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Speaker 1: Hello, my name's Santasha 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 through.

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Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and

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

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Speaker 1: 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 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: Millennials who Want Financial Freedom. My friends, this is an

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Speaker 2: extra exciting episode because I am joined by our very

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Speaker 2: first and a very special co host, and I have

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Speaker 2: been so so excited to bring her on for you guys.

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Speaker 2: Vivian two is a Wall Street girlie who is now

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Speaker 2: known as your rich BFF. Vivian learned the finance basics

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Speaker 2: from her old work on Wall Street, but didn't like

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Speaker 2: how finance content was dry, boring and targeted to old

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Speaker 2: rich men relatable. She began creating her own content to

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Speaker 2: create fun and easy to understand resources. Vivian is now

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Speaker 2: get this, the CEO and founder of Your Rich BFF

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Speaker 2: which no biggie but like You were named as Forbes

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Speaker 2: thirty Under thirty in twenty twenty three, and also named

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Speaker 2: in twenty twenty two as one of Forbes's Top Creators.

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Speaker 2: If that wasn't enough to keep you busy, You've gone

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Speaker 2: ahead and written a whole damn book, my friends. Your

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Speaker 2: book reach AF the Winning Money Mindset that will Change

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Speaker 2: Your Life, is hitting stores officially on the twenty sixth

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Speaker 2: of December. I don't even think we need to do

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Speaker 2: a whole podcast. I'm just like ridiculously impressed from that.

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Speaker 2: But welcome to She's on the Money, my friends.

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Speaker 4: Thank you so much for having me. That was such

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Speaker 4: like a generous introduction. I feel like I'm just.

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Speaker 2: So excited to share with my community. I just I

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Speaker 2: know how much they love the content that you create,

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Speaker 2: and I think that they're just going to be so

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Speaker 2: excited when this drops that I just I genuinely am like,

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Speaker 2: this is a sleigh.

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Speaker 4: I can't wait to chat with them.

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Speaker 2: Oh my gosh, I want to know Vivian. I'm so excited,

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Speaker 2: but tell me a little bit more about you and

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Speaker 2: your story. Obviously you're rich, bff, what a great tagline.

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Speaker 5: But who are you?

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Speaker 2: What do you do? How do you do it? Yeah?

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Speaker 4: So I am very much a happy accident. I would

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Speaker 4: say I was the only daughter to Chinese immigrant parents.

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Speaker 2: They must be so proud.

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Speaker 4: I didn't even tell them about your rich BFF until

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Speaker 4: I was eight months in and starting to monetize, because

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Speaker 4: I was like, they're not gonna be cool with this.

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Speaker 2: Like, so there's a founder in Australia, Jane two. Do

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Speaker 2: you know Jane? Yes, Oh my gosh. Yes, she is

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Speaker 2: a sligh as well. But she hid it from her parents.

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Speaker 2: She used to pretend to go to work. Yeah, she

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Speaker 2: was working on her startup. Yeah, you two two peas

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Speaker 2: in a pot. You know.

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Speaker 4: I just think there's like a little bit of like

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Speaker 4: a cultural expectation that you do well in school, you

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Speaker 4: become a lawyer, doctor, engineer. It's like kind of like

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Speaker 4: a you pick one of the three and that's your life.

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Speaker 4: But I was a big troublemaker growing up. I was

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Speaker 4: a little bit of a chatterbox, could never really fit

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Speaker 4: into that square but I was a really good student.

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Speaker 4: I ended up going to the University of Chicago, very

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Speaker 4: much known to be a feeder school for Wall Street.

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Speaker 4: Got the internship, got the job, and I thought I'd

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Speaker 4: made it. I was like, I was kind of just like,

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Speaker 4: fuck it, we're here. But I thought I had made it.

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Speaker 4: I was like, as long as I can stay at

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Speaker 4: this job and do well, like, I'm gonna be rich,

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Speaker 4: I'm going to have the life I wanted. Go me

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Speaker 4: slave until I got there, and I was so lucky.

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Speaker 4: My very first manager was a woman. She was the

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Speaker 4: only other woman. She was the only other Asian person.

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Speaker 4: And everybody else we worked with was like white guys,

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Speaker 4: old white guys.

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Speaker 2: Mediaora, middle aged white guys is what I liked. Yes,

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Speaker 2: correct so much audacity.

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Speaker 4: Hey, nobody is more confident. Where do they get it from?

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Speaker 2: We say, they say my team all the time when

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Speaker 2: we're like a little bit flat with like channel, you're

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Speaker 2: in a mediorca, middle aged white man and if he

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Speaker 2: would do it, you can do.

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Speaker 4: Yeah, literally exactly. And for the first year and a

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Speaker 4: half it was great. I was learning so much. I was,

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Speaker 4: you know, making more money than I'd ever made in

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Speaker 4: my entire life and then came to the beginning of

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Speaker 4: the end. The head of our desk actually got let go.

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Speaker 4: And how it works generally on Wall Street is when

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Speaker 4: the head of the desk gets let go, all of

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Speaker 4: the people that they hired or they were close with,

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Speaker 4: the new guy will at them too.

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Speaker 2: Yeah, of course, it's the same same on the Australian

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Speaker 2: stock ites change like your desk is going, Your desk

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Speaker 2: is going, and they want their own tame, right, They

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Speaker 2: just want a clean house and they want all of

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Speaker 2: the people that they trust to witch. In theory, you go,

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Speaker 2: that makes sense, but in your shoes that would.

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Speaker 4: Be terribly terrible.

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Speaker 2: Exactly.

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Speaker 4: So this team that like hired me, nurtured me, liked me,

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Speaker 4: treated me well. Suddenly fifty percent of the team was different,

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Speaker 4: and it's a bunch of new people that I'm like, damn,

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Speaker 4: now I got to like earn my stripes. I've impressed

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Speaker 4: people all over again. And my new head of the

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Speaker 4: desk found out that I had a little bit more

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Speaker 4: Excel knowledge because I had spent a summer in commercial

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Speaker 4: banking before going to trading. He was like, hey, like,

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Speaker 4: do you want to come work for my bff? He's

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Speaker 4: starting he's going to be, you know, doing some really

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Speaker 4: cool stuff, cool projects. I ended up going to work

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Speaker 4: for this guy, leaving my manager, my mentor the only

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Speaker 4: person who I was like, Mama, like take care of me.

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Speaker 2: Your safety knit.

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Speaker 4: Yeah. I was like a baby bird. I was like,

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Speaker 4: just teach me everything, like feed me. And this new

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Speaker 4: guy sucked. He was such a d bag and he

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Speaker 4: would say things like you're too girly to work here

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Speaker 4: or sorry, what right?

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Speaker 1: As if?

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Speaker 4: Like that's something that I could change about myself or

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Speaker 4: is it even a negative? Is that an insult? Like girly?

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Speaker 4: Like of course, I've been a woman in my entire life, Like,

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Speaker 4: you know, this is how I identify, this is how

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Speaker 4: I speak. You know, if I get my nails done,

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Speaker 4: they're gonna click clack on the keyboard.

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Speaker 5: There's nothing and about that makes me less qualified.

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Speaker 2: But even like qualification aside, like I'm a confident person.

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Speaker 2: That's why I'm here right exactly.

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Speaker 4: But it really came to a head when one day

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Speaker 4: I came into the office and I was wearing a

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Speaker 4: lock Hart again, and he looked at me and he

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Speaker 4: touched his hands together and he bowed and he goes, ooh,

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Speaker 4: is that a kimono.

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Speaker 2: Oh see you later, Yeah, racist prick?

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Speaker 5: Yeah, So I was are you joking?

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Speaker 4: Oh?

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Speaker 2: Do you think that in that moment he knew what

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Speaker 2: he was doing or he actually thought he was funny?

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Speaker 5: I genuinely think he thought he was funny.

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Speaker 2: Oh my god, Like I have like secondhand embarrassment for him,

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Speaker 2: like I would. Oh, I would have been sick in

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Speaker 2: that moment.

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Speaker 4: And I was like, you know that sensation where like

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Speaker 4: your face just starts to get hot. That was me

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Speaker 4: for good reason. And so I go and I tell

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Speaker 4: my initial mentor I'm like, I'm quitting today. Good And

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Speaker 4: she goes, don't be an idiot. You don't have another

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Speaker 4: job lined up.

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Speaker 2: I don't have a good one because I don't need

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Speaker 2: this one.

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Speaker 4: Yeah, and she goes, you know you're gonna have a

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Speaker 4: gap on your resume. It's gonna be hard to get

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Speaker 4: a job. Just like whatever happened, we'll talk about it

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Speaker 4: after work, but like, just tough it out today and

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Speaker 4: we'll talk. And so I tell her what happens. She's like, okay,

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Speaker 4: I'll help you look for something different. And I'm like, great, okay,

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Speaker 4: at least I have this woman on my side, like

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Speaker 4: I can handle this, yes, So I'm sitting it out,

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Speaker 4: gritting my.

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Speaker 5: Teeth through the rest of this job.

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Speaker 4: But I end up interviewing with my first manager's best

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Speaker 4: friend and lo and behold through an interview process, her

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Speaker 4: best friend becomes my first manager at my second job.

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Speaker 2: Oh my god. This stars have a lot.

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Speaker 4: The stars really did a line and I ended up

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Speaker 4: going to BuzzFeed and it was a huge, huge cool not.

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Speaker 2: Cool, no, but like the idea that you got to

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Speaker 2: work at BuzzFeed sound like you. I'm from Australia. My

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Speaker 2: friends like I am small fry, like I might have

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Speaker 2: a big podcast, but like I have a small brain.

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Speaker 4: Like everybody thought it was so cool, except it wasn't

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Speaker 4: cool for the people that matter.

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Speaker 2: Yeah, my cool.

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Speaker 5: My parents were so disappointed.

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Speaker 4: They were like, you know, you go to this type

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Speaker 4: of school to get this type of job. We've spent

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Speaker 4: so much money and now what are you gonna do.

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Speaker 4: I'm gonna go like rate quizzes for a living And

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Speaker 4: I'm like, that's not even the team that I'm working on.

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Speaker 4: But okay, even if I was like, don't you want

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Speaker 4: me to be happy? And I think that was a

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Speaker 4: really painful experience.

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Speaker 2: Because you don't want to let the people around you down,

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Speaker 2: but you also want to follow what you know. You've

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Speaker 2: obviously had these beautiful experiences with these people, and you're like,

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Speaker 2: I can see a future here. It might all know

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Speaker 2: exactly what it is, but like I can see the opportunity, Like,

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Speaker 2: and I want you to see that for me too.

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Speaker 4: Yeah, and they didn't.

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Speaker 2: I'm so sorry that was the case. That honestly, that sucks.

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Speaker 2: I want to be like, guys, come on, I know.

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Speaker 4: And it wasn't until I want to say, I was

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Speaker 4: like two years in at BuzzFeed when I started making

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Speaker 4: way more money than I did. Ever, how do you

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Speaker 4: like me now Wall Street? Suddenly my mom was like, Wow,

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Speaker 4: this job's really wonderful. That you get to wear RiPP

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Speaker 4: jeans to work, and like you work in nine to

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Speaker 4: five and then like come home and like you have

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Speaker 4: time to hang out with your fiance or like my

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Speaker 4: now fiance at the time, boyfriend. But like she was like, congrats,

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Speaker 4: thank you, thank you.

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Speaker 5: But I have this happy work life balance.

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Speaker 4: And while I'm at BuzzFeed, I make all these new friends, right,

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Speaker 4: I feel very lucky. I end up really loving a

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Speaker 4: lot of my colleagues we become friends outside of work

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Speaker 4: and they're like, hey, you worked on Wall Street? What

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Speaker 4: am I buying in my four winking? Which health insurance

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Speaker 4: am my picking?

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Speaker 2: That would have been my favorite conversation ever. It's like,

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Speaker 2: is it not the most exciting when somebody who's like,

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Speaker 2: you know, excited to be around you, excited to have

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Speaker 2: these conversations and you know how much impact you can

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Speaker 2: have and how much you can change their life by

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Speaker 2: sharing that.

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Speaker 4: Yes and no. Because I got so many questions. It

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Speaker 4: was like a line forming at my desk to the

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Speaker 4: point where like I couldn't even get my day job done.

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Speaker 4: So I was like, you know what, I'm going to

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Speaker 4: put this on the internet and you guys can refer

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Speaker 4: to you know, video seven for this, video, four for this, video,

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Speaker 4: ten for that, and.

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Speaker 2: You're a queen and you did all of that for them.

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Speaker 5: I did it for my friends.

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Speaker 4: I did not make your rich BFF because I wanted

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Speaker 4: to be an influencer or creator. I made this for

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Speaker 4: my four idiot friends at work who wouldn't stop harassing me.

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Speaker 4: And I was like, Haha, they'll love this.

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Speaker 2: I love it so much. That's literally why I created

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Speaker 2: Cheese on the Money. It's because my girlfriend's got sick

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Speaker 2: of hearing me brag on about retirement saving zip brunch.

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Speaker 2: And I was a financial advisor and I didn't have

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Speaker 2: time for it. But I was also really bored being

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Speaker 2: a financial advisor because making rich people richer was not

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Speaker 2: my vibe. But that was like the area that I

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Speaker 2: worked in, like the ultra high NetWorld space, Like yeah,

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Speaker 2: as you can imagine, like it's just not sound sexy,

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Speaker 2: it's really shiny, and I got to wear elite suits,

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Speaker 2: but and great dinners, great dinners, great shoes, Like yeah,

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Speaker 2: the bdms just want to take you out everywhere I

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Speaker 2: was willing to go. But you don't really get a

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Speaker 2: lot of I guess joy out of that. After yeah,

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Speaker 2: you're like, oh, I may say I totally resonated.

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Speaker 4: I made someone who had, you know, two hundred and

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Speaker 4: fifty million dollars now they have five hundred million dollars.

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Speaker 5: Ooh, like yeah, sick good one.

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Speaker 4: Whereas when I put my very first video up, it

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Speaker 4: ended up going viral for good reason, and by the

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Speaker 4: end of the week, I had one hundred thousand followers,

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Speaker 4: and I was like, oh, end.

