Big Goals, Bold Budgets: Our spending & investing plans for 2025 | PocketSmith

Jan 30, 2025

Get ready to dive into personal finance as the hosts unveil their spending plans for 2025! They reflect on 2024 savings, revealing strategies to boost savings up to 25%. Discover effective budgeting methods to track expenses and automate financial goals. The conversation also covers insights on investment strategies, balancing dividends with capital gains, and the power of using tools like PocketSmith. Tune in for tips on improving your financial habits and achieving your dreams!

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ADVICE

Automate Your Finances

Automate your savings and investments to make it easier to reach your goals.
This takes the effort out of saving and ensures consistency.

ADVICE

Savings Rate is Key

The most important factor in building wealth is your savings rate, not stock picks or income.
Focus on maximizing your savings rate to invest more.

ANECDOTE

The Millionaire Next Door

The book "The Millionaire Next Door" reveals that millionaires prioritize frugality and saving.
They invest their savings in productive assets, not luxury goods.

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In today's episode we catch up on our budgets and spending plans for the year ahead.

Tune in to hear us unpack:

How we spent in 2024
How much of our salaries were we able to save and invest
Our financial goals for the year ahead
Where we think we can improve our spending habits
What our budgets are for 2025

This episode has been sponsored by PocketSmith. Thank you to PocketSmith for helping keep all of our content free.

If you want to check out PocketSmith for yourself and get 50% off your first two months of PocketSmith’s Foundation plan, head to: https://www.pocketsmith.com/equitymates/

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In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

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Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

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