Girl on FIRE
By Priya Karan
Girl on FIREJun 21, 2022
60: How To Live A Level 10 Life On Any Budget (Part 2)
🎙 In part 2 of this series, we’re talking about areas of wellness you may not have thought of and how you can take control of your wellbeing regardless of your budget. 🤔
This episode discusses topics like:
🌟 What environmental wellness is and how you can achieve it on any budget;
🌟 Ways to improve your financial wellness, especially if you’re in a relationship; and
🌟 Occupational wellness and why it’s so important to your overall mental health.
Links from this episode:
Ad Free and Longer Episodes: patreon.com/girlonfirepodcast
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
59: How To Live A Level 10 Life On Any Budget (Part 1)
🎙 In part 1 of this series, we’re talking about areas of wellness you may not have thought of and how you can take control of your wellbeing regardless of your budget. 🤔
This episode discusses topics like:
🌟 What environmental wellness is and how you can achieve it on any budget;
🌟 Ways to improve your financial wellness, especially if you’re in a relationship; and
🌟 Occupational wellness and why it’s so important to your overall mental health.
Links from this episode:
Ad Free and Longer Episodes: patreon.com/girlonfirepodcast
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
58: How Your Age Impacts Your Investing Strategy
🎙 On this episode we’re talking about how your investing strategy typically changes as you get older. Everyone’s investing strategy is different and yours depends on your unique circumstances. But investing strategies and portfolio structures generally follow a similar pattern as we age. 🤔
This episode discusses topics like:
🌟 Why your age matters when it comes to developing your investing strategy;
🌟 How your age determines how much wealth you can accumulate and how much risk you can take on; and
🌟 How your investing strategy changes as you get older.
🌟 Patron Exclusive Bonus Content: Why I have two time horizons for retirement, and how they work.
Sponsored by:
- Join me on Patreon for extended & ad-free episodes + loads of bonus content: patreon.com/girlonfirepodcast
- Athletic Greens - take ownership of your health and pick up the ultimate daily nutritional insurance at athleticgreens.com/EMERGING
- Thank you to BetterHelp for sponsoring this episode. Take charge of your mental health and get 10% off your first month of therapy at betterhelp.com/girlonfire
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
57: Are MLM’s a Money Maker or Just a Scam?
🎙 We’re talking about whether MLMs are a money maker that can boost your income or just a scam that’ll leave you broke and desperate. How do MLMs work and why are they so dangerous? 🤔
This episode discusses topics like:
🌟 What is an MLM, how do they work and why are they so popular?
🌟 What’s the difference between a legit MLM and a pyramid scheme; and
🌟 Patron Exclusive Bonus Content: how can you spot a dangerous MLM and why even a legit MLM may not be the right option for you.
Sponsored by:
- Join me on Patreon for extended & ad-free episodes + loads of bonus content: patreon.com/girlonfirepodcast
- Athletic Greens - take ownership of your health and pick up the ultimate daily nutritional insurance at athleticgreens.com/EMERGING
- Thank you to BetterHelp for sponsoring this episode. Take charge of your mental health and get 10% off your first month of therapy at betterhelp.com/girlonfire
Links from this episode:
Ad Free and Extended Episodes with Bonus Content: patreon.com/girlonfirepodcast
Understanding Multi-Level Marketing: forbes.com/advisor/investing/multi-level-marketing-mlm/
4 Reasons not to turn to an MLM for an income boost: abc.net.au/everyday/mlms-are-not-the-answer-if-you-need-money/100006992
What is an MLM?: thebalance.com/what-to-know-about-mlm-companies-5100905
Multilevel Marketing (MLM): investopedia.com/terms/m/multi-level-marketing.asp
How MLMs and Cults Use the Same Mind Control Techniques: huffpost.com/entry/multilevel-marketing-companies-mlms-cults-similarities_l_5d49f8c2e4b09e72973df3d3
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should no
56: How to FIRE When You Love Your Job
🎙 On this episode we’re talking about what FIRE really means. So many listeners get tripped up on the idea of FIRE when they’re planning on continuing to work or love their jobs. But FIRE can look different for everyone. Try this definition instead. 🤔
This episode discusses topics like:
🌟 What FIRE means and how it can mean different things for different people;
🌟 The difference between FI and RE — and why you don’t need to retire early to reach FIRE; and
🌟 Resources to help you get started on the road to FIRE.
Links from this episode:
Early Retirement Calculator: When Can I Retire?
************************************
Join me on Patreon for extended & ad-free episodes + loads of bonus content: patreon.com/girlonfirepodcast
************************************
Thank you to BetterHelp for sponsoring this episode. Take charge of your mental health and get 10% off your first month of therapy at https://betterhelp.com/girlonfire
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
55: 18 Easy Tips to Protect Yourself & Your Money From Cybercrimes
🎙 On this episode we’re talking about what you can do to protect yourself and your hard earned money from cybercrimes like phishing and identity theft. 🤔
This episode discusses topics like:
🌟 What are some common types of cybercrimes that we’re exposed to online & what do they mean;
🌟 Ways that you can keep your privacy intact while you’re online; and
🌟 How to spot a scam before you lose your money (or your identity!)
Links from this episode:
Ad Free and Longer Episodes: patreon.com/girlonfirepodcast
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
54: Asset Allocation & Rebalancing Your Portfolio
🎙 We’re getting back into some heavier finance topics and taking about asset allocation and whether or not you should rebalance your portfolio. Patrons also get an exclusive look at my asset allocation and what my portfolio is made up of. 🤔
This episode discusses topics like:
🌟 What is asset allocation and why does it matter;
🌟 How to rebalance your portfolio; and
🌟 Why you should (or shouldn’t) be rebalancing your portfolio.
Links from this episode:
Ad Free and Longer Episodes: patreon.com/girlonfirepodcast
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
53: 7 Reasons Why It’s So Hard For Women To Get Rich
🎙 We’re honouring International Women’s Day and Women’s History Month by discussing the ways that persistent inequality continues to result in a wealth gap between men and women. But what can you do to take control? 🤔
This episode discusses topics like:
🌟 How women face financial inequality at every turn, no matter how much they earn;
🌟 How to take control and reduce the inequality women face when trying to build wealth; and
🌟 What longevity risk is and how you can prevent it.
Links from this episode:
Ad Free and Longer Episodes: patreon.com/girlonfirepodcast
The She-Cession by the numbers
The gender imbalances that still exist in Australia right now
Men on high incomes to take lion’s share of Coalition's $184bn tax cuts, analyses find
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
52: 5 Ways to Practice Financial Self Care
🎙 We’re talking about ways to practice financial self care. While chocolate cake and face masks are fun self care, focusing on financial self care can help reduce money-induced stress and anxiety. And that means you’re more worry-free to enjoy the rest of your life. Patrons are also getting a few bonus tips! 🤔
This episode discusses topics like:
🌟 Why financial self care matters just as much as your physical health;
🌟 A small step you can take to practice financial self care every day; and
🌟 How to set your finances up for less stress and anxiety in 2022.
