Doug and Amberly chat about key tenants of Financial Independence, shifts in the community over the years, and how each of them have “failed” in different FI-related areas (along with some successes). Amberly also shares details of an upcoming FI cruise!
- Change in FI philosophy from a focus on saving to spending & living a fulfilling life.
- Doug & Amberly’s FI failures: credit card points/travel rewards, budgeting & tracking expenses, 4% rule, optimizing contributions to retirement accounts, savings rate, frugality, whole life insurance, house hacking, college degrees, travel, buying a new home,
- Success with mindful consumption
- Amberly’s experience with CNBC & dealing with early retirement critics
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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
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0:00 Introduction
1:56 FinTalks cruise
7:57 Shifts in the FIRE community
14:52 Failure #1: Travel rewards
22:42 Failure #2: Budgeting & expense tracking
35:38 Failure #3: 4% rule
38:37 Failure #4: Optimizing retirement contributions
46:15 Failure #5: Savings rate
48:25 Failure #6: Frugality
1:00:40 Misc failures & mindful consumption
1:09:35 Criticism of early retirement
1:18:20 Soundcheck - Hot sauce
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https://buymeacoffee.com/milehighfi
Get MHFi Merch – It helps support the show. Get t-shirts & more
[email protected]
**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.**
