Doug and Amberly discuss the ins & outs of when to consider using a financial advisor.  They explore the pros & cons of working with advisors, fee structures, the importance of fiduciary responsibility, how to avoid bad financial advice, and complexities of DIY financial management.  They share personal stories and experiences to illustrate the discussion, including Doug’s past mistakes with an advisor and Amberly’s insights from hosting financial discussions & events.

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 business venture, financial advisor/fiduciary hats?  If so, head over to Buy Me A Coffee.

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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.**

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

3:27 Definition of financial advisors

9:14 Fees

16:22 Two hats

22:13 Sleep issues

27:35 Pros of working with financial advisors

38:12 Cons of working with financial advisors

44:27 When a financial advisor is useful

53:20 When DIY might be better

57:25 FinTalks Cruise

1:03:47 Soundcheck – Laid back with rules

Doug and Carl answer questions from the Facebook mailbag.

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 business venture, The Doug Cunnington School of Border Collie Excellence?  If so, head over to Buy Me A Coffee.

Links

(*Some affiliate links so we might earn a commission if you buy something)

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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

1:46 Question – Prioritizing investment accounts

10:47 Question – Long-term care insurance

15:48 Sleep issues

21:25 Hot Brown

24:10 Question – Dating advice

29:44 Filtering for Financial Independence

35:46 Question – Kids & FIRE

39:55 Question – College expenses & inheritances

50:54 Soundcheck – Roadtrip

Doug and Carl chat with Allison, delving into her unique journey as a nanny for high net worth families and some insights & takeaways from those with wealth.  Allison also discusses her path toward financial independence including frugal areas of her life, giving into the (lifestyle) creep, and finally attending an in-person FI event for the first time after being in the community virtually for so many years.

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 business venture, Pets on Jets?  If so, head over to Buy Me A Coffee.

Links

(*Some affiliate links so we might earn a commission if you buy something)

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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

3:12 Life as a nanny for the wealthy

9:22 Insights on wealth & happiness

13:11 Sunk cost fallacy

20:28 Contemplating life with 100X current net worth

27:19 Discovering Financial Independence

37:35 Areas of frugality

42:58 Giving in to the (lifestyle) creep

49:22 Attending first FI events

55:19 FI in real-life

1:05:13 The perfect day

1:09:47 Soundcheck – Gray blobs

Doug and Carl chat with Vivi Ton who shares her bold decision to leave a stable career as an aerospace engineer to pursue her true passion in graphic design.  Vivi discusses entrepreneurship & her work with Personal Finance Club, her experiences with mental health & therapy, navigating the societal pressures of leaving a high-paying job, and offers insight into the importance of finding work-life balance.

Note: This is a rebroadcast of MHFI episode 054.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Use coupon code MILEHIGHFI which is good for 20% off any Personal Finance Club products – individual courses or the bundle.  (Affiliate so we might earn a commission)

Want to help us quit our job as podcasters?  Support us at Buy Me A Coffee so we can finally stop.

Links

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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

4:49 Quitting engineering

10:52 Sunk cost & transitioning to graphic design

16:42 Entrepreneurship & identity

26:30 Reflections on changing careers

33:07 Therapy and personal growth

38:47 Discovering Financial Independence

43:41 Losing youth

50:49 Travel & social media

56:22 The perfect day

1:02:45 Soundcheck – Guilty pleasure music

Doug and Carl catch up briefly on a potpourri of personal topics including challenges of managing time, updates with the lazy book, fitness updates, and upcoming summer plans.  They also discuss changes in Google search, the impact of AI on search results, and the current state of SEO.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Feel bad that Carl and his kids are missing door knobs?  Support us at Buy Me A Coffee so he can afford new ones.

Links

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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

1:05 Not enough time

3:55 Lazy book update

6:02 Changes to Google search

14:00 Mini-fitness updates

19:27 Summer plans

27:35 Soundcheck – Never-ending projects

Doug and Carl chat with Air Force veteran & physician B.J., who shares his journey toward Financial Independence and life beyond material success.  B.J. discusses how military benefits like pensions & healthcare can pave the way to financial success, the personal growth he experienced after achieving FI, and the pursuit of deeper happiness beyond owning dream items such as a Lamborghini.  Post-military retirement, B.J. emphasizes the importance of giving back to the community and explores his decision to continue working, motivated by a desire to serve others.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Are you looking to explore the “squishy stuff” but don’t know where to start?  Come over & start your research at Buy Me A Coffee, perhaps we can help.

