Latest / The Curve / RTC132: Turning your wardrobe into an investment.

Transcript

RTC132: Turning your wardrobe into an investment. · The Curve

• 0:00
  Before we dive into today's episode, Vinc, we have got a quick little message from our friends over at really market place
• 0:06
  Which is a place where your wardrobe can be stylish and sustainable
• 0:12
  Which is something I just feel should be
• 0:16
  Should kind of just they should go hand in hand, but they just don't always do that. No, they don't
• 0:20
  It's crazy to think that the world produces 92 million tons of textile waste per year
• 0:28
  It's the size of say Eden Park or Wembley Stadium every single day. Oh my god
• 0:33
  Like the fact that the world I mean it doesn't have enough space for the much waste
• 0:37
  But it's like every day if that's how much is being produced we're on earth as it going
• 0:41
  And this is why Remi Marketplace is so good because they're flipping the script on fast fashion by making secund hand shopping
• 0:47
  Super chic and totally guilt free, which we love so my
• 0:51
  Passion life one not my only but one is finding a vintage gem
• 0:56
  You know when you're in a shop and like oh like no one's gonna have this no one's gonna have it like the other day
• 1:00
  I found this really cool. You know my pleated skirt the tartany one. Yeah, but it was obviously second-hand
• 1:07
  It's like six pounds. It's now my favorite new skirt and your green coat. Yeah my green coat
• 1:12
  Actually all my favorite pieces in my wardrobe are second-hand love that you know the yellow coat that I bought
• 1:18
  Yes, that was vintage. It's so about those sunglasses these these are yours, which I have to get that
• 1:24
  Oh my god, they're second-hand technically
• 1:27
  But you can head over to Remi Marketplace. You can find your next favorite outfit let's all do
• 1:32
  What we can to try and reduce the amount of waste in the world you can still look cool have a great outfit
• 1:38
  But not feel guilty about it. So if you want to find out more you can find the link to go and check it out in the link in our show notes
• 1:45
  Welcome to Raising the Curve a podcast designed to teach you everything that you need to know to be better with your money
• 1:50
  Come and learn alongside me Sophie Hallwright a total beginner from the finance expert Victoria Harris
• 1:56
  So I've asked all of the questions you wish you could so that finance and besting and growing you are actually makes sense
• 2:02
  Yes, it's expert education, but with promise will not be boring and in the wise words of sheer my mom said to me
• 2:08
  You know sweetheart one day you should settle down and marry a rich man
• 2:12
  My mom I am a rich man come and talk and learn and laugh with us because together. We really can raise the curve
• 2:21
  I know that this is very
• 2:23
  Resumest and of me. Do you remember resumest?
• 2:27
  So when I used to work and
• 2:30
  I love when you do that face you know when I used to work in radio you would meet actual celebrities
• 2:36
  And then you would meet one of these celebrities and I will never forget the day that Reese master
• 2:41
  He won like Australian Idol or something turned up for an interview
• 2:46
  Thinking he was God's gift to the world wearing sunglasses inside
• 2:49
  He had like aviators on during the interview
• 2:53
  You feel like him and I feel like him right now and wearing sunglasses while recording this podcast
• 2:58
  That must be the cringes thing. It was so embarrassing. I mean, it's like stop trying to be someone
• 3:03
  More famous than you are because you're not
• 3:07
  I'm actually who the hell is even resumest. He does like real punk rock to hear a more lovely
• 3:14
  Anyway, the point of today's episode is to talk about our wardrobes as investments
• 3:18
  Hmm, and I just happen to find Victoria's
• 3:21
  Very stunning sunglasses next to me. So I've just put them on for getting into character. Yeah, do you feel good?
• 3:28
  I do I feel expensive. I feel
• 3:32
  Shake I feel hot. I feel all the things. I do I felt like that when I put something
• 3:37
  I got so you look like that. I think I think I think that this is something that we haven't talked about a lot in terms of fashion
• 3:45
  clothes, investing and things we get asked all the time where stuff we wear is from and it's sometimes
• 3:52
  I don't know how to respond because a lot of the things that I buy actually are secondhand. Yeah, and
• 3:57
  Some what we've said. No, I just even just like the topic of this podcast is making me feel a bit funny really
• 4:03
  It's just like why do we feel guilty or uncomfortable?
• 4:08
  Spending money or talking about how much things cost or you know, like I'm instantly like
• 4:16
  It's it's this wait, but I but I have to wear clothing. I can't walk around naked
• 4:21
  But it also comes down to I think you're and this is something that I mean
• 4:25
  I'm still kind of trying to figure out but in terms of when you feel good spending money when you feel bad spending money
• 4:31
  Some people will spend money on clothes, bags, sunglasses and feel really great about it
• 4:37
  Yeah, some people will feel horrendous and embarrassed and not want to talk about it
• 4:42
  And the fact that you're even feeling a bit cringey is probably a big sign. You need to look at I know
• 4:48
  Sorry to be all welcome to my office. It's almost like you know
• 4:52
  It's like you know you're about to be told off or something. No, because if that's how you want to spend your money
• 4:57
  I'm like go for it. Yeah, if you feel a little bit guilty. It's not a great feeling. No, I think it's when you know you can do better
• 5:03
  That's the kind of energy I'm feeling right now
• 5:07
  Okay, what is making you feel like that when you spend money on clothes?
