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Welcome to another edition of #AusFIWeekly. You’ll find great handpicked Financial Independence links from Australia and abroad – brought to you by Michelle, a mid-30s semi-retiree sharing my FI adventures at FrugalityandFreedom.com.
Look who was on a podcast this week! Check out my interview on Joyful Frugalista, episode 56. “Michelle, Frugality and Freedom had her FIRE life plan disrupted during COVID. She reinvented a new, remote career and excelled at working from home. In this podcast, she chats with Serina about how you can work wherever in the world you want to be, and explains the importance of different types of capital (not just financial capital).”
When I last recorded with Serina pre-pandemic, I’d recently finished a year’s trip around USA and was all about semi-retirement, slow travel… and cats. Those were the days, hey? Now for this week’s links…
Australian Links
Did We Reach SideFIRE? – Our 2021 Journey Update – Keepin’ It Frugal
“For us, SideFIRE is growing a side business or hobby to the point where it is covering all expenses plus extra to keep building our investments towards full FIRE. Ideally, it’s from a side business that has more flexibility than a corporate job, usually derived from passive or semi-passive income, which in our case is from blogging.”
The Mantle of Responsibility – Planning Ahead – Aussie HIFIRE
“But for a lot of people their life in retirement may not be the relaxing time they had planned. If your kids are still in school, chances are pretty good you’re not doing a 12 month round the world trip. If you’re the primary carer for your Mum or Dad, then depending on the level of care needed you may not be doing much holidaying at all. And if you’re looking after your parents and your grandchildren at the same time, well you’re going to be a pretty busy bee.”
A Fear of Retiring? Surely Not?! – HisHerMoneyGuide
“I’m talking about that moment when I’m submitting my resignation letter. It should be a moment of elation. But with a level of uncertainty still swirling around the future, thinking about that moment isn’t quite as exciting as I thought it would or should be. Dread is far too strong a word for it. But I do feel a sense of trepidation, even fear.”
How Much Super Will We Have? – But Wait… There’s Less!
“It’s a great question to ask, especially around the age of 35 to 40. At that point, old age is less of a distant abstract concept. It’s becoming a medium-term reality.”
International Links
Has FIRE Evolved? – Earn & Invest podcast (USA)
Featuring JL Collins, Brad Barrett of ChooseFI and Jillian Johnsrud. “No one knows when the financial independence retire early or FIRE movement actually started. Some say it was with the publication of Vicki Robins book Your Money Or Your Life in 1992. Others point to Jacob Lund-Fisker’s blog Early retirement Extreme in 2010 or the advent of Mr. Money Mustache in 2011. Either way, mainstream media discovered the movement in 2018 and the community and philosophy have grown quite a bit in just the last three years. Or have they?”
How To Make $100 A Day – 23 Real Ways To Make Extra Money – Making Sense of Cents (USA)
“Think about it: earning $100 a day could be life changing. Whether you make that every day, every month, Monday-Friday, or just every once in a while. I truly believe that finding new ways to make money can change your life. It’s how I quit a job I didn’t love, start traveling full time, and pursue my passions even more. It’s also what will allow me to retire early if I want.”
Time Craters (or: Why I’m Saying “No” More Often) – NZ Wealth & Risk (NZ)
“When it comes down to decision-making, it’s trade-offs all the way down. A personal motto has become: “when you say ‘yes’ to something, you’re saying ‘no’ to other things”. The tricky thing is that when you say “yes”, you may not know what you’re saying “no” to. But every decision involves opportunity costs.”
How to Take a Sabbatical – Cutting Through Chaos (USA)
“The reason you might want to take a sabbatical will have a big impact on decisions like where, when and for how long. Like many things in life, understanding your ‘why’ is crucial.”
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.
2 comments
Michelle – thank you for including our blog!
I don’t think I’d appreciated what a thriving FI community there is in Australia!
You’re very welcome! It was a good post. I was glad to share your blog with my fellow Aussies. Yes, there’s quite a sizeable FIRE community here these days. Keep up the great writing and have an excellent week.