Latest / The Curve / RTC120: The Power of Investing with Kristen & Nat.

Transcript

RTC120: The Power of Investing with Kristen & Nat. · The Curve

0:00
Welcome to Raising the Curth, a podcast designed to teach you everything you need to know
0:05
to be better with your money.
0:07
And the wise words of Amy Schumer were slipping carrots into the brownie recipe.
0:11
I don't really get the saying.
0:13
It's kind of like eating vegetables that actually taste good.
0:17
You know, I'm like, I'm still not ready to eat.
0:19
Are you on the script?
0:20
It's basically like saying, investing in finance can be boring, but it totally doesn't
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need to be.
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OK, OK, so we're making it fun by putting the carrot.
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OK, the vegetables are just good for you.
0:33
It's the brownie recipe.
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OK, we got there, we got there.
0:36
OK, OK.
0:36
Well, you've really got a finance mate.
0:38
Yeah, one of us has to.
0:40
This is true.
0:41
OK, come and learn alongside me from Vick Harris, ex-fun manager.
0:45
Well, I'm going to ask all the questions that you wish you could.
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And I'm going to be eating all the brownie you wish you could.
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No, that's so not the joke, Vick.
0:53
OK, just come and talk and learn and laugh with us.
0:56
Because together, we really can raise the curve.
1:00
Kristen and Nat are two enormous curve supporters, aren't they?
1:05
I mean, when we first started the curve, they reached out to us.
1:08
And we're like, love what you're doing, girls.
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Let us know if you need me help.
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And we were like, please get your apples with everything.
1:13
Yeah, yeah.
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And we've had some great catch ups with them.
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We never there in town.
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When we were living in Auckland, they were in Wellington.
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Whenever they'd come up, we'd always grab my gratis and just talk shit to the point.
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It's like, oh gosh, we've got to go.
1:24
Actually, and I always seem to get like food and no one else really did.
1:27
Yeah.
1:28
You know, like all the times we've met them, I've been like, I'll get a pizza for one.
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And I'm like, you know what I'm saying?
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Everyone's like, no, I don't care.
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I don't care to say the whole thing.
1:35
So they started a new company called PowerSoot,
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which is all about bringing more women into more leadership roles.
1:41
Yeah, which is...
1:42
Which is...
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It's such a...
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Yeah, C-Suite roles was even something I didn't even know at that moment
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when we first started the curve.
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But essentially means at the table, in massive companies making big decisions.
1:52
So, you know, C-Suite is like CEO.
1:55
C-E-O-O.
1:56
Oh.
1:57
C-O-O.
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No.
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C-Suite.
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Yeah.
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Wow.
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Oh my god.
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Thanks.
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It makes sense.
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Yeah, yeah, yeah.
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Yeah, yeah.
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But we don't seem to be like, we need a C-Suite.
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We need a C-Suite person.
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I'll be totally overusing that.
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For sure.
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But this podcast, I think what we wanted to talk to them about.
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So they started HETCH, which is a New Zealand trading platform.
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Similar to Shesys, you go on, you put money in, you're digital wallet,
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and you can buy fractional shares.
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Yeah.
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So they've started their own...
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They've done a start-up, they've worked in the finance space,
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and now they are empowering woman to get into leadership roles,
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which is amazing.
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And on their podcast, they talk about all kinds of things.
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So I'm like, confidence, to pay rises, to this, to that.
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Like, it's really broad.
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So it's incredible, yeah.
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Yeah.
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And if you want to listen, you totally can find them with Spotify or Apple.
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But we also spoke to, like, Nat, particularly, is invested since she was really young,
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which I loved hearing about.
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I think, yeah, just hearing how people get into it and how early they invested,
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and then what their journey's been since then always really fascinates me,
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because I was so led to the game.
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Yeah.
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And they're quite a dynamic duo.
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They're very different, just like you and I, and it's quite...
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It's always a fun time.
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Who do you...
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I reckon you're more like Kristen, and I'm probably more like Nat.
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Yeah.
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They're both super creative and super outgoing.
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Yeah.
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But they definitely lean into different...
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It's just like we're two founders.
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Yeah, they have different school sets.
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And you can tell.
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And I think you'd be able to tell with us as well.
3:25
Yeah, yeah, yeah.
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But, yeah.
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Literally, in our video, when we're like pitching to investors, it's like,
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one person doesn't even know how to log in.
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Yeah.
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You know, it's like, yep, that's me.
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That's me.
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Anyway, yeah, it was a great chat.
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And, yeah, having four people on the podcast was quite...
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It was a bit overwhelming, wasn't it?
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Yeah.
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I mean, it's hard to not talk over each other.
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With two of us.
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A little loan for it.
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Yeah, with two of it.
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Yeah.
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Yeah.
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Don't talk over each other.
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And we'll take this offline.
3:52
Welcome.
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Kristen and Nat.
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We were just saying off-market.
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It really feels like you guys have already been on the podcast.
3:59
I know.
4:00
You haven't.
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But we've just had so many fun, little drink dates.
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Margaritas.
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We have.
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We switched to body killers and body soddies.
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Yeah.
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We've really advanced bodies.
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Oh, I love that.
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I'm so Aussie.
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A body soddies.
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To killie soddies.
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To killie soddies.
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To killie soddies.
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To killie soddies.
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No.
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Last time we caught up with Kristen and Nat, we had a podcast recording after.
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And we had one soddie to killie before.
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And we were on form and I thought, shit, maybe we need to be drinking for all of our podcast.
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I turn around and so I just put my sunglasses on, sitting in the podcast, you were saying
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that I was like, oh, you're really paying attention.
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I'm glad I prepped for this podcast.
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Yeah, it was quite fine.
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You were on form because we had a podcast afterwards and I was not on form.
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But that's because I had a beer, not a body soddie.
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Yeah.
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That's the issue.
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Did you have two beers actually, Kristen?
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Was it actually there?
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Oh, yeah.
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Yeah.
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What does that do?
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It's a killer day.
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It keeps the.
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The doctor.
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The doctor is away.
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Yeah.
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It keeps the podcast alive.
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Yeah.
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Just created my own quote.
5:00
So so often I get asked this all the time and I love how we like throw to each other.
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Oh, you can answer this one like we're a couple or something.
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You know, it's like, how did you get engaged?
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How did you meet?
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And you just sort of.
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How did you get one on one name?
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Yeah.
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And you kind of look at each other really cute.
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And it's like, you answer this one.
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No, you answer it.
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You hang on.
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So we want to ask you, how did you two first meet?
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Well, Kristen proposed to me.
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Do you want to recount our proposal story?
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It was on the IPhone.
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You recount it.
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I remember the first day I met Kristen.
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She was running an innovation hub for a wealth company.
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And I had gone through about, I've never had a job interview before.
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But I thought it sounded really interesting what they were doing.
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And so I'd worked my way through at least four different interviews.
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For something that I was like, I don't even know what this thing is.
