[Reading] ➽ Early Retirement Extreme By Jacob Lund Fisker – Tshirtforums.co.uk

Early Retirement Extreme pdf Early Retirement Extreme , ebook Early Retirement Extreme , epub Early Retirement Extreme , doc Early Retirement Extreme , e-pub Early Retirement Extreme , Early Retirement Extreme 1911b2a46aa A Strategic Combination Of Smart Financial Choices, Simple Living, And Increased Self Reliance Brought Me Financial Independence At And Allowed Me To Retire From My Profession At Early Retirement Extreme Shows How I Did It And How Anyone Can Formulate Their Own Plan For Financial Independence The Book Provides The Principles And Framework For A Systems Theoretical Strategy For Attaining That Independence In Years It Teaches How A Shift In Focus From Consuming To Producing Can Help People Out Of The Consumer Trap, And Offers A Path To Achieving The Freedom Necessary To Pursue Interests Other Than Working For A Living The Principles In Early Retirement Extreme Show How To Break The Financial Chains That Hold People Back From Doing What They Truly Want To Do The Framework Has Been Used By Many People Over The Last Few Years To Accomplish A Variety Of Goals It Provides People A Means To Achieve Almost Any Goal, Whether It S Debt Free Living, Extended Travel, A Sabbatical, A Career Change, Time Off To Raise A Child, A Traditional Retirement, Or Simply A Desire For A Resilient And Self Sufficient Lifestyle The Book Was Initially Written For People In Their S And S, But Its Ideas Aren T Limited To Early Retirees Middle Aged People In The Grips Of Consumerism Can Use The Principles To Take Back Control Of Their Lives People Closer To Retirement Age Who Don T Feel Adequately Prepared Can Use It To Set Themselves Up For A Comfortable Retirement In A Relatively Short Period Of Time Anyone Worried About Their Financial Future Can Use The Principles In Early Retirement Extreme To Make Their Future Secure


10 thoughts on “Early Retirement Extreme

  1. says:

    Jacob Lund Fisker s Early Retirement Extreme is a convoluted, disorganized, melting pot of pseudo philosophical ideas Don t get me wrong I realize that there aren t too many role models out there for those of us seeking to attain the elusive dream of Financial Independence I just don t think that I connected much with Jacob His somewhat scientific approach to the frugal lifestyle was unnecessarily complicated and for the most part failed to resonate with me Fisker often repeats that this book is of a philosophical education on his ideology rather than a detailed guide to help the rest of us reach our financial goals In my opinion, his disclaimers are simply an excuse for him to write a whole lot without really saying much of anything.


  2. says:

    This book had very little to do with retirement, but I can sum it up for you in just a few sentences or steps and you won t even have to read it 1 Work for a while.2 Learn how to be frugal and then learn how to be cheap really, really cheap e.g., put your clothes into a bucket with some soap and water and drive down a bumpy road no kidding that s one of his tips.3 Self publish a book and call it Early Retirement Extreme even though it has no blueprint for retiring early.Here s a condensed version Buy the best and cry once or buy cheap and cry forever.


  3. says:

    My review My high school required all students to take a home economics course, which involved cooking potatoes, sewing a shirt, and basic pantry keeping What a lost opportunity The world would be a better place if that curriculum were replaced with a semester long study of this book I wish my peers and I had been exposed to these ideas before we left for college and started making life shaping economic decisions.The book is densely packed with ideas and difficult to summarize That said, the three key ideas are perhaps 1 The default choice for all expenditures of money time attention natural resources is zero consider upgrading from there This is in stark contrast from the mainstream consumerist approach of letting your peers and marketing dictate your baseline lifestyle 2 Optimize your entire lifestyle as a holistic system 3 The mathematics of financial independence dictate that one can either maximize years of work and financial return, which is the conventional approach of working for decades and stressing out about the stock market Or, maximize the savings rate, which makes market return somewhat irrelevant and can make the timeframe as short as 5 years on an average US salary.Altogether the book presents a coherent system of abstract ideas Combined and implemented, those ideas yield a realistic means to achieve lifelong financial independence after a few years of employment at an average salary.This system is perhaps most valuable to people whose calling is not compensated well artists, writers, musicians, political activists, teachers, stay at home parents, and so on They now have the option of following this program pay your dues in a trade or office job for 5ish years, and buy a lifetime of freedom to pursue your calling without worrying about money.The book s presentation does suffer in a few areas The tone is akin to that of a science textbook, and I think some readers are unwilling or unable to work through that And, it has numerous typos and would benefit from round of copy editing It might be worthwhile to produce a 2nd edition to correct the typos.


