Clever investments lead to retirement


Mother and daughter investment team Fran White and Lacey Filipich.
Mother and daughter investment team Fran White and Lacey Filipich.

Mrs Filipich now owns six properties and banks close to $50,000 a year in passive income, money that allows her to stay at home with her young children.

Her remaining time is dedicated to Money School, created with mother Fran White to provide the financial education the pair believe is missing from current school curriculums.

Mrs Filipich and Ms White have been chosen to feature in Inspirational WA Women, a book released on International Women’s Day to celebrate the achievements of remarkable local women.

“I was well into my late 40s before I even realised the investment possibilities that were out there as opposed to just working for a living,” Ms White said.

“I was a single parent for many years and living on a fairly minimal income because I was working part-time but I began investing first in shares and then later in property.”

Mrs Filipich followed her mother down the same path, taking money earned through part-time jobs as a high school student and using it as the deposit for her first property.

“When I was about 17 mum and I went to an investment seminar where they talked about buying quality, undervalued assets,” Mrs Filipich said.

“I had some money set aside and was planning on buying a car I had my eye on but mum talked me into buying property instead.

“Two years later we spent nine months searching and finally found the perfect place for a bargain in Brisbane where I grew up.”

Mrs Filipich moved into the two-bedroom property while attending the University of Queensland but rented the second room out and has since used that head start to build an impressive investment portfolio, purchasing her own East Fremantle home in 2014.

Visit www.moneyschool.org.au .