3398: What is Financial Literacy? by Jake Wengroff with I Will Teach You To Be Rich on Essential Finance Skills

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 24 December 2025

⏱️ 13 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 3398: Jake Wengroff lays out a clear, actionable approach to mastering your money by shifting how you think about it, no spreadsheets, no stock-picking stress, just smart systems and mindset shifts. Drawing from Ramit Sethi’s five-step method, this guide helps you automate your finances, uncover hidden income, invest early, eliminate debt, and boost earnings without sacrificing the joy of spending. Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/financial-literacy/ Quotes to ponder: "You won’t miss the money because all (or most) of your money will go where it’s supposed to go, automatically." "Understanding how credit card debt, credit history, credit reports, and credit scores work, and their relationship to your overall financial health, is an important part of your financial literacy." "You can use the skills and experience you already have to make more money and put it into your accounts." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:33.9	Based on the worldwide bestselling novel.
0:36.4	Why do you want this job?
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0:55.0	What kind of monsters are we?
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1:04.6	This is Optimal Finance Daily.
1:07.2	What is Financial Literacy?
1:09.3	By Jake Wengroff with I Will Teach You to Be Rich.com.
1:14.1	Most people think financial literacy means fixing spending habits like daily $4 lattes and investing the money in some little-known financial instrument your college roommate can't shut up about on Facebook.
1:26.6	It is so much more than that. Financial literacy
1:29.8	is something that is new for a lot of people. It usually takes a long time to acquire, but the good
1:35.6	news is that we can speed things up for you, saving hundreds of hours of frustration and confusion
	...

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