[Ep. 415] Chasing Financial Freedom from Across the World with Natasha Etschmann and Ana Kresina

Isn’t it amazing how, no matter where you live in the world, we can all be doing the exact same thing like chasing financial freedom? Sure, there may be different tax rules, account types, and even strategies depending on the country, but at the end of the day, the actual steps to build wealth and achieve your financial goals can look the same no matter where you live.

To prove this point, I invited Natasha Etschmann and Ana Kresina on the podcast who both live in Australia. Ana is originally from Canada (we went to the same university!), so she has a unique perspective on personal finance in Canada and Australia. Natasha has become one of the biggest financial content creators in Australia with a following in the hundreds of thousands.

Together, they’ve teamed up to write the book How To Not Work Forever: Start Investing and Build a Life You Love to help people in Australia and anywhere in the world achieve financial freedom so they can, well, not work forever. Ana also wrote the book Kids Ain’t Cheap: How to Plan Financially for Parenthood and Your Family’s Future to help parents navigate the financial change of becoming a parent.

Timestamps

00:00 Introduction
02:33 Time Zone Differences
05:33 Connecting Through Finance and Education
08:32 The Evolution of Financial Content Creation
11:34 Personal Finance Journeys and Early Investments
14:22 The FIRE Movement: Perspectives and Experiences
17:31 The Podcast Journey and Book Writing Process
21:36 The Evolution of Financial Literacy
24:37 Personal Growth Through Financial Education
28:01 The Impact of Community on Financial Success
30:04 Understanding Retirement Systems: A Comparative Analysis
33:03 Navigating the Complexities of Financial Regulations
40:56 Navigating Financial Advice Regulations
42:06 The Importance of Local Financial Knowledge
43:09 Licensing and Content Creation Challenges
45:12 Balancing Compliance and Authenticity
49:03 Mindset and Starting Your Financial Journey
52:52 The Long-Term Perspective on Financial Planning

Takeaways

Investing early can lead to significant financial growth.
The FIRE movement offers various interpretations and approaches.
Personal finance journeys are unique and shaped by individual experiences.
Creating financial content can foster community and connection.
The podcasting journey can lead to unexpected opportunities.
Co-authoring a book requires collaboration and compromise.
Financial independence can mean different things to different people.
It’s essential to balance work and personal life for happiness.
Financial literacy is crucial for making informed decisions. The title of the book evolved to include practical advice on financial independence.
Personal finance journeys are enriched by learning from others’ experiences.
Surrounding yourself with achievers makes goals feel more attainable.
The rise of financial literacy content on social media platforms is significant.
Understanding retirement systems varies greatly between countries.
Mandatory retirement savings can lead to complacency about personal investments.
Financial education must address the complexities of retirement planning.
Language and terminology in finance can create confusion for consumers.
Licensing requirements for financial content creators can be a barrier to entry.
Community support is crucial for personal finance success. Having a credit license is crucial for giving financial advice.
There is a lack of Australian voices in financial content.
Monetizing content changes the regulatory landscape.
Mindset is key to overcoming financial barriers.
Starting to invest early can lead to long-term benefits.
Financial advice can be complicated by local regulations.
Content creators face challenges in compliance and authenticity.
It’s important to have a long-term perspective on financial planning.
Investing is accessible at any age, not just in your 20s.
Life expectancy is increasing, making financial planning essential.

Things I Mentioned in the Episode

Grab a copy of Natasha and Ana’s book How To Not Work Forever: Start Investing and Build a Life You Love
Also grab a copy of Ana’s book Kids Ain’t Cheap: How to Plan Financially for Parenthood and Your Family’s Future
I’m giving away copies of all the books featured in this season of the podcast! To enter, visit jessicamoorhouse.com/contests
My free resource library, where you can find budget spreadsheets & more!
Apply to enroll in my investing course Wealth Building Blueprint for Canadians
Register for the next cohort of my Budgeting Together Accountability Group
Check out my shop!

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Transcript

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