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Speaker 1: Hello.

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Speaker 2: My name's Satasha Nabananga Bamblet. I'm a proud Order Order

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Speaker 2: Kerni Whoalbury and a waddery woman. And before we get

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Speaker 2: started on She's on the Money podcast, I would like

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Speaker 2: to acknowledge the traditional custodians of the land of which

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Speaker 2: this podcast is recorded on a wondery country, acknowledging the elders,

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Speaker 2: the ancestors and the next generation coming through as this

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Speaker 2: podcast is about connecting, empowering, knowledge sharing and the storytelling

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Speaker 2: of you to make a difference for today and lasting

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Speaker 2: impact for tomorrow. Let's get into it.

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

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

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Speaker 4: Millennials who want Financial Freedom. My name is Becksided, and

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Speaker 4: today we're talking about investing in your future self with

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Speaker 4: Victoria Divide.

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Speaker 1: Oh my gosh, how surprising I'm here. Hets Wednesday.

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Speaker 4: Who knows?

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Speaker 1: Who knows it's going to happen?

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Speaker 4: Actually, honestly, every single episode, who knows what's going to happen?

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Speaker 1: Oh? Well, it does often go off the rails, but

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Speaker 1: that's okay. We try our best and that's all that matters.

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Speaker 4: Exactly. We're human.

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Speaker 1: Beck I want to know how do you feel about

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Speaker 1: investing in yourself.

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Speaker 4: I'm really excited for this topic, but I'm putting like

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Speaker 4: a spin on it. That's like self care, pamper meditation retreat.

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Speaker 4: You're probably thinking finance.

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Speaker 1: I feel like caring about your financial life is one

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Speaker 1: of the biggest forms of self care.

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Speaker 4: Oh yeah, okay, I see where you're coming from.

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Speaker 1: I genuinely think that to care about your financial life

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Speaker 1: is caring about yourself and your future deeply. Like we

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Speaker 1: can get a facial, we can have a spa moment,

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Speaker 1: but like that's fleeting, investing for your future and putting

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Speaker 1: yourself in a position where you're never going to worry

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Speaker 1: about money slay.

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Speaker 4: True, Actually that's longer term.

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Speaker 1: Like I would much prefer to be mentally at peace

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Speaker 1: than to be physically at peace. WHOA, That's where we differ,

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Speaker 1: except I really like massages, so I'm not sure I

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Speaker 1: would give up one or the other. I think that's why,

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Speaker 1: you know, when we talked a little while ago about

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Speaker 1: the fire movement, financial independence, retire early and how people

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Speaker 1: like save like eighty percent of their income or invest

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Speaker 1: eighty percent of their income and then retire really early

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Speaker 1: because they like, forgo all of the nice things in life.

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Speaker 1: That's not what you and I are for No, we

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Speaker 1: are more in the moment girlies. We and enjoy the journey,

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Speaker 1: girly kind of thing.

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Speaker 4: I respect it, but I can't do it.

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Speaker 1: Yeah, like it's nice, it's not for me, and that's fine,

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Speaker 1: completely agree. But let's get back to the topic and

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Speaker 1: talk about investing in your future self. I want to know, huh,

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Speaker 1: do you know where you want to be in ten years?

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Speaker 4: I have not a single clue. I want to maintain

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Speaker 4: my friendship, I want to have a healthy social circle,

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Speaker 4: and I want to be happy. And I want to

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Speaker 4: be in Melbourne. That's all I do.

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Speaker 1: And you want to be in Melbourne. That's very specific.

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Speaker 4: I know the street I want to be on as well, but.

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Speaker 1: I know that street. We're not going to say it, though,

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Speaker 1: because maybe if someone's listening to this in ten years,

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Speaker 1: they'll know where to find you and you're going to

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Speaker 1: be like really famous by then as a convenian or something. Yeah,

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Speaker 1: one hundred percent. Well, you're the funniest person I know.

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Speaker 4: Well, I'm running your coach howls baby.

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Speaker 1: Keeping on say kind of short, so you don't know

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Speaker 1: where you want to be in ten years? I feel

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Speaker 1: like I don't either, and I hate these questions. Do

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Speaker 1: you know what I hate the most? Again? Side note,

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Speaker 1: when people in interviews go back, where do you see

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Speaker 1: yourself in two years? Where do you see yourself in

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Speaker 1: five years? I don't know, Sharon. Where you do see

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Speaker 1: yourself still in this HR role in ten years?

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Speaker 4: Who knows?

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Speaker 1: I don't know. Anyway, I never ask that in interviews

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Speaker 1: because I feel like people just give generic answers and

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Speaker 1: it's not a one on one where we're actually trying

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Speaker 1: to better ourselves. Like in that moment, I'm trying to

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Speaker 1: sell myself, so I'll be like, oh, definitely working for

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Speaker 1: your energy corporation.

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Speaker 4: Totally, and you want to box yourself in mentally.

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Speaker 1: But I get it. I don't know where I want

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Speaker 1: to be in ten years either. In fact, if you

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Speaker 1: told me ten years ago that this is where I

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Speaker 1: would be, I wouldn't have believed you. Are you the same?

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Speaker 4: Yeah? Definitely?

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Speaker 1: You're like, oh, this is brogue. I didn't even know

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Speaker 1: podcasting was a thing ten years ago.

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Speaker 4: Truly, even like one second ago, Like what, I have

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Speaker 4: a recording now?

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Speaker 1: I feel like, oh, thanks for showing up. But I

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Speaker 1: feel like it's really easy to get caught up in

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Speaker 1: the day to day, and before you know it, then

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Speaker 1: a year has passed and you've completely forgotten to zoom

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Speaker 1: out and focus on the bigger picture, and the next minute,

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Speaker 1: two or three years have completely flown by, and you're

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Speaker 1: just in a pattern of responding to events as opposed

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Speaker 1: to shaping your own future. And that doesn't mean you

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Speaker 1: need to know where you're going. It doesn't mean that

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Speaker 1: you know who you want to marry, or even if

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Speaker 1: you want to get married, or it doesn't mean that

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Speaker 1: you know what job you want to do. But I

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Speaker 1: want to talk about investing in your future self today

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Speaker 1: because I feel like this idea of investing in your

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Speaker 1: future self makes us feel like we have to have

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Speaker 1: clarity on where we want to go, when the reality

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Speaker 1: of this is we actually just want to make sure

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Speaker 1: that we've got our finances in order so that when

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Speaker 1: we do decide where we want to go, we can

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Speaker 1: afford it, and that when we do get to that point,

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Speaker 1: we're in a good financial position, or we're in a

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Speaker 1: good position in general to have choice, because so many

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Speaker 1: people don't have the freedom of choice, and a lot

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Speaker 1: of the time, it's actually about good structuring. It's not

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Speaker 1: about having the biggest income. It's not about going well.

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Speaker 1: Beck in ten years time, I better be earning more

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Speaker 1: than double what I earn today. Like, okay, cool. But

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Speaker 1: even if that's your goal, if you invest consistently and

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Speaker 1: we focus on your bad debts and paying those off

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Speaker 1: and focus on having a good mindset, ten years from now,

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Speaker 1: you're going to have so much more freedom than just

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Speaker 1: earning double right, Like it sounds sexy. But even if

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Speaker 1: in ten years you're earning double Beck and you don't,

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Speaker 1: I don't have a good mentality when it comes to

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Speaker 1: saving and investing. That doesn't make you more financially free.

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Speaker 1: That's powerful, and it's hard to swallow because I think

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Speaker 1: so many of us say, we'll do it tomorrow, doesn't matter.

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Speaker 1: I will start investing when I get a pay rise.

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Speaker 1: I'll start, you know, saving once you know I get

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Speaker 1: my bonus or I do my tax return. How many

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Speaker 1: of us are guilty of those things. It's actually about

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Speaker 1: pulling our finger out and going well, actually investing in

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Speaker 1: my future self. Future me deserves that. Yes, like future

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Speaker 1: me deserves a few extra dollars. Future me deserves the

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Speaker 1: clarity of knowing that I'm going to be cared for.

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Speaker 1: And I don't think there's anything sexier. And it's only

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Speaker 1: starting to come to fruition for me now that when

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Speaker 1: I look at my investment portfolio and I'm like, yeah,

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Speaker 1: I did that, Like that's crah, that's for me. It's

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Speaker 1: starting to pay dividends that aren't one cent, Like when

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Speaker 1: it was paying dividends of like one and two cents,

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Speaker 1: I was like, what is this for? Like obviously I

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Speaker 1: fully comprehended it, but it doesn't feel that sexy. Yeah,

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Speaker 1: but now it's starting to pay for future self, I'm like, oh, thanks,

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Speaker 1: pass B, you kind of smart. You did a good.

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Speaker 4: Thing, definitely, And I imagine, like even if you can't

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Speaker 4: physically put money aside right now, even just like getting

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Speaker 4: your mentality right. But no, I am really looking forward

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Speaker 4: to like being motivated, and my whole employment and financial

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Speaker 4: situation basically depend on this. So we have had many

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Speaker 4: twists and turns this year, already talking about myself.

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Speaker 1: Through a redundancy, a brand new job like you've gone

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Speaker 1: to Japan, like you've had You've had a turn, created

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Speaker 1: a whole new baby like I made a whole human.

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Speaker 4: So many things have happened this past year, isn't it wild?

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Speaker 4: So where do we start?

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Speaker 1: I don't know, so I'm glad that you're here to

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Speaker 1: tell us.

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Speaker 4: I am so right down everyone.

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Speaker 1: So we start at the very end, and I think

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Speaker 1: that that is not what you expected to hear. And no,

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Speaker 1: you don't need to know what your career is going

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Speaker 1: to be, like, you don't need to know who you're

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Speaker 1: going to marry. You don't even need to have the

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Speaker 1: answer of whether you want to get married answered here.

