My vision is to enable people to fulfil their financial aspirations and make a positive impact on their life.
In my view, investing is one of the ways for people to secure their financial future and be able to take care of others. My research tells us why people are not investing, are due to a lack of knowledge and mean. But I want to be part of the solution by giving people the tools, knowledge and confidence to invest and make informed investment decisions.
We all know women have lower labour market participation, and this is compounded by the wage gap (the ratio of the wage of women to that of men in a similar position), which globally is 37% difference. In addition, women save more than men. Women save around 9% of their annual salary and men 8.6% of their salary. The difference in annual salary for both groups, is actually the main cause for the gap and saving alone will not help enough to close it.
But in today’s low-interest-rate environment, interest on savings account after tax and inflation is not good for the saver. In fact, it rewarded the investors who see money as a resource and utilize it wisely.
The true story happens in 2020 just right after Covid 19 hits the world – one of my clients brought an old house facing the Brisbane River, Norman Park. The same property today has given a massive capital growth of more than $200K in less than 1.5 years!!
There is more to lose by not investing, so we shall all start now – reasons why we should invest today.
1. WE LIVE LONGER, AND NEED MORE RETIREMENT FUNDS THAN EVER
With advancements in medicine and science, according to the World Health Organisation, we all live longer, and women live on average six to eight years longer than men. That means we need more funds available at retirement, particularly for women who usually have a longer retirement year.
2. INVESTING IS THE ONLY OPTION IF YOU DON’T WANT YOUR ASSETS TO DIMINISH
With interest rates on savings at around 0.5%, and inflation around 3% globally, investing is not only necessary to grow your assets, but to prevent the diminishing of these assets.
Research shows that if you are not participating in the stock market for retirement and other savings yields a welfare loss of 12%. With the interest rates around 0.5% or even negative figures, investing becomes even more important to grow your money than ever before.
3. YOU WORK HARD, SO MAKE YOUR MONEY WORK AS HARD AS YOU DO BY INVESTING
One of the most important ways to take care of one’s financial future is to make sure your money is working as hard as you. The money that you make by savings and/or investing in stocks or real estate are passive incomes. By earning interest on a savings account, dividends from holding stocks or rent on investment properties, your money works for you while you ‘sleep’.
This is the kind of result I love.
I helped many clients from zero property to today they are successful investors with a minimum of 5 properties under their belt. I like to help especially women to be more informed and educated about finance and investments.
Clients who bought a house at New Farm area in the midst of the pandemic were nervous and unsure that they should complete the purchase. I did the analysis and showed them different ways to minimize the risk. They completed the purchase eventually after a lengthy discussion. In recent weeks he came back to me for equity release – the same property has made them more than $250K gain in growth within the last 15 months – an average of $16K per month in gain!!
The clients are thankful and very happy with this outcome and are on their journey to do the next property hunt. She has also referred many of her friends and family to me for help so I can grow their portfolio too.
The journey towards financial freedom is full of challenges and it requires attention, focus and determination. But if you have done your homework, has a team of professional to talk to and draw up your financial plan to invest regularly so you can diversify your income streams. I am sure you will eventually have a brighter retirement outcome.