Optimal Finance Daily - Financial Independence And Money Advice podcast

Optimal Finance Daily - Financial Independence and Money Advice

31:42

At the dawn of the social media era, Belle Gibson became a pioneering wellness influencer - telling the world how she beat cancer with an alternative diet. Her bestselling cookbook and online app provided her success, respect, and a connection to the cancer-battling influencer she admired the most. But a curious journalist with a sick wife began asking questions that even those closest to Belle began to wonder. Was the online star faking her cancer and fooling the world? Kaitlyn Dever stars in the Netflix hit series Apple Cider Vinegar . Inspired by true events, the dramatized story follows Belle’s journey from self-styled wellness thought leader to disgraced con artist. It also explores themes of hope and acceptance - and how far we’ll go to maintain it. In this episode of You Can't Make This Up, host Rebecca Lavoie interviews executive producer Samantha Strauss. SPOILER ALERT! If you haven't watched Apple Cider Vinegar yet, make sure to add it to your watch-list before listening on. Listen to more from Netflix Podcasts .…

Optimal Finance Daily - Financial Independence and Money Advice

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Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...

3736 episodes

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3736 episodes

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Optimal Finance Daily - Financial Independence and Money Advice

1
3048: Your Budget is Like a Leaking Ship by Jacob Lund Fisker of Early Retirement Extreme 11:34

5 hours ago11:34

11:34

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3048: Jacob Lund Fisker dissects common spending habits, from frequent furniture replacements to excessive transportation costs, revealing how consumerism encourages unnecessary expenses that make financial freedom seem out of reach. By plugging these financial leaks, it's possible to live comfortably on far less while enjoying a higher quality of life. Read along with the original article(s) here: http://earlyretirementextreme.com/your-budget-is-like-sinking-ship.html Quotes to ponder: "Most of the waste is, however, on leaks and quantity; not quality." "Every activity must be bleeding money. Perhaps this explains the common misconception that spending less means 'not really living' or 'living deprived' or 'having a lower standard.'" "How can anyone enjoy the journey when having to deal with the problem of running the bilge pump all the time? Why not take care of the leaks?" Episode references: Investopedia - Consumerism: https://www.investopedia.com/terms/c/consumerism.asp Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3047: Lessons from Millionaires by ESI of ESI Money on Early Retirement 13:28

1 day ago13:28

13:28

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3047: Having interviewed over 40 everyday millionaires, ESI of ESIMoney.com uncovers the key habits that lead to wealth. High income, disciplined saving, and early, consistent investing stand out as the core principles that set millionaires apart. Avoiding financial pitfalls and making smart money moves further accelerate their journey proving that financial success is more about mindset and discipline than luck. Read along with the original article(s) here: https://esimoney.com/lessons-from-millionaires/ Quotes to ponder: "Having a high income is a great asset. Even people with high incomes can spend it all, so while many millionaires have high incomes, they also have something more valuable: self-control to limit their spending." "Millionaires use this to their advantage. They invest early, often, and at high amounts. Then they let this money sit and compound (usually in index funds) year after year and decade after decade." "My challenge to you is to ask yourself which of the tips mentioned you are missing. Which of these can you attack and get just a bit better at over time?" Episode references: The Millionaire Next Door: https://www.amazon.com/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

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3046: Before You Retire - Powerful Lessons from Mini Retirement by Chris of Keep Thrifty 11:26

2 days ago11:26

11:26

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3046: Chris of KeepThrifty.com shares key lessons from his own experience, emphasizing the importance of retiring to something rather than just from something, preparing mentally as well as financially, and structuring free time to create a fulfilling life. These insights can help you make the most of your retirement, whether it’s temporary or permanent. Read along with the original article(s) here: https://www.keepthrifty.com/before-you-retire-lessons-from-mini-retirement/ Quotes to ponder: "Don’t retire from something, retire to something." "Understanding who I am outside of my job has been one of my toughest and most valuable lessons from this mini-retirement." "By defining clear boundaries and structure, we’ve been able to turn the blessing of free time in retirement from something good to something great." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

