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TCW82: Espresso martini regrets & $120M podcast deals. · The Curve

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  I cannot believe that after 200 episodes, 1,800 students for our online courses, that almost
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  three years, and actually maybe more than that, of spreading the good word.
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  For 50% of our Curve Classroom students, so people who invest time and money in learning
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  they ran a study in 1,000 Kiwis in 2023. There was 27% of them that didn't know where to start
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  this podcast. Hi and welcome to the Curve Weekly, the podcast that keeps you up to date with all
• 2:01
  the money, business and stock market tea. Everyone should experience for us class at least once in
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  their lives, and Annie shouldn't miss out just because she can't afford it. Help me. I feel exhausted.
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  So do I. Like I want to go to bed. And it's only 10 a.m. or 10 to 8 a.m. It's been such a big
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  week. I also feel a bit hungover. Sophie's birthday yesterday. Yeah. But I was just saying to
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  Vick, we had espresso martini is kind of at the end of the meal, which I just think is it was
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  not a good idea. No, it's like having a coffee at I don't know what time it was like 10 p.m.
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  Just before you got a bed, it was quite bizarre. There's something about coffee after dinner though.
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  I love it. Yeah. I can't, but unless I'm going out. Yeah. Like if I'm going to bed,
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  I'm there's like I'd be like, I think that's why I slept so I had such an anxious sleep. I was
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  like, I remember when I was younger, and I would have like eight espresso martinis a night. Oh,
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  no, I had total meltdowns. Like reborn vodka's and like, oh my god. I would never drink eight
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  coffees in a day. Yeah. When I go out, it's like, who am I? Yeah. You know, I had this I had this
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  thought like yesterday, because I was ahead a couple of like really had liquid cocaine. What?
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  Sorry. What is that? I just had a memory. It's Red Bull vodka in champagne. No.
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  What does it make you feel like you're flying? No, I think I would be needing like. Yeah. It's
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  not my dream of choice, but I used to have a dream of choice bar out. I remember when I was at
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  university and we would make liquid cocaine and like go to the races and stuff and like just be,
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  yeah. I have a feeling that at three year olds listening in the car with their mom and I just
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  think maybe we're sorry. Like mom wants liquid cocaine. Sorry, it's just a type of drink. Sorry.
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  I um, because yesterday I I went out for like all of them else with different people and it was
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  so nice. And I just sort of thought, do people feel like because it's my birthday that they have
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  to pay for me? I know that's a weird thing to say, but I kind of I got to the end of the day and
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  everyone had paid for my meals. I was like, oh, I didn't I definitely wasn't expecting it.
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  But at the third meal at dinner, there was four of us and I wouldn't have ordered so many drinks
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  if I thought that I wasn't paying for it. Like I almost looked back on it. I'm like, do I
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  die look like a spoiled rat? Because it was just assumed they'd pay for my dinner and there I am having
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  three frozen margaritas. No, I feel like I feel like only you think about that. Really? Like how many
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  drinks? Like, yeah, but it was like an expensive bill. Yeah, but like that's it's your birthday.
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  I know. I just felt the way I imagine you'd have to pay for breakfast lunch and dinner on your
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  birthday. I know, but it's just more people want to take you out. They want to spend money on
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  you make you feel special. I think it's really nice. Yeah. It was really like my sister
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  for my lunch and I was like, no, she like hasn't had a paycheck in ages. And I was like,
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  no, no, no, it's fine. She's like, no, it's your birthday. I was like, but I ordered a bubble.
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  She was like, it's fine. You know, but it was really it was this weird thing where I was like,
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  it's like, I'm always the opposite. I'm like, oh, if I knew you're paying, I would have ordered more.
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  I would have ordered a liquid cake. Oh, good. Anyway, well, there's been some pretty exciting
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  news in the podcast. You know, when I saw this news, I did think it's so awesome to see a female
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  podcaster earning the smudge money. It's incredible. So she, the podcaster in question or in discussion
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  is Alex Cooper. So Alex Cooper and do you listen to her podcast? I watched the little snippets,
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  but I don't listen to like the full episodes. I was listening to one the other day. I think she's
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  maybe best when she's by herself. Like, I really like her solo episodes. No, I know that sounds
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  weird, but like, I watched this meme and it was like, Alex Cooper versus Sophia Franklin.
