Mr. Money Mustache

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Reset: How to Restart Your Life and Get F.U. Money: The Unconventional Early Retirement Plan for Midlife Careerists Who Want to Be Happy by David Sawyer

"World Economic Forum" Davos, Abraham Maslow, Airbnb, Albert Einstein, asset allocation, beat the dealer, bitcoin, Black Monday: stock market crash in 1987, Cal Newport, cloud computing, cognitive dissonance, content marketing, crowdsourcing, cryptocurrency, currency risk, David Attenborough, David Heinemeier Hansson, Desert Island Discs, diversification, diversified portfolio, Edward Thorp, Elon Musk, fake it until you make it, fake news, financial independence, follow your passion, gig economy, Great Leap Forward, hiring and firing, imposter syndrome, index card, index fund, invention of the wheel, John Bogle, knowledge worker, loadsamoney, low skilled workers, Mahatma Gandhi, Mark Zuckerberg, meta-analysis, mortgage debt, Mr. Money Mustache, passive income, passive investing, Paul Samuelson, pension reform, risk tolerance, Robert Shiller, Ronald Reagan, Silicon Valley, Skype, smart meter, Snapchat, stakhanovite, Steve Jobs, sunk-cost fallacy, TED Talk, The 4% rule, Tim Cook: Apple, Vanguard fund, William Bengen, work culture , Y Combinator

Collins is not averse to investing in an all-world Ex-US, or total international, or total world stock index fund, but favours the one-fund VTSAX approach pre-retirement. [396] Writing in 2011, Pete Adeney recommended a similar approach: “How to make Money in the Stock Market – Mr. Money Mustache.” 18 May. 2011, toreset.me/396. [397] Goldberg five funds: “The Only 5 Index Funds You Need to Own – Kiplinger.” toreset.me/397. [398] This passive portfolio uses threshold rebalancing: “Use threshold rebalancing to lower your portfolio’s risk – Monevator.” 22 Jun. 2016, toreset.me/398. [399] In April 2018: “The Slow and Steady passive portfolio update: Q1 2018 | Monevator.” 3 Apr. 2018, toreset.me/399. [400] Mr. Money Mustache forum: “Advice for a UK mustachian – Mr.

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We’ve already established that Homo sapiens arrived at 23:53:36 in the timeline of planet Earth. What about the Industrial Revolution? It only came along half a second ago at 23:59:59[55]. Is it any wonder we’ve had no time to adapt? We’re hard-wired to satisfy our appetites, to pursue pleasure, to reproduce and survive. As Pete Adeney – aka Mr. Money Mustache, we’ll come to him later – says: “Ancestors of ours who were insatiable, and always wanted more mates, more children, more food, more social standing, and more security against predators and enemies were quite simply the ones who got to produce the largest number of surviving children.

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Ann Handley. David Meerman Scott. Ted Rubin. Doug Kessler. People you admire from afar Then there are those whose work you admire above all others. You hang on their every word, try to find out how they did things, follow their recommendations. Mine are: Ryan Holiday. Pete Adeney (aka Mr. Money Mustache). Tim Urban (of Wait But Why). My wife thinks I’m mad She playfully pokes fun at these friends and mentors, most of whom I’ve not met, and some of whom are 15 years my junior. “Age is no barrier,” I reply, “and the internet has changed everything.” I have up to ten mentors on the go at one time.

Playing With FIRE (Financial Independence Retire Early): How Far Would You Go for Financial Freedom? by Scott Rieckens, Mr. Money Mustache

Airbnb, An Inconvenient Truth, cryptocurrency, do what you love, effective altruism, financial independence, index fund, job satisfaction, lifestyle creep, low interest rates, McMansion, Mr. Money Mustache, passive income, remote working, sunk-cost fallacy, The 4% rule, Vanguard fund

His WORK, EAT, SLEEP, REPEAT podcast description says, “I deconstruct world-class performers from eclectic areas (investing, sports, business, art, etc.) to extract tactics, tools and routines you can use.” Past guests have included Arnold Schwarzenegger, Seth Godin, Amanda Palmer, Jamie Foxx, and Tony Robbins. I was curious about this episode’s odd title, “Mr. Money Mustache — Living Beautifully on $25–27K Per Year.” I pressed Play. Mr. Money Mustache, whose real name is Pete Adeney, is a Canadian-born engineer of average means who retired at thirty; lives near Boulder, Colorado, with his family; and hasn’t held a “real” job since 2005. In the podcast introduction, Tim asked, “How did [his family] do that? They accomplished this early retirement by doing several things, but, in effect, optimizing all aspects of their lifestyle for maximal fun, at minimal expense, and by using index fund and real estate investing.

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To put it frankly, I never would have imagined this could happen for a family like the one Scott describes at the beginning of the story. But having seen their success, I now have even higher hopes that more people can reap the benefits of more financially independent lives everywhere. And I think you will feel that same hope creep into your own outlook on life as you read it. PLAYING WITH FIRE — Pete Adeney a.k.a. Mr. Money Mustache xii introduction to fire 1 PLAYING WITH FIRE The quest for a happy and meaningful life is not new. Socrates 2 tells us that the secret to happiness is found not in seeking more but in developing the capacity to be happy with less. Confucius states that the more a person “meditates upon good thoughts,” the happier he or she will be.

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Although we wanted to find a balance with our non-FIRE friends, we had felt resistance and tension. When we talked to FIRE people, we felt excitement and received motivation. Fortunately, more good fortune was in store for us. In September, while we were still in Seattle, I decided to email Pete Adeney, a.k.a. Mr. Money Mustache himself. He’d recently announced that he was opening a coworking space in his hometown of Longmont, Colorado. I wanted to feature Pete in the documentary, and the grand opening of his new place would be the ideal event; it would also be a perfect opportunity to meet Pete and get to know other Mustachians.

Digital Minimalism: Choosing a Focused Life in a Noisy World by Cal Newport

Black Lives Matter, Burning Man, Cal Newport, data science, Donald Trump, Dunbar number, financial independence, game design, Hacker News, index fund, Jaron Lanier, Kevin Kelly, Kickstarter, lifelogging, longitudinal study, Mark Zuckerberg, Mr. Money Mustache, Pepto Bismol, pre–internet, price discrimination, race to the bottom, ride hailing / ride sharing, Silicon Valley, Skype, Snapchat, Steve Jobs, TED Talk

These practices do not constitute a step-by-step plan for upgrading your leisure life, but instead provide a sampling of the type of action that can help you operationalize Aristotle’s blueprint for happiness. PRACTICE: FIX OR BUILD SOMETHING EVERY WEEK Earlier in this chapter, I introduced Pete Adeney (a.k.a. Mr. Money Mustache), the former engineer who achieved financial independence at a young age. If you sift through the archive of Pete’s blog, you might come across a remarkable entry from April 2012, which describes Pete’s experiments with metal welding. As Pete explains, his welding odyssey began in 2005. At the time, he was building a custom home. (As loyal Mr. Money Mustache fans know, Pete spent a few years running a somewhat ill-fated home construction company after quitting his job as an engineer.)

