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How to Invest for Financial Freedom - WEBINAR REPLAY · Making Cents

• 0:02
  Welcome.
• 0:02
  Welcome
• 0:03
  to
• 0:03
  this
• 0:03
  very
• 0:03
  special
• 0:04
  live
• 0:04
  edition
• 0:05
  of
• 0:05
  the
• 0:05
  Making
• 0:06
  Sense
• 0:06
  podcast.
• 0:07
  How
• 0:07
  to
• 0:07
  invest
• 0:08
  for
• 0:08
  financial
• 0:09
  freedom.
• 0:09
  Now
• 0:09
  look,
• 0:10
  the
• 0:10
  share
• 0:10
  market
• 0:11
  is
• 0:11
  an
• 0:11
  incredibly
• 0:12
  powerful
• 0:13
  tool
• 0:13
  for
• 0:13
  your
• 0:14
  money.
• 0:14
  It
• 0:14
  can
• 0:14
  help
• 0:15
  you
• 0:15
  earn
• 0:15
  so
• 0:16
  that
• 0:16
  you
• 0:16
  don't
• 0:16
  have
• 0:16
  to
• 0:16
  work
• 0:17
  every
• 0:17
  day
• 0:17
  until
• 0:17
  you
• 0:17
  die.
• 0:18
  It
• 0:18
  also
• 0:19
  doesn't
• 0:19
  have
• 0:19
  to
• 0:19
  be
• 0:20
  that
• 0:20
  complicated.
• 0:20
  There
• 0:21
  are
• 0:21
  really
• 0:21
  powerful
• 0:22
  ways
• 0:22
  to
• 0:22
  invest
• 0:23
  that
• 0:23
  are
• 0:24
  also
• 0:24
  really
• 0:24
  simple
• 0:25
  ways
• 0:26
  to
• 0:26
  invest.
• 0:27
  And
• 0:27
  if
• 0:27
  you
• 0:28
  want
• 0:28
  to
• 0:28
  build
• 0:28
  financial
• 0:29
  freedom,
• 0:30
  investing
• 0:30
  is
• 0:31
  a
• 0:31
  key
• 0:31
  part
• 0:32
  of
• 0:32
  that.
• 0:32
  So
• 0:32
  we
• 0:32
  need
• 0:32
  to
• 0:33
  understand
• 0:33
  what
• 0:34
  financial
• 0:34
  freedom
• 0:35
  is
• 0:35
  to
• 0:35
  us
• 0:36
  and
• 0:36
  how
• 0:37
  investing
• 0:37
  works
• 0:38
  as
• 0:39
  part
• 0:39
  of
• 0:39
  that.
• 0:40
  How
• 0:40
  can
• 0:40
  you
• 0:41
  use
• 0:41
  money
• 0:42
  to
• 0:42
  build
• 0:42
  a
• 0:42
  life
• 0:43
  that
• 0:43
  you
• 0:43
  love
• 0:44
  with
• 0:45
  the
• 0:45
  least
• 0:45
  amount
• 0:45
  of
• 0:45
  effort
• 0:46
  as
• 0:46
  a
• 0:47
  normal
• 0:47
  person
• 0:48
  with
• 0:48
  a
• 0:48
  normal
• 0:49
  income?
• 0:49
  Yes,
• 0:49
  it
• 0:50
  can
• 0:50
  be
• 0:50
  done.
• 0:51
  We're
• 0:51
  going
• 0:51
  to
• 0:51
  lay
• 0:52
  out
• 0:52
  those
• 0:52
  strategies
• 0:53
  today.
• 0:54
  Don't
• 0:54
  forget,
• 0:54
  you
• 0:55
  can
• 0:55
  drop
• 0:55
  your
• 0:55
  questions
• 0:55
  in.
• 0:56
  That
• 0:56
  is
• 0:56
  why
• 0:56
  we're
• 0:57
  live,
• 0:57
  so
• 0:57
  that
• 0:57
  your
• 0:58
  burning
• 0:58
  questions
• 0:59
  can
• 0:59
  be
• 0:59
  answered.
• 1:00
  So
• 1:00
  sound
• 1:01
  off
• 1:01
  in
• 1:01
  the
• 1:01
  comments.
• 1:02
  Let's
• 1:02
  talk
• 1:03
  about
• 1:03
  it
• 1:03
  important
• 1:04
  as
• 1:04
  well.
• 1:04
  Hit
• 1:05
  subscribe
• 1:05
  wherever
• 1:06
  you're
• 1:06
  listening
• 1:06
  so
• 1:07
  that
• 1:07
  if
• 1:07
  life
• 1:07
  intervenes,
• 1:08
  you
• 1:08
  have
• 1:09
  to
• 1:09
  go.
• 1:09
  You
• 1:10
  can
• 1:10
  come
• 1:10
  back
• 1:10
  and
• 1:11
  listen
• 1:11
  to
• 1:11
  this
• 1:12
  when
• 1:12
  you
• 1:12
  have
• 1:13
  more
• 1:13
  time.
• 1:13
  Don't
• 1:14
  forget,
• 1:14
  Making
• 1:14
  Sense
• 1:15
  is
• 1:15
  on
• 1:16
  YouTube.
• 1:16
  Also
• 1:17
  Apple
• 1:17
  Podcasts
• 1:17
  and
• 1:18
  Spotify.
• 1:18
  Spotify.
• 1:19
  So
• 1:19
  you
• 1:19
  can
• 1:19
  subscribe
• 1:20
  wherever
• 1:20
  works
• 1:21
  for
• 1:21
  you
• 1:21
  there.
• 1:22
  Listen
• 1:22
  back
• 1:22
  when
• 1:23
  works
• 1:23
  for
• 1:23
  you.
• 1:24
  Now.
• 1:24
  Before
• 1:25
  we
• 1:25
  get
• 1:25
  properly
• 1:25
  into
• 1:25
  this,
• 1:26
  it's
• 1:26
  important,
• 1:27
  slightly
• 1:27
  boring,
• 1:28
  but
• 1:28
  really
• 1:28
  important.
• 1:29
  Quick
• 1:29
  disclaimer.
• 1:30
  This
• 1:30
  is
• 1:30
  not
• 1:30
  cannot
• 1:31
  be
• 1:32
  individual
• 1:32
  financial
• 1:33
  advice.
• 1:33
  Everything
• 1:34
  we
• 1:34
  talk
• 1:34
  about
• 1:34
  here
• 1:35
  is
• 1:35
  general
• 1:35
  information.
• 1:36
  From
• 1:37
  there,
• 1:37
  you
• 1:37
  will
• 1:37
  need
• 1:38
  to
• 1:38
  adapt
• 1:38
  it
• 1:38
  to
• 1:38
  your
• 1:38
  own
• 1:39
  individual
• 1:39
  financial
• 1:40
  situation.
• 1:41
  If
• 1:41
  you
• 1:41
  would
• 1:41
  like
• 1:41
  someone
• 1:42
  to
• 1:42
  give
• 1:42
  you
• 1:42
  individual
• 1:43
  financial
• 1:43
  advice,
• 1:44
  a
• 1:44
  financial
• 1:44
  advisor,
• 1:45
  always
• 1:45
  the
• 1:46
  best
• 1:46
  bet.
• 1:52
  All
• 1:52
  right,
• 1:53
  so
• 1:53
  it's
• 1:53
  time
• 1:54
  to
• 1:54
  introduce
• 1:54
  our
• 1:55
  wonderful
• 1:55
  panelists.
• 1:55
  Today.
• 1:56
  I
• 1:56
  am
• 1:56
  excited
• 1:56
  about
• 1:57
  this
• 1:57
  podcast
• 1:58
  listeners
• 1:58
  will
• 1:59
  know
• 1:59
  both
• 1:59
  of
• 2:00
  them
• 2:00
  and
• 2:01
  we
• 2:01
  always
• 2:02
  have
• 2:02
  the
• 2:02
  best
• 2:02
  time
• 2:03
  talking
• 2:03
  together.
• 2:04
  Now,
• 2:05
  forgive
• 2:05
  me
• 2:05
  because
• 2:05
  I
• 2:06
  am
• 2:06
  both
• 2:06
  host
• 2:07
  and
• 2:08
  technical
• 2:08
  host,
• 2:09
  so
• 2:10
  I
• 2:10
  will
• 2:10
  make
• 2:10
  sure
• 2:10
  that
• 2:11
  I
• 2:11
  am
• 2:11
  doing
• 2:11
  this.
• 2:12
  All
• 2:12
  right,
• 2:12
  and
• 2:13
  we
• 2:13
  come.
• 2:14
  First
• 2:14
  up,
• 2:15
  we
• 2:15
  have
• 2:15
  the
• 2:16
  wonderful
• 2:16
  Bronwyn
• 2:17
  Candish,
• 2:18
  chartered
• 2:18
  accountant
• 2:19
  at
• 2:19
  Sheppard
• 2:19
  and
• 2:20
  Ormsby,
• 2:20
  who
• 2:20
  does
• 2:21
  things
• 2:21
  a
• 2:21
  little
• 2:21
  differently.
• 2:22
  And
• 2:22
  that
• 2:22
  is
• 2:22
  why
• 2:23
  we
• 2:23
  love
• 2:23
  her.
• 2:24
  She
• 2:24
  specializes
• 2:25
  in
• 2:25
  helping
• 2:25
  normal
• 2:26
  people
• 2:26
  who
• 2:26
  want
• 2:27
  financial
• 2:28
  independence.
• 2:29
  And
• 2:29
  she's
• 2:29
  living
• 2:30
  this
• 2:30
  too,
• 2:30
  being
• 2:31
  someone
• 2:31
  who
• 2:31
  is
• 2:31
  well
• 2:32
  down
• 2:32
  the
• 2:32
  path
• 2:33
  to
• 2:33
  building
• 2:33
  her
• 2:34
  own
• 2:34
  financial
• 2:35
  freedom.
• 2:36
  So
• 2:37
  welcome,
• 2:37
  Bronwyn.
• 2:38
  It
• 2:38
  is
• 2:38
  so
• 2:39
  nice
• 2:39
  to
• 2:39
  have
• 2:39
  you
• 2:39
  here.
• 2:39
  Thank
• 2:40
  you
• 2:40
  for
• 2:40
  having
• 2:40
  me.
• 2:41
  Yeah,
• 2:41
  always
• 2:41
  love
• 2:42
  our
• 2:42
  chat.
• 2:42
  Your
• 2:43
  episode,
• 2:43
  absolutely
• 2:44
  cranked.
• 2:44
  So
• 2:44
  for
• 2:44
  anyone
• 2:45
  who
• 2:45
  wants
• 2:45
  more
• 2:45
  of
• 2:45
  Bronwyn
• 2:46
  after
• 2:46
  this,
• 2:46
  go
• 2:47
  back
• 2:47
  and
• 2:47
  look
• 2:47
  for
• 2:47
  her
• 2:47
  in
• 2:47
  the
• 2:47
  episodes
• 2:48
  because
• 2:48
  she's
• 2:48
  brilliant.
• 2:50
  Next
• 2:50
  up,
• 2:50
  Katie
• 2:51
  Wesney,
• 2:51
  national
• 2:52
  coaching
• 2:53
  lead
• 2:53
  At
• 2:53
  Enable
• 2:54
  Me,
• 2:54
  she
• 2:54
  has
• 2:54
  truly
• 2:55
  seen
• 2:55
  every
• 2:56
  financial
• 2:56
  situation
• 2:57
  you
• 2:57
  could
• 2:57
  think
• 2:58
  of.
• 2:58
  Nothing
• 2:58
  surprises
• 2:59
  her.
• 3:00
  And
• 3:00
  she
• 3:00
  has
• 3:00
  got
• 3:00
  the
• 3:01
  tools
• 3:01
  and
• 3:01
  tactics
• 3:02
  for
• 3:02
  every
• 3:03
  situation.
• 3:03
  And,
• 3:04
  of
• 3:04
  course,
• 3:04
  I
• 3:04
  think
• 3:05
  you're
• 3:05
  probably
• 3:05
  our
• 3:05
  most
• 3:06
  popular
• 3:07
  and
• 3:07
  common
• 3:08
  podcast
• 3:08
  guests,
• 3:09
  so
• 3:09
  people
• 3:09
  should
• 3:09
  be
• 3:09
  well
• 3:10
  used
• 3:10
  to
• 3:10
  you.
• 3:10
  Hi,
• 3:11
  Katie.
• 3:11
  Welcome.
• 3:12
  Hello.
• 3:12
  I
• 3:13
  love
• 3:13
  our
• 3:13
  chats.
• 3:14
  Looking
• 3:14
  forward
• 3:15
  to
• 3:15
  this.
• 3:15
  I
• 3:15
  know
• 3:16
  they're
• 3:16
  always
• 3:16
  the
• 3:17
  best.
• 3:17
  They
• 3:17
  really
• 3:17
  are.
• 3:18
  All
• 3:18
  right,
• 3:18
  welcome
• 3:19
  to
• 3:19
  you
• 3:19
  both.
• 3:19
  Thank
• 3:20
  you
• 3:20
  so
• 3:20
  much
• 3:20
  for
• 3:20
  coming
• 3:20
  on.
• 3:21
  Look,
• 3:21
  Bronwyn,
• 3:22
  we're
• 3:22
  going
• 3:22
  to
• 3:22
  start
• 3:22
  with
• 3:22
  you
• 3:23
  because
• 3:23
  you
• 3:23
  are
• 3:24
  someone
• 3:24
  who's
• 3:24
  living
• 3:25
  this.
• 3:25
  You've
• 3:25
  been
• 3:26
  exactly
• 3:27
  where
• 3:27
  so
• 3:28
  many
• 3:28
  of
• 3:28
  our
• 3:28
  audience
• 3:29
  are
• 3:29
  now.
• 3:29
  So,
• 3:30
  first
• 3:30
  of
• 3:30
  all,
• 3:31
  when
• 3:31
  did
• 3:31
  you
• 3:32
  first
• 3:32
  hear
• 3:32
  about
• 3:32
  financial
• 3:33
  freedom?
• 3:33
  What
• 3:34
  does
• 3:34
  it
• 3:34
  mean
• 3:34
  to
• 3:34
  you?
• 3:35
  So
• 3:35
  I
• 3:35
  kind
• 3:36
  of
• 3:36
  came
• 3:36
  into
• 3:36
  the
• 3:36
  movement.
• 3:37
  I
• 3:37
  discovered
• 3:37
  the
• 3:37
  fire
• 3:38
  movement.
• 3:38
  So
• 3:38
  financial
• 3:39
  independence,
• 3:40
  retire
• 3:40
  early,
• 3:41
  just
• 3:41
  after
• 3:41
  a
• 3:41
  divorce.
• 3:42
  I
• 3:42
  was
• 3:42
  like,
• 3:43
  I
• 3:43
  need
• 3:43
  to
• 3:43
  do
• 3:43
  better
• 3:44
  with
• 3:44
  my
• 3:44
  money.
• 3:44
  I
• 3:44
  can't
• 3:45
  blame
• 3:45
  it
• 3:45
  on
• 3:45
  him
• 3:45
  anymore,
• 3:47
  so
• 3:47
  take
• 3:47
  some
• 3:48
  responsibility.
• 3:49
  So
• 3:49
  I
• 3:49
  went
• 3:49
  down
• 3:49
  a
• 3:49
  bit
• 3:49
  of
• 3:49
  a
• 3:50
  rabbit
• 3:50
  hole
• 3:50
  and
• 3:51
  tried
• 3:51
  to
• 3:51
  educate
• 3:51
  myself.
• 3:52
  But
• 3:52
  for
• 3:52
  me,
• 3:52
  it
• 3:53
  just
• 3:53
  meant
• 3:53
  autonomy.
• 3:54
  Right.
• 3:54
  Like,
• 3:54
  it
• 3:54
  means
• 3:55
  a
• 3:55
  way
• 3:55
  that
• 3:55
  I
• 3:55
  could
• 3:55
  choose
• 3:56
  to
• 3:56
  live
• 3:56
  my
• 3:56
  life,
• 3:56
  whether
• 3:57
  I'm
• 3:57
  work
• 3:57
  optional
• 3:58
  and
• 3:58
  that
• 3:58
  kind
• 3:59
  of
• 3:59
  thing
• 3:59
  where
• 3:59
  I
• 4:00
  live,
• 4:00
  that
• 4:00
  sort
• 4:00
  of
• 4:00
  stuff.
• 4:01
  And
• 4:01
  so
• 4:01
  it
• 4:01
  was
• 4:01
  just
• 4:02
  all
• 4:02
  about
• 4:02
  autonomy
• 4:02
  and
• 4:03
  control
• 4:03
  over
• 4:03
  my
• 4:04
  own
• 4:04
  life.
• 4:05
  Yeah,
• 4:05
  yeah,
• 4:05
  absolutely.
• 4:06
  And
• 4:07
  I
• 4:07
  think
• 4:07
  that
• 4:08
  idea
• 4:08
  of
• 4:08
  the
• 4:08
  autonomy
• 4:09
  and
• 4:09
  control
• 4:09
  is
• 4:10
  also
• 4:10
  something
• 4:10
  that
• 4:11
  really
• 4:11
  resonates
• 4:12
  for
• 4:12
  me.
• 4:13
  I
• 4:13
  think
• 4:13
  money
• 4:13
  is
• 4:13
  an
• 4:13
  amazing
• 4:14
  tool
• 4:15
  for
• 4:15
  building
• 4:15
  that.
• 4:16
  You
• 4:16
  are,
• 4:17
  of
• 4:17
  course,
• 4:17
  also
• 4:17
  a
• 4:17
  chartered
• 4:18
  accountant,
• 4:18
  Bronwyn.
• 4:19
  You
• 4:19
  are
• 4:19
  not
• 4:19
  only
• 4:20
  pursuing
• 4:20
  financial
• 4:20
  freedom
• 4:21
  for
• 4:21
  yourself,
• 4:22
  you
• 4:22
  advise
• 4:22
  a
• 4:23
  lot
• 4:23
  of
• 4:23
  clients
• 4:23
  on
• 4:23
  how
• 4:24
  to
• 4:24
  structure
• 4:24
  their
• 4:25
  financial
• 4:25
  life
• 4:26
  to
• 4:26
  build
• 4:26
  this
• 4:26
  type
• 4:27
  of
• 4:27
  financial
• 4:27
  freedom,
• 4:27
  too.
• 4:28
  What
• 4:28
  do
• 4:29
  you
• 4:29
  think
• 4:29
  is
• 4:29
  the
• 4:29
  starting
• 4:30
  point
• 4:30
  for
• 4:31
  a
• 4:31
  lot
• 4:31
  of
• 4:31
  people?
• 4:33
  A
• 4:33
  lot
• 4:33
  of
• 4:33
  my
• 4:33
  clients
• 4:33
  are
• 4:33
  getting
• 4:34
  this
• 4:34
  advice,
• 4:34
  whether
• 4:34
  they
• 4:35
  were
• 4:35
  ready
• 4:35
  for
• 4:35
  it
• 4:35
  or
• 4:35
  not.
• 4:36
  Right.
• 4:37
  Whether
• 4:37
  they
• 4:37
  signed
• 4:38
  up
• 4:38
  for
• 4:38
  that
• 4:38
  or
• 4:38
  not,
• 4:38
  they're
• 4:38
  like,
• 4:39
  I
• 4:39
  thought
• 4:39
  we
• 4:39
  were
• 4:39
  just
• 4:39
  here,
• 4:39
  talk
• 4:40
  about
• 4:40
  tax.
• 4:40
  Right?
• 4:41
  But
• 4:41
  we
• 4:42
  always
• 4:42
  go
• 4:42
  that
• 4:42
  one
• 4:42
  step
• 4:43
  further.
• 4:43
  And
• 4:44
  I
• 4:44
  think
• 4:44
  for
• 4:44
  a
• 4:44
  lot
• 4:44
  of
• 4:45
  people,
• 4:45
  they
• 4:45
  start
• 4:45
  with
• 4:45
  sort
• 4:46
  of
• 4:46
  taking
• 4:46
  stock,
• 4:46
  like,
• 4:47
  so
• 4:48
  where
• 4:48
  are
• 4:48
  we
• 4:48
  now?
• 4:48
  What's
• 4:49
  our
• 4:49
  financial
• 4:49
  position?
• 4:50
  What's
• 4:50
  our
• 4:50
  net
• 4:50
  wealth?
• 4:50
  Like?
• 4:51
  Some
• 4:51
  people
• 4:51
  don't
• 4:52
  know
• 4:52
  what
• 4:52
  their
• 4:52
  net
• 4:52
  wealth
• 4:53
  is.
• 4:53
  So
• 4:53
  being
• 4:53
  able
• 4:54
  to
• 4:54
  calculate
• 4:54
  that,
• 4:54
  figuring
• 4:55
  that
• 4:55
  out,
• 4:55
  and
• 4:55
  then
• 4:55
  being
• 4:56
  able
• 4:56
  to
• 4:56
  decide
• 4:57
  what
• 4:57
  the
• 4:57
  gap
• 4:57
  is
• 4:58
  between
• 4:58
  where
• 4:58
  they
• 4:58
  are
• 4:59
  and
• 4:59
  where
• 4:59
  they
• 4:59
  would
• 4:59
  like
• 4:59
  to
• 5:00
  be.
• 5:00
  Right.
• 5:00
  And
• 5:00
  just
• 5:01
  slowly
• 5:01
  trying
• 5:01
  to
• 5:01
  move
• 5:01
  towards
• 5:02
  closing
• 5:02
  that
• 5:02
  gap.
• 5:03
  Yeah,
• 5:04
  yeah,
• 5:04
  100%.
• 5:05
  Kane,
• 5:06
  what
• 5:06
  about
• 5:06
  you?
• 5:06
  I
• 5:07
  think
• 5:07
  financial
• 5:07
  freedom
• 5:08
  can
• 5:08
  mean
• 5:08
  different
• 5:08
  things
• 5:09
  to
• 5:09
  different
• 5:09
  people.
• 5:09
  When
• 5:10
  you
• 5:10
  talk
• 5:10
  to
• 5:10
  clients,
• 5:11
  how
• 5:12
  many
• 5:12
  of
• 5:12
  them
• 5:13
  bring
• 5:13
  up
• 5:13
  the
• 5:14
  idea
• 5:14
  of
• 5:14
  Financial
• 5:15
  freedom.
• 5:15
  And
• 5:15
  what
• 5:15
  does
• 5:16
  that
• 5:16
  usually
• 5:16
  entail?
• 5:17
  Yeah,
• 5:18
  and
• 5:18
  most
• 5:19
  people
• 5:20
  talk
• 5:20
  about
• 5:20
  the
• 5:21
  concept,
• 5:21
  not
• 5:22
  necessarily
• 5:22
  the
• 5:23
  exact
• 5:23
  phrase,
• 5:24
  and
• 5:26
  I
• 5:26
  think
• 5:26
  they're
• 5:26
  describing,
• 5:27
  like,
• 5:27
  some
• 5:28
  kind
• 5:28
  of
• 5:28
  version
• 5:28
  of
• 5:29
  it,
• 5:29
  which
• 5:30
  comes
• 5:30
  down
• 5:30
  to,
• 5:31
  in
• 5:31
  my
• 5:31
  mind,
• 5:32
  just
• 5:32
  having
• 5:33
  more
• 5:33
  choice
• 5:34
  and
• 5:34
  more
• 5:35
  security,
• 5:36
  so
• 5:36
  kind
• 5:37
  of
• 5:37
  less
• 5:38
  background
• 5:39
  worry
• 5:39
  about
• 5:40
  money.
• 5:41
  And
• 5:41
  I
• 5:41
  have
• 5:41
  a
• 5:42
  really
• 5:42
  good
• 5:42
  example.
• 5:42
  I
• 5:43
  had
• 5:43
  an
• 5:43
  awesome
• 5:44
  client
• 5:44
  come
• 5:44
  to
• 5:44
  see
• 5:45
  me
• 5:45
  recently
• 5:46
  in
• 5:46
  actually
• 5:47
  a
• 5:47
  really
• 5:47
  strong
• 5:48
  position.
• 5:49
  Good
• 5:49
  saver,
• 5:50
  worked
• 5:50
  incredibly
• 5:51
  hard,
• 5:52
  just
• 5:52
  so
• 5:53
  sensible.
• 5:54
  And
• 5:54
  all
• 5:55
  she
• 5:55
  wanted
• 5:55
  to
• 5:56
  do
• 5:56
  in
• 5:56
  her
• 5:56
  early
• 5:57
  50s
• 5:57
  is
• 5:58
  to
• 5:58
  drop
• 5:58
  one
• 5:59
  day
• 5:59
  of
• 5:59
  work.
• 6:00
  And
• 6:01
  on
• 6:01
  paper,
• 6:02
  worked.
• 6:03
  It
• 6:03
  worked
• 6:04
  so
• 6:04
  easily.
• 6:05
  But
• 6:06
  emotionally
• 6:06
  she
• 6:07
  was
• 6:07
  feeling
• 6:07
  really
• 6:07
  guilty
• 6:08
  about
• 6:08
  it,
• 6:09
  like
• 6:09
  she
• 6:09
  just
• 6:10
  hadn't
• 6:10
  earned
• 6:11
  that
• 6:11
  privilege
• 6:12
  yet.
• 6:13
  But
• 6:13
  once
• 6:14
  she
• 6:15
  had
• 6:15
  a
• 6:15
  plan
• 6:16
  and
• 6:17
  she
• 6:17
  could
• 6:17
  see
• 6:18
  the
• 6:18
  numbers
• 6:18
  around
• 6:18
  it,
• 6:19
  like
• 6:20
  it
• 6:20
  absolutely
• 6:20
  wasn't
• 6:21
  reckless,
• 6:21
  like
• 6:22
  that's
• 6:22
  the
• 6:22
  thing
• 6:22
  that
• 6:22
  she
• 6:23
  was
• 6:23
  working
• 6:23
  towards.
• 6:24
  And
• 6:25
  I
• 6:25
  think
• 6:25
  that's
• 6:25
  really
• 6:26
  good
• 6:26
  evidence
• 6:27
  of
• 6:28
  financial
• 6:28
  freedom
• 6:29
  in
• 6:29
  real
• 6:30
  life.
• 6:30
  Like,
• 6:30
  for
• 6:31
  some
• 6:31
  people,
• 6:31
  it's
• 6:31
  not
• 6:32
  always
• 6:32
  kind
• 6:33
  of
• 6:33
  stopping
• 6:33
  work,
• 6:33
  but
• 6:34
  it's
• 6:34
  having
• 6:35
  more
• 6:35
  choice
• 6:36
  around
• 6:36
  how
• 6:36
  work
• 6:37
  kind
• 6:37
  of
• 6:37
  fits
• 6:37
  in
• 6:38
  with
• 6:38
  your
• 6:38
  life
• 6:38
  almost.
