1 00:00:10,669 --> 00:00:14,869 Speaker 1: My Hard podcasts, hear more kids podcasts, playlists, and listen 2 00:00:14,909 --> 00:00:16,348 Speaker 1: live on the Free I Hard. A. 3 00:00:17,628 --> 00:00:18,868 Speaker 2: Elon Musk is also back. 4 00:00:18,948 --> 00:00:21,589 Speaker 1: Well it didn't go anywhere, And look, he said something 5 00:00:21,589 --> 00:00:24,708 Speaker 1: pretty wild I'd love to share with Well. One like 6 00:00:24,749 --> 00:00:26,668 Speaker 1: side recommendation I have is like, don't worry about like 7 00:00:26,709 --> 00:00:29,829 Speaker 1: squirreling money away for retirement in like ten or twenty years. 8 00:00:29,869 --> 00:00:31,989 Speaker 2: In one matter, you won't need to save for retirement. 9 00:00:32,509 --> 00:00:34,549 Speaker 2: If any of the things that we've said are true, 10 00:00:34,989 --> 00:00:37,868 Speaker 2: saving for retirement will be irrelevant. It's just so out 11 00:00:37,909 --> 00:00:38,269 Speaker 2: of touch. 12 00:00:38,668 --> 00:00:40,469 Speaker 1: Well, it's a wild thing for a trillionaire to say 13 00:00:40,549 --> 00:00:42,708 Speaker 1: to you that much. Don't worry about cash, guys, but 14 00:00:42,949 --> 00:00:45,068 Speaker 1: you don't even worry about it. I've got post of it. Anyway, 15 00:00:45,108 --> 00:00:47,429 Speaker 1: How could that possibly work, that you don't need money 16 00:00:47,468 --> 00:00:48,228 Speaker 1: for your retirement? 17 00:00:49,549 --> 00:00:50,588 Speaker 2: Look, I don't know. 18 00:00:50,629 --> 00:00:52,949 Speaker 1: He's saying there's some technological thing that will be different 19 00:00:52,989 --> 00:00:53,309 Speaker 1: for everyone. 20 00:00:53,349 --> 00:00:55,149 Speaker 2: The phone money just won't be a thing. I think 21 00:00:55,149 --> 00:00:59,548 Speaker 2: that's what he's saying. That's madness. Well, that's just madness. 22 00:00:59,549 --> 00:01:00,948 Speaker 1: He's been right about a lot of things, and he's 23 00:01:00,989 --> 00:01:02,029 Speaker 1: been wrong about a lot of things. 24 00:01:02,029 --> 00:01:04,429 Speaker 2: But he's been right about a lot of things. So anyway, I. 25 00:01:04,629 --> 00:01:06,909 Speaker 1: Just found that was Also we were talking before about 26 00:01:06,909 --> 00:01:09,029 Speaker 1: how much money Elon Musk has. By the way, this 27 00:01:09,069 --> 00:01:10,869 Speaker 1: is when he was just a billionaire. I think there 28 00:01:10,909 --> 00:01:14,629 Speaker 1: was some statistic that I'm trying to remember what he's 29 00:01:14,749 --> 00:01:20,869 Speaker 1: uh Neil Degrass Tyson, who's an astrophysicist, he figured out 30 00:01:20,869 --> 00:01:22,549 Speaker 1: how much money he had and he said, if you 31 00:01:22,589 --> 00:01:25,828 Speaker 1: broke Elon Musk's fortune into one dollar bills, it would 32 00:01:25,829 --> 00:01:27,509 Speaker 1: have enough money to wrap around the Earth one hundred 33 00:01:27,509 --> 00:01:29,029 Speaker 1: and twenty seven times and then go to the moon 34 00:01:29,069 --> 00:01:29,389 Speaker 1: and back. 35 00:01:30,109 --> 00:01:30,789 Speaker 2: That is wild. 36 00:01:30,829 --> 00:01:33,029 Speaker 1: And he now has like twice as much money as that, 37 00:01:33,389 --> 00:01:34,629 Speaker 1: So it's a wild thing to say for a very 38 00:01:34,709 --> 00:01:38,589 Speaker 1: rich guy. But right now what I want to do 39 00:01:38,709 --> 00:01:40,229 Speaker 1: is I was actually fastin I was I was thinking 40 00:01:40,229 --> 00:01:41,789 Speaker 1: about this, and I was like, I wonder how many 41 00:01:41,789 --> 00:01:44,509 Speaker 1: people like how much savings everyone has? 42 00:01:45,029 --> 00:01:48,669 Speaker 2: Okay, it's a strange question, very very very personal question, 43 00:01:48,709 --> 00:01:50,749 Speaker 2: and you'd never talk about it, and you'd never mentioned it. 44 00:01:50,789 --> 00:01:52,189 Speaker 1: And I think we're all kind of sitting here after 45 00:01:52,229 --> 00:01:53,789 Speaker 1: hearing this from Elon Musk and it makes everyone go 46 00:01:53,789 --> 00:01:54,229 Speaker 1: a little bit. 47 00:01:54,189 --> 00:01:56,029 Speaker 2: Like, oh us, everyone got enough. Maybe I should't matter 48 00:01:56,029 --> 00:01:58,549 Speaker 2: about saving anymore. So call the number one. You're random, 49 00:01:58,589 --> 00:01:59,349 Speaker 2: you're anonymous? 