42 episodes

Join Pat the Shuffler and Dave from Strong Money Australia as they discuss how to reach Financial Independence and Retire Early (FIRE) in Australia. Learn to build a strong financial base of high savings and robust investments, so you can create your best life, and enjoy a happy early retirement.

FIRE & Chill FIRE & Chill

    • Business
    • 4.0 • 5 Ratings

Join Pat the Shuffler and Dave from Strong Money Australia as they discuss how to reach Financial Independence and Retire Early (FIRE) in Australia. Learn to build a strong financial base of high savings and robust investments, so you can create your best life, and enjoy a happy early retirement.

    41. FIRE Away! - Listener Questions Roundup #5

    41. FIRE Away! - Listener Questions Roundup #5

    In this episode, we answer a bunch of questions sent in by listeners.  A really nice variety of questions with something for people at every stage of the FI journey.  Hope you enjoy!


    Discussion points...
    Would you still invest aggressively inside super past age 40?  (05:42)What podcasts do Pat and Dave like listening to?  (16:37)What do you think of the changes to Vanguard Personal Investor?  (20:00)Case study - How can I optimise further?  (28:24)How would you get started investing as a teenager with $500?  (35:05)
    Resources and stuff mentioned...
    How we track our investments:  SharesightVanguard Personal InvestorYouTube - EinzelgangerYouTube - The CompoundPodcast - Rational ReminderPodcast - Making SenseArticle - VDHG & DHHF: One Fund PortfoliosPodcast - Superannuation and Early Retirement
    More from us...
    Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  fireandchillpod@gmail.com

    • 40 min
    40. Robo-Advisors (Six Park & Stockspot)

    40. Robo-Advisors (Six Park & Stockspot)

    In this episode we discuss the idea of using a 'robo-advisor' to handle our investments.  We cover how they work,  their investment strategies, how much they cost, the pros and cons of using a robo-advisor compared to investing by yourself and much more.


    Discussion points...
    Introduction  (01:12)What is a robo-advisor and how do they work?  (05:22)Portfolio options and Six Park/Stockspot investment allocations (12:51)How do the fees stack up?  (18:30)Benefits of using a robo-advisor platform  (21:26)The downsides of robo-advisors  (25:07)Our overall thoughts on these platforms  (29:09)Alternatives to Six Park and Stockspot  (33:15)Summary and final thoughts  (40:53)
    Resources and stuff mentioned...
    How we track our investments:  SharesightLow cost broker with automation:  PearlerArticle: DHHF & VDHG - One Fund PortfoliosPodcast: Why Fees MatterSix ParkStockspot
    More from us...
    Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  fireandchillpod@gmail.com

    • 48 min
    39. Savings with Benefits

    39. Savings with Benefits

    In this week's podcast we share some savings ideas which help you sharpen your finances and give you more cash to invest, as well as plenty of other life-enhancing benefits!

    Discussion points...
    A follow up on the Barefoot Investor  (01:41)Learning to cook and make our own food  (09:19)Making greener choices  (23:08)Living a more local lifestyle  (33:56)Tips for saving while socialising  (44:42)Creating your own gym  (49:10)
    Resources and stuff mentioned...
    How we track our investments:  SharesightRecommended low-cost broker:  PearlerPodcast:  Solar Energy with Finn PeacockPodcast:  Big Wins to Boost Your Savings RatePodcast:  Basics vs Luxuries - 120 Years of PerspectiveArticle:  Frugality & Food - The Grocery StrategyArticle:  How Being Green Builds WealthArticle:  Frugality & Fitness
    More from us...
    Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  fireandchillpod@gmail.com

    • 1 hr
    38. Should You DIY Your Entire Finances?

    38. Should You DIY Your Entire Finances?

    In this podcast, we discuss whether outsourcing anything financial makes sense, or whether we should strive to do it all ourselves.  We cover planning, investment portfolios, paying for advice, accounting, budgeting and more.


    Discussion points...
    Intro and what we've been up to  (01:13)Choosing and implementing an investment strategy  (03:58)Outsourcing investments and thoughts on financial planners  (11:28)Paying for advice, super and pension rules, and keeping it simple  (19:55)Budgeting and money management  (26:12)Should you do your own accounting?  (30:11)How to make it easier to DIY your finances  (36:28)What if your spouse isn't interested and when to consider getting help  (41:37)Final thoughts  (45:43)

    Resources and stuff mentioned...
    How we track our investments:  SharesightPodcast:  Key Investment Principles for Long Term Success Podcast:  How to Manage an Investment PortfolioPodcast:  Fees, Fees, EverywherePodcast:  Why Invest in Index Funds?
    More from us...
    Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  fireandchillpod@gmail.com

    • 50 min
    37. Creating A Runway to Retirement (Pat's Transition Plan)

    37. Creating A Runway to Retirement (Pat's Transition Plan)

    In today's episode we dive deeper into Pat's plans to transition into semi-retirement.  Hear the full story on how he's going to do it and what he's weighing up. 

    We also discuss the trade-offs between working more and retiring sooner, common concerns and fears around leaving work.  Whichever stage of the FI journey you're in, you'll get value from this one.

    Discussion points...
    Pat's FI journey to this point  (04:39)Thinking about stepping away from work  (10:13)Finding a work role suitable for semi-retirement  (14:16)Weighing up the pros and cons around this decision  (21:58)Concerns and worries around transitioning to retirement  (30:27)Other things to consider and Pat's next steps  (38:37)
    Resources and stuff mentioned...
    How we track our investments:  SharesightPodcast:  The Benefits of Semi-Retirement (And How To Do It)Podcast:  Mistakes and Traps to Avoid on the FI JourneyPodcast:  How Much Do You Need to Retire Early?
    More from us...
    Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  fireandchillpod@gmail.com

    • 49 min
    36. FIRE Away! - Listener Questions Roundup #4

    36. FIRE Away! - Listener Questions Roundup #4

    In this podcast, we open the mailbag and answer some of our favourite personal finance and investing questions that have been sent in by listeners.  Hope you enjoy!


    Discussion points...
    What do we think of Ray Dalio and the 'All-Weather Portfolio'?  (04:16)What if the sharemarket was open 24/7 every single day?  (11:39)Where should one be financially at different ages and income brackets?  (15:44)How would you treat a $100,000 windfall?  (21:00)
    Resources and stuff mentioned...
    How we track our investments:  SharesightPodcast: Our Thoughts on Bonds, Bitcoin, Gold and MorePodcast: Key Investment Principles for Long Term SuccessArticle: Timing the Market - Silly or Sensible?
    More from us...
    Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  fireandchillpod@gmail.com 

    • 31 min

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