WEBVTT - The truth about financial luck

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<v Speaker 1>Welcome to How Do They Afford That, The podcast that

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<v Speaker 1>peaks into the financial lives of everyday Australians. I'm Michael Thompson.

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<v Speaker 1>I'm an author and the co host of the business

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<v Speaker 1>news podcast Fear and Greed, and as always I'm joined

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<v Speaker 1>in the studio by financial planner Canna campbell Ley, founder

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<v Speaker 1>of Sugar Mama TV, the financial literacy platform that is

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<v Speaker 1>just about everywhere YouTube, Instagram, podcast like this one. Hello, Canna,

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<v Speaker 1>good morning.

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<v Speaker 2>How are you?

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<v Speaker 1>I am well, and I'm intrigued because today's episode just

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<v Speaker 1>a little bit different.

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<v Speaker 2>It's actually one that I requested.

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<v Speaker 1>Yes, which is you know what You're very insistent I

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<v Speaker 1>want to talk about. Luck is basically what you said,

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<v Speaker 1>and this idea of kind of why do some people

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<v Speaker 1>seem to get ahead what seems to be very easily right,

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<v Speaker 1>while others feel like they're constantly on the back foot.

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<v Speaker 1>Is it luck, financial luck that is kind of playing

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<v Speaker 1>a role here, or is it something else? Is there

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<v Speaker 1>some kind of secret ingredient may be that it is

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<v Speaker 1>causing them to get ahead? And if it is in

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<v Speaker 1>fact luck, if it is some kind of financial luck,

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<v Speaker 1>how can we improve it? If we feel like we

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<v Speaker 1>are maybe the unlucky ones. When someone says right that

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<v Speaker 1>they are financially lucky, what are they referring to? What

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<v Speaker 1>are we kind of talking about here?

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<v Speaker 2>So normally it's something like after the lucky event. So

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<v Speaker 2>you know, someone has bought a home before a massive boom,

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<v Speaker 2>or someone got a really high paid work opportunity or contract,

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<v Speaker 2>or someone has financial support or you know particular type

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<v Speaker 2>of like special education or is well connected to you know,

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<v Speaker 2>a wealthy, successful uncle or a rich grandmother, or you know,

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<v Speaker 2>they happen just to make the right investment at the

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<v Speaker 2>right time. And this is where people, you know, I

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<v Speaker 2>say it's after the event, because people are looking at

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<v Speaker 2>the outcome completely disregarding the process behind the scene. Because underneath,

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<v Speaker 2>luck is so much about the timing, the access, the

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<v Speaker 2>exposure to the opportunity, the resilience, you know, because obviously

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<v Speaker 2>some things are full of risk, and you've got to

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<v Speaker 2>really sort of you know, if you're feeling nervous, you've

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<v Speaker 2>got to weigh up all those risks, you know. And

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<v Speaker 2>also they've got to have the ability to have the

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<v Speaker 2>income or perhaps even the savings to be able to

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<v Speaker 2>be in a position to actually take on those risks

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<v Speaker 2>or borrow that money, or you know, actually be able

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<v Speaker 2>to experience that particular event.

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<v Speaker 1>All right, I'm already starting to get a feel for

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<v Speaker 1>the way that you think about financial luck. Does this

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<v Speaker 1>mean then that you don't think luck just as a

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<v Speaker 1>as a kind of almost like a almost a supernatural

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<v Speaker 1>thing plays a big role in financial outcomes. It's more

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<v Speaker 1>about a combination of those other things.

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<v Speaker 2>I think luck plays a huge element in someone's financial success.

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<v Speaker 1>One day, but it's going to make a success alone.

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<v Speaker 2>It isn't like I'm going to be really firm about that.

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<v Speaker 2>You know. This is why say, if you look behind

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<v Speaker 2>the scenes, go deeper as to what the person's gone through.

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<v Speaker 2>You know, nine times out of ten it has been

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<v Speaker 2>a huge amount of really hard work. It's about, you know,

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<v Speaker 2>being consistent over a long period of time, is about

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<v Speaker 2>it being incredibly patient, mentally resilient. It particularly when things

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<v Speaker 2>have been you know, scary and fragile, and also having

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<v Speaker 2>a sound system you know, behind you, enabling you to

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<v Speaker 2>stick to the process and the strategy in order to

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<v Speaker 2>create this successful or lucky outcome.

