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

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

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

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

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

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

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

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

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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

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

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Speaker 4: for millennials who want financial freedom. Investing can be confusing,

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Speaker 4: especially when there is so much information out there giving

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Speaker 4: you conflicting advice. Fortunately, there are a range of tools

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Speaker 4: available that will help you invest more seamlessly, all of

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Speaker 4: which Victoria Devine uses herself and that will be revealing

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Speaker 4: live on the podcast today.

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Speaker 2: Do you want me to tell everybody that I use them?

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Speaker 4: It adds authority? Okay, trust me. My name is Georgia

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Speaker 4: King and the aforementioned Victoria divine joins me as always

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Speaker 4: V another show all about investing today, figure this time

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Speaker 4: is about the tools that make it all easier. Just

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Speaker 4: how excited to you for today's episode?

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Speaker 2: A medium medium?

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Speaker 5: You know, I'm really excited, but you already yeeded me

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Speaker 5: out and said, O V users these, So obviously I

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Speaker 5: can't have any lead up to be like, oh, I'll

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Speaker 5: find out at the end whether I like it.

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Speaker 2: I can't be like this tool is it good?

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Speaker 4: No, they're all good. These are all good.

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Speaker 2: It's true, it's true. And that is.

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Speaker 4: Literally my first question of today, is you confirming that

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Speaker 4: you do use all of these tools that we're about

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Speaker 4: to dissect. I do actually use all of these tools.

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Speaker 4: And when we were pulling this episode together, we really

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Speaker 4: sat down and had to chat about this because I

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Speaker 4: was like, I don't want to just do a Google

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Speaker 4: of tools, because you can look up investing tools really

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Speaker 4: easily on Google and find out, you know, what the

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Speaker 4: number one is. But this is just what I use

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Speaker 4: and how it works for me. So obviously take all of.

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Speaker 5: This with a grain of salt. Obviously, you don't need

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Speaker 5: all of these to be an investor. These are just

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Speaker 5: handy things that you can have in your toolkit. The

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Speaker 5: tools toolkit perfect so that you can be a more

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Speaker 5: educated and you know, more confident investor. So from my perspective, yeah,

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Speaker 5: I really love all of these. I don't want to

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Speaker 5: be too self promotional.

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Speaker 4: Though, No, no, no, all good they let's hop straight

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Speaker 4: into it. The first tool on our list seems obvious,

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Speaker 4: but it also seems like the perfect place to start,

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Speaker 4: and that is to know your budget. Talk us through

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Speaker 4: why this is so essential to our investing strategy.

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Speaker 5: Now, you guys are not going to be surprised that

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Speaker 5: I started here, and obviously understanding your budget and cash

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Speaker 5: flow is going to put you in a position where

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Speaker 5: you know what you can invest. If you're able to

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Speaker 5: better understand your money, you're able to better create wealth.

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Speaker 5: Like it is a no brainer. I absolutely get so frustrated.

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Speaker 5: G I talk to so many people. They're like, yeah,

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Speaker 5: but budgeting's boring and I don't want to do it.

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Speaker 5: Can you tell me more about investing? I'm like, no,

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Speaker 5: sit down.

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Speaker 2: You have to do your budget. You have to do

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Speaker 2: your cash flow.

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Speaker 5: If you're not every single dollar that's coming in everything

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Speaker 5: that's going out, you're not only going to be far

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Speaker 5: more in control. You're gonna know what's left over to

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Speaker 5: invest with, but you're also going to have.

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Speaker 2: A handle on whether that aligns to your.

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Speaker 5: Values and going to be able to strip back what

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Speaker 5: you're spending to allocate more to investing. Like, let's get

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Speaker 5: it together. It is a very smart idea. Obviously, that

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Speaker 5: is my first step when it comes to figuring out

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Speaker 5: your investment strategy. This process is obviously also going to

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Speaker 5: help you figure out whether you actually have anything to

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Speaker 5: invest or not, or if it's just a bit of

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Speaker 5: a pipe dream at this point, because you know, I

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Speaker 5: don't want to be too negative too early in the podcast,

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Speaker 5: but sometimes I talk to.

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Speaker 2: People like, yeah, I'm gonna start.

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Speaker 5: I'm gonna start, and then we really get into bud

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Speaker 5: and cash flow and you're maybe in a heap of

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Speaker 5: personal debt.

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Speaker 2: I get it.

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Speaker 5: I was so excited to invest when I was in

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Speaker 5: debt too, But paying off your debt is an investment

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Speaker 5: in itself when we really need to prioritize that first.

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Speaker 5: And so from my perspective, like get our financial house

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Speaker 5: in order first, and then we can start our investment

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Speaker 5: journey starts with the budget.

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Speaker 4: Though sorry, nice, nice, It makes sense without sounding too

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Speaker 4: self promotional.

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Speaker 2: Sounding self promotional before it's your turn.

