<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: The implications of financial freedom</title>
	<atom:link href="http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/feed" rel="self" type="application/rss+xml" />
	<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html</link>
	<description>--- a combination of simple living, anticonsumerism, DIY ethics, self-reliance, and applied capitalism</description>
	<lastBuildDate>Fri, 25 May 2012 19:02:53 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.2</generator>
	<item>
		<title>By: Controlling commuters by giving them control and other fun illusions &#124; Some interesting nonsense</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-22196</link>
		<dc:creator>Controlling commuters by giving them control and other fun illusions &#124; Some interesting nonsense</dc:creator>
		<pubDate>Sun, 15 May 2011 11:52:25 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-22196</guid>
		<description>[...] The implications of financial freedom is an interesting read, but my takeaway was the clear analogy on how freedom can work, contained in the first two paragraphs. [...]</description>
		<content:encoded><![CDATA[<p>[...] The implications of financial freedom is an interesting read, but my takeaway was the clear analogy on how freedom can work, contained in the first two paragraphs. [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jacob</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-21884</link>
		<dc:creator>Jacob</dc:creator>
		<pubDate>Mon, 18 Apr 2011 23:36:18 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-21884</guid>
		<description>@George - In order for a financially free person to receive money from his investments, someone has to be bound to provide this money.</description>
		<content:encoded><![CDATA[<p>@George &#8211; In order for a financially free person to receive money from his investments, someone has to be bound to provide this money.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: George</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-21878</link>
		<dc:creator>George</dc:creator>
		<pubDate>Mon, 18 Apr 2011 22:44:08 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-21878</guid>
		<description>Hi Jacob,

I don&#039;t get it. Why do say, &quot;There can only be a class of financially free people if there is another class of people who are financially bound?&quot;

I don&#039;t see how that follows from the shooting part.

By the way, I think the word you are looking for is striveded.

George</description>
		<content:encoded><![CDATA[<p>Hi Jacob,</p>
<p>I don&#8217;t get it. Why do say, &#8220;There can only be a class of financially free people if there is another class of people who are financially bound?&#8221;</p>
<p>I don&#8217;t see how that follows from the shooting part.</p>
<p>By the way, I think the word you are looking for is striveded.</p>
<p>George</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jen</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-21877</link>
		<dc:creator>Jen</dc:creator>
		<pubDate>Mon, 18 Apr 2011 21:16:44 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-21877</guid>
		<description>Of course things have changed since the 1950s, but not all for the worse.  Yes, you could argue that health care costs have gone up, but back in the 1950s it was cheaper because we died easier (and we didn&#039;t all take 50 prescription drugs either!).  

If we truly lived like the 1950s, no cell phones or cable, one car, homemade dinners, vacation at Grandma&#039;s house, 800 sq. ft. homes, most of us could do this and survive just fine.  We just don&#039;t find that kind of lifestyle acceptable anymore!  My mom was one of six kids in a middle class 1950s home and she never got new clothes or had toys, save maybe a doll.  She had to work in the family store for any spending money from age 10. I imagine if I raised a kid like this now it would be considered child abuse!</description>
		<content:encoded><![CDATA[<p>Of course things have changed since the 1950s, but not all for the worse.  Yes, you could argue that health care costs have gone up, but back in the 1950s it was cheaper because we died easier (and we didn&#8217;t all take 50 prescription drugs either!).  </p>
<p>If we truly lived like the 1950s, no cell phones or cable, one car, homemade dinners, vacation at Grandma&#8217;s house, 800 sq. ft. homes, most of us could do this and survive just fine.  We just don&#8217;t find that kind of lifestyle acceptable anymore!  My mom was one of six kids in a middle class 1950s home and she never got new clothes or had toys, save maybe a doll.  She had to work in the family store for any spending money from age 10. I imagine if I raised a kid like this now it would be considered child abuse!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jen</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-21876</link>
		<dc:creator>Jen</dc:creator>
		<pubDate>Mon, 18 Apr 2011 20:49:09 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-21876</guid>
		<description>I have thought the same thing when I clothe my kids for $1 an item from thrift shops and get most of our furniture from items people have left on the curb...if we didn&#039;t live in an incredibly wasteful society, our lifestyle wouldn&#039;t be possible!  

