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by falcolas 2401 days ago
Mr. Money Moustache is a terrible example. He (and his wife) had a $200k+ job within a year or two out of college. He is still working. He is making money off his website and as a motivational speaker. He has to spend a significant amount of time managing his investments to ensure that they keep an average of over 4% return.

MMM's lifestyle works well for MMM, because of his circumstances. Those circumstances don't easily carry over to the general populace.

2 comments

Where I fell off the MMM train, within hours of discovering it, was a post about healthcare costs on the individual market where he wrote about how cheap they could actually be...

- If you had enough money in the bank to cover an extremely high family deductible for a year without it causing serious pain, if something bad happened, AND ALSO

- Two adults either of whom could, in months if not weeks, land a job with decent to excellent pay and a much better family insurance coverage, so there's almost no risk of having to pay that high deductible more than once, worst-case scenario is one of you has to work for a while.

Like yeah, no shit buddy, if you have in demand skills and are already rich health care can be cheap. Stuff's cheaper for the rich, news at 11. Thanks for the advice.

Then what really got me were the people in his comments section (can't recall if he was down there too, but he certainly didn't discourage it) shitting on anyone who even ever so timidly pointed out that this advice was entirely useless—no part of it actionable—for people who were still trying to become FIRE-tier rich, despite its being presented as generally useful advice and a tone of "I don't get why people complain about health care costs, what dummies!" throughout the post.

“Coming up at 11, rich people don’t understand why poor people don’t just stop being poor.”