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We Asked a Financial Advisor Your Most-Asked Money Questions · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
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
0:22
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
0:27
Speaker 1: and the storytelling of you to make a difference for
0:30
Speaker 1: today and lasting impactful tomorrow.
0:33
Speaker 2: Let's get into it.
0:34
Speaker 3: She's on the Money, She's on the Money.
0:57
Speaker 2: Hello, and welcome to She's on the Money, the pods
1:00
Speaker 2: where no money question is too big, too small, or
1:02
Speaker 2: too embarrassing to ask. I'm Victoria Devine. And if you've
1:06
Speaker 2: ever found yourself stuck on a money decision, whether it's
1:09
Speaker 2: picking the right financial advisor, paying off debt or investing,
1:14
Speaker 2: or figuring out what to do with a lump sum,
1:16
Speaker 2: my friend, you are in exactly the right place, because
1:19
Speaker 2: today we're going to be answering your biggest financial questions
1:23
Speaker 2: and breaking it down judgment free of course, and to
1:27
Speaker 2: help me is someone our community loves and is obsessed
1:31
Speaker 2: with and begged me to bring back. And I'm a
1:34
Speaker 2: girl that likes delivering. You've quickly become a very integral
1:39
Speaker 2: part of the She's on the Money family. Miss Daisy
1:42
Speaker 2: Major from Everest Wealth, Welcome back to the show.
1:46
Speaker 4: Thank you for having me again. I'm very excited.
1:48
Speaker 2: Oh I'm so excited. But I think my favorite thing
1:50
Speaker 2: ever is like I get dms all the time and
1:53
Speaker 2: they're like, hey, so I just listened to Daisy's episode
1:55
Speaker 2: and I'm like, that was ages ago. If you've got
1:57
Speaker 2: her email, I'd love to talk to her. This is
1:59
Speaker 2: the best thing ever this time round, though, Daisy, we're
2:03
Speaker 2: mixing it up. Instead of just talking about financial advisors
2:06
Speaker 2: in general and what they do and how they do it,
2:08
Speaker 2: I've actually decided to turn the tables and we have
2:10
Speaker 2: asked you guys to send in a heap of your
2:13
Speaker 2: biggest money questions, and there were some good ones and
2:16
Speaker 2: you get to answer them. I feel like we've got
2:18
Speaker 2: an ex financial advisor and a financial advisor just answering
2:21
Speaker 2: people's dirty dms. Gonna be great now. I wanted to
2:25
Speaker 2: start by saying that we had heaps of questions come
2:27
Speaker 2: through about what it's actually like to see a financial advisor,
2:31
Speaker 2: like how to choose the right one, what happens in
2:33
Speaker 2: the first meeting, and how much it costs, and if
2:36
Speaker 2: that's something that you are currently wondering. I actually recommend
2:39
Speaker 2: going back to our previous episode with Daisy because it's
2:42
Speaker 2: basically a step by step guide of exactly what to expect,
2:46
Speaker 2: and I've linked it in the show notes so that
2:48
Speaker 2: you're able to check it out. But that was a
2:50
Speaker 2: good one. That was our first one we tested the
2:52
Speaker 2: waters together. Yeah, but let's dive straight into I guess
2:55
Speaker 2: the proper questions, Daisy. Our first question is from a
2:59
Speaker 2: community member who's going to see a financial advisor and
3:02
Speaker 2: thinking about paying for it from their superannuation. A lot
3:06
Speaker 2: of people don't know that you can actually do this,
3:08
Speaker 2: so can you explain I guess how that works and
3:11
Speaker 2: whether it's something that you would actually recommend as a
3:14
Speaker 2: financial advisor.
3:15
Speaker 4: Yeah, absolutely so. Most super funds in the market will
3:18
Speaker 4: allow us to charge your fee. Some definitely don't, but
3:21
Speaker 4: most to do in the market. I suppose there's a
3:24
Speaker 4: few reasons as to why we would recommend that you
3:26
Speaker 4: do charge through super one of them is that you
3:29
Speaker 4: do get a fifteen percent tax reduction through the SUPERFI
3:32
Speaker 4: very sexy, yep. So it makes it fifteen percent cheaper
3:35
Speaker 4: for you.
3:36
Speaker 2: It's like a discount code, but you just have to
3:38
Speaker 2: use you Super.
3:38
Speaker 4: And then Yeah, for a lot of our clients that
3:40
Speaker 4: we see, it means that there's more money that they
3:42
Speaker 4: have to invest, pay off debt, keep in cash for
3:45
Speaker 4: a house deposit. But I suppose one of the big
3:47
Speaker 4: caveates is that we can't charge everything through Super. We
3:50
Speaker 4: have to meet what's called a sole purpose test. So
3:53
Speaker 4: that just means that we have to charge a percentage
3:56
Speaker 4: through Super of the percentage of advice that we're providing
3:59
Speaker 4: around your super fund.
4:00
Speaker 2: Yeah, and I don't know if you do this, but
4:02
Speaker 2: all the way back in the day when I used
4:04
Speaker 2: to be a financial advisor, sometimes as a part of
4:06
Speaker 2: our strategy, we would recommend that clients made an additional
4:10
Speaker 2: contribution to their super to pay for their advice because
4:13
Speaker 2: at tax time they get a deduction on it. So
4:15
Speaker 2: we're not just talking about using I guess your super
4:18
Speaker 2: fund savings or your super fund investments to pay We're
4:21
Speaker 2: talking about using that as a tool to pay and
4:24
Speaker 2: get a refund. But then also if you don't have
4:26
Speaker 2: the cash for financial advice but you like really need it,
4:29
Speaker 2: that's also an option.
4:31
Speaker 4: Yeah, one hundred percent. And there's definitely talks at the
4:33
Speaker 4: moment around making our fees tax seductible personally, so that
4:36
Speaker 4: will definitely change kind of how we propose it to clients.
4:39
Speaker 2: So sexy, it would be life changing, Like go see
4:43
Speaker 2: an accountant, tax deductible, go see a financial advisor. We
4:46
Speaker 2: literally can't let you claim your statement of advice on
4:50
Speaker 2: tax at the moment, and that makes no sense. Like
4:53
Speaker 2: at a deeper level, the government is benefiting when people
4:57
Speaker 2: are individually taking care of their own retirement. Yeah, why
5:00
Speaker 2: wouldn't you make that more attractive for us?
5:02
Speaker 4: Yeah, And it's just really strange how there's different tax
5:04
Speaker 4: laws with super compared to personally around this, So like
5:07
Speaker 4: the super funck can claim the tax deduction, but where
5:09
Speaker 4: you can't personally. Doesn't really make a heap of sense.
5:12
Speaker 4: But hopefully they.
