Optimal Finance Daily

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3332: Kristin Wong explores how insecurity and societal expectations can limit women's financial growth and confidence, especially in negotiating and investing. Drawing from research and personal experience, she emphasizes the transformative power of financial knowledge, self-advocacy, and challenging gender norms to build lasting wealth and independence. Read along with the original article(s) here: https://www.getrichslowly.org/women-insecurity-and-money-overcoming-the-confidence-gap/ Quotes to ponder: "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." "I had a high tolerance for low pay, and it didn't do me any favors." Episode references: Secrets of Six-Figure Women: https://www.amazon.com/Secrets-Six-Figure-Women-Strategies-Earning/dp/0060933461 First Round 10 Year Project: https://10years.firstround.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 3331: FIRECracker challenges the conventional wisdom that owning is always better than renting by sharing a personal story of how car-sharing saved thousands and reduced stress after a nasty accident with a white van. With sharp humor and financial insight, she makes a compelling case that renting both cars and homes can lead to greater freedom, fewer surprises, and accelerated wealth building, especially in high-cost cities. Read along with the original article(s) here: https://jlcollinsnh.com/2016/10/21/buy-your-freedom-rent-the-rest/ Quotes to ponder: "Renting lets you get ahead, because you don't need to take the financial risk to maintain a physical asset." "The costs of owning are WAY higher than people think, and the worst part of these expenses are they are often unexpected." "Stress free and predictable. That's the key to freedom." Episode references: Enterprise CarShare: https://www.enterprisecarshare.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 3330: Rose Lounsbury explores how the presence of open space, not exotic vacations or minimalist fantasies, brings real peace to our everyday lives. Through her journey from insomnia and stress to clarity and calm, she reveals how decluttering our surroundings can unlock a deeper sense of freedom, presence, and restfulness. Read along with the original article(s) here: https://roselounsbury.com/joy-of-open-space/ Quotes to ponder: “There is something in all of us that attracts us to open spaces.” “Imagine yourself in your ideal environment. Got an image? Good. Now, create it.” “Vacation is not just a break from our daily routines, it is often a break from the overwhelming stress of our stuff.” 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 3329: Jess Chua's unexpected battle with adult acne became a surprising teacher in frugality and intentional living. Her journey away from expensive, overhyped skincare routines toward minimalist, research-backed self-care reveals how challenges can prompt deeper awareness around consumerism, budgeting, and self-trust. Read along with the original article(s) here: https://budgetsaresexy.com/how-acne-made-me-more-frugal/ Quotes to ponder: "Sometimes, you don't get what you pay for." "The concept of 'less is more' frees you up to focus on the things that matter even more." "When it came to potential purchases, I would keep asking myself: 'Is this something I really 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 3328: Scott Spann outlines a straightforward estate planning checklist that empowers you to make proactive decisions, no matter your age, income, or family status. From organizing documents and setting clear goals to naming beneficiaries and creating essential legal directives, this guide helps ensure your wishes are honored and your loved ones are spared unnecessary stress during difficult times. Read along with the original article(s) here: https://www.financialfinesse.com/2013/06/17/a-simple-estate-planning-checklist-for-a-challenging-topic/ Quotes to ponder: "Discussing your intentions in advance can help avoid family conflicts and also minimize the potential for any confusion or questions regarding your true intentions." "If you have a plan in place but nobody is aware of it, then your wishes may be ignored or there may be significant delays in figuring out your desires." "Life will undoubtedly throw a curve ball or two our way so it's essential to review and adapt our plans as necessary." Episode references: Life Happens: https://lifehappens.org/ LegalZoom: https://www.legalzoom.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 3327: Philip Taylor outlines smart strategies to avoid the car loan debt trap, including paying cash for your next vehicle, refinancing through local credit unions, and leveraging side income to accelerate debt payoff. He emphasizes the long-term financial gains of keeping your car longer, selling unused items, and using high-yield savings accounts to prepare for future purchases. Read along with the original article(s) here: https://ptmoney.com/repair-or-replace-car/ Quotes to ponder: "A car is an asset, but unlike a home which tends to increase in value, a car loses value the minute you drive it off the lot!" "If you're in a situation where you still owe money on your car, see if you can refinance the debt through a local bank or credit union." "You know you'll need to replace your vehicle eventually, so the wise choice is to save up now." Episode references: Gabi Insurance: https://www.gabi.