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Speaker 1: Hello.

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

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Speaker 2: Kerney Whalbury and a waddery woman. And before we get

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

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

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

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

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

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

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

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

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Speaker 1: Hello, and welcome to She's on the Money, the podcast

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Speaker 1: for MILLENNI who want financial freedom. We are in the

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Speaker 1: new financial year, and if you didn't get cracking on

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Speaker 1: your investment plan in January, it is not too late.

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Speaker 1: Now is the perfect time to get started.

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Speaker 4: I love this episode. I am so excited to do it.

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Speaker 4: We obviously adore talking investing at Cheese on the Money,

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Speaker 4: and personally, I always think it's a good time to

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Speaker 4: be talking about this topic. That's why today Beck, you

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Speaker 4: and I are going to be giving our little squad

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Speaker 4: some steps to get your investment plan back on track,

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Speaker 4: because I feel like so many of us set really

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Speaker 4: big goals for January, then we didn't do them, and

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Speaker 4: then it was February, and I don't know where the

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Speaker 4: year is going, but I know that so many of

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Speaker 4: you want to be investing amazing. Well.

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Speaker 1: I may not have started my journey yet, but I

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Speaker 1: do know that we need to be a lartey. That's

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Speaker 1: a lie I kind of do. I don't know if

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Speaker 1: I can guess. I guess I could count it. I

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Speaker 1: literally have twenty five dollars in cheerseas right now?

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Speaker 4: Are you an investor? Yeah?

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Speaker 1: I guess. So does that mean I started?

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Speaker 4: You've started?

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Speaker 1: I don't need this episode?

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Speaker 4: Then coming out straight in there, let's go I reckon,

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Speaker 4: I could go a coffee instead of this episode.

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Speaker 1: Let's do it right, Well, actually, let's do the episode.

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Speaker 4: I worked really hard on this, so true.

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Speaker 1: What's step one?

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Speaker 2: All right?

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Speaker 4: So step one is defining your investment goals? Again, not

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Speaker 4: very sexy. I've been trying for literal years to make

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Speaker 4: investments sexy, but sometimes it's just not. But how cool

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Speaker 4: we get to sit back and think about all the

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Speaker 4: things we want to achieve and this is where we

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Speaker 4: can like brainstorm up all of the crazy things that

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Speaker 4: we might want to achieve, and then we can whittle

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Speaker 4: them down to things that might be actually manageable. So

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Speaker 4: when we're setting goals, I like to have a good

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Speaker 4: idea of what your short, medium, and long term goals

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Speaker 4: are because I'm kind of an instant gratification girly back

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Speaker 4: like I need the short term goals to keep me

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Speaker 4: motivated so that the long term goals actually happen as well.

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Speaker 4: Because if I only have long term goals and we're

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Speaker 4: only talking about like retirement, I'm just going to spend

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Speaker 4: all my money now, like I can't wait. I am

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Speaker 4: impulsive if not anything else. So when it comes to

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Speaker 4: long term goals for me, a good example of that

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Speaker 4: would be like retirement planning or planning for your larger

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Speaker 4: investment portfolio to create a passive income so that you

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Speaker 4: don't have to work full time. Timeframe on this would

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Speaker 4: be more than seven years, because we know, because of

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Speaker 4: the rule of seventy two Beck, that money is going

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Speaker 4: to pretty much double every seven years, but also a

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Speaker 4: market is going to do more than a full circle

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Speaker 4: in that time, so we're minimizing our risk when we're

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Speaker 4: setting long term goals for more than seven years. When

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Speaker 4: we're talking about long term goals, this is where you

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Speaker 4: can comfortably go, all right, well, I am going to

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Speaker 4: invest in a property or I am going to potentially

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Speaker 4: invest in the share market, because there's less risk. Obviously

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Speaker 4: when it comes to like that short term goal, let's

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Speaker 4: flip to that these are things that you want to

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Speaker 4: achieve in like one to three years. And if you said,

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Speaker 4: v I really want to buy my first property next year.

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Speaker 4: I've got my home deposit sitting right here, I'd be like, one, beck,

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Speaker 4: where the heck did that come from? Like you've been

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Speaker 4: hiding this from me. I'm excited. But two I'd be like,

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Speaker 4: please don't invest it. It's too much of a short

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Speaker 4: period of time and we don't know what the market

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Speaker 4: can do in twelve months. And if the market went

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Speaker 4: off like your goal of purchasing a home in twelve months,

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Speaker 4: it's not going to happen. And I would hate for

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Speaker 4: you to be in that situation. And even if you

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Speaker 4: were to invest for twelve months, because you go will

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Speaker 4: be I'm willing to take a risk, And then you

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Speaker 4: want to purchase, then well, are you actually going to

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Speaker 4: pull all your investment out when it's worthless. That's a

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Speaker 4: bad financial decision, and I don't want you to be

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Speaker 4: forced to make one. Like if you and your partner

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Speaker 4: who's already a homeowner, I mean, good pool with that one.

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Speaker 4: But like if you and your partner wanted to purchase

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Speaker 4: property together and she was super ready in twelve months,

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Speaker 4: you'd be like, oh, maybe I do have to pull

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Speaker 4: my money out and cut my losses a bit so

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Speaker 4: I can still achieve this goal that she's ready for.

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Speaker 4: We don't want to do that. We don't want to

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Speaker 4: back ourselves into a corner. So investment types for short

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Speaker 4: term goals would be things like your high interest cash accounts,

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Speaker 4: your term deposits. Potentially maybe you've got an offset account

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Speaker 4: if you have a mortgage in this economy, not man

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Speaker 4: air if you will, or even short term bonds. But

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Speaker 4: I wouldn't be looking at, you know, investing your money

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Speaker 4: or purchasing a property in the hope of selling it

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Speaker 4: in twelve months. Like those things just don't make a

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Speaker 4: lot of sense for short term goals. When it comes

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Speaker 4: to short term goals, though, beck those are things like

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Speaker 4: buying car, going on a holiday, A short term goal

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Speaker 4: could be something really large if you've already been working

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Speaker 4: on it, like buying a house, but not usually for me,

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Speaker 4: short term goals are quite small things, and these are

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Speaker 4: the things that often keep me motivated along the way,

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Speaker 4: So like I know that it's not going to happen

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Speaker 4: next year because beck, while I was very willing to

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Speaker 4: travel with a three month old, I'm not that willing

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Speaker 4: to travel with a one year old. No, Like they

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Speaker 4: can move, they are on the move, and can you

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Speaker 4: imagine trying to control a one year old on a plane.

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Speaker 4: I'm not willing. Could I'm willing, I'm not able. Do

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Speaker 4: not put me in the exit row, like it's just

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Speaker 4: not happening. But for me having a holiday or something

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Speaker 4: to work towards, or Meredith festival tickets or something, yes,

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Speaker 4: that is for me motivating in the short term, so

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Speaker 4: that I can set and forget my bigger goals and

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Speaker 4: know that they're happening. When it comes to medium term goals, though,

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Speaker 4: these are things like more education, like you might go,

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Speaker 4: I really want to save up some more so that

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Speaker 4: I can, you know, do this three year course or

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Speaker 4: buying a home could be a medium term goal because

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Speaker 4: it's all going to be different for every single person.

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Speaker 4: Like you could be a long term home buying girly.

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Speaker 4: You could be I'm actually ready in twelve months, girly,

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Speaker 4: Or you could be someone who's like in the middle

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Speaker 4: and you're like, all right, well in the next three

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Speaker 4: or five years, I could probably purchase that's fantastic. But

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Speaker 4: when we're talking about the investment types there, this is

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Speaker 4: where we could potentially have a bit of a mix.

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Speaker 4: So we could be doing things like the cash and

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Speaker 4: fixed interest options that we're talking about before. You could

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Speaker 4: also maybe do some more defensive shares or some bonds.

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Speaker 4: But this would be where I'm being really cautious. I

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Speaker 4: wouldn't be going and investing in an emerging industry with

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Speaker 4: a medium term goal because you just want to be

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Speaker 4: in that stuff.

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Speaker 1: For the long haul back. Yeah, that make a lot

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Speaker 1: of sense, actually, but what about like risk tolerance, because

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Speaker 1: we're all different with what we can stomach or even

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Speaker 1: manage responsibly.

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Speaker 4: See, this is where education comes into sure, Because let's

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Speaker 4: go back to baby Beck and baby Beck is only

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Speaker 4: a year younger when you started on the podcast. Would

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Speaker 4: you have invested in Chares?

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Speaker 1: No, I don't even think I knew what that was.

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Speaker 4: If you knew what they were, would you have thought

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Speaker 4: that that's a bit risky, not for me? Or would

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Speaker 4: you have thought no? Or would you have thought, yeah,

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Speaker 4: I'm straight in Like where would you head have been at?

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Speaker 1: I wouldn't understood it, so I woudn't have done it,

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Speaker 1: because I would have been like, this isn't Also, I'm

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Speaker 1: more of it, exactly same as you like short term

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Speaker 1: like mist gratification.

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Speaker 4: Exactly like that marshmallow experiment. Have you seen that where

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Speaker 4: the kid gets a marshmallow and told, if you don't

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Speaker 4: eat that, beck, I'll come back and I'll give you

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Speaker 4: two more. Yes, No, I don't need the extra too.

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Speaker 4: I had that one just.

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Speaker 1: Before and it was really good. Exactly. Actually, we're like another.

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Speaker 4: This is why we need to have really solid plans,

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Speaker 4: because I need to have a plan in place so

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Speaker 4: that the responsibility has taken off me. Like I know

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Speaker 4: that even at thirty three, I cannot be that responsible

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Speaker 4: with my money without a solid cash flow plan. If

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Speaker 4: it's not automated, it's not happening for me.

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Speaker 1: I wish it was.

