"Revoke My FI Membership Card!" - Amberly Grant | MHFI 174
01:24:13 Share

Doug and Amberly chat about key tenants of Financial Independence, shifts in the community over the years, and how each of them have “failed” in different FI-related areas (along with some successes).  Amberly also shares details of an upcoming FI cruise!

	- Change in FI philosophy from a focus on saving to spending & living a fulfilling life.

	- Doug & Amberly’s FI failures: credit card points/travel rewards, budgeting & tracking expenses, 4% rule, optimizing contributions to retirement accounts, savings rate, frugality, whole life insurance, house hacking, college degrees, travel, buying a new home,

	- Success with mindful consumption

	- Amberly’s experience with CNBC & dealing with early retirement critics

Trying to maintain your FI Membership Card? One way to do this is by supporting us at Buy Me A Coffee).  (Disclaimer: No actual membership card will be provided)

Links

	- [Mad Fientist](https://www.madfientist.com/))

	- [ChooseFI Travel Rewards](https://www.choosefi.com/intermediate-travel-rewards-ep-442/))

	- [The Fioneers](https://thefioneers.com/))

	- [Mark’s Money Mind](https://marksmoneymind.com/))

	- [Fincon](https://finconexpo.com/))

	- [Amberly on CNBC](https://www.cnbc.com/2022/12/06/millennial-earns-6500-dollars-per-month-in-passive-income-plans-to-retire-early.html))

	- [Doug’s site](https://dougcunnington.com/))

	- Carl’s blog: [1500 Days](https://www.1500days.com/))

Connect with Amberly Grant!

	- [AmberlyGrant.com](https://www.amberlygrant.com/))

	- [FinTalks](https://www.amberlygrant.com/fintalks))

	- [Instagram](https://www.instagram.com/amberlygrant/))

	- [Facebook](https://www.facebook.com/AmberlyGrantFinance))

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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.

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1500 Days, Carl's Blog about Early Retirement)

Email us here: [email protected] or [email protected]

0:00 Introduction

1:56 FinTalks cruise

7:57 Shifts in the FIRE community

14:52 Failure #1: Travel rewards

22:42 Failure #2: Budgeting & expense tracking

35:38 Failure #3: 4% rule

38:37 Failure #4: Optimizing retirement contributions

46:15 Failure #5: Savings rate

48:25 Failure #6: Frugality

1:00:40 Misc failures & mindful consumption

1:09:35 Criticism of early retirement

1:18:20 Soundcheck - Hot sauce