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	<title>Early Retirement Extreme &#187; How to</title>
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	<link>http://earlyretirementextreme.com</link>
	<description>Becoming debt-free is the first step to building a better world. Financial independence is the second. Doing what YOU want is the third.</description>
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		<item>
		<title>Cauliflower omelet &#8211; another sub-dollar meal.</title>
		<link>http://earlyretirementextreme.com/cauliflower-omelet-another-sub-dollar-meal.html</link>
		<comments>http://earlyretirementextreme.com/cauliflower-omelet-another-sub-dollar-meal.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:44 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[cauliflower]]></category>
		<category><![CDATA[omelet]]></category>
		<category><![CDATA[potato]]></category>
		<category><![CDATA[recipe]]></category>
		<category><![CDATA[tolkien]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=203</guid>
		<description><![CDATA[One cooked cauliflower for the elven kings under the sky, an equal volume of boiled potatoes for the dwarf lords, nine dashes of pepper for mortal men, doomed to die. One pan for the dark lord, also a lid, and enough eggs to rule them all and in darkness bind them together in the pan [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fcauliflower-omelet-another-sub-dollar-meal.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>One cooked cauliflower for the elven kings under the sky,</p>
<p>an equal volume of boiled potatoes for the dwarf lords,</p>
<p>nine dashes of pepper for mortal men, doomed to die.</p>
<p>One pan for the dark lord, also a lid,</p>
<p>and enough eggs to rule them all and in darkness bind them together</p>
<p>in the pan of Mordor &#8211; Served with fresh tomatoes and slices of cucumber</p>
<p id="bte_opp"><small>Originally posted 2008-04-16 07:10:09. </small></p>]]></content:encoded>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Keeping warm during winter</title>
		<link>http://earlyretirementextreme.com/keeping-warm-during-winter.html</link>
		<comments>http://earlyretirementextreme.com/keeping-warm-during-winter.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:37 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[clothes]]></category>
		<category><![CDATA[heat]]></category>
		<category><![CDATA[heating]]></category>
		<category><![CDATA[warm]]></category>
		<category><![CDATA[wood]]></category>
		<category><![CDATA[wool]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=981</guid>
		<description><![CDATA[I was originally going to use “Winter heating” for the title of this post, but then I realized that, perhaps like many other things, this misses the main point. At its essence, the problem is cold. The solution is to stay warm. How do we accomplish this. There are two variables. The first one is [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fkeeping-warm-during-winter.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><div class="post-content">
<p>I was originally going to use “Winter heating” for the title of this post, but then I realized that, perhaps like many other things, this misses the main point. At its essence, the problem is cold. The solution is to stay warm. How do we accomplish this.</p>
<p>There are two variables. The first one is how cold you feel. Naturally people with higher, what I would call metabolism although it is not technically correct tend to stay warmer. First, they have more muscles, second they move more. One reason you can wear jeans but need a thick jacket when it’s<br />
freezing is that the legs are more muscular and they are moving too. In fact, if you run, you need very little clothes even in sub-zero. The cardinal rule here is that if you feel cold, move faster. Another source of personal warmth is the anabolic/catabolic cycle: the break down and rebuilding of tissue. If you train anaerobically, the resting caloric burn is somewhat higher for up to 24 hours following the exercise. Intensive weightlifting is a very good way of keeping warm (and also losing weight).</p>
<p>Hence, naturally, if you are an active person, you will have an edge in keeping warm (as well as an edge in doing physical labor, getting around without relying on a car and it’s expenses and keeping yourself out of the doctor’s office. I highly recommend it.)</p>
<p>Obviously you can be physical all the time. The second variable is thus applying external heat.</p>
<p>The easiest method is simply to become a snowbird and migrate. This is something many RVers do for instance. These days most people are geographically attached by national borders or mortgages and other obligations, so the rest of the discussion will assume that moving south (or north as it may be) is not an option.</p>
<p>The standard prescription is to heat the entire house. This is insanely wasteful given that you only need to warm yourself. Presumably you don’t need to keep your furniture, books, and pots and pans warm as well, but that is what people normally do. The heating costs can be extremely large, especially given the size of the houses people live in: 3 bathrooms and 5 bedrooms for three persons. Come on! The tragic part is that some people in fact do not know any other way of keeping warm than the standard method and tragically stupid things like keeping the burners in the kitchen on for hours.</p>
<p>The <a href="../2008/01/eliminating-heating-bills-cutting-down-on-heating-costs.html">first thing to do</a> is to turn the thermostat down and consider alternative forms of heating. It is getting harder, but it is still possible to get <a href="http://sfbay.craigslist.org/search/zip?query=firewood&amp;minAsk=min&amp;maxAsk=max" target="_blank">free firewood on craigslist</a>. We did this last year and it wasn’t too bad. What I would recommend is to “invest” in some <a href="../2008/07/with-record-oil-prices-is-it-time-to-buy-winter-clothes.html">good wool clothes</a>. I prefer <a href="http://www.filson.com/">Filson</a>, because I can afford to be decadent when I’m not <a href="../2008/03/why-i-hate-eating-out.html">throwing money away on eating out</a> or <a href="../2008/04/how-im-nowgetting-books-cds-and-dvds-without-paying-for-them.html">buying new CDs or movies</a>. However, it is possible to get good woolen jackets and pants for $20-30 bucks. How? Army Surplus! It may not look stylish (unless you’re into that sort of thing) but it will keep you toasty and you will easily make the money back in heating savings.</p>
<p>Of course you can do what we did and just move into a much <a href="../2008/08/our-new-289-sqft-home.html">smaller place</a>. Turning the central heating down in a large house is penny-wise but pound-foolish. Turn it on in a smaller house is pound-wise but penny-foolish, and which would you rather be?</div>
<p id="bte_opp"><small>Originally posted 2008-12-04 15:56:42. </small></p>]]></content:encoded>
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		<slash:comments>19</slash:comments>
		</item>
		<item>
		<title>Make your own refried beans</title>
		<link>http://earlyretirementextreme.com/refried-beans-why-buy-them-canned-when-you-can-make-your-own.html</link>
		<comments>http://earlyretirementextreme.com/refried-beans-why-buy-them-canned-when-you-can-make-your-own.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:35 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[cast iron]]></category>
		<category><![CDATA[pinto bean]]></category>
		<category><![CDATA[refried beans]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=186</guid>
		<description><![CDATA[Here&#8217;s how to make refried beans (unit cost: negligible) First you get a 20lbs bag of pinto beans for free at freecycle.org Second, you take a large bowl and soak the some beans in water all day. Third, you cook them in a pressure cooker. An ordinary pot works as well, but it takes 3 [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Frefried-beans-why-buy-them-canned-when-you-can-make-your-own.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>Here&#8217;s how to make refried beans (unit cost: negligible)</p>
<p>First you get a 20lbs bag of pinto beans for free at <a href="freecycle.org">freecycle.org</a> <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /><br />
Second, you take a large bowl and soak the some beans in water all day.</p>
<p>Third,  you cook them in a pressure cooker. An ordinary pot works as well, but it takes 3 times as long and requires 6 times as much electricity, gas, etc.</p>
<p>Fourth, you mince an onion and crush a few garlic. By a few I mean a lot <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_biggrin.gif' alt=':-D' class='wp-smiley' /> </p>
<p>Fifth, you saute the onion and garlic in a deep pan until golden brown. Cast iron works great(*). I use <a href="http://www.amazon.com/dp/B00006JSUE/?tag=oildepletiove-20">one of these</a>.  Use more oil than you think.You probably want to cover 1/4 of the bottom. I used olive oil.</p>
<p>(*) Way better than teflon!</p>
<p>Sixth, get the beans out of the pressure cooker. Drain the water and dump them in the pan. Mash some of them. Stir and try to get all of them fried. Make sure they don&#8217;t burn. This should take ten minutes or so. Add oil if they look like they are going to burn. Also, turn down the heat.</p>
<p>Experts can use homemade lard or bacon grease instead of olive oil.</p>
<p>Serve with tortilla shells, rice, tomatoes, salad, cheese, salsa, olives, &#8230; or whatever you prefer.</p>
<p id="bte_opp"><small>Originally posted 2008-03-31 07:27:43. </small></p>]]></content:encoded>
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		<slash:comments>11</slash:comments>
		</item>
		<item>
		<title>5 ways to help get a prosper loan funded</title>
		<link>http://earlyretirementextreme.com/5-ways-to-help-get-a-prosper-loan-funded.html</link>
		<comments>http://earlyretirementextreme.com/5-ways-to-help-get-a-prosper-loan-funded.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:34 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[borrowing money]]></category>
		<category><![CDATA[lendingclub]]></category>
		<category><![CDATA[peer-to-peer lending]]></category>
		<category><![CDATA[prosper]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/2008/02/5-ways-to-help-get-a-prosper-loan-funded.html</guid>
		<description><![CDATA[As someone who has lent out over $12,000 over the past 1.5 years (but is now completely divested again, see note below) here is what I prefer to see in a loan request before I bid. Be accountable! The original idea with peer to peer lending was that a group of people (like a knitting [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2F5-ways-to-help-get-a-prosper-loan-funded.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>As someone who has lent out over $12,000 over the past 1.5 years (but is now completely divested again, see note below) here is <strong>what I prefer to see in a loan request</strong> before I bid.</p>
<ol>
<li><strong>Be accountable!</strong> The original idea with peer to peer lending was that a group of people (like a knitting club) would get together and hold each other accountable. Needless to say, lenders have realized that this haven&#8217;t worked at all. (If you know any groups that indeed functions like that I&#8217;d love to hear about them). Offer some accountability. Start a blog detailing how you intend to use the money. Have a friend or a colleague (not your mom) put down a large sum (not $100 but $500 or more) as a sign of good faith and that somebody trusts you. Try to find a group leader that will verify your W-2. Realize that lenders have little collateral other than your social capital. Give them that and you will be ahead of the other borrowers.</li>
<li><strong>Check grammar and spelling</strong>. This should really be a no brainer. If you can&#8217;t spell, get someone to do it for you. When I see a loan request from someone who can&#8217;t be bothered to check &#8220;there&#8221; spelling I wonder whether they can&#8217;t be bothered to check the math in their budget either.</li>
