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It’s Giving ‘Rich’: What Does Wealth Actually Look Like? · She's On The Money

0:00
Speaker 1: She's on the Money.
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Speaker 2: She's on the Money. My name's Snatasha Bamblet.
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Speaker 3: I'm a proud First Nations woman and I'm here to
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Speaker 3: acknowledge country. Hello, beautiful friends, we gather on the lands
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Speaker 3: of the Aboriginal people. We thank, acknowledge and respect the
0:20
Speaker 3: Aboriginal people's land that we're gathering on today. Take pleasure
0:22
Speaker 3: in all the land and respect all that you see.
0:25
Speaker 3: She's on the Money podcast acknowledges culture, country, community and connections,
0:29
Speaker 3: bringing you the tools, knowledge and resources for you to thrive.
0:32
Speaker 2: Hello, friends, and welcome to She's on the Money, the
0:35
Speaker 2: podcast where we discuss all of the issues concerning your
0:38
Speaker 2: wealth goals so that you feel more in control of
0:41
Speaker 2: your financial future. I'm Victoria Devine and right now I'm
0:45
Speaker 2: here to address the elephant in the room that is wealth.
0:50
Speaker 2: When did you first realize where you or a family
0:53
Speaker 2: member stood on the financial ladder. Maybe it was during
0:56
Speaker 2: play lunch at primary school, law Perhaps you were at
0:59
Speaker 2: a birthday party when you saw the kinds of presents
1:02
Speaker 2: other kids were getting. Or maybe, like me, it was
1:05
Speaker 2: the fact that your aunt and uncle always had Coca
1:08
Speaker 2: Cola in their fridge and they had a fancy French
1:10
Speaker 2: door fridge. Ah, no matter what your current relationship with
1:14
Speaker 2: wealth looks like today, some of our earliest ideas of
1:17
Speaker 2: what it means to be quote rich can continue to
1:21
Speaker 2: shape our money stories over time. So today miss Beck
1:25
Speaker 2: SAYEDA and I are going to be discussing some perhaps
1:28
Speaker 2: polarizing ideas about wealth and what it actually means to
1:32
Speaker 2: be rich. So Beck, welcome to our deep dive.
1:36
Speaker 4: Thank you so much for having me. This is a
1:38
Speaker 4: very exciting one. I feel like it's it's so nice
1:40
Speaker 4: to discuss like wealth and rich. I mean, what does
1:44
Speaker 4: it all look like? It depends really and what well.
1:47
Speaker 2: Mean and what's real and what's not exactly right?
1:51
Speaker 4: So where do we begin?
1:53
Speaker 2: Right? I feel like I'm in the driver's seat this time,
1:55
Speaker 2: and it's usually you in jewrying and then you're in
1:57
Speaker 2: the driver's seat. But I want to start. What is
2:00
Speaker 2: your earliest memory of wealth? Like when did you first
2:03
Speaker 2: understand what it meant when you said someone was rich?
2:08
Speaker 4: I just remember my mom always saying that we didn't
2:10
Speaker 4: have money. We didn't like She's like, I can't get
2:12
Speaker 4: that we don't have money, and I didn't really even
2:14
Speaker 4: know what that meant. And I remember I went into
2:16
Speaker 4: a shop once and I had like five dollars and
2:19
Speaker 4: I went to buy something that was very expensive, and
2:21
Speaker 4: my mom was like, you literally can't do that, you
2:23
Speaker 4: don't have money. And I was like, no, I have
2:25
Speaker 4: five dollars, They're going to give me change. And I
2:27
Speaker 4: remember not really understanding the concept obviously of money at all.
2:30
Speaker 4: Oh yeah, yeah, but just thinking like, well, if you
2:32
Speaker 4: have any amount of money ever, then that's fine. But
2:35
Speaker 4: then yeah, as you grew up, you kind of like
2:38
Speaker 4: start realizing what that kind of looks like. And all
2:41
Speaker 4: you know is if you're told you don't have money
2:44
Speaker 4: but this person does, then you don't know what that
2:47
Speaker 4: looks like yet, but you just know that you can't
2:50
Speaker 4: do something that they can. It's all very blurry, fair.
2:54
Speaker 4: It feels like fire. That's annoying, but you also just
2:57
Speaker 4: get used to it. I think after some.
2:59
Speaker 2: Time, indicators and I feel like they were for me,
3:04
Speaker 2: like play lunch, when play lunch, play lunch? Wait, what
3:09
Speaker 2: did you call recess?
3:10
Speaker 3: Yeah?
3:10
Speaker 2: You play lunch or little lunch is what we called
3:13
Speaker 2: it too. Oh, we called it play lunch, play lunch. Cute,
3:17
Speaker 2: You're really lame. No, that's the cutest name for what
3:19
Speaker 2: a Tasmanian thing. Maybe, Oh my god, I've noticed that
3:24
Speaker 2: my friends call it year twelve and year eleven. Yeah,
3:27
Speaker 2: and I always called it grade twelve and grade eleven. True.
3:30
Speaker 2: And I don't know. There's just like little things about like.
3:33
Speaker 4: Totally did you have kindy? We had preschool kindy? You one,
3:38
Speaker 4: you two, et cetera. But I think I don't know
3:40
Speaker 4: about you guys, but you do you have prep?
3:41
Speaker 2: Yeah? We had kindergarten and then you had and we
3:44
Speaker 2: had prep. That's crazy, is it? Yeah, it's crazy.
3:47
Speaker 4: That's all in the same country as well.
3:48
Speaker 2: Oh but like for me play lunch, it was like,
3:53
Speaker 2: I think in like grade one or two, I started
3:55
Speaker 2: to notice that kids had like the Smith's chips yeah yeah,
4:00
Speaker 2: and there's no way we would have purchased Smith's or
4:03
Speaker 2: like the ELCM bus yeah yeah. Yeah. That was bougie. Yeah,
4:07
Speaker 2: and it wasn't health related. So I know that my
4:10
Speaker 2: mom wouldn't let us have roll ups because she was like,
4:12
Speaker 2: they're so bad for your teeth, you're not having them.
