#4: Mr. Money Mustache - YOU can become financially independent-here's how.
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- čas přidán 21. 08. 2022
- Pete Adeney (a.k.a. Mr. Money Mustache) is one of the best-known names in personal finance. He popularized the 4% rule for financial independence and has inspired tens of thousands of people to abandon the outdated retirement model and gain financial independence quickly. The principles he talks about work for anyone-rich or poor, young or old. I discovered Pete's writing almost 10 years ago and it changed the way I think about money-this podcast may do the same for you!
Watch this episode on CZcams: • NOT USING
Kevin on Twitter: Camp4
Mentioned in this episode:
Pete on Twitter: / mrmoneymustache
MrMoneyMustache.com: www.mrmoneymustache.com/
Mr. Money Mustache on Facebook: / mrmoneymustache
Mr. Money Mustache on Instagram: / mrmoneymustache
The Magic of Thinking Big by Dr. David J Schwartz: amzn.to/3A8JUfL
Mr. Money Mustache: Personally responsible for the Great Resignation. And thank you. (I quit in 2019 at 54 and had heard about MMM in the New Yorker article.)
I just watched something on CZcams and I’m exited at this second have of my life to finally to live 🙏🏽
I'm leaving my work at 55.
Possibly at 50 though!
Congrats! MrMoneyMustache is a force for good
Chris...did you find it embarassing or awkward to stop working at 54?
Congratulations 😊
I’m the same age as MMM, unfortunately I didn’t find this path until FAR later!! His generosity in sharing his experiences and knowledge has positively impacted millions of people. So grateful he’s stayed true to himself and shared (understanding it’s innately him and it’s not even a choice). I’m 8 years into this journey now, and plan to be done in the next few years. 👊🏼
I am 33 and able to be a stay at home dad with my new twins. I tell people this, and they just can't believe it.
That's amazing man
Wife a big earner, eh?
Great interview, it's always great hearing MMM's perspective from an authentic point of view. I've enjoyed his blog for years and have also found value from the Your Money or Your Life, The Magic of Thinking Big, and the Simply Path To Wealth books he recommends. I'm thankful he doesn't do marketing or hacks as he'd be just another fake person trying to influence people towards a worse life for the influencer's benefit. He doesn't need to market because his advice speaks for itself. It really just comes down to good Karma by doing the interviews and enjoying the tangible benefits of making the world a better place - something we should all strive for. Thank you both for taking the time to visit and post!
I resigned at 58 and retired. I was in the fire movement for five years before I resigned. I have a pension and rentals. Since retiring, I have doubled my income from my federal government salary.
Mr money mustache needs to produce his own videos way more often
Love this man. For seeing his way out of the Matrix and having the courage to actually do it. Which inspires me to do the same thing. I love what I do, but there are parts of it to walk away from. We need the community to reinforce us to break away and do what is best for ourselves and the planet. Thanks MMM!
Thanks for this podcast. Listened from beginning to end.
43 y.o., from Kyrgyzstan. I have "another year" syndrome sticking to my current 9-6 job, although technically I'm a millionaire already, passive incomes cover all my expenses, and still can save and invest. But struggling to say "enough, stop this lifestyle" to myself. I've been comparatively frugal for several years, been following MMM on his website.
This interview helps a lot to reconsider all my values in life.
Imagine mmm on the iced coffee hour.
So inspirational. Thank you
I like MMM but he barely gets a chance to answer the question - most are leading questions or answered on his behalf by the host . The host should let the guest answer questions and talk .
I agree with MMM. Work itself isn't painful, it's all the extra bullshit (corporate politics, commute to work, dress codes, etc.) that's painful.
Hitting your "4%" number (I'd argue that it can be ~6% if investing in rental real estate, b/c home appreciation follows the CPI more steadily than stocks) makes additional income a pure bonus.
After you hit your FIRE number, a job with minimal bullshit is fulfilling, IMO. That way the additional money is truly a bonus, and rather than acting like a corporate robot, you can build actual friendships with co-workers.
