WEBVTT - She just hit her first $1,000,000! 0:00:00.560 --> 0:00:05.920 My friend's investment portfolio just hit one million dollars. She's 0:00:05.960 --> 0:00:08.840 going to share with us exactly how she did it, 0:00:09.039 --> 0:00:13.520 the mindset, the practical strategies, and how she feels about 0:00:13.560 --> 0:00:17.760 her financial future. We're catching up with my friend Michelle 0:00:17.800 --> 0:00:36.280 for episode three. Good morning, everyone, and welcome back to 0:00:36.320 --> 0:00:39.960 Sugar Mama's Fireplay. I am your host financial planner, Canna Campbell, 0:00:40.000 --> 0:00:44.600 and as always, I'm here every Monday morning at five am, Rain, 0:00:44.760 --> 0:00:47.080 Hail or shine to help make sure that you start 0:00:47.159 --> 0:00:51.280 your week off on an inspired, informed, and most importantly 0:00:51.479 --> 0:00:53.720 educated note when it comes to achieving all of those 0:00:54.160 --> 0:00:56.440 very exciting financial goals and dreams. 0:00:57.080 --> 0:00:58.720 This morning were joined with Michelle. 0:00:58.760 --> 0:01:01.760 So this is actually our third catch up with Michelle. 0:01:02.120 --> 0:01:06.759 So in our first episode, Michelle shared the most insightful quote, 0:01:07.000 --> 0:01:09.720 and that is hopefully everyone remembers this. If you can 0:01:09.760 --> 0:01:12.800 afford an iPhone, you can afford to start investing in shares, 0:01:13.000 --> 0:01:16.880 and she was spot on. Then in this second episode 0:01:17.200 --> 0:01:19.800 we Talk, where we chatted with Michelle, she shared with 0:01:19.880 --> 0:01:23.200 us how she had doubled her portfolio in less than 0:01:23.440 --> 0:01:27.480 two and a half years. And in today's episode, she's 0:01:27.520 --> 0:01:30.040 gonna share with us how she's actually pretty much doubled 0:01:30.040 --> 0:01:33.640 her portfolio again. That's right, her portfolio has hit the. 0:01:33.720 --> 0:01:35.000 One million dollar mark. 0:01:35.160 --> 0:01:38.520 So she's going to allow me to pick her brain 0:01:38.920 --> 0:01:42.280 and give us all those insightful important bits of information 0:01:42.319 --> 0:01:44.240 so that we can apply at this in our own 0:01:44.640 --> 0:01:48.880 financial lives. Good morning, Michelle, How are you hi? 0:01:49.640 --> 0:01:51.240 How are you getting now? 0:01:51.320 --> 0:01:54.320 You were previously living in La when we first spoke, 0:01:54.360 --> 0:01:56.760 and then when we met in person, we were in La. 0:01:57.280 --> 0:01:58.480 Where are you living now? 0:01:59.160 --> 0:01:59.960 Phoenix? Aa? Zona? 0:02:00.440 --> 0:02:00.680 Wow? 0:02:01.200 --> 0:02:02.960 And what's the weather like there? Right now? 0:02:03.240 --> 0:02:05.200 It's one hundred and fifteen degrees? 0:02:05.600 --> 0:02:09.079 So how much is that in Celsius? I think it's 0:02:09.120 --> 0:02:13.000 like over forty I think Levy Google because. 0:02:12.760 --> 0:02:19.359 We don't do Celsius. But you know the rest of 0:02:18.800 --> 0:02:19.880 the world. 0:02:20.720 --> 0:02:23.040 Yeah, Well, in Sydney at the moment, it is winter 0:02:23.160 --> 0:02:25.840 and is wet, cold and miserable, and I have to 0:02:25.840 --> 0:02:29.720 say I'm feeling like I'm permanently soggy. But that's not 0:02:29.760 --> 0:02:31.480 too you know. The good thing about I guess winter 0:02:31.760 --> 0:02:33.760 is you get to hypernate it a little bit, and 0:02:33.800 --> 0:02:35.520 I tend to spend it a lot less because I'm 0:02:35.560 --> 0:02:39.160 just more happy filling my soul at home But enough 0:02:39.200 --> 0:02:42.560 about me, I want to ask you about you and 0:02:42.639 --> 0:02:47.280 your financial journey. Now, a massive, massive congratulations because your 0:02:47.360 --> 0:02:48.760 portfolio just hit the. 0:02:48.680 --> 0:02:53.160 One million dollar mark. Can you here with that? It's 0:02:53.280 --> 0:02:54.040 just crazy? 