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How to get your (money) goals under control | with guest TashInvests aka Tash Etschmann

HOSTS Maddy Guest & Sophie Dicker|30 March, 2021

Goals can be hard to create, especially when it comes to money – but facts are facts – you are more likely to stick to a plan when you have a goal on your horizon. Today we speak to the enthusiastic, accountable, and driven Tash Etschmann, otherwise known as “tashinvests” on her social media platforms. Tash believes that you don’t need to give up on the things you love to get on top of your personal finances, but knows that it is necessary to have a plan in place when it comes to committing regular amounts to investing. We are going to delve into the importance of having money goals, and the necessity of tailoring these goals to your personal situation. Everyone’s money circumstances are different, but one thing we can have in common is working toward financial independence.

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Maddy Guest: [00:01:09] Hello and welcome to another episode of your income company, a podcast for like minded people who want to make smart investment decisions. I'm Maddie and I'm here with my good friend Sophie. [00:01:19][10.2]

Sophie Dicker: [00:01:20] Hi, Maddie. [00:01:20][0.3]

Speaker 2: [00:01:21] I'm really looking forward to the chat that we have planned today. But before we start today's episode, we would like to acknowledge and pay respects to the people of the Coolen nation who are the traditional owners of this land. We pay our deepest respects to the elders past and present and to the next generation who we hope to create a different future for. [00:01:38][17.3]

Maddy Guest: [00:01:39] Today, we're really excited to be chatting. Detachment, otherwise known by her Instagram as Tasch invests Tasch. She's on a mission to make financial conversations less taboo and is doing a fantastic job at it. She believes that personal finance and investing don't have to be scary topics and that financial friedemann can be achieved without sacrificing the things you love. Perhaps most importantly, Tasch advocates that you don't need to work in finance to be good with your money. Tasch, thanks so much for joining us today. [00:02:04][25.9]

Tasch Etschmann: [00:02:06] Thanks so much for having me. So excited to be here. [00:02:07][1.9]

Maddy Guest: [00:02:08] We are so happy to have you. We feel possibly a little bit starstruck because we have been following you for a little while, but no super fun to have you on Tasch. We start every episode with the same couple of questions. So can you please tell us who or what influenced you to first invest? [00:02:25][17.3]

Tasch Etschmann: [00:02:26] Oh, it's pretty hard. I think initially it was just my dad because my parents have always been really good with money and I always like to be like them and always looked up to them. So I'm going to say my dad. [00:02:35][8.3]

Sophie Dicker: [00:02:35] Yeah, I feel like that's a very common answer. I was influenced a little bit by my dad as well. I can relate to you there. And then the second question is, what was your biggest fear when you started out investing, losing money? [00:02:47][11.6]

Tasch Etschmann: [00:02:47] When I first started, I had no idea what I was doing and no idea how the stock market really works. And you hear like the fearful news never being like, oh, I lost all my money. So I was like, great, I'm going to buy the wrong thing, lose all my money, and that will be it. But I found out that's actually kind of hard to do if you're buying. But I guess, [00:03:02][14.7]

Maddy Guest: [00:03:03] yes, that is a great, great and I'm looking forward to hearing more about that later, because that's something that we have talked about a lot. But for our final sort of quickfire question, Tasch, if you're a stock, who would you be and why [00:03:16][13.7]

Tasch Etschmann: [00:03:17] this is so hard? I think I like I read that and I was like, OK, what am I going to say? But I think probably lack VDHD because I can't like I'm all over the place as a person and I can't pick one thing that I enjoy doing. So I like a bit of everything and also I'm super chilled as a person as well and like she is a very chill stock, I guess if that makes any sense. [00:03:36][18.4]

Sophie Dicker: [00:03:36] Can you explain what VDHD [00:03:37][0.9]

Tasch Etschmann: [00:03:39] it's the Vanguard Diversified High Growth Fund, so it's like seven funds in one. So it's really like, I don't know, say the easiest thing, but it's such an easy buy because you buy it every rebalance. It's for you and your own companies all over the world in one trade. So it's all over the place. It's really cool. And I guess it's what I am, I don't know. Yes. [00:03:54][15.4]

