Don't Make Your Own Pizza?! | Jared Dillian - E76
- Mar 12, 2024
- 53:02
- Full Episode
Jared Dillian is a former Wall Street trader at Lehman Brothers, an author of 4 books, and daily writer a newsletter for financial professionals called The Daily Dirtnap. He's sharp, witty, and brings great energy to today's conversation. In this episode of The Best Interest Podcast, we learn about "The Allegory of the Sandwich" and how you can pay for the small stuff by thinking carefully about the big stuff! If you're looking to hear unique takes on the FIRE movement and your daily latte, this is the episode for you!
Key Takeaways: • How taxes can actually be interesting! • The power of waiting (for decades) • The foundational importance of cash flow • Preparing for life via insurance • How being smart about the big decisions will help you not sweat the small stuff. • Why Jared doesn't want to retire (ever). • Why you shouldn't make your own pizza. • The Allegory of the Sandwich. • Why the goal should be happiness, not a number. • When is it worth it to make more money? • How financial stress doesn't necessarily depend on how much you make.
Mentions:
🌐 Website: https://www.jareddillianmoney.com/
👉🏼 LinkedIn: https://www.linkedin.com/in/jared-dillian-411aaa1b/
🎙️ BE SMART Podcast: https://www.jareddillianmoney.com/podcasts
📚 No Worries: How to live a stress-free financial life by Jared Dillian: https://amzn.to/4atCxiz
📚 The FIRE Movement by Jared Dillian: https://wggtb.substack.com/p/the-fire-movement
📚 "Boring" Money Topics That I Find Fun by Jesse Cramer: https://bestinterest.blog/boring-money-topics-that-i-find-fun/
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog (https://bestinterest.blog/)
Contact me at [email protected]
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.
Brief Summary
Jared Dillian discusses personal finance, investing strategies, and critiques the FIRE movement with Jesse Kramer.
Key points
- Welcome to the Best Interest Podcast. Join Jesse Kramer as he explores personal finance and investing in simple terms.
- Jared Dillian Joins the Podcast. Former Wall Street trader and author Jared Dillian shares his insights on finance.
- The Boring Money Topics. Jesse discusses traditionally boring financial topics that can be surprisingly fun.
- The Importance of Big Decisions. Jared discusses the three biggest financial decisions that can shape your future: buying a house, a car, and going to college.
- The Fire Movement Debate. Jared shares his thoughts on the FIRE (Financial Independence, Retire Early) movement, emphasizing the value of continuous work over early retirement.
- The Cost of Homemade Pizza. Making pizza might seem cheaper, but it can actually cost you more time and money.
Episode highlights
- Jared Dillian Joins the PodcastFormer Wall Street trader and author Jared Dillian shares his insights on finance.“He's almost a bit like a sports radio personality.”0:27Mar 12, 2024
- The Boring Money TopicsJesse discusses traditionally boring financial topics that can be surprisingly fun.“The problem is that the fun of something doesn’t usually last.”3:31Mar 12, 2024
- The Importance of Big DecisionsJared discusses the three biggest financial decisions that can shape your future: buying a house, a car, and going to college.“If you get them wrong, you will be paying for it for the rest of your life.”25:54Mar 12, 2024
- The Fire Movement DebateJared shares his thoughts on the FIRE (Financial Independence, Retire Early) movement, emphasizing the value of continuous work over early retirement.“I don’t want Financial Independence; I’m going to keep going and I’m never going to stop.”34:18Mar 12, 2024
- The Cost of Homemade PizzaMaking pizza might seem cheaper, but it can actually cost you more time and money.“It's an $80 pizza if you value your time at $25 an hour.”38:35Mar 12, 2024
- The Allegory of the SandwichA philosophical take on trade and the value of labor in economics.“The allegory of the sandwich illustrates the beauty of trade.”39:34Mar 12, 2024
- Redefining Financial GoalsHappiness should be the ultimate goal in personal finance, not just wealth.“The goal should be to be happy with your financial situation.”43:13Mar 12, 2024
- Understanding Financial StressDebt and risk are the primary sources of financial stress, not income level.“The two sources of financial stress are debt and risk.”46:05Mar 12, 2024
