Summary
Aussie Firebug has been discovered!
Late last year I woke up to a message from someone who lived in the same town as me saying they knew I was the Aussie Firebug and that my secret was safe with them…
I immediately jumped to the worse conclusion thinking maybe my boss had figured it all out 😱.
But it ended up being my mate from high school who as it turned out, was just as crazy about all things personal finance and investing as I am! It was my mate, Jimmy!
We’ve had countless chats at the pub multiple times about a whole bunch of stuff since that faithful message.
Today’s episode is two mates who went to high school together having a good old yarn about financial independence, investing, ETFs/LICs and much more.
Some of the topics we cover today include:
- How Jimmy discovered my alter ego ‘Aussie Firebug’
- Jimmy’s story about financial independence
- Real estate investing
- How Peter Thornhill ‘cleared the fog’ for investing in shares
- Jimmy’s strategy that looks at the number of units of a fund as opposed to what the fund is worth when setting the target
- ETFs/LICs
And much more!
It’s really good to have a local friend or two to chat with who are also super passionate about FI! Great work mate!
And appreciate the shout-out, thanks Jimmy and FB…
Cheque’s in the mail 😉
Haha my favourite affiliate 😂
Yeah it’s been great!
Great episode!
Thanks Zane 🙂
“Our home town will remain nameless” – “he’s from Traralgon as well” – Lol.
Great episode with two relatable people.
😂 FFS why am I so dumb 🤦
I legit laughed out loud for that bit. And I even knew it was coming after reading this. From Mr. Anonymous.
Regards,
Declan
Hey mate, I’ve literally read every single blog post you’ve ever made. You’ve inspired me to pursue FIRE at the age of 20. Great podcast btw.
Thanks Fisheye. I’m glad you’re getting something out of the content dude!
Like the way Jimmy looks at the number of ‘units/shares’ he needs to achieve the income required to get to FIRE as opposed to the value of the portfolio. Will definitely bee looking at the approach to calc what income I can expect from my investments.
Yeah I loved that approach too. Highly underrated way of looking at it I think.
Just listened to this episode this morning.
I agree that working out how many shares you need to produce the required income, rather than the $ value you need, is pure genius. I get the feeling it’s something Peter Thornhill himself would highly approve of, as it is another way to reduce the “noise” of the share price by removing it from your view entirely! It’s like a psychological hack to help you tune that nonsense out. Brilliant!
Just one question – Jimmy said he had shares in 4 different LICs, and each of them have a different rate of return. How does he work out how many shares of each LIC he needs? Is he looking for, say, $10k dividends from each or some other weighting?
Great episode , yes please do a cyrptocurrency episode.
Loved the laid back chat. Jimmy sounds like a cool guy with a great head on his shoulders. Seconding what Aleks said. Love the unit instead of price idea. I’m going to try this out in Sharesight/my super-mega-massive-ridiculous spreadsheet I’ve been building for 15 years.