030 – The Philosophy of Frugality: Key Ideas from Early Retirement Extreme by Jacob Lund Fisker

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Begin by getting the book 🙂

Why didn’t I bring this episode to you sooner? That’s the question that I ask myself now that I’ve finished recorded it – you could be months ahead on your financial independence plan!

This is my presentation of Early Retirement Extreme – I talk about the philosophy of frugality, I talk about how it’s an embodiment of a great strategy book and I present some really useful frameworks for thinking about your goals, your independence and your purchases.

It’s a great book, I suggest that you get it now, even you have a full reading list. Every person I’ve ever shown this book to has regretted not reading it sooner.

Find it the book at http://valiantgrowth.com/ere

Also find Jacob’s website at http://earlyretirementextreme.com, Joshua Sheats’ review of the book for more excerpts on the philosophy at https://radicalpersonalfinance.com/3 (it was his 3rd episode as opposed to my 30th, he knows what he is doing) and Mr. Money Moustache’s blog at http://www.mrmoneymustache.com/ for a more approachable…approach.

Find out when you can finally retire!

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006 – Developing Purpose and Goals

What is your purpose? What is your vision for yourself? What goals have you set for yourself? Why these goals and not others?

In this podcast I discuss about why purpose is important and how it affects procrastination, present a step-by-step approach to developing it (while encouraging you to craft your own approach) and provide resources for further exploration.

The steps:

  1. Prepare your mind with stimulating questions
  2. Find and define your core needs
  3. Set up scales for assessing to what extent you’ve met your core needs
  4. Assess your present position
  5. Establish the big picture: the next levels of fulfillment.
  6. Brainstorm 30 ideas for each big picture goal
  7. Narrow the list down. Look for solutions that repeat.
  8. Choose 3-5 goals. Smartify them.
  9. (optional) Analyze impact on core needs to gain further clarity
  10. Create a period purpose summary
  11. Create plans and milestones
  12. Create supporting rules and habits
  13. Review and repeat periodically

Recommended book: Goals! by Brian Tracy

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005 – Book Review: The Way to Willpower

It’s not often that you find quality resources for free! In this podcast I review and present key ideas from The Way to Will Power by Henry Hazlitt, a free book from 1922 on productivity. I talk about: carefulness in picking goals, shallow goals, how to resist breaking resolutions, avoiding temptation, the value of habits, how to build habits, and why to plan.

The Way to Will Power by Henry Hazlitt

Also check out:

Economics in One Lesson by Henry Hazlitt (free PDF)

Economics in One Lesson by Henry Hazlitt (Amazon)

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