Episode 2:

Emma Kirk is a Key Account Manager for Magellan Financial Group – with over 25 years in the financial sector and one of the most recognisable faces in Australian finance. In our episode today, Emma helps us navigate the world of investing by explaining asset classes as different forms of cardio.
SHOW NOTES:

Books:

  • Big Fat Myths by Ruben Meerman
  • One Up on Wall Street & Learn to Earn by Peter Lynch
  • Nudge by Richard Thaler

Online Yale courses: Coursera

Spend less, earn more

  • Three buckets of spending: 1. Essential fixed costs (mortgage, school fees, car payment) 2. Essential expenses – variable (groceries, electricity, gas) 3. Discretionary – extras and luxuries
  • 2 ways to earn more money – upskill or educate yourself so you can earn more in your job OR invest money and earn returns.

Asset classes to exercise analogy:

  • Cash = walking
  • Fixed income/Bonds = Slow jog
  • Property = Running
  • Australian shares = Spin class
  • Global shares = High intensity training

As you move further up the return spectrum, the risk increases.


Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.

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