Mile High FI Podcast

Doug and Carl talk about spending big on experiences including Carl’s Taylor Swift show. When is big spending appropriate? When is it not? Is it OK to experiment with spending? Intro: Doug cooks in Atlanta while Carl coughs in Longmont Why Carl went to the Taylor Swift show How much Carl paid for the ticket (hint: > $999) Why being an old dude at a Taylor Swift show is strange What Doug spends money on Is it OK to fail with spending? What Doug and Carl are going to spend on this year Soundcheck: Carl asks Doug about the mysterious origins of his name. Listener Question: If you had $10,000 to spend on an experience, what would it be? Leave your answer in the comments. It’s hot in Colorado. The Mile High FI studio in Doug’s basement is hot. Help keep the studio cool and get hot stuff: Buy Me A Coffee Links Die With Zero Carl and Mindy: Behind the Scenes with Ramit Sethi How To Money Carl’s $10,000 private concert 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: doug@milehighfi.com or carl@milehighfi.com 0:00 Introduction 1:39 Recent travels 10:10 Taylor Swift concert experience 19:23 Is Carl crazy? 25:33 Spending big money 30:04 Experiments with spending 36:15 Future spending 43:58 Soundcheck - Nicknames

Doug and Amberly talk all about credit, from tips for higher credit scores to tackling common myths via a game of True/False.  Doug also discusses his own experience with foreclosure and how his credit was impacted. Doug’s distrust of banks/large institutions.  Amberly’s view of the credit system as a necessary evil. Explanation of credit scores & ranges. Tips for a higher credit score: Become an authorized user Pay your bills on time Dispute anything wrong on your credit report Pay off collections Use a secure credit card Strategically paying credit cards Ask for higher credit limits Apply for new credit cards Add to your credit mix Doug’s foreclosure experience and impacts to his credit score. Credit score game: True or False.  When buying a house you cannot shop around for loans because each time you shop you get hit negatively on your credit score. True or False.  You can’t improve your credit score if you have bad credit. True or False.  Carrying a balance on your credit card will improve your credit score. Should you close old credit cards to improve your credit score? True or False.  Churning would lower your score to a level that negatively impacts it. True or False.  0% credit cards are free interest for one whole year. True or False.  If you miss a payment on your credit card they report it to the credit bureau right away. Looking to boost your credit score?  If so, head on over to Buy Me A Coffee.  We doubt the official credit bureaus will even notice, but in our eyes you'll have a perfect score! Links Entrepreneurship: From Mac & Cheese to Fintech | MHFI 166 (Intro to Nexus banking) Nerd Wallet tips: “How to Improve Credit Fast” Lauren & Steven, Trip of a Lifestyle Steven Keys (Trip of a Lifestyle) on The Doug Show Doug’s site Carl’s blog: 1500 Days Connect with Amberly Grant! AmberlyGrant.com FinTalks Instagram Facebook -- 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: doug@milehighfi.com or carl@milehighfi.com 0:00 Introduction 7:50 Thoughts on credit 12:50 Credit scoring 20:10 Tips for a higher credit score 31:22 Foreclosure & credit impacts 41:24 Credit score game 53:53 Support the show? 59:40 Soundcheck - Sushi

Doug and Carl talk to Stephen Baughier about a couple different topics - CampFI and cohousing.  Plus, new show sponsor - PeeRidica! CampFI: Origins, evolution, challenges, changes on the horizon, what attendees should expect, and tips for newcomers Cohousing: “An efficient neighborhood that builds community”, cohousing basics, Stephen’s specific project (EAGLE Cohousing) in Warner Robins, Georgia Looking to buy a bottle of PeeRidica, but can't find it online or in-store anywhere?  Available exclusively at Buy Me A Coffee! Carl will be attending CampFI Southwest in Julian, CA on October 6-9, 2023.  For those interested in attending, use the coupon code JENSEN at checkout to save 10%.  https://campfi.org/event/campfi-southwest-2023/ Links CampFI Events YouTube Channel Contact information Eagle Co-housing contact information Camp Mustache MHFI episodes recorded live at CampFI Camp FI Rocky Mountain Panel 2021 | MHFI 015 Creating Camp FI with Stephen Baughier | MHFI 016 Live Q&A with Diania Merriam & Maggie Tucker at Camp FI Southeast | MHFI 068 CAMP FI Southeast LIVE Panel with Maggie Tucker | MHFI 072 Live Q&A at CampFI Southeast | MHFI 104 CampFI LIVE Week 1 | MHFI 175 CampFI LIVE Week 2 | MHFI 179 Marla Taner CohoUS: A Community of Communities 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 5:27 CampFI origins & evolution 11:50 Breakout sessions 18:09 Challenges 27:00 What to expect/tips 34:56 Cohousing basics 40:26 Stephen’s cohousing project 54:56 Warner Robins 1:04:13 For those interested in cohousing 1:12:36 CampFI speakers

