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 2709:
Explore a myriad of low-cost yet enchanting date ideas in Leo Babauta's article "Cheap But Great Dates." Babauta shares inventive and budget-friendly dating strategies from picnics at sunset to old movie marathons, proving that romance doesn't have to be expensive. His practical advice offers a creative twist on making memorable moments without breaking the bank.
Read along with the original article(s) here: https://zenhabits.net/cheap-but-great-dates/
Quotes to ponder:
"Watch meteors: Get a blanket and look up at the stars. It’s best if there’s a meteor shower - shooting stars are magical. Otherwise, learn a few constellations and point them out to her. Ponder the mysteries of the universe."
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2709: Cheap But Great Dates by Leo Babauta of Zen Habits on Romantic Dates  Budget-Friendly Dating

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 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 financial tips; it’s a daily companion that guides you towards financial freedom and savvy money management, all delivered with Diania's trademark enthusiasm and expertise.

Listen now, and become an OLD friend--your optimal life awaits...

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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 2729:
Jeremy Jacobson delves into the versatility and everyday impact of money's fungibility in his enlightening article "Money is Fungible." He explores the practical implications of money's interchangeable nature through relatable scenarios ranging from handling coins to managing finances for early retirement. Jacobson's insights help simplify complex financial decisions, reinforcing the principle that every dollar holds the same value.
Read along with the original article(s) here: https://www.gocurrycracker.com/money-is-fungible/
Quotes to ponder:
"Money is fungible, meaning no dollar is unique or special and they are all fully interchangeable."
"A dollar is a dollar if you ignore the social ramifications."
"I’d pay off the credit card debt with the emergency fund. Should an emergency arise before replenishing the savings, the zero-balance credit card IS the emergency fund."
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2729: Money is Fungible by Jeremy Jacobson of Go Curry Cracker on Building Wealth  Retirement

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 2728:
Explore how to safeguard your retirement against uncertainties with Kathleen Coxwell’s insights on NewRetirement.com. Discover why a robust Plan B, possibly your own home equity, could be the key to a worry-free retirement. Learn from financial experts about effective fallback strategies, including reverse mortgages, to ensure financial stability no matter what life throws your way.
Read along with the original article(s) here: https://www.newretirement.com/retirement/does-your-retirement-need-a-plan-b/
Quotes to ponder:
"A good retirement plan involves sufficient savings, strategies for spending, drawing from IRAs, taxation and health care. But there also needs to be a contingency plan, just in case the initial plan you set forth goes awry."
"Having a Plan B is all about securing an income stream to sustain you in retirement. And while payments through Social Security, pensions or products like annuities can offer guaranteed protection, so can tapping home equity."
"It’s a good thing to have that reverse mortgage line of credit open. It’s there if you need it, and it makes a lot of sense to have that credit line open for emergencies as a Plan B that’s waiting in the wings."
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2728: Does Your Retirement Need a Plan B? by Kathleen Coxwell of New Retirement on Reverse Mortgage

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 2727:
Discover Liz Davidson's fresh perspective on balancing frugality and practicality in her latest article on Frugalwoods.com. Liz shares a candid look at why she chooses disposable diapers over cloth for Babywoods, despite their frugal lifestyle. This reflective piece explores the broader implications of knowing and respecting personal limits, making it a must-read for anyone seeking a sustainable approach to frugal living.
Read along with the original article(s) here: https://www.frugalwoods.com/2016/02/01/every-once-in-awhile-were-less-frugal/
Quotes to ponder:
"Knowing our limits is a crucial element of our successful and joyful frugal existence."
"In order to be a (relatively) peaceful, sane person I need time, space, and wine - I mean yoga."
"Living a luxuriously frugal life is all about knowing what you can frugalize happily and what will make you downright frustrated to frugalize."
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2727: Every Once In A While, We’re Less Frugal by Liz Davidson of Frugalwoods on Frugality  Saving 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 2726:
Erik Carter of FinancialFinesse.com explains often overlooked aspects of financial planning, beyond the basics of debt, savings, and retirement. He highlights critical but commonly neglected areas such as life insurance, investment diversification, umbrella liability insurance, long-term care insurance, and estate planning, illustrating how being proactive in these areas can safeguard your financial future.
Read along with the original article(s) here: https://www.financialfinesse.com/2013/02/21/whats-probably-missing-from-your-financial-plan/
Quotes to ponder:
"Too often, people just have whatever their employer provides to them, which is usually equal to their salary. The bad news is that if you need to provide income to dependents, this won’t be enough."
"One of the biggest investment mistakes I see is having too much in company stock."
"Just as we don’t like to think about death, we don’t like to think about having to spend time in a nursing home someday. But if we live until age 65, the odds are more likely than not of needing long-term care at some point in our lives."
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2726: What’s Probably Missing From Your Financial Plan by Erik Carter of Financial Finesse

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 2725:
Explore the profound impact of cognitive biases on our decision-making processes, especially in high-stakes scenarios like financial investments. This episode, inspired by a Mad Fientist article, delves into everyday examples and psychological experiments that reveal our subconscious preferences for risk over certainty, influenced by how choices are framed.
Read along with the original article(s) here: https://www.madfientist.com/cognitive-bias/
Quotes to ponder:
"If the problem is framed as a loss, as it is in the island #1 scenario, we become risk-seeking."
"Your brain is useful when setting up an investment plan but it’s not useful when you execute that plan."
Episode references:
The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
Predictably Irrational by Dan Ariely: https://www.amazon.com/Predictably-Irrational-Revised-Expanded-Decisions/dp/0061353248
You Are Not So Smart by David McRaney: https://www.amazon.com/You-Are-Not-So-Smart/dp/1592407366
Thinking, Fast and Slow by Daniel Kahneman: https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555
Sources of Power: How People Make Decisions by Gary Klein: https://www.amazon.com/Sources-Power-People-Make-Decisions/dp/0262611465
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2709: Cheap But Great Dates by Leo Babauta of Zen Habits on Romantic Dates Budget-Friendly Dating

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