Doug and Carl chat with listener Steve to review his plans for early retirement. Steve discloses his financial background, asset allocation, and current expenses, including a net worth of about 1.7 million dollars. The group addresses retirement projections along with potential risks of retiring in a down market and the importance of having a contingency plan. Beyond money, they talk about the psychological and lifestyle adjustments that come with early retirement, including how to fill one’s time meaningfully, potential lifestyle changes, and the importance of staying engaged and balanced.
Note: This is a rebroadcast of MHFI episode 098
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!
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
—
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: [email protected]
0:00 Introduction
3:54 Background & discovering FIRE
6:55 Steve’s financial situation
12:38 Separate finances
21:36 Considerations for withdrawing money
28:35 Exploring hobbies & passion projects
35:52 Community & networking
44:32 Soundcheck – Shaving
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...
Carl discusses the effects of his recent trip to Mexico. Doug talks about a recent brewery excursion. Doug and Carl then answer reader questions...
Doug chats with Justin David Carl (Fit Rich Life) about his journey from being deep in debt to achieving FI. Justin shares his experience...