What if you already had more money to invest... you just didn't realise it?
Jess has spent months manually analysing her spending, trying to free up more money to invest. This week, she wants to know if AI can make the process easier.
Together with a chartered accountant and financial controller, Isabelle from Mind Her Money, Jess explores how to safely use AI to better understand your spending (including actual prompts you can use), what patterns to look for and how to spot the money that's quietly slipping away without adding real value to your life.
Because the goal isn't to stop spending money.
It's to stop wasting money on the things you don't value, so you can spend more on the things you do and invest the difference.
Plus, Jess puts a \"Real Price Tag\" calculator to the test to see what one of her regular fortnightly expenses could be worth if she invested instead……… she was shocked!
Also, you can now follow Jess’s journey & learnings more closely with regular updates on Instagram at getstartedinvesting_
Chapters:
00:00:00 Can AI Find You More Money To Invest?
00:02:30 How AI Can Analyse Your Spending
00:04:54 Using Your Financial Data Safely
00:08:53 What To Ask AI About Your Spending
00:13:02 Finding Money You Will Not Miss
00:18:18 Spend More On What You Actually Value
00:21:41 When Saving Goes Too Far
00:24:18 The Real Cost Of Your Everyday Spending
00:28:09 Your AI Spending Challenge
Links mentioned in this episode:
If you’re interested in trying to use AI to analyse your spending, Isabelle and Jess have put together an ‘AI playbook’ with prompts to try yourself here.
You can also play around with Isabelle’s ‘Real Price Tag’ calculator here, once you’ve figured out where your money is going!
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Thanks to MLC for sponsoring this series and helping keep our content free.
If you’re the type of person who spends weekends comparing ETF’s, keeps an eye on crypto, and never misses an episode of Equity Mates, here’s one investment you may be overlooking – your super.
MLC knows it might not seem as exciting as picking your next investment, but thanks to tax advantages and decades of compound growth, it could end up being one of the hardest working investments you own.
See how your super could be working harder with MLC at mlc.com.au
Disclaimer: Products issued by NULIS Nominees (Australia) Ltd as trustee of MLC Super Fund. General information only. Read the PDS & TMD available at mlc.com.au and consider if it’s right for you.
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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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Get Started Investing is a product of Equity Mates Media.
This podcast is intended for education and entertainment purposes only. Any advice is general advice, and has not taken into account your personal financial circumstances. Before acting on general advice, you should consider if it is relevant to your needs. If you are unsure, please speak to a financial professional. The hosts of this podcast and their guests may have positions in the companies mentioned. Equity Mates Media is part of the Betashares group but maintains editorial independence.
Equity Mates Media operates under Australian Financial Services Licence 540697.
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