Optimal Finance Daily - Financial Independence and Money Advice
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Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone.
Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals.
This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future.
Listen now, and become an OLD friend--your optimal life awaits...
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Episode 3339:
Darrow Kirkpatrick challenges conventional retirement advice by showing how a taxable account, when optimized for capital gains and held by low-bracket retirees, can rival the performance of tax-free retirement accounts. His simulations reveal the surprising tax efficiency of these investments, emphasizing the importance of income smoothing and smart asset placement over simply following standard saving strategies.
Read along with the original article(s) here: https://www.caniretireyet.com/surprising-contender-for-tax-efficient-retirement-saving/
Quotes to ponder:
"One secret to successful retirement saving, in addition to getting started, is to avoid paying taxes, especially in high income tax brackets."
"Owning capital-gains-generating securities as much as possible in your taxable accounts can pay off big-time over the long haul, especially if you live in the lower tax brackets."
"While most taxable accounts can’t outperform the average tax-free account, they do have one clear advantage: far fewer rules about what you can and can’t do with your money!"
Episode references:
How to Access Retirement Funds Early: https://www.madfientist.com/how-to-access-retirement-funds-early/
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Episode 3338:
Rachel Trotta explores how quality sleep is an often-overlooked pillar of sustainable weight loss, showing how it impacts everything from hunger hormones to emotional decision-making. Learn why improving your sleep could be the most powerful (and underrated) strategy to reduce cravings, increase willpower, and stay consistent with healthy habits.
Read along with the original article(s) here: https://www.racheltrotta.com/self-improvement/benefits-of-sleep-for-weight-loss/
Quotes to ponder:
"Sleep plays a powerful role in setting us up for success with our healthy habits, like food choices and exercise."
"Even a small amount of sleep deprivation can lead to big increases in cravings for calorie-dense foods."
"When you’re chronically tired, your threshold for stress is lower."
Episode references:
Why We Sleep by Matthew Walker: https://www.amazon.com/Why-We-Sleep-Unlocking-Dreams/dp/1501144316
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Episode 3337:
Jessica Jokisch offers a refreshingly simple approach to managing your finances with minimal effort, showing how just 15 minutes a week can keep your money life on track. From automating bills and savings to using smart tools and outsourcing complex tasks, her lazy-but-effective system proves that financial peace doesn't require spreadsheets or stress.
Read along with the original article(s) here: https://www.christineluken.com/the-lazy-persons-guide-to-money/
Quotes to ponder:
"Use laziness in your favor to save more money!"
"Money management can feel time-consuming and overwhelming. And some money gurus make it harder than it needs to be."
"When I was first cleaning up my money, the key for me was building awareness."
Episode references:
Mint: https://mint.intuit.com
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Episode 3336:
Kumiko from The Budget Mom shares six simple, sustainable swaps that save money and reduce waste, from ditching disposable coffee filters to upgrading everyday items like paper towels and plastic bags. Her practical approach proves that small, intentional changes can add up to big savings without sacrificing convenience or comfort.
Read along with the original article(s) here: https://www.thebudgetmom.com/6-reusable-products-that-save-me-money/
Quotes to ponder:
"Some stores will charge you for grocery bags, so bringing your own could help you avoid this cost."
"Less drying time equals more money saved on my utility bill."
"I no longer buy plastic water bottles. Instead, I went online and bought a Brita Pitcher for less than $28."
Episode references:
Brita Pitcher: https://www.brita.com/water-pitchers/
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Episode 3335:
Kathleen Coxwell uses the humble pumpkin pie as a brilliant metaphor to demystify financial planning, showing that lasting financial success doesn't require complexity, just the right ingredients and thoughtful preparation. With relatable analogies and practical tips, she emphasizes budgeting, investing, managing debt, and aligning money with your values to create a future that’s both secure and meaningful.
Read along with the original article(s) here: https://www.newretirement.com/retirement/recipe-for-financial-success/
Quotes to ponder:
"Your financial goals don’t have to look like anyone else’s, the important part is having a goal and a goal that makes you happy."
"Money can buy happiness, especially when you spend to accomplish what is important to you."
"For financial success, you will want to have back up plans in place for the things that are likely to go wrong."
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Episode 3334:
Jackie Beck shares a powerful mindset shift that can accelerate your debt repayment: treat everything as negotiable. By questioning every expense and experimenting with voluntary frugality, you’ll not only trim costs but also gain freedom and control over your financial life without feeling deprived.
