I don’t know how many of you are big followers of personal finance blogs – however if you haven’t heard about the extreme early retirement movement, it’s worth reading up on. The main idea is to maintain your lifestyle while minimizing your input of efforts and money. People who are really into the lifestyle often manage to generate large amounts of resources over time so there may be something to the philosophy.
More generally if you’re looking to find ways to save money, the extreme early retirement literature is full of great resources on frugality, money management and generally hacking your life to make things less expensive.
A couple of good sites to get you started are:
1. The Early Retirement Extreme Wiki
2. www.earlyretirementextreme.com
From what I can tell the extreme early retirement movement may have some limitations. None of the major players seem to be multimillionaires, and to get to early retirement you’ll have to give up a lot of luxury. That said, not everyone can be a multimillionare so check it out if you get a chance.
James Hendrickson
James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.
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