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Speaker 1: But we start at the end when it comes to

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Speaker 1: investing for your retirement. And it's I've been talking about

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Speaker 1: retirement a lot recently because this is so bougie. Are

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Speaker 1: you ready? I'm on a working group with a sick

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Speaker 1: to talk about how to get more millennials invested and

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Speaker 1: more millennials engaged with their superannuation, which is really hard,

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Speaker 1: right because like, who wants to talk about super?

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Speaker 4: I really thought you were about to say that you're

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Speaker 4: retiring it right now.

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Speaker 1: I'm not.

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Speaker 4: Well, you will soon, I'm sure, Yeah, you're on your way.

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Speaker 1: I don't think I want to retire, so I've got

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Speaker 1: stuff to do. I've got places to be people to

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Speaker 1: see any like podcasts to make. But I'm on this

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Speaker 1: working group and we've been talking about this concept of

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Speaker 1: language around superannuation and how we don't really care about

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Speaker 1: the idea of retirement because it feels like so far off.

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Speaker 1: And I've been putting forward this concept of changing the

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Speaker 1: language to just talking about creating financial freedom and the

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Speaker 1: idea of talking about, you know, having financial freedom. If

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Speaker 1: I said to you, do you want to retire? You go, oh,

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Speaker 1: one day, I don't care. But if I go, do

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Speaker 1: you want to create more financial security financial freedom, You'll

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Speaker 1: be like, sounds pretty good to be Actually, sounds like

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Speaker 1: something I'm interested in. It doesn't sound so far off

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Speaker 1: in the distance that you shouldn't care about it.

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Speaker 4: Yeah, it seems a little bit more within reach. Yes.

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Speaker 1: So what we're going to do is actually start at

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Speaker 1: the end and we're going to look at what your

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Speaker 1: biggest investment of your entire lifetime is arguably going to be,

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Speaker 1: and that's your superranuation. So it's not a sexy thing

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Speaker 1: to talk about because I think so many times we

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Speaker 1: just go, oh, you're talking about super again. But it's

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Speaker 1: going to be arguably the biggest investment of your entire life,

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Speaker 1: and your superranuation is your money, like you're contributing to

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Speaker 1: it each and every single month. Start caring about your cash, babe,

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Speaker 1: like you've never had so much in savings. I can

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Speaker 1: almost guarantee that. Start caring about where it's invested. The

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Speaker 1: first thing you're going to do is you're going to

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Speaker 1: check and consolidate your supranuation accounts if that is available

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Speaker 1: to you. It is so easy to do that nowadays.

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Speaker 1: You don't even have to know what super fun you're with.

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Speaker 1: You just have to log into my gove and it

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Speaker 1: will tell you what super fun you have open, and

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Speaker 1: you know what, you don't even have to leave that

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Speaker 1: website to consolidate your super It's.

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Speaker 4: One button, pick easy, Easy.

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Speaker 1: It's actually one button, which is scary because that doesn't

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Speaker 1: take into consideration any of your insurances on those super policies.

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Speaker 1: So I need you to check that before you click

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Speaker 1: that button, because if you click that button, there's no

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Speaker 1: going back, And that sounds kind of scary, but I

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Speaker 1: also don't want you to miss that when it comes

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Speaker 1: to insurances. But most of us accumulate multiple super accounts

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Speaker 1: over our lifetime, and I've told you before on the pod,

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Speaker 1: I made a really ugly graphic because I'm not a

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Speaker 1: graphic designer. That's why we hired one. But I made

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Speaker 1: a really ugly graphic a couple of years ago showing

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Speaker 1: how my SUPER accounts. I had more than five accounts

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Speaker 1: that when I consolidated them over the entire time I

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Speaker 1: would have had those Super accounts if I had them

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Speaker 1: to retirement. It saved me seventy thousand dollars in face,

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Speaker 1: whoa seventy grand that's like, that's somebody's whole house deposit.

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Speaker 4: That's like a whole someone super.

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Speaker 1: That's actually so much money. And I calculated that by

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Speaker 1: consolidating my SUPER and not paying fees and not paying

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Speaker 1: insurances across all of those because they were all default,

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Speaker 1: I saved myself seventy grand by doing that.

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Speaker 4: That's incredible.

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Speaker 1: You don't even have to have any cash in your

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Speaker 1: bank account right now to save yourself seventy grand.

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Speaker 4: Like that's a good deal.

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Speaker 1: Yeah, Anyway, I can almost guarantee that you're not contributing

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Speaker 1: as much to Savings as you are to Super, and

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Speaker 1: right now, Beck, you're contributing eleven and a half percent

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Speaker 1: to Super. That's so many dollarus so many. We're going

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Speaker 1: to start caring about that because over your lifetime, by

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Speaker 1: making sure that your super contributions are being made. We

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Speaker 1: don't just trust our employers, Beck, we triple check. We

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Speaker 1: just go in and we log in and we check

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Speaker 1: because it's so hard to recover that if years passed,

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Speaker 1: but it's really easy to nip it in the bud.

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Speaker 1: If you haven't been paid in the last six months,

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Speaker 1: we can triple check. But what we're going to do

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Speaker 1: is make sure that we're in the right fund because

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Speaker 1: making sure that we are in a fund that performs

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Speaker 1: for us is going to mean that we're arguably almost

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Speaker 1: hundreds of thousands of dollars better off in retirement. Right

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Speaker 1: that's free money just by doing your checks right now,

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Speaker 1: Like I love free money. You love free money. Who

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Speaker 1: doesn't love free money? Why aren't we caring about it?

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Speaker 1: Because it might not be free money today, That's why

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Speaker 1: you don't care about it, but it's free money in retirement.

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Speaker 1: True future, you's gonna thank you. We're also going to

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Speaker 1: look into whether you can make extra super contributions.

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Speaker 2: Yeah.

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Speaker 1: Right now, we're in a cost of living crisis. We're

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Speaker 1: in the COZI leaves.

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Speaker 4: Babes, so probably not right.

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Speaker 1: So, like lots of you are gonna roll your eyes

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Speaker 1: and be like, be that's unobtainable. Yeah, but we're going

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Speaker 1: to check and if it makes sense to you and

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Speaker 1: it's something that you want to do, you could potentially

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Speaker 1: do that. It could potentially reduce your taxable income, which

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Speaker 1: might be really sexy. So just check. If you can,

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Speaker 1: you can, If you can't.

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Speaker 4: I get it, you know this already. But if you

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Speaker 4: make like after tax contributions, yeah you can claim it

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Speaker 4: on tax. But I don't really know how to do that.

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Speaker 4: I just know that's a thing.

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Speaker 1: Yeah, I'll help you. If you ever do that, you

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Speaker 1: let me know and I do it for you. The

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Speaker 1: next is we're going to look into government co contributions because,

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Speaker 1: like again, we love free money, and that's a very

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Speaker 1: complex way of saying the government's going to give you

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Speaker 1: free cash. I love taking money from the government. Like,

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Speaker 1: if I'm going to take it from anybody, the government

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Speaker 1: is who I want to borrow it from.

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Speaker 4: Totally borrow in quotation marks right, But for low to

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Speaker 4: middle income earners who make personal after tax contributions to

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Speaker 4: their superannuation.

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Speaker 1: The Australian government offers what they call their co contribution scheme,

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Speaker 1: aka they give you free money for doing something good

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Speaker 1: for your future. Scheme and if you earn less than

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Speaker 1: forty five four hundred dollars in the twenty twenty four

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Speaker 1: to twenty twenty five financial year and are eligible to

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Speaker 1: make a personal after tax contribution, you could receive a

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Speaker 1: maximum of five hundred bucks in addition to your contribution.

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Speaker 4: That's not bad.

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Speaker 1: Five hundred dollar reduce. That's a lot of money. The

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Speaker 1: government is going to contribute fifty cents for every dollar

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Speaker 1: you contribute up to five hundred dollars.

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Speaker 4: How kind.

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Speaker 1: Oh my god, gosh, that's such a good saving strategy.

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Speaker 1: I feel like that's something that my dad might have

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Speaker 1: implemented when I was younger, Like if you save a

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Speaker 1: dollar for every dollar, I'll match it with fifty cents.

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Speaker 1: Like that's motivating. Yeah, right, I mean I save up

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Speaker 1: for something. So I feel like having a look at that,

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Speaker 1: because again, free cash. If you're eligible and you earn

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Speaker 1: between forty five four hundred dollars and sixty thousand and

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Speaker 1: four hundred dollars in the twenty twenty four to twenty

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Speaker 1: twenty five financial year, you might still receive a partial

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Speaker 1: co contribution. However, the more you earn, the less co

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Speaker 1: contribution you'll leave. Because obviously, if you're well off, like,

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Speaker 1: it doesn't make a lot of sense to give you

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Speaker 1: free money, like you just don't need it as much

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Speaker 1: as everybody else. And I feel like that's how the

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Speaker 1: tax system should work in general, but las it does not.

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Speaker 1: And that's a conversation for another day.

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Speaker 4: I know that's really outrageous.

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Speaker 1: I mean, the more you earn, the more you're taxed.

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Speaker 1: But like I feel like there should be less tax

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Speaker 1: at one end and more tax at another end. But again,

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Speaker 1: conversation for another day.

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Speaker 4: And we can't really clarify what end, but it's unspoken.

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Speaker 1: Specs like yeah, tax the poor, tax.

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Speaker 4: All tax the poor. Sure they could get away with.

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Speaker 1: The feel like there's a lot of things that we

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Speaker 1: could learn.

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Speaker 4: Oh yeah, just in case anyone is wondering, we are joking.

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Speaker 1: Now that was a joke.

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Speaker 4: That was a joke. What is next?

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Speaker 1: All right? So next we're going to look at your

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Speaker 1: most precious asset. Do you know what that is?

