If you're new here, this blog will give you the tools to become financially independent in 5 years on a median salary. The wiki page gives a good summary of the principles of the strategy. The key to success is to run your personal finances much like a business, thinking about assets and inventory and focusing on efficiency and value for money. Not just any business but a business that's flexible, agile, and adaptable. Conversely most consumers run their personal finances like an inflexible money-losing anti-business always in danger of losing their jobs.
Here's almost a thousand online journals from people, who are following the ERE strategy tailored to their particular situation (age, children, location, education, goals, ...). Increasing their savings from the usual 5-15% of their income to tens of thousands of dollars each year or typically 40-80% of their income, many accumulate six-figure net-worths within a few years.
Since everybody's situation is different (age, education, location, children, goals, ...) I suggest only spending a brief moment on this blog, which can be thought of as my personal journal, before looking for the crowd's wisdom for your particular situation in the forum journals.
If you enjoy the blog, also consider the book which is much better organized and more complete. You can read the first chapter for free, listen to the preamble, or see the reviews (1,2,3,4,5,6,7,8,9, A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,Z). Subscribe to the blog via email or RSS. Get updates on the facebook page, join the forums, and look for tactics on the ERE wiki. Here's a list of all the ERE blog posts.
I’m off to another training session for my new job. I’m fairly excited about it because it’s a job that gives an immediate feeling of accomplishment and because of the time-control it offers. Now I discovered that it also offers significant control over our taxes. Woohoo!
In other news, check out this new supposedly green dream home. It’s green so it must be good for the environment, right? Wrong! I could write an essay to explain why this is another sign that some people just won’t ever get it, but seeing that I’m busy, I leave this as an exercise for the reader (I did learn something about life from reading textbooks! 😀 ).
Friendly reminder: Due to increased workload future weekend posts will be irregular or nonexistent.
This week I only participated in a couple of carnivals.
