Aussie Firebug

Today I invited one of my favourite Aussie FIRE bloggers on the pod, and that’s none other than Aussie HIFIRE. HIFIRE works in finance and is looking to create a higher than average income stream to fund his retirement.Some of the topics we cover are:Who is Aussie HIFIRE? (00:04:30)What is HIFIRE and how does it differ from regular FIRE? (00:05:10)What does AHF want to do during retirement? (00:11:53)The role that bonds play in a portfolio (00:18:53)How Aussie HIFIRE approaches FIRE and kids (00:29:42)Income insurance during the accumulation phase (00:44:10)www.aussiefirebug.com/aussie-hifire/

Hey guys, welcome to the Aussie Firebug podcast, My names Matt, I’m a country boy for regional Victoria. I barrack for the Magpies, I love to snowboard and I play way too much Call of Duty. I’m a pretty normal bloke, but the one area where I’ve always been a bit different is when it comes to money and investing. In fact, I’m on track to reach financial independence by my mid-thirties and plan to retire early. That’s what the FIRE acronym stands for, financial independence, retire early. You might be thinking “There’s just no way someone could retire in their 30’s without a big inheritance, high paying job or winning the lotto”! But that’s just not true! Early retirement is 100% possible for most Australian. FIRE was a movement that started in the US around 2011 and has since spread all over the world.I stumbled across it in 2013 and when I read the formula for reaching early retirement, it blew my mind. It was one of those lightbulb moments that changed my life forever. There were heaps of great content creators for the states but they were all talking about 401K’s and Roth accounts. I wanted to know if FIRE was possible for Australians, so in 2016, I created the Aussie Firebug podcast. This is the financial independence podcast for Australians where I chat with people who have already reached or are on their way to financial independence. There’s also a segment called Asked Firebug Fridays where I answer listeners questions on the last Friday of every month. If you want to know more about me or the FIRE movement in Australia. Head over to https://www.aussiefirebug.com/welcomeI hope you guys enjoy the show and I’ll see you in the next episode

Today's episode covers the incredible story of how retail investors are taking on billionaire hedge funds. This David vs Goliath story heated up last week and the big wigs on Wallstreet resorted to insanely dirty tactics to try and break the internet army. Some of the topics we cover are:- What is GameStop (00:03:40)- What does it mean to short a stock? (00:08:45)- Dirty/Ilegal tactics that these hedge funds are trying to implement to stop further losses from occurring (00:17:25)- Why this story is resonating with so many millennials (00:27:40)- Aussies were trying to buy $GME stock on the ASX which is actually a mining company 🤦‍♂️ (00:46:13)#✋💎🤚#🚀🚀🚀#🦍💪🦍#Wejustlikethestock

Today I’m chatting to Dev Raga, a medical professional from Melbourne who migrated from India as a child in the 80's. Dev runs his own podcast at devraga.com and is breaking the stereotype of Doctors not being the best with money with his educational content on various personal finance topics. Some of the topics we cover are:- Dev's background (00:03:03)- How long does it take to become a doctor and when do they start earning the big bucks? (00:10:30)- How Dev became interested in FIRE (00:23:12)- What Dev invests in (00:44:06)- The Dev Raga Podcast (00:51:14)For a full transcription of today's episode plus show notes, please head over to https://www.aussiefirebug.com/dev-raga/

www.aussiefirebug.com/early-access-to-super/Today I’m chatting to Sam.A financial planner from around the Byron Bay area who had a really interesting path before he landed in Finance. Sam reached out to me after my Super podcast with James from earlier on in the year and explained that there was so much more to cover when it came to Super and FIRE for Aussies.Some of the topics we cover:- Early access to Super and what it means- Eligibility to get early access - Circumstances where it makes financial sense to withdraw your Super early- First Home Super Saver Scheme (FHSSS)- Sam's approach to the classic dilemma of investing inside or outside of - Super even when aiming for FIRE