Sophie Dicker: [00:03:55] All over the place. And really cool. [00:03:57][1.3]

Maddy Guest: [00:03:58] that's actually a great definition phase over and touched. One of the reasons that we were really keen to chat with you today is because we think that you're such an awesome example and I guess someone that we can all really look up to about what is possible. So if anyone knows you from Instagram, they might have a bit of an inkling about what I'm talking about. But before we get into that, I know that you understand that you don't work in finance or anything like that. Can you tell us a little bit about what what you do for sort of your day job or study? [00:04:25][27.8]

Tasch Etschmann: [00:04:26] So I study occupational therapy and I work as a support worker in a group home for people with autism, so, so far removed from finance. But it's heaps of fun and I love it. [00:04:35][8.9]

Sophie Dicker: [00:04:35] So you must have a pretty busy schedule then. It sounds like you're doing a lot. [00:04:38][2.9]

Tasch Etschmann: [00:04:39] Yeah, I, I like being busy. I'm like scared every time. No, but my job is really cool. I, I get nine days off every three weeks as part of because we do live in shifts so I get nine days off every three weeks, which kind of gives me time to do Instagram stuff and other things that I want to do and my job so flexible and gives the elderly leave, I want to practice. So it's worked out really well. [00:04:57][18.4]

Maddy Guest: [00:04:58] Yeah. It sounds awesome [00:04:59][0.7]

Sophie Dicker: [00:04:59] because I was going to ask, how do you fit in investing when you have so much on? But obviously it's very doable. [00:05:04][5.0]

Tasch Etschmann: [00:05:05] Investing is easy now, like I already learned how to do it. So it's all automated set up. I don't even pay that much attention to it. So it's really easy now the investing side anyway, [00:05:13][8.0]

Maddy Guest: [00:05:13] you just saying all the right things. I love it. It's exactly what we're wanting to help people sort of come to realize. So, yeah, that's great to hear. [00:05:21][7.8]

Sophie Dicker: [00:05:22] So you're pretty open about how much you earn and your investing goals and your net worth on your Instagram. Can you tell us a bit about why you. We are very open with this. [00:05:31][8.7]

Tasch Etschmann: [00:05:31] Yes. My family's always been really open with money and I've always known, like their mortgages, how much they earn, what their goals are in life in terms of money. And I realized pretty early on that other people didn't want that open about money and other people's families didn't discuss it the same way that my family did. And like money is such a big part of life. Like everyone has it, everyone spends it, everyone needs it. And I just I personally don't see why it's so taboo. So I was always of something like, oh, what do you like? What are your savings goals? And I would always tell people what I had saved and like how I was affording things. So I kind of just came with the Instagram thing. I was like, oh, like, no, people don't know what I know. I might as well share it. And I find if you're sharing information without the context, it's really confusing to other people. So initially when I was talking about being a full time uni student, people were like, oh, you must only own like a few thousand dollars. And it was actually like, no, I work full time. I don't have any. Yeah, you kind of need that context so people understand where you're coming from, other people, just otherwise people just compare themselves and it doesn't make sense. [00:06:25][53.9]

Maddy Guest: [00:06:26] So you said was it 17 K that you're earning at the moment? Yeah. [00:06:29][3.7]

Tasch Etschmann: [00:06:30] So seventy one thousand, which is quite good for a support worker. [00:06:32][2.7]

Maddy Guest: [00:06:34] Yeah. And then I know that sometimes you talk on your Instagram about your net worth as well. Can you share that for those listening. [00:06:41][7.1]

Tasch Etschmann: [00:06:41] Yeah, I think it's sitting around one hundred and seventy k when I worked it out at the start of the month, which is super exciting. Yeah. The people I say that. No and they don't see all the other numbers that go into it as well. So I think sharing like a full picture is so important. [00:06:53][11.2]

Maddy Guest: [00:06:53] Yeah, I think that's really great. So just to go back to the beginning a little bit, in your experience, do you think that you need a lot of money to sort of start investing? [00:07:01][7.6]

Tasch Etschmann: [00:07:02] No, definitely not. There's all these cool platforms like Spaceship, and so you literally need five dollars to start investing. But in saying that, obviously you need an emergency fund needed to make sure you don't have consumer debt. But if you've got surplus income, you can start with five dollars. [00:07:14][12.2]