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Speaker 4: I wish I was one of those girlies who was

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Speaker 4: just like so inherently good at money, and you might

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Speaker 4: have thought that V. Yes, she's on the money. You

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Speaker 4: should be inherently good at money. I'm also really impulsive

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Speaker 4: and have ADHD.

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Speaker 1: You're relatable, Like that's probably better.

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Speaker 4: I don't know if relatable, but like I'm just a

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Speaker 4: little bit unhinged. So your question about risk tolerance is

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Speaker 4: really important. But what we need to understand is that

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Speaker 4: risk tolerance changes. And if you're listening to this podcast,

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Speaker 4: you're probably already in your financial literacy era, like we

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Speaker 4: in our self made millionaire era were stepping into it

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Speaker 4: and we want to do better and be better and

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Speaker 4: no more. So your risk tolerance over time could change.

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Speaker 4: So there are about six different risk profiles. But if

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Speaker 4: you were sitting down and you were going to do

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Speaker 4: your risk tolerance and you survey and there are lots

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Speaker 4: online so you can look up risk tolerance questionnaire and

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Speaker 4: do one online. But it will go from anything from

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Speaker 4: cash stable so it'll be called capital stable all the

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Speaker 4: way up to high risk. Now high risk is sometimes

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Speaker 4: also called an aggressive portfolio. And we've done whole episodes

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Speaker 4: on risk and how to assess yourself, and we've you know,

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Speaker 4: even got a free risk tolerance questionnaire on our website,

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Speaker 4: which is I think pretty slay, So you can do ours,

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Speaker 4: you can do anyone, so I don't care, just do it.

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Speaker 4: It goes from capital stable, which is basically where all

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Speaker 4: your assets are in cash and you don't like taking

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Speaker 4: on any risk at all, beck because that's terrifying, and

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Speaker 4: like no shares, no property, no bonds, no fixed interest,

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Speaker 4: no high interest savings account all the way up to this,

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Speaker 4: I guess aggressive portfolio where most of your assets are

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Speaker 4: actually in more risky assets. So I've spoken about this

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Speaker 4: before and please go listen to our podcasts on risk

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Speaker 4: tolerance and investing. But just because you you have a

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Speaker 4: high risk profile or an aggressive portfolio, doesn't mean you're

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Speaker 4: investing in riskier assets. If we look at like a

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Speaker 4: conservative portfolio, which is like on that lower end, so

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Speaker 4: it often goes capital stable, conservative, moderately conservative, then goes growth,

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Speaker 4: moderate growth, and high growth. So if we look at

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Speaker 4: that scale, they actually invest in all the same things,

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Speaker 4: they just have different amounts in each bucket. So a

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Speaker 4: conservative person might go, I'm pretty conservative. I'm only going

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Speaker 4: to put twenty percent of my assets into a share portfolio,

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Speaker 4: whereas someone with a high growth risk tolerance might actually

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Speaker 4: have ninety percent of their assets in the same shares Beck,

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Speaker 4: So it's not having riskier shares, it's actually having more

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Speaker 4: exposure to an asset, which increases your risk.

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Speaker 1: So that makes sense a little bit.

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Speaker 4: So like if you had a pie chart and you

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Speaker 4: cut the pie chart up, you take a small piece

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Speaker 4: of the pie for the conservative person, Yeah, but you

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Speaker 4: take a really large piece of the pie for somebody

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Speaker 4: who's high growth. But the pie is still blueberry pie.

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Speaker 4: Like it's the same pie, Beck, it's not different. So

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Speaker 4: like they might have the same etf as you, they

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Speaker 4: just own less and you own more and more of

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Speaker 4: their money might be in a bank account because they're

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Speaker 4: a bit conservative and they want to just keep their

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Speaker 4: money in a cash savings account. Or is someone who's

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Speaker 4: like high growth they just really like pie and don't

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Speaker 4: really want all of their money in a cash account.

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Speaker 1: God yeah, okay, So just to whirdle this down a

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Speaker 1: little bit. Yeah, So short term, medium term, long term

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Speaker 1: goals that could be like literally just going out for

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Speaker 1: a nice dinner could be a short term. Buying a

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Speaker 1: house could be medium as well as long term could

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Speaker 1: be like retiring and then we're talking about risk tolerance here.

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Speaker 1: I just want to double check with you, like is

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Speaker 1: this more toward something that is a house or something

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Speaker 1: like shares, or or is that.

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Speaker 4: It's anything anything? And I think that even if you're

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Speaker 4: in heaps of debt, Beck, we should be looking at

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Speaker 4: our risk tolerance so that we can understand it, because

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Speaker 4: this is your willingness to invest. Like, if you're listening

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Speaker 4: to this episode, you're probably pretty interested in investing. So

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Speaker 4: I don't know why you're here if you're not interested

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Speaker 4: in investing, if I'm being honest, But if we know

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Speaker 4: our risk profile, it cuts out all of the crap back.

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Speaker 4: It means that if we want to invest, we know

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Speaker 4: that we want to make up a portfolio to have

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Speaker 4: some shares, and we know we're a growth girly. We're

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Speaker 4: not that aggressive, like we don't want one hundred percent

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Speaker 4: of our assets inside shares, but we know from the

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Speaker 4: pie chart that will come out of that questionnaire that

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Speaker 4: we can do for free. We know, okay, well, maybe

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Speaker 4: fifty percent of my portfolio is going to be in ETFs.

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Speaker 4: I'm going to have twenty five percent of the cash

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Speaker 4: that I have inside a savings account, and I might

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Speaker 4: get a bond with the rest of the twenty five percent.

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Speaker 4: So if you've got and just for number's sake, not

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Speaker 4: that I expect everyone to be starting with ten thousand dollars,

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Speaker 4: because that is not truths just a good number. But

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Speaker 4: if you had ten thousand dollars and you're like, well,

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Speaker 4: I've got ten grand and I'm going to go do

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Speaker 4: my risk profile and get my pie chart, five thousand

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Speaker 4: dollars would be invested in shares, two thousand, five hundred

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Speaker 4: would be into a savings account so that you've got

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Speaker 4: your your cash component, and then two five hundred dollars

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Speaker 4: would go into a bond. So I've now given you

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Speaker 4: a formulation of how you're going to invest to make

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Speaker 4: sure that you're meeting your risk tolerance, which is really

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Speaker 4: important because it means that in the future we're not

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Speaker 4: going to freak out. You are protecting yourself against the

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Speaker 4: markets turning. You might have come out as a high

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Speaker 4: growth girly beck, in which case those percentages are going

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Speaker 4: to be different. But you might also want to be

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Speaker 4: adding an international option into your mix because you want

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Speaker 4: to take on a little bit more risk. Does that

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Speaker 4: make sense? So I'm kind of giving you the blueprint

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Speaker 4: of Okay, here's your empty pie chart. Beck, you've got

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Speaker 4: a fifty percent, you've got a twenty five and a

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Speaker 4: twenty five. What products are we now going to put

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Speaker 4: into our pie chart to make up that pie and.

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Speaker 1: To figure out what your risk tolerance is that it's

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Speaker 1: best to do like this survey is maybe on exactly website.

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Speaker 4: You can literally do any of them. Just go get

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Speaker 4: risk tolerance questionnaire and do it because it's going to

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Speaker 4: help you understand where you stand. And also, even if

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Speaker 4: you're in debt, even if you're not ready to start

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Speaker 4: your investment journey, education is key. The second you get

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Speaker 4: out of debt, you're able to then go all right,

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Speaker 4: well I already know my risk tolerance. I've been having

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Speaker 4: a little look. I've been listening to a few podcasts.

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Speaker 4: I feel quite confident. We don't want to start our

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Speaker 4: financial literacy or investing journey once you have.

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Speaker 1: The cash for it. Yeah, okay, to me.

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Speaker 4: That's shooting yourself in the foot. And also it's really

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Speaker 4: exciting and really sexy to talk about, so like stick

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Speaker 4: around place, it's.

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Speaker 1: Fun, it's fun. It actually is. Now that I've got

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Speaker 1: sharesse I'm like actually kind of like, oh, I check

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Speaker 1: it every single second of every day.

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Speaker 4: You can do. It's risk tolerance. They have whole blogs

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Speaker 4: on how to assess your own risk tolerance and what

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Speaker 4: that means. And I think that I don't care where

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Speaker 4: you get the information back, as long as it's legitimate

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Speaker 4: information from a reliable source and you are educating yourself.

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Speaker 4: Go hamp have a good time. I love that.

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Speaker 1: Okay, so V, before you mentioned the pie blue breeth pie,

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Speaker 1: I don't think I've ever had a bluebreef pie.

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Speaker 5: You.

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Speaker 1: I don't think I've even ever had. You know, there's

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Speaker 1: like American pies, like.

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Speaker 4: If you had a pumpkin pie.

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Speaker 1: I've never had a pumpkin pie. I would love a

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Speaker 1: pumpkin pie pie.

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Speaker 4: Yeah. Yeah, Jessici bullied me into it and it wasn't

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Speaker 4: even bad.

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Speaker 1: It was pretty good. But yeah, sorry pie question. It

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Speaker 1: is still relevant to the pumpkin pie. But you're talking

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Speaker 1: about asset classes and yes, things like that. So I

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Speaker 1: do want to know what are the asset classes. I

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Speaker 1: do know a little bit, but I just just in

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Speaker 1: case anyone.

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Speaker 4: Here in Australia, there are four asset classes that are recognized, right,

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Speaker 4: So A lot of people might talk and I'm going

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Speaker 4: to jump straight into this and talk about bitcoin and

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Speaker 4: cryptocurrencies because a lot of people say, I've got that

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Speaker 4: in my investment portfolio, and like, I mean, slay queen.

