Comments on: Passion http://earlyretirementextreme.com/passion.html --- a combination of simple living, anticonsumerism, DIY ethics, self-reliance, and applied capitalism Fri, 25 May 2012 19:02:53 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: jc http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14576 jc Tue, 10 Aug 2010 19:13:34 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14576 I have three pair of Allen Edmonds shoes. (my expereince is shoes last a lot longer if you can give them a break between wearings.) Two I bought in the early 80s and each has been thru the refurbishment program 15-20 years ago. I have been very well pleased. the 3rd pair I bought about 10-12 years ago. they needed to be refurbished after only 4 years or so (agian with only part time wearings) They now sit in my closet with a hole in the sole and split leather on the side while I try to decide what to do with them. not so pleased with this pair and my sense is Allen Edmonds shoes and their refurbishment program ain't what it used to be. I have three pair of Allen Edmonds shoes. (my expereince is shoes last a lot longer if you can give them a break between wearings.)

Two I bought in the early 80s and each has been thru the refurbishment program 15-20 years ago.

I have been very well pleased.

the 3rd pair I bought about 10-12 years ago. they needed to be refurbished after only 4 years or so (agian with only part time wearings)

They now sit in my closet with a hole in the sole and split leather on the side while I try to decide what to do with them.

not so pleased with this pair and my sense is Allen Edmonds shoes and their refurbishment program ain’t what it used to be.

]]> By: Rowan http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14563 Rowan Tue, 10 Aug 2010 14:26:47 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14563 Hi Jacob, I bought a pair if frye engineer boots eight years ago when I had a motorcycle. This is one brand that doesn't go on sale. They have survived the road, Colorado winters and still look as great as the day I bought them (ok they have duct tape on them but it is inside and keeps the seams from snagging my nylons). I clean them with saddle soap and treat them with mink oil. I still wear them at least twice a week. I know the company makes some more fashionable boots with heels and such but the engineer boot suits my style quite well. Hi Jacob,
I bought a pair if frye engineer boots eight years ago when I had a motorcycle. This is one brand that doesn’t go on sale. They have survived the road, Colorado winters and still look as great as the day I bought them (ok they have duct tape on them but it is inside and keeps the seams from snagging my nylons). I clean them with saddle soap and treat them with mink oil. I still wear them at least twice a week. I know the company makes some more fashionable boots with heels and such but the engineer boot suits my style quite well.

]]> By: robin http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14556 robin Tue, 10 Aug 2010 10:01:19 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14556 It looks to me as if senryo just solicited to become a proofreader for this site!? ;-) It looks to me as if senryo just solicited to become a proofreader for this site!? ;-)

]]> By: senryo http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14543 senryo Tue, 10 Aug 2010 02:54:47 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14543 I think you accidentally swapped the income generating assets and the regular expenses in the formula above, which may have lead to the confusion. This is an excellent site with unique and useful content, but you really, really need a dedicated proofreader. Your writing is littered with minor typos and grammatical mistakes. I think you accidentally swapped the income generating assets and the regular expenses in the formula above, which may have lead to the confusion. This is an excellent site with unique and useful content, but you really, really need a dedicated proofreader. Your writing is littered with minor typos and grammatical mistakes.

]]> By: Sunlight http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14542 Sunlight Tue, 10 Aug 2010 02:39:40 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14542 Even if ERE is not your main passion, you can still benefit greatly from the concept and a new outlook on your money. I almost re-enrolled my 3 year old in pre-school even though I am home and can teach her myself...by telling myself that it was 'only' $25 a day, but then I remembered that it was actually more due to paying with after tax $, gas, time traveling, gifts for teachers/aides etc. Since you all are my only ERE/FI 'friends' I want to share that I found school uniforms for all 3 school age kids and 2 pair of jeans (high end) for myself from Goodwill for about $30 where in years passed I would have spent $200 retail b/c I could and didn't know better. I couldn't believe it was actually possible: ) Even if ERE is not your main passion, you can still benefit greatly from the concept and a new outlook on your money. I almost re-enrolled my 3 year old in pre-school even though I am home and can teach her myself…by telling myself that it was ‘only’ $25 a day, but then I remembered that it was actually more due to paying with after tax $, gas, time traveling, gifts for teachers/aides etc.

Since you all are my only ERE/FI ‘friends’ I want to share that I found school uniforms for all 3 school age kids and 2 pair of jeans (high end) for myself from Goodwill for about $30 where in years passed I would have spent $200 retail b/c I could and didn’t know better. I couldn’t believe it was actually possible: )

]]> By: ERE User http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14541 ERE User Tue, 10 Aug 2010 01:32:15 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14541 I have been wearing just 1 slack of pants for over a year at my job now. I dry clean this every week for $1.25. Frugal? I have been wearing just 1 slack of pants for over a year at my job now. I dry clean this every week for $1.25. Frugal?

