Afleveringen
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2756:
Kalen Bruce explores ten diverse investment options beyond the traditional stock market in "10 Ways to Invest Without the Stock Market," revealing alternatives like real estate, bonds, and more unusual avenues like collectibles and wine. These methods cater to different risk profiles and personal interests, offering insights for those seeking to diversify their investment strategies.
Read along with the original article(s) here: https://freedomsprout.com/invest-without-the-stock-market/
Quotes to ponder:
"20% of small businesses fail in their first year, 30% of small business fail in their second year, and 50% of small businesses fail after five years in business. Finally, 70% of small business owners fail in their 10th year in business."
"When you invest in bonds you’re investing in debt. That may not sound pretty, but it’s a legitimate investment."
"Everyone has to live somewhere. You can invest in rental properties that will produce an income, or you can buy raw land in hopes that it will increase in value."
Episode references:
Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2755:
Explore the diverse world of investments beyond the stock market with insights from Kalen Bruce of FreedomSprout.com. This episode unpacks unconventional investment options that offer security and growth, proving that true financial diversity spans across various asset classes.
Read along with the original article(s) here: https://freedomsprout.com/invest-without-the-stock-market/
Quotes to ponder:
"The US dollar is economically weak, but politically and realistically strong - a weird combination, but it’s true."
"Focus on the future productivity of the asset you are considering. If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on."
"With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations."
Episode references:
Berkshire Hathaway's official letters archive: https://www.berkshirehathaway.com/letters/letters.html
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Zijn er afleveringen die ontbreken?
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2754:
Explore how stress influences weight gain in Sara Lindberg’s enlightening piece on Healthline.com. Lindberg delves into the physiological processes that link stress to increased abdominal fat, underlining why managing stress is crucial not only for weight control but for overall health. Discover practical tips and expert advice on combating stress-related weight gain effectively.
Read along with the original article(s) here: https://www.healthline.com/health/stress/stress-and-weight-gain
Quotes to ponder:
"Stress can have a noticeable effect on your body, from tight muscles and headaches to feeling irritated, overwhelmed, and out of control."
"Your body responds to stress by increasing levels of cortisol, which gets the body ready to 'fight or flee'."
"This is why so many people respond to stress by going for comfort food."
Episode references:
American Psychological Association (APA): https://www.apa.org/
TED Talk by Dr. Kelly McGonigal: https://www.youtube.com/watch?v=RcGyVTAoXEU
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2753:
Kumiko from TheBudgetMom.com outlines crucial advice on eliminating unsecured debt, student loans, and mortgages before retirement to secure a financially stable future. By proactively addressing these debts, you can enjoy your retirement with peace of mind and freedom from financial burdens.
Read along with the original article(s) here: https://www.thebudgetmom.com/3-debts-you-should-eliminate-before-retirement/
Quotes to ponder:
"The simple truth is, you can't afford to have a majority of your income eaten up by debt payments."
"If you have a credit card with a $5,000 balance with 18% interest, it will take you roughly 84 months to pay it off."
"It's critical to take steps to ensure you have an effective debt management strategy in place and to take early action steps to eliminate debt before you retire."
Episode references:
Federal Student Aid - Income-Driven Repayment Plans: https://studentaid.gov/manage-loans/repayment/plans/income-driven
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2752:
Explore the essential steps for opening a 529 college savings plan, guided by Caitlin See from StudentLoanPlanner.com. Discover the advantages of different state plans, tax benefits, and investment options to tailor a plan that best suits your family's educational and financial goals.
Read along with the original article(s) here: https://www.studentloanplanner.com/how-to-open-529-plan/
Quotes to ponder:
"Each state offers its own 529 plan, with the exception of Wyoming. But that doesn’t mean you’re limited to choosing your own state’s plan."
"Age-based portfolios are the most common 529 plan investment option because they take the guesswork out of investing."
"Depending on where you live, you’ll need to determine if you’re required to use a 529 plan specific to your state in order to claim its tax benefit."
Episode references:
College Savings Plans Network: https://www.collegesavings.org/
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2751:
Discover effective strategies to transform financial stress into a proactive force in "7 Ways to Tame Financial Stress for a Wealthier Future" by Kathleen Coxwell. Learn how understanding stress responses, changing perceptions, and engaging in strategic financial planning can empower you to secure a more prosperous future.
Read along with the original article(s) here: https://www.newretirement.com/retirement/retirement-stress-2/
Quotes to ponder:
"Understand that Avoidance is an Evolutionary Reaction to Threats, but Not Effective for Financial Stress."
"Your mindset can actually impact how stress impacts you."
"When you choose to connect with others under stress, you can create resilience."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2750:
In "The Four Pitfalls of Financial Planning," Lisa Whitley illustrates crucial missteps in effective financial planning, from ignoring underlying issues to overlooking personal habits that derail financial goals. She urges a holistic, well-rounded approach to planning that accounts for personal risks and life’s unpredictabilities to safeguard future financial security.
