Mile High FI Podcast

By Doug Cunnington, Mr. Money Mustache, & Carl JensenSociety & Culture Business Investing Careers

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per episode

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Mile High FI Podcast episodes

September 24, 2024Recorded in Full Self Drive in Tesla Model Y | MHFI 234
Join Doug and Carl as they embark on a road trip in Carl’s Tesla Model Y. In this episode, they discuss the state of their podcast, upcoming exciting series on happiness, and their plans for book writing. (Sorry about the audio! Doug sounds horrible, first time recording like this so I hope next time it’ll be better…)
The duo shares their personal experiences, insights on podcast growth, and humorous tangents.
Support our sponsor: GhostBed! Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed.com/milehighfi (coupon code: MILEHIGHFI)
Nectarine is a network of financial advisors where you just pay for investing & planning advice. Advisors don’t manage your money, sell products, or earn commissions. We’re affiliates so we can earn a commission if you sign up. Thanks for the support.
https://milehighfi.com/nectarine
Help us buy enough Lazy Books to make it a New York Time’s best seller by supporting us at Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)
EconoMe Conference
FinCon
ChooseFI, “Deep Dive: Roth IRA Conversion Ladder | Ep 503”
ChooseFI, “How and Why to Set up a Roth IRA Conversion Ladder”
Brad Barrett/ChooseFI
Jordan Grumet/Doc G, “The Purpose Code”
Kindle
Hardcover
David Goggins, “Can’t Hurt Me”
Kindle
Hardcover
Paperback
Audiobook
Stephen King, “You Like It Darker”
Kindle
Hardcover
Paperback
Audiobook
Jeremy Schneider on MHFI episode 122
Celeste Headlee, “Do Nothing”
Kindle
Hardcover
Paperback
Audiobook
CampFI
Pete Adeney/Mr. Money Mustache
Mark Trautman
MHFI 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
00:00 Introduction
01:27 Recording in the Tesla
03:10 Podcast Stats and Listener Questions
06:50 Promotional Ideas and Merchandise
10:22 Book Writing and Future Plans
23:37 Elizabeth’s Retirement Update
26:23 The Impact of Moving and Influences
27:06 Upcoming Trip to Breckenridge
28:37 Tickleball and Brisket Adventures
30:34 Sleep Issues and Solutions
34:30 Workout Routines and Rest
41:59 Vitamin D and Health Insights
46:57 Final Thoughts
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
51 min
September 17, 2024Navigating the Journey to FI: Real Estate, Retirement, and Financial De-Risking | MHFI 233
Doug and Carl answer questions from the Facebook mailbag.
Akshay – I like the concept of giving money away, but I don’t want to die with zero. This is too close for comfort. I agree with helping out kids with their education, as long as they have skin in the game. I also agree with the idea of not wanting to wait until the end to pass your wealth onto your kids. It’s very much aligned with our life plans. However, I prefer to not die with zero, even though the book, by the same name, is nothing short of genius. Here’s why – say you give away all your money before you die and you need some or all of it back, you might need extra money based on your condition, health, other expenses for end of life, assisted living, etc
Branden – More stories of people who did it without rental real estate!
Angela – I’d like to hear about what to do in the last 5 years before retirement. Things like buffering HYSA, acquiring bonds (sell stocks or buy bonds outright?), health insurance, dental insurance, vision insurance, things I might want to consider before I quit my job.
Jon – Withdrawal tactics – from index funds to short & medium term living expenses or keeping a high interest account, etc
Chris – It’s been a little over 1 year since you & Mindy were on Ramit’s podcast. MHFI episode 167 provided a good recap where both of you discussed some changes you wanted to make. Can you provide an update and discuss any changes you actually made, what changes you still would like to make, and any challenges/struggles you’ve faced along the way?
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Nectarine is a network of financial advisors where you just pay for investing & planning advice. Advisors don’t manage your money, sell products, or earn commissions. We’re affiliates so we can earn a commission if you sign up. Thanks for the support.
https://milehighfi.com/nectarine
Feel bad that Carl STILL hasn’t installed those pesky door knobs? Support us at Buy Me A Coffee so he can afford to pay someone to install them.