5:13
Speaker 2: We don't make the rules. We're just playing within the
5:15
Speaker 2: rules and we're helping you understand them. So next one,
5:19
Speaker 2: I've got one of our community members shared how she
5:22
Speaker 2: saw two different financial advisors and then got two completely
5:25
Speaker 2: different sets of advice from each of them, which is
5:28
Speaker 2: obviously relatively confusing. What do you think about that? And
5:33
Speaker 2: how can someone tell which advice to follow? And I
5:36
Speaker 2: would say, more importantly, how do you know who financial
5:39
Speaker 2: advisor is even good?
5:40
Speaker 4: We definitely see people that come to us who are
5:42
Speaker 4: seen a financial advisor before, and maybe our advice is different.
5:46
Speaker 4: A lot of it lands on kind of the advisor's philosophy.
5:49
Speaker 4: Some maybe more pro property, some maybe more pro the
5:52
Speaker 4: share market. But I suppose what I recommend for people
5:56
Speaker 4: is that they try and find a financial advisor that
5:58
Speaker 4: deals with people that are in kind of their similar situations.
6:01
Speaker 4: So I wouldn't recommend a twenty eight year old single
6:05
Speaker 4: female go see a pre retire advisor, Like you want
6:07
Speaker 4: to be dealing with somebody that deals in your realm
6:10
Speaker 4: and is used to providing advice in your area.
6:13
Speaker 2: I think that's why you're so popular with our community, Daisy.
6:16
Speaker 4: And then yeah, I suppose, like how you know an
6:18
Speaker 4: advice is good? I mean, there's plenty of different websites
6:21
Speaker 4: where there's advisor ratings on there.
6:23
Speaker 2: Just ask me, are too?
6:24
Speaker 4: And that's what I saying, Go the she's on the
6:26
Speaker 4: money community, and yeah, Google reviews things like that, and
6:29
Speaker 4: I suppose a lot of advisors do provide that free
6:32
Speaker 4: of charge initial meeting and it's just really like you
6:35
Speaker 4: get a vibe check pretty quickly.
6:36
Speaker 1: But for that.
6:37
Speaker 4: Community member that's received kind of contradicting advice, it will
6:40
Speaker 4: definitely be kind of what feels better in your gut
6:44
Speaker 4: as to which one you would go with. I mean,
6:45
Speaker 4: we have a best interest duty that we need to
6:47
Speaker 4: provide to our clients. I wouldn't say necessarily one's right,
6:50
Speaker 4: one's wrong.
6:51
Speaker 2: Yeah, I was gonna say this sounds relatively strange because
6:56
Speaker 2: financial advice, we know isn't cheap, and to get two
6:59
Speaker 2: pieces of a advice that's a relatively expensive task. Like
7:02
Speaker 2: I might hold on, what are you doing? But I
7:05
Speaker 2: would say, and I love saying on the podcast when
7:08
Speaker 2: in doubt, zoom out, but like, let's look at the
7:10
Speaker 2: bigger picture. It might be completely different like asset recommendations,
7:14
Speaker 2: but like where are you going to land in the future,
7:16
Speaker 2: Like what's the big picture here as opposed to what
7:20
Speaker 2: is the like short term picture because you might go,
7:22
Speaker 2: oh my gosh, I don't have enough information here. But
7:24
Speaker 2: like this particular advisor suggested property and direct shares, and
7:28
Speaker 2: this other one said, oh more, you know ETF based portfolio.
7:32
Speaker 2: There's actually not a right or wrong. There's what that
7:35
Speaker 2: advisor is more comfortable with. And like, if I go
7:38
Speaker 2: back to when I was a financial advisor, I dealt
7:41
Speaker 2: a lot with direct shares, So like I would construct
7:44
Speaker 2: portfolios for clients made of eight to twelve, I would
7:49
Speaker 2: say basic shares that we had constructed and spoken about.
7:53
Speaker 2: But then I would have girlfriends who were also financial
7:55
Speaker 2: advisors and they're like, oh my gosh, Victoria, I know,
7:57
Speaker 2: absolutely not, I just do ETFs or you know, another
8:00
Speaker 2: financial advice is like, oh my god, no, Like I
8:02
Speaker 2: work for a financial advice firm that also has buyers agents,
8:05
Speaker 2: and like we do a lot of property. Like that
8:07
Speaker 2: doesn't mean that you're worse off from any We all
8:09
Speaker 2: just have different methodologies and honestly interests. Like I loved
8:14
Speaker 2: that share side of it took me longer, but it
8:17
Speaker 2: was like something that I was passionate about. So I
8:19
Speaker 2: think it's important to remember that it doesn't mean it's
8:21
Speaker 2: wrong one hundred percent.
8:22
Speaker 4: Yeah, And as long as they've met your goals, explain
8:25
Speaker 4: the advice to you then yeah, I think you really
8:27
Speaker 4: just go with your guart there.
8:28
Speaker 2: All right, we have a lot of questions from our
8:30
Speaker 2: community about lump sums and you know, choosing between I
8:35
Speaker 2: guess two different financial options like do I pay off
8:39
Speaker 2: my HEX or do I start investing? Or do I
8:41
Speaker 2: put extra money into my mortgage or my superannuation? Or
8:44
Speaker 2: do I start saving for a house Daisy, or should
8:46
Speaker 2: I just you know, go and buy an ETF What
8:49
Speaker 2: does that look like? These decisions, I would say, are
8:52
Speaker 2: not one size fits all. So how do you actually
8:56
Speaker 2: work out what the hell is best for you?
8:58
Speaker 4: Yeah? So I think a lot of it comes down
9:00
Speaker 4: to your goals and your time frames as well as
9:03
Speaker 4: kind of where you're at in life. So in terms
9:05
Speaker 4: of paying off your help debt compared to investing, I
9:08
Speaker 4: mean with the changes with help indexing at CPI or
9:11
Speaker 4: wage growth compared to investing in the market, Like investing
9:15
Speaker 4: in the market historically is done seven to ten percent,
9:18
Speaker 4: whereas putting a lumpsom off your HEX could be two
9:20
Speaker 4: to three percent. But then I suppose if you're looking
9:23
Speaker 4: at buying your house, like you may need to pay
9:25
Speaker 4: off some of your help debt. Hopefully again that changes
9:28
Speaker 4: with what the government's proposing. But like that may be
9:30
Speaker 4: a consideration that we take into overall goals in terms
9:34
Speaker 4: of kind of putting money in SUPER compared to paying
9:36
Speaker 4: it off your mortgage. That could depend a lot on
9:39
Speaker 4: where you're at with your life stage. So if you're
9:42
Speaker 4: getting closer to retirement age, closer to when you can
9:44
Speaker 4: access your SUPER, it may make a lot more sense
9:47
Speaker 4: to put money into SUPER, and then it's in a
9:49
Speaker 4: more tax effective environment. Whereas if you're planning on starting
9:53
Speaker 4: a family and need to kind of pay down your
9:55
Speaker 4: home mortgage or pay off some of your debt quicker,
9:58
Speaker 4: then it might make more sense to put it into debt.
