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. 🔥


Quick update for September.

The biggest highlight? My daughter turning one 🎂🥳.

People always said, “Enjoy it while they’re young, it goes by fast,” but seriously, it feels like we were just bringing her home from the hospital yesterday.

Time flies!

Net Worth Update

A bit of a strange month for the net worth.

Our assets had a fantastic bump across the board, but the company had a big tax bill, which pretty much wiped out all the September gains.

In other news…

Our PPoR split loan just came off its fixed rate and jumped from 2.99% to 6.4%—ouch!

Now that it’s variable, I’m planning to debt recycle this split loan. I’ll be using some of our cash and selling our VAS shares to buy A200. I ran this by my accountant, and it’s all good on the ‘wash sale’ front.

The trust will need to distribute some capital gains, but that’s not a big deal since most of it came from dividends anyway.

After this is done, we will have a slightly more consolidated portfolio and a 100% debt-recycled PPoR loan 🥳.

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*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

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Shares

The above graph was created by Sharesight

Epic month across the board!

Question: Why do we have A200 & VAS?
Answer:
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. 

Networth

 

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

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The information in this website and the links provided are for general information only and should not be taken as constituting professional advice. You should always do your own research when making any financial decisions. 

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