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

 

Zimbabwe latest: Ruling Zanu-PF urges Mugabe to step down (17 Nov 2017)

 

Brexit: EU gives May two weeks to act on divorce bill and Ireland (17 Nov 2017)

 

Four die as aircraft and helicopter crash in mid-air near Waddesdon (17 Nov 2017)

 

Iranian boy leads friend to food video (17 Nov 2017)

 

Argentine navy loses contact with submarine (17 Nov 2017)

 

Dog owners have lower mortality, study finds (17 Nov 2017)

 

Fireball in Finland sky 'probably a meteorite' (17 Nov 2017)

 

Fantastic Beasts 2: First look at Jude Law's young Dumbledore (17 Nov 2017)

 

Jesse Jackson diagnosed with Parkinson's (17 Nov 2017)

 

Ohio Supreme Court Judge Bill O'Neill brags of sex conquests (17 Nov 2017)

more »

 

SF Gate

 

Bay Area News (7 Jan 2012)

 

City Insider (11 Feb 2012)

 

Crime Scene (13 Feb 2012)

 

C.W Newius Column (10 Jan 2012)

 

C.W. Nevius Blog (11 Feb 2012)

 

Education News (10 Jan 2012)

 

KALW (11 Feb 2012)

 

Matier and Ross Blog (11 Feb 2012)

 

Broadcom buys Brocade; Game Awards set; HomePod delayed (17 Nov 2017)

 

Stitch Fix’s IPO in the shadow of Amazon (17 Nov 2017)

 

Ship traffic, Nov. 20 (17 Nov 2017)

 

Ship traffic, Nov. 19 (17 Nov 2017)

 

Ship traffic, Nov. 18 (17 Nov 2017)

 

Tesla, adding to its ambitions, wants to electrify big trucks (17 Nov 2017)

more »

 


Site feed Updated: 2017-Nov-17 15:00