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. 🔥
My daughter turned two in September.
It’s a cliché, but bloody hell, it’s true. Time really does speed up as you get older.
Wasn’t it just yesterday that wifey and I were gallivanting around Europe without a care in the world?
Kids were always something we’d “get to one day,” and now they’ve rocked up, raising hell and melting down because The Wiggles came on instead of Bébé Finn (apparently, that was on us).
Why are they so damn cute when they tantrum though? That’s something I’d love Mother Nature to explain. It’s hard not to laugh and encourage them when they’re carrying on like a pork chop. But seriously, why so cute?
One of life’s mysteries, I guess.
So now I’m dealing with a toddler and a baby, who’s an absolute dream compared to her psychotic sister.
One minute you’re negotiating with a tiny dictator over not having Riff Raff at the dinner table, and the next you’re melting because they’ve wrapped their arms around their sister and said, “Love you, Sissy.”
😂🥰
Net Worth Update
Pretty quiet month overall. We had a few larger household expenses come through, but aside from that, it was business as usual.
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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
We didn’t buy any shares this month.
Networth
Time speeding up is not a cliche at all. Its partly due to fewer new experiences therefore fewer notable memories. My take home re this is to do as many new and memorable things as you can!
Given that shares are now over the $1M mark I wonder if you are considering/maximising your concessional super contributions noting that earnings are taxed at 15% and Capital gains on assets held for over 12 months is 10%. Alternatively would you rather have assets out of Super so you can access them as required?
Always love reading through this. Thank you for sharing. This sort of stuff keeps so many of us on track 👍
Love your updates AFB and all your new Postcasts. My little ones are turning 3 & 5 this month so we’re just a little bit ahead of you and Mrs AFB. Time definitely moves too fast, such a precious time and I’m with you on the too cute tantrums , they can be exhausting at times but still very endearing 💗
Sharesight picked up VEU/VTS dividends early but not A200?
Ha ha, AFB – just give it another 30 years! Time flies even faster the older you get.