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 burned a feed for the forums so you can subscribe via RSS (google reader et. al).
Lots of good info there.
They include topics I don’t normally cover on the blog, such as specific countries, which states are best for early retirement, careers, etc.
You don’t need to register an account to read the forums, but you do need to register an account to post.
The forums are also the best place to ask if you have a specific question—“I am NN years old and have $XXX,XXX dollars invested in X, Y, and Z, my plan is … what do you think?”—instead of sending it to me (I have an embarrassingly large back-log of e-mail messages. My email works much like a black hole).
Incidentally, it is also possible to subscribe to all the comments on the blog or even subscribe to the blog—quaint, I know.
Originally posted 2010-08-20 13:04:18.