The rise of Ladies Finance Club ft. Molly Benjamin
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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.
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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, Molly, thanks for taking some time to join me on the show. Thanks for having me, Owen. Yeah, Kate's away today. So it's just you and me. And we're going to talk a bit about the business that you built, the empire. And then we're going to talk about personal finance and some of the things that you've learned from your community and just in your journey overall, I figure a good place to start with, like people will know you. I know people, we have like shared community members and what have you from across the interwebs, but maybe for those that don't know about you or Ladies Finance Club, if you can tell us what it is, what the idea was.
And if you go back to like when it first started, I'm particularly interested in like the origin story, like how did it come to be?
Yeah, well, I'll give you what it is in a tweet. I'll make it a little bit longer. But pretty much I was living in London. The origin story is I was living in London. I was working in the financial services industry. So I was working for banks. And... I was like, I'm really bad with money. A lot of my girlfriends are really bad with money. A lot of the women I'm working with in the bank are bad with money. So who's good at this? And so what I ended up doing was I started running events in my living room with my girlfriends and was like, And I was like, should we start a book club? I was like, no, let's start a money club. Let's start an investment club because my dad always had one. And I thought, you know, why don't we have one?
And so I started running events in my living room with my girlfriends. They would come over and we would get someone who worked in finance to kind of break down a different area of finance for us. And kind of like it grew and grew.
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