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

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[quote=Anonymous]In defense of MMM, I read an article on him in The New Yorker, then checked out his blog and his forum. The forum was especially helpful to me. Reading that, and a bit of Dave Ramsey, Bogleheads forum, and Babycenter's Family Finance board, helped me cut down my spending by going over my budget and automating savings. Sounds like a no brainer but I needed the inspiration of others and lots of tips and tricks. We went from saving @ $15k to $56k in retirement accounts in two years. We also saved a four month Emergency Fund and some sinking funds for home maintenance and irregular expenses (from $30k to $50k total). All without too many hits to our lifestyle -- we're not biking to get groceries. Thanks to him, and other personal finance bloggers/writers/podcasters, my DH and I are looking at one day retiring, not at 35 (that ship has sailed) but before the typical 65. I didn't even know it was possible.

That said, no, he's not really retired. He owns, rents out and maintains some real estate, and IIRC his blog empire made $400k/year a few years ago (probably much more now). But he's not punching a clock our working for someone else. Also his ex-wife has a business selling soaps on Etsy. I guess MMM is more "financial independence" than "retire early" at this point.[/quote]

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