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 3025:
Joshua Becker challenges this common financial filter, explaining why it’s incomplete and often misleading. Instead, he suggests five better questions to guide spending decisions, helping align purchases with personal goals, motivations, and long-term financial well-being.
Read along with the original article(s) here: https://www.becomingminimalist.com/can-i-afford-it/
Quotes to ponder:
"Can I afford it? is a terrible filter because the answer is always subjective."
"Everything we buy takes up physical space in our home and mental space in our mind."
"With every purchase, we sacrifice a small amount of freedom."
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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 3024:
Mr. 1500 explains how index funds like VTSAX make investing even simpler, allowing you to focus on what truly brings you joy while your money works for you.
Read along with the original article(s) here: https://www.1500days.com/how-i-hired-the-best-people-in-the-world-to-make-me-rich/ & https://www.1500days.com/ask-the-readers-the-crappy-couch-cacophony/
Quotes to ponder:
"It gives me great satisfaction to know that some of the most brilliant leaders today are on my payroll. I get to pursue what I want and they fund it."
"If I give VTSAX $1,000,000 to manage, I pay $400 per year in fees. That’s an incredible value. Take my money, VTSAX."
"Who am I to judge another human’s choices? Their choices are a culmination of decades of experience that I have no knowledge of."
Episode references:
Mile High FI Podcast: https://milehighfi.com
EconoMe Conference: https://economeconference.com
The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926
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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 3023:
Early retirement enthusiasts often base their plans on the 4% rule, but Jillian Johnsrud highlights the emotional and psychological challenges this approach can create. By exploring how transitions like leaving work can disrupt the satisfaction of earning and saving, Jillian advocates for a more personalized and flexible approach to financial independence. Her insights empower listeners to design retirement strategies that align with their values and happiness, instead of rigid formulas.
Read along with the original article(s) here: https://www.jillianjohnsrud.com/trouble-with-the-4-rule/
Quotes to ponder:
"A plan that felt a little more palatable when the time comes to leave your 9-5 job."
"Transitions deregulate us. Every time."
"You can have 100% confidence in the 4% rule and still not enjoy pulling out 4% a year."
Episode references:
Tickets to EconoMe Conference: https://economeconference.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 3022:
Taking chances might seem risky, but as Kevin of Financial Panther points out, we already make all-in bets on our careers, relationships, and life choices without even realizing it. Rather than fearing the unknown, embracing uncertainty can be freeing especially when most decisions aren’t as life-altering as they seem. By recognizing that we’ve already taken big leaps, we can give ourselves permission to take more chances on what truly matters.
Read along with the original article(s) here: https://financialpanther.com/the-myth-of-diversification/
Quotes to ponder:
"It took me a long time to take a chance on myself even after years of finding myself unhappy with the work I was doing."
"The worst-case scenarios that we think about rarely happen and even the worst-case scenarios usually aren’t as bad as we think they are."
"If you’re going to put everything on the line anyway, you might as well put it all on the line for something you really want."
Episode references:
Qube Money: https://qubemoney.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 3021:
Understanding your net worth is a powerful tool for financial awareness. Jackie Beck breaks down how to calculate it, why it matters, and how tracking it over time can guide your financial decisions. Whether you're aiming to pay off debt or build wealth, knowing where you stand helps you set meaningful goals and measure progress.
Read along with the original article(s) here: https://www.jackiebeck.com/net-worth/
Quotes to ponder:
"Net Worth = Assets - Liabilities. It’s as simple as that, but understanding this equation can change how you approach your finances."
"You live your life, not anyone else’s, so paying attention to your money is key."
"Knowing where you are money-wise can help you pick what to focus on. That’s important if you want to reach your goals."
