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.
In 2009 “TV” is scheduled to go “digital”. What this means is that the airwaves will no longer be analogue. It does not mean that everything switches to HDTV. It simply means that TVs with analogue tuners will no longer be able to receive broadcast signals which will be exclusively digital. If you have a cable or satellite box, this is not a problem and there is NO NEED TO GET A NEW TV. If you receive broadcast via an antenna, it will be a problem. You can either buy a digital tuner (cheap) or a new TV. Thanks to consumerism commentary for pointing that out. You can read more by clicking on the link.
Originally posted 2008-01-11 19:58:57.
Although we don’t actually watch any TV at all, so I don’t guess it matters much!
TV is such a time waster.
Permaculture articles!
