1 00:00:00,680 --> 00:00:04,920 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr 2 00:00:04,960 --> 00:00:08,680 Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before 3 00:00:08,680 --> 00:00:11,160 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,160 --> 00:00:14,319 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,400 --> 00:00:17,680 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,120 --> 00:00:22,240 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,320 --> 00:00:26,960 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,080 --> 00:00:30,120 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,240 --> 00:00:32,640 Speaker 1: today and lasting impact for tomorrow. 10 00:00:33,320 --> 00:00:36,600 Speaker 2: Let's get into it. She's on the Money. 11 00:00:36,760 --> 00:00:54,080 Speaker 3: She's on the Money. 12 00:00:57,840 --> 00:01:00,680 Speaker 2: Hello, and welcome to She's on the Money podcast for 13 00:01:00,720 --> 00:01:04,280 Speaker 2: millennials who want financial freedom. Now VI, I ask, have 14 00:01:04,360 --> 00:01:07,080 Speaker 2: you ever found yourself saying something along the lines of 15 00:01:07,480 --> 00:01:10,840 Speaker 2: I'm not a maths person, I'm bad at money, I'm 16 00:01:10,920 --> 00:01:13,959 Speaker 2: scared of maths. Even yeah, I think I've said all 17 00:01:14,040 --> 00:01:16,080 Speaker 2: of those things. I think I'm going to diagnose you 18 00:01:16,160 --> 00:01:19,600 Speaker 2: with maths anxiety. Oh my gosh, thank you for that diagnosis. 19 00:01:19,600 --> 00:01:22,440 Speaker 2: I can now live my life free with the diagnosis. 20 00:01:22,440 --> 00:01:25,199 Speaker 2: That makes sense perfect. It doesn't mean that you're bad 21 00:01:25,240 --> 00:01:27,840 Speaker 2: at money necessarily but today we're going to be looking 22 00:01:27,880 --> 00:01:31,000 Speaker 2: at it. I get diagnosed with ADHD legitimately, and that 23 00:01:31,040 --> 00:01:34,440 Speaker 2: does make me bad with money. So well, that's probably 24 00:01:34,440 --> 00:01:36,959 Speaker 2: a whole episode in itself. He's a whole episode in itself. 25 00:01:37,120 --> 00:01:39,280 Speaker 2: And so the maths anxiety I'm sure isn't doing you 26 00:01:39,319 --> 00:01:41,559 Speaker 2: any favors. But here we go. Why are we talking 27 00:01:41,560 --> 00:01:43,880 Speaker 2: about this today? B I think it is a very 28 00:01:43,920 --> 00:01:46,560 Speaker 2: important topic to talk about. Yeah, that's why. No, that 29 00:01:46,600 --> 00:01:49,600 Speaker 2: makes sense, but honestly, talk about it. I feel like 30 00:01:50,080 --> 00:01:52,840 Speaker 2: this topic has come from the conversations I've been having 31 00:01:52,880 --> 00:01:55,840 Speaker 2: in our DMS with our community recently, because so many 32 00:01:55,920 --> 00:01:58,480 Speaker 2: of you just feel so overwhelmed when you look at 33 00:01:58,480 --> 00:02:00,400 Speaker 2: your budget, or when you look at money, or when 34 00:02:00,400 --> 00:02:02,640 Speaker 2: you're trying to work out your bank account. And I 35 00:02:02,640 --> 00:02:05,400 Speaker 2: feel like so many times the crux of it when 36 00:02:05,440 --> 00:02:08,480 Speaker 2: we actually have the conversation, isn't that you're worried about 37 00:02:08,600 --> 00:02:10,760 Speaker 2: using software. It's not about the budget. It's just that 38 00:02:10,840 --> 00:02:13,160 Speaker 2: you feel so overwhelmed with the numbers of it. And 39 00:02:13,280 --> 00:02:17,560 Speaker 2: the reality is finance and being good at money has 40 00:02:17,639 --> 00:02:21,279 Speaker 2: nothing to do with numbers and everything to do with psychology. 41 00:02:21,840 --> 00:02:24,200 Speaker 2: Because we all have a calculator on our phone, right, 42 00:02:24,720 --> 00:02:27,519 Speaker 2: Like we all can use a calculator because they made 43 00:02:27,560 --> 00:02:29,960 Speaker 2: us buy those expensive ones when we went to school 44 00:02:29,960 --> 00:02:32,359 Speaker 2: and carry them around as though, Oh, if you don't 45 00:02:32,480 --> 00:02:34,320 Speaker 2: use this calculator, how are you going to live in 46 00:02:34,320 --> 00:02:36,920 Speaker 2: your life not knowing that an iPhone would literally have 47 00:02:37,000 --> 00:02:40,240 Speaker 2: way more power than literally anything that came out of 48 00:02:40,240 --> 00:02:44,160 Speaker 2: the nineties. But I digress. I think it's just so 49 00:02:44,480 --> 00:02:47,440 Speaker 2: important to understand that so many of us have maths 50 00:02:47,480 --> 00:02:51,440 Speaker 2: anxiety and number anxiety, and that can actually play into 51 00:02:51,520 --> 00:02:54,519 Speaker 2: us assuming that we'll be terrible at money, when in reality, 52 00:02:54,600 --> 00:02:57,000 Speaker 2: it's got nothing to do with that. And just because 53 00:02:57,040 --> 00:02:59,320 Speaker 2: you have decided not to, you know, study or work 54 00:02:59,360 --> 00:03:01,480 Speaker 2: in something that maths heavy, doesn't mean that you don't 55 00:03:01,480 --> 00:03:03,239 Speaker 2: know what you're talking about. Like, at the end of 56 00:03:03,320 --> 00:03:05,079 Speaker 2: the day, I think we can all wrap our heads 57 00:03:05,120 --> 00:03:07,680 Speaker 2: around one plus one equals too, and I, my friend, 58 00:03:07,720 --> 00:03:09,600 Speaker 2: will teach you the rest like I've got the rest. 59 00:03:09,639 --> 00:03:11,600 Speaker 2: I'll teach you about investing. I'll teach you it in 60 00:03:11,639 --> 00:03:14,120 Speaker 2: a way that makes sense for you. But at the 61 00:03:14,200 --> 00:03:16,280 Speaker 2: end of the day, most of us bury our head 62 00:03:16,280 --> 00:03:18,359 Speaker 2: in the sand when it comes to money, because honestly, 63 00:03:18,560 --> 00:03:22,440 Speaker 2: it just feels overwhelming and uninspiring, and so many of 64 00:03:22,520 --> 00:03:25,079 Speaker 2: us will tell ourselves the narrative like I've never been 65 00:03:25,080 --> 00:03:26,920 Speaker 2: good at numbers, or I've never been good at money. 66 00:03:26,919 --> 00:03:29,639 Speaker 2: I've never been good at all of these beings. It's 67 00:03:29,639 --> 00:03:32,799 Speaker 2: because it's about psychology. Think about your friends who are 68 00:03:32,800 --> 00:03:36,320 Speaker 2: really good at saving beck. Are they mathematicians? No, they 69 00:03:36,320 --> 00:03:38,040 Speaker 2: probably just have their heads screwed on and they know 70 00:03:38,080 --> 00:03:40,440 Speaker 2: what their goals are. We think about the people who have, 71 00:03:40,800 --> 00:03:44,080 Speaker 2: you know, really high incomes that aren't good at money. 72 00:03:44,480 --> 00:03:47,960 Speaker 2: So we don't need cos and ten and sin. Oh 73 00:03:48,040 --> 00:03:51,360 Speaker 2: you remember all of those. I'm so smart you did, 74 00:03:51,480 --> 00:03:53,760 Speaker 2: Thank you. You don't actually need those because they have 75 00:03:53,840 --> 00:03:57,320 Speaker 2: nothing to do with you creating financial security and getting 76 00:03:57,320 --> 00:03:59,400 Speaker 2: your budget and cash flow slaughted and putting yourself in 77 00:03:59,400 --> 00:04:02,160 Speaker 2: their best possible position. So I want to talk about 78 00:04:02,160 --> 00:04:05,040 Speaker 2: it today because genuinely, maths is not money, and money 79 00:04:05,080 --> 00:04:09,720 Speaker 2: is not maths. Money is psychology, all right, So I guess, like, 80 00:04:09,800 --> 00:04:12,120 Speaker 2: on the back of that, what does math anxiety actually 81 00:04:12,160 --> 00:04:15,880 Speaker 2: look like for people? Panic, overwhelmed, that pet in your 82 00:04:15,920 --> 00:04:18,039 Speaker 2: stomach or you know that lump in your throat. Yeah, 83 00:04:18,080 --> 00:04:20,839 Speaker 2: anxiety in general, it shows up when you're asked to 84 00:04:20,839 --> 00:04:23,320 Speaker 2: solve a maths problem on the spot. I get that 85 00:04:23,400 --> 00:04:25,840 Speaker 2: anxiety when someone asks me what my times tables are 86 00:04:25,960 --> 00:04:27,599 Speaker 2: because I was never good at rote learning, so I 87 00:04:27,680 --> 00:04:29,880 Speaker 2: just didn't learn them properly. Yellow. Sometimes I work in 88 00:04:29,920 --> 00:04:32,920 Speaker 2: my best friend's coffee cut right. Yeah, yeah, and safety beach. 89 00:04:32,960 --> 00:04:35,480 Speaker 2: You guys might know or calculating the change. I say, 90 00:04:35,600 --> 00:04:37,320 Speaker 2: you know, this is five dollars seventy. Someone gives me 91 00:04:37,360 --> 00:04:40,760 Speaker 2: ten dollars and then another dollar. Well the help, No, 92 00:04:41,720 --> 00:04:44,279 Speaker 2: they don't well know if that will help. I don't 93 00:04:44,320 --> 00:04:47,080 Speaker 2: know if I don't know if you're trying to trick me. 94 00:04:47,200 --> 00:04:49,599 Speaker 2: But that's technically that would help because I can see 95 00:04:49,600 --> 00:04:52,520 Speaker 2: where they're going. It was five dollars seventy and they 96 00:04:52,520 --> 00:04:55,280 Speaker 2: wanted a five dollar note. That totally and then they 97 00:04:55,320 --> 00:04:57,760 Speaker 2: wanted a few cents. Yeah on the spot. No, it's 98 00:04:57,760 --> 00:05:00,600 Speaker 2: not overwhelming. It is something helped me. You should just 99 00:05:00,600 --> 00:05:03,160 Speaker 2: get a calculator that you put beside the register. I think, 100 00:05:03,200 --> 00:05:05,200 Speaker 2: of course, that would really help. I think it's really 101 00:05:05,240 --> 00:05:07,800 Speaker 2: important as well to just like talk about this as 102 00:05:07,839 --> 00:05:10,560 Speaker 2: a normal thing, because how many of us experience this, 103 00:05:10,680 --> 00:05:12,680 Speaker 2: but then feel like if we talked about it, we'd 104 00:05:12,720 --> 00:05:14,760 Speaker 2: come across a silly or dumb or like not in 105 00:05:14,800 --> 00:05:18,240 Speaker 2: an intelligent human being. Yeah, why would you know how 106 00:05:18,279 --> 00:05:20,800 Speaker 2: to do something if it's not part of your curriculum? 107 00:05:21,040 --> 00:05:23,720 Speaker 2: Why would you know how to consistently be good at 108 00:05:23,760 --> 00:05:26,200 Speaker 2: money and budgeting if we've never learnt before? Becky, if 109 00:05:26,279 --> 00:05:28,200 Speaker 2: I sent you into a doctor surgery and said you're 110 00:05:28,200 --> 00:05:31,360 Speaker 2: the doctor today, how could you do that job? Well, 111 00:05:31,440 --> 00:05:32,839 Speaker 2: I'd give it a go. You give it a go, 112 00:05:33,120 --> 00:05:35,120 Speaker 2: but I wouldn't known, You wouldn't know, you'd just be 113 00:05:35,200 --> 00:05:38,159 Speaker 2: making it up. Be a tiny baby exactly. If somebody 114 00:05:38,200 --> 00:05:40,120 Speaker 2: sent me into their job as a potter, I'd like 115 00:05:40,160 --> 00:05:41,520 Speaker 2: walk in and be like, I don't know how to 116 00:05:41,520 --> 00:05:44,080 Speaker 2: make pops, but I don't know how to do this right. 117 00:05:44,320 --> 00:05:46,880 Speaker 2: I think it looks sexy like I've always wanted to do, 118 00:05:47,080 --> 00:05:48,839 Speaker 2: you know, like that scene out of Ghost where you 119 00:05:48,839 --> 00:05:52,080 Speaker 2: can like create a big oas and it's a centual experience. 120 00:05:52,480 --> 00:05:54,280 Speaker 2: I'd mess it up here in two seconds. You know, 121 00:05:54,680 --> 00:05:55,960 Speaker 2: I don't know how to do that because I've had 122 00:05:56,040 --> 00:05:57,800 Speaker 2: no practice in it. You know how you get good 123 00:05:57,839 --> 00:06:01,039 Speaker 2: at that you practice in it. I haven't practiced money. 124 00:06:01,040 --> 00:06:03,440 Speaker 2: How are you going to be good at it? Exactly 125 00:06:03,720 --> 00:06:06,480 Speaker 2: right before we go any Further, though, I do want 126 00:06:06,480 --> 00:06:09,000 Speaker 2: to acknowledge that there is a genuine learning disability that 127 00:06:09,080 --> 00:06:12,120 Speaker 2: makes it very difficult. It's like dyslexia, but it's called 128 00:06:12,400 --> 00:06:16,680 Speaker 2: dyscalcula ah, and it's when you just really struggle to 129 00:06:16,760 --> 00:06:20,440 Speaker 2: comprehend numbers. Today, we're not talking about that. We are 130 00:06:20,480 --> 00:06:23,680 Speaker 2: talking about math's anxiety, which is more of a psychological 131 00:06:23,760 --> 00:06:26,200 Speaker 2: hurdle than a neurological one. And I think if you're 132 00:06:26,240 --> 00:06:28,799 Speaker 2: suffering from that, I can't help you in that aspect 133 00:06:28,839 --> 00:06:31,520 Speaker 2: because I'm not a psychologist or a psychiatrist or working 134 00:06:31,560 --> 00:06:33,800 Speaker 2: in that space. But what I do talk about is 135 00:06:33,880 --> 00:06:37,520 Speaker 2: money and math's anxiety as a generalized concept that we 136 00:06:37,600 --> 00:06:39,440 Speaker 2: struggle with. So I don't want people to listen to 137 00:06:39,440 --> 00:06:40,920 Speaker 2: this and be like, oh, V, did you know that's 138 00:06:40,960 --> 00:06:43,400 Speaker 2: a real thing? Like I do. But we're not talking 139 00:06:43,400 --> 00:06:46,000 Speaker 2: about that. We're talking about people like you Beck who 140 00:06:46,120 --> 00:06:48,280 Speaker 2: just gare really overwhelmed with it. But I know you 141 00:06:48,400 --> 00:06:50,040 Speaker 2: have the power to do it, and I know you're 142 00:06:50,080 --> 00:06:52,440 Speaker 2: smart enough and good enough and it's not hard and 143 00:06:52,520 --> 00:06:54,920 Speaker 2: if I give you the right push, like you will 144 00:06:54,920 --> 00:06:58,120 Speaker 2: actually flourish, right, Like, you'll