Links from this episode:
Ad Free and Longer Episodes: patreon.com/girlonfirepodcast
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
51: What Is Financial Minimalism and How To Practice It
This episode discusses topics like:
🌟 When financial minimalism can be good for your wallet but bad for your mental health;
🌟 What kind of financial minimalism I recommend and try to implement in my own life; and
🌟 How to start practicing financial minimalism, transform your finances and live a happier life.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof51
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
01:51 What Is Financial Minimalism
05:35 Ways to Practice Financial Minimalism
10:30 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
50: Are Your Favourite Finfluencers Spreading These Toxic Positivity Affirmations?
This episode discusses topics like:
🌟 What affirmations are and how they can help you achieve your goals;
🌟 Why some financial affirmations circulating the finfluencer community are examples of toxic positivity; and
🌟 The mindset shift you need to be able to reach your goals and build the life of your dreams.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof50
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
02:09 How Do Affirmations Work?
03:40 Financial Affirmations
05:03 Toxic Positivity and Financial Affirmations
13:29 Growth Mindset
15:34 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
49: What Is The ‘Paying Yourself First’ Rule and Does It Work?
This episode discusses topics like:
🌟 What ‘paying yourself first’ means and what to look out for when you try implementing this rule in your budgeting system;
🌟 How to start paying yourself first if you’ve never done it before; and
🌟 Whether paying yourself first really works.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof49
Ready to finally take control of your money and build the life of your dreams? Join Camp FIRE! Camp FIRE is the premier membership community helping you get your money under control and reach your goals for a happy and fulfilling life. With tons of masterclasses, bonus content, spreadsheets, accountability and fun, get ready to say YES to a life you love. Become a Camper now for just $4.99 a month (or get 2 months of membership for free when you pay yearly): https://www.papermoneyco.com/campfire
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
04:00 What Is the ‘Paying Yourself First’ Rule?
05:36 Does the ‘Pay Yourself First’ Rule Really Work?
06:31 How to Get Started With Paying Yourself First
08:22 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
48: Why AfterPay Is Financially Toxic
This episode discusses topics like:
🌟 The real reason why your favourite retailers are offering AfterPay and other buy now, pay later services;
🌟 Why shopping with AfterPay is like a kid throwing a tantrum; and
🌟 Why AfterPay and other buy now, pay later services are a gateway drug to total financial ruin.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof48
Ready to finally take control of your money and build the life of your dreams? Join Camp FIRE! Camp FIRE is the premier membership community helping you get your money under control and reach your goals for a happy and fulfilling life. With tons of masterclasses, bonus content, spreadsheets, accountability and fun, get ready to say YES to a life you love. Become a Camper now for just $4.99 a month (or get 2 months of membership for free when you pay yearly): https://www.papermoneyco.com/campfire
What is AfterPay?: https://www.choice.com.au/shopping/online-shopping/buying-online/articles/what-is-afterpay
ASIC Study — Buy Now, Pay Later: An Industry Update: https://asic.gov.au/media/5852803/rep672-published-16-november-2020-2.pdf
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
04:27 What Is AfterPay?
07:01 ASIC Study of Buy Now, Pay Later Industry
12:02 Sponsor - Camp FIRE
13:20 Why Is AfterPay Financially Toxic?
23:42 Is Using AfterPay Ever Okay?
25:26 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
47: Why Retail Therapy Is Keeping You Broke and How to Get It Under Control
This episode discusses topics like:
🌟 Why you turn towards retail therapy when you’re having a bad day;
🌟 When retail therapy can be damaging to your finances and your life goals; and
🌟 How to keep your spending under control (without giving it up altogether).
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof47
Ready to finally take control of your money and build the life of your dreams? Join Camp FIRE! Camp FIRE is the premier membership community helping you get your money under control and reach your goals for a happy and fulfilling life. With tons of masterclasses, bonus content, spreadsheets, accountability and fun, get ready to say YES to a life you love. Become a Camper now for just $4.99 a month (or get 2 months of membership for free when you pay yearly): https://www.papermoneyco.com/campfire
Psychology Today: Why “Retail Therapy” Works: https://www.psychologytoday.com/au/blog/the-why-behind-the-buy/201305/why-retail-therapy-works
Healthline: Retail Therapy: Bad Habit or Mood Booster?: https://www.psychologytoday.com/au/blog/the-why-behind-the-buy/201305/why-retail-therapy-works
Cleveland Clinic: Why Retail “Therapy” Makes You Feel Happier: https://health.clevelandclinic.org/retail-therapy-shopping-compulsion/
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
02:36 What Is Emotional Spending?
03:41 Does Retail Therapy Work and Is It Really That Bad?
08:10 Why Emotional Spending / Retail Therapy Can Be Dangerous to Your Finances
13:12 Sponsor - Camp FIRE
14:19 How to Spot Emotional Spending
16:53 How to Overcome Emotional Overspending
21:39 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
46: Ditched Your New Year’s Resolutions? 3 Hacks to Stay Motivated on Your Financial Journey
This episode discusses topics like:
🌟 Why most resolutions and changes you make in your life and finances don’t last more than a few weeks;
🌟 Why your personality might be holding you back from achieving your goals and living the life you want; and
🌟 How to deal with obstacles that are standing between you and your dream life.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof46
Ready to finally take control of your money and build the life of your dreams? Join Camp FIRE! Camp FIRE is the premier membership community helping you get your money under control and reach your goals for a happy and fulfilling life. With tons of masterclasses, bonus content, spreadsheets, accountability and fun, get ready to say YES to a life you love. Become a Camper now for just $4.99 a month (or get 2 months of membership for free when you pay yearly): https://www.papermoneyco.com/campfire
Psychology Today: Why Most New Year’s Resolutions Fail: https://www.psychologytoday.com/au/blog/what-mentally-strong-people-dont-do/201912/is-why-most-new-years-resolutions-fail
Gretchen Rubin’s Four Tendencies Quiz: https://quiz.gretchenrubin.com
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
03:38 There’s Nothing Magical About January 1st
04:39 Yes, Get Clear on Your “Why”, But…
09:02 1. Change Yourself Before You Change Your Life
11:35 Sponsor - Camp FIRE
12:42 2. Create an Accountability Structure to Support & Sustain You
15:06 3. Address the Barriers That Are Holding You Back
18:19 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
45: 4 Things I Learned About Money While Living in Europe for 15 Months
This episode discusses topics like:
🌟 Why travelling is better when you have more money to spend;
🌟 Why I prioritise spending money on experiences rather than material things; and
🌟 Why learning to set and enforce boundaries is more important now more than ever.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof45
Ready to finally take control of your money and build the life of your dreams? Join Camp FIRE! Camp FIRE is the premier membership community helping you get your money under control and reach your goals for a happy and fulfilling life. With tons of masterclasses, bonus content, spreadsheets, accountability and fun, get ready to say YES to a life you love. Become a Camper now for just $4.99 a month (or get 2 months of membership for free when you pay yearly): https://www.papermoneyco.com/campfire
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
04:05 1. Travelling Is Better When You Have More Money
05:22 2. Experiences Are Better Than Material Things
07:58 Sponsor - Camp FIRE
09:10 3. It’s Okay to Splurge at Times
10:40 4. There’s More to Life Than Just Earning Money to Pay the Bills
12:36 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
44: 8 Things to Set Yourself Up for Financial Success In 2022
🎙 We’re back from our end of season break and season 2 is going to be better than ever! This week, we’re kicking things off with a checklist of 8 simple things you can do right now to set yourself up for financial success in 2022. 🤔
This episode discusses topics like:
🌟 How to make sure your emergency fund is ready for the new year and any changes in your life;
🌟 How to make sure you’re budgeting for the right expenses and filling in any holes in your budget; and
🌟 How to start budgeting and planning for a life you love on a budget you can afford.
