Reading Time: 3 Minutes The Australian economy has been stopped in its tracks due to the Coronavirus lockdown. Personally I’ve been fortunate that I am still employed (for the moment) and have a paycheque coming in. But as you guys know, the majority of our net wealth is in residential real estate, so I’ve been mentally preparing myself for the increasing likelihood that one, some, or God forbid, ALL of my tenants will seek some form of rent relief. And lo and behold, it happened today: Hello The Frugal Samurai, The drastic measures that the government has put into place right across Australia to ensure a flattening of the curve,…
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5 Ways To Accelerate Wealth
Reading Time: 3 Minutes Good news Sydney! Looks like we are about to emerge from our Coronavirus cocoons real soon. “Whew” (wipes brow). But we have to stay vigilant people! Continue to fight the good fight. Still, being out to venture outdoors and seeing a friendly face is a welcome change. Mind you, I have been doing some thinking during this lock-down period. What on? Well, on ways to accelerate my wealth. Nothing too fancy like taking out butterfly options or land-banking R3 lots. Nah, just simple and easy things anyone can do such as… Using other people’s money You see guys, one of the biggest difference between how the wealthy…
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April Net Wealth Update
Reading Time: 2 Minutes Howdy folks, Time for another net wealth update! Before I begin, I wanted to put it out there that these updates are just a way for me to stay accountable to my personal FIRE journey, nothing more nothing less. I put my goals public and keep it transparent so I can get out of my comfort zone – something 2010 TheFrugalSamurai would NEVER have imagined doing. Anyway, if you like the updates – let me know in the comments below! Oh and another thing, some people have asked me why I don’t use a fancier calculator to work out my net wealth and make it look…
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The Way We Think – 9 Cognitive Biases
Reading Time: 4 Minutes The market has bottomed, buy buy buy!!! The market has more to fall, sell sell sell!!! Hi guys! So those are the two main themes out there regarding the state of the market. Those two messages are polar opposites of course, and just like Arthur Fleck, the last couple of months has left you confused, exhilarated, disturbed and above all, in shock. So why are there two distinct views at the opposite end of the spectrum? It’s because of the way we think. Or more specifically, our cognitive biases. Cognition You see, most of us like to think we are rational people, in that we are…
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15 Personal Finance Habits Everyone Should Follow
Reading Time: 3 Minutes Howdy all! Recently I received a question from a loyal reader named JD regarding a cheat-sheet of personal finance habits everyone can follow. Good money habits start with keeping what you’ve earnt, which leaves more $$$ left-over for investing! Here’s a quick list, enjoy! 1. The most basic one, is to start paying better attention to your finances. MrsFrugalSamurai has come leaps and bounds with her personal finance habits since our dating days. Back then… well at the risk of a frypan to my face, let’s just say it wasn’t… ideal. But now, she’s turned into a money whizz! Keeping track of her expenses ensures she…
