To be clear it was a verbal, not physical altercation! It happened several years ago as I was having drinks with some friends. They had just graduated from university and were earning very decent money in their chosen professions.
After being students for so long naturally they were talking about all the things they could spend their money on. At this stage I had already been working for around 4 years because I chose not to go to university and had a bit of a different perspective.
Continue reading “Nitty Gritty Financialosophy – I got into a fight over buying a new car”
For those unfamiliar with the Australian retirement savings system this link should give you a basic overview.
In summary though, the aim of the Australian superannuation or super system is similar to the USA’s Roth IRA or the Canadian TFSA;
Continue reading “Nitty Gritty Financialosophy – When Superannuation Just Isn’t Enough”
The age old question which has been argued a hundred times before.
Should you invest your money in the stock market or real estate?
This is a question I have and still grapple with myself, the returns from both of these forms of investment are compelling. Why I eventually landed where I did though is hopefully enough to sway you.
Continue reading “Shares vs. Property”
In 2007 one of the wealthiest people on the planet, Warren Buffet, made a bet with a private investment company that a passive index fund would outperform a professionally managed portfolio of investments.
Continue reading “Actively Managed vs. Passive Investments”
In my previous post I mentioned an article about a 30 year old who planned to retire at 35 with $1,000,000 (AUD) invested.
When you go public with your financial independence plans I guess you have to expect some criticism. Some of the replies to the Facebook article about Pat’s plan were just plain incorrect though.
Continue reading “General Financial Ignorance”
Recently the Australian Broadcasting Corporation (ABC) published an article written by a 30 year old who was planning to retire at 35 with $1,000,000 invested.
Continue reading “Nitty Gritty Financialosophy – The Morality of Early Retirement”
Financial discipline is definitely something that is easier said than done.
What if there was something that could make it far simpler and easier to manage your finances and it is at your fingertips right now?
Continue reading “The Nitty Gritty – Automate to Generate”
The key to financial success doesn’t actually have anything to do with money.
It’s a mindset that you have to keep training like a muscle.
Continue reading “Nitty Gritty Financialosophy – Discipline”
The Nitty Gritty Financier is someone who most people would say lives a simple life.
The three most expensive things I own (excluding my home and investments) are as follows:
Continue reading “Nitty Gritty Financialosophy – Needs vs Wants”
The first step to improving your financial situation is understanding your financial situation.
You need to identify all of your income and expenses.
Every cent you earn and every cent you spend must be accounted for.
Continue reading “Get to the details already! – What do I have to do?”