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FRIDAY DRINKS: Live On Tour - Melbourne · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud your
• 0:04
  Speaker 1: the Order Kerni Whalbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's On the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.
• 0:23
  Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 1: the storytelling of you to make a difference for today
• 0:31
  Speaker 1: and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money, She's on the Money. Hello and
• 0:59
  Speaker 3: welcome On the Money, the podcast for millennials who want
• 1:03
  Speaker 3: financial freedom. Welcome to our very special recording of our show,
• 1:08
  Speaker 3: coming to you live from the Melbourne CBD where we
• 1:12
  Speaker 3: are recording a live podcast episode in celebration of the
• 1:15
  Speaker 3: launch of the new investing Wishes on the Money Book.
• 1:19
  Speaker 2: As always, we are.
• 1:20
  Speaker 3: Here to celebrate our community, but I am joined with
• 1:22
  Speaker 3: the gorgeous jessic Ricci.
• 1:24
  Speaker 4: Hello. Hello.
• 1:25
  Speaker 2: Hello.
• 1:27
  Speaker 3: As you guys know, Friday is the perfect time to
• 1:30
  Speaker 3: sit back with a bevy in hand to recap the
• 1:33
  Speaker 3: week that was and chat about the highs the lows.
• 1:36
  Speaker 3: We're going to share some money wins and conversions, and
• 1:38
  Speaker 3: we're going to talk about everything that is happening not
• 1:41
  Speaker 3: in the finance world, but in my book.
• 1:44
  Speaker 2: Which we're really excited about.
• 1:46
  Speaker 3: Let's get into it, though obviously we are going to
• 1:49
  Speaker 3: be joined by a very special guest, Victoria Latu in
• 1:52
  Speaker 3: the second half of this episode. But before we get there,
• 1:56
  Speaker 3: how about Jess. We just catch up on the week
• 1:58
  Speaker 3: that was. How's your week been?
• 2:00
  Speaker 5: It's been pretty good, it's been pretty crazy. We're in
• 2:03
  Speaker 5: Sydney two days ago doing this exact thing, although when
• 2:07
  Speaker 5: you're listening to this on the pod, it will have
• 2:09
  Speaker 5: been a whole week from now, because that's how things
• 2:11
  Speaker 5: work in podcast land. They sound like they're all happening
• 2:14
  Speaker 5: one after the other, and sometimes we're lying, but that's okay.
• 2:17
  Speaker 3: We are, and sometimes we edit out things we don't
• 2:19
  Speaker 3: want you to hear.
• 2:21
  Speaker 6: Like the F bombs.
• 2:23
  Speaker 2: We don't swear we are angels.
• 2:24
  Speaker 3: I'm wearing wite uring peach that could not come out
• 2:27
  Speaker 3: of our mouths.
• 2:28
  Speaker 2: How have you been for the last six months?
• 2:30
  Speaker 3: I feel like she's on the money, has been wild
• 2:32
  Speaker 3: You've had to put up with me finishing this book.
• 2:34
  Speaker 3: You've had to put up with me dragging you, arguably
• 2:36
  Speaker 3: all across the world to do.
• 2:38
  Speaker 2: She's on the money stuff. Are you dealing with it? Okay?
• 2:41
  Speaker 5: I am having a lot of fun. We just got
• 2:44
  Speaker 5: back from the States. Anyone who follows us online would
• 2:46
  Speaker 5: have seen lots of Disney content because that's where I
• 2:49
  Speaker 5: had fun.
• 2:50
  Speaker 6: Not so much at the finance conference.
• 2:53
  Speaker 3: Excuse me, she's not wrong, but I didn't think she'd
• 2:56
  Speaker 3: say that on stage. That was actually our bargaining right.
• 3:00
  Speaker 3: So I was like, I really want to go to FINCN.
• 3:02
  Speaker 3: It's a finance content creators conference, which none of you
• 3:05
  Speaker 3: are going to find interesting.
• 3:06
  Speaker 2: I do, though, and I said to Jess, let's go.
• 3:08
  Speaker 3: She's like, oh, you know, there's so much happening at home.
• 3:11
  Speaker 3: Maybe you just go and you make some new friends.
• 3:14
  Speaker 3: And I was like, I don't really want to go alone,
• 3:16
  Speaker 3: Like I know it's going to suck, but I want
• 3:17
  Speaker 3: the information take you to disney.
• 3:19
  Speaker 2: World, and she was like I'm in. So it worked.
• 3:22
  Speaker 2: We went to Disneyland.
• 3:23
  Speaker 3: We also were lucky enough to go to Disneyland in
• 3:26
  Speaker 3: Paris earlier this year as well. So I feel like
• 3:29
  Speaker 3: it would only be fair for the people who are
• 3:31
  Speaker 3: running the sponsorship for the Disney cruise to give you
• 3:34
  Speaker 3: a free cruise so many people.
• 3:36
  Speaker 6: I'm really glad.
• 3:37
  Speaker 5: If I'm known for anything in this community, it's for
• 3:40
  Speaker 5: being a Disney adult. Because I reckon, about fifty people
• 3:43
  Speaker 5: sent me the post when that was announced, which is very,
• 3:45
  Speaker 5: very fun, and that is my contribution, not the finance content.
• 3:49
  Speaker 5: I hope you're not here for that because I don't
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  Speaker 5: know anything about it, but Disney I could talk about
• 3:53
  Speaker 5: all day absolutely.
• 3:55
  Speaker 3: All right, Well, I reckon, it's time to get into
• 3:57
  Speaker 3: our budget direct money wins and confessions of the week.
• 3:59
  Speaker 3: What reckon jazz sounds like a plan. Let's say I
• 4:02
  Speaker 3: kick off the very first one you can. Fantastic.
• 4:05
  Speaker 2: I have a win.
• 4:06
  Speaker 3: It is from our friend Kelsey, who I believe is
• 4:09
  Speaker 3: here tonight. She says, small money win. I want to
• 4:13
  Speaker 3: buy my daughter one of those personalized name blankets for
• 4:16
  Speaker 3: her first birthday. They're between one hundred and one hundred
• 4:19
  Speaker 3: and fifty dollars depending on the design, and my daughter
• 4:22
  Speaker 3: is now going to be in a photo shoot for
• 4:23
  Speaker 3: them because I emailed them. Are we going to get
• 4:25
  Speaker 3: a gift bouncher to spend at their store, and.
• 4:27
  Speaker 2: She gets to keep all the images.
• 4:29
  Speaker 5: I feel like that's so wholesome, Like imagine wanting something
• 4:32
  Speaker 5: and then being like, not only do I get it,
• 4:34
  Speaker 5: my child is now the face of it cree either way,
• 4:38
  Speaker 5: depending on how you look at it.
• 4:39
  Speaker 3: Kelsey, the audacity you had to email them and be like,
• 4:42
  Speaker 3: my kid's cute, give her a free blanket, and you're
• 4:44
  Speaker 3: through in our marketing.
• 4:45
  Speaker 5: If you are here, Kelsey, I'd really like to see
• 4:47
  Speaker 5: a photo of the blanket, because now I'm super sure
• 4:49
  Speaker 5: why to see the baby? What if the baby's on
• 4:52
  Speaker 5: the blanket like her face? Why not both? Yeah, I've
• 4:55
  Speaker 5: got a win from Esther, who said money win, absolutely
• 4:59
  Speaker 5: out of it after my wisdom tooth removal saved five
• 5:02
  Speaker 5: hundred dollars from what I was quoted, absolutely out of
• 5:04
  Speaker 5: my mind trying to pay dribbling everywhere, what a money
• 5:07
  Speaker 5: when it was, and how I needed to tell Victoria
• 5:09
  Speaker 5: divine And when I wrote this one down, I was
• 5:12
  Speaker 5: just really picturing Esther. I don't know if anyone's ever
• 5:15
  Speaker 5: seen the videos of people post wisdom teeth removal when they're.
• 5:18
  Speaker 3: Real and you can't sleep tonight, google it or put
• 5:21
  Speaker 3: it on YouTube. It's actually the funniest thing I've ever seen.
• 5:24
  Speaker 5: But the way she wrote it, I was just like,
• 5:26
  Speaker 5: are you writing this? Like in the car on the
• 5:28
  Speaker 5: way home, particularly when she's like dribbling everywhere.
• 5:30
  Speaker 6: Gotta tell Victoria divine.
• 5:31
  Speaker 3: It was just I feel bad because I had my
• 5:34
  Speaker 3: wisdom teeth out a couple of years ago, and it
• 5:37
  Speaker 3: doesn't matter that I'm now in my thirties. I still
• 5:39
  Speaker 3: called my mom and was like, hey, Mom, I need
• 5:41
  Speaker 3: to get my wisdom teeth that.
• 5:42
  Speaker 2: Will you come with me and help me?
• 5:44
  Speaker 3: All four were impacted. Long story short, had to go
• 5:46
  Speaker 3: into hospital for it. That's fine, but I had Mum
• 5:50
  Speaker 3: pick me up after. So she takes me home and
• 5:52
  Speaker 3: if you know me, I under eat me. I demanded
• 5:55
  Speaker 3: a big Mac on the way home, and I ate
• 5:58
  Speaker 3: it so quickly that I didn't know i'd had it
• 6:01
  Speaker 3: and asked Mum for another one. Ten out of ten.
• 6:05
  Speaker 3: If you have been is it anethetized? Yeah, you just
• 6:08
  Speaker 3: do things you don't want people to see on the internet.
• 6:10
  Speaker 3: So I'm glad that I didn't get on my phone
• 6:12
  Speaker 3: and all I did was get through Mac's drive through.
• 6:15
  Speaker 3: I have one. It is from Nicole. She says, small
• 6:18
  Speaker 3: but consistent money win here. I locked in fuel cheap
• 6:22
  Speaker 3: and I topped up my tank before it expired. Not
• 6:25
  Speaker 3: a full tank, but it's so much better to pay
• 6:28
  Speaker 3: a dollar fifty one per tank instead of a dollar
• 6:31
  Speaker 3: ninety four.
• 6:33
  Speaker 5: I really got a heart attack when I got off
• 6:35
  Speaker 5: the plane and saw how expensive petrol was. And we've
• 6:37
  Speaker 5: spoken on the podcast before about how I am a
• 6:39
  Speaker 5: very irresponsible driver in the sense that I will drive
• 6:43
  Speaker 5: my car on empty for kilometers, like I have had
• 6:47
  Speaker 5: to call RACV three times because I run out of petrol,
• 6:51
  Speaker 5: and my boyfriend twice, who is here somewhere today, Hi, James, love.
• 6:54
  Speaker 2: You so Also sorry James.
• 6:57
  Speaker 6: Yeah, also sorry James.
• 6:58
  Speaker 5: But we got off the flight from Sydney, and I
• 7:00
  Speaker 5: had driven to the airport with no petrol, and it's
• 7:04
  Speaker 5: always more expensive at the airport anyway, And when we
• 7:08
  Speaker 5: had left, I think it was like a dollar maybe
• 7:10
  Speaker 5: forty five fifty something like that, And we got off
• 7:12
  Speaker 5: the plane and it was a dollar ninety seven. And
• 7:14
  Speaker 5: I told her to fill up before she left, and
• 7:18
  Speaker 5: I get mad anxiety.
• 7:19
  Speaker 3: When Jess's like, oh, drive, I'm like, no, you will
• 7:21
  Speaker 3: not absolutely not all right. I have a very wholesome
• 7:26
  Speaker 3: money win. Oh no, I don't nuns yours.