• 6:40
  I
• 6:40
  think
• 6:40
  that's
• 6:41
  so
• 6:41
  true.
• 6:41
  The
• 6:41
  way
• 6:42
  that
• 6:42
  you
• 6:42
  can
• 6:42
  use
• 6:43
  money.
• 6:43
  It's
• 6:43
  that
• 6:43
  old
• 6:44
  saying,
• 6:44
  right?
• 6:45
  That
• 6:45
  money
• 6:46
  itself
• 6:46
  isn't
• 6:47
  important,
• 6:47
  but
• 6:47
  it
• 6:47
  impacts
• 6:48
  everything
• 6:48
  that
• 6:49
  is.
• 6:49
  And
• 6:50
  so
• 6:50
  often
• 6:50
  designing
• 6:51
  the
• 6:51
  life
• 6:51
  that
• 6:51
  you
• 6:51
  want
• 6:52
  does
• 6:52
  come
• 6:52
  down
• 6:53
  to
• 6:54
  financial
• 6:54
  decisions,
• 6:55
  but
• 6:55
  then
• 6:55
  also
• 6:55
  having
• 6:56
  the
• 6:56
  mindset
• 6:56
  ready
• 6:57
  to
• 6:57
  embrace
• 6:58
  those
• 6:58
  necessary
• 6:59
  financial
• 6:59
  decisions.
• 7:00
  Right?
• 7:01
  100%,
• 7:01
  yeah.
• 7:02
  So
• 7:02
  important,
• 7:03
  because
• 7:03
  actually
• 7:04
  we're
• 7:04
  all
• 7:04
  just
• 7:04
  trying
• 7:05
  to
• 7:05
  live
• 7:05
  the
• 7:05
  best
• 7:05
  version
• 7:05
  of
• 7:06
  our
• 7:06
  life.
• 7:06
  And
• 7:07
  I
• 7:07
  think
• 7:07
  being
• 7:07
  in
• 7:08
  control
• 7:08
  of
• 7:08
  your
• 7:08
  money
• 7:08
  really
• 7:09
  does
• 7:09
  help
• 7:09
  facilitate
• 7:10
  that.
• 7:10
  Yeah,
• 7:11
  100%.
• 7:12
  I
• 7:12
  would
• 7:12
  love
• 7:13
  to
• 7:13
  hear
• 7:13
  from
• 7:13
  people
• 7:13
  in
• 7:13
  the
• 7:13
  comments,
• 7:14
  actually,
• 7:14
  for
• 7:15
  everyone
• 7:15
  who's
• 7:15
  tuning
• 7:15
  into
• 7:16
  this
• 7:16
  webinar,
• 7:16
  obviously
• 7:17
  that
• 7:17
  means
• 7:18
  that
• 7:18
  the
• 7:18
  idea
• 7:18
  of
• 7:18
  financial
• 7:19
  freedom
• 7:19
  is
• 7:19
  of
• 7:20
  interest
• 7:20
  to
• 7:20
  you.
• 7:21
  And
• 7:21
  I
• 7:21
  would
• 7:21
  love
• 7:21
  people
• 7:22
  to
• 7:22
  drop
• 7:22
  in
• 7:22
  the
• 7:22
  comments
• 7:23
  what
• 7:23
  financial
• 7:24
  freedom
• 7:24
  is
• 7:25
  to
• 7:25
  you
• 7:26
  and
• 7:26
  what
• 7:26
  you
• 7:27
  would
• 7:27
  like
• 7:27
  to
• 7:27
  achieve
• 7:28
  with
• 7:28
  your
• 7:28
  version
• 7:28
  of
• 7:28
  financial
• 7:29
  freedom.
• 7:29
  First
• 7:29
  of
• 7:29
  all,
• 7:29
  it's
• 7:30
  just
• 7:30
  so
• 7:30
  interesting
• 7:30
  when
• 7:31
  we
• 7:31
  share
• 7:31
  these
• 7:31
  things
• 7:31
  with
• 7:31
  each
• 7:32
  other,
• 7:32
  but
• 7:32
  also
• 7:32
  we
• 7:33
  can
• 7:33
  tailor
• 7:33
  a
• 7:33
  little
• 7:33
  bit
• 7:33
  of
• 7:34
  this
• 7:34
  discussion
• 7:34
  as
• 7:35
  things
• 7:35
  come
• 7:35
  up
• 7:36
  there.
• 7:36
  So
• 7:36
  that
• 7:36
  would
• 7:36
  be
• 7:37
  great.
• 7:37
  Drop
• 7:37
  it
• 7:37
  in
• 7:37
  the
• 7:37
  comments.
• 7:38
  Katie,
• 7:39
  when
• 7:39
  someone
• 7:40
  starts
• 7:41
  investing
• 7:42
  with
• 7:42
  the
• 7:42
  idea
• 7:43
  of
• 7:43
  financial
• 7:44
  freedom,
• 7:45
  how
• 7:45
  is
• 7:45
  that
• 7:46
  different
• 7:46
  from
• 7:46
  other
• 7:47
  investing
• 7:47
  plans
• 7:48
  you
• 7:48
  might
• 7:48
  put
• 7:48
  together?
• 7:49
  I
• 7:50
  think
• 7:50
  it's
• 7:50
  not
• 7:50
  just
• 7:51
  about
• 7:52
  chasing
• 7:53
  returns.
• 7:54
  I
• 7:54
  think
• 7:55
  it's
• 7:55
  really
• 7:56
  about
• 7:58
  matching
• 7:58
  the
• 7:58
  investment
• 7:59
  strategy
• 7:59
  to
• 8:00
  someone's
• 8:00
  life,
• 8:01
  the
• 8:02
  timeframe
• 8:02
  they
• 8:03
  have,
• 8:03
  their
• 8:03
  cash
• 8:03
  flow,
• 8:04
  their
• 8:04
  risk,
• 8:05
  and
• 8:05
  their
• 8:05
  need
• 8:06
  for
• 8:06
  flexibility.
• 8:08
  That
• 8:08
  is
• 8:08
  the
• 8:08
  anchor
• 8:09
  point
• 8:09
  in
• 8:09
  terms
• 8:10
  of
• 8:10
  strategy.
• 8:11
  And
• 8:12
  I
• 8:12
  was
• 8:12
  thinking
• 8:12
  about
• 8:13
  how
• 8:14
  I
• 8:14
  could
• 8:14
  kind
• 8:15
  of
• 8:15
  describe
• 8:16
  this
• 8:16
  and
• 8:17
  the
• 8:18
  best
• 8:18
  way
• 8:18
  I
• 8:18
  know
• 8:18
  how
• 8:19
  is.
• 8:20
  So
• 8:20
  I
• 8:20
  had,
• 8:21
  I
• 8:21
  saw
• 8:22
  a
• 8:23
  26
• 8:23
  year
• 8:23
  old
• 8:24
  probably
• 8:25
  a
• 8:26
  wee
• 8:26
  while
• 8:26
  ago
• 8:26
  now.
• 8:27
  But
• 8:27
  he
• 8:27
  came
• 8:28
  and
• 8:28
  he
• 8:28
  said
• 8:28
  to
• 8:29
  me,
• 8:30
  I'm
• 8:30
  tired,
• 8:31
  I
• 8:31
  don't
• 8:32
  care
• 8:32
  about
• 8:32
  budgeting,
• 8:33
  I
• 8:33
  just
• 8:34
  want
• 8:34
  to
• 8:34
  know
• 8:34
  how
• 8:35
  to
• 8:35
  invest.
• 8:36
  And
• 8:36
  obviously
• 8:37
  I
• 8:37
  was
• 8:37
  hardcore
• 8:37
  relating,
• 8:38
  feeling
• 8:38
  exhausted
• 8:41
  and
• 8:41
  I
• 8:41
  think
• 8:41
  for
• 8:42
  lots
• 8:42
  of
• 8:42
  people
• 8:43
  investing
• 8:43
  it
• 8:44
  almost
• 8:44
  sounds
• 8:45
  like
• 8:45
  it's
• 8:46
  an
• 8:46
  escape
• 8:47
  hatch.
• 8:48
  But
• 8:48
  you
• 8:49
  have
• 8:49
  to
• 8:49
  have
• 8:49
  something
• 8:50
  to
• 8:50
  invest
• 8:51
  in
• 8:51
  first.
• 8:52
  And
• 8:52
  I
• 8:52
  think
• 8:53
  getting
• 8:53
  that
• 8:53
  fundamental
• 8:54
  foundation
• 8:55
  right.
• 8:56
  To
• 8:56
  have
• 8:56
  more
• 8:57
  freedom
• 8:58
  is
• 8:58
  just
• 8:58
  so
• 8:58
  important.
• 9:00
  And
• 9:00
  in
• 9:01
  my
• 9:01
  mind,
• 9:01
  and
• 9:01
  I
• 9:01
  think
• 9:01
  Bronwyn
• 9:02
  would
• 9:02
  agree
• 9:02
  with
• 9:02
  this
• 9:03
  cash
• 9:03
  flow,
• 9:04
  it's
• 9:04
  not
• 9:05
  the
• 9:06
  boring
• 9:06
  bit
• 9:07
  before
• 9:08
  the
• 9:08
  real
• 9:08
  work.
• 9:09
  It's
• 9:09
  actually
• 9:09
  the
• 9:10
  engine
• 9:10
  that
• 9:10
  drives
• 9:11
  everything
• 9:11
  and
• 9:12
  that
• 9:12
  actually
• 9:12
  makes
• 9:13
  investing
• 9:13
  possible.
• 9:14
  Totally.
• 9:15
  And
• 9:16
  again
• 9:16
  you
• 9:16
  have
• 9:16
  to
• 9:16
  kind
• 9:17
  of
• 9:17
  marry
• 9:17
  the
• 9:17
  two
• 9:18
  and
• 9:18
  make
• 9:19
  sure
• 9:19
  that
• 9:19
  the
• 9:19
  strategy
• 9:20
  fits
• 9:20
  your
• 9:20
  goals.
• 9:21
  Really
• 9:21
  important.
• 9:23
  It's
• 9:23
  the
• 9:23
  lifeblood.
• 9:23
  Right.
• 9:25
  I
• 9:25
  think
• 9:26
  that's
• 9:26
  so
• 9:26
  true
• 9:27
  and
• 9:27
  it
• 9:27
  is
• 9:27
  like
• 9:28
  I,
• 9:29
  I
• 9:29
  also
• 9:29
  agree
• 9:30
  with
• 9:30
  that
• 9:30
  and
• 9:30
  I,
• 9:30
  I
• 9:30
  don't
• 9:31
  think
• 9:31
  anyone
• 9:31
  necessarily
• 9:32
  enjoys
• 9:33
  the
• 9:33
  budgeting
• 9:34
  bit.
• 9:34
  That
• 9:34
  is
• 9:35
  always
• 9:35
  the
• 9:35
  bit
• 9:35
  that
• 9:35
  feels
• 9:36
  boring.
• 9:36
  Investing
• 9:37
  feels
• 9:37
  exciting.
• 9:38
  But
• 9:38
  the
• 9:38
  investing
• 9:38
  money
• 9:39
  has
• 9:39
  to
• 9:39
  come
• 9:39
  from
• 9:39
  somewhere.
• 9:41
  So
• 9:41
  we
• 9:41
  will
• 9:42
  absolutely
• 9:43
  dive
• 9:43
  into
• 9:43
  that
• 9:43
  because
• 9:44
  I
• 9:44
  think
• 9:44
  that's
• 9:44
  a
• 9:44
  really
• 9:45
  good
• 9:45
  point.
• 9:45
  You
• 9:45
  raise,
• 9:46
  I
• 9:46
  want
• 9:46
  to
• 9:46
  dive
• 9:47
  into.
• 9:47
  We've
• 9:47
  had
• 9:47
  some
• 9:47
  great
• 9:48
  comments
• 9:48
  come
• 9:48
  through
• 9:48
  already
• 9:49
  from
• 9:49
  people
• 9:49
  saying,
• 9:50
  you
• 9:50
  know,
• 9:50
  what
• 9:51
  financial
• 9:51
  freedom
• 9:51
  is
• 9:52
  to
• 9:52
  them.
• 9:52
  I
• 9:53
  mean
• 9:53
  the
• 9:53
  first
• 9:53
  one,
• 9:53
  I
• 9:54
  couldn't
• 9:54
  identify
• 9:54
  more
• 9:55
  time
• 9:55
  with
• 9:56
  my
• 9:56
  little
• 9:56
  ones
• 9:56
  when
• 9:57
  they're
• 9:57
  still
• 9:57
  little
• 9:59
  same,
• 10:00
  you
• 10:00
  know,.
• 10:01
  Such
• 10:02
  a
• 10:02
  window
• 10:02
  of
• 10:02
  time
• 10:03
  that
• 10:03
  you
• 10:03
  never
• 10:03
  get
• 10:04
  back.
• 10:04
  Never
• 10:05
  100%.
• 10:06
  Yeah.
• 10:07
  I
• 10:07
  think
• 10:07
  that
• 10:07
  seasonality
• 10:08
  and
• 10:09
  those
• 10:09
  nuances
• 10:10
  actually
• 10:10
  have
• 10:11
  to
• 10:11
  be
• 10:11
  built
• 10:11
  into
• 10:11
  someone's
• 10:12
  plan
• 10:13
  as
• 10:13
  well.
• 10:13
  Just
• 10:14
  in
• 10:14
  terms
• 10:14
  of
• 10:15
  energy
• 10:16
  management,
• 10:17
  what
• 10:17
  you're
• 10:17
  leaning
• 10:18
  into
• 10:18
  from
• 10:18
  a
• 10:19
  strategy
• 10:19
  perspective.
• 10:20
  So
• 10:20
  that's
• 10:20
  why
• 10:20
  I
• 10:21
  always
• 10:21
  advocate
• 10:22
  for
• 10:22
  kind
• 10:23
  of
• 10:23
  strategy
• 10:23
  first,
• 10:24
  not
• 10:24
  product.
• 10:25
  And
• 10:25
  I
• 10:25
  think
• 10:25
  that's
• 10:26
  really
• 10:26
  important
• 10:27
  when
• 10:27
  we're
• 10:27
  talking
• 10:27
  about
• 10:28
  investing.
• 10:29
  The
• 10:29
  goal
• 10:30
  generally
• 10:30
  isn't
• 10:31
  I
• 10:31
  want
• 10:31
  to
• 10:31
  buy
• 10:31
  an
• 10:32
  investment
• 10:32
  property
• 10:33
  or
• 10:33
  I
• 10:34
  want
• 10:34
  to
• 10:34
  have
• 10:35
  a
• 10:35
  managed
• 10:35
  fund.
• 10:36
  It's
• 10:36
  actually
• 10:37
  well
• 10:37
  what
• 10:38
  is
• 10:38
  the
• 10:38
  life
• 10:39
  I
• 10:39
  want
• 10:39
  to
• 10:39
  lead
• 10:40
  for
• 10:40
  myself?
• 10:40
  And
• 10:41
  then
• 10:41
  we
• 10:41
  back
• 10:41
  that
• 10:41
  out
• 10:41
  with
• 10:42
  well,
• 10:42
  what
• 10:42
  are
• 10:42
  the
• 10:42
  strategies
• 10:43
  for
• 10:43
  that
• 10:45
  hundred
• 10:45
  percent.
• 10:46
  I
• 10:46
  think
• 10:46
  that's
• 10:47
  so
• 10:47
  good.
• 10:47
  I'm
• 10:48
  going
• 10:48
  to
• 10:48
  rattle
• 10:48
  through
• 10:48
  a
• 10:48
  few
• 10:49
  more
• 10:49
  of
• 10:49
  these
• 10:49
  because
• 10:50
  there's
• 10:50
  some
• 10:50
  great
• 10:50
  one
• 10:52
  saying
• 10:52
  to
• 10:53
  be
• 10:53
  able
• 10:53
  to
• 10:53
  pursue
• 10:53
  hobbies,
• 10:54
  look
• 10:54
  after
• 10:54
  elderly
• 10:55
  parents,
• 10:55
  travel,
• 10:56
  having
• 10:56
  choices.
• 10:57
  I
• 10:57
  think
• 10:58
  that
• 10:58
  having
• 10:58
  choices
• 10:58
  is
• 10:59
  huge.
• 11:00
  Another
• 11:00
  comment
• 11:01
  here,
• 11:01
  generational
• 11:02
  impact,
• 11:02
  being
• 11:03
  able
• 11:03
  to
• 11:03
  help
• 11:03
  families,
• 11:03
  support
• 11:04
  children,
• 11:04
  leave
• 11:05
  assets.
• 11:05
  I
• 11:06
  think
• 11:06
  that's
• 11:06
  a
• 11:06
  really
• 11:06
  common
• 11:07
  thread
• 11:07
  as
• 11:07
  well.
• 11:07
  When
• 11:08
  people,
• 11:08
  it's
• 11:09
  not
• 11:09
  about
• 11:09
  Yourself
• 11:09
  as
• 11:09
  much
• 11:10
  as
• 11:11
  being
• 11:11
  part
• 11:11
  of
• 11:11
  that
• 11:12
  network,
• 11:13
  sustainable
• 11:14
  lifestyle.
• 11:15
  For
• 11:15
  me
• 11:15
  and
• 11:15
  the
• 11:15
  WHNAU
• 11:17
  and
• 11:17
  this
• 11:17
  one,
• 11:18
  I
• 11:18
  think
• 11:18
  this
• 11:18
  is
• 11:18
  huge.
• 11:19
  I'm
• 11:19
  trying
• 11:20
  out
• 11:20
  a
• 11:20
  lower
• 11:20
  paid,
• 11:21
  lower
• 11:21
  stress
• 11:22
  job.
• 11:22
  I
• 11:22
  can
• 11:23
  do
• 11:23
  this
• 11:23
  because
• 11:23
  of
• 11:24
  what
• 11:24
  we
• 11:24
  have
• 11:24
  achieved
• 11:25
  so
• 11:25
  far.
• 11:25
  And
• 11:26
  that
• 11:26
  is
• 11:26
  exactly
• 11:27
  coming
• 11:27
  back
• 11:27
  to
• 11:27
  what
• 11:28
  you
• 11:28
  were
• 11:28
  both
• 11:28
  saying
• 11:28
  earlier
• 11:29
  as
• 11:29
  well,
• 11:29
  right?
• 11:30
  Yeah.
• 11:32
  All
• 11:32
  right,
• 11:32
  so
• 11:33
  there
• 11:33
  we
• 11:33
  go.
• 11:33
  There's
• 11:34
  financial
• 11:34
  freedom
• 11:34
  for
• 11:34
  a
• 11:34
  lot
• 11:34
  of
• 11:35
  people.
• 11:35
  I
• 11:35
  think
• 11:35
  we've
• 11:35
  covered
• 11:35
  a
• 11:36
  lot
• 11:36
  of
• 11:36
  situations
• 11:37
  there.
• 11:37
  Look,
• 11:38
  Bronwyn,
• 11:39
  when
• 11:39
  we're
• 11:40
  wanting
• 11:40
  to
• 11:40
  build
• 11:40
  financial
• 11:41
  freedom,
• 11:42
  why
• 11:42
  do
• 11:42
  you
• 11:43
  think
• 11:43
  investing
• 11:43
  has
• 11:43
  to
• 11:44
  be
• 11:44
  an
• 11:44
  important
• 11:46
  part
• 11:46
  of
• 11:46
  it?
• 11:47
  Why
• 11:47
  is
• 11:47
  that
• 11:47
  an
• 11:47
  important
• 11:48
  part
• 11:48
  of
• 11:48
  the
• 11:48
  journey?
• 11:50
  It's
• 11:50
  incredibly
• 11:51
  important.
• 11:51
  I
• 11:52
  think
• 11:52
  if
• 11:52
  you
• 11:52
  take
• 11:53
  my
• 11:54
  situation
• 11:54
  as
• 11:55
  being
• 11:55
  a
• 11:55
  chartered
• 11:55
  accountant
• 11:56
  and
• 11:56
  charging
• 11:56
  by
• 11:57
  billable
• 11:57
  time,
• 11:57
  there's
• 11:58
  only
• 11:58
  so
• 11:58
  many
• 11:58
  hours
• 11:59
  in
• 11:59
  the
• 11:59
  day
• 11:59
  that
• 11:59
  I
• 12:00
  can
• 12:00
  work.
• 12:00
  And
• 12:00
  even
• 12:00
  if
• 12:01
  I'm
• 12:01
  in
• 12:01
  front
• 12:01
  of
• 12:01
  my
• 12:01
  desk
• 12:02
  for
• 12:02
  22
• 12:03
  hours
• 12:03
  out
• 12:03
  of
• 12:03
  24,
• 12:04
  that
• 12:04
  times
• 12:05
  my
• 12:05
  charge
• 12:05
  out
• 12:05
  rate,
• 12:05
  there's
• 12:06
  a
• 12:06
  maximum
• 12:06
  amount
• 12:06
  of
• 12:07
  money
• 12:07
  that
• 12:07
  I'm
• 12:07
  going
• 12:07
  to
• 12:07
  earn.
• 12:08
  And
• 12:08
  I
• 12:08
  think
• 12:08
  sometimes
• 12:09
  it
• 12:09
  can
• 12:09
  be
• 12:09
  really
• 12:09
  scary
• 12:10
  looking
• 12:10
  at
• 12:10
  your
• 12:10
  retirement
• 12:11
  number
• 12:11
  and
• 12:11
  thinking,
• 12:12
  oh
• 12:12
  my
• 12:12
  gosh,
• 12:13
  that's
• 12:13
  like
• 12:13
  so
• 12:13
  much
• 12:13
  money.
• 12:14
  This
• 12:14
  is
• 12:14
  the
• 12:14
  leverage
• 12:15
  that
• 12:15
  gets
• 12:15
  you
• 12:16
  to
• 12:16
  there.
• 12:16
  You
• 12:16
  can't
• 12:17
  save
• 12:17
  your
• 12:17
  way
• 12:18
  to
• 12:18
  an
• 12:19
  early
• 12:19
  retirement
• 12:19
  or
• 12:19
  to
• 12:20
  any
• 12:20
  kind
• 12:20
  of
• 12:20
  retirement.
• 12:21
  You've
• 12:21
  really
• 12:21
  got
• 12:21
  to
• 12:22
  get
• 12:22
  your
• 12:22
  money
• 12:22
  working
• 12:23
  for
• 12:23
  you.
• 12:23
  And
• 12:24
  it's
• 12:24
  that
• 12:24
  passive
• 12:25
  investment,
• 12:26
  that
• 12:26
  investment
• 12:26
  that
• 12:26
  does
• 12:26
  something
• 12:27
  while
• 12:27
  you're
• 12:27
  sleeping
• 12:27
  or
• 12:28
  while
• 12:28
  you're
• 12:28
  at
• 12:28
  your
• 12:28
  day
• 12:28
  job.
• 12:29
  That
• 12:29
  kind
• 12:29
  of
• 12:29
  thing
• 12:29
  gets
• 12:30
  you
• 12:30
  outpacing
• 12:31
  inflation
• 12:32
  and
• 12:32
  just
• 12:32
  getting
• 12:33
  your
• 12:33
  money
• 12:33
  working
• 12:33
  for
• 12:33
  you
• 12:34
  100%.
• 12:35
  I
• 12:35
  was
• 12:35
  actually
• 12:36
  just.
• 12:36
  This
• 12:37
  is
• 12:37
  what
• 12:37
  I
• 12:37
  was
• 12:37
  doing
• 12:37
  last
• 12:38
  night.
• 12:38
  So
• 12:38
  it's
• 12:39
  fresh.
• 12:39
  Top
• 12:39
  of
• 12:39
  mind.
• 12:40
  I
• 12:40
  was
• 12:40
  writing
• 12:41
  one
• 12:41
  of
• 12:41
  my
• 12:42
  market
• 12:42
  memo
• 12:43
  newsletters,
• 12:44
  talking
• 12:44
  investing
• 12:45
  and
• 12:45
  comparing
• 12:46
  the
• 12:47
  different
• 12:47
  results
• 12:47
  for
• 12:47
  saving
• 12:47
  versus
• 12:48
  investing.
• 12:48
  And
• 12:48
  of
• 12:48
  course,
• 12:49
  savings
• 12:50
  have
• 12:50
  a
• 12:50
  very
• 12:50
  important
• 12:51
  role
• 12:51
  to
• 12:51
  play
• 12:51
  within
• 12:51
  your
• 12:52
  money.
• 12:52
  But
• 12:52
  when
• 12:53
  you're
• 12:53
  looking
• 12:53
  at
• 12:53
  building
• 12:54
  something
• 12:54
  for
• 12:54
  the
• 12:54
  future,
• 12:56
  the
• 12:56
  average
• 12:57
  return
• 12:57
  of
• 12:57
  now.
• 12:57
  This
• 12:58
  is
• 12:58
  off
• 12:58
  the
• 12:58
  top
• 12:58
  of
• 12:58
  my
• 12:58
  head,
• 12:58
  but
• 12:58
  I
• 12:59
  did
• 12:59
  just
• 12:59
  do
• 12:59
  it
• 12:59
  last
• 12:59
  night.
• 13:00
  So
• 13:00
  I'm
• 13:00
  pretty
• 13:01
  sure
• 13:01
  these
• 13:01
  numbers
• 13:01
  are
• 13:01
  correct.
• 13:02
  When
• 13:02
  you
• 13:02
  look
• 13:02
  at
• 13:02
  the
• 13:03
  average
• 13:03
  returns
• 13:03
  of
• 13:03
  the
• 13:03
  share
• 13:04
  market
• 13:04
  since
• 13:04
  1928
• 13:07
  all
• 13:07
  the
• 13:07
  way
• 13:07
  up
• 13:07
  to
• 13:07
  now,
• 13:08
  and
• 13:09
  that's
• 13:09
  up
• 13:09
  huge
• 13:10
  peaks,
• 13:10
  huge
• 13:10
  troughs,
• 13:11
  all
• 13:11
  of
• 13:11
  the
• 13:11
  crashes,
• 13:12
  everything.