Read along with the original article(s) here: https://www.jackiebeck.com/debt-repayment-speed-up/
Quotes to ponder:
"Every little bit helps."
"When you look for things to change about your lifestyle, start with the idea that literally everything is up for grabs."
“Make a list of the things you enjoy or use on a regular basis that you spend money on.”
Episode references:
The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808
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Episode 3333:
Vicki Cook and Amy Blacklock break down what really happens if you die without a will, highlighting how state laws, not your loved ones, could dictate who inherits your assets. From risking your partner being excluded to losing control over your children’s guardianship, they explain why creating and updating a will is essential for protecting your legacy and easing the burden on those you leave behind.
Read along with the original article(s) here: https://womenwhomoney.com/die-without-creating-will/
Quotes to ponder:
"A will is an essential part of building a solid financial house and you'll likely need one to protect your assets and your loved ones."
"When in doubt, seek legal advice to make sure your will is valid and you're protecting your heirs."
"Having all your stuff organized is going to be a huge help to your loved ones, who will likely need to figure this stuff out during a very emotional time."
Episode references:
RocketLawyer: https://www.rocketlawyer.com
Trust & Will: https://trustandwill.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 3332:
Kristin Wong explores how insecurity and societal expectations can limit women's financial growth and confidence, especially in negotiating and investing. Drawing from research and personal experience, she emphasizes the transformative power of financial knowledge, self-advocacy, and challenging gender norms to build lasting wealth and independence.
Read along with the original article(s) here: https://www.getrichslowly.org/women-insecurity-and-money-overcoming-the-confidence-gap/
Quotes to ponder:
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence."
"I had a high tolerance for low pay, and it didn't do me any favors."
Episode references:
Secrets of Six-Figure Women: https://www.amazon.com/Secrets-Six-Figure-Women-Strategies-Earning/dp/0060933461
First Round 10 Year Project: https://10years.firstround.com/
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1Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3331:
FIRECracker challenges the conventional wisdom that owning is always better than renting by sharing a personal story of how car-sharing saved thousands and reduced stress after a nasty accident with a white van. With sharp humor and financial insight, she makes a compelling case that renting both cars and homes can lead to greater freedom, fewer surprises, and accelerated wealth building, especially in high-cost cities.
Read along with the original article(s) here: https://jlcollinsnh.com/2016/10/21/buy-your-freedom-rent-the-rest/
Quotes to ponder:
"Renting lets you get ahead, because you don’t need to take the financial risk to maintain a physical asset."
"The costs of owning are WAY higher than people think, and the worst part of these expenses are they are often unexpected."
"Stress free and predictable. That’s the key to freedom."
Episode references:
Enterprise CarShare: https://www.enterprisecarshare.com
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Episode 3330:
Rose Lounsbury explores how the presence of open space, not exotic vacations or minimalist fantasies, brings real peace to our everyday lives. Through her journey from insomnia and stress to clarity and calm, she reveals how decluttering our surroundings can unlock a deeper sense of freedom, presence, and restfulness.
Read along with the original article(s) here: https://roselounsbury.com/joy-of-open-space/
Quotes to ponder:
“There is something in all of us that attracts us to open spaces.”
“Imagine yourself in your ideal environment. Got an image? Good. Now, create it.”
“Vacation is not just a break from our daily routines, it is often a break from the overwhelming stress of our stuff.”
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Episode 3329:
Jess Chua’s unexpected battle with adult acne became a surprising teacher in frugality and intentional living. Her journey away from expensive, overhyped skincare routines toward minimalist, research-backed self-care reveals how challenges can prompt deeper awareness around consumerism, budgeting, and self-trust.
Read along with the original article(s) here: https://budgetsaresexy.com/how-acne-made-me-more-frugal/
Quotes to ponder:
"Sometimes, you don’t get what you pay for."
"The concept of 'less is more' frees you up to focus on the things that matter even more."
"When it came to potential purchases, I would keep asking myself: 'Is this something I really need?'"
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Episode 3328:
Scott Spann outlines a straightforward estate planning checklist that empowers you to make proactive decisions, no matter your age, income, or family status. From organizing documents and setting clear goals to naming beneficiaries and creating essential legal directives, this guide helps ensure your wishes are honored and your loved ones are spared unnecessary stress during difficult times.
