1 00:00:00,680 --> 00:00:01,000 Speaker 1: Hello. 2 00:00:01,560 --> 00:00:05,040 Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the 3 00:00:05,160 --> 00:00:08,760 Speaker 2: Order Kerney Whoalbury and a waddery woman. And before we 4 00:00:08,800 --> 00:00:11,440 Speaker 2: get started on She's on the Money podcast, I would 5 00:00:11,520 --> 00:00:14,520 Speaker 2: like to acknowledge the traditional custodians of the land of 6 00:00:14,560 --> 00:00:18,680 Speaker 2: which this podcast is recorded on a wondery country, acknowledging 7 00:00:18,680 --> 00:00:22,560 Speaker 2: the elders, the ancestors and the next generation coming through 8 00:00:23,040 --> 00:00:27,159 Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and 9 00:00:27,240 --> 00:00:30,600 Speaker 2: the storytelling of you to make a difference for today 10 00:00:31,040 --> 00:00:32,640 Speaker 2: and lasting impact for tomorrow. 11 00:00:33,320 --> 00:00:34,120 Speaker 1: Let's get into it. 12 00:00:34,800 --> 00:00:54,080 Speaker 3: She's on the Money, She's on the Money. 13 00:00:57,840 --> 00:01:02,040 Speaker 1: Hello, and welcome to She's the Podcast Millennials who Want 14 00:01:02,080 --> 00:01:05,680 Speaker 1: Financial Freedom. My name is Jessica Ricky, and today with me, 15 00:01:05,840 --> 00:01:10,440 Speaker 1: I have finance expert Victoria Devine. Hello, mis jess Grichi Hello, Hello. 16 00:01:10,520 --> 00:01:13,080 Speaker 1: How you still can't get your name right, can you? Jessica, 17 00:01:13,760 --> 00:01:16,600 Speaker 1: You're going to talk about personality today. I'm very excited 18 00:01:16,600 --> 00:01:19,319 Speaker 1: about this episode because I feel like so many times 19 00:01:19,319 --> 00:01:21,520 Speaker 1: we talk about risk and stuff and it's like not 20 00:01:21,600 --> 00:01:26,800 Speaker 1: nearly a sexy as stereotype. Yes, strap in, it's going 21 00:01:26,880 --> 00:01:28,800 Speaker 1: to be a fun one, but we're all kind of 22 00:01:29,120 --> 00:01:31,520 Speaker 1: self reflecting, I think coming up to the new year, 23 00:01:31,880 --> 00:01:33,840 Speaker 1: and over the past decade or so, there has been 24 00:01:33,880 --> 00:01:38,000 Speaker 1: a real boom of money personalities, BuzzFeed quizzes, books and 25 00:01:38,080 --> 00:01:41,120 Speaker 1: courses and websites, And it makes a lot of sense 26 00:01:41,200 --> 00:01:44,880 Speaker 1: because obviously it's totally essential that we have a deep 27 00:01:45,040 --> 00:01:48,760 Speaker 1: understanding of our attitudes towards money and investing, as well 28 00:01:48,800 --> 00:01:51,240 Speaker 1: as the emotions that hide behind the decisions that we're 29 00:01:51,280 --> 00:01:55,559 Speaker 1: making around money. Obviously very important or also important. Which 30 00:01:55,640 --> 00:01:59,040 Speaker 1: Disney Princess am I my favorite BuzzFeed quiz? Which one 31 00:01:59,040 --> 00:02:01,640 Speaker 1: did you come out as? I think I got Cinderella? Yeah, 32 00:02:01,640 --> 00:02:05,000 Speaker 1: I got Bell, So this is not surprising. Also, that's 33 00:02:05,000 --> 00:02:06,920 Speaker 1: what we did over our Christmas period. If you guys 34 00:02:06,960 --> 00:02:09,160 Speaker 1: want to know if we switched off, obviously we did. 35 00:02:09,520 --> 00:02:12,080 Speaker 1: But I'm excited to talk about this because obviously at 36 00:02:12,120 --> 00:02:14,320 Speaker 1: this point of the year, as you were saying, Jess, 37 00:02:14,360 --> 00:02:17,680 Speaker 1: like we're being reflective. But at this particular point of 38 00:02:17,720 --> 00:02:19,960 Speaker 1: the year, I feel like we're over the Christmas stuff, 39 00:02:20,160 --> 00:02:22,200 Speaker 1: We've gotten through getting back to work, and now we're 40 00:02:22,240 --> 00:02:24,560 Speaker 1: really like what is going on with our lives? So 41 00:02:24,680 --> 00:02:26,840 Speaker 1: now is a great time to I guess talk about 42 00:02:27,000 --> 00:02:30,440 Speaker 1: different money personalities and one that you might resonate with, 43 00:02:30,480 --> 00:02:33,000 Speaker 1: because it's not actually that exciting to talk about risk profile. 44 00:02:33,400 --> 00:02:36,520 Speaker 1: Really important to talk about risk profiles and understand them, 45 00:02:36,560 --> 00:02:38,680 Speaker 1: but sometimes it's kind of like, well, what do I 46 00:02:38,800 --> 00:02:42,160 Speaker 1: actually align with? What might my money story be guiding 47 00:02:42,200 --> 00:02:44,680 Speaker 1: me down the path? Too? And I wrote about this 48 00:02:44,720 --> 00:02:46,799 Speaker 1: in my first book, and I think I summarized it 49 00:02:46,840 --> 00:02:48,760 Speaker 1: a little in my second, because I do think it's 50 00:02:48,800 --> 00:02:51,520 Speaker 1: important to even just reflect on these things and be like, well, 51 00:02:51,520 --> 00:02:54,440 Speaker 1: why would I fit in that personality type? So we're 52 00:02:54,440 --> 00:02:56,120 Speaker 1: going to go through all of them today. And this 53 00:02:56,280 --> 00:02:58,919 Speaker 1: isn't just Jess and I'm making up like star sign content. 54 00:02:59,160 --> 00:03:01,520 Speaker 1: I promise you this has actually come from real research. 55 00:03:01,560 --> 00:03:04,080 Speaker 1: So all of this has come from doctor Kathleen Gurney, 56 00:03:04,160 --> 00:03:08,240 Speaker 1: who is a financial psychology pioneer, you would say, and 57 00:03:08,320 --> 00:03:11,440 Speaker 1: she found that investors fit into one of nine different 58 00:03:11,480 --> 00:03:14,160 Speaker 1: personality types. So today we're going to go over those 59 00:03:14,240 --> 00:03:17,800 Speaker 1: nine personality types. And do you want to kick it off, Joci. 60 00:03:17,840 --> 00:03:19,640 Speaker 1: I'm excited to learn which one I am. Do you 61 00:03:19,680 --> 00:03:22,160 Speaker 1: reckon At the end of the episode, we like identify 62 00:03:22,200 --> 00:03:23,800 Speaker 1: which one we are, and then we'll do a thread 63 00:03:23,800 --> 00:03:25,760 Speaker 1: in the Facebook proceis because I want to know what 64 00:03:25,800 --> 00:03:28,359 Speaker 1: everybody else is and what they most resonate with or 65 00:03:28,400 --> 00:03:29,760 Speaker 1: I'm not going to ask you now, but I want 66 00:03:29,760 --> 00:03:31,560 Speaker 1: to know what you think most of the shees on 67 00:03:31,600 --> 00:03:33,840 Speaker 1: the money community are as well. Okay, there's one that 68 00:03:34,000 --> 00:03:36,360 Speaker 1: I think most people will fall into. The bucket off. 69 00:03:36,440 --> 00:03:38,600 Speaker 1: Oh I'm interested, all right, kick it off. Tell me 70 00:03:38,680 --> 00:03:40,640 Speaker 1: what is the first one? All right? So the first 71 00:03:40,680 --> 00:03:44,000 Speaker 1: money personality, Gurnie outlines it's called a high roll them. 72 00:03:44,000 --> 00:03:48,119 Speaker 1: It's Jessic Gouchies. So these guys, they are thrill seekers 73 00:03:48,120 --> 00:03:52,520 Speaker 1: who enjoy financial risk, Not you are. I For them, 74 00:03:52,680 --> 00:03:57,160 Speaker 1: money brings instant power and recognition. They're creative, they're extroverted 75 00:03:57,280 --> 00:04:01,240 Speaker 1: and arguably very competitive. And can they prefer to risk 76 00:04:01,280 --> 00:04:05,320 Speaker 1: their assets rather than be bored by financial security? Definitely? 