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#80: The Road to $1,000,000, the 4% rule & Social Media Impersonation!
Manage episode 437062049 series 2936301
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In this episode of NOTG, Melvin Lim chats with The Weeblings about their content creation journey, which kicked off during COVID-19. Sarah and Aaron Wee talk about starting with multiple daily posts and eventually finding their groove with financial related content across TikTok, Instagram, and YouTube.
The Weeblings, known by their audience for their goal of a $1 million investment target, dive into what led them into the world of finance and their aim for financial freedom with $2.5 million each by 40—following the 4% rule. They break down their investment strategies, from Aaron’s army days dabbling in crypto and stocks to focusing on value investing and dividends. They also discuss how US monetary policies affect their decisions, particularly when it comes to property investments in Singapore.
Aaron and Sarah also shared how their family's run-ins with financial scams shaped their approach to money. And on the discussion of scams, they highlight the importance of ethical financial advice and the constant battle with fake social media accounts impersonating them. Stay tuned and see what these siblings have to say about finance!
Timestamps:
00:00 Intro
00:56 Content scheduling
05:54 Is the Weeblings just a side hustle?
06:38 Journey to a million dollars
09:13 First investment
12:48 Advice to fresh graduates for investment
14:12 Investing methodology
18:08 Following US news
21:10 Aaron is fascinated about numbers
23:08 Singapore interest rates increase, property prices also increase
24:56 The current situation of buying your first property
26:18 How Sara manage her money
27:28 Fear of money
32:10 View of retirement
33:11 Their parents got scammed
38:38 Fake Weeblings Channel / Telegram scams
40:58 Money growing up
45:34 Pursuing content creation full-time
49:08 Monitising the Weebling brand
53:36 View on cryptocurrency
55:54 Part 2 teaser
56:25 Outtakes
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