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.
I was just wondering if any readers would have some suggestions on what kind of tackle/bait/lure I should get to catch lake/reservoir stripers (live bait is verboten!). Naturally, I prefer to spend most of my money on fishing passes rather than equipment. I got a 6.5′ fast action medium power rod and a spinning wheel with 10 pound test.
In case anyone is interested in how this was financed, I bought the rod with money I made on our last two yard sales. I tried getting one on freecycle and I even tried finidng a used one on craigslist, but with no success. Apparently people keep their fishing rods until they die. The wheel I got from my grandmother when I was 12, my parents finally sent it to me. The line was also from garage sale money and I have to use the $40 I got from selling my very much neglected Warhammer40K army to get a California fishing license. This means I can spend around $5-10 on tackle/bait/lures, which is about what I have left from the yard sales, so what do you recommend?
Permaculture articles!