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Speaker 4: If that's aligned to your restolerance and you're really willing

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Speaker 4: to take that on and that's a risk that you're

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Speaker 4: happy with and you're well educated, I could not care

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Speaker 4: less because you're making a decision that is best for you. However,

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Speaker 4: that is not a recognized asset here in Australia. It's

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Speaker 4: something that we're working towards and hopefully it will be

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Speaker 4: recognized soon. And the reason because Beck, you know that

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Speaker 4: I'm not that positive about cryptocurrencies because I.

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Speaker 1: Just go they're too risky.

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Speaker 4: Like for me personally, I get anxious investing in something

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Speaker 4: that is far more risky than anything else on the market.

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Speaker 4: It gives me anxiety to think that people are willing

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Speaker 4: to invest in cryptocurrency yet not play with the Australian

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Speaker 4: share market. Somehow, the marketing for cryptocurrencies has been a

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Speaker 4: lot more palatable than the Australian share market, when in reality,

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Speaker 4: if you take any thirty year period of time here

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Speaker 4: in Australia, the share market has never not yielded a

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Speaker 4: positive result for someone like cryptocurrency. Cannot say the same.

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Speaker 4: One it's not been around long enough. But two, there's

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Speaker 4: way too much up and down the volatility, and that

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Speaker 4: is insane. But the reason I want cryptocurrency recognized here

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Speaker 4: in Australia is regulation because the second it is recognized

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Speaker 4: as a genuine asset class by the Australian government, it

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Speaker 4: will be more highly regulated and that will lead to

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Speaker 4: safer outcomes when we are purchasing it. And I like that,

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Speaker 4: so hopefully that happens soon. But right now we only

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Speaker 4: have four. The first, you know and love cash. We

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Speaker 4: all understand that cash is things like your high interest

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Speaker 4: savings accounts, it's your regular savings accounts, it's term deposits.

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Speaker 4: I feel like we all know and love cash because

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Speaker 4: it's the one thing we all have pretty good experience in.

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Speaker 4: The Next is fixed income. So these are things like

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Speaker 4: government and corporate bond. So government bond beck, I feel

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Speaker 4: like it's a little bit confusing, but the best way

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Speaker 4: to understand a government bond is kind of like an IOU.

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Speaker 4: So the government they put their hand up and they

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Speaker 4: say beck, we really want to build some roads. We

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Speaker 4: need one thousand dollars to do that, obviously at scale.

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Speaker 4: And you go, mate, I've got one thousand dollars. I

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Speaker 4: want something for it. And they say, Beck, we'll give

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Speaker 4: you five percent of your thousand dollars, plus we'll give

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Speaker 4: you your money back once we're done building the roads

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Speaker 4: and got the cash back. So over five years, we're

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Speaker 4: going to hold on to your thousand dollars. We'll give

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Speaker 4: you five percent return, so you get some money along

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Speaker 4: the way, and at the end of that five years,

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Speaker 4: we'll give you your thousand dollars back, and you go,

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Speaker 4: that's a pretty good deal. So my favorite way of

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Speaker 4: viewing government bonds or even corporate bonds is it's like

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Speaker 4: an IOU note. So you give them your money and

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Speaker 4: they give you an IOU note and you can then

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Speaker 4: cash that IOU note in when the term is finished.

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Speaker 4: Does that make sense?

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Speaker 1: It does? Do you have to I guess it depends

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Speaker 1: on case by case. But are you able to get

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Speaker 1: out of that early?

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Speaker 4: Yes, you can get out of them early, but it

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Speaker 4: often means you're forfeiting the interest, or there's like fees

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Speaker 4: and charges that might apply. So you don't want to

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Speaker 4: just jump into a bond with your emergency savings that

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Speaker 4: you might need.

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Speaker 1: Sure.

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Speaker 4: The other thing with bonds here in Australia, we are

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Speaker 4: very lucky. They are what is called a triple a

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Speaker 4: raided bond, which means that in the history of Australia

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Speaker 4: having issued bonds to its citizens, they've never not returned

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Speaker 4: their money. You can't say the same for other countries.

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Speaker 4: So there are other countries that issue bonds to their

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Speaker 4: citizens and they don't return the money, so there's a

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Speaker 4: lot more risk, whereas in Australia, government bonds are seen

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Speaker 4: as being a pretty stable return and are considered relatively

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Speaker 4: low risk.

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Speaker 1: Oh great, okay, that's scary. Yeah, it is scary.

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Speaker 4: But like we live in a country where financially we're

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Speaker 4: relatively stable, so we are very lucky. A good example

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Speaker 4: of an unstable market would be like Greece, who are

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Speaker 4: not very good at finances.

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Speaker 1: Oh well, don't give Greece, give Greece government, just.

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Speaker 4: Give it to them for holidays, just for holidays, just

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Speaker 4: for holidays. The academy, Yeah, yeah, yeah, anyway you can contribute.

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Speaker 4: The third thing I want to talk to.

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Speaker 1: You about is property.

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Speaker 4: The great Australian dream. Everybody knows and loves property, right,

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Speaker 4: And there are two ways that you could invest in property,

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Speaker 4: So you might have your primary residence. And obviously I

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Speaker 4: could have a fight with you right now about whether

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Speaker 4: your primary residence is an investment or not, because I

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Speaker 4: believe that your primary residence is not an investment, because

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Speaker 4: beck if you go and buy your first home and

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Speaker 4: then you live in it, you're like, probably you're pretty

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Speaker 4: motivated to pay off your home, right, because then you

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Speaker 4: don't have to pay rent, you don't have to pay

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Speaker 4: your mortgage. It's only an investment if you're willing to

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Speaker 4: sell it. Are you willing to sell your family home? Yeah,

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Speaker 4: as much as it's an asset, And if the proverbial

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Speaker 4: hit the fan, we could sell it and rent again.

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Speaker 4: And you know, it's a security blanket. I wouldn't want

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Speaker 4: you putting that inside your investment portfolio as an asset,

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Speaker 4: because anything inside your investment portfolio we should be looking

436
00:20:44,520 --> 00:20:48,199
Speaker 4: at as being able to dispose of or being an

437
00:20:48,240 --> 00:20:52,119
Speaker 4: asset that generates income, and your primary residence doesn't do that.

438
00:20:52,320 --> 00:20:54,239
Speaker 4: It does a lot to save you money because if

439
00:20:54,240 --> 00:20:56,040
Speaker 4: you've paid the whole thing off, you're not paying rent,

440
00:20:56,040 --> 00:20:58,760
Speaker 4: you're not paying a mortgage, and that's pretty sexy. But

441
00:20:59,600 --> 00:21:02,040
Speaker 4: on the fleet side of property, you've got investment properties,

442
00:21:02,080 --> 00:21:05,400
Speaker 4: and that's obviously like very sexy. I mean, I must

443
00:21:05,440 --> 00:21:08,320
Speaker 4: be nice if you have investment properties. But inside the

444
00:21:08,320 --> 00:21:11,280
Speaker 4: property asset class BECK, you've got investment property, so you

445
00:21:11,320 --> 00:21:14,119
Speaker 4: could buy residential or commercial properties and lease them out.

446
00:21:14,720 --> 00:21:17,080
Speaker 4: It obviously requires a lot of capital. You have to

447
00:21:17,080 --> 00:21:19,320
Speaker 4: have a lot of cash al or to start. The

448
00:21:19,400 --> 00:21:21,720
Speaker 4: other thing you could purchase if you're like super into

449
00:21:21,720 --> 00:21:23,840
Speaker 4: property BECK, but don't have a heap of cash, is

450
00:21:23,880 --> 00:21:27,320
Speaker 4: what's called an ARIIT. So that's a real estate investment

451
00:21:27,359 --> 00:21:30,639
Speaker 4: trust and they're actually a share that you purchase on

452
00:21:30,680 --> 00:21:36,120
Speaker 4: the share market that hold property, so you get returns

453
00:21:36,160 --> 00:21:39,160
Speaker 4: that have come from property. So you're able to invest

454
00:21:39,240 --> 00:21:41,960
Speaker 4: in property indirectly through the market. So if you've done

455
00:21:42,000 --> 00:21:44,400
Speaker 4: your little pie and you were like, oh, I really

456
00:21:44,400 --> 00:21:47,159
Speaker 4: want property in this twenty percent, but I don't have

457
00:21:47,240 --> 00:21:49,720
Speaker 4: the cash to buy an investment property, or maybe you

458
00:21:49,720 --> 00:21:52,840
Speaker 4: don't want the responsibility because being a landlord means you know,

459
00:21:52,840 --> 00:21:54,640
Speaker 4: if they want a heater breaks, you've got to fix it.

460
00:21:55,080 --> 00:21:57,120
Speaker 4: You've got to have all these overheads. Maybe you're talking

461
00:21:57,160 --> 00:21:59,560
Speaker 4: about positive or negative gearing. Maybe you don't even want

462
00:21:59,560 --> 00:22:03,520
Speaker 4: to have that conversation. You could go buy anriit and

463
00:22:03,600 --> 00:22:07,840
Speaker 4: have exposure to property in your portfolio and have returns

464
00:22:07,880 --> 00:22:11,359
Speaker 4: from the property market without all the overheads. That's kind

465
00:22:11,400 --> 00:22:11,880
Speaker 4: of sexy.

466
00:22:11,960 --> 00:22:12,720
Speaker 1: That is really cool.

467
00:22:12,720 --> 00:22:16,520
Speaker 4: It in that's kind of fun. And then the last thing, Beck,

468
00:22:16,760 --> 00:22:20,760
Speaker 4: the fourth asset class recognized in Australia. I think it's

469
00:22:20,880 --> 00:22:23,840
Speaker 4: very sexy and it's my favorite asset class BECK because

470
00:22:23,920 --> 00:22:27,760
Speaker 4: not only should they overtime increase in value, yes, most

471
00:22:27,800 --> 00:22:29,840
Speaker 4: of them pay you for owning them. And that is

472
00:22:29,880 --> 00:22:33,719
Speaker 4: the share market. So the share market is it's not

473
00:22:33,760 --> 00:22:37,400
Speaker 4: a secret that it's my favorite type of way to invest,

474
00:22:37,960 --> 00:22:40,800
Speaker 4: and it's my favorite type of way because it's so accessible,

475
00:22:41,200 --> 00:22:43,680
Speaker 4: Like you can today invest for as little as one cent.

