Your 20s financial habits can be incredibly powerful. Not only can you build life-long positive financial habits, but also take advantage of compounding through investing. Here are 8 tips that everyone in their 20s should know! 1. Develop a valuable skill (that makes you money!) This is one of the most important things to setContinue reading “8 Finance Tips Everyone In Their 20s Should Know in 2022”
Category Archives: Wealth Generation
What Is The Minimum Amount To Start Investing?
The minimum amount to start investing Interested in investing but not sure what the minimum amount is? Technically, the minimum amount to start investing is $500. That is the lowest amount that you can choose for a first trade on the ASX (Australian Securities Exchange). However, there are a few things to consider before youContinue reading “What Is The Minimum Amount To Start Investing?”
Can Investing Make You Rich?
Short answer, yes – it can! “Can investing make you rich?” This was one of the first questions I had when I started my financial journey. When I first started getting into investing, it was so confusing. There seemed to be people becoming millionaires from the stock market and making a full-time income out ofContinue reading “Can Investing Make You Rich?”
Why Saving Money Won’t Make You Rich
When I was a kid, I thought that in order to become wealthy, you had to save a lot of money. If you kept saving and saving, soon you would have a lot of money, right? It seems to be the safest and most reliable method to generate wealth, does it not? Unfortunately, this isn’tContinue reading “Why Saving Money Won’t Make You Rich”
Why I Don’t Reinvest My Dividends
We all love receiving dividends and the common advice in regards to dividends is to reinvest them. Why? Reinvesting these dividends allows an investor to super-charge future returns, using the power of compound interest. It’s a pretty great strategy. It is cheap, easy, flexible and increase stock market returns substantially. That being said, I actuallyContinue reading “Why I Don’t Reinvest My Dividends”
How To Buy Property Without Actually Buying Property
Recently, I was chatting to a girlfriend who mentioned that she wanted to invest in property but didn’t have the cash to do so. She wanted the returns of the Australian property market without committing herself to purchasing an entire house. However, you really don’t have to – it is still possible to get realContinue reading “How To Buy Property Without Actually Buying Property”
Why I’m Not Buying A Home (Even Though I Can Afford One)
If I told my younger self that I still didn’t own a property, she’d probably freak out. For the longest time, buying property was my number one goal. I educated myself on the nitty gritty and knew exactly what I wanted, with the means to do it. However, after a failed attempt I reassessed andContinue reading “Why I’m Not Buying A Home (Even Though I Can Afford One)”
Financial Advice From My Immigrant Parents
I’ve had a few different guests to share their advice on this blog and I have a special one for you today – my parents. Migrating twice to completely new countries with zero help, they have a unique financial outlook and perspective which I would like to share with you today. First up, my dad.Continue reading “Financial Advice From My Immigrant Parents”
Here’s What I Invest In As An Australian Finance Blogger
“What stocks do you have in your portfolio?” “What stocks are you currently buying?” As a finance blogger, I frequently get the above questions. To be honest, it’s pretty boring! I purchase Vanguard Diversified High Growth Index ETF shares every months, or VDHG for short. By percentage, it is the largest holding in my portfolioContinue reading “Here’s What I Invest In As An Australian Finance Blogger”
How To Save Without Giving Up Your Life
There seems to be a common misconception that if you want to save you need to get rid of everything fun in your life. However, that is not true! Let me teach you how to save without giving up your life. No takeaway coffees, no trips, no brunch out with friends, no shopping – itContinue reading “How To Save Without Giving Up Your Life”