Optimal Finance Daily - Financial Independence and Money Advice

2979: 9 Things To Do To Reach Financial Independence and Retire Early by Christina Browning of Our Rich Journey Dec 22, 2024

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 2979:

Christina Browning outlines nine actionable steps for achieving financial independence and early retirement (FIRE). From adopting a positive mindset and creating a budget to cutting expenses, increasing income, and investing, this roadmap is practical and motivational. Browning emphasizes flexibility and adaptability, ensuring that your journey to financial freedom is sustainable and enjoyable.

Read along with the original article(s) here: https://www.ourrichjourney.com/post/9-things-to-do-to-reach-financial-independence-and-retire-early

Quotes to ponder:

"Budgeting is non-negotiable. You cannot achieve financial independence without a budget because it is a vital part of the planning process."

"Your money needs to work harder than you, and it needs to keep working even after you stop."

"This is YOUR journey! Don’t let your journey be dictated by the negativity of others!"

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2978: How to Avoid Sabotaging Yourself (To Be Accepted) by Beth Wittig Clayton on Overcome Self-Sabotage Dec 22, 2024

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Episode 2978:

Beth Wittig Clayton delves into the challenge of balancing authenticity with the human need for acceptance. Discover empowering strategies to overcome self-sabotage, honor your personal journey, and nurture healthier, more fulfilling connections.

Read along with the original article(s) here: https://markfisherfitness.com/how-to-avoid-sabotaging-yourself-to-be-accepted/

Quotes to ponder:

"You can’t sacrifice your dreams on the altar of belonging."

"Authenticity is not about disregarding others, but about honoring your own journey."

"The need to belong is universal, but it shouldn’t come at the cost of self-respect."

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2977: If You Are Young And Have A High Income: Treat It As A Windfall by Kevin of Financial Panther on Freedom Dec 21, 2024

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Episode 2977:

Kevin of FinancialPanther.com shares a personal story of financial discipline, turning his high-income early career into a springboard for financial freedom. By resisting the temptation to indulge in a lavish lifestyle, he paid off significant student loans within 2.5 years and gained the flexibility to pursue a more fulfilling job. His advice encourages young professionals to treat their early high earnings as a windfall, focusing on long-term stability rather than short-term status.

Read along with the original article(s) here: https://financialpanther.com/treat-high-income-as-a-windfall/

Quotes to ponder:

"If my closest friends were making less than half of what I was making, then why not just live like I was making that too?"

"Most of your peers aren’t big shots. It won’t look weird if you live modestly right now."

"You never know what the future may hold and you want to give yourself the flexibility to do what you want to do and not be dictated by what your monthly payments are."

Episode references:

Financial Independence, Retire Early (FIRE) movement resources: https://www.choosefi.com

The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277

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2976: The Tale of Two Cab Rides by J. Money of Budgets Are Sexy on Financial Priorities and Frugality Dec 20, 2024

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 2976:

J. Money highlights the importance of financial prioritization through two contrasting cab rides: one chosen for an enriching experience and the other out of necessity. These anecdotes underscore the balance between occasional splurges and financial security, emphasizing that conscious spending in major budget areas creates freedom for life’s unpredictable moments.

Read along with the original article(s) here: https://www.budgetsaresexy.com/tale-of-two-cab-rides-money-tenants/

Quotes to ponder:

"Sometimes money is meant to be spent, even if people give you the judgy face."

"Even when you prioritize your spending, you STILL sometimes get jacked!"

"The bigger the gap between your income and expenses, the less you need to agonize over this kind of one-off purchases."

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2975: How To Decide Whether To Buy Or Rent A Home by Sam of Financial Samurai on Happiness and Values Dec 19, 2024

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 2975:

Buying or renting a home isn't just a financial decision, it’s about lifestyle, long-term happiness, and personal circumstances. Sam of FinancialSamurai.com shares his journey to homeownership, offering practical tips like the 30/30/3 rule and emphasizing the importance of loving where you live. This balanced perspective helps you weigh your options and align them with your goals.

Read along with the original article(s) here: https://www.financialsamurai.com/how-to-decide-whether-to-buy-a-home-or-rent/

Quotes to ponder:

"If you were forced to live in your current location for 10 years, would you be happy, OK, or frustrated?"

"Deciding on buying a home is like deciding on a relationship or a marriage. You just know at that point in time."

"There’s no point in making money if one doesn’t spend it on things that improve the quality of your life."

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2974: Penny Stock Debacle: How I Lost $5,000 and You Can (and Better) Avoid It by Jeff Rose of Good Financial Cents Dec 18, 2024

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Episode 2974:

Jeff Rose shares a cautionary tale of losing $5,000 on penny stocks due to greed, poor advice, and ignorance about the over-the-counter market's volatility. He emphasizes the importance of informed investing, avoiding high-risk ventures, and adopting long-term, passive strategies to achieve financial security.

Read along with the original article(s) here: https://www.goodfinancialcents.com/lose-money-penny-stocks/

Quotes to ponder:

"Greed is not always good. I was doing just fine making a decent return on my boring mutual funds, but the chance of quadrupling my money got the best of me."

"It’s more like traveling to a flea market in Spain and trying to bargain with a vendor even though I don’t speak the language. Chances are I’m going to get screwed just like I was in this situation."

"You don’t conjure up strategies driven by greed to beat the market because you don’t need to beat the market to meet your financial goals."

Episode references:

A Random Walk Down Wall Street by Burton Malkiel: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380

The Intelligent Investor by Benjamin Graham: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661

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2973: My 750 Dollar Bread Making Machine by Mr. Money Mustache on Frugality and Financial Independence Dec 17, 2024

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 2973:

Mr. Money Mustache illustrates how a $10 secondhand bread machine revolutionized his household by saving over $750, reducing waste, and enhancing creativity in the kitchen. From making fresh bread to crafting gourmet pizza dough, he demonstrates that frugal choices can be both cost-effective and indulgent, blending practicality with culinary joy.

Read along with the original article(s) here: https://www.mrmoneymustache.com/2011/09/08/my-750-bread-making-machine-2/

Quotes to ponder:

"You just throw in some flour and a few other things, and you have a great loaf of bread in just a few hours."

"But in my own odd life which combines both frugality and decadence, I have found this device to be quite a worthy contributor to the family."

"If you eat bread and/or pizza regularly, I can safely recommend having a peek at your local Craig’s if you want to dip a toe into the breadmaking world as well."

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2972: How To Put Your Finances On Auto-Pilot by Tania Brown with Financial Finesse on Better Money Habits Dec 16, 2024

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 2972:

Tania Brown demonstrates how automating finances can simplify life while fostering better money habits. By setting up tools for budgeting, bill payment, savings, retirement contributions, and tax-efficient investing, she outlines a low-effort system that helps busy individuals achieve financial security and peace of mind.

Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/26/how-to-put-your-finances-on-auto-pilot/

Quotes to ponder:

"My ability to save doesn’t have to do with willpower or self-control. Instead, it’s all about the systems I have in place to make my pool of money look as small as possible."

"The best part is that her time and effort spent on money will be minimal going forward."

"Your habits surrounding how you spend and save money are much more impactful than the knowledge you may have about how money works."

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2971: Should I Pay Off Debt or Invest by Chris Reining on How to Start Investing for Retirement Early Dec 15, 2024

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 2971:

Chris Reining emphasizes the importance of starting retirement investments early, even in small amounts, to capitalize on decades of growth. He explains the trade-offs between paying off low-interest debt and investing, highlighting the historical advantage of stock market returns while encouraging a balanced approach to savings, debt, and investments tailored to comfort levels. His advice underscores the value of consistent, intentional financial decisions to build security and wealth.

Read along with the original article(s) here: https://chrisreining.com/should-i-pay-off-debt-or-invest/

Quotes to ponder:

"To be successful at investing you have to invest within your comfort zone because when you’re investing within your comfort zone you’re less likely to make bad decisions."

"Think about how you’d feel not having debt, and if you’d feel better not having debt then pay it off."

"Investing, saving, and paying off debt are all really great ways to deploy your hard-earned dollars and there really isn’t a wrong choice here."

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2970: Mediocrity is an Integrity Problem by Cylon George on How to Live Authentically Dec 15, 2024

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Episode 2970:

Cylon George challenges us to see mediocrity as a matter of personal integrity, encouraging a commitment to our deepest values and purpose. His insights reveal how small compromises can undermine character and inspire the courage to live authentically and wholeheartedly.

Read along with the original article(s) here: https://www.spirituallivingforbusypeople.com/mediocrity-is-an-integrity-problem

Quotes to ponder:

"Mediocrity is not a reflection of talent or intelligence; it’s a failure of commitment to our highest values."

"When we compromise our standards in small, seemingly insignificant ways, we pave the way for larger betrayals of our integrity."

"Authenticity isn’t just about being honest with others it’s about being honest with ourselves."

Episode references:

Atomic Habits: https://jamesclear.com/atomic-habits

Daring Greatly: https://www.amazon.com/Daring-Greatly-Courage-Vulnerable-Transforms/dp/1592408419

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2969: How to Pay Yourself First AND Automate Your Finances by Ryan H Law on How to Build Wealth Dec 14, 2024

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 2969:

Ryan H Law highlights the transformative power of "paying yourself first," a foundational personal finance principle. By automating savings through strategies like 401(k) contributions, Roth IRAs, or direct deposits into savings accounts, you can build long-term wealth effortlessly. This approach fosters discipline and prioritizes future financial security over impulsive spending.

Read along with the original article(s) here: https://ryanhlaw.com/how-to-pay-yourself-first/ & https://ryanhlaw.com/automate-your-finances/

Quotes to ponder:

"Poor people spend their money and save what’s left, while rich people save their money then spend what’s left."

"A part of all I earn is mine to keep."

"Paying yourself first is all about deploying the gap: maybe some goes to beefing up your emergency fund, and another portion gets thrown at debt."

Episode references:

Policygenius: https://www.policygenius.com

The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111

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2968: How to Budget on a Variable Income by Jen Hayes on Reducing and Managing Financial Stress Dec 13, 2024

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 2968:

Budgeting on a variable income can be challenging, but Jen Hayes outlines three actionable strategies to make it manageable: living on last month’s income, budgeting paycheck to paycheck, and creating a bare-bones budget based on your worst month. Each approach is tailored to different financial situations, helping you stay in control and reduce stress even when your income fluctuates.

Read along with the original article(s) here: https://www.jenhayes.me/how-to-budget-on-a-variable-income/

Quotes to ponder:

"Budgeting using last month’s income simplifies the process and reduces financial stress."

"If your income varies drastically, use your worst month’s income to create a realistic budget."

"Decide what extra income will go toward ahead of time so you aren’t tempted to blow it."

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2967: Money Saving Hacks for Non Cheapskates by Renee of The Fun Sized Life on Practical Money-Saving Strategies Dec 12, 2024

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 2967:

Renee of TheFunSizedLife.com offers practical money-saving strategies tailored for those who value a balanced approach over extreme frugality. From identifying spending habits misaligned with your goals to focusing on big financial wins, these hacks empower you to save effectively without compromising on the joys of life. She emphasizes aligning spending with your values to create a life that's both financially sound and personally fulfilling.

Read along with the original article(s) here: https://www.thefunsizedlife.com/saving-hacks/

Quotes to ponder:

"Where we spend our money is a reflection of what we value."

"Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t."

"If we are spending too much time or energy on things that aren’t high value to us, over the long run our life starts to feel less thrilling than we’d like."

Episode references:

The quote from Ramit Sethi is from "I Will Teach You to Be Rich": https://www.amazon.com/I-Will-Teach-You-Rich/dp/0761147489

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2966: Why The Banks Are Out To Get You by Wanderer of Millennial Revolution on Index Fund Passive Investing Dec 11, 2024

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 2966:

Wanderer from Millennial Revolution exposes the deceptive practices of financial institutions, highlighting their resistance to index funds due to the threat they pose to their fee-based business model. Learn why financial literacy is crucial to avoid falling victim to misleading advice and how to take control of your investments with low-cost, efficient options.

Read along with the original article(s) here: https://www.millennial-revolution.com/invest/why-the-banks-are-out-to-get-you/

Quotes to ponder:

"Anyone can buy index funds. You don’t need to be licensed, and you don’t need anyone’s permission. All you need is a brokerage account."

"The finance industry is here for one reason and one reason only: to take as much of your money as they can."

"If your bank lies to you, leave! This is a great rule to follow in general: I refuse to do business with liars, and so should you."

Episode references:

Quit Like a Millionaire: https://www.amazon.com/Quit-Like-Millionaire-Radical-Wealth/dp/0525538690

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2965: Where to Invest First AND Get Off the Financial Treadmill and Start Building Wealth by Derick Van Ness Dec 10, 2024

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Episode 2965:

Derick Van Ness emphasizes that the foundation of financial and personal success begins with investing in yourself. Master your skills, develop your mindset, and create value that makes you indispensable. As you grow, pivot from earning income through work to building assets that generate wealth, enabling true freedom and fulfillment in life.

Read along with the original article(s) here: https://biglifefinancial.com/2019-2-1-where-to-invest-first/ & https://biglifefinancial.com/2018-8-15-get-off-the-financial-treadmill/

Quotes to ponder:

"Nothing is more vital than investing in yourself. You are the key to everything in your life."

"Strive to become 'the wheel' rather than a 'cog' in the wheel. Someone whose value is so powerful that you are not dependent on outside circumstances for your success."

"Success isn't somewhere 'out there'; it is 'in here'. Invest in your human capacity, your skills, and your business."

Episode references:

The Miracle Morning: https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710

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2964: Financial Fear and Resistance by Alacias Enger of My Sense With Cents on Money Advice Dec 09, 2024

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Episode 2964:

Alacias Enger explores the emotional and financial implications of living in a world where personal responsibility for retirement has replaced traditional pensions. Through a poignant client story, she illustrates how fear and resistance can hinder progress, and emphasizes the value of surrendering to the present, fostering gratitude, and seeking supportive financial guidance to achieve stability and growth.

Read along with the original article(s) here: http://www.mysensewithcents.com/2021/05/financial-fear-and-resistance.html

Quotes to ponder:

"Fear isn't a terribly useful emotion as it often has us manifesting in the direction of that which we do not want."

"Resistance is very literally fear. When we experience fear, it is because we are literally resisting our here and now by focusing our attention on a past we cannot change or a future we cannot control."

"Can you simply observe your life, your money, and recognize that in this moment you are okay?"

Episode references:

IRS Code 401k Overview: https://www.irs.gov/retirement-plans/401k-plans

The Revenue Act of 1978: https://www.congress.gov/bill/95th-congress/house-bill/13511

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2963: Reduce the Budget Busters by Gary with Jillian Johnsrud on How to Achieve Financial Freedom Dec 08, 2024

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 2963:

Gary from JillianJohnsrud.com shares strategic tips to reduce major expenses without sacrificing quality of life, emphasizing housing, transportation, and food as the most impactful areas to optimize. From house hacking and driving affordable used cars to batch cooking and limiting dining out, these practical approaches can save hundreds monthly, helping you achieve financial freedom and redirect funds toward meaningful goals.

Read along with the original article(s) here: https://www.jillianjohnsrud.com/reduce-the-budget-busters/

Quotes to ponder:

"Focus on eliminating or reducing your largest expenses first before you give up your mocha latte at Starbucks."

"By renting out two rooms in my house, my mortgage payment will be under $300 per month."

"Compounding these changes over time can drastically change your life."

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2962: 3 Practices To Become A Great Listener by Christine Comaford on The Art of Active Listening Dec 08, 2024

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 2962:

Discover how to elevate your conversations with the art of active listening, as shared by Christine Comaford. Learn techniques to foster connection, reduce misunderstandings, and build stronger relationships through intentional listening.

Read along with the original article(s) here: https://smarttribesinstitute.com/great-listener/

Quotes to ponder:

"Great listening starts with a shift in focus from ourselves to the other person."

"Active listening isn’t about agreeing; it’s about creating an environment where people feel heard and understood."

"Listening isn’t passive, it’s one of the most powerful ways we connect with others."

Episode references:

Nonviolent Communication: https://www.amazon.com/Nonviolent-Communication-Language-Marshall-Rosenberg/dp/189200528X

The Power of Full Engagement: https://www.amazon.com/Power-Full-Engagement-Managing-Performance/dp/0743226755

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2961: What Is a Debt Management Plan and How Does It Work by Jackie Beck on Financial Planning Dec 07, 2024

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 2961:

Jackie Beck outlines the essentials of a debt management plan (DMP) as a structured, non-profit-led approach to paying off unsecured debts like credit cards or small medical bills. She highlights its pros, cons, and alternatives, providing actionable steps to determine if a DMP suits your financial needs and encouraging accountability to make the debt repayment journey smoother.

Read along with the original article(s) here: https://www.jackiebeck.com/what-is-a-debt-management-plan/

Quotes to ponder:

"Working with a non-profit to use a debt management plan lets you make one monthly payment for your consumer debts."

"It may cut interest and fees, but you may have to pay a monthly fee to take part."

"No matter what you decide, you’ll need to make changes in your financial life to help make sure things go well in the future."

Episode references:

CESI Debt Solutions: https://www.cesisolutions.org

Consumer Credit Counseling Service (CCCS): https://www.credit.org

National Foundation for Credit Counseling: https://www.nfcc.org

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2960: What If I Don't Get Hit By A Bus by Steven Keys of Trip Of A Lifestyle on Financial Freedom and Happiness Dec 06, 2024

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Episode 2960:

Planning for the long term instead of fearing worst-case scenarios allows you to prioritize meaningful goals and experiences. By focusing on living a full, intentional life, you can balance financial preparation with the pursuit of happiness.

Read along with the original article(s) here: https://www.tripofalifestyle.com/perspective/what-if-i-dont-get-hit-by-a-bus/

Quotes to ponder:

"Living in fear of worst-case scenarios can rob you of today’s joy and tomorrow’s progress."

"Balance is key: prepare for the unexpected, but don’t let it overshadow your long-term dreams."

"Life is about building for a future you believe in, not one you dread."

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2959: Want to Retire Early - Beat Inflation With a One Two Punch by Chris of Keep Thrifty on Financial Decisions Dec 05, 2024

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Episode 2959:

Beating inflation requires a dual approach: increasing your income and reducing expenses. By making intentional financial choices and finding creative ways to earn more, you can safeguard your purchasing power and build lasting wealth.

Read along with the original article(s) here: https://www.keepthrifty.com/how-to-beat-inflation-twice/

Quotes to ponder:

"Inflation is a challenge, but with creativity and diligence, it’s an opportunity to grow your wealth."

"Combat rising costs by earning more and living on less - two powerful tools against inflation."

"Intentional choices and smart financial habits can help you thrive even as prices climb."

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2958: How Investment Newsletters "Beat" the Market by Darrow Kirkpatrick of Can I Retire Yet on Financial Goals Dec 04, 2024

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Episode 2958:

Investment newsletters can provide valuable insights and strategies to outperform the market, but their success depends on aligning with your financial goals and staying informed. Understanding how they identify trends and opportunities empowers investors to make smarter, data-driven decisions.

Read along with the original article(s) here: https://www.caniretireyet.com/how-investment-newsletters-beat-the-market/

Quotes to ponder:

"Investment newsletters distill complex strategies into actionable insights."

"Success lies in understanding the principles behind the advice, not just following blindly."

"Being an informed investor means leveraging diverse resources to your advantage."

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2957: You Can Take More Risks When You Invest Young Explained by Kalen Bruce of Freedom Sprout Dec 03, 2024

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Episode 2957:

Investing young allows you to take calculated risks that can yield significant long-term rewards. By harnessing time, compounding, and a bold approach, you can build a resilient financial foundation while gaining invaluable experience.

Read along with the original article(s) here: https://freedomsprout.com/more-risks-invest-young/

Quotes to ponder:

"The younger you start investing, the more time you have to recover from risks and enjoy compounding rewards."

"Taking bold but calculated risks in your youth can set the stage for extraordinary financial growth."

"Investing early is an education in itself, preparing you for smarter decisions in the future."

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2956: Alignment Within Your Investments by Chris Odegard of The Prolific Investor on Financial Growth Dec 02, 2024

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Episode 2956:

Aligning your investments with your values creates a sense of purpose and fulfillment while optimizing financial growth. This approach ensures that your money works for both your goals and the impact you want to leave on the world.

Read along with the original article(s) here: https://theprolificinvestor.net/15-alignment-within-your-investments/

Quotes to ponder:

"Investing isn’t just about returns; it’s about aligning your money with your life’s vision."

"True financial success comes when your portfolio reflects your values and aspirations."

"Purpose-driven investing combines financial growth with meaningful impact."

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2955: 5 Questions to Ask Yourself Before You Give Up On Budgeting AND Common Money Mistakes by Philip Dancy Dec 01, 2024

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 2955:

Before abandoning budgeting, reflect on your financial priorities, habits, and expectations. By understanding your unique money mindset and tailoring your approach, budgeting can transform from a chore into a powerful tool for achieving your goals.

Read along with the original article(s) here: https://dancywithmoney.com/blog/5-questions-to-ask-yourself-before-you-give-up-on-budgeting and https://dancywithmoney.com/blog/common-money-mistakes

Quotes to ponder:

"Budgeting isn’t about perfection; it’s about persistence and progress."

"Understanding your financial values can turn budgeting into an empowering experience."

"Small, mindful changes can prevent financial mistakes from derailing your goals."

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2954: Tired of Being Tired by Leo Babauta on Self-Care and How to Improve Energy Levels Dec 01, 2024

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 2954:

Reclaim your energy and peace by simplifying your commitments and embracing a minimalist mindset. By prioritizing what truly matters, you can break free from the cycle of exhaustion and create a life filled with clarity and calm.

Read along with the original article(s) here: http://zenhabits.net/tired

Quotes to ponder:

"When we simplify our commitments, we make space for energy and focus to return."

"Saying no can be an act of self-care and a declaration of your priorities."

"Clarity emerges when we strip away the noise and focus on what truly matters."

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2953: 5 Ways Frugality Can Lead To A Happy Life by Lisa Harrison of Mad Money Monster on Saving Money Nov 30, 2024

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 2953:

Practicing frugality goes beyond saving money - it fosters mindfulness, resilience, and a deeper appreciation for life's simple pleasures. This approach not only empowers financial independence but also cultivates lasting happiness through meaningful priorities and intentional living.

Read along with the original article(s) here: https://madmoneymonster.com/2019/09/16/5-ways-frugality-can-lead-to-a-happy-life/

Quotes to ponder:

"Frugality isn’t about deprivation; it’s about redirecting resources toward what truly matters in life."

"Choosing to live simply doesn’t mean settling for less - it means finding joy in the essentials."

"Through frugality, we learn to value what we have and eliminate what doesn’t serve our happiness."

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2952: How to Retire Early with 0% Investment Returns by Steven Keys of Trip of A Lifestyle on Financial Independence Nov 29, 2024

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 2952:

Steven Keys challenges the traditional reliance on stock market returns for early retirement by demonstrating how financial independence can still be achieved, even with 0% investment growth. The key lies in disciplined saving, consuming less than you produce, and embracing a minimalist lifestyle to sustain your future, proving that early retirement is possible without relying solely on investment gains.

Read along with the original article(s) here: https://www.tripofalifestyle.com/money/retire-early-without-investments/#

Quotes to ponder:

“FIRE has never been about investing. It’s based on something much simpler: consuming less than you produce.”

“If you pick two apples today and eat one, then you can eat another apple tomorrow without having to pick any at all.”

“Instead of insisting that your money last forever, you just need to make sure you’ve saved enough to last until you know.”

Episode references:

Social Security Administration: https://www.ssa.gov

Mr. Money Mustache: https://www.mrmoneymustache.com

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2951: The Totally Unsexy Skill That Makes It Easier To Go After What You Want by Sarah Von Bargen of YesAndYes Nov 28, 2024

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 2951:

Sarah Von Bargen shares the often-overlooked yet transformative power of living within your means, using her own inspiring journey to illustrate how small, deliberate financial choices can lead to big life changes. By dialing back on non-essential purchases, you can reclaim time, energy, and money to pursue what truly lights you up, whether that's traveling, creating, or simply savoring life.

Read along with the original article(s) here: https://www.yesandyes.org/2019/04/live-within-your-means.html

Quotes to ponder:

"Learning to live within your means is one of the most underrated skills necessary to chase your dreams."

"We pay for our choices with the lives that we lead."

"Dialing back non-essential purchases, even by 10%, can free up time and energy for the things that truly excite us."

Episode references:

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2950: The Power of Doing Just ONE Thing by J. Money of Budgets Are Sexy on Financial Habits Nov 27, 2024

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 2950:

Focusing on just one powerful financial habit, like maxing out retirement contributions or paying off a mortgage, can lead to significant wealth over time. J. Money emphasizes that simplicity, not complexity, drives financial success it's about taking consistent, impactful action.

Read along with the original article(s) here: https://budgetsaresexy.com/power-doing-one-financial-thing/

Quotes to ponder:

“Sometimes simple isn’t easy, but it can change your life.”

“Focus on one thing and master it; wealth will follow.”

“There’s no wizardry to wealth just big, simple steps taken with persistence.”

Episode references:

The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474

The Automatic Millionaire: https://www.amazon.com/Automatic-Millionaire-One-Step-Financial/dp/0767923820

I Will Teach You to Be Rich: https://www.amazon.com/Will-Teach-You-Be-Rich/dp/0761147489

The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/0451205367

Essentialism: https://www.amazon.com/Essentialism-Disciplined-Pursuit-Greg-McKeown/dp/0804137382

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2949: Am I Too Old to Invest with a Roth IRA AND Budgeting - An Easier, Smarter Way by Philip Taylor of PTMoney Nov 26, 2024

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 2949:

Philip Taylor answers whether a 46-year-old teacher should open a Roth IRA closer to retirement, emphasizing the flexibility and long-term growth potential of this retirement account. He also introduces a simplified budgeting approach that focuses on controlling discretionary spending once fixed expenses are handled, making financial management more efficient for those already living below their means.

Read along with the original article(s) here: https://ptmoney.com/too-old-for-roth-ira/ & https://ptmoney.com/budgeting-an-easier-smarter-way/

Quotes to ponder:

"You never have to use the money if you don’t want to. You could just pass it along to your heirs."

"Even if you only invest half of that amount, you’ll be putting an extra bit of money aside for retirement. Every dollar counts."

"Budgeting increases your 'understanding' of your financial situation; that 'understanding' coupled with a few actions brings about 'control' over spending."

Episode references:

Qualified Education Expenses with Roth IRA: https://www.irs.gov/publications/p970

Fundrise: https://fundrise.com

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2948: [Part 2] Does Money Buy Happiness? by Ryan of Arrest Your Debt on Mindfulness & Intentional Spending Nov 25, 2024

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 2948:

Ryan from ArrestYourDebt.com reveals how companies profit from our constant dissatisfaction, urging a mindset shift for greater happiness and financial freedom. He emphasizes investing in experiences over material items, nurturing meaningful memories, and giving to others to elevate personal joy and purpose.

Read along with the original article(s) here: https://arrestyourdebt.com/money-can-buy-happiness/

Quotes to ponder:

"Businesses and marketers take full advantage of our discontentment."

"Experiences have an amazing way of making us happy and keeping us happy for a longer period of time."

"This life is about living and giving - the more you give, the happier you will be."

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2947: [Part 1] Does Money Buy Happiness? by Ryan of Arrest Your Debt on Ideal Income for Life Satisfaction Nov 24, 2024

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 2947:

Ryan of ArrestYourDebt.com explores the complex relationship between wealth and happiness, revealing that money can indeed increase happiness but only up to a point. With $75,000 as a benchmark for optimal satisfaction, the post emphasizes that while financial stability meets basic needs, further income brings diminishing returns, highlighting the role of contentment and perspective in true well-being.

Read along with the original article(s) here: https://arrestyourdebt.com/money-can-buy-happiness/

Quotes to ponder:

"Money CAN buy happiness! It’s true, the amount of money you make directly corresponds to your amount of happiness! But only up to a certain point."

"The truth is, we will never have enough money if we don’t focus on being content with what we have."

"Human beings are very adaptive in nature, which is a primary cause for our overall discontentment."

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2946: In Defense of Downsizing: 4 Reasons a Smaller Home is the Right Size by Rose Lounsbury on Financial Freedom Nov 24, 2024

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 2946:

Rose Lounsbury reveals why living in a modestly sized home isn’t a sacrifice but a powerful way to gain financial freedom, cleaner spaces, stronger family bonds, and a head start on simplifying life. With a warm, relatable approach, she shares how downsizing can transform your living environment and mindset.

Read along with the original article(s) here: https://roselounsbury.com/defense-downsizing-4-reasons-smaller-home-might-just-right-fit/

Quotes to ponder:

"The problem wasn’t the size of our house, it was the quantity of our stuff."

"A little elbow rubbing on the couch makes for good memories down the road and being able to keep a closer eye on our kids can prevent a whole host of problems during the teenage years."

"Life is nothing more than constant growth and change. In order to grow and change to our full potential, we must let go of the things that no longer support who we are."

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2945: Taking Big Dumb Risks by Chris Reining on Financial Independence and Stock Market Investing Nov 23, 2024

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 2945:

When we’re young, we take risks without thinking twice often because we get lucky and don't face the consequences. Chris Reining’s story of riding a crocodile and navigating stock market highs serves as a metaphor for the fine line between luck and sound decision-making. He argues for investing wisely, understanding the difference between price and value, and never risking more than what you need to achieve financial independence.

Read along with the original article(s) here: https://chrisreining.com/big-dumb-risks/

Quotes to ponder:

"Just because you didn’t get hurt doing something dumb doesn’t mean you didn’t take a big risk and get away with it."

"Price is what you pay. Value is what you get."

"It’s easy to feel jealous when you see other investors getting rich fast, but remember, just because someone didn’t get hurt doesn’t mean they didn’t take a big dumb risk."

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2944: According to Science, Spending Your Money in These 6 Ways Can Make You Happier by Charlie Brown Nov 22, 2024

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 2944:

Charlie Brown highlights research-backed ways to use money for greater happiness. From spending in alignment with your personality and opting for frequent small treats, to prioritizing experiences and investing in flow-inducing activities, these strategies are proven to boost life satisfaction. Giving to others and savoring the anticipation of future events also provide lasting joy.

Read along with the original article(s) here: https://themakingofamillionaire.com/according-to-science-spending-your-money-in-these-6-ways-can-make-you-happier-6348c9772bfd

Quotes to ponder:

"People whose purchases better match their personality report higher levels of life satisfaction."

"Frequent small treats will make you happier than big splurges because we are less likely to adapt to small experiences."

"Science says the emotion of anticipation is even stronger than being in the moment or remembering past pleasures."

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2943: Reflections On Turning 30: From Job Seeker To Corporate Deserter In 10 Years by A Purple Life Nov 21, 2024

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 2943:

Reflecting on a decade of transformation, the author recounts their journey from a fearful college student desperate for a job to a more confident individual ready to leave corporate life for personal fulfillment. The narrative highlights lessons on the emptiness of corporate ambition and the irreplaceable value of time spent with loved ones, emphasizing the importance of defining success on one's own terms.

Read along with the original article(s) here: https://apurplelife.com/2019/10/08/im-60-going-on-30/

Quotes to ponder:

"After a few years of following other peoples’ paths for success, I had a revelation and realized that all this shit that people said would make me happy, was doing everything but."

"I want my life to be filled with exploring this gorgeous world of ours and not sitting in endless meetings."

"Having more time with loved ones before it’s too late is my main impetus to retire as early as possible without sacrificing my happiness now."

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2942: Retire Early with Parkinson's Law by Joel of 5AMJoel on How to Achieve Early Retirement Nov 20, 2024

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 2942:

Joel of 5AMJoel.com explores how Parkinson’s Law “work expands to fill the time available for its completion” can be leveraged to achieve early retirement. By taking control of your time, as illustrated through a simple office scenario, Joel emphasizes that the duration of your career is ultimately determined by how efficiently you complete necessary tasks. Mastering focus, eliminating distractions, and structuring work intentionally can enable a dramatically different life path.

Read along with the original article(s) here: http://5amjoel.com/retire-early-parkinsons-law/

Quotes to ponder:

"Work expands so as to fill the time available for its completion."

"Sally eliminated distractions to focus on her 10 tasks only."

"If we truly believe that time is 100% within our control, we can choose how long we want our career to be."

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2941: 7 Ways to Save on Heating Costs This Winter by Hilary with Money Mini Blog on Energy-Saving Habits Nov 19, 2024

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 2941:

Turn down the temperature on your thermostat and rock warm winter clothing to cut heating expenses. Combine this with smart energy-saving habits, like using a programmable thermostat and sealing drafts, to keep your home cozy without breaking the bank. Hilary from MoneyMiniBlog.com shares practical, low-cost solutions to help you manage heating bills effectively this winter.

Read along with the original article(s) here: https://moneyminiblog.com/save-money/save-heating-costs/

Quotes to ponder:

"Each degree lowered during the heating season represents between one and three percent savings on your heating bill."

"Wearing one layer of thermal long underwear allows you to turn down the thermostat by at least seven degrees Fahrenheit, saving up to 40 percent on space heating energy."

"Reducing drafts can represent energy savings of 5 to 30 percent, according to the US Department of Energy."

Episode references:

Low Income Home Energy Assistance Program (LIHEAP): https://www.acf.hhs.gov/ocs/low-income-home-energy-assistance-program-liheap

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2940: Get Rich With: Profitable Leisure Time by Mr. Money Mustache on Financial Freedom & F.I.R.E Nov 18, 2024

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 2940:

Mr. Money Mustache explores how to enjoy leisure time without excessive spending by embracing fulfilling, low-cost activities. By valuing local, sustainable hobbies and even money-making pastimes, he demonstrates how redefining leisure can create both personal satisfaction and financial freedom.

Read along with the original article(s) here: https://www.mrmoneymustache.com/2011/05/05/get-rich-with-profitable-leisure-time/

Quotes to ponder:

"Leisure represents the freedom to do things that make you happy."

"When you are not at work, you need to do SOMETHING with your time. The possibilities are endless."

"Make your own leisure list including the feeling of waking up on a Monday morning and realizing you don’t have to go to work unless you want to."

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2939: 8 Important Tips To Improve Your Finances (In Only 30 Days!) by Christina Browing of Our Rich Journey Nov 17, 2024

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 2939:

By implementing Christina Browning's quick and practical financial tips, you can jumpstart your financial wellness within just 30 days. From increasing your credit score to enjoying the journey toward financial independence, these strategies focus on practical steps you can start today to reduce expenses, increase savings, and even boost your income with a fresh mindset on money.

Read along with the original article(s) here: https://www.ourrichjourney.com/post/8-important-tips-to-improve-your-finances-in-only-30-days

Quotes to ponder:

"Talking about money with friends and acquaintances should be normalized instead of stigmatized."

"You want to create a detailed financial plan with trackable milestones."

"Striving to achieve financial independence is not a sprint, it’s a marathon."

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2938: Looking At Our Daycare Costs And Why We Send Our Son To Daycare by Kevin of Financial Panther Nov 17, 2024

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 2938:

Kevin of Financial Panther examines the costs and benefits of daycare, highlighting the balance between time, money, and his child’s social development. By analyzing hourly expenses and considering the non-financial advantages, Kevin emphasizes the value of daycare in providing structure for his family, freedom in his work-life, and enriching social experiences for his son.

Read along with the original article(s) here: https://financialpanther.com/looking-at-our-daycare-costs-and-why-we-send-our-son-to-daycare/

Quotes to ponder:

"I think some people fall into this trap where they think of every decision in terms of money. In reality, the decisions we make are never just about money."

"Children completely change your life. No matter what your situation is, if you have kids, you’re going to have to pay for childcare. You’ll either pay for it with your time. Or you’ll pay for it with your money."

"I’m not an expert on childcare by any means, but to me, getting interaction with other kids and developing social skills is a good thing for his development."

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2937: What it Means to “Live Below Your Means” by Jackie Beck on Budgeting & Financial Freedom Nov 16, 2024

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 2937:

Jackie Beck explains the concept of "living below your means" as a path to financial freedom, breaking down how spending less than you earn builds security and lessens financial stress. By managing expenses, budgeting, and cutting unnecessary costs, she shows how anyone can take simple steps to achieve a less debt-ridden, more fulfilling life.

Read along with the original article(s) here: https://www.jackiebeck.com/what-it-means-to-live-below-your-means/

Quotes to ponder:

"Living below your means is about saving some of your money so you can afford things in the future or in case of an emergency."

"If it feels like deprivation, I’d argue that you’re doing it wrong. Because even if you do reach your financial goals, what’s the point if you’re completely miserable?"

"Money is a tool we can use to build a life of meaning. Financial freedom needs to be way more interesting than consumerism."

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2936: What Does It Take To Be A Successful Investor by Vicki Cook & Amy Blacklock of Women Who Money Nov 15, 2024

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 2936:

Successful investing relies on key traits like patience, confidence, and emotional control, which empower people to ride out market volatility and stick to their financial goals. Vicki Cook and Amy Blacklock outline how embracing continuous learning, understanding risk, and focusing on long-term objectives can help investors especially women close the confidence gap and harness the full potential of compounding to build wealth and security.

Read along with the original article(s) here: https://womenwhomoney.com/characteristics-successful-investor/

Quotes to ponder:

"Successful investors understand the risk-return relationship and build diversified portfolios aligned with their long-term financial objectives."

"Staying focused on your goals, remaining calm, and ignoring the 'noise' during market turmoil are keys to being a successful investor."

"Successful investors aren’t just confident; they have humility too. They expect volatility in the market but understand volatility and loss are not the same things."

Episode references:

The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2935: How to Get Rich with Minimalism by Karen Trefzger of Maximum Gratitude Minimal Stuff on Personal Finance Nov 14, 2024

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 2935:

Karen Trefzger explains how minimalist lifestyle choices can unlock financial freedom by cutting unnecessary expenses in areas like housing, cars, entertainment, and education. By simplifying spending and reinvesting the savings, she suggests anyone can build substantial wealth while also gaining peace of mind and flexibility.

Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2024/10/how-to-get-rich-with-minimalism.html

Quotes to ponder:

"Keeping up with the Joneses is a terrible idea when they’re spending more than they earn."

"Cutting back on non-essentials is not a sacrifice, but a gift we give ourselves."

"Minimalism isn’t just about having less; it’s about valuing what truly matters."

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2934: Selling My Time Too Cheap: How Full-Time Year-Round Work Blinds Us To The Joys of Life by Paul Millerd Nov 13, 2024

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 2934:

Paul Millerd explores how the societal default of full-time, year-round employment often blinds us to life’s more meaningful experiences. Sharing his journey from corporate consultant to self-employed, he reveals the hidden costs of trading endless hours for stability and questions the assumptions that keep many people from reclaiming their time and rediscovering genuine fulfillment.

Read along with the original article(s) here: https://pmillerd.com/time/

Quotes to ponder:

"Those moments where you’ve had enough space and time to connect to yourself are priceless."

"What we bought into was a silent conspiracy. One where as long as we remained employed, we could pretend that we had it figured out."

"If I had to plant a piece of wisdom in the brain of my younger self it would simply be to tell him that a different state of being is possible."

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2933: Investing by Steve Pavlina on Creating Positive Social Impacts Nov 12, 2024

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 2933:

Investing isn’t just about profit; Steve Pavlina emphasizes the importance of aligning investments with personal values to avoid self-sabotage and create positive social impacts. He suggests focusing on growth-inducing investments in personal development and businesses you control, rather than purely profit-driven options, for a more fulfilling financial journey.

Read along with the original article(s) here: https://stevepavlina.com/blog/2012/07/investing/

Quotes to ponder:

"Where you invest your money, time, and energy will impact how you feel about yourself as well as how you influence the overall economy."

"Investing in personal growth means paying for growth-inducing experiences like books, audio programs, courses, seminars, coaching, training, travel, and more anything that helps you grow."

"You’ll find it much easier to invest in alignment with your values since you won’t be fighting a part of yourself."

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2932: [Part 2] You Don’t Have to Make $100,000 a Year to Retire Early by Mrs. 1500 of 1500 Days on Saving Money Nov 11, 2024

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 2932:

In this insightful continuation, Mrs. 1500 offers practical strategies for maximizing savings and finding financial freedom on any income level. From reselling thrift-store finds to leveraging free educational resources and simplifying everyday expenses, she emphasizes thoughtful decision-making. It's not about how much you earn but how wisely you manage what you have.

Read along with the original article(s) here: https://www.1500days.com/you-dont-have-to-make-100000-a-year-to-retire-early/

Quotes to ponder:

"You can make $40K/year and retire when you’re 50. You can also make $120K/year and still have to work when you’re 75. It’s all about choices."

"Don’t fall for a beautiful face or a hot body. Look at their decisions and see if they are something you can live with."

Episode references:

MIT OpenCourseWare: https://ocw.mit.edu/

Codecademy: https://www.codecademy.com/

Treehouse: https://teamtreehouse.com/

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2931: [Part 1] You Don’t Have to Make $100,000 a Year to Retire Early by Mrs. 1500 of 1500 Days on Frugality Nov 10, 2024

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 2931:

Mrs. 1500 from 1500Days.com shares her thoughts on early retirement, emphasizing that you don’t need to earn a six-figure salary to achieve it. Drawing from her own experience of living frugally, she offers practical tips, such as renting out spare rooms, maintaining a budget car, and delaying major expenses like children, all while finding joy in a simpler lifestyle.

Read along with the original article(s) here: https://www.1500days.com/you-dont-have-to-make-100000-a-year-to-retire-early/

Quotes to ponder:

"Anyone can stir things together in a bowl. Take a day to make up a bunch of breakfast sandwiches and put them in the freezer so you don’t have to stop at the drive-thru on the way to work because you woke up late."

"Delay having children until you can afford them. Now I understand surprises happen, but there are ways to avoid these surprises."

"Don’t attend weddings for people you don’t believe will stay together."

Episode references:

Retire by 40: https://retireby40.org

Mr. Money Mustache: https://www.mrmoneymustache.com

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2930: Heart Health and Your Retirement Well Being by Kathleen Coxwell on Cost of Healthcare Expenses Nov 10, 2024

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 2930:

Heart disease is the leading cause of death in the U.S., but it often goes overlooked in retirement planning. Kathleen Coxwell highlights that the risks of heart attack increase after retirement due to stress, loss of purpose, and lifestyle changes. By focusing on heart-healthy habits such as a proper diet, regular exercise, finding purpose, and having a detailed retirement plan, retirees can significantly improve both their health and well-being.

Read along with the original article(s) here: https://www.newretirement.com/retirement/heart-health-and-your-retirement-well-being/

Quotes to ponder:

"Heart disease is both the leading cause of death in the U.S. and the most preventable."

"Retirees within a year of transitioning from work were 40% more likely to have had a heart attack or stroke than those who were still working."

"The key to regular exercise is less the exercise than the regular."

Episode references:

Health and Retirement Study: https://hrs.isr.umich.edu

Holmes-Rahe Stress Inventory: https://www.stress.org/holmes-rahe-stress-inventory

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2929: Spending Less Versus Earning More by ESI of ESI Money on Building Wealth & Investment Advice Nov 09, 2024

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 2929:

ESI of ESIMoney.com explores the age-old debate of spending less versus earning more for financial success. Both strategies are essential: spending less yields immediate benefits, while earning more increases financial freedom over time. True financial growth comes from maximizing the gap between income and expenses by controlling spending and boosting earnings.

Read along with the original article(s) here: https://esimoney.com/spending-less-versus-earning-more/

Quotes to ponder:

“Earning more without controlling spending is a waste.”

“The real magic happens when you raise income AND cut expenses.”

“Decide what’s important to you and spend on that (in moderation).”

Episode references:

The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474

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2928: Buy This, Not That by Dr. Jim Dahle of White Coat Investor on Personal Financial Decisions for A Rich Life Nov 08, 2024

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 2928:

Dr. Jim Dahle offers practical advice on financial decisions that can lead to wealth-building instead of debt accumulation. By choosing used cars, index funds, and experiences over flashy purchases like new cars, actively managed funds, and expensive homes, Dahle highlights the importance of strategic spending for long-term financial success.

Read along with the original article(s) here: https://www.whitecoatinvestor.com/buy-this-not-that/

Quotes to ponder:

"Building wealth is about buying assets, not stuff."

"The purchases that bring the most happiness are shared experiences with people we care about, not the stuff that fills our houses and garages."

"You shouldn't buy a brand-new car until you're a millionaire."

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2927: Greater Riches Than Wealth by Joshua Becker of Becoming Minimalist on Financial Life Advice Nov 07, 2024

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 2927:

Joshua Becker challenges the common pursuit of wealth, arguing that true riches lie beyond financial accumulation. By removing the desire for money, we unlock deeper happiness, security in relationships, and greater fulfillment in life. Becker invites readers to reassess their values, highlighting how generosity, contentment, and purposeful work can replace the relentless drive for wealth.

Read along with the original article(s) here: https://www.becomingminimalist.com/richer/

Quotes to ponder:

"Happiness has been available to us all along once we remove the desire for money."

"People who want to get rich fall into a trap that often leads to ruin and regret."

"Generosity is more about priorities than it is about income."

