What is the Raiz Philosophy? (Dollar Cost Averaging)

The Raiz Philosophy is to invest small amounts regularly. While this can’t eliminate market uncertainty, the Raiz Philosophy can help manage it, and at the same time help you learn about the markets, build financial confidence or just save and invest in the background of life.

This is the well-known investment strategy, Dollar Cost Averaging. Raiz automates the strategy and does it more frequently, with the average Raiz customer investing at least once a week. By investing small amounts regularly, the Raiz philosophy protects your investments from emotion. If prices go up, you buy fewer of the now more expensive shares and, if they go down, you buy more of the now cheaper shares. It’s an automated, disciplined approach to investing for the long term. For more information on Raiz fees, click here.

Studies suggest that losses are twice as powerful, psychologically, as gains, leading this type of investment mindset to be more likely to make the mistake of needlessly selling holdings and switching to cash in a down market. By avoiding the media hype or fear in picking the ‘right time’ through regular contributions, investors can avoid both the euphoric and depressive investment traps.

raiz-protect-investments-from-emotions — The Raiz Philosophy protects your investments from emotion

On average a Raiz customer saves $150 a month with the average balance of a customer is $1,250.

Warren Buffet recognises the strength of simple investing.

Even Warren Buffet, who is often referred to as the world’s greatest investor, recognises the strength of simple investing with ETFs:

“Both large and small investors should stick with low-cost index funds.”

In 2007, Buffett bet a New York hedge fund $1 million that his simple, low-cost investing strategy would outperform the hedge fund industry over 10 years. And he won.

savings goal — Raiz Savings Goal Feature

Stick to your savings plan and invest small amounts regularly, no matter the market condition. By protecting your investments from emotion, the Raiz Philosophy is one of the keys to helping you and our community to better reach your financial goals and enable a healthier balance over the long term.

Remember: “The best time to plant a tree was 20 years ago. The second best time is now.”

Any returns shown or implied in this email are not forecasts and are not reliable guides of future performance.

Video – How Raiz Protects your investments from Emotion

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Download it for free in the App store or the Webapp below:

download-raiz-app — Click to download the Raiz app

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Raiz Kids is a simple way to save and invest small amounts regularly for your children/grandchildren.

We understand that life gets busy, life gets messy, especially when you have little ones. For the parents and grandparents in our Raiz community, we know it is not simple to get started on a savings fund for your kids.

What is Raiz Kids?

Raiz Kids is a simple way to save and invest for your children and/or dependents who are under the age of 18.

Just like your main Raiz balance, you can invest your spare change from everyday purchases, set up a recurring or lump sum deposit towards you and your chosen Raiz Kid(s).

You can control the access your Raiz Kids have

Raiz Kids can have direct access to their own investment portfolio, with your permission. This can be an immersive way to help your kids understand how financial markets works and start developing savings and investing habits that they can take with them into their adult lives.

But don’t worry, you get to choose how much access your Raiz Kid has. If you give permission in the settings, your Raiz Kids can choose their own portfolio, or can make changes to recurring investments as an example. You can also choose to get notified any time a Raiz Kids account makes changes to these settings.

You can have multiple Raiz Kids accounts, each with different settings and permissions

Each Raiz Kids account can have different permission and controls, tailored to suit the age of the child and what control you would like to give. Each Raiz Kids account can have a different portfolio selection. You can have different one-off and recurring investments for each Raiz Kid, which could be great for different investment pocket money or does different chores around the house that are done 😊

How to setup a Raiz Kids account within your Raiz Invest account?

Head to “Invest” on the home page of the Raiz App or website and scroll down to “Automatic Savings for your Child”
Enter the personal information of your child, such as their name and D.O.B. (this may be prefilled if you already have been using Raiz Kids).
Choose what level of control your child can have over the investments
Choose if you would like to create a recurring investment, whether its daily, weekly, fortnightly or monthly
Select from one of seven Raiz Portfolios to suit your risk tolerance, or build your own using Custom Portfolio
Determine what notifications you would like to receive when your Raiz Kid makes any changes to their account.

