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
Sep 10, 2024 • 10min
2861: Magic Beans by JL Collins on True Financial Success & Index Fund Investing
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2861:JL Collins explores the allure of investing fads in "Magic Beans," highlighting the recurring trends of Growth Stocks, Actively Managed Funds, and Dividend Aristocrats. He argues that true financial success lies not in chasing these trends but in the reliable, long-term strategy of broad-based index funds.Read along with the original article(s) here: http://jlcollinsnh.com/2012/01/02/magic-beans/Quotes to ponder:"For supposedly rational creatures we humans seem irrationally drawn to Magic Beans.""You know what Warren Buffet recommends for individual investors? Broad-based Index Funds."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
Sep 9, 2024 • 11min
2860: I’ll Figure Out What I Want To Be When I Grow Up by Mr. 1500 of 1500 Days on Career Happiness
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2860:Mr. 1500 from 1500Days.com shares his unconventional journey from aspiring pilot to computer programmer and blogger, emphasizing the unpredictable nature of career happiness. He highlights the importance of exploring different paths and the joy of discovering unexpected passions along the way.Read along with the original article(s) here: https://www.1500days.com/ill-figure-out-what-i-want-to-be-when-i-grow-up/Quotes to ponder:"You’re never really sure what will make you happy.""I think life is much more fun when the future is uncertain.""An uncharted path is much more interesting. I’ll go where opportunities and passions take me."Episode references:So Good They Can’t Ignore You: https://www.amazon.com/So-Good-They-Cant-Ignore-You/dp/1455509124 Learn more about your ad choices. Visit megaphone.fm/adchoices
Sep 8, 2024 • 10min
2859: Frugality Is Not Mainstream by Liz of Frugalwoods on Societal Pressure & Consumerism
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2859:Liz of Frugalwoods.com shares how embracing an unconventional frugal lifestyle has enabled her and her husband to pursue financial independence and early retirement. By rejecting societal pressures and consumerism, they find happiness and freedom in living below their means, ultimately achieving their goals on their terms.Read along with the original article(s) here: https://www.frugalwoods.com/2014/06/11/frugality-is-not-mainstream/Quotes to ponder:"We accept, and announce, that we are officially unusual. Frugal weirdos. Contrary to the mainstream.""The minute we stepped off the ridiculous carousel of consumerism we felt free.""Living a super frugal lifestyle is what makes us happy and is our most genuine iteration of existence."Episode references:Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transform-Relationship/dp/0143115766 Mr. Money Mustache Blog: https://www.mrmoneymustache.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
Sep 8, 2024 • 12min
2858: Weight Loss Fact and Myths AND Get the Whole Family Eating Healthy by Chalene Johnson on Healthy Living
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2858:Chalene Johnson debunks common weight loss myths, explaining why muscle doesn't weigh more than fat, the truth about calorie burning during and after workouts, the misconception about bulking up from weight lifting, and the impossibility of spot reducing fat. Her insights offer clarity and practical advice for anyone on a fitness journey.Read along with the original article(s) here: https://www.chalenejohnson.com/weight-loss-fact-and-myths/ & https://www.chalenejohnson.com/get-the-whole-family-eating-healthy/Quotes to ponder:"How can a pound of muscle weigh more than a pound of fat, if they both weigh one pound? What this myth is really trying to get across is that muscle is more dense than fat, so it takes up less space in your body.""Workouts that burn more after are usually heavy strength training or cross-training. If you’re doing things like HIIT or heavy strength training, you will continue to burn more calories for upwards of 24 hours after.""Lifting weights, especially heavy weights, will transform your body and will help to keep your body fat lower." Learn more about your ad choices. Visit megaphone.fm/adchoices
Sep 7, 2024 • 12min
2857: Why Does Anyone Invest In Expensive Funds? by Kevin Ha of Financial Panther on Index Fund Investing
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2857:Kevin Ha of FinancialPanther.com explores why people still invest in expensive mutual funds despite the availability of cheaper alternatives. He reveals that a lack of financial literacy and over-reliance on brand names or financial advisors often lead to poor investment choices. Kevin offers practical solutions, recommending low-cost funds and roboadvisors for better financial outcomes.Read along with the original article(s) here: https://financialpanther.com/why-does-anyone-invest-in-expensive-funds/Quotes to ponder:"Why pay ten times more to invest your money in what amounts to basically the same thing?""My brother’s situation showed me exactly why people still invest in these types of funds.""If you want to make it really easy on yourself, go with something I listed in the alternatives."Episode references:M1 Finance: https://www.m1finance.comThe Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/mutual-funds/profile/VTSAX Learn more about your ad choices. Visit megaphone.fm/adchoices