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I don't even know what I'm doing until I finally landed with you need to meet Kristen.
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And so she turned up 20 minutes late in a flap.
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And I was like, this woman is my soul mate.
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And I don't know if we even talked about anything we needed to talk about.
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But we had a drink.
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We had a great chat, which is apparently my style of job interviews.
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And we started together in this innovation hub.
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And very quickly, you know, through a bunch of ideas out, got the organisation
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up and running on a few projects.
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And then because we're asked, pitched back to them, hey,
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we actually want to start this fintech with your support and partnership.
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You want to give us a bunch of money and let us do it?
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No way.
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Is it how hatch started?
6:38
Yeah.
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I had no idea.
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Some of the people who aren't based in New Zealand hatch is one of the leading trading platforms in New Zealand
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in terms of buying partial shares, buying fractional shares, whatever you want to call it.
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Or you can buy 10% of the Microsoft share if you want on hatch.
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And that was your baby.
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Well, your big baby, your mess of baby.
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You could actually go first.
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Was it a joint effort?
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It was absolutely a joint effort.
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And we had two other co-founders as well, Blokes, who were a divine, an ops, an ops guy, an attack guy.
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But Nat and I were effectively, I mean, we ran the show, didn't we, Nat?
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I was going to say there's a sounding like a very Frankenstein baby.
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It was a lot more beautiful than that with its four parents and multiple birthing vessels.
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Very well looked after baby.
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And how did the idea come about?
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So you were in this incubator hub and then what are some problems that people are needing solves?
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How did that conversation come about?
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Well, we knew we wanted to do something in the wealth space, obviously,
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being inside of a wider wealth slash bank at the time.
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And so we just thought, what do Kiwis feel about wealth in general?
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Like, what does that even mean to them?
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How is it that they want to live?
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What are their goals?
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How are they, I suppose, saving and investing?
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And what is it that they even define to be wealthy as?
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And it turns out most of the time it's actually just choice.
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It's about balance. It's about freedom.
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It's about having enough to do the things that I love and to have choice
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and not necessarily a private jet, although that wouldn't be bad,
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except for for the climate.
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But I'm not going to have one. It's all good.
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But yeah, so we went out and did hundreds of hours of research.
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We talked to everyday Kiwi and just got a real sense of what it meant to them,
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their futures.
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And how was it that they were working towards those futures, their dreams?
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And how could we support them in that?
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How could we demystify this concept of investing in things that they love,
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which effectively you named Microsoft at the top?
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But if we could take something that was really hard and complex and foreign
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and not part of their worlds like investing and stock market and New York's stock exchange,
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all these really scary terms, then just say it effectively is backing the companies
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that you know and love.
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If we could kind of bridge that gap, that is how we could support them
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to effectively reach their goals.
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And so we did lots and lots of research.
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We got really clear on the problem that we were solving,
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which was to give access to these incredible companies and brands to help them on their way.
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And then, yeah, effectively just we're really clear on kind of,
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I suppose the problem to be solved and who we were targeting.
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I think it, personally for us, it's helped our business.
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And there's sense that if we're educating women about investing,
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we're like anyone can do it, everyone can do it.
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And it actually wasn't platforms like Hatch out there where you could invest $5 or $10 or $20.
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Then it's kind of would be talking, you know, information would be falling on deaf ears.
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So anyone can do it.
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Oh, but you need a hundred grand.
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Do you, did you guys invest before you started Hatch?
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Like what are your portfolios look like?
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What's your approach to investing?
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Are you still investing now?
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I have been a massive investor for a very long time.
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I probably started in my early 20s when there wasn't that access.
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So I started with smart shares and really got interested in that
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and started putting money aside every week.
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And then I grew and grew and grew various different things
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and have always been a real set and forget,
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take every amount of money that comes in and immediately send a bunch of it to investments
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and then forget they even exist.
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And what's been really cool about that,
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and actually probably at the start of Hatch, it was the coolest part for me,
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was I had already had sort of 10, 15 years of growth.
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And so when you're talking to new people about new investors
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and they have this sense of, oh, every day it goes up and down
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and it feels so scary.
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I'd actually experienced that feeling,
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but also what happens over time with those ups and downs
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proportionately become very small
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and it actually takes a lot longer or much bigger drop
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for your portfolio to drop into the red over that time frame
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because you've just had that compounding growth for years and years and years.
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So I'm a huge fan.
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I, and one of the greatest joys of being part of Hatch
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is that I'd spent years very clumsily trying to convince all my friends
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to invest because I could see its power
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and suddenly having a platform and the ability to kind of figure out
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that all the things I'd been saying weren't working because you know,
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you can't force people to do something that they terrified of
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or that they don't think is for them.
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And there's actually a whole bunch of behaviour change elements that need to go into it.
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And I was, I was the complete opposite.
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I had a Kiwi saver, I was in the wrong fund,
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and I also had a fund through a financial advisor,
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which I engaged with, and I think my first job when I've got on the career ladder,
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it was, I knew I had to invest, and so someone hooked me up with a financial advisor
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and for over 15 years, I was paying far too much,
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not even understanding what was going on.
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He did some risk profile on me, and I was like,
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he asked me, do you want to lose your money?
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And I was like, no.
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So he put me in a low risk profile,
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everything that you could think of of a disservice to me as a woman
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and who just needed it to be broken down
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and to be supported through my decision-making.
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With common sense, what went wrong?
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So really hatched.
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By the time I got to hatch, I changed it all up, took back control,
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and in the rest of history.
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Who was he and what's his number?
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They said I can see a face across the desk.
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I'm like, move on, move on.
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What are they saying?
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97% of women change financial providers if their partner dies,
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because they're just not being served at all.
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So it's a huge percentage.
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Now, what did you invest in years ago when you were in your early 20s,
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and what are you investing in now?
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Like, is it stockpicking?
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Do you invest in ETFs, funds?
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What's your approach?
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Right.
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If I can add your advice on this, I started out in funds,
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and I am a huge fan of Warren Buffett's philosophy of keeping
13:07
as simple as possible.
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So I'm very much a S&P 500.
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I've got a European fund,
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and a couple of very small New Zealand funds,
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because I have learnt over the years we are a tiny market.
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But what I have done, and I'm an 80-twenty rule,
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I try and put the bulk of that into set and forget,
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and then every now and again, I really back a company.
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And my first company I really backed was zero,
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and I participated in the IPO,
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and convinced a bunch of my family too.
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My mum and dad have an epic retirement
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as a result of my terrible financial advice.
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Oh my god, I love that.
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But what I did was sell my shares along the way.
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So I bought shares in zero for a dollar,
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and I sold them for $10, and I sold them for $15,
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and I sold them for $45, and now they were...
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Just for context.
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Zero shares worth $113, Australian dollars.
14:00
Yeah, push it.
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And that's probably not even at their peak.
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Wow.
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So then when we started hatch,
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I thought I am going to change my behaviour,
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because if you really back a company,
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you should buy shares, and hold on to those shares
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for a very, very long time.
