If you're new here, this blog will give you the tools to become financially independent in 5 years on a median salary. The wiki page gives a good summary of the principles of the strategy. The key to success is to run your personal finances much like a business, thinking about assets and inventory and focusing on efficiency and value for money. Not just any business but a business that's flexible, agile, and adaptable. Conversely most consumers run their personal finances like an inflexible money-losing anti-business always in danger of losing their jobs.
Here's almost a thousand online journals from people, who are following the ERE strategy tailored to their particular situation (age, children, location, education, goals, ...). Increasing their savings from the usual 5-15% of their income to tens of thousands of dollars each year or typically 40-80% of their income, many accumulate six-figure net-worths within a few years.
Since everybody's situation is different (age, education, location, children, goals, ...) I suggest only spending a brief moment on this blog, which can be thought of as my personal journal, before looking for the crowd's wisdom for your particular situation in the forum journals.
If you enjoy the blog, also consider the book which is much better organized and more complete. You can read the first chapter for free, listen to the preamble, or see the reviews (1,2,3,4,5,6,7,8,9, A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,Z). Subscribe to the blog via email or RSS. Get updates on the facebook page, join the forums, and look for tactics on the ERE wiki. Here's a list of all the ERE blog posts.
According to the government, the average family spends $700 on food. That’s $700 a year, right?
Alright, so here’s one way to do it. I call it the sloppy joe pinto bean one dollar meal.
You need a can opener, a knife, a pressure cooker, and a spoon. These are all available from the minimalist kitchen. If you don’t have one of those, here’s how to get one. Aside from that you need some ingredients.
- Pinto beans, soaked and cooked (these are essential). We got a 10lb bag of these on freecycle. Pinot beans are good for anything that gets mushy e.g. refried beans.
- Sliced and diced onion (this is essential)
- Can of tomato paste (this is also essential)
- Chopped jalapeno peppers. (this is optional) We used to have them in the garden. One of the few things that actually worked (tomatoes being the other one), but this came out of a can.
- Basil (optional)
- Oregano (optional)
- Tabasco (optional)
- Chili pepper (optional)
- Black pepper (optional)
- Garlic (optional)
Leaving out the optional parts changes the taste but does not affect the general idea.
Fry the onions in a pan. Add the rest except the beans. Stir. Now add the beans. You’re done.
You can serve it on bread with lettuce, tomatos, olives, etc. or with rice and pasta. All these options create a balanced amino acid profile. Have fun.
Originally posted 2008-11-27 06:51:40.