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Doug and Mark Trautman (Mark’s Money Mind) answer questions from the listener mailbag. They discuss how to prepare for retirement, building social connections beyond work, psychological shifts of leaving a career, strategies for “manufacturing” a retirement paycheck, how to navigate the changing landscape of car ownership (buying vs. leasing), and the mindset shift of decumulation & spending.

Do you like the podcast and want to support the show? Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses? Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

• Guitar Accessories
• Hiking & Outdoor
• Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers? Of course you do! We ALL do! Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

• Mark Trautman/Mark’s Money Mind
• Mark’s Money Mind Episode 063, “Taxes, Travel, and Market Turbulence”
• CampFI
• Mr. Money Mustache on MHFI episode 309
• Kevin Sebesta on MHFI episode 302
• Morgan Housel, “Psychology of Money”
  • Kindle
  • Hardcover
  • Paperback
  • Audiobook
• ChooseFI Ep 022, “The True Cost Of Car Ownership”
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s 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

0:56 Recent travels

5:53 Question – Preparing to retire

11:13 Social connections, hobbies, & identity

18:50 Retirement paycheck strategy

23:35 Question – Leasing vs. buying cars

29:16 Longevity & when leasing makes sense

34:17 Question – Decumulation & spending

40:47 Calculating downsid...

Doug chats with his wife Elizabeth about her 2-year anniversary in early retirement. Elizabeth describes why she loves not working, challenges with balancing routine vs. flexibility, and how reduced stress has improved relationships and communication. Doug & Elizabeth also discuss budgeting with a financial advisor, differences in “fun fund” spending, the impact of market returns on retirement confidence, perceived social pressure within the FI community to retire, and not necessarily retiring “to something”.

Do you like the podcast and want to support the show? Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses? Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

• Guitar Accessories
• Hiking & Outdoor
• Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers? Of course you do! We ALL do! Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

• Elizabeth on MHFI episode 281
• Leckerlee Cookies
• Earn & Invest, “What’s the Point of FIRE?”
• The FI Collective
• Bill Perkins, “Die With Zero”
  • Kindle
  • Hardcover
  • Paperback
  • Audiobook
• “Survive the 9 to 5” podcast
• “The Doug Show” podcast
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s 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

2:08 Leaving a full-time career

8:07 Part-time work experiment

18:36 Retirement surprises

23:03 Finding a routine

29:46 Relationship improvements

36:28 Pressure to retire

43:31 Spending & budgeting

50:30 Influence of the stock market

55:24 Retirement tips & readiness

1:00:05 Wh...