Productivity is a Problem | MHFI 341

Doug and Mr. Money Mustache discuss life after corporate work, rental-property asset protection, and tax strategies including gain and loss harvesting. I put together the MMM episode guide: Mr. Money Mustache Episode Guide & Index Links Pete Adeney/Mr. Money Mustache Coach Carson on LLCs (youtube link)  Chapters (00:00:06) - Podcast Intro and Announcements(00:01:23) - Rethinking Productivity in Retirement(00:03:30) - How Retirees Contribute to the Economy(00:05:50) - Economics, Financial Crises, and Economic Resilience(00:10:37) - Rental Property Asset Protection(00:14:44) - Tax Gain Harvesting and Its Ethics(00:18:01) - Tax-Loss Harvesting in Practice(00:22:29) - When Is Tax Optimization Worthwhile?(00:24:07) - Wrap-Up and Upcoming PlansDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Doug and Mr. Money Mustache discuss choosing a place to retire, comparing Colorado’s costs and lifestyle with other locations. They also discuss geographic arbitrage and ways to explore potential places to live. I put together the MMM episode guide: Mr. Money Mustache Episode Guide & Index Links Pete Adeney/Mr. Money Mustache Chapters (00:00:00) - intro(00:02:28) - How State Taxes Affect Retirement(00:08:06) - Moving to Colorado and Finding Home(00:10:42) - Geo-Arbitrage: Finding an Affordable Place to Live(00:15:10) - Test-Drive a Town Before Moving(00:17:13) - Find Community Wherever You Go(00:19:58) - Wrap-Up and Listener QuestionsDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Carl and I discuss Stoicism and how we respond to criticism. I talk a little more about the Lazy Book (again). This is a partial highlight episode. I took some of the best parts from a 2023 episode. Don't worry, there is new stuff, plus you probably forgot the episode. I know I did!  Chapters (00:00:09) - Stoicism and the Art of Taking Life Slower(00:04:17) - Time Wealth: Making Room for What Matters(00:05:49) - A Book About Laziness and Anti-Productivity(00:07:53) - Reaching Stoicism Overload(00:10:12) - Turning Insults Into Compliments(00:12:44) - Emotional Detachment and Stoic Practice(00:16:52) - Responding to Criticism With Curiosity(00:21:07) - Finding the Useful Truth in Criticism(00:23:41) - Anxiety, Busyness, and Leaving Earlier(00:27:15) - Letting Go of What You Can’t Control(00:29:07) - Insignificance, Happiness, and Freedom(00:30:50) - External Validation and Creative Work(00:34:32) - Planning a Writer’s Retreat(00:35:54) - Writing in Focused Bursts and Taking Breaks(00:38:36) - Creativity, Cannabis, and the Book RetreatDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Just a few updates for Oct. Send your questions for an upcoming show. [email protected]  And I talk about fitness & fitness trackers. Chapters (00:00:00) - Intro(00:01:15) - Send Your Questions(00:02:23) - Xero Shoes Update(00:06:08) - Fitness Tracking Changes(00:12:29) - Quitting Optimization Podcasts(00:14:02) - Retirement Shoutout(00:14:25) - Wrap UpDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

