Cashed Up money challenge: How to manage your finances

Investing, the property market and tax — it is hard to manage your finances. Here you’ll find the latest information you need to avoid money mistakes.

What is the Cashed Up challenge and how do I join?

Want to get more money savvy right now? Here are five of financial advisor Ben Nash’s most popular articles:

• The salary you need for extra $2616 cash bonus: In 2021, a heap of changes to the tax rates and rules came into effect, with the benefits flowing to more than 10 million Australians. Every dollar of tax saved means more of your income leftover for saving, investing, or maybe just your next holiday.

• Questions you need to ask before investing: Investing is one of the most effective ways to build another source of income, but if you don’t know the rules of the game it can be overwhelming. In this article, Mr Nash covers the key things you need to know to be a smart investor and what you can do to get started.

• Common money myth you need to ignore: Most people think that being a successful investor is just about choosing good investments, but that’s only really half the story. Investing is the key to not being forced to work forever, but the fear of making a mistake that will cost you a bunch of money holds most people back from reaching their full investor potential.

• Key to buying in a housing boom: Investing in property can be a way to accelerate your asset building and wealth creation, but to achieve the right outcomes from your property investment, it’s critical you have a solid property strategy in place before you invest. Many people ask themselves, ‘What do I need to buy a property?’ but the answer isn’t as straightforward as you might think.

• Money mistake that millionaires make: The more money you have, the more costly your money mistakes become. Having seen inside how thousands of people manage their money, Mr Nash has seen more millionaire money mistakes than most. He unpacks some of the bigger and more common money mistakes of millionaires so you can learn the painful lessons from others, without having to make them for yourself.

What is the Cashed Up money challenge?

The Cashed Up money challenge is a six-week course for you to get your finances in check.

Each week, you’ll get an email from Ben Nash with pro tips and a step-by-step financial challenge to complete.

By the end of the six weeks you will have set a budget, created a savings plan, learnt how to invest and sorted your super.

The simple six-week challenge looks like this:

Week 1: Nail your saving and spending

Week 2: How you can spend better and save more

Week 3: How to create a solid saving plan

Week 4: How to set money goals (and get results)

Week 5: It’s time to learn more about investing

Week 6: How to sort your superannuation

The aim of the Cashed Up course is to get you … well, cashed up!

Who is Ben Nash?

Ben Nash is a financial advisor and founder of Pivot Wealth, a money management company.

Ben has been a financial advisor for 10 years and holds a Master of Business Law from Sydney Law School, Masters of Applied Finance from Kaplan Professional, and a Bachelor of Commerce from Sydney University along with a range of professional qualifications.

In Ben’s finance content he draws on practical experience from working with thousands of people to deliver simple, tried and tested money strategies that actually work, delivered in an easy-to-understand way.

Ben Nash is a financial advisor and general money wizard.