Episode references:

Zig Ziglar's Quote on Money: https://www.brainyquote.com/quotes/zig_ziglar_125708

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2926: Put Your Money Fears in Perspective by David Champion with Can I Retire Yet on Retirement Advice Nov 06, 2024

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 2926:

David Champion reflects on the fear many retirees face as they shift from earning income to relying on savings, particularly in volatile times. He highlights how historical resilience in financial markets, combined with flexibility in spending, can help retirees overcome excessive worry about their portfolios running dry. Champion’s own experience offers reassurance that most financial fears are overblown, even amid global crises.

Read along with the original article(s) here: https://www.caniretireyet.com/put-your-money-fears-in-perspective/

Quotes to ponder:

"Worrying is like paying a debt you don’t owe; I have spent most of my life worrying about things that never happened."

"The fear of outliving my savings has abated. With five years of data in the rearview mirror, the upshot is that my net worth is 6.3% higher today than it was when I retired."

"For many who still work, the only thing standing between them and their dreams is the perceived vulnerability of their nest eggs."

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2925: Stop Asking for Permission AND What No “Financial Advisor” Will Ever Tell You by Derick Van Ness Nov 05, 2024

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 2925:

Derick Van Ness challenges readers to stop seeking external validation and start trusting their instincts to make bold decisions. He emphasizes that real success comes from carving your own path, rather than conforming to societal expectations, and highlights the opportunity cost of following the status quo, which often leads to missed financial and personal growth opportunities.

Read along with the original article(s) here: https://www.biglifefinancial.com/blog/2018/6/16/stop-asking-for-permission & https://www.biglifefinancial.com/blog/2017/9/4/what-no-financial-advisor-will-ever-tell-you

Quotes to ponder:

"It's ok to be different. In fact, the world NEEDS you to be different. It's how you create unique value in the world and why people love you!"

"Choosing your own path truly is the key to success. It's what has created the best parts of your life, so don't be afraid of it."

"The opportunity cost of seeking too much external validation from the wrong people is that you end up creating a life that isn’t authentic to you."

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2924: Slam Dunk Financial Planning by Jesse Cramer of Best Interest Blog on Investment Portfolio Advice Nov 04, 2024

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 2924:

Jesse Cramer explores how smart financial planning mirrors basketball strategy: take the guaranteed shot instead of chasing risky gains. He explains how narrowing the range of outcomes through careful planning like diversifying investments or giving yourself time leads to financial dependability and peace of mind, avoiding unnecessary risks.

Read along with the original article(s) here: https://bestinterest.blog/slam-dunk-financial-planning/

Quotes to ponder:

"There’s a 60% chance I live the exact lifestyle I want to in retirement. But no matter what, all three scenarios are acceptable to me, so there’s a 100% chance I’ll enjoy life throughout my retirement."

"Reducing your range of outcomes has many benefits. In this particular basketball scenario, simple math supports it; 99% of 2 points is better than ~40% of 3 points."

"Why risk something you have and need for something you don’t have and don’t need?"

Episode references:

Risk Parity Radio podcast: https://www.riskparityradio.com

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2923: Conventional Money Advice Won't Create The Life You Want by Nacho Average Fro on Budgeting Nov 03, 2024

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 2923:

Jessica challenges conventional money advice, like the 50/30/20 rule, as ineffective for high-achievers. Instead of following one-size-fits-all budgeting models, she suggests decluttering financial priorities and creating personalized guidelines that align with individual goals and seasons of life. This approach helps achievers build a financial plan that truly supports the life they desire.

Read along with the original article(s) here: https://www.nachoaveragefro.com/blog/50-30-20-budgeting-wont-help-you-build-the-life-you-desire

Quotes to ponder:

"You cannot build the life you want using someone else's rules."

"Eliminating overwhelm is always the first step."

"Your budget line items will drive your actions and subsequent habits and routines."

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2922: Would You Take A Bet That Would Change Your Life? Probably Not. Here’s Why by Nir Eyal Nov 03, 2024

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 2922:

Nir Eyal explores the power of betting on yourself to change habits, highlighting a study that shows how putting money at risk can significantly boost success rates, particularly in quitting smoking. Despite its effectiveness, this approach remains underused due to fear of failure and the discomfort of risking money. Eyal delves into why people resist such bets and how understanding that resistance can lead to better self-discipline.

Read along with the original article(s) here: https://www.nirandfar.com/habits-bet/

Quotes to ponder:

"People who risked $150 of their own money to win a $650 bonus prize were dramatically more likely to quit smoking than those who used traditional smoking cessation methods."

"Only 13.7% of the participants assigned to the deposit program chose to enroll in it, whereas 90.0% of those assigned to the reward program chose to enroll."

"Behavior change is hard and people will inevitably fail."

Episode references:

New England Journal of Medicine study on smoking cessation: https://www.nejm.org

Nudge: https://www.amazon.com/Nudge-Improving-Decisions-Health-Happiness/dp/014311526X

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2921: How to Leave Your Financial Advisor in 5 Simple Steps by Andy Hill of Marriage, Kids and Money Nov 02, 2024

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 2921:

Andy Hill shares practical steps for parting ways with a financial advisor who may not be prioritizing your best interests. He outlines a straightforward, five-step guide to transition to a new advisor or self-directed investing. With insights on selecting an advisor, understanding fees, and minimizing emotional discomfort during the process, this guide empowers listeners to take charge of their financial future.

Read along with the original article(s) here: https://marriagekidsandmoney.com/how-to-leave-your-investment-broker-in-5-simple-steps/

Quotes to ponder:

"Try your best to remove emotion from the equation. You may hurt some feelings but this is your retirement we're talking about here!"

"We didn't feel like we had a partner in our retirement success anymore. He was not performing his fiduciary duty."

"Avoid commission-based financial advisors. They can be more interested in selling you products than advising you toward a successful retirement."

Episode references:

Econome Conference YouTube Channel - "Are FIRE and financial advisors incompatible?": https://www.youtube.com/watch?v=Qa7vLbUvPoI

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2920: 3 Steps to Help You Get Financially Unstuck by Jaime of Keep Thrifty on Personal Finance Habits Nov 01, 2024

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 2920:

Feeling financially stuck often comes from living according to external pressures, but Jaime shares how questioning assumptions, experimenting with lifestyle changes, and taking action can lead to financial freedom. By simplifying their lives, selling unused possessions, and reassessing their spending, Jaime and Chris created a path to flexibility, travel, and meaningful work. These practical steps offer a blueprint for anyone wanting to align their money with their values and dreams.

Read along with the original article(s) here: https://www.keepthrifty.com/get-unstuck-financially/

Quotes to ponder:

"It wasn’t until we became a family of five that we realized we were broken. We had a nice home and a good job but we found ourselves unhappy."

"Once we created this vision, a vision that aligned with our own values, we found the strength to question more."

"After asking ourselves all those questions we realized that we wanted to simplify our life and make room for our dreams."

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2919: How Retirement Is Like College (And Why I Love Both) by A Purple Life on Financial Independence & Travel Oct 31, 2024

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 2919:

In her reflective piece, A Purple Life explores how both retirement and college offered her the ultimate freedom to control her time and activities. She draws parallels between the stillness, constant learning, and community of both phases but concludes that retirement, with the added benefit of financial security and self-direction, is even better than her college days. This comparison highlights the joys of autonomy and a balanced life.

Read along with the original article(s) here: https://apurplelife.com/2023/07/11/retirement-is-like-college/

Quotes to ponder:

"Now I’ve started doing nothing again in retirement. It was so peaceful."

"Learning makes me happy and being able to follow my curiosity wherever it takes me is a wonderful gift."

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2918: You Should Talk About Money by Robyn Goldfarb of A Dime Saved on Money & Relationships Oct 30, 2024

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 2918:

Talking about money has long been considered taboo, but Robyn Goldfarb challenges this notion by sharing her experience of how liberating it can be to discuss financial struggles openly. By removing the stigma surrounding money, we can foster support and understanding among friends. Goldfarb emphasizes that self-worth shouldn’t be tied to financial status, and encourages creating an atmosphere of openness without judgment when addressing money with others.

Read along with the original article(s) here: https://adimesaved.com/talk-about-money

Quotes to ponder:

"I was so used to conflating my money or lack thereof with my own self-worth as if it was my fault that I was unemployed."

"It was considered 'socially-off' actually to ADMIT something like that. The words 'I can’t afford it' were one of the most embarrassing things to say."

"Once we realized that we were in the same boat, we were able to support each other."

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2917: Why I Budget (And Why You Don't Have To) by Kalen Bruce of Money Mini Blog on Budgeting & Personal Finances Oct 29, 2024

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 2917:

Kalen Bruce explains why budgeting works for some but isn't necessary for everyone. While he personally finds value in budgeting for freedom and peace of mind, he acknowledges that many people can succeed without a budget if they prioritize key financial habits like saving for retirement, securing insurance, and preparing for large expenses. The choice comes down to what works best for your financial goals and lifestyle.

Read along with the original article(s) here: https://moneyminiblog.com/budgeting/why-i-budget-and-why-you-dont-have-to

Quotes to ponder:

"I budget for the sake of freedom. I know that I can buy everything in my budget, when I spend every cent on paper before the month starts."

"If you will set these things to automatically come off the top of your income, you will be set up for success, and you can freely spend the rest of your money on whatever you want."

"You may hate budgeting. If so, welcome to the majority!"

Episode references:

Procrastinate on Purpose by Rory Vaden: https://www.amazon.com/Procrastinate-Purpose-Doing-Multiply-Time/dp/0399170634

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2916: Don’t Sweat Petty Stuff, and Don’t Pet Sweaty Stuff by Dave of Accidental Fire on Financial Independence Oct 28, 2024

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 2916:

Dave of AccidentalFIRE.com emphasizes the importance of focusing on the "big stuff" in personal finance, housing, and transportation rather than obsessing over small expenses like daily cappuccinos. By minimizing costs on these major areas, he demonstrates how you can enjoy financial freedom without sacrificing the things that bring joy. His approach of avoiding lifestyle inflation and maximizing savings led to long-term wealth, proving that smart, big decisions make the biggest impact.

Read along with the original article(s) here: https://accidentalfire.com/2017/11/04/hello-world/

Quotes to ponder:

“It’s about choices. I made mine based on the size of the mathy-ness involved.”

“If I could save the maximum amount on those two things, I’d be in the winning column.”

“I didn’t try to keep up with the Joneses, cuz I hate the friggin’ Joneses.”

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2915: Stop Letting Pride Keep You Broke by Andrea Joy of Saving Joyfully on Financial Well-Being Oct 27, 2024

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 2915:

Andrea Joy of SavingJoyfully.com explores how pride can sabotage your financial well-being by pushing you to make unnecessary purchases to please others or fit in. By understanding your motivations and embracing your unique worth, you can shift from chasing material validation to achieving financial freedom and inner contentment.

Read along with the original article(s) here: https://savingjoyfully.com/blog/stop-letting-pride-keep-you-broke

Quotes to ponder:

"Your worth IS NOT in the money you have, the car you drive, a career you have, clothes you wear, or even in how you look."

"Pride will keep you broke. You will always struggle financially because you will always find something else that you need to fulfill a new unmet desire."

"Learn to define healthy and unhealthy spending habits so that you can easily determine if a purchase should be made."

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2914: Do Your Preferences for a Romantic Partner Influence Your Actual Choice of Romantic Partner by Dr. Lorne Campbell with Luvz Oct 27, 2024

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 2914:

Dr. Lorne Campbell explores whether people's preferences for a romantic partner predict their actual relationship choices. Research shows that while preferences often align with descriptions or ideals, they don't consistently match who we are drawn to in real-life interactions. This gap in understanding offers a valuable opportunity for future studies, suggesting that romantic preferences may be less influential than we think in forming lasting relationships.

Read along with the original article(s) here: https://www.luvze.com/do-your-preferences-for-a-romantic-partner-influence-your-actual-choice-of-romantic-partner/

Quotes to ponder:

"People’s preferences for a romantic partner predict how much they like written descriptions of other people, but not how much they like actual people after meeting them."

"A study that uses self-reports of behavior as a proxy for actual behavior is only as informative as the existing knowledge of the association between the two."

"We know a lot about people’s preferences for future romantic partners, but we know very little about how these preferences influence people’s decisions to begin romantic relationships."

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2913: This Money Belief Is What Keeps Many People In Debt by Kelley Long of Financial Finesse Oct 26, 2024

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 2913:

Kelley Long explores how a common money belief spending based on what you can afford instead of what you truly need can keep people in debt. She highlights how small, seemingly insignificant decisions, like choosing convenience over saving money, reflect a mindset that often leads to financial struggle, regardless of income. Her personal journey from paycheck-to-paycheck living to financial stability shows the power of shifting one's approach to spending and saving.

Read along with the original article(s) here: https://www.financialfinesse.com/2018/11/06/this-money-belief-is-what-keeps-many-people-in-debt/

Quotes to ponder:

"Every dollar I don’t spend today is a dollar that can help me stop working sooner."

"Spending according to what you need. It’s a mindset."

"Just because you can squeeze $450/month out of your budget in order to make a car payment doesn’t mean you need that nice of a car."

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2912: 8 Tips on How to Move to Your Next House on a Budget by Lisa Harrison of Mad Money Monster Oct 25, 2024

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 2912:

Lisa Harrison offers eight practical strategies to help you move to a new home without straining your finances. From researching moving costs to selling unneeded belongings and sticking to a budget, these tips can make a potentially stressful process more manageable and affordable. Whether you’re buying or renting, careful planning can turn the challenge of moving into a smooth, cost-efficient transition to your new home.

Read along with the original article(s) here: https://madmoneymonster.com/2022/07/26/8-tips-on-how-to-move-to-your-next-house-on-a-budget/

Quotes to ponder:

"Moving on a tight budget doesn’t have to mean sacrificing comfort - it just requires resourcefulness and strategic planning."

"You never know; you might actually be able to make some money from your old things."

"As long as you know your budget and stick to it, you can move with as little stress as possible and be able to enjoy your new home."

Episode references:

Goodwill: https://www.goodwill.org

Salvation Army: https://www.salvationarmyusa.org

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2911: [Part 2] Starting to Save for Retirement at 40 by William Cowie with Get Rich Slowly on Passive Investing Oct 24, 2024

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 2911:

William Cowie explains how, even starting at 40, you can build a secure retirement by working harder and considering less passive investments like real estate. His advice includes serious budgeting, debt elimination, and potentially taking on a second job to catch up. While it won't be easy, Cowie emphasizes that there is always hope and a path to financial independence, no matter when you begin.

Read along with the original article(s) here: https://www.getrichslowly.org/starting-to-save-for-retirement-at-40/

Quotes to ponder:

"It’s never too late to start, but the later you begin, the harder the work."

"Life isn’t always kind nor is it predictable but we don’t have to make it harder for someone else."

"If you’re getting a late start, you’re likely going to need to make a dramatic change to catch up."

Episode references:

Catching Up to FI: https://www.catchinguptofi.com

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2910: [Part 1] Starting to Save for Retirement at 40 by William Cowie with Get Rich Slowly on Investing Math Oct 23, 2024

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 2910:

Turning 40 can trigger concerns about retirement savings, especially if you’ve barely started. William Cowie explores strategies for catching up, emphasizing the tough math behind investing more or accepting higher risks to make up for lost time. His practical advice acknowledges the challenges while offering pathways to securing a retirement, even with a late start.

Read along with the original article(s) here: https://www.getrichslowly.org/starting-to-save-for-retirement-at-40/

Quotes to ponder:

"You missed the luxury train to retirement. It’s not pleasant to hear, but it’s true."

"The question is not risk or no risk, it is how much risk."

Episode references:

City of Detroit Bonds: https://www.muninetguide.com

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2909: It's Time For You To Get A Life - Insurance by J. Money of Budgets Are Sexy on Financial Security Oct 22, 2024

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 2909:

J. Money humorously emphasizes the importance of life insurance, which he rebrands as "Mo’ Money, Less Problems" (MMLP) insurance. He encourages readers to think about how it provides financial peace of mind for loved ones in the event of death, while sharing his personal experience with term life insurance. Even though discussing life insurance may seem dull, it's a necessary conversation to ensure the financial security of one's family.

Read along with the original article(s) here: http://www.budgetsaresexy.com/time-to-get-a-life-insurance-movement/

Quotes to ponder:

"When you die, your entire family is going to be crushed and the last thing on their mind will be money."

"The point of all this though, is to GIVE LIFE INSURANCE SOME THOUGHT today."

"Money can’t bring you back or kiss your family on the forehead every night, but it sure can improve their lives forever and ever."

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2908: 7 Things I Wish I Knew Before I Retired by Mike Ballew of Egg Stack on A Fulfilling Retirement Oct 21, 2024

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 2908:

Mike Ballew highlights essential lessons he learned post-retirement, including the unpredictability of expenses, the critical importance of family relationships, and the reality that retirement can lead to boredom if not well-planned. He also covers the challenges of healthcare costs, the unreliability of Social Security, and the need to balance saving for the future with enjoying life now. His reflections offer practical insights for a more fulfilling retirement.

Read along with the original article(s) here: https://eggstack.com/blog/2022-01-30-7-Things-I-Wish-I-Knew-Before-I-Retired/

Quotes to ponder:

"Putting family first pays better returns than any job or investment ever could."

"If you are not prepared for it, your life can quickly devolve into a meaningless existence."

"Retirement is the last chapter of your life. If ever there was a time to start thinking about where you are going, this is it."

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2907: 6 Credit Myths That Can Cost You Money by Kumiko of The Budget Mom on Financial Well-Being Oct 20, 2024

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 2907:

Regularly checking your credit report and understanding how credit works can save you from costly mistakes. In this article, Kumiko breaks down six common credit myths that could lead to poor financial decisions. From clarifying how credit inquiries work to explaining why keeping a balance on your credit card won’t help your score, this guide empowers you with the facts you need to protect your credit and improve your financial well-being.

Read along with the original article(s) here: https://www.thebudgetmom.com/6-credit-myths-that-can-cost-you-money/

Quotes to ponder:

"It’s essential to pay off your credit card balances each month, not just to save money on interest, but also to keep your balance-to-limit ratio low."

"Some believe this myth because they think that having a balance demonstrates responsible credit use. However, proving you are responsible with credit doesn’t mean you have to carry a balance."

"If you track your spending and manage credit cards the right way, there’s nothing inherently wrong or dangerous about those little pieces of plastic."

Episode references:

Federal Trade Commission - Identity Theft: https://www.consumer.ftc.gov/features/identity-theft

AnnualCreditReport.com: https://www.annualcreditreport.com

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2906: Why Volunteering is One of the Most Powerful Things You Can Do for Your Health by Naomi Imatome-Yun with Blue Zones Oct 20, 2024

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 2906:

Volunteering is one of the most transformative actions you can take to improve both personal well-being and community health. As Naomi Imatome-Yun explains, volunteering not only reduces stress and boosts self-confidence, but also builds a strong social network, combats loneliness, and enhances physical health. It’s a fulfilling way to reconnect with a sense of purpose and contribute to something greater than oneself.

Read along with the original article(s) here: https://www.bluezones.com/2019/07/why-volunteering-is-one-of-the-most-powerful-things-you-can-do-for-your-health/

Quotes to ponder:

Volunteering to help gave me all this energy I had stored up for a purpose."

"Helping someone else, making someone else’s day helps US feel better in turn."

"After it was over, I was exhausted with the biggest smile on my face."

Episode references:

Tuesdays with Morrie: https://www.amazon.com/Tuesdays-Morrie-Young-Greatest-Lesson/dp/076790592X

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2905: Turn off Autopilot & Set Financial Goals by Chelsea of Smart Money Mamas on Personal Finances Oct 19, 2024

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 2905:

Chelsea from SmartMoneyMamas.com encourages a proactive approach to financial health by setting realistic and personal financial goals. Through meaningful discussions with your partner and addressing key areas like emergency funds, debt, and long-term savings, you can create a strong foundation. By establishing staggered, achievable goals, you’ll feel motivated to take control of your finances, reduce stress, and celebrate progress along the way.

Read along with the original article(s) here: https://smartmoneymamas.com/step-0-turn-off-autopilot/

Quotes to ponder:

"Turn off autopilot and steer towards a real goal!"

"Undergoing this journey on your own will only be frustrating, and setting your family goals and trying to dictate them to your spouse isn’t going to give them the warm and fuzzies."

"Taylor Swift will be so much more enjoyable if you aren’t worried about the credit card bills for six months after the concert."

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2904: Stuck No More by Wanderer of Millennial Revolution on Financial Independence & Digital Nomads Oct 18, 2024

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 2904:

Wanderer of Millennial Revolution shares an inspiring story of a couple who followed FIRE (Financial Independence, Retire Early) principles and transformed their financial situation. By cutting ties with a high-fee financial advisor, embracing low-cost investments, and leveraging digital nomadism, they reached millionaire status in just five years - proving that intentional financial decisions can lead to incredible results.

Read along with the original article(s) here: https://www.millennial-revolution.com/build/case-study/stuck-no-more/

Quotes to ponder:

"Instead of 10 years, they’ve completely turned things around and did it in 5! And they’re millionaires to boot!"

"FIRE is the only strategy I’ve ever encountered that actually works, and we’re so grateful for the opportunity to share it with so many wonderful people like these readers."

Episode references:

Vanguard Total Stock Market ETF: https://investor.vanguard.com/etf/profile/VTI

Extraordinary Event (Chautauqua): https://www.fichautauqua.com/

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2903: Recognizing the Strategic Manipulation of Financial Abuse by Justin Haley Phillips with Tiny Buddha Oct 17, 2024

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 2903:

Justin Haley Phillips shares a personal story of how financial abuse subtly infiltrated her life, revealing the manipulative tactics abusers use to gain control. By recounting her own experience, she highlights how financial entanglements can often accompany emotional and psychological abuse, leaving victims trapped. Phillips encourages listeners to trust their instincts, stand firm, and recognize their worth, offering practical insights on navigating such challenging situations.

Read along with the original article(s) here: https://tinybuddha.com/blog/recognizing-the-strategic-manipulation-of-financial-abuse/

Quotes to ponder:

"I have endured, I have been broken, I have known hardship, I have lost myself. But here I stand, still moving forward, growing stronger each day."

"Abuse isn’t always a black eye, or even insults and degradation. Sometimes it’s all the right words with all the wrong intent."

"Don’t doubt yourself. A manipulative abuser will gaslight you, coming from every angle to make themselves appear right and make you seem wrong."

Episode references:

The Tinder Swindler: https://www.netflix.com/title/81254340

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2902: 9 Ways To Save Money For Travel (Or Any Big Purchase) by Sarah Von Bargen of Yes and Yes Oct 16, 2024

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 2902:

Sarah Von Bargen offers practical yet creative ways to save money for major purchases, from taking on a side hustle to cutting non-essential expenses and selling unused items. Her tips range from everyday budgeting strategies to more extreme measures like participating in medical studies or teaching ESL abroad, all while staying focused on your long-term goals.

Read along with the original article(s) here: https://www.yesandyes.org/2010/02/how-to-save-up-for-big-ticket-items.html

Quotes to ponder:

"Realize that every non-essential thing you buy is a step away from your dream."

"No amount of budgeting will help if you’re not in the right mindset."

"Make an active effort to remind yourself why you’re making these sacrifices."

Episode references:

Craigslist: https://www.craigslist.org

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2901: What It Feels Like To Be Rich by James Altucher on Scarcity & Isolation Oct 15, 2024

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 2901:

James Altucher reflects on his experiences with wealth, revealing that despite acquiring significant financial success, the emotional and psychological outcomes were complex. He recounts moments of fleeting safety and abundance but emphasizes how quickly these feelings faded into scarcity and isolation. Through personal anecdotes, Altucher illustrates that money alone does not equate to happiness or fulfillment, showing that true richness comes from an internal state of mind.

Read along with the original article(s) here: https://jamesaltucher.com/blog/what-it-feels-like-to-be-rich/

Quotes to ponder:

"I realized I never knew the value of money. I had never even been aware of money before."

"Money is a great thing but money finds a home only in places where it’s appreciated. I didn’t appreciate the money. So it left me."

"Feeling rich or abundant is a state of mind. It’s cultivated by how much fulfillment you get out of the way you spend your time, how much gratitude you express, the influence of the people you surround yourself with, and where you focus your attention."

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2900: Do You Have Spousal Buy In AND Who Holds the Key to Your Golden Handcuffs by Doc G of Earn and Invest Oct 14, 2024

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 2900:

Doc G explores the challenge of achieving spousal buy-in on the journey to financial independence. While one partner may dive headfirst into the FIRE movement, the other often needs time, persuasion, and exposure to the lifestyle's math and community before fully embracing the idea. The article emphasizes the importance of patience, mutual understanding, and realistic discussions to align financial goals.

Read along with the original article(s) here: https://www.earnandinvest.com/blog/9iir510msvrt4pup2rm89gq1be3298 & https://www.earnandinvest.com/blog/x0u2rydfvclvnruwdqv6aqouvzhu1i

Quotes to ponder:

"You really trust these cooks on the internet? They are lying to you and making it sound better than it really is. What the hell is a money mustache anyway?"

"The numbers are the numbers. Take the time to make sure your spouse understands them."

"Why would one ever attain spousal buy-in if it required living like a monk?"

Episode references:

Playing with FIRE Documentary: https://playingwithfire.co/

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2899: Know Thy Investing Self by Nick Maggiulli of Of Dollars and Data on Long-Term Investment Success Oct 13, 2024

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 2899:

Understanding your behavioral tendencies is essential for long-term investing success, according to Nick Maggiulli. His personal story of investing in gold highlights the importance of knowing how you'll react to volatile assets. While many focus on optimizing portfolios, the key to sustained returns lies in understanding your emotional responses and making decisions aligned with your true investing self.

Read along with the original article(s) here: https://ofdollarsanddata.com/know-thy-investing-self/

Quotes to ponder:

"The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer."

"Investing is primarily a behavioral exercise, not an analytical one."

"The full flavor of losing money cannot be conveyed by literature."

Episode references:

The Money Game by Adam Smith: https://www.amazon.com/dp/0394721039

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2898: Discipline Ripples by Steve Pavlina on New Habit Building & Self-Control Oct 13, 2024

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 2898:

Steve Pavlina reflects on how his daily blogging challenge has cultivated discipline across various areas of his life. By sticking to this habit, he has experienced a ripple effect that enhances his ability to avoid stimulants, wake up earlier, and maintain a consistent exercise routine. Pavlina emphasizes that while building discipline is tough, it ultimately leads to greater stability and fulfillment.

Read along with the original article(s) here: https://stevepavlina.com/blog/2020/05/discipline-ripples/

Quotes to ponder:

"It’s hard to stretch ourselves to tackle discipline-building challenges, but note that it does get easier as your mind grows stronger."

"Raising your standards is hard. Keeping them raised is much easier."

"When you train up your discipline and then apply it to your life, you don’t suffer every day because the rewards of discipline are greater than the temporary pleasures of an undisciplined life."

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2897: Some Lifestyle Creep is Inevitable. It May Even Be Desirable by U-Ming Lee on Intentional Spending Oct 12, 2024

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 2897:

U-Ming Lee challenges the conventional wisdom of avoiding lifestyle creep, arguing that some level of it is both natural and beneficial. He emphasizes that living too austerely can be detrimental to mental well-being and suggests a balanced approach of mindful consumption, where purchases are made thoughtfully based on personal value rather than societal pressures or extreme frugality.

Read along with the original article(s) here: https://themakingofamillionaire.com/some-lifestyle-creep-is-inevitable-it-may-even-be-desirable-dd3ff08d66c4

Quotes to ponder:

"Forced austerity has a corrosive impact on your mental well-being."

"Mindful consumption strikes a happy balance between rigidly self-enforced austerity and excessive consumption."

"Rising living conditions signal that we are improving our lot in life."

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2896: [Part 2] 9 Ways to Free Yourself from the Trap of Consumerism by Karen Trefzger of Maximum Gratitude Minimal Stuff Oct 11, 2024

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 2896:

Karen Trefzger continues her exploration of how to break free from consumerism by offering practical strategies such as reducing media consumption, decluttering, and extending the lifespan of your belongings. She emphasizes intentional living through mindful purchasing and generosity, encouraging readers to find fulfillment beyond material possessions.

Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2023/02/9-ways-to-free-yourself-from-trap-of.html

Quotes to ponder:

"Make it harder to shop. Unsubscribe from email lists and sales notifications, remove your credit card details from websites, and stop browsing in tempting stores."

"Instead of treating yourself to fast food, fast fashion, made-in-China home décor, or yet another tech gadget, spend your money on an experience."

"The amount of clutter you have betrays your consumption habits."

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2895: [Part 1] 9 Ways to Free Yourself from the Trap of Consumerism by Karen Trefzger of Maximum Gratitude Minimal Stuff Oct 10, 2024

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 2895:

Karen Trefzger challenges us to break free from the relentless cycle of consumerism that leaves us perpetually unsatisfied. By recognizing the signs of overconsumption and adopting mindful strategies, we can regain control over our lives and focus on what truly matters.

Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2023/02/9-ways-to-free-yourself-from-trap-of.html

Quotes to ponder:

"Life requires consumption. But consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts."

"We have to consume in order to survive, but we don't have to consume an ever-increasing amount, even if everyone expects us to."

"By slowing down, you give yourself the chance to be intentional rather than emotional about your purchases."

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2894: How Do I Budget if My Partner is a Spender? by Amanda Amezcua with Women Who Money Oct 09, 2024

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 2894:

Amanda Amezcua explores the challenges couples face when trying to manage finances together, especially when one partner is a spender. She provides practical strategies to align financial goals, create collaborative budgets, and maintain open communication, helping partners work together toward financial harmony without sacrificing their relationship.

Read along with the original article(s) here: https://womenwhomoney.com/budget-when-partner-spending/

Quotes to ponder:

"It’s easier and more productive to change how you budget rather than try to change each other’s nature."

"Have patience with your partner. Resist being critical. Forgive slip-ups."

"Working to identify values then validating them by creating shared goals will help your partner to feel accepted."

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2893: Why Saving Money In Your 20s Is A Good Idea by Michelle Schroeder-Gardner on Building Wealth Oct 08, 2024

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 2893:

Saving money in your 20s sets the foundation for long-term financial security, allowing you to take advantage of compound interest and develop responsible financial habits. Michelle Schroeder-Gardner argues that starting early doesn't mean sacrificing a vibrant life; instead, it equips you to navigate future challenges and opportunities with greater ease and confidence.

Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/10/why-saving-money-in-your-20s-is-a-good-idea.html

Quotes to ponder:

"Saving money in your 20s means you’re doing something RIGHT."

"Compound interest is one BIG reason for why you should start saving money as early as you can."

"There is no reason to spend all of your money just because you want to."

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2892: 10 Reasons to Get Off Your Butt and Start a Roth IRA by Philip Taylor of PT Money on Investing Advice Oct 07, 2024

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 2892:

Philip Taylor outlines the numerous benefits of starting a Roth IRA, emphasizing its tax advantages, flexibility, and ease of setup. Whether you're young or nearing retirement, a Roth IRA offers an excellent way to diversify your tax strategy, grow your retirement savings, and even provide funds for major life events like buying a first home. Taylor encourages taking action now to secure a financially stable future.

Read along with the original article(s) here: https://ptmoney.com/start-roth-ira-10-good-reasons/

Quotes to ponder:

"You’ll be more prepared for retirement. The Roth IRA was created to provide incentive for you to save for your own retirement. Use it."

"With a Roth IRA, you can withdraw all of your funds tax-free and without penalty at age 59 and a half."

"Invest in a Roth IRA while you still can."

Episode references:

Roth IRA Rules: https://www.irs.gov/retirement-plans/roth-iras

How I Opened My First Roth IRA: https://ptmoney.com/opening-a-roth-ira/

The Taxpayer Relief Act of 1997: https://www.congress.gov/bill/105th-congress/house-bill/2014

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2891: Should You Sacrifice Financial Stability to Pursue Your Dream? by Ann Davis with Tiny Buddha Oct 06, 2024

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 2891:

Ann Davis shares her personal journey of choosing between financial stability and pursuing her dream. Through her experiences of financial hardship and the lessons she learned, Davis emphasizes the importance of balancing dreams with financial responsibility. She encourages readers to trust their instincts, lean on friendships, and take steady action while maintaining financial security.

Read along with the original article(s) here: https://tinybuddha.com/blog/should-you-sacrifice-financial-stability-to-pursue-your-dream/

Quotes to ponder:

"If your gut is telling you that quitting feels risky, be creative and find a way to pursue your dream while still maintaining your financial stability."

"It was work that fulfilled my soul but not my wallet."

"Trust me; you can pursue your dream slowly and still take care of yourself financially."

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2890: Finding Belonging by Shana Olmstead on Community Relationships Oct 06, 2024

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 2890:

Shana Olmstead shares her journey of navigating feelings of loneliness and finding a sense of belonging by pushing herself to connect with others despite initial discomfort. Through her experiences, she highlights the importance of community, spiritual connection, and trusting one's intuition to find where they truly belong.

Read along with the original article(s) here: https://shanaolmstead.com/2020/03/02/finding-belonging/

Quotes to ponder:

"It’s hard and scary to not feel a sense of belonging. We are created to belong and have a feeling of connection and community."

"Even though I felt old and out of place at college, I pushed myself to reach out and invite people to get together and ended up with lifelong family."

"We also sometimes outgrow the sense of belonging we have always had as we grow and evolve."

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2889: How to Find Contentment When You’re Deep in Debt by Jen Hayes on Financial & Mental Freedom Oct 05, 2024

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 2889:

Jen Hayes explores the emotional toll of debt and offers practical strategies to maintain contentment despite financial burdens. By reshaping your thoughts, focusing on progress, and finding supportive communities, you can cultivate a positive mindset that fosters resilience and peace of mind, even in challenging financial times.

Read along with the original article(s) here: https://www.jenhayes.me/how-to-find-contentment-when-youre-deep-in-debt/

Quotes to ponder:

“It is your thoughts about your circumstances that drive your emotions.”

“Remember that you’re comparing your behind-the-scenes life to someone else’s highlight reel.”

“Paying off debt is tough, but so are you.”

Episode references:

Natalie Bacon Blog: https://nataliebacon.com

Dave Ramsey: https://www.daveramsey.com

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2888: How to Stop Being Broke With a High Salary by Lisa Harrison of Mad Money Monster on Intentional Living Oct 04, 2024

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 2888:

Lisa Harrison challenges the common habit of living paycheck to paycheck, even with a high salary, by advocating for a lifestyle that prioritizes living below one's means. She offers practical tips on budgeting, tracking net worth, and cutting unnecessary expenses, empowering individuals to break free from financial stress and build real wealth.

Read along with the original article(s) here: https://madmoneymonster.com/2017/05/01/how-to-stop-being-broke-with-high-salary/

Quotes to ponder:

"High salary or not, look around you and you’ll likely see your friends buying bigger houses, new cars, etc. In order to keep up with this kind of lifestyle, even for high-salaried couples, you’re probably going to be broke."

"The quickest fix to stop being broke with a high salary is to Live Below Your Means. It’s the oldest wealth-building secret in the book, and yet it escapes most of us."

"Be an individual. Go against the grain. And wonderful things will happen."

Episode references:

Stop Acting Rich: https://www.amazon.com/Stop-Acting-Rich-Start-Living/dp/0470482559

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2887: The Day I Failed as a Financial Advisor by Jeff Rose of Good Financial Cents on Investing Advice Oct 03, 2024

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 2887:

Jeff Rose candidly shares his experience of failing as a financial advisor during the 2008 market crash, highlighting the emotional toll of watching a client make a detrimental decision. His story underscores the importance of financial literacy and the dangers of relying solely on an advisor without understanding the market risks and long-term investment strategies.

Read along with the original article(s) here: https://www.goodfinancialcents.com/one-of-the-times-i-failed-as-a-financial-advisor/

Quotes to ponder:

"There have been many times I have failed as a financial advisor, but there is one instance that still haunts me to this day."

"It finally hit the bottom on March 9th, 2009, but obviously, no one knew that."

"At the end of the day, it’s your money and you’re in charge and I’ll do what you want me to do."

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2886: Make a Wish List of Financial Goals by JD Roth of Get Rich Slowly on Personal Finance Planning Oct 02, 2024

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 2886:

JD Roth from GetRichSlowly.org emphasizes the importance of aligning financial decisions with long-term personal goals. He guides readers through a structured approach to goal-setting, starting with imagining an ideal future and breaking it down into actionable steps. This method ensures that every financial decision, no matter how small, contributes to achieving larger life dreams.

Read along with the original article(s) here: https://www.getrichslowly.org/make-a-wish-list-of-financial-goals/

Quotes to ponder:

"If one moves confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.”

"The best way to make sense of short-term personal finance decisions is to have a clear long-term objective."

Episode references:

Design Your Life by Bill Burnett and Dave Evans: https://www.amazon.com/Designing-Your-Life-Well-Lived-Joyful/dp/1101875321

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2885: How to Create an Owner Mindset by Paula Pant of Afford Anything on Financial Advice Oct 01, 2024

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 2885:

Paula Pant challenges the traditional freelancer's mindset, emphasizing that true freedom comes from owning assets rather than merely being self-employed. Drawing inspiration from Robert Kiyosaki's Cashflow Quadrant, Pant encourages a shift from trading time for money to creating self-sustaining wealth through smart investments, ultimately achieving a life where work becomes optional.

Read along with the original article(s) here: https://affordanything.com/owner-mindset/

Quotes to ponder:

"Freedom isn’t ‘being your own boss’ - it’s the ability to fire any boss, including yourself."

"Wealth is measured in time, not dollars."

"Self-employment is great, but not needing employment (self or otherwise) is the true goal."

Episode references:

The Millionaire Next Door by Thomas J. Stanley and William D. Danko: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474

Cashflow Quadrant by Robert Kiyosaki: https://www.amazon.com/Cashflow-Quadrant-Robert-T-Kiyosaki/dp/1612680054

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2884: This Is Why I Own a Home by Mr. 1500 with Budgets Are Sexy on Financial Advice Sep 30, 2024

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 2884:

Owning a home can be a powerful financial strategy when approached thoughtfully, as Mr. 1500 shares. By purchasing homes in need of repair and in neighborhoods on the rise, he has turned his investments into profitable ventures. Beyond financial benefits, homeownership provides stability, opportunities to learn new skills, and the satisfaction of creating a personalized space.

Read along with the original article(s) here: https://www.budgetsaresexy.com/this-is-why-i-own-a-home/

Quotes to ponder:

"Owning a home gives me a sense of stability that renting never could."

"The financial benefits of homeownership extend far beyond just building equity."

"It’s the one place in the world where you get to call the shots and really make it your own."

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2883: The Near-Zero Benefit from Timing the Market by Jesse Cramer of Best Interest on Money Habits Sep 29, 2024

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 2883:

Jesse Cramer reveals why attempting to time the market rarely pays off, using the stories of three investors to show that even perfect market timing only marginally improves portfolio outcomes. The stress and uncertainty of waiting for the "right moment" often outweigh the minimal financial benefits, making a steady investment approach more appealing.

Read along with the original article(s) here: https://bestinterest.blog/the-near-zero-benefit-from-timing-the-market/

Quotes to ponder:

"Zero skill, zero luck, zero stress. He just kept on buying. And he’s in a great place."

"This is a scenario where the juice simply isn’t worth the squeeze."

"While your money is out of the market, sitting on the sidelines, what will you be thinking? Are you going to be relaxed, with ice in your veins?"

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2882: The Better Booty Toolkit by Rachel Trotta on Physical Fitness & Wellness Sep 29, 2024

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 2882:

Rachel Trotta shares practical strategies for building stronger, more confident legs by focusing on muscle-toning exercises, increasing daily activity, and smart nutrition choices. She emphasizes the importance of sustainable habits over quick fixes, guiding women toward long-term improvement and body positivity.

Read along with the original article(s) here: https://racheltrotta.com/fitness/better-booty-toolkit/

Quotes to ponder:

"Most women, even very fit women, have cellulite, and losing scale weight isn’t always the solution."

"Strength training is how you’re going to achieve the definition you want to see."

"Focus on one day at a time, and build sustainable practices for long-term results."

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2881: 3 Times You Should Avoid Using Your Debit Card by Vekevia Tillman-Jones with Financial Finesse Sep 28, 2024

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 2881:

Vekevia Tillman-Jones outlines three situations where using a debit card can backfire, leading to financial headaches like overdraft fees and increased vulnerability to fraud. She offers practical alternatives to help you manage these risks while still sticking to a cash-based approach.

Read along with the original article(s) here: https://www.financialfinesse.com/2018/02/20/3-times-you-should-avoid-using-your-debit-card/

Quotes to ponder:

"Trying to spend those held dollars before the hotel releases it could lead to an overdraft in your account, even though the hold eventually goes away."

"Sometimes it seems like the internet is just one big hackathon with thieves stealing your info no matter how hard you work to protect it."

"Credit card companies are also much quicker with crediting your account back to make you whole from unauthorized transactions."

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2880: Bumpy Road in Retirement? Learn How a Reverse Mortgage Can Be Your Spare Tire by Steve Chen of New Retirement Sep 27, 2024

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 2880:

Steve Chen explores how reverse mortgages can serve as a financial "spare tire" for retirees facing unexpected challenges. By tapping into home equity, retirees can maintain their lifestyle during downturns or emergencies, though it’s crucial to understand the complexities and potential risks before making this significant decision.

Read along with the original article(s) here: https://www.newretirement.com/retirement/reverse-mortgage-as-back-up-plan/

Quotes to ponder:

"A reverse mortgage allows homeowners aged 62 and older to convert a portion of their home equity into funds that they may use at their own discretion."

"For many retirees, their home is a valuable source of net worth."

"The HECM line of credit has a growth feature, which means that the unused loan balance grows over time."

Episode references:

National Reverse Mortgage Lenders Association: https://www.nrmlaonline.org/

The Reality of the Retirement Crisis: https://www.americanprogress.org/article/the-reality-of-the-retirement-crisis/

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2879: [Part 2] How to Rebuild your Credit (Using Credit Cards WISELY) by Ramit Sethi on Money Advice Sep 26, 2024

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 2879:

Ramit Sethi shares actionable strategies to rebuild your credit, emphasizing the importance of negotiating a lower APR, maintaining long-term credit card accounts, and responsibly increasing your credit limit. He also provides guidance on selecting the right credit card, especially for those starting with bad credit or no credit history, to help you progress towards better financial health.

Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/blog/credit-cards-to-rebuild-credit/

Quotes to ponder:

"To avoid having your account shut down, set up an automatic payment on any card that is not your primary card."

"Lower is preferred because lenders don’t want you regularly spending all the money you have available through credit."

"Fees are only going to slow you down at this stage."

Episode references:

I Will Teach You to Be Rich by Ramit Sethi: https://www.amazon.com/Will-Teach-You-Rich-Second/dp/1523505745

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2878: [Part 1] How to Rebuild your Credit (Using Credit Cards WISELY) by Ramit Sethi on Financial Planning Sep 25, 2024

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 2878:

Ramit Sethi breaks down the key strategies to rebuild your credit by leveraging credit cards responsibly. He emphasizes avoiding impulsive decisions like accepting unsolicited credit card offers, choosing the right card for your needs, and the critical importance of paying your bills on time. With practical advice, Sethi highlights how to maximize rewards and minimize fees to improve your credit score and overall financial health.

Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/blog/credit-cards-to-rebuild-credit/

Quotes to ponder:

"Taking a credit card offer you get in the mail is like marrying the first person who touches your arm."

"If you can avoid the unreasonable fees and tricks, credit cards offer exceptional benefits."

"The single most important thing you can do to improve your credit is to pay your bills on time."

Episode references:

Bankrate: https://www.bankrate.com

Fair Isaac Corporation: https://www.fico.com

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2877: 6 Financial Planning Tips for Single Parents by Riya with The Budget Mom on Money Habits Sep 24, 2024

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 2877:

Navigating financial planning as a single parent can be daunting, but Riya from TheBudgetMom.com offers essential strategies to ensure financial stability for yourself and your children. From securing life insurance to preparing for retirement, these tips empower single parents to budget wisely, protect their families, and plan for a secure future.

Read along with the original article(s) here: https://www.thebudgetmom.com/6-financial-planning-tips-for-single-parents/

Quotes to ponder:

"Prioritizing retirement over college is critical if you do not have money available to allocate to both."

"By planning for these everyday expenses, you can avoid having to consider them as stressful, unexpected expenses."

"A rainy-day fund provides you with the financial plan you need."

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2876: Life Without the Constraints of Time and Money by Craig Stephens of RetireBeforeDad on Financial Independence Sep 23, 2024

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 2876:

Craig Stephens reflects on the freedom of life without the constraints of time and money, drawing from his own experiences of traveling the world in his 20s and navigating adulthood responsibilities. He contrasts the carefree nature of childhood and the deliberate sacrifices made as an adult to achieve future freedom, inspiring a thoughtful approach to balancing life's pleasures and responsibilities.

Read along with the original article(s) here: https://www.retirebeforedad.com/life-without-constraints-time-money/

Quotes to ponder:

"With a few thousand dollars in the bank, I was free to travel without the constraints of time and money."

"I had all the time and money I needed to do exactly what I wanted to do every single day."

"We choose this lifestyle knowing its costs and constraints."

