Why I’ll Never Buy a New Car – Even If I’m a Millionaire

I would never buy a brand-new car, even when I become a millionaire. Why? Most new cars purchases are horrible financial decisions – especially when you’re young with a lower income. You may be thinking “I can easily afford the repayments” or maybe even “I can afford to buy it in cash, what’s the bigContinue reading “Why I’ll Never Buy a New Car – Even If I’m a Millionaire”

There’s no time like the present: Why you should invest now.

Predicting the constant changes in the value of investments is hard. If not entirely impossible. Yet, for some reason, we all try to pretend that we know what’s going to come next. This is probably based in some irrational sub-human requirement to be the best, and the richest – in a primal attempt to comeContinue reading “There’s no time like the present: Why you should invest now.”

How Long Does It Take To Become A Millionaire?

Investing is not a get-rich-quick scheme. Investing will make you a millionaire – but it takes a lot of time. If you invested $10,000, investing $1,250 weekly – you’d become a millionaire within 10 years. But, let’s be honest. Investing that much money weekly isn’t feasible for most of us. Plus, while it would beContinue reading “How Long Does It Take To Become A Millionaire?”

5 Things To Know Before Investing

Don’t we all wish we could back in time? Here are 5 things I wish I could tell myself before I started investing! 1. Investing is easy – saving money is hard. You don’t need to be good at maths, a charting expert or some kind of finance genius. It’s pretty simple – don’t beContinue reading “5 Things To Know Before Investing”

All About Gold Investment

As a South Asian, I’ve always been a fan of gold as an investment. Why Invest In Gold? If offers excellent diversification benefits – gold is one of the few assets that which has a negative correlation with shares during market downturns. Having multiple assets with different correlations helps minimise risk in your portfolio, increasingContinue reading “All About Gold Investment”

The 3 Stages To Financial Freedom

It can be confusing to figure out where you are in your money journey. What steps should you take to start building your wealth, what should you do next? Here are three easy to steps to follow through, for fool-proof financial success. 1. Make Money This is the most straightforward step. It applies to thoseContinue reading “The 3 Stages To Financial Freedom”

5 Steps To Start Saving Money

We are currently amidst some seriously chaotic times and many of us have lost our jobs (including myself!). This loss of primary income means that saving should be prioritised rather than investing. Saving money can be hard, however with these 5 steps you will be hitting your savings goals in no time! 1. Establish aContinue reading “5 Steps To Start Saving Money”

Have I Made Any Changes To My Finances In The COVID-19 Outbreak?

We are currently experiencing a difficult and unpredictable time among the recent COVID-19/Cornona Virus outbreak. This has had substantial impacts on the economy, including the stock market facing a massive drop. I wanted to discuss my thoughts about if I will be making any changes to my investment strategy, what I will be keeping theContinue reading “Have I Made Any Changes To My Finances In The COVID-19 Outbreak?”

How Do I Actually Invest Money?

This post is for all my beginner investors. There you are – kind of interested in investing, have a bit of extra income but not sure how to actually do it. Or even what your options are. There is SO much information out there which can makes things pretty overwhelming! Let me break it downContinue reading “How Do I Actually Invest Money?”

Only 35% of women can answer these financial questions correctly

The Household, Income and Labour Dynamics in Australia (HILDA) ran a survey a couple of years ago to determine financial literacy nationwide. It found only 35 per cent of women answered all five questions correctly, compared with 50 per cent of men. I find this figure disappointing and feel that we need to work towardsContinue reading “Only 35% of women can answer these financial questions correctly”