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
Not much movement in net worth this past month – largely because we are planning a holiday over Christmas and pre-booked flights this month. Wiped out what would typically have been the month’s savings! The investment portfolio was also pretty stagnant. Net worth total at the end of August 2022: $706,975Change since July: loss ofContinue reading “Update: August 2022”
So…. my investing goals are taking a detour over the next few years. I’ve been considering my plans for the near future and have determined that, at least in the short-medium term, I am going to focus on saving cash rather than pouring it all into the market. Why is that, you may wonder? No,Continue reading “Changing Goals and Pivoting”
The stock market made a rebound this month – property on the other hand has been stagnant. In a time of rising interest rates this is unsurprising however. Net worth total at the end of July 2022: $714,495Change since June: gain of $20,262 or percentage-wise 2.9%Total assets minus estimated tax owing: $681,695Progress towards inflation adjustedContinue reading “Update: July 2022”
It was another tough month for the net worth tracker – investment values down across the board this month, both in the stock market and the property market. Net worth total at the end of June 2022: $694,233Change since May: loss of $24,299 or percentage-wise 3.3%Total assets minus estimated tax owing: $654,233Progress towards inflation adjustedContinue reading “Update: June 2022”
Time for a mid-year review – how am I tracking this year? Non-financial Goals Reduce takeout to a maximum of once a weekNo, this one isn’t going well! It’s been such a busy year that this goal has fallen by the wayside while other things have taken priority Reduce weight by 10kg by end ofContinue reading “Reflection Mid Year: 2022 Goals”
Well, my partner and I have settled into our new place. There’s still a lot to do but we’re still planning to take things slow with furnishing and fixing up the place. That said, we have made a start and there has indeed been some household spending! This month I’ve updated the tracker to reflectContinue reading “Update: May 2022”