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2875: Should You Max Out Your 401(k) Earlier in the Year? by Nick Maggiulli of Of Dollars and Data on Retirement Investing Sep 22, 2024

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 2875:

Nick Maggiulli explores whether maxing out your 401(k) contributions earlier in the year provides a significant financial advantage. While maxing early can offer a slight benefit due to market growth, the impact is modest unless done consistently over many years. The feasibility of this strategy depends on income level, and the importance of checking for employer matching provisions cannot be overstated.

Read along with the original article(s) here: https://ofdollarsanddata.com/max-out-401k-early/

Quotes to ponder:

"Maxing out your 401(k) earlier in the year can make a bigger difference if you do it for multiple years in a row."

"If you are someone who needs every extra dollar you can get, then maxing early should help."

"The benefit of doing so isn’t worth the mental cost."

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2874: Life Balance Disruptors and Protectors: How to Find Better Life Balance and Improve Wellbeing by Rachael Kable Sep 22, 2024

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 2874:

Rachael Kable challenges the traditional concept of life balance, suggesting instead the importance of feeling balanced. She shares practical tips on recognizing personal life balance disruptors, like stress and social media, and emphasizes the role of balance protectors such as sleep and self-care. By identifying these elements and adjusting our actions, we can cultivate a more satisfying and well-rounded life.

Read along with the original article(s) here: https://www.rachaelkable.com/blog/life-balance-disruptors-and-protectors

Quotes to ponder:

"I don’t actually believe in life balance. However, I do believe in feeling balanced."

"Awareness of your balance disruptors is great, however, you can also consciously choose to minimize the impact of them."

"It’s important for me to engage in good self-care as much as I can to maintain a sense of balance!"

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2873: Simple Answers to 7 Common Debt Questions by Chelsea of Smart Money Mamas on Saving Money Sep 21, 2024

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 2873:

Chelsea from SmartMoneyMamas.com dispels common myths and provides clear answers to seven frequently asked questions about managing debt. She emphasizes the importance of understanding credit scores, balancing debt repayment with investments, and using credit cards responsibly. This practical guide helps you navigate financial decisions with confidence and clarity.

Read along with the original article(s) here: https://smartmoneymamas.com/simple-answers-to-7-common-debt-questions/

Quotes to ponder:

"A high credit score does not necessarily mean that you are financially secure, nor does a low credit score mean that you are in financial trouble."

"You never want to pay high interest rates to keep the option for low-interest rate debt. Plus, you don’t actually need to!"

"My rule of thumb is to first secure a decent emergency fund, then pay down high-interest (+9%) or variable rate debt, and then make sure you are putting away at least 10% for retirement."

Episode references:

Soldier’s Angels: https://soldiersangels.org

VantageScore Solutions: https://vantagescore.com

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2872: I Lost My First Home to Foreclosure, Then Bought my Next Home in Cash! by Tiffany Aliche of The Budgetnista Sep 20, 2024

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 2872:

Tiffany Aliche shares her inspiring journey from losing her first home to foreclosure to buying her next home in cash. Through disciplined savings, a joint budget, and a strong partnership with her husband, Tiffany demonstrates the power of preparation and strategic financial planning to achieve seemingly impossible goals.

Read along with the original article(s) here: https://thebudgetnista.com/lost-first-home-foreclosure-bought-next-home-cash/

Quotes to ponder:

“Prepare for future dreams before you even know what they are.”

“A budget is not constricting; it gives you the freedom to strategically plan for your goals.”

“Luck isn’t just about random chance it’s about being ready to act when the right moment comes.”

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2871: How To Feel Richer + Fancier Without Spending Any More Money by Sarah Von Bargen of Yes and Yes Sep 19, 2024

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 2871:

Sarah Von Bargen offers a refreshing approach to feeling richer and more luxurious without spending extra money by fully utilizing what you already own. From uncovering hidden benefits of subscriptions to mastering the features of your gadgets and maximizing your living space, she shares practical tips that help you appreciate and make the most out of what you have, leading to a greater sense of abundance and satisfaction.

Read along with the original article(s) here: https://www.yesandyes.org/2018/07/how-to-feel-richer.html

Quotes to ponder:

"Buying stuff isn’t always about The Stuff itself. It’s often about boredom, novelty, or wanting to ‘treat’ ourselves."

"You’re paying for this stuff already. Why not get your money’s worth?"

"Every time we take a damn second before we make an impulse purchase, we’re making it more likely that we’ll take a damn second next time, too."

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2870: How Can I Avoid Paying PMI (Private Mortgage Insurance)? by Laurie Sepulveda of Women Who Money Sep 18, 2024

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 2870:

When saving for a home, it's often challenging to reach that 20% down payment needed to avoid PMI (Private Mortgage Insurance). Laurie Sepulveda explores alternatives like "single premium PMI" or using a second mortgage, while also weighing the risks and benefits of these options. Whether it's finding a fixer-upper or rethinking your budget, she emphasizes the importance of personalizing your financial decisions to fit your situation.

Read along with the original article(s) here: https://womenwhomoney.com/avoid-paying-pmi/

Quotes to ponder:

“Just be honest with yourself about what you can genuinely afford before you sign on for a mortgage that will be with you for many years to come.”

“PMI is insurance the homeowner pays in exchange for a smaller down payment. This insurance protects the lender - in case you stop making mortgage payments.”

“Buying a house with less than 20% down means you’ll have a higher mortgage payment and you'll pay more in total interest.”

Episode references:

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2869: 6 Ways to Apply Decluttering Principles to Your Finances by Emily Guy Birken with Becoming Minimalist Sep 17, 2024

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 2869:

Emily Guy Birken outlines six strategies to declutter your finances using principles from minimalism. By focusing on what truly matters, eliminating unnecessary expenses, and regularly checking your finances, you can achieve a more stress-free and controlled financial life. These simple yet effective approaches align with both minimalist living and sound money management.

Read along with the original article(s) here: https://www.becomingminimalist.com/6-ways-to-apply-decluttering-principles-to-your-finances/

Quotes to ponder:

"Choosing to spend on the things you value makes it easier to let go of the things you don’t."

"Trying to track your spending when you spend more than you can afford is just another way of organizing clutter."

"Give every dollar you earn a home by planning where your money will go with every paycheck."

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2868: Side Hustles Aren’t A Necessity - But They Can Change Your Life by Kevin of Financial Panther on Extra Income Sep 16, 2024

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 2868:

Kevin from FinancialPanther.com explores the value of side hustles, acknowledging the valid criticisms but emphasizing the potential life-changing benefits of consistent effort, even in small amounts. He suggests that while side hustles aren't essential for financial success, they offer an accessible way to accelerate wealth-building and personal growth over time.

Read along with the original article(s) here: https://financialpanther.com/side-hustles-arent-a-necessity-but-they-can-change-your-life/

Quotes to ponder:

"You don’t have to side hustle to meet your financial goals. If it’s not for you, it’s not for you. But they can change your life eventually."

"An hour a day can really change your life. Even earning small amounts of extra money per day and investing it all can change your future."

"Small amounts, day by day, all add up. It’s not fast. It’s not glamorous. But it works."

Episode references:

Real Vision: https://www.realvision.com

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2867: The Rabbit Hole of Stuff: Why We Can’t Buy Our Way to Happiness by Leah McLellan with Tiny Buddha Sep 15, 2024

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 2867:

Leah McLellan's reflection on her journey through materialism reveals the illusion of happiness that comes with accumulating "stuff." She shares how the pursuit of material possessions distracted her from her true goals, leading her down a path of dissatisfaction. Ultimately, McLellan underscores the importance of focusing on personal growth and meaningful goals rather than being consumed by the temporary allure of material things.

Read along with the original article(s) here: https://tinybuddha.com/blog/stuff-we-dont-need-and-5-reasons-why-it-doesnt-lead-to-happiness/

Quotes to ponder:

“Happiness can only be found if you free yourself from all other distractions.”

“The stuff you can buy is a distraction that won’t help you reach your goals.”

“Stuff creates a false sense of self.”

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2866: Making Friends in Retirement (And Before) by Kathleen Coxwell of New Retirement on Money & Relationships Sep 15, 2024

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 2866:

Making friends as you age can be challenging, especially in retirement when the social structures of work and family life are no longer as prominent. Kathleen Coxwell highlights the importance of forging new connections, emphasizing that a lack of social interaction can lead to loneliness, which has significant health risks. She offers practical tips for making friends in retirement, such as pursuing hobbies, volunteering, and using friendship apps, all while reminding us that investing time and being a good friend are key to building meaningful relationships.

Read along with the original article(s) here: https://www.newretirement.com/retirement/making-friends-after-retirement/

Quotes to ponder:

"Researchers have found mounting evidence linking loneliness to physical illness and to functional and cognitive decline."

"Friendships feel organic and magical, but when you boil it down, they actually take investments of time."

Episode references:

Bumble BFF: https://bumble.com/bff

Nextdoor: https://nextdoor.com

Meetup: https://www.meetup.com

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2865: [Part 2] Traditional Retirement Is Dying. This Is How I’m Preparing for a Future Without It. by U-Ming Lee Sep 14, 2024

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 2865:

U-Ming Lee highlights the pitfalls of chasing short-term trends and emphasizes the value of building deep expertise in a specific niche for long-term success. He also underscores the importance of developing social skills and community ties to navigate the changing landscape of retirement and life’s challenges.

Read along with the original article(s) here: https://themakingofamillionaire.com/traditional-retirement-is-dying-this-is-how-im-preparing-for-a-future-without-it-45829394ed3d

Quotes to ponder:

"Flitting from one trend to the next in search of the dopamine rush of a viral article is a lot of fun at first. But it is no basis for a long-term writing career."

"Deep expertise, built on a foundation of meticulous thought and substantial real-world experience, is much rarer and thus more prized."

"Developing social skills will be crucial as we navigate this new 'no retirement' age."

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2864: [Part 1] Traditional Retirement Is Dying. This Is How I’m Preparing for a Future Without It. by U-Ming Lee Sep 13, 2024

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 2864:

U-Ming Lee challenges the outdated concept of traditional retirement, emphasizing the importance of planning for a future where stopping work at a predetermined age is unrealistic. He advocates for simple life insurance plans and building a career on substantive work rather than following trends, preparing for a dynamic and unpredictable financial future.

Read along with the original article(s) here: https://themakingofamillionaire.com/traditional-retirement-is-dying-this-is-how-im-preparing-for-a-future-without-it-45829394ed3d

Quotes to ponder:

"Play stupid games, win stupid prizes."

"Stick to a simple life insurance plan that you can understand and resist the urge to add too many features."

"Purchasing life insurance is a no-brainer, think of life insurance premiums as putting money aside for a rainy day - something you want to set and forget."

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2863: 8 Tips to Cope with the Rising Cost of Living by Lisa Harrison of Mad Money Monster on Budgeting Sep 12, 2024

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 2863:

Lisa Harrison of MadMoneyMonster.com shares practical strategies to help individuals navigate the rising cost of living. From creating a budget to finding additional sources of income, her advice empowers readers to manage their finances more effectively and reduce their expenses during these challenging times.

Read along with the original article(s) here: https://madmoneymonster.com/2022/07/18/8-tips-to-cope-with-the-rising-cost-of-living/

Quotes to ponder:

"It's important to remember that we’re all in this together."

"The cost of living in the US has risen by 14% over the past three years, and around 71% of Americans claim their paycheck is not enough to match the current levels of inflation."

"We can’t control how much things cost, but we can control how we respond to it."

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2862: How to Achieve Long-Term Financial Goals by Honey Smith of Get Rich Slowly on Money Advice Sep 11, 2024

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 2862:

Honey Smith emphasizes the importance of prioritizing and planning for long-term financial goals, stressing the need for setting achievable mini-goals and maintaining motivation through personal finance buddies. By breaking down complex objectives and fostering accountability, individuals can stay on track and make meaningful progress toward financial stability.

Read along with the original article(s) here: https://www.getrichslowly.org/how-to-achieve-long-term-financial-goals/

Quotes to ponder:

"Knowing what is most important to you can help clarify and tailor your short-term decisions to meet that goal."

"Instead of giving up, however, I set my goals a different way."

"It isn’t very motivating to be told that the other person is awesome and you suck!"

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2861: Magic Beans by JL Collins on True Financial Success & Index Fund Investing Sep 10, 2024

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 2861:

JL Collins explores the allure of investing fads in "Magic Beans," highlighting the recurring trends of Growth Stocks, Actively Managed Funds, and Dividend Aristocrats. He argues that true financial success lies not in chasing these trends but in the reliable, long-term strategy of broad-based index funds.

Read along with the original article(s) here: http://jlcollinsnh.com/2012/01/02/magic-beans/

Quotes to ponder:

"For supposedly rational creatures we humans seem irrationally drawn to Magic Beans."

"You know what Warren Buffet recommends for individual investors? Broad-based Index Funds."

Episode references:

The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661

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2860: I’ll Figure Out What I Want To Be When I Grow Up by Mr. 1500 of 1500 Days on Career Happiness Sep 09, 2024

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 2860:

Mr. 1500 from 1500Days.com shares his unconventional journey from aspiring pilot to computer programmer and blogger, emphasizing the unpredictable nature of career happiness. He highlights the importance of exploring different paths and the joy of discovering unexpected passions along the way.

Read along with the original article(s) here: https://www.1500days.com/ill-figure-out-what-i-want-to-be-when-i-grow-up/

Quotes to ponder:

"You’re never really sure what will make you happy."

"I think life is much more fun when the future is uncertain."

"An uncharted path is much more interesting. I’ll go where opportunities and passions take me."

Episode references:

So Good They Can’t Ignore You: https://www.amazon.com/So-Good-They-Cant-Ignore-You/dp/1455509124

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2859: Frugality Is Not Mainstream by Liz of Frugalwoods on Societal Pressure & Consumerism Sep 08, 2024

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 2859:

Liz of Frugalwoods.com shares how embracing an unconventional frugal lifestyle has enabled her and her husband to pursue financial independence and early retirement. By rejecting societal pressures and consumerism, they find happiness and freedom in living below their means, ultimately achieving their goals on their terms.

Read along with the original article(s) here: https://www.frugalwoods.com/2014/06/11/frugality-is-not-mainstream/

Quotes to ponder:

"We accept, and announce, that we are officially unusual. Frugal weirdos. Contrary to the mainstream."

"The minute we stepped off the ridiculous carousel of consumerism we felt free."

"Living a super frugal lifestyle is what makes us happy and is our most genuine iteration of existence."

Episode references:

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transform-Relationship/dp/0143115766

Mr. Money Mustache Blog: https://www.mrmoneymustache.com/

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2858: Weight Loss Fact and Myths AND Get the Whole Family Eating Healthy by Chalene Johnson on Healthy Living Sep 08, 2024

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 2858:

Chalene Johnson debunks common weight loss myths, explaining why muscle doesn't weigh more than fat, the truth about calorie burning during and after workouts, the misconception about bulking up from weight lifting, and the impossibility of spot reducing fat. Her insights offer clarity and practical advice for anyone on a fitness journey.

Read along with the original article(s) here: https://www.chalenejohnson.com/weight-loss-fact-and-myths/ & https://www.chalenejohnson.com/get-the-whole-family-eating-healthy/

Quotes to ponder:

"How can a pound of muscle weigh more than a pound of fat, if they both weigh one pound? What this myth is really trying to get across is that muscle is more dense than fat, so it takes up less space in your body."

"Workouts that burn more after are usually heavy strength training or cross-training. If you’re doing things like HIIT or heavy strength training, you will continue to burn more calories for upwards of 24 hours after."

"Lifting weights, especially heavy weights, will transform your body and will help to keep your body fat lower."

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2857: Why Does Anyone Invest In Expensive Funds? by Kevin Ha of Financial Panther on Index Fund Investing Sep 07, 2024

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 2857:

Kevin Ha of FinancialPanther.com explores why people still invest in expensive mutual funds despite the availability of cheaper alternatives. He reveals that a lack of financial literacy and over-reliance on brand names or financial advisors often lead to poor investment choices. Kevin offers practical solutions, recommending low-cost funds and roboadvisors for better financial outcomes.

Read along with the original article(s) here: https://financialpanther.com/why-does-anyone-invest-in-expensive-funds/

Quotes to ponder:

"Why pay ten times more to invest your money in what amounts to basically the same thing?"

"My brother’s situation showed me exactly why people still invest in these types of funds."

"If you want to make it really easy on yourself, go with something I listed in the alternatives."

Episode references:

M1 Finance: https://www.m1finance.com

The Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/mutual-funds/profile/VTSAX

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2856: Best Retirement Advice from Retirees: 8 Tips from an 80 Year Old Who Has More Savings Now than When He First Retired by Bud Hebeler Sep 06, 2024

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 2856:

Bud Hebeler shares eight invaluable retirement tips gleaned from his own 27 years of retirement, emphasizing the power of compounding, professional advice, careful allocation, and living below one’s means. His insights, shaped by experiences from the Great Depression to modern times, provide a blueprint for achieving financial security and stress-free living in retirement.

Read along with the original article(s) here: https://www.newretirement.com/retirement/retirement-advice-8-tips-for-financial-success/

Quotes to ponder:

"Einstein was right: One of the great miracles is the power of compounding from saving."

"Living below our means - something that seems to have escaped many today."

"I strongly urge people to do serious retirement financial planning with conservative inputs."

Episode references:

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2855: Umbrella Insurance Policy by Jeff Rose of Good Financial Cents on Personal Financial Planning Sep 05, 2024

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 2855:

Jeff Rose's article on GoodFinancialCents.com reveals how an umbrella insurance policy, often misconceived as a luxury for the wealthy, offers essential financial protection by covering gaps left by standard policies. He explains its affordable premiums and extensive coverage, urging readers to consider this policy to safeguard their assets against unforeseen liabilities.

Read along with the original article(s) here: https://www.goodfinancialcents.com/personal-umbrella-insurance-policies-protection/

Quotes to ponder:

"Umbrella insurance policies cover the gaps left by your existing insurance coverage."

"The modest annual premium for a substantial coverage amount is a small price for peace of mind and financial security."

"In navigating the unpredictable avenues of life, especially in a litigious society, having a cushion against unforeseen liabilities is wise."

Episode references:

Investopedia on Umbrella Insurance: https://www.investopedia.com/terms/u/umbrella-insurance-policy.asp

Insurance Information Institute: https://www.iii.org

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2854: Dividend Investing Will Always Beat a Side Hustle by Millionaire Mob with ESI Money on Financial Freedom Sep 04, 2024

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 2854:

Millionaire Mob emphasizes the benefits of dividend investing over side hustles, highlighting how it provides a passive income stream and moves you closer to retirement goals without demanding significant time or effort. By strategically building and reinvesting in a dividend growth portfolio, investors can enjoy compound interest and financial freedom.

Read along with the original article(s) here: https://esimoney.com/dividend-investing-will-always-beat-a-side-hustle/

Quotes to ponder:

"With dividend investing, you really do not need to devote a significant amount of time to monitoring your portfolio."

"Dividend investing is the only way to both earn income AND get closer to your retirement goals."

"Our single goal in achieving financial freedom is to increase our earnings on a per hour basis. And dividend investing has some of the best earnings per hour spent out there."

Episode references:

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2853: MMM Reader Case Study: The Man Who Didn't Realize He Was Already Rich by Mr. Money Mustache on Early Retirement Sep 03, 2024

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 2853:

Mr. Money Mustache shares an insightful reader case study of a family realizing they are closer to early retirement than they thought. With strategic financial adjustments, the reader learns they can enjoy financial independence much earlier than their initial projection of age 65.

Read along with the original article(s) here: http://www.mrmoneymustache.com/2011/05/16/mmm-reader-case-study-the-man-who-didnt-realize-he-was-already-rich/

Quotes to ponder:

"You can retire a lot earlier than most people if you have moderate living expenses. Even without a million dollars in investments."

"I believe most people who retire well under 60 will find they WANT to do some paid work occasionally to keep their minds sharp and to have challenging interactions with other adults."

Episode references:

Choose FI Local Groups: https://www.choosefi.com/local-groups/

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2852: Why Investing in Things Producing Things Produces Financial Freedom by Chris Reining on Investment Returns Sep 02, 2024

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 2852:

Chris Reining highlights the path to financial freedom by investing in assets that produce income. By focusing on real estate and stocks, he demonstrates how these investments can generate steady, long-term returns, emphasizing the importance of having your money work for you rather than merely speculating on price increases.

Read along with the original article(s) here: https://chrisreining.com/things-producing-things/

Quotes to ponder:

"Instead of endlessly working for money you can have your money work for you."

"What matters is investing in things producing things."

"A dollar from a rent check is the same as a dollar from a stock."

Episode references:

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2851: Why You Don’t Know the Price Until You Sell by Nick Maggiulli of Of Dollars and Data on Liquidity Sep 01, 2024

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 2851:

Nick Maggiulli of OfDollarsAndData.com explains the unpredictable nature of asset pricing through the lens of Schrödinger's cat thought experiment. He emphasizes the importance of liquidity and emergency savings to avoid selling assets at a loss during economic downturns.

Read along with the original article(s) here: https://ofdollarsanddata.com/why-you-dont-know-the-price-until-you-sell/

Quotes to ponder:

"Only once you have opened the steel chamber could you determine whether the cat was living or deceased."

"The cruel world of price discovery can befall anyone."

"Cash during a panic is like having water in the desert."

Episode references:

Wealth, War, and Wisdom: https://www.amazon.com/Wealth-War-Wisdom-Barton-Biggs/dp/0470223073

When Genius Failed: https://www.amazon.com/When-Genius-Failed-Long-Term-Capital/dp/0375758259

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2850: How to Stop Stressing About Your To-Do List by Rose Lounsbury on Productivity & Finding Joy Sep 01, 2024

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 2850:

Rose Lounsbury's reflection on managing our to-do lists draws a powerful analogy between childhood road trips and adult productivity struggles. By focusing on the journey rather than the myriad of unchosen paths, she encourages us to prioritize and find joy in our chosen destinations, transforming our perspective on daily tasks.

Read along with the original article(s) here: https://roselounsbury.com/stop-stressing-to-do-list/

Quotes to ponder:

"We can only go one place at a time."

"Somewhere, isn’t someone getting all of the things done? Somewhere, isn’t someone managing everything? And why can’t I seem to do it?"

"Sure, I’m just one car out of billions, but I’m my car. This is my journey. The only one I get to take."

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2849: Tax Basis For Beginners by Sean Mullaney of FI Tax Guy on Double Taxation & Clarifies Taxable Gains Aug 31, 2024

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 2849:

Sean Mullaney of FITaxGuy.com demystifies the concept of tax basis, illustrating how it prevents double taxation and clarifies taxable gains. Learn the essentials of depreciation, the benefits of a step-up in basis at death, tax loss harvesting strategies, and the unique considerations for basis in retirement accounts.

Read along with the original article(s) here: https://fitaxguy.com/tax-basis-for-beginners/

Quotes to ponder:

"Basis is what allows us to measure the appropriate gain or income to the seller of property."

"The tax basis of inherited assets is 'stepped-up' to the fair market value of the asset on the original owner’s date of death."

"Tax loss harvesting is a neat tool in the tax planning toolbox."

Episode references:

Internal Revenue Service: https://www.irs.gov

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2848: What FI Seekers and Dexter Have In Common by Helene Massicotte of Free to Pursue on Financial Independence Aug 30, 2024

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 2848:

Helene Massicotte explores the striking parallels between financial independence (FI) seekers and the fictional character Dexter, highlighting the unique mindset and behaviors that set FI enthusiasts apart from societal norms. Through an engaging comparison, she illustrates how the pursuit of financial independence fosters a strong inner drive, a sense of not fitting in, and a selective adherence to societal rituals, much like Dexter's dual life.

Read along with the original article(s) here: http://www.freetopursue.com/blog/2014/12/22/dexter

Quotes to ponder:

"You sometimes question your drive to do things that are 'wrong' or different."

"Your inner voice never quiets down."

"You don’t feel 'normal' and you seek out others like you."

Episode references:

Darkly Dreaming Dexter by Jeff Lindsay: https://www.amazon.com/Darkly-Dreaming-Dexter-Novel/dp/038551123X

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2847: [Part 2] Why Is Taking Financial Risk Important? by Vicki Cook and Amy Blacklock of Women Who Money Aug 29, 2024

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 2847:

Vicki Cook and Amy Blacklock emphasize the importance of self-education and continuous learning in investing. They recommend using diverse resources and tools to understand financial risk tolerance and taking informed actions to build wealth confidently.

Read along with the original article(s) here: https://womenwhomoney.com/why-is-taking-some-financial-risk-important/

Quotes to ponder:

"Educate yourself in anything of interest, and never invest your hard-earned cash in something you don’t understand."

"Your money 'story' and emotions will impact the decisions you make now and in the future."

"The important thing is you’ll be making decisions about how to invest for your future. Rather than being afraid to take action."

Episode references:

The Simple Path To Wealth by J.L. Collins: https://www.amazon.com/dp/1533667926

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2846: [Part 1] Why Is Taking Financial Risk Important? by Vicki Cook and Amy Blacklock of Women Who Money Aug 28, 2024

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 2846:

Vicki Cook and Amy Blacklock from WomenWhoMoney.com explain the significance of taking financial risks to build long-term wealth. They stress that relying solely on savings can lead to diminished buying power due to inflation, and outline strategies to balance risk and return to achieve financial goals, regardless of one’s current financial situation.

Read along with the original article(s) here: https://womenwhomoney.com/why-is-taking-some-financial-risk-important/

Quotes to ponder:

"Building your own financial house must be a priority."

"Your future self will thank you when your net worth grows along with your confidence."

"Putting all your (financial) eggs in one basket isn’t a wise thing to do."

Episode references:

Financial Industry Regulatory Authority (FINRA): https://www.finra.org

Investor.gov: https://www.investor.gov

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2845: My Simple Philosophy For Achieving Financial Freedom In 5 Years Or Less by Steve Chou on Money Advice Aug 27, 2024

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 2845:

Steve Chou shares how the principles of Pai Gow poker can be applied to achieve financial freedom. By using a conservative approach to entrepreneurship, focusing on creating multiple income streams, and balancing the security of a day job with the potential of side hustles, Chou illustrates a clear path to financial independence.

Read along with the original article(s) here: https://mywifequitherjob.com/why-playing-pai-gow-poker-will-help-you-achieve-financial-success/

Quotes to ponder:

"Even though you might hate your day job and you can’t stand your boss, think of your day job as a way to stay in the game."

"The best and safest entrepreneurial strategies involve creating a safety net and having the freedom to take small calculated risks."

"The more time you have to validate your business idea, the more likely that you will eventually succeed."

Episode references:

Start with Why: https://www.amazon.com/Start-Why-Leaders-Inspire-Everyone/dp/1591846447

The $100 Startup: https://www.amazon.com/100-Startup-Reinvent-Living-Create/dp/0307951529

The Lean Startup: https://www.amazon.com/Lean-Startup-Entrepreneurs-Continuous-Innovation/dp/0307887898

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2844: Best Strategy To Successfully Start A Savings Account Or Emergency Fund by Andrea Joy on Money Habits Aug 26, 2024

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 2844:

Andrea Joy reveals how a money-saving challenge transformed her financial habits, demonstrating that small, consistent savings can significantly impact long-term financial security. By starting with as little as a dollar a week, she found a fun and effective way to build an emergency fund, providing a cushion for unexpected expenses and freeing herself from the cycle of debt.

Read along with the original article(s) here: https://savingjoyfully.com/best-strategy-to-successfully-start-a-savings-account-or-emergency-fund/

Quotes to ponder:

"Small financial choices and changes in your budget can bring about similar results [to weight loss]."

"A savings account or emergency fund is not only necessary but it sets you free in many ways."

"When you have some savings built up you are no longer a slave to debt."

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2843: 8 Important Things That Are Missing from Your Budget by Kumiko of The Budget Mom on Budgeting Tips Aug 25, 2024

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 2843:

Kumiko from TheBudgetMom.com shares essential budgeting tips to prevent unexpected expenses from derailing your financial plans. Discover how to plan for gifts, clothing, home maintenance, medical expenses, memberships, entertainment, pet supplies, and personal care to maintain a balanced budget and achieve financial peace of mind.

Read along with the original article(s) here: https://www.thebudgetmom.com/8-important-things-that-are-missing-from-your-budget/

Quotes to ponder:

"Budgeting is all about planning. It's vital that you plan ahead and include gift giving in your budget."

"If you completely deprive yourself while trying to spend less and save more, you will fail."

"Pets are part of the family, at least in my home they are."

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2842: How Mindful Are Your Relationships by Melani Schweder of No Sidebar on Intentional Living Aug 25, 2024

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 2842:

Your energy is a valuable resource. And you’re giving it away much too freely. Melani Schweder of No Sidebar.com explores how mindful relationships can lead to a more intentional and peaceful life. Discover how to prioritize connections that uplift and support your well-being while letting go of those that drain your energy.

Read along with the original article(s) here: https://nosidebar.com/mindful-relationships/

Quotes to ponder:

"Learning to let go and let people be exactly who they are is one of the keys to living a more free, happy, and mindful life."

"Despite the message that bigger social networks are better, research has shown that we can’t actually maintain deep, lasting, and fulfilling relationships with more than about 12 people at any given time."

"Setting healthy boundaries is a critical aspect of self-care, and one that far too many of us ignore."

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2841: An Open Letter to My Son About Money by Chelsea Brennan of Smart Money Mamas on Financial Advice Aug 24, 2024

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 2841:

Chelsea Brennan shares heartfelt financial wisdom in her letter to her son, emphasizing the importance of self-sufficiency, smart money management, continuous learning, and integrity. Her advice encourages thoughtful spending, saving, and taking calculated risks, hoping to set a foundation for financial independence and happiness.

Read along with the original article(s) here: https://smartmoneymamas.com/an-open-letter-to-my-son-about-money/

Quotes to ponder:

"Know the core things that make you happy and don’t allow friends, media, or romantic interests to drive a lifestyle creep towards expenses you don’t value."

"Resolve to go to bed each night a little smarter than you woke up and you’ll learn to work efficiently, productively, and profitably."

"Debt makes you an indentured servant and digging yourself out of that hole will cause more stress than whatever enjoyment you get from that item you are purchasing."

Episode references:

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

The Life-Changing Magic of Tidying Up: https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308

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2840: Mistakes to Avoid When Buying Insurance by Lisa Harrison of Mad Money Monster on Secure Financial Future Aug 23, 2024

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 2840:

Buying insurance is crucial to securing your financial future, but it's easy to make costly mistakes. Lisa Harrison highlights common pitfalls, such as inadequate coverage, delaying life insurance, and overlooking policy reviews. Discover how to make informed decisions to protect yourself and your assets effectively.

Read along with the original article(s) here: https://madmoneymonster.com/2022/12/08/mistakes-to-avoid-when-buying-insurance/

Quotes to ponder:

"Insurance can be a crucial part of a budget. And it’s possible there is too much at stake to go without it."

"By waiting, you also risk getting a serious health problem before you buy, which would make your future premiums much more expensive or make it so you can’t get insurance at all."

"It’s not necessary to purchase every sort of insurance there is if you’re young and healthy. But it’s important to consider your individual profile and risk before making any decisions."

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2839: What Philosophy Can Teach Us About Our Finances by Cynthia Meyer of Financial Finesse on Mindful Financial Decisions Aug 22, 2024

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 2839:

Cynthia Meyer draws insights from philosophers like Henry David Thoreau to highlight the importance of mindful financial decisions. By tracking expenses and challenging unnecessary spending, she illustrates how adopting a simple and intentional approach can lead to greater financial independence and fulfillment.

Read along with the original article(s) here: https://www.financialfinesse.com/2016/03/14/9487/

Quotes to ponder:

"And you may ask yourself, Well - How did I get here?"

"Most end up living their lives on desperate terms to meet someone else’s obligations, instead of by their own design."

"Take control of your financial life and start making the decisions today that will enable you to do what you want to do in the future."

Episode references:

Walden: https://www.amazon.com/Walden-Woods-Henry-David-Thoreau/dp/0785822224

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2838: Learning to Budget With a Money Jar System by Steve Martile with Get Rich Slowly on Financial Freedom Aug 21, 2024

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 2838:

Managing money creates freedom, not restrictions, as Steve Martile emphasizes in his practical guide on using the JARS system for budgeting. By organizing finances into specific categories, Martile demonstrates how simple changes can lead to significant financial growth, peace in relationships, and even the ability to enjoy life’s luxuries without guilt.

Read along with the original article(s) here: https://www.getrichslowly.org/learning-to-budget-with-the-jars-system/

Quotes to ponder:

"Managing money doesn’t restrict freedom, it creates freedom."

"Once we started to manage our money, I sold the 350Z. After our first year, our net worth increased by a surprising 45%."

"The real trick to managing your money is not what you do - it’s how you do it."

Episode references:

Secrets of the Millionaire Mind: https://www.amazon.com/Secrets-Millionaire-Mind-Mastering-Wealth/dp/0060763280

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2837: The Easiest Way to Get a Raise is to Give Yourself One by Kiersten Saunders of Rich and Regular on Financial Future Aug 20, 2024

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 2837:

Kiersten Saunders of RichAndRegular.com shares insights on how to take control of your financial future by giving yourself a raise. She discusses the importance of managing your paycheck effectively, avoiding lifestyle inflation, and investing in assets to create new income streams, highlighting the empowering shift from relying solely on employer-based salary increases.

Read along with the original article(s) here: https://richandregular.com/the-easiest-way-to-get-a-raise-is-to-give-yourself-one/

Quotes to ponder:

"When you work for someone else, you implicitly accept a limited upside and unlimited downside."

"Our raises come from being bullish about the unsexy realities of staying rich. We call them our 'richuals'."

"If you’re ready to make more money, you can. You just have to do the math and master the odds."

Episode references:

Thinking in Bets by Annie Duke: https://www.amazon.com/Thinking-Bets-Making-Smarter-Decisions/dp/0735216355

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2836: Why You Need Multiple Sources of Retirement Income by Darrow Kirkpatrick of Can I Retire Yet Aug 19, 2024

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 2836:

Generating income from multiple sources in retirement, much like packing for unpredictable weather, ensures stability and security against financial risks. Darrow Kirkpatrick highlights how a diverse portfolio that includes stocks, annuities, and Social Security can protect against longevity risk, inflation, market fluctuations, and solvency issues, providing a balanced and resilient retirement plan.

Read along with the original article(s) here: https://www.caniretireyet.com/why-you-need-multiple-sources-of-retirement-income/

Quotes to ponder:

"Some types of retirement income are good for a lifetime, but lock you into a set cash flow. Some protect against the menace of inflation, but cost more up front."

"The only way to obtain true security in a modern retirement is to generate income from multiple sources which, taken together, protect you from the range of financial risks."

"Wealth building is about transparency and simplicity. Spend less than you make, grow the savings, and don’t lose it."

Episode references:

Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds: https://www.ssa.gov/OACT/TR/

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2835: How to Resist Shopping and Find Better Ways to Feel Better by Karen Trefzger of Maximum Gratitude Minimal Stuff Aug 18, 2024

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 2835:

Karen Trefzger shares practical strategies for overcoming the urge to shop, emphasizing mindful reflection and gratitude. By identifying the root of your desires and finding alternative activities, you can avoid unnecessary purchases and cultivate lasting contentment.

Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2021/01/how-to-resist-shopping.html

Quotes to ponder:

"When you have the urge to shop for something you don't need, open your journal or the note-taking app on your phone and examine that urge."

"Buying something new might give a momentary lift but it doesn't last."

"Shopping is not a hobby. It's not a pastime or a social activity. Never head to the store without a list or a plan."

Episode references:

Make a micro-loan: https://www.kiva.org/

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2834: Get Started: From Overweight to Healthy by Leo Babauta of Zen Habits on Long-Term Healthy Living Aug 18, 2024

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 2834:

Leo Babauta shares practical advice on how to transition from being overweight to living a healthier life by making small, manageable changes. Emphasizing the importance of gradual progress, he recommends starting with simple steps like eating more vegetables, walking, and drinking water to build a foundation for long-term health.

Read along with the original article(s) here: https://zenhabits.net/weight

Quotes to ponder:

"One small change leads to another, forming a spiral of success."

"What matters is that you start."

"Just take the first small step. Nothing huge or scary. Just a really, really easy one."

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2833: 5 Investment Strategies To Help You Save For Retirement by Sabado Domingo of Len Penzo.com Aug 17, 2024

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 2833:

Preparing for retirement is crucial at any stage of your career. Sabado Domingo shares practical investment strategies, from maximizing 401(k) contributions to opening IRAs and HSAs, ensuring you can retire comfortably and securely.

Read along with the original article(s) here: https://lenpenzo.com/blog/id66022-5-investment-strategies-to-help-you-save-for-retirement.html

Quotes to ponder:

"Before following the tips listed in this article, you should be open to making investments and learning about the basics."

"Thinking about having your savings outlive you can make a lot of people anxious."

"Setting up a Health Savings Account (HSA) is one of the best ways to prepare for the health expenses you’ll incur in the future."

Episode references:

IRS Saver’s Credit: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit

Investopedia: https://www.investopedia.com/terms/1/401kplan.asp

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2832: Are You Alone and Planning for Retirement? Retirement Planning for Singles by Kathleen Coxwell of NewRetirement Aug 16, 2024

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 2832:

Planning for retirement as a single person offers both unique advantages and challenges. Kathleen Coxwell highlights the importance of addressing long-term health care, establishing reliable income sources, and envisioning how to spend time post-retirement. By considering these factors, singles can create a secure and fulfilling retirement plan tailored to their individual needs.

Read along with the original article(s) here: https://www.newretirement.com/retirement/are-you-alone-and-planning-for-retirement-retirement-planning-for-singles/

Quotes to ponder:

"Someone who is single doesn’t have to prepare for as long of a retirement as a married couple. A married couple is planning for the longest surviving partner, not just one person."

"If you’re married, your spouse can take care of you if something happens but what happens if you’re by yourself? It behooves someone to look into these contingencies."

"You may want to consider looking into a nursing home. It really helps for someone to know for certain if something were to happen they have this planned."

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2831: Tossing Early Retirement and Trading Money for Time by A Purple Life on Financial Independence Aug 15, 2024

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 2831:

A Purple Life shares a thought-provoking story about her mother's decision to return to work after retiring early, highlighting the value of time over money. She emphasizes the importance of enjoying life now rather than sacrificing precious time for future financial gains, advocating for a balanced approach to living fully without unnecessary luxury.

Read along with the original article(s) here: https://apurplelife.com/2017/04/29/tossing-early-retirement-and-trading-money-for-time/

Quotes to ponder:

"Our most important resource is time. It’s finite unlike money."

"I personally choose time."

"Reflecting on this time with her a year later she says, 'Yeah - I don’t know what I was thinking!!'"

Episode references:

Mr. Money Mustache blog: https://www.mrmoneymustache.com

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2830: Prioritize Your Budget for Success by Mike Ballew of Egg Stack on Personal Financial Habits Aug 14, 2024

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 2830:

Defining success in personal finance is essential for achieving financial stability. Mike Ballew emphasizes the importance of setting clear priorities based on values, such as building an emergency fund and saving for retirement. By examining daily spending habits and making mindful choices, you can ensure long-term financial health.

Read along with the original article(s) here: https://eggstack.com/blog/2020-01-19-Prioritize-Your-Budget-for-Success/

Quotes to ponder:

"Success is making ends meet, paying bills on time, and setting money aside for emergencies and retirement."

"If you struggle with your budget and have little or nothing left over to save for emergencies and retirement, you don’t have a funding issue, you have a spending problem."

"Every day people waste money on frivolous luxuries, money they could be saving."

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2829: [Part 2] Five Big Reasons to Retire Often by Jillian Johnsrud on Lifestyle Design for Happiness Aug 13, 2024

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 2829:

Taking regular mini-retirements can significantly boost your health and open doors to new professional growth, as Jillian Johnsrud explains. By dedicating time to personal health and exploring new career possibilities, you can find more balance, reduce burnout, and discover fulfilling opportunities.

Read along with the original article(s) here: https://www.jillianjohnsrud.com/five-big-reasons-to-retire-often/

Quotes to ponder:

"Instead of thoughtful and intentional, all things health-related felt disorganized and reactionary."

"A funny thing happens when you give yourself time, energy, and resources toward just a few goals. And you get all the support and help you need. You make progress!"

"Taking a walk after breakfast or gardening. For most people, when they have more time and fewer demands on them, it’s easier to cook the food you want to be eating and feel more thoughtful with nutrition."

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2828: [Part 1] Five Big Reasons to Retire Often by Jillian Johnsrud on How to Take A Mini-Retirement Aug 12, 2024

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 2828:

Jillian Johnsrud shares the profound benefits of taking mini-retirements, emphasizing how stepping away from the daily grind can help you catch up on personal tasks, explore new ventures, and spend quality time with family and friends. Drawing from her own experiences, Jillian illustrates how these breaks can rejuvenate your life and create lasting memories.

Read along with the original article(s) here: https://www.jillianjohnsrud.com/five-big-reasons-to-retire-often/

Quotes to ponder:

"All these things act like open tabs on your phone or computer. Each one left open isn’t a big deal in itself, but when there are 100 open tabs, it creates a mental burden that we carry through our days."

"When life is full (and it’s always full), there is rarely room for something new and big. Those things will take a lot of mental and emotional energy to get going, plus the time commitment."

"Taking some time away from the 9-5 gives you a chance to focus on the people in your life that matter most to you."

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2827: 4 Lessons From the Richest Woman In Wall Street History by Nick Maggiulli of Of Dollars and Data Aug 11, 2024

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

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2826: How I Got Digital Minimalism Right The Second Time Around by Leslie Watson with Becoming Minimalist Aug 11, 2024

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."

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2825: How You Can Have A Free Car For Life by Andrew of Dollar After Dollar on Financial Advice Aug 10, 2024

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/1612680194

The Book on Rental Property Investing: https://www.amazon.com/Book-Rental-Property-Investing-Passive/dp/099071179X

The Millionaire Real Estate Investor: https://www.amazon.com/Millionaire-Real-Estate-Investor/dp/0071446370

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2824: Why You Should Be A Lazy Investor Instead Of A Stock Picker by Michael L. with Financial Panther Aug 09, 2024

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

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2823: 7 Reasons Why I Drive a 17 Year Old Car by Jen Hayes on Financial Habits for Building Wealth Aug 08, 2024

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-class

The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474

The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/0785289089

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2822: Is a Gym Membership Worth it or a Waste of Money? by Vicki Cook and Amy Blacklock on Financial Advice Aug 07, 2024

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 2822:

Vicki Cook and Amy Blacklock explore whether a gym membership is a wise investment or a financial burden. They weigh the benefits, like diverse fitness options and additional perks, against potential drawbacks, such as unused memberships and financial strain. This insightful analysis helps you make an informed decision about your fitness expenses.

Read along with the original article(s) here: https://womenwhomoney.com/gym-memberships-waste-money/

Quotes to ponder:

"With an average monthly membership fee of about $60, paying for your workouts may not seem like a budget-busting expense."

"But some reports state almost 70% of memberships go unused after the first few months."

"If you aren't sure you'll use the gym frequently, there are plenty of other options for you to consider."

Episode references:

NPR article: https://www.npr.org/sections/money/2014/01/14/261393781/why-does-the-gym-cost-so-much

Statista: https://www.statista.com/topics/1141/health-and-fitness-clubs

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2821: 6 Principles The Best Investors Use to Crush The Market by Phil Town on Investment Advice Aug 06, 2024

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 2821:

Phil Town shares six timeless principles from the Rule #1 strategy that top investors like Warren Buffett and Charlie Munger use to achieve outstanding market returns. These principles emphasize rational decision-making, deep business understanding, investing in companies you believe in, waiting for market opportunities, reducing risk through basis reduction, and developing a comprehensive investment thesis. Discover how these strategies can transform your investment approach and help you achieve financial success.

Read along with the original article(s) here: https://www.ruleoneinvesting.com/blog/investing-news-and-tips/6-principles-the-best-investors-use-to-crush-the-market/

Quotes to ponder:

"Rule #1 states 'Don’t lose money,' and these 6 principles are always on my mind to help me avoid violating that critical rule."

"Fear of losing more than you can afford to lose tends to make the mind go irrational. You start guessing."

"Love what you own. Put your money where your values are."

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2820: Why Do I Have 7 Surfboards Operation Declutter by Joel of 5AM Joel on Intentional Living Aug 05, 2024

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 2820:

Joel from 5AMJoel.com shares his journey of decluttering and realizing the unnecessary abundance of items like his 10 surfboards. He emphasizes the benefits of minimalism, reducing decisions, and implementing strategies like "one in, one out" to maintain a clutter-free life, ultimately leading to less stress and more intentional living.

Read along with the original article(s) here: http://5amjoel.com/7-surfboards-declutter/

Quotes to ponder:

"It’s time to get rid of some of the crap in my house. I was looking around the other day and noticed the amount of clutter has built up to an uncomfortable level."

"With more options comes more decision. And more decisions in life is the exact opposite of what I’m trying to accomplish."

"Our lives will be just as happy, if not happier than before. Less decisions, less clutter, less stress."

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2819: Retirement and Financial Independence Equals Apples and Oranges by Helene Massicotte on Money Freedom Aug 04, 2024

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 2819:

Helene Massicotte from FreeToPursue.com offers a refreshing perspective on saving, contrasting traditional retirement strategies with the empowering mindset of financial independence. She emphasizes saving not out of fear, but for the freedom and options it provides today, transforming a burdensome duty into a rewarding and joyful activity.