But until people realize this, we are having a good time!</description>
		<content:encoded><![CDATA[<p>I have thought the same thing when I clothe my kids for $1 an item from thrift shops and get most of our furniture from items people have left on the curb&#8230;if we didn&#8217;t live in an incredibly wasteful society, our lifestyle wouldn&#8217;t be possible!  </p>
<p>But until people realize this, we are having a good time!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kay O. Sweaver</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7382</link>
		<dc:creator>Kay O. Sweaver</dc:creator>
		<pubDate>Tue, 03 Nov 2009 21:35:33 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7382</guid>
		<description>Agreed, if a bit cynical. I&#039;d like to think more and more of us can be &quot;free.&quot;

And on the subject of living on $10,000. That&#039;s been kicked around over the past few years as a happiness threshold after which the law of diminishing returns kicks in.

http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=/data/opinion/2009/October/opinion_October41.xml&amp;section=opinion</description>
		<content:encoded><![CDATA[<p>Agreed, if a bit cynical. I&#8217;d like to think more and more of us can be &#8220;free.&#8221;</p>
<p>And on the subject of living on $10,000. That&#8217;s been kicked around over the past few years as a happiness threshold after which the law of diminishing returns kicks in.</p>
<p><a href="http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=/data/opinion/2009/October/opinion_October41.xml&#038;section=opinion" rel="nofollow">http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=/data/opinion/2009/October/opinion_October41.xml&#038;section=opinion</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: tlblack</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7168</link>
		<dc:creator>tlblack</dc:creator>
		<pubDate>Fri, 16 Oct 2009 06:00:42 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7168</guid>
		<description>Mouse, that&#039;s a really good point!  University learning is definitely respected in our society.  I&#039;m currently unemployed and am learning A LOT by researching topics on the internet and taking part in discussions on this blog, for example.  But I don&#039;t discuss it with the people around except my husband.  If I said, &quot;Oh, I&#039;m learning a few new skills and doing some research on a few topics online,&quot; People would look at me strangely.  If I were attending a University and following a course of study, people would not feel that way. And yet, I&#039;m at the point in my studies where this is the more valuable path for me.  Fascinating.  