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3045: The Unexpected Benefit of Earning Less Money Each Year by Kevin of Financial Panther 10:18

3 days ago10:18

10:18

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3045: Earning less money each year might seem like a setback, but it can actually be a hidden advantage. By gradually reducing income, financial habits shift towards frugality, creativity, and long-term sustainability, making financial independence more achievable. This perspective challenges the traditional belief that constant income growth is the only path to success. Read along with the original article(s) here: https://financialpanther.com/the-unexpected-benefit-of-earning-less-money-each-year/ Quotes to ponder: "Making less money forces you to be more creative with how you earn and spend." "When your income drops, you start asking yourself what really matters." "Instead of feeling like you need to make more money, you learn to make do with what you have." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

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3044: The Delay of Gratification - Reward and Regret by Amberly Grant with Fiology on Financial Independence 11:59

4 days ago11:59

11:59

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3044: Amberly Grant explores the balance between smart financial choices and living a fulfilling life, emphasizing that financial independence should enable joy, not postpone it indefinitely. She shares her own journey, illustrating how embracing adventure and relationships can coexist with responsible planning for the future. Read along with the original article(s) here: https://www.fiology.com/delay-of-gratification/ Quotes to ponder: "Delayed gratification does not mean delayed joy." "The financial independence journey is about learning how to live the life you want, not about racing to a magic bank account balance." "If I say no to opportunities as rewarding as this, I wouldn’t be supporting my true self." Episode references: I Will Teach You to Be Rich by Ramit Sethi: https://www.amazon.com/I-Will-Teach-You-Rich/dp/1523505745 EconoMe Conference: https://economeconference.com Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

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3043: Why I Feel Like A Baller When I Shop At The Dollar Store by Lisa Harrison of Mad Money Monster 9:39

5 days ago9:39

9:39

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3043: Lisa Harrison shares how embracing the dollar store has helped her save money on everyday essentials without compromising on value. Her story is a reminder that financial savviness isn’t about where you shop, but how wisely you spend, regardless of what others might think. Read along with the original article(s) here: https://madmoneymonster.com/2021/07/12/why-i-love-shopping-at-the-dollar-store/ Quotes to ponder: "I mean, if it’s good enough for someone who used to call 1600 Pennsylvania Avenue home, it’s certainly good enough for me and you." "Seriously, people need to get over themselves and simply save a buck wherever and whenever they can." "After all, you really shouldn’t care where you buy your toilet paper or pool noodle. I certainly don’t." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3042: My Reality or Yours by Steve Pavlina on How to Examine Your Beliefs 11:22

5 days ago11:22

11:22

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3042: How do we know if our reality is the true one? Steve Pavlina explores the nature of subjective and objective reality, challenging us to question our perceptions and consider alternative viewpoints. By examining how beliefs shape our experiences, he invites us to expand our awareness and take greater control over our personal growth. Read along with the original article(s) here: https://www.stevepavlina.com/blog/2005/03/my-reality-or-yours/ Quotes to ponder: "My reality is the one that makes the most sense to me, but that doesn’t mean it’s the only reality." "If you assume reality is objective, you’ll seek truth by trying to eliminate perceptual biases. If you assume reality is subjective, you’ll seek truth by aligning your thoughts with your desires." "Perhaps the most intelligent choice is not to rigidly lock onto a single model of reality but to consciously select the model that best serves us in each moment." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

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3041: Sun Tzu’s Art of War Applied to Your Battle Against Debt by Simon Zhen with Financial Samurai 12:58