• 7:29
  Speaker 5: I have a wholesome money win from Rachel, and she
• 7:31
  Speaker 5: steal my stuff money win. I stole it because I
• 7:34
  Speaker 5: really really liked this one rude. It says, my super
• 7:37
  Speaker 5: talented girlfriend is showing me some cute outfits for Falls
• 7:40
  Speaker 5: festival instead of me spending heaps of money on new ones.
• 7:43
  Speaker 6: Bonus win.
• 7:44
  Speaker 5: She uses mostly recycled and reclaimed fabrics from op shops,
• 7:47
  Speaker 5: so it's a win for the environment too. And I
• 7:50
  Speaker 5: was just imagining her coming up with like these really
• 7:53
  Speaker 5: fun fancy outfits for Falls, because people wear really crazy
• 7:56
  Speaker 5: cute fun festival things, and drawing it up and then
• 7:59
  Speaker 5: her go friend like sewing away like Cinderella's little Mice,
• 8:02
  Speaker 5: and then in the morning the outfits just waiting on
• 8:05
  Speaker 5: the table. I made a whole narrative in my head
• 8:07
  Speaker 5: for this, That's what I love.
• 8:09
  Speaker 3: Took it off me. Also, Cylinderella is mice didn't consent
• 8:13
  Speaker 3: to that. The flip story of this is like Rachel's girlfriend,
• 8:15
  Speaker 3: did she consent to this? Or is she now up
• 8:17
  Speaker 3: to like midnight every night when she's got a nine
• 8:19
  Speaker 3: to five sewing these outfits that she doesn't even think of,
• 8:22
  Speaker 3: that cute slave labor.
• 8:23
  Speaker 6: And that's that on being in love, all right.
• 8:26
  Speaker 2: So my next money, when it is from Melissa.
• 8:29
  Speaker 3: I don't know if I've got a cool thirty thousand
• 8:31
  Speaker 3: dollars that I can tip into this myself, but she said,
• 8:33
  Speaker 3: I sold a car for one hundred thousand dollars that
• 8:36
  Speaker 3: I paid thirty thousand dollars for. As much as I'll
• 8:39
  Speaker 3: miss it, it will be a heap of fun. I've
• 8:42
  Speaker 3: already got another Honda to buy that replaces it, and
• 8:45
  Speaker 3: I already have two other cars as run arounds needs too.
• 8:49
  Speaker 3: Maybe Chess, maybe she runs all of her cars out
• 8:51
  Speaker 3: of petrol as well. She says, it's not really a recommendation,
• 8:55
  Speaker 3: but I've been buying old Japanese cars and flipping them,
• 8:58
  Speaker 3: so I recommend other people do two and then get
• 9:01
  Speaker 3: it valued because you can raise your insurance as well.
• 9:04
  Speaker 2: And no one's gonna like that, but I did. I
• 9:06
  Speaker 2: just thought it was real fun.
• 9:07
  Speaker 5: That's a huge amount of money, So that's it. What's now.
• 9:10
  Speaker 5: I have absolutely no talent.
• 9:12
  Speaker 3: All I'm good at is like ripping my rims apart
• 9:15
  Speaker 3: when I go to park and like, what are they
• 9:18
  Speaker 3: made for if not telling me that I'm at the curb.
• 9:21
  Speaker 5: I don't know why they don't make them more sturdy,
• 9:23
  Speaker 5: because let's be honest, everybody's done it, and they're made
• 9:26
  Speaker 5: of like mine fell off once.
• 9:28
  Speaker 6: Because I hit the curb.
• 9:29
  Speaker 2: You were parking smartly, they fell off.
• 9:31
  Speaker 5: And they were like this thin, and I was like,
• 9:33
  Speaker 5: why are these not made of like steal or something
• 9:36
  Speaker 5: that's like a little sturdier.
• 9:38
  Speaker 3: Honestly, I'm convinced if they didn't want them to get scratched,
• 9:41
  Speaker 3: they'd be further set back. So they are obviously in
• 9:44
  Speaker 3: existence to make sure that I am a good parker.
• 9:47
  Speaker 5: And she's gonna live by that statement. My last money
• 9:50
  Speaker 5: wh is from Megan, and she said, we went to
• 9:53
  Speaker 5: dinner on Friday night with my partner. We decided to
• 9:55
  Speaker 5: get gelato afterwards, and the store was doing buy one,
• 9:58
  Speaker 5: get one free, and that is my dream and that's
• 10:00
  Speaker 5: why I picked it as my last money win because
• 10:02
  Speaker 5: I feel like, that's so good free ice cream.
• 10:04
  Speaker 3: You're like ten out of ten, buy one, get one free.
• 10:07
  Speaker 3: Her favorite money win wasn't going to Disney World on Victoria,
• 10:11
  Speaker 3: Like what, Okay, no worries it has as always been
• 10:14
  Speaker 3: great celebrating some of your budget direct money wins budget
• 10:18
  Speaker 3: Direct winner of Canctar's insurer if the year twenty twenty
• 10:22
  Speaker 3: to award Budget Direct Insurance solved.
• 10:25
  Speaker 5: We have some fun listener questions that people want to
• 10:27
  Speaker 5: ask you, because turns out everybody who's here is just
• 10:30
  Speaker 5: as passionate as we are. So the first question that
• 10:34
  Speaker 5: we have is how involved in my investing journey do
• 10:37
  Speaker 5: I personally need to be very always?
• 10:41
  Speaker 2: Is that it always?
• 10:42
  Speaker 1: No?
• 10:43
  Speaker 3: It's an interesting question because it really depends on what
• 10:46
  Speaker 3: type of investment you're going to choose, right And I
• 10:48
  Speaker 3: talk about this on the podcast, and recently we have
• 10:51
  Speaker 3: done have they.
• 10:52
  Speaker 2: Come out yet? The passive Investing episode? Is that out?
• 10:54
  Speaker 6: I don't know one of them is.
• 10:56
  Speaker 3: When one of them is, someone's nodding, it means it's out.
• 10:58
  Speaker 3: You're better at my show than I am, thank you.
• 11:01
  Speaker 3: So we're doing like passive versus active investing. And I
• 11:04
  Speaker 3: really I actually just a sidestep for a second. I
• 11:07
  Speaker 3: cannot believe how excited and hungry our community are for
• 11:11
  Speaker 3: investing content. Like I thought I would just explain the concepts,
• 11:15
  Speaker 3: and now people are emailing and they're like, can you
• 11:17
  Speaker 3: do a strategy like can you do an entire podcast
• 11:19
  Speaker 3: on this particular you know asset class or can you
• 11:22
  Speaker 3: do a particular podcast on the way you do xyzx?
• 11:25
  Speaker 3: And it just it blows my mind because it makes
• 11:28
  Speaker 3: me so damn proud because I'm like, oh, I know
• 11:31
  Speaker 3: that because I'm a financial advisor, but also I just
• 11:33
  Speaker 3: didn't think people cared and I do. So how involved
• 11:36
  Speaker 3: you want to be really depends on the strategy you adopt,
• 11:39
  Speaker 3: and the strategy that you adopt is going to be
• 11:42
  Speaker 3: really based on your risk profile. And I talk about
• 11:45
  Speaker 3: this all the time on the podcast and all the
• 11:47
  Speaker 3: time in real life. My clients that are here tonight,
• 11:50
  Speaker 3: I'm sorry you've heard this all before, but it goes
• 11:53
  Speaker 3: back to your risk profile, because investing can become really
• 11:57
  Speaker 3: easy if you know what asset cliss works for you.
• 12:01
  Speaker 3: So if you're a really balanced investor, you're going to
• 12:05
  Speaker 3: maybe be less involved, Whereas if you're far more aggressive,
• 12:09
  Speaker 3: you're probably going to want to be more involved because
• 12:11
  Speaker 3: you're more invested in the share market. So it really depends.
• 12:15
  Speaker 3: I would say at the very beginning, it pays to
• 12:18
  Speaker 3: be very, very invested in your journey in understanding you,
• 12:22
  Speaker 3: in understanding your money story, in understanding why you want
• 12:25
  Speaker 3: to invest, because that's the thing that's going to keep
• 12:27
  Speaker 3: you invested for the long term, in making sure that
• 12:30
  Speaker 3: you are, you know, putting.
• 12:32
  Speaker 2: Yourself in the best possible position.
• 12:34
  Speaker 3: But if you want to invest in directions, well that's
• 12:37
  Speaker 3: a far more active strategy than going and investing in
• 12:42
  Speaker 3: an ETF. So I think it really depends on what
• 12:45
  Speaker 3: you want to be. But if you want to be
• 12:46
  Speaker 3: really hands off and you want to go put your
• 12:48
  Speaker 3: money in one asset class and have it managed by
• 12:50
  Speaker 3: someone else, like we talk about six Park on the
• 12:52
  Speaker 3: show all the time. That's a robo advice platform where
• 12:55
  Speaker 3: you just transfer your money they're going to do all
• 12:57
  Speaker 3: of the hard work for you.
• 12:59
  Speaker 2: That's a money win.
• 13:00
  Speaker 3: If you don't want to be super super involved, but
• 13:03
  Speaker 3: you want professional assistance. Whereas someone like me, I'm quite controlling,
• 13:09
  Speaker 3: and I love being a part of a passive strategy
• 13:12
  Speaker 3: because I know that I can be quite impulsive, but
• 13:15
  Speaker 3: I'm really aware of that. So I have what's called
• 13:17
  Speaker 3: a core satellite approach where I have my core portfolio
• 13:20
  Speaker 3: and that's quite passive, and I have other people manage
• 13:22
  Speaker 3: that because I can't be trusted.
• 13:24
  Speaker 2: And then I have this satellite.
• 13:26
  Speaker 3: Of different shares that I personally am really excited in
• 13:30
  Speaker 3: and I invest in and follow so I know that
• 13:33
  Speaker 3: the risks I'm making there aren't impacting my future wealth.
• 13:36
  Speaker 3: But I can kind of employ both a passive and
• 13:39
  Speaker 3: an active strategy that makes the most sense for us.
• 13:43
  Speaker 2: Does that answer the question?
• 13:44
  Speaker 6: Yeah?
• 13:45
  Speaker 5: Absolutely, In terms of being hands off, at what point
• 13:48
  Speaker 5: do people look at advisors as well? Because I feel
• 13:50
  Speaker 5: like that's a chance for you to be relatively hands
• 13:53
  Speaker 5: off while still being involved, because, as you know, advisors
• 13:56
  Speaker 5: do have to keep in the loop. They can't just
• 13:58
  Speaker 5: do something without asking.
• 14:00
  Speaker 3: Yeah, I've been doing a lot of CPD this week
• 14:02
  Speaker 3: and justice like why. So it really depends. To be honest,
• 14:05
  Speaker 3: I would say that it's not just passive when you
• 14:08
  Speaker 3: go to a financial advisor. I have clients on both
• 14:11
  Speaker 3: ends of the spectrum. I have clients in light victoria.
• 14:14
  Speaker 3: I trust you do whatever you want, and you know what,
• 14:17
  Speaker 3: I actually don't like that, and I don't like it
• 14:19
  Speaker 3: because as much as you trust me, and that is beautiful,
• 14:22
  Speaker 3: thank you, I also want you to be completely aware
• 14:25
  Speaker 3: of absolutely everything that you are involved in. I want
• 14:28
  Speaker 3: you to be so understanding of the market ebbs and flows.