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  And it was like, this one girl was acting out both and she was like, and how did that affect
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  your upbringing? And like, she was being Alex Cooper, like, really in depth, interview questions
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  and then she, and then she was like, Sophia Franklin. Hey, sorry, I'm delaying. It's like, hey,
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  I'm so cool dress. And it's so true. It's like, I haven't listened to her podcast. Like,
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  it's crazy. Like, yeah, that they used to be cold. Oh, I can't even imagine being so fair and
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  seeing the steel that you're about to. Like the amount that she signed. So imagine how
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  devastated you'd be. For context, she signed. So Alex Cooper signed Call her daddy for $60
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  million dollars three years ago. It's for Spotify. Which at the time was like, maybe the biggest
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  deal that a female podcast had ever had, right? Biggest female podcast that ever had. Yeah.
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  And then now I repeated myself.
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  It's a budget. We're so tired. We're trying. And then now she's just signed. It's $120 million
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  dollar deal at Sirius XM for three years. Well, just over three years. She, she has doubled that
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  deal in three years. That's crazy. But Sirius XM, Sirius, I feel like I, I remember that brand name
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  from when I worked in radio. Yeah. But I'm pretty sure it's not a cool Spotify. So I'm kind of
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  interested to hear your thoughts like I was looking up how many subscribers there are on there.
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  And it's like 33. Yeah. 34. Whereas on Spotify, there's 626 million. You know, I'm like,
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  what is that going to do to the product or earnings or anything or is it kind of going to do nothing?
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  Well, I mean, she's got double the amount. I don't really think the millions of subscribers
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  would really matter. I don't think she has four million subscribers on Spotify. So if she's,
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  she won't be on Spotify anymore. Like she, you'll only be able to listen to her on this other
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  platform. Yeah. And I guess with Sirius, it's like, I'd look at that 100 million and be like,
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  we're going to get that back in listenership. If she comes up. It's pressure for her, I guess
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  is what I mean, because like, I mean, it's not as are you going from Apple podcast to Spotify.
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  Like it's pretty new. And it's tiny. It's like a 12 billion dollar company versus Spotify,
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  which is like 70 billion. Yeah. But I also think that gives her leverage to be like, well, pay me
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  more because I'm sacrificing these followers that I've got on Spotify. If I come to you,
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  I'm going to grow your listenership massively. God, you'll be gutted if you're a Spotify. I try
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  to get her across the line for round two. But I reckon she's got such a strong and massive
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  following. They'll follow it there. I don't think that'll be a problem. And she's bringing across
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  everyone in her unwell network as well. So Alex Cooper is, she's got the call her daddy podcast.
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  But then she's also set up the unwell network, which is like her media company. And she has
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  scouted talented influencers or podcasters. Sorry. And almost bought them under her umbrella,
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  under her company and leveraged them through her network. So there's Alex Earl, there's Madeline
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  Argy. I think that's the only two. And they're coming under that same contract. Yeah. Yeah.
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  Don't know how much they'll get from that. Yeah. She was just riding the co-tales of that. Like,
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  oh yeah, what does 120 million dollar deal? So she's the second biggest podcast on Spotify.
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  And because Joe Rogan's first, how much does he pay to be on Spotify? Joe Rogan's Spotify deal.
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  250 million. Well, there's a gender pay gap for you. Well, it is 150 million. It won't even matter
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  if no one listened. You just could call today at the end of your deal. But yeah, good on her.
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  It's amazing. Doubling her worth in three years. Pretty incredible. Yeah. And I didn't know,
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  like, does she come from money is her like her dad was a TV producer. So she's like, always,
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  I watched this story and she was, I've always wanted to get into TV and radio and like in that world
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  when she was really, really young. Then she went to Bastel. That's when they, the call her
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  daddy podcast, like took off and then they separated the co-hosts. Just honestly, I would be
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  fuming if that was you. Imagine. Oh, imagine. Imagine if I was being like,
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  why come to the care of podcasts and you're just sitting there on this other random thing,
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  being like, this is the Vic podcast. Yeah. Oh my god. She's like trying to interview and just like
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  seeing you sign 120 million dollar deal. Oh god. No. That would not feel right. I think I'd come back
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  grovelling. Yeah, totally. You'd be like, I'm sorry. I'm sorry. I'll do what you were going to do.
