Speaker 1: Hello.
Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
Speaker 2: Order Kerney Whoalbury and a waddery woman. And before we
Speaker 2: get started on She's on the Money podcast, I would
Speaker 2: like to acknowledge the traditional custodians of the land of
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
Speaker 2: the elders, the ancestors and the next generation coming through
Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
Speaker 2: the storytelling of you to make a difference for today
Speaker 2: and lasting impact for tomorrow.
Speaker 1: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 4: Hello, and welcome to She's the Podcast Millennials who Want
Speaker 4: Financial Freedom. My name is Jessica Ricky, and today with me,
Speaker 4: I have finance expert Victoria Devine.
Speaker 1: Hello, mis jess Grichi Hello, Hello.
Speaker 5: How you still can't get your name right, can you? Jessica,
Speaker 5: You're going to talk about personality today. I'm very excited
Speaker 5: about this episode because I feel like so many times
Speaker 5: we talk about risk and stuff and it's like not
Speaker 5: nearly a sexy as stereotype.
Speaker 4: Yes, strap in, it's going to be a fun one,
Speaker 4: but we're all kind of self reflecting, I think coming
Speaker 4: up to the new year, and over the past decade
Speaker 4: or so, there has been a real boom of money personalities,
Speaker 4: BuzzFeed quizzes, books and courses and websites, And it makes
Speaker 4: a lot of sense because obviously it's totally essential that
Speaker 4: we have a deep understanding of our attitudes towards money
Speaker 4: and investing, as well as the emotions that hide behind
Speaker 4: the decisions that we're making around money.
Speaker 1: Obviously very important or also important.
Speaker 5: Which Disney Princess am I my favorite BuzzFeed quiz?
Speaker 1: Which one did you come out as?
Speaker 5: I think I got Cinderella? Yeah, I got Bell, So
Speaker 5: this is not surprising. Also, that's what we did over
Speaker 5: our Christmas period. If you guys want to know if
Speaker 5: we switched off, obviously we did. But I'm excited to
Speaker 5: talk about this because obviously at this point of the year,
Speaker 5: as you were saying, Jess, like we're being reflective. But
Speaker 5: at this particular point of the year, I feel like
Speaker 5: we're over the Christmas stuff, We've gotten through getting back
Speaker 5: to work, and now we're really like what is going
Speaker 5: on with our lives? So now is a great time
Speaker 5: to I guess talk about different money personalities and one
Speaker 5: that you might resonate with, because it's not actually that
Speaker 5: exciting to talk about risk profile. Really important to talk
Speaker 5: about risk profiles and understand them, but sometimes it's kind
Speaker 5: of like, well, what do I actually align with? What
Speaker 5: might my money story be guiding me down the path?
Speaker 1: Too?
Speaker 5: And I wrote about this in my first book, and
Speaker 5: I think I summarized it a little in my second,
Speaker 5: because I do think it's important to even just reflect
Speaker 5: on these things and be like, well, why would I
Speaker 5: fit in that personality type? So we're going to go
Speaker 5: through all of them today. And this isn't just Jess
Speaker 5: and I'm making up like star sign content. I promise
Speaker 5: you this has actually come from real research. So all
Speaker 5: of this has come from doctor Kathleen Gurney, who is
Speaker 5: a financial psychology pioneer, you would say, and she found
Speaker 5: that investors fit into one of nine different personality types.
Speaker 5: So today we're going to go over those nine personality types.
Speaker 1: And do you want to kick it off, Joci. I'm
Speaker 1: excited to learn which one I am.
Speaker 5: Do you reckon At the end of the episode, we
Speaker 5: like identify which one we are, and then we'll do
Speaker 5: a thread in the Facebook props because I want to
Speaker 5: know what everybody else is and what they most resonate
Speaker 5: with or I'm not going to ask you now, but
Speaker 5: I want to know what you think most of the
Speaker 5: shees on the money community are as well. Okay, there's
Speaker 5: one that I think most people will fall into.
Speaker 1: The bucket off.
Speaker 4: Oh I'm interested, all right, kick it off. Tell me
Speaker 4: what is the first one?
Speaker 1: All right?
Speaker 5: So the first money personality, Gurnie outlines it's called a
Speaker 5: high roll them.
Speaker 1: It's Jessic Gouchies.
Speaker 5: So these guys, they are thrill seekers who enjoy financial risk,
Speaker 5: Not you are. I for them, money brings instant power
Speaker 5: and recognition. They're creative, they're extroverted and arguably very competitive.
