Girl on FIRE

🎙 This week, we’re talking about how to save up for anything (and everything) you want, no matter what your income level is. Sinking funds are a great way to set aside money for all your life goals so that you can build the life you want without having to struggle from paycheck to paycheck or rely on debt and credit cards. But what are sinking funds, how do they work and how can you incorporate them into your financial foundation? 🤔

This episode discusses topics like:

🌟 What sinking funds are and how they work;

🌟 How sinking funds can save you from financial ruin and why they form a crucial part of your financial foundation; and

🌟 How to incorporate sinking funds into your budget and save up for anything you want.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof40

Time codes:

00:00 Hello and Welcome!

02:59 What Are Sinking Funds?

05:16 How Sinking Funds Save You From Financial Headaches

09:13 Priya’s Sinking Funds

11:09 Sponsor - FIRE and Investment Calculator Spreadsheet

12:56 How Do You Use Sinking Funds to Save Up for What You Want

17:18 Where to Keep Your Sinking Funds

19:21 Next Weeks’ Episode

Remember to:

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 This week, we’re talking about how wealth and income are different things. And having a high income doesn’t necessarily mean that you have wealth. This is a super important distinction especially on social media where we’re all vulnerable to the comparison game. But if your income doesn’t make you wealthy, then what does? 🤔

This episode discusses topics like:

🌟 The difference between wealth and income and how they interact in your financial plan;

🌟 Why high incomes are often mistaken for wealth or “being rich”; and

🌟 How the confusion between income and wealth becomes a breeding ground for comparison online.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof39

Time codes:

00:00 Hello and Welcome!

02:15 What’s the Difference Between Wealth and Income

03:59 Why Wealth and Income Get Confused

06:21 Conspicuous Consumption

07:56 The Comparison Game

10:04 Next Weeks’ Episode

Remember to:

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 This week, we’re talking about how to make a difference with your investing. Just because you’re investing to make money and build wealth, it doesn’t mean you can’t support the cause and social issues that are important to you. But how can you save the planet, support racial and gender equality while making money? 🤔

This episode discusses topics like:

🌟 What socially responsible or socially conscious investing is and how you can incorporate it into your investing strategy;

🌟 What to look for as a socially responsible investor when you’re investing in individual stocks; and

🌟 How to become a socially responsible investor overnight by investing in socially conscious ETFs.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof38

BetaShares: ERTH: https://www.betashares.com.au/learn/erth/ 

Vanguard: ESG: https://www.vanguard.com.au/personal/en/esg-approach 

Women and millennials are more likely to invest responsibly: https://www.vanguard.com.au/personal/en/esg-approach 

Time codes:

00:00 Hello and Welcome!

02:19 Socially Conscious Investing

05:08 Sponsor - FIRE and Investment Calculator Spreadsheet

07:01 How to Make a Difference With Your Investing

12:02 Next Weeks’ Episode

Remember to:

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 This week, I’m giving you a ton of food for thought. We’re talking about financial infidelity — what it is, when it happens, why it’s so bad and why A LOT of people think it’s worse than cheating. But we’re also going to take a good look at the concept of financial infidelity and discuss whether it’s really that bad. 🤔

This episode discusses topics like:

🌟 What financial infidelity is, why it’s so damaging to relationships and when it’s likely to occur;

🌟 How to combat the likelihood of falling victim to financial infidelity and what that means for your finances; and

🌟 Whether financial infidelity is really that bad and how to determine where the line is in your relationship.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof37

15 Million People Are Hiding This Secret From Their Partner: https://www.bustle.com/p/is-financial-infidelity-worse-than-physical-cheating-nearly-a-third-of-americans-think-so-survey-finds-7995032 

Time codes:

00:00 Hello and Welcome!

02:50 What Is Financial Infidelity and Why Is It So Bad?

05:08 Financial Infidelity and Relationships

06:33 What Does Financial Infidelity Mean for You?

12:30 Sponsor - FIRE and Investment Calculator Spreadsheet

14:22 Moral Dilemmas

22:19 Housekeeping Update

27:49 Next Weeks’ Episode

Remember to:

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 This episode is quite different to other episodes on this show. It’s a call to action to remind you not to waste the opportunities you get to make choices for your own life and your own future. Because that’s what Afghan women have faced in the past in the wake of Taliban control. And we’re about to watch history repeat itself from the safety of our living rooms. 🤔

This episode discusses topics like:

🌟 What life was like for women under Taliban control the last time;

🌟 How freedoms are already threatened for Afghan women and girls; and

🌟 Why it’s important to use your power to control your own life.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof36

NY Times: For Afghan Women, Taliban Stir Fears of Return to a Repressive Past: https://www.nytimes.com/2021/08/17/world/asia/afghanistan-women-taliban.html

AP News: Taliban Vow to Respect Women Despite History of Oppression: https://apnews.com/article/afghanistan-taliban-kabul-1d4b052ccef113adc8dc94f965ff23c7

Amnesty International: Afghanistan: https://www.amnesty.org/en/latest/news/2021/08/afghanistan-international-community-must-act-decisively-to-avert-further-tragedy/

Remember to:

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 In part 4, the final part of this series, we’re looking at non-financial factors that can make or break a stock market investment. When picking stocks, it’s important to consider not only the company leadership team, but also the political and economic factors where the company operates. These factors will impact the returns you can earn on your investment. 🤔

This episode discusses topics like:

🌟 Why you need to Google a company’s CEO before you buy stocks in their company;

🌟 How to determine whether a company is at risk of being outperformed by new competitors; and

🌟 Why it’s important to understand what’s going on around the planet before you start buying individual stocks.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof35

Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting

How to pick stocks to invest in (Part 1: Understanding financial statements): https://www.papermoneyco.com/gof32

How to pick stocks to invest in (Part 2: Profitability and valuation): https://www.papermoneyco.com/gof33

How to pick stocks to invest in (Part 3: Financial Security): https://www.papermoneyco.com/gof34

How to invest in ETFs: https://www.papermoneyco.com/gof17

Time codes:

00:00 Hello and Welcome!