476
00:22:44,080 --> 00:22:44,320
Speaker 2: Beck.

477
00:22:44,400 --> 00:22:46,280
Speaker 4: You were saying before that you have twenty five bucks

478
00:22:46,320 --> 00:22:48,480
Speaker 4: in shares's and then you're like have I started, And

479
00:22:48,520 --> 00:22:52,000
Speaker 4: I was like, yes, that's a legitimate investment. Isn't that

480
00:22:52,080 --> 00:22:55,200
Speaker 4: cool because go back twenty years you wouldn't have had

481
00:22:55,240 --> 00:22:58,480
Speaker 4: that option because we couldn't purchase shares with twenty five dollars.

482
00:22:58,480 --> 00:23:01,440
Speaker 4: We had to have lots of cash to begin, which

483
00:23:01,480 --> 00:23:03,720
Speaker 4: is a stereotype we are still trying to break down.

484
00:23:03,800 --> 00:23:06,960
Speaker 4: So many people still believe that to be able to invest,

485
00:23:07,000 --> 00:23:09,119
Speaker 4: you need to have a lump sum of cash. Ye,

486
00:23:09,359 --> 00:23:11,639
Speaker 4: you don't even Beckx doing it. She didn't even know

487
00:23:11,760 --> 00:23:14,720
Speaker 4: she was doing it exactly. But when we're talking about

488
00:23:14,720 --> 00:23:17,000
Speaker 4: shares here in Australia, we have Australian shares.

489
00:23:17,080 --> 00:23:19,000
Speaker 1: So this is a share that is listed.

490
00:23:18,720 --> 00:23:21,680
Speaker 4: On the Australian Stock Exchange or the AX as we

491
00:23:21,920 --> 00:23:25,960
Speaker 4: often call it. On the ASX, you can purchase shares directly.

492
00:23:26,000 --> 00:23:28,800
Speaker 4: You could purchase your bonds that were talking about before,

493
00:23:28,920 --> 00:23:32,320
Speaker 4: You can purchase ETFs and managed funds. This gives you

494
00:23:32,400 --> 00:23:34,960
Speaker 4: access to all your investing options, right, so even those

495
00:23:35,000 --> 00:23:38,400
Speaker 4: ariits that we're talking about, you can purchase through the AX.

496
00:23:38,720 --> 00:23:41,080
Speaker 4: If you've got analysis paralysis and you're like, I want

497
00:23:41,160 --> 00:23:44,800
Speaker 4: exposure to the Australian share market, but I didn't realize

498
00:23:44,840 --> 00:23:46,960
Speaker 4: there were going to be so many options. You could

499
00:23:46,960 --> 00:23:50,120
Speaker 4: go for an asset like the ASX two hundred index,

500
00:23:50,400 --> 00:23:53,840
Speaker 4: which actually takes beck the top two hundred companies listed

501
00:23:53,920 --> 00:23:57,280
Speaker 4: on the AX, puts your money in that and calls

502
00:23:57,280 --> 00:24:00,399
Speaker 4: it a today. So that's kind of helped full to

503
00:24:00,480 --> 00:24:01,879
Speaker 4: know that options.

504
00:24:01,440 --> 00:24:02,360
Speaker 1: Like that exist.

505
00:24:02,880 --> 00:24:05,400
Speaker 4: And then obviously if you're a little bit more risky

506
00:24:05,760 --> 00:24:09,119
Speaker 4: and you want to diversify even further, you've got the

507
00:24:09,119 --> 00:24:13,040
Speaker 4: option of international shares. So there are so many different

508
00:24:13,160 --> 00:24:15,760
Speaker 4: stock exchanges around the world. So you've got like the

509
00:24:15,800 --> 00:24:19,320
Speaker 4: New York Stock Exchange, You've got the New Zealand Stock Exchange,

510
00:24:19,320 --> 00:24:22,720
Speaker 4: You've got literally so many I won't give you examples

511
00:24:22,760 --> 00:24:25,080
Speaker 4: because I could go on and on and on, and

512
00:24:25,080 --> 00:24:28,800
Speaker 4: that really excites me. But with international markets, it gives

513
00:24:28,880 --> 00:24:32,399
Speaker 4: you the option to diversify internationally. When we zoom out

514
00:24:32,400 --> 00:24:34,240
Speaker 4: and we just look at the economy as a whole,

515
00:24:34,320 --> 00:24:37,639
Speaker 4: like the worldwide economy, we know that when Australia is

516
00:24:37,680 --> 00:24:40,520
Speaker 4: doing really well, the rest of the world might be

517
00:24:40,560 --> 00:24:43,119
Speaker 4: slightly off. In Australia, we kind of exist in a

518
00:24:43,119 --> 00:24:45,919
Speaker 4: bit of a bubble, and that bubble means that we

519
00:24:46,000 --> 00:24:49,320
Speaker 4: are often protected from things that are going on internationally.

520
00:24:49,720 --> 00:24:53,480
Speaker 4: So like Australia is as an investment when we're talking

521
00:24:53,480 --> 00:24:57,480
Speaker 4: about the ASEX a lot more conservative than America. America

522
00:24:57,520 --> 00:25:00,800
Speaker 4: they feel the fields. They are dramatic, right, Like if

523
00:25:00,800 --> 00:25:03,160
Speaker 4: there is a high, they're feeling the highest of pies

524
00:25:03,240 --> 00:25:05,040
Speaker 4: and if there is a low, they feel the lowest

525
00:25:05,040 --> 00:25:08,320
Speaker 4: of lows. That's why I often we'll hear about impending

526
00:25:08,359 --> 00:25:11,720
Speaker 4: recessions because America is in one that maybe not get

527
00:25:11,760 --> 00:25:14,480
Speaker 4: hit with it in Australia. Does that make sense? So

528
00:25:14,520 --> 00:25:17,320
Speaker 4: we are a little bit protected. But to get diversity.

529
00:25:17,520 --> 00:25:20,879
Speaker 4: When Australia is not performing that well, often we see

530
00:25:20,960 --> 00:25:24,479
Speaker 4: the rest of the world having better performance, so we

531
00:25:24,600 --> 00:25:27,520
Speaker 4: might want to look at you know, let's just really

532
00:25:27,560 --> 00:25:30,280
Speaker 4: simplify it. You go, I want exposure to the Australian

533
00:25:30,320 --> 00:25:32,880
Speaker 4: market and to international b and I go, well, Beck,

534
00:25:33,119 --> 00:25:36,000
Speaker 4: an option is the ASX two hundred, which is going

535
00:25:36,040 --> 00:25:38,280
Speaker 4: to give you exposure to the top two hundred companies

536
00:25:38,280 --> 00:25:41,479
Speaker 4: in Australia. And then you might go with a global option,

537
00:25:41,920 --> 00:25:44,200
Speaker 4: which is another option. This is just one of many.

538
00:25:44,280 --> 00:25:46,720
Speaker 4: Like it's not a recommendation, Beck, but like the MSCI

539
00:25:46,800 --> 00:25:49,439
Speaker 4: World Index, which gives you exposure to a heap of

540
00:25:49,480 --> 00:25:52,480
Speaker 4: international assets without having to do too much of your own.

541
00:25:52,359 --> 00:25:54,360
Speaker 1: Research, like a sample path exactly.

542
00:25:54,400 --> 00:25:57,240
Speaker 4: So those are the four asset classes that would make

543
00:25:57,320 --> 00:25:57,960
Speaker 4: up your pie.

544
00:25:58,200 --> 00:25:59,920
Speaker 1: So V, I don't know about you, but I need

545
00:26:00,080 --> 00:26:02,880
Speaker 1: to take a quick moment to absorb everything. So let's

546
00:26:02,880 --> 00:26:03,840
Speaker 1: go to a really quick break.

547
00:26:03,920 --> 00:26:05,000
Speaker 4: You want to pie?

548
00:26:05,480 --> 00:26:07,919
Speaker 1: I do want to pe to you really got me

549
00:26:07,960 --> 00:26:08,600
Speaker 1: craving a pie.

550
00:26:08,680 --> 00:26:09,960
Speaker 4: I'm going to try and make pie.

551
00:26:10,080 --> 00:26:11,920
Speaker 1: Can you make a pumpkin pie?

552
00:26:12,080 --> 00:26:14,160
Speaker 4: No, but I'll buy one from Costco for you.

553
00:26:14,280 --> 00:26:16,479
Speaker 1: Great's You're welcome.

554
00:26:16,840 --> 00:26:18,640
Speaker 4: Let's go to a break And on the flip side,

555
00:26:18,960 --> 00:26:21,040
Speaker 4: we've got some more investing hot tips for you. Don't

556
00:26:21,080 --> 00:26:21,640
Speaker 4: go anywhere.

557
00:26:25,920 --> 00:26:30,399
Speaker 1: Welcome back everyone. I think we were just about to

558
00:26:30,440 --> 00:26:32,480
Speaker 1: come to the most exciting part of the episode.

559
00:26:32,720 --> 00:26:32,840
Speaker 2: Is it.

560
00:26:33,000 --> 00:26:36,040
Speaker 4: Actually we've been like baiting them. We're like, this is exciting,

561
00:26:36,080 --> 00:26:38,720
Speaker 4: this is sexy. People are listening, going the you have

562
00:26:39,040 --> 00:26:41,320
Speaker 4: rocks in your head and I'm like, yeah, please don't

563
00:26:41,359 --> 00:26:41,960
Speaker 4: take them out.

564
00:26:42,160 --> 00:26:45,200
Speaker 1: They're like, when's this going to be the exciting buddies.

