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Hey Everyone!

Thanks for joining us for the 151th month as we progress from $0 to retirement. I hope you enjoy this update.

Total Net Wealth = $931,000


June was probably one of the most stressful and signifcant months in our lives. As you may have read in the May update, we brought a house at auction and during June, we had all hands on deck to prepare for settlement on the 6th July! The process itself wasn’t too bad, it’s not being in control thats the stressful part. Most of the legal parties involved made numerous mistakes and were prettttyyy lazy. I’ll actually write up another post all about our experience buying a house at auction during this covid frenzy brisbane market (When I get a little bit more time to write).


  • Had some major expenses from moving in
  • Paid 12 months of home/contents insurance
  • Now properly tracking our real  income
  • Scored my first website build as my side hobby


Fortunately, we were still living with the in-laws this whole month so that saved $340 a week in rent, although I think we spent about $500 a week buying things in preparation for the house (You’re welcome bunnings haha)

My side hustles were excellent this month. I had my very first signed contract to build a website for a client, and performed a few technical consultation jobs that should be finishing up soon so I can send through an invoice (that’s going to sit in the mortgage offset account)


I have some good news, I’m re-vamping all my data sitting behind the dashboard. @MrMoneyPlant is also on Instagram and during my interactions I noticed tonnes of really neat statistics and visuals, which got me thinking of how to more accurately reflect our financial position, so I’m going to work on making it easier to read, keeping it simple!


I was including dividends, interest and our salary as income, and using that against our total net wealth to give me what they call a ‘Lifetime Wealth’ ratio, which is essentially.. How much have you ever earned, and how much do you have to show for it… the thing that stood out to me as that we include super in our wealth, but not as part of our income, so that’s not really a true representation. While I’m sure most finfluences don’t get into as much technical detail, I really believe in being open, transparent and honest with all our figures as not to set any negative impressions or false projections.

This is how June looks. I’m trying a new way to show all our incoming and outgoing. I’m really liking this chart below, which is called a ‘sankey chart’. It sounds pretty cool, but it’s also quite powerful for showing incoming and outgoing moneys. What do you think?

I threw this together quickly so I’m about 70% sure the data is accurate. I really like it, however it’s a pain in the butt to make, so I’ll see if I can find an quick and easy way to generate it 🙂

Essentially… I’m rebuilding all the underlaying data behind the dashboard so our employers super contributions are included in our income, and it’s all pre-tax so it looks like we earnt $17k during the month, but in reality about $10k hit our account. I’ll tidy this up and improve on this for future updates!

Income = ALL money that belongs to us.

Did your employer give you some super? Income
Did you receive an end of year cash bonus? Income
Did you earn $40 from sellling an old TV unit on facebook? Income

You get the point, likewise, all money that leaves our possession is an expensive. This seems pretty obvious but when it comes to money you never ever see (like super) then it can be easy to miss that stuff so I’m going to include it.


On a personal note, I’ve been listening a lot to Simon Sinek’s optimism podcast and I think that growing your wealth and passive income not only gives you flexibility and options later in life, but it also reduces your need to compromise yourself and your beliefs for the sake of having a job. I’m noticing that I can stand by what I believe in and I’m not as afraid to say ‘No’. We have a few months in living expenses put aside so if either of us were ever to lose our jobs, the buffer doesn’t leave as stressing too much before we find work again.

What’s also really cool about being frugal is randomly helping others out. I was walking to grab my $1 coffee one morning and a men living in transition was looking pretty chilly, so I offered to grab him a coffee. He was really nice and appreciative and it costs me so little. $1 for a latte from EzyMart + $1 for me is $2, which is less then half what most people spend on a single coffee, and I got to help someone out.. I just thought this was really cool to mention that saving and being money smart doesn’t mean your a miserable tight arse, it just…gives you options, like random acts of kindness without putting any financial stress on you.

It doesn’t matter where you start in your journey, what matters is that your moving forward, one little dollar at a time…. So keep it up, you got this!

Thanks everyone 🙂
Mr & Mrs MoneyPlant

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