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
Therefore, a requirement is to make each project self-supported. To understand what this means, divide the projects into three groups (and everything in between) Projects that cost money Projects with start-up costs and regular fixed costs (see Depreciation schedules). You need to buy equipment and pay subscription fees or replace equipment that
... See moreAvoid generating waste and find ways to use the waste of others. Learn to use the system to your advantage, but don't be evil! Serve yourself rather than having others serve you. Instead, help them. Keep running costs down but pay for value. Maintain health to avoid the personal and monetary cost of sickness. Build up the capital to live as a
... See moreThe world that we live in is the aggregate sum of the individual behavior of all of us. "They" are not responsible for our world. We are! You are!
Instead, it's necessary to understand how the world works and how people have been specialized to the point of general incompetence, like ants, which only know how to do one job, but do it very well; this is not human nature.
A group of people or a single person get a bright idea which is completely different from all other ideas. If the idea has merit, other people pick up the idea and create their own personal variations on the idea, perhaps giving different names to the same object, or perhaps using different methods to arrive at the same conclusion. These people
... See moreThere is no reason to pay "retail."
After learning a complicated subject, see if you can explain it to your mother35 or use it in an otherwise unrelated field.
In the past, pursuing this goal was admirable since any increase in production resulted in an increase in well-being: better food, better medicine, better clothing, better housing, better work, and better living. At some point the focus changed from better to more: more food, more medicine, more clothing, more bedrooms, more bathrooms, and more
... See moreIn a world of abundance, delayed gratification is the optimal strategy. Genetically, there's a preference for the former, which means that a mature person with a measure of self-control has an advantage, being able to wait for bargains. It also means if you have patience and don't depend on speed, there are fewer costs to be paid for the additional
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