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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.
Every second week, I welcome a member of our local FI community to select some favourite financial independence links (archives here). Today’s Australian FI Weekly guest curator is Highway to Retirement! Over to you…
Hi everyone! I’m Mitchell from Highway to Retirement and I’m a 21 year old financial independence blogger from Queensland. I have been blogging about my journey towards retiring by 30 and travelling the world. Most of my posts are centred around the benefits of investing in different industries and saving money, plus I post a stock pick every Friday. I hope you all enjoy the Australian and International FI links curated by me.
highwaytoretirement.net
Twitter @highway2retire
Facebook @highwaytoretire
Australian Links
Should You Really Worry About A Recession? – Highway to Retirement
This is one of my recent posts about whether the FIRE community should worry about the upcoming recession. I really enjoyed writing this one, and I hope you enjoy reading it just as much.
Silver Linings in the Dark COVID-19 Cloud – HisHerMoneyGuide
“While we might face a short term loss in our dividends, the larger upside would be buying shares at a discount, enabling us to buy more of them than we would have previously. This in turn could allow us to build our required early retirement income base even sooner.”
Working From Home: Tax Deductions – Sustainable Living
“With Covid-19 restrictions, there’s a lot more people working from home. Waiting until the end of the financial year to figure out what deductions you can claim for working from home is too late. It needs to be done now.”
Lessons from the Financial Independence (FI) Community – Downunder Dad
“The individual concepts around the idea of FI have existed for generations, however they seem to have grown obsolete and recently been rediscovered. In a cult-like way.”
Australian Events
While we can’t meet in-person, here are free online events you might enjoy.
4 May 6pm AEST – Women & Wealth: How to Create a Life of Financial Success by Skilled Smart
11 May 8.15pm AEST – Money Chats with Victoria Devine & Glen James, ‘Australia’s largest online money meetup’
13 May 7.30pm AEST – Finimize Australia Presents: Financial Health Check During a Pandemic with How to Money founder, Kate Campbell & Money School author, Lacey Filipich
International Links
Leveraged Real Estate vs All Cash During Pandemic – FIRE On The Plains (US)
“… there are additional benefits to owning leveraged property such as mortgage pay down and interest write offs, but those also come with more risk.”
There’s No Refund on Dividends – MrFree@33 (US & Thailand)
“This “no-refund policy” on dividends is a great aspect of being a dividend growth investor. You can keep yourself invested in the market for the long term without losing any sleep, because you know your dividend income stream will be fairly intact and paid dividends are always yours to keep.”
How Often Are You Watching Your Money Grow? – Route2FI (Norway)
“If the whole point of saving money in my stock account was simply to watch the numbers grow, then that’s just another form of entertainment like Netflix, brewing beer or going out to party.”
Four Steps to FI – Part 1: Annihilate Your Debt – FI After 40 (US)
“It’s hard to imagine being debt free when you’ve grown accustomed to the weight. It’s hard to break the habit. But I can attest to the fact that it’s very possible. Not only that, but ridding yourself of debt is a practice that self-accelerates.”
Thank you to Mitchell from Highway to Retirement for today’s selection of financial independence links. Follow along his journey at highwaytoretirement.net
Want to be an #AusFIWeekly guest curator? Got other Australian blog posts to recommend? Get in touch.
Yours in pursuit of FI,
Michelle @ Frugality and Freedom
PS. Subscribe to get Australian FI Weekly in your inbox each Monday.
4 comments
What an amazing list of content. Can’t wait to read through! Thank you for including something from my site. So nice to be supported by others in the FI community.
You’re welcome! It was a good post, FI After 40, and I’m glad Highway to Retirement brought it to our attention. Looking forward to reading more from you in future!
Fantastic resource, gotta love the Aussie FI community 🙂 Thanks for featuring my all-time most-popular blog post. Love your work.
Glad you enjoyed it, Downunder Dad! Yes, there’s a growing community of Aussies sharing our stories towards financial independence. Most popular post, hey? Well, looks like there’s a good reason for that. It was a great read.