Get Rich Slow Club

Opening a separate business account sounds simple until the money starts coming in. Suddenly you’re juggling tax, GST, payroll, profit, late invoices, interest and the uncomfortable reality that a healthy-looking balance may not actually be yours to spend.So what does a banking setup need to do once a side hustle starts becoming a real business?In this episode, Tash and Emma compare the banking setups they’ve built through the sole trader and company stages, including what went wrong when business and personal money were mixed. They also unpack tax buckets, cash buffers, paying yourself, business savings accounts and why revenue can look much better than the money you actually keep.In this episode we'll discuss:💸 How side hustle income can start feeling like “spare money this week” when it lands in your personal account, and what happens when tax barely enters the equation.🏦 How their banking systems evolved from one account to separate buckets for tax, GST and profit, and why a simpler setup can sometimes work once cash flow becomes more predictable.🧾 Why not all the money sitting in a business account is actually available to spend, even when the business itself is making a loss.💰 The trade-off between keeping business cash accessible and earning interest, including around $200,000 sitting inside Tash Invest and the Macquarie and NAB split used to make that cash work harder.📉 Why cash buffers matter when invoices arrive late or conditions change, and what businesses failing after only a short downturn can reveal about planning for the good times and the bad.📊 Why selling something for $100 and spending $30 to make it does not mean you’ve made $70 once tax, time, licences, insurance, software and other costs enter the picture.👩‍💼 Why $100,000 in business revenue is very different from a $100,000 salary once super, sick leave, annual leave and business expenses are stripped out.💳 How paying yourself gets trickier when income fluctuates, and why percentages or a base salary plus occasional top-ups can make the maths easier to manage.🧠 How dealing with $12,000 fortnightly payroll, four-figure business expenses and $6,000 pieces of work can quietly change what $2, $600 or $2,200 feels like in everyday life.The big takeaway? A business bank balance can tell you surprisingly little about how much money you actually have available. The useful setup is the one that makes tax, expenses, cash flow, profit and your own pay visible enough that you don’t mentally spend the same money twice. As the business changes, the banking system may need to change with it.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

Investing mistakes are easy to spot after the fact. An inverse ETF that moved the wrong way, $12,000 sitting idle for years, a tax decision with expensive knock-on effects, or shares that went from $70,000 to $5,000. But trying to avoid every possible mistake can create a problem of its own.So which investing mistakes are worth worrying about, and which ones are simply part of learning?In this episode, Tash and Ana unpack five investing mistakes they see people make, along with a few of their own. They look at waiting until you feel ready, misunderstanding how an investment is structured, buying things you don't really understand, expecting investing to feel comfortable and wanting long-term returns far too quickly.In this episode we'll discuss:📉 What happened after buying an inverse leveraged ETF during Covid, expecting markets to keep falling, only for the recovery to keep going.💸 How $12,000 ended up sitting in a near-zero-return account for years, and why opportunity cost can hurt even when you haven't technically lost money.🧾 How selling company shares in the wrong financial year had flow-on effects for tax, paid parental leave and childcare subsidies.🚲 Why waiting until you feel completely ready to invest can leave you stuck, even after you've read the books and watched the videos.🏦 The difference between investing through super, custodial platforms and CHESS-sponsored holdings, plus why trusts and SMSFs can create complexity of their own.🎮 How experiences with GameStop, crypto, day trading or individual shares can convince someone that all investing is far riskier than it actually is.📊 Why one company, one industry and one country carry a very different type of risk to a broadly diversified ETF, and why time horizon matters too.😬 What it feels like to invest a large lump sum, watch the portfolio immediately go backwards and resist the urge to keep checking the app.⏳ Why seven to ten years can feel very different from six months, and why dividends, market growth and the snowball effect rarely arrive on demand.The big takeaway? Investing mistakes don't all look like losing money. Sometimes it's waiting, misunderstanding the structure, taking more risk than you realised, or expecting a long-term investment to prove itself almost immediately. Making better decisions starts with understanding what you're doing, while accepting that some lessons only become obvious once you've actually started.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

