1 00:00:01,320 --> 00:00:03,120 Speaker 1: She's on the Money. 2 00:00:03,279 --> 00:00:05,479 Speaker 2: She's on the Money. 3 00:00:16,600 --> 00:00:19,920 Speaker 1: Hello, and welcome to She's on the Money's Friday Dreams. 4 00:00:20,120 --> 00:00:22,119 Speaker 1: Now you guys all know by now. My name is 5 00:00:22,200 --> 00:00:25,400 Speaker 1: Victoria Devine. I'm a financial advisor, I'm a millennial, and 6 00:00:25,440 --> 00:00:29,360 Speaker 1: I'm a woman who is wildly passionate about financial freedom. Now, 7 00:00:29,440 --> 00:00:32,840 Speaker 1: our friend Georgia, she's back this week, which is very exciting, 8 00:00:32,960 --> 00:00:35,920 Speaker 1: And this week we are also joined again by Ryan 9 00:00:36,000 --> 00:00:39,760 Speaker 1: and Jess Well the very second episode Friday Drinks episode 10 00:00:39,800 --> 00:00:43,120 Speaker 1: of twenty twenty one. Now, this week we're going to 11 00:00:43,200 --> 00:00:46,400 Speaker 1: be talking all things investment, in line with the investment 12 00:00:46,440 --> 00:00:49,720 Speaker 1: episode we did on Wednesday, which is very exciting. But 13 00:00:50,479 --> 00:00:53,640 Speaker 1: first and foremost, friends, let's go through the Facebook group 14 00:00:53,680 --> 00:00:56,640 Speaker 1: and talk about our favorite posts of the week and 15 00:00:56,680 --> 00:00:59,160 Speaker 1: what we've seen going on in there, because it is 16 00:00:59,280 --> 00:01:02,560 Speaker 1: arguably my favorite place on the internet. Let's start with you, 17 00:01:02,640 --> 00:01:03,200 Speaker 1: Georgia King. 18 00:01:03,320 --> 00:01:04,600 Speaker 2: Oh fabulous, I'm glad. 19 00:01:04,600 --> 00:01:07,080 Speaker 1: I'm so prepared, although I've been told not to call 20 00:01:07,120 --> 00:01:10,800 Speaker 1: you Georgia King anymore. So, Georgia, would you like you. 21 00:01:10,720 --> 00:01:11,440 Speaker 2: Call me what you want? 22 00:01:11,480 --> 00:01:15,920 Speaker 1: Girl, I'll do when you're around. Georgia, would you like 23 00:01:16,000 --> 00:01:18,440 Speaker 1: to start or should we let the fam know that 24 00:01:18,440 --> 00:01:20,920 Speaker 1: we've got some delightful vodka cruises. 25 00:01:21,160 --> 00:01:22,320 Speaker 3: I didn't know if we were going to be talking 26 00:01:22,319 --> 00:01:22,680 Speaker 3: about that. 27 00:01:22,720 --> 00:01:23,120 Speaker 1: Should we? 28 00:01:23,160 --> 00:01:25,120 Speaker 3: I mean we should because it justifies our laughing. When 29 00:01:25,200 --> 00:01:26,240 Speaker 3: Jess tried to drink. 30 00:01:26,000 --> 00:01:30,240 Speaker 2: The whole yeah, I was like, I can't drink. 31 00:01:30,480 --> 00:01:32,640 Speaker 3: You're going to get I'm just but you know you 32 00:01:32,680 --> 00:01:34,240 Speaker 3: can just sit at the top without putting the whole 33 00:01:34,240 --> 00:01:39,880 Speaker 3: bottom to this. Have we killed enough time for Georgia 34 00:01:39,920 --> 00:01:42,440 Speaker 3: to have found Yeah, we've got one. 35 00:01:42,520 --> 00:01:45,280 Speaker 2: Okay, so I'm going to start off quite gently here 36 00:01:45,360 --> 00:01:46,840 Speaker 2: because I don't know what you guys have in store. 37 00:01:47,120 --> 00:01:50,080 Speaker 2: So this one is from Belinda. Instead of purchasing a 38 00:01:50,080 --> 00:01:52,520 Speaker 2: book online that can be quite pricey, you. 39 00:01:52,480 --> 00:01:54,320 Speaker 1: Saw this one. Always saw this one. 40 00:01:54,520 --> 00:01:57,480 Speaker 2: So she was going to buy on the Kindle app 41 00:01:57,480 --> 00:02:00,160 Speaker 2: for fifteen dollars, but instead she went on the lip 42 00:02:00,400 --> 00:02:03,160 Speaker 2: app so not even the library, and she found an 43 00:02:03,160 --> 00:02:05,840 Speaker 2: e book for free from the library. Did anyone know 44 00:02:05,920 --> 00:02:06,400 Speaker 2: that was a thing? 45 00:02:06,880 --> 00:02:07,800 Speaker 1: What's libby app? 46 00:02:07,880 --> 00:02:10,120 Speaker 2: I'm assuming it's like a library app. 47 00:02:10,240 --> 00:02:12,080 Speaker 4: It sounds like the millennial version of a library. 48 00:02:12,160 --> 00:02:14,880 Speaker 3: Yeah. Yeah, and it's legit because I know sometimes I 49 00:02:15,520 --> 00:02:18,800 Speaker 3: mean some people will google like so and so pdf 50 00:02:19,280 --> 00:02:20,600 Speaker 3: or try and get a textbook for free. 51 00:02:20,760 --> 00:02:22,360 Speaker 1: I've done that, We're all guilty of that. 52 00:02:22,639 --> 00:02:25,560 Speaker 3: But this app it seems like it's a real legit thing. 53 00:02:25,840 --> 00:02:30,359 Speaker 2: Well, I mean, I trust Belinda, but I'm going to 54 00:02:30,400 --> 00:02:33,480 Speaker 2: look it up later. Libby sounds good, and I mean, 55 00:02:33,680 --> 00:02:36,720 Speaker 2: libraries are also very underrated just in general. Don't you 56 00:02:36,720 --> 00:02:37,640 Speaker 2: think I would agree? 57 00:02:38,320 --> 00:02:41,400 Speaker 1: There's so much stuff. I mean, when when she's on 58 00:02:41,480 --> 00:02:44,000 Speaker 1: the money book comes out, I guess we'd probably not 59 00:02:44,120 --> 00:02:46,160 Speaker 1: promote libraries and promote you purchases. 60 00:02:46,360 --> 00:02:50,000 Speaker 3: Email me and I'll send you a free people Now 61 00:02:50,000 --> 00:02:52,000 Speaker 3: that is a good win though, absolutely, jess what have 62 00:02:52,080 --> 00:02:52,399 Speaker 3: you got? 63 00:02:52,880 --> 00:02:56,120 Speaker 4: Minus? From our friend Tiana. She is in Brisbane and 64 00:02:56,400 --> 00:02:58,639 Speaker 4: they are currently looked down and can relate feel for 65 00:02:58,680 --> 00:02:59,120 Speaker 4: you guys. 66 00:02:59,200 --> 00:03:02,480 Speaker 1: We are Melbourne, so like your three days, we raise 67 00:03:02,520 --> 00:03:03,320 Speaker 1: you four months. 68 00:03:03,320 --> 00:03:04,000 Speaker 2: That's true. 69 00:03:04,200 --> 00:03:06,040 Speaker 4: Hopefully it doesn't go that away for them. But she 70 00:03:06,160 --> 00:03:09,600 Speaker 4: said money win, not going out for dinner Friday, Saturday, Sunday, 71 00:03:09,680 --> 00:03:11,280 Speaker 4: not going out for drinks. That's a lot of money 72 00:03:11,320 --> 00:03:11,960 Speaker 4: in her pocket. 73 00:03:12,280 --> 00:03:14,399 Speaker 1: That's a pretty good money win. I feel like put 74 00:03:14,440 --> 00:03:16,560 Speaker 1: that in your savings account so you don't miss out 75 00:03:16,600 --> 00:03:18,959 Speaker 1: on that win as well, like transfer what you would 76 00:03:19,000 --> 00:03:21,440 Speaker 1: have spent to savings so that it really does work 77 00:03:21,440 --> 00:03:24,359 Speaker 1: as hard as you are currently working in Io, honey. 