Speaker 1: Hello, my name's Sanatasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow. Let's get into it.
Speaker 2: She's on the Money, She's on the Money.
Speaker 3: Hello, and welcome to She's on the Money, the podcast
Speaker 3: for millennials who want financial freedom. Investing can be confusing,
Speaker 3: especially when there is so much information out there giving
Speaker 3: you conflicting advice. Fortunately, there are a range of tools
Speaker 3: available that will help you invest more seamlessly, all of
Speaker 3: which Victoria Devine uses herself and that will be revealing
Speaker 3: live on the podcast today.
Speaker 4: Do you want me to tell everybody that I use them?
Speaker 3: It adds authority?
Speaker 1: Okay, trust me.
Speaker 3: My name is Georgia King and the aforementioned Victoria divine
Speaker 3: joins me as always V another show all about investing today,
Speaker 3: figure this time is about the tools that make it
Speaker 3: all easier. Just how excited to you for today's episode?
Speaker 4: A medium medium? You know, I'm really excited, but you
Speaker 4: already yeeded me out and said, O V users these,
Speaker 4: So obviously I can't have any lead up to be like, oh,
Speaker 4: I'll find out at the end whether I like it.
Speaker 4: I can't be like this tool is it good?
Speaker 3: No, they're all good. These are all good.
Speaker 4: It's true, it's true.
Speaker 3: And that is literally my first question of today, is
Speaker 3: you confirming that you do use all of these tools
Speaker 3: that we're.
Speaker 4: About to dissect. I do actually use all of these tools.
Speaker 4: And when we were pulling this episode together, we really
Speaker 4: sat down and had to chat about this because I
Speaker 4: was like, I don't want to just do a Google
Speaker 4: of tools, because you can look up investing tools really
Speaker 4: easily on Google and find out, you know, what the
Speaker 4: number one is. But this is just what I use
Speaker 4: and how it works for me. So obviously take all
Speaker 4: of this with a grain of salt. Obviously, you don't
Speaker 4: need all of these to be an investor. These are
Speaker 4: just handy things that you can have in your toolkit.
Speaker 4: The tools toolkit perfect so that you can be a
Speaker 4: more educated and you know, more confident investor. So from
Speaker 4: my perspective, yeah, I really love all of these. I
Speaker 4: don't want to be too self promotional.
Speaker 3: Though, No, no, no, all good they Let's hop straight
Speaker 3: into it. The first tool on our list seems obvious,
Speaker 3: but it also seems like the perfect place to start,
Speaker 3: and that is to know your budget. Talk us through
Speaker 3: why this is so essential to our investing strategy.
Speaker 4: Now, you guys are not going to be surprised that
Speaker 4: I started here, and obviously understanding your budget and cash
Speaker 4: flow is going to put you in a position where
Speaker 4: you know what you can invest. If you're able to
Speaker 4: better understand your money, you're able to better create wealth.
Speaker 4: Like it is a no brainer. I absolutely get so frustrated.
Speaker 4: G I talk to so many people. They're like, yeah,
Speaker 4: but budgeting's boring and I don't want to do it.
Speaker 4: Can you tell me more about investing? I'm like, no,
Speaker 4: sit down. You have to do your budget, you have
Speaker 4: to do your cash flow. If you're know every single
Speaker 4: dollar that's coming in, everything that's going out, you're not
Speaker 4: only going to be far more in control. You're gonna
Speaker 4: know what's left over to invest with, but you're also
Speaker 4: going to have a handle on whether that aligns to
Speaker 4: your values and going to be able to strip back
Speaker 4: what you're spending to allocate more to investing. Like, let's
Speaker 4: get it together. It is a very smart idea. Obviously,
Speaker 4: that is my first step when it comes to figuring
Speaker 4: out your investment strategy. This process is obviously also going
Speaker 4: to help you figure out whether you actually have anything
Speaker 4: to invest or not, or if it's just a bit
Speaker 4: of a pipe dream at this point, because you know,
Speaker 4: I don't want to be too negative too early in
Speaker 4: the podcast, but sometimes I talk to people like, yeah,
Speaker 4: I'm gonna start. I'm gonna start, and then we really
Speaker 4: get into bud and cash flow and you're maybe in
Speaker 4: a heap of personal debt. I get it. I was
Speaker 4: so excited to invest when I was in debt too,
Speaker 4: But paying off your debt is an investment in itself
Speaker 4: when we really need to prioritize that first. And so
Speaker 4: from my perspective, like get our financial house in order first,
Speaker 4: and then we can start our investment journey starts with
Speaker 4: the budget.
