1 00:00:00,200 --> 00:00:13,320 Speaker 1: She's on the Money. She's on the Money. 2 00:00:16,520 --> 00:00:19,560 Speaker 2: Hello, and welcome to She's on the Money, the podcast 3 00:00:19,640 --> 00:00:23,120 Speaker 2: for millennials who want financial freedom. Have you ever wondered 4 00:00:23,160 --> 00:00:26,000 Speaker 2: why some people are really good at saving and others 5 00:00:26,040 --> 00:00:28,880 Speaker 2: splash their cash like it's going out of fashion. Well, 6 00:00:28,920 --> 00:00:31,160 Speaker 2: there's a good chance that those people have very different 7 00:00:31,200 --> 00:00:34,240 Speaker 2: spending personalities, which is exactly what we're going to discuss 8 00:00:34,240 --> 00:00:36,720 Speaker 2: on the pod today. My name is Jessica Ricky and 9 00:00:36,800 --> 00:00:38,559 Speaker 2: joining me today to get to the bottom of the 10 00:00:38,560 --> 00:00:43,280 Speaker 2: psychology of spending is financial advisor and psychograd Victoria Devine. 11 00:00:43,560 --> 00:00:46,680 Speaker 3: Hey, I feel really relevant today. 12 00:00:47,159 --> 00:00:49,440 Speaker 2: I know. It's just like a real melding of all 13 00:00:49,440 --> 00:00:50,520 Speaker 2: of your skills right. 14 00:00:50,400 --> 00:00:53,800 Speaker 3: Now, exactly, It's just like mushing them together and going, guys, 15 00:00:53,960 --> 00:00:56,200 Speaker 3: this is important. Absolutely. 16 00:00:56,640 --> 00:00:59,080 Speaker 2: Why are some people so good at it spending and 17 00:00:59,160 --> 00:01:00,840 Speaker 2: others are so good at saving? 18 00:01:01,080 --> 00:01:03,560 Speaker 3: Oh? Just because they are? End of podcasts, wrap it up, 19 00:01:03,600 --> 00:01:06,000 Speaker 3: We are done. Thank you for coming. But at the 20 00:01:06,120 --> 00:01:07,800 Speaker 3: end of the day, we all have different thoughts that 21 00:01:07,880 --> 00:01:10,560 Speaker 3: 'aluse beliefs and behaviors. And you might not be good 22 00:01:10,560 --> 00:01:12,880 Speaker 3: at saving, but I bet you're good at something else. 23 00:01:12,959 --> 00:01:15,720 Speaker 3: And those that are really good at saving are probably 24 00:01:15,760 --> 00:01:18,279 Speaker 3: not great at everything that you do, and to be honest, 25 00:01:18,319 --> 00:01:20,200 Speaker 3: it is a skill that we get to learn over time, 26 00:01:20,240 --> 00:01:22,280 Speaker 3: and we can actually teach ourselves to be really good 27 00:01:22,319 --> 00:01:24,759 Speaker 3: at saving, just like we can teach ourselves in other 28 00:01:24,840 --> 00:01:27,720 Speaker 3: language or times tables if we never learned them. It 29 00:01:27,760 --> 00:01:29,680 Speaker 3: does have a lot to do with your money story 30 00:01:29,720 --> 00:01:32,360 Speaker 3: and the way that you're brought up and your personality type. 31 00:01:32,360 --> 00:01:35,000 Speaker 3: And some people do feel a real sense of accomplishment 32 00:01:35,000 --> 00:01:36,880 Speaker 3: when they're able to save and they're able to forego 33 00:01:37,040 --> 00:01:39,280 Speaker 3: the temptation to spend, and it can make them feel 34 00:01:39,280 --> 00:01:42,160 Speaker 3: really good about themselves and really in control. On the 35 00:01:42,160 --> 00:01:44,160 Speaker 3: flip side, there are some people that are like Victoria, 36 00:01:44,240 --> 00:01:46,280 Speaker 3: that does not motivate me in the sliders, like you 37 00:01:46,360 --> 00:01:48,640 Speaker 3: could not get me to do it for those reasons, 38 00:01:49,000 --> 00:01:52,240 Speaker 3: And that's where we really need to understand intrinsic versus 39 00:01:52,320 --> 00:01:56,560 Speaker 3: extrinsic motivation and what genuinely motivates you as a person 40 00:01:56,880 --> 00:01:59,840 Speaker 3: to spend or to save and whatever. The key difference 41 00:01:59,880 --> 00:02:02,280 Speaker 3: is is just in the way of thinking. Good savers 42 00:02:02,280 --> 00:02:04,040 Speaker 3: think of their money as something to put away for 43 00:02:04,160 --> 00:02:07,160 Speaker 3: future them and spenders often take more joy from the 44 00:02:07,160 --> 00:02:10,679 Speaker 3: instant gratification that spending actually provides them with. So it's 45 00:02:10,880 --> 00:02:13,520 Speaker 3: different horses for different courses, and there's no good and 46 00:02:13,639 --> 00:02:16,760 Speaker 3: no bad. But I am assuming that because you're listening 47 00:02:16,800 --> 00:02:19,280 Speaker 3: to those She's on the Money podcast, you might want 48 00:02:19,320 --> 00:02:21,840 Speaker 3: to be a bit of a better saver. And I know, Jess, 49 00:02:21,919 --> 00:02:24,000 Speaker 3: you and I are going to get to that very quickly. 50 00:02:24,320 --> 00:02:26,640 Speaker 2: Absolutely we are. And I think you kind of just 51 00:02:26,680 --> 00:02:28,880 Speaker 2: said this before when you said that saving can be 52 00:02:28,960 --> 00:02:31,880 Speaker 2: like learning another language. But can people change the way 53 00:02:31,919 --> 00:02:34,120 Speaker 2: that they've always thought about money? If I've always been 54 00:02:34,160 --> 00:02:36,320 Speaker 2: a spender, for example, can I become a great saver? 55 00:02:36,960 --> 00:02:39,480 Speaker 3: Well, you can, but like, let's just talk about this 56 00:02:39,520 --> 00:02:41,840 Speaker 3: for a hot second and get real personal or Jess, Jess, 57 00:02:41,840 --> 00:02:43,760 Speaker 3: we know you've not always been a spender. You're a 58 00:02:43,760 --> 00:02:45,440 Speaker 3: savvy little saver. I know it. 59 00:02:45,800 --> 00:02:48,639 Speaker 2: I am, but I and I'm kind of preempting the 60 00:02:48,720 --> 00:02:52,000 Speaker 2: question here, but I definitely was not always this way. 61 00:02:52,639 --> 00:02:55,640 Speaker 3: Yeah, but you've done really well. And I don't like 62 00:02:55,720 --> 00:02:57,720 Speaker 3: that you use the example. You're like, oh, like, am 63 00:02:57,720 --> 00:02:59,520 Speaker 3: I a spender? And I'm like, no, I know you 64 00:02:59,600 --> 00:03:01,120 Speaker 3: well and and I'm going to throw you under a 65 00:03:01,120 --> 00:03:04,400 Speaker 3: bus here, But if you genuinely are a spender, and 66 00:03:04,520 --> 00:03:06,959 Speaker 3: you want to become a great saver, you can absolutely 67 00:03:07,000 --> 00:03:09,280 Speaker 3: create that. And just like learning a language, it can 68 00:03:09,320 --> 00:03:13,000 Speaker 3: feel really overwhelming and really hard and like something that 69 00:03:13,040 --> 00:03:16,680 Speaker 3: you definitely couldn't comprehend. But I guarantee you there are 70 00:03:16,720 --> 00:03:19,280 Speaker 3: people that are not as smart as you that have 71 00:03:19,440 --> 00:03:23,000 Speaker 3: done multiple languages, so you absolutely can get a hold 72 00:03:23,040 --> 00:03:25,040 Speaker 3: of that. And these behaviors are actually just what we 73 00:03:25,120 --> 00:03:27,920 Speaker 3: lean to naturally, And just because we have an inclination 74 00:03:28,040 --> 00:03:29,960 Speaker 3: to start acting a certain way doesn't mean we can't 75 00:03:30,000 --> 00:03:32,200 Speaker 3: just put a plan in place to actually improve our 76 00:03:32,240 --> 00:03:35,400 Speaker 3: financial situation and learn how to budget and learn how 77 00:03:35,440 --> 00:03:38,160 Speaker 3: to save, and learn how to put future us first. 78 00:03:38,680 --> 00:03:41,320 Speaker 3: So if you're looking free examples of people who've changed 79 00:03:41,320 --> 00:03:43,440 Speaker 3: their mindset or done it, we actually don't have to 80 00:03:43,440 --> 00:03:45,600 Speaker 3: look further than the She's on the Money community. And 81 00:03:45,600 --> 00:03:48,360 Speaker 3: I'm genuinely so grateful that we have so many good 82 00:03:48,400 --> 00:03:50,800 Speaker 3: examples of people in the community who have done that. 83 00:03:51,120 --> 00:03:53,160 Speaker 3: And I thought that this week maybe we could put 84 00:03:53,160 --> 00:03:55,760 Speaker 3: a thread in the Facebook group and just ask people 85 00:03:55,840 --> 00:03:58,880 Speaker 3: like how they've changed their financial situation once so we 86 00:03:58,920 --> 00:04:02,520 Speaker 3: can celebrate true, because sometimes that motivates us knowing that 87 00:04:02,560 --> 00:04:05,120 Speaker 3: other people in a similar situation to us have already 88 00:04:05,160 --> 00:04:07,080 Speaker 3: done it, like how good is it? When you're like, oh, 89 00:04:07,160 --> 00:04:09,440 Speaker 3: is that possible? And then you get an example where 90 00:04:09,480 --> 00:04:12,120 Speaker 3: it's like, hey, I had ten thousand dollars worth of debt. 91 00:04:12,240 --> 00:04:14,480 Speaker 3: I've smashed it down and now I have ten thousand 92 00:04:14,520 --> 00:04:16,599 Speaker 3: dollars in my savings account and it took me two 93 00:04:16,640 --> 00:04:18,479 Speaker 3: years to do that, Like how cool would that be? 94 00:04:19,040 --> 00:04:21,960 Speaker 2: Yeah? I love that. I'll definitely pop that in. And 95 00:04:22,080 --> 00:04:24,279 Speaker 2: so I guess, like, on the psychology side of things, 96 00:04:24,520 --> 00:04:27,799 Speaker 2: what is the relationship between money and control? 