Podcast Summary
Revolutionizing Investment Dashboard with Sharesight: Sharesight offers a comprehensive investment dashboard with support for over 500,000 stocks, ETFs, and funds, integration with over 200 platforms, and features like analyzed reports, dividend gains, and currency fluctuations. Listeners can get a 4-month discount on an annual premium plan to share their portfolio with others.
Sharesight, a new investment dashboard, is revolutionizing the way investors manage their portfolios. With support for over 500,000 stocks, ETFs, and funds, and integration with over 200 platforms, Sharesight offers a comprehensive view of financial performance, including analyzed reports, dividend gains, and currency fluctuations. Additionally, Sharesight is offering a special deal for those who want to share their portfolio with friends or family - a 4-month discount on an annual premium plan. The hosts of Girls That Invest, Simon and Sonia, are also challenging listeners to adopt a "low buy year" to save money and reduce consumption. In the midst of this discussion, Simon brought up a longstanding debate between him and Sonia - the use of retinol in one's early to mid twenties. To settle the debate, he conducted a poll on the Girls That Invest Instagram page, and the results showed that a majority of respondents believed retinol was beneficial in that age range.
Prioritizing Skincare Needs and Retinol Use: Ensure skin is hydrated before using retinol, consider your skin's unique needs, start with lower concentrations, and consult professionals for advice.
When it comes to skincare, it's important to prioritize the needs of your skin based on its current condition. While retinol can be an effective ingredient for addressing various skin concerns, it may not be suitable for everyone, especially those with very dry skin. It's crucial to ensure that your skin is well-hydrated before introducing retinol into your routine. Additionally, starting early with retinol is not always necessary, as other skin issues may require more attention during your early or mid-twenties. Furthermore, the concentration of retinol in your skincare product and the amount you apply should be carefully considered to avoid irritation. Lastly, it's essential to remember that everyone's skin is unique, and what works for one person may not work for another. It's always a good idea to do thorough research and consult with a dermatologist or skincare professional before making significant changes to your skincare routine.
Two approaches to managing personal finances: Low buy year vs No spend year: People choose low buy year or no spend year to accelerate financial goals by focusing on priorities and cutting non-essential spending
A low buy year and a no spend year are two different approaches to managing personal finances. A no spend year involves cutting out all non-essential spending, while a low buy year allows for some shopping with specific rules. The primary reason people choose to do this is to accelerate financial goals, such as paying off debt or saving for a house deposit. It's not about suffering but rather making a conscious decision to focus on financial priorities. If you're wondering about treating yourself during a low buy year, it's essential to remember that it's still possible, but following the set rules is crucial. The why behind choosing a low buy year or no spend year will vary from person to person, and it's essential to find what motivates you to embark on this financial journey.
Exploring the benefits of a low buy year: A low buy year is more than just saving money; it's about discovering values, building self-control, and adopting sustainable habits.
The "low buy year" concept goes beyond just reducing spending and can serve as a personal journey to discover values, build self-control, and adopt sustainable habits. The speaker shared her reasons for embarking on this journey, including figuring out what she truly values, curbing impulsive buying, and promoting minimalism and environmental consciousness. She emphasized that while financial benefits are a valid reason, the journey offers numerous other advantages. The speaker is already seeing changes in her spending habits, finding it easier to control some areas while facing challenges in others, particularly with food and coffee. Overall, the low buy year is an enriching experience that encourages introspection and positive lifestyle changes.
Prioritizing simple pleasures in life and business transactions: Simplifying payments through contactless solutions increases revenue, expands reach, and enhances customer experience. Setting boundaries for spending helps focus on experiences and save money.
Prioritizing simple pleasures in life, like enjoying meals at home and having a good cup of coffee, can lead to a sense of routine and satisfaction. For business owners, every transaction represents the culmination of their hard work and dedication to their customers. Tap to pay on iPhone powered by Stripe offers a game-changing solution for businesses, enabling contactless payments directly from iPhones with no additional hardware required. This simplifies the payment process, increases revenue, expands reach, and enhances customer experience for businesses of all sizes. In the speaker's personal life, she has set rules and categories for her spending habits, such as only purchasing takeout with friends or family, only buying makeup, skincare, and haircare products when necessary, and making exceptions for skincare due to its impact on overall health. By setting these boundaries, she aims to save money and focus on experiences rather than material possessions. Overall, the importance of prioritizing and simplifying aspects of both personal and professional life was a recurring theme in the discussion.
Purposeful and Mindful Gift-Giving: The speaker plans to prioritize acts of service, quality time, library resources, and necessary clothing purchases, while limiting unnecessary spending on gifts and stationery.
The speaker values thoughtful and meaningful gift-giving, but also aims to be purposeful and mindful of her spending. She plans to prioritize other ways of expressing love and appreciation, such as acts of service and quality time. She also intends to make use of resources like libraries and friends for books and stationery, and will limit herself to buying new clothes only when necessary. The speaker acknowledges potential challenges in social situations and has found support from her friends in communicating her choices. She encourages shopping at local stores and being mindful of one's consumption habits. Overall, the speaker's approach is about being intentional and considerate in her gift-giving and spending, while still enjoying the joys of giving and receiving.
Reflect on your past spending and set clear rules: Analyze past spending, identify overspending areas, set clear rules, and seek support for a successful low buy or minimalist consumption challenge
Establishing a clear "why" and reflecting on past spending are crucial first steps in starting a low buy or minimalist consumption challenge. The "why" serves as motivation and helps sustain discipline throughout the year. Analyzing past spending and identifying areas of overspending can be challenging but is essential for understanding where to cut back and making a significant difference. By taking the time to reflect on past spending habits and setting clear rules and restrictions, individuals can successfully embark on a low buy or minimalist consumption journey. Additionally, having supportive friends and community can make the experience more enjoyable and inspiring.
Embarking on a Low Buy Year for Financial Freedom and Personal Growth: Implementing a low buy year helps build discipline, encourage minimalism, and promote sustainability while saving money, fostering a healthier relationship with money and consumer culture.
Implementing a low buy year can be a valuable step towards financial freedom and personal growth. This approach goes beyond just saving money, and can help build discipline, encourage minimalism, and promote sustainability and mindfulness. To successfully embark on a low buy year, establish your reasons for doing so, analyze your spending, determine your roles and responsibilities, and create a succession plan. Don't forget to factor in the things that bring you joy and fulfillment, even if they seem small or insignificant in the grand scheme of things. By joining the community and sharing the experience with others, you'll have support and accountability throughout the year. The end goal is not just to save money, but to develop a healthier relationship with money and consumer culture.
Educational content with a reminder: Girls That Invest offers investment education, but listeners should do their own research and consult a financial advisor for personalized advice.
Girls That Invest is here to provide educational content about investing, but it's important to remember that their advice is general in nature and should not be relied upon as personalized financial advice. The duo encourages listeners to engage with them and suggest topics they'd like covered, but they remind everyone to do their own research and use due diligence when making investment decisions. Stay tuned for more fun and informative episodes from Girls That Invest. If you have a specific topic in mind, don't hesitate to reach out to them. Their DMs are always open. But remember, their advice is for educational purposes only. Always consult with a financial advisor for personalized advice.
