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Nothing To Smile About: When Debt Costs You Dental Visits · She's On The Money

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Speaker 1: My name is Satasha Bamblet. I'm a proud First Nations
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Speaker 1: woman and I'm here to acknowledge country Tea glennyan Ganya, Niana,
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Speaker 1: Kaka yah y and Binahwaka nian arka in Mbini, yakarum
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Speaker 1: jar Doumayagumiga Umaga, Ithawaka, Nile, Waman damon Immalan, Bumba bang
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Speaker 1: gadabomba in and naw in Waka ghana on yak rum
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Speaker 1: jar Watnadana. Hello, beautiful friends, we gather on the lands
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Speaker 1: of the Aboriginal people. We thank acknowledge and respect the
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Speaker 1: Abiginal people's land that we're gathering on today. Take pleasure
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Speaker 1: in all the land and respect all that you see.
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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,
0:40
Speaker 1: bringing you the tools, knowledge and resources for you to thrive.
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Speaker 2: She's on the Money. She's on the Money. Hello and
0:51
Speaker 2: welcome to She's on the Money, the podcast that makes
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Speaker 2: personal finance fun, especially on Fridays.
0:57
Speaker 3: It is our favorite time of the week where we
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Speaker 3: bring together the ta to celebrate you, our adorable She's
1:03
Speaker 3: on the Money Community as always, Miss Jess Grich, She's
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Speaker 3: going to be sharing all of your money wins, and
1:08
Speaker 3: the brilliant Beck Sayed will be offering this week's best
1:12
Speaker 3: bro tips. This week's money dilemma raises the question of priorities,
1:16
Speaker 3: especially if you've ever delayed.
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Speaker 2: An appointment for financial reasons.
1:20
Speaker 3: And finally, we'll be answering a DM for the masses.
1:23
Speaker 3: Is it enough to buy diversified ETFs or is there
1:27
Speaker 3: more to it? Go on, get your money dilemmas on
1:31
Speaker 3: the show by sending us a nice little voice note
1:33
Speaker 3: via our website.
1:34
Speaker 2: Head to She's on the money dot com and let
1:37
Speaker 2: us know what money woes are keeping you up at night.
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Speaker 3: You might just hear yourself on Friday Drinks, where we
1:43
Speaker 3: might even help put those worries to bed for good,
1:46
Speaker 3: my friends.
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Speaker 2: As always, before we get into it, my favorite time
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Speaker 2: of the show.
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Speaker 3: I know I say that about lots of different parts,
1:54
Speaker 3: but my ego needs boosting on a weekly basis. It
1:58
Speaker 3: is time for a listener review. We share what you
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Speaker 3: actually think of the podcast, only the highlights us. I'm
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Speaker 3: not going to bring my team down like that now.
2:08
Speaker 3: I'll admit this has always been a highlight of the
2:11
Speaker 3: show for me because we actually get to hear from
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Speaker 3: you and how you're using our tips and tricks and
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Speaker 3: tools and resources to make your money.
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Speaker 2: Goals a reality.
2:18
Speaker 3: So, if you've got praise for the show, well, honestly
2:21
Speaker 3: we take like individual requests at this point, please share
2:25
Speaker 3: your reviews if She's on the Money on Apple Podcasts
2:27
Speaker 3: or wherever all good listening platforms allow. Really, here is
2:31
Speaker 3: a review from our friend Caitlin, who slid into our
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Speaker 3: DMS to share this. See you ready, Hi, Victoria. I've
2:38
Speaker 3: been wanting to leave you a five star review for
2:40
Speaker 3: She's on the Money for so long, but I just
2:42
Speaker 3: I never know where to do it. You are such
2:44
Speaker 3: an inspiration as a twenty year old who is only
2:48
Speaker 3: just starting their career, I can't help but hoping I'll
2:51
Speaker 3: grow up to be just like you. Oh my god,
2:54
Speaker 3: not to mention, I always look forward to Mondays, Wednesdays
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Speaker 3: and Fridays for every single new episode of your podcast.
3:00
Speaker 3: I just wanted to say thank you. I've become so
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Speaker 3: much more motivated because of you.
3:04
Speaker 2: Have a great day. Oh my god, is sweet? That
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Speaker 2: is the sweetest thing overheard. I just feel like, when
3:11
Speaker 2: you grow up, you'll be better than me. I promise. Like,
3:14
Speaker 2: how sweet is that?
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Speaker 1: So?
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Speaker 2: Sweet.
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Speaker 4: And actually, if someone said I want to grow up
3:19
Speaker 4: for you, I would be like, hey, I just reminder
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Speaker 4: I'm not one hundred, you're twenty.
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Speaker 2: Everyone. Also, when you grow up? When do we meant
3:29
Speaker 2: to grow up? Exactly? What does that even mean?
3:32
Speaker 3: Like I already shook that I was allowed to take
3:36
Speaker 3: not one, but two babies home from the hospital without licenses?
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Speaker 2: What do you mean? You were like, oh, you can
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Speaker 2: be discharged. Didn't check your ID.
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Speaker 3: No, they just said good luck. And I said it
3:48
Speaker 3: was harder to get a driver's license. Honestly, it's an
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Speaker 3: incredible compliment, so sweet, so sweet? Do you mind if
3:56
Speaker 3: we take a fun little detour. Yeah, it is time
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Speaker 3: for our question of the week, that moment during Friday
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Speaker 3: drinks where you can ask us anything about anything. And
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Speaker 3: this week's question came to us via our Instagram d
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Speaker 3: ms from Shari and she says, if you could pick
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Speaker 3: up a new skill in an instant, what would it be?
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Speaker 2: And why, Oh, that's a really good one. I would
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Speaker 2: love to become good at woodworking. Was not like whittling
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Speaker 2: little animals? But not whittling animals? Is That's what I
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Speaker 2: was thinking. That's the first place I don't know what
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Speaker 2: woodworking is, well, let me tell you I would like
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Speaker 2: to be you know how it's the very stereotypical like
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Speaker 2: dad husband thing, like I really like a table looks
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Speaker 2: like this and then bam, there's one there, so true,
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Speaker 2: my dad, you could borrow him. Yeah, I would love
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Speaker 2: to have the skills to do that myself. Like I
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Speaker 2: would love to be really handy with you, like I
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Speaker 2: love a little do I moment. I could do small things,
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Speaker 2: but like furniture feels a bit outside of my reach
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Speaker 2: building from Jessica currently, but I would love to be
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Speaker 2: able to do so so that all cast stuff pure,
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Speaker 2: so I don't have to pay for a mechanic because
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Speaker 2: I fear for my cast Sometimes I liked ab how
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Speaker 2: to fix.
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Speaker 4: It because I know carst stuff and my skill. I
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Speaker 4: want to learn sewing and you want to learn castuff.
