Australian Finance Podcast
Detoxing our finances, getting a better deal & 6 year's of dinner ideas [Money & Chill]
Sep 19, 2024
Kate Campbell, an author known for her insights on happiness through financial choices, joins finance expert Owen Rask and producer Monique for a lively chat. They share their adventures in detoxing finances, optimizing mortgage deals, and cleverly cutting costs on subscriptions. The trio offers budgeting tips, explores smart shopping strategies like using farm boxes, and discusses the benefits of automated investing. With humor and practical advice, they inspire listeners to take control of their financial health while balancing life's demands.
54:42
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Quick takeaways
- Diversifying investments through low-cost ETFs is crucial for managing risk and achieving long-term financial growth.
- Automated investing platforms like Perler enable consistent contributions and disciplined strategies, effectively boosting personal net worth over time.
Deep dives
The Importance of Staying Invested and Diversified
Staying invested is often more challenging than starting with investments, highlighting the critical role of diversification in wealth management. Low-cost, broad-based ETFs, such as high-interest cash ETFs and those tracking major indices, serve as foundational elements in a diversified investment strategy. These ETFs provide exposure to a range of sectors and geographic markets, thereby reducing risk while allowing for potential growth. By focusing on a core portfolio that incorporates such ETFs, investors can enhance their resilience to market fluctuations and build long-term wealth.
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