1 00:00:00,320 --> 00:00:04,120 Speaker 1: This is Cheesy's wealthcack a series to help change your fortune. 2 00:00:04,559 --> 00:00:08,920 Speaker 2: Victor Hugo liked to party these days. He's known for 3 00:00:08,960 --> 00:00:12,720 Speaker 2: classics like The Hunchback of Notre Dame and Lem Mazerabla. 4 00:00:13,200 --> 00:00:13,840 Speaker 3: Back in the day. 5 00:00:14,240 --> 00:00:17,319 Speaker 2: The author was also famous for his parties, where every 6 00:00:17,400 --> 00:00:20,840 Speaker 2: night dozens of guests ate, drank and got to see 7 00:00:20,840 --> 00:00:23,360 Speaker 2: his party trick of shoving a whole orange in his 8 00:00:23,480 --> 00:00:26,000 Speaker 2: mouth along with as many sugar cubes as he could 9 00:00:26,000 --> 00:00:29,040 Speaker 2: stuff in. Then he'd chew through the orange, quaff two 10 00:00:29,040 --> 00:00:33,199 Speaker 2: glasses of cherry liqueur, and swallow. He loved whole lobsters 11 00:00:33,200 --> 00:00:36,800 Speaker 2: in the shell, wine and generally being the life. 12 00:00:36,600 --> 00:00:37,120 Speaker 3: Of the party. 13 00:00:37,600 --> 00:00:39,559 Speaker 2: He was also known to be a loyal customer of 14 00:00:39,600 --> 00:00:42,479 Speaker 2: Paris's brothels, and the story goes that they all closed 15 00:00:42,479 --> 00:00:46,160 Speaker 2: on the day of his funeral. But all that tended 16 00:00:46,159 --> 00:00:48,680 Speaker 2: to get in the way of his writing. Hugo found 17 00:00:48,680 --> 00:00:51,200 Speaker 2: it difficult to knuckle down and focus on his work 18 00:00:51,280 --> 00:00:54,560 Speaker 2: with all the temptations of city life outside. He missed 19 00:00:54,640 --> 00:00:57,280 Speaker 2: the deadline for the manuscript of Hunchback of Notre Dame 20 00:00:57,400 --> 00:00:59,880 Speaker 2: twice when it was a year of a jew. His 21 00:01:00,040 --> 00:01:04,520 Speaker 2: publisher started threatening legal action so he found a creative 22 00:01:04,560 --> 00:01:07,800 Speaker 2: way to keep himself on task. The only way to 23 00:01:07,800 --> 00:01:11,160 Speaker 2: stop himself from giving in to distraction was to get naked. 24 00:01:12,200 --> 00:01:14,200 Speaker 2: He locked up all his clothes and gave the key 25 00:01:14,200 --> 00:01:16,919 Speaker 2: to his servants for safekeeping. He had a long shawl 26 00:01:16,920 --> 00:01:20,880 Speaker 2: to keep the chill off, but was otherwise Starkers effectively 27 00:01:20,880 --> 00:01:23,679 Speaker 2: stuck inside. He got through his draft in six months 28 00:01:23,760 --> 00:01:26,640 Speaker 2: and produced one of the most influential works of the century. 29 00:01:27,040 --> 00:01:30,920 Speaker 2: Turns out he just needed to strip it all the way. 30 00:01:31,160 --> 00:01:34,720 Speaker 1: Wow, welcome to the Chase's Wealthcake. I am slightly disturbed 31 00:01:34,720 --> 00:01:37,080 Speaker 1: that I relate a little bit to that story. 32 00:01:37,760 --> 00:01:38,959 Speaker 3: I think many of us do. 33 00:01:39,959 --> 00:01:43,039 Speaker 2: Maybe not quite the specifics, but you know the vibe. 34 00:01:43,120 --> 00:01:46,320 Speaker 1: As someone who has to make content and produce content, 35 00:01:46,400 --> 00:01:49,800 Speaker 1: I know the art of procrastination, and I totally relate 36 00:01:49,840 --> 00:01:52,160 Speaker 1: to just like locking yourself in a room until it 37 00:01:52,200 --> 00:01:55,280 Speaker 1: is done. So that is good and also the orange 38 00:01:55,440 --> 00:02:00,280 Speaker 1: Maybe do it a mandarin first. Oh yeah, that's story 39 00:02:00,360 --> 00:02:01,960 Speaker 1: is all about the lengths we go to to not 40 00:02:02,280 --> 00:02:04,480 Speaker 1: do something we know we need to. 41 00:02:05,040 --> 00:02:09,360 Speaker 2: Yeah, and New Zealand is notoriously are pretty non confrontational. 