My step by step process of becoming rich
5 tips to wealth; getting rich, wealth tips for young people

I often ask myself why don’t young people focus on being rich? It’s a simple equation: The younger you start building wealth the great the chance you have of being rich. With a baby on the way (only a few more weeks to go), I’m starting to think about the financial lessons I wish someone […]

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Valuation, valuing stocks, investing, comparing stocks

I had an interesting chat with a mate on the weekend and he said something very interesting regarding some share investment opportunities. I’m not sure he meant to say what he said, but the way it came out made me remember my very early days of investing and how I viewed the value of a […]

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October net worth; piggy bank; money; million dollar blog

September was a crap month and my October net worth update looks worse, but it isn’t really. My October bottom line was hammered by quarterly expenses rather than large equity market downturns like I saw in August and September. Jan-14 Sep-14 Oct-14 MoM movement $ MoM movement Assets           Property 642,000 […]

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Losing money, September net worth update, retirement planning, margin lending

Wow! What a crap month! Not surprising to follow an amazing month of huge net worth gains with such a terrible month. My September net worth update is my worst so far; by a loooooong way! I can’t say I’m surprised by anything that’s happened in September, but I can say that I’m not happy! […]

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Spare Change Challenge, Australian money, Australian notes, polymer notes

For those of you playing at home, you’d know that I’m a terrible saver, but I love a challenge. In order to force myself to save more, I started the Spare Change Challenge. I started the most recent round of saving back in June, after returning from a trip to the US with Mrs Ikonz. […]

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August net worth update, LRBA, SMSF

So here it is (a little late, I know…), my August net worth update. What a crazy month! As I flagged in a previous post, my net worth was going to take a big upswing due to one of my properties being revalued. And what an upswing it was. So let’s not waste any time, […]

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I know I’ve been incredibly quiet over the past month. Whilst “life” is normally a bloggers excuse for being off the air for a few weeks, for me, I’ve been flat out trying to grow my asset base and doing a lot of planning, getting ready for some big growth in the next 12 months. […]

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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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