Our podcast's wealth building and investing starter pack, featuring episodes from Optimal Finance Daily.
How do you invest thoughtfully and build wealth?
Building wealth isn't just about hoarding as much riches as you can. It can give you a sense of security and more freedom in how you live your life.
Wealth building and investing takes time and planning. These episodes will teach and show you how to get started. You'll also learn about risk profiles and why investing is not something you should be procrastinating on.
Wealth Building and Investing Starter Pack Starter Pack: Podcast Episodes
Here are a selection of episodes covering the topic of wealth building by some of the world's best personal finance bloggers.
Feel free to select the episode which resonates the most with you, or check them all out to gather the tips you'd most like to apply in your own life!
1. ESI Money on Building Wealth Through Your Career
ESI Money explains a series of action steps to build wealth through your work. Learn about how to market yourself, develop likable skills, and more to maximize your earnings throughout your career.
2. Fritz Gilbert on 5 Things Rich People Do
You may not agree with all five of these points, although you can't deny the truth in many of them. Learn about how the wealthy often start early with their financial plans, and the importance of managing your own destiny instead of leaving it in the hands of someone else.
3. Derick Van Ness on Where to Invest First
As Derick says at the start of this episode, what he says is “controversial.” He shares it with you anyway to help you rely less on the advice of financial pundits. Learn how Derick invested in himself and areas in which you could invest in as well.
4. Mr. Frugal Toque on Conspicuous Consumption and Building Wealth
Are there areas in your life where you downplay how much you're really spending? Mr. Toque shares how to be more aware of your consumption habits to have better control over how you spend.
5. ESI Money on Living Costs
Is it better to live in a low-cost city or high-cost city? You might get a higher salary in a high-cost city, but you've got to make sure that it covers your expenses and necessities in order to make it worthwhile. ESI Money shares how to work towards getting a high income job in a low cost city for the best of both worlds.
6. J Money on Building Wealth
You may have come across James Clear's 7 habits that have a high rate of return in life. J Money builds on these habits in terms of a financial focus.
7. Barbara Friedberg on Why You Must Start Investing Now
The power of compound interest takes a while to be realized, but you don't want to regret not investing sooner once too many years have passed. This episode will encourage you to stop procrastinating on your investment goals.
8. Paula Pant on Investing, Reduced to Its Core
Paula shares her thoughts on why earning more makes much more sense than striving to save more. Learn how viewing frugality as a stepping stone (instead of the main component of your financial strategy) can help you build up your net worth.
9. Chris Reining on Investing Money For Your Risk Profile
When you have a portfolio of bonds and stocks, you need to take into account your risk profile. Chris shares what personal risk tolerance is and how to decide where to allocate your portfolio.
10. Phil Town on Sound Long-Term Investment Advice
Hedge fund manager Phil Town shares why very few people have a true understanding of investing. Having misconceptions about it can lead you to have unrealistic investing expectations. Phil shares what he learned from someone who really taught him about how to be successful with investing.
Where Do I Go From Here?
We hope you've enjoyed this wealth building starter pack.
Let us know which episode or tips were your favorite from this list, and what dreams you have when it comes to your investment goals!
Editor's Note: We have six shows in our podcast network to optimize your life in multiple areas (health, personal finance, and more).
To learn more, visit our “start here” page or click on each logo below to learn more about each show!