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 3188:
Christine Luken dismantles common personal finance myths with empathy and clarity, showing how rigid budgets, cookie-cutter formulas, and willpower-based advice often backfire. Instead, she offers empowering alternatives like Prosperity Plans, emotional spending awareness, and habit-based strategies to help you transform your money mindset without shame or sacrifice.
Read along with the original article(s) here: https://www.christineluken.com/4-lies-money-gurus-tell-you/
Quotes to ponder:
"You don’t need a budget, BUT you do need a plan, a Prosperity Plan."
"Money management really isn’t about math; it’s emotional!"
"The payment method is rarely the problem."
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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 3187:
Paula Pant unpacks the surprising realities behind auto loans and credit scores, showing why taking on debt just to improve your credit can backfire. With clear insights into how credit scores are calculated, she explains smarter, debt-free ways to boost your score without falling into the trap of unnecessary borrowing.
Read along with the original article(s) here: https://affordanything.com/will-getting-car-loan-improve-credit-score-heck/
Quotes to ponder:
"Debt should be used to solve problems, not to game a number."
"The credit score was never designed to be a symbol of financial success."
"A credit score is a measure of how good you are at managing borrowed money, not how wealthy or financially responsible you are."
Episode references:
Annual Credit Report: https://www.annualcreditreport.com/index.action
Consumer Financial Protection Bureau - Understanding credit scores: https://www.consumerfinance.gov/ask-cfpb/what-is-a-credit-score-en-315/
MyFICO: https://www.myfico.com/credit-education/credit-scores
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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 3186:
Nick Maggiulli explores how the relentless pursuit of optimization, whether in finances, health, or daily decisions, can lead us astray from what truly matters. Using the Iowa Gambling Task as a metaphor, he reveals how life’s value often lies in its uncertainty and imperfections, urging us to prioritize meaningful progress over marginal gains.
Read along with the original article(s) here: https://ofdollarsanddata.com/why-you-shouldnt-optimize-your-life/
Quotes to ponder:
"Once you remove the uncertainties of life, you can almost always find a better option that you could have chosen instead."
"It’s optimization all the way down."
"You start to live the life of a stranger. You eat the food of someone else, wear the clothes of not-you with kids that are more attached to their nanny than to you."
Episode references:
Iowa Gambling Task (Wikipedia): https://en.wikipedia.org/wiki/Iowa_gambling_task
Ramit Sethi - I Will Teach You To Be Rich: https://www.iwillteachyoutoberich.com
The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808
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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 3185:
Michelle Schroeder-Gardner offers a practical and empowering roadmap for anyone overwhelmed by unpaid bills, emphasizing proactive steps like organizing finances, contacting creditors, and increasing income. Her guidance helps listeners reduce anxiety, avoid damaging financial consequences, and take control of their money with clarity and confidence.
Read along with the original article(s) here: https://www.makingsenseofcents.com/2016/02/what-to-do-when-you-cant-pay-your-bills.html
Quotes to ponder:
"By facing the problem, you will be able to dig yourself out of debt, get rid of late bills, and have a better grasp of your financial situation."
"You won’t know what they can do for you until you ask."
"My recommendation for the best way to pay your past bills is to work on making more money."
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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 3184:
Tynan explores the power of being unapologetically polarizing in a world that often rewards conformity. By standing firmly for your values and making deliberate, even controversial choices, you not only attract like-minded people but also unlock deeper authenticity, trust, and success.
Read along with the original article(s) here: http://tynan.com/polarizing
Quotes to ponder:
"Being polarizing means making your beliefs, preferences, and personality clear enough that people can decide whether or not they align with you."
"When you're polarizing, you're broadcasting that you stand for something and that you have the confidence to express it, even if others disagree."
"If someone disagrees with something about me, I’d much rather that be clear so that we can both move on with our lives."
Episode references:
How to Win Friends and Influence People: https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034
The War of Art: https://www.amazon.com/War-Art-Steven-Pressfield/dp/1936891026
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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 3183:
Kalen Bruce outlines how seller financing allows real estate investors to earn steady income without the headaches of being a landlord and offers an alternative path to homeownership for buyers struggling to secure traditional loans. By cutting out banks, both parties gain flexibility, but not without added risks like buyer default or balloon payments that require thoughtful planning.
Read along with the original article(s) here: https://moneyminiblog.com/make-money/seller-financing-real-estate/
Quotes to ponder:
"Seller financing is great for buyers and sellers."
"You are essentially a landlord that doesn’t have to worry about repairs and maintenance issues."
"Your interest rate will be based on several things, including your perceived risk level."
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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 3182:
Julien and Kiersten Saunders break down how they'd thoughtfully deploy a $1 million windfall, blending financial independence with generosity and smart investing. Their approach offers a grounded roadmap for anyone navigating sudden wealth, with a mix of practical financial moves, community uplift, and modest lifestyle upgrades.
Read along with the original article(s) here: https://richandregular.com/9-things-we-would-do-if-we-won-a-million-dollars-tomorrow/
Quotes to ponder:
"Pre-paying bills for a year gives you the capacity to focus on your business without having to 'think' about paying bills."