77 00:04:05,320 --> 00:04:07,400 Speaker 1: Not me, Definitely, not anyone in the She's on the 78 00:04:07,440 --> 00:04:10,600 Speaker 1: money community so kind of like a Samantha from Sex 79 00:04:10,640 --> 00:04:12,400 Speaker 1: and the City. Oh, she likes risk, but I feel 80 00:04:12,440 --> 00:04:14,520 Speaker 1: like it's a different type of risk. Jess Yeah, you're 81 00:04:14,560 --> 00:04:18,159 Speaker 1: not wrong. I don't think her financial literacy was up 82 00:04:18,160 --> 00:04:20,920 Speaker 1: there in the show. Hopefully it's improved since then. If not, 83 00:04:21,040 --> 00:04:24,280 Speaker 1: she can slide into my DM we can have a chat. Yeah, 84 00:04:24,320 --> 00:04:26,960 Speaker 1: but I feel like this is less likely to be 85 00:04:27,040 --> 00:04:29,400 Speaker 1: someone in the she's on the money community. Not because 86 00:04:29,520 --> 00:04:32,080 Speaker 1: risk taking is bad. Risk taking is something that I 87 00:04:32,120 --> 00:04:35,120 Speaker 1: align with, to be honest, It's just that I would 88 00:04:35,200 --> 00:04:39,200 Speaker 1: not take a risk that would compromise my financial security, Like, 89 00:04:39,200 --> 00:04:41,000 Speaker 1: it's just not an option to me. I just don't 90 00:04:41,000 --> 00:04:42,560 Speaker 1: want to do that. And the idea that you would 91 00:04:42,560 --> 00:04:45,400 Speaker 1: prefer to risk your assets then be bored by financial 92 00:04:45,440 --> 00:04:48,120 Speaker 1: security Like no, sorry, because yeah, as you said, risk 93 00:04:48,120 --> 00:04:49,960 Speaker 1: taking inherently isn't a bad thing, and there are a 94 00:04:49,960 --> 00:04:52,160 Speaker 1: lot of people who do her on the side of 95 00:04:52,560 --> 00:04:55,880 Speaker 1: riskier risk profiles. I guess on money diaries late last year, 96 00:04:55,880 --> 00:04:58,960 Speaker 1: we spoke to a diarist who sold their entire house 97 00:04:59,040 --> 00:05:01,640 Speaker 1: to start a business and like that obviously was a 98 00:05:01,680 --> 00:05:04,159 Speaker 1: really big risk with a lot of return, but like 99 00:05:04,279 --> 00:05:06,960 Speaker 1: really big risk. I couldn't do it, but they did. 100 00:05:07,040 --> 00:05:09,560 Speaker 1: So maybe they're a high roller, maybe, But I don't 101 00:05:09,560 --> 00:05:12,120 Speaker 1: think that that choice was made because they were bored 102 00:05:12,160 --> 00:05:15,520 Speaker 1: by the thought of being secure financially. No, but like 103 00:05:15,640 --> 00:05:18,760 Speaker 1: bored with the status quo. Maybe true, true, true, true. 104 00:05:19,000 --> 00:05:22,360 Speaker 1: So the second money personality is called an optimist, And 105 00:05:22,400 --> 00:05:25,640 Speaker 1: for optimists, money brings them a sense of peace of mind. 106 00:05:25,720 --> 00:05:29,160 Speaker 1: They're far more interested in enjoying it than making it grow. 107 00:05:29,520 --> 00:05:33,160 Speaker 1: They're not highly involved with their money, their taxes, their investments, 108 00:05:33,520 --> 00:05:36,680 Speaker 1: mainly because they find it too stressful. So they're always 109 00:05:36,839 --> 00:05:39,160 Speaker 1: it'll happen one day, it'll be fine. I don't need 110 00:05:39,200 --> 00:05:41,920 Speaker 1: to worry about it at all right now. And they're 111 00:05:41,960 --> 00:05:44,800 Speaker 1: kind of just maybe the type of people from my perspective, 112 00:05:45,000 --> 00:05:47,600 Speaker 1: who just live paycheck to paycheck but are super happy 113 00:05:47,640 --> 00:05:50,600 Speaker 1: with that, and they're not interested in engaging with an 114 00:05:50,680 --> 00:05:53,279 Speaker 1: investment journey. I don't know if that's because they're not 115 00:05:53,360 --> 00:05:56,400 Speaker 1: interested or educated in it, but the idea that they 116 00:05:56,440 --> 00:05:58,600 Speaker 1: just find it too stressful. I'm like, it's not stressful. 117 00:05:58,640 --> 00:06:01,120 Speaker 1: I promise it's fine. We can make it easy. Yeah. 118 00:06:01,360 --> 00:06:03,800 Speaker 1: Maybe the kind of person who's had some kind of 119 00:06:03,839 --> 00:06:07,520 Speaker 1: financial trauma in their past. Yeah, potentially, and that's what's 120 00:06:07,520 --> 00:06:10,160 Speaker 1: triggering off those feelings of stress and anxiety as well, 121 00:06:10,240 --> 00:06:13,480 Speaker 1: might fall into that basket. Absolutely. And I think optimists 122 00:06:13,520 --> 00:06:16,120 Speaker 1: are what our community were before they came here. Yeah, right, 123 00:06:16,200 --> 00:06:17,960 Speaker 1: Like so many people say that to us. They're like, 124 00:06:18,000 --> 00:06:19,760 Speaker 1: oh my gosh, money used to give me mad anxiety 125 00:06:19,800 --> 00:06:21,240 Speaker 1: or burying my head in the sand. I wouldn't do 126 00:06:21,320 --> 00:06:25,599 Speaker 1: anything because money personalities aren't set. They are actually quite fluid, 127 00:06:25,640 --> 00:06:28,880 Speaker 1: and they're based on your education, your background, your history, 128 00:06:28,920 --> 00:06:31,839 Speaker 1: your money story, and obviously if you're someone who was 129 00:06:31,839 --> 00:06:33,640 Speaker 1: an optimist and you're like, I'm not going to focus 130 00:06:33,680 --> 00:06:36,120 Speaker 1: on any of these because it's too stressful. But then 131 00:06:36,160 --> 00:06:38,560 Speaker 1: you learn more about it and really reflect on your 132 00:06:38,560 --> 00:06:40,839 Speaker 1: money story and understand where you've come from, where you 133 00:06:40,880 --> 00:06:42,920 Speaker 1: want to go, like you can move out of that. 134 00:06:43,000 --> 00:06:45,440 Speaker 1: I don't think it's a bad thing, though, because if 135 00:06:45,480 --> 00:06:47,840 Speaker 1: you're happy, are we really the ones to say that 136 00:06:47,880 --> 00:06:50,000 Speaker 1: you're doing the wrong thing? No? And I think none 137 00:06:50,040 --> 00:06:52,480 Speaker 1: of these I would assume personalities are bad things, right, 138 00:06:52,560 --> 00:06:54,960 Speaker 1: Like No, it's just you know, you fall into one, 139 00:06:55,000 --> 00:06:57,520 Speaker 1: and maybe that helps you identify your strength and your 140 00:06:57,520 --> 00:07:00,479 Speaker 1: weaknesses because every category, like every person is going to 141 00:07:00,480 --> 00:07:02,520 Speaker 1: have them agreed. And I think it's a bit like 142 00:07:02,600 --> 00:07:05,360 Speaker 1: star signs, right, So, like I would love to think 143 00:07:05,400 --> 00:07:08,200 