While researchinga recent column, I came across some books on early retirement. I thought it might be interesting to pass on a list here in the blog.
A book that just came out (after I had compiled the list) is Jacob Fiskers Early Retirement Extreme. Fisker retired at the age of 33after “figuring out how to spend very little money byliving simply and learning many skills to become more self-sufficient.He spent over 2 years writing/editing the book so it sounds like a substantial treatment.
Here is the list of early-retirement booksassembled so far. If I missed any, let me know.
Cashing in on the American Dream, How to Retire at 35Paul Terhorst First published in 1988, this groundbreaker is considered one of the granddaddies of the genre. The basic theme: if you want to be free of working for others, you have to give up some things and put your savings into assets paying income. After several years of working as an accountant, Terhorst sold his car and house, put the proceeds into conservative investments and went off traveling the world with his wife.
The Joy of Not Working: A Book for the Retired, Unemployed and OverworkedErnie J. Zelinski This book first came out in 1990and is another of the granddaddies. Its an impassioned call to take the leap and start doing what you love to do. In Mr. Zelinkis case, he left his engineering job and found his passion in the writing, speaking and consulting fields. His other books include How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won’t Get from Your Financial Advisor(said by some to be his best).
The Adventurer’s Guide to Early Retirement: A Common Sense ApproachBilly & Akaisha Kaderli The Kaderlis retired nearly 20 years ago in their late 30s to travel the globe. They put their $500,000 nest egg in a low-cost index fund, which grew through the 1990s boom and is still ahead despite market downturns in the 2000s. They also sold their house when they retired, and lived on an average of $24,000 a year (thanks to lower costs in other countries).
Your Money or Your Life Vicki Robin et al This book is an inspirational call to cutting out all the frills to achieve early retirement. Careful tracking of expenditures is stressed. The 2008 update no longer mentions investing your nest egg in government bonds like the original version did when it came out in1992.
You CAN Retire Young: How to Retire in Your 40s or 50s Without Being RichLarry Ferstenou et al The author shares how he and his wife were able to retire young.
Other early retirement books (thumbnail reviews for some to come)
Retire Smart Retire Happy: Finding Your True PathNancy K. Schlossberg
How to Survive Without a SalaryCharles Long
The 4 Hour WorkweekTimothy Ferriss
Your Complete Guide to Early RetirementSandy Baker
Work Less, Live More: The Way to Semi-RetirementBob Clyatt
The Boomer’s Pocket Guide to an Early RetirementJohn J. Hadel
The Complete Idiot’s Guide to Retiring EarlyDee Lee and Jim Flewelling
From Rags to Retirement, How I retired at 42 using Low Risk High Effort Unconventional MethodsE.K. Austin
Every Day’s A Weekend: An Insider’s Guide to Early Retirement and Exotic TravelNewton Hockey
Stop Working, Start LivingDianne Nahirny
Stop Working! Heres How You CanDerek Foster
Why Swim with Sharks?Henry Dembicki and Diana Salomaa