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
Aug 16, 2024 • 12min
2832: Are You Alone and Planning for Retirement? Retirement Planning for Singles by Kathleen Coxwell of NewRetirement
Kathleen Coxwell, a retirement planning expert from NewRetirement, discusses the unique challenges and opportunities for singles planning for retirement. She emphasizes the importance of long-term health care and building reliable income streams. Coxwell highlights the financial hurdles particularly faced by single women and encourages a proactive approach to self-sufficiency. By considering how to spend time post-retirement, singles can craft a fulfilling and secure retirement plan tailored to their individual needs.
Aug 15, 2024 • 10min
2831: Tossing Early Retirement and Trading Money for Time by A Purple Life on Financial Independence
A Purple Life, a financial independence advocate, shares a compelling story about her mother choosing to return to work after early retirement. The discussion explores prioritizing time over money, emphasizing that life's true value lies in experiences rather than financial accumulation. A Purple Life argues against the allure of luxury, promoting minimalism as a pathway to fulfillment and deeper relationships. Her reflections push listeners to reconsider their definitions of success and happiness.
Aug 14, 2024 • 10min
2830: Prioritize Your Budget for Success by Mike Ballew of Egg Stack on Personal Financial Habits
Mike Ballew, a personal finance expert, shares insights on prioritizing your budget for financial success. He stresses defining success through clear priorities, like emergency funds and retirement savings. Ballew highlights how daily expenses, such as coffee and dining out, can significantly affect financial health. He encourages listeners to rethink their spending habits and emphasizes strategic spending to prepare for retirement, helping to cultivate long-term financial stability.
Aug 13, 2024 • 11min
2829: [Part 2] Five Big Reasons to Retire Often by Jillian Johnsrud on Lifestyle Design for Happiness
In this episode, Jillian Johnsrud, an advocate for lifestyle design, discusses the transformative power of periodic mini-retirements. She highlights how taking intentional breaks can improve health and lead to professional growth. Jillian emphasizes the importance of structuring these retreats to reduce burnout. Listeners learn how dedicating time to personal goals can yield significant progress, and discover practical habits, like mindful eating and regular walks, that flourish with more free time.
Aug 12, 2024 • 11min
2828: [Part 1] Five Big Reasons to Retire Often by Jillian Johnsrud on How to Take A Mini-Retirement
Jillian Johnsrud, an advocate for mini-retirements, shares her transformative insights on stepping away from daily routines. She discusses how these breaks can rejuvenate your life, allowing time for personal tasks and new adventures. Jillian highlights the importance of prioritizing relationships, showcasing how mini-retirements can help you focus on what really matters. With engaging anecdotes, she illustrates the mental relief that comes with reducing the clutter of everyday life, urging listeners to embrace the benefits of a temporary escape.
Aug 11, 2024 • 12min
2827: 4 Lessons From the Richest Woman In Wall Street History by Nick Maggiulli of Of Dollars and Data
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2827:Hetty Green, the richest woman in Wall Street history, amassed her fortune through extreme frugality, conservative investments, and living life on her own terms. Learn from her unique financial wisdom and discover the powerful lessons that can shape your financial future.Read along with the original article(s) here: https://ofdollarsanddata.com/hetty-green/Quotes to ponder:"I always try to deal justly with everyone, but if anyone wants to fight me I’ll give him all the fight he wants.""If you can’t save money, your investment returns won’t matter.""Invest on your own terms. Your finances are unique, so there is no reason why they should be like anyone else’s."Episode references:Prospect Theory: https://en.wikipedia.org/wiki/Prospect_theory Learn more about your ad choices. Visit megaphone.fm/adchoices
Aug 11, 2024 • 11min
2826: How I Got Digital Minimalism Right The Second Time Around by Leslie Watson with Becoming Minimalist
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2826:Leslie Watson shares her journey towards achieving digital minimalism, detailing how reducing screen time enhanced her energy, focus, and relationships. She emphasizes the importance of setting up systems for success rather than relying on willpower and provides eight practical strategies for managing technology use effectively.Read along with the original article(s) here: https://www.becomingminimalist.com/digital-minimalism/Quotes to ponder:"Mastering digital minimalism is all about setting yourself up for success in advance so you won’t need to rely solely on willpower.""I felt like a digital minimalism success story before quarantine, but as my schedule emptied my screen-free convictions faltered.""Time for higher priorities plus a calm, focused state of mind have been my rewards for practicing digital minimalism." Learn more about your ad choices. Visit megaphone.fm/adchoices
Aug 10, 2024 • 10min
2825: How You Can Have A Free Car For Life by Andrew of Dollar After Dollar on Financial 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 2825:Andrew of DollarAfterDollar.com unveils a savvy strategy for turning depreciating assets into wealth-generating machines. By investing in cash-flowing assets like rental properties, you can have your liabilities, such as car payments, covered indefinitely. Discover how this approach can revolutionize your financial future and make high-cost purchases stress-free.Read along with the original article(s) here: https://www.dollarafterdollar.com/how-you-can-have-a-free-car-for-life/Quotes to ponder:"Cars are the kings of liabilities but what if you bought CASH FLOWING ASSETS that paid for your car?""Your cash can work just as hard as you do you can accumulate wealth at an alarming rate."Episode references:Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194The Book on Rental Property Investing: https://www.amazon.com/Book-Rental-Property-Investing-Passive/dp/099071179XThe Millionaire Real Estate Investor: https://www.amazon.com/Millionaire-Real-Estate-Investor/dp/0071446370 Learn more about your ad choices. Visit megaphone.fm/adchoices
Aug 9, 2024 • 12min
2824: Why You Should Be A Lazy Investor Instead Of A Stock Picker by Michael L. with Financial Panther
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2824:Michael L. from FinancialPanther.com highlights the benefits of lazy investing through low-cost index funds, simplifying financial growth without the need for constant stock picking and research. Embracing a "Lazy Portfolio" can lead to consistent, diversified returns, making investing stress-free and accessible for everyone.Read along with the original article(s) here: https://financialpanther.com/lazy-investor-instead-stock-picker/Quotes to ponder:"Honestly you don’t have to be a genius, wall street guru, or financial analyst to be a smart investor at any age.""Lazy Portfolios will let you set it & forget it!""Most people don’t invest until it’s too late because it seems tedious, they don’t understand how to, or where to invest & because it requires constant upkeep."Episode references:Investopedia definition of index funds: https://www.investopedia.com/terms/i/indexfund.asp Learn more about your ad choices. Visit megaphone.fm/adchoices
Aug 8, 2024 • 9min
2823: 7 Reasons Why I Drive a 17 Year Old Car by Jen Hayes on Financial Habits for 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 2823:Jen Hayes shares her practical reasons for driving a 17-year-old car, highlighting how it saves money, reduces stress, and aligns with her goal of financial freedom. Her approach emphasizes the importance of humility and avoiding debt over the desire for a flashy, new vehicle.Read along with the original article(s) here: https://www.jenhayes.me//17-reasons-why-drive-old-car/Quotes to ponder:"It’s what most people would consider embarrassing. Some people think I’m crazy for continuing to drive this vehicle, but here are seven reasons why I do it.""My car might be 'embarrassing' to some, but this old car is part of the reason why we’ll be debt-free someday.""Live like no one else now so you can live like no one else later."Episode references:Dave Ramsey's Financial Peace University: https://www.daveramsey.com/store/product/financial-peace-university-classThe Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/0785289089 Learn more about your ad choices. Visit megaphone.fm/adchoices