Speaker 1: that I'm a big star signce person, but it's kind 144 00:07:08,200 --> 00:07:12,480 Speaker 1: of like I'm also a very technical, scientific person. So 145 00:07:12,680 --> 00:07:15,520 Speaker 1: I love star signs because I just love the dramma 146 00:07:15,560 --> 00:07:17,120 Speaker 1: of it, the fact like, I love the fun I 147 00:07:17,160 --> 00:07:19,680 Speaker 1: love reading them in the newspaper. I love, you know, 148 00:07:19,720 --> 00:07:22,320 Speaker 1: aligning to something and being like, oh my god, that's me. Haha. 149 00:07:22,440 --> 00:07:25,240 Speaker 1: I think we all like content that reflects us, right, 150 00:07:25,400 --> 00:07:27,040 Speaker 1: Like if I sat you down and said, yes, this 151 00:07:27,080 --> 00:07:28,760 Speaker 1: is you, you'd be like, oh my god. It totally 152 00:07:28,920 --> 00:07:33,080 Speaker 1: is like, we as humans like stability, we like consistency, 153 00:07:33,160 --> 00:07:36,160 Speaker 1: and we really like knowing where we're going. So if 154 00:07:36,160 --> 00:07:37,800 Speaker 1: I say this is you, You're like, oh my gosh, 155 00:07:37,840 --> 00:07:40,560 Speaker 1: I feel in control. So it's something that as humans 156 00:07:40,640 --> 00:07:43,920 Speaker 1: we actually gravitate towards stereotypes, which is why they're so 157 00:07:44,040 --> 00:07:47,280 Speaker 1: easy to make. And while these aren't stereotypes, I feel 158 00:07:47,280 --> 00:07:49,720 Speaker 1: like it's kind of similar in a way. Yeah, for sure, 159 00:07:50,080 --> 00:07:51,800 Speaker 1: what have you got for option number three? 160 00:07:52,040 --> 00:07:52,280 Speaker 2: Right? 161 00:07:52,360 --> 00:07:56,440 Speaker 1: So money Personality number three is entrepreneurs. So these guys 162 00:07:56,520 --> 00:07:59,880 Speaker 1: are high income owners who enjoy the power and prestige 163 00:08:00,080 --> 00:08:04,160 Speaker 1: of money. They are mostly male dominated. They're driven by 164 00:08:04,240 --> 00:08:08,000 Speaker 1: a passion for excellence and achievement, and investing in the 165 00:08:08,040 --> 00:08:11,600 Speaker 1: share market is their favorite strategy. So I mean, I 166 00:08:11,600 --> 00:08:15,760 Speaker 1: don't really like that it's male dominated. Interesting that the 167 00:08:15,880 --> 00:08:18,320 Speaker 1: name that was given to it was entrepreneur because I 168 00:08:18,360 --> 00:08:21,200 Speaker 1: feel like, especially in our community, so many people are entrepreneurs. 169 00:08:21,240 --> 00:08:23,720 Speaker 1: You're an entrepreneur, I would argue on some level, so 170 00:08:23,840 --> 00:08:25,720 Speaker 1: am I. And we're both women, so I find it 171 00:08:25,760 --> 00:08:28,360 Speaker 1: interesting that that was the name that she chose to 172 00:08:28,400 --> 00:08:31,320 Speaker 1: give to it, even though it's like mostly male dominated 173 00:08:31,440 --> 00:08:35,880 Speaker 1: from my perspective. And I've just googled the definition, Jess. Entrepreneur. 174 00:08:36,559 --> 00:08:39,480 Speaker 1: The Dictionary definition is a person who sets up a 175 00:08:39,520 --> 00:08:43,040 Speaker 1: business or business says, taking on financial risks in the 176 00:08:43,080 --> 00:08:46,400 Speaker 1: hope of profit. I don't know if i'd call it entrepreneur. 177 00:08:46,520 --> 00:08:50,160 Speaker 1: Maybe there's a secondary definition to entrepreneur where you're kind 178 00:08:50,160 --> 00:08:53,560 Speaker 1: of like finding different opportunities. You might be a full 179 00:08:53,600 --> 00:08:56,240 Speaker 1: time salary and wayjourner, but you're not, you know, out 180 00:08:56,240 --> 00:08:57,840 Speaker 1: in your own with your own business. And I would 181 00:08:57,920 --> 00:09:00,320 Speaker 1: argue that going into the share market is definitely finding 182 00:09:00,320 --> 00:09:03,320 Speaker 1: your own opportunity and working towards financial freedom. So I 183 00:09:03,440 --> 00:09:06,600 Speaker 1: kind of get it, Jess. It's also a little bit stereotypical, 184 00:09:06,600 --> 00:09:09,280 Speaker 1: and something I probably should have pointed out earlier is 185 00:09:09,280 --> 00:09:12,160 Speaker 1: that Kathleen Gurney has been around for a while, so 186 00:09:12,200 --> 00:09:15,920 Speaker 1: there actually isn't a lot of recent research into money personalities. 187 00:09:16,280 --> 00:09:19,840 Speaker 1: This research originally appeared in nineteen eighty eight. And I 188 00:09:19,880 --> 00:09:22,160 Speaker 1: think that that is a little bit reflective of this 189 00:09:22,280 --> 00:09:25,400 Speaker 1: idea that it's male dominated, because I would assume that 190 00:09:25,520 --> 00:09:27,400 Speaker 1: a lot of people in the shees on the money 191 00:09:27,400 --> 00:09:30,839 Speaker 1: community would resonate a bit with that. But did you 192 00:09:30,880 --> 00:09:33,240 Speaker 1: pick up on the underlying vibe. It's kind of like 193 00:09:33,280 --> 00:09:36,200 Speaker 1: an egotistical vibe, where it's like high income owners who 194 00:09:36,280 --> 00:09:39,400 Speaker 1: enjoy the power and prestige of money. Yeah, it seems 195 00:09:39,520 --> 00:09:43,079 Speaker 1: very like fight it's pro Yeah, Whereas I would say 196 00:09:43,080 --> 00:09:45,600 Speaker 1: that I definitely do, but I wouldn't want it phrased 197 00:09:45,679 --> 00:09:48,960 Speaker 1: that way. I'd be like, yeah, I love the opportunity 198 00:09:48,960 --> 00:09:51,040 Speaker 1: that money can bring, and I obviously would love to 199 00:09:51,080 --> 00:09:53,240 Speaker 1: make more of it. And I would say that I 200 00:09:53,240 --> 00:09:56,920 Speaker 1: am definitely driven by a passion for excellence. I nearly 201 00:09:56,960 --> 00:09:59,040 Speaker 1: said to you, I do you fall into this category? 202 00:09:59,080 --> 00:10:01,079 Speaker 1: Because why didn't you? Is it because it just sounded 203 00:10:01,360 --> 00:10:04,400 Speaker 1: because itself involved? Yeah, and because of the male dominated 204 00:10:04,440 --> 00:10:06,400 Speaker 1: thing as well. I think it the whole thing when 205 00:10:06,440 --> 00:10:09,240 Speaker 1: you read it out, had a slight negative tone to it, 206 00:10:09,360 --> 00:10:11,200 Speaker 1: or at least that's how I was interpreting it. We 207 00:10:11,240 --> 00:10:13,280 Speaker 1: should make up our own Yeah, I think we should 208 00:10:13,320 --> 00:10:15,560 Speaker 1: make up or rewrite them. All. Right, Well, let's move 209 00:10:15,559 --> 00:10:18,160 Speaker 1: on to the next one, because otherwise I'm going to 210 00:10:18,200 --> 00:10:22,319 Speaker 1: get too savage on entrepreneurs. Just the next one is hunters. 