cover of episode Retiree's Guide: Overcoming Frugality & Embracing Spending, Pt 3 | MHFI 163

Retiree's Guide: Overcoming Frugality & Embracing Spending, Pt 3 | MHFI 163

2023/5/30
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Mile High FI Podcast

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Shownotes Transcript

Doug and Carl talk about the shift from saving to spending in retirement. It’s not always easy to go from being a big saver to a big spender. Or even a little spender.

	- Budgets in retirement

	- The importance of experiences

	- The Splurge Fund

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Links

	- [ChatGPT](https://openai.com/blog/chatgpt))

	- [The Paradox of Choice](https://en.wikipedia.org/wiki/The_Paradox_of_Choice))

	- [NoCo Mustachian Meetup](https://www.meetup.com/NoCoMustachians/))

	- Carl’s [very big purchase](https://milehighfi.com/podcast/151-memory-dividends-purchase/))

	- [Die With Zero](https://amzn.to/3UzjQ67))

	- [Doug’s site](https://dougcunnington.com/)) - Check out the NEW [Sleep Post](https://dougcunnington.com/sleep/)).

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

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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.

Brought To You By:

The Doug Show, aka Affiliate Marketing & Side Hustles)

1500 Days, Carl's Blog about Early Retirement)

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

0:00 Introduction

1:22 New acquisitions

8:31 How often Carl & Doug review finances

18:38 Doug’s budget & expense tracking

24:53 Buying more time

29:21 Prioritizing experiences, health, quality of life

38:33 Happiness

48:05 Splurging

56:06 Don’t try to optimize

1:01:06 Support the show

1:05:51 Soundcheck - Carl & Mindy’s guest appearance