78 00:03:24,040 --> 00:03:26,480 Speaker 3: Pee, because we've all been in isolation this year, and 79 00:03:27,080 --> 00:03:29,480 Speaker 3: I can honestly say not all of it, but a 80 00:03:29,480 --> 00:03:31,480 Speaker 3: lot of the money I saved during lockdown, I totally 81 00:03:31,520 --> 00:03:33,000 Speaker 3: made up for it in probably the three or four 82 00:03:33,000 --> 00:03:34,600 Speaker 3: weeks coming out. Is that fair to say? 83 00:03:34,880 --> 00:03:37,680 Speaker 1: Yeah, Like take it off yourself so you can't spend 84 00:03:37,720 --> 00:03:39,640 Speaker 1: it later. He's the key tape there. 85 00:03:39,920 --> 00:03:43,400 Speaker 3: My favorite post is by Sheila Anderson and she just 86 00:03:43,440 --> 00:03:45,640 Speaker 3: says this speaks to me on a deep level with 87 00:03:45,760 --> 00:03:48,720 Speaker 3: her caption, and it's the how DoD we describe that 88 00:03:48,840 --> 00:03:52,240 Speaker 3: Leonardo DiCaprio meme where it's from what movie is that from? 89 00:03:52,520 --> 00:03:54,560 Speaker 1: This can go one of two ways. Ryan's about to 90 00:03:54,560 --> 00:03:56,880 Speaker 1: try and explain. I'm about to try and explain really well, 91 00:03:57,000 --> 00:03:58,720 Speaker 1: or it could go miserably buck him. 92 00:03:58,760 --> 00:03:59,760 Speaker 2: I back him in what. 93 00:03:59,800 --> 00:04:03,000 Speaker 4: Is is it? The nineteen twenties? One? 94 00:04:03,280 --> 00:04:04,840 Speaker 1: Yeah, great, a great gat No. 95 00:04:05,320 --> 00:04:08,400 Speaker 3: No, it's the other one with Tarantino made Romeo and 96 00:04:08,480 --> 00:04:13,640 Speaker 3: Juliet No with Jamie Fox in a Jango j Yes, 97 00:04:14,080 --> 00:04:17,040 Speaker 3: it's the meme from Django Unchained where I feel like 98 00:04:17,080 --> 00:04:19,960 Speaker 3: if I do the noise, everyone will understand. It looks 99 00:04:20,000 --> 00:04:25,239 Speaker 3: like he's going, does everyone know the meme I'm talking about? 100 00:04:25,760 --> 00:04:29,240 Speaker 3: So this is what it says, and again describing a 101 00:04:29,279 --> 00:04:32,160 Speaker 3: meme on audio, Oh my god, there's gotta been about it. 102 00:04:32,279 --> 00:04:36,360 Speaker 3: Me finally catching up on all my bills my car 103 00:04:36,480 --> 00:04:38,479 Speaker 3: and then it's a picture of the engine light coming on, 104 00:04:38,520 --> 00:04:41,440 Speaker 3: and the engine light is being held by Leonardo DiCaprio 105 00:04:41,480 --> 00:04:45,239 Speaker 3: going hard. 106 00:04:45,279 --> 00:04:47,240 Speaker 1: Relate. I actually known on this d. 107 00:04:49,279 --> 00:04:51,120 Speaker 3: Go and look up Sheila Anderson's post. It's in the 108 00:04:51,120 --> 00:04:53,800 Speaker 3: Facebook group. But it is so true. You finally catch 109 00:04:53,880 --> 00:04:55,600 Speaker 3: up on all your bills and then that little light 110 00:04:55,600 --> 00:04:57,120 Speaker 3: pops up on your car and you're like, are you 111 00:04:57,200 --> 00:04:59,760 Speaker 3: including me? Six months I've been looking forward to being 112 00:05:00,080 --> 00:05:01,400 Speaker 3: free and Bill Frae mmmmm. 113 00:05:02,080 --> 00:05:04,720 Speaker 1: I feel like that summarized. We're all with Shila. If 114 00:05:04,760 --> 00:05:06,960 Speaker 1: that's the premise of the meme, I feel like I've 115 00:05:06,960 --> 00:05:09,760 Speaker 1: picked a money win from the community that is definitely 116 00:05:09,800 --> 00:05:11,760 Speaker 1: not on the same page as everybody else's. But I 117 00:05:11,760 --> 00:05:15,560 Speaker 1: thought it was really cool. So Alana posted that for Christmas, 118 00:05:15,600 --> 00:05:18,560 Speaker 1: she brought herself some period undies and now now we're 119 00:05:18,560 --> 00:05:21,400 Speaker 1: going from Django unchained to periods. I don't know. This 120 00:05:22,960 --> 00:05:24,919 Speaker 1: is arguably a lot more diverse than we thought it 121 00:05:24,960 --> 00:05:27,599 Speaker 1: was going to be. But essentially she said that a 122 00:05:27,600 --> 00:05:29,320 Speaker 1: little change in how she's been doing things for the 123 00:05:29,400 --> 00:05:32,000 Speaker 1: last fifteen years, but she's super stoked with them and 124 00:05:32,040 --> 00:05:34,640 Speaker 1: she'll be definitely buying some for her daughters when the 125 00:05:34,680 --> 00:05:37,640 Speaker 1: time comes. So for me, I really liked this post 126 00:05:37,680 --> 00:05:41,160 Speaker 1: because one, we're promoting more sustainable ways to live our lives, 127 00:05:41,200 --> 00:05:44,560 Speaker 1: but two, you guys loved this posts. There was so 128 00:05:44,760 --> 00:05:47,400 Speaker 1: many comments on this I think this post reached more 129 00:05:47,440 --> 00:05:50,919 Speaker 1: than half of our community, which is actually pretty big, guys, 130 00:05:51,400 --> 00:05:54,040 Speaker 1: And I just really liked that we had this open, 131 00:05:54,120 --> 00:05:56,680 Speaker 1: honest conversation. There were more than five hundred comments on 132 00:05:56,720 --> 00:05:58,839 Speaker 1: this post of you guys just talking about how you 133 00:05:58,880 --> 00:06:01,480 Speaker 1: manage your periods and like, if that's not us coming 134 00:06:01,480 --> 00:06:04,240 Speaker 1: into twenty twenty one, I don't know what is, because 135 00:06:04,320 --> 00:06:07,000 Speaker 1: let's take back that power. And I really liked the conversation. 136 00:06:07,080 --> 00:06:08,680 Speaker 1: And there were so many people that were like, oh 137 00:06:08,760 --> 00:06:10,680 Speaker 1: my gosh, yes, how are they going? Are they a 138 00:06:10,720 --> 00:06:12,760 Speaker 1: thing that I actually want to try? Like which ones 139 00:06:12,800 --> 00:06:15,719 Speaker 1: do you use? People were making really cool recommendations, and 140 00:06:15,760 --> 00:06:17,560 Speaker 1: it was just a really good post that I got 141 00:06:17,560 --> 00:06:18,279 Speaker 1: a lot out. 142 00:06:18,120 --> 00:06:20,479 Speaker 3: Of So are they genuinely really expensive? 143 00:06:20,720 --> 00:06:22,880 Speaker 1: They're not the cheapest thing to buy. But at the 144 00:06:22,920 --> 00:06:25,560 Speaker 1: same time, like a box of twelve tampons could cost 145 00:06:25,560 --> 00:06:27,640 Speaker 1: you like four or five bucks, Ye, so buy them 146 00:06:27,640 --> 00:06:30,120 Speaker 1: twelve pound stuff. Yeah, that stuff adds up. You definitely 147 00:06:30,200 --> 00:06:33,880 Speaker 1: don't just use twelve tampons. Yeah, not that you'd understand rhyme, 148 00:06:33,960 --> 00:06:37,640 Speaker 1: But welcome to Shees on the money. Thanks and maybe happeriod. 