Author Topic: What is the most interesting thing you've learned and implemented from the blog?  (Read 45078 times)

TomTX

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Um, yeah - hair cutting.

Which, once I thought about it is kinda bizarre. My mom has cut my Dad's hair forever, but for some reason all the kids were taken to the barber. So, I got into the habit of going to the barber.

Then my barber shop closed, and I stopped cutting my hair. Got long enough that I started accidentally sitting on it - so I went and had it whacked off short at a hair place. Repeat 3x.

Now, I just have a friend use clippers. Faster than going to  a barber shop, and only cost me $20 for the Wahl setup. Now there are 3 of us lined up once a month...

MoneyCat

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I learned that I don't need to slave away at a job I hate to live the kind of life I really want.  I spend very little and save more than half my money every month now and I no longer work dangerous jobs that stress me out because I don't need to.

Khan

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Two things:
1. That you can access 401k money before 65. Learning that simple fact led me to reading topics that come up about tax efficient strategies, which has in turn led me to using them. I max my 401k, I plan on using the 401k-roth pipeline even before I'm fully FI/Free, and who knows how much that simple thing has and will save me. Before I learned about that, I hated retirement accounts because I thought the money was almost completely locked up.
2. The Shockingly Simple Math. Before, I was relatively frugal(compared to my peers), but it was mostly aimless. I'd read Stocks for the Long Run, and I was working on building a stash, but I had no idea what it was for, or where it might lead. Reading that, and going down the rabbit hole of FIRE communities has given me a much better grasp of what I want(at least partially).

Rbuckyfuller

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The Shockingly Simple Math was the real eye-opener.  Info on investing has also been extremely helpful.

This. I've always been relatively frugal and before I found MMM, I was getting into minimalism and non-consumerism, but the Shockingly Simple Math and RE was genuinely a new concept for me.

Agreed.  For me, the shockingly simple math was the most important.   It really energized and excited me.  I couldn't believe  how big a difference changing your spending could make.

Daisy

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I was already on the FIRE path, but probably a longer way off than I am now.

A few things:

1. I could take out a HELOC on my current house to buy a new place mortgage-free. I was living in a too-expensive house and would have taken a long time to pay that mortgage off.

2. That cutting my expenses was a double-whammy FIRE win. Not only would I save more money, but the stash required to maintain those expenses during FIRE now shrank too.

3. Truly understanding the thinking behind the 4% SWR and having safety margins in place. Even a small $5k part-time job in FIRE amounts to an equivalent $125,000 reduction in the size of my stash. A $10k part time job or reduction in expenses is equivalent to a $250,000 stash. That is a huge mind altering shift in my thinking.

4. Learning about the Roth conversion pipeline. I had been avoiding putting more money into my tax-deferred accounts because I thought I needed access to my taxable accounts in my 50s before I could tap into the IRAs. I went back to maximizing my tax-deferred contributions and lowering my current taxable income.

ThriftyD

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Being optimistic.    For me this goes hand in hand with the low information diet.

Absolutely!  A low information diet is key!  I think my biggest takeaway is to turn off the news/tv.  I used to have a fondness for the routine of coming home from work and turning on Nightly News with Brian Williams or the local news on in the background as I prepared dinner or 'decompressed' from the work day.  Now, I can't stand the news at all.  It's all just so awful.  When I do want to catch up on the news, I prefer the option of actively reading my local online newspaper instead of passively absorbing the local news channel. 

I think my biggest disdain for local news is that they often make the daily occurrence of "weather" a top news story.  They make it all sound so scary that we MUST tune into them so we know how to survive a rain storm or a gentle breeze!  I can quickly look up the weather forecast in 10 seconds and take precaution as necessary.  I don't need to get bent out of shape when the local news station has "breaking news" that there was hail spotted in the area!! OH NO!!! 

These things also go hand in hand with only focusing on your circle of control! 


dragoncar

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Being optimistic.    For me this goes hand in hand with the low information diet.