6 days ago12:58

12:58

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3041: Simon Zhen applies Sun Tzu’s Art of War to the fight for financial independence, offering timeless wisdom on how to aggressively eliminate debt and defend yourself against its return. From avoiding prolonged struggles with interest to maintaining a strong offense, these war tactics provide a blueprint for achieving lasting financial freedom. Read along with the original article(s) here: https://www.financialsamurai.com/sun-tzus-art-of-war-applied-to-your-battle-against-debt/ Quotes to ponder: "Every battle is won before it is ever fought." "There is no instance of a country having benefited from prolonged warfare. In war, then, let your great object be victory, not lengthy campaigns." "If you know the enemy and know yourself, you need not fear the result of a hundred battles." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

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3040: FIRE Is For Wimps by A Purple Life on Financial Independence 12:25

7 days ago12:25

12:25

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3040: A Purple Life argues that pursuing financial independence is the wimpy way out, allowing people to build an impenetrable safety net before taking any leaps. By carefully structuring each transition from remote work to downsizing to local nomadism the journey to early retirement becomes a series of calculated baby steps rather than a daring plunge. Read along with the original article(s) here: https://apurplelife.com/2020/08/25/fire-is-for-wimps/ Quotes to ponder: “We build an adamantium safety net and THEN jump. We are literally the wimpiest people ever.” “Instead of quitting our corporate job to pursue our passions through entrepreneurship or live the exact life we dream of from Day 1, we don’t just do it. We don’t just take that leap.” “I created the best life I could and then figured out how I could inchworm my way towards my post-career life.” Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3039: Savings Tax Breaks for Middle America 529 Plans by Harry Stout of Financial Verse 10:36

8 days ago10:36

10:36

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3039: Harry N. Stout explains the two types of 529 Plans, college savings plans and prepaid tuition plans, along with their benefits, potential drawbacks, and flexibility in case of changing circumstances. Understanding these plans can help families make informed financial decisions while balancing college savings with long-term financial security. Read along with the original article(s) here: https://www.financialverse.com/post/savings-tax-breaks-for-middle-america-529-plans Quotes to ponder: "Funds in a 529 Plan grow federal tax-free and will not be taxed when the money is withdrawn for qualified education expenses." "There are a myriad of situations that can arise in the future such as the death of a child, the receipt of full academic or athletic scholarships, or the receipt of employer educational assistance." "Your child can take out a loan for school, you however cannot take out a loan for your retirement." Episode references: Saving for College: https://www.savingforcollege.com Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3038: 4 Emergency Funds You Need Not Including The Traditional Emergency Fund by Christina Browning of Our Rich Journey 10:49

9 days ago10:49

10:49

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3038: Having a traditional emergency fund is essential, but Christina Browning highlights four alternative funds that provide extra financial security in unexpected situations. From keeping a stash of cash for immediate needs to maintaining a backup account at a local bank, she explains why diversifying your emergency funds is just as important as saving for the future. Whether it's utilizing credit cards strategically or ensuring you have a reliable person to turn to, these practical tips help you stay prepared for any financial crisis. Read along with the original article(s) here: https://www.ourrichjourney.com/post/four-emergency-funds-you-need-not-including-the-traditional-emergency-fund Quotes to ponder: "A stash of cash that is greater than the amount you can withdraw from an ATM is vital if you need a large amount of money immediately in an emergency situation." "Having one card of all three means you know at least one will be accepted when you need to spend or withdraw that money." "The idea that you’re totally on your own can be anxiety-provoking regardless of how financially responsible you are." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3037: Investment Workshop 42 - Double Fisting Your Retirement Accounts by Wanderer of Millennial Revolution 10:00

10 days ago10:00

10:00

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3037: Wanderer of Millennial Revolution breaks down how certain workers, like educators, healthcare professionals, and government contractors can contribute to multiple tax-advantaged accounts simultaneously, slashing taxable income by tens of thousands of dollars. Many employees miss out simply because HR departments don’t advertise these options, but knowing the rules can help accelerate financial independence and early retirement. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-42-double-fisting-retirement-accounts/ Quotes to ponder: "This is a guy who deliberately took on student debt because he was able to somehow get it at a rate of 0.75%, then turned around and invested it in treasuries and made money off it." "It’s possible to qualify for multiple accounts at the same time." "If you don’t take advantage of it, that contribution room is gone forever." Episode references: How to Access Retirement Funds Early - Mad Fientist: https://www.madfientist.com/how-to-access-retirement-funds-early/ Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

