1500 Days to Freedom LIVE at FinCon|Carl&Mindy Jensen - a podcast by Cody of Fly to FI and Justin aka Saving Sherpa
from 2019-09-17T07:00:21
In today's episode, Cody and Justin are joined by Carl and Mindy Jensen from 1500 Days.
This power couple is a staple in the financial independence space.We had a blast recording live at FinCon and can't wait for you to hear.
Discover the origin of the 1500 day blog, the dinosaurs, and why Carl will never be a plumberListen and read below to get all the wisdom from Carl and Mindy.
Episode SummaryCarl discovered FIRE after having a bad day at work at age 37
He ended up setting a goal of retiring in 1500 daysHe met his goal at age 43
Mindy and Carl write over at 1500 daysMindy is also a co-host of the Bigger Pockets Money Podcast
They live next to Mr. Money Mustache in ColoradoAfter becoming friends they went in together in a co-working space
We start unwrapping Carl and Mindy’s upbringingCarl’s parents weren’t very good with money
He also was the first in his family to go to collegeCarl became a work-a-holic and a money hoarder
He would wake up with nightmares about money and getting firedMindy actually is the one who still works though
She loves her job, which has nothing to do with her educationMindy and Carl had their kids before they discovered FIRE
They were three and five years oldBoth kids are still in school
With that, Mindy doesn’t miss valuable family time by workingWe then discuss how the kids perceive them as retired parents
Mindy recalls growing up spending all Saturday going to garage salesShe said her parents had money but didn’t let the kids know
Carl recalls picking individual stocks when he first started workingHe doesn’t recommend this approach now but got lucky with it
Mindy didn’t utilize the stock market until she got marriedBut she did start investing in real estate right away
Her first place was a $50k condoShe sold it a little later for $75k
We go back to hearing how Carl started his blog 1500 daysIt was based on the days left he had to work after discovering FIRE
The blog was a way to keep him accountableCurrently, they invest in real estate including a Maine trailer park
They also do index funds, solo 401ks, and a syndicate dealThey still do live in flips and are about to start a new one
We then discuss the things they do for funCarl’s favorite thing about retirement is the uncertainty
The next big project they have is starting a breweryMindy discusses not moving around even with no job holding them down
Then we dial into the final three questionsTrust us you won’t want to miss these
Hint… Carl gets sprayed with feces Key Takeaways
You may not change: Carl was addicted to working and staying busy. Just because he doesn't have to work, doesn't mean it changes that natural instinct to look for the next project.
You may work for fun: Most people get nervous about retiring early out of fear. In reality, most people still end up making money in retirement. Just look at Mindy who's killing it at Bigger Pockets
Have fun people: Our favorite thing about Carl and Mindy is just how much fun they have with life. Don't stress yourself out. Enjoy the ride.
Call to ActionThe call to action this week is in honor of our guests... DRINK A BEER!
Non-Alcoholic is just fine :)Join the Community
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Contact Carl and Mindy:
Via their 1500 DaysListen to Mindy at Bigger Pockets Money
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Learn More About Your Hosts:Fly to FI (Cody’s Blog)
Further episodes of The Financial Independence Show
Further podcasts by Cody of Fly to FI and Justin aka Saving Sherpa