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 🔥

One of the best things about semi-retirement are the new interests and hobbies you’re able to pursue with the extra free time.

2022 has definitely been the year of BJJ (Brazilian Jiu-Jitsu) tournaments for me.

I had always been interested in martial arts growing up. But between footy, gym and the occasional basketball/mixed netball comps, I never had the time to really pursue it. It’s been awesome training and competing with my mates for the last 20 months without sacrificing other areas of my life. Having the free time to discover new hobbies and pursue new interests is a real privilege!

I’ve been on a pretty solid training schedule in 2022 and part of me wanted to know how far I could go competing in the sport, especially since I’m not getting any younger 👴😅.

So with a bit of momentum behind me, I registered to compete in the Australian national Jiu-Jitsu championship in August.

It’s a knock-out style competition (sorta like Mortal Kombat haha) and my group had 16 competitors.

Every match was very difficult and I somehow ended up getting to the final round where I lost to a kimura submission.


I managed to snag the silver

I was pretty chuffed taking home the silver tbh.

At 33, I was one of the older competitors and I somehow hurt my back in one of the matches which has been bugging me for weeks.

I think this will be my last comp for a while because my body just doesn’t bounce back like it use to. I almost wish I could start again at 21 and see how good I could have been if I dedicated myself during my athletic prime but such is life, isn’t it. Ya can’t do it all!

At least FIRE has given me the free time to have a decent crack in my 30s which is all I can ask for.

August was pretty busy for me work-wise too. I’ve been heads-down-bum-up building/optimising the data product I’ve sold.

Quick reminder for the Sydney FIRE meetup on the 15th of October too!

We already have over 50 people coming and another 180 interested. I’m really looking forward to meeting the Sydney FIRE community in person 👊

The event is on Facebook here. 

Net Worth Update

The big gain from this month came from our PPoR being revalued.

Our mortgage broker had been going back and forth with our bank to get us a better rate. The banks eventually came to the party after they officially revalued the house at $610K. actually has it higher but we’ll stick with the official valuation.

We bought the house in April 2021 (settled in July) and the gains are pretty typical of what we’ve been seeing over the last 16 months since. Our home’s value is probably on the way down with all these interest rate rises so I’ll be sure to keep an eye on it.

I gotta admit, it’s been a bit mind-blowing seeing the sold prices of similar homes around our area over the last 6-8 months. I remember thinking we had bought at the peak in April 2021. Never in my wildest dream would I have thought prices would climb to the heights they’re at now.

Once again, savers have been left holding the bag for asset rich/highly leveraged Australians.

The rest of the month was pretty uninteresting with some gains from shares and Super whilst Bitcoin and cash reserved dropped.


Cash continues to be high while we save for a new car. I pray to the gods each month that the second-hand car market returns to some sort of normality soon lol🙏

*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



The above graph is created by Sharesight

Not much to report here.

There was a big drop at the end of the month that wiped out most of the gains. Let’s see what happens in September!


Question: Why do we have A200 & VAS?
We started buying A200 in August 2018 after Vanguard didn’t lower their MER to match A200. Practically speaking, A200 and VAS are almost identical so it makes sense to go with the lower MER. As an added benefit, I like the fund diversification between Vanguard and Betashares. We decided to hold both after making the switch since it doesn’t have any other impact other than some extra accounting work once a year. 


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

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