42 00:02:09,400 --> 00:02:12,840 Speaker 2: We can be quite prone to avoiding things, but that 43 00:02:12,880 --> 00:02:15,880 Speaker 2: avoidance does often sort of cause more trouble than if 44 00:02:15,919 --> 00:02:18,600 Speaker 2: you were to just face things head on. What is 45 00:02:18,639 --> 00:02:22,359 Speaker 2: it about not wanting to confront our issues and, specifically, 46 00:02:22,400 --> 00:02:24,400 Speaker 2: for many of us, our money habits. 47 00:02:24,720 --> 00:02:28,280 Speaker 1: I asked a mate about this, about how he struggles 48 00:02:28,639 --> 00:02:31,239 Speaker 1: when it comes to looking his bank account in the eye, 49 00:02:31,320 --> 00:02:34,320 Speaker 1: or what he doesn't want to know about his finances. 50 00:02:34,360 --> 00:02:35,040 Speaker 1: Have a listen to this. 51 00:02:35,560 --> 00:02:37,000 Speaker 4: It's sort of one of those things where you want 52 00:02:37,040 --> 00:02:38,760 Speaker 4: to know but you don't want to know. And that 53 00:02:38,880 --> 00:02:42,000 Speaker 4: is how much I truly spend on food, because I 54 00:02:42,040 --> 00:02:44,560 Speaker 4: feel like it would terrify me if I actually knew 55 00:02:44,600 --> 00:02:47,120 Speaker 4: what the monthly spend was. I know how much I 56 00:02:47,160 --> 00:02:50,280 Speaker 4: spend at the supermarket, but then that is for other 57 00:02:50,360 --> 00:02:54,240 Speaker 4: purchases at takeaways, little convenience stores. 58 00:02:54,400 --> 00:02:56,160 Speaker 1: What is it about your spending habits that makes you 59 00:02:56,240 --> 00:02:57,400 Speaker 1: a little bit like, oh, I don't want to look 60 00:02:57,400 --> 00:02:57,640 Speaker 1: at that. 61 00:02:57,840 --> 00:02:59,560 Speaker 4: I know some of them are poor, and then that 62 00:02:59,560 --> 00:03:01,720 Speaker 4: would clicked on me and I would have to address it, 63 00:03:01,880 --> 00:03:04,960 Speaker 4: and it's easier to ignore it and pretend it's not there, 64 00:03:05,400 --> 00:03:06,959 Speaker 4: much like many problems in life. 65 00:03:08,840 --> 00:03:10,440 Speaker 1: Well, first of all, I want to thank you all 66 00:03:10,560 --> 00:03:11,480 Speaker 1: for his honesty. 67 00:03:11,720 --> 00:03:13,679 Speaker 2: Yeah, and especially because I feel like it's still a 68 00:03:13,720 --> 00:03:16,440 Speaker 2: little bit taboo to really talk about your money at all. 69 00:03:16,600 --> 00:03:19,240 Speaker 2: So yeah, when I hear somebody just like I'm afraid 70 00:03:19,280 --> 00:03:22,800 Speaker 2: to confront their own tun disease, Yeah, that's great self awareness. 71 00:03:22,919 --> 00:03:26,560 Speaker 1: Today we are talking about looking at your money, but 72 00:03:26,760 --> 00:03:29,000 Speaker 1: first I do need to say investing in bol's risk 73 00:03:29,360 --> 00:03:31,360 Speaker 1: you might lose the money you start with. We recommend 74 00:03:31,400 --> 00:03:34,640 Speaker 1: talking to a licensed financial advisor, and we also recommend 75 00:03:34,720 --> 00:03:37,840 Speaker 1: reading product disclosure documents before deciding to invest. Everything in 76 00:03:37,840 --> 00:03:44,040 Speaker 1: today's episode is current at the time of recording. All right, 77 00:03:44,120 --> 00:03:45,720 Speaker 1: let's find out who our guest is today. 