You need to check this out! Mr. Money Mustache, aka MMM, shows on www.mrmoneymustache.com how you can go from spending 43 years working to retiring in 7.5 years. Don't most people want to retire?
Mr. Money Mustache showed how typical after tax salaries of 140K are spent. People who save 15.16% spend 43 years working until they can retire. However, Mr. Money Mustache managed to save a whopping 103K or 74.07% of income and retire in 7.5 years!
All it took was a little budgeting and modifying one thing: spending habit. This translates into my world as percentage saved each month (see sizusfinlit.blogspot.com). Would you be willing to spend a few hours each month if it meant you could save 36 years of work?
Do you think Mr. Money Mustache is extreme or do you think society has gotten extreme? I can't do this alone. I need your help. What other cool things can you find on Mr. Money Mustache's website? Any good tips or thoughts?
This post was reposted from http://finlit.biz/retirement-2/how-did-mr-money-mustache-do-it/, originally written on January 22nd, 2013.
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