Optimal Finance Daily - Financial Independence and Money Advice

Jen Hayes shares 3 bizarre ways to save over $2,000 per year. Episode 1151: 3 Bizarre Ways to Save Over $2,000/Year by Jen Hayes on Frugality Tips & How to Pay Off Student Loans Quickly A few years ago, Jen and her husband were buried in $117,000 of student loan debt. Now, they've paid off over $100k of debt, and they're on track to have the rest paid off by the end of this year. Join their email...

2 short posts from Sam of Financial Samurai on why people spend more than they earn and sometimes saving money is about principle. Episode 1150: Why Do People Spend More Than They Earn? AND Sometimes Saving Money Is About Principle by Sam of Financial Samurai Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance...

Vekevia Tillman-Jones with Financial Finesse shares the pros and cons of paying PMI. Episode 1149: The Pros and Cons Of Paying PMI by Vekevia Tillman-Jones with Financial Finesse on Home Mortgage Insurance After years in the financial services industry, Liz Davidson became disgusted with how many people were being sold financial products and services that were not in their best interest. She decid...

ESI of ESI Money shares an investment gone bad. Episode 1148: An Investment Gone Bad by ESI of ESI Money on How To Lose Money in Real Estate Buying Vacant Land ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doin...

Darrow Kirkpatrick of Can I Retire Yet shares three wildcards for boomer retirement. Episode 1147: Three Wildcards for Boomer Retirement by Darrow Kirkpatrick of Can I Retire Yet on Safe Withdrawal Rates Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by...

Lance Cothern with Budgets Are Sexy shares why he took out a car loan instead of paying cash. Episode 1146: Why I Took Out a Car Loan Instead of Paying Cash by Lance Cothern with Budgets Are Sexy on Low Auto Loan Rates J. Money is a 6’1, hyperactive, rock a ‘hawk who loves drinking beer, blaring hip-hop, talking about money, and now playing with his two adorable baby boys. He tracked his expenses...

Chris Reining shares where to invest after maxing out retirement accounts. Episode 1145: Where Do I Invest After Maxing Out Retirement Accounts? by Chris Reining on Investment Strategies to Retire Early Chris Reining is an investor, writer, and avid student of life. He shares how to build wealth and reach financial freedom on his website ChrisReining.com. The original post is located here: https:/...

2 short posts from Al of FA Confessions shares where he shares his thoughts on preventing the big mistakes and the root of all evil. Episode 1144: Prevent The Big Mistakes AND The Root of All Evil by Al of FA Confessions on Personal Finance Advice Al of FA Confessions is a father, drummer/musician, self-proclaimed amateur philosopher, avid health enthusiast, and daily podcast and audible listener....

Ramit Sethi of I Will Teach You to be Rich shares how to rebuild your credit using credit cards wisely. This is part 2 of 2. Episode 1143: [Part 2] How to Rebuild your Credit (using credit cards WISELY) by Ramit Sethi of I Will Teach You To Be Rich Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not...

Ramit Sethi of I Will Teach You to be Rich shares how to rebuild your credit using credit cards wisely. This is part 1 of 2. Episode 1142: [Part 1] How to Rebuild your Credit (using credit cards WISELY) by Ramit Sethi of I Will Teach You To Be Rich Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not...

J.D. Roth with Get Rich Slowly shares his thoughts on finanicial resilience. Episode 1141: In Praise of Financial Resilience by J.D. Roth of Get Rich Slowly on Taking Charge of Your Personal Economy J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He...

Michaela Newey with The Good Life Manifesto on no spend days. Episode 1140: No Spend Days by Michaela Newey with The Good Life Manifesto on Spending Challenges & Frugality Games Ludovic is the visionary and founder of The Good Life Manifesto. The Manifesto has been created over his life so far, from a very early age. Influenced by his life experiences and growing up with the advice of his very mon...

Kumiko of The Budget Mom shares how to budget when you are a spender. Episode 1139: How to Budget When You Are a Spender by Kumiko of The Budget Mom on Smart Money Decisions Kumiko went from having a pile of credit card debt to becoming a successful budgeter and Accredited Financial Counselor. The Budget Mom exists to empower women to build a life they love on a budget they understand and can affo...

