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Investing On A Low Income · She's On The Money

• 0:00
  Speaker 1: Hello.
• 0:01
  Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
• 0:05
  Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we
• 0:08
  Speaker 2: get started on She's on the Money podcast, I would
• 0:11
  Speaker 2: like to acknowledge the traditional custodians of the land of
• 0:14
  Speaker 2: which this podcast is recorded on a wondery country, acknowledging
• 0:18
  Speaker 2: the elders, the ancestors and the next generation coming through
• 0:23
  Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 2: the storytelling of you to make a difference for today
• 0:31
  Speaker 2: and lasting impact for tomorrow.
• 0:33
  Speaker 1: Let's get into it.
• 0:34
  Speaker 3: She's on the Money. She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's on the Money podcast for
• 1:00
  Speaker 4: millennials who want financial freedom. My name is beck Syed
• 1:03
  Speaker 4: and with me is Victoria Divine.
• 1:06
  Speaker 1: I Reckon.
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  Speaker 4: Let's talk more about investments today.
• 1:09
  Speaker 1: V what do you think.
• 1:10
  Speaker 5: I'm very excited to have been given permission to do
• 1:14
  Speaker 5: more investing content as you know, Yes, my favor, I'm
• 1:17
  Speaker 5: ready for this.
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  Speaker 1: I'm so excited.
• 1:18
  Speaker 5: I don't know if you are actually excited, but you
• 1:20
  Speaker 5: seem excited to be.
• 1:21
  Speaker 1: He've got a coffee. You're ready, But let's get into it.
• 1:25
  Speaker 4: I'm so ready, but as you know, I have like
• 1:28
  Speaker 4: no money. I kind of just got like a better
• 1:30
  Speaker 4: paying job, as you know.
• 1:31
  Speaker 1: But right now I.
• 1:32
  Speaker 5: Think saying I have no money, that's that's a fact.
• 1:35
  Speaker 5: That's like you don't have nothing, but yeah, when you
• 1:37
  Speaker 5: have opportunity. You have such an epic salary now and
• 1:41
  Speaker 5: I'm not going to share it on the pod.
• 1:42
  Speaker 4: But like she's doing well, you're doing he's doing well
• 1:45
  Speaker 4: for every Eventually I'll be doing well. I've got so
• 1:48
  Speaker 4: much back pay of like all these things that I
• 1:49
  Speaker 4: haven't paid for in years, like a service for my car.
• 1:52
  Speaker 4: Eventually I'll be doing well when I'm.
• 1:54
  Speaker 5: So sexy up. But just having the ability to pay
• 1:58
  Speaker 5: for things like that. I feel like this episode obviously
• 2:01
  Speaker 5: is investing. We're going to talk about investing on a
• 2:03
  Speaker 5: low income, which you would have seen when.
• 2:04
  Speaker 1: You clicked the title.
• 2:06
  Speaker 5: But I would hate for people to think that this
• 2:08
  Speaker 5: is going to be the priority over all of those
• 2:10
  Speaker 5: other important things. Like you know, we're not going to
• 2:12
  Speaker 5: talk about it too much, but I genuinely think we
• 2:14
  Speaker 5: should be setting up our financial foundations right like it's
• 2:18
  Speaker 5: making sure that your car is serviced and you are
• 2:20
  Speaker 5: safe on the roads, making sure you have an emergency
• 2:23
  Speaker 5: account and building that up because if anything does happen,
• 2:25
  Speaker 5: you've got something to fall back on. And if you've
• 2:28
  Speaker 5: always lived on a low income, that emergency fund is
• 2:31
  Speaker 5: going to feel like financial freedom wrapped up in a
• 2:33
  Speaker 5: little bundle. That makes you feel so empowered because you've
• 2:37
  Speaker 5: just never had that before. Yeah, Like you've just never
• 2:39
  Speaker 5: been in a situation where if something happens, you end
• 2:42
  Speaker 5: up in a circumstance where it's.
• 2:43
  Speaker 1: Like, oh well, actually, Beck, that's fine because you've got
• 2:45
  Speaker 1: savings for that.
• 2:47
  Speaker 5: Tot doesn't seem sexy. But I mean, that's not what
• 2:49
  Speaker 5: we're talking about today. But like I think we should
• 2:52
  Speaker 5: really address before we talk about this, This investing on
• 2:56
  Speaker 5: a low income comes after all the basics have been met,
• 2:59
  Speaker 5: and you know what, it's okay to not be able
• 3:01
  Speaker 5: to invest at this point in life. I do think
• 3:03
  Speaker 5: that this content is really about educating you so that
• 3:06
  Speaker 5: you have the best opportunities and you know what investing is.
• 3:09
  Speaker 5: But there are so many people in our community right
• 3:12
  Speaker 5: now who are struggling with the rising cost of living
• 3:14
  Speaker 5: or how much their mortgage is gone up, or how
• 3:16
  Speaker 5: much their rent has gone up, or just putting food
• 3:18
  Speaker 5: on the table, or they might be struggling with employment.
• 3:20
  Speaker 5: And I think that content like this, if not framed properly,
• 3:23
  Speaker 5: could make you feel really bad.
• 3:25
  Speaker 1: Because you go, oh my gosh, I listened to this
• 3:27
  Speaker 1: podcast and it.
• 3:28
  Speaker 5: Said that I had to be investing otherwise I'm not
• 3:31
  Speaker 5: doing the right thing financially.
• 3:32
  Speaker 2: Right.
• 3:32
  Speaker 1: That's not true. No, that's not true at all.
• 3:35
  Speaker 5: Like, yeah, to create like long term financial security. In
• 3:39
  Speaker 5: a perfect world, everyone would have the ability to invest,
• 3:42
  Speaker 5: but our government's been doing us a dirty Beck, And
• 3:44
  Speaker 5: we're not all in that position. And I think that
• 3:47
  Speaker 5: as long as we're educating ourselves and know that we
• 3:50
  Speaker 5: have that opportunity, at some point might not be today.
• 3:53
  Speaker 5: And that's okay. I think we just need to understand
• 3:56
  Speaker 5: that because it's also not about judging.
• 3:57
  Speaker 1: And going, oh my gosh.