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Speaker 4: We obviously have a budgeting template available on our website,

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Speaker 4: and also there is your Budgeting and cash Flow Masterclass,

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Speaker 4: which I'm feeling could be very helpful for anyone who

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Speaker 4: is having troubles with sorting out their finances.

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Speaker 5: It is a course that is applicable internationally, and as

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Speaker 5: much as it is a course you like, I don't

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Speaker 5: really want to do it, to be honest. A lot

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Speaker 5: of people download it to some of the videos, but

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Speaker 5: the real value of that course is the tool that

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Speaker 5: is included. It is the budget and cash flow spreadsheet

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Speaker 5: that I have created. If you've never used a spreadsheet

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Speaker 5: in your life, I promise you can use this one

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Speaker 5: because I have created overlays so it actually just looks

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Speaker 5: like a very fancy notebook. You just pop all your

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Speaker 5: numbers in. It makes a whole heap of sense. But

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Speaker 5: that is going to enable you to take it to

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Speaker 5: the next level. Show you what bank accounts you need

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Speaker 5: to set up and organize and put you in the

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Speaker 5: best position to be successful. You know, I don't want

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Speaker 5: to go on about it and on about it. If

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Speaker 5: you want to check it out, it is on this

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Speaker 5: she's on the money website. There are a whole heap

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Speaker 5: of like testimonials and like examples and exactly what's included.

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Speaker 5: And then, because you are a pod listener, let's be

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Speaker 5: really self promotional, use the code POD five zero, so

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Speaker 5: pod fifty for fifty bucks off.

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Speaker 4: Because if we.

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Speaker 2: Look after our friends, we certainly do.

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Speaker 4: Next on the list is assessing and understanding our risk

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Speaker 4: profile as a tool. Why is it so very important

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Speaker 4: to understand our risk profile before we start the journey

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Speaker 4: into investing?

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Speaker 2: Do you know what I have you a fit of

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Speaker 2: a laugh about.

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Speaker 5: Over this side of the table, people are going to

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Speaker 5: have started to listen to this podcast being like sick.

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Speaker 5: She's going to give us all these apps we can

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Speaker 5: just download and become super investors. Low joke's on you.

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Speaker 5: These are actual tools that are actually going to help you,

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Speaker 5: not just be an app that you use for a

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Speaker 5: month and then never log back into and then the

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Speaker 5: next time you look at it Apple Icloud's asking you

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Speaker 5: if you really want to download it back from the cloud,

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Speaker 5: Like that is what's going to happen. If I give

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Speaker 5: you just recommendations for investment apps, it's not going to

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Speaker 5: help your risk profile is one of the most powerful tools.

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Speaker 5: First tool we talked about, whether you use my budget

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Speaker 5: and cash fload program or not, is a budget. Having

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Speaker 5: that is tool number one.

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Speaker 2: Having.

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Speaker 5: Tool number two is your risk profile, because once your

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Speaker 5: budget is sorted and you know how much money you

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Speaker 5: have to invest, you need to establish how you want

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Speaker 5: to invest and how that fits with your risk profile.

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Speaker 5: Your risk profiles are like a little bit of a

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Speaker 5: deep dive insight into you Georgia king into you as

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Speaker 5: an individual and what you're willing to put up within

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Speaker 5: the investment world and what you're not and what might

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Speaker 5: feel too risky and what might feel comfortable, so that

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Speaker 5: we're always aligning our investment plans with our goals and

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Speaker 5: with who we are. We've obviously done an entire episode

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Speaker 5: on Cheese on the Money on risk profiles, so have

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Speaker 5: a little bit of a scroll back to that one.

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Speaker 5: But for anyone who is new to Cheese on the Money,

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Speaker 5: I feel like I've just explained.

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Speaker 2: Some of it.

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Speaker 5: But it's essentially a process you go through when you're

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Speaker 5: with a financial advisor, or you can do it on

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Speaker 5: your own to figure out how open or adverse you

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Speaker 5: are to risk or to investing riskly, and from there

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Speaker 5: you're able to set up an investment strategy that fits

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Speaker 5: with your goals and what you're comfortable with. You really

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Speaker 5: can't start investing without understanding your risk profile because it

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Speaker 5: is a bit like analysis paralysis. You'll feel overwhelmed, you'll

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Speaker 5: feel like you don't know where to go, and without

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Speaker 5: a risk profile, the options for investing are endless. When

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Speaker 5: you have a risk profile, it really whittles down the

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Speaker 5: options that are available to you. So, for example, if

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Speaker 5: you're a high growth investor, that's where you'd be looking

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Speaker 5: at individual shares and mutual funds, and you'd be looking

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Speaker 5: at managed accounts. If you are a little bit more

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Speaker 5: conservative and maybe you're sitting in just like a balanced portfolio,

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Speaker 5: maybe an ETF is a good option for you, and

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Speaker 5: maybe some bonds are what you want to dabble in.