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  Oh my god. Some other things. Warren Buffett. Oh, I saw this. Good old Buffett. So he's been selling
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  quite a lot of his portfolio. Yes. For anyone who doesn't know Warren Buffett is like the
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  king of investing, right? Yes. And he has an investment company called Berkshire Hathaway,
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  which he does always investments through. Berkshire Hathaway is listed as a public company,
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  so you can invest in that. Genius, by the way. Yeah. Do you invest in that? No. I feel like maybe
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  I'd like to. Is it kind of like, would it be investing in a funds management company? Is that
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  kind of a kind of, but not really, because he buys like huge stakes in companies. So like he has
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  like big percentages, and he like owns whole businesses, which funds management companies don't.
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  So he'll own a whole insurance company or like a whole year. But the people follow his investments
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  like the holy grail of investing. And when he buys something, people swarm and do the same when
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  he sells. It's quite amazing. Yeah. And I was thinking like he could be like just joking,
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  not actually buying this. I mean, he's definitely at, you know, the later part of his life,
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  who would be the next Warren Buffett? Do you mean at Berkshire Hathaway? Or just in general,
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  like he's such a pillar of what people look to invest in ideas and trends. There's so many others
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  like. Yeah. Yeah. It's like lots of people would follow maybe really good investors and
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  invest in small companies. Or you know, like if you have a good track record, people know about it
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  and they start copying you, which is why as sometimes they don't disclose what they invest in.
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  Because if you say if I was still a fund manager and I had an epic performance and everyone was
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  following what I do, I'd be hesitant to show what I invest in because otherwise I wouldn't invest
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  in my funds. People would just replicate it. Oh, yeah. And I'd be like, no, no, I want your money.
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  Oh, okay. So some like huge funds don't disclose. Is that why you're so cagey when you work
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  to the finance? No, my performance wasn't that great. No, no, it's more, yes, some people get
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  funny about it. But I mean, it's quite good if you bought Apple and then you were so such a good
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  fund manager that everyone bought it after you, then the performance just looks better. But
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  you know what I mean? Because he actually speaking of Apple has sold because he owned huge
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  amount of Apple shares, right? Yeah. And he sold a big, big chunk of it like a few weeks ago.
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  And that was part and parcel of the wobble that we had in the stock market. How crazy is that
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  that he can affect the global economic movement? The stock market? Yeah, it's crazy. Like we'd
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  tell you what, wow. And then this week he sold about just over $500 million of Bank of America,
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  which is a bank in America. Really? Okay. Probably the most insightful thing I've ever seen.
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  Wow. So he owns a lot in that thing, right? He did. He did. It's his third largest position behind
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  Apple and American Expressions as well, actually. So overall, the reason why we're talking about this
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  is that the fact that he is continuing to sell his positions is that when you've got one of the
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  world's best investors wanting to hold cash instead of being invested in the stock market,
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  you're kind of like, what does that mean? Is this something that happens often or is this
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  quite an anomaly that he's selling this much? It happens. It does happen not frequently. He's not
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  a big buyer or seller. He doesn't really do a lot of trading. He's a big buyer and holder. So the
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  fact that he is selling, I mean, it's still like, he has $37 billion of Bank of America stock.
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  So he's selling 500 million. It's not a big sell, but the Apple one was probably more of a
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  kind of sit up and take notice. But it would be like, I'm trying to put it in perspective,
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  we like, if a ship is sinking and the captain jumps off, I'm so struggling to follow this analogy.
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  I think of his actions, you know, it's like, if you've got one of the world's best investors,
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  that is selling stock and putting it into cash. It's like when you've got someone that is so smart
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  knowledgeable, it's almost like they've got this foresight or maybe they'll have this foresight
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  of something that's actually happened. Sorry, what part of the sinking ship is Warren Buffett?
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  Sorry. Like, is he jumping off the ship? I'm so hyped. He's the captain. He can see what's about
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  to happen. Oh, he can see. Not the sinking. Maybe we're going into a storm. Okay. And the captain
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  jumps off and gets to their tugboat and goes home. You know, okay, this is a really bad analogy.
