Early Retirement Extreme Comments

Comment on What is freedom? by FreeUrChains

FreeUrChains — Fri, 25 May 2012 19:02:53 +0000

But I like thinking inside the Box, the box is there for a reason, I feel safe in there. Just Kidding.

A dog can not find a mate while stuck in a fence. Same as a indoor cat can’t find a mate until they sneak out of the house. Or an Adult until they leave on their own.

There is a riskier but greater purpose for Exploration beyond the fence and the pursuit of Freedom becomes a Goal for those who are enlightened upon their own existance and their own cages.

Comment on How I live on $7,000 per year by Steve

Steve — Wed, 23 May 2012 14:33:18 +0000

That family struggling on $250K – For most ppl that sort of money won’t be able to earn per year, But if you were used to that income and then lost it, it can be a problem – especially if you have put some aside.

Many will also say 7K is an extreme or not possibble but at all depends on what your used to and your lifestyle.

Comment on Update 1 – From the Windy City by RiskyStartup

RiskyStartup — Wed, 23 May 2012 06:31:01 +0000

Hello Jacob,

So happy to see your “new” post. Just posted my own story about how frugality changed my life for the better and wanted to share link to your page as your blog was the driving force helping me stick with the debt-reduction and now wealth building plan (I hope you don’t mind the link).

Ability to do what you want is better than ability to do nothing. I am happy that you found your next “calling” and I am certain you will find the next one, when current one stops being interesting.

I live about 5 hours east of Chicago and my wife and I visit almost yearly – museums for me, shows and shopping for her.

P.S. I am in shock that you can rent the place for $850 in Chicago. I would have expected Toronto prices, where $850 would not even buy you a parking spot.

Comment on The total cost of TV by Mutilate The Mortgage – Mutilate Your Mortgage With Tracking!

Mutilate The Mortgage – Mutilate Your Mortgage With Tracking! — Sun, 20 May 2012 17:30:38 +0000

[...] TV (just in case you can’t hear the sarcasm through the Interwebs I 110% agree with ERE that TV is evil!). Now when you forget about something it often ends up bad and it’s what large amounts of [...]

Comment on Tough to answer: What do you do for a living? by Rich

Rich — Sun, 20 May 2012 11:35:37 +0000

Well it depends on the person. True friends don’t care what you do, they know who you are inside. Acquaintances and strangers mostly care because they want size you up. (In that case it’s perfectly reasonable to be charming, dress well and lie). =D

Comment on No need to save millions – here’s a quicker way to financial independence by BeyondtheWrap

BeyondtheWrap — Fri, 18 May 2012 17:56:52 +0000

@joer1212: You’re assuming that your portfolio will grow by the same amount every year. But that not what happens in reality. There will be periods where the markets will not return as much, or where your net worth will decrease due to crashes, recessions, etc. However, if you keep your spending level at 3-4% of the original principal plus inflation, it should last the appropriate amount of time, according to historical data, regardless of what happens in the markets (unless, say, something much worse than the Great Depression happens).

Comment on The economics of Robinson Crusoe by FreeUrChains

FreeUrChains — Fri, 18 May 2012 17:36:49 +0000

May I ask you for the Rights to this, for a Personal Finance Survival to Wealth Video Game?

Comment on No need to save millions – here’s a quicker way to financial independence by joer1212

joer1212 — Thu, 17 May 2012 20:37:19 +0000

Why do people always mention “how long” your investments will last by drawing 3%-4%???
Unless you’re making less than that in interest, not only should your principal last forever, but it should actually GROW.
Am I missing something here?

Comment on On nose blowing by tagi

tagi — Wed, 16 May 2012 16:12:29 +0000

Your words may be true, but I find the idea of putting snot-dirty handkerchief back into pocket disgusting. Cutting from Kleenex wouldn’t save anyone’s personal economy, if I would ever need one again.. I just realized that I haven’t had a slightest snot or flu since I started taking hefty dosage of vitamin D 2 years ago. =) Pills are even cheaper than kleenex

Comment on How I live on $7,000 per year by Extreme retirement -

Extreme retirement - — Wed, 16 May 2012 14:06:32 +0000

[...] Here’s a blog by a seemingly sane individual who claims to be able to teach anyone how to retire on $7,000 per year. [...]

