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Speaker 1: She's on the Money. She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: for millennials who want financial freedom. Welcome back to another

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Speaker 2: one of our Friday Drinks episodes where we get to

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Speaker 2: celebrate the wins from our She's on the Money community

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Speaker 2: and talk a little bit later about some very juicy

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Speaker 2: ponsie schemes. I feel like I have uncovered Tony and Jess.

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Speaker 2: But before we get to my juicy, juicy news how

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Speaker 2: She's on the Money community and our team spend a

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Speaker 2: really big part of our week talking about the money

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Speaker 2: weeds and the fun financial things you guys do in

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Speaker 2: our community. So this is obviously an episode to celebrate that.

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Speaker 2: But before we get there, Tony, what happened on Our

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Speaker 2: Money Diary on Monday?

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Speaker 3: Our money diarist this week went through a breakup and

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Speaker 3: really wanted to go on a holiday, so started budgeting.

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Speaker 4: She'd never She'd never budgeted in her life.

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Speaker 3: Somebody tried to make her do the Barefoot Investor years

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Speaker 3: ago and she was like, absolutely not. And now she's

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Speaker 3: a little budgeting queen and she's saving all this money.

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Speaker 3: She got to go on her holiday, and she's saved

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Speaker 3: fifty thousand dollars already this year.

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Speaker 4: Ah.

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Speaker 2: That was actually a surprise. Honestly she was telling us

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Speaker 2: on that money Diary because obviously I don't mean to

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Speaker 2: be like having favorites on this show, but like money

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Speaker 2: diaryes are my favorite. Sorry bye, but this money Diary

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Speaker 2: was so fun because you could see how motivated she

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Speaker 2: was and how excited she was. Yep, I've just started

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Speaker 2: like properly saving. We're like, what's your goal and she's like, oh,

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Speaker 2: a hundred thousand dollars and we're like, oh har out,

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Speaker 2: like that's really steey, go like how are you going?

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Speaker 2: And I think Tony and I were expecting her to

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Speaker 2: be like, yep, got ten grand, maybe I'm doing a

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Speaker 2: couple of hundred dollars a month or something, and she's like, yeah,

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Speaker 2: I've saved fifty grand this year, and we both were like,

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Speaker 2: oh wow, so you're like already halfway there. Like way

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Speaker 2: to make us feel bad about our savings goals. So

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Speaker 2: it was honestly a really motivational episode that I think

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Speaker 2: just really showed us exactly how you don't actually need

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Speaker 2: to have always been good at money to actually just start.

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Speaker 2: You just need to find that motivation, and sometimes it

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Speaker 2: doesn't come until you broke up with someone or changed

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Speaker 2: your situation. And as I've said before, there is always

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Speaker 2: a trigger, Like you don't just one day wake up

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Speaker 2: and go, do.

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Speaker 5: You know what?

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Speaker 2: I'll start budgeting. Usually it's like, oh my god, I

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Speaker 2: never want to feel that way again. I can't believe

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Speaker 2: I didn't have the money for that bill, Or oh

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Speaker 2: I really had to miss out on this social circumstance

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Speaker 2: that all my friends got to go to and they

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Speaker 2: could all afford tickets and I just couldn't. I had,

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Speaker 2: I just didn't have the cash, so I missed out.

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Speaker 2: I need to get my together. So I think that

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Speaker 2: budgeting is usually very trigger based, and we always find

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Speaker 2: a motivation. It might be that you've changed your mind

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Speaker 2: and you're like, oh my god, I really do want

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Speaker 2: to own a property. I'm just going to get my

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Speaker 2: stuff together and start saving. But there's usually this trigger

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Speaker 2: point and I guess I would love and I'm sorry, Jess,

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Speaker 2: I'm throwing you under the bus again. I'd love to

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Speaker 2: today put a thread in the Facebook group and be

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Speaker 2: like what was your trigger point? Like what was your

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Speaker 2: change moment that was like Nah, I'm gonna get my

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Speaker 2: money life together, Like what was it? Because like for

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Speaker 2: some people, it is like missing out on a social event.

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Speaker 2: But I remember for me sitting on my bed with

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Speaker 2: my cat feeling really guilty because I couldn't afford the

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Speaker 2: really expensive cat food for him. And I knew that

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Speaker 2: I probably should have got my life together because by

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Speaker 2: that stage, I was a grid. I wasn't a unique

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Speaker 2: student anymore, and that used to be okay, but I

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Speaker 2: was like, oh, I really want to be in a

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Speaker 2: situation where like I can't afford the stuff that like

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Speaker 2: what what I deemed the fancy people to be buying.

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Speaker 2: And for me, that was such a change like point

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Speaker 2: in my motivation. And yes, there was so much going

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Speaker 2: on in the background, and I had debt and a

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Speaker 2: personal loan and I you know, struggled with that, but

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Speaker 2: those things literally weren't enough. And it turns out my

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Speaker 2: trigger point was me wanting to give my cat a

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Speaker 2: good life. So there you go. I would love, love

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Speaker 2: love to know what everybody else's is. So I will

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Speaker 2: put a thread in the Facebook group today and we

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Speaker 2: can have a chat about that. But we also had

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Speaker 2: a chat this week, Jess on our Wednesday episode What

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Speaker 2: Happened on Wednesday?

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Speaker 5: So you and g did a highly requested part two

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Speaker 5: to the Q and A episode we did a couple

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Speaker 5: of weeks ago. We had so many people asking more

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Speaker 5: and more questions. We get them every day, so it

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Speaker 5: was really great to have you guys sit down and

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Speaker 5: rapid fire answer a few of them. I will say,

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Speaker 5: if we ever do one of these episodes in the future,

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Speaker 5: don't forget we can't give you personalized advice. We get

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Speaker 5: a lot of people in our DMS asking really specific questions,

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Speaker 5: and because Victoria is a registered financial advisor, it's actually

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Speaker 5: not appropriate for us to be giving you that advice.

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Speaker 2: So it was three, it's actually inappropriate for anybody to

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Speaker 2: give you personal financial advice, regardless of whether they are

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Speaker 2: a financial advisor or not, without taking your holistic situation

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Speaker 2: into account, so like whether they are an advisor or

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Speaker 2: money coach. Like I think that's just like a just

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Speaker 2: be careful friends. It's not just because I'm an advisor.

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Speaker 2: It's because that's actually the responsible thing to do. And yeah,

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Speaker 2: that's my little side note of compliance, guys.

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Speaker 5: So, yeah, you guys got through a whole heap of

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Speaker 5: really fun questions. Hopefully people have some answers to some

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Speaker 5: things that they were wondering about, and as always, if

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Speaker 5: you have questions, let us know because it might end

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Speaker 5: up on a future episode, which.

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Speaker 2: Is honestly so fun. Those Q and A episodes are

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Speaker 2: very quickly becoming some of my favorite episodes because I

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Speaker 2: feel like I'm engaging more with our community and getting

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Speaker 2: to talk to you guys and actually answer your questions.

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Speaker 2: Like that's way more fun in my personal opinion then

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Speaker 2: you know, obviously doing all the research for an episode,

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Speaker 2: which promise we will continue to do because those are

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Speaker 2: super fun as well. But just knowing you're like, oh,

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Speaker 2: what is this? So how is this? Like? Okay, sit down,

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Speaker 2: I'm ready, I will teach you. So I just really

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Speaker 2: really love it. But given how much I love the

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Speaker 2: community and learning about what you guys are up to, Tony,

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Speaker 2: what were your favorite money from this week?

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Speaker 4: But I've got a few that I know, Jess you'll

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Speaker 4: be excited about.

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Speaker 3: But the first one is from Kim. Kim says money

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Speaker 3: Win found a pair of Levi jeans in my local

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Speaker 3: op shop, thirty dollars with the tags still on.

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Speaker 2: Wait, my jeans are like the ones that never wear out.

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Speaker 2: They're like the OG's that just last.

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Speaker 3: Yeah, I'm pretty sure if you take them to a

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Speaker 3: Levi's store, they like fix them for free, the same

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Speaker 3: as the Lulu Lemon tights and stuff.