565
00:26:45,400 --> 00:26:47,080
Speaker 1: Sexy is subjective, isn't it.

566
00:26:47,160 --> 00:26:51,160
Speaker 4: Sexy is very subjective. So don't judge us, No, exactly,

567
00:26:51,400 --> 00:26:54,040
Speaker 4: don't yu out. So I know that we have spoken

568
00:26:54,040 --> 00:26:55,800
Speaker 4: about this in the past, but we have not mentioned

569
00:26:55,800 --> 00:26:59,239
Speaker 4: it yet. But I know you say that superannuation is

570
00:26:59,280 --> 00:27:01,680
Speaker 4: the most import an investment of them all.

571
00:27:01,920 --> 00:27:02,520
Speaker 1: Arguably.

572
00:27:02,800 --> 00:27:06,080
Speaker 4: Well, I think it's maybe not the most important investment,

573
00:27:06,119 --> 00:27:09,880
Speaker 4: but an incredibly important investment and arguably the biggest investment

574
00:27:10,000 --> 00:27:13,480
Speaker 4: you will have in your entire lifetime, which probably makes

575
00:27:13,480 --> 00:27:17,840
Speaker 4: it the most important, right, But that's not true for everybody.

576
00:27:18,000 --> 00:27:20,679
Speaker 4: But subernuation is really important to touch on here. If

577
00:27:20,720 --> 00:27:22,680
Speaker 4: we're going to give you, you know, a few actionable

578
00:27:22,680 --> 00:27:26,080
Speaker 4: steps to get you cracking on creating an investment plan. Right,

579
00:27:26,520 --> 00:27:32,720
Speaker 4: supernuation is not actually an investment, beck, Subernuation is a

580
00:27:32,800 --> 00:27:36,919
Speaker 4: tax structure, which makes it sound even more sexy, But

581
00:27:37,080 --> 00:27:39,600
Speaker 4: it's a tax structure, right. Like think of a clown car.

582
00:27:40,320 --> 00:27:44,280
Speaker 4: Supernuation is the clown car, right right, and you get

583
00:27:44,280 --> 00:27:47,199
Speaker 4: to fill your clown car with whatever you want. Like

584
00:27:47,240 --> 00:27:49,280
Speaker 4: you could go get Bonzo the clown and put him

585
00:27:49,320 --> 00:27:50,800
Speaker 4: in your car. You could go get like a circus

586
00:27:50,880 --> 00:27:52,720
Speaker 4: line and put him in the car. You could get

587
00:27:52,720 --> 00:27:55,240
Speaker 4: in the car yourself, like you could literally, you know how,

588
00:27:55,240 --> 00:27:57,560
Speaker 4: in a clown car you can basically fit anything. Yes,

589
00:27:57,560 --> 00:28:02,159
Speaker 4: that's superanuation. You can literally invest in anything inside the

590
00:28:02,200 --> 00:28:05,800
Speaker 4: super environment. Now, it's really cool. It's important to understand

591
00:28:05,880 --> 00:28:09,960
Speaker 4: that nuance when we're talking about super because supernuation, I

592
00:28:09,960 --> 00:28:12,439
Speaker 4: feel like so many of us just think it's a

593
00:28:12,480 --> 00:28:15,400
Speaker 4: super fund. It's an investment. I just check it online,

594
00:28:15,640 --> 00:28:18,680
Speaker 4: and I don't have a lot of control, when in reality,

595
00:28:18,760 --> 00:28:22,359
Speaker 4: you have so much control it's not funny. In fact,

596
00:28:22,400 --> 00:28:25,080
Speaker 4: you could go and open a self managed superfund and

597
00:28:25,119 --> 00:28:28,440
Speaker 4: do absolutely everything yourself. I would not recommend that though,

598
00:28:28,520 --> 00:28:32,639
Speaker 4: because it's actually incredibly regulated now and probably not for

599
00:28:32,680 --> 00:28:35,480
Speaker 4: the best. But that's a conversation for another day. But

600
00:28:35,520 --> 00:28:37,800
Speaker 4: I really like thinking of it as a clown car,

601
00:28:38,000 --> 00:28:40,160
Speaker 4: because you're not going to forget that for one, But

602
00:28:40,280 --> 00:28:42,440
Speaker 4: to this clown car, it kind of.

603
00:28:42,520 --> 00:28:44,160
Speaker 1: Gives you access to the circus.

604
00:28:44,200 --> 00:28:48,200
Speaker 4: And the circus is a very sexy fifteen percent tax rate.

605
00:28:48,560 --> 00:28:50,800
Speaker 4: Right So, right now, most people are going to have

606
00:28:50,840 --> 00:28:53,520
Speaker 4: a tax rate between thirty seven and thirty nine percent, right, Like,

607
00:28:53,560 --> 00:28:56,480
Speaker 4: you're not going to be able to make money and

608
00:28:56,640 --> 00:28:59,440
Speaker 4: only pay fifteen percent tax, Like it just doesn't happen.

609
00:28:59,720 --> 00:29:03,840
Speaker 4: This clown car gives us access two or fifteen percent environment,

610
00:29:04,000 --> 00:29:05,760
Speaker 4: and then we can invest inside of that.

611
00:29:06,160 --> 00:29:08,160
Speaker 1: So we have this asset.

612
00:29:07,920 --> 00:29:10,400
Speaker 4: And it's called super and that's actually the money that

613
00:29:10,440 --> 00:29:12,760
Speaker 4: goes in, and then it's up to you to choose

614
00:29:12,760 --> 00:29:16,880
Speaker 4: where it's invested. Most commonly we use investment funds, so

615
00:29:16,920 --> 00:29:19,560
Speaker 4: you might have host plus or hester you might have

616
00:29:19,600 --> 00:29:22,760
Speaker 4: Australian super We've heard of all of them, right, But

617
00:29:22,800 --> 00:29:27,280
Speaker 4: it's actually up to you to choose what fund reflects

618
00:29:27,280 --> 00:29:30,160
Speaker 4: your values and reflects what you want to choose. And

619
00:29:30,200 --> 00:29:33,000
Speaker 4: I think the coolest thing about super especially right now,

620
00:29:33,000 --> 00:29:34,440
Speaker 4: because Beck, we're in the middle of a cost of

621
00:29:34,440 --> 00:29:37,800
Speaker 4: living crisis, we're talking about investment. It is not beyond

622
00:29:37,880 --> 00:29:41,120
Speaker 4: me that people listening to this episode might be like,

623
00:29:41,320 --> 00:29:44,760
Speaker 4: v I can't invest. You know, at the start of

624
00:29:44,800 --> 00:29:46,720
Speaker 4: the episode, Beck, you asked me like, hey, what if

625
00:29:46,760 --> 00:29:49,200
Speaker 4: we didn't start investing in January? And it was our plan.

626
00:29:49,800 --> 00:29:51,960
Speaker 4: So many of us haven't been able to even though

627
00:29:51,960 --> 00:29:54,880
Speaker 4: it's part of our goals. And that's okay. But one

628
00:29:54,920 --> 00:29:57,480
Speaker 4: way to get ahead is to look at our super

629
00:29:57,960 --> 00:29:59,840
Speaker 4: because it's not going to cost you a thing out

630
00:29:59,840 --> 00:30:02,920
Speaker 4: of your bank account to now actively manage this. To

631
00:30:02,960 --> 00:30:05,200
Speaker 4: go and have a look at what portfolio you're in.

632
00:30:05,400 --> 00:30:08,760
Speaker 4: To make sure that you understand your risk tolerance. Go

633
00:30:08,960 --> 00:30:12,400
Speaker 4: do a free risk tolerance questionnaire. There will be one

634
00:30:12,520 --> 00:30:15,960
Speaker 4: on your superfund website. Go do that and see what

635
00:30:16,000 --> 00:30:18,680
Speaker 4: your risk tolerance is and then make sure your investment

636
00:30:19,000 --> 00:30:22,400
Speaker 4: is reflective of that. If it's too hard, call your

637
00:30:22,440 --> 00:30:26,000
Speaker 4: super fund. You're paying fees for your super fund to

638
00:30:26,040 --> 00:30:29,240
Speaker 4: call these people and answer the questions like it's going

639
00:30:29,320 --> 00:30:31,280
Speaker 4: to help you be in a better position in the

640
00:30:31,320 --> 00:30:34,880
Speaker 4: long term, so that instead of feeling really stagnant and

641
00:30:34,960 --> 00:30:37,960
Speaker 4: like you're not in control of your finances, let's zoom

642
00:30:38,000 --> 00:30:39,840
Speaker 4: out a bit, look at the big picture and go, well,

643
00:30:39,880 --> 00:30:42,720
Speaker 4: I can't really control my budget. I have literally no

644
00:30:42,800 --> 00:30:44,760
Speaker 4: free cash flow, but I can have a look at

645
00:30:44,760 --> 00:30:46,720
Speaker 4: my super and make sure that future me is in

646
00:30:46,760 --> 00:30:49,920
Speaker 4: the best possible position, so that I feel like there

647
00:30:50,000 --> 00:30:51,760
Speaker 4: is a light at the end of the tunnel, Like

648
00:30:52,000 --> 00:30:54,280
Speaker 4: times might be tough right now, but this is just

649
00:30:54,320 --> 00:30:56,680
Speaker 4: a season of lifeback because it's not always going to

650
00:30:56,680 --> 00:30:59,080
Speaker 4: be like that. Because we're caring about our super we

651
00:30:59,200 --> 00:31:01,440
Speaker 4: know what's in there, we know what insurances are in

652
00:31:01,480 --> 00:31:05,239
Speaker 4: there to potentially protect us. So superannuation is something that

653
00:31:05,280 --> 00:31:08,160
Speaker 4: we need to talk about and inside your super beck

654
00:31:08,640 --> 00:31:10,720
Speaker 4: all the assets that we discussed in the first end

655
00:31:10,720 --> 00:31:11,200
Speaker 4: of the show.

