December 12, 2023

DIY Projects, Live-In Flips, and Financial Planning | Mailbag | MHFI 193

57 minutes

Doug and Carl answer questions from the Facebook mailbag.

Sam: How important were the live-in flips and other real estate ventures that you and Mindy got into impact your success and overall net worth?

Patrick: With all of Carl’s DIY experience, what house projects would he now hire out (like flooring, tile, drywall, or bathroom remodels) instead of spending the time doing it yourself?

Lauren: Want to know the opinions of relocating from a low cost-of-living-area to a high cost-of-living-area to be closer to outdoor activities that you love and find a community you identify with. Should someone do it and what tips do you have?

Hallie: Has Doug tried Melanzana’s Wind Pro Sweatpants?

Claudia: How would you do Roth conversions when you have a mix of 401k, IRA, a Roth IRA, and brokerage account? How do you convert when you’re still working, but you’re going to retire soon and you want to minimize taxes now but also in the future? (Approx 3 years from retirement)

Do you have a burning question that you'd like answered? Come join the Mile High FI Facebook group or come support us over at Buy Me A Coffee.

Links

1500 Days Post, "How to Successfully Flip Homes For Fun and Profit"

South Park, “You Call the Handyman”

Paula Pant/Afford Anything

Ramit Sethi, “Why I Don’t Own a House as a Multi-Millionaire”

FinCon

CampFI

Maggie Tucker/Inside Out Money

Downshift Financial

Mile High FI Facebook Group

Doug’s site

Carl’s blog: 1500 Days

Join the Mile High FI Club – It’s our email list!

Get MHFi Merch – It helps support the show. Get t-shirts & more

**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.**

Brought To You By:

The Doug Show, aka Affiliate Marketing & Side Hustles

1500 Days, Carl's Blog about Early Retirement

Email us here: [email protected] or [email protected]

0:00 Introduction

1:08 Question 1: Importance of live-in flips

9:40 Question 2: DIY vs. hiring out

14:37 Tips for finding contractors

19:02 Concerts & recent activities

30:25 Question 3: Relocating to a high cost-of-living area

37:44 Question 4: Melanzana sweatpants

40:04 Question 5: Roth conversions

45:10 Flexible buckets to draw from

53:40 Soundcheck - Melanzana

...more

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By Doug Cunnington & Carl Jensen

4.4

169169 ratings