<li><strong>Be careful who you ally yourself with</strong>. For instance, not all &#8220;good and honest&#8221; Christians, firemen, or soldiers actually pay back their loans. Being a lender can create lots of (unintentional) prejudices based on single experiences with borrowers breaking their promises. Of course this can work the other way as well. The lesson to be learned is that if you do associate yourself with a group do not presume that everybody thinks as highly of that group as you do.</li>
<li><strong>Ask for less than you need</strong>. If you are $10,000 in debt, don&#8217;t ask for $10,000.  I realize that it would be nice to consolidate all the debt and I also realize that borrowers might put themselves in a bind since it is only possible to carry one loan at a time. However, don&#8217;t ask for anything you&#8217;re not sure you can&#8217;t pay back. In other words, don&#8217;t be an optimist. The reason is that the lender certainly isn&#8217;t. Also it is a lot easier to get a small loan funded. <strong>Lenders are primarily interested in what you can do for them</strong> (not default, not be delinquent, pay a high rate in that order). Not what they can do for you. Keep that in mind!</li>
<li><strong>Show a business plan</strong>. A budget is not a business plan! Clearly you are asking for money because present/other methods have somehow failed to obtain the cash. Therefore I would like to know what has been done already? Have you taken on an extra job? Cut cable? Moved to somewhere cheaper? Show me that you have thought about this and that the loan request is not just an easy way to increase your cash flow.</li>
</ol>
<p><HR><br />
Note: I am now completely divested from P2P lending. While some apparently are doing great, I think the most money in P2P lending is done by earning affiliate commissions. Keep in mind that it&#8217;s hard to tell if you only have a handful of loans. You could be the lucky one with zero default. Conversely of just one of your five loans go down, you lost 20% and are probably in the negative. I had a highly statistical portfolio with a couple of hundred loans. I managed to escape this adventure with a loss of only $268 in total. In a way I did better than if I had invested it all in the S&#038;P500 and pulled it out again, but it doesn&#8217;t seem to be a safe way to earn a yield for retirement. In the future, I will stay far away from unsecured debt. For lending, I prefer bond ETFs. Bonds is an asset group where I actually recommend indexing due to the less liquid market.</p>
<p id="bte_opp"><small>Originally posted 2008-02-07 06:39:46. </small></p>]]></content:encoded>
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		<slash:comments>5</slash:comments>
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		<item>
		<title>Potato pancakes &#8211; dinner for less than $1</title>
		<link>http://earlyretirementextreme.com/potato-pancakes-dinner-for-less-than-1.html</link>
		<comments>http://earlyretirementextreme.com/potato-pancakes-dinner-for-less-than-1.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:32 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[flour]]></category>
		<category><![CDATA[grater]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[onion]]></category>
		<category><![CDATA[pan]]></category>
		<category><![CDATA[pancake]]></category>
		<category><![CDATA[potato]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/2008/02/potato-pancakes-dinner-for-less-than-1.html</guid>
		<description><![CDATA[You need a bag of mealy potatoes, an onion, some eggs, and a ton of cooking oil. This will basically be a meal so full of fat, starch, and cholesterol that you&#8217;ll be able to hear your arteries hardening while you eat it. Peel about 2-3 times the number of potatoes you would usually eat [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fpotato-pancakes-dinner-for-less-than-1.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>You need a bag of mealy potatoes, an onion, some eggs, and a ton of cooking oil. This will basically be a meal so full of fat, starch, and cholesterol that you&#8217;ll be able to hear your arteries hardening while you eat it.</p>
<p>Peel about 2-3 times the number of potatoes you would usually eat as a side dish if they were cooked and shred them using a <a href="http://www.amazon.com/gp/redirect.html?ie=UTF8&amp;location=http%3A%2F%2Fwww.amazon.com%2FCuisipro-Accutec-3-Sided-Box-Grater%2Fdp%2FB00062KTHQ%3Fie%3DUTF8%26s%3Dhome-garden%26qid%3D1201972928%26sr%3D8-38&amp;tag=oildepletiove-20&amp;linkCode=ur2&amp;camp=1789&amp;creative=9325">grater</a>.  Unfortunately we don&#8217;t have a grater so this was one of those rare instances where the food processor came in handy. Also shred an onion to taste and dump it in with the potatoes.<br />
Dump the shredded material on a towel and wring out as much water as possible. It is this step that will make or break the meal (and you).</p>
<p>Put the shreds back in a bowl (or in my case the pressure cooker since it is sufficiently bowl like) and add flour. I prefer to add just a little flour and then just keep adding eggs until the concoction is somewhat slimy, but there is lots of room for experiment.</p>
<p>Now use a <a href="http://www.amazon.com/gp/redirect.html?ie=UTF8&amp;location=http%3A%2F%2Fwww.amazon.com%2FLodge-L10SK3-12%252522-Pre%25252dSeasoned-Skillet%2Fdp%2FB000FBUGDU%3Fie%3DUTF8%26s%3Dhome-garden%26qid%3D1201973806%26sr%3D1-1&amp;tag=oildepletiove-20&amp;linkCode=ur2&amp;camp=1789&amp;creative=9325">skillet</a> (I prefer cast iron because it lasts forever and one can use metal utensils on it with no harm done) with lots of oil (several table spoons per pancake). Make the pancake palm sized and finger thick. My first pancake wasn&#8217;t too good (the first pancake never is for some reason) but I quickly got the hang of it.</p>
<p>DW suggested eating the pancakes with apple sauce which we did. I think mustard is also a good option.</p>
<hr />
<strong>My overall opinion of this meal:</strong> It&#8217;s as unhealthy as french fries due to all the oil but also very filling for the same reason. It takes forever to make, especially if you don&#8217;t have access to foodprocessors or child labor (Hi mom! <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' />  ). I&#8217;m not sure I would repeat this one since I do need my arteries at a certain thru-put level.</p>
<p id="bte_opp"><small>Originally posted 2008-02-06 06:49:40. </small></p>]]></content:encoded>
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		<slash:comments>20</slash:comments>
		</item>
		<item>
		<title>Ecological housing &#8211; consider an RV</title>
		<link>http://earlyretirementextreme.com/ecological-housing-consider-an-rv.html</link>
		<comments>http://earlyretirementextreme.com/ecological-housing-consider-an-rv.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:31 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[ecological]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[sustainable]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=1453</guid>
		<description><![CDATA[If you have been dreaming about moving into a smaller and more ecologically sound housing project and you live below 40 degrees latitude, you may want to consider moving into an RV. You will probably be surprised that RVs come with many of the ecological/sustainable options that stick homes pay dearly for in terms of [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fecological-housing-consider-an-rv.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>If you have been dreaming about moving into a smaller and more ecologically sound housing project and you live below 40 degrees latitude, you may want to consider moving into an RV. You will probably be surprised that RVs come with many of the ecological/sustainable options that stick homes pay dearly for in terms of redesign and installations.</p>
<ol>
<li>RVs are much smaller than regular houses, the layout is very cleverly thought out, and storage space is much more efficient with things being stored inside the furniture, and much of the furniture converting into other furniture. For instance, our &#8220;kitchen/living rooms&#8221; contains a dinette and a couch which both convert into beds which can sleep 4 persons.</li>
<li>RVs tend to have separate 12V systems so if you plan to go solar it is very easy as you already have two different runs of wires. The main problem is installing the panels on the roof.</li>
<li>RVs have whole-house fans which given their small volume can easily cool the entire RV with outside air. AC and heaters are also fairly small and very fast due to the small volume. 12V swamp coolers are also available.</li>
<li>RVs already come with separate grey water systems, so if you want to use the grey water for your garden, that is a possibility. The plumbing usually meshes with the black water but that is easily fixed by which I mean that even I could reroute it.</li>
<li>RVs have a manually controlled hot water heater which you can switch on and off depending on when you need water unlike a house where the heater is on constantly. As a result very little gas is used.</li>
<li>RVs have suspension. This is always nice to have in case of an Earth quake. Also, if the hills are on fire, you have the option of driving away.</li>
<li>RVs have their own internal water tank, propane tanks, and limited electricity.  If the utilities go down, you are not out.</li>
<li>RVs have large windows which can be used for passive solar gain in the winter (just think of how warm a car gets in the sun if you don&#8217;t put up reflective mirrors). If you want your front windows to gain more solar energy in the winter, simple rotate your vehicle. Try that with a house <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_razz.gif' alt=':-P' class='wp-smiley' />  .</li>
<li>Used RVs are fairly cheap compared to houses. (New RVs are not).</li>
</ol>
<p>On the downside, insulation is fairly poor and difficult to improve. Also major renovations are required to install, say, a composting toilet although I believe that would be a distinct possibility that could be accommodated by simply changing the form of the black tank so it could be evacuated with a shovel.</p>
<p id="bte_opp"><small>Originally posted 2009-04-19 02:33:13. </small></p>]]></content:encoded>
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		<slash:comments>18</slash:comments>
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		<item>
		<title>Clotheslines</title>
		<link>http://earlyretirementextreme.com/clotheslines.html</link>
		<comments>http://earlyretirementextreme.com/clotheslines.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:23 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/2007/12/clotheslines.html</guid>
		<description><![CDATA[A clothesline is not just a wrestling move on WWE Monday Night Raw, it also used to be a place where people hung their wet clothes out to dry. The concept is uniquely simple. When the washing cycle is done, clothes are hung up on a taught string until they are dry. Sometimes pegs are [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fclotheslines.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p><span style="font-weight:bold;">A clothesline is not just a wrestling move on WWE Monday Night Raw, it also used to be a place where people hung their wet clothes out to dry.</span> The concept is uniquely simple. When the washing cycle is done, clothes are hung up on a taught string until they are dry. Sometimes pegs are needed to hold the clothes in place but often they aren&#8217;t .</p>
<p>At some point I guess some genius got the idea of building a machine much like a washing machine that threw the clothes around while blowing hot air on them. Thus for $300 and little hike on the utility bill, <span style="font-weight:bold;">it is possible to dry clothes today without ever leaving the safety of your own home</span>. In the land of home cinemas, rec rooms, and pools in every back yard, this was uniquely appealing to people. The only downside was that dry tumbling sometimes left the clothes smelling a wee bit burned and charged the clothes with static electricity. Also <span style="font-weight:bold;">clothes that previously lasted 200 or more wash cycles would only last 100 wash cycles</span>. Of course this problem was easily solved by inventing fabric softeners, anti static sprays, and buying more clothes. <span style="font-weight:bold;">Nothing keeps people occupied and the economy chugging like solving the problems they just created, I mean just look the daily commute from suburbia</span>.</p>
