WOW Women of Wealth Podcast w/ Tracey Sofra

Ever felt confused about the difference between a mortgage offset account and a redraw facility? If those words alone just made your head spin… I get it! In fact, I recently spoke with a friend who had no idea she could even have an offset account - and the potential savings she was missing out on shocked me. That's why in my latest Women of Wealth podcast episode, I'm breaking down: What...

Have you ever found yourself mindlessly scrolling through online stores, adding items to your cart without a second thought? Or maybe you've justified a purchase because it was "on sale"? If so, you're not alone. In my latest podcast episode, I dive deep into a topic that affects so many of us: shopping habits and their impact on our financial goals. Here's a sneak peek of wh...

If the world of investing feels daunting to you with all the jargon and complex strategies out there, you're not alone. But what if I told you there are just 5 basic concepts you need to understand before diving into investing? In episode 18 Women of Wealth podcast, I break down these 5 key investment principles in a way that's super easy to grasp - no finance degree required! During this...

What if I told you there's a way to own an investment property worth over $1 million… For just $100 per week? Sounds crazy, I know. But stay with me here. In episode 17 of the “Women of Wealth podcast”, I reveal a unique investment strategy that allows you to get into the property market for less than the cost of dining out. During this info-packed episode, you'll discover: How to find and...

Your 30s and 40s are a magical window of time for building long-term wealth. With decades until retirement… The simple act of prudent investing today unleashes the awesome power of compound growth to transform even modest contributions into a massive nest egg down the road. But I've seen it happen too many times: Smart, ambitious women squandering this golden opportunity by falling into danger...

We've all been there... You get a burst of excitement - a promotion, bonus, or some other positive news worth celebrating.  The natural first thought? "Let's go shopping!" Or maybe it's the opposite scenario. You're feeling stressed, burned out, or just need a little pick-me-up.  Again, the urge kicks in: "Retail therapy, here I come!"   Sounds harmless enough i...

Hands up if you get a headache just thinking about your super statement?  I get it - superannuation can feel like a confusing maze of jargon and numbers. But getting on top of your super today is one of the most powerful steps you can take toward retiring wealthier tomorrow. And in episode 14 of the “Women of Wealth” podcast, I'll walk you through: The 3 main types of super funds and how to sp...

We've all felt it before...that sinking feeling in the pit of your stomach when someone mentions the word "risk." Maybe your heart starts racing as you imagine losing everything and having to start over financially. If so, you're certainly not alone. For too many women, the fear of risk becomes paralyzing… Even preventing them from ever taking control of their finances. But what...

As a woman, you've likely been told that investing is too complex… Too risky…  Or that you need a lot of money to get started. But what if I told you that these are all myths that are keeping you from building the wealth you deserve? In Episode 12 of the Women of Wealth Podcast, I reveal the 3 worst investing habits that are holding you back from financial success. You'll discover: Why che...

As a mother, I often worry about the unconscious gender bias that might influence my daughter's beliefs about money and success. Did you know that by the age of six, girls have already started to believe that boys are better suited to being "really, really smart" and better at managing money? It's a shocking statistic, but one that we can't ignore. That's why in Episode 1...

Are you feeling overwhelmed by all the investment options out there? You're not alone. With so many people telling you what to do and promising quick wealth, it's easy to feel paralysed and unsure of who to trust. But what if I told you that the key to making smart investment decisions lies within yourself? In the latest episode of the Women of Wealth Podcast, I share the 4 key things you...

Imagine you've just received or saved up $20,000. What should you do with it? You could spend it on a luxury holiday or a new car… But what if I told you there's a better way to use that money to set yourself up for a brighter financial future? In Episode 9 of the Women of Wealth Podcast, I dive into the best strategies to invest $20,000… … whether you're looking at a short-term or lon...

Do you ever feel like creating wealth and achieving financial independence is out of your reach? Like it's only possible for the rich and famous who have large sums of money to invest? I understand how overwhelming it can be. However… It’s more attainable than you believe. And in Episode 8 of the Women of Wealth Podcast… I reveal the foundational principles of money that will help you understa...

It's not what you make, it's what you keep. Sounds simple enough, right?  But the truth is… Most people completely ignore this crucial principle when it comes to building wealth. In fact, in my latest podcast episode… I reveal the three different cash flow patterns I've observed over my three decades working with thousands of women… … and how adopting the right pattern can mean the dif...

Do you know where you stand financially right now? More importantly, do you have a clear vision of where you want to be when it's time to retire? If you're like most people, the answer is probably "no." But here's the thing:  If you don't know where you are and where you want to go… How can you possibly bridge the gap? That's why in Episode 6 of the Women of Wealth Po...

What if I told you that the secret to achieving financial independence has nothing to do with complex investment strategies or taking big risks? In fact, it all comes down to one simple thing: Aligning your money with your values. In Episode 5 of the Women of Wealth Podcast, I dive deep into this powerful concept and reveal: Why understanding your values is the key to making better financial decis...

What if I told you that your childhood experiences with money are still impacting your financial decisions today? It's true. The way we view and handle money as adults is deeply rooted in our past. But here's the good news:  You have the power to change your financial future, regardless of your money story. In Episode 4 of the Women of Wealth Podcast, I dive deep into the concept of "...

As women, we're often told that we need to be everything to everyone. Mum, wife, friend, caretaker... the list goes on. But in the midst of trying to keep everyone else happy, we often lose sight of our own needs and desires. And that's especially true when it comes to our finances. In Episode 3 of the Women of Wealth Podcast, I reveal the 6 rules that every financially free woman lives by...

Are you stuck in the 90% of people who struggle to build wealth? The truth is, if you want to break out of the status quo… You can’t behave like the 90% do. Instead… You must do what the 10% wealthiest people do. But what if I told you that breaking free from the status quo is closer than you think? In the latest episode of the Women of Wealth podcast, I share my 6-step strategy for kicking the st...

"Life isn't about waiting for the winds to change, life is about learning to adjust your sails." This quote gives me goosebumps every single time I read it. And in the very first episode of the Women of Wealth podcast, I dive deep into what it truly means. Because here's the thing... As women, we can't afford to play the passive game anymore. We can't wait for society, go...