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So we're moving to Portugal/Panama/Phillipines/Thailand/Vietnam then? :)

Thanks for commenting Mauricio. I barely scratched the surface on the cost of living over in Oz but have been watching a few similar cost of living videos over there in the last week and it's certainly a lot more expensive that we hear about on social media or in the MSM. Healthcare I completely forgot about apart from 2% they put in for their ACC type equivalent (versus 1.6% here). Makes me appreciate what we actually have here in NZ all the more! :)

Good afternoon esteemed subscriber with a likely good taste in delicious sausage rolls. The portfolio had/has about 21-ish companies in it so is reasonably diversified. We're still putting in $1k a fortnight into it as I want it to have $100k initial capital. As of today after investing $94k the balance is (drum roll please) .... $103,895.62 - So up almost $10k after 3 years 7 months approx. Naturally we will blow the lot on pies ;)

Sure can - you earn enough money but you just need a plan: 1). Create a budget and list all your assets and liabilities 2). Find out ways you can either cut your spending and also ways you can increase your income 3). Over time, make sure ensure you eliminate all your debt especially credit cards and loans. Stay debt free when you get there (apart from a mortgage) 4). Make sure you have an emergency fund - it doesn't have to be huge, but you need one regardless 5). Investigate investment options - target index funds/ETF's and or high interest savings accounts and invest as much as you can 6). Examine your budget and calculate your net worth monthly so you can track your progress. In a nutshell - that's what we did/are doing. Hope that helps :)

Thanks. I don't have a credit card. I had adult 2 kids overseas and 3 younger ones here in Australia. I had to provide everything for those overseas,clothes, food,house,school fees etc but i moved them to Australia 6 months ago and they are now working. That will help me a lot. They are 18 and 20 years. I was spending over $10000 a year on them when they were overseas, and now I don't.

What will be your recommendation for ETF/index funds. Should I get it from a broker or my bank Commonwealth Bank ?

I would create a spreadsheet in Excel and then find out all the possible options within Australia for purchasing them (so you can compare fees etc ...). In terms of what to choose, there's a plethora of options but I'd probably stick to the US500 or ASX200 for simplicity's sake to get a diversified selection without complicating things - If you were in NZ, then InvestNow would likely be the cheapest platform to purchase them (based on my experience) but I can't really speak for Australia :)

@ProjectFrugal ok thanks for your assistance

Better money obviously - is it more expensive, less expensive or similar to NZ from your point of view?

Thank you for your opinion. TH-cam "1 Fish 1 Scoop" or Facebook "Wellington Pie Reviews" for informed and unbiased reviews in NZ (unlike my own personal opinions) ;)

I live in Australia, but when I go to NZ the first thing I want is fish and chips, the second thing is the pies. Overdone battered fish and chips and thin crust pies where you end up burning your mouth in Australia are shit.

@@astev52 - Some recommendations if you're ever in the Wellington region: Seakraft Takeaways (Wainuiomata), Seaview Takeaways (Lyall Bay, Wellington) - both have amazing and delicious hand cut chips. "Real Meat Pies" in Lower Hutt for real meat pies! Can't speak for the rest of NZ :)

Better weather and more opportunities to earn big salaries for sure in OZ. NZ is a pretty tiny market.

Thanks - I was unaware of that.

Yes - that was a shock election. National were doing OK at the time, Labour were in deep doodoo and Bill English seemed highly capable. The New Zealand voters were swayed by some lipstick and Winston got offered a deal he couldn't refuse ...

Great job! Things certainly have gone up in price but making conscious frugal decisions certainly makes it possible. I'm not big on travel, have everything I need and nothing I want which makes frugal living so much more comfortable and easy.

Who knows - another 3 years and maybe we'll get there! :)

Thanks guys - A tiring challenge. Denise is teasing me with all the ways she's going to spend the lot at the moment ;)

hahaha, maybe just spend a little?

@@gallichantrucklifenz - I will buy her a pie. Problem solved! Edit: Sausage Roll and a Raspberry Cream Bun was the eventual prize ...

Thank you for your support throughout this journey Phil - It's been much appreciated! :)

Cracked it today - another good day to be an investor! :)

All good - I figured it out. The source I get the dividends from had changed so they're showing up now based on their ISIN number. Only problem now is I have to find that number for 200-ish instruments! :)

Awesome - not familiar with the Upper Hutt swimming spots. I grew up in Nelson and there were some good one's there as well, Denny's hole, Sunday hole and the infamous Black Hole :)

Awesome my friend - thanks for the game and the chat - very enjoyable - See you on the Cashflow battlefield!

Thank you so much for the "coffees" Geoff - I really appreciate it and not expected but thank you. Obviously it's not about the money for me, more to hopefully help others on their journeys and hopefully show what is possible. In the next release (I'm burnt out after that effort at the moment), I'll look at adding in an "inflation" type field. There is a workaround for the other major events (which is not exactly pretty), but it's to create another plan from another point in time to add in those major financial changes starting from a certain point in time. Not exactly ideal, but it is an option at this stage. I'll need some time to see how I might be able to add it in with your suggestions - no guarantees! Any future releases/versions will be utilizing the same link to the public Google Drive location and will likely be version 1.01, 1.02 etc ... I really appreciate the feedback - thank you once again :)

Are you able to send me a screenshot or have a quick video chat? Not something I've seen but may be able to fix it? Email address is on our TH-cam "About" section ...

Cheers Phil - you too. The US rate cut made a nice boost to the balance yesterday :)

Certainly did, lately I have been focusing on “income investing” in the US market, I will still keep my dividend growth companies, I think at my age the income strategy should work better for FIRE

I didn't put one in because I wanted to show the "today's" dollar amount down the track. I'll consider adding it in for the next release (which will be located at the same public folder). I did find a couple of small glitches as well which I'll fix on the next version in a couple of weeks but purely cosmetic. Thanks for the feedback :)

Hiya - We do have a small amount of US shares via Tiger Brokers. Focusing on the NZ market at the moment as I don't fully comprehend the foreign investment fund (FIF) rules for tax purposes yet. We don't buy US stocks via Sharesies due to high foreign exchange fees, general buy/sell fees where Tiger Brokers is cheaper. Also it will break my app! Once we hit $100k we'll revise our investment strategy. Thanks for commenting :)

Thanks. I think the NZ market is well overdue for a good run so looks real good for the rest of this year and 2025. Good luck in getting to 100k. They say the next 100k is a lot easier.

@@MarkSeth-w7l - Yes, the NZX has been flat since we started this portfolio. The good news is my personal portfolio is almost at the same amount as my wife's so we're going to have 2 portfolio's up to 100k (middle of next year) and then maybe have a break for a month or two and finally spend some money - Getting rich slow is just that but it will pay off ;)

Individual stock picking and only investing in NZ sharemarket which is so small - could be why you are not getting 10% returns. Why not invest in global index funds? Have you checked out The Happy Saver (Ruth who lives in the South Island). Also check out Rebel Finance School (UK based but with lots of NZ content).

After the drop from early August it's recovered already. With the OCR getting cut things are even better! The last 2 days have been magnificent!

Yes! Mortgage free and no debt. A great way to live!

Denise is getting sick today :(

Thank you! Will do!

Your wish is our command! :)

Yep - if I got it through investment income then I would spend it, and if I didn't need it I would reinvest it :)