Optimal Finance Daily - Financial Independence and Money Advice

Mr. Money Mustache shares his opinions and strategies for investing short-term cash. Episode 1750: Where Should I Invest My Short-Term 'Stash by Mr. Money Mustache on Investing in Bonds & Money Market Accounts 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...

Steven Keys of Trip of a Lifestyle talks about financially independent thinking Episode 1749: Everyone Else Could Be Wrong by Steven Keys of Trip Of A Lifestyle on Financially Independent Thinking Since graduating from college in 2012, Steven has developed a healthy obsession with personal finance. Although he has no formal training in the field, he’s taught himself a lot about saving and investin...

Victoria Sexton of Women Who Money talks about investing for women Episode 1748: Make Your Money Work Hard, So You Don’t Have To by Victoria Sexton with Women Who Money on Investing Plans The co-founders of Women Who Money are Amy Blacklock from Life Zemplified and Vicki Cook, from Make Smarter Decisions. Vicki and Amy connected initially online and eventually met in person at a financial conferen...

Sam of Financial Samurai tells you why remodeling probably doesn't pay off Episode 1747: Does Remodeling Pay Off - Probably Not by Sam of Financial Samurai on Home Renovation Return on Investment 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,...

Mr. 1500 of 1500 Days talks about why he sold his fancy car Episode 1746: Why We Sold Our Fancy Car (the Acura NSX) by Mr. 1500 of 1500 Days on Simple Living & Financial Decisions 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 set a goal to buil...

Kelly Blodgett with Fiology encourages you to live your dream, not the American dream Episode 1745: Live Your Dream, Not the American Dream by Kelly Blodgett with Fiology on Pursuing Your Own Financial Path 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 community and ha...

Kevin of Financial Panther tells you what to do if you're young and have a high income Episode 1744: If You Are Young And Have A High Income: Treat It As A Windfall by Kevin of Financial Panther on Savings Rate 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 liv...

Marc Chernoff of Marc and Angel shares 11 practical ways to spend your money Episode 1743: 11 Practical Ways to Spend Your Money by Marc Chernoff of Marc And Angel on Spending Wisely & Debt Repayment Marc and Angel Chernoff are professional coaches, full-time students of life, admirers of the human spirit, and have been recognized by Forbes as having “one of the most popular personal development b...

ESI of ESI Money provides lessons from millionaires Episode 1742: Lessons from Millionaires by ESI of ESI Money on The Millionaire Next Door & Saving & Investing 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 do...

FIRECracker of Millennial Revolution tells you how to live life with no regrets Episode 1741: How to Live Life with No Regrets by FIRECracker of Millennial-Revolution on Common Regrets of the Dying FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figur...

Michelle Schroeder-Gardner of Making Sense of Cents warns you of 7 expenses to never put on your credit card Episode 1740: 7 Expenses To Never Put On A Credit Card 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 in 7 months, kept...

Andy Hill talks about why increasing your income won't solve your financial problems Episode 1739: Why Increasing Your Income Won't Solve Your Financial Problems by Andy Hill of Marriage, Kids and Money Andy Hill is a husband and father to two awesome (and crazy) kids and they hail from the great state of Michigan. His goal is to give his family the best life possible and strengthen their family t...

Sean Mullaney of FI Tax Guy talks about 2021 year-end tax planning. This is part 2 of 2. Episode 1738: [Part 2] 2021 Year-End Tax Planning by Sean Mullaney of FI Tax Guy on Roth IRA vs. Traditional IRA Sean Mullaney is a financial planner and the President of Mullaney Financial & Tax, Inc. Mullaney Financial & Tax, Inc. offers fiduciary, fee-only, hourly, and advice-only financial planning. Sean e...

Sean Mullaney of FI Tax Guy talks about 2021 year-end tax planning. This is part 1 of 2. Episode 1737: [Part 1] 2021 Year-End Tax Planning by Sean Mullaney of FI Tax Guy on Roth IRA vs. Traditional IRA Sean Mullaney is a financial planner and the President of Mullaney Financial & Tax, Inc. Mullaney Financial & Tax, Inc. offers fiduciary, fee-only, hourly, and advice-only financial planning. Sean e...

Darrow Kirkpatrick of Can I Retire Yet shares the difference between luxury and essential. Episode 1736: Luxury or Essential by Darrow Kirkpatrick of Can I Retire Yet on Being Financially Independent & FIRE 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 independent...

Lisa Harrison of Mad Money Monster talks about why your relationships are more important than money Episode 1735: Why Your Relationships Are More Important Than Money by Lisa Harrison of Mad Money Monster Lisa is a mother, scientist, and financial enthusiast. She founded Mad Money Monster, a personal finance blog chronicling her and her family’s journey from doing money all wrong to doing it all r...

Jeff Rose shares 8 need-to-know secrets that your broker won't tell you Episode 1734: 8 Secrets Your Broker Won't Tell You (and Why You Need to Know Them) by Jeff Rose of Good Financial Cents 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 N...

J.D. Roth with Get Rich Slowly shares 10 rules for financial success Episode 1733: The Random Walk Guide to Investing: Ten Rules for Financial Success by J.D. Roth of Get Rich Slowly 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...

Jackie Beck gives you a one-bite method to crush debt Episode 1732: Crush Debt with the Unstoppable One-Bite Method by Jackie Beck on Debt Freedom & Personal Finance 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 a...

Mr. 1500 of 1500 Days tells us the reason he owns a home instead of renting Episode 1731: This Is Why I Own a Home by Mr. 1500 with Budgets Are Sexy on Benefits of Home Ownership vs. Renting 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 set a g...

A Purple Life talks about tossing early retirement and trading money for time Episode 1730: Tossing Early Retirement and Trading Money for Time by A Purple Life on Financial Freedom 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...

Paula Pant of Afford Anything shares one terrible piece of financial advice you should never ever listen to. Episode 1729: One Terrible Piece of Financial Advice You Should Never Ever Listen To by Paula Pant of Afford Anything  Paula Pant is the founder of the award-winning website AffordAnything.com and a writer and speaker specializing in money, business, and real estate investing. She is a real...

Michael Smith with Financial Finesse encourages against taking financial advice from pop music Episode 1728: Don't Take Financial Advice From Pop Music by Michael Smith with Financial Finesse on Personal Finance Mistakes 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 inte...

Chris of Keep Thrifty gives you powerful lessons to learn before you retire Episode 1727: Before You Retire - Powerful Lessons from Mini Retirement by Chris of Keep Thrifty on Securing Your Own Retirement Chris and Jaime live in the suburbs of Madison, WI with their three daughters. While living the typical suburban life, they are challenging the norms by living outside the box and creating the fr...

Joshua Becker of Becoming Minimalist implores you to not let shopping ruin your holiday season Episode 1726: Don't Let Shopping Ruin Your Holiday Season by Joshua Becker of Becoming Minimalist on Minimalism & Christmas 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 im...