Dalelorenzo's GDI Blog
18Sep/210

Lucid says its first electric car drove 445 miles from Los Angeles to San Francisco without charging, easily besting Tesla’s range

Lucid Air Lucid Air.

In a range assessment with Motortrend, the Lucid Air drove 445 miles on a charge with energy to spare. Tesla has led the range game for years with the Model S, which has an EPA range of 405 miles. Coherent claims its $169,000 Air Dream can advance up to 517 miles on a full battery. See more narrations on Insider's business sheet.

Electric-vehicle startup Lucid Motors is on the cusp of delivering its first vehicle: the Air sedan. But it was better faces the daunting task of persuading buyers to go with an untested upstart over a confirm EV maker like its biggest contender, Tesla.

There's one key border that Lucid may have over Elon Musk: wander. Lucid proved that the Air passes Tesla's best automobiles a run for their fund and then some during a recent wander in the car with Motor Trend.

Lucid claims the limited-run Air Dream Edition, its first vehicle, can pass up to 517 miles on a full artillery, over 100 miles more than the Tesla Model S, which has dominated the wander game for years.

Motor Trend drove an Air 445 miles from Los Angeles to the Bay Area on a single blame and memo 30 miles of straddle remained, a achievement that would otherwise have been inconceivable precisely a few years ago.( Tesla crossed the 400 -mile-range threshold just last year ). The outlet made the journey with Lucid CEO Peter Rawlinson, whose identical vehicle testified 72 miles of accusation left, lending up to a total range of 517 miles.

Read more: Rivian rival Lucid's CEO says he retarded his $77,000 EV by almost one year because he can't gamble on quality control:' We have one shot at this '

Range is a top consideration for EV buyers who want to comfortably take long jaunts even as charging infrastructure in the US lags. That Lucid can raise a vehicle with a assortment so far ahead of the event( albeit at a high price) bodes well for the future development in the murderer and increasingly bundled EV space.

Motor Trend and Rawlinson originated the tour in a duo of Dream Edition Range representations, which Lucid announced on Wednesday would be an available balance in addition to Dream Edition Performance representations. The Performance version promises 1,111 horsepower and a 2.5 -second 0-60-mph epoch, while the Range variant is more geared toward squeezing out mileage. It still claims a bonkers 933 horsepower.

Both vehicles start at $169,000, but Lucid has more inexpensive autoes in the pipeline. Lucid delayed the Air's launch from the springtime and plans to start shipping Airs by late 2021.

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11Jul/210

Psaki says stepping up IRS enforcement would ‘raise a great deal more’ to pay for infrastructure than a gas tax increase

white house press sec jen psaki White House Press Secretary Jen Psaki speaks during a news briefing at the White House, Thursday, March 4, 2021.

The White House quarrels stepping up IRS enforcement would web more new money than growing the gas excise. Press Secretary Jen Psaki said on Monday it would "raise a great deal more." The organisation also wants to avoid raising rewards on electric-vehicle motorists while parent more from the wealthy. See more legends on Insider's business page.

White House Press Secretary Jen Psaki pushed back against a gas tariff overture under consideration in the Senate, as she was contended that ramping up IRS enforcement would net more revenue.

At a Monday press conference, Psaki said the administration had projected that the bipartisan group's planned gas taxation measure would heighten around $40 billion in revenue.

The Biden administration is propagandizing to pour $80 billion into the IRS as part of its infrastructure strategies. The White House contemplates it as a key course to generate brand-new revenue from wealthy Americans who pay little or nothing in federal taxes every year.

She said additional tariff enforcement "would create a great deal more, by multiples of what the gas duty would heighten, " while she also mentioned "it would fall on mainly wealthy Americans and merely ensure they're compensate the taxes they owe."

A March study from IRS researchers and academics indicated that the top 1% of Americans fail to report about a quarter of their income to the IRS. Then underreporting incomes is twice as high-pitched for the top 0.1%, the research found.

