Simran Kaur managed to grow her net worth from $8,000 to $900,000 in just a few years after investing in stocks, renovating her rundown home, and building her business, Girls That Invest.

Finance guru shares little-known hack to find out salary for job posting

A podcast host and finance guru shared the simple hack she uses to find out what the salary is for a job ad, even if the company hasn’t advertised it publicly.

Simran Kaur from New Zealand managed to grow her net worth from $8,000 to $900,000 in just a few years after investing in stocks, renovating her run down home and building her business Girls That Invest.

On Friday, she took to Instagram to talk about a website she uses every time she applies for a new job.

“Why isn’t anyone talking about the salary hack where you can literally find out what a company pays even if it doesn’t tell you anything?” She said.

Simran Kaur managed to grow her net worth from $8,000 to $900,000 in just a few years after investing in stocks, renovating her rundown home, and building her business, Girls That Invest.

“When you see a job on Seek, all you have to do is copy the URL, paste it into whatsthesalary.com and click Get.

“She will tell you exactly what the recruiter gave as a salary range. That way you know exactly what the maximum amount is and what to charge.”

Her brilliant discovery was well received by the 183,000 women who follow her, and some said they’ve tried it for themselves.

“I learned this trick from you earlier this year and it has absolutely changed job hunting for me. I landed on a role for which I paid at least $10,000 more than I would have asked for! Thank you,” one woman replied to the video.

“Omg, thank you Simi for sharing this! That’s going to be a game changer,” said another.

Her brilliant discovery was well received by the 183,000 women who follow her, and some said they've tried it for themselves

Her brilliant discovery was well received by the 183,000 women who follow her, and some said they’ve tried it for themselves

In 2020, Simran increased her savings by taking on part-time jobs to supplement her income and learning how to invest her money.

She managed to save $57,000 in one year to buy her first $565,000 home with a 10 percent down payment.

But the road to financial success comes with sacrificing her time, as she often works 60 to 80 hour weeks and is focused on her wealth.

Simran and her podcast co-founder Sonya Gupthan (pictured right) started the Girls That Invest podcast to spread financial literacy and teach women how to invest

Simran and her podcast co-founder Sonya Gupthan (pictured right) started the Girls That Invest podcast to spread financial literacy and teach women how to invest

“Initially I worked a regular 9-5 job with some e-commerce side hustles selling goods like shirts and tote bags to a community of 300,000 people along with a few other e-commerce brands that were in the accessories were niche,” Simran told Daily Post Australia in March.

At the time, she was also freelance creating online content for financial brands.

“I realized I’m great on social media, so I figured if I’m spending so much time on Instagram and TikTok for free, why not get paid for it,” she said.

“All the money I made was either invested in my stocks or in my company. I lived very cheaply, renting an apartment with three other people, spending less than $70 a week on food, and splitting the bills with my roommates.”

Her assets include her savings, house, stocks, business cash, and the value of her car.

What is Simran’s net worth?

financial assets

  • Home – $720,000
  • KiwiSaver – $4,208
  • Stocks – $50,000
  • Business bank account – $630,000
  • Savings – $13,000
  • Goodwill (excluding cash) $45,000
  • Car/Boat/Caravan $26,000

Total – $1,488,208

liabilities

  • Mortgage – $498,623
  • Student loans – $43,311

Total – $541,934

Net Worth (Assets – Liabilities)

= $946,265

She also took up side hustles like dropshipping and selling print-on-demand products.

With dropshipping, products are shipped directly from the manufacturer to the customer without the supplier or retailer ever seeing it.

“My e-commerce brands focused on dropshipping for a while, but eventually turned more attention to print-on-demand, where an item isn’t made until a person buys it,” said Simran.

“While it pushes shipping dates back by two to three days, it means I can keep my overhead close to $0 and not have hundreds or thousands of dollars stuck in merchandise.”

Simran fueled her anger by focusing on side hustles alongside renovating her home and building her business

Simran fueled her anger by focusing on side hustles alongside renovating her home and building her business

Simran and her best friend Sonya Gupthan founded Girls That Invest to spread financial literacy and teach women how to invest.

