Getting started

I discovered the FIRE concept fairly recently, through my Barefoot Investor membership. It seems there are a few Aussie FIRE bloggers who are also Barefooters, and their comments in the community forum led me down quite the rabbit hole! The more of their sites I visit and start reading, the more FIRE bloggers I discover. One thing I do wish is that I’d known about it a hell of lot earlier in life. (Although I don’t know that I would’ve believed it was possible for me, so there is that.)

Speaking of the Barefoot Investor, I really have to thank Scott Pape for the work he’s done and the community he’s created. I’m two years into being Barefoot, and it has made a big difference already to my financial management and my thinking around money. I recently reached my first goal of having 3 months worth of expenses saved, so that was very exciting! A promotion at work has also made things a lot easier, as it has meant that I now have capacity to save money. My previous post-tax income was really only just enough to live on.

However, I guess what really got me started on properly taking control of my finances was when – having realised that when I did have money to spare, I had been spending a ridiculous amount of it on clothing (I discovered a brand that I love!) – I decided to take a ‘retail-free year’ in 2016. Essentially, this just meant that I committed to not making discretionary purchases of things that I didn’t actually need, unless something genuinely needed to be replaced. This didn’t involve only clothing; it also included household goods. It turned out to be a great way to break my spending habit! Since then, I’ve found that I no longer have much of an urge to buy things for the sake of buying – although I admit I’ve given in a few times – but boy, I’ve noticed that when I do buy something that isn’t really essential, I’m much more aware of what I’m doing. I think my reading around minimalism has probably helped with this.

3 thoughts on “Getting started

  1. I used to be a Barefooter – I still have a membership but I’m debating about whether to let it lapse. It gets to a point when it’s the same material over and over again.
    But having said that, I think his material is great for beginners to get their finances in order.

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    1. Yes, I noticed you mentioned that in one of your posts. I’ve only been in it for almost two years, but even I’m noticing the repetition. But yes, his book was exactly what I needed to get my act together, and I’ve given my niece a copy as well. I do like the ease and simplicity of his approach, and I do actually quite like the community at the Blueprint – there are some really knowledgeable people who contribute regularly.

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