Get the Financial Independence Newsletter
One of the biggest challenges young people face is housing.
They see prices rising and worry they’ll never be able to buy.
Of course, the media fuels this to no end – warning that price rises may cause a whole generation of would-be homeowners to be ‘locked out’.
The good news is, that basically doesn’t apply to Strong Money readers.
In this week’s article, I explain why rising home prices is not something you need to lose sleep over if you’re managing your money well.
If you do the right things, not only can you keep up with the property market, but you can speed right passed it.
Read: Why You Won’t Be ‘Priced Out’ of the Housing Market
STRONG MONEY PODCAST
The latest episode of the Strong Money pod is the same as my new article!
Since I expect this topic to be one I keep referring people back to, I decided to make an audio version too.
We’ll continue revisiting and updating some of the classic posts from over the years, but every now and then I’ll also do audio versions of new articles if I think they’re going to be more ‘evergreen’.
Listen here on Spotify, Apple, or on the website.
|
|
AUSSIE FIRE PODCAST
The 4% rule is a widely used metric for answering the ‘how much do you need’ question for retiring early.
But do you really need that much in all cases?
The answer is no. And in the latest FI case studies we unpack a scenario where the 25x multiplier isn’t strictly needed.
We also look at the tradeoffs between buying more assets vs reducing debt – weighing up growth, uncertainty, and personal goals.
We unpack why debt recycling might be a good fit for this listener.
Listen now on Spotify or Apple.
|
|
THOUGHTS OF THE WEEK
Ten years ago I saw financial independence as the finish line. But it’s really just the starting point – of creating the life you want, with the right amount (and type) of work, fun, and free time for you. And doing it from a position of financial strength and peace of mind.
Don’t just take inspiration from people whose situation you admire. Take inspiration from people whose situation you would loathe. Reverse motivation is powerful. Find what you DON’T want and commit to NEVER ending up with that outcome.
Running your personal finances like a business will completely change your life trajectory. Grow earnings. Cut expenses. Maximise profits while balancing morale. Acquire assets. And use debt sensibly. Most people are running their finances like a big kid with pocket money.
BOOK UPDATE
As you read this, I’m waiting for a printed copy of my book to arrive so I can check it over.
After that, any last fixups will be done and then every format will be uploaded and scheduled for release on the distribution platforms – Amazon, Spotify, etc. (it’ll be available everywhere the first book is).
I know of no other book quite like this for the FI community – and anyone with wealth at a youngish age.
I’m hoping it’s like the ultimate cure for ‘One More Year Syndrome’ to move past any fears you may have and transition towards freedom-based living, and ultimately, a life you love.
It caters to every desired level of freedom – whether full FI, just ratcheting back work a little, or moving towards work with more purpose.
Anyway, it’ll be out in about 2-3 weeks time, so stay tuned!
SOCIAL MEDIA SCAMS
There are some clowns making fake Strong Money profiles on Facebook.
They use my picture, my logo, and often copy a couple of my recent posts – and then send friend requests to my followers.
Their goal is to get you to join some dodgy WhatsApp investing group promising (as me) to give you advice on trading stocks or shitcoins or something like that – where eventually, you’ll be scammed (somehow).
This is NOT me. Please block and report any profile who sends you ‘friend requests’ and let other people know too.
Unfortunately that’s all we can do to protect everyone in the community – these things will keep popping up from time to time.
Thanks in advance for helping keep your fellow members of the Strong Money tribe safe!