4:13
Speaker 2: And it was never about money, but they're like quote
4:16
Speaker 2: at the time, I feel like elsmbar or whatever was
4:19
Speaker 2: a healthy option. It's not just spoiler, but I feel
4:23
Speaker 2: like I just thought that those were the rich kids
4:26
Speaker 2: because they had the fancy holographic foil packaging and yeah,
4:31
Speaker 2: the white at the time, my mom would buy And
4:34
Speaker 2: this is no shade. My mum was just an economic queen.
4:36
Speaker 2: Sure the Biloa do you remember biload They were white
4:40
Speaker 2: with the stripes blue light blue stripes. Yeah, but I
4:42
Speaker 2: had the green stripes if it was chicken flavor, and
4:44
Speaker 2: the pink stripes if it was salt vinegar. They're the
4:47
Speaker 2: ones that I had lutely, and I just remember being like,
4:50
Speaker 2: maybe mine aren't as good as other people's.
4:53
Speaker 4: Yeah, okay, I know what you mean.
4:55
Speaker 2: Maybe they are better than me, but I didn't know
4:59
Speaker 2: why or how. But were there any other things for
5:03
Speaker 2: you growing up that kind of felt like that.
5:05
Speaker 4: It was probably less so in the I guess, like
5:08
Speaker 4: in the playground, and more so like going out and
5:11
Speaker 4: doing things that your friends were doing, and so like
5:14
Speaker 4: you know, if you you know everyone was meeting at
5:16
Speaker 4: the shopping center, it's like maybe your friend has a
5:19
Speaker 4: lot of money to spend on things, and you just
5:21
Speaker 4: you can just tell. It's like almost like a feeling
5:23
Speaker 4: that you can feel is that you can't do something well,
5:28
Speaker 4: like there is some limit to your and at the time,
5:31
Speaker 4: it feels like a limit to a joy. It's like
5:34
Speaker 4: there's a limit here, and so like, yeah, going to
5:36
Speaker 4: the supermarket, or going and meeting friends when you go
5:39
Speaker 4: to the movies, just like clothes, shoes, like all these
5:42
Speaker 4: things that you were just like, I'm not matching them
5:45
Speaker 4: in this way. Yeah, and I would love to. But
5:47
Speaker 4: there's like a it almost feels like a block, Like
5:49
Speaker 4: it's like if you've never had it, you don't know
5:52
Speaker 4: that you're missing out. There is a block there where
5:54
Speaker 4: it's like I don't know what that extra unlocked level
5:58
Speaker 4: looks like. No, and so I don't feel like I'm
6:01
Speaker 4: lacking anything. I just can't see it.
6:04
Speaker 2: I remember the name brand pencil cases were a big
6:07
Speaker 2: deal at school.
6:08
Speaker 4: You would keep your name out of those, always a
6:11
Speaker 4: different I'm thinking, like you cut like your name out
6:13
Speaker 4: of the little cardboard. You'd slide them into the well.
6:16
Speaker 2: We had those, but we also like girls would bring
6:20
Speaker 2: like the Roxy or the Billabong pencil cases from the
6:22
Speaker 2: surf shop. Yeah, they were really cool, cool, they were
6:26
Speaker 2: cool girls. And then the other thing that I'm remembering
6:29
Speaker 2: now is. For some reason, I cared deeply about my
6:34
Speaker 2: school shoes, yeah, and having the name brand school shoes,
6:38
Speaker 2: even though they were just black school shoes. There was
6:41
Speaker 2: nothing to write home about them. Yeah, but I just
6:44
Speaker 2: wanted what everybody else had. And I don't even think
6:48
Speaker 2: it was a bad decision. It wasn't like a rich
6:50
Speaker 2: versus wealthy like my parents couldn't afford it. It was
6:52
Speaker 2: my parents were like, Vitraya, you don't need one hundred
6:55
Speaker 2: and fifty dollars school shoes, like right, these ones are better,
6:58
Speaker 2: they have orthotics, they like they were trying to do
7:01
Speaker 2: the right thing. But all I wanted to do was
7:03
Speaker 2: fit in and have what the other kids had. So
7:05
Speaker 2: I just in my head had this idea that the
7:08
Speaker 2: kids who had the name brand school shoes were better
7:11
Speaker 2: than me. Yeah, And I don't know why, Yeah that
7:14
Speaker 2: even makes any sense, but I remember feeling that quite
7:17
Speaker 2: deeply and being really upset that my mum wouldn't let
7:20
Speaker 2: me have the ones that weren't good for my shoes,
7:23
Speaker 2: for my feet. She'd be like, no, Victoria, if you're
7:25
Speaker 2: gonna wear these every day, like you're gonna have these
7:27
Speaker 2: other ones. And I was just honestly beside myself that
7:30
Speaker 2: I just didn't have what the other girls had for sure.
7:33
Speaker 4: And I guess if it's something that's like, you know,
7:35
Speaker 4: the school uniform, maybe they all look the same, but
7:37
Speaker 4: it's something that's very obviously either it is or it
7:40
Speaker 4: isn't the quote unquote good one, you know.
7:43
Speaker 2: And I feel like that just scratches the surface. So
7:45
Speaker 2: we're going to take a really quick break, but when
7:47
Speaker 2: we get back, we're going to unpack our current understanding
7:50
Speaker 2: of what it actually means to be rich versus what
7:52
Speaker 2: real wealth actually looks like. Welcome back to She's the Money,
8:00
Speaker 2: the podcast that explores the origin of our money stories.
