How 'Mr. Money Moustache' Retired at Age 30

[@fataznboi911]

I believe this video was only 6 years ago. I remember thinking this was going to be impossible for me. Now I'm retired after investing 50% of my income.

[@HateTheIRS]

If you don’t mind me asking, what is your net worth, in stocks? My goal is 1.5 million, after buying a house in cash. What was your goal?

[@fataznboi911]

@@HateTheIRS my net worth is 800k but my goal was $600k or $24k a year

[@HateTheIRS]

@@fataznboi911 do you withdraw 4% a year, or do you live off of a 4% dividend instead? Personally I like dividends better. $800,000 is a lot, but it’s not a lot a lot, But if that suits your lifestyle, that’s great.

[@fataznboi911]

​@@HateTheIRSI haven't withdrawal anything because my side projects are providing enough for my lifestyle. Right now I'm not worried because I'm in my early 30's but I'm projected to be at least decamillionaire at traditional retirement age of 65. If you are young start taking asymmetrical risks with a small % of your net worth.

[@sergeimaslovskiy]

Oh wow!

[@Dynamite-zj6bh]

Breaking all the stereotypes and not caring about what the society thinks , living his life happily what else he still needs 🙌

[@Dogbullet]

I love this. A millennial version of the Dave Ramsey philosophy. And retirement isn't stop working altogether; it's doing what you want to do that makes you happy, hence the blog, carpentry, etc

[@Raymondjohn2]

40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[@TheJackCain-84]

I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.

[@martingiavarini]

Vey accurate from your POV, It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your goals

[@bob.weaver72]

wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@bob.weaver72]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@bob.weaver72]

Carol Vivian Constable’ is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

[@thisis675]

Honestly no one should hate on them. The corporate world will eat you up and sh*t you out and have 0 loyalties to anyone most of the time. If they don't have to live that life great for them! Be with their kids and do what makes them happy and fulfilled.

[@masterofnone597]

i am retired at 32, i cant find employment.

[@giggityeffyou]

Keep looking for jobs and find ways to make money in the mean time. Or move to another state.

[@insidmal]

+Master of None In this economy? Have you tried moving? You can't NOT got a job here in Oregon, people are fighting to get employees, even putting up billboards trying to get applicants...

[@giggityeffyou]

+John Bell .... I'm not one to make excuses but I do have a job right now and I'm looking for other jobs that pay more. Or similar with less wear and tear on my body. It's hard finding the right job. I do get calls and if I was THAT desperate to leave my job, I could easily find another job but the jobs I really want aren't calling me or have me wasting time on interviews. So I could agree that finding a job isn't all THAT easy and I actually have a skill. If someone is unemployed and NOT collecting... They should find any job they can on indeed, monster, career builder, etc and go make money. Sitting at home isn't making you anything. If I was collecting, I'd milk the system. Fuck it. I can make money at home or online

[@bradleymyers974]

You're unemployed, not retired. Good god, don't make this worse.

[@bradleymyers974]

Beautiful! haha. Sadly, that actually makes more sense to me that the BS Pete claims.

[@r3v001]

Retirement to me is not about "not working" it's about the freedom to live my life purpose, which sadly conflicts with how society is set up. In reality you have to do what others want before you can do what you want.

[@studiocorax8790]

In this case "financial independence" is less confusing.

[@nicklespale22]

are you joking!? *Society is setup so that you can do what others want, and then you die.

[@jasoncummings7052]

So true

[@mumtazsuleman3310]

Nickle Spale w

[@mumtazsuleman3310]

Jason Cummings z

[@CodyDunlap]

That's awesome. Truly inspirational. My fiancé and I are 24 and working towards this every day!

[@Westcoastguy]

Having a house paid off does wonders.

[@kkknotcool]

Buying a bare necessities house is the best financial decision anyone could make.

[@krzysztofp7846]

its so easy now, belive and do it

[@frozenrats]

it does and the video stated him and his wife worked as software engineers through their 20s. I do mechanical engineering myself and its totally doable if you’re committed to your profession and save enough.

[@miles24yo]

Better than joining one of those pyramid schemes that promise financial freedom 😂😂

[@Dogbullet]

💯% truth preach

[@sabrinatatalias4277]

Pyramid schemes are usually scams that het people in debt...not all, but take for example LuLaRoe...

[@waaazupd1948]

The only financial Freedom they promise are for the ones above you

[@Melissa0774]

Yeah, that business model hasn't made sense in at least 100 years. I don't understand how more people don't see that.

[@SnipeU696]

I needed this about 15 years ago...

[@mrod6772]

rigth, me too 15 years ago..

[@kkknotcool]

I hope you read this post in 14 years.

[@jorgeaparicio3965]

Love this guy! Most Americans save 3 to 5 percent. Saving half or more is the way out of the rat race. I found him 1 year ago, just after my 49th birthday. Very late in life but philosophies has helped me plan for my upcoming career change into a career I love! Thank you MMM! You are an inspiration to us all!!!

[@dustinseth1]

This dude is a consistent inspiration to me on frugal living.

[@Aziz__0]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.

[@devereauxjnr]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@NotyourBusiness-urto6]

@@devereauxjnr I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@MrGravity304]

@@NotyourBusiness-urto6 I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@NotyourBusiness-urto6]

@@MrGravity304 The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with "NICOLE DESIREE SIMON" for about three years now, and she's made decent returns. If she meets your discretion, then you could go ahead.

