Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Hello from Australia
Old 08-06-2012, 07:19 PM   #1
Confused about dryer sheets
 
Join Date: Aug 2012
Posts: 8
Hello from Australia

Hi everyone,

I'm writing from southern Australia and am new to this forum. I've been a long time reader of early retirement books and websites. I am slowly convincing my partner that early retirement really is possible!

We have 2 years worth of expenses in savings, and we're always working on bringing down our monthly expenses by generally following the principles in Your Money or Your Life. Friends and family think we're tight, but we see a faint light at the end of the tunnel, while many of them have much longer tunnels!

We could pay off our house, but prefer to keep working away at the small amount remaining on our mortgage, as our job situation is a bit uncertain for now. However, we are well in front with the mortgage, and it has meant that I was able to resign from my job and take the last two years off work to complete my second degree (nearly finished!).

Once I'm back at work, my partner is planning to start winding back to part-time work. We also want to crank up our investments - in terms of dollars and knowledge. So far I have done quite a lot of reading and planning (spreadsheets galore!), but there's been no real action.

I'm not really sure when we will be able to retire. What is the best way to figure this out?

Anyway, I look forward to chatting with many of you on the forums.

Cheers
mackpal
__________________

__________________
mackpal is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-06-2012, 07:28 PM   #2
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Welcome Mack, best way to figure out where you stand is to run your #'s via Firecalc. You can use the link on the bottom of the forum page. Good Luck Mate!
__________________

__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Old 08-06-2012, 08:05 PM   #3
Thinks s/he gets paid by the post
Free To Canoe's Avatar
 
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,738
Welcome to the forum! I commend your hard work.
__________________
Free to canoe
Free To Canoe is online now   Reply With Quote
Old 08-07-2012, 04:55 PM   #4
Confused about dryer sheets
 
Join Date: Aug 2012
Posts: 8
Thanks for the welcome! I will give firecalc a go - I think I've come across it before, but not the whole site that allows you to enter options.

By the way, what are dryer sheets, and why are they confusing?

Ta
mackpal
__________________
mackpal is offline   Reply With Quote
Old 08-07-2012, 04:58 PM   #5
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,492
Quote:
Originally Posted by mackpal View Post
Thanks for the welcome! I will give firecalc a go - I think I've come across it before, but not the whole site that allows you to enter options.

By the way, what are dryer sheets, and why are they confusing?

Ta
mackpal
Hi mackpal, welcome to the forum. Dryer sheets, you ask? See here "What's the deal with the dryer sheets?!?"
__________________
MichaelB is offline   Reply With Quote
Old 08-07-2012, 06:21 PM   #6
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Welcome to the forum.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 08-08-2012, 05:13 PM   #7
Confused about dryer sheets
 
Join Date: Aug 2012
Posts: 8
Quote:
Originally Posted by MichaelB View Post
Hi mackpal, welcome to the forum. Dryer sheets, you ask? See here "What's the deal with the dryer sheets?!?"

Oh! As they say, you learn something new everyday. I did a search on "what are dryer sheets" as I'd never heard of them before and I don't have a dryer. It does sound like cutting them in half is a good idea! Thanks for the pointer to the acronyms thread.

Ta
mackpal
__________________
mackpal is offline   Reply With Quote
Old 08-08-2012, 08:07 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Welcome to you!

I've always been fascinated with Australia and hope to hear more about your early retirement plans from your situation there. We learn so much from folks in different parts of the world.

My best advice is to track your expenses then match that to your cash flow from investments, pensions and other income sources. Then there's always the issue of covering health care - not sure how that plays out in your country but it sure is a big deal for most of us here in the USA. Do check out retirement planners like firecalc on this website.

Again, welcome!
__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Old 08-08-2012, 09:31 PM   #9
Thinks s/he gets paid by the post
Nodak's Avatar
 
Join Date: Feb 2010
Location: Cavalier
Posts: 2,317
Welcome aboard.
__________________
"Don't take life so serious, son. It ain't nohow permanent." Pogo Possum (Walt Kelly)
Nodak is offline   Reply With Quote
Old 08-08-2012, 09:37 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,445
If you don't use a dryer, hence cannot use the "dryer sheet" money saving tip, we have plenty of other frugal methods to suggest. For example, an Aussie can cut in half the amount of vegemite he spreads on his sandwich.

__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 08-09-2012, 05:52 PM   #11
Confused about dryer sheets
 
Join Date: Aug 2012
Posts: 8
Quote:
Originally Posted by NW-Bound View Post
If you don't use a dryer, hence cannot use the "dryer sheet" money saving tip, we have plenty of other frugal methods to suggest. For example, an Aussie can cut in half the amount of vegemite he spreads on his sandwich.

Ha! Very good! It won't work in this vegemite-loving household, but I'll take your advice and keep looking on the forums for other ideas. Love Land from Down Under

Ta
mackpal
__________________
mackpal is offline   Reply With Quote
Old 08-19-2012, 05:53 AM   #12
Recycles dryer sheets
 
Join Date: May 2012
Posts: 357
Hey Mackpal, I'm an expat living south of Perth. You aussies have the right mindset of living life. With Super and gov't healthcare, you have a little more cushion than in the US, but I know the pensioners are having a hard time keeping up with the cost of living. I'm loving it over here - the new Visa reforms makes it harder for us over 55's to stay and I'm not sure I can handle a few more years of Masterchef...
__________________
Throwdownmyaceinthehole is offline   Reply With Quote
Old 08-20-2012, 04:45 AM   #13
Confused about dryer sheets
 
Join Date: Aug 2012
Posts: 8
Quote:
Originally Posted by Purron View Post
Welcome to you!

My best advice is to track your expenses then match that to your cash flow from investments, pensions and other income sources. Then there's always the issue of covering health care - not sure how that plays out in your country but it sure is a big deal for most of us here in the USA.
Thanks for the advice Purron. We've been tracking using the wall chart method in YMOYL and depending on my frame of mind, sometimes it movitates me, sometimes it makes retirement seem so far away! Healthcare isn't as expensive here I gather, but it is still a significant cost, especially as you get older.

Cheers
mackpal
__________________
mackpal is offline   Reply With Quote
Old 08-20-2012, 04:49 AM   #14
Confused about dryer sheets
 
Join Date: Aug 2012
Posts: 8
Quote:
Originally Posted by Throwdownmyaceinthehole View Post
Hey Mackpal, I'm an expat living south of Perth. You aussies have the right mindset of living life. With Super and gov't healthcare, you have a little more cushion than in the US, but I know the pensioners are having a hard time keeping up with the cost of living. I'm loving it over here - the new Visa reforms makes it harder for us over 55's to stay and I'm not sure I can handle a few more years of Masterchef...
Wow, you must be in one of the best places in the country! You are right, day to day expenses have been on the rise over the last few years, especially groceries. I'm glad you're enjoying it here (despite Masterchef saturation!).
__________________

__________________
mackpal is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 07:40 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.