<p>However, last week or was it the week before, <span style="font-weight:bold;">I bid farewell to our dryer</span> (It came with the house which of course is no reason to use it) and installed a clothesline on the overhang in the back yard. <span style="font-weight:bold;">I didn&#8217;t use hooks, nor did I go out to buy a &#8220;real&#8221; clothesline</span>. DW simply sacrificed some of her yarn, pink no less, and we doubled it, doubled it once more and then tied it up tight between the overhang supports. Instant DIY clothesline! This process took 5 minutes of action and about 3 years of procrastination. I did not get clothes pegs. Unless it is really windy, they are not needed. I just hang pants along their folds and they dry into that. No ironing needed if hung correctly.</p>
<p>Here are some more ways of saving.</p>
<ul>
<li><span style="font-weight:bold;">Americans are apparently the people that have the most clothes and wash them most often</span>. I don&#8217;t wash my clothes every time I have worn them. I think washing machines coupled with obsessive compulsive germophobia has made us wash a lot more often than we really need to. I usually wash cotton slacks and denim jeans every 5-7 days as they don&#8217;t get dirty in an office environment. Underwear, socks, and tshirts get one wearing though. Cotton sweaters get five or more, same with dress shirts (I wear them over a tshirt). Apply the sniff test if in doubt. For those who are really hardcore I recommend changing into &#8220;dirty/play&#8221; clothes when getting home from school/job, etc. <span style="font-weight:bold;">That way the good office clothes only gets worn 8 hours a day</span>.</li>
<li><span style="font-weight:bold;">I never use &#8220;hot&#8221; water</span> (that&#8217;s 90C for the people blessed with the metric system). Warm (60C) is sufficient for your hot water needs. I don&#8217;t think this makes any difference in how long the clothes last but it does make a difference on the utility bill.</li>
<li>Next time I would <span style="font-weight:bold;">consider getting a front loading machine</span>. It saves on both water and clothes. The agitator even looks like the clothes killer it is. The other thing that wears clothes down being the dry tumbler.</li>
<li><span style="font-weight:bold;">Washing clothes inside out to prevents losing the coloring</span>. I must admit I only do this for my expensive cotton shirts, but it really should be done for everything.</li>
</ul>
<p>Any other tips?</p>
<p id="bte_opp"><small>Originally posted 2007-12-26 09:45:00. </small></p>]]></content:encoded>
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		<slash:comments>29</slash:comments>
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		<title>How I&#8217;m now getting books, CDs, and DVDs without paying for them</title>
		<link>http://earlyretirementextreme.com/how-im-nowgetting-books-cds-and-dvds-without-paying-for-them.html</link>
		<comments>http://earlyretirementextreme.com/how-im-nowgetting-books-cds-and-dvds-without-paying-for-them.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:22 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[book]]></category>
		<category><![CDATA[cd]]></category>
		<category><![CDATA[dvd]]></category>
		<category><![CDATA[freecycle]]></category>
		<category><![CDATA[garage]]></category>
		<category><![CDATA[recycle]]></category>
		<category><![CDATA[suburbia]]></category>
		<category><![CDATA[swap]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=200</guid>
		<description><![CDATA[One measure of financial independence is not to have to worry about having money to pay for goods. This is usually accomplished by having lots of money, but with the internet a second method is emerging. I&#8217;m talking about swap sites, freebie sites, etc. where computers match up people who then trade their stuff for [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fhow-im-nowgetting-books-cds-and-dvds-without-paying-for-them.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>One measure of financial independence is not to have to worry about having money to pay for goods. This is usually accomplished by having lots of money, but with the internet a second method is emerging. I&#8217;m talking about swap sites, freebie sites, etc. where computers match up people who then trade their stuff for stuff rather than buy their stuff with money. It&#8217;s good for the environment too.</p>
<p>This is possible insofar that we as a nation is overflowing in consumer durables. Although stuff is designed with planned obsolescence in mind, it still lasts longer than people desire it keep around according to the dictates of fashion or novelty. Don&#8217;t believe me, take a stroll in suburbia and look what people are storing in their garages. I promise you it isn&#8217;t their cars. It&#8217;s all the stuff their bought and subsequently replaced but which it still too precious to throw out.</p>
<p>I have joined several &#8220;operations&#8221; that cash in on this problem.</p>
<ul>
<li><a href="http://www.freecycle.org">Freecycle</a> (check the link to see if there is one in your neighborhood). One of my problems with just donating things to charity is that I don&#8217;t know whether the recipient of &#8220;my&#8221; stuff will appreciate it as much as I did. For instance, I would not really want to donate my collection of cookbooks, say, merely to see it be sold off at a thrift store for 50c a piece. This is why freecycling is great. Here you know that the recipient will appreciate and use the stuff. Generally, stuff is taken on a first come, first serve basis. If you are mainlined into your email address, you will typically &#8220;win&#8221;. I have had varying success with flakes in terms of donating stuff though.</li>
<li>I joined <a href="http://www.paperbackswap.com/index.php?n=7&amp;r_by=extremejacob">paperbackswap.com</a>. The way it works is that you list the ISBN of the books you want to get rid off. If it&#8217;s on someone else&#8217;s wish list, that person gets notified and can then request that you send the book. If you do, you pay only the shipping (people generally don&#8217;t use 50c bubble wrap envelopes, but instead fashion their own out of brown paper bags, plastic bags, etc. to keep costs downs). Once received, you get one credit. This credit can be used to request any other book in the system. Note that if you <a href="http://www.paperbackswap.com/index.php?n=1&#038;r_by=extremejacob">join  and list 10 books</a>, you get two credits for free.</li>
<li>I joined <a href="http://earlyretirementextreme.com/wp-admin/swaptree.com">swaptree.com</a>. Swaptree works a little differently. Rather than operating as a market with a credit currency, swaptree tries to match people. It works like this. First you list your books, CDs, DVDs, and [computer] games, in the typical ISBN fashion. Other people will have wish lists. If one of your items is on their list, you can swap it for one of their items. Swaptree also allows for three-way swaps (this is where it gets clever). Imagine that A has something B wants, but B does not have something A wants. However, B has something C wants and C has something A wants. Then A sends to B, B sends to C and C sends to A. Now, all trades are one-for-one so you should think carefully about what you put on your wish list. I made the mistake of uncritically uploading my entire 250+ item amazon wish list (it&#8217;s very easy). Now the problem is if someone wants to trade their 1c paperback (on my wish list) for my Lord of the Rings DVD collection (on my have list). Then they can request it, and when I subsequently deny it, I fell like an ass. Therefore, if you make a wish list make sure that you are willing to give ANY item on your have list for that item. If not, DO NOT include it. Since swaptree does not have a &#8220;currency&#8221;, it works better if your stuff is mainstream/popular, whereas paperbackswap works better for random esoteric items. The good thing about swaptree is though that you can swap CDs and DVDs as well as books.</li>
</ul>
<p>Swapping can get quite addictive. It&#8217;s challenging in another way than merely shopping or buying. One has to wait for another member to list the item. This enforces patience. However, there is no commission (on any of the sites above) and all one pays is shipping (media mail). Freecycling is different as it is local. I would not call that addictive, but it is convenient and it brings good karma.</p>
<p id="bte_opp"><small>Originally posted 2008-04-12 07:08:46. </small></p>]]></content:encoded>
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		<slash:comments>12</slash:comments>
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		<title>Hands-on substitute exercise for cable TV</title>
		<link>http://earlyretirementextreme.com/hands-on-substitute-exercise-for-cable-tv.html</link>
		<comments>http://earlyretirementextreme.com/hands-on-substitute-exercise-for-cable-tv.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:13 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[cable]]></category>
		<category><![CDATA[hulu]]></category>
		<category><![CDATA[TV]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2504</guid>
		<description><![CDATA[Recently I read about someone who had cancelled his cable and sought out alternative sources for watching TV. Now, I think TV is a useless pursuit, mostly because of the opportunity costs particular in the time which could be spent on learning or doing something productive. However, obviously, many people appreciate the vicarious experiences they [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fhands-on-substitute-exercise-for-cable-tv.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>Recently I read about <a href="http://www.consumerismcommentary.com/2009/12/18/life-without-cable-tv-week-one/">someone who had cancelled his cable</a> and sought out alternative sources for watching TV. Now, I think <a href="http://earlyretirementextreme.com/2009/06/day-19-getting-rid-of-your-tv-addiction.html">TV is a useless pursuit</a>, mostly because of the opportunity costs particular in the time which could be spent on learning or doing something productive. However, obviously, many people appreciate the vicarious experiences they get from watching TV to the same degree many enjoy playing globetrotter. Obviously, if it&#8217;s really that important, do spend money some money on it. For instance, I spend money sailing around in circles and training with swords. I even pay more than twice as much for this compared the numbers mentioned below. </p>
<p>Still, I found it interesting just how many shows were available for free, so I decided to go through the same exercise. Thus I asked the residential cable user what kinds of shows she was addicted to and she rattled off the following:</p>
<blockquote><p>Bones, Criminal Minds, CSI, CSI New York, CSI Miami, NCIS, NCIS LA, Supernatural, Big Bang Theory, Mentalist, Castle, Sanctuary, Stargate Universe, Leverage, White Collar, Psych, Dr. Who, Eureka, Whose line is it anyway, Dirty Jobs, Ten things I hate about you, Ghost Whisperer, Men of a certain age, Dollhouse, Better of Ted, The Colberg Report, The Daily Show, Fringe, Jeff Dunham Show, The Forgotten, Flashforward, V, House, Chuck, Southland, Flashpoint, and Warehouse 13.</p></blockquote>
<p>I think this list of 37 shows was mostly in order of importance. I noticed some DVR crossreferencing about 2/3 of the way through suggesting casual use of some of the latter; or maybe they&#8217;re simply out of season and not momentarily memorable, kinda like <a href="http://earlyretirementextreme.com/2009/12/travel-is-not-worth-it.html">my travel experiences</a>.</p>
<p>Now, initially I was going to make a table, which is always a fun exercise in HTML, and find out where the shows were available for free, but I found it much easier just to list the ones that are NOT available on <a href="http://earlyretirementextreme.com/2009/02/hulu.html">hulu</a></p>
<blockquote><p>Criminal Minds, Supernatural, Big Bang Theory, Mentalist, Dr. Who, Whose line is it anyway, Dirty Jobs, Jeff Dunham Show, The Forgotten, Southland, and Flashpoint.</p></blockquote>
