Doug and Kristen Knapp (FI Friends Travel) dive into a listener-submitted topic from Dell regarding the potential benefits of oversaving. Doug & Kristen discuss the pros & cons of oversaving, the necessity of having a plan for “retiring to something” after work, and explore the psychological shifts that occur when you no longer need a paycheck. They also tackle common traps in the FI community such as “One More Year Syndrome”, golden handcuffs, and identity issues tied to a career.
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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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Email the show: [email protected]
0:00 Introduction
4:17 Dell’s voicemail
9:20 Pros of oversaving
17:14 Legacy vs. Die With Zero
20:59 Cons of oversaving
27:55 Golden handcuffs & “enough”
34:36 Retiring to something… or not
40:16 Identity struggles & FI
49:43 Staying busy vs. intentional boredom
56:50 Early retirement pitfalls
1:01:16 Only boring people are bored
1:05:47 The nuances of FI
1:12:02 Longest soundcheck ever
Do you like the podcast and want to support the show? Follow the links to find out how:
https://buymeacoffee.com/milehighfi
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.**
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