1131: Get Rich With: Conspicuous Consumption by Mr. Frugal Toque with Mr. Money Mustache on Frugality & Building Wealth

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🗓️ 14 April 2020

⏱️ 10 minutes

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Summary

Mr. Frugal Toque with Mr. Money Mustache shares his thoughts on getting rich conspicuous consumption. Episode 1131: Get Rich With: Conspicuous Consumption by Mr. Frugal Toque with Mr. Money Mustache on Frugality & Building Wealth Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure. He and his wife studied engineering and computer science in Canada, then worked in standard tech-industry cubicle jobs in various locations throughout the late ’90s and early 2000s. Then they retired from real work way back in 2005 in order to start a family. This was achieved not through luck or amazing skill, but simply by living a lifestyle about 50% less expensive than most of their peers and investing the surplus in very boring conservative Vanguard index funds and a rental house or two. The original post is located here: http://www.mrmoneymustache.com/2017/10/24/get-rich-with-conspicuous-consumption/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1131.
0:04.0	Get Rich With Conspicuous consumption by Mr. Frugal Talk with Mr. Money Mustache.
0:10.0	com.
0:11.0	And I'm Dan, I am here every single day reading to you from the best personal finance blogs on the web.
0:16.0	And if you enjoy this crazy idea of reading blogs to you for free, it would be great if you could share this podcast with somebody today.
0:23.0	You can email them or text them a link to old podcast.com
0:28.0	slash listen or even better if you are able to subscribe them to the podcast
0:32.0	right on their smartphone.
0:33.2	It's a really big help to keep this show going and growing.
0:36.8	But I'll keep this intro nice and short for you,
0:38.7	so for now, let's hear today's post
0:40.8	as we start optimizing your life.
0:45.0	Get rich with conspicuous consumption by Mr. Frugal Talk with Mr. probably quoting some old English guy.
1:07.0	I can't say for certain that we mustachians need perfect honesty. I'd be lying to you.
1:08.0	But if we're to proceed with the utmost efficiency,
1:11.0	we're going to have to at least cut the
1:13.1	k- out of our own lives when we look in the mirror and get down to business. Do you
1:17.4	drive a car? I do. Do you lie to yourself about how much the use of that car
1:21.7	costs? I used to. The Toc family makes an annual visit to
1:26.1	Grandpa and Grandma Toc every summer, a family reunion of sorts to meet up with the entire
1:30.7	Talk clan. Mrs. Toc and I would always record this journey
1:34.9	600 kilometers in each direction at a reasonable cost of about a hundred dollars
	...

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