Optimal Finance Daily - Financial Independence and Money Advice

Ramit Sethi of I Will Teach You to be Rich gives us the three most important rules to abide by during a recession. Episode 1251: The 3 Most Important Money Rules for a Recession by Ramit Sethi of I Will Teach You To Be Rich on Finance Advice 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 f...

Michelle Schroeder-Gardner of Making Sense of Cents shares how to remove PMI from home buying. Episode 1250: Can You Remove PMI From Your Mortgage? 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 track of progre...

Nick True of Mapped Out Money offers 4 reasons why we should not compare our finances. Episode 1249: 4 Reasons You Need to Stop Comparing Your Finances by Nick True of Mapped Out Money on Personal Finance Tips 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...

J.D. Roth with Get Rich Slowly talks about shopping without purpose. Episode 1248: Shopping for the Sake of Shopping by J.D. Roth of Get Rich Slowly on Intentional Spending & Saving Money 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 tur...

Kalen Bruce of Freedom Sprout helps us manage our tendency to spend money with our emotions. Episode 1247: Emotional Spending: Don’t Find a Permanent Solution for a Temporary Problem by Kalen Bruce of Freedom Sprout Kalen Bruce created Freedom Sprout to fill a void. He heard too many conversations about how "they don't teach finance in schools." It took years for him to stop complaining about it a...

Sam of Financial Samurai reflects on the thrill of having no money. Episode 1246: The Thrill Of Paying Down Debt And Having No Money Is Addicting by Sam of Financial Samurai on Rate of Return 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 h...

J. Money of Budgets Are Sexy informs us of how we can always switch where our money is going. Episode 1245: You Can Always Switch Where Your Money's Going by J. Money of Budgets Are Sexy on Flexible Money Decisions 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...

Philip Taylor of PT Money discusses why to open savings accounts even without having savings. Episode 1244: There's an Account for That: Create a Void by Philip Taylor of PT Money on How To Save More Money 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...

Jeff Rose discloses six long-term savings plans. This is part 2 of 2. Episode 1243: [Part 2] 6 Long-Term Savings Plans that Make Good Financial Cents 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 Nation...

Jeff Rose discloses six long-term savings plans. This is part 1 of 2. Episode 1242: [Part 1] 6 Long-Term Savings Plans that Make Good Financial Cents 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 Nation...

Alexa Mason with The College Investor discloses ten bad money habits we need to break. Episode 1241: 10 Bad Money Habits You Need To Break Today by Alexa Mason of The College Investor on Personal Finance Advice 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 also helps parents make smart choice...

Kumiko of The Budget Mom talks about how to increase income in the face of financial struggles. Episode 1240: How To Increase Your Income When You Have Financial Troubles by Kumiko of The Budget Mom on Money Assistance 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...

Craig Stephens of Retire Before Dad explores the differences between investing and gambling. Episode 1239: Investing vs. Gambling - What's the Difference? by Craig Stephens of Retire Before Dad on Investing for Retirement Craig Stephens of Retire Before Dad is a 43-year-old IT professional, investor, and blogger based in the Washington, DC metro area. His primary financial goal is to retire at age...

Jessica shares how to buy gifts mindfully and without stress. Episode 1238: Buy Gifts Without Stressing Or Creating Clutter by Jessica with Nacho Average Fro on Create Your Own Gifting Rules Since beginning her decluttering journey, Jessica has lost 40 lbs., quit her corporate job to fulfill her lifelong dream of entrepreneurship, and now runs a blog, conference and coaching business. She continuo...

Phil Town of Rule One Investing shares the retirement mistakes we might be making. Episode 1237: 5 Retirement Mistakes You Might Be Making That Could Be Keeping You From Financial Freedom by Phil Town Phil Town's portfolio has been ranked No. 1 by the American Association for Individual Investors when it produced a 50% rate of return. He has a passion for investing that is hard to beat and he want...

Derick Van Ness tells us what we should do before investing. Episode 1236: Before You Invest, Do This by Derick Van Ness of Big Life Financial on Learning How To Save Money Derick Van Ness is a Wealth Strategist who is passionate about helping people reach their full potential. His company, Big Life Financial is focused on removing the mystery and misinformation surrounding money and financial str...

Mr. Money Mustache discusses how to save money with a secret food stash AND by drying clothes more efficiently. Episode 1235: Get Rich With: The Secret Food 'Stash AND My New 1000% Annual Return-on-Investment Clothes Dryer by MMM 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...

Wanderer discusses how he plans to change his equity allocation in retirement. Episode 1234: How We Plan To Change Our Equity Allocation In Retirement by Wanderer with Millennial Revolution on Stocks & Bonds Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world seeking out knowledge from other wealthy people, so he can...

Jen Hayes shares 7 myths about frugality. Episode 1233: 7 Myths About Frugality by Jen Hayes on Frugal Living & Intentional Living 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 exlusive tips on how to save money, earn mo...

Helene Massicotte of Free To Pursue shares how to spend mindfully. Episode 1232: The Joy Of Spending - Thoughts On Mindful Consumption by Helene Massicotte of Free To Pursue on Thoughtful Money 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 enable...

Harry Stout of Financial Verse shares his thoughts on why you need a safety net for your finances. Episode 1231: Why You Need A Personal Financial Safety Net by Harry Stout of Financial Verse on Wealth Preservation Techniques Harry N. Stout is an acknowledged senior leader in the global financial services business with experience in all key business areas with particular expertise in personal fina...

ESI of ESI Money shares how to know when you're financially independent. 1230: The Crossover Point: The Original Measure of Financial Independence by ESI of ESI Money on Early Retirement 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...

Chris Reining shares his thoughts on how to defend yourself against Wall Street lies. 1229: Why Wall Street Lies and How You Can Defend Yourself by Chris Reining on Stock Investment Analysis & Index Funds Chris Reining is an investor, writer, and avid student of life. He shares how to build wealth and reach financial freedom on his website ChrisReining.com. The original post is located here: https...

Chris Guillebeau shares his thoughts on if time is money. Episode 1228: Time Is Money? by Chris Guillebeau on Productivity & The Inherent Value of Enjoying Life Chris Guillebeau is a New York Times bestselling author and modern-day explorer. He is the author of 5 books and his daily podcast, Side Hustle School, is downloaded more than 2 million times a month. Every summer in Portland, Oregon, Chri...

Darrow Kirkpatrick of Can I Retire Yet shares if you should work one more year. Episode 1227: Should You Work One More Year? by Darrow Kirkpatrick of Can I Retire Yet on The Retirement Decision 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 by flipping...