“… just kidding,” he said.
Tash Etschmann was one of Tiktok's earlier adoptions, and he successfully found his niche in personal financial content.
Four years forward, and he accumulated a net worth more than $ 500,000. Now, he wants to teach fellow Australian children how to get there.
“My parents always talk about money tomorrow when I was young,” Etschmann said. “When I get older, I realize this is not the case with many of my friends.”
Etschmann worked There are many jobsIncludes retail H&M, in hospitality at an AFL stadium, and as a swimmer and optical dispenser. He is a Residential support worker when he bought his apartment four years ago). She is currently working on her own, and over a year.
He always followed some creators of financial content in the US, but did not find many people in Australia doing this. “There was definitely a lack of financial education, so I did what I did,” he said.
He is the co-author of the new book How not to work forever, which is a manu -manu, guide and level of entry “dictionary” of types. Think of it as money management for dummies. This is a partnership between Etschmann and Ana Kresina, co-host of one of Australia's leading podcasts Be rich clubs rich.
The book indicates what seems to be the scary world of investment, which will break it into easily dissolved concepts. Cash, bond, equities, interest rates, commodities – the book has it all. Crypto is also mentioned, but as an “alternative possession”.
“Crypto is a higher risk,” Etschmann said. “To me, this is something you should buy in smaller amounts. Nor is it a regulated financial product. However, the crypto looks more exciting than, say, an index fund, so I see why some people are disturbing.”
Crypto is teasing the Australian children
Etschmann is not wrong. A significant number of young Aussies are intrigued by crypto. This is a market that is not sleeping and completely mental, which is probably why people are drawn to it.
June's monthly market report of June from Binance Australia shows that Altcoin – any cryptocurrency other than Bitcoin – Aussie users' trade volumes have grown 3.75 times worth in the last two quarters, though no general dollar numbers are provided.
Bitcoin and Ethereum remain the most traded cryptocurrencies of Aussie users. Noteworthy, most of the “Memecoins” follows this – cryptos based on Internet memes on the Internet that have little to use in real life. Dogecoin, Pepe Coin and Shiba Inu Coin are among the top 10 trending cryptocurrencies for the Aussies.
Does Etchmann hold crypto? Yes, but it only forms “five percent of my portfolio”, he says The chainaw. “I don't talk about it too much because I want my audience to focus first on the key steps, such as saving for an emergency fund.”
The Etchmann's 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 he could go back in time and give his younger financial advice to herself, Etschmann joked that he would tell himself to “go buy bitcoin”.
Artificial Intelligence (AI) is currently all hype for investors worldwide. So, one of the leading creators of Tiktok content is holding any tech stocks?
“No. It takes a lot of research to stay at the top of individual companies. I don't enjoy sitting there studying individual stocks, so I just bought ETFs. I think I was a bit easy to travel with money since I started young. [Hitting financial goals] It always felt like it could be achieved. “
Aussie Tiktok “Finfluencers”
In 2022, after a warning from the Australian Securities and Investments Commission (ASIC), Australia's “Finfluencers” – a portmanteau for financial influencers – would have to obtain financial advice licenses to continue sharing their content.
In response Etschmann and other popular local finfluencers such as Queenie Tan (@investwithqueeine), Aleks Nikolic (@bokegirlwealth) seek permission from financial advisor companies. They are already able to provide general financial advice on social media.
Although Finfluencers such as Etschmann have been the authorized representative of financial financial counsels, unauthorized creators who provide financial advice will remain popular with Tiktok. Every asic's sheet of information In “discussing financial products and services”, released in March 2022, unlicensed finfluencers could face up to five years in jail and a fine of up to $ 1 million if they discuss financial and online service products.
What's next for Etschmann? He is accredited to give general financial advice*, owns an apartment, has a net worth $ 570,000, wrote a book, and his follow -up continues to grow.
How not to work forever Presents a clean Venn diagram in search of a sweet place in life. So, what does it mean for Etschmann? At this point in his life, he said he was not guilty about spending money, and spent a lot of time on his hobbies.
“I liked to travel. I read a lot of books. I tried to live in Melbourne and Sydney. I spent working for a long time. I was trying to find out.”
*Note: Natasha Etschmann's 'Tash Invests' is an authorized representative of the Guideway Financial Services PTY LTD, every company Financial Service Guide. Tash Invests is paid a fee from the guide where Tash refers to you in the guide to receive: financial advice, education and services to coaching and/or mortgage collapse services.
