Optimal Finance Daily - Financial Independence and Money Advice

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 3292: Chelsea illustrates how even investing at the peak of the Great Recession would have yielded strong long-term gains, especially with dividends reinvested. By showing historical data from past downturns, she highlights that discipline, patience, and consistency in the stock market can transform even the worst-timed investments into substantial wealth. Read along with the original article(s) here: https://smartmoneymamas.com/investing-in-peak-markets/ Quotes to ponder: “In only 1 out of the past 10 recessions, starting in 1948, would you have seen your $10,000 investment lose money over a 10-year period, and only then if you had chosen not to reinvest the dividends.” “The sooner you get your money invested in the market, the more wealth you’ll have in the future. Your money works for you, don’t let it sit idle!” Episode references: National Bureau of Economic Research: https://www.nber.org Bureau of Economic Analysis: https://www.bea.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3291: Chelsea explains why waiting for the “perfect time” to invest is a losing strategy, showing how sitting on cash often results in missed growth and declining value due to inflation. By highlighting the benefits of dollar-cost averaging, lump-sum investing, and the market’s long-term upward trajectory, she makes a strong case for staying disciplined and avoiding fear-based financial decisions. Read along with the original article(s) here: https://smartmoneymamas.com/investing-in-peak-markets/ Quotes to ponder: "Timing the market is just as hard as picking stocks, but that is exactly what you’re doing if you are holding onto cash and waiting for a market downturn." "Every day your money sits in cash, you are losing value." "The long-term trajectory of the market is up. The more time your money is in the market, the better you do." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3290: Ross Enamait explains how to build an effective home gym without overspending, emphasizing creativity, practicality, and functional training over expensive equipment. His guidance helps readers focus on essential tools and smart solutions, making fitness accessible no matter the budget or space available. Read along with the original article(s) here: http://rosstraining.com/blog/2014/01/29/creating-a-home-gym/ Quotes to ponder: "You don’t need to spend thousands of dollars to create an environment that is suitable for quality training." "Think practicality and function, not fancy equipment that you don’t need." "Sometimes the best training tools are not found inside a catalog." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3289: Dawn Dahlby reminds us that building a truly fulfilling life requires growing both our financial wealth and our sense of self-worth. By creating intentional plans, staying accountable, and tracking progress, we can align our daily habits with our deeper values and move toward a life of balance, security, and purpose. Read along with the original article(s) here: https://dawndahlby.com/wellthy-living/ & https://dawndahlby.com/accountability-is-the-key-to-financial-success/ Quotes to ponder: “True change toward something greater involves an internal transformation before we can experience an external one.” “Creating a rhythm and habit of keeping ourselves accountable and allowing others to hold us accountable can truly allow us to thrive and create the life we desire.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3288: Mr. Finer shares the lessons he learned from his investment journey with Amazon, showing how patience, research, and long-term conviction can outweigh expert opinions and short-term fears. His reflections highlight the value of backing visionary leaders, resisting the urge to sell too early, and recognizing the role of luck in investment success. Read along with the original article(s) here: https://mrfiner.com/5-lessons-i-learned-from-my-investment-in-amazon-stock/ Quotes to ponder: "Exceptional companies always seem overpriced. However, these are the companies that generate exceptional returns!" "There is no substitute for doing your own research. Knowing why I am investing in a company lets me ignore the so-called experts." "I think the biggest gains are made by not selling." 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

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 3287: Michelle Schroeder-Gardner explains why relying solely on credit cards for emergencies can be a risky financial strategy. She highlights how an emergency savings fund provides security, reduces stress, and protects against debt traps, offering peace of mind no matter what life throws your way. Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/09/credit-cards-for-your-emergency-savings-fund-amount.html Quotes to ponder: "Even if you can only manage $500 to $1,000 right now, that is better than nothing." "My problem with using credit cards as your sole source for an emergency fund is that it may lead to more debt in some situations." "You never know if something may come up, how big the expense may be, and whether or not you will have enough credit to fund the expense." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3286: Kathleen Coxwell explores why even millionaires struggle with retirement security, revealing that a seven-figure nest egg often isn’t enough to sustain long-term quality of life. She outlines practical strategies, like extending work years, budgeting smarter, leveraging home equity, and optimizing income, that apply to both wealthy and average savers facing the same retirement anxieties. Read along with the original article(s) here: https://www.newretirement.com/retirement/i-have-1-million-and-i-still-cant-afford-to-retire/ Quotes to ponder: “One million dollars today is literally not what it used to be.” “Reducing your future spending can dramatically improve your financial security in retirement.” Episode references: The Shockingly Simple Math Behind Early Retirement: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3285: Jeff Rose outlines why life insurance can be a smart move for young adults, even those without dependents. With low premiums and future-proofing benefits, early coverage can protect your loved ones from financial burdens and lock in cheaper rates before age or health changes make it more costly. Read along with the original article(s) here: https://www.goodfinancialcents.com/life-insurance-for-young-adults/ Quotes to ponder: "Life insurance is very inexpensive, and even if you took out a small $50,000 to $100,000 policy, you would be paying less than 2 value meals at McDonald’s a month for coverage." "If you want to save money on your monthly premiums, spend a couple months improving your health." "The younger you are, the lower your costs are going to be in paying for your life insurance." Episode references: Payable on Death (POD) Account Explanation: https://www.investopedia.com/terms/p/payableondeath.asp Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3284: Jackie Beck reminds us that the feeling of “I’ll never get out of debt” is normal at different stages of the journey, but it doesn’t mean freedom is out of reach. By narrowing your focus to the very next step, celebrating progress, and refusing to get stuck on the big picture, you can steadily build momentum and eventually cross the finish line debt-free. Read along with the original article(s) here: https://www.jackiebeck.com/im-never-gonna-get-this-paid-off/ Quotes to ponder: "Chances are a solid plan is exactly what you need to turn that feeling of despair into success." "Sometimes the best thing you can do when paying off debt is to focus on something other than your debt." "Don’t look at the big picture, unless you’re looking back at how far you’ve come." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3283: Jana draws parallels between The Oregon Trail and real-life money management, showing how every choice with our finances impacts long-term outcomes. By blending nostalgia with practical advice, she highlights the importance of preparation, balance, and smart decision-making to successfully reach financial goals. Read along with the original article(s) here: http://www.budgetsaresexy.com/oregon-trail-guide-to-personal-finance-what-happens-next/ Quotes to ponder: "You could spend $200 for 200 pounds of food at Matt’s General Store, or you could buy fewer pounds and stretch your resources further." "One wrong move could mean death, or at least a very unpleasant journey." "In the end, the goal was to survive long enough to make it to Oregon, hopefully with your whole family intact." Episode references: The Oregon Trail Game Online: https://classicreload.com/oregon-trail.html Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3282: Cylon George shows that lasting confidence comes from embracing your true self rather than chasing external approval. By nurturing unconditional confidence, you can free yourself from self-doubt, trust your inner wisdom, and live with greater authenticity and courage. Read along with the original article(s) here: https://www.spirituallivingforbusypeople.com/cultivate-unconditional-confidence Quotes to ponder: "Unconditional confidence is not based on achievement, appearance, or approval from others." "True confidence arises when we stop trying to be something we are not and start trusting who we already are." "When you no longer depend on external validation, you become free to express yourself authentically." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3281: Erik Carter highlights the importance of protecting your finances with the right safeguards before focusing on long-term goals. From health and disability insurance to emergency savings, estate planning, and life coverage, he explains how these essential protections can prevent devastating setbacks and ensure peace of mind for you and your loved ones. Read along with the original article(s) here: https://www.financialfinesse.com/2012/12/20/do-you-have-these-basic-financial-protections-in-place/ Quotes to ponder: "Medical bills are also one of the most common debts we see and the leading cause of bankruptcy." "The chances of you becoming disabled is much greater than dying before you retire and the financial impact is higher." "You never know when you’ll need these protections in place and there’s no 'good time' to get them done so do it now." Episode references: Term4Sale: https://www.term4sale.com/ Affordable Care Act: https://www.healthcare.gov/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3280: ESI shares how smart real estate investments funded his early retirement, showing how cash purchases, renovations, and professional management turned properties into high-yield, low-effort income sources. He outlines the key advantages of real estate, from strong returns and reliable retirement income to creativity and flexibility, while stressing the importance of focusing on cash flow over appreciation. Read along with the original article(s) here: https://esimoney.com/why-you-should-invest-in-real-estate/ Quotes to ponder: "I net approximately 10% a year and my places have appreciated 45% to boot." "I spend about two hours a month managing them, and they account for 70% of my retirement income." "The worst thing I did: didn’t buy enough. I would have had twice the number of places and currently be making a fortune." Episode references: The Book on Rental Property Investing: https://www.amazon.com/Book-Rental-Property-Investing-Passive/dp/099071179X The ABCs of Real Estate Investing: https://www.amazon.com/ABCs-Real-Estate-Investing-Investors/dp/1937832031 How to Invest in Real Estate: https://www.amazon.com/How-Invest-Real-Estate-Beginners/dp/1947200984 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3279: ESI shares how real estate investing transformed his financial life, from acquiring multiple rental units to retiring at 52 without touching his savings. While acknowledging the hassles of property management, he explains how the rewards, steady income, appreciation, and financial independence, can far outweigh the drawbacks for those willing to explore the opportunity. Read along with the original article(s) here: https://esimoney.com/why-you-should-invest-in-real-estate/ Quotes to ponder: “Hahahahaha! I hear you, real estate is not for everyone. On the plus side, Real Estate was the main reason I retired at 52.” “I think everyone needs to at least know enough about real estate to consider it as an investment option.” “I wasted all that time being limited by my own beliefs/fears when I could have been buying a place each year and building up a fortune.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3278: Kalen Bruce unpacks five damaging money myths that sabotage retirement plans, like believing a high income ensures future savings or that investing is only for finance experts. He urges readers to rethink their strategy by starting small, learning the basics of investing, and distinguishing between good and bad debt for a more secure financial future. Read along with the original article(s) here: https://moneyminiblog.com/investing/personal-finance-retirement-myths/ Quotes to ponder: "Many people take no care of their money till they come nearly to the end of it." "To guarantee a comfortable retirement, get into a saving mindset starting with your mid-20s, even if that means setting aside just $100 every month." "You don’t need a degree in finance to be successful." Episode references: Camp FI: https://www.campfi.org 4% Rule (Investopedia explanation): https://www.investopedia.com/terms/f/four-percent-rule.asp The Federal Reserve Survey of Consumer Finances: https://www.federalreserve.gov/econres/scfindex.htm Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3277: Jill reflects on the emotional and relational shifts that occur when one partner retires early while the other continues working. She shares candid lessons about identity, expectations, and creating new rhythms together, offering perspective for couples navigating different paths to financial independence. Read along with the original article(s) here: https://www.madfientist.com/spouse-early-retirement/ Quotes to ponder: "Early retirement is amazing, but it does introduce some unique challenges if your spouse is still working." "When your identity and self-worth have been tied to your job for so long, it can be hard to adjust when that job suddenly disappears." "Just because you’re not working doesn’t mean you can’t be productive or contribute in meaningful ways." Episode references: The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Practical/dp/145360121X Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3276: J.D. Roth emphasizes that choosing the right contractor is about much more than just price, it’s about trust, communication, and understanding your needs. Through personal stories of home repairs and remodels, he shows how asking the right questions, comparing bids, and valuing reputation can lead to better results and long-term savings. Read along with the original article(s) here: https://www.getrichslowly.org/how-to-find-a-contractor-its-not-just-about-price/ Quotes to ponder: "Some people feel guilty asking a company for a price quote and then not using them. Don’t. That’s how it works." "The contractor I hired did not offer the lowest price, but he ran a family business like mine, was willing to answer my questions, and offered a $500 reduction if I helped on the project." "When you shop around for big-ticket items, you can save thousands of dollars." Episode references: Angi (formerly Angie's List): https://www.angi.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3275: Chris Reining explains how to strategically invest once retirement accounts are maxed out, offering practical guidance for building wealth beyond traditional tax-advantaged vehicles. He breaks down smart options for taxable investing, managing taxes, and aligning financial choices with long-term goals. Read along with the original article(s) here: https://chrisreining.com/where-do-i-invest-after-maxing-out-retirement-accounts/ Quotes to ponder: "Once you’re maxing out retirement accounts, you’ve won the game. You’re ahead of 99% of people." "With a taxable account, there are no restrictions on when you can withdraw the money." "The truth is, most people are better off just sticking with index funds." Episode references: Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3274: Stay-at-home parents take on an invaluable role, but the financial risks of stepping away from a paycheck are real. Amanda Kruse highlights the protections every family should consider, from retirement savings and insurance coverage to joint ownership of assets, legal agreements, and ways to maintain income potential. Her insights offer practical steps to safeguard the long-term security of both partners and strengthen financial resilience. Read along with the original article(s) here: https://womenwhomoney.com/financial-protections-stay-at-home-parents-need/ Quotes to ponder: "The SAH parent is a contributing member of the family and entitled to half the assets." "When the SAH parent isn’t involved in money decisions, it sets the stage for disaster." "Though not always easy or pleasant, parents should consider the worst-case scenarios and plan for them." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3273: Wanderer explains why asset allocation is less about chasing the “perfect” ratio and more about managing your emotions as an investor. By starting small with a 50/50 mix of equities and bonds, new investors can build confidence, ride out market crashes, and eventually shift toward more aggressive strategies without panicking at volatility. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/what-should-my-asset-allocation-be-nervous-newbie-edition/ Quotes to ponder: "While the cold, hard math indicates the single biggest determinant of long-term financial success is your asset allocation, in practice the single biggest determinant of long-term financial success is you, the investor." "The great thing about this strategy is that you’ll only have $5000 in the markets when this happens, so you’re less likely to freak out." "The trick about investing is that there’s no real trick to it. The only thing you have to watch out for is your own fear forcing you to do the exact wrong thing at the exact wrong time." Episode references: Canadian Couch Potato: https://canadiancouchpotato.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3272: Scott Rieckens shares practical strategies for tackling student loans quickly, from setting up auto-pay and making extra payments to refinancing for a lower interest rate. He also highlights alternative approaches, such as income-driven repayment plans and loan forgiveness, showing that the right path depends on your financial goals and circumstances. These insights can help you accelerate debt freedom and move closer to financial independence. Read along with the original article(s) here: https://www.playingwithfire.co/blog/how-to-pay-off-student-loans-fast-fire Quotes to ponder: "Debt doesn't have to be your reality forever." "If you want to pay off your loan quickly, making extra payments is key." "Student loan refinancing is one of the best things you can do to help get you out of debt faster." Episode references: Income-Driven Repayment Plans (Federal Student Aid): https://studentaid.gov/idr Public Service Loan Forgiveness (Federal Student Aid): https://studentaid.gov/pslf The Student Loan Planner: https://www.studentloanplanner.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3271: Scott Rieckens breaks down the true cost of student loans and how repayment terms can dramatically impact both your debt load and your path to financial independence. By understanding interest, repayment options, and alternatives like grants or employer assistance, you’ll be better equipped to avoid unnecessary costs and stay focused on your FIRE goals. Read along with the original article(s) here: https://www.playingwithfire.co/blog/how-to-pay-off-student-loans-fast-fire Quotes to ponder: "Student loan debt shouldn't keep you from pursuing your financial independence dreams." "That $10,000 actually costs you a total of $13,322!" "Debt of any kind, including student loans, can make your path to FI excruciatingly long." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3270: Sam reflects on how easy it is to take money for granted when income feels steady and endless. He explores what to do if cash flow dries up, drawing from investments, rental income, and even taking any job if necessary, while also emphasizing the importance of perspective, gratitude, and an abundance mindset to stay financially and mentally resilient. Read along with the original article(s) here: https://www.financialsamurai.com/taking-money-for-granted/ Quotes to ponder: “It’s hard NOT to take money for granted when it’s come to you for so long.” “Working harder is a privilege, since at some point, my mental capacity will fade and I will no longer be able to communicate in a coherent manner.” “Don’t take money for granted, because it may eventually run out!” Episode references: Yakezie Personal Finance Network: https://yakezie.com Structured Notes Explained: https://www.investopedia.com/terms/s/structurednote.asp Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3269: Andrea Joy draws on her background in medical billing to demystify the often overwhelming process of choosing health insurance. She explains key terms like deductibles, copayments, and coinsurance while offering practical tips for evaluating plan options, considering supplemental coverage, and making the most of tools like HSAs or FSAs. Her personal story and professional insights highlight why informed choices can save you from financial hardship and give you peace of mind. Read along with the original article(s) here: https://savingjoyfully.com/blog/health-insurance-things-to-consider-when-choosing-your-coverage Quotes to ponder: "Unless someone else is covering you under their insurance plan this can be a very bad decision." "You cannot predict the future and this can be a very costly mistake." "Choosing insurance coverage is never something to take lightly but it doesn’t have to confuse you every year or make you worry." Episode references: Health Savings Account (HSA) - IRS: https://www.irs.gov/publications/p969 Flexible Spending Account (FSA) - HealthCare.gov: https://www.healthcare.gov/flexible-spending-accounts Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3268: Philip Taylor explains what happens when you default on a credit card, from late fees and mounting interest to aggressive collections and damage to your credit score. He also highlights the elimination of universal default, the importance of knowing your rights when dealing with collectors, and practical steps to recover financially after a default. Read along with the original article(s) here: https://ptmoney.com/credit-card-default/ Quotes to ponder: "Credit card default happens when you borrow money on your credit card and never pay it off." "Once your account goes into default your credit score is going to take a dramatic hit." "You simply have to prioritize. Four things come first: food/water, shelter, clothing, and transportation." Episode references: The Pew Charitable Trusts - Consumer Finance Research: https://www.pewtrusts.org/en/projects/consumer-finance Dave Ramsey: https://www.ramseysolutions.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3267: Jacob Lund Fisker explores the challenges of pursuing an unconventional lifestyle when family and friends follow more traditional financial and career paths. He highlights the tension between different value systems and offers perspective on navigating social expectations without compromising personal goals. Listeners gain insight into balancing independence with connection while staying true to their chosen path. Read along with the original article(s) here: http://earlyretirementextreme.com/extreme-early-retirement-vs-friends-and-relatives.html Quotes to ponder: "Friends and relatives are usually those who are not pursuing extreme early retirement, but they are still those we need to relate to." "It is much easier to interact with people who share the same values, but often those are not the ones who are closest to us." "An important skill is to respect each other’s choices without trying to convert them." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3266: Chalene Johnson shares ten practical food habits that help highly fit people maintain long-term health and energy without strict diets or deprivation. Her approach highlights mindful eating, smarter choices, and consistency, showing how small, sustainable adjustments can lead to big results. Read along with the original article(s) here: https://www.chalenejohnson.com/10-food-habits-of-the-successfully-fit/ Quotes to ponder: "Fit people don’t use the word ‘diet.’" "They eat out, but they don’t pig out." "They drink water, a lot of it." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3265: Chris highlights how patience can serve as a powerful form of “passive income,” saving you money simply by waiting. From smartphones and movies to books and credit card debt, he shows how delaying gratification translates into hundreds of extra dollars and long-term financial freedom. Paired with the compounding power of investing, patience becomes one of the smartest wealth-building tools at your disposal. Read along with the original article(s) here: https://www.keepthrifty.com/patience-passive-income/ Quotes to ponder: “I want it all, I want it all, I want it all, and I want it now.” “Compared to the impatient buyer, the patient one actually has an extra $860 in their bank account at the end of those two years!” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3264: Darrow Kirkpatrick examines the true costs and emotional implications of owning a vacation home, revealing how the dream of a getaway can quickly become a financial and lifestyle burden. By unpacking both personal experience and broader considerations, he offers a grounded perspective to help readers evaluate whether buying a second home aligns with their values and goals. Read along with the original article(s) here: https://www.caniretireyet.com/does-owning-a-vacation-home-make-sense/ Quotes to ponder: "Vacation homes offer convenience and familiarity, but those advantages can come with hidden costs." "It’s easy to overlook opportunity costs when making emotional decisions, especially around real estate." "You’ll need to honestly assess whether a vacation home supports your desired lifestyle or distracts from it." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3263: Luke Smith explores how poor financial habits and money stress can undermine work performance, leading to reduced productivity, strained workplace relationships, and even burnout. He offers practical strategies, like budgeting, building an emergency fund, and using proven debt repayment methods, to reduce financial anxiety and reclaim focus and energy for the work that matters most. Read along with the original article(s) here: https://www.carlpullein.com/blog/how-financial-habits-and-situations-can-affect-productivity/21/10/2020 Quotes to ponder: "Individuals living paycheck-to-paycheck are existing on the edge of financial ruin." "From paying down your debt in the most efficient way possible to saving an emergency fund, establishing good financial habits will decrease your stress levels and allow you to focus your energy on important tasks." "Having a plan to manage your finances will boost your confidence in other areas of your life." Episode references: U.S. Bureau of Labor Statistics: https://www.bls.gov 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

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 3262: Jillian Beirne Davi reveals how five simple but consistent daily habits transformed her from $30,000 in debt to a confident saver in just 18 months. By shifting her mindset, committing to cash, tracking her balances, saving small amounts, and rewarding herself, she built a sustainable foundation for lasting financial health. Her story proves that financial freedom is less about earning more and more about intentional money management. Read along with the original article(s) here: https://www.jackiebeck.com/how-five-daily-habits-rocked-my-financial-world/ Quotes to ponder: "Debt equaled slavery and my first order of business was to cut the cards and use all cash instead." "Checking my statements every morning kept me honest about where my money was going and made it less likely to spend impulsively." "In the beginning, my savings account was teeny tiny. But it wasn’t about the dollar amount at first. It was about getting into the habit of saving regularly." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3261: Tynan explores how surrounding yourself with high-quality, well-designed items can transform daily life by eliminating friction, reducing replacement needs, and even inspiring creativity. Through examples from his minimalist travel gear to everyday clothing, he shares why mission-specific design and top-tier materials consistently outperform cheaper alternatives, urging readers to experiment with upgrading one item that causes frustration. Read along with the original article(s) here: https://tynan.com/quality/ Quotes to ponder: "Quality is derived from purity of design and from best materials." "Be important not to conflate price with quality." "The net result of surrounding yourself with high quality is that friction just disappears." Episode references: Breitling Watches: https://www.breitling.com Chipotle: https://www.chipotle.com Wool&Prince: https://woolandprince.com Makers & Riders: https://makersandriders.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3260: David Cain reminds us that money is only a tool for creating or avoiding experiences, and the true measure of wealth is the quality of those experiences. By consciously evaluating purchases in terms of lasting value and impact, we can make far more rewarding choices, avoiding regret and channeling our spending toward experiences that genuinely improve life. Read along with the original article(s) here: http://www.raptitude.com/2012/03/how-to-buy-happiness/ Quotes to ponder: "Value amounts to positive experiences. Wealth is ultimately the capacity to create worthwhile experiences in life, and to prevent bad experiences." "There’s nothing of value except experiences, and assets that can continue to supply good experiences." "The moment when I was in the chocolate aisle deciding which flavor to grab, that was a moment where I wielded a great amount of leverage, if only over a small amount of money." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3259: David Cain reveals how everyday spending decisions can dramatically impact our long-term happiness, arguing that all purchases are investments, not just financial ones. By focusing on the real-life return of what we buy, from confidence-boosting hair paste to transformative yoga classes, we can maximize our quality of life instead of wasting money on fleeting pleasures. Read along with the original article(s) here: http://www.raptitude.com/2012/03/how-to-buy-happiness/ Quotes to ponder: "Each line item on those slips represent an investment." "The value those purchases return isn’t monetary value, it’s experiences." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3258: Leo Babauta invites readers to embrace the transformative power of pausing before reacting, making decisions, or speaking. By creating space between impulse and action, we open the door to clarity, compassion, and intentional living. Read along with the original article(s) here: http://zenhabits.net/wait Quotes to ponder: "Instead of instantly acting on urges, we can pause, and give ourselves a chance to see what’s going on." "When we wait, we open up to the possibility of not being reactive, but instead being mindful." "The pause is a chance to be free." Episode references: The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3257: Jeff Rose offers a practical guide to organizing and storing key financial records, from brokerage and retirement statements to tax returns, bank statements, and insurance policies. He explains how long to keep each type of document, when it’s safe to shred them, and how to protect against identity theft. His advice balances the convenience of digital storage with the security precautions needed to safeguard your most sensitive information. Read along with the original article(s) here: https://www.goodfinancialcents.com/how-long-should-you-keep-bank-financial-tax-statements/ Quotes to ponder: "Keeping a good filing system of all your statements will help you do a better job of investment tracking." "It’s advisable to keep your tax returns ‘forever.’" "Proper shredding is an easy way to protect yourself from identity theft." Episode references: IRS Recordkeeping Guidelines: https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records Business Insider - Google Drive Security: https://www.businessinsider.com/guides/tech/is-google-drive-secure Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3256: J. Money examines the high costs and hidden traps of both payday loans and credit card cash advances, weighing which is the lesser of two financial evils. While both options carry steep fees and risks, he ultimately sides with credit cards for their transparency and flexibility, though he stresses that neither should be your go-to for quick cash. Read along with the original article(s) here: https://budgetsaresexy.com/payday-loans-vs-credit-cards/ Quotes to ponder: “Payday loans are extremely expensive compared to other cash loans.” “Consumers have an average of eight to thirteen loans per year at a single lender.” “In conclusion, they both suck and should be avoided like the plague.” Episode references: Consumer Federation of America: https://consumerfed.org Debt.org - Predatory Lending: https://www.debt.org/credit/predatory-lending Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3255: Cynthia Meyer explains why tapping into your 401(k) or 403(b) through a hardship withdrawal should be a last resort, outlining the steep tax penalties, loss of long-term growth, and strict IRS rules that apply. She offers a series of practical questions to weigh alternatives, like selling assets, using a Roth IRA, or taking a retirement plan loan, before sacrificing retirement savings. The advice encourages a disciplined, future-focused approach to financial emergencies while still addressing urgent needs responsibly. Read along with the original article(s) here: https://www.financialfinesse.com/2017/03/27/should-you-take-a-hardship-withdrawal/ Quotes to ponder: "Just because you could withdraw funds doesn’t mean that you should do it." "A hardship withdrawal is meant for a true emergency." "Think of it as a tax I’ve paid to my future self." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3254: Julien Saunders explains how constant monitoring of your portfolio undermines rational decision-making by feeding fear and short-term thinking. By understanding the motivations behind daily market moves, often driven by algorithms, chart-watchers, or impatient investors, you can focus on long-term business ownership and avoid being swayed by noise that has little to do with a company’s true value. Read along with the original article(s) here: https://richandregular.com/the-high-fructose-corn-syrup-of-your-401k/ Quotes to ponder: "The more you are dominated by these fears, the less rational you are." "If you are a fundamental investor, you are not just buying stocks, you are buying fractional ownership in businesses." "In short, the less time you spend looking at your portfolio, the more rational you are going to be." Episode references: S&P 500 Index: https://www.spglobal.com/spdji/en/indices/equity/sp-500/ FANG stocks (Investopedia overview): https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp U.S. 10-Year Treasury Yield: https://www.cnbc.com/quotes/US10Y Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3253: Sara explains how Dividend Reinvestment Programs (DRIPs) allow investors to buy company stock directly and automatically reinvest dividends, bypassing brokerage fees and enabling small, consistent contributions over time. She highlights their simplicity, low costs, and power for long-term growth, while noting the importance of diversification and careful company selection. This approach is ideal for those who want a low-maintenance, cost-effective way to steadily build wealth. Read along with the original article(s) here: https://www.getrichslowly.org/simplify-your-investing-an-introduction-to-drips/ Quotes to ponder: "DRIPs are hands-down the easiest way to invest in individual company holdings." "You don't have to invest thousands at a time. Some programs let you invest as little as $10 per month." "If you like simple solutions and are a long-term investor, DRIPs are worth a look." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3252: Wanderer breaks down why Target Date Funds may not be the smart, set-it-and-forget-it solution they're marketed as. Hidden fees, unnecessary complexity, and poor cost-to-value ratios make them easy to beat with a DIY ETF strategy, saving you money and boosting returns with just a little more effort. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/target-date-funds/ Quotes to ponder: "You're employing a team of dozens of people to do a job that a spreadsheet can do." "I have another name for Convenience Shoppers: Incredibly Stupid and Lazy People." 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

