Mr Money Mustache & Mr 1500
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- čas přidán 8. 06. 2019
- Mr Money Mustache and Mr. 1500 discuss community building and second generation financial independence
Although most in this community are familiar with Mr. Money Mustache content, many might not know his story and how his Financial Independence journey started. Pete was a software engineer from 1998 to 2005 before Financial Independence.
Once he hit FI, he was surprised that other people with similarly high incomes were not is the same position as him. Out of that surprise and frustration, Mr. Money Mustache was born in 2011.
In the beginning, Mr. Money Mustache found its own audience and had feedback that helped Pete keep the writing going. His first big break happened through a guest post on Early Retirement Extreme. Over time, 29 million+ visitors have connected with Pete’s content.
"The thing that makes or breaks almost any blogger is if you start getting enough people reading your stuff…and commenting and giving you feedback, then you are encouraged to keep going. And keeping going is the real key to success...."
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Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom
@@DavidAntony-gq7id sincerely, I’m truly inspired by your words. I’m very interested in investing and I have got a good sum of money which I’m ready to put in with the right information. My biggest fear is losing my money on the wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.
@@BrunoLuke As an OAP with a lot of experience, I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made $100,000 working with KRISTIN GAIL CUNNINGHAM a licensed financial adviser . It’s been a promising experience so far with her.
@@BrunoLuke quickly do a web check where you can connect with her, and do your research with her full name mentioned
@@DavidAntony-gq7id Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
April 26, 2013 is etched in my mind, it’s the day I read the MMM biopic on WaPo. I met Brad a few months later. In 2020, I mostly retired. Absolutely life changing….
It looks like I'm a year behind in my comment lol. As an over 55 person I wish I had these videos and info 40 years ago. I spread the knowledge to all the young people in my life 😃
I remember the first time I read the shockingly simple math by Mr. Money mustache it was an eye opening for me. Thank for this podcast I am so happy you brought both guys.
Olivia P Thankyou
Really good stuff. Covid-19 was my ahha moment. Now I'm actively pursuing fire. Just got out of credit card debt now to pay off the cars.
Covid was mine too. Kinda a blessing to have free time to deep drive in CZcams to learn about FIRE.
My inspiration!
You go, man. Just do it !
I love jonathan's sincerity and sweetness and I really enjoy the podcast! It keeps me inspired to know there are other people thinking in the same ways I am. Thank you!
“Almost no one can keep going in the absence of feedback.” 🤣😂🤣 Same for youtube! Getting my channel off the ground took forever, but it was nice to get a small audience. I can’t imagine how you keep up with millions of viewers!
Yasss what an epic episode!!😱👏🏻🔥🔥🔥
Yes, Pete, you have a great story, really love how you give details with kindness and love!!! I am doing this now. I want this community! I agree with your beliefs on our kids work in life and they will have plenty in adult life. Thank you!
Thank you sharing this wonderful information
MMM the man the lengend thank you for inspiring so many of us
Great episode! I think the bike perspective is a little under-represented on Choose FI, so it was good to hear MMM bring that message. My favorite MMM post is 'Curing your Clown-Like Car Habit'. Love his thoughts about how wherever you go, cars are right there with you, "roaring, stinking, crashing, and impoverishing their owners."
Glad you enjoyed it!
Loved this ep!
Loving this ❣️
I love this!! So many great messages!! “Do hard things,” is a great mindset!!
Fantastic episode!
Very interesting conversation that really helps us to think........ seriously about where we are heading with our lives..............
I think the humor really helps get people thinking. Its sometimes too much with full intensity.
Great information in this video.
Really enjoy your content and appreciate these guests. I would have liked to hear more from Mr1500. I felt that the interview tilted to MMM. Also, Re: biking - Wonderful for people that want to do it, but I have never enjoyed it and living in a large urban city found it dangerous. Thank you again for all that you do. Certainly appreciate you.
I don't know how to ride bike but I walk instead to as many places as possible
Really enjoying your content. I'm learning alot and I'm going to apply many of tips spoken about here
Aww, thanks! We appreciate hearing that.
I am very glad to meet people like you guys. First of all, as a foreign language speaker det is very difficult to learn your language. But everything is possible if you want to work for it. Regards
agreed!! and welcome :)
Nice episode guys...love it
MMM is the cool neighbour I would like to have a beer with and talk about life and stuff
I don't like beer but if drinking one would be the price to pay I am in :-D
Ditto! Meanwhile my neighbors have a meth house and the other one has OCD and weed whacks his lawn every.single.day from 5-9. The whole yard. Every day
I wanted to say on the topic of changing behaviors...I almost ways really think hard before getting in a car.
