Meet Mr. Money Mustache

Snoozie said:
And I'm totally, 100% OK with the eye rolling behind the back behavior. I guess I'd call it jealousy/envy? And who wouldn't be.................
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Me.

I've been retired - in the dictionary definition - for 8 years and do not envy another living being for any reason whatsoever. I will admit I couldn't always say that, having once thought Hugh Hefner had the world's greatest gig. Now he's just a sad old geezer. :)
 
REWahoo said:
Me.

I've been retired - in the dictionary definition - for 8 years and do not envy another living being for any reason whatsoever. I will admit I couldn't always say that, having once thought Hugh Hefner had the world's greatest gig. Now he's just a sad old geezer. :)
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Well, he is an old geezer, but he doesn't look all that sad...

hugh-hefner-birthday-83.jpeg
 
Snoozie said:
So, anybody who is promoting themselves for whatever reason looks to me like they are trying to make money... which is work... which means you are not retired...

Again, I could be completely wrong... I just do not want to do the research as I am not a fan of his.... I did not like his writing style....

I guess I have to disagree. When you can choose when, if, and how to do any "extra" work/job, you have the freedom of saying you are retired - you do not HAVE to work - to hold employment for whatever reasons (money, benefits, etc.). He's doing this "side" stuff merely for enjoyment - and the fact that he may be making a few bucks off of it - well, shows you have truly capable he is of making a buck while having fun at it! What a life!
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Using this definition.... Tiger Woods is retired....
 
brewer12345 said:
Not for much longer. And once I exit the cube I won't care what you call me.
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Yup. That's the thing. When you have to get paid, the folks that do the payin' can call you anything and you have to suck it up. Doesn't matter how much, they bark and you have to perform. Once you quit it, really quit, you just walk away, 'cause you no longer give a crap.
 
Snoozie said:
Well, I guess it "flies" for us. We retired 2 years ago at 46 and 56. We said if something came along that interests us, we would consider (consulting project, piece-by-piece type of "work") dabbling - and so far, in 3 years, nothing has. So we consider ourselves retired. Should I (or my husband) take a project for one week/month during the year, I still would consider myself retired as opposed to "semi-retired." When you take on employment that goes on for longer periods to which you are committed for specific days/hours/location, I would say you are not retired. When you can pick and choose when and how much and where you want to work at any given time, I feel I can call myself/ourselves retired. So, yes, it flies for us, and obviously for MMM.

The key for us is that we have so many other interests/hobbies - which is a HUGE issue/problem for many; they can't, for the love of God - figure what in the hell they'd do with themselves/time if they retired so young! So if that's the predicament you are in, I can only say........keep working! We value our "free/retired" time too much to
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MMM might call this the Hokey Pokey retirement. What ever you call it, I'll dance to that tune:dance:
 
Texas Proud said:
Using this definition.... Tiger Woods is retired....
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I think of Richard Branson. Wonder if anyone calls him retired?

I'm just glad being retired is apparently so sexy now that everyone wants to describe themselves that way.
 
I wonder what this guy will do when he's diagnosed with some awful disease. He doesn't seem to carry health insurance. It probably means WE will pay for it when goes on Medicaid, assuming he's not Medicare age.
 
oldnews said:
I wonder what this guy will do when he's diagnosed with some awful disease. He doesn't seem to carry health insurance. It probably means WE will pay for it when goes on Medicaid, assuming he's not Medicare age.
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I believe if you read his blog you would find he has health insurance on his whole family (he does not seem to be irresponsible in the least).
 
hakuna matata said:
I personally find all this talk about who is 'retired' and who isn't rather funny. I consider myself semi-retired now as I am only work now to meet the metric I use to consider myself FI--and for the most part I take any project that comes through my door (for the most part--some clients no matter how much money they offer aren't worth the hassle). We are actually FI now but my wife can't retire until Oct 2014 so I still work to boost our portfolio and for her to not feel abandoned! She has to work until then to get her pension so there is no way around that aspect of it...damn it!

