Aussie Firebug

Financial Independence Retire Early

I share these net worth updates to stay accountable, seek feedback on our strategy, and prove that achieving financial independence in Australia is feasible without relying on extraordinary luck or wealth. The table below tracks our journey from $36K in debt to reaching our goals. 🔥

We secured the lease for our co-working dream in November 🥳.

Our new Co-working space

This was the first step towards our goal of creating a community-focused shared environment for small business owners and entrepreneurs.

There are so many unknowns when you start a venture like this one.

  • What’s the demand?
  • How much do you charge?
  • What are the ongoing costs?
  • What type of permits do you need?

I thought adjusting to life without the stability and assurance of a full-time job was challenging enough. However, pouring money into such an unknown project tops it.

But here’s the rub: it’s so bloody exciting!

There’s a profound sense of fulfilment that comes from being in charge of your own destiny.

I’ve also noticed something very interesting when discussing this idea with friends and family. People love to point out all the things that can go wrong and rarely see the potential upside.

And it’s not like they are doing it deliberatively to be nasty. There seems to be an inherent truth about humans: our operating system is wired more to avoid losses than to actively seek gains.

Many people are comfortable remaining in their 9-5 jobs, contributing to their boss’s dreams, rather than taking the leap to pursue and build their own.

That’s not to say there’s anything wrong with the old 9-5. But I do wonder how many kick-ass products/services have remained unrealised because those capable of starting them were too risk-averse to take the plunge.

FIRE has given us the financial courage to give this a go without worrying about my family suffering if it fails.

And even if we do fail, the satisfaction of having a crack will remain. In the end, it’s the effort and the journey that counts.

Net Worth Update


What a huge month for our portfolio, Super and BTC.

This is coming off a three-month slide that saw our net worth decrease by over $76k!

That encapsulates the essence of the volatility game in the stock market. It’s the reason we earn the returns we do as investors. Not everyone can withstand these fluctuations, and those who can are rewarded accordingly.



*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

Booking another Bali holiday for next year saw a spike in our spending in November.



The above graph was created by Sharesight

It seemed like the entire world was on an absolute tear in November.

VTS has a whopping 5.26% gain in a single month followed by our Aussie shares (~5.05%) and then VEU (4.26%).

BTC continues to climb up and up increasing in value by 6.04%.

We made no purchases in November.

Question: Why do we have A200 & VAS?
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 impact other than some extra accounting work once a year. 


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

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