<p>Of these 11 shows (about 30% of the full list) two of them, the first two, are considered critical. So out of the entire list, 5% of the critical shows are not available for free. (I also notice that except for the crucial couple, the other ones are pretty far down the original list.) I don&#8217;t know whether they are available elsewhere. Of course they will be available for purchase at some point.</p>
<p>What does this cost? I&#8217;m told the cable subscription which she pays out of her pocket, just like I pay my fun out of my pocket, is $45/month. (Paying with personal money avoids all kinds of arguments.) $45/month requires capital assets of $13,500 to back them on a sustainable basis; alternatively a couple of hours of work each month for the rest of one&#8217;s life. In my opinion, that&#8217;s a lot of money to avoid not being up to date on two crucial shows, which are not readily available. Then again, that&#8217;s why we don&#8217;t share out entertainment budget.</p>
<p id="bte_opp"><small>Originally posted 2009-12-19 20:13:22. </small></p>]]></content:encoded>
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		<slash:comments>31</slash:comments>
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		<title>Downsizing party</title>
		<link>http://earlyretirementextreme.com/downsizing-party.html</link>
		<comments>http://earlyretirementextreme.com/downsizing-party.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:12 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[downsize]]></category>
		<category><![CDATA[downsizing]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2978</guid>
		<description><![CDATA[In case you don&#8217;t read all the comments (note that it is possible to get all the comments in a single feed), I wanted to highlight an idea from Oasis in a recent comment of having a downsizing party. You invite your friends to your home, the price of admission being a bottle of wine [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fdownsizing-party.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>In case you don&#8217;t read all the comments (note that it is possible to get all the comments in a single feed), I wanted to highlight an idea from Oasis in a recent comment of having a downsizing party. </p>
<p>You invite your friends to your home, the price of admission being a bottle of wine and in exchange they can bring away your clutter. Practically speaking, you could either mark it, put it in boxes, simply say yes or no when asked, or point out each item and ask if anyone wants it. Actually you don&#8217;t need the wine part, I just thought it was a clever idea. You could also organize it as a potluck.</p>
<p>In fact, getting really &#8220;primitive&#8221;&#8212;I may be overly generalizing here, but I understand what we think of as primitive people are very happy to give their stuff away (gift economy and all that)&#8212;a group could take turns hosting such parties. That way you would always keep your possessions trimmed and you might have an opportunity to acquire some new stuff. Also, it makes eating out a more worthwhile experience.</p>
<p>The only problem I see with this is if your friends are mostly downsizers themselves. I have run into that problem myself often enough: I got about 100 CDs I&#8217;m trying to get rid off. Do you want them? No, thanks, I&#8217;m trying to downsize. So best if you can invite some hoarders <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p id="bte_opp"><small>Originally posted 2010-03-09 13:55:59. </small></p>]]></content:encoded>
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		<slash:comments>17</slash:comments>
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		<title>Using baking soda for brushing teeth</title>
		<link>http://earlyretirementextreme.com/using-baking-soda-for-brushing-teeth.html</link>
		<comments>http://earlyretirementextreme.com/using-baking-soda-for-brushing-teeth.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:50:00 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[alcohol]]></category>
		<category><![CDATA[baking soda]]></category>
		<category><![CDATA[brush]]></category>
		<category><![CDATA[brushing]]></category>
		<category><![CDATA[listerine]]></category>
		<category><![CDATA[mechanical]]></category>
		<category><![CDATA[proof]]></category>
		<category><![CDATA[salt]]></category>
		<category><![CDATA[toothbrush]]></category>
		<category><![CDATA[UV]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=288</guid>
		<description><![CDATA[I have started to use baking soda to brush my teeth (again). I don&#8217;t do this to save money on toothpaste, which is cheap and often free thanks to the lunacy of coupon clipping (this is the only place where we do this). Rather, I do it to save money on the dentist, who is [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fusing-baking-soda-for-brushing-teeth.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>I have started to use baking soda to brush my teeth (again). I don&#8217;t do this to save money on toothpaste, which is cheap and often free thanks to the lunacy of coupon clipping (this is the only place where we do this). Rather, I do it to save money on the dentist, who is evil and sadistic. For someone who is <del datetime="2010-11-22T04:59:08+00:00">contemplating</del> skipping dental insurance, this becomes a concern.</p>
<p>Baking soda raises the pH (I knew that) while bacteria in the mouth creates acid (low pH) as a byproduct (I knew that) which destroys the enamel (I knew that too). I just did not put those things together and thought that the main reason for including the baking soda was for its abrasive effect. In addition baking soda causes a lot of saliva which is why you can just put the powder on the toothbrush and start brushing. This saliva further helps the acid disposal process.</p>
<p>DIY toothpaste is basically composed of bacteria unfriendly ingredients. Use any combination of salt, baking soda, and high proof alcohol. The rest is just taste and advertising. Speaking of which; did you know that Listerine was originally invented to cure athletes foot? Instead it was turned into a mouthwash. Nothing wrong with that. Just good business practice.</p>
<p>Of course the main action is mechanical, so you could brush your teeth without any toothpaste whatsoever, and I suppose really frugal people chew on a stick. In that case, just keep your toothbrush in the sun to fry the bacteria with free UV radiation (not behind glass, glass has sun factor 40+ and stops most UV). Alternatively, if you&#8217;re a consumer, you just buy one of those electric toothpaste where you don&#8217;t have to move your hand and UV light so you don&#8217;t have to walk all the way over to the window to put the toothbrush down, but instead have to work a job to pay for it. Also the consumer product has the side effect of stimulating the economy(!)</p>
<p id="bte_opp"><small>Originally posted 2008-07-25 08:07:54. </small></p>]]></content:encoded>
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		<slash:comments>34</slash:comments>
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		<item>
		<title>Selling graduate textbooks</title>
		<link>http://earlyretirementextreme.com/selling-graduate-textbooks.html</link>
		<comments>http://earlyretirementextreme.com/selling-graduate-textbooks.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:49:46 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[grad level]]></category>
		<category><![CDATA[textbooks]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=293</guid>
		<description><![CDATA[Once upon a time I realized that limited edition graduate texts in myField might go out of print some day and I decided to establish my own &#8220;little&#8221; library by buying them before they went out of print. In retrospect this was stupid. The reason is that graduate level texts are generally only useful while [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fselling-graduate-textbooks.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>Once upon a time I realized that limited edition graduate texts in myField might go out of print some day and I decided to establish my own &#8220;little&#8221; library by buying them before they went out of print. In retrospect this was stupid. The reason is that graduate level texts are generally only useful while one is actually on the graduate level. After that most information is acquired from published papers. This even goes for the graduate textbooks which also reference papers. Another problem is that the information slowly gets outdated. It is rare that some information will turn out to be wrong, except when a famous researcher refuses to let go of his pet theory and invents steadily more elaborate patched to fit his old theory to reality, yet the textbooks will obviously and inevitably contain outdated information.</p>
<p>Therefore I have started listing my books on amazon. Surprisingly, many of them sell for quite a bit of money. After all, they&#8217;re not part of those double digit edition text books that make a select number of professors very rich and a huge number of students fairly poor(*).</p>
<p>(*) One suggestion to college students is to buy textbooks used 1 or 2 editions back. They typically cost less than $5 compared to the new price of ~$100. And if some book is in its 12th edition you can bet that the incremental changes are very small at this point.</p>
<p>Now the question is whether to also sell those proceedings where I actually got a paper of my own in &#8211; oh the nostalgia. I suppose I could always check it out from a library should I feel so inclined.</p>
<p id="bte_opp"><small>Originally posted 2008-07-29 16:11:48. </small></p>]]></content:encoded>
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		<slash:comments>8</slash:comments>
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		<title>My 4 hour work week</title>
		<link>http://earlyretirementextreme.com/my-4-hour-work-week.html</link>
		<comments>http://earlyretirementextreme.com/my-4-hour-work-week.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:49:45 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[Early Retirement]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[Work]]></category>
		<category><![CDATA[4 hour work week]]></category>
		<category><![CDATA[copy editing]]></category>
		<category><![CDATA[editing]]></category>
		<category><![CDATA[latex]]></category>

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		<description><![CDATA[Aside from being financially independent, I also maintain a 4 hour work week just to prove that you don&#8217;t need to accumulate six figures of net worth to leave a full time career. Consider it a form of social service: Oh, the sacrifices I make just to prove a point Update: I no longer do [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fmy-4-hour-work-week.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>Aside from being financially independent, I also maintain a 4 hour work week just to prove that you don&#8217;t need to accumulate six figures of net worth to leave a full time career. Consider it a form of social service: Oh, the sacrifices I make just to prove a point <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p><em>Update: I no longer do this. The excitement of solving copy editing puzzles eventually wore off and I got busy finishing my book. I haven&#8217;t worked on this since Feb/2010. However, that doesn&#8217;t mean that this isn&#8217;t a viable alternative for those who prefer a continuous part time job compared to working full time for several years in order to become an investor.</em></p>
<p>While not exactly equivalent to the zero hour work week of financial independence, four hours do come pretty close, and so it could be the choice of those who do not want to hold full time career over 5 years to become financially independent.</p>
<p>For the purposes of this discussion I will define work as something you do that makes money but which you would otherwise not do if you did not get paid. I realize that some of you guys looooove your jobs and don&#8217;t consider it work. I used to feel the same way, but realize that this can change.</p>
<p>This post is more for those who don&#8217;t love their jobs but see it as a necessity to pay for other expenses.</p>
