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Unlike days gone by, no truly savvy Aussie gal waits for a knight in shining armour to come and whisk her away. Yep, harsh, but true. Sure, we would all love a debonair millionaire to just rock up at the next party but sometimes life simply doesn’t happen like a Melrose Place episode!

The reality is, whether you are rich, poor, or in between, the person that you are going to have to rely on the most to keep you from the poor-house is yourself. Don’t panic though all it takes is some dedication and planning, a little creativity and some street smarts.

Here are 6 easy tips to get you on your way.

  1. Get together a Budget and Spending Plan

    By establishing a budget, you are taking a major step to identify untapped resources that can be directed to new investments. Until you feel that you have a true handle on spending , ask yourself, do I need this or do I want it?

  2. Pay Yourself First

    You need to work out the amount of money you need to have in your nest egg, before you start investing. Work out what you need each month if a “worse case” scenario occurs. You can do this by multiplying your net income by three or having about two months worth of ’emergency funds’ saved. The excess can then be safely used for investments.

  3. Get Started Today

    With an understanding of money management and investing, you can set financial goals and create a strategy to meet those goals.

  4. Get Professional Financial Advice

    Preparation and planning is the key to reach your financial goals. The sooner you start planning, the more thankful you will be further down the track.

  5. Be Your Own Money Expert

    Most of us kind of glaze over when it comes to money talk, simply because we don’t speak or understand the jargon of the economists or financial community. Why not demystify the jargon and educate yourself? Dip into the online money sites or start with The Money Book, by Annette Sampson for a good all round introduction. Or read the all time classic, The Richest Man in Babylon, for a truly inspirational kick-start.

  6. Funds: The Basics

    For busy women who haven’t the time or skill to study and pick their own stocks or property investments, mutual funds offer professional management and ease of mind.