]]> By: mobile condo http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14539 mobile condo Mon, 09 Aug 2010 22:13:29 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14539 It is really difficult to find clothes and shoes for women that are durable. Maybe it's because we tend to be more susceptible to the temptations of seasonal fashion trends or because we're encouraged to look more delicate in general. It is really difficult to find clothes and shoes for women that are durable. Maybe it’s because we tend to be more susceptible to the temptations of seasonal fashion trends or because we’re encouraged to look more delicate in general.

]]> By: George (the original one ;-) http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14535 George (the original one ;-) Mon, 09 Aug 2010 20:51:39 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14535 @veganprimate - It should be noted that "survived 30 years" really means "survived 30 years with a _very_ high probability of success"; less money, like 20x, (representing a 5% withdrawl rate) will have a good probability of success... I think it's in the 90% range. @veganprimate – It should be noted that “survived 30 years” really means “survived 30 years with a _very_ high probability of success”; less money, like 20x, (representing a 5% withdrawl rate) will have a good probability of success… I think it’s in the 90% range.

]]> By: Robert Muir http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14533 Robert Muir Mon, 09 Aug 2010 20:32:30 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14533 An example vp: If your annual expenses are $12,000. 25 * 12,000 = $300,000. $300,000 * .04 = $12,000 If you only count on a withdrawal rate of .03, then 1/.03 = multiplier of 33.33 33.33 * 12,000 = ~$400,000 An example vp:

If your annual expenses are $12,000.

25 * 12,000 = $300,000.
$300,000 * .04 = $12,000

If you only count on a withdrawal rate of .03, then 1/.03 = multiplier of 33.33

33.33 * 12,000 = ~$400,000

]]> By: Jacob http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14531 Jacob Mon, 09 Aug 2010 20:00:27 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14531 @veganprimate - The 25x rule is based on the safe withdrawal number of 4% of the portfolio each year which historically has lasted 30 years if invested in the US market. Withdrawing 3% would have lasted "forever". To withdraw X each each, then x = 0.04 * portfolio, thus portfolio = X/0.04 = 25*x. This is a repost. Passion is still the best way I know to get things done. It has its risks though. I haven't burned out on the FI/ERE though (yet). @veganprimate – The 25x rule is based on the safe withdrawal number of 4% of the portfolio each year which historically has lasted 30 years if invested in the US market. Withdrawing 3% would have lasted “forever”. To withdraw X each each, then x = 0.04 * portfolio, thus portfolio = X/0.04 = 25*x.

This is a repost. Passion is still the best way I know to get things done. It has its risks though. I haven’t burned out on the FI/ERE though (yet).

]]> By: veganprimate http://earlyretirementextreme.com/passion.html/comment-page-1#comment-14530 veganprimate Mon, 09 Aug 2010 19:48:19 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-14530 Didn't you have a post about passion being a bad thing in the work world? It leads to burnout, I think you said. Also, I know you've mentioned it before, but I still am not sure I understand this idea of multiplying by 25. Maybe you or one of your readers who understands it can explain it in a slightly different way that might make sense to my pea brain? Didn’t you have a post about passion being a bad thing in the work world? It leads to burnout, I think you said.

Also, I know you’ve mentioned it before, but I still am not sure I understand this idea of multiplying by 25. Maybe you or one of your readers who understands it can explain it in a slightly different way that might make sense to my pea brain?

]]> By: Jacob http://earlyretirementextreme.com/passion.html/comment-page-1#comment-15 Jacob Mon, 17 Dec 2007 21:42:00 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-15 I don't know about Allen Edmonds refurbishment program, but Church's is very expensive. I prefer cobblers even though that usually "voids the warranty". A good cobbler is worth a lot. Many cobblers work like mechanics and just repair the shoes good enough to make you come back in a year. Some don't though. I don’t know about Allen Edmonds refurbishment program, but Church’s is very expensive. I prefer cobblers even though that usually “voids the warranty”. A good cobbler is worth a lot. Many cobblers work like mechanics and just repair the shoes good enough to make you come back in a year. Some don’t though.

]]> By: Kevin http://earlyretirementextreme.com/passion.html/comment-page-1#comment-13 Kevin Sun, 16 Dec 2007 20:31:00 +0000 http://earlyretirementextreme.com/2007/12/passion.html#comment-13 Thanks for the references for durable shoes. I need some business-casual shoes for work and Allen Edmonds look great. They're expensive yet look like a good value due to their durability. I really like that they can be refurbished too. Thanks for the references for durable shoes. I need some business-casual shoes for work and Allen Edmonds look great. They’re expensive yet look like a good value due to their durability. I really like that they can be refurbished too.

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