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  I was trying to think on my way. No, essentially what you're going to say is that like,
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  you're everyone's worried, he can see the storm in the future and he's signing to like a band and
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  ship. Yeah, yeah, yeah, yeah. Is that what you're doing with it? Yeah. Yeah. And you're on the ship
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  going, oh, is the storm actually the boat might get through the storm? Oh, but the captain's just
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  jumping off. I'm going to go with the captain. You know, you're kind of deciding. But he hasn't
• 15:33
  abandoned his entire portfolio. So it's almost like, yeah, it's a less dramatic example of that,
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  right? Yeah. Because I guess the reason I'm asking if it happens all the time or if it's kind
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  of an anomaly is he has such a massive amount investors. Sometimes when I hear news like this,
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  I struggle to understand what to like take from it. I'd use another way of looking at it. It would
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  be like if a founder sold a small amount of stock that they owned, saying they owned a whole lot
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  of stock in a company that they founded and they decided to sell a small amount. You'd be like,
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  okay, that's fine. If they sold a bigger amount or continued to keep selling small amounts,
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  you'd be like, okay, this is actually something I should sit up and take notice of.
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  So if he was like, if this keeps happening basically over the next few weeks, then maybe it's
• 16:22
  something to be like, oh, what the hell's going on? Yeah, yeah, yeah. But right now it's nothing
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  to be too stressy about. Is that? Yeah, it's something to be aware of, but not to be too.
• 16:30
  Does there have anything to do with the inbox outbreak in Africa and like all of the,
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  I think when I read some of the notes that you'd put in here for the COVID weekly,
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  because I think honestly, when we've had bird flu and all of these, you know,
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  I was always like, not scary. And COVID came around and I was like, not scary. And then it turned
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  into something. And I think because we've now experienced that, seeing all those headlines,
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  I'm like, one thing is, is that maybe does that have anything to do with it? I think, yes,
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  we've got inbox is now outside of Africa. It's in Sweden. It's in Thailand. So it is a bit
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  concerning. I feel like every morning I wake up, it's another country. And so this is not
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  why Warren Buffett is selling, in my opinion. But I think the more countries it spreads to,
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  the more skiers, investors might get and think it is another COVID outbreak. And therefore,
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  maybe they might sign investing in health care stocks. They might not, you know,
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  they might be selling airlines. They might, you know, kind of doing a bit of a reshuffle of their
• 17:35
  portfolios. So it's definitely something to think about. If you're invested in things that are
• 17:39
  thriving because the world is not in a global pandemic, but it looked like it was potentially could
• 17:44
  maybe go for a bit, hit that way. You might want to think about where your money's invested,
• 17:50
  but because we're all so diversified. And if you own there some P500, you've got
• 17:55
  health care companies in there. You've got travel companies in there, unfortunately. But like,
• 17:59
  you know, it's kind of, that's why these P500 is so good because it is so diverse.
• 18:04
  Yeah. I'd love to, I mean, let's keep an eye on that because I think it's a good example of
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  how whether it politics or health, you know, scares all those things create as you talk about,
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  like the idea of uncertainty, people freak out. It means they pull them out. It's a really good
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  reminder, as well, of like, you need to invest in a whole lot of different stocks because you
• 18:26
  can't predict outbreaks like this. And from what it sounds like, we're going to have a world
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  we're going to have more and more of them. Do you know what I mean? Unfortunately, more and more
• 18:36
  diseases and outbreaks and all that. So yeah. Also in Australia, we had really interesting news
• 18:41
  around transparency. Oh, yeah. Now we've been hopping on about how, you know, we need to know
• 18:48
  our value and we need to know our worth. The best way is to have transparency about how much
• 18:53
  your colleagues getting paid, how much is this job that you're applying for? What is the salary
• 18:59
  bracket? You know, so you don't go in and say 50,000 and they're willing to pay you 100,000. And,
• 19:04
  you know, so yeah, just transparency in general and having conversations about money is so
• 19:08
  incredibly important. And this is exactly why? Because in Australia, the gap in earnings,
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  so the gender pay gap essentially are between men and women, this is in full-time work, has fallen
• 19:22
  from, I mean, it's fallen from 12% to 11 and a half. So it's not like, when you say fallen,
• 19:26
  you mean actually the gap's gotten less, which is a good lesson. Yes, yeah, yeah. So this is all
• 19:32
  due to some law that was brought in around transparency, which in specifically in Australia,
• 19:36
  specifically in Australia, that large company, so any company with over 100 or more employees
• 19:43
  has to publicly report, it's gender pay gap. And so that's embarrassing. Yeah. And so good.