• 3:58
  Speaker 5: Well Victoria is talking to Beck and has a good
• 4:00
  Speaker 5: salary so she can doesn't have kids, so she doesn't
• 4:03
  Speaker 5: know what it's like. Sure, my experience is not your experience,
• 4:07
  Speaker 5: and that is totally okay, But we should be celebrating
• 4:10
  Speaker 5: the fact that we're all in a position where if
• 4:12
  Speaker 5: one of us is successful, we're all successful. Like a
• 4:15
  Speaker 5: rising kite is going to lift all ships and we
• 4:16
  Speaker 5: should all be educated on this.
• 4:18
  Speaker 1: That is beautiful.
• 4:20
  Speaker 2: It was.
• 4:20
  Speaker 1: Are we done? Like I can just leave now, Mic
• 4:22
  Speaker 1: drop go away.
• 4:24
  Speaker 4: No, it kind of feels like that, But I do
• 4:25
  Speaker 4: have some questions. That's okay, I'm ready. First of all,
• 4:29
  Speaker 4: is it even worth it to invest if you have
• 4:32
  Speaker 4: no money?
• 4:33
  Speaker 1: Yeah? Absolutely it is.
• 4:34
  Speaker 5: And I feel like for a lot of people, it's
• 4:36
  Speaker 5: going to be a foreign concept that we haven't tackled before.
• 4:39
  Speaker 5: I mean, Becky and I have spoken about it before.
• 4:41
  Speaker 5: Your parents wouldn't have taught you about investing because it
• 4:43
  Speaker 5: just wasn't something that was even on their radars. It
• 4:46
  Speaker 5: wasn't an option, it wasn't something that you were surrounded by.
• 4:49
  Speaker 5: So now you're kind of starting at base levels and
• 4:51
  Speaker 5: we're building up that financial literacy. So one day you're
• 4:54
  Speaker 5: going to go, oh, I'm doing this, and I cannot
• 4:56
  Speaker 5: wait for the day where you're like, yep, and I
• 4:58
  Speaker 5: own this ETF and doing this, and.
• 5:00
  Speaker 1: I'm just gonna be like bare clok where you've come from, Like,
• 5:02
  Speaker 1: warn't that be wild dubbing it?
• 5:05
  Speaker 5: Not only are you investing, because like investing can be
• 5:07
  Speaker 5: really transactional, right, Like you could become an investor, and
• 5:10
  Speaker 5: I mean you are already because you've got superannuation.
• 5:13
  Speaker 1: But you could go download the.
• 5:14
  Speaker 5: Shares exapp and pop five bucks on an ETF or
• 5:17
  Speaker 5: in an ETF sorry, and go from there and that
• 5:19
  Speaker 5: would make you an immediate investor. But the important thing
• 5:22
  Speaker 5: to me is actually that you understand that you understand
• 5:25
  Speaker 5: the concept of investing. You understand what you've put your
• 5:27
  Speaker 5: money in and why you've put your money in there,
• 5:29
  Speaker 5: and you understand what potential dividends and yield that's going
• 5:32
  Speaker 5: to have, and that doesn't come overnight. But at the
• 5:34
  Speaker 5: end of the day, the question you're asking is Victoria
• 5:37
  Speaker 5: is at worth investing small amounts of money? And the
• 5:40
  Speaker 5: answer is unequivocally yes. And there's a few reasons for this.
• 5:44
  Speaker 5: So investing small amounts of money sets you up for
• 5:47
  Speaker 5: the best possible financial security and financial success long term.
• 5:51
  Speaker 5: It's not going to be a secret that five bucks
• 5:54
  Speaker 5: every single month is not going to create a secure retirement, right,
• 5:58
  Speaker 5: But you know what it does do educates you on
• 6:00
  Speaker 5: the process. It puts you in control of having a
• 6:03
  Speaker 5: platform that you know has that power behind it. It
• 6:07
  Speaker 5: means that that platform already exists, should you come into
• 6:10
  Speaker 5: some extra money that you do want to invest, you
• 6:12
  Speaker 5: know how to invest it and what that means. It
• 6:14
  Speaker 5: puts you in a position of power where every single
• 6:17
  Speaker 5: time your income increases, instead of falling victim to lifestyle
• 6:21
  Speaker 5: creep and being like, oh my gosh, I just don't
• 6:23
  Speaker 5: know where all my money is going back, you can
• 6:25
  Speaker 5: go all right, well, actually I've gotten a pay rise.
• 6:28
  Speaker 5: I'm going to contribute this to my pre existing portfolio,
• 6:30
  Speaker 5: and there's not a lot of thought about it. It
• 6:33
  Speaker 5: puts you in the position where you are not only
• 6:36
  Speaker 5: educated on the topic, but you've walked to the walk.
• 6:38
  Speaker 5: You know exactly what it means and how it works
• 6:41
  Speaker 5: and how it makes you feel. You know, oh my gosh,
• 6:43
  Speaker 5: I've been in this particular ETF. But I've now changed
• 6:46
  Speaker 5: my mind and I want something a bit more ethical
• 6:48
  Speaker 5: because my values aligned differently, and like, that's a really
• 6:51
  Speaker 5: cool position to be in. I want you to and
• 6:54
  Speaker 5: perfectly on a lower income, because like, the less you're investing,
• 6:57
  Speaker 5: the less risk there is.
• 6:59
  Speaker 6: Right.
• 7:00
  Speaker 5: I want you to see the ebbs and flows of
• 7:01
  Speaker 5: the market. I want you to log into your account
• 7:03
  Speaker 5: sometimes and see that it's a bit off and go.
• 7:05
  Speaker 1: Oh, I don't really like that.
• 7:07
  Speaker 5: I've never logged into my account even when I was
• 7:09
  Speaker 5: a financial advisor and thought, oh, it's off. I love that,
• 7:13
  Speaker 5: Like it makes me feel a little bit sick.
• 7:14
  Speaker 1: I'm like, oh, have I done the wrong things?
• 7:16
  Speaker 5: Like where you log in, if you see you have less,
• 7:19
  Speaker 5: you are automatically going to feel that that's negative. Right,
• 7:22
  Speaker 5: But then when I stay invested over the long term,
• 7:24
  Speaker 5: that increases again and it builds itself back up. I
• 7:27
  Speaker 5: want you to have that experience before we get to
• 7:30
  Speaker 5: the big dollar amounts, right. I want you to be
• 7:32
  Speaker 5: okay with investing five bucks and then going all right, well,
• 7:35
  Speaker 5: I mean it's down four dollars this week, that's kind
• 7:38
  Speaker 5: of okay, that's all right because it's not four thousand
• 7:41
  Speaker 5: dollars instead of five thousand dollars.
