Mar 08 2025 46 mins 61
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: [email protected]
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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
