Optimal Finance Daily - ARCHIVE 1 - Episodes 1-300 ONLY

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3413: Chris unpacks the hidden psychology behind everyday spending and reveals how the “Frivolous Purchase Threshold” tricks us into justifying impulse buys. With practical, mindset-shifting tips, this piece empowers you to realign spending with your goals and escape the trap of low-cost, low-value clutter. Read along with the original article(s) here: https://www.keepthrifty.com/frivolous-purchase-threshold/ Quotes to ponder: "Rather than wasting your money on frivolous purchases, redefine your FPT to $0 and put your money where your heart is." "Whatever number you use in that statement, whether it's $10, $20, or $20, is your own, personal frivolous purchase threshold." "Putting small barriers in the way helps us leverage our laziness to prevent unnecessary purchases." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3412: Christina Browning offers a realistic yet hopeful roadmap for those in their 40s, 50s, or 60s who haven't started saving for retirement. By focusing on smart budgeting, strategic investing, income awareness, and practical lifestyle changes, she shows how late starters can still build financial security and achieve retirement peace of mind. Read along with the original article(s) here: https://www.ourrichjourney.com/post/older-and-dont-have-a-retirement-plan-do-this Quotes to ponder: "You can't borrow or get a loan for your retirement, but your children can for their education." "When you're dealing with retirement accounts when you're older, age is actually an advantage for you." "Remain hopeful about your situation because financial independence is possible even when you're starting late!" Episode references: Social Security Administration: https://www.ssa.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3411: Mike Ballew explains why home warranties are often a poor financial decision, describing them as overpriced plans for predictable expenses rather than true insurance. He makes a compelling case for self-insurance, urging homeowners to save strategically instead of relying on warranty companies that rarely deliver full value. Read along with the original article(s) here: https://eggstack.com/blog/2020-03-08-Are-Home-Warranties-Worth-It/ Quotes to ponder: "Home warranties are forced savings for people who don't have the self-discipline to save." "Insurance performs well when the risk is low and the potential damages are high." "You don't need to insure against things that are totally predictable." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3410: Struggling to get back into a fitness routine? Chalene shares simple, realistic tips to break through workout slumps, like using alarms, pump-up playlists, and the “five-minute” rule, to rebuild momentum and motivation. These powerful strategies don't just apply to exercise, but can kickstart productivity and focus in all areas of your life. Read along with the original article(s) here: https://www.chalenejohnson.com/in-a-workout-slump-here-are-some-great-tips-to-get-motivated-again/ Quotes to ponder: "By promising yourself only five minutes you get through the toughest part and may have an even more successful workout than usual." "A workout can be a great way to boost motivation in other areas of your life." "After a couple of songs I'm feeling more motivated and excited about the workout and the blahs I had before are gone." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3409: Amanda Brownlow shares the practical and personal journey she and her husband took to slash nearly $1,000 from their monthly spending, despite starting off with no budgeting experience. By swapping luxury for value, like ditching cable, using cash envelopes, and mastering couponing, they transformed their finances with sustainable habits anyone can replicate. Read along with the original article(s) here: https://hellobrownlow.com/2016/03/20/how-we-began-to-slash-our-budget/ Quotes to ponder: "Cash is tangible and it's harder for me to let go of than running my magic swipey card through the register." "The process is hard at first, but when you get the hang of looking at your entire paycheck down to the very last cent, you get to see exactly where all your money goes." "I started to shop less and less for things that I didn't really need like that new eye shadow pallet or a new pair of shoes that I won't even wear." Episode references: The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/0785289089 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3408: Nick Maggiulli unpacks the rise and downfall of Atlas Trading, a group of financial influencers charged with running a $100 million pump-and-dump scheme. Through this cautionary tale, and a parallel story of extreme legal risk-taking, he exposes the dangerous allure of quick profits, while reminding us that the real pros in finance aren't making headlines; they're quietly doing honest work. Read along with the original article(s) here: https://ofdollarsanddata.com/trading-games/ Quotes to ponder: “Do not use followers as exit liquidity. Do not flex, or entice others to do your trades. Do not lie.” “The more risk you take, the more likely you are to see an extreme outcome (to the upside or the downside).” “In the game of trading, the