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 3326: Philip Taylor breaks down the financial and emotional dilemma of whether to repair or replace an aging car, guiding you through five practical questions to assess safety, cost, and long-term value. His thoughtful analysis, paired with an inspiring story of a car-free lifestyle, offers a fresh perspective on what smart, frugal vehicle ownership can really look like. Read along with the original article(s) here: https://ptmoney.com/repair-or-replace-car/ Quotes to ponder: "Is your vehicle spending more time in the shop than in your driveway?" "Even if the safety standards are up to par, reliability can be a big issue with older cars." "Before you agree to any work done on your car, get an estimate in writing." Episode references: Consumer Reports: https://www.consumerreports.org/cars Enterprise Plus Rewards Program: https://www.enterprise.com/en/loyalty.html Edmunds Car Value Tool: https://www.edmunds.com/appraisal Kelley Blue Book: https://www.kbb.com ZipCar: https://www.zipcar.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 3325: Mr. Finer breaks down the subtle yet powerful trap of lifestyle inflation, showing how incremental upgrades in spending can quietly sabotage financial independence. By focusing on maximizing happiness and utility instead of status, he offers clear strategies to recognize and resist the pressure to constantly "upgrade" your life. Read along with the original article(s) here: https://mrfiner.com/why-lifestyle-inflation-is-harmful-and-how-to-avoid-it/ Quotes to ponder: “There is enough to meet everyone's needs but not enough to meet everyone's greed!” “Lifestyle inflation is like a hole in a tire. You can pump in air, but the tire will not get full until the hole is plugged.” “Maximize for happiness, not for status.” 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 3324: Nick Maggiulli explores how the personal finance world is shifting from emotional storytelling and appeals to authority toward logic-driven, evidence-based insights. By comparing this evolution to the transformation seen in martial arts through the rise of the UFC, Maggiulli shows why data, not dogma, is now winning hearts, and portfolios. Read along with the original article(s) here: https://ofdollarsanddata.com/the-triumph-of-logos/ Quotes to ponder: "Old, flawed ways of thinking will be pushed out by new data and evidence." "It's the feeling of knowledge that must be preserved, not the fact of it or lack thereof." "Most millionaires don't have huge houses, fancy cars, nor a caviar addiction." Episode references: Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 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 3323: Craig Stephens uses the simple act of resisting a doughnut to illustrate how self-control and delayed gratification fuel long-term financial freedom. His reflection shows that every small disciplined choice shapes a stronger mindset, greater savings, and a life built on intentional habits rather than impulse. Read along with the original article(s) here: https://www.retirebeforedad.com/dont-eat-doughnut/ Quotes to ponder: "Every decision we make, no matter how small, contributes to who we are and where we're going." "Self-control is a muscle, the more you use it, the stronger it becomes." "Delaying gratification today gives you more choices tomorrow." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Marshmallow Test – Stanford University: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment 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 3322: Rachel Shanken invites readers to confront their “feelings phobia” by understanding that emotions are not threats but valuable messages from within. Through mindfulness, compassion, and gentle curiosity, she shows how embracing our emotions leads to deeper self-awareness, resilience, and emotional freedom. Read along with the original article(s) here: https://mindbodywise.com/blog/conquering-your-feelings-phobia/ Quotes to ponder: "Many of us have a phobia of our feelings, a fear of fully feeling our emotions." "When we resist what we feel, our emotions intensify, linger, or show up in other ways, such as anxiety, irritability, or physical pain." "By allowing ourselves to feel, we open the door to healing, clarity, and peace." Episode references: Radical Acceptance: https://www.amazon.com/Radical-Acceptance-Embracing-Yourself-Awakening/dp/0553380990 The Gifts of Imperfection: https://www.amazon.com/Gifts-Imperfection-Think-Supposed-Embrace/dp/159285849X The Body Keeps the Score: https://www.amazon.com/Body-Keeps-Score-Healing-Trauma/dp/0143127748 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 3321: Sarah Von Bargen reveals how cutting out unnecessary purchases transforms not just your finances but your confidence, peace of mind, and relationship with your space. By aligning spending with genuine joy and values, she shows that mindful consumption can lead to greater freedom, time, and self-trust, without relying on willpower or deprivation. Read along with the original article(s) here: https://www.yesandyes.org/2018/05/stop-buying-shit-you-dont-need.html Quotes to ponder: "When you stop buying things you don't need, you have more money to buy things you do." "When we work less, we have more time for the things that make us happy." "When you stop buying things you don't need, you feel better about your space." Episode references: The Easy Way to Quit Smoking by Allen Carr: https://www.amazon.com/Easy-Way-Stop-Smoking-Without/dp/1402718616 This Naked Mind by Annie Grace: https://www.amazon.com/This-Naked-Mind-Control-Discover/dp/0525537236 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 3320: ESI pulls back the curtain on his biggest financial missteps, from reckless early spending to investing in high-fee mutual funds and getting burned by an uninsured bank. With hard-earned humility and clear-eyed reflection, he shows that even serious money mistakes can still lead to long-term success, offering listeners a reassuring reminder that it's never too late to turn things around. Read along with the original article(s) here: https://esimoney.com/my-worst-money-mistakes/ Quotes to ponder: "I had no budget and absolutely no savings. I was making a fortune after all, why did I need to