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 11, 2024 • 10min
2619: Ways To Save On Food That Don’t Require Extreme Couponing by Tania Brown of Financial Finesse
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2619:Tania Brown's practical advice on family food spending showcases easy, non-extreme strategies to save money. She emphasizes the importance of meal planning, using time-saving kitchen equipment, and embracing challenges like a six-month home dining experiment. Her approach offers a balanced and sustainable way to manage food expenses without sacrificing enjoyment or quality.Read along with the original article(s) here: https://www.financialfinesse.com/2017/09/26/ways-to-save-on-food-that-dont-require-extreme-couponing/Episode references:Emeals meal planning service: https://emeals.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 11, 2024 • 10min
2618: 7 Steps to Financially Prepare for a New Baby by Amy Beardsley with Smart Money Mamas
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2618:Amy Beardsley offers vital guidance for new and expectant parents on managing finances in the face of a growing family. Her article outlines pragmatic steps to ensure financial stability, including understanding your current financial situation, preparing for baby-related expenses, planning for medical costs, considering maternity leave options, establishing an emergency fund, securing life insurance, and creating an estate plan. These tips aim to ease the transition into parenthood, ensuring focus remains on the joy of family growth rather than financial stress.Read along with the original article(s) here: https://smartmoneymamas.com/prepare-for-new-baby/Quotes to ponder:"When growing your family, the more solid your financial plan, the easier it will be to transition to this new way of life."Episode references:Family Medical Leave Act (FMLA): [https://www.dol.gov/agencies/whd/fmla]Term Life Insurance Information: [https://www.investopedia.com/terms/t/termlife.asp] Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 10, 2024 • 10min
2617: Practical Magic for Your Money by Jessica Jokisch of ChristineLuken.com on Financial Dignity & Psychology
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2617:Jessica Jokisch, in her insightful article, blends the worlds of practical finance and emotional intelligence to introduce the concept of Mindful Money Management. She emphasizes the importance of not only mastering the technical aspects of personal finance but also understanding the emotional relationship we have with money. This approach promises a transformative journey towards financial dignity and wellbeing.Read along with the original article(s) here: https://www.christineluken.com/practical-magic-for-your-money/Quotes to ponder:"Emotions drive our behavior and if we don’t understand how this works, we will be forever fighting against them, instead of harnessing their power.""The path to lasting Financial Dignity is this: bringing a deep understanding of the psychology of money together with useful financial strategies."Episode references:Financial Peace University: https://www.ramseysolutions.com/ramseyplus/financial-peaceCertified Financial Counselor designation: https://www.finra.org/investors/professional-designations/afc"Unlocking the Abundance Mindset" speech at Camp FI event: https://www.youtube.com/watch?v=Sbq4ZLdJms4&ab_channel=CampFI-TogetherWeFI Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 9, 2024 • 11min
2616: 7 Tips For Living on an Inconsistent Income by Marc with Mad Money Monster on Budgeting Strategies & Emergency Fund
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2616:Marc of MadMoneyMonster.com shares tips for managing finances with an inconsistent income, including calculating average monthly income, basing budget on below-average months, establishing a normal living standard, saving during good times, keeping liquid savings, having a fallback plan, and embracing the positives of fluctuating income.Read along with the original article(s) here: https://madmoneymonster.com/2018/11/26/7-tips-for-living-on-an-inconsistent-income/Quotes to ponder:"An inconsistent income usually means that you have the opportunity to make a good income in a short period of time." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 8, 2024 • 12min
2615: Getting My Wife on Board With the FIRE Lifestyle by Joel with Budgets Are Sexy on Financial Partnership & Passive Income
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2615:Joel of BudgetsAreSexy.com shares his journey of getting his wife on board with the FIRE (Financial Independence, Retire Early) lifestyle, emphasizing the importance of teamwork, mutual understanding, and celebrating financial milestones together. He highlights the significance of passive income and time as motivators and encourages ongoing financial discussions in relationships.Read along with the original article(s) here: https://budgetsaresexy.com/getting-my-wife-on-board-with-the-fire-lifestyle/Quotes to ponder:"The more we all share our stories, the more we can help each other get to better places in our relationships.""Celebration became a regular part of our life. Whether we have a good month or bad month, money is always a positive topic and celebrated in our household." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 7, 2024 • 10min
