Blog: How to be financially Independent in 5 years (book)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I love this guy's blog. He outlines the steps he took to become financially independent in 5 years. His advice can be done by most people, but it is not easy. It requires a lot of discipline.
He has a lot of practical steps you can take even if you don't want to be at his level of frugality:
I'm sorry, but there are millions and millions of people who could not possibly be financially independent in five years, even if the author of this blog personally took them by the hand.
For those who CAN be, there is one five-word sentence that sums up everything you need to know in order to accomplish it. Spend Less Than You Earn.
So basically his plan is to live like a hermit on only 25% of your take home pay and save/invest the rest?
Exactly. Most people have financial commitments that would make this virtually impossible. Hey kids, say goodbye to your friends we're moving to a single-wide on Eastern Kentucky, where the climate is perfect for the onions and potatoes we'll grow for dinner.
I'm confused, if he is writing and maintaining his own website how exactly is it retired?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