10:00
Speaker 4: So there's not really a one size fits old.
10:02
Speaker 2: There, and it's all about like strategy as well.
10:05
Speaker 4: It all links back to your goals and where you
10:07
Speaker 4: want to be, what you want to be doing, and
10:09
Speaker 4: also your time frames. Because if you came to me
10:12
Speaker 4: and said, hey, Daisy, I want to buy a house
10:14
Speaker 4: in eighteen months, I'm going to chuck all my money
10:15
Speaker 4: in the share market for my.
10:17
Speaker 2: Deposit, terrible idea.
10:18
Speaker 4: Bye, Yeah, don't do that. The volatility that comes with
10:20
Speaker 4: that just isn't worth it. And maybe SUPER boring, but
10:23
Speaker 4: it's just keep it in cash, like you know that
10:26
Speaker 4: that's safe.
10:26
Speaker 2: Sometimes the most boring answer is the one exactly.
10:30
Speaker 1: Yeah.
10:30
Speaker 2: Yeah.
10:30
Speaker 4: I have clients that come to me and I'm like, look,
10:33
Speaker 4: keep it in cash, and I'm like, I know that
10:34
Speaker 4: it's boring.
10:35
Speaker 2: It's a very unsexy answer.
10:37
Speaker 4: It's very unsexy.
10:38
Speaker 2: But I mean, we can find a high interest savings count. Yeah,
10:41
Speaker 2: that could be fun, but yeah, don't invest it if
10:44
Speaker 2: it's a year.
10:45
Speaker 4: There's not one size fits old for that answer, but
10:47
Speaker 4: it's just working around kind of how much we can
10:49
Speaker 4: allocat in each area?
10:50
Speaker 2: Really can I ask perfect questions? Is that allowed?
10:53
Speaker 4: Absolutely?
10:54
Speaker 1: I like this.
10:54
Speaker 2: Do you still have a hex step?
10:56
Speaker 1: No?
10:56
Speaker 2: Oh, I'm very envious.
10:59
Speaker 1: I do.
10:59
Speaker 2: It's really I want to know, did you have a
11:02
Speaker 2: hex stet?
11:03
Speaker 4: I was blessed, single child odess?
11:06
Speaker 2: Okay, well, in that case, hypothetically, if you had a
11:09
Speaker 2: hex step.
11:10
Speaker 4: My husband still has a hex stet.
11:11
Speaker 2: Okay, all right, let's talk about him. Let's talk about here.
11:14
Speaker 2: Are you guys paying that off at more than what
11:18
Speaker 2: the base repayments are?
11:20
Speaker 1: Oh?
11:20
Speaker 2: So you're not adding extra contributions as the financial advisor? Interesting?
11:25
Speaker 2: All right, next question someone has asked, as a financial advisor,
11:30
Speaker 2: what is the most common mistake you see people making
11:33
Speaker 2: with their money?
11:34
Speaker 4: I suppose for me, it's not understanding their cash flow,
11:38
Speaker 4: so not understanding what's coming in, what's going out, not
11:41
Speaker 4: understanding kind of yeah, where they're surplus or where they're
11:44
Speaker 4: going to direct their money, and they sit on it.
11:47
Speaker 4: And it's that whole analysis paralysis thing where they sit
11:50
Speaker 4: on it. They know they need to do something with it,
11:52
Speaker 4: but it's like there's so many options that I don't
11:54
Speaker 4: know where to start, and it's kind of taking that
11:56
Speaker 4: first step and it may be the wrong one, but
12:00
Speaker 4: at least taking a step in one direction means that
12:02
Speaker 4: you're not just sitting there stagnating doing nothing. Yeah. But
12:05
Speaker 4: then also understanding where your money's going each pay cycle
12:09
Speaker 4: is something that like people don't really understand, so then
12:13
Speaker 4: they don't kind of seek advice or take that first step.
12:18
Speaker 2: Yeah. And I feel like that analysis paralysis is a choice.
12:22
Speaker 2: Like I'm not saying it's an easy choice, like we're
12:24
Speaker 2: just burying our head in the sand, but like not
12:26
Speaker 2: making a decision is still a decision one hundred percent, Yeah,
12:29
Speaker 2: and we need to just like move past that and
12:32
Speaker 2: especially women. We're so won't take bad but we're just
12:36
Speaker 2: so good at going oh great, I'm ready, and then
12:41
Speaker 2: you hear one word that you're like, I'm gonna have
12:44
Speaker 2: to start again. I'm going to have to do some
12:45
Speaker 2: more research, or like you've finally made a decision, maybe
12:48
Speaker 2: you want to buy a house and you've picked, and
12:50
Speaker 2: then a friend is like have you thought about and
12:51
Speaker 2: you're like, oh no, I don't know anything. And I
12:54
Speaker 2: think we don't back ourselves in our own research and
12:56
Speaker 2: making a decision that's right for us because we're so
12:59
Speaker 2: good at crowdsource. Like we've got a problem, we take
13:01
Speaker 2: it to the community. But also sometimes we just need
13:04
Speaker 2: to be a little bit insular and run our own race.
13:07
Speaker 2: And that's me really important, Daisy. This has been so
13:12
Speaker 2: good so far, but I really want to go to
13:14
Speaker 2: a quick break because I feel like I need a breather,
13:17
Speaker 2: a little cup of tea. After the break, we're going
13:20
Speaker 2: to dive into a topic that a lot of people
13:22
Speaker 2: were really curious about, and that is debt recycling. So
13:26
Speaker 2: we're going to discuss what it is, how it works,
13:29
Speaker 2: why it might actually be a strategy that could work
13:31
Speaker 2: for you. So guys, don't go anywhere, all right, Welcome back,
13:39
Speaker 2: my friends. We have Daisy from Everest Wealth talking all
13:42
Speaker 2: things finance, answering all of your questions and a lot
13:46
Speaker 2: of people in our community. Daisy, they were like, what
13:48
Speaker 2: is debt recycling? I feel like it started to trend
13:51
Speaker 2: a little bit on TikTok and they're like, hold up,
13:54
Speaker 2: what is this? How does it work? Can you break
13:57
Speaker 2: it down for us? What is debt recycling? What are
13:59
Speaker 2: your thoughts on it? Is it a good strategy? Who
14:01
Speaker 2: could this work?
14:02
Speaker 4: For? One hundred percent? Yeah, I do agree with you
14:05
Speaker 4: that it's definitely become a lot more prevalent question, mainly
14:08
Speaker 4: due to the tiktoks and stuff that I'm seeing.
14:10
Speaker 2: So I love when a client would bring like an
14:12
Speaker 2: Instagram video or something. You're like, look, I've seen this,
14:14
Speaker 2: and I'm like thinking, yes, same, but mine was at
14:17
Speaker 2: eleven PM. I'm not going to mention that.
