Net worth

How a young woman increased her net worth from $8,000 to $900,000 in two years

In just two years, a 25-year-old podcast host managed to grow her net worth from $8,000 to $900,000.

Simran Kaur, from New Zealand, told Daily Mail Australia that she was able to quickly increase that figure by investing in stocks, renovating her dilapidated house and starting her ‘Girls That Invest’ business.

In 2020, Simran increased her savings by taking on side businesses to supplement her income and learned how to invest her money.

She managed to save $57,000 in one year to buy her first home worth $565,000 with a 10% down payment.

But the road to financial success came by sacrificing her time, as she often works 60-80 hour weeks focusing on her assets.

Simran Kaur from New Zealand (pictured) has shared how she increased her net worth to $900,000 when she was 25. She was able to quickly increase her net worth by investing in stocks, renovating her dilapidated house and starting her business ‘Girls It Invest’.

Simran and her podcast co-founder Sonya Gupthan (pictured, right) launched the Girls That Invest podcast to spread financial literacy and teach women how to invest

Simran and her podcast co-founder Sonya Gupthan (pictured, right) launched the Girls That Invest podcast to spread financial literacy and teach women how to invest

“Initially I worked a normal 9am-5pm job with a few hustles on the e-commerce side, where I sold merchandise like shirts and tote bags to a community of 300,000 plus a few other brands. e-commerce companies that were in the accessories niche,” Simran said.

At the time, she was also freelancing creating online content for financial brands.

“I realized I was good at social media, so I thought ‘if I spend so much time on Instagram and TikTok for free, why not get paid to do it,'” she said.

“All the money I made, I invested in my stocks or in my company. I lived very cheaply renting an apartment with three other people, spending less than $70 on food each week, and splitting the bills with my roommates.

How did Simran increase her net worth?

– Increase the value of the property by renovating

– Invest in stocks and ETFs

– Develop the business

– Support ancillary activities – including dropshipping and selling “print on demand” products

She also got into side businesses, such as drop-shopping and selling “print-on-demand” products.

Dropshipping involves shipping products from the manufacturer directly to the customer without the supplier or retailer ever seeing it.

“My eccomerce brands focused on dropshipping for a while, but eventually shifted their focus to print-on-demand, where an item is only made when someone buys it. “Simran said.

“It pushes ship dates back two to three days, but it means I could keep my overhead close to $0 and not have hundreds or thousands of dollars stuck in merchandise.”

Simran developed his sharp anger by focusing on side hustles in addition to renovating his house and building his businesses

Simran developed his sharp anger by focusing on side hustles in addition to renovating his house and building his businesses

Simran and her best friend Sonya Gupthan started Girls That Invest to spread financial education and teach women how to invest.

Today, the brand has a strong community of over 200,000 people, mostly women, and over 134,000 followers on Instagram.

The brand itself is now also worth six figures.

For the first 18 months, Sim said she didn’t take any paid opportunities and would speak at events for free to share her opinions and knowledge.

Now, the pair also offers a single paid product for members of our community who want a more comprehensive in-depth experience to learn more about investing.

“Our masterclass was attended by over 2000 students from all over the world from countries such as Australia and New Zealand, but also from the United States, Canada, United Kingdom, Spain and South Korea. South – it’s phenomenal!” she says.

What you need to know before investing:

– Never think that investing is something you can’t comprehend or comprehend

– Understand that you don’t need a lot of money to start

– Research the companies you want to invest in and why

– Consider exchange-traded funds (ETFs) and mutual funds rather than stocks of a single company

Before buying her first home at the age of 24, Simran had to save and budget her money strategically.

“I had to cut my spending habits by budgeting how much I spent on groceries and meeting friends at home instead of going out,” she said.

Single with no dependents, she was able to save frugally and strategically over a short period of time.

But she also had luck on her side, as she invested a large sum of money in the stock market “at the right time” to make an estimated profit of $4,730 over 12 months.

“When I had almost $50,000, I knew I had to talk to a mortgage broker and apply for a loan,” she said.

Before buying her first home at the age of 24, Simran had to save and budget her money strategically

Before buying her first home at the age of 24, Simran had to save and budget her money strategically

“I was lucky enough to invest in the bottom of the market in March and some of my investments did very well, including Tesla which gave me a 400% return on my money,” he said. she stated.

“I had tried investing in the past but decided to take it more seriously and invest as much as I could afford slowly each week.

“After graduating from university in 2019, I started working in the health sector in 2020, but after being dismissed from my job during the Covid-19 lockdown, I temporarily lived on a grant government salary.

“When I started my journey as an investor, there was no information aimed at women and it was very intimidating,” she said.

“I couldn’t find a voice that related to mine, it was just ‘finance brothers’ who over-complicated investment concepts.”

Simran said it invests primarily in exchange-traded funds (ETfs), including the S&P500, but also in specific companies – Tesla, Shopify, Apple, Amazon and Google – using Sharesies and Hatch.

She also dabbled in cryptocurrencies by holding Ethereum, Litecoin, and Dogecoin, which was a risky investment.

Over time, she initially invested $14,581 and made an estimated profit during the year of $4,730.

On top of that, she had personal savings of $28,629 and $8,902 in her existing KiwiSaver account.

Over a short period of time, the Girls That Invest podcast is considered

In a short time, the Girls That Invest podcast is considered “one of Australia’s biggest women’s investing podcasts”.

In August 2020, Simran and Sonya extended the name “Girls That Invest” and launched a podcast for women to “break down the investment jargon” and make it easier to understand.

“We’re two women who talked about investing in a fun way that wasn’t intimidating – we talked about NFTs, crypto, how to start investing, the best ETFs, and things to watch out for. “

Over a short period, the podcast is claimed to be ‘one of Australia’s biggest women’s investing podcasts’ as well as among the ‘top two investing podcasts in New Zealand’.

“We’re not telling women what to invest in, we’re just simplifying what the stock market even is, how to tell the difference between an ETF and an index fund and show broadly that investing should and can be for women and men. marginalized groups,’ she says.

In addition to saving, Simran encourages women to start investing and find ways to increase their income

Before investing, it is important to always do your own research and only invest as much as you can afford to potentially lose.

In addition to saving, Simran encourages women to start investing and find ways to increase their income

In addition to saving, Simran encourages women to start investing and find ways to increase their income.

“There’s a limit to how much you can save, but there’s no limit to how much you can invest,” she said, adding, “And it’s really, really simple.”

Before investing, it is important to always do your own research and only invest as much as you can afford to potentially lose.

Simran’s Top Investment Tips

Not monitoring or checking inventory every day

Be patient and don’t let market “ups and downs” scare you away

Have a plan in place

Accept the risks involved

Understand that investing is not that complicated

Only invest what you can afford

Do your research using available books, podcasts and videos