Girls That Invest - thoughts on Chapter 1
Chapter 1: Five reasons that investing is better than a mattress stuffed with cash
Research the inflation rate of your country. Make sure your pay rise this year is above inflation.
So right now in Australia, the inflation rate is at 7.3% - the highest rate in more than three decades, apparently. So that means that's the rate of how much my cash went down this year.
In the Philippines, it's 8.6%. I don't have a lot of my own assets there, so I'm not too fussed.
I did get a 10% salary increase so I'm pleasantly surprised that's still above the inflation rate. I'm not doing too badly.
What do you want your life to look like in 5-10 years time. How much money would you need to achieve that goal?
Hmm pretty flexi at the moment, but in 5 years time I hope I have an apartment near the beach with an extra room that I can use as my office. With Sydney rental prices pretty sky high right now, I don't know how much that will look like. But I think I'd need to be able to afford $500 a week. Ouch.
Investing for financial security for me is a must because I'm pretty in love with my 4-day work week, and ideally I would like to keep it that way. I want to grow my wealth without having to work extra hours and I can continue using that one day off to do and learn things that I love.
Causes I am passionate about:
Sustainable development, but to be more precise:
Climate action.
Gender equality.
Education.
Research the inflation rate of your country. Make sure your pay rise this year is above inflation.
So right now in Australia, the inflation rate is at 7.3% - the highest rate in more than three decades, apparently. So that means that's the rate of how much my cash went down this year.
In the Philippines, it's 8.6%. I don't have a lot of my own assets there, so I'm not too fussed.
I did get a 10% salary increase so I'm pleasantly surprised that's still above the inflation rate. I'm not doing too badly.
What do you want your life to look like in 5-10 years time. How much money would you need to achieve that goal?
Hmm pretty flexi at the moment, but in 5 years time I hope I have an apartment near the beach with an extra room that I can use as my office. With Sydney rental prices pretty sky high right now, I don't know how much that will look like. But I think I'd need to be able to afford $500 a week. Ouch.
Investing for financial security for me is a must because I'm pretty in love with my 4-day work week, and ideally I would like to keep it that way. I want to grow my wealth without having to work extra hours and I can continue using that one day off to do and learn things that I love.
Causes I am passionate about:
Sustainable development, but to be more precise:
Climate action.
Gender equality.
Education.