Links
(*Some affiliate links so we might earn a commission if you buy something)
MHFI Facebook group
Bill Perkins, “Die With Zero”
Kindle
Hardcover
Paperback
Audiobook
Darren & Jolene on MHFI episode 228
Bob Haines on MHFI episode 210
Pete Adeney/Mr. Money Mustache
Brad Barrett/ChooseFI
JL Collins, ““How I Lost Money in Real Estate Before It Was Fashionable”
Kindle
Hardcover
Paperback
JL Collins on MHFI episode 201
Arik Peterson on MHFI episode 90
Eddie & Travis/Downshift Financial on MHFI episode 024
Jeremy Schneider on MHFI episode 122
Go Curry Cracker, “The Path to 100% Equities”
Recap of Carl & Mindy’s interview with Ramit on MHFI episode 167
EconoMe Conference
Amberly Grant/FinTalks Cruise
CampFI
Tim Ferriss
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
2:06 Question – Not dying with zero
6:01 Rental real estate
11:06 Question – Early retirement without real estate
16:13 Question – What to do 5 years before retirement?
23:14 Question – Withdrawal tactics
29:47 Question – Life since Ramit podcast
36:43 Carl’s future spending plans
42:21 Ramit’s advice not taken
46:45 Guitar aspirations
51:01 Soundcheck – A break from FI events?
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
57 min
September 10, 2024Consumerism Chaos: Car Prices, Fast Food Inflation, and Tipping Culture | MHFI 232
Doug and Carl chat about various aspects of consumerism including recent trends, rising costs, and the evolving culture of tipping. They discuss the rising cost of vehicle prices & financing, increasing cost of car insurance, the future of autonomous cars, and compare fast food & grocery costs over the last decade. They also delve into the confusing culture of tipping to debate proper etiquette and question when & how much to tip.
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Similar to autonomous vehicles, we believe the future of podcasting should be autonomous as well. Help us transition this show to AI & robots by supporting us at Buy Me A Coffee.
Links
Tony Seba
KBB, “When Will New Car Prices Drop?”
LendingTree, “Average Car Payment and Auto Loan Statistics 2024”
Statista, “Share of used and new vehicles with financing in the United States from 2017 to 2023”
Bankrate, “The true cost of auto insurance in 2024”
FinanceBuzz, “Is Fast Food Affordable Anymore? Here’s How Menu Prices Have Changed Over the Years [2024]”
Pete Adeney/Mr. Money Mustache
Brad Barrett/ChooseFI
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
2:35 Car prices & payments
8:07 The future of autonomous cars
12:46 Increasing cost of car insurance
17:04 Rising fast food costs
23:38 Impact of inflation on food & grocery purchases
26:45 Tipping culture: confusion & controversy
31:21 Expansion of tipping into more & more locations
39:28 Soundcheck – Mini fitness updates
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
47 min
September 03, 2024$60k in Debt to Early Retirement [rebroadcast] | MHFI 231
Doug and Carl chat with Dan Manwaring, a former medical device salesman, who transformed his life from being $60K in debt to retiring early and traveling the world. Dan discusses his professional journey, his approach to financial independence, and his unique travel experiences along with fitness routines, eating habits, and the importance of enjoying simple daily routines for overall happiness.
Note: This is a rebroadcast of MHFI episode 130
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Unfortunately we still can’t find any breweries to sponsor us, so hopefully you can help us out instead over at Buy Me A Coffee.
Links
Connect with Dan on Instagram
Mark Trautman
FI Chautauqua
Pete Adeney/Mr. Money Mustache
Mr. Money Mustache, “Happiness is the Only Logical Pursuit”
“Playing with Fire” movie
Brandon Ganch/Mad Fientist
David Baughier on MHFI episode 138
Stephen Baughier/CampFI
Wait But Why, “The Tail End”
Huberman Lab
Peter Attia, “Centenarians”
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
2:08 Deep Sleep
10:05 Pharmaceutical & medical sales
15:12 Discovering FI
23:00 Challenges & reflections on the FI journey
30:04 Decompressing after retirement
36:42 Travel adventures
41:43 Spending time with family
47:09 Fitness & health
56:49 Keto & the perfect day
1:04:59 Soundcheck – Longmont breweries
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
1 hr 9 min
August 27, 2024Time Share Pitches & FI-Centric Road Tripping | MHFI 230
Doug and Carl catch up to discuss their recent summer adventures. They discuss Carl’s FI-centric road trip & his future travel plans, Doug’s experience with timeshares, fitness routines while traveling, and an update on Doug’s back injury. And because this is a money podcast, they also touch on the current state of the stock market.