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<v Speaker 1>Okay, so there is clearly then what luck feels like.

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<v Speaker 1>It's an overarching term then that describes the position that

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<v Speaker 1>you are in once you have done the hard work,

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<v Speaker 1>that you have opened yourself up to those opportunities. You

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<v Speaker 1>have demonstrated your willingness to have a go and get

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<v Speaker 1>in there and put yourself out there. So does that

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<v Speaker 1>I mean then the difference between luck and positioning there

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<v Speaker 1>really isn't one.

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<v Speaker 2>Well, hen, let's just go back a second, because there's

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<v Speaker 2>actually some science behind you know, luck and successful outcomes.

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<v Speaker 2>And there is Professor Alessandro paul Chino, who is I believe,

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<v Speaker 2>an Italian professor of theoretical physics, and he's won two

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<v Speaker 2>Nobel Prizes about this, and he was actually this is

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<v Speaker 2>I think important to flag before we jump into the

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<v Speaker 2>next question. But he was able from his studies to

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<v Speaker 2>prove that success is actually you know, and success when

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<v Speaker 2>I say luck is from talent, from of course lucky events,

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<v Speaker 2>but also from taking actions. And what his studies showed

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<v Speaker 2>is it isn't actually necessarily the smartest people that or

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<v Speaker 2>even the most talent people that were lucky and successful.

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<v Speaker 2>It was simply because they actually acted on those opportunities.

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<v Speaker 2>So yes, luck might open the door, but you've still

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<v Speaker 2>got to be able to turn that door knob and

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<v Speaker 2>walk through bravely, all.

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<v Speaker 1>Right, And to what extent then can you create your

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<v Speaker 1>own luck? And I think we will after the break,

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<v Speaker 1>we'll kind of get to the ways that you can

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<v Speaker 1>do it. But by the sounds of this, you can

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<v Speaker 1>actually manufacture those circumstances and that mindset that allows you

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<v Speaker 1>to take advantage of financial luck.

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<v Speaker 2>So this is to answer your question about you know,

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<v Speaker 2>luck and positioning. So luck is obviously being in the

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<v Speaker 2>right place at the right time, you just got lucky.

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<v Speaker 2>Positioning is different and that you intentionally put yourself in

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<v Speaker 2>places where you know these opportunities can find you and

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<v Speaker 2>even land in your lap. So it's like someone who

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<v Speaker 2>really wants to meet a new partner. You know, they've

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<v Speaker 2>been single for a while and they desperately want to

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<v Speaker 2>meet the one, But yet they go and spend all

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<v Speaker 2>their weekends sitting at home watching Netflix. They're not positioning

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<v Speaker 2>themselves to go and meet someone of the blue bump

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<v Speaker 2>into them. You know, they're staying at home, so they're

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<v Speaker 2>not positioning themselves in order to help make that luck

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<v Speaker 2>actually happen.

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<v Speaker 1>Okay, this is sounding an awful lot like manifesting by stealth.

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<v Speaker 2>No, like if we think about it from a practical

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<v Speaker 2>point of view. You know, when you put yourself out

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<v Speaker 2>there and you have connections with people and you see opportunities,

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<v Speaker 2>but you also then act on opportunities. This is where

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<v Speaker 2>we start to create the shifts and we start to

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<v Speaker 2>actually see that there is an ability or an opportunity

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<v Speaker 2>to make things different and better. And it also, I

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<v Speaker 2>really believe it shifts our mood and how we actually

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<v Speaker 2>show up when we can see that there is potential,

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<v Speaker 2>there is hope, or there is faith.

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<v Speaker 1>Okay, is there a risk then that you can attribute

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<v Speaker 1>too much to this idea of luck because if all

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<v Speaker 1>of a sudden you just go Joe blogs He's always

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<v Speaker 1>so lucky, he always gets all of these things, and

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<v Speaker 1>I'm always so unlucky, none of it ever comes to me.

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<v Speaker 1>There's a luck of accountability there.

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<v Speaker 2>Right, one hundred percent. And also it creates this sense

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<v Speaker 2>of helplessness, which is what I'm sort of talking about.

