Finance guru shares the little-known hack to find out the salary for a job listing

A podcast host and finance guru has shared the simple hack she uses to discover what the salary for a job listing is even if the company has not publicly promoted it.

Simran Kaur, from New Zealand, managed to grow her net worth from $8,000 to $900,000 in just a few short years after investing in shares, renovating her rundown home and building her business ‘Girls That Invest’.

On Friday she took to Instagram to talk about a website she uses every time she applies for a new job.

‘Why is no one talking about the salary hack where you can literally figure out what a company is paying even if they’re not telling you?’ She said.

Simran Kaur managed to grow her net worth from $8,000 to $900,000 in just a few short years after investing in shares, renovating her rundown home and building her business ‘Girls That Invest’

If you see a job on Seek all you need to do is copy the URL, paste it into whatsthesalary.com and hit “fetch”.

It will tell you exactly what the recruiter put in as the salary range. That way you know exactly what the maximum amount is and what to ask for.

Her brilliant discovery was well received by the 183,000 women who follow her, with some saying they had tried it out for themselves.

I learned this hack from you earlier in the year and it absolutely changed the job hunting game for me. I ended up at a role getting paid at least $10,000 more than I would have asked! Thank you so much,’ one woman replied to the video.

Omg thanks Simi for sharing this! This is going to be a game changer,’ said another.

Her brilliant discovery was well received by the 183,000 women who follow her, with some saying they had tried it out for themselves.

Her brilliant discovery was well received by the 183,000 women who follow her, with some saying they had tried it out for themselves.

In 2020 Simran boosted her savings by taking on side hustles to supplement her income and learned how to invest her money.

She managed to save $57,000 in one year to purchase her first home worth $565K with a 10 percent deposit.

But the road to financial success has come with sacrificing her time, as she often works 60 to 80 hours a week focusing on her assets.

Simran and her podcast cofounder Sonya Gupthan (pictured, right) started the podcast Girls That Invest to spread financial literacy and teach women how to invest.

Simran and her podcast cofounder Sonya Gupthan (pictured, right) started the podcast Girls That Invest to spread financial literacy and teach women how to invest.

‘Initially I worked a normal 9-5 job with some ecommerce side hustles, where I was selling merchandise like shirts and tote bags to a community of 300k people along with a few other ecommerce brands that were in the accessories niche,’ Simran told Daily Mail Australia in March.

At the time she was also freelancing her time to create online content for financial brands.

‘I realized I was great at social media so I thought if I spend so much time on Instagram and TikTok for free, why not be paid to do it,’ she said.

‘All the money I earned I either invested into my shares or my business. I lived very cheaply by renting out a flat with three other people, spending less than $70 on food every week and splitting bills with my flatmates.’

Her assets include her savings, house, stocks, business cash and the value of her car.

How is Simran’s net worth broken down?

Assets

  • Home – $720,000
  • KiwiSaver – $4,208
  • Shares – $50,000
  • Business bank account – $630,000
  • Savings – $13,000
  • Value of businesses (excluding cash) $45,000
  • Car/boat/caravan $26,000

Total – $1,488,208

Liabilities

  • Mortgage – $498,623
  • Student loan – $43,311

Total – $541,934

Net worth (assets – liabilities)

= $946,265

She also took up side hustles, such as dropshipping and selling ‘print on demand’ products.

Dropshipping involves shipping products from the manufacturer directly to the customer without the supplier or retailer ever seeing it.

‘My ecommerce brands focused on dropshipping for a while but ended up putting more attention into print on demand, where an item is made only when a person purchases it,’ Simran said.

‘It does push the shipping dates out by two to three days but it means that I could keep my overhead to almost $0 and not have hundreds or thousands of dollars stuck in merchandise.’

Simran grew her net wrath by focusing on side hustles in addition to renovating her home and building her businesses.

Simran grew her net wrath by focusing on side hustles in addition to renovating her home and building her businesses.

Simran and her best friend Sonya Gupthan started Girls That Invest to spread financial literacy and teach women how to invest.

Today the brand has a strong community of more than 200,000 people, mostly women, and more than 180,000 followers on Instagram.

The brand itself is now also worth six-figures.

For the first 18 months Sim said she did not take on any paid opportunities and would speak at events for free to share her views and knowledge.

Now the pair also offer a single paid product for community members who want a more comprehensive in-depth experience to learn more about investing.

‘Our masterclass has been taken by over 2000 students worldwide from counties like Australia and NZ but also in the US, Canada, UK, Spain and South Korea – it’s phenomenal!’ she said.

What to know before you invest:

– Never think investing is something you can’t get into or understand

– Understand that you don’t need a lot of money to get started

– Research the companies you want to invest in and why

– Consider exchange traded funds (ETFs) and mutual funds rather than single-company shares

Prior to purchasing her first home at the age of 24, Simran had to strategically save and budget her money.

‘I had to cut down my spending habits by budgeting how much I spent on groceries and caught up with friends at home instead of going out,’ she said.

Being single with no dependents, she was able to save frugally and strategically over a short period of time.

But she also had luck on her side, as she invested a large amount of money into the stock market ‘at the right time’ to gain an estimated profit of $4,730 over 12 months.

‘When I had close to $50,000 I knew I needed to speak to a mortgage broker and apply for a loan,’ she said.

Prior to purchasing her first home at the age of 24, Simran had to strategically save and budget her money

Prior to purchasing her first home at the age of 24, Simran had to strategically save and budget her money

‘I was lucky enough to invest in the bottom of the market in March and some of my investments did very well, including Tesla which gave me a 400 percent return on my money,’ she said.

I had dabbled in investing in the past but decided to take it more seriously and invested as much as I could afford slowly every week.

‘After graduating from uni in 2019 I started working in healthcare in 2020, but after I was stood down during Covid-19 lockdown I temporarily lived on a government wage subsidy.

‘When I began my investing journey there wasn’t any information that was female oriented and it felt very intimidating,’ she said.

‘I couldn’t find a voice that related to mine, it was just ‘finance bros’ who overcomplicated investing concepts.’

Simran said she mainly invests in Exchange Traded Funds (ETFs) including the S&P500, but also invests in specific companies – Tesla, Shopify, Apple, Amazon and Google – using Sharesies and Hatch.

She also dabbled in cryptocurrencies by holding Ethereum, Litecoin and Dogecoin, which was a risky investment.

Over time she initially invested $14,581 and gained an estimated profit over the year of $4,730.

In addition to this she had personal savings of $28,629 and $8,902 in her existing KiwiSaver account.

Over a short period of time the Girls That Invest podcast is claimed to be ‘one of Australia’s biggest investing podcast for women’

In August 2020 Simran and Sonya extended the ‘Girls That Invest’ name and started a podcast for women to ‘break down investing jargon’ and make it easier to understand.

‘We’re two women who spoke about investing in a fun manner that wasn’t intimidating – we spoke about NFTs, crypto, how to get started investing, top ETFs and things to look out for.’

Over a short period of time the podcast is claimed to be ‘one of Australia’s biggest investing podcast for women’ as well as among the ‘top two investing podcasts in New Zealand’.

‘We don’t tell women what to invest in, we just simplify what the stock market even is, how to tell the difference between an ETF and an Index Fund and overall show that investing should be and can be for women and marginalized groups, she said.

In addition to saving, Simran encourages women to start investing and find ways to boost your income

In addition to saving, Simran encourages women to start investing and find ways to boost your income.

‘There’s a limit to how much you can save but there’s no limit to how much you can invest,’ she said, adding: ‘And it’s really quite simple.’

Prior to investing it’s important to always do your own research and only invest as much as you can afford to potentially lose.

Simran’s top investing tips

Don’t watch or check the stocks every day

Be patient and don’t let the ‘ups and downs’ of the market scare you

Have a plan set in place

Accept the risks involved

Understand that investing isn’t that complicated

Only invest as much as you can afford

Do your research by making use of books, podcasts and videos available

.

Leave a Comment