Alexa Mason with The College Investor shares how to make ends meet when you feel like giving up. Episode 1138: How to Make Ends Meet When You Feel Like Giving Up by Alexa Mason with The College Investor on Money Mindset Robert Farrington is a personal finance expert that focuses on helping millennials get out of student loan debt and start investing for their future. He also helps parents make sma...

Mike Ballew of Eggstack shares if home warranties are worth it. Episode 1137: Are Home Warranties Worth It? by Mike Ballew of EggStack on House Warranty & Insurance Decisions Mike Ballew is a 56-year-old engineer turned blogger who reached a point in life where he sees things more clearly than ever before. He faced financial challenges and overcame them through hard work and determination. His blo...

Dawn Starks of SimpleMoney shares her thoughts on saving money on college. Episode 1136: Saving Money on College by Dawn Starks of SimpleMoneyPro on Education Savings Plans & Alternative Schooling Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp and less scary is the...

Phil Town of Rule One Investing shares 3 common investing lies busted. Episode 1135: 3 Common Investing Lies Busted by Phil Town of Rule One Investing on How To Pick Stocks & Research the Market Phil Town's portfolio has been ranked No. 1 by the American Association for Individual Investors when it produced a 50% rate of return. He has a passion for investing that is hard to beat and he wants to s...

Craig Stephens of Retire Before Dad on being intoxicated by the romance of the unusual. Episode 1134: Intoxicated By The Romance Of The Unusual by Craig Stephens of Retire Before Dad on Alternative Income Streams Craig Stephens of Retire Before Dad is a 43-year-old IT professional, investor, and blogger based in the Washington, DC metro area. His primary financial goal is to retire at age 55, one...

Philip Taylor of PT Money shares his failed attempt to understand dollar cost averaging. Episode 1133: My Failed Attempt to Understand Dollar Cost Averaging by Philip Taylor of PT Money on Stock Market Investing Goals PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It...

Kalen Bruce of Money Mini Blog shares 5 simple steps to repair your credit score. Episode 1132: 5 Simple Steps to Repair Your Credit Score by Kalen Bruce of MoneyMiniBlog on How to Get Better Loan Rates Kalen Bruce is the founder of MoneyMiniBlog. His story is simple… he and his wife were $24,000 in debt and became a student of finances to get out. They are now debt-free and building wealth. Kalen...

Mr. Frugal Toque with Mr. Money Mustache shares his thoughts on getting rich conspicuous consumption. Episode 1131: Get Rich With: Conspicuous Consumption by Mr. Frugal Toque with Mr. Money Mustache on Frugality & Building Wealth Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure. He and his wife studied engineering and...

Jordann with Making Sense of Cents shares how to stay motivated with debt repayment. Episode 1130: How to Stay Motivated With Debt Repayment by Jordann with Making Sense of Cents on Personal Finance Inspiration Michelle Schroeder-Gardner created Making Sense of Cents in order to help improve her own finances. With diligence, she was able to pay off $38,000 in student debt in 7 months, kept track o...

Nick True of Mapped Out Money shares why personal finance is personal. This is part 2 of 2. Episode 1129: [Part 2] Personal Finance Is Personal: Why We Shouldn't Judge Others by Nick True of Mapped Out Money Nick True is the founder of Mapped Out Money, where he helps you get a grip on your finances and take hold of freedom. His goal is to help you save more, live more, reduce debt, and get free....

Nick True of Mapped Out Money shares why personal finance is personal. This is part 1 of 2. Episode 1128: [Part 1] Personal Finance Is Personal: Why We Shouldn't Judge Others by Nick True of Mapped Out Money Nick True is the founder of Mapped Out Money, where he helps you get a grip on your finances and take hold of freedom. His goal is to help you save more, live more, reduce debt, and get free....

The Finance Twins share the most important thing you can track. Episode 1127: Your Personal Savings Rate - The Most Important Thing You Can Track by The Finance Twins on Early Retirement Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks,...