Aussie FI Tool Kit
You are not alone on your personal finance journey. Aussie FI is here to help. There are an infinite amount of resources out there that can help you. From books, to calculators, to websites, guides and more, here are some of my absolute favourites.
I truly hope these help you in some way or another. If you have any other suggestions of things to be added please feel free to let me know!
All that I ask in return is that you subscribe and share the blog with your friends and family so that more people can uncover our incredible community and start their journey towards financial independence.
Compound Interest Calculator | You can find Money Smart’s compound interest calculator here. You can use this calculator to simulate your investments over the long term. Simply enter your initial investment, recurring investments, return % and years. It can be a fantastic tool to show the power of compound interest.
Mortgage Repayment Calculator | You can find Money Smart’s mortgage repayment calculator here. You can use this calculator to simulate a mortgage. Find out how much you can realistically borrow based on current interest rates and repayments.
Net Worth Calculator | You can find Money Smart’s net worth calculator here. You can use this calculator to see what your net worth is. Net worth is a great measure of wealth, it can be useful to compare your current net worth to previous net worths to determine if you are successfully building wealth.
Income Tax Calculator | You can find Money Smart’s income tax calculator here. This calculator is fantastic at highlighting how much tax you pay. Understanding how much of your income is being eroded by tax is usually the first step to minimising the tax that you pay.
Wemoney | This is a free IOS and Android application that can be used to track your spending. It syncs to your bank accounts which means you don’t have to do. anything. The first step to saving money is working out where you are currently spending it, Wemoney will help you do just this. Wemoney have loads of other features including budgeting software, net wealth overviews, credit score updates, and financial product offers. You can sign up here and get a free $5 if you use the code ‘BNTT7050’.
Shop Back | Shop Back is a free cash back platform. You can get cash back on a wide range of purchases from well a huge number of established companies. For example, at the time of writing they are offering 7% back at Amazon. This means if you purchased something for $100, Shop Back will give you $7. Shop Back offers instant savings on a wide range of purchases. You would be silly not to create a free account with them. You can create an account here in minutes. If you use Aussie FI’s code above you will get a free $10 upon creating an account.
Matched Betting | This is a risk-free side hustle that can make you more than $1000 each month. Sounds too good to be true doesn’t it? Well, its not! You can read my step-by-step guide on matched betting here. It will explain in beginner friendly terms what matched betting is and how you can get started!
Swagbucks | Swagbucks is online site where you are paid for completing different tasks in the sites own currency – Swagbucks. These can be redeemed for real cash.You can earn Swagbucks for doing small tasks like answering surveys, playing iPhone games and watching videos. It almost sounds too easy to be true, but it isn’t. You can create a free account here – it will only take a couple of minutes.
Sweatcoin | This is a free application that you can download to your phone from the app store. It syncs to your phones GPS and tracks how many steps you are taking. For every certain amount of steps that you take, you will receive a ‘Sweatcoin’. Sweatcoins can be redeemed for all kinds of different good and gift vouchers. Who would have thought you can make money by just walking! You can create a free account here
Pearler | An Australian investing platform that is designed to make investing simple. Pearler is Aussie FI’s broker of choice. With low brokerage costs, automated investing features and a general focus on long term investing, Pearler is a great place to begin your investing journey. You can check out my in depth review of Pearler here. Or simply get straight to making an account here, if you use this link you will receive a free trade credit valued at $10.
Raiz | If you are new too investing, Raiz could be perfect for you. It is a beginner friendly micro-investing platform – this means it makes it easy to get started with investing with minimal money. Raiz has some awesome features like round ups and Raiz rewards that make investing fun. You can create a free account here. If you use my link Raiz will give you $5 upon signing up.
Vanguard | Vanguard is an extremely large investment provider. They currently have over $140 Billion worth of assets under management and offer 82 different types of funds at the time of writing. You can browse their index fund’s and ETF’s here.
iShares | iShares are a large investment provider that boast to have over 400 ETF’s. You can browse iShares’s investment products here.