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This combination of abundant free time and commitment to intentional living makes this group an ideal source of insight into effective leisure. Let’s start this search for insight by interrogating the habits of the informal leader of the FI 2.0 movement: a former engineer named Pete Adeney, who became financially independent in his early thirties and now blogs about his life under the purposefully self-deprecating moniker Mr. Money Mustache. When Pete became financially independent, he didn’t fill his life with the types of passive leisure activities we often associate with young men relaxing—playing video games, watching sports, web surfing, long evenings at the bar—he instead leveraged his freedom to become even more active.

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Barksdale, 110 media: news, 45–46, 78–79, 222, 233, 238–42 newspapers, 79, 215, 241 Slow Media, 236–42 see also social media Mehl, Matthias, 138 Mennonite Church, 54–57 mental health and psychological well-being, xi–xii, 104–9, 136–41 mentalizing, 135 messaging tools, 147 anxiety and, 105 digital declutter and, 65 email, see email Snapchat, 22–23 text, see text messaging time spent on, 6 metal welding, 194–95 Millennial generation, 106, 218n Miller, William Lee, 87 minimalism, xv, 57 digital, see digital minimalism missing out and losing access to information, 29, 30, 75, 201, 202, 218n, 252 Moment, 102–3 Montgomery bus boycott, 94–95 Montgomery Improvement Association, 94 mood, xi–xii Morse, Samuel, 249–51, 254 Mouse Book Club, 190–92 movie theaters, 112–13 Mr. Money Mustache (Pete Adeney), 171–73, 176, 194–96 music: iPod and, 4, 5, 100–101, 217 record player and, 72 Walkman and Discman and, 100 NAACP, 94 negativity, xii Netflix, 46–47, 64 neuroscience, 131–35 new-mom boot camp, 185, 189 news, 45–46, 78–79, 222, 233, 238–42 newspapers, 79, 215, 241 Newton, Isaac, 96 New York, ix New Yorker, 220 New York Post, 27, 28 New York Sun, 215 New York Times, 7n, 66 New York Times Magazine, 107 Nicholson, Scott, 183 Nicomachean Ethics (Aristotle), 165–66 Nietzsche, Friedrich, 97, 116–19 notebooks, 81, 122–26 NPR, 79, 136–39, 141 NW (Smith), 226 office hours, 160–64 optimization, 36, 43–49, 60 Packer, George, 220 Page, Larry, 12 Paleolithic period, 21, 22 Parker, Sean, 19, 23 Pascal, Blaise, 95–96 PBS NewsHour, 12 Pearlman, Leah, 21–23 perceived social isolation (PSI) metric, 139 Persuasive Technology Lab, 11 PET scans, 131–35 philosophy of technology use, xiv phones, phone calls, 4–5, 150, 160 car, 99, 100 commutes and, 161–62 dumb, 242–48 flip, 31–32, 242–43 life before cell phones, 113–14 office hours and, 161–62 placing calls, 160, 164 see also smartphones Planet Fitness, 185, 187 Plato, 25 podcasts, 67 politics, 238, 240–41 positive reinforcement, intermittent, 17–21 presidential election of 2016, xii, 137, 213, 244 Primack, Brian, 139, 140 productivity, 199–200, 226, 227 psychoanalysis, 96 psychological well-being, xi–xii, 104–9, 136–41 psychology, in rock paper scissors, 129 quality of life, 104, 140, 253 mental health and psychological well-being, xi–xii, 104–9, 136–41 Quantified Self, xiv radio, 78–79, 215–16 Real Time with Bill Maher, 9–11, 13, 24–25 Reclaiming Conversation (Turkle), 144, 145, 150 Redding, David, 186–87 relationships, xvii, 65–66, 77, 80, 96, 108, 147, 158–59 conversation in, 147, 158–59 conversation-centric communication philosophy and, 149, 154 real-world, replacing with social media, 140–44 solitude and, 104 see also social connection return curve, 43–44, 46 Revenge of Analog, The (Sax), 182 Riggs, George, 85–86 Rimbaud, Arthur, 118 rock paper scissors (RPS), 127–30, 135 Rogowski, Gary, 178–79, 181–82 Room of One’s Own, A (Woolf), 97 Roosevelt, Theodore, 174, 176 Rousseau, Jean-Jacques, 118 Ruskin, John, 178 Sarton, May, 98 Savov, Vlad, 244 Sax, David, 182–84 Schopenhauer, Arthur, 97 Science, 226 Scott, Laurence, 6 Sears catalog, 195–96 seasonal leisure plans, 207–10 SelfControl, 226 Setiya, Kieran, 166 Settlers of Catan, 183, 184 Shakya, Holly, 139–42 Silicon Valley, 10, 11, 58, 151, 161, 252 60 Minutes, 9–10, 11 skills and craft, 171–72, 177–82, 194–98 Slow Food movement, 236, 237 Slow Media, 236–42 Slow Media Manifesto, 236–38, 241 smartphones, 4, 6, 55–56, 80–81, 101, 104, 156, 217, 251 apps on, 27, 28, 47, 79, 148, 222–25, 245 digital declutter and, 69–71 Do Not Disturb mode on, 157–60 dumbing down, 242–48 emergencies and, 157, 159 leaving at home, 112–16 life before, 113–14 mental health and, 104–9 in movie theaters, 112–13 perceived necessity of, 113, 115–16, 246 release of iPhone, 4–6, 101, 216–17, 251 replacing with flip phone, 31–32 social media on, 47, 79 social media on, deleting, 222–25 solitude deprivation and, 101–9, 115, 116 specific needs for, 247 text messaging on, see text messaging time spent using, 102–3 see also digital communication tools Smith, Zadie, 226 Snakes & Lattes, 182–84, 189 Snapchat, 22–23 Social (Lieberman), 131–35 social connection(s), 103–4 brain processes and, 130, 133–34, 142, 143 conversation vs. mere connection, 144, 146, 147, 150, 154 drive for social approval, 17, 20–23 Dunbar Number and, 232–33 groups and networks in, 136, 149–50, 155 loss of, 134–35 and man as social animal, 131–36 perceived social isolation (PSI) metric, 139 solitude and, 98–99, 103–4, 109–12 supercharged, 182–90 weak-tie, importance of, 155 see also conversation; digital communication tools; relationships; social media “social fitness” exercise