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 3251: The Mad Fientist breaks down a powerful but often overlooked tax strategy that can significantly boost your investment returns: specific share identification. By choosing exactly which shares to sell, you can minimize capital gains taxes and optimize long-term wealth accumulation, a simple tweak with massive financial upside. Read along with the original article(s) here: https://www.madfientist.com/specific-share-identification/ Quotes to ponder: "Most brokerages default to FIFO (first-in, first-out), but that’s not usually the most tax-efficient method." "With specific share identification, you choose which shares you sell, which means you can control how much tax you’ll pay." "Taking a few minutes to choose which shares to sell can save you thousands of dollars over your investing lifetime." Episode references: Vanguard - Cost Basis Methods: https://investor.vanguard.com/investor-resources-education/taxes/cost-basis IRS Specific Identification of Shares: https://www.irs.gov/publications/p550#en_US_2023_publink100099023 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3250: Dr. Margaret Rutherford shares seven practical guidelines for treating your marriage like a well-run business, emphasizing regular "meetings" to align on finances, goals, and shared responsibilities. By approaching your relationship with intention and open communication, couples can avoid resentment, build trust, and maintain a healthy, collaborative partnership. Read along with the original article(s) here: https://drmargaretrutherford.com/seven-guidelines-to-keep-the-business-of-your-marriage-going-strong/ Quotes to ponder: "You get tired of doing even what you do well." "Both of you will be involved in 'the business' of your marriage." "Treat this meeting in a similar way [to a workplace meeting]." Episode references: National Foundation for Credit Counseling: https://www.nfcc.org Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3249: The DebtMD Team breaks down the most common, often unavoidable, reasons people file for bankruptcy from overwhelming medical bills and job loss to divorce and student debt. By reframing bankruptcy as a strategic reset rather than a personal failure, they offer clarity and potential paths forward for those navigating financial hardship. Read along with the original article(s) here: https://www.debtmd.com/blog/the-most-common-reasons-people-file-for-bankruptcy Quotes to ponder: "Medical expenses are actually one of the biggest reasons people file for bankruptcy." "Despite the usual daily expenses, losing your job also acquires more expenditures." "Bankruptcy might not always be seen as the best solution to go with." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3248: Mike Ballew challenges the conventional wisdom around long-term care insurance by exposing how misleading statistics and industry practices inflate the perceived need for it. He presents a compelling case for self-insurance, showing how investing the equivalent of monthly premiums could offer better financial protection and peace of mind in retirement. Read along with the original article(s) here: https://eggstack.com/blog/2019-07-28-Long-Term-Care-Insurance-is-a-Waste-of-Money/ Quotes to ponder: "Only 25 percent of nursing home stays last more than a year, and only five percent last more than two years." "You can pay an insurance company $300 a month for decades and hope they’ll be there if you ever need them, or you can insure yourself." "If you don’t need it, you can pass it on to your heirs. Try doing that with long-term care insurance." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3247: Many millionaires regret not diving into real estate investing earlier, missing out on cash flow, appreciation, and financial freedom. ESI highlights how a delayed financial education and lack of work-life balance often lead to deeper personal and monetary consequences, lessons that offer valuable foresight for anyone building wealth. Read along with the original article(s) here: https://esimoney.com/the-five-biggest-millionaire-regrets/ Quotes to ponder: "I regret not getting into the housing market in San Francisco. I could have purchased something to live in back in 2010 when I moved here." "I would have studied personal finance more and not hired a financial advisor." "My work/life balance in my 30’s is one of the reasons my first marriage didn’t work out." Episode references: John Bogle’s writings (Bogleheads Guide to Investing): https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3246: ESI shares powerful lessons from high-net-worth individuals who look back and wish they had taken smarter steps earlier in life. From missed savings windows to passed-over career opportunities, these millionaire regrets offer a rare and honest blueprint for building wealth and avoiding common pitfalls that even the affluent aren’t immune to. Read along with the original article(s) here: https://esimoney.com/the-five-biggest-millionaire-regrets/ Quotes to ponder: "I would have saved more as soon as I graduated from college, and I would have invested entirely in index funds." "Time is the most important thing in the context of money, and I lost or blew 10 years of time and money." "I should have been more open to changing jobs rather than being loyal to companies that didn’t return the loyalty." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3245: Chris Reining unpacks the paradoxes of investing and life, showing how seemingly contradictory advice can both hold truth depending on context. He urges listeners to move beyond black-and-white thinking, embrace nuance, and make intentional choices, whether in managing investments or living authentically. Read along with the original article(s) here: https://chrisreining.com/best-way/ & https://chrisreining.com/save-half/ Quotes to ponder: “There is no best answer. Each choice comes with its own set of benefits and drawbacks.” “Nothing in life is so black and white.” “Small amounts multiplied over 40 years always become big amounts at the end.” Episode references: The Power of Compounding: https://www.investopedia.com/terms/c/compounding.asp Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3244: Paula Pant challenges the common obsession with income by shifting the focus to what truly matters: how much of that income is retained and used wisely. Her sharp analysis dismantles superficial financial comparisons and empowers listeners to focus on freedom, flexibility, and building wealth through mindful spending and investing. Read along with the original article(s) here: https://affordanything.com/how-much-does-she-earn/ Quotes to ponder: "Your income is not your wealth. Your income is not your freedom." "Don’t focus on how much someone earns. Focus on how much they keep." "The true measure of wealth is how long you can live without needing to earn another dollar." Episode references: Early Retirement Extreme: https://earlyretirementextreme.com The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Mr. Money Mustache: https://www.mrmoneymustache.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3243: Laurie Sepulveda unpacks the true cost and often-overlooked fine print of extended warranties, showing how these contracts rarely offer the value consumers expect. Learn when it makes sense to say yes, when to walk away, and how to get peace of mind without overspending. Read along with the original article(s) here: https://womenwhomoney.com/extended-warranty-value-worth/ Quotes to ponder: "Service contracts cost extra and are sold separately." "The chance of you needing a costly repair, even on a used car, are slim." "You may still opt-in for service warranties, even when you know, the math may not work out in your favor since you find value in the peace of mind the coverage brings." Episode references: Warranty Week: https://www.warrantyweek.com Federal Trade Commission – Service Contracts: https://consumer.ftc.gov/articles/extended-warranties-service-contracts National Automobile Dealers Association (NADA): https://www.nada.org Consumer Reports: https://www.consumerreports.org Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3242: Nia Shanks explains how to stay consistent with fitness even when life gets chaotic by embracing time-crunch workouts that are both effective and efficient. Learn how prioritizing consistency over perfection can lead to long-term results without the guilt of missing long gym sessions. Read along with the original article(s) here: https://www.niashanks.com/time-crunch-workouts/ Quotes to ponder: "Consistency, not perfection, is what produces results that last." "You don’t need to follow a ‘perfect’ training plan to get results, and you certainly don’t need to work out for an hour several times per week." "A 10-minute workout done consistently beats the hell out of an hour-long workout you never do." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3241: Christina Browning challenges the traditional YOLO mindset by exposing its hidden financial pitfalls and showing how it undermines long-term well-being. Instead, she reframes "you only live once" as a compelling reason to pursue financial independence so you can live freely, not just for today, but for the decades ahead. Read along with the original article(s) here: https://www.ourrichjourney.com/post/yolo-and-the-fire-movement-why-it-doesnt-work-yet Quotes to ponder: "You only live once, and that one time can last close to a century." "The truth is that YOLO is a lifestyle that requires you to work harder and longer just to pay for the poor financial decisions that are born from the YOLO lifestyle." "Short-term desires have long-term consequences - so just say no!!!" Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3240: Vitaliy Katsenelson explores the frustrating disconnect between stock fundamentals and short-term market behavior, offering reassurance to investors whose portfolios lag despite owning high-quality businesses. Through historical perspective and grounded investment wisdom, he reminds readers why discipline and patience often matter more than immediate performance. Read along with the original article(s) here: https://contrarianedge.com/the-market-right-now-doesnt-care-how-fantastic-your-stocks-are/ Quotes to ponder: "The market doesn’t care about your carefully constructed portfolio or how fantastic your stocks are." "The true test of an investor is not how they behave when everything is going up, but how they behave when nothing is working." "Markets are not always rational in the short run, but they are a weighing machine in the long run." Episode references: Benjamin Graham - "The Intelligent Investor": https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Howard Marks Memo - "You Can't Predict. You Can Prepare.": https://www.oaktreecapital.com/insights/memo/you-cant-predict-you-can-prepare Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3239: JL Collins unpacks the dangerous dance between deflation and economic depression, exploring why falling prices, often seen as beneficial, can spiral into devastating financial collapse. With clarity and insight, he reveals how deflation affects debt, spending, and investing, offering a sober reminder of its historical consequences and why understanding it is critical for financial resilience. Read along with the original article(s) here: https://jlcollinsnh.com/2012/12/11/stocks-part-xiv-deflation-the-ugly-escort-of-depressions-2/ Quotes to ponder: "Deflation makes debt more expensive. In a deflationary environment, the dollars you use to pay back your debts are worth more than the dollars you borrowed." "When people expect prices to fall, they tend to put off buying. Why buy now when it will be cheaper later?" "Deflation leads to economic depression because it puts the brakes on spending, investing, borrowing, and lending." Episode references: When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany: https://www.amazon.com/When-Money-Dies-Nightmare-Hyper-Inflation/dp/1586489941 The Great Depression: A Diary: https://www.amazon.com/Great-Depression-Diary-Benjamin-Roth/dp/1586489011 This Time Is Different: Eight Centuries of Financial Folly: https://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691152640 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3238: Kumiko shares practical strategies to build equity in your home, whether you're paying off a mortgage or investing in value-boosting renovations. She emphasizes the importance of financial planning, using tools like sinking funds, and making smart decisions about when to borrow or save, offering a balanced approach to long-term wealth and stability. Read along with the original article(s) here: https://www.thebudgetmom.com/how-to-build-equity-in-your-home/ Quotes to ponder: "Home equity is the difference between the market value of your home and the amount you owe on your mortgage." "Landscaping, gardening, painting, or a new outdoor living space are all potentially inexpensive ways to add value to your home." "A sinking fund is a way to set aside some money each month to pay for large expenses." Episode references: Credit Karma: https://www.creditkarma.com Zillow: https://www.zillow.com Redfin: https://www.redfin.com Risk Parity Radio: https://www.riskparityradio.com Remodeling Magazine Cost vs. Value Report: https://www.remodeling.hw.net/cost-vs-value/2024/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3237: Philip Taylor lays out creative and practical strategies for meeting credit card minimum spending requirements without overspending or going into debt. From leveraging upcoming big-ticket purchases to paying taxes or funding peer-to-peer loans, these smart techniques help you unlock valuable sign-up bonuses while staying financially responsible. Read along with the original article(s) here: https://ptmoney.com/ways-to-meet-minimum-spending-requirements/ Quotes to ponder: "Only spend what you intended on spending. Don’t let the fact that you are meeting a spending requirement influence how much you spend." "You can make an annual payment instead, and odds are your insurer will allow you to make the payment using a credit card." "Bring your credit card with you everywhere. Get a second for your spouse. Make sure you use it everywhere and every chance you get." Episode references: Prosper: https://www.prosper.com IRS Credit Card Payment Information: https://www.irs.gov/payments/pay-your-taxes-by-debit-or-credit-card Amazon Payments: https://pay.amazon.com RentShare (now part of Avail): https://www.avail.co Official Payments: https://www.officialpayments.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3236: Darrow Kirkpatrick challenges the illusion of a one-size-fits-all retirement by showing how simplifying lifestyle choices like skipping international travel or downsizing housing can lead to financial freedom without millions in the bank. He also dismantles the myth of exact retirement calculations, arguing that personal clarity and flexibility trump the false security of “precise” financial advice. Read along with the original article(s) here: https://www.caniretireyet.com/3-great-misconceptions-retirement-saving/ Quotes to ponder: "To maximize your freedom, live modestly within your means. And that doesn’t mean doing without: Craft your own, personally-rewarding retirement lifestyle." "A retirement model is a compass, not a map. It can tell you where you’re going, but not if and when you’ll arrive!" "In reality, even the best retirement planning gives you only a hazy view into an uncertain landscape to be traversed over many years, not a detailed itinerary for your journey." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3235: Darrow Kirkpatrick dispels two common myths that can sabotage your retirement planning: that Social Security will cover your needs and that you need millions to retire. With clear data and personal insights, he explains why self-reliance and realistic expectations are key to designing a secure and fulfilling retirement. Read along with the original article(s) here: https://www.caniretireyet.com/3-great-misconceptions-retirement-saving/ Quotes to ponder: "You need to plan on providing mostly for yourself, rather than relying on others, including the government." "Even if full Social Security benefits were preserved, they would likely be unable to cover all of your retirement living expenses." "There is little risk to an advisor in you working 5 or 10 years longer and dying with a few extra million on hand." Episode references: NewRetirement Retirement Planner: https://www.newretirement.com/retirement/planner Social Security Administration: https://www.ssa.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3234: Isaac Morehouse reveals how writing every single day sharpened his thinking, boosted creativity, and built confidence without the pressure of perfection. He shows how consistent output, not grand ambition, creates the momentum needed for long-term growth and self-discovery. Read along with the original article(s) here: https://isaacmorehouse.com/2016/02/26/what-i-learned-from-writing-every-day/ Quotes to ponder: "Daily writing kills perfectionism." "Writing every day makes you comfortable putting things out there." "When you publish every single day, you don’t have time to indulge the fear of how people will react." Episode references: Show Your Work!: https://www.amazon.com/Show-Your-Work-Austin-Kleon/dp/076117897X The War of Art: https://www.amazon.com/War-Art-Through-Creative-Battles/dp/1936891026 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3233: Miranda Marquit unpacks the key differences between a HELOC and a second mortgage, helping homeowners make smarter choices when tapping into their home equity. Whether you're funding renovations or consolidating debt, you'll gain clarity on which option offers the flexibility, stability, or risk profile that aligns with your financial goals. Read along with the original article(s) here: https://www.goodfinancialcents.com/should-you-do-a-heloc-or-a-second-mortgage/ Quotes to ponder: "A home equity line of credit is a revolving line of credit that allows you to tap into the equity you’ve built in your property." "If you know exactly how much money you will need, for something like debt consolidation or to contribute to a child’s college education, a lump sum can be helpful." "You are using your ownership in your home as collateral, and you could lose your house if you fall behind in your payments." Episode references: IRS - Home Mortgage Interest Deduction: https://www.irs.gov/publications/p936 Figure: https://www.figure.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3232: Jackie Beck challenges the automatic habit of borrowing by offering five empowering alternatives that help break the debt cycle. From delaying non-essential purchases to creatively earning more and asking the right questions, she encourages listeners to reclaim financial control and reduce stress by spending only what they already have. Read along with the original article(s) here: https://www.jackiebeck.com/alternatives-to-loans-5-options/ Quotes to ponder: “Many of the things we think we ‘have’ to borrow money for aren’t true ‘must haves’. They’re just things we’d really, REALLY prefer to have or are used to having.” “The way to do things without borrowing money is to have the cash available. Cash flowing things is the biggest alternative to taking out a loan there is.” “Actively seeking out ways to avoid loans (especially payday loans!) can completely change your life.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3231: J. Money shares six unconventional yet powerful ways to supercharge your savings by tweaking everyday habits, like rounding up payments, banking “spavings,” and doing no-spend challenges. These bite-sized strategies not only build wealth steadily but also help reshape your mindset around money, time, and self-discipline. Read along with the original article(s) here: https://budgetsaresexy.com/6-ways-to-turbocharge-your-savings/ Quotes to ponder: "Whatever your monthly payment is, just round up to the nearest $10th and kill off a little extra debt without even noticing it!" "You might not have paid full price for the item, but you’re still very much spending money vs saving since nothing actually went INTO your savings account!" "The idea is to spend only on the necessities of life for a month, and then resist from spending money on the 'wants.'" Episode references: 75 Hard Challenge: https://andyfrisella.com/pages/75hard-info Acorns App: https://www.acorns.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3230: Steve Pavlina reframes passive income not as laziness, but as generosity, delivering value to more people without repeatedly doing the work. By scaling your value delivery, you can earn income multiple times from the same effort, creating freedom and greater impact. Read along with the original article(s) here: https://stevepavlina.com/blog/2012/05/you-earn-passive-income-by-being-more-generous/ Quotes to ponder: "With a passive income method, your work product is delivered multiple times, and you get paid multiple times." "A person with a job is just a business owner who sells to only one customer." "Society doesn’t care how hard you work. It doesn’t care how creative you are. It only cares about the value you’re actually getting into people’s hands." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3229: Julien Saunders challenges readers to reassess their loyalty to early financial role models, especially as their financial knowledge and life experiences evolve. He explores how outgrowing your "financial hero" can be a necessary step toward achieving deeper, more personalized success and freedom with money. Read along with the original article(s) here: https://richandregular.com/have-you-outgrown-your-financial-hero/ Quotes to ponder: "One of the most valuable but often overlooked parts of growing financially is letting go of the people who helped you get started." "You may not be their target audience anymore, and that’s okay." "They helped you build the muscle, but you have to decide how and when to use it." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 I Will Teach You To Be Rich: https://www.amazon.com/Will-Teach-You-Be-Rich/dp/1523505745 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

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 3228: Jessica from The Fioneers shares practical strategies to strengthen your salary negotiations, including how to leverage research and non-salary benefits to craft a compelling ask. Her guidance empowers you to advocate confidently, establish long-term professional boundaries, and set the tone for open, value-driven conversations with future employers. Read along with the original article(s) here: https://thefioneers.com/negotiate-salary/ Quotes to ponder: "From the data, I could see that you generally pay at around the 75th percentile in the ranges for various roles. That is incredible. I’m excited to work for an organization that invests so much in its talent." "If you negotiate, you will hopefully receive a higher starting salary. That is the expected benefit." "It gives you the reputation right away that you are not a pushover. People will expect you to advocate for what you want and set boundaries." Episode references: Payscale: https://www.payscale.com IRS 990 Forms (via Guidestar): https://www.guidestar.org Salary.com: https://www.salary.com Glassdoor: https://www.glassdoor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3227: Jessica of The Fioneers reveals how job candidates can flip the script and confidently negotiate higher starting salaries by understanding how much leverage they truly have. Drawing on her experience in HR, she explains why companies expect negotiation, how much hiring really costs, and why a well-prepared candidate has more power than they might think. Read along with the original article(s) here: https://thefioneers.com/negotiate-salary/ Quotes to ponder: "Negotiating is not pushy. Negotiation is part of the game." "If the company is making you an offer, they want to hire YOU to work there." "The better trade-off is usually to give the candidate more money." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3226: Lisa Aberle offers a thoughtful look at how shifting finances can subtly, or not so subtly, affect your closest relationships. With heartfelt honesty, she unpacks emotions like jealousy and guilt while sharing practical strategies for preserving connection, deepening trust, and navigating tough conversations with grace. Read along with the original article(s) here: https://www.getrichslowly.org/how-to-navigate-relationships-as-your-finances-change/ Quotes to ponder: "That's what comparison does to people, folks. It helps NO ONE." "If you want to preserve your friendships, keep the lines of communication open." "Be the person you want your friends to be." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3225: Amanda Brownlow breaks down how simplifying your finances through a minimalist budget can reduce stress, increase savings, and help you reach your goals faster. With clear steps like defining essential expenses, building an emergency fund, and cutting non-essentials, this approach promotes mindful money management without overwhelming spreadsheets or unrealistic expectations. Read along with the original article(s) here: https://hellobrownlow.com/2020/07/21/minimalist-budget/ Quotes to ponder: "A minimalist budget is simple. Seriously, that’s it." "Part of being a minimalist is wanting fewer things." "You don’t need to stockpile toilet paper to be prepared for an emergency to come your way." Episode references: You Need a Budget: https://www.youneedabudget.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3224: Sam challenges the assumption that financial independence eliminates the need for life insurance, offering seven compelling reasons to maintain or purchase a policy, even when you can self-insure. From estate liquidity to tax efficiency and protecting future dependents, he outlines how the peace of mind life insurance brings often outweighs the cost, especially for those with families or complex asset portfolios. Read along with the original article(s) here: https://www.financialsamurai.com/get-life-insurance-financially-independent-can-self-insure/ Quotes to ponder: "You may leave behind stocks, bonds, real estate, fine art, and collectibles, but they require an extra step to become liquid." "If you think you’ve got a greater chance of dying before the term limit is up, then life insurance becomes a better deal." "Providing peace of mind to your loved ones is a major reason why people buy life insurance." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3223: Kalen Bruce outlines four essential types of insurance that can shield you from life’s financial surprises: health, personal liability, auto, and life. With practical examples and eye-opening statistics, he makes a compelling case for proactive planning to avoid devastating costs and protect your family’s future. Read along with the original article(s) here: https://moneyminiblog.com/insurance/types-of-insurance/ Quotes to ponder: "Even if the coverage amount is high, many of the life-threatening diseases like cancer, AIDS, etc. are rarely covered." "There is a high chance that you may face a lawsuit in your life yourself." "If your car is damaged in an accident and you have no insurance cover, then you have to bear all the repairing costs yourself which can be huge." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3222: Sean Mullaney offers four strategic approaches to reduce your exposure to inflation, including savvy tax planning, leveraging low-interest debt, maximizing travel rewards, and making spending choices that minimize future costs. With a unique lens on how current decisions shape future financial burdens, he encourages a balanced mix of retirement accounts and intentional living to stay ahead of inflation’s bite. Read along with the original article(s) here: https://fitaxguy.com/2022/06/ Quotes to ponder: "Getting money into Roths and HSAs excuses future growth from taxation, including growth attributable to inflation." "Inflationary environments are great for debtors, particularly those debtors who have locked in a low interest rate for a long term." "You can use today’s spending to reduce your exposure to future inflation." Episode references: Camp FI: https://campfi.org/ Mark’s Money Mind: https://marksmoneymind.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3221: Andrea Joy reflects on how a routine ATM visit stirred emotional memories of her past financial struggles, reminding her of the deep connection between money and self-worth. Her heartfelt insights offer encouragement to anyone navigating financial hardship, emphasizing that change is possible and that emotional awareness is key to sustainable progress. Read along with the original article(s) here: https://savingjoyfully.com/blog/remembering-the-emotional-impact-of-your-finances Quotes to ponder: "I was that young woman again and I was right back where I used to be." "Don’t let your financial situation control your emotions, and even more importantly, don’t let your emotions manage your financial life." "Each time I am faced with moments like this one, I am reminded that overcoming financial struggles is always possible, even when I may feel hopeless." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3220: Michelle Schroeder-Gardner emphasizes five key strategies to strengthen your financial foundation, paying off high-interest debt, holding regular family money meetings, diversifying your income, saving for retirement, and tracking your money. These practical steps not only reduce stress but also empower you to make informed decisions, align your household around shared goals, and build long-term financial freedom. Read along with the original article(s) here: https://www.makingsenseofcents.com/2021/07/financial-success.html Quotes to ponder: "High-interest rate debt simply becomes more and more difficult to pay off over time as those interest charges build and build and become unmanageable." "Having regular money talks with your family usually means increased communication between partners, a unified financial goal, partners being more involved, and so on." "Even if you think that you love your job and will want to work forever, you never know what the future may bring." Episode references: Wealthfront: https://www.wealthfront.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3219: Michelle Schroeder-Gardner shares empowering strategies to help you redefine and pursue your version of financial success, whether that means eliminating debt, reducing money stress, or building long-term security. Learn how key habits like emergency saving, intentional spending, and clarifying your financial goals can lay the foundation for true freedom and peace of mind. Read along with the original article(s) here: https://www.makingsenseofcents.com/2021/07/financial-success.html Quotes to ponder: "Feeling financially free is when you are able to live life without worrying about money." "An emergency fund is one of the most important things you can start off with if you want to take control of your financial life." "If you are spending more than you earn, you will be digging yourself deeper and deeper into a hole." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3218: Leo Babauta explores how simple tea rituals can become grounding daily anchors that cultivate mindfulness and calm. By infusing intentionality into small acts like preparing and drinking tea, we can create sacred space amid chaos and deepen our connection to the present moment. Read along with the original article(s) here: http://zenhabits.net/tea-rituals Quotes to ponder: "A tea ritual can be a moment of peace, mindfulness, quiet, solitude." "It’s a time to be present with yourself and your environment, and not rush to the next thing." "The tea ritual is a simple act, but it can transform your day." Episode references: The Book of Tea: https://www.amazon.com/Book-Tea-Okakura-Kakuzo/dp/0486200701 Zen Mind, Beginner's Mind: https://www.amazon.com/Zen-Mind-Beginners-Shunryu-Suzuki/dp/1590302672 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3217: Chris from Keep Thrifty explores how our emotional relationship with money evolves through three distinct phases: stress, excitement, and indifference. By shifting your mindset from scarcity to self-awareness, you can stop letting money control your choices and instead use it as a tool to design a life aligned with your values. Read along with the original article(s) here: https://www.keepthrifty.com/2017/04/17/three-phases-money-feelings/ Quotes to ponder: "Money stress is a destroyer of marriages, health, and happiness." "The biggest risk of money excitement is viewing money as the goal instead of a goal enabler." "The ultimate state we can hope to achieve is to eliminate money as a factor in our decision-making." Episode references: High income and happiness study by Kahneman & Deaton: https://www.pnas.org/content/107/38/16489 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3216: Mr. Finer shares a refreshingly simple, mistake-proof roadmap to investing, starting with overlooked essentials like emergency funds, debt repayment, and free money from employers and governments. His four-step strategy helps you reduce risk, maximize returns, and avoid common traps that sabotage beginner investors. Read along with the original article(s) here: https://mrfiner.com/how-to-start-investing-simple-four-step-investing-for-beginners-guide/ Quotes to ponder: "Investing without having an emergency fund is like driving without seatbelts." "There is such a thing as free lunch; you just have to read your employer benefits document!" "Saving 30% in taxes is much easier and also much better than earning 30% in stocks." Episode references: I Bonds (U.S. Treasury): https://www.treasurydirect.gov/savings-bonds/i-bonds/ IRS - Retirement Topics 401(k) Contribution Limits: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits HSA (Health Savings Account) Overview: https://www.healthcare.gov/glossary/health-savings-account-hsa/ Federal Student Aid - Income-Driven Repayment Plans: https://studentaid.gov/manage-loans/repayment/plans/income-driven 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