211 00:10:23,000 --> 00:10:27,320 Speaker 1: So hunters are known as highly educated, above average income 212 00:10:27,400 --> 00:10:31,679 Speaker 1: earners who tend to spend and invest impulsively. So they 213 00:10:31,679 --> 00:10:37,720 Speaker 1: are mostly female dominated stereotype, and they attribute financial success 214 00:10:37,960 --> 00:10:40,880 Speaker 1: more to luck than ability and judgment. I would be 215 00:10:40,960 --> 00:10:44,480 Speaker 1: really interested to know how she put these together with 216 00:10:44,559 --> 00:10:47,480 Speaker 1: the gender thing, because right that list that you just 217 00:10:47,559 --> 00:10:49,680 Speaker 1: read again, I was like, Oh, I could almost see 218 00:10:49,720 --> 00:10:52,719 Speaker 1: you fitting into that in a way. You think I'm 219 00:10:52,760 --> 00:10:56,320 Speaker 1: an impulsive spender. I think you're impulsive in general. What 220 00:10:56,440 --> 00:10:58,640 Speaker 1: did we call that the other day? Like last year 221 00:10:58,640 --> 00:11:02,120 Speaker 1: you started calling me neuro's by sea heroes. I see 222 00:11:02,480 --> 00:11:05,800 Speaker 1: reading through back though you definitely don't attribute your success 223 00:11:05,960 --> 00:11:09,559 Speaker 1: to luck. I really wonder that nothing about those attributes 224 00:11:09,600 --> 00:11:11,760 Speaker 1: that are listed make me think, oh, it would be 225 00:11:11,840 --> 00:11:15,040 Speaker 1: inherently male or female. Like I kind of thought that 226 00:11:15,080 --> 00:11:17,760 Speaker 1: the whole purpose of this was so that people could 227 00:11:17,760 --> 00:11:21,400 Speaker 1: break it down based on their personality. And while yes, 228 00:11:21,600 --> 00:11:24,400 Speaker 1: maybe males more heavily weighted in one or another, I 229 00:11:24,480 --> 00:11:26,960 Speaker 1: don't really see its relevant. Yeah, look, it doesn't have 230 00:11:27,040 --> 00:11:29,560 Speaker 1: to be. I mean it says mostly female dominated, it 231 00:11:29,559 --> 00:11:32,800 Speaker 1: doesn't say that it is exclusively women, and I mean 232 00:11:33,040 --> 00:11:36,480 Speaker 1: highly educated, above average income earners. I think there's a 233 00:11:36,520 --> 00:11:38,920 Speaker 1: lot to say for this one around just having a 234 00:11:38,920 --> 00:11:41,560 Speaker 1: little bit of self confidence as well. I feel like 235 00:11:41,600 --> 00:11:44,960 Speaker 1: too many people in our community attribute their success to 236 00:11:45,040 --> 00:11:48,800 Speaker 1: luck instead of their ability and their expertise and their 237 00:11:48,880 --> 00:11:52,040 Speaker 1: education and their ability to make a good decision. And 238 00:11:52,120 --> 00:11:54,040 Speaker 1: I always want to shake them and be like, no, 239 00:11:54,080 --> 00:11:57,000 Speaker 1: it's because you're a cool human, Like you didn't accidentally 240 00:11:57,040 --> 00:11:59,679 Speaker 1: get a good pay rise, you didn't accidentally land a 241 00:11:59,720 --> 00:12:02,240 Speaker 1: great job. I mean, it's one of those things that 242 00:12:02,559 --> 00:12:05,600 Speaker 1: I think that that does play into women more than men, 243 00:12:05,679 --> 00:12:08,160 Speaker 1: because we know when we talk about stats around you 244 00:12:08,160 --> 00:12:10,000 Speaker 1: know whether a man is more likely to go for 245 00:12:10,080 --> 00:12:12,040 Speaker 1: a job than a female, and we know that men 246 00:12:12,080 --> 00:12:14,600 Speaker 1: will as women. I feel like everyone's a little bit 247 00:12:14,640 --> 00:12:17,720 Speaker 1: more cautious and less likely to blow their own horn 248 00:12:17,760 --> 00:12:20,400 Speaker 1: in a way. Yeah, I just feel like sometimes we're 249 00:12:20,440 --> 00:12:23,360 Speaker 1: a little bit too self critical, and that's probably I mean, 250 00:12:23,400 --> 00:12:26,160 Speaker 1: you don't always have to align to absolutely every attribute 251 00:12:26,200 --> 00:12:28,439 Speaker 1: of a personality type correct point. Yeah, Like you know 252 00:12:28,480 --> 00:12:31,080 Speaker 1: when you have like I'm a Kancerian, So sometimes I 253 00:12:31,120 --> 00:12:32,760 Speaker 1: read through stuff and I'm like, oh my gosh, that 254 00:12:32,840 --> 00:12:35,160 Speaker 1: makes so much sense, and then there's like one line 255 00:12:35,200 --> 00:12:37,120 Speaker 1: so I just disregard it. So I'm like, no, no, no, 256 00:12:37,320 --> 00:12:39,840 Speaker 1: I was on board with that, like delete that everything 257 00:12:39,840 --> 00:12:42,319 Speaker 1: about me that makes sense. Yeah. So I'm sure that 258 00:12:42,400 --> 00:12:45,040 Speaker 1: you could align to some of that and go, oh, 259 00:12:45,080 --> 00:12:47,280 Speaker 1: maybe I am a hunter. But I think this whole 260 00:12:47,320 --> 00:12:50,000 Speaker 1: episode Jess is really about just us reflecting on, well, 261 00:12:50,080 --> 00:12:52,600 Speaker 1: what is our money personality? And if you don't align 262 00:12:52,720 --> 00:12:54,920 Speaker 1: to any of these, maybe you pick up little things 263 00:12:54,920 --> 00:12:58,080 Speaker 1: that have articulated the way that you maybe feel about 264 00:12:58,120 --> 00:13:01,560 Speaker 1: money that you haven't thought before. So you might actually 265 00:13:01,679 --> 00:13:05,160 Speaker 1: feel like you're attributing your financial success to luck and 266 00:13:05,559 --> 00:13:08,439 Speaker 1: no one's ever articulated that to you before, and you go, wow, actually, 267 00:13:08,720 --> 00:13:10,640 Speaker 1: I should stop doing that. I should have my own 268 00:13:10,679 --> 00:13:12,720 Speaker 1: back a little bit more. Or maybe if you go 269 00:13:12,840 --> 00:13:15,240 Speaker 1: a little bit earlier into what we're talking about before, 270 00:13:15,280 --> 00:13:18,560 Speaker 1: about the high rollers, maybe you are willing to risk 271 00:13:18,600 --> 00:13:22,000 Speaker 1: your financial security to have a big win or do 272 00:13:22,080 --> 00:13:25,560 Speaker 1: something really different, and that's cool, but it's nice to 273 00:13:25,600 --> 00:13:28,320 Speaker 1: have that articulated and give you that reflection point. I 274 00:13:28,360 --> 00:13:30,960 Speaker 1: think MM hmm, yeah, I agree. It's really interesting to 275 00:13:30,960 --> 00:13:34,199 Speaker 1: see what things kind of trigger little light bulb moments, 276 00:13:34,280 --> 00:13:36,959 Speaker 1: right like listening through, what's the next one that you've 277 00:13:36,960 --> 00:13:39,360 Speaker 1: got d all right, So the next one before we 278 00:13:39,400 --> 00:13:42,880 Speaker 1: go to a quick break is the perfectionists. So these 279 00:13:42,960 --> 00:13:45,760 Speaker 1: guys they're afraid of making a mistake and they often 280 00:13:45,760 --> 00:13:49,760 Speaker 1: avoid decision making all together. They'll consider every single angle 281 00:13:49,840 --> 00:13:53,400 Speaker 1: and then find fault with practically any risky adventure at all, 282 00:13:53,520 --> 00:13:57,160 Speaker 1: and they will find looking for suitable investments really really difficult. 