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Speaker 1: Hello.

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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the

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Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we

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Speaker 2: get started on She's on the Money podcast, I would

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Speaker 2: like to acknowledge the traditional custodians of the land of

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Speaker 2: which this podcast is recorded on a wondery country, acknowledging

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Speaker 2: the elders, the ancestors and the next generation coming through.

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Speaker 2: As this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow.

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Speaker 1: 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 4: Hello, and welcome to She's on the Money, the podcast

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Speaker 4: for millennials who want financial freedom. Welcome back to another

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Speaker 4: episode that is actually a little bit rogue. Today, Miss

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Speaker 4: Jessicarci and I are sitting here with Vince Scully and

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Speaker 4: Queenie from invest With Queenie.

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Speaker 1: Hi, guys, Hello.

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Speaker 5: Hello, thank you so much for having me on the pod.

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Speaker 6: Thank you, It's great to be here.

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Speaker 4: Jess and I are so excited to have this chat

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Speaker 4: because after the influencer blow up last year, there is

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Speaker 4: just a lot to decipher, but before we get there, Jess,

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Speaker 4: you said before guys, I have a really important question

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Speaker 4: that I want to get you at the start of

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Speaker 4: the episode.

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Speaker 1: What was it For.

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Speaker 7: Those of us who are not so much in the

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Speaker 7: financial space, Can someone please explain to me what a

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Speaker 7: licensee Eve it is.

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Speaker 6: Everybody who provides financial services needs to have a license

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Speaker 6: which is issued by the Australian Securities and Investment Commission

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Speaker 6: ASSE which fourthoughwise known as ESSEN not the shoe, not

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Speaker 6: to be confused with the shoes. And there are two

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Speaker 6: types of license. There's an Australian Financial Services license, which deals

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Speaker 6: with all the traditional financial products like super bank deposits, investments, insurance.

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Speaker 6: And there's a thing called an Australian Credit license, which

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Speaker 6: deals with credit cards, home loans, personal loans.

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Speaker 1: I've got both, and.

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Speaker 6: Most people who operate industry work under somebody else's license,

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Speaker 6: So you didn't have a license yourself, or you can

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Speaker 6: work as a representative of someone who does have a license.

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Speaker 5: It's a really nice segue to the fact that what

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Speaker 5: do you do.

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Speaker 6: I run a business called Life Shopper, which is a

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Speaker 6: online financial advice service focused on the needs of younger

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Speaker 6: Australians and we have a financial services license and a

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Speaker 6: credit license, both held by a sister company called money Shepper,

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Speaker 6: and we operate our advice business under the Life Shopper brand,

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Speaker 6: which is a representative of money Shepper.

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Speaker 7: And do you license anyone interesting finis?

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Speaker 6: We do? We?

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Speaker 5: Did you ask Jessica?

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Speaker 6: That was a good segue? I could ride that segue

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Speaker 6: all the way to the restaurant, and yes so we

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Speaker 6: as well as licensing our own business, we license a

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Speaker 6: number of influences, including Victoria Devine and she's on the

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Speaker 6: money and.

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Speaker 5: So exciting.

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Speaker 1: Queenie, you're new around here.

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Speaker 5: I am.

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Speaker 8: I am really happy to be here. It took a

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Speaker 8: while to get it all down, pat, but we're here

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Speaker 8: now and I'm just so happy because, honestly, Vince, Victoria,

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Speaker 8: it's just so nice to have this community. And we

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Speaker 8: all do different things, but I think we all have

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Speaker 8: the same mission, which is so lovely.

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Speaker 4: The thing I want to talk about with you guys

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Speaker 4: today is really about.

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Speaker 1: Who do we trust in this industry, Who do we

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Speaker 1: talk to?

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Speaker 4: Who do we look at when we want to talk

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Speaker 4: about financial literacy and creating wealth and what investing is

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Speaker 4: and how that works. Because there's so many different conflicting

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Speaker 4: opinions that fly around. I mean, the media has made

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Speaker 4: it out to be the scariest thing in the end

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Speaker 4: higher world, but I feel like it's not scary. We

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Speaker 4: just need clarity, and what provides clarity is often licensing.

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Speaker 4: I feel like the media really catastrophizes this and it's

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Speaker 4: like the rise of the influencer and then it's the

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Speaker 4: fall of the influencer, when in reality, I genuinely believe

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Speaker 4: that everyone in this space should be and usually is

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Speaker 4: here because they just want people to be financially literate, right,

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Speaker 4: And so I guess that's why we should start the

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Speaker 4: conversation not around who usually trust, but like why are

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Speaker 4: we here?

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Speaker 1: What are we passionate about? Queenie, how did you get

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Speaker 1: into this finance space?

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Speaker 8: Ohly said, it's so well.

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Speaker 5: I love it.

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Speaker 1: I love that.

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Speaker 8: Thank you so much for having me. How did I

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Speaker 8: get involved? So it was locked out? And I think

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Speaker 8: we can all remember those times I was working from home.

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Speaker 8: I was working for a fintech startup. Decided this new

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Speaker 8: job and we started working from home, and I was

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Speaker 8: really really scared because I felt in the company it's

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Speaker 8: a startup, we were spending more money than we were

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Speaker 8: making us startups do, and we kind of knew there

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Speaker 8: could be some layoffs and I just thought, oh my gosh, it's.

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Speaker 5: Going to be me.

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Speaker 1: Yeah exactly.

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Speaker 4: I was like, Oh God, that's what they say, right,

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Speaker 4: so that makes you really scared.

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Speaker 1: I was so scared.

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Speaker 8: And then we did this meeting, and in the meeting

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Speaker 8: we found out that yeah, twenty percent of our company

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Speaker 8: got let go, but I wasn't one of them. Oh

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Speaker 8: I kind of wish I was, because it was awful.

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Speaker 5: I would have kept you to so good.

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Speaker 8: But I felt awful, you know, like just that feeling

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Speaker 8: like pretty much everyone that I met on that day

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Speaker 8: that I was.

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Speaker 5: Working with a job, yeah, we're not there.

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Speaker 8: And I was like wow, And I felt really lucky

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Speaker 8: because I even though I was able to keep my

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Speaker 8: job during that period, I knew that even if I

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Speaker 8: did get let go, like, I wouldn't have needed that

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Speaker 8: job because I had emergency savings and queens.

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Speaker 1: Maybe that's why I call you queeny things.

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Speaker 8: And I also had, you know, just purchase the apartment

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Speaker 8: that I was living in. And I was like, Wow,

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Speaker 8: how lucky am I to have this financial stability when

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Speaker 8: just a couple of years ago, I had nothing, and

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Speaker 8: that little Queenie back then would have been feeling so

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Speaker 8: bad about herself, you know, if this happened and if

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Speaker 8: she lost her job. So I just wanted to create

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Speaker 8: videos to little Queenie back then or anyone that's going

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Speaker 8: through a rough time, just to give people hope and

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Speaker 8: say even if you're in a bad situation, now, it's

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Speaker 8: not forever and you can get through it.

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Speaker 4: Yeah, oh my gosh, that is literally so wholesome. But

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Speaker 4: what was your pivot point into you know, you said

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Speaker 4: you bought your first apartment. You said that, you know,

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Speaker 4: you were financially secure. Most of my community would be

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Speaker 4: listening to this going what do you mean, how did

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Speaker 4: you get into that? What was that change for you

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Speaker 4: from you know, not having what you said, not having anything,

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Speaker 4: to you know, having an apartment, having emergency savings, being

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Speaker 4: in a financially secure position.

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Speaker 8: I think the tipping point was reading The Barefoot Investor,

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Speaker 8: And I think.

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Speaker 1: A lot of people such a good stuff for such.

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Speaker 8: A good starting point, and it kind of it opened

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Speaker 8: my eyes to the possibility of having stability and not

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Speaker 8: being at a job and real thinking that you need

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Speaker 8: that job, and you know, just kind of like living

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Speaker 8: to survive, you could actually live and thrive with money,

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Speaker 8: and that was a good mindset. Then I started on

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Speaker 8: my snowball of personal finance.

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Speaker 1: FeAs there's literally snowballs right exactly, there.

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Speaker 8: Are so many, and I was just consuming all the

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Speaker 8: content and little by little the savings started to grow,

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Speaker 8: you know, festivals five dollars and then eventually one thousand dollars,

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Speaker 8: five thousand dollars started investing and I was like, oh

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Speaker 8: my gosh, I've never had this much money in my life,

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Speaker 8: Like it's amazing, And yeah, I really think that it

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Speaker 8: starts small, but it can it can build up.

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Speaker 4: You guys are so transparent on your platform, so you

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Speaker 4: and your fiance create a lot of content together, and

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Speaker 4: I've seen a lot of your videos where you're like,

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Speaker 4: this is how much we earn, this is how we

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Speaker 4: spend it, this is where we generate our revenue. How

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Speaker 4: did you become comfortable to share such intimate information.

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Speaker 8: Well, it's a bit awkward at the beginning because I'm

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Speaker 8: scared people will judge, and you know, people don't really

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Speaker 8: like talking about money. But I think slowly I have

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Speaker 8: started to I want to talk about it more because

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Speaker 8: I think that genuinely pay transparency, talking about how much

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Speaker 8: people get paid. That's how it's just going to be

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Speaker 8: more fair for everyone. And I'm prepared to be that person.

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Speaker 1: To maybe, you know, take one for the team.

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Speaker 8: Yeah, because if you're not talking about your pay, or

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Speaker 8: if people don't know how much anyone's getting paid, I

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Speaker 8: think it's way more likely that some people can be

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Speaker 8: underpaid for what they're doing.

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Speaker 5: So I think it's important those hide exactly exactly.

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Speaker 1: It is very instick, is that what you're up to?

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Speaker 1: Vince over there in the blue.

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Speaker 6: Chair, in the blue chair, the sheppert Teel chair.

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Speaker 1: The sherpet Teal chair.

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Speaker 4: Sorry, sorry, I think it's interesting because obviously we've got

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Speaker 4: content creators on this side of the table, and then

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Speaker 4: we've got Vince, who big dog.

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Speaker 1: Vince is our license we.

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Speaker 4: Do we do content too, we do content too, but

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Speaker 4: you're like the big dog license.

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Speaker 2: See.

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Speaker 4: I was about to say, what's your experience in content creation?

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Speaker 1: Because you're the legit one in the room at the moment.

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Speaker 6: I mean just because I've got the certificate.

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Speaker 1: Yeah, yeah, you're you're currently really legit legit.

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Speaker 6: I mean that's really interesting. I mean, we have a

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Speaker 6: as a country the benefit of having some laws that

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Speaker 6: protect people from rogue.

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Speaker 1: Content, which is amazing.

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Speaker 6: I mean, you and I have been to conference in

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Speaker 6: the US, which is a bit of a wild West

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Speaker 6: when it comes to content. Anyone who says I paid

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Speaker 6: off fifty thousand dollars in consuming it, therefore I'm a

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Speaker 6: financial expert.

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Speaker 4: Actually that was wild We can talk about that in

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Speaker 4: a hot second.

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Speaker 6: We can lots of hot seconds here, and so we

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Speaker 6: have regulations that seek to protects as consumers from rogue content.

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Speaker 6: And just today there was an influence or finl and

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Speaker 6: soon or content creator, whatever you want to call him,

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Speaker 6: got sent to.

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Speaker 1: Jail for first one in Australia.

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Speaker 6: Yeah, so that's all good, and it should help people

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Speaker 6: make an assessment of the quality of the content that

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Speaker 6: they're seeing and whether they should pay attention to it.

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Speaker 6: But of course, you know, I think we can difference

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Speaker 6: it between entertainment, which should be fun, and content that

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Speaker 6: we're going to treat as advice. I mean, you know

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Speaker 6: Dave Ramsey, I could listen to him all day as entertainment,

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Speaker 6: but I'd never take financial advice from him. Yeah, and

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Speaker 6: he's the US's was highly paid radio personality So it's

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Speaker 6: really about how do we know what content is good

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Speaker 6: and what's entertainment and we should be able to differentiate

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Speaker 6: between the two.

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Speaker 4: Yeah, and I think everyone's heart is in the right place, right,

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Speaker 4: Like if you pay off fifty thousand dollars worth of

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Speaker 4: personal it to your example, and then you want to

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Speaker 4: empower other people to do it, like, that's beautiful, that's

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Speaker 4: so nice. I want you to do that. But just

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Speaker 4: because as certain circumstance worked for you doesn't mean it's

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Speaker 4: going to work for someone else. And that's where I

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Speaker 4: think we end up running into trouble. Jess, you're hanging

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Speaker 4: out here. Hello, You're not a finance content creator, but

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Speaker 4: you happen to work for a finance podcast, and you're

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Speaker 4: also a content creator in your own right. You have

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Speaker 4: your own platform, you're on Instagram, you're a YouTube channel

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Speaker 4: where you talk about like fashion and beauty, and you've

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Speaker 4: like dabbled in savings. But it's not really I would

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Speaker 4: say the pillar of the content that you create. How

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Speaker 4: do you feel when it comes to money versus content creation?

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Speaker 4: And where that line exists for someone who's maybe not

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Speaker 4: in the same sphere as the other three of us.

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Speaker 7: I think that for me, as someone who before I

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Speaker 7: worked for Shes and the Money, I was consuming money content.

