Optimal Finance Daily - Financial Independence and Money Advice

Kevin of Financial Panther tells you what to do if you're young and have a high income

Episode 1744: If You Are Young And Have A High Income: Treat It As A Windfall by Kevin of Financial Panther on Savings Rate

Kevin is an attorney, writer, gig economy expert, side hustler, and the blogger behind Financial Panther. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer. He started Financial Panther to share all he knows about personal finance, travel hacking, and making more money by side hustling.

The original post is located here: https://financialpanther.com/treat-high-income-as-a-windfall/ 

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Marc Chernoff of Marc and Angel shares 11 practical ways to spend your money

Episode 1743: 11 Practical Ways to Spend Your Money by Marc Chernoff of Marc And Angel on Spending Wisely & Debt Repayment

Marc and Angel Chernoff are professional coaches, full-time students of life, admirers of the human spirit, and have been recognized by Forbes as having “one of the most popular personal development blogs.” Through their blog, book, course and coaching, they’ve spent the past decade writing about and teaching proven strategies for finding lasting happiness, success, love and peace.

The site has attracted over 100 million page views and 100 thousand subscribers since its inception in 2006.

Their first book, “1,000 Little Things Happy, Successful People Do Differently“ is a focused collection of short, concise tips and reflections on the little things that make a huge difference in our daily lives. It’s available online at: marcandangel.com/book and on Amazon.

The original post is located here: https://www.marcandangel.com/2008/02/20/11-practical-ways-to-spend-your-money/ 

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ESI of ESI Money provides lessons from millionaires

Episode 1742: Lessons from Millionaires by ESI of ESI Money on The Millionaire Next Door & Saving & Investing

ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there.

The original post is located here: https://esimoney.com/lessons-from-millionaires/ 

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FIRECracker of Millennial Revolution tells you how to live life with no regrets

Episode 1741: How to Live Life with No Regrets by FIRECracker of Millennial-Revolution on Common Regrets of the Dying

FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.

The original post is located here: https://www.millennial-revolution.com/freedom/live-life-no-regrets/ 

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Michelle Schroeder-Gardner of Making Sense of Cents warns you of 7 expenses to never put on your credit card

Episode 1740: 7 Expenses To Never Put On A Credit Card by Michelle Schroeder-Gardner of Making Sense of Cents

Michelle Schroeder-Gardner created Making Sense of Cents in order to help improve her own finances. With diligence, she was able to pay off $38,000 in student debt in 7 months, kept track of progress, and helped readers along the way. She's currently touring North America and living out of an RV. You can learn more about her and see her monthly income reports at MakingSenseOfCents.com.

The original post is located here: https://www.makingsenseofcents.com/2015/11/expenses-to-never-put-on-a-credit-card-finance-furniture.html 

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Andy Hill talks about why increasing your income won't solve your financial problems

Episode 1739: Why Increasing Your Income Won't Solve Your Financial Problems by Andy Hill of Marriage, Kids and Money

Andy Hill is a husband and father to two awesome (and crazy) kids and they hail from the great state of Michigan. His goal is to give his family the best life possible and strengthen their family tree for generations to come.

In 2016, he got so geeked about this topic of young family finance that he decided to start a blog and podcast about it. It began as a hobby and then morphed into a fun side hustle when people started to enjoy the information he was sharing. Fast forward to today, he’s left his corporate event marketing career behind and is now a full-time blogger and podcaster who has been featured in major media outlets like CNBC, Kiplinger’s Personal Finance and NBC News

The original post is located here: https://marriagekidsandmoney.com/why-increasing-your-income-wont-solve-your-financial-problems 

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Sean Mullaney of FI Tax Guy talks about 2021 year-end tax planning. This is part 2 of 2.

Episode 1738: [Part 2] 2021 Year-End Tax Planning by Sean Mullaney of FI Tax Guy on Roth IRA vs. Traditional IRA

Sean Mullaney is a financial planner and the President of Mullaney Financial & Tax, Inc. Mullaney Financial & Tax, Inc. offers fiduciary, fee-only, hourly, and advice-only financial planning.

Sean established Mullaney Financial & Tax, Inc. after a lengthy career in public accounting. He worked in the tax departments of both Deloitte & Touche and PwC, including over 6 years in PwC’s Washington National Tax Services practice.

Sean is a Certified Public Accountant licensed in California and Virginia. He is a member of the American Institute of Certified Public Accountants and an associate member of the National Association of Personal Financial Advisors. Sean has degrees in accounting, law, and taxation and a certificate in financial planning. 

The original post is located here: https://fitaxguy.com/2021-year-end-tax-planning/ 

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Sean Mullaney of FI Tax Guy talks about 2021 year-end tax planning. This is part 1 of 2.

Episode 1737: [Part 1] 2021 Year-End Tax Planning by Sean Mullaney of FI Tax Guy on Roth IRA vs. Traditional IRA

Sean Mullaney is a financial planner and the President of Mullaney Financial & Tax, Inc. Mullaney Financial & Tax, Inc. offers fiduciary, fee-only, hourly, and advice-only financial planning.

Sean established Mullaney Financial & Tax, Inc. after a lengthy career in public accounting. He worked in the tax departments of both Deloitte & Touche and PwC, including over 6 years in PwC’s Washington National Tax Services practice.

Sean is a Certified Public Accountant licensed in California and Virginia. He is a member of the American Institute of Certified Public Accountants and an associate member of the National Association of Personal Financial Advisors. Sean has degrees in accounting, law, and taxation and a certificate in financial planning. 

The original post is located here: https://fitaxguy.com/2021-year-end-tax-planning/ 

 Visit Me Online at OLDPodcast.com

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Darrow Kirkpatrick of Can I Retire Yet shares the difference between luxury and essential.

Episode 1736: Luxury or Essential by Darrow Kirkpatrick of Can I Retire Yet on Being Financially Independent & FIRE

Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience.

When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did.

More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design.

The original post is located here: https://www.caniretireyet.com/luxury-or-essential

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Lisa Harrison of Mad Money Monster talks about why your relationships are more important than money

Episode 1735: Why Your Relationships Are More Important Than Money by Lisa Harrison of Mad Money Monster

Lisa is a mother, scientist, and financial enthusiast. She founded Mad Money Monster, a personal finance blog chronicling her and her family’s journey from doing money all wrong to doing it all right.

She and her husband are known as Mr. & Mrs. Mad Money Monster on the site. They pride themselves as being Gen-Xers who have turned it all around and are now charting a course toward financial independence.

The original post is located here: https://madmoneymonster.com/2018/05/29/why-your-relationships-are-way-more-important-than-money/ 

 Visit Me Online at OLDPodcast.com

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