The Power of $500: Turn it into $6,211, $12,331, $39,000, $109,528 || SugarMammaTV

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  • Опубликовано: 12 июл 2024
  • In this video I tell you about the power of $500. There are so many strategies you can use to grow your finances, and you can start with only $500! Think about paying your mortgage off, getting ahead on your superannuation, and creating a diversified investment portfolio. No number is too little to start investing -- in fact $500 a year is only about $10 a week. Let me know in the comments below how these tips work for you!
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Комментарии • 67

  • @ashleybailie8867
    @ashleybailie8867 6 лет назад +5

    When you break it down like that in little chunks of money working for you it really does make sense! x

  • @yj12o2
    @yj12o2 6 лет назад +26

    Love this type of content!!! No one tells you these things but it's so powerful and easy to understand when you break it down for us like that

    • @SugarMamma
      @SugarMamma  6 лет назад

      Thank you that is exactly one of the reasons I started this channel.

  • @annafranklin4981
    @annafranklin4981 6 лет назад +25

    Well, Canna, you'll be proud of my girls. After meeting you they were keen to watch this video so we all sat and watched this one together as a family tonight. They got their playslips out and we've looked at their savings plans again. I think it will be Money Monday for all three of us from now on! Thanks again for everything! x

    • @SugarMamma
      @SugarMamma  6 лет назад +3

      What a great idea to do all together.

    • @SugarMamma
      @SugarMamma  6 лет назад +2

      So happy to hear this! xCC

    • @jg5558
      @jg5558 5 лет назад

      That’s really awesome

  • @NoraTKD
    @NoraTKD 6 лет назад +10

    Great video Canna! I like these financial advise videos, the long term benefits of the compounding is amazing! That is why we should learn more math in school to actually calculate these kinds of things.

  • @michelarosier1918
    @michelarosier1918 6 лет назад +4

    Right, on time to watch for Monday video. Thanks, for sharing these wonderful tips and yes I will look upon the website for amazing discount. Thank you,❤👐👏👍

  • @mademoisellejaime
    @mademoisellejaime 6 лет назад +1

    I'm currently playing catch up on my videos but just wanted to say what fantastic advice Canna! I love the idea of paying off our home loan 8 months earlier (or even better yet - developing more wealth through investing in shares!). Definitely going to be putting this into action and thanks for the motivation, as always

  • @AussieMoneyMan
    @AussieMoneyMan 5 лет назад +6

    I know I'm not your usual demographic but I am really happy to see a fellow Australian talking about personal finance.
    Keep it up!

    • @SugarMamma
      @SugarMamma  5 лет назад +1

      Thank you! I will check your channel out xCC

    • @AussieMoneyMan
      @AussieMoneyMan 5 лет назад

      @@SugarMamma Thanks! 😀

  • @jeanbb3283
    @jeanbb3283 5 лет назад +2

    Amazing! Love this type of accessible, powerful content!

  • @amyhagen94
    @amyhagen94 6 лет назад +14

    You inspired me to start studying Business 💕

  • @alanaparera7336
    @alanaparera7336 6 лет назад +2

    Great content. Thanks very much, Canna! This seems very achievable :)

  • @Nectaria2007
    @Nectaria2007 6 лет назад +3

    Love your enthusiasm Canna!! Will def be investing that money! Thanks for keeping us motivated and informed 👍🏻

    • @SugarMamma
      @SugarMamma  6 лет назад

      Thank you for watching! xCC

  • @sunsets6075
    @sunsets6075 6 лет назад

    Wow! What a great video packed with LOTS of helpful info, this is why your chanel is my favorite 😊

  • @eljilalibammad5038
    @eljilalibammad5038 4 года назад

    Thanks a lot for the tips.

  • @samanthagemmell3012
    @samanthagemmell3012 5 лет назад +1

    Just thought I would share - I watched this earlier this afternoon, and about an hour later, I got a notification from my super app that the government just deposited $500 into my super as a co-contribution. Talk about manifesting money!

