joining me today is mister money mustache also known as pete he is the
blogger at mister money mustache dot com pete i came across your blog i don't
even know how to be completely honest but
uh... i got hooked on it and i've been reading it for a while to do you
consider yourself a personal finance blogger a a common-sense spending
blogger like how do you describe yourself
now well thanks for being rewritten honor to have you mama among us somehow
don't even know what kind of bodies but i've heard it's call it personal finance
blog
artist get my main topic is finance and really retirement
bus had branched out to become more of a lifestyle design blogging everywhere
it mister my moustache just tells you how to run your life basically in many
branches out in
okay usually into tower unaware of how to run its life alright so the the
writing style is very entertaining if there's a lot of profanity sometimes
that used and and i'm perfectly fine with that
and how did you develop this kind of conversational writing style when you're
you talking to people about pretty serious stuff right
can you retire early if ever uh... how can you afford sending your kid to
college and it's pretty serious stuff but you do it in a way that is
acceptable as this does this come naturally to you
yes definitely not trust out because i'm writing to uh... my readers like all the
mustache inside just imagine that i'm sitting there
at their kitchen table talking to use so
i'd just say you use words like alright
where you are we
because were kind of all of the family were all just doing stuff together and
that something that i've always
deflecting serious stuff later went to engineering the text books and i feel
that the most dr rediculous stuff like
the reader will verify this on their own
sought this is a reaction against that style i think everything should be
direct instruction should be easy to follow
and this is just the we should just be like to convert tation
look into some of the meat of what's in your blog rated you talk a lot about
uh... a lot about spending what are some of the ways that people are just
literally throwing money out the window the most common ones
that they don't even realize how it's really adding up and also talk about
anytime you talk about weekly or monthly expenses tell the audience
how you think about those small expenditures long-term to really kind of
contextual as that
now they're all sorts of questions i guess member women's wear iseries money
going in and uh... it's just flying in thirty years and here in every direction
people i realize that iming in this country the u_s_
anyone who makes more than forty thousand bucks a year maybe even thirty
should just be rolling money should be impossible to have a shortage
and that's the uh... an upper middle class that are making like a hundred for
family
they should all be able to retire just
in a few years of his watch where they want to get into the specifics
most people just burn
tons of money in the car is nonetheless
live thirty miles from working
commute in a server lake tahoe not even realize
how much that's costing them not because i think in on a weekly basis for a
monthly basis
but our neighbors people i think on a ten year basis minimum so weekly expense
cdm multiply that by something like seven hundred and fifty
to take into account the fact of uh... if you did not spend that every weekend
if you invested in it even might have moderated return
you're gonna end up seven hundred fifty times a bigger number
so anyway if you think of anything ten years and i want to let you get all that
mean you realize
ten years in very long letter goes to
several periods of ten years
stands i even became an adult so this this stuff really add up to seattle
might not realize that they get eighty five right
yet and i just breaching his youthful physique by uh... you know what to make
some not sitting in office all day so
that's when the secrets to really retirees you never teach yet so let's
talk about that a little bit they could not about the not aging but
you know if when i read your blog it really made me rethink some of my
spending i think i'm pretty good as far as i don't go out take eat more than
just kind of some basic amount that i said allocated this amount of money
i get a certain enjoyment from having a certain number of restaurant meals that
allocated to specific amount of money
but then you don't think about ok here at work it's much easier instead of
packing a lunch to actually just walk out and spend twelve bucks on a lunch
down the street and if you think about one ten dollar lunch a week
over ten years just
throwing that money into an index fund and earning
conserve it was seven percent you talk about seventy five hundred dollars that
you could have put away his mind and is my math somewhat right
that's about right and that's not even counting the ridiculous stuff like river
and its gets in their cv and rise to that
applebees or whatever and and that's like another got out without applebees
proficient
barrera note to the same for about a third party these days it's always on
the front of my can experience their distance calories
usually bonds are crappy white bread stuffing
burning off their money mustaches as we would send the block
burn off alcott's a cash just going out to lunch and map
that need to realize you were twenty seven aggressions meal which isn't easy
if you do something because it's the easiest is the amount of because
in general you should be looking for the hot ir para
because quite
i want to read a heart attack was usually
which make one exp happier because you get better or something like so for
example thinking in advance make me want to bring it to work or at least biking
so the restaurant if you're going to work
that's harder
and that's better known as a concept they like to call badass city
because of something
his bass a means of debt
you know they've got the power the stuff themselves with
but it'll just take the easy path and
turns out the hard copies of makes a richer
and also makes you happier
so let's talk specifically you know what you said anybody making over forty
thousand dollars a year really should be saving just ton of money now a lot of
people here that and i'll say wilson
i don't think i have too expensive of a car i i didn't have the cash to buy it
up
i got a six thousand dollar karna making payments on it
and i've got two fifty a month and student loans and then i've got a
campaigned for and blah blah blah blah blah the forty thousand year which after
taxes it's much less than that
i really just a not finding anything more that left after what do you say to
people who who who have that point of view
gyro it's easier to doesn't see how things start to siem
tricky when you're diving into a whole already like if you've got a car payment
which he shouldn't have
then minsk
less canfield harder if you've got a kid
you know when you're really young men that that's another
step down but you can you're in a hole right now you can do it yourself back i
would like uh...