Speaker 3: Though sorry, nice, nice, It makes sense without sounding too
Speaker 3: self promotional.
Speaker 4: Sounding self promotional before it's your turn.
Speaker 3: We obviously have a budgeting template available on our website,
Speaker 3: and also there is your Budgeting and cash Flow Masterclass,
Speaker 3: which I'm feeling could be very helpful for anyone who
Speaker 3: is having troubles with sorting out their finances.
Speaker 4: It is a course that is applicable internationally, and as
Speaker 4: much as it is a course you like, I don't
Speaker 4: really want to do it, to be honest. A lot
Speaker 4: of people download it to some of the videos, but
Speaker 4: the real value of that course is the tool that
Speaker 4: is included. It is the budget and cash flow spreadsheet
Speaker 4: that I have created. If you've never used a spreadsheet
Speaker 4: in your life, I promise you can use this one
Speaker 4: because I have created overlays so it actually just looks
Speaker 4: like a very fancy notebook. You just pop all your
Speaker 4: numbers in. It makes a whole heap of sense. But
Speaker 4: that is going to enable you to take it to
Speaker 4: the next level. Show you what bank accounts you need
Speaker 4: to set up and organize and put you in the
Speaker 4: best position to be successful. You know, I don't want
Speaker 4: to go on about it and on about it. If
Speaker 4: you want to check it out, it is on this
Speaker 4: she's on the money website. There are a whole heap
Speaker 4: of like testimonials and like examples and exactly what's included.
Speaker 4: And then, because you are a pod listener, let's be
Speaker 4: really self promotional, use the code POD five zero, so
Speaker 4: pod fifty for fifty bucks off.
Speaker 3: Because if we look after our friends, we certainly do.
Speaker 3: Next on the list is assessing and understanding our risk
Speaker 3: profile as a tool. Why is it so very important
Speaker 3: to understand our risk profile before we start the journey
Speaker 3: into investing?
Speaker 4: Do you know what I have you a fit of
Speaker 4: a laugh about. Over this side of the table, people
Speaker 4: are going to have started to listen to this podcast
Speaker 4: being like sick. She's going to give us all these
Speaker 4: apps we can just download and become super investors. Low
Speaker 4: joke's on you. These are actual tools that are actually
Speaker 4: going to help you, not just be an app that
Speaker 4: you use for a month and then never log back
Speaker 4: into and then the next time you look at it
Speaker 4: Apple Icloud's asking you if you really want to download
Speaker 4: it back from the cloud, Like that is what's going
Speaker 4: to happen. If I give you just recommendations for investment apps,
Speaker 4: it's not going to help your risk profile is one
Speaker 4: of the most powerful tools. First tool we talked about,
Speaker 4: whether you use my budget and cash fload program or not,
Speaker 4: is a budget. Having that is tool number one. Having.
Speaker 4: Tool number two is your risk profile, because once your
Speaker 4: budget is sorted and you know how much money you
Speaker 4: have to invest, you need to establish how you want
Speaker 4: to invest and how that fits with your risk profile.
