Girl on FIRE is a podcast helping women navigate their way through financial independence and retiring early. We talk about how to invest, what to invest in and how to grow your wealth so that you can continue living a life you love without going broke - even in retirement. We also discuss the unique issues and challenges that we face as women when building real wealth. Weekly episodes are hosted by budgeting and personal finance expert, Priya Karan. With over a decade of experience working ...
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60: How To Live A Level 10 Life On Any Budget (Part 2)
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🎙 In part 2 of this series, we’re talking about areas of wellness you may not have thought of and how you can take control of your wellbeing regardless of your budget. 🤔 This episode discusses topics like: 🌟 What environmental wellness is and how you can achieve it on any budget; 🌟 Ways to improve your financial wellness, especially if you’re in a …
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59: How To Live A Level 10 Life On Any Budget (Part 1)
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🎙 In part 1 of this series, we’re talking about areas of wellness you may not have thought of and how you can take control of your wellbeing regardless of your budget. 🤔 This episode discusses topics like: 🌟 What environmental wellness is and how you can achieve it on any budget; 🌟 Ways to improve your financial wellness, especially if you’re in a …
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58: How Your Age Impacts Your Investing Strategy
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🎙 On this episode we’re talking about how your investing strategy typically changes as you get older. Everyone’s investing strategy is different and yours depends on your unique circumstances. But investing strategies and portfolio structures generally follow a similar pattern as we age. 🤔 This episode discusses topics like: 🌟 Why your age matters …
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57: Are MLM’s a Money Maker or Just a Scam?
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🎙 We’re talking about whether MLMs are a money maker that can boost your income or just a scam that’ll leave you broke and desperate. How do MLMs work and why are they so dangerous? 🤔 This episode discusses topics like: 🌟 What is an MLM, how do they work and why are they so popular? 🌟 What’s the difference between a legit MLM and a pyramid scheme; …
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🎙 On this episode we’re talking about what FIRE really means. So many listeners get tripped up on the idea of FIRE when they’re planning on continuing to work or love their jobs. But FIRE can look different for everyone. Try this definition instead. 🤔 This episode discusses topics like: 🌟 What FIRE means and how it can mean different things for dif…
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55: 18 Easy Tips to Protect Yourself & Your Money From Cybercrimes
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🎙 On this episode we’re talking about what you can do to protect yourself and your hard earned money from cybercrimes like phishing and identity theft. 🤔 This episode discusses topics like: 🌟 What are some common types of cybercrimes that we’re exposed to online & what do they mean; 🌟 Ways that you can keep your privacy intact while you’re online; …
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54: Asset Allocation & Rebalancing Your Portfolio
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🎙 We’re getting back into some heavier finance topics and taking about asset allocation and whether or not you should rebalance your portfolio. Patrons also get an exclusive look at my asset allocation and what my portfolio is made up of. 🤔 This episode discusses topics like: 🌟 What is asset allocation and why does it matter; 🌟 How to rebalance you…
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53: 7 Reasons Why It’s So Hard For Women To Get Rich
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🎙 We’re honouring International Women’s Day and Women’s History Month by discussing the ways that persistent inequality continues to result in a wealth gap between men and women. But what can you do to take control? 🤔 This episode discusses topics like: 🌟 How women face financial inequality at every turn, no matter how much they earn; 🌟 How to take…
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52: 5 Ways to Practice Financial Self Care
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🎙 We’re talking about ways to practice financial self care. While chocolate cake and face masks are fun self care, focusing on financial self care can help reduce money-induced stress and anxiety. And that means you’re more worry-free to enjoy the rest of your life. Patrons are also getting a few bonus tips! 🤔 This episode discusses topics like: 🌟 …
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51: What Is Financial Minimalism and How To Practice It
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🎙 This week we’re talking about financial minimalism. We’re talking about what it is and a few ways that you can practice financial minimalism. Financial minimalism can be defined in a number of ways. It’s kind of one of those “woo woo” millennial concepts that means different things to different people. But is it right for you? And how can you pra…
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50: Are Your Favourite Finfluencers Spreading These Toxic Positivity Affirmations?
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🎙 Financial affirmations are a big deal in the finfluencer community these days. And while affirmations can be helpful in creating the mindset shift you need to achieve your goals, they can also be a prime example of toxic positivity. But how can you tell the difference? And what can you do instead? 🤔 This episode discusses topics like: 🌟 What affi…
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49: What Is The ‘Paying Yourself First’ Rule and Does It Work?
