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
Jan 8, 2024 • 10min
2580: How to Manage Your Career to Make Millions More by ESI of ESI Money on Wealth Building 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 2580: ESI from ESIMoney.com provides a compelling guide on how to boost your career's value, outlining seven critical steps. These include over-performing, enhancing likability, networking effectively, maintaining an attractive presence, continual learning, adept self-management, and marketing oneself skillfully, all of which are essential for career success and financial growth.Read along with the original article(s) here: https://esimoney.com/how-to-manage-your-career-to-make-millions-more/Quotes to ponder:"Those that consistently over-perform are the ones that get promotions, greater responsibility, and higher wages.""Knowing the right people isn’t the one end-all pathway to career success, but it’s a major part of it.""It’s not bragging if you can back it up."Episode references:"So Good They Can't Ignore You" by Cal Newport: Link to Book Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 7, 2024 • 11min
2579: The Biggest Lie in Personal Finance by Nick Maggiulli of Of Dollars and Data on Retirement Myths
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 2579: Nick Maggiulli's article "The Biggest Lie in Personal Finance" exposes the oversimplified notion that reducing expenses is the key to wealth. He argues that for many, especially those with lower incomes, cutting costs isn't enough without addressing the core issues of insufficient income and systemic financial constraints.Read along with the original article(s) here:https://ofdollarsanddata.com/the-biggest-lie-in-personal-finance/Quotes to ponder:"The only 'secret' that I know to get rich is to grow your income and invest in income-producing assets."Episode references:Consumer Expenditure Survey, Bureau of Labor Statistics: Consumer Expenditure Surveys - U.S. Bureau of Labor Statistics. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 7, 2024 • 11min
2578: Moments Can't Be Captured by David Cain of Raptitude on Fleeting Moments
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 2578: David Cain's narrative in "Moments Can't Be Captured" explores the poignant realization that trying to immortalize experiences through photographs often detracts from truly living them. He shares a personal encounter with a deer, choosing to savor the moment rather than capture it through a lens. This story becomes a metaphor for appreciating life's fleeting moments without the pressure to preserve them artificially.Read along with the original article(s) here:https://www.raptitude.com/2009/07/moments-cant-be-captured/Quotes to ponder:"The Urge to Own Moments: Sometimes we want so badly to capture a remarkable moment in progress, that we introduce an unnecessary anxiousness to our experience of it.""A captured image can invoke torrents of emotion and suggest a touching narrative, but it can’t take you back to the moment, especially if you weren’t there in the first place.""How amazing it would be if we could let the experience itself be enough, however long or short it may be, and let go of the need to try and make a possession of it." Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 6, 2024 • 9min
2577: [Part 2] 5 Tips For Making Extra Money by Philip Taylor of PT Money on Goal Setting and Hard Work
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 2577: Philip Taylor's insights in "5 Tips For Making Extra Money" illuminate the path to successful side hustles, emphasizing the importance of starting before perfection, seeking mentorship, meticulous planning, and dedicated hard work. He narrates how taking actionable steps, even amidst uncertainty, can gradually lead to mastering business skills and achieving financial goals.Read along with the original article(s) here: https://ptmoney.com/make-extra-money-tips/Quotes to ponder:"The perfect is the enemy of the good. You have a choice–sit around in the planning stage forever, or jump in with both feet and earn while you learn.""Don’t expect to be the ultimate small business owner when you’re just getting started. You’re going to make mistakes–plenty of them.""Success is only 1% inspiration, the other 99% is hard work." Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 5, 2024 • 10min
2576: [Part 1] 5 Tips For Making Extra Money by Philip Taylor of PT Money on Side Hustle Ideas
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 2576: Philip Taylor of PTMoney.com shares insightful ways to transform hobbies into profitable ventures. His approach demystifies the process of earning extra income, emphasizing the practicality of leveraging personal passions and skills in an entrepreneurial spirit.Read along with the original article(s) here: https://ptmoney.com/make-extra-money-tips/Quotes to ponder:"The things you choose to spend your free time on are the things you are passionate about. All you have to do is figure out how to turn that hobby into a money-making business." Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 4, 2024 • 13min
