Mile High FI Podcast Die With Zero (Non-Frugal) Spending - Mark Trautman | MHFI 260
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Mar 25, 2025 Mark Trautman brings his financial expertise to the discussion, focusing on the joys of non-frugal spending. He introduces the 'fun bucket' concept, a way to allocate guilt-free money for indulgences. The conversation dives into enjoying life without compromising financial freedom, exploring strategies like travel comfort and dining experiences. Mark shares personal anecdotes about upgrading lifestyle choices, from higher-end music gear to thoughtful consumer decisions, emphasizing a balanced approach to enjoying the fruits of your labor.
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The Fun Bucket
- Create a "fun bucket" with extra savings to spend guilt-free.
- Treat this money as already spent, easing frugality without disrupting your financial plan.
Sequence of Returns Risk
- Don't overly restrict spending based on market downturns, especially in later retirement.
- Keep the "fun bucket" in cash to avoid market-related spending anxieties.
Fun Bucket Allocation
- Allocate 20-25% of your normal spending to the "fun bucket."
- This percentage makes the fun bucket impactful without jeopardizing your financial security.