Speaker 5: And can they prefer to risk their assets rather than
Speaker 5: be bored by financial security?
Speaker 1: Definitely?
Speaker 5: Not me, Definitely, not anyone in the She's on the
Speaker 5: money community.
Speaker 4: So kind of like a Samantha from Sex and the City. Oh,
Speaker 4: she likes risk, but I feel like it's a different
Speaker 4: type of risk. Jess Yeah, you're not wrong.
Speaker 5: I don't think her financial literacy was up there in
Speaker 5: the show. Hopefully it's improved since then. If not, she
Speaker 5: can slide into my DM we can have a chat. Yeah,
Speaker 5: but I feel like this is less likely to be
Speaker 5: someone in the she's on the money community. Not because
Speaker 5: risk taking is bad. Risk taking is something that I
Speaker 5: align with, to be honest. It's just that I would
Speaker 5: not take a risk that would compromise my financial security, Like,
Speaker 5: it's just not an option to me. I just don't
Speaker 5: want to do that. And the idea that you would
Speaker 5: prefer to risk your assets then be bored by financial security.
Speaker 4: Like no, sorry, because yeah, as you said, risk taking
Speaker 4: inherently isn't a bad thing, and there are a lot
Speaker 4: of people who do her on the side of riskier
Speaker 4: risk profiles. I guess on money Diaries late last year,
Speaker 4: we spoke to a diarist who sold their entire house
Speaker 4: to start a business and like, that obviously was a
Speaker 4: really big risk with a lot of return, but like
Speaker 4: really big risk.
Speaker 1: I couldn't do it, but they did. So maybe they're
Speaker 1: a high.
Speaker 4: Roller, maybe, But I don't think that that choice was
Speaker 4: made because they were bored by the thought of being
Speaker 4: secure financially.
Speaker 1: No, but like bored with the status quo. Maybe true, true, true, true.
Speaker 5: So the second money personality is called an optimist, And
Speaker 5: for optimists, money brings them a sense of peace of mind.
Speaker 5: They're far more interested in enjoying it than making it grow.
Speaker 5: They're not highly involved with their money, their taxes, their investments,
Speaker 5: mainly because they find it too stressful.
Speaker 1: So they're always.
Speaker 5: It'll happen one day, it'll be fine. I don't need
Speaker 5: to worry about it at all right now. And they're
Speaker 5: kind of just maybe the type of people from my perspective,
Speaker 5: who just live paycheck to paycheck but are super happy
Speaker 5: with that, and they're not interested in engaging with an
Speaker 5: investment journey. I don't know if that's because they're not
Speaker 5: interested or educated in it, but the idea that they
Speaker 5: just find it too stressful. I'm like, it's not stressful.
Speaker 5: I promise it's fine.
Speaker 1: We can make it easy. Yeah.
Speaker 4: Maybe the kind of person who's had some kind of
Speaker 4: financial trauma in their past. Yeah, potentially, and that's what's
Speaker 4: triggering off those feelings of stress and anxiety as well,
Speaker 4: might fall into that basket.
Speaker 1: Absolutely.
Speaker 5: And I think optimists are what our community were before
Speaker 5: they came here. Yeah, right, Like so many people say
Speaker 5: that to us. They're like, oh my gosh, money used
Speaker 5: to give me mad anxiety or burying my head in
Speaker 5: the sand. I wouldn't do anything because money personalities aren't set.
Speaker 5: They are actually quite fluid, and they're based on your education,
Speaker 5: your background, your history, your money story, and obviously if
Speaker 5: you're someone who was an optimist and you're like, I'm
Speaker 5: not going to focus on any of these because it's
Speaker 5: too stressful. But then you learn more about it and
Speaker 5: really reflect on your money story and understand where you've
Speaker 5: come from, where you want to go, like.
Speaker 1: You can move out of that.
Speaker 5: I don't think it's a bad thing, though, because if
Speaker 5: you're happy, are we really the ones to say that
Speaker 5: you're doing the wrong thing? No?
Speaker 4: And I think none of these I would assume personalities
Speaker 4: are bad things, right, Like No, it's just you know,
Speaker 4: you fall into one, and maybe that helps you identify
Speaker 4: your strength and your weaknesses because every category, like every
Speaker 4: person is going to have them agreed. And I think
Speaker 4: it's a bit like star signs, right, So, like I
Speaker 4: would love to think that I'm a big star signce person,
Speaker 4: but it's kind of like I'm also a very technical,
Speaker 4: scientific person. So I love star signs because I just
Speaker 4: love the dramma of it, the fact like, I love
Speaker 4: the fun I love reading them in the newspaper. I love,
Speaker 4: you know, aligning to something and being like, oh my god,
Speaker 4: that's me.