8:04
Speaker 2: We've touched on some of our earliest ideas of what
8:06
Speaker 2: being rich looked like growing up. In some instances, those
8:09
Speaker 2: perceptions weren't valid at all back while in others our
8:12
Speaker 2: ideas of wealth were honestly really exaggerated. Like do you
8:16
Speaker 2: remember the show Richie Rich? Yeah, and that kid who
8:19
Speaker 2: like just was really rich. I thought that was what
8:22
Speaker 2: rich was, right, Obviously, it's like having tennis courts and
8:26
Speaker 2: flying in helicopters and being wildly unrelatable and really rude.
8:31
Speaker 4: Yeah, totally, Like you've got to be a little bit
8:33
Speaker 4: mean if you're rich.
8:34
Speaker 3: Yeah.
8:34
Speaker 2: Yeah, And like from a very young age, it was
8:37
Speaker 2: fed to us that rich was not good. Yeah, like
8:41
Speaker 2: evil dictators and stuff. They were always rich, weren't they. They
8:43
Speaker 2: always had so much money to do evil things and
8:46
Speaker 2: all the good people were just human beings.
8:48
Speaker 4: Yeah, that's so true. Whouys kind of like that.
8:51
Speaker 2: But this narrative that rich isn't good has been fed
8:54
Speaker 2: to us, and I guess we weren't really able when
8:58
Speaker 2: we were younger to grow us what it actually looked
9:01
Speaker 2: like in everyday situations and what this has actually taught
9:04
Speaker 2: us about narrative and what we tell ourselves about rich
9:08
Speaker 2: and what we tell ourselves about money, So our understanding
9:10
Speaker 2: of wealth and what being rich is. I don't think
9:14
Speaker 2: they are the same, and I think that they're very different. So, beck,
9:19
Speaker 2: what today makes someone seem rich or wealthy to you
9:23
Speaker 2: in a here and now in terms.
9:24
Speaker 4: Of like money, it would just be honestly being able
9:29
Speaker 4: to pay for things that without crippling anxiety, like I've
9:35
Speaker 4: got to go get my car serviced and maybe I'll
9:37
Speaker 4: book my current for a service or something like that.
9:38
Speaker 4: It's like, WHOA, you've got your shit together, Like this
9:42
Speaker 4: isn't going to financially ruin you getting your car service
9:45
Speaker 4: right now, You're just going to book it. That's crazy.
9:48
Speaker 4: That for me is like you're doing well, but that's
9:51
Speaker 4: only like in the financial kind of way. Rich obviously
9:54
Speaker 4: has a hot takes on a whole new meaning in
9:56
Speaker 4: so many different ways. It doesn't necessarily just mean money,
9:58
Speaker 4: but for that kind of yeah, it's just like being
10:01
Speaker 4: able to do things that are necessary or even just
10:04
Speaker 4: like luxurious, but main maintenance of yourself and of your
10:09
Speaker 4: life and of the things that you own without any stress.
10:12
Speaker 2: I think, is it like a visual indicator for you
10:15
Speaker 2: or is it more of those like background things like that,
10:18
Speaker 2: hold on, you must be wealthy. You're making these decisions
10:22
Speaker 2: without any thought.
10:24
Speaker 4: Exactly, and that that is the crazy thing, is that
10:25
Speaker 4: like I don't I don't know someone who looks rich
10:29
Speaker 4: like or maybe like maybe Pilate's outfit, because I'm like, oh,
10:32
Speaker 4: you can that's rich. You can afford of earth are subscription?
10:37
Speaker 4: Is that what it's called?
10:38
Speaker 2: I think so membership a membership. Yeah, yeah, they're kind
10:42
Speaker 2: of rich, they're kind of rich.
10:43
Speaker 4: But otherwise I don't see really any visual indicator I
10:46
Speaker 4: feel like.
10:47
Speaker 2: It's so interesting because is it about like your net worth,
10:51
Speaker 2: like how much you have in your bank account, or
10:53
Speaker 2: is it about assets and you know, the things that
10:56
Speaker 2: you have, or is it like luxury and material things?
10:58
Speaker 2: And I just remember so vividly. Yeah, and like I'm
11:03
Speaker 2: just calling myself out here, so like, I am very privileged.
11:06
Speaker 2: I think that now if I laid everything out on
11:10
Speaker 2: the table, everyone in our community would be like, Victoria Devine,
11:13
Speaker 2: you are wealthy. Like I have a very nice roof
11:17
Speaker 2: over my head, I'm able to pay my mortgage, I
11:19
Speaker 2: have a really nice savings account, I have my emergency fund.
11:24
Speaker 2: My husband and I invest like we are comfortable. And
11:28
Speaker 2: you know, it always makes me feel a little bit
11:31
Speaker 2: guilty when I have conversations like this and you're like, wow,
11:34
Speaker 2: you can just book in and get your car service.
11:37
Speaker 2: And I'm like, well, yeah, like I can. What a privilege,
11:41
Speaker 2: Like I'm so lucky, and I'm just I'm grateful that
11:43
Speaker 2: we can have these conversations and be in such different
11:45
Speaker 2: positions and not be like, oh rude, like we just
11:49
Speaker 2: I'm glad that you're where you are, and I'm trying
11:52
Speaker 2: to get you further and like getting you in the
11:53
Speaker 2: best possible position. But I also think that it's not
11:56
Speaker 2: lost on our community that I have worked really hard
11:59
Speaker 2: for this, and I grateful that they see that. And
12:02
Speaker 2: it's not just like, oh, Victoria's rich, what a snob?
12:04
Speaker 2: Like I just can't imagine anything worse, you know, like
12:07
Speaker 2: I can't imagine you going, oh, she's so unrelatable and
12:10
Speaker 2: I go, oh, oh that's awful, Like I want to
12:13
Speaker 2: be No anyway, I just I feel really grateful having
12:18
Speaker 2: these conversations that that turns into guilt for me. And
12:21
Speaker 2: it's I know, such an interesting dynamic because I want
12:24
Speaker 2: to talk about wealth more, but I also don't want
12:26
Speaker 2: people to think that I'm just hear bragging.
