Optimal Finance Daily - Financial Independence and Money Advice
2463: [Part 2] Wealth Advice That Should Be Obvious by Mr. Money Mustache on Best Money Saving Habits
Sep 28, 2023
Mr. Money Mustache, a retiree, shares wealth advice that should be obvious in this podcast. Topics include maximizing savings and living efficiently, building wealth through expense optimization and resourcefulness, and strategies for reducing expenses and achieving financial independence faster.
08:55
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Quick takeaways
- Using platforms like Craigslist for storage can save money and help declutter.
- Avoid dining out without a plan to save money and have more control over expenses.
Deep dives
Don't pay for permanent storage units
Many people pay for permanent storage units in the U.S. for years, costing them around $100 per month or more. Instead, the podcast suggests using platforms like Craigslist to store items that are not needed, and if required again, these can be repurchased. This not only saves money but also signals that people have accumulated too much unnecessary stuff.
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