Episode references:
Tiller’s Spreadsheet: https://www.tillerhq.com/
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Episode 3020:
JL Collins breaks down the key factors in determining your asset allocation, focusing on risk tolerance, flexibility, and financial standing. He explains how these elements shape investment decisions, highlights personal examples, and offers insights into balancing stocks and bonds based on your financial stage. Whether you're in wealth accumulation or preservation, this guide helps you craft a strategy suited to your goals.
Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/
Quotes to ponder:
"Only you can decide, but if ever there was a time to be brutally honest with yourself, this is it."
"For the smoothest transition, you might start slowly shifting into your bond allocation 5 or 10 years before you are fully retired."
"It is better to buy and sell in tax-advantaged accounts to avoid creating taxable events."
Episode references:
Never Pay Taxes Again: https://www.gocurrycracker.com/never-pay-taxes-again/
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 3019:
JL Collins emphasizes the power of simplicity in investing, advocating for a two-fund strategy using VTSAX (stocks) and VBTLX (bonds) to navigate the wealth acquisition and preservation stages. He explains that while 100% stocks often yield the best returns, adding a small percentage of bonds can smooth volatility. The key to success isn’t complexity but discipline staying the course through market ups and downs while keeping costs low.
Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/
Quotes to ponder:
“There is a major crash coming and you’ve got to toughen up, cupcake, because nobody can predict when, despite all those claiming they can.”
“The more you hold in stocks the better your results and the more gut wrenching the volatility you’ll be required to endure.”
“Making a few sound choices and letting them run is the essence of success, and the soul of the simple path to wealth.”
Episode references:
Vanguard Retirement Nest Egg Calculator: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf
Betterment: https://www.betterment.com
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 3018:
Small habits shape our lives more than we realize, and Steve Chou explains how a single tiny change can set off a chain reaction of lasting success. By shifting just one routine, you can reshape your mindset, build momentum, and create exponential growth over time. Understanding the power of habit formation unlocks your potential for long-term transformation.
Read along with the original article(s) here: https://mywifequitherjob.com/your-habits-and-how-one-small-change-can-lead-to-long-term-success/
Quotes to ponder:
"Small changes, when consistently repeated, create exponential results over time."
"The habits you cultivate today determine the trajectory of your future success."
"Success isn’t built overnight; it’s the result of tiny, consistent steps taken over time."
Episode references:
Atomic Habits: https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299
Tiny Habits: https://www.amazon.com/Tiny-Habits-Changes-Change-Everything/dp/0358003326
The Power of Habit: https://www.amazon.com/Power-Habit-What-Life-Business/dp/081298160X
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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 3017:
Many high-income earners still struggle financially, living paycheck to paycheck due to unchecked spending habits. Christina Browning of OurRichJourney.com highlights key reasons why, from overspending on housing, cars, and gadgets to financing vacations and keeping up appearances. By identifying these pitfalls and shifting toward mindful money management, financial independence becomes more attainable.
Read along with the original article(s) here: https://www.ourrichjourney.com/post/the-10-reasons-why-youre-living-paycheck-to-paycheck
Quotes to ponder:
"You don’t know where your money is going this is a pretty basic one, and can easily be solved by making a budget and tracking your expenses."
"Keeping up with the Joneses is nowhere near as important as having assets and financial stability."
"Vacations can cost big money! My recommendation to you: budget for your vacation, plan your vacations out ahead of time, save for your vacations, and don’t go into debt over a vacation!"
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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 3016:
Firecracker reflects on her past as a "hater," resisting the hard truths of Larry Smith's TED talk on fear and excuses. Over time, she recognizes that her resistance was rooted in fear of failure, leading her to push past self-doubt and pursue her dreams. Her journey highlights the power of self-awareness, the courage to face discomfort, and the importance of stepping out of the safety of excuses to build a fulfilling life.
Read along with the original article(s) here: https://www.millennial-revolution.com/freedom/i-used-to-be-a-hater/
Quotes to ponder:
"When you’re afraid, it’s easy to become a hater. Because haters don’t need to step into the arena, they don’t need to look ridiculous, they don’t need to show up, day after day, week after week, year after year."
