Optimal Finance Daily - Financial Independence and Money Advice

Featuring 2 posts today: why minimalism doesn't ruin the economy and red flags for your finances. Episode 26: Stimulate the Economy Like a Minimalist & 11 Signs You Might Be Broke by Joshua Fields Millburn & Ryan Nicodemus. Joshua Fields Millburn & Ryan Nicodemus write about living a meaningful life with less stuff for 4 million readers. As featured on: ABC, CBS, NBC, BBC, TODAY, NPR, TIME, Forbes...

J. Money of BudgetsAreSexy.com poses an interesting question that will make you rethink your finances. Episode 25: Would You Rather... Cash vs. Debt Edition by J. Money of Budgets Are Sexy. 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 also has a podcast: M.O.N.E.Y. He tracked his expe...

Great ideas by Leo Babauta of Zen Habits on how to create a budget very easily. Episode 24: Simple Budgeting for Lazy People by Leo Babauta of ZenHabits.net. Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It’s about clearing the clutter so we can focus on what’s important, create something amazing, find happiness. The original pos...

Is it worth it to sell your car for one with better gas mileage? Mr. Money Mustache has a strong opinion! Episode 23: It's Never Too Late to Ditch Your Gas Guzzler 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...

It's always interesting to hear when people take pride in not knowing a subject. Hear Jacob's take on it. Episode 22: Taking Back Personal Financial Responsibility by Jacob Lund Fisker of Early Retirement Extreme. Jacob Lund Fisker was a nuclear astrophysicist who retired at 33 with what he believes to be enough savings to last the rest of his life — even if he never works again. His "claim to fam...

There are better ways to earn more money. Getting a raise is one of them, and it's not as hard as it seems. Episode 21: Case Study: How 1 of My Students Negotiated $20k & Quintupled His Shares Using a Dream Job Technique by Ramit Sethi. 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 psycholog...

Sometimes you have to give a little to get a lot. Listen to Steve Pavlina's perspective on getting customers and clients. Episode 20: Working For Free by Steve Pavlina. Steve Pavlina is widely recognized as one of the most successful personal development bloggers on the Internet, with his work attracting more than 100 million visits to his website, StevePavlina.com. He has written more than 1300 a...

Take back control of your life with a simple, three-category list. Joshua Fields Millburn & Ryan Nicodemus share a system to embrace minimalism in a simple, yet difficult, way. Episode 19: Need, Want, Like by Joshua Fields Millburn & Ryan Nicodemus of The Minimalists. Joshua Fields Millburn & Ryan Nicodemus write about living a meaningful life with less stuff for 4 million readers. As featured on:...

No matter where you are in your financial journey, you need to accept where you are. Take a listen to Cait's perspective! Episode 18: Why You Must Make Peace with Your Financial Situation by Cait Flanders of Blonde on a Budget. Cait Flanders started Blonde on a Budget to document her debt repayment journey. After paying it off, she adopted a minimalist lifestyle, tossed 75% of her stuff, and is cu...

Here are some ideas for living without credit cards or debt. Episode 17: 10 Ideas for Living Without Credit or Debt by Leo Babauta of Zen Habits. Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It’s about clearing the clutter so we can focus on what’s important, create something amazing, find happiness. The original post is located...

Mr. Money Mustache makes money while on vacation. Episode 16: Making Money While Taking Vacations 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 various locations throughou...

What do you think about paying $10,000 for one night in a hotel room? This post might make you think differently... Episode 15: The Abundance Mindset by Steve Pavlina. Steve Pavlina is widely recognized as one of the most successful personal development bloggers on the Internet, with his work attracting more than 100 million visits to his website, StevePavlina.com. He has written more than 1300 ar...

Joshua Fields Millburn of The Minimalists went from a six figure salary to significantly less and couldn't be happier. Hear his story about the change and what it feels like to no longer worry about money. Episode 14: What It Feels Like to No Longer Worry About Money by Joshua Fields Millburn of The Minimalists. Joshua Fields Millburn & Ryan Nicodemus write about living a meaningful life with less...

Cait Flanders managed to pay off $30,000 in debt, but also made some mistakes along the way. Hear her story! Episode 13: How I Paid Off $30,000 of Debt in Two Years by Cait Flanders of Blonde on a Budget. Cait Flanders started Blonde on a Budget to document her debt repayment journey. After paying it off, she adopted a minimalist lifestyle, tossed 75% of her stuff, and is currently doing a two-yea...

Here are some money lessons for college students, parents of college students, or anyone, really, to prevent yourself from going into debt. Episode 12: 6 Money Lessons for My College-Aged Daughter by Leo Babauta of Zen Habits. Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It’s about clearing the clutter so we can focus on what’s...

How MMM retired at age 30 and how you can, too! In this episode, learn about Mr. Money Mustache's upbringing and what led him down the path to early retirement. Episode 11: Mr. Money Mustache's Own Story 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 com...

Checking your credit score can save you hundreds of thousands of dollars long-term. Learn why and how to check it and fix it. Episode 10: Check Your Credit Score: The Most-Ignored Big Win 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...

In today's reading, you'll hear some great ideas to make massive savings every year. Episode 9: 8 Ways to Make Huge Savings in Your Budget by Leo Babauta of Zen Habits. Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It’s about clearing the clutter so we can focus on what’s important, create something amazing, find happiness. The o...

See retirement in a new light from the guy who retired at age 30. In this episode, hear a couple of scenarios and see how you can pull it off. Episode 8: First Retire, Then Get Rich 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 Canad...

A great post showing 4 common money mistakes and what you should do instead. Episode 7: 4 Dumb Money Mistakes 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 on what actually works. Not just for personal finance, but all aspect...

A step-by-step program to eliminate debt that is remarkably similar to a diet plan. Episode 6: Fiscal Fitness: Eliminate Debt with 10 Successful Diet Principles by Leo Babauta of Zen Habits. Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It’s about clearing the clutter so we can focus on what’s important, create something amazing,...

Should you rent or buy? This post helps you answer the question. Episode 5: Rent vs. Buy: If You Have to Ask, You Should Probably Rent 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 cubicl...

How you can afford your dream vacation in the next 3 months. Episode 4: The Surprising Math of a Dream Vacation with Examples 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 on what actually works. Not just for personal finance...

Do you already have enough? Episode 3: Key Question: How Much is Enough by Leo Babauta of Zen Habits. Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It’s about clearing the clutter so we can focus on what’s important, create something amazing, find happiness. The original post is located here: http://zenhabits.net/key-question-how...

Where are you in the financial tide? Episode 2: Which Part of the Money Wave Do You Surf 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 various locations throughout the lat...