1
00:00:01,280 --> 00:00:02,000
Speaker 1: Welcome to the show.

2
00:00:02,160 --> 00:00:04,280
Speaker 2: It's really not until you spend some time in a

3
00:00:04,360 --> 00:00:07,720
Speaker 2: country where English is an afterthoughts, something that people don't

4
00:00:07,720 --> 00:00:11,080
Speaker 2: even consider when you walk around in every sign, every

5
00:00:11,200 --> 00:00:16,120
Speaker 2: label on every package, every bottle, every can, every announcement

6
00:00:16,239 --> 00:00:19,919
Speaker 2: over a pa at a train station, every conversation around you,

7
00:00:20,120 --> 00:00:21,560
Speaker 2: to you, about.

8
00:00:21,200 --> 00:00:22,480
Speaker 1: You is a mystery.

9
00:00:22,960 --> 00:00:25,600
Speaker 2: It's not until that happens that you maybe get an

10
00:00:25,600 --> 00:00:28,600
Speaker 2: idea of how much you take literacy for granted. Because

11
00:00:28,600 --> 00:00:30,960
Speaker 2: without a way to understand the language or the country

12
00:00:30,960 --> 00:00:34,080
Speaker 2: that we're in, it's almost impossible to get the things

13
00:00:34,159 --> 00:00:39,159
Speaker 2: we need, things like food, healthcare, employment, company. You can

14
00:00:39,200 --> 00:00:43,000
Speaker 2: feel quite powerless, even vulnerable to be taken advantage of.

15
00:00:43,720 --> 00:00:45,680
Speaker 2: There is one language, however, that is spoken in the

16
00:00:45,720 --> 00:00:46,280
Speaker 2: world over.

17
00:00:46,600 --> 00:00:49,920
Speaker 1: I'm sorry to disappoint you. It's not love. It's money.

18
00:00:50,400 --> 00:00:53,080
Speaker 2: And I wasn't until I was way older than I

19
00:00:53,159 --> 00:00:56,360
Speaker 2: probably should have been that I began to even just

20
00:00:56,440 --> 00:01:01,600
Speaker 2: get the slightest bit literate in how money works. I

21
00:01:01,640 --> 00:01:03,880
Speaker 2: did not understand at all, have budgets or savings or

22
00:01:03,880 --> 00:01:07,360
Speaker 2: investing work. Nowhere near as literate or fluent as I'd

23
00:01:07,400 --> 00:01:10,000
Speaker 2: like to be. I'm getting there, but thankfully we'll leave

24
00:01:10,000 --> 00:01:12,680
Speaker 2: in the world at the same time as Victoria Devine.

25
00:01:12,720 --> 00:01:14,680
Speaker 1: She's the host of the podcast She's on the Money.

26
00:01:14,680 --> 00:01:15,640
Speaker 1: Her new book is called The.

27
00:01:15,600 --> 00:01:18,920
Speaker 2: Business Bible, A Guide the business ownership for people who

28
00:01:18,959 --> 00:01:22,200
Speaker 2: are creating flexibility and independence. That sounds like you and

29
00:01:22,240 --> 00:01:25,360
Speaker 2: me at the same time. Speaking of financial independence, I

30
00:01:25,400 --> 00:01:27,520
Speaker 2: do need to play some ads. We're back with Victoria

31
00:01:27,560 --> 00:01:28,480
Speaker 2: in a jiffy.

32
00:01:32,240 --> 00:01:35,800
Speaker 3: Based level. Financial literacy is understanding how much money is

33
00:01:35,840 --> 00:01:38,000
Speaker 3: going into your account, how much is coming out, how

34
00:01:38,080 --> 00:01:40,080
Speaker 3: much do I need going in to be able to

35
00:01:40,120 --> 00:01:43,360
Speaker 3: cover all of my expenses, what do I owe and

36
00:01:43,440 --> 00:01:45,360
Speaker 3: what do I own? Like I want you to know

37
00:01:45,400 --> 00:01:48,000
Speaker 3: those four numbers, so earn, spend, own, and oh are

38
00:01:48,000 --> 00:01:50,840
Speaker 3: my like four favorite ones. We can then build on

39
00:01:50,880 --> 00:01:53,280
Speaker 3: that later and talk about like compound interest, and we

40
00:01:53,320 --> 00:01:56,120
Speaker 3: can talk about investing. We can talk about stuperranuation and

41
00:01:56,160 --> 00:01:58,920
Speaker 3: like how tax effective that is. We don't need to

42
00:01:59,600 --> 00:02:04,520
Speaker 3: assume that people automatically know what investing is, because otherwise

43
00:02:04,560 --> 00:02:07,520
Speaker 3: we'd all be retiring really rich yosha, and we're not.

44
00:02:07,760 --> 00:02:09,960
Speaker 3: So that's telling me a lot about how we just

45
00:02:10,000 --> 00:02:16,000
Speaker 3: don't still know. I've got people in my community, and

46
00:02:16,880 --> 00:02:19,600
Speaker 3: so many of them having a hard time with money

47
00:02:19,600 --> 00:02:21,680
Speaker 3: because of the way that they grew up around it.

48
00:02:21,720 --> 00:02:24,440
Speaker 3: So like, I was recently talking to somebody who grew

49
00:02:24,520 --> 00:02:28,960
Speaker 3: up super wealthy, and now she's seen so much credit

50
00:02:28,960 --> 00:02:32,200
Speaker 3: card debt because she tried. She just kept up with

51
00:02:32,480 --> 00:02:36,120
Speaker 3: that spending cycle when she moved out of home and

52
00:02:36,800 --> 00:02:39,679
Speaker 3: it never hurt. So like, she was never anxious about

53
00:02:39,680 --> 00:02:42,200
Speaker 3: a credit card because she'd seen mom and dad use

54
00:02:42,280 --> 00:02:46,320
Speaker 3: credit cards her entire life without any negative repercussions. So

55
00:02:46,400 --> 00:02:48,639
Speaker 3: when she became an adult and got her credit cards,

56
00:02:48,760 --> 00:02:51,519
Speaker 3: she was like, oh, that one's stopped working. I'm just

57
00:02:51,600 --> 00:02:54,399
Speaker 3: going to get a new one. That's fine. And now

58
00:02:54,440 --> 00:02:57,720
Speaker 3: she's in very much debt. But I can get you

59
00:02:57,760 --> 00:03:00,480
Speaker 3: out of that situation. But only you can keep yourself

60
00:03:00,480 --> 00:03:02,600
Speaker 3: out of that situation if I fix all of this

61
00:03:02,720 --> 00:03:05,880
Speaker 3: and then you go along and spending isn't painful. Gen

62
00:03:05,919 --> 00:03:08,040
Speaker 3: know we're going to end up back in debt.

63
00:03:08,240 --> 00:03:11,960
Speaker 2: That is former financial advisor, author, podcast host, and all

64
00:03:12,000 --> 00:03:15,360
Speaker 2: around excellent human Victoria Devine. This is better than yesterday,

65
00:03:15,639 --> 00:03:18,799
Speaker 2: making it better every episode every week since twenty thirteen.

66
00:03:18,800 --> 00:03:21,040
Speaker 1: My name Josh Ginsburg. Thank you so much for being here.

67
00:03:21,360 --> 00:03:23,680
Speaker 2: We still have just a few tickets left for Sunday

68
00:03:23,760 --> 00:03:27,560
Speaker 2: Night Story Club Show, which is a live storytelling show

69
00:03:27,560 --> 00:03:29,520
Speaker 2: I'm doing with Zobey Norton Lodge at the Comedy Store.

70
00:03:29,639 --> 00:03:34,280
Speaker 2: Tanya Hennessy, Rosie Wardle and Harry Garside, Emma Wortley and

71
00:03:34,960 --> 00:03:37,680
Speaker 2: the amazing DJ Hooky all join us on stage to

72
00:03:37,720 --> 00:03:41,920
Speaker 2: tell true stories from their lives. It will be most funny.

73
00:03:42,080 --> 00:03:44,000
Speaker 2: Tickets are in the show notes. There's a sort of

74
00:03:44,000 --> 00:03:47,000
Speaker 2: link there for the substack. Victoria Devine's my guest today.

75
00:03:47,120 --> 00:03:47,960
Speaker 2: She's marvelous.

76
00:03:48,320 --> 00:03:50,800
Speaker 1: Today. We spoke a lot, you know, and wonderfully.

77
00:03:50,920 --> 00:03:53,680
Speaker 2: She shared about her own journey out of enormous credit

78
00:03:53,760 --> 00:03:58,280
Speaker 2: card debt over forty K to now helping others understand

79
00:03:58,280 --> 00:04:01,400
Speaker 2: their money story. Where you or someone who needs colorful

80
00:04:01,440 --> 00:04:03,960
Speaker 2: charts and numbers and arrows like I am, or you're

81
00:04:04,000 --> 00:04:05,840
Speaker 2: just trying to figure out how to talk about finances

82
00:04:05,880 --> 00:04:09,200
Speaker 2: with your partner, This conversation's got something for everybody. Hope

83
00:04:09,200 --> 00:04:16,760
Speaker 2: you enjoyed the show. Thank you so much for doing

84
00:04:16,800 --> 00:04:20,200
Speaker 2: this today. I'm grateful to speak to you. As we

85
00:04:20,320 --> 00:04:24,640
Speaker 2: started connecting, I was doing sketches on top of the

86
00:04:24,680 --> 00:04:28,240
Speaker 2: illustrations where illustrator's done for me for the draft of

87
00:04:28,240 --> 00:04:33,200
Speaker 2: my second book, and we were just discussing that that's

88
00:04:33,240 --> 00:04:36,080
Speaker 2: something you're quite familiar with, Yeah, but mine are boring.

89
00:04:36,279 --> 00:04:38,680
Speaker 3: So like the illustrations were like, this is how a

90
00:04:38,800 --> 00:04:43,240
Speaker 3: trust distribution works, and this is how your superannuation gets paid,

91
00:04:43,480 --> 00:04:45,640
Speaker 3: and this is what a frankin credit is. Like mine

92
00:04:45,680 --> 00:04:48,720
Speaker 3: whenever like sexy or exciting. Mine were always really boring,

93
00:04:49,000 --> 00:04:50,400
Speaker 3: and then I'd be disappointed.

94
00:04:50,640 --> 00:04:55,920
Speaker 2: I've got to tell you though, as someone who relates

95
00:04:55,960 --> 00:05:00,040
Speaker 2: to numbers differently, I guess I can understand.

96
00:04:59,720 --> 00:05:01,240
Speaker 1: Numbers, but I relate to them very differently.

97
00:05:01,480 --> 00:05:04,840
Speaker 2: It truly wasn't until I met an accountant who took

98
00:05:04,920 --> 00:05:07,600
Speaker 2: me seriously when I said, no, no, no, you're going

99
00:05:07,680 --> 00:05:10,720
Speaker 2: to need to get different colored pens and a big

100
00:05:10,760 --> 00:05:14,040
Speaker 2: piece of paper and use shapes and arrows please.

101
00:05:14,520 --> 00:05:17,719
Speaker 3: But also that's me as a financial advisor, and I

102
00:05:17,760 --> 00:05:21,040
Speaker 3: think that that might be playing into my success. Like

103
00:05:21,440 --> 00:05:24,919
Speaker 3: loves a spreadsheet, but also only if it's color coded.

104
00:05:25,400 --> 00:05:28,520
Speaker 2: When we first bought, when we bought this house, like

105
00:05:28,600 --> 00:05:31,920
Speaker 2: I was in conniptions as to when I saw the

106
00:05:32,400 --> 00:05:35,640
Speaker 2: numbers of the you know what we needed to service?

107
00:05:35,680 --> 00:05:36,560
Speaker 1: What you're signing up for?

108
00:05:36,600 --> 00:05:40,160
Speaker 2: You you know we can get into this the psychology

109
00:05:40,160 --> 00:05:41,880
Speaker 2: of what it might have your experiences might have been

110
00:05:41,920 --> 00:05:43,719
Speaker 2: when you were young, and how that affects your relationship

111
00:05:43,760 --> 00:05:46,400
Speaker 2: to money when you're older. And it wasn't until Audrey

112
00:05:46,400 --> 00:05:49,080
Speaker 2: sat in bed, literally with crayons and an a three

113
00:05:49,160 --> 00:05:51,640
Speaker 2: sketch pad that we nicked off g after she's gone

114
00:05:51,680 --> 00:05:54,720
Speaker 2: to bed, and she drew it all out and showed

115
00:05:54,720 --> 00:05:56,800
Speaker 2: me that there was space between what we were earning

116
00:05:57,320 --> 00:05:59,400
Speaker 2: and the mortgage that we were going to be paying.

117
00:06:00,000 --> 00:06:02,480
Speaker 3: How many times so I own a mortgage breaking business

118
00:06:02,720 --> 00:06:04,279
Speaker 3: and do you know how many times we have to

119
00:06:04,320 --> 00:06:06,839
Speaker 3: do that with clients? Like they'll come in and like,

120
00:06:06,880 --> 00:06:08,720
Speaker 3: don't get me wrong, we never want to max out

121
00:06:08,760 --> 00:06:11,160
Speaker 3: your capacity if you're not comfortable with it. But they'll

122
00:06:11,160 --> 00:06:12,880
Speaker 3: come in and be like, oh, v we think we

123
00:06:12,920 --> 00:06:15,840
Speaker 3: want to like go seven hundred grand and you go

124
00:06:15,920 --> 00:06:18,440
Speaker 3: well in Melbourne and even in Sydney, that's going to

125
00:06:18,480 --> 00:06:20,440
Speaker 3: get you not that much, given you're buying in a

126
00:06:20,480 --> 00:06:24,039
Speaker 3: city you're actually servicing like one point five meal. What

127
00:06:24,160 --> 00:06:27,080
Speaker 3: if we look at like nine hundred and like they're

128
00:06:27,120 --> 00:06:28,960
Speaker 3: really stressed about it, like we can't afford it, And

129
00:06:28,960 --> 00:06:31,520
Speaker 3: I'm like, let me just do the maths and they're like, Wow,

130
00:06:31,640 --> 00:06:32,480
Speaker 3: how did you do that?

131
00:06:33,480 --> 00:06:36,559
Speaker 2: Actually it's just maths well and showing them their current

132
00:06:36,640 --> 00:06:38,720
Speaker 2: rental going right now, you can do it?

133
00:06:39,040 --> 00:06:41,839
Speaker 3: Yeah, Like right now, you're actually already doing it. In fact,

134
00:06:41,880 --> 00:06:45,480
Speaker 3: you're saving and paying more rent than you are on

135
00:06:45,520 --> 00:06:48,320
Speaker 3: that mortgage, and I can actually fix that up for you.

136
00:06:48,720 --> 00:06:50,560
Speaker 3: That does take a lot of pressure off.

137
00:06:50,760 --> 00:06:53,200
Speaker 2: In your experience, having you know, sat down with people

138
00:06:53,240 --> 00:06:55,839
Speaker 2: who probably have very similar goals. I want to have

139
00:06:55,880 --> 00:06:58,919
Speaker 2: financial security for my immediate short term and you know,

140
00:06:59,000 --> 00:07:00,960
Speaker 2: finished security from a life term. You know, something for

141
00:07:01,040 --> 00:07:03,520
Speaker 2: my kids if they come along. Everyone's got a very

142
00:07:03,520 --> 00:07:06,760
Speaker 2: similar goal, but the very different approaches they have to

143
00:07:06,920 --> 00:07:10,520
Speaker 2: numbers and the concept of risk. Have you noticed something

144
00:07:10,560 --> 00:07:13,800
Speaker 2: that is common between those who are able to handle

145
00:07:13,800 --> 00:07:15,920
Speaker 2: the numbers and those who like me, who need pictures.