save?" "If I had loosened up a bit and been willing to accept properties with a 9% return, I'd probably have twice as many properties as I do now." Episode references: Beating the Street: https://www.amazon.com/Beating-Street-Peter-Lynch/dp/0671891634 Vanguard Index Funds: https://investor.vanguard.com/investment-products/mutual-funds 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 3319: Julien Saunders challenges the long-held belief that homeownership is the ultimate symbol of financial success, revealing the hidden costs, inefficiencies, and limitations it often creates. By examining oversized houses, expensive mortgages, underutilized space, and geographic restrictions, he encourages a more intentional approach, buy smaller, avoid unnecessary debt, and prioritize flexibility over blind adherence to the “American Dream.” Read along with the original article(s) here: https://richandregular.com/the-fallacy-of-homeownership/ Quotes to ponder: "If homeownership was such a sure shot to building wealth, wouldn't we know more wealthy people?" "Borrowing the maximum allowable amount of money for a home benefits banks, not you." Episode references: The Declaration of Independence: https://www.archives.gov/founding-docs/declaration-transcript 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 3318: Darrow Kirkpatrick unpacks the real distinction in retirement income strategies, not between risk and safety, but between who manages the risk, you or an insurance company. He argues for a flexible, hybrid approach that evolves over time, matching both your temperament and life circumstances, rather than locking into an all-or-nothing decision early on. Read along with the original article(s) here: https://www.caniretireyet.com/are-you-feeling-lucky-the-two-schools-of-retirement-income/ Quotes to ponder: “‘Probability-based' and ‘safety-first' label the extremes in retirement planning.” “The real distinction is whether (market and longevity) risk is transferred or retained, and if retained how those risks are managed or avoided.” “Once you buy an annuity, you own that decision for 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 3317: Darrow Kirkpatrick explores the two dominant schools of retirement income planning: probability-based strategies, which rely on investment growth and withdrawal methods, and safety-first approaches, which prioritize guaranteed income through annuities or bonds. He highlights the strengths and pitfalls of each, noting that the most practical solution for many retirees is often a thoughtful combination of both philosophies. Read along with the original article(s) here: https://www.caniretireyet.com/are-you-feeling-lucky-the-two-schools-of-retirement-income/ Quotes to ponder: "In the safety-first philosophy, you, or a financial planner, match guaranteed income to essential expenses." "A failure probability in the neighborhood of 10% is often considered acceptable. That's one chance in ten." "Failure is defined as running out of money before running out of life." 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 3316: Joel shares the real challenges of managing rental properties far from home, from unexpected repair costs and multiple state tax filings to navigating local laws and building trust with teams you've never met in person. With practical strategies and personal lessons learned, he shows how to handle these obstacles while reminding us why real estate can still be worth the effort. Read along with the original article(s) here: https://5amjoel.com/downsides-out-of-state-rental-properties/ Quotes to ponder: “It's hard to build a trustworthy real estate team especially when doing it all over the phone!” “Small political changes can have huge effects on the profitability of your investments.” “If you want rainbows you have to put up with the rain.” Episode references: Long-Distance Real Estate Investing: https://www.amazon.com/Long-Distance-Real-Estate-Investing-Financial/dp/1947200038 The Speed of Trust: https://www.amazon.com/Speed-Trust-Thing-Changes-Everything/dp/1416549005 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 3315: Sam Dogen explores the psychology behind overspending and how to recognize the emotional triggers that lead to impulse purchases. By shifting focus toward long-term satisfaction, building awareness, and setting up practical guardrails, he shows how to resist the urge to splurge and create a healthier relationship with money. Read along with the original article(s) here: https://www.financialsamurai.com/controlling-the-urge-to-splurge/ Quotes to ponder: "Splurging is like eating that extra piece of chocolate cake when you're already full." "The more you can highlight the negatives of splurging, the easier it is to resist." "Once you accept that splurging will never provide lasting happiness, you'll be free." 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 3314: Ross Enamait highlights the importance of learning from the journeys of accomplished athletes, not just their victories. By listening to their struggles, persistence, and adaptability, we gain practical lessons that extend far beyond sports and can fuel personal growth in any field. Read along with the original article(s) here: http://rosstraining.com/blog/2015/07/20/listen-and-learn-from-successful-athletes/ Quotes to ponder: "One of the best ways to learn is by listening to those who have come before you." "You can always find value in listening to someone who has been there and done that." "Success is rarely the result of a straight path, but instead a journey filled with ups and downs." 