1 00:00:00,200 --> 00:00:03,560 Speaker 1: Good morning, everyone, and welcome back to Sugar Mama's Fireplay. 2 00:00:03,680 --> 00:00:06,880 Speaker 1: I am your host financial planner Canna Campbell, and as always, 3 00:00:06,880 --> 00:00:10,320 Speaker 1: I'm here every Monday morning at five am. Ray Hayle 4 00:00:10,440 --> 00:00:12,400 Speaker 1: or Shine Hell make sure that you start your week 5 00:00:12,400 --> 00:00:16,720 Speaker 1: off on and inspired, motivated, and most importantly educated note 6 00:00:16,720 --> 00:00:18,799 Speaker 1: when it comes to all of your fabulous financial goals 7 00:00:18,800 --> 00:00:23,480 Speaker 1: and dreams. This morning we are joined by Matt hay. Now, 8 00:00:23,600 --> 00:00:26,360 Speaker 1: I came across this story on news dot com about 9 00:00:26,360 --> 00:00:31,120 Speaker 1: this person who had done this lifestyle like a financial 10 00:00:31,160 --> 00:00:36,640 Speaker 1: lifestyle experiment and had brilliant, fantastic, fabulous results, And I 11 00:00:36,640 --> 00:00:40,559 Speaker 1: immediately did a deep dive and got in contact with 12 00:00:40,600 --> 00:00:42,640 Speaker 1: this person and invited them to come to the show 13 00:00:42,680 --> 00:00:44,960 Speaker 1: because I really want to pick your brain and hear 14 00:00:45,040 --> 00:00:48,519 Speaker 1: all about this, because I think it's brilliant. So this 15 00:00:48,640 --> 00:00:51,640 Speaker 1: morning we were joined by Matt hay and we're going 16 00:00:51,680 --> 00:00:55,440 Speaker 1: to hear about how he basically has got against the 17 00:00:55,520 --> 00:00:59,120 Speaker 1: system and embrace cash. Embrace cash to try and see 18 00:00:59,160 --> 00:01:01,920 Speaker 1: if you can spend less and save more. And this 19 00:01:02,000 --> 00:01:04,040 Speaker 1: morning we're going to pick his brain and hear all 20 00:01:04,040 --> 00:01:19,280 Speaker 1: about this fabulous lifestyle change. Matt, thank you so much 21 00:01:19,319 --> 00:01:21,360 Speaker 1: for coming on the show today, I am I've got 22 00:01:21,360 --> 00:01:23,720 Speaker 1: so many questions. I'm sure some of them are inappropriately 23 00:01:24,200 --> 00:01:27,559 Speaker 1: personal about your finances, but I'm going to ask them anyway, 24 00:01:27,600 --> 00:01:28,960 Speaker 1: so you can tell you to mind your own business 25 00:01:29,000 --> 00:01:29,640 Speaker 1: at any time. 26 00:01:29,720 --> 00:01:32,160 Speaker 2: Oh, You've chosen the right person to have on this podcast, 27 00:01:32,200 --> 00:01:35,560 Speaker 2: because I'm I am someone who spills not only any 28 00:01:35,640 --> 00:01:38,120 Speaker 2: secret online anyway, but on a podcast. I feel like 29 00:01:38,160 --> 00:01:40,920 Speaker 2: it's a part of the internet where you can say 30 00:01:40,959 --> 00:01:43,520 Speaker 2: stuff and nothing's anything goes oh, and all. 31 00:01:43,440 --> 00:01:45,479 Speaker 1: About helping each other by being open. 32 00:01:45,600 --> 00:01:46,479 Speaker 2: Yeh, sual. 33 00:01:46,560 --> 00:01:48,400 Speaker 1: I'm an open book myself, and I'm a bit of 34 00:01:48,400 --> 00:01:51,160 Speaker 1: a verbal diarrhea. I am my own dirty laundry all 35 00:01:51,160 --> 00:01:53,200 Speaker 1: the time because I don't have enough brain cells or 36 00:01:53,280 --> 00:01:55,840 Speaker 1: energy to try and keep off this wall or high things. 37 00:01:55,880 --> 00:01:58,640 Speaker 2: So welcome, Thank you for having me, by the way, 38 00:01:58,720 --> 00:01:59,840 Speaker 2: it's exciting to be here. 39 00:02:00,560 --> 00:02:04,320 Speaker 1: Now, tell me first of all about yourself, because you're 40 00:02:04,320 --> 00:02:07,240 Speaker 1: a bit of a celebrity. You're a podcaster as well. 41 00:02:08,040 --> 00:02:09,840 Speaker 1: You have a very glorous lifestyle, so you can just 42 00:02:09,880 --> 00:02:12,160 Speaker 1: give us a bit of a background about yourself. Yeah. 43 00:02:12,200 --> 00:02:14,440 Speaker 2: Well, I've been in the social media space for ten years. 44 00:02:14,520 --> 00:02:17,000 Speaker 2: I've uploaded my first YouTube video ten years ago, and 45 00:02:17,040 --> 00:02:18,880 Speaker 2: of course it was just silly little videos for my 46 00:02:19,000 --> 00:02:20,720 Speaker 2: friends and things like that, and then it took off 47 00:02:20,760 --> 00:02:23,000 Speaker 2: and it's now my full time career has been for 48 00:02:23,040 --> 00:02:25,760 Speaker 2: a few years now, and I'm known online as Australia's 49 00:02:25,760 --> 00:02:29,079 Speaker 2: biggest glamors. On my alter ego online is alright, hey, 50 00:02:29,560 --> 00:02:33,200 Speaker 2: and I just make videos about anything. Really. It's always 51 00:02:33,200 --> 00:02:35,280 Speaker 2: hard when someone goes, what do you make videos about, 52 00:02:35,280 --> 00:02:37,440 Speaker 2: because it's like, whatever comes to my mind is what 53 00:02:37,480 --> 00:02:40,320 Speaker 2: I've as you said, verbal diarrhea onto the internet, things 54 00:02:40,360 --> 00:02:43,080 Speaker 2: like TikTok ba, get all the opinions and things like that, 55 00:02:43,120 --> 00:02:45,520 Speaker 2: and of course that grows into having a podcast and 56 00:02:45,600 --> 00:02:47,760 Speaker 2: doing all the things I've just I'm halfway through my 57 00:02:47,840 --> 00:02:50,799 Speaker 2: national tour that I just have been away for two 58 00:02:50,800 --> 00:02:54,560 Speaker 2: weeks doing, which has been a wild rollercoaster, and I'm 59 00:02:54,560 --> 00:02:56,640 Speaker 2: about to wrap that up next week. So I kind 60 00:02:56,639 --> 00:02:58,560 Speaker 2: of have a finger in every pie and I just 61 00:02:58,760 --> 00:03:01,960 Speaker 2: like to I just love working, like I've always been 62 00:03:01,960 --> 00:03:03,640 Speaker 2: one of the people have like three jobs at once, 63 00:03:03,680 --> 00:03:06,120 Speaker 2: even before this, so I can't just do the one thing. 64 00:03:06,160 --> 00:03:07,639 Speaker 2: I'm like, We've got to do the podcast, We've got 65 00:03:07,639 --> 00:03:09,160 Speaker 2: to do the live shows, we've got to do this, 66 00:03:09,200 --> 00:03:11,320 Speaker 2: we've got to do that, and I just do a 67 00:03:11,360 --> 00:03:12,480 Speaker 2: bit of everything online. 68 00:03:12,560 --> 00:03:14,799 Speaker 1: So even before the cost of living crisis, you already 69 00:03:14,800 --> 00:03:16,520 Speaker 1: are a natural born hustler. 70 00:03:16,600 --> 00:03:18,799 Speaker 2: Yeah, for sure, for sure, absolutely a hustler. 71 00:03:20,000 --> 00:03:24,520 Speaker 1: All right, I heard about your I Guess Lifetime movie 72 00:03:24,560 --> 00:03:27,079 Speaker 1: where you decided, Okay, I want to save some money. 73 00:03:27,360 --> 00:03:31,400 Speaker 1: I'm going to stop using a credit card and a 74 00:03:31,440 --> 00:03:34,560 Speaker 1: debit card where possible and just spend cash. 75 00:03:34,880 --> 00:03:35,080 Speaker 2: Yep. 76 00:03:35,720 --> 00:03:38,680 Speaker 1: Now, when I first, it's just quite funny. I started 77 00:03:38,720 --> 00:03:42,240 Speaker 1: my YouTube channel about Rocker just turn at eleven. So 78 00:03:42,320 --> 00:03:45,920 Speaker 1: I started nine years ago, and I used to say 79 00:03:45,920 --> 00:03:48,480 Speaker 1: to people, you know, spend cash if you can, because 80 00:03:48,480 --> 00:03:50,960 Speaker 1: it physically hurts handing one hundred dollar note or a 81 00:03:51,000 --> 00:03:53,680 Speaker 1: fifty dollar note, watching it breakdown and getting coins and 82 00:03:53,760 --> 00:03:57,240 Speaker 1: smaller notes back, and it will you tend to spend less. 83 00:03:57,920 --> 00:04:01,560 Speaker 1: Talk me through what made you side, like, what was 84 00:04:01,560 --> 00:04:05,600 Speaker 1: the catalyst for you going right? But it's only spending 85 00:04:05,640 --> 00:04:07,520 Speaker 1: cash now and see what happens. 86 00:04:07,480 --> 00:04:10,160 Speaker 2: Well for me. I've always been someone who loves a budget. 87 00:04:11,240 --> 00:04:14,880 Speaker 2: I love a budget. Hey, don't get too excited. I'm 88 00:04:14,920 --> 00:04:17,200 Speaker 2: the next part of that sentence. I've never been able 89 00:04:17,240 --> 00:04:18,320 Speaker 2: to stick to a budget. 