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Welcome to another edition of #AusFIWeekly. It’s Michelle here from FrugalityandFreedom.com, bringing you this regular selection of great financial independence links, news, and events from Australia and beyond.
As 2020 pushes along, I hope you’re making headway on your finance and lifestyle design goals. Got some news, frugal hacks, milestones or new tactics to share on your FI journey in Australia? Share your February highlights via this survey to be featured in an end-of-month post! Now, on to today’s links…
Australian Links
Weathering the Storm – Investing through the Global Financial Crisis – The FI Explorer
“For most people encountering a market downturn or crisis early or mid-career, potential lifetime earnings from work (i.e. human capital) will still be your largest asset. It makes sense to focus on that, work hard at maximising your human capital portfolio, which is far more in your control, rather than seek to over-optimise on managing your smaller pool of liquid investments.”
Why Your Money EQ Matters Just As Much As Your Money IQ – The Happiness Investher
“What’s the secret to financial success? Does it boil down to how much money you have, how much you know about money, or does how you feel about money make a difference?”
My Financial Independence Investment Strategy – Captain FI
“Whilst I am being mindful with my spending, saving and investing for a baseline Financial Independence, I know that the Get FI Portfolio doesn’t need to last me forever – only around 25-30 years until I can access my super nest egg which would then do the heavy lifting. This means although I am basing my FI number on the 4% rule, I could actually draw it down at a much higher rate.”
Five Different Budgeting Styles – and How We Budget – A Family on FIRE
“Having a budget puts you in control, so that you know exactly where you stand financially… The budgeting method needs to be effective too. There’s no point in having a budget if you won’t follow it. I’ve had budgets over the years that just didn’t work for me, either due to complexity, or because it was too hands on. It’s important to find something that gels with you, because will make you more likely to stick with it.”
Australian Events
Brisbane: Mustachians Australia – South Brisbane March MMM Meet Up – Sat 21 Mar 1pm, Holland Park
Melbourne: Ladies on F.I.R.E. meetup – Your Pathway to Wealth in 2020 – Tue 18 Feb 6.30pm, Richmond
Perth: Choose FI Perth – March Meetup – Sun 8 Mar 11am, Kings Park
International Links
ABCs of Wealth: Guest Post by Vicki Robin – Triple Bottom Line FI (US)
“If you prioritize these natural forms of wealth and capital during your financial accumulation phase, your arrival at financial independence (FI) may come sooner, last longer and be happier by far.”
Why You Should Design Your Life Before Reaching Financial Independence – The Fioneers (US)
“I thought the only path was to stay in traditional employment for the next 10 years until I could retire. Then, I could do the things I wanted… I learned that I could use my financial freedom to make my life better now. I didn’t need to wait until I reached full financial independence.”
FYF 005: Everything you need to know about Financial Independence, Retire Early (FIRE) – Find Your Freedom podcast (US)
“…What it is, how to achieve it, and tips for getting there faster. Plus the definitions of terms like LeanFIRE, FatFIRE, and CoastFI, and concepts such as the Rule of 25, the 4% rule, and the 6 stages of Financial Freedom.
An Open Letter to Anyone Seeking Financial Independence – Abandoned Cubicle (US)
“Financial Independence is nice, but it’s not LIFE. Life is growing up and making friends. Life is exploring the world, whether it’s the ins and outs of your town or village or the world across oceans. It’s learning and sometimes getting hurt in the process. Life has moments of drudgery and slog. It also has moments of utter joy… If you want to pursue a more meaningful “why”, and Financial Independence helps you get there, then go for it. Just don’t expect FI to be the magic happiness beans that I fear many who pursue it think they’re going to get.”
Do you fancy yourself as a guest curator for #AusFIWeekly? Got some other Australian events or favourite blogs to include? Get in touch.
Yours in pursuit of FI,
Michelle @ Frugality and Freedom
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