In this episode, we discuss the crackdown on financial content by the regulator ASIC.

We share our thoughts on these issues and how it affects what bloggers and podcasters are able to say to their audience.  The restrictions are so frustrating that we have decided to end the show.

We've both enjoyed making FIRE & Chill over the last two years and we truly hope you've gotten value from the content.  Thanks so much for your support and understanding.


More info...

• ASIC  Guidelines Information Sheet
• Money Magazine's Summary of the Changes
• Senator Jane Hume Contact Page
• Dave's Article on the 'Finfluencer' Crackdown
  
  

In this episode, we talk about the different taxes we face on our financial journeys. 

We discuss taxes on our income and investments, different options for reducing tax, including tax deductions and negative gearing.  We also break down examples of what taxes look like when you're living off a portfolio.


Discussion points...

• Intro chat  (01:10)
• Employment taxes  (03:26)
• Salary sacrificing and salary packaging  (07:45)
• Capital gains and dividend taxes  (16:19)
• Reducing tax on investments  (28:15)
• Negative gearing and debt recycling  (39:47)
• Taxes in early retirement  (47:08)
• Some thoughts on trusts and structures  (53:13)
• Where do our taxes go?  (59:11)

Resources and stuff mentioned...

• How we track our investments:  Sharesight
• Key Investment Principles for Long Term Success
• Using Debt to Invest in the Sharemarket

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  fireandchillpod@gmail.com

In this episode, we discuss the huge overlaps between Minimalism and the pursuit of financial independence. 

We talk about the benefits of Minimalism, the possible drawbacks, and how to put these lessons into practice in our everyday lives.


Resources and stuff mentioned...

• How we track our investments:  Sharesight
• Low-cost share investing platform:  Pearler
• Further reading on Minimalism:  The Minimalists
• Further reading on Minimalism:  Becoming Minimalist
• When Novelty is the New Normal
• Being Green And Building Wealth 

Discussion points...

• Intro chat  (01:10)
• What is minimalism all about?  (03:32)
• Examples of minimalism in practice  (09:38)
• The benefits of minimalism  (26:35)
• The possible drawbacks  (35:46)
• Misconceptions about minimalism  (40:41)
• Our experiences (45:13)
• Conclusion and takeaway (50:43)

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  fireandchillpod@gmail.com

In this episode, we do a thought experiment.  What if we woke up as 18 year old's and had to start our wealth-building journeys all over again?

What first steps would we take?  What would we do differently? 


Discussion points...

• Intro chat  (01:10)
• Would we study or start work immediately?  (05:32)
• Would we try to earn extra income?  (13:36)
• Buying vs renting for us starting now  (18:50)
• Our expected living expenses, savings rate and timeframe to FI  (26:02)
• Would we be more frugal than we are now?  (36:24)
• Semi-retirement or full FI?  (41:12)
• How would we invest?  (45:48)
• Would we put extra into super?  (52:32)
• What if we started at age 40 instead?  (55:20)
• What if we were single?  (1:05:46)
• Overall, would it be easier or harder?  (1:09:37)

Resources and stuff mentioned...

• How we track our investments:  Sharesight
• Low cost share investing platform:  Pearler
• History of interest rates in Australia
• Early Retirement Calculator
• DHHF & VDHG: Is One Fund All You Need?
• Why Financial Independence is Getting Easier
• The Future of Financial Independence

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  fireandchillpod@gmail.com

In this week's episode we open the mailbag and answer a bunch of listener questions.  Hope you enjoy!


Discussion points...

• Intro chat  (01:04)
• Can index funds drop even if shares rise?  (05:16)
• Should I keep investing or start a business?  (10:01)
• How do I stay strong during a market downturn?  (14:16)
• I'm self-employed, should I still put money in super?  (25:05)
• Can you turn liabilities into assets?  (32:47)
• I keep investing my cash buffer, help!  (40:14)

Resources and stuff mentioned...

• How we track our investments:  Sharesight
• Low cost share investing platform:  Pearler
• Dave's Post During the Coronavirus Sharemarket Crash
• Dave's Post on Short Termism and Market Madness
• Pat's Poorly Timed Investing Post ;)
• Pat's Post on Market Timing During March 2020

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  fireandchillpod@gmail.com

In this episode, we tackle a topic that has received countless media coverage over recent years.  In one way or another, most financial commentary implies that the future is bleak, and young people are screwed since there's so many factors working against us.

In fact, most casual observers would agree with this statement without even questioning it.  But is this true?  We unpack the arguments today and share our thoughts.


Discussion points...

• Introduction  (01:10)
• Jobs are less secure than they used to be  (04:00)
• Wages aren't growing  (11:55)
• Young people probably won't get a pension  (18:48)
• Generational inequality  (27:21)
• Lower investment returns  (32:46)
• Expensive housing  (39:45)
• Final thoughts  (53:48)

Resources and stuff mentioned...

• How we track our investments:  Sharesight  (save 33% off a premium plan)
• Low cost investing platform:  Pearler  (free brokerage on your first 2 investments)
• Podcast:  Basics vs Luxuries - 120 Years of Perspective
• Article:  How Do House Prices Affect Financial Independence?
• Article:  Best Paying Jobs Without A Degree
• ABS average full-time income data
• ABS median full-time income data
• Capital city rental growth last 10 years
• RBA inflation calculator
• Inheritances and family wealth 

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  fireandchillpod@gmail.com

This week's episode is all about using leverage in the sharemarket. 

We look at the different borrowing options, the pros and cons of using debt to buy shares, and the things you need to consider before diving in.  We also share thoughts on which options are the most attractive and whether we'd do it ourselves.


Discussion points...

• Follow-ups on insurance and the pension  (1:34)
• The benefits of borrowing to buy shares  (06:33)
• Downsides of using debt to buy shares  (09:47)
• How does tax work when we use leverage  (15:23)
• Working out your profit margin on the borrowed money  (18:08)
• Using home equity to buy shares  (21:36)
• Margin loans  (24:10)
• NAB Equity Builder  (35:40)
• Leveraged ETFs  (41:26)
• Should you invest differently with borrowed money?  (51:18)
• Other considerations and reminders  (55:03)
• How debt can affect early retirement  (57:36)
• Which option we like the best and final thoughts  (1:01:00)

Resources and stuff mentioned...

• How we track our investments:  Sharesight
• Recommended broker for buying shares:  Pearler
• Article:   Should You Borrow to Invest in Shares?
• Article:  The Ultimate Guide to Debt Recycling
• Podcast:  Key Investment Principles For Long Term Success
• Podcast:  How to Manage An Investment Portfolio

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  fireandchillpod@gmail.com

In our first episode for 2022, we highlight some key personal habits and traits that help us build a happy and prosperous future.  These things not only help us reach our goals, but keep our lives balanced and healthy too!


Discussion points...

• Quick catchup  (1:18)
• Be action oriented  (4:30)
• Gratitude and perspective  (12:06)
• Keep your wealth and spending in proportion  (19:40)
• Prioritise investing  (26:11)
• Health and relationships  (32:09)

Resources and stuff mentioned...

• How we track our investments:  Sharesight
• Recommended broker for buying shares:  Pearler
• Article:  Internal Locus of Control
• Podcast:  The FIRE Philosophy
• Book:  Enlightenment Now
• Book:  Extreme Ownership
• Book:  7 Habits of Highly Effective People

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  fireandchillpod@gmail.com