5:19
Speaker 4: What if we do we can do a trade is
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Speaker 4: what you always say about trading skill sets training.
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Speaker 2: Oh my god, your community lift everybody out. Absolutely well,
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Speaker 2: I'll teach you and you teach me. Okay, this sounds
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Speaker 2: very fun. I'm very excited.
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Speaker 3: We got down such a practical route and in my
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Speaker 3: head I was like, yeah, mind reading, that is a skill.
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Speaker 2: Wait, wait, so bear, what's yours? While I rejig what
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Speaker 2: I was thinking?
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Speaker 4: Mine is I am going to stick with sewing because
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Speaker 4: the world is your oyster. I want to like make doners,
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Speaker 4: I want to make handbags, I want to do all
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Speaker 4: these crazy things. Yes, and so we're going to do
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Speaker 4: a skill swap.
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Speaker 2: Yeah, you come to sewing class with me? Oh my god? Cute?
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Speaker 2: When is that Wednesday night?
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Speaker 4: Great?
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Speaker 2: I'll be there. You guys are so cute it kills me.
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Speaker 2: I've rejinked because apparently it's not a skill.
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Speaker 3: Two things I wish I was good at saying no,
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Speaker 3: and the second is if I could have like a
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Speaker 3: skill skill?
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Speaker 2: Is it a skill to sing? Yeah? I wish I
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Speaker 2: was like a phenomenal singer. Yeah, because at the moment
6:23
Speaker 2: I put my babies to bed, I'm like Campbell, who's
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Speaker 2: like only three months old. If she doesn't care how
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Speaker 2: I sound, she's in my two year old have you
6:32
Speaker 2: he goes, no, Mama, Please, I'm pretty sure I'm not
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Speaker 2: good at singing, but I'm tenacious, and so I think
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Speaker 2: my tenacity should be met with skill. Yeah. I agree.
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Speaker 2: I love that for you, and it's not right now.
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Speaker 2: So if I could be good at anything, imagine just
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Speaker 2: being able to be the girl at parties that can sing.
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Speaker 2: Got to not be afraid of a karaoke bar would
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Speaker 2: be a lovely thing. That's terrifying, Like the idea of
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Speaker 2: going to karaoke.
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Speaker 3: You know how people say, oh, yes, Saturday night, we
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Speaker 3: went out, we did this, we did that, and then
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Speaker 3: we ended up at karaoke.
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Speaker 2: I'm like, over my dead. I know I always confined
7:10
Speaker 2: you feeling depressed, you wanted to hate yourself more. Yeah,
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Speaker 2: I'm like everyone really good at singing, and I just
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Speaker 2: like what becausess as people.
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Speaker 3: Yeah, I mean singing is enjoyable, Like get me in
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Speaker 3: my car on my own, or get me in the
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Speaker 3: car with Jess and the music so loud I don't
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Speaker 3: think she can hear me and we're all there, but karaoke,
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Speaker 3: what do you mean? And like this is coming from
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Speaker 3: someone who's regularly behind a microphone, what do you mean
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Speaker 3: you want to.
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Speaker 2: Sound bad in front of people? Are scary?
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Speaker 3: No thanks, anyway, I feel like that was a good one.
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Speaker 3: Mind reading is obviously something I would like to do
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Speaker 3: as well.
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Speaker 2: With a skull. Apparently that's spoke. We're going like crazy
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Speaker 2: very teleportation.
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Speaker 3: Yeah, okay, all right, so she's gonna teleport. I'm gonna
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Speaker 3: mind read what's your.
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Speaker 2: Well, I'm gonna sew, but I want to take it
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Speaker 2: back and play the piano. Yeah.
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Speaker 3: Really unrealistic from you back anyway, My friends, I'm telling you,
8:02
Speaker 3: if you want your questions answered on the pod, you're
8:04
Speaker 3: gonna have to send them in.
8:06
Speaker 2: We love reading them and honestly, this makes our week
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Speaker 2: so fun, like recording Friday Drinks. It's my favorite. I
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Speaker 2: love it now I miss Jessica Ricci. Let's hear all
8:15
Speaker 2: about this week's money wins from within the community. What
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Speaker 2: have you got from us? Firstly this week, I've got
8:20
Speaker 2: one from Annabelle, who said she found an Anaconda full
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Speaker 2: length puffer at the opshop for four bucks sor real,
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Speaker 2: buddy weird, especially because it's so cold if you're in
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Speaker 2: Melbourne right now. She said she got it as a
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Speaker 2: gift for somebody who wanted it but couldn't justify the
8:33
Speaker 2: usual price of three hundred and fifty dollars. Oh my god,
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Speaker 2: that's a great dollary douce. That is a very good
8:39
Speaker 2: money in. Well done, annabel Next, I've want of money
8:42
Speaker 2: in from Haley, who said I downloaded the two Good
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Speaker 2: to Go Australia up and my favorite food store is
8:47
Speaker 2: on there. You get discounted sur prize food bags at
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Speaker 2: selected times, which will now be my go to for
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Speaker 2: treats for the kids, friends catch ups to save me
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Speaker 2: a bunch of money. Hell yeah, our team loves a
8:57
Speaker 2: little too good to Go.
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Speaker 4: I do.
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Speaker 3: And do you know what started coming up on my Facebook?
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Speaker 3: Because obviously too Good to Go is a hot topic
9:04
Speaker 3: in now even just work group chat. The Too good
9:07
Speaker 3: to Go Facebook group where people are sharing what they got.
9:10
Speaker 3: Oh cool, okay, so I love it because you obviously
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Speaker 3: get to see but I love the Karens on there
9:15
Speaker 3: and they're like, I spent nine dollars and I got this, this,
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Speaker 3: this in this, and I read one the other day
9:20
Speaker 3: and it was like I got this in this and
9:22
Speaker 3: like it was a I thought, a good, whole, goodhule. Yeah,
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Speaker 3: for nine dollars, she got like a toasty a few muffins.
9:29
Speaker 3: She apparently got egg bites, but before she took the photos,
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Speaker 3: she'd like eaten them, so she's also got egg bites,
9:35
Speaker 3: but none of it's any good.
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Speaker 2: I'm thinking, oh yeah, headye I know there was such
9:40
Speaker 2: a deal and she's like, oh, and I might add
9:42
Speaker 2: that my toasty was untoasted. They're like, gott you know,
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Speaker 2: like a ham cheese toasty and I had the butter
9:47
Speaker 2: on either sides. I'm thinking, just but that's fresh.
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Speaker 3: Yeah, Like that means you can toast it at home
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Speaker 3: and have the full toasty experience?
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Speaker 1: Is that like?
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Speaker 2: I don't want a cold, pre cooked toasty no anywhere?
