Aussie Firebug

Financial Independence Retire Early

Resources

This is my official list of recommended resources to help you on your journey towards FIRE!

I will only ever recommend a service or product if I have personally used it or have a thorough understanding of what they do and how they operate. If I think the company or service can assist you in reaching financial independence, I will recommend them and may include an affiliate link.

I will never recommend a service or product I don’t believe in.

Affiliate commissions help me continue running and maintaining aussiefirebug.com

 

Tracking/Tax Reporting

Sharesight (Affiliate Link)

Sharesight_Hero_Anywhere-w-Logo_Scaled

If you’re an Aussie that invests in the sharemarket, you need Sharesight. The most comprehensive portfolio and tax reporting tax available that make tax returns incredibly simple. The software takes everything into consideration such as franking credits, currency movements and anything else that may affect returns. Sharesight paints a true picture and is a fantastic tool for comparing historic returns from multiple funds against each other. And the best thing about Sharesight is that it’s free if you have no more than 10 holdings. Find out more about Sharesight by listening to a podcast I did with them.

Pocketbook

My number one recommendation for anyone asking me about saving money has always been to track your expenses! You don’t have to do anything else other than that and I guarantee you that you’ll save money by doing so. I have been using Pocketbook since 2012 and it makes categorizing expenses and seeing how much I spend in a week/month/year super easy. This is an imperative step in the journey to FIRE. If you don’t know how much you spend each month/year, how do you know how much you need in passive income to reach financial independence? You don’t! The earlier you start tracking the better. Pocketbook integrates directly to your online bank and performs a lot of the leg work for you.

 

 

Investing

Vanguard (ETF)

Vanguard2

One of the worlds most reputable index-tracking investment companies. Super low fees and a rock-solid track record of more than 40 years in the business. It’s easy to see why the likes of Warren Buffet has been on record saying investing with a passive index tracker like Vanguard is probably the best investment for the majority of people.

BetaShares (ETF)

BetaShares1An Australian investment company that is one of the leading managers of ETFs with over 44 ETF products for investors to invest in and managing more than 6.4 billion dollars of assets.

Betashares offer what I consider to be the best Australian based ETF in the world, which is none other than A200. This ETF boasts an incredible MER of 0.07% which makes it the lowest management fee of any Australian ETF ever!

Milton:MLT (LIC)

Low-cost high cash flow listed investment company which we personally invest in. You can see why we choose to include Milton in our portfolio in a post about our investment strategy.

 

Australian Foundation Investment Co:AFI (LIC)

Another Low-cost high cash flow listed investment company which we personally invest in. AFI also have the added benefit of DSSP. You can see why we choose to include AFI in our portfolio in a post about our investment strategy.

 

Side Hustle

Point Hacking

Have you ever heard of those insane stories how some dude managed to fly around the world in business class for less than it costs you for a return trip to Bali? I’ve been doing point hacking for over 5 years now and it’s essentially taking advantage of credit card signup bonuses to get flights and insurance at a heavily discounted price (sometimes free). I use points hack as it’s Aussie focussed and has a good community around it.

 

Matched Betting (Affiliate Link)

Risk-free* online betting…Sounds like a pipedream right? Don’t let the name fool you! Matched betting is not gambling but it takes advantage of the big signup bonuses amongst other things that the betting agencies used to lure people in. The closest thing I can compare it to is signing up for credit card points to use on flights but matched betting is a lot more lucrative and easier IMO. To find out more, have a listen to the podcast I did with Nico from Bonus Bank.

*Human error can result in losses. Make sure you fully understand how matched betting works before trying this strategy out

Online Income – Website Host (Affiliate Link)

RelentlessI’ve used Relentless hosting for over 3 years and their customer service is second to none! Starting this website has been one of the best decisions I’ve ever made. If you want to start a website as a passion project, online business or hobby, I highly recommend the guys at Relentless to give you quality Australian based hosting with excellent support.

 

Books

Coming Soon

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