Mile High FI Podcast

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. Links 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 -- Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 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. Links Teri’s Instagram Van Life Academy Harvest Hosts Boondockers Welcome Trusted Housesitters 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-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 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 -- Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 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 -- Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 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 -- Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 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

Doug and Carl talk about the shift from saving to spending in retirement. In part 4, they review listener feedback. Shane talks about how he spent 50% more than planned; and loved it! Darren and Jolene talk about the difficulty in spending Anonymous suggests bond ladders as a way to cover retirement spending Mark talks about the Fun Bucket 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 Mark’s Money Mind Do Nothing Peter Attia Michael Kitces Doug’s site - Check out the NEW Sleep Post. 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-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 0:00 Introduction 1:20 Bidets 8:56 Comments from Shane - pre & post-FI spending 15:33 Comments from Darren & Jolene - spending flexibility 21:27 Future employment 25:18 Comments from Anonymous - bond ladders 28:06 Doing less 35:59 Comments from Mark - fun bucket 42:43 New Tesla 48:28 Soundcheck - The Gym

Doug and Carl talk about the shift from saving to spending in retirement. It’s not always easy to go from being a big saver to a big spender. Or even a little spender. Budgets in retirement The importance of experiences The Splurge Fund Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy us 500 Coffees! Do you really love us, buy us a helicopter and a couple of flight lessons! Links ChatGPT The Paradox of Choice NoCo Mustachian Meetup Carl’s very big purchase Die With Zero Doug’s site - Check out the NEW Sleep Post. 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-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 0:00 Introduction 1:22 New acquisitions 8:31 How often Carl & Doug review finances 18:38 Doug’s budget & expense tracking 24:53 Buying more time 29:21 Prioritizing experiences, health, quality of life 38:33 Happiness 48:05 Splurging 56:06 Don’t try to optimize 1:01:06 Support the show 1:05:51 Soundcheck - Carl & Mindy’s guest appearance

Doug and Carl talk about the shift from saving to spending in retirement. It’s not always easy to go from being a big save to a big spender. Or even a little spender. Why do early retirees feel guilty about spending? Societal expectations Finding balance Do you love Mile High FI? Of course you do. Show us the love by supporting us over at Buy Me a Coffee. Links Ramit Sethi Downshift Financial Doug’s site - Check out the NEW Sleep Post. 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-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 0:00 Introduction 1:12 Psychology of frugality & guilt 6:22 Pivoting to spending more 11:04 Tips & strategies for spending 15:30 Spending in retirement 25:12 Happiness & community 30:36 New branded products coming soon 36:22 Financial flexibility 39:28 Creating a retirement budget vs. actual spending 47:32 Questions for listeners/viewers 51:07 Soundcheck - Simple food stories

Doug and Carl talk about the shift from saving to spending in retirement. It’s not always easy to go from being a big save to a big spender. Or even a little spender. To DIY or not to DIY; Carl’s landscaping adventures Why it’s difficult to shift from saving to spending Happiness shouldn’t wait for retirement Why are we afraid of running out of money? The 4% Rule. Again. Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us 500 Coffees! Do you really love us, buy us a helicopter and a couple of flight lessons! Links  Sean Mullany on Mile High FI EconoMe Carl’s very big purchase Die With Zero Doug’s site - Check out the NEW Sleep Post. 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-shorts & 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: doug@milehighfi.com or carl@milehighfi.com 0:00 Intro 3:53 A small correction from a viewer 6:51 We have a book idea! 8:43 Being accustomed to saving 13:12 Carl's purchases and DIY projects 22:11 From saving to spending 32:44 Buying what makes you happy 37:48 Changing habits 38:58 Two things 41:14 Our new product announcement 43:00 Fear of running out of money 56:43 How you can support us 58:56 Developing a healthy relationship with money 1:01:31 Soundcheck

Doug and Carl talk to Longmont friend Amy about the death of her husband Phil and the aftermath of dying without a will. - Phil’s death - How Colorado treats your estate without a will (intestate succession) - Specify your beneficiaries. Now! - Wait, who gets Phil’s money? - Family fallout - Actions you need to take   -- Join the Mile High FI Club – It’s our email list! **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: doug@milehighfi.com or carl@milehighfi.com 0:00 Intro 2:30 Amy's husband's death 10:15 Not having a will in Colorado 16:29 Are parents entitled to the money of a deceased spouse? 25:55 Laws 27:12 Doug's thoughts 27:58 A spouse is our primary person 29:00 Amy's legal process 32:05 Feelings of betrayal 36:11 How to avoid situations like this 38:44 Setting up a trust 41:07 Doug's will 42:00 Why a trust is better than a will 45:15 Losing relationships along the way 49:40 Amy's socials 52:20 Soundcheck