This month was a real lesson in stockmarket volatility, with the worst monthly run we have seen in a long time.
A very solid month. Selling frequent flyer points & partial repayment of a loan to a friend boosted my cash, which will pay dividends in reduced interest in future. Every $10,000 now saves me ~$400 a year, forever, which is why getting quick cash injections selling stuff on ebay, making a few quick bucks ubering, and cashing in those points is so important.
I had a lot of comments after posting about making $5,000 churning credit cards, that finding the best deals was simply too time consuming.
I’ve solved this problem by curating a list of the best deals and offers in market, and putting them in one place. Read the fine print before you apply, and consider whether the products are right for you (and whether you are eligible)
For those young enough and in the major cities, I believe this approach can dramatcally accelerate your progression towards early retirement – it has for me, and I hope it brings you some joy and challenge along the way.
Like most Australians, I don’t trust or like the big banks in this country.That’s why I’m sharing step by step the technique I used to extract over $5,000 of cash from those banks over the last 12 months.
What has been going really well is the international diversification of my share portfolio. As the AUD declines (where there is risk in the local market or better rates on offer elsewhere), the value of US & European holdings takes a big boost, which is what happened now.
This brings the year to date increase to $54,000 in assets, despite huge lifestyle expenses and around $20,000 in settlement costs on a property.
And immediately lost $14,000
In total for the month I was up $5,000 through savings & interest to $345,000 – a solid result in a month without any special income or stock appreciation, though less than I would like.
In total this month I gained $24,500!