Speaker 4: Your risk profiles are like a little bit of a
Speaker 4: deep dive insight into you Georgia king into you as
Speaker 4: an individual and what you're willing to put up within
Speaker 4: the investment world and what you're not and what might
Speaker 4: feel too risky and what might feel comfortable, so that
Speaker 4: we're always aligning our investment plans with our goals and
Speaker 4: with who we are. We've obviously done an entire episode
Speaker 4: on Cheese on the Money on risk profiles, so have
Speaker 4: a little bit of a scroll back to that one.
Speaker 4: But for anyone who is new to Cheese on the Money,
Speaker 4: I feel like I've just explained some of it. But
Speaker 4: it's essentially a process you go through when you're with
Speaker 4: a financial advisor, or you can do it on your
Speaker 4: own to figure out how open or adverse you are
Speaker 4: to risk or to investing riskly and from there you're
Speaker 4: able to set up an investment strategy that fits with
Speaker 4: your goals and what you're comfortable with. You really can't
Speaker 4: start investing without understanding your risk profile because it is
Speaker 4: a bit like analysis paralysis. You'll feel overwhelmed, you'll feel
Speaker 4: like you don't know where to go, and without a
Speaker 4: risk profile, the options for investing are endless. When you
Speaker 4: have a risk profile, it really whittles down the options
Speaker 4: that are available to you. So, for example, if you're
Speaker 4: a high growth investor, that's where you'd be looking at
Speaker 4: individual shares and mutual funds, and you'd be looking at
Speaker 4: managed accounts. If you are a little bit more conservative,
Speaker 4: and maybe you're sitting in just like a balanced portfolio,
Speaker 4: maybe an ETF is a good option for you, and
Speaker 4: maybe some bonds are what you want to dabble in.
Speaker 4: The things you can and should invest in is going
Speaker 4: to veer greatly depending on your risk profile, so knowing
Speaker 4: it is essential.
Speaker 3: G In terms of that as a tool, V is
Speaker 3: there like some kind of template we can download, like
Speaker 3: a little quiz we can do the.
Speaker 4: Head on the money website?
Speaker 3: Do you think I do?
Speaker 4: Do you think I do? I do this for you,
Speaker 4: baby be.
Speaker 3: The next on our list is to have an emergency
Speaker 3: fund set up so that you never have to sell
Speaker 3: your assets if your investments don't work out. Why is
Speaker 3: this a handy tool?
Speaker 4: Obviously, I encourage absolutely everyone under the sun to have
Speaker 4: an emergency fund, even if you're not investing yet, even
Speaker 4: if you're in debt. I'm a big advocate of having
Speaker 4: an emergency fund even when you're in debt. And the
Speaker 4: reason is because then you don't have to rely on
Speaker 4: debt again if another emergency pops up. The reason it's
Speaker 4: really helpful from an investment perspective is that having a
Speaker 4: buffer on hand is going to mean that you never
Speaker 4: need to sell any investments if something pops up. Like
Speaker 4: if it's all in investments and then you know your
Speaker 4: car brakes, what are you gonna do, sell it a
Speaker 4: bad time and cut your losses, Like, that's not what
Speaker 4: we're investing for. We're investing for the long term so
Speaker 4: that we put ourselves in a better financial position. And
Speaker 4: by not having an emergency fund, you're jeopardizing your investment journey.
Speaker 4: Bad idea. We don't do that. That is not a
Speaker 4: smart thing to do. She's on the Money family member
Speaker 4: would not do that.
Speaker 3: She wouldn't.
Speaker 4: We don't do that. As we talk about on She's
Speaker 4: on the Money time and time again, I feel like
Speaker 4: I'm a broken record, which is fine because like one day,
Speaker 4: every single person in that She's on the Money community
Speaker 4: is gonna be an active investor and I cannot wait.
Speaker 4: But if you don't have a you to hold your
Speaker 4: investments for ten years, it's not worth holding them for
Speaker 4: ten minutes. If you do have to pull from your investments,
Speaker 4: that could actually curtail everything you've been working towards and
Speaker 4: could put you further back than when you started, depending
Speaker 4: on how the market is situated at the time that
Speaker 4: you sold the shares. Not a good idea. We don't
Speaker 4: recommend it. We don't really one out of ten do
Speaker 4: not recommend. And on that V I know this.
