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 burned a feed for the forums so you can subscribe via RSS (google reader et. al).
Lots of good info there. In the slightly less than one month, the forums have existed, they have grown to
- 228 topics
- 2405 posts (77 per day)
- 180 users
They include topics I don’t normally cover on the blog, such as specific countries, which states are best for early retirement, careers, etc.
You don’t need to register an account to read the forums, but you do need to register an account to post.
The forums are also the best place to ask if you have a specific question—”I am NN years old and have $XXX,XXX dollars invested in X, Y, and Z, my plan is … what do you think?”—instead of sending it to me (I have an embarrassingly large back-log of e-mail messages).
Incidentally, it is also possible to subscribe to all the comments on the blog or even subscribe to the blog—quaint, I know.

Originally posted 2010-08-20 13:04:18.