14:19
Speaker 4: No, one hundred percent, So try and explain it as
14:21
Speaker 4: simply as possible. But it's effectively that you're taking your
14:24
Speaker 4: non deductible debt, so your home mortgage, and kind of
14:28
Speaker 4: redrawing on that and turning it into deductible debt. Which
14:31
Speaker 4: you then normally invest in the share market. Say that
14:34
Speaker 4: you have two hundred grand home mortgage and your house
14:38
Speaker 4: is worth eight hundred grand, you could effectively pull out
14:41
Speaker 4: one hundred grand of your equity yep, equity and turn
14:45
Speaker 4: that into effectively an investment loan, which then means that
14:49
Speaker 4: the interest on that one hundred grand investment loan becomes
14:52
Speaker 4: tax deductible for you claim it on tax. Yes, and
14:55
Speaker 4: then you would invest that normally in the share market,
14:58
Speaker 4: which then has Stori has done kind of seven to
15:01
Speaker 4: ten percent, and use the returns on that normally to
15:04
Speaker 4: then pay off your home loan.
15:06
Speaker 3: Quicker.
15:06
Speaker 2: That sounds relatively sexy, Yes, and at the moment all positive.
15:12
Speaker 4: Yes.
15:12
Speaker 2: So it's a strategy that you implement as a financial advisor.
15:15
Speaker 4: It's a lot more risky than just taking ten grand
15:19
Speaker 4: and putting it in an investment portfolio. So I suppose
15:22
Speaker 4: because you're leveraging or taking out debt to then go
15:26
Speaker 4: invest in the share market. Obviously, the share market comes
15:29
Speaker 4: with volatility, like we don't have a crystal ball, we
15:32
Speaker 4: don't know what it's going to do. But you're still
15:34
Speaker 4: going to have those debt repayments to pay. So I
15:36
Speaker 4: suppose it's really a strategy if people have a large
15:41
Speaker 4: surplus each year, so usually like twenty to thirty grand
15:45
Speaker 4: surplus already before the investment loan is taken out, and
15:49
Speaker 4: they understand the risk that comes with it, Like it
15:52
Speaker 4: is one of the more higher risk strategies that we
15:55
Speaker 4: implement for some clients, and a lot of people just
15:59
Speaker 4: think it's kind of free money that they can take
16:01
Speaker 4: out and invest without understanding the implications.
16:04
Speaker 2: Of having integration strategy.
16:06
Speaker 4: Yeah, yeah, it can definitely work well in a tax
16:08
Speaker 4: production strategy, but yeah, there's certainly a lot of risks
16:11
Speaker 4: that come with it that maybe a lot of those
16:14
Speaker 4: tiktoks don't really exploring.
16:15
Speaker 2: Those tiktoks drive me batty. Most finance content on TikTok
16:20
Speaker 2: drives me insane because I just look at it and go,
16:22
Speaker 2: oh my goodness, Like I know that you have just
16:25
Speaker 2: learned this and it's a very sexy thing, but you
16:27
Speaker 2: haven't taken this into consideration, or haven't talked about capital
16:30
Speaker 2: gains on that and actually brings that down and doesn't
16:33
Speaker 2: make it as an attractive opportunity as you're saying it is,
16:35
Speaker 2: or you haven't spoken about the fact that you have
16:39
Speaker 2: to pay tax on that income.
16:41
Speaker 4: Yeah. Yeah, And a lot of people they come to
16:43
Speaker 4: us and they really want to implement this strategy, but
16:46
Speaker 4: they may not have a cash surplus.
16:48
Speaker 1: Yeah.
16:49
Speaker 4: And it's like a lot of people believe were drawing
16:52
Speaker 4: equity from their house just means free money without actually
16:54
Speaker 4: understanding the implications of doing that. But yet it certainly
16:58
Speaker 4: has worked in some clients cases, and like they fully
17:01
Speaker 4: understand it and they have the surplus and they want
17:04
Speaker 4: that tax reduction. But a lot of clients, once we
17:06
Speaker 4: actually explain it and run through it with them, they're like, oh,
17:09
Speaker 4: that's too risky for me.
17:10
Speaker 2: Yeah. I found that when I was a financial advisor,
17:13
Speaker 2: I did use it for a few clients. It wasn't
17:16
Speaker 2: something that I recommended consistently, again because it was relatively
17:20
Speaker 2: high risk, Like you know, you do your client risk
17:22
Speaker 2: profile and you know you're only really even talking about
17:25
Speaker 2: this that they come back as a high risk client
17:27
Speaker 2: to begin with. But I found that younger clients with
17:31
Speaker 2: really high incomes and debt it worked really well for yeah,
17:34
Speaker 2: because you know, I'm just thinking of this one client.
17:37
Speaker 2: I used to have a couple, both lawyers, really really
17:40
Speaker 2: like career driven no kids, no plans for kids, and
17:43
Speaker 2: you were like, Okay, cool, this is going to work
17:45
Speaker 2: really well because you guys are just saving so much
17:48
Speaker 2: money anyway, and we also have another thirty years in
17:51
Speaker 2: the share market, and like our plan was to do
17:54
Speaker 2: that essentially extinguish all of that debt. I think it
17:57
Speaker 2: was like more than like fifteen years earlier because of
18:01
Speaker 2: that strategy. But it was a privilege, Like it wasn't
18:04
Speaker 2: a oh, yeah, you can do this and it's going
18:07
Speaker 2: to be better for you financially. It was like, because
18:09
Speaker 2: they had a lot of money, we could do that
18:10
Speaker 2: because if at the end of the day they were
18:13
Speaker 2: stretched for cash, I knew they were sitting on way more.
18:16
Speaker 4: Yeah, and one hundred percent like the clients that I
18:17
Speaker 4: can think of that have implemented a very similar situation
18:20
Speaker 4: where they're both high income earners, no plans for children
18:24
Speaker 4: or career breaks. So yeah, it definitely has made sense
18:27
Speaker 4: in those scenarios.
18:28
Speaker 2: I think we're on the same page about who we
18:29
Speaker 2: would recommend that for. Yeah, or right, let's flip the narrative.
18:34
Speaker 2: We're no longer talking about houses, We're going to talk
18:36
Speaker 2: about cars. Car leasing is one of those things that
18:38
Speaker 2: sounds good in theory. You get a new car, no
18:42
Speaker 2: upfront payment. Very nice. Maybe I'll get myself a NACA.
18:47
Speaker 2: But is it actually a good financial move? What are
18:49
Speaker 2: the pros and cons? And who does this make sense for?
18:54
Speaker 4: Yeah, definitely, so car leasing is one that pops up
18:57
Speaker 4: a lot. I suppose the first discussion, is you even
19:00
Speaker 4: need a new car?
19:01
Speaker 2: Is we don't humble us.
