Doug and Amberly chat about key tenants of Financial Independence, shifts in the community over the years, and how each of them have “failed” in different FI-related areas (along with some successes).  Amberly also shares details of an upcoming FI cruise!

Change in FI philosophy from a focus on saving to spending & living a fulfilling life.

Doug & Amberly’s FI failures: credit card points/travel rewards, budgeting & tracking expenses, 4% rule, optimizing contributions to retirement accounts, savings rate, frugality, whole life insurance, house hacking, college degrees, travel, buying a new home,

Success with mindful consumption

Amberly’s experience with CNBC & dealing with early retirement critics

Trying to maintain your FI Membership Card? One way to do this is by supporting us at Buy Me A Coffee.  (Disclaimer: No actual membership card will be provided)

Links

Mad Fientist

ChooseFI Travel Rewards

The Fioneers

Mark’s Money Mind

Fincon

Amberly on CNBC

Doug’s site

Carl’s blog: 1500 Days

Connect with Amberly Grant!

AmberlyGrant.com

FinTalks

Instagram

Facebook

--

**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:

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

0:00 Introduction

1:56 FinTalks cruise

7:57 Shifts in the FIRE community

14:52 Failure #1: Travel rewards

22:42 Failure #2: Budgeting & expense tracking

35:38 Failure #3: 4% rule

38:37 Failure #4: Optimizing retirement contributions

46:15 Failure #5: Savings rate

48:25 Failure #6: Frugality

1:00:40 Misc failures & mindful consumption

1:09:35 Criticism of early retirement

1:18:20 Soundcheck - Hot sauce

Doug and Carl talk to Chris Hutchins about life hacks, optimization, and key takeaways/changes driven by the book “Die with Zero”.  Chris also discusses his podcast “All the Hacks” and his plans to further evolve the brand.

Chris’s passion for digging deep into content that interests him

Taking “All the Hacks” from not only a podcast, but to a platform that builds community through a membership program (dubbed the “AAA for our generation")

Misconceptions about life hacks - looking for shortcuts vs. putting in the work for better outcomes

“Die with Zero” takeaways - maximizing life vs. net worth, time bucketing, providing inheritances before death

One of the best hacks is supporting Mile High FI.  Come on over to Buy Me A Coffee to start optimizing your life today!

Links

Chris Hutchins:

All the Hacks

All the Hacks Membership

Bill Perkins episode

Arthur Brooks episode

Ramit Sethi

Tim Ferriss

Playing with Fire movie

Rich Roll, Why You Shouldn’t Hack Your Life

Bill Perkins, Die With Zero

Trust & Will

Doug’s site

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

1:49 Ramit Sethi

7:18 Building the podcast

14:34 Chris’s origin story

24:22 Optimization failures

33:24 “Die With Zero” takeaways

44:48 Estate planning

50:09 Chris’s favorite episode & hack

Inspired by the book Die With Zero, Doug and Dusti discuss buckets lists & time buckets and provide personal examples/goals from their own lives.

Definition of bucket lists and time buckets

Doug & Dusti’s backgrounds, life expectations, goals, and personal time buckets by decade.

Bucket planning - with a partner vs. alone, need for flexibility

Is supporting Mile High FI on your bucket list? If so, head on over to Buy Me A Coffee.

Links

Bill Perkins, Die With Zero

Stanford Definition of Bucket List

Business Insider Definition of Time Buckets

Peter Attia, Outlive

Leckerlee Cookies

Oliver Burkeman, Four Thousand Weeks

Thom Lafond

Connect with Dusti:

Instagram

Facebook

Doug’s site

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

7:01 Bucket lists

15:38 Time buckets

21:17 Doug & Dusti’s background/life expectations

34:14 Impact of activity & fitness

45:00 What’s in Doug & Dusti’s time buckets

55:43 Planning

1:06:35 Soundcheck - Dancing Doug

Doug and Carl talk about a case study submitted by New Jersey Steve! It turns out that Steve is doing really well, but could still use some gentle nudges.

Steve’s money situation (he’s doing really well!)

Should Steve take the new job?

Identity and purpose after leaving work

Leaving money on the table

Do you love Mile High FI? Support us over at Buy Me A Coffee. It’s the right thing to do. Don’t wait, act now!

Links

Doc G’s book: Taking Stock

Nate Bargatze - Worst time traveler

Doug’s site

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

1:23 TV show recommendations

8:49 Steve’s questions & initial analysis

14:02 Identity crisis

24:54 Squandering opportunities

33:32 How to make a decision

38:05 Value of time vs. money

43:17 Final thoughts

48:56 Soundcheck - Egyptologist

Carl was harassed by a YouTube troll. Now, he wants to know how to deal with insults. Doug is immune from criticism, so Carl asked him about his stoic ways.

Carl tells the story of the troll

Does Doug consider himself to be stoic?

You don’t matter

The traffic situation that makes Doug mad

Do you love Mile High FI? I hope so because we love you. We really do. Show us your love by supporting us: Buy Me A Coffee.

Jocko podcast: Are the insults about you true?

Mr. Money Mustache on BiggerPockets Money

Derek Sivers

Doug’s site

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

1:10 Whiskey

8:34 Doug’s Stoicism journey

15:16 Handling criticism

24:33 Letting go of stress & anxiety

32:46 External validation

39:27 Carl’s Stoic aspirations

44:33 Lowering stress by doing less

52:45 Soundcheck - Writer’s retreat

Doug and Carl talk about Craig’s money situation.