  4. says:

    Not your typical finance book The trippy ideas presented are not meant to be read in the usual straightforward manner This is not a How To, but a reformation of our inherited consumer based, work spend hamster wheel lifestyle Boiled down, you can look at it as a simple solution, yet learning to question your motivation for everything you do buy covet is not as simple as it sounds I m not finished with it, but then I never will be I borrowed this from the library, but this is a book meant to be owned and referred back to periodically Definitely worth a spot on my bookshelf, which is a review all in itself.


  5. says:

    This is another blog I came across that has morphed into a book Here is my review This was one of the first books I bought for the Kindle that really began to use the additional features that the machine offers Specifically, the ability to cut and clip paragraphs that you find notable and the ability to make your own notes as you read were very useful as I worked my way through the text For me, the most enjoyable thing about this book was that it offered quite a different take on the world of money Instead of giving advice on how to amass a fortune that might allow you retire early in comfort or luxury, it challenges the whole notion about what exactly you need that money for Coming to think of it, why are you working every hour God sends to spend the small amount of free time you actually get lying exhausted on the couch, surrounded by gadgets you have no notion of using and people that you have little energy to really interact with Yes, of course you can retire early, but before you do it, think long and hard about what you will do with the time and how much money you will really need to enjoy that time in a way that you will find personally fulfilling I really enjoyed the section of the book entitled The Lock In that examines the almost insane cycle most people have got themselves into in Western society working and working to buy largely meaningless stuff in exchange for losing the time that they could use to enjoy the stuff that they ve bought In this way, the book is a philosophical examination of our society and values than a text book that will help you save and invest for a life of retirement luxury For those of us who actually largely enjoy our job and the world of work, there is still much to take away from the book It helped me qualify some half baked notions about retiring at 55 for example, and gave some tips on how to calculate what I d need to do so, while also pushing me to think about what I wanted to do with the time once I d reached that goal As the title suggests, you can take an extreme view of retiring early live rent free in a tent at the bottom of a friend s garden, live on porridge and boiled water and write that book you keep fantasising about You don t need much money for that, and you ll have all the free time in the world Unfortunately, it will also feel like it The reality of life is that you do need a bit of money for the life of milk and honey The fact that Mr Fisker seems quite keen to sell copies of this book as evidenced in his blog recognises this Maybe he is quite keen on having that Mercedes after all Nevertheless, if you want a stimulating, amusing and different take on our world of finance and early retirement from the rat race, investing some of your hard earned time and money on this book is definitely worth it.


  6. says:

    I ve read a lot of books about personal finance I wish I had read this one twenty years ago, which would have been difficult given that it was published two years ago It is a very detailed book that really appeals to my mathematical and systems oriented nature Despite the book s claims, it doesn t really say anything hugely new What it does, instead, is take some of the axioms of conventional wisdom, mix them with a healthy dose of simple living philosophy, and then take them to their logical conclusions in a very systematic way, complete with exercises to help you to tailor the same approach to your life.If you happen to be in your early twenties, or younger, I really recommend you read three books about money.First, read Beth Kobliner s Get a Financial Life, which is a really good and readable example of the sort of standard book about money There are a lot of different books you can substitue for this one The Complete Dummy s Everything Beginnner s Guide to Money for Idiotic Stupid Fucking Morons, if it exists, probably covers the same material.Second, read Tim Ferriss the Four Hour Work Week.Third, read this one.When reading this one, don t be too put off by the tone, which sometimes ends up very people are stupid sheep, and I am much smarter than everyone This book was recommended to me by a coworker who is in his mid late twenties I frankly envy that coworker He is designing his life much consciously than I did mine I have a pretty good life, but it s hard to make changes to it without taking on a fair amount of discomfort and affecting a number of other people This book could have been really useful to me, earlier in life, for figuring out how to design a life for greater flexibility and comfort It could still be helpful for that some of the exercises seem fairly valuable but my younger self would have benefitted even .


  7. says:

    I wish I read this when I was 21 Today, as an actual thirty something retiree, I m not sure how useful it is to me.

