At the end of 2019, Soraya Koendjbiharie (34) traded a life as an employee for a life of her own. As self-proclaimedmulti passionate entrepreneur’ combines three specialties: she is a work-life balance coach, a personal brand coach and a communication consultant. Being your own boss gives Soraya a lot of freedom. But it also means that she now has to take care of her financial affairs, including her pension. A good reason to take a closer look at her sources of income. Soraya: “I saw them every day on Instagram: people who were earning considerable amounts with investments or cryptocurrencies. Although that passive income sounded tempting, it didn’t seem so to me. I had quit my permanent job, but in fact I am quite certain. When I thought In investing, I thought of the casino: you bet on red, but you never know how the ball will roll.
Live without financial stress
Still, Soraya decided to delve deeper into the matter. He was looking for a way to live now and in the future without financial stress. That’s why he wanted to bet on several horses. “As a trainer and consultant I work by the hour. I can sell a maximum number of hours per month. Also, I like to work hard, but I also like to have time to do fun things. If I want to save money, I can put it in a savings account. But the interest at the time was 0.01 percent: that obviously doesn’t help. If a lot of people are so excited about investing, maybe I should take a look too.”
Soraya took a beginner’s online investing course. “I’m a knowledge entrepreneur: before I do anything, I want to get a lot of knowledge first. With quick results, because I’m also the typical millennial, haha. In the course I learned more about the ‘game’ of investing and what you can do After After that, I found investing much less exciting. Now that I understood the rules, I felt like playing.”
No unnecessary risk
Soraya opted for a long-term strategy, because she is saving for her retirement. Every month he invests 100 euros in ETFs. A Investment fund it can be compared to a “basket” containing shares of several companies. By diversifying your investments, you take less risk. And you can also invest with a small amount. Soraya does not have to do anything but invest the money: if things go well, the return will automatically increase. “According to a calculation tool, I will have a final net capital of about 125,000 euros in fifteen years. I have invested 90,000 euros, so a positive return of 35,000 euros is expected. And therefore it happens on the stock market. But if I put my money in a savings account, I know for a fact that it will yield (almost) nothing. Because I’m heavily invested in investing, I don’t take any unnecessary financial risk. I like that, because I think financial stress is one of the most intense types of stress. I’ve been working on it for about two years and I’m glad I took the plunge.”
Do you also want to start investing? Soraya has five helpful tips for you.
1. Invest only with money you can afford to lose (create piggy banks!)
“The first tip is also the most important. Only use the money you have left over to invest. So the money that is left over after you’ve paid your fixed and ‘wanted’ costs. To get an idea of this, you can build savings. I I have eighteen piggy banks, divided between my business and private accounts. Of the money I earn, I keep a part of the money I earn every month as a cushion for bad times. In addition, I have pots for vacations, taxes, a new washing machine, going out to eat, etc. Thanks to this summary I know that I can lose 100 euros every month to invest I call this ‘play money’: it would be nice if it paid something, but it’s not Bad if it doesn’t, he thought.
2. Determine your goal and strategy (and stick to them)
“Consider what you want to use your eventual earnings for. Do you want to save for your pension? Or pay off your mortgage sooner? So, like me, you opt for a long-term strategy. shares and at the end During the trip I decide if I am going to sell them and how I am going to sell them.
I don’t check an investment app every day, but I often read Het Financieele Dagblad. If I see a surprising development, I keep an eye on it. I also follow many financial experts on social media. What do they do, what do they talk about?
The first year I invested I was well on the plus, but since the beginning of this year the numbers have turned red. Of course, it’s a shame, but negative returns don’t immediately make me nervous. The return will only be really important in ten years. If I stopped now, I would have wasted my money. Also, I learned in the investment course: never trade on emotion. So I’m going to go ahead and trust that those red numbers will soon turn green again.”
3. Decide what you want to invest in (there is more than stocks)
“Stocks, Bonds, Mortgages, Real Estate or Commodities – you can invest in anything. Read carefully to determine what suits you and your financial situation. I can certainly recommend an investment course, but you can also find all kinds of information useful about the internet. to start with.”
4. Learn about the companies behind the actions (for example, how sustainable are they?)
“Of course, it’s smart to invest in companies that are expected to be highly profitable, but do you also delve into the type of company? What exactly do they do? And do you want to contribute to that? At the beginning of the pandemic, for example, I planned to invest in an international package delivery service because of course their sales would grow tremendously, it happened, but by the time I was ready to invest, their stock had already increased exponentially, and I discovered that with a million packages delivered, per day they weren’t even very sustainable, so I started looking closely at what companies I want to invest in.
“An ETF’s so-called MSCI score indicates whether the companies in the basket meet certain environmental, social, and regulatory standards. For example, you can see whether companies are investing in arms trade, nuclear weapons, or fossil commodities, or whether they are actively committed to a sustainable future. Precisely because I fly above average myself, I believe it is important to make sustainable decisions when it comes to investments.”
5. Investing costs money (ask how much beforehand)
“Keep in mind that investing is not free. Whether you invest entirely yourself or have it done by a broker, bank or insurer: there are always costs involved. The level of these costs and what you get for them differs depending on the provider , so find this out well in advance, so you don’t face any surprises.
It’s nice that I can decide for myself how much money I spend on investments. If I start earning more or have a financial windfall, I might increase my monthly deposit. At the moment I am single, but if I find a partner and a family, I could reduce the investment. As long as I can save this ‘play money’, I will definitely continue to invest. Apparently it’s something for me after all!”
Start investing right away
Do you also want to invest? With Targeted Investing at ASR Vooruit, you can work towards your long-term goals. In a simple and sustainable way. Your money is not invested in things like weapons, coal and tobacco. And in companies that, among other things, contribute to combating climate change. Start investing sustainably now and receive €70 in investment credit*. You can read all about this on the asr website.
Please note: Investing involves risks and costs. You may lose (part of) your investment. In the examples shown, the inversions are only partially realized. ASR Vooruit BV is part of asr
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