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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The investment suggestions in the book are out of date now and all the numbers have to be doubled for inflation, however it still contains a lot of useful ideas that will be of interest to anyone aiming for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

193 Cashing In On The American Dream By Paul Terhorst