Doug and Carl answer a potpourri of audience questions at CampFI Rocky Mountain with help from meteorologist Kristen Knapp and frequent guest co-host/friend of the show Dusti Young. What is the biggest lifestyle or other changes that happen between $2.5 million, $5 million, $10 million invested, if any, assuming that you’re relatively frugal but love to travel? How do you move from a low-cost of living area to a high-cost of living area while pursuing FI? Are you more afraid of dying young or running out of money? Could you expound on the state of meteorology and more specifically why weather forecasts are wrong 97% of the time? What would you change about your finances right now? Is CampFI a cult? What are the most efficient tools to plan your FI path and to keep track of the development? What is your advice to fast-track pursuit of FI if real estate is not an option and index accumulation takes too long? If you were to start a podcast today, where would you start? What advice do you have to go from planning to taking action? How do you know you have enough money? Carl, do you feel you’ve changed after Ramit Sethi’s interview? If you could experience being any other person for 24 hours, who would you pick and why? How has your outlook on life changed in the past two years? Please address the meaning of life and whether humans have free will over the smell of their pee after eating asparagus? What is something you value but struggle or have hesitations spending on? What do you and your partner argue about? What kind of year has this been for you and what are you the proudest of? Do you have a question that you want answered? If so, you can email us or head over to Buy Me A Coffee where you can also support the show. Carl will be attending CampFI Southwest in Julian, CA on October 6-9, 2023.  For those interested in attending, use the coupon code JENSEN at checkout to save 10%.  https://campfi.org/event/campfi-southwest-2023/ Links CampFI Jordan Grumet, Taking Stock Econome Wait But Why, The Tail End ChooseFI Tim Ferriss, Mr. Money Mustache episode Mark’s Money Mind New Retirement Empower (formerly Personal Capital) Chris Hutchins Carl & Mindy on Ramit Sethi’s podcast Carl & Mindy behind the scenes on MHFI FinTalks Connect with Kristen Connect with Dusti: Instagram Facebook 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 2:54 Lifestyle changes 8:16 Dying young vs. running out of money 16:56 Finance changes 22:18 Cult of FI 27:29 Fast-tracking FI 38:53 Enough money 46:38 Outlook on life 57:29 Proud moments

Doug and Dusti chat about a potpourri of topics. Credit card points - which cards Doug & Dusti each have, hoarding points Reflections on Carl & Mindy’s experience on Ramit Sethi’s podcast Cognitive biases - loss aversion, sunk cost, maximization (optimizing) vs. satisficing Having a hard time saying NO Come support the show at Buy Me A Coffee.  If you're like Doug & Dusti, we bet you'll have a hard time saying NO! Carl will be attending CampFI Southwest in Julian, CA on October 6-9, 2023.  For those interested in attending, use the coupon code JENSEN at checkout to save 10%.  https://campfi.org/event/campfi-southwest-2023/ Links ChooseFI Travel Rewards Steven Keys (Trip of a Lifestyle) on The Doug Show Carl & Mindy on Ramit Sethi’s podcast Carl & Mindy behind the scenes on MHFI Barry Schwartz, Paradox of Choice Logan Ury, How to Not Die Alone Derek Sivers, Hell Yeah or No SideDish podcast Connect with Dusti: Instagram Facebook 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 7:23 Credit card points 19:24 Carl & Mindy & Ramit 26:27 Loss aversion 36:56 Sunk cost 38:55 Maximization 45:25 Just say NO 59:11 Soundcheck - Go-karting

Doug and Carl answer mailbag questions in this Taylor Swift-infused episode from Leadville, CO.  Carl also announces the new Mile High FI Facebook group. Does it ever get any easier to ride the market swings mentally? How would you reallocate your investments if there were no tax implications? What did Doug’s (and Carl’s) parents do right? Do you wish you had taken a gap year or had a little more fun when you were young? Experiences at CampFI? Thoughts on imposter syndrome? Do you love us as much as we love Taylor Swift? If so, head on over to Buy Me A Coffee to join other Swifties in supporting the show. Carl will be attending CampFI Southwest in Julian, CA on October 6-9, 2023.  For those interested in attending, use the coupon code JENSEN at checkout to save 10%.  https://campfi.org/event/campfi-southwest-2023/ Links Brian Feroldi Mile High FI Facebook group CampFI NoCo Mustachians FinTalks 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 3:18 Taylor Swift 9:41 Market swings 17:34 Investment reallocation 23:50 Parental influence 27:42 Gap years 35:06 CampFI 44:45 Imposter syndrome 54:42 Calls to action 1:02:29 Soundcheck - Leadville