Read along with the original article(s) here: http://www.freetopursue.com/blog/2016/6/22/retirement-and-financial-independence-apples-and-oranges

Quotes to ponder:

"You save because you like the possibilities the money offers you now."

"Saving turns from an obligation to a rewarding activity."

"A saving mindset keeps our lifestyle in check by getting us to ask ourselves whether spending the money will really make us better off."

Episode references:

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

Mr. Money Mustache Blog: https://www.mrmoneymustache.com

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2818: The Reason You May Not be Getting Results & What To Do About It by Nia Shanks on Personal Growth Aug 04, 2024

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 2818:

Nia Shanks explores the underlying reasons behind the lack of progress in personal goals and offers actionable strategies to overcome these obstacles. She emphasizes the importance of self-compassion and adaptability, providing readers with practical tips to achieve consistent and meaningful results.

Read along with the original article(s) here: https://www.niashanks.com/reason-not-getting-results-what-to-do/

Quotes to ponder:

"It’s easy to get frustrated and feel like you’re failing when progress doesn’t come as quickly as you’d like."

"Be kind to yourself, and remember that perfection isn’t the goal - progress is."

"It’s okay to adjust your goals and methods as you learn more about what works for you."

Episode references:

Mindset: The New Psychology of Success: https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322

Atomic Habits: https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299

The Slight Edge: https://www.amazon.com/Slight-Edge-Turning-Disciplines-Happiness/dp/1626340463

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2817: Prioritizing Wants versus Needs AND The Unexpected Emergency Funds Philip Dancy on Financial Advice Aug 03, 2024

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 2817:

Philip Dancy's insightful pieces on distinguishing "wants" from "needs" and the importance of emergency funds provide practical advice for financial health. By understanding and prioritizing true needs, you can effectively manage your budget and savings, ensuring you’re prepared for unexpected expenses while still enjoying life’s pleasures.

Read along with the original article(s) here: https://dancywithmoney.com/blog/prioritizing-wants-vs-needs & https://dancywithmoney.com/blog/how-to-start-an-emergency-fund

Quotes to ponder:

"A 'want' is an item or experience that brings you a level of satisfaction that you feel you can’t live without...but you really can!"

"By taking on unnecessary debt, there is a big chance you may fall into the debt cycle."

"It took me almost two years to get my emergency savings to 6 months."

Episode references:

EconoMe Conference: https://www.economeconference.com

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2816: The Most Important Financial Habit AND Why Simple Financial Strategy Works by Derick Van Ness on Personal Finances Aug 02, 2024

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 2816:

Derick Van Ness from BigLifeFinancial.com emphasizes the critical role of systematic saving in financial success. He highlights how saving, though not glamorous, is the foundational habit that differentiates the wealthy from those living paycheck to paycheck. Building wealth starts with consistently saving a portion of every income, which enhances financial security and confidence.

Read along with the original article(s) here: https://www.biglifefinancial.com/blog/2017/9/4/the-most-important-financial-habit & https://www.biglifefinancial.com/blog/2019/11/7/why-simple-financial-strategy-works

Quotes to ponder:

"Learning to systematically save is literally the difference between people who become incredibly wealthy and those who live paycheck to paycheck."

"Before you can build wealth and invest effectively, you must learn to save."

"Saving isn't the only component of building wealth, but without it, you’ll never even get out of the parking lot!"

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2815: Social Security - Planning For It or Not In Your Future by Amanda of Women Who Money on Retirement Savings Aug 01, 2024

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 2815:

Amanda from WomenWhoMoney.com delves into the complexities of Social Security, addressing concerns about its future, how to estimate and maximize benefits, and the impact of potential legislative changes. She emphasizes the importance of proactive retirement planning, suggesting that Social Security should be considered a bonus rather than a primary source of income.

Read along with the original article(s) here: https://womenwhomoney.com/social-security-planning-your-future/

Quotes to ponder:

"Depending on your age, Social Security could play a significant role in your retirement finances as you grow older."

"The Social Security Board of Trustees expects to be able to pay 100% of benefits through 2035."

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2814: How to Save Money and Still Invest by Christine Sato with JenHayes on Financial Advice Jul 31, 2024

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 2814:

Christine Sato, in collaboration with JenHayes.Me, explains how to save money and invest simultaneously, even on a low income. She outlines strategies for building savings for short-term needs and investing for long-term goals, emphasizing the importance of automatic transfers, taking advantage of employer 401(k) matches, and starting early to maximize compound interest.

Read along with the original article(s) here: https://www.jenhayes.me//save-money-still-invest/

Quotes to ponder:

"Saving usually means putting your money into a savings account in a bank for easy access."

"The stock market, on the other hand, while unpredictable in the short-term, generally does better than cash over long periods of time and generates greater returns on your money."

"Putting aside $25 a week in an IRA, assuming an average return on your investment dollars of 8 percent over 40 years, will result in investments worth about $350,000 when it’s time to retire."

Episode references:

Investopedia - Roth IRA: https://www.investopedia.com/terms/r/rothira.asp

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2813: Debt Freedom Is Great But Payment Freedom Is Better by Chris on Financial Independence Jul 30, 2024

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 2813:

Chris from KeepThrifty.com shares the transformative journey from debt freedom to the more profound concept of payment freedom. He explains how eliminating monthly expenses entirely, rather than merely paying off debt, leads to true financial independence and a liberating sense of freedom.

Read along with the original article(s) here: https://www.keepthrifty.com/payment-freedom/

Quotes to ponder:

"Payment Freedom is the freedom you feel from the complete elimination of a line-item in your budget."

"We’d imagined the world of debt freedom to be a magical carefree place. So, we waited for the feeling of joy, excitement, relief, and freedom to come. Only, that feeling never came."

"The thing about our debt freedom that we had been so excited about wasn’t about the end of paying interest. It was about the end of paying for housing."

Episode references:

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2812: One Big Expensive Investing Mistake to Avoid by Jay Delaworth on Building Wealth Jul 29, 2024

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 2812:

Jay Delaworth highlights the critical mistake of not having an exit strategy in investing. He emphasizes that without a plan for when to sell, investors risk making emotional decisions that can significantly damage their financial future. Understanding and establishing clear rules for selling can prevent costly errors and ensure more stable investment outcomes.

Read along with the original article(s) here: https://moneyminiblog.com/investing/expensive-mistake

Quotes to ponder:

"Just because your friend, colleague or favorite uncle is making an investment, doesn’t mean it’s a good one!"

"Without a logical and well-thought out exit strategy, you open yourself up to huge risk."

"In my experience, the biggest losses come from betting on a specific stock or company and riding it all the way to zero."

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2811: Avoid These 3 Pitfalls of Debt Consolidation by Miranda Marquit of Good Financial Cents Jul 28, 2024

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 2811:

Miranda Marquit of GoodFinancialCents.com outlines the critical mistakes to avoid when consolidating debt, such as misusing newly available credit and not changing spending habits. Her advice helps ensure debt consolidation serves as a pathway to financial stability rather than a setback.

Read along with the original article(s) here: https://www.goodfinancialcents.com/avoid-pitfalls-of-debt-consolidation/

Quotes to ponder:

"Debt isn’t the problem; it’s a symptom of your spending problem."

"Don’t use your freed-up lines of credit unless you are done paying off your debt consolidation loan, and your spending is under control."

"Missteps, such as falling back into old spending habits or mistaking settlement for consolidation, can exacerbate financial woes."

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2810: How to Create (And Stick With) a Weekly Schedule for Your Family by Kalen Bruce on Productivity Jul 28, 2024

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 2810:

Kalen Bruce of Freedom Sprout.com shares practical tips for creating and maintaining a weekly family schedule. By tracking time, planning each minute, and using a family calendar, you can reduce stress and foster a structured yet flexible environment, especially crucial for families with unpredictable schedules like those in the military.

Read along with the original article(s) here: https://freedomsprout.com/weekly-family-schedule/

Quotes to ponder:

"It’s how we keep structure in such an unpredictable life that the military cultivates."

"Whatever you do, don’t let your schedule dictate your life. Dictate your schedule."

"Getting started is always the hardest part. You don’t have to get it right, just get it started."

Episode references:

Outschool: https://outschool.com/

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2809: [Part 2] How My Perspective of the Fire Movement Changed After Turning 40 by Lisa Harrison of Mad Money Monster Jul 27, 2024

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 2809:

Lisa Harrison shares how turning 40 has shifted her perspective on the FIRE movement. She highlights the importance of balancing financial independence with enjoying life now, emphasizing the need for quality health care and the benefits of maintaining a job for financial security and personal fulfillment.

Read along with the original article(s) here: https://madmoneymonster.com/2019/06/17/how-my-perspective-of-the-fire-movement-changed-after-turning-40/

Quotes to ponder:

"Even though my corporate job provides 25k toward fertility treatment, it doesn’t cover donor eggs. Wow, I never incorporated that expense into my FIRE plans."

"In light of accepting that my health will likely not get better with age, having high-quality health care has suddenly become a MAJOR deal for me and my family."

"My perspective after turning 40 is that I want to enjoy my life now and make sure I have plenty for later."

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2808: [Part 1] How My Perspective of the Fire Movement Changed After Turning 40 by Lisa Harrison of Mad Money Monster Jul 26, 2024

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 2808:

Lisa Harrison of MadMoneyMonster.com shares how turning 40 has reshaped her views on the FIRE movement. Emphasizing family, health, and enjoying the moment, she explains why the sacrifices required for early retirement no longer appeal to her, highlighting a shift from her youthful optimism to a more balanced, realistic approach to life.

Read along with the original article(s) here: https://madmoneymonster.com/2019/06/17/how-my-perspective-of-the-fire-movement-changed-after-turning-40/

Quotes to ponder:

"After hitting 40, I started to realize there are 3 categories topping the list of important things in my life: Family, My health, and Enjoying the moment."

"Although I’ve always been and thought of myself as healthy as a horse, I realized that I was aging, despite my identification with the younger crowd."

"It took me more time to graduate from college than normal because I went part-time."

Episode references:

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2807: 6 Things You Should ALWAYS Buy Secondhand by Amanda Brownlow of Hello Brownlow on Frugality Jul 25, 2024

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 2807:

Amanda Brownlow of HelloBrownlow.com reveals six essential items to always buy secondhand, highlighting significant savings and environmental benefits. From baby gear to home decor, Amanda shares practical tips for finding high-quality, affordable secondhand goods.

Read along with the original article(s) here: https://hellobrownlow.com/2019/03/05/6-things-you-should-always-buy-secondhand/

Quotes to ponder:

"Why waste all that money and resources on purchasing something new, when you can buy it used?"

"Stores that specialize in re-selling games and movies make sure that the discs are in great condition."

"Keep in mind that a DIY project can cost very little if the decor item you like is almost what you want it to be!"

Episode references:

Poshmark: https://poshmark.com

eBay: https://www.ebay.com

thredUp: https://www.thredup.com

Barnes and Noble: https://www.barnesandnoble.com

Vintage Stock: https://www.vintagestock.com

Chegg: https://www.chegg.com

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2806: Financial Success Comes from Within by Harlan Landes with Get Rich Slowly on Personal Finance Habits Jul 24, 2024

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 2806:

Harlan Landes explains that true financial success originates from within, emphasizing the importance of an internal locus of control. By adopting this mindset, individuals can better plan for long-term goals, accept responsibility for their actions, and achieve their financial aspirations.

Read along with the original article(s) here: https://www.getrichslowly.org/financial-success-comes-from-within/

Quotes to ponder:

"It took some time for me to understand that I had more control over my situations than I was allowing myself to believe."

"Success, defined by a personal goal, financial or otherwise, can be easier achieved by shifting to an internal locus of control."

"Rather than blaming your financial situation on bad luck, a broken system, or your parents’ negative influence, determine which choices you made or didn’t make brought you to where you are, and make some new ones."

Episode references:

Mindset: The New Psychology of Success: https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322

The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474

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2805: If You Work Your Whole Life, You're Doing It Wrong by Chris Reining on Financial Independence Jul 23, 2024

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 2805:

Chris Reining shares a powerful reflection on financial freedom and purposeful living. He discusses how shifting from a mindset of earning to consume to earning to invest in what truly matters can transform your life. Reining emphasizes designing a life filled with meaningful experiences rather than material possessions, inspired by personal anecdotes and insights from thought leaders like Bronnie Ware and Ryan Holiday.

Read along with the original article(s) here: https://chrisreining.com/3-retirement-options/

Quotes to ponder:

"I wish I’d had the courage to live a life true to myself, not the life others expect of me."

"It’s easy to slip into a lifestyle where we work to earn, and earn to consume."

"You can design your life to make sure you have the freedom to pursue what’s important to you."

Episode references:

Bronnie Ware's Regrets of the Dying: https://bronnieware.com/regrets-of-the-dying

The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357

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2804: The Definition of Financial Success is Not So Obvious by Craig Stephens of RetireBeforeDad on Money Goals Jul 22, 2024

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 2804:

Craig Stephens from RetireBeforeDad.com challenges conventional notions of financial success, arguing that it goes beyond mere wealth accumulation. True financial success, he suggests, is about aligning your finances with your personal values and using your resources to support an ideal, fulfilling life.

Read along with the original article(s) here: https://www.retirebeforedad.com/definition-financial-success/

Quotes to ponder:

"Success is not always what it’s perceived to be."

"Financial success is a combination of wealth and wisdom."

"It’s about optimizing your finances in alignment with your values and what makes you the happiest."

Episode references:

The Happiness Curve: https://www.amazon.com/Happiness-Curve-Life-Better-After/dp/1250078806

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2803: 5 Things You Need To Consider When Balancing Student Loan Debt and Saving For Retirement by Kimberly Hamilton Jul 21, 2024

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 2803:

Kimberly Hamilton explores the critical balance between tackling student loan debt and saving for retirement. She provides actionable strategies to help millennials navigate financial priorities, emphasizing the importance of early investing, taking advantage of employer matches, and understanding interest rates to optimize long-term financial health.

Read along with the original article(s) here: https://thefinancetwins.com/balancing-student-loan-debt-and-retirement/

Quotes to ponder:

"Paying off your loans can be stressful, I know firsthand, and sometimes knowing you’re decreasing the balance feels better than saving for a date 30 years in the future."

"This makes meeting your employer match a no-brainer. If you’re already making the minimum payments on your student debt, I recommend you do this too."

"Waiting even just a few years can cost you tens to hundreds of thousands of dollars in the long run."

Episode references:

IRA Information: https://www.irs.gov/retirement-plans/traditional-and-roth-iras

U.S. Stock Market Return Data: https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp

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2802: The Diet That Has No Name (and Why It May be the Best Thing Ever) by Nia Shanks on Personal Wellbeing Jul 21, 2024

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 2802:

Nia Shanks introduces a transformative approach to dieting that focuses on mindful eating and self-compassion, rather than rigid rules and restrictions. This method promotes sustainable health and happiness by encouraging a positive relationship with food and body image.

Read along with the original article(s) here: https://www.niashanks.com/the-diet-that-has-no-name/

Quotes to ponder:

"Eat in a way that makes you feel your best."

"Focus on nourishment and enjoyment, rather than restriction and guilt."

"Practice self-compassion and make choices that honor your body and well-being."

Episode references:

Self-Compassion: The Proven Power of Being Kind to Yourself: https://self-compassion.org/

Body Kindness: https://www.bodykindnessbook.com/

Intuitive Eating: https://www.intuitiveeating.org/

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2801: Personal Budgets Fail Because They Aren’t Fun. Here’s How You Fix That by U-Ming Lee Jul 20, 2024

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 2801:

Setting a personal budget often feels restrictive and tedious, but U-Ming Lee offers a refreshing perspective by highlighting the importance of incorporating fun into the process. By allocating a portion of your budget for small, enjoyable indulgences, you can transform budgeting from a burdensome task into a pleasurable activity that helps maintain financial discipline while ensuring happiness.

Read along with the original article(s) here: https://themakingofamillionaire.com/personal-budgets-fail-because-they-arent-fun-here-s-how-you-fix-that-1acb40efbd02

Quotes to ponder:

"Allowing myself to incorporate fun into my personal budgeting completely transformed my relationship with the process."

"The delayed gratification logic of 'sacrifice now, gain more later' only works when the gain is guaranteed."

"Experiences have time value as well. You might not remember how much you paid to attend that awesome party, but the warm memories will last a lifetime."

Episode references:

Hedonic Adaptation: https://positivepsychology.com/hedonic-treadmill/

Compound Interest: https://www.investopedia.com/terms/c/compoundinterest.asp

Time Value of Money: https://www.investopedia.com/terms/t/timevalueofmoney.asp

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2800: Retirement Solutions for the 7 Worst Retirement Mistakes by Kathleen Coxwell of New Retirement Jul 19, 2024

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 2800:

Kathleen Coxwell from NewRetirement.com outlines essential retirement strategies to avoid the most common financial mistakes, ensuring a secure and sustainable retirement. Learn how to maximize your savings, manage debt, and plan effectively to maintain your desired lifestyle throughout your retirement years.

Read along with the original article(s) here: https://www.newretirement.com/retirement/retirement-solutions-for-financial-mistakes/

Quotes to ponder:

"The earlier you start planning and saving for retirement, the more successful you’re going to be."

"That is a large expense that can more rapidly drain your nest egg. Ideally you want to be debt free before you retire."

"Conventional wisdom is that you should only withdraw about 4% of your nest egg to live."

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2799: Four Retirement Myths I’m Hearing by Michael Smith of Financial Finesse on Personal Finance Advice Jul 18, 2024

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 2799:

Michael Smith of FinancialFinesse.com debunks four common myths about retirement, emphasizing the continued relevance of Social Security, the insufficiency of relying solely on Social Security, the manageable cost of medical insurance premiums, and the feasibility of achieving retirement with consistent savings efforts. His insights encourage proactive financial planning to secure a comfortable retirement.

Read along with the original article(s) here: https://www.financialfinesse.com/2015/09/18/four-retirement-myths-im-hearing/

Quotes to ponder:

"Social Security should still be a piece of your retirement foundation. Don’t discount the importance of Social Security."

"Most of us will need a part time job, distributions from our retirement plans or withdrawals from our savings and investment accounts, combined with Social Security, to live the lifestyle that we want."

"Retirement is possible for everyone. It just requires some effort."

Episode references:

Healthcare.gov: https://www.healthcare.gov

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2798: Rescue Me: The Problem With Relying on Our Purchases to Save Us by Emily Rose Barr with NoSidebar Jul 17, 2024

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 2798:

Emily Rose Barr explores the common misconception that purchases can significantly change our lives. She highlights how relying on material goods for personal transformation often leads to disappointment and emphasizes the importance of addressing deeper emotional and psychological needs directly.

Read along with the original article(s) here: https://nosidebar.com/relying-on-our-purchases/

Quotes to ponder:

"I thought when I got a Roomba, it would save my life."

"Nothing we buy will ever change us, no matter how firmly we believe it will."

"We keep looking for life rafts in all the wrong places."

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2797: Shortest Path to Financial Independence by The Mad Fientist on Building Wealth & FIRE Jul 16, 2024

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 2797:

The Mad Fientist explores the quickest route to financial independence by identifying essential expenses, reducing unnecessary costs, and finding ways to generate supplemental income. His approach emphasizes strategic lifestyle changes and geographical flexibility to achieve financial freedom sooner, allowing more time for enjoyable and meaningful work.

Read along with the original article(s) here: https://www.madfientist.com/shortest-path-to-financial-independence/

Quotes to ponder:

"Financial independence is having enough income from your assets to cover your essential expenses so that you can survive without ever having to work again."

"If you really envisage your post-FI life, you can quite happily drop expenses that are no longer necessary or important to you."

"By living somewhere like Thailand for a portion of the year, the income from my United States investments and businesses will go much further than if I lived in the States."

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2796: How to Retire on 1 Million or Less by ESI of ESI Money on Frugality & Financial Independence Jul 15, 2024

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 2796:

ESI of ESIMoney.com explains how you can retire early with a net worth of $1 million or less, using strategies common among the FIRE (Financial Independence Retire Early) community. Learn how to maximize your savings, minimize debt, and invest wisely to achieve financial independence by your mid-30s and live comfortably without a traditional job.

Read along with the original article(s) here: https://esimoney.com/retire-1-million-less/

Quotes to ponder:

"The steps to FIRE won’t surprise you. They involve earning, saving, and investing."

"They are used to living on a small portion of their earnings, so retirement is no different."

"This extra allows you to quit your 'normal' job much sooner."

Episode references:

The 4% Rule Explained: https://www.investopedia.com/terms/f/four-percent-rule.asp

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2795: Success by Exhaustion by Nick Maggiulli of Of Dollars and Data on How to Build Wealth Jul 14, 2024

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 2795:

Nick Maggiulli highlights how IBM's legal team, Cravath, Swain, & Moore LLP, defended against antitrust charges through sheer tenacity and exhaustive effort, demonstrating that success can be achieved by outworking opponents. This brute force approach extends to various domains, including finance, where strategies like indexing and high savings rates can lead to financial stability regardless of market conditions.

Read along with the original article(s) here: https://ofdollarsanddata.com/success-by-exhaustion/

Quotes to ponder:

"They buried us in paper. They produced reams of paper in futile endeavors. We stacked up the paper - it was five or six feet tall!"

"The majority of (actual) wars have not been won with strategy, bravery, training, or superior equipment, but brute force."

"If you think about it, indexing is a brute force solution to the problem of picking stocks."

Episode references:

What It Takes: https://www.amazon.com/What-Takes-Secrets-Greatest-Professional/dp/1118517725

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2794: Seven Quick and Easy Ways to Boost Your Happiness by Doctor Jenny Brockis on Mental Health & Wellness Jul 14, 2024

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 2794:

Feeling happy is linked to a greater sense of well-being, achievement, and fulfillment. Dr. Jenny Brockis shares seven simple ways to boost your happiness, including self-acceptance, outdoor exercise, sufficient sleep, gratitude, building a support network, acts of kindness, and smiling more. Each method is easy to implement and can significantly enhance your overall happiness and life satisfaction.

Read along with the original article(s) here: https://www.drjennybrockis.com/2019/7/4/seven-easy-ways-boost-happiness/

Quotes to ponder:

"You are you and that IS enough."

"The quickest and most effective way to top up your happiness is with exercise."

"Choosing to smile is a super easy, quick and effective way to boost your mood and of course it’s contagious."

Episode references:

The Happiness Advantage: https://www.amazon.com/Happiness-Advantage-Positive-Brain-Success/dp/0307591549

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2793: End Binge and Purge: 4 Ways to Break Free of a Shopping Addiction by Karen Trefzger of Maximum Gratitude Minimal Stuff Jul 13, 2024

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 2793:

Find freedom from the cycle of shopping addiction with Karen Trefzger's insightful strategies. Learn how to declutter, cultivate gratitude, develop new interests, and make mindful purchases to create a peaceful and manageable home environment.

Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2021/10/end-binge-and-purge.html

Quotes to ponder:

"You're not truly decluttering if you go out to buy more. The 'shop-to-declutter-to-shop' cycle isn't minimalism. It's consumerism."

"When you struggle with a shopping disorder, life is a constant battle between the compulsion to acquire something new and the desire to have a home you can manage with ease."

"Gratitude for the good things in your life gives you a sense of fullness and peace every day."

Episode references:

Atomic Habits: https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299

Digital Minimalism: https://www.amazon.com/Digital-Minimalism-Choosing-Focused-Noisy/dp/0525536515

The Life-Changing Magic of Tidying Up: https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308

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2792: [Part 2] 20 Smart Tips to Pay Off Your Mortgage Faster by Andy Hill of Marriage Kids and Money Jul 12, 2024

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 2792:

Andy Hill provides insightful strategies to help you accelerate your journey to becoming mortgage-free. Learn practical tips like switching grocery stores, utilizing cash envelopes, and sending windfalls directly to your mortgage to save thousands and gain financial freedom faster.

Read along with the original article(s) here: https://marriagekidsandmoney.com/tips-pay-off-mortgage-faster

Quotes to ponder:

"By adopting new small habits, you can actually make quite a dent in your debt."

"A mortgage recast is when you make a lump sum payment toward your mortgage. Then, the mortgage company re-amortizes your loan."

"If the journey seems long, remember where you're headed."

Episode references:

The Cash Envelope System: https://www.daveramsey.com/blog/envelope-system-explained

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2791: [Part 1] 20 Smart Tips to Pay Off Your Mortgage Faster by Andy Hill of Marriage Kids and Money Jul 11, 2024

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 2791:

Andy Hill's article on paying off your mortgage faster offers practical advice and real-life examples to inspire financial independence. Hear how Deacon Hayes eliminated his mortgage in just five years and explore tips that can help you achieve a debt-free homeownership journey.

Read along with the original article(s) here: https://marriagekidsandmoney.com/tips-pay-off-mortgage-faster

Quotes to ponder:

"Deacon and his wife got creative. Initially, they were a dual-income household, so that gave them more leverage."

"Sometimes, it makes sense to pursue additional certifications or other credentials. Other times, it might mean sitting down with management for a performance review or negotiating a raise."

"Clutter is a distraction. It can also keep you from truly enjoying your home."

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2790: Is Fasting Good for Your Fiscal Health? by Carol Christie with Women Who Money on Money Habits Jul 10, 2024

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 2790:

Carol Christie from WomenWhoMoney.com explores the unexpected financial benefits of intermittent fasting, highlighting how adopting this lifestyle can reduce your grocery bill by 25%, alongside promoting health improvements and time savings. Discover how fasting can positively impact your budget and overall well-being.

Read along with the original article(s) here: https://womenwhomoney.com/fasting-good-for-fiscal-health/

Quotes to ponder:

"Despite all the press and the growing popularity, there are still far more resistors than adherents to this way of life."

"It was a pleasant discovery to realize, several months in, that my grocery spend decreased by at least 25%."

"Current research suggests that the longer you extend the fasting window each day, the more the benefit."

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2789: Should You Pay Cash For a Car by Paula Pant of Afford Anything on Personal Finance Decisions Jul 09, 2024

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 2789:

Paula Pant of AffordAnything.com explores the financial debate around whether to pay cash for a car or take out a low-interest loan. Through personal anecdotes and financial analysis, she reveals the pros and cons of each approach, ultimately deciding to purchase the cars with cash to align with personal values and financial goals.

Read along with the original article(s) here: https://affordanything.com/should-you-pay-cash-for-a-car/

Quotes to ponder:

"Taking out a car loan is stupid. Right? Right?"

"Who aspires to look back on their life and say, 'I never had a car loan?' Finance nerds, that’s who."

"In the end, that’s precisely what we did. Will bought a 7-year-old Acura with 90,000 miles on it."

Episode references:

Stacking Benjamins Podcast: https://www.stackingbenjamins.com

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2788: 10 Things You Shouldn't Buy When You're Broke by Jen Hayes on Personal Finance Habits Jul 08, 2024

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 2788:

Jen Hayes emphasizes the importance of cutting unnecessary expenses when living paycheck to paycheck or dealing with debt. She suggests practical alternatives to common expenditures like coffee shop visits, gym memberships, and dining out, advocating for self-sufficiency and resourcefulness as pathways to financial stability and increased self-confidence.

Read along with the original article(s) here: https://www.jenhayes.me//10-things-shouldnt-buy-youre-broke/

Quotes to ponder:

"It amazes me that so many people who are broke treat themselves to Starbucks every day. You could make your coffee or tea at home for a fraction of the price."

"If you’re broke, you shouldn’t be throwing away money at the salon. If those things are truly important to you, you can spend money on those items after you pay off your debt and/or become more financially secure."

"Giving is one of the greatest joys in life, and you can be generous after you’ve become financially secure. Anyone who genuinely cares about you will understand that you are giving all that you can afford."

Episode references:

Planet Fitness: https://www.planetfitness.com

National Park Service (for free outdoor activities): https://www.nps.gov

Yoga with Adriene (free yoga resources): https://www.youtube.com/user/yogawithadriene

The Keurig website: https://www.keurig.com

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2787: Taking Back Our Dreams: Releasing the Drive for Wealth and Status by Maya Ackerman with Tiny Buddha Jul 07, 2024

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 2787:

Maya Ackerman challenges the societal obsession with wealth and status, advocating instead for pursuing dreams and passions. Her personal story illustrates the fulfillment that comes from aligning one's work with their true self, offering listeners inspiration to reclaim their own dreams and build a meaningful life.

Read along with the original article(s) here: https://tinybuddha.com/blog/taking-back-our-dreams-releasing-the-need-for-wealth-and-status/

Quotes to ponder:

"The poor man is not he who is without a cent, but he who is without a dream."

"As we strive to win this game that society wants us to play, we give up on something that matters a lot more than money and prestige. We give up on our dreams."

"It may seem intimidating at first, but if you find the courage to reclaim your dreams, they will light the way to a meaningful, fulfilling life."

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2786: Easy! 6 Steps to Become a Minimalist When You Have a Family by Rachel Jones of Nourishing Minimalism Jul 07, 2024

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 2786:

Rachel Jones shares practical advice on embracing minimalism with a family, emphasizing the importance of communication and gradual changes. By focusing on personal areas first and involving family members in the process, she provides actionable steps to simplify your home and life together.

Read along with the original article(s) here: https://nourishingminimalism.com/become-minimalist-family/

Quotes to ponder:

"Talk about what you want your family life and home to look like, ask them what they want it to look like."

"Replace the abundance of cheap items with fewer but high-quality items."

"Minimalism is merely a tool to help you live the life that you want to live."

Episode references:

30 Day Minimalism Game: https://www.theminimalists.com/game/

Project 333: https://bemorewithless.com/project-333/

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2785: Has Your Debt Been Sent to Collections? Here Are Your Options by Kumiko of The Budget Mom Jul 06, 2024

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 2785:

Kumiko from TheBudgetMom.com provides a comprehensive guide for managing debt collection. She offers practical steps to assess your financial situation, prioritize payments, and choose the best approach to settle debts. Her advice empowers readers to take control of their finances and work towards rebuilding their credit.

Read along with the original article(s) here: https://www.thebudgetmom.com/has-your-debt-been-sent-to-collections-here-are-your-options/

Quotes to ponder:

"You can’t build a successful plan to deal with debt collectors until you gather the facts about who you owe money to and how much you owe."

"Your best bet is usually to save enough money so that you can try to negotiate a debt settlement on your own."

"I know what it’s like to feel overwhelmed by debt. Yet even as a single mom with limited income, I was able to take control of my budget and start turning my financial life around."

Episode references:

Credit Karma: https://www.creditkarma.com/

Experian: https://www.experian.com/

AnnualCreditReport.com: https://www.annualcreditreport.com/index.action

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2784: How To Retire Rich Without Lighting The World On Fire by Lisa Harrison of Mad Money Monster Jul 05, 2024

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 2784:

Lisa Harrison of MadMoneyMonster.com shares how achieving financial independence doesn't require extraordinary actions. By living below your means, increasing income, eliminating debt, and practicing frugality, you can build wealth steadily and retire rich without creating the next big thing.

Read along with the original article(s) here: https://madmoneymonster.com/2018/03/26/how-to-retire-rich-without-lighting-the-world-on-fire/

Quotes to ponder:

"Stop comparing yourself to The Joneses and their new BMW. In case you weren’t aware of it, The Joneses are broke."

"You need to widen the gap between your income and expenses. And then buy assets with the difference."

"By tweaking a few areas of your life you will set yourself apart from the crowd."

Episode references:

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

The FIRE Movement Reddit: https://www.reddit.com/r/financialindependence/

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2783: Is an Annuity the Worst Investment a Young Person Can Make? by Jeff Rose of Good Financial Cents Jul 04, 2024

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 2783:

Jeff Rose explains why annuities, typically seen as suitable for older individuals, may not be the best investment for young people due to their limited growth potential and penalties for early withdrawal. While annuities might provide some benefits within a diversified portfolio, Rose emphasizes the superior advantages of Roth IRAs and 401(k)s for young investors.

Read along with the original article(s) here: https://www.goodfinancialcents.com/should-you-buy-annuity/

Quotes to ponder:

"One of the best things that my mom ever did for me as a young adult was to start an investment strategy for me."

"Why does a 24-year-old need a fixed annuity? Turns out it was a very legitimate question."

"If you’re young and don’t mind some fluctuation in your investments, it’s hard for me to make the case that an annuity makes sense."

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2782: What is Wealth? by Ashley Kipp with Get Rich Slowly on Saving Money & Personal Finance Jul 03, 2024

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 2782:

Ashley Kipp's insightful exploration of wealth challenges the conventional focus on material possessions and financial assets, urging us to recognize and appreciate the abundant, non-monetary sources of wealth in our lives. From health and home to friendships and spirit, this redefinition enriches our understanding of true prosperity and fulfillment.

Read along with the original article(s) here: https://www.getrichslowly.org/what-is-wealth/

Quotes to ponder:

"Wealth can be and is so much more than for what our basic thought process allows."

"My heart feels full. That, to me, is worth far more than anything that any sort of money can give me."

"Better to lose count while naming your blessings than to lose your blessings counting your troubles."

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2781: More Is Less - Why I'm Going On A No Buy by Helene Massicotte of Free To Pursue on Frugality Jul 02, 2024

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 2781:

Helene Massicotte shares her journey of realizing that more possessions lead to less satisfaction and appreciation. By adopting a "no buy" approach for seven months, she aims to reclaim her time, focus on meaningful activities, and find contentment in less, transforming her consumption habits and rediscovering the joy in simplicity.

Read along with the original article(s) here: http://www.freetopursue.com/blog/2018/1/28/more-is-less

Quotes to ponder:

"The reality is that, in general, the more we have: the more we want, the less we appreciate each additional belonging, and the less grateful and happy we are with what we have, both new and old."

"I started to better understand why hoarders do what they do. That emotional connection with the act of acquiring can be intoxicating and it can be a great distraction from what else we might be feeling about our lives."

"I’m hoping this 7-month 'NO BUY' will help me return to my regular lifestyle, including my baseline level of appreciation for just how lucky we are to live in constant abundance and that I don't need much of anything I don't already have to be content."

Episode references:

The Little Prince: https://www.amazon.com/Little-Prince-Antoine-Saint-Exup%C3%A9ry/dp/0156012197

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2780: Why I Like Spending Plan Better than Budget by Miranda Marquit with PT Money on Budgeting Jul 01, 2024

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 2780:

Miranda Marquit explains why she prefers the term "spending plan" over "budget" due to the negative connotations associated with restriction and limitation. By using a spending plan, she emphasizes proactive financial planning that prioritizes funding essentials while allowing flexibility and control in other spending areas, fostering a more positive and purposeful approach to managing money.

Read along with the original article(s) here: https://ptmoney.com/spending-plan-budget/

Quotes to ponder:

"Rather than thinking, 'I can’t only do this much this month,' as a budget encourages you to think, a spending plan allows you to say, 'I’m going to do this with my money.'"

"I prefer to use the phrase 'spending plan.' It seems to convey a better sense of control and purpose."

"With the budget mindset, money is always scarce. A spending plan, though, indicates that you have some sort of direction and purpose for (at least some of) your spending."

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2779: Bucket Your Money by Jesse Cramer of Best Interest on Budgeting & Personal Finance Habits Jun 30, 2024

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 2779:

An easy way to level up your finances is to bucket your money, a method that Jesse Cramer of BestInterest.blog details. By dividing your liquid net worth into different buckets based on timelines and risk levels, you can create a financial plan that is both objective and adaptable to your life goals. This approach simplifies investment decisions, ensuring that short-term needs are met with low-risk investments while long-term goals benefit from higher-risk, higher-reward assets.

Read along with the original article(s) here: https://bestinterest.blog/bucket-your-money/

Quotes to ponder:

"An easy way to level up your finances is to bucket your money."

"Short-term buckets should be invested in a low- or no-risk manner. Long-term buckets should be invested with more risk, pursuing more reward."

"Feel free to tweak your buckets. But maintain the overall idea."

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2778: How to Reprogram Your Brain for Health, Wealth, and Happiness by the NeuroGym Team of MyNeuroGym Jun 30, 2024

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 2778:

Discover how to reprogram your brain for health, wealth, and happiness with techniques like creative visualization, subliminal messages, and positive affirmations. The NeuroGym Team explains how these methods can transform your subconscious mind, helping you overcome limiting beliefs and achieve your goals.

Read along with the original article(s) here: https://blog.myneurogym.com/how-to-reprogram-your-brain

Quotes to ponder:

"Your thoughts and belief system make up the software that runs your life. The way you experience the world around you is a reflection of your inner belief system."

"Change your thoughts, and you change your destiny."

"Affirmations are proven methods of goal achievement because of their ability to rewire our brains."

Episode references:

You Can Heal Your Life: https://www.amazon.com/You-Can-Heal-Your-Life/dp/0937611018

Subliminal: How Your Unconscious Mind Rules Your Behavior: https://www.amazon.com/Subliminal-Your-Unconscious-Mind-Behavior/dp/0307472256

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2777: How My Partner Convinced Me To Retire Early by A Purple Life on FIRE Lifestyle & Financial Independence Jun 29, 2024

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 2777:

A Purple Life shares a personal journey of resistance and eventual acceptance of the FIRE (Financial Independence, Retire Early) movement, thanks to their partner's patient persuasion. Discover how a pivotal conversation and supportive insights led to a complete lifestyle transformation, aiming for retirement at 30.

Read along with the original article(s) here: https://apurplelife.com/2018/11/06/how-to-convince-your-partner-to-retire-early/

Quotes to ponder:

"Providing logic and numbers to back up your findings is great, but arguing over minute details or things that don’t matter is not very helpful."

"Chatting with my partner about what we want out of life and how we can get it was the final step to me realizing that I needed to try and retire early."

Episode references:

FIRE subreddit:https://www.reddit.com/r/financialindependence/

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2776: When to Start Working With a Financial Planner - If Ever by Kathleen Coxwell of New Retirement Jun 28, 2024

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 2776:

Working with a financial planner can significantly enhance your financial security and retirement happiness. Kathleen Coxwell discusses the key benefits, such as turning aspirations into achievable goals, creating strategic plans, and staying on track. Whether you're just starting or already managing your investments, professional advice or alternative tools can help optimize your financial future.

Read along with the original article(s) here: https://www.newretirement.com/retirement/when-to-start-working-with-a-financial-planner-if-ever/

Quotes to ponder:

"Turning your retirement aspirations into solid goals that you can achieve is easier said than done."

"A financial planner can help you feel about two times more secure about your finances compared to those who go it alone."

"Retirement calculators can be a very effective way of establishing a retirement plan."

Episode references:

Safeguard Investment Advisory Group LLC: https://safeguardinvestment.com/

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2775: [Part 2] 9 Simple Ways for Frugal People To Embrace a More Minimalist Lifestyle by Robyn of A Dime Saved Jun 27, 2024

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 2775:

Robyn from ADimeSaved.com shares practical tips for frugal individuals looking to embrace minimalism. Learn how a capsule wardrobe, digital media, and investing in experiences can save money and simplify life, while fostering a mindset of appreciation and intentional living.

Read along with the original article(s) here: https://adimesaved.com/9-simple-ways-for-frugal-people-to-embrace-a-more-minimalist-lifestyle

Quotes to ponder:

"A capsule wardrobe means buying a few quality pieces that all work with each other and fit your style."

"Shifting your thinking towards appreciating what you currently have vs. what you could have is a major move."

"Using the money saved from buying less and using less can mean more money to actually go on that yearly family vacation."

Episode references:

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2774: [Part 1] 9 Simple Ways for Frugal People To Embrace a More Minimalist Lifestyle by Robyn of A Dime Saved Jun 26, 2024

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 2774:

Robyn from ADimeSaved.com shares practical tips for embracing a minimalist lifestyle to declutter your home and mind, save money, and focus on personal happiness. By adopting a minimalist mindset, you can simplify your life and make more intentional choices about what you buy and keep.

Read along with the original article(s) here: https://adimesaved.com/9-simple-ways-for-frugal-people-to-embrace-a-more-minimalist-lifestyle

Quotes to ponder:

"Minimalism can be applied to every aspect of your life to clear all the excess."

"Less clutter opens us up to focus on other things."

"Minimalism is ultimately to improve your internal feelings and mood."

Episode references:

Becoming Minimalist: https://www.becomingminimalist.com/

The Life-Changing Magic of Tidying Up: https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308

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2773: I'll Show You Mine by Shannon McLay with Budgets Are Sexy on Personal Finance Habits & Advisors Jun 25, 2024

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 2773:

Shannon McLay shares a deeply personal account of her journey as a financial advisor, emphasizing the emotional weight of managing clients' investments. She reveals the importance of transparency and urges investors to ask advisors how they invest their own money, highlighting the necessity of trust and alignment in financial advising.

Read along with the original article(s) here: http://www.budgetsaresexy.com/one-question-to-ask-financial-advisor/

Quotes to ponder:

"I felt the weight of hers and other client’s hopes and dreams falling on my investing shoulders, and it felt like the weight of the world."

"I may be exaggerating a little, but I would want a financial advisor who lost sleep at night over my money rather than the alternative."

"Your relationship with your financial advisor is similar to that of your spouse, and if you can’t trust them and feel comfortable knowing you are on the same team together, then why get married to begin with?"

Episode references:

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2772: You Probably Have No Idea What You Want by Kevin of Financial Panther on Home Buying Advice Jun 24, 2024

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 2772:

Kevin of FinancialPanther.com shares a personal story of how his desires evolved over time, emphasizing the unpredictability of knowing what we truly want. He illustrates that life changes and our wants shift accordingly, urging flexibility and realism in our goals and aspirations.

Read along with the original article(s) here: https://financialpanther.com/you-probably-have-no-idea-what-you-want/

Quotes to ponder:

"Life is too long to think that the way you’re living right now is the way you’ll want to live forever."

"Whatever you think you want now, it’s probably going to change as you go through different life phases."

"You’ve got to stay flexible. Your life will change. And with it, the things you want will change too."

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2771: The Price of Greed by Nick Maggiulli of Of Dollars and Data on Personal Finance Habits Jun 23, 2024

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 2771:

Nick Maggiulli's exploration of "The Price of Greed" illustrates the perils of unchecked ambition through historical and modern examples, revealing how greed, often driven by a desire for status, can lead to devastating financial and personal consequences. By highlighting the stories of figures like Eli Whitney and Jesse Livermore, Maggiulli emphasizes the importance of balancing ambition with wisdom to avoid the high costs of greed.

Read along with the original article(s) here: https://ofdollarsanddata.com/the-price-of-greed/

Quotes to ponder:

"The irony is that this is a money game and money is the way we keep score. But the real object of the Game is not money, it is the playing of the Game itself."

"People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich and they aren’t."

Episode references:

12 Rules for Life by Jordan Peterson: https://www.amazon.com/12-Rules-Life-Antidote-Chaos/dp/0345816021

The Money Game by Adam Smith (George Goodman): https://www.amazon.com/Money-Game-Adam-Smith/dp/0394721039

At Home: A Short History of Private Life by Bill Bryson: https://www.amazon.com/At-Home-Short-History-Private/dp/0767919394

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2770: Why We Are All Secretly Superheroes by Jeff Goins of Goins Writer on Personal Growth & Transformation Jun 23, 2024

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 2770:

Jeff Goins reminds us of the childhood belief in our hidden superpowers and the adventure of life. He shares how embracing his true identity as a writer transformed his life and encourages us to rediscover our own purpose, stepping out from behind the mask of normalcy to fulfill our potential.

Read along with the original article(s) here: https://goinswriter.com/superhero/

Quotes to ponder:

"I’m Superman,” my son said to the man painting our house. “Oh,” the man replied and smiled. “I’m sorry, I did not recognize you.”"

"Superman does not hide behind a mask. He hides behind normalcy."

"When you believed you possessed a purpose that was bigger than your fears? When anything was possible and an adventure awaited you?"

Episode references:

Let Your Life Speak: Listening for the Voice of Vocation: https://www.amazon.com/Let-Your-Life-Speak-Listening/dp/0787947350

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2769: 8 Tips to Save Money on Groceries by Amanda Brownlow of Hello Brownlow on Reducing Food Expenses Jun 22, 2024

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 2769:

Amanda Brownlow of HelloBrownlow.com shares 8 practical tips to help you cut your grocery bills in half, especially if you're on a vegan diet. From checking your pantry and sales flyers to meal planning and setting a definite budget, Amanda's advice will help you save money and reduce food waste.

Read along with the original article(s) here: https://hellobrownlow.com/2016/04/03/8-tips-to-save-money-on-groceries/

Quotes to ponder:

"Meal planning is my mom’s secret. And her mom’s secret. This is how they both stayed sane and saved time and money when raising kids."

"Check your pantry. This should always be step one before you go shopping. You have no idea what could be lurking back there."

"We sit down at the beginning of the month and budget for every possible category. For groceries we budget $200-$250 a month and we stick to it."

Episode references:

Bountiful Baskets: https://www.bountifulbaskets.org/

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2768: Frugal by Choice by Tonya with Frugalwoods on Living Frugally & Intentional Living Jun 21, 2024

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 2768:

Tonya's journey from a mindless spender to a mindful saver is a transformative tale about the true meaning of frugality. Through personal anecdotes and reflections, she illustrates how being frugal isn't about deprivation but about making conscious choices that lead to financial stability and personal satisfaction. Tune in to learn how adopting a frugal mindset can bring a sense of empowerment and freedom in your financial life.

