Investing is Risky. Do it Anyway w/ Jesse Cramer #872

Aug 28, 2024

Join financial educator Jesse Cramer, who traded a stable aerospace engineering job for a passion in personal finance. Together, they tackle the upsides of career transitions and the dangers of an overly conservative investment approach. Jesse shares strategies for managing risk, why diversifying investments matters, and offers alternative college savings insights. They discuss the importance of aligning finances with life goals and the realities of Social Security. Dive into a conversation that balances calculated risks with the rewards of smart investing!

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Intro

00:00 • 3min

Navigating Personal Finance and Career Transitions

03:17 • 20min

Navigating Risk in Investments

23:06 • 4min

Understanding Risk in Investing

27:33 • 14min

Smart Investment Strategies

41:23 • 7min

Navigating Life's Financial Uncertainties

48:52 • 19min

Savoring Conversations and Promotions

01:08:07 • 3min

“Looking to the long-term upside potential of changing jobs” and “the ways that an overly pessimistic point of view can derail your life”, were just a couple of our big takeaways from talking with our friend Jesse Cramer, from The Best Interest. At his core, Jesse is a financial educator who strives to break down the bigger and nerdier personal finance topics into nuggets of wisdom that all can learn from. In fact, he loves personal finances so much that he stepped away from a lucrative and stable job as an aerospace engineer, in order to join a fiduciary fee-only wealth management firm. We discuss what kind of cojones it takes to start your own business, his alternative to a pure 529 approach to saving for college, how and why an overly conservative portfolio will crush you, what percentage of Social Security he thinks we can count on, and much more!

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