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.
I usually post these on my facebook page whenever I see them, but I figured I’d share them here as well today.
Tom Hodgkinson wrote an article where I was prominently featured in The Ecologist. I’ll be working on a paper for his magazine for the rest of October. I also saw that someone has started a page—I believe they call them lenses—about ERE on squidoo. (If you’re on squidoo, please give it a thumbs-up.)
There is still no sign of my book on amazon.other-than-com. However, more and more info gets posted to the amazon.com page as servers get updated. I hope to get some reviews soon 😉 Also, the book has now appeared on the personal finance best seller list at #45. For comparison, Get Rich Slowly‘s book is at #2. I guess I have a long way to go before world domination 🙂
Finally, on an unrelated note, I recommend reading What do you need to get out of the rat race and achieve financial freedom @ Invest it wisely. Great article!