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<v Speaker 2>You know, why would I even bother trying? Which is

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<v Speaker 2>very disempowering, and it keeps you playing and playing as

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<v Speaker 2>a victim, you know, which doesn't help anyone. But also

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<v Speaker 2>when you attribute a lot, you know, things that have

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<v Speaker 2>happened in your life to luck, it builds gratitude, and

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<v Speaker 2>I think that's really important and also helps keep you

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<v Speaker 2>humble as well. You know, there are things in my

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<v Speaker 2>life where I think, Wow, this happened. I'm so incredibly lucky,

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<v Speaker 2>and I'm so incredibly grateful. Things aren't lost on me

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<v Speaker 2>that have happened in my life.

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<v Speaker 1>Okay, I don't want to sound like I don't believe you,

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<v Speaker 1>because I do.

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<v Speaker 2>I do.

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<v Speaker 1>I genuinely do believe you about the way this works.

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<v Speaker 1>But on the flip side to good luck and positioning

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<v Speaker 1>yourself well and appreciating those opportunities when they come and

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<v Speaker 1>acknowledging that, hey, not everybody gets those opportunities, and so

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<v Speaker 1>there is an element of luck there. But on the

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<v Speaker 1>flip side to that bad luck. And when you are

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<v Speaker 1>someone who feels like that that bad things keep happening

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<v Speaker 1>to you, how much of that is bad luck? And

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<v Speaker 1>how much of it just comes down to a lack

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<v Speaker 1>of planning, a lack of your financial buffers. When surely

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<v Speaker 1>everyone gets bad things happening at times, but just some

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<v Speaker 1>have equipped themselves better to deal with it.

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<v Speaker 2>There is no doubt about it. There are things that

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<v Speaker 2>genuinely happen that are bad luck, like a job loss,

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<v Speaker 2>getting sick, being in an accident, unexpected expenses. You know,

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<v Speaker 2>but this is where that lack of buffers really does

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<v Speaker 2>increase your exposure and your vulnerability. And you know, this

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<v Speaker 2>is where things can you know, spiral and you know

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<v Speaker 2>it's really unfortunate. So you know, bad luck and not

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<v Speaker 2>having a safety net can have a very dangerous toxic

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<v Speaker 2>domino effect. You know, you get sick, so therefore you

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<v Speaker 2>can't work. You can't work, so you can't pay the rent.

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<v Speaker 2>You then have a risk of being a vi did

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<v Speaker 2>which then obviously damages your tendency records and even your

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<v Speaker 2>credit record, and then it's much harder to recover. There

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<v Speaker 2>is no doubt about it. So you do need to

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<v Speaker 2>obviously be sensible and why and understand that bad luck

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<v Speaker 2>happens to everyone, but you need to build some safety

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<v Speaker 2>nets as you can as your situation allows to help,

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<v Speaker 2>I guess, quarantine any bad luck and allow you to

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<v Speaker 2>get back on your feet.

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<v Speaker 1>Ah. Look, this is a rare episode of this one

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<v Speaker 1>where it feels almost as though I'm getting more skeptical

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<v Speaker 1>the further we go on. But I think we're going

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<v Speaker 1>to take a quick break on the other side of

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<v Speaker 1>the break, My skepticism is going to get moved to

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<v Speaker 1>one side, and you are going to give me a

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<v Speaker 1>masterclass in increasing my own financial luck. And I suspect

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<v Speaker 1>part of that is to stop being so skeptical and

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<v Speaker 1>questioning everyone and everything.

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<v Speaker 2>You read my mind.

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<v Speaker 1>Okay, quick break back with more cana. We are talking

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<v Speaker 1>today about financial luck, about whether some people are just

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<v Speaker 1>inherently lucky when it comes to money and others have

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<v Speaker 1>been cursed with bad luck from the day they were

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<v Speaker 1>they were born. We've gone through the idea of positioning

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<v Speaker 1>and how kind of setting yourself up for success, but

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<v Speaker 1>also being open to those opportunities when they come, knowing

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<v Speaker 1>that that sometimes things just happen. And if you are

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<v Speaker 1>in that mindset and being able and being prepared to

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<v Speaker 1>accept it when it comes, then you're going to be

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<v Speaker 1>in a better position. How can you increase your own

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<v Speaker 1>financial luck if you're one of these unlucky ones who

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<v Speaker 1>just like the car breaks down one week, you finally

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<v Speaker 1>start investing, and then all of the market crashes and

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<v Speaker 1>all of these kinds of things, or you lose your job,

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<v Speaker 1>how do you go about trying to overhaul and increase

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<v Speaker 1>your financial luck.

