June 19, 2024

Making Money Grow: An Investment Journey

34 minutes

Have you ever wondered where to begin with investing? In this episode, we delve into Alex' and Novella's relatable story of financial illiteracy and the turning point that led them to explore the world of investments. We'll discuss the "old school" approach of keeping money under the mattress, credit card debt struggles, and the realisation that a traditional salary might not be enough. We share our initial saving habits and a crucial missed opportunity – not putting money to work! We'll also explore the concept of financial literacy and how it can empower you to make informed decisions about your money.

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Episode Highlights

00:11:28 - 00:11:43: From "mattress money" to realising the need for a different approach.

00:12:28 - 00:12:44: Discussing the importance of financial literacy and money conversations.

00:12:50 - 00:13:44: Financial struggles: credit card debt, car finance, and lifestyle choices.

00:14:28 - 00:14:44: Financial decisions and lack of financial knowledge at the time.

00:15:26 - 00:16:26: The changing landscape of work and the need for additional income streams.

00:16:30 - 00:16:43: Importance of saving, but also acknowledging limitations when living paycheck to paycheck.

00:17:19 - 00:17:40: A turning point - a move abroad leads to a shift in money management and saving habits.

00:17:45 - 00:18:00: Saving but missing the opportunity to invest - the concept of "silly mistakes" we can all learn from.

00:18:08 - 00:18:46: Discussing the power of investing and alternative options

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By Advice with Alex and Friends