Episodios

  • 3349: Room For Error by Jesse Cramer of BestInterest on Financial Planning and Resilience

    3349: Room For Error by Jesse Cramer of BestInterest on Financial Planning and Resilience
    Nov 11 2025
    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 3349: Jesse Cramer unpacks the underestimated power of "room for error" as a life and investing strategy, drawing insights from Morgan Housel, Charlie Munger, and Howard Marks. Instead of chasing peak performance, Cramer advocates for avoiding disaster, building resilience, and prioritizing consistency, especially when stress can derail even the best-laid plans. Read along with the original article(s) here: https://bestinterest.blog/room-for-error/ Quotes to ponder: "In investing and in life, prioritize avoidance of terrible situations." "Room for error lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor." "Invest! Harness the power of humanity’s economic engine and compound returns." Episode references: The Power of Inversion: https://fs.blog/inversion/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    11 m
  • 3348: [Part 2] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending and Lifestyle Design

    3348: [Part 2] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending and Lifestyle Design
    Nov 10 2025
    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 3348: Leif challenges the conventional link between income and happiness by highlighting how mindful spending and intentional living can lead to greater freedom, satisfaction, and emotional well-being. Drawing on research, personal experience, and the FIRE movement, he illustrates how spending less, while counterintuitive in a consumer-driven culture, can actually unlock more time, autonomy, and joy. Read along with the original article(s) here: https://www.physicianonfire.com/spend-less-live-more/ Quotes to ponder: "High income buys life satisfaction but not happiness." "The things you own end up owning you. It’s only after you lose everything that you’re free to do anything." "A dollar spent is a dollar not saved or invested." Episode references: High income improves evaluation of life but not emotional well-being (Kahneman & Deaton, 2010): https://www.pnas.org/doi/10.1073/pnas.1011492107 You Need a Budget (YNAB): https://www.youneedabudget.com/ Scott’s Cheap Flights (now Going): https://www.going.com/ Personal Capital (now Empower): https://www.empower.com/ Mint: https://mint.intuit.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    11 m
  • 3347: [Part 1] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending and Lifestyle Design

    3347: [Part 1] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending and Lifestyle Design
    Nov 9 2025
    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 3347: Leif challenges the common belief that spending more equals living better, arguing instead that dialing back on expenses can actually unlock a richer, more meaningful life. With personal stories and data-backed insights, he highlights how financial discipline offers not deprivation, but freedom, especially for high earners who mistakenly conflate luxury with happiness. Read along with the original article(s) here: https://www.physicianonfire.com/spend-less-live-more/ Quotes to ponder: "When you dial down the spending, you’ll be able to live more." "It’s much easier to stay off the hedonic treadmill or keep it going at a slow speed than it is to hop off once it’s hit a ludicrous speed." "We don’t seem to be getting any happier despite substantial wealth gains over the past decade." Episode references: Ramit Sethi – I Will Teach You To Be Rich: https://www.iwillteachyoutoberich.com/ World Happiness Report: https://www.worldhappiness.report/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    10 m
  • 3346: How Should Parents Talk To Their Kids About Money? by Lisa Harrison of Mad Money Monster

    3346: How Should Parents Talk To Their Kids About Money? by Lisa Harrison of Mad Money Monster
    Nov 9 2025
    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 3346: Lisa Harrison shares practical, age-appropriate strategies to help parents teach their children the value of money, covering topics like earning, saving, investing, and the emotional legacy of money talk. By reflecting on her own upbringing and that of her husband, she highlights how early financial messaging shapes adult behavior, and how we can break generational cycles by fostering openness and confidence around money with our kids. Quotes to ponder: "It’s important to remember that we all carry biases with us, and they absolutely influence how we teach our kids about the world." "Have your younger children engage in chores, over and above what is expected of them as being part of the household, and pay them for their work." "Explain the importance of earning, saving, and investing, and how it will relate to them throughout various stages of their lives." Learn more about your ad choices. Visit megaphone.fm/adchoices
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    10 m
  • 3345: Why Following Your Dreams Will Make You Free by Wanderer of Millennial Revolution on Financial Independence and Purposeful Living