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<v Speaker 2>So the first place to start with, which is going

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<v Speaker 2>to be hard for you to swallow here, but a

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<v Speaker 2>sense of gratitude because you're taking your mindset from a

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<v Speaker 2>place of scarcity, you know, an awareness, so you actually

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<v Speaker 2>look at what you've got. When things happen, when we're

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<v Speaker 2>feeling I've had a really bad day or I'm just

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<v Speaker 2>going through a bad phase of bad luck, i just

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<v Speaker 2>can't help. But you know, get hit with things that are,

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<v Speaker 2>you know, coming left, right and center at me. This

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<v Speaker 2>is where I was talking about that victim mentality. But

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<v Speaker 2>if you can just stop and take a moment to think, well,

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<v Speaker 2>you know what, look at what.

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<v Speaker 1>I do have?

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<v Speaker 2>You know, all right, I've got two beautiful, healthy children.

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<v Speaker 2>I have a job which really I love and it

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<v Speaker 2>fulfills me. I have and by the way, I'm talking

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<v Speaker 2>about you, not me.

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<v Speaker 1>You've just forgotten one of your kids.

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<v Speaker 2>Yes, I have a fabulous wife who is hilarious and

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<v Speaker 2>witty and makes the best cupcakes in the world. I have,

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<v Speaker 2>you know, a roof over my head. I have some

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<v Speaker 2>money in my bank account. When you can start to

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<v Speaker 2>appreciate what you have, that tends to raise your mood,

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<v Speaker 2>and as Oprah says, what we appreciate appreciates, But it

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<v Speaker 2>stops that toxic spiral that we can do where we

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<v Speaker 2>start to catastrophize everything and we think, oh, here it comes,

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<v Speaker 2>and we start almost for this confirmation bias, look for

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<v Speaker 2>the next negative thing that's coming away, just to confirm

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<v Speaker 2>to ourselves of look like, look how unlucky I am.

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<v Speaker 2>I can't seem to get any breaks. I can't seem

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<v Speaker 2>to win everything, and everyone around me is winning. Is

0:12:15.000 --> 0:12:17.200
<v Speaker 2>this something you're relating to? It's fascinating.

0:12:17.280 --> 0:12:19.200
<v Speaker 1>Oh I do that probably three or four times a year.

0:12:19.360 --> 0:12:20.720
<v Speaker 1>It's a quarterly spiral.

0:12:21.800 --> 0:12:23.400
<v Speaker 2>Look and every and now and again even I get

0:12:23.440 --> 0:12:25.160
<v Speaker 2>a bit like that. And so just tooms you've got

0:12:25.240 --> 0:12:27.240
<v Speaker 2>to help each other out. So in stcemarily having a

0:12:27.280 --> 0:12:29.199
<v Speaker 2>negative moment, give me a call and I'll get you

0:12:29.280 --> 0:12:31.560
<v Speaker 2>back out of it. But when you start, when you

0:12:31.559 --> 0:12:33.880
<v Speaker 2>can catch yourself and you can go all right, take

0:12:33.920 --> 0:12:35.920
<v Speaker 2>a press pause. What have I actually got here? Let's

0:12:35.920 --> 0:12:38.160
<v Speaker 2>get a big picture here all the wonderful things that

0:12:38.200 --> 0:12:40.560
<v Speaker 2>I have in my life. It then sort of presses

0:12:40.600 --> 0:12:42.920
<v Speaker 2>pause and allows you to actually see, all, okay, what

0:12:42.960 --> 0:12:44.840
<v Speaker 2>can I do about this. What are the opportunities around

0:12:44.880 --> 0:12:47.160
<v Speaker 2>me to fix this? Do I have any faith and

0:12:47.240 --> 0:12:50.160
<v Speaker 2>belief in myself to actually move through this and bring

0:12:50.200 --> 0:12:52.760
<v Speaker 2>all the pieces back together again? You know? Am I

0:12:52.840 --> 0:12:55.360
<v Speaker 2>willing to actually have a go and try it fixing?