• 13:12
  The
• 13:13
  average
• 13:13
  yearly
• 13:13
  return
• 13:14
  came
• 13:14
  back
• 13:14
  to
• 13:15
  10%
• 13:15
  from
• 13:16
  the
• 13:16
  share
• 13:16
  market
• 13:16
  and
• 13:17
  then
• 13:17
  the
• 13:17
  average
• 13:17
  return
• 13:18
  from
• 13:19
  a
• 13:19
  savings
• 13:19
  account,
• 13:20
  cash
• 13:20
  in
• 13:20
  the
• 13:20
  bank
• 13:20
  was
• 13:20
  3%.
• 13:21
  So
• 13:22
  it's
• 13:22
  literally
• 13:22
  getting
• 13:22
  you
• 13:22
  there
• 13:23
  three
• 13:23
  times
• 13:23
  as
• 13:23
  fast.
• 13:24
  And
• 13:24
  when
• 13:24
  people
• 13:25
  talk
• 13:25
  about
• 13:26
  safety
• 13:27
  with
• 13:27
  their
• 13:27
  money.
• 13:29
  Yes,
• 13:29
  but
• 13:29
  there's
• 13:30
  different
• 13:30
  types
• 13:30
  of
• 13:31
  safety
• 13:31
  Safety
• 13:31
  in
• 13:32
  the
• 13:32
  long
• 13:32
  term
• 13:32
  versus
• 13:32
  safety
• 13:33
  on
• 13:33
  the
• 13:33
  short
• 13:33
  term.
• 13:34
  If
• 13:34
  you're
• 13:34
  trying
• 13:35
  to
• 13:35
  build
• 13:35
  something
• 13:35
  and
• 13:36
  going
• 13:36
  to
• 13:36
  work
• 13:36
  every
• 13:36
  day
• 13:37
  and
• 13:37
  putting
• 13:37
  it
• 13:37
  in
• 13:37
  a
• 13:37
  savings
• 13:38
  account.
• 13:38
  Unfortunately,
• 13:40
  Katie,
• 13:40
  for
• 13:40
  most
• 13:40
  people,
• 13:41
  that
• 13:41
  simply
• 13:41
  won't
• 13:41
  get
• 13:41
  you
• 13:42
  where
• 13:42
  you
• 13:42
  want
• 13:42
  to
• 13:42
  go,
• 13:42
  will
• 13:42
  it?
• 13:44
  No,
• 13:44
  absolutely
• 13:45
  not.
• 13:45
  It
• 13:45
  just
• 13:45
  gets
• 13:45
  gobbled
• 13:46
  by
• 13:47
  inflation.
• 13:47
  You're
• 13:48
  effectively
• 13:48
  banking
• 13:49
  a
• 13:49
  loss
• 13:49
  and
• 13:50
  the
• 13:50
  consequence
• 13:50
  of
• 13:51
  doing
• 13:51
  that
• 13:51
  is
• 13:52
  you
• 13:52
  have
• 13:52
  to
• 13:52
  work
• 13:52
  harder
• 13:53
  and
• 13:53
  longer
• 13:53
  than
• 13:53
  you
• 13:53
  should.
• 13:55
  So
• 13:55
  again,
• 13:56
  it's
• 13:56
  about
• 13:56
  how
• 13:56
  do
• 13:56
  you
• 13:57
  get
• 13:57
  your
• 13:58
  assets
• 13:59
  or
• 13:59
  what's
• 14:00
  left
• 14:00
  over
• 14:00
  to
• 14:01
  work
• 14:01
  as
• 14:01
  hard
• 14:01
  as
• 14:02
  possible
• 14:02
  for
• 14:02
  you?
• 14:03
  Because
• 14:03
  end
• 14:04
  goal
• 14:04
  of
• 14:05
  any
• 14:05
  plan
• 14:06
  is
• 14:06
  to
• 14:06
  ensure
• 14:07
  that
• 14:08
  you
• 14:08
  can
• 14:08
  kind
• 14:09
  of
• 14:09
  take
• 14:09
  yourself
• 14:09
  out
• 14:10
  of
• 14:10
  the
• 14:10
  equation
• 14:11
  and
• 14:11
  then
• 14:11
  your
• 14:11
  assets
• 14:12
  are
• 14:12
  working
• 14:12
  as
• 14:13
  hard
• 14:13
  as
• 14:13
  possible
• 14:13
  to
• 14:14
  fund
• 14:14
  your
• 14:14
  lifestyle.
• 14:15
  When
• 14:16
  you're
• 14:16
  in
• 14:16
  that
• 14:16
  buildup
• 14:17
  phase,
• 14:17
  which
• 14:17
  most
• 14:17
  of
• 14:18
  us
• 14:18
  are,
• 14:18
  we're
• 14:19
  reliant
• 14:19
  on
• 14:20
  the
• 14:20
  income
• 14:20
  that
• 14:21
  we
• 14:21
  earn
• 14:21
  to
• 14:22
  fund
• 14:22
  our
• 14:22
  lifestyle.
• 14:23
  Ideally
• 14:24
  speaking,
• 14:24
  though,
• 14:25
  if
• 14:25
  we
• 14:25
  can
• 14:25
  carve
• 14:26
  off
• 14:27
  as
• 14:27
  much
• 14:27
  as
• 14:27
  we
• 14:28
  can
• 14:28
  to
• 14:28
  productively
• 14:29
  invest,
• 14:29
  that
• 14:30
  means
• 14:30
  that
• 14:30
  those
• 14:30
  investments
• 14:31
  will
• 14:31
  grow
• 14:31
  in
• 14:32
  time,
• 14:32
  which
• 14:32
  means
• 14:32
  we
• 14:32
  don't
• 14:33
  have
• 14:33
  to
• 14:33
  work.
• 14:34
  And
• 14:34
  that's
• 14:34
  the
• 14:34
  whole
• 14:34
  idea
• 14:35
  of
• 14:36
  having
• 14:36
  a
• 14:36
  holistic
• 14:37
  plan
• 14:37
  and
• 14:38
  making
• 14:38
  sure
• 14:38
  you're
• 14:38
  growing.
• 14:39
  Well,
• 14:40
  yeah,
• 14:41
  absolutely.
• 14:42
  And
• 14:43
  for
• 14:43
  those
• 14:43
  who
• 14:43
  do
• 14:43
  want
• 14:43
  to
• 14:44
  read
• 14:44
  that
• 14:44
  market
• 14:44
  memo
• 14:45
  when
• 14:45
  it
• 14:45
  comes
• 14:45
  out,
• 14:45
  I
• 14:45
  think
• 14:45
  it's
• 14:46
  next
• 14:46
  week's
• 14:46
  edition.
• 14:47
  But
• 14:47
  if
• 14:47
  you
• 14:47
  head
• 14:47
  to
• 14:47
  Francisco
• 14:48
  NZ
• 14:49
  Invest,
• 14:50
  then
• 14:50
  that
• 14:50
  newsletter
• 14:51
  will
• 14:51
  land
• 14:51
  in
• 14:51
  your
• 14:52
  inbox
• 14:52
  for
• 14:52
  free
• 14:53
  next
• 14:53
  week
• 14:54
  working
• 14:55
  out
• 14:55
  all
• 14:55
  that
• 14:55
  stuff
• 14:55
  for
• 14:56
  you.
• 14:56
  But
• 14:57
  until
• 14:57
  then,
• 14:57
  we
• 14:57
  have
• 14:58
  you
• 14:58
  guys
• 14:58
  here
• 14:59
  and
• 14:59
  I
• 14:59
  want
• 14:59
  to
• 14:59
  spend
• 14:59
  the
• 14:59
  most
• 15:00
  time
• 15:00
  that
• 15:00
  we
• 15:00
  can
• 15:00
  picking
• 15:01
  your
• 15:01
  wonderful
• 15:01
  brains.
• 15:02
  So,
• 15:02
  Katie,
• 15:03
  you
• 15:03
  mentioned
• 15:04
  the
• 15:04
  first
• 15:05
  place
• 15:05
  is
• 15:05
  finding
• 15:06
  the
• 15:06
  money
• 15:06
  to
• 15:07
  invest.
• 15:07
  Agreed.
• 15:08
  Very
• 15:09
  important
• 15:09
  step.
• 15:10
  How
• 15:10
  do
• 15:10
  you
• 15:10
  help
• 15:11
  clients
• 15:11
  with
• 15:11
  that?
• 15:12
  Yeah,
• 15:12
  and
• 15:13
  let's
• 15:13
  be
• 15:13
  honest,
• 15:14
  most
• 15:14
  people
• 15:14
  don't
• 15:14
  have
• 15:14
  spare
• 15:15
  money
• 15:15
  just
• 15:15
  sitting
• 15:16
  around
• 15:17
  like
• 15:17
  we
• 15:17
  actually
• 15:18
  have
• 15:18
  to
• 15:18
  create
• 15:19
  it.
• 15:19
  And
• 15:20
  to
• 15:20
  me
• 15:20
  that
• 15:21
  means
• 15:22
  understanding
• 15:22
  cash
• 15:23
  flow.
• 15:23
  And
• 15:23
  I
• 15:24
  keep
• 15:24
  on
• 15:24
  repeating
• 15:24
  myself,
• 15:25
  but
• 15:26
  without
• 15:26
  shame.
• 15:26
  I
• 15:27
  think
• 15:27
  that's
• 15:27
  really
• 15:27
  important
• 15:29
  and
• 15:29
  I
• 15:30
  think
• 15:30
  sorting
• 15:30
  that
• 15:31
  cash
• 15:31
  flow
• 15:31
  piece,
• 15:32
  it
• 15:32
  needs
• 15:33
  to
• 15:33
  be
• 15:33
  based
• 15:34
  on
• 15:36
  your
• 15:36
  values
• 15:37
  and
• 15:37
  your
• 15:38
  wants
• 15:39
  and
• 15:40
  cutting
• 15:40
  leakage.
• 15:41
  Because
• 15:41
  leakage,
• 15:42
  just
• 15:43
  when
• 15:43
  you
• 15:43
  look
• 15:44
  at
• 15:44
  it
• 15:44
  and
• 15:44
  kind
• 15:44
  of
• 15:45
  zoom
• 15:45
  out,
• 15:45
  it
• 15:46
  does
• 15:46
  exist.
• 15:46
  And
• 15:47
  yes,
• 15:47
  it's
• 15:47
  a
• 15:47
  cost
• 15:47
  of
• 15:48
  living
• 15:48
  crisis,
• 15:48
  I
• 15:48
  understand
• 15:49
  that.
• 15:49
  But
• 15:50
  that
• 15:50
  leakage
• 15:51
  can
• 15:51
  be
• 15:51
  in
• 15:52
  lots
• 15:52
  of
• 15:52
  different
• 15:52
  places.
• 15:53
  It
• 15:53
  could
• 15:54
  be
• 15:54
  in
• 15:54
  your
• 15:55
  mortgage
• 15:55
  structure
• 15:56
  paying
• 15:56
  too
• 15:56
  much
• 15:56
  interest,
• 15:57
  it
• 15:58
  could
• 15:58
  be
• 15:58
  in
• 15:59
  less
• 15:59
  productive
• 16:00
  investments.
• 16:01
  It
• 16:01
  might
• 16:01
  be
• 16:02
  you're
• 16:02
  paying
• 16:02
  consistently
• 16:03
  too
• 16:03
  much
• 16:03
  in
• 16:04
  power.
• 16:04
  I
• 16:05
  think
• 16:05
  of
• 16:05
  this
• 16:05
  top
• 16:05
  of
• 16:06
  mind
• 16:06
  as
• 16:06
  I
• 16:06
  have
• 16:06
  a
• 16:07
  15
• 16:07
  year
• 16:07
  old
• 16:07
  who
• 16:07
  will
• 16:08
  not
• 16:08
  get
• 16:08
  out
• 16:08
  of
• 16:08
  the
• 16:08
  shower,
• 16:09
  but
• 16:10
  it's
• 16:10
  generally
• 16:11
  hiding
• 16:11
  in
• 16:12
  plain
• 16:12
  sight.
• 16:12
  So
• 16:12
  we've
• 16:13
  got
• 16:13
  to
• 16:13
  find
• 16:13
  that.
• 16:14
  And
• 16:14
  then
• 16:15
  we
• 16:15
  kind
• 16:15
  of
• 16:16
  automate
• 16:16
  the
• 16:17
  good
• 16:17
  decision.
• 16:18
  So
• 16:18
  investing
• 16:19
  happens
• 16:21
  almost
• 16:21
  like
• 16:21
  by
• 16:21
  default
• 16:22
  rather
• 16:22
  than
• 16:23
  relying
• 16:23
  on
• 16:23
  willpower
• 16:24
  each
• 16:24
  payday
• 16:25
  or
• 16:25
  hoping
• 16:26
  for
• 16:26
  the
• 16:26
  best
• 16:26
  in
• 16:27
  terms
• 16:27
  of
• 16:27
  what's
• 16:27
  left
• 16:28
  over
• 16:28
  when
• 16:28
  most
• 16:29
  of
• 16:29
  us
• 16:29
  spend
• 16:30
  most
• 16:31
  of
• 16:31
  what
• 16:31
  we
• 16:31
  earn
• 16:32
  and
• 16:32
  there's
• 16:33
  just
• 16:33
  never
• 16:33
  enough
• 16:34
  to
• 16:34
  be
• 16:34
  more
• 16:35
  productive
• 16:35
  with.
• 16:36
  Yeah,
• 16:37
  100%.
• 16:38
  And
• 16:38
  a
• 16:39
  very
• 16:39
  well
• 16:39
  timed
• 16:40
  question
• 16:40
  in
• 16:40
  the
• 16:40
  comments
• 16:40
  here
• 16:41
  from
• 16:41
  Veronica
• 16:41
  saying,
• 16:42
  so
• 16:42
  where
• 16:42
  is
• 16:42
  the
• 16:43
  best
• 16:43
  place
• 16:43
  to
• 16:43
  invest
• 16:43
  when
• 16:44
  we
• 16:44
  aren't
• 16:44
  investment
• 16:45
  strategists?
• 16:45
  And
• 16:46
  I
• 16:46
  think
• 16:46
  a
• 16:46
  lot
• 16:46
  of
• 16:46
  people
• 16:47
  feel
• 16:47
  that
• 16:47
  way,
• 16:47
  just
• 16:47
  that
• 16:48
  feeling
• 16:48
  of,
• 16:48
  okay,
• 16:49
  I
• 16:49
  know
• 16:49
  I
• 16:49
  need
• 16:49
  to
• 16:49
  invest,
• 16:49
  but
• 16:50
  where
• 16:50
  do
• 16:51
  I
• 16:51
  even
• 16:51
  start?
• 16:52
  So
• 16:52
  finding
• 16:53
  the
• 16:53
  right
• 16:53
  investment,
• 16:54
  how
• 16:55
  do
• 16:55
  you
• 16:55
  go
• 16:55
  through.
• 16:55
  Through
• 16:56
  options
• 16:56
  with
• 16:56
  a
• 16:57
  client?
• 16:57
  Katie?
• 16:58
  Yeah,
• 16:59
  so
• 16:59
  we
• 16:59
  start
• 17:00
  with,
• 17:00
  well,
• 17:00
  what
• 17:01
  does
• 17:01
  the
• 17:01
  money
• 17:02
  need
• 17:02
  to
• 17:02
  do?
• 17:03
  And
• 17:03
  that's
• 17:03
  really
• 17:03
  important.
• 17:04
  We're
• 17:04
  not
• 17:04
  looking
• 17:04
  at
• 17:05
  what's
• 17:05
  trending,
• 17:05
  it's
• 17:06
  what
• 17:06
  does
• 17:06
  the
• 17:06
  money
• 17:06
  need
• 17:07
  to
• 17:07
  do.
• 17:08
  So
• 17:09
  if
• 17:09
  it's
• 17:10
  for
• 17:10
  kind
• 17:11
  of
• 17:11
  short
• 17:11
  term
• 17:12
  needs,
• 17:12
  like
• 17:13
  a
• 17:13
  buffer,
• 17:13
  then
• 17:14
  it
• 17:14
  needs
• 17:14
  stability.
• 17:15
  So
• 17:16
  that's
• 17:16
  kind
• 17:16
  of
• 17:16
  cash
• 17:17
  or
• 17:17
  cash
• 17:17
  equivalence.
• 17:18
  If
• 17:19
  you
• 17:19
  have
• 17:19
  a
• 17:19
  mortgage
• 17:20
  that
• 17:20
  might
• 17:20
  be
• 17:21
  sat
• 17:21
  in,
• 17:21
  an
• 17:22
  revolving
• 17:22
  credit
• 17:23
  or
• 17:23
  an
• 17:23
  offset
• 17:24
  but
• 17:25
  longer
• 17:25
  term
• 17:26
  money,
• 17:26
  that's
• 17:26
  when
• 17:27
  you
• 17:27
  can
• 17:27
  take
• 17:27
  more
• 17:28
  risk.
• 17:29
  And
• 17:29
  so
• 17:30
  that
• 17:30
  means
• 17:31
  that
• 17:31
  in
• 17:31
  terms
• 17:32
  of
• 17:32
  investment
• 17:32
  type,
• 17:33
  we're
• 17:33
  talking
• 17:33
  more
• 17:34
  the
• 17:34
  kind
• 17:34
  of
• 17:34
  the
• 17:35
  growth
• 17:35
  funds,
• 17:35
  et
• 17:36
  cetera.
• 17:36
  Or
• 17:37
  it
• 17:37
  might
• 17:37
  be
• 17:38
  investing
• 17:38
  in
• 17:39
  a
• 17:39
  property
• 17:40
  which
• 17:41
  has
• 17:41
  more
• 17:41
  of
• 17:41
  a
• 17:42
  longer
• 17:42
  kind
• 17:42
  of
• 17:43
  cycle
• 17:43
  within
• 17:43
  it.
• 17:44
  And
• 17:45
  I
• 17:45
  think
• 17:45
  when
• 17:45
  we're
• 17:46
  talking
• 17:46
  about
• 17:46
  that
• 17:47
  retirement
• 17:48
  piece,
• 17:49
  it
• 17:49
  really
• 17:49
  does
• 17:49
  need
• 17:50
  sequencing
• 17:51
  in
• 17:51
  terms
• 17:51
  of
• 17:52
  what
• 17:52
  you
• 17:52
  lean
• 17:52
  into
• 17:53
  from
• 17:54
  an
• 17:54
  option
• 17:55
  perspective.
• 17:56
  And
• 17:57
  so
• 17:57
  we
• 17:57
  kind
• 17:57
  of
• 17:57
  always
• 17:58
  work
• 17:59
  almost
• 17:59
  backwards
• 18:00
  through,
• 18:01
  well,
• 18:01
  what
• 18:01
  is
• 18:02
  your
• 18:02
  timeline,
• 18:03
  what
• 18:03
  is
• 18:04
  your
• 18:04
  risk
• 18:04
  tolerance?
• 18:06
  What
• 18:06
  strategy
• 18:07
  do
• 18:07
  you
• 18:08
  have
• 18:08
  access
• 18:08
  to?
• 18:09
  Because
• 18:10
  the
• 18:10
  older
• 18:10
  you
• 18:10
  get,
• 18:11
  generally
• 18:12
  speaking,
• 18:13
  there
• 18:13
  are
• 18:14
  sometimes
• 18:14
  less
• 18:14
  options
• 18:15
  available
• 18:15
  to
• 18:16
  you
• 18:16
  because
• 18:16
  your
• 18:16
  time
• 18:17
  frame
• 18:17
  is
• 18:17
  shorter.
• 18:18
  And
• 18:19
  we
• 18:19
  think
• 18:19
  about,
• 18:19
  well,
• 18:20
  tax
• 18:20
  consequences,
• 18:21
  which
• 18:21
  can
• 18:21
  be
• 18:22
  quite
• 18:22
  fluid
• 18:23
  and
• 18:23
  actually
• 18:23
  your
• 18:24
  everyday
• 18:24
  behavior.
• 18:25
  And
• 18:26
  then
• 18:26
  we
• 18:26
  understand,
• 18:27
  well,
• 18:27
  what
• 18:27
  is
• 18:28
  the
• 18:28
  product
• 18:29
  that
• 18:29
  will
• 18:29
  fit
• 18:29
  that,
• 18:30
  be
• 18:30
  it
• 18:30
  a
• 18:30
  managed
• 18:31
  fund
• 18:31
  or
• 18:32
  a
• 18:32
  property.
• 18:33
  We're
• 18:33
  not
• 18:33
  starting
• 18:34
  with,
• 18:34
  well,
• 18:34
  what
• 18:35
  do
• 18:35
  we
• 18:35
  invest
• 18:35
  in
• 18:36
  first?
• 18:36
  Which
• 18:36
  is
• 18:37
  kind
• 18:38
  of
• 18:38
  where
• 18:38
  most
• 18:38
  people
• 18:39
  start.
• 18:39
  It's
• 18:39
  like,
• 18:39
  well,
• 18:40
  is
• 18:40
  it
• 18:40
  bitcoin,
• 18:41
  Is
• 18:41
  it
• 18:41
  an
• 18:41
  investment
• 18:42
  property?
• 18:42
  Is
• 18:43
  it
• 18:43
  managed
• 18:43
  funds?
• 18:44
  That's
• 18:44
  actually
• 18:45
  the
• 18:45
  end
• 18:46
  of
• 18:46
  the
• 18:46
  conversation,
• 18:47
  not
• 18:47
  the
• 18:47
  start.
• 18:48
  Does
• 18:48
  that
• 18:48
  make
• 18:49
  sense?
• 18:49
  It
• 18:50
  does.
• 18:50
  That
• 18:50
  makes
• 18:50
  a
• 18:51
  lot
• 18:51
  of
• 18:51
  sense.
• 18:51
  And
• 18:51
  actually
• 18:52
  you're
• 18:52
  so
• 18:52
  speaking
• 18:53
  my
• 18:53
  language.
• 18:53
  I
• 18:53
  did
• 18:54
  an
• 18:54
  episode
• 18:54
  a
• 18:54
  few
• 18:55
  weeks
• 18:55
  back
• 18:56
  for
• 18:56
  anyone
• 18:56
  who's
• 18:56
  interested
• 18:57
  more
• 18:57
  in
• 18:57
  this
• 18:57
  theory
• 18:58
  on.
• 18:59
  I
• 18:59
  cannot
• 19:00
  remember
• 19:00
  the
• 19:00
  proper
• 19:01
  title
• 19:02
  of
• 19:02
  it,
• 19:02
  but
• 19:02
  it's
• 19:03
  got
• 19:03
  the
• 19:03
  money
• 19:03
  timeline
• 19:04
  is
• 19:04
  in
• 19:04
  the
• 19:05
  Title.
• 19:05
  So
• 19:06
  check
• 19:06
  that
• 19:06
  out
• 19:07
  for
• 19:07
  people
• 19:07
  who
• 19:07
  would
• 19:07
  like
• 19:08
  some
• 19:08
  more
• 19:08
  of
• 19:08
  what
• 19:08
  Katie's
• 19:09
  saying
• 19:09
  there,
• 19:09
  because
• 19:09
  we
• 19:10
  are
• 19:10
  clearly
• 19:10
  on
• 19:10
  the
• 19:10
  same
• 19:11
  wavelength.
• 19:11
  I
• 19:11
  basically
• 19:12
  said
• 19:12
  what
• 19:12
  she
• 19:12
  said,
• 19:13
  just
• 19:13
  said
• 19:13
  now,
• 19:14
  which
• 19:15
  is
• 19:15
  that
• 19:15
  every
• 19:15
  decision
• 19:16
  with
• 19:16
  your
• 19:16
  money
• 19:16
  comes
• 19:17
  back
• 19:17
  to
• 19:17
  time.
• 19:18
  It's
• 19:18
  so
• 19:18
  important.
• 19:19
  It's
• 19:19
  the
• 19:19
  number
• 19:19
  one
• 19:20
  thing
• 19:20
  that
• 19:21
  decides
• 19:21
  what
• 19:22
  you
• 19:22
  need
• 19:22
  to
• 19:23
  have
• 19:23
  as
• 19:23
  a
• 19:23
  priority
• 19:24
  for
• 19:24
  your
• 19:24
  money
• 19:24
  is
• 19:25
  how
• 19:25
  much
• 19:25
  time
• 19:25
  do
• 19:25
  you
• 19:26
  have,
• 19:26
  how
• 19:26
  much
• 19:27
  time
• 19:27
  will
• 19:27
  your
• 19:27
  money
• 19:27
  have?
• 19:28
  And
• 19:28
  then
• 19:28
  you
• 19:28
  work
• 19:29
  backwards
• 19:29
  from
• 19:29
  there.
• 19:30
  It's
• 19:30
  a
• 19:30
  really
• 19:30
  important
• 19:31
  thing.
• 19:32
  Katie.
• 19:32
  I
• 19:32
  think
• 19:32
  a
• 19:33
  lot
• 19:33
  of
• 19:33
  people
• 19:33
  feel
• 19:33
  quite
• 19:34
  overwhelmed
• 19:34
  in
• 19:35
  terms
• 19:35
  of
• 19:35
  options,
• 19:35
  and
• 19:35
  if
• 19:36
  they
• 19:36
  don't
• 19:36
  have
• 19:37
  maybe
• 19:38
  as
• 19:38
  much
• 19:39
  cash
• 19:39
  at
• 19:39
  the
• 19:39
  moment
• 19:40
  and
• 19:40
  they're
• 19:40
  wanting
• 19:41
  to
• 19:41
  get
• 19:41
  started,
• 19:42
  often
• 19:43
  a
• 19:43
  simple
• 19:43
  place
• 19:44
  to
• 19:44
  start
• 19:45
  is
• 19:45
  the
• 19:46
  share
• 19:46
  market.
• 19:46
  And
• 19:47
  a
• 19:47
  simple
• 19:47
  way
• 19:48
  to
• 19:48
  start
• 19:48
  with
• 19:49
  the
• 19:49
  share
• 19:49
  market
• 19:50
  is
• 19:50
  something
• 19:51
  like
• 19:51
  a
• 19:52
  fund.
• 19:53
  If
• 19:53
  someone
• 19:53
  is
• 19:53
  wanting
• 19:54
  to
• 19:54
  sort
• 19:54
  of
• 19:54
  get
• 19:54
  their
• 19:54
  head
• 19:55
  around
• 19:55
  the
• 19:55
  share
• 19:55
  market
• 19:56
  and
• 19:56
  look
• 19:57
  at
• 19:57
  that,
• 19:57
  what
• 19:58
  are
• 19:58
  sort
• 19:58
  of
• 19:58
  simple
• 19:58
  tactics
• 19:59
  and
• 20:00
  simple
• 20:00
  ways
• 20:00
  of
• 20:00
  explaining
• 20:01
  it
• 20:01
  to
• 20:02
  help
• 20:02
  people
• 20:02
  get
• 20:03
  comfortable
• 20:03
  and
• 20:03
  look
• 20:03
  at
• 20:04
  the
• 20:04
  options
• 20:04
  that
• 20:04
  could
• 20:04
  be
• 20:04
  right
• 20:05
  for
• 20:05
  them
• 20:05
  there?
