This guest post was written by Robert Wringham, the editor of New Escapologist magazine. New Escapologist is a magazine for white-collar functionaries with escape on the brain. The last time I wrote a guest post for ERE was to tell the story of my escape from employment through the various frugal and entrepreneurial habits I [...]Note: I wrote this post in 2008, but I think it is equally valid in 2010. Back then I was yet to retire. Now having retired, I have solved some of the problems I discuss below such as what to do and who to do it with. In many ways I consider the problem of [...]In investing, variance—the fluctuation of price—and risk of ruin—I like to think of this as “unknowns”—are often confused with each other, that is risk is considered to be equivalent to the variance (standard deviation squared). More details here. This is done because it’s the easy thing to do mathematically and write academic papers about it. [...]Most people have been told what to think and what to think about, Most people have been rewarded by focusing on what they have been told to focus on. Most people, therefore, are not curious. Most people are told what to do and get rewarded accordingly Most people follow procedures and tradition. Most people, therefore, [...]…perhaps, being inspired by Bill Clinton, depends on what the definition of definition is The name of this blog is Early Retirement Extreme, but the question comes up again and again—at least often enough—whether I (or we) are really genuinely retired? According to the dictionary, being retired means having withdrawn from one’s professional occupation, which [...]Financial planners generally agree that a 4 percent retirement withdrawal rate (a study has been done!) is safe for the long-term as it takes into account inflation, economic growth, and so on. This means that you need 25 times (1.00/0.04 = 25) your annual expenditures invested in income generating assets such as stocks, bonds, CDs, [...]I’m currently reading Thoughts of a Philosophical Fighter Pilot by Jim Stockdale (again). I’m not quite finished yet, but the book is chocked full of wisdom that is applicable to [my] life once the translation between military life and civilian life is made. In his essay on “climbing the pyramids of naval aviation” he emphasizes [...]
Find out why the CSRS Voluntary Contributions plan is the best kept secret in CSRS!If you became disabled while performing your Federal job, you may be eligible for a Civil Service Disability Retirement. Here’s a long list of introductions from ERE readers all around the world. The complete list given in the link. Canada, Arizona, Finland, California, Portugal, Canada, Belgium, Minneapolis, California, California, California, California, North Dakota, Kansas, New Jersey, New York, Texas, Canada, Czech Republic, United Kingdom, Denmark, Massachusetts, Canada, Belgium, Australia, Japan, Iowa, Canada, New York, [...]In trying to change people’s behavior when it comes to personal finance, I have come to believe that it is not so much for the lack of “great posts” or wonderful insights as much as it is a question about the right person reading the right post at the right moment in time. In exobiology [...]Step one: Figure out what you need When I was single, I eventually figured out exactly what I needed (see my minimalist kitchen post for details) to cook my food). Since getting married it is clear that those needs have changed. Without an inventory analysis (*) it is impossible to know what needed and what [...]September has been a really busy month. We have been proofing the book for the final time; the cover has been updated; and I just ordered another proof copy about 5 minutes ago. Hopefully, the publishing process will be over soon. It’s hard for me to concentrate creatively on multiple similar projects simultaneously. This is [...]
By practicing frugal living we have been retired for 16 years, with no skimping, we can show you howToday Early Retirement Extreme presents a guest post by Saj Karsan from Barel Karsan that introduces the concept of hands-on value investing in the small cap universe. I use similar strategies and Barel Karsan is one of the few blogs I read daily. If you want to watch value investing in action, you should subscribe [...]One measure of financial independence is not to have to worry about having money to pay for goods. This is usually accomplished by having lots of money, but with the internet a second method is emerging. I’m talking about swap sites, freebie sites, etc. where computers match up people who then trade their stuff for [...]In the past few weeks I have written a lot about about wealth and how I became financially independent (part I, part II, part III, part IV). One of my posts, Stranger in a Strange Land, elicited a response from Lily over at The Honest Dollar. Of course I had to write my own response [...]I read once in Luxury Fever that it’s quite possible to get used to eating the same meal three times a day, day in and day out. As long as a diet is well-balanced, there’s no harm in repetition. I bet the reason that people are told to eat a varied diet is similar to [...]Got your attention there, didn’t I? I want to challenge the notion that net worth calculations are a good measure for where a person stands economically. It is my posit that net worth only reflects a fairly one-dimensional image of a person. Insofar that a person really is one-dimensional, and maybe this holds in a [...]For a long time I have had a list of the “most popular posts” in one of my sidebars. For a long time I have not updated this list. Truth to be told, these posts may not be the most popular. Rather they have been chosen as a mix of posts which have resulted in [...]
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