Absolutely!  A low information diet is key!  I think my biggest takeaway is to turn off the news/tv.  I used to have a fondness for the routine of coming home from work and turning on Nightly News with Brian Williams or the local news on in the background as I prepared dinner or 'decompressed' from the work day.  Now, I can't stand the news at all.  It's all just so awful.  When I do want to catch up on the news, I prefer the option of actively reading my local online newspaper instead of passively absorbing the local news channel. 

I think my biggest disdain for local news is that they often make the daily occurrence of "weather" a top news story.  They make it all sound so scary that we MUST tune into them so we know how to survive a rain storm or a gentle breeze!  I can quickly look up the weather forecast in 10 seconds and take precaution as necessary.  I don't need to get bent out of shape when the local news station has "breaking news" that there was hail spotted in the area!! OH NO!!! 

These things also go hand in hand with only focusing on your circle of control!


ChrisLansing

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Being optimistic.    For me this goes hand in hand with the low information diet.

Absolutely!  A low information diet is key!  I think my biggest takeaway is to turn off the news/tv.  I used to have a fondness for the routine of coming home from work and turning on Nightly News with Brian Williams or the local news on in the background as I prepared dinner or 'decompressed' from the work day.  Now, I can't stand the news at all.  It's all just so awful.  When I do want to catch up on the news, I prefer the option of actively reading my local online newspaper instead of passively absorbing the local news channel. 

I think my biggest disdain for local news is that they often make the daily occurrence of "weather" a top news story.  They make it all sound so scary that we MUST tune into them so we know how to survive a rain storm or a gentle breeze!  I can quickly look up the weather forecast in 10 seconds and take precaution as necessary.  I don't need to get bent out of shape when the local news station has "breaking news" that there was hail spotted in the area!! OH NO!!! 

These things also go hand in hand with only focusing on your circle of control!

lol.   Don't get me started.     My wife always wants to watch the weather report on the local news.   I keep telling her she can look up the weather on line in just a few seconds.    By the time the weatherman gets done yammering about fronts and pressure systems I've usually let my mind wander and miss the fact that we might have rain tomorrow.   And so what?   From time to time it rains, hails, and sometimes the wind blows.   I've learned to live with it.   

I also prefer to get my news on line.   I can completely skip all the "news" about Justin Bieber and get right to whether or not bill 1107 passed the Senate or not.    Then I'm done.   The Palestinians and Israelis are killing one another and I don't need to know who fired the most recent shot or threw the most recent bomb.  The  Chinese and Japanese continue to argue about some islands that neither side would give a crap about if the other side didn't want them.    The US is planning to spend my tax money on more warfare instead of fixing my roads.   This, is just an example of a few items in the perpetual cycle of "news", which in reality has grown quite "old".   Why do I need to pay attention to this crap?     

Meanwhile, by paying attention to my finances, I've discovered I have at least $1,000 a month more than I need to live on.   This is by far more powerful information than the "news", because this is in my area of control.   

hybrid

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Oh hell, do I only get to list one? If only one then....

-- that my wife could retire three years earlier if we simply cut out the Exploding Volcano of Wastefulness, and there is no better gift I could give her.

The runner-ups include

-- That a man a few years from 50 could bike 15 miles round trip to work
-- ...and just how great it is to ride a bike and still be physical now that I am of a certain age and my body no longer allows some of the things I enjoyed 20 years earlier
-- Just how big that Exploding Volcano of Wastefulness had become
-- That peaceful it is not having to worry about money for unexpected bills
-- How truly unrewarding eating out is when it becomes the rule instead of the pleasant exception
-- How much my daughter is like her pop, and how eagerly she would embrace a similar lifestyle
-- That walking away from golf and the country club would be a lot easier than I thought it would 

Thegoblinchief

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Oats plus cereal has become one of my go-to sweet snacks, so I'll plus one to that.

