Mr. Money Mustache on Simplifying Your Finances (Live CampFI) | MHFI 229

Doug and Carl answer a potpourri of audience questions at CampFI Rocky Mountain with help from Mark Trautman (Mark’s Money Mind), Pete Adeney (Mr. Money Mustache), Travis Hughes (Downshift Financial), and Mindy Jensen (BiggerPockets Money/Mindy on Money). On a scale of 1 to 10, how happy were you to see asparagus served in the cafeteria at CampFI? What was the most embarrassing moment on the way to FI? For Pete: How do you navigate a complex case study – how do you look at it, and how do you simplify? If we find ourselves in a really good situation it might be better to change the world a little bit while we’re still alive. Why do we have to wait until we’re dead? How do you feel about asparagus? Can you talk about your interest in coaching and why you enjoy it? What has surprised you about post-FI life? What is still on your bucket list to do post-FI? As a recovering FIRED software engineer, I’m still too much into routines and planning. How do I introduce more spontaneity into my life post-FI? What is your second favorite vegetable (besides asparagus)? For Travis: Is a Roth conversion considered earned income? Is it income that can be deducted for HSA, rental loss, other business loss, capital gain loss? What is the weird habit you do in the bathroom that you don’t want anyone to know? What percentage of assets should be in bonds vs stocks and when should you rebalance? Why is Emma so awesome? For Mindy: What is your favorite part of CampFI? Compare and contrast index funds vs real estate Any interest in a new FI movement – Sasquatch FI (whereby you pursue FI to find a life dedicated to traveling the world in search of the elusive, enigmatic Bigfoot)? FI has changed a little bit from the early blogging days, so how do you see it shifting with “Die With Zero”? How do you see the new wave of FI? David Lee Roth or Sammy Hagar? Be sure to check out the new GhostBed Massage Topper . Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI ) Missed CampFI but still want to hang out? If so, join us in our Facebook group or over at Buy Me A Coffee . Links (*Some affiliate links so we might earn a commission if you buy something) CampFI Mark Trautman Mark’s Money Mind website Mark’s Money Mind podcast Pete Adeney Mr. Money Mustache blog Instagram Mr. Money Mustache, “Notes on Giving Away my First $100,000” Mr. Money Mustache, “How to Give Money (and Get Happiness) More Easily” Travis Hughes/Downshift Financial Mindy Jensen Email: mindy@mindyonmoney.com BiggerPockets BiggerPockets Money Mindy on Money scholarship Darren & Jolene/Dare to Draw Down Maggie Gunther Peter Singer, “The Life You Can Save” Hardcover Paperback Audiobook JL Collins FI Freedom Retreats Bill Perkins, “Die With Zero” Kindle Hardcover Paperback Audiobook Bob Haines on MHFI episode 210 Wim Hof BJ on MHFI episode 217 Dan Sheeks/Sheeks Freaks Early Retirement Extreme Heavy Metal Money Mile High FI Facebook Group Doug’s site Carl’s blog: 1500 Days — 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 0:00 Introduction 3:35 Most embarrassing FI moment 10:26 Pete discussing Case Studies 16:50 Giving back with Pete 22:23 Post-FI life 28:03 Introducing spontaneity 34:08 Travis discussing Roth Conversions 41:42 Asset allocation & rebalancing 48:44 The Mindy takeover 55:18 Mindy comparing index funds vs real estate 1:02:58 New wave of FI