Mile High FI Podcast

Doug chats with Bill Yount (Catching Up to FI) about the reality of pursuing FIRE: nobody does it perfectly.  They discuss mistakes each of them made before and after their “financial wake-up calls,” including lack of money education, lifestyle inflation, bad insurance policies, debt, real estate blunders, predatory advisors, and the struggle to shift from aggressive saving to spending in retirement.

Do you like the podcast and want to support the show?  Follow the links to find out how:
https://buymeacoffee.com/milehighfi
https://milehighfi.com/support/

Links

Catching Up to FI

Catching Up to FI Facebook group

Mr. Money Mustache, “The 4% Rule: The Easy Answer to “How Much Do I Need for Retirement?”

Altruist wealth platform

Monarch Money

Bill Perkins, “Die With Zero”

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

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Join the Mile High FI Club – It’s the 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

Email the show: doug@milehighfi.com

0:00 Introduction

0:46 Meet Bill Yount

6:13 Meet Doug Cunnington

13:11 Lack of a money foundation

19:16 Whole life insurance policies

25:36 Professional advisors vs. DIY

31:03 Benefits of working with an advisor

39:11 Housing mistakes

47:36 Over-saving & learning to spend

53:23 Selling at the market bottom

56:51 The Fog of FI

Doug, Pete Adeney (Mr. Money Mustache), and Rox Duckels (FinanceRox) answer audience questions live at CampFI Rocky Mountain.  The trio tackles topics such as financial strategies for younger generations, attracting younger audiences to FIRE, the most valuable self-investments, the real value of factoring Social Security into a FIRE plan, smooth transition strategies out of the workplace, and how to embrace idleness & art after reaching Financial Independence.

Do you like the podcast and want to support the show?  Follow the links to find out how:
https://buymeacoffee.com/milehighfi
https://milehighfi.com/support/

Links

Pete Adeney/Mr. Money Mustache

Mr. Money Mustache, “The Shockingly Simple Math Behind Social Security”

The FI Collective

Connect with Rox

FinanceRox website

Instagram

YouTube

F.I.ne Art Collective Sign up (w/ JD Roth)

CampFI

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: doug@milehighfi.com

0:00 Introduction

2:11 Young adults & FIRE

7:03 Acquiring skills & raising kids

12:59 Social Security & spouses

20:49 Advice for recent retirees

27:49 Transitioning from work to retirement

36:16 AI vs. FIRE

41:48 Surprises after reaching FIRE

46:05 FIRE topics we miss

53:02 Soundcheck – I forgot

Mr. Money Mustache & I answer a listener question about how a family can best transition to Wife FI!  You can get your question on the show by recording a voice memo and emailing me.

Get priority by supporting the show via Buy Me a Coffee. It’s listener supported with no ads.

Follow the link to find out how: https://milehighfi.com/support/

I put together the MMM episode guide: Mr. Money Mustache Episode Guide & Index

Links

Pete Adeney/Mr. Money Mustache

MHFI episode 305, “Mr. Money Mustache Explores Pop Culture Through the Lens of FIRE”

JL Collins, “The Simple Path to Wealth”

Email the show: doug@milehighfi.com

0:00 Introduction

0:56 Planning for Wife FI

4:33 Cash cushion debate

11:30 Listener update

14:34 Margin loans

Doug reunites with Carl at CampFI to chat about cognitive biases in the FIRE community – psychological shortcuts and blind spots that influence financial decisions, spending habits, and mindsets.  The pair are joined by Kristen Knapp (FI Friends Travel) & Amberly Grant (FinTalks) to explore how our brains can get in the way of building a fulfilling life.

Do you like the podcast and want to support the show?  Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses?  Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

Guitar Accessories

Hiking & Outdoor

Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers?  Of course you do!  We ALL do!  Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

Carl Jensen/1500 Days to Freedom

Kristen Knapp/FI Friends Travel

Amberly Grant

CampFI

The FI Collective

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: doug@milehighfi.com

0:00 Introduction

4:24 Recency bias

11:01 Navigating market downturns

15:11 Arrival fallacy

23:17 Happiness, community, & fulfillment

30:09 Anchoring

37:47 Ultra frugality & finding deals

45:27 Confirmation bias

52:38 Beyond the FI echo chamber

1:04:46 Soundcheck – FIRE pickup lines

Do you like the podcast and want to support the show?

Referenced Mad Fientist: Decade of Freedom

**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.**

doug@milehighfi.com

00:00 asset driven lifestyle creep

03:57 decumulation

07:35 overoptimizing and simplicity

12:16 reviews & support