Welcome to our blog about our investment and financial journey in Australia.
We are: A happily married mid-20s couple, with one cat and no kids (yet). We have a dream & a goal that one day, sooner than you’d think, we will be financially independent with our investment income paying for the life we want to live as early as possible.
When do we want to achieve this by? 50? That would be good. 45? Even better. 40? Now we are talking. Being in our mid 20s it’s incredibly hard to say what our future will be like so we don’t have a specific step-by-step plan. But we do know where we want to get to, we know how we’re going to get there and we are incredibly motivated to do it.
We are huge believers in only spending money on things that are important or make us happy, to spend less than we earn. Then, with the savings, make our money work as hard as possible to help us achieve our goals.
We want to own small parts of many Australian companies, these companies will grow their businesses with time and pay us ever-increasing dividends.
If we own enough shares, we can live totally off dividends.
This will take years and years of living below our means, spending less than we earn, being frugal, investing frequently and investing smartly. This blog will follow our progress, showing that it’s possible to achieve money goals, even on a modest income. It will also serve as a constant reminder and motivation to us to see where we started and how far we’ve already come.
We’re very excited to blog our journey, as daunting as the size of our goal is. We hope in a year, 2 years, 5 years, we’ll be able to look back and be proud of what we’ve achieved.
Another reason why becoming wealthy is so important to us is, which is mentioned above, we have no children. We’ve been told that it’s going to be a lot more difficult and expensive for us to have any children. So we will need medical assistance, through IVF (which is the expensive part). This has changed our investment journey map before it’s barely begun. It will take longer, it will be harder, but that just makes us more determined.
We hope that this blog will be a success journey with both investments and children along the way, we hope you enjoy it.
Mr and Mrs DDU