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Speaker 2: I know that Newdy Jeans do that as well, because

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Speaker 2: I put on a pair of jeans recently and it

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Speaker 2: turns out COVID wasn't as kind to me as I

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Speaker 2: would have liked it to be. And now I know

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Speaker 2: that I can go in and get that Zibra bed.

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Speaker 4: Oh thank god.

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Speaker 2: We were all waiting.

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Speaker 3: And Jess it is no barbecue, but Molina says I

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Speaker 3: won two months free with Audible from McDonald's monopoly.

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Speaker 4: Drink.

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Speaker 2: She's on the mummies on Audible. You're welcome.

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Speaker 5: The McDonald's coke also goes really hard. I love a

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Speaker 5: Maca's coke, oh so much better than any.

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Speaker 4: Are different than a can of coke?

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Speaker 5: Is?

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Speaker 2: Actually?

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Speaker 5: Yes?

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Speaker 4: Absolutely?

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Speaker 2: Why does it taste different? Is it because it's like

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Speaker 2: mixed with syrup?

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Speaker 5: Like?

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Speaker 2: Is it the syrup?

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Speaker 4: Yeah?

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Speaker 3: I think it's that it's post mix. Yeah, and it

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Speaker 3: like really quenches your thirst because it's got the soda

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Speaker 3: water in it.

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Speaker 2: I thinel, Yeah, okay, so can we get can we

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Speaker 2: actually buy the coke syrup? Because I'm pretty convinced with

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Speaker 2: my soda stream at home. I've had the coke syrup.

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Speaker 2: It's just not the same thing, is it?

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Speaker 4: Jess and I have it in the office.

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Speaker 2: Yeah, but is it as good?

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Speaker 5: I feel like they're not giving away their secret sauce.

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Speaker 4: That's what I mean that you must be a conspiracy comparable.

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Speaker 5: But there's got to be something different because nothing hits

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Speaker 5: as hard as a Macas coke.

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Speaker 2: So we enjoy freeb so literally, I feel like they

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Speaker 2: do withhold it because they know that you guys say

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Speaker 2: things like this like maccas Coke is the best coke,

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Speaker 2: so they're probably like sprinkling MSG or something in it.

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Speaker 4: And another Macas Monopoly win.

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Speaker 3: Four free soy lattes for free, says Paula, which is

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Speaker 3: another great money win. But unfortunately, no barbecue. We haven't

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Speaker 3: seen the barbecue come up yet. Jess is desperate for

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Speaker 3: a Maca's Monopoly barbecue.

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Speaker 4: Maybe it'll hold.

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Speaker 2: We do a quick shout out, hold on, this can

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Speaker 2: be a save jest Jess, what is the ticket that

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Speaker 2: you need to get your Monopoly barbecue?

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Speaker 5: Old Kent Road she's evasive, she's out there, she's calling

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Speaker 5: my name.

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Speaker 2: So if anyone's apersive, I like it. She's really hard

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Speaker 2: to get a holder.

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Speaker 5: So if anyone would like to, I don't know what

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Speaker 5: I could possibly offer you in return give them.

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Speaker 2: No, we can give them a budget and cash. Glue

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Speaker 2: must class with ninety five dollars. That's better than a barbecue,

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Speaker 2: if you ask me. Not just a barbecue, Like, if

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Speaker 2: you've only got that ticket, like you haven't got the barbecue.

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Speaker 2: You've got to have the matching pairs, so like it's

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Speaker 2: something for potentially nothing, or you can keep looking for

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Speaker 2: your second ticket, get your barbecue. That's fine. But if

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Speaker 2: you want to give just the money with like, it

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Speaker 2: just seems like a no brainer, you know.

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Speaker 3: All right, So now that we've tried to get just

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Speaker 3: money in barbecue, Lauren says, I received my car insurance renewal,

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Speaker 3: which prompted me to shop.

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Speaker 4: Around, found another insurer with.

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Speaker 3: Fifteen percent count if you buy online, and saved over

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Speaker 3: three hundred dollars annually.

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Speaker 2: Oh my gosh, that so much money, I know.

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Speaker 3: Charlotte says went to Spotlight yesterday for some blockout blinds,

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Speaker 3: and while the blinds were forty percent off. We also

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Speaker 3: found some cushions for our couch, mark down to fifteen

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Speaker 3: dollars that were originally forty dollars each.

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Speaker 2: Forty bucks a cushion.

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Speaker 4: I mean, no, she's living loveta Loca.

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Speaker 3: I could never look at a forty dollars cushion and go,

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Speaker 3: you know what, yep, I'll do it. But I mean

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Speaker 3: they were only fifteen, so maybe it's fine.

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Speaker 2: Is that how much cushions cost? Because my mum bought

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Speaker 2: the cushions that are on my couch, I've just never

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Speaker 2: considered this.

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Speaker 3: My cushions are from Ikia and like the fake feathers

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Speaker 3: pop out all the time, so if you're sitting on

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Speaker 3: one of them, more's in your back or you just

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Speaker 3: get the little pokes from the feathers like.

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Speaker 4: In Your's really nice. Yeah, it's like a little massage.

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Speaker 4: It's like you get acupuncture every time you sit on.

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Speaker 2: Puncture is really expensive. So that is the money win

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Speaker 2: for you, Tony.

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Speaker 4: I'll use that next week.

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Speaker 3: And Nanya says money win paid off eight hundred dollars

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Speaker 3: out of my two thousand dollars credit card debt, which

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Speaker 3: is so exciting.

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Speaker 2: Ye, so exciting knowing it. You're literally nearly halfway there.

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Speaker 2: I bet that there was a time when you were like,

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Speaker 2: oh my gosh, this feels so hard to swallow. But

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Speaker 2: we're nearly halfway there. There is not far to.

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Speaker 4: Go, my friends, so make sure you give us an update.

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Speaker 4: Holly says.

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Speaker 3: I entered a competition from my university where I had

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Speaker 3: to make three short videos about academic integrity. The prizes

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Speaker 3: were super generous fifty dollars if your video was used

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Speaker 3: by the university, seventy five dollars if you were one

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Speaker 3: of the first ten entrants, which is easy money if

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Speaker 3: you just got it in on time.

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Speaker 2: Literally, just don't even put your actual entrance in. Just

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Speaker 2: make a quick selfish pay here for my seventy five bucks.

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Speaker 2: You'll put my good one in later. That's technically meeting

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Speaker 2: the rules.

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Speaker 3: I agree, and bigger money prizes for the top three videos.

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Speaker 3: I would have been stoked with just fifty dollars for

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Speaker 3: my video being used, so I entered. I did not

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Speaker 3: expect to win five hundred dollars for first place, as

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Speaker 3: well as the seventy five dollars and fifty dollar bonuses,

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Speaker 3: So a total of six hundred and twenty five dollars.

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Speaker 2: Oh my gosh, it's an influencer. She's creating content that

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Speaker 2: makes her an influencer.

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Speaker 5: I feel like there's always really fun stuff like that

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Speaker 5: going around at unit. It's worth kicking eye. I know,

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Speaker 5: when you're in class there's a message board. I'm sure

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Speaker 5: they'd be an online equivalent while we're all learning remotely.

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Speaker 5: But like make that cash girl.

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Speaker 3: Yes, yeah, Like the university guilds and stuff are always

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Speaker 3: running things like that. And also we've had a few

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Speaker 3: people post wins in the past where they've applied for

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Speaker 3: little scholarships here and there and gotten like one hundred

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Speaker 3: dollars Apple vouchers for a new laptop and stuff. So

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Speaker 3: make sure that you have a look and make sure

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Speaker 3: that you're really ringing your university.

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Speaker 2: Try for all.

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Speaker 4: Money you're giving them.

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Speaker 2: Absolutely. Yeah, I was about to say, you guys paid

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Speaker 2: them enough. It's time to find out how you can

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Speaker 2: get something back exactly.

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Speaker 3: And finally, a really special one, Alice says, massive emotional

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Speaker 3: money win or maybe money even. I broke even on

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Speaker 3: my small business this weekend.

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Speaker 2: Oh my gosh, which is how exciting is that? I know,

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Speaker 2: imagine starting a business and going into debt and going

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Speaker 2: through all of that to then finally break even. My friend,

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Speaker 2: everything is up from here.

