![]() ![]() There are managed accounts now that are pushing these complex custom portfolios out of the market, very interesting as it's usually outsourced to a consultant separate to adviser dealer groups to create these for them to then use. r/investing First time here? Read the Getting Started Wiki Australian Savings Accounts Interest Rate Comparison.Please come back and post once you meet that criteria.įeel free to ask advice, give advice & share your journey! To reduce the amount of spam, we have an automod setup to automatically remove posts by accounts that are less than 3 days old or have negative karma. ![]() When participating on this subreddit, please be mindful of the ways in which you are lucky. Taking the slow road, or the traditional road to retirementīecoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. Gaining wealth for the purpose of excessive consumption Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE Striving to save a large percentage (generally more than 50%) of your income to accelerate achieving FI Working to increase your income and income streams with projects, side-gigs, and additional effort. Your wants and needs aren't written in stone, and less spending is powerful at any income level. Simplifying and redesigning your lifestyle to reduce spending. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles no matter if you're retired or not, or how old you are.ĭiscovering and achieving life goals: “What would I do with my life if I didn't have to work for money?" This subreddit deals primarily with Financial Independence in Australia, but additionally with some concepts around "RE".Īt its core, FI/RE is about maximising your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. Financial Independence Australia Getting Started Wiki Our Sub Rulesįinancial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. Why not retire at 45? At 35? Welcome to the concept of Financial Independence. You can be financially independent early in life! There is no need to work until to you are 60+ in order to access Superannuation benefits and retire. Welcome to the Australian version of r/financialindependence, a place created for Australians to discuss the concepts of financial independence (FI) and retiring early (RE). First time here? Read the Getting Started Wiki ![]()
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