149 00:06:39,240 --> 00:06:39,760 Speaker 3: I feel like. 150 00:06:39,720 --> 00:06:41,440 Speaker 1: It's not a bad thing to talk about. It's not 151 00:06:41,480 --> 00:06:43,960 Speaker 1: something that impacts just women, like periods are a thing, 152 00:06:44,000 --> 00:06:46,200 Speaker 1: full stop, end of story for a lot of people. 153 00:06:46,480 --> 00:06:49,080 Speaker 1: So earlier this week we were talking about investments on 154 00:06:49,120 --> 00:06:51,920 Speaker 1: the podcast, and we talked about the different asset classes 155 00:06:51,960 --> 00:06:54,400 Speaker 1: that we had, and I thought it lent really well 156 00:06:54,440 --> 00:06:57,119 Speaker 1: to actually asking a couple of questions of our team 157 00:06:57,200 --> 00:06:59,440 Speaker 1: and how we want to invest in, maybe what we're 158 00:06:59,440 --> 00:07:02,000 Speaker 1: thinking about investing in in twenty twenty one, and maybe 159 00:07:02,040 --> 00:07:04,320 Speaker 1: what we've already done already. So back to you, Jess. 160 00:07:04,360 --> 00:07:05,960 Speaker 1: I know that one of your goals is actually to 161 00:07:06,080 --> 00:07:08,800 Speaker 1: start investing or understand investing a little bit more because 162 00:07:08,839 --> 00:07:10,920 Speaker 1: you mentioned it on our first podcast. If the year, 163 00:07:11,360 --> 00:07:13,000 Speaker 1: can you tell me a little bit about why and 164 00:07:13,040 --> 00:07:14,680 Speaker 1: when and where, and like, what's the plan. 165 00:07:15,000 --> 00:07:17,640 Speaker 4: I want to get into big girl investing. Put on 166 00:07:17,680 --> 00:07:21,080 Speaker 4: my big girl pants. I know and understand the lay 167 00:07:21,080 --> 00:07:22,920 Speaker 4: of the land in terms of micro investing. 168 00:07:23,040 --> 00:07:23,520 Speaker 1: I get it. 169 00:07:23,560 --> 00:07:25,600 Speaker 4: I think a lot of our community members can relate. 170 00:07:26,080 --> 00:07:27,560 Speaker 4: I'm kind of at the point where I'm like, I 171 00:07:27,600 --> 00:07:29,880 Speaker 4: don't have a spare twenty grand lying around to just 172 00:07:30,000 --> 00:07:32,800 Speaker 4: chuck on in there, but I'm ready to commit to allocating, 173 00:07:32,880 --> 00:07:35,520 Speaker 4: like you know, a portion of my pay every month 174 00:07:35,560 --> 00:07:37,160 Speaker 4: to kind of let that build and let that grow. 175 00:07:37,240 --> 00:07:40,400 Speaker 4: I want to prioritize it. So I'm thinking after that 176 00:07:40,760 --> 00:07:44,000 Speaker 4: last podcast on Wednesday that ETFs would maybe be the 177 00:07:44,040 --> 00:07:45,720 Speaker 4: way to go. I'm looking at you with questions in 178 00:07:45,720 --> 00:07:46,480 Speaker 4: my eyes so. 179 00:07:46,400 --> 00:07:48,720 Speaker 1: That I'm not just your boss, I'm also your personal 180 00:07:48,760 --> 00:07:51,400 Speaker 1: financial advisor now, so we can work that out. 181 00:07:51,720 --> 00:07:54,000 Speaker 4: Love that for me, No, but yeah, I think just 182 00:07:54,000 --> 00:07:55,960 Speaker 4: figuring out kind of what that next step is, and 183 00:07:56,040 --> 00:07:57,960 Speaker 4: I feel like we have something exciting coming that might 184 00:07:57,960 --> 00:07:59,320 Speaker 4: be able to help me out a little bit along 185 00:07:59,320 --> 00:08:01,840 Speaker 4: the way, which really nice, but kind of that that 186 00:08:01,960 --> 00:08:04,400 Speaker 4: middle step, I'm not you know, like Wolf of Wall Street, 187 00:08:04,560 --> 00:08:07,760 Speaker 4: like money coming out of my ears. But also I'm 188 00:08:07,960 --> 00:08:10,440 Speaker 4: not just chucking five bucks in my raise every month either. 189 00:08:10,720 --> 00:08:13,480 Speaker 1: So tell me a little bit about what stopped you 190 00:08:13,560 --> 00:08:13,920 Speaker 1: so far. 191 00:08:14,200 --> 00:08:16,600 Speaker 4: I just didn't know enough. I think, like I just 192 00:08:16,720 --> 00:08:20,720 Speaker 4: was very uneducated, and it is obviously intimidating, not when 193 00:08:20,720 --> 00:08:22,920 Speaker 4: you don't know something. And obviously you hear a lot 194 00:08:23,000 --> 00:08:25,840 Speaker 4: about the stock market potentially being volatile, and you're like, oh, 195 00:08:25,880 --> 00:08:27,120 Speaker 4: I don't want to put money in and then not 196 00:08:27,160 --> 00:08:29,920 Speaker 4: have money come out, and it's a whole thing. And 197 00:08:30,000 --> 00:08:33,120 Speaker 4: then obviously I am kind of balancing saving for a 198 00:08:33,200 --> 00:08:35,400 Speaker 4: house deposit as well. But I think, you know, with 199 00:08:35,480 --> 00:08:39,120 Speaker 4: some careful planning and thinking about it and obviously coming 200 00:08:39,120 --> 00:08:41,520 Speaker 4: to my personal financial advisor a couple of times a week, 201 00:08:42,040 --> 00:08:43,480 Speaker 4: I can figure out a way to make that work 202 00:08:43,520 --> 00:08:43,800 Speaker 4: for me. 203 00:08:44,200 --> 00:08:46,439 Speaker 1: Ryan John, what are your thoughts on investing? 204 00:08:46,679 --> 00:08:49,319 Speaker 3: Do you do it well? I do, as you know, 205 00:08:49,480 --> 00:08:52,080 Speaker 3: v I am. It sounds like a really wanky book title, 206 00:08:52,120 --> 00:08:55,600 Speaker 3: but I call it an accidental property investor. 207 00:08:56,080 --> 00:09:02,320 Speaker 1: So gently fell into the ownerships most entitled in Australia. 208 00:09:02,600 --> 00:09:04,320 Speaker 3: Like I said, it sounded like a wanky book title 209 00:09:04,400 --> 00:09:07,319 Speaker 3: that something like Get Rich Quick scam artists would put out, 210 00:09:07,360 --> 00:09:10,520 Speaker 3: But basically I bought a really cheap apartment when I 211 00:09:10,559 --> 00:09:12,679 Speaker 3: lived in regional Western Australia, and I bought it for 212 00:09:12,679 --> 00:09:15,080 Speaker 3: about two hundred and fifteen thousand dollars, which is just 213 00:09:15,120 --> 00:09:17,280 Speaker 3: crazy to think now that I'm in Melbourne, because that 214 00:09:17,280 --> 00:09:18,720 Speaker 3: would buy you literally nothing. 215 00:09:18,800 --> 00:09:20,800 Speaker 1: I don't even think you can buy a car park 216 00:09:20,840 --> 00:09:21,800 Speaker 1: in the Melbourne. 217 00:09:22,760 --> 00:09:25,680 Speaker 3: Car So I bought a house and I had a 218 00:09:25,720 --> 00:09:27,760 Speaker 3: person from work living in the spare room and renting 219 00:09:27,760 --> 00:09:28,120 Speaker 3: and stuff. 220 00:09:28,120 --> 00:09:31,600 Speaker 1: So wait, it was like a more than one bedroom. 