But yeah, I love learning just for the sake of learning too.  And in the right university environment it&#039;s a lot of fun!</description>
		<content:encoded><![CDATA[<p>Mouse, that&#8217;s a really good point!  University learning is definitely respected in our society.  I&#8217;m currently unemployed and am learning A LOT by researching topics on the internet and taking part in discussions on this blog, for example.  But I don&#8217;t discuss it with the people around except my husband.  If I said, &#8220;Oh, I&#8217;m learning a few new skills and doing some research on a few topics online,&#8221; People would look at me strangely.  If I were attending a University and following a course of study, people would not feel that way. And yet, I&#8217;m at the point in my studies where this is the more valuable path for me.  Fascinating.  </p>
<p>But yeah, I love learning just for the sake of learning too.  And in the right university environment it&#8217;s a lot of fun!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: mouse</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7151</link>
		<dc:creator>mouse</dc:creator>
		<pubDate>Thu, 15 Oct 2009 13:39:58 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7151</guid>
		<description>Interesting discussion. I have been studying at university for years and years, and are still studying. It&#039;s sort of a hobby I guess. Though, very time consuming and challenging. Interestingly it has been something that some in the workplace see as legitimate. This means I have been able to take very very long periods of unpaid leave up till now because of the study to study. That time off has helped me last in the job to earn the money and so on and so on ! I don&#039;t think there will be a third time lucky though!</description>
		<content:encoded><![CDATA[<p>Interesting discussion. I have been studying at university for years and years, and are still studying. It&#8217;s sort of a hobby I guess. Though, very time consuming and challenging. Interestingly it has been something that some in the workplace see as legitimate. This means I have been able to take very very long periods of unpaid leave up till now because of the study to study. That time off has helped me last in the job to earn the money and so on and so on ! I don&#8217;t think there will be a third time lucky though!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jacob</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7150</link>
		<dc:creator>Jacob</dc:creator>
		<pubDate>Thu, 15 Oct 2009 12:02:06 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7150</guid>
		<description>@Van - I would rather say 90% or maybe 100% just wants to feel better, which is not necessarily the same as better health. For instance, I drink one cup of coffee each day. I think the only health benefit is a reduced incidence of kidney cancer, but it has many negative health impacts. However, it makes me feel better. Could the same thing not be said about employment? 90% does not want to be free? They would sell their freedom for material comfort or more specifically the ability to shop recreationally.</description>
		<content:encoded><![CDATA[<p>@Van &#8211; I would rather say 90% or maybe 100% just wants to feel better, which is not necessarily the same as better health. For instance, I drink one cup of coffee each day. I think the only health benefit is a reduced incidence of kidney cancer, but it has many negative health impacts. However, it makes me feel better. Could the same thing not be said about employment? 90% does not want to be free? They would sell their freedom for material comfort or more specifically the ability to shop recreationally.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Van</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7149</link>
		<dc:creator>Van</dc:creator>
		<pubDate>Thu, 15 Oct 2009 11:57:39 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7149</guid>
		<description>Knowledge used to be locked up in university classrooms - but no longer.  It spreads like bird flu with the internet.  One can catch it online, or if preferred, in the classroom.  How good of an infection depends more on self discipline and maturity, than on the transmission medium.

If someone can learn to live on less, that person can free their mind from some economic worries.  Less worry will translate directly to better health.  Who doesn&#039;t want to be healthier?  Apparently, over 90% out there.</description>
		<content:encoded><![CDATA[<p>Knowledge used to be locked up in university classrooms &#8211; but no longer.  It spreads like bird flu with the internet.  One can catch it online, or if preferred, in the classroom.  How good of an infection depends more on self discipline and maturity, than on the transmission medium.</p>
<p>If someone can learn to live on less, that person can free their mind from some economic worries.  Less worry will translate directly to better health.  Who doesn&#8217;t want to be healthier?  Apparently, over 90% out there.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Steve in W MA</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7142</link>
		<dc:creator>Steve in W MA</dc:creator>
		<pubDate>Thu, 15 Oct 2009 09:57:48 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7142</guid>
		<description>&quot;This is indeed an ownership society and if you don’t own your a$$, you can bet someone else does. &quot;

I would LOL, except it is true.</description>
		<content:encoded><![CDATA[<p>&#8220;This is indeed an ownership society and if you don’t own your a$$, you can bet someone else does. &#8221;</p>
<p>I would LOL, except it is true.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Steve in W MA</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7141</link>
		<dc:creator>Steve in W MA</dc:creator>
		<pubDate>Thu, 15 Oct 2009 09:55:49 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7141</guid>
		<description>Jacob, you are on a roll.

also, it&#039;s

&quot;I have striven for&quot;.

&quot;Strived&quot; would be used like this: &quot;I strived for&quot;.

