When Spending Feels Wrong: Tackling FI Guilt and Money Mindsets | MHFI 196

January 02, 2024 00:58:13
When Spending Feels Wrong: Tackling FI Guilt and Money Mindsets | MHFI 196
Mile High FI Podcast
When Spending Feels Wrong: Tackling FI Guilt and Money Mindsets | MHFI 196

Jan 02 2024 | 00:58:13

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Show Notes

Money Struggles, Celebrating Success, and Potential Return to Work (in the soundcheck) We discuss listeners' questions on their individual financial journeys. Topics covered include the struggle to attain financial independence, the guilt associated with spending large amounts, the decision to stay in a high-paying but unfulfilling job versus seeking a lower-paying but satisfying career, and the challenges of maintaining control amidst smaller and larger expenses. Lastly, Carl shared his thoughts on possibly returning to work if a specific, exciting opportunity comes his way, and we discussed our spending habits and attitudes to managing finances.

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Money trackers: -- Join the Mile High FI Club – It’s our email list! 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.** Brought To You By: The Doug Show, aka Affiliate Marketing & Side Hustles 1500 Days, Carl's Blog about Early Retirement Email us here: doug@milehighfi.com or carl@milehighfi.com 00:01 Introduction to the Mile High Fi Podcast 00:33 Discussing Money Struggles 01:12 The Demise of Mint: A Personal Finance Tool 02:19 Alternatives to Mint 09:18 Balancing Fulfilling Work and Financial Independence 13:05 Managing Spending and Saving 30:54 Spending Money on Experiences 31:55 The Concept of Time Bucketing 33:06 Reflecting on Personal Struggles 33:11 Evolving with Money 34:58 The Impact of Compound Interest 39:15 The Joy of Acquiring New Things 43:17 The Struggle with Small Purchases 50:26 The Importance of Surrounding Yourself with Like-minded People 53:27 Considering Going Back to Work

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