2575: Pension, Schmension! Retire on Your Own Terms by Mr. Money Mustache on 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 2575: Mr. Money Mustache's insightful piece sheds light on the pitfalls of financial habits inherited from parents and the traps of conventional employment. It emphasizes the importance of financial independence and the freedom it brings, using a professor's story as a case study to illustrate how one can successfully transition from a traditional career to a self-directed life, free from the constraints of salary and artificial security.Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/01/29/pension-schmension-retire-on-your-own-terms/Quotes to ponder:"To retire, you need passive income to cover your annual living expenses, with a reasonable safety margin.""The money-driven phase of your life is complete.""More money beyond the reasonable guidelines noted already does not make your life better." Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 3, 2024 • 11min
2574: What Is Portfolio Rebalancing? (And How To Do It) by Sarah Sharkey with The College Investor on Asset Allocation
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 2574: Sarah Sharkey's article with TheCollegeInvestor.com demystifies portfolio rebalancing, a crucial yet often overlooked aspect of investing. She illustrates how rebalancing maintains alignment with your financial goals and risk tolerance, despite market fluctuations.Read along with the original article(s) here: https://thecollegeinvestor.com/37290/what-is-portfolio-rebalancing/Quotes to ponder:"Portfolio rebalancing is the act of reorganizing your asset allocation as your portfolio grows.""Rebalancing is an important component of building an investing strategy that is successful in the long term.""If you never rebalance your portfolio, you may be steering into uncharted territory as if you were a driver that decided to throw out the map while on a cross-country road trip." Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 2, 2024 • 12min
2573: 6 Things You Should Never Scratch Off Your Budget by Courtney Luke of Arrest Your Debt on Savings and Health Insurance
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 2573:Courtney Luke at ArrestYourDebt.com provides insightful guidance on maintaining a robust financial plan. The article emphasizes the importance of never eliminating key elements such as savings, health insurance, debt repayment, life insurance, discretionary spending, and groceries from your budget. These components are crucial for long-term financial health and resilience.Read along with the original article(s) here: https://arrestyourdebt.com/never-scratch-off-your-budget/Quotes to ponder: "Putting aside even the tiniest sum of money can make a huge difference in the long run, whether it’s an emergency fund or investments." Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 1, 2024 • 11min
2572: Utility on Investment by Tynan 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 2572:Tynan from Tynan.com challenges conventional investment wisdom, advocating for a broader view of 'utility on investment.' He shares personal examples like his RV and art collection, emphasizing the significant, often overlooked returns in terms of lifestyle improvements and cost savings. Tynan's approach is about investing in experiences and resources that enhance life's quality while reducing future expenses, illustrating a unique path to financial freedom.Read along with the original article(s) here: http://tynan.com/utilityQuotes to ponder:"The point of money is utility, so why aren’t we thinking one step further and thinking about how we can earn the most utility on money?" Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 31, 2023 • 9min
2571: 5 Ways to Involve Kids in the Family Budget by Chelsea of Smart Money Mamas on Financial Literacy For Children
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 2571:Chelsea from SmartMoneyMamas.com provides insightful strategies to involve children in family finances. The article emphasizes practical methods like using cash for certain expenses, understanding entertainment budgets, and maintaining a family savings chart. These approaches not only make money tangible for kids but also instill valuable financial habits early on.Read along with the original article(s) here: https://smartmoneymamas.com/5-ways-to-involve-kids-in-the-family-budget/Quotes to ponder:"The best ways to involve your children in the family budget are going to be any methods that get them physically involved.""If we discuss money with our children inconsistently or make it clear that is an uncomfortable subject for us, the first financial lesson our kids will learn is money is mysterious and scary.""Fully understanding the idea of opportunity cost from a young age will help [children] make smarter financial decisions as an adult." Learn more about your ad choices. Visit megaphone.fm/adchoices
