Consider the balance sheet of a typical investment bank. It looks like this All numbers in billions(*) to get a realistic scale. Total assets: $1000 Counter-party liabilities: $800 Debt: $150 Equity: $50 Total liabilities+Equity: $1000 The counter-party liabilities are promises that the bank has made to customers and other banks, etc. essentially money that the […]
Maximize your 401k early in the year
Compared to the IRA with its $5,000 limit, the 401k with its $15,500 limit possesses an unfair advantage. Everybody with a W-2 income can get an IRA, whereas not everybody is lucky enough to have access to a 401k with the higher limit. These tools are useful because they minimize taxable income. In this household […]
The value of work
Is work for it’s own sake valuable? I don’t think so. I see work more as means to an end rather than an end in itself. The more efficient the work is, the better. You don’t see me out in the yard doing “Keynesian work” of digging holes and filling them up again. Such work […]
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Most popular posts
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Manifesto
How I became financially independent in 5 years
How I live on $7,000 per year
Can I retire young? Why so few succeed
My list of financial freedom books
A startup curriculum for finance, economics, and investing
My 4 hour work week
How little do you need to retire? Cash flow diagrams for the poor, the middle class, and the investor class
Stranger in a strange land The minimalist kitchen Myths and the future
How to live out of a suitcase
21 day makeover
- Welcome to boot camp!
Here's some simple steps to get in shape to start the ERE journey. Day 1: Finding a place to live Day 2: Decluttering and managing stuff Day 3: Grocery shopping Day 4: Drop the cell phone plan Day 5: Find a free hobby Day 6: Clothes Day 7: Going car free Day 8: Get engaged! Day 9: Budgeting Day 10: Calculating net worth Day 11: Connecting your stuff with your neighbors Day 12: Establishing a savings account Day 13: Insurance Day 14: Investing for early retirement – Part 1 Day 15: The first two weeks of the make over Day 16: The stuff you actually keep and use Day 17: Maintaining and repairing things Day 18: Join a challenge Day 19: Getting rid of your TV (addiction) Day 20: Own classics Day 21: Investing for early retirement – Part 2
Post graduation work
- The journey never ends. Here's some inspiration for those who already internalized the ERE principles and want to advance and connect with likeminded people
Facing the future The skill ratchet The hypercompetence loop Resolving the Meta-Crisis With Emergent Movements and Post-Consumerist Praxis (Stoa2 talk) Emergent Renaissance Ecology subforum