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Speaker 4: I know.

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Speaker 3: So congrats, Alice, Thank you so much for sharing with us,

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Speaker 3: And we would love it if you DM us and

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Speaker 3: let us know that you're Alice from Friday Drinks and

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Speaker 3: we'll pop your small business as a little shout out

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Speaker 3: in our newsletter as well, which is so good, Oh

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Speaker 3: my gosh.

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Speaker 2: And there maybe there might be a tiny bit of

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Speaker 2: profit for you that could be on next week's Money

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Speaker 2: with Bread.

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Speaker 5: So I have something that I want to talk about

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Speaker 5: this week because we've been getting lots of dms to

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Speaker 5: the Instagram about this and I have also seen it

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Speaker 5: all over my TikTok. It just seems to be absolutely

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Speaker 5: everywhere right now and I feel like it's the latest

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Speaker 5: get rich quick scheme. But V I want your thoughts.

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Speaker 5: Have you heard of AI marketing?

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Speaker 2: Yes? And what are your thoughts? Like is it to

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Speaker 2: before I get into this, because like you're gonna have

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Speaker 2: to literally sit down because I'm about to go on

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Speaker 2: a rant. But Jess, when you saw that, how did

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Speaker 2: you feel about it? Like, tell me about the TikTok

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Speaker 2: that you've seen and about I guess what I don't

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Speaker 2: know what it felt like, because I feel like I've

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Speaker 2: also had a lot of dms this week from people

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Speaker 2: in our community and just people on my Instagram being like,

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Speaker 2: oh my god, Vie, have you seen this? Can you

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Speaker 2: do a whole episode on this? And I keep being like,

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Speaker 2: oh my gosh, this is so concerning, and nobody seems

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Speaker 2: to be talking about it. When I did some research

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Speaker 2: because I knew you said you wanted to ask me

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Speaker 2: about this on the show, I could not find any

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Speaker 2: news articles about it. I literally had to go into

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Speaker 2: the depths of the internet, or, as Amy Lenardi would

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Speaker 2: say on the property playbook Tony.

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Speaker 4: The dark Web, the dark Web.

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Speaker 2: No, I didn't actually go in the dark web, but

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Speaker 2: it took a really long time to research this and

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Speaker 2: uncover what we are going to talk about. But I think, firstly,

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Speaker 2: tell me about this TikTok stuff, like what is it?

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Speaker 5: So there's this real trend right now. I think of

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Speaker 5: people wanting to make some extra money, set themselves up financially,

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Speaker 5: which we love to see it, like, we are all

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Speaker 5: about that. That's what we do here. We love seeing

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Speaker 5: people empowered to take control, start a little site. Us

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Speaker 5: will do a little something something, But it kind of

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Speaker 5: feels like with that I guess change that people want

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Speaker 5: to make, there's a group of people that also just

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Speaker 5: want to take advantage and capitalize on those people who

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Speaker 5: are looking for guidance or for help.

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Speaker 2: And so the tiktoks that I've.

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Speaker 5: Been seeing have been really I'm gonna call it girl

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Speaker 5: boss here, like yep, I work from the comfort of

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Speaker 5: my home three days a week and I make X

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Speaker 5: amount of dollars doing absolutely nothing. And I can show

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Speaker 5: you how if you buy my short course.

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Speaker 3: Which is an instant red flag if ever you've seen one, right, Like.

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Speaker 5: There's red flags popping up left, right, and center, and

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Speaker 5: it's that it's got MLM vibes written all over it

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Speaker 5: to me.

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Speaker 2: But I don't know if say they're not an MLM,

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Speaker 2: right they are making videos that say, no, this is

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Speaker 2: absolutely not an MLM. Don't worry, guys, this is definitely

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Speaker 2: not a pyramid scheme. And what Jess is referring to

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Speaker 2: at the moment is I guess you could call it

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Speaker 2: like a trend because it's not just one company. There's

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Speaker 2: a number of companies where are going to specifically talk

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Speaker 2: about my research on AI marketing that is the company name,

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Speaker 2: but essentially it's AI marketing bots, and the lure of

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Speaker 2: it is, hey, invest your money with these AI marketing bots.

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Speaker 2: They will invest your money into marketing and give you

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Speaker 2: a return. You go, okay, cool, Like that kind of

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Speaker 2: makes sense, and the premise of it sounds a little

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Speaker 2: bit like referral marketing, So I'm okay, I can kind

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Speaker 2: of see how this might work. What they're actually invested in,

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Speaker 2: I don't know. This week, I have actually emailed their

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Speaker 2: company three separate times with absolutely no response. But essentially

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Speaker 2: the crux of the conversation Jess is that we've had

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Speaker 2: a lot of messages from people being like, Oh my gosh, Victoria,

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Speaker 2: this AI marketing bot stuff sounds so great. Is it

359
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Speaker 2: like the next crypto? Is it something that I can

360
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Speaker 2: invest in and make a lot of money with? And

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Speaker 2: there's a lot of TikTokers that are saying, Oh my gosh,

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Speaker 2: I'm going to retire by the age of thirty, and

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Speaker 2: this is how I'm going to do it. Join me.

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Speaker 2: If you use my code, you'll get fifty dollars in

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Speaker 2: your account to start, and it sounds really exciting, but

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Speaker 2: there are a heap of red flags that to me

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Speaker 2: jumped out. They're very defensive on TikTok about it. No,

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00:16:24,720 --> 00:16:28,480
Speaker 2: it's legit, it's fine. So we haven't actually tackled this

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Speaker 2: in Australia. It wouldn't be surprised if this hits the

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00:16:31,120 --> 00:16:33,840
Speaker 2: news at some point in the future and we start

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Speaker 2: talking about it. But essentially in August, on the seventeenth

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Speaker 2: of August, the Central Bank of Russia issued a pyramid

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00:16:41,360 --> 00:16:45,040
Speaker 2: scheme warning against AI Marketing and essentially said that this

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Speaker 2: is absolutely not the type of thing that you want

375
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Speaker 2: to get involved with. And the reason for that was

376
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Speaker 2: because the company behind AI Marketing, and I've done the research,

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Speaker 2: AI Marketing is actually owned by a company called where

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Speaker 2: Bexford Alliance Limited, which is not based in Australia. It's

379
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Speaker 2: essentially based in Hong Kong. And from my understanding, it

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Speaker 2: just looks like a shell company. And when we say

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Speaker 2: shell company, a shell company is a company that you

382
00:17:13,119 --> 00:17:14,720
Speaker 2: set up so that you can say you're in Hong

383
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Speaker 2: Kong because the rules in Hong Kong are different to

384
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Speaker 2: maybe the US where you lived.

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Speaker 4: So it's a bit sneaky.

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Speaker 2: It's a little bit sneaky, and you set it up

387
00:17:23,040 --> 00:17:25,320
Speaker 2: so that you can get away with some more things

388
00:17:25,520 --> 00:17:28,320
Speaker 2: that their country allows you to do and pay their

389
00:17:28,320 --> 00:17:31,160
Speaker 2: tax rates in all of that stuff while not having

390
00:17:31,160 --> 00:17:34,040
Speaker 2: to adhere to the American standard or the American version

391
00:17:34,040 --> 00:17:38,480
Speaker 2: of tax. And the Central Bank of Russia has essentially

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Speaker 2: come out and officially said that AI marketing Byworkx for

393
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Speaker 2: the Alliance Limited shows signs of a pyramid scheme, and

394
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Speaker 2: they're currently investigating that. However, on the twelfth of July,

395
00:17:51,080 --> 00:17:57,000
Speaker 2: a very similar company called NB Network was completely suspended

396
00:17:57,320 --> 00:18:00,640
Speaker 2: from making AI marketing withdrawals, which affect I defitely meant

397
00:18:00,640 --> 00:18:04,119
Speaker 2: it collapsed their entire Ponzi scheme. So at the moment

398
00:18:04,160 --> 00:18:06,240
Speaker 2: you're seeing on tiktoks and people they're like, oh my gosh,

399
00:18:06,240 --> 00:18:08,199
Speaker 2: I invested my first twelve hundred dollars, Like if I

400
00:18:08,240 --> 00:18:10,920
Speaker 2: keep going, I've calculated that I'll retire by thirty which

401
00:18:11,160 --> 00:18:13,680
Speaker 2: would be true if it's true. But at the moment,

402
00:18:13,920 --> 00:18:16,840
Speaker 2: the money that is being made is essentially being distributed

403
00:18:16,960 --> 00:18:18,880
Speaker 2: between all of the people. So Tony, if you went

404
00:18:19,119 --> 00:18:21,399
Speaker 2: and invested your first thousand dollars, they might take that

405
00:18:21,440 --> 00:18:23,639
Speaker 2: and distribute it to the people who are already in it.

