“How do investors make money with shares? What should I know as a beginner investor?” Investing in shares is one of the best financial game plans for building wealth over the long-term. …

A recent NAB survey reveals most Aussie’s believe $830,000 is their ‘magic’ number to be financially free. Not surprising, the amount fluctuated dramatically depending on where survey respondents lived, their income and family status. …

Here’s how Aussie millennials are sharing, spending and investing differently than generations before them. Sharing our homes and cars, investing spare change, buying bricks instead of the whole house and ethical spending are all on the rise. We’re buying less, sharing more, investing earlier and more ethically. …

FirstStep has been chosen as a finalist in the FinTech Australia ‘Finnies’ https://fintechaustralia.org.au) for Best Workplace Diversity, highlighting our commitment to workplace diversity and inclusion. Shiraj De Silva, Fund Operations Director, commented: “FirstStep is on a mission to reimagine the way we save and invest. …

Investing is an incredible wealth building tool and believe us when we say; you don’t need to be rich to get started. Begin with small amounts, learn the ropes and as your confidence grows, so will your portfolio. We’ve put together a few quick facts to help you better understand some key building blocks of investing. You’ll love the one on compound interest; money #magic. Long term investing Long term investors are running a marathon…

As the royal commission lifts the lid on outrageous misconduct in the banking, superannuation and financial services industry, Aussie’s confidence in traditional financial services and advisors continues to plummet. Revelations of ‘liar loans’, greedy, poorly educated advisors and lax paper-based record keeping show an industry riddled with fraudulent practice. The commission is confirming what many Aussies have known for years; the financial services industry is a behemoth long overdue for disruption.

Reaching true financial independence takes commitment and patience. You need to make smart money choices consistently; on a daily, weekly and monthly basis to see your net worth grow over time. Set goals, budget, kill debt, save and accelerate your wealth by investing. …

Despite stagnating wage growth, rising mortgage debts and increasing bank fees many Aussies are still finding clever ways to save and build personal investment portfolios. A Suncorp survey revealed the average Australian was putting away around $400.00 a month in 2016 with a typical savings target of $11,234.00 according to Westpac research. If getting your finances on track seems like one of life’s biggest challenges, now is a great time to turn things around. Check…

We’ve put this ‘Getting Started’ guide to help you get started with the FirstStep app (iOS / Android). In Part 5, we focus on important account settings, bank links and security settings.. So here goes.. Linking your bank Transferring funds regularly is a key part of the FirstStep journey. …