How You Take Control Of Your Financial Future
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What are the initial steps to take control of your financial future?
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 rask. That's perla.com slash lp slash rask.
Welcome to the Australian Finance Podcast, a podcast for people who want to learn more about their personal finances and get the most from their money. This series is hosted by Kate Campbell from HowToMoney and Owen Raskovich from Rask Finance.
The Australian Finance Podcast is provided for educational purposes only. The information is general in nature and does not take into account your needs, goals or objectives. What that means is the information does not apply to you specifically. So consider getting the advice of a licensed and trusted professional before acting on the information. Kate, welcome to the next episode of the Australian Finance Podcast. Hi, Owen. Good to be back. Wonderful. It's a great topic for this episode. We're taking control of your financial future. Yeah, and this episode was actually built off a question we received a few weeks ago from a listener. And they were pretty much, they've listened to our basics episode. They've sorted out their debt.
They've sorted out their emergency fund. They've kind of got their basics under control. But they're pretty time poor, so they don't have time to read 101 books like we have done. and search Google for the best information and spend time researching stocks. So they have sent us this question. Now, they don't have a regular income and it fluctuates significantly. And they've heard us speak about a whole range of different things on the podcast in terms of investing. So they're not really sure where to start and they don't really have anyone around them to ask. Yeah, and which would be perfectly normal. Pretty common. Yeah. There's a lot of people out there that won't have some finance guru in their living room or someone that's really interested in this sort of stuff.
Yeah, so the question was really a step-by-step guide for new beginners to start out and take control of their financial future without paying half the farm away in fees. Yeah, great. Okay, so before we get to some strategies and some sort of building blocks and taking those next steps, I think I've been sucked in to do a checklist again. Yes, Owen's just a great checklist creator. I am. Let's not get ahead of ourselves, actually. Because it's recorded and we'll have to do it and it will be in the show notes. Yes. So we'll do a checklist, which would be like this kind of like money checklist, money and investing checklist. So things that you can go through just a simple A4 page. Print it out. When you're getting started, go through each thing and make sure you haven't forgotten anything.
Yep. Cool. And we're just going to effectively run over what would be on that checklist right now.
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