Great wisdom here.
Very meaningful conversation. THANKS
MMM's Warren Buffet impersonation is SPOT ON!
awesome guys, thanks 👌🙌
Really enjoyed this video, thank you to you and MMM.
Would be very interested in listening/watching if you can get Jl Collins onto a future podcast.
Thank you again
This goes to show the prominence of a life coach. I believe discipline plays a major role too yunno. Any who, great video by the way
When you connect to the silence within you, that is when you can make sense of the disturbance going on around you
@@joecaruso06 Right! mostly because professionals manage most of these tactics and loopholes better. I was able to scale from $35K to 65K this crash by following my coach's advice.
@@mvanwie Forehand I know the powers of coaches too. Coming from someone who's witnessed consecutive ups and downs, debt, bankruptcy, you name it, Having a coach made it a lot more easier. I know how discipline is essential to grow. Matter of fact having received advice from my coach, I started my pod, a little ytube, and passively earn and hold a $293k ptf with Yvonne Annette Lively. So yes babe, life coaches are indeed important.
@@maryalchester Do you mind if I asked if she's with Morgan Stanley?
@@maryalchester tnks info mary insha allah
This is awesome
great topics, great convo.
Love this video!!!
How do I meet my tribe with the same financial mindset that don’t grumble and complain?
F’N A! “Be careful what you repeat”. I might already be stuck on that train with my profession. Has me feeling very trapped
One important point they make here is still keeping the brain and your body stimulated and active if you do go for FIRE.
I like this podcast.......
👏👏👏 buena información
Wow...this host is always interrupting MMM. Way to go, guy. Dont forget, MMM is YOUR guest.
❤❤❤
For, I aspire to not use my phone before bed
It's simple; I just KSafe it at night
I will go to phone addicts meetups to reinforce this
B
He had me until Honda Fit 😂😅
ONE DAY PEOPLE WILL REALIZE THEE FASTEST WAY TO FIRE IS BY DROPPING OUT OF SCHOOL TO START THE COMPOUNDING AND INVESTING PART AS EARLY AS POSSIBLE !!!!
Too complicated. He's a software engineer, a math savant... Most people can't juggle all this stuff in their heads.
Love how the video starts at second #1 with MMM flexing his ego right off! This guy kills me😂! And the fact that people are slobbering all over him like a bunch perfectly trained flying monkeys 🤮
Go cry about it and take a hike
The thing I don't seem to understand about the FIRE movement is this idea that you should invest your money then live off it.
Why not take your money and built into investments that produce cash flow?
Cash flow is actually what is needed to survive each day. The higher amount of cash flow you have determines the lifestyle you can afford.
It's exactly the same thing. Investing and taking part of it out to live on, is cash flow. It's no different to receiving rent on a property for example, except for the fact that there is absolutely no work involved.
His parents paid for his school so he had $0 in student loans upon graduation with a Computer Engineering degree, within a few years was making well into the 6 figures. He started at the top of the ladder, snagged properties when they were dirt cheap, all he had to do is live modestly from then on out until he hit that magic number. No one will be doing today what he did, good luck getting a start.
Not with that Attitude.... read his blog, apply the principles to your life and I doubt you'll regret it!
@@caseyrichards3212 I don't regret anything, I went all in on real estate starting in 2011, and poured everything else into index funds, riding up the longest and steepest bull market run in the market and real estate in history. I will be FIRE'd by 40. No one starting today even has a chance. Heck, the college I attended is now 2.5X the price yet the median salary for my STEM field has only increased by 7% in total over that entire time. And, I didn't have to graduate with loans. Gen Z is screwed. Don't be oblivious to today being the highest cost of living (both housing and essentials) relative to incomes in history of this country.
sure? I went from zero to 1.5 mio within 10 years. was lot of hard work…
@@caseyrichards3212 82% of households looking to buy a house can't even qualify for a mortgage today
@@alwi3455you won't do shit starting at 0 today.