475: Simran (Friends That Invest): The Investment Mistake 70% of Women Make (Do This Instead)

*Note: At the time of this recording, Simran’s business was called Girls That Invest - it has since been renamed to Friends That Invest. What if your money could give you freedom - not just someday, but starting now? In this episode, Natalie sits down with Simran Kaur, founder of Friends That Invest, to talk about building real financial security in an uncertain economy. They cover how to recession-proof your income, avoid common money traps, and start investing with confidence, even if you’re starting from zero. Simran shares the simple system behind her early retirement plan, why passive income is often misunderstood, and how to create your own trust fund so your money works for you. If you’ve been avoiding your finances or feeling unsure where to start, this episode will help you take your power back. TIMESTAMPS 00:00 - Simran shares her journey from optometrist to founder of a global investing platform 02:00 - Why she chose a simple business model with one paid offer, and how it changed everything 04:10 - The truth about shiny object syndrome and how to stay focused on what works 06:20 - A real conversation about what’s happening in the economy right now + how to protect yourself 08:30 The two ways to handle your finances during a recession: proactive vs. reactive 11:15 - How to calculate your personal “burn rate” and set up a 6-month emergency fund 13:50 - Avoiding lifestyle creep + how to grow your income without overspending 15:25 - Why the wealthiest people invest more during recessions, and how you can too 18:10 - Simran’s personal plan to retire early and how she’s creating her own trust fund 21:00 - Passive income vs. real passive investing: what actually counts 23:30 - The 4% drawdown rule explained, and why it’s the key to financial independence 25:00 - The mistake 70% of women are making with their money (and how to fix it) 29:50 The easiest way to start investing + Simran’s advice for beginners RESOURCES + LINKS Ready to build lasting wealth on your own terms? Grab The Ultimate Wealth Building Guide for Entrepreneurs completely free here: ⁠ https://www.bossbabe.com/WealthGuide-Podcast Want to start investing or join the next masterclass? Head to https://friendsthatinvest.com/ to sign up for the newsletter, explore resources, and learn more. Imagine Having Natalie As Your CMO, On Call 24/7 To Help You Make The Right Moves In Your Business. That’s Exactly What You Get With Bossbabe AI The Freedom Engine™: AI-Powered Strategy And Systems That Show You What To Sell, How To Sell It, And How To Scale - Without All The Guesswork. Learn More And Unlock It Here. Join The Société: Build Your Freedom-Based Business™ With Systems, Templates, Coaching + Community. Just $97/Month. Sign Up For Our Free Weekly Newsletter & Get Insights From Natalie Every Single Week On All Things Strategy, Motherhood, Business Growth + More. Drop Us A Review On The Podcast + Send Us A Screenshot & We’ll Send You Natalie’s 7-Figure Operating System Completely FREE (value $1,997).