Episode

#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
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1:57:47
Published: Fri Oct 23 2020
Description

Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost) | Brought to you by Athletic Greens, 99designs, and The Ready StateMr. Money Mustache (@mrmoneymustache — 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, his wife, and their now eleven-year-old son live near Boulder, Colorado, and have not had real jobs since 2005.This begs the question of “How?” In essence, they accomplished this early retirement by optimizing all aspects of their lifestyle for maximal fun at minimal expense, and by using basic index-fund investing. Their average annual expenses total a mere $25-27,000, and they do not feel in want of anything.Since 2005, all three of them have explored a free-form life of interesting projects, side-businesses, and adventures.In 2011, Pete started writing the Mr. Money Mustache blog about his philosophy, which has grown to reach about 23 million different people (and 300 million page views) since its founding. It has become a worldwide cult phenomenon, with a self-organizing community and incredible news coverage. This episode explores his story, philosophies, and routines.Please enjoy!This episode originally aired in 2017. You can find the show notes here: https://tim.blog/2017/02/13/mr-money-mustache/ This episode is brought to you by Athletic Greens. I get asked all the time, “If you could only use one supplement, what would it be?” My answer is usually Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*This podcast is also brought to you by 99designs, the global creative platform that makes it easy for designers and clients to work together to create designs they love. Its creative process has become the go-to solution for businesses, agencies, and individuals, and I have used it for years to help with display advertising and illustrations and to rapid prototype the cover for The Tao of Seneca. Whether your business needs a logo, website design, business card, or anything you can imagine, check out 99designs.You can work with multiple designers at once to get a bunch of different ideas, or hire the perfect designer for your project based on their style and industry specialization. It’s simple to review concepts and leave feedback so you’ll end up with a design that you’re happy with. Click this link and get $20 off plus a $99 upgrade.*This podcast is also brought to you by The Ready State Virtual Mobility Coach. The first person I call for help with my athletic recovery or mobility training is Dr. Kelly Starrett at The Ready State. Kelly is a mobility and movement coach for Olympic gold medalists, world champions, and pro athletes.Kelly created a program called Virtual Mobility Coach. It’s like carrying a virtual Kelly Starrett in your pocket. Every day, Virtual Mobility Coach gives you guided mobility videos. It walks you step-by-step through Kelly’s proven techniques to relieve pain and improve your range of motion. Right now, listeners of this podcast can try Virtual Mobility Coach totally risk-free for two weeks without paying a penny. And after that, you can get 10% off for life. Just go to TheReadyState.com/Tim and use code TIM10 at checkout. Relieve pain, recover faster, and improve your performance in the gym with The Ready State Virtual Mobility Coach. Visit TheReadyState.com/Tim and check it out.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chapters
Tim Ferriss sits with Pete Adney, aka Mr. Money Mustache, to discuss how he and his family retire at an early age of 30 by living optimally with nominal expenses using index fund investing.
00:00 - 01:23 (01:23)
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Personal Finance
Summary

Tim Ferriss sits with Pete Adney, aka Mr. Money Mustache, to discuss how he and his family retire at an early age of 30 by living optimally with nominal expenses using index fund investing.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
Tim Ferriss' 5 Bullet Friday newsletter is a weekly rundown of the coolest things he's found, including apps, books, gadgets, hacks, and more.
01:23 - 07:50 (06:27)
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Newsletter
Summary

Tim Ferriss' 5 Bullet Friday newsletter is a weekly rundown of the coolest things he's found, including apps, books, gadgets, hacks, and more. Listeners and readers have asked for something short and action-packed, and the newsletter delivers just that.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The speaker shares about his love for human-powered grocery shopping, but sometimes needs to use his car.
07:50 - 12:30 (04:39)
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Grocery Shopping
Summary

The speaker shares about his love for human-powered grocery shopping, but sometimes needs to use his car. Athletic Greens is offering a special promotion on their all-in-one formula with free vitamin D supplement and travel packs for first-time subscribers.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
Seeking efficiency in the way we spend money and making sure we get joy out of it can lead to a healthier and wealthier lifestyle, and possibly even an earlier retirement.
12:30 - 18:03 (05:33)
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Cults
Summary

Seeking efficiency in the way we spend money and making sure we get joy out of it can lead to a healthier and wealthier lifestyle, and possibly even an earlier retirement. While it's important to feel virtuous and helpful, it's also crucial to avoid getting caught up in the harmful elements of cults.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The media often misunderstands the concept of extreme frugality and retiring early, assuming an undesirable lifestyle, and not taking into consideration individual situations.
18:03 - 25:28 (07:24)
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Early Retirement
Summary

The media often misunderstands the concept of extreme frugality and retiring early, assuming an undesirable lifestyle, and not taking into consideration individual situations. Retiring early is about maximizing value and not just minimalizing spending.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The host shares the benefits of analyzing one's spending decisions and avoiding choosing the most expensive option just because society deems it to be optimal.
25:28 - 32:09 (06:41)
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Life Optimization
Summary

