Welcome back to the second annual Aussie FIRE survey results!
In case you missed last years results, you can grab them here.
It’s an honour to be able to run the largest FIRE surveys in Australia. This year’s survey has a focus on time intelligence and being able to track the progress of participants for future analysis which was the most requested feature from the Facebook community group (other than Super which I somehow missed last year 🙈). This identifier can’t be used until next year but I’m already really excited to track the progress of the cohort over time and there is some really cool analysis that can be done with the introduction of this data point.
This year’s survey goal was to get 1,056 submissions which give the dataset statistical significance (95% (industry standard) confidence level with a 3% margin of error of the community). I used the sample size formula found in statical modelling to come up with 1,056 as the number to aim for. If you’re interested in the math behind the modelling, you can check out this site that I used.
I’m so happy to report that the survey had 1,298 submissions across 21 countries 🤯🏌️♂️
I was originally assuming a community size of 100,000 but because we got so many submissions, this dataset should actually be accurate assuming over 1M+ community size (don’t ask me how statistics works) which is very promising because I doubt very much that the Australian FIRE community is anywhere near 1M!
The results are broken up into six sections:
- Firebug Profile
- FIRE Dashboard (interactive dashboard using the data from the survey)
Feel free to download the anonymized results of the survey here under the Open Database License (ODbL). I really look forward to seeing what you find—if you share on social media, make sure you tag me and I’ll give it a shout out!
This report is based on a survey of 1,298 Firebugs from 21 countries around the world.
- The survey was fielded from February 8th to March 15th 2021.
- Unfortunately, there wasn’t a timed component in the dataset which means I could not qualify responses. Google forms don’t have timed settings. I might look into new software next year
- Respondents were recruited primarily through channels owned/ran by aussiefirebug.com which included: Aussie FIRE Discussion Facebook group, Aussie Firebug Twitter Account and Aussie Firebug Blog
- All income figures are based on AUD. I’ll add a note to next years survey to make sure international submissions know this
- Net worth figures are in AUD
- Some visuals do not always take into consideration all the answers due to visual issues. There were 86 distinct values for banks for example. Reducing that to a top 10 is more visually appealing. You can always download the entire dataset if you want to know all the submissions