By The Numbers
Comparison By Age
($75,726)
$3,960,000
Comparison By Occupation
$28,653
$3,135,940
Comparison By Education
($62,200)
$9,002,000
Comparison By Salary
$342,759
$17,780,000

bigchrisb's Profile

Date Joined
1/6/2014
Salary Range
250,000 +
Occupation
Architecture/Engineering
Age Range
35-39
About Me
A 35 year old engineer. I'm building my financial base, to be flexible for future lifestyle decisions, be it early retirement, part time work or starting a family. - 2017 I'm married, expecting a kid and looking reasonably established for financial independence.
Why I Joined
So I could keep track of my progress. All values I track are in Australian dollars. Some frustration about the lack of maintenance on networthIQ
Best Financial Decision
Spending much less than I earn. Diligently, but quickly paying off consumer debt. Making a self commitment to building wealth. Tracking wealth, so I can understand and manage it. Taking a long term approach and not panicking if long term assets fluctuate in the short term! Digging my way out of debt, for the sleep at night factor. Investing in stocks during global uncertainty. Investing in what you know (in my case, buying part of my employer). I've now sold that. Maintaining a low cost, buy and hold investment portfolio, with a little bit of leverage.
Worst Financial Decision
Thinking that because I was likely to have a high future income that bringing forward future consumption by debt was justified. Getting too clever with credit card balance transfers, and using them for stock purchases and funding margin loans. My timing for this wasn't too good, given market conditions over 2008! Have had two margin calls, which I've learned from.
Current Investing Strategy
Pad my liquidity until October 2017, then 3.5 years of trial drawdown while playing stay at home dad. I'd also like to have some spare capacity for the next (inevitable) financial crisis.
How do you manage your finances?
Maximise savings rate first, buy and hold for investment in growth assets. Play a little with leverage
I need financial help with...
Convincing myself that I have enough that I don't need to accumulate for accumulation's sake. .
Favorite Authors
Goals instead: Short term: Finish FY2013/4 with net worth of $1.5M. Achieved Jan 2015, seven months late. Current goal, pay off home mortgage by 2017, and have $100k net passive income at that point. Achieved November 2016. Next goal - get comfortable with drawing an income from the portfolio.
Favorite Books
5 year goal (2020). Have a paid off house and live off 2% portfolio withdrawal rate. Looks close to achieved by end 2016. Will be trialing this from late 2017.
Favorite Movies
Long term - enjoy life, shift focus to health and strong relationships.
Last Login
11/15/2017
Net Worth Entries
2017 - November $3,578,100 $500,000 $3,078,100
2017 - October $3,538,000 $500,000 $3,038,000
2017 - September $3,433,500 $500,000 $2,933,500
2017 - August $3,363,000 $500,000 $2,863,000
2017 - July $3,322,000 $500,000 $2,822,000
2017 - June $3,312,000 $500,000 $2,812,000
2017 - May $3,330,000 $500,000 $2,830,000
2017 - April $3,376,500 $500,000 $2,876,500
2017 - March $3,305,000 $500,000 $2,805,000
2017 - February $3,254,500 $531,000 $2,723,500
2017 - January $3,211,000 $531,600 $2,679,400
2016 - December $3,205,000 $533,000 $2,672,000
2016 - November $3,071,177 $533,600 $2,537,577
2016 - October $2,888,815 $1,065,300 $1,823,515
2016 - September $2,932,815 $1,101,000 $1,831,815
2016 - August $2,908,815 $1,096,800 $1,812,015
2016 - July $2,893,015 $1,085,500 $1,807,515
2016 - June $2,792,815 $1,080,255 $1,712,560
2016 - May $2,784,815 $1,041,500 $1,743,315
2016 - April $2,705,815 $1,040,000 $1,665,815
2016 - March $2,705,815 $1,040,000 $1,665,815
2016 - February $2,786,315 $1,190,000 $1,596,315
2016 - January $2,787,815 $1,192,500 $1,595,315
2015 - December $2,874,815 $1,191,500 $1,683,315
2015 - November $2,819,815 $1,138,500 $1,681,315
2015 - October $2,778,067 $1,119,000 $1,659,067
2015 - September $2,629,580 $1,118,000 $1,511,580
2015 - August $2,618,580 $1,100,000 $1,518,580
2015 - July $2,649,380 $1,042,000 $1,607,380
2015 - June $2,546,500 $1,058,000 $1,488,500
2015 - May $2,572,500 $1,036,000 $1,536,500
2015 - April $2,613,100 $1,041,000 $1,572,100