97 00:04:28,200 --> 00:04:32,480 Speaker 3: They are inherently linked. Money enables you to control your life, 98 00:04:32,880 --> 00:04:36,560 Speaker 3: and to flip that, money can control your life, not 99 00:04:36,680 --> 00:04:39,720 Speaker 3: in a positive way. So I think it's really interesting 100 00:04:39,800 --> 00:04:42,960 Speaker 3: to see how it actually comes together. Like, if you 101 00:04:42,960 --> 00:04:45,400 Speaker 3: don't have enough money, you can feel really bound by 102 00:04:45,440 --> 00:04:47,440 Speaker 3: it and controlled by it. But if you do have 103 00:04:47,480 --> 00:04:49,919 Speaker 3: a good income and you are really comfortable when it 104 00:04:49,960 --> 00:04:52,160 Speaker 3: comes to money, you can actually feel really in control 105 00:04:52,160 --> 00:04:54,960 Speaker 3: of your life. Regardless of whether you earn forty thousand 106 00:04:54,960 --> 00:04:57,640 Speaker 3: dollars or four hundred thousand dollars, your budget and cash 107 00:04:57,680 --> 00:05:00,440 Speaker 3: flow plan is actually going to be the thing that 108 00:05:00,640 --> 00:05:03,360 Speaker 3: helps you feel in control of one your financial future. 109 00:05:03,640 --> 00:05:06,200 Speaker 3: But to money in general, and I think it's really 110 00:05:06,200 --> 00:05:09,560 Speaker 3: important to link these really closely, and too often we 111 00:05:09,600 --> 00:05:11,719 Speaker 3: see people who go, you know, money doesn't actually have 112 00:05:11,800 --> 00:05:13,599 Speaker 3: that much to do with it. It's all about happiness, 113 00:05:13,640 --> 00:05:16,040 Speaker 3: it's about this that the other like it's about control, 114 00:05:16,240 --> 00:05:20,600 Speaker 3: and in reality, money is inherent to everything that we do. 115 00:05:20,839 --> 00:05:24,120 Speaker 3: Money enables us the freedom the time, It enables us 116 00:05:24,160 --> 00:05:26,320 Speaker 3: to put a roof over our head and eat the 117 00:05:26,320 --> 00:05:29,160 Speaker 3: food that we want to do, and essentially control our lives, 118 00:05:29,200 --> 00:05:33,159 Speaker 3: whether that is you know, really extravagant or just day 119 00:05:33,200 --> 00:05:35,320 Speaker 3: to day like if you don't have enough money, that 120 00:05:35,520 --> 00:05:38,320 Speaker 3: is going to negatively impact you and it doesn't feel 121 00:05:38,400 --> 00:05:41,719 Speaker 3: nice and it doesn't feel good. So I think understanding 122 00:05:41,760 --> 00:05:44,760 Speaker 3: that there is a relationship there, but you actually have 123 00:05:44,960 --> 00:05:48,800 Speaker 3: control over it yourself, regardless of what your income is 124 00:05:48,839 --> 00:05:51,120 Speaker 3: and regardless of whether you're in debt right now, is 125 00:05:51,200 --> 00:05:51,920 Speaker 3: really important. 126 00:05:52,080 --> 00:05:55,240 Speaker 2: It's like that's saying money can't buy happiness, which is true, 127 00:05:55,360 --> 00:05:57,000 Speaker 2: but also it does make life a hell of a 128 00:05:57,040 --> 00:05:59,680 Speaker 2: lot easier, really, doesn't it if you're not struggling for money. 129 00:06:00,200 --> 00:06:02,680 Speaker 3: Yeah, And I mean that's really important because there's some 130 00:06:02,760 --> 00:06:04,800 Speaker 3: science to that as well, and they say that there 131 00:06:04,920 --> 00:06:07,679 Speaker 3: is a cap of happiness, and I'll find the proper 132 00:06:07,760 --> 00:06:09,880 Speaker 3: quote later. We're just having a bit of a band 133 00:06:10,000 --> 00:06:12,000 Speaker 3: at the moment. But I'm pretty sure that once you 134 00:06:12,040 --> 00:06:14,960 Speaker 3: start earning over seventy five thousand dollars a year, your 135 00:06:15,000 --> 00:06:18,000 Speaker 3: happiness doesn't increase in the same way that your income 136 00:06:18,160 --> 00:06:22,279 Speaker 3: does anymore, whereas if you were interesting. Yeah, I genuinely 137 00:06:22,320 --> 00:06:25,599 Speaker 3: think it's really interesting because you know, we've all been there, 138 00:06:25,600 --> 00:06:27,719 Speaker 3: and we've all had incomes where we've earned. You know, 139 00:06:27,800 --> 00:06:29,719 Speaker 3: my first grad job, I think I earned like forty 140 00:06:29,760 --> 00:06:32,720 Speaker 3: five thousand dollars, and it was really challenging because I 141 00:06:32,720 --> 00:06:35,839 Speaker 3: would say I had a relatively expensive lifestyle just because 142 00:06:35,880 --> 00:06:37,880 Speaker 3: I was going out with my girlfriends. I was renting 143 00:06:37,920 --> 00:06:39,960 Speaker 3: at the time, but I also had debts, so a 144 00:06:40,000 --> 00:06:42,520 Speaker 3: lot of that money coming into my bank account was 145 00:06:42,560 --> 00:06:45,400 Speaker 3: made up of debt repayments. But I find it really 146 00:06:45,480 --> 00:06:48,479 Speaker 3: interesting because at that time money really stressed me. But 147 00:06:48,680 --> 00:06:51,000 Speaker 3: as time went on and I've earned more money, I 148 00:06:51,040 --> 00:06:53,840 Speaker 3: feel more comfortable. But I can absolutely see how it 149 00:06:53,920 --> 00:06:57,719 Speaker 3: works because once you start earning over seventy five thousand dollars, 150 00:06:57,880 --> 00:07:01,239 Speaker 3: usually you have a lot more responsiblit and that doesn't 151 00:07:01,279 --> 00:07:06,280 Speaker 3: necessarily equate to happiness or income satisfaction, and I find 152 00:07:06,279 --> 00:07:09,440 Speaker 3: that so interesting. I actually, off the back of this, 153 00:07:09,760 --> 00:07:12,760 Speaker 3: I've been looking at doing some further study because I'm 154 00:07:12,800 --> 00:07:18,040 Speaker 3: a psychopath. Yeah and that and at some point and 155 00:07:18,080 --> 00:07:20,080 Speaker 3: I definitely don't have time yet. And can you imagine 156 00:07:20,120 --> 00:07:21,240 Speaker 3: if I told you that I was going to go 157 00:07:21,240 --> 00:07:22,360 Speaker 3: back to UNI now, you'd be. 158 00:07:22,320 --> 00:07:25,400 Speaker 2: Like I would love or like, don't you dare? 159 00:07:25,720 --> 00:07:28,480 Speaker 3: You'd be like, I will withdraw you from UNI myself. 160 00:07:29,000 --> 00:07:32,040 Speaker 3: But I would love to do some further study. And 161 00:07:32,320 --> 00:07:34,400 Speaker 3: I know this sounds so nerdy, but like a PhD, 162 00:07:34,720 --> 00:07:38,800 Speaker 3: but on behavioral finance and what the relationship between money 163 00:07:38,840 --> 00:07:42,320 Speaker 3: and happiness and wealth creation and life satisfaction is. And 164 00:07:42,360 --> 00:07:46,360 Speaker 3: I just find that so interesting. But furthering that, I 165 00:07:46,440 --> 00:07:49,840 Speaker 3: feel like I have such a beautiful platform to gather 166 00:07:49,920 --> 00:07:53,440 Speaker 3: all the data and do a really impactful study as well, 167 00:07:53,600 --> 00:07:55,800 Speaker 3: Like can you imagine how cool it would be to go, 168 00:07:55,880 --> 00:07:58,640 Speaker 3: all right, she's on the money, Victoria's doing her PhD 169 00:07:58,720 --> 00:08:03,360 Speaker 3: and wants to do this really intense investigation into life 170 00:08:03,400 --> 00:08:06,800 Speaker 3: satisfaction and money and how happy we are as millennials 171 00:08:06,800 --> 00:08:09,000 Speaker 3: and what that actually looks like. Do you know how exciting, 172 00:08:09,040 --> 00:08:09,480 Speaker 3: that would be. 173 00:08:09,760 --> 00:08:13,000 Speaker 2: Yeah, the psychology of it is so interesting, and especially 174 00:08:13,000 --> 00:08:15,320 Speaker 2: because we see this a lot on our money diaries. 175 00:08:15,400 --> 00:08:18,280 Speaker 2: We we hear people who have transformed their relationship with 176 00:08:18,320 --> 00:08:21,480 Speaker 2: money for the better. They've gone from being crazy spenders 177 00:08:21,480 --> 00:08:23,760 Speaker 2: to savvy savers, but then they have a bit of 178 00:08:23,800 --> 00:08:27,760 Speaker 2: a hard time spending money on things for themselves. What 179 00:08:27,880 --> 00:08:28,840 Speaker 2: do you think is behind that? 180 00:08:29,280 --> 00:08:31,760 Speaker 3: Oh? There are so many things behind that, all right. 