What is extreme early retirement?

One of my favorite bloggers Jacob at http://www.earlyretirementextreme.com/ has got it right. At 34 years of age he has finally been able to rip free from the life of cubicle walls and TPS reports and retired financially independent. So what is extremely early retirement. To me the definition is having the ability to pick up one day a say...I quit. No longer will I be a HAVE to go to work, but I could quit my job on a whim. To many people are tied to their residual debts of a car payment, house payment, boat payment, vacation home payment, cable bills, doctor bills, student loans. Like Dave Ramsey talks about people need to think of a total new way of thinking. No more debt and no more residual debts tied to your income. One of the first steps to early retirement is removing residual debts and expenses. If these obstacles are removed from your financial picture then it frees your income to start working for you. Last year I drew out how the rich's cash flow went into income generating assets to pay expenses and/or debts and into other income generating assets. Once the process of cash flow management is started then it will only compound or "snowball" with time.

Once your debts are paid off and your expenses are reduced then you can refocus even more on growing your income generating assets. Imagine this for example. Say 100% of your income was direct deposited into an income paying annuity. The annuity would then distribute $$'s to pay your monthly expenses and generate interest and gain principal value. (I want everyone to know that I'm not advocating annuities, but using it as an example). Who wouldn't want this scenario of income generation? Then you wouldn't have to stare at your cube wall or answer to eight different bosses for why your TSP report didn't have a cover sheet on it.

For those of you who don't know what I'm referring to watch this video!
http://www.hulu.com/watch/12638/office-space-peters-interview