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Speaker 2: Of the week, you had a thousand following I have

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Speaker 2: been Slavy Go Way for a hundred thousand followers. I

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Speaker 2: was like, oh shit, what do I do exactly what

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Speaker 2: you did before? Because it works?

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Speaker 4: Yeah, And so I just started creating content, content that

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Speaker 4: I thought my friends would watch, content that I thought

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Speaker 4: people needed, based off of a lot of the questions

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Speaker 4: I was getting, and it's.

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Speaker 2: Been history ever since. Are you really proud of yourself?

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Speaker 5: I am.

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Speaker 4: I think one thing that I'm working on this year

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Speaker 4: is taking a second to smell the roses. When you're

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Speaker 4: in this business, and I'm sure you probably feel this

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Speaker 4: way a little bit too, it can feel like every

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Speaker 4: opportunity is the last and you need to strike while

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Speaker 4: the iron's hot and it's go, go, go, go go,

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Speaker 4: because you only get five good years of this. But

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Speaker 4: I'm trying to take a second to be like, you've

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Speaker 4: already come so far. It's okay to take a beat

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Speaker 4: and enjoy the success, and then you can always keep

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Speaker 4: going tomorrow.

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Speaker 2: But absolutely you can.

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Speaker 4: You don't have to earn rest. And for a while

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Speaker 4: I was like, I need to earn rest. I need

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Speaker 4: to ID eight seven videos so I can take a break,

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Speaker 4: or I need to film, you know, three YouTube so

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Speaker 4: I can take a break, and now it's like I

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Speaker 4: can take a break for a break's.

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Speaker 5: Sake, exactly.

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Speaker 2: And that's actually one of the reasons why when I'm

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Speaker 2: interviewing someone or mating them for the first time and

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Speaker 2: I genuinely think that they're really impressive or they've got

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Speaker 2: a really great journey or story to share, I always

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Speaker 2: ask like, are you proud of yourself? And I feel

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Speaker 2: like it does catch people a little bit unaware, because

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Speaker 2: you know, you're saying, oh, your parents must be so proud.

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Speaker 2: You're like, yeah, yeah, cool, go cool. But I'm like you,

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Speaker 2: and I think it's that moment of reflection where you're like, actually,

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Speaker 2: I'm really cool. Like I did this and I created this,

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Speaker 2: and you know, you can create something and somebody could

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Speaker 2: have you know, served those hundred thousand people to you

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Speaker 2: on a platter, and you could have been like that's

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Speaker 2: way too overwhelming. I didn't do it. But you've grown

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Speaker 2: it and you've nurtured it, and you've like taken it

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Speaker 2: with both hands and be like, no, this is me.

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Speaker 2: This is how it's gonna work. And now you're a

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Speaker 2: full blown author. Like I just get so excited talking

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Speaker 2: to I guess other money people, but people I can

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Speaker 2: also learn from. I want to know, you know, at

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Speaker 2: the end of the day, you are teaching people how

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Speaker 2: to money. How to money. It is a language that

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Speaker 2: not of a lot of us are actually fluent in.

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Speaker 2: How do we money? Vivian like, you know, I am,

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Speaker 2: let's pretend in a nine to five job, and I

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Speaker 2: might not have the grace of, you know, having a

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Speaker 2: scalable job where you know, in your situation you pump

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Speaker 2: out some more content, you might get some more revenue.

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Speaker 2: Not everybody is there, what can we do to maximize

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Speaker 2: our nine to five salary? And you know, how do

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Speaker 2: we do that?

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Speaker 4: So people ask me, how do I, you know, be

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Speaker 4: smart with my money? How do I make good decisions?

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Speaker 4: And I'm like, you should strip? And everyone's like, what

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Speaker 4: did you just say?

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Speaker 2: Are you going to pay me for that? Right? Because like,

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Speaker 2: if you are, how.

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Speaker 1: Do you.

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Speaker 4: We'll get some cash out of the ATM and we'll

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Speaker 4: start throwing money.

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Speaker 2: But Strad pregnant. This is not going to be a

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Speaker 2: good experience for either of us.

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Speaker 4: But strip is actually an acronym, okay, And I think.

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Speaker 2: It a little bit disappointing. I'm hoping that this picks

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Speaker 2: up from me.

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Speaker 5: Yeah, you're so funny.

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Speaker 4: STRIP is just an acronym, and I think it's like

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Speaker 4: a cute little acronym that everyone can use to remember

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Speaker 4: that this is what you should do if you have

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Speaker 4: no idea where to start. So S stands for savings

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Speaker 4: when you have a good job where your needs are met.

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Speaker 4: I think one thing that a lot of us struggle

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Speaker 4: with is that lifestyle inflation. We start making more money

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Speaker 4: and we start spending more money, and then you're like,

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Speaker 4: oh shit, why don't I have any money?

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Speaker 2: I creep because exactly, it's really rude.

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Speaker 4: It is incredibly rude. But for savings, the first thing

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Speaker 4: I say everybody should do is set aside an emergency fund.

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Speaker 4: And if you are a young singleton, you rent your house,

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Speaker 4: you you know, are just taking care of yourself. Three

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Speaker 4: to six months is totally fine. If you are a parent,

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Speaker 4: you own a home, you got kids, like you know,

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Speaker 4: you got a pet, you got kids, you got a

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Speaker 4: car payment, you got all that stuff. I would say,

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Speaker 4: try to get closer to six to twelve months.

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Speaker 2: Okay, So pressure is on for me, precious on for me.

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Speaker 4: I don't want us to feel like pressure. I wanted

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Speaker 4: to feel like today you taking care of future you.

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Speaker 2: And future you is going to be so grateful, right, grateful?

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Speaker 2: Like how many times do you do small things and

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Speaker 2: you're like, damn, I'm so smart for already doing.

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Speaker 4: Even just like laying out your outfit for the next morning.

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Speaker 2: That is the example. Like how many times do you

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Speaker 2: get up and you'll immediately like last night May was

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Speaker 2: a genius.

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Speaker 5: Genius.

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Speaker 2: Now think about that when you're rich af Yeah, exactly,

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Speaker 2: even better.

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Speaker 4: Yeah, So you got to take care of future you.

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Speaker 4: Then we go to T, which stands for total debt.

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Speaker 4: I think this is true in the US, this is

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Speaker 4: true in Australia, this is true pretty much all of

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Speaker 4: the world these days.

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Speaker 5: But like there's a debt.

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Speaker 4: Crisis, and when it comes to having a lot of debt,

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Speaker 4: the first thing people do is they look at the

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Speaker 4: big number and they're like, oh shit, and they get

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Speaker 4: so overwhelmed. They stick their head in the sand and

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Speaker 4: they're like, I'll deal with this next weekend. And then

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Speaker 4: next weekend comes and they're like I'll deal with this

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Speaker 4: next weekend, and then it's next weekend, next weekend, next weekend,

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Speaker 4: until you're six months down the line and your debt

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Speaker 4: has only compounded because you haven't made a plan to

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Speaker 4: start paying it down.

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Speaker 2: And Noaly's this paralysis is going to kill you.

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Speaker 4: So with t total debt, I say, use the avalanche method.

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Speaker 4: Rank your debt from highest to lowest interest rate, because

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Speaker 4: if you make the minimum payment across everything, but then

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Speaker 4: any additional funds towards the highest interest rate debt, you're

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Speaker 4: gonna be able to pay that debt down as fast

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Speaker 4: as humanly possible while also paying the least an interest.

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Speaker 5: And who wants to pay interest?

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Speaker 2: Literally nobody?

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Speaker 5: Zero out of ten I do not.

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Speaker 2: I don't know about you, but I've literally never met

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Speaker 2: one person that goes, I got a credit card so

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Speaker 2: I can start paying interest, like I want to pay more.

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Speaker 4: For Nobody said that. Nobody says that, So pay it

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Speaker 4: down that way and at least have a plan. I

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Speaker 4: don't care if you're chipping away at this thing so slow,

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Speaker 4: But if you don't have a plan and you're just

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Speaker 4: running around like a chicken with its head cut off,

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Speaker 4: like you're going to be in a worse position than

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Speaker 4: if you have a slow and steady plan.

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Speaker 2: Exactly. We say this in my community all the time,

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Speaker 2: but we always say from little things, big things grow

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Speaker 2: and that has really, I guess, compounded in our community.

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Speaker 2: And it's like, you know the rabbit in the turtle,

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Speaker 2: Like the turtle's going to win because the rabbit he

401
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Speaker 2: ran out of steam. And so I think that a

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Speaker 2: lot of the time in our community, and I see

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Speaker 2: it in yours as well. It's just like celebrating the

404
00:18:01,160 --> 00:18:03,800
Speaker 2: small steps, because the small steps, when you look back,

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Speaker 2: are actually the big steps, but at the time they

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Speaker 2: don't feel that way, right, Like when you first hear

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Speaker 2: in debt, You're like, I really don't want to have

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Speaker 2: to do this, Like this makes no sense. It's five dollars,

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Speaker 2: Why does it matter? Or it matters.

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Speaker 4: When you run a marathon, you still have to take

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Speaker 4: those first steps. You have to run that first mile

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Speaker 4: to get to the second mile, to get to the

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Speaker 4: third mile, to finally getting to twenty six point two miles.

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Speaker 4: You don't just run the marathon starting from the back

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Speaker 4: like a mile twenty six. No, a couple first steps

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Speaker 4: are going to get you there.

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Speaker 2: Love love all right, tell me about.

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Speaker 4: Our stands for retirement. So speaking of today, you taking.

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Speaker 5: Care of future?

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Speaker 2: You very sexy.

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Speaker 4: I am very much of the camp, but I want

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Speaker 4: to be that crazy retiree drinking pina coladas on the beach.

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Speaker 2: I Alrea, do you want to be that person? They Vivian, Oh,

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Speaker 2: the same. I mean, so like we're not going to

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Speaker 2: do the fire method where we're like just loading it

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Speaker 2: all up. I think you and I are in the

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Speaker 2: same pace.

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Speaker 4: So I think retirement is really important because of two reasons. One,

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Speaker 4: it's important to take care of you yourself because you

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Speaker 4: can't work forever. There is going to be a point

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Speaker 4: where your mind and your body start to decay. And

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Speaker 4: I hate to say that, but it's life. Until we

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Speaker 4: find some sort of everlasting fountain of youth.

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Speaker 2: Nobody gets out of this life alone. Nobody.

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Speaker 4: Nobody gets out of this life alive. And it's important

436
00:19:24,480 --> 00:19:28,520
Speaker 4: to start considering things like, you know, in Australia you're

437
00:19:28,560 --> 00:19:32,240
Speaker 4: super thinking about your four oh one k at your employer.

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Speaker 4: If you're in the US thinking about a roth ira,

439
00:19:34,920 --> 00:19:37,960
Speaker 4: if you you know, just don't get an employer sponsored plan.

440
00:19:38,160 --> 00:19:40,919
Speaker 4: These are all different strategies that not only can you

441
00:19:41,400 --> 00:19:43,600
Speaker 4: receive tax benefits.

442
00:19:43,040 --> 00:19:45,800
Speaker 2: For which uh like, honestly sligh.

443
00:19:46,000 --> 00:19:47,520
Speaker 5: Everybody loves a tax Benny.

444
00:19:47,440 --> 00:19:49,760
Speaker 2: I want a million tax Why wouldn't I want to

445
00:19:49,800 --> 00:19:53,160
Speaker 2: pay fewer taxes legally, I don't know exactly.

446
00:19:53,400 --> 00:19:56,440
Speaker 4: But also again, you're taking care of you in the future,

447
00:19:56,520 --> 00:19:58,800
Speaker 4: and there's nobody who's going to be better to you

448
00:19:58,960 --> 00:20:02,280
Speaker 4: than you can be. So with the eye and strip,

449
00:20:02,480 --> 00:20:07,320
Speaker 4: it's important to remember you can't just put the money in,

450
00:20:08,080 --> 00:20:12,400
Speaker 4: you actually have to invest it. What I know, everybody,

451
00:20:12,520 --> 00:20:16,000
Speaker 4: this is my analogy. Imagine you know, close r eyes.

452
00:20:16,320 --> 00:20:19,360
Speaker 4: You drive to the grocery store. Okay, you got your

453
00:20:19,640 --> 00:20:22,320
Speaker 4: purse slung over your shoulder. You walk into the grocery store,

454
00:20:22,560 --> 00:20:25,560
Speaker 4: you take a good old lap, you leave, you get

455
00:20:25,560 --> 00:20:26,280
Speaker 4: back in your car.

456
00:20:26,119 --> 00:20:26,600
Speaker 5: And you go home.

457
00:20:26,640 --> 00:20:28,080
Speaker 4: Then you open up your fridge and you're like, why

458
00:20:28,119 --> 00:20:30,480
Speaker 4: didn't I have Why don't I have groceries? It's like

459
00:20:30,560 --> 00:20:33,600
Speaker 4: you didn't buy any You literally just walked around the store.

460
00:20:33,760 --> 00:20:35,720
Speaker 2: And I think when people open you have lists now

461
00:20:35,760 --> 00:20:36,880
Speaker 2: because you spent money.

462
00:20:36,680 --> 00:20:39,240
Speaker 4: On the gas, yes, exactly, and you put my ledge

463
00:20:39,240 --> 00:20:42,240
Speaker 4: on that car. But it's important that when you are

464
00:20:42,240 --> 00:20:45,280
Speaker 4: opening up these retirement accounts, you actually buy investments. And

465
00:20:45,880 --> 00:20:48,560
Speaker 4: there are super easy ways to do this, whether that

466
00:20:48,640 --> 00:20:51,359
Speaker 4: be investing in a target date retirement fund or just

467
00:20:51,400 --> 00:20:53,720
Speaker 4: index funds that track the broader market or even just

468
00:20:53,720 --> 00:20:56,120
Speaker 4: getting a Roebo advisor to do it for you. Paying

469
00:20:56,440 --> 00:20:58,440
Speaker 4: a small management fee is not the worst thing in

470
00:20:58,440 --> 00:20:59,960
Speaker 4: the world if it means you can get started soon

471
00:21:00,160 --> 00:21:03,399
Speaker 4: rather than later. The love and I also like to

472
00:21:03,400 --> 00:21:05,040
Speaker 4: say that there's also a secret eye in there.

