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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order

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Speaker 1: Order Kerni Whoalbury and a waddery woman. And before we

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Speaker 1: get started on She's on the Money podcast, I would

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Speaker 1: like to acknowledge the traditional custodians of the land of

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Speaker 1: which this podcast is recorded on a wondery country, acknowledging

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Speaker 1: the elders, the ancestors and the next generation coming through

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Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 1: the storytelling of you to make a difference for today

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Speaker 1: and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: that makes personal finance a lot less daunting and a

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Speaker 2: lot more doable. I know investing can be an emotional ride.

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Speaker 2: Every drop in the market can feel like a crisis.

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Speaker 2: Those market swings can trigger all kinds of reactions, but

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Speaker 2: making snap decisions can throw you completely off course. Today

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Speaker 2: we're going to dive into how to keep your cool,

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Speaker 2: ride out the turbulence, and stay on track with your

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Speaker 2: long term goals. And I am very lucky to be

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Speaker 2: joined by my very good friend Brooke Roberts from Cheesys,

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Speaker 2: the investing platform that's helped everyone start small and think big.

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Speaker 2: Brook with faced face. Finally no more Zoom Records. Welcome

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Speaker 2: to the show.

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Speaker 4: Yeah, it's so good to be here and see you

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Speaker 4: face to face too.

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Speaker 2: I love it. So I feel like everyone in our

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Speaker 2: community knows who you are, or they should know who

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Speaker 2: you are. But for those of you who might not

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Speaker 2: have met you, Brook, who are you? What do you do?

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Speaker 1: Yes?

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Speaker 2: How do you get on a Chase's podcasts?

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Speaker 4: Yeah? How did I? So? I'm I see a mum

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Speaker 4: of two, which is heaps of fun of a four

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Speaker 4: and six year old, and they keep me very entertained

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Speaker 4: actually in this day and age, and it's quite cool

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Speaker 4: teaching them things. And outside of that, Yeah, one of

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Speaker 4: the co founders and Coco's the Cheersy's, so there's Late

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Speaker 4: and Sonya and I who are all CEOs. So we

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Speaker 4: called ourselves the three Eohs.

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Speaker 2: I got to go on your podcast the other day actually,

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Speaker 2: and Sonya came into the office and that was very

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Speaker 2: exciting and I was like, guess what I get? Brook

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Speaker 2: in here? I just feel like I'm banking the Chasia's content.

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Speaker 2: But you know, what everyone has been asking for it,

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Speaker 2: And I was thinking back to the last time that

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Speaker 2: you were on the show, which was honestly too long ago,

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Speaker 2: and I know our community loved hearing your story because

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Speaker 2: we dived more into that. We'll put it in the

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Speaker 2: show notes so that we don't have to recub old territory.

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Speaker 2: But it is incredible to have you back. So if

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Speaker 2: you haven't listened to that episode, we will link it

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Speaker 2: in the show notes and you guys can dive right

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Speaker 2: into it. But Phil simp Brook, now we know exactly

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Speaker 2: who you are. We've given them some more info so

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Speaker 2: that they can dive further into you in your journey.

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Speaker 2: But like what's been going on at Chasyas, I feel

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Speaker 2: like there's been so much.

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Speaker 4: There's been heaps going on at Shares. He's a so

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Speaker 4: you know, we set out to create financial apartment for

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Speaker 4: everyone and there's a lot to do. We started with investing,

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Speaker 4: and we see heaps more opportunities in creating, you know,

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Speaker 4: more accessible money opportunities for people. We've got the ability

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Speaker 4: to all to invest and roundup and heaps more coming

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Speaker 4: in that space. And then we also are starting to

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Speaker 4: do more with partnering with companies. So we have firm

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Speaker 4: believers that in order to improve well for more people,

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Speaker 4: they should be getting shares and the companies are working

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Speaker 4: for so staffhold equal shareholders and that's a key thing

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Speaker 4: that we're working on at the moment too.

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Speaker 2: And that's Boogie. Did you ever think that it would

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Speaker 2: get his bee? I mean, you don't set out to

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Speaker 2: create an investing platform that has nobody investing, so you

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Speaker 2: clearly thought like this is a good idea, but like

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Speaker 2: this big Brook.

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Speaker 4: Well yeah, there's like seven hundred thousand people that use

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Speaker 4: shares Ease and have invested five billion all up. Oh yeah,

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Speaker 4: we're managing over five billion, but there's so much more

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Speaker 4: to go, like this is this So it honestly still

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Speaker 4: feels that day for us.

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Speaker 2: I love following a story. I'm more piercely an investor

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Speaker 2: on the chaseas platform, and I feel like every time

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Speaker 2: I do a money diaries like which are my favorite

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Speaker 2: episodes of the show, I'm like, oh, okay, it's not a

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Speaker 2: planted question. I'm always like do invest and they're like, oh,

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Speaker 2: I'm with Sharezeas, and I'm like, here we go. More

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Speaker 2: free plugs for shazas because everybody in the community is

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Speaker 2: just obsessed and I am too. But investing is exactly

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Speaker 2: what Shareseas is all about, and we are here today

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Speaker 2: to talk about that. And I feel like long term

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Speaker 2: investment is something we talk about a lot, but it

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Speaker 2: can be really scary. Like at the end of the day,

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Speaker 2: I think that we need to acknowledge that investing can

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Speaker 2: be really overwhelming. But it's also not about the numbers.

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Speaker 2: Investing is actually really emotional. In fact, I was talking

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Speaker 2: about you today. Literally, I was talking about you today.

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Speaker 2: I went to MCROB, which is a girls' school in Melbourne,

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Speaker 2: and I was talking about the importance of financial literacy

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Speaker 2: to a bunch of Grade tens, which is exactly what

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Speaker 2: I want to be doing. And I was talking about

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Speaker 2: how investing nowadays is so much more accessible, Like historically

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Speaker 2: I was so scared to invest because the minimum investment

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Speaker 2: amounts or like five hundred dollars. And don't get me wrong,

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Speaker 2: a lot of people might go, be like five hundred dollars,

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Speaker 2: that's not much for me. At that point in my life,

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Speaker 2: that was like the most amount of money I'd ever

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Speaker 2: had in my bank account. And I was saying to

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Speaker 2: these girls, like investing is not for the rich, like

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Speaker 2: there is this platform shares this you can invest with

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Speaker 2: as little as one cent. It is little. You're not

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Speaker 2: even old enough to invest yet, but when you are,

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Speaker 2: you're going to love this. And then I realized I

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Speaker 2: get to see Brook later, so that was very cool.

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Speaker 2: But it is such an emotional journey. It's literally your

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Speaker 2: hard earned cash, your dreams, and all of your I

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Speaker 2: guess future wrapped up in one which then feels overwhelming.