Speaker 1: Haha.
Speaker 5: I think we all like content that reflects us, right,
Speaker 5: Like if I sat you down and said, yes, this
Speaker 5: is you, you'd be like, oh my god. It totally
Speaker 5: is like, we as humans like stability, we like consistency,
Speaker 5: and we really like knowing where we're going. So if
Speaker 5: I say this is you, You're like, oh my gosh,
Speaker 5: I feel in control. So it's something that as humans
Speaker 5: we actually gravitate towards stereotypes, which is why they're so
Speaker 5: easy to make. And while these aren't stereotypes, I feel
Speaker 5: like it's kind of similar in a way.
Speaker 1: Yeah, for sure, what have you got for option number three?
Speaker 2: Right?
Speaker 5: So money Personality number three is entrepreneurs. So these guys
Speaker 5: are high income owners who enjoy the power and prestige
Speaker 5: of money. They are mostly male dominated. They're driven by
Speaker 5: a passion for excellence and achievement, and investing in the
Speaker 5: share market is their favorite strategy. So I mean, I
Speaker 5: don't really like that it's male dominated.
Speaker 4: Interesting that the name that was given to it was
Speaker 4: entrepreneur because I feel like, especially in our community, so
Speaker 4: many people are entrepreneurs. You're an entrepreneur, I would argue
Speaker 4: on some level, so am I. And we're both women,
Speaker 4: so I find it interesting that that was the name
Speaker 4: that she chose to give to it, even though it's
Speaker 4: like mostly male dominated.
Speaker 5: From my perspective. And I've just googled the definition, Jess. Entrepreneur.
Speaker 5: The Dictionary definition is a person who sets up a
Speaker 5: business or business says, taking on financial risks in the
Speaker 5: hope of profit. I don't know if i'd call it entrepreneur.
Speaker 5: Maybe there's a secondary definition to entrepreneur where you're kind
Speaker 5: of like finding different opportunities. You might be a full
Speaker 5: time salary and wayjourner, but you're not, you know, out
Speaker 5: in your own with your own business. And I would
Speaker 5: argue that going into the share market is definitely finding
Speaker 5: your own opportunity and working towards financial freedom.
Speaker 1: So I kind of get it, Jess.
Speaker 5: It's also a little bit stereotypical, and something I probably
Speaker 5: should have pointed out earlier is that Kathleen Gurney has
Speaker 5: been around for a while, so there actually isn't a
Speaker 5: lot of recent research into money personalities. This research originally
Speaker 5: appeared in nineteen eighty eight. And I think that that
Speaker 5: is a little bit reflective of this idea that it's
Speaker 5: male dominated, because I would assume that a lot of
Speaker 5: people in the shees on the money community would resonate
Speaker 5: a bit with that. But did you pick up on
Speaker 5: the underlying vibe. It's kind of like an egotistical vibe,
Speaker 5: where it's like high income owners who enjoy the power
Speaker 5: and prestige of money.
Speaker 4: Yeah, it seems very like fight it's pro Yeah, Whereas
Speaker 4: I would say that I definitely do, but I wouldn't
Speaker 4: want it phrased that way.
Speaker 1: I'd be like, yeah, I love.
Speaker 5: The opportunity that money can bring, and I obviously would
Speaker 5: love to make more of it. And I would say
Speaker 5: that I am definitely driven by a passion for excellence.
Speaker 4: I nearly said to you, I do you fall into
Speaker 4: this category? Because why didn't you? Is it because it
Speaker 4: just sounded because itself involved? Yeah, and because of the
Speaker 4: male dominated thing as well. I think it the whole
Speaker 4: thing when you read it out, had a slight negative
Speaker 4: tone to it, or at least that's how I was
Speaker 4: interpreting it. We should make up our own Yeah, I
Speaker 4: think we should make up or rewrite them.
Speaker 2: All.
Speaker 5: Right, Well, let's move on to the next one, because
Speaker 5: otherwise I'm going to get too savage on entrepreneurs.
Speaker 1: Just the next one is hunters.
