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
Feb 20, 2024 • 11min
2629: The Three Most Amazing Types of Freedom by Paula Pant of Afford Anything on Eliminating Debt & Financial Independence
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2629:Paula Pant of AffordAnything.com empowers listeners to break free from the constraints of time, debt, and location to achieve unparalleled freedom. By harnessing money to work for you, Pant outlines a path from debt freedom to financial independence, allowing you to reclaim your most precious resource: time. Discover how to transition through stages of freedom for a life unbound by traditional limitations.Read along with the original article(s) here: https://affordanything.com/three-types-freedom/Quotes to ponder:"Money is a renewable resource. It can automatically regenerate itself. Money is self-sustaining.""Debt freedom is the starting point on a much longer journey""Financial Freedom is the ultimate independence. You no longer need to ride the time-for-money carousel." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 19, 2024 • 10min
2628: What to Do if You Can't Afford to Pay Your Bills by Kumiko of The Budget Mom on Financial Struggles
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2628:Kumiko from TheBudgetMom.com offers practical guidance for those struggling financially during the Coronavirus pandemic. Her actionable advice includes creating a bare bones budget, consolidating debts, and negotiating with creditors to navigate through these challenging times effectively.Read along with the original article(s) here: https://www.thebudgetmom.com/what-to-do-if-you-cant-afford-to-pay-your-bills/Quotes to ponder:"Tracking your spending is a critical step to managing your finances at any time, especially when money is tight."Episode references:Gabi: https://www.gabi.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 18, 2024 • 9min
2627: Rich As I Say, Not As I Do by Nick Maggiulli of Of Dollars and Data on Wealth-Building & 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 2627:In "Rich As I Say, Not As I Do," Nick Maggiulli explores the paradox of personal finance experts who amass wealth not through their own advice but through marketing their wisdom to others. Maggiulli delves into the issue of credibility in the financial advice industry, questioning the authenticity and effectiveness of advice from those who haven't applied it to their own financial growth.Read along with the original article(s) here: https://ofdollarsanddata.com/rich-as-i-say-not-as-i-do/Quotes to ponder:"Just invest properly and enjoy your life.""The mental havoc of 'you should always be grinding' isn’t worth it."Episode references:The EconoMe Conference: https://economeconference.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 18, 2024 • 11min
2626: 8 Tools to Get Control of your Anxiety by Rachel Shanken of Mind Body Wise on Neuroscience
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2626:Rachel Shanken of MindBodyWise.com shares eight practical tools to manage anxiety, offering immediate relief without the need for deep introspection in the moment. These strategies range from simple physical adjustments to engaging in creative activities, all designed to help you regain control and find comfort.Read along with the original article(s) here: https://mindbodywise.com/blog/8-tools-to-get-control-of-your-anxiety/Quotes to ponder:"Science has proven that looking at repeating patterns in nature, art or architecture can create a calming effect on your brain, thereby calming your body." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 17, 2024 • 10min
2625: 5 Tips For Saving On Groceries And Staying On Budget by Courtney Luke of Arrest Your Debt on Grocery Meal Planning
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2625:Courtney Luke from ArrestYourDebt.com offers essential tips for managing grocery expenses amid rising inflation rates. By embracing strategies like meal planning, checking pantry stocks, making substitutions, looking for sales, and utilizing rewards apps, consumers can navigate the challenges of staying within budget while shopping for groceries, ultimately reducing financial stress and saving money.Read along with the original article(s) here: https://arrestyourdebt.com/tips-for-saving-on-groceries/Quotes to ponder:"Every budget-setting process starts with calculating monthly fixed, variable, and discretionary expenses." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 16, 2024 • 10min
2624: [Part 2] How To Come Up With A Financial Plan Without Visiting A Professional by Jim Wang with Making Sense of Cents
