Aussie Firebug

Financial Independence Retire Early

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 🔥

We managed to fit in a quick little end of season snowboard trip in September 🏂.

There was a killer deal going and after being cooped up inside the house for so long, we didn’t particularly care that the snow wasn’t great, or that all the runs weren’t open. We just wanted some adventure back in our lives.

Mrs FB was still on school holidays and I decided to take advantage of my newly found freedoms being a freelancer with a decent amount of passive income flowing in from our portfolio. I remember saying to Ms FB on the chairlift…

“Isn’t it incredible that we can do this on a Monday… like I know you’re on school holidays atm, but the fact that we have the option to do this without financial or work worries is incredible. It’s the little things like this that made us pursue FIRE in the first place!”

I even tweeted about it because a lot of FIRE content focuses on how to get to financial independence but not so much about the life it can create for you.

And we haven’t even reached full FIRE yet. But the flexibility of being a freelancer with a portfolio that covers more than half our expenses is bloody liberating. Mrs FB has begun the process of weaning off full-time work starting from next year which is very exciting 👏. She’s moving from full time to 4 days a week which will be huge. Just dropping one day a week adds an extra 52 days off a year. And it also helps both of us adjust to a life that’s not dominated by work commitments which is fun to think about.

Net Worth Update

It’s as if the market gods knew we were really, really close to the $1M mark 😂😅.

Not a great month with the downturn in the markets and me not clocking up that many days for my business. We also had the improv snow trip and the endless amounts of furnishings we’re still getting through for the house (when will it end?).


Our expenses continue to level out after all the massive one-off purchases from earlier this year.

*Investment income is simply 4% of our FIRE portfolio divided by 12


Our last investment property (IP2) has officially hit the market now! Really keen to see how it performs and depending on how quickly it moves, there’s a chance that we might have everything settled before the end of the year. Really exciting to think about a completely passive portfolio 😁

Property 1 was sold in August 2018

Property 3 was sold in April 2021

The current value of our properties is a rough guesstimation based on similar surrounding properties. I only really update these when we get an official bank valuation


The above graph is created by Sharesight

A decent dip in September but I can’t say I wasn’t expecting it after all the gains we witnessed in August. We purchased $5K worth of VAS in September too.



Download My Networth Sheet

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

Australian FIRE Calculator
Send it!
Get Calculator!
Get FREE Aussie Firebug updates, tips and tricks, and exclusive content!
No spam. Unsubscribe anytime.
Download My Networth Sheet

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


Stay Connected!

Join others who get FREE Aussie Firebug updates, tips and tricks, and exclusive content!