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Speaker 4: Beck the heart?

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Speaker 1: No, it's you making investments in yourself, investing in personal

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Speaker 1: growth and development. I think is absolutely crucial for enhancing

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Speaker 1: not just your future opportunities, but your overall well being.

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Speaker 1: I've said this time and time again. You can't just

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Speaker 1: expect to be given a pay rise if you are

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Speaker 1: not putting in the time and the energy and the effort. Like,

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Speaker 1: don't get me wrong, there are a lot of people

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Speaker 1: that you would look at and be like fire out.

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Speaker 1: They've had a free ride. But that's luck, and luck

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Speaker 1: doesn't often come into your career, doesn't often come into

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Speaker 1: your earning potential. So is their inability to educate yourself

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Speaker 1: further upskill or you know, create career development opportunities for yourself.

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Speaker 1: If you're furthering your education or deciding to acquire new skills,

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Speaker 1: that can significantly enhance your earning potential, and it can

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Speaker 1: also open up at the door for a whole heap

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Speaker 1: of different career opportunities. Is there something that you could

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Speaker 1: upskill in? It doesn't have to be going back to university,

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Speaker 1: but could you like do an online short course or

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Speaker 1: you know, do some online tutorials to bridge a skill gap,

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Speaker 1: thus increasing your earning capacity. So something I love and

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Speaker 1: like you guys already know this is YouTube. The amount

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Speaker 1: of stuff I've learned on YouTube, Like even when I

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Speaker 1: was in university, the amount of stuff I learned about

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Speaker 1: how to use Excel, like just for free. And now

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Speaker 1: i'd say I'm an EXL wizard, Like I build complex

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Speaker 1: spreadsheets that are bordering on software, which you know, very impressive.

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Speaker 1: It's not impressive when you know how to do it,

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Speaker 1: you'll be sure, oh, this is easy. But the amount

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Speaker 1: of money I could have earned in addition because I

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Speaker 1: had that skill, But also what that does for me.

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Speaker 1: So I remember building a macro, which if you don't

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Speaker 1: know what that is, that's absolutely fine, but it's just

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Speaker 1: a term INXL for a repetitive task, right, right. I

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Speaker 1: basically made myself redundant in one part of my role

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Speaker 1: because it was such a manual process. But I built

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Speaker 1: a macro so it could do it. And then my

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Speaker 1: boss thought I was a genius because you know, I

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Speaker 1: was so good and so quick at this, and they

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Speaker 1: were often saying like, oh my god, and she's always right.

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Speaker 1: Do you know why I was always right? Because I

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Speaker 1: took out the human error. Oh, like this computer software

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Speaker 1: was doing it perfectly every time, whereas historically when I

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Speaker 1: was doing it manually, I'd sometimes like cut and paste

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Speaker 1: the numbers incorrectly. Sure, I guaranteed that wouldn't happen, And

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Speaker 1: I also saved myself a heap more time, thus creating

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Speaker 1: more opportunities for career development. So I feel like so

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Speaker 1: many of us think that career development is actually just

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Speaker 1: us having to go back to UNI or getting a

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Speaker 1: whole last new degree. Yeah, to put our in a

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Speaker 1: better position. But is there something you can just learn

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Speaker 1: on YouTube that would help you? Like, if you are

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Speaker 1: in podcasting like us, can you learn about a new software?

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Speaker 1: Can you learn about how to become quicker at editing?

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Speaker 1: Can you learn about, you know, different ways to do

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Speaker 1: something that you're already doing in a more efficient manner.

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Speaker 1: If you're not sure, can you ask your boss? You know,

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Speaker 1: what would be helpful? What would mean that I am upskilling?

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Speaker 1: What would get me to the next step in my career?

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Speaker 1: Ask these questions? And I mean, we've done a heap

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Speaker 1: of episodes about furthering your career, so go have a

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Speaker 1: look at those. But when it comes to further in

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Speaker 1: your career, sometimes just putting your hand up and saying

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Speaker 1: that you're interested in it can be a sign that

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Speaker 1: you are interested in it. And you're going to be

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Speaker 1: more considered than the next person. True, So have these conversations.

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Speaker 1: Another free resource I adore is Courserah. You say, Sarah,

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Speaker 1: course Sarah about this?

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Speaker 4: I've never heard of Coursera. She sounds beautiful.

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Speaker 1: I will send you a link. Our podcast producer is

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Speaker 1: passing becka pen right now.

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Speaker 4: Courserah, cour Sarah. How do I spell that? Please?

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Speaker 1: Ce O, you are s eer a.

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Speaker 4: Thank you so much. That's great.

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Speaker 1: Do you know what it is? You're writing a town searing?

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Speaker 4: Ah? I know what that is? No, go ahead.

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Speaker 1: University's online put units on Coursera for you to do

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Speaker 1: for free. So it's like a university course, but it

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Speaker 1: is for free, and you could do literally any unit

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Speaker 1: from thousands of universities across the world. You could go

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Speaker 1: to Harvard for a unit. You could go to Yale

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Speaker 1: free unit. You could do all of these fancy things.

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Speaker 1: I have used them a couple of times to upskill

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Speaker 1: in a finance capacity. So when I was like, oh,

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Speaker 1: far out, I'd love to know a bit more about

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Speaker 1: you know this, this or this, I did a mini

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Speaker 1: course in it or a mini unit in it, and

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Speaker 1: the only time I had to pay was if I

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Speaker 1: wanted the certificate. At the end, I didn't want the certificate, okay,

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Speaker 1: and so I didn't pay for it.

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Speaker 4: Was it like the same price as like a whole way, No.

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Speaker 1: It was like two hundred dollars, So it was like

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Speaker 1: a lot of money for a certificate. But if you

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Speaker 1: really want the certificate and you want to add it

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Speaker 1: to like you know, you'll linked in or something, sure,

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Speaker 1: you can definitely download it and add it. But I

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Speaker 1: just did it and I enjoyed it, and it was

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Speaker 1: really really integrated. It was literally like a university course

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Speaker 1: online like it was for twelve weeks. You turn up

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Speaker 1: to class, you have assignments, you do all of these things,

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Speaker 1: and you come out with a new skill and it

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Speaker 1: was free. Isn't that cool?

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Speaker 4: So cool.

435
00:20:25,200 --> 00:20:27,840
Speaker 1: There's a few options online, but Courserah is the one

436
00:20:27,840 --> 00:20:30,240
Speaker 1: that I used, and I think that upskilling yourself. I

437
00:20:30,240 --> 00:20:33,479
Speaker 1: think that's really sexy. Yeah, there's something motivating about it

438
00:20:33,520 --> 00:20:36,160
Speaker 1: as well. Absolutely. The other thing on the flip side

439
00:20:36,320 --> 00:20:38,040
Speaker 1: is making sure that you're doing the best thing for

440
00:20:38,080 --> 00:20:40,000
Speaker 1: your health and well being. I feel like you're really

441
00:20:40,040 --> 00:20:42,679
Speaker 1: good at this beck You're like frowning as though you're not,

442
00:20:42,800 --> 00:20:45,040
Speaker 1: but you are thank you. So really good at putting

443
00:20:45,040 --> 00:20:48,440
Speaker 1: yourself first. And I'm not here to guild anybody into

444
00:20:48,480 --> 00:20:50,480
Speaker 1: signing up for the gym. I mean, Beck is already

445
00:20:50,480 --> 00:20:52,040
Speaker 1: a little gym rat. Do you know what she came

446
00:20:52,080 --> 00:20:53,400
Speaker 1: in with? Beck? What's in that mug?

447
00:20:54,119 --> 00:20:55,879
Speaker 4: My protein mug cake?

448
00:20:56,160 --> 00:20:59,680
Speaker 1: Yeah, sexy, it looks rank. I'm sure it tasted good.

449
00:21:00,080 --> 00:21:02,840
Speaker 4: It tastes a bit rig too, but it's actually to

450
00:21:03,000 --> 00:21:04,840
Speaker 4: invest in my future self.

451
00:21:05,040 --> 00:21:08,560
Speaker 1: I like that, but it's so important to support your

452
00:21:08,600 --> 00:21:10,879
Speaker 1: own well being. There's no chance you could get me

453
00:21:10,960 --> 00:21:13,359
Speaker 1: to try that mugcake. And I'm not going to the gym.

454
00:21:13,680 --> 00:21:16,600
Speaker 1: But it's about knowing ourselves and whether we're willing to

455
00:21:16,680 --> 00:21:18,879
Speaker 1: take time out for a walk, but making sure that

456
00:21:18,920 --> 00:21:22,360
Speaker 1: we're getting away from our screens and continuing to connect

457
00:21:22,359 --> 00:21:25,280
Speaker 1: with friends and focus on our mindfulness. I know that

458
00:21:25,280 --> 00:21:29,119
Speaker 1: that sounds really flippant, but it actually has a massive impact.

459
00:21:29,840 --> 00:21:32,159
Speaker 1: The next thing I want to talk about is health insurance.

460
00:21:32,440 --> 00:21:35,600
Speaker 1: So we are so lucky to have a very sexy

461
00:21:36,000 --> 00:21:39,480
Speaker 1: medicare system in Australia, Like we are so looked after,

462
00:21:40,200 --> 00:21:43,360
Speaker 1: but you can't really put a price on health, and

463
00:21:43,600 --> 00:21:46,080
Speaker 1: like I say, the best kind of insurance is one

464
00:21:46,240 --> 00:21:47,840
Speaker 1: you never need, so I do want it to be

465
00:21:47,880 --> 00:21:49,720
Speaker 1: a bit of a waste of money. I do understand

466
00:21:49,720 --> 00:21:51,840
Speaker 1: at this point in time, lots of us are relooking

467
00:21:52,000 --> 00:21:54,479
Speaker 1: at our health insurance and going is it worth it?

