1301: The Real Benefit of Being Rich by Mr. Money Mustache on Financial Freedom & Gratitude

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 1 October 2020

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Money Mustache unveils the real benefit of being rich. Episode 1301: The Real Benefit of Being Rich by Mr. Money Mustache on Financial Freedom & Gratitude 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: https://www.mrmoneymustache.com/2019/04/11/the-real-benefit-of-being-rich/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1301.
0:04.4	The real benefit of being rich by Mr. Money Mustache of Mr. Money Mustache.com.
0:10.3	And I'm Diana Mariam, your new host and self-proclaimed personal finance enthusiast, reading
0:16.6	to you from the best blogs on personal finance every single day of the year.
0:21.6	If you're confused about who I am and why I'm here, take a
0:25.1	listen to the episode right before this where I introduce myself and tell you a
0:29.0	little bit about me. For more podcasts covering different topics, we actually have six shows now.
0:35.0	Dan moved from this podcast over to optimal startup daily.
0:39.0	So go ahead and check that out, or we'd love if you'd listen to all of our shows by searching for
0:44.0	optimal living daily wherever you get your podcast. Now if you happen to listen to my
0:48.8	intro episode you'll know that my personal finance journey all started with what I like to call a refreshing
0:55.1	punch in the face from reading the Mr Money Mustache blog.
0:59.3	So let's jump right in and continue optimizing your life.
1:04.0	The real benefit of being rich by Mr Money Mustache of Mr Money Mustache.
1:12.0	There have been Mr Money Mustache. Mustache.com.
1:14.0	There have been a lot of big bills coming across my kitchen table recently.
1:19.0	Property taxes, car registrations, income taxes, and things for the school orchestra in which little money
1:25.9	mustache plays a stand-up base. Plus, the usual credit card bills for all my spending on
1:31.1	groceries and not all that rare luxury indulgences.
1:35.0	There's nothing bad or unexpected in this pile of bills, but I still see it adding up to a tidy sum.
1:42.0	But this morning as I was looking at the latest one, a bill from the
1:46.1	city of Longmont for all the various utilities, I noticed that the same familiar feeling
	...

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