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.
First, the new site for Early Retirement Extreme is
http://www.earlyretirementextreme.com/
Please update your bookmarks and RSS feeds if you need to. I hope I don’t lose anyone in the transition!
Second, I would like to thank my readers for the positive comments. Knowing that some my blog entries are appreciated is very encouraging and makes me want to keep on writing. I figure if I can inspire just one person to do what I did, it will have been worthwhile. Of course, if I can inspire two persons, who in turn inspires two others, we will have a chain reaction. Regardless, it will be very interesting to see what eventually obtains from these writings.
I began this blog a whole 3 weeks ago with the goal of filling a niche of personal finance. Whereas there is much focus on getting out of debt (in N easy steps) or becoming rich (preferably quick), there is less focus on quitting the rat race, adapting to simpler lifestyles, and letting your money work for you. Since there are a few of us out here for whom the latter makes eminent sense, I will continue writing on alternative ways of thinking about money, how to “produce” a solution rather than “consume” it (i.e. buy it), and various tips and tricks that save money and time.
Hopefully, I will finish setting up this new site soon so we can get back to the regular schedule.
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