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Speaker 5: The things you can and should invest in is going

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Speaker 5: to veery greatly depending on your risk profile, so knowing

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Speaker 5: it is essential.

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Speaker 4: G In terms of that as a tool, V is

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Speaker 4: there like some kind of template we can download, like

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Speaker 4: a little quiz we can do.

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Speaker 2: On the money website?

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Speaker 4: Do you think I do?

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Speaker 2: Do you think I do? I do this? For you,

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Speaker 2: baby be.

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Speaker 4: The next on our list is to have an emergency

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Speaker 4: fund set up so that you never have to sell

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Speaker 4: your assets if your investments don't work out. Why is

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Speaker 4: this a handy tool?

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Speaker 5: Obviously, I encourage absolutely everyone under the sun to have

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Speaker 5: an emergency fund, even if you're not investing yet, even

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Speaker 5: if you're in debt. I'm a big advocate of having

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Speaker 5: an emergency fund even when you're in debt, and the

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Speaker 5: reason is because then you don't have to rely on

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Speaker 5: debt again if another emergency pops up. The reason it's

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Speaker 5: really helpful from an investment perspective is that having a

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Speaker 5: buffer on hand is going to mean that you never

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Speaker 5: need to sell any investments if something pops up. Like

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Speaker 5: if it's all in investments and then you know your

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Speaker 5: car brakes, what are you gonna do, sell it a

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Speaker 5: bad time and cut your losses?

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Speaker 2: Like, that's not what we're investing for.

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Speaker 5: We're investing for the long term so that we put

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Speaker 5: ourselves in a better financial position. And by not having

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Speaker 5: an emergency fund, you're jeopardizing your investment journey.

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Speaker 2: Bad idea. We don't do that. That is not a

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Speaker 2: smart thing to do. She's on the money family member

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Speaker 2: would not do that.

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Speaker 4: She wouldn't.

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Speaker 2: We don't do that.

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Speaker 5: As we talk about on She's on the Money time

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Speaker 5: and time again, I feel like I'm a broken record,

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Speaker 5: which is fine because like one day, every single person

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Speaker 5: in that She's on the Money community is gonna be

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Speaker 5: an active investor and I cannot wait. But if you

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Speaker 5: don't have a you to hold your investments for ten years,

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Speaker 5: it's not worth holding them for ten minutes. If you

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Speaker 5: do have to pull from your investments, that could actually

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Speaker 5: curtail everything you've been working towards and could put you

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Speaker 5: further back than when you started, depending on how the

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Speaker 5: market is situated at the time that you sold the shares.

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Speaker 5: Not a good idea. We don't recommend it. We don't

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Speaker 5: really one out of ten do not recommend. And on

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Speaker 5: that V I know this.

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Speaker 4: Is probably self explanatory, but we shouldn't have our emergency

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Speaker 4: fund in our investments.

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Speaker 5: No, I do not invest our emergency fund. Out of

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Speaker 5: ten idea do not recommend. The reason we don't invest

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Speaker 5: our emergency fund is because we need immediate access to it,

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Speaker 5: and investing does have some barrier to accessing it immediately.

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Speaker 5: But also give your emergency fund some slack. It is

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Speaker 5: doing what it needs to do. That money is working

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Speaker 5: hard for you because it's protecting you. Not every single

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Speaker 5: dollar has to have a nominal return.

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Speaker 4: Brilliant b Let's have a little break there.

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Speaker 2: We love a little break on that to get a smoothie.

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Speaker 4: Yeah, go on. On the other side, we will chat

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Speaker 4: through our final three handy tools for investors. It's gonna

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Speaker 4: go anywhere, green smoothie. Let's go v straight back into it.

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Speaker 4: The next handy tool on our list is the ASX

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Speaker 4: website and it's not.

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Speaker 5: As self promotional as me going You need my budget

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Speaker 5: or a budget and a risk profile and an emergency fund.

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Speaker 5: Those are three very very good tools. Now we're going

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Speaker 5: to explore the world.

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Speaker 4: The world outside of SOTOM tell me all ax, it

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Speaker 4: does not exist.

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Speaker 5: Look, I've written this one down one because the Huster

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Speaker 5: all the time obsessed with them. Thanks guys for being

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Speaker 5: the ogs. But the ASX website is a hub with

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Speaker 5: so much information on it when it comes to the

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Speaker 5: Australian Stock Exchange. It is extremely useful for company information

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Speaker 5: like at a glance. They have like individual company pages

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Speaker 5: and it has tools that enable you to learn more

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Speaker 5: about companies that you might be interested in investing in. It'll

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Speaker 5: tell you immediately what the stock price is, what the

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Speaker 5: historical stock price is. You can deep dive into their company,

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Speaker 5: like everything that you need is going to be there.

