2202: Don't Eat the Doughnut by Craig Stephens

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 12 February 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Craig Stephens of Retire Before Dad shares why you shouldn't eat the doughnut. Episode 2202: Don't Eat the Doughnut by Craig Stephens Craig Stephens of Retire Before Dad is a 43-year-old IT professional, investor, and blogger based in the Washington, DC metro area. His primary financial goal is to retire at age 55, one year before his Dad retired. He writes about how to build income streams so you can explore the unusual. His first love is his beautiful wife and three kids. His second love is travel. Combining both in early retirement is the ultimate goal and his primary motivation for financial independence. The original post is located here: https://www.retirebeforedad.com/dont-eat-doughnut/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is Optimal Finance Daily, Episode 2202.
0:04.4	Don't Eat the Donut by Craig Stevens of Retire Before Dad.com
0:09.6	And I'm your host and personal finance enthusiast, Diana Mariam.
0:13.9	Now let's get to today's post as we optimize your life.
0:21.8	Don't Eat the Donut by Craig Stevens of Retire Before Dad.com
0:27.6	Achieving success and personal finance is simple but not easy.
0:31.9	Make more money, spend less than you make, invest the surplus.
0:35.7	That's the formula to become wealthy over time.
0:38.7	The Nintendo fanboy in me calls this the try force of wealth.
0:43.1	But doing those things requires habit, persistence, and a steady income.
0:47.6	If personal finance were easy, everyone would be financially secure.
0:51.9	Most people are not.
0:54.0	Even as the US economy is at its strongest levels and more than a decade,
0:58.0	an uncomfortable percentage of people are still living paycheck to paycheck.
1:02.2	The temptation to spend an entire paycheck is powerful.
1:06.4	Other factors challenge us too.
1:08.7	Making money requires work, sometimes hard work.
1:12.4	Not everyone is willing to do hard work.
1:15.4	Work may be difficult to find, even as the macro economy is strong
1:19.6	and opportunities to earn are widespread online.
1:23.1	Lack of skills is often a hurdle and smaller towns aren't experiencing
1:27.4	the same low unemployment rates as the big cities.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.