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 3215: James Altucher reveals how losing everything, multiple times, taught him that wealth isn't about money, but about habits that support your physical, emotional, mental, and spiritual health. By practicing small, daily improvements and cultivating gratitude, creativity, and resilience, he rebuilt his life and offers a powerful, firsthand blueprint for true wealth. Read along with the original article(s) here: https://jamesaltucher.com/blog/habits-wealthy-people/ Quotes to ponder: "Money doesn’t make you better. It doesn’t really increase your freedom. It doesn’t make you more lovable. It just magnifies what is already inside of you." "I TRY TO IMPROVE 1% EACH DAY ON: Physical Health, Emotional Health, Mental Health, Spiritual Health." "Never, NEVER, blame someone else for your misfortune. That’s similar to out-sourcing your self-esteem to someone else." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3214: Wanderer challenges the conventional wisdom of using debt to invest, especially when buying a home. Drawing on lessons from the 2008 financial crisis, he argues that paying cash for a modest house can safeguard your portfolio, protect you from forced asset sales during downturns, and help avoid overextending on housing costs. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-39-investing-debt/ Quotes to ponder: "Home equity is dead money. And it will remain dead money that you can’t access until you sell the damned house." "When financial companies run into trouble, it’s entirely in their right to call whatever debt they have and force you to pay it off immediately." "That’s why I’d pay with cash. It avoids debt which would force you to sell your portfolio at a loss if a crisis happens, and it keeps you from buying too much house." Episode references: Root of Good: https://rootofgood.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3213: Emily Guy Birken breaks down the intimidating world of mutual fund prospectuses into manageable parts, empowering investors to make smarter, fee-conscious decisions. From understanding investment strategy alignment to spotting hidden costs, this guide helps demystify the fine print that can make or break your portfolio. Read along with the original article(s) here: https://ptmoney.com/mutual-fund-prospectus/ Quotes to ponder: "A prospectus is a document that provides investors with information about the investments that make up the mutual fund, as well as other details of the company’s business." "You will often see two tables: one that compares the returns of fund in question to the 1-, 5-, and 10-year returns of index funds and one that shows the annual or quarterly returns for the past 10 or so years." "According to his estimate, a 100% turnover adds another full 1% to the cost of a fund." Episode references: Kiplinger: https://www.kiplinger.com Investopedia: https://www.investopedia.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3212: Robert Farrington tackles the widespread fear of losing everything in the stock market and explains why that scenario is incredibly rare with the right approach. Backed by historical data and practical strategies like diversification, emergency savings, and knowing your investment timeline, this post empowers hesitant investors to start building wealth with confidence. Read along with the original article(s) here: https://thecollegeinvestor.com/16569/you-wont-lose-all-your-money-investing-if-you-take-this-advice/ Quotes to ponder: "My biggest fear right now that is holding me back from investing is the possibility of losing the little money that I have." "The point is, you have to be completely amiss to lose all your money investing." "If the stock market does crash and you lose 50% of your portfolio, your 6 month emergency fund just became a 3 month emergency fund." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3211: Jacob Lund Fisker dismantles the traditional life script of debt-fueled consumption and lifelong employment, exposing how it traps individuals in a cycle of dependency. He proposes a radically different path, front-loading effort, and embracing frugality early, to gain the freedom and flexibility to explore life on your own terms. Read along with the original article(s) here: http://earlyretirementextreme.com/stranger-in-a-strange-land.html Quotes to ponder: "If you have debt, you are not a free person. You are explicitly owned by your debt and implicitly owned by the creditor." "Your twenties is a good time to make sacrifices. Most likely, this will be the healthiest time of your life." "Now is the time to explore things that are meaningful to you. Travel. Work in another country. Try a different career." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3210: Vironika Tugaleva offers a transformative perspective on the relationship between self-discovery and self-respect, urging readers to embrace their whole selves, including the parts they’ve hidden or judged. Her reflections challenge the idea that self-improvement starts with shame, proposing instead that true change begins with unconditional self-acceptance. Read along with the original article(s) here: https://www.vironika.org/self-discovery-self-respect/ Quotes to ponder: "Self-respect isn’t something you earn by becoming a better person. It’s something you discover when you realize you were worthy all along." "To reject who you are is to reject your own humanity." "You can’t hate yourself into change. You can’t reject yourself into growth. That’s not how it works." Episode references: The Untethered Soul: https://www.amazon.com/Untethered-Soul-Journey-Beyond-Yourself/dp/1572245379 The Mastery of Love: https://www.amazon.com/Mastery-Love-Practical-Relationship-Toltec/dp/1878424424 The Gifts of Imperfection: https://www.amazon.com/Gifts-Imperfection-Think-Supposed-Embrace/dp/159285849X Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3209: Tania Brown breaks down four major warning signs that can signal an annuity might not be in your best interest, from high-pressure sales tactics to advisors downplaying the risks. This eye-opening piece empowers listeners to better protect their retirement money and make more informed decisions when navigating complex annuity options. Read along with the original article(s) here: https://www.financialfinesse.com/2019/01/25/4-red-flags-to-watch-out-for-before-buying-an-annuity/ Quotes to ponder: "Once you sign, no matter what you thought you were getting, you are pretty much stuck with the annuity." "There is an inherent trust people have in anyone presenting himself or herself as a financial professional." "No matter how good an investment is, there are always risks." Episode references: State Insurance Department Directory: https://content.naic.org/state-insurance-departments Broker Check: https://brokercheck.finra.org Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3208: Craig Stephens reflects on the tension between staying self-employed and returning to full-time work, balancing financial responsibility with the desire for autonomy. His honest exploration of fears, healthcare costs, shrinking savings, and the limits of side income contrasts with the freedom and fulfillment he’s found in family time and entrepreneurial efforts. His story offers clarity and comfort to anyone questioning the traditional 9-to-5 path. Read along with the original article(s) here: https://www.retirebeforedad.com/dont-go-back-to-work/ Quotes to ponder: "I'm home every day. I make breakfast for the kids and take them to school. I go to the gym when I feel like it." "Going back to full-time work, in a way, says that I can’t make enough money as an entrepreneur." "But the most painful aspect of full-time work is the loss of control of my time." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3207: ESI explores the idea of “moderate and selective frugality,” contrasting it with the extreme frugality of the Amish as described in Money Secrets of the Amish. He emphasizes seeking value over the lowest price, spending intentionally on what brings joy, and balancing frugality with a focus on growing income. This thoughtful approach encourages financial freedom while still enjoying life’s pleasures. Read along with the original article(s) here: https://esimoney.com/moderate-and-selective-frugality/ Quotes to ponder: "Use it up, wear it out, make do or do without." "Moderate means that I like to be frugal to a point, but I won’t go so far as to buy something cheap simply because it’s the best price." "Feeling gratitude for our ability to pay for things vs being bitter over money spent is a great sign that we are evolving in our relationship with money." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3206: Many credit cards promise rewards and flexibility, but as Kumiko warns, certain types can trap you in debt and threaten your financial security. From deferred interest schemes to credit cards secured by your home or bank account, these offers often prey on vulnerable consumers. Learn how to spot these dangers and protect your financial future. Read along with the original article(s) here: https://www.thebudgetmom.com/types-of-credit-cards-you-need-to-avoid/ Quotes to ponder: "If you think there is even a slight chance you can't pay off the entire balance by the end of the promotional period, you need to avoid a deferred interest credit card." "Home secured credit cards are always a bad idea. The potential consequence of not making payments is the loss of your family's shelter, which is a necessity." Episode references: Debt.org on predatory lending: https://www.debt.org/credit/predatory-lending/ Consumer Financial Protection Bureau: https://www.consumerfinance.gov/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3205: Your credit score plays a crucial role in securing loans, housing, and favorable interest rates, but not all credit inquiries affect it the same way. Miranda Marquit explains the difference between harmless soft inquiries and the minor impact of hard inquiries, offering practical tips to protect your score while shopping for the best financial deals. Learn how understanding these distinctions can help you make smarter credit decisions without unnecessary stress. Read along with the original article(s) here:⁠ https://www.goodfinancialcents.com/will-credit-inquiries-hurt-your-credit-score/ Quotes to ponder: “Only the hard inquiry is damaging to your credit score.” “For the most part, if you are responsible with your money and credit decisions, make payments on time, and avoid applying for a great deal of debt, credit inquiries are unlikely to have a large impact on your credit score.” “Don’t let a credit pull keep you from shopping around for lower rates.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3204: Buying a condo may seem like an affordable entry into real estate investing, but Christina Browning highlights the hidden challenges from unpredictable HOA fees and changing rental rules to deferred maintenance and limited flexibility that can jeopardize your financial independence plans. This eye-opening guide helps investors understand the risks behind the lower price tag, so they can make smarter, more resilient property decisions. Listen in to gain clarity on whether a condo truly aligns with your long-term wealth-building goals. Read along with the original article(s) here: https://www.ourrichjourney.com/post/are-condos-a-bad-real-estate-investment-for-financial-independence Quotes to ponder: "Rules can change. These changes could include all sorts of intrusive things, like prohibiting a certain percentage of renters in the condominium or barring you from running your condo as an Airbnb." "If other condo owners aren’t paying their HOA fees, this is going to impact the property. It can affect the resale of your home." "Compared to single-family homes, condominiums typically drop in price first. Not only that, but the prices of condos generally take longer to recover." Episode references: Rethink the Rat Race: https://rethinktheratrace.com The National Association of Realtors: https://www.nar.realtor Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3203: Darrow Kirkpatrick shares how a low-effort, disciplined rebalancing approach can help investors stay steady during market volatility while avoiding emotional mistakes. His rules emphasize simplicity, tax efficiency, and letting natural portfolio flows do the work, a strategy that helped him retire securely at 50. Discover how “benign neglect” can protect your portfolio while supporting long-term success. Read along with the original article(s) here: https://www.caniretireyet.com/how-i-rebalanced-through-perilous-times/ Quotes to ponder: "Benign neglect, bordering on sloth, remains the hallmark of our investment process." "If you decide never to rebalance, it’s good to know there is ample evidence and authority to be confident about inaction, especially in taxable accounts." "My biggest investing mistakes were not selling hugely successful and over weighted positions which later reverted to more average values." Episode references: Vanguard Balanced Index Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vbiax Vanguard LifeStrategy Moderate Growth Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vsmgx Vanguard Wellesley Income Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vwiax Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3202: Planning a memorable wedding on a modest budget is possible, and Jen Hayes shares practical strategies to make it happen. From choosing buffets or lunch receptions to skipping costly champagne pours and considering limited host bars, these tips can help you cut thousands from your food and alcohol costs while still hosting a celebration your guests will enjoy. Read along with the original article(s) here: https://www.jenhayes.me//frugal-wedding-7-ways-save-food-alcohol/ Quotes to ponder: "Buffets are typically less expensive, and they allow guests to take as much food (or as little) as they would like." "When we realized a champagne pour was not included in our wedding package and would’ve been an additional $700 (at least), we decided to skip it." "You can host the bar for a certain amount of time (for example, for the first hour or two of the reception) or up to a certain dollar amount." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3201: Jackie Beck reveals how making only minimum debt payments can silently trap you in a cycle of stress, limited freedom, and financial dependency. By recognizing your “Freedom Number” and intentionally paying down debt, you can reclaim your time, energy, and ultimately, your life. Read along with the original article(s) here: https://www.jackiebeck.com/the-minimum-payment-trap/ Quotes to ponder: "You owe, you owe, so off to work you go." "When the money you’ve got coming in is already promised to someone else, you feel like you have no choice but to keep working to pay for the things you have." "It takes time to get out of debt, but it’s completely possible." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3200: Vitaliy Katsenelson challenges the simplistic notion that value investing is about buying only the cheapest stocks. Drawing on insights from Ben Graham, Charlie Munger, and Warren Buffett, he reveals that true value lies not just in low prices but in the blend of quality, growth, and sound judgment proving that a Motel 6 mindset won't build a Berkshire Hathaway-sized portfolio. Read along with the original article(s) here: https://contrarianedge.com/values-value-investing/ Quotes to ponder: "I thought value investors were supposed to like cheap stuff." "A $36-a-night room at Motel 6 by the airport, overrun by cockroaches and bedbugs and with questionable plumbing, may be statistically cheap, but it’s not a bargain." "Charlie is not a ‘sidekick’! Charlie changed Buffett’s investment philosophy. Sidekicks don’t do that." Episode references: The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3199: Tania Brown lays out a practical, empowering path to financial freedom through seven foundational steps, from building a strong emergency fund to establishing an estate plan. Her guidance emphasizes self-reliance, smart tax strategies, and intentional investing to reduce money-related stress and secure long-term independence. Read along with the original article(s) here: https://www.financialfinesse.com/2017/07/04/7-steps-to-your-financial-independence-day-2/ Quotes to ponder: "A well-funded emergency fund is the first step to a worry-free financial life." "Borrowing money at a high interest rate is a form of voluntary slavery." "Financial independence comes from self reliance." Episode references: LegalZoom: https://www.legalzoom.com IRS Withholding Calculator: https://www.irs.gov/individuals/tax-withholding-estimator Nolo: https://www.nolo.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3198: J.L. Collins reveals the psychological traps that cause most investors to lose money in the stock market, despite its long-term upward trend. From panic selling to the illusion of stock-picking skill, he outlines how emotional decisions, media noise, and overconfidence sabotage returns and why the smartest move is often the simplest: stay the course with index funds. Read along with the original article(s) here: https://jlcollinsnh.com/2012/04/25/stocks-part-iii-most-people-lose-money-in-the-market/ Quotes to ponder: "We are psychologically unsuited to prosper in a volatile market." "Even slightly beating the Index year after year is vanishingly difficult." "It is the beer that is the real, operating, money making underlying businesses beneath all that foam and froth that relentlessly drives the market ever higher." Episode references: The Psychology of Money: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3197: Gordon Stein explores how frequently checking your investments can sabotage long-term gains by feeding into emotional decision-making. With compelling analogies and practical advice, he highlights why a disciplined, low-intervention approach anchored in diversification and quarterly rebalancing is the key to wealth-building without stress. Quotes to ponder: "Good investing should be boring over the short term." "If the factory is set up properly in the first place, there isn’t much to watch and even less to tweak and change." "Over the long haul, markets rise by about 8% a year. On any given day or week, they could be up or down, there is no meaning in that." Episode references: Accenture 20-year stock chart (Yahoo Finance): https://finance.yahoo.com/quote/ACN/history Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3196: Chris Reining explores how behavioral biases like the endowment effect and loss aversion distort investment decisions, often leading us to cling to poor choices out of fear or attachment. By asking a single powerful question, “Would I buy this today?” investors can cut through emotional baggage and make clearer, smarter decisions that optimize their portfolios. Read along with the original article(s) here: https://chrisreining.com/buy-it-now/ Quotes to ponder: “If I didn’t own this stock or bond today, would I still buy it now?” “Investments don’t care what price you paid.” “Anytime you don’t sell, you buy.” Episode references: Stumbling on Happiness: https://www.amazon.com/Stumbling-Happiness-Daniel-Gilbert/dp/1400077427 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3195: Steve Pavlina offers a powerful mindset shift with a small but meaningful challenge: spend a little money on something you genuinely desire but usually deny yourself. This intentional act helps break free from scarcity thinking and nurtures a more joyful, abundant relationship with money, opening the door to unexpected returns and a deeper sense of financial flow. Read along with the original article(s) here: https://www.stevepavlina.com/blog/2018/06/a-simple-abundance-mini-challenge/ Quotes to ponder: "Spending money is part of your relationship with money." "Buy it with a desire to lean into a more positive relationship with money." "Money is a bit shy in that way. But when money sees that we like it and appreciate it, it tends to let its guard down and play back at us." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3194: Leo Babauta explores the emotional roots of overeating and reveals how mindful awareness can transform compulsive eating into a more conscious, peaceful relationship with food. By identifying patterns of stress, distraction, and self-judgment, he offers simple yet powerful steps toward healing and self-acceptance. Read along with the original article(s) here: https://zenhabits.net/foodaholic/ Quotes to ponder: "I was eating for comfort, for stress relief, for distraction, out of habit." "When I’m fully present, there is peace. There’s no need to escape." "With awareness, we can interrupt the cycle and choose something new." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3193: Jessica Strull explores how investing in your professional development can directly improve your financial well-being, from earning more money to unlocking new job opportunities and income streams. Beyond the paycheck, continual learning sharpens your thinking, expands your network, and even opens doors to career changes that align better with your values and passions. Read along with the original article(s) here: https://womenwhomoney.com/continual-professional-development-benefits-finances/ Quotes to ponder: "Earning a degree or completing a training program can boost your income by qualifying you for a raise in your current position or getting you promoted." "You never know when you’ll catch the eye of a recruiter or hiring manager who’s looking for the very skills you’ve just learned." "Learning about unrelated fields you’re passionate about, can be useful for your career progression, too." Episode references: The End of Education by Neil Postman: https://www.amazon.com/End-Education-Redefining-Value-School/dp/0679750312 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3192: David Baughier lays out seven powerful reasons to bring a financial coach into your life from receiving unbiased advice and tailored strategies to building better habits and staying accountable. If you’ve struggled with debt, financial anxiety, or simply want to reach your money goals faster, this practical breakdown shows how coaching could be the missing piece. Read along with the original article(s) here: https://www.fiology.com/financial-coaching/ Quotes to ponder: "A financial coach is going to be able to give you the best advice based on your needs." "A financial coach will be able to tailor a custom financial plan to each person’s individual situation." "A financial coach will also help you stay on the right path when it comes to paying down your debt, saving money on a regular basis, and maintaining your budget." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Mr. Money Mustache: https://www.mrmoneymustache.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3191: FIRECracker shares a powerful personal story about walking away from a corporate career, facing the grip of fear, and finding unexpected freedom through financial independence and a globally diversified portfolio. Her journey proves that with smart planning, it’s possible not only to survive but to thrive, traveling the world, living richly on less, and watching your net worth grow along the way. Read along with the original article(s) here: https://www.millennial-revolution.com/freedom/fear-will-hold-prisoner-balanced-diversified-portfolio-will-set-free/ Quotes to ponder: "Fear traps us. Fear holds us prisoner." "We would’ve never seen the sunset, stopped to smell the roses, and fallen head-over-heels in love with this awesome planet we call home." "So somehow we MADE money! While travelling the world!" Episode references: Mr. Money Mustache blog: https://www.mrmoneymustache.com/ Mark Twain quote (Explore. Dream. Discover.): https://www.goodreads.com/quotes/2292-twenty-years-from-now-you-will-be-more-disappointed-by The Shawshank Redemption: https://www.imdb.com/title/tt0111161/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3190: Jen Hayes challenges the conventional wisdom of rushing to pay off your mortgage, emphasizing that financial decisions should align with individual circumstances. By comparing real-life examples and outlining when early repayment may not be ideal, she encourages a more flexible and personalized approach to financial freedom. Read along with the original article(s) here: https://www.jenhayes.me/why-you-shouldnt-pay-off-your-mortgage-early/ Quotes to ponder: "Paying $54,000 is a much better deal than paying $100,000 (plus interest)!" "Is it worth it to pay off your $200,000 mortgage in five years if you’re behind on retirement saving and you’re tired of being frugal?" "You could, for example, pay off your mortgage over 10 or 12 years instead of 5 or 15." Episode references: The Baby Steps (Dave Ramsey): https://www.ramseysolutions.com/dave-ramsey-7-baby-steps Risk Parity Radio: https://www.riskparityradio.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3189: Renee Benes shares a no-nonsense approach to buying a used car that balances practicality, cost savings, and reliability. From understanding the true cost of ownership to negotiating smarter and prioritizing must-haves, this guide helps frugal buyers navigate the used car market with clarity and confidence. Read along with the original article(s) here: https://www.thefunsizedlife.com/used-car/ Quotes to ponder: "You know a used car performs much like a brand-new car." "Truly frugal people would think about the car’s fuel efficiency." "You will probably need to compromise on some of your must-haves." Episode references: Gabi Insurance Comparison Tool: https://www.gabi.com Kelley Blue Book (used car pricing): https://www.kbb.com NADA Guides (car valuation): https://www.nadaguides.com Edmunds Car Value Tool: https://www.edmunds.com/appraisal/ Endurance Warranty Reviews: https://www.endurancewarranty.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3188: Christine Luken dismantles common personal finance myths with empathy and clarity, showing how rigid budgets, cookie-cutter formulas, and willpower-based advice often backfire. Instead, she offers empowering alternatives like Prosperity Plans, emotional spending awareness, and habit-based strategies to help you transform your money mindset without shame or sacrifice. Read along with the original article(s) here: https://www.christineluken.com/4-lies-money-gurus-tell-you/ Quotes to ponder: "You don’t need a budget, BUT you do need a plan, a Prosperity Plan." "Money management really isn’t about math; it’s emotional!" "The payment method is rarely the problem." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3187: Paula Pant unpacks the surprising realities behind auto loans and credit scores, showing why taking on debt just to improve your credit can backfire. With clear insights into how credit scores are calculated, she explains smarter, debt-free ways to boost your score without falling into the trap of unnecessary borrowing. Read along with the original article(s) here: https://affordanything.com/will-getting-car-loan-improve-credit-score-heck/ Quotes to ponder: "Debt should be used to solve problems, not to game a number." "The credit score was never designed to be a symbol of financial success." "A credit score is a measure of how good you are at managing borrowed money, not how wealthy or financially responsible you are." Episode references: Annual Credit Report: https://www.annualcreditreport.com/index.action Consumer Financial Protection Bureau - Understanding credit scores: https://www.consumerfinance.gov/ask-cfpb/what-is-a-credit-score-en-315/ MyFICO: https://www.myfico.com/credit-education/credit-scores Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3186: Nick Maggiulli explores how the relentless pursuit of optimization, whether in finances, health, or daily decisions, can lead us astray from what truly matters. Using the Iowa Gambling Task as a metaphor, he reveals how life’s value often lies in its uncertainty and imperfections, urging us to prioritize meaningful progress over marginal gains. Read along with the original article(s) here: https://ofdollarsanddata.com/why-you-shouldnt-optimize-your-life/ Quotes to ponder: "Once you remove the uncertainties of life, you can almost always find a better option that you could have chosen instead." "It’s optimization all the way down." "You start to live the life of a stranger. You eat the food of someone else, wear the clothes of not-you with kids that are more attached to their nanny than to you." Episode references: Iowa Gambling Task (Wikipedia): https://en.wikipedia.org/wiki/Iowa_gambling_task Ramit Sethi - I Will Teach You To Be Rich: https://www.iwillteachyoutoberich.com The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3185: Michelle Schroeder-Gardner offers a practical and empowering roadmap for anyone overwhelmed by unpaid bills, emphasizing proactive steps like organizing finances, contacting creditors, and increasing income. Her guidance helps listeners reduce anxiety, avoid damaging financial consequences, and take control of their money with clarity and confidence. Read along with the original article(s) here: https://www.makingsenseofcents.com/2016/02/what-to-do-when-you-cant-pay-your-bills.html Quotes to ponder: "By facing the problem, you will be able to dig yourself out of debt, get rid of late bills, and have a better grasp of your financial situation." "You won’t know what they can do for you until you ask." "My recommendation for the best way to pay your past bills is to work on making more money." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3184: Tynan explores the power of being unapologetically polarizing in a world that often rewards conformity. By standing firmly for your values and making deliberate, even controversial choices, you not only attract like-minded people but also unlock deeper authenticity, trust, and success. Read along with the original article(s) here: http://tynan.com/polarizing Quotes to ponder: "Being polarizing means making your beliefs, preferences, and personality clear enough that people can decide whether or not they align with you." "When you're polarizing, you're broadcasting that you stand for something and that you have the confidence to express it, even if others disagree." "If someone disagrees with something about me, I’d much rather that be clear so that we can both move on with our lives." Episode references: How to Win Friends and Influence People: https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034 The War of Art: https://www.amazon.com/War-Art-Steven-Pressfield/dp/1936891026 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3183: Kalen Bruce outlines how seller financing allows real estate investors to earn steady income without the headaches of being a landlord and offers an alternative path to homeownership for buyers struggling to secure traditional loans. By cutting out banks, both parties gain flexibility, but not without added risks like buyer default or balloon payments that require thoughtful planning. Read along with the original article(s) here: https://moneyminiblog.com/make-money/seller-financing-real-estate/ Quotes to ponder: "Seller financing is great for buyers and sellers." "You are essentially a landlord that doesn’t have to worry about repairs and maintenance issues." "Your interest rate will be based on several things, including your perceived risk level." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3182: Julien and Kiersten Saunders break down how they'd thoughtfully deploy a $1 million windfall, blending financial independence with generosity and smart investing. Their approach offers a grounded roadmap for anyone navigating sudden wealth, with a mix of practical financial moves, community uplift, and modest lifestyle upgrades. Read along with the original article(s) here: https://richandregular.com/9-things-we-would-do-if-we-won-a-million-dollars-tomorrow/ Quotes to ponder: "Pre-paying bills for a year gives you the capacity to focus on your business without having to 'think' about paying bills." "We believe in small businesses, digital entrepreneurs, content creators, and micro-enterprises." "Nothing fancy, just good old-fashioned putting that money to work, planting seeds for the future, solving problems with a small side of splurge." Episode references: Vanguard VTSAX Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3181: Liz from FrugalWoods explores how small frugal habits, like DIY haircuts, trigger a compounding effect that goes beyond money, boosting self-reliance, deepening relationships, and even saving time. Her take on frugality reveals how insourcing everyday tasks can lead to long-term freedom, personal growth, and a stronger sense of capability. Read along with the original article(s) here: https://www.frugalwoods.com/2016/06/27/frugality-is-a-compounding-game/ Quotes to ponder: "We’ve saved a combined $2,688 thus far, and will continue to save $1,032 every single year." "Realizing that we’re capable of doing things ourselves opened a door for Mr. FW and me to start performing tons of tasks on our own." "Rather than trying to stretch out the time between haircuts or use coupons or hunt down discounts, we simply removed this expense wholesale." Episode references: EconoMe Conference: https://economeconference.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3180: Liz of Frugalwoods lays out a powerful mindset shift: frugality isn’t about deprivation, it’s about compounding small, consistent choices into lasting financial freedom. Through relatable examples like DIY haircuts and slashing repeated monthly expenses, she shows how simplifying life can actually multiply your long-term wealth and happiness. Read along with the original article(s) here: https://www.frugalwoods.com/2016/06/27/frugality-is-a-compounding-game/ Quotes to ponder: "Frugality is a compounding game. Or more accurately, money is a compounding game: either it compounds in your favor if you’re saving and investing, or it compounds to your detriment in the case of debt." "We are what we repeatedly buy. And our ultimate financial destiny is enshrined in the spending decisions we make on a daily basis." "Hair will grow back; your money won’t." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3179: ESI reveals the unsettling truth behind many so-called financial advisors, showing how little expertise some bring to the table, and how much it could cost you. With real-world locker room eavesdropping and a compelling breakdown of AUM fees, this piece empowers you to take charge of your own finances and avoid being sold instead of served. Read along with the original article(s) here: https://esimoney.com/financial-locker-room-talk/ Quotes to ponder: "It’s really a sales job more than anything." "They call me a financial advisor because it sounds better but I’m really mostly an insurance salesman." "There’s no reason you can’t be your own money manager and be quite good at it." Episode references: Morningstar on Actively Managed Funds vs. Index Funds: https://www.morningstar.com/lp/active-vs-passive Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3178: Robert Brokamp reflects on the personal and financial sacrifices involved in striving to be a more present and intentional parent. His candid insights reveal how prioritizing family over productivity often leads to internal conflict, but also deeper fulfillment and self-awareness. Read along with the original article(s) here: https://www.getrichslowly.org/the-cost-of-being-a-better-parent/ Quotes to ponder: "The cost of being a better parent isn't just financial. It's emotional. It's logistical." "Being a better parent often means being a less 'productive' person in other areas of life." "I feel like I'm constantly choosing between being present with my kid and being present with my work." Episode references: The Whole-Brain Child: https://www.amazon.com/Whole-Brain-Child-Revolutionary-Strategies-Developing/dp/0553386697 The Opposite of Spoiled: https://www.amazon.com/Opposite-Spoiled-Raising-Children-Generosity/dp/0062247018 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3177: Jeremy Jacobson challenges the conventional wisdom of including home equity in retirement budgeting, emphasizing that doing so can create dangerous blind spots, especially during market downturns. By treating home equity separately and recognizing the benefits of imputed rent, retirees can protect their portfolios and maintain spending power without being forced into selling their homes or taking on unnecessary debt. Read along with the original article(s) here: https://www.gocurrycracker.com/mortgages-home-equity-and-retirement-spending/ Quotes to ponder: "Home equity is not included in our net worth for budgeting purposes. I plan to spend less than 4% of the remainder." "Exclude home equity from the portfolio." "Debt is leverage, which multiplies returns and losses." Episode references: Cfiresim: https://www.cfiresim.com/ Risk Parity Radio: https://www.riskparityradio.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3176: James Lambridis breaks down the warning signs that debt may be sabotaging your financial well-being, and why understanding your Debt-to-Income ratio is key to regaining control. He outlines clear strategies to reduce bad debt, differentiate it from good debt, and improve your overall money management for lasting financial health. Read along with the original article(s) here: https://debtmd.com/blog/signs-you-have-too-much-debt Quotes to ponder: "You know your finances better than anyone, but when figuring out whether you need to lower your overall debt balances, it starts with calculating your Debt to Income Ratio (DTI)." "Making minimum payments is the equivalent of a hamster spinning on the wheel, you will never get anywhere." "The key to achieving your financial goals is being able to distinguish the difference between the two and having the right allocation of good debt and bad debt on your books." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3175: Christina Browning shares the powerful habits that propelled her and her husband to millionaire status and early retirement before turning 40. By mastering mindset shifts, strategic planning, debt avoidance, and conscious spending, they turned consistent daily actions into wealth-building habits that can be replicated by anyone ready to rethink their approach to money and success. Read along with the original article(s) here: https://www.ourrichjourney.com/post/habits-that-made-us-millionaires-in-less-than-ten-years Quotes to ponder: "Whenever we found we wanted something, instead of shooting that desire down or making excuses for why it wasn’t practical or achievable, we figured out what exactly we could do to get there." "Debt weighs on you, both financially and mentally." "Make it a habit to think about how you are spending your money and how you can limit that spending in small, inconsequential ways." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3174: Kumiko from TheBudgetMom.com highlights how a meaningful budget begins long before the numbers hit the page. By asking yourself five essential questions about your goals, expenses, household support, review frequency, and how to handle setbacks, you can create a budget that truly serves your life, not just your spreadsheet. Her approach ensures your budget becomes a flexible, motivating tool for long-term financial success. Read along with the original article(s) here: https://www.thebudgetmom.com/5-critical-questions-you-need-to-ask-yourself-before-creating-a-budget/ Quotes to ponder: "Creating a budget simply to create one gives you the appearance that you have your financial life in order, but the hard truth is, if your budget doesn't make sense to you, you will never use it." "Think long and hard about what your end goal is with your budget. Keep in mind that your budget should be something obtainable and realistic for you." "The key to making your budget work is to communicate with the other members of your household." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3173: Craig Stephens explores the four types of travelers based on time and money - backpackers, vacationers, broke people, and financially independent travelers. He shares his journey from a budget traveler to someone working toward financial independence to achieve long-term, comfortable global travel without time or financial constraints. Stephens emphasizes the strategic savings and investing necessary to reach the ultimate goal: the freedom to travel anytime, anywhere, in comfort. Read along with the original article(s) here: https://www.retirebeforedad.com/holy-grail-of-travel/ Quotes to ponder: "Financial independence allows for travel for any period of time without the pressure to return and start or resume a career." "Depending on level of comfort, backpackers can travel for very little money for long periods of time." "It makes more sense from a cost perspective to fly to another part of the world and stay for two months than to take a week-long cruise." Episode references: Camino de Santiago: https://caminoways.com/camino-de-santiago Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3172: Darrow Kirkpatrick shares practical strategies to cut expenses without sacrificing quality of life, from optimizing grocery shopping and transportation choices to cultivating better health and generosity. His advice reveals how small, mindful shifts can dramatically reduce spending and accelerate early retirement, all while enhancing personal well-being. Read along with the original article(s) here: https://www.caniretireyet.com/8-tips-for-saving-big-and-retiring-earlier/ Quotes to ponder: "Food is the most frequent major expense, and it is intimately tied up with health. Awareness pays dividends." "It’s liberating to disconnect your self-image from your vehicle." "Generously and wisely allocating resources without desperately hanging on to each dollar, is a mindset that also leads to recognizing and capitalizing on opportunities for personal prosperity." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3171: Darrow Kirkpatrick shares practical strategies to accelerate financial independence by mastering mindful spending and cutting costs in everyday life. Learn how to curb impulse buys, minimize unnecessary possessions, and tackle recurring expenses to streamline your path toward an earlier retirement without sacrificing fulfillment. Read along with the original article(s) here: https://www.caniretireyet.com/8-tips-for-saving-big-and-retiring-earlier/ Quotes to ponder: "Use wish lists to delay and defuse the need for instant gratification." "When something you own creates chores on its own, get rid of it!" "Don’t think of them as 'only an extra $50/month.' Think of them as the 300 x $50 = $15,000 that you must save to produce that income in retirement!" Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3170: Steve Kamb explains how meaningful change can happen in an instant, but only if action follows insight. Drawing on experiences from Camp Nerd Fitness, he shows how small, consistent steps turn fleeting moments of motivation into lasting habits, emphasizing the shift from temporary afterglow to permanent everglow. Read along with the original article(s) here: https://www.nerdfitness.com/blog/change-can-happen-in-an-instant-has-it-happened-to-you/ Quotes to ponder: "Internal change can happen in an instant, but long-term change happens over time with consistent action taken." "Specific steps and actionable decisions override brilliant but unexecuted plans." "The toughest part is often getting started. So, make the first step so small that it’s easy to get started with it, and be okay with taking imperfect action." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3169: Jeff Rose explains how longevity insurance can safeguard retirees against outliving their savings by providing guaranteed lifetime income. By delaying payouts, these plans maximize future payments, offering a low-risk, hands-off strategy to complement traditional investments, though not without trade-offs like lower returns and upfront costs. A strategic mix of longevity insurance and market investments can create a more secure and balanced retirement income plan. Read along with the original article(s) here: https://www.goodfinancialcents.com/longevity-insurance/ Quotes to ponder: "You’ll need to stretch your savings over a longer period of time which can be very hard to budget." "Longevity insurance makes sure you always have some income during retirement." "The big advantage of longevity insurance is that it guarantees your income for life." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3168: Vitaliy Katsenelson uses a personal skiing mishap to illustrate how bull markets, much like groomed ski slopes, can hide underlying weaknesses in investment strategies. He urges investors to reexamine their portfolios, focus on fundamentals like earnings growth and valuations, and prepare for inevitable market downturns by adopting a disciplined, skill-based approach to investing. Read along with the original article(s) here: https://contrarianedge.com/downhill-racing-meets-value-investing/ Quotes to ponder: "Speed covers up a lot of mistakes and lack of skill." "Bull markets don’t last forever, and this one is not an exception." "We must all reexamine and future-proof our investment process." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3167: Gordon Stein explores how high-quality dividend stocks can serve as a shield against inflation while potentially accelerating portfolio growth. Highlighting examples like Lockheed Martin, Stein illustrates how dividend growth, reinvestment strategies, and careful stock selection can offer rising income and market resilience, even in volatile times. Read along with the original article(s) here: https://cashflowcookbook.com/dividend-stocks-fight-inflation/ Quotes to ponder: "Dividend stocks fight inflation with both a rising stock price and rising dividends." "A dividend growth rate that is above inflation provides income that rises faster than inflation." "Automatic reinvestment of dividends means that you will buy more as the stock price dips and buy less as the price rises, improving your overall investment." Episode references: Vanguard Dividend Appreciation Fund (NYSE:VIG): https://investor.vanguard.com/investment-products/etfs/profile/vig SPDR S&P Dividend ETF (NYSE:SDY): https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-500-dividend-etf-sdy Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3166: JT McGee explores the world of mortgage REITs, explaining how they generate impressive dividend yields by leveraging government-backed and non-agency mortgage securities. He outlines the key risks tied to interest rate movements and offers practical insights on how REITs can fit into a diversified, income-focused portfolio for investors seeking alternatives to traditional fixed-income assets. Read along with the original article(s) here: https://thecollegeinvestor.com/3589/cash-flow-investments-reits-agency-mortgages/ Quotes to ponder: "By law, REITs must return 90% of their operating earnings back to shareholders in the form of dividends." "A bet on any mortgage REIT is essentially a wager that rates will increase very slowly over the next few years." "For income purposes, nothing will beat a mortgage REIT." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3165: Mike Ballew shares practical, strategic guidance for navigating a hyper-competitive housing market, where hesitation can cost you your dream home. His five-step plan empowers buyers to act quickly and confidently, arming themselves with neighborhood knowledge, financial readiness, and negotiation flexibility, to avoid common regrets and make smarter, long-term decisions. Read along with the original article(s) here: https://eggstack.com/blog/2022-02-13-5-Tips-for-Buying-a-Home-in-a-Competitive-Market/ Quotes to ponder: "Every home you consider must be viewed through the eyes of other buyers." "Sellers prefer to hitch their wagons to buyers who are able to prove they can afford a home versus someone who hopes they can." "You need to be hungry like the wolf, laser-focused, and ready to pounce on a moment’s notice." Episode references: WAV Group: https://www.wavgroup.com Zillow: https://www.zillow.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3164: Jackie Beck reveals how identifying your personal debt triggers can be the turning point to lasting financial freedom. By examining the emotional and habitual roots of your spending decisions, you can break the cycle of credit dependency and take control of your money with clarity and purpose. Read along with the original article(s) here: https://www.jackiebeck.com/identify-your-debt-triggers/ Quotes to ponder: "Debt means an obligation on your future. The inability to really enjoy the here-and-now. Worry, stress, and frustration. Guilt." "You can stop debt in its tracks, and get out of debt for good." "If you find yourself buying electronics or other luxury items, ask yourself what you were doing in the store in the first place." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3163: J.L. Collins lays out a sharp and eye-opening warning about the seductive nature of financial scams and the psychological tricks that make them so effective, even on smart, well-intentioned people. Through personal stories and timeless lessons, he reminds us why skepticism and simplicity are our best defense against losing money to con artists in suits. Read along with the original article(s) here: https://jlcollinsnh.com/2012/03/09/you-too-can-be-conned/ Quotes to ponder: "People don’t fall for scams because they’re stupid. They fall for scams because they’re human." "You’re vulnerable to cons when you’re greedy, when you’re desperate, when you think you know more than you do." "The most dangerous person in your financial life is the slick guy in the expensive suit promising you high returns with low risk." Episode references: The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/0451205367 Ponzi Scheme - Investopedia: https://www.investopedia.com/terms/p/ponzischeme.asp The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3162: J. Money reminds readers that everyone, even those who seem to have it all together, struggles sometimes. Through raw honesty and uplifting encouragement, this piece offers a comforting reminder that you’re not alone and that it’s okay to ask for help or take a break when life feels overwhelming. Read along with the original article(s) here: https://www.budgetsaresexy.com/ps-we-all-struggle/ Quotes to ponder: "Some of us just hide it better than others." "It doesn’t mean you’re broken. It just means you’re human." "You are not alone, and there are people who care about you." Episode references: The Minimalists: https://www.theminimalists.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3161: Chris Reining unpacks the psychological and strategic considerations behind investing a large lump sum, emphasizing the risks of loss aversion and market timing. By advocating for a slower, more measured investment strategy aligned with your savings rate, he provides a practical framework to protect against emotional decision-making and reduce risk while still building long-term wealth. Read along with the original article(s) here: https://chrisreining.com/how-should-i-invest-a-lump-sum/ Quotes to ponder: "We like gains, but we hate losses even more." "To protect you from yourself by easing smaller amounts of money into the market over longer periods of time it gives new investors more time to get comfortable with investing." "By investing a static amount each month, you average everything out." Episode references: The Power of Loss Aversion - Daniel Kahneman and Amos Tversky: https://en.wikipedia.org/wiki/Loss_aversion Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3160: Wanderer explains how incorporating preferred shares into a retirement portfolio can mitigate sequence-of-return risk by boosting income during the vulnerable early years of retirement. By swapping part of their bond allocation for these higher-yielding, bond-like assets, early retirees can increase cash flow while strategically managing volatility and cost. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/yield-shield/the-yield-shield-preferred-shares/ Quotes to ponder: "A Preferred Share is kind of a mix between a stock and a bond." "When you retire, you basically take a portion of your bond allocation and swap it for Preferreds." "Our longer term plan as our portfolio grows (and our dependence on our Yield Shield decreases) is to exit these positions and pivot back towards a normal bond ETF." Episode references: iShares S&P/TSX Canadian Preferred Share Index ETF: https://www.blackrock.com/ca/individual/en/products/239832/ishares-sptsx-canadian-preferred-share-index-etf Risk Parity Radio: https://www.riskparityradio.com/ iShares U.S. Preferred Stock ETF (PFF): https://www.ishares.com/us/products/239826/ishares-preferred-and-income-securities-etf Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3159: Sean Mullaney offers a compelling defense of the FIRE movement by reframing it not as a claim to credit or privilege, but as a tool for improving financial outcomes through intentional decision-making. Acknowledging the role of luck, he argues that FIRE equips individuals with a framework to optimize their financial lives regardless of their starting point, making better choices more likely to lead to better luck. Read along with the original article(s) here: https://fitaxguy.com/2020/12/ Quotes to ponder: "Luck and choices are not entirely unrelated. The better financial choices you make, the more likely it is you will have good financial outcomes and enjoy better luck along the way." "Financial literacy without a framework and goals is sort of like teaching algebra in high school. There’s nothing wrong with it, but how much did algebra affect your adult life?" "The point of the Financial Independence movement is not to 'deserve' financial success. Rather, the point is to make choices that increase the odds of financial success and having more financial options." Episode references: FI Healthcare: https://fihealthcare.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3158: James Altucher draws a powerful parallel between winning at chess and successful investing: both hinge on consistently building tiny advantages. From choosing debt-free companies with strong cash reserves to aligning with demographic trends, he reveals how small, smart moves compound into big wins, without relying on flashy predictions or risky gambles. Read along with the original article(s) here: https://jamesaltucher.com/blog/what-makes-some-stocks-safer/ Quotes to ponder: "Basically, accumulate tiny advantages throughout the game." "If a company has a lot of cash in the bank and no debt, then it’s not going to file bankruptcy anytime soon." "The goal is to find that very unique combination of stocks that could go up quite a bit that also have a good margin of safety around them." Episode references: S&P Dow Jones SPIVA U.S. Scorecard 2020: https://www.spglobal.com/spdji/en/research-insights/spiva/ The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3157: Erik Carter underscores how embracing a margin of safety, a buffer against unpredictability, can transform your entire approach to financial planning, from investing and retirement to insurance and emergency savings. By preparing for less-than-ideal outcomes, you reduce financial stress and increase confidence in your long-term goals, all while building a more secure path to financial freedom. Read along with the original article(s) here: https://www.financialfinesse.com/2013/09/05/the-3-most-important-words-in-retirement-planning/ Quotes to ponder: "A margin of safety gives you room for error to be wrong." "Entering numbers into a retirement calculator that are overly optimistic will produce a case of the old garbage in, garbage out." "You also don’t want to assume an average life expectancy. After all, there’s at least a 50% chance that you’ll live past average." Episode references: Fidelity Retiree Health Care Cost Estimate: https://www.fidelity.com/viewpoints/personal-finance/plan-for-rising-health-care-costs Stocks for the Long Run by Jeremy Siegel: https://www.amazon.com/Stocks-Long-Run-Definitive-Investment/dp/0071800514 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3156: Lisa Harrison shares how she and her husband sidestepped lifestyle inflation to build wealth and achieve financial freedom, without sacrificing joy or connection. Through mindful home buying, curbing consumer habits, and consistently increasing their savings rate, they created a life of intentionality and long-term fulfillment. Read along with the original article(s) here: https://madmoneymonster.com/2021/03/22/5-ways-we-avoided-lifestyle-inflation-to-reach-financial-freedom/ Quotes to ponder: "We didn’t buy more house than we needed, although I really wanted to, and we bought the crappiest house in a nice neighborhood." "We will go without a want before we pay for anything with a credit card that can’t be immediately paid off at the end of the month." "Investing extra money gives us a bigger rush than spending it." Episode references: 401(k) and 403(b) plan basics - Investopedia: https://www.investopedia.com/terms/1/401kplan.asp The Minimalists: https://www.theminimalists.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3155: Lisa Harrison shares her personal journey from a youthful splurge on a flashy car to a values-driven commitment to living within her means. Through candid storytelling and practical advice, she highlights how avoiding lifestyle inflation, especially with car purchases, became a foundational strategy in her family's path to financial freedom. Read along with the original article(s) here: https://madmoneymonster.com/2021/03/22/5-ways-we-avoided-lifestyle-inflation-to-reach-financial-freedom/ Quotes to ponder: "After payments, insurance, maintenance, and gas, I was left with less than half of my take-home pay for everything else." "What mattered most was how much money you saved." "Despite our 2012 luxury SUV, my husband and I have driven reasonable cars for the entirety of our marriage." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3154: Andy Hill challenges the traditional notion of giving kids an allowance by linking money to effort through “Chore Money.” His approach teaches children real-world financial principles, like earning through value, saving early, and understanding limits, while also sparking entrepreneurial thinking from a young age. Read along with the original article(s) here: https://marriagekidsandmoney.com/why-i-wont-give-my-kids-an-allowance Quotes to ponder: "You exist therefore you get money. That concept doesn’t work in the real world." "If she helps with the chores, she gets paid. If she doesn't help, she doesn't get paid." "When you’re a saver, you have options. You can more easily pursue your passions and live your life on your terms." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3153: Sam from Financial Samurai sheds light on a growing financial vulnerability in America: nearly 30% of households have no investments beyond their primary residence. He explores how financial trauma, wage stagnation, and lack of education have led to under-diversification, urging readers to adopt a more balanced wealth-building strategy for true financial independence. Read along with the original article(s) here: https://www.financialsamurai.com/percentage-wealth-outside-primary-residence/ Quotes to ponder: "Roughly 30% of households have no 401k, no IRA, no after-tax investment account, no private equity investments, no venture debt investments, no nothing beyond the value of their primary residence!" "When you’re catching your breath, you’re not looking to aggressively invest in growth stocks and other assets." "Don’t be like most people with no wealth outside their home. Diversify your investments!" Episode references: Reverse Mortgage Information - Consumer Financial Protection Bureau: https://www.consumerfinance.gov/ask-cfpb/what-is-a-reverse-mortgage-en-224/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3152: Paula Pant shares how long-term, global travel can be surprisingly attainable, not just for the wealthy, but for anyone willing to rethink their financial priorities. By breaking down the cost of international living and comparing it to typical expenses back home, she reveals how travel can actually be more affordable than staying put. Read along with the original article(s) here: https://affordanything.com/how-can-you-afford-to-travel-the-world/ Quotes to ponder: "You don’t need to be rich to travel the world. You just need to spend in alignment with your values." "The cost of travel is often less than the cost of staying in one place." "When you travel long-term, you avoid the biggest costs: round-trip airfare and short-term lodging." Episode references: Lonely Planet Travel Guides: https://www.lonelyplanet.com Numbeo Cost of Living Comparison: https://www.numbeo.com/cost-of-living/ The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3151: Stephen Popick unpacks the often-misunderstood concept of the time value of money, showing why recurring expenses like cable TV aren’t as costly in today’s dollars as they appear over decades. By factoring in inflation, investment returns, and personal opportunity costs, he makes a compelling case for thoughtful financial planning that balances present needs with future goals. Read along with the original article(s) here: https://www.getrichslowly.org/the-time-value-of-money-or-why-25-years-of-cable-tv-doesnt-cost-as-much-as-you-think/ Quotes to ponder: "The time value of money is a complex term for a simple concept: Any given amount of money is worth more today than the same amount in the future." "Your personal time value of money is very tough to measure on a personal level." "Would I rather have $30,000 today or cable television for the next 25 years? There’s no one right answer." Episode references: Good Debt, Bad Debt: https://www.amazon.com/Good-Debt-Bad-Invest-Smarter/dp/1591840260 The Automatic Millionaire: https://www.amazon.com/Automatic-Millionaire-Powerful-Immediately/dp/0767923820 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3150: Julien Saunders shares four hard-earned insights from preparing his second rental property, revealing how time, cash, and strategy shape success in real estate investing. Whether you're considering buying rental properties or just want smarter ways to manage money and stress, his practical lessons offer value beyond property lines. Read along with the original article(s) here: https://richandregular.com/4-lessons-learned-from-our-2nd-rental-property/ Quotes to ponder: "Cash is their preferred form of payment. As a result, when the work really matters to us, we’re sure to lead with that so they are more motivated to do a good job on the project." "I am so grateful to have found the courage to quit my job a few months ago because otherwise, I wouldn’t have had the time to deal with some of the issues that popped up." "Just like your primary home, it’s never a matter of if, but WHEN something needs to be repaired or replaced." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3149: Brian Tracy breaks down the five core reasons most people fail to achieve financial independence, from never realizing wealth is possible for them to lacking long-term perspective. He explains how procrastination, poor financial habits, and indecisiveness prevent many from building real wealth, offering actionable mindset shifts for anyone ready to break the cycle. Read along with the original article(s) here: https://www.briantracy.com/blog/general/5-reasons-why-most-dont-become-wealthy/ Quotes to ponder: "If it never occurs to them, then they never take any of the steps necessary to make it a reality." "The primary reason for underachievement and failure is that the great majority of people don’t decide to be successful." "If you cannot delay gratification, and discipline yourself to refrain from spending everything you make, you cannot become wealthy." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3148: Kumiko Love shares a strategic guide to making the most of an extra paycheck - a financial opportunity that comes just a few times a year for bi-weekly earners. By prioritizing intentionality over impulse, she outlines how to align this bonus income with your money goals, whether it’s crushing debt, boosting savings, or planning guilt-free fun. Read along with the original article(s) here: https://www.thebudgetmom.com/what-to-do-with-that-third-paycheck/ Quotes to ponder: "That third paycheck is not free money. It’s your money - and your plan for it matters." "You don’t have to spend every dime to enjoy your life." "Decide what’s most important to you and make a plan before the money hits your account." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3147: Mr. Money Mustache explains how developing a “ChaCHING!” instinct, feeling rewarded by not spending money, can radically shift your financial trajectory and mindset. By training yourself to see each avoided purchase as a small win, you increase both your wealth and your freedom without relying on deprivation or strict budgets. Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/06/04/get-rich-with-the-chaching-instinct/ Quotes to ponder: "I just avoided a purchase, and I am richer because of it. Cha-CHING!!" "Every time you don’t spend unnecessary money, you have won a little game." "Your safety margin and independence in life just grew a little bit, and the entire rest of your life will now be better because of it." Episode references: The Marshmallow Test: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3146: Steve Kamb delivers a powerful reminder that action beats inaction every time, even if that action isn’t perfect. By showing how small, messy steps forward can overcome analysis paralysis and build momentum, he makes a compelling case for trading perfectionism for progress. Read along with the original article(s) here: https://www.nerdfitness.com/blog/do-something-do-anything/ Quotes to ponder: "Doing something, anything, is almost always better than doing nothing." "The path you walk will never be perfectly paved, and that’s okay." "You can’t improve a blank page." Episode references: The 5 Second Rule by Mel Robbins: https://www.amazon.com/5-Second-Rule-Transform-Confidence-Everyday/dp/1682612384 The War of Art: https://www.amazon.com/War-Art-Steven-Pressfield/dp/1936891026 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3145: Jen Hayes reflects on how student loan debt, while burdensome, became a catalyst for personal growth, minimalism, and financial transformation. Her story challenges conventional thinking about debt, offering a powerful perspective shift that turns regret into gratitude. Read along with the original article(s) here: https://www.jenhayes.me//why-im-grateful-for-my-student-loan-debt/ Quotes to ponder: "I now realize how empty and unfulfilling a materialistic life is." "I’ve learned my lesson about debt, and I will make better financial choices in the future." "If it weren’t for my student loans, I probably never would’ve started this blog." Episode references: Georgetown University college cost analysis: https://cew.georgetown.edu/cew-reports/the-college-payoff/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3144: Robert Farrington unpacks how personal accountability is the ultimate driver of financial success, highlighting that it's not just about numbers, it's about owning every financial decision and its consequences. By outlining five progressive levels of accountability, he offers a roadmap to build lasting habits that lead to financial clarity, control, and long-term stability. Read along with the original article(s) here: https://thecollegeinvestor.com/6521/single-important-trait-defines-personal-finance-success/ Quotes to ponder: "Accountable people don't have excuses. They have solutions." "Without full knowledge of what you have and what you spend, you cannot make sound financial decisions." "Every action has a consequence, but to be accountable, you need to realize the biggest consequence of all." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3143: ESI breaks down the path to financial independence using a simple scale to evaluate your earning, saving, and investing skills, from disaster to excellent. He argues that success in one area can't compensate for failure in another, and that most people should aim for excellence in earning or saving, since investing is rarely a true strong suit. His insights reveal how balanced, realistic self-assessment can accelerate your journey to FI. Read along with the original article(s) here: https://esimoney.com/working-esi-scale-financial-independence/ Quotes to ponder: "There are almost as many ways to hit FI as there are moves in a chess match." "To reach FI at any reasonable age, you need to be at least neutral on all of them." "I don’t think anyone is excellent at investing. I think 'good' is about all most of us can strive for realistically." Episode references: The Bogleheads’ Guide to Investing: https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3142: Jaime of KeepThrifty challenges the conventional pursuit of early retirement by unpacking the emotional and physical burnout that can come with chasing FIRE (Financial Independence, Retire Early). Rather than idolizing the hustle or rigid savings goals, Jaime encourages a return to values-driven living, where balance, intention, and fulfillment matter more than arbitrary financial milestones. Read along with the original article(s) here: https://www.keepthrifty.com/dont-get-burned-by-FIRE/ Quotes to ponder: "It was never about the money, it was about living by his values." "The more we worked, the more we made, the sooner we could retire. But as time went on, we found ourselves burning out again." "What if we didn’t focus on early retirement, but on living a fulfilling life now and in the future?" Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3141: Craig Stephens reflects on the transformative power of parenthood, showing how it can awaken a deeper sense of purpose and drive to improve upon the life paths laid by previous generations. By redefining what a "better life" truly means, beyond wealth or early retirement, he encourages us to live with intention, model lasting values for our children, and pursue personal growth over generational comparison. Quotes to ponder: "To honor their sacrifices, we’re compelled to pursue the life our parents dreamed for us." "Living a meaningful life is about personal progress, happiness, and having a positive impact on your community and the people you meet." "Strive to be the person you want your child to become, teach by example and never stop improving upon the person you were yesterday." Episode references: Enlightenment Now: https://www.amazon.com/Enlightenment-Now-Science-Humanism-Progress/dp/0525427570 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3140: J. Money invites readers to transform everyday spending into acts of conscious support by reframing expenses as contributions to the people, businesses, and causes we value. This mindset shift turns ordinary transactions into opportunities for connection, empowerment, and gratitude, making each dollar feel more intentional and meaningful. Read along with the original article(s) here: https://www.budgetsaresexy.com/supporting-vs-spending-money/ Quotes to ponder: "To them, it wasn’t about the 'cost', but more about the love of the hobby and wanting to support it however they can." "It’s spending, but it’s also very much supporting." "Think about everyone you’re supporting with each transaction you make, and see if it changes anything." Episode references: 516 Project: https://516project.org The Sundara Fund: https://www.sundarafund.org Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3139: Vitaliy Katsenelson argues that obsessively monitoring your portfolio can lead to emotional decision-making and worse investment outcomes. Instead, he urges investors to zoom out, think long term, and treat investing more like watching paint dry, boring, but ultimately rewarding. Read along with the original article(s) here: https://contrarianedge.com/want-to-be-a-better-investor-stop-staring-at-your-portfolio/ Quotes to ponder: "Most of the mistakes I’ve made as an investor happened when I got too close to the action." "Stocks are not pieces of paper that wiggle up and down on a computer screen. They are partial ownerships of businesses." "Watching your portfolio too closely is like watching paint dry, it makes time slow down and tempts you to act when you shouldn’t." Episode references: Fooled by Randomness: https://www.amazon.com/Fooled-Randomness-Hidden-Chance-Markets/dp/0812975219 Meditations: https://www.amazon.com/Meditations-New-Translation-Marcus-Aurelius/dp/0812968255 The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3138: Chris Guillebeau reflects on the allure of the lottery fantasy and shares why he’s chosen to let it go for good. Instead of hoping for sudden wealth, he champions the satisfaction of building a life rooted in purpose, autonomy, and earned success, an empowering reminder to create the life we want, rather than wish for it. Read along with the original article(s) here: https://chrisguillebeau.com/giving-up-the-lottery-fantasy/ Quotes to ponder: "I am thrilled with the life I am building. I do not want the state of Washington, or any other government entity, to give me my ticket to happiness. I want to earn it." "My decision is that I don’t want the money-for-nothing; I want to create my own happiness and my own amazing life." "What if life was what you want it to be because you made it that way? What would you do then?" Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3137: Amy Blacklock and Vicki Cook explain the key differences between common and preferred stocks, offering clarity on how each type fits distinct investment goals. While common stocks offer growth and voting rights, preferred stocks provide consistent income and greater claim to assets, making it crucial to align your choice with your financial strategy. Read along with the original article(s) here: https://womenwhomoney.com/preferred-vs-common-stock/ Quotes to ponder: "A share of common stock represents one share of ownership in the underlying corporation." "The dividend yield can be calculated by simply dividing the dollar value of the dividend by the current stock price, times 100 for the percentage." "Preferred stockholders get preference over common stock shareholders during distribution of profits or corporate liquidation of funds." Episode references: Standard & Poor’s: https://www.spglobal.com/ratings/en/ Moody’s: https://www.moodys.com/ Fitch Ratings: https://www.fitchratings.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3136: Tracie shares her deeply personal journey from bankruptcy to financial freedom, offering a raw, relatable look at the emotional toll of debt and the power of persistence. By embracing budgeting, ditching credit cards, and staying committed alongside her husband, she proves that it's possible to come back stronger, wiser, and debt-free. Read along with the original article(s) here: https://www.jackiebeck.com/bankruptcy-and-debt-you-can-come-out-stronger-in-the-end/ Quotes to ponder: "There really can be a light at the end of the tunnel (no matter how long that tunnel might be)." "This time around I did it the RIGHT way. I didn’t just run from my debt. I faced it head on - with my husband." "When you do not have debt, your money is all yours." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3135: Chris Reining challenges the popular career advice to "do what you love" by showing how it's often wiser, and more sustainable, to do what you hate so that you can eventually afford the freedom to pursue what you love. With humor and insight, he illustrates how financial independence is really about creating options, not chasing passions that can’t pay the bills. Read along with the original article(s) here: https://chrisreining.com/hate-love/ Quotes to ponder: "Do what you hate to do what you love." "Financial independence isn’t about having money it’s about having options." "The most dangerous thing I see people do is quit their job to do what they love." Episode references: Architectural Digest: https://www.architecturaldigest.com/ So Good They Can’t Ignore You: https://www.calnewport.com/books/so-good/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3134: Mike Ballew delivers a no-nonsense breakdown of the essential financial and logistical steps to take before retiring, from ditching debt and adjusting investments to creating an end-of-life plan. His straight-talking approach helps listeners understand why guessing isn’t a strategy when it comes to building a secure, lasting retirement. Read along with the original article(s) here: https://eggstack.com/blog/2021-12-05-Your-Retirement-Checklist/ Quotes to ponder: "Retiring is a little like traveling to Mars. If there’s not enough fuel in the tank, you’re going to get stuck there." "The biggest favor you will ever do yourself is to get a 15-year mortgage." "You need to sit down with a financial advisor or avail yourself to sophisticated retirement planning software that can analyze your situation and determine how much retirement savings you really need." Episode references: Risk Parity Radio Podcast (Frank Vasquez): https://www.riskparityradio.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3133: Lyle Soloman explores the deep, often overlooked connection between mental well-being and financial stability, revealing how issues like depression, anxiety, and low self-esteem can lead to impulsive spending, financial neglect, and mounting debt. By identifying patterns and making strategic adjustments during times of clarity, Soloman offers actionable steps to help safeguard your finances even when your mental health falters. Read along with the original article(s) here: https://www.fiology.com/mental-health-financial-health/ Quotes to ponder: "When you are dealing with disturbed mental health, it feels that life is spiraling out of control, and you can’t do anything to get it back on track." "Many people who have financial problems will resist looking at how much they owe." "Don’t try to live your life to someone else’s standards. This can hurt your mental health no matter how much money you make." Episode references: Personal Capital (now Empower): https://www.empower.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3132: Corey from The Fioneers emphasizes the importance of focusing on the "big three" expenses, housing, transportation, and food, to meaningfully boost savings without losing balance in life. By simplifying your financial focus, you gain more mental space to design a fulfilling life, rather than obsessively chasing financial independence at the cost of present-day happiness. Read along with the original article(s) here: https://thefioneers.com/reduce-household-expenses/ Quotes to ponder: "Instead of trying to optimize every aspect of your life, try starting with these three big categories." "Saving more money isn’t just about expediting your journey to FI, but enhancing it." "Saving money is great in that it provides us freedom in the future, but also in the present." Episode references: Imperfect Foods: https://www.imperfectfoods.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3131: Corey of The Fioneers breaks down how focusing on the “big three” expenses, housing, transportation, and food, can dramatically improve your financial flexibility and fast-track your path to financial independence. With real-life examples and a mindset rooted in value over status, this post illustrates how intentional choices can save thousands annually without feeling like sacrifice. Read along with the original article(s) here: https://thefioneers.com/reduce-household-expenses/ Quotes to ponder: "We lack for naught in these three categories. Somehow, we have resisted the urge to keep up with the Joneses." "Reducing your big expense categories will give you the most freedom and flexibility." "Saving money has a triple effect on your finances. It not only gives you more money now, but it also provides more capital to invest and decreases the amount you need in investments to sustain your lifestyle long-term." Episode references: Pew Social Trends - Suburban Statistics: https://www.pewresearch.org/social-trends/2018/05/22/demographic-and-economic-trends-in-urban-suburban-and-rural-communities/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3130: Corey Allan explores practical ways couples can navigate disagreements without damaging their connection, especially when core values or lifestyle changes like minimalism are at stake. Drawing on insights from marital research, he outlines respectful communication strategies that allow each partner to stay true to themselves while nurturing the relationship. Read along with the original article(s) here: https://www.becomingminimalist.com/communicating-with-your-partner/ Quotes to ponder: "Problems in marriage are inevitable. The question is, can you remain satisfied in your marriage in spite of differences?" "Respect is defined as not trying directly or indirectly to change anyone." "If you’re over-functioning for someone, you are under-functioning for yourself." Episode references: The Seven Principles for Making Marriage Work by John Gottman: https://www.amazon.com/Seven-Principles-Making-Marriage-Work/dp/0609805797 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3129: Jamie Cattanach breaks down the truth behind enticing 0% APR credit card offers, revealing how easily they can turn into a debt trap if you’re not careful. By understanding the fine print and developing disciplined repayment habits, you can use these promotions strategically instead of falling victim to them. Read along with the original article(s) here: https://moneyminiblog.com/credit-cards/0-apr/ Quotes to ponder: "That 0% APR offer means the card charges no interest, but it’s almost always a temporary deal." "It’s always best not to spend money you don’t have, anyway, so if you want to open that new line of credit, just pretend it does accrue interest and pay it off in full every month regardless." "When used responsibly, credit cards can be a fantastic financial tool." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3128: Mark Dennis shares practical strategies for building financial habits that actually last, emphasizing the importance of values-based goals, small wins, and systems over willpower. Learn how to align your money behavior with your long-term vision through habit science and simple, repeatable actions. Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/16/how-to-adopt-financial-habits-that-stick/ Quotes to ponder: "One of the most important steps in adopting better financial habits is identifying a strong, personal motivation behind the behavior." "Motivation gets you started, but systems are what keep you going." "If the habit is too big or too drastic a change from your current behavior, it’s likely to fail." Episode references: BJ Fogg’s Behavior Model: https://www.behaviormodel.org/ Tiny Habits by BJ Fogg: https://www.amazon.com/Tiny-Habits-Changes-Everything/dp/0358003326 Betterment (automated investing): https://www.betterment.com/ You Need a Budget (YNAB): https://www.youneedabudget.com/ The Power of Habit: https://www.amazon.com/Power-Habit-What-Life-Business/dp/081298160X Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3127: Wanderer breaks down how to access your 401(k) funds before age 59½ without paying penalties, using a strategy called the Roth Conversion Ladder. By carefully rolling over 401(k) funds into a Traditional IRA and then converting to a Roth IRA within tax-free limits each year, you can build a systematic way to unlock your retirement savings early and maximize tax efficiency. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/get-money-401k-59-1-2/ Quotes to ponder: "Money inside your 401(k) is kinda like a raw pot roast. You can’t eat it right away." "It’s all based on the IRS rule that Roth IRA conversions, rather than contributions, can be withdrawn penalty-free 5 years after the conversion has taken place." "When you do quit, you roll-over all of them into a Traditional IRA. This is done tax-free." Episode references: 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