Before MMM I was getting my kids into biking and errands, but MMM pushed me into overdrive. I would never have considered commuting 20 mi round trip or doing it all through the winter until reading the site. He overstates the financial savings (for example, my CPM for biking is currently at $0.20 versus $0.45 for the car) but the health and psychological benefits CANT be overstated. I feel so much better.

Like CheddarStacker, I've also switched to a very high fat diet. We go through a good liter or more of olive oil every month. Never felt better. I'm at my lowest adult weight ever and the best cardio condition of my life.

Circle of Control, low information diet, and the optimism gun are my true favorites however. I'm bipolar, but spend most of my time down rather than up. Together with the exercise and diet changes, I'm a lot closer to self-managing my condition.

Mississippi Mudstache

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This is probably going to sound silly, but my consumption of rolled oats has skyrocketed since I began reading MMM :)

Nice!! Have you tried overnight oatmeal? Mix oatmeal and milk 1:1 and put in the fridge overnight. Preferably with some berries. Then eat in the morning with some vanilla yogurt or coconut flavour silken tofu, or nuts, or whatever! Yum :)


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I haven't tried it, but I will now! I started off eating rolled oats + cereal for breakfast, as MMM suggested, but then I switched to straight oatmeal with different things mixed in depending on what's on hand - yogurt, kefir, milk, cream, coffee, peanut butter, honey, raisins, craisins, blueberries, blackberries, etc. I have fresh blueberries now, so I may have to try the overnight oatmeal with blueberries for breakfast tomorrow :)

lifejoy

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Oats plus cereal has become one of my go-to sweet snacks, so I'll plus one to that.

Before MMM I was getting my kids into biking and errands, but MMM pushed me into overdrive. I would never have considered commuting 20 mi round trip or doing it all through the winter until reading the site. He overstates the financial savings (for example, my CPM for biking is currently at $0.20 versus $0.45 for the car) but the health and psychological benefits CANT be overstated. I feel so much better.

Like CheddarStacker, I've also switched to a very high fat diet. We go through a good liter or more of olive oil every month. Never felt better. I'm at my lowest adult weight ever and the best cardio condition of my life.

Circle of Control, low information diet, and the optimism gun are my true favorites however. I'm bipolar, but spend most of my time down rather than up. Together with the exercise and diet changes, I'm a lot closer to self-managing my condition.

Yummy!

Another combo I love is oatmeal, chopped up green apple, then microwave. Apples and oatmeal get soft. Mix in cinnamon, brown sugar (or skip it), and pecans. YUM!!! So filling, and healthy, and apple pie esque.


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nawhite

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1. That you can access 401k money before 65. Learning that simple fact led me to reading topics that come up about tax efficient strategies, which has in turn led me to using them. I max my 401k, I plan on using the 401k-roth pipeline even before I'm fully FI/Free, and who knows how much that simple thing has and will save me. Before I learned about that, I hated retirement accounts because I thought the money was almost completely locked up.

This was on my list as well and a number of people have listed the 401k-Roth pipeline but unfortunately the ACA (Obamacare) made that idea much less viable. I was doing the math for a planned "downshifting" in the next couple years and realized that since I will be getting a health care subsidy due to low income in retirement, every dollar I rollover (and thus increase my annual income by) decreases my subsidy by 13%. Mathematically, its equivalent to a 13% tax on rollovers.

So please, if your post retirement plans include a 401k-Roth rollover pipeline and an ACA subsidy, be sure to re-run the math. That deal isn't as good as it was when MMM posted about it.

Gerard

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At the micro level, home haircuts and plumbing.

At the bigger level, mindfulness and confidence.

hermoninny

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Pretty much the entire concept, lol.  My husband and I always talk about what we would rather be doing than what we currently do.  And it always ends with, "Oh, to be financially independent/independently wealthy.  Never *dreaming* that we actually could be.  So far we've:

But I think the *biggest* thing for me was the concept of walking/biking instead of driving.  Such a ridiculously simple concept, but one that I never would have explored.  I always thought that we had to drive everywhere because of the kids.  We haven't invested in a second bike and a trailer yet, but they absolutely love going for walks in the stroller!  We did our first grocery store trip yesterday, and we regularly walk them to McDonald's to play on the PlayPlace while we sit and chat with neighbors. 