283 00:13:58,160 --> 00:14:02,160 Speaker 1: Do you feel like that resonates fact? I feel like 284 00:14:02,200 --> 00:14:04,520 Speaker 1: that applies to me in life in general. I'm a 285 00:14:04,640 --> 00:14:07,040 Speaker 1: very risk at first person. That's okay, it's not a 286 00:14:07,080 --> 00:14:09,440 Speaker 1: bad thing at all, But I think, yeah, as someone 287 00:14:09,480 --> 00:14:12,240 Speaker 1: who looks big picture, I find it very helpful actually 288 00:14:12,240 --> 00:14:16,240 Speaker 1: in what I do. But I definitely relate to finding 289 00:14:16,360 --> 00:14:18,440 Speaker 1: fault with everything, and it probably comes back to also 290 00:14:18,520 --> 00:14:21,720 Speaker 1: being an anxious girlly the year you kind of go oh, like, 291 00:14:21,760 --> 00:14:24,080 Speaker 1: what are the potential problems in things? And I can 292 00:14:24,120 --> 00:14:26,160 Speaker 1: definitely feel like with investing as well, and that's why 293 00:14:26,200 --> 00:14:29,800 Speaker 1: I prefer like ETFs like I lack that for me 294 00:14:29,840 --> 00:14:31,360 Speaker 1: that feels like it takes a lot of the risk 295 00:14:31,440 --> 00:14:33,320 Speaker 1: off of me. And if I absolutely do want to 296 00:14:33,320 --> 00:14:37,200 Speaker 1: purchase individual shares, I do that knowing, you know, a 297 00:14:37,240 --> 00:14:39,840 Speaker 1: significant amount of risk involved and it's a very small 298 00:14:39,880 --> 00:14:43,360 Speaker 1: allocation within my broader portfolio. So happy that you're saying 299 00:14:43,400 --> 00:14:46,200 Speaker 1: that don't sound really good professional, But like two years 300 00:14:46,240 --> 00:14:48,640 Speaker 1: ago you're like, I've never invested, I'm not sure, and 301 00:14:48,680 --> 00:14:51,400 Speaker 1: like now I know that you've got like your ETFs 302 00:14:51,400 --> 00:14:53,320 Speaker 1: that you really love, and like the other day we 303 00:14:53,320 --> 00:14:55,480 Speaker 1: were talking about what you had on shares's you were 304 00:14:55,520 --> 00:14:57,200 Speaker 1: literally like, oh yeah, and no on chazy if I 305 00:14:57,240 --> 00:14:58,960 Speaker 1: bought this, this and this, because I was just really 306 00:14:58,960 --> 00:15:01,280 Speaker 1: interested in following, so I put some cash behind it. 307 00:15:01,320 --> 00:15:03,080 Speaker 1: And I was like, girl, who are you? Do you 308 00:15:03,200 --> 00:15:06,240 Speaker 1: even see who you have become? You're a queen. I 309 00:15:06,280 --> 00:15:08,880 Speaker 1: love it. I'm very proud and it's all thanks to you. 310 00:15:09,000 --> 00:15:11,960 Speaker 1: I had a meeting dividends literally last year. I know, 311 00:15:12,160 --> 00:15:14,240 Speaker 1: who are you? So exciting? This is very off topic. 312 00:15:14,280 --> 00:15:16,320 Speaker 1: I had a meeting yesterday with just someone else in 313 00:15:16,360 --> 00:15:18,240 Speaker 1: the finance space and they were talking about things that 314 00:15:18,280 --> 00:15:21,160 Speaker 1: were quite technical, and I was like, I understand all 315 00:15:21,200 --> 00:15:25,640 Speaker 1: of this, and I reply back and I'm educated, and 316 00:15:25,640 --> 00:15:27,920 Speaker 1: I was just so proud. They were at a fund's management 317 00:15:28,000 --> 00:15:30,400 Speaker 1: networking event and Jess was like, yeah, okay, well what's 318 00:15:30,400 --> 00:15:32,560 Speaker 1: the diversification on that, and how did you come to 319 00:15:32,600 --> 00:15:35,520 Speaker 1: that conclusion? I was like, I am obsessed with you. No, 320 00:15:35,720 --> 00:15:39,440 Speaker 1: so proud. Going back to perfectionists though, as a money 321 00:15:39,480 --> 00:15:43,440 Speaker 1: personality type, I feel like I really resonate with this, actually, 322 00:15:43,480 --> 00:15:45,920 Speaker 1: which I don't think any of you guys saw coming. 323 00:15:46,280 --> 00:15:49,120 Speaker 1: But the reason I resonate with it is because perfectionism 324 00:15:49,320 --> 00:15:53,440 Speaker 1: is a trait of ADHD, which I do have. And Jess, 325 00:15:53,480 --> 00:15:56,720 Speaker 1: I think you can probably agree that sometimes I'll just 326 00:15:56,760 --> 00:15:59,800 Speaker 1: avoid decision making all together because it feels too overwhelming. 327 00:16:00,000 --> 00:16:02,960 Speaker 1: Analysis paralysis thing. Yeah, and I literally bury my head 328 00:16:02,960 --> 00:16:04,680 Speaker 1: in the sand when you're like, VI, I really need 329 00:16:04,720 --> 00:16:06,560 Speaker 1: you to and I'll be like I'm going to go away. 330 00:16:06,960 --> 00:16:10,200 Speaker 1: I'm running for the hills. No, thank you. Yeah. And 331 00:16:10,240 --> 00:16:13,400 Speaker 1: then I always always always consider every angle and then 332 00:16:13,400 --> 00:16:15,320 Speaker 1: tell you they're all crap. Yeah, and I'll be like, no, 333 00:16:15,440 --> 00:16:17,920 Speaker 1: I don't want to do any of these. I mean, 334 00:16:18,000 --> 00:16:22,520 Speaker 1: I don't find investments difficult, but our neurospicy friends, I 335 00:16:22,560 --> 00:16:24,040 Speaker 1: reckon there are a few of you who are like 336 00:16:24,120 --> 00:16:26,480 Speaker 1: I think that's me, and that would make a lot 337 00:16:26,520 --> 00:16:29,880 Speaker 1: of sense because often when you are a bit neurodivergent, 338 00:16:30,040 --> 00:16:32,720 Speaker 1: you do really resonate with a perfectionist mindset. And I 339 00:16:32,760 --> 00:16:35,040 Speaker 1: just find that really interesting. Oh my gosh, that is 340 00:16:35,080 --> 00:16:37,160 Speaker 1: super interesting. All right, Let's go to a really quick break, 341 00:16:37,160 --> 00:16:38,600 Speaker 1: and when we come back, I want you to tell 342 00:16:38,600 --> 00:16:41,200 Speaker 1: me all about the next four personality types. It don't 343 00:16:41,240 --> 00:16:49,560 Speaker 1: go anywhere. Welcome back everybody. Today we are talking all 344 00:16:49,640 --> 00:16:53,200 Speaker 1: about money personalities, which has been really interesting so far. 345 00:16:53,280 --> 00:16:55,880 Speaker 1: We've gone through five and I'm having little light bulb 346 00:16:55,920 --> 00:16:57,600 Speaker 1: moments here and there of things that I'm going, oh, 347 00:16:57,640 --> 00:16:59,680 Speaker 1: that could be me. That could be me. So maybe 348 00:16:59,680 --> 00:17:02,760 Speaker 1: you have the same experience at home. But Victoria, tell me, 349 00:17:02,840 --> 00:17:05,879 Speaker 1: what have you got coming in as our sixth personality type? 350 00:17:06,080 --> 00:17:08,520 Speaker 1: All right, So coming in at number six are the 351 00:17:08,560 --> 00:17:11,919 Speaker 1: safe players. So safe players are average journals who prefer 352 00:17:12,000 --> 00:17:16,080 Speaker 1: secure investments, relatable love a secure investment. They lack the 353 00:17:16,119 --> 00:17:19,680 Speaker 1: confidence and motivation to take more calculated risks, even though 354 00:17:19,680 --> 00:17:22,760 Speaker 1: they actually