• 7:43
  Speaker 1: You know, if I can.
• 7:44
  Speaker 5: Teach you with the small amounts the big amount it's
• 7:46
  Speaker 5: not going to be stressful, like you're setting yourself up
• 7:49
  Speaker 5: for future success and at the end of the day,
• 7:52
  Speaker 5: like it does financially benefit you. So if you're investing
• 7:56
  Speaker 5: over a ten year period with an average rate of
• 7:58
  Speaker 5: return of six percent, which is really low because we
• 8:01
  Speaker 5: know the average rate of return of the Australian share
• 8:03
  Speaker 5: market over the last thirty years has been nine point
• 8:06
  Speaker 5: eight percent. Right, I've just gone with six because we're
• 8:08
  Speaker 5: pretty conservative in this house. If you're investing twenty five
• 8:11
  Speaker 5: bucks a month, which I think is for a lot
• 8:14
  Speaker 5: of people start point because they just go, all right, well,
• 8:17
  Speaker 5: I can't afford a whole heap, but I want not
• 8:19
  Speaker 5: five dollars and I don't want ten.
• 8:21
  Speaker 1: I want maybe twenty five.
• 8:22
  Speaker 5: I feel like that feels comfortable, comfortable, It feels comfortable.
• 8:25
  Speaker 5: If you had saved twenty five dollars each and every
• 8:28
  Speaker 5: single month for ten years, you'd have three thousand dollars.
• 8:31
  Speaker 5: But if you had invested it with an average rate
• 8:34
  Speaker 5: of return of six percent, you'd have four thousand and
• 8:36
  Speaker 5: ninety seven dollars. Oh wow, that's one thousand and ninety
• 8:39
  Speaker 5: seven dollars more than you wouldn't have had before. Right,
• 8:42
  Speaker 5: Like from little things, big things really do grow. And
• 8:45
  Speaker 5: I mean the power of compounding happens one with the
• 8:49
  Speaker 5: scale of what you're investing, but two with time. So
• 8:51
  Speaker 5: if you went from ten years to twenty years, that
• 8:53
  Speaker 5: would probably double again. Because money on average based on
• 8:58
  Speaker 5: the rule of seventy two, which is a finance concept
• 9:01
  Speaker 5: that basically says that money doubles. Let's call it every
• 9:04
  Speaker 5: ten years, that in another ten years from now, that
• 9:06
  Speaker 5: one thousand's going to be worth two thousand, and then
• 9:09
  Speaker 5: in another ten years that two thousand is going to
• 9:11
  Speaker 5: be worth four thousand, and then in another ten years
• 9:13
  Speaker 5: that four thousand's worth eight thousand. So the power of
• 9:16
  Speaker 5: compounding is actually in time. But hypothetically, if you were
• 9:19
  Speaker 5: investing fifty bucks a month, if you'd saved that, that
• 9:22
  Speaker 5: would be double what you were doing with twenty five,
• 9:24
  Speaker 5: So that'd be six grand, But if you invested it,
• 9:27
  Speaker 5: it'd be eight thousand, one hundred and ninety four dollars.
• 9:29
  Speaker 5: That's a difference of just over two grand.
• 9:32
  Speaker 1: That's sick, pretty sweet, that's sick.
• 9:35
  Speaker 5: Like So I feel like we really need to normalize
• 9:38
  Speaker 5: investing small amounts because I think so many times, and
• 9:41
  Speaker 5: you guys would have heard me on the pod before
• 9:42
  Speaker 5: being like, oh, well, if you invest five hundred dollars
• 9:44
  Speaker 5: a month, I use that as a good example to
• 9:47
  Speaker 5: educate you. Not because I immediately think everyone can afford
• 9:50
  Speaker 5: five hundred bucks a month, No way, like.
• 9:52
  Speaker 1: In this economy.
• 9:53
  Speaker 4: Not in this economy, this economy you're dreaming exactly, you're dreaming.
• 9:57
  Speaker 5: And I feel like, if you are investing five hundred
• 10:00
  Speaker 5: dollars a month, that's awesome, congrats on the privilege, that's
• 10:04
  Speaker 5: absolutely fantastic. If you're doing more than that, like get
• 10:07
  Speaker 5: it clean, I'm so excited for you. But I also
• 10:09
  Speaker 5: wouldn't want people in our community feeling awful because they're
• 10:13
  Speaker 5: not achieving the goals that other people are achieving. I've
• 10:15
  Speaker 5: talked about it so many times. You're all on different trajectories,
• 10:18
  Speaker 5: you are all on different journeys, we're all at different
• 10:21
  Speaker 5: stages in those journeys. Yes, and I would hate for
• 10:24
  Speaker 5: you to go, oh my gosh, well, if I'm not
• 10:25
  Speaker 5: investing five hundred dollars a month, because that's Victoria's like
• 10:28
  Speaker 5: go to example, that means it's not good enough.
• 10:31
  Speaker 1: No, it's just a really sexy number. To be honest,
• 10:34
  Speaker 1: it is.
• 10:34
  Speaker 4: It's nice, like.
• 10:35
  Speaker 1: It's a clean it's a round number.
• 10:37
  Speaker 5: Yeah, and it compounds over time, you know, at the
• 10:40
  Speaker 5: end of the day. I've used this example. But if
• 10:42
  Speaker 5: you were twenty one and you started investing over the
• 10:45
  Speaker 5: long term, and you invested five hundred dollars each and
• 10:48
  Speaker 5: every single month, all the way through to retirement. If
• 10:51
  Speaker 5: you had saved, that would be two hundred and forty
• 10:53
  Speaker 5: thousand dollars that you'd saved. But if you'd invested, that
• 10:57
  Speaker 5: would be more than one point two million dollars. That's
• 11:00
  Speaker 5: sexy money, but a fairy nice. That example makes you go, aw,
• 11:05
  Speaker 5: that's a bit more powerful than just talking about this. Oh,
• 11:08
  Speaker 5: if I invest twenty five dollars. It's not to say
• 11:10
  Speaker 5: the twenty five dollars isn't powerful. It's so powerful, I
• 11:13
  Speaker 5: promise you. But beck the word a million, Like the
• 11:17
  Speaker 5: second you tip over that, you go, I'm capable of that.
• 11:20
  Speaker 1: Yeah, yeah, you are. You absolutely are capable of that.
• 11:24
  Speaker 5: And a lot of us who are in full time
• 11:25
  Speaker 5: employment are actually contributing about that or just over towards superannuation.
