I love MMM. I'm reading his blog, all the posts since 2011. He has inspired me to plan for my early retirement, hopefully by 50 instead of 67!

A lot of people found Mr. Money Mustache from Tim Ferriss…but I found Tim Ferriss from Mr. Money Mustache!

Seriously...this kind of content is the reason why I have an internet connection. It's really a joy to hear ideas that one has started to develop independently (frugal lifestyle) articulated so clearly and pushed so much further. I first read about MMM in Cal Newport's Digital Minimalism, I would recommend it!

Every time I listen to MMM I feel like I’m listening to the voice of reason... it’s an experience that acts as a balance to what is in front of me in my daily life...

Your car is a giant gas powered wheelchair. I love that

Agree 100% on voluntary hardship. I don't run the heat in winter...OK, I live in Phoenix so I'm not going to freeze. Turn the hot water heater way down so showers are at least a bit cold...or just cold water. Most people would consider these things insane, literary insane. This retiring early thing really has much less to do with assets. People start with "how do I get a pile of money" and when that pile is large they can flip a switch and "retire". But that's now how early retirement works. That's how gold watch retirement works. You can start the lifestyle long before not having to work 40 hours a week. Asset pile is related to 40 hour work week. Lifestyle is separate. And voluntary hardship is always the first step. You are not going to save any money without biting a bullet at first. As you progress you may notice you're happier even during the saving phase. That's where the happiness comes from, not the pile of assets.And the degree to which a person enjoys voluntary hardship will determine how big a pile of assets they need.The more you understand you like living with less the less you'll need.

a reporter ask Bob Marley Are you a rich man? Bob: What you mean rich, what ya mean? Reporter: Do you have a lot of possessions? Lot of money in the bank? Bob: Possession make you rich? I don’t have that type of richness. My richness is life, forever.

starts at 5:45

This interview changed my life.

I'll definitely have to check-out more of Mr. Money Mustache- his thoughts on early retirement and prioritization of quality of life resonates with thoughts I've been having as of late. -Nerdarchist Ryan

Glad to see these two combined, must listen!

I felt less alone and more inspired listening to this. Thanks!

1:11:09 "you're not supposed to optimize for money, you're supposed to optimize for happiness."

most of this talk lined up perfectly with my life. good pick thanks guys! wouldnt mind helping build a studio in the future either! 🎶 🎸

I'm pretty sure Pete did buy that building mentioned at the end. Based on his blogs now.

Tim Ferris thank you for the wonderfully crafted art you produce and give out for free, im blessed

best interview

Tim you're such an excellent interviewer! 👏

I grew up skating on the canal and eating Beaver Tails. haha, I remember lots of kids at school were afraid to eat them because they thought they were actual beaver's tails. I didn't expect to hear about that here!

Starts at 5:45

Mmm is needed now more then ever

I appreciate the content!

1:34:00 What would you do with money... Again very similar to Mr MM I was thinking of buying a commercial building in some middle America town on its last legs and opening a coffee shop. A place for people to gather. Really cheap prices even if I lost a little. No set hours. And I'd live above. Also similar I got stuck with 2 houses in the 2008 crash, had to be a landlord for a few years, deal with bad tenants. It is so strange to have such parallel experiences. This makes me wonder if there is a specific type of wiring that causes people go down this same path in the same way. Unlike Mr MM I've never shared my experience with others because I thought it would do harm, that they weren't wired the same. Most of my life most people would consider horrible. I also worried people would think I was bragging. When a kid I was told to never talk about money with others.

I like Mr Money Mustache’s or Pete’s FRUGALITY. It’s not just how to invest, pay yourself first, pay down debts and the usual advice. FIRST - spend as little as possible. Now - those are my parents’ values there. Gets called cheap and KANJUSS , yet it makes so much sense when you see every expense as extra time I have to work to pay for that junk.

crazy how i can think so similarly to someone, yet soooo differently at the same time.

His billboard should say “I retired at 30 and I didn’t join a cult and so can you”

How do you live off $25k a year?? I guess it depends where you live. That does not fly at all in NY or Miami. I do get it though removing a car or finding a more rural place to live and having just a car one could save a lot. I would love to see an analysis by desirable cities.

I have a varidesk and I LOVE IT!! I feel like a walking talking advertisement for it. I want all my friends and family to get one!

Ok, now I’m going to go spend $27K this year on Pique Tea and Athletic Greens...

Done ✔ 👍

What assumptions does Mr. Mustache make about health/healthcare? For example, if his annual expenses are $27k, how much of that is private health insurance for 3? Isn't it common for private health-care to run $10k+/year.. leaving $17k/yr for food/rent/utilities? Regarding how one could retire once they've reached 30x the amount they spend in one year.. does that include any 401k? Aren't you penalized if you use it under the normal retirement age?

Uhg, I ride bikes for freedom and fun as well as transportation. I'd loathe the day I feel like each mile I ride is for more income. Still a fan of MMM though!

Awesome!

Cool podcast.

If your personality is estj with a high IQ & a scientific background, you will probably be like Pete almost automatically. Pete's wife was a good earner & frugal.

2 advertisements to start the show.

Flaws in the bike example: > How long did it take you to buy a new bike > How much time did it cost getting to where you were going next on the bike? > How much did it help an opportunist criminal?

12:50 Mustache-ianism explained

Is 5 bullet Friday still being sent out??

48:04

So where do these people live??? In California a 1/1 apt is nearly $2800/mo. in a meh neighborhood. I guess if you want to live in the deep deep south maybe...

great recommendation in stock market genius book. Anyone interested in investing should check it out

He conveniently excluded that cults are always led by an extremely narcissistic leader😂😂. This guy’s ego kills me🤮. I do agree with much of his advice, but I’d rather read his stuff than see or hear him. The humble, “I’m so authentic”, but I call myself a guru is extremely cringy to watch and listen to.

You would need to make 100k(single). Or. 200k(married) for this to work.

WTF are these questions about beaver tails?

China consumes, but they also know how to save.

How come he doesn’t say....this is for people that make a combined or solo income of at least 100,000 so we can scroll away from this

i totally support MMM's values and lessons..the problem is his financial history and also his spending habits are misleading and he's absolutely the top quintile of USA. one example: he bought a brand new 1st gen NISSAN leaf. a car that is notorious for depreciating harder and faster than any other EV, thanks to its battery range dropping quickly because of lack of active thermal management. and yet he bought it. not leased it. not tested it. BOUGHT IT. Camaaaaaannn

Will they get government assistance when the boy starts eating them out of house and home ?