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? Dou...
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)...
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...
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 Givi...
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, stop...
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...
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!!”...
Doug and Carl talk to Kristen Rainey about a topic that matters to everyone: sleep! Kristen Rainey is the founder of Northstar Sleep School , and she takes good sleep seriously. On her podcast, Northstar Unplugged , she talks to fascinating people about health, wellness, and (of course) sleep. Kristen has accomplished so much in her life. She attended Princeton University and has had multiple successful careers, including working with Google in the food arena to ensure all employees had access t...
JL Collins joins Carl and Doug to talk about a terrible investment experience with Real Estate. JL tells the story in his new book, How I Lost Money in Real Estate Before It Was Fashionable: A Cautionary Tale. You probably recognize JL from our other talk with him, or more likely the Google Talk, or his first book, The Simple Path to Wealth. JL is amazing! 🔥 Check out his new book on Amazon [Affiliate Link so we get a commission if you buy it. thanks!] 🔥 How I Lost Money in Real Estate Before ...
In this episode, Doug and Carl interview “Purple” from the blog, A Purple Life . Purple worked for nine years in the marketing industry and then retired early at age 30 to relax and enjoy life in her prime. Here are a few highlights from our discussion. – Purple’s work situation – Quitting work in your prime – Going back to work? – Learning about FI – Life in retirement – Travel – Calming down – Purple’s perfect day ____...
Doug and Carl interview Michael Quan from Financially Alert. Michael blogs over at Financially Alert , and recently published a book The F.I.R.E. Planner, which you can find on Amazon or at Barnes and Noble! Special Note! Leave a YouTube comment or join our email list for a chance to win Michael’s book: Join the MILE HIGH FI CLUB Opening : Michael talks about some childhood experiences with fire, the bad kind! Discussion Growing up with awesome financial role models Financially Alert blog: Micha...
This week’s episode is short but packs a punch! From the floor of the FinCon expo hall, Doug and Carl interview blogging legend JD Roth of Get Rich Slowly . JD has been in the FI community since its earliest days in the early 2000s. His very successful site has been inspiring readers to save money and get their financial lives on track for over a decade. Here are a few highlights from our discussion: JD shares a recent purchase that is decidedly NOT frugal JD’s experience growing up with parents...
In this episode, Doug and Carl interview Lauren and Steven from Trip Of A Lifestyle . Steven and Lauren are a married couple who retired at just 29! He is a former high school teacher and she worked in marketing. Although neither of them ever made more than six figures in income, they were still able to retire ultra early and take a couple of trips that lasted over six months along the way. Their story is truly inspiring. Here are a few highlights of our discussion: Steven bails on grad school L...
In this episode, Doug and Carl interview Amberly Grant, creator of FinTalks (formerly FinZoom) and all-around-awesome human. Here are a few highlights of our discussion: How Amberly met Mr. Money Mustache FinTalks : something great born out of a place of depression Unexpected adventures The future of FinTalks Travel Ottawa to LA to NYC to Ottawa to Thailand Finding local connections Escaping a bad situation Favorite places Safety when traveling alone Real estate What a house is to Amberly Levera...
In this episode, Doug and Carl talk to Joel Larsgaard from the How To Money Podcast. Here are a few highlights of our discussion: Frugal versus cheap! Joel discusses a time when he went cheap and it didn’t garner him any fans How Joel’s childhood (including a car repossession) shaped his money habits Real estate investing (6 rentals with more on the way!) Investing in stocks Working for money legend Clark Howard How To Money Joel’s perfect day Links Rich living on less money – How to Money The C...
In another listener mailbag show, Doug and Carl answer more questions. – Roxanne asks: If your financial independence (FI) journey was a movie, which one would it be? ( check out Roxanne’s YouTube Channel ) – David asks: What are your favorite travel rewards cards? The conversation then gets serious. Doug and Carl discuss questions from Twitter user Mindspeaks : How does one stop focusing on FI and start focusing on life? I came from a lower-middle-class household and had extended family who moc...
Doug and Carl interview Eddie and Travis from Downshift Financial. Downshift is a fee-only financial planning firm. Here are some highlights of our discussion: Would you accept a free steak if you had to listen to horrible financial advice? The 10 questions you need to ask any financial planner The only guaranteed investment: annuities (and why they’re a bad choice for most) The 4% Rule and early retirees Why many planners don’t have your best interest in mind The challenges of financial plannin...