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And I'd heard about Amazon and Google,
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and all those companies where if you just bought them in the 80s
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and held on, you'd be a multi-multi-millionaire.
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So I invested in Tesla,
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and this was my biggest individual share to date.
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I invested $10,000 in Tesla,
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which is now worth $200,000.
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And a decent portion of my portfolio.
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So I'm now having panic attacks going,
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diversify, diversify, diversify.
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But I was like, but I committed to myself to hold,
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and then I look at Elon Musk, and I'm like,
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oh, so I've done that,
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and then the other,
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if we want to go into mistakes, big mistakes I've made
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as I've just been doing a whole bunch of,
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because you know, over the years,
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you do a bit of this, and a bit of this,
15:00
when something interesting comes along,
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I'm terrible like that,
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and I'd realised I had a bunch of money
15:04
sitting in dividend funds,
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which is great as an alternative to savings,
15:07
but when you're in a growth phase of your life,
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like I had spent years missing out on a lot of money
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from them, because they'd just been paying me,
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you know, four, five percent dividend a year,
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and not doing anything else, really.
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Interesting.
15:22
I can't believe how amazing your investment career has been.
15:25
Career, sorry, I said a bit lame.
15:27
But seriously, you've invested,
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I feel like really well.
15:30
Yeah.
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Made some amazing decisions,
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like to invest in Tesla that early, and zero.
15:35
So cool.
15:36
How did you even know about them as companies?
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Did you research them?
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How did they cross your path?
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And you were like, oh, I'm invest in that.
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I reckon I, this is, again,
15:45
part of the philosophy of hatches.
15:46
Finance was meant to be,
15:47
or seen as this really crazy hard core,
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dude, bro, is wearing suits,
15:52
selling buy-by, sell-sell,
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and I was like, I'm not that person.
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I'm never going to be that person.
15:56
I think of investing like anything else.
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If I buy a house, I buy a house that I'd love to live in.
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If I buy shares in a company, I buy shares in a company
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that I think has an incredible strategy.
16:08
And I could, I was very, I pay to my superpowers,
16:11
my unfair advantage.
16:12
So I was working in tech.
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I understood software as a service
16:16
before I think a lot of New Zealanders.
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So I could see how zeroes model would grow and grow and grow.
16:21
And same with Tesla, I watched a bunch of videos
16:23
and just saw their vision
16:25
and saw that it wasn't a car company.
16:26
It wasn't a tech company.
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It will effectively change the world if they pull it off.
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And I just really, really backed them.
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But I don't do that very often because that is, you know,
16:35
it's very rare to come across a company like that at that stage
16:38
that you go, ooh, I think I see something
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that maybe other people don't see
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or en masse don't see as much yet.
16:44
Did your parents talk to you both about investing
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or how did you get interested in it?
16:50
Not for me.
16:51
No, they didn't.
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And it was definitely budgeting.
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I could see my mum were really stretching a dollar growing up
16:57
in a single mum household.
16:59
And so I understood the concept of needing to stretch a dollar.
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But I didn't have, yeah, I didn't really have a growth mindset
17:07
around that I deserved or could be wealthy or what that even meant to me.
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Like it was just always like this paycheck to paycheck
17:14
and could do some things and couldn't do other opportunities.
17:17
And so it wasn't really until I got around colleagues
17:20
in the workforce where others really were able
17:24
to demystify this concept of investing.
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And so that's, yeah, for me, very, it was new.
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I felt out of my comfort zone, which is why, kind of,
17:34
I felt like I got scammed a little bit
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with that financial advisor.
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But, yeah, so I just, like, I should be feeling, isn't it?
17:41
Yeah, it's gross.
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And I really think it leaves a bad taste in people's mouths.
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It's hard enough to step into the space
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of, I'm going to ask questions and maybe look at doing things
17:49
a bit differently, then to have an experience like that.
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It would be enough to put a lot of people off for a long time.
17:56
It's the same even with investing.
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If you don't do it correctly and you invest in something
18:01
that is too high risk or you lose a lot of money
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or you invest at a bad time or you invest too much,
18:06
or whatever it is and you get put off,
18:08
it really knocks your confidence
18:10
and then you just don't invest ever again.
18:12
It's like people invested before the global financial crisis
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or before the.com bubble burst.
18:18
And they've just got such, well, they lost a lot of money,
18:21
which have been very stressful.
18:23
But it's, yeah, it's kind of, it's harder than it seems,
18:27
but it's taking that and having a fresh set of eyes on it
18:30
and being like, okay, I'm going to start new day.
18:32
It's, you know, just having that more, I do deserve better,
18:35
I do deserve more.
18:36
Well, I even think that with all the times
18:38
that I accepted too less as a salary as a woman
18:41
through my entire career, I was always like,
18:44
oh, I'll do this for the learning
18:46
and I didn't know, no one ever told me.
18:48
Oh, my God, it's sane.
18:49
I worked for free for like four months or something.
18:52
When the Christchurch earthquake happened,
18:54
I left broadcasting school.
18:55
And I remember being like so keen to work in radio
18:59
that I went and did honestly like nearly four months
19:02
of fully free work.
19:03
And I think about whoever was the boss at the time
19:05
and I'm like, it's quite shit actually to take advantage
19:07
of them on that much.
19:08
Yeah, no, I know.
19:09
But I do think actually, Christen,
19:11
that like scarcity mindset or, you know,
19:15
not necessarily being introduced to the idea
19:17
of growing your money from an early age puts you
19:20
in a place of, I might never get better.
19:23
I've got a great opportunity.
19:24
So I should take what I can get.
19:26
Like, I grew up with really similar values
19:28
of stretching a dollar, like even yesterday
19:30
when I went to fill up my car.
19:32
My dad was like, oh, don't go to the BP down the road.
19:35
Make sure you go on gas or something
19:37
or rather to check where the cheapest fuel is.
19:39
And I was like, I feel like I should repair it all.
19:41
I'm free of deal.
19:42
Yes.
19:43
I'll do exactly the same thing.
19:47
Or I just think there's like, it's a fine balance
19:50
between stretching a dollar and growing a dollar
19:52
and figuring out where the most effort should be put,
19:55
because if you're only focusing on the stretching,
19:58
there's only so far you can make it go.
20:00
And I also think on the flip side as well,
20:02
if you're not focusing on the frugalness
20:05
or, you know, making the most of a dollar
20:08
or stretching it, it can kind of have the opposite of feet.
20:10
So yeah, you do need it.
20:11
You do need a good balance.
20:12
I feel like we're a good balance.
20:14
And you guys seem like a good balance too.
20:16
In terms of the whole growth mindset,
20:19
that kind of thing.
20:20
And then it's like, actually, what's the best use of that?
20:22
Well, even when it comes to business, like our expenses,
20:24
we were talking about how much we're spending a month on our contractors
20:28
and things like that.
20:29
And my immediate thought was, let's go through our expenses
20:32
and I'll see what we can cut down.