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3036: [Part 2] Generating Retirement Income Before Age 59 by Darrow Kirkpatrick of Can I Retire Yet 10:16

11 days ago10:16

10:16

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3036: Darrow Kirkpatrick explores strategies like the 72(t) Rule, home equity loans, and special tax exemptions, highlighting both their benefits and risks. While taxable accounts offer the most flexibility, understanding these alternatives can provide financial freedom before reaching 59½. Read along with the original article(s) here: https://www.caniretireyet.com/generating-retirement-income-before-age-59/ Quotes to ponder: "Once you start down the 72(t) road you are essentially locked in for a period of time." "If you take out any kind of loan in early retirement, you are assuming that you will have the cash flow later in retirement to easily pay off the loan." "The very best way to save for early retirement is probably to max out your tax-sheltered account contributions and then keep on saving into taxable accounts during your working years." Episode references: Dinkytown.net: https://www.dinkytown.net CalcXML: https://www.calcxml.com "How to Access Retirement Funds Early" by Mad Fientist: https://www.madfientist.com/how-to-access-retirement-funds-early 72T.net: https://72t.net Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3035: [Part 1] Generating Retirement Income Before Age 59 by Darrow Kirkpatrick of Can I Retire Yet 11:04

12 days ago11:04

11:04

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3035: Darrow Kirkpatrick explores various strategies, from leveraging taxable investment accounts to taking advantage of Roth contributions and employer-based 401(k) rules. With careful planning, it's possible to generate income while preserving long-term financial security. Read along with the original article(s) here: https://www.caniretireyet.com/generating-retirement-income-before-age-59/ Quotes to ponder: "You can withdraw the contributions you made to your Roth at any time, and you pay neither taxes nor penalties." "Taxable accounts are the unsung heroes of retirement saving." "Depending on the timing, this rule could give you more than four years of penalty-free retirement income before reaching age 59-½." Episode references: Oblivious Investor post on the Age 55 Rule: https://obliviousinvestor.com/ How to Access Retirement Funds Early by Mad Fientist: https://www.madfientist.com/how-to-access-retirement-funds-early/ Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3034: How to Teach Kids Where Money Comes From by Kalen Bruce of Freedom Sprout 11:43

12 days ago11:43

11:43

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3034: Kalen Bruce breaks down the five ways money is earned, helping parents teach kids financial responsibility. Money comes from work, ideas, investments, generosity, and luck - each playing a role in shaping financial habits. By understanding these sources, children can develop a strong work ethic, creativity, and a sense of stewardship over their finances. Read along with the original article(s) here: https://freedomsprout.com/where-money-comes-from/ Quotes to ponder: "Before kids understand any other place money comes from, they need to know it comes from work." "Ideas themselves don’t produce money, but kids need to know that ideas can definitely lead to money." "Kids need to know where money comes from as early on as possible. Once they understand it’s something that is worked for and created, they can start to develop their own ideas for how they’ll acquire money." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3033: 6 Tips for Diving into Property Investments by Elizabeth with The Budget Mom 10:33

13 days ago10:33

10:33

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3033: Elizabeth from TheBudgetMom.com shares six essential tips for getting started, including assessing your finances, starting with residential properties, and building a strong team of professionals. By staying informed and having a solid strategy, you can navigate the risks and maximize the rewards of property investment. Read along with the original article(s) here: https://www.thebudgetmom.com/tips-for-getting-started-in-property-investment/ Quotes to ponder: "You need to take a look at your finances. Make a note of your expenses, income, and even assets so that you know exactly what you have and what changes you need to make to have enough capital." "One mistake I made with one of my first investments was letting my heart rule my decisions. It turns out; most people want clean and easy." "Part of being well informed includes staying safe. So this means avoiding pesky get-rich-quick schemes because they usually turn out to be a waste of time and money in the end." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3032: When Renting is Smarter Than Buying by Sierra Black with Get Rich Slowly 10:40