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Speaker 7: That's how I was listening to Shees on the Money.

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Speaker 7: That's how I got out of debt. So I was

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Speaker 7: consuming a lot of content from a lot of people

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Speaker 7: at the time. I think the line for me is

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Speaker 7: that there's a big deal friends between saying to someone,

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Speaker 7: here's some tips on how you can be better with

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Speaker 7: your money. Here taken save money at the grocery store.

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Speaker 7: Here's how I find the best deals online, versus when

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Speaker 7: we're talking about investing, when we're talking about insurances, when

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Speaker 7: we're talking about superannuation, those things.

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Speaker 5: If you consume the wrong.

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Speaker 7: Advice and you take it to heart and you implicate,

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Speaker 7: it has the potential to derail your financial future if

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Speaker 7: you take advice that is really poor or even just

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Speaker 7: partially poor, or if you don't understand what you're doing.

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Speaker 7: You know, I think I saw a lot of people

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Speaker 7: at one point talking about self managed super funds and

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Speaker 7: how you know, at one point I.

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Speaker 1: Just love self managed super funds.

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Speaker 6: So I used to make a very good living.

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Speaker 7: Don't have to shut mine don for people talking about

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Speaker 7: how oh I have you know? Ermes bags in my

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Speaker 7: self managed super fund, or you know, I put my

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Speaker 7: house in my and it sounds great in theory.

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Speaker 5: I love ands, but I could pay for like fantastic.

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Speaker 7: However, if you're making those two and an uneducated person

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Speaker 7: is making those choices and they do it incorrectly, you

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Speaker 7: could end up in a position where you have no

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Speaker 7: money to retire on. And that is a huge difference

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Speaker 7: between point A and point B, which I think really

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Speaker 7: separates that kind of quote unquote advice from you know,

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Speaker 7: the things that once in a while myself or other

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Speaker 7: people have dabbled in being like, oh, he's had to

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Speaker 7: get a good bargain and a sale. I think that's

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Speaker 7: the real line in the sand for me. And last

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Speaker 7: year we saw a lot of uproar, and the three

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Speaker 7: of us included, and I think maybe Queenie, this was

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Speaker 7: the push for you when ASIK, which is.

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Speaker 6: This Securities and Investments Commission, that's the one thank you.

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Speaker 6: Not to be confused with the shoes of the same note.

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Speaker 7: I don't want our own a pair of assets and

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Speaker 7: I love them, but they came out with some clarifications

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Speaker 7: around existing laws and the reason there was so much

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Speaker 7: uproar in the industry was because those laws existed before

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Speaker 7: social media existed in the way that it does and

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Speaker 7: before people were making a living off social and so

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Speaker 7: it really again kind of highlighted that line in the

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Speaker 7: sand between people who were licensed and were qualified so

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Speaker 7: to speak, to talk about those kinds of products and

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Speaker 7: people who have baby taught themselves or figured it out

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Speaker 7: on their own, which is fantastic, but they're not necessarily educated.

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Speaker 7: More broadly, and potentially we're putting people in a harmful position.

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Speaker 4: I feel like with the rise of social media, like

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Speaker 4: if we go back twenty years, getting information and getting

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Speaker 4: advice from people who were not educated in the space.

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Speaker 1: Wasn't easy to do.

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Speaker 4: Like finding people on social media obviously becomes this transactional

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Speaker 4: And I would argue pseudo relationship where I feel like

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Speaker 4: I know Queenie, like we've met before in person a

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Speaker 4: number of times, but I feel like I deeply know

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Speaker 4: Queenie because I absorb all of her content. I think

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Speaker 4: I know her, but that's only the content that she

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Speaker 4: puts online, So I don't actually have a clue what

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Speaker 4: Queenie is like behind the scenes, right, And I think

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Speaker 4: that that's where we're running into try trouble because Queen

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Speaker 4: is so nice, she's the best person. Have you seen

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Speaker 4: her tips? Oh my gosh, I keep up with all

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Speaker 4: of them. So all of a sudden, I feel like

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Speaker 4: I'm falling down a rabbit hole where I've trusted everything

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Speaker 4: you've ever said to me. So if you came to

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Speaker 4: me with a cryptocurrency investment scheme, I'd be like, well,

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Speaker 4: Queen's doing it, and.

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Speaker 1: Queen's really wish you would.

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Speaker 4: You would never, But like that's the power that people

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Speaker 4: in these positions hold, and as we've seen abuse.

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Speaker 6: And that's the difference between pre social media when you

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Speaker 6: saw you read Porklithrow or Peter Thornhill in the paper,

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Speaker 6: in the Sunday Paper, and you didn't have that apparent

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Speaker 6: insight into who they are, whereas if you see someone

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Speaker 6: on TikTok or Instagram or YouTube, it feels much more intimate.

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Speaker 6: So it's so much easier to build this sense of

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Speaker 6: trust which can get abused. And we've seen that in

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Speaker 6: the US with all those crypto things. You know, when

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Speaker 6: FTX fell over, all the big names were implemented from

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Speaker 6: Graham stepping down.

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Speaker 1: Not Taylor Swift. Yeah, the queen was smart, Yeah, she was, and.

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Speaker 6: So that how do you make sure that that trust

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Speaker 6: doesn't get abu used and broken?

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Speaker 7: And that's what those regulations were trying to manage, and

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Speaker 7: arguably they did it very poorly because they were written

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Speaker 7: by people who simply don't really understand how the space works.

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Speaker 7: But it potentially is leading to more regulation, which is

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Speaker 7: a positive thing if it doesn't lock people out. It's

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Speaker 7: such a hard line, isn't it.

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Speaker 4: It's a hard line to I guess toe because as

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Speaker 4: somebody who at the time that that uproar was happening,

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Speaker 4: I was a licensed personal financial advisor, and I looked

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Speaker 4: at it and said, great, all these influences that I

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Speaker 4: have been looking at for so long and now going

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Speaker 4: to be held to exactly the same standards that I'm

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Speaker 4: being held to when it comes to content creation. And

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Speaker 4: from my perspective, I was like, that makes sense, because

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Speaker 4: that's putting our community.

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Speaker 1: In the best possible position to not be abused.

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Speaker 4: But I think it was the first time influencers or

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Speaker 4: people who create finance content had really considered the impact

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Speaker 4: of what they were doing, because the impacts of you know,

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Speaker 4: giving bad financial advice, and you know, as someone who

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Speaker 4: was licensed if I breached my license, it's five years

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Speaker 4: in jail and a million dollar fine.

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Speaker 1: It's not little.

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Speaker 4: It's a very, very big thing that if you're a

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Speaker 4: financial advisor you take really seriously. You don't study for

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Speaker 4: as long as you study and go through all of

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Speaker 4: the exams and go through all the headaches so that

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Speaker 4: you can write sooas because you love them. You do

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Speaker 4: it because you want people to be in the best

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Speaker 4: possible position. So you do want to uphold the ethics

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Speaker 4: of that education platform, right, But I don't think that

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Speaker 4: going back to that person you made an example of before,

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Speaker 4: who said I got out of fifty thousand dollars worth

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Speaker 4: of debt, you can too, they haven't thought about those

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Speaker 4: implications that are a part of, you know, the code

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Speaker 4: of ethics as a financial advisor, because why would you

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Speaker 4: have thought of that. Who's put the code of ethics

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Speaker 4: in front of you, Who's taught you about all the

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Speaker 4: different strategies that could exist to get out of that

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Speaker 4: fifty thousand dollars worth of debt?

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Speaker 1: Have they looked at the bigger picture?

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Speaker 4: Have they taken into consideration all the other options that

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Speaker 4: that person has on the table. So I think it's

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Speaker 4: one of those things where it was such an uproar

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Speaker 4: because people didn't actually realize how significant the ramifications were

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Speaker 4: if you were in breach of a license, because they

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Speaker 4: weren't new rules. There were the rules that I'd been

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Speaker 4: held to for my entire career twenty two years.

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Speaker 1: Exactly.

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Speaker 4: How did you feel the into someone who licenses other

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Speaker 4: people but also carries a license creates content yourself.

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Speaker 1: How did you feel when that was interesting?

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Speaker 6: Yes, I'm sure I'd been with mentioned other podcast. You

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Speaker 6: can mention other podcastion the My Millennial Money.

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Speaker 7: Oh, we talk about them all the times we had.

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Speaker 6: I've been working with Glenn for a couple of years,

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Speaker 6: so he's been a representative of lature for a couple

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Speaker 6: of years. Now. Now it's us clean and.

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Speaker 8: You've glowed up, glowed up.

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Speaker 6: That was partly the result of an assic inquiry of it.

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Speaker 1: I think I can say that, Oh, he's talked about that.

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Speaker 6: We work together to work out, well, how do we

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Speaker 6: actually make this work in a social context because traditional

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Speaker 6: license holders just don't necessarily understand the differences between the

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Speaker 6: traditional sitting one on one in a room or at best,

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Speaker 6: sitting in a seminar.

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Speaker 1: Room with three D four new platform.

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Speaker 6: This is all new and it's much more dynamics. So

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Speaker 6: you can't run a post by a committee over two weeks.

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Speaker 6: I mean not only doesn't lose its time in this,

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Speaker 6: but it also loses its spark of originality. So if

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Speaker 6: you start designing posts by committee, you're going to lose

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Speaker 6: the essence of what makes they cut it back, what

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Speaker 6: makes v DVD or what makes Queenie Queenie. And so

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Speaker 6: that was an experience that we hold that over those

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Speaker 6: two years. So we've been doing that before the whole

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Speaker 6: ACIC thing blew up, and that was where people stopped

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Speaker 6: going yeah, sure, lying sure things, Yes I know I

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Speaker 6: need a license, sure short short and now acid went well,

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Speaker 6: now everyone believed, well, actually you do, and so some

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Speaker 6: people pulled out completely coming. There's a few very high

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Speaker 6: profile anonymous bloggers who stopped blogging shut down their Facebook

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Speaker 6: groups when this all blew up rather than embrace the

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Speaker 6: discipline of licensing, and others have embraced it. So it's

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Speaker 6: only a growing cohort. We a lifshop are very keen

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Speaker 6: on growing that because we see it as an opportunity

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Speaker 6: to deliver money, skills education to more people in a

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Speaker 6: much more enjoyable, friendly, relatable way then the traditional you

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Speaker 6: must do this. You must not drink your last ache

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Speaker 6: if you down, you must stop eating spash taper character.

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Speaker 4: Well, you could afford a house if you stopped doing

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Speaker 4: those things, so maybe you should you could.

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Speaker 1: Yeah, well that's where we're falling short.

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Speaker 4: Honestly, Queenie, I guess that pivots the conversation back to you,

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Speaker 4: because when all of this happened, I guess I was

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Speaker 4: really excited about it because I was a licensed financial

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Speaker 4: advisor and I felt like these changes were the best

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Speaker 4: thing for the community to put them in the best

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Speaker 4: possible position, and now everyone's going to be held to

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Speaker 4: the same standards I was.

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Speaker 1: So I was very excited.

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Speaker 4: But you were in the position where you had to

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Speaker 4: consider getting a license, and there were a lot of

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Speaker 4: influencers who, as Vince said, left the market. There were

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Speaker 4: a lot of people who I know are still kind

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Speaker 4: of in that limbo stage where they're like, I will,

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Speaker 4: but I won't. What prompted you to get a license?

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Speaker 4: And furthermore, why was it with Vince.

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Speaker 6: Of all the people.

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Speaker 4: I say about my own licensee who I know and love, Yeah.

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Speaker 5: Oh I love it, and great question.

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Speaker 8: I think that Well, for one, I am super passionate

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Speaker 8: about it, and I think it was the first thing

443
00:22:15,480 --> 00:22:18,199
Speaker 8: that I've actually done in my life where I just

444
00:22:18,200 --> 00:22:21,720
Speaker 8: felt like it was the right thing, Because when I

445
00:22:21,760 --> 00:22:26,960
Speaker 8: started creating content on social media, it wasn't to make

446
00:22:27,280 --> 00:22:28,240
Speaker 8: a huge amount.

447
00:22:27,920 --> 00:22:29,680
Speaker 5: Of money, although in the back of my mind I

448
00:22:29,720 --> 00:22:30,520
Speaker 5: thought that would be.

449
00:22:30,480 --> 00:22:32,760
Speaker 8: Pretty cool if I did, But it was really just

450
00:22:33,080 --> 00:22:36,600
Speaker 8: because I wanted to help people and help people be

451
00:22:36,680 --> 00:22:40,240
Speaker 8: more hopeful about their finances. So yeah, I just felt

452
00:22:40,280 --> 00:22:42,280
Speaker 8: like I was actually doing it for the right reason,

453
00:22:42,320 --> 00:22:45,200
Speaker 8: So that's why I wanted to continue. Obviously, it was

454
00:22:45,240 --> 00:22:47,720
Speaker 8: a really scary time and I was like, oh my gosh, like,

455
00:22:47,800 --> 00:22:49,720
Speaker 8: what's going to happen. I don't know what's happening?

456
00:22:50,080 --> 00:22:54,359
Speaker 4: Terrifying, Right, Were you involved in that webinar that Asai Karan?

457
00:22:54,880 --> 00:22:57,240
Speaker 1: That was one of the scariest times.