[@MrGravity304]

@@NotyourBusiness-urto6 I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.

[@JeffreyGillespie]

"Comfort is expensive, slight discomfort is cheap." That's exactly right. I live in a tiny microstudio (180 sq. ft.) and it's slightly uncomfortable, but my friends in the exact same neighborhood are paying more that double the money. Forget it! :)

[@ozmanfidaar6311]

Most of us don't even have time to enjoy the luxury of large homes. Then why pay for it?

[@mugumyapaultheafricannomad9488]

Jeffrey, you're smart.

[@DanKirchner5150]

Now at age 30 I'm officially retired living in a van by the river doing motivational speeches in the evenings at the hi school gym

[@lancebaker1374]

Retired and homeless? Bully for you.

[@stellamaris400]

Maria Stella Lol Dan K. Taking that from SNL. LMBO

[@mjohnson1741]

@Angelina Not everyone is interested in living a traditional lifestyle.

[@champfisk5613]

😂

[@rawjor]

so basically homeless - motivational how?

[@GoodwalkSpoiled]

Nice alternative to being burdened by consumer debt. The luxury cars, living in large houses, wasting space and utilities is absurd if you don't have lots of $ and for many it's stressful and miserable. You can live extremely well on average income if you put your mind to it.

[@SirRelith]

I like how they just glaze over the part where both he and his wife were software engineers with an annual income of $130,000...

[@stupidsmartperson]

B E wrong. That was their combined income in their final year- not their average income. He breaks it down on his blog, their average income was $65,000 each for 10 years. That's not too hard!! Almost any career will get you to that level

[@colorfulcodes]

The average college graduate in the USA makes 45k a year in their 20s, by 30 that should go up. They made 65k each, thats amazing

[@jonathanjacques7250]

Yes yes I agree

[@jj7958]

haha just a little tid-bit.

[@kkknotcool]

That's 63 grand a year. The average American makes 60 grand a year. They are what 7% or 8% above average. They are basically average American's. Anyone who wants to can make 63 grand a year.

[@briethompson439]

I LOVE IT! I believe in debt-free living too! so much respect for this family! :D

[@williamramos3350]

This is something I wish I knew when I was much younger. Was a victim to all the financial traps society had to offer. Since turning onto a minimalist. I can already see the benefits from not following the consumerist herd.

[@BFArch0n]

Man, if I could have learned all this stuff at 17....FECK

[@cherrycooper5690]

Firstly, ignore all the ads - money does not buy happiness. Secondly, live off 50% of your wage - INVEST the rest and you'll have enough to retire at 34. ("retire" meaning the interest you get paid every year from your investment will be as much as that 50% you've been living off - then you can quit your job if you want, or just work for fun like Mr Money Moustache does - and that money you've invested will keep paying for your life. forever.) Consistent saving and a butt load of time are your secret weapons. Here's his blog: www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/ Here's a retirement calculator to play around with: networthify.com/calculator/earlyretirement?income=24967&initialBalance=0&expenses=12484&annualPct=5&withdrawalRate=4 Good luck!

[@Hitman-tk6en]

It's 16 years on 50/50

[@MoonLiteNite]

. Hitman that is provided the market does 100% as expected. You never get a raise, you never get a bonus, and you never get any overtime

[@pandukawb]

yeah, now I'm 25 and still fucked up!

[@whitetiger1442]

DFKnightmare im 17 but i was planning on doing the same before i heard about this guy

[@joelfick]

This guy makes alot of sense

[@MrPinoCavallo]

Most people don't understand that property causes running costs that -in the end- leads to unfreedom. It's better to possess as little as possible, so that you can safe your money for your early retirement.

[@Silmerano]

The right Rental property in the right area is very profitable.

[@RogueTravel]

This type of thinking means that you are forever tied to the rental market. A 15 year mortgage means that you will have fixed costs.

[@lancebaker1374]

"unfreedom"????? Which dictionary has that as a real word?

[@ripplerfx]

This guys got it. He cracked the code! Much respect MMM

[@MH-ru8he]

When you're making $130k in household income in your 20's it's not too hard to accumulate $600k. Most households in their 20's are lucky to make $60-70k.

[@videostartsat4464]

There is nothing lucky about choosing a career that pays well

[@MH-ru8he]

Video Starts At "choice" and "aptitude" are two different things. Not everyone has the bent towards lucrative skill sets. There is some element of luck if you're born with a mind that is proficient in computer science or parents who push you into a lucrative career. Success doesn't just happen in a vacuum of a person's own "choice."

[@shady610]

Stone H excellent point.

[@ktlee964]

Hell i am 27 making 34k in TN small town but it’s still good money and I work for the state!

[@kkknotcool]

I like how whenever someone is bad at anything, it all of a sudden becomes luck based.

[@stevegrayson4124]

I did it too making just $35,000 single bread winner & family of 4. Retired with one million at age 57 and took Social Security at age 62. Now have $60,000 a year to spend each year but we can't even come close to spending that much. The money just GROWS too fast now. My wife is a nurse but retired with our first child's birth. Had she continued to work just a few more years, I too could have retired much sooner. I felt it was more important to have her at home with our children.

