Reading Time: 4 Minutes Welcome back folks! Are you ready for part 2 of the case study? In which we answer a question MrsFrugalSamurai sent me: “Have $AU 1.1m to invest (recent inheritance) + $150k savings Current situation: Late 20’s income $100k, partner earns $100k No kids, no assets, no debt Aim is to be a homeowner and financially independent at some stage. How would others split it between: PPOR (principal place of residence, i.e. primary residence) buy outright or deposit + mortgage Investment property Low cost index/ETF/Super Others?” If you missed part 1, or want a refresher – don’t fret, have a quick read of it here. Actually… you…
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Case Study – $1.1m to Invest, Now What? Part 1
Reading Time: 5 Minutes Wow what a day guys! Glad to see the end of it that’s for SURE. And you know what really capped it off? Yours truly somehow managed to step straight into doggy doo doo. Now normally I don’t mind a bit of dog poo, it’s a sign of vitality duncha know. Usually it sits there, quietly contemplating life and minding its own business. I respect that, it’s comfortable with the world. Unfortunately, JUST like asbestos… it’s deadly once disturbed. Man alive, I only found out AFTER I got back in the car. Driving down the main road during peak hour, suddenly I felt the peculiar need…
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LeanFIRE Going Overboard?
Reading Time: 2 Minutes Can I just say that I’m a little bit overwhelmed with FIRE these days… especially LeanFire. What’s LeanFIRE? That’s where you try to be “financially independent and retire early – FIRE” by being as “lean” as possible… Um so in other words, saving your way to being financially free. Why do I say I’m overwhelmed? Some of the FIRE social media groups which I am involved in, well, some of the posters take it to an extreme level, even for me. Some examples include: People not purchasing TOILET PAPER because they make do with a bidet and flannel cloth to dry off – it’s the 21st…
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1 Simple Step for Personal Finance Beginners
Reading Time: 2 Minutes What’s up everyone! How’s it going? Had a very interesting discussion at lunch with some work colleagues today. As you all know, we live in Sydney, Australia – an absolutely amazing place to be. Unfortunately that awesomeness is offset by the supreme cost of living, quid pro quo as they say! And this was the topic with my colleagues. One of them recently had a baby, and he was telling us about a trick he is employing for their future. Well, it’s not necessarily a trick but more of a life hack. Basically the guy loves Bubble/Boba teas, often guzzling 3 or 4 a DAY. So…
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LeanFIRE or FatFIRE?
Reading Time: 4 Minutes 7am on a Sunday morning what do you do? a) sleep, b) renovate your property with all the power tools you can find, c) sleep, If you chose a or c, congratulations! You are a normal person. If you chose b, well done! You are my next door neighbour and we look forward to replying in kind. Sigh, what we get for living in apartments I s’pose. Normally, I’m an early riser – so the noise wouldn’t be so bad – but not when you’ve been perusing some Facebook FIRE groups until the wee hours. There’s a few versions of the FIRE (financial independence retire early)…