458
00:22:57,480 --> 00:22:58,919
Speaker 4: I mean, I thought they were going to come for

459
00:22:59,000 --> 00:23:03,879
Speaker 4: me after that because I was relatively vocal. Were But

460
00:23:03,920 --> 00:23:06,840
Speaker 4: it was interesting, But I think that put the fear

461
00:23:06,840 --> 00:23:09,280
Speaker 4: of God into everybody, which.

462
00:23:09,119 --> 00:23:11,040
Speaker 5: Seems like their intention really didn't that.

463
00:23:11,440 --> 00:23:13,000
Speaker 6: But unless you didn't turn up to it with a

464
00:23:13,040 --> 00:23:14,440
Speaker 6: picture Warren Buffett.

465
00:23:14,840 --> 00:23:18,480
Speaker 4: Or did did you see the recording, somebody who was

466
00:23:18,480 --> 00:23:19,399
Speaker 4: told not to record.

467
00:23:20,200 --> 00:23:23,960
Speaker 6: I was there, but somebody would remain nameless turned up

468
00:23:23,960 --> 00:23:26,639
Speaker 6: with a picture Warren Buffett on their wall behind their camera.

469
00:23:27,240 --> 00:23:28,320
Speaker 6: I'm not an influencer.

470
00:23:29,680 --> 00:23:30,080
Speaker 4: I die.

471
00:23:30,400 --> 00:23:37,359
Speaker 1: I know exactly who we're talking about, Vince.

472
00:23:37,760 --> 00:23:42,919
Speaker 4: You license people like Queenie and myself, and obviously we

473
00:23:42,960 --> 00:23:45,840
Speaker 4: are very different in the types of content that we create.

474
00:23:45,920 --> 00:23:48,720
Speaker 4: I mean, we exist in the same sphere. I think

475
00:23:48,760 --> 00:23:53,320
Speaker 4: we connect really really well. However, it's a risk for

476
00:23:53,440 --> 00:23:56,280
Speaker 4: somebody like you to go doin know what, I'm going

477
00:23:56,359 --> 00:23:59,119
Speaker 4: to put myself out there as a licensee because it

478
00:23:59,200 --> 00:24:02,640
Speaker 4: is a risk because essentially, when you enable somebody else

479
00:24:02,680 --> 00:24:05,080
Speaker 4: to operate under your license, you're responsible us.

480
00:24:05,200 --> 00:24:08,359
Speaker 6: I'm responsible for every word that you say exactly. That

481
00:24:08,400 --> 00:24:09,359
Speaker 6: does make very nomous.

482
00:24:09,440 --> 00:24:12,840
Speaker 1: Yeah, I would be some of it, exactly.

483
00:24:13,000 --> 00:24:15,560
Speaker 4: But what does your I guess thought process look like

484
00:24:15,600 --> 00:24:19,040
Speaker 4: when it comes to licensing people like Queenie and I

485
00:24:19,400 --> 00:24:22,639
Speaker 4: And what about the people that I know have potentially

486
00:24:22,680 --> 00:24:24,720
Speaker 4: approached you and you've been like, look, this is the

487
00:24:24,760 --> 00:24:27,160
Speaker 4: type of content I support, and this is the type

488
00:24:27,200 --> 00:24:29,919
Speaker 4: of content that maybe isn't the right fit for my brand.

489
00:24:30,160 --> 00:24:31,680
Speaker 6: Yes, so there's I mean, if you look at the

490
00:24:32,040 --> 00:24:35,760
Speaker 6: group so far, obviously got Queenie, she's on the money

491
00:24:35,960 --> 00:24:40,160
Speaker 6: Manel and your Money and film Muscatella and shares for beginners.

492
00:24:40,280 --> 00:24:44,000
Speaker 6: Very different. I mean she feels got very much a

493
00:24:44,200 --> 00:24:47,800
Speaker 6: holder audience. Yeah, absolutely, a probably a wealthier audience. So

494
00:24:47,920 --> 00:24:51,119
Speaker 6: wide variety of content and audience, and that's really a

495
00:24:51,200 --> 00:24:57,960
Speaker 6: bad saying. Can we identify a group of people who

496
00:24:59,600 --> 00:25:04,000
Speaker 6: are anxious of their obligations, are aware of who their

497
00:25:04,040 --> 00:25:07,600
Speaker 6: audience is and how can they can be best looked

498
00:25:07,600 --> 00:25:13,840
Speaker 6: out to, and are broadly aligned in messaging, So we

499
00:25:13,880 --> 00:25:18,439
Speaker 6: wouldn't license someone a cryptospooker for example, of course, and

500
00:25:18,520 --> 00:25:20,440
Speaker 6: of course there are some limits on our license, so

501
00:25:20,480 --> 00:25:22,440
Speaker 6: we don't have a license for derivatives. So if you're

502
00:25:22,720 --> 00:25:28,040
Speaker 6: spooking running an options trading podcast, we can't do that.

503
00:25:28,960 --> 00:25:33,760
Speaker 6: Cancel it. But it's really about having a network of

504
00:25:34,200 --> 00:25:39,240
Speaker 6: creators who together make up more than we do individually.

505
00:25:40,160 --> 00:25:46,960
Speaker 6: And so it's a combination of content collaboration and aligned

506
00:25:47,080 --> 00:25:53,840
Speaker 6: message and a sense that the creator has a sense

507
00:25:53,920 --> 00:25:57,560
Speaker 6: of their obligations. So we don't really want to be

508
00:25:57,600 --> 00:26:01,080
Speaker 6: in the business of reviewing every post goes out because

509
00:26:01,080 --> 00:26:02,120
Speaker 6: that doesn't work for anybody.

510
00:26:02,560 --> 00:26:07,879
Speaker 9: No, we need confidence that that person doing it is

511
00:26:07,920 --> 00:26:09,840
Speaker 9: aware of what they need to do, which we can

512
00:26:09,880 --> 00:26:15,720
Speaker 9: obviously help with and doing some post facto review. But

513
00:26:15,920 --> 00:26:19,400
Speaker 9: by bringing the onboarding properly and knowing who the right

514
00:26:19,400 --> 00:26:22,520
Speaker 9: people are, we can manage that risk. But it's not

515
00:26:22,560 --> 00:26:27,280
Speaker 9: for everybody, and we do get approached well maybe not

516
00:26:27,320 --> 00:26:28,840
Speaker 9: every week, but certainly.

517
00:26:28,560 --> 00:26:31,399
Speaker 6: More than once a month. But we really want to

518
00:26:31,400 --> 00:26:35,719
Speaker 6: try and build up a small network like minded, not

519
00:26:35,760 --> 00:26:39,800
Speaker 6: necessarily precisely alike. Glenn and I argue about carlines all

520
00:26:39,800 --> 00:26:44,520
Speaker 6: the time, but that we have the same sense of

521
00:26:45,800 --> 00:26:50,520
Speaker 6: realism and values aligned.

522
00:26:50,760 --> 00:26:54,440
Speaker 7: Because that's a really interesting thing. Is someone who's observing

523
00:26:54,680 --> 00:26:57,440
Speaker 7: external to all of you guys, you know, not qualified

524
00:26:57,440 --> 00:26:59,080
Speaker 7: in the way that you are, not interested in being

525
00:26:59,119 --> 00:27:02,160
Speaker 7: qualified in the way you are. When those acic things

526
00:27:02,240 --> 00:27:06,240
Speaker 7: came in, you know the people who went, okay, well.

527
00:27:06,160 --> 00:27:07,720
Speaker 5: If the only way that I can keep doing these

528
00:27:07,840 --> 00:27:09,040
Speaker 5: is if I get a license.

529
00:27:09,680 --> 00:27:13,119
Speaker 7: I wonder what that experience was like for them finding

530
00:27:13,119 --> 00:27:15,600
Speaker 7: someone to license them, Because, as you've said, you're taking on.

531
00:27:15,560 --> 00:27:16,520
Speaker 5: All this responsibility.

532
00:27:16,560 --> 00:27:18,840
Speaker 7: If Victory does something wrong, you are culpable on some

533
00:27:19,000 --> 00:27:21,440
Speaker 7: level for that, and that is a lot to take

534
00:27:21,480 --> 00:27:24,439
Speaker 7: on with the extremely large finds and the jail and

535
00:27:24,560 --> 00:27:25,840
Speaker 7: all of the other scary things.

536
00:27:26,200 --> 00:27:28,800
Speaker 1: Vince will go to jail now, not be oh yeah, sucks.

537
00:27:28,600 --> 00:27:31,000
Speaker 5: For you, Vince, but you know we'll go together.

538
00:27:36,320 --> 00:27:38,359
Speaker 7: But all of these people who maybe were creating finance

539
00:27:38,400 --> 00:27:39,720
Speaker 7: content and they're like, Okay, well, if the only way

540
00:27:39,720 --> 00:27:41,359
Speaker 7: for me to keep going is get license like what

541
00:27:41,480 --> 00:27:42,400
Speaker 7: Queen's done.

542
00:27:42,640 --> 00:27:43,920
Speaker 5: I wonder how.

543
00:27:43,720 --> 00:27:47,959
Speaker 7: Many people did approach licensees and how hard was that

544
00:27:48,000 --> 00:27:49,640
Speaker 7: process for you, Queen? And I guess on your own

545
00:27:49,680 --> 00:27:51,800
Speaker 7: vents being the person who's giving a yes or no no,

546
00:27:51,920 --> 00:27:52,800
Speaker 7: what was that like?

547
00:27:53,240 --> 00:27:55,680
Speaker 6: I mean from an industry perspective, I don't think many

548
00:27:55,720 --> 00:28:02,159
Speaker 6: people understand social also, And so if you're sitting around

549
00:28:02,200 --> 00:28:07,000
Speaker 6: the compliance committee at AMP or the commandal bank, this

550
00:28:07,119 --> 00:28:09,560
Speaker 6: is just not something you want to go anywhere near

551
00:28:09,760 --> 00:28:13,960
Speaker 6: because it's relatively small compared to the overall business. So

552
00:28:14,080 --> 00:28:19,680
Speaker 6: why am I going to bet my business on something

553
00:28:19,720 --> 00:28:22,439
Speaker 6: which isn't going to change my revenue if I'm a

554
00:28:22,480 --> 00:28:26,560
Speaker 6: big player And they just don't understand it and don't

555
00:28:26,560 --> 00:28:30,240
Speaker 6: really have that time or inclination to get into it.

556
00:28:30,480 --> 00:28:32,199
Speaker 6: And I've sort of lived and breathe this stuff for

557
00:28:33,160 --> 00:28:36,000
Speaker 6: eight years at Loveshop and so you get a feel

558
00:28:36,119 --> 00:28:38,920
Speaker 6: for why people do what they do and where the

559
00:28:39,000 --> 00:28:43,040
Speaker 6: boundaries need to lie. And so we just felt that

560
00:28:43,080 --> 00:28:46,800
Speaker 6: it was an important part of our role at Liveshop

561
00:28:46,880 --> 00:28:51,920
Speaker 6: about bringing financial advice to everyone. That one other ways

562
00:28:51,920 --> 00:28:58,360
Speaker 6: of doing that was through a process of education through entertainment.

563
00:28:58,800 --> 00:29:01,600
Speaker 6: Not everyone's going to read at X book and it's

564
00:29:01,600 --> 00:29:05,240
Speaker 6: probably not very helpfully there because most of finance is

565
00:29:05,320 --> 00:29:10,040
Speaker 6: actually about trade offs and understanding yourself is far more

566
00:29:10,080 --> 00:29:13,800
Speaker 6: important than understanding the market. But that did bring me.

567
00:29:13,840 --> 00:29:17,360
Speaker 6: We did have to build in how do we go

568
00:29:17,520 --> 00:29:22,520
Speaker 6: from taking a former financial advice and managing that process,

569
00:29:22,720 --> 00:29:25,720
Speaker 6: how do we broaden that into dealing with people who

570
00:29:26,280 --> 00:29:29,840
Speaker 6: haven't had a decade in that environment. And that was

571
00:29:29,920 --> 00:29:35,040
Speaker 6: the big challenge and so Queeney was our guinea pig

572
00:29:35,080 --> 00:29:38,960
Speaker 6: in that space for his non ex advisor and it

573
00:29:39,040 --> 00:29:42,320
Speaker 6: was quite a lengthy process to go from erecting nothing

574
00:29:42,680 --> 00:29:45,720
Speaker 6: to get there. And we get people hating on the

575
00:29:46,080 --> 00:29:48,080
Speaker 6: we get comments on the website of band you know,

576
00:29:48,720 --> 00:29:50,720
Speaker 6: how can you possibly Yeah, we have in fact, we

577
00:29:50,760 --> 00:29:53,480
Speaker 6: have a complaint right now.

578
00:29:54,120 --> 00:29:55,000
Speaker 1: It's about.

579
00:29:56,200 --> 00:29:59,560
Speaker 6: It's about as somebody who's not Victoria Devine all, how

580
00:29:59,560 --> 00:30:01,960
Speaker 6: would they call to do this? I go on.

581
00:30:02,480 --> 00:30:04,880
Speaker 4: That makes me really angry, because do you know who

582
00:30:04,960 --> 00:30:06,760
Speaker 4: hard it is to give a license?

583
00:30:06,840 --> 00:30:09,760
Speaker 1: If she's got one, I promise there's reason, and.

