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 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, so anything written in this blog is either of a general nature or is specific to my situation/perspective. Make sure to do your own research, and where appropriate seek the advice of a professional.
Latest from the Blog
Not a significant change this month – I did make a purchase of a parcel of shares, but the overall change in my FIRE tracker was minimal. Net worth total at the end of September 2021: $664,601Increased since last month: $9,319 or percentage-wise 1.4%Total assets minus estimated tax owing: $636,886Progress towards new target of $2.6Continue reading “Update: September 2021”
It’s been a while since my last post! Since getting back to work again I haven’t had much to add to the general part of this blog. So instead it’s time for another net worth update. As expected, due to taking time off work last month, it was a fairly low income month. However IContinue reading “Update: August 2021”
This past month has been pretty good – not too many expenses this month! I also got to have some much needed rest and relaxation during my break. Of course, I do expect that next month’s income will be relatively low as a result! Net worth total at the end of July 2021: $ 631,865IncreasedContinue reading “Update: July 2021”
I’ve finally bit the bullet and taken some time off from work to recharge! The vaccination rollout doesn’t look anywhere CLOSE to being finished and there was no way I could keep continuing to push myself. So I just took 2 weeks off to have a staycation! Staycations are great from a FIRE perspective sinceContinue reading “Staycations!”
End of another month – and EOFY! This month has been expensive… but at least it was a 3-fortnight month which helped to offset that! Net worth total at the end of June 2021: $611,402Increased since last month: $18,183 or percentage-wise 3.1%Total assets minus estimated tax owing: $589,084Progress towards new target of $2.6 million (inContinue reading “Update: June 2021”
As the end of financial year approaches, it’s time to get all your paperwork in order in preparation for tax returns! Even if, like me, you’re hiring an accountant to do your taxes – you still need your paperwork to make the process easier and ensure you don’t miss out on any tax deductions. SinceContinue reading “EOFY: Paperwork Time!”