19:03
Speaker 4: That's all we have with people because you buy a car,
19:06
Speaker 4: and yeah, it's kind of a spent expense, but you
19:09
Speaker 4: do need a car to get around.
19:10
Speaker 2: So I agree. I'm going to sidetrack this for a
19:12
Speaker 2: hot second. Do you buy brand new cars as a
19:15
Speaker 2: financial advisor?
19:16
Speaker 1: No?
19:17
Speaker 4: No, I know, Like why I don't know. It's that
19:21
Speaker 4: whole thing of as soon as you drive out of
19:23
Speaker 4: the dealership you lose, Like we just can't do it.
19:25
Speaker 2: Yeah, I bought my car secondhand too, don't worry, Like,
19:28
Speaker 2: I'm not saying that I bought a cheap car. Like,
19:30
Speaker 2: don't get me wrong. I want to be really clear
19:32
Speaker 2: that I'm not pretending that's a super budget decision, but
19:37
Speaker 2: I'm definitely not spending the extra money like someone else.
19:40
Speaker 2: You drive it, you make the loss. I make the game.
19:44
Speaker 2: Talk to me about why people think that leasing a
19:46
Speaker 2: car is a good idea if they've decided that a
19:49
Speaker 2: new car is in line with their goals and their values.
19:52
Speaker 4: So people see, as you said, they don't have to
19:55
Speaker 4: fork out that big lump some payment to start with,
19:57
Speaker 4: and they can just kind of have some money come
20:00
Speaker 4: out of their salary each fortnite without understanding kind of
20:04
Speaker 4: the balloon payment at the end.
20:06
Speaker 2: Of the balloon payment.
20:08
Speaker 4: So yeah, a lot of people don't understand that. Yeah,
20:10
Speaker 4: you're paying money each fortnite or each pay cycle pre
20:13
Speaker 4: tax and post tax, but every lease has a balloon
20:16
Speaker 4: payment at the end of it, depending on how long
20:18
Speaker 4: the lease is for, depending on how big the balloon
20:20
Speaker 4: payment is, but it's usually a fair summer money.
20:22
Speaker 2: It's usually like thirty or forty percent yeah, one hundred
20:25
Speaker 2: car's value.
20:26
Speaker 4: Yeah, so then it's planning for that. So then you're
20:30
Speaker 4: receiving lesson your pay each fortnite, but then having to
20:33
Speaker 4: save money for this balloon payment at the end of
20:35
Speaker 4: the lease unless you roll it into a new lease.
20:38
Speaker 4: So balloon payment is number one that we highlight. Two
20:41
Speaker 4: clients that are looking at a lease, usually the in
20:44
Speaker 4: bill interest rate is a lot higher than other loans
20:47
Speaker 4: that you could get for a car, and there's usually
20:50
Speaker 4: an admin fee that the leasing companies charge as well.
20:53
Speaker 2: So sneaking, aren't they know? They know what they're doing.
20:56
Speaker 4: Yeah, so they will present to you how much the
20:59
Speaker 4: tax saving is and all of that, And again that
21:01
Speaker 4: looks really sexy, but if you actually drill down into it,
21:06
Speaker 4: you kind of look at comparing it to a personal loan,
21:09
Speaker 4: redrawing on your home mortgage if you can, or using
21:12
Speaker 4: cash for it, it usually ends up kind of better
21:16
Speaker 4: off doing one of the other options over leasing. I
21:19
Speaker 4: suppose there is a caveat to that though, for electric
21:23
Speaker 4: vehicles or plug in electric vehicles, so I'm not talking
21:26
Speaker 4: about hybrids or anything.
21:27
Speaker 2: This wasn't around when I was doing advice.
21:30
Speaker 4: Tell me for evs or plug in evs with leasing,
21:34
Speaker 4: it just means that you can take one hundred percent
21:36
Speaker 4: of the lease payment pre tax. Sorry what yeah, posts
21:41
Speaker 4: comes out except I don't like Elon, I don't want
21:45
Speaker 4: to buy a Sesler, That's true, there's plenty of other ones.
21:49
Speaker 2: I don't know enough about cars to have a proper
21:51
Speaker 2: opinion here.
21:52
Speaker 4: So yeah, that for high income earners definitely has shown
21:57
Speaker 4: a better result. But I suppose, yeah, you need to
21:59
Speaker 4: want an or a plug in EV and understand the
22:02
Speaker 4: costs that come with that. But in those cases when
22:05
Speaker 4: we've done the numbers, it has actually worked out better
22:07
Speaker 4: off taking a lease. But yeah, they're kind of far
22:10
Speaker 4: and few between.
22:11
Speaker 2: That is good to know, and I feel like so
22:12
Speaker 2: many people are like, oh, I'll just lease it, as
22:14
Speaker 2: though that's a flippant decision, but long term could actually
22:17
Speaker 2: cost you so so much more. I want to flip
22:21
Speaker 2: the script again. So with cars, we've done homes, now
22:24
Speaker 2: we're going to do education. Education bonds aren't talked about
22:28
Speaker 2: as much as other investment options, but a few of
22:31
Speaker 2: our members have been relatively curious recently. I think potentially
22:35
Speaker 2: because I have been talking a lot about investment bonds
22:38
Speaker 2: because that's something that I invest in and something that
22:41
Speaker 2: I have been using. But a few of our community
22:44
Speaker 2: members want to know what are they, how do they work?
22:47
Speaker 2: Are they actually a good strategy for saving for kids education?
22:50
Speaker 4: Yeah? Absolutely, And I feel like I'm getting a lot
22:52
Speaker 4: more education bond questions. So again that might be coming
22:55
Speaker 4: from tea top.
22:56
Speaker 2: We're all in the same era right now. We're thinking
22:59
Speaker 2: about having kids, or we've just got kids, or like
23:01
Speaker 2: we're all growing together.
23:03
Speaker 4: Yeah, one hundred percent. So an education bond is effectively
23:06
Speaker 4: a tax structure similar to an investment bond, where the
23:09
Speaker 4: tax is paid within the bond, but then there's an
23:12
Speaker 4: additional education bond tax saving on top of this. With
23:16
Speaker 4: an education bond, they operate quite similar to an investment
23:19
Speaker 4: bond like you that put in a lump sum or
23:21
Speaker 4: put in a regular amount each year, but the purpose
23:24
Speaker 4: of it is for the beneficiary's education. So whether that's
23:28
Speaker 4: schooling tertiary, there's no requirement for it to be one
23:32
Speaker 4: over the other. I suppose a lot of people do it.