406
00:18:23,680 --> 00:18:26,399
Speaker 2: So they feel like they're getting profit when in actual

407
00:18:26,440 --> 00:18:29,800
Speaker 2: fact they're not, So it's justifying it. People are talking

408
00:18:29,840 --> 00:18:33,240
Speaker 2: about it and perpetuating this into feeling like it's legit,

409
00:18:33,359 --> 00:18:35,280
Speaker 2: because Tony, if you put your money in, and you

410
00:18:35,320 --> 00:18:37,040
Speaker 2: put your thousand dollars in and next week you had

411
00:18:37,040 --> 00:18:38,800
Speaker 2: twelve hundred dollars, you'd be like, the I don't know

412
00:18:38,840 --> 00:18:40,879
Speaker 2: what you're talking about. This is real money, yeah, in

413
00:18:40,960 --> 00:18:44,240
Speaker 2: my real account, Like I've tested it. I've tried it.

414
00:18:44,160 --> 00:18:47,879
Speaker 4: And you'd be stoked on that return too, wouldn't you Exactly.

415
00:18:47,960 --> 00:18:50,600
Speaker 2: I'd be over the moon. But essentially, what has happened

416
00:18:50,640 --> 00:18:54,320
Speaker 2: to an almost identical company that was shut down. So

417
00:18:54,359 --> 00:18:56,479
Speaker 2: the company we're talking about currently has a warning on it,

418
00:18:56,600 --> 00:18:59,199
Speaker 2: but the company that was shut down, everything just ceased.

419
00:18:59,400 --> 00:19:01,600
Speaker 2: So the thousand dollars that you had invested, you might

420
00:19:01,640 --> 00:19:04,600
Speaker 2: have reinvested that, you'll never see that again. So everything

421
00:19:04,760 --> 00:19:08,160
Speaker 2: just ground to a halt, and everybody in that scheme

422
00:19:08,640 --> 00:19:11,119
Speaker 2: just lost all of their money at that point in time.

423
00:19:11,400 --> 00:19:13,399
Speaker 2: So there would be people that would turn around and

424
00:19:13,440 --> 00:19:15,600
Speaker 2: be like, heyy, like I did it, I tested it out,

425
00:19:15,640 --> 00:19:18,800
Speaker 2: I pulled my money out, I'm still up, Like it's fine.

426
00:19:19,160 --> 00:19:21,119
Speaker 2: That's because their money wasn't in the account when it

427
00:19:21,160 --> 00:19:24,920
Speaker 2: shut down. That's because they were in a lucky position essentially.

428
00:19:25,240 --> 00:19:27,120
Speaker 2: But I think that the reason I want to talk

429
00:19:27,160 --> 00:19:29,760
Speaker 2: about this and not, you know, get too much into it.

430
00:19:29,800 --> 00:19:31,480
Speaker 2: I just wanted to tell you guys, yes, I did

431
00:19:31,520 --> 00:19:33,840
Speaker 2: do the proper research, and I do understand it. And

432
00:19:33,880 --> 00:19:37,480
Speaker 2: from all intents and purposes, this is from every single

433
00:19:37,560 --> 00:19:41,040
Speaker 2: sign that we can see a Ponzi scheme or a MLM,

434
00:19:41,119 --> 00:19:42,800
Speaker 2: which is not going to put you in the best

435
00:19:42,840 --> 00:19:47,280
Speaker 2: possible position. But it really leads into how influential TikTok

436
00:19:47,400 --> 00:19:50,360
Speaker 2: fin influences are and Instagram for influencers are and what

437
00:19:50,400 --> 00:19:54,520
Speaker 2: that actually means for us, because let's be honest, guys,

438
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Speaker 2: I'm a finfluencer. How do you know the difference between

439
00:19:58,600 --> 00:20:02,080
Speaker 2: what's something Victoria Devine and what's someone on the internet

440
00:20:02,119 --> 00:20:04,440
Speaker 2: who has a TikTok account who's trying to tell you

441
00:20:04,480 --> 00:20:07,159
Speaker 2: invest in this. It's really easy, Like how do you

442
00:20:07,200 --> 00:20:09,960
Speaker 2: know the difference between those two things? And like what

443
00:20:10,119 --> 00:20:13,440
Speaker 2: is the right way forward? Because from my perspective, how

444
00:20:13,440 --> 00:20:16,520
Speaker 2: do you keep yourself safe on a place where you

445
00:20:16,680 --> 00:20:18,600
Speaker 2: just thought that people were doing the right thing when

446
00:20:18,600 --> 00:20:21,640
Speaker 2: in reality, I think that the people that are perpetuating

447
00:20:21,680 --> 00:20:24,640
Speaker 2: this genuinely believe that they're also doing the right thing

448
00:20:24,680 --> 00:20:27,639
Speaker 2: by sharing this awesome plan with you, Like it's an

449
00:20:27,680 --> 00:20:30,600
Speaker 2: investing plan. They've made money, They've made quote real money.

450
00:20:30,880 --> 00:20:33,080
Speaker 2: I mean. One of the warning flags to me as well, guys,

451
00:20:33,160 --> 00:20:35,640
Speaker 2: is that you're not allowed to withdraw the money into

452
00:20:35,680 --> 00:20:37,680
Speaker 2: a bank account. It has to be withdrawn into like

453
00:20:37,720 --> 00:20:41,119
Speaker 2: a PayPal account. What legit investment actually has that?

454
00:20:41,359 --> 00:20:43,879
Speaker 5: Yeah, come on, I think it comes back to, and

455
00:20:43,920 --> 00:20:46,320
Speaker 5: this is a conversation I had with someone earlier in

456
00:20:46,359 --> 00:20:50,760
Speaker 5: the week, is that people should be providing you information

457
00:20:51,080 --> 00:20:53,439
Speaker 5: and resources, and that's something we try and do on

458
00:20:53,520 --> 00:20:56,360
Speaker 5: Shees on the Money to empower you to make your

459
00:20:56,400 --> 00:20:59,080
Speaker 5: own decisions. If someone is standing in front of you

460
00:20:59,160 --> 00:21:01,840
Speaker 5: and saying this is the best and only option that

461
00:21:01,920 --> 00:21:05,159
Speaker 5: you can or should ever take, to me, that's a

462
00:21:05,160 --> 00:21:09,080
Speaker 5: really significant red flag because, like, there's so many different

463
00:21:09,320 --> 00:21:12,560
Speaker 5: things that factor in, from risk profile to you know,

464
00:21:12,600 --> 00:21:15,359
Speaker 5: your personal values, that it's actually impossible for someone to

465
00:21:15,400 --> 00:21:16,960
Speaker 5: tell you if something is good for you or not

466
00:21:17,040 --> 00:21:19,800
Speaker 5: without them having an in depth knowledge. The way that

467
00:21:20,240 --> 00:21:23,400
Speaker 5: if you consulted with a financial advisor or a financial

468
00:21:23,440 --> 00:21:25,800
Speaker 5: counselor then they would have that overview.

469
00:21:26,200 --> 00:21:27,520
Speaker 2: But if people are.

