All in Index Funds
I’m particularly excited about today’s podcast because it is a revisit episode with Bradie and Paul. The elevator pitch for them is that they felt they were drowning in debt just seven short years ago, and now they have just completed their first year of early retirement! Today, I’m really happy to give you an update on a story that keeps getting better over time.
It’s what you DO with an inheritance that counts. Will chose to pay off debt and invest. His biggest financial triumph, he said, has been the fact that he took an interest in working out how to grow wealth, he took the time to educate himself, and then he actually took action. Now married and living in their own home in Auckland, this 31-year-old couple is still well on their way to financial freedom.
For the last episode in this series, I have once again reconnected with a few people that I’ve interviewed before. I like to check in on people and get a feel for the progress and changes they have made and I know you do too.
When Julian and Sophie met in 1999 they each had a car, a very small amount in savings and no debt. Just 21 ‘short’ years later they have an approximate net worth of $1,500,000. So, how did they do it?
Aria and her husband Dave didn’t grow up with much so once they got together they knew they didn’t want to live paycheque to paycheque. When asked what financial independence means to them they said it means “we don’t have to worry about money” and that is a sentiment that they want for everyone.
“Well this is awkward” I thought when some guy called Chris started secretly emailing me without his partner’s knowledge! Big long emails with tonnes of questions about personal finance, my favourite topic for sure! That is how I came to sit on the sidelines of the transformation of not just Chris but of his partner Rosemary’s financial life.
Jen freaked out at 49! She considered herself to be halfway through her life and had big concerns about what the other half might look like. A divorce halved her net worth and becoming a single mother introduced a whole heap of new challenges. She is now fast tracking to an early retirement at the age of 55 and is a wonderful example of showing just what a woman on a mission is capable of!
What you pay attention to gets done and Kate worked this out from an early age. There is little that will keep her from achieving her goals.
Tom’s story gives a fascinating look at the rocky ride of a share investor, a life well lived and a net worth that reflects that it all worked out OK in the end.
Alison and Tom are parents to four children under the age of four. With a house build on the cards, a tight budget and a single income, we hear how this family of six manage to not just survive but thrive.
Three kids and an almost paid for house? It sounds like an impossible dream but I’m pleased to tell you it is a reality for this Wellington couple.
Simon knows where he is at financially and more importantly he knows what kind of life he wants to live today and into the future.
Bret has spent the last year and a half going from super consumer to super saver. He used to use money to buy endless stuff, but now he is using it as a currency to buy back his time.