• 14:32
  Speaker 3: So when something does happen, you go yes because Victoria
• 14:34
  Speaker 3: said it went ABC and D. So in the establishment part,
• 14:38
  Speaker 3: I would say active is really important, but yeah, you
• 14:40
  Speaker 3: can kind of leave it to the pros. I would argue,
• 14:44
  Speaker 3: because financial advice can be cost prohibitive for a lot
• 14:48
  Speaker 3: of people, that it's really based on your values. It
• 14:51
  Speaker 3: is really based on how much you want to get
• 14:54
  Speaker 3: out of your financial journey. I mean, a lot of
• 14:57
  Speaker 3: us can do it ourselves, and a lot of our
• 14:58
  Speaker 3: community do absolutely support that. But if you're really struggling
• 15:02
  Speaker 3: with it, or you've come into a really large sum
• 15:05
  Speaker 3: of money, or you know you've been investing for a
• 15:07
  Speaker 3: few years and want to take it to a level
• 15:09
  Speaker 3: that you just can't seem to grasp yourself, I think
• 15:12
  Speaker 3: it would be worth it, but you really do have
• 15:15
  Speaker 3: to weigh up the costs of it, and if it's
• 15:17
  Speaker 3: investment only, So if you want to go see a
• 15:20
  Speaker 3: financial advisor, you can see them in a million different ways, right,
• 15:23
  Speaker 3: So you could go see them just for insurance. And
• 15:26
  Speaker 3: our friend Phil Thompson, who is here tonight, maybe he's
• 15:29
  Speaker 3: here tonight if he's not that's kind of sucky.
• 15:31
  Speaker 4: What a guy.
• 15:33
  Speaker 3: Anyway, he is our insurance specialist for our community, and
• 15:36
  Speaker 3: anytime someone has an insurance question, I'm like, look, go
• 15:39
  Speaker 3: to feel he does it twenty four to seven. In fact,
• 15:42
  Speaker 3: I've gotten to a point in my business where I
• 15:44
  Speaker 3: send my clients to do insurance with him and then
• 15:46
  Speaker 3: back to me for investment because that's what I invest at.
• 15:49
  Speaker 3: Or you could go see a financial advisor who does
• 15:52
  Speaker 3: it all and they are what's called a holistic financial advisor.
• 15:55
  Speaker 3: Or you could just go for investment advice, and it
• 15:58
  Speaker 3: really depends on what you want as to how much
• 16:00
  Speaker 3: it's going to cost. But if you're going just for
• 16:02
  Speaker 3: investment advice, there's a plethora of different options out there.
• 16:05
  Speaker 3: There's robo advice, there's you know DII platforms, there's microinvesting platforms,
• 16:11
  Speaker 3: there's you know, managed funds. There's so many options that
• 16:13
  Speaker 3: you can engage in as an individual. But when it
• 16:16
  Speaker 3: comes to stuff like insurance and superannuation, if I'm being
• 16:20
  Speaker 3: brutally honest, and some people aren't gonna like me saying
• 16:23
  Speaker 3: this when they listen to the pod, because I think
• 16:25
  Speaker 3: everyone in the community is going to understand. I just
• 16:28
  Speaker 3: don't think technology is at a point yet where insurance
• 16:31
  Speaker 3: and superanuation can be done via an app or Buya
• 16:34
  Speaker 3: a robo advisor. The algorithms don't take into control personal values,
• 16:39
  Speaker 3: whereas with investment, personal values get decided before you choose
• 16:44
  Speaker 3: your investment assets and the way that it's managed, so
• 16:47
  Speaker 3: that can be automated. But it comes down to your
• 16:50
  Speaker 3: will when it comes down to how much life insurance
• 16:53
  Speaker 3: you want. As much as I could calculate it for you, Jess,
• 16:56
  Speaker 3: it's not going to be perfect because I don't know
• 16:59
  Speaker 3: what your thoughts, feelings, and legacy are and I don't
• 17:02
  Speaker 3: think a robot understands that. So ah, I guess I've
• 17:05
  Speaker 3: gone on a little bit of a tangent because that's
• 17:07
  Speaker 3: me and I love talking about this.
• 17:09
  Speaker 2: But yeah, I just think it depends.
• 17:11
  Speaker 6: I like that. It's a very good answer.
• 17:13
  Speaker 5: The next question that we have is is it worth
• 17:15
  Speaker 5: micro investing at the same time as having a portfolio.
• 17:18
  Speaker 5: And I thought this question was really interesting because if
• 17:21
  Speaker 5: you're in micro investing, do you not inherently have a
• 17:25
  Speaker 5: portfolio that exists?
• 17:26
  Speaker 4: Yes?
• 17:27
  Speaker 2: Would you micro invest and proper invest at the same time? Yeah,
• 17:31
  Speaker 2: I do.
• 17:32
  Speaker 5: I have a spaceship account, which I know a lot
• 17:34
  Speaker 5: of the people in our community have, which is you know,
• 17:36
  Speaker 5: it's all kind of looked after for me.
• 17:37
  Speaker 6: And that's where I started.
• 17:39
  Speaker 5: And then, like you said, I graduated to shares these
• 17:41
  Speaker 5: and that's where I pick my individual stocks and my
• 17:44
  Speaker 5: shares that I want to invest in. And I've kept
• 17:47
  Speaker 5: them both partly because my spaceship is very in the
• 17:50
  Speaker 5: red right now and it would not be a great
• 17:52
  Speaker 5: time for me to sell that down in my opinion,
• 17:54
  Speaker 5: not personal advice, but also just because it's kind of
• 17:58
  Speaker 5: nice having something that just ticks a without a whole
• 18:00
  Speaker 5: lot of thought, and you can have things like the
• 18:02
  Speaker 5: auto invest or the round up feature on that makes
• 18:05
  Speaker 5: it really easy and those small amounts really add up
• 18:08
  Speaker 5: over the long term.
• 18:09
  Speaker 3: So you don't even need me. There's your answer. It
• 18:12
  Speaker 3: is true, right, like you don't have to just engage
• 18:15
  Speaker 3: with one platform. I would argue you need to weigh
• 18:18
  Speaker 3: up the cost of investing on multiple platforms because with
• 18:20
  Speaker 3: multiple platforms comes multiple fees. However, they all engage you
• 18:25
  Speaker 3: in different ways, and most micro investing platforms have really
• 18:29
  Speaker 3: low fees but very high engagement levels. And I would
• 18:32
  Speaker 3: say that with the high engagement levels, even though you're
• 18:34
  Speaker 3: in the red, which at the moment, like we've talked
• 18:36
  Speaker 3: about it on the pod, guys, you know we're in
• 18:37
  Speaker 3: a bear market.
• 18:38
  Speaker 2: We're twenty percent down.
• 18:39
  Speaker 3: If your investment portfolio is in the red, that makes
• 18:42
  Speaker 3: sense because the rest of the market is as well.
• 18:45
  Speaker 3: So if you're investing, you're probably caring a little bit
• 18:49
  Speaker 3: more about your micro investing platform because it's so accessible
• 18:52
  Speaker 3: on your phone. It's an app, like you can just
• 18:54
  Speaker 3: log in while you're on the train or the tram.
• 18:56
  Speaker 3: I do it in bed at night and like I
• 18:58
  Speaker 3: put a candy crush and look at my invest It's
• 19:00
  Speaker 3: real cool, like hot girl shit.
• 19:04
  Speaker 2: I also watch tiktoks. Yeah, yeah, a lot of tiktoks.
• 19:08
  Speaker 5: As someone who has slept next to you many times
• 19:11
  Speaker 5: in separate beds, but many times I can confirm she
• 19:13
  Speaker 5: does that and then when it's time to go to bed,
• 19:15
  Speaker 5: she puts on a nice soothing murder podcast.
• 19:20
  Speaker 2: I actually do and just had to tell me to
• 19:22
  Speaker 2: turn it off.
• 19:22
  Speaker 6: The other night.
• 19:23
  Speaker 3: She was like, do we have to listen to murder?
• 19:25
  Speaker 3: You give me nightmares? And I was like, oh, sorry, sorry,
• 19:28
  Speaker 3: but murder podcasts can recommend morbid the podcast if you
• 19:31
  Speaker 3: want them really gory, awful stories to go to bed.
• 19:34
  Speaker 6: With, which I do not.
• 19:35
  Speaker 3: For the requestion, let's talk about investment. I think when
• 19:39
  Speaker 3: it comes to microinvesting, as I said before, it keeps
• 19:41
  Speaker 3: you engaged, like I still micro invest even though I
• 19:45
  Speaker 3: have these other investment platforms, and the fees aren't really
• 19:48
  Speaker 3: my concern, purely because I like how engaged with the
• 19:51
  Speaker 3: platform I am. I like that I do the roundups,
• 19:55
  Speaker 3: and I feel like I save a lot more with it.
• 19:57
  Speaker 3: I do get to a certain point on my micro
• 19:59
  Speaker 3: investing platform and transfer it over because I'm cheap and
• 20:02
  Speaker 3: I don't want to get to the point where they
• 20:04
  Speaker 3: charge me more fees, so I chuck it into my
• 20:06
  Speaker 3: bigger account, and then I kind of have these mini
• 20:09
  Speaker 3: goals of getting to one thousand dollars or getting to
• 20:11
  Speaker 3: two thousand dollars depending on which platform it is as
• 20:14
  Speaker 3: to when I transfer.
• 20:14
  Speaker 2: It, and I'm kind of like, oh, how quickly can
• 20:16
  Speaker 2: I get there?
• 20:17
  Speaker 3: Like what if I put five dollars a day here
• 20:19
  Speaker 3: instead of getting coffee?
• 20:21
  Speaker 2: Like I just play with it a little.
• 20:22
  Speaker 3: Bit more, And I think that that's actually really positive
• 20:25
  Speaker 3: in this space. And even if you're only micro investing.
• 20:28
  Speaker 3: I've heard so many people say, especially recently, they're like, oh,
• 20:32
  Speaker 3: is it worth it? Like I'm just microinvesting. Like, yes,
• 20:35
  Speaker 3: you're exposing yourself to the market. Market exposure is not
• 20:38
  Speaker 3: just good because it's you going and investing and getting
• 20:42
  Speaker 3: a return, because obviously we're all investing so that we
• 20:45
  Speaker 3: can make use of compound interests, right, But it's not
• 20:48
  Speaker 3: just about getting that compound interest. It's exposing you to
• 20:51
  Speaker 3: the market so that when something happens, you're comfortable with it.
• 20:55
  Speaker 3: And if it's five dollars a day, or five dollars
• 20:58
  Speaker 3: a week, or five dollars a month, or even a
• 21:00
  Speaker 3: dollar a month, because that's what you can afford at
• 21:02
  Speaker 3: this point. I think that's really really positive because in
• 21:05
  Speaker 3: the future, one day you will invest more and you
• 21:08
  Speaker 3: would have already experienced the ebbs and flows. And I
• 21:12
  Speaker 3: think that there's just this really big misconception that when
• 21:14
  Speaker 3: you start your investment journey, you really need to put
• 21:17
  Speaker 3: in your life savings or put in so much money
• 21:20
  Speaker 3: that a quote makes sense like, that's not the way
• 21:23
  Speaker 3: investment works. I think small steps in the right direction
• 21:26
  Speaker 3: are what we want to be doing, because it puts
• 21:28
  Speaker 3: us in the best possible position.
• 21:30
  Speaker 2: So would I do both? Yes, because what I do,
• 21:32
  Speaker 2: I suppose.
• 21:33
  Speaker 5: I love that and I can see us getting the
• 21:35
  Speaker 5: eyes because we're getting close to time. But I have
• 21:36
  Speaker 5: one more question that I wanted to ask you before
• 21:38
  Speaker 5: we headed off, which is, while we know that investments
• 21:42
  Speaker 5: should generally be kept.
