Money Chill Out Podcast
Episode #3: Insight of a trader’s own money management
Ever wanted to know how a trader deals with her own money and what are her best practices? In just 30 minutes, we’ll get great insight into money management and discipline, equity investment, and how to be switched on in our world to know our worth. Don’t miss this rich and accessible discussion from someone in the industry, without forgetting some lightheartedness!
Key takeaways :
- If you have a clear goal in mind, discipline is easier
- Align spending to your important things in life
- Invest in equities:
- That talk to you, where you either like the story behind it, the vision and want them to grow
- Undervalued stocks
- To spread risk from real estate
- In order to gain knowledge:
- Expose yourself to news in order to be switched on: Bloomberg TV, economist podcasts, seeking alpha blog
- For salary awareness and negotiations: be aware of your industry, knowledge is power
- Discuss and disclose salaries/bonuses to friends
- Take headhunters calls, to have a market update of who’s looking and at what salary
- Best tips:
- Have a 3 month safety net as a cushion and peace of mind to cope for unexpected events and rainy days
- Need control over finances: knowing your inflows and outflows removes pressure, and you can act to achieve your goals
- Start investing small, get familiar and learn through the process
Episode #2: Not depending on a paycheck through real estate investment
Want to be financially independent in your early 30s? This is possible! Listen to Vanessa’s story on how she massively saved while in the corporate world, to invest in real estate and solely rely on rent incomes. With this in place, she was able to take some risks, she launched her own start-up and became a trendy digital nomad. Don’t miss her great tips and her very inspiring story!
Key takeaways :
- Going from a financially comfortable corporate job to launching a start-up
- Impatient, wanted things to move more quickly
- Don’t want anyone to decide on her career
- Planning a change
- Focused on her goal: saved a lot for 3 years to invest in a property and be financially independent.
- Had to stop traveling and spending
- Was easier than thought as it’s a step by step process and then you get used to it
- Tips not to depend on a paycheck
- Save, invest and diversify
- risk management
- Want to control risk, always imagine the worst-case scenario and if you can handle it
- Need savings on the side to have peace of mind
- No equity investment: need stability as way of life is more risky
- Tips to invest in real estate
- Buy a rundown house, that needs a lot of work in a promising neighborhood
- Look at websites to see similar listings and have an idea of potential income
- Contact the council to understand the law and what you’re allowed to do
- Compare the ratio of investment vs. what you can expect as a return
Episode #1: Tracking, planning, and forecasting to go a long way in life!
In this episode, we’ll speak about tracking, planning and forecasting with a finance director, Anne-Claire Aubert. She’ll tell us why it’s so important to be aware of what you have and spend, how you can track your finances and take actions on what you’ve discovered, how she has planned a move from Australia to Europe with no jobs and 2 kids, and the process she followed to buy a house. Lots of infos and insight from a rationale woman.
Key takeaways episode 1:
- Eye opener, use an app so that it gives you a report each month. Enables you to see where you spend without necessarily realising it. Possibility to take actions as now you’re aware
- Planning a move is always risky but you need to mitigate it.
- Going from Australia to Europe, with no jobs and 2 kids, was fine as worst comes to the worst, there was a family house they could use, so no expenses except groceries, and summer holidays so kids not in school.
- Thought process for buying a house: LT view, stop throwing money away through rent
- First step: Meet with a broker, to have an idea of a budget.
- Don’t necessarily go to the maximum you can afford
- Do worst case scenario: what if one loses its job, or the two.
- Any advice for a house:
- The sooner you can buy, do it
Why you should listen ?
The topic of money is often taboo and women aren’t always taking ownership. Having worked 10 years on trading floors in London, often as the only woman, I want to challenge this unspoken reality and do something about it. And a lot goes through education. Financial literacy is of major importance and the earlier you grasp it, the better you can plan your life ahead, your projects, and reach financial peace of mind. It’s a real liberator and it is in this context that I am launching Money Chill Out, to help you demystify the intimidating world of finance, and have an open, honest, and frank conversation. So let’s talk about money, mindset, investment habits, and any best practices and join me on this journey to get more comfortable, be inspired, and get empowered!
Publication rhythm: Every other week, on Wednesday evenings!
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