#246: Today we explore contrarian takes on budgeting, the 4% rule, retirement planning, and the risks of blindly investing in bonds. We also cover strategies for investing, spending, and rethinking how to use money with purpose.

Tyler Gardner is a personal finance creator, educator, and former portfolio manager who’s built a following by challenging conventional money wisdom. He's also the host of Your Money Guide on the Side.

Link to Full Show Notes: https://chrishutchins.com/rethinking-personal-finance-tyler-gardner

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Resources Mentioned

Tyler: Podcast | Instagram | TikTok

• Should I Invest in Bonds?

Bill Perkins: Die With Zero: Getting All You Can from Your Money and Your Life

ATH Podcast

• Ep #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins
• Leave a review: Apple Podcasts | Spotify
• Email for questions, hacks, deals, and feedback: podcast@chrishutchins.com

Full Show Notes

(00:00) Introduction

(00:54) The True Purpose of Wealth

(04:18) Do We Really Need an Emergency Fund?

(07:22) Where to Keep Your Money During Uncertainty

(14:45) Quick History Behind the 4% Rule

(18:18) Modifying the 4% Rule for Retirement

(22:30) The Flaws of the 4% Rule

(25:51) How People in Iceland Approach Careers

(27:11) Why You Should Learn to Occupy Time with Your Passion

(31:48) Pursuing a Portfolio Career

(35:20) The Importance of Having "Financial Neighbors"

(38:55) Tyler's One Piece of Advice to Everyone

(42:29) The Problem of Inheriting Money Scripts

(45:35) Ways to Overcome Frugality

(49:57) Tyler's View on Budgeting

(54:28) How to Think About Taking Risks

(57:38) Monte Carlo Scenarios

(01:02:26) The Coast FIRE Movement

(01:04:41) Why Tyler Doesn't Like Bonds

(01:06:54) The Core-Satellite Approach for Investing

(01:12:38) Important Investing Lessons

(01:13:56) Where to Find Tyler

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