Maddy Guest: [00:07:15] Yeah, I think that's one of the things that we're so lucky with today. In the past, broker, you know, the fees that you paid to buy and sell shares were really high and it made investing all the bisou investing much higher. But we're so lucky now and that there are all these platforms, like you said, that, you know, it makes trading really cheap and it means that you don't have to have huge amounts of money to get into the markets, which is awesome. [00:07:38][22.8]

Tasch Etschmann: [00:07:38] Yeah, definitely. [00:07:38][0.3]

Sophie Dicker: [00:07:39] Did you start on platforms like Space Ship and do micro investing and then get comfortable with that and move into investing in stock shares, ETFs? Is that how you kind of. [00:07:49][9.4]

Tasch Etschmann: [00:07:50] My first investment, because my dad obviously didn't know about micro investing platforms and he was kind of my first entry into the market. So I bought four units of Aviva, which is an S&P five hundred index on the ANZ trading platform, which isn't the cheapest, it's not the best, but that's where I started. And then I was very scared and I didn't know what I was doing. So I kind of just left it and let it sit there. And I said to my apartment and kind of played around with micro vesting platforms. So my first investment was like a regular ETF on like the profit, and it was a profit, unlike an actual brokerage. But then raised in space. It was what helped me, got really confident and helped build my confidence to invest regularly and to invest more money. [00:08:24][33.7]

Sophie Dicker: [00:08:25] I think that's definitely a common tale as well. Just getting a bit more comfortable with it, starting with a small amount. You can start. I mean, these days you can literally start with like, what is it, five hundred dollars or even less? I'm not even sure it [00:08:35][10.3]

Tasch Etschmann: [00:08:36] was Spaceship's Karaganda five. So you can actually put five dollars in and say what happens? [00:08:38][2.9]

Sophie Dicker: [00:08:40] I mean, I guess anyone can really start with any kind of money. But you also kind of touched on the fact that you need to keep a bit of cash on the side. And usually we when we talk about that, it's because of our short term, short term goals, but our long term goals. What are your what is short term goals versus long term goals mean to you? And do you have, like, certain timeframes that you follow if you do have short term goals? [00:09:00][20.7]

Tasch Etschmann: [00:09:01] Yeah. So I kind of say short term, as in the next few months. And then I've got like medium term goals, I guess, which is in a few years. And then my long term goals are like seven, ten years plus. [00:09:10][8.9]

Sophie Dicker: [00:09:11] Can you share some of maybe the short term or long term goals that you have at the minute? [00:09:14][3.5]

Tasch Etschmann: [00:09:15] Yeah, so I'm going on track at the end of April for eight weeks, so I won't be working for eight weeks. One of my short-term goals was to have five thousand dollars saved for that amount of time because I have an apartment as well, so I still pay my mortgage. So that was kind of my short term goals. My big long-term goal is I want to have a million dollars invested, which is exciting and I should hate that. I think it's like thirty five, which is really exciting. And then I've got lots of goals in between, like I want to move. I've raced at the end of the year, so I need a bit more money saved up for that. [00:09:42][26.9]

Sophie Dicker: [00:09:42] So obviously your goals are kind of changing when like as life goes on, I move around a bit. [00:09:47][4.9]

Tasch Etschmann: [00:09:48] I'm like, yeah, I changed my mind about what I want to do. Like literally all the time people criticize my goals, but it's kind of like you don't set a goal in the never of do it ever again. I literally change my mind every three few months. That's what I want to do with my life. But the one consistent one is the million dollars that I'm working towards. [00:10:02][13.4]

Maddy Guest: [00:10:02] I guess a really sort of basic question that I wanted to clarify with you is when we talk about short term goals and sort of keeping that money in cash, do we talk when people talk about cash and throw that word around? Is that does that mean sort of money that you've got on your brokerage platform that's not invested or is is cash just all the money that you have? Is it literally the physical cash? [00:10:22][19.7]