584
00:30:09,720 --> 00:30:12,479
Speaker 7: You're one of the few people who has committed to

585
00:30:12,560 --> 00:30:14,760
Speaker 7: that process, which from what I understand, is quite lengthy,

586
00:30:14,800 --> 00:30:16,400
Speaker 7: and I want to hear more about what that was like.

587
00:30:16,520 --> 00:30:18,680
Speaker 6: So I do some courses with no training.

588
00:30:19,160 --> 00:30:21,440
Speaker 8: Yeah, I had to do some courses I've done too

589
00:30:21,480 --> 00:30:25,400
Speaker 8: so far, so general advice and general knowledge that was

590
00:30:25,440 --> 00:30:27,440
Speaker 8: one of them, like generic knowledge, and then the other

591
00:30:27,520 --> 00:30:29,880
Speaker 8: one was about securities and managed investments.

592
00:30:30,520 --> 00:30:31,400
Speaker 1: So yeah, it does.

593
00:30:31,280 --> 00:30:33,040
Speaker 8: Take time to do this, and I'm looking to get

594
00:30:33,200 --> 00:30:35,800
Speaker 8: licensed in the other areas too and knock off those

595
00:30:35,800 --> 00:30:38,760
Speaker 8: other courses like insurance and super because it is so

596
00:30:38,920 --> 00:30:41,959
Speaker 8: interesting and I really do love it. But it was

597
00:30:42,120 --> 00:30:45,200
Speaker 8: challenging at the beginning because I don't come from this

598
00:30:45,320 --> 00:30:48,080
Speaker 8: industry and I didn't know the steps involved to get

599
00:30:48,120 --> 00:30:52,560
Speaker 8: a license. But thankfully met Vince, and it's so good

600
00:30:52,600 --> 00:30:56,440
Speaker 8: because I feel like our visions are aligned, and even

601
00:30:56,480 --> 00:31:00,560
Speaker 8: though we do different things, I feel like our mission

602
00:31:00,800 --> 00:31:02,920
Speaker 8: and our values are the same, and we do want

603
00:31:02,960 --> 00:31:06,160
Speaker 8: to help people, and I think that you know, with

604
00:31:06,280 --> 00:31:08,760
Speaker 8: the way that I create content, which is just to

605
00:31:08,920 --> 00:31:12,160
Speaker 8: educate people and just give like, you know, daily tips

606
00:31:12,160 --> 00:31:14,440
Speaker 8: about little things that they can do to make their

607
00:31:14,480 --> 00:31:16,880
Speaker 8: life a little bit easier.

608
00:31:17,040 --> 00:31:18,320
Speaker 6: Or you know, if you're still not going to get

609
00:31:18,320 --> 00:31:20,600
Speaker 6: me to give.

610
00:31:20,480 --> 00:31:24,960
Speaker 1: It a go and that coat is lit, we're going, yeah,

611
00:31:25,640 --> 00:31:26,080
Speaker 1: so much.

612
00:31:27,840 --> 00:31:29,400
Speaker 6: But I haven't quite got to cost.

613
00:31:30,920 --> 00:31:33,840
Speaker 1: From this platform. We adore Aldi El Toro.

614
00:31:34,240 --> 00:31:35,600
Speaker 6: Have you tried their wines? Yeah?

615
00:31:35,600 --> 00:31:40,160
Speaker 4: Absolutely, Le Mule Rose is the best rose I've had

616
00:31:40,200 --> 00:31:41,160
Speaker 4: in my life.

617
00:31:41,800 --> 00:31:44,440
Speaker 1: Quote me on it. That's a good deal.

618
00:31:44,520 --> 00:31:46,120
Speaker 6: I'm the one, the one of the awards because I

619
00:31:46,240 --> 00:31:50,920
Speaker 6: had a ninety plus point winner and it's four ninety

620
00:31:51,000 --> 00:31:51,640
Speaker 6: nine a bottle.

621
00:31:52,200 --> 00:31:53,080
Speaker 1: That's a money win.

622
00:31:53,960 --> 00:31:56,680
Speaker 6: This is a weeknight drinking.

623
00:31:56,360 --> 00:31:59,920
Speaker 4: Read a weeknight drinking red, just for those of us

624
00:32:00,040 --> 00:32:02,880
Speaker 4: who consistently drink red on a weeknight like me.

625
00:32:03,160 --> 00:32:04,440
Speaker 5: I will be checking that out.

626
00:32:06,160 --> 00:32:07,880
Speaker 6: But it's a long way to Costco from here.

627
00:32:08,800 --> 00:32:11,880
Speaker 8: Yeah it is. It's not like an everyday trip. It's

628
00:32:11,960 --> 00:32:14,800
Speaker 8: like a once you run out of toilet paper trip.

629
00:32:15,360 --> 00:32:19,240
Speaker 4: Okay, okay, let's pivot back to the conversation. I guess

630
00:32:19,240 --> 00:32:22,959
Speaker 4: about finance, Look I do, but I got over it

631
00:32:23,040 --> 00:32:23,760
Speaker 4: during covid.

632
00:32:24,320 --> 00:32:27,400
Speaker 1: Yeah, yeah, like it's no longer a good investment because

633
00:32:27,400 --> 00:32:30,240
Speaker 1: there's heaps of it now. But pivoting back to the.

634
00:32:30,200 --> 00:32:34,000
Speaker 4: Conversation I guess about finance content creation, and I guess

635
00:32:34,080 --> 00:32:36,200
Speaker 4: the people listening to our podcast are probably like, oh,

636
00:32:36,240 --> 00:32:38,360
Speaker 4: this is getting deep, this is getting hard, And we're

637
00:32:38,360 --> 00:32:41,800
Speaker 4: not usually a fireside chat kind of podcast like Glens,

638
00:32:42,120 --> 00:32:44,080
Speaker 4: But I think it's so interesting to kind of like

639
00:32:44,120 --> 00:32:47,320
Speaker 4: look under the hood and have these conversations about, well,

640
00:32:47,520 --> 00:32:51,000
Speaker 4: what do people who create finance content actually have to

641
00:32:51,160 --> 00:32:54,000
Speaker 4: go through to create that content make sure that the

642
00:32:54,000 --> 00:32:56,240
Speaker 4: community is always in the best possible position.

643
00:32:56,320 --> 00:32:57,040
Speaker 1: And I think that's.

644
00:32:56,920 --> 00:33:00,040
Speaker 4: Really pervy, Like I would be really interested in this

645
00:33:00,120 --> 00:33:05,120
Speaker 4: type of chat about any other industry. But additionally, there's

646
00:33:05,200 --> 00:33:08,080
Speaker 4: this layer of like, obviously, you've had to work your

647
00:33:08,120 --> 00:33:10,800
Speaker 4: butt off to do what you're doing today and you've

648
00:33:10,840 --> 00:33:14,080
Speaker 4: really committed to it, which is really commendable. But there's

649
00:33:14,080 --> 00:33:19,360
Speaker 4: this juxtaposition of if you get licensed, it's really expensive,

650
00:33:19,840 --> 00:33:23,320
Speaker 4: So it's a cost that that creator has to wear

651
00:33:23,720 --> 00:33:27,400
Speaker 4: and has to commit to, and obviously that cost it

652
00:33:27,400 --> 00:33:29,960
Speaker 4: could range from anywhere what like ten thousand dollars up to.

653
00:33:29,880 --> 00:33:31,680
Speaker 1: One hundred thousand dollars plus.

654
00:33:31,960 --> 00:33:35,640
Speaker 4: When I was a fully licensed personal financial advisor, I

655
00:33:35,760 --> 00:33:38,440
Speaker 4: was paying more than one hundred thousand dollars a year

656
00:33:38,880 --> 00:33:41,800
Speaker 4: for my license, and then when I had people working

657
00:33:41,840 --> 00:33:44,200
Speaker 4: for me, it was plus plus plus it depended on

658
00:33:44,240 --> 00:33:47,400
Speaker 4: your revenue. At one point in my career, I was

659
00:33:47,440 --> 00:33:51,440
Speaker 4: paying that feet plus five percent of my business revenue.

660
00:33:51,480 --> 00:33:54,720
Speaker 4: It it got ludicrous, and I don't think people understand

661
00:33:54,840 --> 00:33:59,720
Speaker 4: how much that process costs for smaller finance content creators though,

662
00:33:59,800 --> 00:34:03,080
Speaker 4: that that's obscene. Like if you are a small time

663
00:34:03,240 --> 00:34:06,400
Speaker 4: finance content creator and you're just doing it for the passion,

664
00:34:06,960 --> 00:34:10,680
Speaker 4: it's not comprehensible that you would go and pay for

665
00:34:10,760 --> 00:34:14,080
Speaker 4: a license. And a lot of them have either as

666
00:34:14,120 --> 00:34:17,240
Speaker 4: you said, Vince left and decided to pack up shop

667
00:34:17,320 --> 00:34:20,200
Speaker 4: and not do what they're doing anymore, or they're just like,

668
00:34:20,239 --> 00:34:21,799
Speaker 4: you know what, I'm just going to keep doing it.

669
00:34:21,800 --> 00:34:23,840
Speaker 4: It's not that bad. It's not this, it's not that.

670
00:34:24,640 --> 00:34:27,200
Speaker 4: How do we know who to trust and who not

671
00:34:27,239 --> 00:34:29,120
Speaker 4: to trust? And I guess where is the line of

672
00:34:29,160 --> 00:34:31,840
Speaker 4: content creation? Because I follow a lot of people in

673
00:34:31,880 --> 00:34:35,000
Speaker 4: the finance industry who are and aren't licensed, and I

674
00:34:35,040 --> 00:34:37,799
Speaker 4: love watching them all, But how do I know I

675
00:34:37,800 --> 00:34:41,000
Speaker 4: guess as a general consumer where the line is. And

676
00:34:41,040 --> 00:34:43,479
Speaker 4: maybe if Vince is talking about this, I can trust

677
00:34:43,560 --> 00:34:45,120
Speaker 4: him on all of these things. But if you cross

678
00:34:45,239 --> 00:34:47,520
Speaker 4: this line, I probably should be a bit wary it.

679
00:34:47,520 --> 00:34:48,600
Speaker 6: Don't take beauty tips from me.

680
00:34:48,760 --> 00:34:50,960
Speaker 1: Okay, all right, I was about to ask, but we'll

681
00:34:51,000 --> 00:34:51,880
Speaker 1: just stick to finance.

682
00:34:52,960 --> 00:34:55,320
Speaker 6: And I think that's you've got to start with. Is

683
00:34:55,360 --> 00:34:57,799
Speaker 6: this entertainment or am I actually trying to learn something here?

684
00:34:58,560 --> 00:35:02,160
Speaker 6: And if you treated as pure entertainment and you're not

685
00:35:02,160 --> 00:35:04,160
Speaker 6: going to rely on financial but go anywhere you want,

686
00:35:04,560 --> 00:35:08,200
Speaker 6: go for the fun. One of my favorite podcasts American podcasts,

687
00:35:08,239 --> 00:35:11,880
Speaker 6: you know, Joe Salcy High from Yes of Course, Stacking Benjamins.

688
00:35:11,760 --> 00:35:12,960
Speaker 1: He met him at FINCLN.

689
00:35:13,960 --> 00:35:15,920
Speaker 6: I'm going to be at a conference with him in

690
00:35:16,000 --> 00:35:17,040
Speaker 6: Balley in September.

691
00:35:17,280 --> 00:35:22,000
Speaker 4: Fancy excuse me. I have not been invited to that one.

692
00:35:22,920 --> 00:35:24,640
Speaker 1: Weird. We'll talk about this after.

693
00:35:25,360 --> 00:35:28,320
Speaker 6: And so his motto is, you're not going to learn anything.

694
00:35:28,320 --> 00:35:30,880
Speaker 6: If you learn something on my podcast, you west your time.

695
00:35:30,960 --> 00:35:32,239
Speaker 6: It's a bit of a joke, A bit of a joke,

696
00:35:32,280 --> 00:35:35,520
Speaker 6: takee but and he is actually an ex financializer.

697
00:35:35,760 --> 00:35:37,720
Speaker 1: He knows what he's talking and he does know what he's.

698
00:35:37,560 --> 00:35:40,120
Speaker 6: Talking about, but it's such fun. Dave Ramsey. As I

699
00:35:40,200 --> 00:35:42,520
Speaker 6: said before, he just sounds great. I could just listen

700
00:35:42,560 --> 00:35:44,239
Speaker 6: to that voice all, would you.

701
00:35:44,480 --> 00:35:45,480
Speaker 1: It's like nails.

702
00:35:47,120 --> 00:35:51,680
Speaker 4: I've currently got days jumping down my throat because they

703
00:35:51,719 --> 00:35:54,520
Speaker 4: commented on one of his TikTok videos and I shouldn't

704
00:35:54,520 --> 00:35:55,040
Speaker 4: have done that.

705
00:35:55,280 --> 00:35:57,600
Speaker 1: I should not have done that because they're now coming

706
00:35:57,640 --> 00:35:57,880
Speaker 1: for me.

707
00:35:58,080 --> 00:36:01,560
Speaker 6: But if you want, if you're actually looking for advice

708
00:36:02,440 --> 00:36:06,520
Speaker 6: that you want to apply this to your your life,

709
00:36:06,680 --> 00:36:10,920
Speaker 6: how do I know that this person is a qualified

710
00:36:10,960 --> 00:36:15,520
Speaker 6: and b doesn't have an ulterior motive? So looking how

711
00:36:15,520 --> 00:36:18,640
Speaker 6: they make money is a really good start. So if

712
00:36:18,640 --> 00:36:26,279
Speaker 6: you're creators making their money by links to buy what

713
00:36:26,280 --> 00:36:29,440
Speaker 6: they're wearing, that's pretty cool. But if they're making money

714
00:36:29,480 --> 00:36:33,000
Speaker 6: by putting you into some crypto scheme, which we saw

715
00:36:33,080 --> 00:36:36,520
Speaker 6: fall apart in the US recently, that's a reflex. So

716
00:36:36,800 --> 00:36:39,040
Speaker 6: looking at what their model is. You know, if it's

717
00:36:39,120 --> 00:36:43,040
Speaker 6: just a platform to host ads, sense ads or YouTube ads,

718
00:36:43,080 --> 00:36:45,719
Speaker 6: that's probably pretty harmless and all their interest really then

719
00:36:45,840 --> 00:36:49,239
Speaker 6: is eyeballs. But if they're taking money from investment and

720
00:36:49,360 --> 00:36:52,560
Speaker 6: other products based on how much of it you buy,

721
00:36:52,800 --> 00:36:57,200
Speaker 6: that should be not necessarily a dead stop, but it

722
00:36:57,239 --> 00:37:00,239
Speaker 6: should raise questions in your mind and go, well, what

723
00:37:00,280 --> 00:37:04,120
Speaker 6: I'm hearing genuinely in my interests and does it actually

724
00:37:04,200 --> 00:37:10,279
Speaker 6: apply to me? And the challenge with financial content is

725
00:37:10,280 --> 00:37:14,120
Speaker 6: how do I make it short, snappy, click worthy, and

726
00:37:14,239 --> 00:37:18,000
Speaker 6: yet get across the nuance in that the right answer

727
00:37:18,160 --> 00:37:21,720
Speaker 6: for you is not the right answer for you, even

728
00:37:21,719 --> 00:37:27,000
Speaker 6: though mathematically that statement could be true. Everyone agrees that

729
00:37:27,080 --> 00:37:30,360
Speaker 6: you've got to save some of your lifetime income to

730
00:37:30,400 --> 00:37:33,960
Speaker 6: pay for retirement. How much, Well, many commentators will go

731
00:37:34,040 --> 00:37:36,600
Speaker 6: fifteen percent is the answer, But is that the right

732
00:37:36,640 --> 00:37:38,960
Speaker 6: answer for you? Do you want to live better in

733
00:37:38,960 --> 00:37:41,960
Speaker 6: retirement than you want to live during your life. That's

734
00:37:42,000 --> 00:37:45,640
Speaker 6: a personal trade off, and I don't think anyone can

735
00:37:45,719 --> 00:37:48,880
Speaker 6: say for everyone the answer is fifteen percent. But how

736
00:37:48,920 --> 00:37:55,160
Speaker 6: do I get that nuance even to thirty seconds? Really hard?

737
00:37:56,000 --> 00:37:59,160
Speaker 6: So that's I think the challenge we all face is

738
00:37:59,200 --> 00:38:06,640
Speaker 6: content cre is making it simple, memorable, actionable, insightful and

739
00:38:06,719 --> 00:38:13,239
Speaker 6: also nuanced. If the person doesn't have the skills to

740
00:38:13,360 --> 00:38:17,920
Speaker 6: understand those nuances, it's really hard to deliver all of that.

741
00:38:19,000 --> 00:38:21,520
Speaker 4: I agree, and I find it, I guess. Looping back

742
00:38:21,560 --> 00:38:24,240
Speaker 4: to the conversation, we're having. At the start, we mentioned

743
00:38:24,280 --> 00:38:27,320
Speaker 4: that last year we went to FINCN, which is, I guess,

744
00:38:27,520 --> 00:38:30,759
Speaker 4: the world's biggest finance Content Creators.

745
00:38:31,000 --> 00:38:33,279
Speaker 1: And media set where money and media meta.

746
00:38:33,360 --> 00:38:34,320
Speaker 5: That is correct.

747
00:38:34,880 --> 00:38:37,040
Speaker 4: But we went to this conference last year. It was

748
00:38:37,040 --> 00:38:39,359
Speaker 4: my first year, it was not your first radio and

749
00:38:39,760 --> 00:38:40,880
Speaker 4: my mind was blown.

750
00:38:41,200 --> 00:38:44,160
Speaker 1: I already knew that there were very.

751
00:38:44,040 --> 00:38:46,840
Speaker 4: Large differences between the way we could create content in

752
00:38:46,880 --> 00:38:50,359
Speaker 4: Australia versus the way that we could create content in America, right,

753
00:38:50,680 --> 00:38:55,520
Speaker 4: and in America, the responsibility of finding the right advice

754
00:38:55,640 --> 00:38:59,600
Speaker 4: is actually on the consumer, whereas in Australia the responsibility

755
00:38:59,680 --> 00:39:02,440
Speaker 4: is on person creating that content to look after their

756
00:39:02,480 --> 00:39:04,920
Speaker 4: community and look after their consumer. And I found it

757
00:39:05,000 --> 00:39:07,480
Speaker 4: so interesting just the way that played out because I've

758
00:39:07,480 --> 00:39:10,960
Speaker 4: known that, I've known that my entire career, but seeing

759
00:39:11,000 --> 00:39:13,600
Speaker 4: that play out on stage, seeing that play out when

760
00:39:13,640 --> 00:39:17,399
Speaker 4: people are having conversations about the podcast content they write,

761
00:39:17,440 --> 00:39:20,480
Speaker 4: talking to them about you know, how they make revenue,

762
00:39:20,560 --> 00:39:23,520
Speaker 4: it was mind blowing. But how do we know that

763
00:39:23,719 --> 00:39:27,680
Speaker 4: content creators have the consumer in mind when we are,

764
00:39:28,000 --> 00:39:29,920
Speaker 4: you know, consuming their content because you don't know what

765
00:39:29,960 --> 00:39:32,120
Speaker 4: you don't know, Like we talk to that she's on

766
00:39:32,160 --> 00:39:34,480
Speaker 4: the money community all the time, like you come to

767
00:39:34,560 --> 00:39:37,279
Speaker 4: me because I know what I'm talking about. Like when

768
00:39:37,280 --> 00:39:39,960
Speaker 4: it comes to finance, I'm wildly passionate about it, but

769
00:39:40,280 --> 00:39:43,040
Speaker 4: I'm also legitimate in the space, like I've worked in

770
00:39:43,080 --> 00:39:45,640
Speaker 4: it for years, Like I owned my own practice, I

771
00:39:45,680 --> 00:39:49,160
Speaker 4: had financial advice clients. So I'm not fluffing around when

772
00:39:49,200 --> 00:39:52,040
Speaker 4: I'm saying, oh, this is how you budget. I've budgeted

773
00:39:52,040 --> 00:39:55,120
Speaker 4: for hundreds of people. So I think it's how do

774
00:39:55,160 --> 00:39:58,120
Speaker 4: we know that the consumer is being taken into consideration

775
00:39:58,280 --> 00:40:01,800
Speaker 4: license or not, or maybe if it's a bit more

776
00:40:01,880 --> 00:40:04,000
Speaker 4: driven by the bottom line.

777
00:40:04,120 --> 00:40:06,359
Speaker 6: Yeah, that's a real challenge, and I think we see

778
00:40:06,360 --> 00:40:08,760
Speaker 6: this a lot in the what I call hustle porn,

779
00:40:09,160 --> 00:40:13,560
Speaker 6: where a lot of hustle culture. Hustle culture that you know,

780
00:40:13,719 --> 00:40:17,000
Speaker 6: so much of finance content is all about.

781
00:40:16,840 --> 00:40:19,000
Speaker 1: Waking up for five am and having your bullet.

782
00:40:18,719 --> 00:40:20,799
Speaker 6: Coffee and getting having your side.

783
00:40:20,840 --> 00:40:22,600
Speaker 1: Hustle just does it all the time, much of.

784
00:40:22,560 --> 00:40:25,359
Speaker 6: Which is really driven by well, if I can make

785
00:40:25,400 --> 00:40:27,399
Speaker 6: an afiliate link for getting you to sign up for Uber,

786
00:40:27,760 --> 00:40:29,520
Speaker 6: of course I'm going to suggests that you should do it.

787
00:40:29,960 --> 00:40:33,799
Speaker 6: So following the money is really important because everyone's got

788
00:40:33,800 --> 00:40:38,319
Speaker 6: to make a living, and so transparency is important. I

789
00:40:38,320 --> 00:40:42,680
Speaker 6: don't think anyone expects that the content is entirely free.

790
00:40:43,000 --> 00:40:46,479
Speaker 4: You're paying with something like you're paying with something, whether

791
00:40:46,560 --> 00:40:49,319
Speaker 4: you're handing over money, or you're handing over your view,

792
00:40:49,440 --> 00:40:52,080
Speaker 4: or you're handing over your email address. There's usually some

793
00:40:52,239 --> 00:40:57,000
Speaker 4: type of value exchange for content creators because, honestly, to

794
00:40:57,080 --> 00:40:59,960
Speaker 4: create Sheese on the money adored it was a passion

795
00:41:00,080 --> 00:41:03,560
Speaker 4: project didn't exist so that I could create income. But

796
00:41:03,640 --> 00:41:06,200
Speaker 4: to make it sustainable, I had to find a way

797
00:41:06,360 --> 00:41:09,360
Speaker 4: to create income because just doesn't work for free.

798
00:41:09,560 --> 00:41:11,200
Speaker 6: And it's exped you do not.

799
00:41:11,320 --> 00:41:12,280
Speaker 1: She knows her worth.

800
00:41:14,400 --> 00:41:16,399
Speaker 6: By the time you buy equipment, you pay for it

801
00:41:16,440 --> 00:41:19,560
Speaker 6: an editor. There's a whole bunch of costs involved in producers.

802
00:41:19,560 --> 00:41:22,000
Speaker 6: So no they expects it to be free. But a

803
00:41:22,120 --> 00:41:26,680
Speaker 6: question is identifying what the payment you're making. Is Is

804
00:41:26,719 --> 00:41:30,759
Speaker 6: it your view so that there's ads roll before it

805
00:41:30,920 --> 00:41:33,840
Speaker 6: or during it? Is it because when you click on

806
00:41:33,840 --> 00:41:36,240
Speaker 6: this link, they get a share of it. Your beauty

807
00:41:36,280 --> 00:41:38,759
Speaker 6: products in particular and fashion are really good for that

808
00:41:38,800 --> 00:41:43,320
Speaker 6: because of really healthy affiliate margins in lots of videos

809
00:41:43,320 --> 00:41:45,160
Speaker 6: where you go click on this link to buy what

810
00:41:45,200 --> 00:41:48,640
Speaker 6: I'm wearing in this video really profitable. You can't quite

811
00:41:48,680 --> 00:41:49,880
Speaker 6: do that in finance.

812
00:41:49,560 --> 00:41:52,279
Speaker 4: And it's not as transparent in finance right, And this

813
00:41:52,400 --> 00:41:55,680
Speaker 4: is something that has really, I guess grinded my gears

814
00:41:55,840 --> 00:41:59,400
Speaker 4: historically because we do in the Shees on the Money community.

815
00:41:59,400 --> 00:42:01,880
Speaker 4: You guys know that there are always discount codes or

816
00:42:01,920 --> 00:42:04,960
Speaker 4: sign up codes, but in our community, those sign up

817
00:42:05,000 --> 00:42:08,200
Speaker 4: codes aren't linked to us making a pay per click

818
00:42:08,640 --> 00:42:11,200
Speaker 4: like those sign up codes. Let's use our Chaz's code

819
00:42:11,239 --> 00:42:14,280
Speaker 4: for example, or the upcode that I think still exists,

820
00:42:14,480 --> 00:42:16,279
Speaker 4: just so, both of those.

821
00:42:16,120 --> 00:42:17,680
Speaker 1: Are very popular in our community.

822
00:42:17,719 --> 00:42:21,600
Speaker 4: Both of those give the consumer a nominal money amount

823
00:42:21,920 --> 00:42:24,360
Speaker 4: that you know, for chais's if you use the code SotM,

824
00:42:24,400 --> 00:42:26,399
Speaker 4: you get ten bucks in your account when you sign up.

825
00:42:26,880 --> 00:42:30,839
Speaker 4: For a lot of finance content creators historically, because you know,

826
00:42:30,880 --> 00:42:33,440
Speaker 4: when there was the influencer uproar, I feel like that

827
00:42:33,480 --> 00:42:36,719
Speaker 4: came to a grinding holt because it wasn't transparent for

828
00:42:36,800 --> 00:42:39,800
Speaker 4: a lot of finance content creators. That link actually pays

829
00:42:39,840 --> 00:42:42,759
Speaker 4: them as well. It has never paid She's on the money,

830
00:42:42,760 --> 00:42:44,600
Speaker 4: and it will never pay She's on the money. All

831
00:42:44,600 --> 00:42:47,640
Speaker 4: we do is except straight advertising revenue like if you

832
00:42:47,640 --> 00:42:50,399
Speaker 4: would like to sponsor our podcast, it's X amount, full stop,

833
00:42:50,480 --> 00:42:51,080
Speaker 4: end of story.

