Tag: Personal Finance

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EP 17: Michael Langer: Hiking the Pacific Crest Trail

Today on episode 17 I want to give a very warm welcome to my guest Michael Langer, who along with his girlfriend Kenzie, walked away from lucrative engineering careers in Houston, Texas and moved into a van. Only months later, seemingly on a whim, they smashed the Pacific Crest Trail, hiking over 2,600 miles across California, Oregon, and Washington.

Today we will hear Michael’s perspective on this wild and unexpected journey, but it doesn’t end there. Next week stay tuned for an interview with Kenzie King, who shares her own unique perspective and motivations for their abrupt shift in lifestyle. After all, it takes a special couple to trade a solid paycheck for a heavy pack and mosquitos for five months.  

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EP 16: (Part 1) The Boring Guide to Successful Investing

This week on episode 16 I want to revisit a two-part series on the nuts and bolts of our very simple investing strategy. I wrote these posts early in the history of this website, back in late 2018. We felt an investing strategy needed to be simple and lasting, so you might be surprised to learn how boring it all seems. But in this case, boring is good.

And like a simple investing strategy should be, it really hasn’t changed much. However, once we achieved financial independence and left our traditional jobs, we have made some minor changes to our plan. And I’ll share those changes with you today.

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Wealth Inequality: Can We Solve This?

Believe it or not, most Americans are in better financial shape as a result of the pandemic. America has a cash glut. Is this the moment to shift the tides of wealth inequality?

Both the Trump and Biden administrations have pumped trillions of dollars into the economy via stimulus packages. Home values are exploding, a windfall for existing homeowners. The stock market has been absolutely crushing it, inflating the net worth of investors and widening the wealth inequality gap between investors and non-investors. Plus, with pandemic restrictions, we’ve simply been spending less.

Those that are home owners, stock market investors, and beneficiaries of the 2020 and 2021 stimulus checks have seen their income and net worth rise dramatically since 2019.

Who’da thunk it? And where do we go from here?

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Shades of Grey: How to Enjoy Life and Have Money

So many of us in the outdoor world choose a life and career path guided by a seemingly unavoidable fork in the road. Do we choose a safe path, paved with a steady paycheck and a retirement plan? Or do we cobble together whatever it takes to make it work, focusing on experience and patching the inevitable cracks as we go? Today we examine the completely accessible and exciting grey area between these two black and white choices. We can have money and still enjoy life.

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EP 10: Mark Anderson: The Seasons of Life

I’m very pleased to welcome back to Clipping Chains Mark Anderson, an elite-level climber, father, husband, training enthusiast, and now-former full-time engineer and manager. Mark and his family have recently achieved financial independence, allowing Mark to step away from his career and focus first on family, and perhaps surprisingly, climbing as a distant second priority.

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EP 7: Luke Mehall: The Dirtbag Dream is Not Enough

Today I’m happy to welcome climber, author, and founder of the Climbing Zine, Luke Mehall. Luke is the kind of climber I thought I would never reach with a platform focused on saving, investing, and financial wellness. Luke existed for many years as a self-proclaimed hand-to-mouth dirtbag. He lived on the road for months at a time, barely making ends meet. But as Luke puts it, “the dirtbag dream is not enough.”

At a low point in his life, Luke started publishing stories about the climbing life that didn’t have a home in the major publications. The Climbing Zine was born, which has now grown into a thriving business and paved a path for Luke’s personal and creative freedom. Now he’s turning his focus to expanding the business and facing all the real-life adult stuff so many of us will find familiar: buying a home, saving for the future, and generally evolving with the roller coaster ride that is the modern world.

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EP 5: Diana Crabtree Green: Pay Yourself First

Today I bring you a discussion with Diana Crabtree Green, a rock climber and now part-time Certified Public Accountant (CPA) with more than twenty years of experience in personal finance and tax.

Diana is another one of these climbers that I didn’t think existed in large numbers when I started this project three years ago: Diana and her husband could technically be retired in her 40s. But they both continue to work, at least part time. We’ll discuss why they’ve chosen this balanced approach.

Learn how outdoor enthusiasts are primed to get the ball rolling.

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How to Have Negative Health Insurance Costs

One of the chief concerns for those considering leaving a job is the prospect of health insurance costs. I’ve met many climbers who choose to not insure, and many other concerned corporate employees who are convinced that insurance in the private marketplace will cost tens of thousands of dollars per year. As of this month, I’m pleased to announce that we are officially getting paid to have health insurance.

No joke! Let’s examine the wild and crazy ride of our health insurance budgeting. Strap in.

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