Give your kids the gift of investing

We want to give you the chance to see firsthand and free of charge how these new features can help you invest for the next generation.

We will email you a minimum of 30 days before the Raiz Kids feature will start incurring a fee. The PDS outlines what the new fee structure is.

It is important to note that just like Raiz Invest accounts, Raiz Kids accounts carry investment risk.

To see Raiz fees, click here.

To see if Raiz is a suitable investment product for you, please read the PDS.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Versive, Inc., an award-winning AI-based cybersecurity company, today announced that Raiz Invest Limited (Raiz), a mobile first micro-investment platform based in Australia, is using the Versive Security Engine (VSE) to help protect sensitive customer data and comply with financial regulations.

Raiz provides customers an easy way to regularly invest either small or large amounts in one of six portfolios of varying risk levels. The company has 164,000 active customers in Australia, and approximately $200 million in funds under management, growing at over 20 percent each quarter. For more information on Raiz fees, click here.

As a fast-growing financial company, Raiz wanted to increase its level of security. The company already offers bank-level security to consumers through the app to ensure customer data is held securely. In addition, Raiz recently listed on the Australian Stock Exchange and VSE is a critical component of their compliance with financial regulations. Partnering with Versive was a key step in achieving these goals.

The Versive Security Engine is built on a proprietary machine-learning platform that enables it to identify subtle patterns across massive volumes of data. VSE automatically exposes the activities that all adversaries must engage in to accomplish their mission: internal reconnaissance, collection and exfiltration. This strategic framework significantly reduces false positives so that VSE delivers only a handful of high-fidelity ThreatCases per week so that Raiz’s cybersecurity team can focus on defeating the most serious threats before damage is done.

Continuous situational awareness: Raiz’s highest priority is protecting its customers’ information, data and money. VSE provides continuous situational awareness inside customer network and detects internal and external adversaries regardless of what new tools, tactics or exploits they use.
The power of AI: VSE uses AI to automatically uncover the required chain of potential threat activity that separates the signal—the real risks to Raiz’s business and customer information—from normal network noise.
Increasing consumer confidence: With VSE running seamlessly behind the scenes, customers can invest securely with Raiz, knowing the company is proactively hunting for potential threats and shutting them down before damage is done.

Joe Polverari, CEO of Versive, said: “Hackers and other bad actors have the time and resources to successfully find an entry point into your network. Financial services companies like Raiz understand that securing their customer’s information is of utmost importance. That’s why VSE is the critical missing piece in a company’s security portfolio, delivering the most dangerous threats that are already within the network so that security teams know what to focus on to avoid breaches.”

George Lucas, CEO and managing director of Raiz, said: “As our company grows quickly, we are tasked with maintaining both our level of service and the sacred trust of safeguarding customers’ data and money. The Versive Security Engine ensures that we are on the cutting edge of cybersecurity because it is one the most sophisticated technologies to protect our customers and investors from data breaches.”

George Lucas, Managing Director and CEO of Raiz

Learn more about Raiz Security on our website.

Articles in the Media:

Australian FinTech – ‘Raiz chooses Versive’s AI-powered cybersecurity solution to strengthen financial security and compliance’

Finextra – ‘Raiz selects Versive AI to protect customer data’

Adviservoice – ‘Raiz chooses Versive’s AI-powered cybersecurity solution to strengthen financial security and compliance’

FinTech Business – ‘Raiz Invest shores up cybersecurity’

Security Brief – ‘Raiz chooses AI-powered cybersecurity solution for financial security and compliance’

Financial Standard – ‘Raiz beefs up security with AI’

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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How Australia’s #1 Investment App use insights and research into the millennial audience to inform strategy and grow tools for finance education

Raiz Invest Limited, the mobile-first micro investing platform, improving the financial confidence for over 164,000 Australians, is strategically using research and insights to continuously garner understanding and awareness of their customer needs, with the help of Dr. Jake An, Raiz Invest Research Phd and in conjunction with major Sydney Universities.