473
00:21:05,240 --> 00:21:07,840
Speaker 2: There's a secret eye, there's a secret imstra, there's to eye,

474
00:21:07,880 --> 00:21:09,000
Speaker 2: but there's a secret eye.

475
00:21:09,000 --> 00:21:11,919
Speaker 4: The secret eye is income. You can only save as

476
00:21:12,000 --> 00:21:13,879
Speaker 4: much as you earn, but you can always earn more money.

477
00:21:14,320 --> 00:21:17,800
Speaker 4: And it is so critically important to not just talk

478
00:21:17,840 --> 00:21:21,920
Speaker 4: about cutting out the latte, which, by the way, cheers

479
00:21:22,000 --> 00:21:25,639
Speaker 4: cheers to the starbus. It's not enough just to cut

480
00:21:25,640 --> 00:21:27,639
Speaker 4: back the lattes and the avocado toast.

481
00:21:27,920 --> 00:21:29,560
Speaker 5: I'm sorry. I want to live a happy life. I

482
00:21:29,600 --> 00:21:30,480
Speaker 5: want to enjoy myself.

483
00:21:30,840 --> 00:21:33,520
Speaker 4: It's also important to make more money because do you

484
00:21:33,520 --> 00:21:35,200
Speaker 4: know how easy it is to ask for a five

485
00:21:35,200 --> 00:21:36,119
Speaker 4: thousand dollar raise?

486
00:21:36,320 --> 00:21:36,800
Speaker 5: Super easy?

487
00:21:36,800 --> 00:21:39,680
Speaker 4: A five thousand dollar raise is not unheard of at all.

488
00:21:39,880 --> 00:21:41,760
Speaker 2: Oh no, but like you can only do that once.

489
00:21:41,840 --> 00:21:43,679
Speaker 2: You can't do that all the time. You can do

490
00:21:43,720 --> 00:21:46,000
Speaker 2: that well every year, oh one hundred percent, you can.

491
00:21:46,080 --> 00:21:48,320
Speaker 2: But like you can go earn another five grand on

492
00:21:48,359 --> 00:21:50,439
Speaker 2: top of that five thousand dollar rais and it's so

493
00:21:50,520 --> 00:21:53,120
Speaker 2: much easier, Like, guys, it's twenty twenty three. Yeah, we're

494
00:21:53,160 --> 00:21:55,520
Speaker 2: not living in the nineteen fifties. Like you can earn

495
00:21:55,560 --> 00:21:57,080
Speaker 2: five grand and not even leave your house.

496
00:21:57,200 --> 00:21:59,879
Speaker 4: Yes, exactly, But do you know how heart it is

497
00:22:00,040 --> 00:22:02,919
Speaker 4: to cut out five thousand dollars worth to do that?

498
00:22:03,240 --> 00:22:05,480
Speaker 4: Like you don't have Netflix anymore, You don't get to

499
00:22:05,520 --> 00:22:07,359
Speaker 4: drink your coffee, you don't get to go out to brunch,

500
00:22:07,400 --> 00:22:09,040
Speaker 4: you don't get to get your manny petties. Not like

501
00:22:09,400 --> 00:22:12,000
Speaker 4: cutting five thousand dollars out of your budget is brutal.

502
00:22:12,800 --> 00:22:15,399
Speaker 4: Getting an extra five thousand dollars of cash coming in

503
00:22:15,400 --> 00:22:17,400
Speaker 4: the doors not that hard.

504
00:22:17,600 --> 00:22:19,879
Speaker 2: It is hard for a lot of people. I reckon

505
00:22:19,880 --> 00:22:22,840
Speaker 2: in both of our communities because we're women. And remember

506
00:22:23,000 --> 00:22:25,560
Speaker 2: how like we don't have the audacity of media commitdle

507
00:22:25,560 --> 00:22:27,520
Speaker 2: aged white men. And the stats way me too that

508
00:22:27,640 --> 00:22:29,720
Speaker 2: men they're going to put themselves forward for a raise

509
00:22:29,880 --> 00:22:32,280
Speaker 2: or like a promotion when they don't even meet the criteria.

510
00:22:32,359 --> 00:22:34,040
Speaker 2: But we seem to think we need to meet one

511
00:22:34,080 --> 00:22:36,240
Speaker 2: hundred percent of the criteria. We don't do exactly the

512
00:22:36,240 --> 00:22:39,439
Speaker 2: same thing. You don't like, ask yourself what would a

513
00:22:39,480 --> 00:22:42,040
Speaker 2: medio com middle aged white men do and then do that?

514
00:22:42,080 --> 00:22:46,600
Speaker 4: Babe? Yeah, exactly do that and then pee. Everybody's favorite

515
00:22:46,800 --> 00:22:51,480
Speaker 4: part of strip is plan. Everybody who's listening, just like,

516
00:22:51,560 --> 00:22:54,119
Speaker 4: take a second. If you're driving, don't do this closure out.

517
00:22:54,200 --> 00:22:55,560
Speaker 2: Maybe just think about doing this thing.

518
00:22:55,840 --> 00:22:57,560
Speaker 4: Think about doing this later, but just close your eyes

519
00:22:57,600 --> 00:22:59,840
Speaker 4: for a second and think about your happily ever after?

520
00:23:00,080 --> 00:23:00,919
Speaker 5: What does that look like?

521
00:23:01,680 --> 00:23:06,439
Speaker 4: Do you live in Naples, Florida or Naples, Italy?

522
00:23:07,160 --> 00:23:10,040
Speaker 5: Do you own two homes?

523
00:23:10,280 --> 00:23:14,040
Speaker 4: Or would you rather retire at thirty and live in

524
00:23:14,119 --> 00:23:17,200
Speaker 4: an RV? There is no right answer. The right answer

525
00:23:17,240 --> 00:23:19,119
Speaker 4: is the one that puts a smile on your face.

526
00:23:19,720 --> 00:23:23,359
Speaker 4: Do you want to have, you know, an entire crew

527
00:23:23,520 --> 00:23:26,960
Speaker 4: of Golden Retriever dogs? Do you want to have two kids?

528
00:23:27,040 --> 00:23:29,119
Speaker 4: Do you want to have dads? Do you want whatever

529
00:23:29,160 --> 00:23:29,560
Speaker 4: you want?

530
00:23:29,600 --> 00:23:31,920
Speaker 2: I want all of that that I want so much fun.

531
00:23:32,480 --> 00:23:34,879
Speaker 2: Do you say I can have a FuMB of Golden

532
00:23:34,920 --> 00:23:37,640
Speaker 2: Retriever is exactly but like, but we need to get

533
00:23:37,680 --> 00:23:38,359
Speaker 2: rich to do that.

534
00:23:38,600 --> 00:23:39,920
Speaker 5: And the peace stands for plan.

535
00:23:40,440 --> 00:23:42,600
Speaker 4: You got to make a plan to hit your happily

536
00:23:42,600 --> 00:23:45,800
Speaker 4: ever after and knowing what that happily ever after looks

537
00:23:45,840 --> 00:23:47,920
Speaker 4: like helps you back into a lot of those other

538
00:23:48,040 --> 00:23:49,880
Speaker 4: numbers that you're going to need to hit to get

539
00:23:49,920 --> 00:23:52,679
Speaker 4: there and get there as soon as possible. So I

540
00:23:52,760 --> 00:23:57,760
Speaker 4: just think this fantasizing is so healthy. And I do

541
00:23:57,840 --> 00:24:01,040
Speaker 4: this with my fiance all the time, And I say,

542
00:24:01,600 --> 00:24:03,560
Speaker 4: don't you think it'll be amazing when we have so

543
00:24:03,680 --> 00:24:06,440
Speaker 4: much money and we're able to take you know, your

544
00:24:06,480 --> 00:24:09,359
Speaker 4: parents and my parents and your siblings and their kids

545
00:24:09,400 --> 00:24:12,800
Speaker 4: on vacation. And his retort is always, ew, I don't

546
00:24:12,800 --> 00:24:14,679
Speaker 4: want to take all of them on vacation with us.

547
00:24:14,680 --> 00:24:16,000
Speaker 4: That doesn't sound fun at all.

548
00:24:16,000 --> 00:24:17,639
Speaker 2: Okay, But we can send them on vacation while we

549
00:24:17,760 --> 00:24:20,960
Speaker 2: go somewhere else completely separate, and we can pay for

550
00:24:21,040 --> 00:24:22,080
Speaker 2: the lifestyle you deserve.

551
00:24:22,280 --> 00:24:25,080
Speaker 4: But those conversations are one so fun to have with

552
00:24:25,080 --> 00:24:26,840
Speaker 4: a significant other if you're just looking to have like

553
00:24:26,880 --> 00:24:29,280
Speaker 4: a fun, little cheeky conversation like on a Thursday Dan date.

554
00:24:29,440 --> 00:24:30,760
Speaker 2: So many different lives, so.

555
00:24:30,640 --> 00:24:33,280
Speaker 4: Many different lives. It's also really healthy to have with

556
00:24:33,320 --> 00:24:37,320
Speaker 4: yourself because it gives you a visual of what you're

557
00:24:37,359 --> 00:24:38,400
Speaker 4: working so hard for.

558
00:24:39,119 --> 00:24:40,760
Speaker 5: And I think that's great.

559
00:24:40,840 --> 00:24:43,160
Speaker 2: I don't think there's anything too big about that either.

560
00:24:43,359 --> 00:24:47,040
Speaker 2: I think sometimes especially as women. We end up with

561
00:24:47,080 --> 00:24:49,400
Speaker 2: a cap and we're like, oh, that's probably a bit much.

562
00:24:49,440 --> 00:24:52,280
Speaker 2: I'm a bit much. And it's it's not like.

563
00:24:52,160 --> 00:24:55,720
Speaker 5: You're not too much. Find someone who needs less, No.

564
00:24:55,680 --> 00:24:57,520
Speaker 2: You don't find someone to find someone who needs, someone

565
00:24:57,560 --> 00:25:00,160
Speaker 2: who doesn't need, someone who doesn't need less exactly. Oh

566
00:25:00,160 --> 00:25:02,320
Speaker 2: my gosh, I am obsessed with that. I saw it

567
00:25:02,359 --> 00:25:04,800
Speaker 2: on something like that on TikTok the other day and

568
00:25:04,800 --> 00:25:06,520
Speaker 2: they're like breaking up with their boyfriend. They're like, go

569
00:25:06,560 --> 00:25:09,680
Speaker 2: find someone who wants less than go exactly. Like, I'm

570
00:25:09,680 --> 00:25:11,320
Speaker 2: not mad about that, And I think that that.

571
00:25:11,280 --> 00:25:14,119
Speaker 4: You're allowed to have high standards. You're allowed to want

572
00:25:14,240 --> 00:25:17,520
Speaker 4: this happily ever after. You are allowed to want those things,

573
00:25:17,880 --> 00:25:20,320
Speaker 4: and if you make a plan you can hit them.

574
00:25:20,640 --> 00:25:23,359
Speaker 2: I agree. I love this strip. I thought you were

575
00:25:23,400 --> 00:25:26,320
Speaker 2: going to disappoint me because you really started by tally

576
00:25:26,640 --> 00:25:28,439
Speaker 2: you were gonna throw money at me, and I was

577
00:25:28,440 --> 00:25:30,840
Speaker 2: one thousand percent across it. And then we got a

578
00:25:30,840 --> 00:25:32,800
Speaker 2: bit disappointed. You were like, it's not real strip, and

579
00:25:32,840 --> 00:25:35,359
Speaker 2: I was like, okay, but this is a plan that

580
00:25:35,560 --> 00:25:38,800
Speaker 2: makes so much sense. And the thing that I love

581
00:25:38,840 --> 00:25:42,320
Speaker 2: about this plan is your energy throughout. This is so

582
00:25:42,640 --> 00:25:44,960
Speaker 2: much like the from little things, big things grow, Like

583
00:25:45,000 --> 00:25:47,880
Speaker 2: these are easy steps to take, Like we're doing some savings,

584
00:25:47,880 --> 00:25:50,719
Speaker 2: we're doing you know, total debt, which can be really overwhelming.

585
00:25:50,880 --> 00:25:52,760
Speaker 2: But if you pull your head out of the sand,

586
00:25:53,200 --> 00:25:54,960
Speaker 2: like you're going to be in a better position. We're

587
00:25:55,000 --> 00:25:56,880
Speaker 2: going to do retirement. Then we're going to do our

588
00:25:57,080 --> 00:25:58,439
Speaker 2: you know, we're going to do our income.

589
00:25:58,520 --> 00:25:59,920
Speaker 4: You don't do this all in once.

590
00:26:00,440 --> 00:26:02,040
Speaker 5: You don't do this all in one weekend.

591
00:26:02,400 --> 00:26:04,800
Speaker 4: You do this little by little, You chip away at

592
00:26:04,800 --> 00:26:08,359
Speaker 4: it until you go from to st to you have

593
00:26:08,400 --> 00:26:09,359
Speaker 4: the forward strip.

594
00:26:09,480 --> 00:26:12,800
Speaker 2: Yeah strip, I love it. Oh my gosh. All right. Well, obviously,

595
00:26:13,320 --> 00:26:17,480
Speaker 2: earning money, yeah, as we said before comes with managing money,

596
00:26:17,720 --> 00:26:20,760
Speaker 2: and we said before, from little things, big things grow,

597
00:26:20,840 --> 00:26:22,600
Speaker 2: And it's all about the small things. You were talking

598
00:26:22,600 --> 00:26:26,520
Speaker 2: about lifestyle creep, which I'm so on board with. But

599
00:26:26,840 --> 00:26:28,760
Speaker 2: what's the best way that we can make sure that

600
00:26:28,800 --> 00:26:32,600
Speaker 2: we are managing money properly because obviously, if we can't

601
00:26:32,600 --> 00:26:34,600
Speaker 2: manage tendallers, we're not going to be able to manage

602
00:26:34,600 --> 00:26:36,680
Speaker 2: ten thousand. But how many times do you hear people

603
00:26:36,760 --> 00:26:39,800
Speaker 2: saying I'll do it when I earn more, Vivian, I'll

604
00:26:39,800 --> 00:26:42,040
Speaker 2: do it when I you know amount of debt, I'll

605
00:26:42,040 --> 00:26:45,760
Speaker 2: do it when I how do we start? Like why today?

