Welcome back to Pay Day, the new ABC column where we ask Australians the money questions we don't like to talk about. We aim to demystify personal finance and normalise conversations about what we earn and how we save it — or spend it.
For Pay Day, Tyler Mahoney talks about the lessons she has learned from starting her own businesses and why cash is still "king" in the outback.I am extremely privileged that I live in an area with a very low cost of living and I run a company that can afford to pay me a good wage.
They took a huge risk but it was worth it; I think watching this made me comfortable taking financial risks. My parents are hard working middle-class people so I wasn't taught a lot about investing outside of gold so I have worked hard to educate myself to make sure I am financially literate.