Jan 28, 2019
“They sure grow up fast, don’t they?” “The older you get, the faster time flies.” “You can’t slow down time, so treasure your days because they’ll be gone before you know it.” We’ve all heard these thoughts, often from the parents of grown children. If you’re part of the older and wiser population, you may…
“Dear Mr. Money Mustache… I’d like to retire soon. I’ve had a good career and the numbers say I’m just over the threshold, but I’m still afraid. It would help if I had a solid plan for what to do after retirement – perhaps even make some money eventually. Because I think it would help…
One day last week, the icy grip of a winter storm broke and the skies of Colorado returned to their normal state of deep blue with bright sunshine. So I decided to head out for a hike on the warm red rock trails just outside of Boulder. Taking a break on a big rock at…
About two years ago, I switched from taking my personal car to the airport, to hailing Ubers and Lyfts. The math of it was pretty simple: Uber was cheaper than paying for my driving and parking*. And that was before the considerable joy and time savings of not having to park in the airport lot…
Well, despite Mr. Money Mustache’s outrageous optimism, I think we all saw this coming. I opened up my premium renewal email from Kaiser and saw this: My family’s monthly health insurance premium, which had already more than doubled in the last few years to $674 per month, was going up a further 44% for the…
By this point you probably know all you ever wanted to know, and more, about Mr. Money Mustache’s long-ago path to early retirement. But my story is only one of an infinite number of possibilities, which means it is valuable to look around at how other people are doing it. Because of that, I’ve been…
In this extremely wealthy country of ours, the chief barrier to wealth is often the information, or misinformation that gets stuck inside our own heads. People with the right knowledge can develop the right habits, and these habits lead them to accumulate wealth very quickly. Meanwhile, the majority of people pick up incorrect financial ideas and…
You know what I have come to realize is almost always ridiculous? Contracts. Contracts, paperwork, and bureaucracy. Guarantees, warranties, and excessive caution in an attempt to ensure a trouble-free future. Not all of it is bullshit, but the older I get, the more I realize that a surprising portion of it is. I mean sure,…
For the past two years or so I’ve been keeping a secret from you, and I think today it is finally time to spill the beans. The secret is that my wife is no longer really retired, and in fact she started a business that is now big enough to fund our entire family’s lifestyle.…
This year, I’ve been spending a lot more time at the local elementary school, as our boy has rejoined his friends in fifth grade after two years of homeschooling. Through the daily bike rides to and from school, and my weekly gig as a volunteer math/engineering teacher for a small group of boisterous advanced learners, I…
Before we begin, I should probably admit that the Mustache family absolutely did not need a new car. Or even a new used car. In fact, we didn’t even need the two older used cars that we have been keeping around for the last five years, because our local life has blossomed so nicely in this small…
It has been a quiet year here at Mr. Money Mustache, and for good reason. It seems like a lifetime since my life has been normal. Even as I write this, I’m thousands of miles from home in Northern British Columbia, closer to the Arctic Circle than I am to the sunny, peaceful bike and beertopia…
As I wrote that last article on making sure your life isn’t too busy, a nagging thought kept coming up in my mind. It went something like this: “Sure, Mustache – you’ve found great value in simplifying your own life. But you’re kind of known for being the Anti-Commitment guy. You get uneasy if somebody tries…
If you’re going to become rich, you need to either earn way more money than you spend, or spend way less money than you earn. This is the basic math of it, which even the worst complainypants cannot dispute. The whining usually starts when Mr. Money Mustache starts talking about how to implement the ideas above.…
If you ask a modern member of today’s American Elite to review Mr. Money Mustache’s childhood and educational history, the report would probably come back dripping with sympathy and disdain. I went to public school (the only school, really), in a lower-middle income small town. I didn’t join many extracurricular activities or attend any private…
In my opinion, the first rule of being a reasonable person is admitting when you are wrong, so you can learn from it. So I want to admit something right now: I was wrong about spending money. Remember how all this time I’ve been telling you that life is better if you aren’t focused on the…
