Welcome to Finance and Fury, The Say What Wednesday edition

Today is a special episode – we have another resource available on our Resources Page… the Monthly Investment Targets Calculator 

Question from Nick “I’m sure as a Financial Adviser you are quite aware of the Financially Independent Retire Early concept, but I want to ask this question as it may be applicable to a lot of younger listeners. I wonder how achievable is a FIRE lifestyle? And what other investments exist for long term growth with high yields?”

 

We will go through both parts:

  1. Investments to use
  2. Working out how much you will need

 

Start:

  • FIRE: Financial Independence Retire Early
  • I believe that it is achievable – but how committed is the individual?
  • You probably won’t have access to Superannuation so there is a 2 prong strategy
  • You’d need to accumulate funds personally

 

Types of Investments:

  • The way I would do it
  • ETFS, Managed Funds, and LICS
  • Steer clear of Large Cap active managers
  • What to do with property?
  • What is the problem with property?
  • Low transaction costs
  • Why investing beats savings with the FIRE strategy?
  • Getting income from your investments
  • I tend to aim for investments that pay around 5% income yields and have high growth potential

 

How much to save?

  • I have built a calculator in excel
  • It is similar to Goals Workbook
  • How much monthly investments you will need to make to generate the passive income

 

How to use it?

  1. Enter in the passive income level you are after (in today’s dollars)
  2. The number of years you have to achieve this by
  3. The current level of investments you have (excluding super as that won’t be accessible by 60) and
  4. The income yield
  5. Total returns you are after
  • Gives a rough idea about the amount needed to invest every month
  • What is important to you?
  • What do you need to cut spending on?
  • You must use the calculator reasonably
  • Enjoy your life with great experiences

 

Summary:

  • If you are subscribed, you will get it emailed to you
  • If you not, visit the resource page linked here
  • Work out the investments you will choose
  • How much will you need to cut on spending to make this strategy work?

Thank you for listening today, if you want to get in touch you can do so here.

Economic sanctions, tariffs and what they mean for both sides

Say What Wednesdays Economic sanctions, tariffs and what they mean for both sides Welcome to Say What Wednesdays - Where We Answer your finance questions Question from Rhys “I’ve been seeing stories on the news about Trump putting tariffs on China and sanctions on...

Furious Friday: The Great Depression – Are the solutions actually what created it?

Welcome to Finance and Fury the Furious Friday edition If you have been paying attention to the news then you would know about the current GDP per capita recession. Today we will look at recessions and different policies to help boost the economy. It is all apart of...

How does the adaptability of humanity open the door to Global Economic control?

Welcome to Finance and Fury, The Furious Friday edition   Today we start discussing the SDGs in relation to The economy – few SDGs this relates to Go through each in detail in separate episodes – but this ep is an overview into how deep this goes. UN goals as...

Global Infrastructure plans in the name of climate change – Why then are the recommendations focused on changing Government accounting practices and risk-measures, along with opening the floodgates for redistribution spending?

Welcome to Finance and Fury, The Furious Friday Edition   Today – SDG9 - How infrastructure spending helps an economy - Anyone who knows basic economic and GDP has learnt that Infrastructure spending leads to GDP growth – so the theory says – Very hard to measure...

Say What Wednesday: Considering refinancing your mortgage with a smaller online lender?

Welcome to Finance and Fury, the ‘Say What Wednesday’ edition. Today I’m here with Jayden! Today’s question comes from Gavin, “Is there anything to be considered when looking at refinancing mortgages with smaller lenders that run their business online like...

Beggar thy neighbour – How devaluation of currency can make or break economic growth domestically, or for trading partners

Welcome to Finance and Fury, the Say What Wednesday edition  Today's question comes from Jessica. Jessica – Hey Louis, You mentioned something about a Yuan devaluation in the Tech Share episode. I’m just wondering what this is and why a country would do this? Thanks...

Why work your whole life, just to have nothing left over at the end?

Episode 8 Why work your whole life, just to have nothing left over? Pay yourself first! Keep your own money – why work for others, then have nothing left to show for it? You earn more over your lifetime with this strategy – you save more and get rich right? Regular...

Premiums are on the rise…but is Private Health Cover worth it?

Say 'What' Wednesday Premiums are on the rise...but is Private Health Cover worth it? Welcome to Finance & Fury, Say ‘What’ Wednesdays! where we answer your questions on finance and economy. Today’s question comes from Mike – ‘Hey mate, loving the show, what’s...

Say ‘What’ Wednesdays: Is it time to jump ship? Should you sell your bank shares?

Say 'What' Wednesday Is it time to jump ship? Should you sell your bank shares? Today’s question comes from Jake. He asks “should I sell my bank shares, given the recent fall out from the royal banking commission?” IMPORTANT: This episode comes with a general advice...

How to best invest for Children or Grandchildren?

Welcome to Finance and Fury, The Say What Wednesday Edition This week's question comes from Cameron "One small question we have been pondering. Our parents are gifting a small amount of money monthly to our 1yr old son (their grandchild). Rather than let in mature in...

Pin It on Pinterest

Share This