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#133: Financial Independence Through the Strenuous Life With Mr. Money Mustache
The Art of Manliness
Go to Podcast Page
#133: Financial Independence Through the Strenuous Life With Mr. Money Mustache
The Art of Manliness
Go to Podcast Page
Mr. Money Mustache, Brett McKay
·
20 Clips
·
Aug 28, 2015
#133: Financial Independence Through the Strenuous Life With Mr. Money Mustache
The Art of Manliness
0 Clips
·
Aug 28, 2015
Top Moments
We are actually batshit crazy in this country, and a lot of other countries don't have the same consumption disease that we have. So, you can get a long way just by doing the opposite of what everybody else does because we're all doing it
wrong.
Tune Out Advertising That Encourages Consumption & Do the Opposite
How many people have cable TV? $100/month or more. That's an expense you can just wipe out today ... That's $1,200/year, compounds into $15,000 per decade by the time you invest that money
conservatively.
Ditching Cable TV Can Give You an Extra $15K Per Decade
What you need to do is figure out how much you're spending, and then you need 25-30 times that amount invested, and that will generate passive cash flow that you can live off, more or less, for the rest of your
life.
Money Needed to Retire = Annual Spending x 25-30
Some people think you win the game if you get the most luxuries and spend as much as your paycheck as you can without getting in trouble, whereas I always thought I won the game for keeping as much money as possible and accomplishing the most stuff
myself.
Mr. Money Mustache's Philosophy: Save Money & Do It Yourself
Just tune out of TV and advertising ... TV is designed for nothing but to make you want more
stuff.
Tune Out Advertising That Encourages Consumption & Do the Opposite
Accomplishing and learning is a much stronger source of happiness than any kind of big screen TV or nicer pair of golf shoes and stuff is going to provide
you.
Mr. Money Mustache's Philosophy: Save Money & Do It Yourself
You can live on 10% of your take-home pay if you really got badass about it. People do this. People live on $4,000/year in the
US.
Mr. Money Mustache Recommends Saving 50-75% of Take-Home Pay
Intros & Ads
Brett McKay Introduces Mr. Money Mustache
Clips
1
Aggressive Saving Helped Mr. Money Mustache Retire at 30
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2
Mr. Money Mustache's Philosophy: Save Money & Do It Yourself
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3
Tune Out Advertising That Encourages Consumption & Do the Opposite
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4
Mr. Money Mustache Gets More Joy from Producing Than Consuming
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5
Production Is the Backbone of America's Wealth
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6
Financial Independence Means Never Having to Work for Money Again
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7
Mr. Money Mustache Recommends Saving 50-75% of Take-Home Pay
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8
AD: Blue Nile
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9
Ditching Cable TV Can Give You an Extra $15K Per Decade
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10
Kids Aren't as Expensive as People Think; $300 Per Month Per Kid Is Doable
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11
How Mr. Money Mustache Instills Good Financial Habits in His Son
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12
Although Retired, Mr. Money Mustache & His Wife Have Side Jobs
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13
How Mr. Money Mustache Grew His Salary as a Software Engineer
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14
Money Needed to Retire = Annual Spending x 25-30
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15
Mr. Money Mustache Debates: Should You Pay Off Your Mortgage Early?
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16
The 1st Step to Financial Independence: Ditch the Car & Start Biking
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17
Connect With Mr. Money Mustache Online
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18
Pete & Brett Outro
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19
Brett McKay Outro
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Transcripts
View Full Episode Transcript
Clips
Brett McKay Introduces Mr. Money Mustache
Aggressive Saving Helped Mr. Money Mustache Retire at 30
Mr. Money Mustache's Philosophy: Save Money & Do It Yourself
Tune Out Advertising That Encourages Consumption & Do the Opposite
Mr. Money Mustache Gets More Joy from Producing Than Consuming
Production Is the Backbone of America's Wealth
Financial Independence Means Never Having to Work for Money Again
Mr. Money Mustache Recommends Saving 50-75% of Take-Home Pay
AD: Blue Nile
Ditching Cable TV Can Give You an Extra $15K Per Decade
Kids Aren't as Expensive as People Think; $300 Per Month Per Kid Is Doable
How Mr. Money Mustache Instills Good Financial Habits in His Son
Although Retired, Mr. Money Mustache & His Wife Have Side Jobs
How Mr. Money Mustache Grew His Salary as a Software Engineer
Money Needed to Retire = Annual Spending x 25-30
Mr. Money Mustache Debates: Should You Pay Off Your Mortgage Early?
The 1st Step to Financial Independence: Ditch the Car & Start Biking
Connect With Mr. Money Mustache Online
Pete & Brett Outro
Brett McKay Outro
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