A listener asks about stepping back from work and how a 6.25% withdrawal rate might impact his family's lives. Rusty joins me to discuss the lifestyle implications, how a 6.25% withdrawal rate, and 50% success rate might be a really good move. It's not financial, legal, or tax advice...it's just our thoughts. Chapters (00:00:05) - Welcome(00:01:07) - A Listener’s Early Retirement Dilemma(00:02:34) - Anton’s Family, Finances, and FIRE Plans(00:05:07) - Time with Kids Versus Financial Certainty(00:09:39) - What Is Financial Independence For?(00:10:29) - Summer Break in the Mountains(00:13:44) - Rethinking Failure in Early Retirement(00:22:07) - FU Money and Returning to Work(00:31:28) - What a “Failed” Retirement Really Means(00:34:43) - What Retirement Calculators Leave Out(00:44:20) - Accessing Retirement Accounts Early(00:50:23) - Housing, Family Pressure, and Personal Values(00:53:40) - Choosing Your Own Path(00:57:52) - Prioritizing Life Over Success Rates(00:59:38) - Doug’s Blu-ray Player PurchaseDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Doug and MMM answer a voicemail. A listener wants to know "what is enough?" He's 41, net worth of about $3.2M, paid off house, $1.75 million in retirement accounts, $200K in cash, and $750K in stocks in a brokerage account. Expenses are around $60,000 per year. I put together the MMM episode guide: Mr. Money Mustache Episode Guide & Index Links Pete Adeney/Mr. Money Mustache Chapters (00:00:13) - Disclaimer and Episode Setup(00:01:46) - What Is Enough?(00:06:11) - Rob’s Financial Picture(00:08:16) - Safe But Still Working(00:13:40) - Why Goalposts Move(00:20:51) - Lumpy Expenses Explained(00:25:33) - Other People’s Expectations(00:28:30) - Sunk Costs and RSUs(00:32:37) - Life After Work(00:37:54) - Quit the Wrong Job(00:39:38) - Camp Fi and Fear Talk(00:42:32) - Road Trip Reflections(00:43:58) - Bogleheads and New VenturesDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Laziness has a branding problem. Justin Peters and Doug talk about idleness, anti-productivity, and intentionally doing less stuff. FI Minded – Financial Independence Without the Extremes Do you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi 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.** Chapters (00:00:00) - Intro(00:02:08) - Why Anti Productivity(00:03:22) - Lazy vs Anti Productivity(00:06:58) - FI Mindset Shift(00:09:01) - Fears Behind Overwork(00:13:42) - Status and Scaling Trap(00:17:47) - Optimizing Hobbies(00:28:39) - Practicing Doing Nothing(00:42:19) - Wrap Up and Where to ListenDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Mr. Money Mustache and I worked on something cool! I put together the MMM episode guide: Mr. Money Mustache Episode Guide & Index Links Pete Adeney/Mr. Money Mustache Chapters (00:00:00) - Bonus Episode Setup(00:01:23) - Why Simple Path Works(00:05:25) - Recording With Mr Money Mustache(00:10:54) - Audiobook Wrap And Next Steps(00:12:15) - Index Funds Explained(00:22:03) - Timing The Market And ClosingDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Rusty and I talk about whether listener, April, should consider a higher paying role as a manager or stay as an individual contributor. This topic was inspired by our episode on quiet quitting. Do you like the podcast and want to support the show? https://buymeacoffee.com/milehighfi **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 Email the show: [email protected] 00:00 Welcome Back and Not Advice 00:51 Quiet Quitting Email Setup 03:42 April’s Dilemma and Timeline 09:29 Manager vs IC Tradeoffs 14:27 Overachievers and Winding Down 34:43 Coasting for Meaning 36:09 Downtime Hobbies 39:02 Retirement Burnout Myth 42:32 Government Job Perks 49:08 Stay IC for Now 55:02 Stand-Up Comedy ClassDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**

Doug chats with Blue (From Paychecks to Purpose podcast) about the intersections of money, career, personal identity, and living a good life.  They discuss early money memories & childhood influences, transitioning out of corporate roles, entrepreneurship, avoiding the trap of tying self-worth to a job title, embracing leisure & anti-productivity, and the concept of “Deep Pursuits” to find purpose outside of work. Do you like the podcast and want to support the show?  Follow the links to find out how: https://buymeacoffee.com/milehighfi https://milehighfi.com/support/ Links From Paychecks to Purpose ChooseFI episode 596, “Mistakes Were Made” Mr. Money Mustache, “The 4% Rule: The Easy Answer to “How Much Do I Need for Retirement?” FinTalks 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: [email protected] 0:00 Introduction 1:17 Money origins 9:24 Frugality & financial basics 15:07 Engineering careers 25:35 Transitioning to self-employment 32:14 Entrepreneurship 36:01 Identity beyond work 41:48 Anti-productivity 47:28 Deep pursuits & flow state 54:40 Travel as growth 1:00:16 PurposeDo you like the podcast and want to support the show?  Follow the links to find out how:https://buymeacoffee.com/milehighfi Get MHFi Merch – It helps support the show. Get t-shirts & more [email protected] **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.**