"We believe in small businesses, digital entrepreneurs, content creators, and micro-enterprises."
"Nothing fancy, just good old-fashioned putting that money to work, planting seeds for the future, solving problems with a small side of splurge."
Episode references:
Vanguard VTSAX 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 3181:
Liz from FrugalWoods explores how small frugal habits, like DIY haircuts, trigger a compounding effect that goes beyond money, boosting self-reliance, deepening relationships, and even saving time. Her take on frugality reveals how insourcing everyday tasks can lead to long-term freedom, personal growth, and a stronger sense of capability.
Read along with the original article(s) here: https://www.frugalwoods.com/2016/06/27/frugality-is-a-compounding-game/
Quotes to ponder:
"We’ve saved a combined $2,688 thus far, and will continue to save $1,032 every single year."
"Realizing that we’re capable of doing things ourselves opened a door for Mr. FW and me to start performing tons of tasks on our own."
"Rather than trying to stretch out the time between haircuts or use coupons or hunt down discounts, we simply removed this expense wholesale."
Episode references:
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 3180:
Liz of Frugalwoods lays out a powerful mindset shift: frugality isn’t about deprivation, it’s about compounding small, consistent choices into lasting financial freedom. Through relatable examples like DIY haircuts and slashing repeated monthly expenses, she shows how simplifying life can actually multiply your long-term wealth and happiness.
Read along with the original article(s) here: https://www.frugalwoods.com/2016/06/27/frugality-is-a-compounding-game/
Quotes to ponder:
"Frugality is a compounding game. Or more accurately, money is a compounding game: either it compounds in your favor if you’re saving and investing, or it compounds to your detriment in the case of debt."
"We are what we repeatedly buy. And our ultimate financial destiny is enshrined in the spending decisions we make on a daily basis."
"Hair will grow back; your money won’t."
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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 3179:
ESI reveals the unsettling truth behind many so-called financial advisors, showing how little expertise some bring to the table, and how much it could cost you. With real-world locker room eavesdropping and a compelling breakdown of AUM fees, this piece empowers you to take charge of your own finances and avoid being sold instead of served.
Read along with the original article(s) here: https://esimoney.com/financial-locker-room-talk/
Quotes to ponder:
"It’s really a sales job more than anything."
"They call me a financial advisor because it sounds better but I’m really mostly an insurance salesman."
"There’s no reason you can’t be your own money manager and be quite good at it."
Episode references:
Morningstar on Actively Managed Funds vs. Index Funds: https://www.morningstar.com/lp/active-vs-passive
Vanguard Total Stock Market Index Fund (VTSAX): 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 3178:
Robert Brokamp reflects on the personal and financial sacrifices involved in striving to be a more present and intentional parent. His candid insights reveal how prioritizing family over productivity often leads to internal conflict, but also deeper fulfillment and self-awareness.
Read along with the original article(s) here: https://www.getrichslowly.org/the-cost-of-being-a-better-parent/
Quotes to ponder:
"The cost of being a better parent isn't just financial. It's emotional. It's logistical."
"Being a better parent often means being a less 'productive' person in other areas of life."
"I feel like I'm constantly choosing between being present with my kid and being present with my work."
Episode references:
The Whole-Brain Child: https://www.amazon.com/Whole-Brain-Child-Revolutionary-Strategies-Developing/dp/0553386697
The Opposite of Spoiled: https://www.amazon.com/Opposite-Spoiled-Raising-Children-Generosity/dp/0062247018
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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 3177:
Jeremy Jacobson challenges the conventional wisdom of including home equity in retirement budgeting, emphasizing that doing so can create dangerous blind spots, especially during market downturns. By treating home equity separately and recognizing the benefits of imputed rent, retirees can protect their portfolios and maintain spending power without being forced into selling their homes or taking on unnecessary debt.
Read along with the original article(s) here: https://www.gocurrycracker.com/mortgages-home-equity-and-retirement-spending/
Quotes to ponder:
"Home equity is not included in our net worth for budgeting purposes. I plan to spend less than 4% of the remainder."
"Exclude home equity from the portfolio."
"Debt is leverage, which multiplies returns and losses."
Episode references:
Cfiresim: https://www.cfiresim.com/
Risk Parity Radio: https://www.riskparityradio.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 3176:
James Lambridis breaks down the warning signs that debt may be sabotaging your financial well-being, and why understanding your Debt-to-Income ratio is key to regaining control. He outlines clear strategies to reduce bad debt, differentiate it from good debt, and improve your overall money management for lasting financial health.
Read along with the original article(s) here: https://debtmd.com/blog/signs-you-have-too-much-debt
Quotes to ponder:
"You know your finances better than anyone, but when figuring out whether you need to lower your overall debt balances, it starts with calculating your Debt to Income Ratio (DTI)."
"Making minimum payments is the equivalent of a hamster spinning on the wheel, you will never get anywhere."
"The key to achieving your financial goals is being able to distinguish the difference between the two and having the right allocation of good debt and bad debt on your books."
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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 3175:
Christina Browning shares the powerful habits that propelled her and her husband to millionaire status and early retirement before turning 40. By mastering mindset shifts, strategic planning, debt avoidance, and conscious spending, they turned consistent daily actions into wealth-building habits that can be replicated by anyone ready to rethink their approach to money and success.