• 19:51
  Yeah. So you can see across big banks, the difference. You can see across big oil and gas companies
• 19:57
  or retailers or anything like that. Yeah. And so they're saying this is what's driven the last
• 20:04
  four six-monthly periods, so they do it every six months. So the last four times, there's been
• 20:11
  a drop in that in that gap, so a reduction in that gap. And they're saying it's all because of this
• 20:16
  policy that was brought in in February. That's amazing. Yeah. So I think like, I don't know,
• 20:21
  I love the idea of making companies take responsibility for that kind of thing, because
• 20:26
  it can go. But also I noticed for a long time, totally. And also like, they probably didn't even
• 20:31
  know how bad it was until you start actually measuring it and reporting it. And then you're like,
• 20:36
  shit. And it also just encourages companies to do better. I feel like ignorance could be
• 20:41
  blessings in this sense and the fact that they actually have to publicly report it. And now
• 20:46
  investors can compare, you know, if you were comparing, say, four large banks, you'd be like,
• 20:52
  well, hang on, I NZ is this and Westpac is this. You'd be like, Westpac, why don't you
• 20:57
  clean up your act and get in line with what they are? You can see who's falling behind. You can see
• 21:02
  also like just the world of social media, how much people get canceled. There's a social
• 21:06
  responsibility, especially if it's public, because everyone knows about it. And you don't want to be
• 21:11
  the one that's like a million miles behind everyone else and not paying people what they deserve.
• 21:16
  It's going to be pressure from an investor, not an investor standpoint. I'd be like, well,
• 21:19
  I don't want to invest in this company because it's gender pay gap is so bad. But also from
• 21:25
  hiring employees as a female employee, I don't want to work somewhere where
• 21:29
  men are getting paid on average $300 a week more than I am.
• 21:34
  Oh, what the hell. I know. Also some other a little headline I read, which was quite funny,
• 21:39
  was on dating apps now, people are cutting right to the chase and putting their credit
• 21:45
  scores on the end. But isn't are they choosing to put them on the, or they are asking someone else
• 21:49
  when they're talking to them what their credit score is? Both. Yeah. Just to like lay it out right.
• 21:54
  I'm just like, wild. Yeah. So a credit score is like, it's quite, it's a lot more common in the US,
• 22:01
  but they aren't everywhere. Is that credit score? It's like a three-digit number that indicates
• 22:05
  kind of how likely you are to put your bills on time, really. So if you, no one will date me.
• 22:11
  Can you imagine? Fuck. And yeah, it's based on your credit history. So any money you've borrowed
• 22:18
  and any money that you haven't repaid or your repayment history, if you've skipped a few bills,
• 22:22
  your debts, all of that. So shows how much credit you're using as well. So it gives it all
• 22:27
  round indication of like, or how much in debt they are. Do you think there's a, I mean, like,
• 22:32
  I'm all for the transferancy, but isn't the whole point of dating in 2024, the idea that we want
• 22:40
  to be able to send on our own to financial feed. And therefore, how relevant or like, how important
• 22:47
  is that to be one of the first conversations you're having when you first meet or talk to someone?
• 22:51
  Like, I mean, there's dating apps that you're straight out there telling what, like,
• 22:56
  six position you're like, what? What apps that? Oh, yeah. Have you been on that? No.
• 23:01
  Don't be like, no, no, no, but it's different. Like, you know, why is that different?
• 23:06
  Yeah, because I think sex and money, it's like, why are we not talking about these things
• 23:11
  straight-ups about it? Yeah, I know, but I would want to know if someone was like terrible
• 23:15
  at paying their debt and was getting into more and more issues in terms of, had debt collectors
• 23:21
  following them, I'd want to know. And also, why can't you afford to pay your debt? Why are you so
• 23:26
  bad at paying debt? I don't care that you have debt because I have a lot of debt. I've also got
• 23:30
  a lot of assets. So there's an explanation for the debt, but if I'm shut it, paying it off,
• 23:35
  that's going to get me into a lot of financial stress and strife. And if I have a partner,
• 23:40
  and we're trying to achieve the same financial goals and there's spending on stuff that doesn't align
• 23:45
  or they've got a whole lot of outstanding bills. And I mean, yeah, there's a certain type of debt
• 23:51
  that I'd be okay with, but I'd want to know. But was you want to know before you got a date with
• 23:54
  someone? Yeah, really. I mean, I wouldn't want to know what sex position someone wants on the first
• 24:01
  date either. That's not what I mean. It's already so superficial and dating apps. But it's creating
• 24:07
  a place for people that do. It's the same with the sex position. It's like, you're creating a
• 24:12
  space for people that do want to do that. There's ones that don't. There's ones that don't even want
• 24:14
  to use dating apps. Do you know? I think it's just creating a lot of... I mean, I'm all for these
• 24:20
  conversations being more common. I just think like there's already... I don't know. You put out your
• 24:25
  height on there. You put out your face like what you look like. I feel like it's still... It's part
• 24:33
  of you. It's just so interesting. It's actually quite funny because we talk a lot about like
• 24:39
  mean tour wellbeing, physical wellbeing on the you talk about. If you go to the gym,
• 24:42
  you do like meditate and blah, blah, blah. You're like drinking, smoking, all that. You're like
• 24:46
  kind of a valid point, actually. I was actually watching... I was watching lovers blind last night.
