Hi again, and welcome to the November update! Finally this month our expenses have normalised, with nothing untoward popping up. This is the second month under the new debt structure, so if you missed what changes were made in October, best check out that update post before continuing here. Something interesting happened again this month. … Continue reading November Update
October has been and gone, and what a massive month it was for us! Some good things have come our way this month, with my wife being promoted. This will definitely increase our ability to pay down debt faster. Her job has a high degree of variability, so I have taken the lowest possible increase … Continue reading October Update
Another month down the road to financial independence! September was a huge month for us in a lot of ways. As mentioned in my last update, I received an after tax bonus of around $2000, which certainly went a long way this month. Unfortunately, we also had a lot of expenses pop up; car registration, … Continue reading September Update
Today's the day - our first progress update post! August has been a pretty good month for us financially. We had some unexpected veterinary expenses arise for our beloved dog. Luckily I was very quick to lodge both of our income tax returns in early July, which saw some nice refunds come through that bolstered … Continue reading August Update
As I've delved deeper into the FIRE community, I've noticed two distinct trains of thought around how your portfolio should be structured. Colloquially distinguished as either the 'Bogle' strategy, named after Vanguard founder and former CEO, John Bogle, or the 'Thornhill' strategy, after Motivated Money's Peter Thornhill. Both men have seen great success in their … Continue reading A Note on Strategy
In The Beginning. . . All stories have to start somewhere, and for us it isn't in a very good financial position. At the time of writing, our combined net worth is -$35,804.59, which includes: Liability Amount Car Loan $ 18,857.95 Debt Consolidation $ 18,576.74 Interest Free Cards $ 16,369.90 Total Debt $ 53,804.59 … Continue reading Where are we now?
Background My desire to achieve financial independence developed at a young age. Growing up, we had enough to get by, but my parents sacrificed a lot just to put food on the table. I remember thinking how I could grow wealthy and never have to want for anything later in life. I decided the path … Continue reading The Journey Begins