Mile High FI Podcast

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

Doug and Carl talk to Amy Minkley, founder of FI Freedom Retreats and all around stellar human. Discovering FIRE How a chaotic childhood shaped Amy’s money views Studying History at university Moving to Asia to teach ESL Overworking to feel worthy Job induced depression The incredible benefits of mini-retirements Two More Year Syndrome Traveling with purpose FartFIRE Do you think that Mile High FI is a spiffy listen? Don’t lie, we know you do. Why else would you be reading this? Well maybe you’re here to leave a nasty comment. Don’t do it. Be the better person! Anyway, since you think we’re spiffy, please consider supporting us over at Buy Me A Coffee. Links FI Freedom Retreat Facebook page Facebook event Support Mile High FI: Buy Me A Coffee Amy’s Journey to FI on YouTube Choose FI EconoMe 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 1:03 How Amy discovered FIRE 5:00 Growing up 8:58 University 14:38 Living abroad 17:10 Are gap years mini-retirements? 22:29 Finding community 28:25 Amy's first FI retreat 30:51 The One Year syndrome 36:16 Amy's FI Freedom retreat 38:30 Making friends 40:51 The perfect day 43:58 Where you can find Amy 47:19 Soundcheck

Doug and Carl catch up. They chat about the following topics: Carl’s home improvement adventures Doug deletes a show Carl’s travel plans Doug gets into ChatGPT Being alone Links Support Mile High FI: Buy Me A Coffee 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 1:33 What's Doug been up to 4:06 Getting creative 6:45 Carl's house updates 12:53 Doug's passion for ChatGPT 21:09 Carl's travel plans 25:50 Doug's home alone (with his dog!) 30:45 Trying to drink less 34:50 Carl's retiring for real 35:53 How you can support us 37:33 Soundcheck

Doug and Carl talk about different flavors of FI, traditional, Coast FI, Slow FI, and FartFIRE. New sponsor! Carl’s Quick Hardening Caulk Traditional FI Slow FI Coast FI FartFIRE Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! Do you hate Mile High FI? Carl hates coffee so buy him 10! Links Support Mile High FI: Buy Me A Coffee FIoneers on 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 Intro 5:23 How you can support us 7:03 Different types of FIRE 8:16 Carl's journey from tech to FI 11:50 Doug's journey to FI 15:00 Quiet quitting is real 17:47 Life before and after FIRE 21:25 What is Slow FI? 23:07 What if Carl had done Slow FI? 28:25 Disadvantages of Slow FI 30:16 What is Coast FI? 32:53 Investing into retirement and post-tax accounts 35:48 Pros and cons of Coast FI 39:49 Fart FIRE 46:38 Happiness

Doug and Dusti are back for Part 2 on cognitive biases and how they shape our financial decisions. How a scarcity mindset can hold you back Desire to be like everyone else Decision paralysis Default bias Holding onto bad investments Are we more motivated when we're close to reaching a goal? Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way! Links Connect with Dusti on Instagram Doug’s site - Check out the NEW Sleep Post. -- 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 2:50 Having a scarcity mindset 8:14 The ''what the hell'' effect 13: 35 Social proof and the desire to be like other people 19:08 The cost of friction and decision paralysis 25:34 Default bias 37:20 Why we hold on to bad investments 45: 18 Getting more motivated at the finish line 55:12 Our favorite desserts

Doug and Carl talk about the bad parts of the FIRE movement. Cheap people Dogmatic approaches How the mainstream media writes about FIRE Lack of nuance (must we discuss the fv^%ing 4% Rule again?) It’s OK to work From the listeners Living off $40,000/year isn’t realistic Credit card hacking isn’t for everyone Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way! Links Support Mile High FI: Buy Me A Coffee 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 4:30 Mr. Mustache HQ - What's new? 7:50 Doug's health updates 10:38 How you can support us 14:25 Carl's number one issue with FIRE 22:31 Applying a dogmatic approach to FI 28:00 Is having a job necessarily bad? 36:20 Paying attention to details 39:04 Portrayal of FIRE in the media 43:20 The 4% rule (again) 50:30 Annoying things FI people do 53:43 Courses 59:04 Can you live on 400k a year? 1:01:09 Credit card rewards 1:02:50 Teaching teenagers a FIRE mindset 1:04:26 Shifting into decumulation 1:07:26 The ''Spending is bad'' mindset

Doug and Amberly chat about what they've been up to lately and answer some intriguing real estate questions. Advice for beginners Creative buying strategies Managing a property Responding to inquiries Should pets be allowed on properties? Real estate books suggestions Do you love Mile High FI? Support us over at Buy Me A Coffee. Is “love” too strong of a word? Good news! You can still support us. Links Whole Life News (get the back story here: Setting Up Wills and Trusts - MHFI 147 Contributing to a retirement account: MHFI 062 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 Intro 1:30 What's Amberly been up to 10:30 Doug's whole life insurance policy 23:47 Deciding on a number of properties 27:15 Aversions for building up a rental property 30:36 What would Amberly do differently in her real estate journey 33:44 The MOST important advice for beginners 34:04 Where to obtain a rental application 35:05 Creative buying strategies 37:37 Property management 38:54 Maintenance requests 39:53 Should animals be allowed on a property? 41:24 Real estate investing books 41:58 What Amberly is currently investing in