Side hustles are an affectionate nickname given to things you can do ‘on the side’ of your main job to try and earn a bit of extra money. Even better is passive income, which generates you money whilst you sleep!
The franking credit system was established to prevent a double whammy of taxation for shareholders; if a company has paid tax on its profits at the corporate rate of 30% (27.5% for small business), it doesn’t seem fair that the government gets to ‘double dip’ and then charge income tax to the shareholders once it gets distributed as dividends to them.
February brought with it a lot of change. Market fears and volatility have brought opportunity, whilst I struggled with some personal affairs to get back on track
One of the most important lessons in the pursuit of Financial Independence, or FIRE, is to understand the difference between an Asset and a Liability
Episode 4 of the Captain FI podcast takes an international connection, stopping in London to feature none other than our very own, Aussie Firebug! The Aussie Firebug was one of the First Aussie FIRE bloggers coming onto the scene in 2015. These days he has over 12,000 subscribers to his blog, and over 100,000 listeners to his Podcast online. He is a millennial trying to escape the 9-5 grind by reaching financial independence through investing in real estate, index funds and superannuation
Episode 3 of the Captain FI podcast features Shang from Savemycents. Shang hit her (7 figure) FI/RE number and reached ‘Work optional’ status at age 31, Shang is the author of savemycents.com, and is a bit of an Instagram influencer now that her channel has nearly 30,000 subscribers
Congratulations – by virtue of the fact that you are reading this, you are well on your way to reaching Financial Independence. Step one to reaching FI starts with deep introspection; an honest appraisal of your own knowledge and ability. This should result in a humble and burning desire to learn more, and educate yourself.
Financial Independence gives you the choice to direct your time and energy into the things that you truly value, rather than the things that don’t (like working that 9 to 5 grind…). Episode two of the podcast explores Captain FI’s personal investing strategy. This covers maxing out my superannuation and regularly investing in ultra low fee stock market index fund ETFs and low fee stock market LICs. I discuss my path to discovering the Financial Independence community and the effect it had on my investing strategy and mindset.
January brings some huge and unexpected gains to the net worth due to a Superannuation settlement / revaluation. The net worth is boosted by almost $240,000 this month. This, combined with the investment decisions in shares and property has also moved my asset allocations into a much nicer proportion
In this podcast we explore the concept of Financial Independence, How you can achieve lasting happiness through financial Independence and the 8 key steps anyone can take to start their journey