Podcast
Optimal Finance Daily - Financial Independence and Money Advice
Hosted by Optimal Living Daily | Diania Merriam · EN
Optimal Finance Daily is the #1 narrated podcast for the FIRE movement (Financial Independence, Retire Early). We curate and read the internet's most influential blogs on stock market investing, passive income, debt repayment, and 401k strategies, transforming complex wisdom into actionable daily episodes.
Hosted by Diania Merriam (founder of the EconoMe conference), this show is designed for growth-minded professionals seeking wealth management tips and money mindfulness. From budgeting and frugal living to index fund investing and tax strategies, Diania provides the tools to secure your financial freedom.
Join thousands of listeners becoming "OLD friends" as we navigate retirement planning, savvy money management, and the path to a debt-free life. Your journey to an optimal life begins here.
407episodes
Episodes
Newest firstAll episodes
3644: Which Part of the Money Wave Do You Surf By Mr. Money Mustache on Personal Finance
2w ago00:11:20Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3644: Mr. Money Mustache uses a vivid surfing metaphor to show how small financial choices determine whether debt holds you back or investments propel you forward. By comparing debtors, debt-free earners, and investors riding different parts of the same wave, he illustrates why building wealth through frugality and investing creates lasting freedom, and why delaying gratification can ultimately lead to a richer, less stressful life. Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/05/25/which-part-of-the-money-wave-do-you-surf/ Quotes to ponder: "Debt used to finance luxuries just creates a backwards current on your life. Suddenly you must paddle fiercely just to stay in one place." "By the time you get rich enough to afford such a thing, you will have freed yourself from the desire to buy it. Which makes you end up even richer." "You only live once, and what good is money if you don’t spend it on yourself, you can’t take it with you!" Learn more about your ad choices. Visit megaphone.fm/adchoices
SummaryBONUS: A Farewell from Diania
2w ago00:08:25Summary readyIn this special bonus episode, Diania Merriam shares a heartfelt farewell after more than five years as the host of Optimal Finance Daily. She tells the story of how a late-night Facebook scroll in the fall of 2020 led to one of the best decisions of her life, and reflects on how much has changed since then - leaving her corporate job, growing the EconoMe Conference from a $40,000 loss into a profitable, sold-out annual event, getting married, and watching her own relationship with money evolve from hyper-vigilance into trust and ease. Diania reminds us to pay attention to the rare moments when life hands you a "hell yes," and shares why the pursuit of financial independence, done intentionally, can become a vehicle for becoming more fully yourself. Want to stay in touch with Diania? Sign up for her mailing list at economeconference.com, or connect with her on Facebook and LinkedIn. The next EconoMe Conference is March 19–21, 2027 in Cincinnati, OH - it's sold out, but you can join the waitlist. And don't go anywhere: Optimal Finance Daily continues today with your new host, Justin. Your optimal life awaits. Learn more about your ad choices. Visit megaphone.fm/adchoices
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3643: 5 Major Money Mistakes I've Made And How You Can Avoid Them by Andy Hill of Marriage Kids and Money
2w ago00:10:21Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3643: Andy Hill reflects on five costly financial mistakes, from buying a house beyond his means to trusting the wrong investment advice, and explains how each one reshaped his approach to money. His experiences show how patience, financial education, and simple long-term decisions can help you avoid expensive setbacks and build lasting wealth. Read along with the original article(s) here: https://marriagekidsandmoney.com/5-major-money-mistakes-ive-made-and-how-you-can-avoid-them Quotes to ponder: "I leased the four rings when I could only afford one!" "I should have known not to put any money in the stock market or bond market if I want it back in less than 5 years." "I like to keep things simple, have patience and realize that good things come with time and education." Episode references: LIBOR: https://www.investopedia.com/terms/l/libor.asp Home Equity Line of Credit (HELOC): https://www.consumerfinance.gov/ask-cfpb/what-is-a-home-equity-line-of-credit-heloc-en-287/ The Great Recession: https://www.federalreservehistory.org/essays/great-recession-of-200709 Roth IRA: https://www.irs.gov/retirement-plans/roth-iras Learn more about your ad choices. Visit megaphone.fm/adchoices
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3642: What is Intention Setting and How to Live with Intention by Shirley of Daring Living on Intentional Living
