3023: Trouble with the 4 Percent Rule by Jillian Johnsrud on A Flexible Approach to Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

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The Vanished

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Join us on a journey into the perplexing world of disappearances, where individuals vanish without a trace, leaving behind a void filled with questions and speculation.

för ungefär ett år sedan 8:55

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Episode 3023:

Early retirement enthusiasts often base their plans on the 4% rule, but Jillian Johnsrud highlights the emotional and psychological challenges this approach can create. By exploring how transitions like leaving work can disrupt the satisfaction of earning and saving, Jillian advocates for a more personalized and flexible approach to financial independence. Her insights empower listeners to design retirement strategies that align with their values and happiness, instead of rigid formulas.

Read along with the original article(s) here: https://www.jillianjohnsrud.com/trouble-with-the-4-rule/

Quotes to ponder:

"A plan that felt a little more palatable when the time comes to leave your 9-5 job."

"Transitions deregulate us. Every time."

"You can have 100% confidence in the 4% rule and still not enjoy pulling out 4% a year."

Episode references:

Tickets to EconoMe Conference: https://economeconference.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

3866 episoder

3023: Trouble with the 4 Percent Rule by Jillian Johnsrud on A Flexible Approach to Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

2,457 subscribers

published för ungefär ett år sedan

Dela

MP3•Episod hem

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 3023:

Read along with the original article(s) here: https://www.jillianjohnsrud.com/trouble-with-the-4-rule/

Quotes to ponder:

"A plan that felt a little more palatable when the time comes to leave your 9-5 job."

"Transitions deregulate us. Every time."

"You can have 100% confidence in the 4% rule and still not enjoy pulling out 4% a year."

Episode references:

Tickets to EconoMe Conference: https://economeconference.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

3866 episoder

All episodes

1
3063: There's Always Going To Be Something by Alacias Enger of My Sense With Cents on Radical Acceptance 13:06

för 21 hours sedan13:06

13:06

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 3063: Life is never without challenges, and waiting for a perfectly smooth path is an illusion. Alacias Enger explores the power of radical acceptance, letting go of resistance, and embracing the unexpected to grow into our fullest selves. By cultivating financial stability and a mindset of flow rather than fear, we can navigate life's inevitable hurdles with resilience and grace. Read along with the original article(s) here: http://www.mysensewithcents.com/2021/11/theres-always-going-to-be-something.html Quotes to ponder: "Saying yes to Reality in any given moment so what’s needed can come next." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3062: How to Live Life with No Regrets by FIRECracker of Millennial-Revolution on Financial Independence 11:38

för 2 dagar sedan11:38

11:38

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 3062: FIRECracker reflects on a potential health scare and shares the top regrets of the dying, reminding us that wealth, status, and possessions are meaningless if they come at the cost of authentic living. True freedom comes from financial independence, but even more so from the courage to pursue dreams, prioritize relationships, and embrace happiness before it’s too late. Read along with the original article(s) here: https://www.millennial-revolution.com/freedom/live-life-no-regrets/ Quotes to ponder: "I wish I’d had the courage to live a life true to myself, not the life others expected of me." "I wish I hadn’t worked so hard." "I wish that I had let myself be happier." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3061: 7 Expenses To Never Put On A Credit Card by Michelle Schroeder-Gardner of Making Sense of Cents 10:06

för 3 dagar sedan10:06

10:06

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 3061: Michelle Schroeder-Gardner highlights seven common purchases, including furniture, weddings, medical bills, and vacations, that should never be charged unless you can pay them off in full immediately. Avoiding these costly mistakes can help you stay in control of your finances and prevent unnecessary stress. Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/11/expenses-to-never-put-on-a-credit-card-finance-furniture.html Quotes to ponder: "Just because the monthly payment seems 'doable,' it doesn’t mean that it’s what’s best for you." "Wedding debt can cause arguments, stress, financial problems, and more." "A vacation is supposed to be that - a vacation. I couldn’t imagine that a vacation would be relaxing at all if you were paying interest on it for months or years to come." Episode references: The EconoMe Conference YouTube Channel: https://www.youtube.com/@EconoMeConference Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3060: Intentional Spending - 3 Simple Questions That Will Upgrade Your Finances by Kalen Bruce of Freedom Sprout 9:16

för 4 dagar sedan9:16

9:16

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 3060: Tracking every purchase and asking three simple questions can revolutionize your spending habits. Kalen Bruce highlights the power of intentionality in finances, encouraging mindfulness about whether a purchase is necessary, if there’s a more cost-effective way to buy it, and if quality should be prioritized. By applying this approach to everything from groceries to major expenses like housing and insurance, you can reduce wasteful spending and improve your financial well-being. Read along with the original article(s) here: https://freedomsprout.com/intentional-spending/ Quotes to ponder: "This is a way to stop that. Basically, you’re going to track everything you buy, just like you would when you start budgeting, but you’re going to actually talk about every single purchase." "It pays to spend more on quality, whether for your health or for your wallet. Or both." "If you’re intentional about the things you’re spending your money on, you’re going to spend less and spend on the right things - improving your financial health." Episode references: Intentional Children: https://www.amazon.com/Intentional-Children-Raising-Money-Smart-Intention/dp/1734973439 Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3059: Dear Dad Why Did You Let Debt Kill You by Jeff Rose of Good Financial Cents on Money Anxiety 10:16

