Financially Literate

Lately, I have been doing some adult learning (imo). I have been trying to learn more about money through various podcasts on money. AND BOY is there a lot of things I don’t know… As a young one, I have never been that interested in money and my parents did not teach me much about it, except that it was precious and we didn’t have much. *sad face*

What even is Super?? How does it even work??

Through the last year and a bit, I have encountered terms like Salary Sacrifice, Life Insurance, Bonds, ETFS, mortage brokers, credit scores, and Stocks. I think I’ve grown up a bit now that I have become interested in money, or should I say in the fancy adult word, finance.

Studying in the health sector for 5 years has allowed me to become health literate, maybe a bit too much (those wrong self-diagnoses LOL). I did not understand why some people had poor health literacy and make such bad health decisions (every 1st generation child of a migrant would understand). I have always thought that was sufficient enough to keep me healthy and sustain me through life. However, I have only just realised I am seriously financially illiterate (and many of my friends are too)! I have never really did any check up on my money and just thought putting in the bank and getting a little interest was enough to sustain me for life. LOL.

I have realised, that if you want to look after your finances well, you need to take some time and think about what your saving goals you are aiming for and to make a budget (of some sort). You need to think about where you want to invest your money, because leaving it in the bank, while it is safe, it typically has low interest rates, and hence low returns.

Your super fund is basically your retirement fund, as a young kid in my first job, I always scowled at how money from my pay went into this “SUPER” fund that I couldn’t access until I was like 67. BLEH. What if I didn’t even live to that ripe age? Gimme my money now! Is what I probably thought. But, when I am old and wrinkly, and when I get to receive that money in my fund, hopefully I will be able to thank my younger self for working so damn hard for all those years to build a better retirement future. I don’t really know how supers work, but in my limited understanding I think they use your money and a good company hopefully will use it to invest and grow the super. However, for those with multiple super accounts, they might be paying a whole bunch of fees that they are unaware of.

There is still much to learn about money and finance and surprisingly, it is becoming more interesting and appealing to learn about money. $$

I ask my self, Have I stepped another step towards this holy adulthood? As I sit on a chair wearing my snoopy PJs and thinking about how it would be great to not go to work tomorrow. *Sad face*

#6 How to get rich or die trying

Do you want to get rich and famous easily? Here are some tips and tricks to get yourself known and famous !

I have a confession to make, when I see someone I knew from high school or primary school that is now rolling in $$ and success…I do feel a tinge of jealousy and a teeny weeny bit of envy! How did they have the idea to create that website or app?? How did they know to invest in Bitcoin 10 years ago?! Why didn’t I think of that!

I am not sure how many people are like me..? But anyways…I have examined some of the common ways that I know people have become successful and how you (maybe) can try and mimic them! Just a disclaimer* These ideas are not full proof! I can’t promise you that it will get you $$, famous or successful…nothing in life is easy! It will require a sacrifice of time, money and is risky and it will take a lot of hard work!