470
00:21:27,400 --> 00:21:31,200
Speaker 5: Just telling you to do something, it's so important, no

471
00:21:31,240 --> 00:21:33,800
Speaker 5: matter how much you trust them, that you still go

472
00:21:33,880 --> 00:21:36,560
Speaker 5: away and do your own research and still look into

473
00:21:36,560 --> 00:21:40,320
Speaker 5: it and make sure you understand it, because you know, everybody,

474
00:21:40,359 --> 00:21:43,600
Speaker 5: as you say, from us to people who have no

475
00:21:43,800 --> 00:21:47,080
Speaker 5: financial knowledge whatsoever, anybody can put themselves out there on

476
00:21:47,119 --> 00:21:50,440
Speaker 5: the Internet and say something and if you have enough charisma,

477
00:21:50,760 --> 00:21:54,800
Speaker 5: it's believable. And so yeah, and that's where it's really

478
00:21:54,840 --> 00:21:57,159
Speaker 5: scary and really hard, because there's not a lot of

479
00:21:57,200 --> 00:22:00,920
Speaker 5: regulation on a lot of these newer platforms, and it's

480
00:22:01,000 --> 00:22:03,800
Speaker 5: so so essential that you go away and you do

481
00:22:03,880 --> 00:22:05,639
Speaker 5: the research and you look into a business or you

482
00:22:05,720 --> 00:22:08,960
Speaker 5: look into an investment before you put your money into something,

483
00:22:09,040 --> 00:22:12,040
Speaker 5: because one hundred percent, that's your money, and the person

484
00:22:12,040 --> 00:22:13,560
Speaker 5: who is best placed to.

485
00:22:13,560 --> 00:22:15,280
Speaker 4: Look after your money is you.

486
00:22:15,720 --> 00:22:17,960
Speaker 2: Yeah, and I think it's really important as well that

487
00:22:18,000 --> 00:22:19,879
Speaker 2: TikTok isn't research. And I know that you guys are

488
00:22:19,880 --> 00:22:21,920
Speaker 2: probably going to roll your eyes milling Yeah, VI, we know,

489
00:22:22,680 --> 00:22:25,359
Speaker 2: but I'm looking at these accounts and I've obviously spent

490
00:22:25,600 --> 00:22:28,320
Speaker 2: a very long time on TikTok this week, and it

491
00:22:28,480 --> 00:22:31,840
Speaker 2: was for business. It was for work purposes, guys. But

492
00:22:32,440 --> 00:22:34,520
Speaker 2: these guys are providing what I would deem to be

493
00:22:34,600 --> 00:22:37,600
Speaker 2: the receipts, Like if I didn't have the financial education

494
00:22:37,680 --> 00:22:39,600
Speaker 2: that I do, and I'm very grateful that I do.

495
00:22:39,960 --> 00:22:43,560
Speaker 2: They're posting really responsive replies to everybody's comments, and they're

496
00:22:43,600 --> 00:22:47,359
Speaker 2: actually providing screenshots of their bank accounts and what money

497
00:22:47,359 --> 00:22:50,040
Speaker 2: they're making, and you kind of go, this feels legit,

498
00:22:50,119 --> 00:22:53,000
Speaker 2: and like even I got swept up in the emotion

499
00:22:53,119 --> 00:22:55,200
Speaker 2: of it looking at it when I first began, because

500
00:22:55,240 --> 00:22:56,760
Speaker 2: I was like, oh, this kind of sound. This is

501
00:22:56,800 --> 00:23:00,840
Speaker 2: so interesting, and like I feel awful comparing it to this.

502
00:23:00,960 --> 00:23:03,760
Speaker 2: But like, for me, a genuine money win is our

503
00:23:03,800 --> 00:23:05,399
Speaker 2: friends it shot back, and I'm like, oh, if you

504
00:23:05,440 --> 00:23:07,320
Speaker 2: do this, you get money in your account that is

505
00:23:07,440 --> 00:23:11,359
Speaker 2: very legitimate. Like that is absolutely something that I go, yeah, cool,

506
00:23:11,400 --> 00:23:13,560
Speaker 2: Like that's the way I can see where it comes from.

507
00:23:13,680 --> 00:23:15,480
Speaker 2: I know where that money is coming from and why

508
00:23:15,520 --> 00:23:17,600
Speaker 2: it's there, and they can clearly articulate it and it's

509
00:23:17,600 --> 00:23:20,480
Speaker 2: by no means a bad thing, really great way to

510
00:23:20,520 --> 00:23:23,320
Speaker 2: have a money win. This is like spoken about in

511
00:23:23,359 --> 00:23:25,520
Speaker 2: a very similar vein, so you kind of go, oh,

512
00:23:25,560 --> 00:23:27,920
Speaker 2: well that that makes sense, But then you start going,

513
00:23:28,080 --> 00:23:31,240
Speaker 2: but where's the money coming from? Like cool, if it's

514
00:23:31,280 --> 00:23:36,399
Speaker 2: a marketing bot, it's obviously like maybe automating marketing. What in?

515
00:23:36,840 --> 00:23:39,960
Speaker 2: How in? Where in can I see the performance? Because

516
00:23:40,240 --> 00:23:44,119
Speaker 2: even the most complex investments on the ASX, like you

517
00:23:44,160 --> 00:23:46,480
Speaker 2: could go and pick up an ETF and go v

518
00:23:46,680 --> 00:23:50,800
Speaker 2: the CTF is literally holding three hundred separate companies. Cool,

519
00:23:50,840 --> 00:23:52,960
Speaker 2: I can provide a report on every single one of

520
00:23:52,960 --> 00:23:55,760
Speaker 2: those companies. I can show you what percentage you're holding,

521
00:23:55,760 --> 00:23:58,200
Speaker 2: what their return was, what their company profile is, so

522
00:23:58,240 --> 00:23:59,680
Speaker 2: I can tell you who their CEO is, and I

523
00:23:59,680 --> 00:24:02,920
Speaker 2: can tell exactly why their company increased in value over

524
00:24:02,960 --> 00:24:07,040
Speaker 2: the last twelve months. I have literally no idea and

525
00:24:07,720 --> 00:24:10,760
Speaker 2: no way to research where the money and the returney

526
00:24:10,880 --> 00:24:14,280
Speaker 2: is coming from. This it seems really wild. And the

527
00:24:14,320 --> 00:24:17,159
Speaker 2: fact that these girls who are our age Tony and

528
00:24:17,280 --> 00:24:20,119
Speaker 2: Jess like they are our age, and they seem so

529
00:24:20,359 --> 00:24:24,160
Speaker 2: nice and honestly so enthusiastic, You go, oh my gosh,

530
00:24:24,160 --> 00:24:26,439
Speaker 2: I can see all this passion, and I feel like

531
00:24:26,480 --> 00:24:28,680
Speaker 2: they're going to end up being let down as well,

532
00:24:28,720 --> 00:24:30,760
Speaker 2: because not only are they kind of like leading this

533
00:24:30,960 --> 00:24:33,679
Speaker 2: and jumping on TikTok and saying, oh my gosh, like

534
00:24:33,760 --> 00:24:36,000
Speaker 2: this is such a good idea. I'm making bank and

535
00:24:36,040 --> 00:24:38,800
Speaker 2: I really want you to as well. Like I get that,

536
00:24:39,119 --> 00:24:41,560
Speaker 2: Like I get that underlying feeling, like that's why we

537
00:24:41,680 --> 00:24:44,080
Speaker 2: have She's on the money because I want to share

538
00:24:44,119 --> 00:24:46,680
Speaker 2: financial literacy with you, guys. I want you to be safe,

539
00:24:46,720 --> 00:24:48,639
Speaker 2: I want you to be secure, and I want you

540
00:24:48,680 --> 00:24:51,200
Speaker 2: to have the best financial future. And I can kind

541
00:24:51,200 --> 00:24:54,040
Speaker 2: of see that passion reflected in them, but it's really

542
00:24:54,119 --> 00:24:58,080
Speaker 2: sad because they've been deceived and they've believed this thing

543
00:24:58,119 --> 00:25:01,200
Speaker 2: that is not ultimately going to create that for them.

