I publish these net worth updates to keep us accountable, inspire others 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 get wealthy enough to retire is easy but it takes many years of being consistent and sticking to a plan. The table at the bottom details our entire journey starting from being $36K in debt all the way until we reach 🔥
Soooooo…. we got married in June 🤵👰🎉
God damn did it feel good to finally tie the knot after all the trials and tribulations during the last 16 months.
I originally wanted to elope back in Marid when I popped the question to Mrs. FB. But she wanted a destination wedding and it was a priority for her to have the family attend… which is fair enough.
Who could possibly have known that a global pandemic was around the corner 😅?
It was a smallish wedding of only 26 people (10 children). We just had our immediate family which made the whole experience really special and one that we’ll never forget.
It was the first time that everyone from both sides got together. I felt like we were the McCalister’s from Home Alone when we arrived at the airport to fly up. 26 people with nearly half of them being kids was absolute mayhem in the best possible way 😁. I was convinced that at any moment one of the parents were going to bellow out…
We stopped at Brissy and had our honeymoon down in Byron Bay. Here are some of my favourite shots from the trip.
We’ve had a blast over the last 2 weeks but now I’m ready to head back home and move into our new house (settlement is on the 9th).
We’ve just got to 🙏 that everything goes smoothly when we fly back to Vic. To be fair though, the latest outbreaks have been a bit of a headache for us but I’d take headaches in the honeymoon 100/100 vs having to deal with this shit before the wedding.
There was a little lockdown in Vic before we flew up, but by the grace of God, Queensland allowed regional Victorians to enter literally 1 week before our wedding. And now with the latest round of lockdowns, we got insanely lucky to get married the week that we did.
We personally know 5 couples who had to reschedule their weddings in 2021 due to the lockdowns so we can’t complain at all!
Net Worth Update
The major boost this month, which was completely unexpected, was from our last LIC… Milton!
I haven’t looked into the finer details of it, but I believe Milton has been bought out by another company called Soul Patts. And the agreement will see Soul Pattinson pay an equivalent offer value of $6 per Milton share.
Which, in plain English means that the share price of Milton went through the roof.
Holy crap am I glad we haven’t sold out of Milton yet lol. I’m still planning to sell Milton to simplify our holdings plus I prefer ETFs vs LICs these days but wow this little bump has been very welcomed.
It’s honestly the most exciting thing to ever happen to the shares portfolio 😂. I mean… I got a message from my mate Jimmy a day before our wedding and I’d imagine that the feeling I got wasn’t too dissimilar to what most speculators feel when their gamble pays off.
Granddaddy LICs and most ETFs are solid choices for reaching FIRE in Australia but it’s extremely rare that you’ll ever get a major bump like this in such a short amount of time.
It was a good month overall for the sharemarket which saw more gains come from the rest of the portfolio plus Super.
The wedding/honeymoon plus a few bits and bobs for the house made it an expensive month. Add to the fact that I only worked 6 billable days in June meant that we didn’t save that much in cash, unfortunately.
No updates this month although you can now see the numbers for property 3 using the link below :).
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
No buys again this month. We’ll be back at it once the house settles in 3 days 🙂