468
00:21:54,560 --> 00:21:56,600
Speaker 1: I don't think it is. Let's get rid of it.

469
00:21:56,840 --> 00:21:59,719
Speaker 1: But if you don't have health insurance and you are

470
00:21:59,800 --> 00:22:02,439
Speaker 1: using seeing lots of additional services, like you're going and

471
00:22:02,480 --> 00:22:05,240
Speaker 1: getting lots of remedial massages, or you're going and seeing

472
00:22:05,280 --> 00:22:08,639
Speaker 1: the physio because it is best for you, please have

473
00:22:08,680 --> 00:22:10,800
Speaker 1: a look because you could be getting some money back

474
00:22:10,800 --> 00:22:13,440
Speaker 1: and it could actually put you in a better financial position,

475
00:22:13,600 --> 00:22:15,880
Speaker 1: like so many times. And I know, Beck, you're one

476
00:22:15,880 --> 00:22:17,840
Speaker 1: of these people that you're like, I don't need private

477
00:22:17,880 --> 00:22:20,200
Speaker 1: health insurance, and I'm like, I get it. You've told

478
00:22:20,240 --> 00:22:22,160
Speaker 1: me your reasons and it makes sense. But if you'd

479
00:22:22,240 --> 00:22:24,280
Speaker 1: started to go to the physio or heat because you're

480
00:22:24,320 --> 00:22:26,120
Speaker 1: going to the gym a lot, I'd be like, they

481
00:22:26,280 --> 00:22:27,880
Speaker 1: have a look at it because it could actually put

482
00:22:27,880 --> 00:22:31,240
Speaker 1: you in a better financial position. And that makes sense. Yeah,

483
00:22:31,280 --> 00:22:33,720
Speaker 1: you're not there yet though, so it makes much sense

484
00:22:33,760 --> 00:22:36,399
Speaker 1: for you. The next thing I wanted to talk about

485
00:22:36,520 --> 00:22:40,880
Speaker 1: is really prioritizing your physical and mental health today, because

486
00:22:41,560 --> 00:22:43,919
Speaker 1: if you can't get on top of it, it's going

487
00:22:44,000 --> 00:22:46,520
Speaker 1: to build up and cost you a lot in the future.

488
00:22:46,920 --> 00:22:49,800
Speaker 1: This is some words of wisdom from my dad. He

489
00:22:50,160 --> 00:22:53,000
Speaker 1: liken stress because I was having a pretty stressful period

490
00:22:53,080 --> 00:22:56,320
Speaker 1: earlier this year and I was saying, it's so stressful,

491
00:22:56,320 --> 00:22:58,560
Speaker 1: but that's okay, like, you know, I'll get through this,

492
00:22:58,640 --> 00:23:00,600
Speaker 1: I'll do this. And he said to me, Victoria, you

493
00:23:00,640 --> 00:23:03,800
Speaker 1: need to be really careful of stress, because stress is

494
00:23:03,840 --> 00:23:07,800
Speaker 1: like beastings. You can have a beasting you once and

495
00:23:07,840 --> 00:23:10,200
Speaker 1: it's fine. You could even have a beasting you twice

496
00:23:10,720 --> 00:23:13,760
Speaker 1: and it's fine. But every single time a beastings you,

497
00:23:13,840 --> 00:23:16,280
Speaker 1: it gets harder to get over and at some point

498
00:23:16,320 --> 00:23:19,919
Speaker 1: you have an anaphylactic reaction and it's something that you

499
00:23:20,040 --> 00:23:22,840
Speaker 1: need to go to hospital for. And stress can be

500
00:23:23,000 --> 00:23:26,400
Speaker 1: like that. It kind of compounds over time. It's like investing.

501
00:23:26,720 --> 00:23:29,240
Speaker 1: You kind of just start to see it tick away

502
00:23:29,240 --> 00:23:30,680
Speaker 1: and it doesn't make sense, and it might be a

503
00:23:30,720 --> 00:23:33,160
Speaker 1: little bit more stressful than it was before, but over

504
00:23:33,200 --> 00:23:36,240
Speaker 1: the long period of time, it has a significant impact

505
00:23:36,280 --> 00:23:39,000
Speaker 1: on your mental and your physical health. So if something

506
00:23:39,040 --> 00:23:41,440
Speaker 1: is stressing you out, getting on it now is going

507
00:23:41,480 --> 00:23:45,439
Speaker 1: to save future you from essentially burnout and putting yourself

508
00:23:45,440 --> 00:23:47,359
Speaker 1: in the worst possible position. And I think that that

509
00:23:47,560 --> 00:23:49,960
Speaker 1: is honestly some pretty good dad advice.

510
00:23:50,200 --> 00:23:53,280
Speaker 4: Oh yeah, yeah, yeah. Stress is very bad for the health.

511
00:23:53,400 --> 00:23:56,119
Speaker 4: It is, but like long term, long term stress. But

512
00:23:56,160 --> 00:23:58,239
Speaker 4: I understand this obviously does not apply to people who

513
00:23:58,280 --> 00:24:01,960
Speaker 4: have clinical mental health illnesses. Is more just for people

514
00:24:01,960 --> 00:24:04,080
Speaker 4: who are stressed in their day to day lives and

515
00:24:04,160 --> 00:24:06,920
Speaker 4: can maybe get on the top of that. Meditation. Try meditation,

516
00:24:07,359 --> 00:24:08,120
Speaker 4: love meditation.

517
00:24:08,760 --> 00:24:11,680
Speaker 1: If you're going through a serious mental health issue and

518
00:24:11,760 --> 00:24:15,400
Speaker 1: someone mentions meditation to you, like, you've got my permission

519
00:24:15,440 --> 00:24:16,720
Speaker 1: to just knock around.

520
00:24:16,480 --> 00:24:17,560
Speaker 4: A little bit totally.

521
00:24:18,160 --> 00:24:21,280
Speaker 1: Have you tried meditation back? I got one of them.

522
00:24:21,800 --> 00:24:22,320
Speaker 4: Fortunately.

523
00:24:22,600 --> 00:24:24,879
Speaker 1: No, But you're not saying it once you've heard that

524
00:24:24,920 --> 00:24:29,040
Speaker 1: they've been diagnosed with something. Oh yeah, so seeing my

525
00:24:29,160 --> 00:24:31,199
Speaker 1: cych and I got diagnosed with X, Y and Z,

526
00:24:31,200 --> 00:24:34,119
Speaker 1: and you'll be like, oh my gosh, that's so bad.

527
00:24:34,200 --> 00:24:36,040
Speaker 1: Have you tried meditation.

528
00:24:35,960 --> 00:24:38,680
Speaker 4: Over a wall just get outside the sun?

529
00:24:39,160 --> 00:24:39,760
Speaker 1: Oh my gosh.

530
00:24:39,880 --> 00:24:40,280
Speaker 4: I never.

531
00:24:40,560 --> 00:24:43,600
Speaker 1: I would never either, But like, these people deserve a

532
00:24:43,600 --> 00:24:44,760
Speaker 1: little bit of a smacky smack.

533
00:24:44,880 --> 00:24:47,600
Speaker 4: Oh absolutely, I think let's go for a really quick break.

534
00:24:47,720 --> 00:24:49,879
Speaker 4: Let's keep venting about those people, and I'm going to

535
00:24:49,960 --> 00:24:50,880
Speaker 4: make you try my mud cake.

536
00:24:50,920 --> 00:24:52,280
Speaker 1: Okay, don't go anywhere, guys.

537
00:24:56,400 --> 00:24:58,760
Speaker 4: Welcome back everyone. We are talking about investing in your

538
00:24:58,800 --> 00:25:04,159
Speaker 4: future self. See what is next? Financial planning, Ah, the

539
00:25:04,200 --> 00:25:04,800
Speaker 4: good stuff.

540
00:25:04,840 --> 00:25:07,000
Speaker 1: I think this is really important to touch on because

541
00:25:07,000 --> 00:25:10,000
Speaker 1: I think so many people think that financial planning is

542
00:25:10,040 --> 00:25:12,480
Speaker 1: for the rich, and it is not. It is for

543
00:25:12,600 --> 00:25:15,800
Speaker 1: everybody so that they get ahead. You could be someone

544
00:25:15,800 --> 00:25:19,840
Speaker 1: who has a solid financial plan and you are currently jobless.

545
00:25:20,240 --> 00:25:22,840
Speaker 1: You could be someone who has a solid financial plan

546
00:25:22,920 --> 00:25:25,440
Speaker 1: and earned five hundred grand a year. You could also

547
00:25:25,480 --> 00:25:27,640
Speaker 1: be someone who has five hundred grand a year coming

548
00:25:27,680 --> 00:25:29,960
Speaker 1: in and have absolutely no financial plan and you're backing

549
00:25:29,960 --> 00:25:32,040
Speaker 1: yourself into a corner so that when you retire you

550
00:25:32,080 --> 00:25:35,280
Speaker 1: have zero dollars. I think there is this misconception that

551
00:25:35,359 --> 00:25:38,760
Speaker 1: high income equals high output, and that's not the case.