Tasch Etschmann: [00:10:23] No, I don't. I hate physical cash because I lose things all the time. When I say cash, I mean cash in like a high interest savings account and. I felt that even more so I always have two thousand dollars in my everyday accounts of direct debits and bills to come out of, and then I have a separate amount. I have quite a bit of cash because I like the freedom that comes with it. So I've got like twenty five thousand at the moment, just sitting in a high interest savings account and it's like my emergency funds, my funds do whatever I want. My funds like not work, I guess, because I've got quite a bit of money coming up this year. That's all the twenty five thousand plus I'll have like the money ready. So my mortgage this week and my strata this week or whatever is coming up. [00:10:56][33.2]

Maddy Guest: [00:10:57] Yeah. I think that's such a great example of sort of, you know, being in touch with and having a really great awareness of your life and your sort of situation at the moment and making sure that you're planning accordingly and setting the goals like we talked about. You know, you've got that money aside. And I think the what you say about the emergency funds is a great one. And so I've not spoken about this before, but I've sort of got I can get three months salary sitting in a bank account that, you know, I've forgotten about that money. And that's the for me, that's if covid hits or something like that. And it just means that I don't have to take care of it again. Yeah. Yeah, I take it. Well, gosh, I said that so flippantly. If it happens it hit again. No money. No, but yeah. You know, it's for it's for those emergency situations when something happens that you don't foresee. And it just means that you sort of have that buffer, which I think is really important. And it just sort of gives you a bit more confidence when you are investing as well. [00:11:53][55.7]

Tasch Etschmann: [00:11:53] Yeah, I know exactly what it's like an ideal amount for like an emergency fund. And I think the general is three to six months. But I think it's really important to look at your own situation as well as a lot of people like, oh, why do you have so much money? And it's like, well, I want the freedom. I don't want to be locked in in one place and having to work and having to live off an emergency fund. I think it's important to have like an emergency fund plus savings to the other goals that you want to achieve in the next few years. [00:12:14][20.9]

Sophie Dicker: [00:12:15] Yeah, and I was going to say, well, catch you on that point that everyone's situation is quite different. I think sometimes when people say like three to six months salary as an emergency fund, that can seem like a lot of money, especially people that are first going into the first full time role or moving out of home. And they're paying living expenses, et cetera. So, yeah, touched on that point of just keeping it to your personal goals and what you can achieve at the time is really important. And then just building it up over time. [00:12:38][22.8]

Tasch Etschmann: [00:12:38] Yeah. And like what you feel comfortable with as well. What one person wants, like my twenty five thousand dollars is huge, like kind of a buffer fund or whatever, and other people might want a lot less than that and they won't need as much as that because I guess other people aren't about to start working to 16 weeks or whatever. So, yeah, it's so personal. And I just like to focus on one person's number because they're all so different. [00:12:56][18.1]

Maddy Guest: [00:12:57] All right. So, Tash, one thing that you talk about on your website, and we really want to sort of delve into a little bit deeper, we've just touched on that then is this concept that financial freedom can be achieved without sort of sacrificing the things that you love? So can you tell us a little bit more, sort of specifically O.W. a bit deeper into for you? How do you manage that? Do you have a specific budget that you follow? What does that sort of situation look like for you so that you can make sure that you do still have that fund? You know, we joke about having a fun fund. [00:13:25][28.0]

Tasch Etschmann: [00:13:27] Initially, I was really frugal and tracked everything that I spent and was very strict with what I spent. But I've kind of left with my goals and my values. Now I just spend on things that align with who I want to be as a person. And I find that comes a lot more natural now. So I spend on the things I really want, but I'm really in tune with things that don't have value or things that I don't enjoy or things that aren't going to make me a better person and I won't spend money on them. Like, for example, I'll spend so much money on traveling or like wakeboarding or going diving, but I won't spend heaps of money on a night out on drinks. And I find like that comes really natural now. So it's easy for me to spend money on the things that I really care about. [00:14:01][33.6]

Sophie Dicker: [00:14:01] Yeah, I feel like that's one of the things that people need to start thinking about when they are budgeting or wanting to put money away for investing. But sometimes those small things, like not necessarily going out because being social, that does add value to a lot of people's lives, but just small things like going to the supermarket without a plan or ordering a lot of takeaway or making impulse purchases to give you that dopamine hit really don't necessarily add so much value. And they can take away a lot in terms of like monetary value. [00:14:25][24.1]

