2924: Slam Dunk Financial Planning by Jesse Cramer of Best Interest Blog on Investment Portfolio Advice

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 4 November 2024

⏱️ 13 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 2924: Jesse Cramer explores how smart financial planning mirrors basketball strategy: take the guaranteed shot instead of chasing risky gains. He explains how narrowing the range of outcomes through careful planning like diversifying investments or giving yourself time leads to financial dependability and peace of mind, avoiding unnecessary risks. Read along with the original article(s) here: https://bestinterest.blog/slam-dunk-financial-planning/ Quotes to ponder: "There’s a 60% chance I live the exact lifestyle I want to in retirement. But no matter what, all three scenarios are acceptable to me, so there’s a 100% chance I’ll enjoy life throughout my retirement." "Reducing your range of outcomes has many benefits. In this particular basketball scenario, simple math supports it; 99% of 2 points is better than ~40% of 3 points." "Why risk something you have and need for something you don’t have and don’t need?" Episode references: Risk Parity Radio podcast: https://www.riskparityradio.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Using my Berkeley Card Forward Credit Card to pay for the stuff I need now
0:03.2	could help build up my credit school for the day I need something bigger.
0:06.5	So buying a set of headphones, or waits for my workout, smashed it.
0:11.4	Could help in the future when I want to rent my first flat share.
0:15.4	Now that's forward thinking. Check if you're eligible at barclaycard.cote.
0:20.4	33.9% APR representative variables subject to application financial circumstances in borrowing history, T's and C's apply.
0:26.9	Responsible use of a credit card can help build your credit score when you pay on time.
0:30.1	All the big names are here.
0:32.0	Ooh, who is that?
0:33.3	I think she was in the movie about that really big shark.
0:36.0	No, not her.
0:37.0	The florist.
0:37.9	She's automating invoices on the go so she can spend more time on that flower wall.
0:42.7	QuickBooks could save you up to eight hours a week so you could bring your vision to life.
0:47.2	That's how you business differently.
0:49.0	Into its QuickBooks.
0:50.6	This is Optimal Finance Daily.
0:53.1	Slam Dunk Financial Planning by Jesse Kramer of bestinterest.blog.
0:59.0	And I'm your host and personal finance enthusiast, Diana Merriam.
1:03.0	We're going to jump right into today's posts to start the week as we optimize your life.
1:12.1	Slam Dunk Financial Planning by Jesse Kramer of best interest. blog.
1:18.6	I don't watch many live sports these days. Life is busy, but I've caught a few quarters of
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