Optimal Finance Daily - Financial Independence and Money Advice
Optimal Living Daily | Diania Merriam
Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone.Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals.This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future.Listen now, and become an OLD friend--your optimal life awaits...
Episodes
Mentioned books
Oct 15, 2024 • 11min
2901: What It Feels Like To Be Rich by James Altucher on Scarcity & Isolation
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2901:James Altucher reflects on his experiences with wealth, revealing that despite acquiring significant financial success, the emotional and psychological outcomes were complex. He recounts moments of fleeting safety and abundance but emphasizes how quickly these feelings faded into scarcity and isolation. Through personal anecdotes, Altucher illustrates that money alone does not equate to happiness or fulfillment, showing that true richness comes from an internal state of mind.Read along with the original article(s) here: https://jamesaltucher.com/blog/what-it-feels-like-to-be-rich/Quotes to ponder:"I realized I never knew the value of money. I had never even been aware of money before.""Money is a great thing but money finds a home only in places where it’s appreciated. I didn’t appreciate the money. So it left me.""Feeling rich or abundant is a state of mind. It’s cultivated by how much fulfillment you get out of the way you spend your time, how much gratitude you express, the influence of the people you surround yourself with, and where you focus your attention." Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 14, 2024 • 15min
2900: Do You Have Spousal Buy In AND Who Holds the Key to Your Golden Handcuffs by Doc G of Earn and Invest
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2900:Doc G explores the challenge of achieving spousal buy-in on the journey to financial independence. While one partner may dive headfirst into the FIRE movement, the other often needs time, persuasion, and exposure to the lifestyle's math and community before fully embracing the idea. The article emphasizes the importance of patience, mutual understanding, and realistic discussions to align financial goals.Read along with the original article(s) here: https://www.earnandinvest.com/blog/9iir510msvrt4pup2rm89gq1be3298 & https://www.earnandinvest.com/blog/x0u2rydfvclvnruwdqv6aqouvzhu1iQuotes to ponder:"You really trust these cooks on the internet? They are lying to you and making it sound better than it really is. What the hell is a money mustache anyway?""The numbers are the numbers. Take the time to make sure your spouse understands them.""Why would one ever attain spousal buy-in if it required living like a monk?"Episode references:Playing with FIRE Documentary: https://playingwithfire.co/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 13, 2024 • 10min
2899: Know Thy Investing Self by Nick Maggiulli of Of Dollars and Data on Long-Term Investment Success
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2899:Understanding your behavioral tendencies is essential for long-term investing success, according to Nick Maggiulli. His personal story of investing in gold highlights the importance of knowing how you'll react to volatile assets. While many focus on optimizing portfolios, the key to sustained returns lies in understanding your emotional responses and making decisions aligned with your true investing self.Read along with the original article(s) here: https://ofdollarsanddata.com/know-thy-investing-self/Quotes to ponder:"The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.""Investing is primarily a behavioral exercise, not an analytical one.""The full flavor of losing money cannot be conveyed by literature."Episode references:The Money Game by Adam Smith: https://www.amazon.com/dp/0394721039 Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 13, 2024 • 11min
2898: Discipline Ripples by Steve Pavlina on New Habit Building & Self-Control
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2898:Steve Pavlina reflects on how his daily blogging challenge has cultivated discipline across various areas of his life. By sticking to this habit, he has experienced a ripple effect that enhances his ability to avoid stimulants, wake up earlier, and maintain a consistent exercise routine. Pavlina emphasizes that while building discipline is tough, it ultimately leads to greater stability and fulfillment.Read along with the original article(s) here: https://stevepavlina.com/blog/2020/05/discipline-ripples/Quotes to ponder:"It’s hard to stretch ourselves to tackle discipline-building challenges, but note that it does get easier as your mind grows stronger.""Raising your standards is hard. Keeping them raised is much easier.""When you train up your discipline and then apply it to your life, you don’t suffer every day because the rewards of discipline are greater than the temporary pleasures of an undisciplined life." Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 12, 2024 • 13min
2897: Some Lifestyle Creep is Inevitable. It May Even Be Desirable by U-Ming Lee on Intentional Spending
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2897:U-Ming Lee challenges the conventional wisdom of avoiding lifestyle creep, arguing that some level of it is both natural and beneficial. He emphasizes that living too austerely can be detrimental to mental well-being and suggests a balanced approach of mindful consumption, where purchases are made thoughtfully based on personal value rather than societal pressures or extreme frugality.Read along with the original article(s) here: https://themakingofamillionaire.com/some-lifestyle-creep-is-inevitable-it-may-even-be-desirable-dd3ff08d66c4Quotes to ponder:"Forced austerity has a corrosive impact on your mental well-being.""Mindful consumption strikes a happy balance between rigidly self-enforced austerity and excessive consumption.""Rising living conditions signal that we are improving our lot in life." Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 11, 2024 • 12min