But in your sentence you would use: &quot;I have striven for&quot;

I don&#039;t know the names for these verb tenses so that&#039;s the best I can do explanation-wise.</description>
		<content:encoded><![CDATA[<p>Jacob, you are on a roll.</p>
<p>also, it&#8217;s</p>
<p>&#8220;I have striven for&#8221;.</p>
<p>&#8220;Strived&#8221; would be used like this: &#8220;I strived for&#8221;.</p>
<p>But in your sentence you would use: &#8220;I have striven for&#8221;</p>
<p>I don&#8217;t know the names for these verb tenses so that&#8217;s the best I can do explanation-wise.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Steve</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7139</link>
		<dc:creator>Steve</dc:creator>
		<pubDate>Thu, 15 Oct 2009 05:14:40 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7139</guid>
		<description>@tlblack and Jacob - nice discussion. My original take on the post was that there is quite a bit that has been accepted as fact or way to live that is not so. That there the masses have been misled. I do not know when it started, but it has been passed on through the generations. Part of the explanation of why people cannot see or change their ways is because they believe that that&#039;s the only way to live, and it is &quot;comfortable&quot; to live that way even though there is &quot;imperceptible&quot; pain day in day out.
Regarding the education... I am of the view that whatever you learn, has an impact on the way you look at life, even if it appears to be unrelated. Thus, even if you are trained as an astrophysicist and you are given a an economic situation in which you may not have a clue, the way you will approach the problem and struggle with it and try to find a solution, will be instructed by your knowledge and experience. One may claim to have an analytical mind by birth, but I think experiences complement or at least enhance innate ability.
I did not get much out of school other than papers. I can count on one finger the number of time(s) I focused in school. However, I believed that I could &quot;excel&quot; at whatever I wanted to do. I still believe that and I think I have proof of that. I have pretty much done well with half-effort at whatever I wanted to do. I believe I have some natural ability and decent intelligence, but I cannot say that I would be the same or I could have done as well if I had not gone to school. For example, just being exposed to &quot;super-minds&quot; made me realize the potential of the human mind. All the writing in school made me develop some writing skills.
Without &quot;attacking&quot; Jacob, I believe that I could have obtained inspiration and knowledge from other sources if I had not run into your blog and read it... but I think that running into your blog, and reading a few things, has changed the way I look at life, and the way I think about life, money, assumptions, and a few other things. It may not be radical, but it is important enough for me to say... it would not be the same.
My $0.02 - very long!
Thanks.</description>
		<content:encoded><![CDATA[<p>@tlblack and Jacob &#8211; nice discussion. My original take on the post was that there is quite a bit that has been accepted as fact or way to live that is not so. That there the masses have been misled. I do not know when it started, but it has been passed on through the generations. Part of the explanation of why people cannot see or change their ways is because they believe that that&#8217;s the only way to live, and it is &#8220;comfortable&#8221; to live that way even though there is &#8220;imperceptible&#8221; pain day in day out.<br />
Regarding the education&#8230; I am of the view that whatever you learn, has an impact on the way you look at life, even if it appears to be unrelated. Thus, even if you are trained as an astrophysicist and you are given a an economic situation in which you may not have a clue, the way you will approach the problem and struggle with it and try to find a solution, will be instructed by your knowledge and experience. One may claim to have an analytical mind by birth, but I think experiences complement or at least enhance innate ability.<br />
I did not get much out of school other than papers. I can count on one finger the number of time(s) I focused in school. However, I believed that I could &#8220;excel&#8221; at whatever I wanted to do. I still believe that and I think I have proof of that. I have pretty much done well with half-effort at whatever I wanted to do. I believe I have some natural ability and decent intelligence, but I cannot say that I would be the same or I could have done as well if I had not gone to school. For example, just being exposed to &#8220;super-minds&#8221; made me realize the potential of the human mind. All the writing in school made me develop some writing skills.<br />
Without &#8220;attacking&#8221; Jacob, I believe that I could have obtained inspiration and knowledge from other sources if I had not run into your blog and read it&#8230; but I think that running into your blog, and reading a few things, has changed the way I look at life, and the way I think about life, money, assumptions, and a few other things. It may not be radical, but it is important enough for me to say&#8230; it would not be the same.<br />
My $0.02 &#8211; very long!<br />
Thanks.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: tlblack</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7138</link>
		<dc:creator>tlblack</dc:creator>
		<pubDate>Wed, 14 Oct 2009 19:47:29 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7138</guid>
		<description>Hmmmm. . . I think we gained different things through our educations.  I had a different purpose.  I&#039;ve always felt kind of &#039;different&#039; and my professors really encouraged me to go for it.  I didn&#039;t feel at all required to fit into a certain mold--I mean, there were a lot of people that were like what you describe.  There always are--but I was encouraged to go my own way.  I studied literature in &#039;developing&#039; countries, history and political philosophy--which I could have read on my own, but I had access to people who had been to those places, knew those cultures.  I like getting the human perspective of situations and it really helps to have contact with other humans when doing that :)