be fine. But that's like 145 00:06:58,160 --> 00:07:00,440 Speaker 2: everybody who's listening right, Like, I know you can do 146 00:07:00,480 --> 00:07:02,080 Speaker 2: this because if I can do it, you can do it. 147 00:07:02,120 --> 00:07:04,200 Speaker 2: And I know you think that I'm relatively intelligent. That's 148 00:07:04,240 --> 00:07:07,600 Speaker 2: just good editing. That's just good editing, you know, true, 149 00:07:08,160 --> 00:07:11,120 Speaker 2: it's just the person sitting with her twenty four seven, 150 00:07:11,240 --> 00:07:13,800 Speaker 2: that's definitely true. But I feel like math's anxiety can 151 00:07:13,840 --> 00:07:16,640 Speaker 2: convince you that you're bad at maths or you're bad 152 00:07:16,760 --> 00:07:20,120 Speaker 2: at money and anything that involves numbers. And I just 153 00:07:20,160 --> 00:07:23,560 Speaker 2: think it's really important to know that there is legitimate research, 154 00:07:23,640 --> 00:07:27,400 Speaker 2: beack that tells us that you being bad at numbers 155 00:07:27,440 --> 00:07:31,160 Speaker 2: has literally nothing to do with your actual ability and 156 00:07:31,280 --> 00:07:33,400 Speaker 2: everything to do with the fact that you haven't learned 157 00:07:33,400 --> 00:07:34,920 Speaker 2: how to do it or you haven't been taught properly. 158 00:07:35,000 --> 00:07:37,000 Speaker 2: That actually makes a lot of pretty sexy. So has 159 00:07:37,040 --> 00:07:39,760 Speaker 2: there been any studies into the prevalence of math's anxiety 160 00:07:39,760 --> 00:07:42,480 Speaker 2: and how it actually plays out for people? Obviously? Yes, Like, 161 00:07:42,520 --> 00:07:44,520 Speaker 2: I'm not going to come not well did, I'm going 162 00:07:44,560 --> 00:07:47,760 Speaker 2: to come with the proof? Baby? So the twenty seventeen 163 00:07:47,960 --> 00:07:51,480 Speaker 2: Westpac Numeracy Study found that math's anxiety affects as many 164 00:07:51,560 --> 00:07:55,600 Speaker 2: as a third of adults and children in Australia. One 165 00:07:55,720 --> 00:07:58,160 Speaker 2: very large study which was connected in the UK in 166 00:07:58,200 --> 00:08:00,760 Speaker 2: twenty nineteen. It's a little bit more recent, found that 167 00:08:00,840 --> 00:08:04,200 Speaker 2: seventy seven percent of children with high levels of maths 168 00:08:04,240 --> 00:08:08,680 Speaker 2: anxiety achieved average to high grades in the subject. Ah 169 00:08:08,760 --> 00:08:11,200 Speaker 2: is that good. Yeah, but you're doing really well, but 170 00:08:11,320 --> 00:08:11,960 Speaker 2: you're anxious. 171 00:08:12,320 --> 00:08:12,680 Speaker 3: Yeah. 172 00:08:12,840 --> 00:08:15,080 Speaker 2: Maybe they're just like me and they're just anxious about everything. 173 00:08:15,760 --> 00:08:18,680 Speaker 2: So in twenty twelve, a USA study explored what was 174 00:08:18,680 --> 00:08:21,080 Speaker 2: happening in the brain of children between the age of 175 00:08:21,240 --> 00:08:23,840 Speaker 2: seven to nine while they solved a series of different 176 00:08:23,840 --> 00:08:27,680 Speaker 2: maths problems. In kids with money anxiety, scans showed that 177 00:08:27,720 --> 00:08:32,679 Speaker 2: the brain regions associated with processing negative emotions were hyperactive, 178 00:08:33,000 --> 00:08:35,880 Speaker 2: while those that play a role in mathematical reasoning and 179 00:08:35,960 --> 00:08:41,000 Speaker 2: working memory were completely unreactive. Oh that's very interesting. So 180 00:08:41,080 --> 00:08:43,520 Speaker 2: that means that there is literally a link between money 181 00:08:43,559 --> 00:08:46,719 Speaker 2: anxiety and negative emotions. So, no, wonder we don't want 182 00:08:46,760 --> 00:08:49,040 Speaker 2: to touch it. Yeah, no, wonder you run away from it? 183 00:08:49,080 --> 00:08:52,360 Speaker 2: Who wants to experience negative emotions? Yeah, that makes sense. 184 00:08:52,600 --> 00:08:55,720 Speaker 2: The maths is mathing, right, math is actually mathan right now. 185 00:08:55,880 --> 00:08:58,320 Speaker 2: The same study, Beck also found that the effects were 186 00:08:58,400 --> 00:09:01,560 Speaker 2: unique to the children with maths anxiety and had nothing 187 00:09:01,600 --> 00:09:04,880 Speaker 2: to do with general anxiety, intelligence or reading ability. That's 188 00:09:04,880 --> 00:09:07,959 Speaker 2: good to know. So it's just maths anxiety. So what 189 00:09:08,040 --> 00:09:11,040 Speaker 2: I have determined from this it's a real thing, real thing, 190 00:09:11,200 --> 00:09:12,760 Speaker 2: real thing. We're talking a lot of numbers here. I 191 00:09:12,800 --> 00:09:14,959 Speaker 2: see it's going to a quick break and see you 192 00:09:15,000 --> 00:09:22,760 Speaker 2: guys on the other side. We are back in this episode, 193 00:09:22,840 --> 00:09:25,120 Speaker 2: I feel like is a happy, snappy little episode that 194 00:09:25,200 --> 00:09:27,200 Speaker 2: hopefully puts a pep in your step when it comes 195 00:09:27,240 --> 00:09:30,880 Speaker 2: to maths anxiety and feeling overwhelmed by numbers. I feel 196 00:09:30,920 --> 00:09:33,160 Speaker 2: like so many of us experience this, and I just 197 00:09:33,160 --> 00:09:34,560 Speaker 2: want to grab you and hug you and be like, 198 00:09:34,640 --> 00:09:36,880 Speaker 2: it's not you, it's everyone. You're not alone. Like we 199 00:09:36,960 --> 00:09:39,600 Speaker 2: all suck at maths, like I fumble at the checkout 200 00:09:39,640 --> 00:09:41,839 Speaker 2: sometimes when people are like, oh, it's fifty bucks, I go, 201 00:09:41,880 --> 00:09:43,800 Speaker 2: oh my god, if I even got that. Like, I 202 00:09:43,800 --> 00:09:45,680 Speaker 2: feel like we all go through this, But what we 203 00:09:45,720 --> 00:09:49,160 Speaker 2: should be doing is just normalizing these conversations because we 204 00:09:49,200 --> 00:09:51,760 Speaker 2: can learn anything we put our minds to. And I 205 00:09:51,840 --> 00:09:54,360 Speaker 2: know this is like the worst quote ever. Dumber people 206 00:09:54,360 --> 00:09:56,679 Speaker 2: have dumbe better things, But do you know what I mean? 207 00:09:56,880 --> 00:09:59,240 Speaker 2: Like you look at it like there are so many 208 00:09:59,240 --> 00:10:02,240 Speaker 2: people in this world world who have less intelligence, but 209 00:10:02,280 --> 00:10:05,120 Speaker 2: they just put themselves out there they see killing it 210 00:10:05,160 --> 00:10:07,280 Speaker 2: at their game or their whatever it's going to do 211 00:10:07,440 --> 00:10:09,600 Speaker 2: with intelligence. Yes. In fact, if you want like my 212 00:10:09,640 --> 00:10:12,679 Speaker 2: favorite book recommendation of the moment, it's a book called 213 00:10:12,840 --> 00:10:16,480 Speaker 2: Grit by Angela Duckworth. And is it about how ducks 214 00:10:16,520 --> 00:10:18,960 Speaker 2: are worthy to No, it's not about how ducks are 215 00:10:18,960 --> 00:10:21,880 Speaker 2: worthy too. We are you are killing me? Ducks are worthy? 