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fruition posted:Anyone who calls themselves a "Mustachian" is bad with money, as well as a tacky loser. imho I actually like some of his stuff about voluntary discomfort and roughing it a little bit. But the NY thing was really grating. I mean, those people were basically living so well in NYC because they were scamming their landlords and taking advantage of rent control laws that are supposed to help low income people. And he used it to to wag his finger at people that complained that it was hard to live frugally in NYC. So yeah, that pissed me off a bit.
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Feb 25, 2015 03:41
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slap me silly posted:I have a brand new honda fit with leather seats and I haven't felt guilty even once   
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Feb 25, 2015 03:42
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BUT I BOUGHT MINE NEW
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Feb 25, 2015 03:42
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enjoy working til age 99, car clown 
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Feb 25, 2015 03:43
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slap me silly posted:That post is extremely condescending. He doesn't just say "Here is how I reduce my spending". He literally says "If you use a car instead of a bicycle to carry heavy things, you are not a real human". Really: http://www.mrmoneymustache.com/2014/06/23/how-to-carry-major-appliances-on-your-bike/ Is it just me, or is towing 300-600 pounds behind an ordinary bike kind of dangerous, at least with respect to braking?
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Feb 25, 2015 03:44
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In all seriousness a Honda Fit is my top choice next time I have to buy a car (hopefully not for several years yet) and while I would start searching for used ones I wouldn't say no to a new one.
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Feb 25, 2015 03:45
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I actually know a guy who bought a bike trailer so he could do that, then he never did that. And yeah, bike brakes are pretty iffy unless you get the disc kind. I not only got the new honda fit, I got the luxury poo poo (sport model with leather). Can recommend. It's surprisingly capacious. Won't really hold a 4x8 plywood but other than that it's really good for cargo.
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Feb 25, 2015 03:45
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The Fit is nice, but stylish it is not. I've driven a Fit and a Civic and I vastly prefer the Civic's handling and looks. Edit: Please don't follow my lead and make this thread car chat.
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Feb 25, 2015 03:56
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Depending on where you live, a car is probably a good investment. Most people don't need the shiniest, whizzbangiest model around, though. I can't really imagine hauling 300-600 pounds on a bike in my state of health, especially in Texas (I'd probably end up a red smear on some chevy truck's grill).
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Feb 25, 2015 04:46
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Do never bicycle in Texas.
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Feb 25, 2015 04:46
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slap me silly posted:Do never bicycle in Texas. It's true. Sorta. Don't get me wrong, I imagine Austin and a few other places probably have a few bike roads/safe bicycling spaces. They recently painted some bike lanes in at my old apartment complexes and most people just treated it like extra road space. And it didn't even go all the way down the road. Around here, it's pretty much cars and trucks and cars and trucks. I'm sure you'd be fine going to work or something, but hauling appliances or whatever... good luck! But hey, technically, emergency room bills are probably a lot more than the cost of a car. Savings!
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Feb 25, 2015 04:52
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I watched some guy drive quickly the wrong way down a one way road, using the bike lane. This was in downtown Chicago - he could have driven one block further...
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Feb 25, 2015 05:16
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I've been bicycle-only in Williamson County for three years. Do not follow my example.
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Feb 25, 2015 05:32
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fruition posted:He's a multi-millionaire internet marketer who's created a cult following. Needless to say, one should take everything internet marketers say with a pinch of salt. Just because he's telling a story doesn't mean he's telling the whole story. Calling people "Car Clowns" polarizes people, incites emotional responses and rallies the troops. Hahaha "The Bad With Money Megathread: I feel a pang of guilt whenever I get into my pre-owned 2014 Kia Sorento"
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Feb 25, 2015 06:28
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Aliquid posted:I've been bicycle-only in Williamson County for three years. Do not follow my example. You are loving insane.
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Feb 25, 2015 06:28
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zamin posted:You are loving insane. Or immortal with legs of steel...
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Feb 25, 2015 06:29
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Aliquid posted:I've been bicycle-only in Williamson County for three years. Do not follow my example. If they can't pull you over for speeding, what on earth do they hassle you for? Failing to signal turns with your hand?
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Feb 25, 2015 06:50
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SpelledBackwards posted:If they can't pull you over for speeding, what on earth do they hassle you for? Failing to signal turns with your hand? hahahaha, my only Really Bad Experience with the county police was making the mistake of standing in my yard with my Arabic friend, both of us wearing hoodies. That was worth four hours face-down in handcuffs. vv It was suburban Cedar Park, I was asking for it i say swears online fucked around with this message at 07:34 on Feb 25, 2015 |
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Feb 25, 2015 07:18
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Aliquid posted:That was worth four hours face-down in handcuffs. 
