The Art of Manliness How to Eliminate the Two Biggest Sources of Financial Stress
112 snips
Apr 29, 2024 
Jared Dillian, a former Lehman Brothers trader and author of 'No Worries,' shares his philosophy on stress-free finances. He discusses how debt and risk can be the main sources of financial anxiety. Dillian emphasizes the importance of managing major purchases like cars and homes wisely to avoid stress. He introduces the concept of an 'awesome portfolio' for risk mitigation and critiques viewing homes solely as investments. The conversation also touches on the challenges of student loans and the role of alternative investments like cryptocurrency in financial stability.
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Career Change
- Jared Dillian transitioned from the Coast Guard to finance after his mother discouraged his writing aspirations.
- He got an MBA, worked on the Peacoast Options Exchange, then Lehman Brothers, and eventually became an author.
Sources of Financial Stress
- Financial stress stems from debt and risk, not necessarily lack of money.
- An emergency fund can alleviate stress from unexpected costs.
Emergency Funds
- Establish an emergency fund to handle unexpected expenses.
- Even low-income individuals can achieve financial peace with no debt and risk.
