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Aussie Firebug

Aussie Firebug

Aussie Firebug

My name's Matt, I'm a country boy for regional Victoria who is on track to reach Financial Independence and Retire Early (FIRE) by my mid-thirties. I interview interesting people on topics relating to financial independence. You can learn more about the FIRE movement in Australia here https://www.aussiefirebug.com/start-here/
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Top 10 Aussie Firebug Episodes

Goodpods has curated a list of the 10 best Aussie Firebug episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Aussie Firebug for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Aussie Firebug episode by adding your comments to the episode page.

Aussie Firebug - 69. FinFest 2022 & Sydney FIRE Meet-up with Luke
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10/20/22 • 45 min

Today I'm joined by my high schoolmate Luke.
Luke and I attended FinFest and the Sydney FIRE meet-up over the weekend. I thought it would be fun to recap the event/meetup because we both had a blast.
Some of the topics we cover in today's episode are:

  • The FinFest event (02:51)
  • The presentations on the day (08:05)
  • Food truck lines (09:18)
  • Bumping into others from the FIRE community (15:51)
  • The FIRE meet-up (30:08)
  • Noisy venues (31:06)
  • Other content creators coming to the meet-up (33:20)

www.aussiefirebug.com/podcast

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Today I’m talking with Dr Cameron Murray. Cameron is a father of two currently living in Brisbane and holds a PhD in Economics from the University of Sydney. You may have seen Cameron in a collection of print media outlets and in TV programs such as Q&A on ABC. This is a big episode today because Cameron has such a breadth of knowledge across so many areas that affect our ability to retiree early. He has one of the most interesting and original takes on our Super system too which I think a lot of early retirees, such as myself, will be interested in hearing.

Some of the topics we cover in today’s episode are:

  • Why Australia should scrap Superannuation since the aged pension is a superior system that costs less and delivers more (00:11:20)
  • Housing policies and what changes need to be made to help affordability (00:52:46)
  • Money creation and its role in inflation (00:58:27)
  • Political corruption and what it costs Australians (01:25:52)
  • How to become a better economist (01:31:55)

Links

www.aussiefirebug.com/podcast

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Aussie Firebug - 41. Money Flamingo

41. Money Flamingo

Aussie Firebug

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09/16/21 • 57 min

Today I’m chatting with Tina from moneyflamingo.com which is an Aussie FIRE blog that focuses on a very cool concept called Flamingo FI. Tina shares her incredible journey of how she and her partner went from being broke and clueless in their early 30s to happy semi-retirees just 5 years later. I’m sure the concept and strategy of Flamingo FI will be very interesting, applicable and relatable to a lot of people out there listening.
Some of the topics in today’s episode include:

  • Where the name Money Flamingo came from. What is Flamingo FI and when did Tina come up with this concept?
  • The shock of starting her first job and the reality of a lifetime of working full-time as a lifestyle. When Tina realised that she no longer had control of her time she went searching for an alternative to the standard path.
  • When did Tina first discover the concept of financial independence and FIRE? How she almost gave up before she began and did nothing about it for 3 years.
  • What really matters on the path to financial independence? Is money really the most important part?
  • Tina’s personal story - how Tina and her partner went from broke to semi-retired in just 5 years.
  • The reality of semi-retirement and living a balanced life.
  • What is the difference between Flamingo FI & Coast FIRE?

Links

www.aussiefirebug.com/podcast

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https://www.aussiefirebug.com/what-is-retire-early-and-why-its-the-most-important-partWhy would anyone want to pull stumps at 30? Wouldn't you get bored? In today's episode, I set the record straight as to what retire early actually means in the context of FIRE and why it's more important than simply reaching financial independence!
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Aussie Firebug - New to FIRE? Start here
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03/26/19 • 26 min

If you're new to FIRE or aussiefirebug.com please start with this episode!
If you're a veteran you can probably skip this one. I unpack what FIRE is and clear up some common misconceptions. I also go into how Aussie Firebug got started and what's in store for the future!

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Aussie Firebug - Episode 12. Nick

Episode 12. Nick

Aussie Firebug

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01/31/18 • 64 min

Our guest today is 34 year old parent of 3 Nick from toowoomba queensland who describes himself as the most bland and generic person who has ever been on the podcast. Nick reached out to me just over 12 months ago detailing some of the things he was struggling with while trying to reaching financial independence. The email was very genuine and sincere and a good amount of people would struggle with the exact things Nick mentions. I spent a good hour or so responding to all his points and what I thought was a pretty decent motivational reply email. I didn't hear back from Nick until another 12 months. But I was very glad to read about all the progress he had made since sending the original email. I often interview people who are either running a business or are doing insanely well for their age. Nick come up with the idea of having himself on the show to give you guys out there some perspective from a self proclaimed average Joe.
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Aussie Firebug - 59. Terry Waugh - Debt Recycling
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07/14/22 • 58 min

Today I’ve invited Terry Waugh back on podcast to talk about a topic that’s very popular in the Aussie FIRE community. I recently published an article about how we (Mrs Firebug & I) are Debt Recycling and have received a lot of questions from the community about the details of how it all works. Terry is one of the most knowledgeable people I know on this topic and he has kindly agreed to join me to answer as many questions as we have time for.