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Speaker 2: Whether you're saving for your first home that's a few

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Speaker 2: years away, or your kid's education, which I'm now thinking

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Speaker 2: about and that's really overwhelming, or building a like retirement

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Speaker 2: nest egg. Your investments are representative of I guess, all

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Speaker 2: your dreams and hopes and goals, and when you're asked

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Speaker 2: to make a plan for that overwhelming Brook. That's why

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Speaker 2: literally every market move can make me feel sick. I

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Speaker 2: am an ex financial advisor, as you know, and I

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Speaker 2: still log into my investing platform and if it is down,

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Speaker 2: like if I log into chairs EA's and see that

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Speaker 2: I've lost some money on the shed market, I still

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Speaker 2: get that twang in the bottom of my stomach. I'm

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Speaker 2: like oh, and then I'm like Victoria you're smarter than this,

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Speaker 2: but I experience it, so I have no doubt that

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Speaker 2: our community is. And I mean when my portfolio is up,

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Speaker 2: I'm like, yeah, I'm a big dog investor. Look at that,

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Speaker 2: look at that. But when it's down, it feels like,

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Speaker 2: oh my gosh, what have I done? Have I like

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Speaker 2: on the absolute wrong thing. So, Brooke, in your experience

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Speaker 2: as an investor yourself, I'm assuming on Charez eas where

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Speaker 2: do you see this emotional rollercoaster getting people completely off track?

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Speaker 4: Yeah, so investing money is emotional. You know, money, like

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Speaker 4: you said, creates opportunities in life or doesn't. You know,

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Speaker 4: We've got the beliefs we have around money from what

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Speaker 4: we've watched and the households when we're growing up, and

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Speaker 4: how how we feel about it is really tied to

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Speaker 4: a lot of emotions really, and when it comes to

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Speaker 4: an investing often there's a whole barrage of new emotions

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Speaker 4: in a way, like there's a lot of excitement thinking

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Speaker 4: about your future and it's exciting getting into investing and

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Speaker 4: feeling like, oh, you're taking control of your money or

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Speaker 4: you're doing something that's going to help future you. But

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Speaker 4: the other part, too is investing can be quite overwhelming.

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Speaker 4: There's hundreds of thousands options out there now, like you said,

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Speaker 4: there it used to be like a minimum of ten

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Speaker 4: thousand dollars needed. Now it's not.

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Speaker 2: You're literally changing it so that we can all have

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Speaker 2: the same opportunities.

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Speaker 4: Yeah, that was a core belief of you know, one

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Speaker 4: thing we just would not walk past is that we

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Speaker 4: had to make sure there was no minimum investment so

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Speaker 4: everybody could feel like they're an investor and also just

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Speaker 4: invest the way that you expect, Like, if you want

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Speaker 4: to put a certain amount of money into it, you can.

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Speaker 4: You don't have to have to calculate a share or

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Speaker 4: you know, like and have random scenes on that stuff.

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Speaker 2: But like, I love it because I just remember Baby

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Speaker 2: Victoria trying to invest for the first time, and it

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Speaker 2: was really overwhelming because I was a financial advisor, and

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Speaker 2: I feel like it's the story of like the plumber

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Speaker 2: always has a leaky type, right, So, like, as a

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Speaker 2: financial advisor, I knew what I should be doing, and

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Speaker 2: I knew what we were advising our clients to do.

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Speaker 2: But I didn't have ten million dollars like my clients.

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Speaker 2: So my clients had these beautiful well diversified portfolios of

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Speaker 2: like you know, ten to twelve direct shares. I couldn't

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Speaker 2: give myself instant diversification. I didn't have any cash brook

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Speaker 2: I was like five hundred dollars still too much. I

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Speaker 2: remember seeing like some managed funds that had minimum investments

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Speaker 2: of ten grand and they'd be like, must be nice,

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Speaker 2: Like that'll.

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Speaker 4: Never be me.

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Speaker 2: But now I can literally buy that same managed fund

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Speaker 2: on your platform for literally one cent and get that

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Speaker 2: same exposure, and like that to me is kind of wild.

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Speaker 2: And I have looked up managed funds that were previously

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Speaker 2: out of reach and like bought them on Chaes's just

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Speaker 2: cause like you can buy man Like, does it make

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Speaker 2: up most of my strategy? No, it absolutely does not.

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Speaker 2: Is it really fun to feel like I own that? Yes,

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Speaker 2: Like I'm a little shareholder in that.

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Speaker 5: Ha.

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Speaker 2: But you didn't see that coming, baby, Victoria.

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Speaker 4: Yeah, it's funny when you say, like I had this

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Speaker 4: thing when we first started, there's this thing, and when

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Speaker 4: you're creating companies to your own dog food, like it's like,

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Speaker 4: when you're creating something, make sure that you're a real

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Speaker 4: mega user of it so you can see the areas

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Speaker 4: where it's not working. Well or it's working really well.

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Speaker 4: But I had this thing around empathy. So as we

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Speaker 4: rolled up more and more investment options, I have this

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Speaker 4: thing where I was like, oh, I need a bit

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Speaker 4: of everything nearly because I want to if somebody comes

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Speaker 4: up to me and starts talking about this investment, I

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Speaker 4: want to feel the empathy and know like the journey

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Speaker 4: that I've been on and now I have, you know,

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Speaker 4: simplified it a lot because it started to get a

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Speaker 4: bit extreme.

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Speaker 2: That's literally like if you showed me your platform and

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Speaker 2: you had something that I didn't have, a be like, oh,

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Speaker 2: she's real smart, maybe I should have that too, And

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Speaker 2: is there any logic to it? No, because I literally

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Speaker 2: know my stuff when it comes to investing, But like

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Speaker 2: that looks.

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Speaker 4: Cool, and what we both know is consistency pays off

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Speaker 4: over time, and time is the most value was spect

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Speaker 4: of money. I think when we started Cheeresy's we really

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Speaker 4: boilt it around that philosophy and we would do heaps

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Speaker 4: of content and education in terms of trying to counteract

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Speaker 4: what people call behavioral five. So like the loss of version,

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Speaker 4: feeling like off it goes down that you've lost, but

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Speaker 4: actually you don't lock in a loss until you decide

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Speaker 4: to sell, and I need to.

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Speaker 2: Be reminded of that. It's crazy. We talk about it

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Speaker 2: a lot obviously at She's on the Money. It's only

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Speaker 2: a loss if you're choosing to take it. Yeah, I

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Speaker 2: don't choose that right now, Like I'm walking away from

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Speaker 2: that brook. We talk a lot about strategy at Cheese

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Speaker 2: on the Money and just buying random shares not a

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Speaker 2: good strategy. Orbit it can be fun and literally when

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Speaker 2: they're one scent, like you can, but I want to

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Speaker 2: know more about yours, Like, tell me about your strategy.

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Speaker 2: How do you keep your emotions in check when you're investing?

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Speaker 2: Because I feel like you and I are both just

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Speaker 2: inherently emotional people. I don't want to lose something, but

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Speaker 2: like what happens when you see that you maybe are

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Speaker 2: a little bit down?

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Speaker 4: Yeah, share, So the key thing is, Yeah, investing is

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Speaker 4: for the long term. And I think the key strategy

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Speaker 4: that we really designed Cheeses for early on too was

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Speaker 4: dollar cost everaging, So investing every pay day and thatnce

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Speaker 4: you can't afford and it builds over time. As you know,

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Speaker 4: there's massive power in compound interest, in compounding returns, and

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Speaker 4: literally that time just pays off. So I invest like

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Speaker 4: that for my children and I never do anything else.