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Speaker 5: Really?
10:00
Speaker 2: You know what I would love to see on two
10:02
Speaker 2: to go? And I check every now and again. I'll check,
10:03
Speaker 2: but it's never there, like a doughnut king, Oh my god,
10:07
Speaker 2: break or something? Yeah, like a little like sweet because
10:09
Speaker 2: you're at the end of the day, there's always like
10:11
Speaker 2: stuff lift over you. Where's that going? Christ my belly?
10:14
Speaker 2: Chrism on true good to go? That would be the
10:18
Speaker 2: dream that would be in this office. We love a
10:21
Speaker 2: Chrispy Kream. Oh yeah, what else have you got? Jess?
10:24
Speaker 2: All right? Next one is from Katie who said it
10:26
Speaker 2: Telstra offered me thirty dollars off of my bill by
10:28
Speaker 2: using my Telstra points. There's nothing in the points shop
10:31
Speaker 2: that I wanted anyway, so it's a win win. Normally
10:33
Speaker 2: i'd buy you know my smart watch or new headphones
10:36
Speaker 2: every couple of years, but both of mine are still
10:38
Speaker 2: going strong, so there was no need to save up
10:40
Speaker 2: my points money. Weir so good. Then I've got one
10:43
Speaker 2: from Catherine who said I just went to get a
10:45
Speaker 2: coffee from Macus to find out I had enough points
10:47
Speaker 2: in my my mac Is app to get it for free.
10:50
Speaker 1: We do love that.
10:51
Speaker 2: And then lastly I've got one from Sarah who said,
10:54
Speaker 2: for the first time in ten years, I've managed to
10:57
Speaker 2: get some savings behind me. And your expat visit commitments
11:00
Speaker 2: and medical bills have decimated my finances for so long,
11:03
Speaker 2: but thanks to the podcast and changing my mindset, I'm
11:06
Speaker 2: finally turning things around and have saved nearly two thousand
11:09
Speaker 2: dollars in six weeks. Stop it. That was like a
11:12
Speaker 2: money win and a review all in one. Amazing how
11:16
Speaker 2: double review Friday. Wow.
11:18
Speaker 3: Yet, everybody, it's been a good week in the Facebook
11:20
Speaker 3: credit it's a good week to have a good week.
11:22
Speaker 3: Make sure that you are sharing your money wins with
11:24
Speaker 3: us in the comments or on Facebook. Miss Beck Saed,
11:28
Speaker 3: what does the community have to say about.
11:30
Speaker 2: A broke tip?
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Speaker 6: So?
11:32
Speaker 4: I know most people probably know this already, but Just
11:35
Speaker 4: in case. Fatima sent me a screenshot letting me know
11:38
Speaker 4: that the free Public Transport initiative across the entire state
11:41
Speaker 4: of Victoria has been extended to the thirty first of
11:44
Speaker 4: May six just in case, you know. I don't know
11:46
Speaker 4: what the initial I should be giving up with that,
11:48
Speaker 4: but maybe it's till the end of April. But now
11:50
Speaker 4: it's until the end of May, which is.
11:52
Speaker 2: Which is visible? Really sick? I mean, we've got a
11:54
Speaker 2: few days left of May, so make the most of that.
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Speaker 4: Absolutely. This next one comes from Lara, who sent me
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Speaker 4: this real God. I love a broke tip reel, so
12:02
Speaker 4: if you feel like you want to send me one, please,
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Speaker 4: I love them.
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Speaker 2: It's very funny. Maybe I wouldn't. Can you re enact it?
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Speaker 2: I don't want to hear the reel. I just want
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Speaker 2: you to do Yeah. I can do the movement.
12:14
Speaker 4: Unfortunately it's one of those ones with text on screen.
12:19
Speaker 4: But I can do what she's doing in the backgroun,
12:20
Speaker 4: which is brushing her teeth.
12:23
Speaker 3: B Roll videos always make me laugh because our team
12:26
Speaker 3: are always like, ty, can you take more videos? Because
12:28
Speaker 3: we want to make more videos, and I'm like, brushing
12:31
Speaker 3: my teeth?
12:32
Speaker 2: Is that content and its sure content. Guys, anything really
12:35
Speaker 2: is this one's funny?
12:36
Speaker 4: I don't condone it on the podcast and out loud
12:39
Speaker 4: in my head, I'm like, this is great idea. It
12:41
Speaker 4: says my best friend can't afford a dentist right now.
12:44
Speaker 4: So she scrolled hinge until she matched with a dental
12:46
Speaker 4: hygienist and asked him what toothpaste you is? He said,
12:50
Speaker 4: anything with at least ten percent nano hydruxia petite.
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Speaker 2: I don't know what that is, but I'm slim girl,
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Speaker 2: slim toothpaste.
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Speaker 4: She didn't even go on the just screenshop the message
13:01
Speaker 4: and unmatched that that's me all the day. And then
13:04
Speaker 4: also date them because they're probably nice person. Then you
13:07
Speaker 4: dating agist.
13:08
Speaker 2: But I think that's just what you can do for
13:11
Speaker 2: the patriarchy. I ask what the patriarchy can do for you?
13:14
Speaker 2: That's exactly right. And if they're taking our jobs for
13:21
Speaker 2: the men, no love the men and taking our jobs. No,
13:27
Speaker 2: I love I love men and I love all of them.
13:29
Speaker 2: You do not. No, I do I love men. No,
13:32
Speaker 2: you don't. You won't even date one. I tried. I
13:36
Speaker 2: did try. She's like, I tried, It's not to my taste.
13:40
Speaker 2: What else have you got back?
13:41
Speaker 4: So that's very depressing for the entire male population that
13:44
Speaker 4: I am not dating you, and I'm so sorry you're
13:47
Speaker 4: breaking hearts everywhere.
13:48
Speaker 3: I did laugh because we got a review, a one
13:50
Speaker 3: star review a little while ago, and it was like,
13:53
Speaker 3: these girls don't like men, and I was like, that's
13:56
Speaker 3: actually a five star review, Like, I don't know what
13:58
Speaker 3: you're talking about. I'm married to I only like the
14:00
Speaker 3: man I'm married to, the patriarchy can get.
14:03
Speaker 2: In the bit, and Jess is dating a man Adam.
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Speaker 2: So that's the majority. Two out of three. Two out
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Speaker 2: of three ain't bad exactly. So we don't hate them
14:11
Speaker 2: that much, we hit them that much. Does that make
14:14
Speaker 2: us hypocrites? Oh god, I fear we don't have enough
14:17
Speaker 2: time to unpack. No, that's true. Oh god, Okay, this
14:21
Speaker 2: next one comes for myself. I saw this thing.