Psaki also said the administration opposes a brand-new freight for electrical vehicle drivers - which most Republican aid - because it wants to spur growth in that manufacture. Electric autoes exclusively make up 2% of new automobiles and 1% of all vehicles on American arteries, The New York Times reported .

"The president wants to grow the electrical vehicle manufacture, wants more people to buy electric vehicles, wants to make them accessible to people across the country, " she said. "That will help our environment[ and] help create jobs in that industry as well."

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29Jun/210

Bangladeshi ride-sharing startup nets $750k in seed money

The fellowship aims to move transportation more affordable and accessible for people in developing countries.

Read more: techinasia.com

26Jun/210

Ford’s $30B investment in electric revs up in-house battery R&D

Ford is increasing its investment in its electrical vehicle future to $30 billion by 2025, up from a previous deplete of $22 billion by 2023. The companionship announced the fresh cashflow into its EV and battery developing strategies, dubbed Ford +, during an investor day on Tuesday.

The company said it expects 40% of its global vehicle volume been sufficiently electrical by 2030. Ford sold 6,614 Mustang Mach-Es in the U.S. in Q1, and since it launched its F-1 50 Lightning last week, the company says it has already amassed 70,000 patron bookings.

The Ford+ design divulges the brand-new itinerary automakers will have to take if they want to keep up with an EV future. Historically, China, Japan and Korea have owned much of the world’s battery manufacturing, but as major OEMs begin improving electric cars, the demand is far outstripping supply, forcing car manufacturers to invest their own resources into development. General Motors is building a artillery factory with LG in Ohio, and BMW connected Ford to invest in solid state artillery startup Solid Power.

This investment “underscores our mind that production-feasible solid state batteries are within reach in this decade, ” said Hau Thai-Tang, Ford’s chief product platform and procedures man, during the investor day. “Solid Power’s sulphide-based solid electrolyte and silicon-based anode chemistry delivers impressive artillery improvements in performance, including increased range, lower cost, more vehicle interior cavity and more efficient cost and greater safety for our customers.”

The solid state battery manufacturing process doesn’t differ too much from the existing lithium ion battery process, so Ford will be able to reuse about 70% of its manufacturing pipelines and capital investment, according to Thai-Tang.

Ford unveils the F-1 50 Lightning, its all-electric pickup truck that will start under $40,000

At Ford’s Ion Park facility, a artillery R& D center Ford is building in Michigan , the automaker brings together a team of 150 experts to research and create a game plan for the next generation of lithium ion chemistries and Ford’s brand-new energy-dense battery technology, the Ion Boost +.

“Our ultimate goal is to deliver a holistic ecosystem including business that should allow us to achieve higher profitability over hour with BEVs than we do today with ICE vehicles, ” said Thai-Tang.

The Ion Boost+ ’s unique cell sack format is not only standard for powering Ford’s larger vehicles, but it could also help the company reduce battery expenses 40% by mid-decade, the company says.

“The cell chemistry, coupled with Ford's proprietary battery control algorithm sport high-pitched accuracy sensing engineering, delivers higher efficiency and range for customers, ” said Thai-Tang.

For commercial vehicles, Ford is working on a battery cadre attained with lithium ion phosphate chemistry, which it’s calling the Ion Boost Pro, which it says is cheaper and better for obligation cycles/seconds that require less range.

Giving EV batteries a second life for sustainability and profit

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3May/210

SpaceX has safely landed 4 astronauts in the ocean for NASA, completing the US’s longest human spaceflight

spacex crew1 NASA's Crew-1 mission crew members in SpaceX's Crew Dragon spacecraft( left to right ): NASA cosmonauts Shannon Walker, Victor Glover, and Mike Hopkins, as well as JAXA astronaut Soichi Noguchi.

SpaceX's Crew Dragon Resilience spaceship has returned to Earth and acre in the Gulf of Mexico. The four astronauts inside accomplished a six-month stint on the International Space Station. SpaceX, meanwhile, completed its first routine astronaut flight for NASA, with five more proposed. See more storeys on Insider's business sheet.

SpaceX just returned its first full cosmonaut gang to Earth, completing the longest human spaceflight any US vehicle has ever flown.