<p>The key requirement for this to work is, like with extreme early retirement, to either have an extremely large hourly rate or conversely, have an extremely low level of expenses. Here, I will go with the latter since there are more people capable of spending little (like $500 a month) than there are people capable of earning much (like $200/hour).</p>
<p>My 4 hour work week job involves typesetting scientific articles using LaTeX which is a program/programming language which determines how equations, paragraphs, etc. should appear on the page. Requirements involve some rudimentary understanding of equations e.g. knowing that breaking (log(x)+log(y)) right before (y) would be really really bad, nothing a high school graduate <strong>shouldn&#8217;t</strong> know; a certain command of English&#8212;hey I&#8217;m a foreigner, and I have it as <strong>should</strong> most high school graduates&#8212;, and knowledge of LaTeX (get the books by Knuth and Lamport and read them).</p>
<p>Learning La/TeX involves some effort/self-education on your part, but I would say you could reach a decent level in 6 months if you put your back into it. If you&#8217;re a computer whiz, you could probably learn it over the weekend. The hard part probably involves finding the job. Actually for me, it wasn&#8217;t hard at all, I wasn&#8217;t even looking. DW sent it to me from craigslist, when she was looking for jobs for herself. I thought it sounded interesting and had the job half an hour later, so consider this a result of serendipity.</p>
<p>It pays $35/hour. Hence, 4 weeks of 4 hours equals $560 (minus taxes) which is higher than my expenses, which proves the concept. I work from home, being set up as a home business, and all correspondence is via email and an online database. I can work whenever, however, and how much I want, which fits ideally with the rest of my life. For instance, I can work from home or from the beach. Or I can work 4 hours one day and take a week&#8217;s break (which in fact I just did since I got busy with something else). In that sense it is ideal for the way I live.</p>
<p>The income also means that I can maintain a savings rate of 50%+; I&#8217;m doubly covered; or alternatively, if DW looses her job, I can cover her. Employment also lends a certain level of respectability, something which I still find personally problematic due to a deeply ingrained protestant work ethic and old-fashioned &#8220;the husband should be the provider/earn more than the wife&#8221; values. Ugh!</p>
<p>Jobs that are similarly arranged (work whenever and however much) include doing online surveys or tutoring, but they pay much lower, more akin to $10/hour if they go that high for the surveys.</p>
<p>In comparison, $35 seem like a very high salary and in a sense it is, but it reflects the rarity of people with <strong>sufficient</strong> skills. Hence, and I can not stress this enough as part of the compleat ERE life strategy: You need to make yourself valuable and skilled in whatever you do. Be a little bit better than the competition (Not wasting time watching TV already puts you ahead of 95% of everybody else). Now this may sound like work, but it is not a lot of work, especially not when compared to doing surveys.</p>
<p>Alright, so now you&#8217;re saying that &#8230; hey, surely I&#8217;m cheating because I actually am what computer guys call a whiz (and everybody else calls a nerd <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_razz.gif' alt=':-P' class='wp-smiley' />  ) and thus I didn&#8217;t have to spend months with my nose in the books. Okay, I&#8217;ll give you that. I am, therefore, trying to learn watch repair (surely a non-nerdy profession, no?) well enough to get paid for it, but for starters well enough not to pay someone else for it(*).</p>
<p>(*) I own a beautiful 1961 Omega Seamaster which costs a couple of hundreds to get serviced every few years. I figure it&#8217;s worth spending some time learning how to do this myself.<br />
In conclusion, you can have a 4 hour work week (for real!). My suggested strategy is to kill your stupid TV and instead spend your time learning a handful of skills that are worth $35/hour on the open-market as well as being personally useful to you(*) and (actively) wait for one of them to be requested. I think such a diversified strategy beats concentrating on one and then trying frantically to find it. All it requires&#8212;but maybe that IS asking for a lot <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_sad.gif' alt=':-(' class='wp-smiley' />  &#8212;is the drive to learn new stuff and a proactive response whenever an opportunity presents itself.</p>
<p>(*) Yes, I&#8217;m typesetting the book I&#8217;m writing in LaTeX and I used to write my papers using LaTeX.</p>
<p id="bte_opp"><small>Originally posted 2009-06-01 13:41:30. </small></p>]]></content:encoded>
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		<item>
		<title>Simple pancake recipe</title>
		<link>http://earlyretirementextreme.com/pancake-recipe.html</link>
		<comments>http://earlyretirementextreme.com/pancake-recipe.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:49:35 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[pan cake]]></category>
		<category><![CDATA[pan cakes]]></category>
		<category><![CDATA[recipe]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=3788</guid>
		<description><![CDATA[I&#8217;m making pancakes while blogging, so I figured I might as well blog about making pancakes. Now I understand it is possible to buy some kind of mix or powder, but I don&#8217;t even want to go there. Here&#8217;s the recipe. 1 cup flour 1 cup water 1 egg 1 teaspoon baking powder Scale accordingly [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fpancake-recipe.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>I&#8217;m making pancakes while blogging, so I figured I might as well blog about making pancakes. </p>
<p>Now I understand it is possible to buy some kind of mix or powder, but I don&#8217;t even want to go there. Here&#8217;s the recipe.<br />
<UL><br />
<LI>1 cup flour</p>
<li>1 cup water
<li>1 egg
<li>1 teaspoon baking powder
</ul>
<p>Scale accordingly and mix together: whip eggs (until uniform), whip eggs together with water, then add the flour <strong>slowly</strong> while whipping. You don&#8217;t want any flour clumps  I prefer to keep my recipes very simple and adjust by feel, that is, if it looks too runny, add more flour and if it looks too solid, add more water.</p>
<p>I generally prefer to make pancakes using butter rather than oil and I vastly prefer <a href="http://www.amazon.com/dp/B00008GKDG/?tag=oildepletiove-20">cast iron pans</a> (link to what I&#8217;m using) over teflon pans for this kind of job. </p>
<p>Pour the batter on the hot pan and tip it to make the batter cover the surface. If it&#8217;s runny, add more flour (next time). If the pancakes are too thick, add more water (next time). Wait until the bubbles pop, then flip it with a spatula (or in the air if the wife isn&#8217;t home). The &#8220;B-side&#8221; is done when you can move the pan cake easily around on the pan.</p>
<p id="bte_opp"><small>Originally posted 2010-07-07 19:09:25. </small></p>]]></content:encoded>
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		<title>The best Xmas ever</title>
		<link>http://earlyretirementextreme.com/the-best-xmas-ever.html</link>
		<comments>http://earlyretirementextreme.com/the-best-xmas-ever.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 08:40:42 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[Timely]]></category>
		<category><![CDATA[gift]]></category>
		<category><![CDATA[xmas]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=963</guid>
		<description><![CDATA[After almost a year of not having to think about money, it is time again. I am not talking about tax season. No, I&#8217;m talking about Xmas. The consumerist rat race where you buy presents for people you hardly know and thereby force them to reciprocate and give you something in return. The retail sector [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fthe-best-xmas-ever.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>After almost a year of not having to think about money, it is time again. I am not talking about tax season. No, I&#8217;m talking about Xmas. The consumerist rat race where you buy presents for people you hardly know and thereby force them to reciprocate and give you something in return. The retail sector loves it and with tight profit margins many of them do not actually turn a profit in the last month of the year. I am not sure this is from misunderstanding accrual accounting or it is really true: One could argue that any business with a net profit margin less than 1/12 does not turn a profit until December.</p>
<p>Anyway, I have fought this forced exchange with some success over the years and thus made it slightly less stressful. My problem is that nobody is better qualified to know what I need than me. Also, nobody is better qualified to pay for it. Therefore, if I need or even want something bad enough, chances are (100%) that I already have it. This means that gift exchanges are a net negative for me. It would be more efficient if we all just bought things for ourselves than things for others. Verily, Xmas seems to be an excuse for inefficient purchasing which is, of course, what shopping is all about. Oh well.</p>
<p>Fear not young rational, below I have collected some suggestions, which have worked with more or less success, that should alleviate some of the senselessness of Xmas. So here we go&#8230;</p>
<p>The cynical accountant&#8217;s xmas:</p>
<ul>
<li>Instead of buying presents write down the price of the gifts you intend to give each other on a ledger and then subtract the amounts. Then write checks for the net amount dependent on what you owe. I keep suggesting this one and it keeps getting turned down</li>
</ul>
<p>The creative frugality expert&#8217;s xmas:</p>
<ul>
<li>Set a limit of $5 per person and see how that works out. Don&#8217;t play this game with consumers or all the gifts will be bought at a drugstore.</li>
<li>Decide that all gifts have to be bought used.</li>
<li>Buy the gifts from people you know (a &#8220;homemade sweater&#8221;) and give them to other people.</li>
</ul>
<p>The overstuffed home owner&#8217;s xmas:</p>
<ul>
<li>Give the gift of experience. This could be a simple trip. I personally favor an intro-course, like a &#8220;6 hours of sailing for beginners&#8221; introduction. Many clubs will offer a deal like this. Be very careful about the recipient though as this could easily backfire. Even if the person seems interested it does not mean that they are willing to commit or even have the time.</li>
<li>Food is also a good idea. For instance, I love capsicum (the &#8220;hot&#8221; in hot sauce), so a few years ago I got various bottles from several people. I have more than 10 bottles and the lasted almost half a year <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_biggrin.gif' alt=':-D' class='wp-smiley' />  Giving something exotic might not be a good idea; I&#8217;m thinking of those &#8220;make your own somethingyouveneverheardabout/somethingthattakesforevertomake&#8221; kits. These might just sit in the pantry until they expire.</li>
</ul>
<p>The busy/stressed out person&#8217;s xmas:</p>
<ul>
<li>Give the gift of time. How about lawn service for a year?</li>
<li>Give the gift of agreeing not to give gifts. Not everybody likes to participate in gift exchanges, especially those who are no longer teenagers.</li>
</ul>
<p>The lazy person&#8217;s xmas:</p>
<ul>
<li>Toothbrushes and toothpaste. Many years ago, I kept telling everyone &#8220;Toothbrushes&#8221; as a first defense. It worked, and as a result I ended up with enough toothbrushes to last me almost a decade. I never had to think about toothbrushes. Just don&#8217;t give someone a truckload of toilet paper. And don&#8217;t give your wife 5 gallons of dish detergent as she will not be able to appreciate the imminent and sophisticated rationality behind such a gift <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </li>
<li>Socks, underwear, standardized jeans, etc. also works this way.</li>
</ul>
<p>There are also things you should stay clear off.</p>
<ul>
<li>Gift cards! In this environment any gift card better be issued from a financially strong company. If they fold and go bankrupt before your gift card is used, the gift card is worthless. Cash is king!</li>