only winning move is not to play.” Episode references: Jason Zweig – The Intelligent Investor column: https://www.wsj.com/news/author/jason-zweig SEC lawsuit press release: https://www.sec.gov/news/press-release/2022-219 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3407: Mikey Rox lays out six practical, no-nonsense strategies to help you take back control of your finances, from ditching impulsive spending to identifying hidden subscription drains. With expert insights from voices like Jeff Kreisler and Logan Abbott, this guide empowers you to be more mindful with your money and avoid common financial traps that keep people stuck. Read along with the original article(s) here: https://lenpenzo.com/blog/id50507-6-ways-to-resuscitate-your-doa-finances-today-2.html Quotes to ponder: "When you buy something that used to be $100 but is 35% off, you're not ‘saving' $35, you're spending $65. Instead, compare the price you're paying to zero, that is, the price of not buying it at all." "Pull up your online banking information and write down every single recurring subscription that you've paid during the past 90 days." "These methods are unavoidable, but keep in mind that paying in cash will always save you money. Try to be mindful and treat all of your payments as if they were cash." Episode references: Wirefly: https://www.wirefly.com Dollars and Sense: https://www.amazon.com/Dollars-Sense-Smart-People-Money/dp/006265120X Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3406: A Purple Life shares her simple yet powerful approach to guiding friends through the path to financial independence. By letting curiosity lead the conversation, encouraging preparation, and offering gentle follow-ups, she shows how to make meaningful financial change feel both approachable and empowering. Read along with the original article(s) here: https://apurplelife.com/2019/04/16/how-to-teach-a-curious-friend-about-financial-independence/ Quotes to ponder: "People are sensitive to money talk." "Finances in the US have the weird distinction of being up there with sex, religion and politics for topics that we don't often discuss." "Gentle reminders seem to help keep people on track." Episode references: 401(k): https://www.investopedia.com/terms/1/401kplan.asp Mint: https://www.mint.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3405: Craig Stephens breaks down the future costs of college for his three children and how these projections impact his retirement timeline. With detailed modeling, realistic assumptions, and a surprise family update, he explores the financial trade-offs between saving for education and maintaining long-term retirement goals, all while embracing the unpredictability of life. Read along with the original article(s) here: https://www.retirebeforedad.com/greatest-risk-to-retirement-goal/ Quotes to ponder: "Kids come with a price tag, but ultimately they are priceless." "Estimating the cost of college 15 years out is not an exact science." "Any change to a variable alters the numbers by tens of thousands of dollars." Episode references: The World's Simplest College Cost Calculator: https://www.savingforcollege.com/calculators/worlds-simplest-college-cost-calculator Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3404: Craig Stephens reflects on his ambitious plan to retire by age 55, beating his father by one year, and the financial realities that threaten that goal. With his children's college expenses looming in the same year as his intended retirement, he explores the deep impact of generational choices, personal sacrifice, and the ROI of higher education. Read along with the original article(s) here: https://www.retirebeforedad.com/greatest-risk-to-retirement-goal/ Quotes to ponder: "I reject the notion that because younger generations are statistically more likely to live longer than our parents, we will need to work longer." "More than a decade ago when my Dad retired from his teaching career at age 56, I told him my retirement goal was to beat him and stop working at age 55." "According to a recent study by Alicia H. Munnell at the Center for Retirement Research at Boston College, the average age of retirement for men in the US is 64." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3403: Dan Erickson shares five thoughtful strategies to help curb impulsive spending by encouraging a shift from emotional wants to practical needs. His advice empowers listeners to slow down, reflect on true priorities, and make purchasing decisions with greater clarity and purpose. Read along with the original article(s) here: https://nosidebar.com/purchase/ Quotes to ponder: "Wanting is an emotional response to being unsatisfied with what you already have." "When we spend money, we have to work harder and longer to recoup our loss." "Walking gives you time to consider the pros and cons of your motivations to buy." Episode references: Dictionary.com definition of "want": https://www.dictionary.com/browse/want Dictionary.com definition of "need": https://www.dictionary.com/browse/need Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3402: Greg Audino offers a nuanced counterpoint to Wayne Dyer's popular philosophy that worry is always unnecessary. By exploring the modern gray area between what we can and can't control, Audino validates the emotional