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.
As it turns out, our $25 blender can grind spices to a flour like powder on the ice crushing setting. I did not know that! Knowing that could have saved a lot of hours with the mortar and pestle, and it could also have saved the 15 bucks spent to get it a few years ago.
Now I’m wondering, what else don’t I know. Which other cooking utensils can do double duty?
- Almost all cutting jobs can be done with a serrated utility knife. This can cut directly into a plate eliminating the cutting board.
- A lid held just right replaces a colander.
- Glass jars with lids can double as drinking glasses as well as storage jars. They work in the microwave too. I used to buy mustard in whisky glasses. Along the same lines, olive glasses work well as spice jars. Just tape a label to the jar.
- Instead of normal spoon and a cooking spoon, go for the intermediate serving spoon which can be used for both as long as you got a big mouth.
Originally posted 2008-12-26 20:02:18.