02:03 Governance and Leadership

03:37 Industry Leadership

06:33 Sponsor - FIRE and Investment Calculator Spreadsheet

08:28 Economic and Political Factors

12:01 Next Weeks’ Episode

Remember to:

Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 In part 3 of this series, we’re looking at how to determine whether a company is solvent and liquid — meaning whether it can pay it’s bills and isn’t secretly broke. Knowing the difference will give you peace of mind that your money is invested in a safe company. But how can you determine the financial security of potential investment options? 🤔

This episode discusses topics like:

🌟 What solvent and liquid mean when you’re looking for a company to invest in;

🌟 How to determine whether or not a company can pay its’ bills and its’ debts; and

🌟 Why it’s important to assess the financial health of a company before you decide to invest in them.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof34

Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting

How to pick stocks to invest in (Part 1: Understanding financial statements): https://www.papermoneyco.com/gof32

How to pick stocks to invest in (Part 2: Profitability and valuation): https://www.papermoneyco.com/gof33

How to invest in ETFs: https://www.papermoneyco.com/gof17

Time codes:

00:00 Hello and Welcome!

02:32 Why Solvency and Liquidity Matter

05:54 Solvency Ratios

09:47 Sponsor - FIRE and Investment Calculator Spreadsheet

11:45 Liquidity Ratios

14:16 Next Weeks’ Episode

Remember to:

Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 In part 2 of this series, we’re looking at some of the key ratios you need to be aware of when you’re learning how to pick stocks. We’ll focus on some of the key profitability and valuation ratios like EPS, P/E ratio and return on equity. These help investors determine whether or not a company is a good investment choice for their investing strategy. 🤔

This episode discusses topics like:

🌟 Why looking at the profit line in company financial statements isn’t enough;

🌟 How ratios and benchmarks can change and don’t always give you the full picture; and

🌟 What key profitability and valuation ratios you need to consider when evaluating investment options.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof33

Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting

How to pick stocks to invest in (Part 1: Understanding financial statements): https://www.papermoneyco.com/gof32

Time codes:

00:00 Hello and Welcome!

02:39 Financial Statement and Analysis

05:35 Valuation Ratio

09:35 Profitability Ratios

12:53 Sponsor - FIRE and Investment Calculator Spreadsheet

14:43 Ratios Contd.

18:14 Big News and Personal Update

26:46 Next Weeks’ Episode

Remember to:

Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 Picking stocks to invest in is not an easy task. There’s a lot that goes into it and it carries more risk than a well diversified ETF. But when done correctly, picking individual stocks to invest in is a great way to boost your wealth. But how do you go about picking stocks? And why do you need to be able to understand a company’s financial statements? 🤔

This episode discusses topics like:

🌟 Why you should consider investing in individual stocks and when you’re better off investing in ETFs;

🌟 How companies report on their finances and what it means for you as an investor; and

🌟 What to look for in a company’s financial statements to help you make the best investment choices for your investing strategy.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof32

Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting

Investing in ETFs: https://www.papermoneyco.com/gof17

Stock picking cat: https://www.theguardian.com/money/2013/jan/13/investments-stock-picking

Time codes:

00:00 Hello and Welcome!

04:02 Why Should You Invest in Individual Stocks

12:28 Analysing Company Financial Statements to Pick Stocks

14:04 What Are Financial Statements and Where Do They Come From?

22:26 Understanding Financial Statements

25:29 Sponsor - FIRE and Investment Calculator Spreadsheet

27:24 What to Look for in Financial Statements

32:25 Next Weeks’ Episode

Remember to:

Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

🎙 For most of us, saving and investing for retirement is hard to do. We need to find the money in our current budget to invest for our future selves. But that’s not all. There’s a psychological reason why investing for retirement is so hard. But how can we get past it? 🤔

This episode discusses topics like:

🌟 Why DIY retirement schemes make the goal of saving $1M for retirement so much harder;

🌟 Why we’d rather spend our money now than save or invest it for retirement; and

🌟 How you can find more money in your budget and send it towards your retirement instead of spending it right now.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof31

Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting

Why investing is so important for women: https://www.papermoneyco.com/gof2

Asking your boss for a raise: https://www.papermoneyco.com/gof12

Investing in ETFs: https://www.papermoneyco.com/gof17

Time codes:

00:00 Hello and Welcome!

02:49 Do-It-Yourself Retirement

07:58 You Can’t Empathise With Your Older Self

12:36 Sponsor - FIRE and Investment Calculator Spreadsheet

14:34 How to Make Saving for Retirement Easier

21:42 Next Weeks’ Episode

Remember to:

Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast

🤩 Subscribe so you don’t miss any future episodes.

🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!

💖 I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.