• 5:11
  I just literally this is quite timely this episode because in the last couple of weeks, I've been like
• 5:17
  You have so many clothes you don't wear
• 5:19
  That they've almost become new again because you haven't worn them for so long like that dress
• 5:24
  And so I was like oh love it
• 5:27
  Where's that from and I was like the back of the wardrobe literally, but I just haven't
• 5:31
  It's a bit to iron
• 5:32
  So I just haven't really got around to ironing it and wearing it
• 5:34
  But yeah, I did feel like I had a new dress on and that's the feeling I want whether it's a new piece of clothing or not
• 5:41
  You know what I mean? So yeah, no, and I think that you get that feeling whether something's
• 5:45
  Brand new whether it was five dollars five hundred dollars that you the feeling of having something new is really exciting
• 5:51
  I'm different like someone might
• 5:53
  Save up and spend a lot of money on a designer handbag and that's amazing for them
• 5:58
  Or get a bonus from work and splash out on a new coat or something like that because it's like a sense of achievement
• 6:03
  And you do you you know that that's great other people might
• 6:07
  Want to put that money aside for something else another goal of a financial goal that they're saving for
• 6:12
  Which is which is great as well. It's like who are you to judge as long as we are
• 6:17
  Making sure we are still spending within our means
• 6:21
  Saving for our 20-year holiday all of that and stop judging people really
• 6:27
  Yeah, you even know what other people are spending money on or
• 6:30
  What expenses they've got what they're in commas
• 6:32
  so you are
• 6:34
  Saving towards your short-term long-term goals you are on track to be retiring with you know the decent amount
• 6:41
  Why do you feel guilty when talking about this or buying clothes because I could be doing better
• 6:47
  But that's just me and you know but see that's quite interesting in itself isn't it because I think the problem is is that
• 6:53
  If we're always feeling like that then are you even enjoying what you're spending money on like are you actually because
• 7:00
  I don't know I think sometimes we can be our own worst enemy if it comes to like constantly feeling like you're not doing good enough
• 7:06
  Like you're so good with your money
• 7:08
  If of every single person I know if you want to go and spend money on new sunglasses a bag shows
• 7:14
  I would never be like that was a responsible. So why do you feel like that? I don't know
• 7:18
  It's so funny though when you're like is that a new dress? I'm like no, no, I know I was wonder why
• 7:23
  It's so funny. I think it's my mum used to do it. She'd be like oh new bag. I'm like no
• 7:27
  I just borrowed it from a friend like it's like this weird
• 7:31
  Reaction to like I don't know it's crazy because I've got bills to pay so it's like why should I be spending money on clothes?
• 7:38
  You always celebrate me if I bought something new because you don't buy stuff. So when you do it's like
• 7:44
  Yeah, welcome to my world
• 7:46
  I don't know I guess like when I spend money on clothes or shoes or things like that
• 7:51
  I don't know
• 7:53
  Where it comes from but I feel that's the main place where like a feeling of lack comes up for me
• 7:59
  When spending money on organic food and plan of organic or whatever I can do that no problem
• 8:05
  Most people feel really guilty about spending 12 pounds on an arm and butter
• 8:09
  But I'm fine with it when it comes to going and spending
• 8:12
  300 pounds or even 150 pounds on clothing. Yeah, it really gets me feeling uncomfortable and guilty
• 8:20
  And I I think that's why I think if it's in your budget then it shouldn't
• 8:25
  I don't know I think it might be a female thing just feeling guilty about
• 8:28
  spending
• 8:30
  money on nice things
• 8:31
  Which we're spoken about before like in terms of why is it that we can't openly say we want nice things or we want to drive nice cars
• 8:38
  We want to go on nice holidays. I mean like you're buying it for yourself. You're not being like
• 8:43
  Pay for my thing, you know what I mean though
• 8:45
  It's like there's no element of like asking other people to pay for things. No
• 8:49
  It's your own hard-earned money. I feel guilty spending money on anything really like even
• 8:53
  Even going to the groceries. I'm like oh
• 8:56
  But I have to eat. Did you always feel like that or has it been on a lower salary that you feel like that?
• 9:00
  I think it's because I have a lot more financial obligations now
• 9:03
  Whereas back when I was younger didn't matter if I splurged on fashion
• 9:09
  Because I didn't have a mortgage or I didn't have a pet or I didn't have you know
• 9:13
  Like there wasn't other commitments whereas now it's like oh god
• 9:16
  Do you remember how old you were when you first had to start buying your own clothes?
• 9:20
  How did it work in your house when you were younger? Yeah, I mean the bigging
• 9:23
  Because I had an older sister and she
• 9:26
  Had an allowance that when we think it was when we turned 16 we got a monthly allowance to we could now go by
• 9:32
  Clothes that we wanted without getting permission from mum and dad which was like amazing at the time
• 9:38
  And I remember begging my parents when I was three years younger than her at the same time to get an allowance
• 9:44
  So that I could have the freedom to spend what I money on what I want to do. How old would you have been like 13?
• 9:49
  No, sorry. No, this was she was she was 13 so I would have been like 11
• 9:53
  Yeah, imagine a little a little live in your old Vic
• 9:56
  Yeah, and then I did the paper round so that I could have my own money
• 9:59
  Like I was like very like I don't want mum and dad to be telling me where I can and can't spend money
• 10:04
  so
• 10:05
  I want to have my own allowance
• 10:07
  It was for things like the movies and stuff as well
• 10:09
  You know like I just wanted that freedom and so yeah, I remember that I remember hbk
• 10:14
  Yeah, it was like owned by Helen signs glasses, I think
• 10:17
  Way back in the day and I had his petal pushes and I fucking loved them pedal pushes pedal pushes like
• 10:23
  three quarter length
• 10:24
  Oh tight pants could praise that like ended at the knee
• 10:28
  But little diamantes on the side a little split. Oh, love them
• 10:32
  An irreversible puff of his like a guy and finance this
• 10:35
  Did you buy yourself at a living? Yeah
• 10:38
  Yeah, and I was like stoked and I mean I had a job at eleven
• 10:42
  I did the paper round and then I was working at a cafe at 13 because I just like wanted my own money
• 10:48
  I wanted to spend money
• 10:50
  How I wished and not like ask people for permission
• 10:53
  And I saw my sister doing it and I was just like I want to be like her everything at that age
• 10:57
  I want us to be like her maybe there's this is a reason why there's so much hang up for me and buying expensive clothes because I would go and buy like
• 11:03
  Little crocheted vests
• 11:06
  Point is I spent way too much money on clothes. I was really trying to keep up with people and like my friend to had expensive things
• 11:15
  And so I think I really overextended myself when I was young
• 11:19
  I put so much pressure on my parents
• 11:21
  Telled me like keep up with the crowd that maybe it's like delayed punishment for that
• 11:26
  That's why I struggle so much. She's been money on clothes now
• 11:29
  But it's weird because I had this memory like this would have been about five years ago
• 11:33
  And I went you know ruby. It's like a New Zealand fashion label. Yeah
• 11:37
  I actually still have the dresses that like body pink linen
• 11:41
  Long oh you were there yes. Yeah, like I still wear it. How was that your first?
