Doug and Carl delve into the differences between being “rich” and being “wealthy”, discussing their own journeys to financial independence and the pivotal moments when they each felt rich and then wealthy. They reflect on pieces of financial advice, how to feel wealthy, reclaiming an abundance mindset from scarcity, and the importance of evaluating personal happiness. Both also share anecdotes about their life experiences, underscoring the inherent value in simplicity and their changing perceptions on spending as their net worth increased.
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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
1:07 Rich vs wealthy defined
6:46 Illusion of wealth
12:33 Consumerism – experiences & experiments
20:32 Feeling rich
25:29 Feeling wealthy
30:49 Becoming comfortable with spending & feeling wealthy
35:17 The power of simplicity
40:03 Soundcheck – Freezing water
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