erejacob

24 ms·

31.
by erejacob 15y ago
As does working for $40k a year and investing 30k annually which is what I did. There's no stock market magic required.
32.
by erejacob 15y ago
Exactly! It isn't hard to do. It's only "hard to imagine" for those who aren't doing it. It's like being a runner and having a hard time convincing couch potatoes that running isn't primarily dominated by sweating, side stitches, gasping fo
33.
by erejacob 15y ago
It's been my experience too that the majority don't give a second thought to what money represents. To most people money is something that comes out of a slit in the wall when they insert their plastic card. Some realize that this only keep
34.
by erejacob 15y ago
Well, not to worry, most people won't make "the sacrifice". Maybe if we transitioned to a production based economy but producing only quality items we needed. That way we wouldn't have to work so much. Unemployment would go down because peo
35.
by erejacob 15y ago
Yeah, it's not rocket science. The biggest money losers are too much house and too much car and all the interest payments that go towards it. Even by eliminating the interest by paying in cash you're already cut your expenses on those items
36.
by erejacob 15y ago
I am aware of inflation. I did not intentionally imply anything about CPI. I was referring to the old generations attitude of "make it do or do without" compared to the current attitude of "just charge it on the card".
37.
by erejacob 15y ago
I like living in the US. We bought our home in cash. Our home is currently an RV---bear with me here. The cost of it was $16k. We pay a combined $6000/year in rent (half of which is my half). You need $200k in investments to support such a
38.
by erejacob 15y ago
Rent is included. See Frequently Asked Questions for a budget.
39.
by erejacob 15y ago
I just borrowed the title from the previous article. There's a budget here http://earlyretirementextreme.com/frequently-asked-questions and tons of other information on the rest of the site.