This is a Bonus episode with producer Chris!
We talk about:
the correlation between happiness and income
key inflection points in their lives
their spending habits on toys and experiences
Doug also shares insights on Elizabeth’s retirement and its impact on their lives.
Happiness Study Links:
High income improves evaluation of life but not emotional well-being) – 2010 Study by Kahneman and Deaton
Income and emotional well-being: A conflict resolved) – 2022 Study by Killingsworth and Kahneman and Mellers
Check out Producer Chris’s blog: Epic Financial Journey)
Join the Mile High FI Club) – It’s our email list!
MHFI Facebook group)
Help Doug publish more shows by supporting at Buy Me A Coffee).
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Email the show: [email protected]
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Timestamps
00:00 Intro
00:55 Meet Producer Chris
03:07 Happiness and Income Studies
10:16 Inflection Points in Life
18:51 Toys and Spending
24:17 Guitar Trading and Financial Insights
25:27 Shifting Focus to Experiences
26:47 Balancing Material and Emotional Investments
28:53 Band Aspirations and Musical Gear
30:11 Reflections on Early Retirement
41:37 Frugal Habits and Financial Quirks