• 20:06
  Yeah,
• 20:06
  absolutely.
• 20:07
  And
• 20:08
  I
• 20:08
  think
• 20:09
  when
• 20:09
  we
• 20:09
  think
• 20:10
  about
• 20:10
  our
• 20:10
  Kiwisaver,
• 20:11
  that's
• 20:12
  a
• 20:12
  really.
• 20:13
  Because
• 20:13
  we're
• 20:13
  mostly
• 20:14
  familiar
• 20:15
  with
• 20:15
  that.
• 20:15
  And
• 20:16
  so
• 20:17
  that's
• 20:17
  a
• 20:17
  really
• 20:17
  good
• 20:18
  anchor
• 20:18
  point
• 20:19
  because
• 20:19
  when
• 20:20
  you're
• 20:20
  investing
• 20:21
  in
• 20:22
  shares
• 20:22
  and
• 20:23
  most
• 20:23
  of
• 20:23
  my
• 20:23
  clients
• 20:24
  don't
• 20:25
  directly
• 20:25
  invest
• 20:26
  in
• 20:27
  companies
• 20:27
  necessarily,
• 20:28
  again,
• 20:29
  this
• 20:29
  is
• 20:29
  not
• 20:29
  individualized
• 20:30
  financial
• 20:30
  advice
• 20:31
  for
• 20:31
  the
• 20:32
  vast
• 20:32
  majority.
• 20:32
  When
• 20:33
  they're
• 20:33
  looking
• 20:33
  at
• 20:33
  investing
• 20:34
  in
• 20:34
  equities,
• 20:35
  they'll
• 20:35
  look
• 20:35
  at
• 20:35
  managed
• 20:36
  funds,
• 20:36
  which
• 20:37
  is
• 20:37
  like
• 20:37
  Kiwisavers,
• 20:38
  but
• 20:39
  less
• 20:39
  rules
• 20:39
  around
• 20:40
  it.
• 20:40
  And
• 20:41
  when
• 20:41
  you're
• 20:41
  looking
• 20:41
  at
• 20:42
  investment
• 20:43
  types,
• 20:44
  you
• 20:44
  understand,
• 20:45
  well,
• 20:45
  how
• 20:45
  much
• 20:46
  volatility
• 20:46
  can
• 20:47
  I
• 20:47
  accept?
• 20:48
  Exactly
• 20:48
  like
• 20:49
  that
• 20:49
  KiwiSaver.
• 20:50
  So
• 20:51
  if
• 20:52
  you've
• 20:52
  bought
• 20:52
  your
• 20:52
  house
• 20:53
  and
• 20:53
  you're
• 20:53
  not
• 20:53
  going
• 20:53
  to
• 20:54
  access
• 20:54
  or
• 20:54
  have
• 20:55
  to
• 20:55
  access
• 20:55
  the
• 20:55
  investment
• 20:56
  for
• 20:57
  a
• 20:57
  very
• 20:57
  long
• 20:58
  time,
• 20:59
  10
• 20:59
  years
• 21:00
  or
• 21:00
  more,
• 21:01
  then
• 21:01
  likely
• 21:01
  you
• 21:02
  can
• 21:02
  accept
• 21:02
  more
• 21:02
  volatility
• 21:03
  in
• 21:04
  your
• 21:04
  investment.
• 21:05
  So
• 21:06
  likely
• 21:06
  you're
• 21:06
  more
• 21:07
  looking
• 21:07
  at
• 21:07
  a
• 21:07
  more
• 21:08
  growth
• 21:08
  fund,
• 21:09
  which
• 21:09
  will
• 21:10
  have
• 21:10
  more
• 21:11
  dips,
• 21:11
  but
• 21:12
  over
• 21:12
  time
• 21:13
  likely
• 21:13
  will
• 21:14
  give
• 21:14
  you
• 21:14
  a
• 21:14
  higher
• 21:15
  return.
• 21:16
  So
• 21:16
  those
• 21:16
  are
• 21:16
  the
• 21:17
  things
• 21:17
  that
• 21:17
  you're
• 21:17
  thinking
• 21:17
  about
• 21:18
  in
• 21:18
  terms
• 21:18
  of,
• 21:19
  well,
• 21:19
  when
• 21:19
  might
• 21:19
  I
• 21:20
  need
• 21:20
  to
• 21:20
  access
• 21:21
  that
• 21:21
  money
• 21:22
  and
• 21:22
  how
• 21:23
  much
• 21:23
  volatility
• 21:24
  can
• 21:24
  I
• 21:24
  accept
• 21:25
  and
• 21:25
  still
• 21:26
  sleep
• 21:27
  at
• 21:27
  night?
• 21:28
  And
• 21:28
  when
• 21:29
  we're
• 21:29
  designing
• 21:29
  plans
• 21:30
  for
• 21:30
  our
• 21:30
  clients,
• 21:31
  it's
• 21:31
  almost
• 21:32
  like
• 21:32
  when
• 21:32
  you're
• 21:32
  investing,
• 21:33
  you
• 21:33
  can
• 21:34
  split
• 21:34
  that
• 21:34
  into
• 21:35
  almost
• 21:35
  buckets.
• 21:37
  So
• 21:37
  what
• 21:37
  you
• 21:37
  need
• 21:38
  immediately
• 21:39
  over
• 21:39
  the
• 21:39
  next
• 21:39
  few
• 21:40
  years,
• 21:40
  well,
• 21:40
  you
• 21:41
  wouldn't
• 21:41
  really
• 21:41
  likely
• 21:42
  want
• 21:42
  to
• 21:43
  accept
• 21:44
  much
• 21:44
  volatility.
• 21:45
  So
• 21:45
  then
• 21:45
  it
• 21:45
  would
• 21:46
  be
• 21:46
  kind
• 21:46
  of
• 21:46
  more
• 21:46
  conservative
• 21:47
  cash
• 21:47
  or
• 21:47
  cash
• 21:48
  equivalent,
• 21:49
  because
• 21:49
  when
• 21:49
  you
• 21:49
  need
• 21:50
  to
• 21:50
  access
• 21:50
  it,
• 21:50
  you
• 21:51
  don't
• 21:51
  want
• 21:51
  it
• 21:51
  to
• 21:51
  be
• 21:51
  at
• 21:52
  a
• 21:52
  time
• 21:52
  that
• 21:52
  it's
• 21:52
  dipped.
• 21:53
  But
• 21:53
  if
• 21:54
  you
• 21:54
  don't
• 21:54
  need
• 21:54
  it
• 21:54
  for
• 21:55
  a
• 21:55
  kind
• 21:55
  of
• 21:55
  a
• 21:55
  medium
• 21:56
  term,
• 21:56
  like
• 21:56
  you
• 21:57
  know,
• 21:57
  three
• 21:57
  to
• 21:57
  five,
• 21:57
  you
• 21:58
  can
• 21:58
  accept
• 21:58
  a
• 21:58
  little
• 21:58
  bit
• 21:59
  more
• 21:59
  risk.
• 21:59
  And
• 22:00
  again,
• 22:00
  that
• 22:00
  longer
• 22:01
  term
• 22:01
  piece,
• 22:02
  you
• 22:02
  can
• 22:02
  accept
• 22:02
  more
• 22:03
  volatility
• 22:04
  because
• 22:04
  you're
• 22:04
  not
• 22:05
  going
• 22:05
  to
• 22:05
  have
• 22:05
  to
• 22:05
  access
• 22:05
  it
• 22:06
  or
• 22:06
  crystallize
• 22:07
  a
• 22:07
  loss
• 22:07
  when
• 22:07
  it
• 22:07
  dips
• 22:08
  in
• 22:09
  terms
• 22:09
  of
• 22:09
  sequencing.
• 22:10
  So
• 22:10
  that's
• 22:10
  a
• 22:11
  good
• 22:11
  way
• 22:11
  to
• 22:11
  think
• 22:11
  about
• 22:12
  it.
• 22:12
  And
• 22:12
  I
• 22:12
  think
• 22:13
  that's
• 22:13
  one
• 22:13
  of
• 22:13
  the
• 22:13
  amazing
• 22:14
  things
• 22:15
  about
• 22:16
  KiwiSaver
• 22:17
  is
• 22:17
  it's
• 22:18
  teaching
• 22:18
  us
• 22:18
  all
• 22:19
  of
• 22:19
  these
• 22:19
  things
• 22:19
  that
• 22:20
  we
• 22:20
  might
• 22:20
  not
• 22:22
  have
• 22:22
  had
• 22:22
  exposure
• 22:23
  to
• 22:24
  in
• 22:24
  previous
• 22:24
  generations.
• 22:25
  So
• 22:25
  I
• 22:26
  think
• 22:26
  that's
• 22:26
  one
• 22:26
  of
• 22:26
  the
• 22:27
  many
• 22:27
  benefits
• 22:28
  of
• 22:28
  KiwiSaver
• 22:29
  and
• 22:29
  we're
• 22:29
  likely
• 22:29
  already
• 22:30
  investing
• 22:30
  if
• 22:31
  we
• 22:31
  have
• 22:31
  it.
• 22:31
  And
• 22:32
  I
• 22:32
  think
• 22:32
  that
• 22:32
  is
• 22:32
  fantastic.
• 22:33
  And
• 22:34
  I
• 22:34
  think
• 22:34
  that
• 22:35
  some
• 22:35
  of
• 22:35
  the
• 22:35
  principles
• 22:36
  that
• 22:36
  apply
• 22:37
  to
• 22:37
  that
• 22:37
  kiwisailor
• 22:38
  that
• 22:38
  makes
• 22:39
  it
• 22:39
  great,
• 22:39
  which
• 22:40
  is
• 22:40
  that
• 22:40
  automation
• 22:41
  piece,
• 22:42
  not
• 22:42
  seeing
• 22:42
  the
• 22:42
  money,
• 22:43
  that
• 22:43
  is
• 22:43
  absolutely
• 22:44
  fantastic.
• 22:45
  And
• 22:45
  what
• 22:45
  we
• 22:46
  can
• 22:46
  kind
• 22:46
  of
• 22:46
  lean
• 22:46
  into
• 22:47
  in
• 22:48
  other
• 22:48
  areas.
• 22:57
  Got
• 22:57
  a
• 22:57
  couple
• 22:58
  of
• 22:58
  great
• 22:58
  questions
• 22:59
  here
• 22:59
  which
• 22:59
  I
• 22:59
  will
• 23:00
  throw
• 23:00
  to
• 23:00
  you
• 23:00
  guys
• 23:00
  while
• 23:01
  we're
• 23:01
  at
• 23:01
  it
• 23:01
  too.
• 23:02
  And
• 23:03
  team,
• 23:03
  do
• 23:04
  drop
• 23:04
  in
• 23:04
  any
• 23:05
  questions
• 23:05
  that
• 23:05
  you
• 23:05
  have.
• 23:06
  Now
• 23:06
  is
• 23:06
  a
• 23:06
  great
• 23:07
  time.
• 23:07
  This
• 23:07
  time
• 23:07
  goes
• 23:08
  faster
• 23:08
  than
• 23:08
  you
• 23:08
  think.
• 23:09
  What
• 23:09
  is
• 23:10
  the
• 23:10
  best
• 23:10
  place
• 23:10
  to
• 23:10
  research
• 23:11
  history
• 23:11
  and
• 23:11
  performance
• 23:12
  of
• 23:12
  ETFs
• 23:13
  or
• 23:13
  single
• 23:13
  shares?
• 23:14
  Katie,
• 23:15
  what
• 23:15
  do
• 23:15
  you
• 23:15
  think?
• 23:15
  I
• 23:16
  mean,
• 23:16
  that
• 23:16
  might
• 23:16
  be
• 23:16
  somewhat
• 23:16
  of
• 23:16
  a
• 23:16
  trick
• 23:17
  question.
• 23:17
  You
• 23:17
  might
• 23:17
  not
• 23:17
  even
• 23:18
  think
• 23:18
  people
• 23:18
  need
• 23:18
  to
• 23:18
  do
• 23:19
  that,
• 23:19
  but
• 23:19
  jump
• 23:19
  on
• 23:20
  that
• 23:20
  in
• 23:20
  whatever
• 23:20
  way
• 23:20
  you
• 23:20
  think
• 23:21
  makes
• 23:21
  sense.
• 23:22
  Yeah,
• 23:23
  yeah,
• 23:24
  lots
• 23:24
  of
• 23:24
  people
• 23:24
  actually
• 23:25
  ask
• 23:26
  me
• 23:26
  this.
• 23:27
  And
• 23:28
  the
• 23:28
  trick
• 23:28
  is
• 23:29
  history
• 23:29
  doesn't
• 23:30
  necessarily
• 23:30
  dictate
• 23:31
  what
• 23:31
  happens
• 23:32
  next.
• 23:33
  So
• 23:33
  again,
• 23:33
  kind
• 23:34
  of
• 23:34
  caveat
• 23:34
  that
• 23:35
  lots
• 23:36
  of
• 23:36
  clients
• 23:36
  will
• 23:37
  start
• 23:37
  by.
• 23:38
  And
• 23:38
  again,
• 23:38
  this
• 23:39
  is
• 23:39
  when
• 23:39
  it's
• 23:39
  really
• 23:39
  good
• 23:40
  to
• 23:40
  speak
• 23:40
  to
• 23:40
  a
• 23:40
  qualified
• 23:41
  financial
• 23:42
  advisor.
• 23:43
  But
• 23:44
  if
• 23:44
  you're
• 23:44
  in
• 23:44
  that
• 23:44
  research
• 23:45
  phase,
• 23:46
  a
• 23:46
  good
• 23:47
  place
• 23:47
  that
• 23:47
  lots
• 23:48
  of
• 23:48
  people
• 23:48
  start
• 23:49
  is
• 23:49
  the
• 23:49
  Sorted
• 23:50
  website.
• 23:51
  And
• 23:51
  again,
• 23:51
  you
• 23:51
  can
• 23:51
  look
• 23:51
  at
• 23:52
  the
• 23:52
  different
• 23:52
  KiwiSaver
• 23:53
  providers
• 23:54
  as
• 23:54
  well,
• 23:54
  just
• 23:55
  in
• 23:55
  terms
• 23:55
  of
• 23:56
  returns
• 23:57
  and
• 23:57
  fees
• 23:58
  and
• 23:58
  that
• 23:58
  gives
• 23:58
  you
• 23:59
  a
• 23:59
  really
• 23:59
  good
• 24:00
  useful
• 24:00
  gauge
• 24:01
  in
• 24:01
  terms
• 24:01
  of
• 24:01
  what
• 24:02
  has
• 24:02
  happened.
• 24:03
  Caveat
• 24:03
  that
• 24:03
  we're
• 24:04
  not
• 24:04
  sure
• 24:04
  that
• 24:04
  will
• 24:04
  happen
• 24:05
  going
• 24:05
  forward.
• 24:06
  But
• 24:06
  again,
• 24:07
  a
• 24:07
  really
• 24:07
  good
• 24:08
  place
• 24:08
  to
• 24:08
  start
• 24:09
  in
• 24:09
  terms
• 24:09
  of
• 24:10
  what
• 24:10
  you
• 24:10
  should
• 24:10
  be
• 24:10
  expecting.
• 24:12
  Yeah,
• 24:12
  yeah.
• 24:12
  The
• 24:13
  Sorted
• 24:13
  Smart
• 24:13
  investor
• 24:14
  tool
• 24:14
  is
• 24:15
  great
• 24:15
  if
• 24:16
  you
• 24:16
  love
• 24:16
  going
• 24:16
  deep
• 24:17
  on
• 24:17
  the
• 24:17
  funds
• 24:19
  and
• 24:19
  even
• 24:19
  just
• 24:20
  the
• 24:20
  sorted
• 24:21
  fund
• 24:21
  finder
• 24:22
  that
• 24:23
  is
• 24:23
  KiwiSaver
• 24:24
  specific.
• 24:24
  But
• 24:24
  it's
• 24:25
  so
• 24:25
  simple,
• 24:25
  it's
• 24:25
  so
• 24:26
  good.
• 24:27
  And
• 24:27
  sometimes
• 24:27
  the
• 24:28
  funds
• 24:28
  that
• 24:28
  you
• 24:28
  find
• 24:29
  there
• 24:29
  that
• 24:30
  are
• 24:30
  good
• 24:30
  on
• 24:30
  KiwiSaver
• 24:31
  well,
• 24:31
  they
• 24:31
  have
• 24:31
  their
• 24:31
  own
• 24:32
  version
• 24:32
  of
• 24:32
  them
• 24:32
  outside
• 24:33
  of
• 24:33
  KiwiSaver
• 24:33
  2,
• 24:34
  the
• 24:34
  same
• 24:34
  company.
• 24:35
  So
• 24:35
  you're
• 24:36
  dead
• 24:36
  right.
• 24:37
  Yeah,
• 24:37
  yeah.
• 24:38
  And
• 24:38
  that's
• 24:38
  neutral.
• 24:39
  So
• 24:39
  it's,
• 24:39
  you
• 24:39
  know,
• 24:40
  that's
• 24:41
  not
• 24:41
  any
• 24:41
  particular
• 24:42
  provider.
• 24:43
  So
• 24:43
  that's
• 24:44
  useful
• 24:44
  as
• 24:44
  well.
• 24:45
  Often.
• 24:46
  Yeah,
• 24:46
  100%
• 24:47
  and
• 24:47
  I'm
• 24:47
  biased,
• 24:47
  but
• 24:47
  I
• 24:48
  do
• 24:48
  think
• 24:48
  also
• 24:48
  keeping
• 24:48
  an
• 24:49
  eye
• 24:49
  on
• 24:49
  the
• 24:49
  news
• 24:49
  can
• 24:50
  be
• 24:50
  good.
• 24:50
  Just
• 24:50
  see
• 24:51
  what's
• 24:51
  out
• 24:51
  there.
• 24:51
  But
• 24:52
  don't
• 24:52
  get
• 24:52
  too
• 24:53
  derailed
• 24:53
  by
• 24:53
  the
• 24:53
  headlines
• 24:54
  because
• 24:55
  having
• 24:55
  worked
• 24:56
  in
• 24:56
  a
• 24:56
  newsroom,
• 24:57
  I
• 24:57
  do
• 24:57
  know
• 24:57
  that
• 24:58
  they're
• 24:58
  not
• 24:58
  necessarily
• 24:59
  clickbaiting
• 24:59
  you,
• 24:59
  but
• 24:59
  they
• 25:00
  do
• 25:00
  very
• 25:00
  much
• 25:00
  want
• 25:01
  your
• 25:01
  attention.
• 25:01
  So
• 25:01
  maybe
• 25:02
  dip
• 25:02
  in
• 25:02
  and
• 25:02
  out
• 25:02
  of
• 25:02
  the
• 25:02
  news
• 25:03
  like
• 25:03
  on
• 25:03
  a
• 25:03
  weekly
• 25:04
  basis
• 25:04
  so
• 25:05
  that
• 25:05
  you
• 25:05
  are
• 25:05
  informed
• 25:06
  without
• 25:06
  being
• 25:06
  overwhelmed
• 25:07
  or
• 25:08
  depressed.
• 25:08
  Yes.
• 25:09
  If
• 25:10
  depressed,
• 25:10
  often
• 25:11
  do
• 25:11
  nothing
• 25:11
  because
• 25:12
  you're
• 25:12
  too
• 25:12
  scared.
• 25:14
  Was
• 25:14
  going
• 25:14
  to
• 25:15
  hell
• 25:15
  in
• 25:15
  a
• 25:15
  handbasket.
• 25:16
  Please
• 25:16
  do
• 25:16
  nothing.
• 25:16
  Which
• 25:17
  is
• 25:17
  the
• 25:17
  worst
• 25:18
  thing
• 25:18
  you
• 25:18
  could
• 25:18
  do.
• 25:19
  Bronwyn,
• 25:20
  this
• 25:20
  might
• 25:20
  be
• 25:21
  one
• 25:21
  that
• 25:21
  comes
• 25:22
  your
• 25:22
  way.
• 25:23
  Are
• 25:23
  there
• 25:24
  any
• 25:24
  cash
• 25:24
  flow
• 25:25
  tools
• 25:25
  you
• 25:25
  can
• 25:25
  recommend?
• 25:26
  We
• 25:26
  have
• 25:27
  variable
• 25:27
  income
• 25:28
  which
• 25:28
  can
• 25:28
  make
• 25:29
  managing
• 25:29
  and
• 25:29
  predicting
• 25:30
  cash
• 25:30
  flow
• 25:31
  tricky.
• 25:31
  Is
• 25:32
  this
• 25:32
  one
• 25:32
  you've
• 25:32
  come
• 25:32
  across
• 25:33
  before,
• 25:33
  Bronwyn?
• 25:34
  Yeah,
• 25:34
  totally.
• 25:34
  It
• 25:35
  can
• 25:35
  be
• 25:35
  really
• 25:35
  common
• 25:35
  in
• 25:36
  self
• 25:36
  employment
• 25:36
  land
• 25:37
  as
• 25:37
  well.
• 25:37
  And
• 25:37
  your
• 25:37
  income
• 25:38
  can
• 25:38
  be
• 25:38
  like
• 25:38
  kind
• 25:39
  of
• 25:39
  lumpy.
• 25:39
  Right.
• 25:40
  So
• 25:41
  I
• 25:41
  think
• 25:41
  there's
• 25:41
  a
• 25:41
  couple
• 25:41
  of
• 25:41
  really
• 25:42
  good
• 25:42
  tools
• 25:42
  that
• 25:42
  you
• 25:42
  could
• 25:43
  use.
• 25:43
  I
• 25:43
  am
• 25:43
  definitely
• 25:44
  like
• 25:44
  a
• 25:44
  software
• 25:45
  girl,
• 25:45
  so
• 25:45
  I'm
• 25:45
  using
• 25:45
  Xero
• 25:46
  when
• 25:46
  it's
• 25:47
  business
• 25:47
  related.
• 25:47
  Actually
• 25:48
  I
• 25:48
  use
• 25:48
  it
• 25:48
  for
• 25:48
  my
• 25:48
  personal
• 25:48
  too.
• 25:50
  So
• 25:50
  there's
• 25:50
  that
• 25:51
  about
• 25:51
  keeping
• 25:52
  track
• 25:52
  of
• 25:52
  things.
• 25:52
  I
• 25:53
  think
• 25:53
  if
• 25:53
  you
• 25:53
  know
• 25:54
  roughly
• 25:54
  about
• 25:55
  what
• 25:55
  a
• 25:55
  year
• 25:55
  of
• 25:55
  the
• 25:56
  life
• 25:56
  costs
• 25:57
  or
• 25:57
  what
• 25:57
  your
• 25:58
  annualized
• 25:58
  expenses
• 25:59
  are,
• 25:59
  then
• 26:00
  it
• 26:00
  removes
• 26:00
  some
• 26:00
  of
• 26:01
  those
• 26:01
  lumps.
• 26:01
  Right.
• 26:02
  Another
• 26:02
  thing
• 26:02
  that
• 26:03
  I've
• 26:03
  used
• 26:03
  that's
• 26:03
  really,
• 26:04
  again,
• 26:04
  it's
• 26:04
  directed
• 26:05
  at
• 26:05
  business,
• 26:05
  but
• 26:05
  it's
• 26:05
  actually
• 26:06
  worked
• 26:06
  really,
• 26:06
  really
• 26:06
  well
• 26:06
  in
• 26:07
  my
• 26:07
  personal
• 26:07
  life
• 26:08
  is
• 26:08
  this
• 26:08
  thing
• 26:08
  called
• 26:09
  the
• 26:09
  profit
• 26:09
  first
• 26:10
  system,
• 26:10
  which
• 26:10
  is
• 26:10
  based
• 26:10
  on
• 26:11
  a
• 26:11
  book,
• 26:11
  but
• 26:11
  loosely,
• 26:12
  if
• 26:12
  you
• 26:12
  sort
• 26:12
  of
• 26:13
  look
• 26:13
  at
• 26:13
  your
• 26:13
  annual
• 26:13
  budget,
• 26:14
  we
• 26:14
  say,
• 26:14
  right,
• 26:15
  okay,
• 26:15
  my
• 26:15
  mortgage
• 26:15
  is
• 26:15
  about,
• 26:16
  say
• 26:16
  25%
• 26:17
  of
• 26:17
  my
• 26:17
  annual
• 26:17
  income.
• 26:18
  I'm
• 26:19
  going
• 26:19
  to
• 26:19
  put
• 26:19
  25%
• 26:20
  of
• 26:20
  every
• 26:20
  paycheck
• 26:21
  I
• 26:21
  get
• 26:21
  of
• 26:21
  this
• 26:21
  lumpy
• 26:22
  money
• 26:22
  that
• 26:22
  I
• 26:23
  get
• 26:23
  into
• 26:23
  the
• 26:24
  mortgage
• 26:24
  sinking
• 26:24
  fund.
• 26:25
  Right.
• 26:25
  And
• 26:25
  so
• 26:25
  if
• 26:25
  you
• 26:25
  can
• 26:26
  break
• 26:26
  things
• 26:26
  down
• 26:26
  into
• 26:27
  percentages,
• 26:28
  that
• 26:28
  can
• 26:28
  really
• 26:28
  help
• 26:29
  you
• 26:29
  sort
• 26:29
  of
• 26:29
  smooth
• 26:30
  out
• 26:30
  some
• 26:30
  of
• 26:30
  those
• 26:30
  lumps
• 26:31
  or
• 26:31
  allocate
• 26:31
  those
• 26:32
  lumps
• 26:32
  when
• 26:32
  they
• 26:32
  come
• 26:32
  in.
• 26:33
  I
• 26:33
  think
• 26:33
  that
• 26:33
  can
• 26:34
  be
• 26:34
  really
• 26:34
  helpful.
• 26:34
  PocketSmith
• 26:35
  as
• 26:35
  well
• 26:36
  is
• 26:36
  a
• 26:36
  fantastic
• 26:36
  tool
• 26:37
  that
• 26:37
  you
• 26:37
  can
• 26:37
  use.