23:35
Speaker 4: If both parents, say are high income earners, grandparents want
23:39
Speaker 4: to set up for their grandchildren, they will do it
23:42
Speaker 4: because it is taxed internally. So if I set up
23:45
Speaker 4: an education bond for one of my children, like nothing
23:48
Speaker 4: would be taxable in my own name. It's all taxed
23:50
Speaker 4: within the bond, which is sexy. Yeah. So a lot
23:53
Speaker 4: of people ask, well, what if my child doesn't go
23:56
Speaker 4: and do tertiary education, what if I end up sending
23:58
Speaker 4: them to my local public school instead? Can I take
24:02
Speaker 4: the money out? The answer is yep, absolutely. The amount
24:06
Speaker 4: that you're putting in each year, or if you put
24:08
Speaker 4: in a lump sum, you can take that out tax free.
24:11
Speaker 4: It just depends on how long you've had it in there.
24:13
Speaker 4: For the earnings that has accumulated in that account as
24:16
Speaker 4: the wather, you can then pull that out tax free. Yeah,
24:19
Speaker 4: it can be a very tax beneficial way of saving
24:22
Speaker 4: for your children's education. We mainly implement them for high
24:26
Speaker 4: income earners, where if there's two parents, one maybe on
24:30
Speaker 4: a lower income, not planning on kind of returning to
24:32
Speaker 4: work full time until the kids to finish school, it
24:35
Speaker 4: may make more sense to set up an investment account
24:37
Speaker 4: in their name for the kids' education, for example. So yeah,
24:42
Speaker 4: again they come with additional admin fees and stuff like that,
24:45
Speaker 4: but yeah, they can be very beneficial in some cases.
24:48
Speaker 2: If you had kids, Daisy, what would your plan be
24:50
Speaker 2: when it comes to investing for them?
24:53
Speaker 4: I would probably set up in an education bond, just
24:55
Speaker 4: purely due to my situation. But yeah, I suppose if
24:58
Speaker 4: I wasn't planning on working kind of full time when
25:02
Speaker 4: I had kids in school, then I'd probably look at
25:04
Speaker 4: s someting something up in my own name.
25:06
Speaker 2: Not see that happening, I know, you well enough to
25:08
Speaker 2: know she's gonna be a working mum guy.
25:10
Speaker 4: Yeah, definitely, But like there are so many other options
25:14
Speaker 4: as well, so like.
25:15
Speaker 2: Oh, there's six million, and I feel like I'm thinking
25:17
Speaker 2: about it now I have a baby, and I'm like, well,
25:20
Speaker 2: what do I do? And we ended up going down
25:22
Speaker 2: the investment bond route because it just worked best for us,
25:25
Speaker 2: and I like the flexibility afforded with it, and like,
25:28
Speaker 2: I just didn't want him to in the future feel
25:31
Speaker 2: like he was being pressured down the education pathway. And
25:35
Speaker 2: don't get me wrong, like love education, but I don't
25:38
Speaker 2: know who he is yet or like what he's going
25:40
Speaker 2: to be interested in or who he wants to become.
25:42
Speaker 2: And I just was like, oh, I like the idea
25:45
Speaker 2: that that could benefit him in a number of different ways.
25:48
Speaker 2: But do you have clients picking between an education bond
25:52
Speaker 2: or an investment bond? Is that a conversation you have often?
25:55
Speaker 4: Yeah, definitely, And I suppose a lot of people probably
25:58
Speaker 4: feel similar to you, where they don't necessarily want to
26:00
Speaker 4: put it into an education bond if they don't know, like, yeah,
26:03
Speaker 4: what their child's going to be like longer.
26:05
Speaker 2: There's extra benefits for sure.
26:06
Speaker 4: Yeah, there's definitely actually benefits. And I suppose like some
26:09
Speaker 4: people do come to us and they're like, Nope, I
26:11
Speaker 4: want to send my child to the school that I
26:13
Speaker 4: went to. I know it's going to cost me thirty
26:15
Speaker 4: grand a year, and I want to say for that,
26:18
Speaker 4: and that's like a no brainer in that situation if
26:20
Speaker 4: both parents are high income earners, whereas some people are like, oh,
26:24
Speaker 4: I may move house into a better catchments than they
26:27
Speaker 4: may go to a public high school. I don't know
26:30
Speaker 4: really if they're going to do any tertiary education.
26:32
Speaker 2: I just don't know.
26:33
Speaker 4: Yeah, so if the unknowns are there, then yeah, probably
26:37
Speaker 4: an investment bond would be more beneficial if you're pretty
26:41
Speaker 4: set on what your child's education is going to look
26:44
Speaker 4: like than an education bond.
26:45
Speaker 2: Maybe. Yes, smart, good chat. I feel like that one
26:48
Speaker 2: is a good topic. Let's talk about singles. Do you
26:52
Speaker 2: have any advice for our listeners who are currently going
26:56
Speaker 2: you know what, money is really hard at the moment
26:57
Speaker 2: I am single. What would you say?
27:00
Speaker 4: What do you do?
27:01
Speaker 2: I know you give advice to single women all the
27:03
Speaker 2: time because I keep sending them to you.
27:05
Speaker 4: Yeah, so I suppose a lot of people are worried
27:08
Speaker 4: about seeking advice as a single person because they feel
27:11
Speaker 4: like maybe they don't have the cash flow there or
27:14
Speaker 4: something like, they feel like as though they need dual
27:16
Speaker 4: income to be able to kind of do anything with
27:18
Speaker 4: their finances, which is just absolutely not correct. So, as
27:22
Speaker 4: you mentioned, we see a lot of single females mainly
27:26
Speaker 4: who just want to kind of take a step in
27:29
Speaker 4: the right direction. So like, coming and seeking advice shouldn't
27:33
Speaker 4: be scary.
27:34
Speaker 2: You actually are quite scary. So I don't know, Well,
27:37
Speaker 2: a lot of people do say that, I don't do
27:40
Speaker 2: they Actually I don't find Daisy scary. I find Daisy
27:44
Speaker 2: lovely and you should definitely talk to her.
27:46
Speaker 4: No, maybe you can ask my husband that, but I
27:48
Speaker 4: don't ask my.
27:48
Speaker 2: Husband about opinions if that's who we're going to.
27:51
Speaker 4: But no, seeking advice as a single person shouldn't be scary.
27:55
Speaker 4: We do it all the time, and just making a
27:57
Speaker 4: few small tweaks can mean that, yeah, like you can
28:00
Speaker 4: reach a few of these goals. I mean, so many
28:02
Speaker 4: single females that I see they're worried about, like investing
28:06
Speaker 4: in the share market, having stability, having like a bit
28:08
Speaker 4: of a nest egg there as an emergency fund. So
28:11
Speaker 4: we work through all of that, and like we understand
28:13
Speaker 4: there's a single income, We understand all of that. But
28:16
Speaker 4: even like little things like putting in place some insurance,
28:19
Speaker 4: looking at their super, making sure they have a will,
28:22
Speaker 4: all of that is all part of what we do
28:25
Speaker 4: as financial advisors and assist with. So like, at least
28:28
Speaker 4: then you're ticking off a few things.