90 00:04:18,920 --> 00:04:23,000 Speaker 1: I can help you. I've got you covered atally how. 91 00:04:23,200 --> 00:04:25,760 Speaker 2: And I have never really been a saver. I feel 92 00:04:25,760 --> 00:04:28,000 Speaker 2: like I've saved a few thousand dollars and then I've gone, oh, 93 00:04:28,040 --> 00:04:29,560 Speaker 2: I've got a few thousand dollars, what can we spend 94 00:04:29,600 --> 00:04:31,039 Speaker 2: it on? You know what I mean? Like, I've never 95 00:04:31,080 --> 00:04:34,919 Speaker 2: really been one of those people who And my journey 96 00:04:34,920 --> 00:04:37,800 Speaker 2: with money was always drilled into me from my especially 97 00:04:37,839 --> 00:04:40,160 Speaker 2: my dad, Like he was always from the get go, 98 00:04:40,279 --> 00:04:42,360 Speaker 2: you know, saying e fron. When I got my first job, 99 00:04:42,440 --> 00:04:44,279 Speaker 2: he'd be like, you need to put so and so 100 00:04:44,400 --> 00:04:47,160 Speaker 2: away so that you've got savings. And well, I wish 101 00:04:47,200 --> 00:04:49,599 Speaker 2: I listened to him, because what a different position I 102 00:04:49,680 --> 00:04:51,479 Speaker 2: might be into. But that's the thing, that's the lessons 103 00:04:51,520 --> 00:04:53,040 Speaker 2: we learn. We never listened to our parents, you know 104 00:04:53,080 --> 00:04:55,520 Speaker 2: what I mean. Oh God, So I have never really 105 00:04:55,560 --> 00:04:58,040 Speaker 2: been a saver. I never really been. I can stick 106 00:04:58,080 --> 00:05:00,640 Speaker 2: to a budget, but I what was what the problem 107 00:05:00,720 --> 00:05:02,960 Speaker 2: was was last year I felt like one my spending 108 00:05:03,040 --> 00:05:04,800 Speaker 2: was just out of control. I was just kind of 109 00:05:04,839 --> 00:05:07,360 Speaker 2: like spending whatever and not really thinking about it because 110 00:05:07,400 --> 00:05:10,680 Speaker 2: I had this like life ish short attitude sort of thing, 111 00:05:10,680 --> 00:05:13,480 Speaker 2: and what if I die tomorrow? The money yeah, the 112 00:05:13,480 --> 00:05:15,920 Speaker 2: money is now good in my bank account if I'm dead. 113 00:05:16,040 --> 00:05:18,080 Speaker 2: That sort of was the attitude that I had. And 114 00:05:18,120 --> 00:05:20,080 Speaker 2: then at the end of last year, you know, I've 115 00:05:20,120 --> 00:05:23,480 Speaker 2: been with my partner for almost five years in August, 116 00:05:24,000 --> 00:05:26,680 Speaker 2: and so him and I we just kind of, you know, 117 00:05:26,920 --> 00:05:29,200 Speaker 2: want to start setting ourselves up for the future and 118 00:05:29,240 --> 00:05:31,440 Speaker 2: things like that. And we've got a wedding to say that. 119 00:05:31,560 --> 00:05:34,080 Speaker 2: We're not engaged yet, but you know that's. 120 00:05:33,960 --> 00:05:36,000 Speaker 1: So exciting both the things to look forward to. 121 00:05:36,160 --> 00:05:38,480 Speaker 2: Well, We're having all those sorts of conversations and I'm 122 00:05:38,520 --> 00:05:41,400 Speaker 2: looking at my bank going Okay, well we want to do. 123 00:05:41,360 --> 00:05:42,719 Speaker 1: All the belting time now. 124 00:05:42,920 --> 00:05:45,880 Speaker 2: Yeah. And we also given we got together about six 125 00:05:45,920 --> 00:05:48,640 Speaker 2: months before the pandemic, and so the first you know, 126 00:05:48,720 --> 00:05:52,560 Speaker 2: the real you know, the foundation of our relationship was 127 00:05:52,600 --> 00:05:55,240 Speaker 2: basically built in lockdown. That kind of like made or 128 00:05:55,320 --> 00:05:58,000 Speaker 2: broke a relationship, and it really made us. But we 129 00:05:58,040 --> 00:06:00,200 Speaker 2: haven't had a chance to go and do the the 130 00:06:00,240 --> 00:06:02,800 Speaker 2: Europe trip or the America trip or anything that all 131 00:06:02,800 --> 00:06:05,360 Speaker 2: these you know, when you're dating someone, you go on 132 00:06:05,400 --> 00:06:09,080 Speaker 2: these big trips to really one find out everything about 133 00:06:09,080 --> 00:06:11,680 Speaker 2: them and how they act under pressure and things like that, 134 00:06:12,960 --> 00:06:15,080 Speaker 2: which I think we'd be fine with anyway. But the 135 00:06:15,160 --> 00:06:17,200 Speaker 2: point is all those sorts of things we haven't done. 136 00:06:17,240 --> 00:06:18,800 Speaker 2: So we sort of said to each other, we want 137 00:06:18,800 --> 00:06:21,839 Speaker 2: to do those things either this year or next year. 138 00:06:22,640 --> 00:06:25,039 Speaker 2: And so I looked at my budget, and the thing was, 139 00:06:25,080 --> 00:06:27,680 Speaker 2: I would, as I said, I've always had one, but 140 00:06:27,720 --> 00:06:29,320 Speaker 2: I just haven't been able to like stick to it 141 00:06:29,320 --> 00:06:31,080 Speaker 2: because I just go, nah, well, i'll figure it out. 142 00:06:31,120 --> 00:06:31,479 Speaker 2: Next week. 143 00:06:31,680 --> 00:06:34,120 Speaker 1: We're going to workshop basin isn't okay, Whether it's in 144 00:06:34,120 --> 00:06:37,880 Speaker 1: today's episode or if we have another episode together, we 145 00:06:37,920 --> 00:06:41,160 Speaker 1: will workshop this. I am here to help you. Thanks you. 146 00:06:41,920 --> 00:06:46,320 Speaker 2: And so what I was, you know, finding, is when 147 00:06:46,440 --> 00:06:49,920 Speaker 2: I was using my card, it just felt so easy 148 00:06:50,000 --> 00:06:53,080 Speaker 2: to go over my budget because I had my however 149 00:06:53,160 --> 00:06:56,960 Speaker 2: much for my petrol, my groceries, my rent, my phone bill, 150 00:06:57,000 --> 00:06:59,120 Speaker 2: and then I've always given myself a bit of play 151 00:06:59,160 --> 00:07:03,560 Speaker 2: money each week or whatever I want, like guilt free spending, 152 00:07:03,560 --> 00:07:05,719 Speaker 2: whether that's one hundred, two hundred, three hundred dollars, whatever 153 00:07:05,720 --> 00:07:08,680 Speaker 2: the budget might be. So let's say it's one hundred dollars. 154 00:07:08,760 --> 00:07:10,400 Speaker 2: What I would find when I was tapping my card 155 00:07:10,440 --> 00:07:12,080 Speaker 2: is I would tap, tap, tap, and then I'd go, 156 00:07:12,320 --> 00:07:15,239 Speaker 2: I've only got five dollars left of my one hundred dollars. Ah, well, 157 00:07:15,280 --> 00:07:17,480 Speaker 2: next week, I'll be on track next week, and I'd 158 00:07:17,480 --> 00:07:20,640 Speaker 2: just spend over the hundred dollars that I had set 159 00:07:20,640 --> 00:07:23,320 Speaker 2: for myself, and then the next week I'd do the 160 00:07:23,360 --> 00:07:25,640 Speaker 2: same thing, you know, so we're never really getting ahead. 161 00:07:26,320 --> 00:07:28,760 Speaker 2: So then in January, when you know, start of the 162 00:07:29,400 --> 00:07:32,560 Speaker 2: new year, you settle your goals and your manifestations and 163 00:07:32,600 --> 00:07:37,080 Speaker 2: your expectations for twenty twenty four. It was actually my 164 00:07:37,720 --> 00:07:42,400 Speaker 2: partner's idea to start using cash in the first place, 165 00:07:43,040 --> 00:07:46,160 Speaker 2: because he said that one of his friends did it 166 00:07:46,680 --> 00:07:49,800 Speaker 2: and it had changed her life and she was much 167 00:07:49,840 --> 00:07:51,880 Speaker 2: more disciplined with her money now, and I thought, okay, 168 00:07:51,920 --> 00:07:54,120 Speaker 2: well then I'll give that a go. And so yeah, 169 00:07:54,120 --> 00:07:57,720 Speaker 2: in January, we both decided that whatever budget we gave 170 00:07:57,760 --> 00:08:02,320 Speaker 2: ourselves for our you know what, like play money, letter 171 00:08:02,360 --> 00:08:05,200 Speaker 2: play money. Yeah, yeah, yeah, we would take that out 172 00:08:05,280 --> 00:08:07,200 Speaker 2: of an ATM or if we got the groceries, we 173 00:08:07,280 --> 00:08:09,040 Speaker 2: just get it out then you know, wherever it might be, 174 00:08:09,520 --> 00:08:13,360 Speaker 2: and that would be our budget. And uh yeah, that 175 00:08:13,440 --> 00:08:15,560 Speaker 2: was the kind of catalyst behind the whole reason why 176 00:08:15,600 --> 00:08:17,960 Speaker 2: we just wanted to get a bit more serious about 177 00:08:18,000 --> 00:08:20,239 Speaker 2: the whole thing, and I realized that having a budget 178 00:08:20,240 --> 00:08:22,400 Speaker 2: and using you know, digital payments wasn't working. 179 00:08:22,880 --> 00:08:26,120 Speaker 1: Well, this is the thing. It's a soulless transaction. You're 180 00:08:26,160 --> 00:08:28,720 Speaker 1: not present when you're tapping. And whether it be a 181 00:08:28,760 --> 00:08:31,119 Speaker 1: credit card list I think with a debit card because 182 00:08:31,120 --> 00:08:33,800 Speaker 1: you know that this impacts your bank balance immediately, or 183 00:08:33,880 --> 00:08:37,320 Speaker 1: a credit card is obviously payment that's during in a month, 184 00:08:37,360 --> 00:08:41,720 Speaker 1: say for example. So but it's this soulless, mindless transaction. 185 00:08:42,000 --> 00:08:45,600 Speaker 1: You're not present when you hand cash over, called the 186 00:08:45,640 --> 00:08:49,960 Speaker 1: flinch effect because it actually hurts physically to and you're 187 00:08:49,960 --> 00:08:53,200 Speaker 1: actually like, oh, hang on that two hundred dollars T 188 00:08:53,360 --> 00:08:57,840 Speaker 1: shirt you know, Oh, like that's all seem too green? 189 00:08:57,960 --> 00:08:59,640 Speaker 1: Is it green? No, it's been a long time seen 190 00:08:59,679 --> 00:09:02,640 Speaker 1: a hundred note. It's two green notes. Handing that over, 191 00:09:02,720 --> 00:09:04,959 Speaker 1: you're like, ooh, that is a lot of money. And 192 00:09:05,000 --> 00:09:06,680 Speaker 1: to see that money, get that money out of your 193 00:09:06,679 --> 00:09:09,679 Speaker 1: bank account and see the bank balance immediately drop. You 194 00:09:09,840 --> 00:09:12,120 Speaker 1: are a lot more switched on as to the exchange 195 00:09:12,120 --> 00:09:14,720 Speaker 1: of values and whether you really do and don't want that. 196 00:09:14,800 --> 00:09:16,560 Speaker 1: And there's something I did when I was a single mother. 