• 26:38
  They,
• 26:38
  you
• 26:38
  know,
• 26:38
  pitch
• 26:38
  themselves
• 26:39
  for
• 26:39
  the
• 26:39
  household
• 26:39
  cfo.
• 26:40
  Right.
• 26:40
  So
• 26:41
  it's
• 26:41
  a
• 26:41
  fantastic
• 26:41
  tool
• 26:42
  to
• 26:42
  get
• 26:42
  some
• 26:42
  visualizations
• 26:43
  if
• 26:43
  you're
• 26:43
  a
• 26:43
  bit
• 26:43
  more
• 26:44
  of
• 26:44
  a,
• 26:44
  like,
• 26:44
  visual
• 26:44
  person
• 26:45
  than
• 26:45
  a
• 26:45
  numbers
• 26:46
  person,
• 26:46
  the
• 26:46
  dashboards,
• 26:47
  the
• 26:47
  pretty,
• 26:48
  you
• 26:48
  know,
• 26:48
  colorful
• 26:49
  charts
• 26:49
  can
• 26:50
  be
• 26:50
  super
• 26:50
  useful
• 26:50
  for
• 26:51
  100%.
• 26:52
  Some
• 26:52
  great
• 26:53
  wrecks
• 26:53
  there.
• 26:54
  Also
• 26:55
  had
• 26:55
  someone
• 26:56
  in
• 26:56
  the
• 26:56
  comments
• 26:57
  here
• 26:57
  with
• 26:57
  a
• 26:58
  great
• 26:58
  tip,
• 26:58
  so
• 26:58
  I'm
• 26:59
  going
• 26:59
  to
• 26:59
  steal
• 26:59
  this.
• 27:00
  Thank
• 27:00
  you
• 27:00
  so
• 27:00
  much,
• 27:00
  Helen.
• 27:01
  Morningstar
• 27:02
  also
• 27:04
  has
• 27:04
  reports
• 27:04
  that
• 27:04
  rank
• 27:05
  the
• 27:05
  funds
• 27:05
  over
• 27:05
  time.
• 27:06
  Very
• 27:06
  useful.
• 27:07
  Agreed.
• 27:08
  I
• 27:08
  love
• 27:09
  diving
• 27:09
  into
• 27:09
  Morningstar
• 27:10
  research.
• 27:10
  If
• 27:11
  you
• 27:11
  are
• 27:11
  a
• 27:11
  little
• 27:12
  bit
• 27:12
  of
• 27:12
  a
• 27:12
  money
• 27:12
  nerd,
• 27:13
  Morningstar
• 27:14
  is
• 27:14
  brilliant.
• 27:15
  All
• 27:15
  right,
• 27:15
  keep
• 27:15
  giving
• 27:16
  us
• 27:16
  your
• 27:16
  questions,
• 27:16
  team,
• 27:17
  and
• 27:17
  we'll
• 27:17
  keep
• 27:17
  coming
• 27:17
  to
• 27:18
  them
• 27:18
  as
• 27:18
  we
• 27:18
  can.
• 27:19
  But
• 27:19
  Bronwyn,
• 27:20
  I
• 27:20
  mean,
• 27:20
  I
• 27:20
  think
• 27:21
  a
• 27:21
  lot
• 27:21
  of
• 27:21
  people
• 27:22
  do
• 27:22
  have
• 27:22
  an
• 27:23
  overwhelmed
• 27:23
  moment
• 27:24
  or
• 27:24
  hesitation
• 27:25
  before
• 27:26
  starting
• 27:26
  investing.
• 27:27
  I
• 27:27
  think
• 27:27
  sometimes
• 27:28
  you
• 27:28
  can
• 27:28
  have
• 27:28
  these
• 27:29
  moments
• 27:29
  where
• 27:30
  you've
• 27:30
  done
• 27:30
  the
• 27:30
  research,
• 27:31
  you've
• 27:31
  looked
• 27:31
  into
• 27:31
  it,
• 27:32
  but
• 27:32
  it's
• 27:32
  that
• 27:32
  first
• 27:33
  step
• 27:33
  can
• 27:34
  really
• 27:35
  freak
• 27:35
  you
• 27:36
  out.
• 27:36
  Going
• 27:36
  from
• 27:37
  never
• 27:37
  having
• 27:37
  done
• 27:37
  this
• 27:38
  before
• 27:38
  to
• 27:38
  now
• 27:38
  I'm
• 27:39
  an
• 27:39
  investor.
• 27:40
  I
• 27:40
  mean,
• 27:40
  did
• 27:41
  you
• 27:41
  have
• 27:41
  that
• 27:42
  moment
• 27:42
  of
• 27:42
  overwhelm?
• 27:43
  And
• 27:43
  if
• 27:43
  you
• 27:43
  did,
• 27:43
  how
• 27:43
  did
• 27:44
  you
• 27:44
  overcome
• 27:44
  it?
• 27:45
  It's
• 27:46
  really
• 27:46
  interesting.
• 27:46
  Katie
• 27:47
  just
• 27:47
  touched
• 27:47
  on
• 27:47
  it
• 27:47
  a
• 27:48
  little
• 27:48
  bit
• 27:48
  earlier
• 27:48
  that
• 27:49
  I
• 27:49
  had
• 27:49
  that
• 27:50
  realization
• 27:50
  that
• 27:50
  actually
• 27:51
  I
• 27:51
  am
• 27:51
  an
• 27:51
  investor.
• 27:52
  I
• 27:52
  in
• 27:53
  Kiwisavers
• 27:53
  since
• 27:53
  the
• 27:54
  day
• 27:54
  it
• 27:54
  started,
• 27:54
  right?
• 27:55
  And
• 27:55
  so
• 27:55
  I
• 27:55
  might
• 27:56
  not
• 27:56
  have
• 27:56
  been
• 27:56
  like
• 27:57
  actively
• 27:57
  managing
• 27:58
  and
• 27:58
  doing
• 27:58
  those
• 27:58
  things
• 27:59
  or
• 27:59
  picking
• 27:59
  stocks,
• 28:00
  but
• 28:00
  I
• 28:00
  am
• 28:00
  an
• 28:01
  investor.
• 28:01
  And
• 28:01
  so
• 28:02
  it
• 28:02
  was
• 28:02
  about
• 28:02
  changing
• 28:02
  that
• 28:03
  mindset
• 28:03
  of
• 28:03
  that
• 28:04
  self.
• 28:04
  Talk
• 28:04
  a
• 28:04
  little
• 28:04
  bit.
• 28:05
  I
• 28:05
  think
• 28:05
  you
• 28:06
  need
• 28:06
  to
• 28:06
  give
• 28:06
  yourself
• 28:06
  like
• 28:07
  a
• 28:07
  little
• 28:07
  bit
• 28:07
  of
• 28:07
  grace,
• 28:08
  right?
• 28:08
  If
• 28:08
  you
• 28:09
  were
• 28:09
  in
• 28:09
  the
• 28:10
  position
• 28:10
  where
• 28:10
  you're
• 28:10
  first
• 28:10
  learning
• 28:11
  to
• 28:11
  ride
• 28:12
  a
• 28:12
  bike,
• 28:12
  you
• 28:13
  get
• 28:13
  a
• 28:13
  real
• 28:13
  bit
• 28:13
  wobbly,
• 28:14
  right?
• 28:14
  Like
• 28:14
  no
• 28:15
  one
• 28:15
  expects
• 28:15
  you
• 28:15
  or
• 28:16
  to
• 28:16
  drive
• 28:16
  a
• 28:16
  car
• 28:16
  for
• 28:16
  the
• 28:17
  first
• 28:17
  time.
• 28:17
  No
• 28:17
  one
• 28:18
  expects
• 28:18
  you
• 28:18
  to
• 28:18
  get
• 28:18
  in
• 28:19
  and
• 28:19
  especially
• 28:19
  a
• 28:19
  manual,
• 28:20
  just
• 28:20
  drive
• 28:20
  down
• 28:20
  the
• 28:21
  road
• 28:21
  without
• 28:21
  a
• 28:21
  few
• 28:21
  bunny
• 28:22
  hops,
• 28:22
  right?
• 28:22
  So
• 28:23
  we
• 28:23
  just
• 28:23
  need
• 28:24
  to
• 28:24
  give
• 28:24
  ourselves
• 28:24
  a
• 28:24
  little
• 28:25
  bit
• 28:25
  of
• 28:25
  grace
• 28:25
  here.
• 28:26
  Like
• 28:26
  any
• 28:26
  muscle
• 28:27
  that
• 28:27
  we
• 28:27
  haven't
• 28:27
  used
• 28:27
  for
• 28:28
  a
• 28:28
  while,
• 28:29
  you
• 28:29
  just
• 28:29
  need
• 28:29
  to
• 28:30
  use
• 28:30
  it
• 28:31
  a
• 28:31
  little
• 28:31
  bit
• 28:31
  often.
• 28:31
  And
• 28:32
  it
• 28:32
  builds
• 28:32
  that
• 28:32
  muscle
• 28:33
  that's
• 28:33
  required
• 28:33
  for
• 28:34
  investing.
• 28:35
  I
• 28:35
  think,
• 28:35
  too,
• 28:36
  if
• 28:36
  you
• 28:36
  really
• 28:37
  want
• 28:37
  to
• 28:37
  unpack
• 28:38
  the
• 28:38
  psychology
• 28:38
  behind
• 28:38
  it.
• 28:39
  Remember
• 28:39
  there
• 28:40
  was
• 28:40
  a
• 28:40
  time
• 28:41
  not
• 28:41
  that
• 28:41
  long
• 28:41
  ago
• 28:42
  when
• 28:42
  you
• 28:42
  didn't
• 28:42
  know
• 28:42
  how
• 28:43
  to
• 28:43
  get
• 28:43
  a
• 28:43
  mortgage
• 28:44
  or
• 28:44
  a
• 28:44
  student
• 28:44
  loan
• 28:45
  or
• 28:45
  a
• 28:45
  credit
• 28:46
  card,
• 28:46
  but
• 28:47
  you
• 28:47
  figured
• 28:47
  those
• 28:47
  things
• 28:47
  out,
• 28:48
  right?
• 28:48
  And
• 28:49
  to
• 28:49
  my
• 28:49
  mind,
• 28:50
  a
• 28:50
  mortgage
• 28:50
  is
• 28:50
  way
• 28:51
  more
• 28:51
  terrifying
• 28:52
  than
• 28:52
  investing.
• 28:53
  There's
• 28:53
  a
• 28:53
  lot
• 28:53
  more
• 28:53
  legalities,
• 28:54
  there's
• 28:55
  a
• 28:55
  lot
• 28:55
  more
• 28:55
  commitment
• 28:56
  in
• 28:56
  a
• 28:56
  mortgage
• 28:57
  than
• 28:57
  there
• 28:57
  is
• 28:57
  in
• 28:57
  throwing
• 28:58
  some
• 28:58
  money
• 28:58
  and
• 28:58
  a
• 28:58
  few
• 28:58
  investments,
• 28:59
  okay?
• 28:59
  So
• 29:00
  I
• 29:00
  think
• 29:00
  it
• 29:00
  just
• 29:01
  comes
• 29:01
  like,
• 29:01
  comes
• 29:02
  with
• 29:03
  the
• 29:03
  knowledge,
• 29:03
  helps,
• 29:04
  like
• 29:04
  the
• 29:04
  knowledge
• 29:04
  gives
• 29:05
  confidence
• 29:05
  and,
• 29:06
  you
• 29:06
  know,
• 29:06
  there's
• 29:06
  so
• 29:07
  much
• 29:07
  information
• 29:07
  available,
• 29:08
  you
• 29:08
  know,
• 29:08
  podcasts,
• 29:09
  like
• 29:09
  your
• 29:09
  own
• 29:10
  books,
• 29:10
  all
• 29:11
  of
• 29:11
  those
• 29:11
  kinds
• 29:11
  of
• 29:11
  things
• 29:11
  that
• 29:12
  you
• 29:12
  can
• 29:12
  go
• 29:12
  down
• 29:12
  as
• 29:13
  far
• 29:13
  down
• 29:13
  that
• 29:13
  rabbit
• 29:13
  hole
• 29:14
  as
• 29:14
  you're
• 29:14
  comfortable
• 29:15
  as
• 29:15
  you
• 29:15
  need
• 29:15
  to
• 29:16
  be
• 29:16
  to
• 29:16
  become
• 29:16
  comfortable
• 29:17
  and
• 29:17
  to
• 29:17
  understand
• 29:17
  the
• 29:18
  investment
• 29:18
  class
• 29:18
  that
• 29:18
  you're.
• 29:19
  That
• 29:19
  you're
• 29:19
  looking
• 29:19
  at.
• 29:20
  But
• 29:20
  I
• 29:20
  think,
• 29:20
  yeah,
• 29:21
  it
• 29:21
  is
• 29:21
  about
• 29:21
  practice
• 29:22
  and
• 29:22
  it
• 29:22
  is
• 29:22
  about
• 29:22
  grace
• 29:23
  in
• 29:23
  those
• 29:23
  early
• 29:23
  steps.
• 29:24
  Yeah.
• 29:24
  And
• 29:25
  just
• 29:25
  start,
• 29:25
  right?
• 29:26
  Like,
• 29:26
  just
• 29:27
  start.
• 29:28
  And
• 29:28
  just
• 29:28
  start.
• 29:29
  Yeah,
• 29:29
  yeah.
• 29:30
  You're
• 29:30
  not
• 29:30
  trying
• 29:30
  to
• 29:31
  be.
• 29:31
  I
• 29:31
  100%
• 29:31
  agree
• 29:32
  with
• 29:32
  you.
• 29:32
  It's
• 29:33
  not
• 29:33
  like
• 29:34
  there's
• 29:34
  not
• 29:34
  a
• 29:35
  perfect
• 29:36
  strategy.
• 29:36
  Oh,
• 29:37
  totally.
• 29:37
  It's
• 29:38
  the
• 29:38
  right
• 29:38
  one
• 29:38
  for
• 29:39
  you.
• 29:39
  And
• 29:40
  confidence
• 29:40
  comes
• 29:40
  through
• 29:41
  action.
• 29:41
  So
• 29:42
  just
• 29:42
  do
• 29:42
  something.
• 29:43
  You
• 29:44
  know,
• 29:44
  for
• 29:44
  me,
• 29:44
  I
• 29:45
  actually
• 29:45
  changed
• 29:45
  my
• 29:45
  Kiwi
• 29:46
  Saber
• 29:46
  provider
• 29:46
  three
• 29:47
  times.
• 29:47
  Like,
• 29:47
  I
• 29:48
  was
• 29:48
  in
• 29:48
  one,
• 29:49
  I
• 29:49
  changed,
• 29:50
  I
• 29:50
  changed
• 29:50
  to
• 29:50
  another,
• 29:51
  and
• 29:51
  then
• 29:51
  now
• 29:51
  I'm
• 29:52
  hopefully
• 29:52
  in
• 29:52
  my
• 29:52
  forever
• 29:53
  one.
• 29:53
  Right.
• 29:53
  But
• 29:54
  it
• 29:54
  took
• 29:54
  me,
• 29:55
  as,
• 29:55
  you
• 29:55
  know,
• 29:55
  better.
• 29:56
  You
• 29:56
  can
• 29:56
  do
• 29:56
  better.
• 29:57
  And
• 29:57
  so
• 29:57
  it
• 29:57
  took
• 29:57
  me.
• 29:58
  You
• 29:58
  can
• 29:58
  see
• 29:58
  the
• 29:58
  progression
• 29:59
  in
• 29:59
  my
• 29:59
  learning
• 29:59
  as
• 29:59
  an
• 30:00
  investor
• 30:00
  with
• 30:00
  the
• 30:00
  funds
• 30:01
  that
• 30:01
  I
• 30:01
  was
• 30:01
  choosing
• 30:01
  at
• 30:02
  the
• 30:02
  time,
• 30:02
  you
• 30:02
  know,
• 30:03
  and
• 30:03
  it's.
• 30:03
  And
• 30:03
  it's
• 30:04
  the
• 30:04
  same
• 30:04
  with
• 30:04
  the
• 30:04
  platforms.
• 30:04
  Like,
• 30:05
  I
• 30:05
  signed
• 30:05
  up,
• 30:05
  I've
• 30:05
  got
• 30:05
  Sharesies,
• 30:06
  I've
• 30:06
  got
• 30:06
  Hatch,
• 30:06
  I've
• 30:07
  got
• 30:07
  Kuna,
• 30:07
  I've
• 30:07
  got
• 30:07
  all
• 30:07
  of
• 30:08
  them.
• 30:08
  Some
• 30:08
  of
• 30:09
  them
• 30:09
  have,
• 30:09
  like,
• 30:09
  have
• 30:10
  just
• 30:10
  gone
• 30:10
  dormant
• 30:10
  and
• 30:11
  I
• 30:11
  don't
• 30:11
  use
• 30:11
  them
• 30:11
  anymore.
• 30:11
  But
• 30:12
  I
• 30:12
  signed
• 30:12
  up
• 30:12
  for
• 30:12
  all
• 30:13
  of
• 30:13
  them
• 30:13
  and
• 30:13
  I'm
• 30:13
  not
• 30:14
  beating
• 30:14
  myself
• 30:14
  up
• 30:14
  for
• 30:15
  going,
• 30:15
  oh,
• 30:15
  well,
• 30:15
  you've
• 30:15
  signed
• 30:15
  up
• 30:16
  for
• 30:16
  that
• 30:16
  one
• 30:16
  now
• 30:16
  you
• 30:16
  must
• 30:16
  stay
• 30:17
  with
• 30:17
  it
• 30:17
  for
• 30:17
  the
• 30:17
  rest
• 30:17
  of
• 30:17
  your
• 30:17
  life.
• 30:18
  Like,
• 30:18
  this
• 30:18
  isn't
• 30:19
  a
• 30:19
  marriage.
• 30:20
  Right.
• 30:20
  Like,
• 30:20
  if
• 30:21
  it
• 30:21
  doesn't
• 30:21
  work,
• 30:21
  I
• 30:21
  can
• 30:21
  change.
• 30:22
  And
• 30:22
  so
• 30:23
  for
• 30:23
  me,
• 30:23
  I'm
• 30:23
  like,
• 30:24
  I
• 30:24
  learn
• 30:24
  by
• 30:24
  doing.
• 30:25
  And
• 30:25
  so
• 30:25
  I
• 30:26
  just
• 30:26
  need
• 30:26
  to
• 30:26
  get
• 30:26
  in
• 30:26
  there
• 30:26
  and
• 30:26
  fiddle
• 30:27
  around
• 30:27
  and
• 30:27
  play
• 30:27
  with
• 30:27
  it.
• 30:27
  And
• 30:28
  then
• 30:28
  if
• 30:28
  it's
• 30:28
  not
• 30:28
  for
• 30:28
  me,
• 30:29
  it's
• 30:29
  not
• 30:29
  for
• 30:29
  me.
• 30:29
  Totally
• 30:30
  100%.
• 30:31
  And
• 30:31
  we
• 30:31
  don't
• 30:32
  expect
• 30:32
  ourselves
• 30:32
  to
• 30:32
  be
• 30:33
  perfect
• 30:33
  with
• 30:33
  anything
• 30:33
  else.
• 30:33
  And
• 30:34
  I
• 30:34
  know
• 30:34
  sometimes
• 30:34
  it
• 30:35
  can
• 30:35
  feel
• 30:35
  like
• 30:36
  there's
• 30:36
  so
• 30:36
  much
• 30:36
  pressure
• 30:37
  on
• 30:37
  with
• 30:37
  our
• 30:37
  money,
• 30:38
  but,
• 30:38
  you
• 30:38
  know,
• 30:38
  I
• 30:39
  was
• 30:39
  literally
• 30:39
  having
• 30:39
  this
• 30:40
  conversation
• 30:40
  with
• 30:40
  someone
• 30:40
  the
• 30:40
  other
• 30:41
  day
• 30:41
  where
• 30:41
  the
• 30:42
  cost
• 30:42
  of
• 30:42
  inaction
• 30:43
  is
• 30:43
  often
• 30:45
  so
• 30:45
  much
• 30:45
  higher
• 30:45
  than
• 30:46
  the
• 30:46
  cost
• 30:46
  of
• 30:46
  imperfect
• 30:47
  action.
• 30:48
  Same
• 30:48
  as
• 30:48
  you.
• 30:49
  I've
• 30:49
  changed
• 30:49
  my
• 30:49
  KiwiSaver
• 30:50
  provider
• 30:50
  massively.
• 30:51
  Yeah,
• 30:51
  exactly.
• 30:52
  Sorry,
• 30:52
  you
• 30:53
  finished
• 30:53
  that.
• 30:53
  Yeah.
• 30:54
  We
• 30:54
  said
• 30:54
  before
• 30:54
  of
• 30:54
  10%.
• 30:55
  Right.
• 30:56
  If
• 30:56
  the
• 30:56
  average
• 30:57
  of
• 30:57
  10%,
• 30:58
  if
• 30:58
  it
• 30:58
  takes
• 30:58
  you
• 30:58
  two
• 30:59
  years
• 30:59
  to
• 30:59
  figure
• 30:59
  out
• 30:59
  which
• 31:00
  platform
• 31:00
  to
• 31:00
  use,
• 31:00
  you've
• 31:01
  potentially
• 31:01
  lost
• 31:01
  10%
• 31:02
  growth
• 31:02
  in
• 31:02
  both
• 31:02
  of
• 31:03
  those
• 31:03
  years.
• 31:03
  Right.
• 31:03
  So
• 31:04
  let's
• 31:04
  just.
• 31:04
  It's
• 31:05
  that
• 31:05
  whole
• 31:05
  time
• 31:05
  in
• 31:05
  the
• 31:06
  market.
• 31:06
  Like,
• 31:06
  let's
• 31:07
  just
• 31:07
  get
• 31:07
  in
• 31:07
  there.
• 31:08
  Yeah.
• 31:08
  And
• 31:09
  explore
• 31:10
  and
• 31:10
  just.
• 31:12
  And
• 31:12
  I
• 31:12
  think
• 31:12
  sometimes
• 31:12
  we
• 31:13
  make
• 31:13
  it
• 31:13
  into
• 31:13
  a
• 31:13
  bigger
• 31:14
  thing
• 31:14
  than
• 31:14
  it
• 31:14
  is.
• 31:14
  You
• 31:14
  know,
• 31:15
  it's
• 31:15
  like
• 31:15
  such
• 31:15
  a
• 31:16
  scene.
• 31:16
  I've
• 31:16
  got
• 31:16
  to
• 31:16
  change
• 31:17
  my
• 31:17
  kiwisaver.
• 31:18
  And
• 31:18
  then
• 31:18
  you
• 31:18
  click
• 31:18
  a
• 31:18
  few
• 31:18
  buttons.
• 31:19
  And
• 31:19
  you're
• 31:19
  like,
• 31:19
  yeah,
• 31:19
  you
• 31:19
  don't
• 31:20
  even
• 31:20
  have
• 31:20
  to
• 31:20
  do
• 31:20
  anything.
• 31:21
  It's
• 31:21
  actually
• 31:22
  done
• 31:22
  for
• 31:22
  me.
• 31:22
  Do
• 31:22
  you
• 31:23
  know
• 31:23
  what
• 31:23
  I
• 31:23
  mean?
• 31:23
  And
• 31:23
  I
• 31:23
  click
• 31:23
  maybe
• 31:24
  three
• 31:24
  buttons.
• 31:24
  Yeah.
• 31:25
  You
• 31:25
  don't
• 31:25
  have
• 31:25
  to
• 31:25
  call
• 31:26
  them
• 31:26
  and
• 31:26
  be
• 31:26
  like,
• 31:26
  it's
• 31:27
  not
• 31:27
  me,
• 31:27
  it's
• 31:27
  you.
• 31:27
  You
• 31:27
  don't
• 31:28
  have
• 31:28
  to
• 31:28
  have
• 31:28
  all
• 31:28
  those
• 31:28
  awkward
• 31:29
  conversations.
• 31:29
  They
• 31:30
  do
• 31:30
  all
• 31:30
  that
• 31:30
  for
• 31:30
  you.
• 31:31
  Right.
• 31:32
  You
• 31:32
  can
• 31:32
  do
• 31:32
  it
• 31:32
  from
• 31:32
  the
• 31:32
  safety
• 31:33
  behind
• 31:33
  the
• 31:33
  screen.
• 31:34
  Do
• 31:34
  the
• 31:34
  thing.
• 31:35
  Exactly.
• 31:36
  Exactly.
• 31:36
  Guys,
• 31:37
  I
• 31:37
  love
• 31:37
  this.
• 31:37
  I
• 31:37
  love
• 31:38
  this.
• 31:39
  Katie,
• 31:39
  you
• 31:40
  must
• 31:40
  see
• 31:41
  a
• 31:41
  lot
• 31:41
  of
• 31:41
  numbers
• 31:41
  thrown
• 31:42
  around
• 31:42
  as
• 31:42
  the
• 31:42
  deadline
• 31:43
  for
• 31:43
  achieving
• 31:43
  financial
• 31:43
  independence.
• 31:44
  I've
• 31:44
  seen
• 31:45
  a
• 31:45
  lot
• 31:45
  of
• 31:46
  different
• 31:46
  versions.
• 31:48
  Some
• 31:48
  people
• 31:48
  say
• 31:48
  a
• 31:49
  million
• 31:49
  dollars
• 31:49
  invested.
• 31:50
  Some
• 31:51
  people
• 31:51
  say
• 31:51
  25
• 31:52
  times
• 31:52
  your
• 31:52
  annual
• 31:53
  expenses.
• 31:54
  All
• 31:54
  sorts
• 31:55
  of
• 31:55
  other
• 31:55
  variations,
• 31:56
  and
• 31:57
  basically
• 31:57
  they
• 31:57
  all
• 31:57
  just
• 31:58
  sound
• 31:58
  like
• 31:58
  huge
• 31:58
  goals.
• 31:59
  Do
• 32:00
  you
• 32:00
  think
• 32:00
  these
• 32:00
  are
• 32:01
  accurate
• 32:01
  deadline
• 32:02
  figures?
• 32:03
  I
• 32:04
  think
• 32:04
  they're
• 32:04
  useful
• 32:05
  conversation
• 32:05
  starters,
• 32:06
  but
• 32:06
  they
• 32:06
  can
• 32:07
  actually
• 32:07
  derail
• 32:07
  some
• 32:07
  people
• 32:08
  and
• 32:08
  just
• 32:08
  shut
• 32:08
  them
• 32:09
  completely
• 32:09
  off
• 32:09
  because
• 32:10
  they
• 32:10
  think,
• 32:10
  oh,
• 32:10
  it's
• 32:10
  just
• 32:10
  impossible.
