tag:blogger.com,1999:blog-1927652976660901418.post5162236256515697668..comments2023-09-16T07:40:01.698-07:00Comments on In The Trenches - Budgeting for Financial Survival and Recovery: Early Retirement Extreme - The BookCarol Schultzhttp://www.blogger.com/profile/02277120447454788570noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1927652976660901418.post-2222569832752196752012-07-25T00:41:09.480-07:002012-07-25T00:41:09.480-07:00Enjoying life while living frugally to save up unt...Enjoying life while living frugally to save up until you're in your retirement years is highly possible. A short term sacrifice for a happy retirement may not seem like an ideal situation for some but they have to understand that in the later part of their life, not this economy, nor their 401k or social security can save them.<br /><br /><a href="http://howtoretireplan.com" rel="nofollow">Visit our website</a> for more information on real estate and investment.Charles Bromleyhttps://www.blogger.com/profile/04273960093706296951noreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-36124063726753886252010-10-02T15:44:48.952-07:002010-10-02T15:44:48.952-07:00Oops Jacob, I didn't think you would read that...Oops Jacob, I didn't think you would read that. :)Carolnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-39374339043990232242010-10-02T13:22:38.624-07:002010-10-02T13:22:38.624-07:00@Olivia - After messing around with some complicat...@Olivia - After messing around with some complicated investments, the methods I prefer today are actually fairly pedestrian: Higher yielding blue chips. Doing it on your own takes 15 minutes per year. If you don't want to mess with the details, ETFs exist.<br /><br />I agree that the capacity for analyzing/spotting opportunities may be inherent. Yet I think there's room to grow for most people. <br /><br />Changing one's mindset from consuming to creating is a big factor. I'm no minimalist in that regard. I consume little, but my tool collection for making stuff is ever expanding. If you're not already aware of DIY culture and DIY ethics, you'll find that it's largely populated by artists. I think artists can benefit hugely by saving enough money to create their own foundation to sponsor them so to speak. All the time in the world. <br /><br />@Carol - I'm not really ready to be the leader of a movement. I'd prefer the movement to be distributed rather than centralized. If people can take my stuff and make it their own, that would be great.Early Retirement Extremehttp://earlyretirementextreme.comnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-75927782902719364932010-10-02T08:10:01.445-07:002010-10-02T08:10:01.445-07:00Olivia, :). I'm glad you took the time to chec...Olivia, :). I'm glad you took the time to check out the site and now see why I generally list Jacob as being in a class by himself. I agree that the point is not so much in "a program" as it is in taking a fresh view of what we are doing and customizing our lives to best suit our own gifts, strengths, and talents. It is the difference between buying an off the rack dress compared to a designer original.<br /><br />More than once I have read Jacob's posts and mentally chewed on it for up to a week before coming to a conclusion. And, just when your mind seems to be stretched he gives a recipe for pancakes. :)<br /><br />I do believe that his work could become "a movement". Jacob, are you ready?Carolnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-13014162481992302452010-10-02T04:20:32.110-07:002010-10-02T04:20:32.110-07:00I followed your link to ERE and was overwhelmed by...I followed your link to ERE and was overwhelmed by the mindset. It really is different. What comes across at first blush is Jacob is brilliant and his method for analyzing opportuities and investing is beyond my ken. <br /><br />Interacting with the philosophy prompts this line of thinking. The methods a person chooses to reach their goals depend on individual resources (intelligence, physical strength and agility, geography, time, abilities) and what is important to them during the journey. Some of these resources can be expanded, learning new skills, increasing body health, changing locales. But what necessities you put in your "suitcases" colors everything.<br /><br />I come from a family of artists, where living a sensorally spartan life wouldn't be worth it. Combining beauty with utility is a more viable approach. For us the goals and journey are less separate. Artists create and interact their entire lives. This involves having stuff.<br /><br />The common thread between the two lines is to live thoughtfully. Something Jacob masterfully lays out. He calls it synergy. My dad answered a question about his sculpting method and it suits this approach, "you chip away everything that isn't an elephant".Oliviahttp://frugalbohemian.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-84823836212697137522010-10-01T12:41:35.537-07:002010-10-01T12:41:35.537-07:00Wow, so the book is actually out now? That is so c...Wow, so the book is actually out now? That is so cool. One should definitely keep one's mind open to the alternatives, as the default, high expense path is not the only path available through life.Invest It Wiselyhttp://www.investitwisely.comnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-46333606906090629852010-10-01T09:58:04.112-07:002010-10-01T09:58:04.112-07:00Jacob has written more detail on the format of the...Jacob has written more detail on the format of the book that will provide all the tools for you to make your own early retirement plans. http://earlyretirementextreme.com/more-about-the-book.htmlCarolnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-35233048790290434632010-10-01T08:55:50.880-07:002010-10-01T08:55:50.880-07:00Thanks Jacob! Now doesn't that spike your int...Thanks Jacob! Now doesn't that spike your interest? To live on half of a minimum wage job? And retire in 15 years?Carolnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-62931365331885998852010-10-01T08:41:05.789-07:002010-10-01T08:41:05.789-07:00The main part of the strategy is simply how to fig...The main part of the strategy is simply how to figure out how to live well and spend very little money doing so. By very little money, I mean something like half of a minimum wage job. Although a minimum wage like income will make early retirement take something like 15 years instead of 5, it is possible.<br /><br />I should mention that the book is not focusing on frugality techniques but more on frugality principles. This means an emphasis on putting the techniques together to achieve more synergy rather than applying them more strongly.<br /><br />I should also mention that it would probably be hard to apply anything from the book as a temporary measure. Most of it is aimed at changing the way one thinks about spending, saving, and living.Early Retirement Extremehttp://earlyretirementextreme.comnoreply@blogger.com