2796: How to Retire on 1 Million or Less by ESI of ESI Money on Frugality & 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 2796: ESI of ESIMoney.com explains how you can retire early with a net worth of $1 million or less, using strategies common among the FIRE (Financial Independence Retire Early) community. Learn how to maximize your savings, minimize debt, and invest wisely to achieve financial independence by your mid-30s and live comfortably without a traditional job. Read along with the original article(s) here: https://esimoney.com/retire-1-million-less/ Quotes to ponder: "The steps to FIRE won’t surprise you. They involve earning, saving, and investing." "They are used to living on a small portion of their earnings, so retirement is no different." "This extra allows you to quit your 'normal' job much sooner." Episode references: The 4% Rule Explained: https://www.investopedia.com/terms/f/four-percent-rule.asp Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

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...