Onboard today is Nicholas G. Muscat, who might be better known as the Aussie Money Man. The forecast today: Financial literacy and online entrepreneurship.
For those unfamiliar with the Aussie Money Man, Nick has been fiercely independent from a very young age. Nick saw his parents work tirelessly just to scrape by with the hope of eventually making it to retirement. He knew that wasn’t the life for him and there must be a better way, which led him to become interested in educating himself on finance and entrepreneurship.
As a teenager he began learning about personal finance and online business, and started researching investing opportunities such as peer to peer lending. Armed with this knowledge, he has started multiple online businesses and eCommerce stores, written eBooks, invested in the stock market and Peer-to-peer lending, as well as made thousands per month in affiliate marketing.
Nick created ‘The Aussie money man’ website as well as a YouTube channel to help spread the powerful message of financial literacy, and now has over 7000 subscribers on his channel, with some of his videos having over 25,000 views. He now has over $100K invested in ETFs, and has been able to produce $10,000 income per month using eCommerce all by the age of 20.
Episode 5 of the CaptainFI podcast is a quick domestic hop to chat to another Sydney-sider, Nicholas G. Muscat – the Aussie Money Man! Nick has been fiercely independent from a very young age; at the incredible age of only 20 years old he has been able to produce an income of $10,000 (AUD) per month using multiple online businesses and eCommerce stores, investing in the stock market, peer-to-peer lending, and affiliate marketing. Nick has even written eBooks, and started the YouTube channel ‘AussieMoneyMan’ to help spread the powerful message of financial literacy, and now has over 7000 active subscribers to his channel. Today we chat about his upbringing, hobbies, education and what started him on the path to Financial Independence. We explore his income earning strategies, his saving strategies, and his investing style and strategy. We also delve into his YouTube success, and his experience starting multiple channels. Finally, we discuss some of the most powerful lessons he has learnt on his journey so far, alongside his top reading recommendations and the tips he would go back in time and tell himself! So sit back, relax, grab a beverage and enjoy the flight!
- Check out Nicholas’ AussieMoneyMan website here
The Aussie Money Man’s Top financial tips
- Don’t worry about working as much – live below your means in order to make it happen and give yourself free time.
- Start a business and become your own boss – Find a scale-able niche and give it a go!
- Go full time with your business EARLIER – Take the leap of faith in yourself and work to build your dream, not someone elses.
The Aussie Money Man’s top three Books
The Barefoot Investor by Scott Pape
Check out my detailed review of the Barefoot Investor HERE
Rich Dad Poor Dad by Robert Kiyosaki
Check out my detailed review of Rich Dad Poor Dad HERE
The Slight Edge by Jeff Olson
The Slight Edge proposes a new way of thinking to its readers. This method of processing information helps you to make small daily choices that build on each other to create a positive spiral, leading you to the success and happiness you want.
Olsen explains why some are able to constantly succeed and make their dreams a reality, whilst some get stuck either dreaming their lives away, or only making other peoples dreams come true.
The fundamental principle explained by Olson in the Slight Edge is the power of compounding actions. This can take place both in a positive or negative manner, either building or destroying a happy life.
A positive mindset turns into a positive attitude, which in turn leads to positive actions and positive results. This positive spiral leads to a successful lifestyle.
The Aussie Money Man YouTube channel
- Check out the AussieMoneyMan YouTube channel here
The Transcript is currently being written, this part takes ages!