3 ways to save $10k ASAP, side hustles & taking back control feat. Mel Browne
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What is the main topic discussed in this episode?
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
Here's something worth knowing if you've been meaning to make the switch to a better broker. To celebrate their fifth birthday, Perla are offering three free trades a month for five months if you transfer your portfolio across with a minimum of $1,000. For anyone investing regularly, that's meaningful savings on brokerage that can stay invested instead. Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform. If you've been with a platform that doesn't quite fit your strategy anymore, it might be time to take a look. You'll find all of the details at perla.com slash LP slash RASC. That's perla.com slash LP slash RASC. That means it's not specific to you, your needs, goals or objectives.
So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes.
Hello, I'm Kate Campbell. And I'm Owen Rask. And you're listening to the Australian Finance Podcast.
A podcast where we talk about money, finance, investing and all that good stuff.
We're helping you invest your time and money better one podcast episode at a time.
Yes, so please subscribe if you like the series. And don't forget you can find us on social media. We're on all the platforms. Kate, where can people go?
You can find us on Instagram and Twitter at Rask Australia. That's R-A-S-K Australia.
And I'm Owen Rask on Twitter or Owen Rask AU on Instagram. Beware the imitators. People like to copy us. Without further ado, let's jump in to today's episode. Mel, how are you going?
Hey, good. How are you?
I'm very good. Thank you. I'm all the more better for having the opportunity to chat with you today, to chat with you about money, about spending, about investing, about everything, basically, and entrepreneurialism, things you've been working on. We caught up in Sydney a little while ago, which was too long between jinx. Absolutely. So I'm hoping today we can cover a lot of ground, a lot of new ground for people that don't know you. You have appeared on our shows before, but maybe Can you give us a bit of a 101 into Mel Brown? Tell us a little bit about yourself, how you got to here. There's so many books you've written and everything like that where people can go back and read and we'll put links in the show notes.
But tell us a little bit about yourself and how you got to where you are now.
Oh, God. So I am an accidental entrepreneur, an accidental accountant and an accidental financial advisor. I feel like accidental is my thing. So I wanted to study law from school. That was my thing. I was very set on it. But three years in, worked out I hated it. And my dad was an accountant. I really wanted to please him. You know, I was the oldest child people pleaser. So he said to me, there's law in accounting. Why don't you go study that? So I went and studied accounting. I say that my 13-year-old self would be horrified by that decision. She'd be crawled up in a fetal position crying, but nonetheless... And I only started my firm in order to do some more study. So I thought I'll put some flyers out that shows how old I am into letterboxes around my area, pick up a few clients and do some study.
And five years later I ended up with a business and it was only when I divorced my first husband at age 33 that I took the opportunity to reassess and go, okay,
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