Also, on a grant, I got hooked up with an organization that helped me get contacts for a research project I did in a small African village--I lived out there on my own in a tent for some time and I learned a lot of extremely useful things: ranging from gathering wood and food in a desert climate to the ways in which people&#039;s notions of time differ depending on their context--ie: no electricity, no travel etc.  I suppose I could have done that on my own, but it was a fairly dangerous expedition even with contacts and support. 

I don&#039;t think I could have gotten that from martial arts or the football team. I agree though, college didn&#039;t make me smarter or more analytical, but it did open my mind to a whole new world of possibilities--it was a major shift.  Not that college is a major shift for everyone.  I will give you that.</description>
		<content:encoded><![CDATA[<p>Hmmmm. . . I think we gained different things through our educations.  I had a different purpose.  I&#8217;ve always felt kind of &#8216;different&#8217; and my professors really encouraged me to go for it.  I didn&#8217;t feel at all required to fit into a certain mold&#8211;I mean, there were a lot of people that were like what you describe.  There always are&#8211;but I was encouraged to go my own way.  I studied literature in &#8216;developing&#8217; countries, history and political philosophy&#8211;which I could have read on my own, but I had access to people who had been to those places, knew those cultures.  I like getting the human perspective of situations and it really helps to have contact with other humans when doing that <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Also, on a grant, I got hooked up with an organization that helped me get contacts for a research project I did in a small African village&#8211;I lived out there on my own in a tent for some time and I learned a lot of extremely useful things: ranging from gathering wood and food in a desert climate to the ways in which people&#8217;s notions of time differ depending on their context&#8211;ie: no electricity, no travel etc.  I suppose I could have done that on my own, but it was a fairly dangerous expedition even with contacts and support. </p>
<p>I don&#8217;t think I could have gotten that from martial arts or the football team. I agree though, college didn&#8217;t make me smarter or more analytical, but it did open my mind to a whole new world of possibilities&#8211;it was a major shift.  Not that college is a major shift for everyone.  I will give you that.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jacob</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7137</link>
		<dc:creator>Jacob</dc:creator>
		<pubDate>Wed, 14 Oct 2009 19:01:18 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7137</guid>
		<description>@tlblack - We have had similar comments [to yours] on other education posts. A few really enjoy their education. I enjoyed it too, but I do not think it changed me very much as a person. I know for a fact that I had an analytic mind before I went to the university---I naively used to believe that everybody had an analytic mind yet not everybody was equally good at using it. This is of course wrong. Many have other kinds of minds. The things that changed me as a person are the things I write about on this blog and I certainly did not learn about these at the university---I would almost guess that this would be quite impossible as universities these days seem to teach establishment goals rather than challenge them. I did do something difficult in terms of the selection of my major and the level I took it too. However, I think the same level of persistence can be developed on the college football team or by picking up a martial art and taking it to the black belt level.  
I think I did develop an appreciation for how little experts actually do know; most appear much more confident than they really are.</description>
		<content:encoded><![CDATA[<p>@tlblack &#8211; We have had similar comments [to yours] on other education posts. A few really enjoy their education. I enjoyed it too, but I do not think it changed me very much as a person. I know for a fact that I had an analytic mind before I went to the university&#8212;I naively used to believe that everybody had an analytic mind yet not everybody was equally good at using it. This is of course wrong. Many have other kinds of minds. The things that changed me as a person are the things I write about on this blog and I certainly did not learn about these at the university&#8212;I would almost guess that this would be quite impossible as universities these days seem to teach establishment goals rather than challenge them. I did do something difficult in terms of the selection of my major and the level I took it too. However, I think the same level of persistence can be developed on the college football team or by picking up a martial art and taking it to the black belt level.<br />
I think I did develop an appreciation for how little experts actually do know; most appear much more confident than they really are.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: George</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7136</link>
		<dc:creator>George</dc:creator>
		<pubDate>Wed, 14 Oct 2009 17:55:12 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7136</guid>
		<description>If you go to work for the government, a degree helps booster your entry-level income by a sizable amount.