Dr. Jake An – Research & Development at Raiz Invest

Dr. Jake An applies his PhD theories to Raiz customers to improve the user experience and is now the brains behind the continuing research program of Raiz. His role is to merge his two passions, academia and research applying them to real world of financial literacy and behaviour. Working with Raiz since 2016, Jake identifies business problems and works directly with academics around the world – including Australia, Israel and Oxford University in the UK – to help solve them.

In a true success story, Jake came to Australia from Korea at age 11 and taught himself English, via economic and business text books. Jake has since hard-wired his brain for analysis since arriving in Australia. This passion for business and research led him to Raiz where he now works to dissect consumer behaviours to inform product development helping Australians become more financially savvy and set themselves up for the future. He believes that the critical element in furthering the growth of the FinTech industry in Australia and beyond, is tapping into the power of online word-of-mouth content.

Through his PHD, whilst at UNSW, Jake conducted research on the effectiveness of a company crafting the word-of-mouth message for a customer, rather than relying on customers to craft the message on their own. The research provides substantive marketing insights in terms of how FinTech companies can better design sharable word-of-mouth content, to generate greater customer referrals on digital platforms and create social benefits.

Managing director, George Lucas, said: “Jake needed a real-world test of his theories to complete his research and reached out to Raiz for assistance. He was instantly a hit and began working with Raiz to shift the company from a sale-oriented word-of-mouth (WOM) approach to a story-oriented WOM approach. Today, it’s an approach that’s borne great success for Raiz. From someone whose business career started when he requested his aunty to send him shoes from Korea which he could sell at Westfield Blacktown for a profit, to an expert in exploring the concept of word of mouth marketing to shape the Raiz brand, his story is one to call out in the finance industry.

The research is now a prime example of how data can empower customers by creating social benefits. The key benefit being that Raiz has now empowered customers to increase their personal influence and help others improve their financial confidence too. He is a motivation for millennials looking to educate themselves in finance.”

Jake is also informing Raiz’s business strategy and growing the brand through his application of concepts around pragmatic learning theories and how they can be applied to finance education through insights and research – a key element of the Raiz Invest platform today.

The work from Jake is a clear example of how education into the benefits of sound finance behaviours and the finance sector has contributed to building one of Australia’s most successful start-ups, who are using insights to understand the millennial audience to inform their strategy and continue to grow the brand as a tool for finance education.

The research conducted is currently under review with the Journal of Marketing, the leading international peer-reviewed academic journal in marketing and is also a finalist for Best Communications Campaign in the Australian FinTech Awards.

See our other blogs – ‘New research on money issues by Raiz‘

Media Coverage:

Adviser Voice – ‘Meet the brains behind Raiz Invest research and insights’

Australian FinTech – ‘Meet the brains behind Raiz Invest research and insights’

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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by John Liston – Nixer

For some, the tax season is a time people look forward to, having paid their taxes all year and are looking to get a nice refund to compensate for all the tax deductible expenses they have paid throughout the year.

There are a few new changes in legislation that can help the everyday Australian get some well-earned tax relief.

Deductible expenses depend on your industry; however, a general rule is that if your expenses have a direct correlation with earning your income, then you can claim it as a tax deduction. Then there is also your contribution to superannuation marginal rate, however a tax of 15% will be applied in the superannuation fund on these contributions.

Mobile Phone – tax deductions

If you use your mobile phone to make work calls, text messages or use the data for work purposes, then you can make a claim. To substantiate the claim, you will need to have a record that justifies the work-related percentage of your mobile phone expenses that you intend to . Please note that you are not able to claim mobile phone expenses if your employer reimburses you or pays your bill.

Motor Vehicle – tax deductions

You can make a claim for work related travel (and vehicle expenses provided they meet the eligibility criteria, such as keeping a log book or a log of work related kms. An important point to note here is that you can’t claim travel from work to home or vice versa. Click here to refer to our help section for more information on this.

Ensure your health insurance is at the correct level.

If your income is $90,000 as a single adult or $180,000 for a family and you don’t have private health insurance, then you will be required to pay the Medicare Levy Surcharge (MLS). The MLS is at least 1% of your adjusted income and basic private health insurance is usually less than 1% of your income.

Based on this information, it could be cheaper for you to take out private health insurance instead of paying the Medicare levy surcharge.