experience of striving in uncertain situations and emphasizes the importance of self-acceptance as the real starting point for growth. Read along with the original article(s) here: https://medium.com/invisible-illness/in-defense-of-the-worry-warts-6cd8e3af3319 Quotes to ponder: "Her worry becomes not about if she can control it, but how." "Wayne Dyer is quoted as saying, 'Recognize the preposterousness of worry. Ask yourself over and over, ‘Is there anything that will ever change as a result of my worrying about it?''" "There's nothing wrong with you for worrying. It's not senseless, it's circumstantial." Episode references: The Power of Intention by Wayne Dyer: https://www.amazon.com/Power-Intention-Learning-Co-create-World/dp/1401902162 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3401: Charlie Brown explores how questioning mainstream financial advice, rather than blindly following norms, is the key to making empowered, informed money decisions. By urging us to challenge our sources, biases, and societal expectations, Brown invites listeners to consider alternative paths that may better align with their personal goals and values. Read along with the original article(s) here: https://themakingofamillionaire.com/if-you-want-to-make-good-money-decisions-there-is-a-simple-if-unconventional-way-to-make-them-5144fd208bc4 Quotes to ponder: "Everything good in my financial life happened when I started to question what I was told was normal." "You can only know better and do better if you're prepared to do the questioning." "Questioning life decisions is fun. Once you start to do it, you realize how many more options are available to you." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3400: Jen Hayes challenges the bootstraps-only narrative in personal finance by exploring the quiet power of luck in shaping financial outcomes. Through personal stories and relatable examples, she shows how chance events, both good and bad, can shape our financial paths, while also emphasizing the importance of personal responsibility and resilience in responding to life's unpredictability. Read along with the original article(s) here: https://www.jenhayes.me//how-much-of-personal-finance-is-luck/ Quotes to ponder: "Getting stuck in a victim mentality will not help you get out of your financial mess." "A sizable portion of your net worth is based on luck." "You may have to do some difficult things to turn your situation around, like getting a second job, asking for a raise, finding a better job, starting a 'side hustle', and/or drastically downsizing your current lifestyle." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3399: Jesse Cramer breaks down the essentials of estate planning with clarity and a touch of humor, demystifying a topic many avoid until it's too late. Learn how to protect your loved ones, reduce tax burdens, and ensure your assets are handled exactly the way you want, no matter your age or life stage. Read along with the original article(s) here: https://bestinterest.blog/estate-planning-101/ Quotes to ponder: “Estate planning is almost always done with an attorney. CFP financial planners are frequently involved, too.” “Why set up a trust? It might be to ensure your wishes are followed post-death. Or to reduce tax burden.” “Keep the documents safe! Store a copy of your estate plan in a safe place.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3398: Jake Wengroff lays out a clear, actionable approach to mastering your money by shifting how you think about it, no spreadsheets, no stock-picking stress, just smart systems and mindset shifts. Drawing from Ramit Sethi's five-step method, this guide helps you automate your finances, uncover hidden income, invest early, eliminate debt, and boost earnings without sacrificing the joy of spending. Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/financial-literacy/ Quotes to ponder: "You won't miss the money because all (or most) of your money will go where it's supposed to go, automatically." "Understanding how credit card debt, credit history, credit reports, and credit scores work, and their relationship to your overall financial health, is an important part of your financial literacy." "You can use the skills and experience you already have to make more money and put it into your accounts." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3397: Kumiko of The Budget Mom shares practical and empowering advice for handling debt in collections, emphasizing research, knowing your legal rights, and negotiating smart settlements. Her tips help demystify the debt payoff process while offering strategies that could protect your credit and bring peace of mind. Read along with the original article(s) here: https://www.thebudgetmom.com/3-tips-for-paying-off-debts-in-collections/ Quotes to ponder: "Not paying a collection account because you can't afford it right now doesn't mean you plan to ignore the debt forever." "A lump-sum settlement could cost less. Collection agencies buy debts for pennies on the dollar." "Taking care of old debts can give you peace of mind." Episode references: Annual Credit Report: https://www.annualcreditreport.com Consumer Financial Protection Bureau (CFPB) - Debt Collection Scams: https://www.consumerfinance.gov/consumer-tools/debt-collection Fair Debt Collection Practices Act (FDCPA) – FTC: https://www.ftc.gov/legal-library/browse/statutes/fair-debt-collection-practices-act Fair Credit Reporting Act (FCRA) – FTC: https://www.ftc.gov/legal-library/browse/statutes/fair-credit-reporting-act Credit Karma: https://www.creditkarma.