What makes Blossom special is how they offer the benefits of a higher return investment, while smoothing out the volatility that usually comes from something that pays you more than the peanuts you would get in a Term Deposit.
Your mindset is just the essential first step in the process, one that is rarely understood. Thinking and doing nothing won’t make any material difference in your life, but it’s the mindset you can ‘think’ your way into that can.
Now I had the motivation to sort my finances out, but I didn’t have the skills. After listening to a few podcasts, I never really found anything that clicked. My motivation was starved of strategy. I was going nowhere.
When I talk about investing, the eyes of the poor soul I’ve cornered start to glaze over within the first few seconds of the conversation. They usually start to edge away, looking at their watch and wondering when this nerd is going to shut up about compound interest.
Fast forward four years, five moves, and quite a few jobs and we are well on our way to financial security. We even funded our own wedding (in our garage) and had a baby! All of this was achieved while never earning over 50K AUD a year.
I grew up in a family that didn’t put focus on material goods and, in most cases, it was a good thing. We always valued experiences more than things and if wealth was measured in fun and togetherness, we were filthy stinking rich.
The one thing that has helped my family get ahead the most is our bank. I know, banks are evil yada yada yada. We can talk about that until the decentralised cows come home, but the reality is, we need them.