Saving
I used to read a lot of the blog “Early retirement extreme” but it definitely got repetitive. The whole website can be summarised as follows:
- Live your life cheaply
- Save lots
- The lots you save soon will be able to pay for you cheap life
And then you can remove work from the equation. They use percentage of wage saved as a benchmark for whether one is living correctly (Not wasting money). This figure is expected to be up and around 70%. The last couple weeks I have been managing 80%..
And I feel they are completely correct about the assumptions. Material possessions bring temporary and minimal pleasure, the best and most important things in life can be done really cheap.
For those who think they would get bored without work, thoroughly going through the 16 things you should do everyday will take up a good part of your day (Plus they are almost all free).
Currently I feel work is dominating my time, so I think there isn’t even enough time to fully spend the money I am earning. People falling into the trap of living above their means seems really weird to me.
Strikee 