834
00:42:51,320 --> 00:42:53,520
Speaker 1: If you make a million dollars from clicks.

835
00:42:53,200 --> 00:42:55,640
Speaker 4: Which imagine if my clients were making a million dollars

836
00:42:55,680 --> 00:42:58,120
Speaker 4: from clicks, I'd be charging a whole lot more, I promise,

837
00:42:58,600 --> 00:43:00,480
Speaker 4: but they could make a million dollar or they could

838
00:43:00,560 --> 00:43:04,479
Speaker 4: make four dollars, but I'm not promising conversion, whereas if

839
00:43:04,560 --> 00:43:07,520
Speaker 4: I am motivated by the fact that I'll learn an

840
00:43:07,520 --> 00:43:10,359
Speaker 4: additional five dollars for every single click that happens. That's

841
00:43:10,400 --> 00:43:15,240
Speaker 4: where from my perspective, especially around financial services products, things

842
00:43:15,320 --> 00:43:19,000
Speaker 4: get murky. Things become maybe a little bit more promoted

843
00:43:19,040 --> 00:43:22,800
Speaker 4: than they should be and not well balanced in conversations

844
00:43:22,840 --> 00:43:26,200
Speaker 4: because there's that motivator to go. One of these products

845
00:43:26,239 --> 00:43:29,600
Speaker 4: is paying me consistently, one is not. They might be

846
00:43:29,760 --> 00:43:31,920
Speaker 4: absolutely equal, but I'm going to make it look like

847
00:43:32,000 --> 00:43:33,799
Speaker 4: ones better than the other, so you always go with

848
00:43:33,840 --> 00:43:36,640
Speaker 4: the one that pays me. And that's where my gears

849
00:43:36,680 --> 00:43:39,839
Speaker 4: get a little bit grindy, because I just don't think

850
00:43:39,880 --> 00:43:42,360
Speaker 4: that's putting your consumer in the best possible position.

851
00:43:42,520 --> 00:43:45,280
Speaker 6: And that's another advantage of dealing with someone who is licensed,

852
00:43:45,360 --> 00:43:48,919
Speaker 6: because the law allowed to do this is taking what's

853
00:43:48,960 --> 00:43:53,080
Speaker 6: called conflicted remuneration. So if we're getting money that would

854
00:43:53,160 --> 00:43:59,960
Speaker 6: influence the content, then that's prohibited, Whereas if you're not life,

855
00:44:00,480 --> 00:44:02,040
Speaker 6: you can take as much money as you want for

856
00:44:03,000 --> 00:44:04,680
Speaker 6: providing a slanted view.

857
00:44:05,040 --> 00:44:05,880
Speaker 5: Un licensed or not.

858
00:44:05,920 --> 00:44:08,040
Speaker 7: You should be able to ask any in my opinion,

859
00:44:08,080 --> 00:44:10,920
Speaker 7: any creator who's promoting pretty much anything, and say how

860
00:44:10,960 --> 00:44:11,799
Speaker 7: are you making your money?

861
00:44:11,880 --> 00:44:13,279
Speaker 5: Yeah, transparently it.

862
00:44:13,280 --> 00:44:16,239
Speaker 7: Is, because I mean theoretically it should be disclosed in

863
00:44:16,280 --> 00:44:19,160
Speaker 7: line with the law. However, it is again a new

864
00:44:19,200 --> 00:44:20,879
Speaker 7: media and it is a little bit of gray, and

865
00:44:21,040 --> 00:44:22,799
Speaker 7: you know, some things are enforced and some things are not.

866
00:44:23,200 --> 00:44:26,000
Speaker 7: But I think if you're ever unsure about how someone

867
00:44:26,040 --> 00:44:28,080
Speaker 7: is making money, you should be able to ask them

868
00:44:28,160 --> 00:44:31,760
Speaker 7: and they, if they respect you and respect a community

869
00:44:31,800 --> 00:44:35,000
Speaker 7: to respect their career in that space, they should tell

870
00:44:35,040 --> 00:44:35,800
Speaker 7: you very.

871
00:44:35,640 --> 00:44:39,239
Speaker 4: Clearly exactly and if their license, like Queenie or I,

872
00:44:39,440 --> 00:44:41,239
Speaker 4: you can head to our websites and have a look

873
00:44:41,280 --> 00:44:44,080
Speaker 4: at our financial services guide. It will tell you how

874
00:44:44,120 --> 00:44:47,080
Speaker 4: we get paid and often what we get paid. So

875
00:44:47,200 --> 00:44:50,080
Speaker 4: I find it really transparent. I really like that because

876
00:44:50,080 --> 00:44:51,879
Speaker 4: I think that you guys then know that I'm putting

877
00:44:51,920 --> 00:44:54,520
Speaker 4: you in the best possible position where if I'm talking

878
00:44:54,560 --> 00:44:56,200
Speaker 4: about a product, it doesn't mean I'm not going to

879
00:44:56,200 --> 00:44:59,560
Speaker 4: talk about another, but I can feel like the conversation

880
00:44:59,760 --> 00:45:01,200
Speaker 4: is a little bit more balanced.

881
00:45:01,760 --> 00:45:01,960
Speaker 1: Now.

882
00:45:02,040 --> 00:45:04,200
Speaker 4: I'm really aware that we've been going on and on,

883
00:45:04,320 --> 00:45:07,040
Speaker 4: and I have been loving this conversation, but I feel

884
00:45:07,080 --> 00:45:10,279
Speaker 4: like we should wrap it up relatively soon. So I

885
00:45:10,280 --> 00:45:12,879
Speaker 4: think to wrap it up really nicely, how about we

886
00:45:12,920 --> 00:45:15,680
Speaker 4: give our listeners a few tips and tricks of things

887
00:45:15,719 --> 00:45:18,520
Speaker 4: that we could look out for that might be red

888
00:45:18,520 --> 00:45:21,200
Speaker 4: flags in the industry, or might be things that you go.

889
00:45:21,160 --> 00:45:22,960
Speaker 1: Oh, maybe, maybe don't do that.

890
00:45:23,360 --> 00:45:26,239
Speaker 4: Because recently, Just and I have been dealing with an

891
00:45:26,280 --> 00:45:30,759
Speaker 4: influx of people asking questions about oh my gosh. One

892
00:45:30,800 --> 00:45:33,520
Speaker 4: of them recently was I got called by a financial

893
00:45:33,520 --> 00:45:36,080
Speaker 4: services company and they said they can fix my super.

894
00:45:36,200 --> 00:45:38,400
Speaker 4: They're going to just charge it out of Super. No

895
00:45:38,640 --> 00:45:42,680
Speaker 4: FSG was sent, no advisor profile was sent, no product

896
00:45:42,680 --> 00:45:45,719
Speaker 4: disclosure statement was sent. But it'll just cost you four

897
00:45:45,760 --> 00:45:46,600
Speaker 4: thousand dollars out.

898
00:45:46,520 --> 00:45:47,359
Speaker 5: Of your superinnuation.

899
00:45:47,640 --> 00:45:50,640
Speaker 6: Lots of red flags, lots of red flags there.

900
00:45:50,920 --> 00:45:53,440
Speaker 4: I can show you after exactly what it is, because

901
00:45:53,600 --> 00:45:55,719
Speaker 4: you best believe. I had them email it to me

902
00:45:55,840 --> 00:45:58,080
Speaker 4: so I could do a little cheeky deep dive.

903
00:45:58,320 --> 00:46:01,960
Speaker 6: Are ways that can be structured legally, but it's certainly

904
00:46:01,960 --> 00:46:05,240
Speaker 6: not in anyone's interest. So yeah, that's a big red flag.

905
00:46:05,560 --> 00:46:08,640
Speaker 6: A suggest that one solution is the answer for everybody

906
00:46:09,120 --> 00:46:12,840
Speaker 6: is another big red flag is the best. And I

907
00:46:12,880 --> 00:46:15,160
Speaker 6: mean some of those things you know, which which share

908
00:46:15,200 --> 00:46:18,480
Speaker 6: broker are use. It's sort of a decision at the margins.

909
00:46:18,600 --> 00:46:21,279
Speaker 6: The bigger difference is how much do you save? So

910
00:46:22,239 --> 00:46:24,360
Speaker 6: rather than trying to save a dollar on your brokerage,

911
00:46:24,360 --> 00:46:27,200
Speaker 6: if you maybe save ten dollars more every week, you'll

912
00:46:27,320 --> 00:46:30,239
Speaker 6: be way better off. So being able to understand what

913
00:46:30,280 --> 00:46:35,280
Speaker 6: the decisions that matter are and where you really should

914
00:46:35,360 --> 00:46:39,120
Speaker 6: be taking professional advice and if someone is good, more

915
00:46:39,160 --> 00:46:39,879
Speaker 6: isn't always better.

916
00:46:40,480 --> 00:46:41,200
Speaker 1: That is true.

917
00:46:41,360 --> 00:46:43,759
Speaker 4: That is true, Quinny, what would you say is a

918
00:46:43,800 --> 00:46:46,520
Speaker 4: red flag to look out for when it comes to

919
00:46:46,719 --> 00:46:48,280
Speaker 4: absorbing finance content.

920
00:46:48,719 --> 00:46:51,720
Speaker 8: I think that when you're absorbing any kind of content,

921
00:46:52,160 --> 00:46:54,759
Speaker 8: especially finance content, you kind of do need to take

922
00:46:54,800 --> 00:46:58,480
Speaker 8: it with a grain of salt, because just because one

923
00:46:58,520 --> 00:47:00,239
Speaker 8: person has taken this part of a man and it's

924
00:47:00,320 --> 00:47:03,279
Speaker 8: right for you, like Vince has said, and yeah, I

925
00:47:03,360 --> 00:47:06,879
Speaker 8: just think it's really important to just try and look

926
00:47:06,880 --> 00:47:10,440
Speaker 8: at what's right for your personal situation and if you

927
00:47:10,520 --> 00:47:13,840
Speaker 8: need help with that always you know their financial advisors.

928
00:47:14,600 --> 00:47:17,719
Speaker 8: Lovely Vince has a great business and it's also very

929
00:47:17,760 --> 00:47:20,000
Speaker 8: affordable if you are looking for that kind of advice.

930
00:47:20,040 --> 00:47:22,239
Speaker 8: So that's a good place that you can, you know,

931
00:47:22,400 --> 00:47:24,120
Speaker 8: have a look at lots of resources.

932
00:47:25,920 --> 00:47:28,400
Speaker 4: It's not I was about to like the next question

933
00:47:28,480 --> 00:47:30,080
Speaker 4: will be like we've dropped it a few times. What

934
00:47:30,120 --> 00:47:32,000
Speaker 4: the heck is money, Sirpard, But I'm not asking you

935
00:47:32,040 --> 00:47:33,080
Speaker 4: that yet because I want to know.

936
00:47:33,040 --> 00:47:35,200
Speaker 1: What Jess is. Red flag is Jess.

937
00:47:35,280 --> 00:47:37,120
Speaker 4: I feel like you see a lot of red flags

938
00:47:37,160 --> 00:47:39,799
Speaker 4: because you manage my inbox just.

939
00:47:39,760 --> 00:47:40,399
Speaker 5: To see you in there.

940
00:47:40,440 --> 00:47:43,080
Speaker 7: I feel like anything that is promising you the world,

941
00:47:43,120 --> 00:47:45,719
Speaker 7: like the saying if it seems too good to be true,

942
00:47:45,719 --> 00:47:48,319
Speaker 7: it probably is. Like I know that we've all grown

943
00:47:48,400 --> 00:47:50,200
Speaker 7: up with our parents saying that to us, but I

944
00:47:50,239 --> 00:47:54,040
Speaker 7: feel like, particularly in the finance space, it really rings true.

945
00:47:54,080 --> 00:47:56,680
Speaker 7: Like if someone is saying to you, I can fix

946
00:47:56,760 --> 00:47:58,680
Speaker 7: your super and make you a millionaire and all it's

947
00:47:58,680 --> 00:48:00,560
Speaker 7: going to cost you is four thousand dollar. But I'm

948
00:48:00,560 --> 00:48:02,839
Speaker 7: not going to send you a document like red flag.

949
00:48:02,800 --> 00:48:06,759
Speaker 5: Red flag, red flag? Crazy is multiple.

950
00:48:06,560 --> 00:48:09,239
Speaker 7: If someone on Twitter is saying, oh my god, everybody this,

951
00:48:09,520 --> 00:48:11,320
Speaker 7: you want to get on this stock It's incredible, this

952
00:48:11,480 --> 00:48:11,879
Speaker 7: with the moon.

953
00:48:12,000 --> 00:48:13,480
Speaker 5: Yeah to the like, get on it. It's going to

954
00:48:13,560 --> 00:48:14,920
Speaker 5: go quick like you got to get in now, like

955
00:48:15,120 --> 00:48:17,920
Speaker 5: la la. And I think that's probably my other So

956
00:48:17,960 --> 00:48:19,160
Speaker 5: I'm gonna share two red flag.

957
00:48:19,200 --> 00:48:20,120
Speaker 1: I was going to do that to.

958
00:48:21,760 --> 00:48:25,000
Speaker 7: Anyone who puts a pressure or a sense of urgency.

