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
Nov 28, 2023 • 11min
2533: How to Hold an Effective Family Budget Meeting by Chelsea Brennan of Smart Money Mamas on Financial Education for Kids
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 number: 2533Explore the transformative power of involving the whole family in financial planning with Chelsea Brennan's insights on effective family budget meetings. Discover the profound impact of early financial education on kids, learn to make budget discussions engaging and meaningful, and see how these practices can shape a financially savvy and intentional future generation.Read along with the original article(s) here: https://smartmoneymamas.com/hold-effective-family-budget-meeting/Quotes to ponder:"To hold a successful budget meeting, you need to plan ahead of time to make it a fun, positive experience for your kids.""Their ideas may not be something you would usually do, but be open to letting them try. Usually, the best ideas come from people with a fresh set of eyes!""Determine when your family will meet again to review progress. That 0.0007% of your time could mean the difference between raising kids who think critically and creatively about money, or kids who ask the same 'why did no one teach me this?' questions you have had to ask yourself."Episode references:T.Rowe Price’s annual Parents, Kids, & Money survey: T.Rowe Price's website Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 27, 2023 • 12min
2532: The 4% Rule and Why We're Not Relying on It by Kiersten Saunders of Rich and Regular on Retirement Strategy
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 2532:Kiersten Saunders of RichandRegular.com shares a thoughtful critique of the 4% rule, a cornerstone of the FIRE movement's retirement strategy. She emphasizes diversifying income through real estate and other ventures, highlighting the importance of flexibility and control over one's financial destiny beyond traditional investment methods.Read along with the original article(s) here: https://richandregular.com/the-4-rule-and-why-were-not-relying-on-it/Quotes to ponder:"The gifts we give don’t matter as much as the time we spend."Episode references:The Problem with the 4% Rule (and Why You Could Retire Even Sooner): https://www.madfientist.com/discretionary-withdrawal-strategy/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 26, 2023 • 12min
2531: The Seven Deadly Sins of Investing by J Money of Budgets Are Sexy on Investment Strategies
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 2531:J. Money of BudgetsAreSexy.com humorously dissects the common pitfalls investors face, candidly reflecting on his own experiences with the "Seven Deadly Sins of Investing." He highlights the importance of simple, informed investing strategies over complex, fee-heavy approaches and emphasizes learning from mistakes to achieve financial success.Read along with the original article(s) here: https://www.budgetsaresexy.com/7-deadly-sins-investing/Quotes to ponder:"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.""Rule number one: Never lose money. Rule number two: Don’t forget rule number one."Episode references:The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926Risk Parity Radio: https://www.riskparityradio.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 26, 2023 • 11min
2530: Effort Alone Isn't Enough by David Cain of Raptitude on Identity Changes
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 2530:David Cain's "Effort Alone Isn’t Enough" explores the crucial role of self-identity in personal development. He illustrates how envisioning oneself as already having achieved a goal, like becoming a regular runner, can transform effort from an uphill battle to a natural, downhill flow. This shift in self-perception, Cain argues, is often more influential in achieving goals than the effort itself.Read along with the original article(s) here: https://www.raptitude.com/2014/06/effort-alone-isnt-enough/Quotes to ponder:"Every new pursuit seems to be at its most 'uphill' at the beginning, when you have fewer skills and less confidence than you're likely to have for the entire rest of the path.""The real key to success is reaching a place where you feel like a runner before any additional adversity derailed you.""Who you feel like you are determines, at every moment, what actions feel reasonable and unreasonable, doable and not doable, natural and contrived, uphill and downhill."Episode references:How to Visualize Your New Reality – Steve Pavlina: https://stevepavlina.com/blog/2009/11/how-to-visualize-your-new-reality/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 25, 2023 • 12min
2529: Who Feels Rich Really? by Nick Maggiulli of Of Dollars and Data on Money Perspective
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 2529:Nick Maggiulli's insightful article delves into the relativity of wealth and our perception of it, using the story of Pahom from Tolstoy's "How Much Land Does a Man Need?" and Lloyd Blankfein's views on wealth. It challenges our understanding of what it means to be rich and how our comparisons with others shape this perception.Read along with the original article(s) here: https://ofdollarsanddata.com/who-feels-rich-really/Quotes to ponder:"Have you ever had the impression that other people have many more friends than you? If you have, you are not alone. Our friends have more friends on average than a typical person in the population. This is the friendship paradox…"Episode references:"How Much Land Does a Man Need? by Leo Tolstoy" - available at Online Literature."Interview: GS's Lloyd Blankfein - The Big Picture" - available at Ritholtz.com.Credit Suisse Global Wealth Report" - available at Credit Suisse. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 24, 2023 • 10min