• 21:43
  Speaker 6: Over the long term, again not personal advice.
• 21:45
  Speaker 5: That people want to know when it comes time to
• 21:48
  Speaker 5: sell your portfolio, if it's the right time for you,
• 21:50
  Speaker 5: what things do we need to be keeping in mind.
• 21:52
  Speaker 3: Capital gains tax, I think is really important and something
• 21:56
  Speaker 3: that we forget we need to pay because we talk
• 21:58
  Speaker 3: about tax in general, and you think you already paid
• 22:00
  Speaker 3: it on the money that you put into the market.
• 22:03
  Speaker 3: But capital gains tax is a tax you pay on
• 22:05
  Speaker 3: the profit that you make. So if you made a
• 22:07
  Speaker 3: dollar and you are at a tax rate of thirty
• 22:09
  Speaker 3: two and a half percent, you have to pay thirty
• 22:11
  Speaker 3: two and a half cents to the tax man when
• 22:14
  Speaker 3: you pull that money out for every dollar, for every
• 22:17
  Speaker 3: single dollar I said, if you made one dollar, Like
• 22:20
  Speaker 3: I was just making it a really small example, Jessica,
• 22:23
  Speaker 3: but I think it's really important to take that into consideration.
• 22:27
  Speaker 3: But also, remember it does get complicated. Remember that losses
• 22:31
  Speaker 3: can be carried forward, So if you've had a loss
• 22:33
  Speaker 3: over a few years, you can carry those forwards so
• 22:35
  Speaker 3: that when you do have a capital gain, it kind
• 22:37
  Speaker 3: of balances out. So the best thing you can do
• 22:39
  Speaker 3: if you are planning on selling is talk to your accountant,
• 22:43
  Speaker 3: and that is not nearly as expensive as talking to
• 22:46
  Speaker 3: a financial advisor, I promise, because you'll just say, what
• 22:48
  Speaker 3: are the tax implications of me making this decision? And
• 22:50
  Speaker 3: they'll say one hundred and twenty dollars, please, sir. And
• 22:53
  Speaker 3: that is a really good example of a good investment,
• 22:58
  Speaker 3: because you could go, I just want to sell because
• 23:00
  Speaker 3: I'm just not feeling it anymore.
• 23:02
  Speaker 2: That's cool, But do you want to be.
• 23:03
  Speaker 3: Up for a couple of thousand dollars completely unexpectedly?
• 23:06
  Speaker 2: Probably not.
• 23:08
  Speaker 3: The other thing I would take into consideration as buying
• 23:10
  Speaker 3: and trading in really short periods of time because capital
• 23:15
  Speaker 3: gains tax is taxed at your marginal tax rate. However,
• 23:20
  Speaker 3: if you buy and sell it within twelve months, So
• 23:23
  Speaker 3: say you went and bought some ethereum or bitcoin a
• 23:26
  Speaker 3: month ago, that was a.
• 23:28
  Speaker 4: Sad time to buy.
• 23:30
  Speaker 3: But let's pretend you didn't it did really well and
• 23:32
  Speaker 3: you were like, oh my gosh, yess I made so
• 23:34
  Speaker 3: much money on crypto, and then you sold it, you
• 23:37
  Speaker 3: actually had fifty percent capital gains tax because it's in
• 23:40
  Speaker 3: a twelve month period instead of your marginal tax rate.
• 23:43
  Speaker 3: So it's really important to remember time in the market,
• 23:46
  Speaker 3: but also making sure that tax is taken into consideration,
• 23:50
  Speaker 3: because I've seen it in our community where people are like, oh,
• 23:53
  Speaker 3: I did this, and then I sold this, and then
• 23:55
  Speaker 3: it got to tax time and I owed so much
• 23:57
  Speaker 3: and I just didn't.
• 23:57
  Speaker 2: I don't get it.
• 23:58
  Speaker 3: Why did I have this? And it's something that kind
• 24:01
  Speaker 3: of creeps up on you. So there are tax implications
• 24:04
  Speaker 3: of investing, but the important thing to remember there is
• 24:07
  Speaker 3: actually that if you're paying tax, you're making money.
• 24:10
  Speaker 4: And we like that.
• 24:11
  Speaker 3: We like paying tax, but we only like paying tax
• 24:14
  Speaker 3: when it makes sense for us. We don't like surprise tax.
• 24:16
  Speaker 3: So avoid surprise tax, but keep paying your tax. Is
• 24:20
  Speaker 3: that good advice?
• 24:21
  Speaker 5: I feel like it is, And if it's not, I'm
• 24:22
  Speaker 5: sure Asik will tell us otherwise.
• 24:28
  Speaker 3: Do you know if I like breached my license? We
• 24:31
  Speaker 3: talk about this all the time, that you know, if
• 24:32
  Speaker 3: influencers being held account to exactly the same standard as
• 24:36
  Speaker 3: financial advisors, and people like, what does that mean, guys?
• 24:39
  Speaker 3: It means five years in jail and a million dollars.
• 24:41
  Speaker 3: I don't have a million dollars, nor do I have
• 24:43
  Speaker 3: five years to waste in jail. I could listen to
• 24:46
  Speaker 3: a lot of murder podcasts. I could probably make a
• 24:48
  Speaker 3: lot of murder podcasts.
• 24:49
  Speaker 2: Maybe it is a good idea.
• 24:51
  Speaker 6: I like some really good podcast guests in there.
• 24:54
  Speaker 3: All right, we are getting what it would be a
• 24:57
  Speaker 3: great idea from behind the bus.
• 25:00
  Speaker 2: She's in jail. Great, I love it.
• 25:03
  Speaker 3: All right, Well, we're getting the eyes from the side
• 25:05
  Speaker 3: of stage, so we are going to take a very
• 25:08
  Speaker 3: short twenty minute break. It is your time to get
• 25:10
  Speaker 3: a glass of rose, because when we get back on stage,
• 25:12
  Speaker 3: we are going to be having a glass of champagne
• 25:14
  Speaker 3: with our very special guest.
• 25:16
  Speaker 2: You guys can all grab a wine.
• 25:19
  Speaker 6: Will we're back.
• 25:26
  Speaker 3: I am very excited. I hope that you guys have
• 25:29
  Speaker 3: all had time.
• 25:30
  Speaker 2: She's taking a picture of my book.
• 25:31
  Speaker 6: Guys, should we smile of me too?
• 25:36
  Speaker 3: I hope you guys have all had time to pick
• 25:38
  Speaker 3: up a rose and obviously pick up a book. Well,
• 25:41
  Speaker 3: I think that we will get straight back into it
• 25:44
  Speaker 3: and introduce our special guest, Jessica. You've got the ramp.
• 25:47
  Speaker 3: Tell us about her.
• 25:48
  Speaker 5: Our guest is absolutely incredible. Her name is Victoria Latow.
• 25:52
  Speaker 5: She is one of Australia's most influential fashion commentators and creators.
• 25:57
  Speaker 5: After kicking off her media career in LA which included
• 26:00
  Speaker 5: a very fancy roll at MTV, Victoria began her online platform,
• 26:04
  Speaker 5: Talking Shop, which is a bold, modern lifestyle online brand
• 26:08
  Speaker 5: for the millennial woman, covering topics such as fashion, beauty, lifestyle,
• 26:12
  Speaker 5: motherhood and wellness. She's an advocate for diversity within the
• 26:16
  Speaker 5: fashion industry and helps to promote confidence in women across
• 26:19
  Speaker 5: the nation through how they style and create their signature looks.
• 26:22
  Speaker 6: And she looks bomb tonight. She looks stunning.
• 26:25
  Speaker 3: I thought I was fashion. I was like, I'm gonna
• 26:27
  Speaker 3: wear this white dress and just looks like texting it.
• 26:29
  Speaker 3: I'm gonna wear the peach dress and it's like, so
• 26:31
  Speaker 3: she's on the money and this woman she trumps us.
• 26:33
  Speaker 3: So let's have.
• 26:34
  Speaker 2: A very warm welcome for Victoria Letto. Welcome to the show.
• 26:47
  Speaker 4: Victoria, thank you so much.
• 26:49
  Speaker 7: You know, the thing about me is this is the
• 26:52
  Speaker 7: first time I'm actually ever doing a podcast, and you
• 26:55
  Speaker 7: gotta do it live in front of five hundred people.
• 26:59
  Speaker 3: No pressure, I have no pressure at all. Well, thanks
• 27:01
  Speaker 3: for joining us. We are genuinely so excited to have you.
• 27:06
  Speaker 3: As always, whenever we have a special guest on the show,
• 27:08
  Speaker 3: we need to kick it off with a recent money
• 27:10
  Speaker 3: win or a confession.
• 27:11
  Speaker 2: What have you got for us?
• 27:13
  Speaker 4: A money win?
• 27:15
  Speaker 7: Okay, I actually invested in crypto and I want some money. Well,
• 27:19
  Speaker 7: I say one because it was more like gambling than investing.
• 27:23
  Speaker 7: But I'm so proud to say, were you bagging crypto?
• 27:26
  Speaker 7: Just that was really some money, not a lot, but
• 27:30
  Speaker 7: I actually did.
• 27:32
  Speaker 2: Did you sell it?
• 27:33
  Speaker 4: I held it for about eight months.
• 27:36
  Speaker 2: For fun, with that couple of gains tax.
• 27:39
  Speaker 7: I know when you were saying that, but it wasn't
• 27:40
  Speaker 7: a big amount of money, so I don't think it
• 27:43
  Speaker 7: doesn't matter.
• 27:44
  Speaker 4: But the fact is I made my money.
• 27:46
  Speaker 2: Yeah money win ten out of ten win love.
• 27:48
  Speaker 4: Making money, So that was my big money win. Is
• 27:52
  Speaker 4: that what we took?
• 27:53
  Speaker 1: That?
• 27:53
  Speaker 2: That is perfect?
• 27:54
  Speaker 7: But I also have to say, you're obviously with the
• 27:57
  Speaker 7: investing your risk take up, and it makes sense because
• 28:01
  Speaker 7: you go to bed listening to murder podcasts.
• 28:05
  Speaker 3: I'm actually a little bit sad that that's come out publicly.
• 28:07
  Speaker 3: Like I don't think it's not public knowledge that I
• 28:10
  Speaker 3: listen to murder podcasts, but the fact that I go
• 28:12
  Speaker 3: to sleep, but it does says to the creepy like
• 28:16
  Speaker 3: it's just like, oh, that's how she switches off.
• 28:19
  Speaker 2: That's a different breed.
• 28:21
  Speaker 7: No, that says a lot about your psyche because I
• 28:24
  Speaker 7: am the complete opposite in when it comes to investing,
• 28:27
  Speaker 7: I'm like, this is actually going to be fun.
• 28:29
  Speaker 4: So when you're going to ask me investing questions.
• 28:32
  Speaker 7: Because I'm more like a mum and pop investor, you know,
• 28:36
  Speaker 7: all this shit saying that out the that I have
• 28:39
  Speaker 7: made some good investments but in.
• 28:41
  Speaker 4: Your own fit, Yeah no, not really my I.
• 28:44
  Speaker 2: Didn't feel like, no, no.
• 28:47
  Speaker 7: Fashion is not a good place to actually invest, but
• 28:50
  Speaker 7: real estate is.
• 28:52
  Speaker 4: So I don't know.
• 28:53
  Speaker 7: I think you have to have a lot of risk
• 28:56
  Speaker 7: taking abilities. I don't even know the actual word for
• 28:59
  Speaker 7: it to actually go to shares and stuff.
