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Retire in your Mind even if you Love your Job
- azatris 13y agoI wonder if I could be another MMM, but with buying stuff that are of extremely high quality and improve my life? A simple example would be a fairly high priced mechanical keyboard... I would be using it every day.
- cecilpl 13y agoHe generally does that anyway. See http://www.mrmoneymustache.com/2012/06/01/raising-a-family-on-under-2000-per-year/ http://www.mrmoneymustache.com/2012/06/01/raising-a-family-o...
- 6d0debc071 13y agoIt depends what you mean. There's certainly something to be said for buying stuff that's decent quality if you're going to be using it for a while, but just buying things that are high quality isn't going to free you from a job if you still have bad spending habits.
- vassvdm 13y agoAnother great post by MMM. Before starting a Lean Startup every founder should try to lead a Lean Life as per his advice...
- lsc 13y agoI'm not sure. I think that when you are running a business, time and money are much more exchangeable than they are otherwise. I mean, outsourcing housekeeping duties is likely the least Mustachian thing I can think of, but I think it makes a lot of sense if you can easily work a few more hours for significantly more after tax dollars than what the housekeeper charges. Or cooking. Man, what a time sink, and that one is actually kinda hard to solve; restaurants are sub-optimal, unless you can schedule meetings during the wait time, simply 'cause they are so slow. I mostly eat frozen food and salads, which is suboptimal, 'cause frozen food is crap. I guess learning how to cook quick and easy stuff would be one solution. So would having someone come and cook for me, but I suspect that'd be significantly more expensive than just eating out every day. But yeah, I'm trying to say that when you are running a business? you have a whole lot more power to increase your revenue (vs. when you are working for other people) - often it makes more sense to spend limited time on increasing revenue than it does to spend that time on decreasing expenses. Which isn't to say decreasing expenses isn't good. I've started my company by living off 1/3rd to 1/2 what my job role is usually paid, contracting, and putting the difference into capital goods for my business. There's no way I could have started a capital intensive business if I wasn't able to earn like the upper middle class while I lived like the lower middle class, So cutting costs was pretty essential. But at this point? my food budget is about a grand a month, while my co-lo/bandwidth budget is closer to ten grand a month. (fifteen, if you count all the temporary stuff that I need to move out of) - the thing is, I can get a lot more mileage out of putting effort into making that $10K number smaller than I can out of making that $1K number smaller.
- barry-cotter 13y agoI seem to recall a post on someone's craigslist experiment from ages ago having someone shop for them and come to their house once a week to cook and box meals for the week in the fridge. Put up an ad and see if it works, maybe? I don't know if they are in the US/the Bay area but Marks & Spencer do good and healthy(ish) ready meals. Mostly fridge rather than frozen but they will last a week or ao in the fridge. One assumes delivery is available for big orders, like weekly shopping. Your point on the value of your time is well taken. When you can actually funge time directly against money instead of being a salaried employee it's a good idea to do so, usually.
- eru 13y agoI read that batch cooking can be quite efficient: You spent a day every month cooking a huge amount of food that freezes well. Works especially well, if you are not bothered by eating the same meal for a few days in a row.
- JacobAldridge 13y agoWe've been 'Once a Month Cookers' for almost 8 years now. I swear by it, though my wife is starting to waver. "eating the same meal a few days in a row" has never come into it. We batch cook 6 different meals by 4 portions = 24 dinners, and mark the calendar so we mix them up but don't have 3 quesadillas left at the end.