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Optimal Finance Daily

Optimal Finance Daily

Author: Dan | Optimal Living Daily

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Why bother searching for the best blogs about personal finance when it can be found and read for you? Think of Optimal Finance Daily as an audioblog or blogcast. Support this podcast: https://anchor.fm/optimal-finance-daily/support
1075 Episodes
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Nick True of Mapped Out Money shares what a 4 year old taught him about dreams and money. Episode 1074: What a 4yr Old Taught Me About Dreams and Money by Nick True of Mapped Out Money on How To Follow Your Dreams Nick True is the founder of Mapped Out Money, where he helps you get a grip on your finances and take hold of freedom. His goal is to help you save more, live more, reduce debt, and get free. Mapped Out Money is for you if you want actionable steps to help get control of your money, you want to be free from money stress, you're ready to change your life and use money to support your dreams, and you don't want to settle for mediocrity. The original post is located here: https://mappedoutmoney.com/what-a-4yr-old-taught-me-about-dreams/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Chris Mamula of Can I Retire Yet shares his thoughts on conflicts of interest with investment advice. This is part 2 of 2. Episode 1073: [Part 2] The Perfect Storm - Demonstrating Conflicts of Interest With Investment Advice by Chris Mamula Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/conflicts-interest-investing-advice/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Chris Mamula of Can I Retire Yet shares his thoughts on conflicts of interest with investment advice. This is part 1 of 2. Episode 1072: [Part 1] The Perfect Storm - Demonstrating Conflicts of Interest With Investment Advice by Chris Mamula Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/conflicts-interest-investing-advice/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Michelle Schroeder-Gardner of Making Sense of Cents shares how to avoid being house poor. Episode 1071: How To Avoid Being House Poor by Michelle Schroeder-Gardner of Making Sense of Cents on Home Mortgages & Expenses Michelle Schroeder-Gardner created Making Sense of Cents in order to help improve her own finances. With diligence, she was able to pay off $38,000 in student debt in 7 months, kept track of progress, and helped readers along the way. She's currently touring North America and living out of an RV. You can learn more about her and see her monthly income reports at MakingSenseOfCents.com. The original post is located here: https://www.makingsenseofcents.com/2015/09/how-much-home-can-i-afford.html Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Michael Mihalik with Get Rich Slowly shares his thoughts on financial security. Episode 1070: What is Financial Security? by Michael Mihalik with Get Rich Slowly on How to Become Financially Independent J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: https://www.getrichslowly.org/what-is-financial-security/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Fundrise is the future of real estate investing. Visit fundrise.com/ofd to have your first 3 months of fees waived. --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Helene Massicotte of Free To Pursue shares why she dumped her financial advisor. Episode 1069: Why I Dumped My Financial Advisor by Helene Massicotte of Free To Pursue on How to Lower Investing Expenses Helene Massicotte blogs about living life on your terms and experiencing true personal freedom. She describes herself as a person in search of all that life has to offer and who has built a life that enables her to do just that. No more, no less. She chose to retire from corporate life in her mid-thirties because it wasn't in line with what she wanted anymore. The original post is located here: http://www.freetopursue.com/blog/2016/6/27/why-i-dumped-my-financial-advisor Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
2 short posts from Al of FA Confessions on comparison and the danger of success. Episode 1068: Comparison AND The Danger of Success by Al of FAConfessions on How To Achieve Financial Happiness Al of FA Confessions is a father, drummer/musician, self-proclaimed amateur philosopher, avid health enthusiast, and daily podcast and audible listener. He is not looking for new clients, nor does he have a plan to run for office. He will remain anonymous on the blog until he decides to retire from his profession. His primary vision for his website is to speak authentically from the heart and let his audience know when he thinks something is BS. The original posts are located here: https://faconfessions.com/2020/01/13/comparison/ & https://faconfessions.com/2020/01/06/the-danger-of-success/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Joshua Becker of Becoming Minimalist shares 10 little ways to become more generous. Episode 1067: 10 Little Ways to Become More Generous by Joshua Becker of Becoming Minimalist on Benefits of Generosity Joshua Becker and his family decided to live with fewer possessions after a conversation with his neighbor in 2008. As a result, they found a better way to live, centered on more important pursuits. Their story has been seen on the CBS Evening News, NPR, the Boston Globe, the Wall Street Journal and countless media interviews around the world. Their books have sold in the tens of thousands. BecomingMinimalist.com is about their journey towards a rational approach to minimalism. It is about the joys and the struggles. It is about the lessons they have learned. It has inspired millions around the world. It is written to inspire you to intentionally live with less, and find more life because of it. The original post is located here: https://www.becomingminimalist.com/10-simple-ways-to-become-a-more-generous-person/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Harry Stout of Financial Verse shares if debt can your friend. This is part 2 of 2. Episode 1066: [Part 2] Can Debt Be Your Friend? by Harry Stout of The FinancialVerse on Should I Get A Car Loan Harry N. Stout is an acknowledged senior leader in the global financial services business with experience in all key business areas with particular expertise in personal finance, life insurance, annuities, product innovation, and business management. He has over 30 years of financial services industry experience in the U.S. and abroad, working in Europe, Northern Asia, Africa, New Zealand, and Australia. Harry is the author of the upcoming book - The FinancialVerse - A Common Sense Approach for Your Money to be published by Vertel Publishing in October 2019. The book is available for preordering at Amazon, Barnes & Noble and through other major national book distributors. The original post is located here: https://www.financialverse.com/post/can-debt-be-your-friend Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Harry Stout of Financial Verse shares if debt can your friend. This is part 1 of 2. Episode 1065: [Part 1] Can Debt Be Your Friend? by Harry Stout of The FinancialVerse on Is There A Good Kind of Debt Harry N. Stout is an acknowledged senior leader in the global financial services business with experience in all key business areas with particular expertise in