Franklin

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How to find the answers with numbers...how to fill the gaps with optimism.

C. K.

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That frugality can be fun.

ThriftyD

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Hahaha Dragoncar.  Nice weather screenshot.  Yep, that's pretty much how it goes.  Everyone's going to get sucked up by the biggest funnel cloud, hail the size of softballs will be pummeling our homes, our cars, and all we hold dear.  Hurricanes in Florida will cause Biblical-scale flooding along the entire eastern seaboard.  Cold, biting winters will cause every single homeowner's pipes from Buffalo, NY to Minneapolis, MN to burst.  Heavy snow will render everyone buried for months at a time.

BUT, if you listen to us, the wonderful local news channel, you will survive all of this!  Beware of how bad and ugly it is out there and make sure to tune in at 5 am tomorrow morning so we can make sure you know how to get your kids to school in these treacherous conditions.   

ThriftyD

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lol.   Don't get me started.     My wife always wants to watch the weather report on the local news.   I keep telling her she can look up the weather on line in just a few seconds.    By the time the weatherman gets done yammering about fronts and pressure systems I've usually let my mind wander and miss the fact that we might have rain tomorrow.   And so what?   From time to time it rains, hails, and sometimes the wind blows.   I've learned to live with it.   

I also prefer to get my news on line.   I can completely skip all the "news" about Justin Bieber and get right to whether or not bill 1107 passed the Senate or not.    Then I'm done.   The Palestinians and Israelis are killing one another and I don't need to know who fired the most recent shot or threw the most recent bomb.  The  Chinese and Japanese continue to argue about some islands that neither side would give a crap about if the other side didn't want them.    The US is planning to spend my tax money on more warfare instead of fixing my roads.   This, is just an example of a few items in the perpetual cycle of "news", which in reality has grown quite "old".   Why do I need to pay attention to this crap?     

Meanwhile, by paying attention to my finances, I've discovered I have at least $1,000 a month more than I need to live on.   This is by far more powerful information than the "news", because this is in my area of control.   

Right on, ChrisLansing!!  And yes, it's important to know what's going on in the world and there are a lot of sad things we in the fancy western world cannot even fathom.  But to sit and let worry or anger sink in while watching the news is very unproductive. 

Yes, focus on the things within your circle of control.  Block out the fluff 'news' like anything about Justin Bieber or anyting pop culture-related, really.  Focus on helping those around you, who in turn can help those around them.  And heck, if everyone was able to focus on their circle of control, we'd (humanity) eventually be able to tackle some of the really big, sad issues in the world like the Israeli/Palestinian conflicts, war, squabbles over territory, etc.  Because, after all, those things are in somebody's circle of control too.  But it is of no benefit for average Joe Americana to sit and listen to the talking heads on tv and get all riled up and angry about some Middle Eastern conflict or some political scandal from his own living room.  He has no direct control over those things and is doing nothing but raising his blood pressure and taking his focus away from things he should be focusing on in his own circle of control.

Khan

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1. That you can access 401k money before 65. Learning that simple fact led me to reading topics that come up about tax efficient strategies, which has in turn led me to using them. I max my 401k, I plan on using the 401k-roth pipeline even before I'm fully FI/Free, and who knows how much that simple thing has and will save me. Before I learned about that, I hated retirement accounts because I thought the money was almost completely locked up.

This was on my list as well and a number of people have listed the 401k-Roth pipeline but unfortunately the ACA (Obamacare) made that idea much less viable. I was doing the math for a planned "downshifting" in the next couple years and realized that since I will be getting a health care subsidy due to low income in retirement, every dollar I rollover (and thus increase my annual income by) decreases my subsidy by 13%. Mathematically, its equivalent to a 13% tax on rollovers.