The astronauts of the Crew-2 goal - Shannon Walker, Victor Glover, and Mike Hopkins of NASA, and Soichi Noguchi of the Japan Aerospace Exploration Agency( JAXA) - felt the drag of Earth's seriousnes for the first time in six months as their Crew Dragon spaceship tore through the atmosphere early Sunday. The spaceship, which they've identified Resilience, protected them as its quickened superheated the breath around it to a 3,500 -degree-Fahrenheit plasma.

A few miles above the oceans and seas, four parachutes ballooned from the gumdrop-shaped capsule, yanking it into a slower drop. They gently lowered Resilience to a splashdown in the Gulf of Mexico at 2:57 a.m. ET. The waves were tranquilize and the weather was clear. This was NASA's first nighttime splashdown since 1968.

crew-1 splashdown A thermal camera on a nearby NASA plane captivated the Crew Dragon parachuting into the ocean.

"On behalf of NASA and the SpaceX units, welcome you back to planet Earth. Thanks for flying SpaceX. For those of you enrolled in our frequent flyer platform, you have earned 68 million miles on this trip, " a mission controller quipped to the Crew-1 cosmonauts as they splashed down.

"We'll make those miles. Are they transferable? " Hopkins responded.

The astronauts' return to Earth concludes SpaceX's firstly routine crewed mission to the International Space Station( ISS ). That's where Walker, Glover, Hopkins, and Noguchi have been living and working since they launched in November.

SpaceX first proved it could launch and moor humans last year when it rocketed NASA cosmonauts Bob Behnken and Doug Hurley to the ISS for a two-month test flight. Now it has shown that it can carry out full-length crew rotations.

nasa space x There were 11 humans aboard the International Space Station last week.

NASA has contracted five more round-trip flights from SpaceX. The next one, Crew-2, once delivered four more cosmonauts to the ISS last weekend. Walker, Glover, Hopkins, and Noguchi accosted their Dragon-flying peers with smiles and grips. The football-field-sized orbiting laboratory was crowded with 11 beings during the week that the two missions overlapped.

But on Saturday evening, the Crew-1 astronauts said goodbye and climbed back into the Crew Dragon Resilience.

The capsule undocked from its ISS port and fell into orbit around Earth, gradually ordering up with a direction to its splashdown place in the course of the coming 6.5 hours.

"This crisscross numerous important milestones, but it really is important for getting a regular cadence of gang to the station and back, " Steve Jurczyk, NASA's acting executive, said after the Crew-2 launch.

"What we do on ISS is important not only for the research and technology development that we do for here on Earth but likewise to prepare for what we're going to do in the future, " he supplemented. "Our ultimate goal is sending astronauts to Mars."

Having merriment and offsetting biography 250 miles above Earth

crew 1 astronauts iss spacex crew dragon Left to right: Mike Hopkins, Soichi Noguchi, Shannon Walker, and Victor Glover gather around a laptop computer to join a video gathering on February 7, 2021.

Walker, Glover, Hopkins, and Noguchi deported hundreds of science and technology experiments during their time in orbit. They did a few spacewalks. They likewise relocated the Crew Dragon from one ISS docking port to another - a first for the spacecraft.

The crew celebrated Glover's 45 th birthday on Friday, their last-place full daytime on the ISS. The defendant boasted cake, musical instruments, and balloons.

-NOGUCHI, Soichi Ye Kou Cong Yi( noguchi souichi) (@ Astro_Soichi) April 30, 2021

"Gratitude, wonder, connect. I'm full of and motivated by these feelings on my birthday, as my first mission to space comes to an end, " Glover, who is the mission pilot, tweeted. "This orbiting laboratory is a true testament to what we can accomplish when we work together as a team. Crew-1 is ready for our razz residence! "

Glover was a rookie at the beginning of this mission, but Noguchi is a spaceflight veteran. He's depleted more than a year of his life in space and has flown on three different spacecraft. He said after the launching that Crew Dragon was the best.

soichi noguchi spacex spacesuit iss crew 1 Soichi Noguchi poses with his SpaceX Crew Dragon spacesuit inside the International Space Station.