197 00:09:17,120 --> 00:09:18,920 Speaker 1: I paid for a lot of things in cash, to 198 00:09:18,960 --> 00:09:22,600 Speaker 1: really make sure I was being mindful with what I 199 00:09:22,640 --> 00:09:25,079 Speaker 1: was choosing to spend my heart earned money, and that 200 00:09:25,679 --> 00:09:28,720 Speaker 1: connection with it takes you know, five hours whatever it 201 00:09:28,720 --> 00:09:30,800 Speaker 1: may be, to earn that two hundred dollars after tax 202 00:09:31,240 --> 00:09:32,959 Speaker 1: and then to go and spend it in a matter 203 00:09:33,040 --> 00:09:35,720 Speaker 1: of seconds. You know, this is this inerta and in 204 00:09:35,760 --> 00:09:38,400 Speaker 1: this imbalance. That's I think why we do tend to 205 00:09:38,880 --> 00:09:41,360 Speaker 1: waste so much money, whether we like to admit it 206 00:09:41,480 --> 00:09:44,720 Speaker 1: or not. So all right, taught me through the practicals 207 00:09:45,040 --> 00:09:48,199 Speaker 1: of how you then, you know, did this, so you 208 00:09:48,280 --> 00:09:49,800 Speaker 1: got your play money out for the week. 209 00:09:50,360 --> 00:09:53,520 Speaker 2: Okay, so everything else, So all of my regular expenses, 210 00:09:53,559 --> 00:09:56,360 Speaker 2: so my grocery still go on my card. Also to clarify, 211 00:09:56,400 --> 00:09:58,840 Speaker 2: I don't have a credit card, never have, so this 212 00:09:58,920 --> 00:10:02,360 Speaker 2: is all my debit card. What I'm using groceries, petrol, 213 00:10:02,400 --> 00:10:06,360 Speaker 2: phone bill, rent, any bills. Those are regular expenses that 214 00:10:06,400 --> 00:10:08,000 Speaker 2: I pretty much know how much they're going to be. 215 00:10:08,040 --> 00:10:09,320 Speaker 2: They don't change very often to. 216 00:10:09,440 --> 00:10:11,120 Speaker 1: Be like a direct debbitt that comes out each month. 217 00:10:11,240 --> 00:10:13,679 Speaker 2: Yeah yeah, yeah, And so I use my card for 218 00:10:13,840 --> 00:10:18,440 Speaker 2: those things. So it's literally exclusively just my play money. 219 00:10:18,480 --> 00:10:21,559 Speaker 2: So all my needs, I guess they still go through 220 00:10:21,600 --> 00:10:24,960 Speaker 2: my card direct debit. I still tap for my groceries 221 00:10:25,000 --> 00:10:27,880 Speaker 2: and things like that, but anything else, So if I 222 00:10:27,960 --> 00:10:29,800 Speaker 2: want a new top, if I want a new bag, 223 00:10:29,880 --> 00:10:31,199 Speaker 2: if I want to go to the movies, if I 224 00:10:31,240 --> 00:10:33,000 Speaker 2: want to go out for dinner with friends, if I 225 00:10:33,040 --> 00:10:35,720 Speaker 2: want to buy a new book, or you know, things 226 00:10:35,720 --> 00:10:37,559 Speaker 2: like that, those sorts of things is what I will 227 00:10:37,559 --> 00:10:43,079 Speaker 2: pay cash for. And so basically how that works is 228 00:10:43,160 --> 00:10:45,440 Speaker 2: at the start of the week when I get paid, well, 229 00:10:45,480 --> 00:10:47,480 Speaker 2: actually get paid on I pay myself on a Friday, 230 00:10:47,800 --> 00:10:50,640 Speaker 2: but science's but on a Monday is when I'll get 231 00:10:50,640 --> 00:10:52,400 Speaker 2: the cash out and. 232 00:10:52,960 --> 00:10:54,120 Speaker 1: Love that self control. 233 00:10:55,160 --> 00:10:57,840 Speaker 2: Well it's because usually what I've found is that you 234 00:10:57,840 --> 00:10:59,920 Speaker 2: know you're so right with the whole psychology behind it 235 00:11:00,000 --> 00:11:02,760 Speaker 2: actually goes even so much further and so much deeper, 236 00:11:02,800 --> 00:11:05,320 Speaker 2: because you know, on the Monday, I'll get the money out, 237 00:11:05,440 --> 00:11:07,560 Speaker 2: but I won't want to spend any of that money 238 00:11:07,679 --> 00:11:10,480 Speaker 2: until maybe Wednesday, Thursday, because this day. 239 00:11:10,400 --> 00:11:12,880 Speaker 1: I don't I'm a no spend money, like Monday is 240 00:11:13,000 --> 00:11:15,840 Speaker 1: I'm on it. It's like it's dirty to spend money. 241 00:11:15,760 --> 00:11:20,080 Speaker 1: Yeah on a Monday, Tuesday, even Wednesday, only Thursday, I'm. 242 00:11:19,960 --> 00:11:23,079 Speaker 2: Like yeah, like and so that's why I paid on 243 00:11:23,120 --> 00:11:25,280 Speaker 2: a Friday out on a Monday, because on a weekend 244 00:11:25,320 --> 00:11:28,800 Speaker 2: I will usually have some money left over anyway, because 245 00:11:28,800 --> 00:11:30,680 Speaker 2: what I find myself saying is, maybe we get to 246 00:11:30,760 --> 00:11:33,480 Speaker 2: Thursday and I might see a new top that I 247 00:11:33,520 --> 00:11:36,640 Speaker 2: want or want to treat myself to something, or someone 248 00:11:36,720 --> 00:11:38,280 Speaker 2: might invite me to the movies, and I have to 249 00:11:38,280 --> 00:11:40,240 Speaker 2: think to myself, Oh, but what if I go out 250 00:11:40,240 --> 00:11:42,400 Speaker 2: for dinner on the weekend, and then when I go 251 00:11:42,480 --> 00:11:44,600 Speaker 2: out on the weekend, maybe I don't spend as much 252 00:11:44,640 --> 00:11:46,360 Speaker 2: as dinner as I thought, or maybe we don't end 253 00:11:46,440 --> 00:11:48,280 Speaker 2: up going to dinner because it's too cold here in 254 00:11:48,320 --> 00:11:51,200 Speaker 2: Sydney at the moment. So then I've got money left over, 255 00:11:51,240 --> 00:11:54,800 Speaker 2: you know what I mean. But yeah, for the most part, 256 00:11:54,840 --> 00:11:57,480 Speaker 2: like all of my all of those sorts of things 257 00:11:57,559 --> 00:12:00,560 Speaker 2: go get paid with cash. Now, I'm finding and the 258 00:12:00,600 --> 00:12:02,160 Speaker 2: reason that I have been able to, like, you know, 259 00:12:02,400 --> 00:12:06,040 Speaker 2: save money because of this is because of that one. 260 00:12:06,120 --> 00:12:09,520 Speaker 2: The psychology of handing over the money and being like, 261 00:12:09,559 --> 00:12:11,200 Speaker 2: oh my gosh, I've just handed one hundred dollars over 262 00:12:11,240 --> 00:12:13,080 Speaker 2: and I've only got forty dollars cash back. You know, 263 00:12:13,200 --> 00:12:15,280 Speaker 2: my heart is literally racing. I'm like, oh, my gosh, 264 00:12:15,280 --> 00:12:17,280 Speaker 2: I've just spent money, because when you just tap your card, 265 00:12:17,480 --> 00:12:19,920 Speaker 2: you don't even think about it, and you're so subconscious. 266 00:12:20,559 --> 00:12:23,920 Speaker 2: And I just remember thinking to myself when I first 267 00:12:23,920 --> 00:12:26,280 Speaker 2: started using the cash, I was like, oh, my gosh, 268 00:12:26,360 --> 00:12:30,079 Speaker 2: there is a physical reaction like a there's a visceral 269 00:12:30,120 --> 00:12:33,800 Speaker 2: reaction to spending cash and handing over cash. And I 270 00:12:33,880 --> 00:12:36,320 Speaker 2: think once I learned that, that made the process so 271 00:12:36,400 --> 00:12:38,560 Speaker 2: much easier, because I was like, Oh, this really is 272 00:12:38,640 --> 00:12:41,560 Speaker 2: changing my mindset so quickly when you go back to 273 00:12:41,640 --> 00:12:46,760 Speaker 2: using it like that, And then I guess what was 274 00:12:46,760 --> 00:12:47,600 Speaker 2: the rest of the question. 275 00:12:48,480 --> 00:12:50,240 Speaker 1: I've gone But all right, I don't want to know 276 00:12:50,679 --> 00:12:53,800 Speaker 1: how what did you find happened and what was the 277 00:12:53,800 --> 00:12:58,800 Speaker 1: regression like in making this transition from tapping to handing 278 00:12:59,160 --> 00:13:02,040 Speaker 1: colorful notes? Like what did you discover? 279 00:13:02,720 --> 00:13:05,280 Speaker 2: Well, at first it was very clunky, Like at first 280 00:13:05,280 --> 00:13:08,440 Speaker 2: I found it was very strange. One of the biggest 281 00:13:08,720 --> 00:13:11,080 Speaker 2: things that I had to deal with was not actually 282 00:13:11,160 --> 00:13:13,160 Speaker 2: my own, you know, journey with the cash. It was 283 00:13:13,200 --> 00:13:16,800 Speaker 2: everyone else's hand hel me more handing over cash to 284 00:13:17,000 --> 00:13:22,160 Speaker 2: a shop assistant who's already done the buttons on the ATM, 285 00:13:22,280 --> 00:13:24,960 Speaker 2: on the f FOS machine and she's walked away to 286 00:13:25,000 --> 00:13:26,520 Speaker 2: make my coffee or something like that, you know what 287 00:13:26,559 --> 00:13:28,240 Speaker 2: I mean, Like she's walked away to make the coffee. 