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Hey Everyone!

This is our first monthly blog post and our 147th monthly update since we starting tracking our net wealth. I’ll be publishing once a month after our finances are updated! I hope you enjoy reading our personal monthly updates 🙂

Total Net Wealth = $886,000


We recently hit $700k outside super (and $882k including super)

It’s been a crazy last 12 months!!! We’re up nearly 30% since this time last year which I wasn’t expecting… and our passive dividend income is looking to be around $25k at the end of the fiscal year.

We’re been focusing on topping up on Mrs Moneyplants’ share portfolio over the last 12 months to distribute the income (and save some tax when we decided to have a baby and she goes part-time / time off).

We created our Instagram account which has been quite fun and exciting so far 🙂 @MrMoneyPlant for those playing at home! Instagram usually gets the content first in a short summary, but the blog is where all the detail is! 😀


  • Made $3k from hobbies
  • $9k worth of dividends this month
  • 64% savings rate
  • 2% net wealth increase this month
  • Put an offer on a house, fingers crossed
  • Moved out of our rental and in with the in-laws 🙂


For the data nerds… I’ve dived into PowerBI this month and have been creating some dashboards so I can appreciate our finances better. Our most recent monthly above!
What’s been really interesting has been the huge shift in income from interest to dividends. With interest rates so low we aren’t getting much from our online saver (house deposit money) but dividends just blow it out of the water…

I think it’s quite exciting to see that NEARLY 10% of all we have ever earnt, has been through passive income. This isn’t shown in this particular dashboard but I’m working on another one that shows the full picture, so hopefully it’ll be ready for next update 🙂

Other things of note:

  1. We’ve been aggressively trying to buy a house in the last 12 months, kicking ourselves we didn’t buy sooner but… fingers crossed as our $200k cash in the bank is doing nothing for us.
  2. Our jobs have both stabilised unfortunately, so no huge pay rises in the near future unless we jump across, which isn’t on the agenda atm.
  3. We took our private health insurance in March (just before I hit 30) so this should help reduce tax slightly, more so next year as we are hitting above $180k per year combined now. We managed to secure the cheapest plan that covers us for the medicare levy surcharge and it works out to be roughly the same compared to paying the tax so why not.

We moved out of our rental and in with the in-laws to put more into the house buying fund. We were only paying $340 a week to live 4kms away from Brisbane CBD so we aren’t saving huge $$$, but it certainly helps save for a house.

We currently have an offer on a house for $800k flat, no conditions. We have been told we aren’t the highest figure, but we’re extremely competitive with our conditions, so… hopefully we get some good news!! Eeeek.

We’ve earned nearly 1.3 million in our working lives so far (Since 2009), which averages around $50k each per year.  Remember, you don’t need to be on a crazy high income to start investing.


We have been telling more people about our finances to try to encourage discussion with our friends and family, which has been a really positive experience. We helped our friend avoid paying ~$8,000 for a financial planner to buy index funds on her behalf and instead helped her setup her own broker account with Commsec. I don’t think it came to a surprise as I think our close friends have a general idea that we live a comfortable, frugal lifestyle.  I don’t feel using comfortable and frugal in the same sentence is an oxymoron though, it simply means that when we spend, we do so efficiently.

As always, plant the seed to your financial success now, and one day it’ll bare you fruit, just don’t get discouraged when it doesn’t happen overnight. Start, and then, don’t stop.

Thanks everyone 🙂
Mr & Mrs MoneyPlant

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