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Speaker 4: It's automatically every week money going into the investment portfolios,

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Speaker 4: and they consistently upperform me because because I do majority

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Speaker 4: dollar cost averaging. But there's things where I'm just like, oh,

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Speaker 4: I actually want to know what that's like, you know,

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Speaker 4: and I will invest a little bit. But the important

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Speaker 4: thing for me though, and the way that I manage

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Speaker 4: my emotions is I don't take big bets, like I

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Speaker 4: make sure that I'm building over time, I'm not over

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Speaker 4: exposed in one area and that I'm just sticking to

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Speaker 4: a habit and in anything else on top is something

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Speaker 4: where I'm willing to take a bit more risk potentially

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Speaker 4: more return, but I know that that consistency is going

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Speaker 4: to work in the long run, no matter the peaks

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Speaker 4: and flows of the market at the time.

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Speaker 2: Yeah, I feel like everyone's always surprised when I talk

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Speaker 2: about my investment strategy because I think that there's this

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Speaker 2: expectation that you know, if I gave you the log

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Speaker 2: into my shares these platform, you'd probably see this really

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Speaker 2: comprehensive list of six million different options. And like Victoria's

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Speaker 2: so smart and like knows what to pick, and you'd

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Speaker 2: actually log in, you'd see some really weird stock picks.

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Speaker 2: You'd be like, why has she got this? And I

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Speaker 2: can share them with you later because we don't make

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Speaker 2: recommendations on the podcast. But then a majority of my

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Speaker 2: portfolio is split among two ETFs. Yeah, and I think

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Speaker 2: people are always like, wait, what, like you just invest

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Speaker 2: in ETFs, and I'm like yes, because I would love

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Speaker 2: to think that I'm intelligent, but I am not smarter

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Speaker 2: than the people that pull together ets. I've got one International,

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Speaker 2: I've got one Australian, and that is currently where most

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Speaker 2: of my wealth sits. And then I have my little satellite.

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Speaker 2: It's that core satellite approach where I've got those satellite

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Speaker 2: ones because brook it's fun. Like there's this like biopharmaceutical

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Speaker 2: company that I've been following since twenty twenty is not

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Speaker 2: done well.

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Speaker 4: This is why you.

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Speaker 2: Shouldn't recommend Yeah, exactly exactly. But I got this biofarmer

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Speaker 2: company and would I recommend it?

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Speaker 1: No?

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Speaker 2: But I put money in it and I'm not going

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Speaker 2: to pull it out at a loss. I don't need

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Speaker 2: that money right now, but I look at it and

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Speaker 2: I just go I'm glad that I didn't make that

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Speaker 2: recommendation because that was a punt, and I'm so glad.

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Speaker 2: I just have that core portfolio that every month I

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Speaker 2: just add two and it kind of tracks along, and

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Speaker 2: I know future me is going to be okay, but

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Speaker 2: I'm not always chasing Okay, Well, what's the next thing

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Speaker 2: I should invest in to create wealth? Like I'm going

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Speaker 2: to be screwed if I don't. Yeah, I know, I'm fine,

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Speaker 2: but I do still like to have a little bit

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Speaker 2: of fun.

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Speaker 4: Yeah, and we're in the industry, right, so of course,

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Speaker 4: like we're a bit more tuned in some ways to

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Speaker 4: what you know.

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Speaker 2: I thought I was a genius. I'll talk to you

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Speaker 2: about this off air, but I read all of their

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Speaker 2: annual reports. I did a deep dive into who their

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Speaker 2: CEO was, where he used to work. The fact that

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Speaker 2: this biopharmaceutical company deals with this particular health condition and

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Speaker 2: the CEO has it like he is using their treatment.

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Speaker 2: I'm just like, I've cracked. Yeah, it's gone down. I

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Speaker 2: think I bought in it like a dollar thirteen per

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Speaker 2: share and it's like a twenty six cents or something.

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Speaker 2: So is that a good share for you to buy. No,

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Speaker 2: you might be though.

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Speaker 4: When we studied finance and when we were getting access

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Speaker 4: to this world, I remember all of my research saying

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Speaker 4: in all of the academic papers saying that buying and

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Speaker 4: holding up performs that buys us out buy and women

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Speaker 4: typically are way better at investing and taking a long

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Speaker 4: term approach with it. And we know that that strategy

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Speaker 4: pays off significantly more over time than somebody who's are

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Speaker 4: actively trading. And so I think that that hopefully helps

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Speaker 4: relieve some of that comfort when you've got those feelings

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Speaker 4: around haven't made the right choice or you know it's

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Speaker 4: are you happy with the investments you've made, are you

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Speaker 4: diversified enough to wither storms? And is it money that

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Speaker 4: you're happy to invest in the long term? Knowing that

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Speaker 4: markets will go up and down, but traditionally over time

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Speaker 4: they are trending up in the long term, do you.

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Speaker 2: Put some blinkers on, like are you looking at what

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Speaker 2: other people are doing? Are you looking at what your

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Speaker 2: investors are doing? I feel like blinkers for me are

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Speaker 2: really helpful, but other people using their strategy.

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Speaker 4: Yeah, so a lot of people on Cheesy's aort to

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Speaker 4: invest that to invest and abording their portfolio over time.

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Speaker 4: That's the vast majority. I don't get caught up in

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Speaker 4: the hypeie things. I just know that I feel like

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Speaker 4: it's all over social media.

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Speaker 2: Yeah, have you seen the most recent stuff about the

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Speaker 2: day trading and how that's going to create ultimate wealth?

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Speaker 1: Oh?

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Speaker 2: It kills me because you see these posts from people

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Speaker 2: who genuinely think that they're helping, they have no finance background,

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Speaker 2: and then you see people commenting like, oh my gosh, yes,

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Speaker 2: please tell me more. I'd love to create wealth, and

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Speaker 2: you just go, this is a scam. Like, yes, some

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Speaker 2: people can create money in day trading, but it is

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Speaker 2: not a long term solution. In fact, most people who

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Speaker 2: day trade lose more money than they make. And you

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Speaker 2: just go, if you're so worried, go down a very

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Speaker 2: classic pathway. Like the best type of investments I've seen

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Speaker 2: over my career have been the most boring ones.

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Speaker 4: Yeah.

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Speaker 2: Like I remember one client brook, I inherited them from

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Speaker 2: another financial advisor who'd retired, and they had BHP shares,

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Speaker 2: and like that could be a little bit topical because OBVIOUSLYHP,

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Speaker 2: like it's a fossil fuel company and a lot of

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Speaker 2: people might not agree with that, and the person I

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Speaker 2: was advising was actually morally not okay with it. I mean,

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Speaker 2: there's a bigger conversation. He'd inherited them from his grandfather,

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Speaker 2: but when we looked at it, it was just this tried,

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Speaker 2: true blue chip stock that had paid off over time,

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Speaker 2: and the way that he held them was really complicated

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Speaker 2: for me as a financial advisor because they'd bought them

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Speaker 2: when you bought them in British pounds, like way back

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Speaker 2: when they had originally listed, and you could see from

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Speaker 2: that period of time like how much it had grown,

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Speaker 2: how many dividends it had brought in, and it was

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Speaker 2: a bigger conversation, but it was just incredible to see

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Speaker 2: such a long term portfolio and how it had provided

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Speaker 2: wealth for this family. And it was like, this is genius.

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Speaker 2: But I can still do it today because these companies

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Speaker 2: are still growing, like these options are still on the table,

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Speaker 2: and I just remember thinking, yeah, maybe I do need

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Speaker 2: to invest a little bit more. After seeing that, it

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Speaker 2: wasn't impressed that I had to do the currency conversion

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Speaker 2: from way back in the day though. That was a

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Speaker 2: little bit of a meth around, but it was fun nonetheless.