78 00:03:45,880 --> 00:03:49,080 Speaker 3: Ruth Henderson, also known as the Happy Saver. We've been 79 00:03:49,200 --> 00:03:52,000 Speaker 3: up to this weeping my husband Johnny and I for 80 00:03:52,120 --> 00:03:54,839 Speaker 3: coming up to ten years in twenty twenty six. I'm 81 00:03:54,880 --> 00:03:58,840 Speaker 3: just all about blogging, podcasting, helping people answer the money questions. 82 00:03:58,840 --> 00:04:02,040 Speaker 2: Basically, we thought we would launch the Wealth Gap coming 83 00:04:02,080 --> 00:04:04,920 Speaker 2: into January to try and make the most of that 84 00:04:05,040 --> 00:04:08,200 Speaker 2: whole New year, new met energy. We wanted to have 85 00:04:08,520 --> 00:04:12,240 Speaker 2: at that assumption validated by an expert, so we asked Ruth, 86 00:04:12,720 --> 00:04:15,200 Speaker 2: why is it that the New year is the time 87 00:04:15,240 --> 00:04:18,480 Speaker 2: when so many people do choose to have a money reset. 88 00:04:18,560 --> 00:04:21,320 Speaker 3: Often that is when a lot of people have the time, 89 00:04:21,800 --> 00:04:24,080 Speaker 3: you know, they've off work for a week or two 90 00:04:24,120 --> 00:04:27,120 Speaker 3: weeks if they're really lucky, and they do start to 91 00:04:27,120 --> 00:04:29,920 Speaker 3: dig into their personal finances, which means a lot of 92 00:04:30,000 --> 00:04:33,719 Speaker 3: questions come my way, and they're just trying to position 93 00:04:33,800 --> 00:04:37,640 Speaker 3: themselves to head into that new year. Well, and some 94 00:04:37,720 --> 00:04:41,040 Speaker 3: people it's just tweaking what they're already doing, or some 95 00:04:41,120 --> 00:04:43,800 Speaker 3: people it's like, man, something's got to change in twenty 96 00:04:43,839 --> 00:04:44,360 Speaker 3: twenty six. 97 00:04:44,839 --> 00:04:47,239 Speaker 1: What would you say is the first thing someone should 98 00:04:47,279 --> 00:04:49,960 Speaker 1: do when they're thinking about this first step. 99 00:04:49,760 --> 00:04:52,640 Speaker 3: I always sort of encourage people to think about is 100 00:04:52,800 --> 00:04:55,839 Speaker 3: working out where you are right now. And the easiest 101 00:04:55,839 --> 00:04:57,560 Speaker 3: way to do that is just to track your net 102 00:04:57,640 --> 00:05:00,560 Speaker 3: worth and just explaining to people that there's simply just 103 00:05:00,640 --> 00:05:04,320 Speaker 3: working out pen paper. What's in all your bank accounts, 104 00:05:04,320 --> 00:05:06,400 Speaker 3: what's in your keipisaveror do you have any debt? What 105 00:05:06,520 --> 00:05:09,760 Speaker 3: is it? So it's your assets minus your liabilities will 106 00:05:09,800 --> 00:05:12,480 Speaker 3: give you your current net worth, And then I encourage 107 00:05:12,480 --> 00:05:15,680 Speaker 3: people to track that on a monthly basis. Typically on 108 00:05:15,720 --> 00:05:18,400 Speaker 3: the first of every single month, you go back to 109 00:05:18,480 --> 00:05:20,800 Speaker 3: all those accounts and what is the value of each 110 00:05:20,800 --> 00:05:23,200 Speaker 3: one and you add it up and then I say 111 00:05:24,760 --> 00:05:27,560 Speaker 3: that is your line in the sand. So hopefully a 112 00:05:27,640 --> 00:05:30,680 Speaker 3: year from now, where you look back at today, you 113 00:05:30,720 --> 00:05:33,200 Speaker 3: can see that you've gone up and not down with 114 00:05:33,279 --> 00:05:36,800 Speaker 3: your net worth. So it is just a simple, simple 115 00:05:36,800 --> 00:05:39,160 Speaker 3: place to start. And for a lot of people it's 116 00:05:39,200 --> 00:05:41,240 Speaker 3: quite a wake up call and they've never taken much 117 00:05:41,279 --> 00:05:44,000 Speaker 3: notice before. Some people are doing better than they thought, 118 00:05:44,040 --> 00:05:46,640 Speaker 3: and some people not as well as they had of hope, 119 00:05:46,680 --> 00:05:48,239 Speaker 3: sort of thing, So great place to start. 