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.
The podcast covers and expands on a lot of what I talked about in the most recent post about peak oil, Kondratiev cycles, and generational turnings.
We cover how different generations see retirement. We talk about the breakdown and rebuilding of societies, and how the economy and generations are influenced by this. How systems thinking concepts are applied all this.
We then move onto the Pareto law and how expenses are best attacked from the top: housing, transportation, food, stuff.
We talk about specialization and the prevailing product mentality that has develop and rendered many without skills to handle simple things in their personal life.
Go check it out! (1:15 minutes).
PS: I am very grateful for post-production and Jack Spirko’s infinite patience. We had to redo the intro three times over. I had a total radio-freeze in the beginning.