606
00:26:46,640 --> 00:26:50,399
Speaker 4: Because the best day to get good with money was

607
00:26:50,520 --> 00:26:54,840
Speaker 4: yesterday and the second best day is today. And when

608
00:26:55,000 --> 00:26:59,320
Speaker 4: we talk about getting rich and having money, we have

609
00:26:59,400 --> 00:27:03,800
Speaker 4: to remember that it's not about timing the market. It's

610
00:27:03,840 --> 00:27:08,160
Speaker 4: not about picking the perfect investment. It's not about suddenly

611
00:27:08,200 --> 00:27:10,240
Speaker 4: having a million dollars fall from the sky because you

612
00:27:10,280 --> 00:27:16,679
Speaker 4: won the lottery. It's about time, commitment, consistency, and time

613
00:27:16,880 --> 00:27:20,119
Speaker 4: in the market beats timing the market. So time in

614
00:27:20,240 --> 00:27:24,280
Speaker 4: tim E space I N beats timing T I M

615
00:27:24,480 --> 00:27:25,080
Speaker 4: I N G.

616
00:27:25,680 --> 00:27:28,840
Speaker 2: You've won the spelling base, Dude, I not a good

617
00:27:28,840 --> 00:27:30,880
Speaker 2: spelling No, well you've proven everybody wrong.

618
00:27:32,600 --> 00:27:35,119
Speaker 4: It beats it every time because you don't need to

619
00:27:35,160 --> 00:27:37,119
Speaker 4: be the smartest, fastest, strongest person.

620
00:27:37,600 --> 00:27:39,080
Speaker 5: You need to be the person who.

621
00:27:39,040 --> 00:27:42,520
Speaker 4: Has a plan, who starts as early as possible and

622
00:27:43,000 --> 00:27:46,240
Speaker 4: just sits and waits, and that is how.

623
00:27:46,080 --> 00:27:48,080
Speaker 5: We get to the final goal.

624
00:27:48,760 --> 00:27:51,280
Speaker 4: And I think it's really important to call out that

625
00:27:52,240 --> 00:27:57,280
Speaker 4: investing and having this life is not only for smart

626
00:27:57,280 --> 00:28:00,320
Speaker 4: people or people who come from generational wealth, or it's

627
00:28:00,320 --> 00:28:06,000
Speaker 4: for everybody. And the reason why there's such a vast

628
00:28:06,160 --> 00:28:09,760
Speaker 4: divide between people who have money and who don't is education,

629
00:28:10,640 --> 00:28:12,359
Speaker 4: and I think it's a damn sure. I don't know

630
00:28:12,359 --> 00:28:14,240
Speaker 4: if this is the case in Australia, but like in

631
00:28:14,280 --> 00:28:15,840
Speaker 4: the US, we don't teach this stuff in school.

632
00:28:15,840 --> 00:28:17,520
Speaker 2: Oh no, we don't teach it in school. It's why

633
00:28:17,560 --> 00:28:20,959
Speaker 2: I'm a psycho when it comes to our content and

634
00:28:21,040 --> 00:28:25,680
Speaker 2: why I just get so frustrated because yeah, and I'm

635
00:28:25,720 --> 00:28:27,560
Speaker 2: sure you're exactly the same as me. The more you

636
00:28:27,640 --> 00:28:30,920
Speaker 2: learn about it, the more you're just motivated to share

637
00:28:30,960 --> 00:28:34,280
Speaker 2: it because you're like everybody deserves this, Like it makes

638
00:28:34,600 --> 00:28:38,480
Speaker 2: no sense that we learn trigonometry and we're talking about

639
00:28:38,520 --> 00:28:42,520
Speaker 2: algebra when my school and the schooling system in Australia

640
00:28:42,520 --> 00:28:44,520
Speaker 2: it doesn't. So in Australia you can start working it

641
00:28:44,680 --> 00:28:46,600
Speaker 2: fourteen years and nine months. You can go get your

642
00:28:46,640 --> 00:28:50,240
Speaker 2: fast okay sligh, But they don't tell you that you

643
00:28:50,320 --> 00:28:52,920
Speaker 2: need to be retirement saving. They don't tell you anything

644
00:28:52,920 --> 00:28:55,920
Speaker 2: about how taxes work, but they do expect you to

645
00:28:55,960 --> 00:28:59,320
Speaker 2: come and still do a you know, a whole thing

646
00:28:59,360 --> 00:29:01,640
Speaker 2: on trigonomical When am I going to use that in

647
00:29:01,680 --> 00:29:02,200
Speaker 2: the future?

648
00:29:02,320 --> 00:29:04,160
Speaker 4: Like when have I ever used sign and co sign?

649
00:29:04,440 --> 00:29:07,440
Speaker 2: Literally never, and I do you know what my favorite

650
00:29:07,440 --> 00:29:09,280
Speaker 2: thing is? When I was at school, this is showing

651
00:29:09,280 --> 00:29:11,000
Speaker 2: my age now and that I am most definitely in

652
00:29:11,040 --> 00:29:14,160
Speaker 2: my thirties. They used to say, you won't always have

653
00:29:14,200 --> 00:29:17,200
Speaker 2: a calculator in your pocket. Literally I always have a

654
00:29:17,200 --> 00:29:22,000
Speaker 2: calculator now, So like, talk to me about taxes. I

655
00:29:22,040 --> 00:29:24,440
Speaker 2: love to say media committle aged white man and I

656
00:29:24,480 --> 00:29:28,760
Speaker 2: feel like you're resonating with that. So amazing, But historically

657
00:29:29,120 --> 00:29:31,320
Speaker 2: I wish we could say that. You know, it's twenty

658
00:29:31,360 --> 00:29:34,800
Speaker 2: twenty three, Vivian and I. We've invented investing. We are

659
00:29:34,840 --> 00:29:37,800
Speaker 2: so smart. But I don't know if you've read my

660
00:29:37,880 --> 00:29:40,600
Speaker 2: favorite book, The Richest Man in Babylon, And I say

661
00:29:40,600 --> 00:29:42,760
Speaker 2: that's not my favorite only just giving me your book

662
00:29:42,800 --> 00:29:45,640
Speaker 2: so it might overtake it, like rich Af coming to

663
00:29:45,680 --> 00:29:49,240
Speaker 2: your stawny you. But my favorite book is The Richest

664
00:29:49,240 --> 00:29:52,720
Speaker 2: Man in Babylon. It's the driest book ever. Like reading it,

665
00:29:52,720 --> 00:29:53,720
Speaker 2: it is mind numbing.

666
00:29:53,760 --> 00:29:56,600
Speaker 4: Mine donkeys instead of Coachala tickets. But you know what,

667
00:29:56,720 --> 00:29:57,880
Speaker 4: it's exactly okay.

668
00:29:58,000 --> 00:30:00,720
Speaker 2: It is my favorite book because it's like, no, this

669
00:30:00,760 --> 00:30:04,360
Speaker 2: stuff has existed forever. However, the medioca middle aged white

670
00:30:04,360 --> 00:30:06,720
Speaker 2: men have gate kept that from us for a very

671
00:30:06,760 --> 00:30:09,400
Speaker 2: long time. And I mean, you worked on Wall Street,

672
00:30:09,520 --> 00:30:11,800
Speaker 2: so I feel like you, of anybody else in the

673
00:30:11,960 --> 00:30:14,400
Speaker 2: entire world, is going to know how well those medioca

674
00:30:14,440 --> 00:30:18,400
Speaker 2: middle aged white men like gatekeeping that content. But why

675
00:30:18,400 --> 00:30:22,960
Speaker 2: do you think historically this content has been gate kept

676
00:30:23,040 --> 00:30:25,720
Speaker 2: and it has been inaccessible for us? And I guess

677
00:30:25,760 --> 00:30:28,560
Speaker 2: a little bit boring when I don't know about you.

678
00:30:28,640 --> 00:30:31,520
Speaker 2: But the more and more I learn about wealth creation

679
00:30:31,880 --> 00:30:35,960
Speaker 2: and getting rich af the more excited I am about it.

680
00:30:36,640 --> 00:30:38,600
Speaker 2: Why has it been boring? And why is it so

681
00:30:38,680 --> 00:30:40,560
Speaker 2: important to change this moving forward?

682
00:30:40,920 --> 00:30:44,200
Speaker 4: If I am super rich and I'm part of the

683
00:30:44,200 --> 00:30:48,160
Speaker 4: status quo, what incentivizes me to make this easier for you.

684
00:30:48,400 --> 00:30:52,520
Speaker 4: I still need a minimum wage worker to flip my burger,

685
00:30:52,720 --> 00:30:54,720
Speaker 4: I need someone to pump my gas, and I need

686
00:30:54,760 --> 00:30:58,000
Speaker 4: someone to come clean my house. I am not incentivized

687
00:30:58,000 --> 00:30:59,520
Speaker 4: to make this easier for you. And I hate to

688
00:30:59,560 --> 00:31:03,040
Speaker 4: sound like an absolutely tinfoil hat like conspiracy theorists.

689
00:31:03,600 --> 00:31:05,200
Speaker 2: We're wearing Matchington foil.

690
00:31:05,160 --> 00:31:09,720
Speaker 4: Maxington foil hats. But like, if you know this information

691
00:31:09,800 --> 00:31:12,240
Speaker 4: and you're like, wow, this is amazing. I got rich

692
00:31:12,360 --> 00:31:14,960
Speaker 4: using this information, I'm going to pass this information down

693
00:31:15,040 --> 00:31:17,240
Speaker 4: to my son. I'm gonna take him to the country club.

694
00:31:17,400 --> 00:31:19,680
Speaker 4: We're gonna go tea off, and as we're teeing off,

695
00:31:19,680 --> 00:31:22,000
Speaker 4: I'm gonna explain to my son the rules of the world.

696
00:31:22,400 --> 00:31:25,600
Speaker 4: Right because I'm a to quote another book, I'm a

697
00:31:25,680 --> 00:31:28,160
Speaker 4: rich dad. Yes, and my rich son will know all

698
00:31:28,200 --> 00:31:29,200
Speaker 4: of this information too.

699
00:31:29,080 --> 00:31:30,800
Speaker 2: Of course, but not you're rich, tolda because that would

700
00:31:30,800 --> 00:31:31,840
Speaker 2: be ridiculous.

701
00:31:31,440 --> 00:31:34,640
Speaker 4: You know, because because my rich daughter doesn't have anything

702
00:31:34,640 --> 00:31:37,400
Speaker 4: to work about, because she married she's rich. She's gonna

703
00:31:37,400 --> 00:31:38,840
Speaker 4: marry a rich man. Because we grew up in the

704
00:31:38,880 --> 00:31:42,240
Speaker 4: society and in the game, in the gated community, somebody

705
00:31:42,280 --> 00:31:43,840
Speaker 4: else's rich son is going to take care of her,

706
00:31:44,600 --> 00:31:49,000
Speaker 4: and soroof fool proof plan. But it perpetuates and perpetuates,

707
00:31:49,240 --> 00:31:53,040
Speaker 4: and then these same communities just literally recycle money throughout

708
00:31:53,080 --> 00:31:54,560
Speaker 4: them because they know the secret.

709
00:31:54,640 --> 00:31:56,680
Speaker 5: Somebody way way way up.

710
00:31:56,600 --> 00:31:58,720
Speaker 4: The family tree, so far up that you you don't

711
00:31:58,720 --> 00:32:00,880
Speaker 4: even know what their name is. They managed to figure

712
00:32:00,880 --> 00:32:04,440
Speaker 4: it out. Good for them, But that information has now

713
00:32:04,480 --> 00:32:07,760
Speaker 4: been held in those family lines, in those communities for

714
00:32:07,840 --> 00:32:12,760
Speaker 4: so so long. And if you grow up to a

715
00:32:12,800 --> 00:32:16,040
Speaker 4: single mother who is working hard to put food on

716
00:32:16,080 --> 00:32:19,920
Speaker 4: the table, who is constantly stressed about making rent who

717
00:32:19,960 --> 00:32:22,400
Speaker 4: barely has any time to come to your soccer practice,

718
00:32:22,440 --> 00:32:25,000
Speaker 4: if you can even afford the soccer program to come

719
00:32:25,040 --> 00:32:26,160
Speaker 4: pick you up after school whatever.

720
00:32:26,920 --> 00:32:29,240
Speaker 5: Her biggest concern is not taking you to the golf course.

721
00:32:29,440 --> 00:32:32,120
Speaker 4: Oh absolutely, her biggest concern is feeding you and clothing

722
00:32:32,120 --> 00:32:33,760
Speaker 4: you and taking care of you and being a good parent.

723
00:32:33,800 --> 00:32:36,400
Speaker 4: And it's not necessarily like a shame on you for

724
00:32:36,480 --> 00:32:38,880
Speaker 4: not teaching your kid that. It's like mom probably didn't

725
00:32:38,880 --> 00:32:39,880
Speaker 4: know this information either.

726
00:32:40,080 --> 00:32:44,120
Speaker 2: No, that's because it wasn't afforded to her because unfortunately

727
00:32:44,160 --> 00:32:46,560
Speaker 2: she wasn't born into the right family. But do you

728
00:32:46,640 --> 00:32:49,760
Speaker 2: know what frustrates me the most about that that mom

729
00:32:49,800 --> 00:32:51,840
Speaker 2: worked harder than anybody else in that way. Her family

730
00:32:51,920 --> 00:32:56,480
Speaker 2: didn't she, and she like truly sacrificed her entire life,

731
00:32:56,840 --> 00:32:59,719
Speaker 2: her friends, her family, like the lifestyle goals she had

732
00:32:59,760 --> 00:33:02,280
Speaker 2: for herself to put that in front of you. And

733
00:33:02,320 --> 00:33:04,920
Speaker 2: I think that that's the most heartbreaking part about it,

734
00:33:05,000 --> 00:33:07,560
Speaker 2: because if we can teach those moms, we can teach

735
00:33:07,600 --> 00:33:11,160
Speaker 2: those kids that advice, they can start filtering it down

736
00:33:11,160 --> 00:33:14,160
Speaker 2: to their families and their kids and motivate them in

737
00:33:14,160 --> 00:33:17,040
Speaker 2: a way that they've never known how.