groups, 184–89, 206 social media, 6–8, 48–49, 79–80, 148, 198–99, 202, 221–22, 225, 251 anger and outrage on, xii, 143 approval clicks and, 9, 18, 21, 136, 138, 140–42, 147, 148, 151–56, 180 artists’ use of, 7 author’s relationship with, ix, xiiin, 29, 218n, 220 blocking, 229 commenting on, 153–56 Facebook, see Facebook feedback on, 18, 20–22 loneliness and, 137–40 paradox of, 136–44 on phone, 47, 79 on phone, deleting, 222–25 productivity and, 199–200 psychological well-being and, xi–xii, 104–9, 136–41 quitting, 30–31 as substitute source of aggrandizement, 180 tagging in, 22–23 time spent on, 6, 199, 202 using like a professional, 230–36 warning others that you’re spending less time on, 154–55 see also digital communication tools Social Psychology and Personality Science, 138 Socrates, 25, 241 So Good They Can’t Ignore You (Newport), 124 Soldiers’ Home, 85–92, 126 solitude, xvii, 85–126, 246 connectivity and, 98–99, 103–4, 109–12 definition of, 92–94, 119, 125 deprivation of, 99–109, 115, 116 King and, 94–95 and going without smartphone, 112–16 Lincoln and, 86–93, 111, 126 loneliness, see loneliness physical separation and, 93–94 relationships and, 104 value of, 92–99, 104, 109, 246 walking and, 116–22 writing letters to yourself, 122–26 Solitude (Harris), 97–98 Solitude: A Return to the Self (Storr), 96–97 Sony Walkman and Discman, 100 Spinoza, Baruch, 96 State Street, 230 Storr, Anthony, 96–97, 99–101 streaming entertainment, 46–47, 64, 67, 68, 168, 171 stress, 109 Stutzman, Fred, 225–26, 228, 229 suicide, 106 Sullivan, Andrew, ix, xii, xviii, 254 supercharged sociality, 182–90 Supreme Court, U.S., 92n Syracuse University, 231 tablets, 244 tagging people, 22–23 Tang, Kaiwei, 245–46, 248 technology, 253, 254 Amish and, 49–57 intentionality in use of, 36, 49–57, 193 maximalist philosophy of, 29, 57–58 Luddism and, xiv, 50, 193 Mennonites and, 54–57 minimalist philosophy of, see digital minimalism neutrality of, 10 philosophy of use of, xiv, 28 temporary break from, 166–69 see also digital devices and internet TED, 13 telegraph, 99, 100, 249–51 television and streaming entertainment, 46–47, 64, 67, 68, 168, 171 television industry, 215–16 text messaging, 5, 32, 65, 66, 136, 147–49 consolidating, 156–60 conversation vs., 157 Thames, Liz, 172–74, 176 Thoreau, Henry David, xv, 36–41, 100, 101, 120, 251–52 Walden, xviii, 36–40, 99, 109–11 walks of, 118, 119, 122 Time Well Spent, 12 tobacco industry, 9–11 Trump, Donald, 92n Turkle, Sherry, 144–47, 150, 156, 160 Twenge, Jean, 105–8 Twilight of the Idols (Nietzsche), 116–17 Twitter, 7, 33, 75, 79, 199, 220, 232, 233, 239, 244 cost vs. value of using, 41–42 TweetDeck and, 234–35 Union Fire Company, 204 USA Rock Paper Scissors League, 127–30, 135 Vail, Alfred, 250 value(s): Amish and, 51–54 digital minimalism and, 28–36 low-value activities, 30 and reintroducing technologies in digital declutter, 60, 70, 71, 75–81 Variety, 112 Verge, The, 222, 244 video games, 63–64, 68, 171, 177, 181, 183, 184 Walden (Thoreau), xviii, 36–40, 99, 109–11 “Walking” (Thoreau), 118 walks, walking, 116–22 with friends, 149, 150, 163 gratitude, 120 Wallace, Mike, 10–11 Wanderer and His Shadow, The (Nietzsche), 117–18 Washington, DC, 85–86, 240 Washington Post, 239 Washington University, 131 watch, 81 weekly leisure plans, 210–12 welding, 194–95 WhatsApp, 7, 65, 156 What Technology Wants (Kelly), 50–51 White House Historical Association, 88 Whitmire, Tim, 187 Wigand, Jeffrey, 10–11 Winchester, Simon, 249–51 Wittgenstein, Ludwig, 97 Woolf, Virginia, 97 work, 168 Wu, Tim, 215–16 YouTube, 127, 168, 193 how-to lessons on, 192, 193, 195, 197–98 Zeiler, Michael, 17–18 Zuckerberg, Mark, 103, 222 ABCDEFGHIJKLMNOPQRSTUVWXYZ About the Author Cal Newport is an associate professor of computer science at Georgetown University and the author of six books, including Deep Work and So Good They Can't Ignore You.

Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required by Kristy Shen, Bryce Leung

Affordable Care Act / Obamacare, Airbnb, Apollo 13, asset allocation, barriers to entry, buy low sell high, call centre, car-free, Columbine, cuban missile crisis, Deng Xiaoping, digital nomad, do what you love, Elon Musk, fear of failure, financial independence, fixed income, follow your passion, Great Leap Forward, hedonic treadmill, income inequality, index fund, John Bogle, junk bonds, longitudinal study, low cost airline, Mark Zuckerberg, mortgage debt, Mr. Money Mustache, obamacare, offshore financial centre, passive income, Ponzi scheme, risk tolerance, risk/return, side hustle, Silicon Valley, single-payer health, Snapchat, Steve Jobs, subprime mortgage crisis, supply-chain management, the rule of 72, working poor, Y2K, Zipcar

A similar assumption exists in child-rearing: in order for a kid to grow up happy and healthy, you have to spend a lot of money. What if the opposite were true? What if it were possible to raise a child for far below average, while at the same time giving them a high quality of life? I reached out to early retirees doing exactly that. The Jacobsons, the McCurrys, and Pete Adeney (aka Mr. Money Mustache) are friends we met through the FIRE community who retired in their thirties with kids. Jeremy travels the world with his son and wife. Justin has three kids and lives with his family in Raleigh, North Carolina. Pete has a son and lives in Longmont, Colorado. I wanted to learn about their experiences, how much it costs, and the kind of life they’re able to give their families.

