1157: [Part 2] Frequently Complained Questions by Mr. Money Mustache on Simple Living & Financial Freedom

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 10 May 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Money Mustache shares his thoughts on frequently complained questions. This is part 2 of 2. Episode 1157: [Part 2] Frequently Complained Questions by Mr. Money Mustache on Simple Living & Financial Freedom 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/2013/04/29/frequently-complained-questions/ 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 1157,
0:03.8	Frequently Complained Questions Part 2,
0:06.4	by Mr Money Mustache of Mr Money Mustache.
0:10.0	And I'm your host and narrator of the show.
0:11.8	I am Dan, and I'm here every single day
0:14.6	reading to you from some of the best personal finance blogs on the planet.
0:18.2	Today's post is actually a continuation from yesterday's
0:24.0	so if this is the first episode you're ever hearing here at optimal finance daily it would be best to listen to yesterday's
0:26.8	episode first episode 1156 but if you're all caught up let's hear part two as we continue optimizing your life.
0:35.0	Frequently complained questions, part two by Mr Money Mustache of Mr Money Mustache.com
0:45.0	You have a rental house, isn't that still a job?
0:48.0	Not for me.
0:49.0	First of all, because I've had the best tenant in the world for two years and also because I enjoy it.
0:54.3	But I'm doing a terrible job at it. My rental house is an expensive custom one that I
0:58.9	originally built myself to sell, but I got stuck with it in the housing crash and a messy business partner situation.
1:05.0	I only clear about 5% of the value of the house in rent every year.
1:09.0	I could do better by just selling the place and owning some reats or buying a
1:13.4	fourplex that would deliver double the rent even after hiring a property
1:16.9	manager. So when you see rental house, just substitute the words
1:20.5	five hundred thousand dollars of assets yielding 5% after inflation.
1:24.4	Can you stop being a smug,
1:26.8	tat and stop swearing to? Some people say they like the message here,
	...

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