<li>Treasury bonds. See above.</li>
<li>Lottery tickets, at least for the financially or statistically savvy. Fun fact: According to the BLS, people who earn less than $13000 annually spend almost 10% of their income on lottery tickets. Talk about regressive taxes!!</li>
<li>Gifts that require a buy-in. For instance, a shaving kit which requires frequent replacement of expensive blades.</li>
<li>Any kind of pet. See above.</li>
</ul>
<p>I&#8217;d be interested in hearing other ideas! Post comments below.</p>
<p id="bte_opp"><small>Originally posted 2008-11-29 11:38:53. </small></p>]]></content:encoded>
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		<title>How to deal with heat</title>
		<link>http://earlyretirementextreme.com/how-to-deal-with-heat.html</link>
		<comments>http://earlyretirementextreme.com/how-to-deal-with-heat.html#comments</comments>
		<pubDate>Wed, 30 Nov 2011 13:09:28 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[cooling]]></category>
		<category><![CDATA[heat]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=1556</guid>
		<description><![CDATA[Dealing with heat is far worse than dealing with cold because you can not just put more clothes on. Now, one could just switch on the A/C, but there are also ways to avoid this by taking advantage of the environment rather than ignoring it or working against it. In general the nights get tolerably [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fhow-to-deal-with-heat.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>Dealing with heat is far worse than dealing with cold because you can not just put more clothes on. Now, one could just switch on the A/C, but there are also ways to avoid this by taking advantage of the environment rather than ignoring it or working against it.</p>
<p>In general the nights get tolerably low or even nice and cool, so if you are not tied to specific working hours like 9-5, consider working very early in the morning or in the evening. This is a good time to to garden work (when the full moon is out). Then reserve the mid day for a siesta. Also, remember, the less you use A/C the more used you get to high temperatures. You simply start sweating better. If you don&#8217;t have A/C and the nights get very warm, consider sleeping outside on the balcony. Failing that, keep the window wide open and sleep right under it. Another thing you can do is to make the mattress wet. The evaporation will have a cooling effect, but now we&#8217;re talking dessert conditions.</p>
<p>Here&#8217;s how I cool the RV. I believe this would work on a house as well. The difference is that an RV has far less thermal mass than a house, so I see wider swings, and that insulation, at least in our model, is non-existent (kinda like the surrounding houses in CA).</p>
<p>First, at night, I open all the windows, since it is cooler outside, and arrange the blinds for some draft. This brings the inside morning temperature down to the lower 60s; it is always good to start cold if it is going to get hot. In the morning I then close all the blinds on the sun side to stop the radiative heat. The air is still cool outside, but the radiation on the roof and the sides will start heating up the RV like a car. As the sun moves around (We&#8217;re oriented on a N-S axis), I open the blinds on what is now the shadow side and vice versa. Once and if the outside temperature goes significantly above the inside temperature (I have a car thermometer, so I get both), I close the windows and the back compartment and run the front A/C only (since this is a big rig, we have two A/Cs, front and back). Around 5 the wind starts blowing, so I open all windows for the draft shutting off the A/C. Depending on how hot it got, I may or may not close the windows later to preserve heat. If it gets really hot, I also use the mattress trick on the roof of the RV (you can do this to your house and surrounding trees .. it&#8217;s good for 5-10F depending on how windy it is).</p>
<p>In other words, I continuously try to gauge whether I can balance convective cooling against radiative heating or whether I should just give up and run the A/C.</p>
<p id="bte_opp"><small>Originally posted 2009-05-08 10:18:15. </small></p>]]></content:encoded>
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		<item>
		<title>The frugal challenge</title>
		<link>http://earlyretirementextreme.com/the-frugal-challenge.html</link>
		<comments>http://earlyretirementextreme.com/the-frugal-challenge.html#comments</comments>
		<pubDate>Wed, 23 Nov 2011 11:38:23 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[blogger]]></category>
		<category><![CDATA[frugal]]></category>
		<category><![CDATA[yakezie]]></category>

		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=3497</guid>
		<description><![CDATA[For some, a challenge, that is, a game is an effective way to step of the effort. It can also serve as a spark for those who are ready to change. A few Yakezie bloggers (Single Mom, Rich Mom, Barbara Friedberg Personal Finance, Money Funk, and Move to Portugal) recently started a challenge about who [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fthe-frugal-challenge.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>For some, a <a href="http://earlyretirementextreme.com/2009/04/day-18-join-a-challeng.html">challenge,</a> that is, a game is an effective way to step of the effort. It can also serve as a spark for those who are ready to <a href="http://earlyretirementextreme.com/2008/04/making-changes.html">change</a>. </p>
<p>A few <a href="http://yakezie.com/">Yakezie</a> bloggers (<a href="http://www.singlemomrichmom.com/">Single Mom, Rich Mom</a>, <a href="http://barbarafriedbergpersonalfinance.com/">Barbara Friedberg Personal Finance</a>, <a href="http://www.moneyfunk.net">Money Funk</a>, and <a href="http://movetoportugal.org/afrugalchallenge/">Move to Portugal</a>) recently started a challenge about who can reduce variable costs the most over the next month.</p>
<p>To win, I recommend the <a href="http://earlyretirementextreme.com/2008/02/using-the-crowbar-maneuver-to-get-cash-fast.html">crowbar method</a>. It&#8217;s very simple as it is essentially a 100% reduction (don&#8217;t spend any money) and as such it will win. Of course this will only work because the competition only runs for a month. For longer challenges, you&#8217;d need something like the <a href="http://earlyretirementextreme.com/2008/12/day-0-the-early-retirement-extreme-30-day-makeover.html">21 day makeover</a>. </p>
<p>I never really thought deeply about tricks to reduce discretionary expenses. What used to work for me, though, was</p>
<ul>
<li>Walk everywhere. One is less likely to go out to buy something discretionary if it has to be paid for with physical activity.
<li>Only carry $20 in cash. No plastic. This means not only does one have to walk to shop, one also has to walk to the bank. And one can not spend more than $20. (Without another trip to the bank of course.)
</ul>
<p>Fun ways to add to the competition is to allow the proceeds of selling stuff to add back on the expenses. Much of my discretionary spending is driven by selling old stuff. This keeps the total amount of stuff I have at an appropriate level and that makes the choice of homes much more flexible than if I had a lot of unused stuff around. It also provides a natural brake on spending. It is easy to just pull out a credit card. Too easy; so there is no challenge. If, on the other hand, the acquisition of new stuff or even the purchase of an experience (for shame <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_razz.gif' alt=':-P' class='wp-smiley' />  ) depends on &#8220;making a sale&#8221;, it becomes much more satisfying. </p>
<p id="bte_opp"><small>Originally posted 2010-06-10 10:12:32. </small></p>]]></content:encoded>
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		<title>How to live out of a suitcase</title>
		<link>http://earlyretirementextreme.com/how-to-live-out-of-a-suitcas.html</link>
		<comments>http://earlyretirementextreme.com/how-to-live-out-of-a-suitcas.html#comments</comments>
		<pubDate>Mon, 14 Nov 2011 10:05:40 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
		<category><![CDATA[frugal]]></category>
		<category><![CDATA[need]]></category>
		<category><![CDATA[suitcase]]></category>

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		<description><![CDATA[In the past I have made random comments about living out of a suitcase. I have done so in the past and it is entirely possible &#8212; in fact I arrived in the US with just a suitcase &#8212; to fit in the necessary clothes, cookware, and electronics in a large suitcase. At some point [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fhow-to-live-out-of-a-suitcas.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>In the past I have made random comments about living out of a suitcase. I have done so in the  past and it is entirely possible &#8212; in fact I arrived in the US with just a suitcase &#8212; to fit in the necessary clothes, cookware, and electronics in a large suitcase. At some point someone asked me what one should bring along and I promptly filed the question on my ever-growing to-do-list (item #29) of blog topics and then forgot about. When the simple dollar used the <a href="http://www.thesimpledollar.com/2008/11/04/the-suitcase-test-the-things-you-really-need/">suitcase to illustrate a point about the amount of stuff</a> we carry around, I remembered the original question, so here goes.</p>
<p>Living out of a suitcase comes with the following advantages:</p>
<ul>
<li>It is very easy to pack up and move. This is thus ideally suited for students, salesmen, contractors, globetrotters, speakers, and other people that move around.</li>
<li>It puts a very hard limit on the amount of things you can own. Not only do you have to think about cost, you also have to think about weight and space. Anything you buy has to be <a href="http://retire-at-40.blogspot.com/2008/11/living-it-down-small-instead-of-living.html">space-</a> and weight-exchanged for something  that  originally was in the suitcase. Otherwise you lose the advantage.</li>
</ul>
<p>Personally, I have a big Samsonite suitcase. I won&#8217;t bother to go in and measure it but suffice to say it&#8217;s within airline regulations and in retrospect it may be pretty average as far as big goes. I paid $95 for it years ago. On transatlantic flights, people usually bring two of these just to give you an idea.</p>
<p>To bring list:</p>
<ul>
<li>Towel: A <a href="http://en.wikipedia.org/wiki/Towel">towel</a> is the most massively useful thing an interstellar hitchhiker can have. Naturally you need one, but only one. I used the same towel for four years at which point I ceremoniously declared it dead. I recommend a medium sized towel. It dries the body as well as a big towel but it takes up less space. Roll up the towel (rather than fold it) when putting it in the suitcase. This goes for the clothes too. Rolling as opposed to folding is a more efficient way of storing clothes.</li>
<li>Toiletries include tooth brush, floss, and shaving kit. It is presumed that you buy the toothpaste, soap, deodorant, and shampoo when you arrive and ditch it when you move. If you want to rough it, you can use <a href="http://earlyretirementextreme.com/2008/07/using-baking-soda-for-brushing-teeth.html">baking soda </a>for ALL of these. For the shaving kit, I use a straight razor with replaceable blades. I have found that if the beard is kept wet, I can go for half a year without replacing the blades. This avoids the strop and other gadgetry of a real straight razor and the cost of the high tech multi-blade instruments.</li>
<li>You need one pair of leather boots for walking in all seasons, one pair of dressy shoes, and one pair of trainers.  Make sure the boots and the dress shoes are the same color. The reason is that you only need one color of shoe polish. Forget about the sponge and use the oldest pair of socks in your inventory; speaking of which &#8230;</li>
<li>You need 13 pairs of socks. I prefer this to be tennis socks, <a href="http://earlyretirementextreme.com/2008/01/making-socks-last.html">all black</a>. A 12-day laundry cycle just under two weeks works well for a single person (if you can do your laundry with another person divide all of the following numbers by two) as that seems to correspond to an amount of clothes, split into warm and cold washes that just fill up a laundry machine. Why 13 instead of 12? You might step in something wet.</li>