50 00:02:00,029 --> 00:02:05,349 Speaker 1: Hello, Hello, Hello, Hello. Do you have savings? 51 00:02:06,189 --> 00:02:10,508 Speaker 3: I do? It's not very much out there a deep 52 00:02:10,549 --> 00:02:12,029 Speaker 3: at the moment, but it's sitting at twelve and a 53 00:02:12,069 --> 00:02:12,669 Speaker 3: half thousand. 54 00:02:13,029 --> 00:02:15,388 Speaker 2: Okay, all right, thank you so much for the call. 55 00:02:15,508 --> 00:02:22,469 Speaker 2: Appreciate it. Calling number two. Hello, hello me Hello? How 56 00:02:22,509 --> 00:02:25,389 Speaker 2: old are you calling number two? I am twenty six 57 00:02:25,469 --> 00:02:27,669 Speaker 2: years old? Okay, do you have savings? 58 00:02:28,149 --> 00:02:29,229 Speaker 3: I do have savings? Yeah. 59 00:02:29,309 --> 00:02:30,589 Speaker 2: Can I ask what your profession is? 60 00:02:31,629 --> 00:02:33,989 Speaker 3: I work in the recruitment industry. 61 00:02:34,549 --> 00:02:36,508 Speaker 2: Okay, what are your savings? Call the number two. 62 00:02:37,429 --> 00:02:39,869 Speaker 3: I have eighteen thousand dollars in my savings. 63 00:02:40,429 --> 00:02:41,429 Speaker 2: Okay. 64 00:02:41,709 --> 00:02:44,029 Speaker 1: Some people feeling better about yourselves, some people feeling a 65 00:02:44,069 --> 00:02:44,749 Speaker 1: lot worse about them. 66 00:02:44,749 --> 00:02:46,429 Speaker 2: So you have a figure in your head that you're 67 00:02:46,429 --> 00:02:50,789 Speaker 2: trying to get to. Call on number two. The goal 68 00:02:50,909 --> 00:02:51,749 Speaker 2: is a trip away. 69 00:02:51,749 --> 00:02:53,629 Speaker 3: I'm aiming for at least twenty five to thirty to 70 00:02:53,629 --> 00:02:55,429 Speaker 3: book that in for a big, big Oh. 71 00:02:55,509 --> 00:02:57,829 Speaker 1: That that's a great place to spend your money. Well done, 72 00:02:57,869 --> 00:02:58,508 Speaker 1: call on number two. 73 00:02:58,589 --> 00:03:01,228 Speaker 2: Call number three here call number three's following el on musk. 74 00:03:01,429 --> 00:03:03,589 Speaker 2: No need for savings. Well, so I had this chat 75 00:03:03,589 --> 00:03:06,109 Speaker 2: with a friend the other day. It was pretty late 76 00:03:06,109 --> 00:03:06,509 Speaker 2: in the ending. 77 00:03:06,629 --> 00:03:10,909 Speaker 1: Sure, and they told me, you know, secretly, they didn't 78 00:03:10,909 --> 00:03:11,589 Speaker 1: have any savings. 79 00:03:11,709 --> 00:03:13,828 Speaker 2: Sure, no one knows this, but I've got none. Yeah, 80 00:03:14,029 --> 00:03:15,189 Speaker 2: I just don't see the point in it. 81 00:03:15,629 --> 00:03:17,989 Speaker 1: I love just living my life and don't really ever 82 00:03:17,989 --> 00:03:18,749 Speaker 1: want to own anything. 83 00:03:19,189 --> 00:03:20,549 Speaker 2: And it's great for me, awesome. 84 00:03:20,549 --> 00:03:23,349 Speaker 1: And I was like, Wow, that's really cool that you've 85 00:03:23,389 --> 00:03:24,109 Speaker 1: just freed. 86 00:03:23,869 --> 00:03:24,469 Speaker 2: Yourself of that. 87 00:03:25,229 --> 00:03:26,869 Speaker 1: So and I think it's a generational thing as well 88 00:03:26,909 --> 00:03:28,429 Speaker 1: as lot did you Peel gen zs walking into the 89 00:03:28,429 --> 00:03:30,269 Speaker 1: world going like, why the hell should I bother saving? 