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 🔥
This is going to be a super quick update because I’m currently overseas and haven’t had much time/energy.
At the end of March, Mrs FB and I touched down in a country that has been on my bucket list for as long as I can remember.
It ticks nearly every box I can think of for an interesting adventure.
- Unique and delicious local cuisine✔️
- Different culture✔️
- Stunning scenery✔️
- World-class snow✔️
- Not too expensive✔️
- Great public transport✔️✔️ (maybe the best I’ve seen in over 30 countries)
And then there are some personal attractions I’ve always been drawn to.
- Nerd Central (anime, gaming, manga)✔️
- One of the tech capitals of the world✔️
- Electric vehicle innovation hub✔️
If you haven’t guessed by now, I’m talking about the land of the rising sun…
We’re here with another couple for a few weeks before heading off to South Korea.
Here are some shots so far:
Net Worth Update
Shares, Super and BTC do the heavy lifting this month. It was another blowout month (savings-wise) as we loaded up our Wise cards with Japanese Yen and South Korean Won.
*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
Another supercharged month of expenses during our travels.
We didn’t buy any shares in March and have been using our dividends for expenses for a few months now.
Part of me hates not adding to the snowball but everyone has to switch to consumption mode eventually or else there’s not much point in investing.
Question: Why do we have A200 & VAS?
Answer: 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.