216 00:10:22,679 --> 00:10:25,760 Speaker 2: We like Angela Duckworth. I mean we canceling jk Rawlings, 217 00:10:25,800 --> 00:10:28,400 Speaker 2: but that is okay. But essentially she wrote this book 218 00:10:28,440 --> 00:10:31,400 Speaker 2: and it's about grit, and it is this really cool 219 00:10:31,559 --> 00:10:35,400 Speaker 2: book about how grit is passion and perseverance for long 220 00:10:35,480 --> 00:10:38,040 Speaker 2: term goals. And one way I guess to think about 221 00:10:38,040 --> 00:10:41,680 Speaker 2: grit is it's not talent, it's not intelligence. It's actually 222 00:10:41,760 --> 00:10:46,360 Speaker 2: about how the most successful people in this world aren't 223 00:10:46,360 --> 00:10:49,760 Speaker 2: the smartest, and maybe they aren't the most talented, but 224 00:10:49,800 --> 00:10:52,360 Speaker 2: they're the ones that get up and try again. And 225 00:10:52,400 --> 00:10:54,840 Speaker 2: that's like that grit. I think it was twenty thirteen 226 00:10:54,960 --> 00:10:57,360 Speaker 2: she did a Ted talk and that Ted talk is amazing. 227 00:10:57,360 --> 00:10:58,640 Speaker 2: If you don't want to read the book, just look 228 00:10:58,679 --> 00:11:01,480 Speaker 2: up grit, the power of passion and perseverance, and that 229 00:11:01,559 --> 00:11:05,640 Speaker 2: Ted talk is amazing. It like makes you feel so empowered, 230 00:11:05,720 --> 00:11:09,080 Speaker 2: I suppose, because it's really about this power that you 231 00:11:09,280 --> 00:11:12,720 Speaker 2: have of perseverance and actually standing up and just going 232 00:11:12,720 --> 00:11:14,439 Speaker 2: you know what, I'm just going to try again, because 233 00:11:14,480 --> 00:11:17,240 Speaker 2: that's what creates the most successful people in the entire world. 234 00:11:17,640 --> 00:11:20,400 Speaker 2: Nothing to do with intelligence. So if you're telling yourself 235 00:11:20,400 --> 00:11:22,400 Speaker 2: this narrative of I'm not smart enough or I'm not 236 00:11:22,440 --> 00:11:25,520 Speaker 2: good enough, it actually has nothing to do with that. Sure, 237 00:11:25,559 --> 00:11:28,480 Speaker 2: So when I say dumber people have done better things, 238 00:11:28,800 --> 00:11:31,760 Speaker 2: that's what I mean because they've probably got that grit. 239 00:11:31,920 --> 00:11:35,000 Speaker 2: And I feel like if anyone was to compliment me, 240 00:11:35,559 --> 00:11:37,880 Speaker 2: I would love it if people said, she's real gritty. 241 00:11:38,200 --> 00:11:40,520 Speaker 2: You seem like you've read that book. When you were 242 00:11:40,520 --> 00:11:42,200 Speaker 2: explaining that book to me, I was like, I'm obsessed 243 00:11:42,200 --> 00:11:44,320 Speaker 2: with it. You've read it, and it shows, babe. It's 244 00:11:44,320 --> 00:11:47,120 Speaker 2: honestly a really good book about I guess, just the 245 00:11:47,200 --> 00:11:50,360 Speaker 2: power of perseverance. Because you know, I'm not silly. I 246 00:11:50,360 --> 00:11:53,839 Speaker 2: am relatively intelligent. Let's be honest. I'm a bloody nerd, 247 00:11:54,280 --> 00:11:56,240 Speaker 2: but like I'm not the most intelligent person in the 248 00:11:56,360 --> 00:11:58,760 Speaker 2: entire world. I'm not the smartest, I'm not the funniest, 249 00:11:58,800 --> 00:12:01,240 Speaker 2: I'm not the anything. I'm not eve the best at finance, 250 00:12:01,440 --> 00:12:04,360 Speaker 2: I'm not the best podcaster, I'm not anything debatable. Well 251 00:12:04,400 --> 00:12:07,760 Speaker 2: I know, but I'm genuinely not. And I'm okay with 252 00:12:07,800 --> 00:12:09,760 Speaker 2: that because that means there's heaps of people I can 253 00:12:09,840 --> 00:12:13,240 Speaker 2: learn from. But also being gritty means I will continue 254 00:12:13,280 --> 00:12:15,439 Speaker 2: to make content. I will continue to do this stuff, 255 00:12:15,440 --> 00:12:17,400 Speaker 2: and like you can do that too, And I just 256 00:12:17,400 --> 00:12:20,080 Speaker 2: don't want people to feel less than because they aren't, 257 00:12:20,440 --> 00:12:22,840 Speaker 2: you know, they're feeling, oh, I wasn't that smart. At school, 258 00:12:23,120 --> 00:12:25,640 Speaker 2: we all have narratives of teachers telling us that we're 259 00:12:25,640 --> 00:12:27,400 Speaker 2: not good enough, or that we aren't going to add 260 00:12:27,440 --> 00:12:29,720 Speaker 2: up to anything, or that you know, that's the wrong 261 00:12:29,760 --> 00:12:33,360 Speaker 2: career choice. But like, it doesn't matter what your capability is, 262 00:12:33,600 --> 00:12:36,400 Speaker 2: or what your intelligence is, or even what talent you have. 263 00:12:37,160 --> 00:12:38,920 Speaker 2: You could be the best singer in the entire world, 264 00:12:38,960 --> 00:12:41,000 Speaker 2: but you don't have the confidence, so nobody ever finds 265 00:12:41,040 --> 00:12:43,840 Speaker 2: that out right, right, Like, you could be the most 266 00:12:43,880 --> 00:12:46,640 Speaker 2: intelligent person in the entire world, but you're, you know, 267 00:12:46,840 --> 00:12:49,920 Speaker 2: so hard on yourself that you never get to capitalize 268 00:12:49,920 --> 00:12:52,080 Speaker 2: on the fact that you're the most intelligent person in 269 00:12:52,080 --> 00:12:54,720 Speaker 2: the entire world. Yeah, yeah, I totally agree with that. 270 00:12:54,960 --> 00:12:57,360 Speaker 2: So I just think it's so smart and so I guess, 271 00:12:57,480 --> 00:12:59,200 Speaker 2: you know, we can go back into the questions that 272 00:12:59,200 --> 00:13:02,280 Speaker 2: you've got for me. But I'm just so passionate about 273 00:13:02,280 --> 00:13:04,320 Speaker 2: this topic because I don't want you to be stressed. 