Finansguru shares the little-known hack to find out the salary for a job ad

Finansguru shares the little-known hack to find out the salary for a job ad

A podcast host and financial guru has shared the simple hack she uses to uncover what the salary for a job ad is, even if the company hasn’t promoted 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 they don’t tell you?’ 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 run-down home and building her business

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 run-down home and building her business “Girls That Invest”

‘If you see a job on Seek, just copy the URL, paste it into whatsthesalary.com and hit ‘get’.

“It will tell you exactly what the recruiter entered as the salary range. That way you know exactly what the maximum amount is and what to ask for.’

Her brilliant discovery was well received by the 183,000 women who follow her, with some saying they had tried it themselves.

“I learned this hack from you earlier this year and it absolutely changed my job hunt for me. I ended up in a role that paid at least $10,000 more than I would have asked for! Thank you so much,” a woman replied on the video.

‘Omg thanks Simi for sharing this! This is going to be a game changer, said another.

Her brilliant discovery was well received by the 183,000 women who follow her, with some saying they had tried it themselves

Her brilliant discovery was well received by the 183,000 women who follow her, with some saying they had tried it themselves

In 2020, Simran increased her savings by taking up side gigs to supplement her income and learned how to invest her money.

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

But her path to financial success has come with sacrificing her time, as she often works 60 to 80 hours a week focusing on her assets.

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

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

“At first I was working a normal 9-5 job with some e-commerce chains, selling items like shirts and bags to a community of 300,000 people along with a few other e-commerce brands that were in the accessories niche, Simran told Daily Mail Australia in March.

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At the time, she also freelanced her time creating web content for financial brands.

“I realized I was good at social media, so I thought if I spend so much time on Instagram and TikTok for free, why not get paid to do it,” she said.

“All the money I earned I invested either in my stocks or my business. I lived very cheaply by renting out an apartment with three other people, spending less than $70 on food each week and splitting bills with my flatmates.’

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

How is Simran’s net worth distributed?

Assets

  • Home – $720,000
  • KiwiSaver – $4,208
  • Stock – $50,000
  • Business Bank Account – $630,000
  • Savings – $13,000
  • Value of businesses (excluding cash) $45,000
  • Car/Boat/RV $26,000

Total – $1,488,208

Commitments

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

Total – $541,934

Net worth (assets – liabilities)

= $946,265

She also took up side hustles, such as dropshipping and selling “print on demand” products.

Dropshipping involves sending products from the manufacturer directly to the customer without the supplier or retailer ever seeing it.

“My e-commerce brands focused on dropshipping for a while, but ended up paying more attention to print-on-demand, where an item is made only when a person buys it,” said Simran.

“It pushes the delivery dates out by two to three days, but it means I can stick to almost $0 and not have hundreds or thousands of dollars stuck in items.”

Simran became enraged by focusing on side hustles in addition to renovating her home and building her businesses

Simran became enraged by focusing on side hustles in addition to renovating her home and building her businesses

Simran and her best friend Sonya Gupthan started 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 also worth six figures.

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

Now the pair also offers a single paid product for community members who want a more comprehensive and in-depth experience to learn more about investing.

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“Our masterclass has been taken by over 2,000 students worldwide from counties like Australia and NZ, but also in the US, Canada, UK, Spain and South Korea – it’s phenomenal!” she said.

What you should know before investing:

– Never believe that investing is something you cannot get to grips with or understand

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

– Research the companies you want to invest in and why

– Consider exchange-traded funds (ETFs) and mutual funds instead of individual company shares

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

“I had to cut back on my spending habits by budgeting how much I spent on groceries and talking to friends at home instead of going out,” she said.

Since she was single with no dependents, 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.

“When I was close to $50,000 I knew I had to talk 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 her money

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

“I was lucky enough to invest at the bottom of the market in March and some of my investments did really well, including Tesla which gave me a 400 percent return on my money,” she said.

“I had dabbled in 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 laid off during the Covid-19 lockdown, I was temporarily living on government wage subsidy.

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

“I couldn’t find a voice that related to mine, it was just ‘finance bros’ overcomplicating investment concepts.”

Simran said she mainly invested in Exchange Traded Funds (ETFs) including the S&P500, but also invested in specific companies – Tesla, Shopify, Apple, Amazon and Google – using Sharesies and Hatch.

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

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

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

Over a short period of time, the Girls That Invest podcast is claimed to be “one of Australia’s biggest investing podcasts for women”

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

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

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

“We don’t tell women what to invest in, we just simplify what the stock market even is, how to tell the difference between an ETF and an index fund and generally show that investing should be 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 is important to always do your own research and only invest as much as you can afford to lose.

Simran’s best investment tips

Do not look at or check the shares every day

Be patient and don’t let the “ups and downs” of the market scare you

Have a plan in place

Accept the risk involved

Understand that investing is not that complicated

Only invest as much as you can afford

Do your research using books, podcasts and videos available

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