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🎙 The idea of ‘paying yourself first’ is an old and common concept of responsible financial management. It’s something I’ve used in my own finances for years. Today we’re going back to basics talking about this rule. 🤔 This episode discusses topics like: 🌟 What ‘paying yourself first’ means and what to look out for when you try implementing this ru…
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🎙 Bought it on AfterPay? You’re at risk of totally ruining your finances! AfterPay and other buy now, pay later services may seem like the answer to your money problems. But are they really that great, or are they financially toxic and predatory schemes leading you down the road to financial ruin? 🤔 This episode discusses topics like: 🌟 The real re…
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47: Why Retail Therapy Is Keeping You Broke and How to Get It Under Control
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🎙 Having a bad day? Need some retail therapy to perk you up? You’re not alone. We all need to treat ourselves from time to time. Retail therapy can be good for you, but it can also be super detrimental to your finances if you’re not careful. That doesn’t mean you should stop spending, it just means you need to keep it under control. But how? 🤔 This…
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46: Ditched Your New Year’s Resolutions? 3 Hacks to Stay Motivated on Your Financial Journey
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🎙 If you set New Year’s Resolutions for your life and your money this year, chances are, you might have already given up on them or you’re close to quitting. In this weeks’ episode, we’re talking about how to stay motivated and keep on track with your goals, whether they’re goals for your money or your life. How can you make 2022 your best year yet…
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45: 4 Things I Learned About Money While Living in Europe for 15 Months
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🎙 This week, I’m sharing some of the money lessons I learned during the life changing experience of living in Europe in 2018 and 2019. I’m not exaggerating when I say that I came back to Australia after that experience as a changed woman with huge plans. COVID had other plans, of course, but the lessons I learned still follow me around every day. 🤔…
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44: 8 Things to Set Yourself Up for Financial Success In 2022
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🎙 We’re back from our end of season break and season 2 is going to be better than ever! This week, we’re kicking things off with a checklist of 8 simple things you can do right now to set yourself up for financial success in 2022. 🤔 This episode discusses topics like: 🌟 How to make sure your emergency fund is ready for the new year and any changes …
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43: 30 Things I’ve Learned About Life and Money (Birthday Special — Part 2)
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🎙 This week, is the season finale of the first season of Girl on FIRE. And to mark the special occasion, I’m finishing off the season with part 2 of my 2-part series where I share 30 lessons about life and money I’ve learned in 30 years of roaming the planet. 🤔 This episode discusses topics like: 🌟 The #1 quote I remind myself of everyday to make s…
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42: 30 Things I’ve Learned About Life and Money (Birthday Special — Part 1)
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🎙 This week, I’m kicking off a 2-part series to end the first season of Girl on FIRE with a bang! As I prepare to celebrate my 30th birthday, I wanted to share some lessons and wisdom I’ve learned about money in my 30 year trip around the sun. 🤔 This episode discusses topics like: 🌟 The #1 lesson I learned about money that has shaped all the decisi…
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41: How to Choose Which ETFs to Invest In
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🎙 This week, we’re talking about how you can choose which ETFs to invest in. We’ve talked about the magic of ETFs many times on this show, but when it comes to actually investing in them, it can be hard to choose which ETFs to purchase. There are tons of options out there and it’s easy to get overwhelmed or confused, especially for beginners. So, h…
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40: How to Save Money for Anything You Want on Any Income
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🎙 This week, we’re talking about how to save up for anything (and everything) you want, no matter what your income level is. Sinking funds are a great way to set aside money for all your life goals so that you can build the life you want without having to struggle from paycheck to paycheck or rely on debt and credit cards. But what are sinking fund…
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39: How Wealthy People Can Still Be Broke
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🎙 This week, we’re talking about how wealth and income are different things. And having a high income doesn’t necessarily mean that you have wealth. This is a super important distinction especially on social media where we’re all vulnerable to the comparison game. But if your income doesn’t make you wealthy, then what does? 🤔 This episode discusses…
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38: How to Be a Socially Responsible Investor
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🎙 This week, we’re talking about how to make a difference with your investing. Just because you’re investing to make money and build wealth, it doesn’t mean you can’t support the cause and social issues that are important to you. But how can you save the planet, support racial and gender equality while making money? 🤔 This episode discusses topics …
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37: Is Financial Infidelity Really as Bad as It Sounds?
