Early Retirement Extreme may be one of the four ways to quit the rat race on the surface. I think, however, that underlying ERE is a much deeper philosophy. In fact, I’d say that saving a lot of money, investing it and living of the income is a completely optional part of ERE.
What this approach has taught me is the value of resilience, independence and living a well-rounded life. Through looking at our needs (and the strategies handed to us by the mainstream to meet them) critically, we can continously uncover new, more optimal ways of life – irrespective of what of what is in our bank account/investment portfolio.
This a concise and very well-written book on early retirement strategies. It features the familiar extreme saving, but also adds three new ways you might be unfamiliar with – and that you might blend for an even more powerful FI strategy (I did!)
“Retire? But a [corporate employee] career is an important part of life and personal development!” In this episode, I explore and refute many arguments for the automatic growth-value of being a highly-specialized, 60+ hours/week employee.
My next two episodes might also interest you: one is on immediate retirement, the extremer version of early retirement extreme and the other on super frugal travelling in developed countries.
More generally, if you are into ERE, you are into going beyond gimmicks/hacks and into frameworks, principles and philosophy. Well, Valiant Growth is all about that! Personal finance is part of the mix, but you will find a similar level of depth in my discussions of other key areas for growth and happiness: psychology, relationships, productivity and goals, to name a few.