0:12:55.400 --> 0:12:58.960
<v Speaker 2>What's that? What's happened? And many people don't actually lack opportunity.

0:12:59.080 --> 0:13:03.280
<v Speaker 2>They sometimes just like the courage to act, you know,

0:13:03.360 --> 0:13:06.240
<v Speaker 2>so's you can. That's where I talk about this victim mentality.

0:13:06.320 --> 0:13:08.439
<v Speaker 2>They just sit because and some people actually like being

0:13:08.440 --> 0:13:11.040
<v Speaker 2>a victim. I know that sounds really harsh and bitchy

0:13:11.080 --> 0:13:13.720
<v Speaker 2>to say, but I've seen this firsthand where they love

0:13:13.760 --> 0:13:15.760
<v Speaker 2>the attention that they get from being a victim and

0:13:15.760 --> 0:13:19.920
<v Speaker 2>they stay there. You know it's Is it disenabling? I

0:13:19.920 --> 0:13:22.960
<v Speaker 2>think is the word almost? And that's why I really

0:13:23.040 --> 0:13:27.600
<v Speaker 2>want to create this conversation around luck and that you

0:13:27.679 --> 0:13:30.880
<v Speaker 2>can actually cultivate it within yourself. And you know, it

0:13:30.960 --> 0:13:34.120
<v Speaker 2>starts by gratitude and also talking about yourself in a

0:13:34.240 --> 0:13:38.560
<v Speaker 2>positive way. For example, do you think you're lucky? Yes?

0:13:39.280 --> 0:13:43.240
<v Speaker 1>What would you believe? Oh my god, you made me

0:13:43.320 --> 0:13:46.120
<v Speaker 1>do a yes or no answer and it forced me

0:13:46.320 --> 0:13:48.640
<v Speaker 1>to reveal it. Yes, I do actually believe that I

0:13:48.679 --> 0:13:50.040
<v Speaker 1>am that I am lucky?

0:13:50.320 --> 0:13:52.360
<v Speaker 2>And would you say that in feeling lucky, you're more

0:13:52.400 --> 0:13:55.480
<v Speaker 2>willing to take chances and jump on opportunities.

0:13:56.160 --> 0:13:59.160
<v Speaker 1>Yes, yes, because I also have this belief that everything

0:13:59.200 --> 0:14:00.200
<v Speaker 1>will work out in the end.

0:14:00.800 --> 0:14:04.640
<v Speaker 2>This is sounding very positive like claffhast full. Would you

0:14:04.679 --> 0:14:07.040
<v Speaker 2>say that you're more willing to put yourself in different

0:14:07.520 --> 0:14:12.360
<v Speaker 2>and new environments and have different conversations with people you

0:14:12.400 --> 0:14:14.600
<v Speaker 2>may have never met before, always wanted to speak with

0:14:15.000 --> 0:14:19.320
<v Speaker 2>to help cultivate more things or positivity and successful outcomes

0:14:19.320 --> 0:14:20.640
<v Speaker 2>and lucky outcomes in your life.

0:14:20.680 --> 0:14:23.920
<v Speaker 1>Okay, you've gone way too far. Now, that's well outside

0:14:23.920 --> 0:14:27.320
<v Speaker 1>of my comfort zone. Us you are an in Yeah, yeah,

0:14:27.320 --> 0:14:30.320
<v Speaker 1>but no, I genuinely talk to at.

0:14:30.320 --> 0:14:32.359
<v Speaker 2>Least recognize there are more opportunities.

0:14:32.480 --> 0:14:35.440
<v Speaker 1>Oh yes, absolutely. And the more conversations that you have

0:14:35.520 --> 0:14:37.720
<v Speaker 1>with people that you don't know, the more opportunities do

0:14:37.760 --> 0:14:40.440
<v Speaker 1>come up. I absolutely see that, and I do appreciate

0:14:40.480 --> 0:14:42.800
<v Speaker 1>that that is an important part of it. I just

0:14:43.360 --> 0:14:47.840
<v Speaker 1>would prefer not to speak to anybody ever again.

0:14:48.200 --> 0:14:49.280
<v Speaker 2>Am I on that list as well?

0:14:50.560 --> 0:14:50.600
<v Speaker 1>No?

0:14:52.480 --> 0:14:52.720
<v Speaker 2>Start?