för 5 dagar sedan10:16

10:16

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 3059: Jeff Rose reflects on his father's financial struggles, revealing how stress from debt contributed to his declining well-being and ultimate passing. By recognizing warning signs like constant financial anxiety, relying on credit to pay off credit, and frequently borrowing money, we can step in to help loved ones break the cycle before it's too late. Read along with the original article(s) here: https://www.goodfinancialcents.com/dear-dad-why-did-you-let-debt-kill-you/ Quotes to ponder: "It wasn’t his heart alone that killed him, it was his debt." "If someone is using one credit card to pay the minimum payment on another, or taking out a cash advance on a card to make a payment, there are multiple problems." "Don’t wait or sit back silently, hoping something will change. Become an agent of change. When you see the warning signs, speak up." Episode references: You Need a Budget App: https://www.youneedabudget.com Soldier of Finance: https://www.amazon.com/Soldier-Finance-Charge-Invest-Future/dp/0814433286 Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3058: Raising Consumer Conscious Teenagers in an Age of Excess by Joshua Becker of Becoming Minimalist 11:26

för 5 dagar sedan11:26

11:26

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 3058: Joshua Becker explores practical ways to guide young people in resisting materialism, understanding advertising influence, and prioritizing experiences over possessions. By fostering mindful consumption habits early, parents can empower teens to make thoughtful financial choices that align with their values. Read along with the original article(s) here: https://www.becomingminimalist.com/consumer-conscious-teens/ Quotes to ponder: "Marketers spend billions of dollars every year targeting our children with advertisements, hoping to shape their buying habits for decades to come." "Help them see that happiness is not found in the accumulation of possessions, but in the pursuit of meaning, relationships, and contribution." "The best way to help our teenagers become wise consumers is to model it ourselves." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3057: 5 Reasons to Choose a 15-Year Mortgage by Andy Hill of Marriage Kids and Money 10:19

för 6 dagar sedan10:19

10:19

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 3057: Andy Hill shares how this decision helped his family stay disciplined, build wealth faster, and eliminate debt years ahead of schedule. If paying off your mortgage early aligns with your goals, his insights might just inspire you to rethink your home loan strategy. Read along with the original article(s) here: https://marriagekidsandmoney.com/5-reasons-to-choose-a-15-year-mortgage Quotes to ponder: "We would be saving nearly $100,000! Instead of giving the mortgage company $95,130, we decided to keep it." "When we're completely debt-free, we're going to be able to live more, give more, and save more." "The 15-year helps to accelerate the mortgage payoff process and brings us closer to a more stress-free lifestyle in the Hill house." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3056: Save $50 a Day & Feel No Pain? Hmm I Dunno About That by J. Money of Budgets Are Sexy 11:29

för 7 dagar sedan11:29

11:29

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 3056: J. Money explores whether saving $50 a day is realistic and how to make it painless. By identifying small spending leaks, making simple swaps, and staying intentional with money, you can build a solid financial cushion without feeling deprived. These practical tips prove that smart saving is more about mindset than sacrifice. Read along with the original article(s) here: https://www.budgetsaresexy.com/save-50-day-and-feel-no-pain-hmmi-dunno/ Quotes to ponder: "Saving money isn’t always about cutting out the fun, it’s about being more intentional with where your dollars go." "When you track your spending, you start to notice patterns and little leaks where money slips away unnoticed." "Small changes, like brewing coffee at home or packing lunch, add up faster than you think." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3055: Everyone Else Could Be Wrong by Steven Keys of Trip Of A Lifestyle on Intentional Living 10:56

för 8 dagar sedan10:56

10:56

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 3055: Steven Keys challenges conventional wisdom, highlighting how herd mentality can lead to poor choices in finance, lifestyle, and beyond. By seeking out unconventional perspectives, prioritizing logic, and boldly carving your own path, you can break free from societal norms and create a life that truly fits you. Read along with the original article(s) here: https://www.tripofalifestyle.com/perspective/everyone-else-could-be-wrong/ Quotes to ponder: "You really shouldn’t go along with anyone, majority or minority, blindly." "Even if you ask more people or find more resources, you’ll have a psychological tendency to ignore the outliers, even when they’re actually correct." "When you open yourself up to the possibility of thinking differently from everyone else, you set yourself free." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3054: The More Runway You Have, The Safer You are by Barney of The Escape Artist on Financial Independence 10:52

