**Due to the recent new laws concerning personal finance content creators in Australia, 44 articles have been unpublished from this website. As the blog can no longer serve the purpose for which it was created, the entire web page will cease to exist after November 2022. I have included a ‘Print’ button for any remaining articles you may like to keep as a paper copy prior to website deletion. **
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A few years ago, we realised something had to change. We were both earning a middle class income (factory worker & teacher), yet were living payday to payday. We didn’t have any debt, apart from the mortgage, and we paid our bills on time. Yet, we weren’t getting ahead financially.
We were also heading quickly towards our mid-40s, realised we didn’t have enough superannuation to retire and wanted to have our mortgage paid off before turning 60. We also had two young children (one with health complications) and two teenagers at home.
Around the same time we were becoming increasingly concerned at the amount of waste our household produced, and the declining sustainability of the environment.
We then implemented The Barefoot Investor strategies. This had a massive positive impact on how we managed money.
Every single expense was examined and reduced or deleted if possible, whilst at the same time we were making huge changes to reduce our household waste.
It was then I had an epiphany – by reducing our household waste, we were also saving money and reducing our environmental footprint.
Then we came across the Financial Independence Retire Early strategy where people retire in their thirties. (We wished we knew all this 25 years ago!)
We had obviously left it too late to retire in our 30s, yet started to seriously consider if we could reach financial independence before 60.
With a lot of number crunching, it turned out we could. This was an extremely exciting concept! And would only take us around 12 years.
We are currently living from one wage using the Barefoot Investor strategies, whilst the other wage is invested in shares to create a perpetual source of income through dividends.
We could have a higher combined savings rate than our current 60% if we discontinued with the Barefoot Investor strategies and focused on saving every dollar, however we are trying to keep some balance by putting money aside for a holiday every year and for having a little weekly spending money.
At the same time, by living frugally, we will continue to reduce our household environmental footprint.
Each month I’ll upload blog posts about changes our family have implemented that have helped us financially and have environmental benefits.
I’ll touch on a variety of topics including frugal living, minimalism, budgeting, finance, consumerism, plastic pollution and waste.
Please note this is not a professional financial service, but rather the sharing of our journey.