QA8: What If We Run Out of Water?

We’re back to the digital mailbag to answer your questions!

For this week:

  • Thoughts on the bear market
  • Getting invested with a Health Savings Account
  • Paying for education with retirement accounts
  • My philosophy on rest from climbing
  • How to develop financial mentorship in the climbing community
  • Travel and rescue insurance ideas
  • Determining a cost-effective approach to climbing destinations
  • Should I open an IRA if my employer doesn’t offer a 401(k) match?
  • How to not get wrecked moving from sport climbing or bouldering to trad climbing
  • The risks of owning property in an area that could be running out of water
  • Getting a home loan with inconsistent income history
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Earning to Buy Time with Meghan and Jeff (A Way to FI)

Today’s guests on episode 44 are Meghan and Jeff, two Colorado climbers who are at very different positions on the spectrum of financial independence. Jeff achieved financial independence along with his wife, Rose, over four years ago. Meghan, along with her husband, were inspired to get serious about their personal finances after meeting and learning from Jeff and Rose. Jeff and Meghan now write about their experiences and learnings at awaytofi.com.

Today we discuss their different origin stories, long-term goals, and shed some light on the fraught balance between work, money, family, and the seemingly elusive control of our time.

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Chris Weidner: Something More To The Story

Today on episode 43 I’m happy to have Chris Weidner, a long-time Colorado Front Range local, writer, husband, and father. This conversation is special to me for unexpected reasons. I hoped to interview Chris about his career as a writer, but what emerged was something far more interesting, and admittedly, brave on Chris’s part as it relates to career and finances. Chris is shockingly frank in many aspects of this conversation in ways I couldn’t have imagined. I really thank him for that, and I hope you will enjoy this truly fascinating discussion about his life, climbing, family, and career.

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Ashley Green: How to Create Enjoyable Business Success at Age 27

Today on episode 42 I’m very pleased to host this enjoyable conversation with entrepreneur and climber Ashley Green of Climb On Equipment, a climbing specialty retailer in Squamish, BC.

Today we discuss how Ashley, at age 27 and with hardly a loonie to her name, came to own this business and turn it in to the thriving pillar of the community that it is today. We dive deep into the mechanics of funding this endeavor, maintaining a work/life balance of a serious climber and prospective mother, expanding and building a team, and the value of capitalizing on the serendipity that befalls us all. Finally, we touch on some of the specific town dynamics of Squamish in particular, a place like no other I’ve ever been.

This is the story of a young person getting two struggling businesses, taking risk, and building something amazing on the path toward financial independence.

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Back (Pain) in the Saddle Again

I’ve been slack on writing, which is generally a reliable indicator of an overly stressed life. That busyness came to a screeching halt early last week. Five minutes before my partner—let’s call him Bob—arrived to pick me up for the new-school classic Spirit of Squamish (5.8, 8 pitches), everything changed. At the strike of 6am, just as the sun began to crest over the lush coastal mountains, I bent over to pick up a 1-pound water bottle and felt a lightning bolt of pain in my lower spine. I knew in that moment that I was hosed, but it felt too late to bail. Plus, I often find relief from (mild) back pain when climbing…or so I thought.

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QA7: Financial Freedom Fast-Tracks and Climbing Plateau Busters

We’re back to the digital mailbag to answer your questions!

For this week:

  • Does the 401(k) max include employer contributions?
  • Should I invest in my 401(k) or pay down my mortgage early?
  • What about Fidelity’s zero expense ratio fund, VZROX?
  • Investing tips for a Health Savings Account
  • Do you write off business expenses for Clipping Chains?
  • How and when do you pay yourself from investments?
  • Winter climbing in St. George, Utah
  • Big life expenses and expectations when pursuing financial independence: children, weddings, etc.
  • Mandatory pension contributions vs DIY investing
  • Front-loading savings without going for full financial independence (Coast FI)
  • Climbing plateau busters
Continue reading “QA7: Financial Freedom Fast-Tracks and Climbing Plateau Busters”

Peter Beal: Can You Afford to Be Sponsored?

Today on episode 39 I’m pleased to welcome long-time climber and Front Range local Peter Beal. Peter, at age 58, has been climbing for over 45 years, with notable achievements including multiple 5.14 first ascents and bagging V12 in his late forties!  But Peter is also known for his critical takes on the culture of outdoor life. Today we discuss some of the realities of meaningful work, family life, and the potential opportunity costs of a life of adventure.

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Your Questions Answered: Volume 6

Hello! We’re back in the digital mailbag to answer your questions.

In this Q&A episode we take a hard look at inflation, the reality of a bear market, tactics for balancing a career and climbing, saving for a home down payment, my dream interviews, the pros and cons of maxing out retirement plans, cryptocurrency, financial advisors, and traveling the world for cheap. And of course, so much more.

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Mettle, By Steve Bechtel: A Book Review

I’ve recently finished reading the latest book from Steve Bechtel, Mettle: Lessons from the Gym and Crag in the Pursuit of Better Climbing. Drawing on over 20 years of blog and newsletter content from specific training protocols to invaluable life lessons, Bechtel’s latest book is an introspective examination of key foundational principles to athletic and personal improvement. Mettle walks a fine line between memoir and training guide, providing actionable content while reminding the reader why this action is essential for our physical and emotional longevity as athletes and humans.   

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Eric Horst: A Climber and Creator for Life

Today on episode 34 I’m excited to have climber, author, coach, and business owner Eric Horst. Many of you are aware of Eric’s multifaceted influence on climbing, notably performance rock climbing. He is a pioneering figure in the world of climbing training and the author of the international bestselling (and well-named) book, Training for Climbing.

But this guy gets a lot done. In 2020, Eric retired at age 56 as director of Millersville University’s Weather Information Center near his hometown of Lancaster, PA. But he didn’t really retire.

Eric is now properly embracing his love of climbing, leaning into his new business, PhysiVantage, a supplement company for performance climbers.

In this wide-ranging interview we tackle Eric’s recent climbing ambitions since retirement, how he has built a company from scratch, and perhaps most importantly, some key systems Eric uses to maintain his high workload while still enjoying the sport and the family he loves.

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