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It’s Michelle here from FrugalityandFreedom.com, bringing you the latest #AusFIWeekly. Each edition is a handpicked selection of great financial independence links, news, and events from Australia and beyond.
This week’s edition has been lovingly crafted by another guest curator: Burning Desire for FIRE! Over to you…
Hi everyone, Frogdancer Jones from Burning Desire for FIRE here.
I’m not your average FIRE blogger – I’m in my mid 50’s, I’ve achieved FI but am yet to RE. (Though I am planning to go part-time next year on what I call a glide-path to retirement.) I’m single, female and have 4 boys in their twenties.
I write from a late-starter’s perspective, but coming from the viewpoint of someone who started with literally nothing ($60 cash and 4 boys under 5 years old.) I’ve been able to achieve financial independence on a teacher’s wage as a single parent.
I also hate Maths, which makes me definitely different from the average spreadsheet FIRE nut! Hope you enjoy the posts I’ve selected.
BurningDesireforFIRE.com | Twitter @Frogdancer3
Australian Links
The Scariest Financial Decision of All – Burning Desire for FIRE
“I knew that if I breathed a word about it, then I’d be forced to act. Once people know what’s going on, it forces you to confront your choices. It was easier to be an ostrich and try and let things go.”
Pat the Shuffler’s LIC Discount Estimator – Life Long Shuffle
“Sometimes LICs (Listed Investment Companies) can trade at a premium or discount to the underlying value of the assets they carry. But LIC managers only need to report the NTA (Net Tangible Assets) per share once per month! That leaves 30 days of not really knowing if a LIC is fair value or not. So I created this estimator for myself and figured it would be a great idea to share it!”
The FIRE Philosophy – What the FIRE Crowd Gets That Everyone Else Misses – Strong Money Australia
“Time is our most precious resource. Probably everyone hears this, and to a certain extent they believe it too. But the difference with the FIRE crowd is, we live it! Our actions are in harmony with this belief. We’re working hard now, to create as much future free time as possible.”
I Am Your Shield, I Am Your Sword – Everything You Wanted To Know About Emergency Funds – Aussie HIFIRE
“One of the biggest benefits of having an emergency fund is the peace of mind you get from knowing that if something were to happen, you’ve got plenty of money readily available to sort it out.”
Australian Events
Brisbane: Mustachians Australia – South Brisbane MMM Monthly Meetup, Sat 26 Oct 1pm, Holland Park
Canberra: ChooseFI Australia – Canberra Meetup, Sun 20 Oct 2.30pm, Fyshwick
Melbourne: FI Meetup Melbourne – Monthly Wed Night Meetup, Wed 16 Oct 6pm, CBD
Sydney: Mr Money Mustache Sydney Tribe – Meetup: The Optimisation Council, Sat 2 Nov 12.30pm, Darlington
+ Auckland NZ: FIRE & Mustachian Meetup, Sat 9 Nov 2pm, Mt Eden
Michelle is hosting this one while in Auckland! Let your Kiwi friends know.
International Links
Avoiding the Trap of Financially Dependent Children – The Simple Dollar (US)
“The big question is: ‘is this choice really moving my child toward financial independence?’ Start using that question as a filter for all of your parenting decisions, even at an early age, but particularly as they grow older. That question will nudge you toward more independence for your child and an expectation that they earn things rather than having things given to them, both of which are key lessons. It will also nudge you toward having them learn and practice basic life skills.”
The 3 Numbers That Can Make You A Millionaire – The Escape Artist (UK)
“This mystery is not difficult to solve. The maths is simple. You probably have enough to never need work again, if you have 25x your annual spending.”
35 Excellent Money Quotes You’ve Never Heard Of Before – Budgets Are Sexy (US)
“I was going to paste up a bunch of the most popular money quotes here today, but then figured it might be more fun to share some of the more obscure ones. 🙂 So please enjoy, 35 new one-liners you can add to your motivational repertoire.”
Don’t Tell Me You Can’t Get Inspired – Freedom is Groovy (US)
“Habits and routines can make you succeed at just about anything. Yes, talent and inspiration have their place, but they’re elusive. And so what if you don’t become THE BEST? You’ll get better, that’s for dang sure.”
Thanks again to Frogdancer Jones of Burning Desire for FIRE for curating this edition!
Do you fancy yourself as a guest curator? Got some other Australian events or favourite blogs to include? Get in touch.
PS. Subscribe to get Australian FI Weekly in your inbox each Monday.
2 comments
Awesome list and thank you for the share! We’ve been trying to find some good Aussie FIRE blogs for a while now, great to see them in one place. There’s a few other blogs we follow as well both Oz and US based – The Frugal Samurai (he’s Aussie), Mr Money Moustache, Frugalwoods
Hi Martin, thanks for your comment! Glad you got value from Australian FI Weekly. I know the Mr Money Mustache and Frugalwoods blogs well – they were ones I enjoyed early on in my financial independence journey and I was thrilled to meet Pete and Liz on my travels through USA last year. I appreciate the tip about The Frugal Samurai – I’ll check him out!