738
00:33:16,800 --> 00:33:20,360
Speaker 4: Before I've I mentioned this in the book that you

739
00:33:20,400 --> 00:33:24,600
Speaker 4: know my BFFs, I've lovingly dubbed them the leftovers.

740
00:33:25,680 --> 00:33:26,920
Speaker 5: So it's a lot of women, it's a.

741
00:33:26,880 --> 00:33:29,680
Speaker 4: Lot of people of color, it's members of the LGBTQ community.

742
00:33:29,680 --> 00:33:31,720
Speaker 4: It's people who grew up low income, people who are

743
00:33:31,840 --> 00:33:34,360
Speaker 4: in any way part of a marginalized community, immigrants, what

744
00:33:34,440 --> 00:33:38,000
Speaker 4: have you. And you know what happens when we give

745
00:33:38,000 --> 00:33:39,520
Speaker 4: those communities more money.

746
00:33:39,280 --> 00:33:41,520
Speaker 2: They get power and then they get powerful and they

747
00:33:41,520 --> 00:33:42,840
Speaker 2: can change their entire lives.

748
00:33:43,280 --> 00:33:46,480
Speaker 4: But also they put that money back into those communities.

749
00:33:46,520 --> 00:33:48,680
Speaker 4: It gets recycled into those community I want to know.

750
00:33:49,000 --> 00:33:51,200
Speaker 2: Yes, they're the ones that we want to be BFFs

751
00:33:51,240 --> 00:33:53,120
Speaker 2: with because they're the good eggs.

752
00:33:53,520 --> 00:33:56,920
Speaker 4: These good eggs then filter that information, both money and

753
00:33:56,960 --> 00:34:01,400
Speaker 4: information back into their communities and it helps to uplift

754
00:34:01,680 --> 00:34:04,480
Speaker 4: entire neighborhoods, entire segments of the population.

755
00:34:04,920 --> 00:34:06,960
Speaker 5: And when they do better, we all do better.

756
00:34:07,080 --> 00:34:08,560
Speaker 2: Do you know what my favorite coid is And it

757
00:34:08,600 --> 00:34:11,840
Speaker 2: is literally about that. It's a rising tide lifts bullships.

758
00:34:12,040 --> 00:34:14,200
Speaker 2: And I say it so often that my team is

759
00:34:14,239 --> 00:34:16,960
Speaker 2: so over me. They're like, Victoria, give it up. We've

760
00:34:16,960 --> 00:34:18,919
Speaker 2: heard it a million times. I'm like, and I will

761
00:34:18,920 --> 00:34:21,640
Speaker 2: say it a million more yeah, because it's just it's

762
00:34:21,719 --> 00:34:25,200
Speaker 2: so true. Put that in their pens of the people

763
00:34:25,280 --> 00:34:27,480
Speaker 2: that need it the most, and they're going to be

764
00:34:27,480 --> 00:34:30,440
Speaker 2: the most powerful with it because they want everybody else

765
00:34:30,560 --> 00:34:33,120
Speaker 2: to rise. Put it in the hands of the medio

766
00:34:33,160 --> 00:34:35,200
Speaker 2: and middle aged white men who want to gate keep

767
00:34:35,280 --> 00:34:37,040
Speaker 2: it and they'll give it to their son on a

768
00:34:37,080 --> 00:34:37,640
Speaker 2: golf course.

769
00:34:37,719 --> 00:34:41,000
Speaker 4: It's not even like the necessarily just middle aged, mediocre

770
00:34:41,040 --> 00:34:43,399
Speaker 4: white men, like they think about it to bring down

771
00:34:43,600 --> 00:34:48,320
Speaker 4: very one. But like corporations right, like we talk about, oh,

772
00:34:48,520 --> 00:34:51,920
Speaker 4: if we pass certain legislation so that corporations can save money,

773
00:34:51,960 --> 00:34:54,120
Speaker 4: they're going to pass that savings on to the consumer.

774
00:34:55,040 --> 00:34:57,799
Speaker 4: When in reality, have we ever seen that happen? Literally never,

775
00:34:58,040 --> 00:35:00,840
Speaker 4: Like you know what corporations do, They had their margins,

776
00:35:00,840 --> 00:35:02,920
Speaker 4: they make more money, and then they give their CEOs

777
00:35:02,960 --> 00:35:03,719
Speaker 4: bigger bonuses.

778
00:35:04,040 --> 00:35:06,280
Speaker 2: It breaks my heart. I was talking to my production

779
00:35:06,400 --> 00:35:09,879
Speaker 2: team here at iHeart earlier today because obviously I'm from

780
00:35:09,880 --> 00:35:13,760
Speaker 2: Australia and everything is so different like here in America,

781
00:35:13,880 --> 00:35:16,200
Speaker 2: like we tip like I have never done that before.

782
00:35:16,920 --> 00:35:19,399
Speaker 2: All the prices include the you know, the service fee,

783
00:35:19,400 --> 00:35:21,320
Speaker 2: the service charge plus tip, and I'm like, how do

784
00:35:21,360 --> 00:35:23,160
Speaker 2: you then add taxes? Like I'm not good at this,

785
00:35:23,440 --> 00:35:25,600
Speaker 2: Like I have never felt worse at money, Vivia, and

786
00:35:25,680 --> 00:35:28,520
Speaker 2: it is the worst. But I learned about your minimum

787
00:35:28,560 --> 00:35:30,000
Speaker 2: wages and I just.

788
00:35:30,160 --> 00:35:31,120
Speaker 4: Was sure, shut up.

789
00:35:31,880 --> 00:35:36,360
Speaker 2: I was so angry, like I was frustrated and disappointed,

790
00:35:36,480 --> 00:35:39,440
Speaker 2: and I completely understand how that works in the culture

791
00:35:39,520 --> 00:35:42,480
Speaker 2: of it all that, like these people aren't even earning

792
00:35:42,719 --> 00:35:46,120
Speaker 2: living wages to put food on their tables, and then

793
00:35:46,320 --> 00:35:49,480
Speaker 2: they're seeing content that gets rolled out about investing and

794
00:35:49,480 --> 00:35:51,399
Speaker 2: they're like, that's not for me. But then they see

795
00:35:51,400 --> 00:35:53,600
Speaker 2: you and they're like, she is for me, Like she

796
00:35:53,800 --> 00:35:56,360
Speaker 2: is my rich bff, and she wants to lift me.

797
00:35:56,520 --> 00:35:59,120
Speaker 2: And I just I get so excited about it because

798
00:35:59,360 --> 00:36:03,480
Speaker 2: obviously in internationally there are such differences in our economies

799
00:36:03,520 --> 00:36:06,560
Speaker 2: and what my economy looks like versus yours. But at

800
00:36:06,560 --> 00:36:09,360
Speaker 2: the end of the day, the money rules. And you

801
00:36:09,400 --> 00:36:11,880
Speaker 2: know you were talking earlier about this concept of strip

802
00:36:11,960 --> 00:36:15,239
Speaker 2: that's international, Like it doesn't matter where you live or

803
00:36:15,239 --> 00:36:18,000
Speaker 2: what you do, they're the basics and if you're given

804
00:36:18,000 --> 00:36:21,160
Speaker 2: the foundations, you can actually thrive. And I just I

805
00:36:21,200 --> 00:36:22,400
Speaker 2: get so excited about.

806
00:36:22,160 --> 00:36:26,719
Speaker 4: It, and I also think that this fear, this stress,

807
00:36:26,920 --> 00:36:34,759
Speaker 4: this just you know, concern around money. It spans countries,

808
00:36:35,200 --> 00:36:38,040
Speaker 4: any sort of borders, and even languages. I think there

809
00:36:38,040 --> 00:36:40,000
Speaker 4: are people in every single country who worry about money,

810
00:36:40,400 --> 00:36:41,120
Speaker 4: and it's most people.

811
00:36:41,320 --> 00:36:42,640
Speaker 5: Frankly, it's most people.

812
00:36:42,880 --> 00:36:45,279
Speaker 2: And unrelatable problem to not worry about, right.

813
00:36:46,239 --> 00:36:49,319
Speaker 4: I think a big part of addressing that concern and

814
00:36:49,320 --> 00:36:54,719
Speaker 4: addressing how to make things better is talking about the

815
00:36:54,800 --> 00:36:58,200
Speaker 4: actual amount we make, how much we spend, what we see,

816
00:36:58,280 --> 00:37:00,960
Speaker 4: what we invest, and making it really trans parent for people.

817
00:37:01,360 --> 00:37:04,719
Speaker 4: Because until people see the numbers, they're not going to

818
00:37:04,760 --> 00:37:08,200
Speaker 4: get it. And we can do what we can. But

819
00:37:09,200 --> 00:37:13,120
Speaker 4: I want everybody listening call your best friend, call them

820
00:37:13,160 --> 00:37:16,280
Speaker 4: and have a money date. Talk about money, talk about

821
00:37:16,360 --> 00:37:20,640
Speaker 4: what you make. Tell them that because when we talk

822
00:37:20,640 --> 00:37:24,040
Speaker 4: about money, we make it less taboo. And when we

823
00:37:24,120 --> 00:37:26,319
Speaker 4: all know what each other are earning, we all know

824
00:37:26,360 --> 00:37:28,680
Speaker 4: what we're spending on rent, we all know how we

825
00:37:28,719 --> 00:37:32,000
Speaker 4: can save and budget and use credit card points or

826
00:37:32,360 --> 00:37:35,160
Speaker 4: do better or buy a car for less and get

827
00:37:35,200 --> 00:37:39,000
Speaker 4: more out of our lives. We do better in corporations

828
00:37:39,040 --> 00:37:42,160
Speaker 4: do worse, and that's good. That is a very good outcome.

829
00:37:42,200 --> 00:37:43,920
Speaker 4: All right, let's go to a really quick break.

830
00:37:44,440 --> 00:37:46,759
Speaker 2: I love talking about this, but we are going to

831
00:37:46,760 --> 00:37:49,400
Speaker 2: flip to my favorite topic and testing, So guys do

832
00:37:49,560 --> 00:37:57,960
Speaker 2: not go anywhere, including you. Vivian all right, Vivian way back,

833
00:37:58,080 --> 00:38:01,520
Speaker 2: and I have loved out chat. Like I am so

834
00:38:01,760 --> 00:38:04,640
Speaker 2: upset that I haven't read your book already because it

835
00:38:04,640 --> 00:38:06,279
Speaker 2: hasn't come out yet and I've literally just.

836
00:38:06,200 --> 00:38:07,239
Speaker 4: Became just gifted her.

837
00:38:07,320 --> 00:38:10,839
Speaker 2: I'm corrected for the limited distribution, so like I've got

838
00:38:10,880 --> 00:38:12,840
Speaker 2: it on pre order. It's not because I was lazy

839
00:38:12,880 --> 00:38:15,240
Speaker 2: and didn't read the book of the person I was interviewing,

840
00:38:15,280 --> 00:38:19,359
Speaker 2: I promise, because usually I'm psycho about that. But in

841
00:38:19,400 --> 00:38:22,239
Speaker 2: your book, you obviously talk a lot about investing, and

842
00:38:22,280 --> 00:38:24,560
Speaker 2: as you said before, if you're not investing, it's like

843
00:38:24,600 --> 00:38:27,000
Speaker 2: going to the grocery store and they're not taking home

844
00:38:27,040 --> 00:38:30,520
Speaker 2: anything and wondering why your fridge is empty. So in

845
00:38:30,560 --> 00:38:33,640
Speaker 2: your experience, what do you think the biggest barrier is

846
00:38:33,680 --> 00:38:36,400
Speaker 2: that people face when they think about I guess taking

847
00:38:36,400 --> 00:38:40,600
Speaker 2: that first leap into investing, because it can be so overwhelming.

848
00:38:40,719 --> 00:38:43,879
Speaker 4: It's so overwhelming, it's so jargon heavy, and I think

849
00:38:43,920 --> 00:38:47,480
Speaker 4: there's a little bit of a myth that only people

850
00:38:47,560 --> 00:38:51,680
Speaker 4: who are rich can invest because you hear people talk

851
00:38:51,719 --> 00:38:53,680
Speaker 4: about like how your worth individuals, like the people you

852
00:38:53,800 --> 00:38:55,480
Speaker 4: used to work with, Like they're.

853
00:38:55,239 --> 00:38:57,680
Speaker 2: Just not my people, Vivian. Yeah, and they're not yours either.

854
00:38:57,960 --> 00:38:58,040
Speaker 1: No.

855
00:38:58,360 --> 00:39:00,560
Speaker 4: But you know what, people think that those are the

856
00:39:00,560 --> 00:39:01,840
Speaker 4: only people who can invest.

857
00:39:02,600 --> 00:39:03,200
Speaker 5: That's not true.

858
00:39:03,840 --> 00:39:07,719
Speaker 4: That's how they became high networth individuals is by investing.

859
00:39:07,800 --> 00:39:10,320
Speaker 2: Everyone started somewhere, correct.

860
00:39:10,719 --> 00:39:14,399
Speaker 4: And what I like to say is investing is the

861
00:39:14,440 --> 00:39:17,600
Speaker 4: only way that you, as a single human being, can

862
00:39:17,640 --> 00:39:19,759
Speaker 4: have a two income household without anybody else.

863
00:39:21,360 --> 00:39:24,719
Speaker 5: And why have one income when you can have two?

864
00:39:25,440 --> 00:39:26,359
Speaker 2: Sligh yep.

865
00:39:27,760 --> 00:39:31,680
Speaker 4: We have to think about ourselves as humans, right, How

866
00:39:31,719 --> 00:39:33,920
Speaker 4: many hours a day do you think you could feasibly

867
00:39:33,960 --> 00:39:34,960
Speaker 4: work before you're.

868
00:39:34,880 --> 00:39:37,040
Speaker 5: Like, I hate my life and I'm burned out me.

