Recently, the Australian Government legislated a new way for the average Australian investor to support start-ups and small businesses: Crowd-Sourced Equity Funding (CSEF/CSF). Prior to this, if you wanted to invest in a company, you found a broker, paid a fee, then bought shares. What if you wanted to help a business grow, yet they weren’t listed? You’re no angel investor, swooping in and supplying millions of dollars in funding (if you are, welcome… but I’m not sure what value you’ll derive from this blog!) The Government passed legislation to enable this form of investment on 29th September 2017, but it’s only from January 11th 2018 that ASIC approved a ... Show Me More!
In 2017, we spent $64,000 on everyday expenses. In 2018 we have the goal to be able to live off one wage, or $60,000. To generate that using passive income and the 4% rule, we’ll still need $1,500,000 invested! Every dollar less we spend is another dollar we don’t have to save up for in retirement. Not a good start to the year. Our Net Worth dropped and the number of days to retirement increased. Let’s hope we can turn it around! Daily Spending Rate Armed with our new goal, we immediately had a massive spending month. Even including our holiday, in 2017 we only spent $193 a day. This ... Show Me More!
Here we are again—I’ve written about feeling overwhelmed before, and it appears that I didn’t learn my lesson back then, so it’s time for a revisit. It’s probably worth noting that I’ve been awake since 3am while I’m writing this, so my emotions are a little fragile. I have been back at work for less than a month, and I’m already feeling overwhelmed with the lack of time I have to do what I want. It’s a huge shock to my system to have gone from 2 weeks of essentially doing nothing, to going back to being out of the house for twelve hours a day, 5 days a week. ... Show Me More!
This time last year, I’d recorded our first yearly spending, and the shock of the number drove me to set a goal of reducing our spending by 10% in 2017. I was fired up and ready to commit, to both financial and personal goals. After achieving our 2017 spending goals, I find myself at a bit of a loss. There isn’t this big, horrible thing driving me, although we know we still spend a good $20,000–$30,000 more than most other Financial Independence bloggers. I’ve been collecting possible ideas in my brain, reading what others are doing, and letting it all swish around. I’m finally ready to put something together. First, the ... Show Me More!
Regular readers may remember way back in February, I mentioned that the opportunity to take a temporary job as a Business Analyst seemed to have arisen — as long as I was willing to do it for no extra pay. For those that don’t remember… An Exciting Opportunity From initiation, the project I am working for identified the need, and budgeted, for a business analyst (BA). Our business has a department of business analysts, so it was expected one of them would be brought into the project. At the time, they were all tied up, the business advertised the role externally as a contract. For reasons that are absolutely beyond ... Show Me More!