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 Frugal Samurai Interview Series – Alex and Ellie from HisHerMoneyGuide
Reading Time: 4 Minutes Howdy guys and gals! What’s going on! I thought I would continue on with another post from our interview series, where we showcase high profile Aussie FIRE and personal finance bloggers. Alex and Ellie from HisHerMoneyGuide This time round, we have a husband and wife duo who are both passionate about financial independence! SO important to be on the same page as your life partner, as these two will show… Hey you two, so where can people find you on the internet? We’re blogging on our plans for a high income early retirement at https://hishermoneyguide.com/ How old are you are both and how long you’ve been…
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Oil – Time To Buy?
Reading Time: 3 Minutes Howdy everyone! Fantastic news I just HAD to share with y’all… yours truly made the front page! Which front page? Personal Finance Blogs of course! The very BEST of personal finance bloggers around the world. Seems like my post on 15 Personal Finance Habits Everyone Should Follow really resonated. Woot! Truly, a humbling experience to be in such esteemed company. Anyway, apart from that exciting tidbit, I’ve been doing some thinking. Ever since I wrote the previous post a few days ago on the collapse of oil, I’ve been wondering whether maybe we should actually be buying oil? Oil Hm, I mean, we all know what…
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Virgin Oil
Reading Time: 2 Minutes What’s up guys! What a difference a few days makes. Oil below zero, who woulda thought. Certainly I’ve never encountered nor learnt about this in the textbooks. You see, over the weekend the price of oil dropped down to -$37.50. Which meant if you wanted a barrel of oil, the seller would gift it to you, AND pay you $37.50 for the privilege. The reason is because of COVID-19, or rather the lack of global consumption as a result of the lockdowns from COVID-19. But how can the price of something be negative? Well, in short – the price of oil is actually a futures contract,…
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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…
