2710: The Balanced Money Formula by JD Roth of Get Rich Slowly on Personal Finance Habits

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 2710: JD Roth of GetRichSlowly.org introduces the Balanced Money Formula by Elizabeth Warren and Amelia Tyagi, providing an innovative approach to managing personal finances without a traditional budget. Roth explores how simplifying budgeting into three categories - Needs, Wants, and Savings - can help achieve financial equilibrium and reduce stress about money management. Read along with the original article(s) here: https://www.getrichslowly.org/the-balanced-money-formula/ Quotes to ponder: "When your money is in balance, you always have enough to pay your bills, have some fun, and save for your dreams. And here is the best part of all. Once your money is in balance, you can stop worrying about it." “You can spend your Wants money on anything that strikes your fancy, so long as you stay within 30% of your income.” “You certainly won't get into trouble spending like this on Wants. Even so, you should ask yourself - are you making enough room for fun?” Episode references: All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren and Amelia Tyagi: https://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888 Learn more about your ad choices. Visit megaphone.fm/adchoices

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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...