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Speaker 1: Hello.

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

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

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

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

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

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Speaker 2: the elders, the ancestors and the next generation coming through

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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow.

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Speaker 1: Let's get into it. She's on the Money. She's on

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Speaker 1: the Money.

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Speaker 3: Hello, and welcome to Money, the podcast for millennials who

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Speaker 3: want financial freedom.

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Speaker 1: And to read a lot of books.

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Speaker 3: Exactly right. My name is Dodger King and joining me

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Speaker 3: as she always does, is Victoria Divine.

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Speaker 1: It's book Day. It's book Day. It's book Day. So

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Speaker 1: remember that time that I was like, let's start book

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Speaker 1: club and then maybe on the end of Friday drinks,

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Speaker 1: he'll tell you about a book that I really want

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Speaker 1: to share with you. Do you know what we're doing now?

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Speaker 1: We're just doing book episodes and this is five finance

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Speaker 1: books that Victoria Divine believes will change your entire life.

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Speaker 1: I have long wanted to do an entire She's on

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Speaker 1: the Money book club. This is like, is this a

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Speaker 1: soft launch hard launch? Maybe hard launch hard launch?

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Speaker 3: A book club.

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Speaker 1: So it's kind of like the best type of book

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Speaker 1: club as well. It's the book club where you don't

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Speaker 1: have to read the book. Like you turn up to

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Speaker 1: book club, you get the wine, you get to have

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Speaker 1: the cheese. I'll just tell you what happened in the book.

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Speaker 1: You get to socialize, and then you go home a

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Speaker 1: little bit smarter.

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Speaker 3: That is the ideal, isn't it.

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Speaker 1: That's the type of book club I really want to

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Speaker 1: be involved in, because like I always used to want

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Speaker 1: to be involved in book club, and then I realized

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Speaker 1: you had to read the book by the period of

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Speaker 1: time and that was never going to happen for me.

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Speaker 3: So basically, you're selling me these books, which is a

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Speaker 3: hard cell because you know me don't love finance. I'm kidding.

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Speaker 3: I love it using the money.

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Speaker 1: You like learning about it. I feel yeah, because like

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Speaker 1: once you get it, you're like, oh my god, I

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Speaker 1: love this, and then I'm like I'm telling you you

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Speaker 1: love this for a really long time, but it just

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Speaker 1: takes a little bit.

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Speaker 3: It's true, a bit, it's true. So are there different

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Speaker 3: categories of books that we're speaking about today?

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Speaker 1: These are very eclectic. None of these are sponsored posts.

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Speaker 1: Most of the people are either dead or they're overseas

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Speaker 1: so I've never met them. They're just genuinely my number ones. Also,

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Speaker 1: there's a book, it's the number one, that I'm going

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Speaker 1: to recommend again and again and again. It comes up

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Speaker 1: every time you ask me about books. I have already

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Speaker 1: done a book club on it. So I'm going to

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Speaker 1: gloss over it, but I'm actually going to talk about

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Speaker 1: it again because if we're talking about five books that

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Speaker 1: could change your life, like it has to be in

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Speaker 1: there absolutely. So do you want to know?

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Speaker 3: Do you want to start with number one?

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Speaker 1: Do you have a wine? No, it's too early for

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Speaker 1: a wine. It's Wednesday.

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Speaker 3: I've got a lightly sparkling spring water to hydrate my senses,

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Speaker 3: thank you, will Worth.

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Speaker 1: Yeah, it's nice. We are not buying brad name water.

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Speaker 1: Are you ready for book number one? Georgia King? All right,

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Speaker 1: so book number one is going to be absolutely no

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Speaker 1: surprise to She's on the money. Community members It is

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Speaker 1: the richest man in Babylon. It is by a guy

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Speaker 1: called George S. Klassen, and it was written George in

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Speaker 1: nineteen twenty six, a.

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Speaker 3: Long time ago, at least one hundred years.

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Speaker 1: The driest finance book you will read ever. Nobody actually

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Speaker 1: wants to pick this up. And even if you google it,

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Speaker 1: you're like, they didn't even try to try and convince

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Speaker 1: me with the cover. It looks bland. It looks like,

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Speaker 1: you know, when you had to read Animal Farm.

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Speaker 3: By George loved Animal Fair but the cover.

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Speaker 1: Nothing to write home about, wasn't it?

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Speaker 3: You googling, I'm googling, I'm live googling. Okay, I see

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Speaker 3: what they've done there. There's a lion walking up. Some

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Speaker 3: looks like a.

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Speaker 1: Ramp, a fancy version. Mine's just yellow and red. And

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Speaker 1: it's very boring. But it is the book that everybody

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Speaker 1: comes back to because it is the first ever finance

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Speaker 1: book from my own the Starning Plolice correction if I'm wrong,

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Speaker 1: but do it in my DM so it's not so public,

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Speaker 1: but it is the first book on money. Mindset is

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Speaker 1: the first book that really compares and contrasts rich mindset

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Speaker 1: and you know, daily grind mindset. It is all about

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Speaker 1: putting you in the best possible position by teaching you

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Speaker 1: the value of compound interest. And from my perspective, this

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Speaker 1: book is powerful because it's the first one that does that.

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Speaker 1: And it goes back to like Babylonian times, where it's like, okay, cool, Like,

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Speaker 1: let's go back to Babylonian times and actually talk about

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Speaker 1: what it means to invest. And they're not talking about

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Speaker 1: investing in shares. They're actually talking about investing in themselves

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Speaker 1: and putting some money away for rainy days. And you know,

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Speaker 1: if you're going to buy a diamond, George, would you

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Speaker 1: get advice from a bricklayer to do that or would

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Speaker 1: you go to somebody who specializes in gems. It's really

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Speaker 1: about mindset and getting the right advice.

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Speaker 3: All right, But I'm loving your passion. But I am

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Speaker 3: so passionate.

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Speaker 1: I've read this book so many times and it's so

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Speaker 1: dry and it doesn't get easier, but it's just good. Okay,

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Speaker 1: so I'll read it for you.

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Speaker 3: Yeah, perfect, let's liken sit down. Though in three sentences,

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Speaker 3: this book tells us what.

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Speaker 1: It tells us so much more, like I need more

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Speaker 1: than three sentences, but first thing that you might learn

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Speaker 1: from this book is that it wants you to say

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Speaker 1: at least ten percent of everything that you earn, and

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Speaker 1: it doesn't want you to confuse your necessary expenses with

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Speaker 1: your desires.

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Speaker 3: Does that sound familiar, Yes, it died.

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Speaker 1: The second sentence I would use is it tells you

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Speaker 1: to work hard to improve your skills to ensure a

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Speaker 1: future income, because wealth is a result of reliable income

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Speaker 1: stream production.

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Speaker 3: Interesting.

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Speaker 1: And then the third lesson I would say here is

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Speaker 1: that you cannot arrive at the fullest measure of success

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Speaker 1: unless you crush the spirit of procrastination within you. I

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Speaker 1: love that I have not achieved that I have a

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Speaker 1: lot of im and not do that. You need to

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Speaker 1: crush the spirit of procrastination. V See it's written in

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Speaker 1: that tone of voice as well. So it's just like

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Speaker 1: the highest thing. You know how Sometimes you read a

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Speaker 1: book and you'll be like, I need to read that

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Speaker 1: sentence again. Yeah, that's this book.

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Speaker 3: One of those. All right, it sounds like a pillar.

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Speaker 3: But give us the seven simple rules of money. I

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Speaker 3: remember we spoke about this yea now Faturday Drinks episode,

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Speaker 3: let's go over them again.

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Speaker 1: Yes we have. So there's seven simple rules. So Number one,

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Speaker 1: Georgia is start thy purse to fattening. Sure, so start

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Speaker 1: saving money. Fat wallo, we love it. Fat waller equals

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Speaker 1: good according to this book. Number two is control thy expenses,

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Speaker 1: so don't spend more than you need to. Number three

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Speaker 1: is make thy gold multiply and invest wisely. Number four

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Speaker 1: is guard thy treasures from loss, so avoid investments that

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Speaker 1: sound too good to be true. I feel like this

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Speaker 1: is all so important, and I say it's such a

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Speaker 1: pivotal finance book because even though it was written in

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Speaker 1: nineteen twenty six, it's just all valid today. Like how

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Speaker 1: many times have you seen people get swept up with

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Speaker 1: multi level marketing?

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Speaker 3: Yeah, because this sounds.

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Speaker 1: So great, I'm gonna get so rich. Oh my god,

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Speaker 1: I'm going to be side hustling. No, you're not, sit down, sir.

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Speaker 1: So Number five is make thy dwelling a profitable investment

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Speaker 1: and own your own home. So they're maybe not Yeah

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Speaker 1: that's nineteen twenty six. Like guys do here that we're

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Speaker 1: spending all our money on ABC now, Like okay, move on,

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Speaker 1: But also you could like rent out your house on AIRBNBA,

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Speaker 1: so maybe like we can switch that one out. Number

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Speaker 1: six ensure future income, so protect yourself with life insurance.

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Speaker 1: So obviously in nineteen twenty six they weren't talking about

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Speaker 1: life insurance in the same way we are, but obviously

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Speaker 1: very important. And then number seven is improve thy ability

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Speaker 1: to earn, So strive to become wiser and more knowledgeable,

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Speaker 1: and that will thus increase your income. Kind of cool, right,

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Speaker 1: incredibly Uh good tips.

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Speaker 3: I think that's a contribution from me. They've stood the

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Speaker 3: test of time.

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Speaker 1: And that's why I always go back to it when

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Speaker 1: people are like, I really want to learn about money,

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Speaker 1: I'm like, Okay, I know this is such a blend recommendation,

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Speaker 1: and that's why I've spoken about it so much on

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Speaker 1: the podcast. So hopefully you can learn some things and

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Speaker 1: maybe like follow along in the book, maybe have a

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Speaker 1: listen to it in the car, like an audiobook might

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Speaker 1: be easier. I can't imagine how dry that audiobook would be.

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Speaker 3: They need a fun present.

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Speaker 1: I'm going to get it. I'm going to do an

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Speaker 1: audiobook on No, I would not. It was too hard

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Speaker 1: to record my own.

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Speaker 3: Okay. Now, so we love like the longevity of his

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Speaker 3: tips here vibe, but why is this book so groundbreaking?

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Speaker 1: Because he was mad Dog, So George Georgie Boy mad Dog.

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Speaker 1: So he was an American. He's an American author that

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Speaker 1: was born in eighteen seventy four. And this is obviously

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Speaker 1: his best known book because it's the only one that

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Speaker 1: we are putting on this list. He actually had two companies,

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Speaker 1: of which were called the Classton Map Company, which was

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Speaker 1: the first to publish a road atlas in the US

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Speaker 1: and in Canada. And then this book, The Richest Man

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Speaker 1: in Babylon, actually came from him writing a series of

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Speaker 1: informational pamphlets about being thrifty and how to achieve financial success,

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Speaker 1: and then it became a book. Kind of cool, Ah,

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Speaker 1: there you go. So how the podcast became a book?

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Speaker 1: When She's on the money?

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Speaker 3: It all ties to kill.

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Speaker 1: Me classen, I love it. But he started writing pamphlets

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Speaker 1: in nineteen twenty six and then used parables that were

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Speaker 1: set in ancient Babylon to kind of teach people. And

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Speaker 1: then this all rolled into The Richest Man in Babylon,

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Speaker 1: which is called The Richest Man in Babylon The Success

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Speaker 1: Secrets of the Ancients. And then he's the guy who

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Speaker 1: has been credited to coining the phrase pay yourself first. Ah,

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Speaker 1: kind of cool.

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Speaker 3: Wow, there you go. Yeah, a good recap of the

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Speaker 3: richest man in Babylon. Yeah, shall we move on to

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Speaker 3: a Rich Dad, Poor Dad?

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Speaker 2: Oh?

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Speaker 1: I just out of all right, Well that is number

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Speaker 1: two for any of those who wanted any.

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Speaker 3: Type of weight.

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Speaker 1: But yes, we're going to talk about Rich Dad, Poor

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Speaker 1: Dad by Robert Kiyosaki. And that was written in nineteen

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Speaker 1: ninety seven. You're alive, then, won't you. Yeah, you're only small.

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Speaker 3: I was three, I was six. Okay, we could have

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Speaker 3: been such good little friends. Yeah, we would have been

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Speaker 3: little angels.

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Speaker 1: We wouldn't have shut down. I was like that older

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Speaker 1: annoying cousin. I okay, yeah that was me.

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Speaker 3: And so it goes on. This book has been.

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Speaker 1: Very popular in our community. It is a book that

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Speaker 1: so many people recommend. We've had a few threads in

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Speaker 1: our Facebook group historically where people have been like, recommend

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Speaker 1: your favorite finance books, and this one often comes up

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Speaker 1: as number one for very good reason.

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Speaker 3: Tell me in three sentences why.

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Speaker 1: I feel like this three sentences? What you're really attached to,

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Speaker 1: isn't it?

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Speaker 3: Yeah?

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Speaker 1: So, Rich Dad, Poor Dad is about Robert Kiyosaki and

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Speaker 1: his two dads. So his actual real father. He's what

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Speaker 1: he calls in the book poor Dad, and the father

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Speaker 1: of his best friend who is known as rich Dad.

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Speaker 1: And the entire book is about the ways both of

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Speaker 1: these men have shaped his mindset around money and investing

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Speaker 1: and life and how they approach different circumstances. And it

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Speaker 1: really compares and contrasts like rich spending versus poor spending.

