Author Topic: Meet Mr Money Mustache who retired at the age 30  (Read 25915 times)

shalab

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Meet Mr Money Mustache who retired at the age 30
« on: May 27, 2013, 02:28:37 PM »
Pretty interesting blog by Mr Money Mustache who lives in Colorado an retired at age 30 and has a family as well.

http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/




Packer16

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Re: Meet Mr Money Mustache who retired at the age 30
« Reply #1 on: May 27, 2013, 03:53:15 PM »
This guy is great.  He has gotten the spending side down to a science.

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Liberty

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Re: Meet Mr Money Mustache who retired at the age 30
« Reply #2 on: May 27, 2013, 05:02:21 PM »
The 1990s version of this is the Tightwad Gazette, a newsletter that was compiled into a book (looks like a phonebook). Basically the bible of frugal living. Some parts are a bit dated, but it's very readable, and it does help reinforce the right mindset to get expenses down if that's what you want/need to do.

http://www.amazon.ca/Complete-Tightwad-Gazette-Amy-Dacyczyn/dp/0375752250/

Also, the original "here's how to retire young with minimal expenses" book that inspired many:

http://www.amazon.ca/Your-Money-Life-Transforming-Relationship/dp/0143115766/
« Last Edit: May 27, 2013, 05:05:49 PM by Liberty »
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stahleyp

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Paul

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nodnub

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Re: Meet Mr Money Mustache who retired at the age 30
« Reply #5 on: February 22, 2016, 12:18:51 PM »
Profile of MMM in the New Yorker:

http://www.newyorker.com/magazine/2016/02/29/mr-money-mustache-the-frugal-guru

This NewYorker piece provides interesting perspective on the guy. I understand his thought process around frugality and it resonates with me.  I was like that when I was younger. But to me the point of money is to trade it in for life enjoyment. To me frugality is a means to an end.... the article says he makes $400K a year from his blog now and yet he doesn't seem willing to make any changes or compromises in any way. That personality seems a bit on the obsessive side.  If his wife is completely aligned with those beliefs and practices, then great!  Otherwise seems like it wouldn't be much fun to share a house with him.  Maybe it is partly for show now to maintain the personality cult that has developed around him from the blog.

Picasso

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Re: Meet Mr Money Mustache who retired at the age 30
« Reply #6 on: February 22, 2016, 12:52:37 PM »
Profile of MMM in the New Yorker:

http://www.newyorker.com/magazine/2016/02/29/mr-money-mustache-the-frugal-guru

This NewYorker piece provides interesting perspective on the guy. I understand his thought process around frugality and it resonates with me.  I was like that when I was younger. But to me the point of money is to trade it in for life enjoyment. To me frugality is a means to an end.... the article says he makes $400K a year from his blog now and yet he doesn't seem willing to make any changes or compromises in any way. That personality seems a bit on the obsessive side.  If his wife is completely aligned with those beliefs and practices, then great!  Otherwise seems like it wouldn't be much fun to share a house with him.  Maybe it is partly for show now to maintain the personality cult that has developed around him from the blog.

+1.

He just strikes me as annoying at this point.

undervalued

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Re: Meet Mr Money Mustache who retired at the age 30
« Reply #7 on: February 22, 2016, 12:56:37 PM »
Profile of MMM in the New Yorker:

http://www.newyorker.com/magazine/2016/02/29/mr-money-mustache-the-frugal-guru

This NewYorker piece provides interesting perspective on the guy. I understand his thought process around frugality and it resonates with me.  I was like that when I was younger. But to me the point of money is to trade it in for life enjoyment. To me frugality is a means to an end.... the article says he makes $400K a year from his blog now and yet he doesn't seem willing to make any changes or compromises in any way. That personality seems a bit on the obsessive side.  If his wife is completely aligned with those beliefs and practices, then great!  Otherwise seems like it wouldn't be much fun to share a house with him.  Maybe it is partly for show now to maintain the personality cult that has developed around him from the blog.

+1.

He just strikes me as annoying at this point.

His wife said: “Your relentless optimizations are a drain on my life energy.”
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. - Will Rogers

Liberty

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Re: Meet Mr Money Mustache who retired at the age 30
« Reply #8 on: February 22, 2016, 01:07:36 PM »
Profile of MMM in the New Yorker:

http://www.newyorker.com/magazine/2016/02/29/mr-money-mustache-the-frugal-guru

This NewYorker piece provides interesting perspective on the guy. I understand his thought process around frugality and it resonates with me.  I was like that when I was younger. But to me the point of money is to trade it in for life enjoyment. To me frugality is a means to an end.... the article says he makes $400K a year from his blog now and yet he doesn't seem willing to make any changes or compromises in any way. That personality seems a bit on the obsessive side.  If his wife is completely aligned with those beliefs and practices, then great!  Otherwise seems like it wouldn't be much fun to share a house with him.  Maybe it is partly for show now to maintain the personality cult that has developed around him from the blog.

If you read his stuff, you'll find out that he does exactly what he wants to do (works only on what interests him, takes vacations and travels for as long as he wants, designed his own house to his specifications, spends tons of time with his kid, has lots of time to socialize with his friends, etc). He doesn't feel like spending more would make him happier, so he doesn't. I think the idea of donating that money to charity probably makes him happier than spending it, kind of like Buffett in miniature.

If you optimize for happiness and freedom, then spending more isn't necessarily a way to get there. For some people, maybe, but not everyone. For many, spending more means less freedom and more stress, not more happiness.
« Last Edit: February 22, 2016, 01:23:35 PM by Liberty »
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Liberty

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Re: Meet Mr Money Mustache who retired at the age 30
« Reply #9 on: February 22, 2016, 01:08:40 PM »


His wife said: “Your relentless optimizations are a drain on my life energy.”

Actually, that's just something he imagined.

Here's the full sentence:

Quote
He imagines that his wife’s inner voice whispers, “Your relentless optimizations are a drain on my life energy.”

His wife seems pretty on board. She has written posts on the blog, actually, and did the same thing he did to retire early from the start.
« Last Edit: February 22, 2016, 01:14:53 PM by Liberty »
"Most haystacks don't even have a needle." |  I'm on Twitter  | Interesting podcast on aging research