  1. Make yourself internet famous! This is a popular way to get popular these days! Maybe you could start making videos on youtube and maybe one day they will go viral (or not)! There are some famous singers, such as Justin Bieber who were discovered on Youtube! It is like an online virtual stage! You can either be judged as really bad and get boo’ed off that stage..or it could doors being open to you…! Other notable famous Youtubers include Pewdie Pie, Niga Higa, and Wengie! Many of these YouTubers have branched outside Youtube, some have started singing (Wengie) and Niga Higa has gone on to star in some movies! It is also a useful way to sell merchandise or other side projects which can help make you $$. Also, I want to mention on Youtube, not only can you get money from the ads which viewers may interact with on your site, but you can also get it from sponsors who want you to feature products on your videos.
  2. Know how to invest in shares in the stock market, into foreign exchange or into Cyber Currency! I do none of the above, but I do have some friends who are pretty good at this! I have friends who regularly monitor the Stock exchange and do lots of research into different companies which are up and rising and have the potential to be worth a lot in a few years! Apparently, some of my friends say this is like gambling though…There is a risk that your investment may lose you  money in the long run, however a friend who has done quite well has been able to buy a house @_@. Apparently health is a good industry to invest in, especially hospitals -because this is something that is always going to be in demand. My great grandmother that used to live in Hong Kong but is now deceased (RIP) was known to be really good at checking the exchange rates for different currencies and purchasing money when it was at a good low price then selling it when the demand for it went higher! She was able to live comfortably in a nice apartment in HK by doing this and sustaining herself and her children. Pretty smart! I have a few internet geek friends who are good with cyber currency…They know what to invest in and how to make a lot of money from crypto currency…While I do possess a milli-bitcoin my friend gave to me as a gift..aside from that I have been too scared to invest in any online currency myself…It is quite risky, but that’s why people are able to get rich! Because they were willing to take the risk. All I can say is that I don’t advise you to put your life savings into it..have a backup plan and make sure you have done your research thoroughly before investing. The last thing you want to do is accidentally give all your money to a fake dealer and get nothing..! Also, this way requires a lot of time too, daily you probably will have to regularly check the way your currency is doing, to find good times to buy and sell.
  3. Write a good book- we all have heard of J.K Rowling and how she shot to fame with her Harry Potter series!!! This one requires some skills in writing and having creative ideas or topics to write about! I am not an author myself, so I am not sure how you get started… I assume you send your book or manuscript to prospective publishers who you then have to convince to publish your book. I have read that, depending on how much you Publisher thinks you will succeed is the amount of money and time they will put in promoting your book…so Yeah this may require a lot of self-promoting yourself through your own social media sites or other platforms…maybe through your FB group or Podcasts?
  4. Become a Radio Host or Podcaster! Not sure how to do this either..but we have heard of really popular radio hosts, such as Hamish and Andy in Australia! They are just so funny! They have decided to stop being on the radio now and have moved to Podcasts! But yeah they are just so funny, creative and original – so much so the fans of their show will follow them no matter where they go. Comedy Podcasts aren’t the only successful one, another Podcast I follow is ‘No Such Thing as a Fish’ -which is a weekly podcast that discusses four facts that the hosts have thought was interesting throughout the week. Not only is it educational, it is also funny and entertaining. This avenue requires you to be witty, quick on your feet and have an interesting or unique voice! No one likes a monotone voice (usually)!
  5. Start a useful niche application or website! Names that come to mind is the PayPal Website, eBay,  Facebook, Instagram, Google, Amazon or Spotify.  The creators of these websites are really really well off…They are successful for filling a niche or creating something unique that others haven’t done yet. Other people that have been successful with phone apps, is Kayla Itsines ( we went to the same primary school apparently ) who started a fitness app that people could subscribe to. This app includes fitness workouts people can do at the gym. It was a niche at that time and now she is making millions (apparently).
  6. Create a successful drink or restaurant! Has anyone heard of Boost Juice? It actually started off in King William Street in Adelaide, South Australia! Now I’ve seen it around the world in Singapore and Malaysia! It all started with the creator, Janine Ellis doing something that others hadn’t done….making health(ier) option for drinks asides from soft drinks and beers. So yeah! She’s a good example of a drink entrepreneur. Who hasn’t heard of KFC? Some may know the story of how Colonel Sanders first established his now well-known fast-food chain. It is actually a really inspiring type of story of someone going from rags to riches. In a nutshell, after numerous failed attempts at making a successful living, at an old age- he finally found his pot of gold at the end of the rainbow…or should I say the pot of Kentucky Fried Chicken?
  7. Discover a life-saving or create a blockbuster drug! This is no easy process and not all of us are scientists or pharmacists. Well, I can say, those who created the best selling drug- a cholesterol-lowering drug is very very rich. It is used all over the word to lower cholesterol and has lead to people living longer. Discovering new antibiotics is a good way to make money, the only problem is that it takes a very long time from discovery to actually being able to legally sell the drug and hence it takes a very long time for you to finally make money. A lot of money is also needed to invest in clinical trials and drug trials before it can even be marketed to humans. If you want to know a bit more about the process, feel free to email me.
  8. Invent something that everyone needs or everyone uses. I.e. The toilet! The sink! Sanitary tampons or pads! These are just some household things that most people in the first world country use and that each girl may have. Just think of things you can’t live without, laptop, Microsoft, pens, pencils, bras, underwears, toilet paper mirrors ! Etc..and then you have something that people will continue to buy and you will forever make money off until some other new invention removes the need for it.
  9. Study a course that leads to a really high paying and stable job. Some that come to mind are doctors, dentists, optometrists, engineers and university professors. This is probably a very Asian way of thinking…while this may lead to a good income, if you don’t personally like the occupation, I wouldn’t recommend it. In my opinion, it is better for you and your clients/patients to do something you are passionate about.
  10. Get married into a royal family! This one is very hard to do….I mean it’s not every day that Prince Charming is sitting at the bar that you frequently go to… But yeah, If you are lucky enough to marry a Prince, I am pretty sure you are set for life! As long as the monarchy doesn’t die or go bankrupt or you get a divorce…then you are set for life and can have more corgis than the current queen!