The host shares the benefits of analyzing one's spending decisions and avoiding choosing the most expensive option just because society deems it to be optimal. He suggests being mindful of how you utilize your available resources to leverage alternatives that don't require consistently traveling around and wasting time in transit.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The speaker discusses how they prefer concise language to flowery prose, and recommends an old-fashioned self-help book from the 1950s called The Magic of Thinking Big as a tool for improving one's outlook on life.
32:10 - 40:01 (07:50)
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Self-help
Summary

The speaker discusses how they prefer concise language to flowery prose, and recommends an old-fashioned self-help book from the 1950s called The Magic of Thinking Big as a tool for improving one's outlook on life.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The speaker discusses how the book has influenced their life and career decisions, and why they feel the need to reread it.
40:01 - 46:04 (06:03)
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Personal Development
Summary

The speaker discusses how the book has influenced their life and career decisions, and why they feel the need to reread it.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The host discusses the impact of lifestyle change towards bike-based transportation and optimizing ways of living.
46:04 - 53:27 (07:23)
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Lifestyle Change
Summary

The host discusses the impact of lifestyle change towards bike-based transportation and optimizing ways of living. He is planning to make his blog more profitable to support his vision.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The speaker shares the happiness he felt from building his own studio, as he believes manual labor and problem-solving are among the most joyful things one can do.
53:27 - 1:00:19 (06:51)
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DIY
Summary

The speaker shares the happiness he felt from building his own studio, as he believes manual labor and problem-solving are among the most joyful things one can do. He encourages others to build their own space, even if it's just a backyard shed or a man cave.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The way parents raise their children and the activities they are exposed to can greatly influence the level of consumerism in their lives.
1:00:19 - 1:05:53 (05:33)
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Consumerism
Summary

The way parents raise their children and the activities they are exposed to can greatly influence the level of consumerism in their lives. Training children to believe that wealth earns the right to buy whatever they want can create a cycle of excessive consumption.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The key to investing is to avoid scams and speculation, and instead focus on solid, long-term investments.
1:05:53 - 1:11:36 (05:42)
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investing
Summary

The key to investing is to avoid scams and speculation, and instead focus on solid, long-term investments. Additionally, it's important to be careful when investing in highly speculative startups, as they can be a risky addition to a portfolio or portfolio of illiquid assets.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
The idea of balancing being a successful investor and a good parent may not be realistic as one might have to compromise in one area to excel in the other.
1:11:36 - 1:19:29 (07:53)
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Investing
Summary

The idea of balancing being a successful investor and a good parent may not be realistic as one might have to compromise in one area to excel in the other. Some individuals prioritize investing and have great success while others prioritize family and personal health, both can be mutually exclusive.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
In this episode, the host discusses their passion for sustainable energy and the world energy balance in addition to their well-known early retirement philosophy.
1:19:29 - 1:25:54 (06:24)
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Sustainable Energy
Summary

In this episode, the host discusses their passion for sustainable energy and the world energy balance in addition to their well-known early retirement philosophy. They also touch on how they allocate their funds toward extravagant vacations through renting properties.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
A discussion on the importance of exercise and the influence of personal circumstances on exercise regimens.
1:25:54 - 1:37:22 (11:27)
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Health
Summary

A discussion on the importance of exercise and the influence of personal circumstances on exercise regimens.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
A man discusses his idea of buying a mobile home to use as a community space where he can teach math and science, play music, and host events for rental.
1:37:22 - 1:41:09 (03:47)
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Community
Summary

A man discusses his idea of buying a mobile home to use as a community space where he can teach math and science, play music, and host events for rental. He also talks about his love for his historic hometown, Longmont, Colorado.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
In this podcast, the host discusses the challenge of finding the right balance between being too satisfied with your life and not doing enough which is a common problem faced by people in early retirement.
1:41:09 - 1:48:44 (07:35)
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Early Retirement
Summary

In this podcast, the host discusses the challenge of finding the right balance between being too satisfied with your life and not doing enough which is a common problem faced by people in early retirement.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
Voluntary hardship can help short circuit the need for more and more, and avoid hedonic adaptation.
1:48:44 - 1:55:11 (06:26)
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Health and Wellness
Summary

Voluntary hardship can help short circuit the need for more and more, and avoid hedonic adaptation. Plus, Virtual Mobility Coach offers guided mobility videos and techniques for pain relief and performance improvement.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show
Learn about the benefits of using 99 Designs, a global creative platform that connects businesses with top graphic designers for their creative projects.
1:55:11 - 1:57:43 (02:31)
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99 Designs
Summary

Learn about the benefits of using 99 Designs, a global creative platform that connects businesses with top graphic designers for their creative projects. Also, get personalized branding advice by booking a free design consultation with a brand expert over the phone.

Episode
#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
Podcast
The Tim Ferriss Show