Earn & Invest Podcast Appearance – Panama Update

Earn & Invest Podcast Appearance – Panama Update

One of my favorite podcasts is the Earn & Invest podcast with Doc G (formerly the What’s Up Next? podcast).

I’ve known Doc for a handful of years now. We met at FinCon years ago and I’ve been on his show on a couple of times since then. The first time I was on a panel to discuss the topic of whether passive income can really be passive. The second appearance was with my wife, Lisa, along with Amon and Christina (from Our Rich Journey) as we talked about geoarbitrage.

When Doc heard about our trip back from Panama recently, he hit me up and asked if I could come on the Earn & Invest podcast again to talk about our journey in more detail. After all, there aren’t a ton of people traveling right now, much less internationally on a humanitarian flight.

It was just a short segment and I was more than happy to oblige.

We talked a lot about how we got to this position and how we made the decision to come back. We hit on the grueling travel details coming back to the U.S. And probably most importantly, we discussed our plans on the future… will we ever get back to Panama?

The first segment of the Earn & Invest episode is an appearance from the famous, Pete Adeney aka Mr. Money Mustache. He’s probably one of the most well-known FIRE (financial independence / retire early) bloggers out there and he never disappoints. In this episode, Pete talks about a tweet of his that sparked some controversy in the personal finance community.

So one way to look at this is to say that Pete’s the star and Doc just needed some time to fill on the Earn & Invest episode… which is really 100% true.

However, I prefer to think of it like I’m the headliner and Mr. Money Mustache is my opening act! It’s all about perception, right?! 😉

Regardless of how you want to look at it, it was fun as always to be a part of the show and I hope you’ll check it out. Through the power of technology, you can listen to it right here:

I come in around the 41:42 mark. You can also find it on your favorite podcast player or head over to the episode page on the Earn & Invest website:

https://diversefi.com/2020/07/13/123-when-a-tweet-sparks-controversy/

I hope you enjoy it! Feel free to share your thoughts or questions below.

Thanks for reading and listening!

— Jim

8 thoughts on “Earn & Invest Podcast Appearance – Panama Update”

  1. MMM will be fighting back the controversy for that one for a while…

    Glad to hear you guys are doing OK back in the states. Hopefully, you guys can make it back out to Panama at some point! Would love to hear more about Boquete.

  2. Hi Jim, I’m a new reader to your blog. Actually discovered you through the podcast ‘Earn & Invest’. Listened to your recent story of traveling back from Panama, thank you for sharing. I follow several families that retired abroad and/or moved abroad. Even though it made more sense to stay in Panama I think its best you did what your wife wanted. Happy wife –> happy life. I’m sure she’s learning too through this experience of traveling back to the states. Practically everyone around the globe (yes more so in the U.S.) is in this sad state of affairs… being cooped up, kids crawling the walls, families being apart (whether they live in the same town or half a world away). It just plain sucks. All anyone can do is go with the flow and make the best of it. This too shall pass. I look forward to reading more of your blog. My best to you and your family.

  3. Hi Jim, one more thing… regarding your previous post asking if the mental health of anyone else felt out of whack. Answer – Yes, a resounding yes. Though I’m still working (from home) I plan to RE next April 2021. So on top of this crazy virus, I’m kind of unsettled about the change next April. I’m not sleeping well (I think that’s mostly from work, because I worry about work related stuff – way too much), I’m anxious too. My problem is that we do have plenty of money, but I’m not invested. My hope was to be invested and bringing in income from the investments by the time I left my job. I’ve been timing the market now for years (yeah – I know, that’s horrible.. I’m sure everyone reading this is aghast), I was already to go all in this past March, but I thought it was going to drop more than it did. I missed it. Yup.. then I watched the market march back up without investing. Ok, yes I know this is another reason I’m not sleeping well because I keep dwelling on that. So, yeah… my mental health is definitely out of whack. I’m trying to go with the flow. But it’s good to read what others have to share and know we are all in this together. Best!

    1. Haha, the words “market timing” will probably light the personal finance community on fire! 😉 Sorry to hear about your anxiety as you get closer to early retirement. If it’s any consolation, I wasn’t sleeping well as I started to get closer to leaving work as well. Because it’s not the norm to do, there’s a layer of “I know I’m doing this right… but am I doing this right?”

      Hang tight and you’ll get there. Now you just need to get that money of yours invested… maybe do dollar-cost averaging from now until your retirement? I believe studies show you’re generally better off just throwing it all in at once, but dollar-cost averaging can help with the psychology should the market fluctuate right after you put money in. Best of luck with whatever you do!

    2. @John: I am in a similar situation to you with retiring early and needing to invest money, except 1) my consulting position was eliminated during the pandemic, so I fell into early retirement a little earlier than intended, and 2) my 401K and Roth IRA accounts are fully invested, but I have a few traditional IRAs and a considerable balance in my after tax accounts that are not invested The combination of not working and the pandemic gave me lots of time to focus on financial planning and addressing my investment situation. I was too afraid to go all-in and invest everything at once, given my expectation that further market declines are imminent, so as Jim mentioned, I have implemented a plan to dollar cost average more money into the market, by investing the same amount monthly (same day each month for each account). This approach will result in my being fully invested within 18 – 24 months. In addition, I am planning to accelerate my stock investing when there are deep major market drops, following a strategy for bear market investing that I read about on several blogs including the MadFientist and TheRetirementManifesto. The MadFientist has a free downloadable spreadsheet that includes a “bear market buying” tab in the spreadsheet that can be used for calculations.

  4. @Jim and @JN Thanks for the recommendation of dollar cost investing. I actually bought some investments over the last week. Dipped my feet in the water. Goal is to be a lot more invested by end of next April, hopefully hit a couple market drops in between. Knocking on wood. I’ll check out the spreadsheet ‘bear market buying’, sounds very helpful – thank you for mentioning! Best to you both.

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