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2624:In Part 2 of Jim Wang's article on self-planning finances, he continues with planning for future states, focusing on retirement savings. He simplifies the process with the 4% withdrawal rule, advocating for savings to be 25 times your annual expenses. Wang then shifts to the practical steps of getting from your current financial state to your desired future state. He emphasizes setting clear, actionable goals for savings and investments, adjusting plans annually, and remaining adaptable to life's changes. Wang concludes by highlighting the importance of having a plan to make informed decisions, rather than relying solely on intuition.Read along with the original article(s) here: https://www.makingsenseofcents.com/2016/07/how-to-come-up-with-a-financial-plan-without-visiting-a-professional.htmlEpisode references:4% Withdrawal Rule: [https://www.investopedia.com/terms/f/four-percent-rule.asp] Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 15, 2024 • 10min
2623: [Part 1] How To Come Up With A Financial Plan Without Visiting A Professional by Jim Wang with Making Sense of Cents
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2623:Jim Wang of MakingSenseOfCents.com discusses creating a financial plan without a professional. He emphasizes understanding your current financial situation, mapping future goals, and establishing steps to bridge the gap. Wang suggests breaking down future goals into 5- and 10-year blocks, offering flexibility and realism in planning. His approach underscores the importance of self-awareness in finances and the practicality of personal financial planning.Read along with the original article(s) here: https://www.makingsenseofcents.com/2016/07/how-to-come-up-with-a-financial-plan-without-visiting-a-professional.htmlQuotes to ponder:"Understanding your current financial situation is crucial for effective planning.""Mapping out your future states helps set realistic financial goals.""Flexibility in financial planning is key to adapting to life's changes." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 14, 2024 • 9min
2622: Money Lessons From Spinning Class by Vicki Cook of Women Who Money on Social Interaction & Investment
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2622:Vicki Cook of WomenWhoMoney.com draws parallels between spinning class and financial management. She shares insights on the value of gym memberships, the importance of social interaction, prioritizing personal goals, benefits of coaching, and setting ambitious targets. Cook emphasizes the significance of investing in wellness and challenges the fear of failure, advocating for a proactive approach in both fitness and finance.Read along with the original article(s) here: https://womenwhomoney.com/money-lessons-spinning-class/Quotes to ponder:"Spending money on yourself and your wellness matters too.""Meeting your social needs is very important to your health and your finances."Episode references:7 Habits for Highly Effective People by Stephen Covey: [https://www.franklincovey.com/the-7-habits.html] Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 13, 2024 • 12min
2621: Five Things You NEED to Know Before Buying a House by James Altucher on Home Ownership & Hidden Costs
In this discussion, James Altucher, a critical thinker on finance and author, dives deep into the complexities of home ownership. He challenges the traditional view that buying a house is essential, sharing his own financial missteps and the stress tied to selling properties. Altucher lays out a whimsical yet practical checklist for prospective buyers, highlighting hidden costs, maintenance concerns, and the importance of having a solid financial cushion. He encourages listeners to view home ownership more as a responsibility than merely an investment.
Feb 12, 2024 • 9min
2620: Playing Financial Chess by ESI of ESI Money on Money Management & Wealth Building
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2620:ESI from ESIMoney.com likens savvy money management to playing chess, emphasizing strategic thinking and patience in personal finance. The article outlines principles such as understanding key financial metrics, developing a sound strategy, focusing on priorities, employing proven financial tactics, and being open to unconventional approaches. It also stresses the importance of adaptability, recognizing multiple paths to success, prudent risk-taking, and the significance of small, consistent actions in achieving financial goals.Read along with the original article(s) here: https://esimoney.com/playing-financial-chess/Quotes to ponder:"Knowing what you're trying to achieve is a key part of playing financial chess."Episode references:Scaling Up: How a Few Companies Make It and Why the Rest Don’t (Rockefeller Habits 2.0): [https://www.amazon.com/Scaling-Up-Companies-Rockefeller-Habits/dp/0986019526] Learn more about your ad choices. Visit megaphone.fm/adchoices