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Want to support our new product line of Mile High FI eye masks (complete with googly eyes)? If so, head over to Buy Me A Coffee.
Links
ChooseFI Local Groups
Physician on FIRE on MHFI episode 112
Physician on FIRE, “A Timeshare Presentation Survival Guide: Getting to No”
FinCon
Chris Hutchins, “My New Routine, Timeshare Pitches, and Podcast Plans for 2024”
CampFI
Matt & Joel/How to Money, “Should You Buy a Refurbished Phone?”
Mark Trautman
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
1:44 Carl’s recent road trip
5:59 Traveling less
10:20 Doug’s timeshare experience
17:58 Future timeshare research
21:22 The math behind timeshares
28:55 New member of the family
33:35 Voice-to-text woes
40:52 Doug’s back injury
44:43 Working out on the road
51:04 Current stock market volatility
57:08 Soundcheck – Summer heat
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
1 hr 2 min
August 20, 2024Mr. Money Mustache on Simplifying Your Finances (Live CampFI) | MHFI 229
Doug and Carl answer a potpourri of audience questions at CampFI Rocky Mountain with help from Mark Trautman (Mark’s Money Mind), Pete Adeney (Mr. Money Mustache), Travis Hughes (Downshift Financial), and Mindy Jensen (BiggerPockets Money/Mindy on Money).
On a scale of 1 to 10, how happy were you to see asparagus served in the cafeteria at CampFI?
What was the most embarrassing moment on the way to FI?
For Pete:
How do you navigate a complex case study – how do you look at it, and how do you simplify?
If we find ourselves in a really good situation it might be better to change the world a little bit while we’re still alive. Why do we have to wait until we’re dead?
How do you feel about asparagus?
Can you talk about your interest in coaching and why you enjoy it?
What has surprised you about post-FI life?
What is still on your bucket list to do post-FI?
As a recovering FIRED software engineer, I’m still too much into routines and planning. How do I introduce more spontaneity into my life post-FI?
What is your second favorite vegetable (besides asparagus)?
For Travis:
Is a Roth conversion considered earned income? Is it income that can be deducted for HSA, rental loss, other business loss, capital gain loss?
What is the weird habit you do in the bathroom that you don’t want anyone to know?
What percentage of assets should be in bonds vs stocks and when should you rebalance?
Why is Emma so awesome?
For Mindy:
What is your favorite part of CampFI?
Compare and contrast index funds vs real estate
Any interest in a new FI movement – Sasquatch FI (whereby you pursue FI to find a life dedicated to traveling the world in search of the elusive, enigmatic Bigfoot)?
FI has changed a little bit from the early blogging days, so how do you see it shifting with “Die With Zero”? How do you see the new wave of FI?
David Lee Roth or Sammy Hagar?
