Compare/Contrast Financial/Lifestyle Literature
Posted: Thu Jan 26, 2017 9:33 am
I recently took a heavy hit to my most passive income source (sales of my previously accumulated rare book inventory), due to the fact that Amazon jacked up its storage and servicing fees for my category of inventory (one-of-a-kind, slow-moving.) For me, this is roughly the equivalent of getting a notice from the property management firm that handles your largely passive real estate rental investments informing you that their rates are going way up, AND there is no other property management firm you can use, so now you are likely going to have to be on call for water heater issues and mow the damn lawns again yourself until you hack together a new plan.
So, since I was sent into "back to the drawing board" mode, I have been re-reading some of the titles in my stack of lifestyle and self-employment literature, and it occurred to me that it might be useful to start a thread with the purpose of compiling, comparing , and contrasting the basic premises of all these different books or plans. The list could include:
1) ERE FI investment version
2) ERE intermittent employment version
3) 4 Hour Work Week
4) Rich Dad, Poor Dad
5) MMM
6) Art of Non-Conformity/$100 Start-Up
7) 2 Day Work Week
8) Get Rich Quick on Some Pyramid/Margin High Risk Scheme
9) Conventional Wisdom (what most people think they should be doing)
10) Observed Normative Function (what most people actually do)
11) Possum Living
12) Permaculture Millionaire
13) Survivalist/Doomer
14) Simple Living- Low Tech
15) Sugar Baby/Kato Kaelin Social Capitalism
16) No Money Scavenge/Barter Lifestyle
17) No Money Meditate/Beg Lifestyle
18) Simple Living-Minimalism
19) Simple Living-Communal
20) Millionaire Next-Door
21) YMOYL
22) Tightwad Gazette
First two premises to (roughly) compile might be Suggested as Ideal/Possible Yearly Spending/Savings. Please correct me if you think I am off on any of these. Some I do not follow or have not read. Also, please offer a specific book or author for some that I only generally described, and please add to list.
1) $5500/$185,000
2) $5500/emergency-slush fund + fund to cover length of intermittent unemployment
3) $$?/mostly passive cash flow to cover ?spend$
4) $$$?/mostly passive cash flow to cover ?spend$
5) $24,000/$800,000
6) $50,000/$1000 venture + emergency-slush fund
7) Minimum hourly wage X 16 X 52/emergency-slush fund
8) $$$!?/$0
9) $60,000/$2,000,000
10) $40,000/$40,000
11) $5500/enough to pay cash for house with garden space at foreclosure sale in decent-enough neighborhood
12) $5500/shelter and free lease/own property
13) $$?/liquid funds for flight possibility and bunker supplies for fight possibility
14) $?/shelter and variety home production tools/facilities
15) cell phone bill /pedicures/etc. ($3600)/bus or uber fare to next couch surf ($3-$30)
16) $0/$0
17) $0/$0
18) $$?/total cost 100 BIFL items plus travel/experience expense fund
19) $?/$?
20) $24,000/$3,600,000
21) $?/($?/Long Term Treasury Rate )
22) $?/paid for house, enough passive and/or pension income to cover $? beyond small income from home-based self-employment.
It's pretty clear to me, in retrospect, that ever since I started reading in this realm of literature (1988?), I have always chosen to take and integrate whatever appeals to me from any plan and toss aside the rest. For instance, I'm still don't seem to be choosing to (1) go back to work full-time for 5 years or (11) keep/kill rabbits for meat or (15) live on a yacht with a grouchy old man or (22) force my adult children to eat lima beans from my garden.
So, since I was sent into "back to the drawing board" mode, I have been re-reading some of the titles in my stack of lifestyle and self-employment literature, and it occurred to me that it might be useful to start a thread with the purpose of compiling, comparing , and contrasting the basic premises of all these different books or plans. The list could include:
1) ERE FI investment version
2) ERE intermittent employment version
3) 4 Hour Work Week
4) Rich Dad, Poor Dad
5) MMM
6) Art of Non-Conformity/$100 Start-Up
7) 2 Day Work Week
8) Get Rich Quick on Some Pyramid/Margin High Risk Scheme
9) Conventional Wisdom (what most people think they should be doing)
10) Observed Normative Function (what most people actually do)
11) Possum Living
12) Permaculture Millionaire
13) Survivalist/Doomer
14) Simple Living- Low Tech
15) Sugar Baby/Kato Kaelin Social Capitalism
16) No Money Scavenge/Barter Lifestyle
17) No Money Meditate/Beg Lifestyle
18) Simple Living-Minimalism
19) Simple Living-Communal
20) Millionaire Next-Door
21) YMOYL
22) Tightwad Gazette
First two premises to (roughly) compile might be Suggested as Ideal/Possible Yearly Spending/Savings. Please correct me if you think I am off on any of these. Some I do not follow or have not read. Also, please offer a specific book or author for some that I only generally described, and please add to list.
1) $5500/$185,000
2) $5500/emergency-slush fund + fund to cover length of intermittent unemployment
3) $$?/mostly passive cash flow to cover ?spend$
4) $$$?/mostly passive cash flow to cover ?spend$
5) $24,000/$800,000
6) $50,000/$1000 venture + emergency-slush fund
7) Minimum hourly wage X 16 X 52/emergency-slush fund
8) $$$!?/$0
9) $60,000/$2,000,000
10) $40,000/$40,000
11) $5500/enough to pay cash for house with garden space at foreclosure sale in decent-enough neighborhood
12) $5500/shelter and free lease/own property
13) $$?/liquid funds for flight possibility and bunker supplies for fight possibility
14) $?/shelter and variety home production tools/facilities
15) cell phone bill /pedicures/etc. ($3600)/bus or uber fare to next couch surf ($3-$30)
16) $0/$0
17) $0/$0
18) $$?/total cost 100 BIFL items plus travel/experience expense fund
19) $?/$?
20) $24,000/$3,600,000
21) $?/($?/Long Term Treasury Rate )
22) $?/paid for house, enough passive and/or pension income to cover $? beyond small income from home-based self-employment.
It's pretty clear to me, in retrospect, that ever since I started reading in this realm of literature (1988?), I have always chosen to take and integrate whatever appeals to me from any plan and toss aside the rest. For instance, I'm still don't seem to be choosing to (1) go back to work full-time for 5 years or (11) keep/kill rabbits for meat or (15) live on a yacht with a grouchy old man or (22) force my adult children to eat lima beans from my garden.