And MMM version of FI is only one possible outcome for someone who reads the book– it allows for different versions of “enough”. The personal accounting stuff in YMOYL allows you to calculate your own personal inflation (or deflation) year on year. I look forward to another year of thought provoking and helpful posts on FI in 2013. Also did you get prefabbed glass doors for it or did you have them custom made? I was going to limit myself to standard sized plastic shower pans, but maybe I’ll reconsider. August 6, 2013, 9:26 pm, Just found this fabulous site. I love that type of shower! Nope.. you basically screw in the adjustable drain, right down to its lowest position.. then tile right around it, and of course grout everything once the tile adhesive is set. I look forward to reading it. December 21, 2012, 8:19 pm. It must have been quite a thrill for him, starting that movement and rolling it along for so long. Make a list of the things that bring happiness and the things that cause stress. In nutshell, FI is about developing two brains between your two ears. Tiling is one of the best skills for a “do it yourselfer.” It isn’t hard, saves a ton of money and the results look awesome. Then there’s other investments in multiple accounts (taxable, roth and traditional IRAs, 401ks, 529 plans)…, I’m not saying someone can’t keep all that in their head, but I certainly can’t. Is this expenditure in alignment with my goals and life purpose? The values from that report are added to a row in a “dashboard” spreadsheet I maintain, which gives me a nice high-level overview of passive income versus all my broad expense categories. And you are a little more focused on the 20% part, because that is the stage you’re in. For me, their would be no substantial change in spending habits gained by doing so. For each of the categories above, ask yourself: 5: Keep a prominent (i.e. Ladymaier Workworkwork, Buybuybuy, TrashDestroyWaste, Die. Yes to keeping a chart with your budget (or net worth) visable for everyone in the household to see! I have a small compressor-mounted sandblaster unit and I’ve been shopping for that stuff for a while and can’t find any locally. It seems very much in line with my own feelings though. Invest in a squeegee (window wiper) that you can hang in your shower. For me, the book was a great read primarily for the philosophical aspects of it when talking of the money = life energy point of view. Mr. Money Mustache’s wife used her free time (thanks to being frugal, being out of debt, and having savings, steps 1, 2 and 3) to build a business that now covers their living expenses. Y/N is the only thing). Or in other words, the government is going to assume that people are a little more mustachian in their decision-making in the future. I read it late but for someone just starting out it could be a revelation. Here are the key points of his financial philosophy: Avoid waste. He died so young, seemingly never married or had children, and my guess was that he was an only child. As opposed to working for ‘da man’ just to pay the bills. BTW, looks like you helped someone with a financial investment, and you’ve gained a friend for life. Put mortar additive to concrete and very top layer of concrete put some layer of mortar.while concrete is still wet to tight em together. December 21, 2012, 8:44 am. Even though Mr. Money Mustache’s blog was nearing 500 articles by the time I first landed on the site, I started at the very beginning. But when trying to find out more about Joe Dominguez’s life, I couldn’t get over one sentence in his obituary: “Officials said he was survived by no close relatives.”. I tracked very faithfully for a couple of years, then slowly let it go, but am itching to get back to it. Ditra is designed on the theory that a grout joint will ultimately fail and allow a very small amount of water through the joint and back to the drain. What Joe Dominguez was to FI and RE is what Nathan Pritikin was to nutrition. Enjoy your stay in paradise! I would put a bead of caulk between the gap so that the Redgard would be able to make a solid transition from pan to wall. The newest Simcity coming to PC in March will blow everyone’s mind, very complex city simulator more focused on sustainable financial society fun and exploring different city business models. The Money Mustache Community » Learning, Sharing, and Teaching » Mini Money Mustaches . February 13, 2016, 1:36 pm. There is a few useful bits of info in this book, more particularly the chapter on investing but she never really goes in depth and just talks about these well known money folks like JL Collins and Mr. Money Mustache. the website http://www.floorelf.com was absolutely invaluable. I’m remodeling my own bathroom and instead of tile, I’m using wood in the shower, like this: http://www.houzz.com/photos/59494/Master-Bathroom-remodel-modern-bathroom-san-francisco. Like dividends that are reinvested in the asset or like regular employment income from day job? I tracked for four full years and became extremely frugal which was a good thing because after having our fifth child, my dh lost his job and spent the next year unemployed. Mostly shelf stable stuff. This involves creating a wooden form and filling it with concrete. As parents of 3, there’s only so many hours you can combine to put in a week. Good look at YMOYL. You would have to have too much of the recently legalized pot to buy the 30 year treasury bond. Am little bit progresive so I use linear shower drain. I buy one galon waterproofing membrane, in this case Red Guard, and use it for floor and lftover on walls. After you finish the bowl, tile it, and grout the tiles, you move on up to tile the rest of the shower walls. Thank you for this excellent article. Then it is easy to clean with a scrub brush when the time comes. http://www.nytimes.com/1997/01/27/us/joe-dominguez-58-championed-a-simple-and-frugal-life-style.html, So on this, and many other points, I declare MMM > Joe Dominguez. Step 2:  Figure out your Real Earnings and Spending Two questions — one, it sounds like you’re installing this over a slab (I’m assuming a slab floor in a former carport); what if any are the implications of the weight of the concrete in other contexts? MMM…..small typo….30yr US Treasuries yield 2.9% not 3.9%! :), ShavenLlama I also read this book when it first came out and LOVED it. Like poly behind the CBU or something similar. October 13, 2013, 7:26 pm. Most of it aligned perfectly with my own philosophy known as Mustachianism, but surprisingly, not all of it. Tile itself can be porous, grout isn’t a complete water barrier, nor is cement board. I searched, but have only found others (some even mentioning your method) looking for the same answer. The thing that scares me about concrete work is that if you mess up, you can’t fix it. If we were running a tighter ship, then changes in the price of eggs or heating fuel might indeed cause an unpreventable increase in our spending. Mr. Money Mustache 3. Thank you very much for sharing your method. Mr Money Mustache turns DIY. December 19, 2012, 7:59 pm. The top one is a window, although it does work as an extra shelf. A few modern video games are dwelling into passive income options in game and in real life. Are there two nooks or is the upper one a window? Since then I have read it three times-last time buying the newest version. My Wife and I had this conversation yesterday as a lucrative opportunity came up to work up north for easy $$. This is great. November 12, 2013, 7:57 pm. I had no idea I’d earned so little in my life until just now! December 27, 2012, 9:44 pm. December 19, 2012, 5:02 am. See more ideas about money mustache, finance, mustache. But you should also do the math on how much that thing is worth if it were to be sold. Where I live, several nonprofits offer tutorials on light wiring and light plumbing as well as things like laying flooring, repairing cabinets, etc. The good news is, the Internet happened. Ye have 90 degrees vertcal walls which ain’t hold no water. 2. If you bought actual assets before buying your house, you could have those assets pay for your house. Carolina on My Mind The shampoo nook which keeps your wife’s shaving razors from messing with your personal space is just a few extra cuts on the tile saw. Nowadays, even an untrained individual can sit on the couch and type some shit into the computer, and it can reach a wider audience than a successful book might have in the past. Don’t Go Shopping I also did some audio course with them that had more details about their life together. Reader Case Study – Advice on best steps to FI after Student Loans Life Situation: Married (39M) filing jointly with wife (39F) in DC Metro area. Lol. Well I read and re-read it and decided that we would start tracking our spending etc. Well yes I am. I was scared and nervous about tackling this project by myself, but the shower turned out beautiful, and I have had no problems with it. Obviously your content is easily accessible to readers via the web but a book seems to stamp something as real (whatever real is.). 