Speaker 3: Is probably self explanatory, but we shouldn't have our emergency
Speaker 3: fund in our investments.
Speaker 4: No, I do not invest our emergency fund. Out of
Speaker 4: ten idea do not recommend. The reason we don't invest
Speaker 4: our emergency fund is because we need immediate access to it,
Speaker 4: and investing does have some barrier to accessing it immediately.
Speaker 4: But also give your emergency fund some slack. It is
Speaker 4: doing what it needs to do. That money is working
Speaker 4: hard for you because it's protecting you. Not every single
Speaker 4: dollar has to have a nominal return.
Speaker 3: Brilliant b Let's have a little break there.
Speaker 4: We love a little break on that to get a smoothie.
Speaker 3: Yeah, go on. On the other side, we will chat
Speaker 3: through our final three handy tools for investors. It's gonna
Speaker 3: go anywhere, green smoothie. Let's go v straight back into it.
Speaker 3: The next handy tool on our list is the ASX
Speaker 3: website and it's.
Speaker 4: Not as self promotional as me going you need my
Speaker 4: budget or a budget and a risk profile and an
Speaker 4: emergency fund. Those are three very very good tools. Now
Speaker 4: we're going to explore the world.
Speaker 3: The world outside of SOTOM tell me all ax, it
Speaker 3: does not exist.
Speaker 4: Look, I've written this one down one because the Huster
Speaker 4: all the time obsessed with them. Thanks guys for being
Speaker 4: the ogs. But the ASX website is a hub with
Speaker 4: so much information on it when it comes to the
Speaker 4: Australian Stock Exchange. It is extremely useful for company information
Speaker 4: like at a glance. They have like individual company pages
Speaker 4: and it has tools that enable you to learn more
Speaker 4: about companies that you might be interested in investing in. It'll
Speaker 4: tell you immediately what the stock price is, what the
Speaker 4: historical stock price is. You can deep dive into their company,
Speaker 4: like everything that you need is going to be there.
Speaker 4: They also have really great tools which I feel like
Speaker 4: not enough people take advantage of, like webcasts that you
Speaker 4: can watch whenever you want, covering off on a range
Speaker 4: of topics. They also have a whole section on how
Speaker 4: to start investing, and they have information on every style
Speaker 4: of investing plan and plenty more. Please take this with
Speaker 4: a grain of salt, though, yeah, because if you go
Speaker 4: there and you're like, oh, I'm so excited to, you know,
Speaker 4: get all of this information, it is definitely a little
Speaker 4: bit drier than you would get at Cheese on the Money.
Speaker 4: And I totally get that. I'm all about absorbing as
Speaker 4: much information as possible, but obviously we could have always
Speaker 4: googled how to invest. It doesn't mean it's the most
Speaker 4: engaging content. But the thing I like about it is
Speaker 4: we know it is correct. It is the ASEX. It
Speaker 4: is not just some random product website. And that's the
Speaker 4: next point I want to make about the ASEX website
Speaker 4: is that it isn't product aligned, which is fantastic, and
Speaker 4: it means that you're going to receive non bias information
Speaker 4: and insights on how companies perform. And while they won't
Speaker 4: tell you what the company does because they're just about
Speaker 4: performance metrics, you can for free obviously look at stock's
Speaker 4: performance on that website, and you can google what the
Speaker 4: company does. Obviously that is easy to do. Other cool
Speaker 4: features are that you can set alerts and announcements on
Speaker 4: stocks you might want to buy. So SAG you're like,
Speaker 4: you know what, I've been looking at this stock, but
Speaker 4: right now I feel like it's a little bit overpriced.
Speaker 4: I would buy it if it goes down to this amount.
