I’ll never make an extra contribution to my superannuation fund. Here are 3 reasons why.

For any non-Australians reading this, superannuation or “super” for short is currently the main method to save for retirement in Australia. Your employer must pay a percentage of your earnings into your super account, and your super fund invests the money until you retire.

On top of the standard amount that your employer invests, you can invest extra money to boost these savings. It is a great way to boost your net worth and generate wealth. It is an excellent concept that will ensure that Australians will be financially comfortable during their retirement and I am truly grateful it was introduced. However, I will never make extra contributions on top of what my employer provides.

Disclaimer: This is all my personal opinion and this strategy suits best for my personal circumstances. I am simply sharing my perspective rather than making a financial recommendation. Please take it with a grain of salt – I can’t stress this enough! Have a chat to your financial planner or do your own research before you make any investment decisions.

Alright, let’s get into it.

  1. Lack of control

Unlike retirement funds in other countries, withdrawing money out of super before retirement age is hard. You cannot simply do this just by accepting a financial penalty. I’m in my 20s, which means I can access my super at 60. There are exceptions to this such as financial hardship, but even that is for extenuating circumstances.

I am not comfortable with the idea that the government decides when and how I can access my own money and at what age I should be retiring. And let’s be honest, sh*t happens – medical issues pop up, your loved ones start needing care or maybe you’re burnt out from four decades of work and just want to retire now. I want to be in control of my own financial future.

2. Changing policies

Superannuation rules are not set in stone and can be changed by the government. I worry if the age that you can access these funds will be pushed back, as it is a very real possibility. Other rules such as the tax rate of super can also be increased. Since I don’t know what super rules will be like in the future, I cannot plan appropriately using these funds. For example, if the super access age is increased to 65 or even 70 instead of 60 – Grandma Money Marketer might be forced to go back to work when she is old, burnt out and just wants to retire already.

3. The employer contributions are enough

This is personal to my circumstances, but the employer contributions will be enough for me to retire on. I started part-time work at 15 and transitioned to full-time at 19. This means that my super funds will have 45 years in the investment market before I can access them. As we know, time in the market is one of the most powerful financial forces. Even with making a median salary, I should still be able to retire with a seven figure sum at the age of 60.

So, what do I do instead?

Instead of contributing to super, I instead invest my funds in my share portfolio. This way, I have the freedom to access my funds whenever and however I want. I can retire at 50 or quit my job to take care of an aging loved one – on my own terms.

The $13.95 Product that Transformed My Hair

I am someone who takes really great care of my hair.

I invest significant time, effort and money to make sure it looks great – probably something to do with being South Asian. Through this, I have tried higher-end products to see if a higher price would give me a better result. The results are in – they don’t!

The $13.95 Lush Hot Oil Treatment is still my favourite hair mask, and has been for years. They offer several different types, however I am going to discuss the range as a whole as I find the results to be quite similar. I’ve tried to deviate from this product, trying luxury hair masks such as the Aesop Rose Hair and Scalp mask, but always go back to the Lush treatments. This is due to the results that they give my hair.


I usually use this hair mask once a week, and align it with a hair wash day. I’ll cut it into three pieces so I can get three uses out of the one mask. My hair is nearing bum-level, so I would recommend people with shorter hair to cut even smaller pieces. Once I have my piece, I’ll place it in a bowl and slowly stir in boiling hot water, making a paste. I’ll then apply this warm paste to my hair, massaging it into my scalp. I’ll leave it on for 15 – 20 minutes and then wash it out.


Okay, this is where the magic happens. After using this product, my hair always looks softer, shinier and more voluminous and these results often last 1 – 2 weeks. Over time, I have noticed that applying the warm product to my scalp also has greatly improved my scalp health resulting in less irritation and itching.

After using this product religiously for years, I highly recommend it to anyone looking to give themselves a hair transformation!

5 Free Things To Do in the Brisbane CBD

I recently got back from a trip to Brisbane and was surprised that I spent $0 on attractions! Here are six places that you can visit for absolutely free.

Ruba Khan The Money Marketer

Brisbane Botanical Gardens – Not only are these stunning gardens beautiful to explore on your own, but free guided walks are also avaliable daily.

Queensland Museum – Unlike Melbourne Museum, the entry for @qldmuseum is completely free. It is really large with many exhibitions, however it was really busy with a lot of families so I made a quick exit. The Discovery Centre is a great place to take kids.

Queensland Art Gallery – Right next to the Queenland Museum, is the @qagoma. It had a mix of classical and aboriginal art with some beautiful pieces. It is quite a large gallery so allow at least an hour or so to get through it all.

Ruba Khan The Money Marketer

Brisbane City Hall – This is my favourite on the list. The @brisbanecityhall is an architectural masterpiece with many areas open to the public. Check out the auditorium room with the giant organ. Truly breathtaking.

