Discover the inspiring journey to millionaire status before 30, packed with actionable strategies. Learn the importance of starting side hustles and smart cost-cutting. Delve into the value of wise investments in index funds and the humor in negotiating luxury purchases. Unpack the balance between true happiness and material wealth, and embrace a student-like approach to saving and investing. This insightful discussion will motivate you to take control of your financial future!
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insights INSIGHT
The Changing Economic Landscape
Home prices have outpaced salaries, making it harder for young people to achieve financial security through traditional means.
Working harder alone isn't enough; a different approach is necessary.
volunteer_activism ADVICE
The Personal Business Model
Think of yourself as a business with a balance sheet to improve profitability.
Increase revenue, decrease costs, and reinvest profits wisely.
volunteer_activism ADVICE
Diversify Income Streams
Increase your income by starting businesses, not just relying on a 9-to-5 job.
Explore alternative income sources to expedite wealth growth.
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The book challenges the common perception that millionaires live in affluent neighborhoods and instead shows that many wealthy individuals live modestly in middle-class and blue-collar areas. The authors identify seven common traits among these millionaires, including being dedicated to a vision, making appropriate career decisions, valuing financial security over social standing, and efficiently spending time and money. The book also distinguishes between 'Under Accumulators of Wealth' (UAWs) and 'Prodigious Accumulators of Wealth' (PAWs), emphasizing the differences in their spending and saving habits.
Your money or your life
Joseph R. Dominguez
Joe Dominguez
Vicki Robin
This book offers a holistic approach to personal finance, encouraging readers to view money as a form of 'life energy' and to align their spending with their values. It provides nine steps to help readers stop living paycheck to paycheck, get out of debt, and achieve financial independence. Key concepts include calculating net worth, evaluating the life energy spent on work, and investing wisely. The authors emphasize the importance of finding one's 'point of enough' and living a more deliberate, meaningful life[1][3][5].
This week, Sim shares her journey to becoming a millionaire by 30, revealing the practical strategies, mindset shifts, and lessons she learned along the way. From starting side hustles and cutting costs strategically to investing wisely in index funds and building businesses, Sim unpacks the actionable steps that led to her $2M+ net worth. Tune in for an honest, transparent look at financial freedom and how you can take control of your wealth-building journey!
Psst... we just launched a Youtube channel 👀 Watch the latest episode here 💖
NZ Girlies: Check out www.aera.nz/girlsthatinvest to sign up for the "First Home Fasterclass" Webinar with Sim and the Aera Team!
Thank you to our partner PensionBee, a global leader in the consumer retirement market whose mission is to build retirement confidence. With PensionBee you can combine retirement savings into a new investment account or pension plan which you can manage from the palm of your hand.Take control of your future, so that you can enjoy a happy retirement and join over 265,000 customers in the UK and US saving with PensionBee.
When investing, your capital is at risk.
We’ve rebranded from Girls That Invest to Friends That Invest—same mission, new name. Thanks for growing with us. 🌸
Friends That Invest 
