Christmas and the holidays can be an expensive time of year. There are gifts, parties, travel etc. So here are some tips on how you can save some extra money for the holidays. I’ve focused on finding extra revenue sources that you can use in your spare time.
An emergency fund is money set aside in a bank account to cover unexpected expenses. Here is why you need one and how to setup an emergency fund quickly.
At some point in life we are all going to face unexpected expenses. These might include:
- Hospital Visits and emergency care
- Car repairs
- Home appliance repairs or replacements
These expenses can be in the thousands of dollars. In a worst case scenario you could be faced with both unemployment and an unexpected expense.
Micro investing is a great way for anyone – no matter their financial situation, to get started investing and saving. In this post i’m going to explain why micro investing works and the best options in Australia for getting started.
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.
Raiz is a micro-investing platform that invests your spare change in a diversified portfolio. It’s one of a growing number of investing apps targeted towards millennials. I’ve had great success with Raiz over the past couple of years. In this post I’m going to share some tips on how you can get the most out of investment with Raiz.
Spaceship Voyager is a new app that lets you invest in a broad range of companies with just $5. This isn’t the only App based investing product in Australia so how does it stack up to the competition and should you make the jump and start investing with them? Read on to find out.
Raiz is an Australian micro-investing app that invests your spare change in a diversified portfolio. I’ve been using Raiz (previously known as Acorns) for the past year and I’m going to share my results so you can get a clearer idea of what it does and whether its a good tool for you.
If you’ve been using Raiz, let me know in the comments if you’ve been having success.