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    Financial Independence Daily FI discussion thread - May 14, 2020

    Financial Independence Daily FI discussion thread - May 14, 2020


    Daily FI discussion thread - May 14, 2020

    Posted: 14 May 2020 01:06 AM PDT

    Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply!

    Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked.

    Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    After a year of tinkering, I've linked my homemade FIRE spreadsheet, tracking your entire financial position live with automatic investment optimization and budgetting

    Posted: 14 May 2020 01:28 AM PDT

    Hey everyone,

    I'm a big believer in community resources and a massive Google Sheets fan, so I'm releasing my automated Google Sheet that has helped me track my Networth and Financial situation month to month. I've found this has been great to know how I'm going in progressing towards FIRE.

    I religiously devour Personal Finance content from all kinds of sources (Articles, Books, Reddit), and I tried to build all the lessons and rules I've learned into the sheet. I've been using it for around a year now and posted it in a few smaller finance subs where it's been well received by a number of people.

    Some of the features of the Sheet:

    • Captures all parts of your financial position (Cash, Stocks, ETF's, Dividends, IRA etc.)

    • Live ETF/Stock prices for live insight into your portfolio

    • The cool stuff: Automatically optimizes when & what ETF's to buy

    • Automatically copies your entire financial position when you save your monthly progress. This is great for watching your Networth grow giving you a sense of progression month-to-month.

    • Tracks and gives you feedback on your Savings habits and monthly spend.

    • Cash Savings Targets, I've also added in a House Deposit tracker.

    • Automatic budget that feeds into your ETF purchases & automates your monthly bank transfers.

    • Keeps track of all returns from Stocks/Dividends helping you see what's working

    • Investment return breakdowns per-parcel and on a holistic level.

    • And a whole bunch of other features, give the sheet a look to see.

    The sheet only requires you to update a few values each month and automatically crunches everything else through a variety of formulas and scripts that run behind the scenes. Feel free to edit them yourself in Tools -> Script Editor. I've used this sheet myself for quite a while and it's been great to see how I'm saving. I've been using this while earning and living in Aus but I converted it to a US version after I received some interest from a few people from the US in the Australian FIRE subreddit.

    Link to the Sheet here

    If you have any feedback please let me know! I'd love to make it better for people.

    submitted by /u/CompiledSanity
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