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 for retiring 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 🔥

In July, I felt fortunate to be blessed with the opportunity to work from the comfort of my home. My social side has been longing for more real-life interactions for a while now (hence my co-working space ambitions) but honestly, in the middle of winter I’m pretty content to be inside in a hoodie and moccasins 😂.

It might sound weird to some but I really enjoy going for a walk first thing in the morning when there’s still ice on the grass (my fellow Victorians will know what I’m talking about). It wakes me up and get’s the blood flowing.

During that 15-minute stroll, my mind tends to wander. On occasion, it’s focused on what I want to get done by day’s end. There are moments when my thoughts drift towards upcoming events and the future. And then there are instances when I find myself fixated on that joke I cracked that nobody laughed at 😅.

My walking shifts into autopilot mode, and since I’m mostly unable to reach for my phone or use my computer, it’s just me and my thoughts for a while. Almost like meditation, I guess.

And then there’s a different type of meditation I get when I’m at the gym. There are times at the gym when the physical demands of exercise completely occupy my mind. In those moments, my brain’s capacity for attention becomes entirely absorbed, leaving no room for any other thoughts.

I’m solely focused on lifting something heavy and placing it back down (it sounds funny when I write it out like that).

Having time to let my mind wander and time, when it’s completely focused, are both important mental exercises I need to feel centred.

In other news…

There’s only one week to go before the RASK roadshow tour in my hometown.

There’s going to be a lot of my local FIRE community joining along with other great guests and speakers.

See y’all next week 🔥

AFB x RASK Traralgon meet-up

Net Worth Update

The share market did the heavy lifting in July with BTC being the only asset class that went down.




*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


It’s been a very, very long time since we had a sub $4K month. This is mainly because we didn’t book any future trips and just stayed home for the whole of July. It’s funny to think that $4K a month was our baseline pre-London.



The above graph is created by Sharesight

We didn’t buy any shares in July.

I’m planning to record a podcast soon to provide an update on our progress towards FIRE, as I’ve received numerous messages inquiring about it.

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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