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Optimal Finance Daily - Financial Independence and Money Advice

3407: 6 Ways to Fix Your Finances and Resuscitate Your DOA Money Situation by Mikey Rox on Financial Recovery Steps

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 1 January 2026

⏱️ 9 minutes

🧾️ 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 3407: Mikey Rox lays out six practical, no-nonsense strategies to help you take back control of your finances, from ditching impulsive spending to identifying hidden subscription drains. With expert insights from voices like Jeff Kreisler and Logan Abbott, this guide empowers you to be more mindful with your money and avoid common financial traps that keep people stuck. Read along with the original article(s) here: https://lenpenzo.com/blog/id50507-6-ways-to-resuscitate-your-doa-finances-today-2.html Quotes to ponder: "When you buy something that used to be $100 but is 35% off, you’re not ‘saving’ $35, you’re spending $65. Instead, compare the price you’re paying to zero, that is, the price of not buying it at all." "Pull up your online banking information and write down every single recurring subscription that you’ve paid during the past 90 days." "These methods are unavoidable, but keep in mind that paying in cash will always save you money. Try to be mindful and treat all of your payments as if they were cash." Episode references: Wirefly: https://www.wirefly.com Dollars and Sense: https://www.amazon.com/Dollars-Sense-Smart-People-Money/dp/006265120X Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Because you bought your robot vacuum on your Barclay card, you got zero percent interest for up to 24 months, which makes watching it, hypnotically sweeping up your crumbs, even more satisfying. Oh, Mr. Bit? What you buy is your business. Helping you pay less interest is ours. Barkley Card, make money work for you. Subject to financial status, new customers only.

0:22.4

Representative example, 24.9% APR representative variable, 24.9% purchase rate per annum based on 1,200 pound credit limit tees and sees apply.

0:30.2

Olivia Coppo here to tell you all about the launch of the new Abercrombie Spring Denham Collection, made the way denim should feel.

0:38.8

Their denim has always been a staple in my wardrobe and has a wide range of fits, styles, and washes. Every gene is available in both

0:44.5

their classic fit and viral curve love. Shop in the app, online, and in stores. This is Optimal Finance Daily.

1:01.7

Six ways to fix your finances and resuscitate your DOA money situation.

1:07.1

By Mikey Rocks with Len Penzo.com.

1:11.0

Stressed out by your financial situation, aren't we all?

1:14.9

Here are six strategic moves you can make to regain control of your money situation.

1:19.9

Fix your finances and put you back in the driver's seat.

1:23.4

Have a listen.

1:25.1

Number one, stop impulsive shopping. Many of us are guilty of shopping impulsively

1:30.8

when there are good deals thrown in our faces via junk mail, advertisements, and other promotion media.

1:37.1

But the only time those deals usually make sense financially is if they're actually needed

1:42.1

at the time of the sale. Otherwise, we're just spending to spend.

1:46.8

Jeff Kressler, co-author of the book Dollars and Sense, explains, quote, when you buy something

1:53.0

that used to be $100 but is 35% off, you're not saving $35. You're spending $65. Instead, compare the price you're paying to zero. That is,

2:04.8

the price of not buying it at all, end quote. Number two, cut back on reoccurring subscriptions.

2:12.4

The subscription model is growing in popularity, so it's easy to overdo it and maybe even forget about all of your

2:18.7

subscriptions. Personal finance expert Jeff Proctor suggests an easy way to fix your finances

2:24.5

by taking some of your budget back. Quote, pull up your online banking information and write down

2:30.8

every single reoccurring subscription that you've paid during the past 90 days.

...

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