So please, if your post retirement plans include a 401k-Roth rollover pipeline and an ACA subsidy, be sure to re-run the math. That deal isn't as good as it was when MMM posted about it.

Thanks for the heads up, but I don't have an FI number or location yet, I do have some partial FI plans in the works though(GI bill college vacation). Healthcare will doubtless change over the course of the next 20 years(the populist wing of the Democratic party gaining strength, the death of the current Republican party, Single payer possibly), so, like planning for SSI, it's something that IMO shouldn't be too deeply delved into on the positive or negative side.

MandyM

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How to find the answers with numbers...how to fill the gaps with optimism.

well said!

smalllife

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-Renewed energy to thinking "do I really need x" or "can I make x" instead of "where do I go to buy x".  This in turn lead me to follow my internal values to learn more about what exactly we are putting in and on our bodies and the marketing history of most personal care or manufactured self-esteem boosters, which has in turn boosted my self-esteem by no longer listening!  It's a wonderfully refreshing cycle. :-)

LatteLaura

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Great answers on this thread.  For me it is mindfulness and realizing how much I had bought into the consumption mindset. 

Frugal Father

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The Shockingly Simple Math was the real eye-opener.  Info on investing has also been extremely helpful.
+1

The shockingly simple math opened my eyes to the true possibilities of achieving FIRE.

Bob W

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Definitely Republic Wireless -- followed closely by the true cost of commuting. 

2ndTimer

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That there are many folks who are more frugal than I am.  Before I found MMM I was the frugalest person I knew and I was pretty smug about it.  Now I can see that there is still a lot to learn and I am finding new tricks all the time.

jsmustache

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Finally registered just to chime in on this.  Three words.


Safe

Withdraw

Rate



LowER

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Knowing that I can make a few small changes and turn a financial freight train headlight in the tunnel into sunlight.   Like magic....

sheepstache

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Gotta chime in on the optimism.  Between MMM and J*shua K*nn*n (I know he can freak out when he founds himself mentioned somewhere), it's really made a huge difference in my life.  I was always a problem solver with an internal locus of control, but somehow this tipped it into feeling much happier all the time.  It's weird. 

You know what's a weird specific thing like y'all are talking about but I didn't find on MMM is this thing I learned from reading the journal published online of someone who had done the Peace Corps and had a bad, demoralizing experience.  In one of the entries she's talking about how the villagers view her as a source of resources because she has so much more than everyone there (even though she lived on, by American standards, a very small amount), which is counter to the goal of the program; the volunteer's impact is supposed to come from their teaching not their contribution to the local economy.  Anyway, that's the context in which she mentions that the little kids hang around her place while she's making breakfast in the mornings and they snatch her eggshells out of the trash and scrape out and eat the excess left in the shell.  Next time I made eggs, I tried that, and lo and behold there's always extra that doesn't come out on its own.  I mean, I don't eat it raw like the kids, it's just extra egg that I get to add to whatever dish is going on.

Dee18

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That I could repair my year old washing machine....and a leaky faucet.
And that I could save a much higher percentage if my income, enough that I have no money worries.  A great feeling.

Snow White

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I actually retired somewhat early (age 60) after dragging my feet for literally years.  I had "just one more year" syndrome in a bad way.  I've always been frugal and lived below my means but it took reading all of the MMM posts (and comments) over a year ago for me to realize that it was fear keeping me at work and not financial need.

Now I can't believe it took me so long to make the leap into retirement.  The financial services industry promote the ideas that you have to accumulate a ridiculous amount of money to retire and will spend a ridiculous amount of money in retirement.  I am grateful to MMM and this community for debunking the myths and putting hard numbers down.