    3345: Why Following Your Dreams Will Make You Free by Wanderer of Millennial Revolution on Financial Independence and Purposeful Living
    Nov 8 2025
    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 3345: Wanderer argues that chasing your dreams doesn’t have to mean choosing between passion and financial stability, it’s about building financial independence first, so your dream can thrive without the pressure to instantly pay the bills. By strategically pursuing passion projects on the side and leveraging even modest income from them, you can lower your "Magic Number" and reach freedom faster, all while keeping your dreams alive and viable. Read along with the original article(s) here: https://www.millennial-revolution.com/freedom/why-following-your-dreams-will-make-you-free/ Quotes to ponder: "Don’t let anybody tell you that life is about pursuing money or pursuing your dream. It’s not either/or. It’s both." "Follow the money, then follow your dreams." "If you have something you want to create, start stockpiling your resources now, so that you can give your dream the gift of time." Episode references: EconoMe Conference: https://economeconference.com/ Steve Jobs' Stanford Commencement Speech: https://news.stanford.edu/2005/06/14/jobs-061505/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    9 m
  • 3344: The Case For and Against Umbrella Insurance by Mike Ballew of EggStack on Insurance Planning and Financial Protection

    3344: The Case For and Against Umbrella Insurance by Mike Ballew of EggStack on Insurance Planning and Financial Protection
    Nov 7 2025
    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 3344: Mike Ballew challenges conventional wisdom by weighing both sides of the umbrella insurance debate, highlighting its role in protecting high-value assets while exposing the flawed logic behind its standard sales pitch. With examples ranging from teenage drivers to backyard mishaps, he encourages readers to make a decision based not on fear, but on a realistic assessment of personal risk and legal protections. Read along with the original article(s) here: https://eggstack.com/blog/2022-07-03-The-Case-For-and-Against-Umbrella-Insurance/ Quotes to ponder: "The decision whether or not to buy umbrella insurance really comes down to two things: assets and risk." "The case for umbrella insurance is based on faulty logic: that your exposure is limited to the difference between your assets and the liability limit. It is not." "Every state has protections against losing your primary residence and your retirement savings." Learn more about your ad choices. Visit megaphone.fm/adchoices
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    9 m
  • 3343: Financial Mass Destruction by Jesse Cramer of Best Interest on Financial Risks and Economic Awareness

    3343: Financial Mass Destruction by Jesse Cramer of Best Interest on Financial Risks and Economic Awareness
    Nov 6 2025
    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 3343: Jesse Cramer unpacks why Warren Buffett labeled derivatives and leverage as “financial weapons of mass destruction,” showing how these tools can amplify both profits and catastrophic losses. Through real-world analogies and examples like the 2008 financial crisis and Long-Term Capital Management, Jesse urges everyday investors to recognize the hidden risks around them and stick to steady, sustainable strategies. Read along with the original article(s) here: https://bestinterest.blog/financial-mass-destruction/ Quotes to ponder: “Neither derivatives nor leverage is free.” “The range of derivatives contracts is limited only by the imagination of man, or sometimes so it seems, madmen.” “Wall Street ends up trillions of dollars too optimistic, until the music stops.” Episode references: When Genius Failed by Roger Lowenstein: https://www.amazon.com/When-Genius-Failed-Long-Term-Management/dp/0375758259 The Big Short by Michael Lewis: https://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827 Odd Lots Podcast (featuring Brad DeLong): https://www.bloomberg.com/podcasts/odd-lots SPIVA U.S. Scorecard by S&P Dow Jones Indices: https://www.spglobal.com/spdji/en/research-insights/spiva/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    13 m
  • 3342: When Should You Use Margin When Investing? By Shailesh Kumar with Good Financial Cents

    3342: When Should You Use Margin When Investing? By Shailesh Kumar with Good Financial Cents
    Nov 5 2025
    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 3342: Shailesh Kumar breaks down when margin investing makes sense, and when it absolutely doesn’t. He outlines smart, situational uses for margin loans like temporary liquidity gaps or strategic tax planning, while warning against high-risk behaviors like chasing dividends or funding lifestyle purchases with borrowed money. This piece offers a clear, practical guide for investors who want to leverage margin responsibly without falling into financial traps. Read along with the original article(s) here: https://www.goodfinancialcents.com/when-should-you-use-margin-when-investing/ Quotes to ponder: "Margin is debt. You borrow capital from your broker to buy more assets, in most cases stocks." "Too much debt kills, but a little debt can go a long way towards giving you financial flexibility." "Multiple levels of leverage are financial insanity and can come back to bite you much sooner than you think." Episode references: The Margin Loan: How to Make a $400,000 Impulse Purchase: https://www.mrmoneymustache.com/2021/01/29/margin-loan-ibkr-review/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    10 m