BrickX | You want to invest in property but don’t have a spare $500,000 sitting around? BrickX split a property into multiple bricks which you can buy and hence own part of that property. For example a property worth $600,000 may be split into 1000 bricks – each worth $600. You can then buy bricks of this property and receive a portion of the properties rental income. You can find out more here.
Swyftx | If you are looking to buy or sell cryptocurrency, Swyftx could be perfect for you. They have relatively low transaction fees and good security features. You can create a Swyftx account here.
Plenti | Plenti is a peer to peer lending site where you can both get a loan as well as invest your money. When you invest through Plenti you are essentially loaning your money to a consumer. The consumer will then pay you interest on the money loaned to them. You can find out more here.
Bluehost | If you are looking at creating your own blog, you will need to purchase hosting for your own domain name. Bluehost is one of the most reputable hosting platforms and offers hosting for extremely cheap prices making it perfect for anyone just starting out. You sign up for Bluehost here.
Canva | Every blog requires a lot of visuals. These range from photos to backgrounds to banners to Pinterest visuals. Canva is the perfect tool to help you create these visuals. I cannot explain how much time Canva has saved me over the years. You can get started with a free account here.
In the world of personal finance there is truly so much to learn. On my journey I have gained an immense amount of knowledge purely through reading books and learning from some of the worlds greatest minds. Here is a list of 20 books that will help you on your personal finance journey.
1. Rich Dad Poor Dad by Robert Kiyosaki
2. The Millionaire Next Door by Thomas J Stanley
3. The Intelligent Investor by Benjamin Graham
4. Think & Grow Rich by Napoleon Hill
5. The Barefoot Investor by Scott Pape
6. The Richest Man in Babylon by George S Clason
7. One Up On Wall St by Peter Lynch
8. The 4 Hour Work Week by Tim Ferris
9. The Little Book of Common Sense Investing by John C Bogle
10. Money: Master the Game by Tony Robbins
11. The Essays of Warren Buffet by Warren Buffet
12. Unshakeable by Tony Robbins
13. The Snowball by Warren Buffet
15. The Simple Path to Wealth by JL Collins
16. I Will Teach You to be Rich by Ramit Sethi
17. The Subtle Art of Not Giving a Fuck by Mark Manson
18. The Psychology of Money by Morgan Housel
19. A Random Walk Down Wall St by Burton Malkiel
20. Broke Millenial by Erin Lowry
RealEstate.com | If you are thinking of buying or renting a house, use realestate.com to browse thousands of different properties. The site also offers fantastic suburb insights showing things such as price growth and average rental yield.
Carsales.com | Would you ever purchase an investment knowing that it is going to drop in value by 20% as soon as you buy it and 3% a year for the next ten years? That is pretty much what a first hand car does. You can browse second hand cars at Carsales.com and save money.
AFR | The Australian Financial Review is an Australian publication where you can find all the latest news on the business, finance, investment and politics. You can browse their posts here.
Booking.com | Booking.com is a great resource where you can find amazing deals on flights, accomodation. You can browse cheap flights and accomodation for all over the world here.
Point Hacking | Points hacking involves collecting frequent flyer points or the equivalent and redeeming them for flight, accomodation and other items. The Point Hacks website has loads of guides and tips on how to earn and spend these points efficiently. You can save a lot of money on flights and accomodation through points hacking.
Bank Accounts | If you have your money sitting in a bank, be aware that it is constantly being eaten away at by inflation. Each year your money is worth less and less. One of the best ways to counter this is to put it in a bank account which pays the highest possible interest rate. You can compare different banks savings accounts through using Canstar’s free comparison tool.
Superannuation | Fees are an enormous part of selection a super fund. They eat away at balances far quicker than most people realise. What might seem like a small difference in fees can add up to significant amounts of money over the long term. You can use Canstar’s free tool to compare super funds and find which one is the best fit for you.