Tasch Etschmann: [00:14:26] I think I like tracking your spending, so I think that helps a lot. I tracked everything. I felt like years, and I find that was really powerful with understanding exactly why my money was going. And now it's like naturally comes to me and I naturally add it up in my head, I guess by sitting down and tracking everything you spend and being like, what am I, life goals? What are the things that actually bring joy to me? And does my spending align with that? Because I feel like a lot of people aren't clear on what they want to do or what their goals are. So like, oh, it doesn't matter. I can just spend on this because it's all just like take it out later, but become really clear on what adds value in your life. It's easy to sit down and be like, oh, this isn't this isn't adding value to my life. [00:15:01][34.5]

Sophie Dicker: [00:15:01] Yeah. For anyone that does want to be tracking their spending. If you've done it before, do you have any tips or recommendations? Were there any like certain apps or programs that you used to do that that helped you? [00:15:11][9.4]

Tasch Etschmann: [00:15:11] Yes, I have like a free Google sheet. You can find it on my Instagram. It's just like lying to my if I can't read what it's called. And also I use we money, which the budgeting app. So I think, like try either of those and see which one works because some people don't wanna spend the time putting in every single little detail. But yeah, like let's try a few different ways of tracking your spend. And see what works best for you, because what works best for one person doesn't work best for everyone and you don't make it a chore. I loved making graphs and analyzing it and doing percentage changes, but other people probably don't want that inside their spending. [00:15:41][30.3]

Maddy Guest: [00:15:42] So it has to be discussed before sort of how we can break up our money or our goals into short term and long term goals. And I am wondering, sort of on a more personal level, you touched on the fact that you really want to have a million dollars invested. Can you sort of elaborate on that goal a little bit now and maybe why that is or what you want to do with the million dollars once you get to that point? [00:16:04][21.5]

Tasch Etschmann: [00:16:05] So with a million dollars, this is kind of following like the financial independence for Tirelli rule. So if you have a million dollars that earns on average seven percent a year, you can withdraw a full percent and it'll still grow with inflation by three percent. So four percent, a million dollars, 40 grand a year. So if I have a million dollars invested, I have a 40 grand pay rise or I have like a 40 grand buffer to live off. And my because I'm such an indecisive person and I'm super spontaneous, I want the freedom to do literally whatever I want in my life to having a 40 grand safety net as income is insane. Like you can live in valleys that much and a fully grown pay rise is huge. So, yeah, but like, I love working. I really like like having a job and I love going to work, but I kind of want to always be something that adds value and something that I love doing. So I want that freedom to quit jobs or move or do whatever I feel like at the time. [00:16:52][47.7]

Maddy Guest: [00:16:53] Yeah, I think that's such a great point. And, you know, framing, investing as a way to empower yourself to be able to do what you want to do in the future. So if and I've talked about before, how sometimes for some people just building wealth or getting more money isn't sort of enough of a motivator. But if you really flip that and think about. But what will I be able to do with that money when I have it? So whether it be for yourself, whether it be for causes that you really care about. I was chatting to a friend the other day and she actually works in the arts and she was explaining that for her over her entire career. She's probably in her industry or in her position, not going to be able to earn over about 80. So if her family invests sort of small amounts of salary each month meant that she was able to sort of form a secondary income that allowed her to stay in the industry she wants. And no way, as females, we have a lot to think about with, you know, potentially taking time off work in the future and thirties if we want to go down to part time. And I think she was saying that the investing sort of gives her the confidence that she'll be able to continue to do what she loves, because by doing that, I guess money is less likely to become a real issue for her. [00:18:04][71.1]

Tasch Etschmann: [00:18:04] I agree with that so much. The I kind of talk about the pay rise. Things taste like it's a great that you don't in a high salary with that. And I really love working in health care, but I also want to have lots of money, like lots of fun. And a lot of people like, oh, you can't say you want to earn lots of money. I love having money. So I kind of having that extra [00:18:20][15.4]

Maddy Guest: [00:18:20] pay or whatever you [00:18:21][0.8]