*Some affiliate links so we might earn a commission if you buy something.

Links

(*Some affiliate links so we might earn a commission if you buy something)

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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

5:18 Overcoming sunk cost fallacy

13:01 Military benefits

22:21 Living life & financial reflections

28:41 Community, connection, & finding fulfillment

32:41 The dream purchase

42:46 Reflecting on achievements & what truly matters

53:34 Additional military benefits

58:58 Financial literacy & education

1:04:55 Creating a life you want to live

1:14:39 Working on self, making a difference & squishy stuff

1:21:38 The perfect day

1:30:02 Soundcheck – Workouts

Doug and Amberly explore the intriguing reasons why many millionaires consider themselves middle class.  They discuss the technical definitions of financial classes vs. the challenging societal definitions of these same classes, how both of these relate to their own views, and the psychology of wealth & self-perception among financially successful individuals.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Still confused by all these definitions of middle class?  If so, help us fund our own surveys & research by heading over to Buy Me A Coffee

Links

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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

3:26 Millionaire net worth profiles

7:54 Interpreting survey results

13:41 Defining classes by income

24:07 Defining classes by net worth

30:27 The shrinking middle class

37:40 Why millionaires feel middle class

46:50 Millionaires’ mindset & class identity

55:53 Comparison is the thief of joy

1:01:22 Rich or wealthy

1:07:45 Amberly’s podcast, “Jump In Feet First”

1:16:06 Soundcheck – Catching up

Doug and Carl work through a case study from listener Frank and also answer questions from the Facebook mailbag.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Want to support our new business venture, the Meat Oatmeal Food Truck?  If so, head over to Buy Me A Coffee.

Links

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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

2:02 Frank’s case study summary

8:35 Leaving the job vs. phoning it in

15:56 Contract work or entrepreneurship

21:43 Question – What is a typical daily meal or snack?

30:13 Vacation eating & summer plans

36:13 Question – Key takeaways from other FIRE folks?

45:48 Question – Location of a second home?

50:07 Question – Tips for building a retaining wall

53:29 Question – Who wins in a footrace?

58:58 Soundcheck – Hoffman Process incident

Mindy and Carl catch up with long-time friend Brandon, the Mad Fientist, to discuss the balance between spending, saving, and maintaining happiness.  Brandon details his journey from extreme frugality to spending experiments to purposeful spending/spending for happiness.  He also discusses the indispensable role of personal development, the importance of experiences over possessions, and the influence of parenthood and life events in reshaping priorities.

Note: This is a rebroadcast of episode 22 of the “Mindy on Money” podcast.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Interested in your own spending experiment?  If so, head over to Buy Me A Coffee and experiment with supporting the show!

Links

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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

4:29 Catching up with Brandon

10:32 Lessons from Ramit & Die With Zero

17:15 Recovering from Ramit

23:01 Carl’s Tesla

30:12 Spending experiments

41:23 Navigating the emotions of FI

48:12 Reframing thoughts on “frivolous” spending

53:00 Keys to happiness

58:03 Advice for others on their FI journeys

1:06:45 Bloopers & closing thoughts

Doug and Carl chat with financial educator, investing enthusiast, and author Brian Feroldi.  Brian delves into early investment mishaps, his investing philosophy (focusing on high-quality, long-term businesses), the significance of understanding the stock market & personal finance, and where to find new investing ideas.  The group also discusses Warren Buffett & the role of dividend investing along with AI’s impact on productivity and stock market returns.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

If you’re looking for a crazy, high-risk/high-reward investment opportunity, come over to Buy Me A Coffee and invest in us!

Links

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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

4:10 Chasing a hot mutual fund

8:37 Transitioning to buying individual stocks

13:45 The work behind successful stock investing

17:56 Thoughts on dividend investing

25:39 Warren Buffett,Charlie Munger, & Berkshire Hathaway

30:06 Impacts of productivity & AI on the stock market

36:03 Everyday uses of AI (ChatGPT)

41:11 Where to find new investing ideas

48:01 Soundcheck – Regional foods