Links from this episode:
Episode transcript and show notes (all listeners can access the Deluxe Edition of Girl on FIRE transcript notes for FREE for this episode only — normally reserved exclusively for Campers): https://www.papermoneyco.com/transcript
Emergency Funds: https://www.papermoneyco.com/gof6
Goals and Sinking Funds: https://www.papermoneyco.com/gof40
Ready to finally take control of your money and build the life of your dreams? Join Camp FIRE! Camp FIRE is the premier membership community helping you get your money under control and reach your goals for a happy and fulfilling life. With tons of masterclasses, bonus content, spreadsheets, accountability and fun, get ready to say YES to a life you love. Become a Camper now for just $4.99 a month (or get 2 months of membership for free when you pay yearly): https://www.papermoneyco.com/campfire
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Time codes:
00:00 Hello and Welcome!
02:32 1. Review Emergency Fund for Updates & Inflation
05:56 2. Review Expenses for Averages That Need to Be Budgeted
10:25 3. Check Bill Tracker for Any New Bills That Need to Be Added / Cancelled
11:39 4. Organise and File Important Documents
12:33 Sponsor - Camp FIRE
13:48 5. Shop Around for Cheaper Bills
14:48 6. Set Goals for the Year Ahead
18:00 7. Set Up Sinking Funds for All Your Goals
18:54 8. Look for Better HYSA
19:45 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
43: 30 Things I’ve Learned About Life and Money (Birthday Special — Part 2)
🎙 This week, is the season finale of the first season of Girl on FIRE. And to mark the special occasion, I’m finishing off the season with part 2 of my 2-part series where I share 30 lessons about life and money I’ve learned in 30 years of roaming the planet. 🤔
This episode discusses topics like:
🌟 The #1 quote I remind myself of everyday to make sure I’m living the best life I possibly can;
🌟 What I’ve learned about work / life balance and how to really create balance in your life; and
🌟 The philosophy I live my life by.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof43
Time codes:
00:00 Hello and Welcome!
01:30 Life Lessons
02:42 16) No Amount of Money Will Buy You a Second of More Time
03:14 17) You Will Be Judged Either Way
03:28 18) You Can Always Make More Money
03:56 19) What You Allow Is What Will Continue
04:35 20) Work / Life Balance Is a Dirty Lie
05:29 21) Who Says That I Have to Work All My Life Until Retirement?
06:23 22) You Are Your Own Best Advocate
07:02 23) Have Determination and Courage
07:30 24) Your Life Is Never Out of Control, What Matters Is Who Has It
08:48 25) Nobody Gets to Tell Me What I’m Capable of or Tell Me My Worth
09:19 26) You’re Never Too Old to Love a Soft Toy
09:40 27) Blood Isn’t Thicker Than Water
10:05 28) People Come and Go, Spend Your Energy on Those Who Choose to Stay
10:49 29) Life Is Too Short, Live It for You
11:20 30) You Only Live Once, but if You Do It Right, Once Is Enough
11:40 Season Finale
Remember to:
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Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
42: 30 Things I’ve Learned About Life and Money (Birthday Special — Part 1)
🎙 This week, I’m kicking off a 2-part series to end the first season of Girl on FIRE with a bang! As I prepare to celebrate my 30th birthday, I wanted to share some lessons and wisdom I’ve learned about money in my 30 year trip around the sun. 🤔
This episode discusses topics like:
🌟 The #1 lesson I learned about money that has shaped all the decisions I’ve made in my life since then;
🌟 Lessons I’ve learned about being an independent, feminist woman and money; and
🌟 Why fighting about money with your partner is never really about money.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof42
Time codes:
00:00 Hello and Welcome!
01:14 Money Lessons
02:46 1) Money Isn’t Guaranteed to Anyone
03:43 2) Money May Not Buy Happiness but It Does Buy Everything Else
04:32 3) Always Follow the Money and See Where It Goes
05:09 4) Money Is Meant to Be Spent
05:59 5) Financial Security Is Important for a Stress Free Life
06:49 6) All Women Should Have and Control Their Own Money
07:51 7) Earn and Spend Your Own Money
08:07 8) Fighting About Money Is Really About Something Deeper
09:04 9) Just Buy the Damn Thing
09:59 10) Learning How to Save Money Is an Essential Lifelong Skill
10:25 11) There’s No Glory in the Rat Race
11:15 12) Dig Up Your Own Carrot
12:02 13) Don’t Apologise If You Out Earn Your Husband
13:23 14) Popular Rich White Men Are Not Always Right
13:52 15) Follow Your Dreams on Your Own Dime
14:57 Next Weeks’ Episode
Remember to:
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🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
41: How to Choose Which ETFs to Invest In
🎙 This week, we’re talking about how you can choose which ETFs to invest in. We’ve talked about the magic of ETFs many times on this show, but when it comes to actually investing in them, it can be hard to choose which ETFs to purchase. There are tons of options out there and it’s easy to get overwhelmed or confused, especially for beginners. So, how do you know which ETFs you should consider investing in? 🤔
This episode discusses topics like:
🌟 What costs you need to look out for when choosing ETFs and what they mean;
🌟 How to narrow down your choices based on your investing strategy and avoid a ton of overwhelm; and
🌟 How to determine which ETFs make solid investments and support your values.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof41
Time codes:
00:00 Hello and Welcome!
