Buying back your time, financial freedom & lifestyle design with Strong Money Australia
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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. Hey, Dave. Thanks for taking some time to join me on the podcast. No worries, man. Thanks for having me. Where are you joining us from? I'm in Melbourne. Where are you? I'm in Perth. Perth, okay. Looks like we've got a pretty good internet connection. So hopefully it hangs with us the whole time. But it's a super special day for us because I know you've got the book coming out. We're recording this ahead of the launch, but this episode will probably air after that, which is super exciting, mate, like a culmination of all your blogging, podcasting over the years.
And I, for one, find your story to be very inspiring. Like the book, reading the book, your blog posts, and just the general demeanor when it comes to personal finance and investing is just refreshing. So I think this conversation is going to be a lot of fun for people that are interested in like how to design your lifestyle, how to save, how to balance life with work and finance and everything that comes with that. But maybe just to set the scene, can you just explain like a quick overview of what FIRE means?
Sure. So I suppose everyone would have heard of the acronym by now.
Yeah.
So FIRE stands for Financial Independence Retire Early. And essentially, it's turned into somewhat of a movement, I suppose, where a large group of people, typically young people, but not always, are deciding to use their money differently. And instead of spending it all, as soon as they get it, they're deciding to save and invest for the future. And in doing so, over time, building up a portfolio of investments, building up wealth and building up some passive income so that they can start gaining more control over their life and have more freedom as a result of that.
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