Retirement Planning

DR 007: How to Retire at Age 30 [with Mr. Money Mustache]

Editor's Note

You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

Imagine working hard for all of nine years. And then at the ripe old age of 30, you and your spouse retire to start a family. While it may sound like a fairy tale, that’s exactly what an engineer named Pete did.

Pete is better known as Mr. Money Mustache. We talk a bit about blogging. Pete has done a masterful job marketing his blog by doing one thing–writing content that people are hungry to read. He talks a bit about how he did it.

Then we turn the interview to the main topic–how he retired at age 30.

Topics Covered in this Podcast

  • How Pete was able to graduate with a degree in engineering with absolutely no debt.
  • How he went from having a degree, a backpack, and a bike, and then retiring 9 years later
  • What he did to keep expenses down early in his career.
  • How he saved as much as 65% of his 5-figure salary.
  • How renovating his own home helped him retire early.
  • How rental income helped Pete save more money for retirement.
  • How saving 50% of your income will enable you to retire in 17 years.
  • How to “build your frugality muscles.”
  • How Pete invested his money for retirement and why he doesn’t invest in bonds.
  • What the rent-to-price ratio is and how to use it to evaluate a rental property investment.
  • The 25x rule of retirement spending from stock investments.
  • What the Rule of 752 is and how it can help you better understand the real cost of “small” expenses.

Resources Mentioned in this Podcast

Join the Dough Roller Podcast Community

There are two ways to subscribe for free to the show–

iTunes: You can subscribe on iTunes by using this link.

Stitcher: Or you can subscribe to the show in Stitcher by using this link.

Help me out: You would be doing me and the show a huge favor by leaving an honest rating and review of the podcast on either iTunes or Stitcher. Thanks so much for your support.


Recommended Stories