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IT’S BACK! After a long summer hiatus, here’s the first #AusFIWeekly for 2021. As usual, you’ll find great handpicked Financial Independencelinks from Australia and abroad – brought to you by Michelle, a mid-30s semi-retiree sharing my FI adventures at FrugalityandFreedom.com.
I recently published a collection of tips I used to get started as a Virtual Assistant 9 months ago. The pandemic certainly threw a curveball at my event management career, but turns out this was the extra push I needed to finally give online freelancing a good shot. Now, there’s no looking back for me! I’m enjoying the flexibility of work-from-home life and the variety of clients and projects – including digital marketing, video/podcast editing, writing, online events and administration.
Whether you’re considering becoming a Virtual Assistant as a side hustle, part-time or a total career change, check out these tips. Plus sign up for the FREE 5 Day VA Challenge by Digital Nomad Kit, happening again from 22 Feb. This helped me get my first clients and I can recommend it.
How has COVID changed your work life? Let me know over at the Frugality and Freedom socials – Instagram | Twitter | Facebook.
Australian Links
$100,000 invested in 17 months – Frank on FIRE
“In late 2019 we set ourselves a huge goal of investing 60k in 2020, and worked steadily towards this until March when COVID-19 put our 2020 travel and entertainment plans in limbo… We decided there was an opportunity to reduce our expenses significantly, side hustle, and invest even more so we upped the goal to 100k invested by the end of 2020.”
Do You Know Your Three Different FIRE Net Worths? – FIRE Your Own Way
“There’s a number of different components that go into forming your net worth. And these components can have varying abilities in helping you retire early. Some assets can be sold or accessed much more easily than others… There’s also the ability of each asset to earn you income… And then there’s retirement savings. In some countries you mightn’t be able to access your retirement accounts for decades (thanks Australia!). To get around this, you can monitor 3 different net worths.”
Three Pile Theory – Slack Investor
“A tried and true way to manage your retirement expenses by dividing your retirement stash into buckets of cash, conservative investments and more risky, growth investments.”
Building a Bulletproof Career Mindset – How To Money Aus
“Change the way you view your working future. If you see your future career as an adventure where there will be many opportunities to grow and change direction, you’ll be much more comfortable adapting to a changing environment.”
International Links
$300k is Half Way to One Million – Live Off Dividends (USA)
“$100,000 requires 25% of the total time that it takes to get to $1,000,000. And $300,000 requires 50% of the total time that it takes to get to $1,000,000. How is this possible? Compound interest!”
Why So Many People Are Unhappy in Retirement – Arthur C. Brooks, The Atlantic (USA)
“Want to be a winner in your career? Then live your own hero’s journey—set your goals, struggle, suffer, sacrifice, win, and return victorious! The End. It’s a nice narrative, especially if you’ve worked hard and done pretty well in life. The problem is the real-life ending, after the triumphant return. People have no script for that part.”
15 Simple Lifestyle Hacks That Can Boost Your Earnings By 5% – Money Side Up (UK)
“Sleep, nutrition and exercise have a significant function on the brain and body… These have a critical role in maximising our productivity, decision making and mental clarity, which translates into helping you save or make money.”
The Tyranny of Weekends – Trip of a Lifestyle (USA)
“You might think you dislike the beach, or theme parks, or road trips, or walking around downtown. But you might just hate those things when you have to experience them with so many other people all at the same time. Over the years, we’ve found three main ways to escape the masses and enjoy the things we love at more optimal times.”
Missed one? Read the archives here. Or get in touch if you have any FI content recommendations.
Yours in pursuit of FI,
Michelle @ Frugality and Freedom
PS. Subscribe to get Australian FI Weekly in your inbox each Monday.
1 comment
Thank you so much again for the inclusion! Enjoyed reading about your success as a Virtual Assistant. And lots of interesting food for thought in the other featured FIRE articles. Looking forward to seeing more round-ups in 2021.