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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 How To Money! Take it away…
Hi, I’m Kate, the Founder and Host of How To Money (HTM). My mission at HTM is simple: to help young Australians understand money and help guide them on their financial journey. From budgets to shares, young Australians should know how to secure the best financial future for themselves. I created this platform to share my personal finance journey, and just as importantly, mistakes which have helped me sort out my finances and start investing.
howtomoney.online
Twitter @HowToMoneyAUS
Instagram @HowToMoneyAUS
Australian Links
Online Learning Resources to Use While in Isolation – How To Money
“As many of us are keeping safe inside at the moment, a great way to distract yourself from the headlines is to focus on learning new things. I’ve put together a list of some of the resources I’ve found and/or used recently during this time.”
How To Avoid the COVID-19 Analogy Trap – Matt Joass
“There is an awkward truth at the root of most cognitive biases: humans are lazy. Our big brains take a lot of energy to get fired up, so wherever possible we like to use the quickest shortcut that we can find. This is the efficient path, so it makes sense most of the time. But in moments of great change – like this one – efficiency can lead us deeply astray.”
Life and Money in the Time of COVID-19: Aussie FI Roundup – Pearler
“As COVID-19 financial panic has gripped the globe over the past few months, over at Pearler we’ve had the privileged position of talking to many people in the FI community. Through this process, we’ve got some incredible insights on the strength and resilience of our community that we thought are worth sharing. So, we asked the Aussie FI community how COVID-19 is impacting their FI plans, and for their best tips for others who’re also on the journey.”
Money School: Become Financially Independent and Reclaim Your Life [Book] – Lacey Filipich
“From maximising your income and cutting costs without big sacrifice, to property, shares and retirement funds, Money School explains exactly how to build a passive income that will completely change your life.”
Australian Events
Until we can meet in-person again, here are some free online events you might enjoy.
18 May 7pm AEST – Property Development 101 – Ladies Finance Club
21 May 6.30pm AEST – Making Money Moves During Covid-19 – Ladies on FIRE meetup
21-23 May 12pm daily AEST – COVID-19 & Money: Finding Financial Success in Economic Crisis – SkilledSmart
International Links
Is the Quarantine a Dry Run for FIRE? What’s Similar & What’s Different – Retire By 45 (US)
“It’s really helpful to set up a daily and weekly routine with your spouse/partner. Once you get into a nice groove, it becomes second nature. The second tip is to occasionally break out of your routine and do something totally different every once in a while.”
Life is Easy. Why Do We Make It So Hard? – Safal Niveshak (India)
“The lockdown proves otherwise. I am sure, like me, you may have realised that so little is needed to survive and feel secure and happy at it. The lockdown also proves that most of us have “enough” to live with contentment, if we may choose to live that way. However, because “fear and discontent” sell better than “security and contentment,” the former is what we get used to live with most of our adult lives.”
A Modern Approach to Financial Independence – Four Pillar Freedom (US)
“If you’re on the path to saving 25x your expenses, yet there’s a high probability that you’ll earn at least some income after reaching this point…what’s the point of waiting until you have 25x your expenses to quit your day job?”
18 Ways To Make Use Of The Extra Time On Your Hands – Darius Foroux (Netherlands)
“Think about this for a minute. Eventually, life will get back to normal. We will all go to the gym, restaurants, office, and so forth. We will visit our family and friends in their homes. We will shake hands again. When all this is over, will you be satisfied with the way you’re currently spending your days?”
Thank you to Kate from How To Money for selecting today’s financial independence features. Learn more about her story at howtomoney.online
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
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