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3396: Barney illustrates how building wealth can be simple, even lazy, if you master the power of compounding. By focusing on high savings rates, starting early, and investing consistently in low-cost index funds, you can create a compounding machine that does most of the heavy lifting for you, no crystal ball or complex strategies required. Read along with the original article(s) here: https://theescapeartist.me/2019/11/09/how-to-build-a-compounding-machine/ Quotes to ponder: "At a 50% savings rate, you will go from broke to financially independent in about 18/19 years." "A 10% a year return from a stockmarket tracker fund achieved by a person with average intelligence beats a 2% return from a complex multi-asset approach achieved by someone who went to Harvard." "When it comes to predicting future returns, there are 2 types of people: 1) those that don't know and 2) those that don't know they don't know." Episode references: S&P 500 historical returns: https://www.slickcharts.com/sp500/returns The Rule of 72: https://www.investopedia.com/terms/r/ruleof72.asp Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3395: Barney breaks down the fundamentals of building wealth through a “compounding machine,” a simple yet powerful system that transforms consistent savings and smart investing into long-term financial freedom. With clear examples like Kate's million-pound pension, he shows how starting early, keeping costs low, and staying consistent can do the heavy lifting for you. Read along with the original article(s) here: https://theescapeartist.me/2019/11/09/how-to-build-a-compounding-machine/ Quotes to ponder: "Pay yourself first and invest on auto-pilot." "At a 50% savings rate, you will go from broke to financially independent in about 18/19 years." "No one has a crystal ball and no one knows what future returns will be." Episode references: S&P 500 historical returns: https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview The Rule of 72: https://www.investopedia.com/terms/r/ruleof72.asp Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3394: Rosalyn Palmer shines a compassionate light on the hidden epidemic of modern loneliness, revealing its devastating physical and emotional toll across all ages and backgrounds. By exploring the role of social media, home design, and meaningful human connection, she offers practical insights to help us reimagine how we live and support one another in an increasingly disconnected world. Read along with the original article(s) here: https://rosalynpalmer.com/tackling-loneliness/ Quotes to ponder: "Loneliness, living alone and poor social connections are as bad for your health as smoking 15 cigarettes a day." "We are basically tribal people who want to connect and belong, yet this needs to be balanced by the need for each individual to have the ability to some privacy." "Being Ms. Popularity on social media doesn't protect you from loneliness." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3393: Sierra Black shares practical and proven strategies for slashing winter heating bills without sacrificing comfort. From upgrading insulation and heating systems to simple DIY hacks like layering rugs, sealing drafts, and using space heaters wisely, her approach balances budget-consciousness with eco-friendly living. Read along with the original article(s) here: https://www.getrichslowly.org/how-to-lower-your-heating-bills/ Quotes to ponder: "If you haven't done it already, spending a few hours going around your windows and doors with some draft-sealing putty or caulk will make a huge difference to how comfortable your home is in the winter." "Rather than keep the whole house toasty, I've lowered the temp on the main thermostat and set up a space heater in my office." "Adding layers to your house will make it feel warmer even if the thermostat stays at a modest temperature." Episode references: U.S. Department of Energy – Weatherization Assistance Program: https://www.energy.gov/scep/wap/weatherization-assistance-program Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3392: Jackie Beck reveals how using a credit card for emergencies can easily spiral into long-term debt and financial stress. Through her personal story, she emphasizes the importance of building an emergency fund, defining true emergencies, and making intentional spending decisions to break free from the debt cycle. Read along with the original article(s) here: https://www.jackiebeck.com/common-credit-card-mistakes/ Quotes to ponder: "You don't need an emergency credit card. You need an emergency FUND." "If you don't have the money yet, you can't afford whatever it is yet." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3391: ESI highlights how even a modest boost in annual salary growth, just 1%, can translate into millions more over a career when invested wisely. By breaking down salary scenarios and compounding returns, he proves that strategic career growth isn't just valuable, it's transformative for building wealth and achieving financial independence. Read along with the original article(s) here: https://esimoney.com/the-value-of-growing-your-career-is-worth-millions-more-than-i-thought/ Quotes to ponder: "Even if you only earn 1% more than average, you end up with over a million dollars more!" "If you plug along and are willing to accept 'average' for your career/income, you're potentially missing out on millions of extra dollars during your lifetime." "If you can grow your income faster than average (most people) and invest the difference at a reasonable rate over a working lifetime (or even any decent length of time) the difference is amazing and worth millions." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3390: Jeff Rose breaks down practical ways to access IRA funds without paying the early withdrawal penalty, offering guidance for those facing medical bills, unemployment, education costs, or even buying a first home. This article is a must-listen for anyone navigating financial hardship while trying to protect their retirement savings. Read along with the original article(s) here: https://www.goodfinancialcents.com/how-to-tap-your-ira-with-no-penalty/ Quotes to ponder: "Just because you can touch your retirement money with no penalty, doesn't mean that you don't have to pay the tax." "If you find yourself being recently let go and so as long as you receive unemployment for 12 consecutive weeks, then you are allowed to tap your IRA to pay for health insurance premiums for yourself and your family." "You can use your IRA money penalty-free to help with the cost to include: tuition, fees, books, supplies, room and board, and required equipment." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3389: Mark Dennis explores the classic personal finance dilemma of whether to save more for retirement or focus on paying off debt. Blending both mathematical logic and behavioral psychology, he outlines a hybrid approach that leverages guaranteed investment returns while maintaining motivation through small debt victories, helping you take control of your money and stay on track long-term. Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/29/should-you-save-more-for-retirement-or-pay-off-debt-first/ Quotes to ponder: "Use those good feelings of accomplishment to help motivate you to stay on track and hammer away at the next debt on your list until you kill that one too." "Free money is free money, and nothing beats a guaranteed return on your investment." "People often struggle to fully understand how compound growth works, which leads us to underestimate how much our savings could potentially grow." Episode references: Retirement Estimator Calculator: https://www.calcxml.com/do/ret02 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3388: Robert Farrington outlines how international bonds can offer valuable diversification to a portfolio, especially when U.S. markets falter. While foreign bonds bring potential for growth and currency advantage, they also carry unique risks, making thoughtful allocation and rebalancing essential for long-term investors. Read along with the original article(s) here: https://thecollegeinvestor.com/33391/international-bonds/ Quotes to ponder: "Rather than buying the bonds of some country directly, which can be complex, you can invest in foreign bonds through mutual funds and ETFs." "The global bond market is far larger and more liquid than the global stock market." "Foreign bonds denominated in the issuing country's currency (i.e., U.K. bonds in British pounds) will have an inverse correlation with the dollar." Episode references: Total International Bond ETF (BNDX): https://investor.vanguard.com/investment-products/etfs/profile/bndx LearnBonds: https://www.learnbonds.com Total World Bond ETF (BNDW): https://investor.vanguard.com/investment-products/etfs/profile/bndw Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3387: JL Collins dismantles the myth of homeownership as a wise investment by outlining its hidden costs, risks, and poor returns compared to other financial vehicles. He challenges deeply held beliefs by showing how homes drain resources, limit flexibility, and often deliver subpar gains, all while being propped up by emotion and government subsidies. Read along with the original article(s) here: https://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/ Quotes to ponder: “While the structure never appreciates in value, the land a house sits on can appreciate in value due to changes in supply and demand.” "Imagine if our investment could somehow tie its owner to the fate of one narrow location. The risk could be enormous!" Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3386: Jen Hayes reveals how adopting a minimalist mindset helped her lose 50 pounds by stripping away fitness industry noise and focusing on what truly matters. By choosing enjoyable movement, ditching fad diets, and prioritizing health over appearance, she built a simple, sustainable routine that feels good and actually works. Read along with the original article(s) here: https://www.simplyfiercely.com/minimalist-approach-fitness/ Quotes to ponder: "Minimalism is about getting rid of the things that don't matter so we can focus on the things that do." "Life is too short to waste it doing things you hate." "If your diet or exercise plan is making you miserable, try a different approach." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3385: Liz offers a practical and compassionate guide to building money habits that actually last, not by aiming for perfection, but by focusing on consistency, simplicity, and clarity. Through small behavioral shifts like removing temptations and redefining priorities, she shows how anyone can make sustainable progress toward financial peace and intentional living. Read along with the original article(s) here: https://www.frugalwoods.com/2020/01/31/how-to-create-sustainable-money-habits/ Quotes to ponder: "Slice away at your spending and your possessions to let the best rise to the top." “Make small, incremental changes you can stick to.” “Spend money on things related to those priorities and eliminate spending that's counter to those priorities.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3384: Liz from Frugalwoods lays out a practical framework for building sustainable money habits by emphasizing small, consistent changes over dramatic overhauls. By reshaping routines, engineering your environment, and disrupting autopilot spending, she shows how frugality can become effortless and long-lasting. Read along with the original article(s) here: https://www.frugalwoods.com/2020/01/31/how-to-create-sustainable-money-habits/ Quotes to ponder: "Frugality can become your default and you can train yourself to do the right thing with your money." "Routines create automatic pathways for how we live our lives; we can follow positive routines or negative routines." "If you want to spend more time reviewing your finances and goal-setting, make it part of your weekly/monthly routine." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3383: Leif explores the emotional rollercoaster that often follows early retirement, comparing its initial thrill to a honeymoon that inevitably fades. As routines set in and novelty wears off, the real challenge emerges: facing boredom, fear, and the search for lasting fulfillment. Learn how pivoting from scarcity to abundance thinking can help transform this emotional shift into a powerful catalyst for personal growth. Read along with the original article(s) here: https://www.physicianonfire.com/honeymoon-phase-of-retirement/ Quotes to ponder: "Fear is likely a result of wondering if you have enough. Not enough money. Maybe enough joy? Happiness? Potential fulfillment?" "Choose the abundance mindset rather than the scarcity one, and you might find that you need fewer spreadsheets to keep track of your joy." "Keep digging into what brought you moments of flow in earlier phases of life, keep bringing those back." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3382: Vicki Cook and Amy Blacklock break down the subtle but impactful differences between being frugal and being cheap, helping you assess whether your money-saving habits align with your values or if they may be costing more than you think. Learn how mindful spending can preserve relationships, support long-term goals, and still keep your finances in check. Read along with the original article(s) here: https://womenwhomoney.com/frugal-or-cheap-how-to-tell-why-matters/ Quotes to ponder: "Frugality means your spending decisions are aligned with your priorities and values, not going without or suffering because you lack things you need." "Being cheap is being selfish with your money." "Trying to save money can be a real challenge and there may be times where you find yourself being cheap instead of frugal." Episode references: BeFrugal: https://www.befrugal.com Ibotta: https://www.ibotta.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3381: Amanda Brownlow challenges the traditional mindset of extreme frugality by showing how intentional spending can lead to long-term savings. From prioritizing health and quality items to investing in insurance and expert financial advice, she explains why spending a little more now can prevent costly mistakes and replacements later. Read along with the original article(s) here: https://hellobrownlow.com/2020/10/14/spend-money-to-save-money/ Quotes to ponder: "Spending money on a gym membership (that you actually use), home gym equipment, whole food items, supplements, and more can help keep you healthy." "Staying healthy not only makes you feel good, but you save money in the long term, too." "You may need to save up money to purchase what you really want, but that higher quality item will pay for itself over time because you won't have to buy it again." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3380: Kathleen Coxwell highlights how millennials, often seen as financially unstable, are actually modeling habits that can lead to a more flexible and fulfilling retirement. From downsizing and ditching costly assets to prioritizing experiences, connection, and purpose, their lifestyle offers valuable lessons in living well both now and later. Read along with the original article(s) here: https://www.newretirement.com/retirement/learn-from-millennials-for-better-retirement-2/ Quotes to ponder: "Millennials crave the joy of adventures and discoveries, whether epic or everyday." "Talking about money is a good thing. Behavioral research has found that having peers who have good financial habits can help you to have good financial habits." "You can actually slow down the clock by trying new things." Episode references: U.S. Census Bureau: https://www.census.gov Pew Research Center: https://www.pewresearch.org Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3379: J. Money unpacks how billions of dollars in unclaimed property are just sitting around, waiting to be claimed, including hundreds his own wife forgot about from a decade-old paycheck. With step-by-step guidance and a few laughs, he shows how easy (and free) it is to search for and reclaim your lost funds, and possibly help your friends and family do the same. Read along with the original article(s) here: http://www.budgetsaresexy.com/find-unclaimed-money-property/ Quotes to ponder: "It literally takes a handful of seconds to get started, and there's no excuse for not giving it a shot." "Claims can be made into perpetuity in most cases, even by heirs." "Unclaimed property is one of the original consumer protection programs." Episode references: Virginia unclaimed property search: https://vamoneysearch.gov/ Unclaimed.org (National Association of Unclaimed Property Administrators): https://www.unclaimed.org Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3378: Michael Mehlberg challenges the productivity trend of cutting out distractions by flipping the script, urging us to protect the activities that fuel us through a not-to-give-up list. This powerful mindset helps you stay motivated, avoid burnout, and build a life that balances achievement with joy. Read along with the original article(s) here: https://michaelmehlberg.com/blog/2018/5/30/you-dont-have-to-give-up-important-things-to-get-important-things-done Quotes to ponder: "Forced self-control only works when you're not stressed or tired." "Without a clear purpose for every item that goes on this list, you'll find yourself ignoring it, or worse, binging on the very things you add to it." "And that's the beauty of a not-to-give-up list. You put the focus on what's important in your life." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3377: Dr. Lisa Firestone explores how our emotional history, especially early experiences with money, shapes our current financial stress and self-worth. She reveals how the "critical inner voice" hijacks our judgment, fueling guilt, anxiety, and self-sabotage, and offers practical tools for developing healthier financial beliefs and habits. Read along with the original article(s) here: https://www.psychalive.org/money-stress-why-we-feel-bad-about-money/ Quotes to ponder: "The critical inner voice can cloud your judgment when it comes to money, because you are no longer making choices based on real, practical information." "Don't avoid your fears or try to self-soothe. Neither buying something you can't afford nor denying yourself any little luxury will truly relieve you." “The critical inner voice often creates conflict between couples when it comes to money.” Episode references: Stress in America survey by the American Psychological Association: https://www.apa.org/news/press/releases/stress Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3376: Nick Maggiulli unpacks how wealthy individuals allocate their assets, revealing that investment strategies often depend more on access and status than on performance alone. While ultra-wealthy investors lean heavily into alternatives like private equity and hedge funds, this typically happens after wealth is accumulated, not as the path to it, offering a crucial reminder to focus on what works for your own situation rather than mimicking the elite. Read along with the original article(s) here: https://ofdollarsanddata.com/how-do-the-wealthy-invest/ Quotes to ponder: "Try not to forget that the wealthiest 10% of Americans own nearly 90% of all U.S. stocks!" “Not all investing is about money, sometimes it's about status too.” “There are many ways to preserve and grow your wealth. The hard part is finding what works best for you.” Episode references: Michael Kitces: https://www.kitces.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3375: Honey Smith explores the practical and psychological benefits of keeping physical cash as part of your emergency fund, especially in times when digital access to money may be disrupted. Weighing the pros and cons, from peace of mind and preparedness to lost interest and security risks, she offers clear guidance on how much cash to keep, where to store it, and why doing so could be a smart addition to your financial safety net. Read along with the original article(s) here: https://www.getrichslowly.org/should-cash-be-part-of-your-emergency-fund/ Quotes to ponder: "You'll never be out of money when you need it." "Cash can't be garnished like a paycheck or bank account, and it isn't easily traced." "If you lose the money, it gets destroyed, you are robbed, etc., you may have very little recourse." Episode references: Mint: https://mint.intuit.com/ Capital One 360: https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3374: Fritz Gilbert outlines three key adjustments to improve the sustainability of retirement withdrawals in today's uncertain market environment: lowering the withdrawal rate to 3.3%, adopting a dynamic spending strategy tied to market performance, and increasing international equity exposure. These practical shifts help retirees better