FIRE
- Thread starter Ferret619
- Start date
- Joined
- Jan 19, 2016
- Location
- The Dark Lord of Wet Shaving
Mason teaches you how to enjoy life without worrying what’s around you no matter where you go or travel into the world
Absolutely!!
Frugal is not minimalism and minimalism is not utilitarian.
I classify myself as utilitarian. I still buy what I need but I don't chase after the newest and latest everything.
House, furnishings, vehicle, clothes, air conditioning, a couple of TVs, laptops, mobiles, stereo etc are all a part of my life because I consider them basic necessities.
After this set-up, I'm content and don't feel the need to chase the latest/newest of everything. I buy clothes/shoes as when needed, my mobile is about to turn two years old and still going strong, as is my laptop (Lenovo Carbon X1; 8GB RAM, i7 processor). I generally find laptops run nicely for about 8 years at which point they are too slow and irritating to keep using, so I've a long way to go until I'll need a new one.
We eat out at simple restaurants once or twice a month (nothing fancy) and watch a movie at the cinemas once a month.
Frugal is not minimalism and minimalism is not utilitarian.
I classify myself as utilitarian. I still buy what I need but I don't chase after the newest and latest everything.
House, furnishings, vehicle, clothes, air conditioning, a couple of TVs, laptops, mobiles, stereo etc are all a part of my life because I consider them basic necessities.
After this set-up, I'm content and don't feel the need to chase the latest/newest of everything. I buy clothes/shoes as when needed, my mobile is about to turn two years old and still going strong, as is my laptop (Lenovo Carbon X1; 8GB RAM, i7 processor). I generally find laptops run nicely for about 8 years at which point they are too slow and irritating to keep using, so I've a long way to go until I'll need a new one.
We eat out at simple restaurants once or twice a month (nothing fancy) and watch a movie at the cinemas once a month.
- Joined
- May 10, 2017
- Location
- Canberra
Despite some delays we are making progress, the first house is being visited by tradies next week to get the property ready for sale in the early new year, following this we will be buying a slightly larger place and then selling another.
So sounds like we will be busy!
Since starting the thread i have concluded I don’t actually care for the FIRE movement, the principals are great but the group think mentality in the online communities I have spent time in have developed some rather ugly tenants and have developed attributes and attitudes that are very similar to those of eating disorders and it gets quite ugly actually and I try to enjoy learning about money.
So sounds like we will be busy!
Since starting the thread i have concluded I don’t actually care for the FIRE movement, the principals are great but the group think mentality in the online communities I have spent time in have developed some rather ugly tenants and have developed attributes and attitudes that are very similar to those of eating disorders and it gets quite ugly actually and I try to enjoy learning about money.
- Joined
- Feb 23, 2018
- Location
- victoria
I only really jumped onto proper financial planning quite recently. My wife and I had a couple of properties in Sydney, but we hated the stress of tenants, strata meetings and body corportate bullshit. So we sold everything, moved down to Vic and were able to buy a good house for the kids and to be nearly debt free.
Now in terms of F.I.R.E, I like the idea of quitting, so that I could spend more time with the kids, but I actually like my job (teacher) and I get school holidays to do that. We now try to follow Scott Pape's Barefoot steps. This works for us. It means that we both plan for the future, but also live in the moment too. We love to splurge now and again. We have also set up the three jar system with the kids and they love it too. Many have already said it and we all know it. Life is short, so try to enjoy yourselves.
Now in terms of F.I.R.E, I like the idea of quitting, so that I could spend more time with the kids, but I actually like my job (teacher) and I get school holidays to do that. We now try to follow Scott Pape's Barefoot steps. This works for us. It means that we both plan for the future, but also live in the moment too. We love to splurge now and again. We have also set up the three jar system with the kids and they love it too. Many have already said it and we all know it. Life is short, so try to enjoy yourselves.
I think it's very important today and tomorrow it will be even more important if you wish to maintain any sort of a lifestyle... I've been retried 23 years.. Best thing I can suggest is remove yourself from consumerism and learn to live-within your means, keep active and eat well.. learn to minimise waste, it's not only better for your wallet but good for the environment as well.
- Joined
- May 10, 2017
- Location
- Canberra
I’m just trying to learn all that I can to make the most of this opportunity-
owing a house large enough to support our family long term and being debt free at 31 offers a lot of freedom which i don’t want to squander.
owing a house large enough to support our family long term and being debt free at 31 offers a lot of freedom which i don’t want to squander.
- Joined
- May 10, 2017
- Location
- Canberra
I have finally done the last of the work I could on the house we are getting ready to sell. Just another couple of weeks and we will be on the market!
Once this one sells, we buy another and start the process all over again with our current house.
I’ll be so sick of houses.
Looking around our current house it dawns on me that my wife and I have like 6 pieces of furniture in total and are looking to get rid of some of it, I mean who needs that many!
People will think we are trendy minimalists but I sense a trip to ikea in my future.
As for working towards financial independence, we have decided we will continue to pay our current mortgage rate into the investments and over the next few decades (God willing) we should be in pretty good shape.
Once this one sells, we buy another and start the process all over again with our current house.
I’ll be so sick of houses.
Looking around our current house it dawns on me that my wife and I have like 6 pieces of furniture in total and are looking to get rid of some of it, I mean who needs that many!
People will think we are trendy minimalists but I sense a trip to ikea in my future.
As for working towards financial independence, we have decided we will continue to pay our current mortgage rate into the investments and over the next few decades (God willing) we should be in pretty good shape.
Last edited:
Monsta_AU
...can I interest you in some vintage blades?
Staff member
Forum Administrator
Grand Society
- Joined
- Feb 2, 2011
- Location
- Guildford.nsw.au
Yes, I have also been looking specifically at my finances and trying to put a plan together. As I get to the age where I can put more away into investments, sacrifice into super or Employee Share plans, it becomes more important as the time left to retirement (and thus the power of compounding) is shortening.
I have started in US shares now, and topped up some of my local share holdings also. I was previously doing some P2P lending however the risk in it now compared to the interest on offer now is no longer tolerable. My action was to liquidate my P2P positions (and it went into the US Market). Currently my US portfolio is sitting on an annualised gain of 23% outside of dividends of an additional 4% so pretty happy with that.
I have started in US shares now, and topped up some of my local share holdings also. I was previously doing some P2P lending however the risk in it now compared to the interest on offer now is no longer tolerable. My action was to liquidate my P2P positions (and it went into the US Market). Currently my US portfolio is sitting on an annualised gain of 23% outside of dividends of an additional 4% so pretty happy with that.