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 3126: Lisa Harrison introduces FIOR, Financial Independence/Optional Retirement, as a flexible alternative to traditional FIRE, offering a more realistic and enjoyable path toward financial security without the pressure of extreme frugality or early retirement. Her approach emphasizes maintaining a strong savings rate while allowing for life's pleasures, making work more enjoyable, reducing the need for side hustles, and ultimately giving individuals more freedom and options. Read along with the original article(s) here: https://madmoneymonster.com/2019/11/11/5-reasons-ditching-fire-for-fior-might-be-your-best-financial-move/ Quotes to ponder: "By adopting FIOR, you’ll be able to enjoy life along the way by not having to be extreme in all areas." "The more money you stash away for your future, the more secure you’re going to feel and the more fun your day job will likely become because, wait for it, you won’t need it." "FIOR gives you options. When you’re on the path to FIOR and you reach FI, you have the option to quit your job, change jobs, stay on the job, or anything else you can dream up." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3125: Jeff Rose highlights five often-overlooked non-medical factors that can significantly influence your life insurance premiums, offering practical advice to help you better position yourself for affordable coverage. Understanding these variables empowers you to make smarter lifestyle and financial choices that protect both your wallet and your loved ones. Read along with the original article(s) here: https://www.goodfinancialcents.com/top-5-non-medical-factors-that-affect-your-life-insurance-rates/ Quotes to ponder: "Your credit score is more than just a number to lenders; it can also impact your life insurance rates." "Some occupations, like pilots, loggers, or deep-sea fishermen, carry a higher risk in the eyes of insurance companies." "Traveling to certain countries can be seen as a red flag by life insurance underwriters." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3124: Tynan breaks down how intentional, creative decision-making can fund a fulfilling life at a fraction of the expected cost. By rethinking needs and eliminating unnecessary spending, he designs a lifestyle supported by minimal income but filled with freedom, autonomy, and adventure. Read along with the original article(s) here: http://tynan.com/the-zero-cost-lifestyle Quotes to ponder: "Figure out what you really want to do, and then figure out the absolute cheapest way to do it." "I eat perfect food that I love, live in the exact spot that I want to live, and I spend my free time doing what I want to do." "The real appeal of the zero cost lifestyle is that it is incredibly liberating. You get your time back." Episode references: Alcor Life Extension Foundation: https://www.alcor.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3123: Sam from Financial Samurai argues that true happiness stems more from how much we save than how much we earn. Backed by compelling survey data and personal anecdotes, he illustrates how saving creates peace of mind, freedom, and long-term satisfaction, far outweighing the temporary highs of spending or earning more. Read along with the original article(s) here: https://www.financialsamurai.com/they-key-to-happiness-is-saving-more-not-making-more-money/ Quotes to ponder: "The more you save, the more likely you are to be happy." "Saving money affects happiness MORE than how much you earn." "There is no happiness plateau with saving money in the survey because savings gives people peace of mind, pride, and independence." Episode references: Healing Back Pain by Dr. John Sarno: https://www.amazon.com/Healing-Back-Pain-Mind-Body-Connection/dp/0446392308 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3122: Ross Enamait challenges the culture of passively consuming advice by urging readers to test ideas for themselves, embrace trial and error, and trust personal experience over hearsay. His no-nonsense approach empowers individuals to take ownership of their growth, both physically and mentally, by replacing excuses with action. Read along with the original article(s) here: http://rosstraining.com/blog/2014/03/04/find-out-for-yourself/ Quotes to ponder: "Instead of believing what you hear, find out for yourself." "You’ll never know what you are capable of if you are too afraid to try." "The more you do, the more you’ll learn about what works for you." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3121: Gordon Stein shares a powerful personal story of turning a naïve rental mistake into a hands-on education in home construction, gaining invaluable trade skills that paid dividends for decades. His experience reveals how a mindset of curiosity and learning can transform setbacks into lifelong opportunities for growth and financial gain. Read along with the original article(s) here: https://cashflowcookbook.com/the-hidden-wealth-opportunity/ Quotes to ponder: "Then came the unholy suggestion that the work would go faster if I helped him." "I traded some long work days for a lifetime of skills." "Work to learn, not to earn." Episode references: The Obstacle Is the Way: https://www.amazon.com/Obstacle-Way-Timeless-Turning-Triumph/dp/1591846358 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3120: Paula Pant challenges extreme attitudes toward debt, showing how both blind borrowing and rigid debt aversion can hurt your financial future. With a nuanced perspective, she explores how strategic debt, particularly in education, can lead to massive returns, but only if you carefully evaluate the risks, opportunities, and real-life trade-offs. Read along with the original article(s) here: https://affordanything.com/debt-is-a-good-thing/ Quotes to ponder: "Both attitudes will make you poor." "It’s much easier to get in debt than it is to get out." "Your house is a lousy investment. But a student loan has the potential to provide amazing returns." Episode references: Georgetown University Report on College ROI: https://cew.georgetown.edu/cew-reports/the-college-payoff/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3119: Kevin from Financial Panther challenges the flashy narratives of quick wealth by highlighting the true value of betting big on yourself. Through honest reflections on career pivots, sunk costs, and slow-building success, he reminds us that long-term, self-driven investments yield the most meaningful returns. Read along with the original article(s) here: https://financialpanther.com/if-youre-going-to-bet-big-bet-on-yourself-first/ Quotes to ponder: "If you’re going to make big bets, at least bet on yourself first before you bet on someone else." "When you get married or have kids or go to school, you’re making a huge bet. These are all-in decisions we make." "The only thing I do know is that if you give yourself time, most of the time, you’ll probably do okay." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3118: Kristin Wong shares a cautionary tale about how obsessive saving can backfire, highlighting how unrealistic budgeting and neglecting real-life spending patterns led her to rack up overdraft fees and lose peace of mind. Her journey emphasizes that true financial growth comes not from rigid saving but from realistic tracking, mindful spending, and striking a healthy balance. Read along with the original article(s) here: https://www.getrichslowly.org/how-saving-money-cost-me-money/ Quotes to ponder: "If your money is costing you peace of mind, why are you saving it?" "I wanted the instant gratification of seeing $6,500. I would leave myself nothing just so I could see that number." "Money is more about mind than it is about math." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3117: Mr. 1500 reflects on the unexpected power of being a quiet catalyst in someone else's financial journey. Through small, intentional actions, like gifting a book or leading by example, we can profoundly influence others to pursue financial independence and change the trajectory of their lives. Read along with the original article(s) here: https://www.1500days.com/be-an-inflection-point-to-somone/ Quotes to ponder: "You may not have $1,000,000 saved yet, but you have the knowledge to get there. And knowledge is power." "Don’t underestimate yourself. YOU have the ability to make a difference. A big one." "Never preach, act judgy, or talk down. Lead by example." Episode references: Playing with FIRE (Film): https://playingwithfire.co/ Choose FI Local Groups: https://www.choosefi.com/local-groups/ 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