2w ago00:09:14Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3642: Shirley explains that living with intention means making conscious choices that align your thoughts, actions, and long-term vision instead of drifting through life on autopilot. She shares practical strategies, from creating a meaningful morning ritual and choosing a guiding feeling for the day to scripting your ideal life and practicing regular self-check-ins, to help you cultivate greater purpose, clarity, and fulfillment. Read along with the original article(s) here: https://daringliving.com/intention-setting-live-with-intention/ Quotes to ponder: "When you have a reason and an intention for doing something, going about your day just makes it feel so much more meaningful and worthwhile." "Remember, you have the ability to choose how you want to think, feel, and act every day." "When you can be very specific and be very intentional about how you want your ideal life to look like, it is a lot easier for you to take actions (both consciously and unconsciously) to create that for yourself." Episode references: Lewis Howes: https://lewishowes.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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3641: 8 Tips to Save Money on Groceries by Amanda Brownlow of Hello Brownlow on Frugal Living
2w ago00:09:09Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3641: Amanda Brownlow shares eight practical strategies that helped rein in a grocery budget that had nearly doubled, from checking pantry staples and planning meals to using sales, co-ops, and digital coupons. Her straightforward approach shows how a few consistent habits can reduce food costs, minimize waste, and make grocery shopping far less stressful. Read along with the original article(s) here: https://hellobrownlow.com/2016/04/03/8-tips-to-save-money-on-groceries/ Quotes to ponder: "Our grocery budget seemed like it was getting out of control when we went vegan. It spiked from just $200 to almost $400." "We already planned our meals and made our list. If we leave it off the list and forget to buy it on our shopping days then we never needed it in the first place." "Having basic items in our pantry lets us be creative with what we buy in the grocery store because we don’t need a whole lot of everything." Episode references: Target Circle (formerly Cartwheel): https://www.target.com/circle The Krazy Coupon Lady: https://thekrazycouponlady.com/ Bountiful Baskets Food Co-op: https://www.bountifulbaskets.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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3640: Motivation and Money by Honey Smith of Get Rich Slowly on Money Mindset
2w ago00:10:16Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3640: Honey Smith explains that staying motivated through a long financial journey is less about willpower and more about using practical systems that keep your goals front and center. By making goals visible, creating accountability, changing strategies, celebrating milestones, and taking intentional breaks, she shows how to maintain momentum while working toward lasting financial independence. Read along with the original article(s) here: https://www.getrichslowly.org/motivation-and-money/ Quotes to ponder: "One way to avoid losing interest (and thus, momentum) is by periodically shifting your focus between the two approaches." "Turning your long-term goals into short-term goals can give you a sense of urgency that may help you keep motivation alive." "Self-knowledge is an important component to motivation." Episode references: eBay: https://www.ebay.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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3639: [Part 2] The 6 Crucial Questions to Answer Before You Retire by Darrow Kirkpatrick of Can I Retire Yet
3w ago00:09:53Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3639: Darrow Kirkpatrick explains that a successful retirement depends on more than having enough money, it requires a flexible withdrawal strategy, meaningful ways to spend your time, and a realistic backup plan for financial surprises. He also shares thoughtful advice on leaving your career with professionalism and purpose, helping you prepare for a confident transition into the next stage of life. Read along with the original article(s) here: https://www.caniretireyet.com/the-6-crucial-questions-to-answer-before-you-retire/ Quotes to ponder: "You’ve got to revisit your expenses, and your assets, and the state of the world, at least annually. You, or an advisor, must personally “drive” your retirement finances. You can’t just put them on cruise control." "It is most helpful to long-term happiness if you can identify some retirement activities that are not only fun and recreational, but also creative, productive, and generous." "It is great to make your own hours, to go on vacation whenever you choose, to catch up on your bucket list and all the things you wanted to do when you were younger." Episode references: Reverse Mortgage Information (Consumer Financial Protection Bureau): https://www.consumerfinance.gov/consumer-tools/reverse-mortgages/ Social Security Administration: https://www.ssa.gov/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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3638: [Part 1] The 6 Crucial Questions to Answer Before You Retire by Darrow Kirkpatrick of Can I Retire Yet