• 29:01
  Speaker 4: Am I wrong?
• 29:02
  Speaker 2: Yes?
• 29:03
  Speaker 4: And yes or no.
• 29:04
  Speaker 3: It's kind of like a spectrum. There are like, say
• 29:06
  Speaker 3: for shares and more risky shares, and it just really
• 29:09
  Speaker 3: depends on what your risk profile.
• 29:10
  Speaker 7: Okay, that's already risky, that's fun, anything to deal with.
• 29:18
  Speaker 5: Before we get into all the fun investing stuff. Victoria,
• 29:20
  Speaker 5: I'd love for you to tell us a little bit
• 29:22
  Speaker 5: more about you and what you do, because I think
• 29:24
  Speaker 5: you have such a fun background and I want everyone
• 29:27
  Speaker 5: else to know a little bit more about it.
• 29:29
  Speaker 7: Okay, I was thinking about this because it's so I'm
• 29:32
  Speaker 7: essentially what people call it slashy, which is what my
• 29:36
  Speaker 7: generation is known for doing multiple things. Bottom line is
• 29:40
  Speaker 7: I am a fashion editor, so I do a bit
• 29:44
  Speaker 7: of styling. Still I do, you know, style expert. I
• 29:48
  Speaker 7: do commentary on style, but for Channel ten and Studio ten,
• 29:53
  Speaker 7: I essentially edit fashion. And I think anybody on Instagram
• 29:57
  Speaker 7: or somebody that works on social media, with any so
• 30:00
  Speaker 7: of platform, you kind of have your own publication. So
• 30:05
  Speaker 7: since I work in style and I do work on
• 30:08
  Speaker 7: Instagram and with my social media presence as well as
• 30:11
  Speaker 7: television and media, I do kind of feel I edit
• 30:14
  Speaker 7: a publication and I treat it like that because I
• 30:17
  Speaker 7: have pillars of content. So if you come to my
• 30:20
  Speaker 7: page today, if you go on there, you'll see me
• 30:22
  Speaker 7: strutting in a leopard outfit. So that's my editorial. You're
• 30:27
  Speaker 7: just there for the looks of fashion. Some days you
• 30:31
  Speaker 7: come on and I tell you how to style, so
• 30:33
  Speaker 7: I teach you about trends and what's trending or how
• 30:36
  Speaker 7: it's style a particular piece. Other times I take you
• 30:40
  Speaker 7: shopping with me, and I think people actually love that
• 30:43
  Speaker 7: one because I do affordable brands, and I think most
• 30:46
  Speaker 7: people don't actually like going into store and digging and
• 30:49
  Speaker 7: seeing through all those things, so they would rather watch
• 30:52
  Speaker 7: somebody trying on all. So those are my different pillars.
• 30:58
  Speaker 7: And sometimes I throw in kids, but you know, they're
• 31:01
  Speaker 7: very hard to wrangle, so.
• 31:04
  Speaker 4: Very few and far between. Basically, so you're.
• 31:07
  Speaker 3: A woman that does it all. She also used to
• 31:09
  Speaker 3: work for MTV, Like are you kidding? I know what
• 31:13
  Speaker 3: you're about to do, and I'm about TV.
• 31:18
  Speaker 7: That is kind of what I used to put on
• 31:20
  Speaker 7: my resume to actually get more jobs.
• 31:22
  Speaker 4: I was what you call it glorified.
• 31:24
  Speaker 7: In turn, really waiting, does anybody remember MTV TRL or
• 31:29
  Speaker 7: my kind?
• 31:29
  Speaker 4: I'm still in my thirties, I'm not that old.
• 31:32
  Speaker 7: Yeah, So that and Channel V were the only things
• 31:36
  Speaker 7: available at that time apart from Channel ten, Channel seven,
• 31:40
  Speaker 7: Channel nine.
• 31:41
  Speaker 4: So if you actually ever thought of working in the media.
• 31:44
  Speaker 7: And I know you work at ten now, but MTV
• 31:46
  Speaker 7: and Channel V were the only places you could imagine
• 31:49
  Speaker 7: me fifteen years ago. Now everything's changed. But yeah, I
• 31:53
  Speaker 7: kind of was. I tried out, you know, maybe I
• 31:57
  Speaker 7: was on air like six times. It was like glorified
• 31:59
  Speaker 7: in But I tell everybody I got my start on
• 32:02
  Speaker 7: MTV TRL.
• 32:04
  Speaker 3: I think I'm having to tell everybody that because it's
• 32:08
  Speaker 3: the truth.
• 32:08
  Speaker 4: Don't downplay that a little bit of the truth.
• 32:11
  Speaker 3: Right, So, your relationship with your career history not as
• 32:14
  Speaker 3: positive as maybe your current relationship with money, which I
• 32:16
  Speaker 3: want to know about. Tell us what's your current relationship
• 32:19
  Speaker 3: with money about?
• 32:21
  Speaker 7: I would say I have a good relationship with money
• 32:24
  Speaker 7: because like with every relationship, oh my god, I'm going
• 32:28
  Speaker 7: to start I'm sounding like every time I grab a microphone,
• 32:31
  Speaker 7: I start sounding like Oprah because obviously I was raised
• 32:35
  Speaker 7: at that time where you got her advice. Now, I
• 32:38
  Speaker 7: think every relationship with money, with food, with clothes, whatever
• 32:42
  Speaker 7: is kind of directly reflected on the relationship you have
• 32:46
  Speaker 7: with yourself, which is the most important relationship basically, So
• 32:50
  Speaker 7: how much are you willing to back yourself, support yourself,
• 32:53
  Speaker 7: be there for yourself. So I think I've had a
• 32:55
  Speaker 7: few things go on with my life, and I think
• 32:59
  Speaker 7: I have a relationship with myself, Like I trust myself.
• 33:03
  Speaker 7: I know, like I'm not perfect by any means, but
• 33:05
  Speaker 7: I'll always back myself. So in that sense, I trust
• 33:10
  Speaker 7: myself more with money. If you know, what does that
• 33:14
  Speaker 7: make sense?
• 33:15
  Speaker 3: What does that look like though, like in your day
• 33:17
  Speaker 3: to day life? What does trusting yourself more with money
• 33:20
  Speaker 3: look like?
• 33:20
  Speaker 4: I know myself very much.
• 33:21
  Speaker 7: I know I don't go to bed listening to murder podcasts,
• 33:26
  Speaker 7: so I am very risk adverse.
• 33:29
  Speaker 4: I'm kind of a boring.
• 33:31
  Speaker 2: You can just do true crime like no one dies.
• 33:34
  Speaker 7: But I love it because it says a lot about
• 33:37
  Speaker 7: a person. I'm like completely the opposite. I need something
• 33:40
  Speaker 7: soothing and calming, and my investments need to be small.
• 33:43
  Speaker 7: I don't care if I don't make a big win
• 33:46
  Speaker 7: like some people would be like, I'm going to put
• 33:48
  Speaker 7: down a lot of money because I'm going to take
• 33:50
  Speaker 7: a chance at making a big amount back. Now I
• 33:54
  Speaker 7: say I had twenty thousand dollars to my name, I
• 33:57
  Speaker 7: would rather invest two thousand dollars.
• 34:00
  Speaker 4: Rule of thumb, never invest.
• 34:02
  Speaker 7: More than you can afford to lose, and what you
• 34:06
  Speaker 7: think you can afford to lose is obviously different for everybody.
• 34:09
  Speaker 4: So for me, even if.
• 34:10
  Speaker 7: I had twenty thousand dollars, I would personally not want
• 34:14
  Speaker 7: to lose more than let's.
• 34:15
  Speaker 4: Say four, okay four not two four.
• 34:18
  Speaker 3: But yeah, actually like using this example and you're like,
• 34:20
  Speaker 3: hold up, got to make it real.
• 34:22
  Speaker 7: I got to make it really I am because I'm
• 34:23
  Speaker 7: very Yeah, so I make small steps, but you're talking
• 34:27
  Speaker 7: about small steps. You encourage that, So that's kind of
• 34:29
  Speaker 7: how I am. So I listened to like classical music
• 34:32
  Speaker 7: before bed, and I know she's gonna grow up well balanced,
• 34:38
  Speaker 7: you know, just to like really calm down.
• 34:40
  Speaker 4: And that's literally how I invest slowly and but surely basically.
• 34:45
  Speaker 3: I'm so glad I have a podcast because otherwise I
• 34:47
  Speaker 3: would have been a serial killer.
• 34:50
  Speaker 4: So good.
• 34:52
  Speaker 5: Talking about investing. You mentioned crypto before, which is very fun.
• 34:56
  Speaker 5: Are you investing in anything else? And if you are,
• 34:59
  Speaker 5: what does that look like?
• 35:00
  Speaker 4: You just property? I am investing.
• 35:03
  Speaker 7: I think it might be maybe because I'm a child
• 35:06
  Speaker 7: of immigrants, and I think when we came here, the
• 35:09
  Speaker 7: biggest thing you could do is buy a piece of
• 35:11
  Speaker 7: property to you stake some ownership, and like, I think
• 35:14
  Speaker 7: my parents instilled that on me, so I started investing
• 35:17
  Speaker 7: property really young. It's just that now with the way
• 35:21
  Speaker 7: the market is, it's kind of it did pay off,
• 35:24
  Speaker 7: although you haven't said that. A few years ago, I
• 35:26
  Speaker 7: did buy a property that was a complete waste of
• 35:28
  Speaker 7: my time.
• 35:29
  Speaker 4: So it's not always a win if you go the property.
• 35:32
  Speaker 7: Route, basically, so you lose some of your win some.
• 35:36
  Speaker 7: That's what my investing looks like.
• 35:38
  Speaker 4: Property.
• 35:39
  Speaker 3: How did you decide property because you said before your
• 35:42
  Speaker 3: child of immigrants was not always in your financial future
• 35:46
  Speaker 3: because I feel like immigrants obviously coming to Australia that's
• 35:49
  Speaker 3: really challenging and I think a lot of them think
• 35:52
  Speaker 3: maybe properties are pipe dream there exactly Australia exactly. But
• 35:57
  Speaker 3: did you ever think that that would be you?
• 35:59
  Speaker 7: To be honest, I have to say this is completely
• 36:02
  Speaker 7: my mother. So she did everything and I remember the
• 36:05
  Speaker 7: only reason I actually could afford to buy property back
• 36:08
  Speaker 7: then is I did a panting I know, I pulled my
• 36:10
  Speaker 7: hair back, but I did a panting commercial.
• 36:13
  Speaker 4: I think fifteen.
• 36:14
  Speaker 7: Years ago that I was and that's time they used
• 36:17
  Speaker 7: to pay you big money and buy big money. I mean,
• 36:19
  Speaker 7: like I think they paid me fifteen grand for that camp.
• 36:22
  Speaker 7: I know money, yes, yeah.
• 36:30
  Speaker 2: For fifteen grand.
• 36:31
  Speaker 4: I know, you don't understand. I actually thought I had died.
• 36:35
  Speaker 7: I had never seen and I was so young, well
• 36:37
  Speaker 7: since I am eighteen now is probably three then, and
• 36:43
  Speaker 7: so I honestly thought, oh my god, I had never
• 36:46
  Speaker 7: seen that much money in my life. And instantly my
• 36:49
  Speaker 7: Mom's like, no way, this is going to go down
• 36:52
  Speaker 7: the crowber. So I got the first homeowner's grant and
• 36:56
  Speaker 7: with that and then I could buy something that was
• 36:59
  Speaker 7: like kind of property. I think I bought it for
• 37:01
  Speaker 7: almost it wasn't even three hundred thousand, but that was
• 37:04
  Speaker 7: a substantial kind of deposit and literally, no shit, that set.
