How the hell does a pack of Lifesavers cost $20 I hear you ask? Good question! It all comes down to my discipline around how I spend cash and it’s relationship to the spare change challenge. What’s the spare change challenge again? It’s the challenge I set myself, to not spend spare change that I […]

After a philosophical conversation last night with a good friend about my net worth “balance sheet” of assets and liabilities, I thought it was timely to delve a little bit deeper into how I construct my net worth. Importantly, today’s post is going to go through my personal views on when is an asset not […]

A – as much or as little as you want, depending on your lifestyle choices. If you’re frustrated by my answer and still want to know how much does it cost to live in retirement, I’ve listed below some interesting stats that I’ve dug up. <h2>The American dream is going to cost you $130k per year</h2> […]

Since finding out that Ikonz Jr is on the way, I’ve thought more and more about how to create a bucket list. In the past I’ve been toying with the idea of making one, but haven’t really put a lot of effort into it. So today, I set aside 30min to create my first list. […]

What is a kidult I hear you ask? Generally, a kidult is defined simply as an adult with childish tastes. To me though, a kidult is someone that doesn’t just have kidult tastes, but also a childish attitude to adult responsibilities and finances. A kidult is either trying to relive their childhood or have simply […]

June has been a great month for my net worth, even given a relatively flat Australian sharemarket. Here’s my June net worth update: Jan-14 May-14 Jun-14 MoM movement $ MoM movement Assets – Property 642,000 642,000 642,000 – Margin loan 151,880 191,135 192,069 934 0% Superannuation (ex. Property) 48,794 56,408 60,362 3,954 7% SMSF property […]

A few of you may remember that a few months ago I wrote about the spare change challenge. The premise was to build some discipline into saving small change (and notes in my case) every day, putting the money into a container that couldn’t be accessed. A couple of people from work took up the […]

As I flagged in my May net worth update, Ikonz Jr is on the way. Impending parenthood/doom certainly makes you change your focus on your personal finances and financial goals. One thing I’ve been really thinking about lately is setting Jr up for a positive financial future. I always wished I had have received a […]

Here it is boys and girls, the May net worth update. It’s not great when I check out my website and notice that I only made one past during May (that wasn’t my April net worth update). Really need to get back on track and start posting more. Jan-14 Apr-14 May-14 MoM movement $ MoM […]

A few months ago, I wrote about the cost of setting up an SMSF and some of the ongoing expenses that a trustee is likely to face. Here’s a great explanation of why SMSFs can be cheaper than a standard retail super fund. Now don’t get me wrong, I know this is taken from eSuper, […]