2779: Bucket Your Money by Jesse Cramer of Best Interest on Budgeting & Personal Finance Habits

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 30 June 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2779: An easy way to level up your finances is to bucket your money, a method that Jesse Cramer of BestInterest.blog details. By dividing your liquid net worth into different buckets based on timelines and risk levels, you can create a financial plan that is both objective and adaptable to your life goals. This approach simplifies investment decisions, ensuring that short-term needs are met with low-risk investments while long-term goals benefit from higher-risk, higher-reward assets. Read along with the original article(s) here: https://bestinterest.blog/bucket-your-money/ Quotes to ponder: "An easy way to level up your finances is to bucket your money." "Short-term buckets should be invested in a low- or no-risk manner. Long-term buckets should be invested with more risk, pursuing more reward." "Feel free to tweak your buckets. But maintain the overall idea." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:16.7	Sign up for a one pound per month trial period at shopify.coidek slash special offer
0:21.8	or lowercase that Shopify dot coe
0:24.2	eke slash special offer this is optimal finance daily episode 2779 bucket your
0:32.0	money by Jesse Kramer of best interest dot blog and I'm your
0:36.7	host and personal finance enthusiasts Diana Miriam welcome back to optimal finance
0:42.1	daily where every day I read some of the best personal finance
0:45.5	blogs on the web in about 10 minutes or less.
0:49.0	So with that, let's get right to it as we optimize your life.
1:00.0	Bucket your money by Jesse Kramer of Best Interest Block.
1:01.0	An easy way to level up your finances is to bucket your money. What's
1:06.8	bucketing? It's a mental accounting trick that helps both your objective
1:11.8	financial plan and your subjective financial mindset.
1:15.0	And it's really simple to implement.
1:18.0	We'll start by dividing your liquid net worth, cash, stocks, bonds, etc.
1:24.0	But not your home equity, car, or other material goods,
	...

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