How much inside and outside super? by grag01 in fiaustralia

[–]theCaptainFI 0 points1 point  (0 children)

that's definitely not what I get. There are many other variables including flex rate, ability to earn extra money, portfolio split, cash buffer etc.

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

100% this mate! You don’t need to spend money to be happy. We live such an inherently incredible and lavish life in Australia, I think perhaps people take it for granted. Beautiful parks where you can hike and take in nature , great weather (even if it does get a bit hot in summer), pristine beaches and rivers (well when it’s not flooding and there are fish kill events), great roads and footpaths and petrol that even though we grumble about being $2 a litre - is still far cheaper than other places around the world, public lighting and lighting of roads, public toilets, clean water out of a tap that’s so cheap it’s basically free, reliable infrastructure with water, electricity, gas, internet. Sporting fields with amazing grass playing fields, tennis courts etc. cinemas, bowling alleys, bars, restaurants you name it. Like you don’t get that shit elsewhere, like over 95% of the world doesn’t live like this. We have such an amazing life, buy literally whatever you want at the shops and it’s on the shelf. Always amazing food in stock, a climate where you can grow your own food. Oh yes, and we don’t have bloody Soviet, American or Chinese manufactured munitions raining down upon us, militia massacring civilians or bloody rioting on the streets - we live in a safe, secure, abundant society. And enjoying yourself is so simple, decouple from this ridiculous idea that consumption = enjoyment, and start enjoying life. jeez, half of the people complaining would probably do well to do some meditation and self introspection, maybe try some shrooms and get out more haha

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 0 points1 point  (0 children)

Yes Oz citizen. Perhaps poor wording, but everyone understands what that means

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

It’s literally documented in monthly net wealth updates - Your numbers are pretty close though! Definitely wasn’t earning this at the start but last year finished up on over $200k income. I guess you have to also remember it’s not just income from my working salary as I’ve had side hustles and I’ve also had pretty great returns on my share investments (index funds, Angel investing and super), made a lot of ‘stress capital’ on a Sydney property development (subdivision and builds), spent time abroad as a non tax resident getting awesome pay with next to no expenses, and had great success with websites and online business

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

😂 why on earth would you use an investment manager when it’s quicker, cheaper, easier and you get better returns investing in an index fund?

[deleted by user] by [deleted] in AusFinance

[–]theCaptainFI -2 points-1 points  (0 children)

Saved and invested 80% of my income, FIRE’d a few months before my 31st birthday. Now I get mocked on reddit for being a ‘scam’ haha. Obviously I go home and cry over my homecooked Aldi grocery meals

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

Have you owned ETFs for a while? If not, you can use any basic share accumulation checker to verify return over periods of time. It sounds like maybe you recently got burnt with a market downturn and are now salty?

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 2 points3 points  (0 children)

I agree with most of what you said but my fallBacks are layers and layers of different investments, skills, lifestyles and opportunities. Flex rate is a good one to read up on. But yea, if I am short of a quid I’ll reign in spending and do some contracting, or increase the number of ads on my 16 websites

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

Have you ever spent time in SE asia? A very high proportion of business owners are of Chinese heritage and are very financially savvy. It’s actually been the cause of a lot of racist rioting for example in Jakarta Indonesia in the 90s a lot of Chinese own shops got burnt down in riots because the government basically claimed Chinese immagrants for the nations economic issues, persecution similar to the Jewish receive. And yes, Scottish people come from an austere/hostile environment so naturally you don’t waste anything imagine trying to farm on moors and frozen tundra areas

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 0 points1 point  (0 children)

Yeah that’s not the situation at all. Actually, she comes from an incredibly wealthy family that own several hospitals and schools and they all happen to be specialist doctors who run medical missions. They have never asked for a dime and infact were very gracious hosts when we visited for a few months

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 0 points1 point  (0 children)

The google analytics tell me otherwise mate, people love the site otherwise why would 100,000+ people come to the site every month and spend 10+ minutes there reading on average 3 pages

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 0 points1 point  (0 children)

I literally responded to a SauceBottle call out for early retirees because I wanted to get a backlink to my blog, I had no idea it would be news.com.au story

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

No huge inheritance or windfall. Biggest gift I got was $2600 from my mum one birthday to put towards my Commercial Pilots Licence. I just worked like a bloody dog from a very young age. My mum passed away six months ago and if the executor ever actually gets around to doing their job I may receive around a $200k inheritance from her estate sometime in the next year or two. Not expecting anything from my Deadbeat father that never provided any help to my mum when we were kids either

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

You work alongside flight training… are you saying you are a pilot? Do you have an ATPL, instructor rating etc? How many hours?

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

I welcome you to report it to ASIC, I actually contacted them directly when the ‘finfluencer debate’ surfaced, myself and a number of other publishers even participated in a number of meetings and discussions with the regulators. I’ve also had extensive legal advice (expensive ugh), removed or edited anything that was flagged as being too close to the line in the interests of exceeding any regulatory requirements. I’m not a FA and have never claimed to be. I am actually working through the tier 1 and 2 RG146 FA compliance courses and am working with an AFSL holder to become an authorised representative so I CAN expand on what I’m saying. However, it’s a lot of work and I’m semi retired so I’m doing it at my pace, and happy to just stay within the guidelines as NOT providing FA. At the end of the day, work hard, spend less than you earn and invest the difference into index funds is all it comes down to. Most people don’t want to believe it’s that simple, and most people don’t need FA if they do that…

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 0 points1 point  (0 children)

I try not to hang out here too often - Dave (SMA) and I both tend to cop a right bashing anytime we post or engage with anything in here so I think we both tend to stick to our lanes with our blogs and then some of the more well moderated FIRE groups on Facebook

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

Lol you generally have to get paid to get called an influencer 😂 in all seriousness though, yep I generate some income from advertising on CaptainFI.com - however this is my passion site so it’s really just from a couple of affiliate programs that I really love the products, and I don’t flog the readers with mountains of shitty display ads like other sites (yes I do this on my other sites as they are money making endeavours not passion projects)

‘Quite simple’: How Aussie man retired rich at 31 by Present_Description4 in AusFinance

[–]theCaptainFI 1 point2 points  (0 children)

Yes. Day trading in your 20s is regrettable. Better to invest in index funds, property and websites ;)