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.
Cheap, fast, very filling, and filled with starch, cost <$1/person. This one is useful if you have surplus boiled potatoes from the day before. It takes a while to make though—it’s active cooking, not passive—so I don’t make it that often. It does taste really good though.
Ingredients:
- 2 pounds of potatoes
- 6-8 cylinders of mystery meat (hotdogs)
- paprika
- 1 large onion
- 1 cup of milk
- 1 small can of tomato paste
How to:
- Peel the potatoes and boil them.
- While they boil chop the onion and fry them golden brown in a large pot.
- While they fry, cut the hotdogs in slices and add them to the onions.
- While occasionally stirring the onions and hotdogs, cut the potatoes in finger thick slices.
- While still cutting the potatoes, add a table spoon of paprika to the pot along with the milk and the tomato paste. Stir.
- Add the potatoes and mix it all around. Done.
Overall success depends on the mushiness of the potatoes. Generally less is better. If you pressure cook them, don’t pre-slice them. Not that I did anything like that 🙂
Originally posted 2008-01-05 18:14:02.
