Save Money Using the 1 Cent Challenge

The 1 Cent Savings ChallengeThe 1 Cent Challenge is a really easy way to save money, especially if you’ve struggled saving money in the past.  If you’re looking to save for a holiday, to buy shares or just to put some money aside in an emergency fund, you should try this challenge.

How the 1 Cent Challenge Works

You start on day one by saving just 1 cent.  On day two, you save 2 cents, on day three you save 3 cents.  Got the idea?  Basically you just increase by 1 cent each day.

While it doesn’t sound like a lot to begin with, over the course of a year it will start to add up.    In fact by the end of the year, you will have saved over $670!

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The Easiest Ways to Invest in Growth Stocks

How to invest in Growth StocksLooking to grow your net worth using Growth Stocks.  Here are some of the easiest ways to invest in Growth Stocks in Australia.

What is a Growth Stock?

Simply put, a growth stock is a publicly traded company that is expected to grow more than the market.   A good example in 2020 would be Tesla.    Since the start of the year it has gained over 200%.  This is obviously an outlier.  But there are many other stocks that have grown even during the market downturn.

If you’re a young individual you probably don’t have a huge net worth.  So your goal most likely is to grow your capital.  Growth stocks are one way to achieve this.

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How to save your first $100k

Guru investor Charlie Munger once said “The first $100,000 is a bitch”.  It sure is.  When you start out investing and saving, your money will gain very little from compounding.  Most of your growth will come from putting aside money from your salary and other side income.

Once you hit $100k though, things will start to become a little easier.  For many people $100k seems completely unreachable.  But there are countless stories of people who have been dilligent with their finances and managed to overcome that barrier.  Here are some tips you can use on your journey to ammassing your first $100k.

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Spaceship vs Raiz: Which One Performed Better This Year

Spaceship vs RaizI’ve been investing using the micro-investment apps Spaceship Voyager and Raiz, so I thought I would compare Spaceship vs Raiz to see how they performed over the last financial year (2019/2020).

This has been a pretty interesting year for the markets.  At one point we were setting record highs, before everything came crashing down thanks to Coronavirus.

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Here’s a Spaceship Voyager Promo Code

spaceship voyager promoUpdate – We’ve updated the spaceship promo code for August.

I’ve been using the Spaceship Voyager app for the past few months.  It’s one of my favourite investment products.  They are currently running a promo where you get $5 free when you sign up to use the app.  It’s a great way to start your saving and investing journey.  Read on to find out how to get the bonus:

What is Spaceship Voyager

Spaceship Voyager is a new way to save and invest money. You can start investing with as little as $5 and then setup either scheduled investments of invest one off lump sums.  Your money gets invested in a diverse portfolio of stocks.  You can choose one of two portfolios – one is made up of the companies Spaceship thinks will be important in the future.  Think Apple, Tesla, Netflix etc.  The other is an index fund made up of the top 200 most popular companies.

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eToro Review: Is It worth signing up for

I’ve been using eToro for a while now.  It’s an innovative online social trading platform that is now available in Australia.  It has some pretty unique features so I thought I would give it a full etoro review for 2020.  So is eToro worth it?  Read on to find out:

What is eToro

eToro is an online trading platform.  Through eToro you can trade shares, forex, commodities (such as gold and oil) and cryptocurrencies.  What makes eToro unique is that it’s also a social trading platform.  It’s a bit like if you combined Facebook with a broker.  Traders on eToro can share their trades, and other people can copy them.

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You probably shouldn’t trade on Plus500

Plus500 is one of the most popular CFD trading platforms in Australia.  It’s definitely the one I see most advertised online.  But is it actually a good place to trade stocks and other assets?  Here are some of the reasons why I don’t think its a good fit for most people.  If you’ve been thinking about signing up to Plus500, make sure you read this first.

Read moreYou probably shouldn’t trade on Plus500

Make Money Browsing the web with Brave

Brave BrowserBrave is a relatively new web browser that aims to protect your privacy and speed up your web browsing by blocking intrusive ads.  But did you know you can also earn a share of ad revenue if you do choose to see ads on Brave?  Brave is the only browser that actually pays you to browse the web.  So read on to find out how to make money with Brave and why you shouldn’t be using Chrome anymore.

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CoinSpot Review for 2020: is it legit?

Coinspot reviewCoinSpot is a popular Australian cryptocurrency exchange.  I’ve been using it for the past few years, and wanted to put together a review on whether or not I thought it is the best option for Australian’s looking to buy Bitcoin and other cryptos.  Here is my full CoinSpot review for 2020:

What is CoinSpot

CoinSpot is a crypto exchange for buying and selling cryptocurrencies.  They are an Australian company and cater to Australian customers.  If you’re looking to buy Bitcoin in Australia, it is currently my number 1 pick.  I’ve been using them for a number of years and have found them to be a reliable place to buy crypto.

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