• 11:46
  No, now wasn't my first memory, but I just this is just an example of when I felt anxious
• 11:50
  I remember I spent 150 pounds for like 300 New Zealand and I bought a home and I remember showing my sister
• 11:56
  And I was like she was like wow, it's cool. How much was it and I was like 300 dollars
• 12:00
  And I felt so guilty about it that I was like I should take it back tomorrow
• 12:04
  I'm gonna take it back tomorrow and that's kind of how I feel when I invest in expensive things
• 12:09
  And I get the same feeling like excited. I love this feeling
• 12:14
  From something that's vintage
• 12:16
  So I think maybe that's why I prefer to buy things that are secondhand because
• 12:22
  I feel better about it from an environmental standpoint, but also I have that same like excited
• 12:28
  Love what I'm wearing feel really confident and that when I've spent less money. Yeah, I almost feel better than when I've spent
• 12:36
  Heaps on something
• 12:38
  So I don't know I mean, that's like kind of interesting even in itself like
• 12:41
  To think about because I it's not that I don't buy expensive
• 12:44
  Brand-new things sometimes I do but like not very often. I just have a few brands that I
• 12:49
  I got I sound like such a bore, but I just have like a few brands that I buy clothes from that I know
• 12:55
  I don't really venture out. I don't really go vintage shopping. I think it's more a time thing
• 13:01
  You know like I follow a few brands that I like
• 13:03
  And I'll buy stuff from them
• 13:05
  You know, I know my style like all of that rather than shopping around. I get a bit experimental
• 13:12
  Like sometimes I'm like I'd love to go to Oxford Street and just go shopping. I like oh no
• 13:15
  Yeah, you know like I think the thought of it I like, but then actually in reality I'm like that
• 13:19
  How do you feel once you've bought something expensive?
• 13:22
  You've had it for a few years and then
• 13:26
  It's sat in your wardrobe because you've done a few like oh yeah sales of things where you've almost like had like you know
• 13:33
  An online like you just put it on your stories whatever
• 13:36
  And the reason I ask is because if I spend money on something like I honestly I could remember all of the things
• 13:42
  I've spent a lot of money on that were new clothes
• 13:45
  Even six years later if I'm not wearing it I find it so hard to get rid of for way less money than what I bought it for
• 13:53
  I don't know why and I don't know what that is, but like there was this
• 13:57
  It sounds like only I buy Ruby clothes, but I bought this
• 14:00
  Ruby jacket years ago, honestly it would have been over 10 years ago
• 14:03
  I still remember the print I still remember the start I was like held on to it for years and years and years because I thought
• 14:10
  Maybe it'll come back in fashion maybe I'll like it again. I spent so much on it. I can't just say
• 14:15
  Sell it for $20. I see I view it as like
• 14:19
  It's just money sitting in my wardrobe
• 14:22
  That I could be spending on something else. I'm gonna get way more wear out of all spend on something else
• 14:26
  That's not clothing. Do you know what I mean? Like if I could sell something for $100
• 14:30
  I might way rather that $100 then have it sit in my wardrobe and I might wear it
• 14:34
  Really also just like gathering so much shit
• 14:38
  Like I hate having so much stuff. Do you know what I mean? Especially if you don't move in countries and everything
• 14:42
  You do do big like clean outs. I don't know. Yeah. I'd rather sell it and get the money and then buy it put that in something else and then
• 14:50
  When I'm over that sell that and buy something else. You know, like just kind of completely
• 14:54
  You're a bit more detached. I think with spending money on things than I am. Yeah, I get really
• 15:00
  Fucked off. I put a hole in it or a stain or something because then I'm like
• 15:03
  There you go. Well actually now you mentioned it. Maybe that is why I don't because I struggle so much
• 15:09
  I mean literally at the top. I'm wearing right now. It's got a giant hole in it
• 15:12
  Yeah, but I spent so much on it that I can't bear to get rid of it
• 15:16
  Yeah, and I do still love it
• 15:17
  So I'll just fold over the hole and try and hide it there's actually really good
• 15:21
  Alteration spices. They'd be able to fix that. Yeah, but you know me with that man
• 15:25
  I'm not ready. But then it will look way nicer. Yeah, and then you can start
• 15:28
  But I think maybe that's a point though is because I struggle to look after things
• 15:32
  I lose them all the time like like things I really love. I remember being
• 15:37
  Oh god, I spent probably five hundred New Zealand dollars on these
• 15:41
  Rufik the Sachi sunglasses when I was like 14
• 15:45
  And I was for me in the shopping and I was probably like
• 15:48
  I don't know I'd had them for two weeks and I took them off left them on a table in a shop walked out
• 15:54
  Remembered half an hour later and was like oh my god my sunglasses ran back and they'd gone. Oh, no
• 15:59
  You know, so that kind of stuff of a Sachi
• 16:04
  You probably put them in the bin
• 16:06
  Yeah, fair enough
• 16:07
  But do you know the pointers I think maybe for me there's like I just don't trust myself with things
• 16:11
  I lose it. I miss place it. I ruin it
• 16:14
  So there's probably like
• 16:16
  The value of of going and spending that much on something. It's just like not worth it
• 16:20
  When I know that I can't look after it. It doesn't feel like it's good use of money maybe yeah
• 16:26
  Yeah, I mean that that could be fair
• 16:29
  I think I've also got really good recently in like if there's pants that I don't like the color of and I never wear them
• 16:36
  It's like okay, die them or if there's if there's like this waste code I had which I like hated the buttons
• 16:42
  I didn't even wore it. So I just want to replace the buttons you know like things where I'm like
• 16:46
