Reading Time: 3 Minutes Yeah, I know what you’re thinking. ANOTHER clickbait article? I’d have to say unashamedly, yes. Please bear with me though, because this post is in response to a question I received recently from a dear reader, Rennie, who asks: Hi Samurai Interesting blog. I am most intrigued by this statement in your ‘About Me’ section: “Recently, I achieved a goal I set early on of $1m in net assets before 30.” Wow! This is really remarkable, and truly newsworthy on its own. But I couldn’t find much further about it in your posts. I think you would have many more interested readers if you made a…
-
-
How Much Super Do I Need To Retire?
Reading Time: 3 Minutes What is going ON people! Apologies for being slightly AWOL as I was pre-bloody-occupied. With what? Being busy, busy, BUSY OK??!! Ahem. Sorry, sorry. Calm TheFrugalSamurai, calm. “Takes deep breath”. So guys, today I wanted to discuss that pivotal question on every man, woman and child’s mind… How much do I need to retire? The answer is… it depends on the type of tyre, its current wear and tear and whether it can be rety… ohhhhh. Wait. How much? This much. “Spreads arms wide open”. No really, it’s this much: I got this from The Association of Superannuation Funds of Australia (link here). ASFA as they…
-
Case Study – $1.1m to Invest, Now What? Part 2
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…
-
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…
-
How Does Sentiment Affect Real Estate Prices?
Reading Time: 3 Minutes ARGH!!! “Shakes head vigorously” Brrr, bloody real estate. Really doing my head in. You see guys, I’ve got too much choice available at the moment. After our latest hunting trip back from the West Coast, I’ve drawn up about a dozen or so properties which I aim to make offers on. Mind you, not to acquire a dozen, I reckon one, hopefully two max. The problem at the moment is that with choice, I don’t really know where to begin. It doesn’t help that the bargain hunter in me is wanting to low ball the Baby Jeebers out of any deal… In fact, I’ve already blown…