288 00:13:28,240 --> 00:13:29,839 Speaker 2: I've got to stand there and go, sorry, I'm actually 289 00:13:29,960 --> 00:13:33,360 Speaker 2: using cash today. And I will admit at first, back 290 00:13:33,400 --> 00:13:36,160 Speaker 2: in you know, January February, when this first started happening, 291 00:13:36,600 --> 00:13:38,400 Speaker 2: I would stand there and give them a whole spiel 292 00:13:38,440 --> 00:13:42,400 Speaker 2: and lie basically and go, oh, sorry, you know, Grandma 293 00:13:42,480 --> 00:13:44,559 Speaker 2: gave me some money and I just wanted to use 294 00:13:44,600 --> 00:13:46,240 Speaker 2: it up today. I just got to get rid of it. 295 00:13:46,320 --> 00:13:48,120 Speaker 2: You know, no one uses cash anymore. Just go get 296 00:13:48,160 --> 00:13:51,280 Speaker 2: rid of the cash. And now, like six months later, 297 00:13:51,320 --> 00:13:53,200 Speaker 2: I actually find myself standing there and if they do 298 00:13:53,280 --> 00:13:56,120 Speaker 2: give me a funny look or they act surprised that 299 00:13:56,240 --> 00:14:00,319 Speaker 2: I am a millennial using cash, I actually go, well, well, 300 00:14:00,400 --> 00:14:02,440 Speaker 2: you know what, I've actually saved so much money because 301 00:14:02,440 --> 00:14:04,320 Speaker 2: of it, And I actually give them a different speel 302 00:14:04,360 --> 00:14:06,240 Speaker 2: this time and say, like, you know how much it 303 00:14:06,280 --> 00:14:09,200 Speaker 2: has changed my life, And I guess my financial literacy 304 00:14:09,240 --> 00:14:12,040 Speaker 2: as well, Like I just so, I feel like I 305 00:14:12,080 --> 00:14:14,880 Speaker 2: have such a deeper understanding for my finances and my 306 00:14:14,960 --> 00:14:17,320 Speaker 2: budget and what I'm spending my money on. Whereas that 307 00:14:17,440 --> 00:14:19,360 Speaker 2: was for I want to say, the last ten years 308 00:14:19,360 --> 00:14:20,960 Speaker 2: almost was so mindless. 309 00:14:21,040 --> 00:14:22,600 Speaker 1: You know, O is buring your head in the set. 310 00:14:22,840 --> 00:14:25,840 Speaker 2: Yeah, so it was definitely clunky for me to begin with. 311 00:14:25,960 --> 00:14:28,960 Speaker 2: You know, there are days where I forgot to take 312 00:14:29,000 --> 00:14:32,120 Speaker 2: my cash. And the thing about me is my dad's 313 00:14:32,120 --> 00:14:34,480 Speaker 2: a school principal, so discipline is something that has been 314 00:14:34,640 --> 00:14:38,360 Speaker 2: ingrained in my life, my entire life. So thankfully, I think, look, 315 00:14:38,400 --> 00:14:40,880 Speaker 2: this isn't some like magic life hack that's going to 316 00:14:41,200 --> 00:14:43,840 Speaker 2: be easy for everyone. But I think that if I 317 00:14:43,880 --> 00:14:46,480 Speaker 2: forgot my cash, yes, I know it's so easy to 318 00:14:46,520 --> 00:14:49,200 Speaker 2: just pull out my card anyway, but because I set 319 00:14:49,200 --> 00:14:52,080 Speaker 2: myself the challenge and because I'm disciplined, like, there was 320 00:14:52,120 --> 00:14:55,960 Speaker 2: no way I was tapping my card for a leisurely purchase, 321 00:14:56,160 --> 00:14:58,560 Speaker 2: I was just missing out. But that's just me and 322 00:14:58,600 --> 00:15:01,200 Speaker 2: how I kind of like work. I'm just like, if 323 00:15:01,240 --> 00:15:04,280 Speaker 2: I've set myself that challenge of you're only allowed to 324 00:15:04,360 --> 00:15:06,760 Speaker 2: use cash, then that's what's going to happen, you know 325 00:15:06,840 --> 00:15:08,240 Speaker 2: what I mean? Because I know that it would have 326 00:15:08,240 --> 00:15:10,320 Speaker 2: been so easy some of those days in the start 327 00:15:10,320 --> 00:15:11,760 Speaker 2: where I forgot my cash. I know it would have 328 00:15:11,760 --> 00:15:13,800 Speaker 2: been easy for me to just go, oh well, I'll 329 00:15:13,840 --> 00:15:16,480 Speaker 2: just tap my card and figure it out later. But 330 00:15:16,560 --> 00:15:19,040 Speaker 2: I really stuck to it, and it only really took 331 00:15:19,080 --> 00:15:22,320 Speaker 2: about four weeks. I'd say to first of all, not 332 00:15:22,440 --> 00:15:27,840 Speaker 2: only I guess see the change in my attitude towards 333 00:15:27,840 --> 00:15:31,240 Speaker 2: my money, but also in starting to see some savings 334 00:15:31,320 --> 00:15:32,200 Speaker 2: as well. Well. 335 00:15:32,200 --> 00:15:35,800 Speaker 1: This is where the nosey Parker and me is coming up. 336 00:15:36,240 --> 00:15:37,720 Speaker 1: I'm not going to ask you how much, you say, 337 00:15:37,760 --> 00:15:39,640 Speaker 1: because that's no one's business and it's not about how 338 00:15:39,720 --> 00:15:42,480 Speaker 1: much you've saved. I'd love to ask you, though there's 339 00:15:42,520 --> 00:15:45,880 Speaker 1: a percentage wise, how much more have you been able 340 00:15:45,960 --> 00:15:50,200 Speaker 1: to save without disclosing anything about your private finance? Is 341 00:15:50,400 --> 00:15:51,920 Speaker 1: how much more savings do you think you have from 342 00:15:51,920 --> 00:15:53,800 Speaker 1: a percentage point of view? From doing this? 343 00:15:54,160 --> 00:15:57,200 Speaker 2: Oh, I'm not good at maths, but so I wouldn't 344 00:15:57,200 --> 00:15:59,640 Speaker 2: know a percentage. But what I will say is I'm 345 00:15:59,680 --> 00:16:06,080 Speaker 2: fine on average from my leisure money. Because of everything 346 00:16:06,080 --> 00:16:08,280 Speaker 2: we've just spoken about about the waiting till the end 347 00:16:08,320 --> 00:16:10,120 Speaker 2: of the week to spend and then you know, or 348 00:16:10,600 --> 00:16:14,320 Speaker 2: tossing up things, I'm finding that I have most weeks, 349 00:16:14,360 --> 00:16:17,120 Speaker 2: I will definitely have something left over from that budget. 350 00:16:17,160 --> 00:16:20,080 Speaker 2: It can usually be between twenty to forty dollars a week. 351 00:16:20,160 --> 00:16:22,760 Speaker 2: So let's say I give myself one hundred, which is 352 00:16:22,800 --> 00:16:24,360 Speaker 2: what I've tried to do. At this start of the year, 353 00:16:24,360 --> 00:16:27,040 Speaker 2: I was giving myself more. But now that that money, 354 00:16:27,120 --> 00:16:30,080 Speaker 2: like that discipline has come in. You know, I was 355 00:16:30,120 --> 00:16:32,080 Speaker 2: giving myself two fifty at the start of the year 356 00:16:32,200 --> 00:16:34,360 Speaker 2: for whatever I want. Now I give myself one hundred, 357 00:16:34,400 --> 00:16:36,360 Speaker 2: and I'm finding twenty to forty dollars left over. So 358 00:16:36,360 --> 00:16:39,200 Speaker 2: I'm only spending sixty dollars a week on like leisurely 359 00:16:39,280 --> 00:16:44,480 Speaker 2: things and dinners and blah blah blah. So each week, 360 00:16:44,800 --> 00:16:46,800 Speaker 2: I obviously in my budget as well, I should say, 361 00:16:47,080 --> 00:16:49,480 Speaker 2: have a set amount that I put in my savings 362 00:16:49,520 --> 00:16:50,240 Speaker 2: each week as well. 363 00:16:50,240 --> 00:16:51,400 Speaker 1: We have like proper formal sinking. 364 00:16:51,480 --> 00:16:53,480 Speaker 2: Yeah yeah, yeah, So this is on top. So when 365 00:16:53,480 --> 00:16:56,040 Speaker 2: that twenty to forty dollars is left over, what I've 366 00:16:56,080 --> 00:16:58,560 Speaker 2: found is the easiest thing to do for me is 367 00:16:58,720 --> 00:17:01,400 Speaker 2: instead of getting another hun dollars out the next Monday, 368 00:17:01,520 --> 00:17:05,000 Speaker 2: I'll just make up the difference and then whatever I 369 00:17:05,080 --> 00:17:07,479 Speaker 2: don't have to take out. Sorry, does this make it? No? 370 00:17:07,520 --> 00:17:08,760 Speaker 1: That makes me forect sense. So you don't having to 371 00:17:08,760 --> 00:17:10,159 Speaker 1: go back to the ATM and get money are you 372 00:17:10,240 --> 00:17:11,760 Speaker 1: just able to use what's leftover? 373 00:17:12,080 --> 00:17:14,840 Speaker 2: No. So what I do is, so say I get 374 00:17:14,880 --> 00:17:17,280 Speaker 2: one hundred dollars out on Monday, and then on Sunday. 375 00:17:17,280 --> 00:17:18,600 Speaker 2: The next you know, at the end of the week, 376 00:17:18,600 --> 00:17:22,399 Speaker 2: on Sunday, I have forty dollars left over. The Monday after, 377 00:17:22,800 --> 00:17:24,840 Speaker 2: like the next Monday, when I get my money out again, 378 00:17:24,840 --> 00:17:26,440 Speaker 2: I'm due to get one hundred dollars out. I won't 379 00:17:26,440 --> 00:17:29,120 Speaker 2: get one hundred dollars out. I'll get sixty dollars out, okay, 380 00:17:29,240 --> 00:17:33,400 Speaker 2: but I will transfer electronically forty dollars into my savings. 381 00:17:33,440 --> 00:17:33,840 Speaker 1: Brilliant. 382 00:17:33,960 --> 00:17:36,879 Speaker 2: So instead of you know, depositing the forty dollars from 383 00:17:36,880 --> 00:17:38,680 Speaker 2: the week before and then transferring that and getting a 384 00:17:38,720 --> 00:17:40,600 Speaker 2: hundred dollars out, I just kind of like cut that 385 00:17:40,680 --> 00:17:43,240 Speaker 2: in half and go I'll just top up the hundred 386 00:17:43,280 --> 00:17:45,720 Speaker 2: and whatever was left over instead of because I didn't 387 00:17:45,760 --> 00:17:47,720 Speaker 2: take it out, that goes into my savings. 388 00:17:47,800 --> 00:17:50,399 Speaker 1: So this is the big thing is you're proactively transferring 389 00:17:50,440 --> 00:17:55,080 Speaker 1: those savings away from temptation so that they don't evaporate, 390 00:17:55,720 --> 00:17:58,119 Speaker 1: they actually really count and can be seen in a 391 00:17:58,160 --> 00:18:01,000 Speaker 1: tangible way and add up and you can actually get 392 00:18:01,000 --> 00:18:04,800 Speaker 1: that dopamine hit from seeing your savings account grow and 393 00:18:04,880 --> 00:18:06,440 Speaker 1: you can just have that then gives you the faith 394 00:18:06,440 --> 00:18:07,840 Speaker 1: and confidence to keep going with this. 395 00:18:08,160 --> 00:18:08,800 Speaker 2: Yes, STRATG. 396 00:18:09,760 --> 00:18:12,160 Speaker 1: I love that you're so switched on with your budget. 397 00:18:12,200 --> 00:18:12,520 Speaker 1: Are you see? 398 00:18:12,520 --> 00:18:13,040 Speaker 2: You stick to it? 399 00:18:13,080 --> 00:18:15,240 Speaker 1: But I'm sure you're a lot better than what you say. 400 00:18:16,160 --> 00:18:19,920 Speaker 1: All right, So how you touched on something really interesting there? 401 00:18:20,080 --> 00:18:22,320 Speaker 1: You said originally you had two hundred and fifty dollars 402 00:18:22,359 --> 00:18:24,720 Speaker 1: a week spack like play money, and now it's down 403 00:18:24,760 --> 00:18:29,760 Speaker 1: to one hundred in I guess downsizing your budget, are 404 00:18:29,800 --> 00:18:32,680 Speaker 1: you any less happy? No? 405 00:18:33,440 --> 00:18:36,240 Speaker 2: I don't think so. Okay, I think I haven't actually 406 00:18:36,320 --> 00:18:38,800 Speaker 2: thought about that, to be honest, But no, I would 407 00:18:38,800 --> 00:18:41,360 Speaker 2: say no because the only reason I've downsized the budget 408 00:18:41,440 --> 00:18:45,080 Speaker 2: is not because I, you know, can't afford or don't 409 00:18:45,359 --> 00:18:47,600 Speaker 2: want to spend more, or that money needs to allocate 410 00:18:47,640 --> 00:18:50,200 Speaker 2: somewhere else. The reason I've downsided is because I'm not 411 00:18:50,200 --> 00:18:53,119 Speaker 2: spending as much. So, you know, I was finding that 412 00:18:53,160 --> 00:18:56,240 Speaker 2: there was one hundred dollars left over or so, and 413 00:18:56,400 --> 00:18:57,920 Speaker 2: I was like, well, obviously I don't need to give 414 00:18:57,960 --> 00:18:59,720 Speaker 2: myself two hundred and fifty dollars a week. Then we 415 00:18:59,760 --> 00:19:02,679 Speaker 2: can put that down and allocate that to other things 416 00:19:04,040 --> 00:19:07,040 Speaker 2: in life. And you know, we had things like a 417 00:19:07,040 --> 00:19:09,400 Speaker 2: rent increase as well, so I had to tweak things, 418 00:19:09,400 --> 00:19:13,359 Speaker 2: tweak at the budget anyway. But yeah, like, no, definitely, 419 00:19:13,359 --> 00:19:15,720 Speaker 2: don't think I'm any less happy. In fact, I'm doing. 420 00:19:15,760 --> 00:19:16,920 Speaker 2: I feel like I'm doing more. 421 00:19:16,720 --> 00:19:20,000 Speaker 1: Than a Yeah, this is the answer. I'm so bad, 422 00:19:20,040 --> 00:19:23,159 Speaker 1: you said, because obviously right now we're all on a 423 00:19:23,200 --> 00:19:26,240 Speaker 1: tight budget. You know, things are just ridiculously expensive, and 424 00:19:26,560 --> 00:19:28,600 Speaker 1: we can get caught up in the doom and gloom. 425 00:19:28,640 --> 00:19:31,960 Speaker 1: And this may sound very privileged and very naive, but 426 00:19:32,080 --> 00:19:35,600 Speaker 1: I really do believe in blessings in disguise. And you know, 427 00:19:36,000 --> 00:19:38,199 Speaker 1: I have a mortgage, I have kids, I have daycare, 428 00:19:38,280 --> 00:19:41,040 Speaker 1: I have a you know, I'm in same situation as 429 00:19:41,080 --> 00:19:43,960 Speaker 1: a lot of young families, and we can sort of 430 00:19:44,000 --> 00:19:46,160 Speaker 1: get down on the dumps about the cost of living crisis. 431 00:19:46,160 --> 00:19:49,200 Speaker 1: But I always think there's something behind this for everyone, 432 00:19:49,359 --> 00:19:51,879 Speaker 1: you know, including myself. And what I have found is 433 00:19:52,040 --> 00:19:55,720 Speaker 1: I've cut the stuff that doesn't genuinely give me joy, 434 00:19:56,400 --> 00:19:59,119 Speaker 1: and I wouldn't even though I'm on a much tighter budget, 435 00:19:59,119 --> 00:20:01,119 Speaker 1: and I've had to cut my I you know, like 436 00:20:01,160 --> 00:20:05,520 Speaker 1: play money down as well significantly. I don't actually feel 437 00:20:06,080 --> 00:20:10,359 Speaker 1: like I'm missing out or you know, a loss of anything, 438 00:20:10,359 --> 00:20:13,440 Speaker 1: because I'm actually what what has chosen to stay gives 439 00:20:13,480 --> 00:20:18,600 Speaker 1: me so much satisfaction and genuinely like fills my cup properly. 440 00:20:19,520 --> 00:20:21,679 Speaker 1: I can't even tell I look back and go how 441 00:20:21,680 --> 00:20:23,399 Speaker 1: did I have that extra play money? And where did 442 00:20:23,440 --> 00:20:26,560 Speaker 1: that money really go? Because I feel like I'm more 443 00:20:26,640 --> 00:20:29,679 Speaker 1: grateful for what I've got that's staying right now. And 444 00:20:30,359 --> 00:20:33,560 Speaker 1: it sounds a little bit obnoxious, and but in a 445 00:20:33,720 --> 00:20:36,640 Speaker 1: financial crisis that we're all looking at, you know, down 446 00:20:36,680 --> 00:20:38,800 Speaker 1: the barrel of right now, but there's just something a 447 00:20:38,800 --> 00:20:42,840 Speaker 1: bit of personal growth and authenticity that has and gratitude 448 00:20:42,840 --> 00:20:44,919 Speaker 1: that has come up within me from really having to 449 00:20:44,960 --> 00:20:45,880 Speaker 1: tighten my budget. 450 00:20:46,040 --> 00:20:48,639 Speaker 2: Yeah for sure. And I also feel like at this 451 00:20:48,720 --> 00:20:52,359 Speaker 2: point everyone's in the same boat. So you know, a 452 00:20:52,440 --> 00:20:55,159 Speaker 2: year ago, the thing in my friend group was we 453 00:20:55,320 --> 00:20:57,359 Speaker 2: go out for dinner, and that's what we do. We 454 00:20:57,520 --> 00:21:00,000 Speaker 2: go to a restaurant and just have a fabulous dinner, 455 00:21:00,160 --> 00:21:02,040 Speaker 2: not really worry about how much it was going to cost, 456 00:21:02,119 --> 00:21:04,359 Speaker 2: just have a good time together. Whereas now I feel 457 00:21:04,400 --> 00:21:07,000 Speaker 2: like there's been a shift and I don't feel like 458 00:21:07,000 --> 00:21:08,920 Speaker 2: I'm missing out on things because yes, I'm not spending 459 00:21:08,960 --> 00:21:11,560 Speaker 2: the money at a restaurant, but my friends are now 460 00:21:11,600 --> 00:21:13,840 Speaker 2: just coming over to my house and instead I'm going 461 00:21:13,880 --> 00:21:17,760 Speaker 2: to Cohl's and getting a couple of groceries to make 462 00:21:17,800 --> 00:21:20,280 Speaker 2: a little charcuterie board or whatever it may be, spending 463 00:21:20,359 --> 00:21:22,720 Speaker 2: way less money on something like that. Everyone brings a 464 00:21:22,800 --> 00:21:25,320 Speaker 2: plate like that's the vibe. Like everyone's in the same 465 00:21:25,359 --> 00:21:27,879 Speaker 2: boat at the moment, so you can still be fulfilled 466 00:21:28,440 --> 00:21:31,240 Speaker 2: and still be happy and not have to spend money 467 00:21:31,280 --> 00:21:31,760 Speaker 2: to get there. 468 00:21:31,920 --> 00:21:35,400 Speaker 1: And it's so much more intimate and personal when you're 469 00:21:35,440 --> 00:21:37,960 Speaker 1: in your home than in a bar or a loud 470 00:21:37,960 --> 00:21:39,639 Speaker 1: restaurant or you can't hear the person that you know 471 00:21:40,160 --> 00:21:43,080 Speaker 1: and you're trying to order, and you know, just from dynamics, 472 00:21:43,200 --> 00:21:46,000 Speaker 1: it's having someone in your home is so much It 473 00:21:46,119 --> 00:21:48,960 Speaker 1: was a lot more prisoned. It's such a deeper, more 474 00:21:49,480 --> 00:21:54,399 Speaker 1: welcoming connection and obviously financially friendly as well. How did 475 00:21:54,520 --> 00:21:57,840 Speaker 1: you go with friends when it came to paying for 476 00:21:57,880 --> 00:22:00,320 Speaker 1: things in cash, Like when the bill came and you 477 00:22:00,359 --> 00:22:03,600 Speaker 1: know the way it comes with the portable payment thing, 478 00:22:03,680 --> 00:22:06,399 Speaker 1: and like do would friends say, look, I'll take your 479 00:22:06,400 --> 00:22:08,840 Speaker 1: cash and I'll pay for you, or like I mean, 480 00:22:08,920 --> 00:22:09,919 Speaker 1: just just see the difference. 481 00:22:10,640 --> 00:22:13,840 Speaker 2: It's definitely been an adjustment for some of my friends. 482 00:22:15,800 --> 00:22:17,640 Speaker 2: But I mean, at the end of the day, they're 483 00:22:17,640 --> 00:22:19,480 Speaker 2: still getting their money, you know what I mean. I 484 00:22:21,040 --> 00:22:23,520 Speaker 2: at first, everyone was like, what the heck is going on, 485 00:22:23,640 --> 00:22:27,240 Speaker 2: especially me, someone who I haven't used cash, and not 486 00:22:27,280 --> 00:22:30,159 Speaker 2: that I've been against cash, but I just haven't carried 487 00:22:30,160 --> 00:22:32,560 Speaker 2: cash in as I said, ten years or something, So 488 00:22:34,040 --> 00:22:36,320 Speaker 2: it definitely was an adjustment for my friends at first. 489 00:22:36,520 --> 00:22:39,680 Speaker 2: Some of my friends love using cash as well, so 490 00:22:40,080 --> 00:22:42,359 Speaker 2: that has been great, and it's often now as a 491 00:22:42,359 --> 00:22:44,160 Speaker 2: friend group, if we go out to dinner, the person 492 00:22:44,160 --> 00:22:46,720 Speaker 2: who loves having a bit of cash and carrying cash 493 00:22:46,960 --> 00:22:48,560 Speaker 2: will be the one to put it on their card 494 00:22:48,600 --> 00:22:50,239 Speaker 2: and then I'll give them cash and everyone else can 495 00:22:50,320 --> 00:22:55,240 Speaker 2: electronically transfer. So it hasn't been too much of an issue. 496 00:22:55,280 --> 00:22:58,480 Speaker 2: It's just it does get hard though, because a lot 497 00:22:58,480 --> 00:23:00,280 Speaker 2: of the only thing that I've really struggled with is 498 00:23:00,320 --> 00:23:06,080 Speaker 2: online purchases or purchases for you know, places that you 499 00:23:06,119 --> 00:23:10,400 Speaker 2: can only use card. Now, if a cafe, for example, 500 00:23:10,520 --> 00:23:13,640 Speaker 2: only takes card, that is fine. That is their business. 501 00:23:13,680 --> 00:23:15,959 Speaker 2: They are allowed to do that. I don't mind, but 502 00:23:16,000 --> 00:23:18,479 Speaker 2: that business does not fit my current needs, so I 503 00:23:18,520 --> 00:23:20,840 Speaker 2: will not be purchasing a coffee from there, not. 504 00:23:20,920 --> 00:23:21,760 Speaker 1: Be a regular patron. 505 00:23:21,880 --> 00:23:24,560 Speaker 2: No, I'll just go to the cafe one blockdown, who 506 00:23:24,560 --> 00:23:26,040 Speaker 2: probably will take my cash, you know. 507 00:23:26,240 --> 00:23:28,360 Speaker 1: And I have to say, you can tell when it's 508 00:23:28,400 --> 00:23:31,000 Speaker 1: someone who works for the store versus the owner of 509 00:23:31,040 --> 00:23:33,560 Speaker 1: the store when they see cash, because their face lights 510 00:23:33,640 --> 00:23:35,680 Speaker 1: up when they see cash. Hopefully nor from the atos 511 00:23:35,680 --> 00:23:38,200 Speaker 1: as an inglish, but you know you can see people go, oh, yeah, 512 00:23:38,240 --> 00:23:39,840 Speaker 1: no problem cash. Cash is great. 513 00:23:40,000 --> 00:23:44,320 Speaker 2: Yeah. Yeah, So it's been an adjustment in that respect 514 00:23:44,440 --> 00:23:47,480 Speaker 2: because you know, if I want a concert ticket, for example, 515 00:23:48,040 --> 00:23:50,280 Speaker 2: like I will get my friend who I'm going to 516 00:23:50,320 --> 00:23:52,639 Speaker 2: this concert with to buy the tickets, but then I 517 00:23:52,640 --> 00:23:54,479 Speaker 2: can't just transfer the money straight away. I gotta give 518 00:23:54,480 --> 00:23:57,119 Speaker 2: them the cash next time they see them. So I 519 00:23:57,160 --> 00:23:59,520 Speaker 2: guess like that's probably the only thing extra. 520 00:23:59,400 --> 00:23:59,919 Speaker 1: Life ad been. 521 00:24:00,080 --> 00:24:02,640 Speaker 2: Yeah, thankfully, my my friends are great and my friends 522 00:24:03,720 --> 00:24:06,080 Speaker 2: don't get upset about these sorts of things. But I 523 00:24:06,119 --> 00:24:08,880 Speaker 2: guess that's been the only struggle is there's been sometimes 524 00:24:08,920 --> 00:24:10,760 Speaker 2: where I do want and look there is a work 525 00:24:10,800 --> 00:24:13,080 Speaker 2: around as well, as I said, full of discipline. So 526 00:24:13,160 --> 00:24:16,640 Speaker 2: basically what happens is say I do want something online 527 00:24:16,680 --> 00:24:19,800 Speaker 2: that's forty dollars and there's no other way to get 528 00:24:19,800 --> 00:24:22,520 Speaker 2: it but to purchase it with my card. I will, 529 00:24:22,640 --> 00:24:25,399 Speaker 2: But then that forty dollars I can't just keep that 530 00:24:25,480 --> 00:24:27,440 Speaker 2: in my cash for the week. I now I'm forty 531 00:24:27,440 --> 00:24:29,360 Speaker 2: dollars less for the week, and that has to go. 532 00:24:30,280 --> 00:24:33,879 Speaker 2: That actually does have to be deposited and transferred to savings. 533 00:24:33,880 --> 00:24:37,000 Speaker 2: Do you know what I mean? So, yeah, it's look, 534 00:24:37,280 --> 00:24:39,320 Speaker 2: as I said, this isn't some magic life hack that's 535 00:24:39,359 --> 00:24:40,960 Speaker 2: going to make you a million dollars. You've got to 536 00:24:40,960 --> 00:24:42,400 Speaker 2: have discipline when it comes to this. 537 00:24:42,720 --> 00:24:45,560 Speaker 1: I disagree with you, really, yes, So I think what 538 00:24:45,680 --> 00:24:49,640 Speaker 1: this is like, it's rewiring your brain around money. Where 539 00:24:49,680 --> 00:24:52,720 Speaker 1: you are going, where you are respecting the flow of money. 540 00:24:53,160 --> 00:24:56,840 Speaker 1: You are in deep connection with a sense of gratitude 541 00:24:56,880 --> 00:24:59,000 Speaker 1: and mindfulness has come with money, and that is the 542 00:24:59,600 --> 00:25:03,439 Speaker 1: mindset set and the foundation to then go on and 543 00:25:03,600 --> 00:25:07,920 Speaker 1: build I think you know, a multimillion dollar investment portfolio. Sorry, 544 00:25:08,359 --> 00:25:09,720 Speaker 1: but I'm going to come. I'm going to talk to 545 00:25:09,760 --> 00:25:11,160 Speaker 1: you about coming off like not being able to sit 546 00:25:11,200 --> 00:25:13,720 Speaker 1: to your budget. In a second, I had a funny 547 00:25:13,760 --> 00:25:16,439 Speaker 1: incident where I sold a dining table on gum Tree 548 00:25:16,840 --> 00:25:19,199 Speaker 1: and the next day they sold it on a Sunday 549 00:25:19,200 --> 00:25:20,800 Speaker 1: And the next day I had found a bill that 550 00:25:20,840 --> 00:25:23,480 Speaker 1: I had to pay for my local council. I thought, 551 00:25:23,480 --> 00:25:25,119 Speaker 1: you know what, I'm going to go pay for this 552 00:25:25,160 --> 00:25:29,080 Speaker 1: in cash and I went up to my local council 553 00:25:29,800 --> 00:25:32,000 Speaker 1: because recruit of my life. The computer said no. So 554 00:25:32,040 --> 00:25:34,520 Speaker 1: basically this bill was like, you know, eight hundred and 555 00:25:34,520 --> 00:25:37,639 Speaker 1: fifty dollars and seventy three cents and it said we 556 00:25:37,800 --> 00:25:39,680 Speaker 1: you know, you can pay cash if you want at 557 00:25:39,840 --> 00:25:43,040 Speaker 1: your local Waverley council. So in I walk with the cash. 558 00:25:43,160 --> 00:25:46,159 Speaker 1: The nightmare it cause because it was seventy three cents, 559 00:25:46,160 --> 00:25:50,720 Speaker 1: so the computer, everyone's mass, including my own, went out 560 00:25:50,760 --> 00:25:53,000 Speaker 1: the window. No one could understand how much changed to 561 00:25:53,000 --> 00:25:56,959 Speaker 1: give me back. And I stood there for like twenty 562 00:25:57,000 --> 00:25:59,719 Speaker 1: five minutes, like in this place because no. And then 563 00:25:59,720 --> 00:26:02,399 Speaker 1: the wouldn't accept the money because it couldn't give me 564 00:26:02,440 --> 00:26:05,639 Speaker 1: two cents change, and so they had to call someone 565 00:26:05,880 --> 00:26:08,119 Speaker 1: in and come down and look at the computer and 566 00:26:08,119 --> 00:26:10,439 Speaker 1: try and override it. And I was like, oh my god, 567 00:26:10,520 --> 00:26:12,760 Speaker 1: what why I do this? So I think this is 568 00:26:12,800 --> 00:26:15,160 Speaker 1: a brilliant idea for things like as you said, you'll 569 00:26:15,160 --> 00:26:18,359 Speaker 1: play money, the coffees, the lunches, the drinks, you know, 570 00:26:18,400 --> 00:26:23,040 Speaker 1: being out and about the entertainment allowance. Obviously, don't try 571 00:26:23,080 --> 00:26:25,920 Speaker 1: and do it I because I just created a nightmare 572 00:26:25,920 --> 00:26:28,919 Speaker 1: for myself and Wabiley Council. Eventually we got there in 573 00:26:28,920 --> 00:26:30,800 Speaker 1: the end, but it was it was so complic It 574 00:26:30,840 --> 00:26:34,639 Speaker 1: was so complicated. I was like, was I thinking? I 575 00:26:34,720 --> 00:26:37,560 Speaker 1: want to ask you, like we get to all as 576 00:26:37,600 --> 00:26:39,359 Speaker 1: this and we will work on your budget in a second. 577 00:26:39,760 --> 00:26:41,639 Speaker 1: Do you have any goals? Like I know you've got 578 00:26:41,640 --> 00:26:45,000 Speaker 1: goals to go traveling, Like what are your goals? And 579 00:26:45,040 --> 00:26:46,879 Speaker 1: where do you see this going? Are you going to 580 00:26:46,880 --> 00:26:49,280 Speaker 1: stick to this now indefinitely because of what it's done 581 00:26:49,359 --> 00:26:50,639 Speaker 1: to you? We're done for you? 582 00:26:50,680 --> 00:26:52,679 Speaker 2: Sorry, No, if I can say I will stick to 583 00:26:52,720 --> 00:26:56,800 Speaker 2: it indefinitely, but for this period then era of my 584 00:26:56,920 --> 00:27:00,239 Speaker 2: life for sure, like right now one hundred percent, Like 585 00:27:00,440 --> 00:27:03,399 Speaker 2: this is the best thing for me. But I also 586 00:27:03,600 --> 00:27:07,280 Speaker 2: am someone who thinks life is always evolving. In a 587 00:27:07,400 --> 00:27:12,280 Speaker 2: year's time, will I still have this attitude? Maybe maybe not. 588 00:27:12,520 --> 00:27:15,560 Speaker 2: It's working for me right now and that's all that matters. 