20:34
And bits like, no, no, no.
20:36
Let's see where we can make more money.
20:38
And it's like, gosh, it's so interesting how you're the way
20:41
that you have always thought about money as your default.
20:43
And I think what you've done with hatch
20:46
and even just these kinds of conversations
20:48
and that you're sharing your experience growing money,
20:50
it opens people's perspectives up too.
20:52
If they're in a situation,
20:54
do I want to spend my energy cutting back on family groceries
20:58
or do I want to look at how I can put a side $5 or $10 a week
21:02
towards, you know, the estimated 500 and grow.
21:05
It's just, I think, you're right.
21:07
It's a combination of both.
21:08
You don't want to be frivolously spending money
21:10
like it's going out of fashion, but at the same time.
21:13
You don't want to be just being frivolous
21:15
and then not also investing.
21:17
Do you think the way I see money
21:19
and I think is probably how I was raised,
21:21
is not growth or conserving,
21:23
because my parents did both.
21:24
It was actually just having no emotional connection to money,
21:27
just seeing it as a tool.
21:29
And when you see it as a tool,
21:31
and you don't identify with it in any way,
21:33
you go, okay, so the problem is,
21:35
I don't have enough money right now,
21:36
or our cost to revenue out of whack,
21:39
which side of the tool do I use?
21:41
And you just start to think about it quite differently,
21:43
rather than conserving or growing.
21:45
You're just like, right now,
21:46
for example, when we left hatch,
21:48
I have a really strong philosophy of,
21:49
I don't like to go backwards financially,
21:51
so I was like, right now,
21:52
and I knew we wanted to start a new business,
21:54
so I was like, it's going to take a while before
21:56
I can start growing money again.
21:58
My tool for the moment is to cut spending,
22:01
and then now we're in sort of a slightly different stage.
22:04
So it just sort of changes the conversation
22:06
from one or the other to use both when it makes sense.
22:10
I reckon I need to instill that a bit.
22:13
In what mean?
22:15
No, in my life.
22:16
Like just having a bit of a emotional detachment to money.
22:20
Yeah.
22:21
Because I feel like it kind of consumes me a bit too much.
22:23
Yeah, like we were talking about our cancer,
22:25
but got tears in our eyes and I thought,
22:27
you know what it is?
22:29
It is. There's so much like emotion wrapped up in money,
22:32
and spending money.
22:33
Even like...
22:34
And I just also find doing,
22:36
having a business about money.
22:37
I know.
22:38
I'm managing a business finance.
22:39
It's my finance.
22:40
I'm just like, wake up, and it's like,
22:42
money, money, money, money, money.
22:43
And then you go out on a string about flying cash notes.
22:45
And get into people who are like,
22:47
at a gig, and they're like,
22:48
oh, the curve, and you're like,
22:50
had a couple of mushrooms,
22:51
and you're like, the last thing I want to think about right now
22:54
is fucking investing, you know?
22:56
Is this your cuping mechanism?
22:58
No, no, I'm actually joking.
22:59
It is fun, like talking about it with people
23:01
obviously listen to the podcast,
23:02
but it can be really all consuming.
23:04
And I think separating the emotion
23:06
from what needs to be done,
23:07
I find super difficult as well.
23:09
I don't know if you've got any tips,
23:10
Nat, on how you've managed to do that,
23:12
or like distance yourself from
23:14
saving, spending, investing.
23:15
I was just going to say,
23:16
never start a business with Kristen then,
23:17
because when we go to parties together,
23:19
she starts for the first couple of hours.
23:20
She's like,
23:21
flushing everywhere, talking about power,
23:23
and creating all these amazing connections.
23:25
Then a couple of hours later in the night,
23:27
when I've had quite a few drinks,
23:28
they're like, oh my goodness,
23:29
you're Nat, you're Kristen's partner.
23:30
Let's talk about power soon.
23:32
I'm like, oh no, no, no.
23:34
You're like, no, I've had too many margaritas.
23:36
It's great.
23:38
No, I think the only thing I can point to,
23:41
and we've obviously thought about this a lot over hatch
23:43
and post hatch and having,
23:45
because we both think having many conversations
23:47
is really important and normalising talking about it,
23:50
the only thing I can point to,
23:52
because just to be clear,
23:53
my parents were wealthy,
23:54
my dad was in the military,
23:55
my mum didn't work
23:56
because they were travelling around so much.
23:58
We did not grow up in a high-income family,
24:00
but the only thing I can think about
24:03
is my parents never created a sense of scarcity.
24:08
So an example of that would be,
24:10
I never went to school.
24:11
Holiday programmes,
24:12
I was never able to have all the cool stuff
24:14
that, you know,
24:15
what are they called?
24:16
Chatterings,
24:17
and all of that stuff,
24:19
my...
24:20
Chatterings.
24:21
No, no, no, no.
24:23
But my mum never said we couldn't afford it.
24:25
She...
24:26
I'd never once remember in my life hearing
24:28
the words we can't afford it.
24:29
She would always have another way of portraying it
24:33
that didn't assign scarcity.
24:35
So it would be,
24:36
well, if we want to do that,
24:37
how are we going to save for it?
24:38
Or,
24:39
why do you want Chatterings?
24:40
They're probably going to go out of fashion in two weeks.
24:42
Let me know in two weeks if you want them.
24:44
And really just made me think,
24:46
like the idea of money being a scarce thing
24:48
just never really occurred to me,
24:50
but the way to think about money
24:52
and how to use it to
24:53
get what you want and to prioritise the things you want
24:56
and not waste it on things you didn't want
24:58
was sort of what was instilled in me.
25:00
So that's the only thing I can point to is that
25:02
my parents just never really talked about it as a
25:05
thing that we didn't always have.
25:08
If they did, though,
25:10
for me coming out the other end,
25:11
I think what I've learned in Vika
25:13
I can really relate to that money,
25:14
like stressor, I think,
25:16
because I still do get that.
25:17
But I think I always go
25:19
today as a fresh new day
25:21
and I can start anything today,
25:23
like recognising kind of this clean slate
25:26
and today is a fresh start
25:28
and I can grow from here.
25:30
But it's also, I think,
25:31
a back nut and I to build assets of value.
25:34
Like we were able to build hatch
25:36
into this incredible asset
25:38
that was really valuable ultimately in the end
25:40
and I back us to do it again.
25:42
So they're looking forward
25:44
and recognising your superpowers
25:46
and actually increasing the value,
25:49
ultimately of your income
25:52
or future income is possible,
25:54
anything's possible.
25:55
I also fail for parents these days.
25:57
Like, gosh, you're right.
25:58
Oh, I don't want to give my kids too much
26:00
because they now think that everything comes for free.
26:02
Oh, but I don't want to give them too little
26:04
because they now have a frugal mind.
26:05
See, I would just,
26:06
gosh, I don't want to do it any time.
26:09
Like this one ain't bad.
26:10
Eric goes, I'm not going to be out of kids.
26:12
I don't have time.
26:13
I got it.
26:14
And I was just complaining yesterday.
26:16
The mind is so spoiled.
26:17
It's like, even if they're not spoiled
26:19
with financial means, they're spoiled with convenience.
26:22
Like kids, there's no friction in their lives anymore
26:25
going from A to B or getting drop-offs
26:27
or whatever lunch is made, dinner is made.
26:31
I mean, it's like, they're spoiled with convenience.
26:33
Anyway, I'll do a guess.
26:35
I'm going to try to spoil it.
26:38
You guys have a podcast
26:40
where you have encouraging woman to
26:43
step up to a place of leadership,
26:45
learn more about how we can step
26:48
into positions of power in business
26:51
and our personal lives.
26:53
And you talk about all different types of things
26:55
in the podcast.
26:56
And when we were trying to figure out
26:57
what we wanted to talk to you about,
26:59
of course, the investing lens was really important.
27:01
But there was also so many interesting conversations
27:04
that you've had.
27:05
And we wondered if we could do a bit of a speed round type thing,
27:08
where we could bring up a couple of the podcasts
27:10
we've seen and listened to and really liked
27:12
and just throw to one if you give some key points on it.
27:15
And for anyone that does want to go and listen to more
27:17
of those podcasts and find out, you know,
27:19
in more depth about some of these conversations
27:21
they can do that.
27:22
Would you be open to that?
27:23
Yeah, okay.
27:24
And shout out to Sophie for helping us with our podcast, by the way.
27:29
I remember our little ear checks.
27:31
All right, guys, you talked too much in that episode.
27:33
All right.
27:34
We were like, love this.
27:35
We were able to do a bracelet impact.
27:37
And you were so lovely.
27:38
Oh gosh.
27:40
So what do you think are the biggest barriers
27:43
or common things that women struggle with when it comes to
27:46
steppian to leadership roles?
27:47
Let's throw to you, Kristen.
27:49
Well, there is a common belief that the glass ceiling
27:52
is actually biggest barrier.
27:53
But did you know that it's actually the first rung on the ladder
27:57
for every 10 men that get their first promotion into a managerial role?
28:02
Only seven women get that.
28:04
And that's on the very first career ladder.
28:07
The biggest barriers are that right from the get go.
28:10
We are not given clear supportive pathways to promotion
28:15
up the ladder.
28:17
I mean, I could talk about so many workplace biases
28:22
and microaggressions and things that go unseen
28:25
or that are simply accepted.
28:27
But I think if we just look to every step along the ladder,
28:31
ultimately we only have the biggest companies.
28:34
We only have of those 10% are run by women.
28:38
And so you might go, oh gosh, it's really hard to get that top job.
28:41
But it starts right at that first run.
28:43
Do you think there's also an element of businesses being afraid
28:47
of women having babies and what that's going to mean financially?
28:50
And therefore it's actually way easier to keep them in lower positions
28:54
that you can fill quicker without, I guess, as many skills
28:59
as you might need in a CEO role or not hire them at all?
29:02
Yeah, there could be, I mean, we've heard some pretty horrific stories
29:06
on the front, which is always disappointing still in 2023, 2024.
29:10
It's like, no, this isn't happening.
29:12
No, that didn't happen to you.
29:14
I'm sure there's a number of threads to unpick there
29:17
and absolutely stepping out of the career workforce
29:20
and even stepping back into it is a massively challenging thing
29:25
to do.
29:26
And I know I experienced that myself having kids too.
29:28
I had to step out twice.
29:30
And then coming back in, my confidence was hit.
29:32
I didn't back myself to take on a big job at the time
29:36
or I really struggled to get there
29:38
because I had this gap in my career.
29:40
And so yeah, I think there's a number of threads to unpick there
29:43
and I can't speak for any organizations
29:45
or people who feel are doing anything on purpose.
29:49
But yeah, this stuff happens still.
29:51
I remember I had a friend and she took off her waiting ring.
29:54
She was going for a job interview.
29:56
And she took off her waiting ring
29:57
because she didn't want them to think,
29:58
oh, you've got married.
29:59
So you're going to be having babies.
30:01
Just go in and pretend that you can't get a date
30:03
and that you're not getting anything kids for like 15 years.
30:06
Just go around being like, I'm single.
30:08
I'm single.
30:09
And you're not guys in your office.
30:11
Do you?
30:13
Someone said, I swear, get married on Instagram just a few weeks ago.
30:16
You'd be like, no, no, no, no.
30:17
Didn't you have an interview with a bank once?
30:19
And they asked you a personal question
30:21
and someone so funny because he was actually my boss in my last job.
30:25
So he moved.
30:26
And so he actually became my boss.
30:28
Can you tell the story?
30:29
This is too good.
30:30
The police is high.
30:31
He's the most lovely guy.
30:32
But I went into a big bank for an interview
30:35
because I was probably like five years ago now.
30:38
Anyway, and there was two men interviewing me
30:41
and then about 20 minutes from the interview
30:44
this lady comes in and they were like,
30:45
sorry, you're not allowed to interview.
30:46
You're not allowed to interview a female without another female president.
30:48
So I was like, okay, we had a bank.
30:50
We had a big, big, big rules.
30:52
So she sat there and said anything.
30:53
And then it was great interview.
30:55
And I got on with them really well.
30:56
And at the end,
30:57
I was like, I was nailing it.
30:58
Yeah.
30:59
I had had just,
31:01
I was planning to go over the States.
31:03
And you know, I had come back.
31:04
And I was about,
31:05
we're just chatting about life.
31:07
And then he asked,
31:09
so are you married?
31:11
Or something on the lines of like,
31:13
do you have a partner?
31:14
Or something literally just making conversation
31:16
because I was like,
31:17
oh, I'd gone overseas and I'd come back
31:18
and he was just kind of being friendly.
31:20
And she goes, no, you can't answer that.
31:22
And she looked at him and she was like,
31:23
you cannot ask that.
31:24
And then I got awkward.
31:25
And then he got awkward.
31:26
And I was like, oh, this is,
31:28
this is what it's going to be like working at a bank.
31:29
You know, it's just like everything's like,
31:31
you know, rules and regulations.
31:33
Anyway, we laugh about it now.
31:35
And we actually worked here that he was like,
31:37
I was genuinely just interested in your life.
31:41
And I don't know, it was quite funny that way.
31:43
That's right.
31:44
The point of the story is that you're not allowed to ask it
31:46
because it's basically trying,
31:49
as if you're trying to figure out how soon you
31:51
are having kids,
31:52
might you have to take time off work.
31:54
But it was funny.
31:55
I was very late 20s.
31:56
And it didn't even occur to me.
31:58
That's what they were asking.
31:59
I was sitting there about to be like,
32:01
oh, no, I don't have a boyfriend.
32:03
And before I even could,
32:05
they were like, no,
32:06
do not answer that.
32:07
But yeah, it's quite good, I guess,
32:08
to even the playing field that they can't even ask those Christians.
32:10
But with today's world,
32:12
you can pretty easily figure it out.
32:14
One question I want to ask is,
32:17
you talk about the 80-20 rule.
32:19
What is that?
32:20
And can you explain the concept a bit better?
32:22
And I've actually been in a conference with Nash,
32:24
and she's explained this so well.
32:26
So I'll throw you.
32:28
80-20 rule is basically 80% of the outcome
32:31
comes from 20% of the effort.
32:34
So the guy who invented the term,
32:37
or the sort of labeled the term,
32:39
looked around a couple of things.
32:41
One was his garden,
32:42
and realized that 20% of the trees produced 80% of the fruit.
32:46
And when you start looking into it,
32:48
I'm sure we've all experienced the same thing.
32:50
We've applied it to things like teams at work.
32:54
When you think, probably,
32:55
you're top 20 performance.
32:56
Probably do the 80% of the value in the organisation.
33:00
Christians, great example,
33:02
which was very trigger alert for me,
33:03
because I just had to throw out a bunch of clothes.
33:05
That no longer fit,
33:07
was that we probably were 20% of our wardrobe,
33:11
80% of the time.
33:13
We have probably group chats with funny silly names,
33:17
with 20% of the people we know,
33:19
and we spend 80% of our time talking to them.
33:22
So the concept if you actually apply it to your work
33:25
is really, really powerful,
33:26
because a lot of us probably identify as perfectionists
33:29
and overachievers and high achievers.
33:32
And what that might effectively mean
33:34
is that we are wasting an awful lot of time doing stuff
33:37
that doesn't add an awful lot of value.
33:40
And while I think it's very easy for us to go,
33:42
oh, it's 80%, it's obviously just sort of a vague idea.
33:46
It's a really, really powerful tool
33:48
to challenge yourself to look at
33:50
where you're adding value
33:51
and where you might be able to save time
33:53
to use for something that's actually
33:55
a little bit more strategically important.
33:57
How do you identify that 20% though?
33:59
I feel like this.
34:00
Yeah, no, I think so.
34:01
I think you'd be surprised.
34:03
I think there's so many,
34:04
I mean, it's probably related to different things
34:07
that have different rules,
34:08
but I have seen so many people who,
34:11
when you're presenting something to your team,
34:13
they polish it and polish it and tidy and tidy,
34:16
where it's like you actually could just go and deliver the message.
34:19
Emails, there's the way you present documents,
34:23
there's when someone does something
34:25
that's not quite to your standard
34:27
and you're new staff all night doing the rest of it,
34:29
and actually their standard was probably fine.
34:31
There's a bunch of those really tangible examples,
34:33
but that we're obviously very action focused.
34:36
So one of the things we just say is,
34:38
just have a think when you're doing something.
34:39
Is this actually adding a lot of value room?
34:41
Are you going to be spending a ton of my time
34:43
maybe to improve it by 5%.
34:46
So is this podcast in the 80 or the 20%?
34:50
But I reckon you could totally apply that to investments, right?
34:55
Like probably 20% of them would do really well,
34:57
and 80% can do kind of average,
34:59
but the 20% carry you through.
35:01
Yeah, definitely.
35:02
If you invested in 100 things,
35:03
20 would probably do really well in 80%.
35:05
And that's actually what investment bankers, sorry,
35:08
and venture capitalists do, right?
35:10
They invest in a whole bunch of companies
35:11
and hope that the top small,
35:13
perfect fraction give them all the rewards.
35:16
One of the podcasts you've done,
35:18
you speak a lot about how confidence is weaponized for women,
35:22
and I would love to understand that concept a little bit more.
35:26
Like how is it problematic?
35:28
And how can we understand it
35:31
and then not fall into that same narrative?
35:35
Yeah, this is something where if someone doesn't put their hand up
35:39
a woman for a job or perhaps is feeling a wee bit shaky,
35:44
automatically that term not only is thrown around,
35:47
but the woman has accepted it as a label.
35:49
So you might get a male leader or an ally that's like,
35:52
she just needs a little bit more confidence than we hear it a lot.
35:55
Like we could just kind of have a chat with her
35:57
because she just needs to have a bit more confidence.
35:59
And we hear it over and over and over again,
36:01
so we kind of accept it.
36:03
And so it's like, oh, I lack confidence.
36:06
I'm just not confident enough.
36:08
And if we're at a kind of parse that term,
36:10
it's actually not really a feeling.
36:12
And if we dig into what it means,
36:14
it's like, oh, well, we feel nervous
36:17
because we're trying something for the very first time.
36:20
Or we feel a little bit scared
36:22
because we are stretching ourselves
36:24
and might be standing and speaking in front of a group for the first time.
36:27
And so there's all these feelings
36:29
that are entirely appropriate to be feeling
36:32
at the time, but to slap a label on ourselves
36:35
like we have some syndrome and it's a weakness
36:38
and we carry it around with us is not helpful.
36:41
And then again, it's weaponized
36:43
because if we portray confidence as a male might
36:46
in the workplace traditionally as a leader who is a man,
36:51
it might be, we might be charismatic.
36:53
We might be assertive
36:55
and we might wreak these kind of perceptions
36:58
of confidence that we've accepted over time.
37:00
And yet a woman, it'll be like,
37:02
oh, she's like really aggressive
37:05
or she's really bossy.
37:06
And so it's kind of a loose, loose,
37:08
this concept of confidence.
37:09
So we just want to ban it out, right?
37:11
I reckon that's so true, the idea, though,
37:13
of, oh, they need to be more confident.
37:15
And as soon as you are, people are like,
37:17
oh, they're a bit good for their boots.
37:19
You know, like, oh, she's a little bit loose.
37:21
Yeah, like, okay, gold, thanks.
37:24
It's such a weird, like,
37:26
thanks for the thanks for the great feedback.
37:28
When confidence became a requirement to do anything,
37:31
anyway, it's almost like we've correlated confidence
37:33
and competence.
37:34
And I'd rather hire for competence
37:37
or have people around me who are really competent.
37:39
But instead we sort of seem to think confidence
37:42
is an indicator of something which it generally isn't.
37:46
Someone can be confident and really incompetent.
37:50
Yeah, like most finance bros, you know?
37:53
Yeah, yeah, yeah, yeah.
37:55
No, I understand.
37:56
Yeah, yeah.
37:57
And it's like, do you?
37:58
Do you know what you're doing?
37:59
It's like, fairer.
38:02
It's subtle jabding in your indexes.
38:04
Yeah.
38:05
What are some key takeaways
38:10
from the optimizing your cycle in the workplace?
38:13
It's another podcast topic.
38:15
Well, I think for all of us, there was a sudden realization
38:18
that our cycle wasn't just our period.
38:21
And I don't know you two are younger and more glamorous than us,
38:24
so you may have thought about this a lot.
38:26
But I've had...
38:27
No, we are not.
38:28
People will be saying that.
38:29
I definitely don't feel like we're so glamorous at all.
38:32
No, we're not.
38:33
I love that we portray that.
38:35
No, we really need to, like, just break the door.
38:37
Just be honest.
38:38
No, I'm not sure.
38:39
There's no brand.
38:40
I would claim it.
38:41
I mean, so I've came to work one day in life.
38:42
Oh, yeah, yeah, yeah.
38:43
That's so glamorous.
38:45
You've been out partying all night.
38:47
It's so glamorous.
38:48
We're in feed by 930.
38:50
Honestly, do you know the problem here
38:52
is that I gave her so much shit when she was dating,
38:54
like, six months ago.
38:55
Now, because she's in a relationship, I'm getting...
38:58
Absolutely.
38:59
I also love that I assumed that you're tuning up
39:02
and you're close as that you're at partying and not staying at someone's house.
39:04
This is hell, am I?
39:05
No.
39:06
Well, I'm glad so I've clarified it.
39:09
Oh, I'm sure that's over here.
39:10
But I agree.
39:11
I think it was only really in the last couple of years
39:13
that I've started to realise,
39:15
oh, I've got more energy at this time of the month.
39:17
Oh, if I'm ovulating, I'm on fire.
39:20
If I am in my period,
39:22
I'd love to just have a day to myself.
39:24
You know, if I'm randomly crying,
39:26
I'm like, sorry, my period's here tomorrow.
39:28
I agree.
39:29
I saw her meme the other day and it was like,
39:31
35 years on, you have a really shit day
39:33
you're feeling super anxious
39:34
and then you realise it's a period tomorrow.
39:36
And you're like, it's so true.
39:38
It's bizarre how disconnected we are
39:40
from the idea of your period being a cycle.
39:42
Yeah.
39:43
And how you are completely different human
39:46
at different times of the month
39:48
because that is how our bodies work.
39:49
And it shouldn't be like,
39:51
what's the word?
39:52
Like, not demonised,
39:53
but it's kind of this like,
39:55
oh, don't talk about periods
39:56
because it's this like,
39:57
you know, you're this horrible,
39:58
grabbed you person.
39:59
It's like, no,
40:00
it's energy levels,
40:01
it's creativity,
40:02
it's just like having self awareness
40:05
is how you change throughout the month.
40:06
Yeah, I agree.
40:07
And I feel like the challenge that we face yet again
40:09
is that the world was designed
40:11
around male hormones,
40:12
especially the workplace,
40:13
which they also have a hormonal cycle.
40:15
It just repeats every 24 hours
40:17
and is pretty stable throughout the month.
40:19
We have that same one.
40:20
It's the circadian rhythm.
40:21
Great.
40:22
But we have overlaid
40:23
with this other monthly cycle.
40:24
So what that means is
40:26
we often expect ourselves
40:27
to perform the same every day.
40:29
And that's what leads to all sorts of trouble.
40:31
Whereas if we actually went
40:33
for two weeks out of every month,
40:35
we are performing at an exceptional rate.
40:38
We are collaborative.
40:39
We are creative.
40:40
We can solve complex problems.
40:42
We are on fire.
40:44
But what that means
40:45
is we also need two weeks
40:46
where we are in restoration mode.
40:48
And so if we actually thought about our hormones like that,
40:51
that we don't have to perform the same every day.
40:53
And our superpower is actually the ability
40:55
to ramp up and ramp down.
40:57
I think we'd have a really totally different...
40:59
would be much kinder to ourselves.
41:01
And we'd probably perform a lot better
41:03
and get a lot more stuff done.
41:05
Because we didn't try to bang our heads against the wall
41:07
when we have our periods
41:08
or when we're in that kind of down week.
41:10
I was scheduling a meeting the other day, Sophie.
41:13
And I was like,
41:14
I'll just check Sophie's calendar and see if she's free.
41:16
Oh my god, you saw what was in my calendar?
41:18
And then her calendar was Vex on her period.
41:21
Oh, good.
41:22
I was like, am I that horrible to work with around my period?
41:25
Yes, it's been Vex on my period.
41:27
That's a good idea.
41:28
I thought I'd just put it in my calendar.
41:29
But I was like, oh, I believe that's changed.
41:30
Did she think I'm on my period thing?
41:32
So it gives me...
41:33
I don't know, yeah.
41:34
I obviously helped me out.
41:35
You're like space.
41:36
I kind of changes it, yeah.
41:37
That's so funny.
41:38
But I also think maybe you could think about the way
41:40
you spend with regards to your period, right?
41:42
So if you're in a cycle, if you're ovulating,
41:45
you probably want to go out and have fun and go out for dinners
41:47
and stuff.
41:48
If you're...
41:49
I don't know, I think if you'll...
41:50
Yeah, or be compassionate.
41:51
If you accidentally do some online shopping.
41:53
Because we're training a bit down.
41:54
It's like, just be a bit more compassionate.
41:56
Be like, oh, you know what?
41:57
I can return it once I've had my period.
42:00
And if you feel it pretty badly,
42:02
one of the things is to...
42:04
There's one of the great injustices of being a woman
42:07
is the week before you feel your worst
42:09
is when you feel your best.
42:10
So you often...
42:11
And this is something I'm guilty of.
42:13
You come up with so many social plans for the next week.
42:15
You are so giving.
42:16
You're so generous.
42:17
And the next week, you don't want to see anyone.
42:19
So just be aware of when you're feeling your best.
42:21
Probably the next week is not the time to book things for.
42:23
Save yourself some money
42:25
because you don't have to go to the event
42:26
you're going to really regret the committee too.
42:28
Genius.
42:29
That just makes me feel like real down about
42:31
when I next film my best.
42:32
Because then I'll be like, oh, I know that this...
42:34
No, no, just means you have to embrace
42:36
and you feel your best.
42:37
Everyone is party!
42:38
Look for the now.
42:39
Come back tomorrow.
42:40
Any way, there's other people they're like, no.
42:42
No, come to the next week.
42:43
Imagine if you're just out of sync the whole time
42:45
with your best friend.
42:46
Yeah.
42:47
One thing I wanted to look back to was
42:50
we talked about investing in Tesla and investing in zero.
42:54
How do you both identify investing opportunities?
42:58
Do you have certain things you look for
43:00
in terms of companies or ETFs
43:02
or anything that gets you excited about investing?
43:06
Yeah. Well, for me, I do a very much
43:08
a set and forget for long term stuff,
43:10
kiwi saver and a fund.
43:12
And that's just like your typical boring spread across
43:15
thousands of companies.
43:16
And that's the bulk of my money.
43:18
And then similar to that,
43:19
I actually will look at companies I love
43:22
and or trends that are really interesting.
43:24
So the things that I've been looking to
43:26
and yes, okay, for me, I will learn
43:29
through the media or the news or whatever.
43:31
And so there's just little cues.
43:34
For example, when COVID was coming on,
43:36
I was like, oh, that's kind of interesting.
43:39
It might be worthwhile to kind of invest in one
43:42
of the pharmaceutical companies, which I did.
43:45
Similar to AI, what are some of the big players
43:48
in that space?
43:49
NVIDIA as an example is something that I looked at.
43:51
And then the chip, same things with kind of chips.
43:54
You get all these news reports of chip shortages and everything.
43:57
And so I view that my stock portfolio
44:00
or individual share portfolio is very much opportunistic.
44:03
I don't put a huge amount of money in it,
44:05
but I'm definitely trying to be really open
44:08
and aware of trends.
44:10
And equally with like women companies
44:12
that are run by women, they outperform
44:14
on a lot of measures.
44:16
And so I feel equally super confident
44:19
in investing in organizations run by women.
44:22
I had some un-message the COVID camp today.
44:25
So I thought on AI, I want to invest in AI.
44:28
Is that something either of you have doubled in,
44:30
or especially, I guess, if you're both quite in that tech space?
44:34
Well, I just happened to have, yeah, I would have had,
44:36
I've got investment in Microsoft,
44:38
who obviously is a massive investor in OpenAI.
44:41
So I feel like that's my play in it.
44:43
But equally in a video is getting into that space
44:46
and so I feel comfortable.
44:47
Like with that, I probably won't go any further than that.
44:50
What about you, Ne?
44:51
Yeah, no.
44:52
For some reason, AI is just not my jam.
44:55
And I'm like, I see it as a great way to automate
44:59
and to take some boring tasks off.
45:01
I just don't find it like I'm interested in a business sense,
45:05
but from an investing sense,
45:07
I'm not interested in it in honesty.
45:10
But I think that's the joy of investing
45:13
based on what you care about,
45:15
is I think I find it so fun to talk to Kristen
45:19
and talk to other friends.
45:21
And we all go down these different rabbit holes
45:23
and we all have different interests.
45:25
And I love learning about what other people invest in.
45:27
I just feel like for me,
45:29
and I love Kristen's approach of Microsoft.
45:31
You've got the benefits of a hugely stable company
45:35
and a little bit of a dabble in AI.
45:37
But yeah, I think trying to figure out for me,
45:40
it just feels like a lot of effort.
45:42
Trying to figure out who to invest in
45:44
in an area that haven't been following very closely.
45:47
It's almost not with your time.
45:49
There's so many other things to invest in.
45:51
There's so many things that excite you.
45:53
And if you find investing exciting,
45:55
you're going to keep doing it.
45:57
So it's like, don't get bogged down with being like,
45:59
oh, but it even runs in my second AI.
46:01
And I should.
46:02
But I don't understand it.
46:03
And I'm going to have to set aside a whole weekend
46:05
to read a book on it or something like it.
46:07
Oh, no, no, just put that aside.
46:09
Yeah.
46:10
And I think the world is huge.
46:12
And I think we can sometimes forget that in New Zealand.
46:14
There's so many opportunities.
46:15
And I think probably for me,
46:17
something far more interesting than AI is,
46:19
you've seen in the last year with Taylor Swift and Beyonce
46:21
and football and rugby,
46:22
that women as an economic force is just so underrealized still.
46:27
And I thought you were about to say
46:29
you can invest in Taylor Swift.
46:30
I really liked it actually.
46:31
I'm sorry.
46:32
What do you think?
46:33
It's a T.A.Y.
46:35
But I just feel like that to me is like anything
46:38
that is making, I mean,
46:40
how long ago was it back to the menstrual cycle of that
46:43
we realized that women deserved our own,
46:46
like, really nice menstrual products.
46:48
And like, we don't invest in women's health.
46:51
We don't, we don't research women in science very much.
46:55
Like, there is so for half the population,
46:57
there is a huge amount of opportunity.
46:59
And that's interesting to me.
47:00
So I'd probably invest in stuff like that more.
47:02
Love that.
47:03
Not bad.
47:04
I'd also be really keen not now,
47:05
because we're about to run out of time.
47:06
But to talk about some of those interesting companies
47:08
that you've found and have, you know,
47:11
researched or think are interesting investment ideas,
47:14
because I'm sure there's lots of people
47:15
that would be really fascinated to,
47:17
you know, not get advice,
47:19
but get some conversations about,
47:21
yeah, like, I think we speak a lot about teaser
47:23
and the video and Microsoft,
47:25
it's fun to like look at a different lens of investing
47:28
and focus on a different element.
47:30
Like, looks like you're like, fuck you.
47:32
You act like you're really interested in those things.
47:34
Which I am.
47:35
But it's more just, I think,
47:36
there are so many people that care about so many different things.
47:39
And if there's someone that's passionate about investing
47:42
in a particular space,
47:43
I think it sounds like you are.
47:44
It would be amazing to get some of those ideas.
47:47
Yeah.
47:48
Ideas.
47:49
Ideas.
47:50
Not advice.
47:51
Not recommendations.
47:52
Not advice.
47:53
Just some ideas that we stumble across.
47:56
Yeah.
47:57
Yeah.
47:58
No, but thank you too so much for coming on the podcast.
48:00
We really, really appreciate your thoughts and wisdom
48:04
and time.
48:05
That was so fun.
48:06
Thank you.
48:07
Thanks for having us.
48:08
Yeah.
48:09
It was really fun.
48:10
Also just side note.
48:11
It was very good at, you know, not talking over each other.
48:13
Normally, if I can get too excited when there's more than one other thing,
48:16
and then it comes to editing.
48:17
And we're like, oh, God.
48:18
It's really hard.
48:19
It's really hard, isn't it?
48:21
Yeah.
48:22
Painful.
48:23
Painful.
48:24
And if anyone wants to find out more about the work that you're doing
48:27
in workplaces and the podcast space, where can they find you?
48:31
PowerSuit.com.
48:32
POWRSUIT.com.
48:33
Check us out.
48:34
We've got all sorts of fantastic things happening, including a new community
48:40
that's launching.
48:41
So come join.
48:42
Cool.
48:43
PowerSuit with no e.
48:44
Yeah.
48:45
Reinventing the power suit by removing the e.
48:47
I love wearing a suit.
48:49
So I feel great in a jumpsuit.
48:50
Yeah.
48:51
I feel like she's taking the best of this.
48:52
No, very fearful of it.
48:54
Someone the other day used that as like a negative thing.
48:56
They're like, God, my hair looks like fearful.
48:58
So I was like, if I don't tell her, look like me.
49:01
You do.
49:02
Let's actually talk to them.
49:03
Thanks.
49:04
I think it was a compliment.
49:05
Yeah, you should.
49:06
Okay.
49:07
Bye, guys.
49:09
Bye.
49:10
Thank you so much for listening to Raising the Curve.
49:12
These conversations are designed to teach you everything that you need to know to be
49:16
better with your money.
49:17
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49:21
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49:23
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49:25
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49:26
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49:27
Leave a review.
49:28
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49:31
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49:32
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49:33
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49:34
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49:35
See you soon.
49:36
Bye.
49:38
Bye.