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Speaker 5: They also have really great tools which I feel like

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Speaker 5: not enough people take advantage of, like webcasts that you

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Speaker 5: can watch whenever you want, covering off on a range

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Speaker 5: of topics. They also have a whole section on how

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Speaker 5: to start investing, and they have information on every style

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Speaker 5: of investing plan and plenty more. Please take this with

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Speaker 5: a grain of salt, though, yeah, because if you go

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Speaker 5: there and you're like, oh, I'm so excited to, you know,

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Speaker 5: get all of this information, it is definitely a little

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Speaker 5: bit drier than you would get at Cheese on the Money.

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Speaker 2: And I totally get that.

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Speaker 5: I'm all about absorbing as much information as possible, but

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Speaker 5: obviously we could have always googled how to invest. It

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Speaker 5: doesn't mean it's the most engaging content. But the thing

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Speaker 5: I like about it is we know it is correct.

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Speaker 5: It is the ASEX. It is not just some random

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Speaker 5: product website. And that's the next point I want to

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Speaker 5: make about the ASEX website is that it isn't product aligned,

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Speaker 5: which is fantastic, and it means that you're going to

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Speaker 5: receive non bias information and insights on how companies perform.

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Speaker 5: And while they won't tell you what the company does

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Speaker 5: because they're just about performance metrics, you can for free

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Speaker 5: obviously look at stock's performance on that website, and you

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Speaker 5: can google what the company does. Obviously that is easy

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Speaker 5: to do. Other cool features are that you can set

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Speaker 5: alerts and announcements on stocks you might want to buy.

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Speaker 5: So SAG you're like, you know what, I've been looking

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Speaker 5: at this stock, but right now I feel like it's

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Speaker 5: a little bit overpriced. I would buy it if it

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Speaker 5: goes down to this amount. Set an alert, asex will

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Speaker 5: send you an email and say, hey, g that stocks

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Speaker 5: at the price that you want to buy it at,

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Speaker 5: and then you can go and buy it at the

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Speaker 5: price you want to buy it at.

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Speaker 4: That's funny win.

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Speaker 5: And then also the other benefit here is they're not

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Speaker 5: going to spam you like a lot of other platforms

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Speaker 5: that talk about investing content. I mean, we don't do that.

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Speaker 5: But also they're not going to spam you. Often when

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Speaker 5: it comes to investing, there can be lots of emails

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Speaker 5: that get around and not all of them are relevant.

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Speaker 5: But the AX isn't actually going to fill your in

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Speaker 5: box with dense information that you just don't need. Not

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Speaker 5: a sponsored mention as always just good eggs doing good things.

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Speaker 4: So you did touch on my next question V. When

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Speaker 4: I was doing a little bit of reading ahead of

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Speaker 4: today's episode, I did jump on the ASX website. I feel,

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Speaker 4: as someone who is a little intimidated by investing, I

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Speaker 4: found it quite overwhelming in how the information was presented.

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Speaker 5: It was like me, I wanted to mention up front

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Speaker 5: that I was like, look, it is a little bit drier.

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Speaker 5: It's probably not what you want it to be, but

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Speaker 5: when it comes to good information, that's where you're going

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Speaker 5: to find.

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Speaker 4: Some Do you have any tips for like navigating it

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Speaker 4: or should we maybe like starf with She's on the

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Speaker 4: Money and then use the A I.

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Speaker 5: Mean, I would a life start with ses on the

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Speaker 5: Money Because I am trying very hard to cover every

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Speaker 5: single topic for you. But if you want additional information,

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Speaker 5: as I've always said, please don't only rely on our podcast,

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Speaker 5: not because we aren't comprehensive, but because I think there's

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Speaker 5: a lot of power in having a plethora of different

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Speaker 5: places and coming to your own conclusion. My opinion, George's

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Speaker 5: opinion does not mean it is your opinion. Just because

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Speaker 5: we present it in a certain way or give you

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Speaker 5: a certain idea of something doesn't mean that that's going

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Speaker 5: to work for you. So I'm all about looking externally

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Speaker 5: and finding other places to get information. So from my perspective,

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Speaker 5: have a look on their website. They obviously have a

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Speaker 5: search bar. I would use it mostly when I'm looking

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Speaker 5: for something specific, like I want more information on ETFs

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Speaker 5: or I want more information on a particular company. They

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Speaker 5: also have the share Game. So the share Game is

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Speaker 5: a game that you can play with fake money that

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Speaker 5: they run a few times a year, where you can

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Speaker 5: basically trade in the market with fake money, and after

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Speaker 5: a certain period of weeks you can see how you

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Speaker 5: and I think that that's actually a really good way,

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Speaker 5: do you know, do a little bit of testing around

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Speaker 5: share trading with fake money. It's basically like playing Monopoly,

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Speaker 5: which we love. However, yeah, it is a little bit dry.

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Speaker 5: I'm sorry. Sorry, if they're listening, they're not going to

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Speaker 5: be very happy with me, But that's okay. I just

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Speaker 5: think it's important to point it out. The other thing

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Speaker 5: is you can always google it. You can always type

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Speaker 5: in ASX website and then what you're looking for, and

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Speaker 5: Google will tell you what you're looking for on that website.

