Radical Personal Finance Interview with Jacob Lund Fisker, Author of “Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence” RPF0025
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Jul 22, 2014 Former physicist and author, Jacob Lund Fisker, discusses his philosophy of Early Retirement Extreme (ERE) and the importance of skill development and high savings rates. He explores the influence of marketing on autonomy and financial independence, addresses the challenge of finding an ethical and universal financial strategy, and emphasizes the power of personal choices and individual freedom. Other topics include contingency planning, investment strategies, approaches to financial independence, budgeting for food, restricting carbohydrate intake, and minimizing food waste. The podcast also covers discussions on the warrior diet, future plans, the high cost of weddings, the loss of the love of learning in academia, and understanding financial calculations for retirement planning.
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ERE Blog Origins
- Jacob Lund Fisker started blogging on MySpace before discovering personal finance blogs.
- He then created his blog, Early Retirement Extreme, inspired by the "extreme" trend at the time.
Redefining Retirement
- Traditional retirement, as perceived by older generations, involves ceasing productive work altogether.
- Jacob promotes a different view of retirement, focused on financial independence and pursuing one's passions.
Generational Retirement Views
- Each generation interprets retirement differently, influenced by economic realities and cultural norms.
- Baby Boomers often view it as a time for leisure after 65, while Gen X and Millennials prioritize financial freedom and flexibility.