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.
After suggesting it yesterday evening, we decided to go sailing today.
Why not? There’s no worrying about crossover points, 401ks, or so-called passive income, or about how to be awesome or extreme or productive or whatever, or about resumes, how to kick ass, keep up, or how to tread water in quicksand and figure out how to be even more employed.
I will just be trying to gauge the direction of the wind and try to adjust the sails and tiller accordingly. I will probably be checking the time once or twice. If I check it twice, a few hours will have passed in between without me even noticing.
I feel my blood pressure dropping already. I almost feel like it’s not fair that I don’t have to wait to do this until I’m 59.5. I try not to worry about that too much though 😉