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Speaker 1: So you've probably seen me talk historically about you know,

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Speaker 1: obviously we go back to George's book and call it

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Speaker 1: pay yourself first, but paying yourself first and investing and

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Speaker 1: saving before spending the leftover, whereas poor spending is really

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Speaker 1: about spending and then saving and investing what's left over.

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Speaker 1: So it's about kind of flipping those mentalities and what

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Speaker 1: one works better. And I think that it's obvious we

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Speaker 1: all want to create wealth, and we all say pay

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Speaker 1: yourself first and invest first, because if you allocate it first,

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Speaker 1: it's going to be the priority. And that makes sense,

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Speaker 1: and that's what this book is about. So it's really

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Speaker 1: about the ways that both of these men interacted. And

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Speaker 1: then Robert's kind of like this third party to the

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Speaker 1: conversation where he kind of interprets what that means and

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Speaker 1: compares the dads against themselves. There's a few things in

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Speaker 1: it that I don't love, because I obviously don't love

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Speaker 1: comparing and contrasting. And there's obviously a lot of privilege

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Speaker 1: that comes from wealth that I don't think gets acknowledged

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Speaker 1: in this book. But I do think it is quite

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Speaker 1: powerful when it comes to mindset. And you'll probably notice

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Speaker 1: that when I talk about money and talk about investing,

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Speaker 1: I'm not here going read this investing for beginner's guide.

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Speaker 1: We'll get to that, but I'm not telling you to

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Speaker 1: read that book because I actually really want to set

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Speaker 1: your mindset up properly before we get into investing, because

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Speaker 1: what's the point in getting you to invest if you

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Speaker 1: don't see the point? And what's the point in getting

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Speaker 1: you to invest if you don't have the right framework

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Speaker 1: and structure and mindset around it. That second sentence, because

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Speaker 1: like this, that was the first one. The second one

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Speaker 1: is that you don't need a high income to become rich,

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Speaker 1: which is pivotal in the show on the Money community, like,

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Speaker 1: we're not actually trying to get rich here, We're actually

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Speaker 1: trying to create wealth. But to create wealth, we actually

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Speaker 1: don't need a high income it's really about what you

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Speaker 1: are spending, not about what you are earning. I've said

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Speaker 1: this a million times, Like somebody who is earning less

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Speaker 1: but investing a fair bit is going to end up

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Speaker 1: long term in a better position than someone who has

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Speaker 1: a ridiculously high income and he's living their best life

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Speaker 1: and blowing it all. Yeah. The third sentence that I

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Speaker 1: would say summarizes this book is that rich people make

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Speaker 1: their money work for them. And I say this all

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Speaker 1: the time. Make your money work as hard as you

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Speaker 1: do for it, so it's not just sitting in a

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Speaker 1: bank account waiting for you to spend it one day.

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Speaker 1: It's out earning something. Every dollar in your account needs

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Speaker 1: to have a job. And that is, you know, one

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Speaker 1: of the other pivotal things in that book that I

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Speaker 1: think is really important, Like where is that dollar going

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Speaker 1: to work? George? It might actually be going to work

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Speaker 1: in a emergency fund, in which case it's job is

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Speaker 1: to sit there and wait for it to be spent

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Speaker 1: on a rainy day. But if it's an income generating

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Speaker 1: dollar that's coming, what is that going to do? How

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Speaker 1: is it going to work for you? And I think

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Speaker 1: that those those are my three very loving takeaways sentences

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Speaker 1: from that book.

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Speaker 3: When he talks about rich Dad in She's on the

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Speaker 3: Money language, would we call that wealthy Dad, because you

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Speaker 3: know if rich is like, yeah, I think image of

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Speaker 3: wealth where his wealth is actually actual financial freedom.

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Speaker 1: Would you you are? You are on the money, Georgia King,

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Speaker 1: Thank you so much. But yeah, I do steer away

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Speaker 1: from using words like rich because I think rich is

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Speaker 1: very It's the Chanel bag. Yes, it's the visual markers

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Speaker 1: of money that don't necessarily mean you are in a

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Speaker 1: better financial position. It's you know, I would like to

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Speaker 1: think that influencers. I would love to think that all

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Speaker 1: my influencer clients actually wealthy, but like it's kind of

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Speaker 1: seeing influences where dere and Prada and all of these

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Speaker 1: fancy brands all the time it's rich, it's just stuff,

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Speaker 1: like it's not actually putting them in a better position.

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Speaker 1: I think underlyingly, everybody needs to be working towards wealth,

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Speaker 1: not richness, because it's actually wealth is hidden. It shouldn't

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Speaker 1: be private, but it's definitely hidden and you just don't

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Speaker 1: see it. Like Georgie, walk down the street and I've

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Speaker 1: got no idea what's in your savings account? I've got

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Speaker 1: no idea what you're investing in. And that's cool, But

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Speaker 1: like you walk down the street of a Chanel bag

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Speaker 1: and everyone knows you're carrying ten grand, Like, that's not

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Speaker 1: putting you in a better financial position. So I think

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Speaker 1: wealth is all about future you, and rich is all

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Speaker 1: about today you and their actual needs. And that's not

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Speaker 1: nearly as sexy. One hundred percent. The five big ideas

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Speaker 1: from Robert Kosaki's book lay the Money. Number one, the

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Speaker 1: poor and the middle class work for money. The rich

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Speaker 1: have money at work for them. Number two is it's

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Speaker 1: not how much money you make that matters, it's how

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Speaker 1: much you get to keep. Number three. Rich people acquire assets,

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Speaker 1: the poor and middle class acquire liabilities that they think

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Speaker 1: are assets. Yeah, it's a bit of a savage point,

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Speaker 1: isn't it. Number four Financial aptitude is what you do

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Speaker 1: with money once you make it, how you keep people

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Speaker 1: from taking it from you, how to keep it longer,

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Speaker 1: and how to make money work harder for you. So

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Speaker 1: you're kind of getting the vibe of what this book

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Speaker 1: is all about with fourth point, which is basically the

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Speaker 1: same as the first three, and then number five is

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Speaker 1: the single most powerful asset we all have is our minds?

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Speaker 3: So true?

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Speaker 1: Kind of cool.

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Speaker 3: So this is very much like a mindset book and

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Speaker 3: understanding how we relate to money.

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Speaker 1: Yet you're probably not surprised that the case.

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Speaker 3: But yes, what are some of the key vibes in

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Speaker 3: the book that are knocked your socks off?

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Speaker 1: My favorite one is so I'm all about like behavioral

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Speaker 1: investment and like emotional investment. I talk about this a lot.

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Speaker 1: And the first one is that quote people's lives are

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Speaker 1: forever controlled by two emotions, fear and greed. The next

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Speaker 1: thing that I really liked was quote, so many people say, oh,

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Speaker 1: I'm not interested in money, yet they'll work a job

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Speaker 1: for eight hours a day. That kicks you in the

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Speaker 1: shins a little bit. You're like, yeah, I don't care

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Speaker 1: about money. Oh gayb'll blay you're going to earn it.

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Speaker 1: Then the next one is an asset puts money in

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Speaker 1: your pocket. A liability takes money out of your pocket.

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Speaker 3: Makes sense.

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Speaker 1: And then the last one that I thought was pretty

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Speaker 1: powerful is, once you understand the difference between assets and liabilities,

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Speaker 1: concentrate your efforts on buying income generating assets. Nice, I wrote,

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Speaker 1: sheese on the money, and that's just basically like, here's

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Speaker 1: how to do your banking, here's how to set all

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Speaker 1: of this up, and like I basically just borrowed all

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Speaker 1: of these people's hot tips.

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Speaker 3: And puts in them and we will get to that feed.

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Speaker 3: You want to give us an example of an asset

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Speaker 3: and a liability.

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Speaker 1: Yes, Sexy, we spoke about this the other week when

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Speaker 1: we were talking about financial reporting and we were talking

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Speaker 1: about profit and loss. But essentially, an asset is something

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Speaker 1: that's going to do one of two things for you.

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Speaker 1: It's either going to be able to be sold for

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Speaker 1: money or is going to be able to generate you

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Speaker 1: in income. So that could be like an investment property,

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Speaker 1: it could be a share, it could be money in

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Speaker 1: your bank account, it could be something that's helping you,

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Speaker 1: whereas a liability is something that's going to cost you money.

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Speaker 1: You could think in earlier we said, you know, poor

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Speaker 1: people get confused and think that liabilities are actually assets

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Speaker 1: a car loan where they're like, oh, but I get

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Speaker 1: the car. Well, it actually decreases in value over time

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Speaker 1: and you're not actually getting that much out of your

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Speaker 1: actually ending up in a worse off position. And that's

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Speaker 1: one of the things that grinds my gears when people

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Speaker 1: are like yeah, but I like, I'll own the car outright,

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Speaker 1: and I'm like, yeah, after how much money is poured

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Speaker 1: into it? Okay sir. Yeah, it's being confused about wealth

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Speaker 1: assets as well, So spending money on things that you

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Speaker 1: can't get back. Another thing would be like credit card debt,

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Speaker 1: so they'll be like, oh, just paid off later, and

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Speaker 1: it's kind of like, no, that's actually a massive liability,

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Speaker 1: putting you further behind on the wealth creation journey. So

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Speaker 1: a liability is something that puts you in debt or

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Speaker 1: keeps you in debt, and asset is something that creates

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Speaker 1: income for you.

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Speaker 3: Perfect cool. Before we move on to our next book, fee,

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Speaker 3: which I won't spoil, can you tell us a little

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Speaker 3: bit about mister Robert Kyosaki.

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Speaker 1: I can. I feel like his name has gotten a

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Speaker 1: pretty bad rap recently because there have been a number

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Speaker 1: of like what would you call them, like workshops and

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Speaker 1: things that are run under his name. So it's like

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Speaker 1: rich dad, poor dad. Workshops around the world have kind

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Speaker 1: of taken off and they actually have nothing to do

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Speaker 1: with him. Really. Yeah, they're like investing scheme things. You've

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Speaker 1: got to be really careful, Like the book is good,

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Speaker 1: but the workshops not so good. They'll like take you

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Speaker 1: along and like sell you an investment dream and tell

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Speaker 1: you all the principles of this book and how great

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Speaker 1: it is. And then they'll be like, but you need

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Speaker 1: to invest your ro It's twenty thousand dollars upfront. Sign

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Speaker 1: here on the dogline and it's actually terrifying. So don't

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Speaker 1: do that. But tell you a little bit about Robert himself.

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Speaker 1: He's an entrepreneur and an investor and author who teaches

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Speaker 1: financial literacy, what a guy and independence through books, videos,

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Speaker 1: and seminars. So he started off being very good. He

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Speaker 1: is a Hawaiian. He was born in nineteen forty seven

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Speaker 1: and went into the military. He actually also served in Vietnam,

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Speaker 1: which is very powerful. And then in nineteen seventy seven

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Speaker 1: he started a company that brought to market the first

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Speaker 1: nylon and Velcrow surfers wallets.

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Speaker 3: I love Velcrow wallets.

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Speaker 1: Do you do you still have one? I used to

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Speaker 1: have a roxy one and it was like with red

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Speaker 1: edging girl, but like, do you remember the fabric that

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00:18:55,280 --> 00:18:57,040
Speaker 1: their wallets were made out of? And if you got

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Speaker 1: the velcro on the wrong part of the wallet. The

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Speaker 1: wallet kind of ended up a little bit. Yeah, it

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Speaker 1: was really messy, but I didn't want to get a

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Speaker 1: new one because they were really expensive. Down a Poincila Surf.

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Speaker 3: So financiala surf. I love it.

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Speaker 1: Me and my trigger track is and my Havanas walking

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Speaker 1: into pinitial A Surf to get a new wallet.

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Speaker 3: Coolest girl.

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Speaker 1: But essentially that company did end up going bankrupt. George,

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Speaker 1: we were so I was so excited about the wallets.

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Speaker 1: We were the only ones that loved that. But that

438
00:19:25,040 --> 00:19:29,000
Speaker 1: company did go bankrupt, as did his second company, I'm sorry.

439
00:19:29,240 --> 00:19:33,640
Speaker 1: Before he started teaching entrepreneurship investing in social responsibility, which

440
00:19:33,640 --> 00:19:35,040
Speaker 1: I find a bit rich from a guy who.

441
00:19:35,000 --> 00:19:39,760
Speaker 3: Has canceled that. That is bizarre that someone with failed

442
00:19:39,760 --> 00:19:43,240
Speaker 3: businesses could become such a famous entrepreneur.

443
00:19:43,440 --> 00:19:47,520
Speaker 1: I feel like this is so common, and I really.

444
00:19:47,200 --> 00:19:49,840
Speaker 3: Feel like, go throw someone under the bush.