0:02:54.520 --> 0:02:57.360 Can you share with us how it feels to achieve 0:02:57.440 --> 0:03:01.440 this milestone at the age that you all like you're 0:03:01.440 --> 0:03:04.440 not even like halfway through life. 0:03:04.639 --> 0:03:05.040 Yeah. 0:03:05.720 --> 0:03:10.320 I hit it on Thursday, to be exact, So last 0:03:11.040 --> 0:03:14.320 a week ago from yesterday, I hit the mark and 0:03:14.680 --> 0:03:19.560 it was thanks to Broadcom and I was at work 0:03:19.840 --> 0:03:22.920 and I was looking at, you know, the shares for 0:03:22.960 --> 0:03:24.919 the day because I knew that they had big news 0:03:25.040 --> 0:03:28.880 and I was so close. And then I got home 0:03:29.360 --> 0:03:33.640 and then the aftermarket blew up on it. I mean 0:03:33.880 --> 0:03:37.920 it blew up and it went up like two hundred 0:03:37.960 --> 0:03:41.040 and twenty some dollars this year in the aftermarket, and 0:03:41.080 --> 0:03:43.320 it had already been going up all week, and I 0:03:43.400 --> 0:03:45.400 kept saying, let me take some off, let me take 0:03:45.400 --> 0:03:47.560 some off, like no, no, no, no, I know this guy. 0:03:47.760 --> 0:03:51.400 I've been with this one for a long time. Just 0:03:51.400 --> 0:03:53.400 just ride it out just a little bit longer. And 0:03:53.960 --> 0:03:56.840 when it got up to that amount, I took enough 0:03:56.960 --> 0:03:59.720 off the table. And when I did that, and I 0:03:59.800 --> 0:04:04.120 ran and the numbers I had reached, the one million, 0:04:04.720 --> 0:04:08.240 six thousand dollars and sixty cents something like that, and 0:04:08.280 --> 0:04:12.600 I was like screaming up like that screaming, and then 0:04:12.800 --> 0:04:15.360 I called a couple of friends who I could trust 0:04:15.400 --> 0:04:18.000 with it without them saying, oh, can I bar some money? 0:04:19.400 --> 0:04:20.240 So that. 0:04:22.560 --> 0:04:24.560 Was what it felt like, and it was It was 0:04:24.680 --> 0:04:27.920 the weirdest feeling, because it's like I've worked for this 0:04:28.560 --> 0:04:31.040 special number, and I think everybody works for this number. 0:04:31.360 --> 0:04:34.200 And then when it finally happened, it was like, Okay, 0:04:34.320 --> 0:04:36.719 I do feel kind of different. I really do, so 0:04:36.839 --> 0:04:40.400 you do feel different. But then you're like, okay, now 0:04:40.440 --> 0:04:42.960 I know I can't tell everybody, but I want to 0:04:43.000 --> 0:04:45.919 tell everybody. And you want to buy something, but I 0:04:45.960 --> 0:04:47.720 was like, no, no, no, no no, I'll wait to buy 0:04:47.760 --> 0:04:50.280 something when I'm at I don't know, a million and 0:04:50.320 --> 0:04:50.679 a half. 0:04:54.120 --> 0:04:57.839 Yeah, it's quite special because the day where your investment 0:04:57.920 --> 0:04:59.600 portfolioer clapped the. 0:04:59.560 --> 0:05:02.320 One million dola mark, it was actually the. 0:05:02.279 --> 0:05:05.960 Anniversary of your mother's passing, and your mother is actually 0:05:06.000 --> 0:05:09.360 the woman that initially really inspired you to take control 0:05:09.400 --> 0:05:10.520 of your financial. 0:05:10.120 --> 0:05:13.200 Future and to step up. It's so special. 0:05:13.600 --> 0:05:16.400 Yeah, it was, and you know, you saying that it 0:05:16.440 --> 0:05:18.200 did remind me. I was like, cause she was one 0:05:18.240 --> 0:05:18.679 of the people. 0:05:18.839 --> 0:05:21.080 I was like, oh my god, I wish she was 0:05:21.200 --> 0:05:24.000 living because she would have been like, well, it was 0:05:24.080 --> 0:05:27.640 always good with money, because you know, I was I 0:05:27.760 --> 0:05:30.760 was her little calculator when we go to the grocery store. 