We asked if your money was “at rest” or invested, here’s what you told us

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When we say ‘investment’, ‘stocks’, ‘EFT’ and ‘long-term wealth’, what images come to mind? Do they look like a Hollywood depiction of Wall Street chaos, confusing spreadsheets and an LED banner with the words “Buy Low!” Sell ​​expensive! flashing through it? If so, we’re here to paint an entirely different picture of what your investment journey may look like.

In partnership with SyfeThe investing app that champions wealth and long-term investing, we asked you about your financial habits to help you better manage your money.

Read on to find out what you told us, and for all the details on how you could score a cheeky $5,000 cash credit to start your investment journey with Syfe.

We asked: how do you make your money? work?

We’re all about the finer things in life, spending time with friends and family, treating yourself to your favorite food and drink, and getting out to see stunning destinations. We also know that none of these things are free, and getting down to business to earn money is time consuming for most of us. We believe that if you work hard to earn money, the money in your pocket can also do a lot of work.

When it comes to making your money work for you, rather than sitting in a standard bank account, 20% of you said you only use a high interest account, while 20% of you said you were getting into the investment game. In good health, 27% of you said you do both, but it’s interesting to note that 34% of you told us that you don’t get a return on your money in either of these ways.

We want to help reduce that number and give you more confidence to make your money work harder for you, not the other way around. A few perceived barriers to entering the world of investing is the idea that it’s something that “other people do” and you don’t have enough money to start with. This narrative has changed dramatically in recent years.

If you’re someone who hasn’t started your investing journey yet and wants the convenience and security of an easy-to-use platform that champions long-term wealth building, an app like Syfe can be a great starting point. With access to over 10,000 US stocks and ETFs, plus top cryptos (and upcoming ASX stocks), Syfe is designed to be easy to use and boost your investment confidence as well as your wealth.

One of our favorite Syfe features is split trading, which means you can invest in companies like Apple, Disney, and Etsy with as little as $1. This will help you know if Syfe is the right one platform for you, and to get a feel for the process without putting your entire vacation fund on the line.

We asked: Where do you think you can best “adult”?

Another huge pillar in the Australian investment landscape is real estate. With interest rates soaring rapidly over the last 12 months and all the added costs of home ownership including rates and stamp duties, buying a property…as an easy-to-grasp investment strategy – can be a tricky rollercoaster to navigate. And we’re not the only ones putting real estate investing on the back burner for now; only nine percent of you told us that saving for a home is a top priority on your journey to a better adult life. In contrast, 37% of you said investing was their top priority when it came to bringing your adult together.

We also understand that life is busy and you don’t want your investing journey to feel like a second job, which is why apps like Syfe are a great resource to rely on. From signup to your first, second or hundredth investment, Syfe is designed with your experience in mind.

Because the goal of the game is long-term wealth growth, the app does not require daily monitoring. Bonuses like free monthly stock trades, low-cost brokerage, and daily customer support mean you can operate at your own pace, both how and when you want.

They also offer a multitude of jargon-free learning resourcesso you can deepen your knowledge and put real-world investing information into practice.

After finding out a bit more about your investment feelings, we want to tell you that you are not alone and there are ways to make your money work for you. The good news? If you’re looking to jump-start your investing journey, Syfe is offering a cheeky $5,000 credit to one lucky winner. To be entered to win, simply enter your details in this form heredownload the Syfe app here, and complete a Syfe account setup.

Do you want to take the next steps in your long-term wealth journey? Go here to download Syfe today.

Editor’s note: This article is sponsored by Syfe and proudly endorsed by Urban List. All content above is general advice, please speak to a financial expert when seeking specific financial advice. Please support the sponsors that make Urban List possible. Click on here for more information on our editorial policy.

Image credit: Urban list

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