Early Retirement Extreme: A philosophical and practical guide to financial independence
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Early Retirement Extreme: A philosophical and practical guide to financial independence

It's important to understand that doing the right thing (good strategy) is much more important than doing things right (good tactics). This is why this book is short on tactics and long on strategies.
An "investor" is thus a person who lives from his assets. A capitalist is an "investor." A hunter-gatherer, who has a way of life that has survived for tens of thousands of years, is to a large extent also an "investor." "Investing" typically requires a great deal of knowledge and familiarity with one's assets. Conversely, "working" requires a
... See moreGiving up the trophy house in exchange for financial independence can result in alienation from those who are heavily socialized to middle-class status symbols. However, there are significant subcultures in which you can easily find friends and partners who put less importance on curb appeal and one-hour commutes.
Feynman once remarked that the best way to find new insights into a problem was to step out of the box, ignore previous publications, and come to your own conclusions. With such an approach, it often happens that a concept which is initially considered to be novel turns out to have been discovered already.
It's much easier to say that something can't work than it is to find a way to make it work.
This endless working and paying is called "making a living," yet people are so busy "making a living" that they have no time for living.
Such solutions often rely on intuitive "insights." Intuition is a result of complex neural connections in the brain suddenly firing in a way that connects with a real problem. This requires two ingredients. The first ingredient is the network itself, which can be established by studying many other similar problems. The second ingredient is thinking
... See moreFocus on developing skills rather than on passive entertainment.
Because of its flexibility and adaptability, it is important to realize that the web of goals strategy essentially is a process-oriented strategy rather that a goal-oriented strategy. On the meta level, a process-oriented strategy is primarily aimed at living, with goals being accomplished as side effects, whereas a goal-oriented strategy is aimed
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