Mile High FI Podcast

Doug and Carl talk about investment limit changes for 2022 and Back Door Roths. Here are a few highlights from our discussion: 401k and Roth IRAs Long term capital gains The Back Door Roth lives! Pre-tax verses post-tax investing ____ Links: IRS announces changes to retirement plans for 2022 | Internal Revenue Service Backdoor Roth 401(k) and IRA rules for the wealthy survive — for now

In this episode, we’re joined by Mr. Money Mustache (aka Pete aka Pedro??) and Ray from Waffles on Wednesday, who showed up to share some beer and all kinds of hot sauce! Among many others, we tried Playing with FIRE Hot Sauce, which is homemade by our recent guest, Scott Rieckens. Listen in as we tackle the Scoville scale and some juicy questions. ____ ____ Links: Playing with Fire Documentary Waffles on Wednesday on Twitter Mr. Money Mustache and on Twitter

In this mailbag episode, Doug and Carl answer questions from listeners. Here’s what we covered: How is Carl planning for his kids’ college expenses? What things should you keep in mind when discussing a trust with a lawyer? What’s up with the Vanguard 2040 target date fund issuing massive capital gains distributions in 2021? What were our favorite microbrews of 2021? What was the best personal and professional part of 2021 for us? Do you need a high salary (or risky investments) to chase FI? Doug made a lot of 2022 resolutions for Carl, but doesn’t do them himself. What’s up with that? What do you spend money on that you really value? Links: Check out Carl’s talk at Econome! (on YouTube) Kyle Landis-Marinello’s website Bozeman Brewing Company   ____ ____

In this live recording, Carl interviewed JL Collins at the MMM HQ Co-Working space. Carl opened the evening with a quiz for audience members. Volunteers had to read a phrase and then decide if the phrase was in a JL Collins book. Find out if Pete (Mr. Money Mustache) gets his question right… Carl had some questions for JL and then let the audience ask their own. This was a fun episode, and I hope you enjoy it! Links (*affiliate links below so we get a commission if you buy something – thank you) The Simple Path to Wealth How I Lost Money in Real Estate Before It Was Fashionable: A Cautionary Tale Mr. Money Mustache HQ ____

Has Doug changed his mind on crypto? It’s complicated. Why Doug didn’t like crypto Doug’s change of heart Why Carl almost bought Bitcoin in 2012 Links #231 – Alex Gladstein: Bitcoin, Authoritarianism, and Human Rights | Lex Fridman Podcast TMBA422: Crypto: What’s It All About? – Tropical MBA Podcast Coinbase – Buy and Sell Bitcoin, Ethereum, and more with trust Understanding the Global Rise of Authoritarianism ____ ____

Doug and Carl talk with Scott Rieckens, the creator behind the popular Playing with Fire Documentary. A few highlights from our discussion:  How Scott found FI and how he got his wife on board Identifying the top ten things that make you happy (and the ten that make you miserable) Even Happier by Tal-Ben Shahar How FIRE lets you focus on the good things in life (and why you don’t actually need to be financially independent to do that) Scott’s experiences with negative attitudes towards FIRE Scott’s perfect day Scott’s new project: the online school Hello Compound, where Scott and his partner, Rob, help others to get their financial lives in order. Playing with FIRE on Amazon Be sure to check out all Scott’s endeavors and you can follow him on Twitter to see what he’s up to next! ____

In this episode, Doug and Carl interview blogging legend J$, founder of Budgets Are Sexy, Rockstar Finance, and Love Drop. Here are a few highlights of our discussion:  J$ discusses how an innocent apartment search turned into a disastrous home purchase. Housing The great “buy versus rent” debate Why humans sometimes buy homes when they shouldn’t Budgets Are Sexy The origin story Publishing stories that no one else would touch The joy and pain of publicly sharing net worth Selling the site Giving back Creating good in the world with Love Drop (giving away $90,000!) Why do some people hate everything? How Doug gives back Links All-Star Money Budgets Are Sexy My Money Blog Side Hustle Series: I’m a “Phone Actress” The Love Drop “Highlights” Video! Nate St. Pierre’s Projects That Change the World ____

Doug and Carl talk about how 2021 went and their goals for 2022. They also talk about asparagus. Opening Carl comments on Doug’s new hoodie which makes him look exactly like Clifford the big red dog. Or should we say, Clifford the big red Doug. Mile High FI Did the podcast live up to expectations? Wait, what were the expectations? Doug and Carl talk about 2021 Doug worked less, abandoned a project, went to 3 personal finance events, and took off big chunks of time Carl worked way too much, stopped exercising, and pretty much said Yes! to everything Doug and Carl share their resolutions for each other Carl should do less, but also meditate and journal Doug should play a live gig and stop obsessing over asparagus Links EconoMe Conference – Nov 13th & 14th, 2021 Bitches Get Riches Melanzana Outdoor Clothing made in Leadville San Joaquin Asparagus Festival | Visit Stockton ____ ____

Doug and Carl talk to Jillian Johnsrud, author, blogger, podcaster, and life coach, about her book, Fire the Haters: Finding Courage to Create Online in a Critical World. Jillian lives in Montana with her husband and five children. She reached financial independence at the age of 32, and now she helps coach others on their journey to FI, as well as helping people through career transitions and supporting them as they launch or seek to grow businesses. In her podcast, Everyday Courage, Jillian talks to guests about FIRE, investing, career trajectories, and how to design a happy and successful life. Here are a few highlights from our discussion with Jillian: Expectations vs reality as a content creator How to decouple your self from your work Trying to make everyone happy is never interesting or engaging How to get helpful feedback but tune out the trolls Imposter syndrome Preparation as a form of procrastination (Did we bully Carl into launching a project he’s been sitting on for years? Maybe!) Jillian’s perfect day/week How to reach out to a high-profile person (without being creepy) ____ ____

Doug and Carl talk about the EconoMe conference, bunking together, Skyline Chili, and dutch ovens. Here are a few highlights of their discussion: Doug discusses a trip to buy an $80 hoodie (the beloved Melanzana) Carl discusses his recent trip to Butt Rock EconoMe overview Doug’s snoring and Carl’s dutch oven Stacking Benjamins show Is EconoMe about education, entertainment, community, or all of the above? Breakout sessions: women personal finance and socially responsible investing “Hell yeah!!” or “No!” (Derek Sivers) There is no middle ground. Carl discusses his big talk Thoughts on Cincinnati and Skyline Chili Return to EconoMe in 2023? Other Links Bitches Get Riches ____ ____