Jared Dillian is a writer, strategist, financial expert, public speaker, and author of four books, including No Worries: How To Live a Stress-Free Financial Life (out this month!). He joins us to discuss why you should never loan money to your friends or family, why the FIRE movement is a fast track to a miserable life, the hidden costs of being cheap, and MUCH more! Important Links: - No Worries: How To Live a Stress-Free Financial Life - http://buynoworries.com) - Jared’s Website - https://www.jareddillian.com/) - Jared’s Twitter - https://twitter.com/dailydirtnap) - Daily Dirtnap - https://dailydirtnap.com/) - We’re Gonna Get Those Bastards - https://wggtb.substack.com/) - Jared Dillian Money - https://www.jareddillianmoney.com) Show Notes: 0:00:00 Intro 0:01:12 Main podcast 0:02:03 From Coast Guard, to Wall Street, to Writer 0:05:48 “I am not in the money business—I am in the happy business“ 0:14:11 The Awesome Portfolio 0:22:42 Stop Worrying About Small Financial Decisions 0:27:52 The Biggest Financial Decisions You WIll Ever Make 0:33:38 Keep Your Finances Separate From Your Partner; Never Loan Friends or Family Money 0:39:33 To Make Money, You Have to Want Money 0:42:39 Generational Attitudes to Money 0:45:48 Being Wealthy vs Being Rich 0:50:12 Blowing Up Your Identity 0:52:33 Improving Financial Education 0:58:27 Why Investing Should Be Hard 1:04:30 The Hidden Costs of Being Cheap 1:07:57 Why People Are Scared of Entrepreneurship 1:10:26 The Worst Financial Decision Jared Has Ever Made 1:13:06 Jared as Emperor of the World Books Mentioned: - No Worries: How To Live a Stress-free Financial Life; by Jared Dillian - Those Bastards: 69 Essays on Life, Creativity, and Meaning; by Jared Dillian - All The Evil of This World; by Jared Dillian - Street Freak: Money and Madness at Lehman Brothers; by Jared Dillian - Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!; by Robert T. Kiyosaki - The 7 Habits of Highly Effective People; by Stephen R. Covey
"If you start a company, you will be happy even if it fails [...] If it fails, you will learn stuff and you will be happier than if you worked in some soul-destroying humongous corporation with terrible politics..." -- Jared Dillian Full episode: https://www.youtube.com/watch?v=moJhE4UhNrk