Hopkins, the mission commander, has had to sleep inside the spaceship for the last five months since the ISS didn't getting enough bunks. That demonstrated him the only room with a space 250 miles above Earth. The ends were "absolutely stunning, " he told reporters last week.

As their divergence date approached, the astronauts wondered what the Crew Dragon had in store for them.

"We don't know relatively what to expect landing on the liquid under parachutes like this, " Walker said. "And it's really exciting that we get to go home and determine our friends and family."

demo2 splashdown parachutes crew dragon landing spacex The Crew Dragon Endeavour parachutes into the Gulf of Mexico with Demo-2 astronauts Bob Behnken and Doug Hurley onboard, August 2, 2020.

Their return trip was originally scheduled for Wednesday, then for Saturday morning, but NASA rescheduled twice after calculates foresaw high winds in the splashdown zones.

Akihiko Hoshide, a JAXA astronaut on Crew-2, has taken over the role of ISS commander. He spoke to the Crew-1 cosmonauts over the radio as their spaceship backed away from the station: "Resilence departed. Have a safe errand back home and a soft landing."

"Thanks for your hospitality, " Hopkins reacted. "Sorry, we stayed a little bit long. And we'll told you back on Earth."

'A new age of room journey'

elon musk spacex demo 2 launch nasa Elon Musk celebrates after SpaceX's Falcon 9 rocket and Crew Dragon spacecraft propel their first astronauts on the Demo-2 operation, at NASA's Kennedy Space Center in Cape Canaveral, Florida, May 30, 2020.

NASA shares its Mars aspirations with Elon Musk, the founder, CEO, and bos designer of SpaceX. So far, SpaceX seemed to be the agency's first-choice commercial marriage in expanding human spaceflight.

NASA recently chose the company's Starship mega-spaceship to region cosmonauts on the moon for the first time since 1972. However, work has been temporarily halted after rivalling houses Dynetics and Blue Origin registered complaints.

"The future's looking good, " Musk said in a press conference after the Crew-2 opening. "I think we're at the dawn of a brand-new age of cavity exploration."

That period begins in low-Earth orbit, with the six Crew Dragon missions NASA has obtained. So far, this is the only commercial spaceship ever to fly humans - and it's done so for three crews.

crew dragon endeavour crew 2 spacex iss arrival The Crew Dragon Endeavour approaches the International Space Station with the Crew-2 astronauts on board, April 24, 2021.

Those assignments recovered NASA's ability to launch astronauts from the US for the first time since the last Space Shuttle flew in 2011. The Crew Dragon too throws other seat bureaux, like JAXA, an alternative to the Russian Soyuz projectiles that have predominated human spaceflight for the last decade.

This was what NASA wanted from its Commercial Crew Program, which money SpaceX to build Crew Dragon and educate its Falcon 9 rockets for crewed launches. NASA did the same for Boeing's Starliner spaceship, but that vehicle has to re-do an uncrewed mission to the ISS before it can fly humans.

To the moon and Mars

starship moon human landing system Illustration of SpaceX Starship human lander design that will carry NASA cosmonauts to the Moon's surface during the course of its Artemis mission.

Through the partnerships fostered in the Commercial Crew Program - and using its own mega-rocket, the Space Launch System - NASA aims to articulated boots on the lunar surface in 2024. Musk has said he thinks this timeline is "doable, " though NASA's Office of the Inspector General recently resolved it is "highly unlikely."

Whenever it happens, that operation would knock NASA's Artemis program into full gear. The eventual purpose is to ascertain a permanent human presence on the moon - picture ISS-like orbiting laboratories and research terminals on the lunar surface. NASA plans to send human goals to Mars from there.

Musk has his own means, including house SpaceX's proposed Starship-Super Heavy launch system and using it to build a self-sustaining settlement on Mars. For now, Starship prototypes are still trying to fly and land without exploding.

sn10 starship A snapshot from a SpaceX livestream of a Starship prototype flying up to 6 miles above Texas.

