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Transcript

Do Financial Opposites Attract? · The Curve

0:00
Things came to a head in terms of our spending differences and I'm not going to be a
0:05
kept woman, you're trying to control me, I'm not a business owner, I'm not an allowance
0:09
kind of girl.
0:10
My husband and I both prominent financial advisors in New Zealand and we struggle chatting
0:15
about money where opposites and many respects and I see my role as procurement and it turns
0:22
sees his role as making sure we don't go vast because of my procurement decisions.
0:28
We had an argument.
0:29
Just.
0:30
I just agree with it.
0:31
Sticky, uncomfortable conversations with your partner.
0:35
Whether it be about money or other things, often people don't feel comfortable talking
0:38
about it because it's like written off is like, oh, your relationship is not good, but
0:43
every single couple has to navigate.
0:46
You know, all of the complexities of the fact that we're different people.
0:49
It's like you have to have that breakdown so you can have that breakthrough and find a
0:52
new system because if it's not working, it's not working and that is normal.
0:58
What would be some good starting points to get on the same page to have those big picture
1:04
joint goals?
1:06
One thing that people need to do is...
1:09
This podcast episode is with a husband and wife who actually got in touch with us a
1:18
while ago, I remember I opened the email and like laughed out loud.
1:22
It was so funny.
1:23
And I think we were talking about relationships and money and anyway, these two are financial
1:30
advisors.
1:31
They've got their own company called rival wealth.
1:33
They work one-on-one with clients.
1:35
They've got a team of financial advisors.
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They are so financially literate and capable and yet they still have...
1:45
They call them now disagreements, not arguments, but misalignments when it comes to their
1:50
finances, within their relationship with their big goals, with their everyday spending.
1:56
And it was just one of those conversations where I mean, I was honestly really impressed
2:02
that they felt confident and comfortable speaking to us about their experience being misaligned
2:09
with finances, particularly when this is their career of choice and they run a financial
2:13
advice company.
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So it was like very honest, very raw, super funny.
2:19
They were the coolest couple and I think it's just such a good reminder of how much all
2:26
of us are just on this learning process of figuring out how to be better with our money,
2:32
how to spend it more wisely, how to be aligned, not only with ourselves but then also with
2:37
someone else for a relationship and it was just really good fun.
2:43
Other than that, we hope that you loved the episode and yeah, thank you so much to
2:46
Carissa in term.
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I loved this conversation.
2:49
I feel kind of like we are in a therapy room and I'm doing like couples therapy.
2:58
We were actually just speaking off mic about how this podcast and conversation kind of came
3:02
to be.
3:03
So one of the conversations that we've had on the curve for a long time in different
3:08
capacities is the idea of love and money and relationships, which there is like definitely
3:16
not one size fits all, you know, everyone has their quirks when it comes to the way they
3:20
manage money in terms of the way they like being in relationship, but we were speaking
3:24
about something on the podcast and Carissa reached out via email and I can't actually,
3:31
can you remind me what the email was?
3:34
I'm not going to throw myself under the bus, but you girls were talking about all
3:38
you're asking questions and your stories about tell us your money experiences.
3:42
That's right.
3:43
You said something and my brain just went, oh my god, yes, we need to talk about this.
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And so I think I've seen you girls in email basically introducing myself saying, hey, husband
3:56
and I are both prominent financial advisors in New Zealand, like, and we struggle chatting
4:01
about money where opposites and many respects.
4:07
And then if you ever want to poke caskies, please reach out, I'd love to chat.
4:12
And we were laying in bed one night and checking my emails and you replied, going, oh my
4:17
god, hello, I'm a spongebob with ADHD, so I would love to have you and Tim on the podcast
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and I had to go, hey darling, how do you feel about hearing I do the laundry on the
4:31
couch?
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And he was like, oh, yeah, all right, and I was curious to go, I'm here we are.
4:36
Well, look Tim, thank you for agreeing to come on.
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There we are.
4:40
It's actually quite fun because we don't often have men on the podcast and I think it's
4:44
really nice to have a combination and also I feel excited to speak to you both mainly
4:50
because obviously in your email, you are transparent in the fact that you two deal with money
4:54
differently.
4:55
But on top of that, the fact that you also work in the financial space and you, you know,
5:00
I think there's such a misconception that if you work in finance, you've got it all
5:05
sorted or, you know, people probably from the outside for the two of you are just assume
5:10
it's really easy and super straightforward and you've got it down.
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And I think it's such a refreshing take to be like, do you know what, we're super financially
5:18
literate, but the way we relate with money is different.
5:21
And so it's been like a learning process within our relationship and also even when it comes
5:27
to like great areas or sticky, uncomfortable conversations with your partner, whether it
5:32
be about money or other things, often people don't feel comfortable talking about it because
5:37
it's like written off as like, oh, your relationship is not good or all, you know, like people
5:41
are so worried about judgment, but every single couple has to navigate, you know, all of
5:47
the complexities of the fact that we're different people with different habits, with different
5:51
upbringings.
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And so, yeah, I'm really excited to speak to you both.
5:55
I think what we've learned over time and it's been really interesting.
5:58
So we flew up to Auckland yesterday and had a couple of work meetings and then we went
6:02
out for dinner and had a money date and we had an argument, just a disagreement.
6:07
Yeah, sorry, too strong, disagreement in the last 24 hours, do you know what I mean?
6:13
But I think the difference in over time is we've evolved in that no longer are deal
6:19
breakers.
6:20
They're very much now we learn to meet in the middle.
6:25
And rather than it being a, this is like explosive or deal breaker, it's like, okay, we know
6:31
that this is kind of, will we land a few times, like how can we find a middle ground?
6:35
Yeah, not just a few times, most times.
6:40
Yeah, because term gets extremely frustrated, because in his role he gives a lot of advice.
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I don't take to his advice.
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I totally.
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I get resistance and I see my role as procurement of the family, got you.
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And term sees his role as making sure we don't go vast, really, because of my procurement
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decisions.
7:06
Is that fair to say?
7:07
Yeah.
7:08
Let's start the beginning.
7:09
Let's talk about how, if we could maybe term, can you explain what you're like with
7:13
money?
7:14
How do you approach it?
7:15
If you were to describe you as a person, like your money personality, what would that
7:21
be?
7:22
You have the people who squirrels and they put money away and they save and they save
7:26
and they save and they don't really spend on anything and then they, they're going to
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die, the richest person in the cemetery, there's going to be heaps of money there, whereas
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at the other end of the spectrum, you have the person that wants to live for today and
7:39
what's the point in saving for retirement because I might not make it that far anyway.
