How to Eliminate the Two Biggest Sources of Financial Stress

The Art of Manliness

Society & Culture, Education, Philosophy

4.7 • 14.5K Ratings

🗓️ 29 April 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are different philosophies one can have when it comes to money. Jared Dillian’s is built around eliminating as much anxiety around it as possible, so you hardly think about money at all. Jared is a former trader for Lehman Brothers, the editor of The Daily Dirtnap, a market newsletter for investment professionals, and the author of No Worries: How to Live a Stress-Free Financial Life. Today on the show, Jared talks about the two biggest sources of financial stress — debt and risk — and how you can eliminate the stress they can cause. We discuss how three big financial decisions — buying a car, buying a house, and managing student loans — ultimately determine your financial health, and how to approach each of them in a stress-eliminating way. We also talk about how to minimize risk by creating what he calls an “awesome portfolio,” a mix of assets that has nearly the return of the stock market with half its risk. And Jared shares whether cryptocurrency fits into his “no worries” financial philosophy.

Transcript

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0:00.0	Brett McKay here and welcome to another edition of the Art of Manliness
0:10.5	Podcast there are different philosophies one can have when it comes to money
0:14.8	Jared Dillions is built around eliminating as much anxiety around it as possible so you hardly think about money at all
0:21.0	Jared is a former trader for Lehman Brothers, the editor of the Daily Dirtnap, a market
0:25.6	newsletter for investment professionals, and the author of No Worry's How to Live a Stress-Free Financial
0:31.2	Life.
0:32.2	Ten the show, Jared talks about the two biggest sources of financial stress, debt and risk,
0:37.0	and how you can eliminate the stress they can cause.
0:40.0	We discuss how three big financial decisions,
0:42.0	finding a car, buying a house, and managing student loans,
0:45.5	ultimately determine your financial help,
0:47.8	and how to approach each of them in a stress-eliminating way.
0:50.7	We also talk about how to minimize risk by creating what he calls an awesome portfolio,
0:55.6	a mix of assets that has nearly the return of the stock market with half its risk.
1:00.1	And Jared shares where their cryptocurrency fits into his no worries financial philosophy.
1:04.5	After the show is So you write about All right, Jerry Dillion, welcome to the show. Thanks, thanks for having me.
1:24.0	So you write about investing in personal finance,
1:26.8	but you started off your career in the military,
1:29.7	specifically the Coast Guard.
1:31.6	How did you go from serving in the Coast Guard to working for Lehman
1:36.2	Brothers and then writing about investing?
1:39.4	Well, so when I graduated from college, I graduated from the Coast Guard Academy.
	...

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