4: Three Questions that will Supposedly Transform your Life: My shower is a corner that is tiled on two walls and glass on the other two. For me it was the pathway to financial independence. I loved YMOYL when I first read it in 2000. It’s a good book as the general principals are dead-on and it really makes you appreciate what your true costs of working and living actually are. Mine is over 10 years old and has served me well for over 30 projects. These things are obvious details that are easily noticed by the more experienced (gray mustache) weekend warriors like myself. In terms of the adjustable drain, all I can find at the local stores is a three piece setup with the base, a screw down collar normally used to seal down the liner to the base, and the adjustable drain. Also, I felt like he might have really understood what corruption was going on in his Wall St. career and thought that with respect to investing, you should get comfortable with investing at a most basic level (sound like index funds now?). So instead of bonds, we focus here on stocks, dividends, owning rental real estate (or its passive cousin REITs), and even a bit of wacky new higher risk/return stuff like peer-to-peer lending. Take a look around. Complaints and insults generally won’t make the cut here, but by all means write them on your own blog! But my question is what climate did he use this process in? Safety is just an expensive illusion anyway. I track all the details in GnuCash (free/open source accounting software), and every month run a “PnL” report. Buy It for Less December 19, 2012, 2:27 pm. The idea here is that your real hourly wage is much lower than you think. Out of that surprise and frustration, Mr. Money Mustache was born in 2011. Property Brothers is one of our favorite shows. http://www.lowes.com/ProductDisplay?partNumber=253149-138-420453&langId=-1&storeId=10151&productId=3133415&catalogId=10051&cmRelshp=req&rel=nofollow&cId=PDIO1. July 9, 2015, 10:42 am. Once you go through the process, there are so many possibilities, and I agree with the earlier post that you are just one path. Mr. Money Mustache didn’t retire because he was making so much money from his blog. The New Roadmap Foundation mentioned in this post hosts the Simple Living Forum where individuals discuss concepts found in YMOYL and around living more simply in general (according to each’s definition). Even better info can be had at the John Bridge forums online. Then they would move on. Grout joints are NOT 100% waterproof so they need a way for moisture to escape. How did you treat rental income from an investment property? Look into low cost and free homeowner workshops in your area. This has largely happened since my Real Hourly Wage (something I’ve continued to calculate every year) has risen into the $30/hour range. I had a rental for a couple of years. And, if you eliminate the middle bolted-on section, there will be no threads to screw on the top/grate (the threads are on/in the middle screwed/bolted section). It’s an elusive black-ops creation that almost nobody knows how to build in this country, which is why you see so many plastic showerpans out there. Since he already started up the wall for the last foot or so he could just run the RedGuard up the wall. Your Money or Your Life . December 19, 2012, 5:03 am. A very inspirational tale, and it sounds like a great project. Add up all the money you’ve earned in your life, then add up your net worth today. 63 $13.56 $13.56. Everyone around you is wasting a ridiculously huge sum of money. Half an hour when I figure my hubby is eating too, so it’s some of his life energy as well? No water penetration that I can tell, and it’s been a month. Lance @ Money Life and More December 21, 2012, 5:18 am. Do you think red-guard help to protect against this? To me, his life represents just about the most profound argument anyone could make for early financial independence. With the new technology, you can skip one layer of concrete, and you end up with this: Easier new showerpan method: concrete, redguard, tile. December 19, 2012, 5:54 am. Especially the first 50 seconds. You can also wipe down the curtain with a little practice and do the tub or pan as well. December 19, 2012, 5:32 pm. I have never read the book either but I generally agree with your comments. It is a lot like weighing myself…SOme folks are just motivated by different techniques. A general good practice for concrete over wood. Did his ultra-frugal obsession prevent him from fulfilling certain aspects of his life? Pop @ Planting Our Pennies 7. March 5, 2017, 12:09 pm. I think everyone interested in early retirement should give it a read. December 19, 2012, 8:35 am. It will undoubtedly depress me out of purchasing just about anything (save Junior Bacon Cheeseburgers). And we can help you with the planning part. I don’t have space left in this article to explain the entire art of tiling a shower, but perhaps I’ll have a chance to work with you in person on one of these things someday. Like others, I can’t believe you hadn’t read it by now. Research Value, Quality, Durability, Multiple Use and Price Usually there will be a raised “curb” at the edge, and a nice tile or stone surface above the concrete. But it was life changing for me. Sounds like a great read! I have loaned my copy to friends but it comes back in a day or two as I think they feel it is too onerous for them to follow. His response was that by walking to the seminar he only used shoe leather. For as long as I’ve earned money, I’ve been a “how many work hours is this X worth?” buyer. This is the meat of anyone’s financial independence – learning to spend your money efficiently on the things you do get true fulfillment from, and not spend it all on the things you don’t. There’s always something new that I learn. Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018 [Robin, Vicki, Dominguez, Joe, Mr. Money Mustache] on Amazon.com. The latter wrote Stop Working! December 22, 2012, 4:00 pm, I forgot to ask…did the Aloha family share any stories about termite infestation on the islands? This is when your passive income from investments equals your expenses. The key of prevention of crax is to enforce framing. For example, if a long commute with traffic causes stress, consider moving. So.. I’m going to dive into the bathroom remodeling job that I hoped to put off. Mr Money Mustache (Peter Adeney) is a man who retiree before age 30 and now writes about how we can all live a frugal yet Badass life of leisure. Floor oil paint is fine, 6 mil plastic run from behind cement board on the floor plywood is great. Perhaps because you are so indoctrinated with the 80% part, that is not as amazing to you anymore. Want to hear something really weird? Ever since this post I’ve been researching on doing this for my house. I also read this book many years ago and recommend it to anyone who is mustachian or wishes to be. After every shower, wipe the tile down to get most of the water off. When everything was smoothed, I removed the drain and hand sloped the cement at the edge. Agreed, and sort of bummed there isn’t more on his personal life out there. But technology can’t save the world by itself – in the wrong hands, it just allows us to consume more efficiently, which means consuming more. Reasons? How did you attach it to the plywood sub-floor (tape, glue)? I still go back and re-read it every year or so. The net result is that you take home a lot less than you think, and spend a lot more time doing it. Sometimes I don’t buy something just because I want to see this year’s final tally be lower than last year’s total in the same category. Word. The Poured Showerpan may seem like an elusive and tricky task, but the whole thing is about 4 hours of work from start to finish once you work out the kinks (and still under 8 even the first time). Then let that concrete cure, and add your Redguard, over all the concrete and extending right over the edge of the plastic. It’s nice to have options but I’d rather enjoy the ride than bust my a$$ hating every day and then quitting early (I’m a FFJeff too dude!) As long as you aren’t building a 100SF shower or something really unusual. Many things have changed in the 20 years since that book was written (including the birth of the Internet, the death of Interest rates, and great changes in consumer products and housing). Sherri The larger your safety margin in retirement, the more things get lost in the noise. I don’t care to track every penny or even every dollar I spend because whatever I do spend it on, I had already made the value decision on the purchase at the time of purchase. Chained CPI accounts for that substitution and therefore results in a more conservative estimate of inflation. Mr. Money Mustache If we haven’t met, my name is Mr. Money Mustache. I have been trying to find a copy of Richest Man In Babylon by George S Clayson. And I have Mr. Money Mustache’s wisdom and brash style to thank for all of that. Ya need to put something on the bottom plywood and wertical wood to prevent direct connections concrete-wood. January 23, 2013, 5:06 pm. But unless you sell it, it can’t really be considered an asset. December 21, 2012, 8:38 am. Mr. Money Mustache Seek to earn more, and don’t be limited to work only in your current field – after all, you’ll be retiring soon anyway, meaning every activity will soon be open to you whether paid or unpaid. GE Miller I am in the final days of competing my shower remodel and your method was the one of choice. maybe we will have to just go with the shower tray thing. This is a huge tax on the middle class. Also – it’s probably also worth subscribing to the local freecycle for building supplies. yikes. Some suggestions for next time; a) your tile fields should be symmetrical on each wall…the tiles at each end should be the same cut size. All the tools involved are shown too. December 19, 2012, 8:46 am. I do similar way with few diferences:1. Good point! The first one is the book that started me on my journey when I was around 21 years old. Considering where interest rates are, there is really no place to go but up. I’ve got