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.
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!
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.