When Did You Feel Wealthy? Or Rich? | MHFI 203

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.

Are you feeling wealthy, feeling rich, or craving simplicity?  If so, then simply come on over and support us at Buy Me A Coffee.

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Doug & Carl will be attending the EconoMe Conference in Cincinnati, OH on March 15-17, 2024.  For those interested in attending, use the coupon code MILEHIGHFI at checkout to save 10%.  https://economeconference.com/

Links

• Morgan Housel podcast
• Books by Morgan Housel
  • “The Psychology of Money”
    • Kindle
    • Hardcover
    • Paperback
    • Audiobook
  • “Same as Ever”
    • Kindle
    • Hardcover
    • Paperback
    • Audiobook
• EconoMe Conference
• Empower (formerly Personal Capital)
• Pete Adeney/Mr. Money Mustache
• JL Collins Blog
• Diania Merriam on MHFI Episode 199
• CampFI
• 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

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