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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 That Girl on Fire! Over to you…
Hi friends! I’m a 28-year-old copywriter living in Sydney, Australia with my husband, the affectionately named Captain Babestick (he has not approved this), and little rescue cat. I write about my favourite things ever. Minimalism and money. Intention and money. Generosity and money – the three things that underpin a successful financial life.
thatgirlonfire.com
Instagram @thatgirl_onfire
Facebook @TGOFire
Australian Links
The Beautiful Relationship Between FU Money and FI – That Girl On Fire
“Because the reality is, when we have no financial buffer, our ability to make large-scale decisions is halted and impaired. We become paralysed with the knowledge of how difficult things will be; even with the knowledge of how bad things are now. Financial independence is about bulletproofing your future with money, so that you earn an income separate from your day-to-day job. FU money is about bulletproofing your pride and your safety, so that you never have to depend on anyone but yourself right now.”
What I’ve Learned Living On Less (Series) – Luke Freeman
“It’s day 20 of my living on less challenge and so far I’ve averaged $1.79 per day for my food, taken 3 train trips and been a passenger in a car four times. I’ve raised an AUD equivalent of ~$1,140 to support some of the most effective charities helping to improve the lives of people in poverty. It’s not been a walk in the park by any means but I’ve certainly learned a lot. When I started writing this post I thought it’d be a few quick lessons – turns out I was very wrong. I’ve decided to break it up into what I’ve learned about people, food, poverty, fundraising and habits.”
Coast FI: The Most Important Milestone On The Way To Financial Independence – Money Flamingo
“I believe that Coast FI is possibly the most important milestone on the way to financial independence. Why? Just think about how many 50 or 60 somethings worry about not having enough money in retirement. Once you get to Coast FI, that is one thing you don’t ever have to be concerned about.”
Net Worth of 1.4M: Single Mom and Teacher With Four Kids – Frogdancer Jones on Millionaires Unveiled podcast
I just love this because it shows how you don’t need to be partnered up to achieve FIRE. Frogdancer Jones is a total badass doing it for herself, dispelling the myth that there needs to be two to financially tango.
International Links
Unusual Ideas About Self-Care (FIRE Edition) – Afford Anything
“Your financial and business problems are your personal and emotional issues in disguise. If you don’t heal an issue within your life, it will stifle you time and again when you try to start a side hustle, manage investments, or quit your 9-to-5 in order to create something meaningful yet unconventional.”
Recession Prep 101: Investing in Real Estate During a Financial Crisis – Bigger Pockets
“He’s not the only investor that feels that way. Many have been operating like 2008 never happened, and have lost their perspective on how bad things can be. In this current crisis, Scott says he sees a lot of investors who are suddenly snapped back to reality, once again catching a glimpse of the potential bad times that real estate can bring. Except we’re not college students anymore. As real estate investors, we have the gift of hindsight—and we can’t hesitate to use it to keep our risk tolerance in check.”
The Three Paths To Financial Independence – Millennial Revolution
“So here’s how this works. Your finances are in the middle of that triangle, and for your finances to be stable, all 3 corners of your Money Triangle have to be stable. If any of those corners collapses, it doesn’t actually matter how strong the other 2 corners are. Your Money Triangle collapses and your finances are left in ruins.”
The Joys of Working During an Economic Crisis – Mad Money Monster
I like that this presents a different perspective about why working is still important. I like how she challenges a lot of the traditional FIRE thinking too, especially with her FIOR (Financial Independence, Optional Retirement) concept.
Thank you to That Girl on Fire for selecting today’s financial independence features. Learn more about her story at thatgirlonfire.com
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.
3 comments
Thanks so much for the feature!
Super interesting reads, and I love the variety. For the shaky global markets we’re in, I have been following Dan Amerman’s blog which covers the relationship among tax, inflation, and government intervention. It’s not easy reading, and his examples are all US, but the takeaways are relevant to all types of markets, and especially relevant now with all the volatility.
Can’t wait to dive in and read everyone’s posts!
Thanks for the share. That podcast interview is close to my heart. 🙂