Read along with the original article(s) here: https://womenwhomoney.com/financial-planning-pitfalls/
Quotes to ponder:
"If you don’t know where you are going, you’ll end up someplace else."
"It is disturbingly common in personal finance to conflate a specific tactic with an actual, enduring answer to a financial problem."
"A plan is rarely, if ever, perfect. Still, the wrong strategy can leave you someplace you don’t want to be."
Episode references:
Social Security Administration: https://www.ssa.gov/
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2749:
JL Collins elucidates the power of simplicity in investment strategies in "Stocks - Part V: Keeping It Simple, Considerations and Tools." He advises against complex investments which often incur high costs with lower returns, advocating for index funds as a simpler, more efficient method. Collins emphasizes the importance of understanding one's investment phase and risk tolerance to craft a personal investment plan that promises stability and growth over time.
Read along with the original article(s) here: https://jlcollinsnh.com/2012/05/09/stocks-part-v-keeping-it-simple-considerations-and-tools/
Quotes to ponder:
"Simple is good. Simple is easier. Simple is more profitable."
"The more complex an investment the less likely it is to be profitable."
"Nothing money can buy is more important than your fiscal freedom."
Episode references:
Vanguard Total Stock Market Index Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2748:
Mike Ballew of EggStack.com explores the dilemma of being "house rich and cash poor," a situation where homeowners have significant equity locked in their property but lack sufficient liquid assets for a comfortable retirement. He discusses potential solutions like downsizing, reverse mortgages, and turning a home into an investment property, providing insights into the advantages and drawbacks of each approach.
Read along with the original article(s) here: https://eggstack.com/blog/2021-06-27-House-Rich-and-Cash-Poor/
Quotes to ponder:
"Owning a home is an important part of wealth-building and a cornerstone of The American Dream, but as we age, it can feel like an albatross."
"Downsizing to a smaller home has many advantages, including reduced utility bills and property taxes, making it an appealing option for retirees needing less space."
"The primary disadvantage of a reverse mortgage is that you are essentially married to your home, as in until death do us part."
Episode references:
How Does a Reverse Mortgage Work: https://dfi.wa.gov/homeownership/reverse-mortgages
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2747:
Nick Maggiulli's moving piece, "Losing More Than a Bet," delves into the poignant intersection of family, loss, and the perilous lure of gambling, inspired by the death of his grandfather. By reflecting on his grandfather's gambling addiction and its personal impacts, Maggiulli offers profound insights into the complexities of addiction, the deceptive allure of easy money, and the deep familial bonds that shape our understanding of risk and reward.
Read along with the original article(s) here: https://ofdollarsanddata.com/losing-more-than-a-bet/
Quotes to ponder:
"What goes up a chimney down, but not down a chimney up? An umbrella."
"Money won is twice as sweet as money earned."
"The cycle continues. Another loss. Another justification. Another gamble."
Episode references:
North American Foundation for Gambling Addiction Help: https://nafgah.org/
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2746:
Emma Scheib's piece "The Story of Your Life: Rewriting Your Script" from Simple Slow Lovely dives deep into the concept of self-directed life changes by confronting our inner critic. She narrates her personal journey of identifying and dismissing the critical internal voices that dictated her life choices, showcasing a path towards embracing a simplified, intentional life that truly reflects one's aspirations and values.
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2745:
Delve into the elusive world of the "Closeted FIRER" with FIRECracker's insightful article from Millennial Revolution. Discover the hidden lives of those secretly planning their financial independence and early retirement (FIRE) and explore how their undercover efforts impact both professional life and personal growth.
Read along with the original article(s) here: https://www.millennial-revolution.com/build/five-types-people-youll-meet-way-fi/
Quotes to ponder:
"The Closeted FIRER knows what SWR stands for, they can discuss in detail the subtleties of the 4% rule, they can rattle off their favourite low-cost Index ETFs. But they don’t, because they don’t want to admit that they’re also trying to jump ship from their job too."
Episode references:
Quit Like a Millionaire: https://www.amazon.com/Quit-Like-Millionaire-Practical-Wealthy/dp/0525538690
The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2744:
Explore the emotional rollercoaster of reaching milestones in personal growth through FIRECracker’s article on her experiences with publishing and early retirement. As she navigates the reactions of friends and the types of people encountered on her journey to financial independence, listeners gain insights into the complex social dynamics of success and ambition.
Read along with the original article(s) here: https://www.millennial-revolution.com/build/five-types-people-youll-meet-way-fi/
Quotes to ponder:
"Most people don’t want you to succeed."
"The Frenemy pats you on the back with one hand, while secretly gut-punching you with the other."
"The Hypocrite thinks you got lucky and don’t truly deserve your success."
Episode references:
Overview of FI Chautauqua UK: https://www.fichautauqua.com/overview-805691.html
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2743:
Miranda Marquit of GoodFinancialCents.com presents three actionable steps for financing your college education effectively. This guide explores options from scholarships and grants to federal and private student loans, helping students navigate the complexities of funding higher education amidst rising costs.
