tag:blogger.com,1999:blog-313506662024-03-19T15:15:25.027+11:00Enough WealthThe ups and downs of trying to accumulate a seven-figure net worth on a five-figure salary, loose weight, get fit, do a post-grad course and launch a financial planning business - while working full-time.enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.comBlogger1788125tag:blogger.com,1999:blog-31350666.post-39732570936469749122024-03-19T13:42:00.001+11:002024-03-19T15:14:53.915+11:00End of Week 5 of '90 day transformation challenge'My 'progress' so far: Body Recomposition Averages (per day)Week# Wt (kg) Body Fat % cals g prot % carbs % fat steps/day1 -3.4 -1.1% 1,348 85&enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-41095007427964966172024-03-11T12:52:00.001+11:002024-03-19T13:31:26.616+11:00End of Week 4 of '90 day transformation challenge'My progress so far: Body Recomposition Averages (per day)Week# Wt (kg) Body Fat % cals g prot % carbs % fat steps/day1 -3.4 -1.1% 1,348 85 enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-27553494651962429672024-03-10T18:53:00.003+11:002024-03-10T18:53:51.002+11:00Accumulated Annual and Long Service Leave valuation - should I start 'cashing out' some unused leave?As I have mentioned once or twice previously in monthly NW estimates, another 'asset' I have that I don't bother to include in my monthly NW estimates is my accumulated unused annual and long service leave entitlements. Any accrued amounts when I eventually resign/retire will be paid out using the current salary rate. I currently have balances of 1,076 hrs Annual Leave and 518 hrs of Long Serviceenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com2tag:blogger.com,1999:blog-31350666.post-51484351248044455482024-03-08T09:12:00.000+11:002024-03-08T09:12:02.484+11:00Investment Bond Performance Update - FEB 2024My latest quarterly contribution into my investment bond has been processed per the recently changed asset allocation. The overall allocation is still different from my new settings, as I only instructed the new fund allocations to apply to new contributions and to the annual 'rebalance' (that should happen at the end of May. The performance since I started the investment bond in Jan 2021 had notenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-71047284278717617612024-03-07T19:30:00.000+11:002024-03-07T19:30:29.056+11:00Trading Accounts updateI haven't done an update on how my 'trading' accounts have performed since the end of December, so here is a quick status update.Superhero App account:A$284.05 This is 19 units of BetaShares Global Robotics and Artificial Intelligence ETF RBTZ.AU. Currently total return is +18.93%.US$4,144.94. This is split across 7 investments:6.51767 units of GOOGL.US Avg cost $139.0917. Last price $enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-60144751413987828642024-03-04T23:43:00.000+11:002024-03-04T23:43:20.768+11:00Do me a favour?For my PhD research I will be gathering some survey results. One of the channels I might use for some aspects of my research is a 'survey sharing' platform called 'SurveySwap'. You earn credits (to use to 'pay' for having your own survey done by suitable members) by completing the survey of other platform users.Anyhow, if you have a survey you would like done by a random sample of respondents (orenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-64191656205760173512024-03-04T01:07:00.000+11:002024-03-04T01:07:20.495+11:00End of Week 3 of '90 day transformation challenge'My progress so far: Body Recomposition Averages (per day)Week# Wt (kg) Body Fat % cals g prot % carbs % fat steps/day1 -3.4 -1.1% 1,348 85 enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-46289807068797962842024-03-03T12:39:00.000+11:002024-03-03T12:39:02.027+11:00Insurance coverMoomin has been reflecting on his mortality and considering the need for some liquid cash to cover immediate financial needs 'if anything happens'. He has most of his financial assets invested productively, so not a huge amount sitting around in a cash 'emergency fund' or his mortgage offset account. So I suggested that is what life insurance (and possibly Trauma or Critical Illness, and/or enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-88779772131308145132024-03-01T15:43:00.000+11:002024-03-01T15:43:52.154+11:00Net Worth - FEB 2024Chart updated to end of February in sidebar.Stocks/cash increased $3,243 (+1.35%) to $243,959. (This isn't as much as you would expect, because I lump my various cash accounts into the 'stocks' category -- my 'liquid' cash in various accounts is about $184,452.31. Most of it is sitting in my mortgage offset account, so effectively 'earns' 6.54% by reducing the monthly interest charged on my enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-1529653860810521472024-02-27T21:04:00.004+11:002024-02-27T21:14:00.767+11:00End of Week 2 of '90 day transformation challenge'I've been sticking to 'the plan' for my lifestyle change (less junk food and more exercise) since the 'Pro Physique 90-day transformation challenge' started on 12 Feb. My main goal was to cut out all junk food, reduce daily calories by 'intermittent fasting' (not having breakfast and having a 'brunch' around noon, then having dinner before 7pm) and try to get enough protein intake to try to enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-85106135831285194682024-02-17T22:46:00.000+11:002024-02-17T22:46:27.899+11:00Deferred Lifetime Annuity Annual CPI adjustmentI logged into my Deferred Annuity account to check if the annual cpi adjustment had been made. The purchase date (after a bit of a delay processing my initial online application) was 6 Jan 2023. The initial $10,000 purchase was for a lifetime annuity with the monthly payment start deferred until age 99 (I initially picked 100, but it turned out that 100 was maximum allowed age for the first enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com1tag:blogger.com,1999:blog-31350666.post-2130069169717372162024-02-15T13:23:00.000+11:002024-02-15T13:23:07.165+11:00Another attempt at lifestyle changeOne of my most frequently failed goals is to shed the extra weight I've had since high school, and to make regular exercise a part of my daily routine. I was slightly overweight in high school (78kg) and not very active (although I did do some soccer, judo and comp tennis, and did my bronze medallion and bronze cross lifesaving qualifications). I gained weight during university, and then slowly enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-91338015284891077512024-02-14T16:58:00.000+11:002024-02-14T16:58:33.924+11:00Why the first $1X is the hardest - further musingsMany people (including myself) had written (or done youtube videos) about why 'the first $100K is the hardest', and Charlie Munger famously said that investing your first one hundred thousand dollars is the most difficult part of creating wealth. It all boils down to the effect of compound interest, which according to Albert Einstein: “Compound interest is the eighth wonder of the world. He enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com1tag:blogger.com,1999:blog-31350666.post-51541682709508773202024-02-13T19:13:00.000+11:002024-02-13T19:13:12.014+11:00Annual salary review and bonusAnother year, another pay rise lower than inflation, not to mention in comparison to the rise in AWOTE (average wage). I received a 2.5% pay rise, same as last year. Considering inflation was 4.1% in 2023 and 6.6% in 2022 that means my salary has decreased by 5.3% in real terms during the past two years.Fortunately at the stage of working life I am happy enough to just earn enough to pay the enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-87139398577632405502024-02-10T15:56:00.000+11:002024-02-10T15:56:26.250+11:00Investment Bond Asset Allocation Factor Tilt AnalysisSince 'tilting' a vanilla index fund asset allocation to those factors that apparently add excess performance (small vs large market capitalization, values vs growth stocks, etc.) I decided to do a rough estimate of whether or not my current Investment Bond asset allocation has any 'tilt', and if so. is this in the direction(s) that should (theoretically) provide some excess return over the long enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-18160901148864851362024-02-05T20:51:00.002+11:002024-02-05T20:51:40.705+11:00Fiddling around with my Investment Bond Asset AllocationI started my Generation Life Investment Bond ('LifeBuilder') investment at the end of 2020, with an initial deposit of only $1,000. The initial investment was processed on 6 Jan 2021, so that is the 'anniversary date' for calculating the '10 year rule' basis for any withdrawals being 'tax free' (although the internal tax rate is around 30%, so this isn't really much of a boon unless your marginalenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-79017864066244707112024-02-03T19:27:00.001+11:002024-02-03T23:35:30.391+11:00HEAS for fun and profitThe Home Equity Access Scheme (HEAS) is a Federal Government program runs by Services Australia to provide older Australians who are Pension age (67) or older with voluntary access to a non-taxable