• 11:31
  Speaker 5: So you're already doing it. And that's why I care
• 11:34
  Speaker 5: so much about you guys checking up on your super
• 11:37
  Speaker 5: and making sure that your super's doing the right thing,
• 11:39
  Speaker 5: because if it's not invested properly, you know, short changing
• 11:42
  Speaker 5: yourself for about a million dollars.
• 11:44
  Speaker 4: It's a lot of dollars, a lot of dollars that
• 11:48
  Speaker 4: you could be short changing yourself.
• 11:49
  Speaker 5: Yeah, exactly, one out of ten cannot recommend short changing yourself,
• 11:52
  Speaker 5: terrible idea.
• 11:53
  Speaker 4: Do you just want to mention for anyone listening and
• 11:55
  Speaker 4: maybe isn't familiar with those catch words like EFT dividends,
• 11:59
  Speaker 4: we did coming?
• 12:00
  Speaker 1: Do you mean ETF?
• 12:02
  Speaker 5: But that's okay, I mean I feel like that that's
• 12:05
  Speaker 5: really relatable an exchange traded fund.
• 12:08
  Speaker 4: Yes, but we did do an episode.
• 12:10
  Speaker 5: We did, and we've covered those and I feel like
• 12:13
  Speaker 5: this is one of those things where I'm not trying
• 12:15
  Speaker 5: to confuse you. I feel like there have been a
• 12:17
  Speaker 5: lot of media who com middle aged white men who
• 12:19
  Speaker 5: historically have used a lot of acronyms to scare us
• 12:23
  Speaker 5: out of the market and make themselves feel smarter than
• 12:25
  Speaker 5: they actually are.
• 12:26
  Speaker 1: Like how flippant You're at brunch and you're.
• 12:28
  Speaker 5: Like, look over to the table beside you, and there's
• 12:30
  Speaker 5: guys and they're sitting there at brunch on Saturday morning
• 12:32
  Speaker 5: wearing suits, and you're like, I don't know what you
• 12:34
  Speaker 5: think you are. And I invested in this etof and
• 12:36
  Speaker 5: I do this and I get this yield, Like you've
• 12:39
  Speaker 5: seen them at brunch before, Like they're just like investing
• 12:43
  Speaker 5: bros who think they're really smart and usually you're like
• 12:47
  Speaker 5: eavesdrop on the conversation if you're me, because like I
• 12:49
  Speaker 5: can't eggs drop, right, you eavesdrop on the conversation.
• 12:52
  Speaker 1: Then they start talking about like big queen and stuff,
• 12:55
  Speaker 1: and you're just like, you've got no idea.
• 12:56
  Speaker 4: If they are no idea, if they ask me a question,
• 12:58
  Speaker 4: I will cry on this. I'll not have any idea.
• 13:01
  Speaker 5: ETF is actually quite and I won't say it's simple
• 13:05
  Speaker 5: because it's not. It's actually quite complicated. But for you
• 13:07
  Speaker 5: to understand it is quite simple. ETF is an exchange
• 13:10
  Speaker 5: traded fund, which sounds complicated, but essentially it's a basket
• 13:14
  Speaker 5: of shares. So if you buy that instead of a
• 13:16
  Speaker 5: direct share, you're getting instant diversification, and diversification is meaning
• 13:21
  Speaker 5: that you're just not putting all your eggs in one basket.
• 13:23
  Speaker 5: You're getting lots of different companies that somebody.
• 13:25
  Speaker 1: Else has picked.
• 13:26
  Speaker 5: You might feel a bit more secure with that decision,
• 13:29
  Speaker 5: and it just is kind of like a list of
• 13:31
  Speaker 5: different investments that are going to be way more affordable
• 13:34
  Speaker 5: to purchase because you're just buying fractions of that share
• 13:37
  Speaker 5: as opposed to going in and buying, you know, a
• 13:40
  Speaker 5: whole BHP share or a whole A and Z share,
• 13:42
  Speaker 5: Like I couldn't afford to own every single thing in
• 13:45
  Speaker 5: an ETF outright, but if I put my money into
• 13:48
  Speaker 5: that ETF, I could.
• 13:49
  Speaker 1: Have exposure to all those things immediately. Yes, that's a
• 13:52
  Speaker 1: good thing. That's really sexy.
• 13:54
  Speaker 5: And if you are somebody who is interested in the
• 13:56
  Speaker 5: share market and you're like, oh my gosh, I want
• 13:58
  Speaker 5: to invest five bucks a month fee, maybe have a
• 14:01
  Speaker 5: look in an ETF. Maybe have a look at something
• 14:03
  Speaker 5: that gives you the exposure to a particular asset class
• 14:07
  Speaker 5: or gives you exposure to a particular market, because I
• 14:10
  Speaker 5: mean you could go to the ASX two hundred, which
• 14:12
  Speaker 5: is the Australian share market's top two hundred companies. That
• 14:16
  Speaker 5: seems pretty simple. Yeah, if you don't want your investment
• 14:19
  Speaker 5: journey to be complicated, it doesn't have to be. I
• 14:23
  Speaker 5: think so many times we give ourselves analysis paralysis, right,
• 14:27
  Speaker 5: Like I need to make the right investment decision. We
• 14:29
  Speaker 5: can change it later, babe, Like it doesn't matter. Just
• 14:32
  Speaker 5: get your feet into the water, because it starts getting
• 14:35
  Speaker 5: a little bit more comfortable the longer your feeder in.
• 14:37
  Speaker 4: Right, totally, just jam that foot in the door.
• 14:40
  Speaker 5: Baby, please do like, don't probably don't jam your foot
• 14:43
  Speaker 5: in the don't jet up with a bruise, but like,
• 14:44
  Speaker 5: dip your tooes into the water.
• 14:46
  Speaker 1: I promise the pools real warm and we're having a party.
• 14:49
  Speaker 4: Yeah that sounds like so much fun.
• 14:51
  Speaker 5: It's way more fun than what investment actually is. So
• 14:54
  Speaker 5: I'm lulling you into this false sense of security so.
• 14:57
  Speaker 1: That you all benefits.
• 14:59
  Speaker 4: Yeah, it's I'm the cool mom.
• 15:01
  Speaker 1: I'm not a regular mom. I'm a cool investment mark.
• 15:04
  Speaker 4: I feel that. I feel that now VI, I heard
• 15:07
  Speaker 4: you mention the term dollar cost averaging.