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🎙 This week, I’m giving you a ton of food for thought. We’re talking about financial infidelity — what it is, when it happens, why it’s so bad and why A LOT of people think it’s worse than cheating. But we’re also going to take a good look at the concept of financial infidelity and discuss whether it’s really that bad. 🤔 This episode discusses topi…
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36: The Choices We Make and the Chances We Get
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🎙 This episode is quite different to other episodes on this show. It’s a call to action to remind you not to waste the opportunities you get to make choices for your own life and your own future. Because that’s what Afghan women have faced in the past in the wake of Taliban control. And we’re about to watch history repeat itself from the safety of …
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35: How to Pick Stocks to Invest in (Part 4: Non-Financial Factors)
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🎙 In part 4, the final part of this series, we’re looking at non-financial factors that can make or break a stock market investment. When picking stocks, it’s important to consider not only the company leadership team, but also the political and economic factors where the company operates. These factors will impact the returns you can earn on your …
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34: How to Pick Stocks to Invest in (Part 3: Financial Security)
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🎙 In part 3 of this series, we’re looking at how to determine whether a company is solvent and liquid — meaning whether it can pay it’s bills and isn’t secretly broke. Knowing the difference will give you peace of mind that your money is invested in a safe company. But how can you determine the financial security of potential investment options? 🤔 …
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33: How to Pick Stocks to Invest in (Part 2: Profitability and Valuation)
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🎙 In part 2 of this series, we’re looking at some of the key ratios you need to be aware of when you’re learning how to pick stocks. We’ll focus on some of the key profitability and valuation ratios like EPS, P/E ratio and return on equity. These help investors determine whether or not a company is a good investment choice for their investing strat…
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32: How to Pick Stocks to Invest in (Part 1: Understanding Financial Statements)
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🎙 Picking stocks to invest in is not an easy task. There’s a lot that goes into it and it carries more risk than a well diversified ETF. But when done correctly, picking individual stocks to invest in is a great way to boost your wealth. But how do you go about picking stocks? And why do you need to be able to understand a company’s financial state…
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31: Why Is It So Hard to Save and Invest for Retirement
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🎙 For most of us, saving and investing for retirement is hard to do. We need to find the money in our current budget to invest for our future selves. But that’s not all. There’s a psychological reason why investing for retirement is so hard. But how can we get past it? 🤔 This episode discusses topics like: 🌟 Why DIY retirement schemes make the goal…
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30: How to Reach FIRE Even Faster With a 401(K) / Superannuation
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🎙 The race to FIRE is a tough one. It takes years of dedication to investing and growing your portfolio before you reach financial independence and you can retire early. When you retire early, you need a bigger nest egg because you’ll be drawing income from your investments for decades longer than traditional retirement. And it takes decades to bui…
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29: How Much Is Your Freedom Worth? (Opportunity Cost and Why It Matters)
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🎙 This episode has the power to change your life. Once you learn this, you can’t unlearn it and you’ll be seeing it everywhere. In this episode, I talk about opportunity cost and what that means for your finances. But I also talk about how it reflects what your freedom is worth. The financial choices you make have more than just a financial impact.…
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28: How To Retire Early (Calculating Your FIRE Number)
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🎙 In this episode I give you a behind the scenes look at my FIRE number calculation and my expected early retirement age. I’m covering all the variables and assumptions that you need to calculate your own path to FIRE. Early retirement isn’t just for the super rich. If I can plan for it, you can plan for it too. But it’s super important that your F…
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27: Why The Stock Market is Stupid and Investors Are Too Emotional
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🎙 Emotional investing…speculation…market sentiment… these are all the things that drive the stock market. Which means that they determine what happens to your wealth, even when you have a solid and well-researched investing strategy. So, how do these forces actually work, and how can you protect your wealth against them? 🤔 This episode discusses to…
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26: Why Day Trading Is Like Gambling and Long Term Investing Is Queen
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🎙 Day trading is often seen as a way to get rich quick. But it’s almost impossible to day trade your way to a million-dollar retirement, especially with the effects of emotional investing and stock market sentiment. So, why does it seem like it’s the winning lottery ticket you’ve been waiting for? Why does it go wrong? And why is long term investin…
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25: How to Get Rich While You Sleep (What You Need to Know About Dividends)
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🎙 Making money while you sleep sounds great, doesn’t it? And the good news is that it’s available to anyone when you invest in stocks that pay good dividends. It’s a great way to add extra income to your wallet and boost your financial goals. Income investing through dividends is also a great option for creating an income stream in retirement. But …
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24: What Is Dollar Cost Averaging and How Does It Impact Your Wealth?
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🎙 Dollar cost averaging is a common investing strategy that’s often considered to be good for beginner investors and those investing under a long term buy and hold strategy. But it may not be the best option for you. How does it work? And how does using a dollar cost averaging strategy impact your wealth? 🤔 This episode discusses topics like: 🌟 How…
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23: How Much Money Do you Need for Retirement (Does the 4% Rule Really Work?)