Brandon, the Mad Fientist, has changed his view on FIRE and spending over the years. This is a rebroadcast of the interview from early 2022, and there is a new introduction in the first few minutes. Bradon has been on a bunch of podcasts in the last few months, and he's embracing spending. So you might have heard Brandon on Choose FI, Bigger Pockets Money, or his own podcast talking to Ramit Sethi about spending more and trying to be less frugal. So it's cool to hear how he has changed his views over time. - Carl and Brandon reminisce about their first meeting almost 10 years ago! - Discovering JD Roth and FIRE - Mad Fientist: new features coming soon to the FI Laboratory - How to spend money or not (The Switzerland Incident) - Michelin 3 star restaurants versus Taco Bell - Where is the FIRE movement going? - Why the Mad Fientist loves routines - For the love of coding Links Mad Fientist - Financial Independence and Early Retirement Mad Fientist's Music Travel Credit Cards Get Rich Slowly - Personal finance that makes sense The Escape Artist Mr. Money Mustache -- 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

Doug and Carl answer a potpourri of audience questions at CampFI Rocky Mountain with help from Becky Heptig (Catching up to FI) and Mark Trautman (Mark’s Money Mind). Best place to invest money in today’s environment? Best budget travel places? How to find your niche in the podcast world? What is a failure you experienced? What caused dinosaurs to become extinct? At what point in a relationship do you start having financial conversations? What’s better - increasing income or decreasing expenses? Who should pay for the first date? How to date while FI? What sets your podcast apart? What do you wish for your podcast audience to do better? How do you keep your podcast from becoming an echo chamber? Best first credit card? Who has experience with whole life insurance/infinite banking? Where can I find a financially independent man/partner? Withdrawal frequency with 4% rule? What would you improve about the FI community? What’s the craziest financial mistake you’ve seen someone make? Best type of property to invest in? What was the pivotal moment in your FI journey? Is FI a fad or does it have staying power? What is the best way to increase your rental income? Adding children to parents’ insurance policy? Do you have a question that you want answered? If so, you can email us or head over to Buy Me A Coffee where you can also support the show. Links CampFI Catching up to FI Mark’s Money Mind Mr. Money Mustache ChooseFI Jacob Lund Fisker Ramit Sethi Econome FI Freedom Retreat 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 2:05 Budget travel 9:36 Finances in relationships & dating 16:00 Podcast questions 23:33 FI community improvements 30:53 Is FI a fad? 38:30 Mark’s fun bucket

Doug and Amberly chat about key tenants of Financial Independence, shifts in the community over the years, and how each of them have “failed” in different FI-related areas (along with some successes).  Amberly also shares details of an upcoming FI cruise! Change in FI philosophy from a focus on saving to spending & living a fulfilling life. Doug & Amberly’s FI failures: credit card points/travel rewards, budgeting & tracking expenses, 4% rule, optimizing contributions to retirement accounts, savings rate, frugality, whole life insurance, house hacking, college degrees, travel, buying a new home, Success with mindful consumption Amberly’s experience with CNBC & dealing with early retirement critics Trying to maintain your FI Membership Card? One way to do this is by supporting us at Buy Me A Coffee.  (Disclaimer: No actual membership card will be provided) Links Mad Fientist ChooseFI Travel Rewards The Fioneers Mark’s Money Mind Fincon Amberly on CNBC Doug’s site Carl’s blog: 1500 Days Connect with Amberly Grant! AmberlyGrant.com FinTalks Instagram 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 1:56 FinTalks cruise 7:57 Shifts in the FIRE community 14:52 Failure #1: Travel rewards 22:42 Failure #2: Budgeting & expense tracking 35:38 Failure #3: 4% rule 38:37 Failure #4: Optimizing retirement contributions 46:15 Failure #5: Savings rate 48:25 Failure #6: Frugality 1:00:40 Misc failures & mindful consumption 1:09:35 Criticism of early retirement 1:18:20 Soundcheck - Hot sauce

Doug and Carl talk to Chris Hutchins about life hacks, optimization, and key takeaways/changes driven by the book “Die with Zero”.  Chris also discusses his podcast “All the Hacks” and his plans to further evolve the brand. Chris’s passion for digging deep into content that interests him Taking “All the Hacks” from not only a podcast, but to a platform that builds community through a membership program (dubbed the “AAA for our generation") Misconceptions about life hacks - looking for shortcuts vs. putting in the work for better outcomes “Die with Zero” takeaways - maximizing life vs. net worth, time bucketing, providing inheritances before death One of the best hacks is supporting Mile High FI.  Come on over to Buy Me A Coffee to start optimizing your life today! Links Chris Hutchins: All the Hacks All the Hacks Membership Bill Perkins episode Arthur Brooks episode Ramit Sethi Tim Ferriss Playing with Fire movie Rich Roll, Why You Shouldn’t Hack Your Life Bill Perkins, Die With Zero Trust & Will 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 1:49 Ramit Sethi 7:18 Building the podcast 14:34 Chris’s origin story 24:22 Optimization failures 33:24 “Die With Zero” takeaways 44:48 Estate planning 50:09 Chris’s favorite episode & hack