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Optimal Finance Daily - Financial Independence and Money Advice

618: Why We Are Not Really All Doomed by Mr. Money Mustache

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.51.3K Ratings

🗓️ 11 July 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

Mr. Money Mustache shares why we are not really all doomed. Episode 618: Why We Are Not Really All Doomed by Mr. Money Mustache (Economy Struggling & Personal Financial Troubles). 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/2014/03/03/why-we-are-not-really-all-doomed 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 episode is brought to you by Krakhan.

0:03.0

Krypto is like finance, but different.

0:06.0

It doesn't care when you invest, trade or save, do it on weekends,

0:11.0

or at 5 a.m.

0:12.0

Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m.

0:15.2

crypto is finance for everyone everywhere all the time.

0:19.4

Visit crackin.com slash see what crypto can be to learn more

0:22.8

don't invest unless you're prepared to lose all the money you invest this is a high risk investment

0:26.8

and you should not expect to be protected if something goes wrong

0:29.9

This is optimal finance daily episode 618 why we are not really all doomed by

0:37.8

mr mr moustache of mr moustache dot com and i'm Dan your host and narrator bringing you some of the best blogs on personal finance in

0:46.2

podcast form. But for now, let's get to today's post and start optimizing your life.

1:04.0

Why we are not really all doomed by Mr Money Mustache of Mr Money Mustache. Money Mustache.com. Behold the almighty nail gun, symbol of human ingenuity and productivity, and also

1:10.8

builder of my new house. You can see a picture in this post of my nail gun and me,

1:15.4

enjoying the house we are building together. This particular one, my trusty rigid R350,

1:21.3

has blasted just over 10,000 large nails into the framing members of this residence

1:26.5

and perhaps 100,000 additional ones into the other houses I have built or worked on since 2006 when I first bought it.

1:34.1

At the time it cost me $300 or about a single day's wages for a self-employed

1:38.9

carpenter.

1:40.0

It seemed like an incredible bargain back then, since it can pay for itself in saved labor,

1:44.8

compared to hand-driving those framing nails in less than one day.

1:48.7

And since 2006, the price of this machine has dropped by a further 25%, even as the price of this machine has dropped by a further 25%

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