3140: A Different Way of Looking at Spending by J. Money of Budgets Are Sexy on Mindful Consumption
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 3140:
J. Money invites readers to transform everyday spending into acts of conscious support by reframing expenses as contributions to the people, businesses, and causes we value. This mindset shift turns ordinary transactions into opportunities for connection, empowerment, and gratitude, making each dollar feel more intentional and meaningful.
Read along with the original article(s) here: https://www.budgetsaresexy.com/supporting-vs-spending-money/
Quotes to ponder:
"To them, it wasn’t about the 'cost', but more about the love of the hobby and wanting to support it however they can."
"It’s spending, but it’s also very much supporting."
"Think about everyone you’re supporting with each transaction you make, and see if it changes anything."
Episode references:
516 Project: https://516project.org
The Sundara Fund: https://www.sundarafund.org
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10:08
3139: Want to Be a Better Investor? Stop Staring at Your Portfolio by Vitaliy Katsenelson on Building Wealth
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 3139:
Vitaliy Katsenelson argues that obsessively monitoring your portfolio can lead to emotional decision-making and worse investment outcomes. Instead, he urges investors to zoom out, think long term, and treat investing more like watching paint dry, boring, but ultimately rewarding.
Read along with the original article(s) here: https://contrarianedge.com/want-to-be-a-better-investor-stop-staring-at-your-portfolio/
Quotes to ponder:
"Most of the mistakes I’ve made as an investor happened when I got too close to the action."
"Stocks are not pieces of paper that wiggle up and down on a computer screen. They are partial ownerships of businesses."
"Watching your portfolio too closely is like watching paint dry, it makes time slow down and tempts you to act when you shouldn’t."
Episode references:
Fooled by Randomness: https://www.amazon.com/Fooled-Randomness-Hidden-Chance-Markets/dp/0812975219
Meditations: https://www.amazon.com/Meditations-New-Translation-Marcus-Aurelius/dp/0812968255
The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661
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12:23
3138: Giving Up the Lottery Fantasy by Chris Guillebeau on How to Build A Life Rooted in Purpose and Autonomy
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 3138:
Chris Guillebeau reflects on the allure of the lottery fantasy and shares why he’s chosen to let it go for good. Instead of hoping for sudden wealth, he champions the satisfaction of building a life rooted in purpose, autonomy, and earned success, an empowering reminder to create the life we want, rather than wish for it.
Read along with the original article(s) here: https://chrisguillebeau.com/giving-up-the-lottery-fantasy/
Quotes to ponder:
"I am thrilled with the life I am building. I do not want the state of Washington, or any other government entity, to give me my ticket to happiness. I want to earn it."
"My decision is that I don’t want the money-for-nothing; I want to create my own happiness and my own amazing life."
"What if life was what you want it to be because you made it that way? What would you do then?"
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10:50
3137: Preferred vs Common Stocks: How Do They Differ by Amy Blacklock and Vicki Cook with Women Who Money
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 3137:
Amy Blacklock and Vicki Cook explain the key differences between common and preferred stocks, offering clarity on how each type fits distinct investment goals. While common stocks offer growth and voting rights, preferred stocks provide consistent income and greater claim to assets, making it crucial to align your choice with your financial strategy.
Read along with the original article(s) here: https://womenwhomoney.com/preferred-vs-common-stock/
Quotes to ponder:
"A share of common stock represents one share of ownership in the underlying corporation."
"The dividend yield can be calculated by simply dividing the dollar value of the dividend by the current stock price, times 100 for the percentage."
"Preferred stockholders get preference over common stock shareholders during distribution of profits or corporate liquidation of funds."
Episode references:
Standard & Poor’s: https://www.spglobal.com/ratings/en/
Moody’s: https://www.moodys.com/
Fitch Ratings: https://www.fitchratings.com/
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13:59
3136: Bankruptcy and Debt: You Can Come Out Stronger in the End by Tracie with Jackie Beck
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 3136:
Tracie shares her deeply personal journey from bankruptcy to financial freedom, offering a raw, relatable look at the emotional toll of debt and the power of persistence. By embracing budgeting, ditching credit cards, and staying committed alongside her husband, she proves that it's possible to come back stronger, wiser, and debt-free.
Read along with the original article(s) here: https://www.jackiebeck.com/bankruptcy-and-debt-you-can-come-out-stronger-in-the-end/
Quotes to ponder:
"There really can be a light at the end of the tunnel (no matter how long that tunnel might be)."
"This time around I did it the RIGHT way. I didn’t just run from my debt. I faced it head on - with my husband."
"When you do not have debt, your money is all yours."
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About Optimal Finance Daily - Financial Independence and Money Advice
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.
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