589 00:27:15,600 --> 00:27:17,439 Speaker 2: And I'm glad it's working for me right now. But 590 00:27:18,000 --> 00:27:19,800 Speaker 2: you know, we might have to pivot in a year. 591 00:27:19,840 --> 00:27:22,040 Speaker 2: I mean, what if we end up being in a 592 00:27:22,080 --> 00:27:25,480 Speaker 2: society where there's you know, no one is accepting cash. 593 00:27:25,520 --> 00:27:27,560 Speaker 2: If that's the way people think it's going to go. 594 00:27:28,520 --> 00:27:29,919 Speaker 2: Obviously I'm not going to be able to use my 595 00:27:29,960 --> 00:27:32,720 Speaker 2: cash in a cashless society, you know. But for the 596 00:27:32,760 --> 00:27:37,240 Speaker 2: time being, it's working. And my only really mate. I mean, 597 00:27:37,280 --> 00:27:39,520 Speaker 2: I've got goals, but not serious goals. You know, I'd 598 00:27:39,520 --> 00:27:41,880 Speaker 2: love to own a house, but hello, it's not very 599 00:27:42,160 --> 00:27:45,479 Speaker 2: applicable for me and my generation right now with everything 600 00:27:45,520 --> 00:27:49,199 Speaker 2: going on. So it's also hard to set goals in 601 00:27:49,320 --> 00:27:52,720 Speaker 2: this economy. I feel for me personally because yes, I 602 00:27:52,760 --> 00:27:55,639 Speaker 2: want to go traveling, Yes we have an idea of 603 00:27:55,640 --> 00:27:58,040 Speaker 2: the budget we need for that. Yes, later down the track, 604 00:27:58,080 --> 00:28:01,760 Speaker 2: I want to get married and things like that. But yeah, 605 00:28:01,760 --> 00:28:05,439 Speaker 2: for the most part, like I also for me, just 606 00:28:05,760 --> 00:28:09,280 Speaker 2: on a personal level, I've always been a more of 607 00:28:09,280 --> 00:28:13,760 Speaker 2: a ugh I'm forgetting the words, but it's not so 608 00:28:13,880 --> 00:28:17,840 Speaker 2: much the goal that I set, it's the behaviors I 609 00:28:17,920 --> 00:28:21,520 Speaker 2: set to reach the goal. So for example, this has 610 00:28:21,880 --> 00:28:24,280 Speaker 2: nothing to do with money, but I had this. I 611 00:28:24,320 --> 00:28:27,080 Speaker 2: had a year of health last year where I felt 612 00:28:27,080 --> 00:28:30,760 Speaker 2: really unhealthy in myself. I wasn't living a very good lifestyle. 613 00:28:31,760 --> 00:28:35,560 Speaker 2: And basically, instead of being like, I want to lose 614 00:28:35,840 --> 00:28:39,360 Speaker 2: x amount of weight, which is like the outcome, I 615 00:28:39,520 --> 00:28:43,160 Speaker 2: just implemented all of these things to make me feel healthier. 616 00:28:43,560 --> 00:28:49,160 Speaker 2: So walking every day, ordering less takeaway food, drinking more 617 00:28:49,200 --> 00:28:51,440 Speaker 2: water instead of soft drinks, and things like that. So 618 00:28:51,800 --> 00:28:54,760 Speaker 2: all those little goals build up to the overall goal 619 00:28:54,840 --> 00:28:56,760 Speaker 2: of me feeling healthier, you know what I mean. So 620 00:28:56,800 --> 00:28:58,320 Speaker 2: I think it's the same with my money. 621 00:28:58,480 --> 00:29:00,240 Speaker 1: It's the be and do for the goal. 622 00:29:00,480 --> 00:29:04,280 Speaker 2: Yes, So instead of saying I'd like to save fifty 623 00:29:04,320 --> 00:29:07,960 Speaker 2: thousand dollars or whatever it might be, I'm more focused 624 00:29:07,960 --> 00:29:11,000 Speaker 2: on doing all the little things along the way to 625 00:29:11,080 --> 00:29:13,200 Speaker 2: hopefully get there one day. But I don't focus on that. 626 00:29:13,320 --> 00:29:15,480 Speaker 2: I don't focus on I want X amount of money. 627 00:29:15,840 --> 00:29:18,440 Speaker 2: I just focus on changing all of my habits and 628 00:29:19,240 --> 00:29:20,479 Speaker 2: stepping stones, I guess. 629 00:29:21,240 --> 00:29:23,440 Speaker 1: So this brings me to the comment you made about 630 00:29:23,440 --> 00:29:25,920 Speaker 1: your budget, how you have trouble sticking to it, And 631 00:29:26,800 --> 00:29:29,080 Speaker 1: I think what's missing is and I hope you don't 632 00:29:29,080 --> 00:29:31,720 Speaker 1: mind me sharing this with you at a goal, but 633 00:29:32,920 --> 00:29:36,160 Speaker 1: what I think is you're thinking, oh, you're thinking, oh, 634 00:29:36,200 --> 00:29:39,080 Speaker 1: that goal is boring, is boring and dull because it's 635 00:29:39,080 --> 00:29:43,120 Speaker 1: a surface level goal like fifty thousand dollars savings. However, 636 00:29:43,680 --> 00:29:49,000 Speaker 1: you clearly have to be someone who's like myself, intrinsically, emotionally, 637 00:29:49,040 --> 00:29:52,160 Speaker 1: deeply connect to that goal. So it's actually not about 638 00:29:52,160 --> 00:29:54,880 Speaker 1: the fifty thousand dollars savings goal. It's actually about what 639 00:29:55,160 --> 00:29:59,240 Speaker 1: the value and the benefit and the connection to that 640 00:29:59,280 --> 00:30:02,959 Speaker 1: goal represents. So that fifty thousand dollars represents choice, It 641 00:30:03,000 --> 00:30:07,480 Speaker 1: represents opportunity to just slow down, it represents peace of mind, 642 00:30:07,560 --> 00:30:12,360 Speaker 1: it represents stability and security or like investing time exploring 643 00:30:13,000 --> 00:30:16,120 Speaker 1: not that that goal necessarily but what it actually represents 644 00:30:16,160 --> 00:30:18,360 Speaker 1: to you and how it can add value in your life, 645 00:30:18,920 --> 00:30:21,680 Speaker 1: just like you said with for example, the food choice 646 00:30:21,760 --> 00:30:24,920 Speaker 1: is like choosing and having that habit and that mindset 647 00:30:24,920 --> 00:30:26,960 Speaker 1: where you reach for a glass of water instead of 648 00:30:27,000 --> 00:30:30,920 Speaker 1: a Coca cola. And so it's where I think, you know, 649 00:30:30,960 --> 00:30:33,440 Speaker 1: when I talk to people about goals and I say, well, 650 00:30:33,440 --> 00:30:35,640 Speaker 1: why that goal, and they're like, oh, because I want 651 00:30:35,640 --> 00:30:37,560 Speaker 1: to buy house, because that's what everyone's doing. I'm like, no, 652 00:30:37,640 --> 00:30:39,400 Speaker 1: that's that's a surface level goal. You're going to get 653 00:30:39,400 --> 00:30:40,760 Speaker 1: bored of that, you're not going to really put your 654 00:30:40,800 --> 00:30:42,800 Speaker 1: heart and soul into rechieving that goal. Tell me a 655 00:30:42,840 --> 00:30:45,520 Speaker 1: goal that you really want something, or tell me why 656 00:30:45,560 --> 00:30:47,600 Speaker 1: that goal is so incredibly important to you. And that's 657 00:30:47,600 --> 00:30:50,680 Speaker 1: why I always say to people, invest time exploring your why. 658 00:30:51,280 --> 00:30:53,640 Speaker 1: What does that represent? What's the value behind it? What 659 00:30:54,360 --> 00:30:56,400 Speaker 1: is it that is going to give you that build 660 00:30:56,480 --> 00:30:58,720 Speaker 1: you up inside with the right type of building rocks. 661 00:30:58,760 --> 00:31:03,280 Speaker 1: Not the materialistic surface level, ego driven crap. Let's look 662 00:31:03,320 --> 00:31:05,440 Speaker 1: at what it actually brings to you. I don't know 663 00:31:05,480 --> 00:31:08,080 Speaker 1: for myself when I look at my goals which surface 664 00:31:08,120 --> 00:31:10,120 Speaker 1: level is. Yes, they have figures, you know, dollars and 665 00:31:10,200 --> 00:31:13,520 Speaker 1: numbers and stuff like that, But for me, it represents freedom. 666 00:31:13,800 --> 00:31:17,640 Speaker 1: My value system is freedom. My value system is independence. 667 00:31:17,920 --> 00:31:21,200 Speaker 1: My value system is is choice, you know, choosing to 668 00:31:21,200 --> 00:31:24,120 Speaker 1: retire when I want to retire, knowing that no matter 669 00:31:24,120 --> 00:31:25,960 Speaker 1: what happens, I can still stand on my own teeth 670 00:31:26,000 --> 00:31:28,480 Speaker 1: two feet financially. And that's where that element of independence. 671 00:31:28,800 --> 00:31:31,520 Speaker 1: Freedom to pick and choose where I want to work, 672 00:31:31,640 --> 00:31:34,959 Speaker 1: or this lifestyle that I want to create for myself 673 00:31:35,000 --> 00:31:36,560 Speaker 1: and for my family and for my loved ones. So 674 00:31:37,400 --> 00:31:39,840 Speaker 1: I think for you, if you had some goals, but 675 00:31:40,280 --> 00:31:43,560 Speaker 1: goals where you really invested time exploring what it represents 676 00:31:44,120 --> 00:31:47,080 Speaker 1: would help you in your budget. And then you can 677 00:31:47,120 --> 00:31:50,080 Speaker 1: put into your budget some regular savings, which I think 678 00:31:50,080 --> 00:31:52,320 Speaker 1: you're doing anyway from what you mentioned, that are in 679 00:31:52,480 --> 00:31:56,800 Speaker 1: direct alignment to that value system. But then the other 680 00:31:56,840 --> 00:31:58,560 Speaker 1: thing I want to talk to you about, which you raised, 681 00:31:58,960 --> 00:32:00,880 Speaker 1: and he said, well, you know, buying our house is 682 00:32:01,120 --> 00:32:05,120 Speaker 1: you know, is ridiculous for my generation. And I agree, 683 00:32:05,160 --> 00:32:09,720 Speaker 1: but guess what there actually I believe better goals out 684 00:32:09,720 --> 00:32:10,520 Speaker 1: there than having. 