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Feb 25, 2015 07:29
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Dangit Ronpaul posted:Ding ding ding Well gee! I've always been low-income -- my parents have never made more than $50,000 a year combined income -- and we've always managed to get by with a fairly decent existence. At least, I've never really felt "impoverished". I guess frugality is just how I've become accustomed to living my life; it's normal to me, it's comfortable at this standard. For hobbies, I just find cheap things to do, like drawing, reading library books, or just hang out with friends in public places. But working, having to go to a physical place of work, is just so onerous and so annoying to me, that I'd be entirely content on a $30-40K / year standard of living if it meant never having to work for the rest of my life.
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Feb 25, 2015 07:37
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Blackjack2000 posted:Tech millionaires that don't understand art collecting are bad with money. More like diamond rings.
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Feb 25, 2015 08:16
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fruition posted:Driving a newer model car is a pleasurable, worry-free experience compared to driving my lovely mid-90's model beater. quote:Anyone who calls themselves a "Mustachian" is bad with money, as well as a tacky loser. imho quote:But working, having to go to a physical place of work, is just so onerous and so annoying to me, that I'd be entirely content on a $30-40K / year standard of living if it meant never having to work for the rest of my life.
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Feb 25, 2015 08:27
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I suspect like many things in life, there's no 'one size fits all' thing and that a lot of it really is moderation and finding out what works for you. I'd probably keel over and die riding a bicycle too far, and then some poor sap has to scrape me off the side of the road. For me, a nice/decent car is a good investment. There is a point where a beater is too much of a loss in repairs to make the savings worth it. Unfortunately, like many things in life, some people make it a competition or just go crazy overboard with it - frugality included. If you wanna mustache it up and can do so safely, by all means. But some of his tips seem to be incredibly unrealistic at best and harmful at worst. As for bad with money, a neighbor of mine here cut a line to the internet and power (separate occasions) trying to save money digging a pool in their yarn. I think it ended up being more in the end and he still shoots us all glares when we go outside.
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Feb 25, 2015 09:26
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Cockmaster posted:Really: Yes, you should probably use something sturdy with disc brakes to do that. And avoid all kinds of downward slopes.
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Feb 25, 2015 11:44
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Or as someone who used to be that friend with a truck who was constantly asked to help move things, find a friend with a truck to help. (Just don't forget to offer gas money.)
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Feb 25, 2015 13:26
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Having generous friends is good with money  Being a generous friend is bad with money 
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Feb 25, 2015 14:12
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Cockmaster posted:Really: That is an $1100+ trailer he bought. Home Depot truck rental is like $30 a pop. Bad with money.
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Feb 25, 2015 14:16
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Barry posted:That is an $1100+ trailer he bought. Home Depot truck rental is like $30 a pop. Bad with money. In the article he even says he has a gutted minivan explicitly for this purpose. He says he would need to use the trailer for 1500 miles before it pays off itself. His house is a five-minute walk (so I'm guessing .25 mi). So he only needs to haul 3000 appliances before his stupid trailer pays for itself. Oh and if he drops an expensive to replace appliance because of his ill-conceived idea, well. . .
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Feb 25, 2015 14:23
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Seriously. Such a weird purchase for a typical homeowner. It just doesn't seem like there's any way for someone that wouldn't use that in a professional capacity to ever glean that much value from it.
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Feb 25, 2015 14:27
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DrSunshine posted:Well gee! I've always been low-income -- my parents have never made more than $50,000 a year combined income -- and we've always managed to get by with a fairly decent existence. At least, I've never really felt "impoverished". I guess frugality is just how I've become accustomed to living my life; it's normal to me, it's comfortable at this standard. For hobbies, I just find cheap things to do, like drawing, reading library books, or just hang out with friends in public places. But working, having to go to a physical place of work, is just so onerous and so annoying to me, that I'd be entirely content on a $30-40K / year standard of living if it meant never having to work for the rest of my life. Well yeah, most people would, I think. But to do early retirement with a 30-40K/yr standard of living means you need to be making considerably more than that when you're working. If you try to scale it down to somebody who's only making 30-40K/yr (or more in a high COL area) though, you reach a point where early retirement basically entails spending your 20s and 30s living like a welfare recipient, so you can retire at 40 and spend the rest of your life doing same. That's not going to be attractive to anybody but the gooniest of goons, which is one of the big reasons where the MMM backlash comes from - the whole ER thing doesn't really scale well at all to lower income levels, yet he presents it as something anybody can or should do, which leads to people doing Extreme Cheapskates poo poo to try and make the whole scheme work on 25K/yr and giving the whole thing a bad rap.