4% Rule. Yet again.

Craig is KILLING it. He REALLY needs to quit.

Navigating the ACA.

What to do with yourself in retirement.

Do you want to support Mile High FI? Yes? Great, that's what we were hoping to hear! Come on over to Buy Me A Coffee.

Die With Zero

Arik Peterson

Health insurance: Carl and Mindy used this free service to find an ACA plan. It worked great! The service gets paid by the insurance company for the referral.

Doug’s site

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

1:28 Lazy book ideas

9:20 Craig’s questions & initial analysis

16:55 Die With Zero

26:22 Healthcare

30:12 How to fill the time

39:38 Final advice

46:25 Soundcheck - Hydration

Living in a van down by the river used to be for the destitute. Now, all of the cool kids are doing it. Doug and Carl talk about van life with Teri Slater, a Longmont local and friend. Teri is a financial expert with a remarkable story. She got out of 200K in debt, having some very difficult conversations along the way with a spendy partner. Now, she’s building a van to begin the next journey of her life.

Getting out of big debt

Choosing a van

Van conversions

Road trips

Starlink satellite internet

Eating healthy on the road

Full costs revealed

Do you think that Mile High FI is a great listen? Well then, support us! It’s quick and easy over at Buy Me A Coffee.

Teri’s Instagram

Van Life Academy

Harvest Hosts

Boondockers Welcome

Trusted Housesitters

Doug’s site

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

1:25 Intro to Teri Slater

5:11 Getting out of debt

9:49 Van build out

20:50 Planning where to go

25:39 Starlink

31:58 Daily routine & organization

36:57 Eating on the road

40:43 Van life expenses

48:50 Reflections & perfect day

54:10 Soundcheck - Omaha

Carl and Mindy were on Ramit Sethi’s podcast. Why? How? When? Doug gets answers.

Why do this?

What was the experience like?

Stop using the word “optimization!”

Surprising advice

Changes

Do you think that Mile High FI is a great listen? Well then, support us! It’s quick and easy over at Buy Me A Coffee.

 

Links

I Will Teach You To Be Rich Episode 108: “We achieved FIRE with $4.3M. Why can’t we enjoy it?”

Ramit on Mad FIentist

Support Mile High FI

Doug’s site - Check out the NEW Sleep Post.

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

1:51 Why go on Ramit’s podcast?

6:15 What the experience was like

13:40 Issues to solve

19:37 Key takeaways

27:38 Small steps towards change

35:46 “Die With Zero” criticism

42:08 Impact of the interview

50:30 Podcast takeaways & tips

56:40 Cleaning

1:02:20 Soundcheck - Costco grand opening

Doug and his co-host Amberly chat with Chen-Chen Huo, co-founder of a banking startup called Nexus. Chen-Chen has a very interesting path as an entrepreneur, working first in the mac & cheese business before moving into fintech.  Nexus has some cool, disruptive ideas, such as providing users the ability to invest their full balance to earn market returns, with the idea that your bank account should be earning money for you and not the bank.

Choosing entrepreneurship vs. a safer route

Risk avoidance/risk tolerance

What enabled risk-taking & runway for growing a business

Building a good team

Goals at Nexus and how it works

And of course, Mac & Cheese

Support us over at Buy Me a Coffee. Everyone else is doing it, we think you should too!

Links

 

Nexus

Nexus on TikTok

Nekus on Instagram

Econome

Doug’s site

Carl’s blog: 1500 Days

Connect with Amberly Grant!

AmberlyGrant.com

FinTalks

Instagram

Amberly on Facebook

--

**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:

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

0:00 Introduction

1:20 Build-your-own mac & cheese (MAC’D)

7:19 Amberly & Chen-Chen at Econome

13:47 Chen-Chen’s financial upbringing

20:07 Entrepreneurship & risk-taking

28:57 Nexus - revolutionizing banking

34:54 Comparing food industry vs. fintech

41:11 Building a good team

46:02 Accountability

50:25 How Nexus operates

Doug and Carl talk to Kyle Landis-Marinello about the (mostly financial) mistakes each of them have made.

Kyle recounts an interview gone bad and learning about personal finance/financial independence late in life

Carl’s scarcity mindset, not spending enough, not taking much time off, and selling Apple stock to fund a real estate purchase

Doug describes a house purchase and subsequent foreclosure

Other mistakes: Miscalculating student loan repayments, stopping contributions to retirement accounts in down markets, analysis paralysis

Do you love Mile High FI? Do you loathe Mile High FI?  Regardless of your feelings, set those aside and support us over at Buy Me a Coffee.

Links

Kyle on MHFI Episode 76

Kyle's website

Kyle's book: Personal Finance and Investing

Doug’s site

Carl’s blog: 1500 Days

--

**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:

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

0:00 Introduction

2:37 Reintroduction to Kyle Landis-Marinello

9:08 Kyle’s mistake #1 - Faulty pants

14:13 Kyle’s mistake #2 - Learning about money late

21:06 Carl’s mistake #1 - Not spending

25:33 Carl’s mistake #2 - Selling Apple

29:56 Doug’s mistake - Buying a house

43:12 Kyle’s mistake #3 - Student loans

47:29 Other mistakes

53:10 Soundcheck - Fashion Advice