Speaker 4: Set an alert, asex will send you an email and say, hey,
Speaker 4: g that stocks at the price that you want to
Speaker 4: buy it at, and then you can go and buy
Speaker 4: it at the price you want to buy it at.
Speaker 3: That's funny win.
Speaker 4: And then also the other benefit here is they're not
Speaker 4: going to spam you like a lot of other platforms
Speaker 4: that talk about investing content. I mean, we don't do that.
Speaker 4: But also they're not going to spam you. Often when
Speaker 4: it comes to investing, there can be lots of emails
Speaker 4: that get around and not all of them are relevant.
Speaker 4: But the AX isn't actually going to fill your in
Speaker 4: box with dense information that you just don't need, not
Speaker 4: a sponsored mention as always just good eggs doing good things.
Speaker 3: So you did touch on my next question V. When
Speaker 3: I was doing a little bit of reading ahead of
Speaker 3: today's episode, I did jump on the ASX website. I
Speaker 3: feel as someone who is a little intimidated by investing,
Speaker 3: I found it quite overwhelming in how the information was presented.
Speaker 4: It was like me, I wanted to mention upfront that
Speaker 4: I was like, look, it is a little bit drier.
Speaker 4: It's probably not what you want it to be. But
Speaker 4: when it comes to good information, that's where you're going
Speaker 4: to find.
Speaker 3: Some Do you have any tips for like navigating it
Speaker 3: or should we maybe like starf with She's on the
Speaker 3: Money and then use the A.
Speaker 4: I mean, I would a life start with ses on
Speaker 4: the Money Because I am trying very hard to cover
Speaker 4: every single topic for you. But if you want additional information,
Speaker 4: as I've always said, please don't only rely on our podcast,
Speaker 4: not because we aren't comprehensive, but because I think there's
Speaker 4: a lot of power in having a plethora of different
Speaker 4: places and coming to your own conclusion. My opinion, George's
Speaker 4: opinion does not mean it is your opinion. Just because
Speaker 4: we present it in a certain way or give you
Speaker 4: a certain idea of something doesn't mean that that's going
Speaker 4: to work for you. So I'm all about looking externally
Speaker 4: and finding other places to get information. So from my perspective,
Speaker 4: have a look on their website. They obviously have a
Speaker 4: search bar. I would use it mostly when I'm looking
Speaker 4: for something specific, like I want more information on ETFs
Speaker 4: or I want more information on a particular company. They
Speaker 4: also have the share Game. So the share Game is
Speaker 4: a game that you can play with fake money that
Speaker 4: they run a few times a year, where you can
Speaker 4: basically trade in the market with fake money, and after
Speaker 4: a certain period of weeks you can see how you
Speaker 4: and I think that that's actually a really good way,
Speaker 4: do you know, do a little bit of testing around
Speaker 4: share trading with fake money. It's basically like playing Monopoly,
Speaker 4: which we love. However, yeah, it is a little bit dry.
Speaker 4: I'm sorry. Sorry, if they're listening, they're not going to
Speaker 4: be very happy with me, But that's okay. I just
Speaker 4: think it's important to point it out The other thing
Speaker 4: is you can always google it. You can always type
Speaker 4: in ASX website and then what you're looking for, and
Speaker 4: Google will tell you what you're looking for on that website.
Speaker 4: I was about to segue into another website recommendation, but
Speaker 4: I'm not going to do it because I know you're
Speaker 4: about to ask perfect.
Speaker 3: So the next tool V is, of course the surprise.
Speaker 3: It's the money Smart website and their very handy compound
Speaker 3: interest calculator.
Speaker 4: It's not the only thing I want to recommend. The
Speaker 4: entire website is seek well.
Speaker 3: It has been, and over the last few years doing
Speaker 3: this podcast, the money Smart website has been a really
Speaker 3: useful tool for helping me get speed with everything writing
Speaker 3: a lot.
Speaker 4: But they're not you want to talk government, let me.