445
00:19:50,440 --> 00:19:52,720
Speaker 1: Do this on this podcast all the time. This is

446
00:19:52,720 --> 00:19:55,359
Speaker 1: why we have next to no sponsors because I've already

447
00:19:55,359 --> 00:19:58,320
Speaker 1: burnt them all. It's one of those things where I

448
00:19:58,359 --> 00:20:02,119
Speaker 1: always find it really interesting. In this twenty twenty two

449
00:20:02,200 --> 00:20:04,600
Speaker 1: it's about the life coach, right, Yeah, like the life

450
00:20:04,600 --> 00:20:06,520
Speaker 1: coach and the business coach. And stuff, and I'm all

451
00:20:06,560 --> 00:20:10,159
Speaker 1: about it, Like I'm someone who really I love mentoring

452
00:20:10,200 --> 00:20:12,359
Speaker 1: and I love having a mentor and learning from them,

453
00:20:12,400 --> 00:20:14,680
Speaker 1: but like, can we please do some credential checks before

454
00:20:14,720 --> 00:20:17,159
Speaker 1: we hire our life coaches. Just because they've got a

455
00:20:17,160 --> 00:20:19,800
Speaker 1: good social following doesn't mean they've actually ever run a

456
00:20:19,840 --> 00:20:22,400
Speaker 1: good business. And the amount of times I've seen people

457
00:20:22,400 --> 00:20:24,000
Speaker 1: pop up being like hey, they like if you ever

458
00:20:24,000 --> 00:20:26,520
Speaker 1: need a business coach like I do, Xyz and I

459
00:20:26,600 --> 00:20:28,400
Speaker 1: have a look and I'm like, when have you ever

460
00:20:29,200 --> 00:20:31,560
Speaker 1: run a business? Like when have you done? Like where

461
00:20:31,600 --> 00:20:33,439
Speaker 1: did you get this knowledge from? Like how am I

462
00:20:33,520 --> 00:20:35,760
Speaker 1: learning from you? So I think that it's just a

463
00:20:35,880 --> 00:20:38,080
Speaker 1: good Obviously he's got a good book and all of

464
00:20:38,119 --> 00:20:40,800
Speaker 1: those principles are really good. But as I prefaced at

465
00:20:40,800 --> 00:20:42,439
Speaker 1: the start of when you asked me about him, I

466
00:20:42,480 --> 00:20:43,880
Speaker 1: was like, oh, this semen I was, are a little

467
00:20:43,880 --> 00:20:46,160
Speaker 1: bit like left field and not something I would really

468
00:20:46,200 --> 00:20:48,320
Speaker 1: like this she's on the money community to engage in.

469
00:20:48,920 --> 00:20:50,919
Speaker 1: I think it's just important to always question where if

470
00:20:50,920 --> 00:20:53,239
Speaker 1: people come from, like who are they, what do they do?

471
00:20:53,359 --> 00:20:55,520
Speaker 1: Why would they be putting this information in front of me?

472
00:20:55,680 --> 00:20:58,439
Speaker 1: And I think that second guessing everything is not a

473
00:20:58,480 --> 00:21:00,640
Speaker 1: bad trait to have. I'm very much it's a glass

474
00:21:00,760 --> 00:21:03,240
Speaker 1: huff full person, but like that's me giving you a

475
00:21:03,240 --> 00:21:05,120
Speaker 1: glass half empty kind of tip.

476
00:21:05,240 --> 00:21:06,360
Speaker 3: It's good to be cynical.

477
00:21:06,640 --> 00:21:08,800
Speaker 1: I think you have to be in this world, especially

478
00:21:08,880 --> 00:21:11,159
Speaker 1: around money and especially around business, and you can just

479
00:21:11,160 --> 00:21:13,760
Speaker 1: get caught up so quickly being like, but this is great,

480
00:21:13,840 --> 00:21:15,760
Speaker 1: this is such a good idea. You're right, this makes sense.

481
00:21:15,800 --> 00:21:18,639
Speaker 1: But like, why is this other person teaching me that? Like,

482
00:21:18,680 --> 00:21:20,560
Speaker 1: how do they profit? Because at the end of the day,

483
00:21:21,480 --> 00:21:25,240
Speaker 1: not everything in the world is free, and yeah, someone somewhere,

484
00:21:25,280 --> 00:21:27,160
Speaker 1: somehow is making money precisely.

485
00:21:27,320 --> 00:21:29,360
Speaker 3: All right, On that note, let's move on to our

486
00:21:29,440 --> 00:21:31,520
Speaker 3: third book of the day. V I'll let you reveal

487
00:21:31,600 --> 00:21:31,960
Speaker 3: this one.

488
00:21:32,240 --> 00:21:35,000
Speaker 1: None of these are by women, and it's so annoying.

489
00:21:35,080 --> 00:21:37,520
Speaker 1: If more women could write more investing books, that would

490
00:21:37,560 --> 00:21:40,359
Speaker 1: be great. The next book, it's by our friend Benjamin Graham.

491
00:21:40,480 --> 00:21:43,879
Speaker 1: It's from nineteen forty nine and it's called The Intelligent Investor.

492
00:21:44,640 --> 00:21:46,119
Speaker 1: That's also really dry.

493
00:21:46,880 --> 00:21:47,800
Speaker 3: Surprise, surprise.

494
00:21:48,280 --> 00:21:50,200
Speaker 1: I bought the audiobook of this and just got through

495
00:21:50,240 --> 00:21:52,280
Speaker 1: the first chapter, didn't like it, read the.

496
00:21:52,200 --> 00:21:54,400
Speaker 3: Book, loved it, So that's interesting.

497
00:21:54,520 --> 00:21:56,800
Speaker 1: Yeah, I mean, I feel like audiobooks are something that

498
00:21:56,840 --> 00:21:58,919
Speaker 1: I really connect with because I can listen to them

499
00:21:58,960 --> 00:22:02,200
Speaker 1: in the car. Yeah, but listening to an investing book.

500
00:22:02,000 --> 00:22:05,480
Speaker 3: I feel like I've just zone out. I feel like also.

501
00:22:04,960 --> 00:22:07,400
Speaker 1: Shooting myself in the foot as someone who in September

502
00:22:07,440 --> 00:22:09,560
Speaker 1: has an investing book coming out that will also have

503
00:22:09,600 --> 00:22:10,880
Speaker 1: an audiobook that I will read.

504
00:22:11,080 --> 00:22:14,560
Speaker 3: Yeah, yeah, it's going to be bored.

505
00:22:14,640 --> 00:22:15,439
Speaker 1: Don't bother with that.

506
00:22:15,600 --> 00:22:21,160
Speaker 3: You've got fun in snazzy presentation style. Girl wonderful, tell

507
00:22:21,200 --> 00:22:22,880
Speaker 3: me about the Intelligent Investor?

508
00:22:23,000 --> 00:22:24,920
Speaker 1: All right, So I like this book because it kind

509
00:22:24,960 --> 00:22:27,879
Speaker 1: of starts to go. So we've had some mindset books.

510
00:22:27,880 --> 00:22:29,800
Speaker 1: We had two mindset books, and now this book kind

511
00:22:29,840 --> 00:22:33,760
Speaker 1: of goes into the actual semantics of being a good

512
00:22:33,840 --> 00:22:37,000
Speaker 1: investor and what that means. So the first sentence I

513
00:22:37,040 --> 00:22:39,840
Speaker 1: have come up with is this book really focuses on

514
00:22:39,880 --> 00:22:43,600
Speaker 1: long term and more risk averse approaches. So Benjamin, he

515
00:22:43,680 --> 00:22:47,400
Speaker 1: focuses on investments that are based on research rather than speculation,

516
00:22:47,520 --> 00:22:50,080
Speaker 1: which is based on predictions. And so I like that

517
00:22:50,119 --> 00:22:53,800
Speaker 1: because again, this is the crux of investing, and I

518
00:22:53,840 --> 00:22:57,320
Speaker 1: think too many times people really skim over mindset, they

519
00:22:57,359 --> 00:22:59,720
Speaker 1: really skim over strategy and structure. And they go straight

520
00:22:59,760 --> 00:23:02,840
Speaker 1: to which ETF should I buy Victoria, I'm like, no, no, no,

521
00:23:03,000 --> 00:23:05,120
Speaker 1: Let's take a few steps back and learn about where

522
00:23:05,119 --> 00:23:06,879
Speaker 1: we're coming from and what our strategy looks like. And

523
00:23:06,960 --> 00:23:09,719
Speaker 1: these books, I feel like like the foundational building blocks

524
00:23:09,720 --> 00:23:12,560
Speaker 1: of how we get there. The second sentence I've come

525
00:23:12,640 --> 00:23:15,880
Speaker 1: up with is the Intelligent Investor provides guidance on how

526
00:23:15,920 --> 00:23:18,879
Speaker 1: to get involved in value investing and how you can

527
00:23:18,920 --> 00:23:21,840
Speaker 1: prevent the market from dictating your financial decisions.

528
00:23:21,840 --> 00:23:22,800
Speaker 3: What's value investing?

529
00:23:22,840 --> 00:23:26,119
Speaker 1: So value investing is really about getting the best value

530
00:23:26,119 --> 00:23:28,800
Speaker 1: for your money, essentially, and I think that it really

531
00:23:28,880 --> 00:23:32,320
Speaker 1: goes back to those behavioral markets and emotional investing journeys

532
00:23:32,320 --> 00:23:34,119
Speaker 1: that a lot of us are on, where we go, oh,

533
00:23:34,160 --> 00:23:37,199
Speaker 1: they got bitcoin wild, like everybody else is buying it,

534
00:23:37,320 --> 00:23:39,719
Speaker 1: I'm going to buy it. That was a terrible idea.

535
00:23:40,280 --> 00:23:43,760
Speaker 1: And so it's really about understanding how the markets perform

536
00:23:44,280 --> 00:23:47,800
Speaker 1: and how media picks up on the way markets perform,

537
00:23:47,800 --> 00:23:51,000
Speaker 1: and how that kind of structures your perception of what's

538
00:23:51,040 --> 00:23:53,919
Speaker 1: going on. So it's really about actually looking for the

539
00:23:54,000 --> 00:23:56,200
Speaker 1: value in a company and breaking it down and going

540
00:23:56,280 --> 00:23:57,960
Speaker 1: what does the profit and loss look like, what does

541
00:23:57,960 --> 00:24:00,200
Speaker 1: the balance sheet look like, how does this work and

542
00:24:00,280 --> 00:24:02,199
Speaker 1: how does this fit together? How does this work for

543
00:24:02,240 --> 00:24:04,560
Speaker 1: my strategy as opposed to, oh my god, I heard

544
00:24:04,600 --> 00:24:07,600
Speaker 1: the afterpay that was a good share to buy? Does

545
00:24:07,640 --> 00:24:09,720
Speaker 1: that make sense? Yea. So it's really about finding the

546
00:24:09,800 --> 00:24:12,520
Speaker 1: value in a company instead of just getting caught up

547
00:24:12,520 --> 00:24:15,080
Speaker 1: in the emotional journey that a lot of us go on.

548
00:24:15,480 --> 00:24:17,600
Speaker 1: And the same can be said for you know, once

549
00:24:17,640 --> 00:24:20,399
Speaker 1: you have something about whether you dispose of it or not,

550
00:24:20,520 --> 00:24:23,240
Speaker 1: so whether you sell an asset and when and how

551
00:24:23,280 --> 00:24:25,040
Speaker 1: that works? Yeap makes sense?

552
00:24:25,119 --> 00:24:25,320
Speaker 3: Sure?

553
00:24:25,880 --> 00:24:30,399
Speaker 1: Cool? Number three is this book also really I guess,

554
00:24:31,200 --> 00:24:35,080
Speaker 1: captures that by understanding your financial position and your goals,

555
00:24:35,280 --> 00:24:38,520
Speaker 1: you can then actually make effective decisions about how you

556
00:24:38,520 --> 00:24:40,720
Speaker 1: manage your money, which I just feel like as a

557
00:24:40,760 --> 00:24:42,879
Speaker 1: no brainer, But we actually have to learn that. We

558
00:24:42,920 --> 00:24:45,439
Speaker 1: can't just be told that. It's just got a really

559
00:24:45,520 --> 00:24:49,320
Speaker 1: good big piece that teaches you how to super understand

560
00:24:49,359 --> 00:24:51,400
Speaker 1: your financial position and your goals and what that means

561
00:24:51,400 --> 00:24:53,800
Speaker 1: and how to make effective decisions on where you want

562
00:24:53,800 --> 00:24:54,840
Speaker 1: to go and what you want to do.

563
00:24:54,960 --> 00:24:57,480
Speaker 3: Any chatting there about money stories.

564
00:24:57,119 --> 00:24:59,160
Speaker 1: No, no money story, No, why would they do that?

565
00:24:59,160 --> 00:24:59,919
Speaker 1: That's very shees on them?

566
00:25:00,320 --> 00:25:02,840
Speaker 3: Well, it is but like understanding your financial position and goals.

567
00:25:02,880 --> 00:25:05,639
Speaker 3: I guess that's more the tangible stuff rather than like

568
00:25:05,760 --> 00:25:07,360
Speaker 3: understanding yourself and your behaviors.

569
00:25:07,480 --> 00:25:10,920
Speaker 1: Yeah, and I think it is definitely less fluffy than

570
00:25:10,960 --> 00:25:13,200
Speaker 1: the way She's On the Money would present it. It's

571
00:25:13,240 --> 00:25:16,199
Speaker 1: definitely about goals and setting a goal and here's the

572
00:25:16,200 --> 00:25:18,800
Speaker 1: structure to achieve that goal. It's not really about understanding

573
00:25:19,080 --> 00:25:21,200
Speaker 1: your base values and goals and just like do you

574
00:25:21,240 --> 00:25:23,240
Speaker 1: know what I mean? It's like not as fluffy, but

575
00:25:23,280 --> 00:25:26,679
Speaker 1: it is a good structure and a good framework to

576
00:25:26,720 --> 00:25:30,280
Speaker 1: start basing decision making on. And some people thrive on that.

