Contrarian Takes on Money, Risk, and Retirement with Tyler Gardner

All the Hacks: Money, Points & Life

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 17 September 2025

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

#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 Partner Deals Trust & Will: Get 20% off personalized, legally binding estate plans LMNT: Free sample pack of my favorite electrolyte drink mix Mercury: Help your business grow with simplified finances Vuori: 20% off the most comfortable performance apparel I've ever worn Superhuman: Free month of the fastest and best email with code ALLTHEHACKS For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals 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: [email protected] 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 Connect with Chris Newsletter | Membership | X | Instagram | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We have all been told what to do with money, save more, invest early, and plan for retirement.
0:06.0	But what if those rules don't actually lead to the outcomes you want? As my guest, Tyler Gardner,
0:11.6	puts it, real wealth is not more money or more time. It's knowing what to do with either.
0:16.4	So in today's episode, we're going to break down Tyler's contrarian takes on some of the most
0:21.5	accepted ideas in personal finance, from emergency funds and the 4% rule to budgeting, financial
0:28.2	independence, and more. These aren't just hot takes for the sake of being different. They are
0:33.1	grounded in data, lived experience, and conversations with hundreds of people trying to make smarter
0:39.0	choices with their time and money. If you're looking for a fresh perspective that goes beyond the
0:44.0	usual financial advice, then you're going to love this one. I'm Chris Hutchins. If you enjoy this
0:48.5	episode and you want to keep upgrading your money, points, and life, click follow or subscribe.
0:54.4	Tyler, what do you think the true purpose of wealth is?
0:57.2	Oh, man, if we're going to start off right with the true purpose of anything, I will start
1:04.0	by saying that I think that one of the difficulties people have is that we've been brought up
1:09.8	in a culture where it's very easy to say, first,
1:13.4	the true purpose is just to get more wealth. That's one of the easiest things we tell people. It's
1:18.0	what we teach. It's what a capitalist society even endorses and condones along the way is just get
1:22.5	more money. Then, and we see this a lot with different writers, people challenge that sometimes and
1:27.1	say, well, the reason we want to get more wealth is in order to buy back our time.
1:31.4	I will say pretty bluntly that over the last year, I have found a way to buy back a lot of
1:37.4	my time and I have been potentially more let down than I've ever been in my life because
1:44.0	like the great American promise of
1:46.1	wealth was that I could buy my time and once I bought my time I'd be happy. So I've been thinking a lot
	...

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