Contrarian Takes on Money, Risk, and Retirement with Tyler Gardner
#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.
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Resources Mentioned
Tyler: Podcast | Instagram | TikTok
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
Connect with Chris
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