Speaker 3: Know, so tell me more about the compound interest calculator
Speaker 3: as well as just everything good about the money smart website.
Speaker 4: All right, So I recommended the ASEX one first. It
Speaker 4: wasn't because it came first. It was because I wanted
Speaker 4: you to like build up and be like, oh, okay,
Speaker 4: that sounds good, but what's better Money Smart's website. It
Speaker 4: is so good. Obviously different information though the asex website
Speaker 4: has a whole heap of stock information and information on companies,
Speaker 4: whereas the money Smart website is more about financial literacy.
Speaker 4: My favorite thing on it, it's no secret I have
Speaker 4: told you about it a billion times publicly, the compound
Speaker 4: Interest Calculator. It actually helps you work out what you
Speaker 4: would make on interest from your investments based on average returns,
Speaker 4: and compare that to what you would have had if
Speaker 4: your money had just been stagnantly sitting in a low
Speaker 4: interest bank account. All of it is customizable, so you
Speaker 4: can go in and be like, oh, what would happen
Speaker 4: if I invested five dollars a week or five dollars
Speaker 4: a month, or five dollars a year or five thousand Like,
Speaker 4: you can change all of the metrics. You can change
Speaker 4: the timeframe, you can change the interest rate, you can
Speaker 4: change all of it, and it's so friendly. But from
Speaker 4: my perspective, the best thing about the Compound Interest Calculator
Speaker 4: is the ability to work out what you're currently doing
Speaker 4: and whether it's enough to create financial freedom. So if
Speaker 4: you're investing and you're like, yeah, I want to retire early,
Speaker 4: you need to work out what retiring early means, and
Speaker 4: I'm going to use exactly the same example as they
Speaker 4: always do, because I want to get into your heads
Speaker 4: because then it's scalable on either side. But Georgia, if
Speaker 4: you are trying to work towards a sixty thousand dollars
Speaker 4: passive income, you need a one point two million dollar portfolio.
Speaker 4: So this compound interest calculator is going to tell you
Speaker 4: whether your current contributions are going to help you get
Speaker 4: there or maybe you need to make some more. So
Speaker 4: it's just a cool calculator, Okay, guys, super simple. You
Speaker 4: plug in all of your information and it tells you
Speaker 4: what it does. And to be honest, the beauty of
Speaker 4: this tool is that the maths is easy. You don't
Speaker 4: have to do it. It tells you, and it has
Speaker 4: a cute graph to boot free graph. Cute graph we
Speaker 4: love above it ten out of ten. So you can
Speaker 4: see what you're working towards and you can see where
Speaker 4: your hard work is aiming and be reminded of way
Speaker 4: you're doing what you're doing. Love.
Speaker 3: Yeah, Well it'll help you set those goals as well,
Speaker 3: won't it.
Speaker 2: Yeah?
Speaker 1: Exactly obvious.
Speaker 4: Yeah, And to be honest, it enables you to really
Speaker 4: work backwards, like if you're like, oh well, oh I
Speaker 4: thought that that was a lot, and I know that
Speaker 4: it can be a little bit disenchanting sometimes when you
Speaker 4: jump on this website and you're like, oh, I've been
Speaker 4: investing like two hundred bucks a month. I'm really young.
Speaker 4: This should equal heaps, and then you're like, ah, it's
Speaker 4: not going to get me to the goal I thought
Speaker 4: I would get to. That's okay, because during different seasons
Speaker 4: of our life, we have more or less to invest,
Speaker 4: so it might not be always that it's just this
Speaker 4: amount per month. That could be more later, or you
Speaker 4: could just be creating a plan because you don't actually
Speaker 4: have the ability to invest right now. But you're like, okay, well,
Speaker 4: I know that in five years I'll probably have the
Speaker 4: ability to invest. Whether you're a UNI student or you
Speaker 4: just don't have free cash flow at the moment, or
Speaker 4: you're a single mom and you're like, I cannot wait
Speaker 4: until my kids get to school so I can start
Speaker 4: earning an income again, Like you can make a plan
Speaker 4: for the future so you feel more financially secure. Financial
Speaker 4: security doesn't just come from having cash in the bank.
