• Money & Happiness, Inflection Points, Frugal Habits BONUS | MHFI 257.5

  • Mar 8 2025
  • Length: 47 mins
  • Podcast

Money & Happiness, Inflection Points, Frugal Habits BONUS | MHFI 257.5

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  • Summary

  • 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.

    See other sponsors and affiliate partners, like Mint, Trust&Will, and Nectarine.

    Email the show: doug@milehighfi.com

    —-

    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
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