181 00:08:31,800 --> 00:08:34,280 Speaker 3: So first things first is they've gone too far the 182 00:08:34,400 --> 00:08:38,200 Speaker 3: other way and that's not sustainable. That's like going on 183 00:08:38,240 --> 00:08:41,120 Speaker 3: a crash diet and then expecting you to never bringe 184 00:08:41,120 --> 00:08:43,560 Speaker 3: eat at any point or you know, fall back into 185 00:08:43,559 --> 00:08:46,600 Speaker 3: old habits because they're more comfortable. And when people say 186 00:08:46,600 --> 00:08:49,360 Speaker 3: they've transformed their relationship with money for the better, I 187 00:08:49,400 --> 00:08:53,240 Speaker 3: think it's so exciting. But I also think that balance 188 00:08:53,320 --> 00:08:55,400 Speaker 3: is a really big part of that and actually giving 189 00:08:55,440 --> 00:08:58,199 Speaker 3: ourselves some breathing room to do the things that we 190 00:08:58,280 --> 00:09:00,360 Speaker 3: love or you know, buy a pair of shoes every 191 00:09:00,440 --> 00:09:03,040 Speaker 3: so often. So a good budget and cash flow plan 192 00:09:03,320 --> 00:09:07,200 Speaker 3: will always take into consideration lifestyle expenses and going out 193 00:09:07,200 --> 00:09:10,360 Speaker 3: for breakfast with our friends, because sometimes it is really 194 00:09:10,440 --> 00:09:12,800 Speaker 3: hard when we've been in debt and we've gone really 195 00:09:12,840 --> 00:09:15,880 Speaker 3: aggressive on paying down that debt, and once we've got that, 196 00:09:15,960 --> 00:09:19,240 Speaker 3: we're now saving aggressively, and then we find that we're 197 00:09:19,240 --> 00:09:23,040 Speaker 3: not treating ourselves or looking after current us when they 198 00:09:23,120 --> 00:09:25,400 Speaker 3: really need to be looked after it as well. And 199 00:09:25,440 --> 00:09:27,200 Speaker 3: I think a lot of people harbor a lot of 200 00:09:27,200 --> 00:09:30,120 Speaker 3: guilt and they feel really bad when they start spending 201 00:09:30,160 --> 00:09:33,440 Speaker 3: money on themselves because it's reflective of old behaviors. Like, 202 00:09:33,480 --> 00:09:35,760 Speaker 3: for example, if you were in a whole heap of 203 00:09:35,800 --> 00:09:37,839 Speaker 3: credit card debt and the reason you got into credit 204 00:09:37,840 --> 00:09:39,920 Speaker 3: card debt was because you just really liked fashion, and 205 00:09:39,960 --> 00:09:42,600 Speaker 3: that really added up. I can see why buying another 206 00:09:42,720 --> 00:09:45,960 Speaker 3: dress might make you feel extra guilty because it's reminding 207 00:09:45,960 --> 00:09:48,200 Speaker 3: you of a trauma. It's reminding you of something that 208 00:09:48,280 --> 00:09:50,720 Speaker 3: you did historically that got you in a fair bit 209 00:09:50,760 --> 00:09:52,880 Speaker 3: of trouble and you never want to be there again. 210 00:09:52,920 --> 00:09:55,720 Speaker 3: And it feels like the start of a slippery slope. 211 00:09:56,040 --> 00:09:58,840 Speaker 3: Whereas if you actually allocate money to the site and go, 212 00:09:58,920 --> 00:10:00,480 Speaker 3: you know what, as much as I I'm not in 213 00:10:00,480 --> 00:10:03,240 Speaker 3: debt anymore, I still do really love fashion and I 214 00:10:03,280 --> 00:10:05,040 Speaker 3: really want to put some money aside to be able 215 00:10:05,080 --> 00:10:07,640 Speaker 3: to buy address every so often like maybe you're not 216 00:10:07,679 --> 00:10:10,679 Speaker 3: buying them as regularly, but maybe once every couple of 217 00:10:10,720 --> 00:10:13,160 Speaker 3: months you do treat yourself to a new dress. It 218 00:10:13,240 --> 00:10:15,840 Speaker 3: should be in your budget because we need to look 219 00:10:15,880 --> 00:10:19,000 Speaker 3: after current us. It's not always about the destination. We 220 00:10:19,040 --> 00:10:21,120 Speaker 3: need to make sure we also enjoy the journey. 221 00:10:21,240 --> 00:10:23,160 Speaker 2: That makes a lot of sense, and I feel like 222 00:10:23,360 --> 00:10:26,720 Speaker 2: it's a good time HEREV to talk about marketing and 223 00:10:26,760 --> 00:10:29,360 Speaker 2: how that can really influence the way we do want 224 00:10:29,400 --> 00:10:33,840 Speaker 2: to spend our money and us exactly right when we're 225 00:10:33,920 --> 00:10:35,880 Speaker 2: a little bit, you know, down on ourselves with feeling 226 00:10:35,920 --> 00:10:38,959 Speaker 2: a little weaker, how does marketing inform the way that 227 00:10:39,000 --> 00:10:40,640 Speaker 2: we do choose to spend. 228 00:10:40,720 --> 00:10:42,520 Speaker 3: Oh my gosh, I wish I'd done a whole heap 229 00:10:42,559 --> 00:10:45,920 Speaker 3: of research before you'd asked me this question, but massively, 230 00:10:46,400 --> 00:10:49,040 Speaker 3: Like what do you think marketing is? It's a billion 231 00:10:49,080 --> 00:10:52,720 Speaker 3: dollar industry designed to make us spend more money. Like 232 00:10:52,760 --> 00:10:55,520 Speaker 3: that's the point, right, Like I was checking out the 233 00:10:55,559 --> 00:10:59,360 Speaker 3: other day online and I had decided to purchase a dress. 234 00:10:59,480 --> 00:11:02,360 Speaker 3: It was for my birthday, so it was a planned purchase. 235 00:11:02,559 --> 00:11:05,760 Speaker 3: I'm not being irresponsible, I promise, but the amount of 236 00:11:06,000 --> 00:11:10,240 Speaker 3: upsell I got on that, Like, do you want Express shipping. Okay, no, oh, 237 00:11:10,320 --> 00:11:12,240 Speaker 3: did you see these shoes that really go with this 238 00:11:12,360 --> 00:11:14,920 Speaker 3: stress like or down the bottom that bottom bar. That's 239 00:11:14,960 --> 00:11:17,640 Speaker 3: like most people also bought this item with that. Yeah, 240 00:11:17,840 --> 00:11:18,920 Speaker 3: I'm like stop that. 241 00:11:19,520 --> 00:11:22,840 Speaker 2: That even carts that we spoke about a little while ago, Like, 242 00:11:22,920 --> 00:11:28,000 Speaker 2: they pour so much money into studies and research and 243 00:11:28,080 --> 00:11:32,080 Speaker 2: have entire departments that are dedicated to convincing you that 244 00:11:32,120 --> 00:11:34,440 Speaker 2: you need something. And then beyond that, we look at 245 00:11:35,480 --> 00:11:38,560 Speaker 2: you know, product placement in television and film, which is 246 00:11:38,600 --> 00:11:42,960 Speaker 2: a little less apparent and it's less regulated publicly than 247 00:11:43,040 --> 00:11:45,119 Speaker 2: things like influencers on Instagram. 248 00:11:45,160 --> 00:11:47,480 Speaker 3: Oh my gosh, but it is so true and it 249 00:11:47,559 --> 00:11:50,840 Speaker 3: infiltrates every single part of our lives. Like I remember 250 00:11:50,840 --> 00:11:53,199 Speaker 3: when I was a bit younger and I used to 251 00:11:53,280 --> 00:11:56,160 Speaker 3: be obsessed with the TV show Suits, you know, Mega 252 00:11:56,240 --> 00:11:59,920 Speaker 3: market that shit. I wanted to be Rachel Like her 253 00:12:00,040 --> 00:12:02,760 Speaker 3: outfits were so sassy, and at that time in my life, 254 00:12:02,760 --> 00:12:04,920 Speaker 3: I was working in corporate and I wanted to channel 255 00:12:04,960 --> 00:12:07,520 Speaker 3: my Meg and Markle vibes and I really wanted to 256 00:12:07,559 --> 00:12:11,880 Speaker 3: be like her. I literally would google what outfits she had. 257 00:12:12,160 --> 00:12:14,960 Speaker 3: Like that was you know, marketing in a way that 258 00:12:15,080 --> 00:12:17,880 Speaker 3: was infiltrating my everyday life and the TV shows that 259 00:12:17,920 --> 00:12:20,200 Speaker 3: I watched and convinced me I needed things that I 260 00:12:20,240 --> 00:12:23,480 Speaker 3: didn't actually need. But marketing these days is getting smarter, 261 00:12:23,679 --> 00:12:25,959 Speaker 3: and I think that we need to remember that as well. 262 00:12:26,000 --> 00:12:29,240 Speaker 3: So no longer is it me watching a Suits episode 263 00:12:29,240 --> 00:12:31,760 Speaker 3: and going and googling and trying to find it out myself. 264 00:12:32,120 --> 00:12:35,360 Speaker 3: Our phones now listen to us and suggest things or 265 00:12:35,640 --> 00:12:37,880 Speaker 3: they might see that. You know, Jess, you text me 266 00:12:37,960 --> 00:12:40,280 Speaker 3: a cute pair of shoes and now it's on my 267 00:12:40,400 --> 00:12:43,000 Speaker 3: phone and so my phone somehow has picked it up 268 00:12:43,040 --> 00:12:45,920 Speaker 3: and put it into my algorythm on Instagram, so I 269 00:12:45,960 --> 00:12:49,520 Speaker 3: get serve targeted marketing ads, like how many times have 270 00:12:49,559 --> 00:12:52,760 Speaker 3: you been on Instagram after having a conversation about a 271 00:12:52,760 --> 00:12:55,640 Speaker 3: specific product that you've literally never looked up, and all 272 00:12:55,679 --> 00:12:58,439 Speaker 3: of a sudden, that's all you can find on the internet. 273 00:12:58,640 --> 00:13:00,520 Speaker 2: Yeah, it's like low key creepy, isn't it. 274 00:13:00,520 --> 00:13:03,480 Speaker 3: It is really creepy, And to be honest, I think 275 00:13:03,520 --> 00:13:06,400 Speaker 3: that as much as we say it's creepy, it's kind 276 00:13:06,400 --> 00:13:06,760 Speaker 3: of like. 277 00:13:07,200 --> 00:13:10,640 Speaker 2: It's really cool and it's really interesting, But fundamentally it 278 00:13:10,800 --> 00:13:13,840 Speaker 2: does sketch me out a little bit, especially as we 279 00:13:13,840 --> 00:13:16,640 Speaker 2: were saying those hidden ones where yeah, it's not you know, 280 00:13:16,720 --> 00:13:19,520 Speaker 2: you don't have a paid partnership tool hanging over your head. 281 00:13:19,679 --> 00:13:23,559 Speaker 2: Everywhere you walk, you'rew what's marketing sometimes exactly. 