Life with Mike | Business Failures, Frugality, Adventure | Mike and Lauren LIVE!

Our 2nd LIVE show! Every Tuesday at 8:30PM EST. Tonight we’re going to talk about life with Mike from Lauren’s perspective. How does she keep supporting my continual failed business attempts? Did she inherit my frugality?

Be sure to make comments in the comments section to the right of the video player on YouTube. Thanks!

Tricking Lauren into Buying a RV | Buying and Selling on Craigslist

Whenever there is an expensive hobby or vehicle I want to buy, I always tell Lauren I can find a way to make money from it. When I wanted to buy a RV, I made the same deal with her.

We bought a 1991 Toyota Winnebago Itasca for $3500, never used it, and then sold it for a $2800 profit. This is the story of how we did it.

Do You Have What It Takes to Retire Early?

After years of reading and studying people who have retired extremely early, I’ve discovered there are two common threads that seem to connect them all.

The first is the ability to think differently. Not just want something different, but honestly believe that there is an alternative out there and they are going to find it.

The second trait that holds up the first the the ability to not care what people think. I mean this in a good way, not a bad way. When you live life outside of the box, some people are going to react negatively to your choices.

If you drive an older car, people are going to assume you cant afford anything nicer. Early retirees have the self confidence to ignore backhanded insults like “you can’t take it with you when you die.”

In the video we talk about some of our own struggles with “looking poor” and how we’ve overcome them.

Audio vs. Video Quality – Which is more important on YouTube?

Which is more important on Youtube, audio or video quality? I think good audio is second only to good content. Here a couple of clips comparing $6500 dollars worth of camera equipment and $6500 dollars worth of audio equipment.

This is the first video in our new series about making better youtube videos. We get asked all the time about our video gear, so we decided it was time put up a few tutorials.

Gear Used:
Canon 70D
Canon C100
Rode VideoMic Pro
Rode NT1-A
Toft Audio
RNLA 7239
Digidesign Interface
Ableton Live
Final Cut Pro X
Canon 50mm f/1.2L

Your Questions Answered! — Q&A #1

You ask, we answer.  In our last video we asked for questions from our first 1000 subscribers.  Here are the questions:

  1. Do you guys have any tricks on how to save on gifts, planning savings for gifts, talking to family members about budgets for gifts, etc.?
  2. Eat some Cajun food!!
  3. What age are you estimating you will die?
  4. If you’re planning on retiring super early, what if some horrible accident occurs, and you have huge medical costs, or there’s something unforeseen you have to pay out a fortune for, etc?
  5. And when you “retire” early, will you still be contributing to regular retirement accounts for for 59.5?
  6. So are you saying I represent one of those pieces of paper?
  7. Do you think college is necessary to build a worthwhile income?
  8. How late is too late to start school?
  9. I think you are the most under rated channel on YouTube.
  10. Do you think self employment or working for someone is a better path towards financial freedom?
  11. What is your biggest hurdle to you have overcome as a couple to date?

1000 SUBSCRIBERS!!! Thank you so much!

WOW! 1000 YouTube subscribers. Thank you everyone who has subscribed to our channel for all the love and support. To thank you, we came up with a little idea to make you a part of the future of our channel. We cut up 1000 little pieces of paper and spelled out “Thank You 1000.”

As we reach each new milestone, we’re going to save all of the little paper squares and use them to spell out the next message.

We’re also going to do a Q&A video. So if you have any questions for us, now is the time to ask!

Thank you all!

9 Simple Ways To Start Saving Money

If you’re just getting started budgeting, here are 9 simple ways you can get started saving money.

1. Make coffee at home (we cold brew).
2. Buy generic medicine and food.
3. Borrow eBooks from the library.
4. Downgrade your internet speed.
5. “Pre-game” before going out to bars.
6. Sell one item on craigslist, right this minute.
7. Don’t speed (fuel economy and tickets)
8. Make your own household cleaners.
9. Shop the perimeter of the grocery store.

Have any more tips to share? Leave a comment below!

3 Biggest Budget Busters

Some people seem to think we live in a cardboard box and eat ramen noodles to save money. In this video we talk about how we save money in the 3 categories that people spend most of their money.

According to the Bureau of Labor Statistics, the average household spends $1400/mo on housing, $750/mo on transportation, and $550/mo on food.

We make up a lot of our savings in these three areas by being flexible on house size, driving only one car, and limiting our restaurant eating.

Food is still a work in progress for us, but we’re getting better.

DIY Vintage Light Switch (Frankenstein Knife Switch)

Parts and Build:

I bought an antique knife switch off eBay as a decoration. When I got it in the mail, I knew I wanted to make it actually work.  But I needed to make it safe.  So I used a solid state relay and a phone changer to wire everything together.  You can watch the process in the video above.  I got everything to fit inside of the light switch box, so I didn’t need to drill into the wall.

1_knife_switch 1_parts_list 3_marking_size 6_circuit_board 7_wiring

11_mounting lights_on testing