• 32:11
  Why
• 32:11
  start?
• 32:12
  So
• 32:13
  I
• 32:13
  think
• 32:13
  these
• 32:13
  numbers
• 32:14
  are
• 32:14
  not
• 32:15
  necessarily
• 32:15
  wrong.
• 32:16
  They're
• 32:16
  just
• 32:16
  incomplete.
• 32:18
  And
• 32:18
  your
• 32:18
  real
• 32:19
  number
• 32:19
  depends
• 32:20
  on
• 32:20
  your
• 32:21
  own
• 32:21
  situation,
• 32:22
  like
• 32:22
  your
• 32:23
  housing,
• 32:23
  your
• 32:24
  health,
• 32:25
  your
• 32:26
  family,
• 32:26
  your
• 32:27
  kiwisaver,
• 32:27
  your
• 32:28
  debt,
• 32:28
  and
• 32:28
  whether
• 32:29
  you
• 32:29
  want
• 32:29
  to
• 32:29
  stop
• 32:30
  working
• 32:30
  entirely
• 32:31
  or
• 32:31
  just
• 32:32
  buy
• 32:32
  some
• 32:32
  more
• 32:33
  freedom.
• 32:34
  And
• 32:34
  when
• 32:35
  I
• 32:35
  work
• 32:35
  with
• 32:35
  my
• 32:36
  clients,
• 32:36
  it's
• 32:36
  more
• 32:37
  about
• 32:38
  breaking
• 32:38
  it
• 32:38
  into
• 32:39
  almost
• 32:40
  milestones.
• 32:42
  So
• 32:43
  just
• 32:43
  reiterating
• 32:44
  for
• 32:45
  what
• 32:45
  that
• 32:45
  would
• 32:45
  look
• 32:45
  like
• 32:46
  for
• 32:46
  lots
• 32:46
  of
• 32:46
  people.
• 32:47
  It's
• 32:47
  kind
• 32:47
  of
• 32:47
  strengthening
• 32:48
  the
• 32:49
  foundation,
• 32:49
  creating
• 32:50
  that
• 32:50
  surplus
• 32:51
  to
• 32:51
  invest
• 32:52
  really
• 32:52
  consistently,
• 32:54
  reduce
• 32:54
  the
• 32:55
  debt
• 32:55
  risk
• 32:55
  in
• 32:56
  terms
• 32:56
  of
• 32:56
  that
• 32:56
  mortgage
• 32:57
  and
• 32:57
  keep
• 32:58
  increasing
• 32:58
  choice.
• 33:00
  So
• 33:00
  I
• 33:00
  think
• 33:00
  a
• 33:00
  big
• 33:00
  number
• 33:01
  can
• 33:01
  motivate
• 33:02
  some
• 33:02
  people
• 33:02
  and
• 33:02
  paralyze
• 33:03
  others.
• 33:04
  In
• 33:04
  my
• 33:05
  experience,
• 33:05
  it's
• 33:06
  those
• 33:06
  milestones
• 33:07
  that
• 33:07
  you
• 33:08
  kind
• 33:08
  of
• 33:08
  hit
• 33:09
  that
• 33:09
  kind
• 33:09
  of
• 33:09
  keep
• 33:10
  people
• 33:10
  kind
• 33:11
  of
• 33:11
  moving
• 33:11
  forward.
• 33:12
  Yeah.
• 33:13
  So
• 33:13
  break
• 33:13
  it
• 33:13
  into.
• 33:14
  What's
• 33:14
  the
• 33:15
  old.
• 33:15
  Eat
• 33:15
  an
• 33:15
  elephant
• 33:16
  one
• 33:16
  bite
• 33:16
  at
• 33:16
  a
• 33:16
  time.
• 33:16
  Exactly
• 33:17
  right.
• 33:17
  Break
• 33:17
  it
• 33:17
  into
• 33:18
  those
• 33:18
  chunks
• 33:19
  so
• 33:19
  that
• 33:19
  you
• 33:19
  might
• 33:20
  be
• 33:20
  aiming
• 33:20
  for
• 33:20
  something
• 33:20
  big,
• 33:20
  which
• 33:21
  is
• 33:21
  really
• 33:21
  exciting,
• 33:22
  but
• 33:22
  you've
• 33:22
  got
• 33:23
  moments
• 33:23
  along
• 33:23
  the
• 33:23
  way
• 33:23
  that
• 33:24
  you're
• 33:24
  celebrating.
• 33:25
  Yeah.
• 33:25
  And
• 33:26
  I
• 33:26
  think
• 33:26
  that's
• 33:26
  what
• 33:26
  life
• 33:27
  is.
• 33:27
  Right.
• 33:27
  It's
• 33:28
  kind
• 33:28
  of
• 33:28
  catching
• 33:28
  the
• 33:28
  wins,
• 33:29
  learning
• 33:29
  the
• 33:29
  lessons.
• 33:30
  No
• 33:30
  one
• 33:30
  does
• 33:31
  it
• 33:31
  perfectly,
• 33:32
  but
• 33:32
  it's
• 33:32
  the
• 33:32
  trajectory
• 33:33
  that
• 33:33
  counts.
• 33:34
  And
• 33:34
  that,
• 33:34
  again,
• 33:34
  is
• 33:35
  really
• 33:35
  important.
• 33:35
  And
• 33:36
  you'll
• 33:36
  get
• 33:36
  things
• 33:36
  wrong.
• 33:37
  You
• 33:37
  will.
• 33:38
  Oh,
• 33:38
  well,
• 33:39
  catch
• 33:39
  the
• 33:39
  lesson,
• 33:40
  move
• 33:40
  on
• 33:40
  and
• 33:40
  don't
• 33:41
  do
• 33:41
  it
• 33:41
  again.
• 33:41
  It's
• 33:41
  momentum.
• 33:42
  Yeah,
• 33:42
  100%.
• 33:43
  100%.
• 33:44
  Bronwyn,
• 33:44
  what
• 33:44
  about
• 33:45
  you?
• 33:45
  As
• 33:45
  you're
• 33:45
  on
• 33:46
  this
• 33:46
  journey,
• 33:46
  as
• 33:47
  well
• 33:47
  as
• 33:48
  coaching
• 33:49
  clients
• 33:49
  through
• 33:49
  it,
• 33:50
  is
• 33:50
  there
• 33:50
  any
• 33:51
  specific
• 33:51
  number
• 33:51
  that
• 33:52
  you
• 33:52
  aim
• 33:53
  for
• 33:53
  or
• 33:53
  think
• 33:54
  is
• 33:54
  helpful
• 33:54
  to
• 33:54
  aim
• 33:55
  for,
• 33:55
  or
• 33:55
  are
• 33:55
  you
• 33:56
  not
• 33:56
  really
• 33:56
  on
• 33:56
  that
• 33:56
  train?
• 33:57
  Oh,
• 33:57
  no,
• 33:57
  I'm
• 33:57
  totally
• 33:57
  on
• 33:58
  that
• 33:58
  train.
• 33:59
  So,
• 33:59
  you
• 33:59
  know,
• 34:00
  as
• 34:00
  someone
• 34:00
  who
• 34:01
  identifies
• 34:01
  as
• 34:02
  being
• 34:02
  part
• 34:02
  of
• 34:02
  the
• 34:03
  financial
• 34:03
  independence
• 34:03
  movement,
• 34:04
  we're
• 34:04
  totally
• 34:04
  on
• 34:05
  that
• 34:05
  train.
• 34:05
  So
• 34:06
  I
• 34:06
  guess
• 34:06
  my
• 34:06
  thinking
• 34:07
  for
• 34:07
  me
• 34:07
  is
• 34:07
  that
• 34:08
  if
• 34:08
  you
• 34:08
  don't
• 34:09
  know,
• 34:09
  like
• 34:10
  Alice
• 34:10
  in
• 34:10
  Wonderland
• 34:10
  quote,
• 34:11
  right?
• 34:11
  If
• 34:11
  you
• 34:11
  don't
• 34:11
  know
• 34:11
  where
• 34:11
  you're
• 34:12
  going,
• 34:12
  any
• 34:12
  road
• 34:12
  will
• 34:13
  get
• 34:13
  you
• 34:13
  there.
• 34:13
  And
• 34:14
  so
• 34:14
  I
• 34:14
  find
• 34:14
  that
• 34:15
  number
• 34:15
  that
• 34:15
  I'm
• 34:15
  trying
• 34:16
  to
• 34:16
  hit
• 34:16
  motivational.
• 34:17
  But
• 34:17
  I
• 34:18
  have
• 34:18
  also
• 34:18
  seen
• 34:18
  with
• 34:18
  my
• 34:18
  clients
• 34:19
  like
• 34:19
  you
• 34:19
  have,
• 34:19
  Katie,
• 34:20
  that
• 34:20
  some
• 34:20
  people
• 34:20
  just
• 34:20
  go
• 34:21
  and
• 34:21
  freak
• 34:21
  out.
• 34:22
  So
• 34:22
  it's
• 34:22
  just
• 34:22
  about
• 34:24
  knowing
• 34:24
  a
• 34:24
  little
• 34:24
  bit
• 34:25
  about
• 34:25
  yourself
• 34:25
  and
• 34:25
  choosing
• 34:26
  what
• 34:26
  motivates
• 34:27
  you
• 34:27
  and
• 34:27
  knowing
• 34:27
  what
• 34:27
  intimidates
• 34:28
  you
• 34:28
  and
• 34:28
  knowing
• 34:29
  the
• 34:29
  difference.
• 34:29
  But
• 34:30
  for
• 34:30
  me,
• 34:30
  I'm
• 34:31
  aiming
• 34:31
  for
• 34:31
  25
• 34:32
  times
• 34:32
  my
• 34:32
  expenses
• 34:33
  because
• 34:33
  I'm
• 34:33
  aiming
• 34:34
  to
• 34:34
  live
• 34:34
  with
• 34:34
  a
• 34:34
  4%
• 34:35
  rule,
• 34:35
  right?
• 34:35
  So
• 34:36
  with
• 34:36
  that,
• 34:37
  though,
• 34:37
  it's
• 34:37
  really
• 34:38
  important
• 34:38
  to
• 34:38
  remember
• 34:39
  that
• 34:39
  this
• 34:39
  is
• 34:39
  also
• 34:39
  a
• 34:40
  season
• 34:40
  of
• 34:40
  life,
• 34:40
  and
• 34:41
  that
• 34:41
  will
• 34:41
  be
• 34:41
  a
• 34:41
  different
• 34:41
  season
• 34:42
  of
• 34:42
  life.
• 34:42
  So
• 34:43
  you
• 34:43
  might
• 34:43
  make
• 34:44
  100k
• 34:44
  a
• 34:44
  year
• 34:45
  now,
• 34:45
  and
• 34:45
  you
• 34:45
  might
• 34:45
  feel
• 34:46
  like
• 34:46
  you're
• 34:46
  just
• 34:46
  blowing
• 34:46
  it
• 34:47
  all.
• 34:47
  So
• 34:47
  25
• 34:48
  times,
• 34:48
  that
• 34:49
  is
• 34:50
  a
• 34:50
  really
• 34:50
  big
• 34:50
  number,
• 34:50
  right?
• 34:51
  But
• 34:51
  at
• 34:51
  the
• 34:51
  moment,
• 34:52
  I'm
• 34:52
  paying
• 34:52
  for
• 34:52
  daycare.
• 34:53
  I'm
• 34:54
  paying
• 34:54
  a
• 34:54
  higher
• 34:54
  marginal
• 34:55
  tax
• 34:55
  rate
• 34:55
  because
• 34:56
  I
• 34:56
  make
• 34:56
  100k
• 34:57
  a
• 34:57
  year.
• 34:57
  I'm
• 34:57
  buying
• 34:58
  lunch
• 34:58
  for
• 34:58
  work
• 34:58
  and
• 34:59
  coffees
• 34:59
  on
• 34:59
  the
• 34:59
  way
• 34:59
  to
• 34:59
  work
• 35:00
  every
• 35:00
  day.
• 35:00
  I'm
• 35:00
  buying
• 35:00
  outfits
• 35:01
  and
• 35:01
  getting
• 35:01
  my
• 35:01
  hair
• 35:01
  done.
• 35:02
  My
• 35:03
  life
• 35:03
  will
• 35:03
  look
• 35:03
  significantly
• 35:04
  different
• 35:04
  when
• 35:05
  I'm
• 35:05
  retired.
• 35:05
  And
• 35:05
  so
• 35:06
  that
• 35:06
  25
• 35:06
  times,
• 35:07
  it's
• 35:07
  not
• 35:07
  necessarily
• 35:08
  25
• 35:08
  times
• 35:08
  today,
• 35:09
  but
• 35:09
  it's
• 35:10
  where
• 35:10
  I
• 35:10
  want
• 35:10
  to
• 35:10
  be
• 35:11
  25
• 35:11
  times
• 35:12
  once
• 35:12
  I
• 35:12
  am
• 35:13
  retired.
• 35:13
  So
• 35:13
  I
• 35:14
  personally
• 35:14
  find
• 35:14
  that,
• 35:15
  like,
• 35:15
  really,
• 35:16
  really
• 35:16
  motivating.
• 35:16
  And
• 35:17
  remember
• 35:17
  too,
• 35:17
  that
• 35:17
  there
• 35:18
  is
• 35:18
  that
• 35:18
  concept
• 35:18
  of
• 35:18
  coast
• 35:19
  fire,
• 35:19
  right?
• 35:20
  So
• 35:20
  we
• 35:20
  can
• 35:20
  get
• 35:20
  to
• 35:20
  a
• 35:21
  point
• 35:21
  where
• 35:22
  if
• 35:22
  we
• 35:22
  contributed
• 35:23
  nothing
• 35:23
  more
• 35:23
  to
• 35:24
  our
• 35:24
  nest
• 35:24
  egg,
• 35:25
  that
• 35:25
  by
• 35:26
  the
• 35:26
  time
• 35:26
  we're
• 35:26
  65,
• 35:27
  it'll
• 35:27
  be
• 35:27
  where
• 35:28
  we
• 35:28
  want
• 35:28
  it
• 35:28
  to
• 35:28
  be
• 35:28
  anyway,
• 35:29
  right?
• 35:29
  So
• 35:29
  with
• 35:29
  no
• 35:29
  further.
• 35:30
  So,
• 35:30
  you
• 35:30
  know,
• 35:31
  that's
• 35:31
  the
• 35:31
  power
• 35:32
  of
• 35:32
  compounding
• 35:32
  interest.
• 35:32
  And
• 35:33
  that's
• 35:33
  why
• 35:33
  investing
• 35:34
  is
• 35:34
  so
• 35:34
  much
• 35:34
  more
• 35:34
  important
• 35:35
  than
• 35:35
  just
• 35:36
  saving,
• 35:36
  like,
• 35:36
  why
• 35:36
  we
• 35:37
  need
• 35:37
  to
• 35:37
  diversify
• 35:37
  here.
• 35:38
  And
• 35:39
  that's
• 35:39
  to
• 35:39
  give
• 35:39
  you
• 35:39
  that
• 35:40
  power
• 35:40
  so
• 35:40
  you
• 35:40
  can
• 35:40
  know,
• 35:41
  like,
• 35:41
  okay,
• 35:41
  we're
• 35:41
  actually
• 35:42
  at
• 35:42
  this
• 35:42
  point,
• 35:42
  if
• 35:43
  I
• 35:43
  can
• 35:43
  reach
• 35:43
  Coastfi
• 35:44
  I'm
• 35:44
  at
• 35:44
  the
• 35:45
  point
• 35:45
  where
• 35:45
  I
• 35:45
  just
• 35:46
  need
• 35:46
  to
• 35:46
  work
• 35:46
  now
• 35:47
  to
• 35:47
  cover
• 35:47
  my
• 35:48
  expenses,
• 35:49
  my
• 35:49
  daily
• 35:49
  expenses
• 35:50
  as
• 35:50
  they
• 35:50
  are
• 35:50
  now.
• 35:51
  And
• 35:51
  if
• 35:51
  I
• 35:51
  contribute
• 35:52
  nothing
• 35:52
  more
• 35:52
  to
• 35:53
  my
• 35:53
  investment,
• 35:54
  they're
• 35:54
  gonna
• 35:54
  be
• 35:54
  at
• 35:55
  the
• 35:55
  level
• 35:55
  I
• 35:55
  need
• 35:55
  them
• 35:55
  to
• 35:55
  be
• 35:56
  by
• 35:56
  the
• 35:56
  time
• 35:56
  I'm
• 35:56
  65.
• 35:58
  I
• 35:58
  think
• 35:58
  it's
• 35:58
  also
• 35:58
  important
• 35:59
  to
• 35:59
  like
• 36:00
  why
• 36:00
  we
• 36:00
  use
• 36:01
  generally
• 36:01
  that
• 36:02
  25
• 36:02
  times
• 36:03
  expenses.
• 36:04
  Is
• 36:04
  the
• 36:04
  idea
• 36:05
  being
• 36:05
  is
• 36:05
  you
• 36:06
  get
• 36:06
  to
• 36:06
  65
• 36:07
  and
• 36:07
  you
• 36:07
  can
• 36:07
  fund
• 36:08
  that
• 36:08
  great
• 36:08
  life
• 36:09
  to
• 36:09
  at
• 36:09
  least
• 36:09
  90.
• 36:10
  That's
• 36:10
  the
• 36:10
  kind
• 36:10
  of
• 36:10
  25
• 36:11
  year
• 36:11
  piece.
• 36:12
  So
• 36:13
  again,
• 36:13
  I
• 36:13
  think
• 36:13
  an
• 36:13
  important
• 36:14
  anchor
• 36:14
  point
• 36:14
  is
• 36:15
  to
• 36:15
  understand,
• 36:15
  well,
• 36:16
  what
• 36:16
  do
• 36:16
  you
• 36:16
  want
• 36:16
  your
• 36:16
  happy
• 36:17
  life
• 36:17
  to
• 36:17
  look
• 36:17
  like?
• 36:18
  Cause
• 36:18
  that's
• 36:18
  essentially
• 36:19
  what
• 36:19
  you
• 36:19
  need
• 36:19
  to
• 36:19
  facilitate.
• 36:20
  So
• 36:22
  if
• 36:22
  it
• 36:22
  turns
• 36:22
  out
• 36:22
  that
• 36:23
  you
• 36:23
  want
• 36:23
  to
• 36:23
  be
• 36:23
  on
• 36:23
  back
• 36:23
  to
• 36:23
  back
• 36:24
  to
• 36:24
  back
• 36:24
  to
• 36:24
  back
• 36:24
  cruises,
• 36:25
  right.
• 36:26
  You
• 36:26
  might
• 36:26
  need
• 36:27
  a
• 36:27
  bit
• 36:27
  of
• 36:27
  a.
• 36:27
  Game
• 36:27
  on,
• 36:28
  bigger
• 36:28
  number.
• 36:28
  Game
• 36:29
  on.
• 36:30
  I
• 36:31
  have
• 36:31
  heard
• 36:31
  of
• 36:31
  people
• 36:31
  doing
• 36:32
  that
• 36:32
  instead
• 36:32
  of
• 36:32
  a
• 36:33
  retirement
• 36:33
  home,
• 36:33
  but
• 36:33
  apparently.
• 36:34
  They
• 36:34
  work
• 36:34
  out
• 36:35
  cheaper.
• 36:35
  So
• 36:35
  maybe
• 36:36
  that's
• 36:36
  the
• 36:36
  cheap
• 36:36
  life
• 36:37
  hack.
• 36:38
  Yeah.
• 36:40
  Now
• 36:40
  for
• 36:40
  anyone
• 36:41
  who
• 36:41
  hasn't
• 36:41
  come
• 36:42
  across
• 36:42
  the
• 36:42
  25
• 36:42
  times
• 36:43
  rule
• 36:43
  before,
• 36:43
  I'm
• 36:43
  just
• 36:43
  going
• 36:43
  to
• 36:44
  do
• 36:44
  the
• 36:44
  world's
• 36:44
  fastest
• 36:45
  recap
• 36:45
  because
• 36:45
  we've
• 36:45
  sort
• 36:46
  of
• 36:46
  touched
• 36:46
  on
• 36:46
  it,
• 36:46
  but
• 36:46
  I'm
• 36:46
  just
• 36:46
  going
• 36:47
  to
• 36:47
  give
• 36:47
  a
• 36:47
  really
• 36:47
  quick
• 36:47
  recap.
• 36:48
  It's
• 36:48
  the
• 36:49
  idea
• 36:49
  of
• 36:50
  investing,
• 36:51
  importantly
• 36:52
  investing,
• 36:52
  not
• 36:53
  saving
• 36:54
  25
• 36:55
  times
• 36:55
  your
• 36:56
  expenses,
• 36:57
  which
• 36:57
  Bronwyn
• 36:58
  touched
• 36:58
  on
• 36:58
  and
• 36:58
  I
• 36:58
  think
• 36:59
  is
• 36:59
  really
• 36:59
  important.
• 37:00
  This
• 37:00
  is
• 37:00
  not
• 37:00
  necessarily
• 37:01
  how
• 37:01
  much
• 37:01
  you
• 37:02
  earn.
• 37:03
  It
• 37:03
  is
• 37:03
  how
• 37:03
  much
• 37:03
  your
• 37:03
  life
• 37:04
  costs
• 37:04
  or
• 37:04
  how
• 37:05
  much
• 37:05
  your
• 37:05
  life
• 37:05
  would
• 37:05
  cost
• 37:06
  once
• 37:07
  you
• 37:07
  hit
• 37:07
  your
• 37:07
  financial
• 37:07
  independence
• 37:08
  or
• 37:08
  financial
• 37:08
  freedom
• 37:09
  number.
• 37:10
  So
• 37:10
  if
• 37:10
  you're
• 37:10
  planning
• 37:11
  on
• 37:11
  quitting
• 37:11
  your
• 37:11
  job,
• 37:12
  you
• 37:12
  might
• 37:12
  not
• 37:12
  have
• 37:12
  to
• 37:12
  fund
• 37:13
  your
• 37:13
  commute.
• 37:13
  If
• 37:14
  your
• 37:14
  kids
• 37:14
  have
• 37:14
  grown
• 37:14
  up,
• 37:14
  you
• 37:15
  might
• 37:15
  not
• 37:15
  be
• 37:15
  funding
• 37:15
  daycare,
• 37:16
  you
• 37:16
  might
• 37:16
  not
• 37:16
  be
• 37:16
  funding
• 37:17
  fancy
• 37:17
  work
• 37:18
  clothes.
• 37:18
  So
• 37:19
  I
• 37:19
  think
• 37:19
  that's
• 37:19
  really
• 37:19
  important
• 37:19
  is
• 37:20
  looking
• 37:20
  at
• 37:20
  what
• 37:20
  does
• 37:20
  my
• 37:20
  life
• 37:21
  actually
• 37:21
  cost?
• 37:21
  What
• 37:22
  does
• 37:22
  the
• 37:22
  life
• 37:22
  that
• 37:22
  I
• 37:23
  want,
• 37:23
  as
• 37:23
  Katie
• 37:24
  pointed
• 37:24
  out,
• 37:24
  what
• 37:25
  does
• 37:25
  the
• 37:25
  life
• 37:25
  that
• 37:25
  I
• 37:26
  want
• 37:26
  costs?
• 37:27
  And
• 37:27
  then
• 37:27
  what
• 37:27
  is
• 37:27
  25
• 37:28
  times
• 37:28
  that?
• 37:29
  And
• 37:29
  when
• 37:29
  it's
• 37:29
  invested
• 37:30
  in
• 37:30
  something
• 37:30
  like
• 37:30
  the
• 37:31
  share
• 37:31
  market,
• 37:31
  as
• 37:31
  I
• 37:31
  talked
• 37:32
  about
• 37:32
  earlier,
• 37:33
  it's
• 37:33
  got
• 37:33
  that
• 37:33
  growth
• 37:34
  rate
• 37:34
  of
• 37:34
  about
• 37:34
  10%
• 37:35
  per
• 37:35
  year.
• 37:35
  Take
• 37:36
  out
• 37:36
  taxes,
• 37:36
  fees,
• 37:37
  whatever,
• 37:38
  and
• 37:38
  inflation.
• 37:39
  Then
• 37:39
  maybe
• 37:39
  we
• 37:39
  take
• 37:39
  it
• 37:39
  to
• 37:40
  7%
• 37:40
  per
• 37:40
  year
• 37:41
  of
• 37:41
  cash
• 37:42
  in
• 37:42
  hand.
• 37:43
  You
• 37:43
  can
• 37:44
  then
• 37:44
  take
• 37:44
  out
• 37:45
  4%
• 37:45
  of
• 37:46
  that
• 37:46
  money,
• 37:47
  ideally
• 37:47
  forever.
• 37:48
  This
• 37:48
  is
• 37:48
  what
• 37:48
  the
• 37:48
  researchers
• 37:49
  say,
• 37:49
  that
• 37:49
  you
• 37:49
  can
• 37:50
  take
• 37:50
  out
• 37:50
  4%
• 37:50
  of
• 37:51
  that
• 37:51
  then
• 37:51
  every
• 37:51
  year
• 37:52
  because
• 37:52
  it's
• 37:52
  actually
• 37:52
  growing
• 37:53
  faster.
• 37:53
  So
• 37:54
  even
• 37:54
  in
• 37:54
  dip
• 37:54
  years
• 37:55
  you
• 37:55
  can
• 37:55
  keep
• 37:55
  taking
• 37:56
  out
• 37:56
  that
• 37:56
  4%.
• 37:57
  So
• 37:58
  very
• 37:58
  fast.
• 37:58
  Recap.
• 37:59
  There's
• 38:00
  and
• 38:00
  I
• 38:00
  think
• 38:01
  as
• 38:01
  you
• 38:01
  pointed
• 38:02
  out,
• 38:02
  bronwyn
• 38:03
  There
• 38:03
  are
• 38:03
  also
• 38:03
  other
• 38:04
  versions
• 38:04
  of
• 38:04
  financial
• 38:05
  independence.
