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FRIDAY DRINKS: Guava good weekend friends · She's On The Money

0:01
Speaker 1: She's on the Money.
0:03
Speaker 2: She's on the Money.
0:16
Speaker 1: Hello, and welcome to She's on the Money's Friday Dreams.
0:20
Speaker 1: Now you guys all know by now. My name is
0:22
Speaker 1: Victoria Devine. I'm a financial advisor, I'm a millennial, and
0:25
Speaker 1: I'm a woman who is wildly passionate about financial freedom. Now,
0:29
Speaker 1: our friend Georgia, she's back this week, which is very exciting,
0:32
Speaker 1: And this week we are also joined again by Ryan
0:36
Speaker 1: and Jess Well the very second episode Friday Drinks episode
0:39
Speaker 1: of twenty twenty one. Now, this week we're going to
0:43
Speaker 1: be talking all things investment, in line with the investment
0:46
Speaker 1: episode we did on Wednesday, which is very exciting. But
0:50
Speaker 1: first and foremost, friends, let's go through the Facebook group
0:53
Speaker 1: and talk about our favorite posts of the week and
0:56
Speaker 1: what we've seen going on in there, because it is
0:59
Speaker 1: arguably my favorite place on the internet. Let's start with you,
1:02
Speaker 1: Georgia King.
1:03
Speaker 2: Oh fabulous, I'm glad.
1:04
Speaker 1: I'm so prepared, although I've been told not to call
1:07
Speaker 1: you Georgia King anymore. So, Georgia, would you like you.
1:10
Speaker 2: Call me what you want?
1:11
Speaker 1: Girl, I'll do when you're around. Georgia, would you like
1:16
Speaker 1: to start or should we let the fam know that
1:18
Speaker 1: we've got some delightful vodka cruises.
1:21
Speaker 3: I didn't know if we were going to be talking
1:22
Speaker 3: about that.
1:22
Speaker 1: Should we?
1:23
Speaker 3: I mean we should because it justifies our laughing. When
1:25
Speaker 3: Jess tried to drink.
1:26
Speaker 2: The whole yeah, I was like, I can't drink.
1:30
Speaker 3: You're going to get I'm just but you know you
1:32
Speaker 3: can just sit at the top without putting the whole
1:34
Speaker 3: bottom to this. Have we killed enough time for Georgia
1:39
Speaker 3: to have found Yeah, we've got one.
1:42
Speaker 2: Okay, so I'm going to start off quite gently here
1:45
Speaker 2: because I don't know what you guys have in store.
1:47
Speaker 2: So this one is from Belinda. Instead of purchasing a
1:50
Speaker 2: book online that can be quite pricey, you.
1:52
Speaker 1: Saw this one. Always saw this one.
1:54
Speaker 2: So she was going to buy on the Kindle app
1:57
Speaker 2: for fifteen dollars, but instead she went on the lip
2:00
Speaker 2: app so not even the library, and she found an
2:03
Speaker 2: e book for free from the library. Did anyone know
2:05
Speaker 2: that was a thing?
2:06
Speaker 1: What's libby app?
2:07
Speaker 2: I'm assuming it's like a library app.
2:10
Speaker 4: It sounds like the millennial version of a library.
2:12
Speaker 3: Yeah. Yeah, and it's legit because I know sometimes I
2:15
Speaker 3: mean some people will google like so and so pdf
2:19
Speaker 3: or try and get a textbook for free.
2:20
Speaker 1: I've done that, We're all guilty of that.
2:22
Speaker 3: But this app it seems like it's a real legit thing.
2:25
Speaker 2: Well, I mean, I trust Belinda, but I'm going to
2:30
Speaker 2: look it up later. Libby sounds good, and I mean,
2:33
Speaker 2: libraries are also very underrated just in general. Don't you
2:36
Speaker 2: think I would agree?
2:38
Speaker 1: There's so much stuff. I mean, when when she's on
2:41
Speaker 1: the money book comes out, I guess we'd probably not
2:44
Speaker 1: promote libraries and promote you purchases.
2:46
Speaker 3: Email me and I'll send you a free people Now
2:50
Speaker 3: that is a good win though, absolutely, jess what have
2:52
Speaker 3: you got?
2:52
Speaker 4: Minus? From our friend Tiana. She is in Brisbane and
2:56
Speaker 4: they are currently looked down and can relate feel for
2:58
Speaker 4: you guys.
2:59
Speaker 1: We are Melbourne, so like your three days, we raise
3:02
Speaker 1: you four months.
3:03
Speaker 2: That's true.
3:04
Speaker 4: Hopefully it doesn't go that away for them. But she
3:06
Speaker 4: said money win, not going out for dinner Friday, Saturday, Sunday,
3:09
Speaker 4: not going out for drinks. That's a lot of money
3:11
Speaker 4: in her pocket.