SpaceX too plans to start launching private spaceflight missions for paying clients. The first, set to launch this year, is called Inspiration4. For that flight, billionaire Jared Isaacman acquired four benches on Crew Dragon Resilience - the same vessel that merely splashed down in the oceans and seas. He and three other civilians plan to take a three-day joy ride around Earth.

"I think it's a good thing for human spaceflight to see more and more beings coming up into orbit around Earth. It's time an stunning experience, " Mike Hopkins told reporters in a label from the ISS last week when asked how he felt about civilians flying in the spaceship he's been commanding.

"As we look to kind of transition low-Earth orbit to the business manufacture, this is a big step along that space. And then NASA can continue to focus on exploration and getting back to the moon and on to Mars."

This is a developing story.

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24Apr/210

Uber is reopening its San Francisco offices, but only at 20% capacity, and staff can decide whether or not to return

GettyImages 1176816141 (1) NEW YORK, NEW YORK - SEPTEMBER 24: Dara Khosrowshahi, CEO, UBER, speaks onstage during the 2019 Concordia Annual Summit - Day 2 at Grand Hyatt New York on September 24, 2019 in New York City. (Photo by Riccardo Savi/Getty Images for Concordia Summit) Uber CEO Dara Khosrowshahi.

Uber plans to reopen its Mission Bay, San Francisco office on March 29, it announced Thursday. The Uber offices would reopen at 20% capacity and staff will have to wear face masks, it said. Return to the office is voluntary, Uber said. See more narratives on Insider's business page.

Uber said on Thursday it planned to reopen its offices at Mission Bay, San Francisco, with 20% residence on March 29, and provision an option for its staff to return to work on a "voluntary basis."

The ride-hailing firm had previously announced the increase of its work-from-home policy until September 13.

The hires returning to office would have to adhere to COVID-1 9 protocols such as face extends during the course of its initial reopening time, maintaining safe interval, and obliterating down areas such as their tables, Uber said in a statement.

Read more: If you want to ask your boss to let you work from home forever, use this write

The company also said that employees or those with family members who are sick would be required to stay home.

There is growing momentum for companies to let hires drive from dwelling permanently , and some business are canceling office leases. In November, Uber introduced more than 25% of its vast new office in lower Manhattan on the market for sublease, sources told Insider.

In a recent examine from workplace-technology firm Envoy, 47 % of respondents indicated that they would leave their current position if their corporation didn't offer a hybrid alternative post-pandemic.

Google seems to be trying to buck the trend. Last-place week, the tech monster announced plans to invest$ 7 billion in US agencies and data centers, including new bureaux in Houston, Texas, and Portland, Oregon.

"Coming together in person to collaborate and build community is core to Google's culture, and it will be an important part of our future, " Google CEO Sundar Pichai said.

And as the COVID-1 9 vaccine rollout ramps up across the US, with President Joe Biden saying all adults would be eligible for the punch by May 1, some employers are mandating staff to return to the office.

The New York Times was pointed out that New York City is involving around 80,000 borough laborers to return to the office on a floundered basis from May 3.

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26Mar/210

Infiniti’s new chief lays out his grand plan to revive the flailing luxury brand, whose sales have dropped 50% since 2017

Infiniti QX55
New Infiniti chairman Peyman Kargar highlights the just-released QX55 as a sign that the brand's fortunes are turning around.

Infiniti has struggled in recent years, seeing sales fall far behind those of its competitors.
Their cars are "nice enough, but not class-leading or world-beating," one analyst said.
New chairman Peyman Kargar intends to revive the brand with a few key moves.
See more stories on Insider's business page.

Peyman Kargar has a big new job. Appointed in June of 2020 as the chairman of Nissan's up-market Infiniti line, he has taken the helm of a brand in free-fall. Since 2017, Infiniti has seen its sales decline by 50%, one of the steepest plummets in recent automotive history. Last year, the brand sold just 79,000 vehicles in America. Lexus sold 275,000 and increased their market share by nearly 7%. Even Buick sold 162,000 cars. Ford sells about 79,000 F-series pickups every month.