<li>You also need 12 sets of underwear. I&#8217;m presuming that you won&#8217;t sit on something wet. Briefs take up much less space than boxers.</li>
<li>You need 12 t-shirts. If you are forced to weak business casual, make that collared shirts. If you are forced to wear business, make them shirts.</li>
<li>You need two, maybe tree, pairs of pants. I prefer chinos, jeans, and some light technical sports pants (for laundry, sports, and rain). If you need to wear suits you will want to modify this plan. Instead of the sweater get a suit jacket and instead of the jeans and chinos get two pants that match the suit jacket; also include a couple of ties. Just make sure that EVERYTHING MATCHES WITH EVERYTHING. If nothing else, you can never go wrong with white or dark blue shirts.</li>
<li>You need one sweater. Make sure it matches the shirts and the pants.</li>
<li>You need two large plastic bags to hold your laundry. You can bring them or get them later. If they rip, get new ones. They do not take up much space.</li>
<li>You need one jacket. I recommend a three layer Goretex jacket. Make it black. If it has a hood it should either be detachable or go into the collar. This will work as business casual and it will be good for three seasons. Summer = no jacket. When it get cold, wear your sweater under it.</li>
<li>You can bring either a wide brimmed hat or an umbrella. Also get some sunglasses. If you tend to throw them away a lot, get cheap $5 ones. If you don&#8217;t get some good ones. My raybans are from 1999.</li>
<li>You need one needle, and a few rolls of thread that matches the color of your clothing: probably white and black. Include a couple of safety pins as well, they are always useful.</li>
<li>For scissors, I prefer the leatherman squirt because this can go in your key ring along with a photon LED light. I would also in get a Swiss army knife with corkscrew, can opener, and screw drivers.</li>
<li>Get a small first aid kit.</li>
<li>For cooking, I use a one gallon pressure cooker. Get the best you can afford. I use a Kuhn-Rikon that has been going for 8 years now (although the rubber gasket on one of the pressure valves is getting a bit stiff). Bring one stainless steel plate. I prefer steel because  it&#8217;s not plastic and it does not shatter.  Also bring one cup. There is no need to bring more than one fork and one spoon since it is the odd person that eats with two spoons at the same time! For the knife, I prefer a short serrated utility/tomato knife. This will keep cutting and can be used on the steel plate with no adverse effects. Also get a set of small storage containers, maybe 2 or 3. Each should be the size of one of your meals. Wrap all this in your shirts and put them in the suitcase.</li>
<li>I generally do not bring any food. There are often issues with customs. Also, it takes up space. The only thing I would bring here are spices. The rest you can buy as you go along.</li>
<li>You need a small backpack. I got my favorite backpack for free at a conference. It holds my letter sized laptop in a letter sized compartment for paper. The laptop will play your music and your movies. Never buys movies. Either rent them, borrow them, or get them via netflix, etc.</li>
<li>Speakers take up a lot of space, so <a href="http://earlyretirementextreme.com/2008/11/upgrade-your-music-collectionwith-quality-headphones.html">get some headphones</a>.</li>
<li>You also need a pen, a pencil, and an eraser. One binder should be enough to hold your personal files. Get a hole punch that makes one hole at a time. It does not take up much space. You can also get a tiny stapler.</li>
<li>You need one set of bed sheets.  I highly recommend a pillow. A pillow will take up quite a bit of space, so get a small but comfortable one.  Fashioning a replacement pillow out of shirts gets old real fast (well a month anyway). For the blanket get a fleece liner from a sleeping bag and get a sleeping bag rated for room temperature. Depending on how warm it is, you can use either the sheet, the sheet+fleece liner or sheet+liner+unzipped sleeping bag</li>
</ul>
<p>This should include everything you &#8220;need&#8221;. For exercise, <a href="http://earlyretirementextreme.com/2008/01/getting-in-shape-without-paying-a-dime.html">use body weight exercises</a> although you may want to consider adding a piece of nylon rope for jumping ropes. Be very careful about not buying books (very heavy!), CDs, or DVDs. In particular, do not buy anything unless you just wore something else out. Find hobbies that do not require equipment. If not, you will need an additional suitcase. Think about acquiring stocks and bonds as a way of &#8220;having&#8221; and &#8220;owning&#8221; rather than buying furniture and toys. It can be just as fun.</p>
<hr />
<ul>
<li>This post was included in the <a href="http://questtobedebtfree.com/festival-of-frugalityveterans-day-edition/">Festival of Frugality Veteran&#8217;s Day Edition</a></li>
</ul>
<p id="bte_opp"><small>Originally posted 2008-11-05 07:33:26. </small></p>]]></content:encoded>
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		<title>How to be happy in the long run</title>
		<link>http://earlyretirementextreme.com/how-to-be-happy-in-the-long-run.html</link>
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		<pubDate>Tue, 08 Nov 2011 09:18:48 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Health]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[Philosophy]]></category>
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		<description><![CDATA[The following is a list of the things I&#8217;ve learned during my first 30 years about how to live a good life. Take it for what it&#8217;s worth. 1) Decide what your priorities are Your main priorities are your health, food, shelter, and who/if you marry in that order. Your other priorities are your children, [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Fhow-to-be-happy-in-the-long-run.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p>The following is a list of the things I&#8217;ve learned during my first 30 years about how to live a good life.</p>
<p>Take it for what it&#8217;s worth.</p>
<p><strong>1) Decide what your priorities are</strong></p>
<p>Your main priorities are your health, food, shelter, and who/if you marry in that order.</p>
<p>Your other priorities are your children, your friends and your network, your career, and your financial situation.</p>
<p>Selecting the right flat screen TV, keeping up with current fashion, or getting season football tickets is not important.</p>
<p>I think if you follow these priorities, you&#8217;ll do well.</p>
<p><strong>2) Your health</strong></p>
<p>&#8220;Take good care of your body, because where else are you going to live?&#8221;</p>
<p>It&#8217;s hard to feel the difference between a healthy body and an unhealthy body when you&#8217;re 25. It&#8217;s very easy to feel the difference when you&#8217;re 55, because you&#8217;ll look like you&#8217;re 40 and feel like you&#8217;re 25.</p>
<p>Being healthy will make you feel good. Feeling good will make you look good and looking good will make you feel sexy.</p>
<p>Exercise daily. A little is better than nothing but do not settle for mediocrity for your top priority.</p>
<p>I believe the best forms of exercise are: crossfit, kettlebells and clubbells in that order. They&#8217;re each so good that you can stick with just one.</p>
<p>Make exercise part of your lifestyle!</p>
<p>The discipline required for this will first transform your body and then your mind.</p>
<p>Also don&#8217;t forget to floss daily <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p><strong>3) Food</strong></p>
<p>Eat good food.</p>
<p>Five servings of fruits and vegetables is not just recommended. It&#8217;s vital.</p>
<p>Good food does not mean a hearty steak with sauce and potatoes. It means a well-balanced meal with the right amount of calories and the right composition.</p>
<p>Pick either the <a href="http://www.amazon.com/gp/search?ie=UTF8&amp;keywords=Zone%20diet&amp;tag=oildepletiove-20&amp;index=books&amp;linkCode=ur2&amp;camp=1789&amp;creative=9325">Zone diet</a> if you&#8217;re into bean counting, the <a href="http://www.amazon.com/gp/redirect.html?ie=UTF8&amp;location=http%3A%2F%2Fwww.amazon.com%2FWarrior-Diet-Biological-Powerhouse-Explosive%2Fdp%2F1583942009%3Fie%3DUTF8%26s%3Dbooks%26qid%3D1201476912%26sr%3D8-1&amp;tag=oildepletiove-20&amp;linkCode=ur2&amp;camp=1789&amp;creative=9325"> Warrior diet</a>, if you&#8217;re an austere Spartan or the <a href="http://www.amazon.com/gp/search?ie=UTF8&amp;keywords=South%20Beach%20diet&amp;tag=oildepletiove-20&amp;index=books&amp;linkCode=ur2&amp;camp=1789&amp;creative=9325">South Beach diet</a>, if you think you&#8217;re a movie star. These are lifetime diets and not quick short term fixes.</p>
<p>Do not eat &#8220;many small meals&#8221; as this will never give your digestive system any rest. That approach is only recommended if you for one reason or another needs to eat massive amounts of food.</p>
<p>Never get on a short term diet &#8211; they set your hormonal system up for all kinds of trouble! If it took you five years to get fat, it will take you about five years to get lean again.</p>
<p><strong>4) Simplify your living quarters</strong></p>
<p>Avoid stuff and clutter. Make your possessions low-maintenance and low-volume.</p>
<p>You are not what you own despite what the commercials try to tell you.</p>
<p>On the same note, sitcoms are basically designed to portray what the perfect consumer-life.</p>
<p>Resist the brainwash. Eventually 0% APR offers will seem like a joke to you.</p>
<p>Most people buy houses which are way bigger than they need them to be. The reason is mainly to have a place to keep all the unused or rarely used stuff they accumulate. Resist the temptation.</p>
<p>If you already have a lot of stuff, do the following. Divide your stuff into three equally large piles: essentials, probables and unneeded. Take your unneeded pile and give it away to charity or your friends and make them happy. Take your &#8220;probable&#8221; pile and do a yard-sale. Now you have your remaining pile of &#8220;essentials&#8221;. Repeat the exercise again with your &#8220;essentials&#8221;. Your remaining essentials should be able to fit into a couple of suitcases. You&#8217;re done.</p>
<p>Do not buy a replacement until you have gotten rid of the previous item.</p>
<p>Now, for every item you buy, buy it as if you&#8217;re not going to replace it again for another 10-20 years. Do not buy into fads. A high quality jacket can last you 20-40 years. Major appliances 10-15 years. Utensils a life time.</p>
<p>Notice that businesses do not purchase crappy tools. They buy the best they can afford. Do the same.</p>
<p>When deciding where to live, try to live close to where you work, so you can walk or bike to work. If you must have a car, buy a new Toyota Corrolla or a new Honda Civic. Keep it for ten years. Then buy a similar vehicle. If you must have a bigger car, get the Camry or the Accord. You do not need an SUV or a van unless you&#8217;re a family of seven. Four people really do fit into a compact. You are not what you drive.</p>
<p><strong>5) Who to marry</strong></p>
<p>If you are going to marry choosing the right partner is very important. You want to get it right the first time! Be engaged for more than a year before you marry. Get a pre-nup. Try to estimate how your partner is going to turn out in the long run.</p>
<p>Note that people have different personalities depending on whether they&#8217;re in love or not. Most couples are only in love for six months &#8211; it&#8217;s a hormonal thing. Many couples run into a make or break crisis after two years.</p>
<p>One of the best ways to get under the skin of another person is to see how well they do during a crisis (The boat is sinking!). Do they freak out and start praying? Do they overreact? Do they think &#8220;everything is going to be alright and someone will rescue them&#8221;? These are the people you do not want to marry. You want to marry a survivor.</p>
<p><strong>6) Education</strong></p>
<p>There is a big difference between getting an education and being educated.</p>