Sep 6, 2024 • 11min
2856: Best Retirement Advice from Retirees: 8 Tips from an 80 Year Old Who Has More Savings Now than When He First Retired by Bud Hebeler
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2856:Bud Hebeler shares eight invaluable retirement tips gleaned from his own 27 years of retirement, emphasizing the power of compounding, professional advice, careful allocation, and living below one’s means. His insights, shaped by experiences from the Great Depression to modern times, provide a blueprint for achieving financial security and stress-free living in retirement.Read along with the original article(s) here: https://www.newretirement.com/retirement/retirement-advice-8-tips-for-financial-success/Quotes to ponder:"Einstein was right: One of the great miracles is the power of compounding from saving.""Living below our means - something that seems to have escaped many today.""I strongly urge people to do serious retirement financial planning with conservative inputs."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
Sep 5, 2024 • 12min
2855: Umbrella Insurance Policy by Jeff Rose of Good Financial Cents on Personal Financial Planning
Jeff Rose, a financial expert, sheds light on umbrella insurance policies, breaking the myth that they are only for the wealthy. He highlights how this type of insurance fills critical gaps left by standard policies. With affordable premiums for extensive coverage, it provides peace of mind against unforeseen liabilities. Rose encourages everyone to assess their personal risks and consider umbrella insurance as a smart addition to their financial planning toolkit.
Sep 4, 2024 • 13min
2854: Dividend Investing Will Always Beat a Side Hustle by Millionaire Mob with ESI Money on Financial Freedom
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2854:Millionaire Mob emphasizes the benefits of dividend investing over side hustles, highlighting how it provides a passive income stream and moves you closer to retirement goals without demanding significant time or effort. By strategically building and reinvesting in a dividend growth portfolio, investors can enjoy compound interest and financial freedom.Read along with the original article(s) here: https://esimoney.com/dividend-investing-will-always-beat-a-side-hustle/Quotes to ponder:"With dividend investing, you really do not need to devote a significant amount of time to monitoring your portfolio.""Dividend investing is the only way to both earn income AND get closer to your retirement goals.""Our single goal in achieving financial freedom is to increase our earnings on a per hour basis. And dividend investing has some of the best earnings per hour spent out there."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
Sep 3, 2024 • 12min
2853: MMM Reader Case Study: The Man Who Didn't Realize He Was Already Rich by Mr. Money Mustache on Early Retirement
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2853:Mr. Money Mustache shares an insightful reader case study of a family realizing they are closer to early retirement than they thought. With strategic financial adjustments, the reader learns they can enjoy financial independence much earlier than their initial projection of age 65.Read along with the original article(s) here: http://www.mrmoneymustache.com/2011/05/16/mmm-reader-case-study-the-man-who-didnt-realize-he-was-already-rich/Quotes to ponder:"You can retire a lot earlier than most people if you have moderate living expenses. Even without a million dollars in investments.""I believe most people who retire well under 60 will find they WANT to do some paid work occasionally to keep their minds sharp and to have challenging interactions with other adults."Episode references: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
Sep 2, 2024 • 11min
2852: Why Investing in Things Producing Things Produces Financial Freedom by Chris Reining on Investment Returns
Chris Reining, an expert in investment strategies, shares his insights on achieving financial freedom through income-generating assets. He emphasizes the importance of investing in real estate and stocks, illustrating how these can provide steady returns rather than relying on mere price speculation. Reining discusses the cash flow paradigm, advocating for a focus on income generation over property appreciation. He challenges conventional job security beliefs, urging listeners to make their money work for them to secure long-term financial independence.