Tasch Etschmann: [00:18:22] say, whatever I want. Now, some people are funny, though, when you talk about it and they're like, oh no, you can't say that. But yeah, it's it's so cool being able to give you like you can buy yourself a pay rise, which is such a cool concept to get your head around. [00:18:31][9.6]

Sophie Dicker: [00:18:32] Hey, thanks for joining us on your own good company. We hope you're enjoying the chat with Tasch so far. [00:18:37][4.3]

Sophie Dicker: [00:19:17] So delving in a little bit into your investing at the minute, do you have a specific investment strategy that you follow? [00:19:24][6.6]

Tasch Etschmann: [00:19:25] Yes, I buy and hold ETFs and a lot of them are just like passive index tracking ETF. [00:19:29][4.7]

Sophie Dicker: [00:19:30] So for people that are listening and don't know what a passive index tracking ETF is, do you want to explain a little bit? Yeah. [00:19:35][5.1]

Tasch Etschmann: [00:19:36] So an ETF is an exchange traded fund, which is just a way of buying a basket of shares that's traded on the stock exchange. So like types of ETF and index go back even further. An index fund is something like the S&P five hundred, which is the top 500 companies in America, or the largest five hundred. And there's one called ASX 200, which is the largest ASX two hundred Australian companies. So you can buy an index fund as an eighth. So it will track one of those indexes, will follow it, and you can buy and sell it through a brokerage and it trades on the on the share platform. [00:20:05][28.9]

Maddy Guest: [00:20:05] And why have you picked or why have you chosen to invest sort of mainly in ETFs? And have you looked into buying other stocks or are you pretty keen to stick with ETF? [00:20:17][11.3]

Tasch Etschmann: [00:20:19] That was a really fun statistic I read over. I think it was a 15 to 20 year period and like 92 percent of fund managers failed to beat the S&P. Five hundred and I and say student who checks in like health care, like who am I to think I could be better than a fund manager at picking stocks? Like, I'm literally just like a normal person. And I don't want to spend the day like the effort researching stocks every single day as well. So you literally pick one, you buy them regularly, consistently, which is like a strategy called dollar cost averaging. And you don't check it for seven to 10 years and you just let it do its thing, which is amazing. So I'm not going to sit here and like look at charts because I think that's the most boring thing in the world. So it's like an easy, simple strategy, unlike historically the data show and it's proven to work. [00:20:58][39.2]

Sophie Dicker: [00:20:59] Yeah, I feel like you've literally just made it sound so easy. And honestly, that's what it [00:21:02][3.5]

Tasch Etschmann: [00:21:04] I like it as everyone makes it so hard and everyone's like showing you take talks of their trading and like their profit loss and them sitting there analyzing stocks and all these words that literally don't matter. You can just buy and hold index funds and in 15, 20 years you can have a million dollars. [00:21:18][13.9]

Maddy Guest: [00:21:20] You make it sound so easy. If conversation is just make me so happy, I just love it. I'm like, yes, it is that easy. You just need to do it. [00:21:29][9.1]

Tasch Etschmann: [00:21:30] You don't have to be a finance first. You can buy index funds. [00:21:32][2.4]

Sophie Dicker: [00:21:34] Well, I guess we've kind of touched on a little bit. We've spoken about your goal and I guess maybe your steps are just buy and hold forever. [00:21:41][7.4]

Tasch Etschmann: [00:21:42] Almost certainly the dividends maybe. [00:21:45][3.2]

Sophie Dicker: [00:21:46] Yeah, but if we like kind of talk about your daily routine, like, how often are you investing? Is this an automated process? How often are you looking at buying new ETFs? Do you ever-changing up your portfolio? A little bit. Yeah. [00:21:57][11.5]

Tasch Etschmann: [00:21:57] So I buy like a thousand dollars worth of whatever I'm buying at the moment. Every fortnight I have a like I have got a few that I buy regularly. If I've seen something cool on Instagram like a nation ETF or something, maybe I'll put like five hundred dollars into that. But usually I just buy like index ETFs. It is automated. I've just turned it off. Now I'm about to go back to Phenix. I'll have to invest less, but yeah, like literally like once a fortnight. Five thousand dollars less. That's it. Sorted. And then if I get paid extra money or I like they give it a aside income, I'll invest it into something fun maybe. [00:22:26][28.3]

