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Welcome to another #AusFIWeekly with handpicked Financial Independence links and events from Australia and abroad. I’m Michelle, a mid-30s semi-retiree sharing my FI journey at FrugalityandFreedom.com
This week, I’m excited about the release of Pearler‘s ebook Aussie FIRE: The Ultimate Guide to Financial Independence! I was pleased to collaborate with FI-focused stockbroker Pearler to compile this book, featuring 20 co-authors from the Australian FI community. This thing is EPIC. đ
Check out my Chapter 24 on “Wealth Beyond Money” to find out why you are already wealthier than you knew, and how this can lower the stash you need for financial independence. Or skip ahead to the Conclusion where I round up some key themes. Download the FREE Aussie FIRE ebook here.
PS. I’ve been beta testing Pearler’s stock trading platform and am so far enjoying the $9.50 trades and auto-invest option for ETFs. Here’s an early access sign up link if you’re interested. Note: I may receive a small referral fee if you use that link, which helps support my blog’s website costs.
Australian Links
Human Frailty: 1. Anchoring Bias – Slack Investor
“This is a difficult lesson, but there is no logical reason to be anchored to either your buy price or a recent high or low price… If you buy a stock at a price, and it starts heading south, the price you paid should not anchor you into waiting till it returns to the buy price.”
The Secret Super Powers of Stealth Wealth – Aussie Doc Freedom
“Stealth wealth is when a wealthy person avoids displaying the outward trappings of wealth in order to blend in… Probably the most important reason is that by âlooking richâ people are usually preventing themselves from becoming rich!”
The Barefoot Investor Says Weâve Already Made It – Sustainable Living
“And I disagree. Donât get me wrong â I love the Barefoot Investor strategies. They have truly been life changing for our family. However, when he says couples need only $250,000 in superannuation (singles $170,000) for retirement, it doesnât sit right. According to the Barefoot Investor, weâve already nailed our retirement number. And I couldnât disagree more.”
10 Ways to Feel Wealthier (Without Earning More Money!) – The Broke Generation
“To me, feeling wealthy means financial security, making spending decisions that are in alignment with what you truly want, and having the flexibility to make decisions based on the value it adds to your life… and we can find this feeling hidden in our everyday lives.”
International Links
Avoiding Financial Regret: Grannies Give $$ Advice to Their Younger Selves – The Dumpster Dog Blog (USA)
“Sometimes, doing the âright thingâ for our Future Selves is not so straightforward… Want your older, adorable, wrinkly #FutureSelf to live the life she so richly deserves? Well then, listen to your future Bad Granny!”
My Best Advice for New FI/ER-Seekers – Early Retirement Dude (USA)
“Itâs not just a numbers game. Yes, FI/ER is a cool idea… And you can do it. FI/ER within your grasp. However, you need to understand that thereâs a very, very serious side to the decision. It ainât all kittens and orgasms.”
You Donât Have to Be Good at Math to Be Good at Personal Finance – Budgets Are Sexy (USA)
“Many people think becoming a millionaire is complicated and you have to have advanced knowledge in investing, economics and complex math. This simply isnât true… I realized that my growing wealth wasnât because of my academics, or lack thereof. It was due to my subtle daily habits and following the basic money principles.”
The Best Way to Build a Personal Money System (It’s Not Spreadsheets) – Half Banked (Canada)
“Mapping your money out visually adds structure to something that can easily seem nebulous and overwhelming. Money! It goes everywhere! Who even knows what happens with it! Well, you do. You can see the system now, which makes it easier to understand where you can find your next big money winâand you didnât have to open a spreadsheet to do it.”
Thanks for reading! Read the archives here or get in touch if you find new favourite links to share.
Yours in pursuit of FI,
Michelle @ Frugality and Freedom
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