Speaker 5: So hunters are known as highly educated, above average income
Speaker 5: earners who tend to spend and invest impulsively. So they
Speaker 5: are mostly female dominated stereotype, and they attribute financial success
Speaker 5: more to luck than ability and judgment.
Speaker 4: I would be really interested to know how she put
Speaker 4: these together with the gender thing, because right that list
Speaker 4: that you just read again, I was like, Oh, I
Speaker 4: could almost see you fitting into that in a way.
Speaker 1: You think I'm an impulsive spender.
Speaker 5: I think you're impulsive in general. What did we call
Speaker 5: that the other day? Like last year you started calling
Speaker 5: me neuro's by sea heroes. I see reading through back
Speaker 5: though you definitely don't attribute your success to luck. I
Speaker 5: really wonder that nothing about those attributes that are listed
Speaker 5: make me think, oh, it would be inherently male or female.
Speaker 5: Like I kind of thought that the whole purpose of
Speaker 5: this was so that people could break it down based
Speaker 5: on their personality. And while yes, maybe males more heavily
Speaker 5: weighted in one or another, I don't really.
Speaker 1: See its relevance. Yeah, look, it doesn't have to be.
Speaker 5: I mean it says mostly female dominated, it doesn't say
Speaker 5: that it is exclusively women, and I mean highly educated,
Speaker 5: above average income earners. I think there's a lot to
Speaker 5: say for this one around just having a little bit
Speaker 5: of self confidence as well. I feel like too many
Speaker 5: people in our community attribute their success to luck instead
Speaker 5: of their ability and their expertise and their education and
Speaker 5: their ability to make a good decision. And I always
Speaker 5: want to shake them and be like, no, it's because
Speaker 5: you're a cool human, Like you didn't accidentally get a
Speaker 5: good pay rise, you didn't accidentally land a great job.
Speaker 5: I mean, it's one of those things that I think
Speaker 5: that that does play into women more than men, because
Speaker 5: we know when we talk about stats around you know
Speaker 5: whether a man is more likely to go for a
Speaker 5: job than a female, and we know that men will
Speaker 5: as women. I feel like everyone's a little bit more
Speaker 5: cautious and less likely to blow their own horn in
Speaker 5: a way. Yeah, I just feel like sometimes we're a
Speaker 5: little bit too self critical, and that's probably I mean,
Speaker 5: you don't always have to align to absolutely every attribute
Speaker 5: of a personality.
Speaker 1: Type correct point.
Speaker 5: Yeah, Like you know when you have, Like I'm a Kancerian,
Speaker 5: so sometimes I read through stuff and I'm like, oh
Speaker 5: my gosh, that makes so much sense, and then there's
Speaker 5: like one line so I just disregard it. So I'm like, no, no, no,
Speaker 5: I was on board with that, like delete that everything
Speaker 5: about me that makes sense. Yeah, So I'm sure that
Speaker 5: you could align to some of that and go, oh,
Speaker 5: maybe I am a hunter. But I think this whole episode,
Speaker 5: Jess is really about just us reflecting on, well, what
Speaker 5: is our money personality? And if you don't align to
Speaker 5: any of these, maybe you pick up little things that
Speaker 5: have articulated the way that you maybe feel about money
Speaker 5: that you haven't thought before. So you might actually feel
Speaker 5: like you're attributing your financial success to luck and no
Speaker 5: one's ever articulated that to you before.
Speaker 1: And you go, wow, actually, I should stop doing that.
Speaker 1: I should have my own back a little bit more.
Speaker 5: Or maybe if you go a little bit earlier into
Speaker 5: what we're talking about before, about the high rollers, maybe
Speaker 5: you are willing to risk your financial security to have
Speaker 5: a big win or do something really different, and that's cool,
Speaker 5: but it's nice to have that articulated and give you
Speaker 5: that reflection point.
Speaker 1: I think mm hmm, yeah, I agree.
Speaker 4: It's really interesting to see what things kind of trigger
Speaker 4: little light bulb moments, right like listening through, what's the
Speaker 4: next one that you've got the d all right, so
Speaker 4: the next one before we go to a quick break
Speaker 4: is the perfectionists.
Speaker 5: So these guys they're afraid of making a mistake, and
Speaker 5: they often avoid decision making all together. They'll consider every
Speaker 5: single angle and then find fault with practically any risky
Speaker 5: adventure at all, and they will find looking for suitable
Speaker 5: investments really really difficult.
Speaker 1: Do you feel like that resonates fact?
Speaker 4: I feel like that applies to me in life in general.