7:43
I think I certainly am a lot closer to being a squirrel at the other end, as opposed to
7:49
Karissa who is more the sponsor at expender at the other end of the spectrum.
7:54
I think I'm probably a lot more realistic about spending stuff, so I'm very much let's
8:00
try and get a plan together and get some goals and then save the money towards those
8:05
goals and pay them off.
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Whereas on the other end of the spectrum, Karissa is very much, I'll come up with a wish
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and then that wish will turn into something great because we've now wished for it.
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The universe is going to then come down and provide for us.
8:19
Karissa, would you like to take the mic?
8:22
So he's not wrong.
8:24
But I think where the misalignment sometimes happens is that Tim would be happy living in
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a tent and doesn't really have a materialistic bone in his body.
8:39
He's very much, and that's an odd thing to say about a man who manages money for other
8:45
people, but it's not wealth and what the physical, the materialistic things that
8:50
it creates is not his driver, like his long-term goal.
8:53
When you talk about long-term goals, Tim's talking about 10, 15 years out, his retirement.
9:02
He has a hundred a year plan.
9:04
Right.
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Whereas I'm more focused on Christmas day this year.
9:09
It seems like quite a long-term goal to me.
9:11
And so there have been a lot of fun times in our life because I've made him do things
9:16
that he hasn't wanted to spend money on and I've asked you.
9:19
In the last couple of days, reflecting, did you regret X, Y, Z?
9:23
And he's like, no, not at all.
9:25
But in the future, we need to have a detailed, orientated plan.
9:29
And so we need to have a budget to do things and then we need to go, well, how are we
9:34
going to get there, rather than you just going, oh my god, look at this, wouldn't this
9:38
be awesome to do with the kids?
9:40
I'm big picture and you're detailed, orientated.
9:46
So eight years ago, you had quite a big realization where there was a bit of a pinnacle moment
9:53
where you realized the difference in money personalities.
9:57
What was happening at the time?
9:58
And how did you come to kind of, you know, because you've been together for a long time,
10:02
like 17 years, is that right?
10:04
We're actually being together 23.
10:06
It just took him a while to put a ring on the finger and realize that.
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The good thing is here.
10:12
Well, that sounds like he's a planner.
10:14
Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah.
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It really needed a 10, yeah, like this is going to take a while time, I need to be sure.
10:24
I need to be sure.
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Tell me now.
10:26
Yeah, yeah, yeah.
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And I think that eight years was then, we bought some land in 2008, which was the global
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financial crisis.
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And so there was obviously, you know, pretty stressful time, eight years ago, we built
10:38
the house on that land and things came to a head in terms of, you know, our spending
10:44
differences in terms of our personalities, in terms of Chris are then wanting to go,
10:49
right, I need to, we need to have this and this and this and this and this.
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And then me being as tight as anything to say, well, no, no, we can't have that, you
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know, like we only need, you know, like we've got three kids, but we probably only need
11:00
two bedrooms and one bathroom and stuff like that.
11:03
And that process was exceptionally stressful and not just because of our money personalities,
11:07
things that are going wrong and there's always decisions that need to be made and there's
11:10
always stuff that's happening and so that part, those parts of it were very stressful at
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the same time as then having to then decide on the bits and pieces of what we had to give
11:19
up and what we had to put in to be able to sort of stick with in our budget.
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So we probably were over ambitious with our build and we've added the interior stuff,
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you know, over time, like we had an old couch, we used to sit on deck chairs, you know,
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like that's never, and it's sort of evolved.
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It took us four years to get curtains.
11:41
Yeah.
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Whereas most people you find, if you had turned me in the house and not a carissa and a
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Tim, I would have gone, let's just at the mortgage and do it all and do it once, do it properly
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and then we don't have to think about it, right?
11:55
I would have taken the easy road, whereas Tim texts the hard road.
11:59
So your process was I would rather pay less and the spare more elongated process.
12:05
And the carissa was like, let's just flame the admires and go pretty.
12:09
Yeah.
12:10
And so throughout that process, because I'm imagining this showed up in other ways throughout
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your relationship in the earlier years, what did that look like and why was this particular
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situation sort of the one that you thought we need to rethink the way that we do money
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together?
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How it happens is I go, let's do this and Tim goes, no, and he goes, let's do this and
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then my mindset is a little bit, you miss a hundred percent of the shots you don't
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take, right?
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So I often ask for forgiveness rather than permission and I do it anyway.
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And then so then that would frustrate the hell out of him.
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And I knew better, I knew it wasn't good for our relationship from a communication point
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of view, but I also...
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It felt like the path of least resistance, you were like, I'll just do this instead,
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even though it's not ideal.
12:58
Yeah.
12:59
Or my other strategy used to be, is no longer, although you might disagree, but yesterday
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is I'd have a tantrum.
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How does that look?
13:07
What's a tantrum?
13:08
Terror, I'm terrible.
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So I'm busy making dinner and Tim is choosing that time to show me graphs about the progress
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of money and where it's going and how much we saved and I'm like, I'm so disinterested.
13:23
Yes.
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Do you know what I mean?
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And so he wasn't feeling hurt and then when I said, oh my god, I found these incredible
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light fittings, he wasn't interested.
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We had to find somewhere in the middle.
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He wanted me, you want to meet us at Dan and go, okay, oh my god, we're saving.
13:40
That's great.
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And oh, yes, I can see where we need to be and now I know how much we have to spend.
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And what I wanted from you was, oh my god, that looks amazing, go for it.
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And it wasn't working for either of us.
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So he had to relinquish some control and go, okay, well, if that makes you happy, that's
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fine, do it.
14:01
But if we're doing that, you also need to sit down and look at this so that I feel
14:05
you understand the bigger picture.
14:07
It felt as though the other person wasn't buying it and to the thing that they cared about
14:11
was spending time on was kind of the underlying thing, whether it was how you could make the
14:15
house that you both were going to live in, beautiful and lovely and comfortable or what
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that then meant for the financial plan that Tim had put together that was kind of being
14:24
shoved under the rug.
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Was that kind of the premise?
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Yes.
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Was this the kind of thing though that was happening earlier in the relationship in different
14:31
ways with money, whether it be like planning a holiday and you were like, there's flights
14:36
to Greece for £30, you know, when you were living over in Europe, let's do it.
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And then Tim was kind of like, well, I didn't plan for it, like, was that, did that show
14:43
up in ways earlier?
14:44
Okay, so I'm going to give you a good example and a bad example.
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When we were in Europe, we were really good when we were saving because we knew we wanted
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to do this.
