How We Save Money With Slight Discomfort

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time, I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then, but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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4 Responses

  1. Elizabeth Grahsl says:

    Love this post! This really hits home, especially the Multiply by 25 Rule. I think I read something similar on Mr Money Mustache awhile back which
    prompted me to write a post called “Convenience is the Enemy” recently
    on my blog. In addition, while it may be a cliche to be reminded of the “starving kids in Africa” to elicit guilt about waste, it’s a gut-wrenchingly real issue. I try to travel to the third world every few years at least in order to be reminded of how much I take for granted – and be inspired to give back.

    • Hi Elizabeth! The Mx25 Rule is an awesome guideline to figure how much you need. MMM has covered a lot of ground so I’m not surprised that he provides many of us with inspiration. I guess if Convenience is the Enemy than a slight inconvenience is your friend! I’m definitely going to read your post.
      Yes! Traveling and seeing poverty with your own eyes gives you a different perspective on things. We tend to visit the Dominican Republic a lot and every time I see a child selling fruits or services and trying to make a living, after school, reminds me of how fortunate we are and as you mentioned, it inspires you to give back. Thanks for dropping in!

  2. Ryan Lenz says:

    A useful rule–thank you for that! I am going to use the monthly version of it, which comes out to an easier number anyway (300x). Most rational people understand that an underwater cellphone is dumb. But how about more difficult decisions: how often you upgrade your computer? How much should you spend on travel? Haircuts?

    • Hi Ryan,
      Yes, it’s a great rule, no matter what multiples you use.
      I used the underwater cellphone comparison to stress the ridiculousness of what’s out there. Thanks for providing ideas for future articles. We’re definitely going to be doing more on travel spending/hacking. I spend $0 on haircuts, how about that???

      I noticed you’re a chemistry teacher. As long you don’t ask us to write about chemistry, we should be good! 🙂 Chem was my worst high school subject. Thanks for commenting!

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