Meet our Buds: George Koutsikos

Name: George Koutsikos
Occupation: Director at Vanguard Constructions
Location: Sydney

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Do you have a saving or investing mindset? Describe your style in one sentence.  
My mindset would be long game investing. I enjoy forward planning. 

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Do you invest actively? Why or why not? If so, what is your approach in a nutshell? What level of risk are you comfortable with?
I wouldn't say 100% active. Although I am invested in shares and commodities that I keep an eye on. I’m always reading up on articles and looking into recommendations that my mentors suggest. I make sure to keep an eye on my chosen investments and the markets they are in to help minimise risk. If there are noteworthy changes in the news or from their company announcements, I take this into consideration on if it’s worth while holding. Nothing is a sure thing.

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What are some of the money lessons/mistakes you have learned so far? Any milestones/successes you would like to share?
I’ve learnt debt can be used to your advantage, if you are cautious and think things through thoroughly with all variables considered. Biggest mistake was not following this method earlier.  

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What is one of your short-term money goals?
Short term would be able to afford to add a tipper truck to my business to help us become a new level of self sufficient.

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What are you most likely to splurge on?
Easy question, tools and food. Nothing better than rewarding myself with a new tool to help me through my daily tasks and a nice meal and great company to finish a long week.  

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Any resources that have helped you with your money - i.e., books, apps, websites, podcasts?
Robert Kiyosaki's content is really enjoyable. He helps give me pointers on how to approach any opportunity & venture I take with my business and investments.

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Any investments outside of Blossom?
Outside of blossom I have invested in commodities as well as flipping homes in my free time around my work for Vanguard.

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Who is your biggest money role model?
My biggest role model would be Robert Kiyosaki. I can relate to Robert’s upbringing and his influences during his young years. Some advice is take it and leave it, but some is noteworthy. It’s important to learn which is which.

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What’s the best piece of financial advice you’ve been given? Or one piece of financial advice you’d give your younger self?
“Make your money work harder than you do”. To my younger self: learn the basics of accounting as it’s the foundation and if you understand this, the set up is easy.

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Disclaimer

This is not investment advice, just our effort to open the conversation surrounding money. Our interviewees opinions are based on their personal experiences with money, and do not necessarily reflect the opinions of Blossom App. As always, please do your own research and make your own decisions. For more info on Blossom, check out the PDS, TMD & FAQs at www.blossomapp.com

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