577
00:25:30,359 --> 00:25:32,960
Speaker 1: Some people want something a little bit more sterile than

578
00:25:33,200 --> 00:25:35,040
Speaker 1: oh my gosh, I really understand my money story and

579
00:25:35,080 --> 00:25:36,719
Speaker 1: where I've come from, because do you know what, there

580
00:25:36,720 --> 00:25:38,320
Speaker 1: are some people who are just not ready for their

581
00:25:38,359 --> 00:25:40,240
Speaker 1: money stories. There are some people who just don't want

582
00:25:40,280 --> 00:25:42,639
Speaker 1: to face that music because it can be hard, and

583
00:25:42,680 --> 00:25:46,720
Speaker 1: as you see on our Money Diaries episodes like they're complex.

584
00:25:47,359 --> 00:25:50,280
Speaker 1: They're not just complex, but they're emotional and they're hard,

585
00:25:50,480 --> 00:25:53,679
Speaker 1: and working through your money story it's just not something

586
00:25:53,720 --> 00:25:56,760
Speaker 1: that everybody is ready for or even wants to delve into.

587
00:25:56,920 --> 00:25:59,440
Speaker 1: So I think that this is quite a good way

588
00:25:59,440 --> 00:26:01,560
Speaker 1: of going on. Well, he's how to understand a financial

589
00:26:01,560 --> 00:26:04,360
Speaker 1: position and goals and work towards them. I do obviously

590
00:26:04,400 --> 00:26:06,200
Speaker 1: think it's far more powerful. You're going to understand the

591
00:26:06,280 --> 00:26:08,879
Speaker 1: background to all of that. But you get what you

592
00:26:08,880 --> 00:26:09,919
Speaker 1: get and you don't get upset.

593
00:26:09,960 --> 00:26:12,159
Speaker 3: George. That's it, isn't it, mate. Let's talk about the

594
00:26:12,200 --> 00:26:14,840
Speaker 3: key points of the book. If we can just run

595
00:26:14,840 --> 00:26:15,840
Speaker 3: through them quickly.

596
00:26:15,600 --> 00:26:18,159
Speaker 1: We can, all right, So first things first, the issue

597
00:26:18,160 --> 00:26:21,040
Speaker 1: with inflation. So inflation is really important to take into

598
00:26:21,040 --> 00:26:23,239
Speaker 1: consideration and has been a very hot topic in our

599
00:26:23,240 --> 00:26:25,959
Speaker 1: community recently because of the rising cost of living and

600
00:26:26,040 --> 00:26:28,440
Speaker 1: how much inflation is going to be applied to our

601
00:26:28,520 --> 00:26:32,800
Speaker 1: help debts. So inflation is important. But essentially cash becomes

602
00:26:32,880 --> 00:26:35,600
Speaker 1: less valuable over time, and a dollar today is not

603
00:26:35,640 --> 00:26:39,200
Speaker 1: worth what a dollar tomorrow is worth. So for example,

604
00:26:39,560 --> 00:26:42,040
Speaker 1: a dollar ten years ago is worth more than a

605
00:26:42,080 --> 00:26:46,760
Speaker 1: dollar today. Therefore, instead of holding on to cash, Benny,

606
00:26:47,000 --> 00:26:49,679
Speaker 1: our mate, Benny, he says, we must be investing cash

607
00:26:49,720 --> 00:26:52,359
Speaker 1: so that we can beat inflation. And despite this, the

608
00:26:52,400 --> 00:26:55,639
Speaker 1: majority of investors don't take inflation into account, which is

609
00:26:55,840 --> 00:26:58,960
Speaker 1: so important. And I'm obviously going to promote my own

610
00:26:58,960 --> 00:27:03,600
Speaker 1: book later. But I have just spent so long calculating

611
00:27:03,640 --> 00:27:07,000
Speaker 1: out the difference of taking into consideration inflation and not

612
00:27:07,160 --> 00:27:09,760
Speaker 1: taking it into consideration. And my friends, I am telling

613
00:27:09,800 --> 00:27:11,879
Speaker 1: you right now, is the difference between a comfortable and

614
00:27:11,920 --> 00:27:13,320
Speaker 1: a very uncomfortable retirement.

615
00:27:13,440 --> 00:27:14,159
Speaker 3: Really, there you go.

616
00:27:14,359 --> 00:27:17,680
Speaker 1: Absolutely. The next is really based on property, So it's

617
00:27:17,720 --> 00:27:21,800
Speaker 1: that essentially real estate investment trusts can overcome inflation. So

618
00:27:21,880 --> 00:27:25,560
Speaker 1: that's an interesting point to take into consideration, but also

619
00:27:25,960 --> 00:27:28,439
Speaker 1: important to remember that this book was written in nineteen

620
00:27:28,560 --> 00:27:32,560
Speaker 1: forty nine and property has significantly changed, So let's take

621
00:27:32,640 --> 00:27:35,679
Speaker 1: that point with a very large grain of salt. The

622
00:27:35,680 --> 00:27:37,960
Speaker 1: next is that choosing which type of investor you should

623
00:27:37,960 --> 00:27:40,200
Speaker 1: become is based on your willingness to put in time

624
00:27:40,240 --> 00:27:43,159
Speaker 1: and energy and effort into your portfolio and circumstances, and

625
00:27:43,200 --> 00:27:47,200
Speaker 1: don't let your age deside. The next is defensive investing.

626
00:27:47,600 --> 00:27:51,199
Speaker 1: So a defensive investor should apparently have a minimum of

627
00:27:51,240 --> 00:27:54,520
Speaker 1: twenty five percent of their savings in bonds and then

628
00:27:54,680 --> 00:27:57,639
Speaker 1: a maximum of seventy five percent of their savings in chess.

629
00:27:57,640 --> 00:27:58,320
Speaker 3: Do you agree with that?

630
00:27:58,400 --> 00:28:01,040
Speaker 1: Not necessarily, but it's an interesting point to be taken.

631
00:28:01,440 --> 00:28:03,800
Speaker 1: The next year is our mate Benny advises on how

632
00:28:03,840 --> 00:28:06,800
Speaker 1: to actually invest in stocks. So, for example, day trading

633
00:28:06,880 --> 00:28:10,040
Speaker 1: is really risky, so I think talking about what type

634
00:28:10,080 --> 00:28:13,120
Speaker 1: of stock investment you're going to do, so for example,

635
00:28:13,400 --> 00:28:15,879
Speaker 1: working out what type of share investing is going to

636
00:28:15,920 --> 00:28:18,320
Speaker 1: work best for you, and like I guarantee you, even

637
00:28:18,359 --> 00:28:20,560
Speaker 1: though this was written in nineteen forty nine, day trading,

638
00:28:20,600 --> 00:28:23,600
Speaker 1: it's still not Probably the best idea can be a

639
00:28:23,600 --> 00:28:26,000
Speaker 1: little bit fun. Your mate over this side of the table,

640
00:28:26,040 --> 00:28:28,959
Speaker 1: Georgia King loves to have a dabble, but it is

641
00:28:29,320 --> 00:28:32,320
Speaker 1: very risky. We aren't going to do that for our retirement.

642
00:28:32,440 --> 00:28:34,879
Speaker 1: So I think that's a very good point. The next

643
00:28:34,920 --> 00:28:39,160
Speaker 1: is to adopt an evidence based approach when investing, really important,

644
00:28:39,720 --> 00:28:44,440
Speaker 1: evidence based, Like it's not sexy, this investing stuff, Like

645
00:28:44,480 --> 00:28:47,240
Speaker 1: it's just not and I wish I could make it sexy.

646
00:28:47,440 --> 00:28:50,719
Speaker 1: But the sexier and investing strategy sounds, the more risky

647
00:28:50,800 --> 00:28:52,959
Speaker 1: it is likely to be. And the best type of

648
00:28:53,000 --> 00:28:57,040
Speaker 1: investments are so boring, it's so bland, Like you shouldn't

649
00:28:57,040 --> 00:29:00,000
Speaker 1: be looking at your investing portfolio and having this absolutely

650
00:29:00,040 --> 00:29:03,040
Speaker 1: emotional rollercoaster every time you look. It should be like, oh, yeah,

651
00:29:03,080 --> 00:29:03,560
Speaker 1: there she is.

652
00:29:03,680 --> 00:29:06,760
Speaker 3: That's true. So it's like a boring old marriage. You've

653
00:29:06,760 --> 00:29:11,760
Speaker 3: been together thirty years, true, she's tested, Yeah, not cheated

654
00:29:11,800 --> 00:29:12,000
Speaker 3: on me?

655
00:29:12,120 --> 00:29:12,360
Speaker 2: Yeah?

656
00:29:12,400 --> 00:29:13,560
Speaker 3: Perfect, Yeah, exactly.

657
00:29:13,600 --> 00:29:16,360
Speaker 1: What you don't want to a bad boy, No bad

658
00:29:16,440 --> 00:29:19,880
Speaker 1: breaks our heart, No bad boys who break our hearts exactly.

659
00:29:20,640 --> 00:29:22,600
Speaker 1: I guess is that you can make a lot of

660
00:29:22,640 --> 00:29:26,480
Speaker 1: money off market volatility, but you should never sell your

661
00:29:26,560 --> 00:29:27,720
Speaker 1: stocks in a panic.

662
00:29:27,880 --> 00:29:29,280
Speaker 3: We know that, Yeah, be true.

663
00:29:29,520 --> 00:29:35,680
Speaker 1: Absolutely. And the next next by which I've included, but

664
00:29:35,760 --> 00:29:37,080
Speaker 1: I don't really like it.

665
00:29:37,240 --> 00:29:37,640
Speaker 3: What is it?

666
00:29:37,680 --> 00:29:40,920
Speaker 1: Pee, it's don't trust and just be careful about using

667
00:29:40,960 --> 00:29:45,160
Speaker 1: financial advisors. Interesting, But I think that that's really valid

668
00:29:45,200 --> 00:29:48,480
Speaker 1: because when this book was written, there was no obligation.

669
00:29:49,040 --> 00:29:51,120
Speaker 1: And if we actually go back to nineteen forty nine

670
00:29:51,120 --> 00:29:54,280
Speaker 1: and what financial advice used to be, so financial advice

671
00:29:54,320 --> 00:29:57,320
Speaker 1: actually came out of selling insurance. It never actually came

672
00:29:57,320 --> 00:29:59,840
Speaker 1: out of putting people in the best possible financial position.

673
00:30:00,080 --> 00:30:03,760
Speaker 1: Financial advisors literally existed to sell life insurance policies, and

674
00:30:03,800 --> 00:30:06,120
Speaker 1: to me, they were all snakes. That is why this

675
00:30:06,240 --> 00:30:09,680
Speaker 1: industry has had to have such a turnaround and such

676
00:30:09,800 --> 00:30:14,520
Speaker 1: a different mindset. And nowadays financial advisors are not in

677
00:30:14,560 --> 00:30:17,719
Speaker 1: it to just sell product, whereas historically that's what it was.

678
00:30:17,760 --> 00:30:20,200
Speaker 1: They would sell you product, they would take insurance, they

679
00:30:20,240 --> 00:30:23,240
Speaker 1: would sell you anything under the sun. And nowadays that

680
00:30:23,400 --> 00:30:26,040
Speaker 1: is so incredibly different. Obviously, there are a lot of

681
00:30:26,040 --> 00:30:28,040
Speaker 1: good eggs, like this guy who wrote this book. He

682
00:30:28,120 --> 00:30:30,920
Speaker 1: was a great guy. But it's so important to you know,

683
00:30:31,000 --> 00:30:33,200
Speaker 1: always be wary. And that's why we're always like, check

684
00:30:33,280 --> 00:30:37,120
Speaker 1: that your financial advisor is actually registered. Check how many

685
00:30:37,160 --> 00:30:41,680
Speaker 1: people are actually happy with that financial advisor, like go fishing.

686
00:30:41,680 --> 00:30:43,440
Speaker 1: It's kind of like finding a good doctor. If you're

687
00:30:43,440 --> 00:30:45,320
Speaker 1: not comfortable talking to them, how are you going to

688
00:30:45,320 --> 00:30:47,719
Speaker 1: tell them your deepest, darkest goals and secrets and powers

689
00:30:47,760 --> 00:30:50,440
Speaker 1: and like it Just definitely take it with a grain

690
00:30:50,480 --> 00:30:52,560
Speaker 1: of salt, but yeah, do need to probably be really

691
00:30:52,600 --> 00:30:54,880
Speaker 1: transparent and tell you that he said, Beau about using

692
00:30:54,920 --> 00:30:56,080
Speaker 1: financial advisors of it.

693
00:30:56,320 --> 00:30:59,000
Speaker 3: But as you said, the context of the year in

694
00:30:59,000 --> 00:31:01,240
Speaker 3: which he wrote this stuff really come into play, so.

695
00:31:01,480 --> 00:31:04,720
Speaker 1: One hundred percent, And to be honest, that still exists today.

696
00:31:04,760 --> 00:31:07,080
Speaker 1: Because who's your best mate, George Accadic? She's not your

697
00:31:07,080 --> 00:31:08,560
Speaker 1: best mate, but who was Melissa Caadic?

698
00:31:08,760 --> 00:31:13,000
Speaker 3: So Melissa Kadick was in quotation marks a financial advisor,

699
00:31:13,120 --> 00:31:16,200
Speaker 3: but she wasn't really she was a silly little missy

700
00:31:16,320 --> 00:31:18,920
Speaker 3: who ripped off full of her family and friends. She

701
00:31:19,040 --> 00:31:21,080
Speaker 3: stole millions and millions of dollars from them.