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Feb 25, 2015 14:36
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Dangit Ronpaul posted:the whole ER thing doesn't really scale well at all to lower income levels, yet he presents it as something anybody can or should do, which leads to people doing Extreme Cheapskates poo poo to try and make the whole scheme work on 25K/yr and giving the whole thing a bad rap. He very explicitly does not do this. I can't find a post to cite at the moment, but he's said multiple times that his early retirement message is intended for households making a decent income ($50,000+ is what I recall seeing). The savings tips are obviously for everybody, but he doesn't expect that someone making $35,000 is going to be able live on 25% of their income as easily as someone making $90,000.
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Feb 25, 2015 14:49
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Barry posted:Seriously. Such a weird purchase for a typical homeowner. It just doesn't seem like there's any way for someone that wouldn't use that in a professional capacity to ever glean that much value from it. Are you denying the gospel of Trailer Equity?
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Feb 25, 2015 15:07
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The whole mmm / financial independence thing boils down to two simple facts. Absolute money amounts are kinda irrelevant. Percentage saved is all that matters. If you save x% you can work out how longish that will take you to get to a retireable amount knowing you need 100% - x to keep the same standard of living. If thats too long find ways to up x and the amount you need goes down (or earn more but thats often harder). If thats living too frugal lower x and find your new retirement date. Everything after that is fluff, clickbate, ideas and further explanation of that single point.
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Feb 25, 2015 16:10
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BBC News - Luxury: Worth every penny? http://www.bbc.com/news/business-31091301 We spend $340bn a year on luxury items we don't need. Why? quote:At Edmiston, its TV yacht costs €850,000 ($960,000; £630,000) a week to hire  quote:But if a product becomes too popular, it loses its luxury appeal. After all, as Simon Peck, of House of Luxury, puts it: "When your chauffeur owns the same watch as you, it's time to look for something a little more interesting."
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Feb 25, 2015 17:08
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DrSunshine posted:But working, having to go to a physical place of work, is just so onerous and so annoying to me, that I'd be entirely content on a I'd be living the high life in latin america somewhere 
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Feb 25, 2015 17:46
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Luxury is funny, because a lot of it relies on being really expensive or low-production/handmade to be exclusive. Sometimes they're neither. I've heard that industry analysts think that there are upwards of a million Rolex watches produced each year. And in the age of cheap credit where people can buy things they cannot afford, a $3,000 handbag is the new $500 handbag. That's the story with all fancy clothing, luxury cars, early adopter/high end electronics, and expensive accouterments. You didn't make that, you only bought it. (almost) Anyone can do that. edit: I can't remember if it was a book or magazine article I read, but it talked about designer item obsessed young single people in Hong Kong and Tokyo. They can't afford real estate (who can?), so they live in these 150 sqft apartments or with their parents and collect designer stuff. This guy had a Hermes bag that he would wear gloves to touch, wore to and from work, and would put it back in the box every night after making sure it was perfectly clean. He at every meal out, unwilling to cook in his apartment because he didn't want his expensive clothing and leather goods to pick up cooking scents. canyoneer fucked around with this message at 18:47 on Feb 25, 2015 |
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Feb 25, 2015 18:41
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canyoneer posted:Luxury is funny, because a lot of it relies on being really expensive or low-production/handmade to be exclusive. Sometimes they're neither. I've heard that industry analysts think that there are upwards of a million Rolex watches produced each year. Handbags that aren't bought from Walmart or Target, bad with money.
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Feb 25, 2015 18:58
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HonorableTB posted:Handbags that aren't bought from Walmart or Target, bad with money. Buying any handbag instead of making your own from tanning the excess hide from a wild deer you
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Feb 25, 2015 19:05
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SpelledBackwards posted:Buying any handbag instead of making your own from tanning the excess hide from a wild deer you this is a joke, but this is something I am actually learning
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Feb 25, 2015 19:24
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HonorableTB posted:Handbags that aren't bought from Walmart or Target, bad with money. Handbags that are made at the absolute lowest possible cost are bad with money, as they don't last. Get a Timbuk2, L.L. Bean, or something else that's nice on firesale for $15-30 and enjoy the lifetime warranty.
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Feb 25, 2015 19:27
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