• 24:53
  And I was crying, like honestly. Like it was... I was in Spain, it's been a way.
• 25:00
  And these people, so lovers blind as you're on the head of the washers, like you don't get to see
• 25:03
  the person. And it's quite crazy. And anyway, I was watching the last one where they married and
• 25:07
  anyway, it was like, they're saying these beautiful things about each other. But I was like,
• 25:11
  with this dating app stuff, it would be like imagine not seeing the person and just seeing all the
• 25:17
  stuff about them, which includes their credit score and then deciding. You know, like,
• 25:22
  imagine if there's a lover, it's blind, but like online edition. It's kind of just dating it,
• 25:27
  if so, isn't it? But you see the person. Do you know what about cases? Yeah. That would be
• 25:32
  weird. But then also it's like, yeah. I also think this, it's a bit of like vulnerability.
• 25:38
  Like it could be quite a beautiful thing as you like, discuss your debt, work through it together
• 25:43
  to achieve the same financial goals. And I agree, people come with different levels of financial
• 25:49
  knowledge, different assets, different income, but I think it's like how you work through those
• 25:53
  together. We did speak to someone, Nicole Haddo a while ago, and she said something on this,
• 25:59
  I reckon we should play a little bit. I think was it from raising the curve 102? Yeah.
• 26:04
  When I met Sam, he was renting and his lease was coming to an end. And, you know, we were in a
• 26:10
  wind romance and he's a treaty and he knew that he could come in and help me with the renovation.
• 26:15
  So he moved in after six weeks. We actually put an agreement in place that he would actually
• 26:21
  clear a small amount of debt that he had before he started contributing. But rather than contributing
• 26:26
  financially, each week he did things to renovate the house. I think the core of any good
• 26:34
  relationship is communication. If you get really good at communicating, you are able to address
• 26:40
  some of those situations where there's a bit of ambiguity and you're not sure where the behaviour
• 26:45
  is coming from. And it gives you an opportunity to improve and work out, you know, exactly what's
• 26:50
  going on with the other person. I would love to work with like, bumble or hinge and do some kind
• 26:58
  of dating and money concept. How fun would that be? Imagine like a lover's blind financial
• 27:03
  addition. And all you could see was like their assets, their income, their expenses, their debt.
• 27:09
  But who would ever, you know, you're not going to be like, oh my god, they're million dollars in debt.
• 27:14
  I want to take them, you know, over like, they would need to workshop the idea. Yeah, yeah,
• 27:19
  we need to workshop that. Okay, I would love to bring one last headline to the table. And I
• 27:25
  need you to explain it. Yeah. All it says is increased healthcare. Americans are getting knees
• 27:31
  in the hip replacements at 40. Like what the actual hell firstly, aren't we meant to be living for longer?
• 27:37
  Yeah. Imagine in five years if we had to get like a hip replacement. And what's, is this,
• 27:43
  is this all because you often have spoken about the trend of like increased healthcare. Yeah.
• 27:48
  And the aging demographic is that what this is all about? It's the fact that the average age
• 27:54
  of you're getting a hip and knee replacement is getting younger and younger. And people used to
• 27:57
  get it in 65 or older, whereas now it's getting much, much younger. And it's all because of like
• 28:02
  high impact sports. Yeah. And people being yes, more active, but probably in the wrong places.
• 28:09
  But also what I was bringing this up for was just the case of like the importance of having
• 28:15
  healthcare. Like if this is the case of people getting hip and knee replacements much younger,
• 28:20
  like there's such an health insurance, you may have health insurance. Yeah. Also just like,
• 28:23
  you never know what's, what's around the corner, health wise. So like, yeah, I have insurance,
• 28:28
  but also have an emergency fund if you, you know, need to get something that's outside of your
• 28:32
  insurance. But yeah, this is why I just having health care health insurance is so incredibly
• 28:37
  important. I guess also you can look in investing in companies that are helping or exactly.
• 28:44
  I don't know, like maybe there's like a new cool knee and hip replacement company that's,
• 28:49
  yeah. And it's also a case of people aren't leaving it as late,
• 28:54
  they're getting it done early because they want a more active lifestyle later than life. So it's
• 28:58
  kind of like, oh, I've got a dodgy knee. It's like, okay, let's get this sorted ASAP because I want to
• 29:03
  live a much healthier lifestyle. So much. Oh gosh, like even sitting here, I'm like, oh,
• 29:09
  my, my back, and you know, it's just sitting the opportunity off. We're getting old literally,
• 29:15
  like literally getting old. Yeah, but I think, yeah, I don't know, I'm kind of, I'm conflicted
• 29:21
  by that headline only because we eat so much more healthy. Well, actually, maybe we don't,
• 29:26
  because there's so much process for. So much process for. Yeah, maybe it's a lie here we
• 29:30
  I'm staring at a pastry that's sitting in the studio that we had for breakfast. Maybe this is not
• 29:33
  true. Yeah. One of the things I wanted to see if anyone was interested in learning more about
• 29:38
  because one of the headlines you put in here, which we won't go into detail on now, because we
• 29:42
  definitely run out of time, but was about, I can say, Kamala Harris and how she's looking at
• 29:48
  increasing the tax rate in the States. I wondered if anyone is interested because we were talking as a
• 29:54
  team in like our planning meeting about taxes and how they impact, you know, like politics and
• 30:02
  society and I don't know, I just, it's kind of a space I don't really totally understand. And I
• 30:08
  think with the election coming up, maybe there's people that are interested in that like
• 30:12
  U.S. election. Yeah, I think we should do a U.S. election special. Maybe we'll put like a little,
• 30:17
  what are they called? Like a poll or something? And I think it's already in Spotify. So if you're
• 30:22
  listening on Spotify, there'll be like a little poll underneath. Can you just let us know if you're
• 30:25
  interested in that? Because if not, we won't. Yeah. We won't bother. Because I think I do think it's
• 30:30
  one of those, it does sound really boring, but I do think it's important to understand. Yeah.
• 30:35
  And I think it's, there's a lot of, the politicians like to say that all their policies are good
• 30:42
  for the environment and the other, you know, the other person is like, no, no, I know. They always
• 30:46
  back each other, but yeah, an actual fact, we'll do a deep dive for you and tell you whether you
• 30:51
  should or shouldn't worry. Just understand a bit more. Yeah. Also, we promised to have naps.
• 30:57
  This week, we're having a very relaxed week, you know, so we come back next week, energetic.
• 31:02
  Yeah. Long weekend this weekend. In the UK. Oh, yeah. What are you doing? Nothing.
• 31:08
  Relaxing. Sleeping. I was waiting for you to say I'm going to that all-poidsies festival. And I was
• 31:13
  like, no, Vic. Oh, you want to. Oh, my god. I killed him. Home by nine, please.
• 31:18
  You can talk. You have one experience in Montana and you're half asleep. No, no, no, no, I'm sorry.
• 31:24
  You don't even know. I love every time. So if drinks was like, I'm not going to drink again.
• 31:28
  You hate it. I just feel so depressed when I stop drinking. If anyone is sober and has been for a
• 31:35
  while, why don't you just do it? I try it. It's really hard. I mean, I'm not even that into it,
• 31:41
  but it's for some reason I just like, tonight, we have me to be having work drinks. I'm like,
• 31:44
  what am I going to get? I'm a lemonade. I wouldn't judge it. I know. I know. It's in your own head.
• 31:51
  Yeah. Okay. Bye. Bye. Thank you so much for listening to The Curve Weekly.
• 31:56
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• 32:00
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• 32:10
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• 32:15
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• 32:19
  See you next Tuesday. Well, see you next Tuesday. I mean Monday.
• 32:33
  Okay, quickly, The Curve was created to empower and educate you about investing, but we are not
• 32:38
  financial advisors. Our platform exists for educational purposes only and it doesn't provide
• 32:43
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• 32:47
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• 32:51
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• 32:56
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• 33:00
  this.