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 3313: Jen Hayes challenges the common belief that student loans are “good debt,” showing how high interest, limited return on investment, and the inability to discharge loans in bankruptcy can create a lifelong financial burden. She urges students to consider alternatives, such as working and saving before pursuing a degree, and to be strategic about choosing affordable education paths with practical majors. Read along with the original article(s) here: https://www.jenhayes.me/student-loans-bad-debt/ Quotes to ponder: "Interest on student loans compounds, this means that the interest itself collects interest." "Student loan debt, unlike most other forms of debt, cannot be eliminated during bankruptcy." "Whatever you decide to do, don't believe the lie that student loans are 'good' debt." 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 3312: Andy Hill shares how a single pay raise became the spark that transformed his financial future. Instead of succumbing to lifestyle creep, he and his wife used the extra income to eliminate debt, build wealth, and ultimately gain the freedom to design their life around their values rather than consumerism. His story highlights how intentional choices can turn small wins into long-term financial independence. Read along with the original article(s) here: https://marriagekidsandmoney.com/how-one-pay-raise-can-inspire-debt-freedom Quotes to ponder: “Although these purchases, moments and experiences brought me a ton of joy, the ‘I want it now' nature of them left me with a sizable amount of debt.” “As much as I REALLY enjoyed vacations, eating nice dinners and partying with my friends, I was now more excited about ridding debt from my life and increasing my net worth.” 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 3311: Jeff Rose explains why working with an independent life insurance agent can simplify the often confusing process of finding coverage. Unlike exclusive agents tied to one company, independent agents compare policies across multiple insurers, helping clients, especially those with unique health conditions or risky hobbies, secure better rates and tailored options. With no conflicts of interest, they act as unbiased guides to ensure individuals find the most affordable and suitable protection for their needs. Read along with the original article(s) here: https://www.goodfinancialcents.com/independent-life-insurance-agent/ Quotes to ponder: "Your rates are tied to your health." "Working with an independent agent is not only the best way to get affordable life insurance, it's one of the easiest as well." "There is no 'perfect amount' of life insurance that works well for everyone." 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 3310: Christina Browning highlights smart strategies for handling a financial windfall by focusing on financial literacy, setting long-term goals, and weighing whether to pay off debt or invest. She explores practical investment options, building a business, real estate, or the stock market, while emphasizing risk management and avoiding get-rich-quick schemes. Her approach shows how a lump sum can accelerate financial independence if directed with purpose and discipline. Read along with the original article(s) here: https://www.ourrichjourney.com/post/investing-a-large-sum-of-money Quotes to ponder: "You must become financially literate so that when the opportunity arises and you suddenly come into a large sum of money, you have the knowledge you need to make the best decisions for you." "Using that money allowed us to buy the right property at the right time and grow our wealth significantly." "The journey to financial independence takes time, even with large sums of money." 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 3309: Christina Browning highlights the key mistakes to avoid when investing a large sum of money, especially on the path to financial independence. She stresses the importance of financial literacy, avoiding liabilities disguised as assets, and being cautious with individual stocks and speculative investments like cryptocurrency, guiding listeners toward smarter, more sustainable wealth-building choices. Read along with the original article(s) here: https://www.ourrichjourney.com/post/investing-a-large-sum-of-money Quotes to ponder: "Financial literacy is KEY!" "Don't buy liabilities disguised as assets." "If you're new to stock market investing, you probably don't know nearly enough yet to know how to select stocks that you can be legitimately confident in." 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 3308: J. Money unpacks a variety of common financial rules of thumb, covering housing, retirement, life insurance, budgeting percentages, and saving for college, and questions how useful they really are in practice. His reflections reveal that while these rules provide handy benchmarks, personal circumstances and priorities often tell a different story, encouraging a more flexible, individualized approach to money. Read along with the original article(s) here: https://www.budgetsaresexy.com/interesting-financial-rules-of-thumb-to-follow/ Quotes to ponder: “Spend no more than half of your income on living expenses, keep discretionary items to 30%, and save the rest.” “You can afford a home that's two to four times your annual gross income.” “You need life insurance equal to eight to 10 times your annual pretax income.” 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 3307: Chris Guillebeau challenges the conventional notion of success by contrasting the purchase of an expensive SUV with the life-changing experience of visiting 100 countries. He reminds readers that real wealth lies in experiences, freedom, and memories, not in depreciating possessions. Read along with the original article(s) here: https://chrisguillebeau.com/100-countries-or-an-suv/ Quotes to ponder: "Most people spend their money on things that depreciate quickly, instead of on things that increase in value over time." "With travel, the more you do, the richer you become." "Memories, experiences, and personal growth are things that no one can repossess." 