Early Retirement Extreme: a combination of simple living, anticonsumerism, DIY ethics, self-relian

Time 2021-04-26 19:07:11

Web Name: Early Retirement Extreme: a combination of simple living, anticonsumerism, DIY ethics, self-relian

WebSite: http://earlyretirementextreme.com

ID:172457

Keywords:

simple,of,anticonsumerism,

Description:

a combination of simple living, anticonsumerism, DIY ethics, self-reliance, resilience, and applied capitalismIf you're new here, this blog will give you the tools to become financially independent in 5 years. 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 on losing their jobs to the next wave of downsizing.Here's more than a hundred 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 delving into the forum journals and looking for the crowd's wisdom for your particular situation.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.One of my early writings on How I became financially independent in 5 years got stumbled upon a couple of days agoshortly after I started blogging and I got my 15 minutes of fame. Well, actually a few days of fame. I am fairly sure that the story above has now been read by far more people in two days than my total scientific output has been read throughout my entire career.So what s the idea behind stumbled upon and similar sites? The problem facing net surfers is that the internet has acquired a dynamic component from blogging, news reporting, etc. Since search engines are designed to index the static parts of the web, they are no longer the best tool to find the most interesting content. Instead websites are aggregated on the fly into lists which we can call new . Users then vote on the new list which creates a second list called popular . Many users only read the shorter popular list and vote on that thus further boosting the numbers. Thus if something makes it onto the popular list, it can quickly become very popular as an avalanche starts. Of course it all comes down to the original first snow ball. It s like asking the question: Why is Paris Hilton famous? What is she famous for? She s famous for being famous.I suppose much of this post is only interesting to other bloggers because it s all about traffic, eye-balls, SEO, etc. However, there is an important observation regarding the rest of society here. If popular acceptance is determined by a single trigger (at the time where something was not popular) what does that mean? It is similar to the origin of weather systems. Here the wings of a butterfly can theoretically trigger a process that eventually develops into a storm. Of course there are lots of butterflies that bask their wings all the time and don t trigger storms. However, if we mainly look at storms, we might miss most of the butterflies. I enjoy scouting out butterflies and I have found a lot of wisdom in smaller blogs and forgotten posts merely by trawling the web. Maybe I m old school that way? But I find the same structural dynamics when it comes to investing. A lot of thinking is based on what is popular. Ever wonder why so many people seem to get the same idea at approximately the same time and proceed to go ahead and do the same thing? Is this due to pundits? Or is it due to thinking the same way about the same information? In either case, this leads to momentum plays and eventual bubbles which in the market can generate huge money (as long as you are in front of the crowd). It can also lead to large losses (if you find yourself behind the crowd).Try reading the new list rather than the popular list even though it is more work. You never know which gem might turn up

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