Speaker 4: It comes from also having a plan, and to me,
Speaker 4: this calculator helps you do that too.
Speaker 3: So nice. We love I love it too. Other great
Speaker 3: things about the Money Smart website from my experience just
Speaker 3: include how easy to understand. Their definitions are about a
Speaker 3: lot of things. I've got great things very well. Yeah,
Speaker 3: they just really simplify it all down, but it's very
Speaker 3: similar to what we try to do it She's on
Speaker 3: the Money. So love their work. Thank you the government.
Speaker 4: Thanks the government.
Speaker 3: This takes us to our very last tool of the day,
Speaker 3: which self indulge. It is, of course, your brand new
Speaker 3: book investing with She's on the Money. Talk us through it,
Speaker 3: my girl, tell me all about it and how it
Speaker 3: will help people start investing.
Speaker 4: I like that the note you've put under this question
Speaker 4: literally just says VD go on rant like thank you,
Speaker 4: Georgia King in a good way. Obviously, I've written this
Speaker 4: book because you guys asked for it, and I am
Speaker 4: eternally grateful that after my first book you actually wanted
Speaker 4: more content, because I was terrified that it would be
Speaker 4: a complete plunk. So it's very cool to know that
Speaker 4: you guys are interested in learning more about investing. I
Speaker 4: think it was very necessary as well, because obviously it's
Speaker 4: not the first investment book on the market. It's not
Speaker 4: even the first investment book written by woman on the market,
Speaker 4: but it is the first one that I think genuinely
Speaker 4: takes into consideration you as an individual and your thoughts
Speaker 4: and feelings and values and beliefs and behaviors in addition
Speaker 4: to actually what you need to do to get there,
Speaker 4: because I think too many times it's you know, stereotypical
Speaker 4: white male written books, or they feel like white male
Speaker 4: written books, even if it was written by a woman,
Speaker 4: that just doesn't have that level of empathy. So as
Speaker 4: much as you know, you guys might be going, I
Speaker 4: don't need empathy, Victoria, just need the information. It's so
Speaker 4: important that you also have buy in and you understand
Speaker 4: why you're doing what you're doing, and that's why I
Speaker 4: do what I do. So the Investing book is really
Speaker 4: taking it to the next level. If you read the
Speaker 4: first book, you know that there is a chapter in
Speaker 4: there about investing, but that really just scratches the surface
Speaker 4: of why it's important and gives you some basics, whereas
Speaker 4: this really deep dives and I've tried to structure it
Speaker 4: and I don't say this in the book because you know,
Speaker 4: it's just how I've tried to write it. But I
Speaker 4: really tried to structure it in the same way I
Speaker 4: would have created a statement of advice for a client.
Speaker 4: So I go through the same process with you in
Speaker 4: each chapter, so we do the same tick points. So
Speaker 4: obviously it's going to start with a fact finder and
Speaker 4: understanding where you're at. Then we'll talk about risk, then
Speaker 4: we'll talk about all of the things that come after that.
Speaker 4: And I think that by taking you down that guard
Speaker 4: and path in a way, you're going to create your
Speaker 4: own investment plan. You're going to work out not only
Speaker 4: what your goals, your values, what you can contribute are,
Speaker 4: but you're also going to take it to that next
Speaker 4: level and pick and then implement. And I have spent
Speaker 4: so long, Georgia, I know you have the book. I
Speaker 4: don't know if you've gotten to page I think it's
Speaker 4: one hundred and fifty six. One hundred and fifty six
Speaker 4: or one hundred and fifty nine, I cannot remember. But
Speaker 4: at that point in the book, there is actually this
Speaker 4: really fancy table that I've made. It's basically comparing all
Speaker 4: of the popular investment platforms that she's on the Morning
Speaker 4: community usually has access to in a really simple way.
