Welcome
This is a blog about my journey towards financial independence/retiring early in Australia, with the aim of continuing to earn a high passive income after attaining FIRE. Many blogs in this sphere are focussed on financial independence through extreme savings and a fairly lean income at retirement, and are often directed towards those with a low to average income during working life. Those blogs are still great and that style of FIRE is completely valid! However my aim as a higher income earner is to try to attain financial independence while enjoying my life during the journey there, as well as setting myself up for a very comfortable life after retiring from work – sometimes referred to as FatFIRE, though I prefer the healthier sounding term coined by Aussie HIFIRE. This blog therefore will be about my journey towards this goal – and the optimisation to my lifestyle that will still be necessary to achieve it!
Disclaimer: I am not a financial advisor or an accountant, and nothing on this blog constitutes financial advice. I do not monetise the content or make any income from this blog. Anything written in this blog is either of a general nature or is specific to my own situation and should not be taken as a recommendation in your own situations. Make sure to do your own research, and where appropriate seek the advice of a professional.
Latest from the Blog
Mortgage Costs
Why am I choosing to pay down extra on the mortgage right now? Honestly the main reason is to free up more cashflow and give myself breathing room. Let’s take a look at how my mortgage payments have changed over the past 2 years. Initial ratesInvestment Property – 3.8% – $1974/monthProperty 2 – 2.29% -…
Solar Electricity Savings
Today I went back and looked at my electricity bills over the last few years, and I really am impressed by the savings from our solar system! We were lucky enough to already have panels installed when we purchased our property, so no initial outlay for the installation (though of course, it would have factored…
Mortgage Amortisation
OK, so after my last post I really started to talk myself out of paying off my mortgage quickly. So I decided to sit down (for several hours!) with an excel spreadsheet and actually run the numbers. All the figures have been adjusted for an inflation rate of 3%, with a real return of 6%…
Investing With a Mortgage
Disclaimer: This post is NOT financial advice or a recommendation about what you should be doing – merely an exploration of my thoughts on the topic. Does it make more sense to focus on paying off my mortgage(s) quickly, or to invest that money instead? Or is it best to do a bit of both…
EV Savings Tracker!
Having bought a new car, for quite a hefty price tag, I am determined to earn back the value of the car over it’s lifetime! Since it was an EV, and I am able to claim part of my expenses as a tax deduction, I’m hoping that I will be able to recoup my upfront…
How To Pay For A New Car
Disclaimer: This post is NOT financial advice or a recommendation about what you should be doing – merely an exploration of my thoughts on the topic. It sounds obvious right? Pay in cash outright, or if absolutely necessary, pay using a loan at the lowest possible interest rate. However, it’s not that simple. A higher…
Chasing FIRE Down Under 