My step by step process of becoming rich
Lifesavers, spare change challenge, million dollar blog, how to retire early, trust fund

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 […]

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Assets, net worth, when is an asset not an asset, cars, depreciating assets

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 […]

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Retirement, retirement plans for dummies, how much do I need to retire

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> […]

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How to create a bucketlist, what's on your bucketlist, million dollar blog

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. […]

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Kidult Transformer Soundwave G1, toy collection

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 […]

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Net worth update June 2014, million dollar blog, how to retire rich

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 […]

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20140413_174757

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 […]

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Trust fund, trust fund baby, million dollar blog

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 […]

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May net worth update, SMSF, SMSF LRBA, eBay, eBay sidle hustle

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 […]

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Retirement financial advice, retirement financial planners

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, […]

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