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Tuesday, 30 May 2017

Yes, you should travel in your 20's... just not very far

Australian millennials are currently inundated with advice on how to save for a new house. It boils down to 'stop having smashed avocado brunches' and 'who said you can travel to Europe when you should be saving for a house?!'. This advice completely ignores the fact that the average house is now seven times the average wage, where it used to be only four times. Sure our interest rates are a lot lower now, but saving for a deposit is harder.

Added to that is the question of 'If I save now, when can I start living?' and the extra bit that baffles older generations, some millennials don't want to buy a house.

Friday, 26 May 2017

May Highlights - Best Posts in the Blogosphere

Morning Everyone! It's been a hectic week and as you read this Mr. FIRE and I are sitting in a hospital waiting for him to go in for knee surgery. This will be our third winter in a row with one of us hobbling around on crutches so we really hope it's the last.

Unfortunately this also means I haven't had the chance to write anything for today's update. I tapped this out on my phone in the waiting room, please forgive the formatting and lack of pictures. Instead of my thoughts, here are my favourite personal finance posts from May.

Tuesday, 23 May 2017

Spend you dollars, on more dollars!

Let's do some maths, baby! I'm going to talk about money, using your money to 'buy' more money, and investing. Plus I get to play with charts and graphs.

We're going to talk about interest, starting with the normal boring kind, then the compounding kind. Most people encounter interest in two ways - banks will pay you for leaving your money in an account. They will also charge you interest on loans.

Friday, 19 May 2017

A new way to invest: Dollar Value Averaging

Investing seems like a big scary monster when you haven't done it before. The idea of throwing in your hard earned cash and then crossing your fingers and toes that the next market crash isn't around the corner is enough to give anyone goosebumps. But there are a few tried and true methods to mitigate some of that risk.

I've just learned about a variant on an old favourite, Dollar Value Averaging is here to challenge Dollar Cost Averaging for the easiest way to plan your investment buying.

Tuesday, 16 May 2017

Missing the trees for the FIRE forest

In the Financial Independence world we are chasing such big goals and such big amounts of money we can forget the small things. I've been on this journey for a couple of years, even if the blog only started back in December and I have to say that it's full of big boring plateaus. Long stretches of time where it feels like you're running in place like a Looney Tune, nothing is changing and that great life you are chasing is stupidly far away.

Occasionally I need to remember to stop and take stock of what I have, what I have achieved and remind myself why I'm running down this crazy path and not sticking to the road more traveled.

Friday, 12 May 2017

What is your rubbish worth?

Thursday night is bins night in my neighborhood, but for the third or fourth time in a row, we aren't putting our bins out. Mostly we're forgetful and lazy, but more importantly we can get away with it because we generate minimal trash.

I'd love to say that we are super conscious of the rubbish we generate, but in reality we're just really good at turning trash into things we need.

Tuesday, 9 May 2017

3 ways to shorten your mortgage right now

Buying a house is exciting. Moving in is exhausting and exciting. Decorating is frustrating and exciting. Renovating is terrifying and exciting. Realising you can walk naked around your house is liberating and exci-.. let's leave that one.

You know what's not exciting, staring down that 30 year ball and chain of your mortgage and the insane amount of interest your are going to pay. Here's three ways to knock years and tens of thousands off your mortgage.

Friday, 5 May 2017

Brickx: The Real Estate Investment Trap

So you're scared that you'll never buy a home? According to domain.com 20% of people will retire with a mortgage debt, and many millennials have 'given up' on ever owning a home.

To fill this void, a new company called 'Brickx' has started up. For less than $100 you can buy a single share of a rental property (known as a Brick) and get your first step on the property ladder.

I have so many problems with this product, I have decided to devote a whole post to it.

Tuesday, 2 May 2017

Goals Update: April 2017

Happy May! Just two months left to hit my goal. Where did the time go, seriously, can someone check behind the couch?
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