However when I officially retire (Oct 2014) I will still continue to work as I enjoy what I do but the big difference is a that point I will have total control over it. I can be selective and do the project if it interests me or not do it. For me 'retired' is a point in time that one considers themselves financially independent. I don't need ANY of the money that I bring in--if I get paid for doing what I enjoy all it does is extend my portfolio money. If nothing comes along that strikes my fancy for a year, that is fine. But if I get the opportunity to design an awesome house or help someone out who wouldn't normally be able to pay for an Architect--even better and still I would consider myself retired. My work at that time is a hobby like painting, if I sold my paintings and made money is that work?

Now maybe it is because I am an Architect and I enjoy the design process. In Oct 2014 it becomes a hobby, a hobby I can make money at but I don't need to do it. I think that is one of the big issues for some folks here as I see people write j*b and w*rk as if they are dirty words! I could certainly understand that if you hate your job or profession. But not everyone out there hates what they do for a living. I enjoy being an Architect, just now want to do it completely on my own terms.
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Aren't you worried about the expenses associated with continuing work, even fun gigs, as an architect... Presuming you're a 1 person shop - you'd have to have liability insurance for some period of years after you finish your last gig... so every job extends that expense out.

My husband looked into this when his previous employer was considering folding up shop... his client (a large hospital) wanted him to complete the job under his own business/name. But the liability insurance expense (through the years) made it a negative proposition. Fortunately, another firm was able to pick up my husband AND the hospital job.

I think my husband said you have to have liability insurance for 10 years after completion of construction on any designs you do. Maybe that's just in CA.
 
oldnews said:
I wonder what this guy will do when he's diagnosed with some awful disease. He doesn't seem to carry health insurance. It probably means WE will pay for it when goes on Medicaid, assuming he's not Medicare age.
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Why do people keep harping on the possibility that MMM could get cancer or some other expensive disease?

First of all, he HAS health insurance and has written about it extensively.

Second, in a little over 6 months he could probably be eligible for ObamaCare, like a lot of others on this board, and so his health insurance will be both affordable and predictable.

Whether or not it was intended to do so, the ACA will make ER easier for a lot of people with lower assets than would have been required in the past.
 
truenorth418 said:
Whether or not it was intended to do so, the ACA will make ER easier for a lot of people with lower assets than would have been required in the past.
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True, and some of us taxpayers are totally thrilled at this awesome and socially useful result.

Ha
 
MMM and Life Insurance

oldnews said:
i wonder what this guy will do when he's diagnosed with some awful disease. He doesn't seem to carry health insurance. It probably means we will pay for it when goes on medicaid, assuming he's not medicare age.
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read.the.blog.
 
haha said:
True, and some of us taxpayers are totally thrilled at this awesome and socially useful result.

Ha
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Actually, I am and think that it is. I will be opening up a position for someone younger with more energy to move up in my company and will continue to groom my replacement over the next few months before making a public announcement within the company.
 
bjorn2bgy said:
MMM might call this the Hokey Pokey retirement. What ever you call it, I'll dance to that tune
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AGREE!! Since we are financially independent for life and don't have to work another day...we've earned the right to call it whatever the heck we want to call it!

But it sure is FUN!! :LOL:
 
CoolChange said:
Actually, I am and think that it is. I will be opening up a position for someone younger with more energy to move up in my company and will continue to groom my replacement over the next few months before making a public announcement within the company.
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And I will be bailing on the cube in part to pursue entrepreneurial opportunities. Most likely I will make small sums, but I or someone like me who is no longer constrained to the cube for benefits could come up with something of tremendous social and economic value.
 
Yet even then, doesn't one have to deal with what the folks in the 55+ community may call one?

Amethyst

MichaelB said:
Yup. That's the thing. When you have to get paid, the folks that do the payin' can call you anything and you have to suck it up. Doesn't matter how much, they bark and you have to perform. Once you quit it, really quit, you just walk away, 'cause you no longer give a crap.
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