Aussie Firebug

Financial Independence Retire Early

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 🔥

Not a whole lot to report for August.

The month was mostly just us continuing to set up our home in lockdown which meant bulk orders to Kogan, Kmart and Bunnings.

I was never really that into plants before but boy oh boy how things have changed. It’s incredible what an enormous Monstera in the kitchen can do to the feng shui of a room 😂🌱

I’ve also finally managed to start a project that’s been on my mind for probably over 10 years… a nerds man cave!

Here’s the progress so far.

I’ve got a few more things to add but I’m really happy with how it is coming together. The AFB podcast has not been consistent over the last few years because I never had a creative space where I could focus on writing/recording pods. I can’t tell you how different the vibe is when I start work or create something for AFB in my new room compared to the set-up in London.

I have heaps of other projects that I can’t wait to get stuck into. I want to build a little garden shed with my old man, a veggie garden, bike racks in the garage and many more. I guess this is why people say that there’s always something to fix/improve when you buy a house 💸

Oh and I’ve sorta become obsessed with turning every conceivable object in our home into a smart device lol. I’ve always been interested in home automation and now I can finally put some of my research into practice. One project I’ve got high on my list is to turn our garage door into a smart door. Google home (on my phone) knows my location and will be able to open my garage door within 100Ms or close it once I’ve left the house. It’s completely unnecessary and ridiculous but I love it lol. It also doesn’t cost a bomb either (around $70 bucks).

I’m keen to hear from you guys in the comment section below if you’ve set up any cool home automations?

Net Worth Update

Ahhh man… C’MON 😂😂😂

Sooooo close to the big 1 mil this month but alas, we will have to wait a little bit longer. Reaching the million is nothing more than an arbitrary figure and doesn’t actually mean anything but it’s still a nice milestone to hit and does make us stop and look back at how far we’ve come.

The share market went bananas in August plus Mrs FB had a pretty big tax refund which meant a hefty amount of cash contributed to an overall excellent month for the net worth.

Oh and I almost forgot but another huge shoutout to Milton for continuing these epic returns over the last few months. We (Milton shareholders) got a special dividend plus the share price went up and Milton return 15.6% in the month of August!!! I got really lucky with this one considering I’m selling it soon. I don’t know a whole lot about SOL but I was going to sell Milton anyway so the recent gain has been the cherry on top!

The FIRE portfolio continues to grow and is now at an all-time high of $760K

Our expenses dropped off dramatically as we returned to ‘normal’ life post-wedding/buying a home. They’re probably a bit low because of the lockdowns but we’ll see.



No updates this month.

Property 1 was sold in August 2018

Property 3 was sold in April 2021

The current value of our properties is a rough guesstimation based on similar surrounding properties. I only really update these when we get an official bank valuation


The above graph is created by Sharesight

Huge returns all around! The market can’t stay like this forever, but since it’s impossible to know when the next drop will be, buying for the long term seems like a great choice IMO.



Download My Networth Sheet

Download my personal spreadsheet I use to calculate my net worth each month

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