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Speaker 4: And it's interesting the emotional side of that legacy left too,

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Speaker 4: and going, well, this is what my grandparents believed in. Yeah,

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Speaker 4: you know, should I continue because it's their essets that

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Speaker 4: I'm getting on, or should I got my way? And

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Speaker 4: I think that's another interesting element. You know, there's a

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Speaker 4: lot of emotion when it's passed down.

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Speaker 2: And I think it's important to remember that your values

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Speaker 2: can control how you invest. I mean, that's what that

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Speaker 2: conversation was about. Like, the BHP shares was something that

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Speaker 2: my client was not that happy with because he was like,

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Speaker 2: that's not ethical. I don't want to have my wealth

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Speaker 2: being generated by this company. But to dispose of those

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Speaker 2: shares after such a significant time holding them, the capital

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Speaker 2: gains tax was astronomical, and so it just didn't make

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Speaker 2: sense to sell an asset because you would have to

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Speaker 2: pay so much in tax. But what strategy can we

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Speaker 2: implement to counteract that? And we ultimately ended up having,

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Speaker 2: you know, any new acquisitions were all very ethical, and

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Speaker 2: he started investing some of the money he was making

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Speaker 2: from BHP into environmental charities which were then working against BHP,

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Speaker 2: which was quite funny because it was like, eh, swighing

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Speaker 2: it up, and you feel good about this. We've got

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Speaker 2: a strategy, but everyone's strategy is going to be different, right, Like,

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Speaker 2: at the end of the day, we have been chatting

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Speaker 2: for a while and I could talk underwater with a

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Speaker 2: mouthful of marbles about investing, and I know that you

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Speaker 2: could too. We've covered why investing can feel a bit

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Speaker 2: like an emotional rollercoaster and how it can completely derail.

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Speaker 2: Let's be honest, even the best laid plans, like you

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Speaker 2: just get overly emotional and then you're like, I should

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Speaker 2: sell brook. One of the things that we say on

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Speaker 2: this podcast all the time is when in doubt, zoom out,

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Speaker 2: Like when in doubt, look at the bigger picture, like

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Speaker 2: it could feel trash. I was looking at a chart

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Speaker 2: this morning and one of my favorite resources. Sorry it's

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Speaker 2: not the Chesy's website, but you can replicate this or

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Speaker 2: create your own version for me. It is the Vanguard

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Speaker 2: Interactive Index Chart. Have you seen that? Adore it? So

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00:18:55,680 --> 00:18:57,800
Speaker 2: it's on their website and you can kind of put

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Speaker 2: in your own dates and your own asset classes and

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Speaker 2: shows how it would perform over time and historicals and

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Speaker 2: if you put in any thirty year period, you can

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Speaker 2: see that long term investors have never lost so any

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Speaker 2: thirty year period. But then you know, if I put

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Speaker 2: in my birthday, which was the thirtieth of June nineteen

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Speaker 2: ninety one, great date for a finance girly, literally right,

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Speaker 2: I put that in, And over that period of time,

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Speaker 2: you can see the drop in the share market when

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Speaker 2: the global financial crisis happened. And we know that that

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Speaker 2: is spoken about. You know, two thousand and eight was

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Speaker 2: obviously horrific. People lost their homes, people lost their money,

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Speaker 2: like that's the worst thing ever. You might even listen

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Speaker 2: to your parents' generation. They're like that ruined us, that

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Speaker 2: you know, ruined my friend. But then when you zoom out,

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Speaker 2: that's actually just now a blip in their performance chart,

427
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Speaker 2: like our economy has recovered and then some and when

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Speaker 2: you look back, obviously there was some really big flaws

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Speaker 2: in the American financial system for that to happen. But

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Speaker 2: the and you know that a lot of people during

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Speaker 2: that period of time lost a lot of money because

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Speaker 2: of their emotions. It wasn't because they were poorly invested.

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Speaker 2: It was because they saw all of this housing stuff

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00:20:11,320 --> 00:20:13,960
Speaker 2: happen and they started to freak out. And because the

435
00:20:14,000 --> 00:20:17,840
Speaker 2: market was reflective of other people's poor decisions. Even really

436
00:20:17,840 --> 00:20:22,920
Speaker 2: good performing stocks started to dip because market sentient was that, oh,

437
00:20:23,000 --> 00:20:26,359
Speaker 2: this is scary, So good quality shares were dropping, and

438
00:20:26,400 --> 00:20:29,080
Speaker 2: those people that owned those good quality shares were freaking

439
00:20:29,119 --> 00:20:31,360
Speaker 2: out and they were like, oh my gosh, Brook, I'm

440
00:20:31,359 --> 00:20:33,120
Speaker 2: just going to sell today because I'm going to put

441
00:20:33,200 --> 00:20:36,280
Speaker 2: all in my savings account and then I will feel secure.

442
00:20:36,760 --> 00:20:39,200
Speaker 2: But you can see this chart and how it completely

443
00:20:39,240 --> 00:20:42,000
Speaker 2: rebounds and some more so, a lot of people that

444
00:20:42,080 --> 00:20:44,640
Speaker 2: lost a lot of money during the global financial crisis

445
00:20:44,640 --> 00:20:47,520
Speaker 2: weren't actually impacted, but they were scared. And I think

446
00:20:47,520 --> 00:20:50,280
Speaker 2: that that's a really good story to tell. To go, well,

447
00:20:50,480 --> 00:20:51,840
Speaker 2: you need to zoom out and have a look at

448
00:20:51,840 --> 00:20:55,200
Speaker 2: the bigger picture, Like is this just another situation where

449
00:20:55,280 --> 00:20:58,119
Speaker 2: so many people are terrified. So many people are so

450
00:20:58,280 --> 00:21:01,080
Speaker 2: scared to lose their wealth, which makes sense, like we

451
00:21:01,119 --> 00:21:04,600
Speaker 2: do have to do some education around this, But they

452
00:21:04,680 --> 00:21:07,720
Speaker 2: actually shot themselves in the foot by transferring their wealth

453
00:21:07,720 --> 00:21:10,719
Speaker 2: that was going to recover into cash which then hasn't

454
00:21:10,760 --> 00:21:11,679
Speaker 2: really performed.

455
00:21:12,440 --> 00:21:15,440
Speaker 4: Yeah, I think that's an interesting important part that people

456
00:21:15,440 --> 00:21:19,840
Speaker 4: should understand. It's like the reason markets move is purely

457
00:21:19,920 --> 00:21:23,400
Speaker 4: because of our and our motions, you know, it's actually

458
00:21:23,400 --> 00:21:26,119
Speaker 4: not mad some information and you're well, now do I

459
00:21:26,119 --> 00:21:27,680
Speaker 4: believe in this company or the fun?

460
00:21:27,760 --> 00:21:27,920
Speaker 3: Now?

461
00:21:28,000 --> 00:21:28,200
Speaker 4: Yes?

462
00:21:28,280 --> 00:21:28,320
Speaker 1: No?