Maddy Guest: [00:22:26] Yeah. I think that sounds great. And I think, you know, building, investing into your hand can be a really great way to continue sort of building your wealth then. Yeah. Not having to think about it too much. Oh yeah. [00:22:38][12.1]

Tasch Etschmann: [00:22:39] I also do a hundred dollars we can say shit but like literally I forget that exist half the time so I don't notice one hundred dollars like the thousand. So that's in like the tech portfolio which is done insanely well. So yeah it's like one hundred dollars we can say it plus a thousand dollars a fortnight. Yeah. [00:22:51][12.0]

Maddy Guest: [00:22:51] I hope everyone is feeling very inspired because I know I definitely am. I'm like God. Yeah. You just make it sound so crazy, right. Yeah it is. Yeah. Yeah it absolutely is. And that's really what's so funny. I trying to sort of help people to understand [00:23:05][13.9]

Tasch Etschmann: [00:23:07] people make it so much more complicated than it has to be. But it's complicated self. [00:23:10][3.7]

Sophie Dicker: [00:23:12] That's true actually now that I think about it. OK, so we might jump into the end part of our episode, which is called The Watch List. So each episode we've been asking our guest to out of stock or company or news trend or anything that you've been following recently to the watch list and then over the series, we're just going to watch it and see how it develops. I guess the purpose of this is to get us thinking outside the box and broaden our horizons in the investing space. But we're not financial advisors and this is purely for educational purposes only and it does not constitute any investment advice. So, Tosh, what are you adding to the watch list today? [00:23:50][37.9]

Tasch Etschmann: [00:23:51] Can I be really boring and put in there and we can see how it works against everything else? [00:23:55][4.0]

Maddy Guest: [00:23:57] Absolutely. I also put an ETF on the watch list [00:24:02][5.2]

Tasch Etschmann: [00:24:03] to see if [00:24:03][0.6]

Maddy Guest: [00:24:04] mine was a200. [00:24:05][1.0]

Tasch Etschmann: [00:24:07] Maybe modestly similar, that maybe all we could do like enter here, because that's very tech heavy. I don't know. Well, let's do it because that's an ethical one. [00:24:14][7.7]

Maddy Guest: [00:24:15] So can you tell us a little bit more about the what's in it, what makes it ethical? How does it all sort of work? [00:24:20][5.0]

Tasch Etschmann: [00:24:22] I don't know what they're exactly like ethical criteria. So I was just like doing basic research into ethical has to buy data shows like ethics, an international one. It's got two hundred ethical companies can't define ethical value. And in Southern California, which is like the Australian ethical vision, as a few others I've been looking into as well. But I want to like in my daily life, like ethical things, kind of a client who I am as a person, like I love the ocean. I try not to use plastic, I try not to eat, mate. But then I was buying like stocks that aren't they pay in different companies. And it was like, why am I doing that? So kind of like stepping it back a bit now and I'm going to redo my whole portfolio just to be ethical was another really cool one is I guess I am paid here, which is an actively managed ETF that invests in small tanmay caps in Australia. But they've got a really cool like one of the criteria is every company has to have at least one female board member. And that seems like such a basic thing to have. But yeah, that's how they filter out some companies as well. So I think that pretty cool [00:25:14][51.5]

Sophie Dicker: [00:25:14] to think that ties perfectly to the fact that investing can actually and the goals you make. Around investing can tie back to your values and what you value in life, it doesn't need to be particular companies, but it can really align to, I guess, the vision that you want to create for your future. [00:25:29][15.4]

Tasch Etschmann: [00:25:30] Yeah, definitely. [00:25:30][0.2]

Maddy Guest: [00:25:31] Tasch, thank you so much for coming on our show today. I think it's so great when people are starting out investing, sort of really try and have a think about and have an idea about what they're working towards. And it can be really motivating for yourself and sort of yeah, it's really awesome to be able to work towards setting yourself up for, I guess, future freedom. That being said, I do. I guess I just want to emphasize that if anyone is sort of sitting at home and thinking that I don't know what I want to do or I don't know what I want to work towards, definitely do not be put off by people having sort of very specific money goals if you don't have them. Because, you know, I think really having a broad goal, like we sort of touched on today of just building wealth and things like that. You know, the important thing is, is that we get started and we stop figuring it out. And I think that really that is good enough because we can work the rest out as we go along [00:26:17][46.5]