Have a look into what private health insurance is relevant to your circumstances and then work out if it would be cheaper for you to have it than not have it.

Income protection insurance – tax deductions

Income Protection Insurance is an insurance that will replace your income if you are unable to work due to injury or sickness.

One of the benefits of having Income Protection Insurance is that it is Tax Deductible if it covers your regular income!

Claim your donations – tax deductions

The ATO allows people to claim a tax deduction for any donations given to a deductible gift recipient (DGR)!

You are allowed to claim a tax deduction for a gift if it meets the following conditions:

The gift must be to a DGR
The gift must be money or property
The gift must be a gift, which basically means you receive nothing in return

Click here for more information

______________________________

About Author:

Want your tax done in less than 10 minutes? Head to nixer.com.au, enter your details and Nixer will do the rest. Nixer is Australia’s most innovative online tax agent, offering a unique online tax experience built for Raiz users. Plus as a Raiz user, you receive a special $10 discount on your tax return and $5 invested back into Raiz account when you lodge. Please check your emails for this offer or find Nixer through Raiz Rewards as you must sign-up through your unique link or code.

Every tax return is carefully reviewed by Nixer’s team of qualified accountants to check for accuracy and to help you find extra deductions.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Raiz Rewards is our cashback or rather “cash-forward” loyalty program, accessed on the Raiz mobile app or website. We’ve transformed loyalty by giving you the opportunity to earn cashback with some of your favourite brands.

You shop online as normal and the retailer you shop at automatically invest a Raiz cash reward back into your Raiz account just because you made a purchase.

From June 2019 – September 2019, we invested over $193,000 back into our customer’s Raiz Invest and Raiz Super accounts.

Since inception, we have invested over $1,000,000 back into our customers Raiz Invest and Raiz Super accounts, with the average Raiz Reward per transaction being $5 invested.

For more information on Raiz fees, click here.

Better than loyalty points!

Racking up points which you can redeem later have been the traditional model for rewards programs. With Raiz Rewards, just by clicking through our links, you can earn a cash reward on eligible purchases.

We’ve partnered with over 200 retailers to fund either a percentage or a fixed dollar cashback which appears into your Raiz Account. Raiz Rewards sets a new standard for rewards programs by helping you invest in your future through your purchasing behaviour.

This feature helps customers who shop online to increase their savings, meet their financial goals, and improve financial confidence. In addition to the cashback, we also work with brands individually to provide special promotions for our Raiz customer base. Watch out for our in-App messages.

How does Raiz Rewards work?

With the click of a button (or tap of a finger), you could be on your way to receiving cashback after making a purchase with one of our partners.

Simply go to the Raiz Rewards section in the Raiz Invest app. Find the brand you’d like to purchase from and click the ‘Shop Here’ button. You’ll then be redirected to the partner’s site where you must make your purchase immediately without clicking any other external links.

Where do Raiz Rewards appear?

The Raiz Reward will typically appear back into your Raiz account within 30 days from the date of purchase. You can view the total amount of Raiz Rewards invested by clicking the History tab in the app. You can see the history of Raiz Rewards invested from specific partners in the partner’s page under the Raiz Rewards tab.

Please refer to individual partner terms and conditions before purchasing to understand eligibility requirements and when to expect a Raiz Reward deposited into your account.

Where does the reward come from?

Brands pay us either a percentage or a fixed dollar amount per sale which we use to cashback to you as a Raiz Reward. Essentially, we use the money to buy shares on your behalf which are invested back into your portfolio.

What brands do we partner with?

We partner with many local and international brands across a variety of categories in our Raiz Rewards section. We currently have partners in fashion, food, travel, tech and more.

We’re also constantly on-boarding new partners so be sure to check the app and any communications about new partners. This means more opportunities for more rewards into your Raiz account.

