Money is Simple...But Not Easy - E48
Truth be told, personal finance is simple. There’s only a small number of foundational rules and a sprinkle of middle school math involved. But our natural human short-comings make personal finance difficult to enact. So, how can we overcome the biases and behaviors that prevent us from successfully achieving our financial goals? Jesse simplifies personal finance into three basic rules: spend less than you earn, save or invest the difference, and create safety nets. It’s great to have a foundation, however, we all know the devil’s in the details, so Jesse shares analogies regarding The Leaning Tower of Pisa, a former NFL player who grew up in poverty, and Warren Buffet to illustrate the nuance of his three rules. Mentions: “The Easiest Money That Investors Ignore” https://bestinterest.blog/easiest-money-investors-ignore/ “Isn’t Personal Finance Pretty Simple?!” https://bestinterest.blog/simple/ “The Golden Rule of Personal Finance” https://bestinterest.blog/golden-rule/ More of The Best Interest: Check out the Best Interest Blog at bestinterest.blog Contact me at jesse@bestinterest.blog The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.