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 3306: Amanda Brownlow shares how shifting from owning more to embracing minimalism brought her family peace of mind, improved finances, and deeper contentment. By letting go of excess possessions and the mindset that more equals security, she discovered freedom, clarity, and more time for what truly matters. Read along with the original article(s) here: https://hellobrownlow.com/2019/03/26/how-we-feel-secure-with-owning-less/ Quotes to ponder: “That first round of decluttering (the purge) lifted a weight from my shoulders that I didn't know existed.” “We feel secure in owning less because all that stuff that was cluttering our home and our minds was 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 3305: Tax lien investing offers the promise of diversification, steady returns, and even the chance to acquire property at a fraction of its value. But as Vicki Cook and Amy Blacklock explain, the risks and complexities, such as bidding wars, due diligence, and potential repair or legal costs, make it a strategy best suited for experienced real estate investors. Their guidance helps you weigh whether the payoff justifies the time, effort, and risks involved. Read along with the original article(s) here: https://womenwhomoney.com/tax-lien-investing-make-money/ Quotes to ponder: "You don't need to be a real estate agent or have a business to invest in tax liens." "To make a smart tax lien investment, the due diligence takes time." "If investing in tax lien certificates wasn't a good way to make money, there wouldn't be much competition for them." Episode references: National Tax Lien Association: https://ntla.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 3304: Jackie Beck emphasizes two foundational, yet often overlooked, steps to finally break free from debt: stop borrowing and stay committed through the ups and downs. Her practical advice reframes debt not as a budgeting puzzle but a mindset shift, encouraging listeners to build support systems, establish emergency funds, and plan for the inevitable surprises that come with financial transformation. Read along with the original article(s) here: https://www.jackiebeck.com/want-to-get-out-of-debt-dont-forget-the-most-important-step/ Quotes to ponder: "You have to quit borrowing in order for any get out of debt method to work." "When you're in a hole and want to climb out, the first step is to put down the shovel." "The most important thing when it comes to quitting debt is remembering that there are always alternatives to borrowing." 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 3303: Scott Spann explores situations where a Roth IRA may not be the best choice, highlighting factors like early withdrawal temptations, uncertain future tax rates, and the potential benefits of focusing on career development instead. His perspective encourages weighing personal circumstances and long-term financial goals before deciding between retirement account options. Read along with the original article(s) here: https://www.financialfinesse.com/2013/07/01/reasons-to-stay-away-from-a-roth/ Quotes to ponder: "A wonderful feature of Roth IRAs is the ability to access your contributions at any time without taxes or penalties. This ease of accessibility can be dangerous for people who may be easily tempted to withdraw these contributions prior to retirement for non-emergencies." "If you are debating between contributing to a Roth or advancing your knowledge and earnings potential, it just may make more sense to focus on career development for the best return on your investment." "We could even see a national sales tax or a VAT that would be applied to all spending, whether it came from a Roth or not." 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 3302: Kent Thune reminds us that the greatest factor in long-term investing success is not the market, the economy, or government policy, but ourselves. By focusing on what we can control, like asset allocation, time in the market, and savings rate, while cultivating self-awareness and defining our own path, we gain both financial resilience and personal growth. Read along with the original article(s) here: https://www.getrichslowly.org/the-number-one-impact-on-your-investments-is-you/ Quotes to ponder: “The markets can remain irrational longer than you can remain solvent.” “If I have even just a little sense, I will walk on the main road and my only fear will be straying from it.” “Meaning, happiness, and control in our lives best derive from internal sources.” Episode references: Myers-Briggs Type Indicator (online test): https://www.16personalities.com/free-personality-test Emotional Intelligence: Why It Can Matter More Than IQ: https://www.amazon.com/Emotional-Intelligence-Matter-More-Than/dp/055338371X 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 3301: Sean Mullaney explains how early retirees may have hidden safety nets that reduce the risk of running out of money under the 4% rule. From the progressive structure of Social Security benefits to the flexibility of housing choices and even the reality of life expectancy, these backstops can provide confidence and stability in retirement planning. His analysis highlights why early retirees often have more resilience than they might initially believe. Read along with the original article(s) here: https://fitaxguy.com/the-four-backstops-to-the-four-percent-rule/ Quotes to ponder: "An additional year of work for Chuck at a $130,000 salary netted Chuck only $557 more in annual Social Security benefits at full retirement age!" "Real estate can serve as a natural backstop to help ensure retirees have financial security and success." "Failure requires that he has to both run out of assets and live long enough to run out of assets." Episode references: Camp FI: https://campfi.