90 00:03:30,269 --> 00:03:31,469 Speaker 1: And you've got all these people who are going to 91 00:03:31,509 --> 00:03:34,389 Speaker 1: get their pensions, were already loaded up on all the property. 92 00:03:34,749 --> 00:03:36,669 Speaker 1: We're expected me to work like a slave so he 93 00:03:36,669 --> 00:03:38,389 Speaker 1: can get up there, or I could just enjoy myself 94 00:03:38,869 --> 00:03:40,869 Speaker 1: all The number three has called call number three. 95 00:03:40,909 --> 00:03:41,509 Speaker 2: How old are you? 96 00:03:42,429 --> 00:03:45,189 Speaker 3: Hi? I'm fifty five tomorrow, okay? 97 00:03:45,189 --> 00:03:46,469 Speaker 2: And how much do you have in savings? 98 00:03:47,069 --> 00:03:49,949 Speaker 3: I have just under five grand at the moment, it 99 00:03:50,069 --> 00:03:51,949 Speaker 3: was more, but it's taken a bit of a hit lately. 100 00:03:52,389 --> 00:03:54,869 Speaker 1: Somemer period, Christmas, et cetera. How does it make you 101 00:03:54,869 --> 00:03:56,869 Speaker 1: feel about the calling number two? Twenty six? He's got 102 00:03:56,909 --> 00:03:58,869 Speaker 1: twenty whatever he had eighteen grand or something. 103 00:03:59,989 --> 00:04:02,389 Speaker 3: Yeah, that's good, like I was up around that, so yeah, 104 00:04:02,389 --> 00:04:04,669 Speaker 3: that's really great at that age, they really need to 105 00:04:04,749 --> 00:04:06,109 Speaker 3: keep that going. That's fantastic. 106 00:04:06,389 --> 00:04:08,789 Speaker 2: I love that. So now you just now savings. Is 107 00:04:08,829 --> 00:04:09,749 Speaker 2: it a priority for you? 108 00:04:10,429 --> 00:04:11,069 Speaker 3: Absolutely? 109 00:04:11,389 --> 00:04:12,149 Speaker 2: Yeah? All right? 110 00:04:12,189 --> 00:04:15,509 Speaker 1: So so you are saving for your retirement and later 111 00:04:15,589 --> 00:04:17,789 Speaker 1: in life, like you're not thinking about an overseas trip 112 00:04:17,829 --> 00:04:20,069 Speaker 1: little get away, little little. 113 00:04:20,269 --> 00:04:23,589 Speaker 3: Yeah, absolutely planning a trip overseas, but also for long 114 00:04:23,669 --> 00:04:24,308 Speaker 3: term as well. 115 00:04:24,869 --> 00:04:29,188 Speaker 2: Nice. Yeah you said Tiki to Tiki two is what 116 00:04:29,229 --> 00:04:36,029 Speaker 2: I mentioned Tiki Torch calling him before. Hello, Oh how 117 00:04:36,029 --> 00:04:36,789 Speaker 2: old are you? 118 00:04:37,269 --> 00:04:38,069 Speaker 3: I'm sixty eight. 119 00:04:38,149 --> 00:04:39,428 Speaker 2: How much do you have in savings? 120 00:04:39,669 --> 00:04:42,029 Speaker 3: And look in my general savings account about seven and 121 00:04:42,029 --> 00:04:44,989 Speaker 3: a half thousand dollars, but we've got a lot more 122 00:04:44,988 --> 00:04:46,269 Speaker 3: on superannuation and stuff. 123 00:04:46,349 --> 00:04:49,469 Speaker 2: Yeah no, great, all right, thanks so much you calling. 124 00:04:49,469 --> 00:04:51,389 Speaker 2: Are you unlocking that way? 125 00:04:51,429 --> 00:04:53,549 Speaker 3: I'm lucky that probably in about the next six months. 126 00:04:53,589 --> 00:04:54,189 Speaker 3: Let me tell. 127 00:04:54,069 --> 00:04:59,189 Speaker 2: You what are you doing with this super first? 128 00:04:59,509 --> 00:05:01,229 Speaker 3: So I'll be I'll be flush. 129 00:05:01,469 --> 00:05:04,469 Speaker 2: Oh mate, you'll be half of that flush. Wow. 130 00:05:04,629 --> 00:05:06,109 Speaker 1: Hey you never tried it all holy, I'm all about 131 00:05:06,109 --> 00:05:09,029 Speaker 1: your calling them before. Thanks for calling actually, all you guys, 132 00:05:09,429 --> 00:05:10,909 Speaker 1: you guys are cool, can have Holy Moly batches. 133 00:05:11,029 --> 00:05:12,188 Speaker 2: Go for it, have a great time.