Tasch Etschmann: [00:26:19] to add to that like I like. Yes, just like work towards something and just stop because I change my mind all the time about everything. But I think as soon as you have a foundation, you can literally do whatever you want with that money. So I set a goal. And if you change your mind, that's completely fine. [00:26:31][12.4]

Sophie Dicker: [00:26:32] So we always finish up with the same question for each guest. And that question is, what advice would you give yourself when you first started out investing? [00:26:40][7.9]

Tasch Etschmann: [00:26:41] Probably to start investing consistently straight away, because I was terrified. Like, I kind of bought the first shares and I was like, oh, just watch them for a few years and see what happens. But yeah, just just like racich more just just like invest more. I guess I maybe like don't buy an apartment but yeah that's controversial as [00:26:58][16.3]

Sophie Dicker: [00:26:58] I that's, that's still an investment. You're still doing great. That better than the rest. [00:27:02][3.6]

Maddy Guest: [00:27:05] Well Tasch, thank you so much for coming on to our show today, our fourth ever episode, which is very exciting. If people want to learn more about you or sort of follow your journey, can you give us a little rundown of where they can find you? [00:27:17][12.3]

Tasch Etschmann: [00:27:17] Yes. Thanks so much for having me. I am called Tashan Best on Instagram and I also make talks as well, which is sometimes fun. And I have a website which I'm hoping to stop looking down soon. So it's just me talking about money. If I try to make them fun, I'll be on my web, just invest dot com to come say hi there as well. [00:27:33][15.5]

Maddy Guest: [00:27:33] Well, we absolutely love what you're doing to normalize conversations about money and investing. And we really look forward to sort of continuing to follow your journey because we think that, yeah, you're sort of inspiring people everywhere to get motivated and work towards financial freedom, which is a very common value with our. And so we love what you're doing and keep it off. And, yeah, hopefully we can continue following a journey as well. [00:27:55][21.4]

Tasch Etschmann: [00:27:55] Yeah. Thanks very much. I'm super excited to with this podcast guys as well. It's such a fun idea. [00:27:59][3.7]

Maddy Guest: [00:28:00] Thanks, Tasch. [00:28:00][0.5]

Sophie Dicker: [00:28:01] Thank you so much for joining us today for our chat with Tache. We hope you're ready to start sending some of your articles that will help you work towards financial empowerment. Next week, we'll be debunking the myth that investing is like gambling and working out what the risks are and how to mitigate them. If you haven't already place for Instagram page at Wijk podcast and join our Facebook group. Why JSI investing podcast discussion? Well, you can ask any of the questions that are on your mind or share ideas that you find interesting until next time you're in. [00:28:01][0.0]

[1487.6]

More About

Meet your hosts

  • Maddy Guest

    Maddy Guest

    Maddy lives in Melbourne, works in finance, but had no idea about investing until she started recently. Her favourite things to do are watching the Hawks play on weekends, reading books, and she says she's happiest, 'when eating pasta with a glass of wine'. Maddy began her investing journey when she started earning a full time income and found myself reading about the benefits of compound interest in the Barefoot Investor. Her mind was blown, and she started just before the pandemic crash in 2020. What's her investing goal? To be financially independent for the rest of her life, and make decisions without being overly stressed about money.
  • Sophie Dicker

    Sophie Dicker

    Sophie lives in Melbourne, and enjoys playing sport, and then drinking red wine immediately after finishing sport. She works in finance, but honestly had no idea about investing until her partner encouraged her to start. She says, 'my interest has only taken off from there - I find it exciting… I mean who doesn’t like watching their money grow?' Her investing goal is to build the freedom to do things that she's passionate about - whether it be start a business, donate to causes close to her, or to take time out of the workforce to start a family. Right now, there’s no specific goal, she just wants to have the freedom when she'll need it.

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