Mile High FI Podcast

Doug and Carl answer questions from the mailbag. Intro: Doug & Carl discuss their weddings and advice for others Questions answered: Carl: How big is Doug’s Emergency Fund? Mike: What is Carl going to do with his Tesla Stock? Tahir: Plans to buy a house outright, works part-time as a college professor, with tutoring as a side-hustle on the way to CoastFI.  Is this a good plan or should there be a change in course? Listener Question: What do you think of Doug’s emergency fund situation? Can't wait to get your special asparagus stickers?  Be the first (and perhaps only) person in line by heading over to Buy Me A Coffee. Links Downshift Financial Downshift Financial on MHFI 024 Downshift Financial on MHFI 056 Mark’s Money Mind 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 1:09 Weddings 7:48 Question 1: Emergency fund 16:00 Professional financial advice 21:26 Question 2: Tesla stock 32:30 Question 3: CoastFI plan 40:47 Soundcheck - Hiking

Doug and Carl talk about fitness per request of listener Rakesh.  Topics include fitness updates/observations, goals, and tips. Intro: Poor phone etiquette Workout routines & fasting Doug’s busy summer - more eating, less exercise Eating on the road Working out while traveling Carl’s lack of rest and hearing scare Growing old Blood-work - high cholesterol & blood pressure Doug’s goals - lower body fat, calorie tracking/eating better Carl’s goals - better sleep, lower blood pressure/resting heart rate, walk 25K steps a day, 10 pull-ups in a row Staying accountable Listener Question: How do you keep motivated (to stay on track with fitness)? Help us stay accountable to you by supporting us over at Buy Me A Coffee. Links Huberman Lab The Peter Attia Drive Podcast – Peter Attia Mile High FI Facebook Group Dan Manwaring on MHFI 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 1:24 Phones 9:39 Workouts 14:37 Doug’s fitness updates 23:36 Carl’s fitness updates 30:04 Growing old 43:48 Doug’s goals 52:59 Carl’s goals 57:01 Accountability & tips 1:04:38 Soundcheck - Minivan

Doug and Carl talk to Frances and Peter about their finances. Topics include Coast FI, real estate investing, emergency funds, and civet coffee (google it, we dare you!). Intro: A crazy purchase. Team Asparagus. Coast FI Should they invest in more real estate? The great “paying off the house” debate rages on Were they too Frugal? Challenges Frances and Peter’s numbers The Ideal Life Recommendations: $125,000 in investments is a great start, but suggest getting that number bigger before coasting. Since their income is good, consider a solo 410(k) to reduce taxable income. Settle your house situation to get the money off the sidelines. $40,000 is a lot to have in cash. Consider deploying some of that into investment accounts. Don’t sacrifice happiness now. Live life, even if it takes a little longer to retire. Listener Question: What did Doug and Carl get right? What did they get wrong? What advice would you give Frances and Peter? Do you love Mile High FI? Sure you do. We all do, except for that one YouTube troll. But who cares about him anyway. Support us over at Buy Me A Coffee. Links Frances’ bookkeeping service Coast FI with the FIoneers Mile High FI on Youtube Mile High FI Facebook Group Support Mile High FI Get a Mile High FI t-shirt 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 1:27 Coffee & asparagus 7:57 Case study background 18:29 Housing Pt. 1 29:33 Frugal in recovery 35:57 Ideal $10MM life 46:30 The numbers 59:09 Housing Pt. 2 1:04:39 Final advice 1:11:57 Soundcheck - The big event

Doug, Carl and special guest Mindy talk about Carl’s $12,000 concert weekend. Was it worth it? Would he do it again? What is his next Big Thing? Intro: Doug has an addiction. A Melanzana addiction. How Carl came to buy a private show and what Mindy thought about it Concert weekend Regrets? What stressed Carl out Soundcheck: Did Mindy like the Webb Brothers or Duran Duran more? Listener Question: If you could put on a big event like Carl, what would it be? Do you love Mile High FI? Awwww, we love you too. Support us over at Buy Me A Coffee. Links The Webb Brothers and their Kickstarter James Webb’s beautiful song Connect with Mindy Jensen: Email BiggerPockets Mile High FI Facebook Group Support Mile High FI 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 1:28 Doug’s addiction 8:09 Concert origins 16:12 Attendees & meeting the band 23:54 Post-concert thoughts 31:30 Big things 37:50 Soundcheck - Duran Duran

Doug, Carl and special guest Mindy discuss listener questions submitted on the Mile High FI Facebook group. They talk about mortgages, what Carl would have done differently, frugality, and living in an expensive city. Intro: Are you on Team Pumpkin Spice? The debate exposes divisions within the Mile High FI team. Should you wait to buy a house? Carl didn’t do FIRE correctly. Frugality: Cell phone plans, food, and Costco tips I live in an expensive city. What should I do? Soundcheck: Mindy can say naughty words on Mile High FI. Will she? Listener Question: Are high mortgage rates preventing you from moving or buying a home? Mile High FI has a new sponsor, A.S.S, a DIY colonoscopy kit! We’re so excited to get behind this product! To save 10% and get a free tube of pumpkin spice lube, go to milehighfi.com/ass Links Historical mortgage rates Connect with Mindy Jensen: Email BiggerPockets 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 2:03 Pumpkin spice 6:31 Should I wait to buy a house? 11:10 What changes would you make yesterday? 19:45 What is Doug frugal with on a daily basis? 26:51 What is Mindy frugal with? 32:22 What is Carl frugal with? 36:15 What would you spend money on? 40:59 What to do if you’re living in a high cost of living area? 52:50 Soundcheck - Goodwill & Asparagus

Doug and Carl review 4 listener case studies. Listener #1 loved his 38 year career. Listener #2 is only 27, but is ready to hang up the keyboard. Listener #3 wants advice on how to leave his job. Listener #4 makes the case for going part-time. Intro: Doug talks about his Never Nude Ken doll. Carl talks about what his Ken doll would look like. Steve LOVED his career and makes the case for work. Ryan LOVES to ski and at the age of 27, doesn’t want to work anymore. Is this a good idea? Zak wants to make the jump to freelance life and is looking for advice. Kevin part-times his way to happiness, even though it’s delaying his FI date. Listener Question: If your net worth magically went to $100,000,000 tomorrow, would you still work? If so, what do you do and is your employer hiring? Leave your answer in the comments. Do you love Mile High FI? Support us at Buy Me A Coffee Do you hate Mile High FI? Give us $100,000,000 and we’ll stop forever! Buy Me A Coffee Links JT on Mile High FI: Hitting In Big Tech Never Nude Barbie 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 1:52 MHFI Dolls 6:36 Case Study 1 (Steve): Pro-Work 16:32 Case Study 2 (Ryan): Ski or work hard? 25:06 Case Study 3 (Zak): Freelancing 34:02 Case Study 4 (Kevin): Reduced schedule 40:53 Transitioning from work 47:29 What job would you work for $10MM? 55:43 Soundcheck - Barbie

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