[@samarman1634]

Key to retiring at age 30? Save what normal people can save over the period of 80 years, within 10. Sounds easy enough

[@kevinszhere1]

Sam Arman you’re just poor, get a job noob

[@SweetEssie]

Make sure you have a job that puts you in the position to do so

[@3star2nr]

Sam Arman its called getting a degree and marrying the right woman

[@ariefraiser140]

According to this video their combined income was $134,000. I know individuals that make that alone and are still in rough financial shape.

[@lancebaker1374]

They must be idiots.

[@typhoon320i]

My hat is off to this guy.

[@lancebaker1374]

Put your hat back on and stop praising the privileged few who have a top college degree, high salary, and "manage" to live on only $60,000 each year to save enough to retire early.

[@ninacarter7457]

@@lancebaker1374 wow jealousy will kill you

[@lstruggy]

And here I am 11/6/18 STRUGGGGLING just to save up $1K to buy a 70” tv for black Friday. But after watching this guys story I’m having second thoughts on spending that $ to a plastic rectangular box that lights up 🤔🏦⚖️

[@deeseant]

@@ninacarter7457 no jealousy thats pure realism

[@jenniferlynn329]

I'll admit.. I'm jealous. But I also don't have family income of 130k per year. Of course I'm jealous.

[@jeffcox6539]

Here's his secret. Step 1 you and your wife get high pay jobs and save half your income. Step 2. Live cheap. Step 3. Make side money telling everyone how to retire early.

[@blyat4842]

wow how amazing haha

[@dancer1]

They live in cheap town and work in a town that pays well.

[@surajpanigrahi6540]

You have cracked the code. Step 3 is particularly important.

[@dancer1]

Suraj Panigrahi lmao

[@nickyricky4u]

He retired before he started making 400,000 a year off his blog. All he and his wife did was save nearly all of the income that was nonessential to make yourself happy in life

[@trevor6607]

I follow this guy. Trying to work my way up to minimum 50% annual income savings right now. Financial freedom is the goal!

[@Zeric1]

50% is difficult, but do what you can. Being frugal isn't enough, be sure you are doing the other half of the equation that the video didn't talk about. Use money to build an asset base that generates ever increasing passive income and let it compound for 10-20 years, that's an important part that people sometimes miss. Invest your time in learning how to invest your money.

[@usmc2msu213]

Retiring young is an awesome goal, but where do you get health insurance? It's extremely expensive and if you go without it...well that retirement nest egg could be gone in no time.

[@leveraged6694]

Yourtube User Just a jealous Republicant. Yeah let’s spend $60 trillion on the military that makes a lot of fucking sense. I’d rather have health insurance. If you don’t make $250,000 a year why are you a Republican?

[@MrWhite-pn7ui]

+Leveraged Because I'm sick and tired of paying taxes just so deadbeat losers like you can sit around and collect welfare. Get a god damn job, libtard.

[@theAppleWizz]

hahahaha you do understand that the tax cuts that republicans support are only for people making more then 70K or 130K combined. In the new tax bill you would be paying more then you currently do after the first 4 years by about 10%. So if you think because you vote republican you will pay less taxs your just being fucked all over

[@MrWhite-pn7ui]

+theAppleWizz That's another libtard myth. Every tax bracket saw a cut.

[@theAppleWizz]

If you consider $50 a year a tax brake for people making 65K or less is a tax cut then you are more pathetic then I thought.

[@Novaximus]

well, being a software engineer and having a spouse who is the same pulling in like 140k a year and having 600k set aside in investments by the age of 30....I mean jesus. I'd retire too.. they did all of the hard work. It takes most of us much longer to make that kind of money.

[@glimpseofbarry]

There are still a high percentage of Americans who earn 6 figures a year but still live paycheck to paycheck and have high amounts of debt. It doesn't matter how much you earn what matters is what you do with what you earn.

[@JK20239]

There combined income is 140k.

[@se7enzee444]

He's semi-retired. He's blogging and generating $$.

[@밀키웨이-p3u]

I'll ask you something. help me In what city does the MMM family live?: From the list of all posts, complete this phrase: Luxury is just another ______: I want to join, but it keeps getting wrong.

[@se7enzee444]

I don't know. But since the big house that they bought was only $200k, we can rule that they are not living in NY, LA, Chicago, and San Francisco. I'd say it's somewhere in the midwest like Kansas or Missouri.

[@밀키웨이-p3u]

thanks

[@se7enzee444]

I found it. They live in Longmont, Colorado. finance.yahoo.com/news/how-i-retired-at-32-191840012.html

[@TheSnookerGym]

Or, rather, NOT generating $$!

[@draytonwifecooks]

I'm really glad for them! :) However, it certainly helps when two people make six figures! It's super easy to save half of your salary and work from there. It also depends on where you live and cost of living in your area. I'm not saying it can't be done. You can do whatever you put your mind to, IMO. But his principles for living are awesome and it's wonderful to see someone be happy and enjoy their lives as it pleases them. Blessings!

[@briethompson439]

+Mikki Taylor their COMBINED salary was $134,000. They each made $67,000 a year and did this in 10 years. If you make half that then do it in 20 years.

[@draytonwifecooks]

Brie Thompson In my comment 'when two people make six figures' was meant to be understood as combined. I wasn't saying they each made a six figure salary.

