30. Mistakes and Traps to Avoid on the FI Journey
Listen now
Description
In this episode, we discuss some of the mistakes and traps people fall into when working towards financial independence.  Knowing what not to do is almost as important as knowing what to do.  We offer some important reminders and also share what we'd do differently if we had our time again. Discussion points... Additional comments on ethical investing  (01:57)Saving too much  (08:55)Working too much a.k.a. side hustle fever  (16:30)Having no other interests  (26:04)Addicted to accumulating wealth and safety  (31:29)Waiting to start  (39:07)Final thoughts and some reminders  (46:15) Resources... Our favourite portfolio tool:  SharesightPodcast:  Multiple Ways to Make More Money Article:  If the FIRE Journey Makes You Miserable, You're Doing it Wrong More from us... Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  [email protected] 
More Episodes
In this episode, we discuss the crackdown on financial content by the regulator ASIC. We share our thoughts on these issues and how it affects what bloggers and podcasters are able to say to their audience.  The restrictions are so frustrating that we have decided to end the show. We've both...
Published 04/18/22
In this episode, we talk about the different taxes we face on our financial journeys.  We discuss taxes on our income and investments, different options for reducing tax, including tax deductions and negative gearing.  We also break down examples of what taxes look like when you're living off a...
Published 04/04/22
Published 04/04/22