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...

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 Dou...

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?...

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...

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...

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 &amp...

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 FI...

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 C...

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 Hi...

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...

Doug and Carl talk to Longmontian Justin Robbins about how to broach the subject of FIRE with other humans (and if it’s even a good idea)! Background Childhood How Justin turned getting laid off into a great experience Discovering FIRE Telling non-FIRE people about FIRE Carl is a FIsplainer How Justin quit his job Why are American identities so tied up in work? Is FIRE a cult? And will it ever be...

Doug and Amberly are back for another Mail Bag episode! They answer your questions on a range of topics: Funding children's college education Hiring a (financial) coach To have or not to have kids Renting vs nomadic living Starting a landlord journey Should I max out my 401k or buy a house? As a bonus, our hosts reflect on their personal goals by writing a letter to their future selves. Links Free...

Carl discusses his crazy $10,000 semi-spontaneous purchase. Buying a private concert with The Webb Brothers Memory dividends Mindy approves The Big Event Philosophical Musings What Doug thinks about all of this What would Doug spend $10,000 on? Stuff versus experiences Why your purchases may become irrelevant someday To budget or not to budget… Staying thoughtful about spending It’s cold in Colora...

It’s another Mail Bag episode! Doug and Carl answer questions about Umbrella insurance policies Does the 4% Rule still apply in light of recent market declines? Is it OK to own a Tesla? (and why is the FI community so judgmental?) Coast FI Reader case study: I’m a late comer to the FI movement Send questions and comments for future Mail Bag episodes to doug@milehighfi.com or carl@milehighfi.com ....

Having kids is a lifestyle change that has a big impact on our finances. But how much does parenthood really cost? In this episode, Doug and Amberly explore the expected and unexpected costs that come with having children. They talk about the importance of budgeting and share some tips on how to shop wisely for new parents. The (unexpected) costs of having kids Health insurance and dental costs Sc...

After taking a break, Carl comes back to catch up with Doug. Here is what they talk about: Carl loses $2,000,000 (and is happy about it) Doug’s health issues Camp FI Southeast Carl’s 3-day fast No alcohol Meet Doug and Carl: EconoMe and NYC Do you love Mile High FI? Support us over at Buy Me A Coffee . Do you hate Mile High FI? Send us a large sum of money and we’ll quit! You win either way! Econo...

Doug and Amberly are back to discuss the pros and cons of different types of financial security, such as wills, trusts, and life insurance. They also talk about why whole life insurance isn't for everyone and explore some unusual scenarios. Wills vs. trusts Benefits of wills and trusts Choosing a trustee Potential scenarios in case of a divorce Life insurance Doug's story on whole life insurance W...

Doug and his co-host Amberly talk about something taboo but very important - death. They each share their own experiences with the death of loved ones and how to deal with grief. They also explore the connection between death and finances and how to put together an In Case Of Death binder. Oh, and Doug envisions his ideal memorial - and we're here for it. Dealing with the death of loved ones How w...

Doug chats with his friend, Dusti, about cognitive biases and behavioral economics. They discuss how our financial habits are heavily influenced by emotions, and why we oftentimes spend money on unnecessary things. Behavioral Economics Why money is emotional Buying more than we can afford How group mentality affects our decision-making Cognitive Biases Availability bias Confirmation bias The strug...

Doug and Carl interview Andrew Giancola, host of the wildly successful Personal Finance Podcast. Quick note! :* If you think that Doug and Carl are awesome, show them some love by supporting the show. If you think they suck, give them some money to motivate them to suck less*:  https://milehighfi.com/donate Early Retirement How to start on an early retirement journey How much you should have saved...

Doug and Carl interview friend, fellow Longmonster, and FIRE legend Mr. Money Mustache (aka Pete Adeney). When Tim Ferriss interviewed Pete, they ended by talking about Pete’s desire to own a local community gathering space. This is the jumping off point for the Mile High FI conversation. But, they go a lot deeper too. No talk about index funds or the 4% Rule. That stuff has been covered. Instead,...

J.D. Roth is guest hosting this tangent filled episode. Doug and J.D. start talking about reflecting on the past year, goals, and New Year Resolutions. Then, they quickly digress. They end up talking about NOT setting goals Goals versus systems Doug doesn't do resolutions J.D. wants to get into better shape Check out the other episodes with J.D.: Having Enough and Lack of Ambition - MHFi 134 J.D....

There are a few changes coming for the Mile High FI Podcast in 2023. Doug shares the details in this bonus, year end episode. -- Check out the Econome Conference   - Save money using our coupon code MILEHIGHFI . Carl and Doug will be there, so come and hang out. Join the Mile High FI Club  – It’s our email list! Support the show and get exclusive content . We use Buy Me a Coffee which is like Patr...

Carl and Doug talk about fitness and health, two of their favorite topics. They talked fitness a few times this year already, so they wanted to wrap it up and make some declarations for next year. Other Fitness episodes: MHFI 091 Summer Fitness Update MHFI 078 with Jake Simon MHFI 064 with Brittany Dunn MHFI 063 Losing 10LBS of Ugly Weight MHFI 045 Fitness Plan for 2022 - Check out the Econome Con...

Doug and Carl answer questions from listeners. To submit your own question, send a note to Doug ( doug@milehighfi.com ) or Carl ( carl@milehighfi.com ). Rakesh asks about FI friends What do Carl and Doug spend money on now that they've surpassed their money goals Ashwini is unsure about his retirement Support Mile High FI! : If you enjoy our show (and we know you do), show us some love: Doug Cunni...