might be pretty well educated. They feel they're 355 00:17:22,760 --> 00:17:26,919 Speaker 1: doing fine financially, and repeat investment strategies that seem to 356 00:17:26,960 --> 00:17:29,560 Speaker 1: work for them. So I think that's it sounds like 357 00:17:29,600 --> 00:17:32,160 Speaker 1: to be the definition of playing it safe really doesn't it? Yeah, 358 00:17:32,200 --> 00:17:33,520 Speaker 1: not a bad place to be. And I mean, if 359 00:17:33,560 --> 00:17:35,800 Speaker 1: we compare it to the people who are optimists, it's 360 00:17:35,880 --> 00:17:38,080 Speaker 1: kind of like the step up from an optimist, like 361 00:17:38,320 --> 00:17:41,919 Speaker 1: you're optimistic, but like safe player sounds like a step 362 00:17:41,960 --> 00:17:44,480 Speaker 1: down when you like go an optimist would be like 363 00:17:44,640 --> 00:17:46,959 Speaker 1: super excited about the market, but they're not. They're actually 364 00:17:47,000 --> 00:17:48,800 Speaker 1: just like a bit bury their head in the sand 365 00:17:48,840 --> 00:17:51,560 Speaker 1: and prefer to avoid it because they find it stressful. 366 00:17:51,640 --> 00:17:54,639 Speaker 1: So I'm surprised by these definitions. To be honest, Jess, 367 00:17:54,920 --> 00:17:57,200 Speaker 1: not gonna lie. I think I could do a better job. Haha. 368 00:17:57,760 --> 00:18:00,439 Speaker 1: Maybe that means that we should rewrite them and rename them. 369 00:18:00,280 --> 00:18:03,000 Speaker 1: I'm going to It might not be scientific, but I 370 00:18:03,080 --> 00:18:05,159 Speaker 1: don't even care. Yeah, all right, tell me what have 371 00:18:05,200 --> 00:18:07,440 Speaker 1: you got for number seven? All right? So number seven 372 00:18:07,520 --> 00:18:11,000 Speaker 1: we have achievers. These are the second highest income owners. 373 00:18:11,000 --> 00:18:15,000 Speaker 1: They're usually college graduates and most of them are married. Surprisingly, 374 00:18:15,440 --> 00:18:18,480 Speaker 1: they feel hard work, diligence, and effort will pay off. 375 00:18:18,800 --> 00:18:22,000 Speaker 1: They're really proud of their accomplishments and tend to recoil 376 00:18:22,240 --> 00:18:25,960 Speaker 1: other people handling their money. Protecting their assets is their 377 00:18:26,040 --> 00:18:30,800 Speaker 1: primary consideration. Yeah, interesting, So they are also potentially a 378 00:18:30,880 --> 00:18:33,160 Speaker 1: little bit risk adverse. Would you say because they want 379 00:18:33,160 --> 00:18:36,480 Speaker 1: to protect their assets. I mean, you're not necessarily risk 380 00:18:36,520 --> 00:18:38,879 Speaker 1: adverse if you want to protect your assets. So the 381 00:18:38,960 --> 00:18:41,600 Speaker 1: thing I find really interesting is I would say that 382 00:18:41,840 --> 00:18:44,280 Speaker 1: I want to protect my assets. But if you looked 383 00:18:44,320 --> 00:18:47,840 Speaker 1: at my investment portfolio, I'm a really aggressive investor. And 384 00:18:47,880 --> 00:18:50,920 Speaker 1: to be categorized as an aggressive investor, it means that 385 00:18:51,280 --> 00:18:53,760 Speaker 1: most of your assets are exposed to the market. So 386 00:18:53,800 --> 00:18:57,040 Speaker 1: if you look at my investment portfolio, I actually don't 387 00:18:57,080 --> 00:18:59,359 Speaker 1: carry a lot of cash, Like I'm not sitting on 388 00:18:59,640 --> 00:19:01,960 Speaker 1: a whole heap of cash because that's what makes me 389 00:19:02,000 --> 00:19:04,360 Speaker 1: feel safe. I actually have most of it in shares. 390 00:19:04,720 --> 00:19:06,879 Speaker 1: But then I've said to you before, just especially on 391 00:19:06,920 --> 00:19:10,520 Speaker 1: the show, I'm a conservative, aggressive investor, and that's because 392 00:19:10,640 --> 00:19:14,200 Speaker 1: I pick blue chip stocks like I pick tried, true 393 00:19:14,280 --> 00:19:17,960 Speaker 1: tested assets that I don't feel uncomfortable buying and I 394 00:19:18,040 --> 00:19:20,439 Speaker 1: feel are quite safe, but I have a lot of 395 00:19:20,480 --> 00:19:24,879 Speaker 1: exposure to them. I don't actually want to buy small caps. 396 00:19:24,920 --> 00:19:27,640 Speaker 1: I don't want to buy companies that are really tiny 397 00:19:27,680 --> 00:19:30,480 Speaker 1: and have a lot of risk associated So I want 398 00:19:30,520 --> 00:19:33,560 Speaker 1: to protect my assets, but I also invest a lot, 399 00:19:33,640 --> 00:19:37,200 Speaker 1: and I do definitely cringe at other people handling my money, 400 00:19:37,359 --> 00:19:39,840 Speaker 1: maybe because it was literally my job for the longest 401 00:19:39,880 --> 00:19:42,000 Speaker 1: time to handle other people's and I kind of know 402 00:19:42,040 --> 00:19:44,400 Speaker 1: what I'm doing, so I don't want your advice. Get 403 00:19:44,400 --> 00:19:48,200 Speaker 1: your little mittens off my stuff, stay away. They're pretty 404 00:19:48,200 --> 00:19:51,320 Speaker 1: independent as well. Yeah, And the thing I like though, 405 00:19:51,440 --> 00:19:53,919 Speaker 1: is that they do feel like hard work, diligence, and 406 00:19:54,000 --> 00:19:57,520 Speaker 1: effort will pay off. And to quote duty divine my mother, 407 00:19:57,920 --> 00:20:00,040 Speaker 1: I remember her saying one time, and I think I 408 00:20:00,160 --> 00:20:02,520 Speaker 1: was in VCE, but this is really stuck with me. 409 00:20:02,880 --> 00:20:05,239 Speaker 1: She said, hard work will never betray you. And I 410 00:20:05,280 --> 00:20:08,280 Speaker 1: was like, oh, that's a really good quote, mum, Like 411 00:20:08,320 --> 00:20:11,919 Speaker 1: you're basically like gandhi. Wow. But it's something that I 412 00:20:12,000 --> 00:20:16,200 Speaker 1: always remember, especially when I feel really overwhelmed or really 413 00:20:16,240 --> 00:20:18,919 Speaker 1: like I'm not being successful and I just can't be 414 00:20:18,960 --> 00:20:21,640 Speaker 1: bothered anymore. No, Like if I put it more hard work, 415 00:20:21,680 --> 00:20:23,480 Speaker 1: like it's not going to betray me, like it'll do 416 00:20:23,560 --> 00:20:25,399 Speaker 1: the right thing by me. And I feel like that 417 00:20:25,480 --> 00:20:28,679 Speaker 1: quote sits perfectly in Achievers. Yeah, I really like that. 418 00:20:28,760 --> 00:20:30,639 Speaker 1: I think that line is another one that I of 419 00:20:30,680 --> 00:20:32,679 Speaker 1: everything that we've read so far, that I feel like 420 00:20:32,760 --> 00:20:35,760 Speaker 1: I identify with the most. Is the idea that, like, you 421 00:20:35,840 --> 00:20:38,600 Speaker 1: work really hard and you do whatever, but theoretically you 422 00:20:38,680 --> 00:20:42,000 Speaker 1: do it because you're working towards something else. Yeah, absolutely, 423 00:20:42,280 --> 00:20:46,600 Speaker 1: all right. That leads into number eights, which is money masters. 424 00:20:47,119 --> 00:20:50,360 Speaker 1: I like the idea of this one. So money masters. 