A young woman has revealed how she managed to increase an astronomical net worth of $513,500 at the age of 26.
Natasha Etschmann, known as Tash invests online, he has always been interested in investing and began dabbling in the stock market at age 18, but started taking it seriously at age 21.
Over the past five years, his portfolio has gone from strength to strength thanks to his smart decisions and frequent investments.
Just three years ago, Tash’s net worth was $141,000; The biggest contributor was her two-bedroom apartment she bought in Perth in 2020.
To save the deposit, he went to college part-time so he could work multiple jobs. He worked full days since he finished high school and tracked everything you spent to make sure you met your savings goals.
Podcast host Natasha Etschmann is halfway to becoming a millionaire and has a net worth of $513,500 at the age of 26. The figure is calculated by calculating her assets minus her liabilities.
He also opts for the “put it and forget it” rule when investing his money in the stock market and has more than $131,000 there. So far it has grown by $20,000.
Tash told FEMAIL that investing doesn’t have to be difficult or scary; It’s quite the opposite.
“My biggest fear when I started was what to invest in. When I started researching, everything seemed simple, but no one was talking about it, so I thought there was a problem,” he said.
Net worth is calculated by adding your assets minus your liabilities. In this case, Tash’s assets include the value of her apartment, stocks, retirement, cash, car, and cryptocurrency, which total $741,500.
The largest contributor to his net worth is his property in Perth, which he purchased in 2020 for $295,000 and has now increased in value by $100,000.
Your liabilities include your HECS debt ($18,000) and your mortgage ($210,000).
Tash, host of the Get Rich Slow Club podcast, bought her apartment for $295,000 with a $52,000 deposit and the property has increased in value by $100,000.
He bought it to live in, but it is now an investment property as he lives in Canberra and it does not cause him any financial stress as he bought it within his means.
If you wish, you can use the mortgage principal to purchase another property, which you plan to do next year.
Invest in a broad index exchange-traded fund (ETF) that consists of a basket of companies rather than individual stocks to reduce risk.
“I wanted to simplify everything and make it easy to manage, so I picked one and set up automatic investing,” he said.
Tash also has over $131,000 invested in the stock market and has grown by $20,000 so far.
Invests in a broad index exchange-traded fund (ETF) consisting of a basket of companies to reduce risk rather than individual stocks. “I wanted to simplify everything and make it easy to manage, so I picked one and set up automatic investing,” Tash said.
When she began her investing journey, Tash liked the idea of the FIRE (Financial Independence, Retire Early) strategy.
But now that she is self-employed, Tash would prefer to continue investing and increase her financial security.
Before podcasting and creating content, Tash worked as an occupational therapist and disability support worker, where she was able to pick up extra shifts to earn more.
“I was able to work long hours as a disability support worker because the demand is so high,” she said.
Before Covid, she earned $130,000, then her occupational therapy job earned a base salary of $80,000, while the support worker’s salary varied.
Now he can make more money working for himself, but he knows he can return to his old career if necessary.
He currently invests $1000 every few weeks and previously invested $750.
Tash bought the apartment with a $52,000 deposit plus an additional $10,000 from the first home buyer grant, raising the deposit to the recommended 20 per cent mark.
The property has grown by $100,000 and is now an investment as Tash now lives in Canberra.
Tash said often the hardest part is deciding what to invest in, but Google has been her most powerful tool when it comes to research.
He also advocates investing a portion of your savings in the stock market to create a source of passive income, which is taxed at a much lower rate compared to earned income.
However, he acknowledged that not everyone will have money to invest. In fact, almost one in two Australians have less than $1,000 in the bank during a cost of living crisis.
Finder, a financial products comparison group, found 45 per cent of consumers had less than $1,000 saved, according to a large sample survey of 3,214 Australians from January to March.
Financial anxiety is worsening, even though unemployment in February fell again to 3.7 percent, below January’s two-year high of 4.1 percent, as 116,500 new jobs were created. job.
Use the username @tashinvests to help others who are considering investing but don’t know where to start.
As expected, Tash is not stressed about her finances and is proud of what she has accomplished at such a young age.
“I know how to invest, my mortgage is affordable and I continue to save,” he said.
‘When I moved house I felt good, but now I know I’m in control. While I work for myself, I can now turn to OT work if necessary.’
Previously, Tash told FEMAIL: ‘I’m often asked why I like to save and invest and why I worry so much about money, but I’m not obsessed with money; I am obsessed with the freedom that comes with having financial security.
“The freedom that allows you to work less, travel the world, and make life decisions based on what you want to do, not what you need to do to survive.”
To help others who are considering investing but don’t know where to start, Tash shares her knowledge with thousands of people on TikTok and Instagram under the username @tashinvests.
He will also publish his first book, ‘How Not to Work Forever’, on June 26, which is a ‘guide to investing in Australia’.