544
00:25:01,240 --> 00:25:04,520
Speaker 2: And while it might look like they're making quite legitimate

545
00:25:04,560 --> 00:25:08,600
Speaker 2: thousands of dollars today, at some point, in arguably the

546
00:25:08,720 --> 00:25:10,920
Speaker 2: very near future, it's going to come to a grinding

547
00:25:10,920 --> 00:25:12,320
Speaker 2: hole and a lot of people are going to lose

548
00:25:12,359 --> 00:25:14,199
Speaker 2: a lot of money, and a lot of people are

549
00:25:14,240 --> 00:25:16,720
Speaker 2: going to be really resentful of them because they're the

550
00:25:16,760 --> 00:25:20,840
Speaker 2: ones that actually guided them to starting that. And maybe

551
00:25:20,880 --> 00:25:23,800
Speaker 2: you'd never invested before, Like, for example, Tony, if I

552
00:25:23,880 --> 00:25:26,359
Speaker 2: said you, hey, like invest your first thousand, You're like,

553
00:25:26,560 --> 00:25:28,920
Speaker 2: oh my gosh, Like that's such a big amount of money.

554
00:25:28,920 --> 00:25:31,400
Speaker 2: But I've watched all your tiktoks and I'm really invested

555
00:25:31,440 --> 00:25:34,159
Speaker 2: in this, Like you'd be heartbroken, or anybody would be

556
00:25:34,280 --> 00:25:38,400
Speaker 2: heartbroken in that situation. And I think it just does

557
00:25:38,520 --> 00:25:41,480
Speaker 2: really negative things for the investment world because that's not

558
00:25:41,560 --> 00:25:44,600
Speaker 2: a true investment. That's a scheme, that is not how

559
00:25:44,640 --> 00:25:48,320
Speaker 2: the world works, and you're probably going to be tainted

560
00:25:48,359 --> 00:25:51,960
Speaker 2: by that and a bit burnt. So investing as a

561
00:25:51,960 --> 00:25:53,800
Speaker 2: whole is not something that you're going to want to

562
00:25:53,840 --> 00:25:56,080
Speaker 2: pick up because in your head, the last time you

563
00:25:56,160 --> 00:25:57,879
Speaker 2: tried investing, you got really burnt.

564
00:25:58,040 --> 00:26:01,520
Speaker 3: Yeah, because money definitely has that like emotional muscle memory.

565
00:26:01,840 --> 00:26:04,239
Speaker 3: So it's like when you have to spend money on

566
00:26:04,280 --> 00:26:07,160
Speaker 3: something that like when you were younger, that your parents

567
00:26:07,200 --> 00:26:09,760
Speaker 3: always thought about or you know, just as an example,

568
00:26:09,840 --> 00:26:12,520
Speaker 3: then it makes you resent spending money on that thing.

569
00:26:13,000 --> 00:26:15,399
Speaker 3: So then if an investment goes bad, you're going to

570
00:26:15,480 --> 00:26:17,919
Speaker 3: be very nervous the next time you even think about it,

571
00:26:18,040 --> 00:26:20,639
Speaker 3: or maybe never do it again. The other thing with

572
00:26:20,720 --> 00:26:25,000
Speaker 3: this is that, like the name AI marketing is so

573
00:26:25,240 --> 00:26:29,240
Speaker 3: misleading as well, because if you say to someone, oh,

574
00:26:29,320 --> 00:26:33,040
Speaker 3: I've invested in AI marketing, you would assume that they

575
00:26:33,160 --> 00:26:36,520
Speaker 3: meant the verb, not the noun, Like that you were

576
00:26:36,640 --> 00:26:40,159
Speaker 3: investing into a company that did AI marketing as in

577
00:26:40,240 --> 00:26:41,679
Speaker 3: LA like of Roto marketing.

578
00:26:41,840 --> 00:26:45,760
Speaker 2: Yeah, that's probably a company on the AX that are

579
00:26:45,880 --> 00:26:48,879
Speaker 2: genuinely turning really great profits. Because kind of makes sense, right,

580
00:26:48,880 --> 00:26:52,879
Speaker 2: it's twenty twenty one AI that's increasing in popularity and

581
00:26:52,920 --> 00:26:56,720
Speaker 2: technology and marketing. We live on the internet now, so

582
00:26:56,760 --> 00:26:58,680
Speaker 2: it makes sense we'd be like, Oh, that sounds like

583
00:26:58,680 --> 00:27:01,360
Speaker 2: a really cool growth opportunity, Like what a genius.

584
00:27:01,520 --> 00:27:04,000
Speaker 3: Because when Jess and I were talking about this earlier

585
00:27:04,040 --> 00:27:07,320
Speaker 3: in the week, my boyfriend Thorbes actually works in AI.

586
00:27:07,359 --> 00:27:09,800
Speaker 3: He's a software developer and he works in AI like

587
00:27:09,920 --> 00:27:13,680
Speaker 3: robots and making people's lives easier and stuff like so smart.

588
00:27:14,160 --> 00:27:17,960
Speaker 2: Imagine if you could say that your partner literally built robots.

589
00:27:17,640 --> 00:27:21,040
Speaker 3: Oh my god, software robots, not like actual ones that

590
00:27:21,080 --> 00:27:23,760
Speaker 3: are like I am a Robert you know.

591
00:27:23,800 --> 00:27:25,640
Speaker 2: I don't want to hear the rest of that story.

592
00:27:25,800 --> 00:27:28,520
Speaker 3: And so when Jess was talking to me about AI marketing,

593
00:27:28,600 --> 00:27:30,840
Speaker 3: I was like, oh, yeah, they're obviously talking about this

594
00:27:30,880 --> 00:27:33,520
Speaker 3: because in my house that's what AI means.

595
00:27:34,040 --> 00:27:36,240
Speaker 4: And then now we're talking about it, I'm like, oh

596
00:27:36,280 --> 00:27:39,200
Speaker 4: my god, I probably would be sucked into that day.

597
00:27:41,040 --> 00:27:43,920
Speaker 2: No, but that's just it, right, and that's why I'm

598
00:27:43,960 --> 00:27:47,440
Speaker 2: flagging it because even me, who has I would say,

599
00:27:47,440 --> 00:27:52,720
Speaker 2: a very significant financial level of literacy, I felt immediately

600
00:27:52,760 --> 00:27:55,960
Speaker 2: comfortable with this person on TikTok. I really liked her.

601
00:27:56,119 --> 00:27:58,120
Speaker 2: I felt like that was, you know, one of our

602
00:27:58,160 --> 00:28:00,560
Speaker 2: community making videos. And I was like, ooh, this about

603
00:28:00,560 --> 00:28:03,959
Speaker 2: this is fun because I had seen those tiktoks and

604
00:28:04,000 --> 00:28:06,960
Speaker 2: like not properly engaged with them before someone had asked

605
00:28:06,960 --> 00:28:08,840
Speaker 2: me about them. So I was like, oh, yeah, okay,

606
00:28:08,920 --> 00:28:10,520
Speaker 2: Like I think it's just like an investment thing that

607
00:28:10,560 --> 00:28:13,359
Speaker 2: I haven't really done some research into. And just like you, Tony,

608
00:28:13,400 --> 00:28:15,600
Speaker 2: my partner works in marketing, so like it was just

609
00:28:15,600 --> 00:28:17,480
Speaker 2: like okay, yeah, like that's an up and coming thing.

610
00:28:17,520 --> 00:28:19,919
Speaker 2: Like all I hear all day is digital marketing. This

611
00:28:20,080 --> 00:28:22,240
Speaker 2: digital marketing that because like we live in the same

612
00:28:22,240 --> 00:28:25,520
Speaker 2: house during COVID lockdown and it's like I'm privy to

613
00:28:25,600 --> 00:28:28,800
Speaker 2: all these meetings. Is really sweet. But it's one of

614
00:28:28,800 --> 00:28:31,200
Speaker 2: those things that you're right, you just immediately feel really

615
00:28:31,280 --> 00:28:34,160
Speaker 2: comfortable with it because it feels very twenty twenty one.

616
00:28:34,240 --> 00:28:36,359
Speaker 2: And I mean it's also one of those things where

617
00:28:36,440 --> 00:28:39,120
Speaker 2: even if we didn't feel comfortable with it, like crypto

618
00:28:39,440 --> 00:28:42,719
Speaker 2: and bitcoin are thrown around so commonly nowadays, and like

619
00:28:42,880 --> 00:28:44,280
Speaker 2: it's one of those things where if you went and

620
00:28:44,320 --> 00:28:46,960
Speaker 2: bought a true bitcoin, for me, I'm not willing to

621
00:28:47,000 --> 00:28:49,440
Speaker 2: take on that risk. There's too much volatility in that market.