  Don't just keep looking at it like a waste of space like either sell it or alter it if it's something that's too long
• 16:53
  Get it shortened like yeah, most things. I'd just be like like this jumper. I actually fucking hate because it's so
• 17:01
  So bubbly you can get bubbly remember I just need to do that
• 17:05
  But every time I pull it out, I'm like oh my bubbly. Do you hate the jumper? You know I love the jumper
• 17:11
  But again, this is quality. This is like this was really expensive
• 17:14
  But I was like coming to London. It's cashmere. It's like gonna be fucking warm
• 17:19
  Sorry, I stopped swearing, but it's probably as I hate it. I hate it
• 17:23
  That you can get a um, I was excited. Yeah. Yeah. Yeah, I just haven't had time. It's so weird. You always do stuff that you
• 17:31
  I'm surprised. That's the sort of thing I would do
• 17:33
  I know a million times. I'm like I hate it. I hate it. I just need to like sit in front of Netflix and bubble my
• 17:38
  Jumpers
• 17:39
  But like for example with this it's like I would rather
• 17:42
  spend the money on a high quality cashmere jumper
• 17:47
  And just bubble it every now and then
• 17:50
  Then buy a cheaper fast fashion like $50 jumper that I put in the wash and it shrinks and then I can't read again or
• 18:00
  Has a hole in it and then I can't read again or have to buy another one
• 18:03
  You know like this, but I think it does come down to taking care of it
• 18:07
  I think that's the key thing. It's like you have to wash it appropriately. You have to store it appropriately
• 18:12
  Try not to get stains or food on it. Well, there's a lot of interesting stats around
• 18:17
  A few of the goons and I've seen heaps of things on the internet as well where it's like
• 18:21
  It might be like buying a ship pair of shoes for $10 every year
• 18:25
  Actually ends up costing more in the long run than yeah, if you just went and spent more on something quality
• 18:32
  But I think the thing for me is like going and spending a big lump sum on something
• 18:37
  because I haven't been super
• 18:39
  Clever with my money in a way that I'm like
• 18:42
  I don't know I guess I don't often just have lump sums to and spend on something nice
• 18:46
  Even though I see stats like that and I'm like, you know, you could buy quality pieces and actually
• 18:52
  Save 50% over like a 10 year period if you were just going by something expensive in the first place
• 18:58
  But it's a privilege to have that money to spend in the first place exactly and that's the hardest thing is like
• 19:04
  It depends what it is as well like sometimes my fashion changes or I'll
• 19:08
  Not like something and want something different and so it's like
• 19:12
  In that sense and maybe for you it's like fast fashion is fast fashion or
• 19:18
  vintage is the best option because
• 19:21
  You find it difficult to take care of it or something like you know like in terms of
• 19:24
  Feeling guilty about spending a lot of money on something and then not taking care of it
• 19:29
  It's like okay, let's just remove that and that's been money on vintage or something that might be a bit a bit cheaper
• 19:35
  To remove that like guilt because I
• 19:37
  Personally things that I wear all the time like a handbag for example or sunglasses like they're expensive items
• 19:46
  And like I will pay quality for those because I wear them all the time so the cost per wear is like tiny
• 19:54
  Whereas I've bought Zara stuff for example
• 19:57
  Warn it once and then you wash it and the quality is on the same
• 19:59
  You know, it's just like a bit like off and I won't wear them and I'm just like that's such a waste of money in space and waste and waste
• 20:06
  Yeah, and all the things so it's like
• 20:09
  The best outcome is like I reckon high quality vintage stuff because it's still the test of time
• 20:15
  It's unique. It's good for the planet like there's so many good things. It's almost like a spectrum
• 20:22
  Got like cheap shitty stuff
• 20:24
  High quality vintage stuff. You got high quality
• 20:26
  New stuff. You know, it's like where do you put on that spectrum?
• 20:29
  It's actually really I want to think about it because the thing is I love the
• 20:33
  I actually love the idea of buying quality things that are going to last but I feel so guilty and sad when I ruin them or lose them
• 20:40
  Which is always happens. It's like it doesn't matter how hard I try that always happens
• 20:43
  Yeah, like even I'd bought this that yellow vintage coat that I bought for no I didn't lose it
• 20:50
  But I went into Mecha and I was not mecha some random makeup place over here and I was practicing on and I
• 20:56
  Accidentally dropped like one of those little twilly things that you use to try and put you know try on an eyebrow
• 21:02
  And I just put it and now and it was honestly it was the first day I wore it
• 21:05
  And then there's like a stain on the side and I took it actually to get dry cleaned
• 21:09
  Which is massive for me because I loved it and just like can't be bothered
• 21:12
  And it didn't come out and I was so gutted with myself and it wasn't even super expensive
• 21:16
  So it's like it is a really good idea to think okay
• 21:19
  Because back to what you said at the beginning about fashion being or clothes or buying stuff being kind of
• 21:25
  frivolous or superficial
• 21:27
  It does make you feel good. I feel amazing when I'm in an outfit that I feel confident the energy
• 21:32
  I bring to the world and people is so different
• 21:34
  But it's about finding what does that cost verse? Yeah, you know like where do you sit on the on the spectrum of what type of
• 21:41
  Shopping or investments should you be making like those sunglasses ones? I remember yeah
• 21:46
  I remember buying them and I'm from
• 21:48
  Batega
• 21:51
  But I know and I remember buying them and like I was like
• 21:56
  No, I like that. Oh, they're expensive like and they're not like how much would they've been at the time?
• 22:01
  And they're like $400 New Zealand. Yeah, there's actually that bad
• 22:05
  No, I know but I remember being like I don't really need
• 22:08
  Yeah, you know that I've got so many pieces like that's it and I say oh do I really need them?
• 22:13
  But now I'm like every time I go to wear a different pair of sunglasses like not wear these ones
• 22:17
  You know like so yeah the cost per wear and then I've bought I remember buying some other sunglasses
• 22:23
  Which were pretty similar price and I hate wearing them
• 22:28
  Like I literally would rather blind my eyes. Which ones are they big brown?
• 22:32
  Big brown ones. Oh, do you not like I hate them? But I'm like, you know what they're still in good condition
• 22:37
  I may as well sell them quickly now are they still have sold them? I'm gonna sell them. Yeah, cuz I'm just like
• 22:43
  I'd rather have that money
• 22:45
  Which ones are they what brand are they love it?
• 22:48
  Yeah, yeah, it's very cool
• 22:50
  But I've just called but like do feel good in them every time I see myself like a photo myself for that. I'm just like
• 22:56
  Yeah, I'd rather be wearing those ones. Yeah, so I'm kind of like well
• 23:00
  Sell them move on so you don't like get a stab in the heart every time you see them on your dresser
• 23:05
  You know, okay, let's talk about that then. Yeah, how much did you buy those for when you got them about 400?
• 23:11
  How much do you think you could sell them for if you got rid of them tomorrow?
• 23:16
  I'd question if you know what's the buy them let me know
• 23:22
  Maybe I'll just do a little um, sick and hand market place
• 23:26
  Probably
• 23:28
  300 I'd hope like they're still pretty like new season
• 23:31
  They're in great conditions. No scratches like anything. So I don't know. It totally depends
• 23:36
  And how long ago did you buy them eight months ago? So that's not that bad and eight months losing a hundred
• 23:41
  New Zealand a few times. Yeah. Oh
• 23:44
  I wanted to talk about like the moral dilemma
• 23:47
  That I know you have between like fast fashion
• 23:50
  And I'm sure a lot of people do is like well, I can't afford expensive stuff
• 23:55
  So therefore all I can afford is cheaper stuff
• 23:58
  And I'm not saying that everything cheapest fast fashion, but like how do you balance that dichotomy? I love that word
• 24:05
  with
• 24:06
  Buying stuff from like Zara and your huge Zara all you did there
• 24:10
  Versus the 700 gallons
• 24:13
  Oh of water that it takes honestly. It's not I haven't gotten answer for that in terms of having it all figured out
• 24:21
  But I I feel deeply guilty
• 24:24
  Yeah, to my soul when someone's like where's that from and I'm like you know what and it's always the Zara stuff
• 24:31
  That people will be like love your shoes. I'm like oh, why can't you like my top? It's not from Zara
• 24:35
  I know it's like always the way
• 24:38
  So I feel guilty admitting that's where I've bought it from. I don't feel great when I'm in the shot
• 24:45
  But I'm also not in a position to go and buy quality all the time and then replace it when I inevitably effort up
• 24:52
  So I'm kind of in an interesting situation where like I feel really proud and excited where I can buy a piece of
• 25:00
  Bloathing or an accessory that is quality, but I bought for example
• 25:04
  I bought sunglasses not that long ago for 150 quid so like 300 New Zealand
• 25:09
  Yeah, and I had them for less than a month and I lost them
• 25:12
  Yeah, so it's really hard because it's like on one side I feel awful buying fast fashion
• 25:18
  But on the other hand, I just like
• 25:21
  Doesn't matter how much I love something I cannot train my brain to know is it like the other day
• 25:26
  I didn't tell you this because I was so embarrassed I was having a production meeting with Emily our producer
• 25:33
  And I just got a new you may bag like kind of moss green like I love it
• 25:38
  I love it. I honestly took it for a walk just to wear it the other day because I
• 25:43
  It was new and I felt excited and I just walked around East London wearing it with nothing in it because that's how much I loved it
• 25:48
  We were in a meeting
• 25:50
  At the cafe and we got back to work and Emily was like oh your bag
• 25:55
  And I'd left it on the back of a chair at a cafe and Emily bless her heart
• 26:00
  I was like do you want me to just run back because you could see the like to look of terror in my eyes
• 26:04
  I was like no, no, this is my problem. I need to go fix it
• 26:07
  But
• 26:08
  It's like when you get annoyed at me for forgetting something or doing like you know forgetting the SD cards it's like
• 26:15
  It does not come from a place of not caring about something or not trying
• 26:19
  It's like actually is so embarrassing. I feel so shit about it
• 26:22
  But so then if I look at the fast fashion verse
• 26:26
  Quality if I find a bag in Zara
• 26:29
  This spending 500 600 dollars on a you may bag you're gonna do that. Yeah
• 26:34
  Well, it's just like it makes more sense for me financially
• 26:38
  And also from a waste perspective if I'm just losing things or ruining them all the time
• 26:42
  That's almost just as bad as going and buying fast fashion. So to be really honest
• 26:47
  I'm not in a place where I know the answer, but
• 26:50
  Where do you get inspiration for your clothes?
• 26:53
  There's this influencer that I really like her name's Vick Harris
• 26:57
  And
• 26:59
  Lining up for compliments. Seriously though. I love your style and I actually get real offended when you're like
• 27:04
  But we've got such different style and I'm like it's like a younger sister. So I feel like I feel like that was me with my sister
• 27:09
  And I'm like buying Zara the same stuff and she's just like fuck off
• 27:13
  There's so many things
• 27:16
  A new office space and we're both wearing the same shoes and I just was like I know that will be a hazing every
• 27:22
  The other night and we're wearing the same top and pants and I said to be fair that's a Maggie Maryland singular
• 27:26
  That wasn't I know you can't blame that's really I know I know, but it's just funny when it's like it's not funny
• 27:31
  I get how annoying it is. No, no, no, it's funny. It must be funny for other people and they're like
• 27:36
  Oh, do you guys like work together friends together?