personal finance, life insurance, annuities, product innovation, and business management. He has over 30 years of financial services industry experience in the U.S. and abroad, working in Europe, Northern Asia, Africa, New Zealand, and Australia. Harry is the author of the upcoming book - The FinancialVerse - A Common Sense Approach for Your Money to be published by Vertel Publishing in October 2019. The book is available for preordering at Amazon, Barnes & Noble and through other major national book distributors. The original post is located here: https://www.financialverse.com/post/can-debt-be-your-friend Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Mike Ballew of Eggstack on prioritizing your budget for success. Episode 1064: Prioritize Your Budget for Success by Mike Ballew of Egg Stack on How To Save Enough Money for Retirement Mike Ballew is a 56-year-old engineer turned blogger who reached a point in life where he sees things more clearly than ever before. He faced financial challenges and overcame them through hard work and determination. His blog helps others navigate their personal finances and plan for retirement. The original post is located here: https://eggstack.com/blog/2020-01-19-Prioritize-Your-Budget-for-Success/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Fundrise is the future of real estate investing. Visit fundrise.com/ofd to have your first 3 months of fees waived. --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Chris Reining shares why growing sizes are a growing concern. Episode 1063: Growing Sizes Are a Growing Concern by Chris Reining on How to Save More Money by Buying Less Chris Reining is an investor, writer, and avid student of life. He shares how to build wealth and reach financial freedom on his website ChrisReining.com. The original post is located here: https://chrisreining.com/growing-sizes-are-a-growing-concern/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
ESI of ESI Money shares the importance of tracking and managing cash flow. Episode 1062: The Importance of Tracking and Managing Cash Flow by ESI of ESI Money on How To Create A Budget ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/the-importance-of-tracking-and-managing-cash-flow/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Sam of Financial Samurai on if your risk tolerance is high enough to invest. Episode 1061: Is Your Risk Tolerance High Enough To Invest? Follow The Slaughter Rule by Sam of Financial Samurai Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/is-your-risk-tolerance-high-enough-to-invest/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Kelley Long with Financial Finesse shares the real thing that could be keeping you from saving more money. Episode 1060: Could This Be The Real Thing That's Keeping You From Saving More Money? by Kelley Long with Financial Finesse After years in the financial services industry, Liz Davidson became disgusted with how many people were being sold financial products and services that were not in their best interest. She decided there had to be a better way to provide people from all walks of life with truly unbiased financial guidance--designed to line their pockets, not their financial advisor’s. This is the story of Financial Finesse and how they give employees and employers unbiased financial wellness as an employee benefit. They help your employees maximize their compensation and benefits by making better financial decisions. You become a partner in their financial security and reap the benefits of a financially healthy workforce. They’ve helped hundreds of thousands of employees change their lives. The original post is located here: https://www.financialfinesse.com/2017/10/25/could-this-be-the-real-thing-thats-keeping-you-from-saving-more-money/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
The Finance Twins share 5 reasons you should include index funds in your 401k or IRA. Episode 1059: 5 Reasons You Should Include Index Funds In Your 401K Or IRA by The Finance Twins on How To Start Investing Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/5-reasons-to-love-index-funds/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Jen of Frugal Millennial shares the money mindsets that are keeping you broke. Episode 1058: The Money Mindsets That are Keeping You Broke by Jen of Frugal Millennial on The Scarcity Mindset vs. Abundance A few years ago, Jen and her husband were buried in $117,000 of student loan debt. Now, they've paid off over $100k of debt, and they're on track to have the rest paid off by the end of this year. Join their email list to get exclusive tips on how to save money, earn more, and live like no one else. The original post is located here: https://www.frugal-millennial.com//the-money-mindsets-that-are-keeping-you-broke/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Fundrise is the future of real estate investing. Visit fundrise.com/ofd to have your first 3 months of fees waived. --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
April Dykman with Get Rich Slowly shares why you should spend on the things you do every day. Episode 1057: Spend on the Things You Do Every Day by April Dykman with Get Rich Slowly on How To Prioritize Your Finances J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: https://www.getrichslowly.org/spend-on-the-things-you-do-every-day/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Robert Farrington of The College Investor shares 6 ways to save money on auto insurance. Episode 1056: 6 Ways To Save Money On Auto Insurance by Robert Farrington of The College Investor on Saving on Car Insurance Robert Farrington is a personal finance expert that focuses on helping millennials get out of student loan debt and start investing for their future. He also helps parents make smart choices about college financing options and navigating the complex world of paying for school. He started The College Investor in 2009 as a forum to discuss the myriad of financial issues facing young adults. The original post is located here: https://thecollegeinvestor.com/18797/6-ways-save-money-auto-insurance/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group and Join the Ol' Family to get your Free Gifts! Whether you're an experienced investor or new to the game, our friends at The Motley Fool want to help you find great stocks. Visit fool.com/optimalfinancedaily --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
Kumiko of The Budget Mom shares how to use the cash envelope method without cash. Episode 1055: How to Use the Cash Envelope Method Without Cash by Kumiko of The Budget Mom on Creating a Budgeting System Kumiko went from having a pile of credit card debt to becoming a successful budgeter and Accredited Financial Counselor. The Budget Mom exists to empower women to build a life they love on a budget they understand and can afford. The original post is located here: https://www.thebudgetmom.com/how-to-use-the-cash-envelope-method-without-cash/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group and Join the Ol' Family to get your Free Gifts! Whether you're an experienced investor or new to the game, our friends at The Motley Fool want to help you find great stocks. Visit fool.com/optimalfinancedaily --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
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Comments (22)