221 00:09:31,200 --> 00:09:34,440 Speaker 3: The two bedroom apartment on the beach in Western Australia. Yeah, 222 00:09:34,480 --> 00:09:36,760 Speaker 3: so on the way towards Margaret River, and I was 223 00:09:36,880 --> 00:09:39,080 Speaker 3: working in regional radio there and that's actually where I 224 00:09:39,080 --> 00:09:41,079 Speaker 3: met my now wife, Bridget, because she's a winemaker and 225 00:09:41,200 --> 00:09:44,200 Speaker 3: was working in the Margaret River money and I know 226 00:09:44,440 --> 00:09:46,839 Speaker 3: so she herself had just bought a house. 227 00:09:46,840 --> 00:09:48,680 Speaker 1: Just for those of you playing along at home. That 228 00:09:48,800 --> 00:09:50,480 Speaker 1: was another mention of Ryan's wife. 229 00:09:50,600 --> 00:09:53,600 Speaker 3: So Bridget also bought a house, a full proper three 230 00:09:53,600 --> 00:09:56,040 Speaker 3: bedroom house, for like two hundred and sixty grand. 231 00:09:55,800 --> 00:09:58,160 Speaker 1: Over baller in comparison to years. 232 00:09:58,240 --> 00:10:00,320 Speaker 3: I know she was really living it up. We've owned 233 00:10:00,320 --> 00:10:02,480 Speaker 3: our own houses before we met, and then we both 234 00:10:02,600 --> 00:10:05,080 Speaker 3: moved over to the east side of the country, so suddenly, 235 00:10:05,200 --> 00:10:07,800 Speaker 3: by accident, we have these two investment properties because the 236 00:10:07,800 --> 00:10:10,400 Speaker 3: market was so low it wasn't worth selling, so we're like, oh, 237 00:10:10,440 --> 00:10:13,120 Speaker 3: we'll just get some renters in and without intending to 238 00:10:13,200 --> 00:10:15,440 Speaker 3: be property investors, we probably would have chosen to invest 239 00:10:15,520 --> 00:10:17,120 Speaker 3: in shares if we were going to choose, but we 240 00:10:17,160 --> 00:10:19,079 Speaker 3: just sort of ended up with it, and then we 241 00:10:19,160 --> 00:10:21,600 Speaker 3: bought another house in Canberra, and now we've moved to Melbourne, 242 00:10:21,640 --> 00:10:25,240 Speaker 3: so we've got those three houses, which again sounds glamorous, 243 00:10:25,520 --> 00:10:28,240 Speaker 3: but as Victoria hears me winging, every time I get paid, 244 00:10:28,280 --> 00:10:30,280 Speaker 3: I go cool, I need to top up that house, 245 00:10:30,320 --> 00:10:31,960 Speaker 3: top up that house, and top up that house. And 246 00:10:32,000 --> 00:10:35,319 Speaker 3: until you actually get ahead a little bit, property investing 247 00:10:35,320 --> 00:10:38,920 Speaker 3: can definitely sound a lot more glamorous than it really is, 248 00:10:39,120 --> 00:10:43,080 Speaker 3: because you're paying council rates, you're paying for when people 249 00:10:43,120 --> 00:10:45,320 Speaker 3: message you and go, oh, the dishwasher is broken. Can 250 00:10:45,360 --> 00:10:47,600 Speaker 3: you send around a person? And there's all these extra 251 00:10:47,600 --> 00:10:49,800 Speaker 3: little fees and stuff, which when we do the property 252 00:10:49,800 --> 00:10:52,200 Speaker 3: investing episode we'll talk about. But it is not that 253 00:10:52,240 --> 00:10:54,760 Speaker 3: it's a really bad thing overall, but there are a 254 00:10:54,760 --> 00:10:56,920 Speaker 3: lot of extra costs that we have to sort of 255 00:10:56,920 --> 00:10:59,040 Speaker 3: top up from time to time. And is that a 256 00:10:59,160 --> 00:11:01,440 Speaker 3: kind of a common theme with investment properties. You'd say 257 00:11:01,520 --> 00:11:03,600 Speaker 3: they can be a lot more expensive and a pain 258 00:11:03,640 --> 00:11:04,280 Speaker 3: in the butt that. 259 00:11:04,360 --> 00:11:07,959 Speaker 1: People, and I think that people get. I think that 260 00:11:08,240 --> 00:11:11,679 Speaker 1: investment property gets romanticized in a way because it sounds 261 00:11:11,720 --> 00:11:13,840 Speaker 1: so perfect. You save up your deposit and then you 262 00:11:13,880 --> 00:11:15,959 Speaker 1: get a renterer in and they'll pay your mortgage off, 263 00:11:16,000 --> 00:11:19,360 Speaker 1: and it just pragmatically doesn't often work that way. You 264 00:11:19,440 --> 00:11:21,520 Speaker 1: might meet people that do have the rent that's coming 265 00:11:21,559 --> 00:11:24,040 Speaker 1: in each and every single month covering their mortgage, and 266 00:11:24,040 --> 00:11:26,880 Speaker 1: that's actually a really great outcome, but a lot of 267 00:11:26,920 --> 00:11:29,000 Speaker 1: people don't have that and they have to top it up. 268 00:11:29,120 --> 00:11:32,200 Speaker 1: And that's okay, and that's normal. You're still building equity 269 00:11:32,280 --> 00:11:34,800 Speaker 1: in that asset. But I think it's really important to 270 00:11:34,880 --> 00:11:37,360 Speaker 1: note that, you know, you might save for that deposit, 271 00:11:37,400 --> 00:11:39,720 Speaker 1: but then it is an ongoing commitment of your cash 272 00:11:39,720 --> 00:11:42,080 Speaker 1: flow essentially for the next thirty years if you're not 273 00:11:42,080 --> 00:11:44,400 Speaker 1: paying it off sooner. So I think it's really important 274 00:11:44,440 --> 00:11:47,200 Speaker 1: to consider that when talking about investment properties. And yes, 275 00:11:47,480 --> 00:11:49,720 Speaker 1: for those of you playing along home Ryan does complain 276 00:11:49,800 --> 00:11:50,600 Speaker 1: a lot about. 277 00:11:52,280 --> 00:11:54,520 Speaker 3: And the simple thing is to say, oh, we earn 278 00:11:54,559 --> 00:11:56,280 Speaker 3: this much in rent, and here's the mortgage, and the 279 00:11:56,320 --> 00:11:58,280 Speaker 3: rent kind of covers the mortgage, and that's where you go. 280 00:11:58,320 --> 00:12:00,640 Speaker 3: I had with this, But it is the or rates 281 00:12:01,080 --> 00:12:02,599 Speaker 3: and the water bill and that sort of stuff that 282 00:12:02,679 --> 00:12:04,600 Speaker 3: kind of adds up and we have to pay more. 283 00:12:04,600 --> 00:12:06,640 Speaker 3: So we actually put money into it rather than a 284 00:12:06,640 --> 00:12:09,120 Speaker 3: good investment which should be giving us money. Yeah, we're 285 00:12:09,160 --> 00:12:11,640 Speaker 3: actually giving it money. But we keep reminding ourselves and actually, 286 00:12:11,679 --> 00:12:12,920 Speaker 3: ve tell me right now, if this is a good 287 00:12:12,960 --> 00:12:15,280 Speaker 3: thing about things that we tell ourselves are even though 288 00:12:15,280 --> 00:12:16,640 Speaker 3: we have to top it up here and there, once 289 00:12:16,640 --> 00:12:18,600 Speaker 3: they're all paid for in twenty or thirty years, this 290 00:12:18,720 --> 00:12:21,400 Speaker 3: is you know, it's like superannuation. Again, it will pay 291 00:12:21,400 --> 00:12:22,840 Speaker 3: off in the long run. Are we right in telling 292 00:12:22,880 --> 00:12:23,400 Speaker 3: ourselves that. 293 00:12:23,360 --> 00:12:25,360 Speaker 1: Or yeah, it's not a bad thing. Once it's all 294 00:12:25,400 --> 00:12:27,640 Speaker 1: paid off and you have rent coming in, that does 295 00:12:27,679 --> 00:12:30,600 Speaker 1: become an income source for you, especially in retirement, which 296 00:12:30,600 --> 00:12:32,840 Speaker 1: is why a lot of people say they really want 297 00:12:32,880 --> 00:12:35,840 Speaker 1: investment properties. But the thing with an investment property is 298 00:12:35,920 --> 00:12:38,600 Speaker 1: it's super valuable to you once you've paid off the 299 00:12:38,760 --> 00:12:40,640 Speaker 1: entire mortgage. So if you're like, oh my gosh, I'm 300 00:12:40,679 --> 00:12:43,040 Speaker 1: going to go buy a million dollar property, because the 301 00:12:43,080 --> 00:12:46,240 Speaker 1: rental returns on that are really great, but they definitely 302 00:12:46,240 --> 00:12:48,319 Speaker 1: aren't covering your million dollar mortgage. 