Start earning cashback through Raiz Rewards now in the Raiz mobile app or web app:

Open Raiz app — Click here to open Raiz Rewards

Articles in the Media:

‘Shop Smarter’ – Whimn

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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New research on money issues by Raiz Invest Limited, the mobile-first micro investing platform, improving financial confidence for over 160,000 Australians, has found that financial stress is having a negative impact on the sex lives and wellbeing of millennial Australians. The research found that men are more likely to believe that financial stress has a negative effect on their sex life than women, whereas women feel the impacts on their wellbeing. Almost one in 10 (nine per cent) admitted they would sacrifice their relationship for financial confidence. Previous research conducted by Raiz found that money issues are a significant cause of stress in young people.

The survey identified the differences in financial stress on men vs. women. It also looked at confidence levels of 1,000 respondents when it came to money issues, debunking many of the myths around financial security along the way.

Women more financially stressed than men

The findings revealed that 42 per cent of women often / always felt financially stressed, compared to just 28 per cent of men. Women felt this stress impacting their wellbeing, stating the regular side effects of financial pressures included sleepless nights (65 per cent), depression (64 per cent), and illness (45 per cent).

Raiz Invest managing director, George Lucas, said: “We hope taking active steps to managing personal finances, like using the Raiz app should be empowering. As financial confidence increases, we hope to see the negative wellbeing impacts diminish. This year, we’ve already seen women account for 41 per cent of new Raiz investors. We hope to see this number increase year on year to contribute to lower levels of financial stress currently evident amongst young women.”

Male sex life impacted by financial stress

Despite women being more financially stressed, men are more likely to believe that financial stress has a negative effect on their sex life, with a third of male respondents telling us this has an impact.

There were also clear differences in attitudes toward financial stresses and sexual sacrifices – with women (three out of ten) much more likely to give up regular sex than men (28 per cent vs. 16 per cent) to achieve financial security.

“Not surprisingly, financial stress has a differing burden on men and women in their everyday lives. There is still education that needs to be done when it comes to managing expenses, savings and investments, with platforms like Raiz empowering customers to increase financial confidence and hopefully reduce financial stresses. Raiz understands that personal finances can be difficult to manage and plan, which is why our platform aims to automate the process to work in the background of life to improve savings/investing and manage expenses and hopefully improving other parts of their life that don’t really need to be sacrificed” Lucas said.

Millennials more confident about their financial future

Despite the finding on stresses related to money issues the research found that 42 per cent of respondents are confident with their current financial status.

Lucas added: “The preconception that millennials think they will never own a house needs to start changing. We are seeing a significant trend of millennials making smart finance decisions by investing and building wealth for their futures, particularly with the research revealing that young people are feeling more confident about achieving their financial goals in future.”

See more on our blog: ‘Is the Great Australian Dream still a reality?’

To learn more about Raiz Invest and Raiz Invest Super visit www.raizinvest.com.au.

Media Coverage:

Yahoo! 7: Study reveals a third of women would choose financial security over regular sex
Men’s Health Australia: 1 in 3 Men Say This Lifestyle Factor is Affecting Their Sex Life
Daily Mail Australia: A Third of Australian women would give up regular sex for financial security – so do you agree?
Sydney Morning Herald: I had no idea about money: how Sandy found a spare $6000
- Also appeared: Brisbane Times, WA Today, Canberra Times, The Age and Stuff NZ
Inside Small Business: Money issues creating strain in the bedroom
Dynamic Business: Research: Money issues causing strain in the bedroom

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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By
Phil Usher

The difference between rich and wealthy, is that getting rich is just
about the accumulation of money. It can come and go, and if someone who’s rich
loses their money, they may have trouble regaining that or rebuilding again.

When we talk about building wealth, we generally think of
numbers or how we can increase our income, how we can invest, or how we can
make better decisions based on numbers. But wealthy people are also doing things that aren’t numbers
focused.

History is full of lotto winners that end up broke in a
matter of a few years after winning big, or sports people who are great at what
they do but not so much with their money.

But for wealthy people, it’s very much a mindset. This blog will go through
five things that wealthy people do on a regular basis that make them
financially successful. Of course this isn’t a “every millionaire does this” or
“do these things for guaranteed wealth”, it’s more a look into consistent
behaviours of the most successful and wealthy people.

