Aussie Firebug

Financial Independence Retire Early

It wasn’t too long ago that I wrote about starting a new job because my old one went through a ‘restructure’ back in 2016 and essentially screwed over the team I was apart of.

You can read about that here.

Long story short, I took a $12k pay cut back in 2017 to get out of that environment and move closer to home.

Fast forward 18 months and four out of the six original team members have left that employer (myself being the second to get out of dodge). But more importantly, I managed to climbs the ranks during the last 18 months and have just accepted a new job that pays around $15k more than my old job!

So not only have I managed to get back the loss in pay, but I’m in a better position (income wise) then I was 18 months ago plus it’s only a 10-minute drive from home!

Milhouse

Everything’s coming up Milhouse right… not quite

Yes, it’s more money.

Yes, it’s the job I’ve wanted for a while.

Yes, I feel more important with the added responsibilities… but I can’t help but feel it’s not worth it.

Let me explain.

The new position is in management. It’s something I’ve wanted from a career standpoint for a while. I don’t know about you, but when I discovered FIRE, building a long career as a corporate drone sort of went out the windows and I stopped giving AF about climbing the corporate ladder.

But I have a competitive streak in me that won’t quit. Even though I know I’m not going to be at this job for many more years I just can’t sit back and not give it a crack. Part of me wanted to prove something to my other employer like

‘Hey, check it out. I left you guys 18 months ago and now I’m the manager here getting paid more 🖕’.

So I’ve been acting in the job for around 3 months now (officially got it last month) and it’s so bizarre what I’m willing to give up just for some extra cash and an ego-boosting title. My old job was basically stress-free and I left on time nearly every day. That has now significantly changed. So much more stress and a lot of unpaid hours after work to get stuff done.

I don’t think I’m the only manager with these issues. It seems to be the norm for all the managers and above. The big wigs at the top of the food chain routinely stay back until 7:30 pm – 8:00 pm and might even come in on weekends.

Fuck. That.

I supposed I could have knocked back the job, but I wanted the challenge, extra $$$ and the self-satisfaction knowing that I at least reached this level before I hang up the tie in the corporate world.

I’ve lost on average around 1.5 hours of free time each work day I reckon. This just strengthens my desire to reach financial independence so I can get back more hours in the week. If you’re forever increasing your consumption, you’re going to be chasing more income at the expensive of your life. What do you want? Your money, or your life?

I actually really enjoy the job but it’s a lot more stressful and time-consuming (and now I know why managers get paid more). It should get better as I become more efficient in it.

 

Net Worth Update

Shares had another bad month. I keep waiting for this GFC 2.0 every keeps talking about. Still sticking to the plan of putting in $15k into ETFs/LICs each month.

We had a decent month in terms of savings which was surprising considering Chrismas is just around the corner and we have been buying presents.

Properties

No changes in the properties this month.

 

Property 1 was sold in August 2018

 

*DISCLAIMER*
Various data sources (RP data, Domain.com etc.) are used in combination of what similar surrounding properties were sold for to calculate an estimate. This is an official Commonwealth bank estimate and one which they use to approve loans.

ETFs/LICs

Nov18NW

And the onslaught continues… which is actually fantastic am I right? Everything on sale!!!

Because we have so much cash at the moment from the sale of IP1, we are praying for a big crash so we can swoop in.

We bought $15k worth of A200 even though Milton was trading at a discount. This would seem like I’m deviating from Strategy 3.

BUT! After some more research, it would appear that A200 had dropped even further (in percentage terms) than both MLT and AFI. There’s a whole debate on why ETFs can drop more than LICs in a correction but long story short, I decided that A200 was on a bigger sale than MLT and AFI so I went with that 😁

Networth

 

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