Pete Adeney (a.k.a. Mr. Money Mustache) is one of the best known names in personal finance. He popularized the 4% rule for financial independence and has inspired tens of thousands of people to abandon the outdated retirement model and gain financial independence quickly. The principles he talks about work for anyone—rich or poor, young or old. I discovered Pete's writing almost 10 years ago and it changed the way I think about money—this podcast may do the same for you!
Watch this episode on YouTube: https://youtu.be/z6ogOGT185E)
Kevin on Twitter: www.Twitter.com/Camp4)
Mentioned in this episode:
Pete on Twitter: https://twitter.com/mrmoneymustache)
MrMoneyMustache.com: https://www.mrmoneymustache.com/)
Mr. Money Mustache on Facebook: https://www.facebook.com/mrmoneymustache)
Mr. Money Mustache on Instagram: https://www.instagram.com/mrmoneymustache/)
The Magic of Thinking Big by Dr. David J Schwartz: https://amzn.to/3A8JUfL)
Topics:
(0:35) - Kevin’s experience learning about Mr. Money Mustache
(4:11) - The lack of financial literacy in the United States
(5:59) - Pete’s journey to retiring at 30 and creating Mr. Money Mustache
(14:53) - F.I.R.E
(21:58) - The fear that stops people from retiring early
(33:07) - Pete on being a reluctant influencer
(38:43) - Compounding
(44:07) - The less obvious side effects of financial independence
(48:37) - How has your life evolved since retiring?
(56:15) - Habits
(1:01:51) - How would you advise someone in debt and at a dead-end job to start the journey to financial independence?
(1:09:07) - Wrap up