• 37:09
  Speaker 4: Me up for everything.
• 37:12
  Speaker 6: You could leverage the equity exactly that.
• 37:14
  Speaker 4: You know.
• 37:15
  Speaker 7: I'm hopeful that with my kids we can do that.
• 37:17
  Speaker 7: I don't even think it's possible anymore, the way real
• 37:20
  Speaker 7: estate is going. But that genuinely gave me such a
• 37:24
  Speaker 7: boost and even the way I feel about myself having
• 37:27
  Speaker 7: that kind of you know, equity, kind of thing asset
• 37:31
  Speaker 7: just gives you having I just think, as a woman,
• 37:34
  Speaker 7: having some cash behind you does for sure change the
• 37:39
  Speaker 7: way you feel and carry yourself gives you some extra confidence,
• 37:43
  Speaker 7: for sure.
• 37:43
  Speaker 3: I am the world's biggest advocate for an emergency fund
• 37:47
  Speaker 3: Have you always had one?
• 37:48
  Speaker 7: No, right, I'm not gonna lie to emergency funds. That
• 37:57
  Speaker 7: is a different rel because I would honestly say some cash.
• 38:01
  Speaker 4: And then I'm going to be like, oh my god,
• 38:03
  Speaker 4: I love this.
• 38:05
  Speaker 7: Katia bracelet, you know, and then but speaking of a
• 38:11
  Speaker 7: luxury fashion, Catia Bracelet's actually increase in value every single year.
• 38:18
  Speaker 6: If you on the back five to ten years ago.
• 38:21
  Speaker 5: I had a.
• 38:21
  Speaker 4: Problem with Chanelle. Sorry this sound I don't.
• 38:24
  Speaker 2: I will take what you've got.
• 38:26
  Speaker 7: It's not that on your Instagram. I just I don't
• 38:29
  Speaker 7: know something about Chanel. I don't know what it is.
• 38:33
  Speaker 7: It's just that's the only thing I don't.
• 38:34
  Speaker 4: I don't know why.
• 38:35
  Speaker 7: I've tried to like see a therapist. And I'm not
• 38:38
  Speaker 7: even joking.
• 38:40
  Speaker 2: I just tried to see a therapist.
• 38:43
  Speaker 7: No, no, I just can't bring myself to spend eleven
• 38:48
  Speaker 7: thousand dollars on a classic and I have spent money
• 38:52
  Speaker 7: on luxury. I don't even Seriously, if you follow me,
• 38:55
  Speaker 7: you know I've earned some serious cash, but I can't
• 38:58
  Speaker 7: do it on Chanel.
• 39:01
  Speaker 6: Isn't that so interesting?
• 39:02
  Speaker 2: I came to my own show to be attacked. I
• 39:06
  Speaker 2: bought one Chanelle one.
• 39:09
  Speaker 6: I love it, and I bought it.
• 39:12
  Speaker 2: I will have you know.
• 39:15
  Speaker 7: Because I saw that fight and I was like, oh, no,
• 39:17
  Speaker 7: we're going to talk. But I swear to god, I
• 39:19
  Speaker 7: saw on your Instagram together.
• 39:20
  Speaker 4: I'm like, oh, she like Chanelle.
• 39:24
  Speaker 2: And she's me because of the Murder podcast.
• 39:26
  Speaker 3: But she needed therapy because of the Chanel Why.
• 39:30
  Speaker 5: Okay, I'm just not being attacked because I can't afford it.
• 39:33
  Speaker 4: So what about your emergency fund?
• 39:38
  Speaker 6: No ah, yeah, but it's not in Chell.
• 39:43
  Speaker 4: Okay. Last thing about Chanel though, no jokes, this is how.
• 39:46
  Speaker 2: Are you talking about it?
• 39:47
  Speaker 4: Because it's five years ago.
• 39:49
  Speaker 7: The Chanel bag cost six thousand, five hundred dollars. It
• 39:54
  Speaker 7: costs eleven thousand dollars today. Said so, and that's when
• 39:59
  Speaker 7: you think about it.
• 40:00
  Speaker 4: You're like, oh still.
• 40:02
  Speaker 2: No, okay, okay.
• 40:05
  Speaker 3: So I get from an investment perspective, and I'm not
• 40:08
  Speaker 3: here defending this channel. But what I am saying is
• 40:11
  Speaker 3: I actually I get a little bit equ when people
• 40:14
  Speaker 3: justify fashion like purchases like a handbag or something along
• 40:19
  Speaker 3: those lines. When they say, oh, but it's an investment
• 40:22
  Speaker 3: because if I'm buying something, I'm buying it to use it,
• 40:24
  Speaker 3: and therefore, if I use it's probably gonna get broken
• 40:27
  Speaker 3: because it's me and I just I go, is that
• 40:30
  Speaker 3: actually an investment? So as a fashion editor, as somebody
• 40:33
  Speaker 3: who works in that space, would you classify fashion as
• 40:36
  Speaker 3: an investment?
• 40:37
  Speaker 7: I think you can invest your money better, honestly. But
• 40:41
  Speaker 7: it brings me so much joy that I think it's
• 40:45
  Speaker 7: a bit of invest in my personal care and self care.
• 40:49
  Speaker 7: But I do think some items I wouldn't encourage that
• 40:53
  Speaker 7: you go this way. I'm sure the better place is
• 40:55
  Speaker 7: to put five thousand dollars in smarter ways of using it.
• 40:59
  Speaker 4: But I do have to say I'm like a big
• 41:01
  Speaker 4: jewelry person.
• 41:02
  Speaker 7: Or maybe again I've spoken to myself about it and
• 41:05
  Speaker 7: convinced myself.
• 41:06
  Speaker 2: About the self or your therapist.
• 41:10
  Speaker 4: Myself.
• 41:11
  Speaker 7: But again, I like good jewelry, and I feel like
• 41:14
  Speaker 7: jewelry it could be handed down like to kids, to
• 41:18
  Speaker 7: your children for generations. And again, if I actually ever
• 41:22
  Speaker 7: wanted to sell one of my Katia bracelets, I would
• 41:25
  Speaker 7: get the exact same amount of money back for them,
• 41:29
  Speaker 7: maybe give a take a few hundred dollars because I
• 41:31
  Speaker 7: take care of them.
• 41:32
  Speaker 4: You know what I mean.
• 41:33
  Speaker 7: I'm one of those people that I would prefer to
• 41:35
  Speaker 7: kind of save up and buy a good piece rather
• 41:39
  Speaker 7: than buying many crappy little pieces.
• 41:43
  Speaker 5: Do you know I find really interesting when it comes
• 41:45
  Speaker 5: to jewelry, this is so far off the topic of investing.
• 41:48
  Speaker 6: I'm very sorry.
• 41:49
  Speaker 2: In the script we've just gone rogue. I can see
• 41:52
  Speaker 2: it where we can stay broke.
• 41:55
  Speaker 5: I find it really interesting how you said that you
• 41:57
  Speaker 5: can buy a beautiful piece and you can wear it
• 41:59
  Speaker 5: all the time, and you can pass it down, And
• 42:00
  Speaker 5: that's a really common thought with jewelry, and I think
• 42:03
  Speaker 5: it's super interesting that we don't feel that way about
• 42:05
  Speaker 5: our clothes and the element of fast fashion that comes
• 42:08
  Speaker 5: into that, because if you buy a beautiful piece of clothing,
• 42:11
  Speaker 5: you could do the same thing. Theoretically, you could wear
• 42:13
  Speaker 5: it all the time and you could pass it down
• 42:15
  Speaker 5: to your children.
• 42:15
  Speaker 4: I'm not that rich.
• 42:16
  Speaker 7: No, I just cotton this cotton silk silk like again,
• 42:21
  Speaker 7: and maybe another thing I need to discuss with my therapist.
• 42:24
  Speaker 7: But no, you can't convince me of that, because I
• 42:28
  Speaker 7: just feel how much better is your the law? Then
• 42:33
  Speaker 7: I understand the craftsmanship right, but sometime I think it's
• 42:37
  Speaker 7: about a seven hundred percent increase on what it really is.
• 42:41
  Speaker 4: And essentially you are just paying to wear the label,
• 42:46
  Speaker 4: do you know what I mean?
• 42:47
  Speaker 2: Totally?
• 42:48
  Speaker 7: And if you can and it brings you joy, do it,
• 42:51
  Speaker 7: but don't get into debt trying to check you.
• 42:54
  Speaker 4: Do you know what I'm saying?
• 42:55
  Speaker 7: If you can afford it, why not, Like, if it's
• 42:58
  Speaker 7: not gonna do anything bad to your money situation, do it.
• 43:03
  Speaker 7: But it's not something that you should chase thinking it's
• 43:07
  Speaker 7: going to change your life and make you feel better
• 43:09
  Speaker 7: about yourself. It's maybe an adictua when you actually do it,
• 43:12
  Speaker 7: but it's not.
• 43:13
  Speaker 3: I mean, there's an overlaying conversation about ethics and how
• 43:15
  Speaker 3: it's sourced and all of that, and we could go
• 43:17
  Speaker 3: on and on about that, but I want to put
• 43:19
  Speaker 3: that part of the conversation to the side for now
• 43:22
  Speaker 3: and ask you a little bit before we get back
• 43:24
  Speaker 3: on track, a little bit about the fashion investment pieces
• 43:27
  Speaker 3: you think we should be getting right, Because there are
• 43:29
  Speaker 3: some things that you go you.
• 43:31
  Speaker 2: Should spend money on Chanel.
• 43:33
  Speaker 3: And there are some things that you shouldn't spend money on,
• 43:36
  Speaker 3: Like if you were constructing a wardrobe, and you were like,
• 43:39
  Speaker 3: you know what, I need a basic white T shirt?
• 43:41
  Speaker 3: Are those the things I should splurge on? Or should
• 43:43
  Speaker 3: I be getting the cheap white T shirts and going
• 43:46
  Speaker 3: with the expensive genes? Like where should I be channeling
• 43:48
  Speaker 3: my money? Because I need this advice?
• 43:51
  Speaker 7: Okay, So I'm a big proponent of people having a
• 43:55
  Speaker 7: curated wardrobe or at least having a capsule specifically for you.
• 43:59
  Speaker 7: And I know people go a capsule wardrobe and everybody's
• 44:02
  Speaker 7: supposed to have the same thing. Not true, because a
• 44:04
  Speaker 7: capsule wardrobe means you have in essential pieces in your
• 44:08
  Speaker 7: wardrobe essential.
• 44:09
  Speaker 4: To your life. So your capsule wardrobe will.
• 44:12
  Speaker 7: Be different from mine, different from somebody that's a stay
• 44:14
  Speaker 7: at home mum, different from somebody that works corporate. You know,
• 44:17
  Speaker 7: we all need the essentials in those wardrobes will all
• 44:20
  Speaker 7: be very different.
• 44:22
  Speaker 4: Right.
• 44:22
  Speaker 7: But I do feel if there is an item of
• 44:25
  Speaker 7: clothing that you consistently wear every day, for example, say
• 44:30
  Speaker 7: you wear a white shirt. Right, I'm not saying go
• 44:33
  Speaker 7: spend thousands of dollars in a white shirt, but do
• 44:36
  Speaker 7: get a good quality one because going and buying it cheaply,
• 44:41
  Speaker 7: washing it a couple of times you're going to have
• 44:42
  Speaker 7: to repurchase. Sometimes when you buy something cheap, you're going
• 44:46
  Speaker 7: to have to I don't like saying cheap.
• 44:48
  Speaker 4: I like saying less than expensive. It sounds better.
• 44:51
  Speaker 7: If you buy something less than expensive, you have to
• 44:55
  Speaker 7: really think about what it is because if you have
• 44:57
  Speaker 7: to keep repurchasing, it doesn't make any sense.
• 45:01
  Speaker 4: Do you understand.
• 45:02
  Speaker 7: So if there's an like if you are wearing a
• 45:04
  Speaker 7: leather jacket every single day, then buy a good one.
• 45:07
  Speaker 7: You know that actually starts with vegan leather is another thing,
• 45:10
  Speaker 7: but let's not go there.
• 45:12
  Speaker 4: That's the best marketing vegan leather.
• 45:15
  Speaker 2: It is vinyl, it's plastic, vinyl, it's plastic, it's final.
• 45:19
  Speaker 2: I've looked into this.
• 45:21
  Speaker 1: Let it.
• 45:23
  Speaker 4: But that's a good marketing spin. But let's not you know.
• 45:26
  Speaker 2: Have you seen the vegan silk recently? Yes?
• 45:30
  Speaker 4: What is it?
• 45:33
  Speaker 3: I was trying to find something on I think it
• 45:34
  Speaker 3: was a door beauty the other day and I was
• 45:36
  Speaker 3: like in the beauty sleep section because I was looking
• 45:38
  Speaker 3: for like a new I'm asked for travel. Long story short,
• 45:41
  Speaker 3: I could go on about this all day. And they
• 45:43
  Speaker 3: were like vegan silk like pillowcases, and I was like
• 45:46
  Speaker 3: Jesus ninety dollars.
• 45:47
  Speaker 2: No, it's like just satin. That's that's a four dollar pill.
• 45:52
  Speaker 4: No.
• 45:53
  Speaker 7: Absolutely, marketing has gotten so good. Anyway, we digress because
• 45:58
  Speaker 7: we can go.
• 45:59
  Speaker 5: I'm gonna shift us back on track for the benefit
• 46:01
  Speaker 5: of everybody listening.
• 46:03
  Speaker 2: Hold on, hold on.
• 46:04
  Speaker 3: So if I wear it every day, you can invest
• 46:06
  Speaker 3: in it. I could wear a Schnell in the office.
• 46:10
  Speaker 5: We've spoken about investing in houses and crypto and fashion,
• 46:14
  Speaker 5: but something we talk about a lot as well is
• 46:17
  Speaker 5: investing in yourself. And I want to ask you, what
• 46:21
  Speaker 5: is the best investment that you feel like you've ever
• 46:23
  Speaker 5: made in yourself that isn't necessarily, you know, a monetary share.
• 46:28
  Speaker 7: Oh my god, watching Oprah all the time I was
• 46:30
  Speaker 7: growing up.
• 46:31
  Speaker 4: No, that was a good investment.
• 46:32
  Speaker 6: And everybody gets a cup, but not really weird erect
• 46:38
  Speaker 6: want me.
• 46:38
  Speaker 2: I can't afford it.
• 46:40
  Speaker 7: Best investment in myself, I kind of there was a stage.
• 46:44
  Speaker 4: In my life where I went not anymore.
• 46:46
  Speaker 7: Maybe I should go back to seeing the therapist. Obviously
• 46:48
  Speaker 7: I still have unresolved issues, don't I. It sounds like
• 46:51
  Speaker 7: a witch for sure.
• 46:53
  Speaker 4: For sure, I.
• 46:54
  Speaker 2: Think we both need to work on that, because it
• 46:56
  Speaker 2: turns out.
• 46:57
  Speaker 7: I do too. To be honest, I think the most.
• 47:00
  Speaker 7: Oh this is going to sound so trying, but yoga.
• 47:03
  Speaker 4: Oh my god, I want of good. I swear to you.
• 47:08
  Speaker 4: I'm not a very physically.
• 47:09
  Speaker 7: I don't love to exercise, but I love hot yoga,
• 47:14
  Speaker 7: right And I think when I was actually kind of
• 47:16
  Speaker 7: looking for ways to get fit and get calm and
• 47:20
  Speaker 7: medit medicated, meditated, Oh.
• 47:23
  Speaker 2: I just got Yeah.
• 47:25
  Speaker 7: That was a really because you're so tired and burn
• 47:27
  Speaker 7: out when you come out that you're like you feel
• 47:29
  Speaker 7: completely zin and it's almost because you're barely hanging onto life.
• 47:33
  Speaker 7: But that worked for me, and I think that physical,
• 47:37
  Speaker 7: that investing inself.
• 47:38
  Speaker 4: Oh my god, I'm sounding like a.
• 47:40
  Speaker 6: Podcast one podcast one time.
• 47:45
  Speaker 4: For my first podcast, is it.
• 47:47
  Speaker 2: I'm not gonna lie.
• 47:48
  Speaker 3: There's nothing I could think of that is worse than
• 47:51
  Speaker 3: hot yoga that turns.
• 47:53
  Speaker 2: Really. I have been once and they were like, oh, welcome, Rarah.
• 47:57
  Speaker 3: This is gonna be like I think it's like a
• 47:58
  Speaker 3: ninety minute session, right too, it isn't. I walk in
• 48:01
  Speaker 3: and I just think I'm hot shit because I'm so
• 48:03
  Speaker 3: good at yoga at this point in my life, and
• 48:04
  Speaker 3: I'm like great, So I get on my mat and
• 48:06
  Speaker 3: I've got my water and I'm wearing like shorts because
• 48:08
  Speaker 3: it was going to be hot, and they're like, you
• 48:10
  Speaker 3: know what, to take it slowly. It's very different normal yoga.
• 48:13
  Speaker 3: I had so many tickets. I was like, it's fine,
• 48:14
  Speaker 3: it's fine, it's it'll.
• 48:15
  Speaker 2: Be all good.
• 48:16
  Speaker 3: And they were like, head straight away, just lay down
• 48:18
  Speaker 3: if you're feeling a little bit dizzy.
• 48:20
  Speaker 2: And I was like, okay, no worries.
• 48:21
  Speaker 3: And like eighty five minutes of that ninety session, like
• 48:24
  Speaker 3: I sat on the floor and I was so embarrassed everybody.
• 48:29
  Speaker 3: Even before I got off and left, I was like,
• 48:31
  Speaker 3: I'm not seeing them in the locker area that I'm
• 48:33
  Speaker 3: never coming back.
• 48:35
  Speaker 4: But I think there is something to that, because I
• 48:37
  Speaker 4: think the fact.
• 48:38
  Speaker 7: That your spirit is actually leaving your body actually makes
• 48:41
  Speaker 7: you feel like.
• 48:42
  Speaker 6: Weight off your shoulders, my spirit.
• 48:47
  Speaker 2: You're meditated after that.
• 48:50
  Speaker 7: No, but that's the only and I think actually investing
• 48:53
  Speaker 7: in that and kind of investing in time to do
• 48:56
  Speaker 7: that actually was for a period of my in my life,
• 49:00
  Speaker 7: was actually very helpful to me. But generally I always
• 49:04
  Speaker 7: feel women especially should take time to find what is
• 49:09
  Speaker 7: that thing that could help them feel healthy, thing feel better?
• 49:14
  Speaker 7: About themselves just you know. I don't like saying you know,
• 49:18
  Speaker 7: and I don't want it to be like a face
• 49:19
  Speaker 7: mask and a hair thing, because that's topical. You can
• 49:22
  Speaker 7: do that, but something you know from the inside of
• 49:25
  Speaker 7: physical fitness meditation, and.
• 49:28
  Speaker 3: I feel like that's different for everybody. I think when
• 49:30
  Speaker 3: I was a bit younger, and this is why I
• 49:31
  Speaker 3: went to hot yoga because everybody else was doing it,
• 49:34
  Speaker 3: and I was like, oh my gosh, I want to
• 49:35
  Speaker 3: be like those Instagram girls that have Chanel bags and
• 49:38
  Speaker 3: go to hot yoga. And I got halfway there with
• 49:42
  Speaker 3: one Chanel bag and one session of hot yoga. However,
• 49:46
  Speaker 3: I think it is really different for everybody. But I'm
• 49:48
  Speaker 3: consistently still looking at other people and being like, oh,
• 49:51
  Speaker 3: Jess winds down like this, Oh Victoria winds down like that.
• 49:54
  Speaker 3: Maybe I should try it, And I think I need to.
• 49:56
  Speaker 3: You know, this is a good reminder to look a
• 49:58
  Speaker 3: little bit further in and be like, well, what works
• 50:01
  Speaker 3: for me, because you know, Jess and I this year
• 50:04
  Speaker 3: have probably had our busiest year, and like we are
• 50:06
  Speaker 3: so grateful for it, we're so excited about it. But
• 50:09
  Speaker 3: what I learned this year, it's so lame is that
• 50:12
  Speaker 3: sometimes switching off for me isn't actually about going and
• 50:15
  Speaker 3: doing pilates with my girlfriends and getting a coffee. It's
• 50:18
  Speaker 3: actually spending an extra hour in bed in the morning
• 50:21
  Speaker 3: scrolling on TikTok because I feel like I've completely switched
• 50:24
  Speaker 3: off and I'm okay with that now, Whereas before I
• 50:27
  Speaker 3: think I would look at it and be like, oh,
• 50:29
  Speaker 3: I'm wasting so much time. But I'd be like, oh,
• 50:32
  Speaker 3: but I spent this hour just doing something mindless and
• 50:36
  Speaker 3: kind of disconnecting from my responsibilities and my inbox and
• 50:40
  Speaker 3: my social media, and I feel like all of that
• 50:43
  Speaker 3: can be all consuming. So as much as it's nice
• 50:46
  Speaker 3: to do really bougie things which are so fun, do
• 50:49
  Speaker 3: not get me wrong, that.
• 50:50
  Speaker 4: Is not bougie.
• 50:52
  Speaker 3: It sounds like something rich mums do. If you live
• 50:55
  Speaker 3: in tour, I can drive and range for ever. Ah yeah,
• 50:59
  Speaker 3: when I drop that kids off, I've got my.
• 51:01
  Speaker 2: Chrome ut ten.
• 51:03
  Speaker 7: No, I actually did bigger at six thirty when my
• 51:06
  Speaker 7: husband gets home. I used to love doing the TikTok thing.
• 51:10
  Speaker 7: But do you think that actually kind of well, do
• 51:12
  Speaker 7: you have a different psyche?
• 51:13
  Speaker 4: Obviously we'll just discussed.
• 51:15
  Speaker 7: That it actually winds me up watching TikTok like I
• 51:19
  Speaker 7: try to do.
• 51:19
  Speaker 4: Winds you up, winds me up.
• 51:21
  Speaker 7: I get into all this comedy things and I just
• 51:24
  Speaker 7: kind of like, can't sleep, can't RelA.
• 51:27
  Speaker 2: I get into the side of TikTok which has murder
• 51:32
  Speaker 2: like true crime people. There was that TikTok thing recently?
• 51:36
  Speaker 2: Was it recently?
• 51:37
  Speaker 3: Was like a year ago where they found a body
• 51:39
  Speaker 3: in a suitcase And I.
• 51:40
  Speaker 2: Was one of the ones to see the.
• 51:42
  Speaker 3: First video and I thought it was a hoax, but
• 51:44
  Speaker 3: it wasn't. I actually did.
• 51:45
  Speaker 5: And this is what I had to sleep listening to
• 51:48
  Speaker 5: while we were on This.
