3320: My Worst Money Mistakes by ESI on Lessons Learned from Financial Missteps

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 17 October 2025

⏱️ 9 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 3320: ESI pulls back the curtain on his biggest financial missteps, from reckless early spending to investing in high-fee mutual funds and getting burned by an uninsured bank. With hard-earned humility and clear-eyed reflection, he shows that even serious money mistakes can still lead to long-term success, offering listeners a reassuring reminder that it’s never too late to turn things around. Read along with the original article(s) here: https://esimoney.com/my-worst-money-mistakes/ Quotes to ponder: "I had no budget and absolutely no savings. I was making a fortune after all, why did I need to save?" "If I had loosened up a bit and been willing to accept properties with a 9% return, I’d probably have twice as many properties as I do now." Episode references: Beating the Street: https://www.amazon.com/Beating-Street-Peter-Lynch/dp/0671891634 Vanguard Index Funds: https://investor.vanguard.com/investment-products/mutual-funds Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:01.3	This is Optimal Finance Daily. My worst money mistakes by ESI of ESIMoney.com.
1:10.1	Reading ESI money, you might think I'm a financial genius who has always had
1:14.7	everything money related figured out. That's far from true. I do write mostly about the positive sides
1:22.0	of what I've done because one, much of it has been positive, and two, I think people want to try and emulate what's worked well.
1:30.5	That said, there are obviously learnings to be learned from failures, not to mention the fact that I
1:36.3	need to eat some humble pie now and then. So today I'm sharing with you the list of my worst money
1:42.6	mistakes. Waiting to Save. Once I got out of grad school, I'm sharing with you the list of my worst money mistakes.
1:45.7	Waiting to Save.
1:50.8	Once I got out of grad school, I did what many new MBA students do.
	...

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