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Missed CampFI but still want to hang out? If so, join us in our Facebook group or over at Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)
CampFI
Mark Trautman
Mark’s Money Mind website
Mark’s Money Mind podcast
Pete Adeney
Mr. Money Mustache blog
Instagram
Mr. Money Mustache, “Notes on Giving Away my First $100,000”
Mr. Money Mustache, “How to Give Money (and Get Happiness) More Easily”
Travis Hughes/Downshift Financial
Mindy Jensen
Email: [email protected]
BiggerPockets
BiggerPockets Money
Mindy on Money scholarship
Darren & Jolene/Dare to Draw Down
Maggie Gunther
Peter Singer, “The Life You Can Save”
Hardcover
Paperback
Audiobook
JL Collins
FI Freedom Retreats
Bill Perkins, “Die With Zero”
Kindle
Hardcover
Paperback
Audiobook
Bob Haines on MHFI episode 210
Wim Hof
BJ on MHFI episode 217
Dan Sheeks/Sheeks Freaks
Early Retirement Extreme
Heavy Metal Money
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
3:35 Most embarrassing FI moment
10:26 Pete discussing Case Studies
16:50 Giving back with Pete
22:23 Post-FI life
28:03 Introducing spontaneity
34:08 Travis discussing Roth Conversions
41:42 Asset allocation & rebalancing
48:44 The Mindy takeover
55:18 Mindy comparing index funds vs real estate
1:02:58 New wave of FI
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
1 hr 12 min
August 13, 2024Accidental FI at Age 45 & 48 - Darren & Jolene | MHFI 228
Doug chats with early retirees Jolene & Darren about their path to financial independence and early retirement. The couple shares their experience from 20-year careers in agronomy, high savings rates, and the impact of discovering the FIRE movement in 2018. They discuss life changes including downsizing possessions, international travel, utilizing the 72T rule to access retirement funds early, health insurance options, the benefits of South Dakota residency, and the importance of community.
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Do you believe community is important as well? If so, hang out with us in our Facebook group or over at Buy Me A Coffee.
Links
Dare to Draw Down
CampFI
ChooseFI podcast
Doug’s other podcast, “The Doug Show”
Smart Passive Income Podcast with Pat Flynn
The Authority Hacker podcast
Empower (formerly Personal Capital)
NewRetirement
Nectarine, Advice-Only Financial Advisors
“Playing with Fire” movie
Bill Yount/Catching Up To FI
Go With Less
Mark Trautman
Retirement and IRA Show podcast
MDsave
Escapees RV Club
EconoMe Conference
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
3:39 Discovering Financial Independence
8:44 One of these FIRE people
13:06 Obtaining the confidence to retire
21:14 Tracking expenses & asset location
26:15 Using a 72T in retirement
38:32 Transitioning into retirement & retiring to something
43:09 Hiking in Europe
51:46 Memorable meals & sleep while traveling
57:54 Downsizing
1:06:39 Implementing the 4% rule & changing expenses
1:14:13 Health insurance & South Dakota residency
1:25:49 Soundcheck – CampFI
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
1 hr 31 min
August 06, 2024Go Bucket Yourself [rebroadcast] | MHFI 227
Doug and Carl chat with Debbie and Chris Emick from the “Go Bucket Yourself” blog & podcast about their journey to financial independence. Debbie & Chris discuss their core values, real estate, overcoming challenges & fear, cultivating a growth mindset, the significance of community building, and their adventurous lifestyle, including homeschooling and travel.
Note: This is a rebroadcast of MHFI episode 052
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Head over to Buy Me A Coffee and help support us, so that we can adopt a pig for our mascot.
Links
(*Some affiliate links so we might earn a commission if you buy something)
Connect with Debbie & Chris:
Go Bucket Yourself website
Go Bucket Yourself podcast
Debbie’s Instagram
Chris’s Instagram
Debbie Emick, “The Other Side of Perfect”
Kindle
Hardcover
Paperback
Audiobook
CampFI
Physician on FIRE
Ryan Holiday Books
“The Obstacle Is The Way”
Kindle
Hardcover
Paperback
Audiobook
“Ego Is The Enemy”
Kindle
Hardcover
Paperback
Audiobook
FinCon
Jillian Johnsrud on ChooseFI podcast episode 084
Robert Kiyosaki Books
“Rich Dad Poor Dad”
Kindle
Paperback
Audiobook
“Cashflow Quadrant”
Kindle
Hardcover
Paperback
Audiobook
BiggerPockets podcast
BiggerPockets Money podcast
Mr. Money Mustache
Maggie Tucker/Friends on Fire on Go Bucket Yourself podcast episode 41
Diania Merriam/EconoMe Conference
Front Row Dads
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
5:36 Pooping in holes
11:35 Traveling with kids & homeschool philosophy
19:35 Origins of Go Bucket Yourself & core values
24:07 Eliminating obstacles & overcoming fear
32:27 Discovering FIRE
37:55 Remote real estate investing
45:01 Transition to RE
50:00 Productivity vs learning to relax
54:26 Finding fulfillment in retirement
58:05 Mindset shifts on the path to FI
1:03:01 Willpower & additional bandwidth
1:10:12 The perfect day
1:17:17 Masterminds
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
1 hr 24 min
July 30, 2024Unfrugal Habits of the Wealthy, Auto Loans, Insurance - Mailbag | MHFI 226
Doug and Carl answer questions from the Facebook mailbag and read recent podcast reviews.
