Mile High FI Podcast Carl Jensen & Doug Cunnington

Doug and Carl discuss the challenges of retiring during a market downturn.  They delve into the significance of Sequence of Returns Risk & inflation then propose strategies for financial management during recessions, such as cutting expenses, maintaining cash reserves, adjusting withdrawals, part-time work, and re-evaluating investments. 
Note: This is a rebroadcast of MHFI episode 133
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)
Head over to Buy Me A Coffee and help support us, so that we can FINALLY make the mesh t-shirts that we’ve been talking about since this episode originally aired in 2022.
Links

EconoMe Conference
JD Roth/foldedspace
JD Roth on MHFI episode 127
Go Curry Cracker, “The Path to 100% Equities”
Michael Kitces, “Understanding Sequence Of Return Risk”
Michael Kitces on BiggerPockets Money podcast episode 351
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
4:11 Introduction 2
9:29 Taylor Swift
14:28 Retiring during a recession
18:37 Sequence of returns risk & inflation
23:11 Mitigating Sequence of Returns Risk & inflation
28:51 Other strategies for a downturn
34:28 First decade matters the most
38:43 Blooper- Failed quote

Doug chats with two recent retirees, his wife Elizabeth & friend Dusti.  They share vital tips and lessons they’ve learned, including financial planning, healthcare considerations, and the importance of flexibility and community in retirement.  The group also discusses real-life strategies like writing things down, engaging in fulfilling activities, and easing into new routines.
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)
Want to support our new product, the 1500 Days bidet?  If so, head over to Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)

Connect with Elizabeth by reaching out to Mindy:

Email
BiggerPockets
Twitter/X


Connect with Dusti:

Facebook
Strava
Instagram


Elizabeth & Dusti on MHFI episode 223
Elizabeth on MHFI episode 212
Dusti on MHFI:

Episode 172
Episode 178
Episode 179


Gretchen Rubin, “The Happiness Project”

Kindle
Hardcover
Paperback
Audiobook


Leckerlee Cookies
Robert Cialdini, “Influence: The Psychology of Persuasion”

Kindle
Hardcover
Paperback
Audiobook


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

Doug chats with two recent retirees, his wife Elizabeth & friend Dusti.  The group discusses the transition to retirement, sharing insights on dealing with stress, maintaining productivity, and discovering new interests.  Elizabeth & Dusti also answer questions from the Facebook mailbag.

Jamie – Have you decompressed yet from baseline stress?  Others have said you don’t realize how stressed you really are until you leave the job behind.  If so, how long did it take?  What’s been the biggest surprise in the first two months?
AJ – Has your mindset about money and spending shifted at all in the last two months?  Do you have more or less anxiety about fun spending?
Frieda – What were you grateful to have done prior to leaving your employer?  And is there anything that you wish you would have done in advance to your last day at work?
Hallie – Do you have any thoughts about finding challenges or fulfillment once the “honeymoon stage” is over?  Or are you just enjoying the process of relaxing and unwinding for now?
Catie – How are you balancing the productivity mindset versus relaxing/being present versus guilt for being able to do a lot more of ‘nothing’?  Curious about any new routines/structure of your day now too!
Chris – What has been most surprising in the first two months?  And looking back, is there anything you would have done differently about leaving?
Stephanie – Leading up to retirement, what did you think your biggest challenge was going to be in retirement?  And then now that you’re a few months in, what do you think the biggest challenge actually is?
Khang – What MORE do you want to do now that you’ve had some time to acclimate?  Is it an activity you’re surprised to find out about yourself?
Rakesh – When is Elizabeth going to join Dusti for running?
Eric – How long until Elizabeth is tired of being around Doug for all of those hours in a day?
Maggie – Does Elizabeth want to come to CampFI and do puzzles with me?
Callie – There is a puzzle competition???!!!  How do you find out about those?!
Mira – How is puzzle solving different pre and post retirement?

