Optimal Finance Daily - Financial Independence and Money Advice

Vitaliy Katsenelson of Contrarian Edge shares why you need to stop staring at your portfolio to be a better investor. Episode 901: Want to Be a Better Investor? Stop Staring at Your Portfolio by Vitaliy Katsenelson of Contrarian Edge Vitaliy Katsenelson is the CEO and Chief Investment Officer at Investment Management Associates. He has written two books on investing, which were published by John W...

JD Roth of Get Rich Slowly shares what it means to be rich and the difference between income and wealth. Episode 900: What It Means To Be Rich: The Difference Between Income and Wealth by J.D. Roth of Get Rich Slowly on Finances 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...

Alexa Mason with The College Investor shares how to create your own financial plan.  Episode 899: How to Create Your Own Financial Plan by Alexa Mason with The College Investor on Personal Finance Strategy 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 smart choices abo...

The Finance Twins share why money can't buy happiness. Episode 898: Money Can't Buy Happiness by The Finance Twins on The Important Things In Life 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, we realized so many people are looking f...

Phil Town of Rule One Investing shares 6 red flags of a bad CEO to watch out for when investing in a stock. Episode 897: Watch Out for These 6 Red Flags of a Bad CEO When Investing in a Stock by Phil Town of Rule One Investing 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 i...

Helene Massicotte of Free To Pursue shares what flying a glider and personal finance have in common. Episode 896: What Do Flying a Glider & Personal Finance Have In Common? Everything by Helene Massicotte of Free To Pursue Helene Massicotte blogs about living life on your terms and experiencing true personal freedom. She describes herself as a person in search of all that life has to offer and who...

Mike Ballew of Eggstack shares the 5 worst ways to withdraw retirement savings. Episode 895: 5 Worst Ways to Withdraw Retirement Savings by Mike Ballew of Egg Stack on Retiree Spending Plans 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 determ...

Stephanie Halligan with Budgets Are Sexy shares why interest rates don't matter.  Episode 894: Your Debt-Free ROI: Why Interest Rates Don't Matter by Stephanie Halligan with Budgets Are Sexy on Student Loans 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 for 3 mont...

Mr. Money Mustache shares grim comedy from his junkmail. Episode 893: Grim Comedy from Mr. Money Mustache's Junkmail by Mr. Money Mustache on Frugality & Smart Spending Decisions 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 computer science in Canada, then worked in standard...

Philip Taylor of PT Money shares how to pay for college if you started saving too late. Episode 892: How to Pay for College if You Started Saving Too Late by Philip Taylor of PT Money on Education Expenses 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 was started...

Craig Stephens of Retire Before Dad shares the way he wants to go. Episode 891: That's The Way I Want To Go by Craig Stephens of Retire Before Dad on Retirement Lifestyle & Happiness 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 year before his Dad retired. H...

Nick True of Mapped Out Money shares how him and his wife think about spending. Episode 890: Man vs. Wife: How We Think About Spending by Nick True of Mapped Out Money on Frugality & Financial Decisions 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. Mappe...

Sam of Financial Samurai shares why the average new car price is unbelievably high. Episode 889: The Average New Car Price Is Unbelievably High by Sam of Financial Samurai on Depreciating Auto Values 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 site to help himself and others make sense of chaos. After a...

Kelley Long with Financial Finesse shares how much you really need in your emergency fund. Episode 888: How Much Do You Really Need In Your Emergency Fund? by Kelley Long with Financial Finesse on Rainy Day Money 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. Sh...

Grumpus Maximus shares his thoughts on financial planning. Episode 887: Financial Planning (Part 1): Time and Planning by Grumpus Maximus on Financial Independence Plans Grumpus Maximus is a 40 something US military officer with 19 years of active duty service under my belt. He's spent over four years of that career either deployed or stationed in the Middle East, and another three years stationed...

Darrow Kirkpatrick of Can I Retire Yet shares his thoughts on his first dip into principal. Episode 886: My First Dip Into Principal: Market Timing or Cash Management? by Darrow Kirkpatrick of Can I Retire Yet 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 independ...

2 short posts from The Mad Fientist where he shares his thoughts on front-loading and the benefits of keeping your finances separate. Episode 885: Front-Loading AND The Benefits of Keeping Your Finances Separate by The Mad Fientist on Tax Optimization The Mad Fientist analyzes the tax code and looks at personal finance through the lens of early financial independence to develop strategies and tact...

JL Collins of JLCollinsNH.com shares his thoughts on target retirement funds. Episode 884: Stocks - Part XV: Target Retirement Funds, The Simplest Path To Wealth Of All by JL Collins on 401k Choices Mr. Collins is a senior executive with extensive P&L experience and a proven track record of growing revenue and profitability, integrating acquisitions, launching new products, developing and implemen...

ESI of ESI Money shares why he invests with index funds. Episode 883: Why I Invest with Index Funds by ESI of ESI Money on Smart & Easy Investing Strategies 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 doing t...

Ira Israel shares his thoughts on mindful money. Episode 882: Mindful Money by Ira Israel on The Psychology of Money & Financial Wellbeing Since 2011, Ira Israel has been working in private practice as a Licensed Professional Clinical Counselor (LPCC #31) and Licensed Marriage and Family Therapist (LMFT #50646), teaching sold-out transformational workshops, producing a series of best-selling mindf...

James Altucher shares why he shouldn't want to be liked so much. Episode 881: I Shouldn't Want to Be Liked So Much by James Altucher on Financial Choice & Cost of Attending College James Altucher is an American hedge fund manager, entrepreneur, bestselling author, and podcaster. He has founded or cofounded more than 20 companies and says he failed at 17 of them. He has published 11 books, and is a...

Will Crosswell with Get Rich Slowly shares the value of human capital. Episode 880: The Value of Human Capital by Will Crosswell with Get Rich Slowly on Improving Net Worth & Self Worth 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 started turni...

Chris Reining shares why maxing out your 401k could be bad. Episode 879: Maxing Out Your 401k Could Be Bad by Chris Reining on Early Retirement & Financial Independence Chris Reining is a thirty-something guy who provides resources to help manage your money and career to become financially free. His own path to financial freedom has had ups and downs, which is what he writes about on his site. He'...

Robert Farrington of The College Investor shares 7 alternatives to owning a car that might be better for you. Episode 878: 7 Alternatives to Owning a Car That Might Be Better for You by Robert Farrington of The College Investor 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...

The Finance Twins share 3 ways to trick your brain into making important financial decisions. Episode 877: 3 Ways To Trick Your Brain Into Making Important Financial Decisions by The Finance Twins on Money Psychology 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 c...