• 15:09
  Speaker 5: I have thrown that around a few times historically, and like,
• 15:12
  Speaker 5: to be fair, I'm going to be honest with you.
• 15:14
  Speaker 4: I kind of just smiled and nodded, but I actually
• 15:16
  Speaker 4: have no idea what okay?
• 15:18
  Speaker 5: So that means you're giving yourself exposure to the market
• 15:21
  Speaker 5: a lots of different points. So say you have twelve
• 15:23
  Speaker 5: hundred dollars to invest, right, You're like, I really want
• 15:25
  Speaker 5: to invest twelve hundred dollars and you've got it in
• 15:27
  Speaker 5: your savings account. How do you know that today is
• 15:30
  Speaker 5: a good day to enter.
• 15:31
  Speaker 1: The share market?
• 15:32
  Speaker 5: I don't know that you don't know that I could
• 15:34
  Speaker 5: look at the historical performance and be like, okay, cool.
• 15:37
  Speaker 5: Based on history, maybe today is a good day. But
• 15:41
  Speaker 5: as a very good ex financial advisor beck, past performance
• 15:45
  Speaker 5: is not indicative of future performance.
• 15:47
  Speaker 1: And we know that that is true.
• 15:49
  Speaker 5: But what we can do, because unfortunately, timing the market
• 15:53
  Speaker 5: isn't a thing unless you're Warren Buffett and you somehow
• 15:56
  Speaker 5: have this insane ability to vest really well. The average
• 16:01
  Speaker 5: person doesn't have that. So the next best thing we
• 16:04
  Speaker 5: can do to timing the market is have time in
• 16:06
  Speaker 5: the market. And so when we have time in the market,
• 16:09
  Speaker 5: that means instead of dumping that twelve hundred bucks in
• 16:12
  Speaker 5: in all one lump, you might choose to put one
• 16:14
  Speaker 5: hundred dollars in each and every single month. And that
• 16:17
  Speaker 5: means if you, you know, bought ten shares that are
• 16:20
  Speaker 5: worth ten dollars this month, well next month they actually
• 16:25
  Speaker 5: might have gone down a little bit, and so you
• 16:27
  Speaker 5: have the same ten dollars to invest. But you know,
• 16:29
  Speaker 5: let's be dramatic, the share market's dropped by fifty percent.
• 16:32
  Speaker 5: So instead of buying ten shares for ten dollars, you're
• 16:36
  Speaker 5: now able to buy twenty shares for ten dollars. So
• 16:39
  Speaker 5: you've increased how many shares you have with the same
• 16:42
  Speaker 5: amount of money that you're investing, right, And then we
• 16:45
  Speaker 5: extrapolate that out, and then maybe the month after that,
• 16:48
  Speaker 5: the share market's up and you go, okay, cool, well
• 16:51
  Speaker 5: now it's up fifty percent. Because we're just using averages
• 16:54
  Speaker 5: and like being dramatic about our example here because I
• 16:56
  Speaker 5: think it makes the most sense. Share market's up fifty percent.
• 16:59
  Speaker 5: So now you can only buy five shares instead of
• 17:02
  Speaker 5: the ten shares that you originally got for ten dollars.
• 17:04
  Speaker 5: So one month you bought ten shares, another month you
• 17:07
  Speaker 5: were able to buy twenty shares. A month after that
• 17:09
  Speaker 5: you're only able to buy five shares.
• 17:11
  Speaker 1: But you put the.
• 17:12
  Speaker 5: Same amount of money in every month, right, right. But
• 17:16
  Speaker 5: that means that if we averaged it out, like let's
• 17:18
  Speaker 5: say over twelve months, the average kind of becomes a
• 17:22
  Speaker 5: lower price point than what the higher of the market
• 17:24
  Speaker 5: is and what the lower of the market is.
• 17:26
  Speaker 1: So we only end up.
• 17:27
  Speaker 5: On average paying the average amount that the share market
• 17:31
  Speaker 5: is worth. Because as I said before, first month, we
• 17:34
  Speaker 5: paid the average. Second month, we kind of were onto
• 17:37
  Speaker 5: a winner because the share market was a bit down,
• 17:39
  Speaker 5: so we made more of the money that we invested
• 17:41
  Speaker 5: the month after that share market was up, but we
• 17:44
  Speaker 5: still invested because you don't know if it's going to
• 17:46
  Speaker 5: go up any higher than that, and that's still a
• 17:48
  Speaker 5: good opportunity. You don't know if the month after it's
• 17:51
  Speaker 5: going to go down. But over time, the market ebbs
• 17:54
  Speaker 5: and flows, and what that means is we end up
• 17:57
  Speaker 5: with an average line that gets drawn between the ebbs
• 17:59
  Speaker 5: and flour and that's what we end up paying. So
• 18:02
  Speaker 5: if we extrapolated that out, instead of paying one dollar
• 18:05
  Speaker 5: for each share, which you were doing at the start,
• 18:07
  Speaker 5: if we averaged that out, you're actually paying seventy five
• 18:10
  Speaker 5: cents per share in the example I've given. Because sometimes
• 18:13
  Speaker 5: you're paying more, sometimes you're paying less. But by consistently
• 18:17
  Speaker 5: being in the market, we've saved ourself money. And that
• 18:20
  Speaker 5: means that we're not trying to time the market, because
• 18:23
  Speaker 5: no one can do that.
• 18:23
  Speaker 1: I've said before on this podcast.
• 18:25
  Speaker 5: If I could have timed the market, I have the
• 18:28
  Speaker 5: knowledge I used to be an investment specific financial advisor,
• 18:33
  Speaker 5: like I would work with people worth tens of millions
• 18:36
  Speaker 5: of dollars. And that's not a flex that's just me
• 18:38
  Speaker 5: saying I had that experience and I still couldn't time
• 18:41
  Speaker 5: the market, so I don't mean to have too many tickets,
• 18:44
  Speaker 5: but I don't know how other people are thinking that
• 18:46
  Speaker 5: they can time the market when I was in such
• 18:49
  Speaker 5: a privileged position, like I had access to clients with
• 18:52
  Speaker 5: heaps of money, I had access to the best brokers
• 18:55
  Speaker 5: in the country because people with lots of money can
• 18:57
  Speaker 5: afford the best brokers. I had access to the best
• 19:00
  Speaker 5: investment houses in the country, and those investment houses so
• 19:04
  Speaker 5: they're basically people who do a whole heap of.
