Category: Inflation & Interest

How Much Is Enough For Early Retirement - Sitting On Bench 8

How Much Is Enough For Early Retirement?

A little while ago Len (from Financial Farmers – go check them out) commented on my post How We Made Our First Million Accidentally. He asked about financial freedom, not having to work, and early retirement. In my reply I talked about maintaining principal, inflation and a bunch of variables. We both had similar goals (although 40 seems a little to soon for me), but had very different capital requirements ($3+ million vs $1.25 million). So I wanted to redo some of my calculations, and was also questioning some of my assumptions. Needless to say, I jumped straight to Excel and put in...

Record Return - Ledger 0

Record Return – What is your best financial return?

Some Of The Finance Topics I Think About If you just want numbers, jump down to the end of this post for the record return numbers. Otherwise let me jump back and have a look at the many bits and pieces that make up a persons financial picture. I am sure I don’t have them all listed, and am surprised people don’t think about their finances every single day given how broad the topics are. On any given day I can find myself thinking about any or all of the following: House prices Official interest rate Investment loan rates Bank interest...

On Top Financially - Mountain 5

5 Realistic Steps To Win Financially

Many people would say there are more than five steps. Others would say just one or two things could get you on top financially. Both could be argued, but after reading many blogs, living out all of the five to some degree, and doing a lot of thinking, I have come up with my five realistic steps to get on top, stay on top, and win financially. To set the ground work I just want to say that by “on top” and “win” I mean not having to worry about money. I am not talking top 1% or 0.1%, I am talking...

2016 Federal Budget - Tax 3

2016 Federal Budget Part 1 – Bracket Creep

My View Part #1 – Bracket Creep On Tuesday the 3rd of May 2016 the proposed federal budget was handed down. Budgets will often change or tweak a lot of things from education to defence, from welfare to health and from taxation to job creation. Almost every budget has good parts and bad parts for every individual, company and the economy/country as a whole. Being squarely in the individual category, and with this being a personal finance blog, it is the changes that directly impact me, my family, and my friends (along with fellow Australian personal finance bloggers) that I am most interested in. I...

Fancy Car 9

Fancy Car Or Expensive Holiday

After my last post on ways to waste your money, one of my friends came to me and asked about why I had not included fancy cars on the list. You could argue that a ride in a fancy car could come under activities, or that learning covers off car mechanics, but neither are really a justification for owning a fancy (read: expensive) car. There is a reason for that, I am not a fan of fancy cars. Or more specifically, I am not a fan of the cost implications of fancy cars. What’s Wrong With A Fancy Car? There...