  • @ellypratt246
    @ellypratt246 6 лет назад +1

    So inspiring ✨ the initial 500$ investment could come down to sacrificing only 2 coffees per week 💰

  • @salsamite
    @salsamite 6 лет назад

    Hi Canna, I’ve been watching your videos since the beginning and recently bought your book (admittedly I haven’t started it yes as I’m on another, but can’t wait!) I find a lot of your advice really relevant to me, but as I’m a small business owner I wondered if there are certain things you’d advise doing differently? For example I have always bought my cars with cash, but I want a significant upgrade now and people keep telling me to get a lease or a loan. Could you please do a video on some tips for small business owners?
    (By the way I’m not asking for personalised advice, I plan to put it to my accountant - I genuinely thought this could be a nice video idea for you and would love to hear your tips! 😊) x

  • @Ms.MD7
    @Ms.MD7 5 лет назад

    I really gotta get into this investment portfolio idea

  • @slackjoelyokel88
    @slackjoelyokel88 6 лет назад +3

    A riskier option to consider is ICOs in the crypto world. Back in 2015 $500 invested in Ethereum would now be worth $1.1 million

  • @jennifervasquez251
    @jennifervasquez251 6 лет назад

    What is the u.s. version of moneysmart? Thank you!

  • @sienna924
    @sienna924 6 лет назад

    Hi Canna, you mentioned ETS a few times. What is that? Great video by the way! Would love to see a video about what you recommend investing or how to actually go about it. Investing is confusing!

    • @jg5558
      @jg5558 5 лет назад

      Peta ETF, it’s a share index, it tracks along a bunch of shares

  • @nchapman4028
    @nchapman4028 6 лет назад +14

    Can you please explain what the $500 rebate is and how/when to apply/ know you’re eligible. I live in Australia and have never heard of this! Thank you x

    • @104alyssa
      @104alyssa 5 лет назад

      I would love to know this too. I have tried googling but can't seem to find...

    • @hanbulban3131
      @hanbulban3131 5 лет назад

      It doesn’t exist

    • @beenam7677
      @beenam7677 4 года назад

      Hey nc where do you live in Australia?

  • @Coconutluxenaturals
    @Coconutluxenaturals 4 года назад

    hi Canna, do we need to declare our sales income from eBay, gumtree etc?

  • @TheKatiecatapillar
    @TheKatiecatapillar 6 лет назад

    Where is more information on the $500 rebate/how do I obtain it? I can only find it applying to super contributions. Thanks!

  • @nmj2411
    @nmj2411 5 лет назад

    Do we need to meet with a financial institution in order to open an ETF account?

  • @83vuitton
    @83vuitton 6 лет назад +1

    Love your videos, so informative!! Just wondering, if I wanted to invest $1000, what would you recommend first. Have you got a video on this? I would love specifics. Thanks so much!!!!! X

    • @SugarMamma
      @SugarMamma  6 лет назад

      Starting with Index ETFs or a LIC is an easy way to invest and insure that your money is well diversified xCC

  • @kellynimmo1533
    @kellynimmo1533 4 года назад

    Hi there my partner and I are finally in a better financial position and want to start a long term deposit to start saving for a home. Completely unsure who to bank with now, this is all new for myself and wondering if you have any suggestions who I could look into please? Just subscribed to your channel after listening to a girl on She’s on the money.

  • @joannejojo7248
    @joannejojo7248 6 лет назад +1

    my daughter has been telling me about you for months and i finally checked in....fantastic channel

  • @taylahmarcucci5055
    @taylahmarcucci5055 6 лет назад

    Where can I find out about this $500 rebate? :)

  • @leilanyluna9277
    @leilanyluna9277 6 лет назад +1

    Hey! great video, I found it helpful even though I am in the US! I was wondering why you invest in stocks and you have never mentioned investing in real estate? thanks! :)

    • @nattie3655
      @nattie3655 6 лет назад +1

      She has said before that Stocks are easier to liquidate than a house. And you often make more in the stock market without the overhead expenses.

