Optimal Finance Daily - Financial Independence and Money Advice

JL Collins of shares his thoughts on social security and when to take it. This is part 1 of 2. Episode 1800: [Part 1] Social Security: How Secure and When to Take It by JL Collins on Frugality & Investing 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 im...

Tracie, with Jackie Beck, talks about how you can come out stronger from bankruptcy and debt Episode 1799: Bankruptcy and Debt: You Can Come Out Stronger in the End by Tracie with Jackie Beck on How to Improve Finances 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 aw...

Stephen Popick with Get Rich Slowly discusses the time value of money Episode 1798: The Time Value of Money (or why 25 years of cable TV doesn't cost as much as you think) by Stephen Popick with GRS 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...

Liz of Frugalwoods shares why she ignores the stock market, and why you should do the same Episode 1797: Why We Ignore The Stock Market And You Should Too: Demystifying Personal Finance Part 4 by Liz of FrugalWoods The Frugalwoods are ex-urban, rookie homesteaders finding contentment (and a lot of chores) on 66 acres in rural central Vermont along with their two young daughters. They write about a...

Joel of 5AM Joel talks about accidental hard money lending Episode 1796: Accidental Hard Money Lending by Joel of 5AM Joel on Real Estate Investing & Alternative Investments 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 o...

Kevin of Financial Panther talks about how beneficial side hustles can be Episode 1795: Side Hustles Aren’t A Necessity - But They Can Change Your Life by Kevin of Financial Panther on Extra Income Kevin is an attorney, writer, gig economy expert, side hustler, and the blogger behind Financial Panther. He paid off 87,000 worth of student loans in just 2.5 years by choosing not to live like a big s...

Mr. 1500 of 1500 Days will figure out what he wants to be once he grows up Episode 1794: I’ll Figure Out What I Want To Be When I Grow Up by Mr. 1500 of 1500 Days on Career & Financial Flexibility Mr. 1500 is a family guy living in Colorado with his wife and two young children. He studied biology and chemistry in college, but somehow turned into a software developer. In 2013 at the age of 39, he s...

Simon Zhen of Financial Samurai helps you apply Sun Tzu's teachings about war to your battle against money Episode 1793: Sun Tzu’s Art of War Applied to Your Battle Against Debt by Simon Zhen with Financial Samurai on Money Matters 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 oth...

Chris Mamula of Can I Retire Yet shares the worst investment advice he's ever heard. Episode 1792: The Worst Investment Advice I Ever Heard-Everywhere by Chris Mamula of Can I Retire Yet on Saving for Retirement 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 indepe...

ESI of ESI Money tells you how to use the ESI scale to achieve financial independence Episode 1791: Working the ESI Scale to Financial Independence by ESI of ESI Money on Wealth Accumulation & Financial Planning 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 you...

Jessica Wang with Fiology reminds you that adapting to change is necessary for building a secure future Episode 1790: Adapt To Change and Secure Your Future by Jessica Wang with Fiology on How To Respond To Adversity Fiology is an educational resource designed to teach you about Financial Independence (FI). They have scoured the internet to find content from the best and brightest of the FI commun...

Mike Ballew of Egg Stack shares 4 things that can derail your retirement plans Episode 1789: Four Things That Can Derail Your Retirement Plans by Mike Ballew of EggStack on Financial Independence 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...

Chris Reining talks about the difference between retiring and doing nothing Episode 1788: Retiring Early Has Nothing to Do with Doing Nothing by Chris Reining on Financial Independence & Early Retirement 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 wh...

Fritz Gilbert rethinks the 4% rule. This is part 2 of 2. Episode 1787: [Part 2] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto Fritz Gilbert retired at age 55 after a 33-year career in the global aluminum industry. His award-winning blog, The Retirement Manifesto, is focused on helping people achieve a great retirement. The blog follows his journey from...

Fritz Gilbert rethinks the 4% rule. This is part 1 of 2. Episode 1786: [Part 1] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto Fritz Gilbert retired at age 55 after a 33-year career in the global aluminum industry. His award-winning blog, The Retirement Manifesto, is focused on helping people achieve a great retirement. The blog follows his journey from...

J. Money of Budgets Are Sexy shares the tale of two cab rides Episode 1785: The Tale of Two Cab Rides by J. Money of Budgets Are Sexy on Intentional Spending & Rational Budgeting 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 some b...

Brian Tracy discusses the millionaire mindset that can help you achieve financial independence Episode 1784: The Millionaire Mindset To Achieve Financial Independence by Brian Tracy on The Millionaire Next Door Principles Brian Tracy's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. BrianTracy has consulted for more than 1,000 companies and ad...

A Purple Life talks about going car-free for life Episode 1783: Carfree For Life by A Purple Life on Simple Living Practices A Purple Life was started by an anonymous writer in 2015. They hatched a plan to retire in 10 years at 35, and with the help of decreased spending, increased wages, and geoarbitrage, they reached their goal in half the time and retired in 2020 at age 30. A Purple Life catalo...

Julianna Poplin of The Simplicity Habit teaches you how to balance simplicity and frugality Episode 1782: How to Balance Simplicity and Frugality by Julianna Poplin of The Simplicity Habit on Minimalism & Finances Julianna is a professional declutterer and writer at The Simplicity Habit. She writes to encourage and inspire women who want to simplify their homes and lives The original post is locat...

Joshua Fields Millburn of The Minimalists reviews habits when it comes to money, and the important financial things we postpone related to death. Episode 1781: Money Does Not Buy Better Habits AND Scared to Death of Death: The Important Things We Postpone by Joshua Fields Millburn Joshua Fields Millburn & Ryan Nicodemus write about living a meaningful life with less stuff for 4 million readers. As...

Leif of Physician on Fire helps you spend less and live more. This is part 2 of 2 Episode 1780: [Part 2] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending & Living Leif is a former anesthesiologist, a family man, and a supposed outdoors enthusiast who spends way too much time indoors. Physician on FIRE is a personal finance website he created to inform and inspire both ph...

Leif of Physician on Fire helps you spend less and live more. This is part 1 of 2 Episode 1779: [Part 1] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending & Living Leif is a former anesthesiologist, a family man, and a supposed outdoors enthusiast who spends way too much time indoors. Physician on FIRE is a personal finance website he created to inform and inspire both ph...

Nick True of Mapped Out Money shares 3 reasons why you should stop budgeting by the month. Episode 1778: 3 Reasons You Should Stop Budgeting By The Month by Nick True of Mapped Out Money on Financial Goals 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. Ma...

Robert Farrington of The College Investor helps you feel financially empowered and make the best decisions possible Episode 1777: How To Feel Financially Empowered And Make The Best Decisions Possible by Robert Farrington of TheCollegeInvestor 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 als...

Barney of The Escape Artist reminds us that the more runway we have, the safer we are Episode 1776: The More Runway You Have, The Safer You are by Barney of The Escape Artist Blog on Financial Security & Wellbeing Barney Whiter writes about money and financial freedom at The Escape Artist. He has a degree in economics, is a qualified chartered accountant and had a 20 year career in corporate finan...