293. What's better - investing in property or ETFs to reach FIRE? With Dave Gow

Dave Gow from Strong Money Australia is back, this time for a two-part series. Part one goes right back to the start: the toxic workplace that lit the fire, the property portfolio he spent years building, and the moment he ran the numbers and realised the strategy he loved would keep him working for another decade. Ana and Dave also get into why "sacrifice" is the wrong word for any of this.

In this episode we'll discuss:

💸 What actually started it: watching blokes 20 and 30 years older stuck in a job they couldn't leave, and deciding at 19 that there had to be another way

💸 The pre-FIRE era: no Mr Money Mustache, no 4% rule, no target. Just a rule that the bank balance had to go up every week

💸 Why the property plan broke down: capital city yields so low you'd need closer to 50 times your expenses instead of 25, plus the holding costs nobody talks about

💸 The Peter Thornhill reframe that made shares click: stop buying tickers on a chart, start buying a basket of businesses that pay you their profits

💸 Running the real numbers on his property returns after deposit, stamp duty, negative cash flow, selling fees and CGT, and finding index funds would have landed him in much the same place

💸 Why falling in love with the asset instead of the reason you bought it is the trap

💸 The case for semi-retirement over full FI, and why more options usually means you don't mind working, you just want control over it

💸 Dave on the word "sacrifice": you're not giving something up, you're trading it for something you want more, and the holidays and nicer car can still come later

Nothing here is a recommendation, and Dave is upfront that property can work out better depending on the market and the timing. His actual point is smaller and more useful: be deliberate about the trade-offs you're making with your time, your energy and your money, because yours will look different to his. Part two covers what to do once you've actually built the money.

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How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

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