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 3300: Sean Mullaney highlights why the Four Percent Rule may not be as rigid as many fear, pointing to natural backstops like flexible spending and Social Security that help safeguard retirement plans. He shows how early retirees often adjust their lifestyles and eventually benefit from guaranteed income streams, making the 4% Rule more resilient than it first appears. Read along with the original article(s) here: https://fitaxguy.com/the-four-backstops-to-the-four-percent-rule/ Quotes to ponder: "Spending in retirement can be adjusted." "There is a natural reduction in energy and interest in certain kinds of spending as one ages." "If her portfolio is struggling to produce the amount Melinda needs to live off of, Social Security payments provide a backstop and can help make up the difference." Episode references: Earn and Invest Podcast: https://earnandinvest.com/ BiggerPockets Money Podcast: https://www.biggerpockets.com/podcasts/money Portfolio Visualizer: https://www.portfoliovisualizer.com/ New Retirement: https://www.newretirement.com/ The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 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 3299: Paula Pant explores practical ways to manage the crushing weight of overwork and overwhelm, offering strategies to regain focus, energy, and a sense of control. By shifting perspective, setting boundaries, and rethinking how we use our time, she highlights how to move from exhaustion to intentional living. Read along with the original article(s) here: https://affordanything.com/how-to-handle-feeling-overworked-overwhelmed/ Quotes to ponder: "When you feel overwhelmed, everything seems urgent and important." "Overwork isn't just about the number of hours you spend, but about the mental load you carry." "The more you try to push through exhaustion, the less productive and creative you become." Episode references: Getting Things Done: The Art of Stress-Free Productivity: https://www.amazon.com/Getting-Things-Done-Stress-Free-Productivity/dp/0142000280 Essentialism: The Disciplined Pursuit of Less: https://www.amazon.com/Essentialism-Disciplined-Pursuit-Greg-McKeown/dp/0804137382 The One Thing: The Surprisingly Simple Truth About Extraordinary Results: https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776 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 3298: Nick Maggiulli highlights how the dating market, unlike traditional money-based exchanges, is one of the most influential forces shaping our long-term happiness. He argues that choosing the right partner is the most important decision of our lives, far outweighing financial costs, and urges us to invest time and effort into relationships with the seriousness they deserve. Read along with the original article(s) here: https://ofdollarsanddata.com/the-most-important-decision-in-life/ Quotes to ponder: "These kinds of markets are called matching markets and they will have a bigger impact on your long-term happiness than any traditional market ever will." "So how can you complain that 'dating is expensive' or 'time-consuming' when it's literally one of the best trades you can make in your life?" "Some of the best investments in life don't have a ticker symbol. They can't be found in the Wall Street Journal. They aren't something that can be bought or sold." Episode references: The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 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 3297: Daniella breaks down the key differences between banks and credit unions, highlighting how each serves customers differently in terms of fees, interest rates, accessibility, and customer service. By weighing the pros and cons, she helps you decide which type of financial institution aligns best with your lifestyle, whether you value personal connection, convenience, or digital tools. Read along with the original article(s) here: https://iliketodabble.com/credit-unions-vs-banks/ Quotes to ponder: “The biggest difference between a bank and a credit union is that banks are for-profit institutions and credit unions are not-for-profit institutions.” “You'll definitely get more bang for your buck when you choose a credit union.” “If you like checking your balance online or transferring money from your phone, a bank might be a better option than a credit union.” Episode references: FDIC: https://www.fdic.gov NCUA: https://ncua.gov Credit Union National Association: https://www.cuna.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 3296: Christine Luken highlights four essential financial assets that anyone can build, regardless of their bank balance: a strong credit score, a high income, a growing net worth, and most importantly, a high financial IQ. By focusing on these areas, you can create lasting security, resilience, and wealth no matter what financial storms come your way. Read along with the original article(s) here: https://www.christineluken.com/the-four-best-financial-assets/ Quotes to ponder: "People with low credit scores are saddled with higher interest rates than those with high credit scores." "A high income is only an asset if you don't spend it all." "Knowledge is power, but applied knowledge is like a magical super power!" Episode references: Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 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 3295: Jaime reflects on a year-long experiment of buying nothing new and the unexpected lessons it revealed about habits, discipline, and intentional spending. While the challenge wasn't perfect, it led to a 40% reduction in new purchases and highlighted the value of patience, creativity, and starting small when making lifestyle changes. Read along with the original article(s) here: https://www.keepthrifty.com/buy-nothing-new-challenge/ Quotes to ponder: "Our buy nothing new challenge is supposed to help us be more intentional with our spending. I want you to know that I very intentionally bought this dress!" "Buying stuff in the second half of the year felt like binging on food after a miserable diet." "When taking on a new challenge, start small (a full year is a long time, a three month challenge would have been a better first step)." 