Read along with the original article(s) here: https://www.financialfinesse.com/2013/06/17/a-simple-estate-planning-checklist-for-a-challenging-topic/
Quotes to ponder:
"Discussing your intentions in advance can help avoid family conflicts and also minimize the potential for any confusion or questions regarding your true intentions."
"If you have a plan in place but nobody is aware of it, then your wishes may be ignored or there may be significant delays in figuring out your desires."
"Life will undoubtedly throw a curve ball or two our way so it’s essential to review and adapt our plans as necessary."
Episode references:
Life Happens: https://lifehappens.org/
LegalZoom: https://www.legalzoom.com/
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![3327: [Part 2] Your Aging Car: Repair or Replace? By Philip Taylor of PT Money on Making Smart Car Decisions](https://megaphone.imgix.net/podcasts/09fdf344-aa6a-11f0-b3c6-0f6d8c22cb3e/image/26e849a9369419ae9101e7823ba8de83.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress "3327: [Part 2] Your Aging Car: Repair or Replace? By Philip Taylor of PT Money on Making Smart Car Decisions")
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 3327:
Philip Taylor outlines smart strategies to avoid the car loan debt trap, including paying cash for your next vehicle, refinancing through local credit unions, and leveraging side income to accelerate debt payoff. He emphasizes the long-term financial gains of keeping your car longer, selling unused items, and using high-yield savings accounts to prepare for future purchases.
Read along with the original article(s) here: https://ptmoney.com/repair-or-replace-car/
Quotes to ponder:
"A car is an asset, but unlike a home which tends to increase in value, a car loses value the minute you drive it off the lot!"
"If you’re in a situation where you still owe money on your car, see if you can refinance the debt through a local bank or credit union."
"You know you’ll need to replace your vehicle eventually, so the wise choice is to save up now."
Episode references:
Gabi Insurance: https://www.gabi.com/
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![3326: [Part 1] Your Aging Car: Repair or Replace? By Philip Taylor of PT Money on Making Smart Car Decisions](https://megaphone.imgix.net/podcasts/6085f370-aa69-11f0-9719-7ff37026c2c7/image/0940ef6babc866f1234fe5513c1fe939.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress "3326: [Part 1] Your Aging Car: Repair or Replace? By Philip Taylor of PT Money on Making Smart Car Decisions")
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 3326:
Philip Taylor breaks down the financial and emotional dilemma of whether to repair or replace an aging car, guiding you through five practical questions to assess safety, cost, and long-term value. His thoughtful analysis, paired with an inspiring story of a car-free lifestyle, offers a fresh perspective on what smart, frugal vehicle ownership can really look like.
Read along with the original article(s) here: https://ptmoney.com/repair-or-replace-car/
Quotes to ponder:
"Is your vehicle spending more time in the shop than in your driveway?"
"Even if the safety standards are up to par, reliability can be a big issue with older cars."
"Before you agree to any work done on your car, get an estimate in writing."
Episode references:
Consumer Reports: https://www.consumerreports.org/cars
Enterprise Plus Rewards Program: https://www.enterprise.com/en/loyalty.html
Edmunds Car Value Tool: https://www.edmunds.com/appraisal
Kelley Blue Book: https://www.kbb.com
ZipCar: https://www.zipcar.com
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Episode 3325:
Mr. Finer breaks down the subtle yet powerful trap of lifestyle inflation, showing how incremental upgrades in spending can quietly sabotage financial independence. By focusing on maximizing happiness and utility instead of status, he offers clear strategies to recognize and resist the pressure to constantly "upgrade" your life.
Read along with the original article(s) here: https://mrfiner.com/why-lifestyle-inflation-is-harmful-and-how-to-avoid-it/
Quotes to ponder:
“There is enough to meet everyone’s needs but not enough to meet everyone’s greed!”
“Lifestyle inflation is like a hole in a tire. You can pump in air, but the tire will not get full until the hole is plugged.”
“Maximize for happiness, not for status.”
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Episode 3324:
Nick Maggiulli explores how the personal finance world is shifting from emotional storytelling and appeals to authority toward logic-driven, evidence-based insights. By comparing this evolution to the transformation seen in martial arts through the rise of the UFC, Maggiulli shows why data, not dogma, is now winning hearts, and portfolios.
Read along with the original article(s) here: https://ofdollarsanddata.com/the-triumph-of-logos/
Quotes to ponder:
"Old, flawed ways of thinking will be pushed out by new data and evidence."
