I publish these net worth updates to keep us accountable, have others critique our strategy and show that reaching financial independence in Australia is very doable without winning the lotto, having a high paying job or inheriting a wad of cash. The formula to be able to retire early is simple, the hard part is being consistent and sticking to a plan for many years. The table at the bottom details our entire journey from being $36K in debt all the way until we reach 🔥
It’s been a while since I logged into AFB/recorded any podcasts.
The whole ASIC fiasco got me down a little honestly. It feels like the whole community that has helped so many people are being vilified because of a few bad apples.
I also felt the need to lay low and watch what others were doing in the FIRE/personal finance space. I’ll be dropping a podcast very soon that will cover my thoughts on ASIC’s new interpretations and how that’s going to affect AFB content moving forward.
In other news.
My freelance business is really starting to take off. I’m getting more business than I want (first world problem) and I’m starting to create a data product that I’m really excited about. This influx of work has been the other reason I’ve taken my foot off the AFB creator pedal last month.
It’s usually a juggling act between AFB content, my business and travelling. Some months I’ll record 5 podcasts and write 3 articles and other months I’ll be lucky to produce 2 pieces of content.
Freelancing has been a blast but I’m slowly getting pulled back into the ‘normal’ everyday office politics and BS. There are always going to be boring/pointless parts of the job regardless of what you’re doing but I’m trying to minimise that stuff as much as possible.
I find the greatest joy in building something that creates value with colleagues who are just as passionate. I’ve spoken about it before but I really like the idea of having a small team that can help me build data products/services and foster a kick-ass work environment! I fell in love with the culture when I worked at a few different startups in London during our overseas trip. Trying to replicate that is high on my goals list for the next decade ahead.
Net Worth Update
Not a whole lot to report with the old NW. It was a down month for shares and Super which saw us slide backwards around $10K.
We’re continuing to build up our cash reserve for a new car in the not so distance future. I’m still having a really hard time choosing between a traditional ICE vehicle or a new EV. The longer we wait, the more attractive EVs become. But can we wait another 2-4 years? Probably not 😅
*Expenses include everything we spend money on to maintain our lifestyle. We do not include paying down our PPoR loan as an expense, only the interest
*Investment income is simply 4% of our FIRE portfolio divided by 12
Our expenses were up a lot in April. The reason for the big jump was us pre-paying for a trip to Bali. We fly out in late June for 8 days of holidaying 🏝🍻
No purchases in April but I’m publishing this article in mid-May and I just can’t resist the current sale atm so we’ll most likely be putting through a buy order soon.