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.
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Avoid Paying for Storage Units
- Avoid paying for long-term storage units as it signals you have too much stuff.
- Use Craigslist to sell or temporarily offload items and repurchase only if really needed.
Montreal Food Hunting Anecdote
- Mr. Money Mustache and his wife experienced difficulty finding reasonable food while out in Montreal.
- They ended with an expensive meal, which reinforced his advice to carry sustenance from home.
Automate Bill Payments
- Set utility bills and credit cards on automatic payment to avoid late fees and save time.
- Use credit cards with rewards for automatic payments for added protection and cash back.