For the feds, for instance, a BS/BA essentially guarantees a minimum starting wage of GS-5, a Masters at GS-7, and a PhD at GS-9.  If you don&#039;t have a degree, it&#039;s incredibly difficult to start above a GS-4.

In my brief federal employment, I started as GS-5 and exited as GS-11 after 4 years.  My mother, who never had a degree but was certainly smart and hard working, did not get above GS-4 after 20 years.  I actually started working for the feds at a salary higher than she retired on 3 years earlier.</description>
		<content:encoded><![CDATA[<p>If you go to work for the government, a degree helps booster your entry-level income by a sizable amount.</p>
<p>For the feds, for instance, a BS/BA essentially guarantees a minimum starting wage of GS-5, a Masters at GS-7, and a PhD at GS-9.  If you don&#8217;t have a degree, it&#8217;s incredibly difficult to start above a GS-4.</p>
<p>In my brief federal employment, I started as GS-5 and exited as GS-11 after 4 years.  My mother, who never had a degree but was certainly smart and hard working, did not get above GS-4 after 20 years.  I actually started working for the feds at a salary higher than she retired on 3 years earlier.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: tlblack</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7135</link>
		<dc:creator>tlblack</dc:creator>
		<pubDate>Wed, 14 Oct 2009 09:22:21 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7135</guid>
		<description>I&#039;ve been mulling this post over and reading over the commentary, and there&#039;s one more thing I just feel I have to say.

Jacob, you (and several others) mentioned the futility of getting a 4 (or more) year degree  if your objective is getting higher pay or landing in the middle class or whatever.  And the comment was made, if you want an education, just use the library.  

But I do think that my education is perhaps one of the most precious luxuries I&#039;ve permitted myself in my life, and that it was worth every penny. It can never be taken away, and it allowed me to become the free-thinker I am today.  

It kind of brings me back to the idea of mastering a new practical skill.  Yes, you can use the library and the internet to learn to do these tasks, but there&#039;s something really great about having a mentor.  University gave me mentors. I had several people who really watched over me, challenged me, inspired me and showed me things I just wouldn&#039;t have figured out on my own or even known to explore on my own.  And I&#039;m picky and rebellious.  I won&#039;t even sit through a class if I think I can learn it better alone.  

Also, not every university education has to cost you money.  My education technically cost around $120,000--but it was basically paid through grants, scholarships etc.  I took out $12,000 in loans for all 6 years(that included my costs for living expenses).  The interest was about 3% on that.  It&#039;s the only loan I&#039;ve ever taken in my life, but I think it was worth it.  I spent 6 years thinking, learning, being inspired and mentored.  I would not be the same person had I gone into welding and done the rest myself by library.    

Now, during those six years, I was not putting money away to retire and it took me 2 years to pay off my loans, but I still have plenty of time to benefit form all that knowledge.  I don&#039;t know, I think it was worth it.  