282 00:13:23,640 --> 00:13:26,360 Speaker 3: And I think that it's interesting as well, because you know, 283 00:13:26,440 --> 00:13:29,200 Speaker 3: we get up in arms about privacy, and you know, 284 00:13:29,360 --> 00:13:32,120 Speaker 3: obviously privacy is really important, and we're like, oh my gosh, 285 00:13:32,160 --> 00:13:34,360 Speaker 3: they're using our data badly. But I think we need 286 00:13:34,360 --> 00:13:36,319 Speaker 3: to remember as well that if a big company is 287 00:13:36,360 --> 00:13:39,160 Speaker 3: marketing to us, they're not seeing Victoria Devine on a 288 00:13:39,160 --> 00:13:42,040 Speaker 3: piece of paper and going all right, she wants to shoes, guys, 289 00:13:42,280 --> 00:13:45,400 Speaker 3: send her the shoe ad, like right now, yep, she's online. 290 00:13:45,559 --> 00:13:48,400 Speaker 3: They're actually just running algorithms in the back. They're not 291 00:13:48,520 --> 00:13:51,360 Speaker 3: actually learning about who we are as individuals. They're actually 292 00:13:51,440 --> 00:13:54,959 Speaker 3: learning about our spending behavior. And I think that's interesting. 293 00:13:55,080 --> 00:13:58,600 Speaker 3: But something I also find interesting, Jess, is we always 294 00:13:58,600 --> 00:14:00,880 Speaker 3: get up in arms about, like, you know, privacy being 295 00:14:00,920 --> 00:14:03,719 Speaker 3: taken away from us. But like here we are on 296 00:14:03,760 --> 00:14:10,920 Speaker 3: Instagram sharing silarications our lives, you know, tagging items that 297 00:14:10,960 --> 00:14:13,640 Speaker 3: we've bought, you know, and I think that if we're 298 00:14:13,679 --> 00:14:16,199 Speaker 3: genuinely worried about it, we need to be more conservative 299 00:14:16,240 --> 00:14:18,920 Speaker 3: about what we share online because you know, if someone 300 00:14:18,960 --> 00:14:22,240 Speaker 3: wanted to start collecting, well, what date is Victoria's birthday, 301 00:14:22,280 --> 00:14:24,760 Speaker 3: I'm sure that they could find that despite the fact 302 00:14:24,800 --> 00:14:27,520 Speaker 3: that I've talked about it on a podcast before. Or 303 00:14:27,560 --> 00:14:29,560 Speaker 3: if they wanted to find out what type of shoes 304 00:14:29,600 --> 00:14:31,920 Speaker 3: I really like wearing, I'm sure you could find that out. 305 00:14:32,000 --> 00:14:34,720 Speaker 3: So I think that if we want to talk about privacy, 306 00:14:34,920 --> 00:14:37,320 Speaker 3: and this is clearly not the debate that we're having 307 00:14:37,360 --> 00:14:40,120 Speaker 3: on the podcast today, but we need to just remember 308 00:14:40,200 --> 00:14:42,880 Speaker 3: that a lot of the information that's out there we 309 00:14:43,040 --> 00:14:46,120 Speaker 3: ourselves have put out there on our own without marketing 310 00:14:46,160 --> 00:14:48,200 Speaker 3: companies coming and stealing it from us. 311 00:14:48,560 --> 00:14:51,200 Speaker 2: Yeah, I think that's totally fair and definitely some food 312 00:14:51,240 --> 00:14:53,680 Speaker 2: for thought. After a very short break, we will be 313 00:14:53,720 --> 00:14:57,240 Speaker 2: discussing the different types of spenders, So please don't go anywhere, 314 00:15:06,080 --> 00:15:08,920 Speaker 2: all right, Victoria. So I did some stalking, had a 315 00:15:08,920 --> 00:15:11,320 Speaker 2: little look through the budget and cashflow math class, and 316 00:15:11,360 --> 00:15:14,480 Speaker 2: I found some of your money personality types which I 317 00:15:14,520 --> 00:15:17,280 Speaker 2: want us to talk through right now. So we have 318 00:15:17,400 --> 00:15:18,080 Speaker 2: the high role. 319 00:15:18,400 --> 00:15:21,520 Speaker 3: Are you trying to give away my content on the 320 00:15:21,640 --> 00:15:26,920 Speaker 3: masterclass for free? On this podcast? Jessic Ricci absolutely. Okay, 321 00:15:27,000 --> 00:15:28,440 Speaker 3: carry on. So what have we got? 322 00:15:29,040 --> 00:15:31,080 Speaker 2: So we have a couple of different categories. We have 323 00:15:31,120 --> 00:15:36,880 Speaker 2: the high rollers, the optimists, the entrepreneurs, the hunters, the perfectionists, 324 00:15:37,040 --> 00:15:41,080 Speaker 2: the safety players, the achievers, the money masters, and the producers. 325 00:15:41,560 --> 00:15:44,120 Speaker 3: Can you talk us all through them? All right, I'll 326 00:15:44,120 --> 00:15:46,400 Speaker 3: talk you through them. But before I talk you through them, 327 00:15:46,520 --> 00:15:48,320 Speaker 3: I don't want to take credit for these. These are 328 00:15:48,360 --> 00:15:51,760 Speaker 3: actually from research done by a fabulous woman called Katherine 329 00:15:51,880 --> 00:15:55,200 Speaker 3: Gurney and in their math class. I go through all 330 00:15:55,240 --> 00:15:56,960 Speaker 3: of it and give you a very beautiful PDF, but 331 00:15:57,000 --> 00:15:59,440 Speaker 3: I'll go through them at just a really high level 332 00:15:59,640 --> 00:16:01,840 Speaker 3: because I think that once I read all of these 333 00:16:01,880 --> 00:16:04,240 Speaker 3: out just I think you'll be able to tell which 334 00:16:04,280 --> 00:16:06,640 Speaker 3: one you are, and I want you to share at 335 00:16:06,680 --> 00:16:10,040 Speaker 3: the end, so you better quately listening. So first you 336 00:16:10,160 --> 00:16:13,240 Speaker 3: said high rollers, and these guys, they're like the thrill 337 00:16:13,320 --> 00:16:16,800 Speaker 3: seekers who do like taking financial risks. So for people 338 00:16:16,920 --> 00:16:21,200 Speaker 3: like this, money brings instant power and recognition, and usually 339 00:16:21,240 --> 00:16:25,560 Speaker 3: they're creative, extroverted and pretty competitive. And this type of 340 00:16:25,600 --> 00:16:28,720 Speaker 3: person they prefer to risk their assets rather than be 341 00:16:28,800 --> 00:16:31,640 Speaker 3: bored by what they think financial security looks like. So 342 00:16:31,680 --> 00:16:33,520 Speaker 3: these are the types of people that would be super 343 00:16:33,520 --> 00:16:37,760 Speaker 3: comfortable buying cryptocurrencies or investing in something they haven't done 344 00:16:37,800 --> 00:16:40,640 Speaker 3: heaps and heaps of research in because they just take risks, 345 00:16:40,720 --> 00:16:43,160 Speaker 3: and usually they do this in a number of areas 346 00:16:43,200 --> 00:16:48,479 Speaker 3: of their life. Right then we have optimists, and for optimists, 347 00:16:48,560 --> 00:16:51,520 Speaker 3: money brings them peace of mind and joy, and they're 348 00:16:51,600 --> 00:16:54,800 Speaker 3: usually more interested in enjoying money than making it grow. 349 00:16:54,880 --> 00:16:58,520 Speaker 3: They're not so interested in investing because they're kind of like, well, Yollo, like, 350 00:16:58,600 --> 00:17:00,920 Speaker 3: we only live once. We really want to spend it now. 351 00:17:01,160 --> 00:17:03,960 Speaker 3: It's about the journey, it's not about the destination victoria. 352 00:17:04,520 --> 00:17:07,399 Speaker 3: And they're not usually highly involved with their money or 353 00:17:07,440 --> 00:17:10,720 Speaker 3: their taxes or their investments, and this is usually because 354 00:17:10,760 --> 00:17:14,040 Speaker 3: they find it a little bit stressful. So these friends 355 00:17:14,040 --> 00:17:15,960 Speaker 3: are the ones that bury their heads in the sand. 356 00:17:16,119 --> 00:17:18,479 Speaker 3: They're not in a whole heap of money distress, but 357 00:17:18,560 --> 00:17:21,000 Speaker 3: they definitely aren't on the right path when it comes 358 00:17:21,040 --> 00:17:26,240 Speaker 3: to creating financial security. The next category you mentioned was entrepreneurs, 359 00:17:26,760 --> 00:17:30,119 Speaker 3: and these guys, these are high income owners who enjoy 360 00:17:30,160 --> 00:17:32,480 Speaker 3: the power and prestige of money. This is not me, 361 00:17:32,600 --> 00:17:35,919 Speaker 3: albeit I am an entrepreneur. I wish I was some 362 00:17:36,000 --> 00:17:38,439 Speaker 3: kind of like high roller high baller who enjoyed the 363 00:17:38,480 --> 00:17:41,760 Speaker 3: power and prestige of money, but it's really nice. That's 364 00:17:41,800 --> 00:17:46,159 Speaker 3: not who I am. But mostly the entrepreneurs, they're Mangal dominated, 365 00:17:46,280 --> 00:17:49,639 Speaker 3: and they are driven by a passion for excellence and achievement, 366 00:17:49,880 --> 00:17:52,720 Speaker 3: and they usually invest in the stock market as their 367 00:17:52,800 --> 00:17:56,920 Speaker 3: favored strategy. So these guys aren't about the super high risk, 368 00:17:57,000 --> 00:17:59,200 Speaker 3: but they usually take on a fair bit more risk 369 00:17:59,320 --> 00:18:01,560 Speaker 3: than someone who's safe player, which I'll get to in 370 00:18:01,600 --> 00:18:05,159 Speaker 3: a hot second. Then we have hunters, and these guys 371 00:18:05,200 --> 00:18:08,280 Speaker 3: are highly educated, they are above averaging home owners, and 372 00:18:08,320 --> 00:18:12,000 Speaker 3: they tend to spend and invest prudy impulsively. So this 373 00:18:12,200 --> 00:18:15,480 Speaker 3: is unfortunately I don't mean to be stereotypical here, but 374 00:18:15,560 --> 00:18:17,680 Speaker 3: this is just like the facts behind to the research. 