Performer Nikki Webster is about to open her own dance studio.
What was your first job?
Being in the pantomime Cinderella in Sydney when I was five.
What did you get paid?
Probably about $200 for the whole season.
Are you a saver or a spender?
I’m a huge spender on friends and family, for myself I’m a saver.
What do you spend your money on?
Other than bills and clothes, most of my money goes on investing in my music and setting up the new dance studio.
How do you save?
I try to set aside a certain amount from each job and put it into a saving account that earns good interest.
What was your worst purchase?
My last laptop. I got rid of it because it had to be reformatted so many times.
Credit cards are: a) great; b) helpful; c) a poor investment; d) work of the devil
You don’t have to carry around cash to make big purchases.
Does budgeting work for you?
I think it depends – if I’m budgeting for something I want then yes, but if I’m budgeting just to get by until the next thing comes up then it doesn’t work too well for me.
What’s the best piece of investment advice you have heard?
To believe in what you’re investing into. Also, always have a great accountant.
What’s the best piece of investment advice you have acted on?
To put away a lump sum of money that you don’t need to touch for a period of 6-12 months, into a term deposit that has a good return.
If I was given $20, 000 I would…
Probably deposit on a property for a dance studio so I wouldn’t have to rent.
If I was given $20, 000 I would invest in…
My new album.
Source: The Sun-Herald