Read along with the original article(s) here: https://www.goodfinancialcents.com/paying-for-college-financing-priorities/
Quotes to ponder:
"Your first efforts should be geared toward getting free money to help you pay for college."
"Before you go to a bank, it might be worth it to check the terms you can get with peer-to-peer lending."
"Finding financing for college isn’t always easy and it can be expensive."
Episode references:
FastWeb: https://www.fastweb.com/
Tuition U: https://planning.colleging.com/cu/tuition-u-direct
FAFSA - Free Application for Federal Student Aid: https://studentaid.gov/h/apply-for-aid/fafsa
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2742:
Dori Cameron explores common misconceptions that lead to unnecessary spending in "5 Myths That Result in Excess Spending." By debunking myths such as the beliefs that items can always be returned, sold, or donated, Cameron encourages readers to reconsider the true cost and value of purchases, advocating for more mindful consumption habits to save time, money, and space.
Read along with the original article(s) here: https://www.becomingminimalist.com/myths-that-cause-overspending/
Quotes to ponder:
"When you have that George Foreman grill in your hands, it seems like a great idea."
"A rule of thumb when making a purchase is to assume it has no resale value."
"Is there a better way to give back to others or your community than dropping off used goods at a thrift store?"
Episode references:
Beyond Belongings Blog: https://beyondbelongings.wordpress.com/
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2741:
Discover proven strategies to enhance your willpower in this insightful exploration of self-discipline and personal growth. Uncover practical tips and psychological insights that can help you build lasting habits, resist temptations, and achieve your personal and professional goals.
Read along with the original article(s) here: https://ptmoney.com/how-to-increase-willpower/
Quotes to ponder:
"Willpower is not just a skill but a daily practice that involves both mindset and action."
"Understanding the psychological aspects of self-control can transform your approach to challenges."
"Every step taken in discipline strengthens your ability to navigate life's temptations."
Episode references:
Willpower by John Tierney: https://www.amazon.com/Willpower-Rediscovering-Greatest-Human-Strength/dp/0143122231
Stanford marshmallow experiment: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2740:
In "Own Less; Travel More," Lauren Keys of TripOfALifestyle.com shares her personal insights on how minimizing possessions can maximize freedom, particularly when moving. She argues that reducing clutter not only eases physical and mental burdens but also enhances the ability to embrace opportunities, travel, and improve financial stability.
Read along with the original article(s) here: https://www.tripofalifestyle.com/perspective/own-less-travel-more/
Quotes to ponder:
"By selling, donating, or just tossing out the items we don’t absolutely have to take with us, we’ve ended up with about half of the amount of stuff to move."
"I’m not saying to give up the things you love, but I do want to challenge you to give your home a good Marie Kondo-ing and ask yourself not only whether your possessions spark joy, but also whether they’re worth what you might be giving up to own them."
"Reducing clutter increases freedom."
Episode references:
Marie Kondo’s website: https://konmari.com/
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2739:
Andy Hill reflects on the costly mistakes he made with his mortgage, highlighting the pitfalls of refinancing without fully understanding the terms and the impact of market conditions. His candid recounting offers valuable lessons on mortgage management and financial decision-making, making it a must-listen for homeowners and financial enthusiasts.
Read along with the original article(s) here: https://marriagekidsandmoney.com/how-i-wasted-over-13000-refinancing-my-mortgage
Quotes to ponder:
"Don’t buy something you don’t understand, especially a mortgage product."
"I didn’t believe it would last. I thought it was too good to be true."
"Listen to your wife. She’s smart."
Episode references:
LendingTree: https://www.lendingtree.com/
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2738:
Dr. Margaret Rutherford guides us through the emotional terrain of an empty nest in her insightful article. She shares her personal journey and practical advice on embracing this life transition with intentionality and grace, providing an empowering perspective for parents facing similar changes.
Read along with the original article(s) here: https://drmargaretrutherford.com/how-to-not-be-victimized-by-empty-nest-letting-go-with-intention/
Quotes to ponder:
"Only your prominence in your child’s life changes. Not your significance."
"You’re not a victim. You’re sad."
"Intention gives you back a sense of control."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2737:
Jillian Johnsrud offers a refreshing analogy in "How to Avoid Early Retirement Failure," comparing life to a garden where each aspect, like work or hobbies, needs balanced nurturing. She emphasizes strategic planning for financial independence, suggesting a measured approach with pruning work commitments and integrating mini-retirements to ensure a flourishing life beyond work.
Read along with the original article(s) here: https://www.jillianjohnsrud.com/how-to-avoid-early-retirement-failure/
Quotes to ponder:
"Life is more like a garden box. We have a finite amount of time and space to grow what matters to us."
"The work plant becomes invasive, crowding out the smaller plants. It's like mint in an herb garden; left unchecked, it will take over."
"Mini-retirements are like a test run. They allow you to practice your ideal FI lifestyle, filling up your garden with new things."
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