https://www.aussiefirebug.com/fire-and-chill-with-pat-dave/ What a treat I have for you guys today.I’m joined by two of my absolute favourite bloggers who have been creating Australian FIRE content for years. We’re speaking to Pat from LifeLongShuffle.com and Dave from StrongMoneyAustralia.com.Both Pat and Dave have already been on the podcast before... in fact, this will be Pat’s third time.How greedy I know…😜Today we’re chatting how COVID has effected each of us, has anyone changed their investment strategies due to the recent events but most importantly, they have some exciting news that coming to the Aussie FIRE space next week and that’s a brand new podcast they’re starting called FI/RE and Chill.

https://www.aussiefirebug.com/starting-an-online-business-games-like-finderToday I have the pleasure of speaking to Sam from Games Like Finder.com which is a curated video game recommendation database where you can discover new games based on what you’re currently into. What I absolutely LOVE about Sam’s story is he took a passion and turned it into an online business that helps out over 10 million gamers and generates up to an astonishing $4K a month in profit. Some of the topics we cover:- How Sam came up with the idea for gameslikefinder.com- What were the steps from inception into a product- How does Games Finder make its money- How much does Games Finder make- How much time do you put in each month to keep it running- Tax benefits of having an online business- Sam's advice for anyone thinking about turning their passion into a side hustleA full transcription of this episode can be found at aussiefirebug.com

www.aussiefirebug.com/coronavirus-market-crash-with-peter-thornhillI chat with Peter Thornhill about the current market crash and if this is any different to previous bear markets. Some of the topics we cover:- Peter's experiences with previous bear markets- Similarities to the GFC- What Peter's buying in this downturn- DCA or lump sum?- Is this just fear and confusion or maybe a financial reset?A full transcription of this episode on the blog

https://www.aussiefirebug.com/super-and-fire/We’re kicking off 2020 with probably my most requested podcast topic of all time… and that’s Super and its role in the FIRE journey for Australians.This is an absolute monster of a podcast (nearly 1.5 hours long 🤯) where I’m speaking to Super Guru James Coyle. We cover so many things in this pod and the topics range from “I know nothing about how Super works” all the way into the nitty-gritty technical details that hopefully will shed some light for us FIRE folk and maybe will help some people out there that are weighing up the pros and cons of Super when it comes to FIRE.Shoutout to everyone who contributed to the questions on the Aussie FIRE discussion Facebook group. I did my best to tried to ask James the most ‘liked’ questions from the community but couldn’t get them all in.Also massive shoutout to Josh for the transcript below and Victoria who helped with some of the technical questions we had 🙏Some of the topics we cover today include:- The basics of how Super and the pension work in Australia- Tax benefits of Super- The tax-free environment within Super and how it works in practice.- The major differences between funds and what to look for- Children inheriting Super- How it works from the accumulation phase to your pension fund- Smart things to do if you're 50-60 and nearing your preservation age- SMSF, are they worth it for FIRE chasers?- Women-specific considerations to maximize the outcome of Super (great tip below)- How do minimum withdrawal rates work in retirement- First Home Super Saver SchemeAnd that's not even all of it I swear 😅

https://www.aussiefirebug.com/making-money-on-youtube-brandon/ Have you ever heard stories about some people being able to make a living by uploading videos to YouTube?You know what I’m talking about, those urban legends of a cat video going viral and the owner receiving thousands of dollar each month in passive income.Today I’m speaking to Brandon, a 24-year-old Physio from Canberra who also runs the Aussie Wealth Creation YouTube Channel that currently has over 45,000 subscribers and generates over $3,500 thousand dollars a month through YouTube Ad revenue. Some of the topics we cover today include:- Why Brandon started his YouTube channel- How to monetise a Youtube channel- What’s important when creating content- How much money you can expect to make per views- Other passive income techniques Brandon has tried- The Young Investors Podcast