• 51:49
  Speaker 2: Is where we're at. Jess and I are very different.
• 51:52
  Speaker 2: What side of TikTok are you on?
• 51:53
  Speaker 1: Jess?
• 51:53
  Speaker 5: The side that my boyfriend will show me on Instagram
• 51:56
  Speaker 5: reels Three weeks later.
• 51:59
  Speaker 2: Hey, Mab, look at this cool video. I just founded
• 52:02
  Speaker 2: on myself. Actually we need to be nice. Dreams is here? Sorry?
• 52:05
  Speaker 3: Sorry, I want to know. You mentioned before that you
• 52:07
  Speaker 3: have kids, which is very lucky, but I want to
• 52:10
  Speaker 3: know where she's on the money. How are you teaching
• 52:13
  Speaker 3: them about money in twenty twenty two.
• 52:15
  Speaker 4: I am not, but I'm about to start.
• 52:17
  Speaker 7: We have this thing going so every birthday or every Christmas.
• 52:21
  Speaker 7: They usually get some cash from the grandparents. So we
• 52:24
  Speaker 7: have opened an account. Can I say a bank? Are
• 52:27
  Speaker 7: you sponsored by somebody?
• 52:28
  Speaker 3: No, you can't say what we want even if we
• 52:30
  Speaker 3: don't sponsored, like we don't have like normal case.
• 52:34
  Speaker 7: You know, just in case you wanted me to say
• 52:35
  Speaker 7: a specific bank, because it doesn't matter.
• 52:38
  Speaker 2: The bank of Victoria.
• 52:39
  Speaker 5: We'll drop in Victoria the other Victoria's voice over by.
• 52:43
  Speaker 3: Trade Jess is our partnerships manager. In every contract. She
• 52:47
  Speaker 3: you cannot keep us like we will talk about whatever
• 52:50
  Speaker 3: we want to otherwise go away.
• 52:52
  Speaker 7: That was a good opportunity. But anyway, you lost at
• 52:54
  Speaker 7: so let me and I let it go.
• 52:56
  Speaker 4: We're okay. So we've set up something. We come bank.
• 52:59
  Speaker 4: It's I think somebody was telling me there's.
• 53:01
  Speaker 7: An actual program that compounds the interest that over time,
• 53:06
  Speaker 7: which I think is absolutely amazing. So we kind of
• 53:10
  Speaker 7: initially started. We're depositing some money. We haven't if I'm
• 53:14
  Speaker 7: being honest, we haven't continued because we would have to
• 53:17
  Speaker 7: go to the bank and deposit with you. But we
• 53:19
  Speaker 7: did start. So there is about fifty bucks in one
• 53:22
  Speaker 7: and I think thirty five in the other.
• 53:25
  Speaker 2: So they're gonna be rich, no dead.
• 53:29
  Speaker 7: I know my mom helped me buy a property and
• 53:31
  Speaker 7: I'm like thirty five bucks, fifty.
• 53:34
  Speaker 4: Kids going far? Gee.
• 53:36
  Speaker 7: I hope my husband starts to listen to this. Yeah so,
• 53:40
  Speaker 7: but that's kind of what we've actually started doing. But
• 53:42
  Speaker 7: they're also six and four, so you can't really teach them.
• 53:47
  Speaker 7: I think maybe in a year or two I'm going
• 53:49
  Speaker 7: to start, you know, spending money now, okay, really enjoyed that.
• 53:54
  Speaker 2: We all know what's okay?
• 53:55
  Speaker 7: I can't see is that the softika okay.
• 54:00
  Speaker 2: Yeah, partner.
• 54:02
  Speaker 3: If you guys hear her on the podcast, she's Kate
• 54:05
  Speaker 3: the mortgage broker.
• 54:05
  Speaker 2: She runs Zella money. She won't forlong and with this attitude.
• 54:09
  Speaker 7: No, I think in a couple of years we'll teach
• 54:11
  Speaker 7: them about because now it's just Christmas every day, Mom,
• 54:14
  Speaker 7: I want this. You'd never actually want to go anywhere
• 54:16
  Speaker 7: with them because they don't get it.
• 54:18
  Speaker 4: There's no concept of that at the moment.
• 54:21
  Speaker 7: But I think maybe in two three years, my daughter
• 54:24
  Speaker 7: is going to start understanding that if she spends her
• 54:26
  Speaker 7: fifty bucks that she got for Christmas, she's not going
• 54:29
  Speaker 7: to have any money to buy that extra barbie or
• 54:31
  Speaker 7: that you know because it's gone.
• 54:33
  Speaker 4: You know.
• 54:34
  Speaker 6: I didn't learn that until I left home.
• 54:36
  Speaker 3: Oh, I was a bit the same actually, Like my
• 54:40
  Speaker 3: parents did a lot to try and educate me around finances,
• 54:43
  Speaker 3: but I was not having it.
• 54:44
  Speaker 2: That was not cool. Caring about money not cool.
• 54:47
  Speaker 7: I had no choice because we had Like obviously, as
• 54:49
  Speaker 7: I said, I actually came here from I'm half Russian,
• 54:53
  Speaker 7: sorry Ukrainian. I was Russian six months ago. Now I'm
• 54:57
  Speaker 7: half Ukrainian because obviously the war. I was born in
• 54:59
  Speaker 7: Odessa and my father's Nigerian, so I kind of.
• 55:03
  Speaker 4: Have lived in both those places.
• 55:04
  Speaker 7: And when we came here, the education about money I
• 55:07
  Speaker 7: got was actually watching people work really hard for money.
• 55:12
  Speaker 7: So it was kind of innate. It just happened. I
• 55:15
  Speaker 7: saw it. It wasn't ever going to be wasted. I
• 55:18
  Speaker 7: don't know if I learned that well, because I still
• 55:20
  Speaker 7: kind of waste money if you think about it. My
• 55:21
  Speaker 7: mom thinks I'm the worst. She's like, you spent what
• 55:24
  Speaker 7: like or you did that? You know, she can't wrap
• 55:26
  Speaker 7: her head around it. But yeah, I think it's what
• 55:30
  Speaker 7: you grow. It's so funny what you get. Some people
• 55:33
  Speaker 7: in my that would have had that kind of upbringing,
• 55:36
  Speaker 7: would probably, you know, save a lot of money and
• 55:39
  Speaker 7: kind of be a bit more stringent. But not Victoria.
• 55:42
  Speaker 7: She's a libra. She goes from one side to the other.
• 55:46
  Speaker 7: We're saving, then we're blowing it. We're saving, then we're
• 55:48
  Speaker 7: blowing it.
• 55:49
  Speaker 3: You know, the balance were the Victoria the cancer is
• 55:52
  Speaker 3: a do what she says, not what she does kind
• 55:55
  Speaker 3: of goal. Thanks for outing the schnelle, by the way,
• 55:58
  Speaker 3: that was like the biggest purchase I ever mane And
• 56:00
  Speaker 3: do you know.
• 56:00
  Speaker 4: What You've got to make your money back your couple.
• 56:03
  Speaker 2: Don't want to make my money back. I want to
• 56:05
  Speaker 2: keep my back.
• 56:06
  Speaker 7: I'm telling you, if everything's burning down, run out of
• 56:08
  Speaker 7: the house with that bag is still going to be Seriously,
• 56:11
  Speaker 7: you're going to have your money. And I just want
• 56:13
  Speaker 7: to know how high you can get, like literally, how
• 56:16
  Speaker 7: much money you're going to.
• 56:17
  Speaker 4: Pay for a bag with four sides of leather, Like.
• 56:20
  Speaker 3: I don't know because I'm on the side of TikTok.
• 56:21
  Speaker 3: I don't know if anybody else is on this side.
• 56:23
  Speaker 3: I don't know how I got there because I can't
• 56:25
  Speaker 3: afford it, but I'm on burken TikTok. No no no, no, no, no,
• 56:30
  Speaker 3: yeah no you'll accept.
• 56:33
  Speaker 4: I'm ready for it.
• 56:34
  Speaker 7: I don't know there's a thing which you now I
• 56:36
  Speaker 7: have to go regressive therapy.
• 56:39
  Speaker 2: All right, you do it. Why is the burken? Okay?
• 56:41
  Speaker 4: Then it's just so cute.
• 56:45
  Speaker 2: I just don't understand the concept buy heaps of stuff
• 56:50
  Speaker 2: from a.
• 56:50
  Speaker 7: No that they're light to you. I think they're like
• 56:53
  Speaker 7: not everybody has to do that.
• 56:55
  Speaker 2: Oh you would just get a burken.
• 56:56
  Speaker 4: I'm not me, I say yet, but I'll tell you
• 56:59
  Speaker 4: in a year.
• 56:59
  Speaker 7: But sometimes sometimes you just walk in and like somebody
• 57:04
  Speaker 7: sees you, like the Mez gods are like, okay, we'll
• 57:07
  Speaker 7: give her one kind of thing and you out. And
• 57:10
  Speaker 7: so I don't even want to get into it because
• 57:12
  Speaker 7: this is a whole story where there's person. She's like
• 57:15
  Speaker 7: somebody on TikTok, like literally had to get hr involved.
• 57:18
  Speaker 7: She was having a mental breakdown because nobody got her
• 57:21
  Speaker 7: me's bag. I mean, like, how much time do you
• 57:24
  Speaker 7: have on your hands? Like really, I mean she has
• 57:28
  Speaker 7: children as well. She was crying and having like this anxiety.
• 57:31
  Speaker 2: Attack breakdown over a hand bag.
• 57:33
  Speaker 3: Full breakdown anyway, but if you took my Chanell, I
• 57:36
  Speaker 3: would have a full breakdown.
• 57:38
  Speaker 4: I wouldn't do that too, Darling, No.
• 57:40
  Speaker 3: Because you don't want it. Jess though you'd take a chanelle.
• 57:46
  Speaker 5: Oh yeah, if the house was burning down, I'd take
• 57:48
  Speaker 5: the chanelle and I'd probably leave you.
• 57:53
  Speaker 2: I think that's very price to leave it, miss Jessica Ricci.
• 57:56
  Speaker 2: What do you reckon? Should we wrap these show?
• 57:58
  Speaker 3: Because I actually want to get out there and meet
• 58:00
  Speaker 3: all of you. Come join us on Instagram, follow Victoria
• 58:03
  Speaker 3: on Instagram. I want to say another special thank you
• 58:06
  Speaker 3: to you. You are an absolute delight and arguably my
• 58:09
  Speaker 3: new best friend.
• 58:09
  Speaker 2: So I'm very excited about it. Yeah we are. We
• 58:13
  Speaker 2: walked in and I was like, is that it? And
• 58:15
  Speaker 2: she was like yep, and I was like.
• 58:16
  Speaker 3: Oh, anyway, thank you. Also, thank you to our gorgeous
• 58:20
  Speaker 3: interpreters who have made this event super super special.
• 58:24
  Speaker 2: A massive thank you to the people who trusted.
• 58:27
  Speaker 3: Me right not one, but two books, Penguin, Random House,
• 58:31
  Speaker 3: and to Feign for.
• 58:32
  Speaker 2: Putting these events on for us who would have thought.
• 58:36
  Speaker 6: Thank you for coming.
• 58:36
  Speaker 5: We hope you had a good time and you guys
• 58:39
  Speaker 5: will get to maybe here your laughs definitely. You Kate
• 58:42
  Speaker 5: are on the podcast in a couple of weeks, so
• 58:45
  Speaker 5: have a fantastic night.
• 58:46
  Speaker 6: And we'll see you all out there,