Read along with the original article(s) here: https://www.ourrichjourney.com/post/habits-that-made-us-millionaires-in-less-than-ten-years
Quotes to ponder:
"Whenever we found we wanted something, instead of shooting that desire down or making excuses for why it wasn’t practical or achievable, we figured out what exactly we could do to get there."
"Debt weighs on you, both financially and mentally."
"Make it a habit to think about how you are spending your money and how you can limit that spending in small, inconsequential ways."
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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 3174:
Kumiko from TheBudgetMom.com highlights how a meaningful budget begins long before the numbers hit the page. By asking yourself five essential questions about your goals, expenses, household support, review frequency, and how to handle setbacks, you can create a budget that truly serves your life, not just your spreadsheet. Her approach ensures your budget becomes a flexible, motivating tool for long-term financial success.
Read along with the original article(s) here: https://www.thebudgetmom.com/5-critical-questions-you-need-to-ask-yourself-before-creating-a-budget/
Quotes to ponder:
"Creating a budget simply to create one gives you the appearance that you have your financial life in order, but the hard truth is, if your budget doesn't make sense to you, you will never use it."
"Think long and hard about what your end goal is with your budget. Keep in mind that your budget should be something obtainable and realistic for you."
"The key to making your budget work is to communicate with the other members of your household."
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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 3173:
Craig Stephens explores the four types of travelers based on time and money - backpackers, vacationers, broke people, and financially independent travelers. He shares his journey from a budget traveler to someone working toward financial independence to achieve long-term, comfortable global travel without time or financial constraints. Stephens emphasizes the strategic savings and investing necessary to reach the ultimate goal: the freedom to travel anytime, anywhere, in comfort.
Read along with the original article(s) here: https://www.retirebeforedad.com/holy-grail-of-travel/
Quotes to ponder:
"Financial independence allows for travel for any period of time without the pressure to return and start or resume a career."
"Depending on level of comfort, backpackers can travel for very little money for long periods of time."
"It makes more sense from a cost perspective to fly to another part of the world and stay for two months than to take a week-long cruise."
Episode references:
Camino de Santiago: https://caminoways.com/camino-de-santiago
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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 3172:
Darrow Kirkpatrick shares practical strategies to cut expenses without sacrificing quality of life, from optimizing grocery shopping and transportation choices to cultivating better health and generosity. His advice reveals how small, mindful shifts can dramatically reduce spending and accelerate early retirement, all while enhancing personal well-being.
Read along with the original article(s) here: https://www.caniretireyet.com/8-tips-for-saving-big-and-retiring-earlier/
Quotes to ponder:
"Food is the most frequent major expense, and it is intimately tied up with health. Awareness pays dividends."
"It’s liberating to disconnect your self-image from your vehicle."
"Generously and wisely allocating resources without desperately hanging on to each dollar, is a mindset that also leads to recognizing and capitalizing on opportunities for personal prosperity."
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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 3171:
Darrow Kirkpatrick shares practical strategies to accelerate financial independence by mastering mindful spending and cutting costs in everyday life. Learn how to curb impulse buys, minimize unnecessary possessions, and tackle recurring expenses to streamline your path toward an earlier retirement without sacrificing fulfillment.
Read along with the original article(s) here: https://www.caniretireyet.com/8-tips-for-saving-big-and-retiring-earlier/
Quotes to ponder:
"Use wish lists to delay and defuse the need for instant gratification."
"When something you own creates chores on its own, get rid of it!"
"Don’t think of them as 'only an extra $50/month.' Think of them as the 300 x $50 = $15,000 that you must save to produce that income in retirement!"
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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 3170:
Steve Kamb explains how meaningful change can happen in an instant, but only if action follows insight. Drawing on experiences from Camp Nerd Fitness, he shows how small, consistent steps turn fleeting moments of motivation into lasting habits, emphasizing the shift from temporary afterglow to permanent everglow.
Read along with the original article(s) here: https://www.nerdfitness.com/blog/change-can-happen-in-an-instant-has-it-happened-to-you/
Quotes to ponder:
"Internal change can happen in an instant, but long-term change happens over time with consistent action taken."
"Specific steps and actionable decisions override brilliant but unexecuted plans."
"The toughest part is often getting started. So, make the first step so small that it’s easy to get started with it, and be okay with taking imperfect action."
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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 3169:
Jeff Rose explains how longevity insurance can safeguard retirees against outliving their savings by providing guaranteed lifetime income. By delaying payouts, these plans maximize future payments, offering a low-risk, hands-off strategy to complement traditional investments, though not without trade-offs like lower returns and upfront costs. A strategic mix of longevity insurance and market investments can create a more secure and balanced retirement income plan.
Read along with the original article(s) here: https://www.goodfinancialcents.com/longevity-insurance/
Quotes to ponder:
"You’ll need to stretch your savings over a longer period of time which can be very hard to budget."
"Longevity insurance makes sure you always have some income during retirement."
"The big advantage of longevity insurance is that it guarantees your income for life."
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