1.
Exercise

First up is that they exercise. Generally they’re exercising
for at least 30 minutes a day, and they’re doing that around four days per
week. It’s not a lot, it’s not a huge commitment, but research shows that
people who exercise have much better outcomes in terms of the way that they
think, getting clarity in their life, and making decisions.

There is tons of research out there on exercise. I’ll let
you see what you can find, but exercise is something that wealthy people do
constantly.

Richard Branson is notorious for kite surfing and jogging.
And billionaire owner of the Dallas Mavericks, Mark Cuban says he does 1 hour
of cardio 6 or 7 days per week!

2.
Read

Wealthy people read. A lot of research has come out saying
that CEOs, top-level CEOs, are reading on average 60 books per year. 60 books
compared to about one or two that everyone else reads.

The information that you get from books is unbelievable. It’s
something that you can’t access anywhere. The dense information that you can
get in your ear through audio books is also an efficient use of time! You can
read for half an hour per day while your exercising. That’s health and wealth
in one hit! And I’m not necessarily just talking about fiction books either,
it’s non-fiction and ways that you can learn to improve your thinking. Do a
healthy mix between the two.

Bill Gates says that he reads 50 books per year and Warren
Buffet says he reads 5 to 6 hours per day!

3.
Network.

A lot of people say that your network is your net worth.
That means that you’re getting exposed to other people and it opens the doors
for many other opportunities. You’re not going to be able to build your wealth
just by sitting in your back room and keeping to yourself. You’ve got to get
out there, you’ve got to get to events, you’ve got to talk people.

Some of my biggest sales have come from just going to a
networking event, exchanging my card, having some food, and having a beer with
a decision maker. Prior to that, I’ve tried cold calling or I’ve tried dropping
in and they’re always too busy, but when you get face to face with someone, and
they can see what you’re like as a person, that’s when the opportunities can
really start to open up. So, get out there and start networking.

4.
Mentors

Arnold Schwarzenegger says in his book, “There’s no one
that is self-made.” Everyone has mentors, everyone has guides, everyone
has coaches, advisors. Find your mentors, find people who’ve been there and
done that with that experience.

It doesn’t necessarily have to be face to face, that’s
ideal, but I understand that it can be limiting. For me growing up, I had my
father as a mentor, but looking beyond that, in terms of building wealth, I
turned to books.

Having those books, having those people that have built billion
dollar fortunes, and seeing what decisions they make and how they operate, is
what I’ve used as mentoring as well.

Ask business owners or investors you look up to. But don’t
come out and ask ‘hey can you be my mentor?’ Play it cool. Go for coffee and
follow up with a few emails.

5.
Gratitude

Wealthy people practice gratitude every day. There’s nothing
worse than thinking and comparing yourself to others and saying how far you are
behind. Instead of saying I don’t have this, be grateful for what you do have.
There are plenty of people out there who believe that you are living a version
of their best life.

So if you’re getting sick and tired of going to work, rather
than waking up and saying, “I have to go to work today,” wake up and
say, “ I get to go to work today,” because there are plenty of people
who are out there struggling that don’t have employment who would like to be in
your opportunity and take advantage of what you have.

So, practice some gratitude. It changes that way you think,
you become a lot more satisfied with life, so you’re not out there chasing the
material things. Instead, you’re starting to chase what feeling gratitude allows
you to become.

By building your mindset, this is the muscle that you need
to raise your wealth. Once you’re able to start to doing that, and hone that,
then the money part will become easier. It’s probably 80% mindset and 20%
process, so by working on your mindset, this will go a long way towards raising
your wealth.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

Read Post

Whilst you don’t care
about retirement now (we get it, why would you if you’re young?), we can almost
guarantee you that one day you probably will. This may happen when you start a
family or just when you get older (which also we can pretty much guarantee). So,
don’t forget that your Superannuation is still
your money, just like it is your money in a bank account or your Raiz
account. You have spent time learning
to be more financially confident, so it is just as important to understand
Superannuation and how to get the most out of it.

How is your Superannuation funded?