0:14:52.960 --> 0:14:54.640
<v Speaker 1>Did you like how long I thought about that?

0:14:54.720 --> 0:14:56.320
<v Speaker 2>Yeah? No, your nose is growing. It's fine.

0:14:56.400 --> 0:14:57.760
<v Speaker 1>No, No, No, were okay, but.

0:14:57.840 --> 0:14:59.920
<v Speaker 2>You know when it kept boiling it back down to money.

0:15:00.280 --> 0:15:02.560
<v Speaker 2>Having those conversations, when you have a bit of faith,

0:15:02.960 --> 0:15:05.040
<v Speaker 2>you can tell yourself you're you know, actually I'm not

0:15:05.040 --> 0:15:06.880
<v Speaker 2>on lucky. I'm actually quite like because look what I've

0:15:06.920 --> 0:15:09.200
<v Speaker 2>got so there, and you can start talking about the ideas,

0:15:09.200 --> 0:15:12.040
<v Speaker 2>the strategies, the solutions to help rebuild your luck and

0:15:12.080 --> 0:15:14.560
<v Speaker 2>rebuild greater fortune and success.

0:15:15.000 --> 0:15:18.080
<v Speaker 1>At a practical level, what about building up the kind

0:15:18.080 --> 0:15:22.040
<v Speaker 1>of your emergency money, your buffers, just those those really

0:15:22.120 --> 0:15:25.280
<v Speaker 1>practical things so that when you do get hit by

0:15:25.640 --> 0:15:28.720
<v Speaker 1>bad luck, it doesn't just completely overwhelm you.

0:15:30.000 --> 0:15:33.320
<v Speaker 2>So incredibly important and you know, this is where things

0:15:33.400 --> 0:15:35.480
<v Speaker 2>get really messy, and this is where people end up

0:15:35.480 --> 0:15:38.640
<v Speaker 2>being homeless, like this is like this call it as

0:15:38.640 --> 0:15:40.760
<v Speaker 2>it is, you know, not having that emergency money to

0:15:41.160 --> 0:15:43.440
<v Speaker 2>back yourself. And you know, I always say, you know,

0:15:43.520 --> 0:15:46.040
<v Speaker 2>building wealth is like building a house. If you want

0:15:46.040 --> 0:15:48.240
<v Speaker 2>to build a house that survives all the elements, the rain,

0:15:48.360 --> 0:15:50.560
<v Speaker 2>the storm, the fires, you've got to build it with

0:15:50.600 --> 0:15:54.320
<v Speaker 2>a really strong foundation. And that foundation is savings, having

0:15:54.320 --> 0:15:57.040
<v Speaker 2>emergency money so that if you know, you can quickly

0:15:57.080 --> 0:15:59.680
<v Speaker 2>and easily get back on your feet again and you

0:15:59.680 --> 0:16:01.720
<v Speaker 2>you know, even if it does mean starting from scratch,

0:16:01.760 --> 0:16:03.760
<v Speaker 2>you have all the strategies behind you because you've done

0:16:03.760 --> 0:16:05.960
<v Speaker 2>it before and you can repeat it again and get faster.

0:16:06.240 --> 0:16:09.720
<v Speaker 1>So, say I want to become a more financially lucky person.

0:16:11.200 --> 0:16:14.600
<v Speaker 1>What behaviors do I need to be changing? Is there

0:16:14.640 --> 0:16:18.040
<v Speaker 1>anything in particular? And so obviously the first step is

0:16:18.080 --> 0:16:22.040
<v Speaker 1>to start from a place of gratitude. Is there anything

0:16:22.240 --> 0:16:25.760
<v Speaker 1>else in terms of not just mindset, but behaviors, practical

0:16:25.920 --> 0:16:26.800
<v Speaker 1>practical points.

