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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.
I’m introducing a new monthly series to celebrate the achievements of Australians on the path to FI. Whether you’ve paid off your debt, hit a net worth milestone, welcomed a new member to your family, changed jobs, got a promotion, read 10 finance books, discovered a new frugal hack – I want to hear from you!
Fill in this survey with your short news update by Wed 27 Nov for inclusion in the inaugural edition. All Aussies welcome.
New posts on FrugalityandFreedom.com
- “Building Freedom” Guest Post on LifeOutsideTheMaze.com
- Everything You Wanted To Know About Housesitting
- FI Glossary – Understanding Financial Independence Terms in Australia
Australian Links
At No Time Since 1900, If You Invest In The ASX Index for 10 Years Would You Lose Money! – Mawer Money
“Have you heard the saying ‘Time in the market not timing the market’? I decided to analyse the numbers to show the minimum and maximum returns of different investment horizons since 1900. The results are fascinating indeed.”
Coast FI – The Most Important Milestone On The Way To Financial Independence? – Money Flamingo
“Coast FI is the point at which you have saved enough to get to FI by the time you reach the traditional retirement age without having to make any further contributions to your nest egg. Once you reach this point you can stop saving altogether. As long as you don’t touch your nest egg, it will generate enough income in retirement – thanks to the magic of compound interest.”
Your Heresy Shall Stay Your Feet – Why You Shouldn’t Just Invest in Equities – Aussie HIFIRE
“The most popular approach to reaching FIRE here in Australia seems to be investing solely in equities, either Australian only or with some international shares as well… Given the great returns that shares have had historically and especially over the last 10 years or so, it’s easy to see why this is a popular strategy. Which is why I wanted to write about how it’s probably not actually going to be the best idea for most people.”
18 Ways to Build Passive Income that Work in Australia – Financial Autonomy
“I’ve been researching all the ways one might go about generating Passive Income. Unfortunately, many of those found on the web won’t work in Australia. So I’ve produced a custom list especially for those of us on the largest island in the Southern Hemisphere.”
Australian Events
Adelaide: FI/RE & Mustachian Meetup – Sat 21 Dec 2pm, CBD
Want to meet Michelle in person? This is where you can do it!
Brisbane: Mustachians Australia – MMM Brisbane North and South Christmas Picnic – Sun 15 Dec 1pm, New Farm
Canberra: Playing with FIRE Community Screening + Discussion Panel – Wed 4 Dec 6pm, Bruce
Melbourne: FI Meetup Melbourne – Monthly Wed Night Meetup, Wed 18 Dec 6pm, CBD
Perth: Choose FI Perth – December Meetup, Sun 8 Dec 11am, Kings Park
Sydney: Mr Money Mustache Sydney Tribe – Christmas Picnic, Sat 7 Dec 12.30pm, Inner West
International Links
How (And Why) To Calculate Your Liquid Net Worth – Four Pillar Freedom (US)
“While your net worth gives you an idea of the total value of your assets minus your liabilities, your liquid net worth tells you how much cash you could actually have on hand immediately to use for these types of (emergency) expenses.”
The Good Times Paradox – 20SomethingFinance (US)
“During good economic times, when we see income gains and low risks, we let our finances slip. We let our guard down. Our spending increases, savings rate declines, and personal debt increases. The Good Times Paradox effectively erases the human adaptation of planning for the future.”
The Case for Giving on the Road to Financial Independence – ESI Money on Physician on FIRE (US)
“There are some great benefits to giving for both the recipients and the givers… While the math does tell us it will slow down your FI journey, obviously it won’t completely stop it. You’ll still get there. And if you’re a giver, studies say you’ll be happier about it when you do.”
Have-Do-Be or Be-Do-Have? That is the Question! – Tawcan (Canada)
“Instead of the Have -> Do -> Be path, what we really should be following in life is the Be -> Do -> Have path… Happiness should not be externally driven. When we are happy and content with ourselves, this is when we can do what we want to do. Because we’re already content with our lives, we are empowering and allowing ourselves to do things without judging ourselves or allowing others to judge us. Because our belief system has changed, we no longer fall for the “keeping up with the Joneses” fatuousness.”
I hope you enjoyed these handpicked links. Don’t forget to fill in this quick survey with a highlight from your month to share. Can’t wait to hear it.
Yours in pursuit of FI,
Michelle @ Frugality and Freedom
PS. Subscribe to get Australian FI Weekly in your inbox each Monday.
2 comments
Thank you for sharing our content with your tribe in the land down under!
ESI Money and I believe that giving and FI go hand in hand and we thank you for helping to spread the word.
Cheers!
-PoF
You’re welcome, PoF. I was glad to give this topic more air time. I agree that giving can be a core part of FI plans. For me, my index funds and income-producing assets are only one part of my “investment portfolio”; I also aim to invest money towards positive change in the world around me. I’ll happily delay my FI date a little if it means I can lift up other people and good causes. Thanks for stopping by.