I want to start investing in 2024 (step-by-step guide)

Want to become a millionaire without winning the lottery?
Then listen up!
This episode is for anyone interested in investing in 2024. Kate & Owen take listeners through a whirlwind adventure covering what investing is, what to do before investing, what you can invest in and how to invest in it.
Want the resources? Head to the show notes: www.raskmedia.com.au/podcasts/australian-finance-podcast
📚 Enjoyed this episode? You'll love Kate's book, Buying Happiness, which you can order on Booktopia or Amazon.
~~ Resources you'll love ~~
Invest with Owen: bit.ly/R-invest
Mortgage Broking: bit.ly/broke-rask
Financial Planning: bit.ly/R-plan
Property Coaching: bit.ly/R-P-coach
100-point property checklist (PDF): bit.ly/prop-check
Accounting with Grey Space: bit.ly/3DG5lWS
Business Coaching: bit.ly/o-coach
Ask a question: bit.ly/3QtiY00
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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.
Access The Rask Group's Financial Services Guide (FSG): www.rask.com.a...

[@Knackers77]

Im 46, and only taking the plunge this year as a New years resolution. I've been wanting to do this for so long, even having accounts set up to do so. I've recently bought some Vanguard etfs and set up auto invest. I've also set up 2 kids accounts for my daughters 2, and 4. Planning to put $50 in each of theirs fortnightly. Hopefully they have a better start than me...

[@AshleyChloe]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[@keithfletcheer2156]

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

[@TaiwoAyomide-pc2gt]

iThink the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

[@damianforsyth39]

This should be shown and taught in schools it's so important for young people to realise the value in financial freedom and not be tied to bad debt.

[@kp-dr7tt]

Putting extra money into your superannuation

[@kharamsimms1338]

Just listening from the us i want to say you guys are amazing

[@breebakermentalhealth]

thank you from the bottom of my financially illiterate heart - you guys are awesome

[@nooralichangezi3437]

😂 same feelings bro

[@dwaynedavies2001]

So I wanna buy vas which is well over $300 I want to get that and maybe one other Australian etf. Do I then have to pick it coming out monthly after that as in implementing atleast $100/500 monthly and not pick the one time payment option, Thankyou just wondering which option I’m meant to be picking as it says when I’m going to buy it says one time payment and not sure if I click that and I won’t be able to add more money to it monthly.

[@dewifatmawati]

Thank you for sharing with us. The video is straightforward, easy to understand and practical for someone like me who wants to start in investing

[@preciousoha]

How do we use your services, I want to consult

[@HelSpe-gq2jk]

Love watching your videos and so interesting. As someone nearing retirement age and late investor. This has been very helpful.

[@hooous5100]

commsec requires $500 minimum first time investing, is there a way to avoid

[@johnnyblaze373]

Use another platform. Maybe cmc markets?

[@taringaturi6950]

try Stake or Pearler

[@newmeutube1]

Cheers for sharing this awesome video. I’ve been very interested into investing.

[@windbagger9524]

Dem 482 dolled nvidia shares at 36:24 😢

[@nooralichangezi3437]

What’s the best platform to start

[@gracieharrower6111]

this is was great!

[@actualfacts1055]

Don't pay big brokerage fees to stock brokers for bad advice, do your own research and use a low cost online stock broker.

[@Shak1800]

Any recommendations on online stock brokers?

[@actualfacts1055]

​@@Shak1800 This is not advice but Commsec while Selfwealth has even lower fees.

[@actualfacts1055]

​@@Shak1800 Looks like I am not allowed to make recommendations but look on Google for online brokers with low fees.

[@chookscratch]

@@Shak1800 cmc markets

[@sharndawg007]

Love the Super millionaire comment! ❤ Budgeting took a while to get comfortable with but I found having separate accounts for each cash spending category (e.g. a separate account for groceries, separate account for bills, petrol and transport (bus/train fares) and paying myself a spending allowance into a separate account) helps to stay on track. The other thing I have done is set aside money in a short term expenses account for car expenses (rego and insurance) or funds for Christmas and my daughter’s expenses (birthdays, school fees or clothing etc that she needs throughout the year). I was fortunate enough to live next to an accountant in my early 20s who gave me one piece of great advice that I have stuck with and that is to work out the average cost of your bills per pay cycle and pay that amount towards each bill when you get paid. That way, when the bill arrives, your bill is already paid.

[@kjo68]

think XRP investment, thank me later

[@johnnyblaze373]

How much later

[@Shak1800]

XRP Been an underperformer since the high in the 2017 bull run