Here’s the thing: we’re in an era where you can be a good Mum while also building wealth, even if you’re just staying at home. So, if anyone tells you otherwise, prove them wrong.

But how exactly can you build a strong financial portfolio while raising your children? Don’t worry, Mumma, because we have your back with these tips:

  • Get in on the budgeting train. 

The truth is, you can’t start building your wealth if you don’t have any wealth to begin with. It doesn’t mean having millions in your bank account, but at least having some capital that you can expand through savings and investments.

If you’re still not following a budget routine, find one that works for you. This will help you free up some money that you can put towards building your financial portfolio.

  • Check the right investments for you.

Investing is still the best way to build a strong financial portfolio, and when done right, you can really enjoy some huge gains without doing so much work. But remember this: not all investments work for everyone. If you choose the wrong investments, you’re putting your money at a huge risk.

So before you jump on anything, check all the investment options on your table first and choose those that are in line with your goals. A lot of beginner investors also go for safer bets like when you invest in Australian shares that are almost always guaranteed to give you good returns.

Others also put their money into real estate or gold that accumulates in value over time. This is a good option if you’re looking for a more long-term investment. When checking the right investments for you, think about your financial goals, your timeline, and of course, your risk tolerance.

  • Don’t be afraid to start small.

A lot of mums feel intimidated by the idea of building a financial portfolio, thinking that they need a lot of money for it. But the truth is, even the most successful investors today started small, and you can do that too. 

For instance, if you’re investing in shares and you can’t afford to buy an entire share yet, you actually have the option to buy fractional shares. This will help you get started with investing in shares and slowly build your portfolio as your money grows.

  • Be knowledgeable about your investments.

Being a mum means you have a lot on your plate, so you may not have a lot of time to focus on investments. But you can still be successful if you know how to manage those investments in the smartest way possible.

Allocate at least an hour of your day to reading about investments or attending crash courses that will help you to understand the tricks of the trade, find the right tools and learn methods that will allow you to be efficient without taking too much of your time.

Yes, you can build a strong financial portfolio, Mumma! Get started today and watch yourself succeed.