2015 - March $2,580,000 $1,050,500 $1,529,500
2015 - February $2,649,000 $1,133,900 $1,515,100
2015 - January $2,513,250 $1,078,000 $1,435,250
2014 - December $2,482,130 $1,086,000 $1,396,130
2014 - November $2,475,330 $1,116,000 $1,359,330
2014 - October $2,453,780 $1,112,000 $1,341,780
2014 - September $2,415,750 $1,116,000 $1,299,750
2014 - August $1,841,200 $500,000 $1,341,200
2014 - July $1,818,200 $500,000 $1,318,200
2014 - June $1,782,860 $500,000 $1,282,860
2014 - May $1,685,600 $400,000 $1,285,600
2014 - April $1,669,360 $400,000 $1,269,360
2014 - March $1,621,000 $400,000 $1,221,000
2014 - February $1,794,460 $591,500 $1,202,960
2014 - January $1,752,200 $584,417 $1,167,783
2013 - December $1,731,930 $579,700 $1,152,230
2013 - November $1,728,100 $575,000 $1,153,100
2013 - October $1,708,300 $568,673 $1,139,627
2013 - September $1,698,260 $611,700 $1,086,560
2013 - August $1,677,946 $605,702 $1,072,244
2013 - July $1,649,210 $614,000 $1,035,210
2013 - June $1,592,960 $617,800 $975,160
2013 - May $1,599,738 $585,905 $1,013,833
2013 - April $1,547,120 $549,805 $997,315
2013 - March $1,510,410 $541,000 $969,410
2013 - February $1,516,090 $546,937 $969,153
2013 - January $1,482,524 $548,643 $933,881
2012 - December $1,442,657 $557,225 $885,432
2012 - November $1,396,488 $553,282 $843,206
2012 - October $1,389,085 $546,500 $842,585
2012 - September $1,369,668 $542,405 $827,263
2012 - August $1,297,516 $526,260 $771,256
2012 - July $1,322,844 $575,468 $747,376
2012 - June $1,233,523 $517,922 $715,601
2012 - May $1,142,765 $460,532 $682,233
2012 - April $1,192,210 $516,599 $675,611
2012 - March $1,184,510 $523,006 $661,504
2012 - February $1,187,703 $517,050 $670,653
2012 - January $1,149,510 $491,300 $658,210
2011 - December $1,118,010 $469,000 $649,010
2011 - November $1,085,610 $454,200 $631,410
2011 - October $1,064,631 $438,323 $626,308
2011 - September $1,025,853 $424,709 $601,144
2011 - August $1,034,666 $437,470 $597,196
2011 - July $1,093,010 $452,000 $641,010
2011 - June $1,080,010 $461,000 $619,010
2011 - May $1,100,460 $473,400 $627,060
2011 - April $1,165,160 $518,500 $646,660
2011 - March $1,151,560 $524,165 $627,395
2011 - February $1,152,170 $513,017 $639,153
2011 - January $1,144,080 $516,000 $628,080
2010 - December $1,138,020 $522,847 $615,173
2010 - November $1,119,720 $537,117 $582,603
2010 - October $1,115,020 $528,900 $586,120
2010 - September $1,081,300 $500,000 $581,300
2010 - August $1,056,100 $503,000 $553,100
2010 - July $963,467 $509,500 $453,967
2010 - June $953,666 $524,500 $429,166
2010 - May $964,806 $527,800 $437,006
2010 - April $863,952 $526,000 $337,952
2010 - March $839,750 $503,400 $336,350
2010 - February $806,601 $511,903 $294,698
2010 - January $802,000 $508,000 $294,000
2009 - December $650,850 $467,700 $183,150
2009 - November $624,197 $455,000 $169,197
2009 - October $353,154 $200,000 $153,154
2009 - September $306,230 $155,000 $151,230
2009 - August $277,950 $145,870 $132,080
2009 - July $228,400 $115,970 $112,430
2009 - June $213,361 $120,501 $92,860
2009 - May $192,600 $108,000 $84,600
2009 - April $169,955 $91,765 $78,190
2009 - March $153,874 $87,700 $66,174
2009 - February $121,000 $75,300 $45,700
2009 - January $128,036 $70,000 $58,036
2008 - December $131,242 $76,400 $54,842
2008 - November $124,100 $75,000 $49,100
2008 - October $143,090 $91,400 $51,690
2008 - September $193,000 $130,300 $62,700
2008 - August $202,822 $124,800 $78,022
2008 - July $192,502 $124,250 $68,252
2008 - June $206,880 $140,500 $66,380
2008 - May $219,350 $146,000 $73,350
2008 - April $204,000 $135,500 $68,500
2008 - March $140,500 $78,400 $62,100
2008 - February $121,808 $62,612 $59,196
2008 - January $84,250 $31,200 $53,050
2007 - December $78,511 $29,825 $48,686
2007 - November $72,390 $30,150 $42,240
2007 - October $68,965 $31,775 $37,190
2007 - September $70,165 $36,880 $33,285
2007 - August $73,674 $42,850 $30,824
2007 - July $67,750 $40,000 $27,750
2007 - June $66,100 $49,735 $16,365
2006 - December $68,000 $56,868 $11,132
2006 - June $49,303 $61,650 ($12,347)
2005 - December $18,000 $38,000 ($20,000)
2005 - June $12,000 $24,000 ($12,000)
2004 - December $0 $24,000 ($24,000)
2004 - June $0 $22,740 ($22,740)
2003 - June $0 $18,338 ($18,338)