552
00:25:39,119 --> 00:25:41,320
Speaker 1: The amount of people when I was working as a

553
00:25:41,359 --> 00:25:44,600
Speaker 1: financial advisor that I saw free to or away more

554
00:25:44,640 --> 00:25:47,719
Speaker 1: money than I had even been able to fathom at

555
00:25:47,720 --> 00:25:50,840
Speaker 1: that point in my life is mind blowing. Like the

556
00:25:50,880 --> 00:25:53,639
Speaker 1: amount of people I met that literally had four hundred

557
00:25:53,720 --> 00:25:57,280
Speaker 1: thousand dollars incomes and worse. Naughting it up their noses

558
00:25:58,320 --> 00:26:01,080
Speaker 1: is wild, right right, Like, I kid you not, And

559
00:26:01,119 --> 00:26:03,480
Speaker 1: I'm not saying that that's always the issue, but it

560
00:26:03,600 --> 00:26:07,200
Speaker 1: is so easy to experience lifestyle creep at any income level,

561
00:26:07,240 --> 00:26:09,960
Speaker 1: and I think that it is naive of us to

562
00:26:10,040 --> 00:26:12,080
Speaker 1: assume that we'll be better at it when we have

563
00:26:12,160 --> 00:26:15,040
Speaker 1: more income. Like I know that you might be in

564
00:26:15,119 --> 00:26:18,880
Speaker 1: the middle of a really shitty personal debt bubble and

565
00:26:19,000 --> 00:26:21,440
Speaker 1: you might not feel like you're getting ahead, but having

566
00:26:21,480 --> 00:26:23,960
Speaker 1: a good idea of what's coming into your account, what's

567
00:26:23,960 --> 00:26:26,120
Speaker 1: going out of your account, and what your expenses are

568
00:26:26,240 --> 00:26:28,280
Speaker 1: is going to put you in the control seat. It's

569
00:26:28,280 --> 00:26:30,800
Speaker 1: going to put you in the best possible position to

570
00:26:30,920 --> 00:26:33,920
Speaker 1: be successful long term. So the first thing we're going

571
00:26:33,960 --> 00:26:38,080
Speaker 1: to do beck irrespective of whether you have debt or not,

572
00:26:38,600 --> 00:26:41,359
Speaker 1: is established an emergency fund. You and I have talked

573
00:26:41,359 --> 00:26:44,879
Speaker 1: about this before. I think that every single person should

574
00:26:44,920 --> 00:26:47,159
Speaker 1: have access to an emergency fund, even when they're in

575
00:26:47,240 --> 00:26:50,600
Speaker 1: significant personal debt. And the reason I believe that is

576
00:26:50,640 --> 00:26:54,320
Speaker 1: because if an emergency arises, you don't have to go

577
00:26:54,400 --> 00:26:57,359
Speaker 1: further into debt to cover that, even if you've paid

578
00:26:57,359 --> 00:27:00,639
Speaker 1: off a significant amount of your debt having money to

579
00:27:00,720 --> 00:27:03,040
Speaker 1: the side, even if it's a couple of one hundred

580
00:27:03,119 --> 00:27:07,000
Speaker 1: dollars and you paid your speeding fine in cash and

581
00:27:07,080 --> 00:27:10,480
Speaker 1: didn't go further into debt, it reinforces that you are

582
00:27:10,480 --> 00:27:12,560
Speaker 1: on the right track and you are doing the right thing.

583
00:27:12,920 --> 00:27:17,080
Speaker 1: There is nothing worse than being in debt. Something popping

584
00:27:17,160 --> 00:27:20,160
Speaker 1: up and you're going, it was really trying to pay

585
00:27:20,160 --> 00:27:23,160
Speaker 1: off my zip pay, I'm gonna have to go further

586
00:27:23,200 --> 00:27:26,160
Speaker 1: into zip pay debt and you've just been working so hard.

587
00:27:26,200 --> 00:27:28,440
Speaker 1: It feels like you're taking a step back. I mean,

588
00:27:28,440 --> 00:27:30,560
Speaker 1: there's not one thing that is gratifying about getting a

589
00:27:30,560 --> 00:27:33,720
Speaker 1: speeding fine, right, Like, no one likes that. But Beck,

590
00:27:33,760 --> 00:27:35,840
Speaker 1: if you got that and then you had the cash

591
00:27:35,880 --> 00:27:39,120
Speaker 1: for that, you're going to go I'm different, I'm changing.

592
00:27:39,200 --> 00:27:40,760
Speaker 1: I'm not who I used to be when it comes

593
00:27:40,800 --> 00:27:42,520
Speaker 1: to money. And yeah, I've still got debt, but I

594
00:27:42,560 --> 00:27:44,520
Speaker 1: am on the right track. I'm on the right path.

595
00:27:44,560 --> 00:27:47,000
Speaker 1: I am doing the right thing for future me. Yes, Like,

596
00:27:47,119 --> 00:27:50,400
Speaker 1: it feels so liberating to have some cash to pay

597
00:27:50,440 --> 00:27:52,840
Speaker 1: for something that you didn't expect to have to pay for.

598
00:27:53,000 --> 00:27:53,639
Speaker 4: It really does.

599
00:27:53,960 --> 00:27:57,240
Speaker 1: It's so nice, So that for me is really important.

600
00:27:57,400 --> 00:28:00,359
Speaker 1: If you do have an emergency fund. Please make sure

601
00:28:00,359 --> 00:28:02,959
Speaker 1: it is in a high interest savings account and working

602
00:28:03,000 --> 00:28:05,919
Speaker 1: as hard as you do for it. Don't just let

603
00:28:06,000 --> 00:28:08,160
Speaker 1: it sit over there and not have a job. He'll

604
00:28:08,160 --> 00:28:11,080
Speaker 1: give your money a job. The next is I want

605
00:28:11,080 --> 00:28:13,640
Speaker 1: you to look at investing and if you are already

606
00:28:13,760 --> 00:28:18,160
Speaker 1: making sure that your investments are well diversified, so can

607
00:28:18,200 --> 00:28:21,080
Speaker 1: you start investing this year? It's not a bad thing

608
00:28:21,119 --> 00:28:23,240
Speaker 1: to say no, beck I know you can. I know

609
00:28:23,280 --> 00:28:25,640
Speaker 1: where you're at. You've got a bougie new job, You've

610
00:28:25,680 --> 00:28:28,320
Speaker 1: been talking about investing for the last twelve months, and

611
00:28:28,359 --> 00:28:32,719
Speaker 1: you've done approximately zero things to step towards investing. And

612
00:28:32,720 --> 00:28:34,919
Speaker 1: that's okay, And to be honest, lots of us are

613
00:28:34,960 --> 00:28:37,119
Speaker 1: in that position. How many of us, bin, She's on

614
00:28:37,160 --> 00:28:39,840
Speaker 1: the money content, You're like, next episode, I reckon, I'm

615
00:28:39,840 --> 00:28:42,000
Speaker 1: going to get the motivation and I'm going to start investing.

616
00:28:42,480 --> 00:28:44,080
Speaker 1: And then you finish it and you're like, not yet,

617
00:28:44,080 --> 00:28:47,920
Speaker 1: though yet, not yet. That's totally okay, so normal, But

618
00:28:48,200 --> 00:28:51,120
Speaker 1: that's what is called analysis paralysis. And sometimes we have

619
00:28:51,160 --> 00:28:54,440
Speaker 1: to pull our finger out and agree that maybe we

620
00:28:54,600 --> 00:28:56,840
Speaker 1: learn the most on the job, So maybe you'll learn

621
00:28:56,880 --> 00:28:59,640
Speaker 1: the most about investing once you've just started. Yeah, so

622
00:29:00,080 --> 00:29:02,520
Speaker 1: can you invest this year? If not, that's so fine.

623
00:29:02,600 --> 00:29:05,440
Speaker 1: But if it's within your budget to even invest a

624
00:29:05,440 --> 00:29:08,640
Speaker 1: couple of dollars a month, download a micro investing platform.

625
00:29:08,840 --> 00:29:11,040
Speaker 1: Dip your toes in the water, see how it goes.

626
00:29:11,320 --> 00:29:14,280
Speaker 1: There are so many platforms now where you can invest literally,

627
00:29:14,400 --> 00:29:17,040
Speaker 1: beck with as little as one cent. So dipping your

628
00:29:17,080 --> 00:29:18,840
Speaker 1: toes in the water, you can just see what it's like.

629
00:29:19,040 --> 00:29:20,800
Speaker 1: You can download the up you see how it goes

630
00:29:20,880 --> 00:29:23,320
Speaker 1: up and down. You can get ten bucks for free,

631
00:29:23,600 --> 00:29:25,680
Speaker 1: like we've got our shares this coach. You can play

632
00:29:25,720 --> 00:29:27,280
Speaker 1: with our money instead of your true.

633
00:29:27,160 --> 00:29:28,800
Speaker 4: Actually, I'm running this down because I am going to

634
00:29:28,840 --> 00:29:30,800
Speaker 4: do this literally and how I say this all the time,

635
00:29:30,840 --> 00:29:32,160
Speaker 4: but I am going to do this as soon as

636
00:29:32,200 --> 00:29:34,320
Speaker 4: we get off this Okay, I will not bully you

637
00:29:34,360 --> 00:29:37,320
Speaker 4: into doing that when we get off. Yeah, I like it.

638
00:29:37,400 --> 00:29:40,800
Speaker 1: But in addition to investing, if you have got a

639
00:29:40,960 --> 00:29:44,000
Speaker 1: very serious investment portfolio. When I say very serious, I

640
00:29:44,040 --> 00:29:46,960
Speaker 1: mean you're just consistently contributing to it. It doesn't mean

641
00:29:47,000 --> 00:29:49,320
Speaker 1: it's you know, millions of dollars. It could be five

642
00:29:49,400 --> 00:29:51,520
Speaker 1: hundred dollars. But you need to just make sure that

643
00:29:51,520 --> 00:29:54,200
Speaker 1: we're thinking about diversifying so that you know, even if

644
00:29:54,240 --> 00:29:56,600
Speaker 1: your portfolio is a total of you know, three or

645
00:29:56,640 --> 00:29:59,640
Speaker 1: four hundred dollars, what next steps are you going to make?

646
00:29:59,760 --> 00:30:01,960
Speaker 1: So but not all of your eggs are in one basket.

647
00:30:02,280 --> 00:30:04,520
Speaker 1: So if you've been investing in one direct share, Beck,

648
00:30:05,040 --> 00:30:09,160
Speaker 1: how are we going to get another area into our portfolio?