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Big travel when we came home and we both wanted to set up business.
14:57
So we both had a common goal and it was really easy and I used to just give my money to
15:01
Tim and he'd save it and, you know, we'd switch it at graphic and sort it and it was good
15:07
and we were on the same page.
15:10
But then another example was then when we were early on in our career, you know how grab
15:15
us, grab a seat, they used to do this reverse auction.
15:19
Yes.
15:20
So I bought us a holiday to Tahiti, which was our bargain.
15:26
It was exceptionally cheap.
15:27
Yeah.
15:28
But the problem was when we got there, we didn't have money.
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Well, I had the models that.
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It was like £1200 for the two of us to Tahiti, which was incredible at this five-star resort
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and we got, we were like, this is amazing.
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And then we got to this, we went for dinner the first night, we got there, we went to
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the main bar to have dinner at the main restaurant and it was the 180, you know,
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$20 per person for a main meal.
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And so we were like, well, we don't, I had a tension because I was like, we don't have
15:55
any money to pay for any of this stuff.
15:58
And so we went down the road and we went to this Chinese restaurant.
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We had chicken chow mein and lemon chicken, it was what we had every night.
16:05
But I think that that was one of those things where we had that piece where for us in terms
16:08
of that money personality thing in terms of that struggle of Chris and we did something
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which she thought was going to be great, but then hadn't really thought too much about
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it.
16:17
So planning round it in terms of how much did we need, that was, you know, a great example
16:21
of our spending beyond our means, so we didn't, once we got there, we didn't actually
16:24
have enough funds to actually do the things that we wanted.
16:26
I think that's such a good example and actually weirdly, I think it's holidays that get
16:30
you because you don't think about the spending when you get there which always blows out
16:34
or the accommodation, like it's to travel well and not totally effort, your financial
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plan.
16:42
I think it's so difficult.
16:43
I get that one of the things that you have mentioned, like off my, from our research,
16:48
is the idea that aligning on bigger financial goals, like what you were saying when it comes
16:52
to saving for a big holiday or a big trip home is almost easier because you're both on
16:57
the same page, but then when it comes to smaller financial decisions, whether it's groceries
17:03
or other things that it can, there can be disagreements, why do you think that isn't
17:08
how have you managed to work towards smaller money decisions, not becoming an issue?
17:13
Well you were right on this one, so you go first.
17:19
Well yeah, so probably about that same time.
17:22
I suggested Zika Rissa that she needed to have some money of her own because I felt like
17:26
I was putting money all the time into it at joint bank account in those days and joint
17:30
discretionary spending, joint expenses, everything was in the same pot and I always felt that
17:36
I was always topping that up the whole time because it was always stuff was just leaving.
17:40
And on the flip side, if Chris wanted to go and buy me a birthday present or something
17:47
that was outside of the box, she had to go and then try and smuggle money out of that
17:51
account to go to friends and stuff.
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And so I suggested that we needed to split our accounts out and have these discretionary
17:59
accounts where we had our own money sitting in those accounts and have an expenses account,
18:03
which is what we do now and what we did.
18:05
But my God, the tension that happened was I'm not going to be a kept woman, you're trying
18:11
to control me, I'm not a business owner, I'm not an allowance kind of girl, it's my business
18:15
too, I can do what I want.
18:18
And all valid, can I just say, I actually do think it's valid because, sorry, I didn't
18:22
mean to interrupt you Tim, but I think I do think money in relationships is very hard
18:27
to get right where there is equal amount of autonomy and decision making and empowerment
18:33
with the way you're doing money because yeah, like an obviously change is depending on
18:37
your stage of life, like if you're not working, you know, we had a message you've been
18:42
yesterday from someone who came to one of our events and they said, my mum still has
18:46
to ask her husband, IE, my dad, or cash every time she wants to spend money, it transcends
18:53
like everything and it's something that every couple of struggles were.
18:56
And I think that ultimately is that, for us then to say, we're going to separate out our
19:01
spending in terms of our overall expenses and our discretionary funds and stuff, it actually
19:06
then at that stage gave cursor a whole lot more autonomy because she now has that money
19:12
going to her every week to spend on the kids and all the other stuff that happens and the
19:17
school shoes and all that sort of stuff which was beforehand was always coming from the
19:20
one pot, but then also then it gets to have her fund stuff as well in terms of anything
19:24
else that she wants to do, so I think um, but you hit the nail on the hammer, so it is
19:30
on the head, head on the hammer, head on the head. I think that you hit the nail on the head,
19:35
you hit the nail and now I'm not infusing, I'm going to be too emotional.
19:38
Oh, I did, I did, I did, I did, I did, I did, I did, I did, I did, I did, I did, so much going on.
19:43
You like Tim couldn't change my spending habits, right? He, the more he said,
19:50
why the hell do you need another dress or what, like whatever, he couldn't change it, I needed
19:55
to get to a point where I had inspiration for myself, if that makes sense, I needed to go,
20:00
what is this? And yes, family units, the income is going in to fund the joint life.
20:07
And I really didn't like being told that I was going to have be paid in the amount of money,
20:12
but then I sat on it and I walked away, I had my tantrum and I came back and I said,
20:16
well, let's give it a go. And I have to say it's a best thing we ever did for our relationship,
20:20
because what it's done is it's given me an amount where if something's coming up,
20:26
I can squirrel away and I have my own savings accounts, the things that are important to me,
20:32
that he doesn't care about, like yoga retreats, as many times as I've had to come with me.
20:39
Hey, you're a good Tim, you should really reconsider it.
20:41
I think he would benefit. I think he would benefit.
20:45
The squirrel would relax. The squirrel was really relaxed.
20:49
The squirrel was actually quite flexible.
20:51
Really? Yeah, a hand touch just on.
20:53
He's very well, that's amazing.
20:55
More flexible to me.
20:56
Still almost get the splits down these days, really.
20:59
Oh, were you an ex gymnast?
21:00
Were you the ex gymnast?
21:04
But it's given me control and I think it's a fundamental of human nature
21:10
to want to be able to control your own decisions.
21:12
And even if it's just a small bit, so when couples or people are starting out in business
21:18
and there's no extra, even if you had $10 a week,
21:23
that you could spend with no questions asked.
21:27
And then the common goal is to work together to increase that over time.
21:32
Do you know what I mean? I think it's empowering to have control over something.
21:36
So how did you come to a place where it didn't feel like Tim is giving you an allowance,
21:43
but actually you've collectively decided that this is equally your allowances?
21:48
How did you get to a place where it felt empowering in like a joint decision,
21:52
rather than I'm being told that this is my?