146
00:07:17,040 --> 00:07:19,440
Speaker 3: I think it's just our different brains and the way

147
00:07:19,480 --> 00:07:21,880
Speaker 3: that we have been hard wayed to learn, right, Like,

148
00:07:22,000 --> 00:07:24,720
Speaker 3: We've got creative people and then we've got analytic people,

149
00:07:24,840 --> 00:07:27,360
Speaker 3: and there are people that see the like in the

150
00:07:27,400 --> 00:07:29,120
Speaker 3: middle of that, And I would say that that's me,

151
00:07:29,640 --> 00:07:32,360
Speaker 3: Like I have this and I'm very grateful for the

152
00:07:32,400 --> 00:07:36,000
Speaker 3: ability to understand numbers deeply like I did you know,

153
00:07:36,040 --> 00:07:39,360
Speaker 3: before I even got into finance, I did psychology and

154
00:07:39,600 --> 00:07:43,440
Speaker 3: I was doing you know, statistics and like analysis and

155
00:07:43,480 --> 00:07:45,920
Speaker 3: like was really into that. But on the flip side,

156
00:07:46,200 --> 00:07:49,320
Speaker 3: I also need a really good pie chart to understand

157
00:07:49,360 --> 00:07:52,760
Speaker 3: what things look like like. I love, you know, having

158
00:07:52,800 --> 00:07:55,720
Speaker 3: it drawn out for me. In fact, way back in

159
00:07:55,840 --> 00:07:58,520
Speaker 3: you remember high school, way back when we would like

160
00:07:58,560 --> 00:08:00,680
Speaker 3: study for exams, I was the girl with all of

161
00:08:00,680 --> 00:08:02,680
Speaker 3: those like notes stuck up on the wall that were

162
00:08:02,760 --> 00:08:04,640
Speaker 3: color coded because that was the only way that I

163
00:08:04,680 --> 00:08:06,840
Speaker 3: got it. So it was like, I have this love

164
00:08:06,920 --> 00:08:10,960
Speaker 3: for analytics, but I also need the visuals so that

165
00:08:11,040 --> 00:08:13,920
Speaker 3: it makes sense. Like I'm not the type of person

166
00:08:14,080 --> 00:08:17,040
Speaker 3: and I'm sure that you aren't either, because I don't

167
00:08:17,120 --> 00:08:19,720
Speaker 3: think creatives are like with the type of people to

168
00:08:19,800 --> 00:08:23,400
Speaker 3: go yeah, but why, yeah, but why And that can

169
00:08:23,440 --> 00:08:25,960
Speaker 3: be really frustrating because they go the answer is x

170
00:08:26,040 --> 00:08:28,480
Speaker 3: usher and then you go, yeah, but I'm gonna need

171
00:08:28,520 --> 00:08:30,800
Speaker 3: to understand the background and how you got there and

172
00:08:30,840 --> 00:08:33,760
Speaker 3: what that looks like before I accept this answer.

173
00:08:34,120 --> 00:08:36,320
Speaker 2: And I need an answer that isn't because it's on

174
00:08:36,400 --> 00:08:39,120
Speaker 2: the turst because that was what I would get yeah, and.

175
00:08:39,080 --> 00:08:41,679
Speaker 3: That's what we used to get, right so for us

176
00:08:42,360 --> 00:08:45,480
Speaker 3: being that creative mind, I think so many times you're like, yeah,

177
00:08:45,480 --> 00:08:48,960
Speaker 3: but why, Like you've been told before a million times

178
00:08:49,000 --> 00:08:53,640
Speaker 3: it's important to take superinuation into consideration, But until it's

179
00:08:53,679 --> 00:08:56,439
Speaker 3: like fully contextualized and drawn out, you're not going to

180
00:08:56,480 --> 00:08:58,599
Speaker 3: make it a priority because you're like, nobody explained the

181
00:08:58,600 --> 00:09:00,760
Speaker 3: why catcher, Like, I'm just it's not interested.

182
00:09:01,320 --> 00:09:04,000
Speaker 2: It is really important, and I'm sure things are changing

183
00:09:04,200 --> 00:09:06,720
Speaker 2: now when it comes to financial literacy in schools, but

184
00:09:06,760 --> 00:09:10,520
Speaker 2: you can only work with what you've got. And like again,

185
00:09:10,559 --> 00:09:14,760
Speaker 2: I didn't understand that my inability to cope in my

186
00:09:14,880 --> 00:09:17,680
Speaker 2: own lack of financial literacy and my own inability to

187
00:09:17,720 --> 00:09:20,360
Speaker 2: understand what the numbers were doing had led to me

188
00:09:20,960 --> 00:09:26,280
Speaker 2: inadvertently putting myself in relationships of a disadvantage when it

189
00:09:26,320 --> 00:09:30,720
Speaker 2: came to financial professionals. And my wife, Audrey, I took

190
00:09:30,720 --> 00:09:32,360
Speaker 2: her along to meet one of these people once and

191
00:09:32,400 --> 00:09:35,199
Speaker 2: she just looked straight at this person and went, Nope,

192
00:09:35,559 --> 00:09:37,480
Speaker 2: we're changing now.

193
00:09:37,559 --> 00:09:41,360
Speaker 3: But that's so common, especially in the media space, right, Like,

194
00:09:41,679 --> 00:09:44,520
Speaker 3: I'm very lucky that way back when I was a

195
00:09:44,559 --> 00:09:48,240
Speaker 3: financial advisor and now a retired financial advisor because of

196
00:09:48,280 --> 00:09:51,080
Speaker 3: my podcast, I started attracting lots of people who were

197
00:09:51,080 --> 00:09:54,000
Speaker 3: also in the media, so like influencers people on tell

198
00:09:54,080 --> 00:09:57,880
Speaker 3: you like radio personalities, and I've become their financial advisors.

199
00:09:58,080 --> 00:10:01,040
Speaker 3: And I would hit the roofnumber of times a week

200
00:10:01,120 --> 00:10:04,320
Speaker 3: because I would see management fees that were being taken

201
00:10:04,320 --> 00:10:07,520
Speaker 3: out and you were being taken advantage of, and the

202
00:10:07,559 --> 00:10:09,720
Speaker 3: amount of people that would come to me from this

203
00:10:09,920 --> 00:10:13,400
Speaker 3: one particular person who was their accountant, and I would

204
00:10:13,440 --> 00:10:17,360
Speaker 3: just be like, okay, you're coming from this person. I

205
00:10:17,360 --> 00:10:20,680
Speaker 3: would have to literally clean house because they've been taken

206
00:10:20,720 --> 00:10:23,760
Speaker 3: advantage of, and like it's like anything right, your mate

207
00:10:24,000 --> 00:10:26,240
Speaker 3: uses them, so then you use them and you go, oh,

208
00:10:26,240 --> 00:10:29,480
Speaker 3: they're a bit weird, but like maybe maths people are weird.

209
00:10:29,840 --> 00:10:33,480
Speaker 2: Like well, when you're in the whether in the entertainment

210
00:10:33,480 --> 00:10:37,760
Speaker 2: space or not, the susceptibility we have are getting taken

211
00:10:37,760 --> 00:10:42,120
Speaker 2: advantage of if we basically and not making great decisions

212
00:10:42,160 --> 00:10:45,360
Speaker 2: for our goals is really really high if we don't

213
00:10:45,360 --> 00:10:48,200
Speaker 2: have a head screwed on around financial literacy.

214
00:10:48,720 --> 00:10:52,040
Speaker 3: And you deserve that as well, like everybody does, irrespective

215
00:10:52,040 --> 00:10:54,719
Speaker 3: of whether you're in the media and doing entertainment or

216
00:10:54,960 --> 00:10:57,640
Speaker 3: you are just a mum who's working as a nurse, Like,

217
00:10:57,960 --> 00:11:00,680
Speaker 3: there are always people out there trying to take advantage

218
00:11:00,720 --> 00:11:04,240
Speaker 3: of your situation to make their back pockets more deeply lined,

219
00:11:04,360 --> 00:11:07,120
Speaker 3: And I just it frustrates me so much because that's

220
00:11:07,160 --> 00:11:09,560
Speaker 3: the one space that it's like, really, we're going to

221
00:11:09,559 --> 00:11:12,680
Speaker 3: take advantage of people when they have come to you

222
00:11:12,760 --> 00:11:15,280
Speaker 3: with this like unlimited amount.

223
00:11:14,920 --> 00:11:18,040
Speaker 2: Of trust because yeah, we know we've got to do something.

224
00:11:18,080 --> 00:11:21,679
Speaker 2: We know we're not great at it, So we're trusting

225
00:11:21,679 --> 00:11:25,280
Speaker 2: someone who's got all of the letters after their name

226
00:11:25,360 --> 00:11:27,480
Speaker 2: and all the pluks on the wall and that they

227
00:11:27,520 --> 00:11:30,880
Speaker 2: will act with integrity. But I've had to and you know, Victoria,

228
00:11:30,880 --> 00:11:32,480
Speaker 2: I'm sure you've had the same thing with the people

229
00:11:32,520 --> 00:11:33,000
Speaker 2: you've worked with.

230
00:11:33,120 --> 00:11:35,559
Speaker 1: Is ultimately I'm the person that hired them.

231
00:11:35,800 --> 00:11:37,600
Speaker 3: Yeah, but you don't know what you don't know. You

232
00:11:37,640 --> 00:11:40,840
Speaker 3: can't say, oh, that's, you know, faux pa on my behalf,

233
00:11:41,120 --> 00:11:43,880
Speaker 3: because you probably did your due diligency in exactly the

234
00:11:43,920 --> 00:11:45,800
Speaker 3: way I would tell you to. Right. Did you look

235
00:11:45,800 --> 00:11:48,320
Speaker 3: them up online? Yes? Did you you know ask a

236
00:11:48,360 --> 00:11:50,240
Speaker 3: mate who has been with them? Yeah, my mate's been

237
00:11:50,320 --> 00:11:51,960
Speaker 3: using them for a couple of years, and like I

238
00:11:52,000 --> 00:11:54,840
Speaker 3: haven't heard any complaints. Oh I need an accountant, or

239
00:11:54,840 --> 00:11:56,960
Speaker 3: I need an advisor, or I need you know, somewhat

240
00:11:57,000 --> 00:12:01,040
Speaker 3: a manager, whatever it is. And it's just if you

241
00:12:01,080 --> 00:12:02,800
Speaker 3: don't know, you don't know. And you and I both

242
00:12:02,880 --> 00:12:06,360
Speaker 3: know that half the time he finds out someone's dodgy,

243
00:12:06,520 --> 00:12:10,760
Speaker 3: there's nothing online about it, like you just go, oh,

244
00:12:10,840 --> 00:12:14,200
Speaker 3: so we all should be leaving okay the worries, Yeah, just.

245
00:12:14,640 --> 00:12:16,480
Speaker 1: A little late. But also when it comes to things

246
00:12:16,520 --> 00:12:19,559
Speaker 1: like I don't know your power bill, your home loand.

247
00:12:19,480 --> 00:12:21,160
Speaker 3: Oh I can sort you out on that, like if

248
00:12:21,160 --> 00:12:23,880
Speaker 3: you're getting screwed on that, like that's unacceptable.

249
00:12:24,800 --> 00:12:28,079
Speaker 2: Yeah, And that's the that's the really interesting thing understanding

250
00:12:28,679 --> 00:12:31,559
Speaker 2: how you know people and you know other countries who

251
00:12:31,559 --> 00:12:34,439
Speaker 2: don't necessarily have the mortgage calculators and this sort of

252
00:12:34,440 --> 00:12:37,079
Speaker 2: stuff that we have access to here on the smart

253
00:12:37,080 --> 00:12:39,080
Speaker 2: money website, the government website, because they're not on the

254
00:12:39,080 --> 00:12:42,280
Speaker 2: bank website, just how much they're getting taken advantage of

255
00:12:42,280 --> 00:12:45,720
Speaker 2: because they simply don't understand how compound interest works, which

256
00:12:45,920 --> 00:12:48,160
Speaker 2: I mean is that is compound interest, Like that's the

257
00:12:48,240 --> 00:12:52,600
Speaker 2: do re me Farso la Tito of of financial literacy.

258
00:12:53,200 --> 00:12:58,640
Speaker 3: So no, and I think that there's this overwhelming assumption

259
00:12:59,080 --> 00:13:02,439
Speaker 3: that it will be easy for you to understand compound interest,

260
00:13:02,720 --> 00:13:06,520
Speaker 3: like I am wildly passionate about, Like I guess normalizing

261
00:13:06,520 --> 00:13:09,080
Speaker 3: the fact that we don't understand this before we start

262
00:13:09,880 --> 00:13:12,880
Speaker 3: talking about it. So like, the way compounding interest is

263
00:13:13,559 --> 00:13:15,839
Speaker 3: or the way compound interest works is it's the money

264
00:13:15,880 --> 00:13:18,360
Speaker 3: that our money makes when we invest money, right, And

265
00:13:18,360 --> 00:13:20,959
Speaker 3: that sounds pretty like complicated at the same time as

266
00:13:20,960 --> 00:13:25,120
Speaker 3: being quite simple. But the hard part is it's not linear.

267
00:13:25,360 --> 00:13:27,319
Speaker 3: So it's not one plus one equals too and then

268
00:13:27,360 --> 00:13:30,160
Speaker 3: next year two plus two equals four. It's one plus

269
00:13:30,160 --> 00:13:33,720
Speaker 3: one equals one point ten like, and then it's two

270
00:13:33,760 --> 00:13:36,880
Speaker 3: point two like, and it just increases and it's kind

271
00:13:36,880 --> 00:13:39,120
Speaker 3: of like a step thing. So in the first few

272
00:13:39,160 --> 00:13:41,160
Speaker 3: years it doesn't really have an impact, but over the

273
00:13:41,200 --> 00:13:44,400
Speaker 3: long term it does. And for us as human beings,

274
00:13:44,440 --> 00:13:49,480
Speaker 3: we have by default a way of linear thinking, like

275
00:13:49,520 --> 00:13:53,040
Speaker 3: we don't think in the way that compound interest is portrayed.

276
00:13:53,400 --> 00:13:55,720
Speaker 3: So even if I explain it to you once, you

277
00:13:55,800 --> 00:13:58,960
Speaker 3: kind of go, that's not interesting to me or that's

278
00:13:59,000 --> 00:14:01,920
Speaker 3: not something I underst stand, And that's where I have

279
00:14:02,000 --> 00:14:04,240
Speaker 3: to work and work and work again at it, because

280
00:14:04,320 --> 00:14:07,880
Speaker 3: for me, base level financial literacy is understanding how much

281
00:14:07,920 --> 00:14:10,200
Speaker 3: money is going into your account, how much is coming out,

282
00:14:10,360 --> 00:14:12,439
Speaker 3: how much do I need going in to be able

283
00:14:12,440 --> 00:14:15,360
Speaker 3: to cover all of my expenses? What do I owe

284
00:14:15,679 --> 00:14:17,640
Speaker 3: and what do I own? Like, I want you to

285
00:14:17,720 --> 00:14:20,240
Speaker 3: know those four numbers, so earn, spend, own, and oh

286
00:14:20,320 --> 00:14:23,160
Speaker 3: are my like four favorite ones. We can then build

287
00:14:23,200 --> 00:14:25,640
Speaker 3: on that later and talk about like compound interest, and

288
00:14:25,680 --> 00:14:28,200
Speaker 3: we can talk about investing. We can talk about superanuation

289
00:14:28,440 --> 00:14:31,280
Speaker 3: and like how tax effective that is. We don't need

290
00:14:31,320 --> 00:14:36,080
Speaker 3: to assume that people automatically know what investing is, because

291
00:14:36,480 --> 00:14:39,960
Speaker 3: otherwise we'd all be retiring really rich yosha, and we're not.

292
00:14:40,240 --> 00:14:42,440
Speaker 3: So that's telling me a lot about how we just

293
00:14:42,480 --> 00:14:45,840
Speaker 3: don't still know. Like the fact that we are still

294
00:14:45,960 --> 00:14:48,800
Speaker 3: as a country so reliant on a pension when we

295
00:14:48,920 --> 00:14:51,720
Speaker 3: retire tells me I'm not doing my job well enough.

296
00:14:52,280 --> 00:14:52,760
Speaker 1: There's a lot.

297
00:14:53,120 --> 00:14:54,840
Speaker 2: There's a lot to unpack then, And I like those

298
00:14:54,840 --> 00:14:56,440
Speaker 2: four numbers. And I just got a flash back to

299
00:14:56,480 --> 00:14:59,640
Speaker 2: the first time I visited a dietitian in my late

300
00:14:59,640 --> 00:15:02,200
Speaker 2: twenty I was like, this is very similar to calories

301
00:15:02,240 --> 00:15:07,000
Speaker 2: and calories out, what do I want to fifty?

302
00:15:07,560 --> 00:15:12,320
Speaker 3: It's very similar bodybuilders, but with this we get rich,

303
00:15:12,640 --> 00:15:15,120
Speaker 3: and I just I know mine's better. I can sell

304
00:15:15,160 --> 00:15:15,800
Speaker 3: it way better.

305
00:15:16,480 --> 00:15:19,480
Speaker 2: It's not my line, it's I think it's Dave. It's

306
00:15:19,960 --> 00:15:22,840
Speaker 2: Chris Rock's line as he talks.

307
00:15:22,600 --> 00:15:23,960
Speaker 1: About I don't want to be rich.

308
00:15:24,000 --> 00:15:27,400
Speaker 2: I want to be wealthy, like Shaq is rich. The

309
00:15:27,440 --> 00:15:30,360
Speaker 2: guy that signs Shack's check. That's wealth.

310
00:15:31,280 --> 00:15:36,120
Speaker 3: That's true, that's true, that's where those manager. So do

311
00:15:36,200 --> 00:15:38,200
Speaker 3: we really want to be wealthy or do we want

312
00:15:38,240 --> 00:15:38,720
Speaker 3: to be rich?

313
00:15:39,240 --> 00:15:41,640
Speaker 1: Yeah, but I made at this point, I just want

314
00:15:41,680 --> 00:15:43,840
Speaker 1: to be okay, we.

315
00:15:43,880 --> 00:15:45,680
Speaker 3: Can work on that. We can work on that.

316
00:15:46,720 --> 00:15:49,360
Speaker 2: Just a quick break from Victoria to take a quick

317
00:15:49,440 --> 00:15:50,560
Speaker 2: break back in a moment.