120 00:05:48,440 --> 00:05:50,520 Speaker 2: Why do you think it is that so many of 121 00:05:50,560 --> 00:05:53,320 Speaker 2: us have such a strong aversion to actually taking that 122 00:05:53,400 --> 00:05:56,400 Speaker 2: first step to look honestly at our finances. 123 00:05:57,120 --> 00:06:01,120 Speaker 3: It feels complicated. They think it is implicate it And 124 00:06:02,080 --> 00:06:05,520 Speaker 3: I can see why people think finances are complicated. Is 125 00:06:05,520 --> 00:06:10,599 Speaker 3: the massive industry around money finances that give the illusion 126 00:06:10,600 --> 00:06:14,880 Speaker 3: it's complicated. When I sort of think, just shut out 127 00:06:14,880 --> 00:06:17,839 Speaker 3: that white noise, shut out that noise, and just focus 128 00:06:17,960 --> 00:06:20,360 Speaker 3: on yourself. Don't worry about what everybody else is doing. 129 00:06:20,480 --> 00:06:24,600 Speaker 3: Focus on yourself. And I'd also say a lot of 130 00:06:24,640 --> 00:06:28,680 Speaker 3: people are not scared about lifting the lid. They just 131 00:06:28,800 --> 00:06:31,599 Speaker 3: don't know where to start. They're actually really keen to 132 00:06:31,680 --> 00:06:34,280 Speaker 3: make a start, but they don't know how to make 133 00:06:34,279 --> 00:06:37,320 Speaker 3: a start because it feels so complicated, and I always 134 00:06:37,320 --> 00:06:39,359 Speaker 3: find that I've been, as I see, doing this a 135 00:06:39,360 --> 00:06:43,120 Speaker 3: long time now. But the amount of people who are 136 00:06:43,440 --> 00:06:46,920 Speaker 3: so good with money and have always been good with money, 137 00:06:47,120 --> 00:06:50,960 Speaker 3: but they just didn't have the starting point. And so 138 00:06:51,080 --> 00:06:54,000 Speaker 3: once those people do say, look, I'm actually gonna stop 139 00:06:54,000 --> 00:06:56,120 Speaker 3: worrying about what everybody else is thinking. I'm just going 140 00:06:56,160 --> 00:06:57,800 Speaker 3: to look at my own numbers and do something about 141 00:06:57,839 --> 00:07:01,200 Speaker 3: it myself, those people are off to the races. So 142 00:07:02,080 --> 00:07:04,800 Speaker 3: for the people that are putting the head in the sand, 143 00:07:05,680 --> 00:07:08,240 Speaker 3: you might be incredible at managing your own money. 144 00:07:08,279 --> 00:07:12,040 Speaker 1: So just get started and we will get to what 145 00:07:12,080 --> 00:07:13,680 Speaker 1: you can do once you do get started. So we're 146 00:07:13,680 --> 00:07:15,560 Speaker 1: going to talk about budgeting coming up, but still in 147 00:07:15,560 --> 00:07:18,000 Speaker 1: that phase of looking at your finances, are there any 148 00:07:18,080 --> 00:07:20,760 Speaker 1: sort of red flags or green flags things to look 149 00:07:20,840 --> 00:07:23,160 Speaker 1: for when you start you start the process? 150 00:07:23,480 --> 00:07:26,840 Speaker 3: Green flags. I love that you've got a green flag option. 