Early Retirement Extreme

— a combination of simple living, anticonsumerism, DIY ethics, self-reliance, resilience, and applied capitalism

On minimizing depreciation expenses

Published in August 20th, 2012
Posted by in Finance, How to, Strategy
18 Comments

We don’t pay for our furniture. I haven’t paid for my watch. Also I haven’t paid for my HiFi system. If I was a little bit smarter, we wouldn’t be paying for our car either. On the other hand I have paid way too much for computers. That is not going to happen again. How […]

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A startup curriculum for finance, economics, and investing

Published in August 20th, 2012
Posted by in Finance, How to
29 Comments

A normal progression(*) of development in a field goes something like this Technician – who has the ability to put pre-chosen things together. Mechanic – who has the ability to decide which things to put together. Developer – who has the ability to put new things together. Many investment books written for non-experts read mostly […]

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Are budgets required or just a good idea?

Published in August 20th, 2012
Posted by in Finance, How to
44 Comments

I have a confession. I don’t have a budget. In fact I never had one. It is my opinion that a dedicated focus on decreasing expenditures at every point excludes the need for a budget. Here’s how I understand budgets. Budgets are a way of allocating income to different accounts e.g. the food-account, the rent/mortgage-account, […]

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