Museum of Brisbane – If you visit the city hall, check out the @museumofbrisbane on the third floor. It is a lot smaller than the previously mentioned QLD Museum but definitely worth a visit. It was a lot less crowded which allowed me to take my time and get through it slowly which I really enjoyed.

Ruba Khan The Money Marketer

QUT Art Museum – I stumbled across @qutartmuseum while I was visiting the Botanical Gardens. #Strangeways was exhibiting by #annewallace which was definitely worth the visit!

Are you losing money by saving money?

There you are, regularly socking away 20% of your pay into a savings account. The safest, and most reliable method to generate wealth. Right? Wrong!

Money loses its value over time, due to a concept known as inflation. In Australia, our inflation rate has been pretty consistent at around 2%. This means that your money has less value and can purchase less over time. That’s why your grandparents were able to buy a home for $20,000 and why it will cost you….$1,000,000. Okay, maybe more than inflation contributed to that.

The point is, if your savings are sitting in your bank account with a measly interest rate (like many of the big 4 banks offer), then you are losing money and purchasing power every single day. Check the interest rate of your current savings account right now. Is it less than 2%? That means a change should be made to stop further deterioration of your wealth.

The good news is that there are two key ways to counteract this.

  1. Transfer your savings to a bank account that offers an interest rate that beats, or at least matches inflation. As the Australian inflation rate is 2%, this should be the same for your bank account.
  1. Invest your savings. With investing, not only will you be beating inflation but your wealth will grow substantially. However, if you need your savings within the next few years or have a very low appetite for risk – I would stick to the savings account. I’ll delve deeper into the topic of investing in the couple of months so stay tuned if you’d like to know how to get started.

3 Powerful Ways To Help Your Finances Today

Getting on top of your money is often a slow and boring slog. However, there are strategies to help your finances today.

Here are 3 things you can do today to help your finances.

1. Understand your money goals

Do you want to save for a holiday? A first home deposit? Increase your income?

Clearly outline these goals, including timelines and how you will achieve it.

According to a Harvard Business Study:

  • 83% of the population does not have goals
  • 14% have a plan in mind, but are unwritten goals
  • 3% have goals written down
  • The 14% who have goals are 10 times more successful than those without!

It sounds simple, but goal setting is a powerful mechanism to enable you to achieve what you want.

For you to actually achieve your dreams, you need to figure out what they are first!

This doesn’t just apply to finance, either. Along with money, I also set fitness, education, health and career goals every year.

2. Know how much you are spending

Monitor and track how you went the last few months. 86% of Australians don’t know their monthly expenses, and cite the key reason as difficulty.

However, you don’t need to go all out and create a budget in excel to get started. Simply, have a good look at your bank, card statements and payslips, asking yourself a few questions.

Did you save as much as you thought you would? Do you notice a trend of overspending in one category?

Make one small change in your daily life moving forward to combat this.

If you did a lot of shopping, you can try to reduce it the next month. If you spent mindlessly on delivery food, you can focus on cooking more. Here’s a handy article to help you out:

Before I started budgeting…

Before I started tracking what I spent many years ago, I had no idea how much I was actually spent on shopping.

It was mindless and I wasn’t even buying things that I absolutely loved and cherished.

Fast forward to now, I still love to shop but know how much I should spend, which helps me with prioritisation. If I don’t love it 100% – it doesn’t come home with me. You could apply the same principle with men, too.

3. Plan your big and upcoming purchases

Whether it’s an overseas vacation, Christmas presents or car registration – start planning now about how these will be paid for. Doing this will ensure you will not be in a sticky situation when these predictable events come around, and can avoid reaching for the credit card.

A way in which I personally do this, is adding the purchase and cost to my Google calendar. E.g. “Car Insurance $900“, that way I can set that amount aside from my monthly income.

And, that’s it, 3 steps to help you finances today! In one day, you can become ten times more successful than the rest of the population and be one of the 14% of Australians who actually know what their monthly spending is.

If you’d like more FREE content on how to get your finances in order, check out one of my other articles:

Who is the Money Marketer?

85% of Australian women under 35 don’t understand fundamental investment concepts*. I’d like to change that.

I’m The Money Marketer. After forcibly becoming a financial planner for those around me, I have decided to make the move to the digital space. This was motivated by my passion for finance, but also because I am not in a position to lose anymore friends to my 45 minute finance rants. I have four at best, ah the joys of being an adult.

As the title has made very clear, I currently work as a marketer in Melbourne. Although I did a minor in finance at uni, I am in no way a professional and my advice is to be a guide rather than actionable steps for your financial health.

I believe that there is a real lack of financial education in the education system which I find concerning. I’d love to use this tool as a mechanism to help educate and teach young Australians basic financial concepts, as well as sharing my stories and experience. The aim for this space is to offer ideas and discussion. For financial planning, please visit a fee-based financial planner.

That’s a little bit about me.

*EY Sweeney, Australian Financial Attitudes and Behaviour Tracker (Wave 5), March 2017