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(Not that that helps. Logically, I knew that being up in that vibrating 747 was safer than driving to work every day, but it didn’t stop me from feeling the fear.) When we get e-mails from readers on the verge of retiring, all they can talk about is a phenomenon called the “Wall of Fear,” coined by Pete Adeney, aka Mr. Money Mustache. Instead of feeling excited, they worry about all the things that could go wrong. I don’t blame them. I also faced the Wall of Fear right before we retired. After being in the Matrix for almost a decade, it’s easy for us to “become” our jobs. Our identity and social circle are so wrapped up in work that giving it up—even if it’s stressful, even if you hate it—creates an identity crisis.

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Conquering that fear was the hardest thing I’ve ever done (including getting through an engineering program that I sucked at), but if I hadn’t conquered it, I wouldn’t be where I am today. If you’re also an Optimizer, I hope this book helped you understand why you’re the way you are, and why that’s totally awesome. NOTABLE OPTIMIZERS Me Mr. Money Mustache, aka Pete Adeney JL Collins DIFFERENT STROKES FOR DIFFERENT FOLKS Since we’ve retired and started traveling the world, we’ve become friends with self-made millionaires of all three types, and one of the most interesting things we’ve noticed is that not only are there multiple ways to get there, the folks who pull it off do so because they know their own strengths and weaknesses and are able to match them to their approach.

The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by J L Collins

asset allocation, Bernie Madoff, Black Monday: stock market crash in 1987, buy and hold, compound rate of return, currency risk, diversification, financial independence, full employment, German hyperinflation, index fund, inverted yield curve, John Bogle, lifestyle creep, low interest rates, money market fund, Mr. Money Mustache, nuclear winter, passive income, payday loans, risk tolerance, side hustle, The 4% rule, Vanguard fund, yield curve

On her site, www.femmefrugality.com, she shares helpful tips and money tricks, largely in the realms of day-to-day savings and increasing income. But she’s only recently entered the area of investing, making her a perfect reader for this project. She’s smart, knows good writing and enough on the subject to make sure I stayed on track. Foreword Pete Adeney, a.k.a Mr. Money Mustache (www.mrmoneymustache.com), graciously agreed to write the foreword. Pete is a major force in the world of financial independence and has been a longtime supporter of my blog and investing approach. He is also the first person I asked to be a speaker at our annual Chautauqua event in Ecuador, and he has been there every year since.

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You can branch out and get a little fancier if you like, but there is nothing to lose, and everything to gain, by keeping things as simple as you can. Although very few people actually follow it, I have found that the road to a wealthy life really is simple and quite enjoyable to follow, so it only makes sense that a book about it should have those same fine traits. This one does. Peter Adeney a.k.a. Mr. Money Mustache Colorado, June 2016 Table of Contents Dedication Disclaimer Acknowledgements Foreword Beginnings I. Introduction II. A parable: The Monk and the Minister III. My story: It has never been about retirement IV. Important notes Part I: Orientation 1.

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Stories that just happen to be about exactly what you wanted and needed to learn about your money. “I have found that the road to a wealthy life really is simple and quite enjoyable to follow, so it only makes sense that a book about it should have those same fine traits. This one does.” Peter Adeney Mr. Money Mustache www.mrmoneymustache.com “The Simple Path to Wealth is the investing book I always wished I’d read. Collins breaks down otherwise-daunting concepts and terminology to make learning the world of investing easy and enticing. He tells you everything you need to know to get started and to continue on with success.

Tribe of Mentors: Short Life Advice From the Best in the World by Timothy Ferriss

"World Economic Forum" Davos, 23andMe, A Pattern Language, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Bayesian statistics, bitcoin, Black Lives Matter, Black Swan, blockchain, Brownian motion, Buckminster Fuller, Clayton Christensen, cloud computing, cognitive dissonance, Colonization of Mars, corporate social responsibility, cryptocurrency, David Heinemeier Hansson, decentralized internet, dematerialisation, do well by doing good, do what you love, don't be evil, double helix, driverless car, effective altruism, Elon Musk, Ethereum, ethereum blockchain, family office, fear of failure, Gary Taubes, Geoffrey West, Santa Fe Institute, global macro, Google Hangouts, Gödel, Escher, Bach, haute couture, helicopter parent, high net worth, In Cold Blood by Truman Capote, income inequality, index fund, information security, Jeff Bezos, job satisfaction, Johann Wolfgang von Goethe, Kevin Kelly, Lao Tzu, Larry Ellison, Law of Accelerating Returns, Lyft, Mahatma Gandhi, Marc Andreessen, Marc Benioff, Marshall McLuhan, Max Levchin, Mikhail Gorbachev, minimum viable product, move fast and break things, Mr. Money Mustache, Naomi Klein, Neal Stephenson, Nick Bostrom, non-fiction novel, Peter Thiel, power law, profit motive, public intellectual, Ralph Waldo Emerson, Ray Kurzweil, Salesforce, Saturday Night Live, Sheryl Sandberg, side project, Silicon Valley, Skype, smart cities, smart contracts, Snapchat, Snow Crash, Steve Jobs, Steve Jurvetson, Steven Pinker, Stewart Brand, sunk-cost fallacy, TaskRabbit, tech billionaire, TED Talk, Tesla Model S, too big to fail, Turing machine, uber lyft, Vitalik Buterin, W. E. B. Du Bois, web application, Whole Earth Catalog, Y Combinator

–Mae West One of the greatest female stars of classic American cinema “If at first the idea is not absurd, then there is no hope for it.” –Albert Einstein German theoretical physicist, Nobel Prize winner “The key to a great life is simply having a bunch of great days. So you can think about it one day at a time.” Mr. Money Mustache TW/FB: @mrmoneymustache mrmoneymustache.com MR. MONEY MUSTACHE (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 and his wife live near Boulder, Colorado, with their now 11-year-old son, and they have not had real jobs since 2005.

