Doug and Carl delve into the differences between being “rich” and being “wealthy”, discussing their own journeys to financial independence and the pivotal moments when they each felt rich and then wealthy.  They reflect on pieces of financial advice, how to feel wealthy, reclaiming an abundance mindset from scarcity, and the importance of evaluating personal happiness.  Both also share anecdotes about their life experiences, underscoring the inherent value in simplicity and their changing perceptions on spending as their net worth increased.
Are you feeling wealthy, feeling rich, or craving simplicity?  If so, then simply come on over and support us at Buy Me A Coffee.
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Doug & Carl will be attending the EconoMe Conference in Cincinnati, OH on March 15-17, 2024.  For those interested in attending, use the coupon code MILEHIGHFI at checkout to save 10%.  https://economeconference.com/
Links

Morgan Housel podcast
Books by Morgan Housel

“The Psychology of Money”

Kindle
Hardcover
Paperback
Audiobook


“Same as Ever”

Kindle
Hardcover
Paperback
Audiobook




EconoMe Conference
Empower (formerly Personal Capital)
Pete Adeney/Mr. Money Mustache
JL Collins Blog
Diania Merriam on MHFI Episode 199
CampFI
Mile High FI Facebook Group
Doug’s site
Carl’s blog: 1500 Days

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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.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl’s Blog about Early Retirement
Email us here: doug@milehighfi.com or carl@milehighfi.com
0:00 Introduction
1:07 Rich vs wealthy defined
6:46 Illusion of wealth
12:33 Consumerism – experiences & experiments
20:32 Feeling rich
25:29 Feeling wealthy
30:49 Becoming comfortable with spending & feeling wealthy
35:17 The power of simplicity
40:03 Soundcheck – Freezing water