Imagine transforming a modest start into a million-dollar net worth before turning 30! That's the reality for Natasha Etschmann, known online as TashInvests. At just 28 years old, she's built a life most people only dream of, with around $310,000 in shares and a net worth exceeding $1 million. But how did she do it? It all started with a simple piece of advice from her dad: invest in an S&P 500 ETF and hold it.
From disability support worker to financial success story, Tash's journey is a testament to the power of consistent, long-term investing. She shares her insights on the 7NEWS Money Talks podcast, powered by Vanguard, where she and host Tim McMillan unpack her philosophy.
"I started with $1,000 when I was 18," Tash reveals. "Now my net worth is over a million, which is wild."
Tash's approach, which she calls "Get Rich Slow," is all about simplicity: buy, hold, and diversify. She's not trying to beat the market; instead, she focuses on a strategy that fits her lifestyle. This involves making small, steady contributions over time.
But here's where it gets interesting: Tash worked hard, often putting in 56-hour weeks, and traveled the world on a budget, visiting over 40 countries. She maximized her work time and was strategic about her spending. She emphasizes the importance of identifying what you value and being ruthless about cutting costs in other areas.
And this is the part most people miss: Tash's biggest mistake? Investing in an inverse leveraged ETF during the COVID-19 pandemic, betting against the market. She lost $5,000 and learned a valuable lesson: don't try to time the market. Her biggest win came from property, buying her first apartment during the pandemic when competition was low, which has since doubled in value.
Now, Tash runs a podcast, writes books, and helps others, especially young women, navigate the financial world. She's proof that financial success isn't about overnight riches but about making smart choices and sticking to a plan.
However, it's crucial to remember that past performance isn't a guarantee of future results. Investing always carries risks.
What's the Money Talks podcast all about? It's a 7NEWS podcast powered by Vanguard, designed to help Australians take control of their finances. Hosted by Tim McMillan, the podcast features leading financial experts who share practical insights on investing, superannuation, saving, and retirement. It's about having open, honest conversations about money, without the jargon.
What do you think? Are you a "Get Rich Slow" believer? Do you agree with Tash's approach, or do you have a different perspective on investing? Share your thoughts in the comments below!
