Are High Net Worth People Happier? – Allison | MHFI 220

Doug and Carl chat with Allison, delving into her unique journey as a nanny for high net worth families and some insights & takeaways from those with wealth.  Allison also discusses her path toward financial independence including frugal areas of her life, giving into the (lifestyle) creep, and finally attending an in-person FI event for the first time after being in the community virtually for so many years.

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Links

(*Some affiliate links so we might earn a commission if you buy something)

• Connect with Allison on Instagram
• FinCon
• “Mindy On Money” podcast
• EconoMe Conference
• Vicki Robin & Joe Dominguez, “Your Money or Your Life”
  • Kindle
  • Paperback
  • Audiobook
  • Audio CD
• Pete Adeney/Mr. Money Mustache
• Early Retirement Extreme
• Brad Barrett/ChooseFI
• BJ on MHFI episode 217
• CampFI
• Allison on Earn & Invest podcast, “How to Take Action (Live From Econome)”
• Allison on ChooseFI podcast, “The Courage to Take Action | EconoMe LIVE with Doc G | Ep 488”
• Jordan Grumet/Doc G
• 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

3:12 Life as a nanny for the wealthy

9:22 Insights on wealth & happiness

13:11 Sunk cost fallacy

20:28 Contemplating life with 100X current net worth

27:19 Discovering Financial Independence

37:35 Areas of frugality

42:58 Giving in to the (lifestyle) creep

49:22 Attending first FI events

55:19 FI in real-life

1:05:13 The perfect day

1:09:47 Soundcheck – Gray blobs