375 00:18:17,720 --> 00:18:20,080 Speaker 3: I'm not just pulling these examples out of somewhere and 376 00:18:20,119 --> 00:18:25,280 Speaker 3: being like it's like a sagittarius. But these are mostly female. 377 00:18:25,480 --> 00:18:28,920 Speaker 3: So usually a hunter is a female, and they attribute 378 00:18:28,920 --> 00:18:32,440 Speaker 3: financial success more to luck than ability or judgment, which 379 00:18:32,480 --> 00:18:35,520 Speaker 3: is not the case. That is a false narrative, but 380 00:18:35,600 --> 00:18:39,879 Speaker 3: it's what they believe, right, classic female, classic females, I know, 381 00:18:40,160 --> 00:18:41,560 Speaker 3: can we cut that out? 382 00:18:41,760 --> 00:18:41,879 Speaker 2: Like? 383 00:18:42,000 --> 00:18:44,359 Speaker 3: I didn't like that one because I don't want you 384 00:18:44,359 --> 00:18:46,119 Speaker 3: guys to think it's luck. Like, and I say this 385 00:18:46,240 --> 00:18:48,639 Speaker 3: to our team all the time, jess Like, sometimes you 386 00:18:48,640 --> 00:18:50,560 Speaker 3: guys will be like, oh, that's so lucky, and I'll 387 00:18:50,600 --> 00:18:52,600 Speaker 3: be like, no, that wasn't luck. You worked for that. No, 388 00:18:52,720 --> 00:18:55,040 Speaker 3: that wasn't luck. You didn't accidentally end up here, And like, 389 00:18:55,280 --> 00:18:57,960 Speaker 3: I love doing that because I know that people appreciate it, 390 00:18:58,040 --> 00:19:01,359 Speaker 3: but I also get really frustrated because we shouldn't be 391 00:19:01,680 --> 00:19:04,000 Speaker 3: saying that everything's luck. But it's really common, right, So 392 00:19:04,040 --> 00:19:05,240 Speaker 3: it's not a bad thing if. 393 00:19:05,119 --> 00:19:07,240 Speaker 2: You're un celebrate your success as. 394 00:19:07,160 --> 00:19:12,960 Speaker 3: Ladies literally get a girl. And then we have perfectionists 395 00:19:13,720 --> 00:19:17,480 Speaker 3: and this one might feel familiar Jessica Ricci as soon. 396 00:19:17,359 --> 00:19:20,320 Speaker 2: As I was like, I think I know what you think. 397 00:19:20,400 --> 00:19:23,399 Speaker 3: Are you ready? Are you ready? So a perfectionist is 398 00:19:23,480 --> 00:19:26,119 Speaker 3: so afraid of making a steak that they often avoid 399 00:19:26,160 --> 00:19:30,200 Speaker 3: decision making altogether. They'll consider every single angle and they'll 400 00:19:30,200 --> 00:19:34,600 Speaker 3: find fault where practically any risky venture exists. They usually 401 00:19:34,640 --> 00:19:38,080 Speaker 3: want to start investing, but they get analysis paralysis over 402 00:19:38,119 --> 00:19:40,520 Speaker 3: what to start investing in, and they don't know where 403 00:19:40,560 --> 00:19:43,159 Speaker 3: to go and what next step to take. And usually 404 00:19:43,160 --> 00:19:46,560 Speaker 3: they're good savers because they're saving for a rainy day 405 00:19:46,560 --> 00:19:49,440 Speaker 3: and they're worried about the risks that exist, and they 406 00:19:49,600 --> 00:19:52,760 Speaker 3: often find finding investments that they want to invest in 407 00:19:52,880 --> 00:19:56,639 Speaker 3: kind of challenging because they've got such high standards. 408 00:19:56,680 --> 00:19:58,480 Speaker 2: Super relatable, super relatable. 409 00:19:58,640 --> 00:20:00,440 Speaker 3: All right, well, this next one might be a little 410 00:20:00,440 --> 00:20:03,040 Speaker 3: bit relatable too, because sometimes I feel like people can 411 00:20:03,080 --> 00:20:04,840 Speaker 3: fit into more than one category. Like I want you 412 00:20:04,920 --> 00:20:06,159 Speaker 3: to pick one, but at the end of the day, 413 00:20:06,240 --> 00:20:08,280 Speaker 3: sometimes we can't just be put into a box jesca. 414 00:20:08,520 --> 00:20:11,240 Speaker 3: Sometimes we actually need to pick a number of them, 415 00:20:11,280 --> 00:20:14,920 Speaker 3: and that's okay. The idea behind these kind of money 416 00:20:14,960 --> 00:20:17,800 Speaker 3: personalities isn't to be like, oh, you fit in that box. 417 00:20:17,880 --> 00:20:20,199 Speaker 3: It's actually so that you can learn more about yourself 418 00:20:20,240 --> 00:20:22,760 Speaker 3: because once you have this personality, you can start learning 419 00:20:22,760 --> 00:20:26,600 Speaker 3: more about what are the personality types associated with this 420 00:20:26,720 --> 00:20:29,960 Speaker 3: label and how can I actually look at strategies that 421 00:20:30,000 --> 00:20:32,679 Speaker 3: are developed for people who have this in mind? And 422 00:20:32,720 --> 00:20:34,360 Speaker 3: I think that that can be really helpful. 423 00:20:34,440 --> 00:20:36,240 Speaker 2: Yeah. Absolutely, So the next. 424 00:20:36,000 --> 00:20:38,680 Speaker 3: One, which I feel like you might resonate with too, 425 00:20:38,880 --> 00:20:41,200 Speaker 3: feel like I'm attacking you on this podcast. I'm sorry. 426 00:20:41,240 --> 00:20:43,840 Speaker 3: I do really like coming for my brand. Yeah, I'm 427 00:20:43,960 --> 00:20:47,440 Speaker 3: coming for you. The next one is safety players, and 428 00:20:47,520 --> 00:20:50,840 Speaker 3: these guys are average ourners who prefer secure investments. They 429 00:20:50,920 --> 00:20:54,840 Speaker 3: lack confidence and motivation to take more calculated risks, even 430 00:20:54,920 --> 00:20:58,360 Speaker 3: though they are really well educated. They feel they're doing 431 00:20:58,400 --> 00:21:01,840 Speaker 3: fine financially, and they offer and just repeat investment strategies 432 00:21:01,840 --> 00:21:04,520 Speaker 3: that seem to work. So these guys might go, all right, well, 433 00:21:04,600 --> 00:21:07,520 Speaker 3: you know, my parents bought an investment property, therefore I 434 00:21:07,560 --> 00:21:10,040 Speaker 3: will be buying an investment property. That sounds like a 435 00:21:10,080 --> 00:21:13,119 Speaker 3: good idea. Because they don't want to take new risks 436 00:21:13,280 --> 00:21:16,720 Speaker 3: or discover new things. So then we have the achievers. 437 00:21:16,800 --> 00:21:19,520 Speaker 3: And the achievers are the second highest income earners to 438 00:21:19,600 --> 00:21:22,359 Speaker 3: the next group that I'm going to talk about. And 439 00:21:22,400 --> 00:21:24,800 Speaker 3: they usually are college graduates or they are you know, 440 00:21:25,000 --> 00:21:28,680 Speaker 3: university educated. They aren't people who just finished year twelve. 441 00:21:29,080 --> 00:21:33,879 Speaker 3: And usually they're married, So I don't that's really niche. 442 00:21:33,960 --> 00:21:36,359 Speaker 3: I know it's niche, but usually they're married. 443 00:21:36,359 --> 00:21:38,560 Speaker 2: All right, that's why the research is so interesting. 444 00:21:38,880 --> 00:21:41,640 Speaker 3: I know they feel hard work, diligence, and effort will 445 00:21:41,640 --> 00:21:44,000 Speaker 3: pay off over time. So these guys are like, no, 446 00:21:44,080 --> 00:21:46,040 Speaker 3: you just work really hard and then you'll be able 447 00:21:46,080 --> 00:21:49,120 Speaker 3: to retire. And that's what we're working towards. They're really 448 00:21:49,160 --> 00:21:51,800 Speaker 3: proud of their accomplishments, and they tend to recoil it 449 00:21:51,880 --> 00:21:55,760 Speaker 3: the idea of other people managing their money decisions. So 450 00:21:55,800 --> 00:21:59,199 Speaker 3: these people don't usually like financial advisors to step in 451 00:21:59,240 --> 00:22:01,400 Speaker 3: and go, okay, cool, here's a strategy, because they want 452 00:22:01,400 --> 00:22:04,920 Speaker 3: to work it out themselves. And the number one priority 453 00:22:04,960 --> 00:22:07,880 Speaker 3: for this group is asset protection. They just don't want 454 00:22:07,880 --> 00:22:10,760 Speaker 3: to lose anything. So they've achieved so much and they 455 00:22:10,760 --> 00:22:13,040 Speaker 3: don't want to feel like they're going backwards, which is 456 00:22:13,320 --> 00:22:17,439 Speaker 3: honestly totally relatable. The next one is the number one 457 00:22:17,480 --> 00:22:21,240 Speaker 3: wealth accumulators. These guys are called the money masters. Is 458 00:22:21,280 --> 00:22:23,240 Speaker 3: it just me or is that really tacky? 