“… I'm kidding,” she said.
Tash Etschmann was one of Tiktok's first adopters, and she successfully found her niche in the content of personal finance.
Quartier four -year advance, and has accumulated a net value of more than $ 500,000. Now she wants to teach other young Australians how to get there.
“My parents have always talked about the money openly when I was younger,” said Etschmann. “When I aged, I realized that it was not the case with a lot of my friends.”
Etschmann worked Several jobsIncluding retail trade at H&M, in the hospitality of an AFL stadium and as a swimming instructor and optical distributor. She was a Residential support worker when she bought her apartment four years ago). It is currently independent and has been for over a year.
She had always followed some creators of financial content in the United States, but had not seen many people in Australia do it. “There is certainly a lack of financial education, which is why I did what I did,” she said.
She is co-author of the new book How not to work forever, which is a kind of manual “dictionary”, guide and entry -level. Consider it as management of money for models. It is a collaboration between Etschmann and Ana Kresina, co-host of one of the main podcasts in Australia Become rich slow club.
The book demystifies what seems to be the intimidating world of investment, breaking it into easily digestible concepts. Caisse, bonds, actions, interest rate, basic products – the book has everything. The crypto is also mentioned, but only as an “alternative asset”.
“Crypto is a higher risk,” said Etschmann. “For me, this is something that you should buy in smaller. It is not a regulated financial product either. However, the crypto looks more exciting than, say, an index fund, so I can see why some people are distracted.”
The crypto is tempting for young Australians
Etschmann is not wrong. A significant number of young Australians are intrigued by the crypto. It is a market that does not sleep and is extremely volatile, that may be why people are attracted to it.
The monthly report on the monthly market of June of Binance Australia reveals that Altcoin – Any cryptocurrency other than Bitcoin – Volumes of negotiation by Australian users have increased by 3.75 times in value in the last two quarters, although no global dollar has been provided.
Bitcoin and Ethereum remain the cryptocurrencies most exchanged by Australian users. Interestingly, this is mainly followed by “same” – cryptos based on viral internet memes which have little or no use in real life. Dogecoin, Pepe Coin and Shiba Inu Coin are among the first 10 fashionable cryptocurrencies for Australians.
Does Etschmann hold the crypto? Yes, but it only composes “five percent of my wallet,” she said Chainsaw. “I'm not talking about it too much because I want my audience to focus first on key stages, such as saving an emergency fund.”
The Etschmann portfolio in June 2024 is as follows:
Debt:
- Mortgage: $ 208,000
- HECS: $ 17,000
Assets:
- Crypto: $ 23,900
- Shares and super: $ 272,000
- Apartment: $ 400,000
- Savings: $ 93,000
- Car: $ 8,000
If she could go back in time and give her younger financial advice, Etschmann joked that she said she said he was “going to buy bitcoin”.
Artificial intelligence (AI) is currently all the media threshing for investors worldwide. So, one of the best financial content creators in Tiktok has technological actions?
“No. It takes a lot of research to stay informed of sole proprietorships. I don't like to sit there by analyzing individual actions, so I just buy ETF. I think I had a fairly easy trip with money because I started so young. [Hitting financial goals] I have always felt quite feasible.
Australian Tiktok “Finfluers”
In 2022, after a warning from Australian Securities and Investments Commission (ASIC), the Australian “finflutenurs” – a portman for financial influencers – had to obtain financial council licenses in order to continue to share their content.
In response, Etschmann and other local popular finflutenurs like Queenie Tan (@investwithqueine), Aleks Nikolic (@brokegirlwealth) requested authorization from financial consulting companies. They are now able to provide general financial advice on social networks.
Although finflutensers and Etschmann have become authorized representatives of financial consulting firms, unauthorized creators giving financial advice remain popular on Tiktok. By asic information sheet On “discuss online financial products and services”, published in March 2022, finfluences without license could incur up to five years in prison and fines of up to $ 1 million if they discuss online financial products and services.
What is the next step for Etschmann? It is now accredited to provide general financial advice *, has an apartment, has a net value of $ 570,000, wrote a book and continues to develop its tiktok.
How not to work forever Presents a neat Venn diagram to find the Sweet Spot in life. So what does the fulfillment for Etschmann mean? At this stage of her life, she says that she does not feel guilty of spending money and spends a lot of time on her hobbies.
“I love traveling, I read a lot of books, I tried to live in Melbourne and Sydney. I spent so much time working. I try to understand it again. ”
* Note: “Tash invests” by Natasha Etschmann is an authorized representative of Guideway Financial Services Pty Ltd, according to the company Financial Services Guide. Tash Invests receives Guideway costs where Tash refers to Guideway to receive: financial services, education and coaching services and / or mortgage brokerage services.
