Feb 8, 2015
This episode is a review
of the book
Cashing in on the American Dream: How to Retire at
35 by Paul Terhorst. Paul and his wife Vicky have
been living the early retirement lifestyle successfully for the
last 30 years, as perpetual travellers. This book was written back
in the 1980s and was one of the first books to suggest a strategy
for financial independence.
The book is aimed towards employees (rather than entrepreneurs) and especially people in well-paid jobs. Paul discusses how to tackle the challenges of quitting a lucrative career and radically changing your lifestyle. His strategy is an early example of the extreme saving approach that I discussed in my presentation on four ways to quit the rat race.
The investment suggestions in the book are out of date now and all the numbers have to be doubled for inflation, however it still contains a lot of useful ideas that will be of interest to anyone aiming for financial independence.
Show Notes
The book is aimed towards employees (rather than entrepreneurs) and especially people in well-paid jobs. Paul discusses how to tackle the challenges of quitting a lucrative career and radically changing your lifestyle. His strategy is an early example of the extreme saving approach that I discussed in my presentation on four ways to quit the rat race.
The investment suggestions in the book are out of date now and all the numbers have to be doubled for inflation, however it still contains a lot of useful ideas that will be of interest to anyone aiming for financial independence.
Show Notes
- Cashing in on the American Dream: How to Retire at 35 by Paul Terhorst
- Paul and Vicky's Website
- Article about Paul Terhorst now
- Four Ways To Quit The Rat Race presentation