Speaker 4: It's a table it has their names down the side,
Speaker 4: It has ticks to say it invests here, it doesn't
Speaker 4: invest here. It has the fees, It has the additional
Speaker 4: information you need so that you can basically go to
Speaker 4: that chart after you've read the rest of the book,
Speaker 4: like don't just skip. I mean, I shouldn't be telling
Speaker 4: you this, but don't just skip to the end. But
Speaker 4: it basically will enable you to go, all right, well,
Speaker 4: this is the platform that makes the most sense to
Speaker 4: me because I wanted ABC and D and here it
Speaker 4: is on a platter so that I can make the
Speaker 4: right decision, because working in Australia means that I can't
Speaker 4: just spoon feed you the information and say this is
Speaker 4: the best platform. There's no such thing in reality, because
Speaker 4: different things work for different people. But I've taken you
Speaker 4: down the garden path so that you can work out
Speaker 4: what works for you, and I think that it's something
Speaker 4: I'm really proud of. To be honest, it took a
Speaker 4: long time to get to that, but genuinely, hopefully by
Speaker 4: the end of it you have your investment plan.
Speaker 3: And you should be very proud of it. My girl
Speaker 3: can confirm it's bloody brilliant. Would you recommend it for
Speaker 3: new investors or people that like know a little bit
Speaker 3: or like how far along the journey should people be
Speaker 3: who are turning to this book.
Speaker 4: It is definitely for beginners and intermediate investors. I mean,
Speaker 4: if you're a really accomplished investor, you're probably going to
Speaker 4: go v I know. But if you are a beginner
Speaker 4: or you're an intermediate investor, it doesn't matter if you've
Speaker 4: never invested before, or you've been investing for a few
Speaker 4: years and you're just like, all right, well, I've been
Speaker 4: doing this, you know, this rodeo all by myself, and
Speaker 4: I just want a better plan. I think that's where
Speaker 4: it would come in handy. But to be honest, I've
Speaker 4: tried to make it everything to everybody in a way,
Speaker 4: but in the investment space.
Speaker 3: Yeah, yeah, brilliant. And would you say you need to
Speaker 3: read the first book first and then progress to investing
Speaker 3: this year's on the line.
Speaker 4: Good questions, Yes and no, yes, because obviously I am
Speaker 4: a staunch advocate of doing your budget, your cash flow,
Speaker 4: and getting your financial house in order before you in there,
Speaker 4: Like I want you to have those financial fundamentals, and
Speaker 4: that's what She's on the Money is about. Investing with
Speaker 4: She's on the Money, though, can be read in isolation.
Speaker 4: I have read it so that you don't feel like
Speaker 4: you're coming into part two of a story you didn't understand.
Speaker 4: But it definitely is more investment focused, and I definitely
Speaker 4: recommend reading the first and then the second. But if
Speaker 4: you don't want that, then don't do it. That's cool,
Speaker 4: It'll still serve the purpose.
Speaker 3: Yes, bloody brilliant. All right, But was there anything you
Speaker 3: wanted to add.
Speaker 4: To today's I think it is time to wrap the
Speaker 4: boring but important stuff, George King? Can you read it out?
Speaker 3: Of course?
Speaker 1: I can.
Speaker 3: Please remember, guys, that the advice shed on She's on
Speaker 3: the Money is general in nature and does not consider
Speaker 3: your individual circumstances. She's on the Money exists purely for
Speaker 3: educational purposes and should not be relied upon to make
Speaker 3: an investment or a financial decision. And we promise Victoria
Speaker 3: Divine and She's on the Money are authorized representatives of
Speaker 3: Infocused Securities Australia Proprietly Limited ABN for seven zero nine
Speaker 3: seven seven nine seven zero four nine afosal it three
Speaker 3: six five two three.
Speaker 4: See you on Friday, guys, you will Bye, guys,