Some of the topics we cover are:

  • What is Debt Recycling? (02:28)
  • What are some of the ways you can DR and how does it work? (03:48)
  • What happens if you need to sell some shares due to an unforeseen event? (21:26)
  • What happens if you don’t have a lump sum to invest? Can you DR with dollar-cost averaging? (23:04)
  • Are there any products on the market that make DR any easier? (26:42)
  • Can you explain your tip “Repayment needs to be done once in full”? (28:30)
  • Can you use a fixed loan with DR or does it have to be variable? (29:30)
  • Is DR more or less effective if the interest rates were to rise? (31:27)
  • Can you still claim the interest if you redraw the money to increase leverage on a marginal loan to maximise purchasing power? (33:59)
  • Does the loan need to be in your name to get the total deductions? (35:37)
  • What happens if you refinance? (37:40)
  • What happens if you sell the PPoR later down the track? (41:07)
  • What happens if you convert the PPoR to an IP later down the track? (43:59)
  • Can you sell a chunk of your portfolio in order to pay down the loan, redraw it back out and then buy the exact same shares as before? (47:15)
  • What happens if the income from the trust is not enough to cover the interest on the loan? (49:14)
  • If your PPoR loan is P&I do you have to structure the loan agreement to the trustee as P&I as well? (51:06)
  • Can you DR with a trust if both the borrower and the trustee are the same person? (52:53)
  • Debt Recycling an investment property (54:03)

Links

www.aussiefirebug.com/podcast

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Steve Ryan, a 31 year old property investor who at age 29 became the 2015 'Your Investment Property Magazine' Investor of the year. Steven has been featured on such programs as ABC's 7:30, Property Investor Magazine, Real Estate Talk and many more. His net worth is well into 7 figures and has reached financial independence but does not plan to stop working anytime soon.
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I have an interesting episode for you guys today and I think you’re really going to like it. My guest today is Scott O’Neill. Scott bought his first investment property in 2010 with a $60K deposit after saving for 5 years. Just 8 years later, Scott and his wife had 28 properties generating $300K of profit each year plus around $7Million of equity. And Scott is very adamant that he didn’t receive any financial help, gifts, inheritance, living at home rent-free until his late 20’s etc. He’s self-made and agreed for me to dive deeply into exactly how he managed to do it.

Some of the topics we talk about today are:

  • Scott’s background. What type of socioeconomic situation did he come from? (00:06:24)
  • How did Scott come to be an investor? (00:11:41)
  • The schools Scott attended and what type of career he had once he graduated from uni? (00:14:13)
  • A timeline of Scott and his wife’s salary and savings rate during those 8 years from 2010 to 2018 (00:17:15)
  • How did the banks let him and his wife load up on that much debt? Especially during the APRA crackdown in the early/mid-2010s. (00:42:04)
  • How much of their success does Scott attribute to timing and luck vs skill and hard work? (01:00:26)
  • How much he personally draws from his buyer agency business even after reaching financial independence? (01:13:39)

Links

www.aussiefirebug.com/podcast

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Aussie Firebug - 89. Terry - Wealth Time Freedom (WTF)
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01/07/24 • 75 min

Today's episode is something a bit different.
Terry, the host of the Wealth Time Freedom (WTF) podcast interviewed me a few months ago. The response was so positive from that episode that I decided to repost it on my show.
In this episode, Terry asks me about becoming a dad, my recent pivot with work and my new perspective on FIRE.
I found it to be a great conversation, and I hope you'll enjoy it too.

Links

www.aussiefirebug.com/podcast

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FAQ

How many episodes does Aussie Firebug have?

Aussie Firebug currently has 107 episodes available.

What topics does Aussie Firebug cover?

The podcast is about Entrepreneurship, Investing, Podcasts and Business.

What is the most popular episode on Aussie Firebug?

The episode title '68. Economist Dr Cameron Murray - Scrapping Super, Affordable Housing, Inflation and Political Corruption' is the most popular.

What is the average episode length on Aussie Firebug?

The average episode length on Aussie Firebug is 58 minutes.

How often are episodes of Aussie Firebug released?

Episodes of Aussie Firebug are typically released every 17 days, 5 hours.

When was the first episode of Aussie Firebug?

The first episode of Aussie Firebug was released on Mar 22, 2016.

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