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.
Let me introduce the Early Retirement Extreme Wiki. There’s a link to it in the upper right corner of the blog.
While the blog does a fine job of presenting random ramblings about extreme early retirement and the book does a fine job of presenting the strategies and how to think about extreme early retirement, the specific tips, tricks, and tactics have previously been assumed to be more or less known already.
The forums have provided some assistance in gathering this, but often the same questions are reasked and reanswered every 6 months or so because it’s hard to dig through the forum archives(*).
(*) There are over 20,000 entries now!
Therefore having been “strong encouraged” to start a wiki to gather the encyclopedic for some time now, I finally caved in. I hope this was a good choice. I had a similar reluctance to starting the forums, but those turned out to be very successful and now have more posts each day than I can keep up with.
I hope the wiki will enjoy a similar success.
Follow the recent changes and additions here.