för 9 dagar sedan10:52

10:52

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 3054: Barney of TheEscapeArtist.me explains how to calculate your runway, why an emergency fund is essential, and how financial independence shifts your options and decision-making. More runway means more freedom, but the benefits plateau after a certain point, making it crucial to define what "enough" means for you. Read along with the original article(s) here: https://theescapeartist.me/2021/10/19/the-more-runway-you-have-the-safer-you-are/ Quotes to ponder: "The moral of this story is that the more runway you have, the safer you are." "You need to have a margin of safety in your life. Some redundancy in your personal finances in case of redundancy in your career." "It is HUGE to go from having no runway to having the ability to take a year off. But just going from 25x to 26x shouldn’t really change your life much." Episode references: The Psychology of Money by Morgan Housel: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3053: The Power of an Online Only Savings Account by Tiffany Aliche of The Budgetnista 8:54

för 10 dagar sedan8:54

8:54

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 3053: Traditional savings accounts might be holding you back. Tiffany "The Budgetnista" Aliche highlights the power of online-only savings accounts, explaining how they offer higher interest rates, fewer fees, and better financial discipline by keeping your savings out of easy reach. Learn how to set one up and maximize your money with smart, simple strategies. Read along with the original article(s) here: https://thebudgetnista.com/the-power-of-an-online-only-savings-account/ Quotes to ponder: "An online-only savings account is like a financial gym - it helps strengthen your saving muscles by keeping your money separate from your daily spending." "When your savings account is harder to access, you're less likely to dip into it for impulse purchases." "Online banks often offer interest rates that are 10 to 20 times higher than traditional banks. That means your money grows faster - without any extra effort." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3052: [Part 2] Stocks - Part XIX: How to Think about Money by JL Collins 10:10

för 11 dagar sedan10:10

10:10

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 3052: JL Collins breaks down how to shift your mindset from short-term price fluctuations to long-term ownership, using VTSAX as a prime example of investing in the entire U.S. economy. Learn why patience, resilience, and a buy-and-hold strategy can lead to financial security over time. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: "You can’t successfully dance in and out of the Market." "As long as the company is sound, the fluctuations in its stock price are fairly inconsequential." "Nothing is sure, but I can’t think of a surer bet than this." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3051: [Part 1] Stocks - Part XIX: How to Think about Money by JL Collins 10:47

för 12 dagar sedan10:47

10:47

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 3051: JL Collins breaks down the mindset shift needed to stop thinking about what money can buy and start focusing on what it can earn. By understanding opportunity cost and the power of compounding, you can make choices that lead to long-term prosperity rather than fleeting riches. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: “It’s not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And what the money it earns can earn.” “You have probably heard of The Magic of Compounding. As your savings grow, you earn interest on a bigger and bigger pool of money.” “One of the beauties of being financially independent is that by definition you will have enough money so that the power of Compounding is greater than the Opportunity Cost of what you spend.” Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3050: The Reason You May Not be Getting Results and What To Do About It by Nia Shanks 11:27

för 12 dagar sedan11:27

11:27

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 3050: Nia Shanks emphasizes the importance of finding an approach to training and eating that works for you rather than forcing a method that causes stress or doesn’t align with your preferences. Whether it’s strength training, intermittent fasting, or another nutrition plan, success comes from experimentation and personalization, not rigid adherence to popular advice. Read along with the original article(s) here: https://www.niashanks.com/reason-not-getting-results-what-to-do/ Quotes to ponder: "You don’t have to do what’s popular or what other experts swear by if that method doesn’t fit your lifestyle and personality." "Bottom line with nutrition is don’t be afraid to experiment and discover what works for you." "Bottom line, if a particular method doesn’t fit your personality or mesh with your lifestyle, then don’t force it." Learn more about your ad choices. Visit megaphone.fm/adchoices…

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3049: Changing Jobs for More Money - Is it Worth It by Philip Taylor of PT Money 9:37

för 13 dagar sedan9:37

9:37

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 3049: Changing jobs for a higher salary can be tempting, but Philip Taylor argues that money alone shouldn’t be the deciding factor. Job satisfaction, stability, and lifestyle impact are key considerations, as frequent job-hopping can lead to long-term dissatisfaction. While salary surveys can help determine fair pay, sometimes staying put and building career capital offers more benefits than chasing a bigger paycheck. Read along with the original article(s) here: https://ptmoney.com/changing-jobs-for-more-money-is-it-worth-it/ Quotes to ponder: "You absolutely hate what you do; if you don’t, you’re likely to be miserable and just go about the motions because you need the money." "When you change jobs just for the money, there’s no end to it; you tend to keep job-hopping all your life, flitting like a bee from flower to flower without really gathering anything of substance." "All things being equal, you need to get the best salary that the market will pay." Episode references: PayScale Salary Survey: https://www.payscale.com/ Salary.com: https://www.salary.com/ Money.com Best Places to Live: https://money.com/best-places-to-live/ So Good They Can’t Ignore You: https://www.amazon.com/So-Good-They-Cant-Ignore/dp/1455509124 Learn more about your ad choices. Visit megaphone.fm/adchoices…

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