    • @leilanyluna9277
      @leilanyluna9277 6 лет назад

      natalie troup that makes sense, thanks!!!

  • @celiamitchell4969
    @celiamitchell4969 4 года назад

    Is this only for those who can work and are young?
    I lost my job because of disability and get a fixed income.
    Thanks.

  • @adamsinclair998
    @adamsinclair998 4 года назад

    I am taking a three prong attack. Every pay i have an extra 5% deducted to my super. I put $200 extra on my mortgage and $200 into my shares fund. Any extra i either put on mortgage or shares

  • @anisiobikenechukwu9069
    @anisiobikenechukwu9069 5 лет назад

    How do I invest

  • @colosiodanini9408
    @colosiodanini9408 2 года назад

    You look beautiful and are beautiful inside :)

  • @relodie8333
    @relodie8333 5 лет назад

    Investing in Ireland is heavily taxed and heavily charged. Wish I could apply this here!

    • @hanbulban3131
      @hanbulban3131 5 лет назад

      Relodie new government in Australia wants to do the same not worth investing with high taxes!

  • @Mia-fl9on
    @Mia-fl9on 6 лет назад

    How do we get the rebate?

    • @SugarMamma
      @SugarMamma  6 лет назад +1

      This was from the federal budget 2018 release for those that earn between $48,000-$90,000. This article may help explain a bit more www.news.com.au/finance/economy/federal-budget/treasurer-unveils-income-tax-cuts-in-budget/news-story/19c0d499e8519f4078e8a9ebb3b985a0 xCC

  • @kymjim9946
    @kymjim9946 5 лет назад +1

    Dont you get taxed by the government?

  • @mspinchey
    @mspinchey 5 лет назад

    My husband invested $5,000 for each grandchild but forgot to invest for himself. DOH!

  • @SANIKUMAR-xl4xz
    @SANIKUMAR-xl4xz 3 года назад

    How can join Sugar Mummy job? Sorry miss please me in Malaysia

  • @fgkurehgyu2
    @fgkurehgyu2 Год назад

    Hey guys I have a girlfriend that I love and she is learning about investing with fidelity. I am an engineer who owns a business and my girlfriend is in a field that is new to her but new to me as well. I am not very helpful, but she is a southern girl from USA and want to suggest a few podcasts and content that she may follow to help her with the financial investment tests. Anybody have suggestions for her? She is (22)

  • @ashleythechemist
    @ashleythechemist 6 лет назад

    So what are the details regarding this $500 rebate? Is it processed on tax returns or in some other way? I am happy for the australian government to give me even more of my tax back if they wish hahaha

    • @nattie3655
      @nattie3655 6 лет назад

      ashleytheminimalist lol was thinking the same thing, when are we getting it back?!

    • @claire7566
      @claire7566 6 лет назад

      It's a tax reduction starting 1 July 2018, you will be taxed less and the average income earner will save around 500 a year.

  • @marcellokenji7904
    @marcellokenji7904 6 лет назад +1

    everyone ignores the power of compound interest. that´s why no one likes to save money !!!

  • @peterson6824
    @peterson6824 6 лет назад

    invest in cryptocurrency for highest returns ;)

  • @almonies
    @almonies 3 года назад

    That's not wealth. 40 years and you only have $129,000 😂 I don't have 40 years left. This is why people don't invest. Having a tight poor life to only add 100 ish thousand dollars to my retirement. Or enjoy my self and my life.

  • @Cingearth
    @Cingearth Год назад

    Hi the idea that you can retire after 11 years work seems impossible until I watched moneymoustache show how to work your money by saving 65 % of any income ! Sure less taxation in the usa but same system still applies ! What shares would you invest in broadly speaking??