Doug reconnects with Steve, a previous guest, for an update on the past few years of his financial journey, including a net worth increase from $1.7 million to $2.5 million. Despite his financial success, Steve grapples with balancing work, family, and personal identity, contemplating a future shift towards more meaningful, public service-oriented work. He also discusses the intricacies of managing separate finances with his wife, mental challenges of a high-paying yet unfulfilling job, and the benefits of reassessing life goals & priorities in midlife.
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0:00 Introduction
3:05 Updates on Steve’s financial situation
8:48 Navigating finances for couples
16:44 Continuing to work
21:38 Coping with identity and a midlife crisis
26:00 Laziness vs. productivity
34:29 Retirement goal & future plans
Doug and Carl talk about retiring in a bad time. AKA now. To keep working or quit... Cash, side hustles, dividends Sequence of returns...
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...
Carl and Doug talk about whether they could hold down a job again, and why they might be good or bad at it. ____