303 00:12:48,600 --> 00:12:51,199 Speaker 3: Can I quickly tell a story about the person that's renting. 304 00:12:51,240 --> 00:12:52,840 Speaker 3: I wonder if she listens to that. She's a young 305 00:12:52,880 --> 00:12:55,160 Speaker 3: school teacher, the girl who rents my apartment in Bumbray. 306 00:12:55,720 --> 00:12:58,160 Speaker 3: We get this email and it says, hey, Ryan, there's 307 00:12:58,200 --> 00:13:01,160 Speaker 3: something wrong with the hot water. After about twenty minutes 308 00:13:01,200 --> 00:13:03,079 Speaker 3: in the shower, the water's not hot anything. 309 00:13:04,840 --> 00:13:05,560 Speaker 1: Are you joking? 310 00:13:05,679 --> 00:13:05,800 Speaker 4: No? 311 00:13:05,880 --> 00:13:07,720 Speaker 3: And I'm guessing she's grown up in a place that 312 00:13:07,840 --> 00:13:09,880 Speaker 3: has you know, that was the ever stream or whatever 313 00:13:09,920 --> 00:13:13,680 Speaker 3: they're kind of called. And I said, oh, hey, it's finite. Yeah, 314 00:13:13,760 --> 00:13:17,120 Speaker 3: it's there's this cupboard off the bathroom it's got that's 315 00:13:17,120 --> 00:13:19,000 Speaker 3: the hot water tanks in that like you can see it. 316 00:13:19,000 --> 00:13:21,160 Speaker 3: Once it runs out, it's all done. And she says, no, no, 317 00:13:21,200 --> 00:13:23,200 Speaker 3: I'm pretty sure there's a problem with the hot water. 318 00:13:23,360 --> 00:13:26,320 Speaker 3: And I said, to it, you just don't have so 319 00:13:26,360 --> 00:13:28,480 Speaker 3: I send an email. So cool, get the plumber or 320 00:13:28,480 --> 00:13:31,040 Speaker 3: the hot water person, whatever you need. If you've just 321 00:13:31,120 --> 00:13:33,040 Speaker 3: used all the hot water, then you have to pay 322 00:13:33,040 --> 00:13:34,760 Speaker 3: that one hundred dollars fee. For them just to turn 323 00:13:34,840 --> 00:13:38,120 Speaker 3: up and if there is legitimately a problem, I'll fix it. 324 00:13:38,480 --> 00:13:40,000 Speaker 3: No problems at all, I'll pay for it. 325 00:13:40,360 --> 00:13:42,800 Speaker 1: So that is sassy from you, by the way, because 326 00:13:42,840 --> 00:13:45,040 Speaker 1: you you knew what wasn't endless hot water. 327 00:13:46,600 --> 00:13:48,160 Speaker 3: She wouldn't take it, she wasn't having it. She wasn't 328 00:13:48,160 --> 00:13:49,640 Speaker 3: having it, doesn't having it. So I kind of forgot 329 00:13:49,640 --> 00:13:51,120 Speaker 3: about it, and then a month later I get this 330 00:13:51,160 --> 00:13:54,120 Speaker 3: email and just said, dear Ryan, you will not be 331 00:13:54,160 --> 00:13:55,280 Speaker 3: required to pay the. 332 00:13:55,240 --> 00:14:01,120 Speaker 1: Plumb Just apologies to you. If you listened to our podcast, 333 00:14:01,160 --> 00:14:02,880 Speaker 1: we just made a really great segment out. 334 00:14:04,640 --> 00:14:08,559 Speaker 3: Like I said, she's a young school teacher female, which is. 335 00:14:10,320 --> 00:14:13,000 Speaker 1: Right, but you might not have understood that, and there 336 00:14:13,080 --> 00:14:15,160 Speaker 1: might be some people that are like I fully didn't 337 00:14:15,240 --> 00:14:16,880 Speaker 1: understand that. That's not a thing. 338 00:14:17,120 --> 00:14:21,160 Speaker 4: What hot water runs out you about your finance. 339 00:14:22,760 --> 00:14:25,800 Speaker 1: Utilities. So when I grew up, I had less hot 340 00:14:25,840 --> 00:14:26,800 Speaker 1: water at my house. 341 00:14:27,320 --> 00:14:29,600 Speaker 3: That says everything you need to know about Victoria divine. 342 00:14:29,800 --> 00:14:34,760 Speaker 1: Yeah, okay, like that definitely doesn't. But okay, so had 343 00:14:34,800 --> 00:14:36,920 Speaker 1: in less hot water, and it was like the ongoing 344 00:14:37,040 --> 00:14:40,040 Speaker 1: argument in my house of my parents trying to drag 345 00:14:40,160 --> 00:14:43,320 Speaker 1: me out of the shower, like I remember vividly my 346 00:14:43,400 --> 00:14:46,000 Speaker 1: dad banging on the door being like, get out of 347 00:14:46,040 --> 00:14:51,440 Speaker 1: the shower, and me being like me what he was 348 00:14:51,480 --> 00:14:53,920 Speaker 1: trying to do, and as like a sixteen year old, 349 00:14:54,040 --> 00:14:58,680 Speaker 1: like try me, sixteen year old Victoria, not a pleasant. 350 00:14:58,360 --> 00:15:00,120 Speaker 4: Human getting out of the shower. 351 00:15:00,280 --> 00:15:02,520 Speaker 1: Not getting out of the shower, not having whatever you've 352 00:15:02,520 --> 00:15:03,040 Speaker 1: got to serve. 353 00:15:03,280 --> 00:15:06,720 Speaker 3: All right, we will get to Victoria and Georgia's investments, 354 00:15:06,720 --> 00:15:09,320 Speaker 3: but first of all, let's just do a quick message 355 00:15:09,480 --> 00:15:25,040 Speaker 3: from our partners. All right, we are talking about our 356 00:15:25,040 --> 00:15:28,080 Speaker 3: investments because we did an investment episode a few days ago. Georgia, 357 00:15:28,160 --> 00:15:31,360 Speaker 3: key ah, You've been the host of Australia's number one 358 00:15:31,400 --> 00:15:34,800 Speaker 3: money podcast. But the last year has any of it 359 00:15:34,920 --> 00:15:35,360 Speaker 3: sunk in? 360 00:15:36,360 --> 00:15:42,160 Speaker 2: Look bits and pieces here and there? No, No, it hasn't. No, 361 00:15:42,240 --> 00:15:42,920 Speaker 2: I'm getting there. 