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.
As it turns out, our $25 blender can grind spices to a flour like powder on the ice crushing setting. I did not know that! Knowing that could have saved a lot of hours with the mortar and pestle, and it could also have saved the 15 bucks spent to get it a few years ago.
Now I’m wondering, what else don’t I know. Which other cooking utensils can do double duty?
- Almost all cutting jobs can be done with a serrated utility knife. This can cut directly into a plate eliminating the cutting board.
- A lid held just right replaces a colander.
- Glass jars with lids can double as drinking glasses as well as storage jars. They work in the microwave too. I used to buy mustard in whisky glasses. Along the same lines, olive glasses work well as spice jars. Just tape a label to the jar.
- Instead of normal spoon and a cooking spoon, go for the intermediate serving spoon which can be used for both as long as you got a big mouth.

Originally posted 2008-12-26 20:02:18.