Get Started Investing 3. Saving to invest | 12 Steps to Get Started Investing
The single most influential factor in growing your long-term wealth, is the amount you’re able to save.
Maximise your ‘savings rate’, then put that money to work by investing it and your future self will thank you.
So, how do you do that?
In this episode you will learn:
- How much money you need to start investing
- Why the most powerful factor is your savings rate
- Bryce’s approach: Rule of 3’s
- Ren’s approach: Pay yourself first
This is Part 3 of our 12 step series sharing everything we’ve learned about investing to help you get started, or to remind you of why it’s so important.
Chapters:
00:00:00 The Money Habit With the Biggest Impact
00:01:58 Investing Isn’t Just For High Earners
00:02:58 This Is the Part You Can Control
00:05:28 How We Each Stay Disciplined
00:11:30 Find the Spending That Trips You Up
00:14:50 Saving Now Equals Freedom Later
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Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered.
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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started 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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Get Started 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.
Equity Mates Media operates under Australian Financial Services Licence 540697.
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