3143: Working the ESI Scale to Financial Independence by ESI of ESI Money on Saving and Investing

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 15 May 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 3143: ESI breaks down the path to financial independence using a simple scale to evaluate your earning, saving, and investing skills, from disaster to excellent. He argues that success in one area can't compensate for failure in another, and that most people should aim for excellence in earning or saving, since investing is rarely a true strong suit. His insights reveal how balanced, realistic self-assessment can accelerate your journey to FI. Read along with the original article(s) here: https://esimoney.com/working-esi-scale-financial-independence/ Quotes to ponder: "There are almost as many ways to hit FI as there are moves in a chess match." "To reach FI at any reasonable age, you need to be at least neutral on all of them." "I don’t think anyone is excellent at investing. I think 'good' is about all most of us can strive for realistically." Episode references: The Bogleheads’ Guide to Investing: https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This message is brought to you by Apple Card. Apply for Apple Card today and start earning up to 3% daily cash back on everyday purchases. And that daily cash can even grow automatically when you open a high yield savings account through Apple Card. What are you waiting for? Visit Apple.co slash card calculator today to see how much daily cash you can earn.
0:24.6	Subject to credit approval. Savings available to Apple card owners, subject to eligibility.
0:30.4	Savings and Apple Card by Goldman Sachs Bank USA. Member FDIC, Terms and more at Applecard card.com you just realized your business needed to hire someone
0:42.4	yesterday so how do you find amazing candidates fast simple just use indeed stop wasting time with
0:50.3	other job sites that aren't getting your post seen. With Indeed's sponsored jobs,
0:55.2	your post jumps to the top, getting in front of the right candidates fast. And it works. According to
1:01.5	Indeed data, sponsor jobs get 45% more applications than non-sponsored ones. Join the 3.5 million
1:09.4	employers worldwide who are hiring great talent with Indeed.
1:13.6	Best part? No monthly subscriptions, no long-term contracts, and you only pay for results.
1:20.2	There's no need to wait any longer. Speed up your hiring right now with Indeed,
1:24.9	and listeners of the show will get a 100 100 pound sponsored job credit to get your jobs more
1:30.3	visibility at Indeed.com slash show.
1:33.8	Just go to Indeed.com slash show right now and support our show by saying you heard about
1:39.1	Indeed on this podcast.
1:41.4	Indeed.com slash show.
1:44.0	Terms and conditions apply. This is Optimal Finance Daily,
1:49.6	working the ESI scale to financial independence by ESI of ESIMoney.com. As you know, this site is about
1:59.7	three easy steps towards financial independence.
2:02.6	Earning, saving, and investing.
2:05.6	Separately, I've been thinking about the various ways to reach financial independence.
2:10.6	In how to become financially independent, I mentioned a whole host of factors that work together to get someone to FI.
2:18.8	There are almost as many ways to hit FI as there are moves in a chess match.
	...

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.