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Alec Renehan

πŸ‘€ Speaker
195 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

Luckily, I came across Bryce at uni and we started talking about it.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

But even between the time that I was 18 and the time that I actually started investing, I missed out on like four or five years of compounding growth.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And if you put that in a money smart calculator and you look at that time between 18 and 23 and what that could mean when you're 60, it matters.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

So

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

I think the obvious answer is get started investing early.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

But I think more generally, I just wish I was more curious when I was 18.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And like, you know, now we've created this platform and, you know, Bryce and I can spend our days being curious and just like learning about new companies, learning about different industries.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And investing as an exercise forces you to be curious because you're constantly trying to learn new things.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And I love that about that.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And I kind of just wish I was more curious when I was younger.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

We were chatting to someone yesterday about the fire movement and, you know, neither Bryce and I would say we're fire movement proponents, but I think the really important thing that comes out of the fire movement is really being intentional with your money.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And it's, you know, spending on things that you want to spend on because, you know, it

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

brings you joy makes you happy or it's meaningful to you but then it's about not spending on unnecessary things and I think that where the middle ground lies between Bryce's you know late teens and my late teens was I wasn't intentional because I didn't have enough knowledge and Bryce perhaps was too intent like wasn't you know he was too restrictive and he didn't um

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

spend money on things that would have brought him joy or were meaningful to him at that time.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And I think the middle ground is like, just be really aware of how much money is coming in and what you're spending it on.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And if there's something you want, don't deprive yourself of that.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

But if it's something that you can sort of take or leave, don't spend it, invest that money instead.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

Yeah.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

And it's a journey.

Australian Finance Podcast
Equity Mates | Approaching investing with curiosity

I don't think any of us sitting here would be like, we've nailed this.