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 3294: Jacob Lund Fisker critiques the traditional middle-class career path as a costly distraction from true self-actualization, arguing that blindly pursuing job titles and material rewards can rob us of a more meaningful life. He challenges listeners to reimagine work and productivity, suggesting that even a few years of strategic earning can unlock a life driven by curiosity, creativity, and personal growth. Read along with the original article(s) here: http://earlyretirementextreme.com/how-to-avoid-career-opportunity-costs.html Quotes to ponder: "People who work regular jobs, it is very hard to feel a sense of meaning of the work one does, unless you really believe in the 'vision'." "There is an easy alternative, which involves working for 5 years and then saying: No, stop. It is not the standard I measure myself by." "Productivity is but a fetish that whoever feeds off of the middle class have invented for their benefit." 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 3293: Julien Saunders explains how mastering basic knife skills can significantly cut grocery costs by avoiding the hefty markups on pre-cut produce and convenience foods. With a good chef's knife and some practice, you can save time, improve your cooking confidence, and keep more money in your pocket while preparing healthier meals at home. Read along with the original article(s) here: https://richandregular.com/how-basic-knife-skills-can-save-you-money/ Quotes to ponder: “The quartered watermelon is 79% more expensive because someone had to go through the ‘hassle' of cutting it and wrapping it in plastic.” “Believe it or not, dull knives are more dangerous than sharp knives.” 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 3292: Chelsea illustrates how even investing at the peak of the Great Recession would have yielded strong long-term gains, especially with dividends reinvested. By showing historical data from past downturns, she highlights that discipline, patience, and consistency in the stock market can transform even the worst-timed investments into substantial wealth. Read along with the original article(s) here: https://smartmoneymamas.com/investing-in-peak-markets/ Quotes to ponder: “In only 1 out of the past 10 recessions, starting in 1948, would you have seen your $10,000 investment lose money over a 10-year period, and only then if you had chosen not to reinvest the dividends.” “The sooner you get your money invested in the market, the more wealth you'll have in the future. Your money works for you, don't let it sit idle!” Episode references: National Bureau of Economic Research: https://www.nber.org Bureau of Economic Analysis: https://www.bea.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 3291: Chelsea explains why waiting for the “perfect time” to invest is a losing strategy, showing how sitting on cash often results in missed growth and declining value due to inflation. By highlighting the benefits of dollar-cost averaging, lump-sum investing, and the market's long-term upward trajectory, she makes a strong case for staying disciplined and avoiding fear-based financial decisions. Read along with the original article(s) here: https://smartmoneymamas.com/investing-in-peak-markets/ Quotes to ponder: "Timing the market is just as hard as picking stocks, but that is exactly what you're doing if you are holding onto cash and waiting for a market downturn." "Every day your money sits in cash, you are losing value." "The long-term trajectory of the market is up. The more time your money is in the market, the better you do." 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 3290: Ross Enamait explains how to build an effective home gym without overspending, emphasizing creativity, practicality, and functional training over expensive equipment. His guidance helps readers focus on essential tools and smart solutions, making fitness accessible no matter the budget or space available. Read along with the original article(s) here: http://rosstraining.com/blog/2014/01/29/creating-a-home-gym/ Quotes to ponder: "You don't need to spend thousands of dollars to create an environment that is suitable for quality training." "Think practicality and function, not fancy equipment that you don't need." "Sometimes the best training tools are not found inside a catalog." 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 3289: Dawn Dahlby reminds us that building a truly fulfilling life requires growing both our financial wealth and our sense of self-worth. By creating intentional plans, staying accountable, and tracking progress, we can align our daily habits with our deeper values and move toward a life of balance, security, and purpose. Read along with the original article(s) here: https://dawndahlby.com/wellthy-living/ & https://dawndahlby.com/accountability-is-the-key-to-financial-success/ Quotes to ponder: “True change toward something greater involves an internal transformation before we can experience an external one.” “Creating a rhythm and habit of keeping ourselves accountable and allowing others to hold us accountable can truly allow us to thrive and create the life we desire.” 