702
00:31:21,080 --> 00:31:24,680
Speaker 1: There's a really good podcast out right now, yes by

703
00:31:24,680 --> 00:31:27,080
Speaker 1: the Sydney Morning Herald, and I am obsessed with it.

704
00:31:27,440 --> 00:31:30,160
Speaker 1: But I would absolutely go listen to that. But also

705
00:31:30,520 --> 00:31:32,880
Speaker 1: kind of scary because she quite it was like mainly

706
00:31:32,920 --> 00:31:35,960
Speaker 1: her friends and family as well, she was investing. She

707
00:31:36,080 --> 00:31:37,960
Speaker 1: ripped them all off, she took their money, and then

708
00:31:38,080 --> 00:31:40,960
Speaker 1: she disappeared. Yep, she'd been found.

709
00:31:41,200 --> 00:31:42,520
Speaker 3: No, her foot has been found.

710
00:31:43,000 --> 00:31:44,920
Speaker 1: It was actually confirmed her foot. I haven't got that

711
00:31:44,960 --> 00:31:47,160
Speaker 1: far into the podcast. Oly god, let's move away from this,

712
00:31:47,200 --> 00:31:50,280
Speaker 1: but it's a really spicy podcast series. But essentially she

713
00:31:50,440 --> 00:31:53,040
Speaker 1: was faking being a financial adviser and taking people's money

714
00:31:53,080 --> 00:31:55,520
Speaker 1: and that was only happening what last year. I think

715
00:31:55,560 --> 00:31:57,360
Speaker 1: her foot was found in like twenty twenty one or

716
00:31:57,400 --> 00:32:00,200
Speaker 1: something wild crasically run away for that.

717
00:32:00,280 --> 00:32:01,800
Speaker 3: But the way that she did that all was by

718
00:32:01,800 --> 00:32:04,160
Speaker 3: putting on like extra numbers or less numbers on like

719
00:32:04,200 --> 00:32:05,600
Speaker 3: commsick accounts and stuff like that.

720
00:32:05,680 --> 00:32:07,920
Speaker 1: Like I actually really need to be it's actually so

721
00:32:08,040 --> 00:32:10,480
Speaker 1: messed up and you should question everything and That's why

722
00:32:11,000 --> 00:32:14,960
Speaker 1: it's so beautiful having clients like I adore my job,

723
00:32:15,040 --> 00:32:17,120
Speaker 1: and as you guys know, I am so obsessed with

724
00:32:17,160 --> 00:32:19,400
Speaker 1: being financial advisor. I love my clients, I love the

725
00:32:19,400 --> 00:32:21,160
Speaker 1: work I do, I love the strategy. I feel like

726
00:32:21,200 --> 00:32:24,040
Speaker 1: it's married all of my favorite things together and I

727
00:32:24,080 --> 00:32:27,080
Speaker 1: get to do that as a career. But there's one

728
00:32:27,120 --> 00:32:29,680
Speaker 1: thing that I just can't deal with, and it's when

729
00:32:29,720 --> 00:32:31,280
Speaker 1: clients coming they're like, no, V, I know you know

730
00:32:31,320 --> 00:32:33,200
Speaker 1: what you're talking about, and I'm like, no, please sit down.

731
00:32:33,280 --> 00:32:35,800
Speaker 1: I actually just really want to show you through this. No,

732
00:32:35,840 --> 00:32:37,960
Speaker 1: don't waste my time, it doesn't matter. I'm like, it

733
00:32:38,040 --> 00:32:39,760
Speaker 1: matters to me. Like I don't want you to go

734
00:32:39,760 --> 00:32:41,880
Speaker 1: to a barbecue on a weekend and someone goes, hey, like,

735
00:32:42,080 --> 00:32:44,600
Speaker 1: where's your financial advisor? Keep xyz? Like I want you

736
00:32:44,680 --> 00:32:48,440
Speaker 1: to know. And even if you don't use that information

737
00:32:48,480 --> 00:32:50,320
Speaker 1: and you don't e a log into your portal, I

738
00:32:50,320 --> 00:32:52,840
Speaker 1: don't care that at least you have that access and

739
00:32:52,880 --> 00:32:54,960
Speaker 1: you know how to do it. It's kind of like

740
00:32:55,320 --> 00:32:57,760
Speaker 1: in a relationship when you know, you get a little

741
00:32:57,760 --> 00:33:00,440
Speaker 1: bit comfortable and your partner's always paying the bills and stuff,

742
00:33:00,560 --> 00:33:02,360
Speaker 1: but you don't know how to do that, Like, I

743
00:33:02,360 --> 00:33:04,240
Speaker 1: don't think that's good enough. I think you need to

744
00:33:04,280 --> 00:33:05,760
Speaker 1: know how to pay the bills, even if it's not

745
00:33:05,760 --> 00:33:08,720
Speaker 1: your responsibility. Like we always need to be across where

746
00:33:08,760 --> 00:33:10,760
Speaker 1: our assets are and what's going on and how it

747
00:33:10,800 --> 00:33:12,880
Speaker 1: works and how we can access them. And I just

748
00:33:12,880 --> 00:33:16,000
Speaker 1: think that it's so important. So I would say, also

749
00:33:16,160 --> 00:33:19,360
Speaker 1: be really careful obviously talking to anyone about your finances

750
00:33:19,360 --> 00:33:21,440
Speaker 1: and just find the right fit for you. But yes,

751
00:33:21,800 --> 00:33:22,840
Speaker 1: we can move on perfect.

752
00:33:22,920 --> 00:33:24,720
Speaker 3: I think let's go to a little break because we

753
00:33:24,760 --> 00:33:27,480
Speaker 3: still have two hot books to get to and this

754
00:33:27,520 --> 00:33:36,480
Speaker 3: has gone for a really long time, so don't go anyway. Alrighty,

755
00:33:36,520 --> 00:33:39,480
Speaker 3: welcome back, guys. We've got our two final books to

756
00:33:39,640 --> 00:33:41,000
Speaker 3: talk through today.

757
00:33:41,360 --> 00:33:43,800
Speaker 1: Ved we can probably pay a guessing game of what

758
00:33:43,920 --> 00:33:46,040
Speaker 1: one of those books is, but we'll get to that last.

759
00:33:46,160 --> 00:33:49,200
Speaker 3: Yeah, yeah, give us numberfore go on.

760
00:33:49,320 --> 00:33:52,959
Speaker 1: Right, sorry. Number four is one of my other favorites.

761
00:33:53,520 --> 00:33:56,040
Speaker 1: It's called Think and Grow Rich. I would like to

762
00:33:56,160 --> 00:33:59,800
Speaker 1: change this book's name Think and Grow Wealthy is why

763
00:34:00,040 --> 00:34:02,560
Speaker 1: would like to change it too? And it sounds fancy

764
00:34:02,600 --> 00:34:05,320
Speaker 1: because the guy who wrote this is called Napoleon, so

765
00:34:05,360 --> 00:34:08,280
Speaker 1: his name's Napoleon Hill and it was written in nineteen.

766
00:34:07,840 --> 00:34:09,719
Speaker 3: At thirty seven, another old game.

767
00:34:09,880 --> 00:34:12,440
Speaker 1: Yeah again, grain of salt when we read these books,

768
00:34:12,480 --> 00:34:16,200
Speaker 1: but they're tried and true for a reason, and they

769
00:34:16,200 --> 00:34:19,840
Speaker 1: are staples in the investment community for a reason. And

770
00:34:19,880 --> 00:34:22,520
Speaker 1: it's kind of like, why would you rewrite it? Like

771
00:34:22,880 --> 00:34:25,239
Speaker 1: I didn't even bother trying because they can't do half

772
00:34:25,280 --> 00:34:27,200
Speaker 1: as good a job. And the thing that annoys me

773
00:34:27,239 --> 00:34:29,719
Speaker 1: about this book least is that it's just like men.

774
00:34:29,880 --> 00:34:32,880
Speaker 1: And that's fine, but I will pump my tires up

775
00:34:32,920 --> 00:34:35,960
Speaker 1: at the end. But like, because of the time and

776
00:34:35,960 --> 00:34:39,520
Speaker 1: because of when these books were written and the underlying lessons,

777
00:34:39,520 --> 00:34:42,120
Speaker 1: like women were not writing books on investing, like that

778
00:34:42,160 --> 00:34:44,839
Speaker 1: didn't come until like literally, I think the early two

779
00:34:44,840 --> 00:34:47,480
Speaker 1: thousands was one of the first investing books that was

780
00:34:47,520 --> 00:34:51,560
Speaker 1: written by a woman. And even then, like we're not

781
00:34:51,640 --> 00:34:53,799
Speaker 1: naming names or talking about books like it's it's the

782
00:34:53,880 --> 00:34:57,200
Speaker 1: old formulas. And I really like going back to where

783
00:34:57,239 --> 00:34:59,120
Speaker 1: did this actually come from? Like if we're going to

784
00:34:59,160 --> 00:35:02,480
Speaker 1: talk about, you know, these investing methodologies, like which was

785
00:35:02,520 --> 00:35:04,600
Speaker 1: the book that actually started it? So I can read

786
00:35:04,640 --> 00:35:07,080
Speaker 1: that so whenever I read another book, I know where

787
00:35:07,080 --> 00:35:10,040
Speaker 1: those methodologies are coming from. And I think it's important

788
00:35:10,080 --> 00:35:11,680
Speaker 1: to kind of like get those ducks in a row.

789
00:35:11,760 --> 00:35:14,280
Speaker 1: But Thing and Grow Rich by Napoleon Hill from nineteen

790
00:35:14,360 --> 00:35:18,359
Speaker 1: thirty seven is a very good book and has yeah,

791
00:35:18,560 --> 00:35:20,760
Speaker 1: lots of information in it that I think you will adore.

792
00:35:20,800 --> 00:35:23,960
Speaker 3: Georgia King to still it down in three sentences, please.

793
00:35:23,800 --> 00:35:26,640
Speaker 1: Bekay, well before we get there. It's not nearly as

794
00:35:26,719 --> 00:35:28,960
Speaker 1: dry to read it as The Rich as Nana Babylon

795
00:35:29,120 --> 00:35:32,759
Speaker 1: or the Intelligent Investor. It's also not as good to

796
00:35:32,800 --> 00:35:34,760
Speaker 1: read as She's on the Money, which I would argue

797
00:35:34,800 --> 00:35:36,280
Speaker 1: is of a tone of voice that you and I

798
00:35:36,400 --> 00:35:40,319
Speaker 1: enjoy slightly more. But first sentence is that Napoleon Hill

799
00:35:40,360 --> 00:35:43,600
Speaker 1: researched more than forty millionaires to find out what made

800
00:35:43,680 --> 00:35:48,120
Speaker 1: them the men that they were, right, okay, kind of cool.

801
00:35:48,200 --> 00:35:50,480
Speaker 1: So this is like a little bit of a different

802
00:35:51,920 --> 00:35:55,480
Speaker 1: like take on wealth. It's really about looking at, well,

803
00:35:55,640 --> 00:35:58,359
Speaker 1: how did you get rich? Like you're rich? Obviously they

804
00:35:58,400 --> 00:36:02,760
Speaker 1: were all men, because millionaire nineteen thirty seven, that could

805
00:36:02,800 --> 00:36:03,640
Speaker 1: not be a woman.

806
00:36:03,719 --> 00:36:06,839
Speaker 3: When did women have access to bank accounts? Do you know?

807
00:36:07,200 --> 00:36:09,919
Speaker 1: I can't tell you that date. But what I can

808
00:36:10,040 --> 00:36:12,279
Speaker 1: tell you is that my mom is going to be

809
00:36:12,400 --> 00:36:15,440
Speaker 1: very mad that I'm telling you, guys on a podcast,

810
00:36:15,520 --> 00:36:17,640
Speaker 1: she's in her sixties. She's probably going to be mad

811
00:36:17,719 --> 00:36:19,279
Speaker 1: because you wouldn't be able to guess she was in

812
00:36:19,280 --> 00:36:22,280
Speaker 1: her sixties, so she'd be mad that that information out.

813
00:36:22,480 --> 00:36:25,000
Speaker 1: But my mom, when she was in her early twenties

814
00:36:25,040 --> 00:36:27,400
Speaker 1: started a business, and she had to get her dad

815
00:36:27,440 --> 00:36:30,760
Speaker 1: to co sign at least to actually get her business.

816
00:36:30,800 --> 00:36:33,760
Speaker 1: So even when my mom, this is like thirty thirty

817
00:36:33,840 --> 00:36:36,759
Speaker 1: five is years ago, and same thing happened when she

818
00:36:36,800 --> 00:36:39,200
Speaker 1: wanted to buy her first house even though she had

819
00:36:39,200 --> 00:36:41,120
Speaker 1: earned all the money herself and wanted to do it

820
00:36:41,120 --> 00:36:44,560
Speaker 1: all herself. Guys, that wasn't that long ago. Like this

821
00:36:44,719 --> 00:36:46,960
Speaker 1: is my mom. We're not talking about my grandparents here.

822
00:36:47,040 --> 00:36:50,000
Speaker 1: We're talking about my mom not being able to run

823
00:36:50,040 --> 00:36:53,279
Speaker 1: a business because she was a female. Because what would

824
00:36:53,360 --> 00:36:55,040
Speaker 1: we know that we are? We are women?