14:23
Speaker 4: I didn't do the work in my head, but it
14:25
Speaker 4: was this guy. His name's josh Ryn con double n incredible.
14:30
Speaker 4: He has some great, you know, money saving tips and tricks.
14:32
Speaker 4: But he's talking about how he pays mortgage fortnightly instead
14:38
Speaker 4: of month. Please, because then you end up paying one
14:42
Speaker 4: extra payment a year and don't ask.
14:45
Speaker 2: Me how that works.
14:45
Speaker 4: Somehow it works math in that therefore, you can shorten
14:49
Speaker 4: your loan amount by like seven years or something crazy.
14:52
Speaker 4: So if you pay fortnitly instead of monthly, it feels
14:54
Speaker 4: the same, unless obviously you get paid monthly. But if
14:58
Speaker 4: you get paid fortnitely, it feels I think, And then yeah,
15:02
Speaker 4: you end up shortening the life of your.
15:03
Speaker 2: Own isn't that crazy? Incredible? Isn't it lovable? I feel
15:06
Speaker 2: like our community is very, very creative when it comes
15:09
Speaker 2: to finances.
15:10
Speaker 3: Yes, now, my friends, we're going to take a very
15:12
Speaker 3: quick break, but please stay tuned because when we come back,
15:15
Speaker 3: we're chatting about money dilemmas. And if you've ever put
15:17
Speaker 3: off an appointment because of your financial situation, I think
15:20
Speaker 3: you're going to want to tune in.
15:21
Speaker 2: For this one. Welcome back, everybody. Let's take a listen
15:26
Speaker 2: to this week's money dilemma.
15:29
Speaker 1: Hi.
15:30
Speaker 2: There, have you got a money dilemma you just can't solve?
15:33
Speaker 2: The She's on the Money team is here to help.
15:35
Speaker 6: Every week, we tackle your dilemmas, both big and small,
15:38
Speaker 6: to answer your most burning money, career and life questions.
15:42
Speaker 6: To get involved, simply head to our website and leave
15:44
Speaker 6: us a short voice recording and you might just find
15:46
Speaker 6: yourself on the show.
15:48
Speaker 2: Now, let's take a listen to this week's Money Dilemma.
15:53
Speaker 1: Guys.
15:53
Speaker 5: I have two questions today. I'm in my late twenties,
15:57
Speaker 5: I currently have fifteen thousand dollars of debt. Now, I'm
16:01
Speaker 5: just firstly wanting to know what insight, tips and vice
16:06
Speaker 5: you would give for someone paying down one debt. I
16:09
Speaker 5: know that there's a lot of resources out there for
16:12
Speaker 5: snowball and avalanche method for multiple debts, but I just
16:17
Speaker 5: feel like you don't get the same satisfaction of paying
16:21
Speaker 5: that debt off compared to having multiple debts where you're
16:26
Speaker 5: paying it off, you're feeling good and you feel like
16:29
Speaker 5: you're getting in front. Watching the numbers go down has
16:32
Speaker 5: been great. But yeah, just wondering as well, I am
16:37
Speaker 5: potentially going to be more debt for health reasons, specifically
16:44
Speaker 5: dental work, and just wondering what you guys think of
16:50
Speaker 5: as I'm in two minds whether I should delay the
16:52
Speaker 5: treatment until I paid off this initial debt or start
16:56
Speaker 5: it now and live a bit tighter at the moment.
16:58
Speaker 5: Thanks guys. I've been an avid listener of this podcast
17:02
Speaker 5: for a while. Now and absolutely love the show. Thanks
17:05
Speaker 5: so much, Thank you so much.
17:08
Speaker 2: I love you too. What would you guys do well?
17:10
Speaker 2: First of all, don't get me started on dental. It
17:13
Speaker 2: should be not what are we like in my medicare
17:16
Speaker 2: not cover dental. It's insane. It is part of the body.
17:19
Speaker 2: It's insane, I'm saying, a common part of the body.
17:21
Speaker 2: It's very important, cosmetic anything. But this is now the
17:25
Speaker 2: podcast for another time. The oral health. Yeah, get into
17:27
Speaker 2: the health of the rest of your damn body totally.
17:30
Speaker 2: I cannot believe it just anyway, But that's another time.
17:33
Speaker 4: So I would say, I mean I could be wrong here,
17:37
Speaker 4: but maybe with this like fifteen thousand dollars debt, I
17:39
Speaker 4: don't know what like the interest is on that, but
17:41
Speaker 4: I would maybe see if you can.
17:44
Speaker 2: Is it called refinancing.
17:45
Speaker 4: Is that a thing where you can get find somewhere
17:47
Speaker 4: to consolidate or yeah, I mean it's already consolidated, but
17:50
Speaker 4: like find like a cheaper or a smaller or a
17:53
Speaker 4: lower interest rate totally, and then it might feel like
17:55
Speaker 4: you're getting on top of it quicker, and then it
17:57
Speaker 4: might feel more satisfying.
17:59
Speaker 2: You could turn it into a game. There are some
18:01
Speaker 2: mental tips.
18:02
Speaker 4: And tricks that you could use to make it feel
18:04
Speaker 4: more satisfying, not just like you're throwing money away, because
18:08
Speaker 4: it really can feel like that when you use money
18:10
Speaker 4: to buy something, you don't have the money yet, and
18:12
Speaker 4: then you've already got the thing, maybe you've already used it,
18:14
Speaker 4: maybe you don't even have it anymore, and then you're
18:16
Speaker 4: still paying the debt. You're like, oh, this feels like
18:18
Speaker 4: such a waste and it really sucks.
18:21
Speaker 2: So I guess yeah.
18:22
Speaker 4: My only thing for that is try and find somewhere
18:25
Speaker 4: that will offer a low interest rate and then make
18:27
Speaker 4: it a game for yourself. As far as dental is concerned.
18:30
Speaker 4: If it's essentral, I think do it. Or so you
18:32
Speaker 4: can take money out of your superrief you need dental, right,
18:34
Speaker 4: that's the thing anyway, potential compassionate something. Anyway, have a
18:38
Speaker 4: look at your super and see if that's an option,
18:41
Speaker 4: because you can take money out. It's not ideal, but
18:44
Speaker 4: I'm shocked. I mean, don't get me started, but that's me.
18:46
Speaker 4: I don't know if that's helpful at all.