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Speaker 5: I was about to segue into another website recommendation, but

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Speaker 5: I'm not going to do it because I know you're

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Speaker 5: about to ask perfect.

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Speaker 4: So the next tool V is, of course the surprise.

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Speaker 4: It's the money Smart website and their very handy compound

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Speaker 4: interest calculator.

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Speaker 5: It's not the only thing I want to recommend. The

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Speaker 5: hire website is seek well.

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Speaker 4: It has been over the last few years doing this podcast,

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Speaker 4: the money Smart website has been a really useful tool

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Speaker 4: for helping me get speed with everything writing a lot.

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Speaker 2: But they're not you want to talk government, let me.

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Speaker 4: Know, so tell me more about the compound interest calculator

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Speaker 4: as well as just everything good about the money smart website.

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Speaker 5: All right, So I recommended the ASEX one first. It

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Speaker 5: wasn't because it came first. It was because I wanted

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Speaker 5: you to like build up and be like, oh, okay,

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Speaker 5: that sounds good, but what's better Money Smart's website.

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Speaker 2: It is so good.

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Speaker 5: Obviously different information, though the asex website has a whole

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Speaker 5: heap of stock information and information on companies, whereas the

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Speaker 5: money Smart website is more about financial literacy. My favorite

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Speaker 5: thing on it, it's no secret I have told you

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Speaker 5: about it a billion times publicly, the compound interest calculator.

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Speaker 5: It actually helps you work out what you would make

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Speaker 5: on interest from your investments based on average returns, and

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Speaker 5: compare that to what you would have had if your

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Speaker 5: money had just been stagnantly sitting in a low interest

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Speaker 5: bank account. All of it is customizable, so you can

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Speaker 5: go in and be like, oh, what would happen if

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Speaker 5: I invested five dollars a week or five dollars a month,

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Speaker 5: or five dollars a year or five thousand, Like, you

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Speaker 5: can change all of the metrics. You can change the timeframe,

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Speaker 5: you can change the interest rate, you can change all

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Speaker 5: of it, and it's so friendly. But from my perspective,

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Speaker 5: the best thing about the compound Interest Calculator is the

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Speaker 5: ability to work out what you're currently doing and whether

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Speaker 5: it's enough to create financial freedom. So if you're investing

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Speaker 5: and you're like, yeah, I want to retire early, you

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Speaker 5: need to work out what retiring early means. And I'm

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Speaker 5: going to use exactly the same example as they always do,

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Speaker 5: because I want to get into your heads because then

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Speaker 5: it's scalable on either side. But Georgia, if you are

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Speaker 5: trying to work towards a sixty thousand dollars passive income,

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Speaker 5: you need a one point two million dollar portfolio. So

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Speaker 5: this compound interest calculator is going to tell you whether

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Speaker 5: your current contributions are going to help you get there

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Speaker 5: or maybe you need to make some more. So it's

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Speaker 5: just a cool calculator. Okay, guys, super simple. You plug

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Speaker 5: in all of your information and it tells you what

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Speaker 5: it does. And to be honest, the beauty of this

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Speaker 5: tool is that the maths is easy.

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Speaker 2: You don't have to do it. It tells you.

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Speaker 5: And it has a cute graph to boot free graph.

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Speaker 5: Cute graph we love above it ten out of ten.

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Speaker 5: So you can see what you're working towards and you

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Speaker 5: can see where your hard work is aiming and.

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Speaker 2: Be reminded of way you're doing what you're doing.

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Speaker 4: Love. Yeah, Well it'll help you set those goals as well,

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Speaker 4: won't it.

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Speaker 3: Yeah?

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Speaker 1: Exactly obvious.

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Speaker 4: Yeah, And to be.

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Speaker 5: Honest, it enables you to really work backwards. Like if

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Speaker 5: you're like, oh, well, oh I thought that that was

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Speaker 5: a lot, and I know that it can be a

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Speaker 5: little bit disenchanting sometimes when you jump on this website

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Speaker 5: and you're.

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Speaker 2: Like, oh, I've been investing like two hundred bucks a month.

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Speaker 2: I'm really young. This should equal heaps.

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Speaker 5: And then you're like, ah, it's not going to get

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Speaker 5: me to the goal I thought I would get to.

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Speaker 5: That's okay, because during different seasons of our life, we

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Speaker 5: have more or less to invest, so it might not

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Speaker 5: be always that it's just this amount per month. That

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Speaker 5: could be more later, or you could just be creating

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Speaker 5: a plan because you don't actually have the ability to

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Speaker 5: invest right now. But you're like, okay, well, I know

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Speaker 5: that in five years I'll probably have the ability to invest.

