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Radical Personal Finance

RPF 0003 – Book Review and Commentary on "Early Retirement Extreme – A philosophical and practical guide to financial independence"

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 18 July 2013

⏱️ 82 minutes

🧾️ Download transcript

Summary

In this episode of the Radical Personal Finance Podcast, we dig into Jacob Lund Fisker’s seminal book “Early Retirement Extreme” for a book review and commentary. I love this book. I think it can serve as an overarching manual for designing your financial plan so that it funds your life. It’s also one of the […]

Transcript

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0:00.0

Welcome to the Radical Personal Finance Podcast, episode 3.

0:05.0

I'm your host Joshua Sheets.

0:07.0

Today's show we are going to do a book review.

0:12.0

It's the first time I've ever done a book review so I hope it's good. I'm

0:15.5

going to start with a book that's extremely challenging to do a book review though.

0:19.7

I'm going to challenge myself and hopefully going to challenge you and give you a broad overview and in-depth review into a book called Early Retirement Extreme, a Philosophical and Practical Guide to Financial Independence, by Jacob Lund Fisker.

0:40.0

Warning up front. This book is not a fluffy book. You may not want to listen to this. You may not be ready for the concepts. We're going to jump right to one of the extreme aspects of financial

0:56.2

planning, which is specifically on early retirement. This show and this book does not contain a list of tips on how to save money on your

1:10.6

groceries by shopping at one store over another or by using coupons.

1:15.7

Nothing wrong with that, that's helpful.

1:17.7

But that's not what this book is for.

1:20.0

This book is a philosophy book, so today's show is going to be a philosophy show.

1:26.8

The author of this book is a physicist, so the content goes extremely deep and very theoretical. Now personally I love

1:37.0

this book. I think that it ought to be given to students at a young age as a handbook that they have to learn and

1:44.8

understand so that they can be conscious about the choices that they make and I

1:48.8

believe it would be a worthy focus for people to begin their lives by building in financial freedom.

2:00.0

The author titled this book and his associated blog Early Retirement Extreme, but he's actually

2:06.5

written many times that that's probably not a great title.

2:10.2

There are probably a lot of other titles that are a lot better.

2:15.8

The words early retirement have a difficult connotation in our society.

2:20.6

Usually when people think of early retirement they think of somebody

2:23.2

instead of retiring at 65 to play golf they think of somebody retiring at

...

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