manage risk and longevity while maintaining spending flexibility. Read along with the original article(s) here: https://www.theretirementmanifesto.com/rethinking-the-4-safe-withdrawal-rule/ Quotes to ponder: "Being willing and able to adjust your spending based on actual market returns has been proven to increase your statistical chances of not outliving your money." “Run the numbers. Be safe out there.” Episode references: Vanguard Total International Stock Index Fund (VTIAX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vtiax Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3373: Fritz Gilbert challenges the conventional 4% safe withdrawal rule, arguing that its simplicity may be dangerously outdated given today's market conditions. He outlines key concerns about relying on historical data, inflated equity valuations, and rising interest rates, and hints at three practical adjustments he personally uses to reduce risk in retirement spending. Read along with the original article(s) here: https://www.theretirementmanifesto.com/rethinking-the-4-safe-withdrawal-rule/ Quotes to ponder: "Bond prices are inversely related to interest rates, so as rates go up, bond prices go down." "Assuming a minimum requirement of 30 years of portfolio longevity, a first-year withdrawal of 4 percent, followed by inflation-adjusted withdrawals in subsequent years, should be safe." "If you're holding 60% stocks and 40% bonds, it's possible that you could see decreases in both asset classes." Episode references: GMO Forecast via Wealth of Common Sense: https://awealthofcommonsense.com/2021/10/the-worst-stock-and-bond-returns-ever/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3372: Christina Browning shares ten crucial steps to ensure a successful early retirement abroad, drawing from her personal experience relocating to Portugal. From navigating foreign healthcare systems to stress-testing your lifestyle across seasons, these actionable tips help you avoid common pitfalls and set the stage for a seamless transition to life overseas. Read along with the original article(s) here: https://www.ourrichjourney.com/post/want-to-retire-early-abroad-do-these-10-things-first Quotes to ponder: "Using the medical and dental system in your chosen country is an absolute must before moving!" "Meeting with other ex-pats in the country of your choice will teach you something immensely valuable, not necessarily how much they love the country, but more so the struggles that they've faced while living there." "Hobbies are a significant part of life for a lot of people, so it's important to think about this before you make the move." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3371: Julien Saunders shares a heartfelt exploration of how giving, whether through financial support, gifts, or time, aligns with their values and fuels their pursuit of financial independence. By embracing a flexible, impact-driven approach to generosity, the Saunders family demonstrates how giving can become both a personal responsibility and a tool for meaningful change. Read along with the original article(s) here: https://richandregular.com/when-why-and-how-we-give/ Quotes to ponder: "Giving isn't a competition and it's ok to simply give what you want, when you want to." "Sales are signs of life and hope for them." "We view our investment strategy as an act of radical self-responsibility." Episode references: NPR (National Public Radio): https://www.npr.org/ PBS (Public Broadcasting Service): https://www.pbs.org/ The Power of Giving: https://www.amazon.com/Power-Giving-Creating-Abundance-Yourself/dp/1585427519 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3370: Kat Medina reflects on how solo travel helped her redefine loneliness as a gateway to joyful solitude and personal growth. Through honest storytelling and a five-day self-connection challenge, she encourages us to disconnect from distractions and rediscover the richness of our own company. Read along with the original article(s) here: https://www.katmedina.com/article?id=solitude Quotes to ponder: "There are some moments that are more impactful when experienced by oneself, reminding me that there is a clear difference between alone and lonely." "If you prioritize some time for yourself to just ‘be', you can transform isolation into solitude." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3369: Christine Luken offers a clear-eyed guide to understanding how different types of debt, mortgages, credit cards, student loans, and medical bills, are handled after death, and who (if anyone) becomes responsible. With practical advice and real-life examples, she shows how proper planning can prevent financial headaches for grieving loved ones. Read along with the original article(s) here: https://www.christineluken.com/what-happens-to-my-debt-when-i-die/ Quotes to ponder: "Family members of a deceased person are typically not obligated to use their own money to pay for credit card debt after death." "If you have a federal student loan, then the federal government will discharge any remaining debt upon your death." "Here's the bottom line: excessive debt is bad news all the way around." Episode references: The Motley Fool: https://www.fool.com/ Credit Karma: https://www.creditkarma.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices