Millennial Investor Simran Kaur: 3 Investments That Helped Me Make My First Million by 26
Written by
Gabrielle Olya
Edited by
Levi Leidy
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Simran Kaur is on a mission to get young women investing. The founder of Girls That Invest — a media platform that includes a podcast, newsletter and book of the same name — practices what she preaches. Kaur started investing early, and through a combination of her investments and her booming business empire, she was able to become a millionaire by age 26.
Kaur, who has partnered with SkinCeuticals for a financial empowerment campaign to launch its new wrinkle-modulating peptide serum, P-TIOX, spoke to GOBankingRates about the investments that she has found most impactful.
The Key to a Strong Portfolio
Kaur said that her personal investment portfolio has been the biggest contributor to her financial success.
“For me, the most impactful investments have been in my portfolio,” she said. “Investing let me put money away to purchase my first home, and has allowed me to achieve financial freedom, something I believe every person — but especially every woman — should have the ability to achieve. The freedom lets me spend time enjoying the things I love, like incorporating quality skincare products into my routine and focusing on self-care.”
To create the ideal portfolio, Kaur recommends having a mix of assets.
“Everyone should diversify their investments for a well-rounded future,” she said. “Financially, this means putting your money into a mix of stocks, bonds and ETFs to build wealth over time.”
How To Get Started Investing
Investing doesn’t have to be complicated, and it doesn’t require as much money as you might think.
“I am a big fan of investing a small amount of your paycheck, from 10% to even $10, into brand market funds like VOO or QQQ,” Kaur said. “These provide exposure into the share market and allow you to gain more confidence in managing your finances. These investments together can create a solid foundation.”
To gain confidence as an investor, Kaur emphasizes the importance of educating yourself on the topic.
“I am a huge sucker for personal development,” she said. “I feel a lot better when I feel like I’m learning something new from a newsletter I love, a book I’m reading or a podcast interview by someone I admire.”
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