463
00:21:28,480 --> 00:21:31,000
Speaker 4: And your buy sale. And I think there's obviously the

464
00:21:31,040 --> 00:21:34,239
Speaker 4: big companies at play and institutions, but as individuals too,

465
00:21:34,320 --> 00:21:36,800
Speaker 4: it's like, yeah, zoom out, do we believe in this

466
00:21:37,040 --> 00:21:38,920
Speaker 4: investment we're making in the long term? Do we believe

467
00:21:38,920 --> 00:21:41,960
Speaker 4: in this fun, this country whatever it might be where

468
00:21:41,960 --> 00:21:44,960
Speaker 4: you're exposed all these companies. You know, we are actually

469
00:21:44,960 --> 00:21:49,160
Speaker 4: typically good at just buying and holding and not being

470
00:21:49,160 --> 00:21:50,960
Speaker 4: to a motive. And that was a lot of the

471
00:21:51,640 --> 00:21:53,320
Speaker 4: like crap would get at the start of CHESI is

472
00:21:53,359 --> 00:21:55,080
Speaker 4: to be honest, is that people don't know what to do,

473
00:21:55,160 --> 00:21:56,600
Speaker 4: and you know they've got to be sophistcurated.

474
00:21:56,640 --> 00:21:59,479
Speaker 2: It's like, well, now you seven people that know what

475
00:21:59,600 --> 00:21:59,840
Speaker 2: to do.

476
00:22:00,080 --> 00:22:03,520
Speaker 4: It's oposticated when the majority of their mar which.

477
00:22:03,359 --> 00:22:10,280
Speaker 2: Is you know like that because Brook you are female. Jeez, Louise, Yeah,

478
00:22:10,400 --> 00:22:12,320
Speaker 2: we never get to ten thousand customers and all that

479
00:22:12,359 --> 00:22:14,720
Speaker 2: sort of jebs. I mean, you don't have ten thousand.

480
00:22:14,800 --> 00:22:19,080
Speaker 2: We've got seven hundred two thousand growing. Oh, I love it. Yeah,

481
00:22:19,119 --> 00:22:20,840
Speaker 2: all right, let's go to a really quick break on

482
00:22:20,880 --> 00:22:22,920
Speaker 2: the flip side. We're going to dive into some practical

483
00:22:22,920 --> 00:22:25,280
Speaker 2: steps you can take to keep those emotions in check

484
00:22:25,400 --> 00:22:27,359
Speaker 2: and make sure that you're on the right path to

485
00:22:27,440 --> 00:22:35,440
Speaker 2: reaching your financial goal. So guys, stay tuned, Welcome back.

486
00:22:35,560 --> 00:22:38,199
Speaker 2: So we've been talking about the emotional ups and downs

487
00:22:38,200 --> 00:22:40,720
Speaker 2: of investing, but now Brook it is time that we

488
00:22:40,760 --> 00:22:43,960
Speaker 2: get practical. I'm not a podcast that just motivates people, like,

489
00:22:44,040 --> 00:22:47,800
Speaker 2: we actually need to give them practical steps and things

490
00:22:47,840 --> 00:22:49,920
Speaker 2: that they can do to implement this. Do you know

491
00:22:49,960 --> 00:22:51,720
Speaker 2: there's nothing worse and you've probably done it because like

492
00:22:51,800 --> 00:22:54,280
Speaker 2: I feel like you are a ted talk early, Like

493
00:22:54,600 --> 00:22:57,120
Speaker 2: you're the same as me. Like I love a motivational talk.

494
00:22:57,200 --> 00:23:00,000
Speaker 2: I love watching other people speak, love going to a conference.

495
00:23:00,400 --> 00:23:02,880
Speaker 2: There is nothing worse than walking out of a conference

496
00:23:02,920 --> 00:23:05,879
Speaker 2: being like, I'm so motivated, she was so great. I

497
00:23:05,920 --> 00:23:08,160
Speaker 2: don't know what to do, Like, we need to give

498
00:23:08,200 --> 00:23:10,800
Speaker 2: people the tips and tricks that they can implement to

499
00:23:10,840 --> 00:23:14,000
Speaker 2: actually get stuff done. I mean you're clearly doing it,

500
00:23:14,040 --> 00:23:16,840
Speaker 2: because not only are you empowering people to invest, you're like,

501
00:23:17,000 --> 00:23:20,800
Speaker 2: here's the actual investment platform, like you lead a horse

502
00:23:20,840 --> 00:23:24,359
Speaker 2: to Yeah, yeah, I like it. I like it Picasso.

503
00:23:24,640 --> 00:23:27,199
Speaker 2: So now it's super easy to say, you know, we

504
00:23:27,240 --> 00:23:29,240
Speaker 2: need to be investing for long term. We're talking about

505
00:23:29,240 --> 00:23:32,840
Speaker 2: that before, but let's be really real, it's tough to

506
00:23:32,840 --> 00:23:35,640
Speaker 2: stay motivated. Like you can walk out of the motivational presentation,

507
00:23:35,760 --> 00:23:37,439
Speaker 2: you can listen to the podcast, you can be like

508
00:23:37,560 --> 00:23:41,040
Speaker 2: investing Brook it's for me, yeah, And then life gets

509
00:23:41,040 --> 00:23:43,720
Speaker 2: in the way and you just feel like the payoff

510
00:23:43,800 --> 00:23:45,680
Speaker 2: is so far down the road. What's it going to

511
00:23:45,720 --> 00:23:48,159
Speaker 2: take to compound nicely? Like seven to ten years?

512
00:23:48,320 --> 00:23:49,400
Speaker 4: Like that just.

513
00:23:49,400 --> 00:23:53,480
Speaker 2: Feels so far off. But how did you keep yourself

514
00:23:53,560 --> 00:23:56,879
Speaker 2: pushing forward when you first started your investing journey and

515
00:23:57,320 --> 00:24:01,120
Speaker 2: what helped you stay engaged and don't lose any focus

516
00:24:01,280 --> 00:24:04,800
Speaker 2: even when progress sometimes feels slow and like I checked

517
00:24:04,800 --> 00:24:06,439
Speaker 2: it yesterday and I've earned nothing.

518
00:24:06,920 --> 00:24:10,160
Speaker 4: Honestly, the best thing to keep me on track is automation.

519
00:24:10,880 --> 00:24:12,920
Speaker 4: Like that's literally about investing all the time.

520
00:24:13,000 --> 00:24:17,199
Speaker 2: Why not I do, Welcome to the money. It's not

521
00:24:17,240 --> 00:24:19,919
Speaker 2: that sexy though, No, no, no, not everybody you.

522
00:24:20,200 --> 00:24:23,360
Speaker 4: Know and for most people too. It's just like the

523
00:24:23,400 --> 00:24:26,840
Speaker 4: best way of managing money is having really good habits, essentially,

524
00:24:27,040 --> 00:24:29,679
Speaker 4: and for me, it's about automation. So I have my

525
00:24:29,760 --> 00:24:32,120
Speaker 4: autumn best set up if I was here in Australia,

526
00:24:32,119 --> 00:24:34,840
Speaker 4: I'd be definitely doing roundups. We don't have that in

527
00:24:34,880 --> 00:24:36,560
Speaker 4: New Zealand yet. But in New.

528
00:24:36,600 --> 00:24:38,800
Speaker 2: Zealand you also have investing for kids, and we don't

529
00:24:38,840 --> 00:24:41,960
Speaker 2: have that. Exactly is we could do a little bit

530
00:24:41,960 --> 00:24:46,000
Speaker 2: of a swat seat, let them have roundups and they

531
00:24:46,000 --> 00:24:47,679
Speaker 2: can let us have investing for kids.