"I’m glad I’m not a hater anymore. I’m glad I pushed past the fear. I’m glad I got to where I am today because I refused to let myself get too comfortable."
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Episode 3015:
Daneika of Learning2Fly.org shares five essential financial habits every powerful woman should cultivate to create financial freedom and stability. From paying yourself first and living below your means to eliminating debt and building an opportunity fund, these habits empower women to take control of their financial future. By mastering these principles, you'll have the flexibility to embrace opportunities and navigate life's uncertainties with confidence.
Read along with the original article(s) here: https://learning2fly.org/5-financial-habits-every-powerful-woman-needs/
Quotes to ponder:
"Your biggest financial obligation is to yourself first."
"The more of a gap you can create between what you earn and what you spend, the easier it will be to navigate a sudden job loss, an unexpected medical condition, or major car repair."
"Whatever long-term goals you may have, deciding to create an opportunity fund for yourself will give you the ability to say yes to your deepest desires and dreams in the future."
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Episode 3014:
Reviewing your insurance policies annually can save you money and ensure you have the right coverage. Harry Stout emphasizes the importance of shopping around for auto, home, and renters insurance, maximizing discounts, and considering a personal umbrella liability policy for added protection. Small adjustments like bundling policies, improving your credit score, or raising deductibles can lead to significant savings while keeping you financially secure.
Read along with the original article(s) here: https://www.financialverse.com/post/review-your-car-home-or-renters-insurance
Quotes to ponder:
"You can save money on your home, renters, and car insurance coverage by taking some time once per year to see if you are getting a competitive price for the coverage you need."
"Raising your deductible can save you as much as 25% on your premium."
"Shopping around with different insurance carriers will make sure you have the best rates possible."
Episode references:
Insurance Information Institute: https://www.iii.org
Top Tips for The Best Car Insurance Plan: https://cheapquotesautoinsurance.com/top-tips-for-the-best-car-insurance-plan
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Episode 3013:
J. Money breaks down Mark Cuban’s no-nonsense approach to getting rich, emphasizing discipline, smart spending, and having cash ready for opportunities. Cuban warns against get-rich-quick schemes, promotes lifelong learning, and challenges conventional retirement savings by prioritizing cash liquidity over long-term stockpiling. J. Money adds his own insights, making wealth-building feel practical, strategic, and achievable.
Read along with the original article(s) here: https://www.budgetsaresexy.com/mark-cuban-how-to-get-rich/
Quotes to ponder:
"There are no shortcuts. NONE. If a deal is a great deal, they aren’t going to share it with you."
"Save as much money as you possibly can. Every penny you can. no matter what."
"It doesn’t matter what it is. Whatever your hobbies, interests, passions are, find the one you love the best and GET A JOB in the business that supports it."
Episode references:
The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
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Episode 3012:
Jen Hayes breaks down five common money habits that could be keeping you broke. From emotional spending to avoiding financial planning, these behaviors can quietly sabotage your financial health. Learn how to spot these habits and replace them with smarter choices to build long-term financial security.
Read along with the original article(s) here: https://www.jenhayes.me/5-terrible-money-habits-keeping-you-broke/
Quotes to ponder:
"Emotional spending feels good in the moment, but it can wreck your budget in the long run."
"Small daily expenses, like coffee runs and impulse buys, add up faster than you think."
"Without a plan, money disappears - it’s time to take control and tell it where to go."
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Episode 3011:
Julien Saunders challenges us to rethink common expenses, from greeting cards to kitchen gadgets, that drain resources unnecessarily. By examining these habits, he highlights the power of questioning societal norms and embracing creative alternatives to better align spending with personal values and financial goals.
Read along with the original article(s) here: https://richandregular.com/5-things-you-should-stop-wasting-money-on/
Quotes to ponder:
"Do I literally hate greeting cards? Of course not. Well, at least not as much as I hate the excuses some people make for not having enough money to save and invest."
