"Revoke My FI Membership Card!" - Amberly Grant | MHFI 174

Mile High FI Podcast

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
Trying to maintain your FI Membership Card? One way to do this is by supporting us at Buy Me A Coffee.  (Disclaimer: No actual membership card will be provided) Links Connect with Amberly Grant! -- Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shorts & 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 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
More description
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
Trying to maintain your FI Membership Card? One way to do this is by supporting us at Buy Me A Coffee.  (Disclaimer: No actual membership card will be provided) Links Connect with Amberly Grant! -- Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shorts & 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 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
2023-08-08 84 min
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