3369: What Happens to My Debt When I Die? by Christine Luken on Looking Out For Your Family's Financial Health
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 3369:
Christine Luken offers a clear-eyed guide to understanding how different types of debt, mortgages, credit cards, student loans, and medical bills, are handled after death, and who (if anyone) becomes responsible. With practical advice and real-life examples, she shows how proper planning can prevent financial headaches for grieving loved ones.
Read along with the original article(s) here: https://www.christineluken.com/what-happens-to-my-debt-when-i-die/
Quotes to ponder:
"Family members of a deceased person are typically not obligated to use their own money to pay for credit card debt after death."
"If you have a federal student loan, then the federal government will discharge any remaining debt upon your death."
"Here’s the bottom line: excessive debt is bad news all the way around."
Episode references:
The Motley Fool: https://www.fool.com/
Credit Karma: https://www.creditkarma.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
9:29
--------
9:29
3368: 7 Lessons I Learned From Failing at Real Estate Investing by Jeff Rose of Good Financial Cents on Investment Lessons
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 3368:
Jeff Rose shares the hard-earned wisdom that came from diving headfirst into real estate investing without the right knowledge, mindset, or passion. His story underscores the importance of aligning your investment strategy with your skills and interests, highlighting that chasing flashy promises can lead to costly lessons. Listening to this can help you avoid common traps and clarify your own financial path.
Read along with the original article(s) here: https://www.goodfinancialcents.com/7-lessons-i-learned-from-failing-at-real-estate-investing/
Quotes to ponder:
"If it sounds too good to be true, it probably is, and it was!"
"Always stick with what you know and love, and leave the other stuff to other people."
"Reaching financial freedom is not a race!"
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
10:21
--------
10:21
3367: Financial Lessons From a Rugby Field by Michael Smith with Financial Finesse on Long-term Financial Strategy
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 3367:
Michael Smith draws powerful parallels between playing rugby and managing money, emphasizing the importance of teamwork, mental resilience, and meaningful relationships. His insights show how trusting a solid team of financial professionals, sticking to long-term strategies, and redefining your relationship with money can lead to greater peace of mind and financial success.
Read along with the original article(s) here: https://www.financialfinesse.com/2015/12/11/financial-lessons-from-a-rugby-field/
Quotes to ponder:
"Expecting to win some and lose some can help take the over-reaction out of investing."
"Not being defined by your financial situation at any moment in time is a very important skill to learn."
“Pick a strategy and stick to it in good markets and bad.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
10:35
--------
10:35
3366: Financial Independence Is A Hall Pass For Safe Reinvention by Dave of Accidental FIRE on Financial Freedom
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 3366:
Dave from Accidental FIRE explores how financial independence can become a powerful launchpad for reinvention after professional decline. Drawing from Arthur Brooks’ research and personal experience, he makes a compelling case for using FI not just to retire, but to pivot purposefully, whether that means teaching, deepening relationships, or pursuing long-dormant passions.
Read along with the original article(s) here: https://accidentalfire.com/2022/06/28/financial-independence-is-a-hall-pass-for-safe-reinvention/
Quotes to ponder:
"The research showed that it’s not all decline past 40. Certain aptitudes grow during middle age that favor wisdom, teaching, and sharing ideas."
"Experiencing professional decline in your chosen field is a just a queue to start the ball rolling on a new career."
"Financial independence is basically a hall pass for safe reinvention."
Episode references:
From Strength to Strength by Arthur Brooks: https://www.amazon.com/Strength-Finding-Success-Happiness-Purpose/dp/059319148X
The Atlantic article by Arthur Brooks: https://www.theatlantic.com/magazine/archive/2021/03/work-peak-professional-decline/617796/
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
10:23
--------
10:23
3365: Failing at Early Retirement by Jeremy of Go Curry Cracker on Retirement Planning
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 3365:
Jeremy challenges the notion that earning income after early retirement equals failure, sharing his own experiment with seasonal work as a UPS driver. His candid reflection reveals how flexibility, self-awareness, and reevaluating what “retirement” means can lead to greater peace of mind, without compromising your values or financial independence.
Read along with the original article(s) here: https://www.gocurrycracker.com/failing-at-early-retirement/
Quotes to ponder:
"Should you feel like you failed at early retirement if you decide to do some paid work? No."
"The greatest financial benefit was that it reminded me of just how much time and energy is required to make $100."
"Try some things, no big deal. Maybe you will enjoy some work and find it brings value to your life."
Episode references:
UPS Personal Vehicle Driver Program: https://www.jobs-ups.com/personal-vehicle-drivers
Amazon Flex: https://flex.amazon.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
About Optimal Finance Daily - Financial Independence and Money Advice
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 personal 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 personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals.
This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future.
Listen now, and become an OLD friend--your optimal life awaits...
Listen to Optimal Finance Daily - Financial Independence and Money Advice, The Diary Of A CEO with Steven Bartlett and many other podcasts from around the world with the radio.net app
South Africa