18:48
Speaker 2: I like the idea of making it a game. When
18:49
Speaker 2: I was paying my debt down, I was looking at
18:51
Speaker 2: it in the same way you would look at savings,
18:53
Speaker 2: but reverse. So you know, when you go save things,
18:56
Speaker 2: I really want to hit my first five hundred dollars. You're, oh,
18:58
Speaker 2: I got I've hit five hundred dollars. I really want
18:59
Speaker 2: to hit my next thousand dollars. Flip it around, and
19:02
Speaker 2: so if your debt was fifteen thousand dollars ago, I
19:05
Speaker 2: really want to get it down to fourteen thousand dollars,
19:07
Speaker 2: and you hit fourteen thousands, go oh my god, I
19:09
Speaker 2: can't wait to hit twelve and a half thousand dollars,
19:11
Speaker 2: and you kind of hit your milestones in reverse. You
19:14
Speaker 2: can make yourself a handed dandy little chart. You can
19:17
Speaker 2: tick things off or color it in, or have the
19:20
Speaker 2: amounts that you want to save. If you want to
19:22
Speaker 2: do an envelope system like there are lots of ways
19:24
Speaker 2: that you can make that like fun and gamified like
19:27
Speaker 2: what you were talking about, but you think look at
19:29
Speaker 2: as milestones within that big debt rather than being like,
19:33
Speaker 2: my goal is to pay off debt. Have a physical
19:36
Speaker 2: number you're working towards, because I think having a physical
19:39
Speaker 2: number for a goal gives you that sense of satisfaction,
19:42
Speaker 2: makes it feel achievable. Hopefully give you that little dopamine
19:45
Speaker 2: hit that you're looking for. For the dental I would
19:48
Speaker 2: say it's going to depend on how urgent it is. Obviously,
19:51
Speaker 2: your mouth is very important. You need your teeth to
19:54
Speaker 2: eat and all those kinds of things, and it can
19:56
Speaker 2: be very painful if things aren't sorted. So if it's
19:59
Speaker 2: something it's urgent, take care of it, because there's also
20:01
Speaker 2: the potential for it to worsen and then it's really
20:04
Speaker 2: really really expended. Correct. Chat to your dentist as well.
20:07
Speaker 2: A lot of dentists offer payment plan options or installments
20:10
Speaker 2: or different things like that to see if there's anything
20:13
Speaker 2: that they might be able to help you out with. Otherwise,
20:16
Speaker 2: if it's something you can sit on, if it's not
20:18
Speaker 2: urgent and not causing you distress, it's going to depend
20:21
Speaker 2: on how long it's going to take you to pay
20:22
Speaker 2: off the debt. Honestly, fifteen thousand dollars is a significant
20:24
Speaker 2: some So if you say that's going to take me
20:26
Speaker 2: five or six years, that's probably arguably too long to
20:30
Speaker 2: push it in to work out, I would guess, so
20:32
Speaker 2: see what you can do. Can you consolidate it in
20:34
Speaker 2: payment plan would be my first preference because I agreed,
20:37
Speaker 2: You're not taking on additional debt so to speak, with interest,
20:41
Speaker 2: and you can pay it back slowly and if that
20:43
Speaker 2: means your bigger debt takes a bit longer. You know,
20:46
Speaker 2: your health is very valuable and important, and I would
20:49
Speaker 2: view it kind of as preventative to stop it from
20:51
Speaker 2: getting worse. But it's going to all depend on what
20:53
Speaker 2: it is that you need. Yeah, I don't know, Maybe
20:55
Speaker 2: I've got a left field. Oh I love those. I
20:58
Speaker 2: don't think it's that left field.
21:00
Speaker 3: But I don't think you should be putting off health
21:02
Speaker 3: appointments because you've got debt. Just because you've got debt
21:05
Speaker 3: doesn't mean that you shouldn't be looking after yourself. Yeah, like,
21:08
Speaker 3: and yes, debt is important to reduce and get rid of.
21:12
Speaker 3: But ultimately, if I sat down with your financial situation,
21:15
Speaker 3: I'd much prefer you to be in debt for a
21:17
Speaker 3: little bit longer and you to be fit and healthy
21:19
Speaker 3: and happy and comfortable than you to be out of
21:23
Speaker 3: debt sooner and then you've got crappy teeth. Like I
21:25
Speaker 3: just there needs to be some type of balance, and
21:28
Speaker 3: I think that there's a lot of financial content creators
21:30
Speaker 3: out there that are like no you can't do this
21:33
Speaker 3: until you're out of debt. Like what's his name, Dave
21:36
Speaker 3: Ramsey is so good at saying you cannot eat inside
21:39
Speaker 3: a restaurant until you have absolutely no debt. And I'm like,
21:43
Speaker 3: life's about the journey, sir, Like, don't get me wrong,
21:46
Speaker 3: We're not going out every weekend and throwing our money
21:49
Speaker 3: up against a wall instead of paying our debt off.
21:51
Speaker 3: But like, you deserve to have nice things, yeah, regardless
21:55
Speaker 3: of your financial circumstances. Like if you were saying, Victoria,
21:59
Speaker 3: like I buy you know, this really fancy outfit, or
22:02
Speaker 3: should I go on a holiday I'm not out of
22:04
Speaker 3: debt yet, I'd be like, probably not, because that's discretionary spending.
22:08
Speaker 3: That's stuff you don't need to spend in there, nice
22:10
Speaker 3: to haves, not need to have. So whereas I'd say
22:13
Speaker 3: dentals a need to have. Yeah, then when it comes
22:16
Speaker 3: to paying off your existing debt, I need my stuff
22:19
Speaker 3: gammafied as well. And I'm gonna throw our graphic designer
22:22
Speaker 3: under the bus right now, because we have those beautiful
22:25
Speaker 3: savings charts on our website that are free to download,
22:28
Speaker 3: and you can like, say five hundred dollars or one
22:30
Speaker 3: thousand dollars, and lots of people in our community like
22:32
Speaker 3: printing them off and putting them on the fridge or
22:34
Speaker 3: on their desk or whatever. Maybe we can just gammify
22:37
Speaker 3: that and be like, if you've got one thousand dollars
22:39
Speaker 3: worth of debt, here's how you're gonna pay it off,
22:41
Speaker 3: and you can gammify it that way. So I'm just
22:42
Speaker 3: gonna go to rebrand those so we've got savings and
22:45
Speaker 3: also debt reduction because it's impressive. The other thing that
22:49
Speaker 3: I found really motivating when I was paying off debt
22:53
Speaker 3: wasn't necessarily I feel like lots of people do it
22:56
Speaker 3: in like bundles, so like one thousand dollars yay. For me,
22:59
Speaker 3: it was like that because I'd be like, cool, I've
23:02
Speaker 3: got forty thousand dollars to pay. So it was like
23:05
Speaker 3: different milestones that in my head felt significant. So like
23:09
Speaker 3: for me, it was like those five thousand dollar marks.
23:12
Speaker 3: When I went from having thirty five thousand to thirty
23:14
Speaker 3: thousand dollars, I was like when that like front number changes,
23:17
Speaker 3: and then when it got closer to like that fifteen
23:19
Speaker 3: thousand dollar mark, I was like, oh my goodness, like
23:22
Speaker 3: can't wait until I get it down to four figures
23:24
Speaker 3: of debt, and then I knew I was like waiting
23:26
Speaker 3: for three figures of debt.