<p>Learn to think and learn on your own. This is a highly valuable skill which is not taught in college. Rather what is taught is what information to repeat and how to repeat it. That is a big difference.</p>
<p>Do not drop out of high-school!</p>
<p>Do not delay finishing your education, because you don&#8217;t feel like it. You&#8217;re losing valuable time.</p>
<p>Learn a useful skill. Universities frequently suggest that you should study what you like. The reason for this is that if you study what you like, then you&#8217;re most likely to stay in the educational system for a longer time and thus be a good &#8220;customer&#8221; of the university system. If you go to grad school you&#8217;ll even serve as a very cheap source of highly skilled labour. The university does not care what happens to you after that. You may have a Ph.D. in ancient Egyptian algebra, but what is it good for?</p>
<p>Sometimes a degree in needed as a stamp of approval to get your foot in the door. Get the lowest degree needed for the doors you plan to enter.</p>
<p>Highly recommended fields of study are: Engineering, accounting, medicine, copy writing, and other applicable &#8220;rocket science&#8221; skills in high demand.</p>
<p>Not recommended are useless skills such as archeology, ancient history, and strange languages or any kind of skills that can easily be outsourced.</p>
<p><strong>7) Career</strong></p>
<p>You are not your career. Do not put all your self-worth into one basket, because if your career is temporarily failing, you&#8217;ll feel like a failure.</p>
<p>Try always to exceed your job description. Put in extra effort.</p>
<p>Work towards getting recognized in other areas/sectors of your company or other companies. That way you&#8217;ll always have a job offer waiting for you.</p>
<p>A good network is just as important as good skills.</p>
<p>It&#8217;s better to be employed at a lower wage than unemployed on a higher dole. Aside from money, employment also earns you experience and it builds your network.</p>
<p>If you&#8217;re stagnating in your current job, seek another.</p>
<p>Learn about management even if you&#8217;re not a manager. Even if you not managing other people, you&#8217;re still managing yourself. It will also allow you to spot bad management decisions of your manager &#8211; try to stay clear of those.</p>
<p>You do not have a right to work and you do not have a right to a minimum wage. Your working is a transaction you make with your employer and you are both free to end the transaction if the terms does not satisfy either of you.</p>
<p><strong> <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_cool.gif' alt='8)' class='wp-smiley' /> Children</strong></p>
<p>You must consciously decide why you want to have children and if they are worth the 18 year commitment.</p>
<p>Your job as a parent is not to provide fun activities and special programs for your children in the hope that they may grow up to be successful high-income earners like yourself.</p>
<p>Your job as a parent is not to give your children gifts and money so that they will be happy and love you.</p>
<p>Your job is to provide a good role model whom your children will try to imitate. They will do this because they are children and you are their parent.</p>
<p>They will try very hard to live up to your standards, if and only if you set equally high standards for yourself.</p>
<p>You can not change your kid&#8217;s IQ or personality. However, you can change how they behave and what they learn.</p>
<p>Remember, children are gullible and they will believe anything you tell them. The best thing you can do for them is to teach them to think for themselves and be skeptical.</p>
<p>If your kid&#8217;s turn out to be well-adjusted adults who can take care of themselves and stay out of trouble, you have done well indeed!</p>
<p><strong>9) Financial independence</strong></p>
<p>Start saving and start saving hard! Put $1500-$2000 into savings every month and increase that amount by the inflation rate (about 3-4%) every year. If you can&#8217;t do that you must either adjust your consumption downwards, get a better paying job or a second job.</p>
<p>$1500-$2000 each month is the key here!</p>
<p>For most people it is usually more effective to cut consumption rather than increase the income. Cutting consumption means cutting your liabilities. Move into a smaller house/apartment &#8211; maybe in another part of the country even, get a smaller car, cancel the gym-membership and train at home, cancel the cable, get rid of the cellphone, do your own nails/hair, stop going out, stop renting movies, stop buying the newest computer games or DVDs, agree on more modest xmas presents, get a hobby which doesn&#8217;t cost much money (computer programming, reading, or singing) or even better, get a hobby which earns you money (like crafts, fixing cars, gardening, blogging, or investing).</p>
<p>Work on delaying your gratification. Don&#8217;t let your immediate desires determine your consumer habits. If you think you must own something, write it down on a list. At the end of the month, check your list, most likely you will have forgotten why you wanted some of these items in the first place. Keep making a list every month. If an item shows up on a list five months in a row, then get it, but only if you think that it&#8217;s really worth it.</p>
<p>Do not envy your neighbor&#8217;s possessions. Remember that most people are all &#8220;Big hats, no cattle&#8221;.</p>
<p>If you have credit card debt, cut the cards up and pay them off. Do not get a home-equity loan. Do not get a car loan. If you have any of those pay them off as fast as possible. These are deadly to your financial independence.</p>
<p>Student loans are more benign. If you can lock in a low rate, pay them off slowly while increasing your savings.</p>
<p>Start a cash position with your savings. ING Direct, Everbank, and First Immigrant are good. When you have more than a few months worth of pay in that account buy a low-cost low-risk mutual fund and stick to it!</p>
<p>Do NOT buy an index fund. Now is not the time. Find a fund manager who can think on his own and invests in value stocks. If his cash position is currently large and he has a low turn-over, he is likely to know his stuff.</p>
<p>If you want to invest on your own, realize that you&#8217;re initially like a person who wants to treat his own appendicitis using kitchen utensils only.</p>
<p>If you learned everything you know about investing from a TV infomercial, you should probably stay away. Whenever you see currently lots of brokerage ads on TV, the general market is very likely peaking, whence these guys need to dump their high-priced stocks on chumps like you. Spend several years educating yourself! Start slowly.</p>
<p>Do not buy Google unless you know something about marketing and advertising  that the rest of the world does not!</p>
<p>After about 15 years of high savings, you should be able to retire and keep living a low-consumption life-style. At this point you will be a millionaire, driving a Honda Civic, and your meaning of existence will go way beyond shopping.</p>
<p><strong>10) Buying a house</strong></p>
<p>A house is a consumer object. It&#8217;s used/consumed, wears down and has to be replaced. People only get rich buying and selling houses during good times and they go bankrupt just as often when good times turn bad. Generally nobody can predetermine when good times become bad an vice versa.</p>
<p>A house is an expensive proposition, so do NOT speculate/gamble on the direction of the house price. In other words, do not take out a loan, hoping that house prices will go up. Historically, house prices rise with inflation (at 3-4% a year) and not the 15-20% we have seen during the past few years. In addition, historically what goes up must come down. Things revert to their normal. Otherwise there would be no normal.</p>
<p>Approach house buying as if you were investing for the long term. The NAV formula can be used. With the current numbers, if the house price is lower than 110 times the monthly rent for a similar house (look around), you should be buying the house. If the house price is higher than 110 monthly rents, you should be renting. Currently, the most financially sound strategy in the US is generally to rent.</p>
<p id="bte_opp"><small>Originally posted 2008-01-30 07:20:50. </small></p>]]></content:encoded>
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		<title>Tips from S on how to spend less eating out</title>
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		<pubDate>Fri, 04 Nov 2011 07:51:09 +0000</pubDate>
		<dc:creator>Jacob</dc:creator>
				<category><![CDATA[How to]]></category>
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		<description><![CDATA[I must admit I am hopeless to give advice on reducing the cost of eating out, because eating out to me means about as much as a book on string theory does to the next person. Fortunately, I got &#8220;saved&#8221; by S who has taken a year off to travel around US and Canada by [...]]]></description>
			<content:encoded><![CDATA[<div class="fblike" style="height:25px; height:25px; overflow:hidden;"><iframe src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fearlyretirementextreme.com%2Ftips-from-s-on-how-to-spend-less-eating-out.html&amp;layout=standard&amp;show_faces=false&amp;width=450&amp;action=like&amp;font=arial&amp;colorscheme=light" scrolling="no" frameborder="0" allow Transparency="true" style="border:none; overflow:hidden; width:450px;"></iframe></div><p><i>I must admit I am hopeless to give advice on reducing the cost of eating out, because eating out to me means about as much as a book on string theory does to the next person. Fortunately, I got &#8220;saved&#8221; by S who has taken a year off to travel around US and Canada by car staying with friends.</i></p>
<p><HR></p>
<p>I think it&#8217;s key to make it easier to eat in than out. This week we&#8217;re on a mountain in the middle of nowhere with a great kitchen, so we&#8217;ve eaten every meal here. We eat out an unfortunately large amount when not traveling too. There are a lot of restaurants within a 3 block area of my house. Here are some things I&#8217;m going to try:</p>
<p><OL><br />
<LI> Prepare and pack a meal before setting out to a new location. We have been stopping off at restaurants when traveling between stops.<br />
<LI> Plan meals in advance. This used to work really well for me but I got out of the habit. Basically, I picked out menus for 5 lunches and 5 dinners and made sure I had ingredients for them. I crossed them off the list as they were made. The motivation of &#8220;wasted ingredients&#8221; and the ease of the planning being done helped a lot to make sure that food got eaten.<br />
<LI> Carry something easy to prepare at all times. I&#8217;m thinking a can of veggie chili with a pull top or something similarly durable as an emergency meal in case the only other option is taco bell. I&#8217;m hoping that wouldn&#8217;t happen often. <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_razz.gif' alt=':-P' class='wp-smiley' /><br />
</OL></p>
<p>The other two sources of going out time are social (staying with friends or DH is bored). I really don&#8217;t want to be the killjoy that won&#8217;t go out, especially to folks that are housing us. One possible solution is to cook some meals for our hosts (we&#8217;ve done that a few times already). Even feeding two extra people usually ends up being cheaper than eating out depending on the meal. DH would probably be willing to stay home more if I implemented the meal plan idea.<br />
<HR></p>
<p><i>I suggested finding other activities such as walking, movie nights, or playing board games. It&#8217;s difficult though. Since I started eating only once a day it really becomes obvious how often &#8220;normal&#8221; people &#8220;need&#8221; to eat and how much of &#8220;normal&#8221; life revolves around eating. </i></p>
<p><i>In terms of meal planning, I never really planned anything. What I do make sure of, though, is the the output of each meal can serve well as the input of the next meal. That way I never really have to worry about leftovers. This also means we throw out very little.</i></p>
<p id="bte_opp"><small>Originally posted 2010-06-24 21:59:11. </small></p>]]></content:encoded>
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