02:34 Your Investing Strategy
05:43 Reviewing Potential ETFs to Invest In
09:27 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
40: How to Save Money for Anything You Want on Any Income
🎙 This week, we’re talking about how to save up for anything (and everything) you want, no matter what your income level is. Sinking funds are a great way to set aside money for all your life goals so that you can build the life you want without having to struggle from paycheck to paycheck or rely on debt and credit cards. But what are sinking funds, how do they work and how can you incorporate them into your financial foundation? 🤔
This episode discusses topics like:
🌟 What sinking funds are and how they work;
🌟 How sinking funds can save you from financial ruin and why they form a crucial part of your financial foundation; and
🌟 How to incorporate sinking funds into your budget and save up for anything you want.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof40
Time codes:
00:00 Hello and Welcome!
02:59 What Are Sinking Funds?
05:16 How Sinking Funds Save You From Financial Headaches
09:13 Priya’s Sinking Funds
11:09 Sponsor - FIRE and Investment Calculator Spreadsheet
12:56 How Do You Use Sinking Funds to Save Up for What You Want
17:18 Where to Keep Your Sinking Funds
19:21 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
39: How Wealthy People Can Still Be Broke
🎙 This week, we’re talking about how wealth and income are different things. And having a high income doesn’t necessarily mean that you have wealth. This is a super important distinction especially on social media where we’re all vulnerable to the comparison game. But if your income doesn’t make you wealthy, then what does? 🤔
This episode discusses topics like:
🌟 The difference between wealth and income and how they interact in your financial plan;
🌟 Why high incomes are often mistaken for wealth or “being rich”; and
🌟 How the confusion between income and wealth becomes a breeding ground for comparison online.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof39
Time codes:
00:00 Hello and Welcome!
02:15 What’s the Difference Between Wealth and Income
03:59 Why Wealth and Income Get Confused
06:21 Conspicuous Consumption
07:56 The Comparison Game
10:04 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
38: How to Be a Socially Responsible Investor
🎙 This week, we’re talking about how to make a difference with your investing. Just because you’re investing to make money and build wealth, it doesn’t mean you can’t support the cause and social issues that are important to you. But how can you save the planet, support racial and gender equality while making money? 🤔
This episode discusses topics like:
🌟 What socially responsible or socially conscious investing is and how you can incorporate it into your investing strategy;
🌟 What to look for as a socially responsible investor when you’re investing in individual stocks; and
🌟 How to become a socially responsible investor overnight by investing in socially conscious ETFs.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof38
BetaShares: ERTH: https://www.betashares.com.au/learn/erth/
Vanguard: ESG: https://www.vanguard.com.au/personal/en/esg-approach
Women and millennials are more likely to invest responsibly: https://www.vanguard.com.au/personal/en/esg-approach
Time codes:
00:00 Hello and Welcome!
02:19 Socially Conscious Investing
05:08 Sponsor - FIRE and Investment Calculator Spreadsheet
07:01 How to Make a Difference With Your Investing
12:02 Next Weeks’ Episode
Remember to:
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🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
37: Is Financial Infidelity Really as Bad as It Sounds?
🎙 This week, I’m giving you a ton of food for thought. We’re talking about financial infidelity — what it is, when it happens, why it’s so bad and why A LOT of people think it’s worse than cheating. But we’re also going to take a good look at the concept of financial infidelity and discuss whether it’s really that bad. 🤔
This episode discusses topics like:
🌟 What financial infidelity is, why it’s so damaging to relationships and when it’s likely to occur;
🌟 How to combat the likelihood of falling victim to financial infidelity and what that means for your finances; and
🌟 Whether financial infidelity is really that bad and how to determine where the line is in your relationship.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof37
15 Million People Are Hiding This Secret From Their Partner: https://www.bustle.com/p/is-financial-infidelity-worse-than-physical-cheating-nearly-a-third-of-americans-think-so-survey-finds-7995032
Time codes:
00:00 Hello and Welcome!
02:50 What Is Financial Infidelity and Why Is It So Bad?
05:08 Financial Infidelity and Relationships
06:33 What Does Financial Infidelity Mean for You?
12:30 Sponsor - FIRE and Investment Calculator Spreadsheet
14:22 Moral Dilemmas
22:19 Housekeeping Update
27:49 Next Weeks’ Episode
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
36: The Choices We Make and the Chances We Get
🎙 This episode is quite different to other episodes on this show. It’s a call to action to remind you not to waste the opportunities you get to make choices for your own life and your own future. Because that’s what Afghan women have faced in the past in the wake of Taliban control. And we’re about to watch history repeat itself from the safety of our living rooms. 🤔
This episode discusses topics like:
🌟 What life was like for women under Taliban control the last time;
🌟 How freedoms are already threatened for Afghan women and girls; and
🌟 Why it’s important to use your power to control your own life.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof36
NY Times: For Afghan Women, Taliban Stir Fears of Return to a Repressive Past: https://www.nytimes.com/2021/08/17/world/asia/afghanistan-women-taliban.html
AP News: Taliban Vow to Respect Women Despite History of Oppression: https://apnews.com/article/afghanistan-taliban-kabul-1d4b052ccef113adc8dc94f965ff23c7
Amnesty International: Afghanistan: https://www.amnesty.org/en/latest/news/2021/08/afghanistan-international-community-must-act-decisively-to-avert-further-tragedy/
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
35: How to Pick Stocks to Invest in (Part 4: Non-Financial Factors)
🎙 In part 4, the final part of this series, we’re looking at non-financial factors that can make or break a stock market investment. When picking stocks, it’s important to consider not only the company leadership team, but also the political and economic factors where the company operates. These factors will impact the returns you can earn on your investment. 🤔
This episode discusses topics like:
🌟 Why you need to Google a company’s CEO before you buy stocks in their company;
🌟 How to determine whether a company is at risk of being outperformed by new competitors; and
🌟 Why it’s important to understand what’s going on around the planet before you start buying individual stocks.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof35
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
How to pick stocks to invest in (Part 1: Understanding financial statements): https://www.papermoneyco.com/gof32
How to pick stocks to invest in (Part 2: Profitability and valuation): https://www.papermoneyco.com/gof33
How to pick stocks to invest in (Part 3: Financial Security): https://www.papermoneyco.com/gof34
How to invest in ETFs: https://www.papermoneyco.com/gof17
Time codes:
00:00 Hello and Welcome!
