Thursday, February 26, 2015

Vox interviews Mr. Money Mustache

Some highlights include:
"The first trick is to remind yourself that buying something — pretty much anything — is very unlikely to improve your long-term happiness. Science figured this out for us long ago, but not many people got the memo. Go to your junk electronics drawer and look at your old flip phones or your dusty iPad 1. Look at the clothes you've recently pruned from your closet that are now headed to the Goodwill. You traded a lot of good dollars for those, not very long ago at all. Are they still making you happy today?"
and...
"Investing is scary until you understand how simple it is. The key for me was to recognize that stocks are not gambling instruments - they are slices of ownership in real, productive companies that will work with you for life. You eliminate all the risk by holding thousands of stocks simultaneously through a low-cost index fund."
and...
"For me, early retirement has never been about ceasing work or productive activity. Just breaking free of working to somebody else's agenda and schedule, or having the threat of running out of money influencing my decisions of what to work on. The good life is all about plenty of hard work doing stuff you love to do."
The interview is interesting throughout, and can be read here.

No comments:

Post a Comment