Re:Mr. Money Mustache’s retirement (sort of) plan
by morgante on Monday February 22, 2016 @08:41AM
(#11150690)
> Just curious, are there any anti-mustachians who 1) bust ass to maximize earnings, 2) have unabated spending habits, 3) believe they are happier to live such a lifestyle?
I'd classify myself as a bit of an anti-mustachian in the sense that I pay 0 attention to 99% of purchases. I don't think twice about going out to dinner regularly, buying a round of drinks, or going on random trips. It's rare for me to look at a receipt.
Despite spending freely, I still manage to save around $80-100k annually.
Increasing earnings is far more effective than trying to minimize earnings. Trying to cut your spending by 25% is pretty challenging, but making 25% more is totally doable and often involves just getting a few competitive job offers. As Ramit Sethi sometimes says, skipping lattes never actually lets someone retire early.
A lot of the things MMM recommends are actually economically irrational for developers (unless you enjoy them). Why would I ever cook when I can earn $150 from the equivalent time and get a nice meal delivered for $20?
The only bit of spending I pay attention to is rent, because that can eat up a huge portion of your salary if left unchecked—particularly in the places with the highest salaries.
I'd classify myself as a bit of an anti-mustachian in the sense that I pay 0 attention to 99% of purchases. I don't think twice about going out to dinner regularly, buying a round of drinks, or going on random trips. It's rare for me to look at a receipt.
Despite spending freely, I still manage to save around $80-100k annually.
Increasing earnings is far more effective than trying to minimize earnings. Trying to cut your spending by 25% is pretty challenging, but making 25% more is totally doable and often involves just getting a few competitive job offers. As Ramit Sethi sometimes says, skipping lattes never actually lets someone retire early.
A lot of the things MMM recommends are actually economically irrational for developers (unless you enjoy them). Why would I ever cook when I can earn $150 from the equivalent time and get a nice meal delivered for $20?
The only bit of spending I pay attention to is rent, because that can eat up a huge portion of your salary if left unchecked—particularly in the places with the highest salaries.