• 27:40
  Okay, my question would be or not question my request would be if you see anything you think I would look good in yeah
• 27:46
  Please tell me
• 27:48
  I think it is I know yeah, I think it's a combination of like it's flattering
• 27:52
  But it's also when you go speak money on something you also want to not have the same as you
• 27:58
  And you see it around and you're like oh cool. Yeah, I like that
• 28:01
  You know like
• 28:02
  Definitely it's kind of like
• 28:04
  Instagram and reality the problem I have is like let's just say the new Harris Tapper um season comes out
• 28:10
  And I'm like, I love this nurse
• 28:12
  Vic has already ordered it paid for it and it's on its way to her house
• 28:16
  So like sometimes when I want to buy something it's like I'm not as on to it as you are
• 28:21
  So it's in your wardrobe by the time I've seen it. It's quite annoying. We should just combine wardrobes
• 28:26
  I mean, it's not a no for me. Not a no
• 28:29
  Oh god. How do you feel about a fast-fashion vest vintage first?
• 28:34
  I'd love to go to a market and have a look around
• 28:36
  But like if I want like a black winter coat
• 28:40
  I'm not going to go trawling to ventures stores to find one. Do you know what I mean?
• 28:43
  Like I'd like I'd rather sit online or go to the brands that I know and just buy you're an efficiency girl
• 28:49
  You know, you like to to get your black coat when you want to see people like even my flatmates got the most like gorgeous vintage stuff
• 28:57
  And I'm like oh, yeah, it's from this and I'm like oh, I wish I could
• 29:02
  Yeah, this podcast is actually sponsored by Remy marketplace, which is a new marketplace in New Zealand to be able to get quality
• 29:10
  vintage vintage fines
• 29:14
  So which is I actually ride up my alley because it means I can sit at home and look online and not have to
• 29:21
  troll vintage stores or seek-and-hand clothing stores. Well, I think what's amazing about
• 29:26
  When you find a vintage shop whether it be like a curated
• 29:30
  Something that's in your style. It's so great because someone has done a lot of the legwork for you
• 29:35
  I totally know what you mean going from spending an entire Saturday going from shop to shop if you're specific
• 29:40
  Trying to find something you don't want to spend heaps of money. Yeah, can be exhausting
• 29:45
  But I think if you go vintage shopping in that way like you just suggested in terms of like going to like not in hell and having a look
• 29:51
  Crown shops that kind of situations really fun if you're doing it without needing something if you're just
• 29:57
  Manifesting oh, I want a cute head scarf or like I'd love to find that's fun
• 30:01
  I think they're stumbling across things and finding them like whatever it's antiques or like anything like that
• 30:06
  I think if if you're wanting specifically like two white t-shirts a long black coat and some ballet flats
• 30:14
  Yeah, not it's maybe not the best approach
• 30:17
  But if you have the openness and you're like I want something new, but I don't know something like Remi where you can go on and see what's there
• 30:24
  It's like ideal exactly. I'd love to know with investing in fashion brands or companies or when you look at it from like a business perspective
• 30:33
  What you think because there's the consumer side of fashion and then there's the business side
• 30:39
  Where what how do you feel about fashion businesses? Yeah, I think there's quite a contradiction
• 30:45
  Being a fashion brand and trying to be sustainable because your whole business model is
• 30:52
  Having an impact on the planet a detrimental impact on the planet and your whole business model is to
• 30:57
  For people to consume you to keep producing new exciting things
• 31:01
  To keep people buying come back to store. So it's like
• 31:05
  It's the same for supermarkets
• 31:06
  Do you know what I mean like they produce a lot of food waste? Yes, we have to eat
• 31:10
  It's kind of not the same actually, but like do you know what I mean?
• 31:12
  Like the whole way they grow and make money is by people coming back again again and again
• 31:16
  And it's the same with fashion companies
• 31:18
  This is why it kind of pisses me off and they're like oh, we've released a new
• 31:22
  Clean line line. It's like but your whole business model is about consumerism
• 31:27
  It's like either you don't consume anything yourself or don't invest in retailers or you
• 31:33
  Try and do good for the planet. Otherwise if that makes sense like the fact that there is 150 billion garments produced each year
• 31:42
  Yeah, and it's estimated that 20% of them never get sold. I know let alone worn in non-use like that is just the waste
• 31:51
  Absolutely 150 billion. I think every year. I think it's more a
• 31:57
  society
• 31:58
  Thing about embracing
• 32:01
  wearing things multiple times
• 32:03
  embracing wearing vintage like even movie stars and
• 32:08
  Etrusc's it's like on the red carpet wearing the same dress that they wore to a previous premiere or like things like that
• 32:14
  You know, it's like why does it have to be a new outfit every single time? I think it's kind of starting from there of like
• 32:20
  They I remember this article on Kate Middleton. It was like oh she's won this blue dress four times. It's like and
• 32:26
  Got why it's that why is that news like that should be the norm it should be like she's got a new dress every time
• 32:33
  Should be the news do you know what I mean? So it's kind of
• 32:35
  Making that more normalized I think is is what would help solve the
• 32:40
  Environmental impact of fashion do and you don't invest in because there's we were having a look at some of the top
• 32:46
  Fashion companies that are public and LVMH is one they've spoken about quite a bit which is
• 32:51
  Louis Vuitton Moettinus I can't ever say Louis Vuitton Moettinus thank you. Yeah, which is valued at like
• 32:57
  $421 billion. It's insane. Do you with something like that? Would you invest in or how do you feel about it?
