Finally feel like we’re making progress again this month.
The ETFs are doing great, Super is up, killer month for savings and we booked a holiday. That a domi (made up word used to describe good things) if I’ve ever seen one!
We are actually paying for flight and accommodation for not only us but both our parents too. This doesn’t sound too frugal but my parents recently retired and Mrs. Firebug’s mum retired last year so we thought it might be a nice surprise trip for everyone. I have wanted to take my parents on a holiday for a while now. They are the single biggest reason why I’m in the position I’m in today and even have the option to retire early. Not just from teaching me good life skills, how to be frugal, how to work hard, setting the right examples etc. But just for being genuinely great parents.
One of my biggest financial advantages ever was living at home until I was 26. Meals were ready for me when I finished work, didn’t have to do laundry or do much cleaning, hardly any bills. I helped out around the house (mowing the lawns and odd jobs for dad) but definitely enjoyed the luxuries of living at home. Stay at home for as long as possible people!
But seriously, it sounds easy in theory, but you have to have a good relationship with your parents and sacrifice your independence to do this. I loved my time at home but was well and truly ready to move out when I did, even though it wasn’t the best move financially.
I probably will never be able to repay my parents for everything they have given me. But I know that a nice holiday to Queensland with Mrs. FBs family will make them happy.
One more thing that pops up in my mind about Mum and Dad that I love, is they have worked their asses off to be in the position to retire around 60 completely financially independent! I would 100% support them if they needed it in their golden years. It’s the least any child can do and in many countries without a pension, this is the norm. But the fact that they have raised a family of three and set themselves up for retirement is inspirational to say the least.
Inheritance is an interesting topic that I have not even really begun to explore. But right now, I’m not sure I want to leave my kids a fortune at all. What I do endeavor to achieve is a fantastic upbringing for them and no financial stress caused by Mrs. FB or myself in the future. Just as my parents have done for me.
The FIRE community’s growth has exploded in the last few months. When some of us got featured in mainstream media, it seems the general public discovered a very niche community within the world of personal finance.
I sometimes get asked what would happen if everyone became as obsessed to reach FIRE as me.
Well firstly, it would be terrible for my investments. I invest in companies that rely on people buying or using their products. If no one was spending, the economy would not grow very fast. I want people to buy stuff!
But I don’t think there is even the slightest chance that this would happen. Time will tell, but my guess is that for the majority of new people who have discovered this blog and the community within the last few months. The concept of FIRE will only strick a cord with a small minority.
Most people will love the idea of retiring early. But I’m guessing that when they figure out what it takes to achieve it, they will pass.
The funny thing about reaching FIRE is that anyone can do it. Don’t have to be smart, lucky, an investing genius, from a wealthy family or anything else extraordinary.
You just have to be disciplined and have patience.
Net Worth Update
The markets are back!
Big month for the ETFs and Super giving the net worth nearly a $10K bump!
We also saved really well with a relatively inexpensive month! 👌👌👌
Hopefully, we can get a few months in the black and get a roll on heading into winter!
No changes in the properties this month.
Various data sources (RP data, Domain.com etc.) are used in combination of what similar surrounding properties were sold for to calculate an estimate. This is an official Commonwealth bank estimate and one which they use to approve loans.
Here’s how our ETFs did
Not bad at all 🤑🤑
Good spread across the board and with the extra dividends, VAS was the number one gainer for last month.