21–30 of 252 posts
Earlier quoted context omitted.
25k/3 people is like a welfare amount of money to live on.
True, but I'd say %99.99.. of those on welfare don't own their own house.
I wish they asked about health care costs. For a family of three with no corporate job in sight, those have got to eat up a large chunk of the $25k.
25k/3 people is like a welfare amount of money to live on.
Not to mention that you need to somehow figure out how to rent an apartment for three in SF for less then $300 a month.
Interesting article, and it would do well for most people to consider increasing wealth through investments. From the article: Our bread-and-butter living expenses are paid for by a single rental house we own, which generates about $25,000 per year after expenses. One nit, perhaps, on that - is the rental house completely managed by someone else? If not, I assume there is at least some minimal amount of work associat…
Lets be fair, I'm 28 y/o, and fairly rich, I love to work, and I live to work, and maybe it's the only thing I may do ever in my life. I could sell all of my bussiness, I could lease the buildings, and retire. But doing nothing is the hardest work I've ever do. I took a sabatic year after I graduated from college, traveled around the world, fucked some really beautiful girls, and after livining a dream-life, my life…
I think he probably does more than play golf and do nothing
Earlier quoted context omitted.
He does have a blog. http://www.mrmoneymustache.com/2012/11/01/our-new-237-per-mo... http://www.mrmoneymustache.com/2011/09/21/i-can-never-retire...
Obviously everyone's health situation differs, but my health insurance experiences have been similar to MMM's. For an 'average' person/family, health insurance shouldn't be breaking the bank (e.g. $200-300 per month). I've heard of some realistic pre-existing health conditions that required $600+/month for specialty meds, but if that $7000+ per year is enough to make the difference in your 'retirement', it wouldn't b…
I wish they asked about health care costs. For a family of three with no corporate job in sight, those have got to eat up a large chunk of the $25k.
Earlier quoted context omitted.
He does have a blog. http://www.mrmoneymustache.com/2012/11/01/our-new-237-per-mo... http://www.mrmoneymustache.com/2011/09/21/i-can-never-retire...
Obviously everyone's health situation differs, but my health insurance experiences have been similar to MMM's. For an 'average' person/family, health insurance shouldn't be breaking the bank (e.g. $200-300 per month). I've heard of some realistic pre-existing health conditions that required $600+/month for specialty meds, but if that $7000+ per year is enough to make the difference in your 'retirement', it wouldn't b…
Expensive. No way around it.
I wish they asked about health care costs. For a family of three with no corporate job in sight, those have got to eat up a large chunk of the $25k.
25k/3 people is like a welfare amount of money to live on.
Earlier quoted context omitted.
He does have a blog. http://www.mrmoneymustache.com/2012/11/01/our-new-237-per-mo... http://www.mrmoneymustache.com/2011/09/21/i-can-never-retire...
Obviously everyone's health situation differs, but my health insurance experiences have been similar to MMM's. For an 'average' person/family, health insurance shouldn't be breaking the bank (e.g. $200-300 per month). I've heard of some realistic pre-existing health conditions that required $600+/month for specialty meds, but if that $7000+ per year is enough to make the difference in your 'retirement', it wouldn't b…
Let's play dueling anecdotes.
$300 a month was right around the cost of my COBRA premium for a group plan covering myself only, circa 2006.
$150 a month was what I paid as for an individual plan in my mid 20s circa 1998, and that was for a plan with relatively spare coverage and high deductibles. Perfectly healthy (arguably above average), living in a community that was also arguably above national averages for health statistics and below national average living costs.
I'm very skeptical of the truth of any claim that one could cover a family at $300 a month. Especially in 2013.
Heck, I'm somewhat skeptical that there are people out there nowadays who've been able to buy reasonable coverage on the individual market at all. I know people who don't have to worry much about money but who've still found it a hassle to get insured.
Earlier quoted context omitted.
Obviously everyone's health situation differs, but my health insurance experiences have been similar to MMM's. For an 'average' person/family, health insurance shouldn't be breaking the bank (e.g. $200-300 per month). I've heard of some realistic pre-existing health conditions that required $600+/month for specialty meds, but if that $7000+ per year is enough to make the difference in your 'retirement', it wouldn't b…
A modest HMO that covers a family cannot be had for less than $1k/month sticker price. If you don't want co-insurance it's at least $1200. At least in Massachusetts. Family of 3, no pre-existings. Good plans with a $25 co-pay on popular corporate providers (tufts/Harvard pilgrim) are nearly $1500/month, blue cross is close to $1800. Expensive. No way around it.