u/bugHunterSam

Our previous definition was 3m in usable assets including super, excluding the home. This was just a line in the sand that "felt about right". Turns it it was pretty close to the top 5% asset holders for 65+ (total net wealth of 4.8m - home equity of 2m).

So now we will use the top 5% asset holders as our definition of rich going forward.

We can now say this community is to help those top 10% earners eventually become those top 5% asset owners. Or anyone who aspires to be in any of these categories.

Link to PDF and link to article.

What does being rich mean to you?

Obviously there is more to it than a number in spreadsheet, but it's hard to instill this in the 500 character limit we have in reddit to define this community.

Been having some fun exploring blended backgrounds with oil pastels.

I kinda enjoy how messy this medium can be. Every time I open my box of oil pastels I take a nice big whiff.

Using my fingers as part of the painting process just feels fun.

I highly recommend checking out return of the godz for Sydney fringe festival if you like a good acrobatics show.

I've got this spreadsheet of the schedule that you can copy: https://docs.google.com/spreadsheets/d/1D3Ho9EBssA41F1xrMvGuBbIz4qkmepvPUMPkb9z91D0/edit?usp=drivesdk

I'm also planning on seeing:

• Radiohead uncovered - 5th September
• Interior motives - 6th September
• Bubble cabaret - 13th September
• The Red Room - 18th September
• Something wicked - 20th of September
• Rocky horror sing along - 26th September
• Adults only magic show - 3rd October

Picked up this coat, vest, pants, shoes and necklace all from the RSPCA op shop in South Yarra a few days ago.

Too bad I live in Sydney and can't wear this type of outfit for most of the year. I'm still going to love it to pieces though.

Spent some time making a spreadsheet to help navigate Sydney Fringe festival https://docs.google.com/spreadsheets/d/1D3Ho9EBssA41F1xrMvGuBbIz4qkmepvPUMPkb9z91D0/edit?usp=sharing

Feel free to make a copy.

Events I'm planning on attending are:

• return of the godz - 30th August
• Radiohead uncovered - 5th September
• Interior motives - 6th September
• The Red Room - 18th September
• Something wicked - 20th of September
• Rocky horror sing along - 26th September
• Adults only magic show - 3rd October

Last updated 12-08-2026

We are always open to feedback to our approach to modding here.

We use a three strike system here, if you have 3 comments that have been removed you may receive a ban.

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New here?

* Here is a [wealth building flowchart](https://drive.google.com/file/d/1R_P5tO8VYmfTqM7fEw5TuOeFT82JIiyS/view?usp=sharing) it's based on the [personalfinance wiki](https://www.reddit.com/r/personalfinance/wiki/commontopics/)

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* [Tax & div293](https://www.reddit.com/r/AusHENRY/comments/1fvlmwh/re_div293_62_effective_tax_rate/)

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This information use to be included in our welcome message but I don't think that feature existing anymore. So it'll now be a link in the why was my post removed pinned post.

Was testing out my camera this morning and beans (our cat) was in my room. Got this shot and I thought this community would appreciate it.

The 4% rule of thumb says if you have 25 times your living expenses saved you have over a 90% success rate of not running out of money over a 30 year retirement.

I've been able to get to a 89% success rate with a 1m portfolio in super at age 60, using a 8% withdrawal (80K) for the first 10 years (adjusted for inflation), then 5% withdrawal (50K) from age 70 with the partial age pension kicking in from 67.

This is assuming:

• Inflation of 2.5% with a standard deviation of 1.5%
• Interest rates of 5% with σ 2%
• Super is in balanced at 6.5% growth with σ 7%
• Using the Asset Test (Homeowner) for the age pension
• Spare cash is added to the interest account
• Minimum drawdowns from super
• Lump sum withdrawals from super to fund the expenses early on

It's been quite fascinating to explore.

I'm pretty close to being 30kg down since December 2024. All thanks to GLP1s. My partner and I are down 50kg between the two of us. First two photos were pre GLP1s.

I got back up to 115kg by the end of 2024, I don't feel bad about this. For me it's just a number on a scale. It's not like I wasn't exercising or watching what I was eating either. This is also after weight loss surgery from 10 years ago. My gut bacteria makes it very easy to gain weight.

I've always struggled with my weight. Here's to being the healthiest version of me I can be.

I'm still obese at 86kg. I'm hoping I can get under 80Kg by the end of the year. It's still slow going. I'll still be obese at 80kg. My partner has been able to shake the obese label but they're having an easier time than I am with the weight loss.

I've had a DEXA scan a few months ago and my muscle mass density for my height is fit, bordering athletic. Here's to all of the training. I'm excited to continue it and see if I can increase that next year.

My only fitness goal for this year is a body weight pull up and I'm getting pretty close to it. I'd also like to get a split and a handstand but I don't know when I'll achieve these ones.

It's been 3 weeks I got my first kick up to elbow stand. I'm still struggling with all of my weight on my wrists and can't hand stand yet but I've added shoulder stands so I can practice entries and balance while I build up that wrist/shoulder strength.

I've found since I added shoulder stands as an accommodation I've been progressing very well.

The next goal is to increase the box height such that I should be at my handstand height as if I was on my wrists.

I initially had the feet elevated and then I was decreasing the height of that and swapping out to smaller boxes to get my hips up higher in that initial position. Then I've been slowly increasing that jump to invert height.

I'm posting here for anyone who might find handstands challenging but would like to see an accommodation that still helps with training towards it.

These are the accommodations I've used to train my straddle inverts. 9 months of training and I finally got my first straddle invert with no accommodations yesterday.

First one is a cushion and a low hoop. Sitting on the cushion and getting the edge of the cushion close to mid back/lower back. Then slow exits.

Next accommodation is a band, it's place over the hoop and creates two u's. Wearing it like a t-shirt gives support for straddle inverts.

I started gymnastics/aerial training 9 months ago.

I exist in a larger body and that has come with it's own challenges. I'm working on improving that but today I'm so proud of all of the firsts I achieved.

This was my first shoulder stand. I tried these a few months ago and nothing was clicking. Today it clicked because this morning I was able to get my first sloppy kickup on my elbows to the wall.

I've been doing a handstand class every week for the last 9 months. I've also been doing aerial lyra twice a week, calisthenics, a bit of pilates, aerial yoga and a spot of strength training.

My only fitness goal for this year is a body weight pull up. Today I did a single pull up personal best with the counter weight set at 25kg. I'm currently 90kg. Which means if I weighed 65kg I'd have a body weight pull up.

I also got my first straddle invert on a lyra hoop. I was so pleased. I only got the one though. I have a bunch of accommodations I've been using to train for it. I'll post more about it later.

I'm 20kg down since I started all of this gymnastics training. I'm confident that the continued training and the focus on my health is going to see progress happen in leaps and bounds.

I want to try straps and tumbling eventually, they just look like so much fun.

Been going to handstand class for 8 months now. Progress is slow but I'm enjoying the training process. So happy I actually got my first one on video too.

I hope it doesn't take me another 8 months to get to a full kick up on my hands, but I'm ok if it does take that long.