    Jacob Lund Fisker is a guy who lives a kind of extreme lifestyle He lives in a mobile home with his wife, spends less than 10,000 a year, foregoes appliances like a washing machine that many of us consider essential, and doesn t own a single thing he doesn t use at least twice a year On the plus side, he retired at the age of 33 This wasn t an I ll spend a year hiking the Pacific Crest and then get a job in a different field retirement he actually has all of the money he ll ever need to sustain himself in his current lifestyle In this book, Fisker attempts to lay out the philosophical foundations for why someone would choose to follow in his footsteps, and offers a few practical steps to get started.

    Unfortunately, it s the philosophical portion of the book that s the weakest Chapters two through four are by far the book s nadir, as they fall prey to the armchair philosopher s greatest weakness the tendency of the author to believe his own argument is infallible He, in broad, hand waving sweeps, dismisses the Middle Ages as an economic collapse which it wasn t , paints a vision of a Renaissance man that would have probably thoroughly befuddled anyone from the Renaissance, and lavishes over sixty pages of dense, uncited text to explain to the user that consumerism is bad and you shouldn t fall prey to it If you ve so much as picked up this book, you probably don t need that message.

    The sad part of this is that Fisker didn t need to do that He has a compelling story about how he came to the point where he is, and if he merely told it, using his own background as illustration for the reader on how to avoid the perils of consumerism and debt, he d have a much gripping read.

    And ultimately, this is the problem with the book as a whole it doesn t know its audience I picked it up, as a thirty something retiree myself, partially to see the notes of someone who has already done something similar to me The catch, which is now quite apparent, is that what he did is only passingly similar to what I have done I retired by buying a home I could afford and saving over one million dollars I can draw my assets at a hair over three percent without any significant privation from the consumer lifestyle that makes Fisker wary Having done that, I m not sure how or why I d go about simplifying my life with the kinds of practices he describes in chapter six.

    This book should be in the hands of college kids and twenty somethings who have a shot of taking Fisker s message and running with it much as Fisker did he started his extreme retirement lifestyle in his mid twenties By painting it as a retirement book, he effectively forecloses this possibility.


  8. says:

    This is probably the best book I read in 2012.ERE is a philosophy book than anything else Fisker offers a way to get off of the 9 5 treadmill, mainly by radically cutting expenses and saving a high percentage of your income for a long enough time to get to the point where you have many multiples of your annual living expenses.It is not a recipe personal finance book Rather, he asks some very fundamental questions about the nature of work, advocating that people become renaissance men capable of doing many things rather than buying gadgets or paying people to do stuff Retirement here is not a non stop golf and beach session, but rather getting to the point where you can pursue your productive interests without having to worry about paying the rent and putting food in your stomach.The criticisms of this book mainly concern its length and disjointedness These are valid to some extent, but you really do need to go along for the ride that the author takes you on He develops complex ideas interspersed with the occasional mathematical proofs, and results in far interesting insights about work, productivity, and life than nearly any other lifestyle design personal finance book out there.A must for anyone who wants to get off the treadmill, has achieved conventional career success but is still unfulfilled, or who wants to actually live a good life rather than just striving for those things a big house with a bigger mortgage, etc that we have been told a good life should consist of.


  9. says:

    The concept was definitely compelling Stop the cycle of lifestyle inflation, cut back expenses in an extreme way, and retire early The philosophy early on in the book was similar to mine For instance, I think it makes no sense for houses in the suburbs to have postage stamp, individual lawns to take care of with the associated lawn equipment when it can be obviously efficiently done by one person who is dedicated to taking care of all of the lawns As the book goes on, the author focuses and about being a Renaissance Man, which is the term he uses for the enlightened folk who live like he does He starts getting a little condescending and self aggrandizing, which prompts me to roll my eyes as I read When he gets to specific tips, some are clearly outrageous and impractical Such as, it s possible to live in a house without a bathroom, one of his blog readers walks 1.5 miles to go to the bathroom since he doesn t have a toilet Another radical idea is to not have a refrigerator, which makes no sense to me why you would go food shopping EVERY DAY and of course he prefers that you walk to the grocery store His discussion of economics was very good Overall, a decent book but sometimes too outlandish even for people who do already live simply.I ll keep my toilet and refrigerator, thank you very much.


