Optimal Finance Daily - Financial Independence and Money Advice

Kalen Bruce of Money Mini Blog shares 5 personal finance myths that could ruin your retirement Episode 2150: 5 Personal Finance Myths That Could Ruin Your Retirement by Kalen Bruce 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 shares everything he...

Jen Hayes shares 7 money-saving techniques for couples Episode 2149: 7 Money Saving Techniques For Couples by Jen Hayes 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 list to get exclusive tips on how to save money, earn more, and li...

Nick Maggiulli talks about the triumph of logos Episode 2148: The Triumph of Logos by Nick Maggiulli The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to ti...

James Altucher shares how he overcame a fear of flying and changed his life in every way. Episode 2147: How I Overcame A Fear Of Flying And Changed My Life In Every Way by James Altucher 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, an...

Jana with Budgets Are Sexy shares the Oregon Trail guide to personal finance. Episode 2146: The Oregon Trail Guide to Personal Finance: What Happens Next? by Jana with 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 tracked his expenses for 3 months, made a budget, read...

Jackie Beck helps you stay motivated while paying off debt Episode 2145: 4 Remarkably Simple Ways to Stay Motivated While Paying Off Debt by Jackie Beck Jackie and her husband paid off over $147,000 in debt, including their house! She’s walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app ha...

Mike Ballew of Eggstack shares the case for and against umbrella insurance Episode 2144: The Case For and Against Umbrella Insurance by Mike Ballew 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 blog helps others navigate the...

Philip Taylor with PT Money talks about whether you should repair or replace your aging car. This is part 2 of 2. Episode 2143: [Part 2] Your Aging Car: Repair or Replace? By Philip Taylor 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 Philip Taylor...

Philip Taylor with PT Money talks about whether you should repair or replace your aging car. This is part 1 of 2. Episode 2142: [Part 1] Your Aging Car: Repair or Replace? By Philip Taylor 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 Philip Taylor...

J.D. Roth of Get Rich Slowly helps you cope with financial mistakes and setbacks Episode 2141: Don’t Panic! Coping With Financial Mistakes and Setbacks by JD Roth 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...

Christina Browning of Our Rich Journey tells you what to do before retiring abroad Episode 2140: Want to Retire Early Abroad? Do These 10 Things First by Christina Browning Amon and Christina are former federal government employees that focused on saving, making, and investing money so that they could grow enough wealth in their investments to never have to work again. And, guess what? They did it...

Lisa Merlo-Booth on finding yourself again or perhaps for the first time. Episode 2139: Finding Yourself Again (or Perhaps for the First Time) by Lisa Merlo-Booth Lisa Merlo-Booth is a straight-talking and highly effective relationship expert, speaker, and blogger. She has over twenty years of experience in the field of therapy and relationship coaching and a thriving private practice with a clien...

The Mad Fientist on specific identification of shares. Episode 2138: Specific Identification of Shares by The Mad Fientist The Mad Fientist analyzes the tax code and looks at personal finance through the lens of early financial independence to develop strategies and tactics to help you retire even earlier. Most personal finance advice is geared towards people retiring in their 60s or later and doe...

Rachel Vaughan with The Finance Twins talks about 5 ways college students can revitalize their finances Episode 2137: 5 Ways College Students Can Revitalize Their Finances by Rachel Vaughan 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 break...

Kumiko of The Budget Mom shares 6 reusable products that save her money Episode 2136: 6 Reusable Products That Save Me Money by Kumiko 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 afford. The original post is located here:...

Julien Saunders of Rich and Regular talks about the fallacy of homeownership Episode 2135: The Fallacy of Homeownership by Julien Saunders Julien and Kiersten started rich & REGULAR in 2017 after their stint in real estate investing led them to discover the F.I.R.E movement. At that point, they'd listened to their friends complain about doing everything right, and still not really "feeling" happy...

Shailesh Kumar of Good Financial Cents shares when you should use margin when investing Episode 2134: When Should You Use Margin When Investing? By Shailesh Kumar Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is re...

Kathleen Coxwell of NewRetirement shares why a Roth conversion or backdoor Roth IRA is a good idea right now Episode 2133: Why a Roth Conversion or Backdoor Roth IRA is a Good Idea Right Now by Kathleen Coxwell NewRetirement is a company that offers a comprehensive financial planning engine delivered via white label or API. NewRetirement delivers a combination of automated financial planning techn...

Joel of 5AM Joel talks about the downsides of owning real estate Episode 2132: The Downsides to Owning Out of State Rental Properties by Joel of 5AM Joel Joel is a 35-year old living in Los Angeles with his wife and their dog. He was born and raised in Australia and moved to the US when he was 22. About 4 years ago he started getting up every morning at 5am. It started as one of those 30 day chall...

Ross Enamait of Ross Training talks about creating a home gym Episode 2131: Creating A Home Gym by Ross Enamait Founded by Ross Enamait, RossTraining.com is dedicated to excellence and innovations in high performance conditioning, strength, and athletic development. His goal with the site is to provide a content-rich resource to assist with your development. As a long time trainer and boxing coach...

Mr. Finer shares two short posts covering why we shy away from investing and the current recession Episode 2130: 2 Reasons We Shy Away From Investing AND The Government Got the Recession it Wanted By Mr. Finer Mr. Finer is a normal salaried employee who achieved FI with no side hustle or other income sources. After spending a decade without any plan, he started pursuing FI in his 30s, and achieved...

Jeremy Jacobson of Go Curry Cracker talks about mortgages, home equity and retirement spending Episode 2129: Mortgages, Home Equity, and Retirement Spending by Jeremy Jacobson Winnie Tseng is from Taiwan and is the Go Curry Cracker resident photographer. After working in high tech, she found her real love making magic happen behind the camera and in the kitchen. Now she travels the world in search...

Helene Massicotte of Free To Pursue talks about a bank roll vs. being bank rolled Episode 2128: Bank Roll Vs. Bank Rolled by Helene Massicotte 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 has built a life that enables her to do just that. No more, no less. She chose...

Michelle Schroeder-Gardner of Making Sense of Cents talks about relying on credit cards for your emergency fund Episode 2127: Should You Rely On Credit Cards For Your Emergency Fund? By Michelle Schroeder-Gardner 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...

Ramit Sethi of I Will Teach You To Be Rich shares examples of big wins and why you need to focus on them. This is Part 2 of 2. Episode 2126: [Part 2] The Big Wins Manifesto by Ramit Sethi 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 aspects of life: money, c...