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 3116: Kumiko Love breaks down index funds in a simple, approachable way, showing how they can be a powerful, low-cost investment tool for long-term financial growth. With relatable explanations and clear comparisons, she empowers beginners to take confident steps toward building wealth through consistent investing. Read along with the original article(s) here: https://www.thebudgetmom.com/what-you-should-know-about-index-funds/ Quotes to ponder: "Index funds are one of the easiest, low-cost ways to invest in the stock market." "Rather than trying to beat the market, index funds aim to mirror it." "Because index funds don’t require a fund manager to actively pick stocks, they usually have lower fees." Episode references: Fidelity - Index Funds: https://www.fidelity.com/mutual-funds/index-funds/overview Investopedia - Index Fund Definition: https://www.investopedia.com/terms/i/indexfund.asp Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3115: The Mad Fientist offers a raw, behind-the-scenes look at the emotional and psychological shifts he experienced after achieving early retirement. Rather than pure bliss, he discovered unexpected challenges in identity, motivation, and meaning, insights that can help others prepare for what financial freedom really feels like. Read along with the original article(s) here: https://www.madfientist.com/early-retirement-preview/ Quotes to ponder: "All the things I thought I wanted to do when I stopped working didn’t actually bring me as much happiness as I imagined they would." "With nothing I had to do and no one telling me what to do, I started to feel a bit lost." "Achieving the goal of financial independence is not the end; it’s the beginning of a new and potentially more difficult journey." Episode references: The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3114: Mia outlines a gentle yet practical path to uncovering your life’s passion by tuning into what excites you, experimenting without pressure, and aligning with your natural strengths. Her approach focuses on curiosity and self-compassion, making the journey to clarity feel inspiring rather than overwhelming. Read along with the original article(s) here: https://shedreamsallday.com/how-to-find-your-passion-in-life/ Quotes to ponder: "Passion isn’t something you find under a rock. It’s something that builds and grows over time through experimentation, curiosity, and action." "You won’t find your passion by sitting still and thinking about it all day. You find it by doing." "The goal is to follow your curiosity even if it doesn’t make sense at the time." Episode references: 16Personalities: https://www.16personalities.com/ Myers-Briggs Personality Test: https://www.truity.com/test/type-finder-personality-test-new Ikigai: https://www.amazon.com/Ikigai-Japanese-Secret-Long-Happy/dp/0143130722 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3113: Red shares her raw, firsthand experience of battling credit card debt, offering six empowering strategies to regain control and silence relentless creditors. From knowing your legal rights to negotiating smarter repayment plans, her advice helps turn fear into action and financial freedom. Read along with the original article(s) here: https://www.budgetsaresexy.com/6-ways-to-knock-out-creditors/ Quotes to ponder: "I easily received 15 phone calls a day. Sometimes they would leave a voicemail, but I deleted it without listening." "You’ll need a realistic budget to get out of this debt, and seeing the light at the end of the tunnel is better than blindly making minimum payments." "Most companies will reduce your interest rate if they know it increases the odds of getting some of their money back." Episode references: The Pew Charitable Trust report on debt collection lawsuits: https://www.pewtrusts.org/en/research-and-analysis/reports/2020/05/how-debt-collectors-are-transforming-the-business-of-state-courts The Fair Debt Collection Practices Act: https://www.consumerfinance.gov/rules-policy/regulations/1006/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3112: Chris Mamula reflects on the costly mistake of blindly trusting a financial advisor, a decision that led to years of excessive fees and missed investment growth. His story exposes how common and dangerous it is to rely on referrals for financial advice in a financially illiterate society, underscoring the life-changing power of self-education in investing. Read along with the original article(s) here: https://www.caniretireyet.com/the-worst-investment-advice-i-ever-heard-everywhere Quotes to ponder: "We later learned we paid approximately eight times more in hidden fees than we thought we were by following his investment advice." "The worst advice, which I read and hear frequently, is that you should find a good financial advisor by seeking the recommendation of someone you trust." "There is no substitute to self education. Those unwilling to learn are destined to repeat these same mistakes." Episode references: The White Coat Investor: https://www.amazon.com/White-Coat-Investor-Financial-Doctors/dp/0991433106 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3111: Sean Owen highlights the powerful appeal of Dividend Aristocrats, companies that have raised their dividends for at least 25 consecutive years, demonstrating how these “boring” stocks can deliver exceptional long-term results and reliable income. Through Buffett’s Coca-Cola example and simple ETF options, the article makes a compelling case for patient investors seeking stability, compounding returns, and financial peace of mind. Read along with the original article(s) here: https://www.mrmoneymustache.com/2012/01/02/guest-posting-the-dividend-aristocrats/ Quotes to ponder: "A company that pays steadily rising dividends is a company that makes so much money, year after year, that it simply can’t use it all." "If a company ever misses a single dividend payment, or ever fails to give investors a raise, then it is booted out, and must start that 25-year clock all over again." "When you stay focused on collecting your paychecks from the companies you own, rather than the share price, you can ignore the wild fluctuations in the stock market." Episode references: SPDR S&P Dividend ETF (SDY): https://www.ssga.com/us/en/individual/etfs/funds/spdr-sp-portfolio-s-p-dividend-etf-sdy Berkshire Hathaway Shareholder Letters: https://www.berkshirehathaway.com/letters/letters.html The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3110: ESI draws on Warren Buffett's powerful analogy of career value as an investment, revealing how communication skills, particularly public speaking, can boost that value by 50%. Backed by personal experience, ESI makes the case that refining how you speak and write can significantly increase lifetime earnings, making communication a high-ROI skill worth mastering. Read along with the original article(s) here: https://esimoney.com/grow-value-career-50/ Quotes to ponder: "Right now, I would pay $100,000 for 10 percent of the future earnings of any of you, so if you’re interested, see me after class." "Now, you can improve your value by 50 percent just by learning communication skills - public speaking." "You can’t speak your way to success, at some point you need to deliver the goods as well." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3109: Joel shares his firsthand experience entering the world of hard money lending, revealing how he turned passive capital into consistent, high-yield returns. With clear explanations and real-life numbers, he demystifies this niche investment strategy while offering practical advice for anyone curious about lending their money wisely. Read along with the original article(s) here: https://5amjoel.com/hard-money-lending/ Quotes to ponder: "Hard money lending is when you loan your personal money to a real estate investor, and you earn monthly interest." "I made $10,000 in 10 months, and I didn’t lift a finger." "This is NOT a get-rich-quick scheme. It’s slow, consistent, and fairly boring." Episode references: BiggerPockets Forums: https://www.biggerpockets.com/forums The Book on Investing In Real Estate with No (and Low) Money Down: https://www.amazon.com/Book-Investing-Real-Estate-Money/dp/1947200976 Hard Money University: https://www.hardmoneyuniversity.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3108: Emily Guy Birken explores how growing up poor can shape a limiting money mindset through a diminished sense of control, leading to reactive financial habits and difficulty delaying gratification. By learning to shift from an external to an internal locus of control, listeners can rewire old belief patterns, reclaim agency, and start making empowered financial decisions rooted in self-awareness. Read along with the original article(s) here: https://ptmoney.com/overcome-money-mindset-issues-grew-poor/ Quotes to ponder: "Feeling as though you have control over your life is a big factor in making good financial decisions." "Waiting patiently for a larger, later reward is what investing is all about, after all." "Successful people know that looking within is the only way to realize your dreams." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3107: James Altucher breaks down the emotional, financial, and psychological reasons he’s sworn off homeownership for good, arguing that buying a house is less of an investment and more of a trap. With sharp wit and hard-earned experience, he shows why renting offers freedom, flexibility, and far fewer hidden costs, making it a smarter lifestyle choice for those who value cash, time, and peace of mind. Read along with the original article(s) here: https://jamesaltucher.com/blog/why-i-am-never-going-to-own-a-home-again/ Quotes to ponder: "I want to fill a bathtub with all the dollar bills I would’ve used as a down payment on a house. I want to bathe in that bathtub." "Saying 'my house is an investment' forgets the fact that a house has all the qualities of the ugliest type of investment." "Do you feel like you can’t accomplish something in life until you own a house? Examine the real reasons you want to own and make sure they are coming from a good spot in your heart." Episode references: S&P 500 Index (for comparison): https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3106: Vitaliy Katsenelson reflects on what he calls his single greatest achievement - not a professional accolade, but raising children who are kind, curious, and emotionally resilient. Through touching stories and hard-earned lessons, he reveals how parenting shaped his values and challenged his ego, offering a deeply human look at what truly matters. Read along with the original article(s) here: https://contrarianedge.com/my-single-greatest-achievement/ Quotes to ponder: "My kids are my single greatest achievement. They are kind, smart, curious, and caring people." "Kids are not a project you can complete or a problem you can solve - they are human beings you help shape." "Being a parent made me realize how little control I have over the world and how much influence I have over what kind of father I choose to be." Episode references: How to Talk So Kids Will Listen & Listen So Kids Will Talk: https://www.amazon.com/How-Talk-Kids-Will-Listen/dp/0743525086 Raising An Emotionally Intelligent Child: https://www.amazon.com/Raising-Emotionally-Intelligent-Child-Heart/dp/0684838656 The Road Less Traveled: https://www.amazon.com/Road-Less-Traveled-Timeless-Traditional/dp/0743243153 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3105: Vicki Cook and Amy Blacklock outline powerful strategies to shift from a scarcity mindset to one of abundance, unlocking financial clarity and emotional well-being. Their guidance encourages gratitude, generosity, and mindful living, helping you break free from limiting beliefs and align your lifestyle with your deepest values. Read along with the original article(s) here: https://womenwhomoney.com/adopting-abundance-mindset-important/ Quotes to ponder: “No one has ever become poor by giving.” “Reducing the time you spend connected to the TV or social media will boost your happiness and decrease your desire to waste money.” “When you get caught up competing with them, you end up with everything they wanted and not what you want.” Episode references: Anne Frank quote reference: https://www.goodreads.com/quotes/1905-no-one-has-ever-become-poor-by-giving Gratitude research - Greater Good Science Center: https://greatergood.berkeley.edu/topic/gratitude/definition Shoshin (Beginner’s Mind): https://en.wikipedia.org/wiki/Shoshin Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3104: Vicki Cook and Amy Blacklock explore how shifting from a scarcity to an abundance mindset can drastically reshape your relationship with money, success, and self-worth. By taking ownership of your decisions and embracing the belief that there’s enough to go around, you’ll unlock a path to greater opportunity, confidence, and financial well-being. Read along with the original article(s) here: https://womenwhomoney.com/adopting-abundance-mindset-important/ Quotes to ponder: "Your mindset can affect things like how you learn, manage stress, and handle risk." "In this paradigm, 'there is plenty out there and enough to spare for everybody.'" "People who think abundantly have real financial security because they make things happen and go after what they want." Episode references: The Obstacle Is the Way: https://www.amazon.com/Obstacle-Way-Timeless-Turning-Triumph/dp/1591846358 The 7 Habits of Highly Effective People: https://www.franklincovey.com/the-7-habits/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3103 Christina Browning dismantles the illusion of credibility surrounding investment news channels, revealing how their focus on sensationalism, jargon, and short-term hype undermines real financial growth. Instead of empowering viewers with sound strategies, these shows promote herd behavior and distract from proven paths like long-term index investing and the FIRE movement. Read along with the original article(s) here: https://www.ourrichjourney.com/post/the-truth-about-investment-news-channels-dont-fall-for-them Quotes to ponder: "Investing News Channels are NOT the answer. Seriously, DO NOT LISTEN TO THEM." "These shows are entertainment and that’s it!" "It is impossible to ever accurately and consistently predict the stock market." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3102: Liz of Frugalwoods makes a compelling case for tuning out market noise and focusing instead on the variables you can control, like saving more, earning more, and investing consistently. Her down-to-earth wisdom reminds us that emotional reactions to stock volatility are distractions from the real drivers of long-term wealth: discipline, low fees, and the magic of compounding. Read along with the original article(s) here: https://www.frugalwoods.com/2016/01/20/why-we-ignore-the-stock-market-and-you-should-too-demystifying-personal-finance-part-4/ Quotes to ponder: "I’m not going to tell you how to optimize your investments or beat the market or pick that one hot fund - why not? Because I don’t know how to and neither does anyone else." "My approach to all things in life is to control what I can and to categorically ignore/let go of the things I can’t." "Pulling in and out of the market when you feel the slightest twinge of panic is a great way to ensure you’ll never make any money from your investments." Episode references: FSTVX - Fidelity Total Market Index Fund (now FXAIX): https://www.fidelity.com/mutual-funds/fidelity-funds/overview Personal Finance Club by Jeremy Schneider: https://www.personalfinanceclub.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3101: Mike Ballew highlights four major threats to your retirement goals, unexpected health issues, job loss, dependent adult children, and the loss of a partner, and offers clear strategies to stay financially resilient. This article encourages proactive planning and smart boundary-setting, reminding us that while we can't control everything, we can prepare for a lot. Read along with the original article(s) here: https://eggstack.com/blog/2021-11-21-Four-Things-That-Can-Derail-Your-Retirement-Plans/ Quotes to ponder: "Almost half of all current retirees were forced to retire earlier than planned due to unforeseen circumstances such as health issues." "Instead of saving for retirement, too many parents are providing financial support for adult children who are perfectly capable of supporting themselves." "Social Security was never meant to be a retiree’s sole source of income and it is woefully inadequate to sustain the typical American lifestyle." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3100: Jackie Beck shares a simple yet powerful mindset shift for tackling overwhelming debt by breaking it down into small, consistent actions, the one-bite method. By focusing on progress over perfection and celebrating every win, even the tiniest payment can spark the momentum needed to achieve lasting financial freedom. Read along with the original article(s) here: https://www.jackiebeck.com/one-bite-method/ Quotes to ponder: "You’ve got to celebrate every little bit of progress. And then do it again, ’til one day you’ll have polished off the whole thing." "You don’t have to see exactly how things will happen in order to make them happen." "The key to the one-bite method is absolutely to stay focused on your progress so that you keep going." Episode references: Thomas Fuller quote: https://www.brainyquote.com/quotes/thomas_fuller_106054 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3099: Michelle Schroeder-Gardner offers practical, empowering tips to help you stay motivated while tackling debt and sticking to a budget. By visualizing goals, celebrating small wins, and fostering a mindset of appreciation over consumption, you'll build lasting habits that lead to financial freedom and a more intentional life. Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/09/how-to-stick-to-a-budget-financial-motivation.html Quotes to ponder: "Finding financial motivators will help you continue to work hard towards your goal, even when it seems impossible." "Making your goal visual is a great way to find motivation." "You can still enjoy life, do many of the same things you usually do, and so on." Episode references: Personal Capital: https://www.personalcapital.com Mint: https://mint.intuit.com A Cultivated Nest: https://acultivatednest.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3098: Nia Shanks explores how the nocebo effect, the harmful counterpart to the placebo, shows up in everyday life when we believe negative outcomes into existence. She reveals how self-limiting beliefs, reinforced by fitness myths and personal narratives, can derail progress and offers a mindset shift that empowers lasting change. Read along with the original article(s) here: https://niashanks.com/nocebo-effect-thinking-your-way-to-failure/ Quotes to ponder: "Your thoughts and beliefs can act like a nocebo, leading to poorer outcomes simply because you expect them." "Being told you’re 'broken' or have to train a certain way can plant seeds of doubt that sabotage your progress." "You are not fragile, and your body is not a ticking time bomb waiting to explode if you move 'wrong.'" Episode references: The Nocebo Effect: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6534344/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3097: Joshua Fields Millburn challenges the belief that income alone leads to happiness, emphasizing instead the transformative power of daily habits and intentional living. He also addresses the importance of preparing for the inevitable, death, not to live in fear, but to experience greater peace of mind and clarity in the present. Read along with the original article(s) here: https://www.theminimalists.com/money-habits/  &  https://www.theminimalists.com/death/ Quotes to ponder: "Once we earn $X, we quickly discover that the equation is broken." "A much better conductor of individual contentment, then, has little to do with money: our daily habits." "We needn’t be afraid, though just prepared." Episode references: LegalZoom: https://www.legalzoom.com/ WikiHow – How to Write a Will: https://www.wikihow.com/Write-a-Will Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3096: Michelle Schroeder-Gardner encourages finding a balance between financial goals and enjoying life, especially when dealing with debt. She shares practical strategies for traveling affordably like budgeting, staycations, and using credit card rewards while emphasizing the importance of not adding to your debt in the process. Read along with the original article(s) here: https://www.makingsenseofcents.com/2017/09/should-you-go-on-vacation-if-you-have-debt.html Quotes to ponder: "You can still enjoy life on a budget, but it’s all about having a good balance and seeking out what will work best for your situation." "To take a vacation, you should never take on debt. Taking on debt to travel will just dig your debt hole even deeper." "Vacations are great and all, but taking on debt to go on them is 99.999999% of the time not worth it." Episode references: Gusto Payroll: https://gusto.com/ Chase Sapphire Preferred: https://creditcards.chase.com/rewards-credit-cards/sapphire/preferred Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3095: Brian Tracy breaks down the habits and mindset shifts that separate those who only look rich from those who are rich. Learn how adopting long-term thinking, discipline, and a focus on wealth-building behaviors can lead to true financial independence - regardless of your current income. Read along with the original article(s) here: https://www.briantracy.com/blog/financial-success/look-rich-or-be-rich-develop-a-millionaire-mindset-to-achieve-financial-independence-wealthy-people/ Quotes to ponder: “People who look rich often have little or no money saved. They work to earn and then spend everything on the outward appearance of success.” “People who are really rich are more concerned with building and maintaining wealth over time than with showing it off.” “You become what you think about most of the time. If you think about financial independence and becoming wealthy, you begin to do the things that will make it a reality.” Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612681131 The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3094: Wanderer shares powerful insights from Chautauqua UK, revealing how financial healing starts with self-forgiveness. When we release the shame of past money mistakes, we unlock the clarity and creativity needed to move forward and take control of our financial future. Read along with the original article(s) here: https://www.millennial-revolution.com/build/why-you-have-to-forgive-yourself/ Quotes to ponder: "Let’s pretend that whoever screwed up in the past was a different person, and that person’s gone now." "The only thing that matters is what you do starting now." Episode references: Camp FI: https://campfi.org EconoMe Conference: https://www.economeconference.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3093: Julianna Poplin explores the often-overlooked tension between simplicity and frugality, sharing her journey from obsessive bargain hunting to more mindful consumer habits. She encourages listeners to consider the true cost of “cheap” purchases, including time, stress, and clutter, and offers reflective questions to help find a balance that aligns with their values. Read along with the original article(s) here: https://www.thesimplicityhabit.com/how-to-balance-simplicity-and-frugality/ Quotes to ponder: "You are going to pay with something. It will typically either be time or money." "Frugality ceases to be an asset when you are buried under a pile of bargain items." "It isn’t frugal to buy unnecessary items no matter how inexpensive they were." Episode references: The Minimalists (Joshua Fields Milburn quote): https://www.theminimalists.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3092: J.D. Roth challenges the notion that paying off debt requires extreme austerity, advocating instead for a balanced, sustainable approach. By gradually building frugal habits and allowing room for joy, you can make progress toward financial freedom without feeling deprived or overwhelmed. Read along with the original article(s) here: https://www.getrichslowly.org/should-repaying-debt-be-an-obsession/ Quotes to ponder: "You paid off $35,000 in debt in just over three years. Does that mean you were balls-to-the-wall dedicated and had no frills and were dour-faced the whole time?" "Most people who leap from a lifestyle of deficit-spending to one of extreme frugality find the waters very, very cold." "Yes, thrift and frugality are important tools to meeting your financial goals. But I believe it's important to develop sustainable financial goals." Episode references: Frugalwoods blog: https://www.frugalwoods.com Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Mr. Money Mustache blog: https://www.mrmoneymustache.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3091: A Purple Life reflects on how car ownership once symbolized freedom in traffic-choked Atlanta, only to become a stressful time sink that fueled a lifelong commitment to living carfree. By designing a life around walkability, public transit, and intentional limits, she highlights the financial and mental freedom that can come from rejecting car culture entirely. Read along with the original article(s) here: https://apurplelife.com/2018/07/24/carfree-for-life/ Quotes to ponder: "Every. Single. Day. This is when I learned I never wanted to own a car or have a car commute again." "It felt like I was staring into the abyss of my commuting future." "I’ll happily substitute owning a car with a mix of public transit, walking and using the sharing economy." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3090: Brian Gardner challenges the busyness and clutter that dominate modern life, inviting readers to embrace a simpler, more intentional existence. By clearing the physical and mental "sidebars" that distract us, he reveals how life becomes more meaningful, spacious, and aligned with what truly matters. Read along with the original article(s) here: https://nosidebar.com/life-without-sidebars/ Quotes to ponder: "A life with no sidebars is about making space for what really matters by getting rid of everything that doesn’t." "Busyness isn't a badge of honor, it’s a barrier to connection, creativity, and joy." "Instead of checking off boxes, I want to be present for my life." Episode references: Soulful Simplicity (Book): https://www.amazon.com/Soulful-Simplicity-Courtney-Carver/dp/0143130684 Be More with Less: https://bemorewithless.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3089: Kevin of Financial Panther reminds us that real success, whether in finances, personal growth, or business, comes from playing the long game. With patience, consistency, and a focus on compounding effort over time, even modest daily actions can lead to remarkable outcomes. His reflections encourage listeners to build resources, pursue passion projects with endurance, and reject the myth of overnight success. Read along with the original article(s) here: https://financialpanther.com/the-long-game-always-wins/ Quotes to ponder: "If you give yourself enough time, you can achieve almost anything." "$30 per day might not seem like much money, but 30 years is a long time to do anything." "Spending over 5 years doing anything is as close to a guaranteed recipe for success as you can get in our world." Episode references: The Bullet Journal Method by Ryder Carroll: https://www.amazon.com/Bullet-Journal-Method-Meaningful-Productive/dp/0525533338 EconoMe Conference: https://www.economeconference.com Real Vision: https://www.realvision.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3088: Chris Reining breaks down the mindset and math behind determining how much money you really need to achieve financial independence. By focusing on spending rather than income, he offers a simple yet powerful framework that puts long-term freedom within reach - no matter your current salary. Read along with the original article(s) here: https://chrisreining.com/how-much Quotes to ponder: "You don’t need to be a millionaire, you just need enough money so you don’t have to work." "Financial independence has nothing to do with how much you earn, and everything to do with how much you spend." "The lower your spending, the less you need to save. That’s the secret." Episode references: Mr. Money Mustache: https://www.mrmoneymustache.com Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3087: Chris from KeepThrifty shares how living like a student during a well-paying internship taught him a powerful lesson: spending should be driven by values, not income. By focusing on tracking expenses, prioritizing long-term goals over short-term indulgences, and finding joy in low-cost experiences, he shows how financial freedom becomes more achievable - no matter how much you earn. Read along with the original article(s) here: https://www.keepthrifty.com/earn-like-a-boss-spend-like-an-intern/ Quotes to ponder: "Your spending can (and should) be independent of your income." "It’s not deprivation if you’re prioritizing something better." "That which gets measured gets managed." Episode references: The More of Less: https://www.amazon.com/More-Less-Minimalist-Living-Discover/dp/1601427964 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3086: Chris of KeepThrifty shares practical, tested strategies for growing your income faster than inflation averaging 8% annually over 15 years by becoming a high-value team member. Learn how to lead with purpose, invest in your own development, support your team, and tackle the tough jobs no one else wants, all of which set you up for financial freedom. Read along with the original article(s) here: https://www.keepthrifty.com/earn-like-a-boss-spend-like-an-intern/ Quotes to ponder: "Decisions are easier, priorities are clearer, and everyone just seems to work together better." "You need to keep learning and growing." "Improving your team helps your company a lot and you even more." Episode references: Crucial Conversations: https://www.amazon.com/Crucial-Conversations-Talking-Stakes-Second/dp/0071771328 The Obstacle Is the Way: https://www.amazon.com/Obstacle-Way-Timeless-Turning-Triumph/dp/1591846358 Start with Why: https://www.amazon.com/Start-Why-Leaders-Inspire-Everyone/dp/1591846447 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3085: The Mad Fientist explores the unexpected emotional terrain of nearing financial independence, revealing how fear, procrastination, and questions of purpose often surface just as the goal comes within reach. With honesty and introspection, he shares how early action, not early retirement alone, may be the key to building a more meaningful and enjoyable life. Read along with the original article(s) here: https://www.madfientist.com/emotions-of-fi/ Quotes to ponder: "I’ve spent so many years building up my balances so the idea of actually taking money out is a bit frightening." "Has my procrastination been a way of keeping my dreams alive even though, deep down, I realize they are probably not attainable?" "Financial independence isn’t the solution to every problem but it does provide the freedom and flexibility to make changes that improve your life." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3084: Chelsea of SmartMoneyMamas.com breaks down the intentional decision-making process behind frugal living, showing how thoughtful spending can lead to greater happiness, reduced stress, and financial freedom. Rather than focusing on deprivation, her five-step method encourages creativity, community, and mindful consumption in a world driven by impulse buying. Read along with the original article(s) here: https://smartmoneymamas.com/thought-process-frugal-mind/ Quotes to ponder: "Being frugal is about optimizing the balance between cost and happiness." "Your time does have value and the materials to make those things could end up costing more anyway." "When you buy something using the frugal thought process, be confident that you are spending money on something that matters." Episode references: Craigslist: https://craigslist.org Buy Nothing Project: https://buynothingproject.org Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3083: Julien Saunders shares how he and his wife strategically paid off their mortgage to unlock financial freedom, reduce stress, and gain control over their time. Their journey, driven by teamwork and discipline, reveals how owning a home outright can be a powerful step toward financial independence, especially for those underrepresented in that achievement. Read along with the original article(s) here: https://richandregular.com/why-we-paid-off-our-mortgage/ Quotes to ponder: "We didn’t just payoff a mortgage; we bought time." "The primary reason we decided to payoff the mortgage was to create a level of freedom and flexibility that no job could ever provide." "We swung it about 30+ times over a 2 1/2 year period putting every single dollar to work." Episode references: Afford Anything: https://affordanything.com Go Curry Cracker: https://www.gocurrycracker.com Millennial Revolution: https://www.millennial-revolution.com Dave Ramsey: https://www.ramseysolutions.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3082: Seth Sinclair shares a powerful framework for negotiating with clarity, confidence, and empathy, helping you reach mutually beneficial outcomes without damaging trust or relationships. By focusing on curiosity, active listening, and honest communication, you'll walk away from difficult conversations feeling respected, and more likely to get what you want. Read along with the original article(s) here: https://michaelmehlberg.com/blog/2016/10/17/how-to-win-a-negotiation-without-destroying-relationships Quotes to ponder: "Curiosity diffuses conflict, lowers defenses, and opens the door to understanding." "Always seek to understand what the other person wants and why they want it." "Compromise isn’t weakness, it’s the recognition that both sides have value." Episode references: Crucial Conversations: https://www.amazon.com/Crucial-Conversations-Talking-Stakes-Second/dp/1469266822 Never Split the Difference: https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805 Getting to Yes: https://www.amazon.com/Getting-Yes-Negotiating-Agreement-Without/dp/0143118757 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3081: Courtney Carver invites readers to rethink their relationship with money and possessions by focusing on clarity, intention, and contentment. By embracing simplicity, self-awareness, and gratitude, she shares ten mindset shifts that help cultivate a deeper sense of “enough” regardless of financial status. Read along with the original article(s) here: https://bemorewithless.com/10-ways-you-can-have-enough-money-and-stuff/ Quotes to ponder: "Deciding you have enough is what helps you actually feel like you have enough." "Decluttering can be a beautiful bridge to a life with less stuff and more meaning." "When you focus on what really matters to you, you naturally spend less on the things that don’t." Episode references: Becoming Minimalist: https://www.becomingminimalist.com/ Tiny House Talk: https://tinyhousetalk.com/ Zen Habits: https://zenhabits.net/ The Minimalists: https://www.theminimalists.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3080: Saving, borrowing, or investing, Jacob Lund Fisker breaks down the three fundamental approaches to financing your life. By understanding the power of living off interest rather than paying it, you can accelerate financial independence and avoid the "one more year syndrome" that keeps many from retiring even when they’ve reached their goal. Find out how to determine your financial "enough" and pull the trigger on true freedom. Read along with the original article(s) here: http://earlyretirementextreme.com/the-three-methods-of-finance-and-when-enough-is-enough.html Quotes to ponder: "You can pay as you go. You save money and then you spend it. If you don’t have the money, you can’t afford it and if you can’t afford it, you don’t buy it." "Financial independence means not having to finance like the people in class 2 and it usually also implies not having to earn money by working, but let’s not get hung up on words." "There are a lot of stories about people who wanted to squeeze in just one extra bit of work to meet some retirement target. Then when they reach it, they think to themselves, well, if I worked just a little longer, I could buy this and this and that." Episode references: CharityVest: https://charityvest.org EconoMe Conference: https://economeconference.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3079: Mr. 1500 reflects on the surprising reality of fulfilling a lifelong dream, owning an Acura NSX, only to realize that the joy of possession fades faster than expected. The mental burden of maintaining an expensive car, combined with a shift toward financial flexibility and simplicity, led to the decision to sell. Letting go brought more peace than regret, reinforcing the idea that true happiness isn’t found in material things. Read along with the original article(s) here: https://www.1500days.com/why-we-sold-our-fancy-car-the-acura-nsx/ Quotes to ponder: "The pursuit is often more fun than the ownership of it." "In the end, the most important reason is that it just didn’t bring us happiness anymore." "There is beauty in simplicity. An internal combustion engine is a Rube Goldberg machine compared to an electric motor." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3078: Most of us aiming for financial independence don’t live in luxury, but what truly counts as a luxury? Darrow Kirkpatrick challenges the idea that luxuries are inherently bad, arguing instead that they should be evaluated based on their function, personal value, and overall cost. By asking whether an expense is optional, meaningful, and affordable, we can make smarter financial choices, prioritizing what genuinely enriches our lives without falling into the trap of unnecessary spending. Read along with the original article(s) here: https://www.caniretireyet.com/luxury-or-essential/ Quotes to ponder: "A luxury is 'something inessential, but conducive to pleasure and comfort.'" "The problem is when you develop habits to the point that expensive luxuries become necessities, or you want them in all areas of your life." "When you spend money, you choose consumption today over the lifetime of interest income you’d achieve from investing it instead." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3077: Investing for an 8% return is a long-term game, not a short-term guarantee. ESI of ESIMoney.com explains why this rate is a reasonable expectation for stock index fund investors over a decade or more, despite market fluctuations. He also shares his personal experience earning 10% or more through real estate and how staying consistent with low-cost index funds gives the best chance at solid returns. Read along with the original article(s) here: https://esimoney.com/can-get-8-investment-return/ Quotes to ponder: "There’s a big difference between making 8% on your money ‘at a time like this’ and making 8% on your money over a 10-15 year period." "You can give yourself the best opportunity to maximize investment returns by putting your money in low-cost index funds." "No one knows! Investing is inherently risky, so you do it hoping for a good return but knowing you might lose everything." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3076: Cutting back on small luxuries can help, but real financial freedom often requires big, bold changes. Cynthia Meyer shares how she tackled overwhelming debt by downsizing her living space, rethinking entertainment expenses, and even giving up her car, saving over $1,200 per month in the process. Her story proves that by making intentional sacrifices, you can accelerate debt repayment and reclaim your financial future. Read along with the original article(s) here: https://www.financialfinesse.com/2017/07/03/would-you-go-this-far-to-pay-off-your-debt/ Quotes to ponder: "That’s when I decided that only making drastic changes would get the outsized results I was seeking." "Consider making some big changes to climb that debt mountain faster. Trust me, you’ll feel great when you get to the top and look around at how far you’ve come." "There is a secret financial power in home cooking!" Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3075: Conventional financial wisdom doesn’t always apply universally. The article challenges common money advice by exploring real-life examples where “bad” financial decisions - like keeping a mortgage instead of paying it off early - led to positive outcomes. By highlighting the importance of context, adaptability, and personal financial goals, it encourages readers to think critically rather than blindly following mainstream advice. Read along with the original article(s) here: https://affordanything.com/2013/05/21/bad-financial-advice-but-it-worked-for-me Quotes to ponder: "This is why I distrust financial guidelines that assume one-size-fits-all." "Just because it worked for one person doesn’t mean it will work for everyone." "People have different risk tolerances, personalities, and opportunities." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3074: Fitness trackers can be a great short-term motivator for increasing daily movement, but their accuracy varies depending on the activity. While they reliably estimate step count and heart rate, they tend to miscalculate calories burned, sleep duration, and travel distances. To maintain motivation beyond the initial excitement, incorporating challenges, friendly competitions, or group tracking can help sustain engagement. Quotes to ponder: "Most fitness trackers are pretty good about estimating the number of steps you take each day, but when it comes to estimating the number of calories burned, they tend to underestimate." "It turns out that fitness trackers do keep folks motivated but in the short term." "If purchasing a fitness tracker helps someone go from exercising sporadically to becoming more committed and consistent, even in the short term, then by all means, it’s worth it." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3073: Learning to talk openly about money and align financial goals can transform a relationship. Leo Babauta outlines six key steps to achieving financial harmony with your partner, from discussing values and removing emotions from money talks to creating a plan and holding regular financial meetings. By staying positive, honest, and team-oriented, couples can build a strong financial foundation that supports both their individual and shared dreams. Read along with the original article(s) here: https://zenhabits.net/six-steps-to-healthy-finances-in-your-relationship Quotes to ponder: "We can tell our values by looking at our checkbook stubs." "If that’s what makes the other person happy, you should want to make them happy - that’s the basis of a good relationship." "Team members can help each other out and encourage each other, or they can rip the team apart by being negative, by blaming, by working against common goals." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3072: A well-deserved raise isn't just about asking, it’s about asking the right way. Emily Guy Birken breaks down a strategic approach to salary negotiations, from researching market value and proving your worth to timing your request wisely and handling a potential "no" with confidence. Mastering this skill can set you up for long-term financial growth and career satisfaction. Read along with the original article(s) here: https://ptmoney.com/how-to-ask-for-a-raise/ Quotes to ponder: "They can’t shoot you for asking." "The best time to ask for a raise is right after you have just done something great for the company, such as solving a big problem, landing a major client, or saving the company money." "It can be easy to procrastinate for months (or even years!) if you’re uncomfortable selling yourself, but no one else is going to advocate for you." Episode references: Glassdoor: https://www.glassdoor.com Salary.com: https://www.salary.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3071: Achieving financial independence is a dream for many, but common pitfalls can derail progress. Chris Panteli highlights five key reasons people fail to reach this goal: lack of genuine commitment, insufficient financial knowledge, reliance on stagnant cash savings, fear of taking risks, and impatience. By recognizing these obstacles early and taking proactive steps, you can stay on track toward financial freedom. Read along with the original article(s) here: https://www.fiology.com/you-wont-reach-financial-independence/ Quotes to ponder: "You lose money thanks to inflation. This is a concept you must understand if you are to be financially independent." "To make money that helps you become financially independent will mean taking some risks. If you are not prepared to take any risk, then you aren’t going to achieve your goals." "Patience, consistency, willpower, and hard work are just some of the traits you need to cultivate." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3070: Trying to stay under the radar with your financial success? It might not be as simple as it seems. This article explores the unintended consequences of stealth wealth - how hiding your prosperity can lead to isolation, distrust, and missed opportunities for meaningful connection. Fear can be a powerful force, shaping our decisions and holding us back from opportunities. This article examines how financial fears - whether of loss, failure, or even success - can create invisible barriers that limit growth. By recognizing and confronting these fears, we can push past hesitation and build a more secure and fulfilling financial future. Read along with the original article(s) here: https://www.earnandinvest.com/blog/stealthwealthfail AND https://www.earnandinvest.com/blog/the-wall-of-fear Quotes to ponder: "Hiding your wealth may protect you from jealousy and unwanted attention, but it can also create barriers between you and those you care about." "Authenticity matters more than secrecy - real relationships thrive on trust, not carefully managed illusions." "Fear builds walls that keep us from taking risks, but those same walls can also trap us in stagnation." "Every major financial decision comes with uncertainty, but letting fear dictate your choices means giving up control of your future." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3069: Rebuilding your finances after bankruptcy is challenging, but it’s also an opportunity for a fresh start. Kalen Bruce outlines practical steps to regain control, from tracking expenses and cutting non-essential spending to leveraging budgeting tools and creating a sustainable financial plan. By taking a proactive approach, you can turn past financial struggles into a foundation for long-term stability. Read along with the original article(s) here: https://moneyminiblog.com/budgeting/budget-after-bankruptcy/ Quotes to ponder: "Once your debts have been forgiven, you need to make sure you don’t fall back into debt." "If there is any practice that can answer the question of how to rebuild finances after bankruptcy, it is budgeting." "Look at your financial situation as a positive, clean slate, rather than feeling sorry over your previous financial failings." Episode references: FI Healthcare: https://fihealthcare.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3068: Taking financial risks wisely can be a game-changer for building long-term wealth. Vicki Cook and Amy Blacklock break down how to educate yourself on investing, assess your risk tolerance, and make informed decisions that align with your financial goals. By continuously learning and adjusting your strategy over time, you can confidently embrace risk without fear, allowing you to grow your wealth while maintaining financial security. Read along with the original article(s) here: https://womenwhomoney.com/why-is-taking-some-financial-risk-important/ Quotes to ponder: "You don’t want to become so comfortable with your investment decisions that you fail to reconsider what 'risk' means to you over time." "If a conservative approach helps you sleep better at night, investing more money for a lengthier period will build wealth too." "Your mindset will shift over time, from being fearful to courageously taking more risks." Episode references: University of Missouri Risk Tolerance Assessment: https://pfp.missouri.edu/research/investment-risk-tolerance-assessment 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