12:28
Speaker 4: No, And isn't it funny that you're teaching or like
12:31
Speaker 4: you're you're I want to say, you're teachings like you're
12:33
Speaker 4: like a cult leader, but I would like to be
12:35
Speaker 4: a cult leader.
12:36
Speaker 2: Yes, that is what I've been working towards.
12:38
Speaker 4: Like the end goal is financial freedom. And so isn't
12:41
Speaker 4: it funny when it's like when you get there, you're like,
12:43
Speaker 4: now I feel bad. Now I feel like everyone's going
12:44
Speaker 4: to do Yeah.
12:46
Speaker 2: No, that's what we're trying to get to but also
12:48
Speaker 2: I want this for you. Yeah, exactly, girl. It feels
12:51
Speaker 2: so good.
12:52
Speaker 4: Yeah, it's so nice to.
12:55
Speaker 2: Have a conversation in the morning with my husband and
12:57
Speaker 2: he goes, oh, my, can't need a service, and I
12:59
Speaker 2: go bad book it in totally like we aren't stressed
13:02
Speaker 2: about that because we know that our money is sitting
13:04
Speaker 2: there ready for those conversations and ready for those things.
13:07
Speaker 4: It's not a stress.
13:08
Speaker 2: Like what a privilege it is to not have to
13:11
Speaker 2: sit down with my husband and go, Okay, cool, we
13:14
Speaker 2: need to do this and this, and I just don't
13:17
Speaker 2: know how we're going to get that to work. Yeah,
13:18
Speaker 2: like at the moment, that's not where we're at. We've
13:21
Speaker 2: been there, it's been stressful, but like, to me, it's
13:24
Speaker 2: such a privilege. Anyway, let's move on from that, because
13:27
Speaker 2: I can feel like it's not as productive. But for me, historically,
13:30
Speaker 2: when I first kind of came into money, you could say,
13:33
Speaker 2: when my businesses started, you know, producing enough profit that
13:38
Speaker 2: I wasn't just scraping by anymore. Like once I and
13:42
Speaker 2: this was not that long ago, Like, it's not like
13:44
Speaker 2: I've been in this situation for more than ten years.
13:46
Speaker 2: I haven't. I haven't even been in this situation for
13:48
Speaker 2: five right, But I just thought that designer goods, that's
13:52
Speaker 2: what I should be spending my money on, right, Like
13:55
Speaker 2: I want a Louis Vaton bag, I want a Krtier bracelet,
13:59
Speaker 2: I want all of that. Going myself out sitting here
14:01
Speaker 2: wearing a bloody Cardier breas hell, I get it, But
14:04
Speaker 2: I just I remember those things to me were so
14:08
Speaker 2: much about achievement, like, oh, she's wearing that, she must
14:12
Speaker 2: have done some really cool things, or she must have
14:14
Speaker 2: achieved this and done that. And now I just I
14:16
Speaker 2: could not care less, Like I cannot think of anything
14:20
Speaker 2: worse than somebody having the Cartier bracelet or having the
14:23
Speaker 2: really expensive handbag and not having an emergency fund. My queen,
14:27
Speaker 2: what are you doing? Like your vision changes? And it
14:32
Speaker 2: just what's driving this, Like it's the idea of colonization
14:37
Speaker 2: coming into capitalism, and I just it frustrates me because
14:41
Speaker 2: I just why do we have to live in such
14:43
Speaker 2: a capitalist society where the perceived indicators are not the
14:47
Speaker 2: same as the actual ones. But we see these people
14:50
Speaker 2: running around with heaps of debt and really nice cars
14:53
Speaker 2: and really nice everything, and we think that's success. Whereas
14:57
Speaker 2: the people who are driving the old bomb of a car,
15:00
Speaker 2: who are like I don't need anything else and have
15:03
Speaker 2: financial freedom in the background, they're the ones that are
15:05
Speaker 2: really living. Yeah, yeah, totally, Like that's a slay to me.
15:09
Speaker 2: Whereas the stuff take it or leave it, like it
15:12
Speaker 2: doesn't actually make you happier. And if you're always looking
15:15
Speaker 2: for the next thing to purchase, what you're telling me
15:19
Speaker 2: is that you're just not happy with what you already
15:21
Speaker 2: have at home exactly right, Like, and how can you
15:24
Speaker 2: be grateful for the next thing if you're not even
15:26
Speaker 2: grateful for what you already have?
15:28
Speaker 4: Yeah, if you're always like, oh, I need to be here,
15:30
Speaker 4: I need to like you're just like constantly looking forward
15:33
Speaker 4: and you never you're never living your current life. You're right, ever,
15:38
Speaker 4: be really here, do you know what I mean? Like
15:40
Speaker 4: you're just like when I get there, When I get there,
15:42
Speaker 4: I'm going to start living. It's like, okay, but you
15:45
Speaker 4: so so far you haven't lived and you how long
15:48
Speaker 4: have you been here? Do you know what I mean?
15:49
Speaker 4: It's like you got to start living now, yeah, And it's.
15:51
Speaker 2: Like, I don't know it's even now I have children.
15:54
Speaker 2: This conversation of like public versus private education. Am I
15:59
Speaker 2: kids it under tooth, so like this is not a
16:02
Speaker 2: conversation that I need to have. But it turns out
16:05
Speaker 2: when I was asked at, I just had like a
16:07
Speaker 2: mother's group catch up with like a group of mums
16:09
Speaker 2: that I met, not my actual mother's group, and they
16:12
Speaker 2: were like, oh, what schools have you got Hovey done for?
16:14
Speaker 4: I was like, what, hot so early?