425 00:20:50,359 --> 00:20:53,520 Speaker 1: They're the number one wealth accumulators even though they don't 426 00:20:53,560 --> 00:20:56,280 Speaker 1: necessarily earn the most. That's nice. Sounds like the she's 427 00:20:56,320 --> 00:20:59,520 Speaker 1: on the money community. They rank first in the degree 428 00:20:59,600 --> 00:21:01,800 Speaker 1: of design. I had involvement with their money and enjoy 429 00:21:01,840 --> 00:21:05,840 Speaker 1: the participation. They trust the recommendations of others, and they 430 00:21:05,920 --> 00:21:10,560 Speaker 1: act on sound advice. Success through determination is their philosophy. 431 00:21:11,000 --> 00:21:14,080 Speaker 1: This is another one where there's like an undertone of dearing, 432 00:21:14,119 --> 00:21:16,000 Speaker 1: Like you know how we said before there's definitely an 433 00:21:16,160 --> 00:21:19,560 Speaker 1: entrepreneur sounded really like negative. This one sounds really positive, 434 00:21:19,640 --> 00:21:21,360 Speaker 1: Like you read that and you go, oh, I want 435 00:21:21,359 --> 00:21:23,640 Speaker 1: to be a money and even the name money master. Yeah, 436 00:21:23,640 --> 00:21:25,359 Speaker 1: I think it's the she's on the money community. I 437 00:21:25,400 --> 00:21:26,679 Speaker 1: know I'm not meant to be telling you that. I 438 00:21:26,680 --> 00:21:28,000 Speaker 1: was meant to tell you that at the endboo, and 439 00:21:28,040 --> 00:21:30,320 Speaker 1: they have one to go. But I do genuinely think 440 00:21:30,359 --> 00:21:33,959 Speaker 1: that the community are either money masters or they're working 441 00:21:34,000 --> 00:21:37,560 Speaker 1: towards being money masters, because as we know in our community, 442 00:21:37,640 --> 00:21:40,120 Speaker 1: you don't actually have to earn the most to end 443 00:21:40,160 --> 00:21:43,240 Speaker 1: up being financially secure and invest Like, it's not what 444 00:21:43,320 --> 00:21:45,359 Speaker 1: you have, it's what you invest. And it's not like 445 00:21:45,400 --> 00:21:47,399 Speaker 1: about timing the market, it's about time in the market. 446 00:21:47,440 --> 00:21:49,959 Speaker 1: And I think you guys are really intelligent now literally 447 00:21:50,080 --> 00:21:53,480 Speaker 1: been doing this for nearly four years, Jessica, and I 448 00:21:53,600 --> 00:21:55,400 Speaker 1: just feel like everyone's kind of gotten to a point 449 00:21:55,400 --> 00:21:58,720 Speaker 1: where they enjoy the participation and they really want to 450 00:21:58,720 --> 00:22:02,000 Speaker 1: be involved in their portfoit and have decisions, and they 451 00:22:02,000 --> 00:22:05,080 Speaker 1: do trust recommendations of others, but they only act on 452 00:22:05,119 --> 00:22:07,440 Speaker 1: the ones that are sound advice. So like, I want 453 00:22:07,480 --> 00:22:09,080 Speaker 1: to talk to people about money, I want to know 454 00:22:09,080 --> 00:22:11,520 Speaker 1: what ETFs they're investing in, But then I also put 455 00:22:11,560 --> 00:22:14,280 Speaker 1: on my hat of well where did they get that information? 456 00:22:14,640 --> 00:22:17,840 Speaker 1: Is that information that I should be, you know, acting upon, 457 00:22:17,960 --> 00:22:19,960 Speaker 1: or is that just a nice conversation? And I think 458 00:22:19,960 --> 00:22:22,760 Speaker 1: we've gotten to this beautiful place in our community where 459 00:22:22,760 --> 00:22:25,000 Speaker 1: you guys are like, yeah, but where's that information coming from? 460 00:22:25,200 --> 00:22:28,280 Speaker 1: Like is it just interesting or is it actual advice? Yeah, 461 00:22:28,320 --> 00:22:30,919 Speaker 1: which obviously this podcast doesn't give actual advice because that 462 00:22:30,920 --> 00:22:33,840 Speaker 1: would be illegal, But I think it's guiding you down 463 00:22:33,880 --> 00:22:35,880 Speaker 1: the right path because at the end of the day, 464 00:22:36,040 --> 00:22:38,399 Speaker 1: just like I did, work as a financial advisor. So 465 00:22:38,440 --> 00:22:41,480 Speaker 1: we're not just talking smack, you know. Yeah, no, not 466 00:22:41,560 --> 00:22:43,879 Speaker 1: at all. And they enjoying the participation. I think is 467 00:22:43,920 --> 00:22:46,120 Speaker 1: something we've seen a lot this year at our events, 468 00:22:46,200 --> 00:22:50,080 Speaker 1: particularly the book tour, where we were talking just around investing, 469 00:22:50,080 --> 00:22:53,320 Speaker 1: and to see so many people shops so passionate and 470 00:22:53,480 --> 00:22:57,520 Speaker 1: so excited. And I like to think that as much 471 00:22:57,520 --> 00:22:59,800 Speaker 1: as the Money Master it says that they're the number 472 00:22:59,800 --> 00:23:03,159 Speaker 1: one wealth accumulators, I would like to think that in 473 00:23:03,280 --> 00:23:06,760 Speaker 1: order to reach that personality type or that status or whatever, 474 00:23:07,200 --> 00:23:09,960 Speaker 1: it doesn't mean that you need to have done everything 475 00:23:10,000 --> 00:23:13,320 Speaker 1: perfectly or have the most money. Like I genuinely think 476 00:23:13,359 --> 00:23:15,760 Speaker 1: that a lot of people in our community who are 477 00:23:15,960 --> 00:23:18,520 Speaker 1: earlier in their journey probably fit into this personality, which 478 00:23:18,560 --> 00:23:21,399 Speaker 1: is a really special cool thing. Yeah, I love it 479 00:23:21,440 --> 00:23:25,120 Speaker 1: all right. Onto the very last but not least money personality, 480 00:23:25,119 --> 00:23:28,359 Speaker 1: We've got the producers. So they ran high in work 481 00:23:28,359 --> 00:23:31,120 Speaker 1: ethic but lower in earned income due to the lack 482 00:23:31,160 --> 00:23:34,040 Speaker 1: of self confidence in money management skills that they have. 483 00:23:34,560 --> 00:23:37,320 Speaker 1: They work hard, they do desire more, but they do 484 00:23:37,359 --> 00:23:41,120 Speaker 1: feel like they have difficulty getting ahead financially. Financial investment 485 00:23:41,240 --> 00:23:45,159 Speaker 1: education would help these guys. Yeah, that's interesting, isn't it, 486 00:23:45,200 --> 00:23:47,520 Speaker 1: because I think that's maybe a starting point for a 487 00:23:47,560 --> 00:23:48,920 Speaker 1: lot of people. I feel like that's where I was 488 00:23:49,000 --> 00:23:52,840 Speaker 1: a few years ago. Oh I can see that. Yeah, 489 00:23:53,080 --> 00:23:55,880 Speaker 1: I especially in my early twenties, I worked really hard. 490 00:23:55,880 --> 00:23:58,119 Speaker 1: I didn't earn great money, but not pinny people do 491 00:23:58,119 --> 00:24:00,679 Speaker 1: when they're young, and I like I had a lot 492 00:24:00,720 --> 00:24:03,719 Speaker 1: of debt, I didn't invest I wanted more money. I 493 00:24:03,760 --> 00:24:06,720 Speaker 1: think people always. Growth has been wild. It has been 494 00:24:06,760 --> 00:24:09,720 Speaker 1: a privilege to see. Honestly, I love it. But for 495 00:24:09,800 --> 00:24:11,520 Speaker 1: those of you who might not have followed She's on 496 00:24:11,520 --> 00:24:13,320 Speaker 1: the Money as long as Jessica has worked here because 497 00:24:13,320 --> 00:24:16,639 Speaker 1: it's been a while now, Sorry jess But jess actually 498 00:24:16,640 --> 00:24:19,760 Speaker 1: came from the community and like got out of debt 499 00:24:19,800 --> 00:24:22,480 Speaker 1: because of the podcast and then kind of grew into 500 00:24:22,520 --> 00:24:24,600 Speaker 1: this role. And I just think it's so special that 501 00:24:25,160 --> 00:24:28,000 Speaker 1: you don't just you know, work at Shees on the Money. 