47. What If We Had to Start From Zero Today?

In this episode, we do a thought experiment.  What if we woke up as 18 year old's and had to start our wealth-building journeys all over again?

What first steps would we take?  What would we do differently? 


Discussion points...

• Intro chat  (01:10)
• Would we study or start work immediately?  (05:32)
• Would we try to earn extra income?  (13:36)
• Buying vs renting for us starting now  (18:50)
• Our expected living expenses, savings rate and timeframe to FI  (26:02)
• Would we be more frugal than we are now?  (36:24)
• Semi-retirement or full FI?  (41:12)
• How would we invest?  (45:48)
• Would we put extra into super?  (52:32)
• What if we started at age 40 instead?  (55:20)
• What if we were single?  (1:05:46)
• Overall, would it be easier or harder?  (1:09:37)

Resources and stuff mentioned...

• How we track our investments:  Sharesight
• Low cost share investing platform:  Pearler
• History of interest rates in Australia
• Early Retirement Calculator
• DHHF & VDHG: Is One Fund All You Need?
• Why Financial Independence is Getting Easier
• The Future of Financial Independence

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  [e-mail]