3518c04180 Sounds like very run-of-the-mill financial advice and nothing special. Reply burntout November 6, 2011, 9:33 pm From another indian guy . Reply Nerode November 7, 2011, 3:46 pm Quentin, kudos for admitting your wifes advice was good I hope youve told her as well as us! Secondly, recognising your comments to do with if only I knew this earlier as being true for me too, I can only say its never to late to do it right. Although it is of course strictly up to people to adopt what they want, I favor an all or nothing, that is, an extreme approach. Ramit has a few good ideas, but his overall philosophy is flawed (too simplistic for the sake of soundbites/sales). Reply MMM November 6, 2011, 12:11 pm Excellent Mark! Yeah, I think that having people focus on increasing their income up to a certain point is very valid Id personally set the upper limit of usefulness as somewhere around $100k per person. Straight out of college I hired in at a company that had a defined pension plan because retirement was a concern for me (and that plan did not work out&pension was frozen).
His advice is geared at 18-25 year olds who have received little to no personal finance education and quite honestly have absolutely no desire whatsoever to retire early. (And once again, Im spending $8k per person per year and live like a king). Bill Mollison Reply Kim November 8, 2011, 4:33 am How refreshing to read your review of Ramit. I also agree with you that there are some young folks who get it right off and buy in to the MMM lifestyle, and thats awesome, but its not the majority and we know that. Now that the debt is gone, my wife and I are building wealth and financial independence looks like its about 10 years away. connect welcome new readers Take a look around. I found this book review somewhat disingenuous as it only attacks points that are easy to attack in MMM terms and overlooks or totally misunderstands the other relevant portions of what it is teaching. Do you have plans to expand your Mustachian empire to include email newsletters, books, coaching, webcasts, courses, etc, like Ramit has? Reply MMM November 6, 2011, 12:06 pm Expanding the Mustachian empire to sell stuff? Definitely not! Its not that I think theres anything wrong with those activities. Wherever I move to next, I know I will be able to quickly meet new people and stay in shape! But Im still trying to heed your words! Right now Im spending about 45% of my take-home salary granted this will soon be 65% because Im moving to a new apartment.
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