532
00:24:47,920 --> 00:24:50,280
Speaker 4: That's exactly what we're working on the structure on at

533
00:24:50,320 --> 00:24:54,240
Speaker 4: the moment. Yeah, and so just automatic investing, because I

534
00:24:54,280 --> 00:24:55,760
Speaker 4: really want to make sure we're giving back because when

535
00:24:55,760 --> 00:24:59,800
Speaker 4: you're investing, you're helping, you know, companies create jobs and

536
00:25:00,040 --> 00:25:02,280
Speaker 4: for all this vision they have for the world that

537
00:25:02,359 --> 00:25:04,159
Speaker 4: you want to have, you know, come to life. And

538
00:25:04,160 --> 00:25:06,200
Speaker 4: also on funds too, you know. And so I think

539
00:25:06,280 --> 00:25:08,720
Speaker 4: their automation for me is the biggest way that just

540
00:25:08,800 --> 00:25:10,800
Speaker 4: makes me relax. I'm like, well, I know I'm putting

541
00:25:10,800 --> 00:25:12,840
Speaker 4: a certain amount of where I'm happy to every payday,

542
00:25:13,359 --> 00:25:15,160
Speaker 4: and that's fine.

543
00:25:15,560 --> 00:25:15,760
Speaker 2: You know.

544
00:25:15,880 --> 00:25:17,800
Speaker 4: Yes, I might dabble on the side and do the

545
00:25:17,800 --> 00:25:20,119
Speaker 4: satellite approach as we're talking about before, but that is

546
00:25:20,240 --> 00:25:23,399
Speaker 4: the consistency and that is why I just sleep easy.

547
00:25:23,680 --> 00:25:26,040
Speaker 2: And I think that's why I'm so clear about the

548
00:25:26,080 --> 00:25:28,520
Speaker 2: approach I take because I don't want people hearing me go,

549
00:25:28,720 --> 00:25:30,679
Speaker 2: oh my gosh, yeah, I did this research into this

550
00:25:30,760 --> 00:25:34,399
Speaker 2: like farmer company or whatever. I'm thinking that that's the

551
00:25:34,480 --> 00:25:39,160
Speaker 2: investing journey. It's not like my portfolio is so boring.

552
00:25:39,760 --> 00:25:41,800
Speaker 2: But then I do some fun things and the fun

553
00:25:41,840 --> 00:25:44,560
Speaker 2: things happen, not because you have to do that, but

554
00:25:44,640 --> 00:25:47,960
Speaker 2: because Brookware on cheese on the money. I'm obsessed with

555
00:25:48,000 --> 00:25:51,160
Speaker 2: the sher market. I love chatting about it, I love

556
00:25:51,480 --> 00:25:55,320
Speaker 2: seeing what's going on. I really love good companies. Yeah people,

557
00:25:55,359 --> 00:25:57,680
Speaker 2: and I really love reading an annual report. But that's

558
00:25:57,720 --> 00:26:01,480
Speaker 2: not for everybody. And that's why I I guess Chazy's exists.

559
00:26:01,480 --> 00:26:03,879
Speaker 2: And I feel like I'm a walking like billboard for

560
00:26:04,000 --> 00:26:06,919
Speaker 2: Chasy's because whenever people are like, so what should I do,

561
00:26:06,960 --> 00:26:10,240
Speaker 2: I'm like, well, sit down, so have you heard of Chazy? Literally,

562
00:26:10,600 --> 00:26:14,280
Speaker 2: because I'm just like, not everybody wants to be as technical,

563
00:26:14,520 --> 00:26:17,440
Speaker 2: and you can be, but sometimes you just want the

564
00:26:17,560 --> 00:26:20,199
Speaker 2: spark notes version. I want you to tell me what

565
00:26:20,320 --> 00:26:22,200
Speaker 2: does this company do, how does it do it? Where

566
00:26:22,240 --> 00:26:24,719
Speaker 2: can I find it? You know, what are the spark

567
00:26:24,800 --> 00:26:28,040
Speaker 2: notes of this? And that's what the Chasi's platform does.

568
00:26:28,040 --> 00:26:30,000
Speaker 2: And then all of this other stuff I'm doing in

569
00:26:30,000 --> 00:26:32,760
Speaker 2: the background. I guess a good question that I have

570
00:26:32,880 --> 00:26:34,639
Speaker 2: for you. I mean, I think it's good because it's

571
00:26:34,680 --> 00:26:37,040
Speaker 2: my question. It's going to be great. You're a CEO.

572
00:26:37,840 --> 00:26:42,800
Speaker 2: That's pretty big dog. Are you investing differently now that

573
00:26:42,840 --> 00:26:46,400
Speaker 2: you're a CEO than when you were just a salary

574
00:26:46,440 --> 00:26:49,840
Speaker 2: and wage earning employee. Is there like some kind of

575
00:26:49,880 --> 00:26:52,840
Speaker 2: like I'm cracking the code because now I have lots

576
00:26:52,840 --> 00:26:55,120
Speaker 2: of money coming in? Or am I cracking the code

577
00:26:55,160 --> 00:26:58,119
Speaker 2: because now I have a you know, really fancy career.

578
00:26:58,160 --> 00:27:02,000
Speaker 2: I feel like people seem to think that because you

579
00:27:02,240 --> 00:27:06,320
Speaker 2: have a very fancy job title, your investment portfolio must

580
00:27:06,400 --> 00:27:08,680
Speaker 2: be oodle's more complicated.

581
00:27:09,640 --> 00:27:13,000
Speaker 4: I would say it's changed more from being a founder

582
00:27:13,119 --> 00:27:15,840
Speaker 4: and going through the process of starting a company that

583
00:27:15,920 --> 00:27:18,359
Speaker 4: then I'm more exposed to other startups and things like

584
00:27:18,400 --> 00:27:19,920
Speaker 4: that that I want to, you know, in a small

585
00:27:19,960 --> 00:27:21,399
Speaker 4: way with a group of friends, we are trying to

586
00:27:21,440 --> 00:27:25,920
Speaker 4: get more female shareholders and companies. We're going to talk

587
00:27:25,960 --> 00:27:30,119
Speaker 4: about this offer. Honestly, I wanted to invest. I looked

588
00:27:30,119 --> 00:27:33,720
Speaker 4: at platforms in New Zealand, but my first investments were

589
00:27:33,720 --> 00:27:36,440
Speaker 4: through staff share scheme, so zero I got shares from

590
00:27:36,480 --> 00:27:39,720
Speaker 4: working there and that was my first actual ownership of

591
00:27:39,720 --> 00:27:42,399
Speaker 4: a share And so it wasn't till Chares Is that

592
00:27:42,400 --> 00:27:44,159
Speaker 4: I got to start investing and then we got to

593
00:27:44,200 --> 00:27:46,720
Speaker 4: create it the way that we But that's really cool, Yeah,

594
00:27:46,720 --> 00:27:48,679
Speaker 4: but I was so ashamed that it wasn't there when

595
00:27:48,680 --> 00:27:50,080
Speaker 4: we were younger. But I'm just so stoked it.