CanuckExpat

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Not to de-rail, but I'm curious about the overnight oats people have mentioned a few times. Do you like it for the taste or convenience, and how does it compare to making hot oats in the morning?
I eat quick-cook rolled oats essentially every morning, I enjoy it and find it relatively quick. What am I missing by not trying overnight oats? :)

EarlyRetirementGuy

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That you don't need millions saved to retire. I was already running a >50% savings rate and yet fully expecting to keep working right up until age 67. Madness.

Bob W

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What a great thread this is!

ThriftyD

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I've learned a great deal about Stoicism as a result of this blog.  I've learned that happiness and 'freedom' does not come from fulfilling my desires, but rather removing those desires altogether...whether it be money, a fancy car, fancy dinners out, a bigger house, etc.

ALSO, I've learned to turn off the news and noise about politics, war, celebrity bs, etc and put more focus on my direct Circle of Control. 

Not to say I've fully mastered these two concepts yet but I'm conscious of them and working on them!

MrsSmitty

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Not spending money is the best way to save money.  I know - so simple and yet looking back over my life - I wasted a lot of money on junk.

So this. I used to "go shopping" all the time. I've gone cold turkey since discovering MMM. It's amazing how much money I have left at the end of the month when I don't spend it.

odput

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Focusing on saving is way better than focusing on investment gains...I used to stress about getting another quarter percent here or half there...now not so much

from http://www.mrmoneymustache.com/2011/04/26/why-hardcore-saving-is-much-more-powerful-than-masterful-investing/

Quote from: MMM
So the difference between average and amazing investors is 4-to-1.
The difference between average and Mustache-level SAVERS is at least 10-to-1!!

PeteD01

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Before I found this blog, I:

Cut my own hair
Adhered to stoic principles
Used crystal deodorant
Walked to work
Had a 70%+ savings rate (only after my DW decided to FIRE)
Had to be dragged to restaurants
Invested in index funds
Lived in a house with rental income opportunity
Was a cyclist
Did not subscribe to cable
Did not have TV whatsoever
Had a prepaid phone plan
Had no debt apart from the mortgage
Had a large enough stache to be marginally FI
Fixed my stuff as much as possible myself
Etc.

After discovering the blog I continued with all that but realized:

That there are quite a few people who also get how batshit crazy the world around us is
That I didn't know enough about certain uninteresting insurance products
That I was wasting money by not using a rewards CC
« Last Edit: August 14, 2014, 04:18:23 PM by PeteD01 »

darnlaura

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The things that spring to mind have to do with my house. Practically, it's been great advice just to insulate better. Our house is old, strangely built, and badly insulated. We could add some in the attic and replace the front door and probably save a lot of money. I feel like the past five years we've basically been throwing money away on electricity bills.

Other things relating to the house:

--We have a very large, very inexpensive house (2600 sq ft for less than $150k). After I started reading this blog, I suddenly became aware of what a great deal it was, even for this area, and how much we'd be giving up to move to a nicer, more conventional house. We live within walking distance of my husband's job and both of our children's schools, and I work from home. I've been very, very tempted recently to trade up, and it's great to be reminded of what I already have.

--It will be much easier to stay here if I get my act together and actually do some work on it. I needed to hear that I can do my own labor and that I'll get good experience from it. This has the potential to be a very nice place if I'd put in the time learning ( and relearning) how to do things myself.

To Be Free Stache

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Three things for me:

* MMM's high savings rate.  I had never heard of such a thing!! 

* Not using budget categories as a reason to spend money.  MMM examines almost all expenditures for needs, reasonableness, etc.  Before MMM, if there was money in a monthly budget category, that money was for spending, without much additional thought.  Hey, if the money is in the "budget," it must be okay to spend it!

* "Retiring" before the age of 65 (or older).  What a concept!

This is a great topic and thread.

Goldielocks

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From MMM. Shockingly simple math...  And showing that a family is able to live wonderfully without much compromise on a little money.  When I carve out what I would not miss greatly from my lifestyle,, there are not too many expenses left.

