1474: Silly and Misleading Retirement Calculators by Mr Money Mustache on Percentage of Income formulas

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 23 March 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Money Mustache talks about silly and misleading retirement calculators. Episode 1474: Silly and Misleading Retirement Calculators by Mr Money Mustache on Percentage of Income formulas 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/2011/04/21/silly-and-misleading-retirement-calculators/ Let Ryan Reynolds help you cut your wireless bill to 15 bucks a month at mintmobile.com/OFD Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group 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	The best thing I got on D-Pop.
0:01.5	That's a good question.
0:02.4	This really nice 80s Adidas jumper.
0:05.3	The quarter rates which I'm wearing.
0:06.5	This pink mini skirt.
0:08.2	This Jessica tour hoodie.
0:09.4	Probably my uniform choke boots.
0:11.0	This pair of jeans, I wear them all the time.
0:12.6	The main one, I'm quite into the moment, is extreme layering.
0:15.6	Ranch.
0:16.6	White's okay.
0:17.7	Relaxed grandpa.
0:19.0	Part time punk, part time polypocket.
0:20.8	I think co-cat is the word.
0:22.3	Baggy relaxed and a bit out there.
0:24.4	Necher short, I barely short short.
0:26.5	That's like my favorite outfit at the moment.
0:28.8	I got it on D-Pop.
0:30.9	Sometimes running a business can feel like cycling uphill.
0:34.8	With square wheels.
0:40.4	But zero online accounting software can help predict
0:42.8	the future cash flow of your business.
	...

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