If you're new here, this blog will give you the tools to become financially independent in 5 years on a median salary. The wiki page gives a good summary of the principles of the strategy. The key to success is to run your personal finances much like a business, thinking about assets and inventory and focusing on efficiency and value for money. Not just any business but a business that's flexible, agile, and adaptable. Conversely most consumers run their personal finances like an inflexible money-losing anti-business always in danger of losing their jobs.
Here's almost a thousand online journals from people, who are following the ERE strategy tailored to their particular situation (age, children, location, education, goals, ...). Increasing their savings from the usual 5-15% of their income to tens of thousands of dollars each year or typically 40-80% of their income, many accumulate six-figure net-worths within a few years.
Since everybody's situation is different (age, education, location, children, goals, ...) I suggest only spending a brief moment on this blog, which can be thought of as my personal journal, before looking for the crowd's wisdom for your particular situation in the forum journals.
If you enjoy the blog, also consider the book which is much better organized and more complete. You can read the first chapter for free, listen to the preamble, or see the reviews (1,2,3,4,5,6,7,8,9, A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,Z). Subscribe to the blog via email or RSS. Get updates on the facebook page, join the forums, and look for tactics on the ERE wiki. Here's a list of all the ERE blog posts.
Here’s a long list of introductions from ERE readers all around the world. The complete list given in the link.
Canada, Arizona, Finland, California, Portugal, Canada, Belgium, Minneapolis, California, California, California, California, North Dakota, Kansas, New Jersey, New York, Texas, Canada, Czech Republic, United Kingdom, Denmark, Massachusetts, Canada, Belgium, Australia, Japan, Iowa, Canada, New York, Maryland, United Kingdom, New Jersey, Illinois, Philadelphia, Missouri, California, Mississippi, Wisconsin, Michigan, Iowa
Here are the introductions according to age. It seems that most concentrate in the 25-30 range. This may simply be a result of being regular users of forums although it’s also the conventional target group of ERE—what makes it “extremely early”, not that it depends on age.
18, 26, 18?, 30, 41, 34, 32, 29, 27, 37, 25, 45, 28, 47, 26, 26, 26, 65, 39, 23, 44, 28, 48, 37, 26, 36
I also figured, I’d make a list by personality type, but I soon realized how uniform that would look. In terms of gender, the distribution is about even.
You should definitely check out the individual journals as well.
Don’t forget to mark your calendars for the
Berkeley Meetup scheduled for November 27th (the thanksgiving weekend). There’s also a potential
meetup in Seattle, WA — TBD.
Originally posted 2010-09-23 12:18:21.