• 19:06
  Speaker 1: Research on the markets.
• 19:07
  Speaker 5: And when you get to a level of financial advice
• 19:10
  Speaker 5: where your clients have heaps of money, you can pay
• 19:13
  Speaker 5: a lot for the research. And I love that because
• 19:15
  Speaker 5: I'm super interested in it. But even with all of
• 19:17
  Speaker 5: those resources accessible to me, still can't time the market.
• 19:21
  Speaker 5: So I don't know how the average bro at brunch,
• 19:24
  Speaker 5: she's like, oh, yeah, the market's going to be done.
• 19:26
  Speaker 5: It's going to be a sick thing to buy next week. Mate,
• 19:29
  Speaker 5: you don't know anything. Sit down, drink your oatmeal claste
• 19:33
  Speaker 5: that you asked for to be a little bit extra
• 19:36
  Speaker 5: week because you had a big night last night. Like
• 19:38
  Speaker 5: I'm done with you. Like no one can time the market.
• 19:41
  Speaker 5: End of story. That's the wrap on this part of
• 19:43
  Speaker 5: the conversation. That's why dollar cost averaging is important, Beck,
• 19:46
  Speaker 5: and that's why we want to consistently invest instead of
• 19:49
  Speaker 5: thinking that we can time the market and put our
• 19:51
  Speaker 5: twelve hundred bucks in immediately.
• 19:53
  Speaker 1: Mike, does that make sense?
• 19:55
  Speaker 4: That makes so much sense?
• 19:57
  Speaker 1: I hate saying does that make sense? As well?
• 19:59
  Speaker 5: Because I feel like I'm it's something that's like, we
• 20:01
  Speaker 5: need to drop that out of our vocabulary. Actually, I
• 20:05
  Speaker 5: was talking to a friend about this the other day,
• 20:07
  Speaker 5: complete sidetrack like saying, Oh, I'm just a podcaster, or
• 20:11
  Speaker 5: I'm just you know, a videographer, right, Like you're not.
• 20:14
  Speaker 5: You are a videographer and you're a good one. Like
• 20:16
  Speaker 5: downplays our ability to communicate efficiently or to even stand
• 20:21
  Speaker 5: our own ground.
• 20:22
  Speaker 4: Right.
• 20:23
  Speaker 5: I feel like I say so many times, oh my gosh,
• 20:26
  Speaker 5: does that make sense? Beck, as though I didn't know
• 20:29
  Speaker 5: what I was talking about?
• 20:30
  Speaker 1: Like, oh, Beck, did my example make sense? I knew
• 20:32
  Speaker 1: I made sense.
• 20:33
  Speaker 4: Why am I saying that, yes, you did make sense?
• 20:35
  Speaker 4: I guess a better way because you don't know if
• 20:37
  Speaker 4: I've fully absorbed the true is maybe to be like,
• 20:40
  Speaker 4: do you have any questions. You absorb that, silly girl, mean,
• 20:46
  Speaker 4: we're not doing that at all. What's your next question.
• 20:49
  Speaker 5: I'll try and answer it in the most educated way possible.
• 20:53
  Speaker 5: Thank you.
• 20:53
  Speaker 4: I do have more questions for but I reckon, let's
• 20:55
  Speaker 4: take a quick five seconds too.
• 20:58
  Speaker 1: Because we're spoiled.
• 20:59
  Speaker 5: At the other day, I had a whole heap of
• 21:01
  Speaker 5: DMS from people being like, what do you mean you
• 21:02
  Speaker 5: didn't get a cup of tea.
• 21:03
  Speaker 1: I'm like, no, it's a fake break.
• 21:05
  Speaker 5: So we're going to take an out of fake break
• 21:06
  Speaker 5: and we will pay the bills with the advertisement that
• 21:09
  Speaker 5: you hear, and we'll see you on the flip side.
• 21:10
  Speaker 1: Love you, love you.
• 21:16
  Speaker 4: Hi everyone, we are back from our fake break.
• 21:18
  Speaker 1: No, it was a real break. I do actually have
• 21:20
  Speaker 1: a coffee now you do.
• 21:21
  Speaker 4: Actually that one was real. But generally, don't be fooled.
• 21:25
  Speaker 1: They are. We can be lazy. We can be like lazy.
• 21:29
  Speaker 4: Now we are talking about investing on Alo you come today.
• 21:32
  Speaker 4: So we've talked before on the pod about different levels
• 21:34
  Speaker 4: of investing and different available platforms. Run us through this
• 21:38
  Speaker 4: again and where to start. This is a big conversation.
• 21:41
  Speaker 4: Aren't you ready to sit down? Ready to drap yourself
• 21:44
  Speaker 4: in maybe you should have got a coffee as well.
• 21:45
  Speaker 2: Damn.
• 21:46
  Speaker 5: So last year we did an episode. It was on
• 21:49
  Speaker 5: the fourth of May, so if you want to go
• 21:51
  Speaker 5: listen to that. It was comparing the different types of
• 21:53
  Speaker 5: investment platforms that exist here in Australia, because not all
• 21:56
  Speaker 5: investment platforms have been created equally. And I kind of
• 21:59
  Speaker 5: framed that different levels of investing kind of in context
• 22:02
  Speaker 5: of like primary school, high school, university, except we kind
• 22:05
  Speaker 5: of called it entry level and then like advanced investing,
• 22:08
  Speaker 5: and like I wanted people to understand that from my perspective,
• 22:12
  Speaker 5: not that this like legitimately exists, Like people don't go, oh,
• 22:16
  Speaker 5: we have a basic platform, well we have a super
• 22:18
  Speaker 5: advanced one, Like I wanted you guys to understand, I guess,
• 22:22
  Speaker 5: from my perspective as an ex financial advisor, the entry
• 22:25
  Speaker 5: points and what the different entry points look like. Because
• 22:28
  Speaker 5: from what I deemed to be an entry level platform,
• 22:32
  Speaker 5: I said, look, I reckon micro investing platforms where you're
• 22:35
  Speaker 5: depositing minimal amounts of money, like you're able to invest
• 22:38
  Speaker 5: like one cent or a dollar or something small, is
• 22:41
  Speaker 5: probably where at a beginner level is at. Obviously, when
• 22:45
  Speaker 5: it comes to micro investing. That is different than a
• 22:48
  Speaker 5: direct share platform, where you're able to go and pick
• 22:51
  Speaker 5: the actual share. A micro investing platform, while you might
• 22:54
  Speaker 5: be able to pick your risk profile, you don't have
• 22:57
  Speaker 5: any control over the actual investment. Meant options that are
• 23:01
  Speaker 5: available to you. You can pick, oh, I'm a conservative
• 23:04
  Speaker 5: or an aggressive investor, or you might even be an
• 23:07
  Speaker 5: ethically conscious investor. But what's in that profile is just
• 23:11
  Speaker 5: the set by the platform, and it's not actually controllable
• 23:14
  Speaker 5: by you. And obviously it's going to depend which micro
• 23:17
  Speaker 5: investing platform you choose, but like lots of them actually
• 23:20
  Speaker 5: now have the ability to round up your spare change,
• 23:23
  Speaker 5: which is kind of cool if you're not a massive
• 23:25
  Speaker 5: investor and kind of want to dip your toes in
• 23:28
  Speaker 5: the water. But you also don't know what to spend
• 23:29
  Speaker 5: each month and you know that your oat latte is
• 23:32
  Speaker 5: going to cost. Get this, I paid five dollars fifty
• 23:34
  Speaker 5: for an oat latte the other day. Where was that gross?