you don't have to have children super super young medium mobile if they do
yeah well
like my producer said my producer for example
liberty sir isn't planning on having children but he said you know if i
accidentally had a kid right now i would probably love the kid therefore he would
provide for financially making up the ideal thing but let's say you have the
kids
well is usually
some hidden stuff when these people sent in case studies like my sounds hard
answers
does that then you find out
live thirty miles from work
just because they didn't realize expensive driving laws were they spend
maybe six hundred dollars a month or groceries for just two people
when mad just because they happen to like
all students at a cost him his devise a little details
and if you start looking into it
and maybe they need a drive their car to the grocery store when their memories
you miles away so
bunch of small changes like this that are just how much the time
uh... can end up becoming tens of thousands dollars
and preceding your own forward
run treadmill instead of a backwards one so
a lot of the situation doesn't sound as as tall to me was deemed to meet us
as it does on the surface whatever here and people who made out this you
actually have a forum on mister money mustache dot com and people can actually
post the situation in both you and other readers will actually help people to
figure out
where they can find savings to try to get on the forward treadmill is that
right
that works really well just break down your budget
and just say where you're spending money then people will buy it and say well did
you know that you don't have to spend two hundred dollars month on the cell
phone or
no you don't have to have a
seventeen thousand dollar car when you're in debt
stuff like that yeah phone numbers
let's talk about my cable tv and internet as i read your blog post about
listen
if you get rid of cable tv and internet which a lot of people pay a hundred
haven't and having twenty bucks a month if you think about that annualized over
ten years you talking about something like twelve thirteen thousand dollars if
my math is correct something like that
now either working in media myself
and have it working in video i definitely need a fast internet
connection at home
and i'd also need to be able to monitor what's going on in the news because
we're doing in news show here so
how can i reduce my cable and internet bill which as you say it's like a
hundred and twenty three dollars every single month i looked it up there
yeah well that's kind of silly question because you david pacman so you got to
your in media so that's a tool that's like me
mister we must as i have to have a computer and internet access
if i wanted this job
and i also have a carpentry business on the side and you know i don't complain
about the fact that i have to on i'm a stable saw cells are okay so i still
feel bad and versus towers yeah on the other hand if that person that you'd ask
me about a minute ago at the forty thousand dollar income
as a cable t_v_ package then they got a
have a serious talk with mister my moustache because uh...
rejoicing watching tv if you're in debt coming his way better stuff you can do
anytime
them in the world is so full of fun and useful stuff you can do that
t_v_ should just be one twenty seven watching
sort this out to be way down
at the bottom of the values
time prior to my agri agee benefit it's easy to some money to you but going to
find even more important t_v_ i mean
i mean our time so precious i can't
i wanna see another commercial my life about nine years without seeing one
because uh... love my marcos' days of the moment armaments of the day
alright last thing i want to touch on is there some
counter blogs personal finance blogs which don't really like your strategies
right they say listen
the mister money mustache strategy
of training thirty cents off of your gas bill and saving eight dollars here in
their it will save you money when u advocated over the long run but it's
gonna negatively affect their happiness if you constantly worrying about every
single penny that's not the way
how do you respond to those critic
now first of all i think those people who are still addicted to spending now
on the peace talks a lot of t_v_ and ask
it's easy to get addicted just
anonymity
some people actually think that not having
the big t_v_ are not having luxurious car will actually make them less happy
and that's actually bureaucrat
the the more you do for yourself
and the more you figure out your own problems are happier yet so consumer
spending
no connection with happiness at all that you just gotta
it takes a while program itself to realize that once you do then you're
free
now you can choose our spending consciously
and you not denying yourself anything that's number the point number one
number two with a lot of those bloggers
aren't even retired is still working for a living
telling me who's been retired for her
eight years i have a similar material lifestyles of them have this nice house
have carved by carrying
it really is a comes down to the number is uh...
it's not thirty cents a three dollars it's the savings rate if you can save
fifty percent a take-home pay
you're ready to retire
in seventeen years of work if you start from zero one abusive more than your
career communes order
so i think people in staking rethinking
three dollar losses are nothing but really what i'm talking with to divall
lifestyle
all your spending falls away
except the important stuff like
what really seems to be happy like living in a comfortable place and fruit
and i don't really do in the pics
just go do the numbers
all right we've been speaking with pete also known as mister money mustache the
website is mister money mustache dot com
by it had a great time every time i have a you are free fifteen twenty minutes
i'll read a few your blog it really is great so thanks so much for coming on
and i hope a hope the audience checked out your website
all right thanks a lot
okay let's take a break we'll be back with play more after this