2896: [Part 2] 9 Ways to Free Yourself from the Trap of Consumerism by Karen Trefzger of Maximum Gratitude Minimal Stuff
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2896:Karen Trefzger continues her exploration of how to break free from consumerism by offering practical strategies such as reducing media consumption, decluttering, and extending the lifespan of your belongings. She emphasizes intentional living through mindful purchasing and generosity, encouraging readers to find fulfillment beyond material possessions.Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2023/02/9-ways-to-free-yourself-from-trap-of.htmlQuotes to ponder:"Make it harder to shop. Unsubscribe from email lists and sales notifications, remove your credit card details from websites, and stop browsing in tempting stores.""Instead of treating yourself to fast food, fast fashion, made-in-China home décor, or yet another tech gadget, spend your money on an experience.""The amount of clutter you have betrays your consumption habits." Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 10, 2024 • 11min
2895: [Part 1] 9 Ways to Free Yourself from the Trap of Consumerism by Karen Trefzger of Maximum Gratitude Minimal Stuff
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2895:Karen Trefzger challenges us to break free from the relentless cycle of consumerism that leaves us perpetually unsatisfied. By recognizing the signs of overconsumption and adopting mindful strategies, we can regain control over our lives and focus on what truly matters.Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2023/02/9-ways-to-free-yourself-from-trap-of.htmlQuotes to ponder:"Life requires consumption. But consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.""We have to consume in order to survive, but we don't have to consume an ever-increasing amount, even if everyone expects us to.""By slowing down, you give yourself the chance to be intentional rather than emotional about your purchases." Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 9, 2024 • 12min
2894: How Do I Budget if My Partner is a Spender? by Amanda Amezcua with Women Who Money
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2894:Amanda Amezcua explores the challenges couples face when trying to manage finances together, especially when one partner is a spender. She provides practical strategies to align financial goals, create collaborative budgets, and maintain open communication, helping partners work together toward financial harmony without sacrificing their relationship.Read along with the original article(s) here: https://womenwhomoney.com/budget-when-partner-spending/Quotes to ponder:"It’s easier and more productive to change how you budget rather than try to change each other’s nature.""Have patience with your partner. Resist being critical. Forgive slip-ups.""Working to identify values then validating them by creating shared goals will help your partner to feel accepted." Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 8, 2024 • 10min
2893: Why Saving Money In Your 20s Is A Good Idea by Michelle Schroeder-Gardner on Building Wealth
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2893:Saving money in your 20s sets the foundation for long-term financial security, allowing you to take advantage of compound interest and develop responsible financial habits. Michelle Schroeder-Gardner argues that starting early doesn't mean sacrificing a vibrant life; instead, it equips you to navigate future challenges and opportunities with greater ease and confidence.Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/10/why-saving-money-in-your-20s-is-a-good-idea.htmlQuotes to ponder:"Saving money in your 20s means you’re doing something RIGHT.""Compound interest is one BIG reason for why you should start saving money as early as you can.""There is no reason to spend all of your money just because you want to." Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 7, 2024 • 9min
2892: 10 Reasons to Get Off Your Butt and Start a Roth IRA by Philip Taylor of PT Money on Investing 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 2892:Philip Taylor outlines the numerous benefits of starting a Roth IRA, emphasizing its tax advantages, flexibility, and ease of setup. Whether you're young or nearing retirement, a Roth IRA offers an excellent way to diversify your tax strategy, grow your retirement savings, and even provide funds for major life events like buying a first home. Taylor encourages taking action now to secure a financially stable future.Read along with the original article(s) here: https://ptmoney.com/start-roth-ira-10-good-reasons/Quotes to ponder:"You’ll be more prepared for retirement. The Roth IRA was created to provide incentive for you to save for your own retirement. Use it.""With a Roth IRA, you can withdraw all of your funds tax-free and without penalty at age 59 and a half.""Invest in a Roth IRA while you still can."Episode references:Roth IRA Rules: https://www.irs.gov/retirement-plans/roth-irasHow I Opened My First Roth IRA: https://ptmoney.com/opening-a-roth-ira/The Taxpayer Relief Act of 1997: https://www.congress.gov/bill/105th-congress/house-bill/2014 Learn more about your ad choices. Visit megaphone.fm/adchoices
