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.
I always smile when I hear about the backbreaking labor of using clotheslines to dry clothes instead of the backbreaking labor required to buy and maintain a clothes dryer.
When I hang a load of wet clothes out to dry I bend my back exactly three times; because I’m smart, you know 😉
Instead of transferring all the clothes to the hamper and bending down each time to get a new piece of clothes, I fish the clothes up and put them on my shoulder if it’s a shirt or a pair of pants or in my hand if its a small item. I do either one or the other on a trip. Then I walk out to the clothesline and simply transfer it from my shoulder or hand to the line. This happens at the speed of a slow walk.
I don’t use clothes pegs. It’s not very windy around here, so I merely hang the clothes. If I hang it right, it will have few wrinkles too. Another advantage of not using clothes pegs is that once the clothes are dry, a slight puff of wind will blow some of them to the ground. That way I know they’re dry without having to walk over and check (I can see the line from my bedroom window).
Originally posted 2009-09-09 10:03:16.