Australian Finance Podcast Becoming the best financial version of yourself, tuning out the noise and getting into property with Effie Zahos
Mar 28, 2024
Financial expert Effie Zahos and Owen Rask discuss automating finances, tuning out noise, robo-advisers, Aussies' love for property, and asset allocation. Topics include saving, investing mindset, ETFs in portfolios, robo-advice benefits, property market challenges, investment tools, and 'Would You Rather Buy' game on financial choices.
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Effie's Tough Car Loan Lesson
- Effie Zahos shared her hardest saving challenge was selling her first car, a red Mazda MX-5, which she emotionally valued.
- Financing it with a loan taught her about reverse compound interest and forced disciplined saving.
Automate Savings Like Bills
- Automate your savings and investments like a monthly bill to make it pain-free and effortless.
- Treat investing as a subscription to ensure consistency and long-term discipline.
Crypto Tip from Car Salesperson
- Effie got a cryptocurrency tip from a car salesperson friend, who urged her to invest her super into Bitcoin.
- She declined, uncertain about crypto's underlying assets, showing skepticism despite enthusiasm around it.