0:05:31.200 --> 0:05:31.400 You know. 0:05:31.520 --> 0:05:34.279 I would she put some in the car and like, well, okay, 0:05:34.320 --> 0:05:36.160 where am I at? And I would run it in 0:05:36.200 --> 0:05:38.200 my head. I'm like, oh, plus with tax, it will 0:05:38.240 --> 0:05:41.200 be this amount. So I would go to the grocery 0:05:41.200 --> 0:05:44.160 store with her and be the calculator. So she would 0:05:44.200 --> 0:05:46.520 have been very impressed, but she wouldn't have been surprised 0:05:46.520 --> 0:05:47.960 because she always said I was gonna be rich. 0:05:48.240 --> 0:05:52.400 So now, but to ask you a whole pot of 0:05:52.400 --> 0:05:55.360 like practical questions and you know about how you did this, 0:05:55.520 --> 0:05:56.880 and and you know. 0:05:56.880 --> 0:05:58.919 The resources that you use, so a quick you know, 0:05:59.279 --> 0:06:01.480 reminded ever one that all of my. 0:06:01.760 --> 0:06:06.360 Content, in particular my podcast episode is always general in nature, 0:06:06.480 --> 0:06:08.760 and nothing is that a product advice, investment and advice, 0:06:08.800 --> 0:06:12.320 strategic advice. What sort of place is purely obviously for 0:06:12.360 --> 0:06:17.120 everyone's educational purposes only. But I've got to ask you 0:06:17.120 --> 0:06:22.200 your mindset is phenomenal. You are like constantly motivated and driven, 0:06:22.240 --> 0:06:26.960 and you have this amazing like sense of focus. Can 0:06:27.000 --> 0:06:30.039 you share a little bit about your mindset but also 0:06:30.200 --> 0:06:34.000 like how it has maybe evolved over time and influence 0:06:34.080 --> 0:06:35.320 your investor decisions. 0:06:35.520 --> 0:06:38.400 Well, you know, it's funny you see that, But most 0:06:38.440 --> 0:06:41.720 of the time I'm focused on a goal. But I'm 0:06:41.760 --> 0:06:45.520 not so much focused all the time because I will 0:06:45.560 --> 0:06:47.720 get down a lot because I'm like, you know, I 0:06:47.800 --> 0:06:51.479 see people half my age, like in their twenties saying 0:06:51.520 --> 0:06:54.080 they did this and that. I'm like, Okay, I'm doing 0:06:54.120 --> 0:06:58.280 everything right. Why didn't I get there? So sometimes that 0:06:58.400 --> 0:07:02.400 motivates me when I see somebody much younger that you know, 0:07:02.600 --> 0:07:05.159 doesn't have like how do I want to put it? 0:07:05.200 --> 0:07:06.800 You know, like some of these kids are coming out 0:07:06.839 --> 0:07:10.360 of college right now, making, especially if they're in tech, 0:07:10.480 --> 0:07:13.520 making like six figures, you know, lots of money, and 0:07:13.520 --> 0:07:15.600 they're able to do a lot of things with that. 0:07:16.040 --> 0:07:19.040 For me, it's just changed over time that I've just 0:07:19.120 --> 0:07:22.160 become more comfortable in the fact that when I say 0:07:22.160 --> 0:07:25.040 I'm going to buy something and I research it, I 0:07:25.640 --> 0:07:28.200 trust my own judgment, whereas before I didn't trust my 0:07:28.200 --> 0:07:28.800 own judgment. 0:07:29.000 --> 0:07:30.760 I literally bought what other people bought. 0:07:30.840 --> 0:07:33.040 I bought what I knew, and I think I remember 0:07:33.120 --> 0:07:34.480 telling you everything I bought. 0:07:34.520 --> 0:07:37.520 I always bought what I knew, and I love dividends. 0:07:37.640 --> 0:07:40.960 But now I'm buying stuff I don't know because now 0:07:41.040 --> 0:07:44.680 I've become so seasoned that I'm really comfortable, you know, 0:07:44.920 --> 0:07:46.160 thinking outside the box. 0:07:46.640 --> 0:07:47.440 So that's how. 0:07:48.200 --> 0:07:51.840 Yeah, when you're having those days where you feel flat thinking, 0:07:51.880 --> 0:07:54.760 you know, there's this you know guy or girl like 0:07:54.840 --> 0:07:57.559 half my age earning you know, one hundred and twenty 0:07:57.560 --> 0:08:00.760 thousand dollars a year. You know, how do you like 0:08:01.120 --> 0:08:05.040 deal with that feeling? Because I don't have a believe 0:08:05.080 --> 0:08:07.120 in comparing yourself. But I think that's like a bottomless pit. 0:08:07.240 --> 0:08:10.160 But you know how for people who do that, like you, 0:08:11.000 --> 0:08:13.480 how do you get out of that hole? 0:08:13.880 --> 0:08:14.080 Oh? 0:08:14.200 --> 0:08:17.600 Good question. I get out of it by helping other people. 0:08:18.200 --> 0:08:21.080 Like I'm if I'm you know, on a bene and 0:08:21.120 --> 0:08:23.720 I'm watching these YouTube videos and they're telling this and that. 0:08:24.640 --> 0:08:27.120 I mean, you could get so down and so depressed 0:08:27.160 --> 0:08:28.560 you're like, you know what, I'm not gonna watch it, 0:08:28.600 --> 0:08:31.240 and then I'll look at my portfolio. I'll literally go 0:08:31.280 --> 0:08:33.120 online and look at it. I'm like, I've got a 0:08:33.120 --> 0:08:35.640 lot of money here, what is wrong with me? So 0:08:35.760 --> 0:08:39.520 then when I do, I'm like, if I'm feeling sorry 0:08:39.520 --> 0:08:42.400 for myself yet there's some people who would just love 0:08:42.440 --> 0:08:45.559 to have a thousand dollars during the day rams and 0:08:45.640 --> 0:08:47.840 you know, have a thousand dollars in your things account, 0:08:48.120 --> 0:08:51.280 whereas I have enough to I don't know, to feed 0:08:51.280 --> 0:08:54.400 a small village in Africa or something. So I'm like, okay, 0:08:54.800 --> 0:08:57.320 you gotta stop watching this stuff. So I'll stop watching 0:08:57.360 --> 0:08:59.400 it for a while and I'll go out and I'll 0:08:59.440 --> 0:09:03.840 help somebody. And I do that by just introducing people like, 0:09:03.920 --> 0:09:05.880 you know, like, hey, you know, have you ever thought 0:09:05.880 --> 0:09:07.920 about like retiring anytime soon? 0:09:08.040 --> 0:09:09.480 Or do you like your job? 0:09:09.600 --> 0:09:11.240 And you know, I did this with a neighbor two 0:09:11.280 --> 0:09:14.440 doors down for me who will become you know, good friends. 0:09:14.480 --> 0:09:16.040 And they started investing. 0:09:16.800 --> 0:09:21.760 And so we've been doing one hour classes twice a 0:09:21.800 --> 0:09:24.240 week where I'll go over there and we'll just sit 0:09:24.280 --> 0:09:27.840 there and I go over like, you know, how to 0:09:27.880 --> 0:09:30.120 look at this, how to look at read the numbers, 0:09:31.240 --> 0:09:32.280 decide what you want. 0:09:32.360 --> 0:09:33.920 And so they finally did. 0:09:33.960 --> 0:09:37.080 We did this for about two months and now they 0:09:37.160 --> 0:09:41.280 have got their their portfolio started. 0:09:40.960 --> 0:09:42.440 And they've got a few shares. 0:09:42.600 --> 0:09:45.400 And the first thing I told them, now, Okay, you 0:09:45.440 --> 0:09:47.920 can look at the market every day, but do not 0:09:48.080 --> 0:09:51.280 keep buying every day and don't sell every state. Just 0:09:51.720 --> 0:09:54.280 trust what you bought and ride out the storm. And 0:09:54.320 --> 0:09:58.160 so that's what I do. When I'm you know, comparing 0:09:58.600 --> 0:10:01.280 apples to oranges, I just go and find somebody who's 0:10:01.640 --> 0:10:02.760 has done as well as I have. 0:10:03.120 --> 0:10:05.400 I think it's so important, you know, that sense of 0:10:05.440 --> 0:10:08.800 gratitude of just taking pressing pause and looking at actually 0:10:09.080 --> 0:10:11.960 how much we've got already, and we have everything we 0:10:12.040 --> 0:10:15.040 need to in the moment right now to exceed and 0:10:15.080 --> 0:10:18.440 progress ahead, and then that moment to actually stop and 0:10:18.480 --> 0:10:22.480 look at how far you've come. It's a great mindset switch, 0:10:22.640 --> 0:10:25.320 you know, if you're feeling you know, down in the dumps, 0:10:25.320 --> 0:10:29.120 to like, you know, stab yourself and pull yourself out 0:10:29.200 --> 0:10:32.360 of it. Now when it comes to like the balance 0:10:32.400 --> 0:10:34.560 in life, like a lot of people think, if you 0:10:34.600 --> 0:10:37.320 want to build wealth, you have to deprive yourself. There 0:10:37.360 --> 0:10:41.120 are huge sacrifices, you know. It's about you know, living 0:10:41.720 --> 0:10:46.400 a frugal life filled with deprivation. Like I totally disagree 0:10:46.440 --> 0:10:48.680 with that I'm all about balance. And I know from 0:10:48.679 --> 0:10:51.080 when we were caught up in La like we had 0:10:51.120 --> 0:10:55.000 a great laugh about our love of you know, beautiful handbags. 0:10:54.480 --> 0:10:58.840 For example, Like how do you find the balance? 0:10:58.960 --> 0:11:01.160 Like have you you found on that sweet spot where 0:11:01.200 --> 0:11:05.000 you balance in your financial goals and being responsible with money, 0:11:05.080 --> 0:11:06.800 but also are allowing yourselves to have a couple of 0:11:06.840 --> 0:11:07.959 spudgets here and there. 0:11:08.280 --> 0:11:10.920 You know what, you're right because I used to be frugal, 0:11:11.280 --> 0:11:14.440 Like when I was younger, I was very frugal. But 0:11:14.920 --> 0:11:16.680 my mother used to tell me all the time because 0:11:16.720 --> 0:11:19.800 her father used to tell her she doesn't wear well. 0:11:20.080 --> 0:11:23.640 So she would, you know, even lay five kids. She 0:11:23.679 --> 0:11:27.559 would never like buy like really cheat clothes. She would 0:11:27.800 --> 0:11:30.600 she loves I wouldn't say so much name brand, but 0:11:31.000 --> 0:11:33.960 they were always high quality clothes. So sometimes they would 0:11:34.040 --> 0:11:38.040 be but she always said quality last. And so when 0:11:38.240 --> 0:11:41.839 you see yourself doing really well and you're paying your 0:11:41.840 --> 0:11:43.200 bills all on time, you. 0:11:43.120 --> 0:11:44.680 Have that extra little cash. 0:11:44.800 --> 0:11:48.240 I've put money in my emergency fund, I've put money 0:11:48.280 --> 0:11:51.000 in the market, and then if I come into a 0:11:51.000 --> 0:11:53.240 couple of more hundred bucks, I'm like, you know what 0:11:53.840 --> 0:11:56.559 I've earned it, I'm going to enjoy it and it 0:11:56.640 --> 0:11:59.160 is a happy balance. And I found that the more 0:11:59.240 --> 0:12:02.320 I've enjoyed the money that I have, the more I get. 0:12:02.880 --> 0:12:05.200 I know it sounds right, I know it doesn't. 0:12:05.280 --> 0:12:08.280 It doesn't sound crazy at all, I think, but it's that, 0:12:08.720 --> 0:12:11.000 you know what that is is, it's gratitude and what 0:12:11.040 --> 0:12:15.640 we appreciate, appreciates and pressing pools to acknowledge how nice 0:12:15.679 --> 0:12:19.000 it feels to you know, come from a place of 0:12:19.080 --> 0:12:22.240 self love and self respect. By prioritizing our financial wellbeing, 0:12:22.640 --> 0:12:26.520 we can then reward ourselves in a very healthy way 0:12:26.559 --> 0:12:28.960 which is filled with self love and self respect, and 0:12:29.040 --> 0:12:31.240 do it so guilt free because we've got our priorities 0:12:31.280 --> 0:12:32.080 in the right order. 0:12:32.400 --> 0:12:32.760 Yeah. 0:12:32.880 --> 0:12:36.200 And I've started to donate more so, like I said, 0:12:36.200 --> 0:12:38.080 I've started to do stuff that I've wanted to do 0:12:38.120 --> 0:12:41.200 a long time, like tied to my church. Also give 0:12:41.280 --> 0:12:45.200 to charitable organizations. I've gotten two of them that I like. 0:12:45.720 --> 0:12:46.920 One is Project. 0:12:46.520 --> 0:12:48.840 Forty seven and another one I think you guys probably 0:12:48.840 --> 0:12:51.079 have heard of a lot is Wounded Warriors. 0:12:51.559 --> 0:12:52.680 So I don't get to that. 0:12:53.720 --> 0:12:57.920 And I gotta tell you, Hannah, I enjoy donating more 0:12:57.960 --> 0:13:01.720 than now I'm buying stuff. Something I never thought would 0:13:01.720 --> 0:13:05.959 come out of my mouth, but they say, when you're 0:13:06.000 --> 0:13:09.000 a happy giver, things come back to you tenfold. 0:13:09.080 --> 0:13:09.959 And it really does. 0:13:10.400 --> 0:13:13.640 You get the satisfaction point that your hard work and 0:13:13.720 --> 0:13:17.800 you're building your financial freedom is helping others pour down 0:13:17.840 --> 0:13:19.000 on their luck at the moment. 0:13:19.200 --> 0:13:22.440 And you know, it compacts me with good karma. 0:13:22.480 --> 0:13:26.400 Oh, I couldn't agree more. I run this group. It's 0:13:26.400 --> 0:13:30.199 called the Money Mindset Manifestation Program, and it's a special 0:13:30.200 --> 0:13:34.040 community that people can join and and I am available 0:13:34.120 --> 0:13:36.679 literally twenty four to seven. And the other day someone 0:13:36.720 --> 0:13:39.360 messaged me and said, hey, something's happened, Like I'm feeling 0:13:39.360 --> 0:13:39.760 a bit. 0:13:39.600 --> 0:13:41.320 Flat, a bit confused, you know. 0:13:41.679 --> 0:13:44.560 And I spent like, you know, I think forty minutes 0:13:44.640 --> 0:13:47.160 chatting with this person, working through the stuff that was 0:13:47.200 --> 0:13:49.800 going and helping them see what was the blessing behind. 0:13:49.920 --> 0:13:55.720 And it was the most fulfilling, like enjoyable experience, like 0:13:55.840 --> 0:13:59.400 connecting with someone, helping someone allow like peeling back the 0:13:59.480 --> 0:14:03.120 layers to the brainstorming together. It just I you know, 0:14:03.520 --> 0:14:05.520 before that morning, I was feeling a little bit tired 0:14:05.520 --> 0:14:07.280 and flat, and by the time I got off that call, 0:14:07.360 --> 0:14:10.880 I just felt like I was just buzzing with passion, 0:14:11.080 --> 0:14:13.680 with love, with happiness. You know, I think the key 0:14:13.720 --> 0:14:17.320 to happiness is being able to help other people and 0:14:17.400 --> 0:14:21.400 help other people unconditionally. So yeah, I completely agree with 0:14:21.440 --> 0:14:26.880 everything you're saying. For listeners who are really keen to 0:14:26.920 --> 0:14:32.840 get started, what advice could you give them to help 0:14:32.920 --> 0:14:36.040 make sure that they pushed through that feeling of analysis paralysis, 0:14:36.160 --> 0:14:39.440 or that feeling of overwhelmed or not even sure where 0:14:39.480 --> 0:14:42.520 to get started. What would be you know, the advice 0:14:42.560 --> 0:14:44.800 you'd be to me if I was your neighbor next 0:14:44.800 --> 0:14:45.960 door wanting to begin. 0:14:46.240 --> 0:14:49.480 Okay, So what I told them because they wanted to 0:14:49.560 --> 0:14:53.400 literally buy the same things I buy. And you know, 0:14:53.760 --> 0:14:57.760 recently I bought some of chipotlets and things like that, 0:14:58.120 --> 0:15:01.160 and those are in the dollar range. 0:15:01.280 --> 0:15:02.120 I told them, I. 0:15:02.040 --> 0:15:05.240 Said, you shouldn't start that high. I said, trust me, 0:15:05.240 --> 0:15:07.360 I've been doing this a long time. And I said, 0:15:07.480 --> 0:15:11.080 and when I first started, I didn't buy anything more 0:15:11.120 --> 0:15:13.240 than like twenty five thirty forty dollars. 