02:03 Governance and Leadership
03:37 Industry Leadership
06:33 Sponsor - FIRE and Investment Calculator Spreadsheet
08:28 Economic and Political Factors
12:01 Next Weeks’ Episode
Remember to:
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🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
34: How to Pick Stocks to Invest in (Part 3: Financial Security)
🎙 In part 3 of this series, we’re looking at how to determine whether a company is solvent and liquid — meaning whether it can pay it’s bills and isn’t secretly broke. Knowing the difference will give you peace of mind that your money is invested in a safe company. But how can you determine the financial security of potential investment options? 🤔
This episode discusses topics like:
🌟 What solvent and liquid mean when you’re looking for a company to invest in;
🌟 How to determine whether or not a company can pay its’ bills and its’ debts; and
🌟 Why it’s important to assess the financial health of a company before you decide to invest in them.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof34
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
How to pick stocks to invest in (Part 1: Understanding financial statements): https://www.papermoneyco.com/gof32
How to pick stocks to invest in (Part 2: Profitability and valuation): https://www.papermoneyco.com/gof33
How to invest in ETFs: https://www.papermoneyco.com/gof17
Time codes:
00:00 Hello and Welcome!
02:32 Why Solvency and Liquidity Matter
05:54 Solvency Ratios
09:47 Sponsor - FIRE and Investment Calculator Spreadsheet
11:45 Liquidity Ratios
14:16 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
33: How to Pick Stocks to Invest in (Part 2: Profitability and Valuation)
🎙 In part 2 of this series, we’re looking at some of the key ratios you need to be aware of when you’re learning how to pick stocks. We’ll focus on some of the key profitability and valuation ratios like EPS, P/E ratio and return on equity. These help investors determine whether or not a company is a good investment choice for their investing strategy. 🤔
This episode discusses topics like:
🌟 Why looking at the profit line in company financial statements isn’t enough;
🌟 How ratios and benchmarks can change and don’t always give you the full picture; and
🌟 What key profitability and valuation ratios you need to consider when evaluating investment options.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof33
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
How to pick stocks to invest in (Part 1: Understanding financial statements): https://www.papermoneyco.com/gof32
Time codes:
00:00 Hello and Welcome!
02:39 Financial Statement and Analysis
05:35 Valuation Ratio
09:35 Profitability Ratios
12:53 Sponsor - FIRE and Investment Calculator Spreadsheet
14:43 Ratios Contd.
18:14 Big News and Personal Update
26:46 Next Weeks’ Episode
Remember to:
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🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
32: How to Pick Stocks to Invest in (Part 1: Understanding Financial Statements)
🎙 Picking stocks to invest in is not an easy task. There’s a lot that goes into it and it carries more risk than a well diversified ETF. But when done correctly, picking individual stocks to invest in is a great way to boost your wealth. But how do you go about picking stocks? And why do you need to be able to understand a company’s financial statements? 🤔
This episode discusses topics like:
🌟 Why you should consider investing in individual stocks and when you’re better off investing in ETFs;
🌟 How companies report on their finances and what it means for you as an investor; and
🌟 What to look for in a company’s financial statements to help you make the best investment choices for your investing strategy.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof32
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
Investing in ETFs: https://www.papermoneyco.com/gof17
Stock picking cat: https://www.theguardian.com/money/2013/jan/13/investments-stock-picking
Time codes:
00:00 Hello and Welcome!
04:02 Why Should You Invest in Individual Stocks
12:28 Analysing Company Financial Statements to Pick Stocks
14:04 What Are Financial Statements and Where Do They Come From?
22:26 Understanding Financial Statements
25:29 Sponsor - FIRE and Investment Calculator Spreadsheet
27:24 What to Look for in Financial Statements
32:25 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
31: Why Is It So Hard to Save and Invest for Retirement
🎙 For most of us, saving and investing for retirement is hard to do. We need to find the money in our current budget to invest for our future selves. But that’s not all. There’s a psychological reason why investing for retirement is so hard. But how can we get past it? 🤔
This episode discusses topics like:
🌟 Why DIY retirement schemes make the goal of saving $1M for retirement so much harder;
🌟 Why we’d rather spend our money now than save or invest it for retirement; and
🌟 How you can find more money in your budget and send it towards your retirement instead of spending it right now.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof31
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
Why investing is so important for women: https://www.papermoneyco.com/gof2
Asking your boss for a raise: https://www.papermoneyco.com/gof12
Investing in ETFs: https://www.papermoneyco.com/gof17
Time codes:
00:00 Hello and Welcome!
02:49 Do-It-Yourself Retirement
07:58 You Can’t Empathise With Your Older Self
12:36 Sponsor - FIRE and Investment Calculator Spreadsheet
14:34 How to Make Saving for Retirement Easier
21:42 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
30: How to Reach FIRE Even Faster With a 401(K) / Superannuation
🎙 The race to FIRE is a tough one. It takes years of dedication to investing and growing your portfolio before you reach financial independence and you can retire early. When you retire early, you need a bigger nest egg because you’ll be drawing income from your investments for decades longer than traditional retirement. And it takes decades to build a portfolio that’s large enough. But what if there was a way to speed up your journey? You might be able to reach FIRE even earlier by taking advantage of a program that’s sitting right under your nose… 🤔
This episode discusses topics like:
🌟 Why simple FIRE calculations on the internet fall short and leave you vulnerable to running out of money or having to go back to work;
🌟 How FIRE works with an age-restricted retirement program like superannuation in Australia or 401 (K) in the US; and
🌟 How much earlier you can retire using a phased approach to early retirement as opposed to the simple FIRE calculations out on the internet (the 25x rule).
Links from this episode:
Retirement Timeline Graphic: https://bit.ly/3i1XkRB
Episode transcript and show notes: https://www.papermoneyco.com/gof30
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
Savings rate and investing rate: https://www.papermoneyco.com/gof19
The 4% rule: https://www.papermoneyco.com/gof23
Calculating your FIRE number: https://www.papermoneyco.com/gof28
Time codes:
00:00 Hello and Welcome!
06:55 FIRE vs Traditional Retirement
08:18 FIRE and Superannuation or 401(K)
10:21 Reaching FIRE and Retirement in Phases
19:52 Simple FIRE Calculation
23:34 Retirement Programs Make FIRE Easier
24:58 Next Weeks’ Episode
Remember to:
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🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
29: How Much Is Your Freedom Worth? (Opportunity Cost and Why It Matters)
🎙 This episode has the power to change your life. Once you learn this, you can’t unlearn it and you’ll be seeing it everywhere. In this episode, I talk about opportunity cost and what that means for your finances. But I also talk about how it reflects what your freedom is worth. The financial choices you make have more than just a financial impact. And I’m not just talking about your carbon footprint. 🤔
This episode discusses topics like:
🌟 What opportunity cost means and why it’s a fundamental concept of modern economics;
🌟 How to see the opportunity cost in all your financial (and personal) decisions; and
🌟 What the true cost of retirement is — what is your freedom really worth?
