Paying off your home loan faster is a common goal that many readers share with me as part of the Kick Start your Wealth Challenge. As someone who is looking to retire early, owning a place mortgage free is high up there on our families list of goals.
Welcome to my second quarterly update which details my net worth and cash flow as at the end of June 2017. As well as the goals I have set for myself for the next quarter.
If mine is the first personal finance blog you have come across firstly I am super humbled by that and secondly you might be thinking this is kind of strange putting the info out there for the world to see.
However it is a fairly regular occurrence with bloggers to either track their net worth or report their monthly income.
I debated whether I should post this or not as I was not sure about how the information would be received, particular here in Australia where ‘tall poppy syndrome’ can mean anyone who seems to be doing OK can be shot down in a hurry.
But my view is that if you have come to my site which is about becoming financial independent in order to retire early then you must be a little bit open minded and willing to discuss what can be a taboo subject.Continue Reading →
Note from Cath: I have a very special guest on the blog today – Serina from Ms Frugal Ears (you can learn the inspiration for her site name over on her blog).
Since starting this site I have discovered that the personal finance blogging community is a lovely bunch.
No one I have come across see each other as competition, just another person looking to share their knowledge and help other people to understand their finances better.
What is really cool is that Serina and I actually both started our savings and investing journey in the same place. We were a part of an online savings forum back in the day before Facebook Groups where all the rage.
So without further ado over to Ms Frugal Ears for today’s guest post.
My goal is to become a billionaire. My stepping stone goal is to pay off my mortgage. Then I want to grow my net worth to one million (who wants to be a millionaire? I do!), then to double that to have $2 million net worth by 2020.Continue Reading →
You might like to check out my Resources section that includes a number of spreadsheets to help you track your money and budget better.
A good place to start is with my Simple Monthly Budget spreadsheet. Or to take your budgeting to the next level, my Monthly Tracker spreadsheet will really help you to have a deeper understanding of where your money is spent.
Having a holiday and some relaxation time away from work does not have to cost a fortune. Having recently returned from our trip to Hawaii it inspired me to share some of my money saving travel tips.
It can really pay to have a bit of flexibility in terms of the dates that you travel. Even the time of day that you fly can have a significant difference in the price that you pay for flights.
You can often get some great deals in the shoulder or low season. I managed to score 40% off our accommodation in Hawaii by booking online during a Click Frenzy special.
Some other sites that I have used in the past are Groupon, as they often have package deals that are great value.
I also like to compare the cost of hotels at booking.com since they have a massive range featured on their site. And they have a best price guarantee and no cancellation fees so they have become my go to website to book through.Continue Reading →
I started saving money as soon as I left high school and had a part time job during my university years. It was around this time that I got interested in investing. A big part of my education in this area was to read a lot of books.
I have compiled the list of the 5 books that had the most influence on me in terms of creating the right mindset around money. As well as giving me a starting foundation for how to manage my money better.
The books are a little bit dated now, as I did most of my learning about money back in the early 2000’s. Most of them have been updated since then with newer editions, but even if you have an older version the lessons are still quite relevant today.