Read along with the original article(s) here: https://www.frugalwoods.com/2015/12/18/frugal-by-choice/

Quotes to ponder:

"One look at my old diary entries tells me that: 'I really have to get better about saving money.'"

"I went through SO much of my life completely mindless about money."

"When it comes to frugal living, I am by no means as hardcore as the Frugalwoods, but frugality is not a competition."

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2767: The Health Savings Account Strategy That Not Enough People Are Talking About by Rynda Chappell-Wilk with Financial Finesse Jun 20, 2024

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 2767:

Discover a little-known strategy for maximizing your Health Savings Account (HSA) with insights from Rynda Chappell-Wilk. Learn how to accumulate a substantial tax-free balance over the years and use it strategically during retirement to avoid higher taxes and preserve your other investments.

Read along with the original article(s) here: https://www.financialfinesse.com/2017/10/17/the-health-savings-account-strategy-that-not-enough-people-are-talking-about/

Quotes to ponder:

"Qualified HSA withdrawals do not have to be taken in the year in which the expense was incurred."

"If you max out your HSA over a period of many years, you can build up quite a nice balance of tax-free money."

"Assuming you can afford to pay your medical expenses out of pocket before you retire, accumulating funds in an HSA account can be a great option to consider!"

Episode references:

Affordable Care Act (ACA): https://www.healthcare.gov/

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2766: Financial Mission Statement: Why and How to Create One by Vicki Cook and Amy Blacklock of Women Who Money Jun 19, 2024

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 2766:

Vicki Cook and Amy Blacklock explain how a financial mission statement can help you stay focused on your financial goals despite life's distractions. By outlining your financial aspirations and the steps to achieve them, a mission statement keeps you motivated and aligned with your values.

Read along with the original article(s) here: https://womenwhomoney.com/financial-mission-statement-why-how-to-create/

Quotes to ponder:

"A personal mission statement for your money goals will serve as a constant reminder of what you want to accomplish and why it's important to you."

"Your FMS should be easy to read, memorable, and motivating."

"Remember, your statement should be motivational. You'll want everyone in your household to remain focused on the financial tasks at hand."

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2765: The Disappearance of The Middle Class by Jacob Lund Fisker of Early Retirement Extreme on Building Wealth Jun 18, 2024

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 2765:

Jacob Lund Fisker addresses the vanishing middle class, emphasizing personal financial responsibility. He argues that the middle class suffers due to poor choices in spending versus saving, highlighting that those who adopt a saver/producer mindset thrive even in tough economic times. Fisker underscores the importance of financial education and prudent resource management to prevent future economic hardships.

Read along with the original article(s) here: http://earlyretirementextreme.com/the-disapperance-of-the-middle-class.html

Quotes to ponder:

"The middle class needs to start by taking a very serious look at itself, because all the problems that the middle class is undergoing could have been prevented by making different choices."

"It’s curious to me how people don’t want to ‘sacrifice’ yet are perfectly happy to ‘struggle’. My goal is tranquility. Not instant gratification."

"We have a long way to go, but until we actually go, this problem will keep repeating itself over and over getting increasingly worse as long as people are blaming everyone but themselves."

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2764: Why Hardcore Saving is Much More Powerful than Masterful Investing by Mr Money Mustache on Frugality Jun 17, 2024

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 2764:

Mr. Money Mustache explains why focusing on hardcore saving can be more impactful than striving for masterful investing. He emphasizes that while achieving exceptional investment returns is rare and unpredictable, consistently saving a significant portion of your income guarantees substantial financial growth and security.

Read along with the original article(s) here: https://www.mrmoneymustache.com/2011/04/26/why-hardcore-saving-is-much-more-powerful-than-masterful-investing/

Quotes to ponder:

"By concentrating on SAVING rather than minute details of investing, you are stacking the odds in your favor while also freeing up time for the real deal - maximizing your fun in a cash-efficient way."

"When it comes to investing, I’ve put a much bigger focus on how much I’m investing rather than the return on those investments."

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2763: The Lies We Tell Ourselves About Ownership AND How Minimalism Has Made Me Rich by Karen Trefzger of Maximum Gratitude Minimal Stuff Jun 16, 2024

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 2763:

Karen Trefzger delves into the fallacies of ownership in "The Lies We Tell Ourselves About Ownership," challenging the notion that acquiring items brings fulfillment or improves self-worth. She explores the hidden costs and responsibilities that come with possessions, illustrating through personal anecdotes that happiness and success are not commodities one can own. Her insights encourage a minimalist approach to personal finances and possessions, prompting reflection on the true value and impact of our buying choices.

Read along with the original article(s) here: https://www.maximumgratitudeminimalstuff.com/2024/04/the-lies-we-tell-ourselves-about-ownership.html & https://www.maximumgratitudeminimalstuff.com/2024/04/how-minimalism-has-made-me-rich.html

Quotes to ponder:

"Ownership begins with payment. You sign a contract or a loan document, swipe a credit card, or hand over your hard-earned cash. After a very short 'I got it! It's mine!' high, you get used to having whatever-it-is and it's no longer quite so exciting."

"You aren't your stuff and it will never make you more lovable. Give people a chance to love you for you."

"The only truth about ownership is that if you own something, it's yours to pay for and take care of. It doesn't solve your problems or change you into something you're not."

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2762: Are You Not Living the Life Everyone Thinks You Should by Kristena Eden of Core Living Essentials Jun 16, 2024

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 2762:

Kristena Eden of Core Living Essentials implores us to break free from living up to others' expectations and instead embark on a personal journey of self-discovery. Her powerful insights encourage us to question whose life we're truly living and offer practical steps to reclaim our authenticity through introspection and embracing our unique paths.

Read along with the original article(s) here: https://corelivingessentials.com/are-you-not-living-the-life-everyone-thinks-you-should/

Quotes to ponder:

"Life can drain the happiness, motivation, and joy out of us."

"The question we should start with is: are we trying too hard to live their ideal and not our own true path?"

"To stop that cycle, start with the question: whose life am I living?"

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2761: Hidden 401K Fees No One Talks About by Logan Allec with Saving Joyfully on Saving for Retirement Jun 15, 2024

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 2761:

Discover the surprising costs of your 401(k) in Logan Allec's exploration of the often overlooked fees draining your retirement savings. Allec illuminates hidden charges like 12b-1 fees, administration costs, and transaction fees, offering crucial advice on how to minimize their impact and maximize your future funds.

Read along with the original article(s) here: https://savingjoyfully.com/blog/hidden-401k-fees-no-one-talks-about

Quotes to ponder:

"Your 401(k) may be charging you for a variety of things that you’re not aware of depending on how you use the account."

"While some 401(k) providers don’t charge fees, the vast majority do, and you may be surprised when you realize how much of your contributions are covering these costs rather than your retirement."

"12b-1 fees are legally limited to 1% of your total assets, but a single percent can have a substantial impact on your retirement savings."

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2760: The Simple 1-4-4 Rule We Use To Grow Our Wealth to Staggering Levels by Lisa Harrison of Mad Money Monster Jun 14, 2024

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 2760:

Lisa Harrison of MadMoneyMonster.com reveals the simple yet potent "1-4-4 Rule" that has been crucial in growing her family's wealth. This easy-to-follow strategy involves setting and accomplishing one financial goal per season, allowing for both small victories and significant progress towards financial freedom.

Read along with the original article(s) here: https://madmoneymonster.com/2017/09/29/the-1-4-4-rule-we-use-to-grow-our-wealth-to-hopefully-staggering-levels/

Quotes to ponder:

"The absolute BEST thing we ever did to help us reach our goals is track our net worth."

"Simply stated, the 1-4-4 rule is as follows: 1 = A Single Year, 4 = Winter, Spring, Summer, Fall, 4 = 1 goal per season."

"With everything we have going on in our lives, coming up with a detailed road map for financial tasks can seem tedious, at best."

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2759: Saving Is Hard - But That Doesn’t Mean You Shouldn’t Do It by Chelsea Brennan of Smart Money Mamas Jun 13, 2024

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 2759:

Explore the art of balancing today's desires with tomorrow's needs in Chelsea Brennan’s enlightening discussion on personal finance. In a candid conversation with her mom, Chelsea delves into the challenges of saving versus spending, providing a narrative that connects the dilemma of short-term satisfaction to long-term security. Discover actionable insights and relatable experiences that will guide you in managing your financial future wisely.

Read along with the original article(s) here: https://smartmoneymamas.com/saving-is-hard-but-that-doesnt-mean-you-shouldnt-do-it/

Quotes to ponder:

"The average Social Security check last year was $1,360 a month. Take a moment and imagine yourself at 65 or 70, trying to live off $1,360 a month."

"You remember what life could look like if you ignore the future for too long. You protect that future version of yourself first, within reason, and then you take advantage of our endless ability to adapt as humans by living happily on what's left."

"How do you balance spending for happiness today with saving for the future?"

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2758: Are Automatic Payments All They’re Cracked Up to Be? by April Dykman of Get Rich Slowly on Personal Finances Jun 12, 2024

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 2758:

April Dykman explores the pros and cons of automatic payments in her article for GetRichSlowly.org, revealing the hidden pitfalls of setting payments on autopilot. Through personal anecdotes and expert insights, she argues that while autopay offers convenience, it may also relinquish control over financial outgoings, leading to unexpected charges and financial mismanagement.

Read along with the original article(s) here: https://www.getrichslowly.org/are-automatic-payments-worthwhile/

Quotes to ponder:

"Autopay is great because it's convenient, requiring no action on our part to avoid late payment fees."

"Autopay can be too automatic, it puts control into the hands of the debtor because they can go into your account."

"Personally, I recommend going with online bill payment, but not autopay. Autopay puts control in hands of debtors, but with online bill pay, you're in control."

Episode references:

Robert Long: https://www.kiplinger.com/author/robert-long

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2757: Becoming a Millionaire Is a Letdown by Chris Reining on Personal Finance Goals & Financial Freedom Jun 11, 2024

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 2757:

Chris Reining explores the surprisingly anticlimactic reality of becoming a millionaire and the profound life lessons learned along the way. Through personal anecdotes and financial insights, he uncovers the true value of financial freedom - less about the money and more about the autonomy to live life on one's terms.

Read along with the original article(s) here: https://chrisreining.com/becoming-a-millionaire/

Quotes to ponder:

"You might think when your account rolls over to seven digits that fireworks light up the sky. I can tell you that doesn't happen."

"The financial milestone that really mattered to me was making my first $1,000 from investing."

"Money is infinite. But time is finite."

Episode references:

FIRECalc: https://www.firecalc.com/

Death Calculator: https://www.ssa.gov/

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2756: [Part 2] 10 Ways To Invest Without The Stock Market by Kalen Bruce of Freedom Sprout on Real Estate Jun 10, 2024

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 2756:

Kalen Bruce explores ten diverse investment options beyond the traditional stock market in "10 Ways to Invest Without the Stock Market," revealing alternatives like real estate, bonds, and more unusual avenues like collectibles and wine. These methods cater to different risk profiles and personal interests, offering insights for those seeking to diversify their investment strategies.

Read along with the original article(s) here: https://freedomsprout.com/invest-without-the-stock-market/

Quotes to ponder:

"20% of small businesses fail in their first year, 30% of small business fail in their second year, and 50% of small businesses fail after five years in business. Finally, 70% of small business owners fail in their 10th year in business."

"When you invest in bonds you’re investing in debt. That may not sound pretty, but it’s a legitimate investment."

"Everyone has to live somewhere. You can invest in rental properties that will produce an income, or you can buy raw land in hopes that it will increase in value."

Episode references:

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

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2755: [Part 1] 10 Ways To Invest Without The Stock Market by Kalen Bruce of Freedom Sprout on Alternative Investments Jun 09, 2024

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 2755:

Explore the diverse world of investments beyond the stock market with insights from Kalen Bruce of FreedomSprout.com. This episode unpacks unconventional investment options that offer security and growth, proving that true financial diversity spans across various asset classes.

Read along with the original article(s) here: https://freedomsprout.com/invest-without-the-stock-market/

Quotes to ponder:

"The US dollar is economically weak, but politically and realistically strong - a weird combination, but it’s true."

"Focus on the future productivity of the asset you are considering. If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on."

"With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations."

Episode references:

Berkshire Hathaway's official letters archive: https://www.berkshirehathaway.com/letters/letters.html

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2754: Stress and Weight Gain: Understanding the Connection by Sara Lindberg with Healthline on Healthy Living Jun 09, 2024

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 2754:

Explore how stress influences weight gain in Sara Lindberg’s enlightening piece on Healthline.com. Lindberg delves into the physiological processes that link stress to increased abdominal fat, underlining why managing stress is crucial not only for weight control but for overall health. Discover practical tips and expert advice on combating stress-related weight gain effectively.

Read along with the original article(s) here: https://www.healthline.com/health/stress/stress-and-weight-gain

Quotes to ponder:

"Stress can have a noticeable effect on your body, from tight muscles and headaches to feeling irritated, overwhelmed, and out of control."

"Your body responds to stress by increasing levels of cortisol, which gets the body ready to 'fight or flee'."

"This is why so many people respond to stress by going for comfort food."

Episode references:

American Psychological Association (APA): https://www.apa.org/

TED Talk by Dr. Kelly McGonigal: https://www.youtube.com/watch?v=RcGyVTAoXEU

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2753: 3 Debts You Should Eliminate Before Retirement by Kumiko of The Budget Mom on Debt-Free Living Jun 08, 2024

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 2753:

Kumiko from TheBudgetMom.com outlines crucial advice on eliminating unsecured debt, student loans, and mortgages before retirement to secure a financially stable future. By proactively addressing these debts, you can enjoy your retirement with peace of mind and freedom from financial burdens.

Read along with the original article(s) here: https://www.thebudgetmom.com/3-debts-you-should-eliminate-before-retirement/

Quotes to ponder:

"The simple truth is, you can't afford to have a majority of your income eaten up by debt payments."

"If you have a credit card with a $5,000 balance with 18% interest, it will take you roughly 84 months to pay it off."

"It's critical to take steps to ensure you have an effective debt management strategy in place and to take early action steps to eliminate debt before you retire."

Episode references:

Federal Student Aid - Income-Driven Repayment Plans: https://studentaid.gov/manage-loans/repayment/plans/income-driven

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2752: Open a 529 Plan With These 6 Simple Steps by Caitlin See with Student Loan Planner on College Expenses Jun 07, 2024

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 2752:

Explore the essential steps for opening a 529 college savings plan, guided by Caitlin See from StudentLoanPlanner.com. Discover the advantages of different state plans, tax benefits, and investment options to tailor a plan that best suits your family's educational and financial goals.

Read along with the original article(s) here: https://www.studentloanplanner.com/how-to-open-529-plan/

Quotes to ponder:

"Each state offers its own 529 plan, with the exception of Wyoming. But that doesn’t mean you’re limited to choosing your own state’s plan."

"Age-based portfolios are the most common 529 plan investment option because they take the guesswork out of investing."

"Depending on where you live, you’ll need to determine if you’re required to use a 529 plan specific to your state in order to claim its tax benefit."

Episode references:

College Savings Plans Network: https://www.collegesavings.org/

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2751: 7 Ways to Tame Financial Stress for a Wealthier Future by Kathleen Coxwell of New Retirement Jun 06, 2024

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 2751:

Discover effective strategies to transform financial stress into a proactive force in "7 Ways to Tame Financial Stress for a Wealthier Future" by Kathleen Coxwell. Learn how understanding stress responses, changing perceptions, and engaging in strategic financial planning can empower you to secure a more prosperous future.

Read along with the original article(s) here: https://www.newretirement.com/retirement/retirement-stress-2/

Quotes to ponder:

"Understand that Avoidance is an Evolutionary Reaction to Threats, but Not Effective for Financial Stress."

"Your mindset can actually impact how stress impacts you."

"When you choose to connect with others under stress, you can create resilience."

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2750: The Four Pitfalls of Financial Planning by Lisa Whitley with Women Who Money on Personal Finance Jun 05, 2024

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 2750:

In "The Four Pitfalls of Financial Planning," Lisa Whitley illustrates crucial missteps in effective financial planning, from ignoring underlying issues to overlooking personal habits that derail financial goals. She urges a holistic, well-rounded approach to planning that accounts for personal risks and life’s unpredictabilities to safeguard future financial security.

Read along with the original article(s) here: https://womenwhomoney.com/financial-planning-pitfalls/

Quotes to ponder:

"If you don’t know where you are going, you’ll end up someplace else."

"It is disturbingly common in personal finance to conflate a specific tactic with an actual, enduring answer to a financial problem."

"A plan is rarely, if ever, perfect. Still, the wrong strategy can leave you someplace you don’t want to be."

Episode references:

Social Security Administration: https://www.ssa.gov/

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2749: Stocks - Part V: Keeping It Simple, Considerations And Tools by JL Collins on Investment Advice Jun 04, 2024

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 2749:

JL Collins elucidates the power of simplicity in investment strategies in "Stocks - Part V: Keeping It Simple, Considerations and Tools." He advises against complex investments which often incur high costs with lower returns, advocating for index funds as a simpler, more efficient method. Collins emphasizes the importance of understanding one's investment phase and risk tolerance to craft a personal investment plan that promises stability and growth over time.

Read along with the original article(s) here: https://jlcollinsnh.com/2012/05/09/stocks-part-v-keeping-it-simple-considerations-and-tools/

Quotes to ponder:

"Simple is good. Simple is easier. Simple is more profitable."

"The more complex an investment the less likely it is to be profitable."

"Nothing money can buy is more important than your fiscal freedom."

Episode references:

Vanguard Total Stock Market Index Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax

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2748: House Rich and Cash Poor by Mike Ballew of EggStack on Building Wealth for Retirement Jun 03, 2024

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 2748:

Mike Ballew of EggStack.com explores the dilemma of being "house rich and cash poor," a situation where homeowners have significant equity locked in their property but lack sufficient liquid assets for a comfortable retirement. He discusses potential solutions like downsizing, reverse mortgages, and turning a home into an investment property, providing insights into the advantages and drawbacks of each approach.

Read along with the original article(s) here: https://eggstack.com/blog/2021-06-27-House-Rich-and-Cash-Poor/

Quotes to ponder:

"Owning a home is an important part of wealth-building and a cornerstone of The American Dream, but as we age, it can feel like an albatross."

"Downsizing to a smaller home has many advantages, including reduced utility bills and property taxes, making it an appealing option for retirees needing less space."

"The primary disadvantage of a reverse mortgage is that you are essentially married to your home, as in until death do us part."

Episode references:

How Does a Reverse Mortgage Work: https://dfi.wa.gov/homeownership/reverse-mortgages

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2747: Losing More Than a Bet by Nick Maggiulli of Of Dollars and Data on Gambling & Personal Finance Habits Jun 02, 2024

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 2747:

Nick Maggiulli's moving piece, "Losing More Than a Bet," delves into the poignant intersection of family, loss, and the perilous lure of gambling, inspired by the death of his grandfather. By reflecting on his grandfather's gambling addiction and its personal impacts, Maggiulli offers profound insights into the complexities of addiction, the deceptive allure of easy money, and the deep familial bonds that shape our understanding of risk and reward.

Read along with the original article(s) here: https://ofdollarsanddata.com/losing-more-than-a-bet/

Quotes to ponder:

"What goes up a chimney down, but not down a chimney up? An umbrella."

"Money won is twice as sweet as money earned."

"The cycle continues. Another loss. Another justification. Another gamble."

Episode references:

North American Foundation for Gambling Addiction Help: https://nafgah.org/

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2746: The Story of Your Life: Rewriting Your Script by Emma Scheib of Simple Slow Lovely on Personal Growth Jun 02, 2024

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 2746:

Emma Scheib's piece "The Story of Your Life: Rewriting Your Script" from Simple Slow Lovely dives deep into the concept of self-directed life changes by confronting our inner critic. She narrates her personal journey of identifying and dismissing the critical internal voices that dictated her life choices, showcasing a path towards embracing a simplified, intentional life that truly reflects one's aspirations and values.

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2745: [Part 2] The Five Types of People You’ll Meet on Your Way to FI by FIRECracker of Millennial Revolution Jun 01, 2024

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 2745:

Delve into the elusive world of the "Closeted FIRER" with FIRECracker's insightful article from Millennial Revolution. Discover the hidden lives of those secretly planning their financial independence and early retirement (FIRE) and explore how their undercover efforts impact both professional life and personal growth.

Read along with the original article(s) here: https://www.millennial-revolution.com/build/five-types-people-youll-meet-way-fi/

Quotes to ponder:

"The Closeted FIRER knows what SWR stands for, they can discuss in detail the subtleties of the 4% rule, they can rattle off their favourite low-cost Index ETFs. But they don’t, because they don’t want to admit that they’re also trying to jump ship from their job too."

Episode references:

Quit Like a Millionaire: https://www.amazon.com/Quit-Like-Millionaire-Practical-Wealthy/dp/0525538690

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2744: [Part 1] The Five Types of People You’ll Meet on Your Way to FI by FIRECracker of Millennial Revolution May 31, 2024

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 2744:

Explore the emotional rollercoaster of reaching milestones in personal growth through FIRECracker’s article on her experiences with publishing and early retirement. As she navigates the reactions of friends and the types of people encountered on her journey to financial independence, listeners gain insights into the complex social dynamics of success and ambition.

Read along with the original article(s) here: https://www.millennial-revolution.com/build/five-types-people-youll-meet-way-fi/

Quotes to ponder:

"Most people don’t want you to succeed."

"The Frenemy pats you on the back with one hand, while secretly gut-punching you with the other."

"The Hypocrite thinks you got lucky and don’t truly deserve your success."

Episode references:

Overview of FI Chautauqua UK: https://www.fichautauqua.com/overview-805691.html

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2743: 3 Easy Steps in Paying for College Financing Priorities by Miranda Marquit of Good Financial Cents May 30, 2024

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 2743:

Miranda Marquit of GoodFinancialCents.com presents three actionable steps for financing your college education effectively. This guide explores options from scholarships and grants to federal and private student loans, helping students navigate the complexities of funding higher education amidst rising costs.

Read along with the original article(s) here: https://www.goodfinancialcents.com/paying-for-college-financing-priorities/

Quotes to ponder:

"Your first efforts should be geared toward getting free money to help you pay for college."

"Before you go to a bank, it might be worth it to check the terms you can get with peer-to-peer lending."

"Finding financing for college isn’t always easy and it can be expensive."

Episode references:

FastWeb: https://www.fastweb.com/

Tuition U: https://planning.colleging.com/cu/tuition-u-direct

FAFSA - Free Application for Federal Student Aid: https://studentaid.gov/h/apply-for-aid/fafsa

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2742: 5 Myths That Encourage Excess Spending by Dori Cameron with Becoming Minimalist on Intentional Living May 29, 2024

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 2742:

Dori Cameron explores common misconceptions that lead to unnecessary spending in "5 Myths That Result in Excess Spending." By debunking myths such as the beliefs that items can always be returned, sold, or donated, Cameron encourages readers to reconsider the true cost and value of purchases, advocating for more mindful consumption habits to save time, money, and space.

Read along with the original article(s) here: https://www.becomingminimalist.com/myths-that-cause-overspending/

Quotes to ponder:

"When you have that George Foreman grill in your hands, it seems like a great idea."

"A rule of thumb when making a purchase is to assume it has no resale value."

"Is there a better way to give back to others or your community than dropping off used goods at a thrift store?"

Episode references:

Beyond Belongings Blog: https://beyondbelongings.wordpress.com/

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2741: How to Increase Willpower and Stay on Track Financially by Emily Guy Birken with PT Money May 28, 2024

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 2741:

Discover proven strategies to enhance your willpower in this insightful exploration of self-discipline and personal growth. Uncover practical tips and psychological insights that can help you build lasting habits, resist temptations, and achieve your personal and professional goals.

Read along with the original article(s) here: https://ptmoney.com/how-to-increase-willpower/

Quotes to ponder:

"Willpower is not just a skill but a daily practice that involves both mindset and action."

"Understanding the psychological aspects of self-control can transform your approach to challenges."

"Every step taken in discipline strengthens your ability to navigate life's temptations."

Episode references:

Willpower by John Tierney: https://www.amazon.com/Willpower-Rediscovering-Greatest-Human-Strength/dp/0143122231

Stanford marshmallow experiment: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment

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2740: Own Less; Travel More by Lauren Keys of Trip Of A Lifestyle on Minimalism & Financial Independence May 27, 2024

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 2740:

In "Own Less; Travel More," Lauren Keys of TripOfALifestyle.com shares her personal insights on how minimizing possessions can maximize freedom, particularly when moving. She argues that reducing clutter not only eases physical and mental burdens but also enhances the ability to embrace opportunities, travel, and improve financial stability.

Read along with the original article(s) here: https://www.tripofalifestyle.com/perspective/own-less-travel-more/

Quotes to ponder:

"By selling, donating, or just tossing out the items we don’t absolutely have to take with us, we’ve ended up with about half of the amount of stuff to move."

"I’m not saying to give up the things you love, but I do want to challenge you to give your home a good Marie Kondo-ing and ask yourself not only whether your possessions spark joy, but also whether they’re worth what you might be giving up to own them."

"Reducing clutter increases freedom."

Episode references:

Marie Kondo’s website: https://konmari.com/

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2739: How I Wasted Over $13,000 Refinancing My Mortgage by Andy Hill of Marriage Kids and Money May 26, 2024

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 2739:

Andy Hill reflects on the costly mistakes he made with his mortgage, highlighting the pitfalls of refinancing without fully understanding the terms and the impact of market conditions. His candid recounting offers valuable lessons on mortgage management and financial decision-making, making it a must-listen for homeowners and financial enthusiasts.

Read along with the original article(s) here: https://marriagekidsandmoney.com/how-i-wasted-over-13000-refinancing-my-mortgage

Quotes to ponder:

"Don’t buy something you don’t understand, especially a mortgage product."

"I didn’t believe it would last. I thought it was too good to be true."

"Listen to your wife. She’s smart."

Episode references:

LendingTree: https://www.lendingtree.com/

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2738: How To Not Be Victimized By Empty Nest. Letting Go With Intention by Dr. Margaret Rutherford May 26, 2024

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 2738:

Dr. Margaret Rutherford guides us through the emotional terrain of an empty nest in her insightful article. She shares her personal journey and practical advice on embracing this life transition with intentionality and grace, providing an empowering perspective for parents facing similar changes.

Read along with the original article(s) here: https://drmargaretrutherford.com/how-to-not-be-victimized-by-empty-nest-letting-go-with-intention/

Quotes to ponder:

"Only your prominence in your child’s life changes. Not your significance."

"You’re not a victim. You’re sad."

"Intention gives you back a sense of control."

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2737: How to Avoid Early Retirement Failure by Jillian Johnsrud on Financial Independence & FIRE May 25, 2024

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 2737:

Jillian Johnsrud offers a refreshing analogy in "How to Avoid Early Retirement Failure," comparing life to a garden where each aspect, like work or hobbies, needs balanced nurturing. She emphasizes strategic planning for financial independence, suggesting a measured approach with pruning work commitments and integrating mini-retirements to ensure a flourishing life beyond work.

Read along with the original article(s) here: https://www.jillianjohnsrud.com/how-to-avoid-early-retirement-failure/

Quotes to ponder:

"Life is more like a garden box. We have a finite amount of time and space to grow what matters to us."

"The work plant becomes invasive, crowding out the smaller plants. It's like mint in an herb garden; left unchecked, it will take over."

"Mini-retirements are like a test run. They allow you to practice your ideal FI lifestyle, filling up your garden with new things."

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2736: 5 Things Every Frugal Person Should Spend Money On by Lisa Harrison of Mad Money Monster May 24, 2024

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 2736:

Lisa Harrison of MadMoneyMonster.com encourages the frugal to selectively invest in essentials that enhance life quality without compromising financial goals. She outlines five critical areas where spending smartly can significantly benefit one's health, education, nutrition, living environment, and personal experiences, ensuring a fulfilling yet financially sound lifestyle.

Read along with the original article(s) here: https://madmoneymonster.com/2018/04/06/5-things-every-frugal-person-should-spend-money-on/

Quotes to ponder:

"Frugality is a major component of our overall plan to achieve financial independence and give ourselves the OPTION to retire early."

"Anyone who has dealt with major health issues or had a big scare can tell you that the quality of your health can have a tremendous impact on your mood and outlook."

"Spending money on experiences makes us happier than spending money on STUFF."

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2735: Why You Should Totally Spend on Wants by Chris of Keep Thrifty on Intentional Living & Mindfulness May 23, 2024

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 2735:

Discover the refreshing perspective Chris of KeepThrifty.com offers on personal finance by redefining the concept of wants. Learn why aligning your spending with your values rather than cutting out wants can actually lead to more meaningful and fulfilled living. This episode unpacks how prioritizing values-based wants can transform your financial habits and enhance your overall quality of life.

Read along with the original article(s) here: https://www.keepthrifty.com/spend-on-wants/

Quotes to ponder:

"It’s not having what you want. It’s wanting what you’ve got." -Sheryl Crow

"Money is a tool. A tool that is meant to be exchanged for things that are of value."

"Once we were able to look at our spending at a high level, we quickly saw that we had more than enough to spend on our wants - at least the wants that really added value to our lives."

Episode references:

The Hope Effect: https://www.hopeeffect.com/

World Vision: https://www.worldvision.org/

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2734: Weird Ways Our Brains Control Our Money Habits by Kristin Wong of Get Rich Slowly on Building Wealth May 22, 2024

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 2734:

Explore how our quirky brains influence our financial decisions in Kristin Wong's enlightening piece. Delve into the psychological triggers behind spending habits, and learn about the strange ways our environment and even the condition of our money can impact our financial behaviors. Gain useful insights to help you harness this knowledge for better financial management.

Read along with the original article(s) here: https://www.getrichslowly.org/weird-ways-our-brains-control-our-money-habits/

Quotes to ponder:

"If you speak a language that doesn’t distinguish strongly between the present and the future, you save a lot more because the future feels closer. If you speak a language that separates present and future events, the future feels more distant, which makes it harder to do things to care for your future self like save money, exercise, and eat better."

"In experiments the authors found that people in a cluttered room were more likely to pay higher prices for products, such as a TV or movie tickets, compared with people in an organized room."

Episode references:

Keith Chen's exploration of how language affects savings behavior is well captured in his TED Talk: https://www.youtube.com/watch?v=lw3YTbubyjI

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2733: 4 Ways To Take The Ego Out of Money Decisions by Mindy Crary with Tiny Buddha on Personal Finance May 21, 2024

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 2733:

Discover how to detach ego from your financial decisions with insights from the latest article by Tiny Buddha. Learn practical strategies to make money choices more mindfully and less emotionally, which can lead to greater happiness and financial peace.

Read along with the original article(s) here: https://tinybuddha.com/blog/the-top-4-ways-to-take-the-ego-out-of-money-decisions/

Quotes to ponder:

"Money often triggers our deepest insecurities, leading us to make decisions that might not align with our true needs."

"When we detach our self-worth from our net worth, we open ourselves up to making decisions that are not only smarter but also healthier."

"Recognizing that our ego often speaks first and loudest in matters of money can be the first step towards changing our financial narrative."

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2732: [Part 2] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet May 20, 2024

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 2732:

Darrow Kirkpatrick’s "Running Low in Retirement: Income Strategies - Part 2" explores the viability of reverse mortgages for retirees seeking to enhance their income. Kirkpatrick articulates the complexities and potential downsides of reverse mortgages, including substantial fees and the risk of losing one's home. However, for those "house poor" with substantial home equity but limited cash flow, this financial tool offers a critical income stream to maintain their lifestyle in retirement.

Read along with the original article(s) here: https://www.caniretireyet.com/running-low-in-retirement-income-strategies/

Quotes to ponder:

"Reverse mortgages could be a lifesaver for retirees low on income, providing a stream of cash but at a high cost."

"Government insurance protects you if the bank has problems, ensuring you'll never owe more than your home's value."

"Used for long-term planning rather than emergencies, reverse mortgages are likely to become a major tool for many Americans."

Episode references:

The Mortgage Professor: https://www.mortgageretirementprofessor.com/homepage/

National Reverse Mortgage Lenders Association (NRMLA): https://www.nrmlaonline.org/

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2731: [Part 1] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet May 19, 2024

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 2731:

Explore vital strategies for securing a stable retirement income with Darrow Kirkpatrick as he delves into methods beyond the traditional work paradigm. Learn how to utilize annuities and other assets effectively to safeguard your financial independence in the later years, ensuring peace of mind amidst the uncertainties of retirement.

Read along with the original article(s) here: https://www.caniretireyet.com/running-low-in-retirement-income-strategies/

Quotes to ponder:

"Running out of money before you run out of life. It’s the biggest fear many retirees face."

"To be realistic, a retirement backup plan needs to be entirely under your control."

"When you purchase an annuity, you can usually increase your effective investment income yield by several percentage points, depending on your age."

Episode references:

ImmediateAnnuities.com: https://www.immediateannuities.com/

Vanguard’s Intermediate-Term Bond Index Fund (VBIIX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vbiix

Improving Retirement Income Efficiency Using Reverse Mortgages" by Wade Pfau, Retirement Researcher: https://retirementresearcher.com/improving-retirement-income-efficiency-using-reverse-mortgages/

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2730: Chewing Your Food: Is 32 Really the Magic Number by Erica Cirino with Healthline on Eating Healthy May 19, 2024

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 2730:

Discover how optimizing your chewing can transform your eating experience and enhance digestion. Erica Cirino of Healthline.com explores the "32 chews" rule, detailing how it aids nutrient absorption, reduces food intake, and can help prevent digestive problems. The article provides actionable insights into the simple act of chewing to improve overall health.

Read along with the original article(s) here: https://www.healthline.com/health/how-many-times-should-you-chew-your-food

Quotes to ponder:

"When you chew your food, it gets broken down into smaller pieces which are easier to digest. When mixed with saliva, chewing allows your body to extract the greatest possible amount of nutrients from the food you eat."

"Chewing your food many times at a slower pace can reduce your overall food intake."

"Experts found that chewing almonds between 25 and 40 times not only suppressed hunger but also increased people’s ability to absorb nutrients from the almonds."

Episode references:

Healthline.com: https://www.healthline.com/

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2729: Money is Fungible by Jeremy Jacobson of Go Curry Cracker on Building Wealth & Retirement May 18, 2024

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 2729:

Jeremy Jacobson delves into the versatility and everyday impact of money's fungibility in his enlightening article "Money is Fungible." He explores the practical implications of money's interchangeable nature through relatable scenarios ranging from handling coins to managing finances for early retirement. Jacobson's insights help simplify complex financial decisions, reinforcing the principle that every dollar holds the same value.

Read along with the original article(s) here: https://www.gocurrycracker.com/money-is-fungible/

Quotes to ponder:

"Money is fungible, meaning no dollar is unique or special and they are all fully interchangeable."

"A dollar is a dollar if you ignore the social ramifications."

"I’d pay off the credit card debt with the emergency fund. Should an emergency arise before replenishing the savings, the zero-balance credit card IS the emergency fund."

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2728: Does Your Retirement Need a Plan B? by Kathleen Coxwell of New Retirement on Reverse Mortgage May 17, 2024

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 2728:

Explore how to safeguard your retirement against uncertainties with Kathleen Coxwell’s insights on NewRetirement.com. Discover why a robust Plan B, possibly your own home equity, could be the key to a worry-free retirement. Learn from financial experts about effective fallback strategies, including reverse mortgages, to ensure financial stability no matter what life throws your way.

Read along with the original article(s) here: https://www.newretirement.com/retirement/does-your-retirement-need-a-plan-b/

Quotes to ponder:

"A good retirement plan involves sufficient savings, strategies for spending, drawing from IRAs, taxation and health care. But there also needs to be a contingency plan, just in case the initial plan you set forth goes awry."

"Having a Plan B is all about securing an income stream to sustain you in retirement. And while payments through Social Security, pensions or products like annuities can offer guaranteed protection, so can tapping home equity."

"It’s a good thing to have that reverse mortgage line of credit open. It’s there if you need it, and it makes a lot of sense to have that credit line open for emergencies as a Plan B that’s waiting in the wings."

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2727: Every Once In A While, We’re Less Frugal by Liz of Frugalwoods on Frugality & Saving Money May 16, 2024

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 2727:

Discover Liz's fresh perspective on balancing frugality and practicality in her latest article on Frugalwoods.com. Liz shares a candid look at why she chooses disposable diapers over cloth for Babywoods, despite their frugal lifestyle. This reflective piece explores the broader implications of knowing and respecting personal limits, making it a must-read for anyone seeking a sustainable approach to frugal living.

Read along with the original article(s) here: https://www.frugalwoods.com/2016/02/01/every-once-in-awhile-were-less-frugal/

Quotes to ponder:

"Knowing our limits is a crucial element of our successful and joyful frugal existence."

"In order to be a (relatively) peaceful, sane person I need time, space, and wine - I mean yoga."

"Living a luxuriously frugal life is all about knowing what you can frugalize happily and what will make you downright frustrated to frugalize."

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2726: What’s Probably Missing From Your Financial Plan by Erik Carter of Financial Finesse May 15, 2024

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 2726:

Erik Carter of FinancialFinesse.com explains often overlooked aspects of financial planning, beyond the basics of debt, savings, and retirement. He highlights critical but commonly neglected areas such as life insurance, investment diversification, umbrella liability insurance, long-term care insurance, and estate planning, illustrating how being proactive in these areas can safeguard your financial future.

Read along with the original article(s) here: https://www.financialfinesse.com/2013/02/21/whats-probably-missing-from-your-financial-plan/

Quotes to ponder:

"Too often, people just have whatever their employer provides to them, which is usually equal to their salary. The bad news is that if you need to provide income to dependents, this won’t be enough."

"One of the biggest investment mistakes I see is having too much in company stock."

"Just as we don’t like to think about death, we don’t like to think about having to spend time in a nursing home someday. But if we live until age 65, the odds are more likely than not of needing long-term care at some point in our lives."

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2725: Cognitive Bias by The Mad Fientist on Financial Investments & Investing Risk vs. Reward May 14, 2024

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 2725:

Explore the profound impact of cognitive biases on our decision-making processes, especially in high-stakes scenarios like financial investments. This episode, inspired by a Mad Fientist article, delves into everyday examples and psychological experiments that reveal our subconscious preferences for risk over certainty, influenced by how choices are framed.

Read along with the original article(s) here: https://www.madfientist.com/cognitive-bias/

Quotes to ponder:

"If the problem is framed as a loss, as it is in the island #1 scenario, we become risk-seeking."

"Your brain is useful when setting up an investment plan but it’s not useful when you execute that plan."

Episode references:

The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

Predictably Irrational by Dan Ariely: https://www.amazon.com/Predictably-Irrational-Revised-Expanded-Decisions/dp/0061353248

You Are Not So Smart by David McRaney: https://www.amazon.com/You-Are-Not-So-Smart/dp/1592407366

Thinking, Fast and Slow by Daniel Kahneman: https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555

Sources of Power: How People Make Decisions by Gary Klein: https://www.amazon.com/Sources-Power-People-Make-Decisions/dp/0262611465

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2724: The First $100,000 Is The Hardest by J. Money of Budgets Are Sexy on Building Wealth & Investing May 13, 2024

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 2724:

J. Money shares his journey and insights on achieving the first $100,000 in net worth, a pivotal financial milestone. He emphasizes the overhaul of mindset and financial habits necessary to reach this goal and how this foundation sets the stage for further financial successes. Highlighting the importance of patience and perseverance, this episode provides actionable advice for anyone looking to improve their financial situation.

Read along with the original article(s) here: https://www.budgetsaresexy.com/the-first-100-thousand-is-the-hardest/

Quotes to ponder:

"You can’t make it to a million or a billion without first hitting $100,000, but even more than that - it requires a complete overhaul of both your money and your mindset."

"It took me 28 years to finally start paying attention."

"Once you’ve got your mind right it’s all a matter of pouring in the fuel and letting time (and sometimes luck) take over from there."

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2723: When Wealth Isn’t Real by Nick Maggiulli of Of Dollars and Data on Personal Financial Habits May 12, 2024

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 2723:

Delve into the story of Bill Hwang and his astonishing $20 billion loss through Nick Maggiulli's insightful exploration, "When Wealth Isn’t Real." Maggiulli challenges our perceptions of wealth, illustrating through Hwang's debacle and other examples that much of what we consider financial substance may be mere illusion, prompting a rethink on what truly counts as economic value.

Read along with the original article(s) here: https://ofdollarsanddata.com/when-wealth-isnt-real/

Quotes to ponder:

"In some cases, wealth isn’t what it seems. We can see it. We can count it. We can write it down on a piece of paper. But as soon as we go to touch it, it disappears."

"Warning against the use of 5x leverage would be like warning against the dangers of getting injured while playing in the NFL. It is a risk, but not one that 99.9% of people have to worry about."

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2722: Overcoming Procrastination With The Habit Rule Of Half by Amy Ongaro of Break The Twitch on Productivity May 12, 2024

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 2722:

Amy Ongaro's "Overcoming Procrastination With The Habit Rule Of Half" offers a unique take on tackling procrastination through a simple, yet profound, strategy: the Habit Rule of Half. By consistently breaking down tasks into smaller, more manageable pieces, Ongaro introduces a compassionate approach to productivity that respects our internal resistances and promotes sustained progress.

Read along with the original article(s) here: https://www.breakthetwitch.com/habit-rule-of-half/

Quotes to ponder:

"Writing things down on a to-do list helps me to prioritize and stay organized and productive."

"If a task is left uncompleted at the end of the day, cut it in half and add it to the next day's list."

"The Habit Rule of Half can be a more compassionate approach to making progress on the things we feel resistant towards."

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2721: When You Should & Shouldn’t Refinance Your Student Loans by Travis Hornsby with JackieBeck.com May 11, 2024

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 2721:

Explore the significant benefits and potential drawbacks of refinancing your student loans with Travis Hornsby's comprehensive guide. Discover if this financial strategy fits your personal circumstances to potentially save thousands and simplify your debt management.

Read along with the original article(s) here: https://www.jackiebeck.com/refinance-student-loans/

Quotes to ponder:

"Student loan refinancing is simply getting a new private student loan at a new interest rate that will replace the old one."

"If your student loan interest rate is above 5%, explore what’s available through refinancing."

"Refinancing your student loans could cut thousands if not tens of thousands of dollars off your student loan debt."

Episode references:

The Student Loan Planner: https://www.studentloanplanner.com/

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2720: 5 Tips to Have a Successful No Spend Month by Amanda Brownlow of Hello Brownlow on Frugality May 10, 2024

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 2720:

Amanda Brownlow's article "5 Tips to Have a Successful No-Spend Month" offers practical strategies for reducing monthly expenses by avoiding non-essential spending. With personal anecdotes and easy-to-follow tips, Amanda guides readers through the process of planning and enjoying a no-spend month, emphasizing the benefits of saving money and enjoying simple pleasures.

Read along with the original article(s) here: https://hellobrownlow.com/2018/06/04/5-tips-to-have-a-successful-no-spend-month/

Quotes to ponder:

"Wedding season is upon us and events like birthdays and anniversaries can sneak up on us."

"I just realized how amazing the library system in our county is."

"Shopping and going out takes up a lot of time."

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2719: Why Choose To Live In The Poor House - Again? by Helene Massicotte of Free to Pursue on Should I Rent or Buy May 09, 2024

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 2719:

Explore Helene Massicotte's incisive take on the long-term pitfalls of choosing to carry a mortgage into retirement. Massicotte argues against the common belief that having a mortgage for life is manageable or desirable, highlighting the financial and psychological freedom that comes with being mortgage-free. This episode delves into the reasons why freeing yourself from perpetual debt is not just feasible but fundamentally liberating.

Read along with the original article(s) here: http://www.freetopursue.com/blog/2015/5/28/the-poor-house-again

Quotes to ponder:

"Being mortgage-free (read debt free) is just about the best feeling in the world, second only to being in love."

"You pay double for your housing when you count all the interest you pay over your lifetime."

"Your home will never be yours. It will always belong to the bank."

Episode references:

Happy Money" by Elizabeth Dunn and Michael Norton: https://www.amazon.com/Happy-Money-Science-Happier-Spending/dp/1451665075

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2718: What are the Best Reasons to Lease A Car? by Vicki Cook and Amy Blacklock of Women Who Money May 08, 2024

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 2718:

Leasing a car often appeals to those wanting new technology and safety without the financial burden of buying. Vicki Cook and Amy Blacklock explore practical reasons like lower monthly costs and minimal repair responsibilities, revealing why leasing, despite its drawbacks, can be an attractive option for modern consumers.

Read along with the original article(s) here: https://womenwhomoney.com/best-reasons-lease-car/

Quotes to ponder:

"Leases are an attractive option because payments average over $100 less per month than finance payments on a new car purchase."

"Since a vehicle lease is usually for three years, it's always under warranty, so significant repairs and costly maintenance is generally avoided."

"If your budget can’t support buying your dream car and you aren’t willing to scale back or buy used, leasing may be a better option than purchasing."

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2717: You Can't Work 168 Hours a Week by Paula Pant of Afford Anything on Personal Finance & Work-Life Balance May 07, 2024

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 2717:

Paula Pant of AffordAnything.com explores the value of outsourcing to balance work and life. She examines the financial logic behind outsourcing mundane tasks to maximize productivity and personal time, making a strong case for investing in your well-being through strategic delegation.

