Mr. Money Mustache on Simplifying Your Finances (Live CampFI) | MHFI 229

Doug and Carl answer a potpourri of audience questions at CampFI Rocky Mountain with help from Mark Trautman (Mark’s Money Mind), Pete Adeney (Mr. Money Mustache), Travis Hughes (Downshift Financial), and Mindy Jensen (BiggerPockets Money/Mindy on Money).

• On a scale of 1 to 10, how happy were you to see asparagus served in the cafeteria at CampFI?
• What was the most embarrassing moment on the way to FI?
• For Pete: 
  • How do you navigate a complex case study – how do you look at it, and how do you simplify?
  • If we find ourselves in a really good situation it might be better to change the world a little bit while we’re still alive.  Why do we have to wait until we’re dead?
  • How do you feel about asparagus?
  • Can you talk about your interest in coaching and why you enjoy it?
• What has surprised you about post-FI life?
• What is still on your bucket list to do post-FI?
• As a recovering FIRED software engineer, I’m still too much into routines and planning.  How do I introduce more spontaneity into my life post-FI?
• What is your second favorite vegetable (besides asparagus)?
• For Travis:
  • Is a Roth conversion considered earned income?  Is it income that can be deducted for HSA, rental loss, other business loss, capital gain loss?
• What is the weird habit you do in the bathroom that you don’t want anyone to know?
• What percentage of assets should be in bonds vs stocks and when should you rebalance?
• Why is Emma so awesome?
• For Mindy:
  • What is your favorite part of CampFI?
  • Compare and contrast index funds vs real estate
• Any interest in a new FI movement – Sasquatch FI (whereby you pursue FI to find a life dedicated to traveling the world in search of the elusive, enigmatic Bigfoot)?
• FI has changed a little bit from the early blogging days, so how do you see it shifting with “Die With Zero”?  How do you see the new wave of FI?
• David Lee Roth or Sammy Hagar?

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Links

(*Some affiliate links so we might earn a commission if you buy something)

• CampFI
• Mark Trautman
  • Mark’s Money Mind website
  • Mark’s Money Mind podcast
• Pete Adeney
  • Mr. Money Mustache blog
  • Instagram
  • Mr. Money Mustache, “Notes on Giving Away my First $100,000”
  • Mr. Money Mustache, “How to Give Money (and Get Happiness) More Easily”
• Travis Hughes/Downshift Financial
• Mindy Jensen
  • Email: [email protected]
  • BiggerPockets
  • BiggerPockets Money
• Mindy on Money scholarship
• Darren & Jolene/Dare to Draw Down
• Maggie Gunther
• Peter Singer, “The Life You Can Save”
  • Hardcover
  • Paperback
  • Audiobook
• JL Collins
• FI Freedom Retreats
• Bill Perkins, “Die With Zero”
  • Kindle
  • Hardcover
  • Paperback
  • Audiobook
• Bob Haines on MHFI episode 210
• Wim Hof
• BJ on MHFI episode 217
• Dan Sheeks/Sheeks Freaks
• Early Retirement Extreme
• Heavy Metal Money
• Mile High FI Facebook Group
• Doug’s site
• Carl’s blog: 1500 Days

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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.**

Brought To You By:

The Doug Show, aka Affiliate Marketing & Side Hustles

1500 Days, Carl’s Blog about Early Retirement

Email us here: [email protected] or [email protected]

0:00 Introduction

3:35 Most embarrassing FI moment

10:26 Pete discussing Case Studies

16:50 Giving back with Pete

22:23 Post-FI life

28:03 Introducing spontaneity

34:08 Travis discussing Roth Conversions

41:42 Asset allocation & rebalancing

48:44 The Mindy takeover

55:18 Mindy comparing index funds vs real estate

1:02:58 New wave of FI