May 2019 Net Worth $124,798 (+$26,981)

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Woohoo! Blasted through the 6 figure NW mark for the first time. An absolutely huge jump this month mainly due to gains in the cryptocurrency portfolio. But first – an update about our latest holiday. TL;DR – I spent way too much, and need a plan to budget better for future trips. Hawaii holiday Photo … Continue reading May 2019 Net Worth $124,798 (+$26,981)

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April 2019 Net Worth $97,812 (+$9,214)

There was a pretty good jump in NW this month. Especially compared to last months' disappointing increase of +$24. The main contributors to this were a recovering cryptocurrency portfolio and a solid month of saving (aka not buying crap off OzBargain I don't need just because "it was such a good deal"). We did move … Continue reading April 2019 Net Worth $97,812 (+$9,214)

March 2019 Net Worth $88,598 (+$24)

There was a $24 increase in my Net Worth this month. $24.Welp... at least the figure didn't go down.February was a bad month for my net worth mainly due to two large expenses: Flights and accommodation to Hawaii for two ($4.5k)Travel costs to attend an overseas funeral ($2k) Hawaii holidayLet's start with the positive one. … Continue reading March 2019 Net Worth $88,598 (+$24)

My painful investment journey before I discovered FIRE

As I began to write up my February 2019 Net Worth update, I thought to myself: "I'm really not telling the full story here". I realised was painting a false portrait where it looked like I was a diligent saver, carefully tracking my net worth for the first time, while gradually building up a responsible … Continue reading My painful investment journey before I discovered FIRE

How a DSSP/BSP can have huge tax savings for top income bracket earners

In my investing strategy I state that for my ASX exposure, I am opting for LICs instead of a regular index ETF (e.g. $VAS or $A200). The main reason why is for the great tax benefits to high income earners when reinvesting dividends. There are two specific LICs that allow this (due to a special … Continue reading How a DSSP/BSP can have huge tax savings for top income bracket earners