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Tag Archives: extreme frugality

  • Insider

    Live Frugally, Retire Comfortably

    The fast-track to financial independence & greater happiness
    by Chris Martenson

    Friday, June 28, 2019, 3:41 PM

    20

    Executive Summary

    • Best practices in cost-accounting from the FIRE movement
    • The appeal of the 4% annual expense strategy
    • Life hacks in extreme frugality
    • The Peak Prosperity community shares its collective wisdom

    If you have not yet read Part 1: Extreme Frugality, available free to all readers, please click here to read it first.

    What if it were possible to uncouple from the ‘rat race’ and thereby regain a big portion of your time to use as you please?

    I assume everyone would find that desirable.  Time would open up for one to volunteer, travel, get in shape, meditate, sleep or do whatever you desire.

    There’s a well-established movement underway the goes by the acronym FIRE, which stands for Financial Independence Retire Early.  It’s not for everybody, and has a ton of pros and cons, and I’m not advocating that anybody blindly adopt FIRE as their framework, although some of you may already pursue it and that’s fine.

    I am saying that the movement has put a lot of thoughtful time into managing the income and expense parts of life and it has a lot of very practical advice to follow if one wishes.

    My role is to set the stage. I’ve spent a huge amount of time reading blogs, finding resources, and condensing the learnings to save you time.

    And what I’ve learned is…

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  • Blog

    Extreme Frugality

    A needed mindset for the age we live in
    by Chris Martenson

    Friday, June 28, 2019, 3:41 PM

    20

    If you prefer to listen to the author read this article, Click Here. We didn’t have a lot growing up, as my mom had to single-parent three kids. Most anything I wanted required disciplined frugality. I bought my first fly rod from Orvis at the age of 13, which took the better part of a…

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