656
00:31:11,360 --> 00:31:14,400
Speaker 1: Sure, okay, So if you've like hypothetically never even looked

657
00:31:14,400 --> 00:31:16,000
Speaker 1: at your super you don't maybe you know how much

658
00:31:16,080 --> 00:31:20,000
Speaker 1: is in there, but you've never actively invested that money anywhere.

659
00:31:20,320 --> 00:31:21,280
Speaker 1: Will it just be.

660
00:31:21,240 --> 00:31:25,360
Speaker 4: It'll be automatically invested on your palf. Most usually when

661
00:31:25,400 --> 00:31:27,360
Speaker 4: you got your super fund forms and they handed them

662
00:31:27,400 --> 00:31:29,440
Speaker 4: over to you and said, congrats on the new job, Beck,

663
00:31:29,440 --> 00:31:31,880
Speaker 4: can you return these forms to us? Right, you would

664
00:31:31,920 --> 00:31:34,120
Speaker 4: have said, I don't know what I'm talking about, and

665
00:31:34,120 --> 00:31:38,360
Speaker 4: you would have ticked balanced portfolio yea and been like, h,

666
00:31:38,440 --> 00:31:41,360
Speaker 4: I don't know. Balanced sounds good because often they have

667
00:31:41,520 --> 00:31:44,640
Speaker 4: like in little brackets underneath the balanced most common or

668
00:31:44,680 --> 00:31:46,640
Speaker 4: this is the most popular or whatever, and you go, well,

669
00:31:46,640 --> 00:31:49,640
Speaker 4: if it's popular, I'm in. But more often than not,

670
00:31:50,200 --> 00:31:53,600
Speaker 4: people between the age of twenty and forty are not

671
00:31:53,720 --> 00:31:57,320
Speaker 4: actually balanced investors. So from the research that we've done

672
00:31:57,320 --> 00:31:59,600
Speaker 4: inside of She's on the Money, we know that most

673
00:31:59,600 --> 00:32:02,880
Speaker 4: people in our community are growth or high growth investors

674
00:32:03,000 --> 00:32:05,240
Speaker 4: like they should be, not they should be. They are

675
00:32:05,400 --> 00:32:10,000
Speaker 4: actually growth investors. That's what they've come back as. So

676
00:32:10,160 --> 00:32:12,800
Speaker 4: if you're in that bucket of I don't know my

677
00:32:12,920 --> 00:32:16,360
Speaker 4: risk profile, but I have a default of balanced, and

678
00:32:16,400 --> 00:32:19,760
Speaker 4: you're not actively changing that, that could literally cost you

679
00:32:19,880 --> 00:32:22,840
Speaker 4: hundreds of thousands of dollars in returns over the long term.

680
00:32:23,440 --> 00:32:26,120
Speaker 4: So by going and checking it and making sure you're

681
00:32:26,120 --> 00:32:28,160
Speaker 4: dotting all your eyes and crossing all your t's. It's

682
00:32:28,240 --> 00:32:32,280
Speaker 4: so easy, I promise, And like this is not condescending

683
00:32:32,280 --> 00:32:36,680
Speaker 4: at all, back, but subranuation funds service every single Australian

684
00:32:37,040 --> 00:32:40,880
Speaker 4: that is employed, right, so it has to be understandable.

685
00:32:41,080 --> 00:32:43,040
Speaker 4: They have to talk in a way that makes sense

686
00:32:43,080 --> 00:32:46,640
Speaker 4: and if it doesn't, they're doing you a disservice. So

687
00:32:47,040 --> 00:32:49,440
Speaker 4: go and have a look at your superfund. Make sure

688
00:32:49,480 --> 00:32:53,000
Speaker 4: it's reflective of your actual risk tolerance, because the difference

689
00:32:53,000 --> 00:32:55,800
Speaker 4: between a balanced fund and a high growth fund is

690
00:32:55,840 --> 00:32:58,480
Speaker 4: often at least two hundred thousand dollars by the time

691
00:32:58,520 --> 00:33:01,440
Speaker 4: you retire. Even if if you're not able to invest,

692
00:33:01,600 --> 00:33:04,600
Speaker 4: you know, even a dollar on Chaz's like Beck has,

693
00:33:05,400 --> 00:33:07,040
Speaker 4: you can go and have a bit of a fix

694
00:33:07,120 --> 00:33:08,760
Speaker 4: up with your super and make sure that future use

695
00:33:08,800 --> 00:33:11,240
Speaker 4: in the best possible position. And I think that's really empowering.

696
00:33:11,560 --> 00:33:12,960
Speaker 1: Yeah, Okay, when.

697
00:33:12,920 --> 00:33:14,320
Speaker 4: Was the last time you looked at your super Beck?

698
00:33:15,480 --> 00:33:18,400
Speaker 1: Honestly, actually not that longer. I'm gonna say January.

699
00:33:18,560 --> 00:33:21,680
Speaker 4: Oh exciting. And when you looked at it, were you

700
00:33:21,800 --> 00:33:24,400
Speaker 4: like reviewing your platform or you were you just having

701
00:33:24,400 --> 00:33:25,960
Speaker 4: a look at how much money was in there? Like

702
00:33:25,960 --> 00:33:27,040
Speaker 4: what were you up to in there?

703
00:33:27,320 --> 00:33:29,200
Speaker 1: I was curious. It's like, what's going on here? And

704
00:33:29,240 --> 00:33:33,240
Speaker 1: it's much lower than thought it would be. But I

705
00:33:33,400 --> 00:33:35,240
Speaker 1: changed some things around and I think I'm in a

706
00:33:35,280 --> 00:33:39,120
Speaker 1: good I don't know investment. I like that, So we'll see.

707
00:33:38,880 --> 00:33:41,040
Speaker 4: If you've got a bit of analysis proalysis. One of

708
00:33:41,040 --> 00:33:43,880
Speaker 4: my favorite tools is my super Tool, which is a

709
00:33:43,920 --> 00:33:47,760
Speaker 4: free Australian government run platform that compares all of the

710
00:33:47,760 --> 00:33:52,160
Speaker 4: superannuation funds in Australia apples for apples, like we all

711
00:33:52,160 --> 00:33:54,280
Speaker 4: know those comparison sciites. And don't get me wrong, I

712
00:33:54,320 --> 00:33:56,400
Speaker 4: love a little keepe me a cat with a vest,

713
00:33:56,880 --> 00:34:01,640
Speaker 4: But those are marketing platforms that feed you products based

714
00:34:01,720 --> 00:34:05,120
Speaker 4: on who's paying them the most money. Right, So making

715
00:34:05,160 --> 00:34:06,920
Speaker 4: sure that if you're going to look for a new

716
00:34:06,960 --> 00:34:09,800
Speaker 4: super fund, you're not using a paid platform. You're using

717
00:34:09,840 --> 00:34:13,200
Speaker 4: a government run platform, and beck if it gets too overwhelming,

718
00:34:13,239 --> 00:34:14,640
Speaker 4: you know, like I don't really know how to use this.

719
00:34:15,000 --> 00:34:17,560
Speaker 4: My favorite part of your super Tool is they give

720
00:34:17,600 --> 00:34:20,080
Speaker 4: you the top five funds in Australia and the bottom

721
00:34:20,080 --> 00:34:22,040
Speaker 4: five funds in Australia, and I would say, as a

722
00:34:22,080 --> 00:34:25,080
Speaker 4: basic hygiene, please make sure your super fund is not

723
00:34:25,160 --> 00:34:28,320
Speaker 4: in those bottom five and you're doing not that bad ideally,

724
00:34:28,560 --> 00:34:31,400
Speaker 4: ideally in a perfect world, but I do know also,

725
00:34:31,480 --> 00:34:34,319
Speaker 4: superannuation companies tend to have like their own in build

726
00:34:34,400 --> 00:34:35,400
Speaker 4: financial team.

727
00:34:35,440 --> 00:34:37,080
Speaker 1: They can give you advice and all that kind of things.

728
00:34:37,120 --> 00:34:40,000
Speaker 1: So yeah, take advantage of exactly as you're saying, be

729
00:34:40,160 --> 00:34:44,320
Speaker 1: take advantage. Just to recap, we've gone through investment goals,

730
00:34:44,400 --> 00:34:47,719
Speaker 1: asset classes, risk tolerance. Are you talking.

731
00:34:47,440 --> 00:34:48,040
Speaker 4: Dirty to me?

732
00:34:48,160 --> 00:34:51,080
Speaker 1: I know that's yes, I don't know. It's a loud

733
00:34:51,120 --> 00:34:53,279
Speaker 1: on the shot might have to bleep.

734
00:34:53,040 --> 00:34:55,680
Speaker 4: All of these all of my favorite things.

735
00:34:56,680 --> 00:34:59,040
Speaker 1: We've also obviously talked about super but I guess, like

736
00:34:59,120 --> 00:35:02,160
Speaker 1: on like a more human level, like what actually is

737
00:35:02,280 --> 00:35:06,319
Speaker 1: holding us back? Interest rates? Interest rates and possibly you know,

738
00:35:06,400 --> 00:35:09,120
Speaker 1: like not knowing enough about all of this stuff, which

739
00:35:09,160 --> 00:35:12,440
Speaker 1: is why we're here. Also not really having the funds.

740
00:35:12,560 --> 00:35:14,920
Speaker 1: We totally get it. There's all these things, but it

741
00:35:14,960 --> 00:35:18,360
Speaker 1: can be so empowering. When I jumped into my superannuation

742
00:35:18,400 --> 00:35:20,879
Speaker 1: account and like, I, this is before you this before

743
00:35:20,880 --> 00:35:23,400
Speaker 1: I knew anything. I kind of just like was winging it.