0:15:13.240 --> 0:15:14.760 And I said that was too much for me. 0:15:15.160 --> 0:15:18.440 I said, so don't try to start at the same 0:15:18.520 --> 0:15:22.720 pace as somebody else, because then you'll get you'll get down, 0:15:22.800 --> 0:15:24.280 you'll get the scrunt on and you're like, oh, I 0:15:24.320 --> 0:15:26.840 can't do it. I said buy, I said pick a 0:15:26.880 --> 0:15:30.480 dollar amount, stick with that amount, find ways to cut 0:15:30.520 --> 0:15:33.800 your budget to just get that amount each month, and 0:15:33.840 --> 0:15:34.800 stay consistent. 0:15:35.040 --> 0:15:36.320 That will make you feel better. 0:15:36.880 --> 0:15:40.360 You won't see it growing too much for like a 0:15:40.400 --> 0:15:42.920 two or three months or something like that. But just 0:15:43.040 --> 0:15:45.960 stick with it. Trust me when I tell you the 0:15:46.080 --> 0:15:48.000 turtle that me here. 0:15:48.400 --> 0:15:52.560 Yeah, it's it's better to start with something that's actually achievable, 0:15:52.680 --> 0:15:54.440 and you've got to be so patient. And this is 0:15:54.480 --> 0:15:57.240 what I love about one thousand dollars project. You know, 0:15:57.320 --> 0:16:00.440 it's you're just focusing on one thousand dollars. Get about 0:16:00.440 --> 0:16:03.000 the million dollar dreams and goals. I mean, they're great 0:16:03.000 --> 0:16:04.400 to have, but just focus on what you can do 0:16:04.480 --> 0:16:06.840 today to get started. If it's one hundred dollars or 0:16:06.880 --> 0:16:09.680 five hundred dollars, that's still great, but you can once 0:16:09.720 --> 0:16:12.120 you get started, the only way is up from there, 0:16:12.120 --> 0:16:15.200 and you can. You know, if thousand dollars feels overwhelming, 0:16:15.440 --> 0:16:17.920 try and do the five hundred dollars project. And you know, 0:16:18.840 --> 0:16:21.920 my portfolio hasn't done as well as yours. Like I 0:16:21.920 --> 0:16:24.920 think I'm up to about two hundred and eighty five 0:16:25.040 --> 0:16:27.640 thousand dollars for the thousand dollars project, which I've built 0:16:27.680 --> 0:16:30.400 over eight years or eight and a half years, which 0:16:30.400 --> 0:16:33.280 is I'm really proud of it, and it makes about 0:16:33.320 --> 0:16:36.080 a passive income of over sixteen thousand dollars a year 0:16:36.120 --> 0:16:39.760 and dividends. But you know, I all I ever do 0:16:39.880 --> 0:16:43.480 is for me, like the thousand dollars projects about small 0:16:43.520 --> 0:16:44.200 baby steps. 0:16:44.280 --> 0:16:46.080 But you know, if you can do a. 0:16:45.960 --> 0:16:48.480 Little bit every day or every week or every month 0:16:48.960 --> 0:16:51.640 over the period of time, like, it's incredible what it 0:16:51.720 --> 0:16:54.000 can do. And I think people would sort of turn 0:16:54.040 --> 0:16:55.680 their nose up, thinking, well, why would I bother with 0:16:55.760 --> 0:16:57.800 something such a small amount of money, But they don't 0:16:57.840 --> 0:17:01.480 realize that's the birthplace of your journey and it's it's 0:17:01.480 --> 0:17:02.840 incredible how quickly. 0:17:02.520 --> 0:17:03.160 That adds up. 0:17:03.680 --> 0:17:08.840 You know, your thousand dollars project when I started now, 0:17:09.040 --> 0:17:12.719 granted I want people to remember too. My portfolio is 0:17:12.760 --> 0:17:15.119 also from when if I switched a job and I 0:17:15.240 --> 0:17:19.320 rolled over my retirement funds, like my irais and stuff 0:17:19.760 --> 0:17:21.959 that were like in mutual funds, and they you know, 0:17:22.200 --> 0:17:25.080 once you leave a company, you get the money and 0:17:25.280 --> 0:17:27.160 you have to roll it over. So when I roll 0:17:27.200 --> 0:17:29.880 it over. I roll it over and I buy stocks 0:17:29.880 --> 0:17:33.600 with it. So that's how it grew a lot faster. 