But when we asked Kargar if the brand was in a troubled position, he denied it. "I wouldn't say in trouble," he said. "I would say Infiniti is not giving the maximum of its potential." Clarifying further, he claimed that the brand wasn't thriving for one simple reason. "We didn't bring enough new products to our customers."

This seems like a major issue for a company that's business is selling new cars, especially ones that should exhibit the leading edge of technology and engineering; systems developed for high-end Infinitis should trickle down into mainstream Nissans.

Infiniti chairman Peyman Kargar
Kargar is charged with reviving a brand whose sales have dropped 50% in the past few years.

However, Kargar claimed that the other two "pillars" of the brand beyond product-people, and network-were in fine order. "We have one of the highest levels of satisfaction with customers," he said, neglecting the fact that, in February, Consumer Reports' annual ranking of customer brand satisfaction placed Infiniti dead last.

Moreover, the marque's identity seems murky. "If you think about Infiniti fifteen years ago, the brand message was pretty clear. It was trying to be a Japanese BMW. Performance-oriented, handling-oriented," said Ed Kim, vice president of industry analysis for automotive research firm AutoPacific.

"Over the past decade, the Infiniti lineup has pulled away from this positioning, and it has moved to a positioning that I think is very hard for people to understand or define." Announcements about plans to return the brand to its former positioning, or move it to fully electric-powered platforms-followed by immediate rescinding-did not help clarify things.

According to Kim, this time period has also seen a steep decline in the innovative and compelling nature of the brand's vehicles. "Their products have generally been nice enough, but not class-leading or world-beating," he said. In fact, the offerings have declined to such a degree that the brand must offer strong discounts to bring in customers, competing not with Audis or BMWs, but with well-equipped Hondas. "It's kind of become a price brand, as opposed to a brand that people might lust after," Kim said. "And with a premium luxury brand, value and price is not really the image you want to associate with."

INFINITI QX55
The QX55 we tested featured the same joy-sapping continuously variable transmission Nissan has been saddling its vehicles with for years, as well as uninspired handling, Kia-level materials.

Finally, the brand has failed to distinguish itself from its parent, Nissan. Shared platforms and power trains are necessary to achieve the economies of scale required in the contemporary auto industry. But a premium brand must feel superior in various categories-including driving dynamics, material quality, performance, design, and owner experience-to justify its price and positioning. Infiniti's recent products have not accomplished this. "The QX60 was just a re-skinned Pathfinder," said Kim. "If you drove the cars back-to-back, they drove exactly the same. It's not like the QX60 was even quieter or more refined."

Kargar claimed that the brand's new mission would rectify these issues by focusing on "reconnecting to our heritage and making sure that we are protecting our main values." These values, according to him, include being "daring, forward, and human-centric, and to be able to offer really attractive products related to these values." He also emphasized uniqueness and innovation, and being a brand that "never tried to copy and paste others."

He held up as an example the just-released QX55, a five-passenger, five-door crossover coupe that brings Infiniti back to a category it helped originate in the early 2000s with its high-riding, high-powered FX. Though the QX55 features handsome, creasy styling, and though Kargar touted the fact that Infiniti is "going to be the only Japanese carmaker coming with a crossover coupe," its shape and dimensions mimic almost exactly those of the Mercedes-Benz GLC Coupe, Audi Q5 Sportback, and BMW X4, and follows a format that Honda's premium brand Acura used back in 2009 with its ZDX.

Infiniti QX60 Monograph
"The QX60 Concept looks nice and it obviously doesn't look like a Pathfinder," said analyst Ed Kim.

Kargar also cited the forthcoming QX60, the final design of which has not been locked, but which he said would adhere closely to the smoothly elegant QX60 Monograph concept the brand has shown recently.

Kim vouched for these designs, with a caveat. "The QX55 is genuinely pretty, and the QX60 Concept looks nice and it obviously doesn't look like a Pathfinder," he said. "But it doesn't cost any more money to style a really good looking car than a bad looking car." Styling, thus, doesn't evince real investment. He said that the proof will come only when critics and consumers can drive these vehicles. "If we can tell that a QX60, in its drive experiences, is worth the extra price, and whether the QX55, with its nice styling, is able to justify the premium over a mainstream brand product or against other sporty crossovers in the segment."