744
00:35:23,719 --> 00:35:26,480
Speaker 1: But there's something so nice about taking this money that

745
00:35:26,560 --> 00:35:30,120
Speaker 1: I didn't put in there myself but did earn and

746
00:35:30,160 --> 00:35:34,160
Speaker 1: putting it in different like risk asset classes. I don't

747
00:35:34,160 --> 00:35:34,440
Speaker 1: really know.

748
00:35:34,560 --> 00:35:36,480
Speaker 4: I'm really impressed. I think I love that you're having

749
00:35:36,560 --> 00:35:37,640
Speaker 4: these conversations now.

750
00:35:37,800 --> 00:35:39,160
Speaker 1: Thank you so much. The old Beck.

751
00:35:39,280 --> 00:35:42,160
Speaker 4: She's gonna be so impressed. No, no, keep her. I

752
00:35:42,200 --> 00:35:42,799
Speaker 4: love her too.

753
00:35:42,960 --> 00:35:46,600
Speaker 1: Yeah, maybe I'll keep her. She's proud. She is proud.

754
00:35:46,640 --> 00:35:47,520
Speaker 1: That's very true.

755
00:35:47,640 --> 00:35:49,080
Speaker 4: But I guess now is a good time to have

756
00:35:49,120 --> 00:35:51,879
Speaker 4: a conversation about, like, what is holding us back Beck

757
00:35:52,640 --> 00:35:55,680
Speaker 4: starting your investment journey. It took I would say, a

758
00:35:55,840 --> 00:35:58,840
Speaker 4: year before you felt confident enough to like download an

759
00:35:58,840 --> 00:36:00,840
Speaker 4: app and like even have look at it. And I

760
00:36:00,840 --> 00:36:03,759
Speaker 4: mean you've started at a baby level, but like that

761
00:36:04,000 --> 00:36:06,600
Speaker 4: is the best type. Right You're dabbling your toes in

762
00:36:06,640 --> 00:36:10,960
Speaker 4: the water, and I'm assuming that that doesn't feel overwhelming. No,

763
00:36:11,360 --> 00:36:14,640
Speaker 4: what was holding you back before or what's been holding

764
00:36:14,680 --> 00:36:16,840
Speaker 4: you back from you know, doing it before?

765
00:36:16,960 --> 00:36:17,160
Speaker 3: Now?

766
00:36:17,520 --> 00:36:20,600
Speaker 1: Genuinely, I think it was it was a number of things.

767
00:36:20,680 --> 00:36:22,760
Speaker 1: It was like not having the money to even start

768
00:36:22,800 --> 00:36:26,279
Speaker 1: in emergency fund. I just started one, which is incided you.

769
00:36:26,440 --> 00:36:29,359
Speaker 1: Actually it's not much in their button, it's there, and

770
00:36:29,840 --> 00:36:33,480
Speaker 1: I think also like not knowing enough about it. It's

771
00:36:33,520 --> 00:36:35,120
Speaker 1: also and I think maybe a lot of people can

772
00:36:35,160 --> 00:36:38,240
Speaker 1: relate to this. There's something so like mentally draining about

773
00:36:38,360 --> 00:36:41,560
Speaker 1: getting myself out of a scroll hole on Instagram and

774
00:36:41,600 --> 00:36:43,879
Speaker 1: going to download something and then signing up and.

775
00:36:43,800 --> 00:36:46,520
Speaker 4: Then I left the algorithm like I live on.

776
00:36:47,400 --> 00:36:50,120
Speaker 1: Yeah, definitely, but once once you get started. I've only

777
00:36:50,120 --> 00:36:52,239
Speaker 1: got twenty five dollars, but god, it feels good. And

778
00:36:52,280 --> 00:36:55,760
Speaker 1: the motivation that I got from just that that inspired

779
00:36:55,800 --> 00:36:58,440
Speaker 1: me to start an emergency fund that inspired me to

780
00:36:58,480 --> 00:37:03,200
Speaker 1: start saving it. I don't know what's happened to myself,

781
00:37:03,239 --> 00:37:06,600
Speaker 1: but like, just like starting so small get realerious. Yeah,

782
00:37:06,640 --> 00:37:09,520
Speaker 1: I really did. Even if you have like five dollars,

783
00:37:09,640 --> 00:37:11,560
Speaker 1: if you put it in a savings accounts like these

784
00:37:11,560 --> 00:37:14,360
Speaker 1: are savings I've named mind savings do not spend, and

785
00:37:14,400 --> 00:37:17,960
Speaker 1: I'm like, there's five dollars in there? Really back totally,

786
00:37:18,080 --> 00:37:21,440
Speaker 1: yeah exactly, So I've actually cured poverty all around.

787
00:37:21,480 --> 00:37:23,440
Speaker 4: But oh my gosh, I love this for us.

788
00:37:23,640 --> 00:37:26,000
Speaker 1: I feel like they're writing an article about me right now.

789
00:37:26,000 --> 00:37:28,239
Speaker 1: I'm making a doco but I'm sure that'll come out soon.

790
00:37:28,480 --> 00:37:31,200
Speaker 1: But no, there's something so nice about just like starting small,

791
00:37:31,239 --> 00:37:32,759
Speaker 1: as small as you want to, as small as you can.

792
00:37:32,840 --> 00:37:34,760
Speaker 4: But it's like a little bite sized piece that doesn't

793
00:37:34,760 --> 00:37:36,919
Speaker 4: feel overwhelming. And I think so many of us set

794
00:37:36,960 --> 00:37:39,719
Speaker 4: goals where we're like, Okay, I'm going to start investing,

795
00:37:40,000 --> 00:37:41,399
Speaker 4: and the way I'm going to do that is I'm

796
00:37:41,400 --> 00:37:43,680
Speaker 4: actually going to save five hundred dollars and then I'm

797
00:37:43,719 --> 00:37:46,720
Speaker 4: going to invest that five hundred dollars is so much money,

798
00:37:46,719 --> 00:37:49,560
Speaker 4: You're going to feel so much responsibility making that decision

799
00:37:49,560 --> 00:37:52,200
Speaker 4: when it comes time to doing that, because it is

800
00:37:52,200 --> 00:37:54,839
Speaker 4: a big decision. And I mean, at the moment, we're

801
00:37:54,880 --> 00:37:56,520
Speaker 4: in the middle of a cost of living crisis, and

802
00:37:56,560 --> 00:37:58,759
Speaker 4: I am pretty sure a lot less of us are

803
00:37:58,800 --> 00:38:02,040
Speaker 4: investing when we actually should be or want to be.

804
00:38:02,560 --> 00:38:05,880
Speaker 4: And I mean, the only way to grow our capital

805
00:38:06,160 --> 00:38:09,440
Speaker 4: and grow the money that we currently have is investment.

806
00:38:10,040 --> 00:38:13,360
Speaker 4: Like it sounds dire, but it's literally the only way

807
00:38:13,520 --> 00:38:17,280
Speaker 4: beck that you are going to make money without exchanging

808
00:38:17,880 --> 00:38:22,240
Speaker 4: your time for cash. And that's how wealth is created.

809
00:38:22,280 --> 00:38:24,640
Speaker 4: And I guess that's why I am so passionate about it.

810
00:38:24,680 --> 00:38:27,759
Speaker 4: And I mean cash it's really sexy and I like

811
00:38:27,800 --> 00:38:30,359
Speaker 4: seeing it in my bank account, but I also want

812
00:38:30,400 --> 00:38:33,040
Speaker 4: future me to be in the best possible position. And

813
00:38:33,080 --> 00:38:36,160
Speaker 4: I mean last year, the stock market actually did really well,

814
00:38:36,200 --> 00:38:38,280
Speaker 4: so if we look at the S and P five hundred,

815
00:38:38,280 --> 00:38:41,239
Speaker 4: which is an index used in the US, it returned

816
00:38:41,560 --> 00:38:45,080
Speaker 4: twenty four percent. Bech, oh, my twenty four percent.

817
00:38:45,280 --> 00:38:46,600
Speaker 1: God, that's my pick.

818
00:38:46,880 --> 00:38:50,160
Speaker 4: That's obviously just reflective of the economy and what's going on,

819
00:38:50,239 --> 00:38:53,120
Speaker 4: because obviously we have quite high interest rates. I mean

820
00:38:53,160 --> 00:38:56,560
Speaker 4: at the moment they're plus five percent, which is a lot.

821
00:38:56,640 --> 00:38:58,799
Speaker 4: A lot of us are experiencing home loans of like

822
00:38:58,880 --> 00:39:01,480
Speaker 4: more than six percent, and there's a whole conversation in

823
00:39:01,520 --> 00:39:05,160
Speaker 4: that coming very soon. Inflation is also really high. Last

824
00:39:05,200 --> 00:39:07,360
Speaker 4: year it was at seven point one percent, and that

825
00:39:07,480 --> 00:39:10,560
Speaker 4: was crippling. Everybody was anxious. So, like, I get why

826
00:39:10,560 --> 00:39:12,759
Speaker 4: we haven't started, and I can also see why so

827
00:39:12,840 --> 00:39:16,160
Speaker 4: many people feel like keeping cash in the bank is

828
00:39:16,200 --> 00:39:19,719
Speaker 4: the smartest thing to do. But it was actually a

829
00:39:19,760 --> 00:39:23,840
Speaker 4: little bit dumb, wasn't it. Like, and our community aren't silly,

830
00:39:24,200 --> 00:39:28,160
Speaker 4: but in hindsight, the share market had a really solid return.

