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.
For little over a year I have been blogging about the fast track to financial independence and the possibility of early retirement if one so desires. No matter what anyone says, there is a choice between “working and spending” and “living and doing”, and I wanted to make that fact well known. I do know for a fact that this blog has played a role in getting on track to be able to quit the rat race permanently within the next 5 years for at least a handful of people and this is the reason I keep writing.
So far I have been writing about what I know and what I personally find interesting when it comes to extremely early retirement thus leaving it to readers to pick and choose between what was useful and what wasn’t.
However, this is likely not the most efficient approach if I want to provide value and help people with their goals. Therefore I would like to know what kind of posts you would find most helpful towards extremely early retirement?
Here are some suggestions
- Theory, philosophy, and big picture posts (graphs and eqs.).
- Personal anecdotes, e.g. autobiographies.
- Rants, opinions, and inspirational posts.
- How-to posts (specifically on what subject?).
- Anything else?
I think there is already an abundance of information about paying off debts, how to save 15% in retirement accounts, clipping coupons, gaining interview and resume skills, where to shop for the best deals, etc. so I don’t intend to touch those.
But please let me know what you would like to see.
I would like to get 50+ comments on this post 🙂