151 00:07:27,000 --> 00:07:31,080 Speaker 3: Because a young woman I spoke to very recently who 152 00:07:32,240 --> 00:07:37,160 Speaker 3: early twenties wants to learn about money, not sure where 153 00:07:37,200 --> 00:07:39,640 Speaker 3: to start, and so we sat down and said, well 154 00:07:39,840 --> 00:07:42,200 Speaker 3: where are you at with money? And so talk about 155 00:07:42,200 --> 00:07:45,640 Speaker 3: green flags in her bank? Account. She had a couple 156 00:07:45,720 --> 00:07:48,440 Speaker 3: of different bank accounts where she was saving up for 157 00:07:48,720 --> 00:07:51,840 Speaker 3: a few different things. She was in key we Saver, 158 00:07:53,280 --> 00:07:57,280 Speaker 3: so she was actually with the knowledge she had managing 159 00:07:57,280 --> 00:08:01,440 Speaker 3: her money so well for that the information that she had, 160 00:08:01,560 --> 00:08:03,800 Speaker 3: so they were green flags, and it was like it 161 00:08:03,920 --> 00:08:06,160 Speaker 3: was pretty straightforward. It's like, this is quite easy to 162 00:08:06,200 --> 00:08:10,120 Speaker 3: build upon the knowledge that you've got. So yeah, that's 163 00:08:10,160 --> 00:08:14,760 Speaker 3: some good green flags. Red flags, well, the simplest one 164 00:08:14,760 --> 00:08:17,040 Speaker 3: comes back to your net worth and then working out 165 00:08:17,120 --> 00:08:20,440 Speaker 3: what do you earn and what you spend Red flag. 166 00:08:21,040 --> 00:08:23,800 Speaker 3: You need to spend less than what you earn red flag, 167 00:08:23,840 --> 00:08:26,520 Speaker 3: as if it's the other way round. But I think 168 00:08:26,520 --> 00:08:29,120 Speaker 3: a lot a lot of red faces are so unique 169 00:08:29,160 --> 00:08:32,680 Speaker 3: to every person. So like you might have subscriptions up 170 00:08:32,760 --> 00:08:36,920 Speaker 3: the wazoo and I might not, but I might drink, 171 00:08:37,720 --> 00:08:40,480 Speaker 3: you know, out with my mates three nights a week, 172 00:08:40,520 --> 00:08:44,120 Speaker 3: which is really expensive. So red flags are specific to you. 173 00:08:44,320 --> 00:08:47,400 Speaker 3: And I think that everybody knows in their heart of 174 00:08:47,559 --> 00:08:51,080 Speaker 3: hearts what they're doing wrong with their money. It's just 175 00:08:51,200 --> 00:08:55,079 Speaker 3: time to dig into your own money and go is 176 00:08:55,120 --> 00:08:58,000 Speaker 3: this serving me? Well? You know, am I spending money 177 00:08:58,080 --> 00:09:00,440 Speaker 3: in line with my values? And all that sort of stuff, 178 00:09:00,920 --> 00:09:03,320 Speaker 3: so you find your own read flags and they will 179 00:09:03,360 --> 00:09:05,560 Speaker 3: be staring you straight in the face when you actually 180 00:09:06,080 --> 00:09:07,079 Speaker 3: are not to looking at them. 181 00:09:07,080 --> 00:09:12,240 Speaker 2: I think, all right, we'll be back with Ruth very 182 00:09:12,240 --> 00:09:14,360 Speaker 2: shortly to give you an activity. 183 00:09:14,679 --> 00:09:18,079 Speaker 3: But first she is his co CEO Brooke. 184 00:09:18,280 --> 00:09:21,280 Speaker 2: On how motivating yourself starts with trying to get yourself 185 00:09:21,280 --> 00:09:22,439 Speaker 2: into the right headspace. 186 00:09:22,600 --> 00:09:25,320 Speaker 5: So James Clear he wrote the book Atomic Habits, and 187 00:09:25,800 --> 00:09:28,440 Speaker 5: one part he said is, you know, I just tell myself, oh, 188 00:09:28,480 --> 00:09:29,880 Speaker 5: I'm not that you know, I'm not that good at 189 00:09:29,880 --> 00:09:32,839 Speaker 5: writing because you know, at school I was more maths 190 00:09:32,880 --> 00:09:35,719 Speaker 5: in English, and I think I always kind of how 191 00:09:35,720 --> 00:09:37,600 Speaker 5: that is a narrative And He's like one part of 192 00:09:37,640 --> 00:09:39,280 Speaker 5: what he talked about it to say I am a writer, 193 00:09:39,800 --> 00:09:41,600 Speaker 5: and just like how that you know I am a runner, 194 00:09:41,600 --> 00:09:44,679 Speaker 5: I am a writer, and how that starts to change 195 00:09:44,679 --> 00:09:46,800 Speaker 5: how you think about things. And so this year, another 196 00:09:46,800 --> 00:09:48,160 Speaker 5: thing I try to do is write a bit more, 197 00:09:48,200 --> 00:09:50,360 Speaker 5: and I feel way more confident in it. I'm probably 198 00:09:50,360 --> 00:09:53,200 Speaker 5: still on there great, but I feel more confident because 199 00:09:53,240 --> 00:09:56,040 Speaker 5: I just am like, oh, yeah, I'm a writer. I write, 200 00:09:56,280 --> 00:09:58,360 Speaker 5: And I think that's quite a cool way of just 201 00:09:58,360 --> 00:10:01,120 Speaker 5: saying I am to something and how it just changes 202 00:10:01,160 --> 00:10:02,640 Speaker 5: your whole mindset to awesome. 203 00:10:02,679 --> 00:10:05,040 Speaker 1: All right, Now, later in the series, we'll be chatting 204 00:10:05,080 --> 00:10:07,760 Speaker 1: with another mate. I've just rope the mates and for 205 00:10:07,800 --> 00:10:13,160 Speaker 1: this podcast, Reagan White from Rovers Were's My Money podcast 206 00:10:13,320 --> 00:10:16,840 Speaker 1: and series, and you will hear about his story of 207 00:10:16,960 --> 00:10:20,959 Speaker 1: overwhelming debt. But he's used it to do some good stuff. 208 00:10:21,000 --> 00:10:22,560 Speaker 1: He's learned some lessons from it and sharing it with 209 00:10:22,600 --> 00:10:25,520 Speaker 1: a lot of people. But before we chat to him 210 00:10:25,600 --> 00:10:28,200 Speaker 1: later in the series, just on this topic, I did 211 00:10:28,240 --> 00:10:30,520 Speaker 1: ask him if he had any advice for people who 212 00:10:30,559 --> 00:10:32,240 Speaker 1: don't want to look at their bank account. 213 00:10:32,559 --> 00:10:36,480 Speaker 6: Change that, change that now, like you can't. You will 214 00:10:36,520 --> 00:10:38,960 Speaker 6: not make progress if you've got your head in the sand. 215 00:10:39,559 --> 00:10:42,679 Speaker 6: It's kind of daunting the first time, but the feeling 216 00:10:42,760 --> 00:10:45,240 Speaker 6: of getting it back in control is actually so good. 217 00:10:45,600 --> 00:10:47,720 Speaker 6: Once I realized the situation I was in, I wasn't 218 00:10:47,760 --> 00:10:50,720 Speaker 6: ashamed of it because so much of it had been 219 00:10:50,760 --> 00:10:52,720 Speaker 6: out of my control. Yes, we could have been way 220 00:10:52,760 --> 00:10:55,600 Speaker 6: more diligent with our money, and now that we have 221 00:10:56,200 --> 00:10:59,079 Speaker 6: tools and a budget around our life, of course we're 222 00:10:59,120 --> 00:11:02,720 Speaker 6: better with money now. But everything I'd done up to 223 00:11:02,760 --> 00:11:05,720 Speaker 6: that point was or well intentioned. 224 00:11:08,360 --> 00:11:10,360 Speaker 3: Okay, so to wrap us up. 225 00:11:10,400 --> 00:11:13,080 Speaker 2: We did promise you that we were going to give 226 00:11:13,120 --> 00:11:16,720 Speaker 2: you an activity, so to set you that task, we 227 00:11:16,760 --> 00:11:18,400 Speaker 2: are going to pass it back to Ruth Henderson. 