3280: [Part 2] Why You Should Invest in Real Estate by ESI on Financial Independence Investing Plans
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3280:
ESI shares how smart real estate investments funded his early retirement, showing how cash purchases, renovations, and professional management turned properties into high-yield, low-effort income sources. He outlines the key advantages of real estate, from strong returns and reliable retirement income to creativity and flexibility, while stressing the importance of focusing on cash flow over appreciation.
Read along with the original article(s) here: https://esimoney.com/why-you-should-invest-in-real-estate/
Quotes to ponder:
"I net approximately 10% a year and my places have appreciated 45% to boot."
"I spend about two hours a month managing them, and they account for 70% of my retirement income."
"The worst thing I did: didn’t buy enough. I would have had twice the number of places and currently be making a fortune."
Episode references:
The Book on Rental Property Investing: https://www.amazon.com/Book-Rental-Property-Investing-Passive/dp/099071179X
The ABCs of Real Estate Investing: https://www.amazon.com/ABCs-Real-Estate-Investing-Investors/dp/1937832031
How to Invest in Real Estate: https://www.amazon.com/How-Invest-Real-Estate-Beginners/dp/1947200984
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11:45
3279: [Part 1] Why You Should Invest in Real Estate by ESI on Investment Advice for Retiring Early
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3279:
ESI shares how real estate investing transformed his financial life, from acquiring multiple rental units to retiring at 52 without touching his savings. While acknowledging the hassles of property management, he explains how the rewards, steady income, appreciation, and financial independence, can far outweigh the drawbacks for those willing to explore the opportunity.
Read along with the original article(s) here: https://esimoney.com/why-you-should-invest-in-real-estate/
Quotes to ponder:
“Hahahahaha! I hear you, real estate is not for everyone. On the plus side, Real Estate was the main reason I retired at 52.”
“I think everyone needs to at least know enough about real estate to consider it as an investment option.”
“I wasted all that time being limited by my own beliefs/fears when I could have been buying a place each year and building up a fortune.”
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9:22
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9:22
3278: 5 Personal Finance Myths That Could Ruin Your Retirement by Kalen Bruce of Money Mini Blog
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3278:
Kalen Bruce unpacks five damaging money myths that sabotage retirement plans, like believing a high income ensures future savings or that investing is only for finance experts. He urges readers to rethink their strategy by starting small, learning the basics of investing, and distinguishing between good and bad debt for a more secure financial future.
Read along with the original article(s) here: https://moneyminiblog.com/investing/personal-finance-retirement-myths/
Quotes to ponder:
"Many people take no care of their money till they come nearly to the end of it."
"To guarantee a comfortable retirement, get into a saving mindset starting with your mid-20s, even if that means setting aside just $100 every month."
"You don’t need a degree in finance to be successful."
Episode references:
Camp FI: https://www.campfi.org
4% Rule (Investopedia explanation): https://www.investopedia.com/terms/f/four-percent-rule.asp
The Federal Reserve Survey of Consumer Finances: https://www.federalreserve.gov/econres/scfindex.htm
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10:00
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10:00
3277: How to Get Your Spouse on Board with Early Retirement by Jill with Mad Fientist on Financial Independence
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3277:
Jill reflects on the emotional and relational shifts that occur when one partner retires early while the other continues working. She shares candid lessons about identity, expectations, and creating new rhythms together, offering perspective for couples navigating different paths to financial independence.
Read along with the original article(s) here: https://www.madfientist.com/spouse-early-retirement/
Quotes to ponder:
"Early retirement is amazing, but it does introduce some unique challenges if your spouse is still working."
"When your identity and self-worth have been tied to your job for so long, it can be hard to adjust when that job suddenly disappears."
"Just because you’re not working doesn’t mean you can’t be productive or contribute in meaningful ways."
Episode references:
The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357
Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Practical/dp/145360121X
Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766
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11:50
3276: How to Find a Contractor: It’s Not Just About Price by J.D. Roth of Get Rich Slowly on Frugality and Home Ownership
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3276:
J.D. Roth emphasizes that choosing the right contractor is about much more than just price, it’s about trust, communication, and understanding your needs. Through personal stories of home repairs and remodels, he shows how asking the right questions, comparing bids, and valuing reputation can lead to better results and long-term savings.
Read along with the original article(s) here: https://www.getrichslowly.org/how-to-find-a-contractor-its-not-just-about-price/
Quotes to ponder:
"Some people feel guilty asking a company for a price quote and then not using them. Don’t. That’s how it works."
"The contractor I hired did not offer the lowest price, but he ran a family business like mine, was willing to answer my questions, and offered a $500 reduction if I helped on the project."
"When you shop around for big-ticket items, you can save thousands of dollars."
Episode references:
Angi (formerly Angie's List): https://www.angi.com
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About Optimal Finance Daily - Financial Independence and Money Advice
Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone.
Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals.
This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future.
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