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Meet Mr. Money Mustache, the man who retired at 30
141–150 of 252 posts
Re: Meet Mr. Money Mustache, the man who retired at 30
#142Earlier quoted context omitted.
> fucked some really beautiful girls I downvoted you for this crass sexist drivel that drags down the level of discourse.
If it was about guys, written by a female poster, would you have downvoted it too ? If it was about guys, written by a make poster, would you have downvoted it too ? Where exactly is the crass sexist drivel ? the "fuck" word ? Upvoted both you guys to compensate. Context is important. Here the poster only said he was intimate with members of the oppositive sex, who were attractive. Nonthing crass, just fact contribut…
The crassness is, I presume, in the fact that he even mentioned it. He might have used different verbs: met, spent time with, dated. I'm not sure _why_ that's impolite to speak of, but it certainly seems to be that way in most peoples' books.
Re: Meet Mr. Money Mustache, the man who retired at 30
#143Earlier quoted context omitted.
Nope, it doesn't. A single person can very easily live on $15kpa. Even in the Bay Area. I've been doing it for 3 years, in fact, at $12-$16kpa. It probably does mean having housemates and being careful about where you choose to live, but it's imminently doable.
As you're alluding, half the battle with knowing when it is "safe" to hop off the treadmill is having a very good idea of your expenses. About 10 years ago, I spent a year or so recording how I spent my money to the cent. I found that it delivered a lot of freedom, even if I didn't live frugally, since it allowed me to know exactly how much money I would need going forward, and plan accordingly. Since then. my life h…
Have you considered joining Mint, using plastic for your purchases, and considering cash as "already spent" expenses? (Stay out of debt, mind you -- use the cards as a way to ensure that it's accounted automatically.)
Re: Meet Mr. Money Mustache, the man who retired at 30
#144His advice is solid, but you have to consider how much of his personal success was due to being born at the right time: graduating with an engineering degree in the low-unemployment mid-90s (prior to globalization putting heavy pressure on wages), then buying a house (actually, several) before the debt-fueled housing bubble made shelter a massive % expense for everyone under 30 living with fewer than 3 roommates. And also being lucky enough to enter adulthood in a period of low taxes, oil & commodity prices, when companies were still willing to hire & train non-senior engineers. etc.
Given the current state of the world - it seems quite unlikely that the average 21 year old US SW engineer graduating today will be able to replicate his results (~$500k within 7 years).
Re: Meet Mr. Money Mustache, the man who retired at 30
#145Earlier quoted context omitted.
What about the risks of driving?
Driving the same route is safer.
Not when you die a heart attack. The increase in health from cycling outweighs the risk of death in the region of 50 to 1 ( see meta-study at http://www.ubcmj.com/pdf/ubcmj_3_2_2012_6-11.pdf)
Obviously, if you do plenty of exercise already, this may be more of a moot point, but if you are even slightly overweight or unfit, get on your bike.
Re: Meet Mr. Money Mustache, the man who retired at 30
#146I thought that harping on riding a bike was a bit disingenuous. I used to do do it daily, but after a close brush with death (got doored by a car stopped at a red light) I've come to think the risks are high enough that continuing it would be irresponsible for a family man.
Note that his family isn't dependent on his income or earning potential anymore, so it's not like he'd be leaving then destitute if he got killed. Purely financially, they'd be better off. That said, everyone has to choose their own acceptable level of risk. Edit: Plus you can argue that biking all over the place decreases his risk of dying of heart disease or similar later in life, which may balance out or outweigh…
You are correct, the evidence is that the health benefits outweigh the risk of death about 50 to 1 (see meta-study at http://www.ubcmj.com/pdf/ubcmj_3_2_2012_6-11.pdf).
Re: Meet Mr. Money Mustache, the man who retired at 30
#147Interesting how so many of the top comments thus far fall into a few categories: "He did this at a time when the market was going up"... therefore it's impossible and I don't need to try doing this and it's OK to just keep doing what I'm doing. "He could only do this by living in poverty "... which would totally suck, so I'm better off not doing this and just continuing the way I am. "He can only pull this off becaus…
As a counterexample, here is a list of things you should do before you turn 30: http://www.policymic.com/articles/7704/29-amazing-things-you...
While many of the examples are silly, I agree very much with all the advice to travel a lot. That takes money. Actually most of the things on that list go way beyond "live cheaply", and I agree with that.
Anyway, as my economics professor said in college. There are those people who plan out how much they must save for an early retirement, and there are those who live.
Re: Meet Mr. Money Mustache, the man who retired at 30
#148Somehow this has made me realize the big lifestyle gap between me and everyone I know versus the people writing what I read around here.
Me and virtually everyone I know live that way, but instead of retired at 30 we are hustling and struggling at 30. Sure, hipsters on food coupons, you can laugh all you want, but no future all the same. Wish we could be on that path, but it's too late, we made the wrong decisions, we are forced to thrift like everyone else now.
Re: Meet Mr. Money Mustache, the man who retired at 30
#149Earlier quoted context omitted.
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…
> fucked some really beautiful girls I downvoted you for this crass sexist drivel that drags down the level of discourse.
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Also it sounds like he leads a pretty lonely life IMO, and he sounds like he has some ego issues. If he is truly happy though, fair play, but I don't really believe that is the case...
Re: Meet Mr. Money Mustache, the man who retired at 30
#150Earlier quoted context omitted.
Good posts. But for the other side, read these posts: http://www.mrmoneymustache.com/2012/07/27/youll-never-be-nor... http://www.mrmoneymustache.com/2012/07/22/protecting-your-mo... It seems as if the lifestyle has colored their ability to enjoy things like going out for ice cream, or dinner with friends.
I can see where you're coming from - but I think they would say they don't need to be spending money to enjoy the company of their friends or family. The end goal should be to spend quality time with people you care about, and unfortunately in our culture, that almost always revolves around spending lots of money and doing wasteful things. They acknowledge that they don't mind going out and spending money once in a w…
This happened to me back in California where my 'friends' would stop inviting me out or contacting me because I am frugal and they're not. Even somewhat new (to the country) immigrant friends adopted this behavior.
Then I moved to Brazil where there's plenty of cheap or free things to do and I went from going out almost never to going out up to 4x per week. Now I'm living in Portugal and, strangely, it's the same as Brazil. Plenty of ways to go out and spend $15 or under. On the flip side, of course, there are plenty of ways to spend way more per night out.