3137: Preferred vs Common Stocks: How Do They Differ by Amy Blacklock and Vicki Cook with Women Who Money
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 3137:
Amy Blacklock and Vicki Cook explain the key differences between common and preferred stocks, offering clarity on how each type fits distinct investment goals. While common stocks offer growth and voting rights, preferred stocks provide consistent income and greater claim to assets, making it crucial to align your choice with your financial strategy.
Read along with the original article(s) here: https://womenwhomoney.com/preferred-vs-common-stock/
Quotes to ponder:
"A share of common stock represents one share of ownership in the underlying corporation."
"The dividend yield can be calculated by simply dividing the dollar value of the dividend by the current stock price, times 100 for the percentage."
"Preferred stockholders get preference over common stock shareholders during distribution of profits or corporate liquidation of funds."
Episode references:
Standard & Poor’s: https://www.spglobal.com/ratings/en/
Moody’s: https://www.moodys.com/
Fitch Ratings: https://www.fitchratings.com/
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13:59
3136: Bankruptcy and Debt: You Can Come Out Stronger in the End by Tracie with Jackie Beck
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 3136:
Tracie shares her deeply personal journey from bankruptcy to financial freedom, offering a raw, relatable look at the emotional toll of debt and the power of persistence. By embracing budgeting, ditching credit cards, and staying committed alongside her husband, she proves that it's possible to come back stronger, wiser, and debt-free.
Read along with the original article(s) here: https://www.jackiebeck.com/bankruptcy-and-debt-you-can-come-out-stronger-in-the-end/
Quotes to ponder:
"There really can be a light at the end of the tunnel (no matter how long that tunnel might be)."
"This time around I did it the RIGHT way. I didn’t just run from my debt. I faced it head on - with my husband."
"When you do not have debt, your money is all yours."
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10:53
3135: Do What You Hate to Do What You Love by Chris Reining 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 3135:
Chris Reining challenges the popular career advice to "do what you love" by showing how it's often wiser, and more sustainable, to do what you hate so that you can eventually afford the freedom to pursue what you love. With humor and insight, he illustrates how financial independence is really about creating options, not chasing passions that can’t pay the bills.
Read along with the original article(s) here: https://chrisreining.com/hate-love/
Quotes to ponder:
"Do what you hate to do what you love."
"Financial independence isn’t about having money it’s about having options."
"The most dangerous thing I see people do is quit their job to do what they love."
Episode references:
Architectural Digest: https://www.architecturaldigest.com/
So Good They Can’t Ignore You: https://www.calnewport.com/books/so-good/
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9:23
3134: Your Retirement Checklist by Mike Ballew of Egg Stack on Financial Freedom and Money Goals
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 3134:
Mike Ballew delivers a no-nonsense breakdown of the essential financial and logistical steps to take before retiring, from ditching debt and adjusting investments to creating an end-of-life plan. His straight-talking approach helps listeners understand why guessing isn’t a strategy when it comes to building a secure, lasting retirement.
Read along with the original article(s) here: https://eggstack.com/blog/2021-12-05-Your-Retirement-Checklist/
Quotes to ponder:
"Retiring is a little like traveling to Mars. If there’s not enough fuel in the tank, you’re going to get stuck there."
"The biggest favor you will ever do yourself is to get a 15-year mortgage."
"You need to sit down with a financial advisor or avail yourself to sophisticated retirement planning software that can analyze your situation and determine how much retirement savings you really need."
Episode references:
Risk Parity Radio Podcast (Frank Vasquez): https://www.riskparityradio.com/
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10:44
3133: How Does Mental Health Affect Your Financial Health by Lyle Soloman with Fiology
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 3133:
Lyle Soloman explores the deep, often overlooked connection between mental well-being and financial stability, revealing how issues like depression, anxiety, and low self-esteem can lead to impulsive spending, financial neglect, and mounting debt. By identifying patterns and making strategic adjustments during times of clarity, Soloman offers actionable steps to help safeguard your finances even when your mental health falters.
Read along with the original article(s) here: https://www.fiology.com/mental-health-financial-health/
Quotes to ponder:
"When you are dealing with disturbed mental health, it feels that life is spiraling out of control, and you can’t do anything to get it back on track."
"Many people who have financial problems will resist looking at how much they owe."
"Don’t try to live your life to someone else’s standards. This can hurt your mental health no matter how much money you make."
Episode references:
Personal Capital (now Empower): https://www.empower.com
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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...
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