Optimal Finance Daily - Financial Independence and Money Advice

Michelle Schroeder-Gardner shares the difference between wants and needs and why it's important. Episode 376: You Don't Need Everything - Do You Know the Difference Between Wants & Needs from Making Sense of Cents (Spending). 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 month...

Chris Reining shares one sentence that sums up how to reach financial independence. Episode 375: The Secret to Financial Independence in One Sentence by Chris Reining (Financial Freedom). 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 abo...

Sam of Financial Samurai shares 5 reasons why the rich tend to hoard so much cash. Episode 374: Why Do the Rich Hoard So Much Cash by Sam Dogen of Financial Samurai (FIRE & Investing Success). 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 all, he...

Mr. Money Mustache explains why another recession is likely coming soon and what to do about it. Episode 373: Great News: There's Another Recession Coming - Mr. Money Mustache (Portfolio Investing). 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, the...

Kristin Wong shares how she budgets with a variable income. Episode 372: How I Budget with a Variable Income by Kristin Wong of The Wild Wong (Self Employed Income). Kristin Wong is a freelance writer and journalist who writes for Lifehacker, Mentalfloss, and New York Magazine. She frequently covers travel, personal finance, and human behavior. Kristin launched her own blog, www.thewildwong.com, t...

2 posts from Joshua Becker of Becoming Minimalist, talking about minimalism and money. Episode 371: All The Things I Want to Say About Money But Never Do And Own Higher Quality Things from Becoming Minimalist. Joshua Becker and his family decided to live with fewer possessions after a conversation with his neighbor in 2008. As a result, they found a better way to live, centered on more important p...

J. Money of Budgets Are Sexy shares what stealth wealth is and if you should take it into consideration. Episode 370: What Stealth Wealth Are You Hiding by J. Money of Budgets Are Sexy (Financial Advice). 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 months,...

Guest author David Walker on Money Mini Blog shares 9 fuel-saving tips and 5 myths about cars. Episode 369: 9 Fuel-Saving Tips to Save You Money Each Month (And 5 Myths) by David Walker with Money Mini Blog (FIRE). 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 w...

Ramit Sethi of I Will Teach You To Be Rich shares a few strategies he uses to save over $25,000 a year. Episode 368: Tip #30: How I'm Saving $25,000+ by Ramit Sethi of I Will Teach You to be Rich (Retire Early). 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 just for personal finance, but all a...

Guest author Doug Nordman with Money Boss shares how he was able to achieve financial independence in the U.S. Navy. Episode 367: I Achieved Financial Independence in the U.S. Navy by Doug Nordman with Money Boss (Personal Finance Habits). 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...

Michelle Schroeder-Gardner shares her opinion on the cost of cable or satellite TV, plus alternatives. Episode 366: Is Cable or Satellite TV Worth It? Costs and Other Alternatives by Michelle Schroeder-Gardner of Making Sense of Cents. 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...

Philip Taylor shares his experience buying his first home. Plus an update 10 years later! Episode 365: How to Buy a Home for the First Time (Our Positive Experience) by Philip Taylor of PT Money (Investing Habits). 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 wa...

Chris Reining shares how we can use history to make the right investment decisions. Episode 364: Using History Lessons to Create Wealth by Chris Reining (Personal Finance Advice). 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 hi...

Sam of Financial Samurai shares ideas on how to create multi-generational financial security. Episode 363: How to Create Multi-Generational Financial Security by Sam Dogen of Financial Samurai (Transferring Wealth). 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 o...

Mr. Money Mustache shares how not to use your air conditioning this summer. Episode 362: How Not to Use Your Air Conditioning by Mr. Money Mustache. 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 tech-industry cubicle jobs in...

Joshua Becker of Becoming Minimalist shares 8 ways minimalism helps put money in your pocket, plus a bonus post. Episode 361: 8 Ways Minimalism Helps Put Money in Your Pocket And Financially Support Other Causes by Joshua Becker (Minimalist). Joshua Becker and his family decided to live with fewer possessions after a conversation with his neighbor in 2008. As a result, they found a better way to l...

J. Money of Budgets Are Sexy shares some takeaways from Joshua Becker's book: The More of Less. Episode 360: Maybe the Life You've Always Wanted is Buried Under Everything You Own by J. Money of Budgets Are Sexy (Minimalism). 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 ex...

Guest author Kostas Chiotis on Money Mini Blog shares common characteristics of debt-free people. Episode 359: 5 Common Characteristics of Debt-Free People by Kostas Chiotis with Money Mini Blog (Millionaires). 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 wealt...

Ramit Sethi of I Will Teach You To Be Rich shares 2 cool money tricks that are easy to understand. Episode 358: 2 Cool Money Tricks: Hourly to Salary Calculator and the Rule of 72 by Ramit Sethi of I Will Teach You to be Rich. Instead of saying “no” to spending on everything, 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...

J.D. Roth shares the key to financial freedom. Episode 357: The Key to Financial Freedom by J.D. Roth of Money Boss (Finincial Independence Retire Early). 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 turning everything around in 2004. B...

Michelle Schroeder-Gardner shares what she learned by donating and giving away nearly all of her stuff. Episode 356: What I Learned By Donating & Giving Away Nearly All of My Stuff - Making Sense of Cents (Financial Freedom). 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 month...

Chris Reining interviews Morgan Housel, former columnist at The Wall Street Journal and Motley Fool, who’s now partner at The Collaborative Fund. Episode 355: Morgan Housel on What You Need to Know to Be a Successful Investor by Chris Reining (Personal Finance Expert Interview). Chris Reining is a thirty-something guy who provides resources to help manage your money and career to become financiall...

Sam of Financial Samurai shares the one factor that has contributed the most towards his financial independence. This is Part 2 of 2. Episode 354: The One Ingredient Necessary for Achieving Financial Independence - Part 2 by Sam of Financial Samurai (FIRE). 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 si...

Sam of Financial Samurai shares the one factor that has contributed the most towards his financial independence. This is Part 1 of 2. Episode 353: The One Ingredient Necessary for Achieving Financial Independence - Part 1 by Sam of Financial Samurai (FIRE). 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 si...

Philip Taylor shares how you can become your own financial expert - no degree required! Episode 352: The Secret to Becoming Your Own Financial Expert by Philip of PT Money (Personal Finance Habits). 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 by Phi...