28:30
Speaker 2: That make me miss my job. I am very envious.
28:34
Speaker 2: I'm not gonna lie. I do like this a lot.
28:35
Speaker 2: But you know when someone's like, oh yeah, also I
28:38
Speaker 2: do this, I'm like, ah, what did I do when
28:40
Speaker 2: I get out of that? All right, let's talk about
28:43
Speaker 2: like obviously, being single, there's a lot of pressure, but
28:46
Speaker 2: there's also a lot of pressure as you feel as
28:49
Speaker 2: though you're getting older and you might have missed the
28:51
Speaker 2: boat or you like haven't done enough. And actually a
28:54
Speaker 2: lot of our community members wrote in and said that
28:56
Speaker 2: they were feeling like it's a little bit too late
28:58
Speaker 2: for us, like I don't know if it's even worth
29:01
Speaker 2: trying to start to build wealth, or like is it
29:03
Speaker 2: only worth just investing in my super because like I'm,
29:06
Speaker 2: you know, getting really old and I think I've missed
29:09
Speaker 2: the boat. What's your advice there.
29:12
Speaker 4: You're absolutely never too old to start and put in
29:14
Speaker 4: place some good money structures. Yeah, And it may be
29:17
Speaker 4: let's struck it all into super because you are getting
29:19
Speaker 4: closer to retirement age, but at least you know that's
29:22
Speaker 4: the right the right decision, yeah, or it might be yeah,
29:25
Speaker 4: just having a discussion around all right, let's smash down
29:27
Speaker 4: the mortgage so that, Yeah, you can retire early if
29:30
Speaker 4: you want to. But you're absolutely never too old to
29:33
Speaker 4: get advice. You're never too young to get advice either.
29:36
Speaker 4: That's what I see quite a bit is, yeah, they
29:38
Speaker 4: feel like we should have done this ten years ago.
29:39
Speaker 4: I'm like, yeah, but you're doing it now. So that's
29:41
Speaker 4: great because in five years time you would have gone, oh,
29:43
Speaker 4: I should have done it fifteen years ago, whereas it's like,
29:47
Speaker 4: don't worry about that. We're doing it now and we
29:50
Speaker 4: can still make some really good changes and mean that
29:52
Speaker 4: kind of long term you are going to be better off.
29:54
Speaker 2: Yeah, And like, don't get me wrong, you're not going
29:56
Speaker 2: to see the same compounding impact in the over forty
30:00
Speaker 2: years has totally but you're still going to see some
30:04
Speaker 2: of that. Like, yes, it's not going to be as
30:07
Speaker 2: dramatic as the Instagram pictures or you know the examples
30:12
Speaker 2: that I sometimes use on this podcast. But like, even
30:14
Speaker 2: if you've got three or four years before retirement, you
30:17
Speaker 2: are literally going to be tens of thousands of dollars
30:20
Speaker 2: better off because you're making changes now, and I can
30:24
Speaker 2: promise you few to you, even if it's a five
30:26
Speaker 2: thousand dollar difference, a ten thousand dollar difference, like just
30:29
Speaker 2: because it's not hundreds of thousands of dollars, I promise
30:31
Speaker 2: you're going to be so much more comfortable just having that,
30:34
Speaker 2: even if it's like structuring your emergency fund for what
30:38
Speaker 2: that looks like, and making sure that we can get
30:40
Speaker 2: a pension, and making sure that we can do all
30:42
Speaker 2: of the things that give you a comfortable life. Like
30:45
Speaker 2: I promise you it's not too late, because the worst
30:49
Speaker 2: thing is getting to the very end of your career
30:51
Speaker 2: and going I would like to retire tomorrow and being told, oh, actually,
30:56
Speaker 2: like if you'd come five years ago, we could have
30:58
Speaker 2: structured you so that you're retired today, going to take
31:00
Speaker 2: another five years, Like let's just get it together, yeah,
31:03
Speaker 2: because no one regrets having a few more dollars in
31:06
Speaker 2: their account.
31:06
Speaker 4: Yeah, And it's getting people that peace of mind and
31:09
Speaker 4: knowing what the future looks like as well, because yeah,
31:12
Speaker 4: as you said, if you're three four years off retirement,
31:15
Speaker 4: you want to know that that is achievable. You don't
31:17
Speaker 4: want to be like that person who comes and says
31:19
Speaker 4: I want to retire tomorrow and then it's like, no,
31:20
Speaker 4: it's going to be a few more years.
31:22
Speaker 2: Yeah, exactly.
31:23
Speaker 4: So, yeah, you're definitely never too old to seek advice.
31:26
Speaker 4: And yes, I said, you're never too young either.
31:28
Speaker 2: I feel like I've learned a lot about that obviously
31:30
Speaker 2: when I was an advisor, but now even in the
31:32
Speaker 2: She's on the Money community, people ride in and they're like,
31:35
Speaker 2: oh my gosh, Victoria, I'm in my seventies and I'm like,
31:37
Speaker 2: slay queen. Yeah, like that's so cool. All right, We're
31:41
Speaker 2: running out of time very quickly. But finally we had
31:44
Speaker 2: a few people ask Daisy, your job sounds really cool.
31:48
Speaker 2: How do I also become a financial advisor? And do
31:51
Speaker 2: you have any advice for anyone who's like, oh, maybe
31:54
Speaker 2: that's a career pathway for me.
31:57
Speaker 4: Yeah. So I suppose a little bit of history of
31:59
Speaker 4: why I got into financial advice was that I wanted
32:01
Speaker 4: to help people, So I really wanted to help care
32:05
Speaker 4: for people, but I didn't want to go into the
32:06
Speaker 4: medical field.
32:07
Speaker 2: So I was like, I thought I wanted to be
32:08
Speaker 2: a doctor, and I realized you actually have to do
32:10
Speaker 2: like blood and guts and stuff. Yeah.
32:12
Speaker 4: Yeah, so very similar to me where I was like,
32:14
Speaker 4: I want to help people. I want to make sure
32:16
Speaker 4: that yeah, I'm doing something good for people, but I
32:18
Speaker 4: didn't want to go into the medical field. So I
32:20
Speaker 4: was like, I can help people set themselves up, feel
32:23
Speaker 4: good about their goals, know they're going to reach them.
32:26
Speaker 4: I suppose becoming a financial advisor, there's definitely some education
32:30
Speaker 4: requirements now, which is awesome. So yeah, there's relevant degrees
32:34
Speaker 4: that you need to do, as well as potentially some
32:36
Speaker 4: post study as well as a financial advisor exam and
32:40
Speaker 4: a professional year. Sounds very overwhelming and daunting when we
32:45
Speaker 4: say it like that, but I suppose find a financial
32:48
Speaker 4: advice practice that has a really good grad program. Yeah, so,
32:51
Speaker 4: like we have three graduates at the moment that we're
32:55
Speaker 4: working through very structured graduate program, so they feel as
32:58
Speaker 4: though they're growing in their role or they feel as
33:00
Speaker 4: though they're learning all the different aspects. Cool.