649
00:30:09,280 --> 00:30:11,440
Speaker 1: So you might have been investing in property shares. How

650
00:30:11,440 --> 00:30:14,560
Speaker 1: do we get you know, electricity or power or you know,

651
00:30:15,000 --> 00:30:18,160
Speaker 1: something else into there so that if that industry or

652
00:30:18,200 --> 00:30:21,240
Speaker 1: banking isn't doing so well, we know that our investments

653
00:30:21,240 --> 00:30:24,960
Speaker 1: in another area are. If you're already investing in an ETF, Beck,

654
00:30:25,280 --> 00:30:27,400
Speaker 1: what is that ETF? Can we have a think about it?

655
00:30:27,480 --> 00:30:31,040
Speaker 1: Is it an Australian ETF or is it an international ETF?

656
00:30:31,600 --> 00:30:33,680
Speaker 1: Maybe you're thinking, oh my gosh, I finally you know,

657
00:30:33,720 --> 00:30:36,040
Speaker 1: cracked one thousand dollars in my investment portfolio and I

658
00:30:36,080 --> 00:30:37,720
Speaker 1: really want to, you know, think about what my next

659
00:30:37,720 --> 00:30:39,800
Speaker 1: movie is because this is starting to compound and it's

660
00:30:39,840 --> 00:30:44,120
Speaker 1: really exciting. If you already have an Australian ETF, maybe

661
00:30:44,160 --> 00:30:46,320
Speaker 1: have a think about whether you want to include an

662
00:30:46,320 --> 00:30:50,240
Speaker 1: international ETF or if you have an international ETF think

663
00:30:50,240 --> 00:30:52,880
Speaker 1: about an Australian one. And the reason we do that

664
00:30:53,080 --> 00:30:56,520
Speaker 1: is because when the Australian market isn't performing that well,

665
00:30:56,640 --> 00:31:01,200
Speaker 1: often international markets are. And when international market are, you know,

666
00:31:01,400 --> 00:31:04,440
Speaker 1: not being so good, often Australia we live in a

667
00:31:04,440 --> 00:31:07,040
Speaker 1: bit of a bubble. We're a smaller economy. We're doing

668
00:31:07,080 --> 00:31:11,480
Speaker 1: pretty well. So that will even further diversify your investment portfolio.

669
00:31:11,560 --> 00:31:13,120
Speaker 1: Hedge hedge in your bets.

670
00:31:13,600 --> 00:31:15,400
Speaker 4: Who are you proud of me?

671
00:31:15,520 --> 00:31:18,640
Speaker 1: I am so always proud of you, but like very

672
00:31:18,720 --> 00:31:21,920
Speaker 1: especially proud of you when you use investing terminology. I

673
00:31:22,080 --> 00:31:24,440
Speaker 1: love it, but we have so many episodes on the

674
00:31:24,480 --> 00:31:27,040
Speaker 1: incent Of course, your investment strategy needs to align with

675
00:31:27,080 --> 00:31:30,000
Speaker 1: your individual risk tolerance and your investment horizon and all

676
00:31:30,080 --> 00:31:33,280
Speaker 1: your financial goals and all of that stuff. But have

677
00:31:33,400 --> 00:31:36,840
Speaker 1: a think about, how do I make sure that not

678
00:31:36,920 --> 00:31:38,840
Speaker 1: all my eggs are in one basket? What does that

679
00:31:38,880 --> 00:31:39,320
Speaker 1: look like?

680
00:31:39,520 --> 00:31:39,800
Speaker 2: Sure?

681
00:31:40,120 --> 00:31:42,600
Speaker 1: The next is do you have the right kind of insurances?

682
00:31:42,880 --> 00:31:45,920
Speaker 1: So we're not talking private health here, private health take

683
00:31:45,960 --> 00:31:48,120
Speaker 1: it or leave it. It's completely up to you. I

684
00:31:48,200 --> 00:31:50,200
Speaker 1: need you to make sure that that's the right decision

685
00:31:50,240 --> 00:31:52,880
Speaker 1: for you. So let's get educated. Let's listen to an

686
00:31:52,960 --> 00:31:55,520
Speaker 1: episode on health insurance and whether it is for us,

687
00:31:55,560 --> 00:31:57,760
Speaker 1: and make a decision that works for you and your family.

688
00:31:58,160 --> 00:32:01,320
Speaker 1: But inside your supranuation, and it's very likely that you

689
00:32:01,360 --> 00:32:04,200
Speaker 1: have life insurance, it's very likely that you might have

690
00:32:04,280 --> 00:32:07,560
Speaker 1: some type of TPD, which is total and permanent disability.

691
00:32:08,080 --> 00:32:11,360
Speaker 1: If you hold insurance as outside of superannuation, you might

692
00:32:11,400 --> 00:32:14,360
Speaker 1: have income protection, or you might have a trauma policy.

693
00:32:14,800 --> 00:32:17,720
Speaker 1: If you don't know what any of those are, that

694
00:32:18,000 --> 00:32:21,440
Speaker 1: is an instigator for you to check check your super

695
00:32:21,560 --> 00:32:24,200
Speaker 1: Do you have default insurance? If you don't, do you

696
00:32:24,280 --> 00:32:28,080
Speaker 1: need it? It's very different what your insurance needs look like.

697
00:32:28,160 --> 00:32:28,360
Speaker 2: Beck.

698
00:32:28,440 --> 00:32:31,200
Speaker 1: If you're like twenty one and live at home, how

699
00:32:31,240 --> 00:32:33,680
Speaker 1: much insurance do you actually need? Or twenty one, you

700
00:32:33,720 --> 00:32:36,280
Speaker 1: live at home, you don't have any dependence. You also

701
00:32:36,400 --> 00:32:39,080
Speaker 1: don't have any debt. If something happened to you yesterday.

702
00:32:39,080 --> 00:32:43,120
Speaker 1: Because we never wish anything on the future, there's not

703
00:32:43,240 --> 00:32:46,120
Speaker 1: a lot of financial stuff for the people that you

704
00:32:46,280 --> 00:32:50,480
Speaker 1: love to organize for you. Let's be honest. However, let's

705
00:32:50,480 --> 00:32:52,760
Speaker 1: look at my situation. I am married, I have a

706
00:32:52,800 --> 00:32:55,840
Speaker 1: new baby, I have a mortgage. If something happened to

707
00:32:55,880 --> 00:33:01,160
Speaker 1: me yesterday, my partner is screwed. Without insurance that contributes

708
00:33:01,160 --> 00:33:03,560
Speaker 1: to that mortgage, I have an income that is contributing

709
00:33:03,600 --> 00:33:07,640
Speaker 1: to my son's life and his education and literally everything

710
00:33:07,680 --> 00:33:10,080
Speaker 1: to provide for him until he reaches the age of eighteen.

711
00:33:10,400 --> 00:33:15,040
Speaker 1: Without insurance, my family is significantly worse off. So I

712
00:33:15,120 --> 00:33:16,760
Speaker 1: need to make sure that I have it. So is

713
00:33:16,840 --> 00:33:20,120
Speaker 1: insurance for everybody? No, but it could definitely be for you.

714
00:33:20,320 --> 00:33:22,880
Speaker 1: And if you haven't reviewed it, you definitely need to.

715
00:33:23,440 --> 00:33:25,080
Speaker 1: And the next one, are you ready?

716
00:33:25,240 --> 00:33:25,720
Speaker 4: I'm ready.

717
00:33:25,760 --> 00:33:29,880
Speaker 1: It's not very sexy, right, it will very morbid, isn't it.

718
00:33:29,880 --> 00:33:32,440
Speaker 1: It's a bit morbid, and it's definitely gone a bit morbid.

719
00:33:32,440 --> 00:33:35,320
Speaker 1: But like my favorite podcast is called morbid, so like

720
00:33:35,400 --> 00:33:37,240
Speaker 1: I'm fine with it. Like if my podcast is a

721
00:33:37,240 --> 00:33:39,280
Speaker 1: little bit morbid, I'm alright with it. You know, But

722
00:33:39,520 --> 00:33:42,120
Speaker 1: make a will because it may seem really far off

723
00:33:42,240 --> 00:33:44,360
Speaker 1: that you need it, but you never know what is

724
00:33:44,400 --> 00:33:46,680
Speaker 1: around the corner. And believe me, you do not want

725
00:33:46,680 --> 00:33:48,920
Speaker 1: to lump your family and friends with any of the

726
00:33:48,960 --> 00:33:53,400
Speaker 1: additional burden if something happened to you yesterday, like it's

727
00:33:53,440 --> 00:33:55,600
Speaker 1: really messed up. Beck. The stuff I have seen as

728
00:33:55,640 --> 00:33:58,719
Speaker 1: a financial advisor is the reason I am so wildly

729
00:33:58,760 --> 00:34:01,920
Speaker 1: passionate about insurance. It's why I'm so wildly passionate about

730
00:34:01,960 --> 00:34:03,800
Speaker 1: having a will. And if you listen to some of

731
00:34:03,840 --> 00:34:07,200
Speaker 1: our money diaries, I think it will really drive that

732
00:34:07,240 --> 00:34:10,680
Speaker 1: point home. So those are my top tips, and I

733
00:34:10,719 --> 00:34:14,560
Speaker 1: feel like that's where we want to start financial planning.

734
00:34:14,760 --> 00:34:15,600
Speaker 1: That's what we're going to do.

735
00:34:15,840 --> 00:34:18,880
Speaker 4: I get you, Okay, Okay, even if it's you know,

736
00:34:19,000 --> 00:34:23,960
Speaker 4: something that you feel like is so unlikely and so morbid,

737
00:34:24,160 --> 00:34:26,440
Speaker 4: it's really good to be thinking about these things. So

738
00:34:26,520 --> 00:34:27,359
Speaker 4: you know what, I'm going to have.