21:55
I was going to say the moment it felt like a good idea was the week after I first got money into
22:03
my account. And I was like, oh, I could spend this.
22:09
Yeah. And you had a ton of me to do what you wanted with it.
22:12
I think it was the moment it happened.
22:14
Yeah.
22:14
But then also realizing outside of that is that everything we do together,
22:21
we are aligned on.
22:23
Like our business, how we roll in business, how we think about people and the community,
22:28
how what we want for our kids, and we know exactly what we're doing in a year.
22:33
We know exactly what we want in five years.
22:35
We know exactly how we want our retirement.
22:37
Do you know what I mean? We're very aligned because we have those tough conversations often.
22:43
Were you called out yesterday and said you always want it your way or you're not listening?
22:48
You know, like you've got to have those breakdowns to actually, that sounds cheesy.
22:53
But so you have to have that breakdown so you can have that breakthrough and find a new system.
22:58
Because if it's not working, that's not working, and that is normal.
23:02
But I feel like you can evolve over time as well.
23:05
And I think, and I've seen it with you speaking with Vic, is that the more you learn,
23:11
you're like, oh, I could do that or I could change that.
23:13
Like you can't go to the German, lose ten kilos every overnight, right?
23:17
But it's those small little consistent habits or those things that you do often,
23:23
that help and I think I've evolved a lot, but what we do well together is we plan together.
23:31
It's the high level and then it's figuring out the systems that then make that work
23:35
rather than having the big plan and then finding that the stumbling blocks are because the
23:40
process isn't working for one of you or both of you.
23:43
I think it's knowing that in difficult times, people kind of feel like it's impossible to get
23:50
back onto the same page financially, and the one thing that people need to do is focus back in
23:58
on what is important to both of you.
24:01
Like so Tim's goal of high-debt repayment, we're doing that, like,
24:08
doesn't really excite me, you know, and but it's so exciting by paying down there.
24:13
I know, he really loves it, he likes it, he likes it, yeah, he loves it.
24:18
But I think it's the things that we innately agree on is our family unit and our kids
24:29
and what experiences we want to give them and values we want them to know before they actually
24:36
leave and don't really want to hang out with us anymore, right?
24:38
So for me, that's a very small window, so I'm like, yeah, let's do that, but can we focus on
24:43
this first and then ramp it up again?
24:45
Like, can we just pull back here so that we can do this?
24:48
And do you, sorry, when you say pull back here, do you mean can we just loosen the reins a little
24:52
bit on the debt repayments so that we can give our kids that thing we talked about,
24:55
and then we can get back to that as well.
24:57
And see, we both really want that, so that's the part where I'm motivated to have
25:04
better spending habits and, you know, I'm meal plan, I do lots of things, I've managed my
25:09
ADHD with that knowing I've done it for years.
25:12
So I'm happy to do all of those things and squirrel away if I know what if the carrot is there.
25:19
Do you know what I mean?
25:20
That makes so much sense to me because I'm very similar, I think, if I have a goal or I know
25:24
what the deadline is or I'm aware of the timeline, I can make it happen, you know, because I'm
25:29
motivated by it and I'm on board, but when I don't have that, I find it really hard to understand
25:36
like the reason why I am doing something, all those small decisions that make up to
25:41
the big overarching.
25:42
So I totally get that.
25:43
What would be some good starting points to get on the same page to have those big picture
25:50
joint goals?
25:52
I want to see what you say.
25:54
Oh well, I think strategically let's then sit down and talk about our goals and stuff and
25:59
those goals might not be, you know, 10 years out or thinking about retirement and stuff,
26:03
you know, we're very good at dreaming in terms of the things that we do, you know, like
26:07
we're places that we might live in the future or places we might travel to, so I think
26:12
wouldn't it be great to go and spend three months living in Greece or whatever it might be,
26:16
you know, this is...
26:16
I can't.
26:19
So that's all that stuff.
26:20
That's all that stuff that we dream about and the dreaming part and then the goal piece,
26:25
then bringing it back to that money bit as well, I think is a really important starting point
26:30
because you can have all the dreams in the world, but if you don't have the money to do it,
26:33
then that's sort of like where, you know, Chris is the dream on.
26:36
She comes up with the big ideas and then I'm the one that puts the building blocks into say,
26:40
right, yeah, I'm allowing us to have $500 to do that or $5,000 to do that or whatever it might be.
26:46
I think it's really important for couples to go, hey, we have a problem.
26:50
So hey, so we're not aligned here.
26:53
Are you keen to get on the same page and get financially organized?
26:57
Okay, well, there's going to be some tough times.
27:00
Do we agree that if you don't like something, can I say you can say XYZ
27:04
and we'll change the topic or we can pull the plug, have 15 minutes and come back to it?
27:08
Like you've just got to make a plan of getting that conversation started
27:12
and then with anything, you've got to look at reflection of what you've been doing.
27:18
So we tell clients and I know you guys have talked about cash management and budgeting
27:23
and all the various ways you can call it, but we always say to people,
27:28
you can do it into an Excel spreadsheet or just write it down at a higher level,
27:32
don't be so detailed or untated if you're someone like me.
27:35
But go, have we been spending over the last three months?
27:39
So you get a bit of an average and go, well, if we're spending like you love
27:43
Camembert cheese and Peno Grey, but you buy the $60 Peno Grey and so we have this food budget
27:49
for the house of $300, but maybe you're spending $650 a week and we can tell.
27:56
So maybe just going to 300 isn't realistic, but how are we going to get there?
28:00
So let's try and work together to figure out how we can get it to 500 and then down to 400 and
28:07
with all of those things, you need to have a little bit of a treat there.
28:09
You need to have the carrot.
28:10
Most people work with a carrot or a stick, so you need to reflect.
28:14
You can't just go, okay, from now on, and we're drawing a line in the sand,
28:17
and this is what we're doing.
28:18
If you don't actually own your mistakes.
28:23
So would, okay, reflecting this back, be step one would be getting on the same page
28:28
with the financial date.
28:29
So going for dinner, setting time aside, thinking, okay, we're going to try and it doesn't
28:34
need to be romantic, but we're actually putting time aside for each other to talk about it,
28:38
to make sure that our big picture, things that we want, because at the end of the day,
28:43
money gives us freedom to do the things that we want.
28:46
That's the starting point, and like step one, step two would be, okay, if that's what we both
28:53
agree we want, what are we currently doing, and what is going to be stopping us in the future
28:58
from reaching those goals, and therefore it needs to change in order to get to that common goal.
29:04
Is that kind of what you're saying?
29:05
A hundred percent.
29:06
And then even to take that one step further, looking at your banking system,
29:11
so we have a lot of accounts, so like for us travels, important rights, so every time we draw money,
29:17
a portion goes into that.
29:19
So when we go to do something, we're not creating it from nothing, where we're going, okay,
29:24
so this is how much we're going to spend each year on this, and it's there.
29:27
So we never go backwards to get what we want, we work for it.
29:32
And I think it's a really important lesson with kids as well, because they have less delayed
29:37
gratification than we ever had, right? And for them, so our kids have got square money,
29:42
they pay for things on their phones, and if they have cash, they give us their cash,
29:48
and so just put it on my cat.
29:49
So they're tapping things, they've got no idea of the value of things, right?
29:54
So it's about that delayed gratification, just because if you can't afford to do one of those
30:00
discretionary things outright, or you haven't saved towards it, like we're kind of off the mindset
30:05
now that it doesn't happen.
30:07
What have you found, like, with the way that you've spoken to them, what has landed
30:11
when teaching your kids better habits with money?
30:13
They've got their own money.
30:14
They've got their own money, right?
30:16
And so we both firmly believe that kids should buy their own technology and their own first car.
30:21
So when Monty first got IPAD, he created a business, Monty's Delights, and he saw Ginger Crunch.
30:28
We paid for the, we charged him for the ingredients, and he
30:32
enterprise over four weekends and had $600 to buy his own IPAD.
30:36
It's so cool.
30:37
He never dropped it.
30:38
Never broke it.
30:40
You know, our kids buy their own phones through saving washing cars, doing lawns,
30:47
busking.
30:47
And they bought them secondhand on...
30:49
Trade me, yeah, they don't buy new.
30:51
So we have really cheap.
30:52
We pay our kids $5 a week, and for that they...
30:55
Are they saving for an IPAD?
30:57
No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, wait,
31:00
I will get there because, yeah, you're going to be saving a long, working a long time.
31:04
But for that $5 they are expected to make their bed, they have turns
31:09
at doing the dishwasher.
31:10
They have the basic jobs, right?
31:11
They're recycling.
31:12
Recycling.
31:13
But the brilliant thing would square well, which is a New Zealand-based company.
31:17
It's an app-based, so they get their own F-Post card.
31:20
But on one side, you can put in jobs to earn money.
31:23
So they could do extra things, and then they...
31:28
They charge us.
31:28
And then they invoice us, basically.
31:30
And we go, yeah, you've done that, okay, you pay that.
31:32
Or they do jobs for other people, or grandparents give them money for having good reports,
31:38
or whatever it may be, but they're spending their own money.
31:40
So they're motivated to do something for money.
31:43
They're not giving it, as in, like, your allowance is this for nothing.
31:46
Or they're learning the idea of...
31:48
Yeah, so that's their discretionary spending.
31:50
Now, we've got one son in year 10, and our daughter's just started year 9,
31:55
and the deal is that when they get to college,
32:00
they are responsible for their own clothing and shoes.
32:02
So they get an allowance for a term,
32:06
and they manage it.
32:08
Now, our son last year, I didn't buy him a new hoodie at school,
32:11
because I was like, oh, I don't know if he's going to play sport.
32:14
And then he bought one himself, right?
32:17
And he manages it.
32:18
We know that we're going to give our daughter has her allowance,
32:21
and she has spent it all, right?
32:23
But also, she needs to learn that lesson under our roof.
32:28
So we've got five years to drill into her
32:30
that when it's gone, it's gone, and this is what they needed to do.
32:34
You know, we're teaching them fundamentally managing their own money.
32:39
My favourite was, as a dad, when we were younger,
32:41
was whenever we got ice creams and stuff,
32:43
or when we got milkshakes, or whatever it might be,
32:46
I always had the parent tax where they'd get...
32:49
I wouldn't get anything, and they'd get it,
32:50
and then I'd take like a third of whatever they had.
32:52
They might get angry at me, but the incursive would always explain to them
32:55
that that was what was going to happen in life, was that?
32:56
Anything good in life, you've got to pay on it.
32:58
There's going to be paying some taxes on it.
33:00
Oh, that's genius.
33:01
So it's the idea that they are already getting used to the idea
33:05
that you might get paid ex amount,
33:07
but it doesn't mean you get to keep it all.
33:08
Yes.
33:09
So you get like the two scoops of ice cream,
33:12
but you know, a quarter of a half of scoops going to disappear,
33:16
because dad's taken that because I paid for it in the first place.
33:19
I knew that ice cream.
33:21
Yeah, I did like ice cream a lot, so yeah.
33:22
Yeah, it's very good.
33:23
You're really weaving in, like, what works for you as parents?
33:26
Mm-hmm.
33:26
And probably even in more recent times,
33:28
we've gone to...
33:29
We've gone when we...
33:31
We took some of their savings that they had,
33:32
and we put $200 each into which was their money.
33:35
And so I'm like an investment app,
33:38
and so we asked them to spend $50 each on four different stocks,
33:41
and they've gone through, and now they're...
33:43
We've got a little competition going where...
33:45
However, the winner is each,
33:46
in terms of returns each month,
33:48
gets an extra $10 bonus.
33:50
So...
33:51
This is obviously not a normal...
33:54
But it's getting old enough now that...
33:57
You know, Monty is...
33:58
Oh, this one is now thinking about PE ratios and stuff like that,
34:01
and Oscar, who's the youngest one,
34:03
is he's quite sensitive to the fact like him.
34:05
One other one, he wanted to go into the video recently,
34:08
and it went down like 20%.
34:10
And so he was basically having a massive tension,
34:12
because his $50 had gone down to 40,
34:14
and so he was like really emotional about it.
34:16
And so I think, again, it's getting them...
34:19
It's not just the piece around teaching them about investing,
34:21
it's also that piece around the emotions of losing money,
34:25
and the emotions of gaining money,
34:26
and that might not just be in shares,
34:28
that could be dropping $20 in the street,
34:30
or whatever it might be as well.
34:31
You know, it's how do you get better at that?
34:33
So...
34:34
When it comes to teaching them about money,
34:36
you're essentially trying to reflect back the world around them,
34:41
from a tax perspective, from an investing return,
34:45
the risk of a perspective.
34:47
Have you ever tried a tactic to teach them financial literacy,
34:50
and it didn't work?
34:51
And you're like, oh, I understand why that didn't,
34:54
because a lot of people listening I imagine would have young kids,
34:57
and might try something that doesn't work,
34:59
and then they're kind of like, okay,
35:00
well, that didn't work, I was going to give up.
35:02
Like, I know for my parents,
35:04
they tried things, and it didn't work.
35:07
But then not having the awareness,
35:08
or the, okay, we need to change tact.
35:11
That didn't sink in, so let's try something else.
35:14
Like, when we went away, we saved to go away.
35:17
Ollie spent all of her money.
35:19
The first day.
35:20
First two days.
35:21
I said Sephora.
35:22
Do you know what I mean?
35:23
And then she had to look...
35:24
And then she had to look like she's really taken up to her mother.
35:28
That was great.
35:29
So then she said,
35:30
what do I do, Dad?
35:31
I haven't got any money for the next three months.
35:33
We were away for three months,
35:34
and she's got, I've got no money for three months,
35:35
so I lent her $100.
35:37
She had to pay me back the month after we got back.
35:40
She had, then the opportunity to do jobs and stuff,
35:43
I charged her interest on the $100,
35:46
so she had to pay me back $105.
35:48
So clever.
35:49
And if it went past the 20th of September,
35:51
then there was penalty interest.
35:53
And so, and I wrote it all out,
35:55
I got it assigned as a contract.
35:56
And you know what she tried to do?
35:58
As soon as we got to the next country,
36:00
she tried to steal the contract from my bag.
36:03
Because then she thought, if the contract's gone,
36:04
I won't know what was happening.
36:06
We call it the barrister.
36:08
She's sneaky, she's clear, she's creative.
36:11
But I think her parents, if it doesn't work
36:14
just like you're having a relationship conversation,
36:16
if it's not working, you need to try another way.
36:18
Like, you can't just leave it and do nothing,
36:22
like I don't believe that's the best answer.
36:24
It's about that enabling, right?
36:27
By just giving them money,
36:29
you're not enabling them or empowering them
36:32
to do it for themselves.
36:33
If you were to describe the process from top to bottom
36:37
with how you teach your kids about money,
36:39
from like, they get this, they do this, we do it.
36:42
Can you just do, because I think that
36:44
as a standalone, almost like recipe that has worked for you,
36:50
like just the process top to bottom.
36:51
So I think we automate the pocket money
36:55
because if you give cash,
36:57
if you run out of cash, you don't have it
36:59
and so you forget to do it.
37:00
So it's about automating it so that it happens.
37:03
And remind me with the amount that they get again.
37:06
So, and this varies for different people.
37:09
But for us, we give them a base rate of $5.
37:12
And then they can have more, they have potential.
37:15
So they earn different amounts,
37:18
depends on who's getting in the firewood,
37:20
who's washing the car, who's mowing the paddocks, you know.
37:24
Just so we don't sound too stingy as well,
37:26
like if Olive cleans the cash,
37:28
she gets like $40 or $50.
37:30
Because if we take that to a groomer to do the car for us,
37:33
it's going to cost us like $150.
37:34
So she hasn't figured out yet that
37:36
we're actually getting $100 discount.
37:37
Well, well, well, hopefully she doesn't listen to her.
37:39
Yeah.
37:41
She'll be getting some upgrades.
37:43
And she will, she would expect it too,
37:45
which is good, right?
37:46
We want strong women in the future.
37:49
We want women who know their worth.
37:52
We want people empowered to make better decisions.
37:56
The more you earn or the more success you have in life,
38:02
also you have the ability to help others, right?
38:04
The more you do for the community,
38:05
the more you're in a position to lift those around you.
38:09
And so we demonstrate that to our kids as well.
38:11
But you're looking for a formula.
38:12
So I would say from an early age,
38:16
we've had a job roster.
38:19
So our kids used to fight about going in the front of the car.
38:23
If you're on the dishwasher,
38:25
it's all down the front.
38:26
So we have simple systems that work.
38:29
And they all do two days each and then Sunday.
38:31
If I ask you, you just do it.
38:32
And that's the rules.
38:33
And if you're not doing dishwasher,
38:35
you're doing the pool cover or you're doing the recycling.
38:36
Like if everyone has a job and it just rotates,
38:39
just like a kid's camp,
38:40
where you're doing the dishes one morning, you're clearing out.
38:43
And their baseline that they get for that is their $5.
38:46
That's the cost of the board.
38:47
You get your money for doing the thing that you're on.
38:49
And that is slave labor, right?
38:50
But they are also part of the family.
38:52
Oh, I don't think it's like, I think it's genius.
38:54
Yeah.
38:55
And then they can earn money.
38:57
So like,
38:58
Oliver's good one is she does a lot of baking
39:01
because I would otherwise buy stuff to go into lunch boxes
39:05
and morning tea and stuff.
39:06
So I'm paying a supermarket.
39:08
Why not pay here?
39:09
You know, it's the car valet.
39:10
It's those things as well.
39:12
So they get to lean into making more money
39:15
on things that suit them that they want to do.
39:17
And it means that they can earn more if they're not lazy.
39:20
It's essentially the premise.
39:21
And then that's their kind of extra money.
39:23
So yeah, so we do that.
39:26
Yeah, we firmly believe that they buy their own technology
39:29
in their own first car.
39:30
That's just, but every household's different.
39:33
We are open about how much things are worth the value of things.
39:38
We have conversations in our household
39:40
that it's not for public knowledge.
39:42
But so you understand how this machine works.
39:44
You know, this is what the house is worth.
39:46
This is how much we spend every week.
39:48
There were times where it used to do
39:51
countdown online shops.
39:52
And I go, right, he's about to, he's a shopping list.
39:54
Go for it.
39:55
You know, like just the day-to-day things
39:58
that they can be involved with.
40:00
We, the Cancer Society,
40:02
is an organisation really close to our heart.
40:04
We lost our first employee to a varying cancer.
40:07
And so we've held big fundraising events locally
40:11
and once raised 40,000 and once raised 50,000.
40:15
But our kids were involved.
40:17
They were there picking up the auctioning.
40:19
They were the Cancer Society
40:22
definitely not proudly on their blazer.
40:24
Because they know how much money they've raised for it
40:26
and they care about it.
40:27
And that's important when you have a position
40:30
to help you should help.
40:32
So good.
40:33
Chris, you have said that confidence is one of the biggest barriers
40:36
that you think, you know, the reason that women
40:40
aren't really able to step into their power
40:42
when it comes to money.
40:44
Why do you personally think that that is?
40:46
And how can women build financial confidence?
40:51
Because there is a constant self-doubt
40:53
and a real lack of confidence.
40:55
Because for a long time, we've been shown that
40:58
men are good with money, women are not.
41:00
Yeah, well, it's about nurturing nature, right?
41:02
And I think it's what we've evidenced
41:05
that traditional, those traditional roles as well
41:08
that we've kind of witnessed and been brought up with
41:10
and hashed don't talk about money,
41:12
which is why I love what you guys are doing
41:14
because you're actually talking about salaries.
41:16
And you're doing all of those things.
41:18
I think confidence comes with consistent small actions.
41:25
Confidence comes when you make a little tiny change
41:31
and then it has effect.
41:33
So you start a travel account or a shoe account.
41:36
I know that sounds really small in.
41:38
But if you consistently do that and it builds
41:42
and then you spend it and you go, gosh, I can do something small
41:47
then you build confidence over time, right?
41:49
Now, one goes from zero to hero.
41:51
So if you are feeling really unconfident,
41:54
do one small thing well consistently for a period of six weeks
41:58
and then focus on something else.
42:00
I mean, you, where we're having this conversation,
42:02
Tim deals with a lot of divorced,
42:04
widowed older women with money,
42:07
who maybe it was heavy, who had locked after it, right?
42:12
And I'm not putting words in your mouth,
42:14
but is it fair to say that they come and worried
42:18
and they turn around really quickly.
42:20
If a woman has education and understanding of...
42:24
It's because it's not hard.
42:25
It's not hard.
42:26
It's not hard. It's just that you don't know it.
42:27
And I think that's such a great point
42:29
because with anything,
42:31
when you've never done it or you have no practice
42:33
or you've spent no time in the room,
42:35
like not literally,
42:37
you're not going to be very good at it.
42:39
But actually, everyone started somewhere
42:42
and I think it's realising that it's a learnt skill.
42:44
It's not a natural ability.
42:46
It's if you're given the tools that you understand why
42:48
and you have small wins.
42:51
This is an awful thing to say,
42:52
but someone said it to me the other day.
42:53
They were like,
42:53
I've got a lot of mates.
42:55
This was a guy.
42:55
I've got a lot of mates that work in finance
42:57
and they are not the brightest bobs in the...
43:00
You know, and it's true.
43:01
It's not about intelligence.
43:03
It's just that we haven't had a lot of these conversations
43:06
or we haven't been taught the basics.
43:07
Therefore, if you don't know it, you can't implement.
43:12
I really resonate with what you say about small wins
43:15
and getting confidence.
43:16
Because for me,
43:17
ever since I've started splitting my pay
43:20
and seeing things go into the different areas
43:23
and just the experience of every month
43:25
seeing my travel amount go up
43:28
or whatever my little buckets are,
43:30
I can see it.
43:32
I feel more confident every month
43:34
and it's like just the small wins on the board
43:37
that makes such a difference.
43:38
And then also then when you do things like you travel,
43:41
you're not sitting there with regrets, are you?
43:44
You focus on the fun side of it
43:46
and that builds confidence
43:48
because you're not associating any negative,
43:51
you're not reinforcing any negative beliefs, financial beliefs
43:56
if you had done the opposite.
43:58
And I guess speaking to your own experience of,
44:00
you know, once being a massive spender
44:02
where that was a bit of friction
44:03
to now having maybe changed the way that you think about
44:08
instant gratification,
44:10
buying presents for other people,
44:11
whatever that is,
44:12
was that something that you slowly got better at, too?
44:15
Yeah, 100 percent.
44:16
And I think it was,
44:18
and that's an education
44:19
and evolving over time as well.
44:21
And knowing that,
44:24
I don't want your ego to get to back here,
44:27
but knowing that time is my person.
44:29
And if I continued what I was doing,
44:32
it was detrimental.
44:34
Do you know what I mean?
44:35
That was, I needed to have that self-realisation
44:38
to make change as well.
44:40
And look, I look after a lot of really successful people
44:46
up and down the country.
44:47
I love what I do.
44:48
I can see things and be solution-oriented for people.
44:53
But the common denominator is
44:55
from someone taking a plan and implementing it.
44:58
So it's knowing you're doing that,
45:00
but not being brave enough to change.
45:03
Like you have to, it's self-realisation.
45:06
So if you're sitting there and going,
45:07
I'm not comfortable with money.
45:09
I hate money.
45:10
I don't have enough money.
45:11
Oh God, how am I going to get through?
45:14
You need to go right.
45:15
Today is the day that I'm going to do something small to change it.
45:18
And I promise that turn around is actually not long.
45:24
Hi there.
45:25
It's Sophie, the person that's in the podcast currently interrupting herself.
45:30
So Corissa and Tim, who you are listening to right now in the podcast,
45:34
amazing, we love them.
45:35
They're so great.
45:36
They are financial advisors here in Aotearoa in New Zealand.
45:40
And so essentially what they do for work is they give personalised financial advice.
45:45
Just like us, the curve, which I really, really love,
45:48
they have an education first approach.
45:50
In fact, Corissa told me off mic she just sends all of her clients to listen to the curve,
45:55
which I love.
45:57
So we have arranged a really amazing opportunity for anyone who's a part of the Investing Club
46:03
to get a free one-on-one with Corissa at no charge.
46:07
So to normally meet with a financial advisor, honestly, it's really expensive.
46:11
And advice isn't necessarily for everyone.
46:13
A lot of people contact us say,
46:15
Hi, do you have any advisors that we can speak to?
46:18
And then they don't realise actually that advice isn't for them.
46:20
So if you're in a position where you would really like some help to reach your financial goals,
46:26
maybe you're juggling mortgage and you've got kids and you've maybe got a partner
46:30
and you need to get on the same page financially, there's so many reasons why
46:34
speaking to Corissa and the rest of the team at rival wealth could be a really great opportunity.
46:39
So if you would like to get a free one-on-one 30-minute session with Corissa,
46:45
that's being put in our Investing Club.
46:47
So you can find the details for our Investing Club in the podcast show notes.
46:51
We've got a seven-day trial.
46:52
You can jump on in, have a look at the steel with rival wealth and potentially
46:56
a range of time to speak to Corissa, if that's something that you would like to do.
47:01
But yeah, that's enough for me, back to the podcast.
47:07
When it comes to people who feel like they're on a different financial page,
47:12
or they're really different spending habits,
47:15
what would you say would be a good place to start to create either compassion or understanding for
47:22
the stumbling blocks until they get better or because I imagine, again, it's not a,
47:28
it was an instant for you to go from, you know,
47:30
you're going to go and spend on all these things and it's creating friction.
47:34
I would say, oh, let's catch up and have a money date and I'd be like, oh god, I'm in trouble.
47:40
So I think it's about creating a comfortable environment as well,
47:44
having a class of wine, often helped us or having a cold drink
47:49
in a separate area so that we could just really focus on that rather than me going,
47:53
oh, ping, this needs to be done, I need to, I can get away from it.
47:57
You actually just have to make space.
47:59
I like the dreaming part.
48:00
The dreaming part is good too, isn't it?
48:02
Because my focus of a money date is always around,
48:07
history, or the yes, and the numbers and the pie charts and the other wonderful other charts
48:12
that I can come up with, lines, bars, you know, sort of, there's a lot of,
48:16
a lot of differences.
48:17
I do know what I think's happening here.
48:19
I can just from a relationship standpoint, Vick and I, as business partners,
48:23
it's so interesting how like opposites do attract and you do need each other and they think
48:29
it's being able to respect and appreciate the things that you bring that a good and bad,
48:34
which is really hard sometimes when you're good at something and the other person's bad in your eyes.
48:39
So now we're talking about different items on the agenda for our money date, you know, like,
48:43
I want to have all the, all the analytical staff, whereas Chris, I want to have all the,
48:48
you know, the goals and the dreaming parts.
48:49
So I think it's making sure that you're not just beating someone else's drum as well,
48:54
that, you know, you're going along to your money date and this is, and this is all my stuff
48:58
that I want to talk about and that's where I think then,
49:00
Chris, I came on board a lot more, was then we got to start talking about the bigger picture and
49:04
the things that she loved and the things that she wanted to talk about became a bit more
49:08
final exciting. And being honest as well, like owning where you're not good at, like, I'm a,
49:15
hi, my name's Karissa, I'm a practicing financial advisor and I, too, make bad spending decisions
49:21
at times. Like, extra game, that's what I do. I frustrate my husband when I, you know,
49:28
and owning it and going, yeah, but okay, but that's, that's true, but that can change.
49:34
But then also, do you think for you as well, Tim, it's like, hi, I'm Tim, I'm also a fun,
49:38
like, what would you expect? I'm a financial advisor. I'm really tight and I don't like spending
49:42
anything on anything. So, so yeah, I think that's some, most definitely, like, as I say, I've learned
49:48
to, to, to, to, yeah, move more towards Chris's way of thinking because I know that, that
49:55
stuff makes her happy and so then same again, it's like, if you want to be in a relationship with
49:59
somebody, then you've got to have that compromise along the way and think that, yeah, that was part
50:05
of the training, you know, in terms of the, yeah, this, training. Wow. I would love to finish with
50:12
one final question. Looking back, if we're being positive about how far you've come as a couple
50:18
when it comes to money, do you have something that you're really proud of, like, a big financial
50:23
decision or something that you did together? Like, what would be something where you say, I'm really
50:27
proud of us for the, this thing that we did? I'm really proud of us for still being married,
50:35
happily married and creating a business. I'm really proud. We get asked all the time, oh my god,
50:44
how do you two work together? Like, we get that all the time and I'm really proud that it works.
50:50
Like, I really love our team. I think we've got good people. We genuinely help people and we
50:58
have fun along the way. Yes, there's the odd disagreement or adjustments need to be made.
51:08
But yeah, I think that's, I'm proud of our kids and all that, kind of a lucky, but the
51:12
financial thing that we've done together, which has given us our life and the ability to help
51:17
others with their lives as our business. Yeah, I was going to say that too. We have a lot of working
51:21
mums in the office and it's sort of the nature of the way we started is that everyone started
51:27
out doing 20 hours a week and a lot of those people now have evolved and are doing a lot more
51:32
as their kids have got older and stuff too. So being able to have 20 other 20 plus families
51:38
that we're supporting as well, just by facilitating business. But then, so we're not just making widgets
51:47
or doing stuff, not that's a bad thing, but we also then our business is helping people and helping
51:52
people with money and money decisions. So, and that gives both of us an awful lot of joy.
51:57
I think it's such an inspiration that and there's obviously, there's obviously a lot that is cross
52:03
over between what makes you succeed in business as a duo and in your relationship. Now imagine
52:10
similar types of conversations or perhaps misalignments when it comes to money were true in business
52:17
and in your personal life and one probably helped you learn with the other advice first,
52:21
and I think it's just so cool that you can sit here and be so open about the fact that your
52:27
bloody got to what you do. But also, it's not always perfect behind the white picket fence or what
52:34
appears to be we're two financial advisors in a relationship. Actually, we've had to really,
52:40
we've had growing pains of our own. And leading by example and sharing that is really awesome.
52:45
So thank you so much. Thanks so much for having us. It's been amazing. Yeah, you're cool. Thanks,
52:50
it's been amazing. I think we need to be friends. But I do, I feel quite emotional. We're going to
52:54
have to put a spinning lemon on it though. Yeah, that's true. Our friendship dates will have to be maybe
53:00
given or buy something. I was about to fly over to Europe for a weekend. No, but seriously,
53:09
if people do want to work with you and they want to find out more about what you're doing,
53:12
where can they find that? I think they can just go go rival wealth and yeah, but you'll find us
53:19
rival wealth. We've got an extensive website there which has got lots of cool tips and tricks
53:24
and a lot of the things that we've talked about today around tools for kids and tools for cash
53:29
management, some very simple and all that sort of stuff and transferring money between countries.
53:34
We've got relationship with companies where they do the best best deal on the internet and stuff.
53:40
So you don't have to keep going shopping around the different places and stuff like that. So small
53:45
stuff like that. So sometimes it really helps to be the tight old squirrels. Sometimes it really
53:52
helps. They know a lot. We need a squirrel in our life and it's really making me think about my
53:56
romantic life and doing something. I really think the opposite is when it comes to money is
54:02
probably the most strong dynamic that you could have, right? Because you're learning so much from
54:08
each other and you can take the good from each other, which I think is hard to do when you have two
54:13
squirrels or two. I don't know what we are. What would we be? My professional title is procurement.
54:20
Right. I secure things. Love it. I'm kind of similar actually, but I think we need a fun
54:26
animal that represents the like, you know, like the frivolous like like a panda. Yeah, so we could
54:31
go with pandas. Well with panda. We'll workshop that I think. Yeah, it's work in progress. But thank
54:36
you guys so much for coming in. It was awesome to me both. Thank you so much for listening to
54:41
Raising the Curve. These conversations are designed to teach you everything you need to know
54:44
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54:49
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54:56
And it only takes one second and it would really make our week a month, their year. Yeah, yeah.
55:02
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55:08
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55:13
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55:17
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55:22
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55:26
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55:31
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