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof29
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
Time codes:
00:00 Hello and Welcome!
03:36 What Is Opportunity Cost?
08:12 Sponsor - FIRE and Investment Calculator Spreadsheet
10:26 What Does It Mean When Building Wealth?
13:03 More Than Just Financial Cost
19:18 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
28: How To Retire Early (Calculating Your FIRE Number)
🎙 In this episode I give you a behind the scenes look at my FIRE number calculation and my expected early retirement age. I’m covering all the variables and assumptions that you need to calculate your own path to FIRE. Early retirement isn’t just for the super rich. If I can plan for it, you can plan for it too. But it’s super important that your FIRE number calculation and early retirement age are realistic. Otherwise, you run the risk of falling short and running out of money. And what you hear on the internet about multiplying your expense by 25 or increasing your savings rate isn’t always the best advice. So, how do you do a FIRE number calculation properly? 🤔
This episode discusses topics like:
🌟 Why rules like the 4% rule and 25x rules are often misguiding investors when planning for early retirement;
🌟 How to calculate how much money you need for retirement and be sure that you won’t run out of money; and
🌟 What it takes to be able to retire early.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof28
Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting
Does the 4% Rule Really Work? https://www.papermoneyco.com/gof23
How to Get Rich While You Sleep: https://www.papermoneyco.com/gof25
How to Calculate Your Savings Rate: https://www.papermoneyco.com/gof19
Time codes:
00:00 Hello and Welcome!
04:57 FIRE Calculation Assumptions
14:20 Sponsor - FIRE and Investment Calculator Spreadsheet
16:15 Portfolio Growth
20:45 Other Assumptions
22:42 FIRE and Investment Calculator Spreadsheet Video
24:31 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
27: Why The Stock Market is Stupid and Investors Are Too Emotional
🎙 Emotional investing…speculation…market sentiment… these are all the things that drive the stock market. Which means that they determine what happens to your wealth, even when you have a solid and well-researched investing strategy. So, how do these forces actually work, and how can you protect your wealth against them? 🤔
This episode discusses topics like:
🌟 How emotional investing feeds market sentiment and speculation;
🌟 Whether choosing water over Coke really spells doom and gloom for your investments; and
🌟 Why the stock market can be a little stupid and investors can go a little crazy.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/gof27
Sign up for my free Masterclass: https://www.papermoneyco.com/masterclass
Day Trader definition: https://www.investopedia.com/terms/d/daytrader.asp
Dollar Cost Averaging: https://www.papermoneyco.com/gof24
Diversification: https://www.papermoneyco.com/gof17
Time codes:
00:00 Hello and Welcome!
03:31 What Is Emotional Investing?
05:39 How Does Emotional Investing Impact Your Wealth?
08:07 How Does Investor Sentiment and Speculation Impact the Stock Market?
14:00 Sponsor - FIRE and Investment Calculator Spreadsheet
15:55 How Does Emotional Investing Impact Your Wealth?
19:33 Ways to Beat Emotional Investing
23:59 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
26: Why Day Trading Is Like Gambling and Long Term Investing Is Queen
🎙 Day trading is often seen as a way to get rich quick. But it’s almost impossible to day trade your way to a million-dollar retirement, especially with the effects of emotional investing and stock market sentiment. So, why does it seem like it’s the winning lottery ticket you’ve been waiting for? Why does it go wrong? And why is long term investing the better strategy? 🤔
This episode discusses topics like:
🌟 What day trading is and why most people who try day trading end up losing a lot of money;
🌟 How emotional investing impacts the stock market as a whole and your personal wealth; and
🌟 Why long term investing is the better way to get rich.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/26-emotional-investing-stock-market-sentiment
Sign up for my free Masterclass: https://www.papermoneyco.com/masterclass
Day Trader definition: https://www.investopedia.com/terms/d/daytrader.asp
Time codes:
00:00 Hello and Welcome!
02:52 What Is Day Trading?
04:03 Supply and Demand Inefficiencies in Day Trading
08:21 Sponsor - FIRE and Investment Calculator Spreadsheet
10:16 Day Trading vs Long Term Investing
13:13 Why Do People Day Trade?
14:21 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
25: How to Get Rich While You Sleep (What You Need to Know About Dividends)
🎙 Making money while you sleep sounds great, doesn’t it? And the good news is that it’s available to anyone when you invest in stocks that pay good dividends. It’s a great way to add extra income to your wallet and boost your financial goals. Income investing through dividends is also a great option for creating an income stream in retirement. But how do dividends work? 🤔
This episode discusses topics like:
🌟 How to choose which stocks to invest in when you want to earn dividend income;
🌟 What steps you need to take when you invest in stocks to earn an income; and
🌟 How to identify good dividend-paying stocks and how to identify the ones to avoid.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/25-invest-dividends-stocks
Sign up for my free Masterclass: https://www.papermoneyco.com/masterclass
Time codes:
00:00 Hello and Welcome!
03:28 How to Make Money From Dividends
10:49 Sponsor - FIRE and Investment Calculator Spreadsheet
12:49 Dividends and Your Investing Strategy
18:20 How to Invest for Dividends
23:38 Ways to Evaluate Dividends
26:57 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
24: What Is Dollar Cost Averaging and How Does It Impact Your Wealth?
🎙 Dollar cost averaging is a common investing strategy that’s often considered to be good for beginner investors and those investing under a long term buy and hold strategy. But it may not be the best option for you. How does it work? And how does using a dollar cost averaging strategy impact your wealth? 🤔
This episode discusses topics like:
🌟 How dollar cost averaging works and how you can implement this strategy;
🌟 How dollar cost averaging can be beneficial for beginners and emotional investors; and
🌟 How dollar cost averaging can increase your wealth and when it’ll result in you leaving money on the table.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/24-dollar-cost-averaging
Dollar Cost Averaging: Truth or Fiction study by Morningstar: https://www.morningstar.com.au/learn/article/the-dollar-cost-averaging-myth-why-lump-sum-i/197410
Investment frequency calculator: https://investcalc.github.io
Time codes:
00:00 Hello & Welcome!
02:11 What Is Dollar Cost Averaging and How Does It Work?
11:38 FIRE & Investment Calculator Spreadsheet
13:40 Advantages and Benefits of Dollar Cost Averaging
16:55 Disadvantages of Dollar Cost Averaging
21:30 How Priya Invests
24:32 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
23: How Much Money Do you Need for Retirement (Does the 4% Rule Really Work?)
