tungwaiyip.info

home

about me

links

Blog

< May 2006 >
SuMoTuWeThFrSa
  1 2 3 4 5 6
7 8 910111213
14151617181920
21222324252627
28293031   

past articles »

Click for San Francisco, California Forecast

San Francisco, USA

 

Book Review: Work Less, Live More

Work Less, Live More
by Bob Clyatt

This is a guide to early semi-retirement. Why retire early? Let's make it clear. It wasn't about making a killing in the stock market and then spend the rest of your life fishing. It is about attaining financial security to fund your retirement so that your can spend more time with the family, pursue other field work where your heart is, or simply winding down from the insanity of corporate rat race. It is about pursuing a long, healthy and fulfilling life.

Much of the book cover the financial strategy to build up the nested eggs. The new idea isn't new. Spend less, save more, invest passively in a diversified portfolio and withdraw at a sustainable rate. He make many examples to illustrate his points and also listed numerous resources.

One thing that set this book apart from other investment advices is he has a scope of life time. Most financial news focus on the action to take today. But here money is a mean to achieve financial freedom, not for profit maximization. He also has an interesting take on children's colleague expense. Although it is a large expense, he said, it is finite and can be budgeted. Just think about this, compare life long health care expense, then colleague is really one time expense. This insight can only come from a scope of life time.

While financial issues constitute a large part of the book, you will find inspiration notes throughout. For example, about different ways of giving back, he said,

Even just being a good friend and readily available to your older parents or extended family is a way to give back.

It is very basic but it rings true to me.

For myself retirement is a distant thought. Nevertheless it tells me it is important to have a goal in life. If I plan for it today I might be able to have the freedom to pursue a life that I truly long for.

2006.05.27 [, ] - comments

 

 

blog comments powered by Disqus

past articles »

 

BBC News

 

Polish PM accuses EU of blackmail as row over rule of law escalates (19 Oct 2021)

 

North Korea confirms 'successful' submarine-launched missile test (19 Oct 2021)

 

Navy report blames crew for devastating fire on the Bonhomme Richard (19 Oct 2021)

 

UK 'keeping a close eye' on rising Covid cases (19 Oct 2021)

 

School steps in to give classes to Afghan children living in hotel (19 Oct 2021)

 

Squid Game helps Netflix subscriptions bounce back (19 Oct 2021)

 

Rachel Levine: Transgender official sworn in as four-star admiral (20 Oct 2021)

 

Austria driver sought after two migrants found dead on bus (19 Oct 2021)

 

Myanmar: Mass release of political prisoners (19 Oct 2021)

 

Oleg Deripaska: FBI searches US homes linked to Russian oligarch (19 Oct 2021)

more »

 

SF Gate

 

13 Best Background Check Sites & Services: Search Criminal Records and Social Media Accounts Online (28 Jul 2021)

 

It pays to search for top-quality auto shop (6 Feb 2021)

 

Fired Boeing CEO is now working with Bay Area tractor startup (14 Dec 2020)

 

PG&E bills to rise over per year on average to fund wildfire risk reduction (5 Dec 2020)

 

Nasdaq seeks more diversity on boards of companies listed on exchange (2 Dec 2020)

 

Elizabeth Holmes Prosecutors Say Texts Show Theranos Beset With Problems (24 Nov 2020)

more »


Site feed Updated: 2021-Oct-15 09:00