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 3288: Mr. Finer shares the lessons he learned from his investment journey with Amazon, showing how patience, research, and long-term conviction can outweigh expert opinions and short-term fears. His reflections highlight the value of backing visionary leaders, resisting the urge to sell too early, and recognizing the role of luck in investment success. Read along with the original article(s) here: https://mrfiner.com/5-lessons-i-learned-from-my-investment-in-amazon-stock/ Quotes to ponder: "Exceptional companies always seem overpriced. However, these are the companies that generate exceptional returns!" "There is no substitute for doing your own research. Knowing why I am investing in a company lets me ignore the so-called experts." "I think the biggest gains are made by not selling." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 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 3287: Michelle Schroeder-Gardner explains why relying solely on credit cards for emergencies can be a risky financial strategy. She highlights how an emergency savings fund provides security, reduces stress, and protects against debt traps, offering peace of mind no matter what life throws your way. Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/09/credit-cards-for-your-emergency-savings-fund-amount.html Quotes to ponder: "Even if you can only manage $500 to $1,000 right now, that is better than nothing." "My problem with using credit cards as your sole source for an emergency fund is that it may lead to more debt in some situations." "You never know if something may come up, how big the expense may be, and whether or not you will have enough credit to fund the expense." 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 3286: Kathleen Coxwell explores why even millionaires struggle with retirement security, revealing that a seven-figure nest egg often isn't enough to sustain long-term quality of life. She outlines practical strategies, like extending work years, budgeting smarter, leveraging home equity, and optimizing income, that apply to both wealthy and average savers facing the same retirement anxieties. Read along with the original article(s) here: https://www.newretirement.com/retirement/i-have-1-million-and-i-still-cant-afford-to-retire/ Quotes to ponder: “One million dollars today is literally not what it used to be.” “Reducing your future spending can dramatically improve your financial security in retirement.” Episode references: The Shockingly Simple Math Behind Early Retirement: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ 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 3285: Jeff Rose outlines why life insurance can be a smart move for young adults, even those without dependents. With low premiums and future-proofing benefits, early coverage can protect your loved ones from financial burdens and lock in cheaper rates before age or health changes make it more costly. Read along with the original article(s) here: https://www.goodfinancialcents.com/life-insurance-for-young-adults/ Quotes to ponder: "Life insurance is very inexpensive, and even if you took out a small $50,000 to $100,000 policy, you would be paying less than 2 value meals at McDonald's a month for coverage." "If you want to save money on your monthly premiums, spend a couple months improving your health." "The younger you are, the lower your costs are going to be in paying for your life insurance." Episode references: Payable on Death (POD) Account Explanation: https://www.investopedia.com/terms/p/payableondeath.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 3284: Jackie Beck reminds us that the feeling of “I'll never get out of debt” is normal at different stages of the journey, but it doesn't mean freedom is out of reach. By narrowing your focus to the very next step, celebrating progress, and refusing to get stuck on the big picture, you can steadily build momentum and eventually cross the finish line debt-free. Read along with the original article(s) here: https://www.jackiebeck.com/im-never-gonna-get-this-paid-off/ Quotes to ponder: "Chances are a solid plan is exactly what you need to turn that feeling of despair into success." "Sometimes the best thing you can do when paying off debt is to focus on something other than your debt." "Don't look at the big picture, unless you're looking back at how far you've come." 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 3283: Jana draws parallels between The Oregon Trail and real-life money management, showing how every choice with our finances impacts long-term outcomes. By blending nostalgia with practical advice, she highlights the importance of preparation, balance, and smart decision-making to successfully reach financial goals. Read along with the original article(s) here: http://www.budgetsaresexy.com/oregon-trail-guide-to-personal-finance-what-happens-next/ Quotes to ponder: "You could spend $200 for 200 pounds of food at Matt's General Store, or you could buy fewer pounds and stretch your resources further." "One wrong move could mean death, or at least a very unpleasant journey." "In the end, the goal was to survive long enough to make it to Oregon, hopefully with your whole family intact." Episode references: The Oregon Trail Game Online: https://classicreload.com/oregon-trail.html 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 3282: Cylon George shows that lasting confidence comes from embracing your true self rather than chasing external approval. By nurturing unconditional confidence, you can free yourself from self-doubt, trust your inner wisdom, and live with greater authenticity and courage. Read along with the original article(s) here: https://www.spirituallivingforbusypeople.com/cultivate-unconditional-confidence Quotes to ponder: "Unconditional confidence is not based on achievement, appearance, or approval from others." "True confidence arises when we stop trying to be something we are not and start trusting who we already are." "When you no longer depend on external validation, you become free to express yourself authentically." Learn more about your ad choices. Visit megaphone.fm/adchoices