Comment on Health insurance for extreme early retirement by Deacon

Deacon — Mon, 14 May 2012 21:30:34 +0000

Thanks for the reference to eHealthInsurance.com. I was just talking to a buddy the other day who is looking for a place to get a HDHP because he is self-employed. This was perfect!

Comment on Update 1 – From the Windy City by Dan - BankVibe

Dan - BankVibe — Mon, 14 May 2012 19:47:30 +0000

Very thorough! I find it hard to believe that there are places to rent in the windy city for $600/mo though…My buddy went to the U of Chicago and spent $1100/mo on one of the smallest apartments I’d ever stepped foot in.

Comment on On nose blowing by petra

petra — Mon, 14 May 2012 17:19:19 +0000

I have a large stack of hankies and bandanas and I use them every day. Sometimes I have a couple of them with me, in my backpack or panniers. My SO also uses them. We don’t buy kleenex, but occasionally use TP (kleenex on a roll)

At the end of the day used ones go into the laundry basket.

Comment on How I live on $7,000 per year by Time, Energy and Money | A Pastor on a Scooter in Japan

Time, Energy and Money | A Pastor on a Scooter in Japan — Mon, 14 May 2012 12:39:05 +0000

[...] to travel of your interest for 6 months a year in many countries. If you’re interested, here‘s a guy who just had a normal job for a couple of years, saved like crazy and now lives of [...]

Comment on The $1500 bicycle by Mirwen

Mirwen — Sun, 13 May 2012 02:08:40 +0000

I applied that same principle to my scooter. I bought a used Vespa for $1200. I figured if I was going to ride a scooter, I might as well do it in style.

Comment on How I live on $7,000 per year by Getting More Out Of It « The News Are Good

Getting More Out Of It « The News Are Good — Fri, 11 May 2012 18:04:14 +0000

[...] One can live well on $7,000 a year. [...]

Comment on Incomplete list of hobbies that could earn money by Natalia T

Natalia T — Thu, 10 May 2012 20:30:59 +0000

This is a pretty good list! I would venture to say that almost any hobby can make money. Here’s an even bigger list of hobbies with all kinds of sites and resources and projects related to each category.
http://www.squidoo.com/the-world-s-biggest-list-of-hobbies

Comment on Day 19: Getting rid of your TV (addiction) by Vicki

Vicki — Thu, 10 May 2012 02:59:03 +0000

About 10 years ago when my daughter was 10, I pulled the plug on cable TV. Unfortunately we ended up spending more on entertaining ourselves by buying books, DVDs, etc., than if I’d just kept paying the $60/month for the cable. So I ended up having it re-installed. At the time I wasn’t ERE or anything. This is just my observation that it can be cheaper to have a TV than to go without it. I think this is true especially if you have kids. It’s easy for non-parents to make comments about using TV as a babysitter, but trust me, when you are exhausted, it can feel like a lifesaver.

Comment on Tools by Hoplite

Hoplite — Wed, 09 May 2012 20:48:58 +0000

A good tool should be social, but a professional tool should never be too social. If you’re a hatchet, then you should chop even close friends and family with vigor because that’s what a real professional tool does.

And a thank you for The Prisoner references above!

Comment on My Early Retirement Story by amazed-support

amazed-support — Wed, 09 May 2012 20:42:15 +0000

Just wanted to support the comment left by ‘amazed’. Sure we could all retire much quicker without kids. In fact, what is the benefit of having children? they just soak up money and more important time. 20 years of your life at least. Gone. Well, lets just say I know some people who are financially independent now, and their only regret is never having children. I think its cynical to feel that there is no reason to have children. I think those who chose the single wealthy life without children have just never met someone they wanted to start a family with. Thats sometimes a better feeling than all the millions in the world.