869
00:39:37,200 --> 00:39:39,799
Speaker 2: Personally, Well, it depends what I'm working on, babe, Like

870
00:39:39,920 --> 00:39:42,279
Speaker 2: four hours maybe four.

871
00:39:42,360 --> 00:39:43,919
Speaker 4: I thought you were going to go a little higher

872
00:39:43,960 --> 00:39:44,719
Speaker 4: than that, But that's true.

873
00:39:44,920 --> 00:39:49,440
Speaker 2: I'm joking. I'm joking. I am somebody who has burned themselves. Yeah,

874
00:39:49,440 --> 00:39:52,040
Speaker 2: Like as a financial advisor, Like I look back on it,

875
00:39:52,200 --> 00:39:54,439
Speaker 2: and I used to have this perception that you had

876
00:39:54,480 --> 00:39:57,160
Speaker 2: to be that get up at five am goalie, Like

877
00:39:57,200 --> 00:39:59,480
Speaker 2: I would go to the gym before getting my bullet

878
00:39:59,520 --> 00:40:01,920
Speaker 2: coffee and going to the office, like I wanted to

879
00:40:01,960 --> 00:40:04,440
Speaker 2: be the first person in the office. And this is

880
00:40:04,560 --> 00:40:08,280
Speaker 2: very like investing money finance world, Like if you're there before,

881
00:40:08,560 --> 00:40:11,960
Speaker 2: like your contract might say eight thirty am for a start,

882
00:40:12,000 --> 00:40:13,880
Speaker 2: oh no, no, no, like if you're not there at seven,

883
00:40:14,000 --> 00:40:16,279
Speaker 2: like what are you doing with your life? Yeah, And

884
00:40:16,360 --> 00:40:19,080
Speaker 2: so I used to think that was an indicator of success.

885
00:40:19,080 --> 00:40:21,360
Speaker 2: And I was doing like sixty seventy eighty hours a

886
00:40:21,400 --> 00:40:24,279
Speaker 2: week like quite often because I thought that was what

887
00:40:24,440 --> 00:40:27,959
Speaker 2: is expected of me. And it's not like it's gonna

888
00:40:27,960 --> 00:40:28,520
Speaker 2: burn you out.

889
00:40:28,560 --> 00:40:33,080
Speaker 4: That's unsustainable, it's super unsustainable. But if we think about

890
00:40:33,160 --> 00:40:38,399
Speaker 4: how much the average human being can fusibly work a day,

891
00:40:39,680 --> 00:40:42,080
Speaker 4: you end up with like a rough max of like

892
00:40:42,280 --> 00:40:45,279
Speaker 4: sixteen hours. That's like when like my fiance was in

893
00:40:45,400 --> 00:40:48,440
Speaker 4: the trenches of investment banking, living like the worst life possible.

894
00:40:49,880 --> 00:40:51,200
Speaker 4: Many people work about eight hours.

895
00:40:51,080 --> 00:40:53,600
Speaker 2: A day, which is very basonable, very.

896
00:40:53,440 --> 00:40:56,919
Speaker 4: Reasonable, But you really can't work more than that because

897
00:40:56,960 --> 00:40:58,839
Speaker 4: you still need to sleep, you still need to eat,

898
00:40:58,880 --> 00:41:00,600
Speaker 4: you still need to take a bathroom break, you need

899
00:41:00,640 --> 00:41:03,799
Speaker 4: to shower occasionally, and like live your life.

900
00:41:03,760 --> 00:41:07,360
Speaker 2: Only occasionally, only occasionally occasionally good same page.

901
00:41:08,600 --> 00:41:10,520
Speaker 4: Your money can work for you twenty four to seven.

902
00:41:10,719 --> 00:41:12,240
Speaker 2: Your money doesn't need a shower occasion.

903
00:41:12,360 --> 00:41:14,239
Speaker 4: Your money does not need a shower. Your money does

904
00:41:14,239 --> 00:41:16,200
Speaker 4: not need a lunch break. They don't need a bathroom break,

905
00:41:16,239 --> 00:41:18,400
Speaker 4: they don't need anything. They can work for you twenty

906
00:41:18,440 --> 00:41:21,479
Speaker 4: four to seven as they should, as it should because

907
00:41:21,520 --> 00:41:25,359
Speaker 4: you deserve it. And what's so amazing is that at

908
00:41:25,400 --> 00:41:28,359
Speaker 4: the beginning of your career it's really important to work

909
00:41:28,440 --> 00:41:31,359
Speaker 4: hard for your money. And as you start to earn

910
00:41:31,400 --> 00:41:33,680
Speaker 4: that money, if you are able to be really mindful

911
00:41:33,760 --> 00:41:37,680
Speaker 4: and start investing it, as time passes on, you will

912
00:41:37,719 --> 00:41:40,200
Speaker 4: do less and less of working hard for your money

913
00:41:40,400 --> 00:41:42,120
Speaker 4: and more and more of your money.

914
00:41:41,840 --> 00:41:42,799
Speaker 5: Working hard for you.

915
00:41:42,920 --> 00:41:46,600
Speaker 2: The magic of the very sexy compound interests correct, which

916
00:41:47,040 --> 00:41:50,759
Speaker 2: makes me so excited, But like that's overwhelming, Like where

917
00:41:50,800 --> 00:41:54,319
Speaker 2: do I start? If I am a gualie who you know,

918
00:41:54,719 --> 00:41:56,440
Speaker 2: I'm listening to this and I'm like, you guys are

919
00:41:56,440 --> 00:41:59,440
Speaker 2: so fun Like Vivian sounds like she's written the best

920
00:41:59,480 --> 00:42:00,680
Speaker 2: book in the end, I would, and I am a

921
00:42:00,719 --> 00:42:03,279
Speaker 2: thousand percent going to go rate it. What do I

922
00:42:03,320 --> 00:42:04,880
Speaker 2: need to do? As the very first step. Do I

923
00:42:04,960 --> 00:42:07,440
Speaker 2: need five dollars? Do I need fifty thousand dollars?

924
00:42:07,480 --> 00:42:07,560
Speaker 1: Like?

925
00:42:07,560 --> 00:42:09,799
Speaker 2: I feel like there's this misconception if you don't have

926
00:42:09,800 --> 00:42:11,800
Speaker 2: a minimum of like you know, a couple of thousand

927
00:42:11,880 --> 00:42:14,280
Speaker 2: to start, why boda? Is that the truth?

928
00:42:14,560 --> 00:42:17,240
Speaker 4: Not even a little bit. So we are not living

929
00:42:17,239 --> 00:42:20,759
Speaker 4: in our parents' generation. Now you can start investing with

930
00:42:21,080 --> 00:42:25,600
Speaker 4: literally a dollar because of something called fractional shares. This

931
00:42:25,840 --> 00:42:29,000
Speaker 4: is so exciting, so much fun. Essentially, I like to say,

932
00:42:29,239 --> 00:42:30,040
Speaker 4: think about this again.

933
00:42:30,120 --> 00:42:30,560
Speaker 5: Back in the.

934
00:42:30,520 --> 00:42:35,000
Speaker 4: Grocery store metaphor, what you need to do is pick

935
00:42:35,640 --> 00:42:38,680
Speaker 4: a purse. Okay, just a bag. Some people want to

936
00:42:38,719 --> 00:42:42,279
Speaker 4: take their whole foods tope bag. Some people take their

937
00:42:42,400 --> 00:42:46,040
Speaker 4: work purse. Some people just take a random plastic bag

938
00:42:46,040 --> 00:42:46,480
Speaker 4: that they have.

939
00:42:46,640 --> 00:42:49,000
Speaker 2: Just it's me, Yeah, that's me, random plastic bag. Let's go,

940
00:42:49,080 --> 00:42:49,920
Speaker 2: how are we investing?

941
00:42:50,320 --> 00:42:52,920
Speaker 4: Pick a bag, and this bag represents the type of

942
00:42:52,960 --> 00:42:56,640
Speaker 4: account you're opening. Some of these accounts are cooler than others.

943
00:42:56,680 --> 00:42:58,600
Speaker 4: Some of these bags are cooler than others. Maybe they

944
00:42:58,640 --> 00:43:01,040
Speaker 4: have tax benefits for retirement. Maybe they're just a standard

945
00:43:01,080 --> 00:43:04,160
Speaker 4: regular plastic bag, which is more of an individual brokerage

946
00:43:04,160 --> 00:43:08,239
Speaker 4: account something like that. But it doesn't super matter. There

947
00:43:08,280 --> 00:43:10,239
Speaker 4: are some bags that are better than others. But just

948
00:43:10,600 --> 00:43:11,120
Speaker 4: use an account.

949
00:43:11,200 --> 00:43:11,840
Speaker 5: Pick an account.

950
00:43:11,880 --> 00:43:13,360
Speaker 2: You just need a bag, and you just need need

951
00:43:13,400 --> 00:43:14,680
Speaker 2: to make sure it doesn't have holes in it.

952
00:43:14,680 --> 00:43:18,000
Speaker 4: Correct. Then what you do is you take your money

953
00:43:18,280 --> 00:43:20,719
Speaker 4: and you put it in the bag. So you take

954
00:43:20,840 --> 00:43:23,759
Speaker 4: cash out of a checking or savings account wherever you bank,

955
00:43:24,040 --> 00:43:27,480
Speaker 4: and you put it into this special bag. Then you

956
00:43:27,560 --> 00:43:30,800
Speaker 4: go to the store, the store being a brokerage. A

957
00:43:30,920 --> 00:43:34,120
Speaker 4: brokerage is anywhere that you are able to purchase securities.

958
00:43:34,520 --> 00:43:36,720
Speaker 4: These are a lot of the online platforms you probably

959
00:43:36,760 --> 00:43:39,719
Speaker 4: are really familiar with. And once you get there, this

960
00:43:39,760 --> 00:43:42,560
Speaker 4: is the part that everybody seems to faff. You can't

961
00:43:42,600 --> 00:43:44,680
Speaker 4: just again walk around the grocery store and leave. You

962
00:43:44,719 --> 00:43:50,360
Speaker 4: actually need to buy apples, tent don't. That was not

963
00:43:50,440 --> 00:43:52,920
Speaker 4: an investment advice to buy apple. Do not just oh,

964
00:43:53,280 --> 00:43:54,399
Speaker 4: put all your money into one center.

965
00:43:54,440 --> 00:43:54,520
Speaker 1: No.

966
00:43:54,600 --> 00:43:57,320
Speaker 2: I thought you genuinely meant the fruit, and that was

967
00:43:57,360 --> 00:43:59,880
Speaker 2: a good analogy of having really solid things that you

968
00:44:00,120 --> 00:44:01,080
Speaker 2: meant to have in your fridge.

969
00:44:01,280 --> 00:44:03,080
Speaker 4: But what I like to say is like you have

970
00:44:03,160 --> 00:44:05,320
Speaker 4: to buy your fruits, you have to buy your veggies,

971
00:44:05,400 --> 00:44:08,200
Speaker 4: you have to buy your grains, or your carbs. You

972
00:44:08,400 --> 00:44:10,239
Speaker 4: gotta get your meats, a little bit of cheese, a

973
00:44:10,239 --> 00:44:11,120
Speaker 4: couple of beverages.

974
00:44:11,320 --> 00:44:14,080
Speaker 2: We have some chocolate and yeah, only after we've done

975
00:44:14,080 --> 00:44:14,560
Speaker 2: the basics.

976
00:44:14,640 --> 00:44:17,720
Speaker 4: Yeah, a little bit chocolate just in case, and maybe

977
00:44:17,840 --> 00:44:21,720
Speaker 4: a one little tray of grocery store sushi because I'm disgusting.

978
00:44:21,960 --> 00:44:24,800
Speaker 2: No, that's not disgusting. That is that is an elite

979
00:44:24,960 --> 00:44:26,840
Speaker 2: form erect of dining.

980
00:44:26,680 --> 00:44:32,480
Speaker 4: Correct, and that is equivalent to you purchasing investments. And again,

981
00:44:32,640 --> 00:44:35,600
Speaker 4: like I mentioned, target day funds are great index funds

982
00:44:35,640 --> 00:44:38,640
Speaker 4: that track broader intoices. You can utilize these through the

983
00:44:38,640 --> 00:44:41,840
Speaker 4: form of ETFs, which are exchange traded funds. They're essentially

984
00:44:41,920 --> 00:44:45,359
Speaker 4: like baskets of stocks or mutual funds, which are again

985
00:44:45,440 --> 00:44:48,440
Speaker 4: more baskets of investments, but they're more typically managed by

986
00:44:48,480 --> 00:44:51,400
Speaker 4: a human being city behind a desk, or again just

987
00:44:51,440 --> 00:44:54,160
Speaker 4: pick a robo advisor. It's kind of like a what

988
00:44:54,160 --> 00:44:55,200
Speaker 4: do you guys have in Australia.

989
00:44:55,320 --> 00:44:57,320
Speaker 2: We have robo advisors in no, no, no, I'm trying.

990
00:44:57,120 --> 00:44:58,719
Speaker 4: To think what's the equivalent. So like we have like

991
00:44:59,040 --> 00:45:01,279
Speaker 4: go puff here or like oh keep hard.

992
00:45:01,440 --> 00:45:04,239
Speaker 2: Yeah, okay, we have like stock spot and stuff like that,

993
00:45:04,640 --> 00:45:07,440
Speaker 2: but we also have you were talking about fractional shares before,

994
00:45:07,480 --> 00:45:09,440
Speaker 2: and this isn't something that we've been able to access

995
00:45:09,440 --> 00:45:11,560
Speaker 2: for ages, because America is so ahead of us, and

996
00:45:11,600 --> 00:45:14,719
Speaker 2: I'm so annoyed. But we have a platform called Shares's,

997
00:45:14,719 --> 00:45:17,399
Speaker 2: which we champion in our community because you can buy

998
00:45:17,440 --> 00:45:20,080
Speaker 2: fractional shares, so like, just like you were saying, you

999
00:45:20,120 --> 00:45:22,319
Speaker 2: can invest for as little as a dollar. To us,

1000
00:45:22,400 --> 00:45:26,200
Speaker 2: that's quite new and it is so sexy and I'm

1001
00:45:26,360 --> 00:45:29,080
Speaker 2: so excited about it because it just brings so much

1002
00:45:29,080 --> 00:45:32,640
Speaker 2: more opportunity. Like some shares are hundreds of dollars per

1003
00:45:32,800 --> 00:45:36,520
Speaker 2: share or per stock, and you can buy a dollar

1004
00:45:36,520 --> 00:45:38,800
Speaker 2: worth of it if you still want exposure to that asset.

