Mile High FI Podcast Retirement Readiness & Car Ownership - Mailbag with Mark Trautman | MHFI 313
Doug and Mark Trautman (Mark’s Money Mind) answer questions from the listener mailbag. They discuss how to prepare for retirement, building social connections beyond work, psychological shifts of leaving a career, strategies for “manufacturing” a retirement paycheck, how to navigate the changing landscape of car ownership (buying vs. leasing), and the mindset shift of decumulation & spending.
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Links
- Mark Trautman/Mark’s Money Mind
- Mark’s Money Mind Episode 063, “Taxes, Travel, and Market Turbulence”
- CampFI
- Mr. Money Mustache on MHFI episode 309
- Kevin Sebesta on MHFI episode 302
- Morgan Housel, “Psychology of Money”
- ChooseFI Ep 022, “The True Cost Of Car Ownership”
- MHFI Facebook group
- Doug’s site
- Check out Producer Chris’s blog: Epic Financial Journey
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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.**
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The Doug Show, aka Affiliate Marketing & Side Hustles
Email the show: doug@milehighfi.com
0:00 Introduction
0:56 Recent travels
5:53 Question – Preparing to retire
11:13 Social connections, hobbies, & identity
18:50 Retirement paycheck strategy
23:35 Question – Leasing vs. buying cars
29:16 Longevity & when leasing makes sense
34:17 Question – Decumulation & spending
40:47 Calculating downside risk & seeking advice
49:24 Soundcheck – Casa Bonita