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)
Do you have even more questions for Elizabeth or Dusti?  If so, head over to the Mile High FI Facebook group or support us at Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)

Connect with Elizabeth by reaching out to Mindy:

Email
BiggerPockets
Twitter/X


Connect with Dusti:

Facebook
Strava
Instagram


Mile High FI Facebook Group
Elizabeth on MHFI episode 212
Dusti on

Doug and Amberly discuss the ins & outs of when to consider using a financial advisor.  They explore the pros & cons of working with advisors, fee structures, the importance of fiduciary responsibility, how to avoid bad financial advice, and complexities of DIY financial management.  They share personal stories and experiences to illustrate the discussion, including Doug’s past mistakes with an advisor and Amberly’s insights from hosting financial discussions & events.
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)
Want to support our new business venture, financial advisor/fiduciary hats?  If so, head over to Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)

Connect with Amberly:

AmberlyGrant.com
FinTalks
FinTalks Cruise
Instagram
Facebook
“Jump In Feet First” podcast


Elizabeth on MHFI episode 212
Amberly on MFHI episode 216
Wealthsimple
Jeremy Schneider/Personal Finance Club

“Types of Advisors”
“The Fees Add Up”
“Cost of Advice?”


Northwestern Mutual Conflict of Interest brochure
Northwestern Mutual Conflict of Interest brochure (Marked up)
Denver Asset Building Coalition
Brian Feroldi on MHFI episode 213
Downshift Financial
Nectarine, Advice-Only Financial Advisors
FeeOnlyNetwork
JL Collins, “Simple Path to Wealth”

Kindle
Hardcover
Paperback
Audiobook


Mark’s Money Mind Podcast
CampFI
EconoMe Conference
Mil

Doug and Carl answer questions from the Facebook mailbag.

Branden – Basically Coast FI, but can’t pass up the tax advantages of a 401k and a Roth IRA even though focusing on a taxable brokerage account would provide freedom sooner.  How did you prioritize which accounts to use and when?
Julie – Do you favor long-term care insurance?
Matt – How to approach the dating scene?
Andrea – What advice do you have for parents pursuing FI with kids & what would you do differently?  What thoughts do you have about raising a financially responsible set of kids? 
Claudia – What did you decide to do about college expenses for your kids?  How are you teaching them about money so that one day they can protect and grow what they will inherit?

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)
Want to support our new business venture, The Doug Cunnington School of Border Collie Excellence?  If so, head over to Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)

Mile High FI Facebook Group
Sean Mullaney
Mark’s Money Mind Podcast
Peter Attia
BJ on MHFI episode 217
EconoMe Conference
Stephen Baughier/CampFI
Bill Perkins, “Die With Zero”

Kindle
Hardcover
Paperback
Audiobook


Elizabeth on MHFI Episode 212
Amberly Grant
Brad Barrett/ChooseFI
Meteorologist Kristen
Hoffman Process
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:

Doug and Carl chat with Allison, delving into her unique journey as a nanny for high net worth families and some insights & takeaways from those with wealth.  Allison also discusses her path toward financial independence including frugal areas of her life, giving into the (lifestyle) creep, and finally attending an in-person FI event for the first time after being in the community virtually for so many years.
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)
Want to support our new business venture, Pets on Jets?  If so, head over to Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)

Connect with Allison on Instagram
FinCon
“Mindy On Money” podcast
EconoMe Conference
Vicki Robin & Joe Dominguez, “Your Money or Your Life”

Kindle
Paperback
Audiobook
Audio CD


Pete Adeney/Mr. Money Mustache
Early Retirement Extreme
Brad Barrett/ChooseFI
BJ on MHFI episode 217
CampFI
Allison on Earn & Invest podcast, “How to Take Action (Live From Econome)”
Allison on ChooseFI podcast, “The Courage to Take Action | EconoMe LIVE with Doc G | Ep 488”
Jordan Grumet/Doc G
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: