Latest / The Curve / RTC91: Shortland Street and Elon Musk: Getting ethical with Beth Allen.

Transcript

RTC91: Shortland Street and Elon Musk: Getting ethical with Beth Allen. · The Curve

• 0:00
  Welcome to our ethical mini-series.
• 0:03
  So we're doing this with Pathfinder,
• 0:04
  and it was the second time we've done it.
• 0:06
  And you may be thinking, especially if you're new to the curve,
• 0:09
  why are we talking about ethical stuff
• 0:11
  at the same time as talking about money?
• 0:13
  But the thing is they actually really intertwined.
• 0:15
  You can cut your overall yearly carbon footprint
• 0:18
  just by switching your Kiwis ever funds
• 0:20
  to a provider that's climate positive.
• 0:22
  And in this mini-series,
• 0:23
  we're going to be discussing our values
• 0:25
  with relation to how they impact our investment decisions.
• 0:28
  So if you're working to leave things
• 0:30
  better than how you found them,
• 0:31
  then you might want to check out Pathfinder.
• 0:33
  They actually tilt their portfolio
• 0:35
  towards positive investment themes,
• 0:36
  so things like renewable energy, community housing,
• 0:39
  and they grow your welfare good investments in areas like
• 0:43
  healthcare, water infrastructure, technology,
• 0:45
  lots of good stuff like that.
• 0:47
  Pathfinder have one mind for money's award
• 0:49
  for best ethical Kiwis ever provider.
• 0:51
  Three!
• 0:52
  And a row.
• 0:53
  So if more information about Pathfinder and the work
• 0:55
  that they do, you can head to Pathfinder. Kiwi.
• 0:58
  Pathfinder asset management limited
• 1:00
  is the issuer of the Pathfinder Kiwis ever plan
• 1:03
  and Pathfinder investment funds.
• 1:05
  Product disclosure statements for their offers
• 1:06
  are available at Pathfinder. Kiwi.
• 1:10
  Welcome to Raising the Curth.
• 1:11
  A podcast designed to teach you everything you need
• 1:14
  to know to be better with your money.
• 1:15
  And the wise words of Amy Schumer
• 1:18
  were slipping carrots into the brownie recipe.
• 1:21
  I don't really get the saying.
• 1:23
  It's kind of like eating vegetables
• 1:24
  that actually taste good.
• 1:26
  You know, like, still not winning.
• 1:28
  Are you on the script?
• 1:30
  It's basically like saying investing in finance
• 1:32
  can be boring as, but it totally doesn't need to be.
• 1:35
  Oh!
• 1:36
  Okay, okay.
• 1:37
  So we're making it fun by putting the carrot.
• 1:40
  Okay, the vegetables are just good for you.
• 1:42
  It's the brownie recipe.
• 1:43
  Okay, we got there, we got there, okay.
• 1:45
  Okay, well, you've really got a finance mate.
• 1:47
  Yeah, one of us has to.
• 1:49
  This is a show.
• 1:50
  Okay, come and learn alongside me
• 1:52
  from Vic Harris, ex-fun manager,
• 1:54
  where I'm gonna ask all the questions that you wish you could.
• 1:57
  And I'm gonna be eating all the brownie you wish you could.
• 1:59
  It's so not the joke, Vic!
• 2:02
  Okay, just come and talk and learn and laugh with us
• 2:05
  because together we really can raise the curve.
• 2:09
  This is the next installment
• 2:11
  of our Green Mini series with Pathfinder.
• 2:14
  So this is the second time that we've done this.
• 2:16
  It's also the second episode in the series, isn't it?
• 2:19
  We're speaking to Beth Allen.
• 2:21
  And she, you'll recognize her face from television,
• 2:24
  especially if you've been in New Zealand or Australia.
• 2:27
  And if you Google her, you're definitely.
• 2:28
  100%.
• 2:29
  When she came onto the podcast, I was like,
• 2:30
  oh, yes, I recognize her.
• 2:33
  And also a really fun interviewing an actor
• 2:35
  because they're so animated.
• 2:36
  Yeah, she's cool.
• 2:37
  I actually said to her at one point in the scene to you,
• 2:39
  oh my God, I really love your sense of humor.
• 2:41
  I think it would be friends.
• 2:42
  And she was like, what, you cut out for a second.
• 2:44
  I was like, so if you said we're gonna be friends.
• 2:46
  So quiet.
• 2:47
  So quiet.
• 2:48
  Yeah, she has built an incredible property portfolio
• 2:52
  off the back of her earnings.
• 2:54
  She got when she was a child actress.
• 2:56
  Then she has now invested money on behalf of the kids.
• 2:59
  We really wanted to open up the conversation
• 3:00
  around how she views ethical investing
• 3:03
  and how she ties that into the decisions that she makes
• 3:06
  when it comes to investing.
• 3:07
  It was a super interesting conversation.
• 3:08
  We kind of touch on all elements, don't we?
• 3:10
  Like we talk about Elon Musk.
• 3:11
  We talk about Tesla.
• 3:13
  We talk about her property portfolio,
• 3:15
  her relationship with her husband
• 3:16
  and how they merged their finances.
• 3:17
  And it was a really great chat.
• 3:20
  So we're gonna cut to that now.
• 3:22
  Beth Allen.
• 3:23
  Very excited to have you on the podcast.
• 3:26
  Welcome.
• 3:27
  Thanks, ladies.
• 3:29
  We just had a bit of a debacle
• 3:30
  trying to set up the camera and the technicals
• 3:33
  and the bright lights and children and unmade beds.
• 3:35
  And I just thought, this is reality, isn't it?
• 3:38
  You know, it's reality.
• 3:39
  Yeah, I know.
• 3:40
  Everyone's like, oh my gosh, you can podcast from wherever.
• 3:43
  You're working for yourself, amazing.
• 3:44
  It's like, yeah, every cupboard is so fun.
• 3:47
  Yes.
• 3:49
  Awesome.
• 3:49
  Yeah, it's not as glamour and glitzy and easy
• 3:53
  to just like quickly set up podcasts.
• 3:54
  I was, I think, a lot of people may think.
• 3:56
  But, oh, damn it.
• 3:57
  That was my next career.
• 3:59
  Oh.
• 4:00
  Well, we can talk about that after the podcast.
• 4:02
  Everyone's doing it.
• 4:03
  I know how many people are like,
• 4:05
  I'm thinking of setting up podcasts.
• 4:06
  I'm such a cliche.
• 4:08
  Yeah, I know.
• 4:09
  Yeah.
• 4:10
  To the point, if people ask me what I do for work,
• 4:12
  I often am quite like.
• 4:14
  I'm going to podcast.
• 4:15
  Do you just learn?
• 4:16
  Well, it sounds like I've just started a podcast
• 4:18
  about makeup tutorials and, you know,
• 4:21
  there's three people at lesson.
• 4:22
  And it's just, yeah, you just feel like a bit of a door.
• 4:25
  Yeah.
• 4:25
  Yes.
• 4:26
  I think I start a lot of my sentences
• 4:28
  with I listen to this thing on a podcast
• 4:29
  and I hear myself and think that it's awful.
• 4:31
  Yeah.
• 4:32
  It's also like, oh, I read this book lately
• 4:34
  and people are like, okay.
• 4:37
  Yeah.
• 4:37
  Yeah.
• 4:39
  Yeah.
• 4:39
  The main reason we wanted to get you on
• 4:41
  was to speak about, obviously,
• 4:43
  investing and money and your life and your career.
• 4:46
  And there's so many things that we would love to chat to you about.
• 4:49
  But we kind of want to start in the acting space
• 4:53
  because this is something we've been wondering for a while,
• 4:56
  especially with all of the writers' strikes
• 4:58
  and all the stuff that was happening in Hollywood
• 5:00
  and the amount of shows and films that have been held up
• 5:03
  by people just being like,
• 5:05
  this is not good enough, pay me more.
