I recently discovered the Mr. Money Mustache blog. It's a blog about early retirement through extreme savings - like 65% of your take home pay extreme - so that you can enjoy the time in your life. Mr. Money Mustache retired at the age of 30 and lives with his wife and son on less than $26,000 each year. They do this through limited travel expenses in owning fuel efficient used cars and biking as well as owning their home outright and choosing options like the public library and not shopping for the sport of it. I love these ideas in themselves but also what they represent, that you can find people on the internet who will inspire you.
Our lifestyle will never be at that level because I don't think there is the same happiness for us with some of their choices but that's the the ethos of the site. What Mr. Money Mustache wants us to think in terms of is; I have limited time to spend doing things I love. How do I get more time to do those specific things? His solution was to bank 25x his living expenses - about $650,000 - through extreme savings and live on 4% of the total each year, his $26,000. His story probably appeals to you on some level, to me it's rather great and that's the secret, find your own Mr. Money Mustache.
If you're surrounded by poor people find rich ones to read about and emulate.
If you're surrounded by out of shape people find in-shape ones.
If you're surrounded by slackers, no goods, lazy, jerks, mean-spirited, negative downers find better ones online.
Don't move your world online, there is still so much great stuff to do and live and see. But you will be able to find people who are inspiring and that at the very least is worth discovering.
Here are four suggestions if you'd like to get started.
- Joshua Fields Millburn. Got rid of his clothes, house, smart-phone (temporarily), internet access and more to find a more meaningful, minimalistic life.
- James Altucher. Make a million dollars, lost it all, made even more, lost even more. Writes candidly about his time at HBO, Wall-Street and other ventures. Makes me realize the value of honesty and embracing all parts of life - good and bad.
- Tammy Strobel. Lives in a 128 sq ft house. Writes positively and shares good things.
- The Pioneer Woman (Ree Drummond). This might be my first public admission that I'm a big fan of the Pioneer Woman. Her enthusiasm for life might be unmatched online.