[@stevehill5376]

Mikki Taylor

[@gagnonsmith5912]

Good one am looking forward to retire in a year or two, having saved up to $7000k in the last 3 years of investing in forex and stock market.

[@andrewnewman2516]

Interesting, how old are you?

[@philfletcher7477]

you must have acquired a lot of experience in the currency market, I trade also but I really find it difficult to make profits

[@gagnonsmith5912]

.. im 34 and still working on some investment opportunities against my retirement.

[@gagnonsmith5912]

.. I my trades are handled my a professional trader "Mr Stephan Briggs" , he trades on my behalf due to my tight schedule..

[@oliverspencer6743]

you must be lucky to have a good trader. Mine only made a huge mess with my money

[@dasilvajrdominick]

He didn't retire. He found a way to get people to go to his blog, which has paid advertisements.

[@beachgointime4169]

They saved enough money from working to retire indefinitely. What he chooses to do with his time now is irrelevant. Yes his blog success IS a stroke of "Luck,"(Mixed with a lot of effort, have you tried blogging?) but that misses the whole point: His success wasn't luck, and happened before he made his first blog post.

[@ozmanfidaar6311]

​@@beachgointime4169 Consumerism is an ideology now globally. Everything we touch is tied to it: our rights, labor, politics, education, marriage, virtually every facet of our lives is controlled by it. This man is swimming against the current of mass consumerism--at the cognitive level. So, some dismiss him as a charleston, because what he's doing /saying is beyond the current prevailing ideology--consumerism. It's like going to the Soviet Union in the 1960s and trying to breach how bad communism is.

[@librarycardholder4908]

I'm a single black man and I would remain a single black man if I bought a 10year old Scion. Lol. However I do like his overall views on money.

[@ozmanfidaar6311]

10 yr old Scion could help you in selecting a mate who wants you for who you are and not the size of your checking account.

[@mahed5807]

I agree with the comment above. The cheap car will only send the right person your way.

[@librarycardholder4908]

Your are right however cultural it would be a struggle and its going to be hard to find that cute blackwomen with a financial conservative mindset unless its her idea.

[@mahed5807]

@@librarycardholder4908 hahaha "unless it's her idea" that's funny and true! I think black women know a thing or 2 about frugality. As a black woman myself, I'm glad to be frugal by choice.

[@librarycardholder4908]

You are frugal,however as a whole its hard to convince blackwomen to be frugal. Unless the man is the bread winner and says "this is the direction our family is going financially". Or produces a 6 figure bank account from being financial frugal.The women may then get on board. At the end,it shouldn't have to be all of these variables in place for us to be on the same page, when it comes to our financial future.

[@jgg204]

lol the most important aspects left out of the puff piece video: His parents paid for his school so he had $0 in student loans upon graduation with a Computer Engineering degree, within a few years was making well into the 6 figures. He started at the top of the ladder, snagged properties when they were dirt cheap, rode up a massive bull market with his investments, all he had to do is live modestly from then on out until he hit that magic number. No one will be doing today what he did, good luck getting a start.

[@cesarsanabria5153]

Best advice I have ever seen. One of the reason I broke up with my dentist girl friend is that, she thought she was going to be rich with 450k debt, and still bought a 40k car and was planning on buying a 500k house to have 3 kids. I guess I did not do wrong in ending up the relationship.

[@swissladydriver8980]

What she needed was a richer man, so it was good that you all broke up.

[@EddieLeal]

Do without the "nice to have" things now and save/invest so you can enjoy those things later.

[@clutchcargo2419]

Great vid. I quit an office job - started driving an 18 wheeler and lived on it . for a single person doing this you can get rich. Imagine making 60,000 to 80,000 and having no expenses. Next thing to do is become a subscriber to the motley fool.

[@kimsy520]

Forget Lifestyles of the Rich and Famous. This is my American Dream right here. ❤️

[@sweetstorm7652]

What’s the point of retiring to a life of frugality? I’d rather work and enjoy a great lifestyle.

[@TrailTribune]

This guy didn't retire, he just dropped out of the cubical workforce. Instead of working 9am-5pm (more like 7am-7pm when accounting for traffic and overtime) like Peter Gibbons at Initech, he's now an entrepreneur running his own blog and hosting seminars. On the side instead of paying people to do things like build his house, he takes on those people's jobs and does it for less--running to Home Depot everyday is a job nonetheless. Don't get me wrong, I'm all for do-it-yourself projects, saving money, and I absolutely abhor working in a cubical under florescent lighting, but as a business owner and entrepreneur myself I can tell you that Mr. Mustache is anything but retired. Members of my family are retired: they get cut checks from the California pension system, have investments that generate cash every month, and they spend their days traveling. That's true retirement and financial independence.

[@LetTruthPrevail212]

Be stronger, be efficient in all the work you do including wealth, and seek knowledge.

[@ashr3726]

Makes you eligible for "public funded" health-care, and "subsidised" college education. See easy when you don't have much income

[@stephtraveler7378]

His net worth is nearly $5m dollars. He works more hours in a week pushing his blog and lecture series than most of us do with two jobs. He is NOT retired. Just like a rich preacher in an urban church, he makes his money preaching to you and I. Buyer beware...