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Speaker 5: Whether you're a UNI student or you just don't have

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Speaker 5: free cash flow at the moment, or you're a single

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Speaker 5: mom and you're like, I cannot wait until my kids

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Speaker 5: get to school so I can start earning an income again,

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Speaker 5: Like you can make a plan for the future so

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Speaker 5: you feel more financially secure. Financial security doesn't just come

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Speaker 5: from having cash in the bank. It comes from also

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Speaker 5: having a plan, and to me, this calculator helps you

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Speaker 5: do that too.

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Speaker 4: So nice.

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Speaker 2: We love I love it too.

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Speaker 4: Other great things about the Money Smart website from my experience,

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Speaker 4: just include how easy to understand. Their definitions are about

443
00:19:16,359 --> 00:19:18,880
Speaker 4: a lot of things. I've got great things very well. Yeah,

444
00:19:19,160 --> 00:19:21,760
Speaker 4: they just really simplify it all down, but it's very

445
00:19:21,800 --> 00:19:23,280
Speaker 4: similar to what we try to do it She's on

446
00:19:23,320 --> 00:19:26,400
Speaker 4: the Money. So love their work. Thank you the government.

447
00:19:27,480 --> 00:19:28,720
Speaker 2: Thanks the government.

448
00:19:29,880 --> 00:19:33,520
Speaker 4: This takes us to our very last tool of.

449
00:19:33,480 --> 00:19:36,160
Speaker 2: The day, which self indulge.

450
00:19:37,280 --> 00:19:41,000
Speaker 4: It is, of course, your brand new book investing with

451
00:19:41,160 --> 00:19:44,280
Speaker 4: She's on the Money. Talk us through it, my girl,

452
00:19:44,440 --> 00:19:47,440
Speaker 4: tell me all about it and how it will help

453
00:19:47,480 --> 00:19:49,080
Speaker 4: people start investing.

454
00:19:49,320 --> 00:19:51,359
Speaker 5: I like that the note you've put under this question

455
00:19:51,440 --> 00:19:54,919
Speaker 5: literally just says VD go on rant like, thank you.

456
00:19:54,960 --> 00:19:56,440
Speaker 2: Georgia King in a good way.

457
00:19:56,760 --> 00:19:59,960
Speaker 5: Obviously, I've written this book because you guys asked for it,

458
00:20:00,080 --> 00:20:02,840
Speaker 5: and I am eternally grateful that after my first book,

459
00:20:02,880 --> 00:20:05,560
Speaker 5: you actually wanted more content, because I was terrified that

460
00:20:05,640 --> 00:20:08,639
Speaker 5: it would be a complete plunk. So it's very cool

461
00:20:08,680 --> 00:20:10,800
Speaker 5: to know that you guys are interested in learning more

462
00:20:10,840 --> 00:20:13,600
Speaker 5: about investing. I think it was very necessary as well,

463
00:20:13,640 --> 00:20:15,960
Speaker 5: because obviously it's not the first investment book on the market.

464
00:20:16,119 --> 00:20:18,440
Speaker 5: It's not even the first investment book written by woman

465
00:20:18,480 --> 00:20:20,840
Speaker 5: on the market, but it is the first one that

466
00:20:20,880 --> 00:20:24,320
Speaker 5: I think genuinely takes into consideration you as an individual

467
00:20:24,359 --> 00:20:27,040
Speaker 5: and your thoughts and feelings and values and beliefs and

468
00:20:27,080 --> 00:20:30,280
Speaker 5: behaviors in addition to actually what you need to do

469
00:20:30,359 --> 00:20:33,120
Speaker 5: to get there, because I think too many times it's

470
00:20:33,359 --> 00:20:37,560
Speaker 5: you know, stereotypical white male written books, or they feel

471
00:20:37,600 --> 00:20:39,560
Speaker 5: like white male written books, even if it was written

472
00:20:39,600 --> 00:20:41,760
Speaker 5: by a woman, that just doesn't have that level of empathy.

473
00:20:42,080 --> 00:20:44,640
Speaker 5: So as much as you know, you guys might be going,

474
00:20:44,680 --> 00:20:48,160
Speaker 5: I don't need empathy, Victoria, just need the information. It's

475
00:20:48,240 --> 00:20:51,520
Speaker 5: so important that you also have buy in and you

476
00:20:51,640 --> 00:20:53,960
Speaker 5: understand why you're doing what you're doing, and that's why

477
00:20:54,040 --> 00:20:57,000
Speaker 5: I do what I do. So the Investing Book is

478
00:20:57,040 --> 00:20:59,080
Speaker 5: really taking it to the next level. If you read

479
00:20:59,080 --> 00:21:00,960
Speaker 5: the first book, you know that there is a chapter

480
00:21:01,040 --> 00:21:03,840
Speaker 5: in there about investing, but that really just scratches the

481
00:21:03,880 --> 00:21:07,040
Speaker 5: surface of why it's important and gives you some basics,

482
00:21:07,200 --> 00:21:10,119
Speaker 5: whereas this really deep dives and I've tried to structure it.