2528: 5 Reasons You Need To Track Your Net Worth To Build Wealth by Lisa Harrison of Mad Money Monster
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 2528:Lisa Harrison of MadMoneyMonster.com advocates for the essential practice of net worth tracking, detailing five compelling reasons that underscore its significance in building wealth and achieving financial independence. By monitoring net worth, individuals can gain a clear picture of financial health, stay motivated, measure against peers, observe growth, and curb frivolous spending.Read along with the original article(s) here: https://madmoneymonster.com/2018/02/01/why-tracking-your-net-worth-is-one-of-the-best-things-you-can-do/Quotes to ponder:"Tracking our net worth has been the single best thing we ever did for motivation.""When you know your numbers and you’re watching your net worth skyrocket compared to your peers, it becomes a lot easier to control unnecessary spending." Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 23, 2023 • 13min
2527: How Gratitude Improves Your Financial Wellness (and Health Too): Happy Thanksgiving! by Kathleen Coxwell of New 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 2527:Kathleen Coxwell of NewRetirement.com shares insights on the profound effects of gratitude on health, happiness, and financial well-being, especially during the holidays. She highlights research showing that gratitude enhances mental health, fosters better money management, reduces materialism, and strengthens resilience, suggesting simple practices to cultivate a grateful mindset.Read along with the original article(s) here: https://www.newretirement.com/retirement/how-to-be-thankful-practice-gratitude/Quotes to ponder:"Feelings of gratitude automatically reduce financial impatience.""Gratitude and giving thanks may help us to be happier in life by making us happier where we are and less stressed about achieving material wealth for its own sake." Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 22, 2023 • 10min
2526: [Part 2] 5 Ways to Organize Your Life and Save Money by Emily Guy Birken of PT Money on Creating Money-Saving Systems
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 2526:Emily Guy Birken with PTMoney.com details practical steps for organizing life to save money, focusing on laundry systems, organized pantries, and effective paperwork management. By implementing structured habits and daily routines, Birken argues that organization can become second nature, leading to financial savings and reduced stress.Read along with the original article(s) here: https://ptmoney.com/organize-your-life-save/Quotes to ponder:"Having A Laundry System Will Save You In Utilities.""An Organized Pantry Will Save You Money On Snacks.""Organizing Your Paperwork Will End Late Fees And The 'What Did I Do With That Insurance Check?' Moments."Episode references:Getting Things Done: The Art of Stress-Free Productivity by David Allen: https://www.amazon.com/Getting-Things-Done-Stress-Free-Productivity/dp/0143126563Asana project management system: https://asana.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 21, 2023 • 9min
2525: [Part 1] 5 Ways to Organize Your Life and Save Money by Emily Guy Birken of PT Money on Creating Money-Saving Systems
Emily Guy Birken with PT Money helps you organize your life and save money. This is part 1 of 2.Episode 2525: [Part 1] 5 Ways to Organize Your Life and Save Money by Emily Guy Birken of PT Money on Creating Money-Saving SystemsPTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds.The original post is located here: https://ptmoney.com/organize-your-life-save/Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 20, 2023 • 9min
2524: How to Be Frugal And Live a Good Life by Tynan on Making Mindful Spending Decisions
Tynan talks about how to be frugal and live a good life.Episode 2524: How to Be Frugal And Live a Good Life by Tynan on Making Mindful Spending DecisionsTynan was named as one of the top 25 best bloggers in 2013 by Time Magazine. He believes in making deliberate decisions and breaking away from the herd mentality. He likes learning new things, building habits, exposing the world, connecting with awesome people, and creating good work. The New York Times Bestseller “The Game” featured him as one of the main characters, as he was one of the most famous pickup artists in the world. In 2008, he sold everything he owned and went on an extended world trip, becoming a fervent minimalist.Fun facts: he’s a college dropout, was a professional poker player, Courtney Love was his roommate for 9 months, and he once built a swimming pool in his living room.The original post is located here: https://tynan.com/frugal/ Visit Me Online at OLDPodcast.comInterested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
