About this episode
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 Mad Fientist ChooseFI Travel Rewards The Fioneers Mark’s Money Mind Fincon Amberly on CNBC Doug’s site Carl’s blog: 1500 Days Connect with Amberly Grant! AmberlyGrant.com FinTalks Instagram Facebook -- 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