596
00:27:50,680 --> 00:27:52,120
Speaker 2: But it wasn't as accessible.

597
00:27:52,280 --> 00:27:54,280
Speaker 4: I mean, I did the same calculations you did, and

598
00:27:54,320 --> 00:27:56,960
Speaker 4: I was just like, the cost of the transaction wasn't

599
00:27:56,960 --> 00:27:58,000
Speaker 4: going to be worth the amount.

600
00:27:57,760 --> 00:28:01,919
Speaker 2: Of money Anchorage was astronomical, Like, there's no way that

601
00:28:02,000 --> 00:28:05,280
Speaker 2: when I started, I could have afforded to invest in

602
00:28:05,320 --> 00:28:07,560
Speaker 2: the way that we recommend now, right, Like you spoke

603
00:28:07,680 --> 00:28:10,520
Speaker 2: before about dolar cost averaging. For those of you who

604
00:28:10,520 --> 00:28:12,280
Speaker 2: are like, oh my gosh, like I have not listened

605
00:28:12,320 --> 00:28:14,560
Speaker 2: to enough Sheese on the money. That's essentially where you

606
00:28:14,600 --> 00:28:17,520
Speaker 2: invest consistently and regularly, so that even if it's a

607
00:28:17,520 --> 00:28:19,399
Speaker 2: good time in the market, you're investing. When it's a

608
00:28:19,440 --> 00:28:21,600
Speaker 2: bad time in the market, you're investing, so that on

609
00:28:21,800 --> 00:28:25,480
Speaker 2: average we can get access to all of the best

610
00:28:25,560 --> 00:28:28,240
Speaker 2: days in the market. Whereas if I could time the

611
00:28:28,240 --> 00:28:30,960
Speaker 2: market brook I'd be so rich so would you like,

612
00:28:31,240 --> 00:28:33,480
Speaker 2: we wouldn't even have to have investing platforms because we

613
00:28:33,480 --> 00:28:37,320
Speaker 2: would be Warren Buffett. But we're not. Nobody can time

614
00:28:37,400 --> 00:28:39,640
Speaker 2: the market, and the second best thing to timing the

615
00:28:39,680 --> 00:28:43,600
Speaker 2: market is time in the market. So dolar cost averaging

616
00:28:43,960 --> 00:28:47,720
Speaker 2: is literally making sure that you're investing consistently so that

617
00:28:47,800 --> 00:28:49,480
Speaker 2: you know, if the market goes down, you get the

618
00:28:49,520 --> 00:28:52,040
Speaker 2: little discount. If it's up, it's not so worrying because

619
00:28:52,120 --> 00:28:54,600
Speaker 2: last month you got the discount and all averages out.

620
00:28:55,120 --> 00:28:57,600
Speaker 2: But when I started my journey, that wasn't an option.

621
00:28:58,040 --> 00:28:59,880
Speaker 2: I had to like get my money together. I worked

622
00:28:59,880 --> 00:29:01,880
Speaker 2: out out what brokerage was going to cost, and it

623
00:29:01,920 --> 00:29:04,240
Speaker 2: was going to be way too astronomical to do dollar

624
00:29:04,280 --> 00:29:07,280
Speaker 2: cost averaging, and so then I had this additional stress

625
00:29:07,320 --> 00:29:10,240
Speaker 2: of working out, well I can only afford to basically invest.

626
00:29:10,280 --> 00:29:12,480
Speaker 2: I think it was like four times a year because

627
00:29:12,680 --> 00:29:14,600
Speaker 2: of the amount of money I was investing, and I'm like,

628
00:29:14,920 --> 00:29:17,920
Speaker 2: when's the best time? And then I get analysis paralysis.

629
00:29:18,120 --> 00:29:20,200
Speaker 2: I remember one year being like I haven't invested at

630
00:29:20,200 --> 00:29:21,840
Speaker 2: all because like I just couldn't find a time and

631
00:29:21,920 --> 00:29:23,800
Speaker 2: dumping all my money in. And then something happened and

632
00:29:23,840 --> 00:29:27,160
Speaker 2: I was like great, Like I didn't get that control.

633
00:29:27,440 --> 00:29:30,280
Speaker 2: The idea that you can just do this for so

634
00:29:30,520 --> 00:29:33,880
Speaker 2: cheap and so easy now to me is kind of

635
00:29:33,920 --> 00:29:37,640
Speaker 2: wild brook. We've covered a lot today, from I guess

636
00:29:37,680 --> 00:29:39,760
Speaker 2: the highs of market gains to the loads of like

637
00:29:39,800 --> 00:29:42,800
Speaker 2: the nerve wracking dips. I still get that pit in

638
00:29:42,840 --> 00:29:46,080
Speaker 2: the bottom of my stomach. But here are the golden rules.

639
00:29:46,120 --> 00:29:49,720
Speaker 2: So keep your cool when in doubt, throom out, stay

640
00:29:49,760 --> 00:29:52,720
Speaker 2: focused on the long term game, and let compound interest

641
00:29:52,800 --> 00:29:55,280
Speaker 2: do what it does best, and that's making your money

642
00:29:55,400 --> 00:29:56,440
Speaker 2: make even more money.

643
00:29:56,680 --> 00:29:59,240
Speaker 4: Like I love that saying. It's like you can't work

644
00:29:59,280 --> 00:30:02,040
Speaker 4: twenty four seven, but your money can. And it's like

645
00:30:02,080 --> 00:30:05,040
Speaker 4: that's what happens. Your money starts earning money, that creates money,

646
00:30:05,120 --> 00:30:09,480
Speaker 4: and it's incredible. Over time, you've typically compounded more money.

647
00:30:09,480 --> 00:30:11,480
Speaker 4: Your money's made more money than you ever started putting

648
00:30:11,480 --> 00:30:13,040
Speaker 4: in or even put in. I wish I could show

649
00:30:13,080 --> 00:30:15,280
Speaker 4: that graf visually right now, but it's so important, like

650
00:30:15,320 --> 00:30:16,360
Speaker 4: I think, for people to understand.

651
00:30:16,400 --> 00:30:18,240
Speaker 2: So sorry, no, no, no, no, I love it. In

652
00:30:18,280 --> 00:30:21,120
Speaker 2: the presentation that I did this morning, I was talking

653
00:30:21,160 --> 00:30:23,120
Speaker 2: to the group of girls and I was so excited

654
00:30:23,160 --> 00:30:25,800
Speaker 2: about it, and I was like, would anyone say no

655
00:30:25,960 --> 00:30:28,280
Speaker 2: to a million dollars of free money? And they're all

656
00:30:28,320 --> 00:30:31,680
Speaker 2: like no, obviously, because like we're not crazy, Like that's fine.

