When Spending Feels Wrong: Tackling FI Guilt and Money Mindsets | MHFI 196

Money Struggles, Celebrating Success, and Potential Return to Work (in the soundcheck)

We discuss listeners' questions on their individual financial journeys. Topics covered include the struggle to attain financial independence, the guilt associated with spending large amounts, the decision to stay in a high-paying but unfulfilling job versus seeking a lower-paying but satisfying career, and the challenges of maintaining control amidst smaller and larger expenses.

Lastly, Carl shared his thoughts on possibly returning to work if a specific, exciting opportunity comes his way, and we discussed our spending habits and attitudes to managing finances.

Links:

All The Hacks (includes discussion on Mint alternatives)

Mad FIentist on Mile High FI

Mark Trautman

Money trackers:

Empower: https://www.empower.com/

Kubera: https://www.kubera.com/

Copilot: https://copilot.money/

Projection Lab: https://projectionlab.com/

Mad FIentist FI Laboratory: https://www.madfientist.com/fi-laboratory/

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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**

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00:01 Introduction to the Mile High Fi Podcast

00:33 Discussing Money Struggles

01:12 The Demise of Mint: A Personal Finance Tool

02:19 Alternatives to Mint

09:18 Balancing Fulfilling Work and Financial Independence

13:05 Managing Spending and Saving

30:54 Spending Money on Experiences

31:55 The Concept of Time Bucketing

33:06 Reflecting on Personal Struggles

33:11 Evolving with Money

34:58 The Impact of Compound Interest

39:15 The Joy of Acquiring New Things

43:17 The Struggle with Small Purchases

50:26 The Importance of Surrounding Yourself with Like-minded People

53:27 Considering Going Back to Work