Super is easy to ignore because you might not touch it for decades. But in this episode, one simple 30-year example turns a small difference in net returns into almost $400,000.So how much attention does your super actually deserve while retirement still feels far away?In this episode, Tash and Jack unpack why super can feel boring, distant and wildly complicated, even though it can shape a huge part of retirement. They compare super with investing in your own name, then get into tax, first-home rules, investment choices, fees, SMSFs and some easy-to-miss admin.In this episode we'll discuss:🧮 How their $100,000 example grows to roughly $1.15 million versus $760,000 over 30 years under two different net return assumptions.🔓 Why Tash preferred investing in her own name as a sole trader, including taking $10,000 out of super during Covid and investing it herself.🧾 The difference between salary sacrifice and topping up super yourself, including the notice of intent that can matter when claiming a tax deduction.🏠 How the First Home Super Saver conversation quickly gets complicated, from contribution limits to what happens if you change your property plans.📈 Why money locked away for decades raises a very different investment question from money you may need sooner.🏦 Whether some large super funds are becoming increasingly index-like, and why Jack questions paying higher fees if a portfolio closely follows a benchmark.💸 Why SMSFs can come with thousands of dollars in annual admin costs before you even get to the investments themselves.🧓 The surprise around people reaching retirement age while still holding large balances in accumulation phase, and why the distinction between accumulation and pension matters.🎰 A listener question involving $225,000 of NRL gambling winnings, gold, borrowing, trusts and a girlfriend they do not trust with the money.The big takeaway? Super can feel distant, inaccessible and full of rules, but those same features can make the details matter. The episode keeps returning to the trade-off between tax, access, fees, investment choices and flexibility. There is no single setup that suits everyone, but understanding what is happening inside your super can make the trade-offs much clearer.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

Running a business can involve a surprising number of apps, subscriptions and systems. But do you actually need a huge tech stack to get started?Tash and Emma run through the tools they use across content, podcasts, admin, payments, email, client work and planning. They also explain which features they actually find useful, and why the fanciest option is not always the best one.In this episode:💻 The tools Tash and Emma use to create social content, edit videos and build presentations🎙️ How they record, host and manage podcasts, including the different tools they have tried along the way📋 Why tools like Trello can help keep projects, partnerships, invoices and content moving without relying on your memory📅 How shared calendars, booking tools and video calls help them manage growing teams and busy schedules💳 The simple ways they use accounting and payment software to manage invoices, expenses and getting paid📧 What they have learned from using different email and newsletter platforms, and why switching tools is not always worth the effort🤖 How AI tools are starting to fit into their businesses, from research and writing support to meeting notes and client admin🧠 Why you probably do not need the perfect app, platform or system before you start, especially when most tools can be changed laterThe big takeaway? Your business tech stack does not need to be fancy. Start with tools that solve the problems you actually have, then add or change things as the business grows. Spending months comparing software can easily become another way to avoid doing the work that matters.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

What do you actually want from your money?It sounds like a simple question. But once you have spent years saving, investing and working towards a goal, the answer can get surprisingly complicated.In this episode, Tash and Ana get candid about the money decisions they are thinking through right now. From FIRE and business to family, career, travel and lifestyle creep, they unpack what happens when money gives you more options, but not necessarily more clarity.In this episode:🔥 Why getting closer to FIRE can make you question whether you still want to sprint towards the finish line💼 The pull between keeping a secure, flexible job and taking a bigger chance on your own business👨‍👩‍👧 How kids, parental leave and unpaid care can change the way you think about work, time and financial independence⏳ Why having the money to take a risk does not always make the decision easier🎯 How goals like FIRE, follower counts or career milestones can become numbers you chase without stopping to ask what comes next💸 Why Tash is thinking more carefully about spending as business income changes and responsibilities grow📈 How lifestyle creep can quietly raise the bar on how much money feels like “enough”🤝 Why shared financial goals can get more complicated when partners are at different stages of work and life🌏 Why building wealth is not only about reaching a number, but also about creating more freedom to use your time well🧠 Why even people who know the maths can still wrestle with fear, uncertainty and changing prioritiesThe big takeaway? Money can give you more choices, but that does not mean the right choice becomes obvious. At some point, the question can shift from “How much more do I need?” to “What do I actually want this money to let me do?” Your goals can change as your life changes, and revisiting the plan can be part of the process.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

Index funds are often sold on one big idea: diversification. But owning hundreds of companies does not always mean your money is spread as evenly as you think.Tash and Jack take a closer look at what can sit underneath a seemingly simple ETF. They unpack concentration risk, overlapping funds and the point where a “passive” portfolio can start looking surprisingly active.In this episode:📊 Why owning hundreds of companies does not automatically mean your portfolio is evenly diversified💻 How a small group of large US companies can make up a sizeable part of a market-cap weighted index🏦 Why Australian index funds can leave investors heavily exposed to banks and mining companies🧩 How owning several ETFs can create overlap rather than adding meaningful diversification🌏 Why a fund labelled “global” can still have a large exposure to the US market🎯 How adding thematic, sector or specialised ETFs can turn a passive strategy into a form of active portfolio management🔥 Why investors can be tempted to add an asset or sector after it has already had a strong run⚖️ The arguments for passive and active investing, including the role active investors play in setting market prices🗳️ What happens to shareholder voting power when large investment managers hold shares on behalf of millions of investors⏳ Why Tash and Jack keep coming back to a long-term approach rather than trying to predict the next winning sectorThe big takeaway? An index fund can make investing much simpler, but “diversified” does not always mean evenly spread. It is worth understanding what you actually own, where your biggest exposures sit and whether adding another fund genuinely adds something new. Sometimes a simple portfolio can already be doing more than enough.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