"It’s the feeling of knowledge that must be preserved, not the fact of it or lack thereof."
"Most millionaires don’t have huge houses, fancy cars, nor a caviar addiction."
Episode references:
Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331
The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
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Episode 3323:
Craig Stephens uses the simple act of resisting a doughnut to illustrate how self-control and delayed gratification fuel long-term financial freedom. His reflection shows that every small disciplined choice shapes a stronger mindset, greater savings, and a life built on intentional habits rather than impulse.
Read along with the original article(s) here: https://www.retirebeforedad.com/dont-eat-doughnut/
Quotes to ponder:
"Every decision we make, no matter how small, contributes to who we are and where we’re going."
"Self-control is a muscle, the more you use it, the stronger it becomes."
"Delaying gratification today gives you more choices tomorrow."
Episode references:
The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766
Marshmallow Test – Stanford University: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment
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Episode 3322:
Rachel Shanken invites readers to confront their “feelings phobia” by understanding that emotions are not threats but valuable messages from within. Through mindfulness, compassion, and gentle curiosity, she shows how embracing our emotions leads to deeper self-awareness, resilience, and emotional freedom.
Read along with the original article(s) here: https://mindbodywise.com/blog/conquering-your-feelings-phobia/
Quotes to ponder:
"Many of us have a phobia of our feelings, a fear of fully feeling our emotions."
"When we resist what we feel, our emotions intensify, linger, or show up in other ways, such as anxiety, irritability, or physical pain."
"By allowing ourselves to feel, we open the door to healing, clarity, and peace."
Episode references:
Radical Acceptance: https://www.amazon.com/Radical-Acceptance-Embracing-Yourself-Awakening/dp/0553380990
The Gifts of Imperfection: https://www.amazon.com/Gifts-Imperfection-Think-Supposed-Embrace/dp/159285849X
The Body Keeps the Score: https://www.amazon.com/Body-Keeps-Score-Healing-Trauma/dp/0143127748
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Episode 3321:
Sarah Von Bargen reveals how cutting out unnecessary purchases transforms not just your finances but your confidence, peace of mind, and relationship with your space. By aligning spending with genuine joy and values, she shows that mindful consumption can lead to greater freedom, time, and self-trust, without relying on willpower or deprivation.
Read along with the original article(s) here: https://www.yesandyes.org/2018/05/stop-buying-shit-you-dont-need.html
Quotes to ponder:
"When you stop buying things you don’t need, you have more money to buy things you do."
"When we work less, we have more time for the things that make us happy."
"When you stop buying things you don’t need, you feel better about your space."
Episode references:
The Easy Way to Quit Smoking by Allen Carr: https://www.amazon.com/Easy-Way-Stop-Smoking-Without/dp/1402718616
This Naked Mind by Annie Grace: https://www.amazon.com/This-Naked-Mind-Control-Discover/dp/0525537236
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Episode 3320:
ESI pulls back the curtain on his biggest financial missteps, from reckless early spending to investing in high-fee mutual funds and getting burned by an uninsured bank. With hard-earned humility and clear-eyed reflection, he shows that even serious money mistakes can still lead to long-term success, offering listeners a reassuring reminder that it’s never too late to turn things around.
Read along with the original article(s) here: https://esimoney.com/my-worst-money-mistakes/
Quotes to ponder:
"I had no budget and absolutely no savings. I was making a fortune after all, why did I need to save?"
"If I had loosened up a bit and been willing to accept properties with a 9% return, I’d probably have twice as many properties as I do now."
Episode references:
Beating the Street: https://www.amazon.com/Beating-Street-Peter-Lynch/dp/0671891634
Vanguard Index Funds: https://investor.vanguard.com/investment-products/mutual-funds
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Diania Merriam’s podcast simplifies financial topics like saving, investing, and early retirement. Wikipedia notes that financial literacy helps people make smarter money choices. Tools like the EMI-Calculator further support smart budgeting and financial planning. https://emi-calculator.cc/personal-loan-emi-calculator/
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I can understand both sides. On the one side, the majority of people who are good with money won't have a million dollars, and probably won't until they're in their 50s or later. That doesn't mean that their advice is worthless until they've made it. On the other side, plenty of people will give unsolicited advice on money while being terrible with it. I think what it comes down to is knowing who the advice is coming from.