459 00:22:23,560 --> 00:22:25,920 Speaker 2: It sounds I don't know why. It sounds like a 460 00:22:26,040 --> 00:22:27,920 Speaker 2: D grade superhero to me. 461 00:22:28,040 --> 00:22:30,680 Speaker 3: A money master. No, I really like that. Maybe it's 462 00:22:30,720 --> 00:22:33,120 Speaker 3: like the She's of the money superhero. If there's any 463 00:22:33,160 --> 00:22:35,840 Speaker 3: like illustrators in our community, can you please. 464 00:22:35,560 --> 00:22:38,600 Speaker 2: Make that into how please hit us up? We can 465 00:22:39,480 --> 00:22:41,440 Speaker 2: actually slid We actually. 466 00:22:41,119 --> 00:22:43,840 Speaker 3: Could illustrate a covey writer. If you've heard this on 467 00:22:43,880 --> 00:22:46,440 Speaker 3: the podcast and you've gotten this far into this podcast 468 00:22:46,440 --> 00:22:48,320 Speaker 3: and you still want to hang out with us, slide 469 00:22:48,359 --> 00:22:50,800 Speaker 3: into our DMS my friends, we need you all right, 470 00:22:51,080 --> 00:22:54,480 Speaker 3: But our money Master friends, they actually rank first in 471 00:22:54,520 --> 00:22:57,320 Speaker 3: the degree of desired involvement with their money. So they're 472 00:22:57,400 --> 00:22:59,800 Speaker 3: all over it. They love it, and they enjoy Part 473 00:22:59,840 --> 00:23:03,880 Speaker 3: two patient. So these are, honestly, as a financial advisor, 474 00:23:03,960 --> 00:23:06,600 Speaker 3: my dream client. They want to be across all of it. 475 00:23:06,640 --> 00:23:09,359 Speaker 3: They want to understand it. They're really excited about it, 476 00:23:09,440 --> 00:23:10,919 Speaker 3: you know, they want to be a part of it, 477 00:23:11,160 --> 00:23:14,200 Speaker 3: and they trust the recommendations of others, and they actually 478 00:23:14,240 --> 00:23:17,040 Speaker 3: act on sound advice. So there are some people in 479 00:23:17,080 --> 00:23:19,119 Speaker 3: the world that will get financial advice and they're not 480 00:23:19,160 --> 00:23:21,679 Speaker 3: act on it because it's just too much. These guys, 481 00:23:21,720 --> 00:23:24,520 Speaker 3: they're gung ho. They're getting it, and they see their 482 00:23:24,520 --> 00:23:28,880 Speaker 3: success as being determined through their philosophy, not through luck, 483 00:23:29,040 --> 00:23:32,840 Speaker 3: not through education, just through their mindset. These guys are like, no, 484 00:23:33,000 --> 00:23:34,960 Speaker 3: I'm going to be successful. It doesn't matter if I 485 00:23:34,960 --> 00:23:36,760 Speaker 3: didn't go to school. It doesn't matter if I didn't 486 00:23:36,760 --> 00:23:39,720 Speaker 3: go to UNI, doesn't matter if I, you know, work corporately. Like, 487 00:23:39,800 --> 00:23:43,720 Speaker 3: these guys genuinely believe that their success is from their mindset, 488 00:23:43,720 --> 00:23:47,840 Speaker 3: and I think that's pretty cool. And then last, but 489 00:23:48,040 --> 00:23:51,840 Speaker 3: definitely not least, we have the producers. So these guys 490 00:23:51,880 --> 00:23:55,000 Speaker 3: they rank high in work ethic but low in income 491 00:23:55,119 --> 00:23:57,520 Speaker 3: earned due to the lack of self confidence and money 492 00:23:57,520 --> 00:24:00,960 Speaker 3: management skills. They work really hard, they desire more, and 493 00:24:01,000 --> 00:24:04,880 Speaker 3: they feel that they have difficulty getting ahead financially and 494 00:24:05,200 --> 00:24:09,960 Speaker 3: financial investment education helps these guys significantly. So the important 495 00:24:09,960 --> 00:24:12,600 Speaker 3: thing here is you don't have to stay in your 496 00:24:12,720 --> 00:24:15,240 Speaker 3: money personality group forever, like you're not going to be 497 00:24:15,240 --> 00:24:19,199 Speaker 3: a producer forever. But it's really important to identify that 498 00:24:19,280 --> 00:24:23,080 Speaker 3: if you are great, like, you need more financial literacy, 499 00:24:23,400 --> 00:24:26,600 Speaker 3: because nobody deserves to have a lack of self confidency 500 00:24:26,600 --> 00:24:30,280 Speaker 3: in money management skills. Like everybody deserves to feel empowered 501 00:24:30,280 --> 00:24:33,040 Speaker 3: and motivated when it comes to money. And even if 502 00:24:33,040 --> 00:24:35,320 Speaker 3: you're not going to be you know, Elon Musk, and 503 00:24:35,359 --> 00:24:37,760 Speaker 3: you're not going to become a billionaire, like, at least 504 00:24:37,840 --> 00:24:40,760 Speaker 3: let's put those money management skills to work and actually 505 00:24:40,800 --> 00:24:41,880 Speaker 3: get them working for you. 506 00:24:42,160 --> 00:24:46,879 Speaker 2: That's so interesting, bit of a silly question potentially, But 507 00:24:47,440 --> 00:24:52,240 Speaker 2: are any of these personalities good or bad? Inherently is 508 00:24:52,359 --> 00:24:55,439 Speaker 2: one better than the other? Should we be aspiring to 509 00:24:55,520 --> 00:24:58,720 Speaker 2: be you know, one of those particular people should aiding 510 00:24:58,720 --> 00:25:00,320 Speaker 2: for money master status? 511 00:25:00,000 --> 00:25:03,400 Speaker 3: No, absolutely, not. And that's not a silly question because 512 00:25:03,440 --> 00:25:05,159 Speaker 3: I guess if I list off a whole bunch of 513 00:25:05,160 --> 00:25:07,359 Speaker 3: money personalities, people can be like, oh, well, I'm this 514 00:25:07,400 --> 00:25:09,760 Speaker 3: one because it's better. There's no good, there's no bad. 515 00:25:09,800 --> 00:25:13,920 Speaker 3: It's actually about understanding you. And like everything else in life, 516 00:25:13,920 --> 00:25:16,840 Speaker 3: your response to money is largely dictated by your money 517 00:25:16,880 --> 00:25:20,600 Speaker 3: story and your personality. But most people haven't given much 518 00:25:20,600 --> 00:25:22,840 Speaker 3: thought on how we actually behave in regard to our 519 00:25:22,920 --> 00:25:26,720 Speaker 3: finance and how that behavior actually affects our bank accounts, 520 00:25:26,760 --> 00:25:28,960 Speaker 3: and how much of money is on our statements and 521 00:25:29,000 --> 00:25:31,600 Speaker 3: how much money comes in and goes out, And it's 522 00:25:31,800 --> 00:25:33,760 Speaker 3: so much more than oh, well, you've got a good 523 00:25:33,800 --> 00:25:36,679 Speaker 3: paying job, therefore you must be able to you know, 524 00:25:36,720 --> 00:25:39,000 Speaker 3: save and invest a lot like that's not the case. 525 00:25:39,320 --> 00:25:41,840 Speaker 3: And I talk a lot about you know, money stories 526 00:25:41,880 --> 00:25:45,399 Speaker 3: and how that's ingrained, but money personalities they help us 527 00:25:45,480 --> 00:25:49,119 Speaker 3: understand ourselves, especially if our money story is you know, 528 00:25:49,440 --> 00:25:52,800 Speaker 3: something that isn't constructive, like it's hey, well what am I? 529 00:25:52,920 --> 00:25:54,639 Speaker 3: Can you just put me in a category so I 530 00:25:54,680 --> 00:25:57,880 Speaker 3: can start learning about these And if you can understand 531 00:25:57,920 --> 00:26:00,440 Speaker 3: your money personality, I genuinely believe it to the first 532 00:26:00,480 --> 00:26:03,160 Speaker 3: step and will actually be able to help you approach 533 00:26:03,200 --> 00:26:05,720 Speaker 3: how you want to be saving, spending and investing. 534 00:26:05,880 --> 00:26:07,439 Speaker 2: And now I guess I feel a little bit like 535 00:26:07,480 --> 00:26:09,159 Speaker 2: I showed you mine, so you should show me your, 536 00:26:10,320 --> 00:26:11,600 Speaker 2: which Can we play a game? Then? 537 00:26:11,920 --> 00:26:14,760 Speaker 3: Can you guess? Can you guess? I know exactly what 538 00:26:14,800 --> 00:26:15,080 Speaker 3: I am? 539 00:26:15,920 --> 00:26:22,880 Speaker 2: Um? I feel like you are an achiever? Yeah, yeah, 540 00:26:22,920 --> 00:26:26,040 Speaker 2: because you work really hard and I feel but then 541 00:26:26,200 --> 00:26:31,560 Speaker 2: I do feel like you are sometimes not crazy asset protection. 542 00:26:31,880 --> 00:26:33,600 Speaker 2: Sometimes I feel like you see something and you're like, 543 00:26:33,760 --> 00:26:36,240 Speaker 2: I've looked into that and researched that, and I'm just 544 00:26:36,240 --> 00:26:38,840 Speaker 2: gonna give it a red hot go and see what happens. 