959
00:48:25,080 --> 00:48:27,080
Speaker 1: Okay, that was my second red flag, but.

960
00:48:27,080 --> 00:48:28,319
Speaker 5: That's fine, I can share it.

961
00:48:28,400 --> 00:48:31,120
Speaker 7: I think you know, anyone who's trying to get you

962
00:48:31,160 --> 00:48:34,319
Speaker 7: to make a quick choice, I would be questioning that

963
00:48:34,400 --> 00:48:39,040
Speaker 7: because anything, particularly finance, should be a considered choice from

964
00:48:39,080 --> 00:48:42,480
Speaker 7: you as a consumer. I think it has power to

965
00:48:42,520 --> 00:48:44,480
Speaker 7: make such a big impact on your life that you

966
00:48:44,520 --> 00:48:46,560
Speaker 7: should be weighing your pros and your cons You should

967
00:48:46,560 --> 00:48:49,240
Speaker 7: be doing your own research. Even anything that we talk about,

968
00:48:49,520 --> 00:48:52,160
Speaker 7: we always say, make sure it's the right fit for you.

969
00:48:52,200 --> 00:48:55,520
Speaker 7: Like in my opinion, all Wei or Queenie or Vince

970
00:48:55,600 --> 00:48:58,840
Speaker 7: or any other creator can do is showcase something to

971
00:48:58,920 --> 00:49:01,840
Speaker 7: you and say here the pros, here are the colons,

972
00:49:01,920 --> 00:49:04,680
Speaker 7: or here are the things that you might want to consider,

973
00:49:05,280 --> 00:49:08,800
Speaker 7: and then you, as an individual should be going away

974
00:49:09,000 --> 00:49:11,319
Speaker 7: and then going, do these pros and cons and things

975
00:49:11,360 --> 00:49:14,719
Speaker 7: that I'm considering suit my specific needs because there are

976
00:49:14,960 --> 00:49:17,319
Speaker 7: billions of people on this planet and we all have

977
00:49:17,360 --> 00:49:19,680
Speaker 7: different needs and we all have different things, and a

978
00:49:19,719 --> 00:49:22,840
Speaker 7: platform that's perfect for me might suck for VD because

979
00:49:22,840 --> 00:49:25,080
Speaker 7: she's way more advanced than me. But it might be true,

980
00:49:25,800 --> 00:49:28,000
Speaker 7: you know, but there are all these different things to consider.

981
00:49:28,040 --> 00:49:30,400
Speaker 7: There's never going to be one thing, and we would

982
00:49:30,440 --> 00:49:33,040
Speaker 7: never say that there's one thing that's perfect for everybody.

983
00:49:33,400 --> 00:49:35,000
Speaker 7: And I think if someone's trying to convince you that

984
00:49:35,080 --> 00:49:36,400
Speaker 7: that's the case, or if they're trying to get you

985
00:49:36,400 --> 00:49:38,600
Speaker 7: to make a decision really quickly because the opportunity is

986
00:49:38,640 --> 00:49:41,320
Speaker 7: just going to be gone, that is a red fla

987
00:49:41,360 --> 00:49:43,200
Speaker 7: and one that I would be going, I just need

988
00:49:43,239 --> 00:49:46,360
Speaker 7: a minute, because they're trying to psych you out and

989
00:49:46,400 --> 00:49:48,360
Speaker 7: put pressure on you so that you sign up or

990
00:49:48,360 --> 00:49:51,080
Speaker 7: commit to something that you then can't take back.

991
00:49:51,400 --> 00:49:55,520
Speaker 4: Yeah, it's scary, it's scary, but it's also just it's

992
00:49:55,560 --> 00:49:57,960
Speaker 4: not true. So I guess that's what I used to

993
00:49:58,000 --> 00:50:01,560
Speaker 4: say to clients, like, there's absolutely no pressure here. Any

994
00:50:01,640 --> 00:50:04,920
Speaker 4: good financial services person would never want you to feel pressured.

995
00:50:05,160 --> 00:50:08,480
Speaker 4: They actually want you to feel completely educated and one

996
00:50:08,560 --> 00:50:11,480
Speaker 4: hundred percent on board with the plan before you sign.

997
00:50:11,200 --> 00:50:12,000
Speaker 1: On the dotted line.

998
00:50:12,000 --> 00:50:14,560
Speaker 4: And if you are not committed to it, well we

999
00:50:14,680 --> 00:50:16,880
Speaker 4: need to have a conversation about why and when and

1000
00:50:16,920 --> 00:50:19,200
Speaker 4: where and Vince, why aren't you feeling competent?

1001
00:50:19,440 --> 00:50:21,040
Speaker 1: Like what haven't I taught you yet?

1002
00:50:21,080 --> 00:50:25,360
Speaker 4: Because ultimately, a good financial services professional is putting you

1003
00:50:25,400 --> 00:50:27,799
Speaker 4: in a better position, and they don't mind if it's

1004
00:50:27,840 --> 00:50:30,520
Speaker 4: now or next week and it's you know, I've spoken

1005
00:50:30,560 --> 00:50:33,480
Speaker 4: about inheritance on the podcast, and my number one tip

1006
00:50:33,840 --> 00:50:36,239
Speaker 4: for you know, coming into a really large sum of

1007
00:50:36,320 --> 00:50:39,359
Speaker 4: money is don't do anything, because every single person when

1008
00:50:39,360 --> 00:50:41,640
Speaker 4: you come into a large sum of money, has an opinion.

1009
00:50:42,320 --> 00:50:44,919
Speaker 1: And your uncle Greg might have worked in.

1010
00:50:44,840 --> 00:50:47,480
Speaker 4: Car dealerships for his entire life, but that doesn't mean

1011
00:50:47,480 --> 00:50:49,399
Speaker 4: he knows what you should be doing with the money

1012
00:50:49,400 --> 00:50:51,799
Speaker 4: you got from your grandma. So I think it's really

1013
00:50:51,840 --> 00:50:56,720
Speaker 4: important to one look for professional advice, but two, you're right, Jess,

1014
00:50:56,960 --> 00:50:59,960
Speaker 4: no sense of urgency. But there's always going to be

1015
00:51:00,080 --> 00:51:03,080
Speaker 4: another opportunity. And if there's not, that was not the

1016
00:51:03,160 --> 00:51:06,640
Speaker 4: opportunity for you. I genuinely believe that what is meant

1017
00:51:06,640 --> 00:51:08,400
Speaker 4: for you is never going to miss you and what

1018
00:51:08,480 --> 00:51:11,120
Speaker 4: misses you was never meant for you. But then on

1019
00:51:11,160 --> 00:51:13,640
Speaker 4: the other side of that, I guess my other red

1020
00:51:13,680 --> 00:51:17,400
Speaker 4: flag is really who is creating the content. Doesn't mean

1021
00:51:17,440 --> 00:51:20,520
Speaker 4: it's a red flag, it's just something to take into consideration.

1022
00:51:21,200 --> 00:51:25,319
Speaker 4: Let's use Queenie for example. She's relatively independent. I don't

1023
00:51:25,360 --> 00:51:29,440
Speaker 4: know how that works when I talk about independent license,

1024
00:51:29,880 --> 00:51:32,400
Speaker 4: but we're not using the independent word. But Queen's not

1025
00:51:32,480 --> 00:51:35,400
Speaker 4: owned by a product. Queenee doesn't work for a bank,

1026
00:51:35,600 --> 00:51:38,279
Speaker 4: Queenee doesn't work for an investing platform. She's just an

1027
00:51:38,320 --> 00:51:41,880
Speaker 4: individual who generates her revenue from working with a variety

1028
00:51:41,920 --> 00:51:45,280
Speaker 4: of different brands and different sponsorship deals on different platforms.

1029
00:51:45,360 --> 00:51:47,600
Speaker 4: And that to me goes all right, Well, she's got

1030
00:51:47,680 --> 00:51:52,280
Speaker 4: lots of balance there. Whereas if that information is coming

1031
00:51:52,320 --> 00:51:55,880
Speaker 4: from one direction, like Queeny had partnered for an entire

1032
00:51:55,960 --> 00:51:59,960
Speaker 4: product on an entire platform, like her whole YouTube, for example,

1033
00:52:00,680 --> 00:52:04,520
Speaker 4: was partnered with XYZ Bank, That's where I'd go, Oh, like,

1034
00:52:04,600 --> 00:52:08,080
Speaker 4: that information might be really only coming from one direction

1035
00:52:08,280 --> 00:52:11,759
Speaker 4: or that one bank. Because Queen's entire platform is owned

1036
00:52:11,800 --> 00:52:13,880
Speaker 4: by that bank or that YouTube. It doesn't mean that

1037
00:52:13,920 --> 00:52:17,560
Speaker 4: they don't stand alone in their other circumstances. But that

1038
00:52:17,880 --> 00:52:20,839
Speaker 4: YouTube channel that is completely sponsored, which is not. It's

1039
00:52:20,880 --> 00:52:23,680
Speaker 4: just an example that to me would be a bit

1040
00:52:23,719 --> 00:52:25,720
Speaker 4: of a red flag to make sure that you're wary

1041
00:52:25,760 --> 00:52:28,239
Speaker 4: of balance when it comes to those conversations, because you

1042
00:52:28,239 --> 00:52:30,480
Speaker 4: could be doing a whole series, Queeny, like ten whole

1043
00:52:30,560 --> 00:52:33,239
Speaker 4: videos and you go, wow, ten videos, but if all

1044
00:52:33,280 --> 00:52:36,319
Speaker 4: ten videos are sponsored by exactly the same bank, that's

1045
00:52:36,320 --> 00:52:38,799
Speaker 4: where you've kind of got to go, Oh, is that like,

1046
00:52:39,080 --> 00:52:41,800
Speaker 4: is it well rounded information or is it product pushing

1047
00:52:41,960 --> 00:52:44,960
Speaker 4: because some you know, let's say some banks might do

1048
00:52:45,040 --> 00:52:47,160
Speaker 4: a really good educational series and they just want to

1049
00:52:47,160 --> 00:52:47,959
Speaker 4: put some money behind.

1050
00:52:48,000 --> 00:52:49,960
Speaker 1: Queen, need to get it done fantastic.

1051
00:52:50,000 --> 00:52:52,560
Speaker 6: Didn't you get your Dolomites moneyboxes? Yeah?

1052
00:52:52,600 --> 00:52:55,120
Speaker 4: But do you know Dolomites had absolutely no impact on

1053
00:52:55,160 --> 00:52:57,440
Speaker 4: the financial literacies of Australian children.

1054
00:52:57,880 --> 00:53:00,000
Speaker 1: Wild We're not surprised though.

1055
00:53:00,680 --> 00:53:03,520
Speaker 4: So I think it's it's interesting to look at the

1056
00:53:03,560 --> 00:53:07,239
Speaker 4: way content is created because it could then be underlying

1057
00:53:07,440 --> 00:53:10,239
Speaker 4: sponsorship to get more sign ups. Right, So I think

1058
00:53:10,239 --> 00:53:12,920
Speaker 4: it's just about understanding where it's coming from and what's

1059
00:53:12,960 --> 00:53:15,080
Speaker 4: going on. And I guess that's why she's on the money.

1060
00:53:15,120 --> 00:53:18,680
Speaker 4: Will never have a one, she's on the money sponsor.

1061
00:53:18,840 --> 00:53:21,040
Speaker 4: It's not that she's on the money partner. We might

1062
00:53:21,080 --> 00:53:22,640
Speaker 4: have a partner for an event, or we might have

1063
00:53:22,640 --> 00:53:24,839
Speaker 4: a partner for a podcast, or a partner for this,

1064
00:53:25,120 --> 00:53:27,319
Speaker 4: but we'd never take on someone who goes, you know what,

1065
00:53:27,320 --> 00:53:29,720
Speaker 4: we want to buy out everything on she's on the money,

1066
00:53:29,880 --> 00:53:32,240
Speaker 4: because I just don't think that's in the best interest

1067
00:53:32,280 --> 00:53:35,040
Speaker 4: of our community. No matter how much money was behind.

1068
00:53:34,760 --> 00:53:36,760
Speaker 6: It, You're not going to have the crypto season.

1069
00:53:39,160 --> 00:53:42,200
Speaker 4: I don't want to end up in jail because I

1070
00:53:42,320 --> 00:53:44,080
Speaker 4: can't wear my shoes there.

1071
00:53:45,080 --> 00:53:47,919
Speaker 7: Before we head off, shall we give Vince a little

1072
00:53:47,920 --> 00:53:51,719
Speaker 7: minute because obviously you're licensing these two fabulous people. Can

1073
00:53:51,760 --> 00:53:54,560
Speaker 7: you tell people a little bit about money?

1074
00:53:54,160 --> 00:53:55,840
Speaker 5: You share a few times?

1075
00:53:56,000 --> 00:53:58,680
Speaker 1: Why should we trust Vin Scully and money Shurpa?

1076
00:53:59,080 --> 00:54:01,279
Speaker 5: You see my hair, here's fabulous hair.

1077
00:54:01,640 --> 00:54:03,239
Speaker 6: That's great hair.

1078
00:54:04,040 --> 00:54:05,960
Speaker 1: Yeah, but it's a very full head of hair.

1079
00:54:05,800 --> 00:54:08,080
Speaker 5: And you have the little quiff going. I love it.

