by Adam Preston | Jul 22, 2022 | Podcast
Summary
In this episode we’re not talking about money or investing but rather touching on the sustainable side of the FIRE movement. Today my guest is Anthony Broese van Groenou, a sustainability expert, environmental scientist, PhD researcher and the co-founder of the Good Car Co. This company’s goal is to accelerate the uptake of Electric Vehicles in Australia by offering second-hand EVs at an affordable price.
Some of the topics we cover are:
- Who is Anthony Broese van Groenou and what is the story behind the Good Car Co.? (03:24)
- What options are there now for Australians who want to purchase an EV? (07:11)
- What is the price range in Australia for second-hand EV’s atm? (12:44)
- One of the most exciting features of EVs in my opinion is the two-way charging capabilities. What does this mean and what are the benefits? (20:27)
- How much can an average Aussie expect to save on fuel and maintenance costs with an EV? (30:10)
- How long does an EV battery last and what is the replacement cost? (31:46)
- What about EV battery warranties – do they get passed on to the second-hand car owner? (34:54)
- Do EV’s actually lower CO2 emissions when you factor in everything it takes to actually make the car and the battery? (44:20)
Links
by Adam Preston | Jul 15, 2022 | Podcast
Summary
Today I’ve invited Terry Waugh back on the podcast to talk about a topic that’s very popular in the Aussie FIRE community. I recently published an article about how we (Mrs. Firebug & I) are Debt Recycling and have received a lot of questions from the community. Terry is one of the most knowledgeable people I know on this topic and he has kindly agreed to join me to answer as many questions as we had time for.
Some of the topics we cover are:
- What is Debt Recycling? (02:28)
- What are some of the ways you can DR and how does it work? (03:48)
- What happens if you need to sell some shares due to an unforeseen event? (21:26)
- What happens if you don’t have a lump sum to invest? Can you DR with dollar-cost averaging? (23:04)
- Are there any products on the market that make DR any easier? (26:42)
- Can you explain your tip “Repayment needs to be done once in full”? (28:30)
- Can you use a fixed loan with DR or does it have to be variable? (29:30)
- Is DR more or less effective if the interest rates were to rise? (31:27)
- Can you still claim the interest if you redraw the money to increase leverage on a marginal loan to maximise purchasing power? (33:59)
- Does the loan need to be in your name to get the total deductions? (35:37)
- What happens if you refinance? (37:40)
- What happens if you sell the PPoR later down the track? (41:07)
- What happens if you convert the PPoR to an IP later down the track? (43:59)
- Can you sell a chunk of your portfolio in order to pay down the loan, redraw it back out and then buy the exact same shares as before? (47:15)
- What happens if the income from the trust is not enough to cover the interest on the loan? (49:14)
- If your PPoR loan is P&I do you have to structure the loan agreement to the trustee as P&I as well? (51:06)
- Can you DR with a trust if both the borrower and the trustee are the same person? (52:53)
- Debt Recycling an investment property (54:03)
Links
by Adam Preston | Jul 8, 2022 | Podcast
Summary
This episode is a follow-up to my previous conversation with Vijay Boyapati about Bitcoin.
Today Mark Monfort joins me to talk about other Cryptocurrencies, Web3 and DeFi. Mark has worn many hats in his career working as an equities and macroeconomic analyst in Melbourne and London and has also spent time in sales at the ASX. Mark is a TradFi native turned DeFi convert and is passionate about building communities in Web3.
Some of the topics we cover are:
- How did Mark get involved with Crypto? (07:45)
- What is Web3? (10:00)
- Why use blockchain technology and what problem is it solving? (13:40)
- What is DeFi? (22:01)
- Bitcoin vs all the others. What is there to consider? (31:43)
- What Cryptocurrencies does Mark “invest” in? (41:54)
- Energy concerns about Cryptocurrencies (44:18)
- Proof-of-Work vs Proof-of-Stake? (53:50)
Links
by Adam Preston | Jul 1, 2022 | Podcast
Summary
Today I have Bill Perkins on the podcast who is the author of the very popular book titled “Die with Zero: Getting All You Can from Your Money and Your Life.” The book challenges a few core FIRE beliefs and has definitely had an impact on the way I’m modelling for my retirement.
Some of the topics we cover are:
- Who is Bill Perkins and what is he all about? (06:20)
- Why Bill wrote “Die with Zero” (07:42)
- The value of experiences fluctuating throughout life (12:05)
- Memory dividends (28:30)
- What about the kids? (36:26)
- What if I run out of money before I die? (43:02)
- What the FIRE movement gets wrong (55:45)
- Criticisms of the book (58:37)
Links
by Adam Preston | Apr 15, 2022 | Podcast, Popular Podcast
Summary
I have a really fun podcast for you guys today.
It’s been 5 years since she was on, but I’ve finally managed to get Mrs Firebug back on the podcast. Sometimes it’s nice just to stop, turn around and look back at how far you’ve come. I thought it would be cool to get a life update from her perspective and just a general chit chat about her experience dropping down to working only 4 days a week.
Some of the topics we cover include:
- Knowing what we know now, what would we have done differently if we could go back in time? (04:08)
- How has moving to 4 day working weeks impacted Mrs Firebug’s life? (12:26)
- Lifestyle creep – how has our lifestyle changed? (26:33)
- How have I changed over the years if at all when it comes to money? (31:06)
- How we have managed our finances as a couple (37:12)
- Will Mrs Firebug ever go back to full-time work? (41:17)
- Mrs Firebug’s tips for anyone with a partner pursuing financial independence (45:33)
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