Doug chats with Adam, a psychology professor, to examine his financial journey from zero net worth to a million dollars in a decade.  Adam shares insights into his strategic real estate investments, deliberate career choices, the concept of Slow FI & lifestyle design, achieving a balance between work & a fulfilling lifestyle, and how his background in psychology influenced his financial decisions.

This episode is brought to you by GhostBed.  Doug has the GhostBed Luxe Mattress and loves it!  Take the 3 minute sleep quiz to see which mattress is right for you.  Save 50% site-wide on your new mattress, bed frame, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Save With Mint Mobile! (https://milehighfi.com/mint) New customers can get 3 months of unlimited premium wireless for $15/mo.  Doug’s phone bill went from $1440/yr to $360/yr for him and his wife.  It’s super easy to switch and you can use your existing phone.  If you use the MHFI link, it won’t cost you extra and it helps support the show. Buy 2 months, get 1 month free limited time offer available until January 2, 2025 at 11:59pm PST for new customers and at select channels only. “One month free” applied as $15 discount at checkout on 3-month 5GB plan only – upfront payment of $30 required, w/taxes & fees extra. One-time discount applied for first 3 months only. Not combinable/available with certain other promotions/offers.

Looking for help with your estate plan?  Trust & Will provides online tools for creating, you guessed it… trusts and wills.  For those who don’t have any estate planning documents in place, this could be a good option to get started.  We’re affiliates so we can earn a commission if you sign up.  Thanks for the support. https://milehighfi.com/trustandwill

Need a fee only advisor?  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 Doug recover some of his real estate losses by providing support at Buy Me A Coffee.

Links

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

• MHFI Facebook group
• Matt & Joel/How to Money
• The Washington Post, “Meet Mr. Money Mustache, the man who retired at 30”
• Mr. Money Mustache
• Carl Jensen
• Chad Carson
• Chad Carson, “The Small and Mighty Real Estate Investor”
  • Kindle
  • Paperback
  • Audiobook
• Doug’s site
• Check out Producer Chris’s new blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: doug@milehighfi.com

0:00 Introduction

6:56 Parable of the Mexican fisherman

10:29 Discovering the FI community

16:58 Career decisions beyond the money

22:10 Progress towards $1 million

31:08 Moving to Kauai

35:54 Slower pace of life & prioritizing relationships

42:26 Real estate portfolio

51:17 Slow FI

56:23 The influence of Coach Carson

1:04:21 Wins & future goals

1:11:56 Do the thing you want to do

1:18:13 Find your own path

1:22:12 Soundcheck – HQ Pizza