Nomad FI FOO

I’ve been a subscriber of the Money Guy Show for many years, and one of the things I respect most is their Net Savings Rate calculations and their FOO (Financial Order of Operations). I’ve created my own version to make it work for us and update it as needed.

1. Automate All Pay Yourself First contributions including Mortgage Repayments, Mortgage Offset, and Investments for Monthly Contributions

2. Update Allocations and Targets for all investments and Super accounts by JUL for the following year

3. Absorb any asset categories under 5% and reallocate as needed

4. Target NSR-to-50% as baseline

5. Set Monthly Budget by JUL for the year and reconfirm monthly and annual subscriptions and question all fees

6. Max Super SG Contribution Limit

7. Salary Sacrifice the difference with Bonus distributions by JUN

8. Make NC Contribution of 50% of KSuper SG-to-ESuper by JUN

9. Make 15K Extra Contribution to Mortgage by JUN

10. Make Spousal Super Contribution of 3K by JUL for the following year

11. Update Net Equity Report to determine contributions and growth