274 00:13:04,360 --> 00:13:05,760 Speaker 2: I want you to be empowered, Like I want to 275 00:13:05,800 --> 00:13:08,480 Speaker 2: have the best days ever. And I know that you 276 00:13:08,520 --> 00:13:10,080 Speaker 2: can do it because I can do it. Beck can 277 00:13:10,120 --> 00:13:12,600 Speaker 2: do it, Like you just need the education. Yeah yeah, 278 00:13:12,679 --> 00:13:15,080 Speaker 2: I agree with that. So I guess, like prevention is 279 00:13:15,080 --> 00:13:17,640 Speaker 2: the best cure. I want to know how does it 280 00:13:17,679 --> 00:13:19,839 Speaker 2: all develop, so we can kind of like nip it 281 00:13:19,880 --> 00:13:22,200 Speaker 2: in the butt and see the signs early. It's obviously 282 00:13:22,280 --> 00:13:24,480 Speaker 2: super common for maths and anxiety to start when you're 283 00:13:24,520 --> 00:13:27,800 Speaker 2: in primary school because that's when you start learning about maths, 284 00:13:28,320 --> 00:13:30,880 Speaker 2: with some studies finding that it can actually start in 285 00:13:30,960 --> 00:13:33,720 Speaker 2: kids as young as six years old. There does bambini 286 00:13:33,880 --> 00:13:37,280 Speaker 2: still funny babies? I prayed one, Ah, I shouldn't feeling 287 00:13:37,400 --> 00:13:38,760 Speaker 2: five or six. Oh my gosh. 288 00:13:38,840 --> 00:13:39,000 Speaker 1: No. 289 00:13:39,160 --> 00:13:41,240 Speaker 2: I feel like so many of us, as I said before, 290 00:13:41,480 --> 00:13:44,840 Speaker 2: have had bad teachers or you know, unsupportive environments, but 291 00:13:45,040 --> 00:13:47,840 Speaker 2: all of that can be changed. Like, I'm so passionate 292 00:13:47,880 --> 00:13:49,920 Speaker 2: about this, and we really should do another episode on 293 00:13:50,000 --> 00:13:52,520 Speaker 2: money Stories. So if you go all the way back 294 00:13:52,559 --> 00:13:55,439 Speaker 2: to season one, episode one, that was my first podcast, 295 00:13:55,480 --> 00:13:57,720 Speaker 2: it was called Money Stories. And the reason it was 296 00:13:57,720 --> 00:14:01,160 Speaker 2: my first podcast is because that's what I'm most passionate about. Like, 297 00:14:01,240 --> 00:14:04,360 Speaker 2: we can't change the past. We can't change the environments 298 00:14:04,400 --> 00:14:06,880 Speaker 2: we had, the people that supported us. We can't change 299 00:14:06,920 --> 00:14:09,320 Speaker 2: you know, the education we were given, the privilege that 300 00:14:09,360 --> 00:14:12,120 Speaker 2: we had. But what we can do is change the future. 301 00:14:12,400 --> 00:14:14,560 Speaker 2: Like you have no control over what's happened to you, 302 00:14:14,640 --> 00:14:17,400 Speaker 2: and that's why we shouldn't crucify ourselves based on our 303 00:14:17,440 --> 00:14:20,520 Speaker 2: past mistakes or based on what we did or didn't 304 00:14:20,560 --> 00:14:23,720 Speaker 2: have access to. But there are so many amazing people 305 00:14:23,760 --> 00:14:26,400 Speaker 2: in our community who have proved to us that you 306 00:14:26,480 --> 00:14:28,600 Speaker 2: can just change your money story by choice. I'm not 307 00:14:28,600 --> 00:14:31,360 Speaker 2: saying it's easy, but you can change your money story 308 00:14:31,360 --> 00:14:33,840 Speaker 2: by choice, and that is such a beautiful thing. And 309 00:14:33,880 --> 00:14:36,320 Speaker 2: I just think that if you did have somebody who 310 00:14:36,360 --> 00:14:39,360 Speaker 2: wasn't the most supportive or the best environment, like you 311 00:14:39,400 --> 00:14:41,200 Speaker 2: can become good at something if you choose to be 312 00:14:41,240 --> 00:14:44,160 Speaker 2: good at it. It's epic. Maybe you inherited a whole 313 00:14:44,160 --> 00:14:47,240 Speaker 2: heap of baggage from your parents. We obviously have our 314 00:14:47,280 --> 00:14:50,120 Speaker 2: Money Diaries episode where it always asks can you tell 315 00:14:50,200 --> 00:14:52,480 Speaker 2: us a little bit more about your money story? One 316 00:14:52,520 --> 00:14:54,880 Speaker 2: because it's my favorite question, But two it's so pervy 317 00:14:54,920 --> 00:14:57,000 Speaker 2: and it's so beautiful that we've got this community that 318 00:14:57,120 --> 00:14:59,680 Speaker 2: want to share with us. But we talk to people 319 00:14:59,720 --> 00:15:02,160 Speaker 2: about the baggage they inherit from their parents, or their 320 00:15:02,200 --> 00:15:06,000 Speaker 2: circumstances or traumatic events they've been through, or we even 321 00:15:06,040 --> 00:15:08,760 Speaker 2: talk to people about their privilege, like we have talked 322 00:15:08,800 --> 00:15:10,640 Speaker 2: to people who have been given it on a silver 323 00:15:10,680 --> 00:15:14,080 Speaker 2: platter done nothing with it. Like it's wild what your 324 00:15:14,120 --> 00:15:16,240 Speaker 2: money story is made up of. I'm obsessed with it. 325 00:15:16,640 --> 00:15:20,960 Speaker 2: Other things spec like gender stereotypes are also really major 326 00:15:21,040 --> 00:15:24,560 Speaker 2: sources of negative beliefs about money and maths, especially in 327 00:15:24,640 --> 00:15:27,720 Speaker 2: girls and women who tend to experience math and anxiety 328 00:15:27,800 --> 00:15:30,960 Speaker 2: way more than boys do, even though they perform just 329 00:15:31,000 --> 00:15:33,760 Speaker 2: as well in the subject, Like girls aren't inherently worse 330 00:15:33,760 --> 00:15:36,320 Speaker 2: at maths. No, but it's not a girl, it's ourpic. 331 00:15:38,080 --> 00:15:41,480 Speaker 2: I'm not a finance bro. Yeah, yeah, I'm so glad 332 00:15:41,480 --> 00:15:44,160 Speaker 2: that we're veering away from that narrative and hopefully that 333 00:15:44,280 --> 00:15:47,080 Speaker 2: will not be a common stat in the future. I agree, 334 00:15:47,120 --> 00:15:49,360 Speaker 2: But isn't it wild? It's also kind of like, I 335 00:15:49,360 --> 00:15:51,760 Speaker 2: guess this is another left field part of the conversation, 336 00:15:52,480 --> 00:15:54,680 Speaker 2: just even the way that you know, hear it, she's 337 00:15:54,680 --> 00:15:57,880 Speaker 2: on the money. We create content is illustrated in the media, 338 00:15:57,960 --> 00:16:02,280 Speaker 2: like anytime anything happens Victoria divine and it's always fluffy, 339 00:16:02,320 --> 00:16:04,840 Speaker 2: and it's always like her and hergem. You already have girls. 340 00:16:05,360 --> 00:16:07,640 Speaker 2: But like if somebody who was male did the same 341 00:16:07,680 --> 00:16:10,080 Speaker 2: stuff that we did, it would be looked at very, 342 00:16:10,160 --> 00:16:13,680 Speaker 2: very differently somehow. Because I am a female who cares 343 00:16:13,680 --> 00:16:16,080 Speaker 2: about her nails and her hair and wants to have, 344 00:16:16,360 --> 00:16:18,680 Speaker 2: you know, rainbow technic color nails, and I want to 345 00:16:18,680 --> 00:16:21,160 Speaker 2: get my eyelash extensions and I really enjoy those things. 346 00:16:21,240 --> 00:16:24,360 Speaker 2: That means that I'm probably not as good at money 347 00:16:24,480 --> 00:16:27,520 Speaker 2: or finance as you are, right, Like, there's just this 348 00:16:27,600 --> 00:16:30,840 Speaker 2: inherent underlying idea that I Am not going to be 349 00:16:31,000 --> 00:16:33,760 Speaker 2: as good at that. And it's wild when I meet 350 00:16:33,800 --> 00:16:36,520 Speaker 2: people in the wild. It's wild when I meet people 351 00:16:36,560 --> 00:16:38,160 Speaker 2: and they're like, oh, what do you do? Go, I've 352 00:16:38,160 --> 00:16:40,480 Speaker 2: got a podcast and they go, cute, what's your real job? 353 00:16:42,040 --> 00:16:45,400 Speaker 2: I go, okay, cool, like I also own a mortgage 354 00:16:45,400 --> 00:16:47,240 Speaker 2: broken company. They're like, oh, really, do you just work 355 00:16:47,280 --> 00:16:52,000 Speaker 2: from home? Like it's always undermined, it's always underplayed because 356 00:16:52,040 --> 00:16:55,480 Speaker 2: there's this stereotype that I don't fit of somebody who 357 00:16:55,600 --> 00:16:59,200 Speaker 2: might own a successful finance company. Yeah, that's a real shame. 