0:16:26.840 --> 0:16:30.200
<v Speaker 2>Okay, so number one is obviously having some goals. You know,

0:16:30.280 --> 0:16:32.160
<v Speaker 2>it's great to be lucky, but where are you going

0:16:32.200 --> 0:16:34.240
<v Speaker 2>to channel all that energy and that luck and that

0:16:34.320 --> 0:16:38.000
<v Speaker 2>focus having those goals? Obviously, then doing a budget, you know,

0:16:38.320 --> 0:16:40.640
<v Speaker 2>making sure all your budget is aligned to your values,

0:16:40.680 --> 0:16:42.440
<v Speaker 2>and you feel lucky to have a budget. You have,

0:16:42.760 --> 0:16:45.200
<v Speaker 2>feel lucky to earn income or have money that you

0:16:45.280 --> 0:16:48.560
<v Speaker 2>actually have the privilege of actually having to actually allocate

0:16:48.560 --> 0:16:52.160
<v Speaker 2>money to what you want. That's itself is a very privileged,

0:16:52.200 --> 0:16:54.560
<v Speaker 2>lucky position to be in. And especially when we look

0:16:54.600 --> 0:16:56.520
<v Speaker 2>around the world right now, then of course, you know,

0:16:56.560 --> 0:16:59.880
<v Speaker 2>building up the savings, you know, we lucky to have savings.

0:17:01.400 --> 0:17:03.600
<v Speaker 2>We are in a privileged position if we can look

0:17:03.640 --> 0:17:07.840
<v Speaker 2>at our investments. If we have an investment portfolio, even

0:17:07.880 --> 0:17:09.800
<v Speaker 2>if it's only small, son, you got ten dollars in

0:17:09.840 --> 0:17:12.080
<v Speaker 2>your investment account, we can build up from that. That

0:17:12.160 --> 0:17:14.760
<v Speaker 2>is a lucky place to be building up upon from.

0:17:15.080 --> 0:17:18.560
<v Speaker 2>And superannuation, which most of our listeners would have super aneration.

0:17:18.960 --> 0:17:21.800
<v Speaker 2>Aren't we lucky to have superannuation? Like we have one

0:17:21.800 --> 0:17:25.080
<v Speaker 2>of the best retirement plans in the world, You know

0:17:25.400 --> 0:17:28.199
<v Speaker 2>we are. We're hopefully moving to a world where we

0:17:28.240 --> 0:17:31.560
<v Speaker 2>aren't going to be as reliant on the government further

0:17:31.600 --> 0:17:34.560
<v Speaker 2>say the age pension. We can be self funded retirees

0:17:34.600 --> 0:17:37.240
<v Speaker 2>if we engage with us super correctly, listen to these

0:17:37.240 --> 0:17:40.560
<v Speaker 2>podcasts every week and follow the advice that we try

0:17:40.600 --> 0:17:44.080
<v Speaker 2>to instill in everyone. So we are actually very very

0:17:44.119 --> 0:17:46.919
<v Speaker 2>lucky with the opportunities around on us, around on us.

0:17:46.920 --> 0:17:50.320
<v Speaker 2>So around us it comes down to are we going

0:17:50.320 --> 0:17:52.160
<v Speaker 2>to step up and jump on them to the best

0:17:52.160 --> 0:17:54.600
<v Speaker 2>of our ability? Obviously keeping in mind right now that

0:17:54.760 --> 0:17:57.000
<v Speaker 2>things are you know, are tight, but are we at

0:17:57.119 --> 0:17:58.160
<v Speaker 2>least going to have a go.

0:17:59.880 --> 0:18:05.760
<v Speaker 1>I like that, I reckon you may have just converted me.

0:18:06.160 --> 0:18:07.880
<v Speaker 2>Can I tell you a little hack I do at home?

0:18:08.280 --> 0:18:08.879
<v Speaker 1>Oh? Please.

0:18:09.200 --> 0:18:11.720
<v Speaker 2>I tell myself all the time, I'm a lucky person,

0:18:12.119 --> 0:18:14.120
<v Speaker 2>really all the time. And I tell my kids all

0:18:14.160 --> 0:18:17.040
<v Speaker 2>the time, you guys are so lucky, and you know,

0:18:17.119 --> 0:18:18.960
<v Speaker 2>you're lucky that we get to do this. You're lucky

0:18:19.000 --> 0:18:21.440
<v Speaker 2>that you've got experience. That you're lucky, you know, I'd

0:18:21.560 --> 0:18:25.600
<v Speaker 2>constantly say. And so they genuinely believe they are lucky people.