23:27
Speaker 2: So those types of changes, like maybe have.
23:30
Speaker 3: A think and sit down and be like, what would
23:32
Speaker 3: I find interesting that Maybe the thousand dollar bundles works
23:36
Speaker 3: for you, But for me, I was like, I want
23:39
Speaker 3: to see like change, not just like a number, but
23:41
Speaker 3: like it needs to feel different. So that worked really
23:44
Speaker 3: well for me. But yeah, I would gammify it for
23:47
Speaker 3: yourself and work in smaller amounts that maybe you get
23:50
Speaker 3: a sweet treat when you finished your first thousand dollars
23:53
Speaker 3: or maybe you're like, no, no, no, I'm gonna put
23:55
Speaker 3: off catching up for brunch with the girls until I've
23:57
Speaker 3: done this, and then that can be like a celebration.
23:59
Speaker 3: We don't have to not spend money, we just have
24:02
Speaker 3: to be more conscious.
24:03
Speaker 2: Yeah, that's where I'm at. So are you guys ready
24:06
Speaker 2: for our DM of the week, which is arguably a
24:07
Speaker 2: bit more spicy? Alright?
24:10
Speaker 3: I feel like it's week's DM is a little bit
24:12
Speaker 3: like double barreled, and it's all about diversification and not
24:16
Speaker 3: just across your portfolios, but specifically ETFs Hi, She's on
24:20
Speaker 3: the money. I have a proper money dilemma. I'm a
24:23
Speaker 3: longtime listener of the pod and have been investing on
24:26
Speaker 3: Chase's for about three years now, and I have about
24:29
Speaker 3: three thousand dollars invested. I've been playing around a little,
24:32
Speaker 3: but I'm trying to establish my long term strategy. I've
24:35
Speaker 3: come across BDHG and DHHF. I'm wondering is picking one
24:40
Speaker 3: of these enough as a complete diversified portfolio. I'm aware
24:44
Speaker 3: that they are both very diversified and paid divicent dividends.
24:48
Speaker 3: I've heard ved had one of her ETF's clothes. Would
24:52
Speaker 3: that happen to either of these? What would happen if
24:55
Speaker 3: I had a couple of one hundred thousand invested and
24:57
Speaker 3: then the ETF closed.
24:59
Speaker 2: Love some advice, thank you so much.
25:01
Speaker 4: So I guess first point of call is to make
25:04
Speaker 4: sure that there's no crossover, or like, if there is
25:06
Speaker 4: an it's not like a huge crossover. It's like, you know,
25:09
Speaker 4: I could either do one or the other. I think
25:14
Speaker 4: that is a popular enough yeah that I would be like,
25:18
Speaker 4: oh yeah, chuckle my money that. But I also feel
25:20
Speaker 4: I would feel more comfortable having it spread out, you know,
25:22
Speaker 4: across thirty four possible ets just kidding a few just
25:27
Speaker 4: to be safe. I don't know what the closing situation
25:29
Speaker 4: is though.
25:29
Speaker 2: Well, what closed for me was not an ETF. It
25:33
Speaker 2: was a managed fund.
25:34
Speaker 3: Which was it had higher costs associated with it. But
25:38
Speaker 3: they're more I guess private. So it's obviously publicly listed,
25:41
Speaker 3: but they're more private and they can shut them down.
25:44
Speaker 3: I really feel like ETFs don't shut down very often
25:48
Speaker 3: because they are tracking an index rather than being managed
25:51
Speaker 3: by an individual who's trying to perform in a certain market.
25:56
Speaker 3: So for me, the managed fund that shut down was
25:59
Speaker 3: called the Asian All Stars Fund, and I really liked
26:02
Speaker 3: it because I had all of these Asian law they
26:04
Speaker 3: called all Stars, and I thought it was really fun.
26:07
Speaker 3: But then what the conclusion was with the fund manager
26:11
Speaker 3: was they weren't outperforming the market. It was actually better
26:14
Speaker 3: for investors to have an ETF or something that tracked
26:17
Speaker 3: that market. They weren't actually accurately picking all Stars, and
26:21
Speaker 3: they were like, well, we don't want to waste people's
26:23
Speaker 3: money or our time on this anymore. So what happened
26:26
Speaker 3: was they sold it down. The implication of that was
26:29
Speaker 3: I did have to pay capital gains tax at that
26:32
Speaker 3: point because I had made money on that fund. But
26:35
Speaker 3: then I used that cash and I reinvested it back
26:38
Speaker 3: into my broader portfolio and picked other things. So when
26:41
Speaker 3: it sells down, you're not going to lose money. It
26:43
Speaker 3: will realize some tax, so like I had to pay
26:47
Speaker 3: some capital gains tax because like I made money. But
26:50
Speaker 3: also if an ETF shuts down, or if any type
26:53
Speaker 3: of managed portfolio shuts down, and the reason for it
26:57
Speaker 3: is that it's not performing, I would argue that you
27:00
Speaker 3: probably don't have a lot of profit to be taxed
27:03
Speaker 3: on anyway. So what would happen is it shuts down.
27:06
Speaker 3: It's basically sells down your portfolio, and you'd have that
27:08
Speaker 3: money back in your account, so you're not missing anything.
27:11
Speaker 2: You just have to redistribute it. And this is just
27:13
Speaker 2: part of parcel of making sure that you pick something
27:17
Speaker 2: that arguably is going to have longevity in the market.
27:19
Speaker 2: Whereas when I purchased the Asian All Stars Fund, they'd
27:23
Speaker 2: shut down portfolios before, Like I wasn't surprised, if that
27:27
Speaker 2: makes sense.
27:28
Speaker 4: So you shut it down after it gets to a
27:31
Speaker 4: point where it's like almost like you get no money
27:32
Speaker 4: back at all, or you can see it kind of
27:34
Speaker 4: no I.
27:34
Speaker 2: Had a profit. They just decided that it wasn't worth
27:37
Speaker 2: continuing managing that fund, and they wanted to probably put
27:41
Speaker 2: that fund manager on a different job or something, okay,
27:43
Speaker 2: And it would depend on the individual investor, like when
27:45
Speaker 2: you've invested how the market had gone, Like there's not
27:47
Speaker 2: really a hard and fast rule for if someone had
27:50
Speaker 2: tipped everything in yesterday versus if someone had bought a
27:52
Speaker 2: heap ten years ago. It's so reliant on the individual's
27:56
Speaker 2: like investment journey within that fund or whatever. They wouldn't
28:00
Speaker 2: be a rule. I wouldn't think. I would argue that
28:04
Speaker 2: you'd be hard pressed to find a financial advisor who
28:06
Speaker 2: would tell you that a singular ETF is enough diversification,
28:10
Speaker 2: even if it is a ETF that is specifically aimed
28:14
Speaker 2: at being diversified. Probably firstly for that exact example, like
28:17
Speaker 2: if it was to close down, you're kind of up
28:21
Speaker 2: against a wall, right, Like you don't have a choice.