1080
00:54:08,280 --> 00:54:09,520
Speaker 1: Fancy boy hair.

1081
00:54:10,239 --> 00:54:14,160
Speaker 6: All natural, no product, no color. The answer you question

1082
00:54:14,480 --> 00:54:18,120
Speaker 6: is our own Love Shopper, which is Australia's most affordable

1083
00:54:18,160 --> 00:54:23,080
Speaker 6: financial advice service. I had been in financial services for

1084
00:54:24,160 --> 00:54:27,359
Speaker 6: thirty five years.

1085
00:54:25,080 --> 00:54:29,279
Speaker 4: And what was that are we taking advice right now

1086
00:54:29,320 --> 00:54:32,000
Speaker 4: on the She's on the Money podcast from a medio

1087
00:54:32,040 --> 00:54:32,960
Speaker 4: commutle Age white Man.

1088
00:54:33,000 --> 00:54:33,680
Speaker 1: Is that what we're doing.

1089
00:54:33,719 --> 00:54:36,080
Speaker 5: No, we're taking advice from a fantastic mili.

1090
00:54:36,200 --> 00:54:39,960
Speaker 6: I'm not sure sixty qualifies as middle aged anymore? Does

1091
00:54:40,000 --> 00:54:43,359
Speaker 6: it middle aged to take year old run with their

1092
00:54:44,719 --> 00:54:46,839
Speaker 6: And having done that, I'd spend a lot of time

1093
00:54:46,880 --> 00:54:49,440
Speaker 6: helping a lot of very wealthy people manage their money

1094
00:54:50,239 --> 00:54:53,600
Speaker 6: and thought, you know, there's got to be a way

1095
00:54:53,680 --> 00:54:59,440
Speaker 6: we can make this available to everybody, and so we

1096
00:54:59,560 --> 00:55:03,640
Speaker 6: created business to deliver advice for five hundred and forty

1097
00:55:03,680 --> 00:55:04,439
Speaker 6: seven dollars a year.

1098
00:55:04,600 --> 00:55:06,160
Speaker 5: That's a money win. That's the money we use the.

1099
00:55:06,160 --> 00:55:08,680
Speaker 6: Money win, and we do it all online. We use

1100
00:55:08,719 --> 00:55:11,480
Speaker 6: technology to keep the costs down, and we focus on

1101
00:55:11,560 --> 00:55:15,399
Speaker 6: the needs of younger people, which generally means people who

1102
00:55:15,600 --> 00:55:19,520
Speaker 6: are in the workforce. They're going through life's three big changes,

1103
00:55:19,560 --> 00:55:22,480
Speaker 6: which I call coupling, nesting, and parenting, so they're getting

1104
00:55:22,560 --> 00:55:25,720
Speaker 6: used to dealing with money is a couple. They're dealing

1105
00:55:25,719 --> 00:55:30,759
Speaker 6: with all the costs and budget pressures of buying a

1106
00:55:30,800 --> 00:55:34,400
Speaker 6: home and raising kids, and we're here to help. I

1107
00:55:34,520 --> 00:55:36,960
Speaker 6: like that birdlike yeah, well you're about to nest.

1108
00:55:37,960 --> 00:55:40,319
Speaker 7: Hopefully listen to the property playbook to hear how that

1109
00:55:40,360 --> 00:55:41,640
Speaker 7: goes some plug.

1110
00:55:41,440 --> 00:55:44,200
Speaker 4: For me, just as like I'm on that one more

1111
00:55:44,239 --> 00:55:46,400
Speaker 4: so go over to that one so you.

1112
00:55:46,520 --> 00:55:48,040
Speaker 6: Can find us a life sure of it dot com

1113
00:55:48,040 --> 00:55:48,440
Speaker 6: that are you.

1114
00:55:48,600 --> 00:55:51,040
Speaker 4: Well, we'll obviously put all of your information in the

1115
00:55:51,040 --> 00:55:53,840
Speaker 4: show notes because I think it's it's a really good platform,

1116
00:55:53,880 --> 00:55:56,040
Speaker 4: and that honestly was not a very good sale of it,

1117
00:55:56,080 --> 00:55:58,640
Speaker 4: because I just feel like it does exactly what it

1118
00:55:58,640 --> 00:56:01,520
Speaker 4: says on the box, right, and that that's what a

1119
00:56:01,560 --> 00:56:03,960
Speaker 4: community like She's on the money and a community like

1120
00:56:04,040 --> 00:56:07,960
Speaker 4: yours Queenie is looking for. We want financial advice, but

1121
00:56:08,040 --> 00:56:10,120
Speaker 4: we also want it to be affordable. And it goes

1122
00:56:10,160 --> 00:56:13,200
Speaker 4: back to that, you know conversation we were having with one

1123
00:56:13,200 --> 00:56:16,239
Speaker 4: of our members earlier today literally about.

1124
00:56:15,960 --> 00:56:18,080
Speaker 1: How somebody called her on the phone and said.

1125
00:56:17,920 --> 00:56:19,759
Speaker 4: Hey, we're going to sort out your super and she's like,

1126
00:56:19,800 --> 00:56:21,680
Speaker 4: oh my gosh, I've been meaning to do that.

1127
00:56:22,000 --> 00:56:24,080
Speaker 1: I've been putting it off. That's so wild.

1128
00:56:24,160 --> 00:56:26,400
Speaker 4: And they were like, don't worry, like we've got it.

1129
00:56:26,480 --> 00:56:27,919
Speaker 4: You know, how much do you have in super? What's

1130
00:56:27,920 --> 00:56:30,160
Speaker 4: you remember now? But they just ask these questions that.

1131
00:56:30,680 --> 00:56:33,719
Speaker 4: She was so excited to have this conversation because it

1132
00:56:33,760 --> 00:56:36,080
Speaker 4: was something she'd been putting off. And then they said, look,

1133
00:56:36,120 --> 00:56:39,080
Speaker 4: we can do it through your super don't worry. It

1134
00:56:39,120 --> 00:56:40,799
Speaker 4: doesn't have to come out of your back pocket now.

1135
00:56:40,840 --> 00:56:43,719
Speaker 4: And she said, oh, that's brilliant, that's so great. And

1136
00:56:44,239 --> 00:56:47,480
Speaker 4: they messaged us before they signed and said, hey, you

1137
00:56:47,640 --> 00:56:50,200
Speaker 4: just like something's off about this, like they seem legit.

1138
00:56:50,239 --> 00:56:52,560
Speaker 4: I looked them up. They do have a license. But

1139
00:56:52,880 --> 00:56:55,840
Speaker 4: the pressure got to her. She said, look, they just

1140
00:56:55,920 --> 00:56:58,360
Speaker 4: really pressuring me to get back this signed document and

1141
00:56:58,360 --> 00:57:00,960
Speaker 4: I just you said that I should be worried about that,

1142
00:57:01,000 --> 00:57:02,759
Speaker 4: and I said, yeah, you absolutely should be, and I

1143
00:57:02,800 --> 00:57:05,239
Speaker 4: have a look at it. Four thousand dollars will be

1144
00:57:05,280 --> 00:57:08,680
Speaker 4: taken out of her superranuation to set it up, and

1145
00:57:08,719 --> 00:57:12,400
Speaker 4: it's only super advice. It's not holistic advice. It doesn't

1146
00:57:12,440 --> 00:57:15,200
Speaker 4: take into account any of her other circumstances. It was

1147
00:57:15,239 --> 00:57:18,400
Speaker 4: purely superranuation. When I could go to a platform like

1148
00:57:18,480 --> 00:57:22,800
Speaker 4: life Shurpa pay a very nominal fee for basically full

1149
00:57:22,840 --> 00:57:24,720
Speaker 4: service financial advice that is going to put me in

1150
00:57:24,720 --> 00:57:28,120
Speaker 4: the best possible position, and it's not going to put

1151
00:57:28,160 --> 00:57:30,280
Speaker 4: me out. It's actually going to put me ahead. And

1152
00:57:30,320 --> 00:57:32,600
Speaker 4: I think that it's one of those things that having

1153
00:57:32,680 --> 00:57:36,160
Speaker 4: worked in the industry and knowing what good advice looks

1154
00:57:36,200 --> 00:57:38,360
Speaker 4: like and what not so good advice looks like, you just.

1155
00:57:38,320 --> 00:57:39,320
Speaker 1: Go, how did you do it?

1156
00:57:39,400 --> 00:57:42,920
Speaker 4: Vince, Like, that's wild to think that I could go

1157
00:57:42,960 --> 00:57:45,720
Speaker 4: get my super organized, you know, maybe get my insurances

1158
00:57:45,760 --> 00:57:49,120
Speaker 4: done at the same time, maybe organize my investing plan

1159
00:57:50,080 --> 00:57:53,840
Speaker 4: and have it worked exactly. It's a full service offering

1160
00:57:53,920 --> 00:57:56,640
Speaker 4: that you know, some people don't want a full service offering,

1161
00:57:56,640 --> 00:57:58,920
Speaker 4: and that's cool. You can work out what you need.

1162
00:57:59,080 --> 00:58:01,920
Speaker 4: And it's not saying that this is the absolute product.

1163
00:58:01,920 --> 00:58:04,200
Speaker 4: You need to talk to Vince or you're going to die.

1164
00:58:04,400 --> 00:58:06,400
Speaker 1: But it's more well, if that works.

1165
00:58:06,080 --> 00:58:08,800
Speaker 4: For you, then that makes sense. And it's coming from

1166
00:58:08,840 --> 00:58:11,760
Speaker 4: a place that we trust, but it's also coming from

1167
00:58:11,800 --> 00:58:13,680
Speaker 4: a place where you're like, look, I've made a lot

1168
00:58:13,720 --> 00:58:16,560
Speaker 4: of rich people richer. I know how to do that.

1169
00:58:16,640 --> 00:58:19,560
Speaker 4: I've done this for years thirty five to remind you.

1170
00:58:20,040 --> 00:58:22,000
Speaker 4: But it's one of those things that I think a

1171
00:58:22,040 --> 00:58:24,520
Speaker 4: lot of people are just looking for. I guess that answer,

1172
00:58:24,760 --> 00:58:27,680
Speaker 4: how do I get that advice? How do I get connected?

1173
00:58:27,720 --> 00:58:29,440
Speaker 4: And what do I do so we'll put all your

1174
00:58:29,440 --> 00:58:32,240
Speaker 4: information in the show notes and make sure that you know.

1175
00:58:32,320 --> 00:58:34,120
Speaker 1: If you're interested in hanging out with Vince a bit

1176
00:58:34,160 --> 00:58:35,160
Speaker 1: more on the internet, you can.

1177
00:58:35,320 --> 00:58:37,560
Speaker 7: We've all given ourselves a not so subtle plug that

1178
00:58:37,560 --> 00:58:40,800
Speaker 7: someone's sitting here very humbly that hasn't taken that chance yet. Queen,

1179
00:58:40,840 --> 00:58:42,240
Speaker 7: where can people find you if they want to keep

1180
00:58:42,280 --> 00:58:43,280
Speaker 7: up with your stuff as well?

1181
00:58:43,480 --> 00:58:47,720
Speaker 8: I post content on TikTok, Instagram, YouTube, you can find

1182
00:58:47,760 --> 00:58:51,520
Speaker 8: me in all the platforms, and yeah, invest with Queen.

1183
00:58:51,600 --> 00:58:54,960
Speaker 4: In obviously put your information in the show notes as well.

1184
00:58:55,120 --> 00:58:58,000
Speaker 4: But Queene's content is so fun, like I don't know

1185
00:58:58,080 --> 00:59:00,560
Speaker 4: how you do it, and pump out so much that

1186
00:59:00,680 --> 00:59:04,080
Speaker 4: is every day, every single day, Like we cannot keep

1187
00:59:04,160 --> 00:59:06,919
Speaker 4: up with even posting one Instagram story a day, let.

1188
00:59:06,840 --> 00:59:09,680
Speaker 1: Alone how much content you create. So I am very impressed.

1189
00:59:10,000 --> 00:59:11,800
Speaker 8: Oh, thank you appreciate it.

1190
00:59:18,000 --> 00:59:20,560
Speaker 10: The advice shared on She's on the Money is general

1191
00:59:20,600 --> 00:59:24,439
Speaker 10: in nature and does not consider your individual circumstances. She's

1192
00:59:24,480 --> 00:59:27,960
Speaker 10: on the Money exists purely for educational purposes and should

1193
00:59:28,000 --> 00:59:31,160
Speaker 10: not be relied upon to make an investment or financial decision.

1194
00:59:31,560 --> 00:59:34,160
Speaker 1: If you do choose to buy a financial product.

1195
00:59:33,800 --> 00:59:37,800
Speaker 10: Read the PDS TMD and obtain appropriate financial advice tailored

1196
00:59:37,840 --> 00:59:41,240
Speaker 10: towards your needs. Victoria Divine and She's on the Money

1197
00:59:41,320 --> 00:59:46,280
Speaker 10: are authorized representatives of money. Sirper Pty Ltd ABN three

1198
00:59:46,320 --> 00:59:49,560
Speaker 10: two one six four nine two seven seven zero eight

1199
00:59:49,880 --> 00:59:54,880
Speaker 10: AFSL four five one two eight nine

1200
01:00:00,080 --> 01:00:01,680
Speaker 6: The way that you want Me