Read along with the original article(s) here: https://affordanything.com/when-should-i-outsource/

Quotes to ponder:

"The more you outsource, the more you trade money for the most valuable possession on earth: time."

"Parkinson’s Law states that work expands to fill the time you give it. Spend fewer hours working, and you’ll be able to do more in less time."

"Limit your hours, outsource at work, and value your time."

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2716: 8 Ways To Make Extra Money While Enjoying It by Adam Murray of Living This Good Life on Side Hustles May 06, 2024

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 2716:

Discover the joys of boosting your income through enjoyable activities in Adam Murray's insightful guide, "8 Ways To Make Extra Money (While Enjoying It)." Murray offers practical tips ranging from doggy daycare to tutoring, providing flexible options that don't just add to your wallet but also to your happiness.

Quotes to ponder:

"The thing is that we don’t want to put in more hours to do something we don’t like, especially when we’re already working so hard."

"If you have something that’s just sitting there, then why not?"

"Chances are, you can put it all to use."

Episode references:

Rover.com: https://www.rover.com/

Airbnb: https://www.airbnb.com/

Tutor.com: https://www.tutor.com/

Teachable: https://teachable.com/

Kajabi: https://kajabi.com/

Wrapify.com: https://wrapify.com/

FatLlama.com: https://fatllama.com/

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2715: You Don’t Have To Keep Up With The Joneses When It Comes To Investing by Kevin Ha of Financial Panther May 05, 2024

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 2715:

Explore how simplicity in investing outperforms the allure of high-risk ventures in Kevin Ha's enlightening piece. He demystifies investment strategies using personal anecdotes about his brother’s journey, underscoring the power of fundamental investment principles over chasing speculative gains.

Read along with the original article(s) here: https://financialpanther.com/dont-keep-joneses-comes-investing/

Quotes to ponder:

"Buy and hold. Time in the market. Keep costs low. These are all investing fundamentals that will get him to where he needs to be."

"Every time my brother brings up some new hot stock or a weird new investment vehicle, I remind him that investing doesn’t have to be fancy."

"You don’t need to keep up with the Joneses. Let them invest in whatever crazy way they want. You and I can stick to our boring old fundamentals."

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2714: When Intentional Parenting Kinda Sucks by Shawna Scafe of Simple on Purpose on Motherhood May 05, 2024

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 2714:

In "When Intentional Parenting Kinda Sucks," Shawna Scafe candidly shares the complexities of aligning parenting expectations with reality. This heartfelt reflection explores the challenges of family road trips and the pressures of intentional parenting. Shawna's personal anecdotes offer comfort and camaraderie to parents grappling with their ideals versus the actualities of raising children.

Read along with the original article(s) here: https://simpleonpurpose.ca/family-road-trip-intentional/

Quotes to ponder:

"Sometimes those ‘things’ and ‘intentions’ kind of suck to put into progress."

"I get so overwhelmed with the crying and the fits. I get so frustrated that I become irrational. THEN every little thing that has ever made me mad is like, ‘oh heeeeey! you haven’t thought about me in a while, let’s hang out in your brain and mess up your ability to be loving and kind’."

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2713: [Part 2] Shifting To A Frugal Mindset Has Given Us Options. Tons Of Options. by Lisa Harrison of Mad Money Monster May 04, 2024

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 2713:

Lisa Harrison of MadMoneyMonster.com reveals how adopting a frugal lifestyle can drastically expand your life choices, sharing practical steps from reducing TV subscriptions to smart entertainment and food budgeting. She underscores the joy and liberation that frugality brings, illustrating that living within means does not mean living less but rather enriching life by focusing on what truly matters.

Read along with the original article(s) here: https://madmoneymonster.com/2017/07/21/shifting-to-a-frugal-mindset-has-given-us-options/

Quotes to ponder:

"Taking that $200/month and investing it into low-fee index funds gives me a much bigger rush than having 500 cable channels at my disposal."

"Entertainment doesn’t need to cost money. We started bucking that trend years ago and couldn’t be happier."

"Shifting to a frugal mindset was the start of a wonderful life and a bright future for our family."

Episode references:

The Simple Path to Wealth" by J L Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2712: [Part 1] Shifting To A Frugal Mindset Has Given Us Options. Tons Of Options. by Lisa Harrison of Mad Money Monster May 03, 2024

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 2712:

Lisa Harrison of MadMoneyMonster.com shares her journey towards adopting a frugal mindset with her partner, illustrating the profound impact it has had on their financial independence and lifestyle. By redefining their approach to spending, particularly in areas like housing and clothing, they've cultivated a life rich in options and freedom, proving that less can indeed be more.

Read along with the original article(s) here: https://madmoneymonster.com/2017/07/21/shifting-to-a-frugal-mindset-has-given-us-options/

Quotes to ponder:

"Change is work. It’s something we can choose to do or something that can be thrust upon us."

"We needed to shift to a frugal mindset."

"Reducing your expenses allowed me to tap into an abundance-filled state of creativity and resourcefulness in getting my needs met."

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2711: 3 Early Retirement Planning Ideas by Miranda Marquit of Good Financial Cents on Financial Independence May 02, 2024

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 2711:

Dive into the insightful strategies Miranda Marquit shares in "3 Early Retirement Planning Ideas" to fast-track your path to financial independence. Explore practical steps like disciplined saving and investing, creating multiple income streams, and embracing mini-retirements to retire earlier than you might expect.

Read along with the original article(s) here: https://www.goodfinancialcents.com/3-early-retirement-planning-ideas/

Quotes to ponder:

"Disciplined investing involves considering how much you need in your portfolio to create an income stream you can live off of."

"Start cultivating multiple income streams now, so they are established and mostly automatic by the time you are ready for early retirement."

"If you want to enjoy life now and aren't concerned about having a huge chunk of time to try and kill when you are older, you can plan to take mini-retirements."

Episode references:

The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357

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2710: The Balanced Money Formula by JD Roth of Get Rich Slowly on Personal Finance Habits May 01, 2024

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 2710:

JD Roth of GetRichSlowly.org introduces the Balanced Money Formula by Elizabeth Warren and Amelia Tyagi, providing an innovative approach to managing personal finances without a traditional budget. Roth explores how simplifying budgeting into three categories - Needs, Wants, and Savings - can help achieve financial equilibrium and reduce stress about money management.

Read along with the original article(s) here: https://www.getrichslowly.org/the-balanced-money-formula/

Quotes to ponder:

"When your money is in balance, you always have enough to pay your bills, have some fun, and save for your dreams. And here is the best part of all. Once your money is in balance, you can stop worrying about it."

“You can spend your Wants money on anything that strikes your fancy, so long as you stay within 30% of your income.”

“You certainly won't get into trouble spending like this on Wants. Even so, you should ask yourself - are you making enough room for fun?”

Episode references:

All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren and Amelia Tyagi: https://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888

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2709: Cheap But Great Dates by Leo Babauta of Zen Habits on Romantic Dates & Budget-Friendly Dating Apr 30, 2024

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 2709:

Explore a myriad of low-cost yet enchanting date ideas in Leo Babauta's article "Cheap But Great Dates." Babauta shares inventive and budget-friendly dating strategies from picnics at sunset to old movie marathons, proving that romance doesn't have to be expensive. His practical advice offers a creative twist on making memorable moments without breaking the bank.

Read along with the original article(s) here: https://zenhabits.net/cheap-but-great-dates/

Quotes to ponder:

"Watch meteors: Get a blanket and look up at the stars. It’s best if there’s a meteor shower - shooting stars are magical. Otherwise, learn a few constellations and point them out to her. Ponder the mysteries of the universe."

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2708: Does Your Brain Predict Your Financial Success by John Assaraf of My Neurogym Apr 29, 2024

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 2708:

Unlock the secret to your financial potential with John Assaraf’s insights from "Does Your Brain Predict Your Financial Success?" Discover how your brain’s inherent patterns and hidden self-image could be influencing your income levels and what you can do to alter these neural pathways for a more prosperous future.

Read along with the original article(s) here: https://blog.myneurogym.com/your-brain-predicts-your-financial-success

Quotes to ponder:

"There’s a little part of your brain that actually predicts how much you will earn in the future. It’s called the 'frontostriatal pathway'."

"Visualization is a fantastic small change to make in your thinking. If you imagine yourself after you achieved the success you want, you activate the motivation centers in the brain."

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2707: The Best Time of Year to Buy Many Items by Andrea Joy of Saving Joyfully Apr 28, 2024

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 2707:

In "The Best Time of Year to Buy Many Items," Andrea Joy of SavingJoyfully.com guides us through the calendar year, pinpointing the optimal times to make key purchases - from electronics to gym memberships. This episode uncovers how strategic timing can yield significant savings and help manage household budgets more effectively.

Read along with the original article(s) here: https://savingjoyfully.com/blog/the-best-time-of-year-to-buy-many-items

Quotes to ponder:

"Being willing to wait until certain times of year to buy things can be helpful for those purchases that aren’t true 'must haves.'"

"Fitness equipment is a great idea at the beginning of the year because many stores are running sales."

"Chocolate is a great price this time of year especially after Valentine's Day is over with all the sales to sell the leftover Valentine’s goodies."

Episode references:

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2706: Weekend Weight Loss Tips by Chalene Johnson on Maintaining Health Goals without Sacrificing Fun Apr 28, 2024

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 2706:

Discover Chalene Johnson's Weekend Weight Loss Tips to maintain your health goals without sacrificing weekend fun. Chalene shares practical advice on changing your mindset, limiting alcohol, managing meal times, choosing home-cooked meals, bringing your own food, and including raw veggies in your diet, aiming to keep you on track while enjoying your downtime.

Read along with the original article(s) here: https://www.chalenejohnson.com/weekend-weight-loss-tips/

Quotes to ponder:

"It ALL starts with mindset. If you go into your weekend with the mindset that you’re going to indulge and that you earned it, then you will have little to no self control."

"When you find yourself trying to justify the indulgences, take an emotional step back, and remind yourself that you are worth putting good nutritious food in your body."

"If you find you’re having a strong craving for something in particular, my first recommendation is to write it down, that might seem strange. But research has shown that if you write down the craving, most times it removes it."

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2705: 6 Ways Being Cheap Can Cost You Money by Michelle Schroeder-Gardner of Making Sense of Cents Apr 27, 2024

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 2705:

Discover how frugality might unexpectedly dip into your funds as Michelle Schroeder-Gardner of MakingSenseOfCents.com explores six common pitfalls where saving too much can actually end up costing you more. From skimping on quality purchases to the false economy of DIY projects, Michelle sheds light on the hidden costs of excessive thriftiness.

Read along with the original article(s) here: https://www.makingsenseofcents.com/2014/10/6-ways-being-cheap-can-cost-you-money.html

Quotes to ponder:

"Many people each and every single day make the mistake of trying to save money, yet end up wasting money in the end."

"Skipping going to the dentist for years so that you can 'save' money. Then, after you finally go, you find out you could have saved money and some of your teeth by visiting the dentist regularly for cleanings."

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2704: 7 Ways You May Be Leaving Money on the Table When You Retire by Kathleen Coxwell of New Retirement Apr 26, 2024

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 2704:

Kathleen Coxwell's guide "7 Ways You May Be Leaving Money on the Table When You Retire" offers essential strategies to ensure you're maximizing your retirement savings. Discover how to optimize your Social Security benefits, manage investments wisely, and avoid common pitfalls that can reduce your financial security in retirement.

Read along with the original article(s) here: https://www.newretirement.com/retirement/leaving-money-on-the-table-when-you-retire/

Quotes to ponder:

"Surprisingly though, many retirees and soon to be retirees overlook not just hundreds or even thousands of dollars, but hundreds of thousands in money that could be put toward retirement expenses."

"By claiming Social Security at the earliest possible date, many people are leaving a substantial amount of money behind because the longer you wait, the greater the benefits become."

"Your home is a valuable resource that really should be considered as part of your overall retirement plan."

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2703: Why Paying Off the Mortgage Early May Be a Big Mistake by Len Penzo on How to Fight Inflation Apr 25, 2024

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 2703:

Discover why paying off your mortgage early might not be the financial boon you expect in Len Penzo's insightful analysis. Penzo, leveraging historical examples and economic trends, argues that in a high-inflation environment, maintaining a mortgage could be more advantageous than clearing it early. Explore this counterintuitive approach to personal finance management and how it might apply to your financial strategy.

Read along with the original article(s) here: https://lenpenzo.com/blog/id25716-why-paying-off-the-mortgage-early-may-be-a-big-mistake-2.html

Quotes to ponder:

"Mortgage payments (became) no more than a nominal burden to (homeowners) - a consideration which dismayed the mortgage banks."

Episode references:

When Money Dies by Adam Fergusson: https://a.co/d/iJQCS7C

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2702: Trading Financial Freedom for Mini-Retirement by Chris of Keep Thifty on FIRE Lifestyle & Sabbaticals Apr 24, 2024

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 2702:

Chris from KeepThrifty.com shares his journey of trading the pursuit of financial freedom for a one-year mini-retirement to spend quality time with his children. Despite the financial setbacks, he values this period as an invaluable investment in family life, illustrating that sometimes, life's best returns come from the heart, not the bank.

Read along with the original article(s) here: https://www.keepthrifty.com/trade-financial-freedom-mini-retirement/

Quotes to ponder:

"Who doesn’t want financial freedom? Getting to the point that your passive income can cover your expenses buys you opportunities and time in a way that most people can’t imagine."

"Despite the allure, I took an active step away from financial freedom this year, choosing to delay my freedom date by over 2 years."

"Trading twenty-seven months of financial freedom for fourteen months of mini-retirement now seems like a pretty good deal when you put our life situation in context."

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2701: The Secret to Becoming Your Own Financial Expert by Philip Taylor of PT Money on Money Freedom Apr 23, 2024

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 2701:

Philip Taylor of PTMoney.com shares invaluable insights on becoming the master of your financial destiny. He emphasizes that personal finance expertise doesn't necessarily require formal qualifications like a CPA or CFP but instead advocates for self-education and proactive financial management tailored to your unique circumstances.

Read along with the original article(s) here: https://ptmoney.com/becoming-your-own-financial-expert/

Quotes to ponder:

"I simply share my story with money - the good, the bad, and the ugly."

"Only by becoming your expert can you appropriately decipher the financial headlines of the day."

"The secret is three-fold as I see it: only you know the detailed ins and outs of your financial situation, no one cares more about your money than you, and all you need to do is keep learning and try new things!"

Episode references:

The Making of an Expert: https://hbr.org/2007/07/the-making-of-an-expert

The Automatic Millionaire: https://www.amazon.com/Automatic-Millionaire-Powerful-One-Step-Finish/dp/0767923820

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2700: 10 Ways to Take Control of Your Finances by Kalen Bruce of Money Mini Blog on Financial Independence Apr 22, 2024

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 2700:

Explore strategic financial management through Kalen Bruce’s insightful guidance on taking control of your finances. Bruce emphasizes the importance of understanding cash flow, setting realistic goals, and investing wisely to build a prosperous future. His approach demystifies financial planning, making it accessible and actionable for anyone seeking to enhance their financial stability.

Read along with the original article(s) here: https://moneyminiblog.com/budgeting/10-ways-to-take-control-of-your-finances/

Quotes to ponder:

"Being in control of your finances helps you make valuable decisions regarding your finances and it helps you spend less than you earn."

"Never make money your stress button; it can be your happy button."

"Knowledge and patience are the keys to success."

Episode references:

Money Tracking Took: What We Recommend

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2699: Your Greatest Asset is YOU by Nick Maggiulli of Of Dollars and Data on Personal Growth & Development Apr 21, 2024

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 2699:

Nick Maggiulli's article, "Your Greatest Asset is YOU," reveals that the most valuable financial asset you possess isn't your bank account or investments, but rather your human capital. When wisely managed and invested, this wealth of personal skills and knowledge can yield greater long-term financial returns than traditional investments.

Read along with the original article(s) here: https://ofdollarsanddata.com/your-greatest-asset-is-you/

Quotes to ponder:

"Your human capital can be considered an asset that you use to earn money."

"Each year you work reduces the present value of your human capital."

"By saving and investing, you are rebuilding yourself as a financial asset equivalent that can provide you with income when you no longer work."

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2698: How to Overcome and Conquer Fear by Shirley of Daring Living on Self-Help & Mental Health Apr 21, 2024

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 2698:

Join Shirley from DaringLiving.com as she delves into the transformative journey of overcoming fear. In this enlightening episode, she shares practical steps and powerful insights that help shift the perspective on fear, offering ways to turn it from a crippling force into a guiding one. Discover how to embrace and harness your fears to lead a more courageous and fulfilling life.

Read along with the original article(s) here: https://daringliving.com/how-to-overcome-fear/

Quotes to ponder:

"Fear is simply a feeling. When we feel fear, we create our definition and meaning about why we’re afraid."

"Instead of defaulting to a negative thought/story for yourself, you can purposefully create deliberate, more empowering thoughts for that feeling."

"If you feel afraid, you can justify your feeling by saying 'I am excited about this' instead. This will change your entire story and thoughts about the situation."

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2697: Can’t Stick to a Budget? Here’s the Solution by Jen Hayes on Dave Ramsey's Cash Envelope System Apr 20, 2024

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 2697:

Jen Hayes brings to light the modern dilemma of overspending due to the convenience of digital transactions in her article. She introduces Dave Ramsey's cash envelope system as a tactile and visual method to regain control over personal finances. By allocating specific amounts to different spending categories and only using cash, this method forces individuals to become more mindful and intentional with their purchases, ultimately helping them stick to their budgets.

Read along with the original article(s) here: https://www.jenhayes.me/cant-stick-to-a-budget-heres-the-solution/

Quotes to ponder:

"Americans have lost our ability to 'feel' money. Society has made it far too easy for us to spend money on autopilot."

"When we can physically see the money being taken away from us, we’re more mindful about the purchases we make."

"If you can’t control your money, the lack of it will forever control you."

Episode references:

How to Budget With the Cash Envelope System By Dave Ramsey: https://www.ramseysolutions.com/budgeting/envelope-system-explained

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2696: [Part 2] We’re Mortgage Free! Our 10 Steps to Get a $500,000 Paid Off House in 5 Years by Andy Hill of Marriage Kids and Money Apr 19, 2024

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 2696:

Andy Hill from MarriageKidsAndMoney.com shares transformative strategies for achieving mortgage freedom in just five years on a $500,000 home. Through a blend of income-increasing tactics, budgeting mastery, and mindful spending, Hill outlines a roadmap to financial liberation that's both inspirational and practical.

Read along with the original article(s) here: https://marriagekidsandmoney.com/how-to-pay-off-your-mortgage-early-in-10-not-so-easy-steps

Quotes to ponder:

"It’s truly amazing how much STUFF we accumulated in our house that we didn’t need or didn’t bring us joy. Turn the trash into cash, right?"

"The budget we create together is a 'zero-based budget'. This means that every dollar we have has a job."

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2695: [Part 1] We’re Mortgage Free! Our 10 Steps to Get a $500,000 Paid Off House in 5 Years by Andy Hill of Marriage Kids and Money Apr 18, 2024

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: 2695

Andy Hill shares his triumphant journey to financial freedom in "We’re Mortgage Free! Our 10 Steps to Get a $500,000 Paid Off House in 5 Years" on MarriageKidsAndMoney.com. With a combination of strategic planning, family teamwork, and intentional living, Andy and his wife Nicole have not only freed themselves from the burden of a mortgage but have also laid down a legacy of debt-free living for their children, showcasing the power of financial independence and the joy it brings.

Read along with the original article(s) here: https://marriagekidsandmoney.com/how-to-pay-off-your-mortgage-early-in-10-not-so-easy-steps

Quotes to ponder:

"After years of focus and partnership with my wife Nicole, we’re mortgage-free and thrilled about the future ahead of us."

"We were intentional, determined, and ready to do something incredible for our family."

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2694: How Do I Budget with a Variable Income? by Laura Gariepy of Women Who Money on Personal Financial Planning Apr 17, 2024

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 2694:

Laura Gariepy, through her collaboration with WomenWhoMoney.com, offers practical and actionable strategies for individuals dealing with the complexities of budgeting on a variable income. Her guidance illuminates a path toward financial stability by focusing on essential expenses, optimizing savings, and strategic account management, proving that with the right approach, managing fluctuating finances can lead to successful budgeting and peace of mind.

Read along with the original article(s) here: https://womenwhomoney.com/budget-variable-income/

Quotes to ponder:

"Successful use of a budget gets your money working for you so you can attain your financial goals."

"Improperly managed variable income can lead to severe financial stress. However, by working through the steps in this article, you can find stability using a budget."

"Knowing both your real bottom line or threshold and your preferred bottom line will establish (and maintain) financial priorities."

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2693: How Do I Get My Spouse To Go Along With My Frugal Plans? By Jacob Lund Fisker on Marriage & Financial Planning Apr 16, 2024

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 2693:

Jacob Lund Fisker of EarlyRetirementExtreme.com guides us through the delicate process of aligning your partner with your frugal lifestyle and early retirement dreams. He offers practical tips on leading by example, demonstrating the benefits through your actions, and smartly navigating conversations to inspire a mutual journey toward financial independence.

Read along with the original article(s) here: http://earlyretirementextreme.com/how-do-i-get-my-spouse-to-go-along-with-my-frugal-plans.html

Quotes to ponder:

"The first and most important thing is that a person sounds a whole lot smarter and more intelligent when you agree with what the person is saying."

"Most people (and especially children) will follow your example rather than your suggestions."

"If you want your spouse to adopt some change, another thing to try is to find something they are familiar with."

Episode references:

Tumbleweed Houses: https://www.tumbleweedhouses.com/

The concept of Freecycling: https://www.freecycle.org/

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2692: Why My 77 Percent Savings Rate Means Nothing by Paula Pant of Afford Anything on FIRE & Early Retirement Apr 15, 2024

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 2692:

Paula Pant from AffordAnything.com shares her journey from celebrating a 77% savings rate to realizing its limited value in achieving financial freedom. Through a detailed analysis, she illustrates the importance of distinguishing between savings for deferred spending and investing for wealth growth, urging readers to focus on investing rates over savings rates for true financial independence.

Read along with the original article(s) here: https://affordanything.com/77-savings-rate-means-nothing/

Quotes to ponder:

"Savings is money that you’re setting aside for the future. Which means that “savings” is deferred spending."

"Savings won’t bring you financial freedom. Investing will."

“Investing,” on the other hand, allows you to supercharge your net worth."

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2691: Is It Ever OK To Borrow From Your 401K? by Mark Dennis of Financial Finesse on Retirement Planning Apr 14, 2024

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 2691:

Mark Dennis of FinancialFinesse.com sheds light on the complexities of borrowing from your 401(k). He outlines the seductive ease of tapping into retirement savings for immediate financial needs but cautions against the long-term repercussions such actions may have on one's financial health and retirement planning. Dennis meticulously explores the benefits and pitfalls, emphasizing smarter alternatives to safeguard one’s financial future.

Read along with the original article(s) here: https://www.financialfinesse.com/2017/10/23/is-it-ever-ok-to-borrow-from-your-401k/

Quotes to ponder:

"Plundering our retirement piggy banks can be tempting when a financial emergency arises, but this type of short-term fix may have some long-term consequences that are more expensive than we realize."

"Once you dip into your retirement stash and use it to relieve some type of financial pain, you can begin to slide down a slippery financial behavior slope."

"Bottom line: make sure you have carefully considered all other alternatives before you undo much of the hard work you have already invested in growing your retirement nest egg."

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2690: Three Vital Reasons To Say “I’m Sorry” In Your Marriage by Dr. Margaret Rutherford on Improving Relationships Apr 14, 2024

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 2690:

Dr. Margaret Rutherford's enlightening article sheds light on the profound importance of apologies in strengthening marriages. By navigating through the common pitfalls of a bad apology, Rutherford emphasizes how genuine apologies foster integrity, build trust, and maintain mutual respect between partners, serving as a vital component for a healthy and enduring relationship.

Read along with the original article(s) here: https://drmargaretrutherford.com/three-vital-reasons-to-say-im-sorry-in-your-marriage/

Quotes to ponder:

"Love means you say you’re sorry and you mean it. Sincerely."

"Saying you’re sorry means that you recognize your behavior has an impact on those around you."

"It’s a gift that reflects your integrity."

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2689: How We Paid Off $17,000+ in Student Loan Debt in Just 54 Days by Dave Cahill with JackieBeck.com Apr 13, 2024

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 2689:

Dave Cahill's transformative journey with JackieBeck.com sheds light on overcoming $17,000 in student loan debt within a mere 54 days. Through extreme frugality and strategic planning, Cahill and his wife turned their financial desperation into liberation, offering valuable insights into the power of dedication and financial freedom.

Read along with the original article(s) here: https://www.jackiebeck.com/how-we-paid-off-17000-in-student-loan-debt-in-54-days/

Quotes to ponder:

"Our methods may not be realistic in your circumstances. But don’t be afraid to bet on yourself and take reasonable risks to achieve debt freedom."

"In the darkest moments, our vision for a better future was what kept us moving forward."

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2688: Resisting Lifestyle Inflation by Lisa Harrison of Mad Money Monster on Hedonic Adaptation Apr 12, 2024

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 2688:

Lisa Harrison of MadMoneyMonster.com shares her journey of resisting lifestyle inflation, especially the allure of upgrading her living situation, which many find relatable. Through candid experiences, she underscores the importance of financial prudence, the power of minimalism, and the value of instilling good spending habits to secure a more stable and fulfilling future.

Read along with the original article(s) here: https://madmoneymonster.com/2016/02/03/resisting-lifestyle-inflation/

Quotes to ponder:

"It’s worry that is born out of fear, fear that you can’t comfortably afford to do something."

"Committing to minimalism has given us focus and the ability to say NO to unnecessary clutter in our lives."

"My emotional, arbitrary indicators of wealth have nothing to do with what we need or what makes the best financial sense."

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2687: I Used To Be Afraid Of Money, But Things Have Changed by Liz of Frugalwoods Apr 11, 2024

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 2687:

Liz's transformation from money fear to financial savvy underscores a powerful journey of overcoming financial anxiety. Through a candid account on Frugalwoods.com, Liz shares how eschewing debt, embracing frugality, and educating herself on personal finance turned her dread into confidence. This tale isn't just about saving pennies; it's a roadmap for anyone looking to wield money as a tool for life, rather than a source of fear.

Read along with the original article(s) here: https://www.frugalwoods.com/2015/06/02/i-used-to-be-afraid-of-money-but-things-have-changed/

Quotes to ponder:

"I used to be afraid of money. Not in the sense that I thought it was going to jump out of a dark alley at me, more in the vein of fearing the unknown."

"I’m forced to confess that I was cheap-stupidly cheap and a far cry from strategically frugal."

"Money is only a tool, it will take you wherever you wish, but it won’t replace you as the driver."

Episode references:

Personal Finance For Dummies: https://a.co/d/cAMarbU

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2686: Should You Give Money to Your Adult Children? by J.D. Roth of Get Rich Slowly on Financial Outpatient Apr 10, 2024

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 2686:

J.D. Roth delves into the emotionally charged issue of whether or not to provide financial assistance to adult children, using a reader's personal dilemma as a springboard. Through insights from personal experiences and expert research, Roth explores the fine line between helping and enabling, offering thought-provoking perspectives on financial independence, responsibility, and the potential pitfalls of economic support.

Read along with the original article(s) here: https://www.getrichslowly.org/giving-money-to-adult-children/

Quotes to ponder:

"The more dollars adult children receive, the fewer they accumulate, while those who are given fewer dollars accumulate more."

"Giving adult children financial support is, generally speaking, a bad idea."

"What is the effect of cash gifts that are knowingly ear-marked for consumption and the propping up of a certain lifestyle? We find that the giving of such gifts is the single most significant factor that explains lack of productivity among the adult children of the affluent."

Episode references:

The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474

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2685: 3 Ways to Hack Your Financial Happiness by Chris Reining on Strategies for Fostering Genuine Contentment Apr 09, 2024

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 2685:

Chris Reining explores the nuanced relationship between money and happiness in "3 Ways to Hack Your Financial Happiness," offering insights from personal experience and research. By critiquing the common pursuit of wealth as a source of happiness and suggesting practical strategies for fostering genuine contentment, Reining illuminates the path to financial well-being that transcends mere accumulation.

Read along with the original article(s) here: https://chrisreining.com/3-ways-to-hack-your-financial-happiness/

Quotes to ponder:

"Many of us equate money to happiness. And it's true, sort of. Research has shown that happiness rises with income, but only up to $75,000."

"Buying stuff is the equivalent of getting drunk, it only temporarily soothes our unhappiness."

"Finding happiness comes from within, it's not something that can be purchased from Amazon."

Episode references:

Carl Jensen's speech, "FI-landia is a lie,": https://www.youtube.com/watch?v=av4nIb5_AAE&ab_channel=EconoMeConference

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2684: Should You Cancel Your Credit Card After Paying It Off by Kumiko of The Budget Mom on Frugality Apr 08, 2024

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 2684:

Kumiko of TheBudgetMom.com tackles the common dilemma of whether to close a credit card after paying it off. She weighs the pros, like avoiding temptation and minimizing fees, against the cons, such as the potential negative impact on your credit score. Her conclusion is nuanced, advocating for keeping the account open under certain conditions, especially when planning significant financial moves like buying a house.

Read along with the original article(s) here: https://www.thebudgetmom.com/should-you-cancel-your-credit-card-after-paying-it-off/

Quotes to ponder:

"The number one reason most people choose to close their credit cards is to avoid temptation."

"If your credit card is charging you fees, you should think about closing it."

"Closing a credit card account can hurt you if you are attempting to get a mortgage."

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2683: Two Huge Reasons Why Your Career Matters by ESI of ESI Money on How to Increase My Income Apr 07, 2024

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 2683:

Discover how to transform your career into your most lucrative asset with ESI from ESIMoney.com. Learn the significance of recognizing and nurturing your career’s value, which can amount to millions of dollars over a lifetime. This insightful analysis not only outlines the financial aspect but also emphasizes the personal growth and satisfaction that come with career development.

Read along with the original article(s) here: https://esimoney.com/two-huge-reasons-why-your-career-matters/

Quotes to ponder:

"Your career is your biggest financial asset, worth millions of dollars."

"If you take the right steps, you can make it worth millions more."

"Think it can’t be done? I shared previously that I’ve averaged over 8% per year for 25 years."

Episode references:

So Good They Can't Ignore You by Cal Newport: https://www.amazon.com/Good-They-Cant-Ignore-You/dp/1455509124

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2682: When Does Caffeine Withdrawal Stop by Ana Gotter with Healthline on Should I Drink Coffee Apr 07, 2024

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 2682:

Ana Gotter, in partnership with Healthline.com, demystifies the caffeine withdrawal process, providing a comprehensive look at its duration, symptoms, and management strategies. Gotter's insights into the physiological and psychological effects of caffeine withdrawal, backed by scientific studies, offer valuable guidance for those contemplating a break from caffeine, emphasizing genetic influences on our coffee cravings and how to navigate withdrawal with minimal discomfort.

Read along with the original article(s) here: https://www.healthline.com/health/how-long-does-caffeine-withdrawal-last

Quotes to ponder:

"The duration of caffeine withdrawal symptoms vary from person to person, but caffeine withdrawal usually lasts at least two to nine days."

"Caffeine is a psychoactive stimulant that decreases drowsiness by blocking adenosine receptors. Adenosine is a neurotransmitter connected to the body’s sleep-wake processes."

"If you decide you want to decrease or quit caffeine, try these things to work through your withdrawal symptoms: Taper consumption instead of going cold turkey."

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2681: Should You Do a Debt Consolidation Loan? by James Lambridis of DebtMD on Financial Security Apr 06, 2024

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 2681:

James Lambridis of DebtMD.com guides readers through the intricacies of debt consolidation loans, revealing their potential as a tool for financial relief. By scrutinizing the prerequisites and pitfalls of such loans, Lambridis offers actionable insights for those looking to navigate their way out of debt, emphasizing the importance of informed decision-making and strategic financial planning.

Read along with the original article(s) here: https://www.debtmd.com/blog/should-you-do-a-debt-consolidation-loan

Quotes to ponder:

"Deciding whether to do a debt consolidation loan boils down to two very simple things. Are you lowering your monthly payment and/or interest rate?"

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2680: 5 Things No One Tells You About Retirement That You Need to Know by Janet Berry-Johnson with New Retirement Apr 05, 2024

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 2680:

Dive into the often-unspoken realities of retirement with insights from Janet Berry-Johnson at NewRetirement.com. This episode reveals the surprising challenges retirees face, from identity crises and depression to unexpected financial strains and the importance of finding new purposes. Discover the critical, yet often overlooked, aspects of preparing for a fulfilling retirement beyond the financials.

Read along with the original article(s) here: https://www.newretirement.com/retirement/5-things-no-one-tells-you-about-retirement-that-you-need-to-know/

Quotes to ponder:

"Depression is common for many people, their identities have become wrapped up in what they do for a living. When their careers end, depression can become an issue."

"Most people report being happier than ever before - a majority of retirees (93%) feel their life is as good or better than it was before they retired."

Episode references:

"Work Longer, Live Healthier: The relationship between economic Activity, Health and Government Policy" from the Institute of Economic Affairs: https://iea.org.uk/in-the-media/press-release/retirement-causes-a-major-decline-in-physical-and-mental-health-new-resea

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2679: 10 Money Questions Every Couple Must Answer by Christina Browning of Our Rich Journey Apr 04, 2024

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 2679:

In "10 Money Questions Every Couple Must Answer," Christina Browning of Our Rich Journey.com opens up about the personal journey to financial independence she's navigated with her spouse, Amon. She distills over fifteen years of collective wisdom into ten pivotal questions aimed at couples seeking to build a secure, financially transparent future together. Offering a blend of practical advice and profound insights, Christina's guide is an invaluable resource for partners at any stage of their relationship, encouraging open dialogue and mutual understanding around a topic that's often overlooked but crucial for lasting partnership harmony.

Read along with the original article(s) here: https://www.ourrichjourney.com/post/10-money-questions-every-couple-must-answer

Quotes to ponder:

"Financial independence isn't just about how much you earn but how you align your financial decisions and goals as a couple."

"Understanding each other's financial habits and goals is essential in creating a harmonious partnership."

"The journey to financial freedom as a couple is paved with open conversations, mutual goals, and shared dreams."

Episode references:

Managing Money For Better and Worth: https://www.erickayoung.com/listen/managing-money-for-better-and-worth

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2678: [Part 2] Conquer 3 Critical Early Retirement Challenges by Redefining Retirement by Chris Mamula of Can I Retire Yet Apr 03, 2024

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 2678:

Chris Mamula challenges traditional retirement concepts in "Conquer 3 Critical Early Retirement Challenges by Redefining Retirement - Part 2", advocating for a personalized approach to retirement planning. By questioning societal norms and exploring flexible, meaningful work as part of retirement, Mamula provides insightful strategies for achieving early retirement without sacrificing personal fulfillment or financial security.

Read along with the original article(s) here: https://www.caniretireyet.com/redefining-retirement/

Quotes to ponder:

"Ultimately, I realized that all three of the biggest challenges we faced had the same solution. We needed to redefine retirement on our terms."

"Traditional retirement planning can only take you so far. If you want to retire early, you need to develop a robust strategy with flexibility."

"A job should not define who or what you are. You should be able to leave today and it not change the overall purpose or direction of your life."

Episode references:

The Four Hour Work Week by Tim Ferriss: https://a.co/d/ebqwn3n

Man’s Search for Meaning by Victor Frankl: https://a.co/d/ePqWdRN

48 Days To The Work You Love by Dan Miller: https://a.co/d/9WdfY5X

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2677: [Part 1] Conquer 3 Critical Early Retirement Challenges by Redefining Retirement by Chris Mamula of Can I Retire Yet Apr 02, 2024

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 2677:

Chris Mamula shares his journey towards early retirement, tackling the complexities beyond simple savings rates and withdrawal rules. Through his experience, Mamula highlights the nuanced challenges of medical insurance, the unpredictability of financial planning, and the quest for happiness and fulfillment beyond the workforce. His insightful reflections provide valuable lessons for those contemplating early retirement.

Read along with the original article(s) here: https://www.caniretireyet.com/redefining-retirement/

Quotes to ponder:

"Getting any of these decisions wrong could legitimately derail our retirements."

"What do I want out of life? What will make me truly happy and fulfilled?"

Episode references:

The 4% Rule: https://www.prudential.com/financial-education/4-percent-rule-retirement

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2676: Climb Out Of Massive Debt with These 10 Life Changing Steps by Andy Hill of Marriage Kids And Money Apr 01, 2024

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 2676:

Andy Hill of MarriageKidsAndMoney.com shares transformative insights from interviewing over 100 individuals who have successfully navigated out of debt and onto the path of wealth building. Hill's article, "Climb Out Of Massive Debt with These 10 Life-Changing Steps," encapsulates a strategic approach to achieving financial freedom. By committing to debt freedom, analyzing debts, creating a budget, and adopting a suitable debt destruction method, among other steps, readers are equipped with practical tools to embark on their journey toward financial independence.

Read along with the original article(s) here: https://marriagekidsandmoney.com/climb-out-of-massive-debt-with-these-10-life-changing-steps

Quotes to ponder:

"Like any other monumental moment in your life, declaring your intention is the first step toward making the impossible possible."

"When you start to answer questions like this for yourself, a fire starts to burn inside. Your slight motivation begins to turn into a passionate desire for change."

"The reason why most people fail is that they give up what they want most for what they want now."

Episode references:

Tiller: https://www.tillerhq.com/

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2675: The Goldilocks Zone of Personal Finance by Nick Maggiulli of Of Dollars and Data on Financial Security Mar 31, 2024

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 2675:

Nick Maggiulli's insightful analysis in "The Goldilocks Zone of Personal Finance" invites readers to discover the balanced state of financial well-being, where neither scarcity nor excess dictates one's life. Drawing from personal anecdotes and scientific research, Maggiulli illustrates the stress associated with both ends of the financial spectrum, advocating for a middle ground that promotes security, motivation, and peace.

Read along with the original article(s) here: https://ofdollarsanddata.com/the-goldilocks-zone-of-personal-finance/

Quotes to ponder:

"For a subordinate animal, life is filled with a disproportionate share not only of physical stressors but psychological stressors as well - lack of control, predictability, and outlets for frustration."

"Becoming rich does not guarantee happiness. It is almost certain to impose the opposite condition - if not from the stresses and strains of protecting wealth, then from the guilt that inevitably accompanies its arrival."

Episode references:

Why Zebras Don’t Get Ulcers by Robert Sapolsky: https://a.co/d/0vLzVlB

The First National Bank of Dad by David Owen: https://a.co/d/3yWA293

How to Get Rich by Felix Dennis: https://a.co/d/hH6Sfyi

Rose Lounsbury: The Journey to Enough: https://youtu.be/iZMi46kQww8?si=c6IcExg4JIRNhPUJ&t=1

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2674: Stop Doing S*** You Hate by Isaac Morehouse on Strategic Life Choices & Personal Fulfillment Mar 31, 2024

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 2674:

Isaac Morehouse delivers a candid reminder that pursuing what you love requires shedding what drains you. With a blend of humor and wisdom, Morehouse challenges the notion that life's obligations force us into despised activities, advocating instead for strategic life choices that align more closely with personal joy and fulfillment.

Read along with the original article(s) here: https://isaacmorehouse.com/2015/10/08/stop-doing-shit-you-hate/

Quotes to ponder:

"It’s something I constantly preach as a better alternative to trying to find and do what you love."

"If you set yourself to finding that, instead of pointing to the obvious ways it might be misunderstood, you just might get some value."

"Things can always suck less. See if you can figure out how."

Episode references:

200+ Gary Vaynerchuk Quotes: https://garyvaynerchuk.com/top-garyvee-quotes/

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2673: 7 Ways To Make Money Instead Of Working A Full-Time Job by Courtney Luke of Arrest Your Debt Mar 30, 2024

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 2673:

Courtney Luke of ArrestYourDebt.com outlines creative and flexible career paths beyond the conventional 9-5 job in this insightful piece. From investing and freelancing to blogging and teaching, Luke provides a roadmap for generating income with flexibility, allowing for a healthier work-life balance. This guide is invaluable for those yearning to escape the grind and forge their path to financial and personal fulfillment.

Read along with the original article(s) here: https://arrestyourdebt.com/ways-to-make-money-instead-of-working/

Quotes to ponder:

"To start investing, you will require an initial sum, making it an unsuitable option for many as they do not have the capital."

"Freelancers work on a contract basis. They have the freedom to dictate their terms to the employer and choose whether to take a job or not."

"Instead of relying on your blog as your primary income source, consider it an extra earning option."

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2672: 4 Reasons To Make Extra Money - It Changed My Life And It Can Change Yours Too! by Michelle Schroeder-Gardner Mar 29, 2024

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 2672:

Michelle Schroeder-Gardner, through her journey detailed on MakingSenseOfCents.com, illustrates the transformative power of side hustles. By leveraging extra time to generate additional income, she not only eradicated her student loan debt but also embarked on a path of financial independence, allowing for travel and entrepreneurship. This narrative underscores the potential side hustles have to not only alleviate financial burdens but also to explore and test new business ventures, ultimately leading to a more diversified and secure income stream.

Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/03/4-reasons-to-make-extra-money.html

Quotes to ponder:

"Due to my past side hustles (most of which now comprise my full-time business), I was able to pay off my student loans completely, travel, quit my job, start my own business, and more."

"By diversifying your income with multiple income streams, you will have a backup plan."

"My side hustles turned into my full-time business."

Episode references:

"The Ultimate List Of Gig Economy Apps" by Kevin Ha on Financial Panther: https://financialpanther.com/the-ultimate-list-of-gig-economy-apps/

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2671: What Are Mortgage Points (And Should You Buy Them)? by Jeff Rose of Good Financial Cents Mar 28, 2024

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 2671:

Jeff Rose of GoodFinancialCents.com demystifies mortgage points, shedding light on their potential benefits and drawbacks. He navigates through the intricacies of buying points to lower interest rates, the considerations of homeownership duration, and the fluctuating real estate market, offering valuable insights for those pondering this financial decision.

Read along with the original article(s) here: https://www.goodfinancialcents.com/mortgage-points-should-you-buy-them-what-are-they/

Quotes to ponder:

"Pay $3,000 for a point now, and you could save that much and more later on over the course of the loan."

"The real value of a point is not always so simply calculated."

Episode references:

IRS Topic no. 504, Home mortgage points: https://www.irs.gov/taxtopics/tc504

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2670: Break the Paycheck-to-Paycheck Cycle and Start Saving by Vicki Cook and Amy Blacklock of Women Who Money Mar 27, 2024

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 2670:

In "Break the Paycheck-to-Paycheck Cycle and Start Saving," Vicki Cook and Amy Blacklock of WomenWhoMoney.com offer actionable steps to overcome the common yet challenging situation of living from one paycheck to the next. Their guidance is a beacon of hope for individuals struggling with financial insecurity, providing practical strategies for debt management, mindful spending, and the cultivation of savings to secure a more stable financial future.

Read along with the original article(s) here: https://womenwhomoney.com/stop-living-paycheck-paycheck/

Quotes to ponder:

"Living this way is a frustrating reality for many women. This is a serious problem."

"To total your debt: Add up the balance on every credit card you have, total any outstanding loans, and add in your mortgage if you own your home."

"Just start. Don’t wait until for a new week, or next month. And don’t make taking control of your finances a resolution for next year."

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2669: Roots v. Wings: Considering Home Ownership by JL Collins on Embracing the Flexibility of Renting Mar 26, 2024

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 2669:

JL Collins's exploration of the emotional and financial facets of homeownership versus renting, "Roots versus Wings," delves into his personal journey from owning houses he didn't love to embracing the flexibility of renting. He contrasts the deep-seated desire for a permanent home with the liberating option of mobility, framing the debate within a broader historical context of human settlement and mobility. Collins emphasizes the importance of understanding the financial implications of our living choices, advocating for a conscious decision-making process that balances emotional desires with economic realities.

Read along with the original article(s) here: https://jlcollinsnh.com/2013/03/20/roots-v-wings-considering-home-ownership/

Quotes to ponder:

"The choice is yours. But as with everything you chose to buy, be sure you take the time to know what it will cost."

Episode references:

The 2023 State of the Nation's Housing report: https://www.jchs.harvard.edu/state-nations-housing-2023

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2668: 7 Steps to Take to Live with Financial Freedom by Neiko Johnson with Money Mini Blog Mar 25, 2024

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 2668:

Neiko Johnson with MoneyMiniBlog.com unveils the critical steps toward achieving financial freedom, emphasizing the importance of understanding personal financial goals, creating and adhering to a budget, eliminating debt, saving effectively, and investing in one's future. Johnson's guide is a roadmap for anyone looking to escape the paycheck-to-paycheck lifestyle and secure a financially stable future.

Read along with the original article(s) here: https://moneyminiblog.com/budgeting/7-steps-to-financial-freedom/

Quotes to ponder:

"When you travel towards success, you must go through the road of pain first."

"A budget puts you in control and gives you the ability to tell your money how to behave."

"Being financially free simply means you control your finances."

