>Suppose that you earn $4M over the course of your career, and want to spend $2M on yourself over the course of your life.
There’s also a difference between MMM and EAers over how long to work. A Mustachian might earn $1M, retire, and donate any funds they happen to have over what they need. The EA person might work for decades longer, make $4M and donate $3M. So there could be very big differences in total amount donated even if the Mustachian and EA person spend the same amount on themselves.
(Average lifetime income is in the range of $1M, is beside the point, but I couldn’t resist looking it up.)
I think that is true for a typical Mustachian, but at the same time there’s nothing about Mustachianism that says you should do this. The idea is to be frugal and retire early because retiring early allows you to pursue what you are passionate about and stuff. If making more money and donating it to effective causes is what you are passionate about, Mustachianism doesn’t say to avoid it. (That’s my interpretation of it anyway.)
(Average lifetime income is in the range of $1M, is beside the point, but I couldn’t resist looking it up.)
Huh, that seems low, at least for a wealthy western country. Iirc average income in America is around $50k. Over 40 years that is $2M. Adding on interest makes it even more.
>Suppose that you earn $4M over the course of your career, and want to spend $2M on yourself over the course of your life.
There’s also a difference between MMM and EAers over how long to work. A Mustachian might earn $1M, retire, and donate any funds they happen to have over what they need. The EA person might work for decades longer, make $4M and donate $3M. So there could be very big differences in total amount donated even if the Mustachian and EA person spend the same amount on themselves.
(Average lifetime income is in the range of $1M, is beside the point, but I couldn’t resist looking it up.)
I think that is true for a typical Mustachian, but at the same time there’s nothing about Mustachianism that says you should do this. The idea is to be frugal and retire early because retiring early allows you to pursue what you are passionate about and stuff. If making more money and donating it to effective causes is what you are passionate about, Mustachianism doesn’t say to avoid it. (That’s my interpretation of it anyway.)
Huh, that seems low, at least for a wealthy western country. Iirc average income in America is around $50k. Over 40 years that is $2M. Adding on interest makes it even more.