Nice, I never had a clue mmm is naturally an artcy person with a scatterbrain. It's amazing he was able to achieve everything he has. MMM I'd love to see an article about FIRE wile not being naturally inclined to be disciplined and organized or with ADHD. I think this would be a great help for a lot of people.
He looks a little robotic and on the spectrum
I hear you want to start a brewery? I’ve helped open 130 of them and I’ve been FI for 24 years. I put that into breweries. Mine is called Colorado Boy. I’ll help you for free. Cheers Tom Hennessy
Are you on spotify?
Getting to work
Car: 28 minutes
Bicycle: 1 hour 47 minutes
🤔
I got into TSLA stocks last 2014 because MM and 1500 days, they both love Tesla cars .
He is a life engineer
May I request a podcast that covers STEM women on their path to FI? Most of the time we only get to hear the STEM men
What makes you ask that? What does one's sex have to do with their path to FI?
@@droptozro Maybe because 70% of the STEM field is men and women are still making 79 cents on the dollar to men across all fields. So one's sex inherently effects one's money making potential and road to FI.
@@danchelius4165 Do these stats you use include OT, the womans free choice to have children and exit the workforce for time periods, the free ability for a woman to not go into the STEM field, or other various reasons a woman may choose to work for less?
If I granted those stats as you believe systemically again.. After about a decade of listening to personal finance shows and reading multitides of books, I find ones personal choices have much more to do with their reaching FI or not in specific time periods. Basically behavior is the horse and income is the cart. This is shown by people like Jacob from ERE living on $7k/year and hitting FI at 33 with an yearly income no higher than $60k. What have you found?
@@droptozro I agree with you on the behavior/income dynamic but to use your horse/cart analogy I would argue that not all carts are created equal. To use another analogy, if FIRE is a 100 yard dash some people are starting on the 30 yard line while others are starting in the parking lot. Simply put privilege is a factor that cannot be ignored when comparing individual FIRE journeys. Of course behavior is the main driving force and cannot be replaced but it is not the only variable in the equation.
@@danchelius4165
I agree that behavior is not the only variable while it is still a main factor.
The problem with that cart understanding I believe is that FI is not a race like a 100 yrd dash. It all depends on what you value.
Some will want $5 million to be FI whereas some will take $300k and consider themselves FI. It depends on where that person lives, their family size or lack of family and what they value. The persons wanting $5 million may make a lot of money each year, or have to wait much longer to be FI. There's a lot of personal choice within this realm.
The short answer is that there's way too many variables in my opinion to treat this like a systemic problem from what I've read. This is not a denial of individual issues or possibly bad laws/prejudice from the past, it's just difficult to pinpoint and call it systemic.
Do you think the 4% rule will become the rule of 1 or 2% in next 20 years?
Now that's a scary thought... but as we all know, it's near impossible to predict :)
Mr. Money Mustache looks so different than I imagined. I picture him looking like the late Jim Croce
Blogs on tape
This was great to listen to so I don't want to sound like i'm coming off too negative. But just for perspective, people talking about the notion of 'section generation FI' is 0.1% of people who even practice FI talking about a problem once you have achieved that goal which makes you 0.1% of 0.1%.
thanks to CZcams Bitcoin is consistently in my video suggestions. do you guys, or MMM, have a bitcoin podcast/video?? i would be interested in that.
Back in episode 72, we discussed Bitcoin. Here's the link: www.choosefi.com/072-should-i-buy-bitcoin-myles-wakeham/
Thanks guys! You are awesome! If you are ever in Tokyo let me know, I’ll buy you a beer. (I’ll try to convince Scott rieckens to join too ;) lol
I need a FI community in Colombia 🇨🇴 please
Ok, find it.
Jonathan I’m doing quite well.
😀
1:05:00 of the video: I'm really sad to hear Mr. Money Mustache and his wife have separated.
James Campbell
he wrote a post about it. he left her, per the post.
Sad to hear
@@chrisp2481 The post doesn't say that HE left HER.
not sad, she is free
@@JanacMeena it does say the separation was initiated by him.
Does anyone know why Mr Money Mustache got divorced
I remember he wrote an article talking about how he wasn't going to make it a public thing.
MMM Enjoy your new tesla! You've worked hard for it.
Three Words: Inflatable. Hot. Tub.
Who is MMM kidding? Not all software developers write efficient code, maybe they don't even try
The hosts talk WAY too much