DR 007: How to Retire at Age 30 [with Mr. Money Mustache]

Imagine working hard for all of nine years. And then at the ripe old age of 30, you and your spouse retire to start a family. While it may sound like a fairy tale, that’s exactly what an engineer named Pete did.

Pete is better known as Mr. Money Mustache. We talk a bit about blogging. Pete has done a masterful job marketing his blog by doing one thing–writing content that people are hungry to read. He talks a bit about how he did it.

Then we turn the interview to the main topic–how he retired at age 30.

Topics Covered in this Podcast

• How Pete was able to graduate with a degree in engineering with absolutely no debt.
• How he went from having a degree, a backpack, and a bike, and then retiring 9 years later
• What he did to keep expenses down early in his career.
• How he saved as much as 65% of his 5-figure salary.
• How renovating his own home helped him retire early.
• How rental income helped Pete save more money for retirement.
• How saving 50% of your income will enable you to retire in 17 years.
• How to “build your frugality muscles.”
• How Pete invested his money for retirement and why he doesn’t invest in bonds.
• What the rent-to-price ratio is and how to use it to evaluate a rental property investment.
• The 25x rule of retirement spending from stock investments.
• What the Rule of 752 is and how it can help you better understand the real cost of “small” expenses.

Resources Mentioned in this Podcast

• Meet Mr. Money Mustache, the man who retired at 30 (Washington Post interview)
• A Meeting With My Financial Adviser (Get Rich Slowly–JD Roth’s story of spending some of his savings; the comments are a must-read)
• A Brief History of the Stash
• Republic Wireless phone service ($19.99-$79.99 a month)
• The Shockingly Simple Math Behind Early Retirement
• Bigger Pockets (real estate investing blog and forum)
• Getting Rich: from Zero to Hero in One Blog Post

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