825
00:36:55,600 --> 00:36:59,160
Speaker 3: Wow, give me an next point, Vedra.

826
00:36:58,680 --> 00:37:02,400
Speaker 1: This is very fluffy point. We like it. Napoleon, good work.

827
00:37:02,760 --> 00:37:05,600
Speaker 1: He says whatever the mind can conceive and believe the mind.

828
00:37:05,480 --> 00:37:07,319
Speaker 3: Can achieve, like manifestation.

829
00:37:07,520 --> 00:37:10,719
Speaker 1: Yeah, I think he was friends with Jessica. And then

830
00:37:10,920 --> 00:37:14,360
Speaker 1: the number three is opportunity has a sly habit of

831
00:37:14,440 --> 00:37:17,919
Speaker 1: slipping in by the back door and often is disguised

832
00:37:17,960 --> 00:37:21,200
Speaker 1: in the form of misfortune or temporary defeat, which is

833
00:37:21,200 --> 00:37:24,560
Speaker 1: why so many people fail to recognize an opportunity.

834
00:37:24,680 --> 00:37:25,279
Speaker 3: I love that.

835
00:37:25,560 --> 00:37:28,120
Speaker 1: I adore that, which is why it made number three.

836
00:37:28,200 --> 00:37:30,520
Speaker 1: And I think that that's where you know, maykey while

837
00:37:30,560 --> 00:37:34,799
Speaker 1: the sun's shining, but also always see a negative situation

838
00:37:35,120 --> 00:37:37,520
Speaker 1: for what it could potentially be, not what it is.

839
00:37:37,400 --> 00:37:40,279
Speaker 3: Absolutely right, So I love that. So B, would you

840
00:37:40,280 --> 00:37:44,239
Speaker 3: say this book is more about psychology than like practical.

841
00:37:43,760 --> 00:37:47,479
Speaker 1: Tips, Yes, absolutely, it's It's definitely about following those forty

842
00:37:47,520 --> 00:37:50,040
Speaker 1: millionaires and really understanding how they got rich. I would

843
00:37:50,040 --> 00:37:53,040
Speaker 1: call it probably like a personal development or a self

844
00:37:53,040 --> 00:37:57,160
Speaker 1: improvement book. And Napoleon, how could that name?

845
00:37:57,280 --> 00:37:58,160
Speaker 3: It's pretty boss.

846
00:37:58,160 --> 00:37:59,680
Speaker 1: I'm going to put it on the baby name list

847
00:37:59,760 --> 00:38:03,160
Speaker 1: for But Napoleon claimed to have written the book after

848
00:38:03,239 --> 00:38:06,040
Speaker 1: he claimed to be inspired by suggestion from the business

849
00:38:06,040 --> 00:38:12,399
Speaker 1: magnate and later philanthropist Andrew Carnegie, who you might Haegie Hall. Well, yeah,

850
00:38:12,440 --> 00:38:14,839
Speaker 1: I'm pretty sure. But he was essentially the person that

851
00:38:15,040 --> 00:38:17,400
Speaker 1: led the expansion of the American steel industry in the

852
00:38:17,480 --> 00:38:20,320
Speaker 1: late nineteenth century and became one of the richest Americans

853
00:38:20,320 --> 00:38:22,680
Speaker 1: in history, which is kind of cool. He then became

854
00:38:22,800 --> 00:38:25,319
Speaker 1: like a super big philanthropist, so he just gave heaps

855
00:38:25,360 --> 00:38:27,319
Speaker 1: of money away in the US and in Britain, which

856
00:38:27,360 --> 00:38:29,520
Speaker 1: is kind of cool. But that book Think and Grow

857
00:38:29,600 --> 00:38:32,719
Speaker 1: Rich was actually published during the Great Depression and was

858
00:38:32,719 --> 00:38:34,879
Speaker 1: seen as a book that kind of inspired a lot

859
00:38:34,880 --> 00:38:37,560
Speaker 1: of people during a period of downturn. And the book

860
00:38:37,640 --> 00:38:40,759
Speaker 1: was sold more than fifteen million times. Kind of cool. Right,

861
00:38:41,280 --> 00:38:45,040
Speaker 1: still remains as a top seller, and it remains obviously

862
00:38:45,080 --> 00:38:49,600
Speaker 1: Napoleon Hill's number one seller. But BusinessWeek magazine best Seller's

863
00:38:49,640 --> 00:38:52,759
Speaker 1: list actually ranked it as the sixth best selling paperback

864
00:38:52,840 --> 00:38:56,600
Speaker 1: business book seventy years after it was published. That's incredible.

865
00:38:56,680 --> 00:38:59,319
Speaker 1: That's pretty cool, says it all. That'll obviously be she's

866
00:38:59,320 --> 00:39:02,319
Speaker 1: on the money guy. Obviously, seventy years from now, they're

867
00:39:02,320 --> 00:39:05,320
Speaker 1: gonna be like, who's this girl is talking about bank accounts?

868
00:39:05,320 --> 00:39:07,399
Speaker 1: They don't even exist anymore yet.

869
00:39:07,600 --> 00:39:10,280
Speaker 3: True, But you talk me through the five big ideas

870
00:39:10,280 --> 00:39:12,040
Speaker 3: of this book, all right, so let's just still it down.

871
00:39:12,080 --> 00:39:13,680
Speaker 1: There were a lot of big ideas in this book

872
00:39:13,719 --> 00:39:15,920
Speaker 1: that I really really like, and I think you genuinely

873
00:39:15,960 --> 00:39:17,799
Speaker 1: should read this again because it's one of the less

874
00:39:17,880 --> 00:39:20,200
Speaker 1: dry books on the list. But the first big idea

875
00:39:20,320 --> 00:39:23,120
Speaker 1: is that the starting point of all achievement is desire.

876
00:39:23,719 --> 00:39:26,080
Speaker 1: You've just got to want to do it. And how

877
00:39:26,080 --> 00:39:28,520
Speaker 1: many people set goals whether they're like, not that motivated

878
00:39:28,560 --> 00:39:29,960
Speaker 1: to do it, and then they're wondering why they're not

879
00:39:30,000 --> 00:39:35,760
Speaker 1: achieving things. Next is g again Fluffy, definitely a mindset

880
00:39:35,800 --> 00:39:38,920
Speaker 1: self improvement book. You are the master of your destiny.

881
00:39:39,160 --> 00:39:39,839
Speaker 3: I love that.

882
00:39:39,880 --> 00:39:41,680
Speaker 1: It's kind of cute, but it's also really true. And

883
00:39:41,719 --> 00:39:43,399
Speaker 1: I really like it because if you look like she's

884
00:39:43,400 --> 00:39:45,160
Speaker 1: on the money, look at our money diarists and how

885
00:39:45,200 --> 00:39:47,680
Speaker 1: they change their entire lives like they are the masters

886
00:39:47,680 --> 00:39:49,759
Speaker 1: of their destiny. And I think that's really powerful. Like

887
00:39:50,000 --> 00:39:52,120
Speaker 1: you can change your situation. It doesn't matter where you

888
00:39:52,160 --> 00:39:53,959
Speaker 1: are standing right now, you can do it, and that's

889
00:39:54,000 --> 00:39:57,800
Speaker 1: really cool. Number three is that when defeat comes accepted

890
00:39:57,880 --> 00:40:00,560
Speaker 1: as a signal that your plans are not sound, rebuild

891
00:40:00,560 --> 00:40:04,279
Speaker 1: those plans and set sail once more towards your coveted goal.

892
00:40:04,520 --> 00:40:05,960
Speaker 1: Lovely you like that one.

893
00:40:06,160 --> 00:40:07,320
Speaker 3: I loved that one.

894
00:40:07,560 --> 00:40:10,279
Speaker 1: Yeah. Number four is your greatest success will often come

895
00:40:10,520 --> 00:40:13,440
Speaker 1: just one step beyond the point and which defeat has

896
00:40:13,480 --> 00:40:14,400
Speaker 1: overtaken you.

897
00:40:14,480 --> 00:40:15,280
Speaker 3: This is huge.

898
00:40:15,400 --> 00:40:18,359
Speaker 1: I feel like it's Fluffye, it's really nice. It's kind

899
00:40:18,360 --> 00:40:20,560
Speaker 1: of like the two steps forward one step back. Is

900
00:40:20,600 --> 00:40:22,759
Speaker 1: that the right thing? Maybe I should maybe not use

901
00:40:23,160 --> 00:40:25,160
Speaker 1: stuff like that. Maybe we should just go with his

902
00:40:25,360 --> 00:40:27,680
Speaker 1: which was your greatest success will often come just one

903
00:40:27,719 --> 00:40:30,160
Speaker 1: step beyond the point at which defeat has overtaken you.

904
00:40:30,480 --> 00:40:33,719
Speaker 1: I just think that's really inspirational. Napoleon, you're a good guy.

905
00:40:34,200 --> 00:40:36,200
Speaker 1: Would you get a coffee with Napoleon if he's by,

906
00:40:36,480 --> 00:40:38,239
Speaker 1: of course I would. Yeah, you'd get a coffee with

907
00:40:38,320 --> 00:40:42,440
Speaker 1: anyone you are supersting. And then number five is set

908
00:40:42,440 --> 00:40:45,040
Speaker 1: your mind on a definite goal and observe how quickly

909
00:40:45,080 --> 00:40:47,400
Speaker 1: the world stands aside to let you pass.

910
00:40:47,719 --> 00:40:50,120
Speaker 3: Set your mind on a definite goal and observe how

911
00:40:50,200 --> 00:40:52,200
Speaker 3: quickly the world. This isn't going in my brain.

912
00:40:52,280 --> 00:40:55,560
Speaker 1: It's about flush maindset. It's about if you ask my

913
00:40:55,640 --> 00:40:58,120
Speaker 1: mama would be about asking the universe for something, like

914
00:40:58,160 --> 00:41:00,400
Speaker 1: if you want something, you go out and you get it.

915
00:41:00,480 --> 00:41:03,440
Speaker 1: And it's kind of about what is that theory? It's

916
00:41:03,480 --> 00:41:05,920
Speaker 1: like the theory of like when you see something, it

917
00:41:06,040 --> 00:41:08,560
Speaker 1: just starts appearing everywhere. It's like have you ever seen

918
00:41:08,880 --> 00:41:11,279
Speaker 1: all right, this is gonna get you. Amy Lenardi, if

919
00:41:11,320 --> 00:41:13,279
Speaker 1: you are listening, high love you. This is our thing.

920
00:41:13,640 --> 00:41:15,360
Speaker 1: We're always like, do you know what we never see

921
00:41:16,000 --> 00:41:19,360
Speaker 1: Honda Jazz is in the color yellow? And then do

922
00:41:19,400 --> 00:41:21,960
Speaker 1: you know what I see everywhere now? Jazz is in

923
00:41:22,000 --> 00:41:24,040
Speaker 1: the color yellow. So now I text her every time

924
00:41:24,040 --> 00:41:26,200
Speaker 1: I see a Honda Jazz in the color yellow. Also,

925
00:41:26,239 --> 00:41:27,840
Speaker 1: if you own one of those and you're in Melbourne

926
00:41:27,880 --> 00:41:30,400
Speaker 1: and you've seen me just like walking down Smith Street

927
00:41:30,440 --> 00:41:32,279
Speaker 1: taking a photo of your car, I'm sorry. I was

928
00:41:32,320 --> 00:41:34,719
Speaker 1: just sending it to Amy because it's our thing. But

929
00:41:34,920 --> 00:41:37,920
Speaker 1: it's about like setting a clear goal and being really

930
00:41:37,920 --> 00:41:41,560
Speaker 1: intentionable about that and then everything kind of like and

931
00:41:41,600 --> 00:41:43,680
Speaker 1: it falls into place. You can find the things you

932
00:41:43,719 --> 00:41:46,680
Speaker 1: need to find to actually make that happen, Like the

933
00:41:46,719 --> 00:41:49,240
Speaker 1: world will make it happen if you want it to happen.

934
00:41:49,360 --> 00:41:51,000
Speaker 1: In a way, it's kind of fluffy. It's very just

935
00:41:51,000 --> 00:41:53,680
Speaker 1: good re chee, which we love. But it's one of

936
00:41:53,719 --> 00:41:56,239
Speaker 1: those things where the more you believe it, the more

937
00:41:56,280 --> 00:41:57,800
Speaker 1: you can achieve it, the more you're like, if you

938
00:41:57,800 --> 00:41:59,440
Speaker 1: can see it, you can become it kind of vibes.

939
00:41:59,680 --> 00:42:01,360
Speaker 3: This is big, big inspo.

940
00:42:01,640 --> 00:42:05,439
Speaker 1: Yeah, it's energy development self development book vibes like it's

941
00:42:05,600 --> 00:42:08,560
Speaker 1: partly an investment book at the same time as being

942
00:42:08,680 --> 00:42:10,920
Speaker 1: very much about like setting your mind on things. And

943
00:42:11,000 --> 00:42:13,160
Speaker 1: you see this in our community all the time when

944
00:42:13,200 --> 00:42:15,120
Speaker 1: people are like, I've just decided I'm really going to

945
00:42:15,200 --> 00:42:17,040
Speaker 1: pay off this debt, and then they end up achieving

946
00:42:17,040 --> 00:42:19,719
Speaker 1: it early because they pick up another option or an

947
00:42:19,719 --> 00:42:22,399
Speaker 1: opportunity to like have a side hustle or do something.

