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’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’t even want to go there. Here’s the recipe.
- 1 cup flour
- 1 cup water
- 1 egg
- 1 teaspoon baking powder
Scale accordingly and mix together: whip eggs (until uniform), whip eggs together with water, then add the flour slowly while whipping. You don’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.
I generally prefer to make pancakes using butter rather than oil and I vastly prefer cast iron pans (link to what I’m using) over teflon pans for this kind of job.
Pour the batter on the hot pan and tip it to make the batter cover the surface. If it’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’t home). The “B-side” is done when you can move the pan cake easily around on the pan.

Originally posted 2010-07-07 19:09:25.