Speaker 4: I'm a very risk at first person. That's okay, it's
Speaker 4: not a bad thing at all, But I think, yeah,
Speaker 4: as someone who looks big picture, I find it very
Speaker 4: helpful actually in what I do. But I definitely relate
Speaker 4: to finding fault with everything, and it probably comes back
Speaker 4: to also being an anxious girlly the year you kind
Speaker 4: of go oh, like, what are the potential problems in things?
Speaker 4: And I can definitely feel like with investing as well,
Speaker 4: And that's why I prefer like ETFs like I lack
Speaker 4: that for me that feels like it takes a lot
Speaker 4: of the risk off of me.
Speaker 1: And if I absolutely do want.
Speaker 4: To purchase individual shares, I do that knowing, you know,
Speaker 4: a significant amount of risk involved and it's a very
Speaker 4: small allocation within my broader portfolio.
Speaker 5: So happy that you're saying that don't sound really good professional,
Speaker 5: But like two years ago you're like, I've never invested,
Speaker 5: I'm not sure, and like now I know that you've
Speaker 5: got like your ETFs that you really love and like
Speaker 5: the other day we were talking about what you had
Speaker 5: on shares's you were literally like, oh yeah, and no
Speaker 5: on chazy if I bought this, this and this, because
Speaker 5: I was just really interested in following, so I put
Speaker 5: some cash behind it. And I was like, girl, who
Speaker 5: are you? Do you even see who you have become?
Speaker 1: You're a queen. I love it.
Speaker 5: I'm very proud and it's all thanks to you. I
Speaker 5: had a meeting dividends literally last year.
Speaker 1: I know, who are you? So exciting? This is very
Speaker 1: off topic.
Speaker 4: I had a meeting yesterday with just someone else in
Speaker 4: the finance space and they were talking about things that
Speaker 4: were quite technical, and I was like, I understand all
Speaker 4: of this, and I reply back and I'm educated, and
Speaker 4: I was just so proud.
Speaker 5: They were at a fund's management networking event and Jess was like, yeah, okay,
Speaker 5: well what's the diversification on that, and how did you
Speaker 5: come to that conclusion?
Speaker 1: I was like, I am obsessed with you. No, so proud.
Speaker 5: Going back to perfectionists though as a money personality type,
Speaker 5: I feel like I really resonate with this actually, which
Speaker 5: I don't think any of you guys saw coming. But
Speaker 5: the reason I resonate with it is because perfectionism is
Speaker 5: a trait of ADHD, which I do have. And Jess,
Speaker 5: I think you can probably agree that sometimes I'll just
Speaker 5: avoid decision making all together because it feels too overwhelming.
Speaker 1: Analysis paralysis thing.
Speaker 5: Yeah, and I literally bury my head in the sand
Speaker 5: when you're like, VI, I really need you to and
Speaker 5: I'll be like.
Speaker 1: I'm going to go away. I'm running for the hills. No,
Speaker 1: thank you.
Speaker 4: Yeah.
Speaker 5: And then I always always always consider every angle and
Speaker 5: then tell you they're all crap.
Speaker 1: Yeah, and I'll be like, no, I don't want to
Speaker 1: do any of these.
Speaker 5: I mean, I don't find investments difficult, but our neurospicy
Speaker 5: friends I reckon. There are a few of you who
Speaker 5: are like I think that's me, and that would make
Speaker 5: a lot of sense because often when you are a
Speaker 5: bit neurodivergent, you do really resonate with a perfectionist mindset.
Speaker 5: And I just find that really interesting. Oh my gosh,
Speaker 5: that is super interesting.
Speaker 4: All right, Let's go to a really quick break, and
Speaker 4: when we come back, I want you to tell me
Speaker 4: all about the next four personality types.
Speaker 1: It don't go anywhere. Welcome back everybody.
Speaker 4: Today we are talking all about money personalities, which has
Speaker 4: been really interesting so far. We've gone through five and
Speaker 4: I'm having little light bulb moments here and there of
Speaker 4: things that I'm going, oh, that could be me.
Speaker 1: That could be me.
Speaker 4: So maybe you have the same experience at home. But Victoria,
Speaker 4: tell me, what have you got coming in as our
Speaker 4: sixth personality type?
Speaker 1: All right?
Speaker 5: So coming in at number six are the safe players.