Kristian – I was recently discussing the subject of financial independence with a friend, she sits in the business and entrepreneurial camp, and she has a strong opinion, regarding “having a FI number” as she thinks it is limiting my mindset. She often says that she feels like it’s working towards a minimum standard rather than trying to maximize my potential. Do you have any thoughts on this?
Brett – Car loan pay-off is $7053; car loan is $446 a month, interest is 2.3%. Have been paying $200 a week to get the car paid off ASAP. Savings is paying 5.5% APY. Should I continue paying the car off ASAP or would it make more sense to just pay the monthly payment due to the savings APY?
Molly – I drive a really beautiful and sleek 2008 Honda Civic. My insurance keeps creeping up. I just spoke to the agent and I could raise my deductible to 1K or 2K for modest savings, but the 5K deductible gets me to around $60 a month. I like the sound of that – but is a 5K deductible insane? I have zero desire to upgrade my car. I like the older cars that aren’t fully computer chips at this point. What do you guys think?
Ben – Anyone else a very unfrugal FI individual? I like to eat out, I like newer cars, I like new toys.
Steven – Vanguard recently sent a letter stating that my Solo 401k is moving to Ascensus. Ultimately it looks like the potential for a couple new fees that I would rather avoid. So with that in mind what would you suggest?
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Answering all these questions makes us hungry. Support us over at Buy Me A Coffee so we can afford some Taco Bell.
Links
MHFI Facebook group
Elizabeth on MHFI episode 212
Early Retirement Now
Chat GPT analysis for paying off car loan (Brett’s question)
BiggerPockets Money podcast
EconoMe Conference
Downshift Financial
Paula Pant/Afford Anything
Allison on MHFI episode 220
Jim Dahle/White Coat Investor
Reddit, “Huberman struggling with very basic statistical concepts”
Reddit, “Vanguard sells their Solo 401k business to Ascensus”
CampFI
“Mindy On Money” podcast
JL Collins
Kristen Rainey on MHFI episode 019
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
1:04 Question – Is having a “FI number” limiting?
6:37 A little bit dangerous
11:48 Question – Payoff a low-interest car loan?
18:48 Question – Raising a car insurance deductible?
24:50 Sleeping experience on a cruise
28:40 Question – Unfrugal FI individuals
34:19 Question – Solo 401k moving to new provider
42:20 Recent reviews
49:53 Preparing for CampFI
54:28 Soundcheck – EVs & Les Pauls
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
1 hr
July 23, 2024FIRE in a Recession or When the Market Takes a DIVE [rebroadcast] | MHFI 225
Doug and Carl discuss the challenges of retiring during a market downturn. They delve into the significance of Sequence of Returns Risk & inflation then propose strategies for financial management during recessions, such as cutting expenses, maintaining cash reserves, adjusting withdrawals, part-time work, and re-evaluating investments.
Note: This is a rebroadcast of MHFI episode 133
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
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Links
EconoMe Conference
JD Roth/foldedspace
JD Roth on MHFI episode 127
Go Curry Cracker, “The Path to 100% Equities”
Michael Kitces, “Understanding Sequence Of Return Risk”
Michael Kitces on BiggerPockets Money podcast episode 351
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
4:11 Introduction 2
9:29 Taylor Swift
14:28 Retiring during a recession
18:37 Sequence of returns risk & inflation
23:11 Mitigating Sequence of Returns Risk & inflation
28:51 Other strategies for a downturn
34:28 First decade matters the most
38:43 Blooper- Failed quote
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
40 min

About Mile High FI Podcast

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Real talk about Financial Independence and life after corporate jobs. Doug Cunnington and Mr. Money Mustache talk about FI, lifestyle, side hustles, health, and anything on their minds. Plus, they…