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Episodes
  • 2784: How To Retire Rich Without Lighting The World On Fire by Lisa Harrison of Mad Money Monster

    2784: How To Retire Rich Without Lighting The World On Fire by Lisa Harrison of Mad Money Monster
    Jul 5 2024
    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 2784: Lisa Harrison of MadMoneyMonster.com shares how achieving financial independence doesn't require extraordinary actions. By living below your means, increasing income, eliminating debt, and practicing frugality, you can build wealth steadily and retire rich without creating the next big thing. Read along with the original article(s) here: https://madmoneymonster.com/2018/03/26/how-to-retire-rich-without-lighting-the-world-on-fire/ Quotes to ponder: "Stop comparing yourself to The Joneses and their new BMW. In case you weren’t aware of it, The Joneses are broke." "You need to widen the gap between your income and expenses. And then buy assets with the difference." "By tweaking a few areas of your life you will set yourself apart from the crowd." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 The FIRE Movement Reddit: https://www.reddit.com/r/financialindependence/ The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices
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    10 mins
  • 2783: Is an Annuity the Worst Investment a Young Person Can Make? by Jeff Rose of Good Financial Cents

    2783: Is an Annuity the Worst Investment a Young Person Can Make? by Jeff Rose of Good Financial Cents
    Jul 4 2024
    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 2783: Jeff Rose explains why annuities, typically seen as suitable for older individuals, may not be the best investment for young people due to their limited growth potential and penalties for early withdrawal. While annuities might provide some benefits within a diversified portfolio, Rose emphasizes the superior advantages of Roth IRAs and 401(k)s for young investors. Read along with the original article(s) here: https://www.goodfinancialcents.com/should-you-buy-annuity/ Quotes to ponder: "One of the best things that my mom ever did for me as a young adult was to start an investment strategy for me." "Why does a 24-year-old need a fixed annuity? Turns out it was a very legitimate question." "If you’re young and don’t mind some fluctuation in your investments, it’s hard for me to make the case that an annuity makes sense." Learn more about your ad choices. Visit megaphone.fm/adchoices
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    11 mins
  • 2782: What is Wealth? by Ashley Kipp with Get Rich Slowly on Saving Money & Personal Finance

    2782: What is Wealth? by Ashley Kipp with Get Rich Slowly on Saving Money & Personal Finance
    Jul 3 2024
    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 2782: Ashley Kipp's insightful exploration of wealth challenges the conventional focus on material possessions and financial assets, urging us to recognize and appreciate the abundant, non-monetary sources of wealth in our lives. From health and home to friendships and spirit, this redefinition enriches our understanding of true prosperity and fulfillment. Read along with the original article(s) here: https://www.getrichslowly.org/what-is-wealth/ Quotes to ponder: "Wealth can be and is so much more than for what our basic thought process allows." "My heart feels full. That, to me, is worth far more than anything that any sort of money can give me." "Better to lose count while naming your blessings than to lose your blessings counting your troubles." Learn more about your ad choices. Visit megaphone.fm/adchoices
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    10 mins

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