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Optimal Finance Daily - Financial Independence and Money Advice

1625: [Part 1] Save Money Where It Matters Most by Corey of The Fioneers on Reducing Your Household Expenses

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 21 August 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

Corey of The Fioneers talk about how to save money where it matters most. This is part 1 of 2. Episode 1625: [Part 1] Save Money Where It Matters Most by Corey of The Fioneers on Reducing Your Household Expenses Jess and Corey started The Pioneers as a way to track their journey to financial independence. If there’s anything they have learned so far, it’s that Financial independence has many definitions. They choose to think of financial independence as: The point at which their assets produce enough sustainable income to cover their living expenses. This is not just about the money, but more importantly, about the freedom that comes with it. The name “The Fioneers” comes from a combination of: Financial Independence (FI) + Pioneers. They think the name fits well with their deep-rooted love of adventure. It’s also a constant reminder to enjoy the journey. The original post is located here: https://thefioneers.com/reduce-household-expenses/ Gusto offers modern, easy payroll and benefits to small businesses across the country. Get in touch now and get three months free when you run your first payroll. Just go to gusto.com/ofd. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, episode 1625.

0:04.0

Save money where it matters most, part 1, by Corey of TheFineers.com.

0:09.3

And I'm your host and personal finance enthusiast, Diana Mariam.

0:13.4

This is a show where I read to you from some of the best personal finance blogs on the planet,

0:18.1

sometimes a little too enthusiastically.

0:20.8

But I can't help it.

0:22.0

Money is an incredible resource that we can use to craft the life of our dreams.

0:26.9

So thanks for joining me today and every day.

0:30.0

And before we get to it, have you subscribed to our other podcasts?

0:33.6

We cover personal development and minimalism, health relationships, entrepreneurship,

0:38.4

and life advice on the other shows.

0:40.6

Just search for Optimal Living Daily wherever you get your podcasts to find them.

0:44.8

And I have a new author for you today.

0:47.2

I'll tell you more about Corey right after the reading.

0:50.1

And it's a bit of a longer post.

0:52.4

So I'll read the first half today and then finish the rest for you tomorrow.

0:56.3

So with that, let's dive into the first half and start optimizing your life.

1:04.8

Save money where it matters most, part 1, by Corey of TheFineers.com.

1:11.4

Jess and I are on pace to save about 60% of our after-tax income this year.

1:16.8

While growing our income has played a large part in increasing our savings rate,

1:21.2

even with intentional decisions to reduce it in recent years,

1:24.9

it's also a result of reducing our spending in three key areas.

...

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