• 38:05
  If
• 38:05
  people
• 38:06
  don't
• 38:06
  want
• 38:06
  to
• 38:06
  stop
• 38:07
  working,
• 38:08
  they
• 38:08
  just
• 38:08
  want
• 38:09
  to
• 38:09
  have
• 38:09
  more
• 38:09
  options
• 38:10
  and
• 38:10
  more
• 38:10
  freedom
• 38:11
  and
• 38:11
  things
• 38:11
  like
• 38:11
  that,
• 38:12
  then
• 38:12
  you
• 38:13
  can
• 38:13
  have,
• 38:14
  there's
• 38:14
  the
• 38:15
  coast
• 38:15
  Fi,
• 38:16
  there's
• 38:16
  things
• 38:16
  like
• 38:16
  the
• 38:16
  barista
• 38:17
  Fi,
• 38:18
  which
• 38:18
  you
• 38:19
  might
• 38:19
  work
• 38:20
  part
• 38:20
  time
• 38:20
  but
• 38:21
  just
• 38:21
  your
• 38:21
  basic,
• 38:22
  of
• 38:22
  most
• 38:22
  basic
• 38:23
  living
• 38:24
  costs
• 38:24
  are
• 38:24
  covered,
• 38:25
  but
• 38:25
  you
• 38:25
  have
• 38:25
  a
• 38:25
  part
• 38:25
  time
• 38:26
  job
• 38:26
  for
• 38:26
  the
• 38:26
  luxuries
• 38:27
  of
• 38:27
  life.
• 38:27
  And
• 38:28
  that's
• 38:28
  a
• 38:28
  very
• 38:28
  low
• 38:28
  stress
• 38:29
  lifestyle.
• 38:30
  You
• 38:30
  know,
• 38:30
  there's
• 38:30
  all
• 38:30
  sorts
• 38:31
  of
• 38:31
  ways,
• 38:32
  right,
• 38:32
  that
• 38:32
  you
• 38:33
  can
• 38:33
  make
• 38:34
  this
• 38:34
  work.
• 38:35
  I
• 38:35
  mean,
• 38:35
  Bronwyn,
• 38:36
  I
• 38:36
  hope
• 38:36
  this
• 38:36
  isn't
• 38:36
  getting
• 38:36
  too
• 38:37
  personal.
• 38:37
  Feel
• 38:37
  free
• 38:37
  to
• 38:37
  deflect
• 38:38
  if
• 38:38
  it
• 38:38
  is.
• 38:39
  But
• 38:39
  you
• 38:39
  know,
• 38:40
  does
• 38:40
  your
• 38:40
  version
• 38:41
  of
• 38:41
  it
• 38:42
  include
• 38:42
  fully
• 38:43
  retiring
• 38:44
  or,
• 38:44
  you
• 38:44
  know,
• 38:44
  what
• 38:44
  are
• 38:45
  you
• 38:45
  aiming
• 38:45
  for
• 38:45
  yourself?
• 38:46
  Yeah,
• 38:47
  yeah.
• 38:47
  I
• 38:47
  mean,
• 38:47
  eventually
• 38:48
  it
• 38:48
  does,
• 38:48
  right?
• 38:48
  Like
• 38:49
  eventually
• 38:49
  I
• 38:49
  would
• 38:49
  like
• 38:50
  to
• 38:50
  be
• 38:50
  stepping
• 38:50
  away
• 38:51
  from.
• 38:51
  So
• 38:51
  my
• 38:51
  goal,
• 38:52
  I'm
• 38:52
  45
• 38:52
  now,
• 38:53
  is
• 38:53
  to
• 38:53
  retire
• 38:54
  from
• 38:54
  full
• 38:54
  time
• 38:54
  work
• 38:54
  at
• 38:55
  55.
• 38:56
  And
• 38:56
  so
• 38:56
  it
• 38:56
  gives
• 38:57
  me
• 38:57
  another
• 38:57
  10
• 38:57
  years.
• 38:58
  I
• 38:58
  think
• 38:59
  that
• 38:59
  once
• 38:59
  I
• 39:00
  get
• 39:00
  to
• 39:00
  55,
• 39:00
  I
• 39:00
  don't
• 39:01
  imagine
• 39:01
  myself
• 39:02
  working
• 39:02
  through
• 39:03
  the
• 39:03
  1001
• 39:04
  movies
• 39:04
  to
• 39:04
  watch
• 39:04
  before
• 39:04
  you
• 39:05
  die.
• 39:05
  Right.
• 39:05
  I
• 39:06
  intend
• 39:06
  to
• 39:07
  still
• 39:07
  be
• 39:07
  productive
• 39:08
  and
• 39:08
  still
• 39:08
  do
• 39:08
  some
• 39:09
  awesome
• 39:09
  stuff.
• 39:09
  But
• 39:10
  I
• 39:10
  wanna
• 39:10
  be
• 39:10
  able
• 39:10
  to
• 39:10
  do
• 39:11
  it
• 39:11
  without
• 39:11
  the
• 39:11
  pressure
• 39:12
  of
• 39:12
  work.
• 39:12
  And
• 39:13
  like
• 39:13
  you
• 39:13
  said
• 39:13
  before,
• 39:13
  if
• 39:13
  I
• 39:13
  decide
• 39:14
  that
• 39:14
  I
• 39:14
  wanna
• 39:14
  be
• 39:14
  like
• 39:14
  a
• 39:14
  barista,
• 39:15
  you
• 39:15
  know,
• 39:16
  or
• 39:16
  maybe
• 39:16
  like
• 39:16
  I
• 39:16
  joked
• 39:17
  that
• 39:17
  I
• 39:17
  like
• 39:17
  when
• 39:18
  I
• 39:18
  was
• 39:18
  a
• 39:18
  kid
• 39:18
  I
• 39:18
  was
• 39:18
  a
• 39:19
  checkout
• 39:19
  operator
• 39:20
  at
• 39:20
  the
• 39:20
  warehouse,
• 39:20
  I'll
• 39:20
  like
• 39:20
  just
• 39:21
  go
• 39:21
  back
• 39:21
  to
• 39:21
  that,
• 39:21
  you
• 39:22
  know,
• 39:22
  like,
• 39:22
  not
• 39:23
  that
• 39:23
  they
• 39:23
  use
• 39:23
  humans
• 39:23
  for
• 39:23
  that
• 39:24
  anymore
• 39:24
  actually,
• 39:24
  but.
• 39:25
  But
• 39:26
  just
• 39:27
  something
• 39:27
  that
• 39:27
  releases
• 39:27
  that
• 39:27
  headspace
• 39:28
  and
• 39:28
  lets
• 39:28
  me
• 39:29
  enjoy
• 39:29
  my
• 39:29
  life
• 39:30
  is
• 39:30
  definitely
• 39:30
  a
• 39:30
  choice.
• 39:31
  I
• 39:31
  found
• 39:31
  it
• 39:32
  really
• 39:32
  fascinating.
• 39:32
  A
• 39:32
  few
• 39:33
  years
• 39:33
  ago
• 39:33
  I
• 39:33
  watched
• 39:33
  a
• 39:33
  documentary
• 39:34
  called
• 39:34
  Playing
• 39:34
  with
• 39:35
  Fire,
• 39:35
  which
• 39:35
  was
• 39:35
  about
• 39:36
  that
• 39:36
  sort
• 39:36
  of
• 39:36
  fire
• 39:36
  movement
• 39:37
  and
• 39:37
  about
• 39:37
  a
• 39:37
  couple
• 39:37
  and
• 39:37
  their
• 39:38
  journey
• 39:38
  discovering
• 39:39
  it.
• 39:39
  It's
• 39:39
  really
• 39:39
  cool.
• 39:40
  I
• 39:40
  think
• 39:40
  you
• 39:40
  can
• 39:40
  find
• 39:40
  it
• 39:40
  on
• 39:41
  Vimeo.
• 39:42
  They
• 39:42
  sat
• 39:43
  down
• 39:43
  independently,
• 39:43
  husband
• 39:44
  and
• 39:44
  wife,
• 39:44
  and
• 39:45
  wrote
• 39:45
  a
• 39:45
  list
• 39:45
  of
• 39:45
  give
• 39:46
  me
• 39:46
  the
• 39:46
  top
• 39:47
  five
• 39:47
  or
• 39:47
  10
• 39:48
  things
• 39:48
  that
• 39:48
  sparked
• 39:48
  the
• 39:49
  most
• 39:49
  joy
• 39:49
  in
• 39:49
  your
• 39:49
  life.
• 39:49
  What's
• 39:50
  the,
• 39:50
  what's
• 39:50
  the
• 39:51
  best
• 39:51
  things
• 39:51
  that
• 39:51
  you
• 39:51
  do?
• 39:52
  The
• 39:52
  majority
• 39:53
  of
• 39:53
  the
• 39:53
  things
• 39:53
  at
• 39:53
  the
• 39:53
  top
• 39:54
  of
• 39:54
  their
• 39:54
  list
• 39:54
  were
• 39:54
  free.
• 39:55
  Right?
• 39:55
  Like
• 39:55
  hanging
• 39:56
  out
• 39:56
  with
• 39:56
  my
• 39:56
  kid,
• 39:57
  going
• 39:57
  for
• 39:57
  a
• 39:58
  walk
• 39:58
  along
• 39:58
  the
• 39:58
  beach.
• 39:59
  Yeah,
• 39:59
  maybe
• 40:00
  like
• 40:00
  one
• 40:01
  of
• 40:01
  them
• 40:01
  was
• 40:01
  buying
• 40:01
  the
• 40:01
  expensive
• 40:02
  chocolate,
• 40:02
  right?
• 40:03
  Still
• 40:03
  like
• 40:03
  10
• 40:03
  bucks,
• 40:04
  you
• 40:04
  know.
• 40:04
  So
• 40:05
  like,
• 40:05
  let's
• 40:06
  just
• 40:06
  be
• 40:06
  a
• 40:06
  little
• 40:06
  bit
• 40:06
  more
• 40:06
  intentional.
• 40:07
  Find
• 40:07
  out
• 40:07
  what
• 40:08
  really
• 40:08
  does
• 40:08
  spar
• 40:08
  joy
• 40:09
  and
• 40:09
  focus
• 40:09
  on
• 40:10
  those
• 40:10
  and
• 40:10
  give
• 40:10
  away
• 40:11
  the
• 40:11
  rest.
• 40:11
  Yeah,
• 40:12
  yeah,
• 40:13
  exactly.
• 40:13
  Absolutely.
• 40:15
  Some
• 40:15
  great
• 40:15
  comments
• 40:16
  coming
• 40:16
  through
• 40:16
  as
• 40:16
  well
• 40:17
  from
• 40:17
  Tommy
• 40:18
  Saying,
• 40:18
  just
• 40:18
  finished
• 40:19
  reading
• 40:19
  the
• 40:19
  J.L.
• 40:20
  Collins
• 40:20
  book,
• 40:21
  which
• 40:21
  I
• 40:21
  assume
• 40:22
  is
• 40:22
  the
• 40:22
  Simple
• 40:22
  Path
• 40:23
  to
• 40:23
  Wealth,
• 40:24
  which
• 40:25
  also
• 40:25
  a
• 40:25
  fantastic
• 40:26
  book.
• 40:27
  Tommy
• 40:27
  says
• 40:28
  a
• 40:28
  light
• 40:28
  bulb
• 40:28
  moment
• 40:29
  for
• 40:29
  me.
• 40:29
  WISH
• 40:29
  it
• 40:29
  came
• 40:29
  20
• 40:30
  years
• 40:30
  earlier.
• 40:31
  And
• 40:31
  I
• 40:31
  think
• 40:32
  a
• 40:32
  lot
• 40:32
  of
• 40:32
  people
• 40:32
  feel
• 40:32
  that
• 40:32
  way,
• 40:33
  that
• 40:33
  it
• 40:33
  really
• 40:33
  can
• 40:34
  be
• 40:34
  very
• 40:34
  simple
• 40:35
  and
• 40:36
  yet
• 40:36
  we
• 40:36
  all
• 40:36
  come
• 40:37
  to
• 40:37
  it
• 40:37
  in
• 40:37
  our
• 40:37
  own
• 40:37
  time.
• 40:38
  And
• 40:39
  a
• 40:39
  lot
• 40:39
  of
• 40:39
  people
• 40:39
  in
• 40:39
  the
• 40:39
  comments
• 40:40
  as
• 40:40
  well
• 40:40
  suggesting
• 40:40
  various
• 40:42
  world
• 40:43
  funds
• 40:43
  for
• 40:43
  people
• 40:44
  to
• 40:44
  get
• 40:44
  started.
• 40:44
  I
• 40:44
  of
• 40:45
  course
• 40:45
  cannot
• 40:45
  endorse
• 40:46
  any
• 40:46
  single
• 40:47
  one
• 40:47
  because
• 40:47
  that
• 40:48
  would
• 40:48
  be
• 40:48
  investing
• 40:49
  advice
• 40:50
  and
• 40:50
  we
• 40:50
  will
• 40:50
  not
• 40:50
  be
• 40:51
  doing
• 40:51
  that
• 40:51
  here.
• 40:51
  But
• 40:51
  you
• 40:52
  know,
• 40:52
  a
• 40:52
  good
• 40:53
  global
• 40:53
  fund
• 40:54
  can
• 40:54
  be
• 40:55
  a
• 40:55
  solid,
• 40:55
  easy
• 40:56
  way
• 40:56
  to
• 40:56
  start
• 40:56
  investing.
• 40:58
  And
• 40:58
  of
• 40:58
  course
• 40:58
  talk
• 40:59
  to
• 40:59
  a
• 40:59
  financial
• 40:59
  advisor
• 41:00
  if
• 41:00
  you
• 41:00
  want
• 41:00
  to
• 41:00
  look
• 41:00
  at
• 41:00
  some
• 41:00
  options
• 41:01
  that
• 41:01
  could
• 41:02
  help
• 41:02
  you
• 41:02
  out
• 41:03
  there.
• 41:03
  Bronwyn,
• 41:04
  what
• 41:04
  about
• 41:04
  yourself
• 41:05
  as
• 41:05
  you
• 41:06
  go
• 41:06
  along
• 41:07
  this
• 41:08
  journey
• 41:08
  too?
• 41:09
  Do
• 41:09
  you
• 41:09
  have
• 41:09
  a
• 41:09
  personal
• 41:10
  favorite
• 41:11
  investment?
• 41:14
  I
• 41:14
  think
• 41:14
  that
• 41:14
  we've
• 41:14
  already
• 41:15
  clearly
• 41:15
  established
• 41:16
  I'm
• 41:16
  a
• 41:16
  passive
• 41:17
  aggressive
• 41:17
  investor,
• 41:18
  right?
• 41:20
  So
• 41:20
  I
• 41:21
  guess
• 41:21
  the
• 41:21
  answer
• 41:21
  that
• 41:21
  you're
• 41:21
  expecting
• 41:22
  here
• 41:22
  is
• 41:23
  a
• 41:23
  low
• 41:24
  cost,
• 41:24
  the
• 41:24
  cheapest
• 41:25
  possible,
• 41:25
  broadest
• 41:26
  possible
• 41:26
  index
• 41:27
  fund.
• 41:27
  But
• 41:27
  I'm
• 41:27
  actually
• 41:27
  going
• 41:28
  to
• 41:28
  give
• 41:28
  you
• 41:28
  like
• 41:28
  a
• 41:29
  bit
• 41:29
  of
• 41:29
  a
• 41:29
  leaf
• 41:29
  field
• 41:29
  answer.
• 41:30
  I
• 41:31
  think
• 41:31
  one
• 41:31
  of
• 41:31
  the
• 41:31
  biggest
• 41:32
  investments
• 41:32
  that
• 41:32
  you
• 41:33
  can
• 41:33
  make
• 41:33
  is
• 41:33
  into
• 41:33
  community
• 41:34
  and
• 41:34
  into
• 41:34
  education,
• 41:36
  right?
• 41:36
  So
• 41:36
  it
• 41:36
  doesn't
• 41:37
  then
• 41:37
  that
• 41:37
  doesn't
• 41:37
  have
• 41:37
  to
• 41:37
  cost
• 41:37
  any
• 41:38
  money.
• 41:38
  So
• 41:39
  you
• 41:39
  can
• 41:39
  find
• 41:39
  yourself
• 41:40
  a
• 41:40
  group
• 41:40
  of
• 41:40
  humans
• 41:41
  who
• 41:41
  geek
• 41:41
  out
• 41:41
  on
• 41:42
  this
• 41:42
  stuff
• 41:42
  too.
• 41:42
  Maybe
• 41:42
  they've
• 41:43
  read
• 41:43
  the
• 41:43
  Simple
• 41:43
  Path
• 41:44
  as
• 41:44
  well
• 41:44
  and
• 41:45
  just
• 41:45
  like
• 41:45
  let's
• 41:45
  normalize
• 41:46
  this,
• 41:47
  right?
• 41:47
  Let's
• 41:47
  have
• 41:47
  some
• 41:47
  conversations
• 41:48
  where
• 41:48
  it's
• 41:48
  not
• 41:49
  so
• 41:49
  intimidating
• 41:50
  because
• 41:50
  all
• 41:50
  my
• 41:50
  friends
• 41:51
  are
• 41:51
  doing
• 41:51
  it.
• 41:51
  Then
• 41:52
  all
• 41:52
  of
• 41:52
  a
• 41:52
  sudden
• 41:53
  it's
• 41:53
  not
• 41:54
  so
• 41:54
  scary.
• 41:54
  And
• 41:55
  it's
• 41:55
  the
• 41:55
  same
• 41:55
  with
• 41:55
  education.
• 41:56
  If
• 41:56
  you
• 41:56
  just
• 41:57
  take
• 41:57
  some
• 41:58
  time,
• 41:58
  maybe
• 41:58
  a
• 41:58
  little
• 41:59
  bit
• 41:59
  of
• 41:59
  money,
• 41:59
  not
• 41:59
  necessarily.
• 42:00
  And
• 42:00
  invest
• 42:01
  that
• 42:01
  into
• 42:01
  yourself
• 42:01
  and
• 42:02
  into
• 42:02
  what
• 42:03
  you
• 42:03
  understand
• 42:03
  how
• 42:04
  investments
• 42:04
  work
• 42:05
  and
• 42:05
  all
• 42:05
  of
• 42:05
  those
• 42:05
  kinds
• 42:06
  of
• 42:06
  things.
• 42:06
  And
• 42:06
  that
• 42:06
  confidence
• 42:07
  will
• 42:08
  compound.
• 42:09
  Those
• 42:09
  returns
• 42:10
  on
• 42:10
  that
• 42:10
  confidence
• 42:10
  are
• 42:11
  amazing.
• 42:11
  So
• 42:12
  yes,
• 42:12
  this
• 42:12
  is
• 42:12
  what
• 42:12
  I'm
• 42:13
  doing
• 42:13
  in
• 42:13
  real
• 42:13
  life
• 42:13
  because
• 42:14
  as
• 42:14
  we
• 42:14
  again
• 42:15
  clearly
• 42:15
  established,
• 42:16
  I'm
• 42:16
  a
• 42:16
  JL
• 42:16
  girl
• 42:17
  all
• 42:18
  the
• 42:18
  way.
• 42:18
  His
• 42:18
  stock
• 42:19
  series
• 42:19
  is
• 42:19
  free,
• 42:19
  by
• 42:20
  the
• 42:20
  way,
• 42:20
  and
• 42:20
  the
• 42:20
  book
• 42:20
  is
• 42:21
  at
• 42:21
  the
• 42:21
  library
• 42:21
  so
• 42:22
  you
• 42:22
  could
• 42:22
  start
• 42:22
  there
• 42:22
  for
• 42:23
  free.
• 42:24
  But
• 42:24
  I
• 42:24
  think
• 42:24
  it's
• 42:24
  that
• 42:24
  investment
• 42:25
  in
• 42:25
  that
• 42:25
  community.
• 42:25
  There's
• 42:26
  so
• 42:26
  much
• 42:26
  to
• 42:26
  be
• 42:26
  said
• 42:26
  for
• 42:27
  finding
• 42:27
  your
• 42:27
  humans
• 42:28
  that
• 42:28
  love
• 42:28
  to
• 42:28
  talk
• 42:28
  about
• 42:28
  this
• 42:29
  stuff
• 42:29
  and
• 42:30
  you
• 42:30
  can
• 42:30
  ask
• 42:30
  questions
• 42:31
  about
• 42:31
  how
• 42:31
  to
• 42:31
  get
• 42:31
  Pocketsmith
• 42:32
  to
• 42:32
  work
• 42:32
  and
• 42:32
  geek
• 42:32
  out
• 42:33
  on
• 42:33
  spreadsheets
• 42:33
  and
• 42:33
  that
• 42:33
  kind
• 42:34
  of
• 42:34
  thing.
• 42:34
  Both
• 42:34
  people
• 42:35
  exist
• 42:35
  and
• 42:35
  they're
• 42:36
  like
• 42:36
  they're
• 42:36
  waiting
• 42:36
  to
• 42:37
  meet
• 42:37
  you.
• 42:38
  Well,
• 42:39
  speaking
• 42:39
  of,
• 42:39
  actually,
• 42:40
  because
• 42:40
  you
• 42:40
  run
• 42:40
  a
• 42:41
  fantastic
• 42:41
  event,
• 42:41
  give
• 42:42
  us
• 42:42
  a
• 42:42
  really
• 42:42
  quick
• 42:42
  plug
• 42:43
  on
• 42:43
  that
• 42:43
  because.
• 42:43
  Am
• 42:43
  I
• 42:43
  right
• 42:43
  that
• 42:44
  tickets
• 42:44
  are
• 42:44
  open
• 42:44
  on
• 42:45
  that
• 42:45
  now?
• 42:45
  We
• 42:45
  are
• 42:45
  sold
• 42:46
  out.
• 42:46
  I'm
• 42:46
  sorry.
• 42:48
  Okay,
• 42:49
  well
• 42:49
  tell
• 42:49
  us
• 42:49
  about
• 42:49
  the
• 42:49
  event
• 42:50
  and
• 42:50
  people
• 42:50
  can
• 42:50
  try
• 42:51
  to
• 42:51
  get
• 42:51
  into
• 42:51
  it
• 42:51
  for
• 42:51
  next
• 42:52
  year
• 42:52
  maybe.
• 42:52
  Yeah.
• 42:53
  So
• 42:53
  we
• 42:53
  have
• 42:53
  a
• 42:53
  camp
• 42:54
  and
• 42:54
  a
• 42:54
  conference.
• 42:55
  There
• 42:55
  are
• 42:55
  wait
• 42:55
  list
• 42:56
  open
• 42:56
  for
• 42:56
  both.
• 42:57
  But
• 42:57
  yes,
• 42:57
  we
• 42:57
  sold
• 42:58
  out
• 42:58
  and
• 42:59
  it
• 42:59
  blew
• 42:59
  me
• 42:59
  away.
• 42:59
  I
• 43:00
  did
• 43:00
  not
• 43:00
  expect
• 43:00
  it
• 43:00
  to
• 43:01
  happen
• 43:01
  quite
• 43:01
  that
• 43:02
  quickly.
• 43:02
  So
• 43:03
  get
• 43:03
  it
• 43:03
  stuff
• 43:04
  on
• 43:04
  the
• 43:04
  waitlist
• 43:04
  so
• 43:04
  we
• 43:04
  can
• 43:04
  decide
• 43:05
  how
• 43:05
  big
• 43:05
  we're
• 43:05
  going
• 43:05
  to
• 43:05
  go
• 43:05
  with
• 43:06
  the
• 43:06
  venue
• 43:06
  next
• 43:06
  year.
• 43:07
  Right.
• 43:07
  And
• 43:07
  we
• 43:08
  might
• 43:08
  go
• 43:08
  a
• 43:08
  little
• 43:08
  bit.
• 43:08
  Larger,
• 43:09
  give
• 43:09
  us
• 43:09
  the
• 43:09
  name
• 43:09
  of
• 43:10
  it
• 43:10
  so
• 43:10
  that
• 43:10
  people
• 43:10
  know
• 43:10
  where
• 43:10
  to
• 43:11
  look.
• 43:11
  Yeah,
• 43:11
  sure.
• 43:12
  So
• 43:12
  our
• 43:12
  website
• 43:13
  is
• 43:13
  igniteevents
• 43:14
  Co
• 43:14
  NZ
• 43:14
  and
• 43:15
  we've
• 43:15
  got
• 43:15
  the
• 43:15
  Kiwifi
• 43:16
  conference
• 43:16
  and
• 43:17
  then
• 43:17
  Black
• 43:17
  Friday,
• 43:18
  which
• 43:18
  is
• 43:18
  a
• 43:18
  camp,
• 43:19
  so
• 43:19
  that's
• 43:19
  a
• 43:19
  weekend
• 43:20
  retreat.
• 43:20
  So
• 43:21
  they're
• 43:21
  both
• 43:21
  on
• 43:21
  that
• 43:21
  website.
• 43:22
  Love
• 43:22
  it,
• 43:23
  love
• 43:23
  it
• 43:23
  so
• 43:23
  much.
• 43:24
  All
• 43:24
  right,
• 43:24
  we
• 43:24
  are
• 43:25
  running
• 43:25
  up
• 43:25
  on
• 43:25
  the
• 43:25
  end
• 43:25
  of
• 43:26
  our
• 43:26
  time,
• 43:26
  so
• 43:27
  this
• 43:27
  last
• 43:28
  one
• 43:28
  is.
• 43:29
  I'm
• 43:29
  gonna
• 43:29
  send
• 43:30
  both
• 43:30
  of
• 43:30
  these
• 43:30
  questions
• 43:31
  to
• 43:31
  both
• 43:32
  of
• 43:32
  you
• 43:32
  at
• 43:32
  once.
• 43:33
  So
• 43:34
  we
• 43:34
  will
• 43:34
  start
• 43:34
  with
• 43:35
  you
• 43:35
  on
• 43:35
  this
• 43:35
  one,
• 43:36
  Katie,
• 43:37
  and
• 43:37
  then
• 43:37
  we'll
• 43:37
  come
• 43:38
  to
• 43:38
  you
• 43:38
  the
• 43:38
  same
• 43:38
  question.
• 43:38
  Bronwyn,
• 43:39
  what's
• 43:40
  the
• 43:40
  biggest
• 43:41
  tactic
• 43:41
  or
• 43:41
  tip
• 43:42
  that
• 43:42
  you
• 43:42
  have
• 43:42
  to
• 43:42
  help
• 43:43
  people
• 43:43
  invest
• 43:43
  successfully?
• 43:44
  Katie,
• 43:45
  my
• 43:46
  best
• 43:46
  tip,
• 43:48
  make
• 43:49
  the
• 43:49
  good
• 43:49
  decision
• 43:50
  automatic.
• 43:51
  I
• 43:51
  think
• 43:52
  the
• 43:52
  systems
• 43:53
  that
• 43:53
  you
• 43:53
  create.
• 43:54
  She's
• 43:54
  still
• 43:55
  mine.
