Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence
My high school required all students to take a home economics course, which involved cooking potatoes, sewing a shirt, and basic pantry keeping. What a lost opportunity! The world would be a better place if that curriculum were replaced with a semester-long study of this book. I wish my peers and I had been exposed to these ideas before we left for college and started making life-shaping economic decisions.
The book is densely packed with ideas and difficult to summarize. That sa...more
This was one of the first books I bought for the Kindle that really began to use the additional features that the machine offers. Specifically, the ability to cut and clip paragraphs that you find notable and the ability to make your own notes as you read were very useful as I worked my way through the text. For me, the most enjoyable thing about this book was that it offered quite a different take on the w...more
Be warned, it is a thinking mans(or womans) book. It will make you think and it will make you question the things that we all do in our day to day lives.
The last 1/4th outlines specific details on how to achieve rudimentary comfort on $7-10,000 per year per...more
The philosophy early on in the book was similar to mine. For instance, I think it makes no sense for houses in the suburbs to have postage stamp, individual lawns to take care of with the associated lawn equipment when it can be obviously more efficiently done by one person who is dedicated to taking care of all of the lawns.
As the book goes on, the author focuses...more
ERE is a philosophy book more than anything else. Fisker offers a way to get off of the 9-5 treadmill, mainly by radically cutting expenses and saving a high percentage of your income for a long enough time to get to the point where you have many multiples of your annual living expenses.
It is not a "recipe" personal finance book. Rather, he asks some very fundamental questions about the nature of work, advocating that people become "renaissance men"...more
1. Work for a while.
2. Learn how to be frugal and then learn how to be cheap--really, really cheap; e.g., put your clothes into a bucket with some soap and water and drive down a bumpy road (no kidding--that's one of his tips).
3. Self-publish a book and call it "Early Retirement Extreme" even though it has no blueprint for retiring early.
Here's a conden...more
I wish I read this when I was 21. Today, as an actual thirty-something retiree, I'm not sure how useful it is to me.
Jacob Lund Fisker is a guy who lives a kind of extreme lifestyle. He lives in a mobile home with his wife, spends less than $10,000 a year, foregoes appliances (like a washing machine) that many of us consider essential, and doesn't own a single thing he doesn't use at least twice a year. On the plus side, he retired at the age of 33. This wasn't an "I'll spend a year hiking the Pa
I thought the part about investing was truncated and hasty comparatively to the beginning of the book. Fisker talks about investing in very general terms and quickly ends up with the idea that you need enough asse...more
While there were many suggestions on how to live a frugal life in the second half of the book (which are nice to read but are not unique since there are tons of tips online on how to live frugally), it is the first half that would be an eye opener for most. This is the portion (es...more
All in all, a good read. I really liked how he went in...more
The age of retirement has been fixed at 60 by the world and there this dream that is sold of ol...more
This book is too often described as a personal finance book. It's not. This is a...more
This is book is not like any of the other "retire early in 10 easy steps" books...it is a full-blown life plan for making it happen, and not for those who aren't willing or able to take massive action to change their current consumerist habits.
I've read a ton of blogs and books on financial management and investment, but this one has a very counter-intuitive and yes - EXTREME - approach to retirement that can be achieved relatively quickly. The overall thesis is that by saving a majority of one...more
The action or fact of leaving one's job and ceasing to work.
The period of one's life after leaving one's job and ceasing to work.
This book gives no advice on how to "cease work." In fact it has lots of strategies on how to work much harder at living a better life, bu...more
A neutron star theorist achieved financial independence, retired in his early 30s and wrote this book. It documents his thoughts on consumerism, frugal lifestyle, financial independence, money, structure of modern society and life in general.
His anti-consumerism descriptions might be accurate to some extend, but it definitely does not apply to all. I believe some parts of the salary-consuming system have a positive side. For example, I would believe that some salaried jobs stretch peopl...more
The author talks about becoming a "Renaissance Man", and not paying experts to do things for you all the time. If you can't fix it yourself - ask yourself if it's really worth owning.
The author makes it a point in this book to talk about recycling, re-using, and sustainability. Many times...more
I run a blog about personal finance and have published one book about the same topic.
I'm currently working on an investment book, a beginner's book on financial independence, and a book on ethics.
I've also written a chapter in a book about peak oil, some creative stories for an ezine, and about 30 papers in academic journals mostly concern...more