622
00:28:49,440 --> 00:28:51,400
Speaker 2: It goes up and down, and for me, that risk

623
00:28:51,520 --> 00:28:53,880
Speaker 2: isn't worth it. And I don't think that, based on

624
00:28:53,920 --> 00:28:56,520
Speaker 2: my research, it's something that I would be comfortable recommending

625
00:28:56,560 --> 00:28:59,840
Speaker 2: to a client or you know, our community. So for me, no,

626
00:29:00,080 --> 00:29:03,080
Speaker 2: bitcoin is legit. We're not even saying here, hey, like

627
00:29:03,160 --> 00:29:05,360
Speaker 2: it's a bit like bitcoin, it's just risky. No, this

628
00:29:05,400 --> 00:29:09,240
Speaker 2: is a legitimate Ponzi scheme that is going to lose

629
00:29:09,280 --> 00:29:11,680
Speaker 2: a lot of people a lot of money. And I

630
00:29:11,720 --> 00:29:15,920
Speaker 2: am genuinely terrified that people are allowed to publish content

631
00:29:16,320 --> 00:29:20,120
Speaker 2: on a platform that is so easily accessible and so convincing,

632
00:29:20,560 --> 00:29:23,760
Speaker 2: Whereas historically, like Ponzi schemes, you'd have to like be

633
00:29:23,840 --> 00:29:25,960
Speaker 2: invited to someone's house to sign up, and there was

634
00:29:26,000 --> 00:29:27,920
Speaker 2: a whole you'd have to go around to the loop

635
00:29:27,960 --> 00:29:32,040
Speaker 2: de loop to get involved, whereas now it's just literally

636
00:29:32,040 --> 00:29:34,880
Speaker 2: on the Internet and they've got Facebook groups and Facebook

637
00:29:34,920 --> 00:29:37,760
Speaker 2: pages that you can follow, and as I said, it

638
00:29:38,000 --> 00:29:42,880
Speaker 2: feels incredibly transparent, like when somebody is open enough to say, hey,

639
00:29:42,960 --> 00:29:45,800
Speaker 2: the here's my bank screenshots. Look how much money I make?

640
00:29:46,000 --> 00:29:48,480
Speaker 2: Who am I to argue with you? So it's now

641
00:29:48,640 --> 00:29:50,920
Speaker 2: literally only this week where I'm doing a deep dive

642
00:29:50,960 --> 00:29:53,480
Speaker 2: into this. I'm like, guys, they were blacklisted by the

643
00:29:53,560 --> 00:29:56,520
Speaker 2: Russian government on the thirteenth of July, and then on

644
00:29:56,560 --> 00:29:59,960
Speaker 2: the sixteenth the Central Bank of Russia issued a legitimate

645
00:30:00,080 --> 00:30:03,760
Speaker 2: public warning, like, can somebody maybe let Australians know as well,

646
00:30:03,800 --> 00:30:06,440
Speaker 2: because like nobody's talking about this, and the fact that

647
00:30:06,480 --> 00:30:10,200
Speaker 2: there is such significant warnings existing, like why are we

648
00:30:10,240 --> 00:30:11,960
Speaker 2: not talking about this? I mean, I did have to

649
00:30:11,960 --> 00:30:13,720
Speaker 2: translate a lot of the websites that I was on

650
00:30:13,920 --> 00:30:18,000
Speaker 2: from Russian. Thank you Google Translations. I'm say you learned Russian.

651
00:30:18,640 --> 00:30:21,440
Speaker 2: But it seems to be relatively well covered over there,

652
00:30:21,600 --> 00:30:24,680
Speaker 2: whereas in comparison, like, we haven't heard anything about this,

653
00:30:25,040 --> 00:30:28,360
Speaker 2: and very recently I watched a conference video online where

654
00:30:28,440 --> 00:30:31,200
Speaker 2: Jane Hume, who is a local MP, was talking a

655
00:30:31,200 --> 00:30:34,640
Speaker 2: lot about TikTok influences and you know, not being a

656
00:30:34,680 --> 00:30:37,600
Speaker 2: fan of finfluencers, and I can kind of get where

657
00:30:37,640 --> 00:30:39,960
Speaker 2: she's coming from because there is a lot of danger

658
00:30:40,080 --> 00:30:42,360
Speaker 2: in this topic and there isn't a lot of regulation

659
00:30:42,520 --> 00:30:44,840
Speaker 2: around what we do and how it works. I mean,

660
00:30:45,000 --> 00:30:48,120
Speaker 2: the financial services industry is a little bit different. That's

661
00:30:48,160 --> 00:30:51,000
Speaker 2: incredibly regulated, yes, but people who just want to start

662
00:30:51,000 --> 00:30:54,120
Speaker 2: a TikTok and they're really passionate about wealth creation, which

663
00:30:54,440 --> 00:30:56,920
Speaker 2: I feel like has existed for a couple of years

664
00:30:56,920 --> 00:31:00,160
Speaker 2: and is now the center of conversation. But if it's

665
00:31:00,200 --> 00:31:02,080
Speaker 2: one of those things where how do you know they're

666
00:31:02,240 --> 00:31:05,280
Speaker 2: being regulated and should they be regulated and what's going on?

667
00:31:05,400 --> 00:31:07,880
Speaker 2: And you know, Jane Hume just wanted to call to

668
00:31:08,000 --> 00:31:11,160
Speaker 2: essentially counsel them all, And I don't particularly agree with

669
00:31:11,240 --> 00:31:14,280
Speaker 2: that because I actually want to have open, honess conversations

670
00:31:14,320 --> 00:31:16,440
Speaker 2: about wealth and money and I would love to think

671
00:31:16,480 --> 00:31:20,120
Speaker 2: that more people created more money content. But how do

672
00:31:20,200 --> 00:31:23,320
Speaker 2: you differentiate between the stuff that's dangerous and the stuff

673
00:31:23,360 --> 00:31:27,080
Speaker 2: that's educational when they are presented in exactly the same format,

674
00:31:27,480 --> 00:31:31,440
Speaker 2: Like how do I have a balanced conversation When anyone

675
00:31:31,480 --> 00:31:36,040
Speaker 2: with a phone can literally start becoming a financial influencer

676
00:31:36,400 --> 00:31:38,400
Speaker 2: just based on what they say and whether they've got

677
00:31:38,400 --> 00:31:41,080
Speaker 2: good rapport, how do we mitigate that and how do

678
00:31:41,160 --> 00:31:43,840
Speaker 2: we actually create a trusted space where you go, oh, no,

679
00:31:43,960 --> 00:31:46,160
Speaker 2: I follow Tony on Instagram. I know if she posts

680
00:31:46,160 --> 00:31:48,640
Speaker 2: something it's probably legit. It's all good. And I mean

681
00:31:48,680 --> 00:31:50,800
Speaker 2: we can all say take everything that you learn with

682
00:31:50,840 --> 00:31:52,960
Speaker 2: a grain of salt, and I would say that with

683
00:31:53,040 --> 00:31:55,160
Speaker 2: Shees on the Money as well. I'd never ever ever

684
00:31:55,240 --> 00:31:56,880
Speaker 2: want someone to listen to a She's on the Money

685
00:31:56,880 --> 00:31:59,120
Speaker 2: podcast and go and make a financial decision like that

686
00:31:59,240 --> 00:32:02,440
Speaker 2: is actually just really wildly irresponsible, Like you shouldn't do

687
00:32:02,520 --> 00:32:05,280
Speaker 2: that to yourself. You shouldn't limit your research to only

688
00:32:05,320 --> 00:32:09,120
Speaker 2: one place. But like on TikTok, there are heaps of

689
00:32:09,160 --> 00:32:12,239
Speaker 2: people talking about this, It's a whole trending hashtag, like

690
00:32:12,520 --> 00:32:14,160
Speaker 2: you know, it might be Tony talking about it than

691
00:32:14,280 --> 00:32:16,120
Speaker 2: just talking about then Victoria talking about it, and you

692
00:32:16,200 --> 00:32:18,240
Speaker 2: kind of just start to feel like it's real and

693
00:32:18,280 --> 00:32:20,280
Speaker 2: it's legit, and you're like, there are so many people

694
00:32:20,280 --> 00:32:23,120
Speaker 2: on board, and that then leans into the behavioral side

695
00:32:23,160 --> 00:32:26,440
Speaker 2: of money and you go herd mentality, I'm missing out

696
00:32:26,480 --> 00:32:28,400
Speaker 2: on something that they're in on and I'm not. I

697
00:32:28,440 --> 00:32:31,000
Speaker 2: feel like I'm missing out, And you get on board

698
00:32:31,000 --> 00:32:33,600
Speaker 2: of something that maybe you're not that comfortable with yet.

699
00:32:33,680 --> 00:32:36,680
Speaker 2: Because you just don't want to miss out, you know, yeah,

700
00:32:36,680 --> 00:32:40,160
Speaker 2: the phomo of it, and that's really real. But yeah,

701
00:32:40,240 --> 00:32:42,880
Speaker 2: I just wonder, And I guess that's conversation that I

702
00:32:42,880 --> 00:32:44,880
Speaker 2: would love to open up in the future and have

703
00:32:44,960 --> 00:32:48,560
Speaker 2: more honest, open conversations about what do we do in

704
00:32:48,600 --> 00:32:51,760
Speaker 2: this situation, how do we keep each other safe online

705
00:32:51,800 --> 00:32:54,440
Speaker 2: and how do we make sure that the content we

706
00:32:54,520 --> 00:32:58,280
Speaker 2: are consuming is really legitimate? And I guess that's why

707
00:32:58,360 --> 00:33:01,880
Speaker 2: I try really hard to lean towards government websites so

708
00:33:01,920 --> 00:33:03,600
Speaker 2: that you always know that you're in the right place

709
00:33:03,600 --> 00:33:05,600
Speaker 2: and that you are safe. Like I don't want it

710
00:33:05,640 --> 00:33:07,680
Speaker 2: to just be She's on the Money as the home

711
00:33:07,720 --> 00:33:09,880
Speaker 2: for the information that you have, And that's why we

712
00:33:09,920 --> 00:33:12,680
Speaker 2: always promote go listen to all these other podcasts. These

713
00:33:12,680 --> 00:33:14,160
Speaker 2: are the ones that we know are good, Like we

714
00:33:14,280 --> 00:33:16,840
Speaker 2: know my Millennial Money and Equity mates are putting you

715
00:33:16,880 --> 00:33:19,760
Speaker 2: in the best possible position and they're trying really hard

716
00:33:19,800 --> 00:33:23,200
Speaker 2: to give you very balanced information, whereas I know that

717
00:33:23,200 --> 00:33:25,120
Speaker 2: there are other things out there that go, oh, like,

718
00:33:25,200 --> 00:33:28,040
Speaker 2: I'm not super comfortable with that because it's just not

719
00:33:28,080 --> 00:33:30,160
Speaker 2: putting you in the best possible position. And I mean

720
00:33:30,360 --> 00:33:33,280
Speaker 2: it's the same with financial influencers, Like there are some

721
00:33:33,360 --> 00:33:35,560
Speaker 2: that I doore, like Queenie. She doesn't know why I'm

722
00:33:35,560 --> 00:33:37,720
Speaker 2: obsessed with her, but I am. She does such great

723
00:33:37,760 --> 00:33:41,440
Speaker 2: content Broke Generation, so Emma, we've had her on the podcast.

724
00:33:41,720 --> 00:33:45,200
Speaker 2: These people aren't financial advisors, but their content is so good,

725
00:33:45,360 --> 00:33:49,400
Speaker 2: so wholesome and so realistic. But then there are all

726
00:33:49,440 --> 00:33:52,120
Speaker 2: the bad eggs that give everybody else a bad name

727
00:33:52,160 --> 00:33:54,400
Speaker 2: as well, which is just really disappointing.

728
00:33:54,760 --> 00:33:57,280
Speaker 3: Well, I guess it's like with anything, like use your gut,

729
00:33:57,520 --> 00:33:59,680
Speaker 3: try and research as much as you can, don't just

730
00:33:59,720 --> 00:34:03,120
Speaker 3: go to one point for any information. And if you

731
00:34:03,240 --> 00:34:06,920
Speaker 3: are after financial advice, engage with a financial advisor.

732
00:34:06,720 --> 00:34:09,000
Speaker 2: Absolutely, And I think to round all of that out,

733
00:34:09,239 --> 00:34:12,000
Speaker 2: if it sounds too good to be true, then it

734
00:34:12,040 --> 00:34:15,840
Speaker 2: probably is. And always always, always know that our dms

735
00:34:15,840 --> 00:34:18,360
Speaker 2: are open if you have any questions or you're worried

736
00:34:18,400 --> 00:34:21,880
Speaker 2: about anything, we are in there, like we love the goss,

737
00:34:21,880 --> 00:34:24,000
Speaker 2: like we want to research this stuff and share it

738
00:34:24,040 --> 00:34:26,319
Speaker 2: with our community. So if there is something that you're

739
00:34:26,320 --> 00:34:29,560
Speaker 2: worried about or not sure about, we will obviously try

740
00:34:29,640 --> 00:34:32,239
Speaker 2: really hard to give you a response on like hey, yeah,

741
00:34:32,360 --> 00:34:35,239
Speaker 2: probably be wary or here's some more informational. Talk to

742
00:34:35,280 --> 00:34:37,319
Speaker 2: ASIK or talk to the ATO or this is your

743
00:34:37,360 --> 00:34:40,520
Speaker 2: next steps. We obviously won't provide you with financial advice,

744
00:34:40,760 --> 00:34:43,280
Speaker 2: but we're a group of good friends doing good things.

745
00:34:43,320 --> 00:34:45,759
Speaker 2: I think Tony for sure. All right, guys, you can

746
00:34:45,800 --> 00:34:48,160
Speaker 2: stand up again. I know I said sit down. That

747
00:34:48,360 --> 00:34:51,600
Speaker 2: was probably a really lengthy couple of rants from me,

748
00:34:51,760 --> 00:34:54,080
Speaker 2: but I think it was really important. But as always,

749
00:34:54,120 --> 00:34:56,080
Speaker 2: I do think that is all we have time for today.

750
00:34:56,200 --> 00:34:58,560
Speaker 2: So just before we head off, we'd like to acknowledge

751
00:34:58,880 --> 00:35:01,879
Speaker 2: and pay respect to us Australia's aboriginal and tourist right

752
00:35:01,960 --> 00:35:05,680
Speaker 2: islander peoples. They're the traditional custodians of the lands, the

753
00:35:05,800 --> 00:35:09,600
Speaker 2: waterways and the skies all across Australia. We thank you

754
00:35:09,680 --> 00:35:11,759
Speaker 2: for sharing and for caring for the land on which

755
00:35:11,800 --> 00:35:14,560
Speaker 2: we are able to learn. We pay our respects to

756
00:35:14,600 --> 00:35:17,560
Speaker 2: elders past and present, and we share our friendship and

757
00:35:17,640 --> 00:35:18,720
Speaker 2: our kindness.

758
00:35:18,880 --> 00:35:21,480
Speaker 3: The advice shared on She's on the Money is generally

759
00:35:21,560 --> 00:35:25,360
Speaker 3: nature and does not consider your individual circumstances. She's on

760
00:35:25,400 --> 00:35:28,520
Speaker 3: the Money exists purely for educational purposes and should not

761
00:35:28,520 --> 00:35:31,680
Speaker 3: be relied upon to make an investment or any financial decision,

762
00:35:32,120 --> 00:35:35,680
Speaker 3: And We promise that Victoria Divine is an authorized representative

763
00:35:35,680 --> 00:35:39,360
Speaker 3: of Australia Pacific Funds Management for prior to limited ABM

764
00:35:39,400 --> 00:35:41,759
Speaker 3: three four one three two four six three two five

765
00:35:41,920 --> 00:35:44,640
Speaker 3: seven AFSL three three nine one five one.

766
00:35:44,840 --> 00:35:54,040
Speaker 2: See you next week, guys,