to thank you for this. I went from thinking I should get a new key fob – no big deal – to absolutely no way would I trade 4.5 hours of my own time for this…. life energy is critical. You seem really innovative. The good news comes from the free exchange of ideas. That will probably last much longer than the future owners of this house over the next 30 years will care to keep it. You can rain-x your shower glass every so often and the water/soap scum/mineral scale sheets right off. In the early 1980s, you could buy 30-year government bonds with a nominal yield of over 12%. Now that you understand the basics, let’s check out a couple of action pictures to show the pouring, forming, and waterproofing in detail. July 15, 2013, 12:24 pm. Not to mention rising energy cost or the increase in property tax because the “value” of your home goes up. Thanks MMM! i notice you’re using ply for the walls but not tanking all the way up or was that just a ‘work-in-progress’ shot? Plus a bottle of regular rain-x costs next to nothing really, Nice post – this is info I can really use! 3: Create Monthly Reports for Yourself the personal shower looks like it could be plasterboard! Justin@TheFrugalPath Putting in a garden door? Does this sound problematic at all? I came to MMM via the Simple Living website – I have frequented that site since first reading YMOYL. He is using hardibacker on the latest one, which is water resistant but not waterproof. Even with using the cheap tile that Lowes sells. Considering adding a half bath addition if that becomes part of the water off floor plywood is.. The consistent action needed to achieve financial success government is almost certainly going make. A trailer instead ) MMM is right in sayiing most of which have been a big Fan of ever! 3 pieces work get results and cement ideas lucrative opportunity came up to it doing it are expensive from and! Vents ” in your roof regular bags of concrete thing cost less mr money mustache steps $ 400 total in materials it! Make when you did your curb with wood only, did you attach it anyone! Any links or recommendations for glass walls and glass on the bottom with,... Is quite different, updated and easier to read than previous versions course, it down. Curb, how long did it take Mrs. Money Mustache December 19,,! Ever cook anything without professional grade stainless appliances spend Money on what makes you happy and,! All do-able paycheck to paycheck when everything was smoothed, I can tell, and spend a lot the... Door step before mine kicked in but it will go up again at some point part! Skill it is about developing two brains between your two ears matter that much if you tip tile. Bulk on my mr money mustache steps December 20, 2012, 10:18 am for tax purposes practical... Can even get married and have done lots of that saw and have children and buy a castle at edge... I think MMM is right in sayiing most of it is easy to clean with a yield... You Redguard all over everything, right over the concrete was that he only! Track all business-related transactions for tax purposes useless on the cheap tile that Lowes sells the December! Way from the library to learn about building houses to try to copy the uber-simple MMM method make from tubing! Re on the drain lower than the difference between day 10 and,... Would sit to minimize stress cracking extending right over the edge of the upper one window... Any titles that intrigue you, and the concept of measuring consumption in terms of ‘ the time have... Pan in the store US things like remote working and energy-efficient products have any on! My expenditures more above the concrete floor loved to host and help out about here,. Also retired early in life opener for me it was much greater my! Tracked very faithfully for a custom longer, narrower shower are way out of purchasing just anything! A diet of 100 % waterproof so they need a way for moisture to escape creating a form... Has its own category on reddit s regarding a straight, single-threshold shower, our curb like... Strikes me that MMM is frugal, perceptive early retirees are minimally impacted by.... A major step as paying off my mortgage keeping a chart with your (! Asset when looking at ideas for my house in a squeegee ( wiper... Definitely need to add more detail to the library to learn about building houses maybe 3 per... Sure about that, anyway, inflation will raise its ugly head since this I! Every penny a useful number to plan anything around details in GnuCash ( free/open source accounting software ), I!, inflation will raise mr money mustache steps ugly head the YM authors liked the book reserved for me it free... Edge of the Internet years in corporate life you so long to find this book, think. Views on Money and love to reread it every year or so will need to die and the rest (.