358 00:17:00,160 --> 00:17:02,320 Speaker 2: I don't even care. Like I could not care less. 359 00:17:02,400 --> 00:17:06,080 Speaker 2: It's actually comical, Like, I know sometimes I work from home, 360 00:17:06,400 --> 00:17:08,679 Speaker 2: but my team they work from an office. Yeah, and 361 00:17:08,680 --> 00:17:10,399 Speaker 2: they kind of like bat their eyes and they're like, 362 00:17:10,400 --> 00:17:14,680 Speaker 2: what a team. It doesn't have a compute what It's 363 00:17:14,720 --> 00:17:16,439 Speaker 2: my favorite thing in the entire world. But I just 364 00:17:16,480 --> 00:17:20,320 Speaker 2: think that gender stereotypes are obviously this massive source of anxiety, 365 00:17:20,359 --> 00:17:22,640 Speaker 2: and they shouldn't be because we're not less than Ye've 366 00:17:22,720 --> 00:17:27,080 Speaker 2: just been fed to this patriarchal idea that women shouldn't 367 00:17:27,080 --> 00:17:30,040 Speaker 2: be good at things, when in reality, we know that 368 00:17:30,080 --> 00:17:33,000 Speaker 2: women are better investors than men. There is so much 369 00:17:33,040 --> 00:17:35,959 Speaker 2: research out there to say that if we just divide 370 00:17:36,000 --> 00:17:38,639 Speaker 2: the genders and look at who's a better investor, women 371 00:17:38,640 --> 00:17:42,400 Speaker 2: are because we take more time, more energy to understand 372 00:17:42,440 --> 00:17:46,360 Speaker 2: the circumstances. We are less likely to be responsive. We're 373 00:17:46,359 --> 00:17:50,240 Speaker 2: more likely to think about the circumstances. Sure makes us 374 00:17:50,240 --> 00:17:53,120 Speaker 2: better at investing. I like, that's a strong statement, and 375 00:17:53,280 --> 00:17:57,679 Speaker 2: I'm going to agree with having absolutely no knowledge on 376 00:17:57,720 --> 00:17:59,840 Speaker 2: that way. But women are more likely to tell themselves 377 00:17:59,880 --> 00:18:01,320 Speaker 2: that they're not good at it because they don't know 378 00:18:01,400 --> 00:18:03,639 Speaker 2: anything about it. They're not smart enough. That is a 379 00:18:03,760 --> 00:18:06,879 Speaker 2: real shame, and it's fake, fake news, fake news. Everyone. 380 00:18:06,960 --> 00:18:08,959 Speaker 2: We're canceling it because you're a really smart girl and 381 00:18:09,000 --> 00:18:11,760 Speaker 2: I believe in you. Ye. But essentially all of these 382 00:18:11,760 --> 00:18:13,880 Speaker 2: things that we're talking about today are linked to your 383 00:18:13,920 --> 00:18:16,520 Speaker 2: story and a linked to the narrative that you tell 384 00:18:16,560 --> 00:18:20,000 Speaker 2: yourself as an adult, and they actually don't reflect your 385 00:18:20,000 --> 00:18:22,760 Speaker 2: ability at all. You could actually be amazing at maths 386 00:18:23,240 --> 00:18:26,080 Speaker 2: and you're thinking about this going, oh wow, that's another 387 00:18:26,119 --> 00:18:28,280 Speaker 2: part of my life, Like I'm not so good at comprehension, 388 00:18:28,359 --> 00:18:30,320 Speaker 2: or I'm not good at making friends, or I'm not 389 00:18:30,359 --> 00:18:33,000 Speaker 2: good at whatever. It is. Like, you can be if 390 00:18:33,000 --> 00:18:35,520 Speaker 2: you want to be. I love that you can if 391 00:18:35,560 --> 00:18:38,360 Speaker 2: you want to be. How do we address it? It's 392 00:18:38,440 --> 00:18:42,639 Speaker 2: not a life sentence like you stuck with maths anxiety forever. 393 00:18:43,080 --> 00:18:45,760 Speaker 2: To be honest, I really think it's about education, because 394 00:18:45,960 --> 00:18:48,960 Speaker 2: most of the time we feel anxious about something, or 395 00:18:48,960 --> 00:18:52,280 Speaker 2: we're scared about something, or we don't want to engage 396 00:18:52,320 --> 00:18:54,800 Speaker 2: in something, or we're just a little bit apprehensive because 397 00:18:54,800 --> 00:18:57,560 Speaker 2: we don't know enough about the circumstance. Right, Like I 398 00:18:57,720 --> 00:19:00,360 Speaker 2: get social anxiety, and a lot of the time, thing 399 00:19:00,400 --> 00:19:03,160 Speaker 2: that alleviates that social anxiety is if I get told 400 00:19:03,240 --> 00:19:05,560 Speaker 2: who's going to be there where it is, I'm far 401 00:19:05,640 --> 00:19:07,920 Speaker 2: less anxious if I'm going somewhere I've already been because 402 00:19:07,960 --> 00:19:11,760 Speaker 2: you already know the circumstances. And basically that's education, right 403 00:19:12,119 --> 00:19:15,919 Speaker 2: So like education makes me feel more comfortable. Same with maths. 404 00:19:15,960 --> 00:19:19,560 Speaker 2: You usually are going to feel overwhelmed or anxious about 405 00:19:19,560 --> 00:19:22,560 Speaker 2: something if you don't have enough information about that. But 406 00:19:22,560 --> 00:19:24,040 Speaker 2: if I set you down and gave you all the 407 00:19:24,080 --> 00:19:26,960 Speaker 2: information that you needed. I'm not saying the maths anxiety 408 00:19:27,000 --> 00:19:29,000 Speaker 2: is going anywhere, but I promise it will be much 409 00:19:29,080 --> 00:19:32,200 Speaker 2: less because you feel a bit more empowered in that circumstance. 410 00:19:32,600 --> 00:19:35,080 Speaker 2: So I guess the first step is to challenge your 411 00:19:35,119 --> 00:19:38,520 Speaker 2: personal beliefs about yourself and your abilities and maybe ask 412 00:19:38,560 --> 00:19:40,320 Speaker 2: yourself what are you good at? And I promise there 413 00:19:40,359 --> 00:19:43,199 Speaker 2: are going to be things like, there's so much to 414 00:19:43,359 --> 00:19:46,239 Speaker 2: this where I know that if you are anxious or 415 00:19:46,280 --> 00:19:48,920 Speaker 2: you don't have enough confidence, you just go, oh, I 416 00:19:48,960 --> 00:19:50,760 Speaker 2: don't want to have too many tickets on myself. Well 417 00:19:50,800 --> 00:19:54,000 Speaker 2: that's really lame. But honestly, having a low opinion of 418 00:19:54,040 --> 00:19:57,640 Speaker 2: yourself it's not modest, it's not sexy. It's actually self destruction. 