Anyone in here doing FI/RE Aussie style?

[Deactivated] on 21/05/2018 - 21:06

I'm consuming a lot of FIRE (financial independence, retire early) stuff at the moment having started my journey in the workforce and found I want it done asap! Jk… sorta.

Anyway, firstly all the resources out there - other than a couple blogs - are US/Canada based. Does anyone know of some Aus resources?

Secondly, I'd love to read some books about this sort of thing that aren't to do with property 'investing' or stuff like 'playing the stock market', I don't have any interest (lol) in that. General finance stuff, Australian finance stuff, or general FIRE stuff, would be super cool. I know I could google but I wanted to ask some Australians first who might have already found some great stuff.

Cheers gang!

Financial

Comments

  • wellglued14 on 21/05/2018 - 21:47
    +1

    Check out reddit r/fiaustralia

    • JIMB0 on 22/05/2018 - 22:27
      +1

      So that's where all the people with many hundreds of thousands of dollars seeking advice on what to do with it went. Now all ozbargain has are people seeking advice on what to do after having a car accident with no insurance.

  • echelon6 on 21/05/2018 - 22:47
    +1

    Yes. Get your income up. Get your savings rate up. Invest in low cost ETFs and LICs. Get educated on tax laws. It's a lonely journey, cos not really an acceptable topic of conversation among friends.

  • JIMB0 on 22/05/2018 - 06:54
    +1

    It's a lot of hard work and sacrifice. Best to keep your finances to yourself as people often get jealous of others who have done well for themselves.

  • TheBilly on 22/05/2018 - 19:24

    Cant make money without money, my advice is to start saving like anything and also write down your life goals and then from that your financial goals that are "SMART" - google that word. Then start making your life decisions in line with those goals. For example, If a goal is to have $500k cash by the age of 30, at the aged of 25 maybe dropping $50k on a car or European holiday is not the best idea. Use your list of goals as a form of government over your spending. Most important thing though is to be realistic as well, which is why I say write down the life goals first as, life happens, and you will need to spend make sure you have incidental allowances to cater for that. Example 2; if you had a goal of $500k by 30, meeting somebody and wanting to marry at 27 and not having factored that into your goals may affect your 500k target. So be realistic first.

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