If you're new here, this blog will give you the tools to become financially independent in 5 years. Here's how I did it and here's a few dozen online journals from other people who are currently doing it. This is not some stupid get rich quick scheme. The method is robust and replicable (no need to win the lottery, sell your business, or win at real estate), but not easy; much in the same way that a diet results in weight loss but is hard to follow persistently unless you set your mind to it.
The key is to save 75%+ of your net income and invest it in income producing assets (bonds and dividend stocks). This is done by running your personal finances much like a business, thinking about assets and inventory and focusing on efficiency and value for money. See this post on how to enjoy a middle class lifestyle on $7,000/year (Please read it, especially the part about the lentils!). There is a "21 day" step-by-step plan for how to get beyond 75% in the left side bar. Also, check out my answers to Frequently Asked Questions which also covers common misconceptions regarding my personal budget, blog income, retirement, marriage, children, health care, etc. I also suggest reading About ERE in the top menu bar.
As my writing has divergeddeveloped I have come to the conclusion that the categories I use to classify my posts no longer cover my subjects very well. Also there are too many categories with some being used only rarely (sub-prime anyone). If anyone, perhaps someone with some experience in library-science or whatever it is called, has some suggestions on how to reduce this to maybe 10 (no more than 15) categories and the associated names, it would be greatly appreciated.
Comment below.
PS: A big congratulations to US tax payers for investing your tax money in Fannie and Freddie Mae. I hope you did your due diligence?
Permaculture articles!
