The Savings Squad

Relying on your employer and only one source of income is actually risky.

There could be a downturn in that industry. Perhaps your employer is just bad at managing the business and hence it gets into financial trouble. Plus in a job, there is often a limit placed on what you can earn.

That’s why many people are starting side hustles – little micro businesses (that sometimes become major businesses) to provide another source of income.

How you use this extra income is up to you. Maybe you invest it for the future, use it to pay off debts or put towards a goal like a holiday.  That is what’s great about having a side hustle you have more choices.

In this episode I chat to Alisha Hannah a mum of 3 who whilst working full time started a side business. Yes I feel exhausted just typing that but Alisha is going to tell us how she manages it. She is also going to be sharing in this podcast:

* how she picked what business to start

* what she wish she knew when she first started

* advice for people thinking of starting side hustles

* her future expansion plans

When you buy from a business like Alisha’s you are supporting not only a small business but a family. So the next time you have a birthday party, teachers gifts or Secret Santa think of supporting a business like The Bliss Cartel:

* www.facebook.com/theblisscartel

* www.etsy.com/au/shop/TheBlissCartel

 

 

 

The information (including taxation) provided in this blog is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider the Product Disclosure Statement. The author, Adele Martin, is a Certified Financial Planner at Firefly Wealth which is an Authorised Representative of RI Advice Group ABN 23 001 774 125 AFSL 238429. The views expressed in the blog are solely those of the author, they are not reflective or indicative of RI licensees’ position and are not attributed to RI Advice Group. They cannot be reproduced in any form without the written consent of the author.

So once you are saving money the next question that often follows is “what should I do with it ?”

Todays episode helps to answer this by exploring your investment options.

The very knowledgeable Ali Parker joins us on this episode to discuss:

* Shares Vs Property

* How much do you need to get started in shares

* Managed Funds Vs Shares

* What is an Index Fund

* Australian vs International shares

* How to deal with a downturn in the sharemarket

* The best financial advice she has ever received

Resources we spoke about on the show:

http://adelemartin.com/super-women/

The information (including taxation) provided in this blog is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider the Product Disclosure Statement. The author, Adele Martin, is a Certified Financial Planner at Firefly Wealth which is an Authorised Representative of RI Advice Group ABN 23 001 774 125 AFSL 238429. The views expressed in the blog are solely those of the author, they are not reflective or indicative of RI licensees’ position and are not attributed to RI Advice Group. They cannot be reproduced in any form without the written consent of the author.

Its harder to teach kids about money today because:

* They rarely see physical cash; &

* How kids spend money is changing. More money is being spend online, through things like games and music, as opposed to physical products.

So in this podcast episode I talk to Mario Hasanakos one of the co-founders of Spriggy an Australian initiative designed to teach kids about money using 21st century techniques.

We will be covering:

* Why kids from age 6 should have a Visa Debit card

* When to start pocket money & how much to give 

* How to help kids set financial goals; &

* Lots more

I hope you enjoy this episode as much as I loved recording it.

The information (including taxation) provided in this blog is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider the Product Disclosure Statement. The author, Adele Martin, is a Certified Financial Planner at Firefly Wealth which is an Authorised Representative of RI Advice Group ABN 23 001 774 125 AFSL 238429. The views expressed in the blog are solely those of the author, they are not reflective or indicative of RI licensees’ position and are not attributed to RI Advice Group. They cannot be reproduced in any form without the written consent of the author.

The slowest way to get results is by yourself and the fastest way is with a coach. Which is why ever since I can remember I have always chosen to work with a coach. Whether that be tutoring at school, career advice, health, business or life.

This is our first episode so I’m going to start with interviewing my business coach and someone who has been a big influence on my business over the last 4 years –  my mentor Kerwin Rae.

We cover lots of interesting topics, including:

* what Kerwin teaches his son about money,

* mistakes Kerwin has made with money,

* how he bounced back from 2 near bankruptcies,

* money advice for people starting a business,

* Kerwin’s favourite money books : Think and Grow Rich + Rich Dad Poor Dad 

* and heaps more

I hope you enjoy this episode as much as I have.

If you want to continue your financial education then make sure you join us in The Savings Squad for our financial book club. You can join for free on the link below:

CLICK HERE TO JOIN

 

 

 

The information (including taxation) provided in this blog is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider the Product Disclosure Statement. The author, Adele Martin, is a Certified Financial Planner at Firefly Wealth which is an Authorised Representative of RI Advice Group ABN 23 001 774 125 AFSL 238429. The views expressed in the blog are solely those of the author, they are not reflective or indicative of RI licensees’ position and are not attributed to RI Advice Group. They cannot be reproduced in any form without the written consent of the author.