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., 64–68 Marcus Aurelius, 69, 335, 486 Mastery, 249, 441 Maté, Gabor, 340–44 Maynard, Kyle, 14–17 McGonigal, Kelly, 439 McGraw, Tim, 464–67 McHale, Joel, 131–34 McMahon, Stephanie, 509–12 McMahon, Vince, 512 Meditation bodily awareness in, 559, 560 breathing techniques in, 89, 559–60 guided, 545 to handle overwhelm/lack of focus, 99, 214, 271, 524 to improve your life, 106, 177, 237, 430 investing in, 322, 338, 450 as investing in yourself, 212–13 mindfulness, 402 from nature, 126 reframing, 189 Samatha, 271 for stress relief, 529 Transcendental, 80, 241, 242, 322, 380, 381, 489 Vipassana, 271, 558–60 Medium, 401 Medley Global Advisors, 56 Mental exercise, 296–97 Merzenich, Michael, 297 Meyer, Danny, 371–72 Michaels, Lorne, 177 Microsoft, 446 Milk, 101 Miller, BJ, 356 Millman, Debbie, 24–30 Mindfulness, 101, 213, 237, 270, 402, 569 Miura-Ko, Ann, 199–202 Modcloth, 200 Moore’s Law, 294–95 Moskovitz, Dustin, 82–84 Mother Dirt, 72 Motive, 64 Mr. Money Mustache (Pete Adeney), 376–78 Munger, Charlie, 513 Murakami, Haruki, 567 Musk, Elon, 41, 42, 62, 63 Mycoskie, Blake, 484 Mylola.com, 77 N Nadella, Satya, 59 Nasaline nasal irrigator, 488 Native Union iPhone charger, 233 Navy SEALs, 536 Negativity, 124–25 Negreanu, Daniel, 532–35 Nelson, Portia, 568–69 Newman, Paul, 134 Newmark, Craig, 472–74 New Month Resolutions, 493–94 News Integrity Initiative, 472 New York Public Radio, 437 The New York Times Magazine, 1 Next Generation Leadership program, 324 ngmoco, 64 NGOs, 262–63 Nikon, 546 Nin, Anaïs, xx, 308 Nine Gates Mystery School, 548–49 No Excuses gym, 14 Norman, Greg, 283–85 Norton, Layne, 316 Nosrat, Samin, 1–4 Novogratz, Jacqueline, 324–27 Nutrition.

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Quotes I’m Pondering (Tim Ferriss: Nov. 6–Dec. 4, 2015) Soman Chainani Dita Von Teese Jesse Williams Dustin Moskovitz Richa Chadha Quotes I’m Pondering (Tim Ferriss: Dec. 11, 2015–Jan. 1, 2016) Max Levchin Neil Strauss Veronica Belmont Patton Oswalt Lewis Cantley Quotes I’m Pondering (Tim Ferriss: Jan. 8–Jan. 29, 2016) Jerzy Gregorek Aniela Gregorek Amelia Boone Sir Joel Edward McHale, Lord of Winterfell Ben Stiller Quotes I’m Pondering (Tim Ferriss: March 11–March 25, 2016) Anna Holmes Andrew Ross Sorkin Joseph Gordon-Levitt How to Say No: Wendy MacNaughton Vitalik Buterin Quotes I’m Pondering (Tim Ferriss: Feb. 12–March 4, 2016) Rabbi Lord Jonathan Sacks Julia Galef Turia Pitt Annie Duke Jimmy Fallon Quotes I’m Pondering (Tim Ferriss: April 1–April 15, 2016) Esther Perel Maria Sharapova Adam Robinson Josh Waitzkin Ann Miura-Ko Jason Fried Quotes I’m Pondering (Tim Ferriss: April 22–May 13, 2016) Arianna Huffington Gary Vaynerchuk Tim O’Reilly Tom Peters Bear Grylls Brené Brown Quotes I’m Pondering (Tim Ferriss: May 27–June 16, 2016) Leo Babauta Mike D Esther Dyson Kevin Kelly Ashton Kutcher Quotes I’m Pondering (Tim Ferriss: June 24–July 15, 2016) Brandon Stanton Jérôme Jarre Fedor Holz Eric Ripert Sharon Salzberg Quotes I’m Pondering (Tim Ferriss: July 22–Aug. 12, 2016) Franklin Leonard Peter Guber Greg Norman Daniel Ek Strauss Zelnick Quotes I’m Pondering (Tim Ferriss: Aug. 12–Sept. 9, 2016) Steve Jurvetson Tony Hawk Liv Boeree Anníe Mist þórisdóttir Quotes I’m Pondering (Tim Ferriss: Sept. 16–Oct. 14, 2016) Mark Bell Ed Coan Ray Dalio Jacqueline Novogratz Brian Koppelman Stewart Brand Quotes I’m Pondering (Tim Ferriss: Oct. 21–Nov. 18, 2016) Sarah Elizabeth Lewis Gabor Maté Steve Case Linda Rottenberg Tommy Vietor Quotes I’m Pondering (Tim Ferriss: Nov. 25–Dec. 30, 2016) Larry King Muna AbuSulayman Sam Harris Maurice Ashley How to Say No: Danny Meyer John Arnold Quotes I’m Pondering (Tim Ferriss: Jan. 6–Jan. 27, 2017) Mr. Money Mustache David Lynch Nick Szabo Jon Call Quotes I’m Pondering (Tim Ferriss: Feb. 3–Feb. 24, 2017) Dara Torres Dan Gable Caroline Paul Darren Aronofsky Evan Williams Quotes I’m Pondering (Tim Ferriss: March 10–March 24, 2017) Bram Cohen Chris Anderson Neil Gaiman Michael Gervais Temple Grandin Quotes I’m Pondering (Tim Ferriss: March 31–April 21, 2017) Kelly Slater Katrín Tanja Davíðsdóttir Mathew Fraser Adam Fisher Aisha Tyler Quotes I’m Pondering (Tim Ferriss: April 28–May 12, 2017) Laura R.

Work Optional: Retire Early the Non-Penny-Pinching Way by Tanja Hester

Affordable Care Act / Obamacare, Airbnb, anti-work, antiwork, asset allocation, barriers to entry, buy and hold, crowdsourcing, diversification, estate planning, financial independence, full employment, General Magic , gig economy, hedonic treadmill, high net worth, independent contractor, index fund, labor-force participation, lifestyle creep, longitudinal study, low interest rates, medical bankruptcy, mortgage debt, Mr. Money Mustache, multilevel marketing, obamacare, passive income, post-work, remote working, rent control, ride hailing / ride sharing, risk tolerance, robo advisor, side hustle, stocks for the long run, tech worker, Vanguard fund, work culture

I’ve drawn so much inspiration over the years from Vicki Robin’s foundational book Your Money or Your Life, and Vicki, you continue to inspire me. Thanks for being the original financial independence badass, for teaching me to think about money differently, and for continuing to be the conscience of the FIRE community. Thanks to bloggers Pete Adeney (Mr. Money Mustache), Brandon (Mad Fientist), and Karsten Jeske (Early Retirement Now) for breaking down the foundational concepts on early retirement that inform so much of the FIRE discussion. Thanks to early retirement godfather J. D. Roth for the invaluable book suggestions. And thanks to Robert and Robin Charlton, who first convinced Mark and me that our math was sound and we could actually retire early.