Our recent time in the QX55 suggests that the answer is, sadly, no. The model we tested, which was priced at $58,000 with options, featured the same joy-sapping continuously variable transmission Nissan has been saddling its vehicles with for years, as well as uninspired handling, Kia-level materials, and a confounding split-screen infotainment system with a crisp but dysfunctional lower screen, and a woefully outdated and fuzzy upper navigation interface pulled right from the Nissan parts bin, circa 2009.

Perhaps the next round of products will make good on Kargar's more elusive promises. But with parent company Nissan slashing non-core models as it continues to dig out of its fiscal quagmire, and new premium brands like Hyundai's Genesis creating extremely compelling, fresh, and well-designed product at the same price point, time is tight.

"I don't see Infiniti going away," Kim said. "Corporate pride won't let Nissan shut down Infiniti when their primary competitors in Japan-Toyota and Honda-each have premium brands. But it's going to be extremely important for Infiniti to elevate its products from a hardware perspective, as well as from a brand image and consumer perception perspective. There's definitely a lot of work to be done there."

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26Mar/210

My new Audible course on financial independence and early retirement!

Nearly two years ago, I received an unique email at an address I rarely check anymore. The columnist wrote 😛 TAGEND

I am writing to you today because The Great Courses in partnership with Audible is exploring the possibility of creating a high-quality series on Financial Independence. We believe that you may be an excellent candidate to educate such a series. I've read countless sections at Get Rich Slowly and I'm always excited by your writing and how much excellent material you create.

At first, I belief this was spam. Before I deleted the letter, though, I checked the sender. Sure enough. The sender( and the theme) was legit.

I wrote back 😛 TAGEND

Thank you for reaching out. I get a lot of is asking for my hour and typically turn them down. Not this one. I feel like this is a splendid theme and well-worth exploring. I am a long-time fan of both Audible and the Great Courses. I'm not joking.

I included screen captivates to prove that I owned 72 Great Courses and practically 372 audiobooks from Audible. Those numerals have since grown, naturally.

My library of audio learning

Discussions ensued, a contract was caused, and in December 2019, I began the work of creating a five-hour, ten-part course on financial independence and early retirement. I finished that course last April. I recorded it in May. And last month, at long last, How to Achieve Financial Independence and Retire Early impelled its behavior into the world!

FIRE in 40,000 Terms

Writing a blog about financial independence and writing a course about financial independence are two different things. A blog is open-ended. It's personal. It's informal. But a project for Audible and The Great Courses? Well, that sort of project has constraints and requires a different tone.

You folks all know that I am on a personal-finance journey. You all know that I'm always learning about money, and that my a better understanding and beliefs tend to change with occasion. With this sort of project, though, I have to present myself as the panel of experts. The info I cater has to be self-contained in one neat little package.

In this case, I had some very specific parameters.

The course had to be approximately 40,000 statements in portion, and the whole had to be divided into ten smaller "chapters". Why 40,000 texts? Because 40,000 words is approximately five hours when read aloud. Essentially, my assignment was to encapsulate the most important facets of financial independence in ten half-hour( 4000 -word) teaches. So, that's what I did.

I too had to decide who the course was for. Was this make for kinfolks who previously knew about FIRE( financial independence and early retirement )? I'm not very good person to offer depth, technological opinion( as you well know ), so I decided against that. I decided to target kinfolks who were FI-curious: those who has heard about the concepts but needed a crash course in what FIRE entails.

