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.
Someone turned a garbage truck into a small apartment. While this looks nice and expensive in a involuntarily ironic kind of way much like a $7000 track bike turned commuter, check out the cabinets in the kitchen. Genius!
I have not made anything out of wood since that suspension bridge model in the 6th grade (always have to overdo it), but I actually think I could make something like that. If we buy that RV, that is. Currently it seems to be a competition between saving enough to buy the RV (I set a 6 month target) and finding an apartment that will take pets at approximately the same price level.
Originally posted 2008-07-23 17:58:28.
Permaculture articles!
