62% of Americans Have Under $1,000 in Savings, Survey Finds

Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by whyleyc on Thursday October 08, 2015 @03:34PM (#10355474)

Of course you can't have a world where everyone becomes a landlord, but that doesn't mean this is a completely invalid form of income generation for some people (that's the benefit of being able to take a nuanced view of advice from others).

It seems like you are being reductive and misleading in characterising his position - First you argue he won't dare talk about rental income, then when examples emerge of him doing so you say that he is exhorting everyone to do it!

MMM talks at length about other sources of income generation too, but let's just ignore those:

* Stocks: http://www.mrmoneymustache.com/2011/05/18/how-to-make-money-...

* Peer-to-peer lending: http://www.mrmoneymustache.com/2013/08/26/the-lending-club-e...

* Carpentry: http://www.mrmoneymustache.com/2012/04/27/nicer-legs-and-som...

As for frugality this may not be a path to financial security for many but it sure is a refreshing departure from the "more, more, more" of modern life.

[ Parent | on HN ]

Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by branchless on Thursday October 08, 2015 @03:46PM (#10355574)

No the more, more, more is from the rentier. They set the rent not at the cost to deliver but at the cost the market will bear. Which is the money left over after food/fuel which puts everyone living hand to mouth with no money in their savings accounts.

God he does p2p lending also. Yuk.

However let's get this straight, there are plenty worse than him out there but I do hate to see his holier-than-tho "be frugal" when in fact he's a rentier who can be "frugal" because he's a rentier.

[ Parent | on HN ]