Despite the turbalent stock market I have managed to increase my super (401k) by 9k in the last 12 months so up to 46k now. I'm going to keep contributing to it and hopefully the market keeps recovering. I'm aiming to have >60k in it 12 months from now.
solid!!
hopefully for all of us, it stays on a good course.
Currently 29 years old and planning to retire at 60. It would be cool if I was still on adarq and logging my journal in 30 years time haha.
same (early retirement)! lmfao.
i honestly want to "retire" at 50. but to me that means, pay off my house/property, have minimal bills (essentials), no debt, and just do some side stuff (like growing plants etc) to pay property taxes lmao, and growing my own food.
totally down w/ the early retirement goals.
also totally down with continuing to journal until i'm toast.
pc !
Australian property is extremely expensive but our land taxes aren't too bad as we pay stamp duty on purchase, which varies state to state but can add up to approximately 5% of the purchase price. For example, I paid about $20,000 in 2016 for stamp duty. Unless you hold multiple properties and the land value adds up to over 'x' amount you only pay council rates on property after that. My council rates are about $1700 a year but I have solar panels so I receive a rebate that nullifies the council rates throughout the year as I contribute more energy to the grid than I use.
I would also love to be in the financial position to retire at 50. Not necessarily because I want to retire at 50 but just to have a buffer in case I get made redundant at that age and it becomes difficult to secure work. Who knows what the labour market will be like in 20 years time though. Markets will go up and down, as they have been for the last 100 years but hopefully they will continue to provide a nice return over the long term.
As long as you keep this website running I'll do my best to keep active posting