This Could Be Our Future: A Manifesto for a More Generous World by Yancey Strickler

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Abraham Maslow, accelerated depreciation, Adam Curtis, basic income, benefit corporation, Big Tech, big-box store, business logic, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, cognitive dissonance, corporate governance, Daniel Kahneman / Amos Tversky, data science, David Graeber, Donald Trump, Doomsday Clock, Dutch auction, effective altruism, Elon Musk, financial independence, gender pay gap, gentrification, global supply chain, Hacker News, housing crisis, Ignaz Semmelweis: hand washing, invention of the printing press, invisible hand, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Nash: game theory, Joi Ito, Joseph Schumpeter, Kickstarter, Kōnosuke Matsushita, Larry Ellison, Louis Pasteur, Mark Zuckerberg, medical bankruptcy, Mr. Money Mustache, new economy, Oculus Rift, off grid, offshore financial centre, Parker Conrad, Ralph Nader, RAND corporation, Richard Thaler, Ronald Reagan, Rutger Bregman, self-driving car, shareholder value, Silicon Valley, Simon Kuznets, Snapchat, Social Responsibility of Business Is to Increase Its Profits, Solyndra, stem cell, Steve Jobs, stock buybacks, TechCrunch disrupt, TED Talk, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, Travis Kalanick, Tyler Cowen, universal basic income, white flight, Zenefits

and more “How much do you save?” According to FIRE thinking, the point of money isn’t to get rich and buy nice things. The point of money is to create the security to focus on real value in life. FIRE is Maslow’s hierarchy of needs executed with precision. As a popular FIRE writer named Peter Adeney writes on his blog, Mr. Money Mustache: “By focusing on happiness itself, you can lead a much better life than those who focus on convenience, luxury, and following the lead of the financially illiterate herd . . . Happiness comes from many sources, but none of these sources involve car or purse upgrades.” There’s no single figure, organization, or proprietary algorithm at the heart of FIRE.

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highly rated fast-food chain: Chick-fil-A was named the highest-rated fast-food restaurant in the 2018 American Customer Satisfaction Index. $1 billion a year: The estimate of Chick-fil-A’s losses from being closed on Sunday comes from a calculation done by a Quora user, Maxwell Arnold, based on the company’s annual sales. “purse upgrades”: Mr. Money Mustache’s passionate pitch for FIRE comes from a February 22, 2013, blog post titled “Getting Rich: From Zero to Hero in One Blog Post.” “upscale lifestyle”: The quotes about the woman who sold her BMW and the person living below his or her means come from the New York Times (“How to Retire in Your 30s with $1 Million in the Bank,” September 1, 2018).

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See also Future Me; Future Us love, xi, 111–12, 115, 238 loyalty, 30, 34, 130–31, 157–58, 161–62, 202, 213 Lucas, George, 11 MacAskill, Will, 15, 248 Mannheim, Karl, 180–81, 183, 265, 271 Mars Bar (New York City), 45–47, 213 Maslow, Abraham, 111–16, 119, 124, 141, 166, 175 Mason, Andrew, 96–97 mastery, xv, 119, 143, 145, 217, 238 Matsushita, Konosuke, 101–3, 212 Maximizing Class, 75, 80, 165 explanation of, 61–67, 255 influence of, 77–78 values of, 213–18 Mazzucato, Mariana, 78, 81–82, 92 MBAs, 61, 63, 92 McDonald brothers, 53 McKinsey, 61–62, 98 measurement of loyalty, 157–58, 161–62 and medical field, 150–51 for nonfinancial values, 216–17 of progress/success, 23 and sports field, 160–62, 179–80 and values, 162, 215 medicine, 162, 191, 216 gov. investment in, 78 history of, xvi, 146–51, 183–84 and thirty-year theory, 179, 184 Microsoft, 70–71, 109 middle class, 48, 64, 196 Millennials, xiv–xv, 167, 215 miners, 198–99 money, 134, 235, 260 as demotivating force, 117–19 and “diminishing returns,” 114–15 dominance of, xii, 194–95, 237–39, 241–42 and happiness, 109–10, 113–15, 166–68 importance of, xi, 110–16, 141, 168, 236 investment of, 9, 49–50 is all that matters, x–xiii, 9, 23–25, 61, 78, 84, 104, 139, 236 maximizing it, 116, 123 not the goal, 158, 163, 173 restricting influence of, 164–66 saving it, 166–69, 174 Moneyball (Lewis), x, 159–60 monopolies, 162, 196, 238–39 morals, xii, 25, 32, 174, 194 mortality rates, 150–51, 184 movies, xvi, 5, 9, 12–13, 37, 41–44, 46, 134, 136–40 Mr. Money Mustache blog, 166–67 music industry, 4–5, 9, 12, 37–38, 40–41, 55, 162, 175, 263. See also Adele Musk, Elon, 173 Nader, Ralph, 60 National Basketball Association (NBA), 159–62, 179–80 near-term thinking, 236, 243. See also Now Me; Now Us needs, hierarchy of, 111–16, 119, 124, 141, 166, 175 neighborhoods, xvi, 9, 17–18, 44–48, 215 New York City, 4, 44–48, 77, 114, 135, 188, 213–14, 271 New York Times, 60–61, 63, 91, 95–96, 105, 167, 180, 255 Nike, 186 Not For Bread Alone (Matsushita), 101–3 Noujaim, Jehane, 13 Now Me, 196, 218 examples of, 138, 167–69, 172–75, 197–99, 204–5, 211 explanation of, 131–33, 141, 145–46, 197, 207–8 Now Us, 196, 201, 218 examples of, 138, 158, 169, 175, 204–5, 211 explanation of, 131–33, 142–43, 145, 208 nuclear arms race, 27–28, 31 organ donation, 19–21 organic food, 188–91, 265, 267, 269–70 Ortega, Amancio, 109–10 ownership limits, 38–40 Page, Larry, 110 Panasonic, 101–3 Pascal, Blaise, 237–38 Pasteur, Louis, 149 Patagonia, 6, 171–75, 201, 212, 264 Pensées (Pascal), 237–38 Penza, Hank, 45 pharmaceutical companies, 23, 80–81, 249 philanthropy, 6, 170 Piketty, Thomas, 265 Pink, Daniel, 117–19, 261 pleasure, 141, 145, 186, 207, 241 political continuity, 271 donations, 6, 62, 76–78, 80, 83 egalitarianism, 238 elections, 20–21, 75–77, 95, 98 lobbying, 62, 77, 80–82, 170 power, 196, 240, 266–67 population growth, 14, 182 profits, 39, 49–50, 59 distribution of, 67–74, 84–85 increasing them, 40, 72, 82–83, 217 investment of, 71, 81, 194, 215, 255 maximizing them, 23, 27, 61–63, 73, 174 and missions/values, 217–18 not the only goal, 211–12, 214 prioritizing them, 23–24, 27, 42–44, 48, 60–61, 72, 82, 105, 134, 169 virtue of, 60–61, 82, 101–2, 180 prosperity, xii, 50, 73, 101–3, 195–96, 212–13 Psychological Review, 111 public interest, 39, 60, 79 service, 60, 62, 101–2, 216 services, 196–97 public benefit corporations (PBCs), 6, 100–101, 169–73, 210, 264 Pulp Fiction, 136–40, 152 purpose, xv and company goals, 100–101, 217 and decision making, xiii as governing value, 143, 145, 202 as life goal, 91, 94, 119 R&D investment, 23, 70–71, 80, 257 radio industry, 37–41, 44, 68, 83–84 RAND Corporation, 28–31, 97, 130–33, 152, 237 rational behavior and game theory, 29–35, 97, 130–33 and maximizing desires, 116–17, 137 model of, 29–31 and nonfinancial values, 119, 146, 236 See also decision making: rational; self-interest: rational real estate industry, 45–52, 74, 78, 215–16 recycling, 57–59, 187–91, 265, 267 religious faith, xii, xv, 3–4, 143, 174 retail chain stores of, 46–48, 51–55, 62, 71, 83, 196, 253–54 and malls, xvi, 48–52, 54–55, 253 and “no-left-turn rule,” 17–18, 21, 54, 248–49 and small businesses, 46–48, 54–55, 62, 196, 253–54 See also downtown, demise of; internet: retailers on retirement, 166–69 Rodgers, Daniel, 236–37 role models, 92–95, 103 Rolling Stone, 157 rulers/ruling class, xiii–xv, 14, 104, 145, 241 Russia, 98.

