2min chapter

#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)

The Tim Ferriss Show

notes

CHAPTER

Are There Any Other Assumptions Imbedded in That?

The four per cent would have gotten you through a lot of the worst case scenarios. There were some situations when you could have spent up to five or seven per cent of your portfolio every and still not run out, if you happened to retire just before a big stock market boom that went on for a long time. But most people don't like taking a huge amount of risks. Of the four per cent, or three point five, if you want to be extra conservative with to day's stock market valuations, that's more of a a safety net, and it's really just a mental crutch.

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Transcript

Episode notes

Mr. Money Mustache (@mrmoneymustache — Pete Adeney in real life) grew up in Canada in a family of mostly eccentric musicians. He graduated with a degree in computer engineering in the 1990s and worked in various tech companies before retiring at age 30. Pete, his wife, and their now eleven-year-old son live near Boulder, Colorado, and have not had real jobs since 2005.

This begs the question of “How?” In essence, they accomplished this early retirement by optimizing all aspects of their lifestyle for maximal fun at minimal expense, and by using basic index-fund investing. Their average annual expenses total a mere $25-27,000, and they do not feel in want of anything.

Since 2005, all three of them have explored a free-form life of interesting projects, side-businesses, and adventures.

In 2011, Pete started writing the Mr. Money Mustache blog about his philosophy, which has grown to reach about 23 million different people (and 300 million page views) since its founding. It has become a worldwide cult phenomenon, with a self-organizing community and incredible news coverage. This episode explores his story, philosophies, and routines.

Please enjoy!

This episode originally aired in 2017. You can find the show notes here: https://tim.blog/2017/02/13/mr-money-mustache/

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