Optimal Finance Daily - Financial Independence and Money Advice
Optimal Living Daily | Diania Merriam
Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey throug...
3006: Invest Overview - Fueling Your Net Worth by ESI Money on How to Build Wealth Through Investing
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3006:
ESI from ESIMoney.com breaks down the transformative power of investing, the third step in the "Earn, Save, Invest" wealth-building strategy. By focusing on amount, time, and return, investments compound to multiply your net worth over time. With insights into index funds, real estate, and more, this guide simplifies how to grow wealth efficiently.
Read along with the original article(s) here: https://esimoney.com/invest-overview-fueling-your-net-worth/
Quotes to ponder:
"Time is the best way to maximize your investment return because your money starts to make money. And then that money starts making money."
"Investing is the step that supercharges your net worth and opens the door to high levels of wealth."
"Done well, your net worth will shoot to the moon."
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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10:32
3005: Budget Busters How to Plan for Unexpected Expenses by Chelsea of Smart Money Mamas
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3005:
Chelsea from SmartMoneyMamas.com explains the practical steps to safeguard your budget from unexpected expenses by dividing them into predictable and unpredictable categories. She highlights the importance of building annual budgets, creating sinking funds, and prioritizing an emergency fund to transform financial stress into manageable bumps in the road.
Read along with the original article(s) here: https://smartmoneymamas.com/how-to-plan-for-unexpected-expenses/
Quotes to ponder:
"Building irregular expenses into your budget is one of the pillars of creating a budget that works long-term."
"It always seems impossible until it is done."
"An emergency fund is your financial life jacket. It keeps you from sinking into debt just because you didn’t budget for something."
Episode references:
YNAB (You Need a Budget): https://oldpodcast.com/track
Qube Money: https://qubemoney.com
University of Minnesota Extension on family clothing budgets: https://extension.umn.edu
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12:31
3004: Risk Gets the Reward by Chris Reining on Investment Returns and Increasing Market Volatility
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3004:
Chris Reining's exploration of risk and reward illustrates how calculated risk-taking, as seen in Arnold Schwarzenegger's multifaceted career and real estate investments, paves the way for growth and success. He delves into tailoring investment strategies to personal risk tolerance, emphasizing the balance between safety and potential returns, and highlights the importance of long-term perspective in weathering market volatility.
Read along with the original article(s) here: https://chrisreining.com/risk-reward/
Quotes to ponder:
"Safety is fine, just be aware risk gets the rewards."
"My intention was to minimize my future regret. So I split my contributions 50/50 between bonds and equities."
"If there was a way to make money hand over fist with no risk wouldn’t everyone on the planet be rich?"
Episode references:
The Investor’s Manifesto: https://www.amazon.com/Investors-Manifesto-Preparing-Prospering-Rational/dp/0470505141
Tools of Titans: https://www.amazon.com/Tools-Titans-Billionaires-World-Class-Performers/dp/1328683788
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10:17
3003: How to Find a Good Tax Preparer by Kelley Long of Financial Finesse on Money Advice
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3003:
Kelley Long shares practical advice for navigating the complexities of hiring a tax professional. Whether you're a self-employed entrepreneur or have straightforward tax needs, she clarifies the roles of tax preparers, EAs, and CPAs, and offers actionable tips to ensure you find the right expert to save time, money, and stress.
Read along with the original article(s) here: https://www.financialfinesse.com/2017/04/26/how-to-find-a-good-tax-preparer/
Quotes to ponder:
"Pretty much anyone can call themselves a tax preparer, although the IRS has started to regulate that by requiring people who accept payment for preparing taxes to have a PTIN."
"If time is money, then the money we pay our accountant to prepare and file our taxes is money well spent."
"The sad fact is that there aren’t a lot of CPAs out there that actually want to do income taxes for regular families who just have jobs, kids, a house, and a few charitable donations."
Episode references:
Illinois CPA Society: https://www.icpas.org
National Association of Enrolled Agents: https://www.naea.org
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10:37
3002: The Smart Way to Stick to Habits by Leo Babauta of Zen Habits on Overcoming Negative Self-Talk
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3002:
Leo Babauta outlines a practical system to make habits stick by addressing common obstacles like loss of enthusiasm, distractions, and negative self-talk. By starting small, creating strong accountability, and setting up reminders, you can effectively overcome these challenges and turn new behaviors into lasting habits.
Read along with the original article(s) here: https://zenhabits.net/stick/
Quotes to ponder:
"Your mind says, 'This is too hard!' or 'Skipping it this time won’t hurt!' These are just weaselly ways to get out of discomfort."
"Don’t negotiate with these terrorists. Notice when these thoughts come up, and banish them."
"Start small. Keep the habit very small. As small as possible, until it becomes your new 'normal.'"
Episode references:
Good Habits, Bad Habits: https://www.amazon.com/Good-Habits-Bad-Science-Positive/dp/1250159075
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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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