2614: Pick Your Hobbies Strategically and Save by Honey Smith of Get Rich Slowly on Skill Development & Financial Management
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2614:Honey Smith of GetRichSlowly.org discusses the benefits of strategically choosing hobbies, suggesting options like turning hobbies into side gigs, focusing on activities that align with necessary tasks, and engaging in low-cost or free hobbies. She encourages balancing expensive hobbies with cost-effective ones and finding joy in skills development.Read along with the original article(s) here: https://www.getrichslowly.org/pick-your-hobbies-strategically-and-save/Quotes to ponder:"The more you do something, the better you are likely to get at it. And the better you are at something, the more likely you are to enjoy it." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 6, 2024 • 10min
2613: We Decided To Pay Cash For Everything (Here’s What Happened Next!) by Jason Price with PT 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 2613:Jason Price of PTMoney.com shares his experience of switching from credit cards to cash and debit for all expenses. He highlights the benefits of this change, including improved financial discipline, reduced tension, simplified money management, and the convenience of always having cash on hand.Read along with the original article(s) here: https://ptmoney.com/pay-with-cash/Quotes to ponder:"Since making the change to cash and debit card, our choice to overspend has simply disappeared.""Our finances have been greatly simplified with cash envelopes." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 5, 2024 • 11min
2612: The Internal Financial Struggle by Andrea Joy of Saving Joyfully on Budget Management & Debt Reduction
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2612:Andrea Joy of SavingJoyfully.com reflects on her journey of financial self-improvement, emphasizing the value of learning from past mistakes. She shares insights on managing the internal financial struggle, highlighting the importance of being responsible for past decisions, recognizing spending patterns, and using increased income wisely to secure a better financial future.Read along with the original article(s) here: https://www.savingjoyfully.com/blog/the-internal-financial-struggleQuotes to ponder:"I learn the best in every area of my life when I am faced with my failures and regret.""Poor decisions and the consequences of those decisions can teach an incredible lesson.""Remember that every mistake has a lesson to teach, and every lesson learned leaves you wiser than before." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 4, 2024 • 9min
2611: Place is Core to Financial Planning by Ryan Frederick of Here.life on Housing Decisions & Investment Potential
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2611:Ryan Frederick of Here.life emphasizes the importance of including housing in financial planning, given its significant impact on both expenses and investment potential. He discusses the trade-offs involved in housing decisions, such as balancing cost and social connections, and encourages considering how our living environment affects our health, well-being, and financial stability.Read along with the original article(s) here: https://www.here.life/blog/place-is-core-to-financial-planningQuotes to ponder:"Our DNA only accounts for less than 10% of our longevity; our lifestyle and environment are much more significant factors.""We should be particularly mindful of situations that represent poor financial investments that are also poor investments in our healthy longevity.""Determining where to live may be complex, but it may be the most important decision you will make for each chapter of life." Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 4, 2024 • 11min
2610: How to Scale Down Exercise Instead of Skipping It When You Feel Low by Rachel Trotta on Workout Consistency
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2610:Rachel Trotta of RachelTrotta.com offers practical advice on scaling down exercise routines during low-energy periods instead of skipping them entirely. She emphasizes the importance of maintaining momentum and adjusting workouts to match one's energy levels, with strategies such as including more rest, walking, lifting heavier weights for fewer reps, reducing HIIT frequency, and shortening workout durations.Read along with the original article(s) here: https://racheltrotta.com/fitness/scale-down-exercise/Quotes to ponder:"Consistency isn’t about buckling down, or muscling through obstacles with sheer willpower. It’s certainly not about pushing through a tough workout even though you’re running on fumes.""The net result of taking this approach is that you continue improving even when you don’t feel great.""The hardest exercise is one rep of walking through the gym doors." Learn more about your ad choices. Visit megaphone.fm/adchoices