Retire Before Mom and Dad by Rob Berger

Airbnb, Albert Einstein, Apollo 13, asset allocation, Black Monday: stock market crash in 1987, buy and hold, car-free, cuban missile crisis, discovery of DNA, diversification, diversified portfolio, en.wikipedia.org, fixed income, hedonic treadmill, index fund, John Bogle, junk bonds, mortgage debt, Mr. Money Mustache, passive investing, Ralph Waldo Emerson, robo advisor, The 4% rule, the rule of 72, transaction costs, Vanguard fund, William Bengen, Yogi Berra, Zipcar

In both of the above examples, we looked at the effect of small changes to your savings over a long period of time—45 years. Let’s take it a step further and look at how saving relatively small amounts of money can build wealth over shorter time periods. And that brings me to the Rule of 752. I learned about this rule in late 2013. I had just started my podcast and I invited a guy who goes by the name of Mr. Money Mustache to be a guest on the show. His story is as simple as it is compelling. He retired at age 30. Let that sink in for a moment. He didn’t inherit money. He didn’t win the lottery. He’s not a professional athlete or a Hollywood actor. He’s an engineer. Well, he was an engineer until he retired.

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Well, he was an engineer until he retired. He started working full time in 1997 after finishing a computer engineering degree. His annual salary was $41,000. A few years later, his wife graduated and landed a job where she was making $44,000 a year. Then, over time they received raises. For 10 years, Mr. Money Mustache and his wife saved and invested. While the amounts varied, at one point he saved roughly 60% of his income.7 One thing he shared with me during the interview was the Rule of 752. (You can listen to the podcast here: https://www.retirebeforemomanddad.com/MMM.) Here’s how it works. Take any recurring weekly expense that you have and multiply it by 752.