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 3067: Vicki Cook & Amy Blacklock emphasize that controlling your finances is key to securing your future, but simply saving money isn’t enough to build long-term wealth. Inflation erodes purchasing power, making it essential to take calculated financial risks for better returns. By understanding risk tolerance, diversifying investments, and aligning strategies with financial goals, even risk-averse individuals can grow their net worth while maintaining financial security. Read along with the original article(s) here: https://womenwhomoney.com/why-is-taking-some-financial-risk-important/ Quotes to ponder: "While a savings account or CD seems like a low-risk money move, losing buying power over time is still risky." "Putting all your (financial) eggs in one basket isn’t a wise thing to do." "If you can’t risk losing any of your money, you should reconsider your plan to invest." Episode references: Financial Industry Regulatory Authority (FINRA): https://www.finra.org U.S. Securities and Exchange Commission’s Investor.gov: https://www.investor.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3066: Colin Wright explores the concept of a first principles lifestyle, applying the philosophical approach of breaking ideas down to their fundamental truths. By questioning societal assumptions and inherited beliefs, he advocates for intentional living based on personal values rather than external expectations. This method encourages deep self-discovery, helping individuals build a life that aligns with their true priorities rather than cultural norms. Read along with the original article(s) here: https://exilelifestyle.com/principles-lifestyle/ Quotes to ponder: “All men are mortal, Socrates is a man, therefore Socrates is mortal.” “Everything is impossible until it’s achieved, and this way of seeing things encourages shrugging off common knowledge in favor of fundamental assessment.” “A first principles lifestyle is focused on those underlying concerns and ideals and goals.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3065: Personal finance is all about making smart sacrifices today to reap financial security tomorrow. Honey Smith explores how strategies like saving for retirement, maintaining an emergency fund, and paying off debt help build lasting wealth, even when they seem like tough choices in the short term. By prioritizing financial well-being and making intentional decisions, you can create a more stable and rewarding future. Read along with the original article(s) here: https://www.getrichslowly.org/personal-finance-and-the-long-game/ Quotes to ponder: "Personal finance is about making choices that are harder in the short term for the good of the long term." "By maintaining a reasonable balance in liquid vehicles, you decide that losing out on some dividends or interest is a smarter choice than paying interest to a credit card company when emergency strikes." "Perhaps the biggest trick to the long game is realizing that you can't do everything at once. As the saying goes, you can have anything you want, but you can't have everything you want." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3064: Budgeting doesn’t have to feel restrictive or complicated. Kumiko of The Budget Mom breaks down four common myths that hold people back from taking control of their finances, debunking the idea that budgeting is boring, too much math, or unnecessary. With a simple mindset shift, a budget can become a tool for financial freedom, allowing you to plan for both your needs and wants while creating a future that aligns with your goals. Read along with the original article(s) here: https://www.thebudgetmom.com/budgeting-lies-vs-truths/ Quotes to ponder: "If budgeting isn’t fun, you are completely doing it wrong." "You have to look at budgeting as something that allows you to spend the money you do have on the things that matter most and are the most important to you." "Your budget is a plan, a guide on how you should spend your future dollars." Episode references: Equity Trust: https://www.InvestorUnleashed.com/optimal Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3063: Life is never without challenges, and waiting for a perfectly smooth path is an illusion. Alacias Enger explores the power of radical acceptance, letting go of resistance, and embracing the unexpected to grow into our fullest selves. By cultivating financial stability and a mindset of flow rather than fear, we can navigate life's inevitable hurdles with resilience and grace. Read along with the original article(s) here: http://www.mysensewithcents.com/2021/11/theres-always-going-to-be-something.html Quotes to ponder: "Saying yes to Reality in any given moment so what’s needed can come next." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3062: FIRECracker reflects on a potential health scare and shares the top regrets of the dying, reminding us that wealth, status, and possessions are meaningless if they come at the cost of authentic living. True freedom comes from financial independence, but even more so from the courage to pursue dreams, prioritize relationships, and embrace happiness before it’s too late. Read along with the original article(s) here: https://www.millennial-revolution.com/freedom/live-life-no-regrets/ Quotes to ponder: "I wish I’d had the courage to live a life true to myself, not the life others expected of me." "I wish I hadn’t worked so hard." "I wish that I had let myself be happier." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3061: Michelle Schroeder-Gardner highlights seven common purchases, including furniture, weddings, medical bills, and vacations, that should never be charged unless you can pay them off in full immediately. Avoiding these costly mistakes can help you stay in control of your finances and prevent unnecessary stress. Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/11/expenses-to-never-put-on-a-credit-card-finance-furniture.html Quotes to ponder: "Just because the monthly payment seems 'doable,' it doesn’t mean that it’s what’s best for you." "Wedding debt can cause arguments, stress, financial problems, and more." "A vacation is supposed to be that - a vacation. I couldn’t imagine that a vacation would be relaxing at all if you were paying interest on it for months or years to come." Episode references: The EconoMe Conference YouTube Channel: https://www.youtube.com/@EconoMeConference Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3060: Tracking every purchase and asking three simple questions can revolutionize your spending habits. Kalen Bruce highlights the power of intentionality in finances, encouraging mindfulness about whether a purchase is necessary, if there’s a more cost-effective way to buy it, and if quality should be prioritized. By applying this approach to everything from groceries to major expenses like housing and insurance, you can reduce wasteful spending and improve your financial well-being. Read along with the original article(s) here: https://freedomsprout.com/intentional-spending/ Quotes to ponder: "This is a way to stop that. Basically, you’re going to track everything you buy, just like you would when you start budgeting, but you’re going to actually talk about every single purchase." "It pays to spend more on quality, whether for your health or for your wallet. Or both." "If you’re intentional about the things you’re spending your money on, you’re going to spend less and spend on the right things - improving your financial health." Episode references: Intentional Children: https://www.amazon.com/Intentional-Children-Raising-Money-Smart-Intention/dp/1734973439 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3059: Jeff Rose reflects on his father's financial struggles, revealing how stress from debt contributed to his declining well-being and ultimate passing. By recognizing warning signs like constant financial anxiety, relying on credit to pay off credit, and frequently borrowing money, we can step in to help loved ones break the cycle before it's too late. Read along with the original article(s) here: https://www.goodfinancialcents.com/dear-dad-why-did-you-let-debt-kill-you/ Quotes to ponder: "It wasn’t his heart alone that killed him, it was his debt." "If someone is using one credit card to pay the minimum payment on another, or taking out a cash advance on a card to make a payment, there are multiple problems." "Don’t wait or sit back silently, hoping something will change. Become an agent of change. When you see the warning signs, speak up." Episode references: You Need a Budget App: https://www.youneedabudget.com Soldier of Finance: https://www.amazon.com/Soldier-Finance-Charge-Invest-Future/dp/0814433286 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3058: Joshua Becker explores practical ways to guide young people in resisting materialism, understanding advertising influence, and prioritizing experiences over possessions. By fostering mindful consumption habits early, parents can empower teens to make thoughtful financial choices that align with their values. Read along with the original article(s) here: https://www.becomingminimalist.com/consumer-conscious-teens/ Quotes to ponder: "Marketers spend billions of dollars every year targeting our children with advertisements, hoping to shape their buying habits for decades to come." "Help them see that happiness is not found in the accumulation of possessions, but in the pursuit of meaning, relationships, and contribution." "The best way to help our teenagers become wise consumers is to model it ourselves." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3057: Andy Hill shares how this decision helped his family stay disciplined, build wealth faster, and eliminate debt years ahead of schedule. If paying off your mortgage early aligns with your goals, his insights might just inspire you to rethink your home loan strategy. Read along with the original article(s) here: https://marriagekidsandmoney.com/5-reasons-to-choose-a-15-year-mortgage Quotes to ponder: "We would be saving nearly $100,000! Instead of giving the mortgage company $95,130, we decided to keep it." "When we're completely debt-free, we're going to be able to live more, give more, and save more." "The 15-year helps to accelerate the mortgage payoff process and brings us closer to a more stress-free lifestyle in the Hill house." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3056: J. Money explores whether saving $50 a day is realistic and how to make it painless. By identifying small spending leaks, making simple swaps, and staying intentional with money, you can build a solid financial cushion without feeling deprived. These practical tips prove that smart saving is more about mindset than sacrifice. Read along with the original article(s) here: https://www.budgetsaresexy.com/save-50-day-and-feel-no-pain-hmmi-dunno/ Quotes to ponder: "Saving money isn’t always about cutting out the fun, it’s about being more intentional with where your dollars go." "When you track your spending, you start to notice patterns and little leaks where money slips away unnoticed." "Small changes, like brewing coffee at home or packing lunch, add up faster than you think." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3055: Steven Keys challenges conventional wisdom, highlighting how herd mentality can lead to poor choices in finance, lifestyle, and beyond. By seeking out unconventional perspectives, prioritizing logic, and boldly carving your own path, you can break free from societal norms and create a life that truly fits you. Read along with the original article(s) here: https://www.tripofalifestyle.com/perspective/everyone-else-could-be-wrong/ Quotes to ponder: "You really shouldn’t go along with anyone, majority or minority, blindly." "Even if you ask more people or find more resources, you’ll have a psychological tendency to ignore the outliers, even when they’re actually correct." "When you open yourself up to the possibility of thinking differently from everyone else, you set yourself free." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3054: Barney of TheEscapeArtist.me explains how to calculate your runway, why an emergency fund is essential, and how financial independence shifts your options and decision-making. More runway means more freedom, but the benefits plateau after a certain point, making it crucial to define what "enough" means for you. Read along with the original article(s) here: https://theescapeartist.me/2021/10/19/the-more-runway-you-have-the-safer-you-are/ Quotes to ponder: "The moral of this story is that the more runway you have, the safer you are." "You need to have a margin of safety in your life. Some redundancy in your personal finances in case of redundancy in your career." "It is HUGE to go from having no runway to having the ability to take a year off. But just going from 25x to 26x shouldn’t really change your life much." Episode references: The Psychology of Money by Morgan Housel: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3053: Traditional savings accounts might be holding you back. Tiffany "The Budgetnista" Aliche highlights the power of online-only savings accounts, explaining how they offer higher interest rates, fewer fees, and better financial discipline by keeping your savings out of easy reach. Learn how to set one up and maximize your money with smart, simple strategies. Read along with the original article(s) here: https://thebudgetnista.com/the-power-of-an-online-only-savings-account/ Quotes to ponder: "An online-only savings account is like a financial gym - it helps strengthen your saving muscles by keeping your money separate from your daily spending." "When your savings account is harder to access, you're less likely to dip into it for impulse purchases." "Online banks often offer interest rates that are 10 to 20 times higher than traditional banks. That means your money grows faster - without any extra effort." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3052: JL Collins breaks down how to shift your mindset from short-term price fluctuations to long-term ownership, using VTSAX as a prime example of investing in the entire U.S. economy. Learn why patience, resilience, and a buy-and-hold strategy can lead to financial security over time. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: "You can’t successfully dance in and out of the Market." "As long as the company is sound, the fluctuations in its stock price are fairly inconsequential." "Nothing is sure, but I can’t think of a surer bet than this." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3051: JL Collins breaks down the mindset shift needed to stop thinking about what money can buy and start focusing on what it can earn. By understanding opportunity cost and the power of compounding, you can make choices that lead to long-term prosperity rather than fleeting riches. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: “It’s not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And what the money it earns can earn.” “You have probably heard of The Magic of Compounding. As your savings grow, you earn interest on a bigger and bigger pool of money.” “One of the beauties of being financially independent is that by definition you will have enough money so that the power of Compounding is greater than the Opportunity Cost of what you spend.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3050: Nia Shanks emphasizes the importance of finding an approach to training and eating that works for you rather than forcing a method that causes stress or doesn’t align with your preferences. Whether it’s strength training, intermittent fasting, or another nutrition plan, success comes from experimentation and personalization, not rigid adherence to popular advice. Read along with the original article(s) here: https://www.niashanks.com/reason-not-getting-results-what-to-do/ Quotes to ponder: "You don’t have to do what’s popular or what other experts swear by if that method doesn’t fit your lifestyle and personality." "Bottom line with nutrition is don’t be afraid to experiment and discover what works for you." "Bottom line, if a particular method doesn’t fit your personality or mesh with your lifestyle, then don’t force it." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3049: Changing jobs for a higher salary can be tempting, but Philip Taylor argues that money alone shouldn’t be the deciding factor. Job satisfaction, stability, and lifestyle impact are key considerations, as frequent job-hopping can lead to long-term dissatisfaction. While salary surveys can help determine fair pay, sometimes staying put and building career capital offers more benefits than chasing a bigger paycheck. Read along with the original article(s) here: https://ptmoney.com/changing-jobs-for-more-money-is-it-worth-it/ Quotes to ponder: "You absolutely hate what you do; if you don’t, you’re likely to be miserable and just go about the motions because you need the money." "When you change jobs just for the money, there’s no end to it; you tend to keep job-hopping all your life, flitting like a bee from flower to flower without really gathering anything of substance." "All things being equal, you need to get the best salary that the market will pay." Episode references: PayScale Salary Survey: https://www.payscale.com/ Salary.com: https://www.salary.com/ Money.com Best Places to Live: https://money.com/best-places-to-live/ So Good They Can’t Ignore You: https://www.amazon.com/So-Good-They-Cant-Ignore/dp/1455509124 Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 3019: JL Collins emphasizes the power of simplicity in investing, advocating for a two-fund strategy using VTSAX (stocks) and VBTLX (bonds) to navigate the wealth acquisition and preservation stages. He explains that while 100% stocks often yield the best returns, adding a small percentage of bonds can smooth volatility. The key to success isn’t complexity but discipline staying the course through market ups and downs while keeping costs low. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: “There is a major crash coming and you’ve got to toughen up, cupcake, because nobody can predict when, despite all those claiming they can.” “The more you hold in stocks the better your results and the more gut wrenching the volatility you’ll be required to endure.” “Making a few sound choices and letting them run is the essence of success, and the soul of the simple path to wealth.” Episode references: Vanguard Retirement Nest Egg Calculator: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf Betterment: https://www.betterment.com 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

