Doug chats with Bill Yount (Catching Up to FI) about the reality of pursuing FIRE: nobody does it perfectly. They discuss mistakes each of them made before and after their “financial wake-up calls,” including lack of money education, lifestyle inflation, bad insurance policies, debt, real estate blunders, predatory advisors, and the struggle to shift from aggressive saving to spending in retirement.
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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
0:46 Meet Bill Yount
6:13 Meet Doug Cunnington
13:11 Lack of a money foundation
19:16 Whole life insurance policies
25:36 Professional advisors vs. DIY
31:03 Benefits of working with an advisor
39:11 Housing mistakes
47:36 Over-saving & learning to spend
53:23 Selling at the market bottom
56:51 The Fog of FI
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