How to Retire Early and Save The World


It’s another dreaded Monday: you wake up, shower, brush your teeth, drop the kids to school, drive to work, sit at the desk for 8 hours, sneak into Facebook in between the hours of 9-5, drive back home, eat dinner, put the kids to bed, throw yourself on the sofa, watch TV, drag your body to bed…and repeat the next day and the next, until Friday comes around when we all celebrate a hypothetical break, only for the cycle to repeat itself again next week, and next month, and next year….until death comes calling.

It’s mind-numbing.

We work to create wealth but does all this wealth really make us any happier? According to studies on happiness, wealth only makes us happy to a certain point. Once we’ve made a certain amount of money (we’ll call that the plateau), then any extra dollar made does not equal to a corresponding gain in happiness. In other words, any leftover from the plateau-fancier cars, bigger house, more elaborate holidays-are mere conspicuous luxury commodities. We upgrade to brighter bling simply to show the world our financial worth.

I’ve been following Mr. Moustache on and off for a few years now, and in his popular lifestyle blog, he preaches that the key to retiring early (he retired at 31 years old) is to spend a lot less than you earn. As a natural thrifter, I whole heartedly agree. In this fascinating talk, Mr. Moustache argues that 3 facts will make you richer:

Fact 1: We all suck at money…but we can change that with an attitude shift

Any money spent that does not make you happier is wasted (most of us fall in this category). Marketing convinces us that YOU MUST BUY X, Y and Z IF YOU WANT TO BE HAPPIER! but all that is really a pack of lies. A $2 spatula is really the same as the $20 spatula, a fancy car will get you to the same destination as a standard one, and a $200 outfit won’t make you any prettier than one for a fraction of the price. Luxury, in and of itself, is a state of mind. I’ve seen people living on a dollar-a- day diet who wear charity shop clothes and cycle to work, and carry themselves with so much self-love.

Fact 2: You can save enough to retire in 10 years….if you spend less then than you earn

A high income earner and an average income earner can both retire at the same time, adjusting for spending habits. If I make $30,000 a year and spend significantly less on living basics yearly (eating in, cycling, cheap housing), I will have, on average, saved the same amount in 10 years as someone earning $300,000 who spends much more on a ‘luxury’ lifestyle (eating out in fancy restaurants, daily taxis, mansions).

Fact 3: Work is better for everyone if you don’t need the money

Imagine that you’ve finally saved away enough money to retire at a relatively young age. You still work, but you work on your own terms and you work at a job that you love. I love this quote by Mr. Moustache: The purpose of work is to create. The purpose of earning money is to have enough money.

Anything that you create out of love feels good, and people tend to buy goods and services laced with goodness.  Think about your own buying experiences: how good did it feel to order from a company whose owners cared about the product they were selling, versus buying from sales people who felt like they were being forced to go to work?

Also, when you work out of passion, you will be able to focus on projects that matter to you and to your community. Passion-driven work is hard, but it rarely feels ‘stressful’. If it feeds your soul, it will also feed the world around you.

What do you think about these facts? Have they inspired you to change your own life?

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18 thoughts on “How to Retire Early and Save The World

  1. Some great tips and advice…think my hubby would love to retire early but it can be difficult to save as much, as I am not working and we end up spending on the girls and their needs and activities

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  2. A definite eye opener! And the fact that luxury is a state of mind is so true! I’d rather shop at thrift stores and get things that do the same job rather than spend £20 at something i wile too scared to use cuz it was expensive!

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    1. Oh if you love your job, by all means I would encourage you to keep working, Diana. Work isn’t fun or rewarding if it stops being about creating and indulging in a curiosity.
      You are one of the lucky ones…

      Liked by 1 person

  3. Love the insight! My husband and I are pretty much against living a traditional 9-5 lifestyle that we are miserable in. We are both pursuing careers we are passionate about and on our own terms. Love the tips about saving and changing your mindset on spending

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  4. I’ve been reading Mr. Money Mustache for several years now and his story (and other FIRE bloggers) has inspired me. I have a tentative plan to be financially independent in the next 10 years but I haven’t decided yet if I want to actually retire at that point.

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