[@michaelangst6078]

either way, you can live off 10k a year or less.. So that means you want at least 500K in the bank when you're 30, and if you somehow want to just to live somewhere livable .. you can ''retire'' and never work a day until you die... having a quality life and retiring at 30 is a different figure for everybody from 500k to 10 million or more.....

[@Polostar79]

He “retired” in the sense that he doesn’t have to punch a clock. Perhaps Financially Independent is a better way to describe his situation.

[@dontes5009]

He makes so much money from his blog, doesn't matter how he spends it.

[@mattstone8111]

I think a more realistic strategy is saving up about $100K in investments and then relocating to one of about 100 countries in the world where you can live fairly comfortably on $500/month.

[@Zeric1]

100K might still be a little slim, but I'm with you that going to someplace like a South American country, one could live very well on a lot less than in western countries.

[@mattstone8111]

I think it's plenty to start. You can slowly build up a little internet-based income. Even an extra few hundred bucks a month is a huge amount of money in most of South America. That's the average local full-time wage in most places. I had a nice apartment in Medellin for $330/month. Food was no more than $10/day, and that was eating out most days.

[@jenniferlynn329]

I agree.. I've seen some tv shows showing that exact thing. But why would you want to move away from your friends and family? If you leave them behind, to go live your exotic (yet cheap) lifestyle, but get sick and want to go "home" where you have family to help you... why would you rely on them then? You left them behind. Why would you exoect them to take you back in? You didn't stay and help them. And you gave your money to foreign countries; you didn't keep your money in the states, where you earned it. Why come back. (...just playing devil's advocate...) (I'm in a foul mood; jealous and whatnot, that my life didn't give us 130k per year; maybe we wouldn't have fought about money and wouldn't be divorced.)

[@stevendalloesingh1214]

Suriname, where the average monthly income is 300-400$ a month.

[@unbekannt6505]

He is a Softwareengineer and I am a Social worker...even if I work 4 centuries I will not earn the money they did in their 20s.

[@OhFuck420]

Then you shouldn’t have decided to become a social worker, if freedom was what you wanted. Helping people doesn’t mean you have to do that as a career... you can do that daily.

[@unbekannt6505]

@@OhFuck420 It was just a comment about the payment, nothing else. My job give me freedom in other ways. I was free in my decision to take this job. And believe me, the professional way i help people is not to compare to helping people on a daily basis.

[@bobmar9239]

I visited his website. He didn't retire as much as he quit the rat race. He still works, apparently doing construction and other things and of course his website. Still, my hat is off to him. Good luck to all.

[@18Francisco93]

Some people just like to work as a habit

[@JoyMTravelandAllchannel]

bob mar so he is not fully retired as he claimed!

[@DeanBKK]

​@@JoyMTravelandAllchannel use common sense he's doing things that are hobbies which are making him money. It's not about not working at all, it's about the freedom to do what you want to do, whenever you want.

[@yapgimkwee8842]

his philosophy is very similar to the monks in Asia do. pray, eat cheap, live cheap, meditate, " God is around us" philosophy.

[@cobbb11]

Pretty sure he isn't religious. In fact he hates Dave Ramsey for injecting religion into financial decisions.

[@FaithandNova]

@@cobbb11 Dave Ramsey knows God and it's giving ppl the truth. This guy is selling ppl half of a dream. What he did was smart by saving to retire early. Generating a very good income monthly from his blog is NOT ideal for everyone. He's financial independent but he's NOT retired.

[@Johnniewalker78]

There’s definitely more to how he got to where he is than just being frugal. $600k+ in the bank and $200k+ house paid off by 32 years of age. A good paying salary and good investments are way more important than frugality.

[@Zeric1]

They don't cover the other half in the video, and that is investing what you save into assets that pay an ever increasing passive income stream. Their salary just helped do it faster, even someone with an lower salary can do it, but it will take longer. Most people just don't have the discipline and motivation, that is the real missing ingredient, not income.

[@Zeric1]

There are various options. Rental Real Estate being a common one, there are also many dividend stocks that have a long history of increasing what they pay over time (research dividend aristocrats), or REITs., starting a business that someone else runs and franchising it. It depends on the person and their strengths /interests. There are risks and work involved. The goal is to work hard once, and create an ever increasing income that requires minimal work thereafter.

[@asiaticoocitaisa8034]

Giod man. I have my own car for 38 years and going. 9 houses, 3 farms in 4 counties and I retired basicly my entire life. No petrol$ no fiat money is the way to be.

[@daw162]

retired is a strange definition when the guy sets up a website and updates it on a regular basis to collect affiliate revenue and google adsense dollars. And runs a shared workspace location and who knows what else (makes paid appearances?) My parents are retired. They collect pensions and social security, and collected property income (farm rent) until last year. They don't appear on youtube, set up websites, etc, and the only thing they have in common with these folks is that they're frugal. The title of this show, like so may others in the "news" is a complete lie. I guess the story wouldn't be very interesting if they had said "How Mr. Money Moustache left his job to work on his own". Because it's not rare.

[@tomwebber9377]

I'm at my peak earning potential right now at 53. I needed to make better choices in my life. However, it's never too late to start. Do some basic financial planning and create a path you can stick to, and it won't be too awful when you're older. I will work another 17 years before I retire. When I take into consideration what I have now, and create a slightly more frugal lifestyle than I currently partake of, I think I'll be okay. If I die at 69.