657
00:30:32,120 --> 00:30:35,800
Speaker 2: But I was like, if you invest every single month

658
00:30:36,200 --> 00:30:39,640
Speaker 2: for your entire career, five hundred dollars each and every

659
00:30:39,640 --> 00:30:41,960
Speaker 2: single month, whether that is in your Keywi saver or

660
00:30:42,040 --> 00:30:44,680
Speaker 2: it is in your superannuation, like, or you just want

661
00:30:44,720 --> 00:30:48,320
Speaker 2: to do it externally, five hundred dollars every single month

662
00:30:48,640 --> 00:30:51,400
Speaker 2: over that period of time, that becomes two hundred and

663
00:30:51,480 --> 00:30:53,640
Speaker 2: forty thousand dollars. And they're all like, oh, that's a

664
00:30:53,680 --> 00:30:55,480
Speaker 2: lot of money, and I'm like, yeah, I know, but

665
00:30:55,960 --> 00:30:58,720
Speaker 2: that's just if you saved it. If you invested it

666
00:30:58,880 --> 00:31:00,960
Speaker 2: with an average rate of return of seven and a

667
00:31:00,960 --> 00:31:03,200
Speaker 2: half percent, which we know it's not it's more than that,

668
00:31:03,240 --> 00:31:06,760
Speaker 2: but we like to be conservative, that becomes one point

669
00:31:06,760 --> 00:31:09,320
Speaker 2: two to five million dollars. So I'm telling you that

670
00:31:09,400 --> 00:31:13,080
Speaker 2: if you invested instead of saved that same amount of money,

671
00:31:13,080 --> 00:31:15,280
Speaker 2: you could have a million dollars for free just by waiting.

672
00:31:15,960 --> 00:31:18,680
Speaker 2: I love money. I want a million dollars for free,

673
00:31:18,680 --> 00:31:22,000
Speaker 2: brook And I guess that's why to me it's so powerful,

674
00:31:22,080 --> 00:31:26,520
Speaker 2: because that's what gives women in particular power. And I've

675
00:31:26,520 --> 00:31:28,840
Speaker 2: never met anyone who's like, oh, yeah, when women get

676
00:31:28,880 --> 00:31:32,960
Speaker 2: financially literate, world's a worst place. Like every time a

677
00:31:33,000 --> 00:31:36,600
Speaker 2: woman becomes more financially literate, our entire world becomes a

678
00:31:36,600 --> 00:31:40,480
Speaker 2: better place. Women help women. I'm seeing it literally in you.

679
00:31:40,480 --> 00:31:42,840
Speaker 2: You're like, oh my gosh, now that I am a CEO,

680
00:31:43,040 --> 00:31:45,240
Speaker 2: I have the funds to get together with my friends

681
00:31:45,280 --> 00:31:48,320
Speaker 2: and help other women get into business or get them funded,

682
00:31:48,480 --> 00:31:51,840
Speaker 2: Like this is happening around the world. Isn't that cool

683
00:31:51,840 --> 00:31:53,320
Speaker 2: that you get to not only be a part of

684
00:31:53,360 --> 00:31:56,160
Speaker 2: it in that aspect, but your investing platform is going

685
00:31:56,200 --> 00:31:58,160
Speaker 2: to create these women into millionaires.

686
00:31:58,360 --> 00:32:01,000
Speaker 4: I love that saying a rising time floats all boats,

687
00:32:01,040 --> 00:32:02,840
Speaker 4: you know, And I think the there's so much more

688
00:32:02,880 --> 00:32:06,040
Speaker 4: to do to empower more people to have more excess

689
00:32:06,040 --> 00:32:08,520
Speaker 4: to opportunities. And yeah, I say that.

690
00:32:08,440 --> 00:32:10,320
Speaker 2: All the time. I feel like you and I just

691
00:32:10,360 --> 00:32:13,480
Speaker 2: like you're the blonde version of my brunette because like

692
00:32:13,560 --> 00:32:16,280
Speaker 2: I always say, a rising tide lifts all shits. Oh no,

693
00:32:16,480 --> 00:32:18,360
Speaker 2: and like I'm always like no, no, no, Like it

694
00:32:18,400 --> 00:32:21,000
Speaker 2: doesn't matter. We're all on the same page. Like there's

695
00:32:21,000 --> 00:32:23,840
Speaker 2: more than enough out there, like and that quote about

696
00:32:23,880 --> 00:32:27,000
Speaker 2: like you don't make your light shine brighter by dimming

697
00:32:27,040 --> 00:32:30,000
Speaker 2: somebody else's. I really like that one too. But now

698
00:32:30,000 --> 00:32:32,560
Speaker 2: we've moved on to quotes, I think it's time to

699
00:32:32,640 --> 00:32:35,440
Speaker 2: move off the show because I want to talk about

700
00:32:35,520 --> 00:32:39,360
Speaker 2: investing for kids, which you know watch this space She's

701
00:32:39,360 --> 00:32:42,240
Speaker 2: on the Money community. But Brooke, as always, it has

702
00:32:42,280 --> 00:32:44,640
Speaker 2: been an absolute pleasure having you on the show. Thank

703
00:32:44,640 --> 00:32:46,520
Speaker 2: you so much for sharing your wisdom with our community.

704
00:32:46,640 --> 00:32:49,840
Speaker 2: Before you say goodbye, though, I obviously have to do

705
00:32:49,880 --> 00:32:53,120
Speaker 2: a completely shameless plug if you haven't joined chares E's,

706
00:32:53,240 --> 00:32:55,640
Speaker 2: please don't forget that. If you sign up to Shares's

707
00:32:55,720 --> 00:32:59,640
Speaker 2: using the code STM, you get a free ten dollars

708
00:32:59,720 --> 00:33:02,040
Speaker 2: in your account to invest with. And did you see

709
00:33:02,040 --> 00:33:05,360
Speaker 2: Brook the other day, our co host on our Wednesday episodes.

710
00:33:05,560 --> 00:33:09,560
Speaker 2: Beck started investing and she now has eleven dollars invested,

711
00:33:09,640 --> 00:33:12,680
Speaker 2: and I am so excited because ten of that was free.

712
00:33:13,080 --> 00:33:13,680
Speaker 4: Be for real.

713
00:33:14,520 --> 00:33:18,280
Speaker 2: We basically funded her entire investment portfolio so fast. I

714
00:33:18,320 --> 00:33:20,600
Speaker 2: loved that, all right, Thank you, Brook, It has been

715
00:33:20,600 --> 00:33:21,080
Speaker 2: a pleasure.

716
00:33:21,200 --> 00:33:22,560
Speaker 4: Thank you so much. Appreciate it.

717
00:33:28,240 --> 00:33:30,800
Speaker 5: The advice shared on She's on the Money is general

718
00:33:30,840 --> 00:33:34,720
Speaker 5: in nature and does not consider your individual circumstances. She's

719
00:33:34,760 --> 00:33:38,200
Speaker 5: on the Money exists purely for educational purposes and should

720
00:33:38,240 --> 00:33:41,400
Speaker 5: not be relied upon to make an investment or financial decision.

721
00:33:41,800 --> 00:33:44,040
Speaker 2: If you do choose to buy a financial.

722
00:33:43,600 --> 00:33:47,960
Speaker 5: Product, read the PDS TMD and obtain appropriate financial advice.

723
00:33:47,640 --> 00:33:48,960
Speaker 2: Tailored towards your needs.

724
00:33:49,320 --> 00:33:53,280
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

725
00:33:53,320 --> 00:33:57,200
Speaker 5: of money SHERPA pty Ltd ABN three two one is

726
00:33:57,240 --> 00:33:59,320
Speaker 5: six four nine two seven seven.

727
00:33:59,240 --> 00:34:02,120
Speaker 2: Zero eight a f s L four five one two

728
00:34:02,160 --> 00:34:02,640
Speaker 2: eight nine

729
00:34:13,080 --> 00:34:13,279
Speaker 1: Hmm