Early Retirement Extreme

The Early Retirement Extreme (ERE) strategy is a lifestyle and financial approach aimed at achieving financial independence and early retirement.

It emphasizes simple living, anti-consumerism, DIY ethics, self-reliance, and resilience.

The strategy involves managing personal finances like a flexible and efficient business, focusing on maximizing savings and minimizing unnecessary expenses.

Pros:

• High Savings Rate: ERE encourages saving a significant portion of income, often 40-80%, which can accelerate the path to financial independence.
• Frugality and Efficiency: By living simply and efficiently, individuals can reduce their cost of living, making it easier to sustain themselves on a smaller retirement fund.
• Self-Reliance: Encourages developing skills and habits that reduce dependency on external services, which can lead to cost savings and increased resilience.