16:16
Speaker 2: And they're like, yeah, like you put them down when
16:19
Speaker 2: they're born. And I was like oh what and they're like, oh,
16:23
Speaker 2: you haven't done any schools And I was like no,
16:26
Speaker 2: I thought you just picked when you were meant to
16:28
Speaker 2: send them to school. Like to me, that was a
16:30
Speaker 2: wealth versus like not wealthy indicator because I was like, oh,
16:34
Speaker 2: that's not how I grew up, Like I went to
16:35
Speaker 2: public school and like we just went to the school
16:37
Speaker 2: where we were And I remember it was a whole
16:39
Speaker 2: thing when I was in grade six, Mom and dad
16:41
Speaker 2: trying to get me into the like the local Catholic
16:43
Speaker 2: school because like it was a better educational opportunity and
16:47
Speaker 2: like I had to see if I got in or not,
16:48
Speaker 2: and I did, thankfully, But like that was you know
16:52
Speaker 2: when we were talking about it, Yeah, I didn't know
16:55
Speaker 2: that you were meant to put yourself down, all your
16:57
Speaker 2: kids down, for your private education. And then it got
17:01
Speaker 2: me thinking. I went home and I said to my husband, Hey,
17:03
Speaker 2: did you know? And he was like yeah, oh, like
17:06
Speaker 2: wait what He's like, yeah, we really should be talking
17:09
Speaker 2: and thinking about this, and I was like, should we? Like?
17:12
Speaker 2: And then it opened this whole conversation about private versus
17:15
Speaker 2: public education and you know, what I want for my
17:18
Speaker 2: kids versus what my husband wants my kids, and think, God,
17:20
Speaker 2: we're on the same page about that, but just do
17:23
Speaker 2: we want them to go to a private school?
17:25
Speaker 3: Yeah?
17:25
Speaker 4: Yeah, yeah, beyond.
17:27
Speaker 2: The education because again privilege. I live in an area
17:30
Speaker 2: where the public schools are really well regarded. Yeah, what's
17:34
Speaker 2: the difference between sending my kid to a public school
17:36
Speaker 2: versus a private school? Is that private school going to
17:40
Speaker 2: give a superior education or is it just going to
17:44
Speaker 2: surround him with more wealthy people? And is that what
17:47
Speaker 2: I want his life to look like? Is that the
17:49
Speaker 2: social circles I want him to keep? Do I?
17:52
Speaker 4: I don't know, I totally agree I'm going to because that's.
17:54
Speaker 2: Not the social circles I keep like most of the people,
17:57
Speaker 2: and that's not a bad thing. It's not a good thing.
17:59
Speaker 2: I don't care that, Like, I just look at it
18:00
Speaker 2: and go some of our best friends are in trades.
18:03
Speaker 2: Some of our best friends you know, or went to
18:06
Speaker 2: public school. It's just they're not the circles I have.
18:09
Speaker 2: And you might have gone to a private school and
18:11
Speaker 2: have an incredible circle of friends. But I'm really seeing
18:14
Speaker 2: that divide at the moment between my experience and my
18:18
Speaker 2: husband's experience, who did go to a private school and
18:21
Speaker 2: has like more wealthy friendship circles, and like just it's
18:25
Speaker 2: different to what I.
18:26
Speaker 4: Have for sure, And I think that like it definitely
18:28
Speaker 4: builds some sort of like you start understanding that your
18:31
Speaker 4: experience is not the sole experience. Ye, it is very
18:35
Speaker 4: valuable and it doesn't matter like if your experience is
18:38
Speaker 4: good or bad or anything between. It's like just just
18:41
Speaker 4: even knowing that you have lived a life that is
18:43
Speaker 4: not exactly the same as everyone else, and some people
18:46
Speaker 4: might have worse lives and some people might have better lives,
18:48
Speaker 4: and just like knowing that is really important. Yeah, So
18:51
Speaker 4: I think that I back that. I back that completely.
18:54
Speaker 2: But it's a hard conversation to have because you're, like
18:56
Speaker 2: I want to do the best for my kid. But
18:59
Speaker 2: what is is it rich? Like is it the rich
19:02
Speaker 2: decision of being like, yeah, cool, we're going to send
19:05
Speaker 2: them to private school or I don't know. I've had
19:08
Speaker 2: a friend recently pull their kid out of private school
19:11
Speaker 2: to send them to public school because they were like, Victoria,
19:13
Speaker 2: I just wanted more community, and I feel like the
19:16
Speaker 2: private education system doesn't lean into that in the same
19:18
Speaker 2: way that the public education system does. Like she's like,
19:21
Speaker 2: I'm here for the sausage sizzles, I'm here for the fundraisers.
19:24
Speaker 2: I'm here for all of that, and I want my
19:25
Speaker 2: kids to see that and they don't see it in
19:27
Speaker 2: the school that they were in. Like, Okay, that's really
19:31
Speaker 2: important for me too, for sure. Hard decisions, right Anyway, Beck,
19:35
Speaker 2: we have covered I think our earliest memories and what
19:38
Speaker 2: we've been chatting about, and I guess some mixed perceptions
19:41
Speaker 2: on what wealth actually looks like. But I feel like
19:43
Speaker 2: there's so much more to it, and I want to
19:45
Speaker 2: bring in a little bit more structure. So when we
19:47
Speaker 2: return from our break, we're going to dive straight into
19:50
Speaker 2: some social stigmas. All right, you are here just in time,
19:57
Speaker 2: my friend for the juicy part beck who's a lo
20:00
Speaker 2: to be rich?
20:01
Speaker 4: Who's allowed to be rich?
20:03
Speaker 2: And do we actually have a problem with rich people
20:05
Speaker 2: or do we have a problem with elitism?
20:07
Speaker 4: Oh my goodness, that's a really good question because it's
20:10
Speaker 4: like everyone's alwed to be rich, and I think yes,
20:13
Speaker 4: it does feel different when it's like comes from someone
20:15
Speaker 4: who has been brought up rich. Maybe they're a Nepo
20:19
Speaker 4: baborn with a silver spoon.
20:21
Speaker 2: Yeah, there's so many like that's fine, like fine, fine,
20:25
Speaker 2: But like as a society, I feel like we deem
20:29
Speaker 2: some people allowed to be rich and other people not.