How to Achieve Financial Independence and Retire Early

In the end, I adopted the following outline 😛 TAGEND

Lecture one -- What is financial independence? I start the course by discussing the difference between financial independence and early retirement. I too waste some time talking about how society has programmed most people to think about money in only one channel. But there are other ways to approach personal finance. Chide two -- The power of purpose. Naturally, I then dive into my pet theme: procuring purpose. If you've speak GRS for any length of time, you know exactly what this lecturing contains. This is my core message. Castigate three -- The power of revenue. With the philosophy out of the way, I explore the numbers behind financial independence and eaerly retirement. I talk about net worth, saving pace, and more. Lecture four -- Spend less. The fourth lecturing explores moderation and the superpower of saving on the big stuff, such as housing and transportation. Teach five -- Increase your income. After talking about spending, I talk about income. While most of the material in this course is new, this particular lecture stays closely to my usual speil about earning more.( But with more resources included .) Lecture six -- Your wealth snowball. Once I've explained how the gap between earning and spending organizes a "profit", I then share the best ways to make use of this advantage: a obligation snowball( if you're in debt) and a affluence snowball( once your debt is gone ). Lecture seven -- Investing for early retirement. The seventh chide was, far and away, the most difficult to write. How in the blaze do you compress all of investing into 4000 terms? It can't be done -- but I tried.( And then I send parties to read The Simple Path to Wealth by J.L. Collins haha .) Lecture eight -- How much is enough? Next, I explore the factors that affect how much you need to save for retirement, including life expectancy, inflation, withdrawal frequencies, and more. Lecture nine -- Barriers on the road to financial independence. I deplete the ninth teach addressing troubles that people encounter when they pursue financial independence -- and offering possible solutions to those problems. Castigate ten -- Building a rich life. Lastly, I explore what happens once you achieve financial independence and/ or early retirement. I recommend listeners to build a rich life.

As I said, I did my best to cover the core concepts of the FIRE movement. I made a deliberate decision to keep the course as non-technical as possible, which probably comes as no surprise. And, when possible, I explored the psychological and philosophical consequences of wealth.

Because of the limitations of this project, I couldn't cover certain pet topics of the FIRE community: advance spoofing( which actually has zero to do with FIRE anyhow ), health care( "whats important" !), backdoor Roths, etcetera. Nor could I dive deep into any specific topic. There really wasn't space.

In the end, though, I'm proud of the course I procreated. To my subconsciou -- and I know I'm biased -- this project is the best introduction to financial independence and early retirement available. I'm not joking.

If you want to share this concept with friends or kinfolk, I believe this course is a great way to do it.

An Intro to FIRE

The most difficult part of creating this course was recording it. Early last-place May -- while uncertainty about COVID still raged -- I wasted two days at a neighbourhood transcription studio, see my names aloud. It was tough!

I'm a chatty fellow, but I've never had to actually predict for hours on end. It's more difficult than you might expect. By the end of the second day, I felt like my cavity was full of marbles. Plus, I upset and frets and worried that my transmission was terrible.( And, in the months since I recorded such courses, I've had second thoughts about two sentences that I miss including haha .)

So, my biggest fear was that parties would detest my "performance" of the stuff I'd written. Much to my surprise, that hasn't been the case. In happening, my accomplishment is the highest-rated part of the course. Whuh ?!?

Current ratings for my course

Ready for some math nerdery? Good, because you're going to get it.

Your Money: The Missing Manual was exhausted on 01 March 2010. In the eleven years since, the book has received 86 ratings at Amazon. How to Achieve Financial Independence and Retire Early was exhausted on 16 February 2021. In the five weeks since, the course has received 77 ratings at Audible.

What entertains me, though, is that the deterioration of these ratings is nearly identical. Take a examine 😛 TAGEND

Consistency!

Consistently, 5% of folks don't like my big jobs. Another 5% determine them to be meh. And -- thank god -- 90% appear to like them.

Anyhow, my Audible course is out! I'm proud of it. I think it's an excellent intro to the core concepts of the financial independence and early retirement movement. I hope it proves helpful for countless people.

As proud as I am of this course, and as much as I hope it helps people, I'd be remiss if I didn't be underlined that I firstly explored these basic ideas in The Money Boss Manifesto, which remains available as a free PDF. The Audible course is much more comprehensive and aspects my latest foresees on each subject, of course, but that free PDF is a good resource for kinfolks who can't( or don't want to) buy the course.

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