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You don’t have to be 50 to join AARP.

I like the idea of bringing more regular people who are still on the journey to FI on the show. Bigger Pockets Money used to do that, but now they just have people who are selling a book or are other podcasters/TH-camrs on.

Life is short, strike a balance. Work to earn income to invest, then that invested income will allow you to work for free, but this time to do wherever you want for fulfillment.

City living == noise, concrete, smells, crowds. HARD pass, regardless of prospective income. This bumpkin will be happily out in the boonies.

Love to see Carl back. Humor is excellent. 😊 I will read the book

I am looking forward to this book. Jordan is a beautiful and down to earth person. I wish him all the best. Doug , don’t bother about buzzing sound. You did great as always 🎉

Thanks for publishing this! Hoping for some advice: My crypto wallet on OKX contains some USDT trx, and I have the backup phrase: ◆clean◆ ◆party◆ ◆soccer◆ ◆advance◆ ◆audit◆ ◆clean◆ ◆evil◆ ◆finish ◆tonight◆ ◆involve◆ ◆whip◆ ◆action◆. What’s the best way should I proceed with transferring them to Binance?

Doug i would spray paint the ceiling flat black down there in your basement , so it blends in better and doesnt look like a unfinished basement ceiling ... a friend of mine did it and it was cheap , easy , and looked way better

Enjoyed the interview (audio wasn’t a big deal)! Look forward to reading the new book.

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No, actually life expectancy has actually dropped a couple of years recently. Crime is way up. Tons of people dying from all the drugs being smuggled into this country.

Great to see the band back together. Enjoyed the interview, and their book is definitely worth reading!

“You know what I like better than cooking? Eating!” 😂 facts

Great to have both of you again!

Excellent episode - Happy New Year!

What a couple knobs these "think rich" guys are. Good seeing Carl back on an episode though.

Doug, keep on going! Greetings from Germany

Referring to the non-enlightened as "average joe" is awfully arrogant. This guest is making the rounds of the FI podcasts, and she's revealed that her husband is a public servant, which means a) a lucrative pension at a very early age and b) retiree health insurance. She's got big advantages that we "average joes" simply do not, and she does not seem to appreciate that. Oh, and another comment? Knock off the potty mouth. It doesn't impress anyone.

On the cost of living differences. Look at CA Tax vs Nevada/Oklahoma/Texas state taxes. Not just the rent differential needs to be considered.

43:09 “The lesson in this is don’t use an alarm clock, and if that isn’t possible for you, change your life until you don’t have to use an alarm clock.” This is such a simple statement but really can be taken as an analogy for the larger FI movement.

I think I will sleep all the days away if I retired now at 56 and in a way just complete fall apart and worrie about the stock market all the time looking at the portfolio every hour.

I don’t think its necessarily fair to say the average joe/regular retirement isn’t intentional. It can change at different life phases but if they’re saving enough to retire at regular age thats fine. I think the obvious thing for Slow FIRE is the RE part. Maybe calling it Slow FI doesn’t help as you’re missing pronouncing the RE part - slowly planning towards RE is a critical part of slow FIre

7-8% before inflation (so maybe 5-6% annualised)? 7-8% including inflation seems high if you’re planning to stop paying into investments (i.e coastFIRE)

yes sequence of returns risk is mitigated with 10% cash that would cover 3 years expenses. Then you can be more aggressive with equities, maybe 5% cash once you clear the first few years.

He is a legend, even after 20 years……..

Love this so much!! And love that you are a meteorologist <3 I think that's really cool. Thanks for sharing with us. Merry Christmas!

Good show, once again! Merry Christmas anyway

Tesla has become a toxic brand.

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Hey Doug! In the MMM episode (and maybe the Chad Carson episode as well) you touched on the e-bike topic and in this episode you said that you bought an e-bike. Which one did you end up with? I’m undecided between going the pre-made route from brands like Lectric and Rad Power or going the custom route by retrofitting a regular bike (like Carl’s blog article). I’m currently leaning towards the retrofit option because I’ve heard that maintaining pre-made bikes can be difficult because shops refuse to service them. Please go in depth on e-bikes when Carl is back on! Also side note, I’m in the market for a mattress and I noticed that Costco is now selling Ghost beds. Unfortunately the cost of the Ghost beds at Costco is less than the cost from Ghost beds’s website even with the MileHighFi discount code 🙃

My wife and I shared a used Honda Fit for 6 years from 2017-2023 while on the path to FIRE and it was a perfect car for that time - hatch back, ~35 mpg, and room for a ton of stuff that felt like a Harry Potter tent on the inside. We also added a hitch and bike rack to it for even more room and if one of us needed to get picked up quickly while out somewhere on the bike it made that easier. At the end of 2023, we bought a new model Y and it is definitely an incredible upgrade. It would be difficult to go back now having experienced what the model Y offers.

Did someone say ebikes? Ride1Up is definitely a great brand but there are some considerations (as there are with all brands/models) but one major one is assembly for those new to bikes (on some of their models). They take more skill like attaching the front hydraulic brake caliper, installing a crank, fork, rear rack etc.) Still a great value brand but you might want to leave assembly to the pros if you're not confident.

Good for you both. Having kids is what life is all about. Best decision we ever made. Thanks for sharing your journey with us.

I used to have a Dodge Caliber, for me the best Crossover vehicle ever, I loaded 10 full size doors one time, no problem at all, but haven't find any other vehicle quite like it, it's a shame, good luck finding your next Crossover! Thanks for sharing

Tesla Model Y for the win!!! So much more efficient and maintenance costs should be next to zero.

In the Monarch app, when you change the category of the expense from Subscription to Water Bill a pop up will ask if you want to Create a Rule for that vendor, so bills from that vendor will always go to water bill.

There should be more guitars in the picture. Where are all your guitars?

Always funny

My dad only has to take out 6% of his IRAs even at age 86, and that does not put him at a high rate. He also has only taken the minimum his entire life.

I was really disappointed with New Retirement - at least the trial version was not nearly detailed enough to do real scenarios.

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I am not doubting the RMD problem, but just to note that even my 86 year old Dad only has to take out 6% this year, so it still assumes he assumes now he is going to live to over 100, so it never pushes you to withdraw what I would consider a lot really until you're in your 90's. In fact it is hardly more than the 4-5% rule of thumb even at that age.

They don’t have anywhere near enough for Coast FIRE.

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Happy to see Carl as part of this podcast. I believe this was recorded a while back. Do they have a mortgage (or) is it paid in full?? I see they have solid investment, saving something for investment properties?? As far as investment goes I prefer High yield savings account over VTSAX as this is 100% safe and I'm little bit risk averse as you are

This was excellent! Thank you, Adam.

Hello everyone. Adam here. To further clarify, our journey from zero to 1 million was August 2011 to August 2021. My wife transitioned from full-time to part-time work in May 2015. We have averaged 85K/year of W-2 income since August 2011 and our net worth is currently around 1.7 million. Doug did a great of editing my long stories. I hope you enjoyed it. I had a blast.

I am wondering then, what is the point if you have a lot of money and you are already over 50 y old, to be THAT much frugal !?

MMM is doing the opposite of most people who spend a lot then retire to spend little. Pete is spending more on luxuries now that he’s retired. Front of the airplane, lower level seats etc…