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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
- Meet Mr. Money Mustache, the man who retired at 30 (Washington Post interview)
- A Meeting With My Financial Adviser (Get Rich Slowly–JD Roth’s story of spending some of his savings; the comments are a must-read)
- A Brief History of the Stash
- Republic Wireless phone service ($19.99-$79.99 a month)
- The Shockingly Simple Math Behind Early Retirement
- Bigger Pockets (real estate investing blog and forum)
- Getting Rich: from Zero to Hero in One Blog Post
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