Frances and Peter: Coast FI Case Study [rebroadcast] | MHFI 245

Doug and Carl chat with Frances & Peter to analyze the couple’s financial situation and determine the viability of their Coast FI strategy.   They discuss investment strategies, personal financial goals, maintaining a balance between frugality & enjoying life, the potential of leveraging real estate, and other financial planning aspects. Note: This is a rebroadcast of MHFI episode 186 This episode is brought to you by GhostBed.  Doug has the GhostBed Luxe Mattress and loves it!  Take the 3 minute sleep quiz to see which mattress is right for you.  Save 50% site-wide on your new mattress, bed frame, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI) Save With Mint Mobile! (https://milehighfi.com/mint) New customers can get 3 months of unlimited premium wireless for $15/mo.  Doug’s phone bill went from $1440/yr to $360/yr for him and his wife.  It’s super easy to switch and you can use your existing phone.  If you use the MHFI link, it won’t cost you extra and it helps support the show. Buy 2 months, get 1 month free limited time offer available until January 2, 2025 at 11:59pm PST for new customers and at select channels only. Use promo code: FREEMONTH. “One month free” applied as $15 discount at checkout on 3-month 5GB plan only – upfront payment of $30 required, w/taxes & fees extra. One-time discount applied for first 3 months only. Not combinable/available with certain other promotions/offers. Looking for help with your estate plan?  Trust & Will provides online tools for creating, you guessed it… trusts and wills.  For those who don’t have any estate planning documents in place, this could be a good option to get started.  We’re affiliates so we can earn a commission if you sign up.  Thanks for the support. https://milehighfi.com/trustandwill Need a fee only advisor?  Nectarine is a network of financial advisors where you just pay for investing & planning advice.  Advisors don’t manage your money, sell products, or earn commissions. We’re affiliates so we can earn a commission if you sign up.  Thanks for the support. https://milehighfi.com/nectarine Help Doug & Carl pay for their Dumb & Dumber tuxedoes by providing support at Buy Me A Coffee. Links (*Some affiliate links so we might earn a commission if you buy something) Modern Bookkeeping Services Carl Jensen The FIoneers on MHFI episode 084 Mad Fientist podcast, “1500 Days Podcast Takeover” Mr. Money Mustache Tim Ferriss, Mr. Money Mustache episode BiggerPockets Mr. Money Mustache, “What to Do About These High Interest Rates” Bill Perkins, “Die With Zero” Kindle Hardcover Paperback Audiobook Diania Merriam EconoMe Conference MHFI Facebook group Doug’s site Check out Producer Chris’s new 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 4:01 Coffee & asparagus 10:58 Coast FI definition 15:23 Retirement goals 21:08 Current housing situation 26:38 Roadblocks 32:02 Frugal in recovery 39:58 Envisioning the ideal life 45:42 Work situations & moving 51:58 Diving into the numbers 1:02:26 Resolving the housing situation 1:07:50 What would Carl & Doug do? 1:14:51 Soundcheck – The big event