But I agree, not as a money-making strategy.  I have a friend that dropped out of high school and became a hair dresser who has earned many, many times what I have.  But that&#039;s ok with me.</description>
		<content:encoded><![CDATA[<p>I&#8217;ve been mulling this post over and reading over the commentary, and there&#8217;s one more thing I just feel I have to say.</p>
<p>Jacob, you (and several others) mentioned the futility of getting a 4 (or more) year degree  if your objective is getting higher pay or landing in the middle class or whatever.  And the comment was made, if you want an education, just use the library.  </p>
<p>But I do think that my education is perhaps one of the most precious luxuries I&#8217;ve permitted myself in my life, and that it was worth every penny. It can never be taken away, and it allowed me to become the free-thinker I am today.  </p>
<p>It kind of brings me back to the idea of mastering a new practical skill.  Yes, you can use the library and the internet to learn to do these tasks, but there&#8217;s something really great about having a mentor.  University gave me mentors. I had several people who really watched over me, challenged me, inspired me and showed me things I just wouldn&#8217;t have figured out on my own or even known to explore on my own.  And I&#8217;m picky and rebellious.  I won&#8217;t even sit through a class if I think I can learn it better alone.  </p>
<p>Also, not every university education has to cost you money.  My education technically cost around $120,000&#8211;but it was basically paid through grants, scholarships etc.  I took out $12,000 in loans for all 6 years(that included my costs for living expenses).  The interest was about 3% on that.  It&#8217;s the only loan I&#8217;ve ever taken in my life, but I think it was worth it.  I spent 6 years thinking, learning, being inspired and mentored.  I would not be the same person had I gone into welding and done the rest myself by library.    </p>
<p>Now, during those six years, I was not putting money away to retire and it took me 2 years to pay off my loans, but I still have plenty of time to benefit form all that knowledge.  I don&#8217;t know, I think it was worth it.  </p>
<p>But I agree, not as a money-making strategy.  I have a friend that dropped out of high school and became a hair dresser who has earned many, many times what I have.  But that&#8217;s ok with me.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Steve</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7132</link>
		<dc:creator>Steve</dc:creator>
		<pubDate>Wed, 14 Oct 2009 00:23:49 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7132</guid>
		<description>I don&#039;t think you should be worried about people choosing &quot;the road less travelled&quot; any time soon (if ever). The majority will always take the easy way out, especially if they are &quot;indocrinated&quot; that that&#039;s the right way to live/be.
Nice post! It is almost like taking a class on Philosophy, economics, life and personal finance in one brief session.
I will have to revisit some of the things you said later on.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t think you should be worried about people choosing &#8220;the road less travelled&#8221; any time soon (if ever). The majority will always take the easy way out, especially if they are &#8220;indocrinated&#8221; that that&#8217;s the right way to live/be.<br />
Nice post! It is almost like taking a class on Philosophy, economics, life and personal finance in one brief session.<br />
I will have to revisit some of the things you said later on.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Marcy</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7131</link>
		<dc:creator>Marcy</dc:creator>
		<pubDate>Wed, 14 Oct 2009 00:03:17 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7131</guid>
		<description>This is an excellent post.</description>
		<content:encoded><![CDATA[<p>This is an excellent post.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: HSpencer</title>
		<link>http://earlyretirementextreme.com/the-implications-of-financial-freedom.html/comment-page-1#comment-7130</link>
		<dc:creator>HSpencer</dc:creator>
		<pubDate>Tue, 13 Oct 2009 23:58:08 +0000</pubDate>
		<guid isPermaLink="false">http://earlyretirementextreme.com/?p=2234#comment-7130</guid>
		<description>@Kym--my appology for mispelling your name.
Not Kim, but Kym.
Sorry! :-)</description>
		<content:encoded><![CDATA[<p>@Kym&#8211;my appology for mispelling your name.<br />
Not Kim, but Kym.<br />
Sorry! <img src='http://earlyretirementextreme.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
]]></content:encoded>
	</item>
</channel>
</rss>

