Early Retirement Extreme (by Jacob Lund Fisker)

• Renaissance man: broad knowledge and skills, physical fitness, creativity, fiancial competence, social connections and skills. On top of this simple affordable lifestyle.
• Competence areas:
  • Physiological
    • Fitness
    • Nutrition
    • First aid, other basic medicine
  • Intellectual
    • Learning and information acquisition skills
    • Synthesizing different fields
    • Creative problem solving
  • Economic
    • Price vs. value
    • Planning
    • Basic markets understanding: stocks, bonds, commodities, real estate
    • Basic accounting
  • Emotional
    • Resilience
    • Know yorself
    • Emotional control
  • Social
    • Know people around you
    • Group dynamics
  • Technical
    • Use, understand, repair technology
    • Assess professional work
  • Ecological
    • Know plan species
    • Growing plants
    • How do ecosystems work
• A specialist earns good money in one area but has to pay money in all other areas. In contrast, a renaissance man can earn money or break-even in most areas, so there's no need for high income.
• Renaissance lifestyle:
  • Reduce wants,
  • Learn to produce yourself what you need as much as possible,
  • Reduce waste, reuse, recycle,
  • Buy things that last and require little maintenance (ideally you should be able to maintain them yourself).
  • Focus on productive assets rather than stuff.
  • Focus on developing skills instead of passive entertainment.
• Resist lifestyle expansion. Reduce and simplify. Get rid of things that you don't use.