    Those are my 10 tips for getting famous and rich! 

    Do you have anything to add?

    Leave your comments below and I will add them to the list!

    Thanks for reading and see you next week!

 

#4 How to save money when you have no money!

How to save money when you do not have money! Some hacks, tips and advice on making the most of the money you have!

How to save money when you have no money! These are tips that I use myself, plan to use and that my friends are already using!

How to save money on food as Uni Student (not recommended for those trying to lose weight or be healthy)  Have instant noodles for dinner or other instant foods or frozen meals. For those who find cooking two-minute noodles too hard, buying one take away meal a day and eating it over three meals ( or two if you skip breakfast). Save those discount food coupons on the backs of receipts or ask your friends for vouchers they don’t want. Also be the bold one that asks if anyone wants to take away the rest of the food, if no one else wants it, take it-it is basically free food for your next meal. Learn to cook yourself and meal plan! This is more healthy and also stops you from being tempted to eat out after a long day at work or Uni..

Do Volunteer at events… you don’t get paid.. but usually, some sort of food or free stuff is given! I got free Weetbix, banana and a pretty awesome shirt for volunteering once. ⁃ Help people out ( out of love), sometimes they might shout you, but don’t expect it though Also learn to grow your own vegetables and fruits, there are plenty of videos on Youtube that teach you to grow food from the groceries you buy ⁃ Grow your own meat!! Jokes.. but yeah chickens do lay eggs and goldfish die..

Save money on the non-essentials! Find free parks in the city no matter how far you have to walk! Its good exercise and saves $$$ and pressure from finding short parks nearby and decreases the risk of getting a parking ticket.

On the topic of exercise…If you like doing classes like Zumba then join a gym! It actually works out cheaper ( if you go regularly) and most gyms now offer 24/7 access to members. It is basically it is like a second house you can access anytime… My gym is conveniently located in the middle of the city and has showers, toilet, and a small kitchen area. So you can basically live there if u want! They also provide free breakfast.. if cereal is your thing… You can also fill your bottle and get free wifi!\  The gym is also a good place to practice dance moves because there are a lot of mirrors around  ..It is handy for checking yourself out if you don’t have a full-length mirror at home.

Bulk buy stuff and compare prices before buying stuff you know you will use! For example, toothbrushes, buy big bottles of conditioner and shampoo, toothpaste or contact solutions etc. If you have a Costco membership, or even better you piggyback someone else who is going there anyway and had membership.. buy heaps of things you know you will use eventually! If you don’t have a friend with Costco membership, before going groceries or shopping of any kind, gather all the latest catalogs and compare the prices of the stuff you need and write down where to get therefrom. ⁃

Always carry in your wallet cash, metro cards, plastic bags, student ID and loyalty cards! You don’t wanna be caught paying a surcharge for placed with a minimum on epftos. I tend to keep track of my money better when I see cash decrease in my wallet… more than in my bank account. It is always good to have your cards on you, in case you have memberships giving you discounts at particular shops and who wants to get caught out paying full price for a bus or movie tickets? Some places in Australia are charging for plastic bags when shopping, so unless you are really good at carrying 50 things with your hands to your car, bring reusable bags with you when shopping (or waste another 10 cents buying another one 😦 )

Don’t buy new stuff if you can help it.. i.e go online and see if people are selling used stuff you want online.. certain things don’t necessarily need to be new to be used.. i.e cars (better from a trusted dealer), books ( as long as they didn’t graffiti it) and I personally don’t mind good quality second-hand clothes! Always wash it before wear tho! Second-hand bags and furniture can also be a good buy.I wouldn’t buy used makeup, sanitary stuff, expired food or underwears tho .. or bedding. I will let you in on a secret, half my wardrobe are handed down to me from my older sister or bought from second- stores :O  It is not only good for the environment, but you get an awesome range of clothes!

