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 to be able to retire 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 🔥


Super late update for May.

I’ve had a lot of family commitments lately and work has been surprisingly busy. As a result, AFB content has been on hiatus.

I’ve still been recording podcasts though and I have some really good ones coming up in the next few weeks (the first one hopefully drops this Friday).

I got the spicy flu (COVID) in May which knocked me out for a few days. I felt tired AF for 2 weeks and still can’t shake this annoying cough. Not bad though all things considered.

The timing was pretty bad because I had another BJJ (Brazil Jiu-Jitsu) tournament I was meant to be training for. I lost so much fitness from COVID and only had 2 weeks to get back in shape.

I wasn’t at my best but I still had a great time competing.

Trying my best to secure an arm drag

BJJ tournaments with mates you’ve been training with are the best!

Net Worth Update

All investments were down around -$20K for May with the only saving grace being 2 big invoices that were paid for my freelance gig. That, along with our other income sources miraculously saw the NW grow by $5K this month. I have a hefty tax bill coming up though so the cash reserves will be taking a beating soon 😅.

 

Our cash holdings continue to climb in preparation for a few big-ticket items in the not so distance future.

*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


 

One of our most inexpensive months so far since becoming homeowners!

Shares

The above graph is created by Sharesight

Oooft!

Down $15K ain’t pretty but as all accumulators should know, a bear market is precisely what we look forward to!

We bought $5K of VTS in May as this was the holding most underweight in our portfolio at the time.

 

Networth

Download My Networth Sheet

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

GET IT 
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The information in this website and the links provided are for general information only and should not be taken as constituting professional advice. You should always do your own research when making any financial decisions. 

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