Maximize utility from resources to increase savings from "summary" of Early Retirement Extreme by Jacob Lund Fisker
To achieve financial independence as quickly as possible, it is essential to make the most of the resources available. This means being mindful of how each resource is used and ensuring that it is utilized in a way that maximizes its value. By focusing on increasing utility from resources, it becomes easier to save more money and move closer to the goal of early retirement. One way to maximize utility from resources is to adopt a minimalist lifestyle. This involves cutting out unnecessary expenses and only spending money on things that truly add value to life. By being intentional about how money is spent, it becomes easier to save a larger portion of income and increase savings over ...
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