362 00:15:43,160 --> 00:15:43,440 Speaker 4: I have. 363 00:15:43,960 --> 00:15:46,720 Speaker 2: I was just saying to Jess before that I have 364 00:15:47,000 --> 00:15:49,240 Speaker 2: big plans for twenty twenty one, as a lot of 365 00:15:49,320 --> 00:15:53,360 Speaker 2: us I do. I think I am again in a 366 00:15:53,400 --> 00:15:57,479 Speaker 2: similar position to Jess, still ready to take those steps 367 00:15:57,560 --> 00:16:02,280 Speaker 2: into investing properly, the big Girl way. But also I 368 00:16:02,320 --> 00:16:04,680 Speaker 2: would be lying if I said that property wasn't still 369 00:16:05,040 --> 00:16:07,200 Speaker 2: on the list of to do in the next five 370 00:16:07,280 --> 00:16:09,600 Speaker 2: years or so. But I mean, the world is a 371 00:16:09,600 --> 00:16:11,800 Speaker 2: crazy place, so who knows if that's possible. But that's 372 00:16:11,880 --> 00:16:13,280 Speaker 2: kind of where I'm at. 373 00:16:13,720 --> 00:16:16,760 Speaker 3: Does the price of property scare you off and put 374 00:16:16,800 --> 00:16:19,520 Speaker 3: you off wanting to save for that? You live right 375 00:16:19,520 --> 00:16:20,920 Speaker 3: in town at the moment, right. 376 00:16:20,840 --> 00:16:23,800 Speaker 2: Right in town, But I don't think I would buy 377 00:16:24,000 --> 00:16:26,440 Speaker 2: up here. I'd go I'm from the beach, so I'd 378 00:16:26,480 --> 00:16:29,560 Speaker 2: probably go more regional anyway, which is slightly more affordable, 379 00:16:29,600 --> 00:16:30,760 Speaker 2: but still ridiculous. 380 00:16:30,880 --> 00:16:31,280 Speaker 3: So it does. 381 00:16:31,320 --> 00:16:33,560 Speaker 2: It definitely puts you off. I think it puts us 382 00:16:33,560 --> 00:16:36,560 Speaker 2: all off. But I think just continuing to save and 383 00:16:36,600 --> 00:16:39,320 Speaker 2: save and save for that is kind of where I'm at. 384 00:16:39,520 --> 00:16:42,160 Speaker 2: I can feel Victoria gazing at me from my left 385 00:16:42,160 --> 00:16:43,040 Speaker 2: side over here. 386 00:16:43,680 --> 00:16:45,680 Speaker 1: I don't think it's a bad idea to do that 387 00:16:45,760 --> 00:16:47,840 Speaker 1: at all. No, at the end of the day, I 388 00:16:47,880 --> 00:16:50,640 Speaker 1: always say, invest in line with your values and spend 389 00:16:50,640 --> 00:16:53,120 Speaker 1: your money where you want to spend your money. What 390 00:16:53,240 --> 00:16:55,600 Speaker 1: my job is to actually educate you on all of 391 00:16:55,680 --> 00:16:58,120 Speaker 1: the options that exist, and not tell you to go 392 00:16:58,160 --> 00:17:00,440 Speaker 1: one way or another just because I do so, or 393 00:17:00,640 --> 00:17:02,880 Speaker 1: I say, oh my gosh, shares my favorite shares are 394 00:17:02,960 --> 00:17:06,120 Speaker 1: my personal favorite, but like you might like your vodka 395 00:17:06,160 --> 00:17:09,560 Speaker 1: Guava Cruzer, but I might like raspberry. That's not true, 396 00:17:09,600 --> 00:17:11,879 Speaker 1: but like we might be a little bit different, and 397 00:17:11,920 --> 00:17:15,040 Speaker 1: that's totally okay. But my job is literally making sure 398 00:17:15,040 --> 00:17:17,560 Speaker 1: that you have the tools and resources available to you 399 00:17:17,600 --> 00:17:19,760 Speaker 1: to make the decision that is right for you, not 400 00:17:19,880 --> 00:17:22,280 Speaker 1: the decision that is right for me personally. And I 401 00:17:22,280 --> 00:17:25,040 Speaker 1: think that's something that's really important to get across as well, 402 00:17:25,080 --> 00:17:26,560 Speaker 1: because I think people are like, oh my gosh, I 403 00:17:26,600 --> 00:17:28,600 Speaker 1: have to start investing because if she's on the money, 404 00:17:28,680 --> 00:17:30,959 Speaker 1: If that's because you've just discovered it and you're starting 405 00:17:31,000 --> 00:17:32,600 Speaker 1: to learn about it and it aligns to your goals 406 00:17:32,600 --> 00:17:34,919 Speaker 1: and values, fantastic. But I'm not trying to talk you 407 00:17:34,920 --> 00:17:36,680 Speaker 1: out of buying your first home if that's your dream, 408 00:17:36,760 --> 00:17:39,520 Speaker 1: Like I want that for you so much, but I 409 00:17:39,600 --> 00:17:41,840 Speaker 1: don't want you to have that if you feel like 410 00:17:41,920 --> 00:17:42,800 Speaker 1: that's your only option. 411 00:17:43,119 --> 00:17:43,359 Speaker 3: Yeah. 412 00:17:43,440 --> 00:17:45,520 Speaker 2: No, I think I've just learned a lot for sure 413 00:17:45,680 --> 00:17:48,320 Speaker 2: doing this podcast for the last twelve thirteen months, and 414 00:17:49,160 --> 00:17:51,399 Speaker 2: investing in shares is something I definitely want to do 415 00:17:51,440 --> 00:17:53,359 Speaker 2: as well, which I probably if I wasn't the co 416 00:17:53,400 --> 00:17:55,919 Speaker 2: host of this podcast, I wouldn't have thought about before. 417 00:17:56,000 --> 00:17:56,840 Speaker 1: So thanks me. 418 00:17:57,240 --> 00:18:02,600 Speaker 3: Yeah, say the most impressive things that I've heard during 419 00:18:02,680 --> 00:18:05,119 Speaker 3: my time working with you guys, that she's on the money. 420 00:18:05,240 --> 00:18:08,840 Speaker 3: Is hearing Victoria just give that inspirational speech and putting 421 00:18:08,960 --> 00:18:12,280 Speaker 3: vodka cruises as the example. That is a real treat. 422 00:18:12,400 --> 00:18:16,359 Speaker 3: All right, So myself, Jess and Georgia have all gone, 423 00:18:16,400 --> 00:18:18,399 Speaker 3: do we take a deep breath us three as we 424 00:18:18,480 --> 00:18:19,720 Speaker 3: ask Victoria. 425 00:18:19,720 --> 00:18:23,359 Speaker 1: Breathe, Frands breathe. It's not Honestly, it is not nearly 426 00:18:23,359 --> 00:18:25,520 Speaker 1: as exciting as you would have thought it would be. 427 00:18:25,880 --> 00:18:28,080 Speaker 1: I think I'm really opening myself up here to tell 428 00:18:28,119 --> 00:18:30,560 Speaker 1: you how much I have invested in Cheese on the Money. 429 00:18:30,560 --> 00:18:32,199 Speaker 1: And I did sell a lot of my shares so 430 00:18:32,240 --> 00:18:33,960 Speaker 1: that I could invest in Cheese on the Money and 431 00:18:34,000 --> 00:18:36,920 Speaker 1: I could fund that. And I'm really grateful that past 432 00:18:37,040 --> 00:18:39,919 Speaker 1: me actually had those assets to be able to liquidate 433 00:18:40,040 --> 00:18:42,080 Speaker 1: so that I could invest it in Cheese on the Money. 434 00:18:42,080 --> 00:18:43,520 Speaker 1: And I'm not saying you should sell your shares and 435 00:18:43,560 --> 00:18:45,600 Speaker 1: start a business, but I am saying, if it is 436 00:18:45,640 --> 00:18:48,359 Speaker 1: in line with your values. That was something that really 437 00:18:48,440 --> 00:18:51,640 Speaker 1: enabled me to make sure that I still held Cheese 438 00:18:51,640 --> 00:18:53,040 Speaker 1: on the Money as mine. I didn't have to go 439 00:18:53,119 --> 00:18:55,600 Speaker 1: and get someone else in to make sure that I 440 00:18:55,680 --> 00:18:59,399 Speaker 1: could keep the cogs turning per se. When it comes 441 00:18:59,400 --> 00:19:01,879 Speaker 1: down to it, Yes, I do own a share portfolio. 442 00:19:02,200 --> 00:19:04,480 Speaker 1: I'm probably a little bit risky. How did you guys 443 00:19:04,480 --> 00:19:08,800 Speaker 1: say that? Coming I own ETFs. I also own direct shares. 444 00:19:09,040 --> 00:19:12,879 Speaker 1: I own a well diversified portfolio, like small portfolio of 445 00:19:12,920 --> 00:19:15,320 Speaker 1: direct shares. And the reason I do that is purely 446 00:19:15,359 --> 00:19:19,000 Speaker 1: because I'm interested in them. It's not well diversified in 447 00:19:19,040 --> 00:19:21,320 Speaker 1: the grand scheme of things. It's just purely because I'm like, oh, 448 00:19:21,320 --> 00:19:23,560 Speaker 1: I'd really like to follow that. And something that I 449 00:19:23,600 --> 00:19:26,639 Speaker 1: get really excited about is actually following my share portfolio 450 00:19:26,720 --> 00:19:29,159 Speaker 1: and following the market and seeing what's going on. And 451 00:19:29,640 --> 00:19:31,040 Speaker 1: this is one of those things that is to do 452 00:19:31,119 --> 00:19:32,760 Speaker 1: as I say, not as I do. And I do 453 00:19:32,960 --> 00:19:35,159 Speaker 1: sometimes take a bit of a punt on a share. 454 00:19:35,720 --> 00:19:39,199 Speaker 1: I'm not saying which ones I have taken punts on historically, 455 00:19:39,520 --> 00:19:42,320 Speaker 1: but I do do that because I'm really excited about it, 456 00:19:42,359 --> 00:19:44,680 Speaker 1: and I go, oh, my gosh. I've read literally every 457 00:19:44,720 --> 00:19:47,240 Speaker 1: annual report of the last ten years of this business, 458 00:19:47,280 --> 00:19:48,679 Speaker 1: and I think this is the year for it. 459 00:19:49,040 --> 00:19:51,000 Speaker 3: I can confirm that Victoria went in on a punt 460 00:19:51,040 --> 00:19:52,560 Speaker 3: and I went in with it, and that has not 461 00:19:52,600 --> 00:19:54,000 Speaker 3: been one of the successful ones. 462 00:19:54,320 --> 00:19:57,880 Speaker 1: Yea, not yet, not yet, but that I'm very excited 463 00:19:57,920 --> 00:20:00,080 Speaker 1: about that. I'm reading there on your reports and oh 464 00:20:00,119 --> 00:20:01,000 Speaker 1: my gosh, I'm so. 465 00:20:01,000 --> 00:20:05,640 Speaker 3: Excited, George. I think you were there that day. 466 00:20:05,480 --> 00:20:07,480 Speaker 1: Say what it is legally I can't, but I think 467 00:20:07,520 --> 00:20:09,840 Speaker 1: it's one of those things where I'm really excited about that. 468 00:20:09,880 --> 00:20:12,040 Speaker 1: And I told you that was a twelve month minimum play. 469 00:20:12,080 --> 00:20:14,240 Speaker 3: Come on, I'm just saying that the first few months 470 00:20:14,320 --> 00:20:15,080 Speaker 3: is really. 471 00:20:16,680 --> 00:20:18,879 Speaker 1: And I feel I'm still in I'm ready to go. 472 00:20:19,080 --> 00:20:21,679 Speaker 1: So over the last twelve months, guys, I bought in 473 00:20:21,720 --> 00:20:23,919 Speaker 1: a share and I was very excited about it, and 474 00:20:23,960 --> 00:20:26,200 Speaker 1: I did put some money where my mouth was when 475 00:20:26,280 --> 00:20:28,280 Speaker 1: I take a punt. And I think this is really 476 00:20:28,320 --> 00:20:30,800 Speaker 1: important for you gut us to understand. Is I am 477 00:20:30,920 --> 00:20:34,159 Speaker 1: not putting money up that would cripple me if I 478 00:20:34,200 --> 00:20:36,720 Speaker 1: lost it. When I take a punt, I'm putting a number, 479 00:20:36,920 --> 00:20:39,680 Speaker 1: let's call it, like five hundred dollars up, knowing full 480 00:20:39,720 --> 00:20:41,960 Speaker 1: well that if it doesn't go well, I am going 481 00:20:42,000 --> 00:20:45,040 Speaker 1: to lose that money. And that is a very privileged 482 00:20:45,080 --> 00:20:47,959 Speaker 1: position to be in, to be able to say okay, 483 00:20:48,040 --> 00:20:49,679 Speaker 1: I'm going to put this money here because you know, 484 00:20:49,760 --> 00:20:52,360 Speaker 1: I do genuinely believe it will change. But if it doesn't, 485 00:20:52,520 --> 00:20:55,560 Speaker 1: it doesn't. And this is where people see shares and 486 00:20:55,600 --> 00:20:57,760 Speaker 1: they just assume all shares are like this, and it's not. 487 00:20:58,119 --> 00:21:00,080 Speaker 1: But I have put some money in a share. I 488 00:21:00,119 --> 00:21:02,200 Speaker 1: think I bought in at three dollars fifteen. It's currently 489 00:21:02,200 --> 00:21:03,960 Speaker 1: at two dollars thirty nine. So I am not a 490 00:21:04,000 --> 00:21:06,560 Speaker 1: winner this week. That might be my money loss, but 491 00:21:06,640 --> 00:21:09,560 Speaker 1: I do genuinely, over the long term, believe in this company, 492 00:21:09,560 --> 00:21:11,480 Speaker 1: and I'm still really happy that I bought in at 493 00:21:11,480 --> 00:21:14,560 Speaker 1: that amount and I back it still. When we talk 494 00:21:14,600 --> 00:21:16,960 Speaker 1: about shares, I think it's really important to understand that 495 00:21:17,000 --> 00:21:19,600 Speaker 1: I am a little bit more educated than the average 496 00:21:19,600 --> 00:21:22,119 Speaker 1: bear when it comes to this kind of stuff. So 497 00:21:22,280 --> 00:21:24,600 Speaker 1: for me to go and buy a direct share, it 498 00:21:24,600 --> 00:21:26,680 Speaker 1: does not mean that this is what you should be doing. 499 00:21:26,920 --> 00:21:30,640 Speaker 1: I did start my investment journey with micro investing platforms, 500 00:21:30,680 --> 00:21:33,360 Speaker 1: and I still use micro investing platforms. I use one 501 00:21:33,400 --> 00:21:35,800 Speaker 1: that rounds up, and I really like that because it 502 00:21:35,840 --> 00:21:37,720 Speaker 1: kind of does add up and it's really exciting, and 503 00:21:37,760 --> 00:21:41,000 Speaker 1: I feel like I should have that platform purely because 504 00:21:41,000 --> 00:21:42,800 Speaker 1: my community does and I want to be able to 505 00:21:42,840 --> 00:21:45,040 Speaker 1: relate to you guys and understand what you're going through, 506 00:21:45,040 --> 00:21:47,199 Speaker 1: and when you've got questions, I can send screenshots of 507 00:21:47,480 --> 00:21:49,679 Speaker 1: you know, well, this is what that portfolio looks like, 508 00:21:49,760 --> 00:21:51,520 Speaker 1: and these are the updates, and these are the things 509 00:21:51,560 --> 00:21:54,000 Speaker 1: that I do like. So I do genuinely still use 510 00:21:54,040 --> 00:21:56,600 Speaker 1: that and love that and will continue to do so. 511 00:21:57,160 --> 00:21:59,320 