• 23:37
  Speaker 5: I'm not going to tell because last time I ended
• 23:39
  Speaker 5: up creating a daily mail drawer and coffee gate Heaven,
• 23:42
  Speaker 5: so we're not going to talk about that. But I
• 23:45
  Speaker 5: paid five dollars fifty for a Latte, and I still
• 23:47
  Speaker 5: do play with micro investing platforms because I just find
• 23:50
  Speaker 5: them interesting and I kind of because I exist in
• 23:52
  Speaker 5: this sphere of cheese on the money, I kind of
• 23:54
  Speaker 5: like knowing what's going on. Like if you guys are
• 23:56
  Speaker 5: talking in a Facebook group about a particular investment platform,
• 23:58
  Speaker 5: I'm going to be like, yeah, I understand and exactly
• 24:00
  Speaker 5: what they're talking about because I have personal experience with
• 24:02
  Speaker 5: this because I put fifty cents there. But essentially, if
• 24:05
  Speaker 5: you round up your purchases, that five dollars fifty late
• 24:09
  Speaker 5: goes up to six dollars to the nearest dollar and
• 24:11
  Speaker 5: invest fifty cents on your behalf, which is kind of
• 24:14
  Speaker 5: cool to know that every single platform is kind of
• 24:16
  Speaker 5: like looking after you. But then you step up right
• 24:19
  Speaker 5: and the next was intermediate level. We're talking about DIY
• 24:22
  Speaker 5: investment platforms, but some of them give you the ability
• 24:26
  Speaker 5: to invest with azulla as one cent, So like our
• 24:29
  Speaker 5: friends from Charesas, we talk about them quite often because
• 24:31
  Speaker 5: we work with them quite closely. Use the code so
• 24:34
  Speaker 5: SotM for a free ten dollars when you sign up,
• 24:37
  Speaker 5: which I just think is a really good money in
• 24:38
  Speaker 5: I don't make any money off that code by the
• 24:40
  Speaker 5: way we talk to them, And I want to say
• 24:42
  Speaker 5: that clearly because I don't want people to think, like, oh,
• 24:44
  Speaker 5: she's using a referral code that means she'll get ten bucks. Sure, No,
• 24:48
  Speaker 5: we talked about it. It could be five dollars each.
• 24:51
  Speaker 5: Or I could have given you guys ten bucks to
• 24:52
  Speaker 5: sign up, and I'd prefer you guys to have ten
• 24:55
  Speaker 5: bucks to sign up, because I don't want you to
• 24:57
  Speaker 5: think that I'm recommending something because I'm being paid.
• 25:00
  Speaker 1: Does that make sense?
• 25:00
  Speaker 5: Like I only work with brands that I genuinely know,
• 25:03
  Speaker 5: trust and think are going to put you in a
• 25:05
  Speaker 5: good position. Right anyway, Sidetrack you can invest with them
• 25:08
  Speaker 5: for as little as one cent, whereas if you went
• 25:10
  Speaker 5: over to another platform that's quite popular in our community,
• 25:13
  Speaker 5: self Wealth, you need a minimum of five hundred dollars
• 25:16
  Speaker 5: to enter that platform and start investing, which is fine
• 25:20
  Speaker 5: because if that's what your progative is, that's what your
• 25:23
  Speaker 5: prerogative is. But they have different bells and whistles that
• 25:26
  Speaker 5: Shareszy's might not have, So like Chasey's gives you like
• 25:29
  Speaker 5: base level of information it's really digestible, whereas self Wealth
• 25:33
  Speaker 5: it actually is far more technical, and it gives you
• 25:36
  Speaker 5: like insights and guidance and like reports on each company.
• 25:40
  Speaker 1: It's going to be a bit more deep.
• 25:42
  Speaker 5: Some people want that, Some people get analysis paralysis when
• 25:45
  Speaker 5: they go on a platform like that, but I think
• 25:47
  Speaker 5: we deserve to have the transparency of understanding where it is. Anyway,
• 25:51
  Speaker 5: go listen to that episode because I won't, you know,
• 25:53
  Speaker 5: redo the whole episode here. And I think that that
• 25:55
  Speaker 5: could be quite powerful for you to understand because there's
• 25:58
  Speaker 5: actually a lot of different platforms that are accessible to
• 26:01
  Speaker 5: people who are investing with a low income. So there's
• 26:05
  Speaker 5: micro investing, and there's investment platforms that are able to
• 26:08
  Speaker 5: be invested on with one cent.
• 26:10
  Speaker 1: But then there are also ones.
• 26:12
  Speaker 5: Let's be honest that if you discovered them first, you
• 26:14
  Speaker 5: might assume that you are just out of the market
• 26:16
  Speaker 5: because you don't have that five hundred dollars to start
• 26:18
  Speaker 5: right back, Like if you did your research and just
• 26:21
  Speaker 5: said top investing platforms in Australia and self wealth came
• 26:24
  Speaker 5: up first, and you hadn't listened to Cheese on the
• 26:25
  Speaker 5: Money and you didn't understand this market, you go, oh,
• 26:28
  Speaker 5: I don't have five hundred bucks. I thought investing might
• 26:31
  Speaker 5: have been for me and it's not, and then the
• 26:33
  Speaker 5: conversation ends there. Whereas if we give you everything on
• 26:36
  Speaker 5: a platter and I say, okay, here's your education, please
• 26:39
  Speaker 5: absorb all of this. Now here's a table which is
• 26:41
  Speaker 5: actually in my investing book, and I think I also
• 26:44
  Speaker 5: have it for free download on my website, or make
• 26:46
  Speaker 5: sure it is if it's not by the time this
• 26:48
  Speaker 5: episode comes out, though, And it's basically a table that
• 26:51
  Speaker 5: compares all of the platforms, their features, their benefits, how
• 26:55
  Speaker 5: much they cost, what their minimum investments are, and what
• 26:58
  Speaker 5: other like bells and whistles and information you need on it,
• 27:00
  Speaker 5: because I couldn't find one place that wasn't an advertising
• 27:04
  Speaker 5: platform that compared them. Because I was like, all right, well,
• 27:07
  Speaker 5: you deserve to be able to see the fees on
• 27:09
  Speaker 5: Rays versus Spaceship if you're planning on micro investing and
• 27:12
  Speaker 5: have it be really transparent. Everywhere was a paid advertising
• 27:16
  Speaker 5: platform or like you go onto the Raise website and
• 27:18
  Speaker 5: they're talking about the Spaceship fees, I'm like, well, that's
• 27:21
  Speaker 5: not going to be the.
• 27:21
  Speaker 1: Best place to get information about whether Spaceship's good for
• 27:25
  Speaker 1: me or not.
• 27:25
  Speaker 5: Right, So I think it's all about doing your research,
• 27:28
  Speaker 5: but then also not feeling overwhelmed because investing in twenty
• 27:32
  Speaker 5: twenty three is super accessible and you can do it
• 27:35
  Speaker 5: and it is absolutely worth doing it, Like it is
• 27:38
  Speaker 5: not something that we do because you need millions in retirement.
• 27:41
  Speaker 5: Do not feel that pressure, like discount that completely, but
• 27:46
  Speaker 5: like start building your financial literacy. I've had people ask me, oh, Vie,
• 27:50
  Speaker 5: I'm just so excited about my investment journey, but I'm
• 27:53
  Speaker 5: still in a bit of personal debt. If that's what's
• 27:55
  Speaker 5: going to motivate you, and you already have your emergency
• 27:58
  Speaker 5: fund and you are up to date on your pains
• 28:00
  Speaker 5: five or ten bucks invested on an investment platform, so
• 28:03
  Speaker 5: that you feel like your life is progressing and you
• 28:06
  Speaker 5: feel like you are getting ahead financially, that's a good
• 28:09
  Speaker 5: investment from my perspective. Yeah, Like you need to make
• 28:12
  Speaker 5: the right decision for you though, and I can't tell
• 28:14
  Speaker 5: you what that is because for a lot of other people,
• 28:17
  Speaker 5: they'd be like, oh my gosh, I don't even want
• 28:18
  Speaker 5: one share or one one cent edf before I'm out
• 28:22
  Speaker 5: of debt, because that will give me anxiety because that
• 28:24
  Speaker 5: money could have been getting me out of debt.
• 28:26
  Speaker 1: But at the end of the day, it's.
• 28:28
  Speaker 5: A completely personal decision, and I think that you guys
• 28:31
  Speaker 5: need to make that yourselves. But my job is to
• 28:33
  Speaker 5: just give you all of the resources that you deserve
• 28:36
  Speaker 5: to have access to to make those decisions properly for yourself.
• 28:39
  Speaker 1: I love that, I reckon that's all we have time
• 28:41
  Speaker 1: for today.
• 28:42
  Speaker 5: V Now, oh, I'm not telling I know I could
• 28:45
  Speaker 5: go on and on and on, and I have before
• 28:47
  Speaker 5: I know. Thank you've actually written down a cute little
• 28:50
  Speaker 5: list of a few episodes that you think people should
• 28:52
  Speaker 5: go back to to listen to.
• 28:54
  Speaker 1: They haven't already, what are they?
• 28:56
  Speaker 4: Yes, So obviously we have done a few episodes this
• 28:59
  Speaker 4: year that will be very helpful to you. So the
• 29:01
  Speaker 4: first one I'm thinking of is I believe it was
• 29:04
  Speaker 4: the fourth of Jam we did setting up an investment
• 29:07
  Speaker 4: plan for the new year yep. And then feb first,
• 29:09
  Speaker 4: we is Scarcity Mindset investing.
• 29:11
  Speaker 1: That was a good one.
• 29:12
  Speaker 5: I mean, I'm biased because it was literally my podcast,
• 29:15
  Speaker 5: but I think it's important to talk about scarcity mindset
• 29:17
  Speaker 5: because that could be a roadblock to you actually starting
• 29:20
  Speaker 5: the process, definitely. And then finally March first, we did
• 29:23
  Speaker 5: back to basics of investing.
• 29:25
  Speaker 1: Which was very sexy as well.
• 29:27
  Speaker 5: Yeah, I feel like it's as though I'm obsessed with
• 29:30
  Speaker 5: investing and I want you guys to have as much
• 29:31
  Speaker 5: information as possible. And if you think I'm done with
• 29:33
  Speaker 5: investing topics, no, We'll keep on keeping on going, to
• 29:37
  Speaker 5: keep on coming.
• 29:38
  Speaker 1: That is all we have time for today.
• 29:40
  Speaker 5: If you want the investing conversations to continue, feel free
• 29:42
  Speaker 5: to join our Facebook group where we have judgment free
• 29:45
  Speaker 5: conversations about money and investing every single day. Join us,
• 29:49
  Speaker 5: I would love it. We're also really active on TikTok.
• 29:52
  Speaker 5: At the moment, we're not that good at it, but
• 29:54
  Speaker 5: we appreciate your support.
• 29:55
  Speaker 4: I love TikTok.
• 29:56
  Speaker 1: We will see you guys on Friday for our wrap.
• 29:59
  Speaker 3: So you guys.
• 30:06
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• 30:08
  Speaker 6: in nature and does not consider your individual circumstances. She's
• 30:12
  Speaker 6: on the Money exists purely for educational purposes and should
• 30:16
  Speaker 6: not be relied upon to make an investment or financial decision.
• 30:19
  Speaker 1: If you do choose to buy a financial product.
• 30:21
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• 30:25
  Speaker 1: Advice tailored towards your needs.
• 30:27
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