What does getting serious about money actually look like when you’re starting from scratch?
For Elliott O’Callaghan, it started with a $10 investment at McDonald’s with his mates. Fast forward a few years and he’s gone from zero invested to more than $30,000, with around 35% of every pay now going towards investing.
Ana chats with Elliott about learning the basics of investing, making money habits part of his routine, saving towards his first property and finding ways to enjoy life without spending on everything.
In this episode:
💸 Why Elliott once thought investing was just for rich people making complicated stock market moves
📈 How his first $10 investment eventually became a portfolio of more than $30,000
💰 Why around 35% of every pay currently goes towards investing
🏠 His plan to use the First Home Super Saver Scheme while working towards buying property in the next 3 to 5 years
📊 How he deals with rising property prices by focusing on the money decisions he can actually control
🍵 The spending rule that means matcha and sushi are better enjoyed with someone else
📚 Why the library might be one of the most underrated money-saving tools around
🧴 And yes, Elliott explains why shampoo and body wash have disappeared from his shopping list.
From investing $10 to building a five-figure portfolio, this is a very GRSC look at what can happen when you start small, learn as you go and build money habits that actually fit your life.
Disclaimer:
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-guide
If 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.
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