Speaker 5: So safe players are average journals who prefer secure investments,
Speaker 5: relatable love a secure investment. They lack the confidence and
Speaker 5: motivation to take more calculated risks, even though they actually
Speaker 5: might be pretty well educated. They feel they're doing fine financially,
Speaker 5: and repeat investment strategies that seem to work for them.
Speaker 4: So I think that's it sounds like to be the
Speaker 4: definition of playing it safe.
Speaker 1: Really doesn't that?
Speaker 5: Yeah, not a bad place to be. And I mean,
Speaker 5: if we compare it to the people who are optimists,
Speaker 5: it's kind of like the step up from an optimist,
Speaker 5: like you're optimistic, but like safe player sounds like a
Speaker 5: step down when you like go an optimist would be
Speaker 5: like super excited about the market, but they're not. They're
Speaker 5: actually just like a bit bury their head in the
Speaker 5: sand and prefer to avoid it because they find it stressful.
Speaker 5: So I'm surprised by these definitions. To be honest, Jess,
Speaker 5: not gonna lie. I think I could do a better job.
Speaker 4: Haha. Maybe that means that we should rewrite them and
Speaker 4: rename them.
Speaker 5: I'm going to It might not be scientific, but I
Speaker 5: don't even care.
Speaker 1: Yeah, all right, tell me what have you got for
Speaker 1: number seven? All right?
Speaker 5: So number seven? We have achievers. These are the second
Speaker 5: highest income owners. They're usually college graduates and most of
Speaker 5: them are married. Surprisingly, they feel hard work, diligence, and
Speaker 5: effort will pay off. They're really proud of their accomplishments
Speaker 5: and tend to recoil other people handling their money. Protecting
Speaker 5: their assets is their primary consideration.
Speaker 4: Yeah, interesting, So they are also potentially a little bit
Speaker 4: risk adverse. Would you say because they want to protect
Speaker 4: their assets.
Speaker 5: I mean, you're not necessarily risk adverse if you want
Speaker 5: to protect your assets. So the thing I find really
Speaker 5: interesting is I would say that I want to protect
Speaker 5: my assets. But if you looked at my investment portfolio,
Speaker 5: I'm a really aggressive investor. And to be categorized as
Speaker 5: an aggressive investor, it means that most of your assets
Speaker 5: are exposed to the market. So if you look at
Speaker 5: my investment portfolio, I actually don't carry a lot of cash,
Speaker 5: Like I'm not sitting on a whole heap of cash
Speaker 5: because that's what makes me feel safe. I actually have
Speaker 5: most of it in shares. But then I've said to
Speaker 5: you before, just especially on the show, I'm a conservative,
Speaker 5: aggressive investor, and that's because I pick blue chip stocks
Speaker 5: like I pick tried, true tested assets that I don't
Speaker 5: feel uncomfortable buying and I feel are quite safe, but
Speaker 5: I have a lot of exposure to them. I don't
Speaker 5: actually want to buy small caps. I don't want to
Speaker 5: buy companies that are really tiny and have a lot
Speaker 5: of risk associated. So I want to protect my assets,
Speaker 5: but I also invest a lot, and I do definitely
Speaker 5: cringe at other people handling my money, maybe because it
Speaker 5: was literally my job for the longest time to handle
Speaker 5: other people's and I kind of know what I'm doing,
Speaker 5: so I don't want your advice.
Speaker 1: Get your little mittens off.
Speaker 4: My stuff, stay away. They're pretty independent as well.
Speaker 5: Yeah, And the thing I like, though, is that they
Speaker 5: do feel like hard work, diligence, and effort will pay off.
Speaker 5: And to quote duty divine my mother, I remember her
Speaker 5: saying one time, and I think I was in VCE,
Speaker 5: but this is really stuck with me. She said, hard
Speaker 5: work will never betray you. And I was like, oh,
Speaker 5: that's a really good quote, mum, Like you're basically like gandhi.
Speaker 1: Wow.
Speaker 5: But it's something that I always remember, especially when I
Speaker 5: feel really overwhelmed or really like I'm not being successful
Speaker 5: and I just can't be bothered anymore. No, Like if
Speaker 5: I put it more hard work, like it's not going
Speaker 5: to betray me, like it'll do the right thing by me.
Speaker 5: And I feel like that quote sits perfectly in achievers.
Speaker 1: Yeah, I really like that.
Speaker 4: I think that line is another one that I of
Speaker 4: everything that we've read so far, that I feel like
Speaker 4: I identify with the most is the idea that, like, you
Speaker 4: work really hard and you do whatever, but theoretically you
Speaker 4: do it because you're working towards something else.