28:23
Speaker 2: That's your whole portfolio that then would need to be redistributed. Also,
28:28
Speaker 2: there are just so many things in the world to
28:31
Speaker 2: invest in, do I mean, there are so many markets,
28:33
Speaker 2: there are so many industries for ETF to be as
28:37
Speaker 2: diversified as you would want a whole portfolio to be.
28:40
Speaker 2: I just don't know that it would be possible to
28:44
Speaker 2: have something that's everything to everyone, because again, it's like
28:46
Speaker 2: so dependent on your personal risk profile, it's so dependent
28:49
Speaker 2: on your personal moral compass. Like one of my favorite
28:53
Speaker 2: sayings is nothing can be everything to everyone. No one
28:55
Speaker 2: could be everything to everyone. I think that is true
28:57
Speaker 2: for investments as well. You have to have I think
29:02
Speaker 2: at least a couple of different ETFs to cover all
29:04
Speaker 2: of your markets, all of your preferences, all of your industries.
29:09
Speaker 2: Having one just feels very risky to me, And I
29:12
Speaker 2: just don't think that that's a recommendation that anybody would
29:14
Speaker 2: make if I'm honest. And often you'll see financial advisors
29:19
Speaker 2: recommending something like DHHF and then a more international option.
29:25
Speaker 2: So to compare both, because I think you're saying like
29:29
Speaker 2: they really overlap, and they do, so, Vanguard Diversified High
29:33
Speaker 2: Growth Fund is not necessarily an ETF, but it holds ETFs,
29:38
Speaker 2: so it actually holds three different ETFs, whereas the DHHF
29:42
Speaker 2: is just an ETF. So to get a little bit
29:45
Speaker 2: complex for a hot second, DHHF holds the top two
29:50
Speaker 2: hundred and then some global shares and then some emergent markets,
29:53
Speaker 2: which is, you know, just like a.
29:55
Speaker 3: Nice little mix. Whereas the Vanguard option VDHG holds Australian shares,
30:01
Speaker 3: global shares, also emerging markets, but it holds three different ETFs,
30:05
Speaker 3: and I find that interesting. But it's kind of like
30:09
Speaker 3: when you start to look at the individual holding. So
30:12
Speaker 3: instead of going, oh, well, it has different ETFs in it,
30:15
Speaker 3: let's just look at the companies that holds. Both of
30:18
Speaker 3: them hold Australian shares, So like banks, BHPCSL, they both
30:23
Speaker 3: hold internationally developing markets, they both hold emerging markets. So
30:27
Speaker 3: when we talk about just disclaimer again, when we talk
30:30
Speaker 3: about international developed markets, we're talking about America, we're talking
30:35
Speaker 3: about Europe. When I'm talking about an emerging market, it
30:40
Speaker 3: doesn't align perfectly. But when I talk about an emerging market,
30:43
Speaker 3: you can often think more Third world developing countries, and
30:48
Speaker 3: like that helps me delineate. It doesn't mean that it's accurate,
30:51
Speaker 3: but it helps me go okay, cool, Like there's like
30:53
Speaker 3: a little bit of a hierarchy per se of like
30:56
Speaker 3: obviously internationally developed markets have really clean systems and stuff
31:00
Speaker 3: in place, whereas places like China and India and Southern
31:05
Speaker 3: Asia are developing markets to get even more like technical.
31:09
Speaker 3: That's where you see like a lot of tech development
31:11
Speaker 3: and stuff, Whereas you don't see that as often in
31:14
Speaker 3: like a Europe because they're regulated differently. But you're going
31:18
Speaker 3: to see in both of those some very similar players.
31:22
Speaker 3: So in emerging markets, in international markets, and in Australia
31:26
Speaker 3: you've got you know, Apple, Microsoft, Amazon, Google, Tesla and
31:29
Speaker 3: they all hold those and then they all hold the
31:32
Speaker 3: Australian top two hundred. So it's kind of like going
31:34
Speaker 3: to and I always use the supermarket analogy, but let
31:37
Speaker 3: me like try a different analogy this time. It's like
31:40
Speaker 3: going to two different bars and ordering a margarita. Like
31:44
Speaker 3: you're gonna get a margarita. There's gonna be lime, there's
31:46
Speaker 3: gonna be together, there's gonna be salt. Might be different amounts,
31:51
Speaker 3: maybe same price, maybe a dollar different. Maybe that marks
31:54
Speaker 3: fifteen dollars and the other one sixteen dollars, but you're
31:57
Speaker 3: still getting a margarita. So do you want two much
32:00
Speaker 3: in your portfolio? Or do you want like a bloody
32:02
Speaker 3: Mary and a margarita? You know, like, how are we
32:05
Speaker 3: stocking our bar or our portfolio? Would you just get margaritas?
32:10
Speaker 3: Probably not, because like I don't want a bar where
32:13
Speaker 3: you walk in and I go, what do you drink?
32:15
Speaker 2: Can you go not to killer? And I go, I'm
32:17
Speaker 2: all out of options? So we want options and we
32:21
Speaker 2: want diversity because when our friends come to the bar,
32:23
Speaker 2: they want something different. Yeah that makes sense, love it? Yeah? Anyway,
32:28
Speaker 2: would you like to know what our community thought? Yes?
32:30
Speaker 3: Yes, So we asked the community about this, and they said,
32:33
Speaker 3: do you think holding just one ETF like VDHG or
32:36
Speaker 3: DHHF is enough for a long term strategy? Forty two
32:40
Speaker 3: percent of you said yes, and fifty eight percent.
32:42
Speaker 2: Of you said no. Okays about that, more of you
32:45
Speaker 2: need to do my investing masterclass.
32:47
Speaker 3: Next question we asked was for those using platforms like Chase's,
32:51
Speaker 3: has your strategy changed over time? And I'm so excited
32:55
Speaker 3: we asked this question. Sixty percent of you said, yes,
32:57
Speaker 3: my strategy has changed over time, and I just can
33:01
Speaker 3: we like reiterate that that happens for most people. Like
33:05
Speaker 3: you download your investing platform, you start investing, you learn more,
33:09
Speaker 3: you become educated, you get really clear on your goals,
33:11
Speaker 3: and then you change and that's fine, whereas I think
33:14
Speaker 3: so many of us are like, I don't know what
33:16
Speaker 3: my strategy would be.
