Renee's Story: Moving countries, paying off debt and increasing your income
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What inspired Renee to move to Australia for financial growth?
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.
How did Renee's financial situation change after moving?
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. Thanks for tuning in to today's podcast. Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information.
And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website.
What steps did Renee take to pay off her debt?
Lastly, please keep in mind that past performance is not indicative of future performance.
Today's episode is part of our financial resilience mission here at RASC Australia.
Our mission at RASC is to help build up the financial resilience of every Australian and Kiwi. And to do that, we need your help. The definition of resilience, according to the Merriam-Webster Dictionary, is the capability of a strained body to recover its size and shape after deformation caused especially by compressive stress or an ability to recover from or adjust easily to misfortune or change.
So how does that relate to financial resilience? Financial resilience is all about having the resources and tools that you need to overcome financial setbacks in your life. So what are we doing to achieve this mission?
We provide free financial education courses for all Australians at RESC Education.
We're also calling on Aussies and Kiwis who have overcome financial challenges and want to inspire others on their journey.
How did Renee's income change after relocating?
If you've paid down 20k of debt, or maybe even more, or if you've come back from unemployment, dealt with domestic and financial abuse, even if you've made a million dollars, whatever your financial Everest was or is, we want to hear how you climbed it and how you overcame it. We're also producing high quality financial news and information on our sites at RAS Media, Best ETFs and RAS Education.
We're running an online community that you can join for everyone to share their financial highs and lows with each other because we know how important it is to have a community when you're trying to improve your own personal finances.
We're hosting events, or we've hosted events, and we plan to host a lot more, as well as workshops that will help you build your financial skills and connections in the community.
And we're also employing individuals at Rask Australia who live by our values and are committed to improving the financial lives of others.
So what can you do to help us with this mission? The first thing you can do is volunteer to share your story of overcoming financial challenges and building financial resilience.
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Chapters
8 chapters
1
What inspired Renee to move to Australia for financial growth?
0:00–0:57
2
How did Renee's financial situation change after moving?
0:57–1:51
3
What steps did Renee take to pay off her debt?
1:51–2:56
4
How did Renee's income change after relocating?
2:56–4:14
5
What strategies did Renee use to manage her finances effectively?
4:14–5:23
6
How did Renee and her partner approach their financial goals together?
5:23–6:07
7
What sacrifices did Renee make during her debt repayment journey?
6:07–7:05
8
What resources did Renee find helpful for financial education?
7:05–31:44
Speakers
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