14 days ago10:40

10:40

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3032: Sierra Black explores how renting can often be the smarter financial choice, especially for items that depreciate quickly or have limited use. By weighing costs, resale value, and usage frequency, you can make informed decisions that maximize value and minimize waste. Read along with the original article(s) here: https://www.getrichslowly.org/when-renting-is-smarter-than-buying/ Quotes to ponder: "Most products aren't investments. They lose value the moment you take them home from the shop, and continue to depreciate the longer you own them and the more you use them." "Anytime you're buying something you have a limited use for, you might want to pause and consider renting instead." "The key is to answer the questions mentioned and figure out if it will cost you more to rent or buy the thing you want." Episode references: Chegg (textbook rentals): https://www.chegg.com Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3031: When Searching for More Savings Costs You Time and Money by Amanda of Women Who Money 12:45

15 days ago12:45

12:45

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3031: Amanda from WomenWhoMoney.com explores the balance between time and money, highlighting how excessive bargain hunting, couponing, and DIY projects can sometimes have diminishing returns. Instead of focusing on minor savings, prioritizing big wins like reducing housing, transportation, and food costs can lead to greater financial stability and more freedom to enjoy life. Read along with the original article(s) here: https://womenwhomoney.com/time-spent-searching-savings-costs-time-money/ Quotes to ponder: "People search for ways to 'save money' on Google more than three times as much as they search for ways to 'save time.'" "An ounce of prevention is worth a pound of cure." "Once your time is gone, you can’t get it back." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3030: 8 Secrets Your Broker Won't Tell You (and Why You Need to Know Them) by Jeff Rose of Good Financial Cents 11:57

16 days ago11:57

11:57

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3030: Brokers may not always have your best interests at heart, and Jeff Rose exposes the conflicts of interest that can cost you money. From hidden commissions to misleading titles, understanding these industry secrets can help you make smarter investment decisions. Learn how to protect yourself, identify trustworthy advisors, and take control of your financial future. Read along with the original article(s) here: https://www.goodfinancialcents.com/what-your-broker-financial-advisor-wont-tell-you/ Quotes to ponder: "Your broker might not have your best interest in mind when they make recommendations to you." "Your broker’s success can have little relation to your own. This represents a misalignment of interests that may cause your broker to benefit at your expense." "Brokers may be using deceptive titles to give you the wrong impression about their compensation model and qualifications." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3029: Why I’m Not a Financial Moron by Doc G of Earn And Invest on Money Mistakes 9:27

17 days ago9:27

9:27

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3029: Doc G reflects on how he avoided financial missteps despite never receiving formal financial education. Growing up in a household where his parents modeled financial intelligence through frugality, strategic investing, and entrepreneurship, he absorbed valuable money habits without realizing it. Now, as he raises his own children, he aims to pass down not only the habits but also the financial knowledge that can empower them for life. Read along with the original article(s) here: https://www.earnandinvest.com/blog/why-im-not-a-financial-moron Quotes to ponder: "They paved the way with good habits, frugality, and an appetite for risk taking." "I'm pretty sure that my parents saved at least fifty percent of their income for most of their careers." "I can't remember a single thing I purchased throughout childhood. But I sure do remember those trips." Episode references: EconoMe Conference: https://economeconference.com The White Coat Investor: https://www.whitecoatinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3028: The Art of Investing by Chris Reining on How to Invest with A Long-Term Mindset and Build Wealth 9:59

