1922: [Part 2] The True Cost of Commuting by Mr. Money Mustache on Calculating the Costs of Daily Travel and Gas Prices

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🗓️ 12 June 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Money Mustache discusses the true cost of commuting. This is part 2 of 2. Episode 1922: [Part 2] The True Cost of Commuting by Mr. Money Mustache on Calculating the Costs of Daily Travel and Gas Prices 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/2011/10/06/the-true-cost-of-commuting/ 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 1922, the true cost of commuting, Part 2, by Mr.
0:07.5	Money Mustache of MrMoneyMustache.com.
0:11.2	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.7	Today's post is actually a continuation from yesterday.
0:19.5	So if you're new here, it'd be best to listen to yesterday's episode first.
0:24.3	But if you're all caught up, let's hear Part 2 and continue optimizing your life.
0:33.4	The true cost of commuting, Part 2, by Mr. Money Mustache of MrMoneyMustache.com.
0:41.3	Despite the availability of options, the idea of living close to work still seems to be
0:46.4	completely alien to most people I've met.
0:50.0	While I would personally consider it far more important than even the salary or the work
0:54.9	performed, most people put commute distance below house price, perceived school quality,
1:01.0	and neighborhood preference.
1:03.1	With such a low threshold placed on commuting, most people don't even put a reasonable effort
1:08.7	into creating a nice local lifestyle for themselves.
1:12.8	As you saw with a couple in my example, they were willing to go from their existing super
1:18.0	easy commute to an insane asylum 80-minute round trip just because they like the scenic
1:25.1	and neighborly vibe of my neighborhood.
1:28.3	Schools are often used as an excuse as well, but until you've reviewed every close to
1:33.2	work school personally and interviewed the principal, you might be making quite a bad
1:38.2	trade-off for your kids.
1:40.0	What's better, higher standardized test scores and more rich kids, or real-world diversity
1:46.3	and an extra two hours to spend with mom and dad every day reading books.
	...

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