loan from the government, secured against unencumbered Australian real estate (usually the family home). It was initially intended to provide Australian pensioners living off the Age Pension with a wayenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-83392711586551955222024-02-01T13:02:00.001+11:002024-02-01T13:02:24.993+11:00Net Worth - JAN 2024Chart updated to end of January in sidebar.Stocks/cash increased $7,615 (+3.27%) to $240,716.Retirement savings (SMSF etc) increased by $25,722 (1.56%) to $1,678,500 in line with the market trend and our asset allocation.Est. valuation of our home (my half) decreased by -$1,296 (-0.11%) to $1,138,275. The 'Other real estate' (my 'lake house' and the investment apartment) increased by $1,795 (0.02enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-32230545701501078982024-01-26T01:27:00.000+11:002024-01-26T01:27:09.678+11:00Labor's proposed change to the legislated 'stage 3' income tax cutsHaving had two previous 'stages' of income tax reform legislation targeted mostly at low and middle income earners, the previously legislated 'stage 3' tax cuts were intended to finally provide some simplification of the rather complex range of 'tax brackets' used in Australia, and pushing the top tax bracket (45% income tax + 2% medicare levy, which, when you spend 'after tax' take-home pay on enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com3tag:blogger.com,1999:blog-31350666.post-56386165982124637002024-01-14T12:28:00.000+11:002024-01-14T12:28:02.851+11:00Wealth Accumulation 'boiling point'The Money Guys posted an interesting youtube video outlining what they call the 'boiling point' of an investment portfolio. The essential concept is that at some point in your wealth accumulation and investment journey the amount you save and invest will stop being the main driver of your wealth accumulation, and instead the returns (reinvested) provided by your existing investment portfolio willenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com1tag:blogger.com,1999:blog-31350666.post-65504251305214931052024-01-13T11:32:00.005+11:002024-01-13T11:32:59.007+11:00The 1%A funny take on the "1%" by RickySubscribe to Enough Wealth. Copyright 2006-2024enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-32667724366875061172024-01-11T17:00:00.005+11:002024-01-11T17:00:51.376+11:002023 budget review - plan vs actualsBack in January I switched from using my NAB credit card (paid off in full each month) for most daily expenditure to instead using a Debit card linked to my main bank savings account that receives my after tax wage income. This was due to the requirements of the mortgage for my investment apartment (I had to close my credit card accounts to reduce my credit utilization). I also make direct bill enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-12211732596814418442024-01-02T15:38:00.001+11:002024-01-02T15:38:45.732+11:00Net Worth - DEC 2023Chart updated to end of December in sidebar.Stocks/cash increased $4,966 (+2.18%) to $233,101.Retirement savings (SMSF etc) increased by $76,339 (4.84%) to $1,652,778 in line with the market trend and our asset allocation.Est. valuation of our home (my half) increased by $30,161 (2.72%) to $1,139,571. The 'Other real estate' (my 'lake house' and the investment apartment) increased by $21,101 (enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-81062183019459547422023-12-30T23:25:00.003+11:002023-12-31T17:01:38.867+11:00Trading accounts - end Dec '23 updateSummary of my 12% solution 'superhero' portfolio and 'moomoo' day trading account (and whatever miscellaneous trading I might do in future).The "12% solution"" recommendation email from David Alan Carter for the end of December remained at 60% QQQ + 40% TLT. I hadn't needed to do any trades the previous few months, so I actually forgot about doing the 1 Dec trades to 'track' the "12% solution" enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0tag:blogger.com,1999:blog-31350666.post-66557553245074353092023-12-06T23:36:00.004+11:002023-12-06T23:36:32.669+11:00Retirement Savings Rates, Returns and Results - a rough guideFor anyone in the early stages of retirement savings, it might be of interest to see a rough projection of how savings rate (how much of your after tax salary you save towards retirement) and expected average real, after tax returns would affect your 'likely' amount available to fund retirement after 45 years of working. Of course sequencing risk can alter the final amount even for identical enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.com0