From forum..  Communicating with one's spouse is the only way to achieve your true goals.  I am still working on this, but why did it take a forum blog to make me listen to what my husband has been asking me to do for the past 10 years?  Thanks to all of you for sharing your real life situations with this.  I can do it.

hokiegb

  • 5 O'Clock Shadow
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  • Posts: 40
I still don't cut my own hair, but after reading this blog I convinced my wife to cut mine for me. And I have gotten several compliments on it!

That if you soak rolled oats in water or milk they magically turn into minute oats.

And that I should have enough to retire a few decades before I thought I could.

steveo

  • Handlebar Stache
  • *****
  • Posts: 1928

How little money you need to retire.

I think, even without MMM, I would have done alright financially.

This is the best idea I got out of this blog. My wife and myself aren't big spenders and never have been. I also will be rich at some point as I'm in a decent job. I thought though that retirement simply wasn't an option. Now I know that it is an option.

Cheddar Stacker

  • Magnum Stache
  • ******
  • Posts: 3700
  • Age: 45
  • Location: USA
I heard the phrase: "happiness isn't getting what you want, it's wanting what you've got" many, many times in my life. It made some sense but I always sort of blew it off. However, what I've learned and implemented from the blog has turned the above phrase from nonsense to reality. Stoicism is great.

stuckinmn

  • Stubble
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  • Posts: 110
  • Location: Minneapolis
As many others have also already said, mine is the shockingly simple math behind retirement/millionaire is made $10 at a time. 

I was always fairly thrifty in that I easily saved over 25% of my income and never cared enough what people thought to spend my money on status things.   But I was absolutely bleeding cash on a bunch of dumb habits and convenience things- eating out, diet coke and tobacco habit, stupid cell phone, cable and vonage plans, etc. 

Since January, I've cut all those back and freed up over $1000 month, and reduced my required FIRE number by over 300K in the process.   

Lizzy B.

  • Stubble
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  • Posts: 116
  • Location: Texas
Wow, all!  These are really inspiring.  I hope Mr. and Mrs. MM’s hearts glow when they read these!

I’ll second (or 20th) the hair cutting thing.  I still don’t do mine, but I do the dog and my husband.  I can’t imagine why I didn’t think of this before.  It’s the perfect example of how little things add up over time.  None of us will fund our RE’s on DIY haircuts, but the philosophy behind the haircuts (i.e. “wow, I can do insert random task here myself!”)  really matters.

Also as others have said, the idea that money could buy us control of our time, and that it didn’t take an impossibly large amount to do it.  Before discovering MMM, we had a reasonably good savings rate (40-45%) but didn’t have any clear goals as to why we were doing it.  Without clear goals, it was hard to stay focused on saving that, let alone increasing our savings rate.  Now though, we know what we’re aiming for.

Full speed ahead!

chouchouu

  • Bristles
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  • Posts: 340
Costing groceries by dollar to calorie. Brilliant! I live in Sydney and despite our hcol our groceries cost nothing.

happy

  • Walrus Stache
  • *******
  • Posts: 9363
  • Location: NSW Australia
I found I was paying for not just one but 2 different life insurances, and I didn't need either. I paid attention to what I was spending and did some math.
I worked out how fun it was to track net worth parameters and make projections on a spread sheet.

hoppy08520

  • Stubble
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  • Posts: 101
I've been biking to work for 23 months now. I give MMM some (but not all) the credit for motivating me to start. Once I started, I needed no more motivation -- I never want to drive to work again.

On a more mundane note, thanks to MMM I line dry the laundry.

2ndTimer

  • Magnum Stache
  • ******
  • Posts: 4607
That the bike is an actual form of transportation.  We used to bike everywhere then we moved to a place that was not bike friendly and we became car clowns.  Now we live in a place that very bike friendly again but we are still driving the cars.  Facepunch!!!! We have decided that our next vacation will be bike camping which will help get us focussed.  All those trips to the grocery store can be "training"