Aussie Firebug

Financial Independence Retire Early

I cannot believe 2018 has come and gone. What an incredible year it’s been!

We spent Christmas locally and thankfully Mrs.AF is from the same town as me along with all her fam so there was no traveling 🙏. We used to travel to Melb a lot on Christmas day to see my sisters and driving around can be a drag.

Christmas time is always awesome because a lot of my old mates that are living in Melbourne come down to be with their families which means I usually see them out and about. It’s great to catch up as everyone has such busy lives these days.

I remember last year that me and a few mates kept saying we should do a trip together and we just need to organise something. Well, Mrs.FB and I booked a trip for NYE in January 2018 because nothing ever happens unless someone pulls their wallet out and organizes shit.

I’d almost forgot that we had that trip coming up so it was nice to be reminded about it at the start of Dec and the whole group was pretty pumped.

We bought in NYE in Mornington Peninsula which was awesome!

So incredibly busy though. You’d hate to be a local when the tourist come and invade your town haha.

Big, big plans for 2019 which I’ll write about in another post but can’t really complain about the last 12 months.

The net worth has risen to heights that I didn’t think was possible at the start of the year and it’s only getting better.


Net Worth Update

Finished off 2018 at $600K 😁😁😁

The properties were the real heavy lifter this year and I was very lucky with IP1 and the re-vals for IP2 and 3 (more on that below).

I couldn’t be any more stoked to finish the year at this number. We’re getting into some serious territory now. I always thought that once we hit around $700K. The last $300K will come really quick because of dat compound interest baby.

We still have a lot of our net worth in cash. But I’m super pump to slowing drip feed it into the markets and see our passive income rise accordingly!



Property was the real MVP this month. I have mentioned in previous posts, but we have swapped lenders (from CBA to Macquarie) to get a better rate and to switch to P&I since the gap between I/O is at a comedic level now. It’s almost… cheaper (payment wise per month) to go P&I.


Because of the switch, Macquarie revalued the two properties and they came back higher than what Commbank thought they were… Which was no surprise to me really, I had suspected that CBA had put a halt on higher valuations for a while whilst they dealt with the whole royal commission thing.

This valuation saved what would have been a very red month.


Property 1 was sold in August 2018


Various data sources (RP data, 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.





Put your hand up if at some point, you thought we were heading for another GFC during December?


The shares portfolio got rocked in December, some weeks we were down $10K+ grand and it looked like it wasn’t slowing down.

This might scare the n00b investor, but we understand that whilst you’re in the accumulation phase (still working and building our snowball). We welcome a GFC like event! It helps us collect more units than you otherwise would each time we buy, and it’s all about the amount you own,
not how much it’s worth.

More units = more income
More income = closer to FIRE

Don’t get me wrong, it is nice to have a quick gander every once in a while and see you’ve made more money in the markets than you might have at your full-time job. But this boost of dopamine that makes you feel good is a false win. Because if the prices rise, next time you go to buy your favorite
ETF/LIC, your money will net you a smaller piece of the pie and ultimately, a smaller income stream in the long run.

I was getting really excited at the thought of a huge crash because as some of you may have read, we are currently cashed up from the sale of IP1. Not only are we still in the accumulation phase, but we also have a big chunk of capital to invest over the next 18 months. I was starting to get itchy with all the prices dropping and at one point was considering investing half our cash holdings.

But as I type this today (mid-Jan), the markets have recovered somewhat so we shall continue with DCA over the next 18 months.



Download My Networth Sheet

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

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