545 00:26:39,240 --> 00:26:41,600 Speaker 3: Yeah, and I would agree, But I think that when 546 00:26:41,640 --> 00:26:45,080 Speaker 3: it comes to asset protection for me, like I would 547 00:26:45,119 --> 00:26:48,680 Speaker 3: never risk everything. Yeah, Like I'm quite like I think 548 00:26:48,680 --> 00:26:51,080 Speaker 3: I would shock you if you said, oh, like what 549 00:26:51,119 --> 00:26:52,960 Speaker 3: are you doing and I'd be like, well, we remortgaged 550 00:26:52,960 --> 00:26:55,920 Speaker 3: our house to do XYZ. Like there's no way I 551 00:26:55,920 --> 00:26:58,879 Speaker 3: would ever do that. And like, you know, you know 552 00:26:59,000 --> 00:27:01,120 Speaker 3: me personally well enough to know that, you know, paying 553 00:27:01,119 --> 00:27:03,040 Speaker 3: off my mortgage is a really big priority because I 554 00:27:03,080 --> 00:27:04,720 Speaker 3: want to get rid of that and I am really 555 00:27:04,760 --> 00:27:07,479 Speaker 3: proud of you know, the hard work I put into things, 556 00:27:07,720 --> 00:27:12,119 Speaker 3: But protecting my assets is genuinely my primary consideration because 557 00:27:12,119 --> 00:27:14,800 Speaker 3: if I don't have those, I can't provide to other people. 558 00:27:14,920 --> 00:27:17,920 Speaker 3: And you know, I don't like feeling like I've lost something. 559 00:27:18,240 --> 00:27:21,560 Speaker 3: And I'm not big into you know, punting, and that's 560 00:27:21,600 --> 00:27:24,120 Speaker 3: probably because I am educated in this space. Like I'm 561 00:27:24,119 --> 00:27:26,119 Speaker 3: not just going to go buy a share because someone 562 00:27:26,440 --> 00:27:29,120 Speaker 3: at the pub recommended it. It's just not who I am. 563 00:27:29,480 --> 00:27:32,600 Speaker 3: But in saying that, I'm going to do my research, 564 00:27:32,680 --> 00:27:35,159 Speaker 3: and you know, as an achiever, I don't feel like 565 00:27:35,240 --> 00:27:37,920 Speaker 3: investing is risky because I know so much about it. 566 00:27:37,960 --> 00:27:41,320 Speaker 3: So like when I look at protecting my assets, investing 567 00:27:41,320 --> 00:27:43,639 Speaker 3: for the long term is actually working in line with that. 568 00:27:43,760 --> 00:27:46,240 Speaker 3: Like I genuinely don't see as much risk as a 569 00:27:46,280 --> 00:27:48,760 Speaker 3: lot of people who maybe don't have such an education 570 00:27:48,880 --> 00:27:53,200 Speaker 3: on investment, right whereas you who's a little bit more 571 00:27:53,480 --> 00:27:56,600 Speaker 3: you know, you're I think you're in that perfectionist group. 572 00:27:57,080 --> 00:28:00,399 Speaker 3: Is that fantastic? Say that? Yeah, Like, I feel like 573 00:28:00,520 --> 00:28:02,960 Speaker 3: you need to do heaps and heaps and heaps of research, 574 00:28:03,280 --> 00:28:05,520 Speaker 3: but you feel really autonomous in the decisions that you 575 00:28:05,600 --> 00:28:07,600 Speaker 3: make every day in your career because that's just your 576 00:28:07,640 --> 00:28:09,879 Speaker 3: career right, Like you know exactly what you're talking about. 577 00:28:09,880 --> 00:28:11,720 Speaker 3: Like when it comes to content, like you're like, yep, 578 00:28:11,760 --> 00:28:14,119 Speaker 3: cool out of work. That won't work. I couldn't. I 579 00:28:14,119 --> 00:28:16,120 Speaker 3: couldn't do that. I've got no idea. And I think 580 00:28:16,119 --> 00:28:18,679 Speaker 3: that a lot of the time we often think that 581 00:28:18,720 --> 00:28:21,560 Speaker 3: we're not smart, or we're not achieving, or we're not 582 00:28:21,840 --> 00:28:23,879 Speaker 3: like who we need to be, just because it's not 583 00:28:23,920 --> 00:28:27,480 Speaker 3: our full time job. Whereas I know, Jess to share 584 00:28:27,520 --> 00:28:29,960 Speaker 3: too much with the shees on the money community. You 585 00:28:30,040 --> 00:28:34,320 Speaker 3: have started investing, but you've started investing because you got 586 00:28:34,359 --> 00:28:37,120 Speaker 3: advice and because you felt comfortable with it and you'd 587 00:28:37,359 --> 00:28:40,280 Speaker 3: had enough time to ponder and work out whether the 588 00:28:40,400 --> 00:28:44,040 Speaker 3: risk outweighed the return and what that actually looked like 589 00:28:44,160 --> 00:28:46,960 Speaker 3: for you. And I know for perfectionists it says that 590 00:28:47,000 --> 00:28:50,160 Speaker 3: finding suitable investments is difficult. I know that you were like, oh, 591 00:28:50,160 --> 00:28:52,880 Speaker 3: I just don't know what the right one is that 592 00:28:53,000 --> 00:28:55,719 Speaker 3: and yeah, like you do it. We're not saying that 593 00:28:55,760 --> 00:28:59,960 Speaker 3: these people don't invest or save. It's just the initial approach. 594 00:29:00,480 --> 00:29:03,480 Speaker 3: And once you can really comprehend that and understand that, 595 00:29:03,560 --> 00:29:06,920 Speaker 3: you Okay, well, if that's my personality type, Like what 596 00:29:07,040 --> 00:29:09,440 Speaker 3: could I look into it. It's like Maya's Briggs, right, 597 00:29:09,560 --> 00:29:11,800 Speaker 3: Like I feel like people use that to just learn 598 00:29:11,840 --> 00:29:14,640 Speaker 3: about themselves. And once they learn about themselves, they can 599 00:29:14,680 --> 00:29:17,480 Speaker 3: do some research and go, well, I'm introverted or I'm extroverted. 600 00:29:17,480 --> 00:29:19,600 Speaker 3: This is how I would, you know, adapt to a 601 00:29:19,640 --> 00:29:22,880 Speaker 3: certain social situation or a particular job, or this is 602 00:29:22,880 --> 00:29:25,640 Speaker 3: how I process things. And I find that it's actually 603 00:29:25,640 --> 00:29:28,920 Speaker 3: really helpful. And I'm really into like Maya's Briggs and 604 00:29:28,960 --> 00:29:31,600 Speaker 3: stuff like that, maybe because of my background in psychology, 605 00:29:31,760 --> 00:29:35,160 Speaker 3: but I genuinely feel like it helps me understand people 606 00:29:35,240 --> 00:29:38,040 Speaker 3: more as well. Like once you know someone's personality type 607 00:29:38,080 --> 00:29:41,280 Speaker 3: and whether they introverted or extroverted, you usually know what 608 00:29:41,320 --> 00:29:43,800 Speaker 3: they will tolerate and not tolerate, and you know that 609 00:29:43,880 --> 00:29:45,840 Speaker 3: if they're a bit flat, like should I just leave 610 00:29:45,840 --> 00:29:48,240 Speaker 3: them alone or do they actually need someone to come 611 00:29:48,280 --> 00:29:50,440 Speaker 3: over and help them. And to be honest, I'm just 612 00:29:50,480 --> 00:29:52,760 Speaker 3: a bit pervy when it comes to all things personality 613 00:29:52,800 --> 00:29:56,160 Speaker 3: types and money and like, yeah, that's that's me, and 614 00:29:56,200 --> 00:29:58,520 Speaker 3: that's you know, just what makes me excited. But I 615 00:29:58,520 --> 00:30:00,880 Speaker 3: guess now I'm thinking, like, what's your mys breeks, have 616 00:30:00,960 --> 00:30:01,640 Speaker 3: you ever done it? 617 00:30:02,120 --> 00:30:04,920 Speaker 2: I have it was going around. I remember on we 618 00:30:04,960 --> 00:30:07,440 Speaker 2: did it when I was in school because I took psychology, 619 00:30:07,600 --> 00:30:09,120 Speaker 2: Like we took it as part of our course when 620 00:30:09,120 --> 00:30:10,840 Speaker 2: we learned about it, and then I took it a 621 00:30:10,840 --> 00:30:13,480 Speaker 2: few years later. It was really interesting because my personality 622 00:30:13,520 --> 00:30:16,640 Speaker 2: type had changed, and the change that I saw kind 623 00:30:16,640 --> 00:30:19,440 Speaker 2: of aligned with how I had changed as a person 624 00:30:19,520 --> 00:30:22,720 Speaker 2: since high school. So I'm pretty sure I was an 625 00:30:22,760 --> 00:30:25,600 Speaker 2: I nf J we. 626 00:30:25,720 --> 00:30:29,720 Speaker 3: Ah, what that's my personality time? 627 00:30:29,920 --> 00:30:30,520 Speaker 2: Are you kidding? 628 00:30:30,960 --> 00:30:33,440 Speaker 3: I'm currently an I NFJ. Wait. Have you moved from 629 00:30:33,440 --> 00:30:34,520 Speaker 3: that or have you moved to that? 630 00:30:34,720 --> 00:30:36,640 Speaker 2: No, That's what I've moved to, So I think No, 631 00:30:37,440 --> 00:30:40,880 Speaker 2: I think before my I was an I n t 632 00:30:42,440 --> 00:30:46,240 Speaker 2: j J. Yeah, I changed from thinking to feeling. 633 00:30:46,440 --> 00:30:49,600 Speaker 3: Do you know what? That makes so much sense? 634 00:30:49,680 --> 00:30:51,600 Speaker 2: People tell us all the time that we're like the 635 00:30:51,640 --> 00:30:54,120 Speaker 2: same person. Now we know why we actually are the 636 00:30:54,200 --> 00:30:55,160 Speaker 2: same person. 637 00:30:55,480 --> 00:30:58,680 Speaker 3: Do you know that that's like not a common person? 