1005
00:45:38,880 --> 00:45:43,440
Speaker 2: And I just think it's so exciting when you can start.

1006
00:45:44,400 --> 00:45:46,480
Speaker 2: You become a big dog immediately you do.

1007
00:45:46,719 --> 00:45:50,840
Speaker 4: And it's think about like buying one grape out of

1008
00:45:50,840 --> 00:45:52,920
Speaker 4: a bushel of grapes or I guess whatever that might

1009
00:45:52,960 --> 00:45:53,680
Speaker 4: be all you need.

1010
00:45:53,760 --> 00:45:56,880
Speaker 2: I have no idea a bushel of grapes of yours, right, yeah,

1011
00:45:56,920 --> 00:45:59,800
Speaker 2: a cluster. We are good at money, not fruit fruits.

1012
00:46:00,080 --> 00:46:03,080
Speaker 4: Yes, but you can basically buy one chip out of

1013
00:46:03,080 --> 00:46:06,440
Speaker 4: the bag, one grape out of the bunch. One slice

1014
00:46:06,440 --> 00:46:07,920
Speaker 4: of turkey out of there, So it might be all

1015
00:46:08,000 --> 00:46:10,319
Speaker 4: you need. That might be all you need, but it's

1016
00:46:10,360 --> 00:46:13,319
Speaker 4: great to start with that. And so you can start

1017
00:46:13,320 --> 00:46:14,320
Speaker 4: with as little as a dollar.

1018
00:46:14,480 --> 00:46:16,120
Speaker 5: It's so easy.

1019
00:46:15,880 --> 00:46:21,440
Speaker 4: And truly don't overthink it, like I feel like the

1020
00:46:21,560 --> 00:46:24,960
Speaker 4: longer you wait, the worse off you'll likely be. Whereas

1021
00:46:25,080 --> 00:46:29,560
Speaker 4: even just starting with a couple dollars, like, what's losing

1022
00:46:29,640 --> 00:46:32,680
Speaker 4: three dollars to you? It's probably not a huge deal.

1023
00:46:33,040 --> 00:46:35,520
Speaker 4: Let's start with three dollars, see what happens, and once

1024
00:46:35,560 --> 00:46:38,480
Speaker 4: you get really really comfortable, move on now.

1025
00:46:39,280 --> 00:46:43,080
Speaker 2: Yes, one day and you're going to be rich. Yeah right,

1026
00:46:43,239 --> 00:46:46,279
Speaker 2: that's right, ah sligh. All right, let's take it a

1027
00:46:46,360 --> 00:46:48,600
Speaker 2: back a step. We're talking about the golf course and

1028
00:46:48,680 --> 00:46:51,280
Speaker 2: how all the little boys get to go to golf

1029
00:46:51,320 --> 00:46:55,360
Speaker 2: course and learn really early about money. We have in

1030
00:46:55,400 --> 00:46:58,200
Speaker 2: the shes on the Money community member, so many members

1031
00:46:58,239 --> 00:47:00,960
Speaker 2: who ask me about investing fear kids and what that

1032
00:47:01,000 --> 00:47:03,520
Speaker 2: looks like. What do you think the most effective way

1033
00:47:03,840 --> 00:47:06,319
Speaker 2: to invest for kids is and what that looks like

1034
00:47:06,440 --> 00:47:09,080
Speaker 2: in ways that we can I guess build wealth for

1035
00:47:09,239 --> 00:47:11,080
Speaker 2: families through investing.

1036
00:47:11,360 --> 00:47:14,480
Speaker 4: Yeah, so I'm not sure if there's necessarily an equivalent

1037
00:47:14,480 --> 00:47:17,799
Speaker 4: account in Australia. However, in the US, you can open

1038
00:47:17,880 --> 00:47:21,279
Speaker 4: up something called a custodial roth i array, which is

1039
00:47:21,480 --> 00:47:25,720
Speaker 4: so wonderful. It essentially is the similar retirement account except

1040
00:47:25,840 --> 00:47:29,160
Speaker 4: for your kid, and before they become a legal age,

1041
00:47:29,520 --> 00:47:33,600
Speaker 4: you are able to start putting their earned income into

1042
00:47:33,600 --> 00:47:34,280
Speaker 4: these accounts.

1043
00:47:34,680 --> 00:47:38,600
Speaker 5: So say your kid mo'slams or.

1044
00:47:38,560 --> 00:47:44,280
Speaker 4: Babysits, or you are an influencer and have a wonderful

1045
00:47:44,280 --> 00:47:47,920
Speaker 4: podcast and your kid is in part of the marketing

1046
00:47:47,920 --> 00:47:49,120
Speaker 4: materials or some of the photos.

1047
00:47:49,320 --> 00:47:51,080
Speaker 2: Yeah, like we're commercializing this baby.

1048
00:47:51,160 --> 00:47:53,319
Speaker 4: Yes, like the baby gone to work. This baby does

1049
00:47:53,320 --> 00:47:54,000
Speaker 4: not get to live in the house.

1050
00:47:54,040 --> 00:47:56,280
Speaker 2: Run. You are not gonna be nepo baby. I'm telling

1051
00:47:56,320 --> 00:47:58,239
Speaker 2: you that right now. Yea are going to know you're

1052
00:47:58,320 --> 00:47:59,080
Speaker 2: worth Yes.

1053
00:47:59,400 --> 00:48:02,520
Speaker 4: So if they have earned income, the parent can then

1054
00:48:02,560 --> 00:48:05,120
Speaker 4: help put that money into that account for that kid.

1055
00:48:05,520 --> 00:48:07,680
Speaker 4: That money can start growing right off of the bat,

1056
00:48:07,920 --> 00:48:12,800
Speaker 4: start immediately compounding. And what's so amazing is that you know, again,

1057
00:48:12,840 --> 00:48:14,720
Speaker 4: this custodial roth iray has a lot of the benefits

1058
00:48:14,719 --> 00:48:17,000
Speaker 4: that a normal roth IArray would have, meaning you can

1059
00:48:17,040 --> 00:48:20,080
Speaker 4: take any of the contributions out at any time penalty free.

1060
00:48:20,080 --> 00:48:22,759
Speaker 4: You just can't withdraw the earnings, but that money can

1061
00:48:22,800 --> 00:48:26,560
Speaker 4: be used to help fund their future retirement or potentially

1062
00:48:26,600 --> 00:48:29,440
Speaker 4: a big house purchase down the line, or if they

1063
00:48:29,480 --> 00:48:31,560
Speaker 4: need money for anything else like that money can be

1064
00:48:31,640 --> 00:48:34,439
Speaker 4: utilized for a lot of things. And if you don't

1065
00:48:34,480 --> 00:48:37,719
Speaker 4: touch it, they're gonna be totally set and they're gonna

1066
00:48:37,719 --> 00:48:40,919
Speaker 4: be a millionaire, almost guaranteed if you're putting a couple

1067
00:48:41,040 --> 00:48:43,480
Speaker 4: hundred dollars in each month by the time they retire.

1068
00:48:43,600 --> 00:48:47,760
Speaker 4: And that is comfort and financial freedom that like, frankly

1069
00:48:47,800 --> 00:48:49,919
Speaker 4: I didn't have growing up, Like I did not have,

1070
00:48:50,520 --> 00:48:52,040
Speaker 4: you know, any sort of like trust fund set up

1071
00:48:52,120 --> 00:48:52,560
Speaker 4: or anything like that.

1072
00:48:52,600 --> 00:48:54,000
Speaker 2: But like, I'd love to do that for my kids.

1073
00:48:54,040 --> 00:48:56,440
Speaker 2: I'm still waiting for my parents to turn around one

1074
00:48:56,480 --> 00:48:59,120
Speaker 2: day and be like, Victoria, we have just been trying

1075
00:48:59,120 --> 00:49:01,680
Speaker 2: to teach you to be huh, we actually have a

1076
00:49:01,760 --> 00:49:04,120
Speaker 2: trust fund for you, but we wanted you to work

1077
00:49:04,160 --> 00:49:05,879
Speaker 2: it out on your own. They haven't done that yet.

1078
00:49:05,920 --> 00:49:08,360
Speaker 2: I'm in my thirties. Maybe it all happened in my forties.

1079
00:49:08,640 --> 00:49:11,680
Speaker 4: Actually, uh, Victoria, we need to tell you a big

1080
00:49:11,719 --> 00:49:14,560
Speaker 4: secret of the family. You are the princess of Genovia.

1081
00:49:14,680 --> 00:49:19,120
Speaker 2: Yes see, I would be living my best life. The

1082
00:49:19,200 --> 00:49:22,319
Speaker 2: custodial roth Ira sadly isn't available in Australia, but we

1083
00:49:22,400 --> 00:49:25,440
Speaker 2: have something relatively similar called an investment bond that you

1084
00:49:25,480 --> 00:49:28,719
Speaker 2: can use for children in Australia. I would love it

1085
00:49:28,800 --> 00:49:32,680
Speaker 2: if there was an ability to open a sernuation fund

1086
00:49:32,760 --> 00:49:36,920
Speaker 2: for kids because in Australia the tax system honestly on kids.

1087
00:49:37,000 --> 00:49:40,200
Speaker 2: It makes sense because it's meant to stop the rich

1088
00:49:40,280 --> 00:49:43,759
Speaker 2: getting richer and distributing their income to their children. So

1089
00:49:43,920 --> 00:49:46,120
Speaker 2: kids actually in Australia have a tax rate of about

1090
00:49:46,120 --> 00:49:48,600
Speaker 2: sixty five percent. Oh wow, so they're like, oh, that's

1091
00:49:48,600 --> 00:49:50,759
Speaker 2: a bad idea. Obviously, if you're really rich, you're not

1092
00:49:50,800 --> 00:49:53,720
Speaker 2: going to choose to distribute income from your family trust

1093
00:49:53,840 --> 00:49:56,800
Speaker 2: to your children in that case, but it shoots people

1094
00:49:57,200 --> 00:49:59,800
Speaker 2: who are in our communities who want to start early

1095
00:50:00,120 --> 00:50:03,080
Speaker 2: get their kids ahead. So a investment bond could be

1096
00:50:03,120 --> 00:50:04,839
Speaker 2: something that might work for you. So have a look

1097
00:50:04,840 --> 00:50:07,359
Speaker 2: into that. Because obviously a customer of your roth ira

1098
00:50:07,960 --> 00:50:11,920
Speaker 2: is very sexy. I love sexy. I'm very jealous, but

1099
00:50:12,000 --> 00:50:15,160
Speaker 2: I can't have one, so I love it. Let's wrap

1100
00:50:15,239 --> 00:50:18,840
Speaker 2: up investing because obviously in finance we cover a lot

1101
00:50:18,880 --> 00:50:22,120
Speaker 2: of I would say, burning topics. But what is one

1102
00:50:22,280 --> 00:50:26,320
Speaker 2: question that you wish people would ask you when they interview,

1103
00:50:26,880 --> 00:50:29,400
Speaker 2: Like you get to tell me what to ask you.

1104
00:50:29,640 --> 00:50:31,799
Speaker 2: What's the most powerful question I could ask you in

1105
00:50:31,840 --> 00:50:32,320
Speaker 2: this moment?

1106
00:50:33,000 --> 00:50:36,319
Speaker 4: Probably what money topics you need to talk about with

1107
00:50:36,360 --> 00:50:36,920
Speaker 4: a partner?

1108
00:50:37,160 --> 00:50:37,359
Speaker 1: Oh?

1109
00:50:37,480 --> 00:50:39,960
Speaker 2: Yes, by see tell me what money topics do I

1110
00:50:40,000 --> 00:50:43,240
Speaker 2: need to ask my partner about? What a good idea?

1111
00:50:43,360 --> 00:50:44,840
Speaker 2: I came up with it myself.

1112
00:50:46,760 --> 00:50:48,759
Speaker 4: I am very much of the camp that you need

1113
00:50:48,760 --> 00:50:51,279
Speaker 4: to be asking your partner about any death they have,

1114
00:50:51,840 --> 00:50:54,480
Speaker 4: about how much they have in savings, what they make

1115
00:50:54,520 --> 00:50:57,759
Speaker 4: every year, what they're happily ever after looks like if

1116
00:50:57,760 --> 00:51:00,719
Speaker 4: they plan on helping support their parents, how many kids

1117
00:51:00,760 --> 00:51:03,560
Speaker 4: they want to have, where they want to live, what

1118
00:51:03,640 --> 00:51:07,360
Speaker 4: are their views on splitting expenses, what type of wedding

1119
00:51:07,360 --> 00:51:10,560
Speaker 4: they're looking forward to, basically everything. And that's the problem,

1120
00:51:10,680 --> 00:51:13,120
Speaker 4: right because I don't know if the divorce rate is

1121
00:51:13,160 --> 00:51:14,480
Speaker 4: as high as it is in the US.

1122
00:51:15,880 --> 00:51:17,840
Speaker 5: Yeah, it's like fifty percent here.

1123
00:51:17,640 --> 00:51:23,600
Speaker 4: And that's troublesome because sex and money rank as numbers

1124
00:51:23,680 --> 00:51:27,239
Speaker 4: one and two on topics as reasons why couples fight.

1125
00:51:27,760 --> 00:51:30,680
Speaker 4: And can you imagine if you were just able to

1126
00:51:31,360 --> 00:51:32,560
Speaker 4: never fight about money.

1127
00:51:32,600 --> 00:51:35,239
Speaker 2: Ever, again, that would be the best thing in the

1128
00:51:35,360 --> 00:51:35,960
Speaker 2: entire world.