831
00:39:28,640 --> 00:39:32,279
Speaker 4: We're missing out on potentially great returns. So keeping your

832
00:39:32,280 --> 00:39:34,719
Speaker 4: money in a bank is actually, over time, going to

833
00:39:34,800 --> 00:39:38,239
Speaker 4: set you behind. I mean, even with inflation, right, Like

834
00:39:38,320 --> 00:39:41,399
Speaker 4: to make this even more dramatic, it's not dramatic, it's

835
00:39:41,440 --> 00:39:44,399
Speaker 4: just fact, but like, so we know that inflation last

836
00:39:44,480 --> 00:39:46,920
Speaker 4: year was seven point one percent, right, Yeah, can I

837
00:39:47,000 --> 00:39:50,440
Speaker 4: contextualize that for you? So if you just had your

838
00:39:50,480 --> 00:39:53,960
Speaker 4: money in a bank account and it wasn't returning anything

839
00:39:54,040 --> 00:39:56,000
Speaker 4: at the moment. We've got some pretty sexy high interest

840
00:39:56,040 --> 00:39:58,919
Speaker 4: savings accounts that exist, so please make sure you're considering them.

841
00:39:59,400 --> 00:40:02,600
Speaker 4: But if you you just had ten thousand dollars sitting

842
00:40:02,640 --> 00:40:05,920
Speaker 4: in a bank account, you had analysis paralysis, you wanted

843
00:40:05,920 --> 00:40:09,600
Speaker 4: to invest it, but you didn't because of inflation, that

844
00:40:09,719 --> 00:40:14,799
Speaker 4: ten thousand dollars today only buys you nine thousand, two

845
00:40:14,920 --> 00:40:17,879
Speaker 4: hundred and ninety dollars worth of what it could last year.

846
00:40:18,280 --> 00:40:23,879
Speaker 4: That's seven hundred and ten dollars that you have lost technically,

847
00:40:24,120 --> 00:40:26,960
Speaker 4: not physically. You still might have that ten thousand dollars

848
00:40:27,239 --> 00:40:29,800
Speaker 4: inside your savings account and you might go, but V,

849
00:40:29,960 --> 00:40:32,400
Speaker 4: I still have what I had last year. But the

850
00:40:32,480 --> 00:40:36,000
Speaker 4: costs of goods and services last year was seven point

851
00:40:36,000 --> 00:40:38,440
Speaker 4: one percent less than it is this year. So life

852
00:40:38,480 --> 00:40:41,160
Speaker 4: is costing you more this year. Beck, you are spending

853
00:40:41,239 --> 00:40:43,920
Speaker 4: technically seven hundred and ten dollars more than you were

854
00:40:44,000 --> 00:40:44,480
Speaker 4: last year.

855
00:40:44,760 --> 00:40:45,439
Speaker 1: That makes sense.

856
00:40:45,440 --> 00:40:47,640
Speaker 4: That's a lot of money. Yeah, that's a lot of

857
00:40:47,680 --> 00:40:50,040
Speaker 4: money to be making a decision on. So I really

858
00:40:50,120 --> 00:40:53,120
Speaker 4: want people to understand that there's massive risk in not

859
00:40:53,840 --> 00:40:58,080
Speaker 4: taking risk. Is that powerful, But there's massive risk in

860
00:40:58,200 --> 00:41:01,680
Speaker 4: not doing something. And that I think, as my dad

861
00:41:01,760 --> 00:41:03,840
Speaker 4: used to say, is like not making a choice is

862
00:41:03,840 --> 00:41:07,719
Speaker 4: actually making a choice. Yeah, like you're choosing the other outcome.

863
00:41:07,960 --> 00:41:10,080
Speaker 4: You might not be choosing to move, but like that

864
00:41:10,280 --> 00:41:12,759
Speaker 4: is a choice. And I think that the choice not

865
00:41:12,920 --> 00:41:16,600
Speaker 4: to invest, it's actually not risk free. People think that

866
00:41:16,640 --> 00:41:19,359
Speaker 4: they're not. You know, they're saving their butts, but it's

867
00:41:19,400 --> 00:41:22,040
Speaker 4: not risk free. If you leave your money exposed to

868
00:41:22,120 --> 00:41:25,800
Speaker 4: things like inflation over a long period of time, inflation

869
00:41:25,920 --> 00:41:28,040
Speaker 4: eats away at it and then there's not much left.

870
00:41:28,080 --> 00:41:30,320
Speaker 4: And even though you think you're putting future you in

871
00:41:30,360 --> 00:41:34,120
Speaker 4: the best possible position, you're not. So we need to

872
00:41:34,440 --> 00:41:36,640
Speaker 4: talk about I guess what's holding us back? And sometimes

873
00:41:36,680 --> 00:41:39,319
Speaker 4: that's analysis paralysis. We don't know how to make a

874
00:41:39,360 --> 00:41:42,239
Speaker 4: decision because we're just overwhelmed with education and there is

875
00:41:42,280 --> 00:41:44,440
Speaker 4: so much of it today. We might not be in

876
00:41:44,480 --> 00:41:47,880
Speaker 4: a financial position to make that decision. And that's okay.

877
00:41:48,000 --> 00:41:50,080
Speaker 4: That's where we need to zoom out look at things

878
00:41:50,120 --> 00:41:52,799
Speaker 4: like our super and what we can control. We need

879
00:41:52,840 --> 00:41:56,000
Speaker 4: to look at our income. Can we negotiate that, should

880
00:41:56,000 --> 00:41:57,200
Speaker 4: we be changing roles?

881
00:41:57,400 --> 00:41:58,600
Speaker 1: What does that look like.

882
00:42:00,080 --> 00:42:02,360
Speaker 4: In a position where we just don't have a solid

883
00:42:02,360 --> 00:42:05,319
Speaker 4: cash flow plan? Are we just you know, letting money

884
00:42:05,360 --> 00:42:08,759
Speaker 4: slip through our fingers, which you were very guilty of

885
00:42:08,840 --> 00:42:11,480
Speaker 4: last year. And it's not even me going that's a

886
00:42:11,480 --> 00:42:13,560
Speaker 4: bad thing. But like, how much more in control do

887
00:42:13,600 --> 00:42:15,920
Speaker 4: you feel today than you did six months ago?

888
00:42:16,320 --> 00:42:19,840
Speaker 1: Definitely like I'm still spending Like no, we love that.

889
00:42:19,800 --> 00:42:23,000
Speaker 4: We love that, we take every step, yes, the way

890
00:42:23,040 --> 00:42:24,919
Speaker 4: we need to take it. But I think it's really

891
00:42:24,960 --> 00:42:27,480
Speaker 4: important to maybe have a bit of a think about

892
00:42:27,640 --> 00:42:32,800
Speaker 4: personally what's holding you back, because motivation to start investing

893
00:42:32,880 --> 00:42:35,680
Speaker 4: isn't going to come from me or you, Beck, It's

894
00:42:35,719 --> 00:42:37,839
Speaker 4: going to come from internal. Like a lot of people

895
00:42:37,880 --> 00:42:39,279
Speaker 4: are going to say, Beck, how did you get the

896
00:42:39,320 --> 00:42:41,960
Speaker 4: motivation to you know, do X, Y and Z. And

897
00:42:41,960 --> 00:42:44,400
Speaker 4: I can almost guarantee your answer is never going to

898
00:42:44,440 --> 00:42:49,520
Speaker 4: be oh, I just listened to this podcast. Yes, that

899
00:42:49,600 --> 00:42:52,920
Speaker 4: might have been the trigger, but the motivation came from inside.

900
00:42:52,960 --> 00:42:55,240
Speaker 4: You decided that enough was enough and you wanted to change,

901
00:42:55,280 --> 00:42:57,600
Speaker 4: and that has to come from you, and to do

902
00:42:57,640 --> 00:43:00,160
Speaker 4: that you need to understand you. So I understand and

903
00:43:00,280 --> 00:43:02,400
Speaker 4: all of these things that we've spoken about today, but

904
00:43:02,520 --> 00:43:04,600
Speaker 4: also sit down and be like, well, why aren't I

905
00:43:04,680 --> 00:43:06,239
Speaker 4: in the position I would like to be in? And

906
00:43:06,280 --> 00:43:07,800
Speaker 4: how do I get there? Well?

907
00:43:08,320 --> 00:43:10,840
Speaker 1: Powerful do we think we're done here? I feel satisfied?

908
00:43:10,880 --> 00:43:11,640
Speaker 1: Perposal two.

909
00:43:11,800 --> 00:43:15,120
Speaker 4: All right, Well, happy Wednesday, guys. If you're not listening

910
00:43:15,120 --> 00:43:17,200
Speaker 4: to this on a Wednesday, please insert whatever day of

911
00:43:17,200 --> 00:43:20,080
Speaker 4: the week it is, and we'll see you on Friday

912
00:43:20,120 --> 00:43:21,040
Speaker 4: to catch up with the team.

913
00:43:21,080 --> 00:43:21,960
Speaker 1: So you guys are fine.

914
00:43:27,800 --> 00:43:30,320
Speaker 5: The advice shared on She's on the Money is general

915
00:43:30,400 --> 00:43:34,239
Speaker 5: in nature and does not consider your individual circumstances. She's

916
00:43:34,280 --> 00:43:37,760
Speaker 5: on the Money exists purely for educational purposes and should

917
00:43:37,800 --> 00:43:40,920
Speaker 5: not be relied upon to make an investment or financial decision.

918
00:43:41,360 --> 00:43:43,799
Speaker 5: If you do choose to buy a financial product, read

919
00:43:43,800 --> 00:43:47,160
Speaker 5: the PDS TMD and obtain appropriate financial.

920
00:43:46,719 --> 00:43:48,520
Speaker 1: Advice tailored towards your needs.

921
00:43:48,880 --> 00:43:52,840
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

922
00:43:52,880 --> 00:43:56,759
Speaker 5: of money sirper pty Ltd ABN three two one is

923
00:43:56,800 --> 00:44:00,160
Speaker 5: six four nine two seven seven zero eight af I

924
00:44:00,160 --> 00:44:05,560
Speaker 5: sell four five one two eight nine

925
00:44:12,360 --> 00:44:12,799
Speaker 4: Mm hmm