33:02
Speaker 2: I remember when it was just the boys, and now
33:04
Speaker 2: you've got three graduates. What are you talking about?
33:07
Speaker 4: Yeah, So, like when they came and interviewed with us,
33:11
Speaker 4: we laid out that graduate structure and we were like, look,
33:13
Speaker 4: this is where you're going to be if you stay
33:15
Speaker 4: with us, if you want to move as quickly or
33:17
Speaker 4: as slowly as you want to finding a good financial
33:20
Speaker 4: planning practice that has some structure in place to make
33:23
Speaker 4: sure that you are growing and are hitting those milestones.
33:26
Speaker 4: Because I interview so many people that have been in
33:30
Speaker 4: financial advice for a few years and they're like, I
33:32
Speaker 4: just feel like I'm stagnating in my role. I feel
33:34
Speaker 4: as though I'm not going to be able to start
33:36
Speaker 4: my professional year, or I feel as though even if
33:39
Speaker 4: I started that it's going to take me a few
33:41
Speaker 4: years and I'm not going to have the support there.
33:43
Speaker 4: Whereas like, we're very big on support and making sure
33:47
Speaker 4: that kind of you are hitting those milestones. I mean,
33:49
Speaker 4: I finished my professional year with Everest Wealth when I
33:51
Speaker 4: moved over, and yeah, having a good supportive employer is
33:56
Speaker 4: really important. But yet being financial advisors all it's very rewarding.
34:01
Speaker 4: Makes me feel nice when I come home at nights
34:04
Speaker 4: and helping people in a similar kind of age bracket
34:07
Speaker 4: to me is also really nice. I feel as though I.
34:09
Speaker 2: Feel like you've lucked out at Everest, And I'm not
34:11
Speaker 2: saying it's a bad thing, but like that's why I
34:15
Speaker 2: got She's on the money right, Like I was working
34:17
Speaker 2: with beautiful clients. They were so nice, but they were
34:20
Speaker 2: high income earners who were not in my demographic. I
34:23
Speaker 2: didn't have a lot in common with them. They were
34:25
Speaker 2: my parents' age, and that's fantastic, but I just didn't
34:28
Speaker 2: resonate with them, and I wanted to work with women.
34:31
Speaker 2: I wanted to work with young but you've like literally
34:33
Speaker 2: got my dream financial advice job.
34:35
Speaker 4: They're going through similar life stages to me, Like, yeah,
34:38
Speaker 4: they're maybe getting married, wanting to start a family, wanting.
34:41
Speaker 2: To tips and tricks too, yeah.
34:42
Speaker 4: Like wanting to purchase their first home. Like it's all
34:46
Speaker 4: really awesome goals that we're trying to reach and watching
34:49
Speaker 4: people tick those off is really nice. Like we've had
34:52
Speaker 4: clients recently that have come back and they're like cool,
34:55
Speaker 4: So when we first saw you, we wanted to get
34:57
Speaker 4: married and buy our first house and have a baby.
34:59
Speaker 4: We've ticked all those things off, So cool again, and
35:03
Speaker 4: I'm like, oh, that's so nice.
35:04
Speaker 2: Like I like being part of like the Pervy journey
35:06
Speaker 2: as well, just knowing how they're tracking what they're doing,
35:09
Speaker 2: Like I'm a planner at heart. Yeah, like you give
35:12
Speaker 2: me a plan, you give me a list. I'm in
35:14
Speaker 2: and that you get to do that as a career
35:16
Speaker 2: is really cool. Yeah, it's very rewarding, Daisy. I have
35:20
Speaker 2: adored this chat as always. Thank you so much for
35:23
Speaker 2: agreeing to come back on the show. I feel like
35:25
Speaker 2: I might have scared you off the first time, but
35:27
Speaker 2: apparently I didn't, which is great because it means that
35:29
Speaker 2: I can ask you again and again. I feel like
35:32
Speaker 2: you've shared so much wisdom and I know our community
35:34
Speaker 2: is going to be like, we love this, Get Daisy
35:36
Speaker 2: on again. I feel like I could keep sorry. I
35:40
Speaker 2: feel like I could keep asking questions literally all day,
35:42
Speaker 2: and I kept having to keep myself on track. But
35:45
Speaker 2: if people are like, oh I like the sound of
35:48
Speaker 2: Daisy or I like the sound of everest Wealth and
35:50
Speaker 2: want to learn more, where can we find you.
35:52
Speaker 4: On our website? We have a booking link where Yeah,
35:54
Speaker 4: you can have any request Daisy. Yes, So the introductory
35:58
Speaker 4: call will be done by one of the teams, so
36:00
Speaker 4: it won't be done by me necessarily, but if you
36:02
Speaker 4: absolutely do want to work with me, you can. We
36:05
Speaker 4: have kind of seven awesome advisors as well in the
36:07
Speaker 4: seven Now, yes.
36:09
Speaker 2: It is growing, Yes, I know that already. I'm just
36:11
Speaker 2: so impressed.
36:13
Speaker 4: So, yeah, we have seven awesome advisors. I'm one of them.
36:16
Speaker 4: So you can book in through our website for an
36:18
Speaker 4: introductory call with the team. We'll kind of take you
36:21
Speaker 4: through a little bit more around our process, gather a
36:23
Speaker 4: bit of information about you, and then book you in
36:25
Speaker 4: for an initial meeting.
36:28
Speaker 2: I love it. I love the rest of the team too.
36:30
Speaker 2: Like Dais is cool, she's willing to go on the pod,
36:32
Speaker 2: but the rest of the team equally is cool. And
36:34
Speaker 2: for those of you who have been loving our Q
36:36
Speaker 2: and A style episodes, don't worry. I have a lot
36:39
Speaker 2: more come in your way. We'll be diving into investing
36:42
Speaker 2: and property in some upcoming episodes. And if you've got
36:45
Speaker 2: questions that you really really want answered, I want you
36:48
Speaker 2: to go and follow us on Instagram because that's where
36:50
Speaker 2: we do our listener call out and pop up question
36:53
Speaker 2: boxes and like get all of the information. The link
36:56
Speaker 2: to that is in our show notes, so make sure
36:58
Speaker 2: you're following us. The linked Everest Wealth is in our
37:01
Speaker 2: show notes. You can follow Daisy. But Daisy, thank you
37:04
Speaker 2: so much for hanging out. I have adored this and
37:06
Speaker 2: I know that the community are going to love it
37:08
Speaker 2: as much as I have.
37:09
Speaker 4: Thank you so much for having me on again.
37:11
Speaker 2: Have a good day, guys.
37:18
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Speaker 5: not be relied upon to make an investment or financial decision.
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