1129
00:51:36,080 --> 00:51:38,960
Speaker 4: You would be saving on so much heartache, so many fights,

1130
00:51:39,000 --> 00:51:42,479
Speaker 4: so many arguments. And the reason why people fight about

1131
00:51:42,520 --> 00:51:46,960
Speaker 4: money is because one secrets are revealed late in the game,

1132
00:51:47,680 --> 00:51:51,319
Speaker 4: or there's a disagreement about your fundamental views on what

1133
00:51:51,360 --> 00:51:54,560
Speaker 4: a dollar is worth. And these are conversations.

1134
00:51:53,960 --> 00:51:56,839
Speaker 2: You need to be having when you decide to marry them,

1135
00:51:56,880 --> 00:51:57,319
Speaker 2: before you.

1136
00:51:57,280 --> 00:52:00,399
Speaker 4: Decide to get the government involved. Please, And so it's

1137
00:52:00,400 --> 00:52:03,640
Speaker 4: so important to have these conversations right because I truly

1138
00:52:03,680 --> 00:52:06,520
Speaker 4: think who you choose as a partner is one of

1139
00:52:06,560 --> 00:52:08,400
Speaker 4: the most important decisions you will ever make in your

1140
00:52:08,480 --> 00:52:09,920
Speaker 4: entire lifetime, if not the most important.

1141
00:52:09,920 --> 00:52:11,400
Speaker 2: I could not agree more.

1142
00:52:11,239 --> 00:52:17,040
Speaker 4: Because if your partner is a sparkling baby angel, amazing,

1143
00:52:18,160 --> 00:52:21,919
Speaker 4: you are going to have like unfiltered support. You're gonna

1144
00:52:21,960 --> 00:52:23,919
Speaker 4: have a conscientious partner. You're gonna have someone who lifts

1145
00:52:23,960 --> 00:52:26,440
Speaker 4: you up, someone who supports you, someone who's great. But

1146
00:52:26,480 --> 00:52:30,480
Speaker 4: if you have like a demon hater at home, imagine

1147
00:52:30,520 --> 00:52:31,799
Speaker 4: having a hater at home.

1148
00:52:31,760 --> 00:52:34,040
Speaker 2: Like one out of ten, Like that does not sounds

1149
00:52:34,040 --> 00:52:34,719
Speaker 2: like a good time.

1150
00:52:34,920 --> 00:52:37,880
Speaker 4: No, like you are going home to try and have

1151
00:52:37,880 --> 00:52:39,719
Speaker 4: that be your safe space. And then you have someone

1152
00:52:39,760 --> 00:52:41,920
Speaker 4: who's like, I don't think you should take that job off,

1153
00:52:41,960 --> 00:52:44,080
Speaker 4: or that's not a good idea, or like I don't

1154
00:52:44,080 --> 00:52:46,000
Speaker 4: think you should start the side hustle that you want

1155
00:52:46,000 --> 00:52:48,160
Speaker 4: to do, or your passionate proudding like you're such a.

1156
00:52:48,120 --> 00:52:50,919
Speaker 2: Ready flag, like red flag, get out of my house.

1157
00:52:51,080 --> 00:52:54,480
Speaker 4: Yes, Like you want to have a partner who believes

1158
00:52:54,480 --> 00:52:56,680
Speaker 4: in you when you don't believe in you, and you

1159
00:52:56,719 --> 00:52:59,799
Speaker 4: want to have that person not necessarily be rich, but

1160
00:52:59,840 --> 00:53:02,280
Speaker 4: they better be financially stable, and they better have a plan.

1161
00:53:02,560 --> 00:53:04,480
Speaker 4: It's okay for them to have debt, it's okay for

1162
00:53:04,600 --> 00:53:06,319
Speaker 4: them to not have a ton of money. It's okay

1163
00:53:06,360 --> 00:53:08,120
Speaker 4: for them to not make a ton of money, But

1164
00:53:08,200 --> 00:53:11,239
Speaker 4: what's their plan to make enough money paid on that

1165
00:53:11,320 --> 00:53:13,239
Speaker 4: debt and have enough savings to do all the things

1166
00:53:13,239 --> 00:53:14,440
Speaker 4: they want to do in their life. Because if they

1167
00:53:14,440 --> 00:53:16,720
Speaker 4: don't have a plan, you're not going anywhere fast.

1168
00:53:17,160 --> 00:53:19,399
Speaker 2: And if your partner doesn't want to do that, maybe

1169
00:53:19,440 --> 00:53:21,040
Speaker 2: have a little bit of a think about it. But

1170
00:53:21,160 --> 00:53:23,399
Speaker 2: Vivian's partner, I can almost guarantee, is going to listen

1171
00:53:23,400 --> 00:53:25,960
Speaker 2: to this episode and be like, that's me, guys, she

1172
00:53:26,080 --> 00:53:27,279
Speaker 2: yeah talking about me.

1173
00:53:27,920 --> 00:53:30,160
Speaker 4: Can I tell you? I talked about him on another

1174
00:53:30,239 --> 00:53:34,080
Speaker 4: podcast and I caught him listening to it and I

1175
00:53:34,120 --> 00:53:36,520
Speaker 4: was like, wait, are you like listening to this in secret?

1176
00:53:36,560 --> 00:53:38,480
Speaker 4: We were on vacation and I caught him listening to

1177
00:53:38,520 --> 00:53:40,040
Speaker 4: it with his headphones in, and I was like.

1178
00:53:39,960 --> 00:53:40,560
Speaker 2: I love him.

1179
00:53:40,760 --> 00:53:43,640
Speaker 4: He's your biggest family, He's my biggest thing. But I

1180
00:53:43,719 --> 00:53:45,600
Speaker 4: was like, were you checking to see if I said

1181
00:53:45,600 --> 00:53:47,239
Speaker 4: anything bad? And he was like, no, I don't think

1182
00:53:47,239 --> 00:53:49,279
Speaker 4: he would say anything bad because I don't do anything bad.

1183
00:53:49,280 --> 00:53:51,960
Speaker 4: And I was like, fair fah feah.

1184
00:53:52,080 --> 00:53:54,279
Speaker 2: I feel like that's like my husband who I am

1185
00:53:54,320 --> 00:53:57,799
Speaker 2: obsessed with, and he's exactly the same. And like way

1186
00:53:57,920 --> 00:53:59,920
Speaker 2: when it comes to money, like when we got together,

1187
00:54:00,040 --> 00:54:03,040
Speaker 2: I was in debt, Like we went through that journey together.

1188
00:54:03,120 --> 00:54:05,960
Speaker 2: It's not as though I, you know, came into this

1189
00:54:06,040 --> 00:54:08,320
Speaker 2: and was like, hey, money's really easy. It was hard,

1190
00:54:08,360 --> 00:54:11,799
Speaker 2: but the whole time we had these conversations and now

1191
00:54:11,840 --> 00:54:14,399
Speaker 2: it's so easy because we respect each other.

1192
00:54:15,040 --> 00:54:17,839
Speaker 4: My fiance and I can I say like, first off,

1193
00:54:17,880 --> 00:54:19,759
Speaker 4: we rarely fight because I feel like we have one

1194
00:54:19,800 --> 00:54:21,120
Speaker 4: brain that we share same.

1195
00:54:21,320 --> 00:54:23,080
Speaker 2: People are like, why don't you fight? I'm like, because

1196
00:54:23,080 --> 00:54:24,759
Speaker 2: I've never had an original thought.

1197
00:54:24,800 --> 00:54:29,680
Speaker 4: Literally, but we've never ever thought about money because we've

1198
00:54:29,719 --> 00:54:32,000
Speaker 4: made it such a priority to talk about it every

1199
00:54:32,040 --> 00:54:35,720
Speaker 4: single month, every single week, and frankly all the time,

1200
00:54:36,040 --> 00:54:37,799
Speaker 4: so that we're always on the same page. How much

1201
00:54:37,840 --> 00:54:39,879
Speaker 4: we want to spend on XYZ for our wedding, how

1202
00:54:39,920 --> 00:54:42,560
Speaker 4: much do we want to be gifting our parents in

1203
00:54:42,640 --> 00:54:44,840
Speaker 4: laws whatever for the holidays, what do we want to

1204
00:54:44,840 --> 00:54:46,759
Speaker 4: be spending on vacations on It.

1205
00:54:46,719 --> 00:54:49,200
Speaker 2: Makes me so everything like that is so sex And.

1206
00:54:49,840 --> 00:54:53,240
Speaker 4: He's the one who pushed me to take your bff

1207
00:54:53,280 --> 00:54:55,040
Speaker 4: full time, Like this would not exist without this man.

1208
00:54:55,120 --> 00:54:57,840
Speaker 2: Yeah, and if you don't have the biggest supporter at home,

1209
00:54:58,320 --> 00:55:00,279
Speaker 2: you're not going to be able to create the life

1210
00:55:00,280 --> 00:55:02,840
Speaker 2: that you deserve. Correct one out of ten. So the

1211
00:55:02,920 --> 00:55:06,360
Speaker 2: advice here from this podcast is by Vivian's book and

1212
00:55:06,719 --> 00:55:10,279
Speaker 2: marry or intend to marry an investment banker is no, no, no.

1213
00:55:10,560 --> 00:55:12,480
Speaker 2: I mean that's what I'm getting from this because he

1214
00:55:12,560 --> 00:55:15,360
Speaker 2: seems really switched on and wants to talk about exactly

1215
00:55:15,560 --> 00:55:15,759
Speaker 2: you know.

1216
00:55:16,120 --> 00:55:19,600
Speaker 4: I think for me, dating someone in finance was really

1217
00:55:19,719 --> 00:55:23,800
Speaker 4: nice because I had crazy hours, I had to cancel

1218
00:55:23,880 --> 00:55:25,759
Speaker 4: last minute on dates sometimes.

1219
00:55:25,600 --> 00:55:27,400
Speaker 2: I got it and he was on your page.

1220
00:55:27,440 --> 00:55:29,280
Speaker 4: So that's why because we worked.

1221
00:55:29,040 --> 00:55:31,480
Speaker 2: I didn't make an investment banker because they're rich. I mean,

1222
00:55:31,480 --> 00:55:33,640
Speaker 2: that's another perk. But also I think.

1223
00:55:33,480 --> 00:55:36,040
Speaker 4: It's just he understood what I was going through and

1224
00:55:36,080 --> 00:55:39,120
Speaker 4: so we had so much to you know, share. But

1225
00:55:39,320 --> 00:55:42,640
Speaker 4: I think just marrying and dating someone who values a

1226
00:55:42,680 --> 00:55:45,480
Speaker 4: dollar the same way you do, and values you and

1227
00:55:45,560 --> 00:55:48,480
Speaker 4: believes in you even more than you believe in yourself,

1228
00:55:48,920 --> 00:55:50,279
Speaker 4: I think that's the key.

1229
00:55:50,520 --> 00:55:52,680
Speaker 2: That's so beautiful. I feel like that's a really good

1230
00:55:52,760 --> 00:55:55,200
Speaker 2: place to leave it. So, Vivian, I want to know

1231
00:55:55,560 --> 00:55:57,719
Speaker 2: where can I find you? Where can I order your book?

1232
00:55:57,719 --> 00:56:00,399
Speaker 2: Where can I consume more of you? Because you are

1233
00:56:00,880 --> 00:56:04,480
Speaker 2: such joy Like I'm so excited to have met you.

1234
00:56:04,560 --> 00:56:07,280
Speaker 2: I just feel like our community is going to embrace

1235
00:56:07,320 --> 00:56:09,440
Speaker 2: this wholeheartedly. But like I need more. I need to

1236
00:56:09,600 --> 00:56:12,560
Speaker 2: have strip in literally written form, and I'm assuming it's

1237
00:56:12,560 --> 00:56:13,160
Speaker 2: in your book.

1238
00:56:13,440 --> 00:56:15,719
Speaker 4: Well, thank you so much for sharing me with that.

1239
00:56:15,800 --> 00:56:19,080
Speaker 4: She's on the money community. You can purchase my book

1240
00:56:19,120 --> 00:56:22,959
Speaker 4: at richaf dot me. Yes, the url is a manifestation

1241
00:56:23,360 --> 00:56:26,359
Speaker 4: lay time absan. We love it so rich af dot

1242
00:56:26,400 --> 00:56:29,600
Speaker 4: me for the book, order url and then you can

1243
00:56:29,640 --> 00:56:32,840
Speaker 4: find me across social media as your rich BFF and

1244
00:56:32,880 --> 00:56:35,600
Speaker 4: I also have a podcast called net Worth and Chill.

1245
00:56:36,000 --> 00:56:37,600
Speaker 2: I love it. I am going to be listening to

1246
00:56:37,640 --> 00:56:41,360
Speaker 2: every single episode. I cannot wait to run into you

1247
00:56:41,440 --> 00:56:43,960
Speaker 2: again because we have so much to talk about, but

1248
00:56:44,000 --> 00:56:46,680
Speaker 2: you guys, unfortunately, that is all we have time for today.

1249
00:56:46,680 --> 00:56:49,360
Speaker 2: So Vivian, thank you for being so generous with yours.

1250
00:56:49,520 --> 00:56:50,560
Speaker 5: Thank you so much for having me.

1251
00:56:56,400 --> 00:56:58,560
Speaker 2: The ad by shared on She's on the Money is

1252
00:56:58,600 --> 00:57:02,840
Speaker 2: generally nature and does not consider your individual circumstances. She's

1253
00:57:02,880 --> 00:57:06,360
Speaker 2: on the Money exists purely for educational purposes and should

1254
00:57:06,360 --> 00:57:09,560
Speaker 2: not be relied upon to make an investment or financial decision.

1255
00:57:09,920 --> 00:57:12,399
Speaker 2: If you do choose to buy a financial product, read

1256
00:57:12,400 --> 00:57:16,560
Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards

1257
00:57:16,560 --> 00:57:19,880
Speaker 2: your needs. Victoria Divine and She's on the Money are

1258
00:57:19,920 --> 00:57:24,919
Speaker 2: authorized representatives of Money SHERPA, pty Ltd ABN three two

1259
00:57:24,960 --> 00:57:28,919
Speaker 2: one six four nine two seven seven zero eight AFSL

1260
00:57:29,080 --> 00:57:33,280
Speaker 2: four five one two eight nine