Shadowsumbra

I knew a guy who paid something around $800 per month who said he'd never be able to retire, and I believe him.

Feb 5th
Reply

Angel J. Segura

Thank you for helping people to improve their finacial literacy.

Nov 30th
Reply

Shadowsumbra

Some of the financial problems people face can be because of poor choices, but it's hard to deny the fact that people aren't making what they did a couple generations ago, and those generations encourage and put pressure on the future generations to live up to the same lifestyle.

Oct 30th
Reply

Shadowsumbra

This feels more like bragging than it does helpful advice.

Oct 30th
Reply

Shadowsumbra

This isn't a very good example. It is highly doubtful that a more expensive school will guarantee you a 50% pay increase for your first job. It would have been a better example to compare saving up for school for several years vs getting a loan and starting the career job sooner.

Sep 4th
Reply

Shadowsumbra

With a Roth, you're betting that you'll have a higher tax bracket in retirement and that taxes will be higher in the future. Considering that most of us on here should have high savings ratios and that we are at a historic low for taxes, that's a bet I'll make.

Dec 19th
Reply

Rogier Blokhuis

awesome post!

Dec 6th
Reply

Shadowsumbra

Can you really claim to be "self made" while inheriting a family business? To claim the majority of Forbes richest list are self made requires a very liberal definition.

Nov 24th
Reply

Shadowsumbra

part of the problem with many financial blogs is that they all assume you're spending money that you aren't even making to get these wild numbers. Many families don't even make 40k per year to start with.

Oct 24th
Reply

Shadowsumbra

Having a mindset that $10k is a lot of money isn't the cause of making money, making a lot of money is the cause of thinking that way. Its actually about percentages of your income, if anything.

Oct 9th
Reply

Pooja Prabhu

Renters can be a nightmare sometimes. loved the podcast!

Sep 5th
Reply

Shadowsumbra

it's all wishful thinking at best

Aug 21st
Reply

Shadowsumbra

Wow, I guess I'm sitting on a veritable gold mine of a spouse. Guess we should both quit our jobs and find someone willing to pay over a hundred grand to do laundry and cook a meal a few hours per day.

Aug 16th
Reply

Shadowsumbra

This is actually pretty terrible advice for most people. For most, it's easier to plan short term goals that build up to larger ones, or they get frustrated and give up. You have to crawl before you walk, walk before you run.

Aug 16th
Reply

T. K. Bennett

Great lessons learnt.

Aug 2nd
Reply

Laureanne Lorenzo

.%

Jul 30th
Reply

Shadowsumbra

If you're at risk of ruining your retirement by helping your kids get through college you've already failed yourself. Might as well roll the dice and see if your kids will do any better than you.

Jun 22nd
Reply

Shadowsumbra

I hate that you so regularly hear about successful business owners saying how amazing it is to own a successful business. What they don't tell you is how rare successful businesses are, or how much more work they can be. It's like asking lottery winners if they're glad they bought a lottery ticket. All I'm saying is, there's reasons why running a business isn't for everyone.

Feb 21st
Reply

Vichaya Chungu

this article is crammed with good points and advice. I thought the presenter was reading too fast and repeatedly had to hit back to listen again.

Dec 13th
Reply

iTunes User

I have already learned a wealth of invaluable financial knowledge in just 9 episodes of listening to this podcast. The perspectives on money are varied, nuanced and actionable. Plus, the real value is how much more efficient it is for me to listen to these podcasts rather than seeking out blogs and reading through for hours to find the best posts. I'm listening on my commute each day and reinventing my financial future in the process!

Aug 30th
Reply
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