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2667: Do You Use Work As An Excuse Not To Reach Financial Independence? by Kevin of Financial Panther Mar 24, 2024

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 2667:

Kevin from FinancialPanther.com challenges the notion of using work as an excuse to avoid pursuing financial independence. He argues that even those who enjoy their jobs should strive for financial freedom to truly understand if their work passion stems from interest or necessity. This perspective invites readers to reconsider their savings habits and the underlying motives behind their work-life choices, encouraging a shift towards financial autonomy and the liberation it brings.

Read along with the original article(s) here: https://financialpanther.com/use-work-excuse-not-reach-financial-independence/

Quotes to ponder:

"Even if you have no intention of retiring, you still need to save money."

"The only true way to know if you enjoy working is to save aggressively to the point where you could retire early if you wanted to."

"Enjoying work and reaching financial independence aren’t mutually exclusive."

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2666: 5 Tips to Make Your Groceries Last Two Weeks by Shawna Scafe of Simple on Purpose Mar 24, 2024

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 2666:

Shawna Scafe of Simple on Purpose.ca shares insightful tips on extending grocery shopping to a two-week cycle, a practical approach for those aiming to minimize frequent store visits while adhering to budget and meal planning. This guide not only offers a strategy to tackle the challenge of keeping groceries fresh but also emphasizes the importance of inventory management, proper food storage, and mindful consumption to make the most out of your grocery haul.

Read along with the original article(s) here: https://simpleonpurpose.ca/two-week-groceries/

Quotes to ponder:

"Our cupboards are full of money we’ve already spent and forgot about. Gotta use this stuff up!"

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2665: Why the Small Things Matter by Andrew of Dollar After Dollar on Excessive Spending Mar 23, 2024

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 2665:

Andrew of DollarAfterDollar.com draws an intriguing parallel between the "Broken Windows" theory and our financial habits, emphasizing the significant impact small, seemingly negligible habits can have on our overall financial health. By addressing these "financial broken windows," such as excessive spending in one area, we can prevent larger issues from arising and ensure our money works better for us.

Read along with the original article(s) here: https://www.dollarafterdollar.com/why-the-small-things-matter/

Quotes to ponder:

"Once disorder begins, things can get out of control."

"If you are not getting what you intend out of your money, it is time to fix the 'broken windows'."

"Time is the most valuable financial asset we have."

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2664: Stuff We Just Stopped Buying by Lisa Harrison of Mad Money Monster on Saving Big Mar 22, 2024

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 2664:

Diania Merriam shares insights from Lisa Harrison of MadMoneyMonster.com, who reflects on everyday items she and her partner stopped buying to achieve significant savings. The list includes avoiding new car purchases, cutting cable TV, minimizing paper product expenses, using alternatives to shaving cream, refraining from soda and juice purchases, skipping professional family photos, and being mindful of pet care expenses. The episode highlights how small changes in spending habits can lead to substantial financial benefits over time.

Read along with the original article(s) here: https://madmoneymonster.com/2015/11/06/things-we-just-stopped-buying/

Quotes to ponder:

"I often see posts in various forums or on social media where people like to criticize how other people spend money. But here is the thing, everyone has different preferences, and there are no rules on what makes something a morally good or bad purchase."

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2663: Breaking the Doom Spending Cycle by Sara Stanizai of Prospect Therapy on Developing Healthy Coping Mar 21, 2024

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 2663:

In this episode, Diania Merriam shares Sara Stanizai's post from ProspectTherapy.com, addressing the pervasive issue of doom spending in 2024. Sara explores the connection between anxiety and impulsive spending, defining doom spending as a harmful coping mechanism. The post provides insights into breaking this cycle by understanding its roots and offering practical, healthy coping strategies to manage anxiety effectively.

Read along with the original article(s) here: https://www.prospecttherapy.com/blog/2023/12/1/ky0iiakglgb3uj9id5szt1vwa7ics1-wgbhf-c68kj

Quotes to ponder:

"Doom spending is a term used to describe the pattern of compulsive or impulsive buying driven by feelings of anxiety, stress, or a sense of impending doom."

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2662: Setting Smart Financial Goals by Sierra Black of Get Rich Slowly on Practical Goal-Setting Strategies Mar 20, 2024

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 2662:

In this episode, Diania Merriam narrates Sierra Black's blog post from GetRichSlowly.org, emphasizing the importance of setting smart financial goals. Sierra introduces the SMART goal-setting system, highlighting the need for goals to be Specific, Measurable, Attainable, Realistic, and Timely. The post explains why setting meaningful goals is crucial for financial success and how it serves as a roadmap to guide financial decisions.

Read along with the original article(s) here: https://www.getrichslowly.org/setting-smart-financial-goals/

Quotes to ponder:

"Goals are incredibly powerful tools. They're useful for a diverse array of things, from getting clarity on what you want to staying motivated for the long haul."

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2661: 3 Unconventional Ways to Super-Charge Your Savings by Paula Pant of Afford Anything Mar 19, 2024

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 2661:

In this episode, Diania Merriam narrates Paula Pant's blog post on AffordAnything.com, discussing three unconventional approaches to significantly boost savings. Paula challenges conventional financial advice, suggesting an 80/20 budgeting approach, earning more through side gigs, and making earth-shattering changes to cut back on significant expenses.

Read along with the original article(s) here: https://affordanything.com/3-unconventional-ways-super-charge-savings/

Quotes to ponder:

"Earning extra money, and saving every dime of that excess income, is the single fastest and best way to super-charge your savings rate. Why? In one word: Habit."

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2660: [Part 2] The Stages Of Financial Management by Andrea Joy of Saving Joyfully on Paying Down Debt Mar 18, 2024

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 2660:

In this episode, Diania Merriam continues to narrate Andrea Joy's blog post, "The Stages of Financial Management - Part 2." Andrea reflects on her journey through financial stages, discussing her struggles in making the right financial choices, sacrifices, and gradual progress. She highlights her transition from "Teenager" to "Adulting" by sharing personal experiences such as creating a 401k, saving money, paying down debt, and eventually entering the "Mature" stage. The post concludes with a word of warning about the stages of financial management, emphasizing the need for constant evaluation and adaptability.

Read along with the original article(s) here: https://www.savingjoyfully.com/blog/the-stages-of-financial-management

Quotes to ponder:

"Recognizing the urgency in progressing to the 'Adulting' stage of financial management is another paradigm shift that can be helpful."

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2659: [Part 1] The Stages Of Financial Management by Andrea Joy of Saving Joyfully on Consistent Planning Mar 17, 2024

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 2659:

In this podcast episode, host Diania Merriam reads the first part of Andrea Joy's blog post titled "The Stages of Financial Management." Andrea explores the developmental stages individuals go through in understanding personal financial management. Drawing parallels with the growth process, she discusses stages from being a baby, completely dependent on others, to reaching maturity, characterized by consistent planning, budgeting, savings, and good financial choices. Andrea shares her personal journey between the "Teenager" and "Adulting" stages and the realization of the importance of managing money effectively.

Read along with the original article(s) here: https://www.savingjoyfully.com/blog/the-stages-of-financial-management

Quotes to ponder:

"Financial literacy is not a side effect of wealth. Rather, wealth is a side effect of financial literacy!"

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2658: 5 Eating Goals That Aren't Fad Diets by Rachel Trotta on Sustainable Healthy Changes Mar 17, 2024

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 2658:

In this podcast episode, Dr. Neal narrates Rachel Trotta's blog post, "5 Eating Goals That Aren’t Fad Diets." The post discusses alternatives to restrictive fad diets and introduces five achievable eating goals: cooking more meals at home, changing snacking habits, eating more protein, drinking more water, and tracking or journaling food. These goals focus on sustainable changes that lead to long-term health benefits.

Read along with the original article(s) here: https://racheltrotta.com/fitness/fad-diet/

Quotes to ponder:

"You can change your eating without going on a fad diet with strict rules. These small shifts are approachable, easier to maintain over time, and will add up to big results."

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2657: 6 Ways to Strengthen Your Retirement Savings This Year by Stacker of Radical FIRE on Financial Spring Cleaning Mar 16, 2024

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 2657:

Host Diania Merriam introduces the blog post by Stacker with RadicalFIRE.com, which provides valuable insights on strengthening retirement savings. The article suggests practical tips, including assessing net worth, prioritizing debt payment, cutting unnecessary subscriptions, boosting emergency funds, maximizing 401(k) contributions, and setting new savings goals. The episode aims to guide listeners in optimizing their finances for a secure retirement.

Read along with the original article(s) here: https://radicalfire.com/retirement-savings/

Quotes to ponder:

"Saving for retirement, like many personal goals, is not a competition against anyone else. But, like other goals, sometimes you need to stretch your horizons to continue to grow."

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2656: Money Talks, But Do You Speak the Language? by Kathleen Coxwell of New Retirement on Building Wealth Mar 15, 2024

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 2656:

In this podcast episode, host Diania Merriam narrates a blog post by Kathleen Coxwell of NewRetirement.com. The post discusses the often confusing language of personal finance, breaking down essential financial concepts and terms to empower listeners in their financial journey. The episode aims to demystify topics like inflation, assets, diversification, cash flow, rate of return, risk tolerance, assumptions, home equity, present value/future value, and lifetime income.

Read along with the original article(s) here: https://www.newretirement.com/retirement/money-talks-but-do-you-speak-the-language/

Quotes to ponder:

"Lifetime income refers to income that you will receive for as long as you live, no matter how long that turns out to be."

Episode references:

"The Simple Path to Wealth" by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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2655: When it Comes to Financial Advice, Follow the Money by Erik Carter of Financial Finesse Mar 14, 2024

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 2655:

Erik Carter of FinancialFinesse.com illuminates the often-overlooked conflicts of interest in the financial planning industry, drawing from his extensive career to explore how financial incentives can shape advice. He advocates for unbiased financial guidance, suggesting options like employer-provided financial education or independent advisors who charge flat or hourly fees, to ensure that financial advice serves the client's best interests, not the advisor's financial gain.

Read along with the original article(s) here: https://www.financialfinesse.com/2012/01/19/3317/

Quotes to ponder:

"It is difficult to get a man to understand something when his salary depends upon his not understanding it."

"Unfortunately, they have a conflict of interest. This is the main issue that I have with most of the 700,000 people who call themselves financial advisors."

"The way they are compensated means that most of us will never have access to unconflicted financial advice."

Episode references:

Let's Make a Plan: https://www.letsmakeaplan.org/

EconoMe Conference YouTube Channel: https://www.youtube.com/channel/UCaZHcGgBO42McWZPaSIJhYw

Hello Nectarine: https://hellonectarine.com/

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2654: Stupid Or Smart? (Getting A Loan To Pay Off Your Debt) by Philip Taylor of PT Money Mar 13, 2024

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 2654:

Philip Taylor of PTMoney.com delves into the complex decision of using loans to pay off debt, offering a critical examination of various loan types and their implications. Taylor emphasizes the importance of addressing the underlying causes of debt and exploring self-managed debt reduction strategies, cautioning against the potential pitfalls of simply transferring debt through loans without solving the root financial behaviors.

Read along with the original article(s) here: https://ptmoney.com/getting-a-loan-to-pay-off-debt/

Quotes to ponder:

"Just because you can get a loan to pay off your debt, doesn’t mean you should."

"People who consolidate debts this way often find themselves in dangerous levels of debt again."

"Shortcuts might help you get out of debt quicker, but your habits will inevitably land you back in debt eventually."

Episode references:

Ramsey Solutions' Debt Snowball Calculator: https://www.ramseysolutions.com/debt/debt-calculator

Calculator.net's Debt Payoff Calculator: https://www.calculator.net/debt-payoff-calculator.html

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2653: Mindful Money by Ira Israel on Scarcity Mentality, Abundance & Financial Freedom Mar 12, 2024

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 2653:

Ira Israel explores the profound relationship between our mindset towards money and overall happiness in "Mindful Money." He delves into societal views on wealth, contrasting the scarcity mentality with beliefs in abundance and how these perspectives shape our lives. Israel's insights encourage a reflective examination of our own attitudes towards money, urging a shift towards valuing freedom and personal fulfillment over financial status.

Read along with the original article(s) here: https://iraisrael.com/mindful-money/

Quotes to ponder:

"A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do." ~ Bob Dylan

"I desire more freedom, ease, opportunities, and options."

"Any problem that can be solved by money isn’t a real problem."

Episode references:

"Class: A Guide Through the American Status System" by Paul Fussell: https://www.amazon.com/Class-Through-American-Status-System/dp/0671792253

"The Tyranny of the Meritocracy: Democratizing Higher Education in America" by Lani Guinier: https://www.amazon.com/Tyranny-Meritocracy-Democratizing-Education-America/dp/0807078123

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2652: Six Secrets of a Credit Score by J Money of Budgets Are Sexy on Payment History & Financial Habits Mar 11, 2024

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 2652:

J. Money from BudgetsAreSexy.com demystifies the complexities behind credit scores in "Six Secrets of a Credit Score." This insightful piece breaks down the essential components and strategies for optimizing your credit score, from understanding the impact of payment history to the nuances of credit utilization, offering invaluable advice for those looking to secure their financial future.

Read along with the original article(s) here: https://www.budgetsaresexy.com/six-secrets-of-a-credit-score/

Quotes to ponder:

"It’s been a while since I’ve talked about credit scores (mainly because they kinda bore me), but they really ARE important to keep in mind."

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2651: How to Not Panic by Nick Maggiulli of Of Dollars and Data on Financial Stability & Historical Parallels Mar 10, 2024

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 2651:

Nick Maggiulli's insightful exploration in "How to Not Panic" uses historical parallels, particularly from the Spanish flu of 1918, to elucidate how understanding past events can help us maintain composure during financial downturns and market crashes. By drawing on lessons from history, Maggiulli empowers readers to navigate current uncertainties with a sense of calm and perspective, demonstrating that what we face today is not entirely unprecedented.

Read along with the original article(s) here: https://ofdollarsanddata.com/how-to-not-panic/

Quotes to ponder:

"You know history. You understand the risks. And, most importantly, you know yourself. Then you let the chips fall where they may."

Episode references:

"Very, Very, Very Dreadful" by Albert Marrin: https://www.amazon.com/Very-Dreadful-Influenza-Pandemic-1918/dp/1101931469

"Margin Call," film: https://en.wikipedia.org/wiki/Margin_Call

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2650: 8 Edits for a Simpler Better Life by Lisa Avellan of No Sidebar on Minimalism, Simplicity & Intentional Living Mar 10, 2024

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 2650:

Lisa Avellan in "8 Edits for a Simpler Better Life" on No Sidebar explores the concept of minimalism beyond just decluttering, urging readers to critically evaluate and edit even the good in their lives to craft a narrative of simplicity and meaning. Avellan's insights prompt a deeper reflection on how the pursuit of less enables a fuller, more intentional life.

Read along with the original article(s) here: https://nosidebar.com/better-life/

Quotes to ponder:

"Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away."

"Minimalism questions everything. We remove the obvious clutter and then we are left to challenge what we believed to be good and worthy - all that made the cut."

"Minimalism is a paradox of addition by subtraction, adding to our lives by removing the excess."

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2649: 4 Different Types Of Investments Beginners Should Know About by Courtney Luke of Arrest Your Debt Mar 09, 2024

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 2649:

Courtney Luke from ArrestYourDebt.com demystifies the world of investing for novices, offering a concise guide to four fundamental investment types suitable for beginners. With an emphasis on accessibility and risk management, Luke's insights aim to equip new investors with the knowledge needed to start building a diversified portfolio confidently.

Read along with the original article(s) here: https://arrestyourdebt.com/investments-beginners-should-know-about/

Quotes to ponder:

"Investors must be as familiar as possible with the sector of their chosen ETF."

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2648: [Part 2] Could You Be Saving Too Much Money? by Jessica Jokisch of ChristineLuken.com Mar 08, 2024

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 2648:

Jessica Jokisch, with insights from ChristineLuken.com, explores the delicate balance between saving for the future and living for the moment in "Could You Be Saving Too Much Money? - Part 2". She advocates for investing in experiences, or "memory capital," that enrich our lives, and discusses the strategic benefits of giving to charity and family earlier rather than later. Her message is clear: intentional spending can lead to a fuller, more joyful life.

Read along with the original article(s) here: https://www.christineluken.com/could-you-be-saving-too-much-money/

Quotes to ponder:

"You’re buying memories with friends and family that you can relive in your mind or by telling the stories to other people."

"By giving money to your kids, nieces, and nephews before they’re a half-century old, you can give them the magical trifecta: money, time, and health!"

"The ultimate goal of money is to support your happiness, both now and later."

Episode references:

Happy Money: The New Science of Smarter Spending by Elizabeth Dunn & Michael Norton: https://www.amazon.com/Happy-Money-Science-Smarter-Spending/dp/1451665067

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2647: [Part 1] Could You Be Saving Too Much Money? by Jessica Jokisch of ChristineLuken.com Mar 07, 2024

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 2647:

Jessica Jokisch with ChristineLuken.com challenges the conventional wisdom of over-saving in her thought-provoking piece, drawing on insights from Bill Perkins' "Die with Zero." She advocates for a balanced approach to spending and saving, emphasizing the importance of enjoying life's experiences before it's too late. Jokisch's perspective encourages readers to rethink their financial strategies to ensure they're not just accumulating wealth, but also creating meaningful memories.

Read along with the original article(s) here: https://www.christineluken.com/could-you-be-saving-too-much-money/

Quotes to ponder:

"Saved money is meant to be spent, at least eventually!"

"Some life experiences are better when you’re younger."

Episode references:

Die with Zero by Bill Perkins: https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358567092/

Project Big Life Life Expectancy Calculator: https://www.projectbiglife.ca/life-expectancy-calculator

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2646: 401(k) Loans: What Are Their Pros and Cons? by Amanda of Women Who Money on Financial Planning Mar 06, 2024

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 2646:

Amanda from WomenWhoMoney.com explores the nuanced landscape of 401(k) loans, offering a comprehensive guide on their benefits and drawbacks. She delves into the mechanics of borrowing against your 401(k), the implications of such decisions, and provides thoughtful insights on why this option, while tempting, should be approached with caution. This episode promises a deeper understanding of 401(k) loans, empowering listeners with the knowledge to make informed financial decisions.

Read along with the original article(s) here: https://womenwhomoney.com/401k-loan-pros-cons/

Quotes to ponder:

"Borrowing from your 401(k) is essentially borrowing money from yourself, but there’s much more to it than that."

"The interest rate for a 401(k) loan is commonly 1-2% more than the prime rate."

"Most people don’t have pensions anymore, so many will rely on the money saved in their 401(k) to get them by in retirement."

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2645: How To Make Time Equal Money 24 Hours A Day by Steve Chou of My Wife Quit Her Job Mar 05, 2024

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 2645:

Discovering the profound truth behind "Time is money," the author shares a personal journey of realization, sparked by the demands of business and parenthood. The narrative explores the cost of undervaluing one's time through real-life examples, highlighting the shift towards valuing time by investing in activities that yield long-term benefits. This reflection encourages readers to reassess how they budget their time, focusing on projects that offer sustained value rather than short-term savings.

Read along with the original article(s) here: https://mywifequitherjob.com/how-to-make-time-equal-money-24-hours-a-day/

Quotes to ponder:

"Time is not valuable until you do something valuable with it."

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2644: Making The Case For Higher Pay - Why 3 Percent Raises Suck by Chris Reining Mar 04, 2024

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 2644:

Chris Reining's "Making The Case For Higher Pay – Why 3% Raises Suck" explores the transformative power of pursuing significant salary increases over settling for the standard 3% raises. By maximizing earnings while maintaining minimal lifestyle expenses, Reining illustrates how one can drastically boost savings and accelerate towards financial independence. The article serves as a compelling guide for anyone looking to elevate their income potential and manage their career as their most significant asset.

Read along with the original article(s) here: https://chrisreining.com/making-the-case-for-higher-pay-why-3-raises-suck/

Quotes to ponder:

"One of the easiest ways we can save more is so simple it’s brilliant: make more money and keep our spending flat."

"The point, however, is to make as much money as possible as fast as possible so that out of the gate we’re saving more."

Episode references:

So Good They Can't Ignore You by Cal Newport: https://www.amazon.com/Good-They-Cant-Ignore-You/dp/1455509124

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2643: What Type of Investment Account Do I Open? by Robert Farrington of The College Investor Mar 03, 2024

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 2643:

Robert Farrington of TheCollegeInvestor.com demystifies the process of choosing the right investment account, crucial for beginners in the investing world. From brokerage to retirement accounts, he covers the essentials, including tax implications and investment strategies, guiding you to make informed decisions tailored to your financial goals and circumstances.

Read along with the original article(s) here: https://thecollegeinvestor.com/1330/type-investment-account-open/

Quotes to ponder:

"If you are just getting started investing, and don't plan on accessing your investments until retirement, you should consider a retirement account."

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2642: 6 Simple Ways to Create Alone Time in a Crowded Room by Liz Greene of Introvert Dear Mar 03, 2024

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 2642:

Liz Greene of Introvert Dear.com shares invaluable strategies for introverts to carve out moments of solitude even in bustling environments. Her insights offer practical methods for managing sensory overload and nurturing the relationship with oneself amidst the chaos of crowded spaces.

Read along with the original article(s) here: https://introvertdear.com/news/alone-introverts-crowded-room/

Quotes to ponder:

"Compared to extroverts, introverts have a higher baseline level of arousal and use increased mental resources when processing external stimuli."

"Headphones are the introvert’s best friend. Not only do they allow us to drown out intrusive noise, they’re also a well-known social cue to leave the wearer alone."

"Reading is one of the best ways to lower your heart rate, relieve muscle tension, and reduce overall stress. And, strangely enough, reading is one of the ways many introverts socialize."

Episode references:

Study on reading and stress reduction: https://www.theargus.co.uk/news/4245076.reading-can-help-reduce-stress-according-to-university-of-sussex-research/

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2641: How To Talk To Your Kids About Money & Prepare Them To Be Financially Independent Adults by Christina Browning of Our Rich Journey Mar 02, 2024

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 2641:

Christina Browning of OurRichJourney.com shares transformative insights on educating kids about financial independence through simple, relatable experiences. She emphasizes starting financial education early, incorporating discussions on earning, saving, and investing money into everyday conversations, thus preparing children for a financially savvy adulthood.

Read along with the original article(s) here: https://www.ourrichjourney.com/post/how-to-talk-to-your-kids-about-money

Quotes to ponder:

"Talk to them about money, talk to them about debt, and talk to them about investing - because the earlier you begin talking to your children about money, the better prepared they’ll be to achieve financial independence as an adult."

"Money should not be a taboo subject. It touches every aspect of our lives every single day."

"You’ll be amazed by what children can grasp when it comes to learning about money."

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2640: Proof You Can Royally Mess Up with Money and Still Retire Early by Lisa Harrison of Mad Money Monster Mar 01, 2024

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 2640:

Lisa Harrison of MadMoneyMonster.com shares a powerful message of hope and resilience in personal finance, illustrating that even with a history of financial missteps, achieving early retirement is still within reach. Through her own journey and mistakes with money, Lisa highlights the transformative power of adopting a frugal mindset, investing wisely, and the importance of not letting past errors define your financial future.

Read along with the original article(s) here: https://madmoneymonster.com/2018/01/25/proof-can-royally-mess-up-money-still-retire-early/

Quotes to ponder:

"Right around that same time, we committed to living a frugal lifestyle and making the state of our finances a major priority in our lives. What we wanted most of all were options. And we realized that money gives you options."

"We’re living proof that you can royally mess up with money and still retire early, really early."

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2639: Questions to Ask When Applying for a Loan by Jeff Rose of Good Financial Cents on Financial Decision Feb 29, 2024

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 2639:

Jeff Rose of GoodFinancialCents.com offers pivotal guidance on the contemplations needed before taking out a personal loan. Highlighting the importance of understanding one's financial goals, the amount needed, and the terms of repayment, Rose's insights aim to empower individuals to make informed, strategic decisions about borrowing, ensuring financial health and stability.

Read along with the original article(s) here: https://www.goodfinancialcents.com/questions-to-ask-when-applying-for-loan/

Quotes to ponder:

"Before you take out a personal loan, take a close look at your financial picture to determine if it’s the right financial tool for your needs."

"While personal loans can provide cash for many different needs, it’s important to make sure you only borrow what you can afford to repay."

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2638: Breaking the Stress Spending Cycle by Kristin Wong with Get Rich Slowly on Emotional & Conscious Consumerism Feb 28, 2024

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 2638:

Kristin Wong's exploration of "Breaking the Stress Spending Cycle" on GetRichSlowly.org delves into the perils of emotional and convenience spending triggered by stress. Wong shares personal anecdotes and practical strategies to combat impulsive purchases, emphasizing the importance of conscious consumerism and the impact of stress spending on financial goals and health. Her insights offer valuable lessons on breaking the cycle through self-awareness and proactive planning.

Read along with the original article(s) here: https://www.getrichslowly.org/breaking-the-stress-spending-cycle/

Quotes to ponder:

"I stress spend. I get mad at my bad decision. This adds to my stress. I stress spend."

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2637: Are Those Golden Handcuffs On Too Tight? by Helene Massicotte of Free to Pursue on Financial Independence & Freedom Feb 27, 2024

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 2637:

Helene Massicotte of FreeToPursue.com challenges the allure of "golden handcuffs," the financial incentives that keep us tethered to jobs that might not fulfill us. Through her personal journey and practical advice, she explores the importance of financial independence, the illusion of security from employer-provided benefits, and the value of pursuing a life defined by more than just monetary gains.

Read along with the original article(s) here: http://www.freetopursue.com/blog/2016/5/10/are-those-golden-handcuffs-on-too-tight

Quotes to ponder:

"You are an economic unit. You know your job is to maximize the resources you have at your disposal to lead the best life you can lead."

"If the only reasons you can think of to stay with your current employer are monetary, and your work life is an important way in which you define yourself, it's time to take a hard look at your situation."

Episode references:

Risk Parity Radio: https://www.riskparityradio.com/

Mindy on Money podcast "Diania Merriam and mindset: from scarcity to abundance": https://mindyonmoney.com/s1/10

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2636: Understanding 401k Loans by Mike Ballew of EggStack on Double Taxation & Financial Ruin Feb 26, 2024

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 2636:

Mike Ballew of EggStack.com delves into the intricacies of 401(k) loans, highlighting the consequences such as lost investment opportunities, the impact on future contributions, and the double taxation dilemma. Ballew advises against 401(k) loans, suggesting lifestyle adjustments or hardship withdrawals as preferable alternatives, underlining the importance of preserving retirement savings for financial security.

Read along with the original article(s) here: https://eggstack.com/blog/2021-06-13-Understanding-401(k)-Loans/

Quotes to ponder:

"A 401(k) loan is a bad idea. Not only does it do significant harm to your retirement savings, it places you at risk for a calamity that could lead to your financial ruin."

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2635: Money Can’t Buy Happiness (Trust Me, I’ve Tried) by Jane Hwangbo with NoSidebar on Consumerism Feb 25, 2024

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 2635:

Jane Hwangbo shares a poignant journey from consumerism to purposeful living in "Money Can’t Buy Happiness (Trust Me, I’ve Tried)" on NoSidebar.com. Through personal anecdotes of lavish spending, emotional turmoil, and ultimate realization, Hwangbo illustrates the emptiness of materialism and the fulfillment found in serving others. Her story is a compelling testament to reevaluating what truly matters in life.

Read along with the original article(s) here: https://nosidebar.com/important/

Quotes to ponder:

"When you build a financial life based on consuming, you feel like there’s a bottomless pit inside you."

"Now I know that I’m nobody unless I’m helping somebody."

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2634: The Foodie's Guide to Getting Fit by Rachel Trotta on How To Identify Your Relationship with Food Feb 25, 2024

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 2634:

Rachel Trotta explores the balance between savoring food and maintaining fitness goals in "The Foodie’s Guide to Getting Fit." She encourages readers to differentiate between a love for food and unhealthy eating habits, offering strategies for appreciating food within the context of a healthy lifestyle. Trotta's insights help food enthusiasts navigate the journey towards a better relationship with eating without sacrificing their epicurean pleasures.

Read along with the original article(s) here: https://www.racheltrotta.com/fitness/the-foodies-guide-to-getting-fit/

Quotes to ponder:

"What we do EVERY DAY matters more than what we do ONCE IN A WHILE."

"The most basic self-reflection question you can ask is: What food behaviors improve quality of my life, and which food behaviors take away from quality of life?"

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2633: How to Save Money by Spending Money on Yourself (No, Really) by Charlie Johnson with JackieBeck.com Feb 24, 2024

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 2633:

Discover how Charlie Johnson's unique approach to managing finances can revolutionize your savings strategy. By focusing on spending money on what genuinely brings joy and cutting out unnecessary expenses, Johnson shares his personal journey of escaping $25,000 in credit card debt in just four months. This method not only promises a healthier bank account but also a happier life by aligning your expenditures with true happiness.

Read along with the original article(s) here: https://www.jackiebeck.com/how-to-save-money-by-spending-on-yourself-no-really/

Quotes to ponder:

"The goal here is to figure out which expenses are important for you to enjoy life, spend money on them, and then cut costs in a big way on everything else."

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2632: The Secret to Financial Discipline, Confidence, and Better Results? A Planning Mindset! by Kathleen Coxwell of New Retirement Feb 23, 2024

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 2632:

Kathleen Coxwell of NewRetirement.com reveals that adopting a "planning mindset" is pivotal for financial success. This approach emphasizes strategic thinking, time management, and flexibility, guiding individuals towards achieving their goals more efficiently. Coxwell's insights encourage readers to shift focus towards process-oriented thinking to cultivate discipline, confidence, and improved financial outcomes.

Read along with the original article(s) here: https://www.newretirement.com/retirement/planning-mindset-happy-retirement/

Quotes to ponder:

"People with a planning mindset are proactive, forward-thinking, and tend to be more successful in reaching their objectives compared to those who do not prioritize planning."

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2631: 10 Easy-to-Follow Money Rules to Improve Your Financial Health by Ramit Sethi of I Will Teach You to Be Rich Feb 22, 2024

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 2631:

Ramit Sethi shares transformative financial wisdom in "10 Easy-to-Follow Money Rules to Improve Your Financial Health," offering a personalized approach to managing finances. From maintaining a year's worth of emergency funds to investing in one's health and education without limits, Sethi emphasizes the importance of creating financial rules that align with individual values and priorities, encouraging readers to tailor these guidelines to forge their path to financial wellness.

Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/money-rules/

Quotes to ponder:

"The key to building financial health is to give yourself rules, but make them work for you."

"Your money rules are just as much about investing in yourself, especially when that investment can help you make even more money."

Episode references:

"I Will Teach You to Be Rich" by Ramit Sethi: https://www.iwillteachyoutoberich.com/books/

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2630: Good Financial Habits You Learn from Being in Debt by Good Nelly with HelloBrownlow on Budgeting, Value of Money & Frugal Living Feb 21, 2024

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 2630:

Good Nelly, writing for HelloBrownlow.com, highlights the transformative power of overcoming debt and how it can instigate the adoption of sound financial habits. Through the crucible of debt repayment, individuals learn the importance of budgeting, the value of money, frugality, and the discernment between wants and needs, setting a foundation for a secure financial future and imparting valuable lessons on money management to the next generation.

Read along with the original article(s) here: https://hellobrownlow.com/2018/12/19/what-good-financial-habits-you-learn-from-being-in-debt/

Quotes to ponder:

"When you try to pay off debt, every cent counts. So, you develop the habit of tracking each and every dollar you earn."

"Following good financial habits is not enough; it is also your responsibility to teach your children about strong financial habits."

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2629: The Three Most Amazing Types of Freedom by Paula Pant of Afford Anything on Eliminating Debt & Financial Independence Feb 20, 2024

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."

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2628: What to Do if You Can't Afford to Pay Your Bills by Kumiko of The Budget Mom on Financial Struggles Feb 19, 2024

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/

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2627: Rich As I Say, Not As I Do by Nick Maggiulli of Of Dollars and Data on Wealth-Building & Financial Advice Feb 18, 2024

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/

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2626: 8 Tools to Get Control of your Anxiety by Rachel Shanken of Mind Body Wise on Neuroscience Feb 18, 2024

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."

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2625: 5 Tips For Saving On Groceries And Staying On Budget by Courtney Luke of Arrest Your Debt on Grocery Meal Planning Feb 17, 2024

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."

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2624: [Part 2] How To Come Up With A Financial Plan Without Visiting A Professional by Jim Wang with Making Sense of Cents Feb 16, 2024

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.html

Episode references:

4% Withdrawal Rule: [https://www.investopedia.com/terms/f/four-percent-rule.asp]

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2623: [Part 1] How To Come Up With A Financial Plan Without Visiting A Professional by Jim Wang with Making Sense of Cents Feb 15, 2024

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.html

Quotes 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."

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2622: Money Lessons From Spinning Class by Vicki Cook of Women Who Money on Social Interaction & Investment Feb 14, 2024

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]

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2621: Five Things You NEED to Know Before Buying a House by James Altucher on Home Ownership & Hidden Costs Feb 13, 2024

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 2621:

James Altucher brings a critical perspective to the topic of home ownership. He challenges the conventional wisdom of buying a house, citing personal financial losses and the stress associated with selling properties. Altucher urges potential buyers to consider the hidden costs and risks of owning a home, emphasizing that it's not just an investment but also a significant responsibility. He outlines a checklist for those adamant about purchasing a house, highlighting aspects like maintenance, understanding real costs, and having substantial financial reserves.

Read along with the original article(s) here: https://jamesaltucher.com/blog/five-things-you-need-to-know-before-buying-a-house/

Quotes to ponder:

"The white picket fence is the prison bars."

"Be an explorer, not a prisoner."

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2620: Playing Financial Chess by ESI of ESI Money on Money Management & Wealth Building Feb 12, 2024

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]

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2619: Ways To Save On Food That Don’t Require Extreme Couponing by Tania Brown of Financial Finesse Feb 11, 2024

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/

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2618: 7 Steps to Financially Prepare for a New Baby by Amy Beardsley with Smart Money Mamas Feb 11, 2024

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]

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2617: Practical Magic for Your Money by Jessica Jokisch of ChristineLuken.com on Financial Dignity & Psychology Feb 10, 2024

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-peace

Certified 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

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2616: 7 Tips For Living on an Inconsistent Income by Marc with Mad Money Monster on Budgeting Strategies & Emergency Fund Feb 09, 2024

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."

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2615: Getting My Wife on Board With the FIRE Lifestyle by Joel with Budgets Are Sexy on Financial Partnership & Passive Income Feb 08, 2024

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."

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2614: Pick Your Hobbies Strategically and Save by Honey Smith of Get Rich Slowly on Skill Development & Financial Management Feb 07, 2024

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."

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2613: We Decided To Pay Cash For Everything (Here’s What Happened Next!) by Jason Price with PT Money Feb 06, 2024

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."

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2612: The Internal Financial Struggle by Andrea Joy of Saving Joyfully on Budget Management & Debt Reduction Feb 05, 2024

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-struggle

Quotes 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."

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2611: Place is Core to Financial Planning by Ryan Frederick of Here.life on Housing Decisions & Investment Potential Feb 04, 2024

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-planning

Quotes 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."

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2610: How to Scale Down Exercise Instead of Skipping It When You Feel Low by Rachel Trotta on Workout Consistency Feb 04, 2024

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."

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2609: [Part 2] The False Choices That Steal Our Future by Liz of Frugalwoods on Financial Independence & Non-Conformity Feb 03, 2024

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 2609:

In "The False Choices That Steal Our Future - Part 2," Liz from Frugalwoods.com elaborates on her journey towards financial independence with Mr. FW, emphasizing the importance of independent thinking and rejecting societal norms. They focus on living a life of meaningful choices rather than succumbing to consumerism, proving that happiness and fulfillment come from freedom and simplicity, not material possessions.

Read along with the original article(s) here: https://www.frugalwoods.com/2015/07/29/the-false-choices-that-steal-our-future/

Quotes to ponder:

"Learning what edifies our souls, brings us lasting joy, and enables us to project positivity into the world is the only answer to our problems."

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2608: [Part 1] The False Choices That Steal Our Future by Liz of Frugalwoods on Frugal Living & Conscious Choice Feb 02, 2024

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 2608:

Liz of Frugalwoods.com challenges the conventional consumerist mindset in "The False Choices That Steal Our Future - Part 1," advocating for a life of conscious frugality and meaningful choices. She and Mr. Frugalwoods exemplify this by prioritizing choice of life circumstances over material goods, finding freedom and genuine happiness in simplicity and non-conformity to societal pressures.

Read along with the original article(s) here: https://www.frugalwoods.com/2015/07/29/the-false-choices-that-steal-our-future/

Quotes to ponder:

"Genuine happiness stems from doing what you want with the people you love and not hewing to the arbitrary standards established by corporations."

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2607: Retirement Planning at Midlife: 6 Tips for a Secure Future by Kathleen Coxwell of New Retirement Feb 01, 2024

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 2607:

Kathleen Coxwell from NewRetirement.com presents a practical approach to midlife retirement planning in "Retirement Planning at Midlife: 6 Tips for a Secure Future." She emphasizes the importance of saving, investing wisely, setting clear goals, and considering key life decisions, such as housing and debt management, to prepare for a financially secure retirement.

Read along with the original article(s) here: https://www.newretirement.com/retirement/retirement-planning-at-midlife/

Quotes to ponder:

"Midlife is a time when goals can become clearer because you have so much more information to work with."

Episode references:

NewRetirement Retirement Calculator: https://www.newretirement.com/retirement-calculator/

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2606: 5 Rules for Having a Constructive Conflict Conversation About Money by Kyle Benson of Gottman Jan 31, 2024

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 2606:

Kyle Benson from Gottman.com explores the complexities of financial conflicts in relationships, emphasizing that disagreements about money often stem from differing values and meanings attached to it. He offers five rules for having constructive conversations about money, focusing on mutual understanding, respect, and validation rather than mere persuasion or argument.

Read along with the original article(s) here: https://www.gottman.com/blog/5-rules-constructive-conflict-conversation-money/

Quotes to ponder:

"Conflicts about money in a marriage aren’t really about money. Most arguments are about what money means to each person in the relationship."

"Happy couples start conflict conversations gently and allow their partner to influence them."

"There is only one essential assumption that will make the conversation about hurt feelings or the aftermath of a fight workout constructively: that in every disagreement or miscommunication, there are always two points of view, and they are both valid."

Episode references:

The Intimate Enemy by George Bach: https://www.amazon.com/Intimate-Enemy-Fight-Fair-Marriage/dp/068801884X

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2605: An Introduction to Frugal Hedonism by Annie Raser-Rowland of Becoming Minimalist on Minimalism & Self-Reliance Jan 30, 2024

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 2605:

Annie Raser-Rowland, featured on BecomingMinimalist.com, challenges the traditional views of luxury and indulgence in "An Introduction to Frugal Hedonism." She advocates for a lifestyle that embraces minimalism and self-reliance, finding joy and freedom in simpler, less materialistic choices.

Read along with the original article(s) here: https://www.becomingminimalist.com/frugal-hedonism/

Quotes to ponder:

"A Frugal Hedonist declares that it’s ridiculous to suffer from the living being too good, and looks for the sweet spot."

Episode references:

The Art of Frugal Hedonism: A Guide to Spending Less While Enjoying Everything More: https://www.frugalhedonism.com/

EconoMe Conference: https://economeconference.com/ (use the code OFD for a 10% discount)

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2604: Here's When To Buy Your First House by Camilo Maldonado of The Finance Twins on Homeownership & Financial Readiness Jan 29, 2024

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 2604:

Camilo Maldonado of TheFinanceTwins.com delves into the critical considerations of buying a first home, debunking the myth that homeownership is always a wise investment and exploring the realities of renting versus buying. He emphasizes the importance of evaluating personal, professional, and financial readiness before making this significant life decision.

Read along with the original article(s) here: https://thefinancetwins.com/when-to-buy-your-first-house/

Quotes to ponder:

"For most people, homes will be the most significant purchase they make, so it is crucial to understand whether you are ready to make the jump, or whether you should hold off a bit longer."

"The most important thing is making sure your social, professional, and financial lives are all ready! It’s better to delay and make the right decision than to rush and make a choice that is tough (and costly) to unwind."

Episode references:

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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2603: Choose Your Status Game Wisely by Nick Maggiulli of Of Dollars and Data on Life Choices, Personal Identity & Social Value Jan 28, 2024

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 2603:

Nick Maggiulli of OfDollarsAndData.com delves into the intricacies of the status game, emphasizing its relative nature across different communities and fields. He urges readers to wisely choose their status games, warning of the potential pitfalls of obsessing over wealth, beauty, or fame. Maggiulli advocates for diversifying one's sources of status to avoid the stress of maintaining a singular identity and the relentless pursuit of superiority in one field.

Read along with the original article(s) here: https://ofdollarsanddata.com/choose-your-status-game-wisely/

Quotes to ponder:

"Whatever status game you choose in life ultimately determines what you optimize for."

"Status is relative to the context in which it is being evaluated."

"The way out is building a solid foundation of status in multiple things."

Episode references:

"Why Zebras Don’t Get Ulcers" by Robert Sapolsky: https://www.amazon.com/Why-Zebras-Dont-Ulcers-Third/dp/0805073698/

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2602: Learning to Listen for a Life of Purpose, Health & JOY by Krista O'Reilly-Davi-Digui of A Life In Progress Jan 28, 2024

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 2602:

Krista O'Reilly Davi-Digui of aLifeInProgress.ca shares her personal journey of learning to listen to her inner voice, illustrating how it guided her through life-changing decisions and moments. Emphasizing the importance of intuition in making choices, from marriage to home buying and personal health, she underscores how listening to oneself can lead to a life filled with purpose, health, and joy.

Read along with the original article(s) here: https://www.alifeinprogress.ca/learning-listen-life-purpose-health-joy/

Quotes to ponder:

"Maybe the right choice cannot be determined by logic alone."

"Learning to listen is a journey: a process of building trust, offering ourselves forgiveness, living eyes and heart wide open."

"Learning to listen is a beautiful, life-giving act of self-care."

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2601: 5 Ways To Minimize Debt and Increase Your Retirement by Courtney Luke of Arrest Your Debt on Credit Card Management Jan 27, 2024

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 2601:

Courtney Luke of ArrestYourDebt.com offers practical advice for breaking free from the debt cycle and bolstering retirement savings. She emphasizes the importance of curtailing credit card use, adopting a frugal lifestyle, ensuring minimum payments, increasing monthly payments, and pursuing side hustles. These strategies aim to shift from a debt-laden life to one of financial freedom and security for the future.

Read along with the original article(s) here: https://arrestyourdebt.com/minimize-debt-and-increase-retirement/

Quotes to ponder:

"The danger with skipping payments is you may get used to this cycle, which will only add additional late payments and interest on top of the amount you originally owed."

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2600: [Part 2] How We Saved Multi-Millions by Go Curry Cracker on Saving Strategy & Compound Interest Jan 26, 2024

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 2600:

Go Curry Cracker, aka Jeremy Jacobson, demystifies the journey to saving multi-millions. He describes a lifestyle focused on intentional living and smart financial choices, like saving a high percentage of income and harnessing the power of compound interest. Jacobson counters common criticisms with his own experiences, proving that financial independence is achievable through prudent decisions and investments, not luck or inheritance.

Read along with the original article(s) here: https://www.gocurrycracker.com/how-we-saved-multi-millions/

Quotes to ponder:

"Every story and person is unique and just because it’s possible for one person to overcome certain hardships in life, doesn’t mean it’s appropriate to say 'if I can do it, so can you'."

References:

Tedx Talk by Jeremy Jacobson: https://www.youtube.com/watch?v=SwoeplkovC4&ab_channel=TEDxTalks

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2599: [Part 1] How We Saved Multi-Millions by Go Curry Cracker on Financial independence & Overcoming Adversity Jan 25, 2024

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 2599:

Go Curry Cracker, blogging from Osaka, recounts his and his wife's journey from challenging beginnings to financial success. Despite a childhood near poverty and burdensome student loans, they managed to save multi-millions, highlighting that overcoming adversity is possible and financial success isn't solely determined by one's starting point.

Read along with the original article(s) here: https://www.gocurrycracker.com/how-we-saved-multi-millions/

Quotes to ponder:

"Every story and person is unique and just because it’s possible for one person to overcome certain hardships in life, doesn’t mean it’s appropriate to say 'if I can do it, so can you'."

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2598: Should You Borrow Money From Friends or Family? by Amanda Kruse of Women Who Money on Asking Loved Ones For Money Jan 24, 2024

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 2598:

Amanda Kruse of WomenWhoMoney.com delves into the complexities of borrowing money from friends or family. She explores the emotional and practical implications, weighing the pros and cons, and provides guidelines for doing so responsibly. The article underscores the importance of considering all options, understanding the impact on relationships, and ensuring clear communication and agreements to maintain healthy relationships while addressing financial needs.

Read along with the original article(s) here: https://womenwhomoney.com/should-you-borrow-money-from-friends-or-family/

Quotes to ponder:

"When money is involved in a relationship, feelings of resentment, trust issues, and differences in opinion can result."

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2597: An Early Warning System for Your Investment Portfolio by Darrow Kirkpatrick of Can I Retire Yet on Diversification Jan 23, 2024

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 2597:

Darrow Kirkpatrick outlines a comprehensive strategy for monitoring and managing investment portfolios, emphasizing diversification and risk management. He provides practical advice on balancing stocks, bonds, real estate, and commodities, along with considering inflation protection and international exposure to ensure a well-rounded financial plan.

