Wednesday, May 29, 2013

Mr. Money Mustache review

After seeing a column about the Mr. Money Mustache site and its founder in the Washington Post, I've been reading through some of the posts on the site.

He's basically a guy who decided he wanted to retire at 30, then went out and did the damn thing. He and his wife saved the majority of their take-home pay, lived cheaply on what remained, and didn't get into debt. Presto, retirement at 30.


-The rhetoric can be a little overheated. Here's a sample line: "After years of careful study, observations, and interviews with real car drivers, I have come to the conclusion that about 90% of the car use that occurs in the United States is Pure Bullshit." This might put me off if he didn't have something important to say

-The advice is generally good, based around the principle that you should avoid credit, save more than you spend, and invest in the stock market via low-fee index funds

-It's a little easier to retire at 30 when you're making 100k a year at a software job in your 20s, but I think the writer would counter that he's pushing a philosophy more than encouraging you to exactly replicate his example

-Box wine is a steal!

-It makes me want to save more and try to retire by 40 if I can (too late to try for 30)

-The site encourages an anti-consumerism mindset, which can't be a bad thing if it catches on. It encourages readers to be conscious of the financial choices they make and remember that habits can be costly.

Rough edges aside, the man has something to say. Is anyone listening?

1 comment:

  1. Yes! Having just "retired" to write fiction full time (at 60, not at 40), I have reluctantly concluded that sliding doors for the new kitchen will be just fine. If we can save $1000 by not getting swing-out French doors, it's a worthwhile move! Plus other anti-consumerism measures, of course. ;^)