228 00:11:18,880 --> 00:11:22,080 Speaker 3: When I say to people, if they're starting to pay 229 00:11:22,120 --> 00:11:25,800 Speaker 3: attention to their finances, to their money, just a pen 230 00:11:26,040 --> 00:11:29,320 Speaker 3: and a paper is all it takes initially, and it's 231 00:11:29,640 --> 00:11:33,000 Speaker 3: just coming back to u Esha. You know, what did 232 00:11:33,040 --> 00:11:37,959 Speaker 3: I spend on takeouts in the previous month? What did 233 00:11:37,960 --> 00:11:41,320 Speaker 3: I earn in that month? What percentage of my income 234 00:11:41,360 --> 00:11:43,920 Speaker 3: did I spend on takeout in that month? How does 235 00:11:43,960 --> 00:11:47,400 Speaker 3: that sit with me? Pick something that you want to 236 00:11:47,440 --> 00:11:49,200 Speaker 3: know about. What did you spend on your hair? What 237 00:11:49,200 --> 00:11:51,040 Speaker 3: did you spend on your car? What did you earn. 238 00:11:51,120 --> 00:11:53,920 Speaker 3: If you've got a couple of jobs, what did each 239 00:11:54,040 --> 00:12:00,000 Speaker 3: job earn? Just find something that is of interest to you, 240 00:12:00,040 --> 00:12:02,160 Speaker 3: which won't be of interest to anybody else, but that 241 00:12:02,320 --> 00:12:04,520 Speaker 3: doesn't matter. What is of interest to you and kind 242 00:12:04,559 --> 00:12:08,920 Speaker 3: of pull that thread and use budgeting to work out 243 00:12:08,960 --> 00:12:10,440 Speaker 3: your numbers behind it. 244 00:12:11,000 --> 00:12:13,000 Speaker 1: I don't know why she pecked on me about the 245 00:12:13,040 --> 00:12:15,400 Speaker 1: fast food spending. You look like the type in what 246 00:12:15,440 --> 00:12:19,280 Speaker 1: way she did sort of assume that maybe you spend 247 00:12:19,320 --> 00:12:22,240 Speaker 1: a lot of money on your Here is there one 248 00:12:22,240 --> 00:12:24,160 Speaker 1: thing that you would look back at? I think food 249 00:12:24,240 --> 00:12:26,679 Speaker 1: is probably right. Like Pjorn said earlier in the episode, 250 00:12:27,080 --> 00:12:29,320 Speaker 1: that is one of those areas that we do, like, 251 00:12:29,720 --> 00:12:31,240 Speaker 1: you know, spend a lot of money on. But what 252 00:12:31,280 --> 00:12:33,520 Speaker 1: about you, Laura, is there is there anything you'd pick? 253 00:12:34,040 --> 00:12:34,360 Speaker 3: Ah? 254 00:12:34,440 --> 00:12:37,680 Speaker 2: Yeah, I fear that my little treat budget does get 255 00:12:37,720 --> 00:12:42,439 Speaker 2: out of control. My coffee spending probably yeah, escalated. 256 00:12:42,920 --> 00:12:47,280 Speaker 1: The one legal drug that we have my only base. 257 00:12:47,640 --> 00:12:50,880 Speaker 1: So choose that one thing and investigate that. That's a 258 00:12:50,880 --> 00:12:53,280 Speaker 1: great way to start. It's funny because in my interview 259 00:12:53,320 --> 00:12:56,800 Speaker 1: with Reagan White, he talks about the concept of fretter, 260 00:12:57,360 --> 00:12:59,560 Speaker 1: So maybe that's something we could deal with in the 261 00:12:59,640 --> 00:13:04,360 Speaker 1: budget episode, which is our next one on the cheerzyas Wealthcake. Well, 262 00:13:04,360 --> 00:13:05,720 Speaker 1: thank you very much, Laura. 263 00:13:06,040 --> 00:13:07,800 Speaker 2: Thank you, Esha, and we'll see you next time. 264 00:13:08,120 --> 00:13:10,960 Speaker 3: Imagine a world where every dollar you have is working 265 00:13:11,000 --> 00:13:14,480 Speaker 3: towards your wealth goals. Now you can on Cheers EA's 266 00:13:14,960 --> 00:13:18,640 Speaker 3: see your shares alongside your kiwisaver balance, your crypto and 267 00:13:18,760 --> 00:13:21,520 Speaker 3: your savings, and for every dollar you spend on your 268 00:13:21,559 --> 00:13:25,679 Speaker 3: spend card earned one percent towards your wealth. Your wealth Finally, 269 00:13:25,760 --> 00:13:29,720 Speaker 3: together on cheers E's Chasa's Investment Management Limited as the 270 00:13:29,720 --> 00:13:32,760 Speaker 3: issuer of the chasa's QUII Savers Scheme. View the Lodge 271 00:13:32,800 --> 00:13:34,520 Speaker 3: BDS on our website.