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)
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 holiday Let's start with … Continue reading March 2019 Net Worth $88,598 (+$24)
Despite a month of heavy spending, including some large upfront purchases (e.g. paying my annual private health insurance premium upfront), I was able to increase my net worth by almost $8k due to working some extra days during the Christmas break. As a contractor, every day you don't work you don't get paid. So I … Continue reading Feb 2019 Net Worth $88,574 (+$7,764)
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
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
Here is my first net worth update. I will aim to do one each month until I hit my FIRE goal of $1m. Net Worth Tracker Cash PositionI paid off both my credit card balances last month ($14k worth) and cancelled the cards. They were both on 0% balance transfer offers so I didn't pay … Continue reading Jan 2019 Net Worth $80,810 (+$7,375)
As we near the end of 2018, I thought this was the perfect time to begin this blog. Rather than procrastinate any further, let's get into it! I'll kick things off with a cliché quote. "The best time to plant a tree is twenty years ago. The second best time is now." Chinese proverb Net … Continue reading The Turbo FIRE journey begins (Dec 2018)
Turbo FIRE Australia 