A manager with a net worth of $ 347.00 points out the three largest investments to be made this year

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An Australian 24-year-old marketing manager with a net worth of more than $ 347,000 has announced her three largest investment plans for 2021.

Queenie Tan from Sydney shared her financial goals on her YouTube channel and said she wanted to invest in real estate, the stock market and her “sideline jobs”.

She had previously told FEMAIL that her financial success had gradually accumulated over time after she began researching and investing at age 19.

“I’ve always been good at saving money, but I was completely new to investing and I was keen to learn more about it,” she said.

When considering financial options, it is important to seek advice from a professional to determine for yourself what is best for you.

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Queenie Tan (pictured) outlined her financial goals on her YouTube channel and said she wanted to invest in real estate, the stock market and her sideline businesses.

“I’ve always been good at saving money, but I was completely new to investing and I was keen to learn more about it,” she said

1. Invest in real estate

Although Queenie and her partner bought a $ 500,000 apartment in 2019, the two are aiming to purchase an investment property of $ 900,000 with a $ 90,000 security deposit this year.

Once purchased, the property will likely be renovated to increase its overall value before renting.

Queenie said one reason she thinks real estate is a worthwhile investment is because money can be “leveraged” for greater value – an investment strategy that involves borrowing money to invest.

Various investment options:

property

Exchange Traded Fund (ETFs)

Australian Stock Market – ASX200

US Exchange – S & P500

“Side Hustles” to increase annual income:

Freelancing

Dog walking or babysitting

Dropshipping

YouTube ads

Copywriting

‘I could choose to invest the $ 90,000 in the stock market with a return of between seven and 15 percent [on average]But when I invest in real estate, I actually get real estate worth $ 900,000, ”Queenie said.

Queenie also went into “positive gearing”. This term describes when the rent pays the cost of the investment property.

In comparison, “negative gearing” describes when mortgage repayments exceed rent – in which case the investor can potentially claim investment losses as an income tax deduction.

Although Queenie and her partner own a $ 500,000 apartment that was purchased in 2019, the two are aiming to purchase an investment property of $ 900,000 this year with a $ 90,000 security deposit

Although Queenie and her partner own a $ 500,000 apartment that was purchased in 2019, the two are aiming to purchase an investment property of $ 900,000 this year with a $ 90,000 security deposit

Queenie said one reason she thinks real estate is a worthwhile investment is because money can be “leveraged” - an investment strategy that involves borrowing money to invest

Queenie said one reason she thinks real estate is a worthwhile investment is because money can be “leveraged” – an investment strategy that involves borrowing money to invest

How is Queenie’s net worth calculated?

The impressive net worth is calculated as the total number of assets minus any debts

financial assets

Property value: $ 600,000

Stock portfolio: $ 100,000

Cryptocurrency portfolio: USD 5,000

Contra account: USD 40,000

Savings: $ 4,000

Superannuation: $ 50,000

Total: $ 799,000

Liabilities (debts)

Home Loan: $ 455,000

Total assets: $ 344,000

2. Invest in the stock market

Queenie’s current financial portfolio is diverse, but consists primarily of Exchange Traded Funds (ETFs) through CMC Markets, a platform that allows users to buy both Australian and international stocks at low brokerage fees.

“I really enjoy investing in the stock market and I love the fact that you can take your money off the market anytime,” said Queenie.

She admitted that investing in the stock market can be “easier” than investing in real estate, although it is often difficult to understand or classified as “risky”.

Queenie also uses a platform called Stake to buy US stocks because it is “easy to use” and has low brokerage fees.

Alternative Australian ETF platforms known to be helpful for beginners include Raiz, Spaceship, and the CommSec Pocket App.

“I invest $ 5,000 every month to keep my balance and I usually try to track the market before buying,” she told FEMAIL.

Queenie can invest $ 5,000 each month as she lives on her own resources, saves or invests 60 percent of her annual income, and has six sources of income.

Queenie's current financial portfolio is diverse, but mostly consists of Exchange Traded Funds (ETFs) through CMC Markets - a platform that allows users to buy both Australian and international stocks at low brokerage fees

Queenie’s current financial portfolio is diverse, but mostly consists of Exchange Traded Funds (ETFs) through CMC Markets – a platform that allows users to buy both Australian and international stocks at low brokerage fees

Before Queenie made her incredible fortune, she had $ 13,000 in university debt But she has managed to get her finances under control by saving 60 percent of her income, investing, and setting goals

Before Queenie made her incredible fortune, she had $ 13,000 in college debt, but managed to get her finances under control by saving 60 percent of her income, investing and setting goals

3. Invest in yourself and in sideline activities

In addition to the first two major investment strategies, Queenie plans to invest her time to work on “sideline jobs” like her YouTube channel.

Side hustles are a great way to generate additional income and can be either active or passive.

For example, YouTube ads in videos generate passive income, while dog walking is an active sideline that requires something to be done.

In January 2020, Queenie was reckoning on $ 2,000 per month on YouTube based on the number of subscribers and views.

Other sideline jobs that can increase your income include dropshipping, copywriting, freelance work, or babysitting.

Queenie hopes that by the age of 35 she will have enough money to only work part time and reclaim time she would have spent on work.

QUEENIES TIPS TO SAVE MORE MONEY

* Live below your means and spend less than you earn per week

* Track your finances every week / every month

* Take into account your priorities and what you need to spend money on

* Think about what to remove from your weekly expenses – for example, buying coffee or lunch every day

* Avoid buying the latest products or technologies

* Buy for sale

* Buy only what you need, not what you want

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