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An Honest Review of Noble Oak’s New Life Insurance Calculator

Recently, Noble Oak reached out to me for a review of their new life insurance calculator tool. While this is a solicited post, all opinions below are my own. I was not paid for this post, and there are no affiliate links. Last year, I reviewed our level of life insurance, and took action based upon what I found. Unfortunately, Mr. ETT didn’t follow through at the time, so this was a great prompt for revisiting our needs. I’ll be the first to admit that I resent paying for any sort of insurance (not a surprise to regular readers). Even so, I appreciate the importance of having a backup, even ... Show Me More!

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Crowd-Sourced Equity Funding – A New Way to Invest

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!

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January 2018 Spending and New Habits

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!

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There’s A Fly In My Ointment – 2018 Spending Goals

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!

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How We Reduced Our Spending By 10% in 2017

This time last year, I was writing about the shock of calculating our 2016 spending total. We had spent nearly $80,000, which didn’t even include housing costs. Having no idea what was possible, I set us the goal of reducing our spending by 10%, excluding a planned holiday. Our stretch goal was to reduce our spending by 10% overall. We achieved our stretch goal, with a total reduction in spending of 10.75%. Here I will compare each of our spending categories to determine where the savings came from, starting with a cool Sankey Diagram. I recently learned of this from J.D. Roth at Get Rich Slowly, so of course I ... Show Me More!