18 days ago9:59

9:59

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3028: Chris Reining explains how to approach investing with a long-term mindset, recognizing market fluctuations as opportunities rather than distractions. By blending analysis with intuition, successful investors develop a skill that, much like art, takes years to refine. Read along with the original article(s) here: https://chrisreining.com/art-of-investing/ Quotes to ponder: "The stock market is there to serve you. When it offers a good business at a bad price you do nothing. When it offers a good business at a good price you buy." "The longer you invest the more you realize that being good at investing has little to do with combing through mountains of data or spending hours crunching numbers." "To be good is blending science and art. It’s hard data and soft data. Left brain, right brain." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3027: Mortgages And the Banker's Jar by Barney of The Escape Artist on Build Wealth and Financial Independence 12:13

19 days ago12:13

12:13

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3027: Barney of The Escape Artist explores the psychological and financial impact of taking on a large mortgage, highlighting how debt can limit your freedom and choices. With a mix of personal experience and sharp financial insights, he emphasizes the importance of reducing mortgage debt strategically to regain control, build wealth, and ultimately, achieve financial independence. Read along with the original article(s) here: https://theescapeartist.me/2014/05/27/mortgages-and-the-bankers-jar/ Quotes to ponder: "If ever in your life you get the urge to do something risky, exciting, different or adventurous, chances are you will not because you won’t have the balls to do it." "A mortgage is like a chainsaw. It's a powerful but slightly scary tool to be used carefully for a short period of time in a domestic situation. If you get it wrong, it might lop off a limb or two." "There is an optimal level of mortgage fear. A little edge of unease can be helpful as motivation to get out of the hole as quickly as possible. Too much fear, however, can paralyze and persistent debt worries will eat away at you." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3026: How I Finally Faced My Weight & Debt Problems by Leo Babauta of Zen Habits on Finding Simplicity 12:46

19 days ago12:46

12:46

Leo Babauta of Zen Habits shares how he finally faced his weight and debt problems. Episode 3026: How I Finally Faced My Weight & Debt Problems by Leo Babauta of Zen Habits on Finding Simplicity Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It's about clearing the clutter so we can focus on what's important, create something amazing, find happiness. The original post is located here: https://zenhabits.net/ohno Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3025: Can I Afford It Is A Terrible Filter by Joshua Becker of Becoming Minimalist on Spending Decision Advice 11:21

20 days ago11:21

11:21

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3025: Joshua Becker challenges this common financial filter, explaining why it’s incomplete and often misleading. Instead, he suggests five better questions to guide spending decisions, helping align purchases with personal goals, motivations, and long-term financial well-being. Read along with the original article(s) here: https://www.becomingminimalist.com/can-i-afford-it/ Quotes to ponder: "Can I afford it? is a terrible filter because the answer is always subjective." "Everything we buy takes up physical space in our home and mental space in our mind." "With every purchase, we sacrifice a small amount of freedom." Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3024: How I Hired The Best People In The World To Make Me Rich AND The Cr***y Couch Cacophony by Mr. 1500 of 1500 Days 11:53

21 days ago11:53

11:53

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3024: Mr. 1500 explains how index funds like VTSAX make investing even simpler, allowing you to focus on what truly brings you joy while your money works for you. Read along with the original article(s) here: https://www.1500days.com/how-i-hired-the-best-people-in-the-world-to-make-me-rich/ & https://www.1500days.com/ask-the-readers-the-crappy-couch-cacophony/ Quotes to ponder: "It gives me great satisfaction to know that some of the most brilliant leaders today are on my payroll. I get to pursue what I want and they fund it." "If I give VTSAX $1,000,000 to manage, I pay $400 per year in fees. That’s an incredible value. Take my money, VTSAX." "Who am I to judge another human’s choices? Their choices are a culmination of decades of experience that I have no knowledge of." Episode references: Mile High FI Podcast: https://milehighfi.com EconoMe Conference: https://economeconference.com The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3023: Trouble with the 4 Percent Rule by Jillian Johnsrud on A Flexible Approach to Financial Independence 8:55

