Mr. Money Mustache retired in 30+ years

Mr. Money mustache

In 2005, the blogger and popularizer of downshifting Mr. Money Mustache (he prefers not to disclose the real name) retired at 30 years old (he doesn’t say the exact age either), having accumulated $ 600,000. Percentage of this amount is enough to live the rest of his life traveling, raising children , favorite activities and rare sidework "for the soul."

The concept of financial well-being Money Mustache formulated in his blog , which in recent years has attracted many adepts. The main task is to save 50-90% of salary to a personal “pension fund” every month.
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Mr. Money Mustache has been blogging since 2011 and teaches how to control spending and make good habits.

He calls not to spend money on trifles: you don't need paid entertainment (you can have fun for free just as good), you do not need to go to restaurants, take loans and spend money on bad habits. You should stop drinking and smoking, reduce the cost of clothing, do not buy junk food (carbonated drinks, chips, sugar, etc.), and form a community of friends living nearby. Another principle is to move from consumption to creation, that is, instead of consuming things / content, create them yourself. Good examples are cooking, photography, caring for a house, garden or car.

If you follow these principles, the author assures, it is quite realistic to save up to 90% of salary to the bank or to reliable securities. Mr. himself Money Mustache and his wife (both working in the IT industry) were able to reach savings of $ 4,000 a month and then $ 7,000 a month in the early 2000s.

Mr. Money Mustache encourages you to record your financial expenses and analyze every purchase: is it really necessary?

Recently Mr. Money Mustache gave an interview to Mashable, in which he talked a little about his current lifestyle and shared a few thoughts on how to achieve a savings level of 50-90% of salary. Interestingly, the author of the blog, even after retirement, practically did not change the usual way of life and still tries to spend money in the most optimal way, rides a bicycle and tries to devote a couple of hours every day to physical work.


Mr. Money mustache

If you work in a well-paid job and put off most of your salary, you can secure your retirement after about 10 years of work experience.



Dear megacities like NYC are even better suited for this, because they provide more opportunities to save money.

Mr. Money Mustache offers the following formula for calculating the size of the “airbag” that you need in order to quit your job and live on interest: the accumulated amount must be equal to the sum of expenses for the year multiplied by 25 ( 4% rule ).

It should be noted that after “gaining freedom”, no one bothers to receive additional income by small part-time jobs, if they are itching to do nothing. But this will be work for the soul, and the income earned is just a bonus to the existing security.