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

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

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Email the show: doug@milehighfi.com

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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