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.
Background
We have been using a king sized sheet for a queen sized bed.
Problem
The sheet has torn in one the sides about 1.5 feet from the edge.
Solutions
- Buy a complete set of queen sized bed spreads on sale in a store.
- Watch for sales on online auctions.
- Buy them used (anyone with issues about using other people’s sheets, realize it’s really no different from sleeping in a hotel).
- Realize that by cutting 1.5 feet, including the tear, off and hemming the sheet will transform it into a queen sized sheet and thus solve two problems at once.
What makes this interesting
Solution #4 was the last thing I thought of, even after all these years and I’m supposed to be some kind of expert, still.
Permaculture articles!