948
00:42:22,400 --> 00:42:25,439
Speaker 1: And it's let's be honest, it actually all distills down

949
00:42:25,440 --> 00:42:27,160
Speaker 1: to you actually doing what you said you were going

950
00:42:27,200 --> 00:42:30,080
Speaker 1: to do. The world isn't actually spoon feeding you this stuff.

951
00:42:30,080 --> 00:42:32,279
Speaker 1: It's about you finding a way in the world to

952
00:42:32,360 --> 00:42:35,080
Speaker 1: get this done. And that's kind of cool. But we

953
00:42:35,120 --> 00:42:36,480
Speaker 1: could be a bit fluffy about it. Yeah.

954
00:42:36,520 --> 00:42:39,719
Speaker 3: Absolutely. It's worth noting that three out of the five

955
00:42:39,840 --> 00:42:43,040
Speaker 3: books that we've chosen to speak about today are between

956
00:42:43,080 --> 00:42:44,720
Speaker 3: sixty and seventy years old.

957
00:42:44,800 --> 00:42:47,040
Speaker 1: Yeah, they're real old, and that's kind of how I

958
00:42:47,120 --> 00:42:48,239
Speaker 1: am on the inside.

959
00:42:48,480 --> 00:42:48,760
Speaker 2: Yeah.

960
00:42:48,880 --> 00:42:49,720
Speaker 3: Yeah.

961
00:42:49,160 --> 00:42:51,480
Speaker 1: And also I feel like I could have gone through

962
00:42:51,520 --> 00:42:53,640
Speaker 1: and picked a whole heap of books from people I

963
00:42:53,680 --> 00:42:55,919
Speaker 1: really love, Like I could have picked Glenn James's book

964
00:42:55,960 --> 00:42:58,720
Speaker 1: Sought Your Money Out Now, which is a friggin good book,

965
00:42:58,840 --> 00:43:01,200
Speaker 1: Like if you haven't read that, absolutely should be reading that.

966
00:43:01,239 --> 00:43:04,080
Speaker 1: And maybe that can be like the honorary sixth book

967
00:43:04,160 --> 00:43:07,000
Speaker 1: on this list of five but love your Glennie. But

968
00:43:07,160 --> 00:43:09,040
Speaker 1: it's one of those things where I just really wanted

969
00:43:09,040 --> 00:43:11,480
Speaker 1: to pick books that were really about mindset and putting

970
00:43:11,520 --> 00:43:13,400
Speaker 1: you in the right position to take control of your

971
00:43:13,440 --> 00:43:17,080
Speaker 1: life because it's easy, Like the investing part is easy,

972
00:43:17,120 --> 00:43:19,400
Speaker 1: and I don't want to make it sound so easy

973
00:43:19,400 --> 00:43:22,719
Speaker 1: that I'm being condescending, but it is really easy once

974
00:43:22,760 --> 00:43:24,480
Speaker 1: you have a goal, you have a mindset, and you

975
00:43:24,520 --> 00:43:27,480
Speaker 1: have the right mentality around investing and creating wealth and

976
00:43:27,560 --> 00:43:31,360
Speaker 1: changing your life, Like it's not hard, but the hard

977
00:43:31,400 --> 00:43:34,040
Speaker 1: thing is getting yourself mentally to that stage where you

978
00:43:34,080 --> 00:43:36,880
Speaker 1: can sacrifice things, because in order to create wealth, we

979
00:43:36,920 --> 00:43:39,520
Speaker 1: do have to have some level of sacrifice. Like it

980
00:43:39,640 --> 00:43:42,760
Speaker 1: is you putting off something that you could have today, George,

981
00:43:42,800 --> 00:43:44,719
Speaker 1: so you can have a bigger, better one later down

982
00:43:44,719 --> 00:43:47,640
Speaker 1: the track. Yeah, And that mentality is really hard to

983
00:43:47,719 --> 00:43:49,719
Speaker 1: actually come by. It's so easy to say it's so

984
00:43:49,760 --> 00:43:52,200
Speaker 1: easy to put on a podcast, but it's actually really

985
00:43:52,280 --> 00:43:55,239
Speaker 1: hard to be putting today you in a control seat

986
00:43:55,280 --> 00:43:57,040
Speaker 1: where you just say oh no, like I would like

987
00:43:57,080 --> 00:43:59,319
Speaker 1: another coffee, or I would really like to buy that top,

988
00:43:59,360 --> 00:44:01,960
Speaker 1: and you're saying no to you today, so that future

989
00:44:02,000 --> 00:44:04,319
Speaker 1: you can have a better future. Like that's a really

990
00:44:04,360 --> 00:44:07,640
Speaker 1: hard mentality to actually grasp and take hold and actually

991
00:44:07,719 --> 00:44:10,160
Speaker 1: put yourself in that control seat of So think for

992
00:44:10,280 --> 00:44:13,400
Speaker 1: what I do. I really wanted to pick books that

993
00:44:13,880 --> 00:44:15,840
Speaker 1: put you in that control seat so that when you

994
00:44:15,880 --> 00:44:17,839
Speaker 1: do read books like sort your Money out Now or

995
00:44:17,880 --> 00:44:19,720
Speaker 1: She's on the Money, which we're going to talk about now,

996
00:44:20,239 --> 00:44:22,720
Speaker 1: you're ready to take control and you're ready to actually

997
00:44:22,760 --> 00:44:24,520
Speaker 1: implement all of those things, and you're going to be

998
00:44:24,560 --> 00:44:27,280
Speaker 1: so much more successful. So that's why my book list

999
00:44:27,400 --> 00:44:30,840
Speaker 1: or my reading list is definitely a little bit more dated.

1000
00:44:31,280 --> 00:44:34,879
Speaker 1: But with dated comes tried and true strategy and philosophy

1001
00:44:34,920 --> 00:44:36,960
Speaker 1: and things that you know, all of the stuff we've

1002
00:44:36,960 --> 00:44:40,520
Speaker 1: talked about today, George, it's still tried and true today,

1003
00:44:40,560 --> 00:44:42,840
Speaker 1: except for the property parts, which you know, we know

1004
00:44:42,880 --> 00:44:43,719
Speaker 1: about the avocados.

1005
00:44:43,760 --> 00:44:46,200
Speaker 3: Ye're all good, Yeah, So the basics down the test

1006
00:44:46,200 --> 00:44:46,560
Speaker 3: of time.

1007
00:44:46,680 --> 00:44:48,160
Speaker 1: They do. Indeed, my friend.

1008
00:44:47,960 --> 00:44:51,719
Speaker 3: Tell us now, miss Victoria Devine about our final book

1009
00:44:51,760 --> 00:44:54,840
Speaker 3: of today, which is, of course she is on the Money.

1010
00:44:54,880 --> 00:44:56,080
Speaker 3: By Victoria Divine.

1011
00:44:56,320 --> 00:44:58,440
Speaker 1: Oh my gosh, I think is the greatest book to

1012
00:44:58,600 --> 00:44:59,879
Speaker 1: have ever been written ever.

1013
00:45:00,000 --> 00:45:02,200
Speaker 3: Well, can you tell me a little bit about why

1014
00:45:02,239 --> 00:45:02,759
Speaker 3: you wrote it?

1015
00:45:03,520 --> 00:45:06,480
Speaker 1: Why did I write it? I wrote it because I

1016
00:45:06,719 --> 00:45:11,920
Speaker 1: was afforded this beautiful opportunity to take our community and

1017
00:45:12,080 --> 00:45:14,799
Speaker 1: our podcast and all of the knowledge I have as

1018
00:45:14,800 --> 00:45:17,600
Speaker 1: a financial advisor and put it in a book. Never

1019
00:45:17,640 --> 00:45:19,880
Speaker 1: in my wildest dreams did I think that I would

1020
00:45:19,920 --> 00:45:22,839
Speaker 1: be an author, Like, that's crazy. I used to make

1021
00:45:22,960 --> 00:45:25,640
Speaker 1: kids books when I was like in primary school. Yeah,

1022
00:45:25,680 --> 00:45:28,120
Speaker 1: and I used to like fold over the colored paper

1023
00:45:28,200 --> 00:45:30,040
Speaker 1: and have them as the cover on the front, and

1024
00:45:30,200 --> 00:45:32,080
Speaker 1: like to make it like more legit. I would like

1025
00:45:32,200 --> 00:45:34,560
Speaker 1: use heaps of tape in like strips so it could

1026
00:45:34,560 --> 00:45:37,320
Speaker 1: be like a laminated front cover, and I draw them anyway.

1027
00:45:37,640 --> 00:45:40,719
Speaker 1: I loved books, and I wanted to have my own,

1028
00:45:40,800 --> 00:45:44,680
Speaker 1: and this idea that I could have a book was crazy.

1029
00:45:44,760 --> 00:45:48,520
Speaker 1: And so when I got approached by our publishers at Penguin,

1030
00:45:48,680 --> 00:45:51,360
Speaker 1: obviously that is so cool to be approached to write

1031
00:45:51,360 --> 00:45:53,480
Speaker 1: a book, I just knew that I didn't want it

1032
00:45:53,520 --> 00:45:55,000
Speaker 1: to be a book where I was like, cool, let's

1033
00:45:55,000 --> 00:45:57,480
Speaker 1: just chuck my brand on something. It was like I

1034
00:45:57,480 --> 00:46:00,319
Speaker 1: could change people's lives, Like you look at the foot

1035
00:46:00,360 --> 00:46:04,000
Speaker 1: Investor and you go, that changed people's lives, and that

1036
00:46:04,040 --> 00:46:06,799
Speaker 1: book wasn't even putting them in the best possible position ever,

1037
00:46:07,360 --> 00:46:09,640
Speaker 1: Like how cool would it be if I could do that?

1038
00:46:09,760 --> 00:46:11,720
Speaker 1: And how cool would it be if I could collect

1039
00:46:11,800 --> 00:46:14,399
Speaker 1: up all of these gems of knowledge that have been

1040
00:46:14,440 --> 00:46:17,200
Speaker 1: shared in our community but also have been shared, you know,

1041
00:46:17,239 --> 00:46:20,200
Speaker 1: by me having worked as a financial advisor, and just

1042
00:46:20,280 --> 00:46:23,919
Speaker 1: even stuff like my banking structure. People were raving about

1043
00:46:23,960 --> 00:46:25,520
Speaker 1: it when I would just share like a random PDF

1044
00:46:25,520 --> 00:46:26,880
Speaker 1: in our Facebook group and I'd be like, well, this

1045
00:46:26,920 --> 00:46:28,360
Speaker 1: is how I do my banking, and I think you

1046
00:46:28,360 --> 00:46:30,560
Speaker 1: could really benefit from this, to be like Pictorioa's has

1047
00:46:30,640 --> 00:46:33,680
Speaker 1: changed my life, the idea that that could then be

1048
00:46:33,760 --> 00:46:37,400
Speaker 1: on scale, and that it's now in literally in the

1049
00:46:37,400 --> 00:46:39,560
Speaker 1: homes of thousands and thousands of people, and we've won

1050
00:46:39,600 --> 00:46:43,080
Speaker 1: awards for this book, Like what very very cool, George.

1051
00:46:43,080 --> 00:46:46,000
Speaker 1: It's sick and I'm nearly done. I am actually done.

1052
00:46:46,000 --> 00:46:49,000
Speaker 1: We're going through the like copywriting process at the moment.

1053
00:46:49,000 --> 00:46:51,640
Speaker 1: Because it turns out I might be good at the

1054
00:46:51,719 --> 00:46:53,480
Speaker 1: logistics of a book. I might be good at the

1055
00:46:53,520 --> 00:46:55,640
Speaker 1: stats and facts I'm not nearly as fun as I

1056
00:46:55,640 --> 00:46:58,880
Speaker 1: would like to be, especially because we have investing wishes

1057
00:46:58,920 --> 00:47:01,319
Speaker 1: on the money coming out in sept We're going through

1058
00:47:01,320 --> 00:47:03,840
Speaker 1: that process. But like the idea, we have a second book,

1059
00:47:04,080 --> 00:47:07,480
Speaker 1: Hu Wild Hue, so proud, but so wild. But I

1060
00:47:07,520 --> 00:47:10,239
Speaker 1: wrote it because I actually just wanted to take all

1061
00:47:10,280 --> 00:47:12,839
Speaker 1: of these nuggets of wisdom and gift them to you

1062
00:47:12,960 --> 00:47:16,319
Speaker 1: in one really easy to read book that spoke to

1063
00:47:16,360 --> 00:47:20,239
Speaker 1: you in your language in a way that was not overwhelming,

1064
00:47:20,719 --> 00:47:22,400
Speaker 1: in a way that felt like I was on the

1065
00:47:22,440 --> 00:47:24,799
Speaker 1: journey with you and put you in a position to

1066
00:47:24,880 --> 00:47:27,319
Speaker 1: actually take charge of your financial future. So we're not

1067
00:47:27,360 --> 00:47:29,279
Speaker 1: talking about like, oh my god, go and invest in X,

1068
00:47:29,360 --> 00:47:31,799
Speaker 1: Y and Z and making these things really complicated. We're

1069
00:47:31,800 --> 00:47:34,680
Speaker 1: not just talking about, you know, investing mindset. I would

1070
00:47:34,719 --> 00:47:36,520
Speaker 1: really love to think that I've brought all those things

1071
00:47:36,600 --> 00:47:39,239
Speaker 1: together and then structured the book in a way where

1072
00:47:39,360 --> 00:47:42,799
Speaker 1: each single chapter is a different step to put you

1073
00:47:42,840 --> 00:47:44,719
Speaker 1: on a better path. Which is why at the end

1074
00:47:44,760 --> 00:47:46,640
Speaker 1: of my book, if you've probably not read it, because

1075
00:47:46,640 --> 00:47:48,120
Speaker 1: why would you bother? You have to deal with me

1076
00:47:48,160 --> 00:47:50,520
Speaker 1: every day or two. At the end of the book,

1077
00:47:50,560 --> 00:47:53,400
Speaker 1: there's like a twelve month action plan, So every single

1078
00:47:53,400 --> 00:47:55,360
Speaker 1: month kind of aligns to one of the chapters to

1079
00:47:55,360 --> 00:47:57,040
Speaker 1: put you in a better position. So one month we

1080
00:47:57,080 --> 00:47:59,239
Speaker 1: do super and one when we do investments, and one

1081
00:47:59,280 --> 00:48:01,920
Speaker 1: month we do insurance, and like, I'm putting you in

1082
00:48:01,960 --> 00:48:05,920
Speaker 1: the best possible position to be as financially successful as

1083
00:48:05,960 --> 00:48:08,480
Speaker 1: you possibly can be. And that actually just starts with

1084
00:48:08,600 --> 00:48:11,880
Speaker 1: really good foundations. And I would love, love, love to

1085
00:48:11,960 --> 00:48:15,319
Speaker 1: think that this book is all about getting those foundations right.