Lots of people want to start a business. Far fewer actually do it.Tash and Emma unpack what can keep an idea stuck in your head for years, from self-doubt and money worries to overthinking the perfect way to begin. They also share their very different approaches to getting started, and why both come back to the same idea: create some momentum.In this episode:🚀 Why talking about an idea can feel productive, even when you have not actually taken the first step🧠 How self-doubt, comparison and fears about a “saturated” market can quietly stop people from starting💰 Why some businesses need more money upfront, and how you may be able to test an idea before investing heavily📱 How creating content or building an audience can help you test demand, develop useful skills and learn what people actually want🧪 Why not every idea will work, and how trying something can still give you useful skills, data and clarity🏃 The two very different ways Tash and Emma create momentum, from taking one tiny step to building a larger project before launching⏰ How deadlines, accountability and giving yourself set “shifts” can make it easier to find time for a side project🙊 Why being selective about who you share a new idea with can help protect your confidence while it is still taking shapeThe big takeaway? You do not need to have every part of a business figured out before you begin. Start in a way that suits how your brain works. That might mean taking one tiny action today, or setting yourself a bigger project that forces you to follow through. Either way, doing something can teach you far more than thinking about doing it.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

Gold has been getting a lot more attention lately. But beyond the headlines, where can it actually fit in a long-term portfolio?Tash and Ana sit down with Jordan Eliseo from ABC Bullion to unpack how gold works as an investment, why people use it for diversification, and the different ways Australians can buy, store and sell it. They also look at how gold may fit differently for younger investors, parents and people approaching retirement.This episode is sponsored by ABC Bullion, check out their website here: https://www.abcbullion.com/In this episode:🥇 Why gold has traditionally been seen as a defensive asset, and why some investors also view it as a source of long-term growth🇦🇺 Why gold plays such a big role in Australia’s economy, from mining and refining to manufacturing📈 What can drive the gold price, including supply, demand, scarcity and investor sentiment💰 The different ways to invest in gold, including physical bars and coins, pooled products and gold ETFs👶 How some parents and grandparents use gold as a way to teach kids about saving, investing and building wealth🏦 The trade-offs between storing gold yourself, using a vault or investing through a pooled structure🧓 Why gold can become more appealing to some investors as they get closer to retirement and start thinking more about diversification and capital preservation⚖️ Why gold can still come with risks, costs and tax considerations, and why it is worth understanding how it fits alongside other assets rather than treating it as an all-or-nothing investmentThe big takeaway? Gold can play a useful role in a diversified portfolio, but it is not a magic solution. Like any investment, it comes with trade-offs. The key is understanding why you are holding it, how you plan to access it, and how it fits with the rest of your long-term strategy.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Tash Invests Pty Ltd is a Corporate Authorised Representative 1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.

Is Australian property still the wealth-building machine it’s often made out to be? Or have some of the forces that drove its huge run over the past few decades started to run out of steam?Tash chats with new co-host Jack Tossol, a former financial planner and content creator, about the case for and against property. They unpack affordability, leverage, diversification, rentvesting, private equity and why buying a home can be as much an emotional decision as a financial one.In this episode:🏠 Why Jack thinks some of the tailwinds behind Australia’s property boom, including falling interest rates and rising workforce participation, may be harder to repeat🏠 Why property doesn’t necessarily need to crash to disappoint investors, and how long periods of flat prices can matter too🏠 The trade-offs that come with property, including debt, maintenance costs, illiquidity and having a large amount of wealth tied to one asset🏠 Why Jack prefers rentvesting for now, and how renting can offer more flexibility if work or life takes you somewhere new🏠 How leverage can make property powerful, while also magnifying the consequences if things don’t go to plan🏠 Why Tash and Jack are cautious about treating buyers’ agents, mortgage brokers or social media personalities as automatically qualified sources of property advice🏠 How Australia’s focus on housing compares with other ways of building wealth, including shares, businesses and private equity🏠 What Jack would consider if he had $50,000 to invest, and why your borrowing capacity, goals, time frame and appetite for risk matter more than following a blanket “property versus shares” ruleThe big takeaway? Property can still play a role in building wealth, but it isn’t the only option and it isn’t automatically the best one. Before taking on a large loan, it’s worth understanding the costs, risks and alternatives — and making sure the decision fits the life you actually want.Case Study Form@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverDisclaimer:Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Tash Invests Pty Ltd is a Corporate Authorised Representative 1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.