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 2684:
Kumiko of TheBudgetMom.com tackles the common dilemma of whether to close a credit card after paying it off. She weighs the pros, like avoiding temptation and minimizing fees, against the cons, such as the potential negative impact on your credit score. Her conclusion is nuanced, advocating for keeping the account open under certain conditions, especially when planning significant financial moves like buying a house.
Read along with the original article(s) here: https://www.thebudgetmom.com/should-you-cancel-your-credit-card-after-paying-it-off/
Quotes to ponder:
"The number one reason most people choose to close their credit cards is to avoid temptation."
"If your credit card is charging you fees, you should think about closing it."
"Closing a credit card account can hurt you if you are attempting to get a mortgage."
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2684: Should You Cancel Your Credit Card After Paying It Off by Kumiko of The Budget Mom on Frugality

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 2711:
Dive into the insightful strategies Miranda Marquit shares in "3 Early Retirement Planning Ideas" to fast-track your path to financial independence. Explore practical steps like disciplined saving and investing, creating multiple income streams, and embracing mini-retirements to retire earlier than you might expect.
Read along with the original article(s) here: https://www.goodfinancialcents.com/3-early-retirement-planning-ideas/
Quotes to ponder:
"Disciplined investing involves considering how much you need in your portfolio to create an income stream you can live off of."
"Start cultivating multiple income streams now, so they are established and mostly automatic by the time you are ready for early retirement."
"If you want to enjoy life now and aren't concerned about having a huge chunk of time to try and kill when you are older, you can plan to take mini-retirements."
Episode references:
The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357
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2711: 3 Early Retirement Planning Ideas by Miranda Marquit of Good Financial Cents on Financial Independence

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 2710:
JD Roth of GetRichSlowly.org introduces the Balanced Money Formula by Elizabeth Warren and Amelia Tyagi, providing an innovative approach to managing personal finances without a traditional budget. Roth explores how simplifying budgeting into three categories - Needs, Wants, and Savings - can help achieve financial equilibrium and reduce stress about money management.
Read along with the original article(s) here: https://www.getrichslowly.org/the-balanced-money-formula/
Quotes to ponder:
"When your money is in balance, you always have enough to pay your bills, have some fun, and save for your dreams. And here is the best part of all. Once your money is in balance, you can stop worrying about it."
“You can spend your Wants money on anything that strikes your fancy, so long as you stay within 30% of your income.”
“You certainly won't get into trouble spending like this on Wants. Even so, you should ask yourself - are you making enough room for fun?”
Episode references:
All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren and Amelia Tyagi: https://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888
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2710: The Balanced Money Formula by JD Roth of Get Rich Slowly on Personal Finance Habits

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

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 2708:
Unlock the secret to your financial potential with John Assaraf’s insights from "Does Your Brain Predict Your Financial Success?" Discover how your brain’s inherent patterns and hidden self-image could be influencing your income levels and what you can do to alter these neural pathways for a more prosperous future.
Read along with the original article(s) here: https://blog.myneurogym.com/your-brain-predicts-your-financial-success
Quotes to ponder:
"There’s a little part of your brain that actually predicts how much you will earn in the future. It’s called the 'frontostriatal pathway'."
"Visualization is a fantastic small change to make in your thinking. If you imagine yourself after you achieved the success you want, you activate the motivation centers in the brain."
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2708: Does Your Brain Predict Your Financial Success by John Assaraf of My Neurogym

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 2707:
In "The Best Time of Year to Buy Many Items," Andrea Joy of SavingJoyfully.com guides us through the calendar year, pinpointing the optimal times to make key purchases - from electronics to gym memberships. This episode uncovers how strategic timing can yield significant savings and help manage household budgets more effectively.
Read along with the original article(s) here: https://savingjoyfully.com/blog/the-best-time-of-year-to-buy-many-items
Quotes to ponder:
"Being willing to wait until certain times of year to buy things can be helpful for those purchases that aren’t true 'must haves.'"
"Fitness equipment is a great idea at the beginning of the year because many stores are running sales."
"Chocolate is a great price this time of year especially after Valentine's Day is over with all the sales to sell the leftover Valentine’s goodies."
Episode references:
The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808
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2684: Should You Cancel Your Credit Card After Paying It Off by Kumiko of The Budget Mom on Frugality

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