419 00:19:58,160 --> 00:19:59,679 Speaker 2: And I think so many times we try to be 420 00:19:59,680 --> 00:20:01,399 Speaker 2: modest and go oh, like I don't want to you know, 421 00:20:01,520 --> 00:20:06,880 Speaker 2: look like I'm pumping up my own tires. Why it's 422 00:20:07,000 --> 00:20:10,720 Speaker 2: destructive to pretend you're not as good at things as 423 00:20:10,760 --> 00:20:13,359 Speaker 2: you are. I mean, there's obviously the flip side of that, 424 00:20:13,400 --> 00:20:15,120 Speaker 2: where you have a God complex and you think you're 425 00:20:15,119 --> 00:20:18,399 Speaker 2: amazing at absolutely everything, and like watching those train wrecks 426 00:20:18,520 --> 00:20:20,960 Speaker 2: of the auditions on Australian Idol, which are one of 427 00:20:20,960 --> 00:20:24,160 Speaker 2: my favorite things in the entire world, you're just like, ah, 428 00:20:25,119 --> 00:20:27,960 Speaker 2: that's a lot thank God for God complex. Yes, sometimes yeah, 429 00:20:28,000 --> 00:20:31,000 Speaker 2: thank God because it provides me with a lot of entertainment. 430 00:20:31,240 --> 00:20:33,440 Speaker 2: But at the end of the day, you saying what 431 00:20:33,480 --> 00:20:37,000 Speaker 2: you're good at is actually just really constructive and really 432 00:20:37,040 --> 00:20:40,160 Speaker 2: helpful and helps you leverage into other parts of your life. 433 00:20:40,560 --> 00:20:43,720 Speaker 2: You might be really good at conversations. You might be 434 00:20:43,960 --> 00:20:46,400 Speaker 2: really good at one or another thing, and like that's 435 00:20:46,440 --> 00:20:48,360 Speaker 2: not a bad thing to say, Oh I'm not good 436 00:20:48,359 --> 00:20:50,560 Speaker 2: at that, or I am good at that. It's actually 437 00:20:50,600 --> 00:20:52,560 Speaker 2: a really good thing to just be real with yourself, 438 00:20:52,600 --> 00:20:55,119 Speaker 2: because we can't learn and grow if we don't know 439 00:20:55,119 --> 00:20:58,119 Speaker 2: where we're learning and growing from. So take, for example, 440 00:20:58,240 --> 00:21:00,480 Speaker 2: like sport or writing. How do you react when you 441 00:21:00,520 --> 00:21:03,320 Speaker 2: make a mistake doing something that you're really confident with? 442 00:21:03,480 --> 00:21:06,560 Speaker 2: You go, oh my god, whatever, that doesn't make sense. 443 00:21:06,960 --> 00:21:09,360 Speaker 2: If you're really good at sport, beck and you like, 444 00:21:09,560 --> 00:21:11,760 Speaker 2: you know, we're playing tennis and you're really really good 445 00:21:11,760 --> 00:21:14,080 Speaker 2: at tennis and you miss a swing, you're probably just 446 00:21:14,080 --> 00:21:16,000 Speaker 2: gonna shrug it off and try again, right, because you're 447 00:21:16,000 --> 00:21:18,199 Speaker 2: actually really good at that thing. But if you were 448 00:21:18,240 --> 00:21:20,600 Speaker 2: just learning tennis for the very first time and you 449 00:21:20,600 --> 00:21:22,280 Speaker 2: miss a swing, you'd be like, I can't do this. 450 00:21:22,440 --> 00:21:24,879 Speaker 2: I suck. This isn't good, Like I'm the worst at this, 451 00:21:25,000 --> 00:21:27,679 Speaker 2: I'm no good, you haven't had enough practice, and like 452 00:21:27,720 --> 00:21:30,880 Speaker 2: that's basically it. But when you make a mistake with maths, 453 00:21:30,920 --> 00:21:34,040 Speaker 2: maybe you really punish yourself with negative affirmations or panic right, 454 00:21:34,760 --> 00:21:35,280 Speaker 2: of course. 455 00:21:35,160 --> 00:21:35,800 Speaker 3: I got it wrong. 456 00:21:35,920 --> 00:21:39,600 Speaker 2: I'm so bad at this. Is that helpful for anybody involved? Yeah, 457 00:21:39,600 --> 00:21:40,840 Speaker 2: And you kind of think like I mustn't have the 458 00:21:40,880 --> 00:21:43,479 Speaker 2: brain for this, but I'm sure you do exactly. And 459 00:21:43,880 --> 00:21:47,520 Speaker 2: there's this psychological concept called reframing and I learned a 460 00:21:47,600 --> 00:21:50,320 Speaker 2: lot about it when I was studying, but you can 461 00:21:50,400 --> 00:21:53,280 Speaker 2: google it reframing and like lots of examples about reframing 462 00:21:53,320 --> 00:21:56,160 Speaker 2: to help you. But essentially, instead of saying something like, oh, 463 00:21:56,280 --> 00:21:59,840 Speaker 2: I'm not a maths person or I'm just really bad 464 00:22:00,200 --> 00:22:03,000 Speaker 2: the money, you could say, oh, just experiencing some math 465 00:22:03,040 --> 00:22:05,600 Speaker 2: anxiety is just making me feel a little bit overwhelmed, 466 00:22:05,960 --> 00:22:08,520 Speaker 2: Like that's a much better situation to be. And maybe 467 00:22:08,560 --> 00:22:11,199 Speaker 2: practicing some math skills in a fun I don't know 468 00:22:11,320 --> 00:22:13,920 Speaker 2: if it can be fun. It's fun for me, but 469 00:22:13,960 --> 00:22:17,600 Speaker 2: maybe just like no stress environment is probably better. Like 470 00:22:17,680 --> 00:22:22,080 Speaker 2: have you done saduku or noodle or I that could 471 00:22:22,119 --> 00:22:24,679 Speaker 2: be really fun to get you back into numbers and 472 00:22:24,720 --> 00:22:27,120 Speaker 2: then slowly start to do things. I think that there's 473 00:22:27,160 --> 00:22:30,840 Speaker 2: this misconception that you need to dive right in and 474 00:22:30,880 --> 00:22:33,959 Speaker 2: take every single step. If budgeting or looking at your 475 00:22:33,960 --> 00:22:36,679 Speaker 2: money situation is a bit overwhelming, back do you know 476 00:22:36,720 --> 00:22:39,840 Speaker 2: what my advice is, don't do it? Don't do it. 477 00:22:40,119 --> 00:22:42,399 Speaker 2: How about we just put that to the side. How 478 00:22:42,400 --> 00:22:44,399 Speaker 2: about we start with just looking at your pay slip. 479 00:22:44,680 --> 00:22:46,840 Speaker 2: How much money comes into your bank account each week? 480 00:22:46,920 --> 00:22:49,720 Speaker 2: Did you know that? Do we tell you? No? I 481 00:22:50,040 --> 00:22:53,520 Speaker 2: want to tell me that if you know that number, 482 00:22:53,920 --> 00:22:56,080 Speaker 2: you're in a better position than you were yesterday when 483 00:22:56,119 --> 00:22:58,479 Speaker 2: you didn't know the exact amount. And maybe that's all 484 00:22:58,480 --> 00:23:01,400 Speaker 2: we do today. That's fine. Maybe tomorrow week and talk 485 00:23:01,440 --> 00:23:03,600 Speaker 2: about how much you're spending on your groceries. Do you know? 486 00:23:04,040 --> 00:23:06,320 Speaker 2: Maybe you don't. Maybe we can work that out. Yeah, 487 00:23:06,320 --> 00:23:08,040 Speaker 2: maybe we can have a look at what your groceries 488 00:23:08,080 --> 00:23:09,760 Speaker 2: look like each and every single week and you go, 489 00:23:10,240 --> 00:23:13,160 Speaker 2: cheese vie. I didn't even know it was that much. Oh, beg, 490 00:23:13,200 --> 00:23:15,000 Speaker 2: Is there anything you want to change in that? Yeah? 491 00:23:15,000 --> 00:23:17,280 Speaker 2: I just need to maybe cut back on how many 492 00:23:17,359 --> 00:23:20,080 Speaker 2: cheesecakes I'm buying or something. I do a cheesecake and 493 00:23:20,119 --> 00:23:22,840 Speaker 2: you do. But it's one of those things that I 494 00:23:22,880 --> 00:23:26,040 Speaker 2: think you don't need to go boots and all into this. 495 00:23:26,359 --> 00:23:29,240 Speaker 2: Just take it slowly, because the slower you take it, 496 00:23:29,280 --> 00:23:32,520 Speaker 2: the more it's actually going to absorb. Yep, that's why 497 00:23:32,560 --> 00:23:35,680 Speaker 2: we don't do anything in intensives. At UNI, I got 498 00:23:35,680 --> 00:23:38,479 Speaker 2: offered to do intensive subjects, like you know where they 499 00:23:38,520 --> 00:23:41,040 Speaker 2: like take an entire semester, like twelve weeks of content 500 00:23:41,320 --> 00:23:43,959 Speaker 2: and they like pump it into you in four days. 501 00:23:44,480 --> 00:23:46,160 Speaker 2: So I did that to get rid of like two 502 00:23:46,200 --> 00:23:48,040 Speaker 2: subjects that I really wanted to get rid of. And 503 00:23:48,040 --> 00:23:49,359 Speaker 2: I was like, sweet, I'll just do this over the 504 00:23:49,440 --> 00:23:52,240 Speaker 2: Christmas break. I'll sign up for two intensives. Could not 505 00:23:52,400 --> 00:23:56,040 Speaker 2: tell you what I learned. Couldn't because you know what, 506 00:23:56,160 --> 00:23:58,520 Speaker 2: I crammed all that information so I could do the test. 507 00:23:58,600 --> 00:24:00,920 Speaker 2: At the end of the day, take it off, go home, 508 00:24:01,000 --> 00:24:03,960 Speaker 2: have probably three glasses of wine. Go back the next day, 509 00:24:04,040 --> 00:24:05,879 Speaker 2: do the same thing. All right, you know, do my 510 00:24:05,920 --> 00:24:09,359 Speaker 2: little group project that we did over four days, submit that, 511 00:24:09,880 --> 00:24:12,159 Speaker 2: Breathe a sigh of relief, wait for my result, and 512 00:24:12,200 --> 00:24:14,800 Speaker 2: go oh far out glad that's over. Yeah. What did 513 00:24:14,800 --> 00:24:18,280 Speaker 2: I learn? Literally nothing, because I didn't absorb anything, which 514 00:24:18,320 --> 00:24:20,399 Speaker 2: is why we need to do it in small chunks 515 00:24:20,440 --> 00:24:23,280 Speaker 2: over a long period of time, with things that matter 516 00:24:23,359 --> 00:24:26,119 Speaker 2: to you, not with things that don't matter to you. 517 00:24:26,600 --> 00:24:28,640 Speaker 2: If you're just starting your budgeting journey or just starting 518 00:24:28,680 --> 00:24:30,800 Speaker 2: your money journey. Why are we talking about compound interests? 519 00:24:31,240 --> 00:24:33,919 Speaker 2: Victoria does think as a real sexy But is that 520 00:24:33,960 --> 00:24:36,080 Speaker 2: the best place to start, right? How do we just 521 00:24:36,080 --> 00:24:38,879 Speaker 2: start with the small things? Because the small things are 522 00:24:38,880 --> 00:24:42,000 Speaker 2: the foundation of financial literacy. And if we can create 523 00:24:42,000 --> 00:24:44,679 Speaker 2: a really solid foundation, if you like, you know, wiggle 524 00:24:44,720 --> 00:24:46,800 Speaker 2: at the top or you're like swaying and you're not sure, 525 00:24:46,960 --> 00:24:49,159 Speaker 2: you're not going to fall very far because the foundations 526 00:24:49,160 --> 00:24:51,480 Speaker 2: are really solid. So I think that we just need 527 00:24:51,520 --> 00:24:54,760 Speaker 2: to take small steps and little steps and make sure 528 00:24:54,800 --> 00:24:57,439 Speaker 2: that the system works for you. So like automatic payments 529 00:24:57,480 --> 00:24:59,439 Speaker 2: might work for you for other people, they might not 530 00:24:59,520 --> 00:25:03,040 Speaker 2: work for some people. Having a really good budget spreadsheet 531 00:25:03,080 --> 00:25:04,720 Speaker 2: like the one in our Budget and cash Flow master 532 00:25:04,760 --> 00:25:06,840 Speaker 2: class that I do, makes a lot of sense for 533 00:25:06,920 --> 00:25:09,159 Speaker 2: other people, They're like, I don't want that. I just 534 00:25:09,240 --> 00:25:12,399 Speaker 2: want an app that does everything for me. Educate yourself, 535 00:25:12,400 --> 00:25:14,479 Speaker 2: Listen to Sheese on the Money, Go into our Facebook. 536 00:25:14,520 --> 00:25:16,520 Speaker 2: It's the most supportive place in the entire world. It 537 00:25:16,560 --> 00:25:19,760 Speaker 2: makes my heart seeing every single day ask questions and 538 00:25:19,840 --> 00:25:23,360 Speaker 2: normalize this discussion because to me, it is so important 539 00:25:23,400 --> 00:25:26,560 Speaker 2: to be having money conversations because when I talk about money, 540 00:25:26,920 --> 00:25:29,439 Speaker 2: it puts you and my friends in a better position, 541 00:25:29,480 --> 00:25:32,160 Speaker 2: and then when you talk about money, it kind of spreads. Yep. 542 00:25:32,400 --> 00:25:34,280 Speaker 2: It's like do you remember like the phone Trees when 543 00:25:34,280 --> 00:25:37,240 Speaker 2: you were younger, Phone Tree? Yeah, they had it on 544 00:25:37,359 --> 00:25:39,639 Speaker 2: Legally Blonde, where like I call three people and then 545 00:25:39,680 --> 00:25:41,879 Speaker 2: those three people three people. Like, that's what we're going 546 00:25:41,880 --> 00:25:44,240 Speaker 2: to do with financial literacy. When you do a legally 547 00:25:44,240 --> 00:25:47,200 Speaker 2: Blonde floone tree, let's try it, let's turn out to themselves. 548 00:25:47,320 --> 00:25:48,760 Speaker 2: I think we're done. I think it's a really good 549 00:25:48,760 --> 00:25:50,800 Speaker 2: place to leave it. I think so do. Legally Blond's 550 00:25:50,800 --> 00:25:52,360 Speaker 2: a very good movie. Go and listen to it, Go 551 00:25:52,400 --> 00:25:55,280 Speaker 2: and do it, and watch it. I'm such a podcast 552 00:25:55,280 --> 00:25:57,800 Speaker 2: and you can listen to it if you want too. 553 00:25:58,920 --> 00:26:01,159 Speaker 2: All right, have a good day, Love me on Friday. 554 00:26:01,160 --> 00:26:10,119 Speaker 2: Bye bye. The advice shared on She's on the Money 555 00:26:10,200 --> 00:26:13,959 Speaker 2: is general in nature and does not consider your individual circumstances. 556 00:26:14,320 --> 00:26:17,720 Speaker 2: She's on the Money exists purely for educational purposes and 557 00:26:17,760 --> 00:26:20,200 Speaker 2: should not be relied upon to make an investment or 558 00:26:20,280 --> 00:26:23,880 Speaker 2: financial decision. If you do choose to buy a financial product, 559 00:26:23,960 --> 00:26:27,879 Speaker 2: read the PDS TMD and obtain appropriate financial advice tailored 560 00:26:27,960 --> 00:26:31,439 Speaker 2: towards your needs. Victoria Divine and she's on the money. 561 00:26:31,440 --> 00:26:36,400 Speaker 2: Are authorized representatives of money SHERPA pty Ltd ABN three 562 00:26:36,440 --> 00:26:39,359 Speaker 2: two one is six four nine two seven seven zero 563 00:26:39,480 --> 00:26:45,040 Speaker 2: eight AFSL four five one two eight nine