685 00:32:10,320 --> 00:32:15,480 Speaker 2: A home for sure. Yeah, it's definitely not I mean, yeah, I. 686 00:32:15,400 --> 00:32:19,280 Speaker 1: Agree, and I would hate someone to think, well, I'm 687 00:32:19,280 --> 00:32:21,280 Speaker 1: never going to be own a home, so I'm not 688 00:32:21,320 --> 00:32:22,320 Speaker 1: even going to bother try. 689 00:32:22,640 --> 00:32:25,280 Speaker 2: Oh. I'm just more like, if that happens, it happens, 690 00:32:25,320 --> 00:32:27,680 Speaker 2: And it's not something that right now is a goal 691 00:32:28,280 --> 00:32:30,800 Speaker 2: or is a focus at the moment. But it's like, 692 00:32:31,040 --> 00:32:35,000 Speaker 2: if down the track that is something that we decide 693 00:32:35,040 --> 00:32:37,880 Speaker 2: to do, then great we can work towards that. But 694 00:32:38,160 --> 00:32:41,640 Speaker 2: at the moment we're just like, I mean, we had 695 00:32:41,720 --> 00:32:44,480 Speaker 2: we've had conversations about that. We're looking at things, we're 696 00:32:44,520 --> 00:32:46,600 Speaker 2: looking at prices, we're looking at all of that sort 697 00:32:46,640 --> 00:32:49,680 Speaker 2: of stuff, interest rates, blah blah blah whatever, and we 698 00:32:49,760 --> 00:32:51,240 Speaker 2: just go nah. 699 00:32:52,040 --> 00:32:55,120 Speaker 1: So maybe we we need to find we can workshop 700 00:32:55,160 --> 00:32:58,600 Speaker 1: this together, like a goal that really excited you, Like 701 00:32:58,680 --> 00:33:02,680 Speaker 1: imagine an investment portfolio that paid you fifty thousand dollars 702 00:33:02,680 --> 00:33:04,680 Speaker 1: a year that you didn't have to work for. 703 00:33:04,960 --> 00:33:06,920 Speaker 2: Yeah, well, I think of that page I want for you. 704 00:33:07,080 --> 00:33:09,920 Speaker 2: For me, I run my own company and have, as 705 00:33:09,920 --> 00:33:12,120 Speaker 2: I said, so many fingers in so many pies with 706 00:33:12,160 --> 00:33:14,880 Speaker 2: my work that that is kind of what I focus 707 00:33:15,000 --> 00:33:18,280 Speaker 2: on investing back into and building as opposed to like 708 00:33:18,880 --> 00:33:20,080 Speaker 2: personal savings. 709 00:33:20,080 --> 00:33:24,200 Speaker 1: So you're very much business mindset. Well I hate it, 710 00:33:24,240 --> 00:33:24,840 Speaker 1: right So. 711 00:33:24,920 --> 00:33:27,360 Speaker 2: Yeah, for sure, Like right now my whole thing is, 712 00:33:28,200 --> 00:33:31,080 Speaker 2: you know, trying to work on the brand of my 713 00:33:31,400 --> 00:33:32,960 Speaker 2: of what to do it with everything like that. I 714 00:33:33,000 --> 00:33:37,280 Speaker 2: mean my live shows, the podcast brands and things like that, 715 00:33:37,320 --> 00:33:39,800 Speaker 2: product that we're designing, et cetera. Like all of that 716 00:33:39,840 --> 00:33:43,000 Speaker 2: sort of stuff is happening. So it's also like that's 717 00:33:43,040 --> 00:33:45,600 Speaker 2: what I'm passionate about it that they're my goals at 718 00:33:45,600 --> 00:33:48,240 Speaker 2: the moment. So don't really care about the house because 719 00:33:48,240 --> 00:33:50,200 Speaker 2: I'm like I'm building an empire over here, do you 720 00:33:50,240 --> 00:33:52,680 Speaker 2: know what I mean? But that's very different, sorry to 721 00:33:52,760 --> 00:33:54,680 Speaker 2: my very doppent a savings. 722 00:33:54,720 --> 00:33:57,240 Speaker 1: And that's why I see a lot of like entrepreneurs 723 00:33:57,280 --> 00:33:59,959 Speaker 1: and small business owners as well, because they're so like 724 00:34:00,040 --> 00:34:02,880 Speaker 1: and rightly so. They're growing their baby, their business. That's 725 00:34:02,880 --> 00:34:05,560 Speaker 1: where their pattern solos. But it's important ever to forget 726 00:34:05,600 --> 00:34:08,600 Speaker 1: the other side, which is your own personal financial wellbeing 727 00:34:09,120 --> 00:34:13,000 Speaker 1: and including when the time is appropriate and you feel 728 00:34:13,000 --> 00:34:18,640 Speaker 1: ready within your empire, we have something cooking on the side. 729 00:34:18,760 --> 00:34:22,080 Speaker 1: That's you know, a regular investment plan and where you're 730 00:34:22,120 --> 00:34:25,080 Speaker 1: getting your hard owned money that you're building and growing 731 00:34:25,120 --> 00:34:28,040 Speaker 1: from your empire. To have something as a backup for 732 00:34:28,080 --> 00:34:30,279 Speaker 1: you that is where your money is working for you, 733 00:34:30,960 --> 00:34:32,640 Speaker 1: such as an investment portfolio. And it doesn't have to 734 00:34:32,680 --> 00:34:35,479 Speaker 1: be a property, could be something different, but it's something 735 00:34:35,560 --> 00:34:40,560 Speaker 1: where you've got something just cooking in the background as 736 00:34:40,600 --> 00:34:42,959 Speaker 1: something else to add as another finger in a party. 737 00:34:43,640 --> 00:34:46,719 Speaker 1: Does that sound something like here, I am trying to 738 00:34:46,719 --> 00:34:49,319 Speaker 1: convince to you about like I've taking out a financial plan. 739 00:34:49,400 --> 00:34:52,000 Speaker 1: I'm not being selling that finncial plan at all, but 740 00:34:52,440 --> 00:34:54,920 Speaker 1: I'm like when the timing I'm planning seeds is what 741 00:34:54,960 --> 00:34:59,759 Speaker 1: I'm doing. Look, thank you so much for coming in today. 742 00:34:59,800 --> 00:35:02,400 Speaker 1: Really appreciate it. And just as we wrap up, how 743 00:35:02,440 --> 00:35:04,719 Speaker 1: would you for people out there who are on a 744 00:35:04,719 --> 00:35:07,200 Speaker 1: type budget and looking to save money and really like 745 00:35:07,239 --> 00:35:09,440 Speaker 1: this idea, what would your advice be to them if 746 00:35:09,440 --> 00:35:12,480 Speaker 1: they want to start going back to catch shot. 747 00:35:12,960 --> 00:35:15,320 Speaker 2: I would say you have to get over the first 748 00:35:15,360 --> 00:35:18,040 Speaker 2: four to six weeks, really give it a red hot go. 749 00:35:18,280 --> 00:35:21,160 Speaker 2: Don't do it once or twice and think no, this 750 00:35:21,280 --> 00:35:23,759 Speaker 2: isn't for me, because it did take around four to 751 00:35:23,800 --> 00:35:25,719 Speaker 2: six weeks, as I said, for me to one not 752 00:35:25,760 --> 00:35:28,439 Speaker 2: only see results, but two get used to it because 753 00:35:28,480 --> 00:35:30,480 Speaker 2: there are people out there who are going to look 754 00:35:30,480 --> 00:35:33,480 Speaker 2: at you strange because you are using cash in a 755 00:35:33,480 --> 00:35:36,200 Speaker 2: society where a majority of people aren't using cash, so 756 00:35:36,760 --> 00:35:38,560 Speaker 2: you are the odd one out and you have to 757 00:35:38,560 --> 00:35:41,120 Speaker 2: come to terms with that for the most part. But 758 00:35:41,239 --> 00:35:44,040 Speaker 2: it's been well worth it because I think not it's 759 00:35:44,080 --> 00:35:46,400 Speaker 2: not even about the savings and things for me. Obviously, 760 00:35:46,520 --> 00:35:49,440 Speaker 2: the extra savings that I'm making each week is fantastic, 761 00:35:49,480 --> 00:35:53,200 Speaker 2: but the real benefit to me has been understanding my 762 00:35:53,360 --> 00:35:57,560 Speaker 2: money more and the financial literacy and understanding of where 763 00:35:57,600 --> 00:36:00,319 Speaker 2: my money's actually going. And as you say, had that 764 00:36:00,360 --> 00:36:04,200 Speaker 2: physical reaction of handing the cash over there's Ah, there's 765 00:36:04,239 --> 00:36:07,000 Speaker 2: nothing like experiencing that, like the heart's raising, the blood 766 00:36:07,040 --> 00:36:11,040 Speaker 2: pressures through the roof, like it's exciting, you know. So yeah, 767 00:36:11,120 --> 00:36:13,160 Speaker 2: I would just say give it a go. But as 768 00:36:13,160 --> 00:36:16,320 Speaker 2: I've said many times throughout this episode, it's not a magic, 769 00:36:16,360 --> 00:36:18,160 Speaker 2: it's not a band aid. You do have to have 770 00:36:18,200 --> 00:36:20,040 Speaker 2: some discipline behind the whole thing as well. 771 00:36:20,320 --> 00:36:23,480 Speaker 1: Absolutely, that's like with everything else. Yeah, yeah, thank you 772 00:36:23,520 --> 00:36:25,680 Speaker 1: so much for coming on. And for anyone who'd love 773 00:36:25,760 --> 00:36:28,520 Speaker 1: to follow you and your story, where can they can 774 00:36:28,560 --> 00:36:29,440 Speaker 1: come to contact with you? 775 00:36:29,520 --> 00:36:32,520 Speaker 2: Oh, you can search me anywhere, it's alright, hey online 776 00:36:32,640 --> 00:36:34,680 Speaker 2: or search Matt Hay You'll find me there as well. 777 00:36:35,000 --> 00:36:37,200 Speaker 1: Fantastic. Thank you so much for going you thanks for 778 00:36:37,200 --> 00:36:39,600 Speaker 1: having me. All right, everyone, thank you so much for 779 00:36:39,640 --> 00:36:42,040 Speaker 1: listening to today's episode. If you could take a moment 780 00:36:42,080 --> 00:36:44,799 Speaker 1: to make sure you are following, and if you could 781 00:36:44,840 --> 00:36:47,160 Speaker 1: leave me a rating and review, I would greatly appreciate it.