[@Zeric1]

Starting early is the best way to do it, unfortunately few people in their 20's have the motivation. In one's 20's, most people think of retirements as something extremely distant. The focus of life is in completely different places for most. With all the resources now available, a disciplined person who is motivated out the gate can be in a "working is optional" situation by the time they are 40 or younger. It's not magic, it's math. Putting a high percentage of earned income into investments that generate reliable and increasing passive income and letting it compound over a long period is the answer. One must not use debt for anything except perhaps a house, and all decisions need to consider the overarching goal of retiring early, including who you marry or partner with, when or if to have children, etc.

[@ericbanasiak2952]

That's pretty awesome. I have to say, I don't really plan to retire. That's only because I love what I do, and even when I reach full retirement at 54 years old, I plan on giving back what I've learned. We'll definitely be downsizing with our next home, and paying cash. I hope a lot of people can learn from this. We're 9 months away from being debt free minus our house, and it should be paid off by 2026 after purchasing in 2016. I don't say any of this to brag, but to show that it's doable.

[@dropoutandretireearly1781]

I dropped out of high school at 15 and retired at 39 !!!!! LOL !!!!! SCHOOL IS A HUGE RETIREMENT PROLONGER !!!!!

[@kalookakoo5]

This is the kind of thing a high school dropout says.

[@TheRealSlobo]

Thats true..You can start working at 15 without any bullshit from school since today internet can offer you lot more than school...I came to the states and do job that has zero connection wiht my school.And everything i have learned i learned it from books that were not related to school and other informations you can never get in school

[@dropoutandretireearly1781]

Slobodan Dzikoski YOUR A FOOL !!!!! FOOLS GO TO SCHOOL !!!!!

[@dropoutandretireearly1781]

I AM ACTUALLY EXTREMELY SMART !!!!!

[@TheRealSlobo]

Susan Miller I see

[@kassdog]

He runs a blog and earns income from that. He’s not retired he quit his day job.

[@studiocorax8790]

He started the blog after he gained financial independence, its income is a bonus, not required for his lifestyle. So is the income from his other projects - bonuses.

[@evaimagephotography]

I think the title is slightly misleading, it's more of a "being self-employed after 30 if you had a great job before 30 and were smart with your $$$" :) kudos in any case; the culture/mentality of spending and blind consumerism needs to be dialed down a bit if we still want to enjoy this plant and not bring the demise we (or at least majority, for now) are oh so diligently working on...

[@Jenabebe]

"Three for a dollar, let's get 3" - me

[@Familyadventure369]

Im 32 now and ive been retired since 30 i didnt cut back from my living i just saved on everything in life

[@mouwlylee5014]

Joe Diegoli did you pay off your house?

[@martinhunt6004]

I must say that is most splendid!

[@onee]

If you need someone else to tell you that you need to save money. Don't even try... It's common sense. And you don't have it.

[@Zeric1]

Most don't, that's why their financial picture is poor.

[@cobbb11]

There is "saving money", and there is saving over half your take home pay and living well below your means in order to retire early like he did.

[@nicklespale22]

@@cobbb11 Fact: there're many people who don't want to stop working early because to them that's practically unethical another fact: This "retired" guy, he's still technically working right now and all the time. He's only semiretired because It doesn't end that simply.

[@cobbb11]

@@nicklespale22 and if you want to work then do it. He will be the last one to stop you. There is a difference between WANTING to work and HAVING to work. He want to help you get to the point where you don't have to. And your "ethics" are bullshit. Its unethical to not work and live off welfare when you're capable of working. There is nothing unethical about living frugal so you can stop working early and live off your savings. That is your money so what the fuck are you talking about? If anything its more ethical because you're giving that job to someone who probably needs the money more than you do.

[@jonathonwright594]

Why do people think that he isn't retired because he still blogs and does other various things to make money? You can still do stuff when your retired; you don't have to just lay down and rot. "Retired" to me is not having to work the typical 40-60 hour work week day in and day out. If I'm working 10 hours a week doing something I love then damn right I'd consider myself retired.

[@mclaine33]

Making $134,000 annual for the both of them. So about $65k individually. Lol not that many jobs out there where you can make 65k in your 20s out of college.

[@kkknotcool]

Software engineer Nuclear Technician Dental Hygienist Medical Sonographer Air Traffic Controller Actuaries I swear this list could be a mile long. There is always need for highly skilled people in almost any field.

[@TripSeibold]

It's great that Pete received this kind of coverage from the media. It's good they focused on the big expenses -- housing and transportation. Why did they have to then bring up coffee? So cliche. Anyway, great to see and I liked the part showing the grocery store.

[@se7enzee444]

B/c many people overlook the small spending. They save over $1500 a year if making coffee at home instead of spending $5 at Starbuck.

[@TheBohemianStyle]

I wish I was able to get a job with decent income to get a good start at that age and I would have been in his shoes.

[@kkknotcool]

Community college isn't very expensive. An average diesel tech makes way more then 65 thousand.

[@NoJokes11B]

I laugh at people with gym memberships: I’ve been doing Karate for a little over 10 years. NPO and $40 a month. I get to practice 3-4 times a week. I get to stay in shape, relieve stress, and stay mentally strong.

[@charlesxav1er]

And land a hot wife early so you didnt have to waste money on mediocres before finding her

[@MrDemianTV]

Charles X it's not all about how a woman looks from the outside...

[@LAWSON08]

He did that as well, rawr Simi

[@Waingro808]

you made me lol. True dat.

[@NicE-jq3wv]

They’re divorced now. lol

[@WildL23]

Nic E lol How you know they're divorced now?

[@lolacole5653]

Most people making that income splurge because "they deserve a nice car, nice house, nice jewelry and clothes." This family hunkered down in their spending and it paid off.

[@Polostar79]

Helps that they only had one kid too

[@randallanderson1632]

There are a couple of problems with the philosophy in the video. For one, what the people are sacrificing to save money actually have worth. I don't own a Corvette and never will, but to some people they think the car is worth the money. If it means they have to work another 5 years, so be it. As for work, for a lot of people, working a 9-to-5 job is not a trip into hell. It gives a sense of self-worth and it is, by definition, an _occupation_ ... it occupies time in a positive way. I ask some people if they saw a nickel on the ground would they stop and pick it up? Many answer yes. It's okay to pick up nickels or to look for a sale in the grocery store that will save a dime, but in the great scheme of things those practices do very little and probably are not worth the effort. Finally, I remodeled much of my bathroom myself. I will never do it again. It was a pain in the butt. I would rather have someone else do it for pay.

[@meowyimeow]

I think the main takeaway here is financial freedom is worth making sacrifices. If owning a fancy car is your dream, fine. If you’d prefer to hire someone to remodel your bathroom (I’m with you on that), great. But if you want to retire at 30 you’ll probably have to sacrifice something. You just have to figure out what this is. Constantly making upgrades may be the American dream for some, but financial freedom and being able to spend your time doing what you love (including work) without worrying about what’s in your paycheck is a dream for others.

[@martinhunt6004]

I remodeled my entire bathroom and I over engineered it. I saved a lot with a positive mindset! Most splendid/ correct.

[@moldypancakes4973]

Here’s an idea. Live life to the fullest and when you’re ready to settle down, live frugally, save money for 10 years and then retire.

[@josemendezfr]

The comment section is full of people who live above their means and never save nor have any sort of emergency fund. They don't use credit cards responsibly and don't invest money. You're better off no coming here.

[@spijkerpoes]

a ground breaking new life philosophy for youse.. ..situation normal in western europe for the past few centuries - and still we want to be like you

[@IamSpiritful]

I'm glad he eats healthy and doesn't try to penny pinch at food. You can't save much on food anyways, since most of the expenses come from shelter and transportation.

[@kkknotcool]

Eating cheap crap is really more expensive. Healthcare for a fat/unhealthy person can easily be 10x the cost when they get older. Saving 2 bucks a day on groceries but paying 100 bucks a day when you're old isn't worth it.(and I just mean from a financial standpoint)

[@surebrah]

Pete is obviously a different kinda dude, but for the rest of us, going to work is a positive thing. If I won the lottery, I would spin out pretty quick.

[@bradbook]

I am 45 and work only 2 days a week.

[@gregbrady8454]

I retired after my hit tv show The Brady Bunch went viral. Soon I got Marcia pregnant and we now have 12 kids in a mobile home down in the slums of LA.

[@amirfarahmand9547]

the key to success : win a lottery at 29.999... and retire at 30

[@vam2276]

Very simple. Save your money. Over time, you're set. That's what my parents did. They have been debt free since they were about 50 yrs old. It's not difficult. The problem is that people don't want to save their money, they rather spend it.

[@elisha_oo]

Step one: Be rich with a high paying job

[@dropoutandretireearly1781]

+Elisha Ondov Your very foolish and always be broke !!!!!

[@bencherven]

+Elisha Ondov he made $60,000 a year bro. Is that rich to you?

[@LoomGloom]

+B Chev making 140k as a household is pretty rich. thats 1.4 million in a decade and close to 3 times of the american average. he also is an entrepeneur and working on several projects so the "retired at age 30" is kinda bullshit

[@Arbmosal]

+Elisha Ondov That's not correct. There's another guy on earlyretirementextreme.com who retired early, and his highest paying job were a few years of being a post-doc.

[@elisha_oo]

You're*

[@basook6116]

he wake up early, he is very smart man.... most of americans spent more than they have on cars that they can't afford or buy a house that they can pay off......

[@fasthandsz]

Yeah we can retire if we made 150k a year!! Save for 7 years and you’re good

[@12151ryan]

I love his blog. So happy to see him and his wife here!!

[@hope4surf]

This is G O L D ! ! !

[@JulioLopez-xz5kx]

Love the V A P O R W A V E font

[@2legit2Kwit]

“He and his software engineering wife”. They made as much as 4-6 people and saved half. I’m downsizing as well, I like SMALL homes!

[@williamd7161]

This video doesn't tell this guy's full story! He is an entrepreneur.

[@videostartsat4464]

... after he retired

[@FaithandNova]

@@videostartsat4464 yeah and part of the help was from her parents paying off their college education.

[@sabrinatatalias4277]

For all the haters. Financial Independence Retire Early (aka FIRE), is about retiring early to buy back time doing what makes you happy. A lot of FIRE people may retire from a 9-5 to still work by doung something they love and doesn't have time for in the past, like starting a business that lets them be creative, start a non profit, travel, spend time with loved ones, etc etc. Hustle for the few years it takes to reach financial independence, and live like no tomorrow. Im 19, and on track to retire before 40 already, debt free, working 2 jobs since 13, and saving like no tomorrow since im wise with my living choices! Have fun living paycheck to paycheck and working til 65+ because your lifestyle choices.