Speaker 1: Yeah, absolutely, all right.
Speaker 5: That leads into number eights, which is money masters.
Speaker 1: I like the idea of this one. So money masters.
Speaker 5: They're the number one wealth accumulators even though they don't.
Speaker 1: Necessarily earn the most. That's nice. Sounds like the she's
Speaker 1: on the money community.
Speaker 5: They rank first in the degree of design. I had
Speaker 5: involvement with their money and enjoy the participation. They trust
Speaker 5: the recommendations of others, and they act on sound advice.
Speaker 5: Success through determination is their philosophy.
Speaker 4: This is another one where there's like an undertone of dearing,
Speaker 4: Like you know how we said before there's definitely an
Speaker 4: entrepreneur sounded really like negative. This one sounds really positive,
Speaker 4: Like you read that and you go, oh, I want
Speaker 4: to be a money and even the name money master.
Speaker 5: Yeah, I think it's the she's on the money community.
Speaker 5: I know I'm not meant to be telling you that.
Speaker 5: I was meant to tell you that at the endboo
Speaker 5: and they have one to go.
Speaker 1: But I do.
Speaker 5: Genuinely think that the community are either money masters or
Speaker 5: they're working towards being money masters, because as we know
Speaker 5: in our community, you don't actually have to earn the
Speaker 5: most to end up being financially secure and invest Like,
Speaker 5: it's not what you have, it's what you invest. And
Speaker 5: it's not like about timing the market, it's about time
Speaker 5: in the market. And I think you guys are really
Speaker 5: intelligent now literally been doing this for nearly four years, Jessica,
Speaker 5: and I just feel like everyone's kind of gotten to
Speaker 5: a point where they enjoy the participation and they really
Speaker 5: want to be involved in their PORTFO and have decisions,
Speaker 5: and they do trust recommendations of others, but they only
Speaker 5: act on the ones that are sound advice. So like,
Speaker 5: I want to talk to people about money, I want
Speaker 5: to know what ETFs they're investing in, But then I
Speaker 5: also put on my hat of well where did they
Speaker 5: get that information? Is that information that I should be,
Speaker 5: you know, acting upon, or is that just a nice conversation?
Speaker 5: And I think we've gotten to this beautiful place in
Speaker 5: our community where you guys are like, yeah, but where's
Speaker 5: that information coming from?
Speaker 1: Like is it just interesting or is it actual advice?
Speaker 5: Yeah, which obviously this podcast doesn't give actual advice because
Speaker 5: that would be illegal, but I think it's guiding you
Speaker 5: down the right path because at the end of the day,
Speaker 5: just like I did, work as a financial advisor, So
Speaker 5: we're not just talking smack, you know.
Speaker 4: Yeah, no, not at all. And they enjoying the participation.
Speaker 4: I think is something we've seen a lot this year
Speaker 4: at our events, particularly the book tour, where we were
Speaker 4: talking just around investing, and to see so many people
Speaker 4: shops so passionate and so excited. And I like to
Speaker 4: think that as much as the Money Master it says
Speaker 4: that they're the number one wealth accumulators, I would like
Speaker 4: to think that in order to reach that personality type
Speaker 4: or that status or whatever, it doesn't mean that you
Speaker 4: need to have done everything perfectly or have the most money.
Speaker 4: Like I genuinely think that a lot of people in
Speaker 4: our community who are earlier in their journey probably fit
Speaker 4: into this personality, which is a really special cool thing.
Speaker 1: Yeah, I love it all right.
Speaker 5: Onto the very last but not least money personality, We've
Speaker 5: got the producers, So they ran high in work ethic
Speaker 5: but lower in earned income due to the lack of
Speaker 5: self confidence in money management skills.
Speaker 1: That they have.
Speaker 5: They work hard, they do desire more, but they do
Speaker 5: feel like they have difficulty getting ahead financially. Financial investment
Speaker 5: education would help these guys.
Speaker 4: Yeah, that's interesting, isn't it, because I think that's maybe
Speaker 4: a starting point for a lot of people.
Speaker 1: I feel like that's where I was a few years ago.
Speaker 1: Oh I can see that. Yeah, I especially in my
Speaker 1: early twenties. I worked really hard.
Speaker 4: I didn't earn great money, but not pinny people do
Speaker 4: when they're young, and I like I had a lot
Speaker 4: of debt. I didn't invest I wanted more money. I
Speaker 4: think people always. Growth has been wild. It has been
Speaker 4: a privilege to see. Honestly, I love it.
