Personal Finance for Long-Term Investors - The Best Interest

Some Dumb Financial Moves (That I'm Fine With) - E128

Jan 28, 2026

The speaker defends choices that look irrational on paper but suit real life and values. Topics include keeping a small sandbox for speculative bets, paying low-interest loans for peace of mind, and when leasing a car or holding extra cash makes sense. He covers HSA use for present needs, timing Social Security for emotional security, and the virtues of lazy, simple investing.

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ADVICE

Allow A Small Sandbox Account

Set aside a small "sandbox" investing account (around 5% of investable assets) to make personal, higher-risk bets.
Keep the other 95% in a diversified, long-term strategy so the experiment won’t derail goals.

ADVICE

Pay Off Low-Interest Debt If It Buys Peace

Consider paying off low-interest debt if it reduces stress or improves sleep.
Balance the guaranteed return from debt paydown against uncertain market returns and your emotional tolerance.

ADVICE

Lease For Cash-Flow Flexibility

Lease a car when lower monthly cash flow matters more than ownership value.
Use leasing as a short-term cash-flow tool, then reassess when your finances stabilize.

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In this candid solo episode, Jesse walks through a series of financial decisions that look "wrong" on paper but make complete sense when viewed through the lens of real life, values, and tradeoffs. Using personal examples, he challenges the idea that optimal spreadsheets should always dictate behavior, arguing instead that financial planning exists to support a life well lived—not to win theoretical efficiency contests. Jesse explains why holding excess cash even when expected returns favor investing, and prioritizing flexibility and simplicity over marginal tax optimization. Throughout the episode, he dismantles the myth that good planning means eliminating all inefficiency, emphasizing that peace of mind, optionality, and behavioral alignment often outweigh incremental gains. By reframing "dumb" financial moves as intentional choices made with eyes wide open, Jesse encourages listeners to separate true financial mistakes from decisions that are simply mismatched to someone else's values or risk tolerance—and to give themselves permission to choose what actually works for their lives.

Key Takeaways: • Not all financially "inefficient" decisions are mistakes. Optimization often ignores behavioral and emotional realities. • Taking care of a low interest loan can offer peace of mind—despit better returns often being found in investments. • Leasing a car or renting a home may be the right move—depending on the situation. • Using an HSA early may seem like a bad idea, but it could help reduce stress elsewhere in our financial lives. • Being a "lazy investor" is often better than being a complicated investor. • Spreadsheets cannot fully capture human behavior. A "good" decision can look bad to outsiders and still be right.

Key Timestamps: (00:46) – Sandbox Investing Accounts (04:48) – Paying Off Low-Interest Loans (09:37) – Leasing a Car: Pros and Cons (13:05) – Emergency Funds and Cash Allocation (19:56) – Balancing Emotions and Math in Social Security Decisions (22:17) – Owning Company Stock: Risks and Rewards (23:33) – Taxable Brokerage Accounts vs. Qualified Retirement Accounts (27:55) – Using HSA Accounts for Medical Expenses (29:51) – Renting vs. Buying: A Balanced Perspective (34:52) – The Concept of Lazy Investing (39:59) – Continuous Learning in Personal Finance

Key Topics Discussed:The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques

More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Consider working with me at https://bestinterest.blog/work/

Personal Finance for Long-Term Investors is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.