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Last year my goal was to have a years gross salary in non-retirement investments.. I made it. Barely. So let's get ambitious again! 2016 Goals: - increase non-retirement investments from 60k to 80k - stretch goal: increase non-retirement savings to 1.5x my gross salary. - continue salary sacrificing $150 a month into superannuation - stretch goal: increase net worth to $130k (including super) - do one online course relevant to my industry - read three finance books relevant to Australia (already working on this)
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Dec 23, 2015 06:07
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| # ¿ May 3, 2024 06:49 |
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froglet posted:Last year my goal was to have a years gross salary in non-retirement investments.. I made it. Barely. So let's get ambitious again! 2016 Goals: - increase non-retirement investments from 60k to 80k - stretch goal: increase non-retirement savings to 1.5x my gross salary. I have no idea if I can achieve this one any more because the markets are tanking, I booked a holiday to San Francisco and my partner got me to go engagement ring shopping this weekend. It's almost like he wants a commitment from me... Or something.  Anyway, will see how this goes. I've been able to save up a fair bit this month, though I think all my saving this year is going to be eaten up by an engagement / wedding because he didn't want to go to the registry office.  - continue salary sacrificing $150 a month into superannuation Yup, still doing this. - stretch goal: increase net worth to $130k (including super) Unlikely at this stage. - do one online course relevant to my industry Got part of the way through a software testing one. I should really finish that off. - read three finance books relevant to Australia (already working on this) Read one so far. It was ok, was kinda more for baby boomers who've bought too much house, though.
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Feb 7, 2016 13:13
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froglet posted:Last year my goal was to have a years gross salary in non-retirement investments.. I made it. Barely. So let's get ambitious again! Last month I was worried I couldn't make it, this month... - increase non-retirement investments from 60k to 80k Was running the numbers last week and found I'm already halfway there. Not celebrating too early, though, because for all I know the stock market could tank in the next 9 months. - stretch goal: increase non-retirement savings to 1.5x my gross salary. Tried to quit my job, the boss gave me a 10k pay rise, which is nice. However, this goal is now technically possible, extremely unlikely (given my new salary). If I'm going by the number I was on at the beginning of the year, though, it's very possible! - continue salary sacrificing $150 a month into superannuation Still chugging along. Going to bump this up to $250 a month as a hedge against lifestyle inflation. - stretch goal: increase net worth to $130k (including super) About 20k shy of that goal. - do one online course relevant to my industry Did an hour-long online course, so I'm done with that, but part of my agreement with work was getting some time off to do another course. Aiming to get it done before EoFY in July. - read three finance books relevant to Australia Done! I get the impression the people writing these books want to be entombed in a pyramid made of gold or something.
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Mar 21, 2016 13:49
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pig slut lisa posted:Book report! Book report! (or just titles) $1 Million for Life: How to Make It, Manage It, Maximise It by Ashley Ormond. How to Give Your Kids $1 Million Each! (And It Won't Cost You a Cent), Updated Edition by Ashley Ormond ^ both of these were more intended for an older generation than myself, I think. The first book heavily promoted superannuation as a means of avoiding tax and investing for the future, but unless you're already on a high income this hamstrings you if you need the money outside of super (for a house/marriage/travel/kids/etc) Definitely worth a read as both contain Australia-specific information, but some of it was really optimistic and built around the idea of home ownership. Lastly: The One Page Financial Plan - Everything You Need to Successfully Manage Your Money and Invest for Wealth Creation by Sam Henderson Again, I found some of it not particularly applicable to my situation, because it's about legal tax minimisation and sort of assumes you're not 40+ years away from retirement, but still had lots of good Australia-specific information.
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Mar 23, 2016 12:17
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moana posted:Awwww yeah spwrozek! Moana, I think you're my BFC hero.  Congrats and good luck with the babby!
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Aug 18, 2016 14:35
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Hopefully the move in goes well and you can start saving even more! And congrats to all the rest of you getting so far ahead with your goals. It's great to see.
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| # ¿ May 3, 2024 06:49 |
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froglet posted:Last month I was worried I couldn't make it, this month... - increase non-retirement investments from 60k to 80k I'm calling this Done, since my between all my non-retirement savings and investment accounts I have $80.7k (though I've got one more pay to go this year). I decided to increase my cash position because I'm getting married next year and thought it'd be handy if we decide to have a honeymoon. Note that I went through a job change right before going on a 3.5 week holiday to the US, otherwise this final number would have been higher, heh. - stretch goal: increase non-retirement savings to 1.5x my gross salary. Nah, didn't happen, lol, especially since I got a 10k pay increase. - continue salary sacrificing $150 a month into superannuation Meh, didn't set this up with my new job. So on the one hand, DONE because I did continue the salary sacrifice right up until I changed jobs, but on the other hand, I didn't stick it out a full year. - stretch goal: increase net worth to $130k (including super) I'm actually only 3k away from this. I should be here by January. - do one online course relevant to my industry Done! On top the course I did online, I also got sent on a trip to do another work-related class! - read three finance books relevant to Australia Done!
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Dec 25, 2016 17:06
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