🎙 The 4% rule is a common rule of thumb used by financial experts for decades to determine how much money you need for retirement. But it’s not necessarily the best advice for a number of reasons, especially when you’re aiming to FIRE and retire many years earlier than traditional retirement. So why doesn’t the 4% rule work? And how do you then determine how much money you need to be able to retire? 🤔
This episode discusses topics like:
🌟 The biggest problem with the 4% rule that many financial experts overlook;
🌟 Why the 4% rule isn’t the best tool to determine how much money you need for early retirement; and
🌟 How to calculate your FIRE number.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/23-4-rule-retirement
The 4% rule of thumb for retirement withdrawals: https://www.thebalance.com/dont-confuse-these-two-retirement-rules-of-thumb-453920
How to 4% rule works in retirement: https://www.thebalance.com/what-is-the-4percent-rule-in-retirement-2388273
Aussie HIFIRE: The 4% rule in Australia: https://aussiehifire.com/2018/11/21/sequencing-risk-the-trinity-study-and-the-4-rule-in-australia/
Life expectancy at birth in 1998: https://www.cdc.gov/nchs/data/nvsr/nvsr48/nvs48_18.pdf
Wade Pfau: Retirement Researcher: https://retirementresearcher.com/the-4-rule-and-the-search-for-a-safe-withdrawal-rate/
Time codes:
00:00 Hello and Welcome!
01:49 What Is the 4% Rule?
05:14 Drawbacks of the Trinity Study and the 4% Rule
15:35 FIRE and Investment Calculator Spreadsheet
17:30 Portfolio Asset Allocation
25:07 How Priya Determines How Much She Needs for Retirement
31:16 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
22: How to Pay Off Debt Faster and Smarter (4 Successful Strategies)
🎙 It’s super important to pay off your high interest debt before you start investing and then continue paying off your debt while you’re investing. But paying off debt isn’t easy. And the longer it takes, the more returns you sacrifice in the market. But there is hope! This episode goes through some successful strategies you can use to pay off your debt smarter and faster so that you can start investing sooner and watch your money grow. But what are those strategies, and how do they work? 🤔
This episode discusses topics like:
🌟 Why making only the minimum payments on your debt will keep you in debt for as long as possible;
🌟 Why you should start with a debt snowball and switch to a debt avalanche to become debt free; and
🌟 How to freeze your credit card debt at 0% interest to pay it off faster.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/22-pay-off-debt-faster
Time codes:
00:00 Hello and Welcome!
04:02 How to Pay Off Debt Using a Debt Snowball
09:45 How to Pay Off Debt Using a Debt Avalanche
12:25 FIRE and Investment Calculator Spreadsheet
14:19 Should You Use a Debt Snowball or a Debt Avalanche
16:00 Reducing Your Debt With a Balance Transfer
17:54 Become Debt Free Using Debt Consolidation
20:34 Other Options for Reducing Your Debt
23:11 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
21: 5 Money Myths Preventing You From Living the Life of Your Dreams
🎙 Budgeting may be the foundation you need to start investing and building real, lasting wealth. But it’s often seen as a chore that no one wants to spend time on. It’s easy to keep making excuses and believing the myths that tell you budgeting isn’t going to work for you. But those myths are keeping you broke, keeping you miserable and stopping you from building the life of your dreams. It’s time to bust those myths and stop making excuses. 🤔
This episode discusses topics like:🌟 The #1 excuse I hear about why people don’t like budgeting and why it’s completely wrong;
🌟 Why earning weekly, bi-weekly or irregular income doesn’t mean you can’t budget; and
🌟 The worst excuse that’s going to keep you broke, unhappy and struggling with money for the rest of your life.
Links from this episode:Episode transcript & show notes: https://www.papermoneyco.com/21-budget-myths
20 Lottery Winners Who Lost Every Penny: https://www.businessinsider.com.au/lottery-winners-lost-everything-2017-8?r=US&IR=T
Time codes:00:00 Hello & Welcome!
03:05 #1 Budgets Are Too Restrictive & You Can’t Have Any Fun
06:56 #2 I Can’t Budget Because I’m Bad at Maths
09:58 FIRE & Investment Calculator Spreadsheet
11:52 #3 I Can’t Budget Because I Make an Irregular Income
15:32 #4 I Get Paid Weekly So a Monthly Budget Won’t Work
18:46 #5 It’s Only for People Who Are in Debt or Struggling Financially
23:36 Next Weeks’ Episode
Remember to:Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
20: Why You Should Start Investing Before You’re Debt Free
🎙 Popular advice will tell you to pay off your debt first before you start investing. But following that advice means that you could be leaving tens of thousands of dollars on the table when it comes time to retire. It’s important to set a solid financial foundation before you start investing. You need to learn how to manage the money you already have before you start making more. But that doesn’t mean you need to follow outdated and unhelpful (and often expensive) advice. But then, what comes first? 🤔
This episode discusses topics like:🌟 What your #1 financial priority needs to be regardless of the current state of your finances;
🌟 Why you need to start investing before you become debt free and why the popular advice about this from Dave Ramsey is so wrong; and
🌟 How to start investing when you still have debt, and how to become totally debt free.
Links from this episode:Episode transcript & show notes: https://www.papermoneyco.com/20-save-debt-invest-first
Dave Ramsey’s Baby Steps: https://www.ramseysolutions.com/dave-ramsey-7-baby-steps
Time codes:00:00 Hello & Welcome! - https://www.papermoneyco.com
02:44 Common Advice About Saving, Debt & Retirement From Dave Ramsey
11:48 Should You Save, Pay Off Debt or Invest First?
20:46 Next Weeks’ Episode
Remember to:Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
19: How to Calculate Your Savings Rate and Determine When You’ll Reach Financial Independence
🎙 Savings rate calculation — the #1 factor that determine when you'll reach financial independence is your savings rate, learn how to calculate it and retire earlier than you every thought possible! 🤔
This episode discusses topics like:🌟 Why your savings rate is the #1 factor that will determine when you’re able to retire;
🌟 How to calculate your savings rate and what it means for your financial independence; and
🌟 What your savings rate should be if you want to retire early.
Links from this episode:Mr Money Moustache - The shockingly simple math behind early retirement
Time codes:00:00 Hello & Welcome!
02:29 What Is Your Savings Rate & Why Is It Important?
11:25 How Do You Calculate Your Savings Rate
16:40 What Should Your Savings Rate Be?