33:17
Speaker 2: I'm not downloading the A up, I'm not starting. We're
33:20
Speaker 2: pivoting queens. We can change.
33:22
Speaker 3: Absolutely, And then we asked do you think simplicity over
33:27
Speaker 3: optimization when it comes to investing? Seventy seven percent of
33:31
Speaker 3: you said simplicity all the way, and twenty three percent
33:34
Speaker 3: of you said optimization.
33:36
Speaker 2: For me, okay, there's like a middle point where it's
33:39
Speaker 2: like you want things to be simple, but also you
33:42
Speaker 2: want things to be optimized as well, Like there's too
33:45
Speaker 2: simple almost. I also think we get too down in
33:49
Speaker 2: the trenches of optimization and we go, well, what's that
33:53
Speaker 2: costing us? Usually time? But also like what's the difference
33:58
Speaker 2: in performance?
33:59
Speaker 4: Yeah?
33:59
Speaker 2: Also how much time and energy do I want to
34:01
Speaker 2: put in for this? Like do I want a standard
34:03
Speaker 2: ten percent return? Or am I going to work tooth
34:07
Speaker 2: and nail forever and be so in the trenches for
34:10
Speaker 2: ten and a half? Like what's and that's not even
34:14
Speaker 2: a guaranteed ten and a half?
34:15
Speaker 1: You know.
34:16
Speaker 3: So then we asked the community and we said, what
34:18
Speaker 3: is your two cents? Some of you were really complimentary
34:22
Speaker 3: and you were all like, like, literally, look at these messages.
34:25
Speaker 2: I started using Chasis because if she's on the money,
34:28
Speaker 2: so cute, tell me your thoughts.
34:30
Speaker 3: So many people were like, go see an advisor if
34:33
Speaker 3: you're trying to invest more than a couple of grand.
34:35
Speaker 3: And I thought that this was important because I feel
34:37
Speaker 3: like this is still a conversation that we are having.
34:40
Speaker 3: But I think you're more than equipped if you're investing
34:43
Speaker 3: that amount of money, yeah, to make decisions on your own.
34:47
Speaker 1: I don't know.
34:48
Speaker 2: I just feel like there's so many resources out there
34:50
Speaker 2: nowadays and financial advice. I'm not saying don't go get
34:53
Speaker 2: it if you had a couple of hundred grand, or
34:55
Speaker 2: you had like a complex situation, or you're like Victoria,
34:57
Speaker 2: my partner and I want to do some financial plan
35:00
Speaker 2: because we earned two hundred grand together. I'd be like, yeah,
35:03
Speaker 2: that's good reason, but not just because you want two
35:06
Speaker 2: thousand dollars invested. Yeah, personal, I mean it would eat
35:10
Speaker 2: up all the money you were going to invest. Right.
35:13
Speaker 3: Next person said, I've had a lot of overlap, so
35:15
Speaker 3: now I just focus on the market of the ETF,
35:18
Speaker 3: not necessarily what's popular. Another person said simple is fabulous,
35:22
Speaker 3: but you don't want to be putting all your eggs
35:23
Speaker 3: in one.
35:24
Speaker 2: Basket, to say.
35:26
Speaker 3: Someone else said, those two are pretty similar. I've done
35:29
Speaker 3: some research and I still haven't decided on one, but
35:31
Speaker 3: they're on my list. Another person said high growth diversification
35:36
Speaker 3: for core. Anything else is exploration and learning for me,
35:39
Speaker 3: as it's really early days. Another person said, it is
35:42
Speaker 3: so easy to get overwhelmed by the noise, but diversification
35:46
Speaker 3: can just be so easy by using two different ETFs
35:49
Speaker 3: in different markets, which is true because you've just got
35:52
Speaker 3: two ETFs that arguably are holding the same market. Yeah,
35:55
Speaker 3: so maybe you just need to look outside what that
35:57
Speaker 3: looks like totally. And sometimes you don't even need to
36:00
Speaker 3: look outside of the company, Like you could have two
36:03
Speaker 3: Vanguard ETFs and they'd be fine, two Beata Shares ETFs
36:06
Speaker 3: and they'd be fine, but not overlapping. Someone else said,
36:10
Speaker 3: check out your fees for diversity in those platforms.
36:13
Speaker 2: Is it actually worth it?
36:15
Speaker 3: Another person said what happens if you sell down if
36:17
Speaker 3: you've made a profit, Maybe you don't want to so
36:19
Speaker 3: you don't have to pay CGT, which I thought was
36:22
Speaker 3: really smart as well, Like sometimes we buy things we
36:25
Speaker 3: liked it and we're like, oh, that's really similar to
36:27
Speaker 3: this other thing. I probably should get rid of it.
36:29
Speaker 3: But like personally, I'm like, maybe I'll just leave it
36:33
Speaker 3: there and I won't invest more, and then one day
36:35
Speaker 3: if it's not performing well, I'll sell it and roll
36:37
Speaker 3: it into something else. But yeah, it doesn't mean that
36:40
Speaker 3: it's bad teaking along totally. Someone else said I really
36:43
Speaker 3: wish I had been a little bit simpler and gone
36:45
Speaker 3: with three ETFs instead of my thirteen, and someone else
36:49
Speaker 3: said VDHD all the way, it's my favorite.
36:52
Speaker 2: I kind of love it, so there you go. And
36:55
Speaker 2: other people were just like, can't wait to hear answers
36:57
Speaker 2: on this, so you're welcome anyway. That brings us to
37:01
Speaker 2: the end of the show, My friends, lovely listeners. As always,
37:04
Speaker 2: that is all we have time.
37:05
Speaker 3: For today, and as always, as always, as always, thank
37:09
Speaker 3: you for being part of our community. Whether you're listening
37:12
Speaker 3: on your walk, or you're in your car, or you're
37:14
Speaker 3: pretending to work and listening to us, Thank you. We
37:18
Speaker 3: honestly appreciate it, and I love the fact that we
37:20
Speaker 3: have this little intimate relationship where the three of us
37:23
Speaker 3: get to hang out in your ears every Friday, have
37:25
Speaker 3: the best weekend.
37:26
Speaker 2: Look after yourselves, and we're going to see you brighton
37:28
Speaker 2: early on Monday for a brand new money diary, My
37:31
Speaker 2: Gods Bye.
37:35
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37:38
Speaker 6: in nature and does not consider your individual circumstances. She's
37:42
Speaker 6: on the Money exists purely for educational purposes and should
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Speaker 6: not be relied.
37:46
Speaker 2: Upon to make an investment or financial decision. If you
37:49
Speaker 2: do choose to buy a financial product.
37:51
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37:54
Speaker 2: Advice tailored towards your needs.
37:56
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