Today, the brand has a strong community of more than 200,000 people, mostly women, and more than 180,000 followers on Instagram.

The brand itself is now worth a six-figure amount.

For the first 18 months, Sim said she would not take paid opportunities and would speak at events for free to share her views and knowledge.

Now the two also offer a single paid product for community members who want a broader and more in-depth experience to learn more about investing.

“Our master class has been attended by over 2000 students worldwide from countries such as Australia and New Zealand, but also from the USA, Canada, Great Britain, Spain and South Korea – it’s phenomenal!” she said.

What you should know before you invest:

– Never think that investing is something you can’t get into or understand

– Understand that you don’t need a lot of money to get started

– Find out about the companies you want to invest in and why

– Consider exchange-traded funds (ETFs) and mutual funds instead of stocks of individual companies

Before buying her first home at the age of 24, Simran had to strategically save and budget for her money.

“I had to reduce my spending on clothing by budgeting for how much I was spending on groceries and hanging out with friends at home instead of going out,” she said.

As a single person without relatives, she was able to save sparingly and strategically over a short period of time.

But she also had luck on her side as she invested a large amount of money in the stock market “at the right time” to make an estimated profit of $4,730 over 12 months.

“By the time I had almost $50,000, I knew I had to speak to a mortgage broker and apply for a loan,” she said.

Before buying her first home at the age of 24, Simran had to strategically save and budget for her money

Before buying her first home at the age of 24, Simran had to strategically save and budget for her money

“I was fortunate to invest when the market bottomed in March and some of my investments have performed very well, including Tesla, which has given me a 400 percent return on my money,” she said.

“I had tried investing in the past but decided to take it more seriously and slowly invested as much as I could afford each week.

“After graduating from university in 2019 I started working in healthcare in 2020 but after being made redundant during the Covid-19 lockdown I was temporarily living on a government wage subsidy.

“When I started my investing journey, there was no information geared towards women and it felt very intimidating,” she said.

“I couldn’t find a voice related to mine, it was just ‘finance brothers’ making investment concepts too complicated.”

Simran said she invests primarily in exchange-traded funds (ETFs), including the S&P500, but also in specific companies — Tesla, Shopify, Apple, Amazon and Google — with Sharesies and Hatch.

She also dabbled in cryptocurrencies by holding Ethereum, Litecoin, and Dogecoin, which was a risky investment.

Over time, she initially invested $14,581 and made an estimated profit of $4,730 over the year.

In addition, she had personal savings of $28,629 and $8,902 in her existing KiwiSaver account.

For a short period of time, the Girls That Invest podcast has been claimed to be “one of Australia’s largest investing podcasts for women”.

In August 2020, Simran and Sonya expanded the name “Girls That Invest” and launched a podcast for women to “break down investing jargon” and make it easier to understand.

“We’re two women talking about investing in a fun and non-intimidating way – we talked about NFTs, crypto, how to start investing, top ETFs and things to look out for.”

Over a short period of time the podcast is claimed to be “one of Australia’s largest investing podcasts for women” as well as one of “the top two investing podcasts in New Zealand”.

“We’re not telling women what to invest in, we’re just simplifying what the stock market is, how to tell the difference between an ETF and an index fund, and overall showing that investing should and can be for women and marginalized groups. ‘ She said.

In addition to saving, Simran encourages women to start investing and find ways to increase their income

In addition to saving, Simran encourages women to start investing and find ways to increase their income.

“There’s a limit to how much you can save, but there’s no limit to how much you can invest,” she said, adding, “And it’s really quite simple.”

Before investing, it’s important to always do your own research and only invest as much as you can afford to potentially lose.

Simran’s best investment tips

Don’t watch or review stocks every day

Be patient and don’t be put off by the ups and downs of the market

Made a plan

Accept the risks involved

Understand that investing is not that complicated

Invest only as much as you can afford

Conduct your research using available books, podcasts, and videos

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