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The way to ER immediately?
Old 10-13-2013, 06:52 PM   #1
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The way to ER immediately?

Take a look at Dan Price's ultra-cheap lifestyle, starting with the home he built from scrap wood that he calls his 'hobbit hole.'

Living on $5,000 a year, on purpose: Meet America's 'intentional poor' - In Plain Sight
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Old 10-13-2013, 07:19 PM   #2
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not for everybody, for sure.
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Old 10-13-2013, 08:21 PM   #3
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LOL, Would it have been such a waste to build his hut tall enough to stand up in?
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Old 10-13-2013, 08:25 PM   #4
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It is food for thought on what does it really take to be happy. 1800's farmers probably weren't all unhappy because they didn't a have a modern lifestyle they didn't even know existed.

It certainly is quicker and simpler to learn to be happier with very little than it is to build up huge amounts of savings.
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Old 10-13-2013, 09:19 PM   #5
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Strictly speaking, this lifestyle is not ER but ESR (Early Semi Retirement) as they still have to generate some earned income, no matter how little.
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Old 10-13-2013, 09:36 PM   #6
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Take a look at Dan Price's ultra-cheap lifestyle, starting with the home he built from scrap wood that he calls his 'hobbit hole.'

Living on $5,000 a year, on purpose: Meet America's 'intentional poor' - In Plain Sight

I lived like that before I retired in order to save as much money as possible
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Old 10-13-2013, 09:45 PM   #7
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During the winter, he decamps to Hawaii to surf and avoid the harsh weather.
How does he manage that on $5,000 / year?
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Old 10-13-2013, 10:09 PM   #8
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Same way al these ER wunderkinder do it- he lies.

Ha
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Old 10-13-2013, 10:25 PM   #9
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"I live in a hole in the ground. It is great!"
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Old 10-13-2013, 10:52 PM   #10
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He had to leave his stressful job as a photojournalist in Kentucky. Is that on any list of stressful jobs? Another story that just screams for the other side of it.

Regardless, he should find a Hawaiian hobbit hole to live in year round.
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Old 10-13-2013, 11:13 PM   #11
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"I live in a hole in the ground. It is great!"
I wonder if he is at least knowledgeable of GEICO? Perhaps his iPad keeps him up-to-date on insurance...

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Old 10-13-2013, 11:41 PM   #12
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I know someone just like that guy (looks like him too), except he had the good sense not to have kids.
He really was happier with less. We were roommates in the late seventies when he inherited a fortune - about 100k. On advice from others, he bought a house and a new Toyota pickup, got married, finished his teaching degree. Lasted about three years.
Today he lives in Hawaii (in someones garage) and works at a healthfood store, plays beach volleyball and seems happy.
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Old 10-14-2013, 02:29 AM   #13
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Think that would dissolve my marriage too.
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Old 10-14-2013, 02:42 AM   #14
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IMO it is a matter of exploring what one really wants and paying the full price to get it.

But the individual should be aware that the wants might not be permanent ones.
So burning bridges (like losing contact to kids, friends and family) could backfire if the wants change.

Also, the price for extreme lifestyle is that there will be less options for change the older the individual gets.
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Old 10-14-2013, 07:43 AM   #15
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Nice recumbent trike. They start out at about $2600 + tax for the cheapest ones. Doesn't leave much of the $5k to live on that first year.
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Old 10-14-2013, 08:54 AM   #16
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Nice recumbent trike. They start out at about $2600 + tax for the cheapest ones. Doesn't leave much of the $5k to live on that first year.
Nah, I built mine from scrap parts for $200, then added a hub motor for steep hill assist for another $80 (they are rough on hills but oh so comfortable on the butt).

Helps if you know how to TIG weld aluminum though...
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Old 10-14-2013, 10:16 AM   #17
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I wonder if he is at least knowledgeable of GEICO? Perhaps his iPad keeps him up-to-date on insurance...

What does he care about GEICO car insurance? He has no car.

However, he would want healthcare, and I wonder if he has been able to get through healthcare.gov with his MacBook Air.
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Old 10-14-2013, 10:22 AM   #18
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What does he care about GEICO car insurance? He has no car.

However, he would want healthcare, and I wonder if he has been able to get through healthcare.gov with his MacBook Air.

I was wondering about toilet and bathing facilities more than anything else. Regarding the Hawaii trip, I used to work with a guy who previously had spent several years living on a beach in Hawaii
Life's a beach for some homeless in Hawaii - USATODAY.com
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Old 10-14-2013, 10:39 AM   #19
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Where does he get power from?..
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Old 10-14-2013, 10:40 AM   #20
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What's round trip airfare to Hawaii these days? That's got to eat up a bit of his $5,000. I suspect he's not counting any welfare benefits he may be getting, like food stamps. That said, at least he's not living under a bridge or on the street. And there is something to be said for the simple life, or as my DW likes to say: "He who owns little is little-owned".
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