0:18:25.960 --> 0:18:28.359
<v Speaker 2>And I think, you know, having that inner faith in yourself,

0:18:28.400 --> 0:18:31.520
<v Speaker 2>that quiet inner faith. It's not boastful, it's not arrogant,

0:18:32.200 --> 0:18:34.840
<v Speaker 2>you know, it's not materialistic. It's just like a bit

0:18:34.880 --> 0:18:37.840
<v Speaker 2>of confidence and faith in yourself to see that the

0:18:37.880 --> 0:18:38.920
<v Speaker 2>glass is half full.

0:18:41.000 --> 0:18:47.840
<v Speaker 1>I am actually quite surprised that what you've done, I

0:18:47.840 --> 0:18:50.320
<v Speaker 1>think is actually put into words something that a lot

0:18:50.359 --> 0:18:54.720
<v Speaker 1>of people feel without necessarily acknowledging. I think we take

0:18:54.760 --> 0:18:57.439
<v Speaker 1>for granted a lot of things in this country. The

0:18:57.520 --> 0:19:01.080
<v Speaker 1>support that is available, the welfare is available, that if

0:19:01.119 --> 0:19:03.040
<v Speaker 1>you do fall upon hard times, there is a lot

0:19:03.080 --> 0:19:05.439
<v Speaker 1>of support. But also the fact that we do have

0:19:05.480 --> 0:19:09.000
<v Speaker 1>the opportunity for jobs and you can potentially go and

0:19:09.040 --> 0:19:11.920
<v Speaker 1>get another job if you need, if you need to supplement,

0:19:11.920 --> 0:19:14.880
<v Speaker 1>that that there is good healthcare, that there is good education,

0:19:14.960 --> 0:19:17.639
<v Speaker 1>there is a lot of good things going on, and

0:19:17.680 --> 0:19:19.399
<v Speaker 1>you just need to look elsewhere in the world to

0:19:19.400 --> 0:19:23.280
<v Speaker 1>realize we actually do have it good here. We are lucky,

0:19:24.080 --> 0:19:27.399
<v Speaker 1>and you have just kind of enunciated that very very clearly.

0:19:27.560 --> 0:19:30.439
<v Speaker 1>I like that you have converted me at lost for

0:19:31.160 --> 0:19:33.840
<v Speaker 1>you have converted me from a luck nicest thing you've

0:19:33.840 --> 0:19:36.399
<v Speaker 1>ever said to me, from a luck skeptic to a

0:19:36.520 --> 0:19:39.480
<v Speaker 1>luck believer. And I do still feel that there might

0:19:39.480 --> 0:19:41.320
<v Speaker 1>have been a little bit of manifesting in there that

0:19:41.359 --> 0:19:44.560
<v Speaker 1>you are trying to kind of No. Okay, no, no,

0:19:44.680 --> 0:19:46.760
<v Speaker 1>that's fine, that's fine. We will save manifest I talk

0:19:46.760 --> 0:19:51.240
<v Speaker 1>about visualization. No, no, no, I don't think you did. Actually, okay,

0:19:51.240 --> 0:19:54.199
<v Speaker 1>we're in the clear no manifesting manifesting free zone. If

0:19:54.240 --> 0:19:56.840
<v Speaker 1>anyone wants to find more information from you about luck,

0:19:57.280 --> 0:20:00.000
<v Speaker 1>where would we find you.

0:20:00.000 --> 0:20:02.800
<v Speaker 2>The best place to reach me is through Instagram.

0:20:02.160 --> 0:20:06.120
<v Speaker 1>Okay, Sugar Mama TV, and you can hear me every

0:20:06.200 --> 0:20:08.760
<v Speaker 1>day with Sew nail Or on Fear and Greed business News.

0:20:08.760 --> 0:20:10.440
<v Speaker 1>You can use. Thank you very much for listening to

0:20:10.480 --> 0:20:13.359
<v Speaker 1>how do they afford that? Remember to hit the follow

0:20:13.480 --> 0:20:15.720
<v Speaker 1>on the podcast. And the very best thing that you

0:20:15.760 --> 0:20:18.640
<v Speaker 1>can do is tell somebody else about the podcast. Send

0:20:18.680 --> 0:20:20.359
<v Speaker 1>them a link to the episode if you think that

0:20:20.400 --> 0:20:22.919
<v Speaker 1>they might benefit from hearing it. Thank you for your company.

0:20:23.119 --> 0:20:24.160
<v Speaker 1>Join us again next week.