3:12
Speaker 1: That's a pretty good money win. I feel like put
3:14
Speaker 1: that in your savings account so you don't miss out
3:16
Speaker 1: on that win as well, like transfer what you would
3:19
Speaker 1: have spent to savings so that it really does work
3:21
Speaker 1: as hard as you are currently working in Io, honey.
3:24
Speaker 3: Pee, because we've all been in isolation this year, and
3:27
Speaker 3: I can honestly say not all of it, but a
3:29
Speaker 3: lot of the money I saved during lockdown, I totally
3:31
Speaker 3: made up for it in probably the three or four
3:33
Speaker 3: weeks coming out. Is that fair to say?
3:34
Speaker 1: Yeah, Like take it off yourself so you can't spend
3:37
Speaker 1: it later. He's the key tape there.
3:39
Speaker 3: My favorite post is by Sheila Anderson and she just
3:43
Speaker 3: says this speaks to me on a deep level with
3:45
Speaker 3: her caption, and it's the how DoD we describe that
3:48
Speaker 3: Leonardo DiCaprio meme where it's from what movie is that from?
3:52
Speaker 1: This can go one of two ways. Ryan's about to
3:54
Speaker 1: try and explain. I'm about to try and explain really well,
3:57
Speaker 1: or it could go miserably buck him.
3:58
Speaker 2: I back him in what.
3:59
Speaker 4: Is is it? The nineteen twenties? One?
4:03
Speaker 1: Yeah, great, a great gat No.
4:05
Speaker 3: No, it's the other one with Tarantino made Romeo and
4:08
Speaker 3: Juliet No with Jamie Fox in a Jango j Yes,
4:14
Speaker 3: it's the meme from Django Unchained where I feel like
4:17
Speaker 3: if I do the noise, everyone will understand. It looks
4:20
Speaker 3: like he's going, does everyone know the meme I'm talking about?
4:25
Speaker 3: So this is what it says, and again describing a
4:29
Speaker 3: meme on audio, Oh my god, there's gotta been about it.
4:32
Speaker 3: Me finally catching up on all my bills my car
4:36
Speaker 3: and then it's a picture of the engine light coming on,
4:38
Speaker 3: and the engine light is being held by Leonardo DiCaprio
4:41
Speaker 3: going hard.
4:45
Speaker 1: Relate. I actually known on this d.
4:49
Speaker 3: Go and look up Sheila Anderson's post. It's in the
4:51
Speaker 3: Facebook group. But it is so true. You finally catch
4:53
Speaker 3: up on all your bills and then that little light
4:55
Speaker 3: pops up on your car and you're like, are you
4:57
Speaker 3: including me? Six months I've been looking forward to being
5:00
Speaker 3: free and Bill Frae mmmmm.
5:02
Speaker 1: I feel like that summarized. We're all with Shila. If
5:04
Speaker 1: that's the premise of the meme, I feel like I've
5:06
Speaker 1: picked a money win from the community that is definitely
5:09
Speaker 1: not on the same page as everybody else's. But I
5:11
Speaker 1: thought it was really cool. So Alana posted that for Christmas,
5:15
Speaker 1: she brought herself some period undies and now now we're
5:18
Speaker 1: going from Django unchained to periods. I don't know. This
5:22
Speaker 1: is arguably a lot more diverse than we thought it
5:24
Speaker 1: was going to be. But essentially she said that a
5:27
Speaker 1: little change in how she's been doing things for the
5:29
Speaker 1: last fifteen years, but she's super stoked with them and
5:32
Speaker 1: she'll be definitely buying some for her daughters when the
5:34
Speaker 1: time comes. So for me, I really liked this post
5:37
Speaker 1: because one, we're promoting more sustainable ways to live our lives,
5:41
Speaker 1: but two, you guys loved this posts. There was so
5:44
Speaker 1: many comments on this I think this post reached more
5:47
Speaker 1: than half of our community, which is actually pretty big, guys,
5:51
Speaker 1: And I just really liked that we had this open,
5:54
Speaker 1: honest conversation. There were more than five hundred comments on
5:56
Speaker 1: this post of you guys just talking about how you
5:58
Speaker 1: manage your periods and like, if that's not us coming
6:01
Speaker 1: into twenty twenty one, I don't know what is, because
6:04
Speaker 1: let's take back that power. And I really liked the conversation.
6:07
Speaker 1: And there were so many people that were like, oh
6:08
Speaker 1: my gosh, yes, how are they going? Are they a
6:10
Speaker 1: thing that I actually want to try? Like which ones
6:12
Speaker 1: do you use? People were making really cool recommendations, and
6:15
Speaker 1: it was just a really good post that I got
6:17
Speaker 1: a lot out.
6:18
Speaker 3: Of So are they genuinely really expensive?
