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Get Rich Slow Club
107. Decision fatigue and how to avoid the Comparison Trap
Anyone who has spent time on TikTok, Instagram, or even Facebook will be familiar with the Comparison Trap. We log on, scroll for a while, and we find a peer who’s living a seemingly perfect life. It doesn’t make sense: the poster is your age, and earns around your wage. How can they afford to live a life of luxury when you feel like you’re struggling to get ahead?
Recently, a TikTok reel by @jen.rothwell touched on this very topic. And in this session, @tashinvests and Olivia from Her Money’s Worth use this reel as a launchpad to discuss the Comparison Trap. If social media has ever left you feeling behind the curve, this episode will give you a fresh perspective.
Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
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109. The importance of buying assets, and money EQ/IQ
58:10|At the Get Rich Slow Club, we often talk about investing and financial literacy in aspirational terms. We showcase people who have retired early after investing in shares, or built their way towards property empires. However, there’s another, deeper reality at play: sometimes, investing can make the difference between stability and disaster.Perhaps no-one better exemplifies this than Marion Mays – money EQ and IQ coach, and founder of Money Strong. Following the birth of her first child, Marion contended with a string of hurdles. These spanned from her transition to becoming a sole parent, to health and developmental issues which required her to be a full-time carer for her son for seven years.Despite these challenges, Marion managed to stay afloat thanks to the financial buffers she had built for herself. Now, Marion is committed to ensuring other historically marginalised Australians have the financial tools they need to thrive.Think of this episode as your financial disaster preparedness kit!@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.108. LICs vs ETFs
20:19|This podcast has spoken about ETFs – or exchange-traded funds – on many occasions. A kind of all-in-one investment, ETFs seek to track a particular index, commodity, sector, or basket of assets. In recent years, they’ve become popular with long-term investors who wish to diversify in one buy.Okay, ETFs – we get those. But what about LICs, or Listed Investment Companies? If you read about both, they can seem quite similar; in fact, many people refer to both LICs and ETFs as baskets of assets. In truth, though, LICs and ETFs have some marked differences. And depending on your investment goals, one may suit you in ways that the other doesn’t.Worry not, for after this episode, you’ll have a clearer idea of which is right for you!@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.106. How to pay off your mortgage early
16:54|Do you know what the word “mortgage” actually means? It was originally a French term which – quite literally – translated to “death pledge”. In other words, it was envisaged as a debt which can follow you to the grave. These days, it doesn’t even stop there – mortgages often transfer to next of kin upon a mortgagee’s death. But do mortgages really need to haunt every inch of our mortal coal, latching onto our loved ones when we leave the realm of the living?No. No they don’t. And in this episode, you can hear some strategies for prematurely snuffing that debt pledge from existence.@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.105. We spent the week with 50 people planning to retire early
31:54|The term “Financial Independence Retire Early” is bandied around a lot in the investing community. But how do you reach it? And what does it involve on a day-to-day basis? To find out, Tash and Ana spent a week with 50 FIRE-seekers from Tribe FI.In this episode, the Get Rich Slow Club co-hosts share their findings from their seven days of FI immersion. Whether you’re working towards early retirement yourself, or simply curious about the lifestyle, you won’t want to miss this.@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.104. Buying a home vs renting: which is smarter financially?
19:14|Let’s say you could travel back in time to the early ‘90s. If you were to ask a thirtysomething Boomer which decision is smarter – buying a home or renting – they’d likely laugh in your face. Sure, interest rates were higher (as older Aussies often bring up), but prices were lower compared to the average income. Like, much lower. In the face of these figures, one choice stood out as the more sensible option.But these days? It’s not so cut and dry. There are an array of factors which can influence your decision in this current climate… so many, that we won’t try to cram them into this brief description. Instead, we’ll leave it to Tash and Ana to crunch the numbers, compare the stats, and help you find your answer.Enjoy!@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.103. Olivia's investing journey
35:51|The expression “[INSERT RELATABLE PERSON] is all of us” came and went a few years ago. In this episode, though, we’d like to temporarily bring it back. For Olivia Fitzpatrick – money coach and mastermind behind @hermoneysworth – truly is ALL OF US.Join the Get Rich Slow Club as they chat with Olivia about her money journey to date. Throughout the session, Olivia shares her experiences with investing, buying a first property, leaving teaching to make more money, and navigating finances with her partner.For some listeners, the challenges that Olivia has overcome will feel all too real. For others, her insights may offer ideas for Future Financial You. Either way, there’s something for everyone!@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.102. Investing for kids – which app is the best?
18:51|Back in episode 29, we covered some of the key ways that parents or family members can invest for kids. This time, the Get Rich Slow Club is going much deeper, and comparing some of the most popular kids’ investing apps in Australia. Of course, we recognise that families take an array of different shapes. Some people may want to invest for their children (either current or future); some might have friends’ or families’ kids for whom they would like to invest; and some people don’t want or aren’t able to have kids. If children are a difficult topic for you, please feel free to skip this episode. However, should you wish to understand more about the kids’ investing options out there, this session could help.@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.101. How to teach kids about money and investing
40:10|Teaching kids about responsibility can be a challenge. Teaching adults about money can also be hard. It’s understandable, then, that many people believe that teaching kids about money is an enormous hill to climb. By contrast, we believe that talking to kids about money is a lot like long-term investing: the best time to start is today.That’s why, in this session, the Get Rich Slow Club focus on teaching kids about money and investing. For this endeavour, they’re joined by Pearler CEO and co-founder Nick Nicolaides. If you’re not sure how to approach the money conversation with a young person in your life, tune in!@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimerAny advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.