Optimal Finance Daily - Financial Independence and Money Advice

J. Money of Budgets Are Sexy shares his thoughts on buying your home like a renter but living like a renter. Episode 1226: Buy Your Home Like A Landlord, Live Like A Renter by J. Money of Budgets Are Sexy on Renting vs. Buying A Home 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 tracke...

Joel of 5AM Joel shares his thoughts on tracking his savings rate as a young kid. Episode 1225: Tracking My Savings Rate As A Young Kid by Joel of 5AMJoel on How To Save Money to Build A Wealthy Life 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 a...

The Finance Twins share what to do when stocks go down. Episode 1224: What To Do When Stocks Go Down by The Finance Twins on Index Fund Investing During A Recession 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 breaks, we realized so many pe...

Margo Aaron of That Seems Important shares why good people need to get comfortable with wealth and power. This is part 2 of 2. Episode 1223: [Part 2] Why Good People Need To Get Comfortable With Wealth And Power by Margo Aaron of That Seems Important Margo Aaron is a proud graduate of Emory University, Columbia University and altMBA where she won the prestigious Walker Award. In 2017 she founded T...

Margo Aaron of That Seems Important shares why good people need to get comfortable with wealth and power. This is part 1 of 2. Episode 1222: [Part 1] Why Good People Need To Get Comfortable With Wealth And Power by Margo Aaron of That Seems Important Margo Aaron is a proud graduate of Emory University, Columbia University and altMBA where she won the prestigious Walker Award. In 2017 she founded T...

Claire of Want Less shares seven crucial money rules she broke and regretted. Episode 1221: Seven Crucial Money Rules I Broke and Regretted It by Claire of Want Less on Financial Mistakes to Avoid Claire lives with her wife and dog in Yorkshire, UK, and is on a journey towards simplifying her life and beating debt. Along the way, she is exploring ideas like minimalism, escaping the rat-race, loggi...

Dawn Starks of SimpleMoney shares why you shouldn't ignore the hidden cost of your stuff. Episode 1220: Don't Ignore the Hidden Cost of Your Stuff by Dawn Starks of Simple Money Pro on Financial Benefits of Minimalism Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp a...

Ramit Sethi of I Will Teach You to be Rich shares the basics of portfolio rebalancing. Episode 1219: The Basics of Portfolio Rebalancing by Ramit Sethi of I Will Teach You To Be Rich on Investment Asset Allocation 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...

Chris Pascale with Grumpus Maximus shares his thoughts on worth vs. worth it. Episode 1218: Worth vs. Worth It: Stretching Out The Family Van by Chris Pascale with Grumpus Maximus on Auto Finance Decisions Grumpus Maximus is a 40 something US military officer with 19 years of active duty service under my belt. He's spent over four years of that career either deployed or stationed in the Middle Eas...

Tim Sullivan with Get Rich Slowly shares how he stopped excessive gifting. Episode 1217: How I Stopped Excessive Gifting by Tim Sullivan with Get Rich Slowly on Spending Money & Relationships 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...

Kalen Bruce of Freedom Sprout shares why it's called personal finance for a reason or when it makes sense to go into debt. Episode 1216: It’s Called ‘Personal’ Finance for a Reason (Or When it Makes Sense to Go Into Debt) 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...

Sam of Financial Samurai shares if you want to be bad, follow a good spending ratio. Episode 1215: If You Want To Be Bad, Follow A Good Spending Ratio by Sam of Financial Samurai on Getting To Financial Freedom 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 cha...

Joshua Becker of Becoming Minimalist shares a helpful guide to overcoming consumerism. Episode 1214: A Helpful Guide to Overcoming Consumerism by Joshua Becker of Becoming Minimalist on Intentional Spending 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 important purs...

Bruce Young with Financial Finesse shares how to know if you are ready to buy investment property. Episode 1213: How To Know If You Are Ready To Buy Investment Property by Bruce Young with Financial Finesse on Real Estate 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 int...

Brian Tracy shares 10 practical tips and financial advices from successful investors on how to invest and make money. Episode 1212: How to Invest and Make Money: 10 Practical Tips and Financial Advice from Successful Investors by Brian Tracy Brian Tracy's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. Brian Tracy has consulted for more than 1...

Robert Farrington of The College Investor shares the difference between a W2 and W4. Episode 1211: What's The Difference Between A W2 and W4? by Robert Farrington of The College Investor on Tax Preparation Info 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 shares if you should budget your money using percentages. Episode 1210: Should You Budget Your Money Using Percentages? by Kumiko of The Budget Mom on Budgeting Techniques 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...

Hank Coleman with PT Money shares if property managers are worth their fees. Episode 1209: Are Property Managers Worth Their Fees? by Hank Coleman with PT Money on Real Estate Investing Decisions 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...

Steve Chou of My Wife Quit Her Job shares his simple philosophy for achieving financial freedom in 5 years or less. Episode 1208: My Simple Philosophy For Achieving Financial Freedom In 5 Years Or Less by Steve Chou of My Wife Quit Her Job Steve Chou of My Wife Quit Her Job carries both a bachelors and a masters degree in electrical engineering from Stanford University, but spent a good portion of...

Michelle Schroeder-Gardner of Making Sense of Cents shares how to save money by bartering services. Episode 1207: How To Save Money By Bartering Services by Michelle Schroeder-Gardner of Making Sense of Cents on Frugality 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, k...

The Mad Fientist shares his thoughts on the safe withdrawal rate for early retirees. This is part 2 of 2. Episode 1206: [Part 2] Safe Withdrawal Rate for Early Retirees by The Mad Fientist on Retirement Planning for Financial Freedom 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 re...

The Mad Fientist shares his thoughts on the safe withdrawal rate for early retirees. This is part 1 of 2. Episode 1205: [Part 1] Safe Withdrawal Rate for Early Retirees by The Mad Fientist on 4% Rule for Spending Money in Retirement 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 ret...

Harry Stout of Financial Verse shares his thoughts on developing better money habits. Episode 1204: Improving Financial Health: Developing Better Money Habits by Harry Stout of Financial Verse on Building Wealth 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 finance, life insu...

ESI of ESI Money shares how to become financially independent. Episode 1203: How to Become Financially Independent by ESI of ESI Money on How To Find The Big Levers for 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...

Philip Dancy of Dancy With Money shares how to strategically use credit cards and the pain of paying with cash. Episode 1202: How To Strategically Use Credit Cards AND The Pain of Paying: Carrying Cash by Philip Dancy of Dancy with Money Philip Dancy joined one of the top investment banking firms upon his graduation from the Five Year MBA program at Hampton University. After starting his career in...