20:32
Speaker 2: And I'm finding that the defining factor between those two
20:34
Speaker 2: things is elitism. Yes, yes, true, it's okay if we
20:38
Speaker 2: say that they're self made. It's not okay when it's
20:40
Speaker 2: elon musk right, right, do you know what I mean?
20:42
Speaker 2: Like you're like, oh no, like the rich get richer.
20:45
Speaker 2: And there seems to be more negative connotations associated with
20:51
Speaker 2: one term or the other, Like why is it much
20:53
Speaker 2: more socially acceptable to be perceived as wealthy than to
20:58
Speaker 2: be perceived as rich? Like earlier in the episode, I
21:00
Speaker 2: said to you, if I laid everything out and showed
21:03
Speaker 2: you my entire financial like life, you would say that
21:06
Speaker 2: I'm wealthy. Why didn't I say that? You would say
21:09
Speaker 2: I'm rich? Right?
21:10
Speaker 4: True? Yeah, because I guess like rich has this idea
21:13
Speaker 4: that like they're on yachts and they're like flying, they're
21:17
Speaker 4: like absolutely destroying the earth with all of their like
21:21
Speaker 4: bits and bombs.
21:22
Speaker 2: Yeah, but then I don't know somebody doing something social
21:28
Speaker 2: and something for the environment if they got rich. You're like, yeah,
21:31
Speaker 2: pop off, that's so like David Attenbrough incredibly rich.
21:35
Speaker 4: Yes he should be as he should be.
21:37
Speaker 2: That's so true exactly, But you would call him wealthy,
21:40
Speaker 2: wouldn't you, elong Musk, Is he wealthy or rich?
21:43
Speaker 4: That's true, he's rich, right, Maybe it depends how much
21:46
Speaker 4: you're destroying the planet.
21:48
Speaker 2: Yeah yeah. But then there's just like layers of like
21:51
Speaker 2: honestly elitism and like true audacity and ego and you know,
21:58
Speaker 2: like I guess the question is how do the ways
22:00
Speaker 2: that we acquire wealth affect our perceptions? Like is it
22:04
Speaker 2: good when it's like a tech startup, right? Maybe not,
22:08
Speaker 2: But it seems to be good when it's a blue
22:10
Speaker 2: collar job, like when it's a trades person and they've
22:13
Speaker 2: worked hard and it's physical lay But like this idea
22:16
Speaker 2: that you know a guy who built a building company
22:19
Speaker 2: and got really wealthy. Yes, lay, is it okay for
22:23
Speaker 2: politicians to have a lot of money?
22:25
Speaker 4: God, it really depends, right, Yeah, I know what you mean.
22:29
Speaker 2: Right, And you go, oh, hold on, there is a
22:32
Speaker 2: divide between who's quote allowed to be rich in our
22:34
Speaker 2: mind versus not, And that's wild like trades people versus academics.
22:40
Speaker 2: Like you go, oh, well one worked really hard.
22:43
Speaker 4: Oh my god, that's so true. And it's like, well,
22:46
Speaker 4: using your brain to build an app, for example, isn't
22:50
Speaker 4: It would be extremely hard work. But you can't see
22:54
Speaker 4: like this physical kind of you know, callouses on your hand.
22:57
Speaker 3: Yeah.
22:57
Speaker 2: I was about to say, but you've got soft hands.
23:00
Speaker 4: Yeah, But like that's also equally that's that's very very hard.
23:03
Speaker 2: Yeah. And then like the overlay of like marriages and
23:06
Speaker 2: inheritances and family trust and like having trust fun kids.
23:10
Speaker 2: You go, oh no, yeah, but like that's not the reality.
23:13
Speaker 2: And please don't get me wrong. I have in my
23:16
Speaker 2: lifetime had the privilege of working with some ultimately wealthy people,
23:21
Speaker 2: Like literally I've had billionaires that I have worked with
23:24
Speaker 2: and helped manage their portfolios. Yeah, never on my own
23:27
Speaker 2: like not going to take that. But I have worked
23:30
Speaker 2: with people who are trust fun kids. Sure, and there
23:34
Speaker 2: is this I don't know, trust fund kid. Immediately you
23:37
Speaker 2: think richie rich. Yeah, you know that show that we're
23:40
Speaker 2: talking about before. Yeah, that's not true. Like the trust
23:45
Speaker 2: fund kids that I've experienced, some of them have been
23:47
Speaker 2: wildly out of touch, wildly and it makes me want
23:50
Speaker 2: to pull my hair out and scream at them at
23:52
Speaker 2: their family constitution meetings and just like absolutely not. But
23:56
Speaker 2: some of them have been some of the most kind
24:00
Speaker 2: people I've ever met. They've got the best emotional intelligence
24:03
Speaker 2: of some Like it's just it's wild because they go
24:06
Speaker 2: against every single stereotype. And then beck is it if
24:10
Speaker 2: I say crypto, yeah, you made your money there, you're rich?
24:15
Speaker 2: Are you wealthy?
24:15
Speaker 4: You're rich? Yeah that's true.
24:18
Speaker 2: What about like day trading a lot of winning, Yeah
24:20
Speaker 2: that's rich.
24:21
Speaker 4: That's rich.
24:22
Speaker 2: If you like made money gambling.
24:24
Speaker 4: Gambling, I would say rich too, Yeah. Yeah. Why I
24:28
Speaker 4: think it's I think it's must be this thing of
24:31
Speaker 4: like and it does go back to privilege, and I
24:35
Speaker 4: want to say, like privileges not like it doesn't mean
24:37
Speaker 4: you have not had a hard life. It means that
24:38
Speaker 4: there are aspects of your identity or aspects of your life,
24:41
Speaker 4: or aspects of whatever that have made it harder to
24:46
Speaker 4: get where you are or to get to where you
24:49
Speaker 4: want to go. And so I feel like it's this
24:51
Speaker 4: acknowledgment of of like, hey, I got here quote unquote
24:55
Speaker 4: the easy way, and I know it's not that easy
24:59
Speaker 4: for other people, and so like if you don't, if
25:02
Speaker 4: you're just a bit out of touch, then you are rich.
