Optimal Finance Daily - Financial Independence and Money Advice

Chris Reining shares a system for automating your personal finances. Episode 1201: A System for Automating Your Personal Finances by Chris Reining on How To Simplify Your Financial Life 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://chrisreining.com...

Darrow Kirkpatrick of Can I Retire Yet shares a surprising contender for tax-efficient retirement saving. Episode 1200: A Surprising Contender for Tax-Efficient Retirement Saving by Darrow Kirkpatrick of Can I Retire Yet 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 financial...

2 posts from J. Money of Budgets Are Sexy on personal finance advice. Episode 1199: Can You Imagine AND When You're On The Right Track by J. Money of Budgets Are Sexy on Personal Finance Advice 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 budg...

Joel of 5AM Joel shares if it is selfish to pay yourself first. Episode 1198: Is it Selfish to Pay Yourself First? by Joel of 5AM Joel on How To Prioritize Saving Your Money 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...

Phil Town of Rule One Investing shares the fundamentals of investing from Warren Buffett's 2013 letter. Episode 1197: The Fundamentals of Investing From Warren Buffett's 2013 Letter by Phil Town of Rule One Investing on Value Stocks 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...

Craig Stephens of Retire Before Dad shares why you should never depend on a single income. Episode 1196: Never Depend on a Single Income by Craig Stephens of Retire Before Dad on How to Create Multiple Revenue Streams 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 55,...

2 posts from Dawn Starks of SimpleMoney on what to do first to fix your debt and why you should give your money a job. Episode 1195: Want to Fix Your Debt? Do This One Thing First AND Give Your Money a Job by Dawn Starks of Simple Money Pro 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 con...

Nick True of Mapped Out Money shares what financial freedom and independence really is. Episode 1194: What Is Financial Freedom and Independence Really? by Nick True of Mapped Out Money on Early Retirement Savings 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...

Vera with Money Mini Blog shares a bill-by-bill guide to saving money on monthly expenses. Episode 1193: A Bill-by-Bill Guide to Saving Money on Monthly Expenses by Vera with Money Mini Blog on Lowering Personal Bills 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 buildin...

Kalen Bruce of Freedom Sprout shares 8 reasons you should start investing for retirement in your 20s. This is part 2 of 2. Episode 1192: [Part 2] 8 Reasons You Should Start Investing for Retirement in Your 20s 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...

Kalen Bruce of Freedom Sprout shares 8 reasons you should start investing for retirement in your 20s. Episode 1191: [Part 1] 8 Reasons You Should Start Investing for Retirement in Your 20s 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 abou...

The Finance Twins share that data shows you'll likely make less than your parents, but show how you can change that. Episode 1190: Data Shows You'll Likely Make Less Than Your Parents, But This Is How You Can Change That by The Finance Twins 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 work...

Mr. Money Mustache shares his thoughts on getting rich with nature. Episode 1189: Get Rich With: Nature by Mr. Money Mustache on The Calming Effect of Being Outdoors & Financial Freedom 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 Canada, then worked in s...

FIRECracker of Millennial Revolution shares the power of small changes. Episode 1188: The Power of Small Changes by FIRECracker of Millennial Revolution on Building Daily Habits for Financial Success 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-fig...

JL Collins shares why the market always goes up. Episode 1187: Stocks -- Part II: The Market Always Goes Up by JL Collins on Investment Advice During Tough Times 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 implementing business plans, creating powerfu...

James Altucher shares when the price is right you buy and you win. Episode 1186: When the Price Is Right You Buy (And You Win) by James Altucher on Value Investing & Investment Advice 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, and i...

Lars Lofgren with I Will Teach You to be Rich shares how to invest money in 5 easy steps. This is part 2 of 2. Episode 1185: [Part 2] How to Invest Money in 5 Easy Steps by Lars Lofgren with I Will Teach You To Be Rich on Investing Strategy 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 fo...

Lars Lofgren with I Will Teach You to be Rich shares how to invest money in 5 easy steps. This is part 1 of 2. Episode 1184: [Part 1] How to Invest Money in 5 Easy Steps by Lars Lofgren with I Will Teach You To Be Rich on Investing Strategy 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 fo...

Austin with PT Money shares how to prepare your wallet for a disaster. Episode 1183: How to Prepare Your Wallet for a Disaster by Austin with PT Money on Financial Emergency Preparedness 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,...

Michelle Schroeder-Gardner of Making Sense of Cents shares 4 mistakes that may be holding you back from a good credit score. Episode 1182: These 4 Mistakes May Be Holding You Back From A Good Credit Score 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 i...

Sam of Financial Samurai shares the maximum 401k contribution limit and what you could have if you max out every year. Episode 1181: The Maximum 401k Contribution Limit: What You Could Have If You Max Out Every Year by Sam of Financial Samurai 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 him...

Jen Hayes shares why Dave Ramsey is wrong about credit. Episode 1180: Why Dave Ramsey is Wrong About Credit by Jen Hayes on How To Build A Higher Credit Score & Buy A House 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 e...

Scott Spann with Financial Finesse shares how much income you will really need during retirement. Episode 1179: How Much Income Will You Really Need During Retirement? by Scott Spann with Financial Finesse on Retiring Early 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 i...

ESI of ESI Money shares how to measure and track your wealth. Episode 1178: How to Measure and Track Your Wealth by ESI of ESIMoney on Net Worth Tracking & Savings Rate 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 focuse...

Vitaliy Katsenelson of Contrarian Edge shares his thoughts on value investing. Episode 1177: Was Our Money Manager Kidnapped? by Vitaliy Katsenelson on Value Investing Investment Advice Vitaliy Katsenelson is the CEO and Chief Investment Officer at Investment Management Associates. He has written two books on investing, which were published by John Wiley & Sons and have translated into eight langu...