Make use of the internet! Use apps or websites like Motor Mouth to find the cheapest places selling petrol around you. ⁃ If buying technology stuff and office works sell it, bring evidence of it being cheaper online and show them ( incl. shopping) and they will match it and even better give you 10% off on top! ⁃ Buy generics if it’s not something super important and risky. I bought a generic ink for my hp printer, works fine and is like half the price! I personally don’t use generics for my prescription medications, but if you aren’t picky like me, generics should work the same as the original.

Learn to DIY if possible! For example, learn to dye your own hair, cut your fringe or make your own clothes etc. This can help recycle things and think of new uses for things before tossing or donating them. For example, old t-shirts can be used as hair towels or be made into a pillow-case or a teddy bear etc.  Keep all your unused plastic bags and use them as rubbish bin liners instead of buying bin liners. Use cardboard boxes for storing stuff or as a small table…

Be stingy! Take cutlery and extra serviettes when eating out…I also take extra wasabi and ginger at sushi train (  I am bad asss) ⁃ Get as many free samples of stuff as u can! Not only do u get to try cool stuff… it saves u money on actually gettinm to try before u buy! ⁃ My friend told me this one.. apparently ASOS an online clothing store allows free returns of items at no cost before a certain period as long as the product is in good condition and price tag and everything is kept.. so what my friend did was buy a dress for her dental ball and then returned it the next day.. free of charge gg #lifehacks

⁃ Ask for free advice from shopkeepers and pharmacists...  It is free health and fashion advice! Say yes to free makeovers and perfume samples!!  Go to free expos, CPD training ( for health professionals) because there are free food and education!

Gaining some spare change: Recycle plastic bottles and get rewarded with 10 cents! If you got heaps of time… fill out surveys and stuff and win or get free stuff ⁃ Do paid experiments… I personally dont fo any medical ones.. coz I hate blood tests and risking my life.. but I take part in economic experiements, which are pretty fun and they reimburse you a small amount for your time in money!

Hacks that can save some money! Wait until “happy hour” or near closing time of a food court and go buy cheap food that is on sale (usually)! Go to grand openings and special events to get cheap or free food/stuff.  Become a foodblogger and get your food for freeeee! This happens when you are a bit more well-known in the industry, those food places value your honest feedback and it gives them free exposure and advertisement of their restaurant.  Remember to bring along your camera to take good photos of their food though! People eat with their eyes! *__*

Ask your friends for lifts carpool (helps save the environment and petrol $) make sure you return the favour too ⁃ See movies when its cheap tuesday! ⁃ If going overseas, dont buy tickets last minute.. buy early when there is a sale! This is not possible sometimes due to work commitments. Remember to utilise  what is free for all at workplaces, whether that is free coffee, milk or fruits! It is there for you to eat, so why not take some every day?

Get a rainwater tank and use it to water your plants! ⁃ Solar power is good too .. if u have money to invest ⁃ Health insurance is worth it..! Esp if you need glasses like me!! And i like to see a dentist every six months.. if u know the dentist, they might even bulk bill u! I.e no gap payment needed. ⁃ Prevention if health problems is better and less expensive than the cure.. i.e my ear and keloid ⁃ Look after yourstuff! Incase u need to sell it.. ⁃ Regift gifts that you will never use and that someone else might like! Only good quality and useful stuff ⁃ Share meals between friends

Grab free stuff from hotels, incl toiletries .. within reason ⁃ If it’s complimentary.. why not try free trials, but make sure you read the important parts of the terms and conditions and that you can easily unsubscribe at anytime.

Utilise the web: Do join Spotify families and net flix fams ⁃ Discount websites like Ozbargain,  Scoop on, Catch of the day, for a hotel .. booking.com.  Do research before buying something costly and do ask friends for their advice on where to find the cheapest of something!

 

I hope this helps you save a bit more money and stretches out your budget until payday!

 

I would love to hear of your own tips on saving money, as this list is not exhaustive, please leave a comment below!

On another note, I am editing my first video for my “How To Do With Joy” Channel! These videos will be on some of the same similar/same topics as those which are on this blog.

 

I will leave the link here and please like, subscribe and comment on my channel !

How to Do with Joy

See you soon!