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 3018: Small habits shape our lives more than we realize, and Steve Chou explains how a single tiny change can set off a chain reaction of lasting success. By shifting just one routine, you can reshape your mindset, build momentum, and create exponential growth over time. Understanding the power of habit formation unlocks your potential for long-term transformation. Read along with the original article(s) here: https://mywifequitherjob.com/your-habits-and-how-one-small-change-can-lead-to-long-term-success/ Quotes to ponder: "Small changes, when consistently repeated, create exponential results over time." "The habits you cultivate today determine the trajectory of your future success." "Success isn’t built overnight; it’s the result of tiny, consistent steps taken over time." Episode references: Atomic Habits: https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299 Tiny Habits: https://www.amazon.com/Tiny-Habits-Changes-Change-Everything/dp/0358003326 The Power of Habit: https://www.amazon.com/Power-Habit-What-Life-Business/dp/081298160X 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

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 3017: Many high-income earners still struggle financially, living paycheck to paycheck due to unchecked spending habits. Christina Browning of OurRichJourney.com highlights key reasons why, from overspending on housing, cars, and gadgets to financing vacations and keeping up appearances. By identifying these pitfalls and shifting toward mindful money management, financial independence becomes more attainable. Read along with the original article(s) here: https://www.ourrichjourney.com/post/the-10-reasons-why-youre-living-paycheck-to-paycheck Quotes to ponder: "You don’t know where your money is going this is a pretty basic one, and can easily be solved by making a budget and tracking your expenses." "Keeping up with the Joneses is nowhere near as important as having assets and financial stability." "Vacations can cost big money! My recommendation to you: budget for your vacation, plan your vacations out ahead of time, save for your vacations, and don’t go into debt over a vacation!" 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

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 3016: Firecracker reflects on her past as a "hater," resisting the hard truths of Larry Smith's TED talk on fear and excuses. Over time, she recognizes that her resistance was rooted in fear of failure, leading her to push past self-doubt and pursue her dreams. Her journey highlights the power of self-awareness, the courage to face discomfort, and the importance of stepping out of the safety of excuses to build a fulfilling life. Read along with the original article(s) here: https://www.millennial-revolution.com/freedom/i-used-to-be-a-hater/ Quotes to ponder: "When you’re afraid, it’s easy to become a hater. Because haters don’t need to step into the arena, they don’t need to look ridiculous, they don’t need to show up, day after day, week after week, year after year." "I’m glad I’m not a hater anymore. I’m glad I pushed past the fear. I’m glad I got to where I am today because I refused to let myself get too comfortable." 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

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 3015: Daneika of Learning2Fly.org shares five essential financial habits every powerful woman should cultivate to create financial freedom and stability. From paying yourself first and living below your means to eliminating debt and building an opportunity fund, these habits empower women to take control of their financial future. By mastering these principles, you'll have the flexibility to embrace opportunities and navigate life's uncertainties with confidence. Read along with the original article(s) here: https://learning2fly.org/5-financial-habits-every-powerful-woman-needs/ Quotes to ponder: "Your biggest financial obligation is to yourself first." "The more of a gap you can create between what you earn and what you spend, the easier it will be to navigate a sudden job loss, an unexpected medical condition, or major car repair." "Whatever long-term goals you may have, deciding to create an opportunity fund for yourself will give you the ability to say yes to your deepest desires and dreams in the future." 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

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 3014: Reviewing your insurance policies annually can save you money and ensure you have the right coverage. Harry Stout emphasizes the importance of shopping around for auto, home, and renters insurance, maximizing discounts, and considering a personal umbrella liability policy for added protection. Small adjustments like bundling policies, improving your credit score, or raising deductibles can lead to significant savings while keeping you financially secure. Read along with the original article(s) here: https://www.financialverse.com/post/review-your-car-home-or-renters-insurance Quotes to ponder: "You can save money on your home, renters, and car insurance coverage by taking some time once per year to see if you are getting a competitive price for the coverage you need." "Raising your deductible can save you as much as 25% on your premium." "Shopping around with different insurance carriers will make sure you have the best rates possible." Episode references: Insurance Information Institute: https://www.iii.org Top Tips for The Best Car Insurance Plan: https://cheapquotesautoinsurance.com/top-tips-for-the-best-car-insurance-plan 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

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 3013: J. Money breaks down Mark Cuban’s no-nonsense approach to getting rich, emphasizing discipline, smart spending, and having cash ready for opportunities. Cuban warns against get-rich-quick schemes, promotes lifelong learning, and challenges conventional retirement savings by prioritizing cash liquidity over long-term stockpiling. J. Money adds his own insights, making wealth-building feel practical, strategic, and achievable. Read along with the original article(s) here: https://www.budgetsaresexy.com/mark-cuban-how-to-get-rich/ Quotes to ponder: "There are no shortcuts. NONE. If a deal is a great deal, they aren’t going to share it with you." "Save as much money as you possibly can. Every penny you can. no matter what." "It doesn’t matter what it is. Whatever your hobbies, interests, passions are, find the one you love the best and GET A JOB in the business that supports it." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 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

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 3012: Jen Hayes breaks down five common money habits that could be keeping you broke. From emotional spending to avoiding financial planning, these behaviors can quietly sabotage your financial health. Learn how to spot these habits and replace them with smarter choices to build long-term financial security. Read along with the original article(s) here: https://www.jenhayes.me/5-terrible-money-habits-keeping-you-broke/ Quotes to ponder: "Emotional spending feels good in the moment, but it can wreck your budget in the long run." "Small daily expenses, like coffee runs and impulse buys, add up faster than you think." "Without a plan, money disappears - it’s time to take control and tell it where to go." 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

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 3011: Julien Saunders challenges us to rethink common expenses, from greeting cards to kitchen gadgets, that drain resources unnecessarily. By examining these habits, he highlights the power of questioning societal norms and embracing creative alternatives to better align spending with personal values and financial goals. Read along with the original article(s) here: https://richandregular.com/5-things-you-should-stop-wasting-money-on/ Quotes to ponder: "Do I literally hate greeting cards? Of course not. Well, at least not as much as I hate the excuses some people make for not having enough money to save and invest." "In a world where we can push a button on a screen and actually see someone’s face in real-time, the process of sending greeting cards seems more like a wasteful commitment to clutter and inefficiency than a heartfelt notion." "Whether it’s finally pulling the plug on a stalled career, quitting a cash-draining hobby turned business endeavor, or realizing that we may actually never grow into our home, there are likely better decisions we could all be making with our money." 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

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 3010: Zoe Kim’s insight into minimalism explores how simplifying your life can lead to greater clarity, purpose, and emotional well-being. Through her thoughtful perspective, she demonstrates how owning and wanting less creates space for what truly matters. Read along with the original article(s) here: https://nosidebar.com/life-of-minimalism/ Quotes to ponder: "A minimalist life removes the distractions of excess to make room for more important pursuits." "Simplicity isn’t about deprivation; it’s about intention and clarity." "Owning less is great, but wanting less is even better." Episode references: Becoming Minimalist Blog: https://www.becomingminimalist.com Simplify Magazine: https://simplifymagazine.com The Minimalist Home: https://www.amazon.com/Minimalist-Home-Room-Room-Decluttered/dp/1601427999 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

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 3009: Chris of KeepThrifty.com explores the trade-offs between prepaying your mortgage and investing, emphasizing the role of risk tolerance and personal preferences. While investing often yields higher returns, the guaranteed stability of prepayments can bring peace of mind, especially for those who value financial certainty over potential gains. Read along with the original article(s) here: https://www.keepthrifty.com/2016/06/05/prepay-vs-invest.html Quotes to ponder: "Much of our momentum on paying the mortgage down can be attributed to the prepayments we’ve made along the way." "For my risk-profile, the relative downside (pain) of losing $33,000 is more impactful than the relative upside (gain) of getting $55,000." "Before you make any major financial decision, do the math and know your mentality!" 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

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 3008: Sam from Financial Samurai explores the consequences of closing credit cards, sharing personal insights and practical advice to safeguard your credit score and financial health. By understanding key factors like credit history, credit line usage, and account management, you can make informed decisions about whether to keep or close your credit cards. Read along with the original article(s) here: https://www.financialsamurai.com/should-i-close-out-my-credit-cards/ Quotes to ponder: "To build a good credit score, you need to prove you can handle credit!" "If a credit card doesn’t have an annual fee, I see little reason to close it unless, of course, you think it will tempt you to overspend." "Work on kicking your addictive habits first, before using a credit card." 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

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 3007: Explore the advantages of setting up a family trust to secure your assets, streamline estate planning, and ensure your legacy is protected. This guide highlights the steps, benefits, and key considerations to help you decide if a family trust aligns with your financial goals. Read along with the original article(s) here: https://www.goodfinancialcents.com/family-trust-benefits-setting-up-trust/ Quotes to ponder: "A family trust can offer a combination of asset protection and peace of mind for generations." "Setting up a trust isn't just for the wealthy; it's for anyone who wants their assets managed with care and foresight." "A trust simplifies estate management, making it easier for your loved ones to focus on what truly matters." 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

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 3006: ESI from ESIMoney.com breaks down the transformative power of investing, the third step in the "Earn, Save, Invest" wealth-building strategy. By focusing on amount, time, and return, investments compound to multiply your net worth over time. With insights into index funds, real estate, and more, this guide simplifies how to grow wealth efficiently. Read along with the original article(s) here: https://esimoney.com/invest-overview-fueling-your-net-worth/ Quotes to ponder: "Time is the best way to maximize your investment return because your money starts to make money. And then that money starts making money." "Investing is the step that supercharges your net worth and opens the door to high levels of wealth." "Done well, your net worth will shoot to the moon." Episode references: The Simple Path to Wealth by JL Collins: 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

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 3005: Chelsea from SmartMoneyMamas.com explains the practical steps to safeguard your budget from unexpected expenses by dividing them into predictable and unpredictable categories. She highlights the importance of building annual budgets, creating sinking funds, and prioritizing an emergency fund to transform financial stress into manageable bumps in the road. Read along with the original article(s) here: https://smartmoneymamas.com/how-to-plan-for-unexpected-expenses/ Quotes to ponder: "Building irregular expenses into your budget is one of the pillars of creating a budget that works long-term." "It always seems impossible until it is done." "An emergency fund is your financial life jacket. It keeps you from sinking into debt just because you didn’t budget for something." Episode references: YNAB (You Need a Budget): https://oldpodcast.com/track Qube Money: https://qubemoney.com University of Minnesota Extension on family clothing budgets: https://extension.umn.edu Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3004: Chris Reining's exploration of risk and reward illustrates how calculated risk-taking, as seen in Arnold Schwarzenegger's multifaceted career and real estate investments, paves the way for growth and success. He delves into tailoring investment strategies to personal risk tolerance, emphasizing the balance between safety and potential returns, and highlights the importance of long-term perspective in weathering market volatility. Read along with the original article(s) here: https://chrisreining.com/risk-reward/ Quotes to ponder: "Safety is fine, just be aware risk gets the rewards." "My intention was to minimize my future regret. So I split my contributions 50/50 between bonds and equities." "If there was a way to make money hand over fist with no risk wouldn’t everyone on the planet be rich?" Episode references: The Investor’s Manifesto: https://www.amazon.com/Investors-Manifesto-Preparing-Prospering-Rational/dp/0470505141 Tools of Titans: https://www.amazon.com/Tools-Titans-Billionaires-World-Class-Performers/dp/1328683788 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3003: Kelley Long shares practical advice for navigating the complexities of hiring a tax professional. Whether you're a self-employed entrepreneur or have straightforward tax needs, she clarifies the roles of tax preparers, EAs, and CPAs, and offers actionable tips to ensure you find the right expert to save time, money, and stress. Read along with the original article(s) here: https://www.financialfinesse.com/2017/04/26/how-to-find-a-good-tax-preparer/ Quotes to ponder: "Pretty much anyone can call themselves a tax preparer, although the IRS has started to regulate that by requiring people who accept payment for preparing taxes to have a PTIN." "If time is money, then the money we pay our accountant to prepare and file our taxes is money well spent." "The sad fact is that there aren’t a lot of CPAs out there that actually want to do income taxes for regular families who just have jobs, kids, a house, and a few charitable donations." Episode references: Illinois CPA Society: https://www.icpas.org National Association of Enrolled Agents: https://www.naea.org Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3002: Leo Babauta outlines a practical system to make habits stick by addressing common obstacles like loss of enthusiasm, distractions, and negative self-talk. By starting small, creating strong accountability, and setting up reminders, you can effectively overcome these challenges and turn new behaviors into lasting habits. Read along with the original article(s) here: https://zenhabits.net/stick/ Quotes to ponder: "Your mind says, 'This is too hard!' or 'Skipping it this time won’t hurt!' These are just weaselly ways to get out of discomfort." "Don’t negotiate with these terrorists. Notice when these thoughts come up, and banish them." "Start small. Keep the habit very small. As small as possible, until it becomes your new 'normal.'" Episode references: Good Habits, Bad Habits: https://www.amazon.com/Good-Habits-Bad-Science-Positive/dp/1250159075 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3001: Kumiko Love explores the pervasive culture of instant gratification and its impact on finances. She offers practical tools like Shopping Lists, Wait Lists, and Instant Gratification Wish Lists to help you cultivate patience and make thoughtful spending decisions. By focusing on delayed gratification, you can achieve financial goals while still enjoying occasional treats without guilt. Read along with the original article(s) here: https://www.thebudgetmom.com/instant-gratification-wish-list-becoming-a-patient-spender/ Quotes to ponder: “Getting what we want right now does not make our lives better LATER.” “Delayed gratification is being kind to your future self.” “The goal with the Instant Gratification Wish List is to turn the ‘Instant’ into ‘Anticipated.’” Learn more about your ad choices. Visit megaphone.fm/adchoices

