Early Retirement Extreme

Financial independence, frugality, self-sufficiency, ecology, capitalism, and voluntary simplicity

Lately I have been buying stocks like crazy…

Published in July 21st, 2008

Posted by Jacob in financial independence, investments

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!…in fact, looking over my credit card statement, where I put all my “frivolous” expenses, I can see that except for food, etc. it’s been more than two months since I bought anything but stocks. The reason is that [...]

Can I retire with 2 million dollars?

Published in June 27th, 2008

Posted by Jacob in expenses, financial independence, investments

7 Comments

This, and various perturbations, is one of the most frequent google search term that hits this site. I think my very general answer would be, that if you have to ask that question then the answer is “PROBABLY NOT!”
If you’re asking if you can retire with 10 millions dollars, the answer is still no.
The problem [...]

Retire Early: The Importance of Getting Out of Debt

Published in June 24th, 2008

Posted by Jacob in debt, financial independence, motivation, planning

4 Comments

This is a guest post from Miranda Marquit. Miranda Marquit is freelance writer and personal finance blogger. She also edits information on debt consolidation for DestroyDebt.com.

My husband and I have discussed retiring by the time we’re 50, and one of the major requirements that always comes up is how we want to be completely debt [...]

Big sacrifices now make all the small differences later

Published in June 20th, 2008

Posted by Jacob in compound interest, financial independence, investments

2 Comments

Yeah, hey what wait, isn’t it the other way around? As regular readers will know I have a manical obsession with turning things on their head and making fun of them (just ask our dog), but there is some truth to this.
Consider the regular idea of making small sacrifices now to get big differences [...]

Dear Graduate, do you want to retire in five years?

Published in June 17th, 2008

Posted by Jacob in financial independence, personal finance, standard of living

18 Comments

Dear Graduate,
By now you should have obtained a degree. While this shows you have no particular useful skills, except for a few notable professions, it will make you employable in the corporate world. You now have a choice to make. You can join the majority, have a career, and work for the next 30 years [...]

Quo vadis?

Published in April 30th, 2008

Posted by Jacob in blogging, financial independence

18 Comments

In many ways I consider the problem of early retirement solved. I [think I] have shown what kind of choices that must be made, how to make them, and what it takes to reach financial independence in a handful of years. Following that, anyone can either accept or reject the conditions.
It was never my [...]

Why this early retirement blog continuously talks about cycling and cooking?

Published in April 28th, 2008

Posted by Jacob in budgeting, cost of living, financial independence

14 Comments

Financial independence comes from the combination of having enough money and spending sufficiently little so that interest from the former covers the expenses of the later. The biggest sources of personal expenses are generally

Children
Housing
Transport
Food
Taxes

Reducing expenses in these areas will make a much larger impact that token efforts such as using CFLs, turning the thermostat down, [...]

Why I won’t join the middle class

Published in April 15th, 2008

Posted by Jacob in financial independence, rat race

14 Comments

Mrs Micah asked what’s wrong with being middle class focusing on not working enjoyable but not too stressful jobs and still having the time and money to live comfortably. Lazyman talked about the upper limit of trading time for money and made some comments about the poor choice of working overtime just to buy unsatisfying [...]

The Early Retirement Path

Published in March 3rd, 2008

Posted by Jacob in financial independence, frugal, household, standard of living

5 Comments

In this guest post Tim from Canadian Dream: Free at 45 shares his path to early retirement at 45. If you like to read more about the road to early retirement you can subscribe to his RSS Feed here.
I like to think of myself as fairly ordinary. To outsiders I seem to [...]

A plan to financial independence at 35

Published in February 25th, 2008

Posted by Jacob in financial independence, freebies, frugal, saving

14 Comments

This is a guest post by Elizabeth from Working for Rachel. Elizabeth is starting her savings and plans to gain financial independence in 8 years at 35. If you like to read more please consider subscribing to her RSS feed.
I’m 27, and I want to retire at 35. I live in a big midwestern city [...]

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