318
00:15:58,280 --> 00:16:02,320
Speaker 1: You've had a very big change in your life earlier

319
00:16:02,360 --> 00:16:04,400
Speaker 1: this year. I did, Yeah, I did.

320
00:16:04,560 --> 00:16:06,680
Speaker 3: I had a baby, which is very fun.

321
00:16:07,200 --> 00:16:10,800
Speaker 1: It is we have two. We have one who's twenty

322
00:16:10,920 --> 00:16:11,360
Speaker 1: and one.

323
00:16:11,200 --> 00:16:15,440
Speaker 2: Who's five, and it is as it keeps going fun

324
00:16:15,800 --> 00:16:20,600
Speaker 2: and then it's glad or put this, there's a you

325
00:16:20,640 --> 00:16:23,560
Speaker 2: can't have the joy of parenting without oh my god,

326
00:16:23,680 --> 00:16:25,320
Speaker 2: parenting like both happen.

327
00:16:25,960 --> 00:16:27,600
Speaker 1: You can't have one without the other.

328
00:16:29,600 --> 00:16:32,320
Speaker 3: It's literally the best. Like why didn't anybody tell me?

329
00:16:32,480 --> 00:16:33,240
Speaker 1: It is everything?

330
00:16:33,560 --> 00:16:35,800
Speaker 2: So I do want to ask you as someone who

331
00:16:35,920 --> 00:16:38,320
Speaker 2: you know now as a financial advisor, as someone with

332
00:16:38,360 --> 00:16:42,200
Speaker 2: this you know, super successful podcast and you and you

333
00:16:42,200 --> 00:16:44,400
Speaker 2: would definitely understand that many people.

334
00:16:45,040 --> 00:16:47,320
Speaker 1: I did it myself. I don't want to have kids

335
00:16:47,400 --> 00:16:47,720
Speaker 1: just yet.

336
00:16:47,720 --> 00:16:53,000
Speaker 2: I don't feel like I'm financially ready. Now you've seen

337
00:16:53,040 --> 00:16:55,240
Speaker 2: what can happen and how slippery slope it can be

338
00:16:55,280 --> 00:16:59,120
Speaker 2: when you go into baby Bunnings. What would you say

339
00:16:59,600 --> 00:17:02,880
Speaker 2: about the idea that, oh, you know, what level of

340
00:17:02,880 --> 00:17:04,919
Speaker 2: financial ready is? Do you think do you think in

341
00:17:04,920 --> 00:17:08,640
Speaker 2: Australia you might realistically need to have versus what people

342
00:17:08,680 --> 00:17:09,679
Speaker 2: might think they need to have.

343
00:17:10,160 --> 00:17:13,440
Speaker 3: I think people assume when they're having kids that they

344
00:17:13,480 --> 00:17:16,719
Speaker 3: need hundreds of thousands of dollars. And I think that

345
00:17:16,880 --> 00:17:19,560
Speaker 3: in twenty twenty four we are all consumed and I

346
00:17:19,600 --> 00:17:21,520
Speaker 3: got caught up in this as well, with like all

347
00:17:21,560 --> 00:17:24,200
Speaker 3: this stuff that you need, like Osha, you're going to

348
00:17:24,280 --> 00:17:27,719
Speaker 3: need this new You're gonna need this fancy baby carrier.

349
00:17:27,920 --> 00:17:30,720
Speaker 3: You have to get the rolls, royceive prams like what

350
00:17:30,720 --> 00:17:33,080
Speaker 3: are you going to do give birth in the public system?

351
00:17:33,160 --> 00:17:35,639
Speaker 3: Absolutely not, You've got to give birth in the private system.

352
00:17:36,040 --> 00:17:40,200
Speaker 3: We are so lucky in Australia our public system is elite.

353
00:17:40,600 --> 00:17:43,560
Speaker 3: Like technically here in Australia you can have a baby

354
00:17:43,600 --> 00:17:46,840
Speaker 3: for zero dollars. That doesn't mean that you want zero

355
00:17:46,920 --> 00:17:49,720
Speaker 3: dollars to have a baby. Like, if we're able to plan,

356
00:17:50,400 --> 00:17:53,600
Speaker 3: having a healthy emergency fund is really helpful. But I

357
00:17:53,600 --> 00:17:55,720
Speaker 3: think we also should be taking a bit of a

358
00:17:55,760 --> 00:17:58,440
Speaker 3: step back and going, we don't need all this stuff.

359
00:17:58,920 --> 00:18:01,439
Speaker 3: Like I think that I got swept up in that. So,

360
00:18:01,560 --> 00:18:04,040
Speaker 3: like I was the mum, I did buy this neow yosher.

361
00:18:04,160 --> 00:18:07,919
Speaker 3: I have a very fancy pram. But as time goes on,

362
00:18:08,080 --> 00:18:10,680
Speaker 3: and you know, Harvey is now nearly nine months old,

363
00:18:11,080 --> 00:18:13,000
Speaker 3: I look at it and I go, you just need

364
00:18:13,080 --> 00:18:16,240
Speaker 3: somewhere safe and warm for them to sleep. You need

365
00:18:16,280 --> 00:18:18,600
Speaker 3: a source of food for them and some nappies and

366
00:18:18,640 --> 00:18:20,879
Speaker 3: will be all good. Like I think we need to

367
00:18:20,920 --> 00:18:23,879
Speaker 3: take the pressure off and then focus on us. So

368
00:18:23,960 --> 00:18:26,080
Speaker 3: it's not what the baby needs, it's what we need.

369
00:18:26,320 --> 00:18:28,679
Speaker 3: So like, what are you doing with work? Have you

370
00:18:28,720 --> 00:18:32,239
Speaker 3: thought about your superannuation? Have you thought about, you know,

371
00:18:32,320 --> 00:18:36,119
Speaker 3: an emergency fund? What does an emergency look like to you? Like,

372
00:18:36,160 --> 00:18:39,520
Speaker 3: if you've got a really big mortgage, maybe you need

373
00:18:39,560 --> 00:18:42,840
Speaker 3: a really really healthy emergency fund. But if you don't

374
00:18:42,880 --> 00:18:46,040
Speaker 3: and you're renting, and maybe there's nothing in your life

375
00:18:46,080 --> 00:18:48,560
Speaker 3: that you're like, oh, vot, I wouldn't need that much.

376
00:18:48,880 --> 00:18:52,160
Speaker 3: It can be different because three months worth of expenses

377
00:18:52,200 --> 00:18:54,919
Speaker 3: is what I recommend for an emergency fund, and then

378
00:18:54,920 --> 00:18:56,800
Speaker 3: if you're planning on a baby, like bump it up

379
00:18:56,800 --> 00:19:00,920
Speaker 3: a little bit more. But I think that today we

380
00:19:00,960 --> 00:19:04,320
Speaker 3: get fed a lot of these are things you absolutely need,

381
00:19:04,720 --> 00:19:07,880
Speaker 3: when in reality that's not the truth. But I think

382
00:19:07,920 --> 00:19:09,960
Speaker 3: that we also need to be making sure that we're

383
00:19:09,960 --> 00:19:12,640
Speaker 3: not pouring from an empty cup. Just make sure you're

384
00:19:12,680 --> 00:19:15,639
Speaker 3: financially okay before you buy the fancy baby outfits.

385
00:19:16,240 --> 00:19:21,240
Speaker 2: Talk about getting financial gain out of vulnerable people actually cook.

386
00:19:21,359 --> 00:19:26,040
Speaker 2: The linen shirted Instagram shop scenario is just oh my

387
00:19:26,160 --> 00:19:26,760
Speaker 2: goodness me.

388
00:19:27,280 --> 00:19:28,280
Speaker 1: So I will say this.

389
00:19:28,520 --> 00:19:30,920
Speaker 2: The snow that we got for Wolfee, we did a

390
00:19:30,960 --> 00:19:33,520
Speaker 2: gig for them and so we but our snow, I

391
00:19:33,520 --> 00:19:35,760
Speaker 2: think it's now had nine kids through it in five

392
00:19:35,840 --> 00:19:36,640
Speaker 2: years we've done.

393
00:19:36,640 --> 00:19:40,040
Speaker 3: The same is already off. I've said her free. She's

394
00:19:40,080 --> 00:19:42,680
Speaker 3: with one of my other girlfriends and you know, after

395
00:19:42,760 --> 00:19:45,879
Speaker 3: Christmas she's going to another Like it's it's the Sisterhood

396
00:19:45,880 --> 00:19:47,000
Speaker 3: of the Traveling snow.

397
00:19:47,800 --> 00:19:48,359
Speaker 1: It really is.

398
00:19:48,480 --> 00:19:52,439
Speaker 2: And the amount of unbelievable stuff you could pick up

399
00:19:52,440 --> 00:19:56,959
Speaker 2: on gum Tree for not a lot at all is incredible.

400
00:19:58,080 --> 00:19:58,760
Speaker 3: It's a place.

401
00:19:58,800 --> 00:20:03,200
Speaker 2: It's sixteen hundred dollars Wooden, Swedish design cot. I went,

402
00:20:03,280 --> 00:20:04,960
Speaker 2: I stood there in baby Buddings and went, hang on

403
00:20:05,000 --> 00:20:08,280
Speaker 2: a minute, there's one for four hundred bucks in Lynnfield

404
00:20:09,520 --> 00:20:10,240
Speaker 2: in the car.

405
00:20:12,080 --> 00:20:12,480
Speaker 1: Got it?

406
00:20:12,760 --> 00:20:15,199
Speaker 3: How did the person having that picked up by you

407
00:20:15,480 --> 00:20:17,600
Speaker 3: go oh obious in my driveway?

408
00:20:18,160 --> 00:20:20,920
Speaker 1: It was Lynnfield. They didn't know who I was. It

409
00:20:21,520 --> 00:20:21,960
Speaker 1: was fired.

410
00:20:22,280 --> 00:20:24,680
Speaker 2: And thank you for being open about how much money

411
00:20:24,680 --> 00:20:27,040
Speaker 2: we think we might need to have a child, because

412
00:20:27,040 --> 00:20:29,639
Speaker 2: it is definitely one of those things that stops people

413
00:20:29,680 --> 00:20:33,280
Speaker 2: from pulling the goalie side to speak. But look, honestly,

414
00:20:33,320 --> 00:20:35,760
Speaker 2: you just figure it out, like everything, you figure it

415
00:20:35,800 --> 00:20:36,560
Speaker 2: out exactly.

416
00:20:37,040 --> 00:20:38,040
Speaker 1: You've got the steaks.

417
00:20:38,119 --> 00:20:41,040
Speaker 2: Once the steaks are high, like, well the kid needs

418
00:20:41,080 --> 00:20:44,800
Speaker 2: to eat, all right, We'll sort it out and it.

419
00:20:44,720 --> 00:20:47,639
Speaker 3: Doesn't have to be that complicated. I think that nowadays

420
00:20:47,640 --> 00:20:50,920
Speaker 3: there's like six million parenting books and we're all trying

421
00:20:50,960 --> 00:20:52,560
Speaker 3: to do the right thing right, Like I want to

422
00:20:52,560 --> 00:20:55,199
Speaker 3: be the best mum that I absolutely can be. But

423
00:20:55,280 --> 00:20:57,880
Speaker 3: I promise you it's not a parenting book that's going

424
00:20:57,920 --> 00:21:00,320
Speaker 3: to teach you that. Like, it's not the snoop. Don't

425
00:21:00,320 --> 00:21:04,120
Speaker 3: get me wrong. I have a very committed relationship with

426
00:21:04,160 --> 00:21:07,919
Speaker 3: my snow, but that is definitely your privilege. It's not

427
00:21:08,080 --> 00:21:10,320
Speaker 3: something that I need it. And if I couldn't afford

428
00:21:10,359 --> 00:21:12,520
Speaker 3: the snow and I didn't get it, my baby would

429
00:21:12,560 --> 00:21:15,320
Speaker 3: have been absolutely fine, so would have we. It's just

430
00:21:15,359 --> 00:21:19,000
Speaker 3: one of those luxury purchases that I was very lucky

431
00:21:19,040 --> 00:21:20,719
Speaker 3: to be able to afford. But I think we need

432
00:21:20,760 --> 00:21:23,640
Speaker 3: to go back to seeing these things as luxury purchases,

433
00:21:24,000 --> 00:21:27,280
Speaker 3: Like there seems to be this underlying idea that that's

434
00:21:27,600 --> 00:21:31,600
Speaker 3: an expectation. Now you actually need to have these things,

435
00:21:31,720 --> 00:21:34,600
Speaker 3: you don't need them. But does it make your life

436
00:21:34,600 --> 00:21:38,160
Speaker 3: a little bit easier. Absolutely it does, but it's not essential.

437
00:21:39,480 --> 00:21:42,639
Speaker 2: As someone who studied psychology, I'm quite interested to notice

438
00:21:43,040 --> 00:21:47,800
Speaker 2: or you know that it's well and truly shown that

439
00:21:47,880 --> 00:21:50,000
Speaker 2: you're experience in the first five ten years of your

440
00:21:50,040 --> 00:21:54,919
Speaker 2: life without you actually going back in there and doing

441
00:21:54,960 --> 00:21:57,000
Speaker 2: some work on it can shape a lot of your choices,

442
00:21:57,000 --> 00:21:59,240
Speaker 2: your subconscious choices, and have you in places that are

443
00:21:59,280 --> 00:22:01,840
Speaker 2: either good or not for you, and you maybe sometimes

444
00:22:01,840 --> 00:22:04,359
Speaker 2: can't figure out why because this is you're just simply

445
00:22:04,400 --> 00:22:06,879
Speaker 2: repeating the behavior that was modeled to you by your

446
00:22:06,880 --> 00:22:09,679
Speaker 2: family of origin, but that that can hamp That can

447
00:22:09,880 --> 00:22:13,920
Speaker 2: happen as well with finances. Sometimes with psychology, it's very

448
00:22:13,920 --> 00:22:17,280
Speaker 2: difficult to kind of break down people's reaction to threat

449
00:22:17,480 --> 00:22:21,640
Speaker 2: or intimacy or stuff like that. As someone who's worked

450
00:22:21,680 --> 00:22:23,360
Speaker 2: in this space for a long time, do you find

451
00:22:23,400 --> 00:22:28,719
Speaker 2: it tricky sometimes to rewire people's brains around money and

452
00:22:28,760 --> 00:22:31,120
Speaker 2: scarcity and fear of not having enough.

453
00:22:31,000 --> 00:22:33,679
Speaker 1: Or spending like it's not never going to stop.

454
00:22:35,520 --> 00:22:40,000
Speaker 3: And I think it's important here to note that money

455
00:22:40,080 --> 00:22:44,600
Speaker 3: is inherently emotional, like money is inherently tied to how

456
00:22:44,640 --> 00:22:48,400
Speaker 3: you value things, your thoughts, your feelings, your beliefs, your behaviors.

457
00:22:48,560 --> 00:22:52,080
Speaker 3: Like my background is also in psychology. I was silly

458
00:22:52,160 --> 00:22:54,840
Speaker 3: enough to do two psych degrees before realizing I actually

459
00:22:54,880 --> 00:22:57,520
Speaker 3: wanted to be a financial advisor, so I have a

460
00:22:57,560 --> 00:23:02,000
Speaker 3: really nice CIX step still. But the more that I

461
00:23:02,119 --> 00:23:04,720
Speaker 3: get into this space, the more I realize I don't

462
00:23:04,760 --> 00:23:07,120
Speaker 3: really use my finance degrees as much as I use

463
00:23:07,160 --> 00:23:10,919
Speaker 3: my psychology degrees. So your money story to me is

464
00:23:10,960 --> 00:23:14,000
Speaker 3: the most important thing for you to understand, so how

465
00:23:14,040 --> 00:23:16,119
Speaker 3: you think about money, how you feel about it, like

466
00:23:16,160 --> 00:23:18,280
Speaker 3: where did those things come from? Because you're right, they

467
00:23:18,359 --> 00:23:22,720
Speaker 3: can be really subconscious, but your money story starts becoming

468
00:23:22,920 --> 00:23:26,960
Speaker 3: concrete from the age of seven. And these money stories

469
00:23:26,960 --> 00:23:29,199
Speaker 3: are things that you tell yourself or things that you

470
00:23:29,240 --> 00:23:31,879
Speaker 3: believe that might be true or might not be true,

471
00:23:32,320 --> 00:23:35,000
Speaker 3: but it might be why you know, you go to

472
00:23:35,040 --> 00:23:37,040
Speaker 3: brunch right and you just always you go for the

473
00:23:37,080 --> 00:23:40,840
Speaker 3: cheapest thing on the menu, and you're actually fine financially,

474
00:23:40,960 --> 00:23:43,600
Speaker 3: like bags, you can afford the eggs Benny, but you

475
00:23:43,680 --> 00:23:45,760
Speaker 3: never get it. You always just get, you know, some

476
00:23:45,880 --> 00:23:47,840
Speaker 3: toast with some eggs on it, because in your head

477
00:23:47,880 --> 00:23:50,280
Speaker 3: that's the cheap option. But we've never really thought about

478
00:23:50,320 --> 00:23:53,560
Speaker 3: why we make that decision, or maybe you find it

479
00:23:53,680 --> 00:23:55,920
Speaker 3: really icky when you're out at dinner with a couple

480
00:23:55,960 --> 00:23:57,960
Speaker 3: of friends and they go, oh, I really want to

481
00:23:57,960 --> 00:24:00,399
Speaker 3: split it evenly, and you go, oh my god, but

482
00:24:00,440 --> 00:24:03,159
Speaker 3: I only want to pay for my section or vice versa,

483
00:24:03,520 --> 00:24:06,080
Speaker 3: and you're like, oh, well, why isn't she why she's

484
00:24:06,080 --> 00:24:09,040
Speaker 3: so why she's so stingy, why's victoria? I want to

485
00:24:09,040 --> 00:24:11,520
Speaker 3: split it by what she ate instead of just splitting

486
00:24:11,520 --> 00:24:14,959
Speaker 3: it evenly, which is easier for everyone. Like, all of

487
00:24:15,000 --> 00:24:17,959
Speaker 3: these things come from your money story and how you

488
00:24:18,000 --> 00:24:21,439
Speaker 3: grew up around money. So whether you grew up super

489
00:24:21,440 --> 00:24:25,640
Speaker 3: wealthy or you grew up when money was really scarce,

490
00:24:26,119 --> 00:24:28,440
Speaker 3: that is going to shape how you feel about it.

491
00:24:28,480 --> 00:24:32,480
Speaker 3: And like, I've got people in my community, and so

492
00:24:32,600 --> 00:24:35,359
Speaker 3: many of them having a hard time with money because

493
00:24:35,400 --> 00:24:37,320
Speaker 3: of the way that they grew up around it. So

494
00:24:37,400 --> 00:24:40,160
Speaker 3: like I was recently talking to somebody who grew up

495
00:24:40,400 --> 00:24:43,920
Speaker 3: super wealthy, Like super wealthy. Everything was given to her

496
00:24:43,960 --> 00:24:48,040
Speaker 3: basically on a golden platter, and now she's in so

497
00:24:48,240 --> 00:24:51,720
Speaker 3: much credit card debt because she tried. She just kept

498
00:24:51,800 --> 00:24:54,760
Speaker 3: up with that spending cycle when she moved out of

499
00:24:54,800 --> 00:24:59,000
Speaker 3: home and it never hurt. So like, she was never

500
00:24:59,000 --> 00:25:01,680
Speaker 3: anxious about a credit card because she'd seen mom and

501
00:25:01,760 --> 00:25:05,879
Speaker 3: dad use credit cards her entire life without any negative repercussions.

502
00:25:06,160 --> 00:25:08,560
Speaker 3: So when she became an adult and got her credit cards,

503
00:25:08,640 --> 00:25:11,639
Speaker 3: she's like, oh, that one stopped working, I'm just going

504
00:25:11,680 --> 00:25:14,560
Speaker 3: to get a new one. That's fine. And now she's

505
00:25:14,640 --> 00:25:18,359
Speaker 3: in very much debt. But you can see how that

506
00:25:18,440 --> 00:25:22,200
Speaker 3: might happen. And it's only on reflection where we go. Babe,

507
00:25:22,280 --> 00:25:25,000
Speaker 3: how have you gotten here? And it's not judgment for me,

508
00:25:25,080 --> 00:25:27,840
Speaker 3: it's like, let's work it out, because I can get

509
00:25:27,840 --> 00:25:30,240
Speaker 3: you out of that situation, but only you can keep

510
00:25:30,280 --> 00:25:32,760
Speaker 3: yourself out of that situation if I fix all of

511
00:25:32,760 --> 00:25:35,600
Speaker 3: this and then you go along and sending isn't painful.

512
00:25:35,960 --> 00:25:38,280
Speaker 3: G you know, we're gonna end up back in debt,

513
00:25:38,680 --> 00:25:41,800
Speaker 3: so I think we need to understand that. And even

514
00:25:41,920 --> 00:25:45,600
Speaker 3: just asking yourself questions like what's your first memory about money,

515
00:25:45,760 --> 00:25:49,120
Speaker 3: like what do you remember? And like for me, oh

516
00:25:49,160 --> 00:25:55,119
Speaker 3: my gosh, I remember really being worried about taking the

517
00:25:55,480 --> 00:25:58,400
Speaker 3: excursion form out of my school bag when we were

518
00:25:58,440 --> 00:26:01,679
Speaker 3: in grade three, Like you know, I'd hear mom and

519
00:26:01,720 --> 00:26:04,080
Speaker 3: dad talking about money, and it had been sitting in

520
00:26:04,080 --> 00:26:05,959
Speaker 3: the bottom of my school bag for a while, but

521
00:26:06,000 --> 00:26:07,840
Speaker 3: it was due the next day and I think I

522
00:26:07,880 --> 00:26:10,280
Speaker 3: needed like some cash or something for it, and I

523
00:26:10,359 --> 00:26:13,399
Speaker 3: remember just being so anxious to bring it up with

524
00:26:13,480 --> 00:26:16,560
Speaker 3: mum and dad because I'd heard them talking about money

525
00:26:16,720 --> 00:26:19,320
Speaker 3: the week before, and that just didn't feel like a

526
00:26:19,400 --> 00:26:21,720
Speaker 3: thing I should do. Felt a bit icky, And then

527
00:26:21,760 --> 00:26:23,879
Speaker 3: you know what happened, Osha, I got in trouble from

528
00:26:23,960 --> 00:26:26,600
Speaker 3: my mum because she was like Victoria, why didn't you

529
00:26:26,600 --> 00:26:29,639
Speaker 3: give us this earlier? Rah rah? But the reality is

530
00:26:29,960 --> 00:26:31,920
Speaker 3: sat in the bottom of my bag because I didn't

531
00:26:32,000 --> 00:26:34,679
Speaker 3: know how to have that conversation. And it's only in

532
00:26:35,040 --> 00:26:37,879
Speaker 3: reflection that I go, oh, my gosh, that's one of

533
00:26:37,920 --> 00:26:40,520
Speaker 3: those like defining points around money, isn't.

534
00:26:40,280 --> 00:26:43,240
Speaker 2: It, Like even the parents that got the parents of

535
00:26:43,280 --> 00:26:45,199
Speaker 2: your mate who ended up in a lot of trouble.

536
00:26:45,480 --> 00:26:47,320
Speaker 2: You know, you work really hard. Good for you, you

537
00:26:47,760 --> 00:26:51,040
Speaker 2: created a big business, you scaled. You can provide your

538
00:26:51,119 --> 00:26:55,200
Speaker 2: daughter with everything. No parent wants to put an adult

539
00:26:55,240 --> 00:26:57,639
Speaker 2: out in the world that is going to be vulnerable

540
00:26:58,080 --> 00:27:02,200
Speaker 2: to any kind of problems, you know, emotional, financial, or whatever.

541
00:27:02,240 --> 00:27:05,600
Speaker 1: But here she is. So when do we start talking

542
00:27:05,600 --> 00:27:06,360
Speaker 1: to our kids.

543
00:27:06,160 --> 00:27:10,040
Speaker 2: About about money, about work, about the value of saving

544
00:27:10,280 --> 00:27:11,760
Speaker 2: or being careful how he's been.

545
00:27:12,560 --> 00:27:16,840
Speaker 3: I think that that's where my answer is always. But

546
00:27:17,000 --> 00:27:19,320
Speaker 3: it has to be age appropriate. So you're not going

547
00:27:19,400 --> 00:27:21,840
Speaker 3: to sit your six year old down and be like, okay,

548
00:27:22,400 --> 00:27:25,679
Speaker 3: so mummy earns one hundred thousand dollars and daddy earns

549
00:27:25,720 --> 00:27:28,280
Speaker 3: eighty thousand dollars, and this is how much the mortgage is.

550
00:27:28,760 --> 00:27:31,920
Speaker 3: It's always about starting small. So like if you're in

551
00:27:31,960 --> 00:27:35,720
Speaker 3: the supermarket and your kids like, I want these musli bars. Okay, Well,

552
00:27:35,720 --> 00:27:38,560
Speaker 3: maybe we need to be having budget conversations and before

553
00:27:38,560 --> 00:27:40,880
Speaker 3: we get to the supermarket, go okay, this week, we've

554
00:27:40,880 --> 00:27:43,360
Speaker 3: got a budget of twenty dollars for snacks, So it's

555
00:27:43,440 --> 00:27:45,840
Speaker 3: your job to find the snacks you want to fit

556
00:27:45,880 --> 00:27:49,200
Speaker 3: in the budget. And maybe they want the bougie Muslei bars.

557
00:27:49,320 --> 00:27:50,840
Speaker 3: I don't know why I Washa, but like why I'm

558
00:27:50,880 --> 00:27:53,720
Speaker 3: musleibars twelve dollars. Now you can have one box of

559
00:27:53,720 --> 00:27:56,119
Speaker 3: these and some fruit, or you could get like the

560
00:27:56,200 --> 00:27:58,239
Speaker 3: home brand version, and you could get a couple of

561
00:27:58,280 --> 00:28:01,800
Speaker 3: different snack options and they fit in. So I think

562
00:28:01,840 --> 00:28:07,200
Speaker 3: it's about talking to your kids about age appropriate money topics,

563
00:28:07,359 --> 00:28:10,800
Speaker 3: but also getting them involved. So like, if people are

564
00:28:10,800 --> 00:28:13,720
Speaker 3: talking about stuff and it's just in passing, that doesn't

565
00:28:13,720 --> 00:28:16,240
Speaker 3: mean you're going to absorb it, but get them involved

566
00:28:16,240 --> 00:28:18,840
Speaker 3: in the decision making. So, whether that's the groceries or

567
00:28:19,160 --> 00:28:21,399
Speaker 3: maybe it's about Okay, one night a week, we're going

568
00:28:21,440 --> 00:28:24,160
Speaker 3: to try and you know, do dinner for fifteen dollars,

569
00:28:24,200 --> 00:28:26,320
Speaker 3: Like how do we do that? You'll have the kids

570
00:28:26,400 --> 00:28:28,960
Speaker 3: online looking up recipes and working out what they can

571
00:28:28,960 --> 00:28:31,560
Speaker 3: cook and then probably being shocked that red meat is

572
00:28:31,600 --> 00:28:34,080
Speaker 3: not an option for that meal. And then I think

573
00:28:34,119 --> 00:28:37,040
Speaker 3: that teaches them a lot about how things are going

574
00:28:37,080 --> 00:28:40,080
Speaker 3: to come to fruition. If you're going on a family holiday,

575
00:28:40,440 --> 00:28:44,680
Speaker 3: we don't have to tell them the whole budget, but like, okay, kids,

576
00:28:45,200 --> 00:28:47,480
Speaker 3: what is our spending every day going to look like?

577
00:28:47,600 --> 00:28:49,360
Speaker 3: We have to, you know, do an extra budget because

578
00:28:49,360 --> 00:28:52,480
Speaker 3: we're going to be eating out. Like kids love control,

579
00:28:52,720 --> 00:28:56,040
Speaker 3: kids love being given the reins. Kids adore this. And

580
00:28:56,080 --> 00:28:58,680
Speaker 3: there are so many ways that you can get kids

581
00:28:58,720 --> 00:29:02,720
Speaker 3: involved that don't involved going okay, cool, Mommy Earns X

582
00:29:02,720 --> 00:29:05,080
Speaker 3: and Daddy Earns White. And I think so many times

583
00:29:05,360 --> 00:29:07,640
Speaker 3: we assume that to talk about money, we have to

584
00:29:07,640 --> 00:29:09,840
Speaker 3: get real deep, real quick, and we don't.

585
00:29:10,680 --> 00:29:12,920
Speaker 2: We managed to get g We changed schools when she

586
00:29:13,000 --> 00:29:14,840
Speaker 2: was in grade eight. It was we're really lucky about

587
00:29:14,880 --> 00:29:17,120
Speaker 2: that because it served her very very well.

588
00:29:17,360 --> 00:29:19,280
Speaker 1: But we're able to center to the school.

589
00:29:19,320 --> 00:29:21,840
Speaker 2: We lived in an apartment at the time, and you know,

590
00:29:21,880 --> 00:29:23,400
Speaker 2: she made new friends and such, and as we go

591
00:29:23,400 --> 00:29:26,640
Speaker 2: to somewhere, she came home one day twelve thirteen years old,

592
00:29:26,840 --> 00:29:28,800
Speaker 2: how come we don't have a lift in our house?

593
00:29:29,760 --> 00:29:33,320
Speaker 1: And she wasn't being you know, she wasn't time. She

594
00:29:33,400 --> 00:29:33,920
Speaker 1: was just being.

595
00:29:33,800 --> 00:29:34,920
Speaker 3: Really honest, wondering.

596
00:29:35,520 --> 00:29:36,320
Speaker 1: She was just wondering.

597
00:29:36,920 --> 00:29:41,560
Speaker 2: And I'm like, well, we're both immigrants, and you know

598
00:29:41,880 --> 00:29:44,520
Speaker 2: both your grandma and grandpa were immigrants, and you know

599
00:29:44,800 --> 00:29:46,880
Speaker 2: that sort of people often arrived with not a lot

600
00:29:47,000 --> 00:29:50,040
Speaker 2: or nothing, and what we have is what we've built

601
00:29:50,080 --> 00:29:52,560
Speaker 2: in that time. But people like, for example, who live

602
00:29:52,560 --> 00:29:54,880
Speaker 2: in that part of the city of Sydney, I don't know,

603
00:29:55,240 --> 00:29:59,120
Speaker 2: maybe their mum or dad has been you know, that's

604
00:29:59,120 --> 00:30:01,800
Speaker 2: the seventeenth ho us in that suburb, their families owned.

605
00:30:02,200 --> 00:30:04,600
Speaker 2: You know, time was that great line. Time in the

606
00:30:04,640 --> 00:30:07,560
Speaker 2: market beats timing the market. You know, the amount of

607
00:30:07,600 --> 00:30:11,920
Speaker 2: time that your family has had as exposure to either

608
00:30:11,920 --> 00:30:16,080
Speaker 2: the workforce or you know, the marketplace or the property

609
00:30:16,080 --> 00:30:17,920
Speaker 2: market or the real estate or the stock market whatever,

610
00:30:18,840 --> 00:30:22,520
Speaker 2: that will be a really great idea or a really

611
00:30:22,520 --> 00:30:25,040
Speaker 2: great business idea every time, which is.

612
00:30:25,000 --> 00:30:28,280
Speaker 3: Really annoying for us. Softsure, we've got to make it ourselves,

613
00:30:28,280 --> 00:30:31,240
Speaker 3: but it turns out that even working our butts off

614
00:30:31,320 --> 00:30:33,280
Speaker 3: isn't getting lifts in our houses.

615
00:30:34,240 --> 00:30:36,920
Speaker 2: That's okay, it was I'll never forget her face though.

616
00:30:36,960 --> 00:30:39,440
Speaker 2: When she started first working in retail, and she saw

617
00:30:39,440 --> 00:30:42,000
Speaker 2: the pace slip and she knew how much money she

618
00:30:42,040 --> 00:30:43,600
Speaker 2: made an hour, but when she saw how much the

619
00:30:43,600 --> 00:30:46,680
Speaker 2: poyg got taken out look on her face and you know,

620
00:30:46,800 --> 00:30:50,040
Speaker 2: me and her mom and her grandparents, she was like,

621
00:30:50,560 --> 00:30:52,320
Speaker 2: We're like, yeah.

622
00:30:52,040 --> 00:30:56,560
Speaker 1: That's actually really like make it stop. It's like, sorry, sorry, kid.

623
00:30:56,680 --> 00:30:59,440
Speaker 3: Sorry about waiting. Twelve dollars an hour actually becomes far

624
00:30:59,560 --> 00:31:01,600
Speaker 3: less is.

625
00:31:01,560 --> 00:31:02,080
Speaker 1: It is true?

626
00:31:02,120 --> 00:31:04,480
Speaker 2: But seeing her work ethic now is seeing the way

627
00:31:04,520 --> 00:31:06,080
Speaker 2: that she saves.

628
00:31:05,800 --> 00:31:08,800
Speaker 1: Money now is one of the great joys of my life.

629
00:31:09,200 --> 00:31:11,840
Speaker 2: It's kind of uncommon though, in her cohort of people

630
00:31:11,800 --> 00:31:16,120
Speaker 2: who work that hard. And I'm wondering if you noticed

631
00:31:16,760 --> 00:31:19,400
Speaker 2: a bit of that throughout the contact with the people

632
00:31:19,400 --> 00:31:21,120
Speaker 2: who listen to your podcast and the contact with people

633
00:31:21,120 --> 00:31:24,080
Speaker 2: who read your books, that there's a kind of difference

634
00:31:24,120 --> 00:31:26,120
Speaker 2: in an approach to work ethic and approach to risk

635
00:31:26,160 --> 00:31:26,840
Speaker 2: in this country.

636
00:31:27,120 --> 00:31:31,240
Speaker 3: I think there absolutely is. And I don't want to

637
00:31:31,280 --> 00:31:34,920
Speaker 3: say it's a generational thing. I think it's actually a

638
00:31:34,960 --> 00:31:38,880
Speaker 3: technology and a living in twenty twenty four thing. Historically,

639
00:31:39,080 --> 00:31:42,960
Speaker 3: delayed gratification was something that we all had to experience, right.

640
00:31:43,360 --> 00:31:46,280
Speaker 3: It was you know, you couldn't just immediately jump online

641
00:31:46,480 --> 00:31:48,520
Speaker 3: and see your friends, or you know, if you wanted

642
00:31:48,560 --> 00:31:50,000
Speaker 3: to go to a bar, you couldn't pick up the

643
00:31:50,000 --> 00:31:51,520
Speaker 3: phone and be like, hey mate, are you around the corner.

644
00:31:51,840 --> 00:31:55,120
Speaker 3: Let's grabe a dream Like it took so much more energy.

645
00:31:55,240 --> 00:31:59,040
Speaker 3: And I think now when I could order something online, Orsha,

646
00:31:59,160 --> 00:32:02,600
Speaker 3: and it could arise this afternoon. We just want everything

647
00:32:02,720 --> 00:32:06,560
Speaker 3: right now instead of waiting and building. And I think

648
00:32:06,600 --> 00:32:08,920
Speaker 3: that there seems to be this idea that it will

649
00:32:08,920 --> 00:32:11,240
Speaker 3: be given to us. I mean, we've all seen six

650
00:32:11,280 --> 00:32:14,480
Speaker 3: million influences online where you're like, they're the same age

651
00:32:14,480 --> 00:32:16,560
Speaker 3: as me, how do they have all of this stuff?

652
00:32:16,560 --> 00:32:20,160
Speaker 3: And instead of working hard and seeing work ethic, you

653
00:32:20,240 --> 00:32:23,120
Speaker 3: get resentful. And I think that there needs to be

654
00:32:23,160 --> 00:32:27,360
Speaker 3: a mindset shift around what hard work looks like and honestly,

655
00:32:27,400 --> 00:32:30,240
Speaker 3: what reality looks like. Like Osha, it is not normal

656
00:32:30,560 --> 00:32:33,840
Speaker 3: to buy a new dress every single time you go

657
00:32:33,960 --> 00:32:37,200
Speaker 3: out on the weekend, Like that is a terrible financial

658
00:32:37,240 --> 00:32:41,320
Speaker 3: decision and most normal people aren't buying a new outfit.

659
00:32:41,480 --> 00:32:44,000
Speaker 3: In fact, the average Australian and this is probably me

660
00:32:44,120 --> 00:32:48,160
Speaker 3: going off on a tangent, the average Australian spends two

661
00:32:48,240 --> 00:32:52,160
Speaker 3: hundred and fifty dollars a year on clothing, like what.

662
00:32:53,640 --> 00:32:56,200
Speaker 3: I can't say that I relate to that, and I

663
00:32:56,280 --> 00:32:59,320
Speaker 3: know that that's showing immense privilege. But I think so

664
00:32:59,440 --> 00:33:01,160
Speaker 3: many of us go, oh, we have to keep up

665
00:33:01,160 --> 00:33:03,000
Speaker 3: with the next trend and with fast fashion and with

666
00:33:03,080 --> 00:33:08,360
Speaker 3: everything going on that has filtered into this idea that

667
00:33:08,560 --> 00:33:11,480
Speaker 3: we should have had it now, and why bother if

668
00:33:11,480 --> 00:33:13,479
Speaker 3: it's going to take ten plus years to work up

669
00:33:13,520 --> 00:33:16,600
Speaker 3: to it. And I think that, yeah, there is definitely

670
00:33:16,640 --> 00:33:18,840
Speaker 3: an issue with work. I think there is definitely an

671
00:33:18,920 --> 00:33:24,520
Speaker 3: issue with people wanting instant gratification instead of delayed gratification

672
00:33:24,680 --> 00:33:27,040
Speaker 3: and working hard for it. But I also think that

673
00:33:27,120 --> 00:33:30,000
Speaker 3: it's harder to see that in twenty twenty four than

674
00:33:30,040 --> 00:33:32,320
Speaker 3: it was from your dad who went to work every

675
00:33:32,400 --> 00:33:34,360
Speaker 3: day or your mum who went to work every day.

676
00:33:35,080 --> 00:33:38,240
Speaker 3: Like it's just so more, so, much more prevalent these

677
00:33:38,320 --> 00:33:40,840
Speaker 3: days that people just have it all and seem to

678
00:33:40,840 --> 00:33:41,640
Speaker 3: have it immediately.

679
00:33:42,400 --> 00:33:45,360
Speaker 2: There was a time when credit cards first showed up

680
00:33:45,440 --> 00:33:48,320
Speaker 2: in as so far as day to day goes in

681
00:33:48,840 --> 00:33:53,840
Speaker 2: I remember, and the idea of memorizing sixty digits was crazy,

682
00:33:54,080 --> 00:33:56,200
Speaker 2: all right, And so there was a trick that people

683
00:33:56,280 --> 00:33:57,600
Speaker 2: used to talk about. It's like, I know, simply you

684
00:33:57,600 --> 00:34:00,640
Speaker 2: just put your credit card inside of you know, take contain.

685
00:34:00,440 --> 00:34:02,680
Speaker 1: A full of water, put it in your freezer so

686
00:34:02,960 --> 00:34:04,640
Speaker 1: you want to use it.

687
00:34:05,080 --> 00:34:07,080
Speaker 2: There's no electronic thing. Actually had to take it down

688
00:34:07,080 --> 00:34:09,000
Speaker 2: and run it through a machine. So you had to

689
00:34:09,040 --> 00:34:12,759
Speaker 2: wait hours, if not days to get this thing so

690
00:34:12,800 --> 00:34:15,560
Speaker 2: you could run it through the machine, had a little

691
00:34:16,120 --> 00:34:18,880
Speaker 2: carbon copy thing on it. How does one work on

692
00:34:18,960 --> 00:34:23,279
Speaker 2: delaying gratification in this time of auto fills and you

693
00:34:23,360 --> 00:34:26,319
Speaker 2: know your phone remembers or your numbers and everything.

694
00:34:26,080 --> 00:34:27,360
Speaker 1: That we only have to remember three numbers on the

695
00:34:27,400 --> 00:34:29,640
Speaker 1: back of the car. That's it. So how do we

696
00:34:29,680 --> 00:34:31,040
Speaker 1: work on delaying that gratification?

697
00:34:31,520 --> 00:34:33,759
Speaker 3: I just do Apple pay every time because oh I

698
00:34:33,760 --> 00:34:36,640
Speaker 3: can't be bothered or remembering those three numbers. So often

699
00:34:36,680 --> 00:34:39,520
Speaker 3: if the website's not taking apple pay, I didn't buy it.

700
00:34:40,680 --> 00:34:43,400
Speaker 3: So I would want to do as I say, not

701
00:34:43,480 --> 00:34:46,279
Speaker 3: as I do finance expert. But I think that that's

702
00:34:46,320 --> 00:34:50,680
Speaker 3: important because it's so important to go back to basics.

703
00:34:51,000 --> 00:34:54,279
Speaker 3: So for me, I am consistently telling my community you

704
00:34:54,320 --> 00:34:56,680
Speaker 3: can have it, but can we put twenty four hours

705
00:34:56,680 --> 00:34:59,720
Speaker 3: between you and your spending so if you want it, great,

706
00:35:00,080 --> 00:35:02,760
Speaker 3: let's not buy it today. I'm not saying no, because

707
00:35:02,760 --> 00:35:04,719
Speaker 3: I think that so many times people are like no,

708
00:35:04,920 --> 00:35:08,840
Speaker 3: because that feels like I'm missing out. Let's just pop

709
00:35:08,880 --> 00:35:10,960
Speaker 3: a note in your phone and if you still want

710
00:35:10,960 --> 00:35:12,440
Speaker 3: it tomorrow, we can go back to it. And I

711
00:35:12,440 --> 00:35:15,160
Speaker 3: can guarantee nine times out of tenurely that was an

712
00:35:15,160 --> 00:35:18,280
Speaker 3: impulse purchase. I don't need that, but it's a nice

713
00:35:18,400 --> 00:35:25,359
Speaker 3: way of not restricting yourself, because often money feels restrictive, right,

714
00:35:25,400 --> 00:35:27,440
Speaker 3: And if I say don't buy it, don't be impulsive.

715
00:35:27,440 --> 00:35:30,480
Speaker 3: Osher At my core, I am an impulsive human being.

716
00:35:30,760 --> 00:35:32,120
Speaker 3: But you know what I can do. I can wait

717
00:35:32,160 --> 00:35:34,799
Speaker 3: twenty four hours, and that often puts things in a

718
00:35:34,840 --> 00:35:38,439
Speaker 3: little bit of perspective, and so that helps. I think

719
00:35:38,480 --> 00:35:41,839
Speaker 3: it's also about talking about the real world, like what

720
00:35:42,000 --> 00:35:45,239
Speaker 3: is normal. I have just started a new I don't

721
00:35:45,239 --> 00:35:46,759
Speaker 3: want to call it a column, but like I guess,

722
00:35:46,760 --> 00:35:49,160
Speaker 3: a research project. I've realized how big my and I've

723
00:35:49,200 --> 00:35:51,160
Speaker 3: known how big my community is, but I've realized that

724
00:35:51,560 --> 00:35:55,440
Speaker 3: with a big community, it means statistically significant results osha.

725
00:35:55,520 --> 00:35:57,560
Speaker 1: So like I've started doing.

726
00:35:57,200 --> 00:35:59,399
Speaker 3: A heap of my own research and we've called it

727
00:35:59,480 --> 00:36:04,400
Speaker 3: asking a friend because there's so many money conversations and

728
00:36:04,560 --> 00:36:06,920
Speaker 3: things that I want to know about people. Because I

729
00:36:06,920 --> 00:36:08,560
Speaker 3: can go on the find a website and see what

730
00:36:08,600 --> 00:36:11,200
Speaker 3: the average credit card debt for all Australians is, but like,

731
00:36:11,520 --> 00:36:14,680
Speaker 3: I want to know more details about what that is,

732
00:36:14,719 --> 00:36:16,839
Speaker 3: Like what are we using our credits cards for? How

733
00:36:16,880 --> 00:36:19,640
Speaker 3: do we think? How do we feel about money? And

734
00:36:20,160 --> 00:36:23,360
Speaker 3: a lot of us don't actually know what reality looks

735
00:36:23,480 --> 00:36:27,560
Speaker 3: like because we are all trying to keep up or

736
00:36:27,600 --> 00:36:30,879
Speaker 3: we're spending money osha, we don't have to keep up

737
00:36:31,000 --> 00:36:34,000
Speaker 3: with people who are already in debt, and we just go,

738
00:36:34,360 --> 00:36:38,200
Speaker 3: that's dumb, that's so dumb, Like you are throwing so

739
00:36:38,320 --> 00:36:40,359
Speaker 3: much money away to keep up with people who are

740
00:36:40,400 --> 00:36:43,600
Speaker 3: already up to their eyeballs in debt. And like, debt

741
00:36:43,840 --> 00:36:45,920
Speaker 3: is invisible. You can't see it, but you know what

742
00:36:45,960 --> 00:36:49,200
Speaker 3: you can see nice shoes, nice clothes, a beautiful car,

743
00:36:49,560 --> 00:36:52,120
Speaker 3: You can see a lift in a house, But you

744
00:36:52,200 --> 00:36:55,680
Speaker 3: can't see the crippling anxiety that they might feel making

745
00:36:55,719 --> 00:36:58,600
Speaker 3: that mortgage repayment. You can't.

746
00:36:59,040 --> 00:37:00,120
Speaker 1: What's that great line?

747
00:37:00,280 --> 00:37:02,799
Speaker 2: I spent my time buying things I couldn't afford with

748
00:37:02,880 --> 00:37:07,120
Speaker 2: money I didn't have to impress people I didn't know exactly.

749
00:37:06,719 --> 00:37:10,040
Speaker 3: And I just think going back to basics and going

750
00:37:10,080 --> 00:37:13,320
Speaker 3: like what do we actually need and what are the

751
00:37:13,400 --> 00:37:16,400
Speaker 3: key components of my happiness? What does my money story

752
00:37:16,480 --> 00:37:19,399
Speaker 3: look like? Like what actually sparks joy? And those things

753
00:37:19,400 --> 00:37:22,160
Speaker 3: are different for everybody. So like on my show, I've

754
00:37:22,160 --> 00:37:24,319
Speaker 3: got Beck and she's a co host of mine, and

755
00:37:24,360 --> 00:37:27,520
Speaker 3: she is like the most wholesome human being you've ever met.

756
00:37:27,880 --> 00:37:30,640
Speaker 3: If I said, Beck, You've got a whole day to yourself,

757
00:37:30,760 --> 00:37:32,480
Speaker 3: like what do you want to do? She's like, oh,

758
00:37:32,520 --> 00:37:35,920
Speaker 3: I think I might be like go lay in the grass, like, okay,

759
00:37:35,920 --> 00:37:38,200
Speaker 3: the have fun. I'm like, I'm going to get a massage.

760
00:37:38,200 --> 00:37:39,920
Speaker 3: I'm going to do this. I'm going to like my

761
00:37:40,400 --> 00:37:43,240
Speaker 3: perfect day if I had it to myself involved spending money.

762
00:37:43,400 --> 00:37:46,680
Speaker 3: Beck's perfect day is steering at the clouds, and I

763
00:37:46,760 --> 00:37:49,120
Speaker 3: adore that. But I think that that's such a good

764
00:37:49,160 --> 00:37:51,879
Speaker 3: example of like, we all want different things, So can

765
00:37:51,920 --> 00:37:54,040
Speaker 3: we put some blinkers on and stop looking at all

766
00:37:54,080 --> 00:37:57,160
Speaker 3: these idiots that are spending money that they don't have either,

767
00:37:57,320 --> 00:37:59,759
Speaker 3: and going posha, do I actually want to buy a house?

768
00:37:59,840 --> 00:38:02,920
Speaker 3: Or I just feel this pressure because everyone is saying

769
00:38:02,960 --> 00:38:05,040
Speaker 3: that they are purchasing homes, and I feel like I'm

770
00:38:05,040 --> 00:38:09,120
Speaker 3: being left behind, Like, run your own race. Let's have

771
00:38:09,160 --> 00:38:10,680
Speaker 3: a look at what you actually need.

772
00:38:11,239 --> 00:38:14,600
Speaker 2: What's the goal that I value that it would be

773
00:38:15,160 --> 00:38:19,320
Speaker 2: a sense of financial security when I'm older. Is buying

774
00:38:19,360 --> 00:38:20,760
Speaker 2: a house the only pathway?

775
00:38:20,920 --> 00:38:23,600
Speaker 1: Possibly not? There might be other pathways.

776
00:38:23,080 --> 00:38:26,480
Speaker 3: To come absolutely not, like there are so many pathways.

777
00:38:26,760 --> 00:38:29,480
Speaker 2: Yeah, at a lower risk as well. Okay, let's explore

778
00:38:29,480 --> 00:38:32,120
Speaker 2: that there's more than one way. And you know, as

779
00:38:32,120 --> 00:38:35,600
Speaker 2: you mentioned, we don't know, well, we don't know. I'll

780
00:38:35,600 --> 00:38:37,799
Speaker 2: be back with Victoria in just a second. I need

781
00:38:37,880 --> 00:38:47,839
Speaker 2: to pay the bills. See in a moment. You've written

782
00:38:48,120 --> 00:38:50,080
Speaker 2: a very busy person, You've got a new child, and

783
00:38:50,080 --> 00:38:51,560
Speaker 2: you've written a new book. I don't know how you

784
00:38:51,640 --> 00:38:52,720
Speaker 2: got the deadline done.

785
00:38:52,920 --> 00:38:55,359
Speaker 3: Oh I cried a lot. Oh, if we're being brutally honest,

786
00:38:55,560 --> 00:38:59,120
Speaker 3: that it was a lot. I had to like hand

787
00:38:59,120 --> 00:39:01,720
Speaker 3: in that manuscript to when my son was six weeks old,

788
00:39:01,840 --> 00:39:03,719
Speaker 3: Like do you know what, I can't even remember what

789
00:39:03,760 --> 00:39:05,840
Speaker 3: I wrote. But I was humbled when I did the

790
00:39:05,880 --> 00:39:06,560
Speaker 3: audio book.

791
00:39:07,280 --> 00:39:10,919
Speaker 2: Ill, But I'm going to see my dentists this week

792
00:39:10,920 --> 00:39:13,439
Speaker 2: because I'm like I've been writing NonStop for the last

793
00:39:13,440 --> 00:39:13,839
Speaker 2: eight weeks.

794
00:39:13,840 --> 00:39:16,080
Speaker 1: I'm like, I'm grinding my teeth in the day. Now,

795
00:39:16,719 --> 00:39:17,359
Speaker 1: that's not good.

796
00:39:17,520 --> 00:39:18,800
Speaker 3: Yeah, that's not great.

797
00:39:19,080 --> 00:39:20,920
Speaker 2: I to wear the mouthguard at night. But what the

798
00:39:20,960 --> 00:39:23,200
Speaker 2: fuck is happening here? So yeah, I know what you're

799
00:39:23,200 --> 00:39:26,040
Speaker 2: talking about. But the book is called the Business Bible.

800
00:39:26,080 --> 00:39:30,200
Speaker 2: It's about whatever passionate you have and then trying to

801
00:39:30,239 --> 00:39:32,240
Speaker 2: find a way to turn that into a revenue stream,

802
00:39:32,320 --> 00:39:34,840
Speaker 2: a full time that gig and you mentioned earlier.

803
00:39:34,840 --> 00:39:36,440
Speaker 1: You know, we see the success stories.

804
00:39:36,440 --> 00:39:40,719
Speaker 2: We see Meya Friedman famously, you know, let go from

805
00:39:40,880 --> 00:39:44,080
Speaker 2: big broadcast job, sat down at her kitchen table and

806
00:39:44,120 --> 00:39:48,400
Speaker 2: created an empire. Naomi Simpson with red Balloon. So me

807
00:39:48,440 --> 00:39:50,239
Speaker 2: and Freven started mom and me and Nammy Simpson with

808
00:39:50,280 --> 00:39:50,760
Speaker 2: red balloon?

809
00:39:50,960 --> 00:39:51,480
Speaker 1: Very similar.

810
00:39:51,680 --> 00:39:54,400
Speaker 2: What's the job I can do with these little kids?

811
00:39:54,400 --> 00:39:57,080
Speaker 2: And then red balloons? It's just a monster. There's many,

812
00:39:57,120 --> 00:40:00,640
Speaker 2: many things like that. What's the line, betwe when going

813
00:40:01,480 --> 00:40:03,200
Speaker 2: I want to look for that. I want to go

814
00:40:03,280 --> 00:40:06,120
Speaker 2: for something like that, and then starting and go, heck,

815
00:40:06,160 --> 00:40:10,000
Speaker 2: I'm not that yet, Like, where's the line between having

816
00:40:10,040 --> 00:40:11,800
Speaker 2: an inspiration and then not getting down to yourself?

817
00:40:11,800 --> 00:40:13,760
Speaker 1: Because now I haven't built an empire.

818
00:40:13,960 --> 00:40:16,920
Speaker 3: But also you've got to remember that you're comparing your

819
00:40:16,960 --> 00:40:20,160
Speaker 3: beginning to somebody else's middle or ending of their journey. Right, Like,

820
00:40:20,160 --> 00:40:23,319
Speaker 3: if you look at Naomi Simpson, she's incredible, but I'm

821
00:40:23,320 --> 00:40:24,719
Speaker 3: going to go like, if I wanted to start a

822
00:40:24,760 --> 00:40:27,319
Speaker 3: new business, I'd be silly if I went to her

823
00:40:27,320 --> 00:40:30,640
Speaker 3: website and compared myself to that, Like, let's go back

824
00:40:30,680 --> 00:40:32,399
Speaker 3: and go, well, where did she come from? What does

825
00:40:32,400 --> 00:40:34,800
Speaker 3: that look like? And I get this a lot because

826
00:40:35,200 --> 00:40:38,840
Speaker 3: I have a successful podcast, i have a beautiful mortgage

827
00:40:38,840 --> 00:40:41,359
Speaker 3: broking business. I'm so proud of everything that I've done.

828
00:40:42,040 --> 00:40:45,680
Speaker 3: But I started OSHA by having forty thousand dollars worth

829
00:40:45,680 --> 00:40:48,960
Speaker 3: of credit card debt, working in psychology and realizing, ah,

830
00:40:49,080 --> 00:40:51,560
Speaker 3: this eight I'm going to have to learn about finances

831
00:40:51,560 --> 00:40:54,160
Speaker 3: and thankfully getting myself out of that. But we so

832
00:40:54,280 --> 00:40:57,280
Speaker 3: often forget that these people that we idolize or put

833
00:40:57,320 --> 00:41:01,080
Speaker 3: on a stool are actually just like they've just had

834
00:41:01,120 --> 00:41:04,160
Speaker 3: more time in the market, Osha. They've had more time

835
00:41:04,200 --> 00:41:06,880
Speaker 3: in the game, and they've had the ability to fail

836
00:41:06,920 --> 00:41:10,440
Speaker 3: and fail again. Like one of my favorite things about

837
00:41:10,840 --> 00:41:14,520
Speaker 3: my favorite successful business people, and I interviewed a lot

838
00:41:14,600 --> 00:41:16,160
Speaker 3: of them for the book, I like did a money

839
00:41:16,160 --> 00:41:19,080
Speaker 3: diary or a business diary every chapter because I was like,

840
00:41:19,239 --> 00:41:22,000
Speaker 3: you need to know these people. But my favorite, I

841
00:41:22,000 --> 00:41:25,320
Speaker 3: guess character trade across all of them is grit. They fail,

842
00:41:25,640 --> 00:41:28,400
Speaker 3: they get back up, they dust themselves off, they try again.

843
00:41:28,719 --> 00:41:31,680
Speaker 3: They're not the type of people that get offside and

844
00:41:31,719 --> 00:41:34,640
Speaker 3: go well. Business isn't for me, Like, it doesn't take

845
00:41:34,680 --> 00:41:37,600
Speaker 3: the smartest, it doesn't take the prettiest. It takes the grittiest.

846
00:41:37,880 --> 00:41:40,319
Speaker 3: And I think for me that has always been the

847
00:41:40,400 --> 00:41:43,640
Speaker 3: thing that I resonate with because they go okay, cool, Like,

848
00:41:44,000 --> 00:41:46,200
Speaker 3: I can see so many more people. There's always more

849
00:41:46,239 --> 00:41:49,080
Speaker 3: to be done, places to be, people to see. But

850
00:41:49,840 --> 00:41:53,080
Speaker 3: I actually am here to create a lifestyle. I bent

851
00:41:53,160 --> 00:41:55,680
Speaker 3: myself out a couple of years ago after creating a

852
00:41:55,680 --> 00:41:58,080
Speaker 3: business that was way too big for me to run,

853
00:41:58,160 --> 00:42:00,520
Speaker 3: have a life, have kids, do a podcast, all of that.

854
00:42:01,000 --> 00:42:03,520
Speaker 3: Decided to throw that in and at the moment I'm

855
00:42:03,560 --> 00:42:06,920
Speaker 3: working towards having a business that sustains the lifestyle I have.

856
00:42:07,480 --> 00:42:10,640
Speaker 3: Is really kind to the people that function in my business.

857
00:42:10,880 --> 00:42:12,680
Speaker 3: I don't want to be the biggest. I do want

858
00:42:12,680 --> 00:42:14,239
Speaker 3: to be the best, but I don't want to be

859
00:42:14,280 --> 00:42:15,719
Speaker 3: the biggest. So I don't want to be the most

860
00:42:15,719 --> 00:42:20,080
Speaker 3: financially you know, successful person in the entire world, but

861
00:42:20,120 --> 00:42:22,359
Speaker 3: I do want to have my lifestyle. And I think

862
00:42:22,560 --> 00:42:24,920
Speaker 3: by going back to my values, going back to what

863
00:42:24,960 --> 00:42:28,200
Speaker 3: am I trying to create, Like reading the Business Bible

864
00:42:28,280 --> 00:42:32,440
Speaker 3: could be becoming the next mea Friedman, or it could

865
00:42:32,480 --> 00:42:34,799
Speaker 3: be getting a little side hustle that puts some extra

866
00:42:34,880 --> 00:42:37,040
Speaker 3: cash in your pocket each and every week so that

867
00:42:37,120 --> 00:42:40,120
Speaker 3: you can have a family holiday every year. Like financial

868
00:42:40,160 --> 00:42:43,200
Speaker 3: freedom means so many different things to so many different people,

869
00:42:43,480 --> 00:42:47,080
Speaker 3: and I respect every single option, Like you can have

870
00:42:47,120 --> 00:42:49,120
Speaker 3: a side hustle, or you could it be you know,

871
00:42:49,280 --> 00:42:52,120
Speaker 3: Naomi Simpson, it doesn't matter. But at the end of

872
00:42:52,120 --> 00:42:54,640
Speaker 3: the day, is that what we want? Because it's so

873
00:42:54,719 --> 00:42:55,840
Speaker 3: easy to get off track.

874
00:42:56,520 --> 00:42:59,600
Speaker 2: We talked about the slippery slope of credit card debt

875
00:42:59,800 --> 00:43:03,400
Speaker 2: and it can really sneak up on you. Earlier on

876
00:43:03,440 --> 00:43:07,080
Speaker 2: we discussed the interest and how once it builds upon itself,

877
00:43:07,080 --> 00:43:08,840
Speaker 2: you can get away from you pretty fast.

878
00:43:09,640 --> 00:43:11,719
Speaker 1: You can get away from you pretty pretty fast.

879
00:43:12,280 --> 00:43:13,839
Speaker 2: You can't be what you can't see, and it's nice

880
00:43:13,840 --> 00:43:17,520
Speaker 2: to know that you're not alone. Tell me the role

881
00:43:17,560 --> 00:43:20,040
Speaker 2: when you discovered that credit card debt, found out where

882
00:43:20,040 --> 00:43:22,200
Speaker 2: you were, found out, how far in the hole you were?

883
00:43:24,600 --> 00:43:27,040
Speaker 1: Did you feel shame? Was it helpful?

884
00:43:27,520 --> 00:43:30,319
Speaker 2: What was the thing that got you to take a

885
00:43:30,360 --> 00:43:32,120
Speaker 2: step towards not being in that debt?

886
00:43:32,280 --> 00:43:34,840
Speaker 3: Well? Oh sho. I lied through my teeth to everyone

887
00:43:34,920 --> 00:43:37,719
Speaker 3: I ever knew about that. Like, I wasn't in debt,

888
00:43:37,760 --> 00:43:40,919
Speaker 3: absolutely not. And I had the worst type of debt.

889
00:43:40,960 --> 00:43:43,040
Speaker 3: I had a credit card and a personal loan. I

890
00:43:43,080 --> 00:43:46,720
Speaker 3: just went real hard, real fast, and I just thought

891
00:43:47,040 --> 00:43:50,840
Speaker 3: that to keep up, I guess with the Kardashians, I

892
00:43:50,920 --> 00:43:53,759
Speaker 3: needed a new car. I really wanted to study overseas,

893
00:43:53,880 --> 00:43:56,080
Speaker 3: like I wanted a you know, really nice wardrobe, and

894
00:43:56,120 --> 00:43:58,719
Speaker 3: I got that, and at the start it didn't worry me.

895
00:43:58,800 --> 00:44:01,239
Speaker 3: And then I realized how much it was impacting my

896
00:44:01,320 --> 00:44:03,879
Speaker 3: life to have eight hundred and eighty three dollars going

897
00:44:03,920 --> 00:44:06,759
Speaker 3: out of my account each and every single month on

898
00:44:06,840 --> 00:44:09,480
Speaker 3: somebody's salary who I was earning like sixty grand a

899
00:44:09,560 --> 00:44:13,280
Speaker 3: year like that was basically all of my disposable income.

900
00:44:13,680 --> 00:44:16,600
Speaker 3: I couldn't save, I couldn't invest. I was, you know,

901
00:44:16,920 --> 00:44:18,839
Speaker 3: telling my friends, I was fine. I was just really busy.

902
00:44:18,880 --> 00:44:21,000
Speaker 3: I definitely couldn't go out for dinner or lunch or

903
00:44:21,040 --> 00:44:24,920
Speaker 3: breakfast or whatever it was. And I felt so much shame.

904
00:44:25,120 --> 00:44:28,560
Speaker 3: I couldn't sleep well, I couldn't eat well. I was stressed.

905
00:44:28,800 --> 00:44:33,279
Speaker 3: Like financial stress is like no other like it impacts

906
00:44:33,320 --> 00:44:37,359
Speaker 3: your physical, mental, spiritual health. It impacts every single other

907
00:44:37,640 --> 00:44:40,799
Speaker 3: part of your life. And so I decided to try

908
00:44:40,800 --> 00:44:42,880
Speaker 3: and get myself out of it. Again. I didn't tell anybody.

909
00:44:42,960 --> 00:44:45,360
Speaker 3: I was just doing this on my own and started

910
00:44:45,360 --> 00:44:46,880
Speaker 3: to learn what I needed to do and how I

911
00:44:46,920 --> 00:44:48,919
Speaker 3: needed to do it. And as I started to feel

912
00:44:48,920 --> 00:44:51,400
Speaker 3: more and more empowered, I was like, everybody needs to

913
00:44:51,440 --> 00:44:53,759
Speaker 3: know how to do this. Surely I'm not the only one.

914
00:44:54,320 --> 00:44:57,160
Speaker 3: Like people started talking about their debt and I was like,

915
00:44:57,200 --> 00:44:59,520
Speaker 3: oh my god, why is she telling people about her

916
00:44:59,520 --> 00:45:02,359
Speaker 3: credit card debt? Ill and then I'm like, oh, me too,

917
00:45:02,760 --> 00:45:05,799
Speaker 3: And I felt so much lighter. I felt like it's

918
00:45:05,840 --> 00:45:08,600
Speaker 3: not just me, Like I'm not on my own here,

919
00:45:09,040 --> 00:45:11,120
Speaker 3: and I guess that's where she's on. The money started

920
00:45:11,120 --> 00:45:14,360
Speaker 3: to snowball and was born. And it's a community of

921
00:45:14,360 --> 00:45:16,520
Speaker 3: people who are just down to earth and we just

922
00:45:16,600 --> 00:45:19,520
Speaker 3: want what's best for each other, Like there's no shame

923
00:45:19,600 --> 00:45:22,160
Speaker 3: in debt. In fact, the only thing having credit card

924
00:45:22,239 --> 00:45:25,040
Speaker 3: debt or debt in general means is you spent more

925
00:45:25,080 --> 00:45:28,319
Speaker 3: than you earned? That is it? Let's work from there.

926
00:45:28,800 --> 00:45:32,080
Speaker 2: What was the first kind of step that you took

927
00:45:32,360 --> 00:45:35,719
Speaker 2: that gave you that release of dope meine and gave

928
00:45:35,760 --> 00:45:39,439
Speaker 2: you the feeling of well, it's not forty five dollars

929
00:45:39,520 --> 00:45:41,719
Speaker 2: or forty thousand dollars of credit back in there to

930
00:45:41,840 --> 00:45:42,600
Speaker 2: sought me out, but.

931
00:45:42,640 --> 00:45:45,000
Speaker 1: It is a little bit closer. I don't feel so.

932
00:45:45,000 --> 00:45:48,000
Speaker 3: Under water when I got my tax return. When I

933
00:45:48,040 --> 00:45:50,160
Speaker 3: got my first tax return while I was in debt,

934
00:45:50,200 --> 00:45:52,359
Speaker 3: and I just started like trying to smash off as

935
00:45:52,400 --> 00:45:55,040
Speaker 3: much as possible, and I was really struggling, and I thought,

936
00:45:55,160 --> 00:45:58,360
Speaker 3: like twelve hundred dollars back or something, And I felt

937
00:45:58,360 --> 00:46:01,200
Speaker 3: like such an adult because I didn't spend any of

938
00:46:01,239 --> 00:46:03,840
Speaker 3: that on the stuff that I would usually spend my

939
00:46:03,880 --> 00:46:06,120
Speaker 3: tax return on, because to me, that was like free money,

940
00:46:06,440 --> 00:46:09,200
Speaker 3: like I would just if it's tax retay money, it

941
00:46:09,200 --> 00:46:12,319
Speaker 3: doesn't exist, right, you can spend it on anything. But

942
00:46:12,480 --> 00:46:15,799
Speaker 3: I spent that whole amount. I put it towards my debt,

943
00:46:15,840 --> 00:46:18,720
Speaker 3: and I worked out how much that would actually take

944
00:46:18,800 --> 00:46:21,360
Speaker 3: off the time it would take for me to invest

945
00:46:21,400 --> 00:46:24,040
Speaker 3: and I realized, hold on, if I can do that,

946
00:46:24,960 --> 00:46:27,759
Speaker 3: then next year or the year after, or whenever I

947
00:46:27,840 --> 00:46:30,879
Speaker 3: get myself out of debt, that amount of money could

948
00:46:30,920 --> 00:46:33,280
Speaker 3: be invested or that amount of money could be saved,

949
00:46:33,320 --> 00:46:37,200
Speaker 3: and I could be like rich. And so from there

950
00:46:37,320 --> 00:46:40,040
Speaker 3: it kind of just started to snowball, and I realized

951
00:46:40,080 --> 00:46:44,160
Speaker 3: that financial freedom was not just like some catchy thing.

952
00:46:44,480 --> 00:46:48,560
Speaker 3: It's so nice to know that if you're just walking

953
00:46:48,600 --> 00:46:51,440
Speaker 3: down the street and you have some cash in your

954
00:46:51,440 --> 00:46:54,799
Speaker 3: back pocket, you have freedom of choice. And I think

955
00:46:54,840 --> 00:46:58,200
Speaker 3: for me that was the defining feature, Like I can

956
00:46:58,200 --> 00:46:59,680
Speaker 3: get out of this situation if I don't want to

957
00:46:59,680 --> 00:47:02,279
Speaker 3: be in an I can get an uber home, I

958
00:47:02,320 --> 00:47:04,480
Speaker 3: could call a friend, I could do whatever I need

959
00:47:04,520 --> 00:47:06,319
Speaker 3: to do because I have the cash to back it.

960
00:47:06,640 --> 00:47:10,600
Speaker 3: And so many times in my early twenties I didn't

961
00:47:10,600 --> 00:47:13,920
Speaker 3: have choice. I was doing things because that was the

962
00:47:13,960 --> 00:47:17,000
Speaker 3: only option available to me. And I just I want

963
00:47:17,040 --> 00:47:21,640
Speaker 3: better for people. I want you to have opportunity and choice.

964
00:47:21,719 --> 00:47:24,280
Speaker 3: And I think we talk about financial freedom so often

965
00:47:24,320 --> 00:47:28,759
Speaker 3: that you think maybe it's having millions invested, but for

966
00:47:28,840 --> 00:47:31,319
Speaker 3: so many people it's like having one hundred bucks to

967
00:47:31,360 --> 00:47:34,120
Speaker 3: the side that if you spent it in an emergency,

968
00:47:34,239 --> 00:47:37,520
Speaker 3: like you are not worse off. It's having, you know,

969
00:47:37,680 --> 00:47:40,880
Speaker 3: an emergency fund. So if for out Redro crept up,

970
00:47:40,880 --> 00:47:43,239
Speaker 3: and that's so expensive, And why do I forget every

971
00:47:43,239 --> 00:47:46,040
Speaker 3: single year about Regro. You had the cash in the bank.

972
00:47:46,160 --> 00:47:48,319
Speaker 3: Do you know how good it feels? Do not have

973
00:47:48,400 --> 00:47:51,080
Speaker 3: to put that on credit card or dip into your

974
00:47:51,080 --> 00:47:54,839
Speaker 3: holiday savings or dip into something that you didn't plan for.

975
00:47:55,080 --> 00:47:57,560
Speaker 3: Like to me, that's financial freedom. So we want that

976
00:47:57,640 --> 00:48:01,440
Speaker 3: today because we are at our core about instat gratification,

977
00:48:01,920 --> 00:48:04,640
Speaker 3: but we want to really understand this concept of long

978
00:48:04,760 --> 00:48:08,040
Speaker 3: term gratification so that we can create that for ourselves forever.

979
00:48:08,800 --> 00:48:11,719
Speaker 2: I found in recent times I'm now bear in mind

980
00:48:11,760 --> 00:48:14,640
Speaker 2: I do not ask chat GPT for financial advice.

981
00:48:14,680 --> 00:48:16,000
Speaker 1: I want to be very very clear about that.

982
00:48:16,120 --> 00:48:18,879
Speaker 2: Trying it before, yeah, not a great idea as someone

983
00:48:18,880 --> 00:48:21,360
Speaker 2: who really struggled with maths in school. And as I

984
00:48:21,360 --> 00:48:23,800
Speaker 2: mentioned before, if it's not big pictures and shapes and arrows,

985
00:48:23,840 --> 00:48:26,560
Speaker 2: I don't quite get it. I have found though, if

986
00:48:26,600 --> 00:48:30,080
Speaker 2: I use a you know, online spreadsheet, Google or Office

987
00:48:30,160 --> 00:48:34,080
Speaker 2: or whatever, I can ask for a spreadsheet formula.

988
00:48:34,960 --> 00:48:36,479
Speaker 1: I started doing this when I was doing these.

989
00:48:36,400 --> 00:48:38,640
Speaker 2: Live shows around the news show or whatever I'm doing,

990
00:48:38,640 --> 00:48:39,960
Speaker 2: Like I'm trying to figure out how much I'm paying

991
00:48:39,960 --> 00:48:41,759
Speaker 2: everybody and how many tickets I need to sell. I

992
00:48:41,800 --> 00:48:43,200
Speaker 2: don't know how to do any of that, but I

993
00:48:43,239 --> 00:48:45,240
Speaker 2: was typing, like, what's my break even number? And it'll

994
00:48:45,360 --> 00:48:47,239
Speaker 2: spit it out, whack it in the sale. Oh my god,

995
00:48:47,239 --> 00:48:47,680
Speaker 2: there you go.

996
00:48:47,960 --> 00:48:49,719
Speaker 1: So now what you're saying is like.

997
00:48:49,680 --> 00:48:51,600
Speaker 2: Hang on, if I'm paying this much per month for this,

998
00:48:52,800 --> 00:48:55,040
Speaker 2: you know, I need a formula vell and you literally

999
00:48:55,160 --> 00:48:57,440
Speaker 2: just use language like I need a formulattle figurreative. If

1000
00:48:57,440 --> 00:48:59,600
Speaker 2: I'm paying eight hundred and eighty two dollars a month

1001
00:49:00,040 --> 00:49:02,799
Speaker 2: into this after you know this many years, how much

1002
00:49:02,840 --> 00:49:04,799
Speaker 2: money if it was in a savings account earning three

1003
00:49:04,800 --> 00:49:07,000
Speaker 2: percent would I not be making And it'll give you

1004
00:49:07,040 --> 00:49:09,920
Speaker 2: the formula copy paste, bang, you put the number in boom,

1005
00:49:09,960 --> 00:49:12,200
Speaker 2: like that's you making a decision there and then?

1006
00:49:12,680 --> 00:49:15,239
Speaker 3: And how much time would it cut off if I

1007
00:49:15,239 --> 00:49:17,920
Speaker 3: added an extra twenty bucks a week? And that is

1008
00:49:17,960 --> 00:49:21,480
Speaker 3: where the power starts getting really sexy. Yeah you're like,

1009
00:49:21,520 --> 00:49:23,239
Speaker 3: oh damn, girl, like is that real?

1010
00:49:23,680 --> 00:49:26,759
Speaker 2: Having been in a number of relationships, long term ones

1011
00:49:26,800 --> 00:49:30,879
Speaker 2: in my life, this one's still together but there's two

1012
00:49:31,080 --> 00:49:34,160
Speaker 2: very significant ones that didn't stay together, and that not

1013
00:49:34,200 --> 00:49:37,080
Speaker 2: only has emotional impact, it has financial impact when it

1014
00:49:37,120 --> 00:49:40,680
Speaker 2: comes to, you know, getting serious about someone. At what

1015
00:49:40,840 --> 00:49:44,080
Speaker 2: point do you need to have the financial conversation?

1016
00:49:44,120 --> 00:49:45,680
Speaker 3: Do you think, Yeah, so I need you to have

1017
00:49:45,719 --> 00:49:48,799
Speaker 3: that financial conversation with yourself while you're single. I need

1018
00:49:48,840 --> 00:49:51,719
Speaker 3: you to have that before you get into a relationship,

1019
00:49:51,800 --> 00:49:55,280
Speaker 3: Like what are your financial goals? Before you meet someone

1020
00:49:55,400 --> 00:50:00,080
Speaker 3: and their opinions start guiding yours, it's cool if they do.

1021
00:50:00,520 --> 00:50:03,600
Speaker 3: Like before I met my husband, Usher, I was like, property,

1022
00:50:04,120 --> 00:50:06,319
Speaker 3: I don't want that. I don't need property. I'm too

1023
00:50:06,320 --> 00:50:08,359
Speaker 3: good for this. I've learned about the share market. That's

1024
00:50:08,400 --> 00:50:10,840
Speaker 3: where i want all of my money. And then I

1025
00:50:10,880 --> 00:50:13,080
Speaker 3: met my husband, who's very wholesome, and he's like, oh,

1026
00:50:13,080 --> 00:50:15,719
Speaker 3: i'd love a family home for my kids. Sorry, what

1027
00:50:16,320 --> 00:50:18,480
Speaker 3: that's not aligned to my values? But it was nice

1028
00:50:18,520 --> 00:50:20,839
Speaker 3: to be able to talk that through. So I think,

1029
00:50:21,120 --> 00:50:23,759
Speaker 3: have that conversation with yourself at the start, so that

1030
00:50:23,840 --> 00:50:26,640
Speaker 3: you know where is your money? What does that look like?

1031
00:50:26,960 --> 00:50:29,240
Speaker 3: You know? I don't want to be too dramatic, but Usher,

1032
00:50:29,400 --> 00:50:32,719
Speaker 3: we both know that not every relationship works out perfectly.

1033
00:50:33,360 --> 00:50:37,240
Speaker 3: How would you get out of a relationship. I would

1034
00:50:37,320 --> 00:50:40,000
Speaker 3: love to think that every single person is in a

1035
00:50:40,040 --> 00:50:43,080
Speaker 3: relationship that they could leave at a whim. They could

1036
00:50:43,160 --> 00:50:46,480
Speaker 3: leave so easily, but we choose to stay. Right. I

1037
00:50:46,480 --> 00:50:49,560
Speaker 3: don't want someone who's in a relationship with me, or

1038
00:50:49,600 --> 00:50:53,080
Speaker 3: in a relationship at all, that's tied down because oh,

1039
00:50:53,160 --> 00:50:56,399
Speaker 3: money's a bit tight. I probably shouldn't leave this year

1040
00:50:56,440 --> 00:50:58,279
Speaker 3: because we've got X, Y and Z and we can't

1041
00:50:58,320 --> 00:51:01,600
Speaker 3: afford it. Like, that's no way to live. People deserve better.

1042
00:51:02,040 --> 00:51:05,440
Speaker 3: So I think having these financial conversations, they're going to

1043
00:51:05,560 --> 00:51:08,160
Speaker 3: start from the very beginning. Who's paying the bill usher?

1044
00:51:08,480 --> 00:51:10,960
Speaker 3: What does that look like? Do you feel comfortable with

1045
00:51:11,000 --> 00:51:14,360
Speaker 3: the way that they are approaching cash from the start?

1046
00:51:14,640 --> 00:51:16,840
Speaker 3: Do you need to tell them what you earn? Absolutely not.

1047
00:51:17,120 --> 00:51:20,319
Speaker 3: But as things start to get serious, we don't have

1048
00:51:20,440 --> 00:51:24,000
Speaker 3: to ask deep, hard questions. We don't have to be like,

1049
00:51:24,040 --> 00:51:26,120
Speaker 3: what do you earn? What's in your superannuation? I mean

1050
00:51:26,280 --> 00:51:28,320
Speaker 3: that was probably on my light laundry list of a

1051
00:51:28,400 --> 00:51:31,680
Speaker 3: first date, because that's just who I am. But we

1052
00:51:31,719 --> 00:51:34,719
Speaker 3: want to start with like money story questions. Are your

1053
00:51:34,800 --> 00:51:38,440
Speaker 3: parents still together? What did that look like? Oh? Is

1054
00:51:38,560 --> 00:51:41,480
Speaker 3: mum and dad like are they in different financial situations?

1055
00:51:41,719 --> 00:51:43,960
Speaker 3: How do you feel about money? Like how did you

1056
00:51:44,000 --> 00:51:46,840
Speaker 3: grow up around money? If I say rich, what do

1057
00:51:46,880 --> 00:51:49,000
Speaker 3: you first think of? Like I want you to have

1058
00:51:49,320 --> 00:51:53,160
Speaker 3: conversational topics to talk about when it comes to cash,

1059
00:51:53,239 --> 00:51:56,919
Speaker 3: not necessarily like these deep, hard hitting like how much

1060
00:51:56,960 --> 00:51:59,600
Speaker 3: money should you have if I'm purchasing a house to

1061
00:51:59,640 --> 00:52:02,640
Speaker 3: contry towards the deposit? Like we should have already had

1062
00:52:02,680 --> 00:52:05,920
Speaker 3: these conversations just about cash and how they grew up

1063
00:52:05,920 --> 00:52:08,120
Speaker 3: and how you grew up and how that differs. Because

1064
00:52:08,320 --> 00:52:10,720
Speaker 3: do you know how handy it is to know why

1065
00:52:10,800 --> 00:52:13,920
Speaker 3: your partner is being so stingy or how handy it

1066
00:52:13,960 --> 00:52:16,959
Speaker 3: is to know why your partner just seems to throw

1067
00:52:17,040 --> 00:52:21,480
Speaker 3: money at everything and not in line with their values

1068
00:52:21,520 --> 00:52:23,920
Speaker 3: that they say they hold, Like if they're saying I

1069
00:52:24,000 --> 00:52:26,120
Speaker 3: want to buy property, I love this, but they're spending

1070
00:52:26,120 --> 00:52:28,560
Speaker 3: all of their money in sports. But like babes, we

1071
00:52:28,600 --> 00:52:31,960
Speaker 3: need to talk. And it's not because you have an issue,

1072
00:52:32,560 --> 00:52:35,359
Speaker 3: maybe you do. It's because you're saying you have one

1073
00:52:35,440 --> 00:52:38,520
Speaker 3: value and you're not living that value set. So I

1074
00:52:38,520 --> 00:52:42,520
Speaker 3: think it's so important to just have these consistent conversations

1075
00:52:42,560 --> 00:52:44,720
Speaker 3: that ultimately put you in a better position.

1076
00:52:45,520 --> 00:52:48,840
Speaker 2: It's right up there with how you know, I don't know,

1077
00:52:48,920 --> 00:52:52,440
Speaker 2: how you relate to your exes for example, or how

1078
00:52:52,560 --> 00:52:55,799
Speaker 2: you think about, you know, disciplining your children. Like it's

1079
00:52:55,840 --> 00:52:58,799
Speaker 2: so so, so important that you are aligned. It's not

1080
00:52:58,800 --> 00:53:02,160
Speaker 2: to say that, as you mentioned earlier, you were not

1081
00:53:02,200 --> 00:53:05,880
Speaker 2: interested in the conversation you're having with your husband, but

1082
00:53:06,200 --> 00:53:09,279
Speaker 2: you were able to come to an agreement upon Oh

1083
00:53:09,360 --> 00:53:11,799
Speaker 2: yeah home, Okay, Yeah, I wasn't going to but yeah,

1084
00:53:11,840 --> 00:53:12,279
Speaker 2: I get that.

1085
00:53:12,840 --> 00:53:15,520
Speaker 1: It's really really important. It's really important.

1086
00:53:15,120 --> 00:53:17,600
Speaker 2: Because as much as you're you know, what's happening inside

1087
00:53:17,600 --> 00:53:19,439
Speaker 2: your under pants are screaming at you to hit go.

1088
00:53:19,760 --> 00:53:21,960
Speaker 3: Like wait a second, yeah, what does that look like?

1089
00:53:22,000 --> 00:53:23,560
Speaker 3: But that's why I want you to do an usher

1090
00:53:23,680 --> 00:53:25,799
Speaker 3: when you are single, Like I want you to set

1091
00:53:25,800 --> 00:53:33,440
Speaker 3: yourself up before you meet that record there. No, but

1092
00:53:33,560 --> 00:53:37,000
Speaker 3: also I want people listening to put themselves in the

1093
00:53:37,000 --> 00:53:42,799
Speaker 3: best possible position, because otherwise we're doing ourselves a disservice. Yeah,

1094
00:53:43,719 --> 00:53:46,120
Speaker 3: use the time that you're single to learn about yourself.

1095
00:53:46,560 --> 00:53:49,000
Speaker 3: What are your values? What do you really care about?

1096
00:53:49,120 --> 00:53:52,520
Speaker 3: Like it's such a good period of time. I wish

1097
00:53:52,560 --> 00:53:53,600
Speaker 3: I had used it like that.

1098
00:53:54,239 --> 00:53:56,279
Speaker 2: It's up there with when you buy yourself, then you

1099
00:53:56,280 --> 00:53:58,399
Speaker 2: don't have to do it in front of anybody else.

1100
00:53:58,480 --> 00:54:00,880
Speaker 2: It's like stepping on the scale, or are really actually

1101
00:54:00,880 --> 00:54:04,400
Speaker 2: writing out a food diary, an honest one and really go, well, no, wa,

1102
00:54:04,400 --> 00:54:07,160
Speaker 2: I actually did eat an entire bucket of ice cream

1103
00:54:07,400 --> 00:54:08,040
Speaker 2: on Friday.

1104
00:54:08,239 --> 00:54:11,280
Speaker 3: What do you mean packets of Tim TAM's aren't single serve.

1105
00:54:11,560 --> 00:54:13,480
Speaker 2: Yeah, you're able to like when you look at your

1106
00:54:13,480 --> 00:54:14,960
Speaker 2: screen time on your phone and go, I spent four

1107
00:54:15,000 --> 00:54:15,919
Speaker 2: hours a day doing what?

1108
00:54:16,280 --> 00:54:18,879
Speaker 3: Oh that's me. I don't even want to talk about

1109
00:54:18,920 --> 00:54:19,560
Speaker 3: it at this point.

1110
00:54:19,840 --> 00:54:21,000
Speaker 1: Yeah, that's really tough.

1111
00:54:21,040 --> 00:54:22,959
Speaker 2: But it is at that time where you can actually

1112
00:54:23,000 --> 00:54:25,600
Speaker 2: have a long, hard look at yourself and understand.

1113
00:54:25,280 --> 00:54:26,440
Speaker 1: Is this going where I wanted to go?

1114
00:54:26,480 --> 00:54:28,320
Speaker 2: And put a timescale on it, you know, as you

1115
00:54:28,400 --> 00:54:30,719
Speaker 2: were describing, if you put a year, five, ten, twenty

1116
00:54:30,800 --> 00:54:33,120
Speaker 2: years on it, you know, great, a great thing.

1117
00:54:33,160 --> 00:54:35,640
Speaker 1: We just got solo put on the house. It's fricking incredible.

1118
00:54:35,640 --> 00:54:38,920
Speaker 2: As part of the quote that our electrician gave us,

1119
00:54:38,960 --> 00:54:39,960
Speaker 2: she said it over.

1120
00:54:39,840 --> 00:54:42,640
Speaker 1: And it's something bonkers. It's something like ninety.

1121
00:54:42,400 --> 00:54:45,160
Speaker 2: Grand over twenty five years that I will not be

1122
00:54:45,200 --> 00:54:46,440
Speaker 2: giving to an energy company.

1123
00:54:46,880 --> 00:54:48,600
Speaker 1: It's so easy to see how I'll just pay the

1124
00:54:48,640 --> 00:54:49,720
Speaker 1: power bill. It'll be fine.

1125
00:54:50,000 --> 00:54:52,600
Speaker 2: But over the time, over the course of the time

1126
00:54:52,640 --> 00:54:55,160
Speaker 2: that we've got it there, twenty ninety grand. That is

1127
00:54:55,200 --> 00:54:58,759
Speaker 2: a university degree for like on my kids. Like that,

1128
00:54:59,520 --> 00:55:01,520
Speaker 2: you know, it's a no brainer. Why would I give

1129
00:55:01,560 --> 00:55:03,239
Speaker 2: that money to an energy company? Well, I could keep

1130
00:55:03,280 --> 00:55:06,920
Speaker 2: it within my family and use that wealth to forward

1131
00:55:07,080 --> 00:55:09,680
Speaker 2: the lives of the people that I care about rather

1132
00:55:09,719 --> 00:55:11,320
Speaker 2: than the pockets of a shareholder.

1133
00:55:11,400 --> 00:55:14,200
Speaker 1: No, thank you. It blew my mind. Putting time scales

1134
00:55:14,200 --> 00:55:16,280
Speaker 1: on things is really really really cool.

1135
00:55:16,600 --> 00:55:18,239
Speaker 2: What was it that made you want to write this book,

1136
00:55:18,280 --> 00:55:23,640
Speaker 2: particularly around around business and skewed towards women starting their

1137
00:55:23,680 --> 00:55:27,000
Speaker 2: own kind of passion project that then can possibly hopefully

1138
00:55:27,000 --> 00:55:29,160
Speaker 2: turn into either a side hustle or a full time gig.

1139
00:55:29,640 --> 00:55:32,640
Speaker 3: I think that there is such shame in our industry

1140
00:55:33,239 --> 00:55:36,759
Speaker 3: and just in general about people having side hustles. Like

1141
00:55:36,800 --> 00:55:38,960
Speaker 3: how many times do you hear someone be like, Oh,

1142
00:55:38,960 --> 00:55:40,719
Speaker 3: it's just like a small business on the side, and

1143
00:55:40,719 --> 00:55:42,880
Speaker 3: then the next question someone asks them is like, oh,

1144
00:55:42,920 --> 00:55:45,879
Speaker 3: when are you taking it full time? Like, we don't

1145
00:55:46,080 --> 00:55:48,400
Speaker 3: need to take things full time for them to be

1146
00:55:48,560 --> 00:55:52,480
Speaker 3: legitimate and act legitimately and be set up properly. I

1147
00:55:52,480 --> 00:55:55,839
Speaker 3: think so many times we are just trying to live

1148
00:55:55,880 --> 00:55:58,920
Speaker 3: our best life, and we're also only seeing the highlights

1149
00:55:58,920 --> 00:56:01,239
Speaker 3: real like, even I am guilty of that, and you

1150
00:56:01,239 --> 00:56:03,200
Speaker 3: know why, because I'm only whipping my phone out when

1151
00:56:03,200 --> 00:56:06,719
Speaker 3: I'm not crying, like I'm not creating content when I

1152
00:56:06,760 --> 00:56:10,359
Speaker 3: feel like trash, you know. So I think that there

1153
00:56:10,560 --> 00:56:13,560
Speaker 3: ways this highlights real online of all of these business

1154
00:56:13,560 --> 00:56:15,520
Speaker 3: owners and what that might look like. And I think

1155
00:56:15,560 --> 00:56:19,200
Speaker 3: it's about breaking that down but also hopefully empowering people

1156
00:56:19,600 --> 00:56:22,480
Speaker 3: to know that it's not that hard if you want

1157
00:56:22,520 --> 00:56:25,040
Speaker 3: to do it yourself. Here other steps. This is what

1158
00:56:25,080 --> 00:56:26,680
Speaker 3: I would do, This is you know, these are the

1159
00:56:26,680 --> 00:56:29,120
Speaker 3: mistakes I've made. These are mistakes my friends have made.

1160
00:56:29,200 --> 00:56:31,400
Speaker 3: This is what my friends have done that has really

1161
00:56:31,440 --> 00:56:35,319
Speaker 3: been amazing. And I think that it's just business can

1162
00:56:35,400 --> 00:56:37,799
Speaker 3: be for you. And I think so many times we go, yeah,

1163
00:56:37,800 --> 00:56:40,080
Speaker 3: but I'm not that smart, or you know, my business

1164
00:56:40,160 --> 00:56:42,440
Speaker 3: is not that different, like you know, osher you might go,

1165
00:56:42,520 --> 00:56:44,680
Speaker 3: I really want to And I always use the example

1166
00:56:44,760 --> 00:56:46,920
Speaker 3: of I really want to start a candle business, but

1167
00:56:46,920 --> 00:56:50,000
Speaker 3: it's such a saturated market so many people won't do

1168
00:56:50,080 --> 00:56:53,279
Speaker 3: it because of that. But more often than not. People

1169
00:56:53,320 --> 00:56:55,640
Speaker 3: are buying from your business because of you, because of

1170
00:56:55,680 --> 00:56:58,160
Speaker 3: the value you put in, because of how you show

1171
00:56:58,280 --> 00:57:00,239
Speaker 3: up and what you do, And just because it's a

1172
00:57:00,280 --> 00:57:04,440
Speaker 3: saturated market doesn't mean you can't be successful. It goes

1173
00:57:04,480 --> 00:57:06,800
Speaker 3: back to that great You don't have to be the smartest,

1174
00:57:06,840 --> 00:57:09,240
Speaker 3: you don't have to be the prettiest candle in the shop,

1175
00:57:09,520 --> 00:57:12,680
Speaker 3: but you have to have some level of value and understanding.

1176
00:57:12,840 --> 00:57:15,960
Speaker 3: And I think that that's where my book kind of

1177
00:57:16,000 --> 00:57:19,320
Speaker 3: comes in because I'm not just talking about becoming the

1178
00:57:19,360 --> 00:57:23,200
Speaker 3: next you know, Naomi Simpson. It's about using business to

1179
00:57:23,240 --> 00:57:25,160
Speaker 3: your advantage to create the life you deserve.

1180
00:57:26,000 --> 00:57:28,080
Speaker 1: The name of this show, I mean I like things

1181
00:57:28,120 --> 00:57:29,720
Speaker 1: that do what they say on the box. You know,

1182
00:57:29,880 --> 00:57:31,400
Speaker 1: She's on the money. It does what it says in

1183
00:57:31,400 --> 00:57:32,240
Speaker 1: the box. I like it.

1184
00:57:32,560 --> 00:57:34,520
Speaker 3: Yeah, I would like to think I'm on the money.

1185
00:57:35,040 --> 00:57:35,440
Speaker 1: Yeah.

1186
00:57:35,560 --> 00:57:37,800
Speaker 2: This show is called better than Yesterday because it's something.

1187
00:57:37,880 --> 00:57:39,720
Speaker 2: It's a way of living my life.

1188
00:57:39,880 --> 00:57:41,640
Speaker 1: How do you how do you do that?

1189
00:57:41,720 --> 00:57:43,040
Speaker 2: If you do it all, how do you try to

1190
00:57:43,040 --> 00:57:44,960
Speaker 2: make today a little bit better than you did yesterday?

1191
00:57:45,680 --> 00:57:49,280
Speaker 3: I think honesty, Like, you've got to be honest with yourself.

1192
00:57:49,480 --> 00:57:53,560
Speaker 3: Today can't be better than yesterday, if you aren't, you know,

1193
00:57:53,680 --> 00:57:56,240
Speaker 3: being honest with yourself about what you're doing and how

1194
00:57:56,280 --> 00:57:59,480
Speaker 3: you're feeling and what that looks like. I think for me,

1195
00:57:59,600 --> 00:58:01,880
Speaker 3: you've heard it a couple of times in this interview,

1196
00:58:02,000 --> 00:58:04,400
Speaker 3: and I talk about it all the time. It's about

1197
00:58:04,400 --> 00:58:07,040
Speaker 3: that grit, Like if something is getting me down, I

1198
00:58:07,040 --> 00:58:08,680
Speaker 3: can sit in it. That's fine. I can have a

1199
00:58:08,680 --> 00:58:10,600
Speaker 3: little bit of a cry, like writing this book. That

1200
00:58:10,800 --> 00:58:13,000
Speaker 3: was a bit of a cry time, but like I'll

1201
00:58:13,040 --> 00:58:15,320
Speaker 3: get up the next day, I'll dust myself off and

1202
00:58:15,400 --> 00:58:18,280
Speaker 3: I will try and do more than I did yesterday.

1203
00:58:18,480 --> 00:58:21,680
Speaker 3: I think, having burnt myself out in my mid twenties

1204
00:58:21,720 --> 00:58:25,960
Speaker 3: literally like shingles, hospitalizations, all of that stuff, I learned

1205
00:58:26,000 --> 00:58:31,040
Speaker 3: a lot about how that wasn't serving me and what

1206
00:58:31,440 --> 00:58:35,600
Speaker 3: I needed to change. And you can't be dramatic. It's

1207
00:58:35,640 --> 00:58:38,720
Speaker 3: not sustainable. Like if you create eight steps that are

1208
00:58:38,800 --> 00:58:41,480
Speaker 3: far too big, you can't climb up them. But small

1209
00:58:41,480 --> 00:58:44,040
Speaker 3: steps in the right direction are still steps. And it's

1210
00:58:44,080 --> 00:58:45,640
Speaker 3: what I talk about in my Shoes on the Money

1211
00:58:45,680 --> 00:58:48,320
Speaker 3: community all the time, right, Like if you start small

1212
00:58:48,360 --> 00:58:52,120
Speaker 3: and you start strong, you can create this epic investment portfolio.

1213
00:58:52,480 --> 00:58:55,040
Speaker 3: But if you are waiting to become wealthy, or you're

1214
00:58:55,040 --> 00:58:57,080
Speaker 3: waiting for your next pay rise, or you're waiting for

1215
00:58:57,120 --> 00:58:59,880
Speaker 3: the next opportunity to come knocking. It just might not.

1216
00:59:00,720 --> 00:59:03,480
Speaker 3: And so I think it's always about this. Small steps

1217
00:59:03,480 --> 00:59:06,160
Speaker 3: in the right direction are still steps, even if they

1218
00:59:06,200 --> 00:59:09,920
Speaker 3: are tiny, because you will be better than yesterday if

1219
00:59:09,920 --> 00:59:11,320
Speaker 3: you're taking them in the right direction.

1220
00:59:12,120 --> 00:59:12,720
Speaker 1: I love it.

1221
00:59:13,280 --> 00:59:15,280
Speaker 2: Thank you so so much for taking the time to

1222
00:59:15,320 --> 00:59:18,240
Speaker 2: do this. Thanks for writing this book. I'm grateful that

1223
00:59:18,680 --> 00:59:20,240
Speaker 2: my kids grow up in a world where there's kind

1224
00:59:20,240 --> 00:59:23,800
Speaker 2: of informations out there and isn't so kept secret by

1225
00:59:23,880 --> 00:59:26,320
Speaker 2: a bunch of does who I went to the same school.

1226
00:59:26,920 --> 00:59:29,120
Speaker 3: They all did go to the same school, didn't.

1227
00:59:28,840 --> 00:59:32,280
Speaker 2: They have the best time ever? Have the best Christmas

1228
00:59:32,280 --> 00:59:36,840
Speaker 2: with your little one. It'll be so too, It's the best.

1229
00:59:36,920 --> 00:59:38,440
Speaker 3: I am very excited about it.

1230
00:59:38,560 --> 00:59:39,120
Speaker 1: I'm excited.

1231
00:59:39,120 --> 00:59:40,040
Speaker 3: I found it very excited.

1232
00:59:40,480 --> 00:59:42,120
Speaker 2: So you know what, I'm so excited because your kids

1233
00:59:42,160 --> 00:59:46,000
Speaker 2: pretty little, yet you get all of blue to.

1234
00:59:46,040 --> 00:59:47,280
Speaker 1: Experience for the first time.

1235
00:59:47,600 --> 00:59:50,400
Speaker 2: I would love to go back in time and have

1236
00:59:50,480 --> 00:59:54,960
Speaker 2: not seen Blueie ever. I've watched every episode probably forty times.

1237
00:59:55,160 --> 00:59:57,640
Speaker 3: I've never seen an episode of Bluie.

1238
00:59:57,480 --> 01:00:03,480
Speaker 1: Is Waiting ever in Australa. Unbelievable. It is such an incredible.

1239
01:00:03,160 --> 01:00:06,320
Speaker 3: If I've learned anything from this podcast, it's I have

1240
01:00:06,480 --> 01:00:09,880
Speaker 3: Bluie and that is going to make tomorrow better than yesterday.

1241
01:00:09,960 --> 01:00:12,439
Speaker 2: Yeah, and it also will make you a better parent,

1242
01:00:12,560 --> 01:00:14,080
Speaker 2: make me a better parent, I hope.

1243
01:00:14,120 --> 01:00:17,200
Speaker 3: So I'm working on it. I don't want to buy

1244
01:00:17,240 --> 01:00:19,120
Speaker 3: the expensive parenting books I show.

1245
01:00:19,280 --> 01:00:21,760
Speaker 1: No, we spend all the money on the snow. Thanks

1246
01:00:21,800 --> 01:00:23,240
Speaker 1: thanks for coming on the show.

1247
01:00:23,440 --> 01:00:24,240
Speaker 3: Thanks for having me.

1248
01:00:25,760 --> 01:00:29,040
Speaker 1: And that was Victoria de Vine. She's fantastic.

1249
01:00:29,080 --> 01:00:33,160
Speaker 2: She's already a three time best selling author, and probably

1250
01:00:33,200 --> 01:00:34,880
Speaker 2: she's going to be a four time best selling author.

1251
01:00:34,920 --> 01:00:36,840
Speaker 2: Of the business Bible is out right now. The linkers

1252
01:00:36,840 --> 01:00:39,200
Speaker 2: in the show notes, thank you so much for listening.

1253
01:00:39,240 --> 01:00:41,760
Speaker 2: Come and check us out Sunday night, seven o'clock the

1254
01:00:41,800 --> 01:00:44,760
Speaker 2: Comedy Store Entertainment Quarter in Moore Park, next to the SCG.

1255
01:00:45,360 --> 01:00:48,840
Speaker 2: Joining me on stage with Zoe or To Lodge, Tanya Hennessy,

1256
01:00:49,000 --> 01:00:53,160
Speaker 2: Rosie Wordland, Harry Garside, Emma Wortley, DJ Hookie, Tom Nash.

1257
01:00:53,200 --> 01:00:55,800
Speaker 1: She's going to come join us. It's a beautiful night.

1258
01:00:55,840 --> 01:00:56,520
Speaker 1: It's a fun night.

1259
01:00:56,600 --> 01:01:00,000
Speaker 2: Sit there, listeners, some true stories, have a laugh. It's

1260
01:00:59,800 --> 01:01:01,720
Speaker 2: the end of year. It's hard this time of year.

1261
01:01:02,160 --> 01:01:03,640
Speaker 2: Get a bit of a giggly and on a Sunday

1262
01:01:03,680 --> 01:01:05,520
Speaker 2: night before you head off to work on Monday.

1263
01:01:05,560 --> 01:01:08,160
Speaker 1: Just before you ran everything out. Thanks for listening to

1264
01:01:08,200 --> 01:01:09,960
Speaker 1: the show. Thanks to everyone to helping make it happen.

1265
01:01:10,000 --> 01:01:11,439
Speaker 1: To Andy Maher Audio.

1266
01:01:11,200 --> 01:01:14,200
Speaker 2: Post production, bes ed On Video post production, Monica Chapman's

1267
01:01:14,240 --> 01:01:15,640
Speaker 2: my executive function assistant.

1268
01:01:15,640 --> 01:01:17,040
Speaker 1: I'll see you back here on Monday.

1269
01:01:17,440 --> 01:01:18,960
Speaker 3: Bye.