About

I like my job!

Without work I would be bored!

What would you do with yourself?

I hear these and many more whenever I mention that I want to build a life free from work. Most never even consider the possibility that they can build a life free from work.

Full time work and consumerism is so deeply ingrained into our culture that even a mention of escape from it is often met with confused looks and disbelief.

My name is Pat.

About
Me, Pat the Shuffler

I live in Sydney Australia. I currently work full time and this blog is about working not for the latest gadget, or my next fancy restaurant meal, but working to buy my freedom.

4 Replies to “About”

  1. Hey Pat,

    I love your open honest approach to this project/life long goal/ethos. If nothing else, people need to open their eyes to the hidden costs of their lifestyles.

    I was wondering if you could do a post about the resources you used to guide you on this journey; I see you’ve read Benjamin grahams The Intelligent Investor. what would you recommend ? Have you read Ramit’s ‘get rich slowly’ ? Are there any Australian specific resources that you like?

    Hamish

    1. The resources are light on for Aussies, but are still available.

      I am working my way through a few things at the moment, the barefoot investor seems to be very highly recommended (though I haven’t read any of it yet), I really want to read Rich dad, Poor Dad next, though I suspect it will just reconfirm everything I already believe. Check out this (https://www.bogleheads.org/wiki/Investing_in_Australia) as a starting resource on how to invest in Australia. and check out its American counterpart if interested.

      I lurk on the fIAustralia subreddit (https://www.reddit.com/r/fiaustralia/) which is great for asking questions and seeing what everyone else is doing, getting motivation and sanity checks)

      Otherwise I can very very highly recommend the American resource Mr Money Mustache for a total life makeover.

      I am more interested in spending and saving habits, that is where most people are terrible with money, I consider the investing portion to be the very simple part of building wealth for everyday Australians. In general I go by a few rules of thumb, which are stay well clear if any of the following are true of the supposed “investment”

      a: overly complicated,
      b: uses huge amounts of leverage
      c: Promises huge yearly returns (anything greater than 9% should ring alarm bells)
      d: Assumes that you can beat the system or are smarter than the degree qualified pros who have been doing this for decades.
      e: Includes exorbitant fees from professionals that promise you to give you great returns (for comparison a good index fund charges around 0.05%-0.25% pa any vehicles charging much more than this should be scrutinised carefully)

      I do boring, dead simple buy and hold index investing (as described in the bogle heads wiki). Which is exactly what the most successful pros recommend, and which the statistics over the last 3 decades show has been far and away the best strategy.

      Thanks for reading, I hope you enjoy it!

  2. A young Australian money mustache!

    MMM is great but it can be frustratingly american, (buying houses at 400k in the suburbs returning 12%…not a chance in Sydney!)

    Also I like how you are on the accumulation stage makes it easier for a lot people like myself to relate.

    Would like to see an article about the details of how you invest. Im using Vanguard which frustrating has much higher fees then the US or UK but is still one of the cheapest and easiest to use in Aus.

    Anyway keep up the good work.

    Tom

    1. Hey Tom

      I started this website partly because of the frustration of reading only American content. Don’t get me wrong, it is great and most of it is not region specific information but there is some stuff that is region specific. I really do love MMM’s work & ethos and source some inspiration from him. I love making this content as well. When you say Vanguard, do you mean direct through their website or buying ETF’s through a broker?

      Thanks for the feedback 🙂

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