Is this what a Mr. Money Mustache Economy would look like?

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PhillyPhan
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Is this what a Mr. Money Mustache Economy would look like?

Post by PhillyPhan » Thu Mar 26, 2020 8:14 am

There has always been a response to MMM principals that if everyone embraced them the economy would suffer. Now I understand this is extreme as MMM principals would not shut down schools and other businesses, however it does seem similar in a way (no dining out, shopping, gasoline, etc.).

livesoft
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Re: Is this what a Mr. Money Mustache Economy would look like?

Post by livesoft » Thu Mar 26, 2020 8:15 am

Yes, I think so. However, most of these 3+ million filers for unemployment will not start early retirement blogs.
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PhillyPhan
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Re: Is this what a Mr. Money Mustache Economy would look like?

Post by PhillyPhan » Thu Mar 26, 2020 8:19 am

livesoft wrote:
Thu Mar 26, 2020 8:15 am
Yes, I think so. However, most of these 3+ million filers for unemployment will not start early retirement blogs.
In hindsight, is it safe to say his recommendations for "fluff" economic activity (in his view) were reckless or not?

nigel_ht
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Re: Is this what a Mr. Money Mustache Economy would look like?

Post by nigel_ht » Thu Mar 26, 2020 8:22 am

PhillyPhan wrote:
Thu Mar 26, 2020 8:19 am
livesoft wrote:
Thu Mar 26, 2020 8:15 am
Yes, I think so. However, most of these 3+ million filers for unemployment will not start early retirement blogs.
In hindsight, is it safe to say his recommendations for "fluff" economic activity (in his view) were reckless or not?
Given that his income derived from his blog there will always be clickbait because that’s required for a highly successful site.

I’m a fan of FIRE even if I’m a bit old for the E part but all the popular sites have to be taken with a grain of salt.

livesoft
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Re: Is this what a Mr. Money Mustache Economy would look like?

Post by livesoft » Thu Mar 26, 2020 8:23 am

PhillyPhan wrote:
Thu Mar 26, 2020 8:19 am
In hindsight, is it safe to say his recommendations for "fluff" economic activity (in his view) were reckless or not?
No. The world needs fluff, so it is not safe to say that. Indeed, if one has a lot of fluff spending, then that may make one more anti-fragile if they have built up a nest egg. For instance, if we take charitable giving out of our budget and eating out 5 nights a week, then our spending goes way down if we want it to.

One might say though that one should not have a job providing fluff to others.
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Re: Is this what a Mr. Money Mustache Economy would look like?

Post by prudent » Thu Mar 26, 2020 8:46 am

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