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Tuesday, 29 August 2017

The sky isn't falling, and you should be investing

I generally avoid mainstream media. I realised very young that most news shows are interested in showing you all the horrible things happening in the world. They devote 90% of an hour news block to tell you about all the bad things that will never affect you (Do we really care that a flock of chickens escaped and are running amok in a caravan park?) and the other 10% to sports.

Unfortunately this obsession with the worst news has burrowed into the minds of most people, and turned us all into hopeless pessimists. Investors are convinced the next market crash is right around the corner, and sitting on their piles of gold, waiting for the best time to invest.

That time is now.

Friday, 25 August 2017

The Holy Trinity of Financial Success

For most people three primary expenses dominate their expenses - housing, transport and food. 

In my case they take up 37.5%, 0% and 6% of my expenses - in that order. Lower expenses are a key path to Financial Independence, which is why finance bloggers spend so much time talking about food.

By keeping my expenses lower, I'm fast-tracking my path to Financial Independence, and I'm doing it on a pretty cushy lifestyle.

Tuesday, 22 August 2017

Budget Reboot Challenge: Eating Meat

Hello Budget Reboot, have you tried turning it off and on again?

Money saving posts are always the same - stop doing this, stop buying that, stop having any fun and live a sad deprived life while watching the numbers in your bank account tick up and up. Of course, they don't frame it that way, but when someone asks you to give up something you love in the name of money, we get pretty defensive.

Instead of 'giving up' let's try something new. Hit the refresh button on your spending habits with this Budget Reboot Challenge.

This month's challenge: Eating Meat.

Friday, 18 August 2017

Can you retire yet?

Financial independence is a wonderful dream. At the start it's overwhelmingly exciting to realise that you don't have to work until you're old and grey. You start cutting costs left right and centre and see your bank balance sky rocket. You dabble in investing and start to understand annual returns, dividend reinvestments and rental statements. You automate your finances and confirm you're on track to freedom! 

And then the waiting begins...

Tuesday, 15 August 2017

Five things you wont find in a finance bloggers budget

There are a lot of things in the world worth paying for. Good food, warm blankets, a roof over your head and comfy bed to snooze in every night. There are also a lot of things that you should never waste money on. Some are ridiculously overpriced, some are unfair, and some have free alternatives lying around.

Friday, 11 August 2017

Save money, the environment and your vagina

As a female, I statistically spend 25% of my time walking around with my knees clenched together because it's That Time of the Month. I always resented that not only is it uncomfortable and inconvenient to have a period, but it was expensive as well. I used to spend $10 a month on tampons.

A couple of years ago I made the switch to using a cup, and I have never looked back.

Tuesday, 8 August 2017

Let's talk about finances and taboos

Despite our lives being ruled by the things we do to get money and the places we spend that money, getting people to talk about their income and outgoings seems impossible. Discussing investment strategies is either considered really boring, or some hush-hush back room conversation that can only be had with your closest confidants. I was in a 5 year relationship where bringing up money was met with avoidance, hostility, and a pretty derisive attitude that made me feel worse than Scrooge McDuck because I was thinking past next weeks pay.

Friday, 4 August 2017

The Year of Investing - July 2017

One month down on the year of investing! I'm pleased to say I'm ever so slightly ahead of my investing goal, but it was an uphill slog with the markets fighting against me!

I haven't quite hit my savings goal, but I think we're off to a good start for the year.

Tuesday, 1 August 2017

Triple Income, No Kids: Is Polyamory the Trick to Getting Rich?

We've all seen the acronym 'DINK' (Double Income, No Kids) but the other day I saw someone post 'TINK"s - now they meant Two Incomes, No Kids, but it got me thinking - how great would it be to have Triple Incomes pushing towards your financial independence goal!

This thought lasted about five minutes before something else caught my attention, but then a couple of weeks later I was watching "You Can't Ask That" on ABC iView and they had a segment devoted to Polyamorous people and their partners.

Which got me thinking again, and the idea has been bubbling in the back of my brain: Is Polyamory the trick to retiring early?
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