• 5:07
  When it comes to acting,
• 5:09
  what kind of pay discrepancy did you experience?
• 5:12
  I mean, I'm imagining when you were younger
• 5:14
  and acting as a kid, that was something
• 5:16
  that was much more prevalent.
• 5:18
  But when you were on Shortland Street
• 5:20
  and did you have a talk to your co-host about,
• 5:22
  it was actually the discrepancy was worse when I got older.
• 5:25
  I guess because actually,
• 5:26
  where we were, there were fewer of us
• 5:28
  when we were acting as kids.
• 5:29
  So I was well paid and probably,
• 5:32
  I think, like, one of the highest paid in the cast
• 5:34
  when I was working as a child.
• 5:36
  So I started in 2008 on Shortland Street
• 5:38
  and I was on less money than I'd been on in 1998
• 5:44
  when I was 14.
• 5:46
  I'd been working as an actor for 13 years.
• 5:49
  When I started on Shortland Street,
• 5:50
  I was being paid a third less than a man
• 5:54
  who started with no credits.
• 5:56
  How did you find that out?
• 5:58
  Well, this is the thing,
• 5:59
  is when you work in TV,
• 6:00
  they like tell you not to talk about your faith
• 6:03
  amongst actors.
• 6:04
  So they don't, well, you don't.
• 6:05
  That's what I was going to say,
• 6:06
  how did you find out?
• 6:07
  Because most people don't talk about it
• 6:08
  and therefore don't know.
• 6:09
  So I'm kind of fascinated that you knew the details.
• 6:13
  I think we, I actually can't remember,
• 6:14
  but it definitely came out.
• 6:15
  And I even,
• 6:16
  when I was negotiating pay rises,
• 6:18
  I even brought this up.
• 6:19
  I was like, I think I should be paid just as much as him
• 6:21
  for these reasons and they were like, yeah.
• 6:24
  Yes and no, sorry.
• 6:26
  Wait, so then they didn't give you a pay rise?
• 6:28
  No, they gave me pay rises,
• 6:29
  but they wouldn't match the guy.
• 6:31
  I feel like I need to punch something like,
• 6:33
  I don't know why it makes me so mad.
• 6:36
  But also no, no justification, nothing being like,
• 6:39
  oh, no, sorry, you're less experienced or, you know,
• 6:41
  it's just like, they were nice.
• 6:42
  They were like, no, they were like,
• 6:44
  that's a really good point.
• 6:45
  That's, I can see that you're making a really good point there,
• 6:47
  but we're going to do nothing about it.
• 6:50
  I feel penalty for having a vagina, I'm sorry.
• 6:52
  I'll tell you the other thing that wasn't so much about the money,
• 6:54
  that whenever I see women on TV, you know, like in sports shows,
• 6:56
  where they talk about sports,
• 6:58
  and the women have got like the most amazing here
• 7:01
  and all the makeup done.
• 7:02
  And so they have been there since 4.30 in the morning,
• 7:04
  getting their makeup in here done,
• 7:05
  and the men have sort of just got a bit of foundation on.
• 7:08
  And those men will be impact more than the women,
• 7:10
  but also those men will be better slept
• 7:12
  and have more of a life,
• 7:14
  because they haven't had to spend all that time
• 7:16
  being made to look appropriate for television.
• 7:18
  So I had this really blonde hair when I was on Shortland Street,
• 7:21
  but my hair is like naturally like this.
• 7:23
  I would have an hour and a quarter in the makeup chair
• 7:25
  every morning to have my curly brown hair like strained out
• 7:28
  and blow dry.
• 7:29
  So and all of the men had a 15 minute makeup call.
• 7:32
  So while I was in the chair, they could do five men,
• 7:35
  the same time that I was being done.
• 7:37
  And so I worked out that every year,
• 7:38
  I would spend four weeks more a year at work for Lesma.
• 7:42
  Why did you stay?
• 7:44
  I feel like I'd be like, this is ridiculous,
• 7:46
  but then I guess that's your career
• 7:47
  and that's your...
• 7:48
  Also Shortland Street was like the criminal accrim at the time,
• 7:51
  as well, I mean, like in terms of acting.
• 7:53
  I'm picking it.
• 7:54
  I'm picking at the bits, the crappy bits,
• 7:55
  but actually I loved it and I loved that job.
• 7:58
  And also New Zealand's a small place.
• 7:59
  There are not that many TV jobs to do.
• 8:01
  And I wanted to buy a house.
• 8:03
  I wanted to get married.
• 8:04
  And I really like being on set
• 8:05
  and I really love acting,
• 8:06
  but I don't love waiting around for work.
• 8:08
  So I wanted to be working.
• 8:10
  And Shortland Street was that for me.
• 8:11
  I got six solid years of work
• 8:14
  and it helped me skip myself set up.
• 8:16
  Well, more set up financially.
• 8:18
  So that was part of it for me.
• 8:20
  So not all bad, but there were some...
• 8:22
  There's some elements that are really super unfair
• 8:24
  and they are just...
• 8:25
  I never thought of that here in makeup.
• 8:27
  I once went, got us to be on breakfast TV
• 8:29
  and I was like, oh my god, exciting.
• 8:31
  I was like, early morning
• 8:32
  and I was like, sitting at the chair
• 8:33
  and I was talking to the ladies
• 8:34
  and I was like, oh, you know,
• 8:36
  what time do the presenters get here?
• 8:37
  And they said that they were like,
• 8:38
  the woman presenters get in here
• 8:39
  when hour and a half earlier than the mail.
• 8:41
  I was like, next time I'm going to ask them,
• 8:42
  I was like, oh, so do they get paid more?
• 8:44
  Because they have to be here longer hours.
• 8:46
  Yes.
• 8:47
  Because we've decided that women have to have
• 8:49
  all of this stuff done to us.
• 8:51
  I would love to just rewind slightly back to your acting
• 8:55
  as a kid because this was something that you,
• 8:57
  quite differently to other child actors and child stars
• 9:01
  that you know, when you read books
• 9:02
  or you watch films or documentaries about,
• 9:04
  I mean, I'm not trying to compete at Britney Spears,
• 9:07
  but the famous people who happen to...
• 9:09
  I mean, I love them.
• 9:11
  Oh, grow up acting or singing, what do you mean?
• 9:15
  When they earned money,
• 9:16
  it was often then exploited by the parents
• 9:19
  as in, oh, we need a new bathroom renovation.
• 9:21
  So we're going to send a little bet off to go
• 9:23
  and be in a cabbage patch campaign.
• 9:25
  Do you know what I mean?
• 9:26
  You had the complete opposite.
• 9:27
  Your parents were really clever with your mind.
• 9:29
  I did.
• 9:30
  I did.
• 9:31
  And also, I had the luxury of parents
• 9:33
  that didn't need the money.
• 9:34
  I mean, I worked with kids whose parents used the money,
• 9:36
  but not in any kind of nefarious way,
• 9:38
  but just in like a four school phase or...
• 9:40
  Oh, yeah, all sorts of things.
• 9:41
  And so it was quite a rare situation
• 9:44
  where it felt like kids were being exploited.
• 9:46
  It was more that there was money coming into the family
• 9:48
  and they got used by the family.
• 9:50
  Whereas for my situation, my parents didn't need to.
• 9:53
  I mean, they let me have it for a while
• 9:55
  and then when they realized that I was 16
• 9:56
  and burning through it, like nobody's business,
• 9:59
  they were like, you can't have that anymore.
• 10:02
  And I was outraged and had to go and get a boring job.
• 10:06
  And I screamed, Paola, in Linmore, in Auckland,
• 10:09
  on $5.50 now, in order to have my pocket money.
• 10:12
  So anyway, they took all the money off me
• 10:13
  and thank God they did,
• 10:14
  because then I had a house deposit when I was like 19.
• 10:17
  Of course, that's amazing.
• 10:18
  At 19 as well, wow.
• 10:21
  And I can still remember the meeting with the mortgage broker.
• 10:23
  So the house was $321,000
• 10:25
  and I had a deposit of $100,000.
• 10:28
  The mortgage broker was just like,
• 10:30
  there was none of the, you know,
• 10:31
  I don't know if you guys have gone for mortgages recently,
• 10:33
  but they are so, so intense about every single thing.
• 10:38
  And we are now like, I've got three kids,
• 10:40
  I'm not working, like they look at every single line item
• 10:43
  with us now, but they're like a third deposit.
• 10:47
  Here you go.
• 10:48
  They were like, what, who are you?
• 10:49
  You're 19 with a hundred grand.
• 10:52
  Also a hundred grand that long ago would have been,
• 10:55
  that's like 500 grand now.
• 10:57
  Like nobody can save that amount by that age.
• 10:59
  It's just, that's so amazing.
• 11:01
  I was extremely fortunate.
• 11:02
  And how has that stemmed into the way that you,
• 11:05
  because you've got kids?
• 11:06
  How do you talk to them about money now?
• 11:07
  Because especially if they're not child actors
• 11:10
  and they're not earning as much as you were at that age?
• 11:13
  It's kind of a different story.
• 11:14
  Yeah, I think we've been quite deliberate
• 11:16
  that we've decided that their pocket money,
• 11:18
  which they get a dollar through the age there.
• 11:21
  So the three year old gets three dollars,
• 11:22
  the five year old gets five dollars.
• 11:24
  So that money is not contingent on anything,
• 11:26
  like that's just their money,
• 11:27
  so they don't have to do jobs for it or anything.
• 11:28
  And that's just the way we've decided to do it.
• 11:30
  Oh, I'd love that.
• 11:31
  32, just give me 32 dollars, you know?
• 11:34
  Take you up to brunch.
• 11:35
  Yeah.
• 11:37
  But also I can't be bothered arguing about it.
• 11:38
  Like if you do that sort of thing with kids,
• 11:40
  it's like you have to do this to get your pocket money.
• 11:41
  You end up talking about it all the time
• 11:43
  and I can't be bothered.
• 11:44
  As a new always like,
• 11:45
  you have to do the job to get your money.
• 11:47
  Yeah, do the dishwasher.
• 11:49
  Always a negotiation and they're like,
• 11:51
  no, you're like, come on.
• 11:52
  It's more negotiation and an argument
• 11:54
  and I don't want to, I can't be bothered.
• 11:55
  So they get that money.
• 11:57
  We give them half of it.
• 11:58
  So they have half of it and it goes into their bank account,
• 12:01
  which for a while we let that spend it,
• 12:03
  spend all of it on toys.
• 12:04
  And then we just realized that we were just like,
• 12:06
  so rounded by the crap plastic toys.
• 12:09
  We now take half of it and I put it into Shazie's,
• 12:11
  basically, so they have a little investing account
• 12:14
  on Shazie's I daughter on my phone
• 12:15
  and they have an automatic buy every month of,
• 12:18
  I mean, it's like $5, it's not a lot,
• 12:20
  but they have chosen funds for them.
• 12:22
  And then $3 they get to keep and it just stays in their bank account
• 12:25
  and then they can spend that, how they want to spend it.
• 12:27
  And they don't understand the Shazie's thing at all.
• 12:29
  They just like, do they understand
• 12:30
  where that other half of their money is going
• 12:32
  and have you tried to explain?
• 12:34
  Like, oh, if we're taking half your money
• 12:36
  because it's going to be more in the future,
• 12:38
  like, do they get that concept
• 12:39
  or are you trying to explain it?
• 12:41
  I haven't explained it to them.
• 12:43
  I feel like when I said something like,
• 12:44
  you know, we're going to give it to some companies
• 12:46
  and they're going to make money for you for it.
• 12:48
  They were just like, what's a company?
• 12:51
  So we sort of get a bit of little bit of staccons
• 12:54
  and the quite big concepts, but yeah.
• 12:57
  It's like when you open the can of worms about sex,
• 12:59
  you're like, oh gosh, not going to open this rabbit hole, yeah.
• 13:03
  It's so funny to think that little humans
• 13:05
  don't understand concepts that are just so obvious now,
• 13:08
  like that your brains are not developed enough
• 13:10
  to totally understand what you're looking at.
• 13:11
  It's quite interesting.
• 13:13
  Yeah, like what's an economy?
• 13:14
  Yeah, even explaining the sky,
• 13:18
  God, I've just taken everything as like,
• 13:20
  oh yeah, gravity, real normal, you know.
• 13:22
  You drop something and it falls to the ground.
• 13:24
  That's not normal when you're three.
• 13:26
  Yeah, yeah.
• 13:26
  Well, it's like when we started the podcast
• 13:28
  and you're like, what is a stock?
• 13:29
  Well, it's a stock.
• 13:30
  You know, you're kind of like, it's just a stock.
• 13:33
  So that was a three year old.
• 13:34
  Yeah, yeah, you were the three year old, yeah.
• 13:35
  Yeah, talk to me like I'm a three year old, yeah.
• 13:38
  Have you tried investing in companies
• 13:40
  that they might be interested in, like Disney
• 13:42
  or if they start watching Cinderella,
• 13:45
  you're like, you're actually own part of that movie
• 13:47
  or like, you know, things like that.
• 13:49
  Yeah, I think, well, we sort of talked about
• 13:51
  maybe like investing in toy companies,
• 13:53
  but like part of me feels like I don't want
• 13:55
  to contribute to more plastic.
• 13:57
  Yes, yeah.
• 13:58
  So when I've actually gone for more,
• 14:00
  I think I'm using the Pathfinder Fund
• 14:02
  so that like the kind of more ethical funds,
• 14:04
  like the water fund and stuff.
• 14:05
  So I think I was looking at doing the companies
• 14:08
  and then I thought, actually,
• 14:09
  I think I'd rather just have them start
• 14:11
  with the ethical stuff.
• 14:12
  And then if they want to get interested in,
• 14:14
  because they're not really products yet,
• 14:16
  but they don't really know brands,
• 14:17
  they don't really know.
• 14:18
  So until they sort of start showing interest,
• 14:20
  I'm not steering them any of that direction yet.
• 14:22
  And in terms of your relationships,
• 14:24
  so you were 19 and you bought a house.
• 14:26
  When did you meet your now husband
• 14:28
  and how did you sort your finances,
• 14:31
  like you were coming to the table with quite a lot there?
• 14:34
  Did you sign a pre-napped?
• 14:35
  Did you have a conversation
• 14:36
  about the idea of merging finances,
• 14:37
  like how did that all play out for you?
• 14:39
  We moved, so I met Charlie when I was 24.
• 14:42
  He was 25.
• 14:42
  We moved finances pretty much immediately,
• 14:45
  like we kind of got a joint account
• 14:46
  and then we got allowance accounts very, very quickly.
• 14:49
  So we were allowed to spend
• 14:51
  a little bit of money of our own every week
• 14:52
  and we actually still do that,
• 14:54
  which almost is pointless
• 14:55
  because all of our money is merged,
• 14:56
  but for some reason we still have those allowance accounts.
• 14:59
  And then we were just quite serious,
• 15:01
  quite straight away about buying a house.
• 15:03
  We wanted to buy a house together.
• 15:05
  So we immediately started saving
• 15:07
  and being quite disciplined about a budget.
• 15:09
  And then when I sold my first house
• 15:11
  and with Charlie and I bought our house together,
• 15:13
  I definitely brought a lot more money into it than he did.
• 15:16
  And we did talk about getting a,
• 15:17
  it's called a section 22 or something.
• 15:19
  It's like you opt out of the
• 15:21
  matrimonial property act in New Zealand.
• 15:23
  So yeah, you'd basically just say,
• 15:24
  when that doesn't apply to us
• 15:25
  and we've agreed that it doesn't apply to us.
• 15:28
  And I think we maybe didn't end up signing it
• 15:31
  because we were married and now.
• 15:35
  And now she's like, damn,
• 15:36
  I really need to dust off that document.
• 15:38
  Well, now to be honest,
• 15:40
  it doesn't really matter.
• 15:41
  Like we've been married for so long
• 15:43
  and now the landscape's completely different now.
• 15:45
  And I haven't, you know, I've been with the kids
• 15:47
  for seven or eight years
• 15:48
  and he's the working person.
• 15:50
  And now we just be completely different.
• 15:52
  I bet it's not to say that you shouldn't.
• 15:53
  Like I have friends who've got section 22 agreements
• 15:56
  because I think that's what they're called
• 15:57
  because they've brought disparate amounts of money into it.
• 16:00
  And I know people who didn't say them
• 16:01
  and it has gone badly.
• 16:02
  So I would definitely,
• 16:04
  if I was a person bringing more money into a relationship,
• 16:06
  I would definitely insist on that.
• 16:08
  And maybe we just got really busy.
• 16:10
  I'm not actually sure what we're saying.
• 16:12
  Life just got in the way.
• 16:13
  So when you say you moved quickly, yeah.
• 16:16
  Yeah, when you, if you can remember,
• 16:18
  how do those initial conversations start?
• 16:20
  Like being 24, 25,
• 16:22
  having a conversation about money
• 16:23
  and moving really quickly by combining your accounts?
• 16:26
  Also, what's really quickly?
• 16:27
  I'd like some specifics.
• 16:29
  Yeah.
• 16:30
  We were living together within a couple of months.
• 16:32
  Holy shit.
• 16:33
  Yeah, yeah. No, we were quite.
• 16:34
  Yeah, we were quite serious.
• 16:35
  But I'm a pretty fast.
• 16:36
  I'm like, how fast have you moved?
• 16:40
  Yeah, well, that you say,
• 16:41
  how fast have you moved, Vic?
• 16:44
  It was quite funny because you know,
• 16:45
  when you're like, when you're out, you date.
• 16:47
  You still generally have a conversation
• 16:49
  about are you boyfriend and girlfriend, you know?
• 16:51
  Yeah, yeah.
• 16:52
  And I was talking to my housemate the other day,
• 16:55
  and I said, there's something,
• 16:56
  are you a Vic's boyfriend?
• 16:58
  And she was like, what?
• 16:59
  Vic's got a boyfriend.
• 17:00
  And I was like, I mean, I don't know.
• 17:01
  I sort of, I think so.
• 17:03
  I don't think Vic knows.
• 17:04
  I think so.
• 17:05
  I think Vic knows.
• 17:06
  But it's an ongoing joke, basically,
• 17:07
  that Vic's like, you've been on three dates,
• 17:09
  and actually we've booked our wedding venue.
• 17:12
  We are very serious, and not that's here.
• 17:15
  No, I just, I'm efficient.
• 17:17
  I'm an efficient data.
• 17:19
  I'd rather figure out if it's going to work or not,
• 17:21
  and be in or out.
• 17:23
  Sorry, yeah.
• 17:24
  We digress, we digress, yes, yes.
• 17:26
  So the early conversations about that stuff,
• 17:29
  I don't really remember.
• 17:30
  I remember it being pretty seamless.
• 17:31
  Like he told his best friend after three weeks,
• 17:33
  and he was going to marry me.
• 17:34
  Like he was very serious.
• 17:35
  I guess we were both really committed.
• 17:37
  I think maybe we were both just,
• 17:38
  we're serious about this.
• 17:40
  We want to buy a house, let's move in together.
• 17:42
  Well, if we're going to do this, we need to,
• 17:43
  we need to get serious about saving money,
• 17:45
  and it never really has been an issue.
• 17:48
  In that regard, like we've had,
• 17:49
  we have disagreements about money in different ways,
• 17:51
  but that one, let's combine our finances.
• 17:54
  We'll do things 50, 50, that was never an argument,
• 17:57
  or an issue.
• 17:59
  The whole point of this ethical mini series with Pathfinder
• 18:02
  is to help you think about how you invest your money
• 18:04
  with a relation to your own personal values.
• 18:07
  So just like the food that you eat,
• 18:08
  the people you surround yourself with,
• 18:10
  the way that you spend your money
• 18:11
  as a reflection of you as a person.
• 18:14
  But how are you meant to know how to translate your values
• 18:16
  into the way that you invest?
• 18:17
  Well, Pathfinder believes no one should have to choose
• 18:20
  between an ethical investment and a profitable one.
• 18:22
  So together, we've created a quiz to help you figure out
• 18:26
  what kind of investor you are based on what you care about.
• 18:29
  It's actually very fun.
• 18:30
  So if you would like to find the quiz,
• 18:32
  you can head to the show notes of this podcast.
• 18:34
  Pathfinder Acet Management Limited
• 18:36
  is the issuer of the Pathfinder Kiwis Ever Plan
• 18:39
  and Pathfinder Investment Funds.
• 18:41
  Product disclosure statements for their offers
• 18:42
  are available at Pathfinder Doc Huey.
• 18:47
  And how does your husband,
• 18:48
  how does the decision-making go in terms of your financial decisions?
• 18:52
  Does he make the decisions?
• 18:54
  Do you make the decisions?
• 18:55
  Do you influence each other
• 18:56
  when you're making those financial decisions?
• 18:58
  Like how does that split work?
• 19:00
  It's sort of changed over the years,
• 19:01
  like I think I used to be a lot more.
• 19:03
  The word that keeps coming to my mind is controlling.
• 19:09
  I think I used to be a lot more concerned with making sure
• 19:12
  that we were kind of watching every dollar
• 19:15
  on saving money wherever we can.
• 19:16
  And do you think that was because you brought more
• 19:18
  to the situation that you were like,
• 19:20
  this is kind of my money,
• 19:21
  so can we not be so frivolous?
• 19:23
  Like was there an element of that?
• 19:24
  No, it was more kind of what I grew up with.
• 19:27
  My parents were pretty careful with money.
• 19:28
  They were also like, my parents were comfortable,
• 19:31
  but they weren't at all wealthy and they worked jobs.
• 19:34
  You know, like they weren't business owners.
• 19:35
  They worked, you know, my dad worked for a company
• 19:37
  for a long time and my mum was self-employed,
• 19:39
  but not in any kind of,
• 19:40
  what's the word I'm looking for, lucrative way.
• 19:42
  So they were just kind of careful with their money.
• 19:44
  And I guess I grew up around that
• 19:46
  and then I had seen,
• 19:48
  I guess maybe I was influenced by having made a lot of money
• 19:50
  when I was a kid and saving it.
• 19:52
  So I was like, well, this is how you do it.
• 19:53
  You save money to get where you want to go.
• 19:55
  And I think now that things have gone on,
• 19:58
  we have invested money in property
• 20:01
  and Charlie has a business.
• 20:02
  And so I think I started to think about money slightly differently
• 20:05
  in that I used to be like really concerned with,
• 20:09
  well, how am I going to retire?
• 20:10
  I want to retire.
• 20:11
  I want to make sure my retirement is sorted.
• 20:13
  And now I'm a bit more like, I'm 40 next year.
• 20:16
  I've still got 25 years of work ahead of me.
• 20:17
  We've got a pretty good base we can build on in the next 20 years.
• 20:21
  I think the business, his business will, you know, go well.
• 20:24
  And, you know, I think I just think about it slightly differently.
• 20:27
  It's, I don't think about it in quieter.
• 20:29
  I'm quite so held away.
• 20:30
  I'm a little bit more open-minded about it.
• 20:32
  And so in terms of how we make money decisions,
• 20:35
  I think we talk about most of it.
• 20:36
  We don't have long kind of involved discussions,
• 20:38
  but he'll say, I want to do this.
• 20:40
  And I'll say, I think we need to do this.
• 20:41
  So that made him sound like he wants to do things.
• 20:44
  And I think we need to do things that's not true.
• 20:45
  Yeah.
• 20:47
  He listens to this podcast.
• 20:48
  Like Beth.
• 20:49
  Is that I, the controlling behaviour?
• 20:52
  No.
• 20:53
  I'm sort of like, well, I think we should do this to the house.
• 20:56
  And I want to, I didn't even do laptop for whatever.
• 20:58
  And he'll have his things.
• 21:00
  And we just kind of work it out, I think.
• 21:02
  But I think my stuff is influenced him
• 21:04
  and his stuff is influenced me.
• 21:05
  So I've kind of relaxed a bit, because he is a lot more like,
• 21:07
  believes that money will always be there, and it'll come.
• 21:09
  And he works hard, and he's had the experience of knowing
• 21:12
  that he can do that and generate that.
• 21:15
  And I've had the experience now of just like, he sorts it out.
• 21:19
  And he works really hard.
• 21:21
  And we've never had to go without, or, you know,
• 21:23
  he's a really good provider.
• 21:25
  So I've sort of lent to trust that a bit more.
• 21:27
  That a very un-feminist thing to say.
• 21:29
  Yeah, it's so interesting to hear that.
• 21:31
  Yeah, the idea of he's a great provider.
• 21:33
  It is funny to bring that up, because as soon as you said that,
• 21:35
  I was like, we both jumped to he's the only one providing.
• 21:38
  You can want someone to be a great provider,
• 21:40
  but also provide yourself.
• 21:41
  Do you know what I mean?
• 21:42
  Like, I want my partner to be a great provider,
• 21:44
  but not the only provider.
• 21:46
  Do you know what I mean?
• 21:47
  I want to be a team.
• 21:48
  But then it's hard, though, because, for example,
• 21:50
  if you did want to take time to go and then look after kids,
• 21:53
  it's very privileged to be able to work for yourself
• 21:56
  or freelance and also look after.
• 21:57
  I mean, that's the dream I'd love to be able to do that.
• 21:59
  But also, it's not easy.
• 22:02
  And no, no, no, I guess I'm meaning like you're more a team
• 22:07
  and you're both being the providers.
• 22:08
  Oh, sorry.
• 22:09
  So you mean in best situation that she is providing, too?
• 22:13
  Yeah.
• 22:14
  But you can ask it.
• 22:15
  But Beth obviously wants him to be a great provider as well.
• 22:19
  Not the only provider.
• 22:20
  I see what you're trying to say.
• 22:21
  But we both jumped to the conclusion that she was meaning.
• 22:24
  He was the provider.
• 22:25
  He's just so right.
• 22:26
  Whereas it's like, no, no, you're going to be a team
• 22:28
  and both want to be providing.
• 22:30
  But also, she already is providing.
• 22:31
  Exhibit.
• 22:32
  Yeah.
• 22:32
  OK, I see what you mean.
• 22:33
  Yeah.
• 22:34
  Well, I think we just fully had like a full-on discussion
• 22:37
  without you.
• 22:37
  No, that's fine.
• 22:39
  She's like, I'm here, guys.
• 22:40
  I'm here.
• 22:40
  Yeah, I probably should give you some context.
• 22:42
  I wanted to stay at home with my kids.
• 22:44
  You know, I worked since I was 11.
• 22:46
  I got to my 30s.
• 22:48
  I really wanted to have children.
• 22:49
  And so I was like, I'm going to stay at home with them.
• 22:53
  And that meant not growing back to work essentially.
• 22:56
  But also, I didn't really have a work to go back to.
• 22:58
  I'd stopped being an actor.
• 22:59
  I had kids.
• 23:00
  And acting, for me, has taken a really back seat
• 23:04
  in the last few years.
• 23:05
  But also, when I said before about short and straight
• 23:07
  being a really good way to make money,
• 23:09
  it's kind of almost the only job that makes me run
• 23:11
  in New Zealand.
• 23:12
  You know, it's not the only reliable income as an actor here.
• 23:15
  So once I'd done that, it was like, well, I could, you know,
• 23:18
  and I did.
• 23:19
  I did voiceovers and I did some commercials and whatever.
• 23:21
  But in terms of that, like, long-term gig,
• 23:24
  that those didn't really end up happening again for me.
• 23:26
  So I was at home with kids.
• 23:28
  And then it ends up being that he ends up being the person
• 23:30
  who's an in the income.
• 23:31
  So he kind of does need to provide that income for us.
• 23:35
  And that's what he's very good at doing.
• 23:36
  And I'm back in university and I'm studying
• 23:40
  and I fully intend to like step back into the workforce
• 23:42
  doing something quite different.
• 23:43
  And I can't wait to do that.
• 23:44
  And I'm really looking forward to working.
• 23:45
  But I'm unusual in that I will have stepped out
• 23:48
  of the workforce for pretty much 10 years by the time
• 23:51
  I can step back into it.
• 23:52
  And that's quite unusual for most women work.
• 23:54
  You know, they pick up work again quite quickly
• 23:56
  or they do things they they work.
• 23:58
  But I have stayed at home with kids
• 24:00
  and it's also a lot of work.
• 24:02
  Do you want to work?
• 24:03
  How lucky for your kids to have had 10 years
• 24:06
  of you did accounting your love and time
• 24:08
  and attention to them.
• 24:09
  That's pretty special.
• 24:10
  Yeah.
• 24:11
  I really hope they say that.
• 24:13
  Yeah.
• 24:14
  Just replay this podcast to them when they're like,
• 24:16
  when they're going through the teenage puberty years,
• 24:18
  just replay this podcast.
• 24:20
  You should be so cute.
• 24:21
  And I used to talk on podcasts.
• 24:23
  Oh, yeah.
• 24:24
  Yeah.
• 24:25
  Beth, I know you're not much of an investor
• 24:27
  as in that sort of fucking road.
• 24:29
  Sorry, I mean, I mean, I mean, I don't respect you.
• 24:34
  And she is heaps.
• 24:35
  Yeah, like you've got your key, we say that.
• 24:36
  But we heard through, I was going to say,
• 24:39
  the great find that you've been reading
• 24:41
  the Elon Musk book lately.
• 24:43
  Yes, I did.
• 24:44
  We wanted to, we want to chat to you about that
• 24:46
  because one of the stocks that we often have debated,
• 24:49
  I think within our community,
• 24:51
  people we know between Vick and I.
• 24:52
  Yeah, between me and you.
• 24:53
  Is the Tesla start?
• 24:55
  No, yeah.
• 24:56
  What have you learned from the book about Elon as a guy?
• 25:00
  Like, is he someone you'd want to have over for dinner?
• 25:03
  You would invest in that company?
• 25:04
  Like, we'd just love to hear how that has been to read.
• 25:07
  I, well, what I found really interesting
• 25:09
  is that he let this journalist Walter Isaacs
• 25:12
  and follow him around for two years.
• 25:13
  And he gave him total access to everyone around him.
• 25:16
  And he didn't ask for any kind of approvals or copy anything.
• 25:20
  So I love that.
• 25:22
  I don't know if I could read it.
• 25:24
  I'm surprised he did that.
• 25:25
  Oh, I wouldn't want to do that.
• 25:27
  Oh my God, someone saw what I was like for two years.
• 25:30
  Oh, I think he's amazing in terms of his vision
• 25:33
  and his dedication and his drive.
• 25:34
  Like his, how much he works is insane
• 25:37
  and his ability to get people behind him
• 25:39
  till work in the same way.
• 25:41
  However, I think probably the world,
• 25:43
  I'm not saying anything new when I say that
• 25:44
  like the Twitter thing is weird.
• 25:46
  And I'm not even sure that he knows.
• 25:48
  I think in the book, it paints it
• 25:49
  that he ended up kind of being stuck with Twitter.
• 25:51
  Like he made a stupid offer
• 25:53
  and then because he'd made the stupid offer,
• 25:54
  they basically were going to take him to court.
• 25:56
  Well, they sued him, didn't they?
• 25:57
  To make him finish the deal.
• 25:58
  Hasn't Twitter like halved in value?
• 26:00
  So it's your business?
• 26:01
  Well done, yes.
• 26:02
  Yeah, so I feel like he's a genius,
• 26:06
  but everyone makes bad decisions
• 26:08
  and he can make bad decisions.
• 26:10
  And he's also spread pretty thin at the moment.
• 26:12
  So he's running SpaceX, he's running the,
• 26:14
  what's the brain one?
• 26:15
  The chips that they put on people's brains?
• 26:18
  What the hell is that?
• 26:19
  Yes, the new one.
• 26:21
  I forgot her name, but yes, I'm sorry.
• 26:23
  He's got the boring company, he's got Tesla,
• 26:26
  he's got Twitter.
• 26:27
  So he's just, he's just got so much on.
• 26:30
  I would be nervous if I was an investor
• 26:32
  that Twitter is, that Tesla rather is going to get
• 26:35
  forgotten about or going to get
• 26:36
  not the same amount of attention that it needs.
• 26:38
  There's what a lot of Tesla shareholders said
• 26:41
  when he bought Twitter, the Tesla share price fell
• 26:44
  because it was like, well,
• 26:45
  you can't really have a CEO that's running
• 26:47
  to massive businesses and have 100% of their attention,
• 26:51
  which is so true.
• 26:52
  But I don't know, coming back to your point,
• 26:54
  I kind of, I feel like yes, Twitter might
• 26:57
  or not be in the best investment.
• 26:59
  It's halved in value.
• 27:00
  But Elon, he's not your typical CEO, you know?
• 27:03
  He is creating SpaceX so people can go live
• 27:07
  on another planet.
• 27:08
  Can we just talk about that for one moment
• 27:10
  before you continue this train of thought?
• 27:11
  Because I don't even know what SpaceX is.
• 27:13
  So America sent everyone to the moon, right?
• 27:16
  And then at night, the 90s, they decommissioned it.
• 27:19
  So his fear was basically that the human beings
• 27:22
  don't always go forward, that they can go backwards
• 27:24
  and that in the regards to the space travel,
• 27:27
  America went backwards.
• 27:28
  They stopped being able to see people to the moon
• 27:30
  and to the space.
• 27:32
  And so he decided that he was going to do it
• 27:34
  and he wants to colonize Mars so that we've got a plan B
• 27:36
  as a planet, which like, I have a serious issue with,
• 27:39
  because if you have that much money,
• 27:40
  why don't you save this planet?
• 27:41
  But anyway, and then he made it happen.
• 27:44
  Like he sent rockets.
• 27:45
  His company, privately owned company,
• 27:46
  is now ascending up satellites to,
• 27:49
  so that we have an internet up there,
• 27:51
  but also sending people to space.
• 27:54
  I feel like he just gets shit done.
• 27:56
  It's like, you know, we're going to have driverless cars
• 27:57
  and everyone's like, oh my gosh, mate.
• 27:59
  Like, you're whatever.
• 28:00
  And then it just, he just gets it done.
• 28:01
  We're going to go live on Mars and everyone's like,
• 28:03
  you're whatever.
• 28:04
  And then he just gets it done.
• 28:05
  But that's, he's been saying that the driverless cars
• 28:07
  are coming next year since about 2016.
• 28:10
  His timelines are a bit off, but yeah.
• 28:11
  But also the thing about Twitter,
• 28:12
  he bought Twitter wanting it to become a financial platform.
• 28:15
  So it would be able to send and make payments.
• 28:17
  But before he bought it a Twitter,
• 28:19
  he didn't check whether Apple were going to pass on
• 28:23
  all of the credit card accounts
• 28:24
  that they keep stored as part of the iPhones.
• 28:28
  And Apple were like, no, we're not giving you that.
• 28:30
  So he bought Twitter thinking,
• 28:32
  I'm going to make this into a financial platform
• 28:34
  without checking whether Apple
• 28:35
  were ever going to give the data from their users.
• 28:38
  Yeah.
• 28:39
  The amount of large companies out there
• 28:42
  that are doing great things,
• 28:43
  I don't think there's any CEO
• 28:45
  that gets as much attention as Elon Musk.
• 28:47
  And maybe it's because he does come out
• 28:50
  and he says things like, I'm going to buy Twitter
• 28:53
  and then doesn't actually follow through.
• 28:55
  And then the SEC, which is like the regulator
• 28:58
  in the US is like, well, now you have to
• 28:59
  because you've made it offer.
• 29:00
  You're like, he does things like,
• 29:02
  I'm going to buy some stock.
• 29:04
  And then the sheer price goes up.
• 29:06
  But you know, he just, he manipulates the market
• 29:08
  and it's not allowed.
• 29:08
  So I think he has a very special character,
• 29:11
  but he just gets so much attention.
• 29:14
  And it kind of, you have to come back to the fact of like,
• 29:16
  okay, well, do you want to invest in a company
• 29:18
  that is run by this man?
• 29:19
  And I think the kind of two arguments are,
• 29:21
  do you view him as a very ambitious driven person
• 29:26
  that's going to drive growth for this business?
• 29:28
  Or do you view his character?
• 29:30
  How he treats people, you know, that he is spread to thin
• 29:33
  and therefore you don't want to invest in Tesla?
• 29:35
  So it's kind of figuring out
• 29:38
  because I read the other book, the previous one,
• 29:41
  that wasn't commissioned by him.
• 29:44
  It was pretty damning in terms of how he treated staff.
• 29:47
  And I mean, we've seen what's come out in the news
• 29:49
  about like there's been strikes and uproars and factories
• 29:53
  because of the working conditions in Tesla.
• 29:55
  And so I think some people are like,
• 29:57
  yes, you can be driven by growth
• 29:59
  and wanting to change the world, but at what cost?
• 30:02
  And so, I mean, I remember speaking to you, Soph,
• 30:04
  and you were like, yeah, Tessa, yeah, yeah,
• 30:06
  reducing carbon emissions for the world and all of that.
• 30:09
  And it's like, yeah, but they treat the stuff like shit.
• 30:11
  This is the whole debate is if I was the CEO of,
• 30:17
  yeah, a solar panel company,
• 30:18
  and then I was actually majority of my personal investments
• 30:21
  when I was sitting in oil and gas
• 30:22
  or I actually had a business on the side
• 30:24
  that was digging oil in the ground,
• 30:26
  digging up for oil and ground.
• 30:27
  You know, there's kind of where do you draw the line?
• 30:30
  And it's a hard one because, yeah,
• 30:32
  we do think of Elon Musk and Tesla
• 30:34
  and everything he does is one big bucket bus.
• 30:36
  Well, it kind of is because he's in charge of it all.
• 30:38
  Exactly. Yeah.
• 30:40
  That's not letting other people run those companies.
• 30:41
  Oh, I find it so fascinating.
• 30:44
  It kind of makes me want to read the book.
• 30:45
  I also am kind of shocked by the idea
• 30:47
  that he was fine with someone following him around
• 30:49
  and documenting him.
• 30:51
  He must be an usasister.
• 30:53
  Surely he knows some of the shitty does as questionable.
• 30:55
  But maybe he doesn't.
• 30:56
  No, he does.
• 30:57
  Oh, he does.
• 30:58
  Yeah, I think he does.
• 30:59
  And I think he probably, I don't know.
• 31:00
  My sense is that he knows pretty well who he is
• 31:03
  and he's not really apologetic about it.
• 31:05
  And I suppose he would have trusted the writer.
• 31:07
  The same writer did the biography of Steve Jobs,
• 31:09
  which I'd be like, hell, yeah, if he came to me
• 31:11
  and was like, hey, I want to do a biography on you,
• 31:13
  I'd be like, oh, gosh, yeah.
• 31:14
  Do you know how I also, I don't love the idea
• 31:17
  that so many autobiographies now are not written by the person.
• 31:21
  Like, if you just commissioned a ghost writer
• 31:24
  and they don't have any access to you
• 31:25
  and they're just kind of following your notes
• 31:27
  or stories that you've seen over a couple of coffees,
• 31:29
  I'm like, I don't want to spend money on a book
• 31:31
  and time reading that.
• 31:32
  But the fact that someone has invested two years of their life
• 31:35
  into getting to know this human
• 31:36
  and then depicting it in a book quite fascinating.
• 31:39
  Totally.
• 31:39
  Did you know that Elon isn't actually the founder of Tesla?
• 31:42
  No. Yeah, I know.
• 31:43
  He's the CEO that's been there forever.
• 31:45
  What?
• 31:46
  I know why.
• 31:47
  It was founded by two other guys like years ago.
• 31:49
  Really?
• 31:50
  And then he came in and was like,
• 31:51
  oh, this technology is actually really good
• 31:53
  and I can see potential in this business.
• 31:54
  Well, see, that kind of makes me think
• 31:56
  in terms of the whole Twitter debacle
• 31:57
  that he can turn it around.
• 31:59
  Yeah, because it's like if his, I don't know,
• 32:01
  expertise and is spotting a good business.
• 32:04
  But the point, the point in the book is that
• 32:06
  Twitter is actually sort of more about marketing and feelings
• 32:08
  than it is about rockets and science.
• 32:11
  And what Elon has really good at is streamlining supply chains
• 32:15
  and manufacturing chains.
• 32:17
  So he's got this whole way of working that's like,
• 32:20
  if you don't need that part,
• 32:21
  if that part is delaying the production line,
• 32:24
  what's that part for?
• 32:25
  Who says we need that part?
• 32:27
  If you don't need to get rid of it,
• 32:28
  he's really good at that.
• 32:30
  But you go to Twitter and it's all about,
• 32:31
  well, who gets to say what and what about free speech?
• 32:34
  And you don't get to be a troll and people are,
• 32:37
  it's just, it's different.
• 32:38
  So whether or not his skillset will actually work
• 32:41
  at Twitter remains to be saying.
• 32:43
  I don't imagine he's the most emotionally intelligent human.
• 32:46
  No.
• 32:47
  So the fact that he's trying to take over a free speech platform
• 32:51
  that's about opening up conversations,
• 32:54
  you know, I'm like, I'd love to see you running
• 32:57
  by a content company or like,
• 32:59
  well, it's like rockets and cars to put it simple,
• 33:01
  pretty similar in terms of putting stuff together
• 33:04
  and making something move.
• 33:06
  And then you've got, then you've got a media company
• 33:10
  slash platform, yeah, very different.
• 33:12
  Well, he was also K-pal though, right?
• 33:14
  So he's, he's knows about finance
• 33:16
  and complicated software systems and stuff.
• 33:18
  But when he took over Twitter, it was much more about,
• 33:21
  and it was very left, you know, very left leaning,
• 33:23
  which he has an issue with,
• 33:24
  but it's a very different place than his.
• 33:27
  What do you mean he's got an issue with left leaning?
• 33:29
  Can you elaborate on that?
• 33:30
  So part of the reason that he bought Twitter was he,
• 33:33
  kind of after COVID and all of the agitation
• 33:36
  that was happening online about,
• 33:37
  particularly in America, about restriction of free speech,
• 33:40
  but also restriction of movement
• 33:42
  because of the lockdowns.
• 33:43
  There was a lot of agitation
• 33:44
  about the government opposing controls on freedoms.
• 33:48
  And he felt that Twitter was silencing
• 33:52
  conservative voices, right wing voices.
• 33:54
  And when he went into Twitter,
• 33:55
  there was a whole investigation done by the New York Times
• 33:58
  where they found that Twitter was kind of actively working
• 34:00
  with the FBI and that they were suppressing right wing voices,
• 34:05
  but also like 98% of the donations
• 34:08
  that came out of Twitter were to Democrats.
• 34:10
  So the argument that the conservatives have
• 34:13
  is that Twitter has been silencing
• 34:15
  conservative and right wing voices,
• 34:17
  which Elon doesn't agree with.
• 34:19
  Oh, so it's all about freedom of speech.
• 34:21
  But then he, there's an instance in the book
• 34:23
  where there's a Twitter account called Muskjet.
• 34:27
  So there's like a Twitter account
• 34:28
  that follows his jet around.
• 34:30
  And it's all publicly held information
• 34:32
  because that's the flat paths and stuff.
• 34:33
  But Grimes had a stalker who figured out
• 34:36
  where she was going to be based on where the jet was
• 34:38
  and he was like shut down that jet account.
• 34:40
  And they're like, but you can't shut down that account
• 34:42
  and say that everyone else is like
• 34:43
  and bring back and say that we have to bring back Trump.
• 34:45
  He's like, but it's endangering my kid.
• 34:47
  Oh, yeah, it's a tough one.
• 34:49
  Just coming back on the whole Elon Tesla discussion.
• 34:53
  I guess how has his leadership or how does his leadership
• 34:58
  I guess kind of impacts your decision
• 35:00
  to invest or not invest in the company?
• 35:02
  Because at the end of the day, he is the driving force
• 35:05
  of Tesla.
• 35:06
  I mean, I think I would be happy to put in
• 35:09
  what I'd be happy to lose towards that.
• 35:11
  I'm not sure I would trust him with my life's savings.
• 35:15
  Yeah, he seems a bit share gray,
• 35:17
  but erratic or volatile in terms of.
• 35:19
  He's very, yeah, he's volatile.
• 35:21
  But I think that's why he's so brilliant
• 35:23
  because like this share's gone up, down like it's so extreme
• 35:26
  and so is he as a person that he probably has the ability
• 35:29
  to make huge highs, but then also holy shit,
• 35:32
  what's the logo gonna look like?
• 35:34
  So I agree.
• 35:34
  I think you want to put enough in that you're happy to lose.
• 35:37
  Totally.
• 35:38
  And how do you balance, I guess, the innovation that he brings
• 35:41
  but also like the controversies?
• 35:44
  Do you think there's a tipping point for you
• 35:45
  where you'd be like, you know what, no, I'm done with this?
• 35:49
  I'm not really interested in being in public spaces
• 35:51
  that aren't moderated, like I haven't been on Twitter
• 35:54
  for a long time because I didn't find it all that useful
• 35:58
  or pleasant actually.
• 35:59
  And so I'm not sure I agree with like suppressing
• 36:03
  right wing voices because you don't agree with them,
• 36:04
  but I do agree that you can't just troll hate
• 36:08
  and viciousness online.
• 36:09
  So I think if I don't actually know
• 36:11
  because I'm not on Twitter, but I feel like if you were allowing
• 36:14
  that to happen and that shows I kind of character
• 36:17
  that I'm not interested in investing money in.
• 36:19
  So you're more of a case of investing in him
• 36:21
  and his character than the businesses if that makes sense.
• 36:25
  Well, your question is like, what's the cutoff point?
• 36:27
  And I think for me, it would be if his view
• 36:30
  is that trolling and being vicious online
• 36:33
  and hate speech is okay to allow
• 36:35
  then that would be my cutoff point.
• 36:37
  But I wouldn't really care about how innovative you are,
• 36:39
  amazing you are, you're allowing harm online.
• 36:43
  What I love about what you just said is
• 36:45
  there's a real clear understanding of you as a person,
• 36:49
  your own values where you draw the line.
• 36:52
  And I think that's actually a really important part
• 36:54
  of ethical investing is actually just being able to see
• 36:59
  a situation or a set of values and be like,
• 37:03
  yes, I can get on with this or no, I can't.
• 37:06
  And I think what we've created with pathfinder
• 37:08
  this quiz is to find out based on your values
• 37:12
  inadvertently by answering questions like
• 37:14
  if you had a dinner, how would you pick a restaurant
• 37:17
  which sounds kind of trivial,
• 37:18
  but all of that kind of stuff,
• 37:19
  like your personality traits, feed into the way
• 37:21
  that you spend money as a consumer
• 37:23
  and then also should feed into the way
• 37:25
  that you spend money as an investor.
• 37:27
  But a lot of us, it's not connected for us
• 37:29
  for people who are listening that are like,
• 37:31
  I don't know where my cutoff point is
• 37:33
  or how I can choose whether or not I think a company
• 37:36
  is ethical and I want to invest in it.
• 37:38
  The quiz that we've created with pathfinder
• 37:40
  is a really great resource
• 37:41
  and you can find it in the link in our show notes
• 37:43
  just as an aside, sorry to interrupt the combo
• 37:45
  but I think that's a really good point that you make.
• 37:48
  It takes every day kind of situations
• 37:50
  and morphs it into a guess an outcome where it's like,
• 37:53
  okay, this is the type of investor you are,
• 37:54
  which personally, I was like, oh, good,
• 37:57
  but it's making that connection really clear
• 37:59
  which is super helpful.
• 38:00
  And I also think just giving you a chance to reflect on
• 38:04
  or what kind of investor am I, you know?
• 38:06
  I think a lot of the time, I just don't have time
• 38:09
  to sit with my values, the fact that like,
• 38:12
  it's automatic, you think that's brilliant
• 38:13
  and maybe there's some instances for you business-wise
• 38:16
  and CEO-wise where you're like, oh, I don't know
• 38:19
  and maybe I need to reflect on that internally, but yeah.
• 38:21
  I think just giving people a chance to think about
• 38:24
  what are your morals and values
• 38:26
  and are you showing up in the world in all elements
• 38:29
  in terms of the way you parent,
• 38:31
  you're a friend, a landlord and investor,
• 38:34
  all of the things, do they align with who you are as a person?
• 38:37
  You don't expect it to know this stuff
• 38:40
  but hopefully this conversation and the quiz
• 38:42
  that we've done will help direct people
• 38:44
  to start to think about it more
• 38:46
  and invest in the companies that they do want to see grow
• 38:49
  and they do want to see become bigger and better.
• 38:52
  My drop moment's soft.
• 38:53
  No, but it's a good point
• 38:54
  and I think with everything also going on in the world right now,
• 38:58
  the fact that people can actually take action
• 39:00
  and be like, you know what, no,
• 39:02
  I don't want to support this company because of XYZ
• 39:05
  or yes, I do want to support this company
• 39:07
  because of XYZ because it aligns with my values
• 39:09
  and my beliefs and what I'm passionate about
• 39:11
  and I think is just another really powerful way
• 39:16
  rather than just speaking but actually doing,
• 39:18
  I think it's another really powerful way.
• 39:20
  Well, it's also quite a good way to not feel so hopeless
• 39:23
  about it all, isn't it?
• 39:24
  Yeah, 100%.
• 39:25
  You can actually feel like you're contributing
• 39:27
  or actually moving the needle.
• 39:29
  Well, there's even things like
• 39:30
  can we say the companies are investing offshore, right?
• 39:35
  And so if you're not aware of where that money's going,
• 39:38
  then they can be investing or supporting the war
• 39:41
  without even realizing it, you know?
• 39:43
  And you just need to do your research
• 39:44
  and understand where your money's going.
• 39:47
  And not be naive and think that everyone
• 39:49
  is investing in the same way as you.
• 39:50
  Because if you're giving your money to someone else,
• 39:53
  they'll have very different values
• 39:54
  and ethics to yourself.
• 39:55
  So you need to make sure and double check
• 39:57
  that they are aligned with you.
• 39:59
  Oh, look, I feel like that we've talked to for ages.
• 40:02
  We've actually, this people won't realize this
• 40:04
  but we've done this in two parts
• 40:05
  and we all came back dressed in the same clothes.
• 40:07
  So no one can know.
• 40:09
  The magic and putty.
• 40:10
  It's magic.
• 40:11
  It was so clever.
• 40:13
  It was really cool to hear about your upbringing
• 40:15
  and like how you ended up buying property
• 40:18
  and now being a mum and your relationship dynamics
• 40:21
  and everything.
• 40:22
  And yeah, now that you're interested
• 40:24
  in investing and also investing ethically,
• 40:27
  it was really cool to talk to you.
• 40:28
  And I hope and I think a lot of people listening
• 40:31
  will have learned not only a lot from you as a person
• 40:34
  but also started to think about things a little bit differently.
• 40:36
  So hopefully.
• 40:37
  Yeah, thank you for your time.
• 40:38
  I know when you've got kids that's hard to find.
• 40:40
  Yeah, it was fun.
• 40:41
  That was fun.
• 40:43
  Thank you so much for listening to Raising the Curve.
• 40:46
  These conversations are designed to teach you everything
• 40:48
  that you need to know to be better with your money.
• 40:50
  From saving, to investing, to talking to your friends
• 40:53
  about your salaries.
• 40:54
  And if you liked what you heard, we would love it.
• 40:57
  If you could hit subscribe button, please.
• 40:59
  Yes, please.
• 40:59
  Or leave a review at our nice five seconds
• 41:03
  and it would really make our week, our year, our month.
• 41:06
  OK, lots of lots to see you soon.
• 41:07
  Bye.
• 41:10
  We are doing an ethical mini series with Pathfinder.
• 41:13
  And this is our favorite content collaboration.
• 41:15
  It's actually the second time we've done it.
• 41:17
  Vick and I are both really passionate about helping
• 41:19
  the environment and doing our bit and investing
• 41:22
  is a really powerful way to do that.
• 41:24
  Do you want to hear a crazy stance on?
• 41:26
  Yes, I do.
• 41:27
  Did you know, on average, 23% of a Kiwis carbon footprint
• 41:32
  comes from the Kiwis ever investments?
• 41:33
  It's like a quarter.
• 41:34
  Wild.
• 41:35
  Yes, so you can easily reduce your carbon footprint
• 41:38
  by switching to a climate positive Kiwis ever provider.
• 41:41
  Investing shapes the world that we live in.
• 41:43
  And investing ethically can help shape a better world.
• 41:46
  So if a more information about Pathfinder
• 41:48
  and the work that they do, you can head to Pathfinder. Kiwi.
• 41:51
  Pathfinder Acet Management Limited
• 41:53
  is the issuer of the Pathfinder Kiwis ever plan
• 41:56
  and Pathfinder Investment Funds.
• 41:58
  Product disclosure statements for their offers
• 41:59
  are available at Pathfinder. Kiwi.