Reply to Mr. Money Mustache may be frugal, but he's high income.

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Reply to "Mr. Money Mustache may be frugal, but he's high income."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I find it really ironic that he got rich by being really, really good at being poor.  It's almost as if there is a lesson here somewhere, but I can't quite get my head around it.

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+1.
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he's not really good at being poor he's really good at making a lot of money at a software engineering job and rental income  and then investing it and living frugally off  plus blog income.

I used to get really interested in people who who FIRE until I ralize that almost all of them had some very cushy job (mostly software engineers) and then they could afford to save 70% of their income because they were making something like 150,000 or more a year. and you'll notice that while they're very open about how much they save their incredibly close lipped about how much they make from their jobs because that takes away the illusion that any person can save at some crazy rate and be able to save the money to retire early.

and of course when you point this out the fire community gets super defensive about it and claims anyone who critcizes them is jealous of their success or lazy or whatever.

My father-in-law is a janitor and struggles to get full-time hours due to health issues. He too lives a very frugal existence. The difference is that he will never realistically save a million dollars or whatever is the magical FIRE number is because he's making a minimum wage job.

This podcast does it really interesting job of breaking down how the FiRE community is being co-opted by investment bankers to sell savings products

https://m.soundcloud.com/citationsneeded/episode-77-frugality-fables-and-the-poor-shaming-grift-of-financial-advice-journalism
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