Read along with the original article(s) here: https://www.caniretireyet.com/an-early-warning-system-for-your-investment-portfolio/

Quotes to ponder:

"Inflation is the termite of the financial world, silently eating away at your nest egg."

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2596: Money Management Tips by Sandra Kenrick with I Will Teach You To Be Rich on Personal Finance Jan 22, 2024

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 2596:

Sandra Kenrick offers insightful money management strategies, focusing on the importance of mindset, automating finances, conscious spending, retirement planning, and investing. Her approach emphasizes the power of intentional financial habits and leveraging tools for long-term wealth building.

Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/blog/money-management-tips/

Quotes to ponder:

"Your financial goals, along with a streamlined method for managing your personal finances, will determine your financial situation in the long run."

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2595: How to Live Well on One Income + 6 Tips to Make it Work by Amanda Brownlow of Hello Brownlow on Family Finances and Frugality Jan 21, 2024

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 2595:

Amanda Brownlow shares her journey and practical tips for thriving on a single income. She emphasizes the importance of budgeting, minimizing possessions, setting goals, and maintaining a positive mindset. These strategies are crucial for families looking to simplify their financial life and focus on what truly matters.

Read along with the original article(s) here: https://hellobrownlow.com/2019/08/21/how-to-live-well-on-one-income-6-tips-to-make-it-work/

Quotes to ponder:

"I AM a good mother and a good wife. It might get hard and you might lose sight of why you went to one income. But remember why you’re doing this."

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2594: 6 Home Decluttering and Organizing Tips for Busy Parents by Rose Lounsbury on Practical Steps For a Clean Home Jan 21, 2024

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 2594:

Rose Lounsbury, a simplicity coach and mother, shares transformative decluttering and organizing tips for busy parents. Her insightful advice includes starting with personal items, establishing simple routines, and embracing minimalism over mere organization. These practical tips are aimed at creating a clutter-free, serene home environment.

Read along with the original article(s) here: https://roselounsbury.com/6-home-decluttering-and-organizing-tips-for-busy-parents/

Quotes to ponder:

"There’s a huge difference between simplicity and organization.”

Episode references:

Rose Lounsbury's TEDx Talk on Decluttering Towels: https://youtu.be/VlA7qgySO0I?si=THubbhPPzOeY63rs

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2593: 4 Reasons You Should Rollover Your 401(k) Into an IRA by Jeff Rose of Good Financial Cents on Retirement Account Options Jan 20, 2024

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 2593:

Jeff Rose of GoodFinancialCents.com explores the advantages of rolling over a 401(k) into an IRA, highlighting benefits like a wider range of investment choices, streamlined financial management, better control over retirement income, and more flexibility in handling required minimum distributions.

Read along with the original article(s) here: https://www.goodfinancialcents.com/should-your-rollover-your-401k-into-an-ira/

Quotes to ponder:

"Once you roll over to an IRA, you have some discretion, as far as how much taxes you want to be withheld from your distributions."

"Having more investment choices to me is the biggest reason why you should do this."

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2592: What It Takes To Save Money During Tough Times by Lisa Harrison of Mad Money Monster on Keeping Your Finances Safe Jan 19, 2024

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 2592:

Lisa Harrison of MadMoneyMonster.com offers practical strategies for saving money during challenging times. She emphasizes the importance of understanding your true financial situation, seeking professional advice, establishing a budget, starting to save small amounts, maintaining transparency, setting up distinct funds, and persistently working towards your saving goals.

Read along with the original article(s) here: https://madmoneymonster.com/2022/12/22/what-it-takes-to-save-money-during-tough-times/

Quotes to ponder:

"Saving money is as much about discipline as it is about the money you save."

Episode references:

NerdWallet: The Best Budget Apps for 2024

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2591: 7 Mentally Strong Financial Traits by Andrew of Dollar After Dollar on Psychology of Spending Money Jan 18, 2024

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 2591:

Andrew of DollarAfterDollar.com outlines seven key traits of mentally strong individuals in the context of financial success. He emphasizes the importance of understanding the long-term impact of financial decisions, removing emotion from financial choices, persistently sticking to a financial plan, overcoming fear and failure, adapting to setbacks, being willing to work hard, and continuously learning. Andrew highlights how these traits contribute to building wealth and achieving financial goals. He cites examples such as investing consistently, learning from mistakes, and gaining financial knowledge to become self-reliant in managing finances.

Read along with the original article(s) here: https://www.dollarafterdollar.com/7-mentally-strong-financial-traits/

Quotes to ponder:

"Money is a mental game."

"If you invest $20 a week with the market average of 8% interest, you would have $51,310.30 in 20 years."

"The greatest money mind of all time, Warren Buffet, is known to read 80% of his work day."

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2590: Should You Buy a Fixer-Upper? by Lisa Aberle of Get Rich Slowly on Real Estate Investing Jan 17, 2024

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 2590:

Lisa Aberle of GetRichSlowly.org delves into the pros and cons of buying a fixer-upper. She shares her personal experiences with two different fixer-upper homes, providing insights and practical advice for those considering such a purchase. Lisa emphasizes the importance of an honest self-appraisal regarding one's skills, willingness to undertake repairs, and the ability to live in an ongoing project. She also advises on assessing the home's condition and potential renovation costs. Her three key rules are: buy below the average cost in a good neighborhood, find a house with quality construction, and prefer cosmetic upgrades over major projects. Despite the allure of fixer-uppers, she cautions against underestimating the challenges and costs involved.

Read along with the original article(s) here: https://www.getrichslowly.org/should-you-buy-a-fixer-upper/

Quotes to ponder:

"Fixer-upper (noun). A home you purchase at a reasonable price, but one that requires an unreasonable amount of money in repairs and renovations."

"So before you fall in love with a fixer-upper, ask yourself if this is a decision you can live in."

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2589: Are 70% of American Men Lying? By Chris Guillebeau on Lifestyle Design & Simple Living Jan 16, 2024

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 2589:

Chris Guillebeau of ChrisGuillebeau.com explores the concept of trading income for time, focusing on the claim that 70% of American men would accept a 20% pay cut for one less day of work per week. He delves into the source of this claim and its implications, questioning why more people don't make this trade-off despite a general desire for more personal time. Guillebeau considers various factors that might prevent people from seeking fewer work hours, such as fear of the unknown, financial commitments, and the power of inertia. He suggests exploring simplicity, productivity, and values alignment as alternative strategies to achieve a better balance between work and personal life.

Read along with the original article(s) here: https://chrisguillebeau.com/are-70-of-american-men-lying/

Quotes to ponder:

"Instead of rejecting reality, consider more useful strategies—simplicity, productivity, and values alignment."

Episode references:

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

Choosing Simplicity: http://www.amazon.com/Choosing-Simplicity-Finding-Fulfillment-Complex/dp/0967206715

The Simple Living Guide: https://www.amazon.com/Simple-Living-Guide-Janet-Luhrs/dp/0553067966

Getting Things Done: https://www.amazon.com/Getting-Things-Done-Stress-Free-Productivity/dp/0143126563

Execution: The Discipline of Getting Things Done: https://www.amazon.com/Execution-Discipline-Getting-Things-Done/dp/0609610570

The 7 Habits of Highly Effective People: https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519

ZenHabits: https://zenhabits.net

43Folders.com: http://www.43folders.com

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2588: You May Be Broke But Not Broken by Kiersten Saunders of Rich and Regular on The Tactics of Paying Off Debt Jan 15, 2024

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 2588:

Kiersten Saunders of RichAndRegular.com shares stories of individuals grappling with financial challenges, illustrating that while debt and financial struggles are daunting, they do not define a person. She reflects on her own past of being "broke AF," emphasizing the importance of mindset in overcoming financial adversity. Kiersten encourages readers to redefine themselves beyond their financial struggles, highlighting that past decisions and current financial status do not determine one's worth or future potential. The post is a reminder that financial recovery is always possible with the right approach and mindset.

Read along with the original article(s) here: https://richandregular.com/you-may-be-broke-but-not-broken/

Quotes to ponder:

"You may be broke, but not broken."

"The dollar amount you owe today, doesn’t define you."

"You define you and if tomorrow you want to change your definition, you can do that too."

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2587: Ways To Help Others Without Hurting Your Own Finances by Vekevia Tillman-Jones with Financial Finesse on Giving Back Frugally Jan 14, 2024

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 2587:

Vekevia Tillman-Jones offers a compassionate yet practical approach to balancing the desire to help others with maintaining one's own financial health. Her article provides creative strategies for supporting loved ones without compromising your financial stability, emphasizing the importance of time and resources management.

Read along with the original article(s) here: https://www.financialfinesse.com/2018/09/06/ways-to-help-others-without-hurting-your-own-finances/

Quotes to ponder:

"Sometimes all a person really needs is a caring friend to empower them to get on their feet and hold them accountable for taking the steps to helping themselves."

"Helping others and giving back can bring great joy and a sense of purpose, so keep that up but remember to make sure you are financially sound first."

"Be an ear to your friend or family member and offer them guidance or help them find resources available so they can be better equipped to help themselves."

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2586: How To Learn To Love Self Care by Victoria Faling with A Brighter Wild on Personal Well-being Jan 14, 2024

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 2586:

Victoria Faling's insightful exploration into self-care reveals how personalizing this practice can transform it from a chore into a rejuvenating activity. She emphasizes that self-care is not about forcing yourself to do activities you dislike, but about discovering what genuinely makes you feel fulfilled and integrating that into your routine.

Read along with the original article(s) here: https://www.abrighterwild.com/blog/learn-to-love-self-care

Quotes to ponder:

"Self-care isn’t about dragging yourself to do something you dislike, it’s about finding enjoyable acts that recharge your batteries and make you feel whole."

"It took a long time for me to acknowledge that I deserved to 'treat' myself and take care of myself."

"Prioritize yourself so that you can heal, grow, and in turn be there for others."

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2585: What You May Not Know About Impulse Spending by Jackie Beck on Financial Goals & Budgeting Jan 13, 2024

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 2585:

Jackie Beck's insightful take on impulse spending highlights the subtleties of this habit, extending beyond the stereotypical mall trips to spontaneous decisions like dining out. Her personal anecdotes and practical steps offer a relatable and actionable guide for anyone looking to control their spending and align it with their long-term goals.

Read along with the original article(s) here: https://www.jackiebeck.com/what-you-may-not-know-about-impulse-spending/

Quotes to ponder:

"Impulse spending adds up, and keeps you from your real goals if you let it get out of hand."

"Once you’ve identified yourself as an impulse spender, figure out what triggers the spending."

"Remember that you’re not trying to change who you are. You’re trying to change what you do by reducing impulse spending."

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2584: 5 Ways to Solve Your Top Retirement Concern - Outliving Your Money by Kathleen Coxwell of New Retirement on Financial Security Jan 12, 2024

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 2584:

Kathleen Coxwell of NewRetirement.com discusses common retirement concerns, particularly outliving one's money. She highlights five strategies to address this fear, including managing lifestyle expenses, considering living situations like downsizing or reverse mortgages, understanding healthcare costs, implementing tax savings measures, and diversifying investment portfolios. These solutions aim to provide security and peace of mind for retirees facing financial uncertainty.

Read along with the original article(s) here: https://www.newretirement.com/retirement/5-ways-to-solve-your-top-retirement-concern-outliving-your-money/

Quotes to ponder:

"To help alleviate their clients’ longevity concerns, CPA financial planners integrate tax planning strategies to maximize income in retirement."

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2583: That Clutter in Your Home Used to be Money by Craig Stephens of Retire Before Dad on Spending Mindfully Jan 11, 2024

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 2583:

Craig Stephens of Retire Before Dad.com shares his perspective on how clutter in the home represents wasted money and opportunities. He discusses the emotional and financial costs of holding onto items that depreciate rapidly and offers advice on minimizing clutter, including embracing minimalism, being intentional about purchases, and focusing on experiences over material possessions. This approach aims to free individuals from the burden of excess belongings and promote a more fulfilling lifestyle.

Read along with the original article(s) here: https://www.retirebeforedad.com/clutter-home-money/

Quotes to ponder:

"When I see unused stuff around the house, I see things that used to be money."

"Material objects become a lifelong burden. Once you own an object, it owns you until you release it from your life."

"Spend money on experiences that bring you happiness, not things that give you or the kids short-term excitement, but end up collecting dust."

Episode references:

"Clutterfree with Kids" by Joshua Becker: Link to Book

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2582: How To Reach Financial Independence On A Low Income by Christina Browning of Our Rich Journey on Savings Strategies Jan 10, 2024

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 2582:

Christina Browning from OurRichJourney.com demystifies the path to financial independence on a low income. She outlines practical strategies including calculating and improving your savings rate, seeking financial assistance, skill trading, avoiding convenience costs, utilizing DIY resources like YouTube, using cash instead of credit, wisely investing tax returns, and organizing life to minimize expenses. These steps are tailored to empower individuals with limited resources to achieve their financial independence goals.

Read along with the original article(s) here: https://www.ourrichjourney.com/post/how-to-reach-financial-independence-on-a-low-income

Quotes to ponder:

"The key to reaching financial independence is by focusing on the money that you do have and prioritizing how you spend it."

"Using cash is a far better way to gauge how you are spending money, because you see the money depleting before your eyes."

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2581: What Do You Do After You Make A ZILLION Dollars? by James Altucher on Sudden Wealth & Financial Management Jan 09, 2024

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 2581:

James Altucher's article on JamesAltucher.com offers valuable advice for managing sudden wealth. He emphasizes the importance of patience, caution in lending and investing, maintaining good health, and not burning out. These guidelines aim to help individuals navigate newfound wealth wisely and ensure long-term financial stability.

Read along with the original article(s) here: https://jamesaltucher.com/blog/what-do-you-do-after-you-make-a-zillion-dollars/

Quotes to ponder:

"Don’t change your lifestyle at all for at least one year."

"There’s no such thing as luck. In the chess-playing world there’s a saying: 'Only the good players are lucky.'"

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2580: How to Manage Your Career to Make Millions More by ESI of ESI Money on Wealth Building Advice Jan 08, 2024

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

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2579: The Biggest Lie in Personal Finance by Nick Maggiulli of Of Dollars and Data on Retirement Myths Jan 07, 2024

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.

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2578: Moments Can't Be Captured by David Cain of Raptitude on Fleeting Moments Jan 07, 2024

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."

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2577: [Part 2] 5 Tips For Making Extra Money by Philip Taylor of PT Money on Goal Setting and Hard Work Jan 06, 2024

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."

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2576: [Part 1] 5 Tips For Making Extra Money by Philip Taylor of PT Money on Side Hustle Ideas Jan 05, 2024

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."

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2575: Pension, Schmension! Retire on Your Own Terms by Mr. Money Mustache on Financial Independence Jan 04, 2024

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."

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2574: What Is Portfolio Rebalancing? (And How To Do It) by Sarah Sharkey with The College Investor on Asset Allocation Jan 03, 2024

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."

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2573: 6 Things You Should Never Scratch Off Your Budget by Courtney Luke of Arrest Your Debt on Savings and Health Insurance Jan 02, 2024

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."

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2572: Utility on Investment by Tynan on Financial Freedom Jan 01, 2024

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/utility

Quotes 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?"

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2571: 5 Ways to Involve Kids in the Family Budget by Chelsea of Smart Money Mamas on Financial Literacy For Children Dec 31, 2023

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."

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2570: When Life Throws You Curveballs by Julie Morgenstern on Parenting Challenges Dec 31, 2023

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 2570:

Julie Morgenstern's article offers invaluable guidance for parents on managing life's unexpected challenges. She emphasizes the importance of seeking help and prioritizing self-care during crises, ensuring parents can maintain their well-being while effectively supporting their children.

Read along with the original article(s) here: https://www.juliemorgenstern.com/tips-tools-blog/2020/6/5/when-life-throws-you-curveballs

Quotes to ponder:

"Curveballs can deal a leveling blow. They disrupt our whole way of life, turning our systems upside down."

"In order to be in a position to soothe your kids, you first need to soothe yourself."

"Whatever unexpected situations life has in store for you, remember they are made more manageable by getting some help and taking care of yourself first."

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2569: Stop Using These 6 Ridiculous Excuses For Not Saving Money by Michelle Schroeder-Gardner of Making Sense of Cents on Financial Health Dec 30, 2023

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 2569:

Michelle Schroeder-Gardner's article debunks six common excuses that hinder effective savings, emphasizing the importance of overcoming psychological barriers to financial health. She illustrates how changing beliefs and attitudes toward money can significantly improve one's financial situation.

Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/05/stop-using-these-excuses-for-not-saving-money.html

Quotes to ponder:

"The truth is that you can still live a great life AND save money."

"Saving something is better than saving nothing."

"If others are doing better financially, they are merely showing you what is also possible for you."

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2568: How to Stop Worrying About Money by Jessica Jokisch of ChristineLuken.com on Financial Health Dec 29, 2023

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 2568:

Jessica Jokisch's insightful article, "How to Stop Worrying About Money," offers a practical and empowering approach to achieving financial peace. Jokisch shares her personal journey and effective strategies, including facing financial facts, positive self-talk, gratitude, and taking small actionable steps, to help individuals break free from the constant anxiety over finances.

Read along with the original article(s) here: https://www.christineluken.com/how-to-stop-worrying-about-money/

Quotes to ponder:

"Once you know what you’re dealing with, you can see where positive change is needed and make a game plan for action."

"Your new, positive money mantras need to both sound good and feel good to you."

"Tap into the 'dynamic duo' of money worry busters: gratitude and generosity."

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2567: How We Developed Couple Financial Goals by Amanda of Women Who Money on Communication and Trust Dec 28, 2023

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 2567:

Amanda from WomenWhoMoney.com shares her journey of developing shared financial goals with her partner, revealing it was not an overnight success. Despite initial money mistakes and differing views, their commitment to communication, honesty, and mutual respect laid the foundation for achieving their financial dreams together.

Read along with the original article(s) here: https://womenwhomoney.com/develop-shared-financial-goals/

Quotes to ponder:

"But putting effort into our relationship and our finances was worth it. It's taken time and hard work — but our shared goals have improved our money and lives."

"Without mutual respect and trust, it's tough to open up and talk about anything, let alone money."

"To us, that's what money is for — to use as a tool to create a life you love! I can’t think of a better reason to set shared money goals."

Episode references:

Monarch Money: Monarch Money website

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2566: What is Debt Settlement and How Does It Work? by James Lambridis of Debt MD on Financial Management Dec 27, 2023

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 2566:

James Lambridis' article on debt settlement offers a thorough understanding of how these organizations operate, outlining the process, risks, and considerations involved. It's a valuable resource for anyone grappling with debt, providing clarity on debt settlement's impact on credit scores, tax implications, and the potential pitfalls of engaging with such companies.

Read along with the original article(s) here: https://www.debtmd.com/blog/what-is-debt-settlement-and-how-does-it-work?

Quotes to ponder:

"Debt settlement can be a financial lifesaver if you've hit the limit on all your credit cards and find yourself getting deeper in debt."

Episode references:

Consumer Financial Protection Bureau Report on Debt Settlements and Credit Counseling: This resource offers valuable insights into the potential risks and considerations of engaging with debt settlement and credit counseling services. You can access it at CFPB Website.

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2565: [Part 2] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Budget Management Dec 26, 2023

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 2565:

Darrow Kirkpatrick of CanIRetireYet.com shares insightful details on managing retirement expenses, emphasizing the significance of monitoring and adjusting spending patterns. He highlights the importance of considering variable expenses like personal care, taxes, and housing costs, and addresses the practicality of adapting expenses in response to financial market changes.

Read along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/

Quotes to ponder:

"...with a willingness to cut spending when markets underperform, it is possible to increase the initial spending rate above whatever has been determined as safe for constant inflation-adjusted withdrawals."

Episode references:

Bill Perkins' book, "Die with Zero": Die With Zero

2021 survey by the Employee Benefit Research Institute (EBRI): EBRI 2021 Survey

National Institute on Retirement Security (NIRS) study: NIRS Study

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2564: [Part 1] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Retirement Planning Dec 25, 2023

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 2564:

Darrow Kirkpatrick's insights on managing retirement expenses are invaluable for anyone planning their future. He emphasizes the importance of tracking personal expenses rather than relying on national statistics, offering a transparent look into his own retirement budget across various categories. This real-world perspective aids listeners in assessing and aligning their spending with life priorities, crucial for a comfortable retirement.

Read along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/

Quotes to ponder:

"Spending is a very personal area. No doubt some will be surprised at what we do, and don’t, spend money on."

"Tracking your spending allows you to grow awareness and mindfulness around your money and spending at every stage of your financial journey."

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2563: Roth Conversion by Mike Ballew of Egg Stack on Taxable Events Dec 24, 2023

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 2563:

Mike Ballew of EggStack.com delves into the intricacies of Roth Conversions, explaining their taxable nature and strategic benefits. He emphasizes their potential for long-term tax savings, especially for those anticipating higher future tax brackets or increased government spending. The article balances these advantages with the financial planning challenges they pose, including the impact on savings and the risks of future tax changes.

Read along with the original article(s) here: https://eggstack.com/blog/2021-05-02-Roth-Conversion/

Quotes to ponder:

"The primary advantage of a Roth conversion is that over the long haul you may pay less in taxes."

"A disadvantage of Roth conversion is that any general savings you have set aside for unexpected expenses are going to take a hit."

"A Roth conversion is like when a normal character transforms into a superhero – it supercharges your retirement contributions."

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2562: Am I Too Old For Personal Training by Riley Pearce of Free Form Fitness on Aging and Exercise Dec 24, 2023

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 2562:

Riley Pearce's article from FreeFormFitness.ca emphasizes the importance of physical fitness for seniors, highlighting how personal training can effectively address the unique challenges of aging. It outlines the physiological changes that occur with age and the significant benefits of exercise and personal training in maintaining health, mobility, and independence in later years.

Read along with the original article(s) here: https://freeformfitness.ca/am-i-too-old-for-personal-training/

Quotes to ponder:

"Every healthy choice you make is like a deposit into a healthy retirement fund."

"Physical activity is one of the few things you can do to restore mobility, balance, strength and physical functionality after it has been lost."

"No, you are not too old for a personal trainer. In fact, hiring a personal trainer is the best way to guarantee that you will exercise on a regular basis in a way that will challenge and improve your physical fitness and overall health."

Episode references:

Canadian Society of Exercise and Physiology: Visit Site

American College of Sports Medicine: Visit Site

American Council on Exercise: Visit Site

National Strength and Conditioning Association: Visit Site

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2561: 3 Numbers That Matter More Than Your Credit Score by Kelley Long of Financial Finesse on Net Worth and Financial Freedom Dec 23, 2023

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 2561:

Kelley Long from FinancialFinesse.com emphasizes the importance of focusing on net worth, retirement readiness, and emergency funds over obsessing about credit scores. These three key financial indicators offer a more comprehensive and meaningful assessment of financial health, guiding towards true financial freedom and stability.

Read along with the original article(s) here: https://www.financialfinesse.com/2016/06/22/3-numbers-that-matter-more-than-your-credit-score/

Quotes to ponder:

"Life happens and when it does, having cash that’s easily accessible takes away much of the financial stress."

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2560: Investment Fees Are The Worst by Wanderer of Millennial Revolution on MER and Mutual Funds Dec 22, 2023

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 2560:

Wanderer from Millennial Revolution brings to light the hidden, damaging impact of investment fees, especially in mutual funds. By comparing the long-term effects of Management Expense Ratios (MERs) in mutual funds versus lower-cost ETFs, the article reveals how even small percentages can significantly reduce investment returns over time.

Read along with the original article(s) here: https://www.millennial-revolution.com/invest/investment-fees-are-the-worst/

Quotes to ponder:

"Investment fees usually don’t appear in your statement, and are instead embedded inside your mutual fund and taken silently out of the fund’s performance."

"The more you pay, the worse the performance, because that fee just eats into your returns."

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2559: 6 Ways to Lower Your Home Insurance by April Dykman of Get Rich Slowly on Financial Savings Dec 21, 2023

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 2259:

April Dykman's insightful article from GetRichSlowly.org offers six practical strategies for homeowners to reduce their insurance costs. From ensuring appropriate coverage levels to improving credit scores and consolidating policies, these tips are designed to help homeowners save money and navigate the complexities of home insurance.

Read along with the original article(s) here: https://www.getrichslowly.org/6-ways-to-lower-your-home-insurance/

Quotes to ponder:

"Making your home more windstorm-resistant, such as adding storm shutters, can lower your insurance premium."

"Consolidating your home and auto insurance can save you anywhere from 5 to 15 percent."

Episode references:

Insurance Information Institute: [https://www.iii.org/]

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2558: How to Retire: 5 Steps to a Secure Future by Kathleen Coxwell of New Retirement on Retirement Planning Dec 20, 2023

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 2558:

Kathleen Coxwell's guide on retiring securely, regardless of savings, presents a practical five-step plan. It emphasizes the importance of having a purpose, creating and adjusting a retirement plan, exploring financial options, setting a firm retirement date, and embracing the journey with confidence.

Read along with the original article(s) here: https://www.newretirement.com/retirement/how-to-retire-5-steps-to-a-secure-future-jump-in/

Quotes to ponder:

"It is best to retire to do something, not just to escape whatever you do to earn money."

Episode references:

Risk Parity Radio: [https://www.riskparityradio.com/]

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2557: Our All-Time Favorite Frugal Things to Stuff in a Holiday Stocking by Lisa Harrison of Mad Money Monster on Budget-Free Holidays Dec 19, 2023

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 2557:

Lisa Harrison of MadMoneyMonster.com shares creative and budget-friendly ideas for holiday stocking stuffers. Emphasizing thoughtfulness over expense, the article suggests unique gifts like specialty soaps, glass water bottles, and homemade gift certificates, reflecting a blend of practicality and personal touch for a memorable holiday experience.

Read along with the original article(s) here: https://madmoneymonster.com/2017/11/27/time-favorite-frugal-things-stuff-holiday-stocking/

Quotes to ponder:

"A thoughtful gift is much better, and usually more appreciated, than an expensive gift."

"It’s really hard to argue with giving or receiving cash. There aren’t any fees that go along with giving gift cards, and it never expires."

Episode references:

The Simple Path to Wealth by Jim Collins: Link

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2556: What Is An Index Fund? by Andrew of Dollar After Dollar on Financial Indexes and Mutual Funds Dec 18, 2023

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 2556:

Andrew from DollarAfterDollar.com demystifies index funds, explaining their advantages in diversification, low costs, and broader market exposure. He clarifies how these funds mirror financial indices and are optimal for long-term investment, especially for retirement planning.

Read along with the original article(s) here: https://www.dollarafterdollar.com/what-is-an-index-fund/

Quotes to ponder:

"Index funds are mutual funds that come with a portfolio designed to track or match a financial index."

"An index fund is usually considered to be the ideal portfolio holdings for retirement accounts like the 401k or IRAs."

"The basic idea behind an index fund is that by matching the index profile, you will match its performance too."

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2555: 4 Reasons Why You Can't Stop Shopping and What to Do About It by Jennifer of Simply Fiercely on Shopping Addiction Dec 17, 2023

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 2555:

Jennifer's insightful exploration into the psychology of shopping addiction in "4 Reasons Why You Can’t Stop Shopping and What To Do About It" is a must-listen for anyone struggling with compulsive buying. She articulately delves into the emotional drivers behind shopping and offers practical steps to regain control.

Read along with the original article(s) here: https://www.simplyfiercely.com/stop-shopping/

Quotes to ponder:

"When you’re tempted to buy something, look at the price and ask what’s the true cost? How many hours of your life would you be trading for your purchase?"

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2554: When in Doubt Be Generous by Jeff Goins of Goins Writer on Personal Growth and Success Strategy Dec 17, 2023

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 2554:

Jeff Goins emphasizes the power of generosity as a key to success. He shares personal anecdotes and insights to debunk the myth that generosity is a byproduct of success, arguing instead that it's a driving force. Through examples from his own life and writing career, Goins illustrates how giving freely can lead to personal growth, better work, and ultimately, more success.

Read along with the original article(s) here: https://goinswriter.com/generous/

Quotes to ponder:

"Anytime I start getting scared of running out of something, I give away something. I have more than enough love, money, work, friendship, food, time, and energy to share. Always."

"Spend it all, shoot it, play it, lose it, all, right away, every time. Do not hoard what seems good for a later place in the book or for another book; give it, give it all, give it now."

Episode references:

"Real Artists Don't Starve" by Jeff Goins: https://www.amazon.com/Real-Artists-Dont-Starve-Strategies/dp/0718086260

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2553: [Part 2] Why Pursue Financial Independence? Because Nothing Lasts Forever by A Purple Life on Corporate Acquisition Dec 16, 2023

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 2553:

A Purple Life's article, "Why Pursue Financial Independence? Because Nothing Lasts Forever," delves into the stark reality of corporate acquisitions and the disillusionment that follows. The author reflects on her experience with a once-cherished company being absorbed into a generic corporation, emphasizing the importance of financial independence as a safeguard against such unpredictable changes in the workplace.

Read along with the original article(s) here: https://apurplelife.com/2021/01/26/why-pursue-financial-independence/

Quotes to ponder:

"People have asked me before if I regret quitting and I always responded 'No,' but after these events unfolded, it’s the first time I’ve actually felt relieved that I quit."

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2552: [Part 1] Why Pursue Financial Independence? Because Nothing Lasts Forever by A Purple Life on Life Changes Dec 15, 2023

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 2552:

A Purple Life shares a powerful message on the impermanence of life and the importance of financial independence. Through personal experiences, from leaving a dream job in NYC to witnessing a company's unexpected acquisition, the article underscores the reality that nothing lasts forever, emphasizing the value of financial independence as a buffer against life's unpredictable nature.

Read along with the original article(s) here: https://apurplelife.com/2021/01/26/why-pursue-financial-independence/

Quotes to ponder:

"The only thing guaranteed in life is that nothing is certain and everything changes."

Episode references:

Awareness by Tony de Mello - Link

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2551: How to Master the Art of Delayed Gratification by Ben Feldman with Good Financial Cents on Financial Success Dec 14, 2023

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 2551:

Ben Feldman of GoodFinancialCents.com delves into the transformative power of delayed gratification, a crucial component for achieving financial success. He unravels how childhood experiences shape our attitudes towards money, emphasizing the need to shift from immediate rewards to long-term financial goals. The article offers practical strategies for aligning values with financial objectives, using imagination and tangible reminders to make future rewards feel more real and attainable.

Read along with the original article(s) here: https://www.goodfinancialcents.com/how-to-master-the-art-of-delayed-gratification/

Quotes to ponder:

"The ability to delay gratification is the true key to financial success."

"To shift your mindset, one of the most powerful tools in your arsenal will be your imagination."

"Creating tangible reminders of your objectives reinforces commitment."

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2550: How to Live Rent and Mortgage Free by Christina Browning of Our Rich Journey on Financial Independence Dec 13, 2023

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 2550:

Christina Browning of OurRichJourney.com offers a refreshing perspective on minimizing housing costs, a major hurdle in achieving financial independence. She shares ingenious strategies for living rent and mortgage free, from being a resident advisor to strategic downsizing and utilizing employer-paid housing. These insights are crucial for anyone aiming to fast-track their path to financial freedom.

Read along with the original article(s) here: https://www.ourrichjourney.com/post/how-to-live-rent-and-mortgage-free

Quotes to ponder:

"Think differently! Consider what would happen if you told yourself that you should spend no more than ten percent of your income on housing?"

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2549: 7 Money-Saving Tips You Should Already Be Following by Melissa Lobo with MoneyMiniBlog on Financial Goals Dec 12, 2023

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 2549:

Melissa Lobo, with MoneyMiniBlog.com, offers practical and easy-to-implement money-saving tips suitable for those with tight budgets. From strategically saving paychecks to trimming down expenses in areas like cellphone bills, food, and prescriptions, Lobo's advice emphasizes smart financial habits that can lead to significant savings without feeling deprived.

Read along with the original article(s) here: http://moneyminiblog.com/save-money/common-money-saving-tips/

Quotes to ponder:

"By the end of the year, you will have saved at least two paychecks’ worth of funds!"

Episode references:

GoodRx: https://www.goodrx.com/

LowestMed: https://www.rxspark.com/

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2548: The 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic Downturns Dec 11, 2023

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 2548:

Chris Reining's insightful piece on the 4% Retirement Rule illuminates the uncertainties of financial planning, drawing parallels with the unforeseen challenges faced by the Apollo 13 astronauts. He emphasizes that while the 4% rule, initially proposed by Bill Bengen and further explored by Michael Kitces, is designed to withstand economic downturns, it's the adaptability to unexpected situations that truly secures financial stability in retirement.

Read along with the original article(s) here: https://chrisreining.com/plan-predict/

Quotes to ponder:

"You can plan, but not predict."

"The reason the 4% rule works during recessions is because the 4% rule is based on the worst possible historical scenarios."

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2547: Reinventing The Wheel by Fritz Gilbert of The Retirement Manifesto on Continual Improvement Dec 10, 2023

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 2547:

Fritz Gilbert of TheRetirementManifesto.com explores the vital practice of "reinventing the wheel," especially in retirement. He argues that continual improvement and adaptation aren't just beneficial; they're necessary. From modifying your approach to travel and spending to embracing time over money, Gilbert highlights how reinventing aspects of life can lead to a more fulfilling retirement experience.

Read along with the original article(s) here: https://www.theretirementmanifesto.com/reinventing-the-wheel/

Quotes to ponder:

"Retirement is a perfect time to reinvent your wheel. Don’t settle for things as they are, but rather seek to continually improve your life experience."

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2546: 4 Gift-Giving Tips to Give the Perfect Present this Holiday by Ramit Sethi of I Will Teach You To Be Rich Dec 10, 2023

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 2546:

Ramit Sethi's insights on gift-giving transform a daunting task into an art form, emphasizing the joy and skill involved in selecting the perfect present. His approach challenges conventional ideas and offers practical, thoughtful strategies to enhance your gift-giving experience this holiday season.

Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/blog/how-to-give-good-gifts/

Quotes to ponder:

"Watching their faces as they open up the perfect present — one I am totally confident they’ll love — that’s part of a Rich Life for me."

"If someone wants a gift certificate, get them a gift certificate. You can make it more of a special gift by the presentation and note you send."

"Generosity is a huge part of my Rich Life, so I’ve tried to 'dial in' and get deeper."

Episode references:

NYC Hot Sauce convention - NYC Hot Sauce Convention

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2545: To Be Young! The Best Time to Invest by Jesse Cramer of Best Interest on Investing Early Dec 09, 2023

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 2545:

Jesse Cramer's article, "To Be Young! The Best Time to Invest," offers a compelling perspective on the importance of investing early in life. Using the example of Wallace, Cramer illustrates how investing in one's youth, especially during the early 20s, can significantly impact retirement savings due to the power of compound interest. The article emphasizes the importance of starting to invest as soon as possible, demonstrating how early investments grow exponentially over time.

Read along with the original article(s) here: https://bestinterest.blog/to-be-young/

Quotes to ponder:

"Your youth isn’t just a good time to invest. It’s the best time to invest."

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2544: I Shouldn't Want to Be Liked So Much by James Altucher on Financial Choice & Cost of Attending College Education Dec 08, 2023

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 2544:

James Altucher's candid reflection on a dinner event reveals the uncomfortable truth about societal norms and personal convictions. Facing strong opposition for his views on the necessity of college education, Altucher confronts the harsh reality of seeking approval in a setting resistant to unconventional ideas. His experience highlights the struggle between individual beliefs and the desire for social acceptance.

Read along with the original article(s) here: https://jamesaltucher.com/blog/i-shouldnt-want-to-be-liked-so-much/

Quotes to ponder:

"Why go to prison when you can be free?"

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2543: Reader Story: The Man Who Thought Early Retirement Sucked by Brandon Turner with Mr. Money Mustache on Financial Freedom Dec 07, 2023

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 2543:

Mr. Money Mustache's article, "The Man Who Thought Early Retirement Sucked," explores the disillusionment of early retirement. It narrates the story of a young retiree who realizes that financial freedom alone isn't fulfilling. The key message is about redefining retirement as a phase for pursuing passions and creating value, rather than just an escape from work. This thought-provoking piece encourages readers to consider what they truly want in life, emphasizing the importance of work and productivity for well-being.

Read along with the original article(s) here: http://www.mrmoneymustache.com/2013/03/23/reader-story-the-man-who-thought-early-retirement-sucked/

Quotes to ponder:

"Financial freedom sucks if that’s all it’s about."

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2542: Financial Infidelity - What is it and How to Save Your Marriage and Money by Renee Benes of The Fun Sized Life Dec 06, 2023

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 2542:

Renee Benes of TheFunSizedLife.com delves into the overlooked issue of financial infidelity in marriages, explaining how hidden debts and secret accounts can erode trust and destabilize relationships. She provides practical advice for confronting these challenges, emphasizing honesty, communication, and shared financial goals as key to repairing both finances and marriage.

Read along with the original article(s) here: https://www.thefunsizedlife.com/financial-infidelity-save-your-marriage/

Quotes to ponder:

"People who struggle to get their spending under control often feel immense guilt, just like a person would with real infidelity."

Episode references:

Smart Couples Finish Rich by David Bach: Link to the book

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2541: The Five Love Languages of Money by Christine Luken on Talking About Money With Your Spouse Dec 05, 2023

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 2541:

Christine Luken's insightful exploration of "The Five Love Languages of Money" offers a unique perspective on personal finance, intertwining Gary Chapman's relationship concepts with monetary habits. By understanding and applying these love languages to money management, individuals can enhance their financial wellbeing and harmonize their fiscal relationships, both personally and with their partners.

Read along with the original article(s) here: https://www.christineluken.com/the-five-love-languages-of-money/

Quotes to ponder:

"You feel prosperous, not because of your bank balance, but because there’s enough money to pay for the things and experiences you want."

Episode references:

"The Five Love Languages" by Gary Chapman: Link to the book

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2540: Budgeting Basics: Income vs. Expenses by Kumiko of The Budget Mom on Helpful Tips For Building a Budget Dec 04, 2023

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 2540:

Kumiko from TheBudgetMom.com demystifies the complexities of budgeting, particularly for those with inconsistent income. She emphasizes the importance of prioritizing expenses, planning for worst-case scenarios, and effectively managing both fixed and variable costs. Her approach simplifies budgeting, making it accessible and less overwhelming, guiding readers to financial stability.

Read along with the original article(s) here: https://www.thebudgetmom.com/income-yay-expenses-yuck/

Quotes to ponder:

"Each cent of your income should have a job."

"ALWAYS budget for the worst-case scenario!"

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2539: Five Personal Finance Lessons I Learned From A 10 Km Road Race by Helene Massicotte on Saving Money Dec 03, 2023

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 2539:

Helene Massicotte’s insights from a 10 km road race offer an unexpected exploration of personal finance. The article draws parallels between running and managing money, emphasizing the importance of individual motivation, the misleading allure of flashy tools over genuine desire, the value of a sustainable pace, the significance of grit over natural ability, and the realization that both the journey and the destination matter in achieving financial goals. This refreshing perspective connects physical endurance to fiscal wisdom, underscoring that personal finance, much like a marathon, is a test of perseverance and strategy.

Read along with the original article(s) here: http://www.freetopursue.com/blog/2014/5/5/five-lessons-10km-race

Quotes to ponder:

"You want to save a million dollars? You want to be financially independent? You want to retire early? WHY? Figure out the reasons you desire what you desire."

"What produces results is regular attention, habit and desire--nothing fancy about that."

"The successful individuals set a sustainable and automatic savings 'pace' that leaves them relatively comfortable to enjoy the journey."

Episode references:

Grit by Angela Duckworth: Link to the book

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2538: Chronotypes, Sleep, and Productivity by Sara Lindberg with Healthline on Sleeping Types Dec 03, 2023

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 2538:

Sara Lindberg's article, featured on Healthline.com, delves into the intriguing world of chronotypes, revealing how understanding your personal sleep type can optimize daily productivity. It not only helps tailor activities like working and exercising to your natural rhythms but also offers insights into improving overall health and mental well-being.

Read along with the original article(s) here: https://www.healthline.com/health/chronotype

Quotes to ponder:

"Knowing your chronotype may help you understand how your internal clock works and how you can synchronize it with your daily activities and duties to use your time most efficiently."

Episode references:

The Power of When Quiz: Link to Quiz

Morningness-Eveningness Questionnaire (MEQ) Self-Assessment: Link to MEQ

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2537: [Part 2] Is Moving Worth it to Achieve Financial Independence? by Craig Stephens of Retire Before Dad Dec 02, 2023

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 2537:

Craig Stephens of RetireBeforeDad.com delves into the intricate balance between financial independence and the impact of location on living costs. He shares a personal narrative, weighing the allure of lower living costs against the deep-rooted connections and lifestyle in Washington D.C. This reflective piece offers insights on prioritizing family, community, and stability over financial gains from relocating.

Read along with the original article(s) here: https://www.retirebeforedad.com/move-achieve-financial-independence/

Quotes to ponder:

"To become financially independent, we need to either move or build our assets. We’ve chosen to keep building assets."

"Knowing that we’ll likely stay where we are makes planning for our retirement easier."

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2536: [Part 1] Is Moving Worth it to Achieve Financial Independence? by Craig Stephens of Retire Before Dad Dec 01, 2023

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: 2536

Exploring the balance between financial independence and life satisfaction, this episode delves into the dilemma of relocating for economic benefits. It weighs the impact of moving to a lower-cost area against the value of personal happiness and social connections, challenging the notion that financial goals should overshadow life's pleasures and relationships.

Read along with the original article(s) here: https://www.retirebeforedad.com/move-achieve-financial-independence/

Quotes to ponder:

"Considering that the cost of living in a place like San Pedro is so low, our family could move there TODAY and be financially independent for the rest of our lives. If we stay in the Washington D.C. area, we’re many years away."

Episode references:

FinCon

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2535: What are Sinking Funds and are They Smart to Have? by Vicki Cook and Amy Blacklock of Women Who Money Nov 30, 2023

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 2535:

Vicki Cook and Amy Blacklock's insightful guide on sinking funds clarifies how they can stabilize your financial planning. By saving in small amounts for specific purposes, sinking funds help you handle anticipated expenses without disrupting your monthly budget or resorting to debt, enhancing both your financial health and peace of mind.

Read along with the original article(s) here: https://womenwhomoney.com/what-are-sinking-funds-are-they-smart-to-have/

Quotes to ponder:

"Sinking funds help prevent you from busting your monthly budget. Or taking on more debt for expected – but not regular monthly expenses."

"A sinking fund is used for short-term savings goals for expenses you expect to have but are not a part of your regular monthly spending."

"Shifting from reactive spender to proactive saver will improve your financial house and lessen your financial stress."

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2534: Could You Spend Just $100 on the Holidays? by Rose Lounsbury on Having a Meaningful Holiday Season Nov 29, 2023

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 2534:

Rose Lounsbury shares a heartfelt examination of holiday spending through the lens of minimalism. She reflects on how the true joy of Christmas is found in moments shared with family, not the accumulation of gifts. Her insights urge readers to consider the lasting value of experiences over material possessions.

Read along with the original article(s) here: https://roselounsbury.com/spend-just-100-holidays/

Quotes to ponder:

"The gifts we give don’t matter as much as the time we spend."

"Most gifts are not fulfilling. Giving and getting tons of presents does not make me feel happy, or fulfilled, or joyful, or… Christmas-like."

"All my best holiday memories involve TIME with family and friends. They revolve around MEMORIES, not stuff."

Episode references:

The reference from Rose Lounsbury's article, "Hundred Dollar Holiday" by Bill McKibben, is accessible here: Amazon.

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2533: How to Hold an Effective Family Budget Meeting by Chelsea Brennan of Smart Money Mamas on Financial Education for Kids Nov 28, 2023

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: 2533

Explore 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

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2532: The 4% Rule and Why We're Not Relying on It by Kiersten Saunders of Rich and Regular on Retirement Strategy Nov 27, 2023

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/

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2531: The Seven Deadly Sins of Investing by J Money of Budgets Are Sexy on Investment Strategies Nov 26, 2023

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/1533667926

Risk Parity Radio: https://www.riskparityradio.com/

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2530: Effort Alone Isn't Enough by David Cain of Raptitude on Identity Changes Nov 26, 2023

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/

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2529: Who Feels Rich Really? by Nick Maggiulli of Of Dollars and Data on Money Perspective Nov 25, 2023

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.

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2528: 5 Reasons You Need To Track Your Net Worth To Build Wealth by Lisa Harrison of Mad Money Monster Nov 24, 2023

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."

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2527: How Gratitude Improves Your Financial Wellness (and Health Too): Happy Thanksgiving! by Kathleen Coxwell of New Retirement Nov 23, 2023

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."

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2526: [Part 2] 5 Ways to Organize Your Life and Save Money by Emily Guy Birken of PT Money on Creating Money-Saving Systems Nov 22, 2023

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/0143126563

Asana project management system: https://asana.com

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2525: [Part 1] 5 Ways to Organize Your Life and Save Money by Emily Guy Birken of PT Money on Creating Money-Saving Systems Nov 21, 2023

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 Systems

PTMoney.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/

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