Doug and Carl chat with Allison, delving into her unique journey as a nanny for high net worth families and some insights & takeaways from those with wealth. Allison also discusses her path toward financial independence including frugal areas of her life, giving into the (lifestyle) creep, and finally attending an in-person FI event for the first time after being in the community virtually for so many years.
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**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.**
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0:00 Introduction
3:12 Life as a nanny for the wealthy
9:22 Insights on wealth & happiness
13:11 Sunk cost fallacy
20:28 Contemplating life with 100X current net worth
27:19 Discovering Financial Independence
37:35 Areas of frugality
42:58 Giving in to the (lifestyle) creep
49:22 Attending first FI events
55:19 FI in real-life
1:05:13 The perfect day
1:09:47 Soundcheck – Gray blobs
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