739
00:34:27,280 --> 00:34:30,120
Speaker 1: These conversations when you're in your right mind and want

740
00:34:30,120 --> 00:34:32,080
Speaker 1: the best for future you and want the best for

741
00:34:32,120 --> 00:34:34,319
Speaker 1: your family, not when you're forced to have them and

742
00:34:34,320 --> 00:34:36,160
Speaker 1: you're making a decision out of desperation.

743
00:34:36,400 --> 00:34:39,920
Speaker 4: Definitely, that's a really good point. So I guess onto

744
00:34:39,960 --> 00:34:41,320
Speaker 4: the next thing let's talk about.

745
00:34:41,400 --> 00:34:44,000
Speaker 1: Like I'm moving on is a bit morbid.

746
00:34:44,280 --> 00:34:46,480
Speaker 4: I've really want to jump to a new topic because

747
00:34:46,719 --> 00:34:50,440
Speaker 4: it is so morbid. But you don't talk about setting

748
00:34:50,480 --> 00:34:51,600
Speaker 4: short and long term goals.

749
00:34:51,719 --> 00:34:55,560
Speaker 1: Goal setting sounds really bland, but it's really really important.

750
00:34:55,760 --> 00:34:57,239
Speaker 1: You don't have to have a goal of having a

751
00:34:57,280 --> 00:35:00,319
Speaker 1: new career. Beck. We could have small goals. But you

752
00:35:00,400 --> 00:35:02,600
Speaker 1: need to understand the difference between a short and a

753
00:35:02,600 --> 00:35:04,319
Speaker 1: long term goal so that we know where to put

754
00:35:04,360 --> 00:35:06,480
Speaker 1: our money. Because if you set a short term goal

755
00:35:06,520 --> 00:35:08,200
Speaker 1: of mine is to buy a house, I'd be like,

756
00:35:08,239 --> 00:35:10,880
Speaker 1: all right, well, investing is not a good option, right, Like,

757
00:35:11,000 --> 00:35:13,319
Speaker 1: let's not put our money into the investment markets if

758
00:35:13,320 --> 00:35:14,839
Speaker 1: you're going to buy in the next year or two.

759
00:35:15,120 --> 00:35:16,920
Speaker 1: But if you said long term goal, maybe in the

760
00:35:16,920 --> 00:35:19,040
Speaker 1: next ten plus years, I really want to buy property,

761
00:35:19,040 --> 00:35:21,719
Speaker 1: I'd be like, babe, investing could be for you, Like

762
00:35:21,800 --> 00:35:23,919
Speaker 1: that could put you in a better position. You could

763
00:35:23,920 --> 00:35:26,840
Speaker 1: pick up some compound interest, Like over that long period

764
00:35:26,920 --> 00:35:29,200
Speaker 1: of time, you're going to make sure that you're, you know,

765
00:35:29,239 --> 00:35:32,640
Speaker 1: hedging your bets over the market not being down. So

766
00:35:32,680 --> 00:35:37,160
Speaker 1: I think getting some clear and achievable short and long

767
00:35:37,239 --> 00:35:41,640
Speaker 1: term goals is fundamental to guiding financial decisions and ensuring

768
00:35:41,880 --> 00:35:45,359
Speaker 1: future success, which is really important. But I also need

769
00:35:45,400 --> 00:35:48,160
Speaker 1: to recognize that I'm the worst at setting a goal

770
00:35:48,200 --> 00:35:50,560
Speaker 1: and then sticking to it. Did you set your goals

771
00:35:50,600 --> 00:35:53,920
Speaker 1: for this year? If so, what were they. Let's do

772
00:35:54,000 --> 00:35:56,600
Speaker 1: a little bit of a check in. I did your

773
00:35:56,640 --> 00:35:59,319
Speaker 1: Best Year Yet program at the start of this year,

774
00:35:59,360 --> 00:36:02,120
Speaker 1: because goal setting for me used to be really hearty,

775
00:36:02,200 --> 00:36:04,200
Speaker 1: so like write down all of my goals and then

776
00:36:04,280 --> 00:36:06,040
Speaker 1: not do anything about them, and then at the end

777
00:36:06,120 --> 00:36:08,080
Speaker 1: of the year wonder why I hadn't achieved them, but

778
00:36:08,120 --> 00:36:10,640
Speaker 1: also crucify myself because I was like, I'm so dumb.

779
00:36:11,280 --> 00:36:14,040
Speaker 1: I didn't save ten grand and that was my big

780
00:36:14,080 --> 00:36:16,240
Speaker 1: goal and I can't believe I didn't do it right.

781
00:36:16,280 --> 00:36:18,440
Speaker 1: But Becka had no framework in place, Like, how was

782
00:36:18,480 --> 00:36:21,440
Speaker 1: I going to save ten grand by December if I

783
00:36:21,480 --> 00:36:24,560
Speaker 1: didn't have any type of plan in January, if every

784
00:36:24,600 --> 00:36:27,160
Speaker 1: March or the rest of the year, Yeah, I was

785
00:36:27,239 --> 00:36:29,080
Speaker 1: just going to turn up with ten grand at the

786
00:36:29,200 --> 00:36:31,319
Speaker 1: end of the year and no framework to have done that.

787
00:36:31,480 --> 00:36:34,400
Speaker 4: Sure. Really, sometimes it is just as satisfying writing down

788
00:36:34,400 --> 00:36:37,879
Speaker 4: your goals instead of like actually hitting them or reaching them.

789
00:36:37,800 --> 00:36:39,040
Speaker 1: You know what I mean. I feel like it gives

790
00:36:39,080 --> 00:36:42,400
Speaker 1: you clarity on what you want, So that's important. But

791
00:36:42,560 --> 00:36:44,880
Speaker 1: if you're going to set goals and you want to

792
00:36:44,920 --> 00:36:48,080
Speaker 1: achieve them, check in on them. It's not too late

793
00:36:48,280 --> 00:36:51,000
Speaker 1: ever to reflect on what you wanted, focus on and

794
00:36:51,080 --> 00:36:55,080
Speaker 1: start tracking your progress. So if you started this year

795
00:36:55,480 --> 00:36:58,040
Speaker 1: with a list of goals and maybe you haven't reviewed them.

796
00:36:58,040 --> 00:36:59,560
Speaker 1: Maybe now is the time that I'm kicking you in

797
00:36:59,600 --> 00:37:01,640
Speaker 1: the bottom a little bit, going, hey, Beck, where's that

798
00:37:01,719 --> 00:37:04,160
Speaker 1: list you said you liked writing down? Where are we at?

799
00:37:04,160 --> 00:37:06,000
Speaker 1: Do you still want to do those things? It's so

800
00:37:06,080 --> 00:37:08,000
Speaker 1: fine if you don't like the amount of times I

801
00:37:08,080 --> 00:37:10,080
Speaker 1: change my mind. I'm like, I know, I said I

802
00:37:10,120 --> 00:37:12,000
Speaker 1: wanted to do that, but that was a joke. I

803
00:37:12,040 --> 00:37:14,640
Speaker 1: was just joking, Guys, I was joking. Why don't you

804
00:37:14,680 --> 00:37:17,439
Speaker 1: take a joke. I never wanted to do that. Thing

805
00:37:17,520 --> 00:37:20,600
Speaker 1: that I did was crucial for future. Yeah, No, it

806
00:37:20,640 --> 00:37:23,080
Speaker 1: was a joke. But I think having a look at

807
00:37:23,080 --> 00:37:25,319
Speaker 1: your goals and what you want to achieve is really

808
00:37:25,400 --> 00:37:29,520
Speaker 1: important and then looking further ahead. So what does that

809
00:37:29,560 --> 00:37:32,360
Speaker 1: look like for you? What are your goals for achieving

810
00:37:32,360 --> 00:37:35,200
Speaker 1: some level of financial freedom? What are your goals for

811
00:37:35,520 --> 00:37:38,560
Speaker 1: retirement if you've got them? If you've ever said to yourself,

812
00:37:38,600 --> 00:37:40,719
Speaker 1: I know, I really want to retire early, what does

813
00:37:40,760 --> 00:37:45,160
Speaker 1: that even mean? Like when you say retire early, what

814
00:37:45,239 --> 00:37:48,319
Speaker 1: does that mean to you? Because I think when I

815
00:37:48,400 --> 00:37:50,919
Speaker 1: was young, and you would have said, oh, sixty five

816
00:37:51,360 --> 00:37:53,480
Speaker 1: is the retirement age, which it is at the moment.

817
00:37:54,000 --> 00:37:56,399
Speaker 1: If you'd said to me, does that sound good. I'd

818
00:37:56,440 --> 00:37:58,440
Speaker 1: be like, yeah, that sounds great. But now I look

819
00:37:58,440 --> 00:38:00,680
Speaker 1: at my parents, who are both close to sixty five,

820
00:38:00,719 --> 00:38:03,640
Speaker 1: and I'm like, that's so young. Like to me, that

821
00:38:04,000 --> 00:38:06,080
Speaker 1: isn't as old as what I used to think it was.

