What is it that drives people to buy really expensive items, especially when they can’t afford it?
Why do people take on massive amounts of debt to buy a brand new $50,000 car, when a second hand $5,000 car would suffice?
Continue reading “Stop going broke trying to impress people – Financial Independence, Early Retirement”
Why do some spend hundreds of dollars on shirts that can be found at Kmart for a fraction of the price?
The first and foremost reason I hear is quality. Let’s get this out of the way, price does not necessarily equate to quality. Nor do esteemed brand names necessarily equate to quality.
If I am going to shuffle my way to financial independence and early retirement, I can’t afford to be lining the pockets of the rich. Nor can I afford to buy low quality products that need continual replacement. So let’s sort this out.
Continue reading “Stop being fooled by brands and prices – Financial Independence, Retire Early”
I’ve met a great few people who would rather keep their money in a savings account than invest it elsewhere. Not just momentarily for a future purchase or because of uncertainty in investment markets, but long term. That is where they prefer to leave their money because they think it is
I am puzzled by this behaviour. Some of these people in my own family have tens of thousands of dollars or more squirreled away in term deposits! Not even bonds, but term deposits paying around 2%!
Continue reading “Inflation – The silent killer of your wealth and financial independence”
Keeping the grocery bill down.
I get by on a small grocery bill. So small that when people ask me, they often cannot believe it! I average about AUD$200 per month on groceries.
This is well below the amount I budgeted when making
my investment strategy, which was $300 per month.
I put it down to a few strategies.
Let’s call them the Shuffler’s way to save money on groceries.
Continue reading “7 Ways a Shuffler saves money on their groceries”
Is contributing extra to superannuation worth it?
One of the most contentious issues for a young shuffler is superannuation.
Some consider it just another part of your overall investment portfolio. A
great tool developed by Aussie Firebug calculates a super/other investment split for attaining financial independence. Continue reading “Can you really trust Superannuation? A case against adding extra money to your Super”
Take action to reach your goals.
The day I decided to work toward financial independence, I immediately started to take action. I knew there were some necessary changes to reach my goal.
Continue reading “Taking Action – Making the changes needed for Financial Independence”
How money and Time intertwine to affect our lives.
I am a big fan of thinking about money in different ways. This helps put things in perspective to help me make the best decisions in life.
Continue reading “Money vs Time – Thinking about money in a whole new light”
Reduce expenses, increase saving
Your savings rate is the most important factor to your long term wealth creation.
Continue reading “Savings Rate – The most important factor to your financial independence”
Is it healthy?
What if I told you that I played video games for 8, 10 or even 12 hours a day?
Imagine that I do this for 5 (maybe 6) days per week. That I also travel 45 minutes every morning at 7 am to play video games and travel 45 minutes back home to eat and sleep before doing it again the next day. Then I tell you that I do this for 48 weeks a year and I often do it to the detriment of my physical and social health.
Continue reading “Work – The only socially acceptable obsession – is it healthy?”
I have made a decision to stay out of the Sydney real estate market and not purchase my own home. This choice raises a few options on where to park my cash. I am young, have a long investment time frame and a large appetite for ‘risk’. Therefore, investing in real estate or the share market seem like two options that fit my circumstances and goals. Term deposits, cash or bonds are terrible ideas that I will discuss in another post. Continue reading “Rentvesting in Shares instead of Property – Property isn’t our only option”