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Index 403(B) 61, 97, 168 401(K) 18-19, 27, 61, 64, 67, 80-81, 85-86, 97, 107, 143, 145, 161, 167-170, 172, 174-179, 181, 183-187, 189-191, 195-196, 200, 202, 213-214, 229, 235-238, 241, 243, 245 3-Fund Portfolio 162, 165, 184-187, 191, 246 7 Levels Of Financial Freedom 44, 48, 50-52, 57 4% Rule 50, 59, 63-65, 69, 160 Actively Managed Mutual Funds 140-142 Asset Allocation 190, 195, 201, 246 Asset Classes 136, 157 Backdoor Roth IRA 172-173, 177 Bad Debt 219 Basis Points (bips) 152, 154, 159, 185-186, 191-192, 195-196, 207 Betterment 192, 207, 243 Blend 146, 186 Bogleheads 162 Bond(s) 20, 33, 38, 65, 129-141, 143, 147-150, 152, 157-163, 184-186, 195-196, 201-202 Charles Duhigg 104 Commissions 205 Commodities 144, 147 Credit Cards 4, 39, 96, 105, 202, 217, 226, 235 Credit Risk 133, 147-148 Debt 4-7, 12, 18, 49, 80, 82, 84, 90-92, 107, 135, 138, 202-203, 215-231, 233-241, 243, 246 Debt Avalanche 225, 228-231 Debt Snowball 225, 228-231 Dividend 19, 134-135, 200 Dividends 134-135, 200 Duration 149 Emerging Markets 131, 145, 163 Equity 6, 132, 135, 140, 216, 225, 227 ETF 207 Expense Ratio 152-154, 159, 184, 186, 190-191, 195 Fee-Only 205-206, 208 Fees 123, 140, 142-143, 151-156, 159, 161, 178, 184-186, 191, 196, 205-206 Fidelity 154, 164, 180, 183-184, 186, 192, 195 Financial Freedom 2-3, 5, 7, 9-13, 17, 19, 23, 28, 35, 41, 43-52, 57, 59, 61, 63, 65-69, 71-76, 93-94, 98-99, 115-116, 142, 153, 156-157, 167, 195-196, 202-203, 211, 215, 222, 224, 227-228, 231, 234, 239, 244, 246-247, 249-250 Fixed Income 135 Freedom Fund 10, 39, 45-51, 59, 63-67, 69, 72, 74, 76, 88, 93, 96-97, 117, 119, 184-185, 206 Good Debt 219 Growth 144, 146, 159, 186 Health Savings Account (HSA) 173-175, 177, 179, 182, 189 Hedonic Treadmill 5-6 I Bonds 149 Index Mutual Fund 80, 140 Interest Rate Risk 131, 133, 147-149 IRA 18, 64, 167, 170-173, 175, 177-181, 189, 191-193, 195-196, 200, 238, 245 Jeff Rose 119 Junk Bonds 148 Level 7 45, 47-52, 59-60, 63, 65-69, 71-76, 93, 96, 98, 115-116, 123, 125, 142, 153, 156-157, 168, 176, 182, 185, 202, 204, 206, 211, 213, 215, 222, 249, 251 Load Fees 153, 155, 159, 184, 186 Market Cap 141, 144-145 Market Capitalization 144 Mark Zoril 207 Maturity 136 Money Audit 11, 87, 89-91, 94, 99, 101, 167 Money Multiplier 9-11, 17, 19-23, 26, 28, 31-32, 38-39, 45-46, 50-52, 63, 71, 105, 153, 167, 195 Morningstar 151, 159, 184-187, 190, 195-196, 200 Mr. Money Mustache 32 Mutual Fund 19-20, 38, 80, 139-140, 143, 145-147, 149, 151-155, 157-159, 161-162, 164, 183-185, 187, 190-191, 195-196, 200, 205, 207, 246 Passive Investing 141 Paul Merriman 161 Progress Principle 48, 211-214, 229 Reit 147 Rick Ferri 164 Roth 401(K) 64, 169-170, 172, 174-177, 179, 183, 238 Roth IRA 170-173, 175, 177, 179-181, 189 Rule Of 72 37-38, 40 Rule Of 752 32-33 Rule Of 857 33, 50, 73, 89 Rule Of 36,036 33 Saving Rate 53-55, 57-61, 63, 66-69, 71-76, 85-86, 98, 115, 154, 176, 195, 211, 213, 215, 222, 224 Schwab 164, 180, 192 Slingshot Effect 58-59, 61, 67, 72, 74, 76, 97, 222 S&P 500 136-137, 140-142, 146, 186, 196-197, 199-200 Spending Rate 55, 57-59, 61, 66, 71-72, 74, 98, 154, 176, 222 Stock 4, 20, 33, 38, 64-65, 101, 129-132, 134-141, 143, 145-147, 150-152, 157-160, 162-163, 184-186, 191-192, 195-203, 207, 233, 246 Target Date Retirement Funds 158-161, 165, 184 Taxes 1, 57, 63-64, 66, 143, 169, 172, 174, 178-179 TDR 158, 160-163, 185, 187, 190-192 Ticker 146, 159, 184, 186, 190, 195 Tips 48, 54, 149 Transaction Costs 152 Value 17, 64, 122, 133-135, 137, 144, 146-148, 158-161, 163, 172, 186, 197, 200-202, 220-221, 226 Vanguard 20, 38, 85, 87, 146, 151, 154, 158-159, 161-164, 191-192, 200, 207, 244 Acknowledgments My wife, Victoria, has managed to survive this life with me by her side for nearly 31 years and counting.

Exercise Every Day: 32 Tactics for Building the Exercise Habit (Even If You Hate Working Out) by S.J. Scott

Affordable Care Act / Obamacare, fear of failure, Inbox Zero, Kickstarter, Mr. Money Mustache, obamacare, Skype

Step Three: Incorporate movement into activities you already have to do (or want to do) in your day. For example: • Get exercise while you work or watch television with a TrekDesk or a stationary bicycle. • Bike to work. Anyone can bike to work in nearly any city. Check out this blog series from Mr. Money Mustache that covers how to bike to work safely and efficiently. • Use the 7-Minute Workout app to get in a small amount of exercise first thing in the morning before you even start your day. Everyone can wake up just 7 minutes earlier, right? Let’s talk about this some more with the next solution… You’d be surprised that, with a little planning, you can easily add more movement throughout your day.

Money Moments: Simple Steps to Financial Well-Being by Jason Butler

Albert Einstein, asset allocation, behavioural economics, buy and hold, Cass Sunstein, Cornelius Vanderbilt, diversified portfolio, estate planning, financial independence, fixed income, happiness index / gross national happiness, index fund, intangible asset, John Bogle, longitudinal study, loss aversion, Lyft, Mark Zuckerberg, mortgage debt, Mr. Money Mustache, passive income, placebo effect, Richard Thaler, ride hailing / ride sharing, Steve Jobs, time value of money, traffic fines, Travis Kalanick, Uber and Lyft, uber lyft, Vanguard fund, Yogi Berra

Meaningful Money – https://meaningfulmoney.tv Blogs, videos and podcasts on a range of personal finance issues, presented in a highly accessible and friendly way by experienced financial adviser Pete Matthew. Monevator – monevator.com Personal blogs about ‘money: making, saving, growing, and sometimes even spending it.’ written anonymously by The Investor and The Accumulator for the non-expert. Mr Money Mustache – www.mrmoneymustache.com US focused personal finance insights and information written in a humourous tone Paul Claireaux – paulclaireaux.com Personal financial insights for non-financial people who want to be more confident and capable making financial decisions, written by ex financial services marketing executive Paul Claireaux.

The Complete Guide to Property Investment: How to Survive & Thrive in the New World of Buy-To-Let by Rob Dix

buy and hold, diversification, diversified portfolio, driverless car, Firefox, low interest rates, Mr. Money Mustache, risk tolerance, TaskRabbit, transaction costs, young professional

In fact, when I first drafted this chapter, I based it off saving 50% of your income and had an even more aggressive timescale – because while it may sound impossible, some people manage to do it while still having most of the middle-class trappings (for an introduction to this idea, see propgk.uk/mr-money-mustache). Alternatively, you could start a business in your spare time to generate an extra £1,400 per month. Whether you do it by cutting your spending or increasing your earnings (or a combination), it’s not exactly easy, but nor should it feel impossible – and the rewards are huge. Even if you hadn’t invested in property at all you’d still be doing better than almost everyone else by saving up that much cash – leveraged property investment just pours petrol on the fire.