822
00:38:06,239 --> 00:38:08,560
Speaker 1: Is that where I want my life at? But I

823
00:38:08,600 --> 00:38:11,120
Speaker 1: also think, how good would it have been if, you know,

824
00:38:11,200 --> 00:38:14,080
Speaker 1: at fifty, I had financial freedom to choose, like, maybe

825
00:38:14,080 --> 00:38:16,000
Speaker 1: I can go part time, maybe I can, you know,

826
00:38:16,520 --> 00:38:18,920
Speaker 1: choose to live my life the way that I want to,

827
00:38:19,239 --> 00:38:21,440
Speaker 1: because I don't want to be sixty five and having

828
00:38:21,480 --> 00:38:24,239
Speaker 1: to go to work every single day. So I don't know,

829
00:38:24,280 --> 00:38:27,839
Speaker 1: it's completely up to you. So determining your retirement age

830
00:38:27,920 --> 00:38:30,200
Speaker 1: or what you think you might want to retire out,

831
00:38:30,480 --> 00:38:33,600
Speaker 1: and your lifestyle expectations is going to help you calculate

832
00:38:33,640 --> 00:38:36,719
Speaker 1: what you need in retirement. So I always tell you

833
00:38:36,800 --> 00:38:39,239
Speaker 1: about this figure of you know, having one point two

834
00:38:39,239 --> 00:38:41,520
Speaker 1: million dollars invested beck and how that will give you

835
00:38:41,600 --> 00:38:44,960
Speaker 1: every single year a sixty thousand dollars income. Is that

836
00:38:45,120 --> 00:38:47,720
Speaker 1: enough for you? What does that actually look like? Because

837
00:38:47,800 --> 00:38:51,400
Speaker 1: one point two million dollars is so much to be invested.

838
00:38:51,480 --> 00:38:53,840
Speaker 1: In fact, you don't even need half of that to

839
00:38:53,960 --> 00:38:58,319
Speaker 1: have a successful retirement. A comfortable retirement here in Australia

840
00:38:58,440 --> 00:39:01,160
Speaker 1: is less than that, which is really nice. But have

841
00:39:01,239 --> 00:39:03,880
Speaker 1: you done the numbers? What does a comfortable retirement for

842
00:39:03,960 --> 00:39:06,640
Speaker 1: you look like? Because that might look very different to

843
00:39:06,680 --> 00:39:10,520
Speaker 1: the comfortable retirement I want, and that's okay, But what

844
00:39:10,560 --> 00:39:13,120
Speaker 1: does that number look like? And I can almost guarantee

845
00:39:13,120 --> 00:39:17,319
Speaker 1: that the second you start going, ah, looks like this

846
00:39:18,200 --> 00:39:21,000
Speaker 1: clarity opens up and it's not as hard as you

847
00:39:21,040 --> 00:39:24,040
Speaker 1: thought it was. It's not as overwhelming or confusing, or

848
00:39:24,160 --> 00:39:26,960
Speaker 1: you know, it's not something that feels so distant. You go,

849
00:39:27,040 --> 00:39:29,360
Speaker 1: I could probably work towards that. You know, my souper

850
00:39:29,440 --> 00:39:32,040
Speaker 1: is actually tracking really well. Or you know what if

851
00:39:32,080 --> 00:39:34,960
Speaker 1: I added one percent to my super m what does

852
00:39:35,000 --> 00:39:37,640
Speaker 1: this look like? I could invest outside of super as well.

853
00:39:37,880 --> 00:39:39,440
Speaker 1: So there's lots that you could do.

854
00:39:40,040 --> 00:39:43,080
Speaker 4: I'm start to feel a bit motivated. And hopefully once

855
00:39:43,080 --> 00:39:45,480
Speaker 4: you start I expose like planning for things and realize

856
00:39:45,520 --> 00:39:46,920
Speaker 4: you can do it and you feel like you've got

857
00:39:46,920 --> 00:39:49,040
Speaker 4: a little bit of control. I think you'll feel a

858
00:39:49,040 --> 00:39:49,759
Speaker 4: bit motivated too.

859
00:39:49,960 --> 00:39:51,879
Speaker 1: It's sexy. Now, I wonder do we have.

860
00:39:51,800 --> 00:39:53,080
Speaker 4: Time for one more?

861
00:39:53,600 --> 00:39:55,759
Speaker 1: Nearly? Like, let's do like a half one let's talk

862
00:39:55,800 --> 00:39:58,719
Speaker 1: about financial literacy, because that we are definitely running out

863
00:39:58,719 --> 00:40:01,080
Speaker 1: of time, but I think a very good place to

864
00:40:01,080 --> 00:40:05,320
Speaker 1: wrap it actually is really about improving your financial literacy,

865
00:40:05,719 --> 00:40:09,000
Speaker 1: which like, guys, you're doing by listening to this podcast

866
00:40:09,120 --> 00:40:12,279
Speaker 1: so Slay, you are definitely putting yourself in the best

867
00:40:12,320 --> 00:40:15,600
Speaker 1: possible position. But do something every week or every month

868
00:40:15,719 --> 00:40:18,920
Speaker 1: to improve your financial literacy, whether that is listening to

869
00:40:18,960 --> 00:40:22,440
Speaker 1: a podcast, listening to somebody else's podcast, you know, checking

870
00:40:22,440 --> 00:40:25,719
Speaker 1: your superbalance, checking in on things. At the end of

871
00:40:25,760 --> 00:40:28,400
Speaker 1: my very first book, She's on the Money, there's actually

872
00:40:28,440 --> 00:40:31,240
Speaker 1: a laundry list of what you can do every single

873
00:40:31,320 --> 00:40:33,960
Speaker 1: month to put yourself in the best possible position. So

874
00:40:34,080 --> 00:40:35,839
Speaker 1: like I can't even remember what I did, but it's

875
00:40:35,880 --> 00:40:38,000
Speaker 1: like month one, you check in on your budget. Here,

876
00:40:38,080 --> 00:40:40,399
Speaker 1: month two you're checking in your insurances, and it gives

877
00:40:40,440 --> 00:40:42,920
Speaker 1: you like checkpoints of what to do so that by

878
00:40:42,960 --> 00:40:45,920
Speaker 1: the end of the year you're in the best possible position.

879
00:40:46,000 --> 00:40:49,520
Speaker 1: And it includes things like checking your insurances on your

880
00:40:49,560 --> 00:40:51,840
Speaker 1: car and how much you're paying. It includes having a

881
00:40:51,880 --> 00:40:53,600
Speaker 1: look at your super and all of those things that

882
00:40:53,680 --> 00:40:57,160
Speaker 1: might slip through the cracks and then get to the

883
00:40:57,239 --> 00:40:59,480
Speaker 1: end of the year, and we started again. So I

884
00:40:59,520 --> 00:41:02,400
Speaker 1: think that that could be really powerful, having a checklist

885
00:41:02,480 --> 00:41:04,759
Speaker 1: of sorts so that every month, I go, oh, Beck,

886
00:41:05,320 --> 00:41:08,560
Speaker 1: do something every month for your financial literacy. You're like, what,

887
00:41:09,080 --> 00:41:11,680
Speaker 1: But I gave you an entire list for an entire year,

888
00:41:11,719 --> 00:41:14,359
Speaker 1: and all you do is set and repeat. And it

889
00:41:14,440 --> 00:41:16,480
Speaker 1: means that at least every year you're going to look

890
00:41:16,480 --> 00:41:18,400
Speaker 1: at your budget. At least every year, you're going to

891
00:41:18,480 --> 00:41:21,040
Speaker 1: review all of your subscriptions. At least every year you're

892
00:41:21,080 --> 00:41:23,560
Speaker 1: going to check how much money is coming into your account.

893
00:41:23,680 --> 00:41:26,800
Speaker 1: At least every year we're sitting down and potentially talking

894
00:41:26,840 --> 00:41:30,800
Speaker 1: about a pay rise with our employer, like really important stuff.

895
00:41:30,840 --> 00:41:33,480
Speaker 1: But I made the checklist for you, so you can

896
00:41:33,520 --> 00:41:35,680
Speaker 1: do that if you so wish. Otherwise, you could make

897
00:41:35,680 --> 00:41:38,560
Speaker 1: your own checklist up and do whatever you like, because

898
00:41:38,560 --> 00:41:41,000
Speaker 1: all I care is that you've got the financial literacy

899
00:41:41,040 --> 00:41:42,799
Speaker 1: to make the decision that you deserve to make.

900
00:41:43,200 --> 00:41:45,280
Speaker 4: I love it. It is so good like that, Victoria.

901
00:41:45,400 --> 00:41:47,640
Speaker 1: Yeah, I just love a list, love a spreadsheet. I'm

902
00:41:47,680 --> 00:41:48,200
Speaker 1: here for it.

903
00:41:48,200 --> 00:41:50,800
Speaker 4: I love a list. Okay, well let's agree on something.

904
00:41:51,040 --> 00:41:55,040
Speaker 4: I'll go invest after this and you start meditating. No, okay,

905
00:41:55,520 --> 00:41:58,520
Speaker 4: you do yours I'm not doing it. That's fair. You'll

906
00:41:58,560 --> 00:41:59,839
Speaker 4: invest though, right right?

907
00:42:00,239 --> 00:42:02,560
Speaker 1: Good rest of the day, guys, will see you on Friday.

908
00:42:02,600 --> 00:42:02,960
Speaker 4: See there.

909
00:42:03,160 --> 00:42:11,279
Speaker 1: Fine. The advice shared on She's on the Money is

910
00:42:11,360 --> 00:42:14,960
Speaker 1: general in nature and does not consider your individual circumstances.

911
00:42:15,320 --> 00:42:18,719
Speaker 1: She's on the Money exists purely for educational purposes and

912
00:42:18,760 --> 00:42:21,200
Speaker 1: should not be relied upon to make an investment or

913
00:42:21,280 --> 00:42:24,880
Speaker 1: financial decision. If you do choose to buy a financial product,

914
00:42:24,960 --> 00:42:28,920
Speaker 1: read the PDS TMD and obtain appropriate financial advice tailored

915
00:42:28,960 --> 00:42:32,440
Speaker 1: towards your needs. Victoria Divine and She's on the Money

916
00:42:32,480 --> 00:42:37,359
Speaker 1: are authorized representatives of Money showper Pty Ltd ABN three

917
00:42:37,480 --> 00:42:40,719
Speaker 1: two one six four nine two seven seven zero eight

918
00:42:41,000 --> 00:42:44,680
Speaker 1: AFSL four five one two eight nine