Mr. Money Mustache is the internet’s poster child for early retirement. At age thirty, Pete Adeney was able to leave a lucrative job as a software engineer to focus on building a financially free life. He brought the FIRE movement to the mainstream by teaching others online how simple spending skills could allow them to quit their corporate jobs, keep more money while working less, and live a life centered around passion, not a paycheck. His popular blog has garnered millions of visits, as early versions of himself flock to the financially-freeing wisdom so rarely talked about in average American society.

Pete has been retired for nearly twenty years now, meaning he’s been FIRE more than double the amount of time he spent in the working world. So, how does he spend his days? What keeps him going? Does he still have enough money? And how can someone repeat his system? Scott and Mindy spend this episode asking the “life after FI” questions, so you can know exactly what you’re getting into when you retire early. Pete’s answers shed light on often untouched topics that most of the money community can’t answer.

We’ll go deep into planning for financial independence, developing “spending skills” that can bring early retirement decades sooner, and the right way to quit your job and wean off work. Pete also shows what the day in the life of an early retiree looks like and how today’s stock market crash has affected his portfolio. Want to retire early? Strap in—we’ve got the man who brought FI to the masses on today’s show!

00:00 Intro
03:24 Why FI?
07:08 The Freedom of a Low-Spend Lifestyle
11:37 Quitting His 9-5
17:53 More Money Won't Help
21:52 An Endless Saturday
30:26 Is Early Retirement Worth the Hype?
40:44 The Skill of Spending
50:20 Thoughts on Today's Stock Market Crash
58:52 Stocks vs. Bonds
01:04:41 Get Money Out of the Way!

Show Notes at:
https://www.biggerpockets.com/blog/mo...
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Hear Pete’s First BiggerPockets Money Episode:
https://www.biggerpockets.com/blog/bi...
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Listen to Our Interview with 4% Rule Founder, Bill Bengen:
https://www.biggerpockets.com/blog/bi...
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Connect with Pete:
https://www.mrmoneymustache.com/
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Tools and Resources Mentioned in Today’s Show:
cFIREsim: https://cfiresim.com/
Choose FI Meetups: https://www.choosefi.com/community/fi...
Early Retirement Extreme: https://earlyretirementextreme.com/
Mint Mobile: https://www.mintmobile.com/bpmoney
Multpl: https://www.multpl.com/shiller-pe
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Mindy: https://www.biggerpockets.com/users/m...

Episode 377

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