25:03
Speaker 4: I feel like you're like, oh, it's so easy, you
25:06
Speaker 4: just got an xoz and not acknowledging anything that other
25:10
Speaker 4: people have different experiences, different journeys. Yeah, I think is
25:13
Speaker 4: what rich is.
25:14
Speaker 2: And then it's like this question that I have does
25:18
Speaker 2: having more money mean that you should be spending more ethically?
25:21
Speaker 2: Like why am? You know? And like I know why,
25:24
Speaker 2: but like why do we hear about billionaires who aren't
25:27
Speaker 2: spending ethically? Like why is that pressure being put on us?
25:33
Speaker 2: And like why is that a narrative?
25:35
Speaker 4: Sure?
25:35
Speaker 2: And like are you allowed to steal shop at kmart
25:39
Speaker 2: if you're above a certain net wealth? Like waste the line? Yeah?
25:42
Speaker 2: I see God, this is really like I say that
25:45
Speaker 2: specifically because I remember last year, like before I was
25:49
Speaker 2: pregnant with Cami, I had a favorite pair of jeans
25:51
Speaker 2: and I still have them. I don't fit in them,
25:53
Speaker 2: no shade to those genes, but I did have a baby.
25:56
Speaker 2: It's still my favorite. I'm holding them close. I would
25:58
Speaker 2: like to fit back into them. They're fifteen dollars. They're
26:01
Speaker 2: the mum Jean from Kmart. Just got anybody flying around
26:04
Speaker 2: who might also want a really good pair of gees.
26:06
Speaker 2: They just cut perfectly and like, as everybody complimented me,
26:10
Speaker 2: including you, the bum looks great in them. Hell yeah,
26:13
Speaker 2: I love them. But I remember posting like a selfie
26:16
Speaker 2: on Instagram just on my stories. The amount of people
26:19
Speaker 2: that were replying and they're like, hey, where are your
26:21
Speaker 2: Jeanes from there? Phenomenal? And I was like, great, they're
26:23
Speaker 2: just Camart And people are like, oh wow, that's crazy,
26:26
Speaker 2: Victoria Devine shopping at Kmart.
26:28
Speaker 4: You're allowed.
26:29
Speaker 2: I didn't even think the bar was that low, Like,
26:33
Speaker 2: what do you mean I love a cam up bargain.
26:34
Speaker 2: Oh yeah, but I think that there was, you know,
26:37
Speaker 2: maybe for newer followers or people who haven't followed my
26:39
Speaker 2: whole journey, they were like, oh yeah, she's like got
26:41
Speaker 2: a bit of wealth, like she doesn't shop at Kmart.
26:45
Speaker 2: And then I remember one of the comments, and this
26:47
Speaker 2: is why I brought it up. They asked me where
26:50
Speaker 2: a jeans were from. I said they were from Kmart.
26:52
Speaker 2: She was like, that's incredible. I didn't think you'd shop
26:54
Speaker 2: at Kmart. I thought you would be more ethical than that. Oh,
26:58
Speaker 2: And I remember being like, oh, oh, oh, I see,
27:01
Speaker 2: like good point, because I could point I can afford
27:05
Speaker 2: a more expensive pair of jeans. But I don't know.
27:08
Speaker 2: I just really liked them, and I love a Kmart
27:10
Speaker 2: shopping trip. And I don't think if they'd asked any
27:13
Speaker 2: one of their girlfriends like that, maybe they saw on
27:17
Speaker 2: the same level as them. I don't think if they'd
27:19
Speaker 2: been like, oh, hey, Beck, for example, where Egene's from
27:22
Speaker 2: you said came out, they'd be like, oh, pop off, queen.
27:24
Speaker 2: But then I got the shade for having purchased something
27:28
Speaker 2: that could be deemed not as ethical.
27:30
Speaker 4: I see, I can see that. I can definitely see
27:32
Speaker 4: that that argument. I didn't. I really hadn't thought about that.
27:35
Speaker 4: But I guess if you were like, we're very shielded here,
27:39
Speaker 4: and it's it's like we do have the luxury of
27:43
Speaker 4: ignoring where our clothes come from, because the second the
27:47
Speaker 4: topic changes, we're back in our own reality. We're not
27:50
Speaker 4: in a sweatshop right now, seeing it. I think if
27:53
Speaker 4: we were, so, I think that it's like, yes, we
27:56
Speaker 4: all have a responsibility to educate ourselves on where things
27:59
Speaker 4: come from and things like that. But I think that
28:01
Speaker 4: it really is a tricky one. I can understand the
28:03
Speaker 4: argument for sure, like if you can afford to be
28:05
Speaker 4: more ethical.
28:07
Speaker 2: Yes, but then also, why do I have to? So,
28:12
Speaker 2: don't get me wrong, I get it, and I think
28:14
Speaker 2: it was something that I went, oh, that's a really
28:17
Speaker 2: good point. I didn't like it at the time, like
28:19
Speaker 2: I responded, oh, okay, thanks, like I didn't do anything
28:23
Speaker 2: about it. But I really stewed on that for a while,
28:26
Speaker 2: like I sure. I was like damn, Like she's right,
28:30
Speaker 2: Like I should be being more ethical, and like I'm
28:33
Speaker 2: I don't know. I'm the type of person that keeps
28:35
Speaker 2: something in my wardrobe for ten plus years and I
28:37
Speaker 2: keep wearing it totally. And there are some things from
28:39
Speaker 2: came out in my wardrobe still from ten years ago.
