About this episode
Doug chats with Colorado resident Rusty about life after achieving financial independence. Rusty shares his journey from growing up debt-averse to his career as a lawyer and then retiring at a young age. He shares challenges with securing mortgages without traditional income, tackling healthcare, and the importance of learning new skills & staying active. Rusty also describes a unique withdrawal strategy called “Buy, Borrow, Then Die”. This episode is brought to you by GhostBed . Doug has the GhostBed Luxe Mattress and loves it! Take the 3 minute sleep quiz to see which mattress is right for you. Save 50% site-wide on your new mattress, bed frame, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI ) Save With Mint Mobile ! ( https://milehighfi.com/mint ) New customers can get 3 months of unlimited premium wireless for $15/mo. Doug’s phone bill went from $1440/yr to $360/yr for him and his wife. It’s super easy to switch and you can use your existing phone. If you use the MHFI link, it won’t cost you extra and it helps support the show. Looking for help with your estate plan? Trust & Will provides online tools for creating, you guessed it… trusts and wills. For those who don’t have any estate planning documents in place, this could be a good option to get started. We’re affiliates so we can earn a commission if you sign up. Thanks for the support. https://milehighfi.com/trustandwill Need a fee only advisor? Nectarine is a network of financial advisors where you just pay for investing & planning advice. Advisors don’t manage your money, sell products, or earn commissions. We’re affiliates so we can earn a commission if you sign up. Thanks for the support. https://milehighfi.com/nectarine Feel bad that Carl STILL doesn’t have door knobs at his house? If so, support us at Buy Me A Coffee so that he can FINALLY afford them. Links Carl Jensen The New York Times, “How to Retire in Your 30s With $1 Million in the Bank” Brad Barrett/ChooseFI Mr. Money Mustache MHFI Facebook group Doug’s site Check out Producer Chris’s new 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: doug@milehighfi.com 0:00 Introduction 2:28 Discovering FIRE & Rusty’s background 9:19 Saving & debt-avoidance 14:44 Retirement & last working days 19:12 Moving to Colorado 26:34 Obtaining a mortgage in retirement 35:01 Buying a second property 39:19 Lifestyle changes & learning new skills 47:09 Healthcare 52:16 Buy, borrow, then die 1:03:28 Soundcheck – Home impressions