This is not the post I was planning on writing for you today. According to my calendar, I should be delighting you with the simplicity of asset allocation. Instead, I find myself tired and lacking motivation. The path to financial independence is sloooooow. We are looking at 15 years if: We (continue to) work at it The sharemarket gods remain benevolent, or at least continue to provide the historical average return We don’t do anything stupid when markets drop, as they will at some point. We are still in Year 1 of those 15 years. Besides being slow, working towards financial independence involves making lots of little daily decisions. Day … Show Me More!
Mr. ETT and I visited Kiama, on the NSW South Coast, home to the largest blowhole in the world (according to a single tourist website). Fact check fail! We’ve been to Kiama a few times before, but only always as a short stop on the way to somewhere else. We had never made the time to stay there. It turns out this was an oversight I’m glad we corrected. Initially, the idea was that I would finally get on the back of the motorbike for a reasonably long trip. Mr. ETT had suggested Tamworth—a bit ambitious considering it is 5 hours away! I quashed that idea pretty quickly, so we … Show Me More!
After our expensive year in 2016, we set ourselves a goal to reduce our spending by 10% in 2017. We want to do this because it has a double effect. Firstly, it frees up more money to invest for our future. Secondly, if we can live on less, then it brings that future much closer. In 2016, we spent $80,000. To generate that using passive income and the 4% rule, we would need $2,000,000 invested! Yet another huge surprise this month because we stayed below our target. “Big deal, Mrs. ETT,” I hear you say. “Why wouldn’t you?” Because our food spending was “YUUUUUGE”. It was beyond yuge, it was stratospheric. … Show Me More!
It started with a Tweet – what’s your side hustle? I do love side hustle listicles, so that night in bed I decided to revisit some. A quick Google of “50 side hustle ideas” brings up some brilliant lists. I thought maybe I was being one of those people who automatically come up with excuses as to why side hustles won’t work for me. Was I self-sabotaging? I started working my way through the ideas. All of my usual reasons were still there. Things hadn’t changed. Then I came across an idea I hadn’t heard of before – website user testing. I feel like I have the skills, and it … Show Me More!
Australia’s credit reporting system doesn’t have as much of an influence on our everyday lives as the American system. However, in the “new normal” world of massive data breaches and identity theft, checking your credit report should form a part of both your online safety and financial strategies. Why Have a Credit Reporting System? If you were to lend money to a friend or family, you generally do so with the expectation that they will pay you back. You trust them, they’re good for it. Well, hands up if you’ve ever been disappointed? Maybe they didn’t pay you back. Perhaps they paid you back in dribs and drabs over a … Show Me More!