[@cocon8287]

Man that sounds awesome ! I just heard of this and will start lowering my cost of living by a least half save the other half. :D

[@jasonsomers7526]

This dosent show to full story. He claims to be retired but he is an entrepreneur. He has rentals, does carpentry work, etc. That's not what being retired is. He has whats called FU money. When your boss says your fired you just laugh and say, oh yeah, well F U! I like his philosophies much better than Dave Ramsey's when it comes to investing. His comments on trucks are the best, I catch myself saying, sorry with the small penis bro. He's Canadian too, that probably helps with the happiness and frugality.

[@bradleymyers974]

+Jason Somers Yeah that's exactly right. There are a number of these so called "retired very early" stories and almost all of them end up being just stories about achieving financial independence. As you say, he ends up going into self employment and judging by what I've read, he works every bit as hard as I do at my job. But becoming financially independent at 30 doesn't make for a great story, so the word "retired" gets swapped in there.

[@danielszalok8540]

+Jason Somers He is retired. The things you mentioned (collecting rent and doing carpentry) are simply two of his hobbies.

[@bradleymyers974]

+Dániel Szalók landlord, carpentry, and webmaster are his main occupations, so not a hobby. And though I do well, I would suspect the sum total of his occupations pay more than mine singular occupation does.

[@N0body247]

+Jason Somers retirement, is having all your bills paid and you dont have to work to pay them.. His investments pay his bills.. his real estate and blog, dont have to be done for him to survive.. This is why he is retired... He does not have to work to pay bills.. he does it to fill time and be productive.

[@bradleymyers974]

+Raver Magik That is called being financially independent, not retired. Many will eventually be lucky enough to be able to afford to not work, and have all of their bills paid by investments, pensions, social security, what-have-you.... Then, the question becomes do you decide to retire, or keep working whether that be for an employer or self-employed work. This is such a simple concept, but it continues to evade a lot of people.

[@wj5mjk]

I didn't hear him say to invest in a family. A family is an investment. A spouse is an investment. You have someone to fall back on in case you need it. Children are an investment as well. You might need them someday. So invest in them,and do it well.Make sure they get a good education.Maintain a good relationship with them.These things pay off in the end :)

[@victordonavon292]

With all respect, he implied that he invested in the family. He and his wife as noted in the video saved up as much money as fast as possible and got rid of all debt. Their lifestyle as it is, allows him and her to be at home for their kid(s). This allows the kid to get the parental attention that is crucial for actual healthy development. It kind-of helps to pay attention.

[@dck510510]

Plus the additional income from his website?

[@LAWSON08]

That happened later, years after his retirement he started blogging to wake up the DRONE PEOPLE...but yeah, now it is a freight train of cash, delivered daily.

[@kolis447]

awesome philosophy. they say road to happiness is through simplicity, so we need to strike in both opposite directions ie making more money and reducing our expenses

[@michaelworthington6214]

I would rather find a way to expand my income through business ventures/asset creation than be insanely frugal. Not a life worth living imo

[@douglassmith9445]

I invest 2250 every month but don't know where to put it because these types of videos never explain that part. The TSP, 401k, and roth IRAs all punish you for taking out early which has never made sense to me if you qualify for the 4% rule decades before they want you to take out.

[@Brain_With_Limbs]

I think he just bought the stocks on his own using Fidelity or TD Ameritrade.

[@monikaarad1]

Invest in a brokerage account aka a bridge account

[@sagexxxl]

I know he had more that 10 items in that express line....Geeezzz. Frugal and Rude!

[@artichokez3270]

once you buy a home in full (mine was 14k cash in a town in rural iowa) youre pretty much set, got the basic bills to pay, 500 per month including car stuff, so i live on 6k per year. mostly organic food too since i grow a ton of different veggies and herbs. life doesnt need to be as complicated as people make it. luxuries are not important.

[@naomiking2442]

So fun to watch!

[@casienwhey]

I've watched a lot of these Fire videos and have a few thoughts. I get the desire to retire early but I also understand the realistic costs you will incur when older. I've seen older people without adequate funds to live on and it's not a pretty picture. There are 3 big mistakes that many Fire people make. (1) thinking the stock market will grow forever, (2) underestimating how much inflation will deplete your savings, (3) dramatically underestimating the cost of care when you are old. Best advice is to think very carefully before you give up your current employment.

[@Silmerano]

yeah if I had a household income of $130,000 I could retire early too.

[@charlesxav1er]

and a paid off house

[@hybby]

He has a list of "50 Jobs over $50,000 without a degree" on his blog. 2 of those in a household = $100k. It's $30k less than $130,000. It is close, though. If you and the other person in your house add something else part time on the side, you can probably rapidly acquire that extra $30K.

[@GadeaOne]

you have a great attitude.

[@nova442]

You're most likely wrong about that. Even those with household income >130k average only a fraction of his savings and spending rates.

[@kathya1956]

Wade Wilson no you wouldn't

[@dfo254]

He gets food stamps, income to family size. Working the system and we all pay for it.