  10. says:

    Fisker s basic philosophy for early retirement is simply spend less, save , get used to doing the former, and you will be able to retire within 5 10 years instead of 30 years The opening part of the book is devoted to explaining the phenomenon of the lock in of wage slavery and consumerism prevalent in our society today This part becomes a boring, rambling rant in verbose English after a while, since it goes on for so long It becomes not much different than the typical anti capitalist screeds available on your local communist website I think it could have been better to shorten this to a few pages, but I think Fisker believes he needs all the rhetoric in order to prepare his readers for his radical proposal of simple living.In the next part, Fisker starts to expound on his basic philosophy for simple and sustainable living At this point I am going to stop reviewing the book chronologically, instead evaluating its overall philosophy instead In contrast to the typical profiles of a working man or a business man, Fisker presents the ideal of the Renaissance man, who lives simply and thriftily due to his smart everyday choices The Renaissance man is able to be his own plumber, carpenter, engineer, financial manager, tailor, instead of outsourcing every one of these tasks to another party and having to pay extra for it Instead of relying on one source of income, the Renaissance man has diversified streams of incomes that are sufficiently independent from one another such that if one fails e.g being fired from work , his life can still go on smoothly Having a background as a theoretical physicist, Fisker often uses analogies from physics in fascinating ways, such as the concept of couplings between different aspects of our financial situation although I have a suspicion that it may be less comprehensible for a layman.To justify this radical proposal of being a Renaissance man, Fisker makes a case that many of things we assume are necessary to live a comfortable middle class life are not really that necessary, such as constantly buying new things, taking out a mortgage to own a home with several bedrooms, and even having a car He goes through all aspects of life clothing, books, tools, exercise routines including tips on the kinds of workouts to do , transportation, hobbies, and even insurance he believes most insurance is useless as you will break even the only type of insurance worth having is to prevent catastrophic failure from occurring, such as a high deductible but low monthly fee health insurance Fisker s book becomes a mix between a general philosophy book and a versatile manual for living life A recurring theme in this section is thinking of all your purchases in terms of how much they cost per month or year, instead of buying something and forgetting about it despite rarely ever using it Did Fisker convert me to his philosophy His philosophy is very radical in that it completely discards all the trappings of success that most people work towards in life success is not owning a large house, a flashy car, designer clothing, or millions in your investment portfolio Fisker advises people who want to follow his advice to stop associating with others who believe that these things are necessary in order to define success His reasoning is not far fetched many of these things are indeed arbitrary constructions of society Most people don t need a large house with 3 bedrooms if they don t have kids Most people can survive just fine living in a tiny apartment But what do we then live life for Fisker s assumption is that early retirement frees up people to do worthwhile things than being a 30 year wage slave working for 40 60 hours a week For his case, these worthwhile things include participating in yacht races and being a member of a board for a non profit But is this the same for everyone else For many others, wanting to have enough money to buy a large house is a valuable goal in and of itself So I think Fisker s books is vulnerable to what I call the first world Westerner wants to return to noble poverty dismissal Fisker was born in Denmark, a first world country where almost no one is truly poor and most people have access to good healthcare, education, and living standards Presumably his family and lifestyle going up was decent enough to allow him the environment to eventually succeed academically Now he is OK with living simply in a motor home and doing fulfilling hobbies which cost little money But what if someone grew up poor, never had a working car or a comfortable house What if someone never had the chance to go to college Dismissing typical standards of success in society as merely artificial, unnecessary constructions is much easier if you ve lived well off for a while Similarly, it s easier to become a vegetarian if you ve regularly eaten large loads of meat throughout your life which is the case for most middle class American families It s not as easy if you ve lived in a developing country for most of your life and have been forced to live as a vegetarian or in a motor home due to the lack of alternatives A jaw dropping passage to me is one of the proposals Fisker presents for saving money for food he points out that in hunter gatherer societies, humans normally didn t eat for days when hunting for prey Thus, the need to satiate hunger pangs is yet another artificial and unnecessary construction of society He suggests that going without food for a day or two is something to be considered This section is not as amusing if you have ever found yourself in a situation where you are forced to go without food Human beings live, work, make money and spend money because they have certain wants Fisker is correct in identifying many of these wants as not strictly necessary But sometimes people have wants and dreams not because they need them physically, but they need them psychologically People need a purpose in life to work for Fisker succeeds in exposing the flaws of the range of typical purposes in life that people in our society strive for What isn t so clear is whether he has left anything behind, or replaced it with a better alternative I could imagine say, a Christian writer presenting Fisker s ideas but against the backdrop of motivating people to become missionaries after their early retirement But without that aspect, the books seems to be missing an important aspect what for


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