• 33:04
  Yeah, I invest in that and I think it's
• 33:06
  For me. It's because it's luxury. It's not high turnover. It's quality. It's like people aren't
• 33:13
  Buying a Louis Vuitton handbag every five seconds. Well some people
• 33:19
  Yeah, it's like you're investing in quality and
• 33:22
  It's not like the urban outfitters of the world for example, which are
• 33:26
  churning out clothes
• 33:28
  For every festival that's launched in the UK
• 33:32
  Well if you but if you look at like what I think it's quite interesting
• 33:36
  If you look at some of the fast fashion like share prices like urban outfitters at the moments like 36 dollars
• 33:42
  Or how do you say that?
• 33:44
  Indie techs
• 33:46
  Which owns like Zara and Birkshire and all of those or Birkshire. How do you say yeah $32
• 33:52
  Comparatively to LVMH your share price which is 935
• 33:56
  You know, it's like but what what does that tell you? No, I know you're saying share prices no indication of
• 34:02
  But I guess it's more the idea that
• 34:04
  For me what it tells me is if a share price is doing that much better. It's like a much more valuable
• 34:11
  Stock it. How do you know it's done better? What do you mean?
• 34:15
  Just because it's more expensive, but it could LVMH could have IPO'd it
• 34:18
  $900 a share. I mean, I guess the only reason I know this is because you've talked about LVMH and about all the different brands
• 34:25
  So it's like I know it's diversified. It's got Celine. It's got all those different brands under the same umbrella
• 34:29
  But a share price by itself like that tells us nothing about so well then what would you take out of that if you look at like urban outfitters
• 34:35
  That's doing shit or like indie techs that's doing shit
• 34:39
  That's the share price
• 34:41
  But that doesn't tell us anything about how the performance of the company yeah
• 34:45
  So like that 36 that could have been $1 yesterday and it's gone to 36 and that company's done fantastically well
• 34:52
  Do you know what I mean like it's a share price alone tells you nothing about a company
• 34:56
  I just think it's interesting that it's so much lower
• 35:00
  And it's also IPO'd at like a dollar and gone to 36. It's done fucking well
• 35:06
  Do you know what I mean like I'm trying to do you understand like the price the price doesn't tell you anything without
• 35:13
  context or context of the performance or context of the earnings growth
• 35:18
  So it's like I know I remember my mum always is to be like oh it's so expensive. I'm not gonna buy that
• 35:23
  I'm like, but it could have
• 35:25
  It could be a really good stock versus one that's cheap. It's done absolutely nothing or like that's bad example
• 35:30
  But like do you know anything yeah
• 35:33
  What I would say that like intertext is done fantastically well
• 35:37
  And so is that will be a match open out for this is the shitting itself
• 35:39
  I don't even know because I've looked at the share price
• 35:42
  the performance
• 35:44
  What just like
• 35:46
  It'll just like the throw away of shitting itself like if you think of something's shitting itself
• 35:50
  Like imagine if you're standing there shitting your man
• 35:56
  But TJX are really like because it's got that
• 36:00
  Lots of people won't know what TJX is. Yeah, so TJX they own TK Max in the UK
• 36:06
  And it's effectively they're buying other brands and putting them in their stores
• 36:09
  So they're buying like end of lines they're buying that probably that 20% of stock they never get sold
• 36:14
  You know, they're buying that and putting in their stores and trying to sell it
• 36:18
  Is kind of the overarching business model. So they're buying end of line staff stuff for real cheap and selling it to consumers before it goes to landfill
• 36:25
  So I quite like that business model
• 36:27
  Where she spoke about that in the
• 36:29
  Investing club
• 36:31
  Yeah, for anyone who
• 36:32
  But I also have to credit companies for like trying do you know what I mean like there's
• 36:38
  Investor pressure there's consumer pressure of like you need to do better from an environmental standpoint
• 36:45
  And so you know there's there is brands like Patagonia, which are like fantastic for the environment
• 36:51
  There's companies bringing out sustainable lines
• 36:54
  There's companies like Urban Outfitters has got a secondhand clothing marketplace
• 36:58
  Offshoot as part of its company. So there
• 37:01
  There is small progress
• 37:04
  Which is better than no progress. Yeah, I think what this
• 37:08
  Conversation has taught me
• 37:11
  Is that I would prefer to invest in
• 37:14
  Luxury and or quality vintage clothing. Yeah
• 37:19
  Just because I think it will make me feel better environmentally as well as I get to wear like nice
• 37:24
  Quality clothes. Yeah, I don't think investing in unless it was LV image
• 37:28
  I don't think I feel overly excited about supporting
• 37:31
  Companies in an investor way. Yeah, but like there was a stat
• 37:35
  I can't remember where it was from but the idea of like if I was to go for example
• 37:39
  It's nearly winter. I'm gonna need to get a nice jacket or a jacket and I could go and get
• 37:45
  You know like a budget
• 37:47
  80 pound something which would be way less durable and have probably worse materials and you know
• 37:53
  Probably get a cold and not come to work because it'd be sick
• 37:56
  Not then not be able to holiday. I hang out with friends
• 37:58
  But also like the idea of if I was to replace that budget version. Yeah, like every 10 years
• 38:04
  That's like it all comes down to planning. It's like okay cool. You do have winter coming out
• 38:08
  Start putting money away for a nice one. We'll winter coat and just like attach it to your wrist
• 38:14
  So that you don't lose it
• 38:16
  Because like things like that a good winter coat I invested in last year because I used to buy
• 38:23
  shitty
• 38:24
  Wait, actually didn't need
• 38:26
  hugely warm winter coats in Auckland, but in London you need good quality wool coats, which are expensive and so
• 38:34
  I invested in one last year. I wore it literally probably every day
• 38:38
  Well, I think it's just the idea of stopped on the street. What was this one which jacket is it the Harris everyone?
• 38:43
  What does it look like like a black like tuxedo jacket? Oh
• 38:47
  And I got stuck on the street and this guy was like what brand like where's your jacket from and I was like Harris
• 38:51
  tap and she's like what?