483
00:21:10,119 --> 00:21:12,199
Speaker 5: And I don't say this in the book because you know,

484
00:21:12,520 --> 00:21:14,800
Speaker 5: it's just how I've tried to write it, But I

485
00:21:14,880 --> 00:21:16,960
Speaker 5: really tried to structure it in the same way I

486
00:21:16,960 --> 00:21:19,560
Speaker 5: would have created a statement of advice for a client.

487
00:21:19,880 --> 00:21:22,800
Speaker 5: So I go through the same process with you in

488
00:21:22,840 --> 00:21:25,480
Speaker 5: each chapter, so we do the same tick points. So

489
00:21:25,520 --> 00:21:27,480
Speaker 5: obviously it's going to start with a fact finder and

490
00:21:27,560 --> 00:21:30,200
Speaker 5: understanding where you're at. Then we'll talk about risk, then

491
00:21:30,240 --> 00:21:32,800
Speaker 5: we'll talk about all of the things that come after that.

492
00:21:33,160 --> 00:21:35,520
Speaker 5: And I think that by taking you down that guard

493
00:21:35,560 --> 00:21:38,200
Speaker 5: and path in a way, you're going to create your

494
00:21:38,240 --> 00:21:40,880
Speaker 5: own investment plan. You're going to work out not only

495
00:21:40,920 --> 00:21:43,320
Speaker 5: what your goals, your values, what you can contribute are,

496
00:21:43,560 --> 00:21:45,440
Speaker 5: but you're also going to take it to that next

497
00:21:45,480 --> 00:21:48,680
Speaker 5: level and pick and then implement. And I have spent

498
00:21:48,880 --> 00:21:51,080
Speaker 5: so long, Georgia, I know you have the book. I

499
00:21:51,080 --> 00:21:52,479
Speaker 5: don't know if you've gotten to page I think it's

500
00:21:52,480 --> 00:21:54,600
Speaker 5: one hundred and fifty six. One hundred and fifty six

501
00:21:54,640 --> 00:21:57,480
Speaker 5: or one hundred and fifty nine, I cannot remember. But

502
00:21:58,000 --> 00:22:00,959
Speaker 5: at that point in the book, there is actually this

503
00:22:01,119 --> 00:22:05,199
Speaker 5: really fancy table that I've made. It's basically comparing all

504
00:22:05,240 --> 00:22:07,920
Speaker 5: of the popular investment platforms that she's on the moning

505
00:22:07,960 --> 00:22:11,640
Speaker 5: community usually has access to in a really simple way.

506
00:22:11,720 --> 00:22:13,920
Speaker 5: It's a table. It has their names down the side.

507
00:22:14,040 --> 00:22:16,359
Speaker 5: It has ticks to say it invests here, it doesn't

508
00:22:16,359 --> 00:22:19,440
Speaker 5: invest here, It has the fees, It has the additional

509
00:22:19,480 --> 00:22:22,199
Speaker 5: information you need so that you can basically go to

510
00:22:22,240 --> 00:22:24,280
Speaker 5: that chart after you've read the rest of the book,

511
00:22:24,359 --> 00:22:26,359
Speaker 5: like don't just skip. I mean, I shouldn't be telling

512
00:22:26,400 --> 00:22:28,480
Speaker 5: you this, but don't just skip to the end. But

513
00:22:28,560 --> 00:22:30,560
Speaker 5: it basically will enable you to go, all right, well,

514
00:22:30,600 --> 00:22:32,439
Speaker 5: this is the platform that makes the most sense to

515
00:22:32,480 --> 00:22:35,439
Speaker 5: me because I wanted ABC and D and here it

516
00:22:35,520 --> 00:22:37,359
Speaker 5: is on a platter so that I can make the

517
00:22:37,400 --> 00:22:40,520
Speaker 5: right decision, because working in Australia means that I can't

518
00:22:40,520 --> 00:22:42,280
Speaker 5: just spoon feed you the information and say this is

519
00:22:42,280 --> 00:22:45,560
Speaker 5: the best platform. There's no such thing in reality, because

520
00:22:45,600 --> 00:22:48,679
Speaker 5: different things work for different people. But I've taken you

521
00:22:48,720 --> 00:22:50,840
Speaker 5: down the garden path so that you can work out

522
00:22:50,920 --> 00:22:53,560
Speaker 5: what works for you. And I think that it's something

523
00:22:53,600 --> 00:22:56,000
Speaker 5: I'm really proud of. To be honest, it took a

524
00:22:56,160 --> 00:22:59,679
Speaker 5: long time to get to that, but genuinely, hopefully by

525
00:22:59,720 --> 00:23:02,240
Speaker 5: the end of it you have your investment plan.

526
00:23:02,680 --> 00:23:04,840
Speaker 4: And you should be very proud of it. My girl

527
00:23:04,960 --> 00:23:08,880
Speaker 4: can confirm it's bloody brilliant. Would you recommend it? For

528
00:23:09,400 --> 00:23:11,920
Speaker 4: new investors or people that like know a little bit

529
00:23:12,040 --> 00:23:14,159
Speaker 4: or like how far along the journey should people be

530
00:23:14,200 --> 00:23:15,359
Speaker 4: who are turning to this book.