1086
00:48:15,440 --> 00:48:17,439
Speaker 3: So you don't need to know very much about money,

1087
00:48:17,480 --> 00:48:19,560
Speaker 3: or you don't need to have been in the community.

1088
00:48:19,080 --> 00:48:20,920
Speaker 1: For very long, so you don't need to get the

1089
00:48:21,000 --> 00:48:23,200
Speaker 1: community to pick it up and get lots out of it.

1090
00:48:23,239 --> 00:48:25,920
Speaker 1: I have made sure that every single chapter has one

1091
00:48:26,040 --> 00:48:28,920
Speaker 1: or two like snippets of money diaries so that you

1092
00:48:28,960 --> 00:48:30,680
Speaker 1: really can connect in and be like, Wow, if they

1093
00:48:30,680 --> 00:48:33,040
Speaker 1: can do it, I can do it. And Yeah, it

1094
00:48:33,120 --> 00:48:35,800
Speaker 1: really starts with mindset and then goes into the framework.

1095
00:48:35,840 --> 00:48:38,520
Speaker 1: And I think that that's how I would want everyone

1096
00:48:38,560 --> 00:48:40,239
Speaker 1: to go on that journey and to be given the

1097
00:48:40,239 --> 00:48:43,640
Speaker 1: opportunity to write a book that I was completely in

1098
00:48:43,680 --> 00:48:47,480
Speaker 1: control of that goes all right. If g I was

1099
00:48:47,520 --> 00:48:49,800
Speaker 1: going to give you one resource when it came to money.

1100
00:48:50,080 --> 00:48:52,720
Speaker 1: This is it? Like, that's it. That's where I came from.

1101
00:48:53,040 --> 00:48:55,640
Speaker 3: I know you're very modest and you won't want to

1102
00:48:55,760 --> 00:48:57,160
Speaker 3: your own horn too much here.

1103
00:48:57,160 --> 00:48:59,440
Speaker 1: I mean, I feel like I just did that. I

1104
00:48:59,480 --> 00:49:02,440
Speaker 1: feel like that that was pretty good. Tell me Cheating

1105
00:49:02,480 --> 00:49:02,839
Speaker 1: of Horn.

1106
00:49:03,040 --> 00:49:05,640
Speaker 3: Tell me about the impact you've heard along the journey,

1107
00:49:05,680 --> 00:49:08,359
Speaker 3: about this book, the change that it's made. I'm sure

1108
00:49:08,360 --> 00:49:09,759
Speaker 3: you've had.

1109
00:49:08,760 --> 00:49:13,000
Speaker 1: I cry a lot sometimes I read the reviews, but

1110
00:49:14,480 --> 00:49:18,160
Speaker 1: to read reviews because people can be really mean. But

1111
00:49:18,360 --> 00:49:21,920
Speaker 1: it's really about the dms and messages and do you

1112
00:49:21,960 --> 00:49:24,720
Speaker 1: know what, we've started getting handwritten letters if people writing

1113
00:49:24,800 --> 00:49:26,480
Speaker 1: to us to be like, hey, Victoria, I wanted to

1114
00:49:26,520 --> 00:49:28,080
Speaker 1: send you a letter. I hope you don't mind. I

1115
00:49:28,120 --> 00:49:31,520
Speaker 1: found your address, like like obvious address, or they're not

1116
00:49:31,560 --> 00:49:34,160
Speaker 1: out the front of my house, but they're on like

1117
00:49:34,239 --> 00:49:36,440
Speaker 1: obviously you can find my business address online. It's not

1118
00:49:36,480 --> 00:49:39,960
Speaker 1: that hard. Just explaining how much their lives have changed,

1119
00:49:40,080 --> 00:49:43,360
Speaker 1: or that they've gotten out of, you know, financially abusive

1120
00:49:43,400 --> 00:49:45,960
Speaker 1: relationships or situations they don't want to be in, or

1121
00:49:45,960 --> 00:49:48,080
Speaker 1: they've taken the next step. Like I got a message

1122
00:49:48,120 --> 00:49:49,719
Speaker 1: from a girl that I know has been in our

1123
00:49:49,719 --> 00:49:51,920
Speaker 1: Facebook group from the very beginning a couple of weeks ago,

1124
00:49:51,960 --> 00:49:54,239
Speaker 1: and she's like, Victoria, I know that we dam all

1125
00:49:54,239 --> 00:49:56,160
Speaker 1: the time, but I just wanted to really say thank

1126
00:49:56,200 --> 00:49:59,120
Speaker 1: you because I have just negotiated a pay rise that

1127
00:49:59,239 --> 00:50:02,040
Speaker 1: I never thought I would be able to get, and

1128
00:50:02,200 --> 00:50:04,320
Speaker 1: it was because I implemented all the tips and tricks

1129
00:50:04,360 --> 00:50:07,879
Speaker 1: you taught me. And I also then had the audacity,

1130
00:50:07,920 --> 00:50:09,959
Speaker 1: which I don't think it was audacity, but she said

1131
00:50:09,960 --> 00:50:12,000
Speaker 1: this had the audacity to ask to be back paid

1132
00:50:12,000 --> 00:50:13,719
Speaker 1: because I'd been doing that role for twelve months and

1133
00:50:13,800 --> 00:50:16,439
Speaker 1: now she got it. Really Now she's like so much

1134
00:50:16,480 --> 00:50:19,320
Speaker 1: closer to buying her first home, and just like people

1135
00:50:19,400 --> 00:50:21,719
Speaker 1: are in better positions because of this book. And that's

1136
00:50:21,760 --> 00:50:24,239
Speaker 1: all I could ask. Yeah, because you definitely, George, like

1137
00:50:24,719 --> 00:50:27,319
Speaker 1: I don't know what everybody thinks, but you definitely don't

1138
00:50:27,320 --> 00:50:29,759
Speaker 1: write a book to make money, Like I would need

1139
00:50:29,800 --> 00:50:31,799
Speaker 1: to sell millions of copies, and I would be so

1140
00:50:31,920 --> 00:50:35,080
Speaker 1: delighted to sell millions of copies, but you literally need

1141
00:50:35,120 --> 00:50:38,840
Speaker 1: to sell all millions, which we obviously haven't done yet.

1142
00:50:39,160 --> 00:50:42,759
Speaker 1: Is that pity tickets would? But like at that point,

1143
00:50:42,840 --> 00:50:45,239
Speaker 1: maybe I'll make some serious money. But you don't write

1144
00:50:45,239 --> 00:50:47,560
Speaker 1: books in Australia to make money. It's just like the

1145
00:50:47,600 --> 00:50:49,880
Speaker 1: publishing industry is just not big enough to sustain that.

1146
00:50:49,920 --> 00:50:51,680
Speaker 1: But you write one because you really want to have

1147
00:50:51,719 --> 00:50:53,800
Speaker 1: an impact and you really want to connect with your community.

1148
00:50:53,800 --> 00:50:55,279
Speaker 1: And I'm just so grateful I got to do that.

1149
00:50:55,360 --> 00:50:58,480
Speaker 3: Beautiful before we go, we'll give you another plug v

1150
00:50:58,760 --> 00:51:02,400
Speaker 3: Investor because they didn't have enough just then investing with

1151
00:51:02,520 --> 00:51:06,560
Speaker 3: Shees on the money drops September twenty I believe they got.

1152
00:51:06,360 --> 00:51:07,880
Speaker 1: Two days before my sister's birthday.

1153
00:51:07,960 --> 00:51:10,800
Speaker 3: Guess she's exactly right. A signed copy.

1154
00:51:10,960 --> 00:51:12,920
Speaker 1: Oh no, no, no no, I'm just going to order one

1155
00:51:12,920 --> 00:51:15,400
Speaker 1: on book Topia and have it delivered to a house side.

1156
00:51:15,480 --> 00:51:16,000
Speaker 3: I love it.

1157
00:51:16,040 --> 00:51:19,000
Speaker 1: You have to bring that to me to ask for permission, Alexandra.

1158
00:51:19,960 --> 00:51:22,279
Speaker 3: It is available for pre order now and if you

1159
00:51:22,400 --> 00:51:25,560
Speaker 3: do pre order, you'll receive twenty percent off. I believe

1160
00:51:25,560 --> 00:51:28,960
Speaker 3: that's the hot deal going onto the market deal going around. Also,

1161
00:51:29,040 --> 00:51:31,600
Speaker 3: it makes me look really good to my publisher, So

1162
00:51:31,680 --> 00:51:33,680
Speaker 3: feel free to go on and pre order it. Because

1163
00:51:33,880 --> 00:51:37,080
Speaker 3: publishers they love a pre order because it like ramps

1164
00:51:37,120 --> 00:51:37,479
Speaker 3: it up.

1165
00:51:37,360 --> 00:51:40,000
Speaker 1: And it means that once the book launches, we're more

1166
00:51:40,080 --> 00:51:42,680
Speaker 1: likely to get a better launch party. So just like

1167
00:51:42,800 --> 00:51:44,640
Speaker 1: do the right thing, do the right thing. Yeah, we

1168
00:51:44,719 --> 00:51:45,799
Speaker 1: love it for the greater good.

1169
00:51:46,320 --> 00:51:48,880
Speaker 3: Let's leave it there, VD, thank you for today. I'm

1170
00:51:48,880 --> 00:51:49,359
Speaker 3: going to run.

1171
00:51:50,040 --> 00:51:51,760
Speaker 1: But important stuff you get into it.

1172
00:51:51,840 --> 00:51:54,400
Speaker 3: Alrighty guys, Remember the advice shared on She's on the

1173
00:51:54,400 --> 00:51:57,120
Speaker 3: Money is general in nature and does not consider your

1174
00:51:57,120 --> 00:52:00,640
Speaker 3: individual circumstances. She's on the Money exists, it's purely for

1175
00:52:00,800 --> 00:52:03,640
Speaker 3: educational purposes and should not be relied upon to make

1176
00:52:03,640 --> 00:52:07,560
Speaker 3: an investment or a financial decision. And we promise Victoria

1177
00:52:07,600 --> 00:52:11,160
Speaker 3: Devine and She's on the Money are authorized representatives of

1178
00:52:11,200 --> 00:52:15,799
Speaker 3: in Focused Securities Australia Proprietary Limited ABN four seven zero

1179
00:52:15,880 --> 00:52:19,040
Speaker 3: nine seven seven nine seven zero four nine AFSL two

1180
00:52:19,040 --> 00:52:20,239
Speaker 3: three six five two three.

1181
00:52:20,640 --> 00:52:23,080
Speaker 1: And as always, we would love it if you joined

1182
00:52:23,120 --> 00:52:25,680
Speaker 1: our Facebook group, where our community shares money tips and

1183
00:52:25,719 --> 00:52:29,000
Speaker 1: tricks every single day, free of judgment. So She's on

1184
00:52:29,040 --> 00:52:31,520
Speaker 1: the Money on Facebook and join us if Facebook's not

1185
00:52:31,600 --> 00:52:33,560
Speaker 1: your thing. Let's just segue this all the way back

1186
00:52:33,560 --> 00:52:35,840
Speaker 1: to the book. Go pre order our book. It's a

1187
00:52:35,880 --> 00:52:38,080
Speaker 1: great idea. You can just read it in paper and

1188
00:52:38,120 --> 00:52:40,120
Speaker 1: you don't have to interact with anyone on the internet.

1189
00:52:40,160 --> 00:52:42,319
Speaker 1: Perfection Also find us on Instagram where she is on

1190
00:52:42,320 --> 00:52:44,120
Speaker 1: the money a US. Don't forget to rate, redew and

1191
00:52:44,200 --> 00:52:47,080
Speaker 1: subscribe and tell Georgia she is very pretty in her DMS.

1192
00:52:47,239 --> 00:52:48,759
Speaker 1: Fust see you next week.

1193
00:52:48,800 --> 00:53:01,000
Speaker 3: Thys Guys buy