• 38:52
  I can understand my accent. I was like Harris tap her and like showed at the label. She's like okay cool, bye
• 38:58
  Yeah, I'm so sorry. I want to get stopped on the street. Yeah, it was quite I wanted to feel quite I get nervous
• 39:05
  Oh
• 39:07
  Goodness, okay, I think maybe I maybe I just need to do a bit of a narrow down of like where I can find really good vintage in London
• 39:15
  And I think it's also like try
• 39:17
  Remember it as a spectrum you know, you don't have to be always buying
• 39:21
  High quality pieces are going to last a lifetime or only buying fast fashion
• 39:27
  And feeling guilty about it, but that's what you can afford
• 39:30
  Yeah, if there's something like a handbag or sneakers or a jacket that you can be wearing all the time that you really really love
• 39:36
  Buy it because the cost per wear unless you're so feel all right
• 39:39
  And you'll leave your shoes outside the gym and I've forgotten them and lost them and then some of us
• 39:44
  I'll just buy you a thousand airtags babe. I was looking at airtags yesterday thinking I wonder if because I've just got a bike
• 39:50
  I'm wondering if I like can shove
• 39:51
  Absolutely and air tag down the like
• 39:54
  Strap it on link, you know, strap it on with some cell phone because if someone steals it
• 39:59
  Then they see the airtag they'll rip it out, but if it's inside the bike then then I can just constantly be finding it
• 40:05
  That was my plan. Yeah, good idea
• 40:07
  I don't do that with every piece of clothing imagine if on my side it was just like so it into the same
• 40:12
  She's not a bad idea. Maybe I should do that. Yeah, just take it to the alterations and be like right
• 40:17
  I've got a thousand airtags. Can you please just how much does it get me?
• 40:22
  Don't be like I don't think you'd be the first person
• 40:26
  It's actually a genius idea like with really expensive things sunglasses. You can't exactly tell you take stickers like
• 40:32
  So nice
• 40:34
  Chunky
• 40:35
  great
• 40:36
  My sunglasses back, please
• 40:38
  I was gonna say can I borrow them for the day, but let's be honest you won't get them
• 40:42
  Yes, you could of them that we need to take a mix that sticker. You can borrow my clothes. Thank you
• 40:47
  Um, I do not you met like I put them on in the lift as I was coming up the lift and I was like
• 40:52
  Take them off quick before the doors open. Don't want someone to come into the lift and you're like hi
• 40:56
  I don't know and kind of like sometimes I love the idea of just lenient being
• 41:01
  Like the best people singing your famous. Yeah, like fun
• 41:05
  I reckon if I wore a hood
• 41:07
  Sunglasses and had like two big bodyguards standing next to me the airport
• 41:10
  You're can people think I'm famous? I thought you're about to say what people think I'm Kendall Jenner. I mean
• 41:15
  I'll be fixed been told once or twice before that she looks like Kendall Jenner. She has never got by the way
• 41:21
  Before we started this podcast you said oh, I'm gonna get my head. I'm going to the heater
• 41:25
  The heat's where I have to leave right right now. What are you getting done? So I want
• 41:30
  Wait, what oh my god is I want you to go a bit purple
• 41:34
  But I don't think I have the balls
• 41:38
  I have an important meeting I turn up with purple here. How purple? How purple? So do a leaper like can you tell to it? Oh
• 41:45
  It will look so good. It's not purple. It's like slightly red
• 41:50
  Yes, actually
• 41:53
  But am I just trying to look like do a leaper wait wait look at me. I think I'm just trying to look like do a leaper
• 41:57
  It's face this way into me. I
• 41:59
  Reckon that would look so good on you. I feel like he just might be like
• 42:03
  I think it'll be expensive. I know and the upkeep might be quite a lot. Well, I think I'll just do it once
• 42:09
  And if you like it for a couple months and then because you've got the same eyebrows and skin tone as her
• 42:14
  I think maybe we have a do a leaper on our hands. Well, we'll TBC. How much do you think I've turned up tomorrow with the same here?
• 42:22
  Just do you know what I would love to know ask how much your normal hair cut color is and then I want to know what the difference is
• 42:28
  Yeah, because I feel like I'll have to strip your hair and then color it. I know and I don't want that
• 42:33
  So I'm like maybe if you could just but you've never done anything fun with your hair like why not just go a bit all out
• 42:40
  No, I won't I'll come back. I'll come back with just a kiss a living on a Friday
• 42:44
  She's like see you're gonna. I was gonna go five out of the edges. I know. Okay. I don't work weekends. Bye
• 42:53
  We go let's talk about making your wardrobe
• 42:56
  Maybe a little bit kind of the planet show it. Yes. I think that's a stunning idea. Honestly
• 43:00
  I would love for this to be something that we all do
• 43:03
  It shouldn't be that hard, but it's sometimes it is and so the fact that Remy Marketplace is now popped up is incredibly
• 43:10
  exciting you can get pre-loved items that actually make you look and feel good like some of the stats of wow
• 43:15
  But buying sick in hand instead of new can save up to 700 gallons of water. That's like skipping laundry for a year
• 43:21
  Do you know what I think I think if we all knew those things when we were buying sick in hand
• 43:25
  It would be so much more incentivizing like if you knew that how much good it was doing. It's a no-brainer
• 43:32
  So next time that you are tempted by doing a little fast fashion haul
• 43:35
  Why not head to Remy Marketplace instead because I guarantee you'll find something unique
• 43:40
  You'll be saving the planet and you're probably saving some cash too
• 43:44
  Start shopping sustainably look cool on the process the planet and your wardrobe. Well, thank you
• 43:51
  Thank you so much for listening to raising the curve these conversations are designed to teach you
• 43:55
  Everything you need to know to be better with your money
• 43:57
  I'm saving to investing to talking with your friends about your salaries or that stuff
• 44:01
  And if you like what you heard we would love if you could please hit subscribe wherever you're listening and leave a comment
• 44:06
  Let us know what you thought about the episode and it only takes one second and it would really make our week a month
• 44:12
  They're yeah, yeah, so please do it. Okay, bye