6:20
Speaker 1: They're not the cheapest thing to buy. But at the
6:22
Speaker 1: same time, like a box of twelve tampons could cost
6:25
Speaker 1: you like four or five bucks, Ye, so buy them
6:27
Speaker 1: twelve pound stuff. Yeah, that stuff adds up. You definitely
6:30
Speaker 1: don't just use twelve tampons. Yeah, not that you'd understand rhyme,
6:33
Speaker 1: But welcome to Shees on the money. Thanks and maybe happeriod.
6:39
Speaker 3: I feel like.
6:39
Speaker 1: It's not a bad thing to talk about. It's not
6:41
Speaker 1: something that impacts just women, like periods are a thing,
6:44
Speaker 1: full stop, end of story for a lot of people.
6:46
Speaker 1: So earlier this week we were talking about investments on
6:49
Speaker 1: the podcast, and we talked about the different asset classes
6:51
Speaker 1: that we had, and I thought it lent really well
6:54
Speaker 1: to actually asking a couple of questions of our team
6:57
Speaker 1: and how we want to invest in, maybe what we're
6:59
Speaker 1: thinking about investing in in twenty twenty one, and maybe
7:02
Speaker 1: what we've already done already. So back to you, Jess.
7:04
Speaker 1: I know that one of your goals is actually to
7:06
Speaker 1: start investing or understand investing a little bit more because
7:08
Speaker 1: you mentioned it on our first podcast. If the year,
7:11
Speaker 1: can you tell me a little bit about why and
7:13
Speaker 1: when and where, and like, what's the plan.
7:15
Speaker 4: I want to get into big girl investing. Put on
7:17
Speaker 4: my big girl pants. I know and understand the lay
7:21
Speaker 4: of the land in terms of micro investing.
7:23
Speaker 1: I get it.
7:23
Speaker 4: I think a lot of our community members can relate.
7:26
Speaker 4: I'm kind of at the point where I'm like, I
7:27
Speaker 4: don't have a spare twenty grand lying around to just
7:30
Speaker 4: chuck on in there, but I'm ready to commit to allocating,
7:32
Speaker 4: like you know, a portion of my pay every month
7:35
Speaker 4: to kind of let that build and let that grow.
7:37
Speaker 4: I want to prioritize it. So I'm thinking after that
7:40
Speaker 4: last podcast on Wednesday that ETFs would maybe be the
7:44
Speaker 4: way to go. I'm looking at you with questions in
7:45
Speaker 4: my eyes so.
7:46
Speaker 1: That I'm not just your boss, I'm also your personal
7:48
Speaker 1: financial advisor now, so we can work that out.
7:51
Speaker 4: Love that for me, No, but yeah, I think just
7:54
Speaker 4: figuring out kind of what that next step is, and
7:56
Speaker 4: I feel like we have something exciting coming that might
7:57
Speaker 4: be able to help me out a little bit along
7:59
Speaker 4: the way, which really nice, but kind of that that
8:01
Speaker 4: middle step, I'm not you know, like Wolf of Wall Street,
8:04
Speaker 4: like money coming out of my ears. But also I'm
8:07
Speaker 4: not just chucking five bucks in my raise every month either.
8:10
Speaker 1: So tell me a little bit about what stopped you
8:13
Speaker 1: so far.
8:14
Speaker 4: I just didn't know enough. I think, like I just
8:16
Speaker 4: was very uneducated, and it is obviously intimidating, not when
8:20
Speaker 4: you don't know something. And obviously you hear a lot
8:23
Speaker 4: about the stock market potentially being volatile, and you're like, oh,
8:25
Speaker 4: I don't want to put money in and then not
8:27
Speaker 4: have money come out, and it's a whole thing. And
8:30
Speaker 4: then obviously I am kind of balancing saving for a
8:33
Speaker 4: house deposit as well. But I think, you know, with
8:35
Speaker 4: some careful planning and thinking about it and obviously coming
8:39
Speaker 4: to my personal financial advisor a couple of times a week,
8:42
Speaker 4: I can figure out a way to make that work
8:43
Speaker 4: for me.
8:44
Speaker 1: Ryan John, what are your thoughts on investing?
8:46
Speaker 3: Do you do it well? I do, as you know,
8:49
Speaker 3: v I am. It sounds like a really wanky book title,
8:52
Speaker 3: but I call it an accidental property investor.
8:56
Speaker 1: So gently fell into the ownerships most entitled in Australia.
9:02
Speaker 3: Like I said, it sounded like a wanky book title
9:04
Speaker 3: that something like Get Rich Quick scam artists would put out,
9:07
Speaker 3: But basically I bought a really cheap apartment when I
9:10
Speaker 3: lived in regional Western Australia, and I bought it for
9:12
Speaker 3: about two hundred and fifteen thousand dollars, which is just
9:15
Speaker 3: crazy to think now that I'm in Melbourne, because that
9:17
Speaker 3: would buy you literally nothing.
9:18
Speaker 1: I don't even think you can buy a car park
9:20
Speaker 1: in the Melbourne.
9:22
Speaker 3: Car So I bought a house and I had a
9:25
Speaker 3: person from work living in the spare room and renting
9:27
Speaker 3: and stuff.
9:28
Speaker 1: So wait, it was like a more than one bedroom.
9:31
Speaker 3: The two bedroom apartment on the beach in Western Australia. Yeah,
9:34
Speaker 3: so on the way towards Margaret River, and I was
9:36
Speaker 3: working in regional radio there and that's actually where I
9:39
Speaker 3: met my now wife, Bridget, because she's a winemaker and
9:41
Speaker 3: was working in the Margaret River money and I know
9:44
Speaker 3: so she herself had just bought a house.
9:46
Speaker 1: Just for those of you playing along at home. That
9:48
Speaker 1: was another mention of Ryan's wife.
9:50
Speaker 3: So Bridget also bought a house, a full proper three
9:53
Speaker 3: bedroom house, for like two hundred and sixty grand.
9:55
Speaker 1: Over baller in comparison to years.
9:58
Speaker 3: I know she was really living it up. We've owned
10:00
Speaker 3: our own houses before we met, and then we both
10:02
Speaker 3: moved over to the east side of the country, so suddenly,
10:05
Speaker 3: by accident, we have these two investment properties because the
10:07
Speaker 3: market was so low it wasn't worth selling, so we're like, oh,
10:10
Speaker 3: we'll just get some renters in and without intending to
10:13
Speaker 3: be property investors, we probably would have chosen to invest
10:15
Speaker 3: in shares if we were going to choose, but we
10:17
Speaker 3: just sort of ended up with it, and then we
10:19
Speaker 3: bought another house in Canberra, and now we've moved to Melbourne,
10:21
Speaker 3: so we've got those three houses, which again sounds glamorous,
10:25
Speaker 3: but as Victoria hears me winging, every time I get paid,
10:28
Speaker 3: I go cool, I need to top up that house,
10:30
Speaker 3: top up that house, and top up that house. And
10:32
Speaker 3: until you actually get ahead a little bit, property investing
10:35
Speaker 3: can definitely sound a lot more glamorous than it really is,
10:39
Speaker 3: because you're paying council rates, you're paying for when people
10:43
Speaker 3: message you and go, oh, the dishwasher is broken. Can
10:45
Speaker 3: you send around a person? And there's all these extra
10:47
Speaker 3: little fees and stuff, which when we do the property
10:49
Speaker 3: investing episode we'll talk about. But it is not that
10:52
Speaker 3: it's a really bad thing overall, but there are a
10:54
Speaker 3: lot of extra costs that we have to sort of
10:56
Speaker 3: top up from time to time. And is that a
10:59
Speaker 3: kind of a common theme with investment properties. You'd say
11:01
Speaker 3: they can be a lot more expensive and a pain
11:03
Speaker 3: in the butt that.
11:04
Speaker 1: People, and I think that people get. I think that
11:08
Speaker 1: investment property gets romanticized in a way because it sounds
11:11
Speaker 1: so perfect. You save up your deposit and then you
11:13
Speaker 1: get a renterer in and they'll pay your mortgage off,
11:16
Speaker 1: and it just pragmatically doesn't often work that way. You
11:19
Speaker 1: might meet people that do have the rent that's coming
11:21
Speaker 1: in each and every single month covering their mortgage, and
11:24
Speaker 1: that's actually a really great outcome, but a lot of
11:26
Speaker 1: people don't have that and they have to top it up.
11:29
Speaker 1: And that's okay, and that's normal. You're still building equity
11:32
Speaker 1: in that asset. But I think it's really important to
11:34
Speaker 1: note that, you know, you might save for that deposit,
11:37
Speaker 1: but then it is an ongoing commitment of your cash
11:39
Speaker 1: flow essentially for the next thirty years if you're not
11:42
Speaker 1: paying it off sooner. So I think it's really important
11:44
Speaker 1: to consider that when talking about investment properties. And yes,
11:47
Speaker 1: for those of you playing along home Ryan does complain
11:49
Speaker 1: a lot about.
11:52
Speaker 3: And the simple thing is to say, oh, we earn
11:54
Speaker 3: this much in rent, and here's the mortgage, and the
11:56
Speaker 3: rent kind of covers the mortgage, and that's where you go.
11:58
Speaker 3: I had with this, But it is the or rates
12:01
Speaker 3: and the water bill and that sort of stuff that
12:02
Speaker 3: kind of adds up and we have to pay more.
12:04
Speaker 3: So we actually put money into it rather than a
12:06
Speaker 3: good investment which should be giving us money. Yeah, we're
12:09
Speaker 3: actually giving it money. But we keep reminding ourselves and actually,
12:11
Speaker 3: ve tell me right now, if this is a good
12:12
Speaker 3: thing about things that we tell ourselves are even though
12:15
Speaker 3: we have to top it up here and there, once
12:16
Speaker 3: they're all paid for in twenty or thirty years, this
12:18
Speaker 3: is you know, it's like superannuation. Again, it will pay
12:21
Speaker 3: off in the long run. Are we right in telling
12:22
Speaker 3: ourselves that.
12:23
Speaker 1: Or yeah, it's not a bad thing. Once it's all
12:25
Speaker 1: paid off and you have rent coming in, that does
12:27
Speaker 1: become an income source for you, especially in retirement, which
12:30
Speaker 1: is why a lot of people say they really want
12:32
Speaker 1: investment properties. But the thing with an investment property is
12:35
Speaker 1: it's super valuable to you once you've paid off the
12:38
Speaker 1: entire mortgage. So if you're like, oh my gosh, I'm
12:40
Speaker 1: going to go buy a million dollar property, because the
12:43
Speaker 1: rental returns on that are really great, but they definitely
12:46
Speaker 1: aren't covering your million dollar mortgage.
12:48
Speaker 3: Can I quickly tell a story about the person that's renting.
12:51
Speaker 3: I wonder if she listens to that. She's a young
12:52
Speaker 3: school teacher, the girl who rents my apartment in Bumbray.
12:55
Speaker 3: We get this email and it says, hey, Ryan, there's
12:58
Speaker 3: something wrong with the hot water. After about twenty minutes
13:01
Speaker 3: in the shower, the water's not hot anything.
13:04
Speaker 1: Are you joking?
13:05
Speaker 4: No?
13:05
Speaker 3: And I'm guessing she's grown up in a place that
13:07
Speaker 3: has you know, that was the ever stream or whatever
13:09
Speaker 3: they're kind of called. And I said, oh, hey, it's finite. Yeah,
13:13
Speaker 3: it's there's this cupboard off the bathroom it's got that's
13:17
Speaker 3: the hot water tanks in that like you can see it.
13:19
Speaker 3: Once it runs out, it's all done. And she says, no, no,
13:21
Speaker 3: I'm pretty sure there's a problem with the hot water.
13:23
Speaker 3: And I said, to it, you just don't have so
13:26
Speaker 3: I send an email. So cool, get the plumber or
13:28
Speaker 3: the hot water person, whatever you need. If you've just
13:31
Speaker 3: used all the hot water, then you have to pay
13:33
Speaker 3: that one hundred dollars fee. For them just to turn
13:34
Speaker 3: up and if there is legitimately a problem, I'll fix it.
13:38
Speaker 3: No problems at all, I'll pay for it.
13:40
Speaker 1: So that is sassy from you, by the way, because
13:42
Speaker 1: you you knew what wasn't endless hot water.
13:46
Speaker 3: She wouldn't take it, she wasn't having it. She wasn't
13:48
Speaker 3: having it, doesn't having it. So I kind of forgot
13:49
Speaker 3: about it, and then a month later I get this
13:51
Speaker 3: email and just said, dear Ryan, you will not be
13:54
Speaker 3: required to pay the.
13:55
Speaker 1: Plumb Just apologies to you. If you listened to our podcast,
14:01
Speaker 1: we just made a really great segment out.
14:04
Speaker 3: Like I said, she's a young school teacher female, which is.
14:10
Speaker 1: Right, but you might not have understood that, and there
14:13
Speaker 1: might be some people that are like I fully didn't
14:15
Speaker 1: understand that. That's not a thing.
14:17
Speaker 4: What hot water runs out you about your finance.
14:22
Speaker 1: Utilities. So when I grew up, I had less hot
14:25
Speaker 1: water at my house.
14:27
Speaker 3: That says everything you need to know about Victoria divine.
14:29
Speaker 1: Yeah, okay, like that definitely doesn't. But okay, so had
14:34
Speaker 1: in less hot water, and it was like the ongoing
14:37
Speaker 1: argument in my house of my parents trying to drag
14:40
Speaker 1: me out of the shower, like I remember vividly my
14:43
Speaker 1: dad banging on the door being like, get out of
14:46
Speaker 1: the shower, and me being like me what he was
14:51
Speaker 1: trying to do, and as like a sixteen year old,
14:54
Speaker 1: like try me, sixteen year old Victoria, not a pleasant.
14:58
Speaker 4: Human getting out of the shower.
15:00
Speaker 1: Not getting out of the shower, not having whatever you've
15:02
Speaker 1: got to serve.
15:03
Speaker 3: All right, we will get to Victoria and Georgia's investments,
15:06
Speaker 3: but first of all, let's just do a quick message
15:09
Speaker 3: from our partners. All right, we are talking about our
15:25
Speaker 3: investments because we did an investment episode a few days ago. Georgia,
15:28
Speaker 3: key ah, You've been the host of Australia's number one
15:31
Speaker 3: money podcast. But the last year has any of it
15:34
Speaker 3: sunk in?
15:36
Speaker 2: Look bits and pieces here and there? No, No, it hasn't. No,
15:42
Speaker 2: I'm getting there.
15:43
Speaker 4: I have.
15:43
Speaker 2: I was just saying to Jess before that I have
15:47
Speaker 2: big plans for twenty twenty one, as a lot of
15:49
Speaker 2: us I do. I think I am again in a
15:53
Speaker 2: similar position to Jess, still ready to take those steps
15:57
Speaker 2: into investing properly, the big Girl way. But also I
16:02
Speaker 2: would be lying if I said that property wasn't still
16:05
Speaker 2: on the list of to do in the next five
16:07
Speaker 2: years or so. But I mean, the world is a
16:09
Speaker 2: crazy place, so who knows if that's possible. But that's
16:11
Speaker 2: kind of where I'm at.
16:13
Speaker 3: Does the price of property scare you off and put
16:16
Speaker 3: you off wanting to save for that? You live right
16:19
Speaker 3: in town at the moment, right.
16:20
Speaker 2: Right in town, But I don't think I would buy
16:24
Speaker 2: up here. I'd go I'm from the beach, so I'd
16:26
Speaker 2: probably go more regional anyway, which is slightly more affordable,
16:29
Speaker 2: but still ridiculous.
16:30
Speaker 3: So it does.
16:31
Speaker 2: It definitely puts you off. I think it puts us
16:33
Speaker 2: all off. But I think just continuing to save and
16:36
Speaker 2: save and save for that is kind of where I'm at.
16:39
Speaker 2: I can feel Victoria gazing at me from my left
16:42
Speaker 2: side over here.
16:43
Speaker 1: I don't think it's a bad idea to do that
16:45
Speaker 1: at all. No, at the end of the day, I
16:47
Speaker 1: always say, invest in line with your values and spend
16:50
Speaker 1: your money where you want to spend your money. What
16:53
Speaker 1: my job is to actually educate you on all of
16:55
Speaker 1: the options that exist, and not tell you to go
16:58
Speaker 1: one way or another just because I do so, or
17:00
Speaker 1: I say, oh my gosh, shares my favorite shares are
17:02
Speaker 1: my personal favorite, but like you might like your vodka
17:06
Speaker 1: Guava Cruzer, but I might like raspberry. That's not true,
17:09
Speaker 1: but like we might be a little bit different, and
17:11
Speaker 1: that's totally okay. But my job is literally making sure
17:15
Speaker 1: that you have the tools and resources available to you
17:17
Speaker 1: to make the decision that is right for you, not
17:19
Speaker 1: the decision that is right for me personally. And I
17:22
Speaker 1: think that's something that's really important to get across as well,
17:25
Speaker 1: because I think people are like, oh my gosh, I
17:26
Speaker 1: have to start investing because if she's on the money,
17:28
Speaker 1: If that's because you've just discovered it and you're starting
17:31
Speaker 1: to learn about it and it aligns to your goals
17:32
Speaker 1: and values, fantastic. But I'm not trying to talk you
17:34
Speaker 1: out of buying your first home if that's your dream,
17:36
Speaker 1: Like I want that for you so much, but I
17:39
Speaker 1: don't want you to have that if you feel like
17:41
Speaker 1: that's your only option.
17:43
Speaker 3: Yeah.
17:43
Speaker 2: No, I think I've just learned a lot for sure
17:45
Speaker 2: doing this podcast for the last twelve thirteen months, and
17:49
Speaker 2: investing in shares is something I definitely want to do
17:51
Speaker 2: as well, which I probably if I wasn't the co
17:53
Speaker 2: host of this podcast, I wouldn't have thought about before.
17:56
Speaker 1: So thanks me.
17:57
Speaker 3: Yeah, say the most impressive things that I've heard during
18:02
Speaker 3: my time working with you guys, that she's on the money.
18:05
Speaker 3: Is hearing Victoria just give that inspirational speech and putting
18:08
Speaker 3: vodka cruises as the example. That is a real treat.
18:12
Speaker 3: All right, So myself, Jess and Georgia have all gone,
18:16
Speaker 3: do we take a deep breath us three as we
18:18
Speaker 3: ask Victoria.
18:19
Speaker 1: Breathe, Frands breathe. It's not Honestly, it is not nearly
18:23
Speaker 1: as exciting as you would have thought it would be.
18:25
Speaker 1: I think I'm really opening myself up here to tell
18:28
Speaker 1: you how much I have invested in Cheese on the Money.
18:30
Speaker 1: And I did sell a lot of my shares so
18:32
Speaker 1: that I could invest in Cheese on the Money and
18:34
Speaker 1: I could fund that. And I'm really grateful that past
18:37
Speaker 1: me actually had those assets to be able to liquidate
18:40
Speaker 1: so that I could invest it in Cheese on the Money.
18:42
Speaker 1: And I'm not saying you should sell your shares and
18:43
Speaker 1: start a business, but I am saying, if it is
18:45
Speaker 1: in line with your values. That was something that really
18:48
Speaker 1: enabled me to make sure that I still held Cheese
18:51
Speaker 1: on the Money as mine. I didn't have to go
18:53
Speaker 1: and get someone else in to make sure that I
18:55
Speaker 1: could keep the cogs turning per se. When it comes
18:59
Speaker 1: down to it, Yes, I do own a share portfolio.
19:02
Speaker 1: I'm probably a little bit risky. How did you guys
19:04
Speaker 1: say that? Coming I own ETFs. I also own direct shares.
19:09
Speaker 1: I own a well diversified portfolio, like small portfolio of
19:12
Speaker 1: direct shares. And the reason I do that is purely
19:15
Speaker 1: because I'm interested in them. It's not well diversified in
19:19
Speaker 1: the grand scheme of things. It's just purely because I'm like, oh,
19:21
Speaker 1: I'd really like to follow that. And something that I
19:23
Speaker 1: get really excited about is actually following my share portfolio
19:26
Speaker 1: and following the market and seeing what's going on. And
19:29
Speaker 1: this is one of those things that is to do
19:31
Speaker 1: as I say, not as I do. And I do
19:32
Speaker 1: sometimes take a bit of a punt on a share.
19:35
Speaker 1: I'm not saying which ones I have taken punts on historically,
19:39
Speaker 1: but I do do that because I'm really excited about it,
19:42
Speaker 1: and I go, oh, my gosh. I've read literally every
19:44
Speaker 1: annual report of the last ten years of this business,
19:47
Speaker 1: and I think this is the year for it.
19:49
Speaker 3: I can confirm that Victoria went in on a punt
19:51
Speaker 3: and I went in with it, and that has not
19:52
Speaker 3: been one of the successful ones.
19:54
Speaker 1: Yea, not yet, not yet, but that I'm very excited
19:57
Speaker 1: about that. I'm reading there on your reports and oh
20:00
Speaker 1: my gosh, I'm so.
20:01
Speaker 3: Excited, George. I think you were there that day.
20:05
Speaker 1: Say what it is legally I can't, but I think
20:07
Speaker 1: it's one of those things where I'm really excited about that.
20:09
Speaker 1: And I told you that was a twelve month minimum play.
20:12
Speaker 3: Come on, I'm just saying that the first few months
20:14
Speaker 3: is really.
20:16
Speaker 1: And I feel I'm still in I'm ready to go.
20:19
Speaker 1: So over the last twelve months, guys, I bought in
20:21
Speaker 1: a share and I was very excited about it, and
20:23
Speaker 1: I did put some money where my mouth was when
20:26
Speaker 1: I take a punt. And I think this is really
20:28
Speaker 1: important for you gut us to understand. Is I am
20:30
Speaker 1: not putting money up that would cripple me if I
20:34
Speaker 1: lost it. When I take a punt, I'm putting a number,
20:36
Speaker 1: let's call it, like five hundred dollars up, knowing full
20:39
Speaker 1: well that if it doesn't go well, I am going
20:42
Speaker 1: to lose that money. And that is a very privileged
20:45
Speaker 1: position to be in, to be able to say okay,
20:48
Speaker 1: I'm going to put this money here because you know,
20:49
Speaker 1: I do genuinely believe it will change. But if it doesn't,
20:52
Speaker 1: it doesn't. And this is where people see shares and
20:55
Speaker 1: they just assume all shares are like this, and it's not.
20:58
Speaker 1: But I have put some money in a share. I
21:00
Speaker 1: think I bought in at three dollars fifteen. It's currently
21:02
Speaker 1: at two dollars thirty nine. So I am not a
21:04
Speaker 1: winner this week. That might be my money loss, but
21:06
Speaker 1: I do genuinely, over the long term, believe in this company,
21:09
Speaker 1: and I'm still really happy that I bought in at
21:11
Speaker 1: that amount and I back it still. When we talk
21:14
Speaker 1: about shares, I think it's really important to understand that
21:17
Speaker 1: I am a little bit more educated than the average
21:19
Speaker 1: bear when it comes to this kind of stuff. So
21:22
Speaker 1: for me to go and buy a direct share, it
21:24
Speaker 1: does not mean that this is what you should be doing.
21:26
Speaker 1: I did start my investment journey with micro investing platforms,
21:30
Speaker 1: and I still use micro investing platforms. I use one
21:33
Speaker 1: that rounds up, and I really like that because it
21:35
Speaker 1: kind of does add up and it's really exciting, and
21:37
Speaker 1: I feel like I should have that platform purely because
21:41
Speaker 1: my community does and I want to be able to
21:42
Speaker 1: relate to you guys and understand what you're going through,
21:45
Speaker 1: and when you've got questions, I can send screenshots of
21:47
Speaker 1: you know, well, this is what that portfolio looks like,
21:49
Speaker 1: and these are the updates, and these are the things
21:51
Speaker 1: that I do like. So I do genuinely still use
21:54
Speaker 1: that and love that and will continue to do so.
21:57
Speaker 1: But when I do reach a certain amount in that,
21:59
Speaker 1: I do it into my ETF portfolio. And then I
22:03
Speaker 1: had cash, and now I have very little cash because
22:06
Speaker 1: I have just purchased my first home. So for me,
22:09
Speaker 1: that is what my investment journey looks like. And over
22:12
Speaker 1: the next twelve months, my priority will be paying off
22:15
Speaker 1: my mortgage a little bit more, because it makes the
22:17
Speaker 1: most sense to really stabilize that. My partner and I
22:19
Speaker 1: really want to pay off enough of that mortgage so
22:22
Speaker 1: that one of our this isn't going to take twelve months, Frans,
22:25
Speaker 1: this is going to take a while, but so that
22:27
Speaker 1: one of our incomes can service the mortgage. And then
22:31
Speaker 1: once we get to that point, every other dollar that
22:33
Speaker 1: we earn will go into shares so that we can
22:35
Speaker 1: turbocharge our future retirement.
22:38
Speaker 3: So of the investments you have in shares. What percentage
22:41
Speaker 3: overall would you say are in ETF and what percentage
22:43
Speaker 3: are in singular stocks? And what percentage would say you
22:46
Speaker 3: would inverted commas the punt stocks like the kind of.
22:50
Speaker 1: Okay, friends, binary this all right? So five percent is
22:52
Speaker 1: in my microinvesting platforms, fifteen percent is in just me
22:57
Speaker 1: taking a punt, and I would say eighty percent is
23:00
Speaker 1: in my atfs.
23:02
Speaker 3: Did that equal one hundreds?
23:02
Speaker 1: Canyone check that twenty plus five plus fifteen plus eighty
23:06
Speaker 1: is one hundred, my friend, I'm that's why.
23:09
Speaker 3: Yeah, the leading financial advisor INDUSTRYLGA.
23:12
Speaker 1: But I do know exactly what's going on, and I
23:14
Speaker 1: actually use a platform personally where I have connected everything
23:19
Speaker 1: up in the background so that I can keep track
23:21
Speaker 1: of what my overall portfolio is. So something that is
23:24
Speaker 1: also really important to understand is that a portfolio is
23:27
Speaker 1: actually everything you own. So Ryan, that would include you
23:30
Speaker 1: have an investment portfolio, yours just owns property, and Jess,
23:34
Speaker 1: you have a portfolio. Yours is just currently in cash
23:38
Speaker 1: and in microinvesting in Georgia, and yours's cash.
23:41
Speaker 2: Ah, not wrong, not wrong.
23:44
Speaker 1: But I have a portfolio and it's made up of
23:47
Speaker 1: lots of different things. It's not one specific portfolio. You
23:50
Speaker 1: don't have multiple portfolios. You have a portfolio and that
23:53
Speaker 1: is essentially all the things that are wealth generating assets.
23:57
Speaker 1: So that is what mine is made up of. Friends,
23:59
Speaker 1: and I'm very happy to share that. You will see
24:01
Speaker 1: the ETFs make up a very large amount of that.
24:05
Speaker 1: And the reason they do is because they are as
24:07
Speaker 1: stable as it. And as I told you guys, I
24:09
Speaker 1: am not wealthy enough, not nearly wealthy enough to have
24:13
Speaker 1: just a direct share portfolio. So just before Georgia King
24:17
Speaker 1: tries to wrap us, we would really like to acknowledge
24:20
Speaker 1: and pay respect to Australia's Aboriginal and Torres Straight islander peoples,
24:24
Speaker 1: the traditional custodians of the lands, the waterways and the
24:27
Speaker 1: skies all across Australia. We thank you for sharing and
24:30
Speaker 1: for carrying on the land which we are able to learn.
24:32
Speaker 1: We pay our respects to elder's past and present, and
24:35
Speaker 1: we share our friendship and our kindness.
24:37
Speaker 2: Now, the advice shared on She's on the Money is
24:39
Speaker 2: general in nature and does not consider your individual circumstances.
24:42
Speaker 2: She Is on the Money exists purely for educational purposes
24:45
Speaker 2: and should not be relied upon to make an investment
24:48
Speaker 2: or a financial decision, and we promise. Victoria Devine is
24:51
Speaker 2: an authorized representative of Australia Pacific Funds Management Priority Limited
24:55
Speaker 2: ab IN three four one three two four six three
24:58
Speaker 2: two five seven AFSL three three nine one five one.
25:02
Speaker 2: And a big thank you to Brian Beck and Jess
25:04
Speaker 2: were putting it all together.
25:06
Speaker 1: Also to Victoria for bringing good for cruises bloody oh
25:10
Speaker 1: cheers the table. Also just to remind that just because
25:14
Speaker 1: we're drinking and the show doesn't mean that we drink excessively.
25:17
Speaker 1: Please remember to drink responsibly. Friends, See you next week.
25:21
Speaker 1: Bye bye bye