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? Support us over at Buy Me A Coffee . Do you really love Mile High FI? Buy Us 500 Coffees! Do you rea...
May 16, 2023•1 hr 6 min
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 is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't t...
May 09, 2023•58 min
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 is a spiffy listen? Don’t lie, we know you do. Why else would you be reading this? Well maybe you’r...
May 02, 2023•53 min
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 & more **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even ...
Apr 25, 2023•41 min
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 FIoneers on Mile High FI Doug’s site - Check out the NEW Sleep Post . Carl’s blog: 1500 Days -- Join t...
Apr 18, 2023•55 min
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 Coffees! and we’ll quit! You win either way! Links Connect with Dusti on Instagram Doug’s site - Chec...
Apr 11, 2023•1 hr 10 min
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 High FI? Buy Us Two Coffees! and we’ll quit! You win either way! Links Support Mile High FI: Buy Me A ...
Apr 04, 2023•1 hr 18 min
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 . Links Whole Life News (get the back story here: Setting Up Wills and Trusts - MHFI 147 Contributin...
Mar 28, 2023•55 min
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 mainstream? Justin’s biggest challenge in retirement Why Carl thinks FIRE is the best life hack ever...
Mar 21, 2023•1 hr 10 min
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 Link to ChatGPT Cheatsheet Video on ChatGPT to Descript ChatGPT For Beginners -- Check out the Econ...
Mar 14, 2023•1 hr 9 min
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 Colorado. The Mile High FI studio in Doug’s basement is even colder. Help keep the studio warm and get coo...
Mar 07, 2023•45 min
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 . If you’re reading this, you must love the show. If you love the show, support us. Hey, we’d do it fo...
Feb 28, 2023•1 hr 7 min
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 Schooling and tuition Are human parents and dog parents alike? The do's and don'ts of choosing a gift ...
Feb 21, 2023•1 hr 4 min
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! EconoMe: Doug and Carl are going to EconoMe again and are planning a meetup. Get your ticket here and ent...
Feb 14, 2023•1 hr 3 min
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 Who can make medical decisions on your behalf Accelerated death benefits Connect with Amberly Grant! ...
Feb 07, 2023•55 min
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 witnessing death in childhood can shape us in adulthood Can we ever prepare for a person's death? Dea...
Jan 31, 2023•1 hr 5 min
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 struggle of having too many choices The ostrich effect Connect with Dusti on Instagram. - Check out the E...
Jan 24, 2023•1 hr 4 min
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 by certain ages How to create a bigger gap in income and expenses The 3 Horsemen of the FI-pocalypse...
Jan 17, 2023•1 hr 6 min
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, this conversation is about happiness, journeys, and meaning. Quick note: Do you enjoy Mile High FI?...
Jan 10, 2023•1 hr 49 min
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. Roth on Mile High FI - MHFi 127 Follow J.D. here: J.D.'s work about personal finance, Get Rich Slowl...
Jan 03, 2023•1 hr 13 min
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 Patreon. You can donate each month which helps a ton, or make a one-time donation. Get MHFi Merch – It help...
Dec 31, 2022•8 min
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 Conference - Save money using our coupon code MILEHIGHFI . Carl and Doug will be there, so come and han...
Dec 30, 2022•21 min
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 Cunnington + Carl Jensen Links The Shockingly Simple Math Behind Early Retirement - Check out the Econome...
Dec 27, 2022•30 min
Doug and Carl talk about crab bags, grab bags, and what's been going on in their lives: Doug scores $300 from Chase Carl's misadventures in rush-hour traffic Doug's pursuit of happiness Carl's house project Doug's fancy dinner Carl's upcoming retirement (for real this time) Links We recommend these books. Thomas DeLauer | Executive Body and Business Coach Rich living on less money - How to Money Support the show and get exclusive content . We use Buy Me a Coffee which is like Patreon. You can do...
Dec 23, 2022•43 min
Doug and Carl talk to David Baughier, creator of Fiology. They discuss military life, slowing down after retirement, driving boats, and Carl's lack of slowing down. Military Life, College, FIRE, Investments David's military career Vanderbilt Real estate Discovering FIRE at Camp Mustache Exercise And Health David's crazy diet Pull-ups Carl's challenge to Doug Why social media sucks If you enjoy our show (and we know you do), show us some love: Doug Cunnington + Carl Jensen Links All You Need To K...
Dec 20, 2022•1 hr 20 min
Doug and Carl talk about end of year financial moves. And favorite pies. Why you should review your investments and allocations Budgets and spending 401(k) and Roth IRA deadlines An important solo 401(k) IRS filing If you enjoy our show (and we know you do), show us some love: Doug Cunnington + Carl Jensen Links Brian Feroldi on Twitter Michael Kitces on BP Money - Check out the Econome Conference - Save money using our coupon code MILEHIGHFI . Carl and Doug will be there, so come and hang out. ...
Dec 16, 2022•30 min
Doug and Carl talk to Money Honey Rachel Richards about books, real estate, fitness, and Taylor Swift. Background How Rachel's upbringing motivated her Reading Rich Dad, Poor Dad. In high school. University and first job Fitness The $2,000 bet Rachel's routine Business Making $22,000 in a month from her book Why self-publishing was a great idea Running a boarding house Why you have to charge for a course Public speaking If you enjoy our show (and we know you do), show us some love: Doug Cunningt...
Dec 13, 2022•1 hr 19 min
Doug and Carl talk about FI, inflation, recessions, and Taylor Swift. Oof! How Carl screwed up during the Great Recession Plan for the storm before the storm! Cash hoard or cash whore? The dividends of living off dividends If you enjoy our show (and we know you do), show us some love: Doug Cunnington + Carl Jensen Links Brian Feroldi on Twitter Michael Kitces on Bigger Pockets Money - Check out the Econome Conference - Save money using our coupon code MILEHIGHFI . Carl and Doug will be there, so...
Dec 09, 2022•28 min
J.D. Roth joins the show to talk about ambition. Doug and J.D. talk about lacking ambition, entrepreneurship, having enough, and life in general. Read the post J.D. wrote about ambition: A man of no ambition Read more of J.D.'s work about personal finance: Get Rich Slowly - Personal finance that makes sense J.D.'s Personal Blog: Foldedspace - 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 C...
Dec 06, 2022•1 hr
Doug and Carl talk about retiring in a bad time. AKA now. To keep working or quit... Cash, side hustles, dividends Sequence of returns If you enjoy our show (and we know you do), show us some love: Doug Cunnington + Carl Jensen Links JD Roth on Mile High FI: JD Roth of Get Rich Slowly | MHFI 127 1989: 1989 (Taylor Swift album) Go Curry Cracker and the case for 100% equities: The Path to 100% Equities - Go Curry Cracker! Michael Kitces on BP Money: https://www.biggerpockets.com/blog/money-351 Und...
Dec 02, 2022•37 min