0:17:33.680 --> 0:17:36.800 As well as for your thousand dollars projects, I love 0:17:36.880 --> 0:17:40.240 that book. I love the concept. I couldn't afford a 0:17:40.280 --> 0:17:43.080 thousand at a time because I can't hustle as hard 0:17:43.400 --> 0:17:44.840 to come up with a thousand, so. 0:17:45.000 --> 0:17:47.919 I would use working money. 0:17:48.240 --> 0:17:50.760 But I have told people about that, and I also 0:17:50.920 --> 0:17:55.120 let them borrow your your second book, The Money Mindset 0:17:55.200 --> 0:17:57.320 one so mindful, so I gave that. 0:17:57.320 --> 0:17:58.560 To the mindfuls. 0:17:59.600 --> 0:18:02.360 I'm gonna yeah, and I told him, I said, Okay, 0:18:02.440 --> 0:18:04.080 you got a couple more weeks and then I want 0:18:04.160 --> 0:18:05.440 it back. 0:18:07.119 --> 0:18:07.920 I may get them that. 0:18:08.080 --> 0:18:11.000 I may buy it for them for Christmas, because yeah, 0:18:11.040 --> 0:18:12.880 I just it's something that you can always go back 0:18:12.880 --> 0:18:16.760 and look at and read. But yeah, the thousand project 0:18:17.000 --> 0:18:18.919 is it's tougher than it sound. 0:18:19.160 --> 0:18:22.520 And I think one of your readers even. 0:18:22.320 --> 0:18:24.239 Like cut it in half or she did like one 0:18:24.320 --> 0:18:26.679 hundred dollars project, so they could do that. 0:18:27.240 --> 0:18:30.080 So it's yeah, you know, someone did the ten thousand 0:18:30.119 --> 0:18:33.200 dollars project. They messaged me they were working in passes 0:18:33.240 --> 0:18:34.080 of ten thousand dollars. 0:18:34.160 --> 0:18:36.040 I was like wow, oh my gosh. 0:18:36.280 --> 0:18:38.520 But you know, the funny thing is that I've been 0:18:38.560 --> 0:18:40.520 doing it for eight years. But the truth is, over 0:18:40.560 --> 0:18:44.000 the last four years, I haven't really added anything to 0:18:44.040 --> 0:18:48.520 the portfolio. I've really just been like, I haven't added 0:18:48.920 --> 0:18:51.119 really much owing the last probably six months. 0:18:51.160 --> 0:18:52.960 I've been chipping away at the marginal and. 0:18:52.960 --> 0:18:56.679 There's a very small marginalone that's reducing and I've been 0:18:56.760 --> 0:18:58.680 sort of paying that off. But I haven't actually added 0:18:58.720 --> 0:19:02.240 anything really to the portfolio portfolio for the last four years. 0:19:02.280 --> 0:19:05.959 So you know, it actually could have been much much bigger. 0:19:06.000 --> 0:19:08.240 But the beautiful thing about the thousand dollar project is 0:19:08.440 --> 0:19:10.679 it rolls with you because you know, for me, the 0:19:10.720 --> 0:19:13.840 last four years, I've had two babies, and we've moved 0:19:13.840 --> 0:19:18.120 house like twice, we've moved out twice, so I've had, 0:19:18.160 --> 0:19:20.800 you know, additional distractions and expenses to deal with. So 0:19:20.840 --> 0:19:22.760 I haven't been able to put you know, my heart 0:19:22.800 --> 0:19:25.000 and soul like I had for the first four years 0:19:25.000 --> 0:19:26.119 of the thousand dollar project. 0:19:26.200 --> 0:19:29.400 So but I doesn't. That's the whole thing is it's fluid. 0:19:29.520 --> 0:19:31.560 It works with you, it volves with you, and you. 0:19:31.480 --> 0:19:33.639 Know, this year I'm looking at paying off the thousand 0:19:33.680 --> 0:19:36.120 dollar project margin loan, which is down to about thirty 0:19:36.200 --> 0:19:39.119 nine thousand, and I'm going to look at switching it 0:19:39.160 --> 0:19:41.359 into a debt recycling strategy. And my goal is now 0:19:41.400 --> 0:19:43.600 to turn it into a million dollar share portfolio like 0:19:44.160 --> 0:19:47.480