3220: [Part 2] 9 Tips For Financial Success And Freedom - Take Control Of Your Money by Michelle Schroeder-Gardner

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 21 July 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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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 3220: Michelle Schroeder-Gardner emphasizes five key strategies to strengthen your financial foundation, paying off high-interest debt, holding regular family money meetings, diversifying your income, saving for retirement, and tracking your money. These practical steps not only reduce stress but also empower you to make informed decisions, align your household around shared goals, and build long-term financial freedom. Read along with the original article(s) here: https://www.makingsenseofcents.com/2021/07/financial-success.html Quotes to ponder: "High-interest rate debt simply becomes more and more difficult to pay off over time as those interest charges build and build and become unmanageable." "Having regular money talks with your family usually means increased communication between partners, a unified financial goal, partners being more involved, and so on." "Even if you think that you love your job and will want to work forever, you never know what the future may bring." Episode references: Wealthfront: https://www.wealthfront.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:00.8	This is Optimal Finance Daily. Nine tips for financial success and freedom. Take control of your money.
1:07.8	Part two by Michelle Schroeder Gardner of Making Sense of
1:11.8	Sense.com number five pay off your high interest rate debt if you have any high
1:20.0	interest rate debt such as credit card debt then I highly recommend paying it
1:24.9	off quickly high interest rate debt simply becomes more and more
1:29.4	difficult to pay off over time as those interest charges build and build and become unmanageable.
1:36.4	Before you know it, that $100 you spend at the store may be costing you $500 over the years.
1:42.9	This kind of debt can add a crazy amount of stress,
1:46.1	and it becomes increasingly hard to pay off, and it will most likely prevent you from reaching
1:51.7	your other financial goals. Due to this, I recommend making a plan and starting to pay off
	...

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