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The Briefing
Investing $20 a week could make you rich in 2025
Jan 5, 2025
Scott Phillips, Chief Investment Officer at Motley Fool Australia, shares his investing wisdom on building wealth. He emphasizes starting small, suggesting that investing just $20 a week could lead to significant gains by 2025. The conversation highlights smart strategies like maximizing superannuation and understanding shares and ETFs. Scott also discusses budgeting and the importance of having informed guidance from financial advisors to navigate potential pitfalls. It’s a practical guide for anyone eager to kickstart their financial journey this year.
25:21
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Quick takeaways
- Starting to invest with as little as $50 can build confidence and financial knowledge over time through gradual portfolio additions.
- Choosing a flat-fee financial advisor can help ensure effective financial planning and unbiased advice when navigating diverse investment options.
Deep dives
Starting Your Investment Journey
To begin investing effectively in 2025, the most fundamental step is to prioritize saving money. Establishing a dedicated bank account solely for investments can help create a habit of saving a portion of your paycheck for investment opportunities. With advancements in investment platforms, individuals can now start with as little as $50, allowing for the purchase of partial shares or exchange-traded funds. This gradual approach to investing not only builds confidence but also enhances financial knowledge as one progressively adds to their portfolio.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode