Latest / Making Cents / Jobs, Mortgages, AI Investing and Extreme Saving Hacks: Your Money News Roundup

Transcript

Jobs, Mortgages, AI Investing and Extreme Saving Hacks: Your Money News Roundup · Making Cents

• 0:01
  Hey
• 0:01
  team,
• 0:02
  it's
• 0:02
  Francis.
• 0:03
  Time
• 0:03
  for
• 0:03
  a
• 0:03
  whip
• 0:04
  around
• 0:04
  the
• 0:04
  money
• 0:04
  world.
• 0:04
  The
• 0:05
  lovely
• 0:05
  Jim
• 0:05
  Mora
• 0:06
  from
• 0:06
  RNZ
• 0:06
  Sunday
• 0:07
  Mornings
• 0:07
  asked
• 0:07
  me
• 0:08
  to
• 0:08
  come
• 0:08
  on
• 0:08
  the
• 0:08
  show
• 0:08
  to
• 0:09
  talk
• 0:09
  about
• 0:09
  everything
• 0:09
  from
• 0:10
  why
• 0:10
  it's
• 0:10
  so
• 0:11
  darn
• 0:11
  hard
• 0:12
  to
• 0:12
  find
• 0:12
  a
• 0:12
  good
• 0:12
  job
• 0:13
  right
• 0:13
  now,
• 0:14
  how
• 0:14
  we
• 0:14
  can
• 0:14
  fix
• 0:14
  that
• 0:15
  if
• 0:15
  we're
• 0:15
  job
• 0:15
  hunting,
• 0:16
  to
• 0:16
  also
• 0:17
  what's
• 0:17
  going
• 0:17
  on
• 0:17
  with
• 0:17
  mortgage
• 0:18
  rates,
• 0:18
  whether
• 0:19
  or
• 0:19
  not
• 0:19
  it's
• 0:19
  a
• 0:19
  good
• 0:19
  idea
• 0:20
  to
• 0:20
  invest
• 0:20
  in
• 0:20
  AI,
• 0:21
  and
• 0:21
  even
• 0:22
  whether
• 0:22
  it's
• 0:22
  a
• 0:22
  good
• 0:22
  budget
• 0:23
  hack
• 0:23
  to
• 0:23
  nick
• 0:23
  the
• 0:24
  soap
• 0:24
  from
• 0:24
  your
• 0:24
  hotel.
• 0:25
  Wide,
• 0:26
  varied,
• 0:26
  and
• 0:27
  as
• 0:27
  always,
• 0:27
  a
• 0:27
  delight
• 0:28
  to
• 0:28
  chat
• 0:28
  with
• 0:28
  Jim,
• 0:29
  his
• 0:29
  team
• 0:30
  have
• 0:30
  kindly
• 0:30
  said
• 0:30
  I
• 0:30
  can
• 0:30
  post
• 0:31
  that
• 0:31
  conversation
• 0:31
  here
• 0:31
  too.
• 0:32
  So
• 0:32
  here
• 0:32
  you
• 0:33
  go.
• 0:33
  Enjoy
• 0:33
  our
• 0:33
  latest
• 0:34
  take
• 0:34
  on
• 0:34
  the
• 0:34
  top
• 0:35
  money
• 0:35
  news.
• 0:42
  Frances
• 0:42
  Cook
• 0:43
  is
• 0:43
  an
• 0:43
  independent
• 0:43
  financial
• 0:44
  commentator,
• 0:44
  the
• 0:45
  former
• 0:45
  Business
• 0:45
  Desk
• 0:46
  Investments
• 0:46
  editor.
• 0:47
  She
• 0:47
  hosts
• 0:47
  the
• 0:47
  Making
• 0:48
  Sense
• 0:48
  podcast
• 0:49
  and
• 0:50
  is
• 0:50
  the
• 0:50
  author
• 0:50
  of
• 0:51
  the
• 0:51
  bestselling
• 0:51
  book
• 0:51
  youk
• 0:52
  Money,
• 0:52
  you,
• 0:52
  Future.
• 0:52
  Kia
• 0:53
  ora.
• 0:53
  Frances,
• 0:53
  good
• 0:54
  morning.
• 0:54
  Good
• 0:54
  morning.
• 0:55
  Thank
• 0:55
  you
• 0:55
  for
• 0:55
  having
• 0:55
  me.
• 0:57
  Jobs
• 0:57
  first
• 0:57
  of
• 0:58
  all,
• 0:58
  the
• 0:58
  data
• 0:59
  have
• 0:59
  gone
• 0:59
  soft
• 1:00
  again.
• 1:00
  Employment
• 1:01
  confidence
• 1:02
  I
• 1:02
  saw
• 1:02
  this
• 1:02
  past
• 1:03
  week
• 1:03
  down
• 1:03
  to
• 1:04
  its
• 1:04
  lowest
• 1:04
  level
• 1:04
  ever
• 1:05
  in
• 1:05
  June,
• 1:06
  60%
• 1:06
  of
• 1:07
  people
• 1:07
  saying
• 1:07
  it's
• 1:07
  hard
• 1:07
  to
• 1:08
  find
• 1:08
  work
• 1:08
  compared
• 1:08
  with
• 1:08
  46%
• 1:09
  previously.
• 1:11
  You've
• 1:11
  seen
• 1:11
  this
• 1:12
  on
• 1:12
  platforms
• 1:12
  like
• 1:13
  Reddit
• 1:13
  as
• 1:13
  well.
• 1:14
  Oh
• 1:14
  yeah,
• 1:14
  absolutely.
• 1:15
  I
• 1:15
  think
• 1:15
  we
• 1:16
  see
• 1:16
  it
• 1:16
  in
• 1:16
  the
• 1:16
  stats.
• 1:17
  We
• 1:17
  also
• 1:17
  see
• 1:17
  it
• 1:17
  in
• 1:17
  how
• 1:17
  people
• 1:18
  are
• 1:18
  feeling.
• 1:18
  We
• 1:18
  see
• 1:19
  it
• 1:19
  in
• 1:19
  the
• 1:19
  chatter.
• 1:19
  It's
• 1:20
  both
• 1:20
  anecdotes
• 1:20
  and
• 1:21
  data.
• 1:21
  I
• 1:21
  mean,
• 1:22
  I
• 1:22
  hate
• 1:22
  coming
• 1:22
  in
• 1:23
  people
• 1:23
  being
• 1:23
  the
• 1:23
  bad
• 1:24
  news
• 1:24
  fairy,
• 1:24
  but
• 1:24
  I
• 1:25
  mean,
• 1:25
  let's
• 1:25
  get
• 1:25
  the
• 1:25
  grim
• 1:26
  stuff
• 1:26
  out
• 1:26
  of
• 1:27
  the
• 1:27
  way
• 1:27
  before
• 1:27
  we
• 1:27
  get
• 1:27
  into
• 1:28
  some
• 1:28
  solutions
• 1:29
  because
• 1:29
  it
• 1:29
  is,
• 1:30
  it's
• 1:31
  a
• 1:31
  really
• 1:31
  rough
• 1:32
  job
• 1:32
  market
• 1:33
  out
• 1:33
  there.
• 1:33
  And
• 1:33
  unfortunately,
• 1:34
  if
• 1:34
  you're
• 1:35
  in
• 1:35
  some
• 1:35
  of
• 1:35
  those
• 1:36
  main
• 1:36
  centers,
• 1:37
  places
• 1:38
  like
• 1:38
  Auckland
• 1:38
  and
• 1:38
  Wellington,
• 1:39
  it's
• 1:39
  actually
• 1:39
  even
• 1:40
  worse
• 1:41
  than
• 1:41
  the
• 1:42
  official
• 1:42
  stats.
• 1:43
  Those
• 1:43
  bigger
• 1:44
  cities
• 1:44
  are
• 1:44
  running
• 1:45
  above
• 1:45
  the
• 1:45
  official
• 1:46
  unemployment
• 1:47
  rate,
• 1:48
  which
• 1:48
  is
• 1:48
  of
• 1:48
  course
• 1:48
  really
• 1:49
  tough
• 1:49
  because
• 1:50
  those
• 1:50
  are
• 1:50
  expensive
• 1:51
  places
• 1:51
  to
• 1:51
  live.
• 1:52
  And
• 1:53
  if
• 1:53
  you're
• 1:53
  young,
• 1:54
  it's
• 1:54
  also
• 1:54
  really
• 1:54
  brutal.
• 1:55
  The
• 1:55
  youth
• 1:55
  unemployment
• 1:56
  is
• 1:57
  quite
• 1:57
  high.
• 1:58
  There
• 1:58
  is
• 1:58
  actually
• 1:59
  the
• 1:59
  good
• 1:59
  thing
• 2:00
  about
• 2:00
  times
• 2:01
  like
• 2:01
  this,
• 2:01
  there's
• 2:02
  a
• 2:02
  lot
• 2:02
  of
• 2:02
  free
• 2:02
  qualifications.
• 2:03
  You
• 2:04
  can
• 2:04
  also
• 2:04
  find
• 2:05
  people
• 2:06
  are
• 2:06
  still
• 2:06
  looking
• 2:06
  for
• 2:07
  those
• 2:07
  higher
• 2:07
  qualifications,
• 2:08
  be
• 2:09
  it
• 2:09
  health
• 2:10
  and
• 2:10
  safety
• 2:10
  certifications,
• 2:11
  be
• 2:12
  it
• 2:12
  experience
• 2:12
  in
• 2:13
  AI,
• 2:14
  be
• 2:14
  it
• 2:14
  whatever
• 2:15
  else.
• 2:15
  You
• 2:15
  know
• 2:16
  they
• 2:16
  are
• 2:16
  looking
• 2:16
  for
• 2:16
  something
• 2:17
  else
• 2:17
  to
• 2:17
  have
• 2:17
  a
• 2:17
  little
• 2:18
  think
• 2:18
  about
• 2:18
  what
• 2:18
  you
• 2:19
  could
• 2:19
  do
• 2:20
  to
• 2:20
  just
• 2:20
  tack
• 2:20
  a
• 2:21
  little
• 2:21
  extra
• 2:21
  qualification,
• 2:22
  a
• 2:22
  little
• 2:23
  extra
• 2:23
  experience
• 2:24
  on
• 2:24
  top.
• 2:25
  And
• 2:26
  you
• 2:26
  can
• 2:26
  find
• 2:26
  some
• 2:27
  amazing
• 2:27
  things
• 2:27
  for
• 2:28
  free
• 2:28
  out
• 2:28
  there.
• 2:28
  Sites
• 2:29
  like
• 2:29
  HubSpot
• 2:30
  or
• 2:30
  Coursera
• 2:31
  have
• 2:32
  great
• 2:33
  extra
• 2:33
  certifications
• 2:34
  you
• 2:34
  can
• 2:34
  get
• 2:34
  for
• 2:34
  free.
• 2:35
  So
• 2:35
  that
• 2:36
  is
• 2:36
  something
• 2:36
  to
• 2:36
  consider
• 2:37
  to
• 2:37
  just
• 2:37
  try
• 2:37
  and
• 2:37
  give
• 2:38
  yourself
• 2:38
  that
• 2:38
  little
• 2:38
  edge
• 2:38
  in
• 2:39
  A
• 2:39
  tough
• 2:39
  market.
• 2:40
  I
• 2:40
  think
• 2:41
  something
• 2:41
  to
• 2:41
  know
• 2:42
  is
• 2:42
  if
• 2:42
  you
• 2:43
  are
• 2:43
  currently
• 2:43
  employed
• 2:44
  but
• 2:44
  you're
• 2:44
  a
• 2:45
  little
• 2:45
  worried
• 2:45
  about
• 2:46
  your
• 2:47
  future
• 2:47
  or
• 2:47
  how
• 2:47
  the
• 2:48
  business
• 2:48
  is
• 2:48
  going
• 2:48
  and
• 2:49
  maybe
• 2:49
  they
• 2:50
  might
• 2:50
  be
• 2:50
  looking
• 2:50
  at
• 2:51
  letting
• 2:51
  people
• 2:51
  go.
• 2:52
  Something
• 2:53
  that
• 2:53
  is
• 2:53
  an
• 2:53
  unfortunate
• 2:54
  reality
• 2:54
  is
• 2:55
  the
• 2:55
  people
• 2:55
  who
• 2:55
  get
• 2:55
  protected
• 2:56
  at
• 2:56
  tough
• 2:56
  times
• 2:57
  are
• 2:57
  not
• 2:57
  necessarily
• 2:58
  the
• 2:58
  most
• 2:59
  talented
• 2:59
  people.
• 3:00
  They're
• 3:00
  the
• 3:00
  ones
• 3:01
  where
• 3:02
  their
• 3:02
  value
• 3:03
  is
• 3:03
  most
• 3:04
  visible.
• 3:05
  So
• 3:05
  you
• 3:05
  really
• 3:05
  want
• 3:06
  to
• 3:06
  be
• 3:06
  proactively
• 3:07
  getting
• 3:07
  in
• 3:07
  touch
• 3:07
  with
• 3:08
  your
• 3:08
  boss,
• 3:09
  letting
• 3:09
  them
• 3:09
  know
• 3:09
  what
• 3:10
  you've
• 3:10
  been
• 3:10
  up
• 3:10
  to,
• 3:10
  letting
• 3:11
  them
• 3:11
  know
• 3:11
  what
• 3:11
  wins
• 3:12
  you've
• 3:12
  been
• 3:13
  doing
• 3:13
  for
• 3:13
  them.
• 3:13
  And
• 3:14
  then
• 3:15
  if
• 3:15
  you
• 3:15
  have
• 3:16
  been
• 3:16
  using
• 3:16
  any
• 3:17
  downtime
• 3:17
  to
• 3:18
  upskill
• 3:19
  yourself,
• 3:20
  try
• 3:20
  new
• 3:20
  projects
• 3:21
  that
• 3:21
  you
• 3:21
  think
• 3:21
  could
• 3:22
  help
• 3:22
  the
• 3:22
  team.
• 3:23
  Talk
• 3:23
  to
• 3:23
  your
• 3:24
  boss
• 3:24
  about
• 3:24
  that
• 3:24
  too.
• 3:25
  Say,
• 3:25
  hey,
• 3:25
  I
• 3:26
  know
• 3:26
  everyone
• 3:26
  has
• 3:27
  been
• 3:27
  talking
• 3:27
  about
• 3:28
  this
• 3:28
  new
• 3:29
  area
• 3:29
  of
• 3:29
  the
• 3:29
  company.
• 3:30
  We
• 3:30
  haven't
• 3:31
  really
• 3:31
  tried
• 3:32
  that
• 3:32
  out
• 3:33
  recently.
• 3:34
  Here's
• 3:34
  a
• 3:35
  way
• 3:35
  that
• 3:35
  I
• 3:35
  think
• 3:35
  I
• 3:36
  often
• 3:36
  have
• 3:36
  a
• 3:36
  couple
• 3:37
  of
• 3:37
  hours
• 3:37
  in
• 3:37
  the
• 3:37
  afternoon
• 3:38
  where
• 3:38
  I
• 3:38
  could
• 3:39
  be
• 3:39
  trying
• 3:40
  that
• 3:40
  out
• 3:40
  and
• 3:41
  seeing
• 3:41
  if
• 3:41
  that
• 3:41
  could
• 3:41
  help
• 3:42
  our
• 3:42
  company
• 3:42
  get
• 3:42
  ahead.
• 3:43
  Would
• 3:43
  you
• 3:44
  like
• 3:44
  me
• 3:44
  to?
• 3:45
  And
• 3:45
  I
• 3:45
  think
• 3:46
  things
• 3:46
  like
• 3:46
  that
• 3:47
  can
• 3:47
  be
• 3:48
  really
• 3:48
  valuable
• 3:49
  at
• 3:49
  a
• 3:49
  time
• 3:50
  like
• 3:50
  this.
• 3:50
  Stay
• 3:51
  visible,
• 3:51
  stay
• 3:52
  obviously
• 3:52
  valuable.
• 3:53
  Look,
• 3:54
  at
• 3:54
  the
• 3:54
  same
• 3:54
  time
• 3:54
  as
• 3:55
  all
• 3:55
  this
• 3:55
  is
• 3:55
  going
• 3:55
  on,
• 3:55
  Frances,
• 3:56
  local
• 3:56
  businesses
• 3:57
  in
• 3:58
  specialized
• 3:58
  niches
• 3:59
  are
• 3:59
  still
• 3:59
  struggling
• 4:00
  to
• 4:00
  find
• 4:01
  suitable
• 4:02
  applicants.
• 4:03
  So
• 4:03
  what's
• 4:03
  happening
• 4:04
  here?
• 4:04
  I
• 4:05
  know
• 4:05
  it's
• 4:05
  a
• 4:05
  really
• 4:06
  strange,
• 4:06
  I
• 4:07
  mean
• 4:07
  the,
• 4:07
  the
• 4:07
  money
• 4:07
  world
• 4:08
  in
• 4:08
  general
• 4:08
  is
• 4:09
  so
• 4:10
  split
• 4:10
  right
• 4:11
  now
• 4:11
  and
• 4:11
  it's
• 4:11
  certainly
• 4:12
  showing
• 4:12
  up
• 4:12
  in
• 4:13
  the
• 4:13
  job
• 4:13
  market
• 4:14
  because
• 4:14
  you've
• 4:14
  got
• 4:14
  some
• 4:15
  areas
• 4:15
  running
• 4:16
  hot
• 4:16
  and
• 4:16
  they
• 4:17
  just
• 4:17
  absolutely
• 4:17
  cannot
• 4:18
  find
• 4:18
  people
• 4:19
  seek,
• 4:20
  put
• 4:20
  out
• 4:21
  some
• 4:21
  really
• 4:21
  interesting
• 4:22
  stats
• 4:23
  on
• 4:23
  what
• 4:23
  they're
• 4:24
  seeing
• 4:24
  in
• 4:24
  the
• 4:24
  job
• 4:25
  world.
• 4:25
  And
• 4:26
  actually
• 4:26
  job
• 4:26
  ads
• 4:27
  are
• 4:27
  up
• 4:27
  13%
• 4:29
  year
• 4:29
  on
• 4:29
  year
• 4:30
  overall
• 4:30
  across
• 4:31
  the
• 4:31
  country.
• 4:31
  So
• 4:32
  it's
• 4:32
  not
• 4:33
  that
• 4:33
  we've
• 4:33
  got
• 4:33
  a
• 4:34
  deep
• 4:34
  dead
• 4:34
  job
• 4:35
  market,
• 4:35
  it's
• 4:36
  that
• 4:36
  it's
• 4:36
  a
• 4:36
  really
• 4:37
  picky
• 4:38
  one.
• 4:38
  So
• 4:39
  I
• 4:39
  think
• 4:39
  it's
• 4:40
  really
• 4:40
  worthwhile
• 4:41
  looking
• 4:41
  at
• 4:41
  where
• 4:41
  the
• 4:41
  growth
• 4:42
  actually
• 4:42
  is
• 4:43
  and
• 4:43
  being
• 4:43
  ready
• 4:43
  to
• 4:44
  think
• 4:44
  a
• 4:44
  little
• 4:44
  sideways
• 4:45
  of,
• 4:45
  you
• 4:45
  know,
• 4:46
  maybe
• 4:46
  I've
• 4:46
  always
• 4:47
  done
• 4:47
  this,
• 4:47
  but
• 4:48
  actually
• 4:48
  I
• 4:48
  think
• 4:49
  my
• 4:49
  skills
• 4:49
  could
• 4:50
  work
• 4:50
  for
• 4:51
  that.
• 4:52
  You
• 4:52
  know,
• 4:52
  some
• 4:52
  of
• 4:52
  the
• 4:52
  areas
• 4:53
  that
• 4:53
  they're
• 4:53
  seeing
• 4:54
  really
• 4:54
  in
• 4:54
  demand
• 4:55
  jobs
• 4:55
  is
• 4:57
  it's
• 4:57
  a
• 4:58
  really
• 4:58
  wide
• 4:58
  mix.
• 4:59
  Automation,
• 5:00
  engineers,
• 5:00
  salespeople,
• 5:01
  truck
• 5:01
  drivers,
• 5:03
  H
• 5:03
  VAC
• 5:03
  technicians,
• 5:04
  engineering.
• 5:05
  There's
• 5:06
  a
• 5:06
  lot
• 5:06
  of
• 5:07
  the
• 5:07
  physical
• 5:08
  jobs,
• 5:08
  so
• 5:08
  trades,
• 5:09
  construction,
• 5:10
  logistics,
• 5:11
  someone
• 5:11
  who
• 5:12
  has
• 5:12
  to
• 5:12
  be
• 5:12
  there.
• 5:13
  You
• 5:13
  need
• 5:13
  a
• 5:13
  warm
• 5:13
  body
• 5:14
  to
• 5:14
  do
• 5:14
  the
• 5:14
  job
• 5:15
  so
• 5:16
  can
• 5:16
  be
• 5:16
  done
• 5:17
  for
• 5:17
  quite
• 5:18
  a
• 5:18
  good
• 5:18
  pay
• 5:18
  rate
• 5:19
  and
• 5:19
  can't
• 5:19
  be
• 5:20
  done
• 5:20
  by
• 5:20
  a
• 5:20
  machine.
• 5:21
  What
• 5:21
  we're
• 5:21
  really
• 5:22
  not
• 5:22
  seeing
• 5:22
  is
• 5:22
  anything
• 5:23
  in
• 5:23
  hospitality
• 5:23
  or
• 5:24
  retail
• 5:24
  or
• 5:25
  marketing
• 5:25
  and
• 5:25
  customer
• 5:26
  service.
• 5:26
  So
• 5:27
  those
• 5:27
  are
• 5:27
  Very
• 5:27
  much
• 5:28
  not
• 5:28
  happening.
• 5:28
  But
• 5:29
  I
• 5:29
  think
• 5:30
  what
• 5:30
  we're
• 5:30
  seeing
• 5:30
  is
• 5:30
  a
• 5:30
  job
• 5:30
  market
• 5:31
  that
• 5:31
  isn't
• 5:31
  necessarily
• 5:32
  broken,
• 5:33
  it's
• 5:33
  just
• 5:33
  really
• 5:34
  moved.
• 5:35
  And
• 5:35
  so
• 5:35
  for
• 5:35
  anyone
• 5:36
  who
• 5:36
  is
• 5:36
  job
• 5:36
  hunting
• 5:37
  right
• 5:37
  now,
• 5:37
  it's
• 5:38
  worth
• 5:38
  looking
• 5:38
  at
• 5:39
  where
• 5:39
  those
• 5:40
  job
• 5:40
  listings
• 5:40
  have
• 5:41
  moved
• 5:41
  to.
• 5:42
  A
• 5:42
  lot
• 5:42
  of
• 5:43
  employers
• 5:43
  actually
• 5:44
  want
• 5:44
  someone
• 5:44
  who
• 5:44
  can
• 5:44
  hit
• 5:45
  the
• 5:45
  ground
• 5:45
  running.
• 5:46
  However,
• 5:47
  if
• 5:47
  you
• 5:47
  are
• 5:48
  someone
• 5:48
  who
• 5:48
  has
• 5:49
  a
• 5:49
  really
• 5:49
  good
• 5:49
  track
• 5:50
  history
• 5:50
  of
• 5:50
  working
• 5:51
  hard,
• 5:51
  applying
• 5:52
  yourself,
• 5:53
  not
• 5:53
  needing
• 5:54
  much
• 5:54
  management,
• 5:54
  just
• 5:55
  getting
• 5:55
  on
• 5:55
  with
• 5:55
  it
• 5:55
  and
• 5:56
  getting
• 5:56
  the
• 5:56
  job
• 5:56
  done,
• 5:57
  really
• 5:58
  emphasize
• 5:58
  that,
• 5:58
  because
• 5:59
  that
• 5:59
  sort
• 5:59
  of
• 5:59
  thing
• 6:00
  is
• 6:00
  gold.
• 6:00
  That
• 6:00
  is
• 6:00
  the
• 6:01
  sort
• 6:01
  of
• 6:01
  thing
• 6:01
  that
• 6:01
  businesses
• 6:02
  really
• 6:02
  do
• 6:03
  value.
• 6:04
  But
• 6:04
  as
• 6:04
  well,
• 6:05
  if
• 6:05
  you
• 6:05
  are
• 6:05
  noticing
• 6:06
  that
• 6:06
  people
• 6:06
  are
• 6:07
  asking
• 6:07
  for
• 6:07
  a
• 6:07
  certain
• 6:08
  skill
• 6:08
  a
• 6:08
  lot
• 6:09
  and
• 6:09
  you
• 6:09
  know
• 6:09
  you
• 6:09
  don't
• 6:10
  have
• 6:10
  it,
• 6:10
  rather
• 6:11
  than
• 6:11
  going
• 6:11
  into
• 6:11
  a
• 6:12
  job
• 6:12
  market
• 6:12
  where
• 6:13
  there
• 6:13
  are
• 6:14
  many
• 6:14
  applicants,
• 6:15
  hundreds
• 6:16
  of
• 6:16
  people
• 6:16
  sometimes
• 6:17
  going
• 6:17
  for
• 6:17
  the
• 6:17
  same
• 6:17
  job.
• 6:18
  The
• 6:18
  problem
• 6:18
  is
• 6:19
  if
• 6:19
  you're
• 6:19
  going
• 6:19
  up
• 6:19
  against
• 6:20
  the
• 6:20
  perfect
• 6:20
  candidate,
• 6:20
  then
• 6:21
  of
• 6:21
  course
• 6:21
  they're
• 6:21
  going
• 6:21
  to
• 6:21
  take
• 6:22
  someone
• 6:22
  who
• 6:22
  can
• 6:23
  just
• 6:23
  start
• 6:23
  straight
• 6:23
  away
• 6:24
  rather
• 6:24
  than
• 6:24
  training.
• 6:25
  So
• 6:25
  if
• 6:25
  you're
• 6:26
  noticing
• 6:26
  a
• 6:26
  gap
• 6:27
  coming
• 6:27
  up
• 6:27
  a
• 6:27
  lot,
• 6:28
  just
• 6:28
  look
• 6:28
  around,
• 6:29
  see
• 6:30
  where
• 6:30
  you
• 6:30
  can
• 6:30
  find.
• 6:31
  There
• 6:31
  are
• 6:31
  so
• 6:32
  many
• 6:33
  various
• 6:34
  free
• 6:34
  ways
• 6:35
  to
• 6:35
  upskill
• 6:36
  on
• 6:36
  these
• 6:37
  skills.
• 6:37
  You
• 6:37
  know,
• 6:37
  even
• 6:38
  if
• 6:38
  it's
• 6:38
  something
• 6:38
  like
• 6:38
  AI.
• 6:39
  I
• 6:39
  know
• 6:39
  people
• 6:39
  have
• 6:40
  mixed
• 6:40
  feelings
• 6:40
  on
• 6:41
  AI,
• 6:41
  but
• 6:42
  at
• 6:42
  the
• 6:42
  end
• 6:42
  of
• 6:42
  the
• 6:42
  day,
• 6:42
  you
• 6:43
  got
• 6:43
  to
• 6:43
  get
• 6:43
  paid,
• 6:43
  you
• 6:44
  got
• 6:44
  to
• 6:44
  keep
• 6:44
  a
• 6:44
  roof
• 6:44
  over
• 6:44
  your
• 6:45
  head.
• 6:45
  Getting
• 6:45
  upskilled
• 6:46
  on
• 6:46
  these
• 6:46
  areas
• 6:47
  that
• 6:47
  employers
• 6:47
  want
• 6:48
  can
• 6:48
  be
• 6:49
  really
• 6:49
  important.
• 6:50
  You
• 6:50
  know,
• 6:50
  if
• 6:50
  we
• 6:50
  go
• 6:51
  back
• 6:51
  to
• 6:51
  even
• 6:51
  just
• 6:52
  looking
• 6:52
  at
• 6:52
  that
• 6:52
  seek
• 6:52
  data
• 6:53
  that
• 6:53
  I
• 6:53
  pulled
• 6:53
  out
• 6:54
  before
• 6:54
  and
• 6:55
  AI
• 6:55
  mentions
• 6:55
  and
• 6:56
  job
• 6:56
  ads
• 6:56
  are
• 6:57
  up
• 6:57
  143%
• 6:59
  in
• 6:59
  the
• 6:59
  last
• 6:59
  year
• 6:59
  now,
• 7:00
  that
• 7:00
  is
• 7:00
  pretty
• 7:00
  big.
• 7:01
  They're
• 7:01
  up
• 7:02
  500%
• 7:03
  over
• 7:03
  what
• 7:04
  they
• 7:04
  were
• 7:04
  in
• 7:04
  2019,
• 7:05
  which
• 7:05
  sounds
• 7:05
  huge,
• 7:06
  right?
• 7:07
  Here's
• 7:07
  the
• 7:07
  thing
• 7:07
  with
• 7:08
  big
• 7:08
  percentages,
• 7:09
  it's
• 7:09
  really
• 7:09
  easy
• 7:10
  to
• 7:10
  have
• 7:10
  a
• 7:10
  big
• 7:11
  percentage
• 7:11
  jump
• 7:12
  when
• 7:12
  you
• 7:12
  started
• 7:12
  from
• 7:13
  a
• 7:13
  small
• 7:13
  number,
• 7:15
  right?
• 7:16
  We've
• 7:16
  all
• 7:16
  had
• 7:16
  people
• 7:17
  try
• 7:17
  and
• 7:17
  pull
• 7:17
  this
• 7:17
  over
• 7:18
  us
• 7:18
  when
• 7:18
  we're
• 7:18
  working
• 7:18
  in
• 7:19
  media
• 7:19
  where
• 7:20
  you
• 7:20
  have
• 7:20
  one
• 7:20
  of
• 7:20
  something
• 7:21
  and
• 7:21
  then
• 7:21
  one
• 7:21
  more
• 7:22
  100%
• 7:23
  jump,
• 7:23
  you
• 7:24
  have
• 7:24
  to
• 7:24
  be
• 7:24
  careful
• 7:25
  with
• 7:25
  percentages.
• 7:26
  When
• 7:27
  we
• 7:27
  look
• 7:27
  at
• 7:27
  what's
• 7:28
  actually
• 7:28
  in
• 7:29
  the
• 7:29
  job
• 7:29
  Data
• 7:30
  Right
• 7:30
  now,
• 7:31
  AI
• 7:31
  is
• 7:31
  mentioned
• 7:32
  in
• 7:32
  just
• 7:33
  2.9%
• 7:34
  of
• 7:34
  job
• 7:34
  ads.
• 7:35
  It
• 7:35
  is
• 7:35
  ramping
• 7:36
  up.
• 7:36
  It
• 7:36
  is
• 7:37
  going
• 7:37
  to
• 7:37
  get
• 7:37
  bigger.
• 7:37
  It's
• 7:38
  not
• 7:38
  everywhere
• 7:39
  yet.
• 7:39
  So
• 7:40
  I
• 7:40
  think
• 7:40
  there's
• 7:40
  two
• 7:40
  smart
• 7:41
  plays.
• 7:41
  If
• 7:41
  you
• 7:41
  really
• 7:42
  hate
• 7:42
  AI
• 7:42
  and
• 7:43
  you
• 7:43
  really
• 7:43
  think,
• 7:43
  I
• 7:44
  don't
• 7:44
  want
• 7:44
  to
• 7:44
  be
• 7:44
  anywhere
• 7:44
  near
• 7:45
  it,
• 7:45
  time
• 7:46
  to
• 7:46
  start
• 7:46
  targeting
• 7:47
  those
• 7:47
  industries
• 7:48
  that
• 7:48
  need
• 7:48
  warm
• 7:49
  bodies,
• 7:49
  need
• 7:49
  people
• 7:51
  where
• 7:51
  you're
• 7:51
  less
• 7:51
  likely
• 7:52
  to
• 7:52
  be
• 7:53
  replaced
• 7:53
  by
• 7:54
  algorithms
• 7:55
  and
• 7:55
  AI
• 7:56
  and
• 7:56
  all
• 7:56
  that
• 7:56
  sort
• 7:56
  of
• 7:56
  stuff.
• 7:57
  Meanwhile,
• 7:57
  if
• 7:58
  you're
• 7:58
  someone
• 7:58
  who's
• 7:58
  always
• 7:59
  worked
• 7:59
  a
• 7:59
  desk
• 7:59
  job,
• 8:00
  you're
• 8:00
  going
• 8:00
  to
• 8:00
  be
• 8:01
  asked
• 8:01
  to
• 8:01
  work
• 8:01
  with
• 8:01
  AI
• 8:02
  and
• 8:02
  it's
• 8:03
  going
• 8:03
  to
• 8:03
  be
• 8:04
  easier
• 8:05
  to
• 8:05
  start
• 8:05
  to
• 8:05
  get
• 8:06
  some
• 8:06
  of
• 8:06
  those
• 8:06
  AI
• 8:06
  skills
• 8:07
  on
• 8:07
  board
• 8:07
  now
• 8:08
  while
• 8:08
  it's
• 8:08
  new.
• 8:09
  While
• 8:09
  people
• 8:09
  don't
• 8:10
  expect
• 8:10
  you
• 8:10
  to
• 8:10
  be
• 8:11
  that
• 8:11
  great
• 8:11
  at
• 8:11
  it
• 8:11
  while
• 8:12
  everyone's
• 8:12
  still
• 8:12
  figuring
• 8:13
  it
• 8:13
  out.
• 8:13
  There's
• 8:13
  a
• 8:14
  grace
• 8:14
  period
• 8:14
  at
• 8:15
  the
• 8:15
  beginning
• 8:15
  when
• 8:15
  you're
• 8:16
  learning
• 8:16
  and
• 8:16
  I
• 8:16
  think
• 8:17
  just
• 8:18
  sort
• 8:18
  of
• 8:18
  being
• 8:19
  pragmatic
• 8:20
  and
• 8:20
  embracing
• 8:20
  that
• 8:20
  grace
• 8:21
  period
• 8:21
  and
• 8:21
  figuring
• 8:22
  out
• 8:22
  what's
• 8:22
  a
• 8:22
  smart
• 8:23
  use,
• 8:23
  what
• 8:23
  makes
• 8:23
  my
• 8:24
  life
• 8:24
  easier,
• 8:24
  what
• 8:25
  doesn't.
• 8:25
  I
• 8:26
  just
• 8:26
  think
• 8:26
  it's
• 8:27
  a
• 8:27
  smart
• 8:27
  use
• 8:27
  of
• 8:28
  time.
• 8:28
  Francis
• 8:29
  Cook
• 8:29
  is
• 8:29
  with
• 8:29
  us
• 8:29
  from
• 8:30
  the
• 8:30
  Making
• 8:30
  Sense
• 8:31
  podcast.
• 8:31
  You've
• 8:31
  got
• 8:32
  research
• 8:32
  on
• 8:32
  what
• 8:32
  we're
• 8:32
  buying
• 8:33
  online.
• 8:34
  Yes,
• 8:34
  and
• 8:34
  this
• 8:35
  is
• 8:35
  some
• 8:35
  really
• 8:36
  interesting
• 8:36
  research
• 8:36
  that
• 8:37
  was
• 8:37
  put
• 8:37
  out
• 8:37
  by
• 8:37
  the
• 8:37
  Global
• 8:38
  Fintech
• 8:38
  Revolute
• 8:39
  and
• 8:40
  they
• 8:40
  found
• 8:41
  this
• 8:42
  is
• 8:42
  specifically
• 8:42
  New
• 8:43
  Zealanders,
• 8:44
  61%
• 8:45
  of
• 8:45
  us
• 8:45
  bought
• 8:46
  something
• 8:46
  off
• 8:47
  social
• 8:47
  media
• 8:47
  in
• 8:47
  the
• 8:48
  last
• 8:48
  month
• 8:48
  and
• 8:49
  then
• 8:49
  44%
• 8:50
  of
• 8:50
  us
• 8:51
  had
• 8:52
  regret
• 8:53
  over
• 8:53
  that.
• 8:54
  Nearly
• 8:55
  a
• 8:55
  third
• 8:55
  of
• 8:55
  us
• 8:56
  spending
• 8:57
  quite
• 8:58
  a
• 8:58
  bit
• 8:58
  between
• 8:58
  25
• 8:59
  to
• 8:59
  $500
• 9:00
  a
• 9:01
  month
• 9:01
  in
• 9:01
  that
• 9:02
  way.
• 9:03
  And
• 9:03
  Gen
• 9:03
  Z
• 9:04
  saying
• 9:04
  social
• 9:05
  media
• 9:05
  ads,
• 9:05
  blowing
• 9:06
  their
• 9:06
  budget
• 9:06
  entirely.
• 9:07
  And
• 9:08
  it's
• 9:08
  quite
• 9:08
  easy
• 9:09
  to
• 9:09
  look
• 9:09
  at
• 9:09
  that
• 9:09
  and
• 9:09
  say,
• 9:10
  ah,
• 9:10
  young
• 9:10
  people,
• 9:10
  so
• 9:11
  silly.
• 9:11
  There
• 9:12
  are
• 9:12
  these
• 9:12
  things
• 9:12
  called
• 9:13
  dark
• 9:13
  patterns
• 9:14
  which
• 9:14
  are
• 9:15
  totally
• 9:16
  legal
• 9:16
  but
• 9:17
  manipulative
• 9:18
  tactics
• 9:18
  built
• 9:19
  into
• 9:20
  modern
• 9:20
  online
• 9:21
  shopping.
• 9:22
  So
• 9:22
  if
• 9:22
  you've
• 9:22
  ever
• 9:23
  seen
• 9:23
  a
• 9:24
  countdown
• 9:24
  timer
• 9:25
  on
• 9:25
  a
• 9:25
  checkout
• 9:26
  page
• 9:27
  or
• 9:28
  if
• 9:28
  you've
• 9:28
  tried
• 9:29
  to
• 9:29
  cancel
• 9:29
  something
• 9:30
  and
• 9:30
  it's
• 9:30
  buried
• 9:31
  under
• 9:32
  six,
• 9:32
  click
• 9:32
  through
• 9:33
  screens
• 9:33
  of
• 9:34
  are
• 9:34
  you
• 9:34
  sure?
• 9:35
  And
• 9:36
  do
• 9:36
  you
• 9:36
  really
• 9:36
  want
• 9:37
  to
• 9:37
  give
• 9:37
  up
• 9:37
  on
• 9:38
  the
• 9:38
  best
• 9:38
  thing
• 9:38
  that's
• 9:39
  ever
• 9:39
  happened
• 9:39
  to
• 9:39
  you?
• 9:41
  Really
• 9:41
  manipulative
• 9:42
  tactics
• 9:43
  pre
• 9:43
  ticked
• 9:43
  boxes
• 9:44
  that
• 9:44
  add
• 9:44
  extras
• 9:45
  to
• 9:45
  your
• 9:45
  cart.
• 9:46
  These
• 9:46
  are
• 9:47
  dark
• 9:47
  patterns
• 9:48
  and
• 9:48
  the
• 9:48
  equivalent
• 9:49
  if
• 9:49
  you
• 9:50
  went
• 9:50
  into
• 9:51
  a
• 9:51
  shop
• 9:52
  just
• 9:52
  to
• 9:53
  have
• 9:53
  a
• 9:53
  little
• 9:53
  browse
• 9:53
  around
• 9:54
  and
• 9:54
  then
• 9:54
  tried
• 9:54
  to
• 9:54
  leave
• 9:55
  and
• 9:55
  you
• 9:55
  discovered
• 9:55
  that
• 9:55
  as
• 9:55
  you're
• 9:56
  looking
• 9:56
  around
• 9:56
  they
• 9:57
  put
• 9:57
  all
• 9:57
  of
• 9:57
  this
• 9:57
  stuff
• 9:58
  between
• 9:58
  you
• 9:59
  and
• 9:59
  the
• 9:59
  door,
• 9:59
  it's
• 10:00
  kind
• 10:00
  of
• 10:00
  the
• 10:00
  equivalent.
• 10:01
  Of
• 10:01
  that
• 10:02
  stood
• 10:02
  on
• 10:03
  your
• 10:03
  way.
• 10:03
  You
• 10:04
  can't
• 10:04
  leave
• 10:04
  yet.
• 10:04
  Yeah,
• 10:05
  I
• 10:05
  understand.
• 10:05
  But
• 10:06
  most
• 10:06
  of
• 10:06
  us
• 10:06
  are
• 10:06
  used
• 10:06
  to
• 10:07
  navigating
• 10:07
  that
• 10:07
  kind
• 10:08
  of
• 10:08
  annoying,
• 10:09
  those
• 10:09
  annoying
• 10:10
  impediments.
• 10:11
  Does
• 10:11
  it
• 10:11
  get
• 10:11
  any
• 10:11
  darker?
• 10:12
  So
• 10:12
  Revolut
• 10:13
  said
• 10:13
  clothing
• 10:14
  and
• 10:14
  fashion,
• 10:15
  electronics
• 10:15
  and
• 10:15
  skincare
• 10:16
  were
• 10:17
  the
• 10:17
  top
• 10:17
  overspending
• 10:18
  categories
• 10:18
  that
• 10:18
  they
• 10:19
  found.
• 10:19
  Which
• 10:19
  I
• 10:20
  think
• 10:20
  is
• 10:20
  interesting.
• 10:21
  Right,
• 10:21
  because
• 10:21
  that
• 10:21
  shows
• 10:21
  us
• 10:22
  something
• 10:22
  else
• 10:22
  too.
• 10:22
  They
• 10:23
  feel
• 10:23
  good
• 10:23
  in
• 10:23
  the
• 10:23
  moment,
• 10:24
  they
• 10:24
  photograph
• 10:25
  well.
• 10:25
  They
• 10:26
  feed
• 10:26
  the
• 10:26
  emotional
• 10:27
  parts
• 10:27
  of
• 10:27
  us
• 10:27
  that
• 10:27
  are
• 10:28
  quite
• 10:28
  vulnerable
• 10:28
  to
• 10:29
  these
• 10:29
  impulse
• 10:29
  purchases.
• 10:30
  We
• 10:30
  want
• 10:31
  a
• 10:31
  little
• 10:31
  hit
• 10:31
  of
• 10:31
  something
• 10:32
  that
• 10:32
  feels
• 10:32
  Good.
• 10:33
  So
• 10:33
  I
• 10:33
  think
• 10:33
  the
• 10:34
  best
• 10:34
  way
• 10:35
  to
• 10:35
  fight
• 10:35
  back
• 10:36
  on
• 10:36
  this
• 10:36
  is,
• 10:36
  first
• 10:37
  of
• 10:37
  all,
• 10:38
  if
• 10:38
  you're
• 10:38
  feeling
• 10:39
  tired
• 10:39
  in
• 10:40
  the
• 10:40
  evening,
• 10:40
  be
• 10:40
  aware
• 10:41
  you're
• 10:41
  going
• 10:41
  to
• 10:41
  be
• 10:42
  more
• 10:42
  susceptible
• 10:42
  to
• 10:42
  this
• 10:43
  stuff
• 10:43
  and
• 10:43
  maybe
• 10:43
  stay
• 10:44
  off
• 10:44
  the
• 10:44
  social
• 10:44
  media
• 10:45
  scroll,
• 10:45
  try
• 10:45
  and
• 10:45
  do
• 10:46
  something
• 10:46
  else
• 10:46
  instead.
• 10:47
  But
• 10:47
  even
• 10:48
  things
• 10:48
  like
• 10:49
  unsaving
• 10:50
  your
• 10:50
  credit
• 10:50
  card
• 10:50
  information
• 10:51
  from
• 10:51
  your
• 10:51
  phone
• 10:52
  or
• 10:54
  getting
• 10:54
  really
• 10:55
  clear
• 10:55
  on
• 10:56
  what
• 10:56
  actually
• 10:56
  does
• 10:57
  give
• 10:57
  you
• 10:57
  that
• 10:57
  happiness
• 10:58
  hit,
• 10:58
  instead,
• 10:59
  be
• 10:59
  aware
• 11:00
  that
• 11:00
  these
• 11:00
  things
• 11:00
  are
• 11:01
  out
• 11:01
  there
• 11:01
  to
• 11:01
  try
• 11:01
  and
• 11:01
  trick
• 11:02
  you
• 11:02
  with
• 11:02
  your
• 11:02
  dopamine
• 11:03
  rewards
• 11:04
  and
• 11:04
  fight
• 11:04
  back
• 11:04
  with
• 11:05
  a
• 11:05
  dopamine
• 11:05
  reward
• 11:05
  that
• 11:06
  actually
• 11:06
  makes
• 11:06
  you
• 11:06
  feel
• 11:06
  better.
• 11:07
  What
• 11:07
  do
• 11:08
  you
• 11:08
  think
• 11:08
  about
• 11:08
  this
• 11:08
  idea?
• 11:09
  Platforms
• 11:09
  that
• 11:09
  replicate.
• 11:10
  I
• 11:11
  was
• 11:11
  reading
• 11:11
  this
• 11:11
  in
• 11:12
  Vice
• 11:12
  magazine,
• 11:13
  that
• 11:13
  replicate
• 11:14
  the
• 11:14
  full
• 11:15
  online
• 11:15
  shopping
• 11:16
  experience.
• 11:17
  So
• 11:17
  you've
• 11:17
  got
• 11:18
  products,
• 11:19
  reviews,
• 11:19
  ratings,
• 11:20
  filters,
• 11:21
  promotions,
• 11:22
  and
• 11:22
  you've
• 11:23
  got
• 11:23
  a
• 11:23
  cart
• 11:23
  you
• 11:24
  can
• 11:24
  put
• 11:24
  things
• 11:24
  in.
• 11:25
  You
• 11:25
  enter
• 11:25
  a
• 11:26
  delivery
• 11:26
  address,
• 11:26
  you
• 11:27
  click
• 11:27
  on
• 11:27
  the
• 11:27
  order
• 11:27
  button,
• 11:28
  a
• 11:28
  simulated
• 11:29
  career
• 11:30
  accepts
• 11:31
  the
• 11:31
  order
• 11:31
  and
• 11:31
  says
• 11:32
  he
• 11:32
  or
• 11:32
  she's
• 11:33
  heading
• 11:33
  to
• 11:33
  your
• 11:33
  house.
• 11:34
  You
• 11:34
  can
• 11:35
  track
• 11:35
  the
• 11:35
  delivery
• 11:35
  in
• 11:36
  real
• 11:36
  time
• 11:36
  on
• 11:36
  a
• 11:36
  map.
• 11:37
  Nothing
• 11:37
  arrives
• 11:38
  and
• 11:38
  no
• 11:38
  money
• 11:39
  changes
• 11:39
  hands.
• 11:40
  Frances,
• 11:40
  I
• 11:40
  thought
• 11:41
  this
• 11:41
  was
• 11:41
  amazing.
• 11:43
  I'm
• 11:43
  kind
• 11:43
  of
• 11:44
  flummoxed
• 11:45
  by
• 11:45
  it.
• 11:46
  I
• 11:46
  mean,
• 11:47
  what
• 11:47
  an
• 11:47
  incredible
• 11:48
  idea.
• 11:48
  Hat
• 11:49
  off
• 11:49
  to
• 11:50
  whoever
• 11:50
  came
• 11:50
  up
• 11:50
  with
• 11:51
  this
• 11:51
  idea.
• 11:51
  What
• 11:52
  an
• 11:52
  idea
• 11:52
  for
• 11:52
  our
• 11:52
  times.
• 11:53
  I
• 11:53
  do
• 11:53
  find
• 11:54
  it
• 11:54
  very
• 11:54
  dystopian,
• 11:55
  I.
• 11:55
  Must
• 11:55
  say,
• 11:56
  but
• 11:56
  would
• 11:56
  it
• 11:56
  deliver
• 11:57
  the
• 11:57
  dopamine
• 11:57
  hit
• 11:58
  that
• 11:58
  you're
• 11:58
  talking
• 11:58
  about?
• 11:58
  You
• 11:59
  know
• 11:59
  what
• 11:59
  I
• 11:59
  mean?
• 11:59
  I
• 11:59
  mean,
• 12:00
  probably,
• 12:01
  probably.
• 12:01
  And
• 12:02
  if
• 12:02
  someone's
• 12:02
  really
• 12:03
  struggling
• 12:03
  with
• 12:03
  it,
• 12:04
  then,
• 12:05
  yes,
• 12:05
  that
• 12:05
  would
• 12:06
  probably
• 12:06
  work.
• 12:07
  I
• 12:07
  feel
• 12:07
  like
• 12:07
  it
• 12:07
  would
• 12:08
  probably
• 12:08
  in
• 12:08
  the
• 12:09
  long
• 12:09
  run,
• 12:09
  though,
• 12:09
  reinforce
• 12:11
  the
• 12:12
  habit
• 12:12
  of
• 12:13
  online
• 12:13
  shopping
• 12:13
  for
• 12:14
  things
• 12:14
  you
• 12:14
  don't
• 12:14
  even
• 12:14
  want
• 12:14
  and
• 12:15
  probably
• 12:15
  encourage
• 12:16
  you
• 12:16
  to
• 12:16
  do
• 12:16
  it
• 12:16
  more
• 12:16
  in
• 12:17
  a
• 12:17
  certain
• 12:17
  way.
• 12:18
  It's
• 12:18
  almost
• 12:19
  one
• 12:19
  of
• 12:19
  those
• 12:19
  things
• 12:20
  where
• 12:21
  it's,
• 12:22
  you
• 12:22
  know,
• 12:22
  when
• 12:22
  people
• 12:23
  try
• 12:23
  to
• 12:24
  get
• 12:24
  off
• 12:24
  some
• 12:24
  sort
• 12:25
  of
• 12:25
  drug
• 12:25
  and
• 12:26
  they
• 12:26
  get
• 12:26
  the
• 12:26
  cheap
• 12:27
  version
• 12:27
  or
• 12:27
  the
• 12:27
  Dr.
• 12:28
  Version
• 12:28
  instead,
• 12:28
  but
• 12:29
  it
• 12:29
  doesn't
• 12:29
  necessarily
• 12:30
  address
• 12:30
  the
• 12:30
  underlying
• 12:31
  cause.
• 12:31
  I
• 12:31
  wonder
• 12:32
  if
• 12:32
  it's
• 12:32
  a
• 12:32
  bit
• 12:32
  like
• 12:32
  that.
• 12:32
  Yes,
• 12:33
  it
• 12:33
  could
• 12:33
  be.
• 12:34
  I
• 12:34
  thought
• 12:34
  it
• 12:34
  was
• 12:34
  interesting,
• 12:35
  though.
• 12:36
  We
• 12:36
  hear
• 12:36
  that
• 12:37
  shares
• 12:37
  are
• 12:38
  doing
• 12:38
  well
• 12:39
  if
• 12:40
  people
• 12:40
  have
• 12:40
  bet
• 12:41
  on
• 12:41
  AI,
• 12:42
  which
• 12:42
  we
• 12:42
  understand.
• 12:43
  In
• 12:43
  fact,
• 12:43
  the
• 12:44
  Financial
• 12:44
  Times
• 12:45
  asks
• 12:46
  if,
• 12:47
  in
• 12:47
  fact
• 12:47
  we
• 12:47
  may
• 12:48
  be
• 12:48
  at
• 12:48
  the
• 12:48
  start
• 12:49
  of
• 12:49
  a
• 12:49
  new
• 12:49
  investment
• 12:50
  super
• 12:50
  cycle,
• 12:51
  rather
• 12:52
  than
• 12:52
  what
• 12:53
  we
• 12:53
  hear
• 12:53
  about
• 12:53
  the
• 12:53
  bubble
• 12:54
  being
• 12:54
  about
• 12:54
  to
• 12:54
  burst.
• 12:55
  What
• 12:55
  do
• 12:55
  you
• 12:56
  think?
• 12:57
  Yeah,
• 12:57
  I
• 12:57
  am
• 12:58
  watching
• 12:58
  the
• 12:58
  share
• 12:59
  market
• 12:59
  right
• 12:59
  now.
• 12:59
  It's
• 13:00
  a
• 13:00
  fascinating
• 13:01
  time.
• 13:01
  I
• 13:01
  mean,
• 13:02
  even
• 13:02
  if
• 13:02
  we
• 13:02
  just
• 13:02
  look
• 13:02
  at
• 13:03
  the
• 13:04
  three
• 13:05
  big
• 13:05
  AI
• 13:06
  listings,
• 13:07
  one
• 13:07
  of
• 13:08
  them
• 13:08
  is
• 13:08
  on
• 13:08
  the
• 13:08
  share
• 13:08
  market
• 13:09
  already.
• 13:09
  SpaceX,
• 13:10
  but
• 13:11
  OpenAI
• 13:11
  and
• 13:12
  Anthropic
• 13:12
  are
• 13:12
  all
• 13:13
  expected
• 13:13
  to
• 13:13
  list
• 13:14
  this
• 13:14
  year
• 13:14
  as
• 13:14
  well.
• 13:15
  And
• 13:15
  if
• 13:15
  that
• 13:15
  all
• 13:16
  goes
• 13:16
  ahead
• 13:17
  $4
• 13:18
  trillion
• 13:19
  hitting
• 13:20
  the
• 13:20
  share
• 13:20
  market.
• 13:21
  And
• 13:21
  let's
• 13:22
  put
• 13:22
  that
• 13:22
  in
• 13:22
  context
• 13:23
  for
• 13:23
  a
• 13:23
  moment
• 13:23
  because
• 13:24
  we're
• 13:24
  quite
• 13:24
  used
• 13:25
  to
• 13:25
  being
• 13:25
  like,
• 13:25
  oh,
• 13:25
  there's
• 13:25
  a
• 13:25
  lot
• 13:25
  of
• 13:26
  money
• 13:26
  on
• 13:26
  the
• 13:26
  share
• 13:26
  market,
• 13:27
  right?
• 13:27
  No,
• 13:28
  no,
• 13:28
  this
• 13:28
  is
• 13:29
  huge.
• 13:29
  It's
• 13:30
  more
• 13:30
  than
• 13:30
  the
• 13:30
  entire
• 13:31
  dot
• 13:32
  com
• 13:33
  listings
• 13:33
  wave
• 13:34
  that
• 13:34
  went
• 13:34
  through
• 13:35
  the
• 13:35
  share
• 13:35
  market
• 13:35
  through
• 13:36
  95
• 13:36
  to
• 13:37
  2000.
• 13:37
  And
• 13:38
  in
• 13:38
  fact,
• 13:38
  just
• 13:39
  those
• 13:39
  three
• 13:39
  companies
• 13:40
  listing
• 13:41
  would
• 13:41
  be
• 13:41
  roughly
• 13:42
  half
• 13:42
  the
• 13:43
  value
• 13:43
  of
• 13:44
  every
• 13:44
  US
• 13:45
  listing
• 13:46
  combined
• 13:47
  since
• 13:47
  the
• 13:47
  Second
• 13:47
  World
• 13:48
  War.
• 13:49
  So
• 13:49
  I'm
• 13:49
  looking
• 13:50
  at
• 13:50
  IPOs
• 13:50
  there
• 13:51
  when
• 13:51
  companies
• 13:51
  list
• 13:51
  for
• 13:52
  the
• 13:52
  first
• 13:52
  time,
• 13:53
  which
• 13:53
  is.
• 13:54
  It's
• 13:54
  just
• 13:54
  a
• 13:54
  stunning,
• 13:55
  stunning
• 13:55
  amount
• 13:55
  of
• 13:55
  money.
• 13:56
  It's
• 13:56
  a
• 13:56
  stunning
• 13:56
  amount
• 13:57
  of
• 13:58
  value
• 13:58
  really.
• 13:59
  But
• 14:00
  I
• 14:00
  mentioned
• 14:01
  the
• 14:01
  dot
• 14:01
  com
• 14:01
  listings
• 14:01
  for
• 14:02
  a
• 14:02
  reason,
• 14:02
  because
• 14:03
  that
• 14:03
  rush
• 14:04
  to
• 14:04
  the
• 14:04
  share
• 14:04
  market
• 14:05
  came
• 14:05
  right
• 14:05
  before
• 14:05
  the
• 14:06
  dot
• 14:06
  com
• 14:06
  crash.
• 14:07
  Now,
• 14:07
  do
• 14:08
  I
• 14:08
  think
• 14:08
  we're
• 14:08
  about
• 14:09
  to
• 14:09
  have
• 14:09
  a
• 14:09
  share
• 14:09
  market
• 14:09
  crash?
• 14:11
  Not
• 14:11
  necessarily.
• 14:12
  Do
• 14:13
  we
• 14:13
  all
• 14:13
  live
• 14:13
  our
• 14:14
  lives
• 14:14
  very
• 14:14
  online
• 14:15
  now?
• 14:15
  Do
• 14:15
  we
• 14:15
  all
• 14:15
  use
• 14:16
  computers
• 14:16
  and
• 14:17
  smartphones
• 14:18
  every
• 14:18
  single
• 14:18
  day?
• 14:19
  Does
• 14:19
  every
• 14:20
  single
• 14:20
  business
• 14:20
  now
• 14:21
  need
• 14:21
  a
• 14:21
  website?
• 14:22
  Yes,
• 14:22
  absolutely.
• 14:24
  So
• 14:24
  the
• 14:25
  dot
• 14:25
  com
• 14:26
  gold
• 14:26
  rush
• 14:27
  was
• 14:27
  not
• 14:27
  wrong.
• 14:28
  It
• 14:28
  was
• 14:29
  on
• 14:29
  the
• 14:29
  brink
• 14:29
  of
• 14:30
  something
• 14:30
  big
• 14:30
  and
• 14:30
  huge
• 14:31
  and
• 14:31
  changing
• 14:31
  for
• 14:32
  how
• 14:32
  our
• 14:32
  society
• 14:33
  operates.
• 14:34
  It's
• 14:34
  just
• 14:34
  that
• 14:34
  there
• 14:35
  was
• 14:35
  a
• 14:35
  whole
• 14:35
  bunch
• 14:35
  of
• 14:35
  companies
• 14:36
  there
• 14:36
  that
• 14:36
  listed
• 14:37
  that
• 14:37
  people
• 14:37
  also
• 14:37
  got
• 14:38
  so
• 14:38
  excited
• 14:38
  about
• 14:39
  because,
• 14:39
  oh,
• 14:39
  they're
• 14:40
  part
• 14:40
  of
• 14:40
  the
• 14:40
  dot
• 14:40
  com
• 14:40
  rush.
• 14:41
  That's
• 14:41
  the
• 14:41
  future.
• 14:42
  Quick,
• 14:42
  shove
• 14:43
  some
• 14:43
  money
• 14:43
  into
• 14:44
  them.
• 14:44
  And
• 14:44
  they
• 14:44
  had
• 14:45
  no
• 14:45
  plan,
• 14:45
  no
• 14:46
  profits,
• 14:46
  nothing.
• 14:47
  And
• 14:47
  then
• 14:47
  the
• 14:47
  whole
• 14:47
  thing
• 14:48
  fell
• 14:48
  apart
• 14:48
  eventually
• 14:49
  because
• 14:49
  you
• 14:49
  can
• 14:49
  only
• 14:49
  keep
• 14:49
  that
• 14:50
  up
• 14:50
  for
• 14:50
  so
• 14:50
  long
• 14:51
  and
• 14:51
  a
• 14:51
  whole
• 14:51
  bunch
• 14:51
  of
• 14:51
  people
• 14:51
  lost
• 14:52
  their
• 14:52
  money.
• 14:52
  Yes,
• 14:53
  but
• 14:53
  it's
• 14:53
  been
• 14:53
  said
• 14:53
  that
• 14:54
  the
• 14:54
  present
• 14:54
  situation
• 14:55
  is
• 14:55
  different
• 14:55
  from
• 14:55
  the
• 14:55
  dot
• 14:56
  com
• 14:56
  crash
• 14:56
  because
• 14:57
  the
• 14:57
  companies
• 14:57
  are
• 14:57
  established,
• 14:58
  they're
• 14:58
  not
• 14:58
  just
• 14:59
  startups
• 15:00
  with
• 15:00
  hopeful
• 15:01
  dreams
• 15:01
  and
• 15:01
  visions.
• 15:02
  So
• 15:02
  you're
• 15:02
  basically
• 15:03
  saying
• 15:04
  we
• 15:04
  just
• 15:04
  have
• 15:05
  to
• 15:05
  beware
• 15:05
  of
• 15:05
  the
• 15:05
  startups
• 15:06
  with
• 15:06
  hopeful
• 15:06
  dreams
• 15:07
  and
• 15:07
  visions.
• 15:08
  Well,
• 15:08
  somewhat.
• 15:09
  But
• 15:09
  even
• 15:10
  ChatGPT
• 15:11
  had
• 15:11
  its
• 15:11
  financials
• 15:12
  released
• 15:13
  somewhat
• 15:13
  leaked
• 15:14
  a
• 15:14
  couple
• 15:14
  of
• 15:14
  weeks
• 15:14
  ago,
• 15:15
  didn't
• 15:16
  look
• 15:16
  great.
• 15:17
  So
• 15:17
  I
• 15:17
  do
• 15:17
  think,
• 15:18
  you
• 15:18
  know,
• 15:18
  these
• 15:18
  companies
• 15:18
  are
• 15:19
  established,
• 15:19
  they've
• 15:19
  got
• 15:19
  good
• 15:20
  customers,
• 15:21
  they
• 15:21
  could
• 15:21
  do
• 15:22
  really
• 15:22
  well,
• 15:23
  but
• 15:23
  they're
• 15:23
  also
• 15:25
  a
• 15:25
  lot
• 15:25
  of
• 15:25
  them.
• 15:26
  Let's
• 15:26
  stick
• 15:26
  with
• 15:26
  ChatGPT
• 15:27
  as
• 15:27
  an
• 15:27
  example.
• 15:28
  They
• 15:28
  are
• 15:28
  currently
• 15:29
  bringing
• 15:29
  in
• 15:30
  customers
• 15:31
  very,
• 15:31
  very
• 15:32
  cheaply
• 15:32
  for
• 15:33
  far
• 15:33
  less
• 15:33
  than
• 15:33
  what
• 15:34
  this
• 15:34
  technology
• 15:34
  costs.
• 15:36
  And
• 15:36
  basically
• 15:36
  trying
• 15:37
  to
• 15:37
  get
• 15:37
  people
• 15:37
  invested
• 15:38
  and
• 15:38
  hooked
• 15:39
  on
• 15:39
  the
• 15:39
  technology.
• 15:39
  And
• 15:40
  then
• 15:40
  the
• 15:40
  aim
• 15:40
  is
• 15:41
  to
• 15:41
  increase
• 15:42
  prices,
• 15:42
  which
• 15:43
  can
• 15:43
  work,
• 15:44
  or
• 15:44
  sometimes
• 15:44
  the
• 15:44
  company
• 15:45
  keels
• 15:45
  over
• 15:46
  before
• 15:46
  they
• 15:46
  manage
• 15:47
  to
• 15:47
  make
• 15:47
  that
• 15:48
  price
• 15:48
  increase
• 15:49
  come
• 15:49
  true.
• 15:50
  So
• 15:52
  it's
• 15:53
  an
• 15:53
  interesting
• 15:53
  time.
• 15:54
  And
• 15:55
  it's
• 15:55
  always
• 15:55
  hard
• 15:55
  to
• 15:56
  tell,
• 15:56
  except
• 15:56
  for
• 15:57
  in
• 15:57
  hindsight,
• 15:57
  whether
• 15:58
  something
• 15:58
  was
• 15:58
  a
• 15:58
  bubble
• 16:00
  that's
• 16:00
  right.
• 16:01
  It's
• 16:01
  always
• 16:02
  hard
• 16:02
  to
• 16:02
  tell
• 16:02
  until
• 16:03
  afterwards.
• 16:03
  Understood.
• 16:05
  And
• 16:05
  then
• 16:05
  afterwards,
• 16:06
  we're
• 16:06
  all
• 16:06
  geniuses
• 16:06
  who
• 16:07
  totally
• 16:07
  knew
• 16:07
  the
• 16:07
  whole
• 16:07
  time.
• 16:08
  Yeah,
• 16:08
  we
• 16:08
  saw
• 16:08
  it
• 16:08
  was
• 16:08
  coming.
• 16:10
  You
• 16:10
  traditionally
• 16:11
  give
• 16:11
  us
• 16:12
  tips
• 16:12
  on
• 16:12
  how
• 16:12
  to
• 16:12
  save
• 16:13
  money
• 16:14
  and
• 16:14
  hard
• 16:14
  times.
• 16:15
  I
• 16:15
  just
• 16:16
  thought
• 16:16
  I'd
• 16:16
  end
• 16:16
  our
• 16:16
  chat
• 16:17
  with
• 16:17
  this.
• 16:17
  The
• 16:17
  Washington
• 16:18
  Post
• 16:19
  asked
• 16:19
  its
• 16:19
  subscribers
• 16:20
  for
• 16:21
  genuine
• 16:22
  extreme
• 16:23
  saving
• 16:23
  hacks.
• 16:25
  And
• 16:26
  some
• 16:26
  of
• 16:26
  them
• 16:26
  are
• 16:26
  bizarre.
• 16:27
  What
• 16:28
  do
• 16:28
  you
• 16:28
  think
• 16:28
  of
• 16:28
  these?
• 16:28
  For
• 16:29
  instance,
• 16:29
  my
• 16:29
  parents
• 16:30
  always
• 16:30
  taught
• 16:30
  me
• 16:30
  to
• 16:31
  wash
• 16:31
  used
• 16:31
  tin
• 16:32
  foil
• 16:32
  for
• 16:32
  reuse.
• 16:34
  And
• 16:35
  an
• 16:36
  older
• 16:36
  friend
• 16:36
  of
• 16:36
  mine
• 16:36
  tries
• 16:37
  to
• 16:37
  avoid
• 16:37
  using
• 16:38
  the
• 16:38
  blinker
• 16:38
  in
• 16:38
  his
• 16:38
  car
• 16:39
  at
• 16:40
  stoplights
• 16:40
  because
• 16:40
  it'll
• 16:41
  extend
• 16:41
  the
• 16:41
  life
• 16:41
  of
• 16:42
  the
• 16:42
  blinker
• 16:42
  bulb.
• 16:43
  Yes.
• 16:43
  No.
• 16:43
  People.
• 16:44
  How
• 16:45
  about
• 16:45
  my
• 16:45
  husband
• 16:45
  and
• 16:46
  I
• 16:46
  take
• 16:46
  pictures
• 16:46
  of
• 16:47
  cards
• 16:47
  we
• 16:47
  would
• 16:47
  have
• 16:48
  bought
• 16:48
  and
• 16:48
  then
• 16:49
  show
• 16:49
  or
• 16:49
  send
• 16:50
  them
• 16:50
  to
• 16:50
  each
• 16:50
  other
• 16:50
  on
• 16:51
  important
• 16:51
  occasions.
• 16:52
  We
• 16:52
  haven't
• 16:52
  bought
• 16:52
  a
• 16:53
  greeting
• 16:53
  card
• 16:53
  in
• 16:53
  years.
• 16:54
  That's
• 16:54
  terrible.
• 16:55
  Terrible.
• 16:56
  A
• 16:56
  terrible
• 16:56
  thing
• 16:57
  to
• 16:57
  do.
• 16:57
  That's
• 16:57
  really
• 16:58
  cute.
• 16:58
  That
• 16:59
  is.
• 16:59
  Do
• 16:59
  you
• 16:59
  know
• 16:59
  what
• 17:00
  that
• 17:00
  is?
• 17:00
  A
• 17:00
  sign
• 17:00
  that
• 17:01
  there
• 17:01
  is
• 17:01
  someone
• 17:01
  for
• 17:02
  everyone.
• 17:02
  How
• 17:03
  cute.
• 17:03
  They're
• 17:04
  being
• 17:04
  absolute
• 17:04
  weirdos
• 17:05
  together.
• 17:05
  But
• 17:05
  if
• 17:06
  that
• 17:06
  makes
• 17:06
  them
• 17:06
  feel
• 17:06
  good,
• 17:07
  I
• 17:07
  love
• 17:07
  it
• 17:07
  for
• 17:07
  them.
• 17:08
  Well,
• 17:08
  the
• 17:08
  question,
• 17:10
  and
• 17:11
  it's
• 17:11
  a
• 17:11
  quote
• 17:12
  from
• 17:12
  this
• 17:12
  report.
• 17:13
  Being
• 17:13
  a
• 17:13
  penny
• 17:14
  pincher
• 17:14
  puts
• 17:15
  you
• 17:15
  in
• 17:15
  a
• 17:15
  powerful
• 17:16
  position.
• 17:16
  By
• 17:17
  dogmatically
• 17:18
  monitoring
• 17:18
  your
• 17:18
  spending,
• 17:19
  you
• 17:20
  create
• 17:20
  a
• 17:20
  mindset
• 17:21
  of
• 17:21
  constant
• 17:21
  creative
• 17:22
  awareness,
• 17:23
  which
• 17:23
  is
• 17:23
  exactly
• 17:24
  what
• 17:24
  it
• 17:24
  takes
• 17:25
  to
• 17:25
  fund
• 17:25
  a
• 17:26
  retirement
• 17:26
  or
• 17:27
  build
• 17:27
  an
• 17:27
  emergency
• 17:28
  fund.
• 17:28
  I
• 17:29
  think,
• 17:29
  yes,
• 17:30
  cutting
• 17:30
  back
• 17:31
  and
• 17:31
  saving
• 17:31
  can
• 17:32
  be
• 17:32
  really
• 17:32
  useful.
• 17:33
  But
• 17:33
  when
• 17:34
  they
• 17:34
  say
• 17:34
  that
• 17:34
  that's
• 17:34
  what
• 17:34
  it
• 17:35
  takes
• 17:35
  to
• 17:35
  fund
• 17:35
  a
• 17:35
  retirement
• 17:36
  account
• 17:36
  or
• 17:36
  build
• 17:36
  an
• 17:37
  emerg.
• 17:37
  And
• 17:39
  disagree,
• 17:40
  because
• 17:40
  I
• 17:41
  think
• 17:41
  you
• 17:41
  can
• 17:41
  cut
• 17:42
  back
• 17:42
  to
• 17:42
  a
• 17:42
  certain
• 17:43
  level.
• 17:43
  But
• 17:43
  I
• 17:43
  mean,
• 17:43
  look
• 17:44
  at
• 17:44
  the
• 17:44
  cost
• 17:44
  of
• 17:44
  living.
• 17:45
  Yes,
• 17:45
  being
• 17:45
  aware
• 17:46
  of
• 17:46
  your
• 17:46
  spending
• 17:47
  is
• 17:47
  really
• 17:47
  good.
• 17:48
  It's
• 17:48
  a
• 17:48
  really
• 17:48
  good
• 17:48
  tactic.
• 17:50
  After
• 17:50
  that,
• 17:50
  you've
• 17:51
  got
• 17:51
  to
• 17:51
  be
• 17:51
  looking
• 17:51
  at
• 17:51
  ways
• 17:52
  to
• 17:53
  grow
• 17:53
  your
• 17:53
  money,
• 17:53
  grow
• 17:54
  your
• 17:54
  wealth.
• 17:54
  Ask
• 17:55
  for
• 17:55
  that
• 17:55
  pay
• 17:55
  rise.
• 17:56
  Saving
• 17:57
  $20
• 17:57
  a
• 17:57
  week.
• 17:58
  Brilliant.
• 17:59
  If
• 17:59
  you
• 17:59
  can
• 17:59
  get
• 17:59
  a
• 17:59
  $200
• 18:00
  a
• 18:00
  month
• 18:00
  pay
• 18:01
  rise,
• 18:01
  so
• 18:02
  much
• 18:02
  better.
• 18:03
  And
• 18:04
  then
• 18:04
  you
• 18:04
  funnel
• 18:05
  that
• 18:05
  into
• 18:05
  investments
• 18:06
  and
• 18:06
  things.
• 18:07
  But
• 18:07
  I've
• 18:07
  got
• 18:07
  to
• 18:07
  say,
• 18:07
  you
• 18:08
  know,
• 18:08
  things
• 18:08
  like
• 18:08
  the
• 18:08
  taking
• 18:09
  free
• 18:09
  stuff
• 18:09
  from
• 18:10
  hotels.
• 18:10
  Come
• 18:10
  on,
• 18:10
  we
• 18:11
  all
• 18:11
  like
• 18:11
  free
• 18:11
  stuff,
• 18:11
  don't
• 18:12
  we?
• 18:12
  I
• 18:12
  always.
• 18:12
  Nick
• 18:12
  the
• 18:12
  tea.
• 18:14
  Francis
• 18:14
  Cook,
• 18:15
  always
• 18:15
  lovely
• 18:15
  to
• 18:15
  talk.
• 18:16
  Thank
• 18:16
  you
• 18:16
  very
• 18:16
  much
• 18:16
  for
• 18:16
  being
• 18:17
  with
• 18:17
  us.
• 18:17
  Lovely
• 18:18
  to
• 18:18
  chat.
• 18:19
  This
• 18:19
  podcast
• 18:20
  can
• 18:20
  only
• 18:20
  give
• 18:20
  you
• 18:21
  general
• 18:21
  information
• 18:22
  about
• 18:22
  how
• 18:22
  things
• 18:22
  work
• 18:23
  in
• 18:23
  most
• 18:23
  situations.
• 18:24
  It's
• 18:25
  not
• 18:25
  individual
• 18:26
  financial
• 18:26
  advice.
• 18:27
  If
• 18:27
  you're
• 18:27
  after
• 18:27
  that,
• 18:28
  a
• 18:28
  financial
• 18:28
  advisor
• 18:29
  is
• 18:29
  always
• 18:30
  the
• 18:30
  best
• 18:30
  bet.