Mile High FI Podcast

Doug chats with Pete Adeney (Mr. Money Mustache) about various fears that some people have about early retirement.  They explore why some people may be reluctant to retire, despite being financially ready, and specifically how fear of boredom can hold people back.  They discuss “One More Year Syndrome” and the irrational fear of running out of money despite what the math says.

Do you like the podcast and want to support the show?  Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses?  Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

Guitar Accessories

Hiking & Outdoor

Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers?  Of course you do!  We ALL do!  Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

Pete Adeney/Mr. Money Mustache

Pete on MHFI episode 308

Morgan Housel, “Is the F.I.R.E. Movement Dead?”

The Donegans

The FI Collective

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: [email protected]

0:00 Introduction

1:51 One More Year Syndrome

5:50 Scared of boredom

10:18 Building social skills

17:22 Boring people are bored

22:03 FI Collective

25:51 Soundcheck – New house

Doug chats with Pete Adeney (Mr. Money Mustache) about evolving perspectives within the FIRE movement.  Moving beyond external critiques, they dive into a confessional-style discussion about genuine problems within the community – from the pitfalls of ultra-frugality, over-saving, over-optimizing, and “One More Year Syndrome” to the identity crisis retirees face.  They explore why FIRE isn’t a “gospel” but instead a set of ideas that should be modified in real-time based on what actually works for each individual.

Do you like the podcast and want to support the show?  Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses?  Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

Guitar Accessories

Hiking & Outdoor

Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers?  Of course you do!  We ALL do!  Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

Pete Adeney/Mr. Money Mustache

Pete on MHFI episode 308

Jacob Lund Fisker/Early Retirement Extreme

Mad Fientist, “Learning How to Spend Money”

New York Times, “Freedom With a Side of Guilt: How Food Delivery Is Reshaping Mealtime”

The FI Collective

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: [email protected]

0:00 Introduction

1:16 MMM persona & early FIRE ideas

8:50 Ultra-frugality

18:00 Over-saving & One More Year Syndrome

24:23 Over-optimizing in the FIRE community

29:30 DoorDash spectrum

34:24 Paying for convenience

42:21 Balancing the future & the present

48:09 MMM’s retirement spending strategies

53:49 Retiring to something meaningful

1:02:18 Soundcheck – Casa Bonita

Doug chats with Pete Adeney, Mr. Money Mustache, about whether the FIRE Movement is dead, in response to a variety of online commentary claiming this statement as fact.  Doug & Pete review and critique multiple perspectives, including notable names like Dave Ramsey and Morgan Housel while also addressing misconceptions, highlighting the value of Financial Independence, and acknowledge the movement’s evolution.

Do you like the podcast and want to support the show?  Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses?  Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

Guitar Accessories

Hiking & Outdoor

Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers?  Of course you do!  We ALL do!  Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

Pete Adeney/Mr. Money Mustache

Jared Dillian, “The FIRE Movement”

Jarrad Morrow, “The FIRE Movement Won’t Work Like It Used To (Here’s Why)”

Dave Ramsey, “Why the F.I.R.E. Movement Isn’t Sustainable”

Ramit Sethi, “The Problem with the “FIRE” Movement”

Mindy & Carl on Ramit Sethi’s “I Will Teach You To Be Rich”

Brian Farrell, “What Happened To The FIRE Movement?”

Morgan Housel, “Is the F.I.R.E. Movement Dead?”

The Knowledge Project podcast, “Morgan Housel: Wealth is What You Have Minus What You Want”

Gregory Galant, “Mark Cuban on the FIRE Movement: Financial Independence, Retire Early”

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: [email protected]

0:00 Introduction

6:11...

Doug chats with Carl about finding purpose in life.  They discuss the benefits of preparing for retirement by building a rich life outside of work, taking sabbaticals, and conducting small experiments to explore new hobbies and interests.  They also talk about the importance of community, the idea of redefining success, achieving flow state, and finding meaningful ways to spend one’s time while maintaining good mental and physical health.

Note: This is a rebroadcast of MHFI episode 268

Do you like the podcast and want to support the show?  Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses?  Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

Guitar Accessories

Hiking & Outdoor

Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers?  Of course you do!  We ALL do!  Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

Carl Jensen/1500 Days to Freedom

1500 Days to Freedom, “Introducing The FI Collective”

“How to Money” episode 1091, “The Art of Spending w/ Morgan Housel”

CampFI

EconoMe Conference

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: [email protected]

0:00 Introduction

5:34 What FIRE life looks like

13:35 Is retirement overrated?

22:09 Relationship with work

28:24 Seeking validation

34:58 Challenging the corporate ladder

40:31 Setting up for a successful retirement

46:57 Redefining success & finding flow

54:41 Leveraging community & taking action

Doug and Producer Chris chat about a very controversial topic in the FIRE community – working with a financial advisor.  They explore the reasons someone might or might not want to work with an advisor, discussing common pitfalls like high fees & hidden motivations, while emphasizing the benefits of getting an outside perspective & professional guidance, especially in areas like decumulation and complex financial situations.

Did this episode motivate you to seek professional financial help?  If so, check out our friends at Nectarine, where you ONLY pay for investing & planning advice.  Advisors don’t manage your money, sell products, or earn commissions.  *Affiliate link below, so if you do work with Nectarine, we might earn a commission.
https://milehighfi.com/nectarine

Do you like the podcast and want to support the show?  Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses?  Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

Guitar Accessories

Hiking & Outdoor

Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers?  Of course you do!  We ALL do!  Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

Jeremy Schneider on MHFI episode 122

Jeremy Schneider on MHFI episode 243

MHFI Facebook group

Doug’s site

Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the 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

Email the show: [email protected]

0:00 Introduction

4:35 Insurance agents

9:24 The problem with fees

15:21 The downsides of DIY

19:57 Identifying blindspots

27:58 Dealing with complex situations

33:20 Actually working with an advisor

38:23 The importance of professional help

43:20 Mindset & spending in retirement

50:03 Soundcheck – Kitchen gadgets