22 days ago8:55

8:55

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3023: Early retirement enthusiasts often base their plans on the 4% rule, but Jillian Johnsrud highlights the emotional and psychological challenges this approach can create. By exploring how transitions like leaving work can disrupt the satisfaction of earning and saving, Jillian advocates for a more personalized and flexible approach to financial independence. Her insights empower listeners to design retirement strategies that align with their values and happiness, instead of rigid formulas. Read along with the original article(s) here: https://www.jillianjohnsrud.com/trouble-with-the-4-rule/ Quotes to ponder: "A plan that felt a little more palatable when the time comes to leave your 9-5 job." "Transitions deregulate us. Every time." "You can have 100% confidence in the 4% rule and still not enjoy pulling out 4% a year." Episode references: Tickets to EconoMe Conference: https://economeconference.com Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3022: The Myth Of Diversification And Why It Means It’s Okay To Take Chances by Kevin of Financial Panther 11:26

23 days ago11:26

11:26

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3022: Taking chances might seem risky, but as Kevin of Financial Panther points out, we already make all-in bets on our careers, relationships, and life choices without even realizing it. Rather than fearing the unknown, embracing uncertainty can be freeing especially when most decisions aren’t as life-altering as they seem. By recognizing that we’ve already taken big leaps, we can give ourselves permission to take more chances on what truly matters. Read along with the original article(s) here: https://financialpanther.com/the-myth-of-diversification/ Quotes to ponder: "It took me a long time to take a chance on myself even after years of finding myself unhappy with the work I was doing." "The worst-case scenarios that we think about rarely happen and even the worst-case scenarios usually aren’t as bad as we think they are." "If you’re going to put everything on the line anyway, you might as well put it all on the line for something you really want." Episode references: Qube Money: https://qubemoney.com Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3021: How to Calculate Your Net Worth And Why It Can Help by Jackie Beck on Financial Awareness and Planning 10:33

24 days ago10:33

10:33

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3021: Understanding your net worth is a powerful tool for financial awareness. Jackie Beck breaks down how to calculate it, why it matters, and how tracking it over time can guide your financial decisions. Whether you're aiming to pay off debt or build wealth, knowing where you stand helps you set meaningful goals and measure progress. Read along with the original article(s) here: https://www.jackiebeck.com/net-worth/ Quotes to ponder: "Net Worth = Assets - Liabilities. It’s as simple as that, but understanding this equation can change how you approach your finances." "You live your life, not anyone else’s, so paying attention to your money is key." "Knowing where you are money-wise can help you pick what to focus on. That’s important if you want to reach your goals." Episode references: Tiller’s Spreadsheet: https://www.tillerhq.com/ Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3020: [Part 2] Stocks - Part XXIII: Selecting Your Asset Allocation by JL Collins on Wealth Accumulation Phase 10:36

25 days ago10:36

10:36

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com . Episode 3020: JL Collins breaks down the key factors in determining your asset allocation, focusing on risk tolerance, flexibility, and financial standing. He explains how these elements shape investment decisions, highlights personal examples, and offers insights into balancing stocks and bonds based on your financial stage. Whether you're in wealth accumulation or preservation, this guide helps you craft a strategy suited to your goals. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: "Only you can decide, but if ever there was a time to be brutally honest with yourself, this is it." "For the smoothest transition, you might start slowly shifting into your bond allocation 5 or 10 years before you are fully retired." "It is better to buy and sell in tax-advantaged accounts to avoid creating taxable events." Episode references: Never Pay Taxes Again: https://www.gocurrycracker.com/never-pay-taxes-again/ The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices…

Optimal Finance Daily - Financial Independence and Money Advice

1
3019: [Part 1] Stocks - Part XXIII: Selecting Your Asset Allocation by JL Collins on Building and Preserving Wealth 10:15

26 days ago10:15