638 00:30:58,960 --> 00:31:02,440 Speaker 3: Really not people literally, Like if you've got that one, 639 00:31:02,440 --> 00:31:05,400 Speaker 3: I'm always like, oh, really interesting, Like that's not common 640 00:31:05,440 --> 00:31:07,720 Speaker 3: at all. Like I never find people that say that 641 00:31:07,760 --> 00:31:11,640 Speaker 3: they're the same Myers Briggs as me. Wow. Some people 642 00:31:11,680 --> 00:31:13,800 Speaker 3: will be like, oh, well, I'm extroverted. I'm like, no, 643 00:31:13,840 --> 00:31:17,040 Speaker 3: I'm introverted, but like I think that people assume I'm 644 00:31:17,080 --> 00:31:20,239 Speaker 3: extroverted because of the rest of my personality traits. But like, 645 00:31:20,400 --> 00:31:22,120 Speaker 3: at the end of the day, I do not get 646 00:31:22,160 --> 00:31:25,440 Speaker 3: my energy from being extroverted. In fact, it takes all 647 00:31:25,440 --> 00:31:27,760 Speaker 3: my energy and I just need to regrouperate and be 648 00:31:27,880 --> 00:31:30,640 Speaker 3: by myself and you know, enjoy my own company. That's 649 00:31:30,640 --> 00:31:35,440 Speaker 3: actually I'm so funny. Okay, So the scale is we 650 00:31:35,560 --> 00:31:39,880 Speaker 3: are introverted, but it's extroverted or introverted. Then its sensors 651 00:31:39,960 --> 00:31:44,320 Speaker 3: or intuitives. Then it's thinkers versus feelers. Then it's judges 652 00:31:44,440 --> 00:31:49,000 Speaker 3: versus perceivers. And I find that it's so interesting. In fact, Jess, 653 00:31:49,040 --> 00:31:51,440 Speaker 3: we'll put a link in the show notes because this 654 00:31:51,560 --> 00:31:54,200 Speaker 3: has enoughing to do with this topic. But I feel 655 00:31:54,240 --> 00:31:56,680 Speaker 3: like people are going to be interested because we are, 656 00:31:57,120 --> 00:31:58,760 Speaker 3: and I want to know if other people have the 657 00:31:58,760 --> 00:32:01,600 Speaker 3: same personality type as us, Like can you imagine if 658 00:32:01,600 --> 00:32:04,440 Speaker 3: there are more of us out there? Oh Lord help us. 659 00:32:04,880 --> 00:32:07,200 Speaker 3: But I'll put a link in the show notes so 660 00:32:07,240 --> 00:32:10,280 Speaker 3: that we can all do the NbTi for free, because 661 00:32:10,440 --> 00:32:13,600 Speaker 3: that's really fun and sometimes it's just really interesting to 662 00:32:13,640 --> 00:32:15,840 Speaker 3: see what type of personality we are. But let's get 663 00:32:15,920 --> 00:32:19,080 Speaker 3: back on track and talk more about the psychology of money. 664 00:32:19,240 --> 00:32:24,959 Speaker 3: Not necessarily more about the psychology of psychology, but yeah, interesting. Nonetheless, 665 00:32:25,000 --> 00:32:26,240 Speaker 3: I think, well, I. 666 00:32:26,200 --> 00:32:28,800 Speaker 2: Think we've actually just about covered off on everything we 667 00:32:28,880 --> 00:32:29,840 Speaker 2: wanted to today. 668 00:32:29,960 --> 00:32:32,240 Speaker 3: Yeah, I think we probably should wrap it here and 669 00:32:32,280 --> 00:32:35,000 Speaker 3: not carry on because we've talked a lot about Mayus Briggs, 670 00:32:35,000 --> 00:32:38,000 Speaker 3: We've talked a lot about different money personality types, and 671 00:32:38,080 --> 00:32:40,760 Speaker 3: I think it's really interesting. But to summarize this at 672 00:32:40,760 --> 00:32:43,160 Speaker 3: the end of the day, like you have complete control 673 00:32:43,320 --> 00:32:46,800 Speaker 3: over what type of money personality you are or what 674 00:32:46,880 --> 00:32:49,440 Speaker 3: you lean more into. And I think it's really important 675 00:32:49,440 --> 00:32:51,680 Speaker 3: to remember that you're not in one bucket or not. 676 00:32:51,920 --> 00:32:55,120 Speaker 3: It's actually a scale, and there's no such thing as 677 00:32:55,160 --> 00:32:58,920 Speaker 3: you're either introverted or you're extroverted, Like you are actually 678 00:32:58,920 --> 00:33:01,360 Speaker 3: on a sliding scale, and some people are far more 679 00:33:01,400 --> 00:33:05,360 Speaker 3: introverted than others, whereas some people are far more extroverted 680 00:33:05,360 --> 00:33:07,720 Speaker 3: than others. It's on a scale, and I want people 681 00:33:07,720 --> 00:33:09,960 Speaker 3: to remember that because you're not one thing or the other. 682 00:33:10,080 --> 00:33:12,800 Speaker 3: You're not a perfectionist or a money master, like you 683 00:33:12,840 --> 00:33:14,920 Speaker 3: could be a mix of both, and it's more about 684 00:33:15,280 --> 00:33:18,360 Speaker 3: learning about you and what resonates most with you and 685 00:33:18,400 --> 00:33:20,880 Speaker 3: then using it to your advantage. Like, if you are 686 00:33:20,920 --> 00:33:23,880 Speaker 3: a perfectionist, you need to do more research. You need 687 00:33:23,920 --> 00:33:26,680 Speaker 3: to fully comprehend the decisions you're making, and if investing 688 00:33:26,760 --> 00:33:29,160 Speaker 3: is something that you really really want to start doing, 689 00:33:29,440 --> 00:33:32,160 Speaker 3: you need to start thinking about how you can get 690 00:33:32,160 --> 00:33:35,120 Speaker 3: more comfortable with it rather than going, oh, but you 691 00:33:35,160 --> 00:33:38,000 Speaker 3: know other people are more comfortable with this, why am 692 00:33:38,080 --> 00:33:41,200 Speaker 3: I not? Because we're all different and that's okay, And 693 00:33:41,240 --> 00:33:44,880 Speaker 3: that's arguably what makes this so exciting is because we're 694 00:33:44,920 --> 00:33:47,760 Speaker 3: all different people doing different things, and the Shees on 695 00:33:47,800 --> 00:33:50,240 Speaker 3: the Money community gets to bring it all together and 696 00:33:50,320 --> 00:33:52,840 Speaker 3: we're a space where we get to share all those journeys. 697 00:33:52,880 --> 00:33:55,840 Speaker 3: And how boring would it be if we were all ironfjs? 698 00:33:56,560 --> 00:33:57,800 Speaker 3: Like what that would be? 699 00:33:57,840 --> 00:33:59,440 Speaker 2: Theirs running around? 700 00:34:00,000 --> 00:34:03,160 Speaker 3: Oh my gosh, I feel bad for anybody who is now. 701 00:34:03,160 --> 00:34:06,200 Speaker 3: I'm like, I feel you, girl, I feel you. It's hard, 702 00:34:06,400 --> 00:34:08,680 Speaker 3: it's hard out here, or I think that is more 703 00:34:08,719 --> 00:34:12,919 Speaker 3: than enough from us today. We have absolutely fallen off track. 704 00:34:13,040 --> 00:34:15,600 Speaker 3: But I hope you loved this podcast nonetheless, but just 705 00:34:15,640 --> 00:34:17,480 Speaker 3: before we head off, we'd like to acknowledge and pay 706 00:34:17,560 --> 00:34:21,239 Speaker 3: respect to Australia's Aboriginal and Torres Strait Islander people's. They're 707 00:34:21,280 --> 00:34:24,239 Speaker 3: the traditional custodians of the lands, the waterways and the 708 00:34:24,239 --> 00:34:27,560 Speaker 3: skies all across Australia. We thank you for sharing and 709 00:34:27,600 --> 00:34:29,440 Speaker 3: for caring for the land on which we are able 710 00:34:29,480 --> 00:34:32,360 Speaker 3: to learn. We pay respects to elders past and present, 711 00:34:32,400 --> 00:34:34,520 Speaker 3: and we share our friendship and our kindness. 712 00:34:34,920 --> 00:34:37,200 Speaker 2: The advice shared on She's on the Money is general 713 00:34:37,239 --> 00:34:40,960 Speaker 2: in nature and does not consider your individual circumstances. She's 714 00:34:41,000 --> 00:34:44,080 Speaker 2: on the Money exist purely for educational purposes and should 715 00:34:44,120 --> 00:34:47,440 Speaker 2: not be relied upon to make an investment or financial decision. 716 00:34:47,520 --> 00:34:48,839 Speaker 3: Or even a personality one. 717 00:34:48,880 --> 00:34:51,720 Speaker 2: It seems, oh yeah, don't consult us. Consult Myers bricks 718 00:34:52,120 --> 00:34:55,680 Speaker 2: and we promise. Victoria Devine is an authorized representative of 719 00:34:55,719 --> 00:35:00,359 Speaker 2: Australia Pacific Funds Management Proprietory Limited ABM three four three 720 00:35:00,360 --> 00:35:03,799 Speaker 2: two four six three two five seven AFSL three three 721 00:35:04,040 --> 00:35:05,840 Speaker 2: nine one five one and. 722 00:35:05,840 --> 00:35:08,799 Speaker 3: As always we would adore it if you joined our 723 00:35:08,800 --> 00:35:11,760 Speaker 3: Facebook group, where our community shares money tips and tricks 724 00:35:11,840 --> 00:35:14,360 Speaker 3: every single day of the week, free of judgment. So 725 00:35:14,520 --> 00:35:16,440 Speaker 3: She's on the Money on Facebook and join us if 726 00:35:16,440 --> 00:35:19,200 Speaker 3: Facebook cecin thing. We're on Instagram, we play a lot 727 00:35:19,239 --> 00:35:22,680 Speaker 3: on TikTok. We're everywhere. And Victoria has a book. Oh 728 00:35:22,680 --> 00:35:24,760 Speaker 3: my gosh, I have a book. Guys. It is so fun. 729 00:35:24,800 --> 00:35:26,920 Speaker 3: If you're not sick of us and you haven't got enough, 730 00:35:26,960 --> 00:35:29,320 Speaker 3: she's on the money in your ears. Go and download 731 00:35:29,360 --> 00:35:32,280 Speaker 3: the audio book because I actually read it all myself. 732 00:35:32,760 --> 00:35:35,160 Speaker 2: And if not, there is also a physical copy and 733 00:35:35,400 --> 00:35:38,160 Speaker 2: allegit digital copy as well. You can do it whatever 734 00:35:38,160 --> 00:35:38,399 Speaker 2: you way. 735 00:35:38,520 --> 00:35:41,480 Speaker 3: There's no excuses, my friends. Anyway. We will see you 736 00:35:41,520 --> 00:35:43,040 Speaker 3: for another deep dive next week. 737 00:35:43,280 --> 00:35:48,240 Speaker 2: Bye.