The Military Guide – Angel Investing, Market Crashes, & 14 Years of Early Retirement
Financial Independence Podcast
The Mad Fientist
4.8 • 1.7K Ratings
🗓️ 30 September 2016
⏱️ 59 minutes
🧾️ Download transcript
Summary
Today on the Financial Independence Podcast, Doug Nordman (a.k.a. Nords) from The Military Guide joins me to talk about how he achieved financial independence at the age of 41 by serving in the military!
Doug retired way back in 2002 so we dive into how he dealt with the market crashes that occurred at various stages on his path to financial independence, what 14 years of retirement has been like, and how he’s found meaning outside of work.
I know many of you enjoyed Doug’s wisdom and insights on the previous episode so check out today’s episode for his full story!
Highlights:
- Thoughts on over 14 years of early retirement
- Details of his investing strategy and how it’s changed over the years
- Mistakes he made and lessons learned
- How to deal with market crashes when you’re still working, about to retire, and already retired
- What it’s like to live and work on a submarine
- Difference between pursuing FI as a military service member vs. a civilian
- What angel investing can teach you about investing and why it may be the best way to give away your money
Transcript
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| 0:00.0 | I'm blind to give you a true finance. |
| 0:05.0 | Hey, welcome everybody to the Mad Finestist Financial Independence Podcast, a podcast where |
| 0:10.0 | I get inside the brains of some of the best and brightest in the personal finance space to find out how they achieved financial independence. |
| 0:15.0 | Before I introduce my guest today, I want to thank everyone for all the feedback that I've |
| 0:18.0 | gotten on the travel card tool that I created. |
| 0:21.4 | And if you're not aware of the tool that I built it's a credit card |
| 0:25.2 | search tool for travel hackers I just realized that there was no good way to find |
| 0:30.5 | the best sign-up bonuses for travel credit cards because that whole world is just completely |
| 0:35.6 | complicated with lots of different flexible points that transfer to programs at different ratios |
| 0:40.8 | and it's just a it's a nightmare to keep up with so I've decided to use my |
| 0:44.3 | programming skills to create a web application to do it so you can just click |
| 0:49.4 | the airline and hotel programs that are most valuable to you and then it'll show you the sign-up |
| 0:55.0 | bonuses that are most lucrative. |
| 0:56.8 | So if you haven't checked it out yet, definitely go to cards.madfiantist.com. |
| 1:01.6 | Now that I've stopped working I plan to build out some more travel hacking tools and improve the travel credit card tools. |
| 1:10.0 | I'd love to get any feedback that you have so just send me an email at |
| 1:13.6 | F.I at madfiantist.com if you have any and thanks to everyone that's already |
| 1:17.8 | shared their feedback because it's been very helpful and I've already |
| 1:20.7 | implemented some of your suggestions so on today's show I'm excited to bring back Doug Nordman, aka Nord's from the Military |
| 1:27.0 | Guide.com. |
| 1:28.0 | You'll recall, Doug took part in the panel discussion at camp mustache that I recently released and I wanted to get him back on the show to talk about his story more in depth and to find out how it's been being retired for the last 14 years. |
| 1:41.0 | Doug retired when he was 41 and he's been retired ever since and I just wanted to get his |
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