"In a world where we can push a button on a screen and actually see someone’s face in real-time, the process of sending greeting cards seems more like a wasteful commitment to clutter and inefficiency than a heartfelt notion."
"Whether it’s finally pulling the plug on a stalled career, quitting a cash-draining hobby turned business endeavor, or realizing that we may actually never grow into our home, there are likely better decisions we could all be making with our money."
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Episode 3010:
Zoe Kim’s insight into minimalism explores how simplifying your life can lead to greater clarity, purpose, and emotional well-being. Through her thoughtful perspective, she demonstrates how owning and wanting less creates space for what truly matters.
Read along with the original article(s) here: https://nosidebar.com/life-of-minimalism/
Quotes to ponder:
"A minimalist life removes the distractions of excess to make room for more important pursuits."
"Simplicity isn’t about deprivation; it’s about intention and clarity."
"Owning less is great, but wanting less is even better."
Episode references:
Becoming Minimalist Blog: https://www.becomingminimalist.com
Simplify Magazine: https://simplifymagazine.com
The Minimalist Home: https://www.amazon.com/Minimalist-Home-Room-Room-Decluttered/dp/1601427999
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Episode 3009:
Chris of KeepThrifty.com explores the trade-offs between prepaying your mortgage and investing, emphasizing the role of risk tolerance and personal preferences. While investing often yields higher returns, the guaranteed stability of prepayments can bring peace of mind, especially for those who value financial certainty over potential gains.
Read along with the original article(s) here: https://www.keepthrifty.com/2016/06/05/prepay-vs-invest.html
Quotes to ponder:
"Much of our momentum on paying the mortgage down can be attributed to the prepayments we’ve made along the way."
"For my risk-profile, the relative downside (pain) of losing $33,000 is more impactful than the relative upside (gain) of getting $55,000."
"Before you make any major financial decision, do the math and know your mentality!"
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Episode 3008:
Sam from Financial Samurai explores the consequences of closing credit cards, sharing personal insights and practical advice to safeguard your credit score and financial health. By understanding key factors like credit history, credit line usage, and account management, you can make informed decisions about whether to keep or close your credit cards.
Read along with the original article(s) here: https://www.financialsamurai.com/should-i-close-out-my-credit-cards/
Quotes to ponder:
"To build a good credit score, you need to prove you can handle credit!"
"If a credit card doesn’t have an annual fee, I see little reason to close it unless, of course, you think it will tempt you to overspend."
"Work on kicking your addictive habits first, before using a credit card."
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Episode 3007:
Explore the advantages of setting up a family trust to secure your assets, streamline estate planning, and ensure your legacy is protected. This guide highlights the steps, benefits, and key considerations to help you decide if a family trust aligns with your financial goals.
Read along with the original article(s) here: https://www.goodfinancialcents.com/family-trust-benefits-setting-up-trust/
Quotes to ponder:
"A family trust can offer a combination of asset protection and peace of mind for generations."
"Setting up a trust isn't just for the wealthy; it's for anyone who wants their assets managed with care and foresight."
"A trust simplifies estate management, making it easier for your loved ones to focus on what truly matters."
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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 3006:
ESI from ESIMoney.com breaks down the transformative power of investing, the third step in the "Earn, Save, Invest" wealth-building strategy. By focusing on amount, time, and return, investments compound to multiply your net worth over time. With insights into index funds, real estate, and more, this guide simplifies how to grow wealth efficiently.
Read along with the original article(s) here: https://esimoney.com/invest-overview-fueling-your-net-worth/
Quotes to ponder:
"Time is the best way to maximize your investment return because your money starts to make money. And then that money starts making money."
"Investing is the step that supercharges your net worth and opens the door to high levels of wealth."
"Done well, your net worth will shoot to the moon."
Episode references:
The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
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