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🎙 The 4% rule is a common rule of thumb used by financial experts for decades to determine how much money you need for retirement. But it’s not necessarily the best advice for a number of reasons, especially when you’re aiming to FIRE and retire many years earlier than traditional retirement. So why doesn’t the 4% rule work? And how do you then det…
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22: How to Pay Off Debt Faster and Smarter (4 Successful Strategies)
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🎙 It’s super important to pay off your high interest debt before you start investing and then continue paying off your debt while you’re investing. But paying off debt isn’t easy. And the longer it takes, the more returns you sacrifice in the market. But there is hope! This episode goes through some successful strategies you can use to pay off your…
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21: 5 Money Myths Preventing You From Living the Life of Your Dreams
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🎙 Budgeting may be the foundation you need to start investing and building real, lasting wealth. But it’s often seen as a chore that no one wants to spend time on. It’s easy to keep making excuses and believing the myths that tell you budgeting isn’t going to work for you. But those myths are keeping you broke, keeping you miserable and stopping yo…
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20: Why You Should Start Investing Before You’re Debt Free
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🎙 Popular advice will tell you to pay off your debt first before you start investing. But following that advice means that you could be leaving tens of thousands of dollars on the table when it comes time to retire. It’s important to set a solid financial foundation before you start investing. You need to learn how to manage the money you already h…
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19: How to Calculate Your Savings Rate and Determine When You’ll Reach Financial Independence
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🎙 Savings rate calculation — the #1 factor that determine when you'll reach financial independence is your savings rate, learn how to calculate it and retire earlier than you every thought possible! 🤔 This episode discusses topics like: 🌟 Why your savings rate is the #1 factor that will determine when you’re able to retire; 🌟 How to calculate your …
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18: How to Invest in Bonds and Grow Your Wealth the Easy Way
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🎙 Bonds have been a great way to invest for income for quite some time. Even if Captain America isn’t getting on stage to sell them. But what are bonds and how to you invest in bonds in the first place? 🤔 This episode discusses topics like: 🌟 Why lending money can be a good way to invest and generate an income stream; 🌟 Why investing in bonds is co…
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17: How to Invest in ETFs and Get Rich (the Simple Path to FIRE)
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🎙 How do you become a millionaire on autopilot? You invest in ETFs and hold on for the long haul. This is a super simple and effective way to build wealth, and reach FIRE. ETFs have been gaining in popularity over the past few decades - but what are they and how do you invest in them? 🤔 This episode discusses topics like: 🌟 Why ETFs are perfect for…
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16: How to Make Easy Money From the Stock Market (the Ultimate Beginners' Guide) (Part 2)
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🎙 Investing in the stock market is a great way to make passive income and build your wealth, even for beginners and even if you only have a little bit of money to invest. But it’s easy to lose a lot of money if you don’t know what you’re doing and you make a bad decision. 🤔 This episode discusses topics like: 🌟 Why you should’t try to time the mark…
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15: How to Make Easy Money From the Stock Market (the Ultimate Beginners' Guide) (Part 1)
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🎙 Investing in the stock market is a great way to make passive income and build your wealth. But for beginners it can be scary when you don’t know how to make easy money while avoiding the risks. 🤔 This episode discusses topics like: 🌟 The 2 ways to make money from the stock market without any extra time, effort or energy (make money while you slee…
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14: How to Start Investing: What Beginners Need to Know to Get Rich (the Ultimate Guide)
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🎙 Ready to build real wealth? Learn how to start investing and determine your investing strategy, even if you're a beginner. Your investing strategy is like a GPS for your investing. It knows where you want to go and how to get there. There’s no getting rich quick here, but it’s easy to lose a lot of money if you don’t know what you’re doing. Havin…
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13: How to Use a Credit Card Debt Free (Proven & Simple Hacks)
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🎙 Credit cards aren’t as evil as some financial experts would have you believe. When used responsibly, they’re a great tool to help you make the most out of your money and offer great benefits like points and travel hacking. But how do you use a credit card properly and responsibly without accumulating debt? 🤔 This episode discusses topics like: 🌟 …
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12: How to Ask Your Boss For a Raise (Awesome Hacks that will Empower You!)
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🎙 One of the most important aspects of building wealth is earning enough income to cover your expenses, enjoy your life in the present and invest for financial independence. And in order to do that, you need to get paid what you deserve. That’s why this week, we’re discussing how to ask your boss for a raise. It’s about maximising the income you al…
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11: The #1 Financial Metric You Need to Focus on to Build Wealth & Get Rich
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🎙 Your net worth is the #1 financial metric to focus on if you want to build lasting wealth and live the life of your dreams. But how do you calculate it? It’s not super complicated, but it’s easy to get it wrong. Get in the habit of calculating your net worth often and tracking it monthly to see how it changes. I’m sure you’ve seen people sharing …
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