19:58 Next Weeks’ Episode
Remember to:Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
18: How to Invest in Bonds and Grow Your Wealth the Easy Way
🎙 Bonds have been a great way to invest for income for quite some time. Even if Captain America isn’t getting on stage to sell them. But what are bonds and how to you invest in bonds in the first place? 🤔
This episode discusses topics like:🌟 Why lending money can be a good way to invest and generate an income stream;
🌟 Why investing in bonds is considered to be safer than investing in shares and is popular in retirement; and
🌟 What risks are involved with investing in bonds and how to start investing in them.
Links from this episode:Free 7-day online budgeting course
Australia retains AAA rating throughout Coronavirus-induced global recession
Time codes:00:00 Hello & Welcome!
01:30 What Are Bonds & How Do They Work?
02:48 Different Types of Bonds
05:22 Are Bonds a Good Investment?
10:20 Why Shouldn’t You Invest in Bonds The Risks
15:01 How to Buy and Invest in Bonds
18:44 Next Weeks’ Episode
Remember to:Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
17: How to Invest in ETFs and Get Rich (the Simple Path to FIRE)
🎙 How do you become a millionaire on autopilot? You invest in ETFs and hold on for the long haul. This is a super simple and effective way to build wealth, and reach FIRE. ETFs have been gaining in popularity over the past few decades - but what are they and how do you invest in them? 🤔
This episode discusses topics like:🌟 Why ETFs are perfect for lazy investors and beginners just learning how to invest;
🌟 How ETFs can make you a millionaire without any extra work and effort on your part — even while you sleep; and
🌟 How to get started if you’re ready to invest in ETFs and watch your wealth explode.
Links from this episode:Typical MER for passively managed fund
SelfWealth - $9.50 flat brokerage with no commissions and no minimum investment amounts
Time codes:00:00 Hello & Welcome! - https://www.papermoneyco.com
01:39 What are ETFs?
04:18 How Do ETFs Work?
08:31 Why You Should Invest in ETFs
12:31 Risks of Investing in ETFs
14:56 How to Trade and Invest in ETFs
18:56 How Much Should You Invest in ETFs
19:40 Next Weeks’ Episode
Remember to:Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
16: How to Make Easy Money From the Stock Market (the Ultimate Beginners' Guide) (Part 2)
🎙 Investing in the stock market is a great way to make passive income and build your wealth, even for beginners and even if you only have a little bit of money to invest. But it’s easy to lose a lot of money if you don’t know what you’re doing and you make a bad decision. 🤔
This episode discusses topics like:
🌟 Why you should’t try to time the market and why day trading is a fast way to lose a lot of money;
🌟 How to get started investing in the stock market even if you’re a beginner and you only have a little bit of money to invest; and
🌟 How much money a beginner needs to start investing in the stock market (it’s not as much as you’d think!).
Links from this episode:
Free 7-day online budgeting course
Australian Shares Performance in the Last 30 Years
Remember to:
Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
15: How to Make Easy Money From the Stock Market (the Ultimate Beginners' Guide) (Part 1)
🎙 Investing in the stock market is a great way to make passive income and build your wealth. But for beginners it can be scary when you don’t know how to make easy money while avoiding the risks. 🤔
This episode discusses topics like:
🌟 The 2 ways to make money from the stock market without any extra time, effort or energy (make money while you sleep!);
🌟 Why investing in the stock market is so beneficial, even for beginners; and
🌟 How to buy more stocks on autopilot and build wealth while you sleep.
Links from this episode:
Free 7-day online budgeting course
Australian Shares Performance in the Last 30 Years
Remember to:
Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
14: How to Start Investing: What Beginners Need to Know to Get Rich (the Ultimate Guide)
🎙 Ready to build real wealth? Learn how to start investing and determine your investing strategy, even if you're a beginner. Your investing strategy is like a GPS for your investing. It knows where you want to go and how to get there. There’s no getting rich quick here, but it’s easy to lose a lot of money if you don’t know what you’re doing. Having a solid investing strategy will take your risk tolerance and time horizon into account while making sure you’re only investing in something you understand. But how to do determine your investing strategy? 🤔
This episode discusses topics like:
🌟 How to determine when you’re ready to start investing even if you still have debt;
🌟 How to start building and managing your investment portfolio; and
🌟 How to start investing based on your risk tolerance and time horizon.
Links from this episode:
Free 7-day online budgeting course
How frequently should you invest to maximise returns
Remember to:
Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
13: How to Use a Credit Card Debt Free (Proven & Simple Hacks)
🎙 Credit cards aren’t as evil as some financial experts would have you believe. When used responsibly, they’re a great tool to help you make the most out of your money and offer great benefits like points and travel hacking. But how do you use a credit card properly and responsibly without accumulating debt? 🤔
This episode discusses topics like:
🌟 When it’s okay to use a credit card in emergencies;
🌟 What banks and card providers don’t want you to know about your credit card debt; and
🌟 How to use a credit card without going into debt.
Links from this episode:
Free 7-day online budgeting course
Festive Season credit card debt drops to 10-year low in January 2021
Credit card debt down more than 20% since COVID struck
Average credit card debt in Australia
Average credit card debt in the US
Remember to:
Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
12: How to Ask Your Boss For a Raise (Awesome Hacks that will Empower You!)
🎙 One of the most important aspects of building wealth is earning enough income to cover your expenses, enjoy your life in the present and invest for financial independence. And in order to do that, you need to get paid what you deserve. That’s why this week, we’re discussing how to ask your boss for a raise. It’s about maximising the income you already work before adding additional streams of income. It’s not always an easy conversation to have, so how do you ask? 🤔
This episode discusses topics like:
🌟 How to prove to your boss that you deserve the raise you’re about to ask for;
🌟 What not to say when you’re asking for a raise; and
🌟 How to ensure that you’re getting paid what you’re worth.
Links from this episode:
Free 7-day online budgeting course
Marketplace: Men and women as for pay raises at the same rate - but men get them more often
Remember to:
Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
Do you have goals for FIRE? Drop a comment below 👇🏽
11: The #1 Financial Metric You Need to Focus on to Build Wealth & Get Rich
🎙 Your net worth is the #1 financial metric to focus on if you want to build lasting wealth and live the life of your dreams. But how do you calculate it? It’s not super complicated, but it’s easy to get it wrong. Get in the habit of calculating your net worth often and tracking it monthly to see how it changes. I’m sure you’ve seen people sharing their net worth all over the internet, but what does it mean? 🤔
This episode discusses topics like:
🌟 The most important factor that determines whether you really have an asset or just an item;
🌟 Why your net worth is the #1 metric for measuring your progress and your financial success; and
🌟 Why money saved in the bank doesn’t equal wealth.
Links from this episode:
Free 7-day online budgeting course
Remember to:
Join our exclusive community by becoming a Patron - Patreon
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.