• 43:55
  Beat
• 43:56
  motivation
• 43:57
  almost
• 43:58
  every
• 43:58
  time.
• 43:59
  And
• 43:59
  it's
• 44:00
  almost
• 44:00
  like
• 44:00
  you
• 44:00
  set
• 44:00
  it
• 44:01
  up
• 44:01
  once
• 44:01
  and
• 44:02
  then
• 44:02
  you're
• 44:02
  not
• 44:02
  relying
• 44:03
  on
• 44:03
  willpower
• 44:04
  every
• 44:04
  fortnight.
• 44:05
  So
• 44:06
  automation
• 44:06
  and
• 44:07
  systems
• 44:07
  I
• 44:07
  think
• 44:07
  is
• 44:08
  really
• 44:08
  important.
• 44:10
  I
• 44:10
  love
• 44:11
  that.
• 44:11
  And
• 44:11
  so
• 44:11
  Bronwyn,
• 44:12
  as
• 44:12
  you
• 44:13
  said
• 44:13
  there,
• 44:13
  stole
• 44:14
  yours.
• 44:14
  Repeat
• 44:14
  it
• 44:15
  if
• 44:15
  you
• 44:15
  must.
• 44:15
  Yeah,
• 44:16
  she
• 44:16
  stole
• 44:16
  my.
• 44:16
  Right.
• 44:17
  So
• 44:17
  I
• 44:18
  think
• 44:18
  it's
• 44:18
  like
• 44:18
  it's
• 44:19
  just
• 44:19
  start
• 44:20
  even
• 44:20
  if
• 44:20
  it's
• 44:21
  20
• 44:21
  bucks,
• 44:21
  you
• 44:21
  know,
• 44:22
  like
• 44:22
  if
• 44:22
  that's
• 44:22
  all
• 44:22
  you
• 44:23
  can
• 44:23
  honestly
• 44:23
  afford.
• 44:24
  Cause
• 44:24
  I
• 44:24
  get
• 44:24
  it.
• 44:24
  I
• 44:25
  buy
• 44:25
  groceries
• 44:25
  too,
• 44:25
  right?
• 44:26
  Like
• 44:26
  if
• 44:26
  that's
• 44:27
  all
• 44:27
  you
• 44:27
  can
• 44:27
  honestly
• 44:27
  afford
• 44:28
  at
• 44:28
  the
• 44:28
  moment,
• 44:28
  then
• 44:28
  20
• 44:29
  bucks
• 44:29
  it
• 44:29
  is.
• 44:30
  But
• 44:30
  just
• 44:30
  start
• 44:31
  and
• 44:31
  get
• 44:31
  that
• 44:31
  time
• 44:32
  in
• 44:32
  the
• 44:32
  market.
• 44:32
  And
• 44:33
  yeah,
• 44:33
  I'm
• 44:33
  an
• 44:33
  automation
• 44:34
  person.
• 44:35
  You
• 44:35
  should
• 44:35
  see
• 44:36
  the
• 44:37
  system
• 44:37
  that
• 44:37
  I've
• 44:37
  got
• 44:37
  running.
• 44:38
  It
• 44:38
  looks
• 44:39
  complicated
• 44:39
  to
• 44:39
  an
• 44:39
  outsider,
• 44:40
  I'm
• 44:40
  sure,
• 44:40
  but
• 44:40
  it's
• 44:40
  completely
• 44:41
  automatic
• 44:42
  and
• 44:42
  that's
• 44:42
  been
• 44:42
  fine
• 44:43
  tuned
• 44:43
  over
• 44:43
  some
• 44:44
  time.
• 44:44
  So
• 44:45
  there's
• 44:45
  that
• 44:45
  definitely.
• 44:46
  And
• 44:46
  I
• 44:46
  think
• 44:47
  remember
• 44:47
  to
• 44:48
  again
• 44:48
  with
• 44:48
  the
• 44:48
  grace.
• 44:49
  Just
• 44:49
  give
• 44:49
  yourself
• 44:49
  some
• 44:50
  framing
• 44:50
  and
• 44:50
  give
• 44:50
  yourself
• 44:51
  a
• 44:51
  chance
• 44:52
  to
• 44:52
  get
• 44:52
  started.
• 44:53
  Don't
• 44:53
  sort
• 44:53
  of
• 44:54
  give
• 44:54
  up
• 44:54
  after
• 44:54
  two
• 44:55
  paydays,
• 44:55
  right.
• 44:55
  You've
• 44:56
  just
• 44:56
  got
• 44:56
  to
• 44:56
  stick
• 44:56
  at
• 44:56
  it.
• 44:56
  We're
• 44:56
  here
• 44:57
  for
• 44:57
  the
• 44:57
  long
• 44:57
  term,
• 44:58
  100%
• 44:58
  small
• 44:59
  things
• 45:00
  done
• 45:00
  often
• 45:00
  over
• 45:01
  a
• 45:02
  decent
• 45:02
  period.
• 45:02
  Of
• 45:02
  time.
• 45:03
  That
• 45:03
  is
• 45:03
  how
• 45:04
  normal
• 45:04
  people
• 45:04
  build
• 45:05
  big
• 45:05
  things.
• 45:06
  That
• 45:06
  is
• 45:06
  how
• 45:06
  me,
• 45:06
  as
• 45:07
  a
• 45:07
  very
• 45:07
  normal
• 45:07
  person
• 45:07
  build
• 45:08
  some
• 45:08
  big
• 45:08
  things.
• 45:08
  You
• 45:09
  know,
• 45:09
  just
• 45:10
  get
• 45:10
  that
• 45:10
  good
• 45:10
  thing
• 45:10
  locked
• 45:11
  in
• 45:11
  and
• 45:11
  keep
• 45:11
  doing
• 45:12
  it.
• 45:13
  All
• 45:13
  right.
• 45:13
  A
• 45:14
  common
• 45:14
  investing
• 45:15
  mistake,
• 45:15
  Katie.
• 45:17
  A
• 45:17
  common
• 45:17
  investing
• 45:18
  mistake.
• 45:19
  I
• 45:19
  think
• 45:20
  it's
• 45:20
  actually
• 45:21
  asking
• 45:21
  what
• 45:21
  should
• 45:21
  I
• 45:21
  invest
• 45:22
  in?
• 45:22
  Before
• 45:22
  asking
• 45:23
  what
• 45:23
  am
• 45:23
  I
• 45:23
  trying
• 45:24
  to
• 45:24
  make
• 45:24
  possible?
• 45:25
  I
• 45:25
  think
• 45:26
  people
• 45:27
  choose
• 45:27
  product
• 45:27
  before
• 45:28
  purpose
• 45:28
  and
• 45:28
  you've
• 45:29
  got
• 45:29
  it
• 45:29
  around
• 45:29
  the
• 45:29
  wrong
• 45:29
  way.
• 45:30
  That
• 45:30
  is
• 45:31
  such
• 45:31
  a
• 45:31
  good
• 45:31
  one.
• 45:32
  Okay,
• 45:33
  is
• 45:33
  there,
• 45:34
  as
• 45:34
  you
• 45:34
  know,
• 45:34
  if
• 45:35
  someone
• 45:35
  say,
• 45:35
  weighing
• 45:36
  up.
• 45:36
  This
• 45:36
  is
• 45:36
  a
• 45:36
  really
• 45:36
  common
• 45:37
  one
• 45:37
  that
• 45:37
  people
• 45:38
  ask
• 45:38
  me
• 45:38
  about
• 45:38
  if
• 45:39
  they're
• 45:39
  thinking
• 45:39
  about,
• 45:39
  you
• 45:39
  know,
• 45:40
  property
• 45:41
  versus
• 45:41
  shares,
• 45:42
  Are
• 45:42
  there
• 45:42
  different
• 45:43
  purposes
• 45:43
  that
• 45:44
  those
• 45:44
  would
• 45:44
  work
• 45:44
  for?
• 45:45
  Yeah,
• 45:46
  absolutely.
• 45:47
  And
• 45:47
  again,
• 45:48
  if
• 45:48
  there
• 45:48
  is
• 45:49
  a
• 45:49
  big
• 45:49
  gap
• 45:49
  you
• 45:49
  need
• 45:50
  to
• 45:50
  bridge
• 45:50
  in
• 45:50
  terms
• 45:51
  of
• 45:51
  where
• 45:51
  you
• 45:51
  need
• 45:51
  to
• 45:52
  land,
• 45:52
  then
• 45:52
  you
• 45:52
  might
• 45:53
  look
• 45:53
  at
• 45:53
  property
• 45:54
  in
• 45:54
  terms
• 45:54
  of
• 45:54
  that
• 45:54
  leverage
• 45:55
  piece.
• 45:56
  If
• 45:56
  you
• 45:56
  have
• 45:57
  time
• 45:57
  and
• 45:57
  capacity,
• 45:58
  then
• 45:58
  you're
• 45:58
  more
• 45:58
  lean
• 45:59
  into
• 45:59
  property.
• 45:59
  Or
• 46:00
  maybe
• 46:00
  it's
• 46:01
  funds.
• 46:02
  Again,
• 46:02
  it
• 46:02
  comes
• 46:03
  down
• 46:03
  to
• 46:03
  what
• 46:03
  am
• 46:04
  I
• 46:04
  trying
• 46:04
  to
• 46:04
  make
• 46:04
  possible
• 46:05
  and
• 46:05
  what
• 46:05
  are
• 46:05
  the
• 46:05
  options
• 46:06
  available
• 46:06
  to
• 46:07
  me?
• 46:07
  Super
• 46:07
  important
• 46:08
  to
• 46:08
  understand.
• 46:09
  And
• 46:09
  for
• 46:10
  most
• 46:10
  people,
• 46:10
  they
• 46:10
  do
• 46:10
  a
• 46:10
  bit
• 46:11
  of
• 46:11
  both,
• 46:12
  if
• 46:13
  I'm
• 46:13
  honest.
• 46:14
  Yeah.
• 46:14
  100%
• 46:15
  diversification
• 46:16
  works
• 46:16
  in
• 46:16
  every
• 46:16
  area
• 46:17
  of
• 46:17
  money,
• 46:17
  even
• 46:17
  when
• 46:18
  you're
• 46:19
  deciding
• 46:19
  your
• 46:19
  investment
• 46:20
  strategy.
• 46:20
  Broman,
• 46:21
  what
• 46:21
  do
• 46:21
  you
• 46:21
  think?
• 46:21
  What's
• 46:22
  a
• 46:22
  common
• 46:22
  investing
• 46:22
  mistake?
• 46:24
  I
• 46:24
  think
• 46:24
  thinking
• 46:24
  that
• 46:24
  you're
• 46:24
  going
• 46:24
  to
• 46:25
  get
• 46:25
  it
• 46:25
  perfect
• 46:25
  straight
• 46:25
  away
• 46:26
  and
• 46:26
  beating
• 46:26
  yourself
• 46:26
  up
• 46:27
  if
• 46:27
  you
• 46:27
  don't.
• 46:27
  Right.
• 46:28
  Like
• 46:28
  we
• 46:28
  said
• 46:28
  before
• 46:28
  about
• 46:29
  opening
• 46:29
  one
• 46:29
  of
• 46:30
  everything
• 46:30
  and
• 46:30
  giving
• 46:31
  them
• 46:31
  all
• 46:31
  a
• 46:31
  go,
• 46:31
  I
• 46:32
  think
• 46:32
  you
• 46:32
  should.
• 46:32
  We're
• 46:33
  just
• 46:33
  gonna
• 46:33
  start
• 46:33
  and
• 46:34
  set
• 46:34
  the
• 46:34
  precedent
• 46:34
  here.
• 46:35
  Set
• 46:35
  the
• 46:35
  expectation
• 46:36
  right
• 46:36
  now
• 46:36
  that
• 46:36
  you're
• 46:37
  gonna
• 46:37
  stuff
• 46:37
  something
• 46:37
  up
• 46:37
  along
• 46:38
  the
• 46:38
  way.
• 46:38
  But
• 46:38
  that
• 46:39
  doesn't
• 46:39
  mean
• 46:39
  that
• 46:39
  you
• 46:39
  should
• 46:39
  stop.
• 46:40
  It
• 46:40
  just
• 46:40
  means
• 46:40
  that
• 46:41
  you
• 46:41
  take
• 46:41
  the.
• 46:41
  It's
• 46:42
  not
• 46:42
  a
• 46:42
  failure.
• 46:42
  It's
• 46:42
  a
• 46:42
  learning.
• 46:43
  Right.
• 46:43
  You
• 46:43
  take
• 46:43
  the
• 46:44
  learning
• 46:44
  and
• 46:44
  you
• 46:44
  move
• 46:44
  on
• 46:45
  to
• 46:45
  the
• 46:45
  next
• 46:45
  one.
• 46:45
  Once
• 46:45
  you
• 46:46
  know
• 46:46
  better,
• 46:46
  you
• 46:46
  can
• 46:46
  do
• 46:46
  better.
• 46:47
  Yes,
• 46:48
  absolutely.
• 46:49
  I
• 46:49
  still
• 46:49
  make
• 46:50
  little
• 46:50
  tweaks
• 46:50
  to
• 46:51
  my
• 46:51
  investments
• 46:51
  as
• 46:52
  I
• 46:52
  go.
• 46:52
  Sometimes
• 46:52
  it's
• 46:53
  because
• 46:54
  a
• 46:54
  better
• 46:54
  option
• 46:55
  comes
• 46:55
  along.
• 46:56
  Sometimes
• 46:56
  it's
• 46:57
  because
• 46:57
  my
• 46:57
  priorities
• 46:58
  have
• 46:58
  changed.
• 46:59
  I
• 47:00
  am
• 47:00
  extremely
• 47:01
  hands
• 47:01
  off
• 47:01
  with
• 47:01
  my
• 47:02
  investments
• 47:02
  these
• 47:02
  days.
• 47:03
  It
• 47:03
  is
• 47:03
  all
• 47:03
  auto
• 47:04
  done.
• 47:05
  I'm
• 47:06
  not
• 47:06
  looking
• 47:06
  and
• 47:07
  weighing
• 47:07
  things
• 47:07
  up.
• 47:08
  I
• 47:08
  simply
• 47:08
  don't
• 47:09
  have
• 47:09
  time.
• 47:09
  And
• 47:09
  so
• 47:10
  my
• 47:10
  investing
• 47:10
  strategy
• 47:11
  these
• 47:11
  days
• 47:11
  is
• 47:11
  absolutely
• 47:12
  set
• 47:12
  up
• 47:13
  for
• 47:13
  that.
• 47:13
  Maybe
• 47:14
  it'll
• 47:14
  change
• 47:15
  in
• 47:15
  the
• 47:15
  future
• 47:15
  when
• 47:16
  I'm
• 47:16
  in
• 47:16
  a
• 47:16
  slightly
• 47:16
  less
• 47:17
  crunchy
• 47:18
  time
• 47:18
  of
• 47:18
  life,
• 47:18
  but
• 47:19
  maybe
• 47:19
  it
• 47:19
  won't
• 47:20
  because
• 47:20
  it's
• 47:20
  quite
• 47:20
  nice
• 47:21
  not
• 47:21
  having
• 47:21
  to
• 47:21
  think
• 47:22
  about
• 47:22
  my
• 47:22
  money
• 47:22
  and
• 47:22
  having
• 47:22
  it
• 47:23
  still
• 47:23
  do
• 47:23
  its
• 47:23
  thing,
• 47:23
  you
• 47:24
  know,
• 47:25
  so
• 47:25
  don't
• 47:25
  Stress
• 47:26
  about
• 47:26
  things
• 47:27
  changing
• 47:27
  as
• 47:27
  you
• 47:28
  go.
• 47:28
  I've
• 47:28
  made
• 47:28
  little
• 47:29
  tweaks
• 47:29
  all
• 47:29
  the
• 47:30
  time
• 47:30
  and
• 47:30
  I'm
• 47:31
  someone
• 47:31
  who
• 47:31
  does
• 47:31
  this
• 47:31
  for
• 47:31
  a
• 47:31
  living.
• 47:32
  All
• 47:32
  right,
• 47:33
  for
• 47:33
  someone
• 47:33
  who
• 47:33
  wants
• 47:34
  to
• 47:34
  start
• 47:34
  investing
• 47:35
  and
• 47:35
  they've
• 47:36
  got
• 47:36
  financial
• 47:36
  freedom
• 47:36
  in
• 47:37
  mind,
• 47:37
  what's
• 47:38
  something
• 47:38
  they
• 47:38
  could
• 47:39
  do
• 47:39
  this
• 47:39
  week
• 47:40
  to
• 47:40
  get
• 47:40
  going?
• 47:41
  Katie,
• 47:43
  I
• 47:43
  would
• 47:43
  write
• 47:43
  down
• 47:44
  what
• 47:44
  financial
• 47:45
  freedom
• 47:45
  actually
• 47:45
  means
• 47:46
  to
• 47:46
  you,
• 47:46
  try
• 47:47
  and
• 47:47
  do
• 47:47
  it
• 47:47
  in
• 47:47
  like
• 47:47
  one
• 47:48
  sentence.
• 47:49
  And
• 47:49
  then
• 47:49
  I'd
• 47:49
  check,
• 47:50
  oh,
• 47:50
  I'm
• 47:50
  giving
• 47:50
  you
• 47:50
  more
• 47:51
  actions.
• 47:51
  Oh,
• 47:51
  well,
• 47:51
  I
• 47:51
  can't
• 47:52
  help
• 47:52
  myself.
• 47:52
  And
• 47:53
  then
• 47:53
  check
• 47:53
  your
• 47:53
  cash
• 47:54
  flow
• 47:54
  really
• 47:54
  honestly
• 47:55
  and
• 47:55
  set
• 47:56
  up
• 47:56
  an
• 47:56
  automatic
• 47:56
  transfer
• 47:57
  towards
• 47:58
  the
• 47:58
  next
• 47:58
  right
• 47:59
  step,
• 47:59
  whatever
• 47:59
  that
• 47:59
  looks
• 48:00
  like
• 48:00
  for
• 48:01
  you.
• 48:01
  I
• 48:01
  think
• 48:02
  small
• 48:02
  and
• 48:02
  automatic
• 48:03
  beats
• 48:03
  big
• 48:03
  and
• 48:03
  theoretical
• 48:04
  every
• 48:05
  time.
• 48:06
  I'm
• 48:06
  so
• 48:06
  with
• 48:07
  you
• 48:07
  on
• 48:07
  that.
• 48:07
  I
• 48:07
  will
• 48:07
  let
• 48:07
  you
• 48:08
  sneak
• 48:08
  in
• 48:08
  extras
• 48:08
  when
• 48:08
  the
• 48:09
  extras
• 48:09
  are
• 48:09
  that
• 48:09
  good.
• 48:10
  Ro,
• 48:10
  what
• 48:11
  about
• 48:11
  you?
• 48:11
  What's
• 48:11
  something
• 48:12
  that
• 48:12
  people
• 48:12
  could
• 48:12
  do
• 48:13
  this
• 48:13
  week
• 48:13
  to
• 48:14
  get
• 48:14
  going?
• 48:15
  Yeah,
• 48:15
  I
• 48:15
  mean,
• 48:15
  I
• 48:16
  think
• 48:16
  I
• 48:16
  have
• 48:17
  a
• 48:17
  personal
• 48:17
  policy
• 48:17
  that
• 48:18
  I
• 48:18
  don't
• 48:18
  invest
• 48:18
  in
• 48:18
  anything
• 48:19
  that
• 48:19
  I
• 48:19
  don't
• 48:19
  understand.
• 48:20
  So
• 48:20
  maybe
• 48:21
  just
• 48:21
  like
• 48:21
  pick
• 48:21
  one
• 48:22
  thing.
• 48:22
  Is
• 48:22
  it
• 48:23
  property?
• 48:23
  Is
• 48:23
  it
• 48:23
  index
• 48:24
  funds?
• 48:24
  Is
• 48:25
  it
• 48:25
  shares,
• 48:25
  bonds,
• 48:26
  term
• 48:26
  deposits?
• 48:27
  Find
• 48:27
  out
• 48:27
  how
• 48:27
  it
• 48:27
  works.
• 48:28
  Google
• 48:28
  it,
• 48:29
  chatgpt
• 48:29
  it.
• 48:30
  You
• 48:30
  know,
• 48:30
  have
• 48:30
  a
• 48:30
  yarn
• 48:30
  with
• 48:30
  some
• 48:31
  of
• 48:31
  your
• 48:31
  mates
• 48:31
  and
• 48:32
  just
• 48:32
  figure
• 48:32
  out
• 48:32
  one
• 48:33
  thing
• 48:33
  on
• 48:33
  how
• 48:33
  it
• 48:33
  works
• 48:34
  and
• 48:34
  if
• 48:34
  you
• 48:34
  can
• 48:34
  explain
• 48:34
  it
• 48:35
  to
• 48:35
  your
• 48:35
  spouse
• 48:35
  maybe,
• 48:36
  or
• 48:36
  maybe
• 48:36
  to
• 48:36
  your
• 48:37
  kids
• 48:37
  that
• 48:37
  you
• 48:38
  understand
• 48:38
  it.
• 48:38
  So
• 48:39
  let's
• 48:39
  just
• 48:39
  start
• 48:39
  with
• 48:39
  the
• 48:40
  bite
• 48:40
  sized
• 48:40
  chunks.
• 48:41
  I
• 48:41
  love
• 48:41
  that.
• 48:41
  I
• 48:42
  love
• 48:42
  that.
• 48:42
  Just
• 48:43
  give
• 48:43
  yourself
• 48:43
  the
• 48:43
  confidence
• 48:44
  through
• 48:44
  a
• 48:44
  bit
• 48:44
  of
• 48:45
  knowledge
• 48:45
  and
• 48:46
  that
• 48:46
  really,
• 48:46
  really
• 48:47
  can
• 48:47
  help.
• 48:47
  You
• 48:47
  don't
• 48:47
  need
• 48:48
  to
• 48:48
  know
• 48:48
  everything,
• 48:49
  but
• 48:49
  knowing
• 48:49
  enough
• 48:49
  that
• 48:50
  you
• 48:50
  can
• 48:50
  explain
• 48:50
  it
• 48:50
  to
• 48:50
  your
• 48:50
  spouse.
• 48:51
  I
• 48:51
  think
• 48:51
  that's
• 48:51
  a
• 48:51
  really
• 48:51
  good
• 48:52
  rule
• 48:52
  of
• 48:52
  thumb
• 48:52
  test.
• 48:54
  Thank
• 48:54
  you
• 48:54
  both
• 48:54
  so
• 48:55
  much
• 48:55
  for
• 48:56
  being
• 48:56
  part
• 48:57
  of
• 48:57
  this
• 48:57
  webinar
• 48:58
  and
• 48:58
  for
• 48:59
  answering
• 48:59
  the
• 48:59
  questions
• 49:00
  as
• 49:00
  they've
• 49:00
  come
• 49:00
  up.
• 49:01
  Bronwyn
• 49:01
  Candid
• 49:02
  from
• 49:02
  Shepherd
• 49:02
  and
• 49:02
  Ormsby,
• 49:03
  Katie
• 49:03
  Wesney
• 49:04
  from
• 49:04
  Enable
• 49:04
  Me.
• 49:05
  You
• 49:05
  have
• 49:05
  given
• 49:06
  us
• 49:06
  brilliant
• 49:07
  tips
• 49:08
  and
• 49:08
  tricks
• 49:08
  to
• 49:09
  be
• 49:09
  thinking
• 49:09
  about.
• 49:09
  Thank
• 49:10
  you
• 49:10
  also
• 49:10
  so
• 49:11
  much
• 49:11
  much
• 49:11
  to
• 49:11
  everyone
• 49:11
  who
• 49:12
  has
• 49:12
  joined
• 49:12
  Live
• 49:13
  your
• 49:14
  wonderful
• 49:14
  questions.
• 49:16
  It's
• 49:16
  just
• 49:16
  been
• 49:16
  a
• 49:17
  really
• 49:17
  great
• 49:18
  true
• 49:18
  discussion
• 49:19
  here.
• 49:19
  So
• 49:20
  make
• 49:20
  sure
• 49:20
  you
• 49:20
  hit
• 49:20
  subscribe
• 49:21
  to
• 49:21
  the
• 49:21
  Making
• 49:22
  Sense
• 49:22
  podcast
• 49:23
  before
• 49:23
  you
• 49:23
  go
• 49:23
  so
• 49:24
  that
• 49:24
  you
• 49:24
  never
• 49:24
  miss
• 49:24
  a
• 49:24
  trip
• 49:25
  with
• 49:25
  your
• 49:25
  money.
• 49:25
  And
• 49:26
  of
• 49:26
  course,
• 49:26
  until
• 49:26
  next
• 49:27
  time,
• 49:27
  have
• 49:27
  a
• 49:27
  great
• 49:28
  day.
• 49:28
  Thank
• 49:28
  you
• 49:28
  so
• 49:29
  much
• 49:29
  for
• 49:29
  joining.
• 49:29
  I'll
• 49:29
  see
• 49:30
  you
• 49:30
  next
• 49:30
  time.
• 49:31
  Just
• 49:31
  a
• 49:31
  note
• 49:31
  before
• 49:32
  you
• 49:32
  go,
• 49:32
  this
• 49:33
  podcast
• 49:33
  can
• 49:33
  only
• 49:34
  give
• 49:34
  you
• 49:34
  general
• 49:34
  information
• 49:35
  about
• 49:35
  how
• 49:36
  things
• 49:36
  work.
• 49:37
  In
• 49:37
  most
• 49:37
  cases,
• 49:38
  it's
• 49:38
  not
• 49:39
  individual
• 49:39
  financial
• 49:40
  advice.
• 49:41
  We're
• 49:41
  all
• 49:41
  different,
• 49:42
  so
• 49:42
  some
• 49:42
  of
• 49:42
  this
• 49:43
  might
• 49:43
  not
• 49:43
  apply
• 49:43
  to
• 49:44
  your
• 49:44
  specific
• 49:45
  situation.
• 49:46
  Take
• 49:46
  what
• 49:46
  works
• 49:47
  for
• 49:47
  you.
• 49:47
  Ignore
• 49:48
  the
• 49:48
  rest.
• 49:48
  If
• 49:49
  you're
• 49:49
  after
• 49:49
  individual
• 49:50
  financial
• 49:50
  advice,
• 49:51
  a
• 49:51
  financial
• 49:51
  advisor
• 49:52
  is
• 49:52
  always
• 49:53
  the
• 49:53
  best
• 49:53
  bet.