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The Tim Ferriss Show

#221: Mr. Money Mustache — Living Beautifully on $25-27K Per Year

The Tim Ferriss Show

Tim Ferriss: Bestselling Author, Human Guinea Pig

Tools Of Titans, Lifestyle Design, Business, Tim Ferriss, Timothy Ferriss Show, Startups, Longform Interviews, Productivity, The 4-hour Workweek, Timothy Ferriss, Tim Ferris, The Tim Ferriss Show, Entrepreneurship

4.617.7K Ratings

🗓️ 13 February 2017

⏱️ 111 minutes

🧾️ Download transcript

Summary

Mr. Money Mustache (@mrmoneymustache -- Pete Adeney in real life) grew up in Canada in a family of mostly eccentric musicians. He worked in various tech companies before retiring at age 30. Pete, his wife, and their now eleven-year-old son live near Boulder, Colorado, and have not had real jobs since 2005. This begs the question of "How?" In essence, they accomplished this early retirement by optimizing all aspects of their lifestyle for maximal fun at minimal expense, and by using basic index-fund investing. Their average annual expenses total a mere $25-27,000, and they do not feel in want of anything. Since 2005, all three of them have explored a free-form life of interesting projects, side-businesses, and adventures. In 2011, Pete started writing the Mr. Money Mustache blog about his philosophy, which has grown to reach about 23 million different people (and 300 million page views) since its founding. It has become a worldwide cult phenomenon, with a self-organizing community and incredible news coverage. This episode explores his story, philosophies, and routines. Without further ado, please enjoy my conversation with the one and only Mr. Money Mustache, Pete Adeney. Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This podcast is brought to you by Varidesk. You've probably heard of research concluding that sitting all day is terrible for you ("sitting is the new smoking" is a phrase I hear a lot). But standing all day isn't an option for everyone, either. My assistant and I have been enjoying the use of Varidesk, the middle ground that effortlessly converts your standard desk to a standing desk (and back again) in seconds. It comes fully assembled -- just take it out of the box, put it on your desktop, and go. Models start at just $175; check out Varidesk.com to see which one might be the right fit for you. It even comes with a 30-day, hassle-free return policy if you decide it's not your style. That's Varidesk.com. This podcast is also brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple and world-famous investors. It has exploded in popularity in the last two years and now has more than $5 billion under management. In fact, some of my good investor friends in Silicon Valley have millions of their own money in Wealthfront. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it's all through smarter software instead of retail locations and bloated sales teams. Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they'll show you -- for free -- exactly the portfolio they'd put you in. If you want to just take their advice and do it yourself, you can. Or, as I would, you can set it and forget it. Well worth a few minutes: wealthfront.com/tim.

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Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.

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Transcript

Click on a timestamp to play from that location

0:00.0

I'm going to ask you a question.

0:23.8

This episode is brought to you by Athletic Greens.

0:26.5

I get asked all the time what I would take if I could only take one supplement.

0:31.2

The answer is invariably Athletic Greens.

0:34.0

I view it as all-in-one nutritional insurance.

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I recommended it, in fact, in the four-hour body.

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This is more than 10 years ago, and I did not get paid to do so.

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With approximately 75 vitamins, minerals, and whole food source ingredients,

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you'd be very hard-pressed to find a more nutrient-dense and comprehensive formula on the market.

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It has multi-vitamins, multi-mineral greens complex,

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probiotics, and prebiotics for gut health and immunity formula.

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I just have enzymes, adaptogens, and much more.

1:01.2

I usually take it once or twice a day just to make sure I've covered my bases

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if I miss anything I'm not aware of.

1:07.5

Of course, I focus on nutrient-dense meals to begin with.

1:10.8

That's the basis, but Athletic Greens makes it easy to get a lot of nutrition

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when whole foods aren't readily available.

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From travel packets, I always have them in my bag when I'm zipping around.

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