Speaker 1: But when I do reach a certain amount in that, 512 00:21:59,400 --> 00:22:03,560 Speaker 1: I do it into my ETF portfolio. And then I 513 00:22:03,720 --> 00:22:06,040 Speaker 1: had cash, and now I have very little cash because 514 00:22:06,080 --> 00:22:08,959 Speaker 1: I have just purchased my first home. So for me, 515 00:22:09,200 --> 00:22:12,040 Speaker 1: that is what my investment journey looks like. And over 516 00:22:12,080 --> 00:22:15,160 Speaker 1: the next twelve months, my priority will be paying off 517 00:22:15,200 --> 00:22:17,240 Speaker 1: my mortgage a little bit more, because it makes the 518 00:22:17,280 --> 00:22:19,800 Speaker 1: most sense to really stabilize that. My partner and I 519 00:22:19,840 --> 00:22:22,600 Speaker 1: really want to pay off enough of that mortgage so 520 00:22:22,680 --> 00:22:25,440 Speaker 1: that one of our this isn't going to take twelve months, Frans, 521 00:22:25,520 --> 00:22:27,439 Speaker 1: this is going to take a while, but so that 522 00:22:27,520 --> 00:22:30,840 Speaker 1: one of our incomes can service the mortgage. And then 523 00:22:31,040 --> 00:22:33,480 Speaker 1: once we get to that point, every other dollar that 524 00:22:33,520 --> 00:22:35,920 Speaker 1: we earn will go into shares so that we can 525 00:22:35,960 --> 00:22:37,840 Speaker 1: turbocharge our future retirement. 526 00:22:38,200 --> 00:22:40,960 Speaker 3: So of the investments you have in shares. What percentage 527 00:22:41,040 --> 00:22:43,560 Speaker 3: overall would you say are in ETF and what percentage 528 00:22:43,560 --> 00:22:46,879 Speaker 3: are in singular stocks? And what percentage would say you 529 00:22:46,960 --> 00:22:50,080 Speaker 3: would inverted commas the punt stocks like the kind of. 530 00:22:50,000 --> 00:22:52,760 Speaker 1: Okay, friends, binary this all right? So five percent is 531 00:22:52,800 --> 00:22:57,520 Speaker 1: in my microinvesting platforms, fifteen percent is in just me 532 00:22:57,640 --> 00:23:00,639 Speaker 1: taking a punt, and I would say eighty percent is 533 00:23:00,680 --> 00:23:01,840 Speaker 1: in my atfs. 534 00:23:02,040 --> 00:23:02,960 Speaker 3: Did that equal one hundreds? 535 00:23:02,960 --> 00:23:06,200 Speaker 1: Canyone check that twenty plus five plus fifteen plus eighty 536 00:23:06,240 --> 00:23:08,720 Speaker 1: is one hundred, my friend, I'm that's why. 537 00:23:09,320 --> 00:23:12,199 Speaker 3: Yeah, the leading financial advisor INDUSTRYLGA. 538 00:23:12,320 --> 00:23:14,840 Speaker 1: But I do know exactly what's going on, and I 539 00:23:14,880 --> 00:23:19,240 Speaker 1: actually use a platform personally where I have connected everything 540 00:23:19,320 --> 00:23:21,240 Speaker 1: up in the background so that I can keep track 541 00:23:21,320 --> 00:23:24,199 Speaker 1: of what my overall portfolio is. So something that is 542 00:23:24,240 --> 00:23:27,359 Speaker 1: also really important to understand is that a portfolio is 543 00:23:27,400 --> 00:23:30,800 Speaker 1: actually everything you own. So Ryan, that would include you 544 00:23:30,880 --> 00:23:34,560 Speaker 1: have an investment portfolio, yours just owns property, and Jess, 545 00:23:34,640 --> 00:23:38,000 Speaker 1: you have a portfolio. Yours is just currently in cash 546 00:23:38,080 --> 00:23:40,720 Speaker 1: and in microinvesting in Georgia, and yours's cash. 547 00:23:41,080 --> 00:23:44,040 Speaker 2: Ah, not wrong, not wrong. 548 00:23:44,520 --> 00:23:47,280 Speaker 1: But I have a portfolio and it's made up of 549 00:23:47,320 --> 00:23:50,119 Speaker 1: lots of different things. It's not one specific portfolio. You 550 00:23:50,160 --> 00:23:53,359 Speaker 1: don't have multiple portfolios. You have a portfolio and that 551 00:23:53,480 --> 00:23:56,800 Speaker 1: is essentially all the things that are wealth generating assets. 552 00:23:57,560 --> 00:23:59,720 Speaker 1: So that is what mine is made up of. Friends, 553 00:23:59,720 --> 00:24:01,400 Speaker 1: and I'm very happy to share that. You will see 554 00:24:01,440 --> 00:24:04,520 Speaker 1: the ETFs make up a very large amount of that. 555 00:24:05,160 --> 00:24:07,080 Speaker 1: And the reason they do is because they are as 556 00:24:07,080 --> 00:24:09,360 Speaker 1: stable as it. And as I told you guys, I 557 00:24:09,400 --> 00:24:13,000 Speaker 1: am not wealthy enough, not nearly wealthy enough to have 558 00:24:13,520 --> 00:24:17,400 Speaker 1: just a direct share portfolio. So just before Georgia King 559 00:24:17,560 --> 00:24:20,520 Speaker 1: tries to wrap us, we would really like to acknowledge 560 00:24:20,520 --> 00:24:23,920 Speaker 1: and pay respect to Australia's Aboriginal and Torres Straight islander peoples, 561 00:24:24,160 --> 00:24:27,080 Speaker 1: the traditional custodians of the lands, the waterways and the 562 00:24:27,080 --> 00:24:30,040 Speaker 1: skies all across Australia. We thank you for sharing and 563 00:24:30,080 --> 00:24:32,600 Speaker 1: for carrying on the land which we are able to learn. 564 00:24:32,920 --> 00:24:35,320 Speaker 1: We pay our respects to elder's past and present, and 565 00:24:35,359 --> 00:24:37,160 Speaker 1: we share our friendship and our kindness. 566 00:24:37,400 --> 00:24:39,280 Speaker 2: Now, the advice shared on She's on the Money is 567 00:24:39,320 --> 00:24:42,560 Speaker 2: general in nature and does not consider your individual circumstances. 568 00:24:42,880 --> 00:24:45,720 Speaker 2: She Is on the Money exists purely for educational purposes 569 00:24:45,720 --> 00:24:47,920 Speaker 2: and should not be relied upon to make an investment 570 00:24:48,040 --> 00:24:51,399 Speaker 2: or a financial decision, and we promise. Victoria Devine is 571 00:24:51,440 --> 00:24:55,800 Speaker 2: an authorized representative of Australia Pacific Funds Management Priority Limited 572 00:24:55,880 --> 00:24:58,360 Speaker 2: ab IN three four one three two four six three 573 00:24:58,440 --> 00:25:01,800 Speaker 2: two five seven AFSL three three nine one five one. 574 00:25:02,080 --> 00:25:04,960 Speaker 2: And a big thank you to Brian Beck and Jess 575 00:25:04,960 --> 00:25:05,879 Speaker 2: were putting it all together. 576 00:25:06,160 --> 00:25:09,119 Speaker 1: Also to Victoria for bringing good for cruises bloody oh 577 00:25:10,240 --> 00:25:14,000 Speaker 1: cheers the table. Also just to remind that just because 578 00:25:14,080 --> 00:25:17,640 Speaker 1: we're drinking and the show doesn't mean that we drink excessively. 579 00:25:17,760 --> 00:25:21,200 Speaker 1: Please remember to drink responsibly. Friends, See you next week. 580 00:25:21,520 --> 00:25:23,960 Speaker 1: Bye bye bye