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 3000: In "7 Rules for Growing Slow (But Sustainable) Wealth," the editors of GetRichSlowly.org outline a clear framework for building lasting financial security. From prioritizing net income over gross, to diversifying income streams and leveraging investments strategically, these principles emphasize steady, long-term growth. The goal is not overnight success, but a decade-long journey towards financial independence through discipline, risk tolerance, and smart scaling. Read along with the original article(s) here: https://www.getrichslowly.org/7-rules-for-growing-slow-but-sustainable-wealth/ Quotes to ponder: "Think net instead of gross increasing your net income by lowering your taxes is no different than raising your gross income." "Create budgets to save some and invest the rest. This by itself is a savings account with minimal risk that leads to much better returns." "Scaling is your ability to add different types of investments to your portfolio based on the size of your wealth." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2999: Discover when refinancing your mortgage could be a smart financial move and when it might not be worth the effort. This guide demystifies key factors like interest rates, loan terms, and closing costs to help you make informed decisions that align with your financial goals. Read along with the original article(s) here: https://marriagekidsandmoney.com/when-it-makes-sense-to-refinance-your-mortgage-when-it-doesnt Quotes to ponder: "Refinancing isn't always about lowering your interest rate; it's about aligning your loan with your long-term financial goals." "The savings from refinancing depend on how long you stay in the home after the refinance closes." "Don't let lower rates fool you into forgetting the upfront costs - it’s the overall picture that counts." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2998: Craig Stephens explores various "minus your age" rules for determining a balanced stock-to-bond portfolio allocation. By adjusting the formula constants (100, 120, 130, or up to 140), investors can align their strategy with personal risk tolerance and investment horizons. With a flexible and data-backed approach, Stephens emphasizes that these rules of thumb serve as guidelines rather than strict laws, highlighting the importance of adjusting allocations over time as circumstances change. Read along with the original article(s) here: https://www.retirebeforedad.com/minus-your-age-rule-asset-allocation/ Quotes to ponder: “Personal finance is littered with rules of thumb but devoid of concrete laws.” “Age should influence stock-to-bond allocation, and we should increase bond holdings as we age.” “Even if you reach your target asset allocation, the next day it will change when the market opens.” Episode references: The Little Book of Common Sense Investing by Jack Bogle: https://www.amazon.com/dp/0470102101 Vanguard Research: https://investor.vanguard.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2997: Tyler Tervooren explores the hidden stress that comes with focusing on productivity and hourly earnings, revealing how it can unintentionally bleed into every aspect of life, even leisure. He emphasizes the need to prioritize creative downtime and personal moments to truly enhance productivity and happiness, suggesting strategies to balance efficiency with fulfillment. Read along with the original article(s) here: https://www.riskology.co/productivity-vs-creativity/ Quotes to ponder: "I was falling into a subconscious trap: putting a dollar value on every hour—even if those hours shouldn’t be compared." "Will a painter create their best work doing nothing but mastering brush strokes, or do they need to spend time thinking about the purpose behind the strokes too?" "Stepping back and looking at your work as a whole drives creativity. It helps you get out of your routine for a moment and look at the bigger picture." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2996: Dr. Leif Dahleen debunks common financial misconceptions like "free" travel with credit card points, the necessity of budgeting, and the idea that everyone needs a side hustle. He explains how credit card rewards aren’t truly free and challenges the notion that earning more is always better than spending less, especially when taxes are factored in. His insights encourage intentional spending and a realistic approach to personal finance. Read along with the original article(s) here: https://www.physicianonfire.com/money-myths/ Quotes to ponder: “You might be inclined to consider these flights as ‘free travel,’ but the truth is that you could have $500 cash in your pocket instead.” “A dollar saved is better than a dollar earned. Every $1.00 that you don’t spend is about $1.60 that you don’t have to earn.” “Side gigs can be great for non-financial reasons but a main gig ought to be enough to support you and your family financially.” Episode references: YNAB (You Need a Budget): https://www.youneedabudget.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2995: Dr. Leif Dahleen challenges the concept of passive income, illustrating how many success stories labeled as "passive" are far from it. From real estate to blogging, he highlights the substantial effort often hidden behind these narratives, debunking myths around dividend investing, side hustles, and more. This eye-opening critique urges readers to rethink popular financial advice and to focus on realistic financial planning. Read along with the original article(s) here: https://www.physicianonfire.com/money-myths/ Quotes to ponder: "There is no shortcut to success. I worked many early mornings and late nights on my side hustles, especially early on." "What she’s earning is active income. Blogging is work. It’s flexible and fun work, but I doubt there were many weeks where I didn’t spend at least 20 hours doing something." "Yes, it can be profitable, and some of the work can be outsourced, but it’s way too much work for the word 'passive' to be anywhere near it." Episode references: NIIT Tax Information: https://www.irs.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2994: Antonia Collins explores the emotional and practical challenges of decluttering, particularly the guilt of wastefulness. She offers actionable strategies like donating, selling, and changing your mindset to make decluttering a positive and liberating experience. This article inspires readers to embrace simplicity while letting go of regret for past decisions. Read along with the original article(s) here: https://balancethroughsimplicity.com/how-to-declutter-without-feeling-wasteful-is-decluttering-a-waste-of-money/ Quotes to ponder: "The waste comes when you purchase an item unwisely. Getting rid of something unworn for years doesn’t waste money less than buying it in the first place." "Shift your thoughts from a negative mindset and replace it with positive hope for the future and what a clutter-free home will give you instead." "Be kind to yourself, take power over your stuff instead of letting your stuff hold power over you." Episode references: You Need a Budget (YNAB): https://www.youneedabudget.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2993: Courtney Carver offers a compassionate guide to breaking free from impulsive shopping patterns. She shares eight practical, judgment-free strategies to align your spending with your values, simplify your life, and foster intentional habits that nurture both your wallet and your well-being. Read along with the original article(s) here: https://bemorewithless.com/shopping-habits/ Quotes to ponder: "Instead of finding gratification in owning, find it in appreciation for the item." "You’ve already paid enough with your money, time, attention, energy, and emotions. You don’t have to continue paying with guilt." "Simply becoming more aware of how you spend and why you buy will allow you to shift your shopping habits with more ease." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2992: Dave of AccidentalFIRE.com explores how sensationalized media and misplaced fears can lead to poor decision-making, particularly regarding child safety and financial risks. By comparing perceived versus actual threats, he emphasizes the importance of focusing on long-term risks and cultivating a rational approach to financial independence. Read along with the original article(s) here: https://accidentalfire.com/2017/12/19/sensationalizing-risk/ Quotes to ponder: "Sure, in some cases knowledge can perhaps prevent injury or even death, but don’t fool yourself into thinking you can eliminate risk from your child’s life." "Most people seem to focus on the possible short-term threats to their financial security, and ignore the longer term ones." "To stay on track financially, you should assess the likelihood of a particular risk as compared to others especially with the timelines involved and act accordingly." Episode references: The Science of Fear: Why We Fear the Things We Shouldn't--and Put Ourselves in Greater Danger: https://www.amazon.com/Science-Fear-Shouldnt-Ourselves-Greater/dp/0452295467 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2991: Mr. 1500's story of "Bad Car Bill" highlights the power of frugality and resisting lifestyle inflation. Bill’s modest choices driving a clunker, packing lunches, and avoiding flashy expenses allowed him to quietly accumulate wealth while peers squandered theirs. This thought-provoking tale challenges us to reconsider the allure of materialism and embrace financial wisdom. Read along with the original article(s) here: https://www.1500days.com/the-tale-of-bad-car-bill/ Quotes to ponder: "The consultants were a fascinating bunch to watch. They had no trouble finding ways to blow all of their new wealth very quickly." "Bad Car Bill lived the frugal life, saving and investing his money. Same old clothes, same old car and same old lunch in a paper sack from wherever home was." "Every once in a while, I think back on my days at that job, sitting on the patio at work eating lunch, I like to think he was laughing on the inside at the rest of them." Episode references: Mr. Money Mustache Blog: https://www.mrmoneymustache.com The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2990: Paula Pant challenges the "everyone has debt" mentality, urging readers to focus on whether debt is beneficial rather than normal. By highlighting the opportunity cost of debt and the importance of intentional financial choices, she advocates rejecting societal norms in favor of long-term financial health. Read along with the original article(s) here: https://affordanything.com/reject-the-everyone-has-debt-mentality/ Quotes to ponder: "Everybody has car loans, everyone has credit card debt, everyone has student loans, but it wasn’t until I added all these balances up that I knew we had a problem." "This mentality, the 'everyone has debt' mentality, is dangerous." "Reject the normalization of debt: focus on making good choices, not common ones." Episode references: Clark Howard's Money Blog: https://clark.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2989: Kalen Bruce explores two powerful strategies for paying off debt - the debt snowball and the debt avalanche. By comparing their benefits and drawbacks, this article empowers you to choose the method that aligns with your financial goals and motivation style, whether you crave small wins or want to minimize interest payments. Read along with the original article(s) here: https://moneyminiblog.com/debt-relief/pay-off-debt-snowball-vs-avalanche Quotes to ponder: "If you become debt free, you win. It doesn’t matter which method you used once you are debt free." "Personal finance is less about the math and more about behavior, habits, and mindset." "Sometimes the right method may not make the most sense on paper, but if it works, you still win!" Episode references: Dave Ramsey's The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Dave-Ramsey/dp/1595555277 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2988: FIRECracker of Millennial-Revolution.com shares how comparisons can derail your journey to financial independence. Instead of measuring yourself against others, focus on your own progress and celebrate each milestone. The FIRE journey is about growth, not a race to the finish line, and cherishing small victories can keep you motivated and fulfilled along the way. Read along with the original article(s) here: https://www.millennial-revolution.com/build/dont-let-comparisons-derail-fire-journey/ Quotes to ponder: "Comparison is the thief of joy. Don’t compare your beginning with someone’s middle or end." "Your FIRE journey is about growth and progress. It’s about celebrating all the wins along the way." "If you don’t do it, the time will pass anyway. Would you rather be richer in 10 years or exactly where you are now?" Episode references: The Simple Path to Wealth by JLCollins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2987: Barney from TheEscapeArtist.me draws an insightful parallel between winning at Monopoly and managing personal finances effectively. By focusing on strategic investments, avoiding distractions, and playing the long game, individuals can set themselves up for financial success. The message is clear: adopting a Monopoly mindset buying assets, avoiding debt traps, and holding investments can dramatically improve one's financial well-being. Read along with the original article(s) here: https://theescapeartist.me/2023/12/09/if-more-people-did-money-like-they-play-monopoly-theyd-be-a-lot-better-off/ Quotes to ponder: "Imagine playing Monopoly and never buying assets or investments that generate income. This is how most people live their life." "You already know how to win at Monopoly. But you only really know it if you do it." "Get rich slowly, get started quickly." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2986: Dr. Ashley Burkman from Smart Money Mamas.com delves into the often-overlooked expenses associated with childbirth, offering valuable insights for expectant parents. From understanding insurance deductibles to choosing between hospitals, birthing centers, and home births, she guides couples in making informed decisions to manage maternity costs effectively while preparing for the unexpected. Read along with the original article(s) here: https://smartmoneymamas.com/maternity-medical-costs/ Quotes to ponder: "Even with a birth plan, having a Plan B or Plan C for alternative scenarios like complications is helpful." "If your pediatrician does not make you feel supported, pick a different doctor." "It's better to over-prepare than to be underprepared when it comes to medical costs." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2985: Fritz Gilbert explores how small financial decisions can significantly impact long-term wealth. By harnessing the power of compound interest, even modest savings can snowball into substantial retirement funds. Whether you're just starting your career or nearing mid-life, strategic saving can transform your financial future and ultimately help you achieve that millionaire milestone. Read along with the original article(s) here: https://www.theretirementmanifesto.com/56-so-you-want-to-be-a-millionaire/ Quotes to ponder: "One decision, early in life, compounded over many decades, has a profound impact on your long term financial wealth." "Recognize the impact your small purchases make when compounded over time." "Do it long enough, aggressively enough, intentionally enough, and you will become a millionaire." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2984: Steven Keys simplifies the complex world of credit cards, offering an easy, stress-free strategy to maximize rewards and boost credit scores. By paying balances in full each month and choosing no-fee, cash-back cards, you can profit from rewards programs without falling into debt traps. Read along with the original article(s) here: https://www.tripofalifestyle.com/money/guide-to-credit-cards/ Quotes to ponder: "Credit cards aren’t evil, scary, or complex, but using them correctly does require you to know a few facts that most people are never told." "Just pay your statement balance in full every single month no exceptions." "You should charge literally everything you buy on your credit card, to maximize the rewards." Episode references: EconoMe Conference: https://www.economeconference.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2983: A Purple Life shares the rationale behind a 100% US stocks portfolio, emphasizing simplicity, higher returns over time, and the built-in international exposure of US index funds. By maintaining a flexible, minimalist lifestyle and an adaptive mindset, the author demonstrates how careful financial planning can align with personal values and long-term goals. Read along with the original article(s) here: https://apurplelife.com/2019/10/29/why-i-own-100-us-stocks/ Quotes to ponder: “Simple is good. Simple is easier. Simple is more profitable.” “My lifestyle is completely flexible. I have absolutely no roots or anything keeping me in one location.” “Life is about learning and adapting based on new knowledge, but for now I’m riding the wildly bucking unicorn that is 100% US stocks.” 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

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 2982: Saving for retirement is a struggle for many, but Philip Taylor dismantles seven common excuses from "it's selfish" to "it's too late" that hold people back from securing their financial future. By addressing misconceptions and providing actionable solutions, Taylor empowers readers to take the first step toward financial independence, regardless of their current age or income. Read along with the original article(s) here: https://ptmoney.com/7-retirement-savings-excuses-you-can-overcome/ Quotes to ponder: "Saving for your retirement is the complete opposite of selfish." "To have a little success in life you might just have to learn something." "When you’re young, retirement is a long way off, but you’ve got time on your side." Episode references: IRA Catch-Up Contributions: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-catch-up-contributions Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2981: Kiersten Saunders shares her perspective on embracing passive investing as a deliberate choice rooted in simplicity, lower costs, and long-term growth. By prioritizing buy-and-hold strategies for real estate and index funds for stocks, she highlights the benefits of transparency, reduced tax burdens, and financial freedom. Her reflections challenge the cultural emphasis on overworking, advocating instead for trust in time and patience to achieve lasting financial independence. Read along with the original article(s) here: https://richandregular.com/what-it-means-to-be-a-passive-investor/ Quotes to ponder: "Passive isn’t a lack of effort, it’s a choice to direct your energy toward what matters most." "I had to learn the difference between confidence and competence." "If I perceive time as something to be feared, everything that requires it will be seen as a problem." Episode references: 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

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 2980: Lisa Harrison outlines a practical strategy for reclaiming financial discipline when old spending habits resurface. Through goal prioritization, progress tracking, budget adjustments, and family meetings, her approach empowers individuals and families to regain control, sustain frugality, and achieve long-term financial goals without feeling overwhelmed. Read along with the original article(s) here: https://madmoneymonster.com/2019/08/26/how-to-execute-a-frugal-reboot-when-old-spending-habits-appear/ Quotes to ponder: "Shifting goals without a solid plan can easily allow you to lose financial focus." "Tracking your net worth is a key to staying motivated because you can see progress with your own two eyes." "Your budget is fluid, and you’re in control." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2979: Christina Browning outlines nine actionable steps for achieving financial independence and early retirement (FIRE). From adopting a positive mindset and creating a budget to cutting expenses, increasing income, and investing, this roadmap is practical and motivational. Browning emphasizes flexibility and adaptability, ensuring that your journey to financial freedom is sustainable and enjoyable. Read along with the original article(s) here: https://www.ourrichjourney.com/post/9-things-to-do-to-reach-financial-independence-and-retire-early Quotes to ponder: "Budgeting is non-negotiable. You cannot achieve financial independence without a budget because it is a vital part of the planning process." "Your money needs to work harder than you, and it needs to keep working even after you stop." "This is YOUR journey! Don’t let your journey be dictated by the negativity of others!" Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2978: Beth Wittig Clayton delves into the challenge of balancing authenticity with the human need for acceptance. Discover empowering strategies to overcome self-sabotage, honor your personal journey, and nurture healthier, more fulfilling connections. Read along with the original article(s) here: https://markfisherfitness.com/how-to-avoid-sabotaging-yourself-to-be-accepted/ Quotes to ponder: "You can’t sacrifice your dreams on the altar of belonging." "Authenticity is not about disregarding others, but about honoring your own journey." "The need to belong is universal, but it shouldn’t come at the cost of self-respect." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2977: Kevin of FinancialPanther.com shares a personal story of financial discipline, turning his high-income early career into a springboard for financial freedom. By resisting the temptation to indulge in a lavish lifestyle, he paid off significant student loans within 2.5 years and gained the flexibility to pursue a more fulfilling job. His advice encourages young professionals to treat their early high earnings as a windfall, focusing on long-term stability rather than short-term status. Read along with the original article(s) here: https://financialpanther.com/treat-high-income-as-a-windfall/ Quotes to ponder: "If my closest friends were making less than half of what I was making, then why not just live like I was making that too?" "Most of your peers aren’t big shots. It won’t look weird if you live modestly right now." "You never know what the future may hold and you want to give yourself the flexibility to do what you want to do and not be dictated by what your monthly payments are." Episode references: Financial Independence, Retire Early (FIRE) movement resources: https://www.choosefi.com The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2976: J. Money highlights the importance of financial prioritization through two contrasting cab rides: one chosen for an enriching experience and the other out of necessity. These anecdotes underscore the balance between occasional splurges and financial security, emphasizing that conscious spending in major budget areas creates freedom for life’s unpredictable moments. Read along with the original article(s) here: https://www.budgetsaresexy.com/tale-of-two-cab-rides-money-tenants/ Quotes to ponder: "Sometimes money is meant to be spent, even if people give you the judgy face." "Even when you prioritize your spending, you STILL sometimes get jacked!" "The bigger the gap between your income and expenses, the less you need to agonize over this kind of one-off purchases." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2975: Buying or renting a home isn't just a financial decision, it’s about lifestyle, long-term happiness, and personal circumstances. Sam of FinancialSamurai.com shares his journey to homeownership, offering practical tips like the 30/30/3 rule and emphasizing the importance of loving where you live. This balanced perspective helps you weigh your options and align them with your goals. Read along with the original article(s) here: https://www.financialsamurai.com/how-to-decide-whether-to-buy-a-home-or-rent/ Quotes to ponder: "If you were forced to live in your current location for 10 years, would you be happy, OK, or frustrated?" "Deciding on buying a home is like deciding on a relationship or a marriage. You just know at that point in time." "There’s no point in making money if one doesn’t spend it on things that improve the quality of your life." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2974: Jeff Rose shares a cautionary tale of losing $5,000 on penny stocks due to greed, poor advice, and ignorance about the over-the-counter market's volatility. He emphasizes the importance of informed investing, avoiding high-risk ventures, and adopting long-term, passive strategies to achieve financial security. Read along with the original article(s) here: https://www.goodfinancialcents.com/lose-money-penny-stocks/ Quotes to ponder: "Greed is not always good. I was doing just fine making a decent return on my boring mutual funds, but the chance of quadrupling my money got the best of me." "It’s more like traveling to a flea market in Spain and trying to bargain with a vendor even though I don’t speak the language. Chances are I’m going to get screwed just like I was in this situation." "You don’t conjure up strategies driven by greed to beat the market because you don’t need to beat the market to meet your financial goals." Episode references: A Random Walk Down Wall Street by Burton Malkiel: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380 The Intelligent Investor by Benjamin Graham: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2973: Mr. Money Mustache illustrates how a $10 secondhand bread machine revolutionized his household by saving over $750, reducing waste, and enhancing creativity in the kitchen. From making fresh bread to crafting gourmet pizza dough, he demonstrates that frugal choices can be both cost-effective and indulgent, blending practicality with culinary joy. Read along with the original article(s) here: https://www.mrmoneymustache.com/2011/09/08/my-750-bread-making-machine-2/ Quotes to ponder: "You just throw in some flour and a few other things, and you have a great loaf of bread in just a few hours." "But in my own odd life which combines both frugality and decadence, I have found this device to be quite a worthy contributor to the family." "If you eat bread and/or pizza regularly, I can safely recommend having a peek at your local Craig’s if you want to dip a toe into the breadmaking world as well." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2972: Tania Brown demonstrates how automating finances can simplify life while fostering better money habits. By setting up tools for budgeting, bill payment, savings, retirement contributions, and tax-efficient investing, she outlines a low-effort system that helps busy individuals achieve financial security and peace of mind. Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/26/how-to-put-your-finances-on-auto-pilot/ Quotes to ponder: "My ability to save doesn’t have to do with willpower or self-control. Instead, it’s all about the systems I have in place to make my pool of money look as small as possible." "The best part is that her time and effort spent on money will be minimal going forward." "Your habits surrounding how you spend and save money are much more impactful than the knowledge you may have about how money works." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2971: Chris Reining emphasizes the importance of starting retirement investments early, even in small amounts, to capitalize on decades of growth. He explains the trade-offs between paying off low-interest debt and investing, highlighting the historical advantage of stock market returns while encouraging a balanced approach to savings, debt, and investments tailored to comfort levels. His advice underscores the value of consistent, intentional financial decisions to build security and wealth. Read along with the original article(s) here: https://chrisreining.com/should-i-pay-off-debt-or-invest/ Quotes to ponder: "To be successful at investing you have to invest within your comfort zone because when you’re investing within your comfort zone you’re less likely to make bad decisions." "Think about how you’d feel not having debt, and if you’d feel better not having debt then pay it off." "Investing, saving, and paying off debt are all really great ways to deploy your hard-earned dollars and there really isn’t a wrong choice here." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2970: Cylon George challenges us to see mediocrity as a matter of personal integrity, encouraging a commitment to our deepest values and purpose. His insights reveal how small compromises can undermine character and inspire the courage to live authentically and wholeheartedly. Read along with the original article(s) here: https://www.spirituallivingforbusypeople.com/mediocrity-is-an-integrity-problem Quotes to ponder: "Mediocrity is not a reflection of talent or intelligence; it’s a failure of commitment to our highest values." "When we compromise our standards in small, seemingly insignificant ways, we pave the way for larger betrayals of our integrity." "Authenticity isn’t just about being honest with others it’s about being honest with ourselves." Episode references: Atomic Habits: https://jamesclear.com/atomic-habits Daring Greatly: https://www.amazon.com/Daring-Greatly-Courage-Vulnerable-Transforms/dp/1592408419 The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2969: Ryan H Law highlights the transformative power of "paying yourself first," a foundational personal finance principle. By automating savings through strategies like 401(k) contributions, Roth IRAs, or direct deposits into savings accounts, you can build long-term wealth effortlessly. This approach fosters discipline and prioritizes future financial security over impulsive spending. Read along with the original article(s) here: https://ryanhlaw.com/how-to-pay-yourself-first/ & https://ryanhlaw.com/automate-your-finances/ Quotes to ponder: "Poor people spend their money and save what’s left, while rich people save their money then spend what’s left." "A part of all I earn is mine to keep." "Paying yourself first is all about deploying the gap: maybe some goes to beefing up your emergency fund, and another portion gets thrown at debt." Episode references: Policygenius: https://www.policygenius.com The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2968: Budgeting on a variable income can be challenging, but Jen Hayes outlines three actionable strategies to make it manageable: living on last month’s income, budgeting paycheck to paycheck, and creating a bare-bones budget based on your worst month. Each approach is tailored to different financial situations, helping you stay in control and reduce stress even when your income fluctuates. Read along with the original article(s) here: https://www.jenhayes.me/how-to-budget-on-a-variable-income/ Quotes to ponder: "Budgeting using last month’s income simplifies the process and reduces financial stress." "If your income varies drastically, use your worst month’s income to create a realistic budget." "Decide what extra income will go toward ahead of time so you aren’t tempted to blow it." Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2967: Renee of TheFunSizedLife.com offers practical money-saving strategies tailored for those who value a balanced approach over extreme frugality. From identifying spending habits misaligned with your goals to focusing on big financial wins, these hacks empower you to save effectively without compromising on the joys of life. She emphasizes aligning spending with your values to create a life that's both financially sound and personally fulfilling. Read along with the original article(s) here: https://www.thefunsizedlife.com/saving-hacks/ Quotes to ponder: "Where we spend our money is a reflection of what we value." "Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t." "If we are spending too much time or energy on things that aren’t high value to us, over the long run our life starts to feel less thrilling than we’d like." Episode references: The quote from Ramit Sethi is from "I Will Teach You to Be Rich": https://www.amazon.com/I-Will-Teach-You-Rich/dp/0761147489 Learn more about your ad choices. Visit megaphone.fm/adchoices

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 2966: Wanderer from Millennial Revolution exposes the deceptive practices of financial institutions, highlighting their resistance to index funds due to the threat they pose to their fee-based business model. Learn why financial literacy is crucial to avoid falling victim to misleading advice and how to take control of your investments with low-cost, efficient options. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/why-the-banks-are-out-to-get-you/ Quotes to ponder: "Anyone can buy index funds. You don’t need to be licensed, and you don’t need anyone’s permission. All you need is a brokerage account." "The finance industry is here for one reason and one reason only: to take as much of your money as they can." "If your bank lies to you, leave! This is a great rule to follow in general: I refuse to do business with liars, and so should you." Episode references: Quit Like a Millionaire: https://www.amazon.com/Quit-Like-Millionaire-Radical-Wealth/dp/0525538690 Learn more about your ad choices. Visit megaphone.fm/adchoices