This is the eleventh in a series of personal finance blogger interviews with fellow personal finance bloggers. Today’s guest is Kylie Ofiu from KylieOfiu.com
Who is Kylie Ofiu?
Kylie: I’m an author, freelance writer, speaker and award winning blogger. I’m a single mom of 2 daughters living in Australia who set herself the goal to become a millionaire by the time I am 30. On my journey I have created multiple income streams and learned so much about life and finances. I have a real passion for finance, finding ways to make and save money as well as helping the less fortunate, especially the homeless.
Why did you start your blog?
Kylie: My main site KylieOfiu.Com came about when I landed a book contract from another blog of mine Aspiring Millionaire. I only intended for the site to be a landing page, or informational site about me as an author, but the blog aspect grew and it is the part of the site I love, sharing ways to make and save money with people as well as the community behind the blog and social media.
What are your favorite Blogs?
Kylie: I love so many finance blogs, but these are my favorite non-finance ones.
Attitude, Crazy And Scribbles is the blog of my personal stylist. She is genuine and not high fashion, instead she is about self love, helping people find their style and making women feel beautiful, sexy and confident.
The Organised Housewife is an Australian blog (hence the s instead of z), with so much information on being organized, recipes, challenges and more. Katrina is so lovely in person too.
Gala Darling is another self love type blog, with lots of humour, astrology, beauty and a bit of rockabilly thrown in.
When did you first become financially literate?
Kylie: I was raised this way. I read The Richest Man In Babylon at 13. We always had finance, business and self help books in the house. My mother was very frugal, making everything from scratch, preserving food, sewing and so on, having been raised on a farm. She taught me how to do all those things as well and I love it. I started babysitting at 12, worked at the supermarket while in high school, saved and moved out of home at 17. Working and saving were part of life. My dad was open about finances, taught us about budgeting and shared his income, the family expenses etc. He had shares, investments properties and I knew from a young age I wanted multiple streams of income.
I am the same with my daughters, teaching them frugal life skills as well as being open about our finances and hope to raise financially literate children as well.
What was the last item you regretted purchasing?
Kylie: Last week I bought a cute top on eBay and while it is my favorite brand and I love the style, the fit is not perfect. This brand I usually fit perfectly, but I am now between sizes and the smaller I have gotten the harder it is to get tops to fit my bust because that area hasn’t shrunk despite losing about 70 pounds everywhere else.
It’s ok though because I can resell it or donate it to my favorite charity. They have a program where good quality corporate clothing is given to disadvantage people for new jobs and interviews. It was started with politicians here in Canberra donating their clothing, including our first female Prime Minister. It has helped many domestic violence victims escape the violence and homelessness, so I like to help.
If you died today, would your family be OK?
Kylie: No. Financially, yes they would, but I am fighting a legal battle over my children and if I died today my kids would not be safe.
Financially, yes, I am sorted. I have life insurance, I have superannuation, I have investments and I have a will. I am set. I have to be. I am a single mom and want to ensure my children are always looked after.
What are you teaching (or will you teach) your kids about money?
Kylie: I am teaching them about saving, delayed gratification, budgeting, everything. I am very open about our finances, ways they can make money, how I earn my money, what I have to pay for. We have a graph on our wall so they can see our savings for a house and we are saving as a family to travel to America. Having these family goals has made teaching my kids about money a lot easier.
I’ll be teaching them their earning potential is limitless and that they are capable of anything. My 6 year old already has a lot of money making ideas and is a good saver. My 5 year old is not interested in money yet.
What’s your dream job?
Kylie: I have it – I get paid to speak and write! I have created my dream job, which took a lot of work but has been worth it. Also, I volunteer with the homeless and am really fortunate to be able to balance my work life with my family life by working from home and during school hours. Plus now I am heavily involved with my favorite charity, incorporating the aspects of what I love from my business and helping them, so it is the perfect scenario for me.
I am looking at getting a degree to enable me to do more with the homeless/disadvantaged, especially youth. I have the security clearances and some experience and get to do it already, but I feel a little out of my depth sometimes and the degree would help.
What is your favorite quote and why? (write in question)
Kylie: “I am not what happened to me, I am what I choose to become.” ~Carl Jung.
I love this so much I had it stamped on a metal cuff to wear every day. It helped me through a very hard time in my life and I would repeat it to myself all the time.
I have survived domestic violence, rape, stalking, robbery, homelessness, mental health issues and while anyone of these would have been a great reason to give up and stop trying, or an excuse to play the victim for the rest of my life, I chose instead to use them to motivate me and to look for the opportunities in those negatives experiences and create the life I choose for myself and my daughters.
Bio: Kylie Ofiu is an Australian author, speaker, writer and award winning blogger. She was born in Tasmania, but now lives with her 2 daughters in Canberra, Australia. She has always had a passion for finance, finding ways to make and save money from a young age.
She has personal experience with investing in property and shares, as well as experience on the other end of finance with homelessness, domestic violence, divorce and being a single parent. She openly shares ways to make and save money as well as aspects of her life on her site.
If you’d like to be featured in a future interview, please contact me.