Early Retirement Extreme - You can retire sooner than you think
ERE - Jacob Lund Fisker
Jacob Lund Fisker retired in his early 30s. He didn't inherit money. He didn't sell a wildly successful business. He just really understands money and what it can and can't do. In Early Retirement Extreme, Jacob shares his approach. It's not for everyone. But everyone will learn something and re-evaluate their relationship with money.
You might also enjoy my article on How to Spend Money Wisely - not as frugal as ERE but suitable for more people.
Jacob Lund Fisker fanclub :-)
OK. I'm a Jacob Lund Fisker fan. The guy is a genius. I'm a long-time reader of his blog and on many occasions he's stopped me in my tracks and made me rework my world view. This is no get rich quick scheme. More like a get poor quick scheme!
Would you like to have lots more time for the things you love to do? Read Early Retirement Extreme and you'll find out how you can do just that - if you've got what it takes! I haven't got what it takes, but sometimes you need to consider the extremes to work out where you fit. And that's just what I've been able to do through Jacob Lund Fisker's writing.
It's not just about money. Early Retirement Extreme is also about saving the environment. And living an examined life. Jacob Lund Fisker makes you think.
Early Retirement Extreme: A philosophical and practical guide to financial independence - Jacob Lund Fisker
When do you expect to be able to retire based on your current planning assumptions?
Or when did you retire if you have already. Jacob Lund Fisker retired at 33 (well pretty much, he works 2 hours a week, and obviously he's written a book.)
When will you retire?
A taster of the Early Retirement Extreme philosophy
Jacob Lund Fisker has written many blog and forum posts on his Early Retirement Extreme philosophy. Here are a few ideas from his writing. I'm over-simplifying, it's well worth reading the ERE blog and book to get the full thinking behind these ideas. But this will give you a taste of whether Early Retirement Extreme will be of interest to you. And this is just the tip of the iceberg. There's a lot more. And the book goes much deeper.
- You don't need to buy lots of stuff. If you buy less stuff you need less money and can therefore retire early.
- Savings generate interest. If they generate enough for you to live on then you don't need to work. If you reduce the amount you need to live on this happens sooner.
- In the long run it's cheaper to buy quality items that last. You won't need to replace them so often. You won't feel the need to upgrade. And you get to use quality stuff every day.
Early Retirement Extreme Kindle Edition
Early Retirement Extreme is also available as a Kindle ebook - that's how I bought it. Is owning a Kindle in line with ERE? Probably not, but I have one. You don't need a Kindle to buy the Early Retirement Extreme ebook though, you can use one of the - select Send Sample Now. free chapter of Early Retirement Extreme
Early Retirement Extreme in the UK
You can get Early Retirement Extreme in the UK as a Kindle ebook. The paperback version is available for PreOrder.
by Jacob Lund Fisker
More Early Retirement ideas.
by Jacob Lund Fisker. Available for PreOrder at time of writing.
More Early Retirement ideas.
Early Retirement Extreme Review: A different frame of mind
I've read the first chapter of the book and so far it feels very familiar to the Early Retirement Extreme blog. All good stuff and certainly doesn't hurt to hear it again.
We don't really worry about what other people think or living differently to the rest of society so that's not really a barrier for us. And we don't intend to do anything anywhere close to Jacob's extremes.
A couple of things stood out for me. 1. Granite countertops. Yeah I have them and I love them. I deliberated long and hard before buying them, it felt like a big chunk of money. But we'd lived in houses where the worktops looked scruffy within a couple of years and we plan to stay in this house long term so we didn't want to ever have to replace them. And you know what, I love my granite worktops. I enjoy them every day. They're 4 years old now and look just like they did on the day we got them. I'm kind of glad we got them before discovering ERE or we might not have been able to justify them! (Yeah I'm not fully on board am I!)
2.Children Jacob does not have children. He suggests that it's bad for people to have kids and then send them to daycare while they work. I have two small kids. And yes, we use childcare while we work. They are in a home day care 3 days a week. And you know what, I actually think it's better than them being at home with me all the time. They get exposed to lots of different things that I wouldn't think to do with them because I'm a different person with a different background. I have a lot of friends who don't work because they can't afford childcare - most of them find it very difficult being at home with kids all the time. They're far more stressed than me. I love the time I have with my kids.
Update: I've read the whole book now. It's definitely a worthwhile read for anyone who wants to retire early or finds themselves needing to live on much less money. You do need to pay attention, Jacob likes analysis and principles - the style won't be to everyone's taste - perfect for an analytical type like me though. Although Jacob is definitely extreme, you can apply much of the advice in a less extreme fashion. The book will also be useful to anyone who needs to cut back on their spending, due to unemployment. It's really about living a different lifestyle and valuing things other than what money could buy. I think everyone should read this book before entering the world of work. And it's relevant at any age, even if you've already missed the window for extreme early retirement (as I have).
Will you be retiring early? Have you already retired early? Share your story.