3w ago00:09:11Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3638: Darrow Kirkpatrick explains that preparing for retirement is less about following a rigid checklist and more about answering a handful of essential questions that shape your financial future. He explores the importance of understanding your living expenses, healthcare options, savings target, and withdrawal strategy, offering a practical framework that can help you approach retirement with greater confidence and clarity. Read along with the original article(s) here: https://www.caniretireyet.com/the-6-crucial-questions-to-answer-before-you-retire/ Quotes to ponder: "Unless you're fantastically wealthy, it's simply impossible to prepare for retirement without knowing how much it will cost you to live each month." "The bad news is this simple truth: nobody can predict the future." "The good news is that you can achieve enough certainty to make a decision." Episode references: Social Security Administration: https://www.ssa.gov/ COBRA Continuation Coverage: https://www.dol.gov/general/topic/health-plans/cobra Learn more about your ad choices. Visit megaphone.fm/adchoices
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3637: What is a Penny Stock? by Jeff Rose of Good Financial Cents on Stock Market Education
3w ago00:09:37Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join 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 3637: Jeff Rose explains what penny stocks really are, why their low price can be misleading, and how their lack of liquidity and reporting requirements make them especially risky. He also breaks down common "pump and dump" scams so you can recognize the warning signs and make more informed investing decisions. Read along with the original article(s) here: https://www.goodfinancialcents.com/what-is-a-penny-stock-scam-pump-and-dump/ Quotes to ponder: "Every time this occurs I always sigh to myself and think, “Sure it is”." "What makes penny stocks so risky is their lack of liquidity." “People who responded to the ‘pump and dump’ scam lost 8% of their investment in two days. Conversely, the spammers who buy low-priced stock before sending the e-mails, typically see a return of between 4.9% and 6% when they sell.” Episode references: OTC Markets Group (OTCBB/Pink Sheets information): https://www.otcmarkets.com/ U.S. Geological Survey: https://www.usgs.gov/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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3636: What Is An Index Fund? by Andrew of Dollar After Dollar on Investing Basics
3w ago00:10:59Summary readyGet the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today’s episode into an actionable plan? Join the Optimal Living Weekly newsletter and I’ll send you our 200-page digital workbook immediately. It’s packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join Discover all of the podcasts in our network, search for specific episodes and learn more at: OLDPodcast.com. Episode 3636: Andrew explains how index funds offer a simple, low-cost way to invest by tracking major market indexes instead of trying to beat them. Learn why these diversified funds have outperformed most actively managed funds over the long term and why investors like Warren Buffett recommend them for retirement savings. Read along with the original article(s) here: https://www.dollarafterdollar.com/what-is-an-index-fund/ Quotes to ponder: "Index funds are great for anyone who wants to invest passively." "Passive fund management tends to lead to better performance in the long term." "Only 13% of around 8,000 mutual funds are able to achieve outperforming the market index!" Episode references: S&P 500 Index: https://www.spglobal.com/spdji/en/indices/equity/sp-500/ John C. Bogle: https://www.britannica.com/biography/John-Bogle MSCI EAFE Index: https://www.msci.com/indexes/index/990300 Russell 2000 Index: https://www.ftserussell.com/products/indices/russell-us NASDAQ Composite Index: https://www.nasdaq.com/market-activity/index/comp Bloomberg U.S. Aggregate Bond Index: https://www.bloomberg.com/professional/product/indices/bloomberg-fixed-income-indices/ The Vanguard 500 Index Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vfiax Learn more about your ad choices. Visit megaphone.fm/adchoices
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