531
00:23:15,480 --> 00:23:18,560
Speaker 5: It is definitely for beginners and intermediate investors. I mean,

532
00:23:18,600 --> 00:23:21,639
Speaker 5: if you're a really accomplished investor, you're probably going to

533
00:23:21,680 --> 00:23:24,640
Speaker 5: go v I know. But if you are a beginner

534
00:23:24,720 --> 00:23:27,560
Speaker 5: or you're an intermediate investor, it doesn't matter. If you've

535
00:23:27,560 --> 00:23:29,920
Speaker 5: never invested before, or you've been investing for a few

536
00:23:30,000 --> 00:23:31,760
Speaker 5: years and you're just like, all right, well, I've been

537
00:23:31,760 --> 00:23:35,119
Speaker 5: doing this, you know, this rodeo all by myself, and

538
00:23:35,160 --> 00:23:37,560
Speaker 5: I just want a better plan. I think that's where

539
00:23:37,720 --> 00:23:40,480
Speaker 5: it would come in handy. But to be honest, I've

540
00:23:40,480 --> 00:23:43,000
Speaker 5: tried to make it everything to everybody in a way,

541
00:23:43,320 --> 00:23:45,000
Speaker 5: but in the investment space.

542
00:23:44,840 --> 00:23:46,919
Speaker 4: Yeah, yeah, brilliant. And would you say you need to

543
00:23:46,920 --> 00:23:49,360
Speaker 4: read the first book first and then progress to investing

544
00:23:49,400 --> 00:23:51,640
Speaker 4: this year's on the line good questions?

545
00:23:52,400 --> 00:23:55,479
Speaker 5: Yes and no, yes, because obviously I am a staunch

546
00:23:55,520 --> 00:23:57,639
Speaker 5: advocate of doing your budget, your cash flow, and getting

547
00:23:57,640 --> 00:24:00,520
Speaker 5: your financial house in order before you in there, Like

548
00:24:00,560 --> 00:24:03,080
Speaker 5: I want you to have those financial fundamentals, and that's

549
00:24:03,119 --> 00:24:06,040
Speaker 5: what She's on the Money is about investing with She's

550
00:24:06,080 --> 00:24:08,520
Speaker 5: on the Money, though, can be read in isolation. I

551
00:24:08,560 --> 00:24:10,360
Speaker 5: have read it so that you don't feel like you're

552
00:24:10,359 --> 00:24:12,879
Speaker 5: coming into part two of a story you didn't understand.

553
00:24:13,560 --> 00:24:17,360
Speaker 5: But it definitely is more investment focused, and I definitely

554
00:24:17,359 --> 00:24:19,439
Speaker 5: recommend reading the first and then the second.

555
00:24:19,640 --> 00:24:21,679
Speaker 2: But if you don't want that, then don't do it.

556
00:24:21,800 --> 00:24:23,840
Speaker 2: That's cool, It'll still serve the purpose.

557
00:24:23,920 --> 00:24:26,399
Speaker 4: Yes, bloody brilliant. All right, but was there anything you

558
00:24:26,480 --> 00:24:27,800
Speaker 4: wanted to add today?

559
00:24:28,160 --> 00:24:29,680
Speaker 2: I think it is time to wrap the boring but

560
00:24:29,840 --> 00:24:32,400
Speaker 2: important stuff. George King? Can you read it out?

561
00:24:32,520 --> 00:24:33,119
Speaker 4: Of course?

562
00:24:33,240 --> 00:24:33,760
Speaker 1: I can.

563
00:24:33,920 --> 00:24:36,399
Speaker 4: Please remember, guys that the advice shed on She's on

564
00:24:36,440 --> 00:24:38,960
Speaker 4: the Money is general in nature and does not consider

565
00:24:39,119 --> 00:24:42,919
Speaker 4: your individual circumstances. She's on the Money exists purely for

566
00:24:43,080 --> 00:24:45,760
Speaker 4: educational purposes and should not be relied upon to make

567
00:24:45,800 --> 00:24:49,720
Speaker 4: an investment or a financial decision. And we promise Victoria

568
00:24:49,760 --> 00:24:52,960
Speaker 4: Divine and She's on the Money are authorized representatives of

569
00:24:53,040 --> 00:24:57,480
Speaker 4: Infocused Securities Australia Proprietly Limited, ABN for seven zero nine

570
00:24:57,520 --> 00:25:00,240
Speaker 4: seven seven nine seven zero four nine afosal it three

571
00:25:00,320 --> 00:25:01,440
Speaker 4: six five two three.

572
00:25:01,840 --> 00:25:03,880
Speaker 2: See you on Friday, guys, you will.

573
00:25:03,960 --> 00:25:04,520
Speaker 4: Bye, guys,