Hold onto your hats, friends! Things are off the chain this week – not only is this a surprise bonus episode, we are also coming at you with the undisputed king of the FI movement: Mr. Money Mustache. This episode is a recording of a Q&A that took place at The Extraordinary Event put on by our last guest – Alan Donegan! The Q&A covered a range of topics, but here are a few highlights: When Pete started Mr. Money Mustache, did he expect it would be the phenomenon that it is? Alan, Carl, a...
Carl met Alan and Katie Donegan in Ecuador at one of JL Collins’s Chautauquas in 2016. They’ve been friends ever since. In this interview, we discuss: Alan’s childhood struggles How to build confidence Family trauma Rebel Business School Discovering FIRE Real estate Becoming digital nomads The Donegans’ perfect day Meet Alan and Katie Katie and Alan are an accomplished, fun-loving couple who have taken the world by storm with their radical approach to starting a business. Alan was someone who ye...
Doug and Carl interview Sarah and Ray, also known as Waffles On Wednesday. They discuss: The $36,000 bar tab Sarah’s Why of FI: Travel Ray’s Why of FI: Options Taking a 6-month trip to see the world Going back to work Meet Ray and Sarah Sarah (an occupational therapist) and Ray (a tech worker) are a travel-loving, beer-loving, fun-loving couple who have visited more than thirty countries and leveraged the power of financial independence to take a six-month sabbatical traveling all over the globe...
Doug and Carl interview Chris, the “Indiana Jones” of the FI community. Chris worked in the startup world before leaving to pursue a series of bucket-list adventures including: An archeological dig for a dinosaur Diving for treasure in the Florida keys Learning Muay Thai kickboxing Writing a screenplay Recording an album Meet Chris from Life Outside the Maze The Financial Independence community has been sorely lacking in treasure hunters and archeologists … until now! Chris, who blogs over at li...
Doug and Carl interview Kristen Rainey. Kristen is an amazing human who graduated from Princeton, taught in Indonesia, hiked the Appalachian Trail, worked at Google, and so much more. In this episode, Kristen discusses: Spending a week cut off from technology in Katmai National Park Grizzly bears! Holding individual stocks Moving to Bozeman Montana Implementing effective behavioral change while working at Google and beyond Intermittent fasting Enhancing your life through travel Happiness → Check...
Doug and Carl discuss hiking, guitars, and upcoming conferences they’ll be attending including FInCon and EconoMe. They also discuss their recent adventures at Camp FI. Then it’s time to answer some questions (and respond to hate mail) from the listeners. Topics covered include: What phone apps do you like? What are your favorite podcasts? Where does your money go after you die? Do you include your home in your 4% Rule calculations? How does inflation affect the 4% rule? When withdrawing money f...
Meet M.K. Williams In Episode 17 of the Mile High FI Podcast, Doug and Carl talk to M.K. Williams, who is both an accomplished author herself and a coach who works with other authors to help them launch their books out into the world. She has her own YouTube channel and her own website , both dedicated to teaching authors about the nitty gritty details of what to do after finishing a book (and some motivating tips to actually finish that book in the first place!). She covers everything from how ...
Doug and Carl interview Stephen Baughier, the creator of Camp FI. They discuss: The creation of Camp FI The importance of community Future Camp FIs Camp FI – Highly recommended! Go if you can… Join the Mile High FI Club – It’s our email list! ★ Let’s hang out at the EconoMe Conference! ★ Carl is speaking at EconoMe and Doug is attending. You can save 10% by using this coupon code: 1500 *Affiliate link so we get a commission if you buy something....
Doug and Carl host a panel of three guests and answer audience questions at Camp FI Rocky Mountain. Also on the stage are Lynn (FI Healthcare), Ray (Waffles On Wednesday), and Josh. Lynn talks about financially taking care of relatives Ray goes down a rabbit hole talking about rabbit holes The pros and cons of two-ply toilet paper Carl learns a new word: “manscaping” And much, much more. Links: Camp FI – Highly recommended! Go if you can… FI Healthcare – Lynn’s Site about Health Care options Waf...
Doug and Carl interview Diania Merriam, creator of the EconoMe conference. Diania discusses: Discovering Mr. Money Mustache and getting out of $30,000 in debt Using creativity to adopt a frugal lifestyle Lessons learned (and not learned!) while hiking the El Camino Trail How financial independence allowed her to leave a toxic situation The merits of quitting work even before you’re done saving The real purpose of setting goals The EconoMe conference Links : EconoMe Conference 2021 – Save with Co...
