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

 

Hoda Muthana: Trump says IS woman barred from US return (20 Feb 2019)

 

Dhaka fire: Blaze kills dozens in building (21 Feb 2019)

 

India Catholic Cardinal Oswald Gracias ‘failed abuse victims’ (21 Feb 2019)

 

Jussie Smollett charged with filing a false report - police (21 Feb 2019)

 

US Coast Guard officer Hasson 'planned terror attack' (21 Feb 2019)

 

Beverley Bass inspires new musical Come From Away (21 Feb 2019)

 

UK ruling party MPs join breakaway group (20 Feb 2019)

 

Samsung unveils foldable smartphone (20 Feb 2019)

 

Ana Brnabic: Gay partner of Serbian PM gives birth (20 Feb 2019)

 

Shamima Begum will not be allowed here, Bangladesh says (21 Feb 2019)

more »

 

SF Gate

 

Ship traffic, February 21 (20 Feb 2019)

 

Walmart beats expectations in holiday season earnings (20 Feb 2019)

 

Twitter tightens up EU political ad rules ahead of election (19 Feb 2019)

 

US, China resume trade talks in Washington ahead of deadline (19 Feb 2019)

 

Honda to shut plant in Brexit-shaken Britain (19 Feb 2019)

 

Ship traffic, February 20 (19 Feb 2019)

more »


Site feed Updated: 2019-Feb-20 18:00