Establishing financial security is now a necessity and not an option. Adapting to the current economic framework means reconsidering your finances, which very often requires picking up a secondary job apart from your main 9-to-5. This has caused a massive boom in the popularity of side hustles. A side hustle does not only allow you to pay for expenses like debt, or put aside cash for buying a house, but it also helps you achieve a sense of financial wellbeing. Now to take the leap, here’s how you can get started.

https://www.pearltrees.com/mon....eyandinvesting/item6

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To prepare for a recession, focus on building an emergency fund to cover 3-6 months of expenses, cutting unnecessary spending, and paying down high-interest debt. Diversify your investments to reduce risk and explore additional income streams, like side gigs, to boost financial security. These strategies can help safeguard your finances during tough economic times.

https://medium.com/@moneyandin....vestingau/5-smart-wa
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Andrew Baxter's Guide: 5 Major Investment Mistakes to Avoid in 2025

Investing offers great opportunities for profit, but it’s essential to stay mindful of potential risks. Many investors fall victim to common mistakes, resulting in significant losses. With 2025 on the horizon, it’s crucial to make informed choices and avoid these errors. Here are five key investment mistakes to avoid this year:

1. Panic Selling

2. Buying Based on FOMO (Fear of Missing Out)

3. Holding on to Losing Investments

4. Investing Without a Plan

5. Overtrading

Bonus Tip: Embrace Patience
After two years of significant market growth, it’s easy to expect continued high returns. However, expecting another 50% return in 2025 may be unrealistic.


https://www.pearltrees.com/mon....eyandinvesting/item6

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The Australian dollar is weakening due to the rising value of the US dollar, despite the US economy being in its third interest rate cut cycle, with more cuts expected. Normally, rate reductions would weaken the dollar, but instead, the US dollar continues to lose strength while the Australian dollar remains stable.


https://share.evernote.com/not....e/6f4997b1-7135-10c9

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Leveraging Side Hustle Opportunities: Important Aspects for Growth


Interest rates remain a pivotal factor for property affordability and market momentum. Over the past few years, higher rates have increased financial strain on households, particularly those with mortgages two or three times higher than before. However, forecasts suggest potential rate cuts by mid-2025, albeit slower than some might hope. The pace and extent of these cuts will depend on inflation trends and government fiscal policies, especially in an election year.

Inflation, while trending downward, still affects the property market significantly. During periods of inflation, real assets like property tend to appreciate. For those with mortgages, high inflation can also erode the real value of debt over time, provided they can service it.

https://moneyandinvesting.com.....au/blog/unlocking-th


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