The Best Advice from Mr. Money Mustache

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 31 May 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Exactly 10 years ago, I released the first episode of the Financial Independence Podcast!

To celebrate this big birthday, I’ve collected all the best advice from my interviews with my very first podcast guest – Mr. Money Mustache!

Highlights

Mr. Money Mustache’s investing strategy
Thoughts on real-estate investing vs. stock-market investing
How to invest in a raging bull market
The benefits of hitting FI before having kids
Why you’ll likely make money after retiring early
Mr. Money Mustache’s biggest splurge
How to decide whether to pay off your mortgage early
The best part of financial independence
How to find meaning after early retirement
Most challenging part of post-FI life
The impact of financial independence on personal relationships

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, what's up everybody, welcome to the Financial Independence Podcast.
0:09.3	The podcast that gets inside the brains of some of the best and brightest in personal
0:12.8	finance to find out how they achieved financial independence.
0:15.8	I can't believe it, but today is actually the 10-year anniversary of the Financial Independence
0:20.8	Podcast.
0:22.6	Exactly 10 years ago, on this day, I published my very first interview with Mr. Money
0:27.0	Mustache and I would have never imagined in a million years that a decade later, I'd
0:32.4	still be doing this.
0:33.6	So to celebrate this big day, I decided to go back through that old episode and extract
0:40.0	the best bits from my interview with Mr. Money Mustache.
0:43.6	So today's episode is going to be a short one, but it's going to be packed full of good
0:47.2	stuff.
0:48.2	Big thanks again to Mr. Money Mustache for taking a chance on a unknown podcast way back
0:53.0	in 2012.
0:54.6	Huge thanks to all of you out there for listening and for chiming in and making this a lot more
0:59.6	fun than I expected it to be and hope you enjoy the best bits of Mr. Money Mustache.
1:07.0	What is your investing strategy?
1:09.4	Well, investing is pretty simple, at least if you do the Stagio old manway, which is basically
1:15.2	just, you don't buy Apple stock, you don't buy Facebook stock, you just buy big index
1:20.3	funds from the Vanguard company where basically you're just buying a huge slice of the US economy
1:24.9	and then you buy another huge slice of the European economy and so you're not trying
1:29.0	to predict ups and downs, you're just throwing all your money in there and it just grows
	...

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