Speaker 5: But for those of you who might not have followed
Speaker 5: She's on the Money as long as Jessica has worked
Speaker 5: here because it's been a while now, Sorry jess, But
Speaker 5: jess actually came from the community and like got out
Speaker 5: of debt because of the podcast and then kind of
Speaker 5: grew into this role. And I just think it's so
Speaker 5: special that you don't just you know, work at Shees
Speaker 5: on the Money. You were the community. You are the community,
Speaker 5: like you were our target audience, and then you were
Speaker 5: our target audience when we were recruiting as well, and
Speaker 5: it just all worked out really well for me, honestly.
Speaker 5: So honestly, it's so fun. So, jess what personality do
Speaker 5: you think you would put yourself in the bucket of?
Speaker 4: It's so hard because, like we kind of said at
Speaker 4: the start, I see myself in a couple of them.
Speaker 1: You can be a couple. I'll let you pick two.
Speaker 4: I feel like I lean most into the perfectionist and
Speaker 4: the achiever, and I feel like it's a hybrid of both.
Speaker 4: Like I am very likely said risk adverse, and I
Speaker 4: am just as a general human, a bit of a perfectionist,
Speaker 4: and so I totally relate to considering every angle and
Speaker 4: every outcome and wanting to be really sure with the
Speaker 4: choices that you make. But then in the achievers, I
Speaker 4: have a very similar ethos. I think of like, I
Speaker 4: believe in hard work. I believe that if you want
Speaker 4: something and you work hard enough, there's a way to
Speaker 4: find that and a way to make that happen. And
Speaker 4: I know that that is a bit of a privileged statement,
Speaker 4: but I do believe in the value of pursuing things
Speaker 4: diligently and working at them and beating your head against
Speaker 4: the walls sometimes until you kind of figure out a
Speaker 4: way to get the outcome that you want.
Speaker 1: So if I could mash.
Speaker 4: Those two together and be the perchiever, that would be
Speaker 4: me the perchiever pachiever, Jessica the perchiever.
Speaker 1: I like that. How about you? Where we to categorize yourself?
Speaker 5: See this is where I'm going to tell you there's
Speaker 5: actually a quiz you can do to work out which
Speaker 5: bucket you fool into, so you don't actually just have
Speaker 5: to listen to this podcast and play a guessing game.
Speaker 5: There is going to be a link in the show notes.
Speaker 5: And I came out as an achiever, so I know
Speaker 5: that that is me just looking at it. But even
Speaker 5: when I did the survey, it like comes out with
Speaker 5: who you are and what that means, and then it
Speaker 5: gives you a whole heit more information based on the
Speaker 5: way you answered the questions of how it might work
Speaker 5: for you.
Speaker 1: So it's free. We'll put the link in the show notes.
Speaker 5: But maybe jess you can now go do that and
Speaker 5: instead of guessing and becoming a pachiever.
Speaker 1: Maybe you could be one on the other.
Speaker 4: Oh my gosh, that's so funny. What a cool, fun
Speaker 4: little episode. I hope people enjoy this. I know it
Speaker 4: was a little fluffier than normal, but I.
Speaker 5: Don't care, you guys, it goes to serve a fluffy,
Speaker 5: fun episode because we're going to be really deep into
Speaker 5: investment content this year, so hold your horses.
Speaker 4: Yeah, one hundred percent. So I hope that you guys enjoyed.
Speaker 4: Thank you so much for listening. Go to the Facebook
Speaker 4: group because we'll put a thread.
Speaker 1: Up to to day.
Speaker 4: Yeah, go and tell us which money personality you fall into,
Speaker 4: because we're super duper curious.
Speaker 1: But I think it's time for us to roll out bed, all.
Speaker 5: Right, See you next week, guys, Big good bye?
Speaker 1: Did buy shared on Cheese?
Speaker 5: On the Money general in nature and does not consider
Speaker 5: your individual circumstances. She's on the Money exists purely for
Speaker 5: educational purposes and should not be relied upon to make
Speaker 5: an investment or financial decision.
Speaker 1: If you do choose to buy a financial product.
Speaker 5: Read the PDS TMD and obtain appropriate financial advice tailored
Speaker 5: towards your needs. Victoria Divine and She's on the Money
Speaker 5: are authorized representatives of Money Sherper Pty Ltd ABN three
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