Your employer will pay contributions
to your super fund on your behalf. It’s required that your employer pays at
least 9.5% of your salary at all times. However, it may be a great idea to
explore boosting your super balance even further and letting the power of
compound interest do its magic if you can afford it. Like the Raiz Philosophy
of investing small amounts regularly, what might be insignificant amounts now,
will add-up over your working life and could mean a big difference to your
lifestyle upon retirement.

Last year, the government
announced you can also voluntary contribute on top of the employee guarantee
payment further, cash taking the total up to $25,000 per annum and that this contribution
will be before tax (check with your advisor or superannuation fund on how this
is done). This extra ability to do voluntary contribution rolls forward for 3
years. This means if you didn’t voluntarily contribute this year, your cap
rises to $50,0000 the following financial year ($25,000 from first year, and
$25,000 from the second year).

What’s the first step to getting your Super under control? –
Consolidate.

Every year, billions of
dollars are lost in fees paid to manage and administer your super, mainly due
to a lack of consolidating your super. This is because many superannuation
funds charge a flat fee for administration. If you’ve had a lot of jobs
(casual, part time or full time), you may have all your money sitting in
separate funds or lost supers and having to pay flat fees on each fund. Consolidating all
these into one super fund could help you save on fees and help you feel more
financially confident by managing this money all in one place. Tools such as
Raiz Super, once fully launched, can help you search for all your Supers
through your TFN and can consolidate them on your behalf. For more information on Raiz fees, click here.

Did you know?

Australia was one of the few countries to avoid a major recession during the GFC, with some economists believing that Australia’s superannuation system is what helped prevent it.
Australian superannuation is the fourth largest asset pool in the world and totaled approximately $2.6 trillion in 2017.
All Superannuation products in Australia, including Raiz Super, are governed by five separate regulatory bodies including Superannuation Complaints Tribunal, Australian Taxation Office, Australian Securities and Investments Commission, Australian Prudential Regulation Authority and the Department of Human Services

Why is Super important?

Today, the average person changes jobs ten to fifteen times during his
or her career. Future generations are predicted to have this increased to 17
employer changes across five different careers. This means it will be more
important than ever to know where your superannuation contributions are going,
and how you can make the most out of it for your retirement by reducing the
fees you pay now. We know you probably
don’t care about retirement now, but you will one day. For this reason, like
your bank or Raiz account, your superannuation fund should never be out of
sight, or out of mind. It is your money and your funds for living a comfortable
future 🙂

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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1. An active Raiz Account must be held (account balance greater than $5). Raiz account holders hold valid accounts as set out in the product disclosure statement found on the website: www.raizinvest.com.au

2. Entries open Thursday 24^th May 2018 at 5.30PM and entries close Thursday 31st May 2018 at 5.30PM. To enter, one must comment on the Facebook post within the time frame stated above.

3. Raiz Invest will select five winners with a $100.00 credit investments in their active Raiz Investment Account. These five investments will be selected at Raiz’s discretion.

4. These five Raiz Account holders will be requested to message us their email and will be notified by email when the credit investment is deposited into their Raiz account by Friday 8th June 2018.

6. The permit number in the format “NSW Permit No.

LTPM/17/02522.”

7. This promotion is in no way sponsored, endorsed or administered by, or associated with any other third party.

8. By entering this promotion, you agree that we may use entries for future marketing purposes in any media or branding.

9. The competition is promoted by Raiz Invest Australia Limited, Level 11/2 Bulletin Place Sydney 2000 NSW, 1300 754 748. ABN 26 604 402 815, who is the Authorised Representative of AFSL 434776. The Raiz product is issued in Australia by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) and promoted by Raiz Invest Australia Limited (ACN 604 402 815). A Product Disclosure Statement dated 1st June 2017 for this product is available on the Raiz website and App. A person should read and consider the Product Disclosure Statement in deciding whether or not to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement, and include the risks that would ordinarily apply to investing.

NSW Permit No.

LTPM/17/02522

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Better than loyalty points!

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Where does the reward come from?

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How is your Superannuation funded?

What’s the first step to getting your Super under control? – Consolidate.

Did you know?

Why is Super important?

Don’t have the Raiz App?

What’s the first step to getting your Super under control? –
Consolidate.