Frugal 'Weirdos' Retire at 33

tintin82

tintin82

tintin82

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Anyone here live like the Frugalwoods or Mr Money Moustache and have a plan to retire ridiculously early?

http://www.frugalwoods.com/

http://www.mrmoneymustache.com/

Interesting reading their blogs. Hats off to them for abandoning consumerism and embracing living a life without work.

As much as I could try to emulate their way of life, I don't know if I would want to give up buying the latest PC hardware :)

Guess it helps if your hobbies have a low impact on the wallet.
 
I wonder how much they make from advertising.
I read these things and just think its mostly common sense, maybe i am more froogle than i give myself credit.
 
So they've saved like mad and put a decent deposit down on a house with a good mortgage, which they're paying off with the rental income on their first house purchase.

Then working from their new house that they've bought?

Doesn't sound especially frugal to the levels I was expecting (sold everything, bought house outright, lived off the land and up/free/re-cycled gear), it does sound savvy mind.
 
tintin82 said:
Anyone here live like the Frugalwoods or Mr Money Moustache and have a plan to retire ridiculously early?
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I retired at 35.

I wouldn't say I've lived overly frugally though - but I have made good financial decisions/investments and not done daft things like buy brand new cars, blown £20k on a wedding or had extravagant holidays etc.
 
tintin82 said:
Interesting reading their blogs. Hats off to them for abandoning consumerism and embracing living a life without work.
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I wouldn't say hats off to them, what they do simply isn't feasible if lots of people were to chose to do it. Unless we fancied going back to all having the sort of life expectancy/standard of living that people in the middle ages had.

They can, currently, still get back into the real world if they have serious health problems for example and that relies on other people working and paying taxes so we can then run hospitals and have other infrastructure. It is also consumerism that still allows them to make a living either from renting property, selling advertising etc..

They've not really abandoned consumerism, they're just doing what super wealthy people have done for centuries albeit on a relatively tighter budget for modern times.
 
amigafan2003 said:
I retired at 35.

I wouldn't say I've lived overly frugally though - but I have made good financial decisions/investments and not done daft things like buy brand new cars, blown £20k on a wedding or had extravagant holidays etc.
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Jealous! I had to wait until I was 38! :p
 
amigafan2003 said:
It's ok, the pedants will be here soon to debate the definition of "retire" :D
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I expect no less! I'm actually thinking of finding a little job somewhere, as I'm finally getting a bit bored after 12 years.
The idea of people having to work until their 70's fills me with horror.
 
I'm pretty frugal on everything except PC hardware. I don't buy absolute latest but for example if I need an upgrade I'll get it. Only because of amount of time I spent at my pc and how much I love certain games etc.
 
Uther said:
I expect no less! I'm actually thinking of finding a little job somewhere, as I'm finally getting a bit bored after 12 years.
The idea of people having to work until their 70's fills me with horror.
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Yeah - after a year I started a degree to keep me busy. That and bbq's in the middle of a weekday afternoon and jaunts out in the Westfield should keep me happy for a while :-) Then there's the model railway, mountain biking, gaming, ebikes, joinery, cooking, strength training etc. I have less free time now than when I was working!
 
Can't think of anything worse than retiring at 30. Find something you love and get paid to do it.
 
daz said:
Can't think of anything worse than retiring at 30. Find something you love and get paid to do it.
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That is impractical for most of the working population. Regardless, that is the whole point of retirement to do the things you couldn't because you were working all the time.
 
amigafan2003 said:
Yeah - after a year I started a degree to keep me busy. That and bbq's in the middle of a weekday afternoon and jaunts out in the Westfield should keep me happy for a while :-) Then there's the model railway, mountain biking, gaming, ebikes, joinery, cooking, strength training etc. I have less free time now than when I was working!
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This is really interesting. I appreciate you might not look at it this way at the moment, but how do you feel about filling your time with what are essentially "aimless" hobbies?

Please don't take it the wrong way, it's not meant to be offensive. Do you think you will eventually want to do something "bigger"? As in challenging yourself massively outside your comfort zone... I guess I'm asking - what gets you out of bed in the morning and what do you look forward to tomorrow, next month, or next year? At the moment it sounds like you're on holiday. :)
 
diamount said:
That is impractical for most of the working population. Regardless, that is the whole point of retirement to do the things you couldn't because you were working all the time.
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think you've missed the point - for the majority of the population retiring that early is impractical too... but given a situation where you could retire early you probably could also find something you love doing
 
daz said:
This is really interesting. I appreciate you might not look at it this way at the moment, but how do you feel about filling your time with what are essentially "aimless" hobbies?

Please don't take it the wrong way, it's not meant to be offensive. Do you think you will eventually want to do something "bigger"? As in challenging yourself massively outside your comfort zone... I guess I'm asking - what gets you out of bed in the morning and what do you look forward to tomorrow, next month, or next year? At the moment it sounds like you're on holiday. :)
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well if he's working full time towards a degree then he's more like a full time student with lots of hobbies than they typical retiree... and if he decides to take up full time work after that degree then he's not really retired after all
 
I missed the bit where he's doing his degree. That's cool. I just wondered whether you'd get to the point where you'd be bored of what is essentially being on holiday. I am usually itching to get back to work after a break... But maybe I'm just a workaholic. :p
 
D3K said:
And retiring early is more practical?
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Yes, that just takes savings and investing wisely as pointed out earlier. You don't need to be a lottery winner to do that.

daz said:
I missed the bit where he's doing his degree. That's cool. I just wondered whether you'd get to the point where you'd be bored of what is essentially being on holiday. I am usually itching to get back to work after a break... But maybe I'm just a workaholic. :p
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Well, if people say they are bored due to retirement then they are obviously not partaking in fulfilling activities.
 
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