The MMP will track how well the Miners manage to contain their spending, learn new skills, and navigate a transition from grad school to work in a sensibly frugal manner.We'll see how it goes.
First, the initial conditions: I'm a newly-minted MechE PhD, in my late twenties, with a good job lined up. My wife and I have been married almost six years, we have a 17-month old, a baby due in October, and an adoption in process. We want to have lots of kids (we're straight-up Protestants, we just think kids are a lot of fun). We currently have a 2/2 condo with a pretty affordable mortgage at 5%. We're looking at houses to contain our growing brood, but we're looking at the ones that say "investor special" or "handyman's dream" because we're
Second, the goals: we want to be mortgage-free in five years and self-employed in ten. The aim of the next ten years will be to establish an appropriate investment base and skillset to allow me to work on stuff I like when I want to, and to spend a lot of time with my family. The aim of the next six months is to acquire the mindset and skillsets associated with living well on just a little, so that we can save (and invest and house-fix) lots.
Third, the background: a friend recommended MMM a few weeks ago, and I have been reading up on him since then. Good stuff, though built on a Stoicism with which I disagree. His practical advice, however, is easily appropriated into a be-content-and-be-a-good-steward-of-creation Christian worldview, so rock on. He and Jacob Fisker had an interesting exchange in which it was generally concluded that we happen to live in an extremely prosperous country in an extremely prosperous time, and if we just choose to live life with a smaller footprint (of energy, in this discussion), the rewards would pile on. This holds true whatever your outlook on peak oil, the environment, solar-powered wind turbines, or whatever (that last would just be a fan, I guess).
So here we are, working to have a big family in a small footprint, and chronicling our haps and mishaps on this blog. Welcome, and we hope you enjoy!