502 00:24:28,160 --> 00:24:30,840 Speaker 1: You were the community. You are the community, like you 503 00:24:30,920 --> 00:24:33,199 Speaker 1: were our target audience, and then you were our target 504 00:24:33,280 --> 00:24:35,080 Speaker 1: audience when we were recruiting as well, and it just 505 00:24:35,160 --> 00:24:38,600 Speaker 1: all worked out really well for me, honestly. So honestly, 506 00:24:38,640 --> 00:24:41,520 Speaker 1: it's so fun. So, jess what personality do you think 507 00:24:41,520 --> 00:24:43,720 Speaker 1: you would put yourself in the bucket of? It's so 508 00:24:43,880 --> 00:24:46,040 Speaker 1: hard because, like we kind of said at the start, 509 00:24:46,119 --> 00:24:49,479 Speaker 1: I see myself in a couple of them. You can 510 00:24:49,520 --> 00:24:52,160 Speaker 1: be a couple. I'll let you pick two. I feel 511 00:24:52,200 --> 00:24:55,919 Speaker 1: like I lean most into the perfectionist and the achiever, 512 00:24:56,040 --> 00:24:57,760 Speaker 1: and I feel like it's a hybrid of both. Like 513 00:24:57,800 --> 00:25:00,480 Speaker 1: I am very likely said risk adverse, and I am 514 00:25:01,080 --> 00:25:03,480 Speaker 1: just as a general human, a bit of a perfectionist, 515 00:25:03,920 --> 00:25:07,560 Speaker 1: and so I totally relate to considering every angle and 516 00:25:07,600 --> 00:25:10,040 Speaker 1: every outcome and wanting to be really sure with the 517 00:25:10,119 --> 00:25:14,000 Speaker 1: choices that you make. But then in the achievers, I 518 00:25:14,040 --> 00:25:16,679 Speaker 1: have a very similar ethos. I think of like, I 519 00:25:16,720 --> 00:25:19,280 Speaker 1: believe in hard work. I believe that if you want 520 00:25:19,280 --> 00:25:21,040 Speaker 1: something and you work hard enough, there's a way to 521 00:25:21,040 --> 00:25:23,080 Speaker 1: find that and a way to make that happen. And 522 00:25:23,119 --> 00:25:25,320 Speaker 1: I know that that is a bit of a privileged statement, 523 00:25:25,440 --> 00:25:29,280 Speaker 1: but I do believe in the value of pursuing things 524 00:25:29,320 --> 00:25:32,160 Speaker 1: diligently and working at them and beating your head against 525 00:25:32,200 --> 00:25:34,240 Speaker 1: the walls sometimes until you kind of figure out a 526 00:25:34,240 --> 00:25:36,280 Speaker 1: way to get the outcome that you want. So if 527 00:25:36,280 --> 00:25:38,920 Speaker 1: I could mash those two together and be the perchiever, 528 00:25:39,320 --> 00:25:42,720 Speaker 1: that would be me the perchiever pachiever, Jessica the perchiever. 529 00:25:43,160 --> 00:25:46,399 Speaker 1: I like that. How about you? Where we to categorize yourself? See, 530 00:25:46,440 --> 00:25:48,520 Speaker 1: this is where I'm going to tell you there's actually 531 00:25:48,520 --> 00:25:50,439 Speaker 1: a quiz you can do to work out which bucket 532 00:25:50,440 --> 00:25:52,840 Speaker 1: you fool into, so you don't actually just have to 533 00:25:52,840 --> 00:25:54,920 Speaker 1: listen to this podcast and play a guessing game. There 534 00:25:54,960 --> 00:25:56,680 Speaker 1: is going to be a link in the show notes. 535 00:25:56,920 --> 00:25:59,679 Speaker 1: And I came out as an achiever, so I know 536 00:26:00,119 --> 00:26:02,359 Speaker 1: that that is me just looking at it. But even 537 00:26:02,400 --> 00:26:04,679 Speaker 1: when I did the survey, it like comes out with 538 00:26:04,840 --> 00:26:06,720 Speaker 1: who you are and what that means, and then it 539 00:26:06,760 --> 00:26:09,520 Speaker 1: gives you a whole heap more information based on the 540 00:26:09,560 --> 00:26:11,960 Speaker 1: way you answered the questions of how it might work 541 00:26:12,000 --> 00:26:13,879 Speaker 1: for you. So it's free. We'll put the link in 542 00:26:13,920 --> 00:26:15,719 Speaker 1: the show notes. But maybe jess you can now go 543 00:26:15,800 --> 00:26:18,080 Speaker 1: do that and instead of guessing and becoming a pachiever, 544 00:26:18,320 --> 00:26:21,119 Speaker 1: maybe you could be one on the other. Oh my gosh, 545 00:26:21,119 --> 00:26:23,520 Speaker 1: that's so funny. What a cool, fun little episode. I 546 00:26:23,560 --> 00:26:25,040 Speaker 1: hope people enjoy this. I know it was a little 547 00:26:25,040 --> 00:26:27,600 Speaker 1: fluffier than normal, but I don't care. You guys it 548 00:26:27,680 --> 00:26:30,280 Speaker 1: guys to serve a fluffy, fun episode because we're going 549 00:26:30,320 --> 00:26:33,520 Speaker 1: to be really deep into investment content this year, so 550 00:26:33,920 --> 00:26:36,560 Speaker 1: hold your horses. Yeah, one hundred percent. So I hope 551 00:26:36,560 --> 00:26:38,760 Speaker 1: that you guys enjoyed. Thank you so much for listening. 552 00:26:39,040 --> 00:26:40,840 Speaker 1: Go to the Facebook group because we'll put a thread 553 00:26:40,920 --> 00:26:43,280 Speaker 1: up to to day. Yeah, go and tell us which 554 00:26:43,320 --> 00:26:46,480 Speaker 1: money personality you fall into, because we're super duper curious. 555 00:26:46,800 --> 00:26:48,520 Speaker 1: But I think it's time for us to roll out bed, 556 00:26:48,680 --> 00:26:55,880 Speaker 1: all right, see you next week, guys, Big good bye? 557 00:26:57,880 --> 00:27:00,560 Speaker 1: Did buy shared on Cheese? On the Money general in 558 00:27:00,640 --> 00:27:04,439 Speaker 1: nature and does not consider your individual circumstances. She's on 559 00:27:04,480 --> 00:27:08,000 Speaker 1: the Money exists purely for educational purposes and should not 560 00:27:08,040 --> 00:27:11,040 Speaker 1: be relied upon to make an investment or financial decision. 561 00:27:11,400 --> 00:27:13,840 Speaker 1: If you do choose to buy a financial product, read 562 00:27:13,880 --> 00:27:18,040 Speaker 1: the PDS TMD and obtain appropriate financial advice tailored towards 563 00:27:18,040 --> 00:27:21,320 Speaker 1: your needs. Victoria Divine and She's on the Money are 564 00:27:21,400 --> 00:27:26,400 Speaker 1: authorized representatives of Money SHERPA pty Ltd ABN three two 565 00:27:26,440 --> 00:27:30,400 Speaker 1: one six four nine two seven seven zero eight AFSL 566 00:27:30,520 --> 00:27:34,760 Speaker 1: four five, one two eight nine