28:41
Speaker 2: You pry them from my cold dead hands. I love them. Yeah,
28:44
Speaker 2: but moving forward, I should be making more ethical decisions
28:48
Speaker 2: and I should be doing these things. But to me,
28:51
Speaker 2: that's then a wealthy mindset. That's not a rich mindset
28:54
Speaker 2: because rich people are frivolous and they don't care. Yes,
28:58
Speaker 2: and that's me then stereotpe, I think it.
29:00
Speaker 4: Again, right right right? Yes? Absolutely? But no does it?
29:03
Speaker 3: Yeah?
29:04
Speaker 4: Does that mean you're not allowed to go into two
29:05
Speaker 4: dollar shops? You know a lot of like to what ends?
29:08
Speaker 4: Do you know what I mean?
29:09
Speaker 2: Like and where's the line?
29:10
Speaker 3: Yeah?
29:10
Speaker 2: I think you know, there's this conversation of the ethics
29:15
Speaker 2: of buying luxury items, like then do I buy luxury items?
29:18
Speaker 2: And then people will be quite happy with that? But
29:22
Speaker 2: what if they're made in poor working conditions like you
29:25
Speaker 2: mentioned before, Like, oh well, what if it was made
29:27
Speaker 2: in a sweatshop? How do we know what our sourcing
29:32
Speaker 2: journey has been and what that looks like for sure?
29:36
Speaker 2: How do you know how do you benchmarkt what's the expectation? Like,
29:41
Speaker 2: I just I feel like there's a lot Yeah, absolutely,
29:44
Speaker 2: So do you think this perception of like rich versus wealthy?
29:50
Speaker 2: And like, to me, this is more of an episode
29:52
Speaker 2: that's kind of like a conversation start up. I think
29:56
Speaker 2: that we have a lot more work to do in
29:58
Speaker 2: this space of understand what these things mean. Because my
30:03
Speaker 2: money story is such that rich equals bad. And I'm
30:07
Speaker 2: not saying it's it's a bad thing now because I'm obviously,
30:09
Speaker 2: like quite reflective of it. I'm on a podcast talking
30:12
Speaker 2: about it. But I look at it and I think, Okay,
30:17
Speaker 2: but why do I feel that way? What is this
30:19
Speaker 2: like rich is bad? Like I don't I would be upset.
30:23
Speaker 2: I don't know. I don't want to be categorized as that.
30:25
Speaker 2: But then I also want to create wealth because I
30:27
Speaker 2: want to be able to, you know, show people that
30:30
Speaker 2: it's completely possible to be completely self made and to go, hey,
30:33
Speaker 2: I did this myself. Yeah, I got myself out of
30:35
Speaker 2: this forty thousand dollars debt hole and I put myself
30:38
Speaker 2: in a position where I am now worth millions money
30:42
Speaker 2: when but through that journey, you can too, and it
30:46
Speaker 2: might not look for the same. You don't have to
30:48
Speaker 2: do what I did, and I mean I took it
30:49
Speaker 2: to the nth degree. Right, I didn't just get out
30:51
Speaker 2: of forty thousand dollars worth of personal debt. I started
30:54
Speaker 2: businesses and did some crazy stuff as well. Right, But
30:57
Speaker 2: you can get out of debt, and then once you're
30:59
Speaker 2: out of debt, you can flourish and create wealth. And
31:04
Speaker 2: don't get me wrong, it might not happen as quickly
31:06
Speaker 2: as it did for me, but it's entirely possible using
31:08
Speaker 2: exactly the same tools and resources. And I want that
31:11
Speaker 2: for people. But for so long wealth has been gate kept,
31:14
Speaker 2: like we have terms of reference like, oh, that's only
31:18
Speaker 2: for the wealthy.
31:19
Speaker 4: Yeah, why, yeah, I see, I see.
31:22
Speaker 2: Why is this only for rich people?
31:24
Speaker 4: Yeah? I think it's really good to kind of like
31:26
Speaker 4: redefine because I think that rich yea does have a
31:28
Speaker 4: negative connotation, and yeah, just asking ourselves what, like why
31:33
Speaker 4: it's bad? I guess if you do have money, even
31:37
Speaker 4: though that's really everyone's goal, kind of in some way,
31:41
Speaker 4: you know, I think that like redefining what it means,
31:45
Speaker 4: because richness also could be you know, I was walking
31:49
Speaker 4: in the sun the other day. I had two coffees
31:51
Speaker 4: and I thought, Wow, isn't it gorgeous that I have
31:54
Speaker 4: to buy more than one coffee? And I thought, oh,
31:57
Speaker 4: my god, isn't it gorgeous that I'm going home and
32:00
Speaker 4: someone's going to be there and I'm stressed because I
32:02
Speaker 4: have too many activities or events on and it's like
32:05
Speaker 4: that's also there's a richness in having people that you
32:10
Speaker 4: love around you all the time. And so I think, yeah,
32:13
Speaker 4: it's a very interesting conversation that we've started here, and
32:16
Speaker 4: I feel like we're getting very not existential, but it's
32:20
Speaker 4: like it's.
32:20
Speaker 2: So important philosophase conversations as well. But yes, you know,
32:24
Speaker 2: I think we're working so hard to work towards something.
32:28
Speaker 2: And something that I say all the time, You've heard
32:30
Speaker 2: me say it a million times on and off the show,
32:32
Speaker 2: is that you if you can't be grateful for what
32:34
Speaker 2: you already have, there's in a way you're going to
32:35
Speaker 2: be grateful for what's to come. And I definitely live
32:40
Speaker 2: and breathe that because I think for so long, for me,
32:43
Speaker 2: when I was in that debt hole of forty thousand dollars,
32:48
Speaker 2: it felt like the Louis Vauton, It felt like I
32:51
Speaker 2: wanted all of the stuff and when I get rich,
32:53
Speaker 2: I'll have this and I'll be happy. And now I'm
32:57
Speaker 2: just in a part of life where I'm really not
33:01
Speaker 2: embracing I just realized that stuff doesn't matter. It doesn't
33:04
Speaker 2: make you happy, and if it does, you need to
33:07
Speaker 2: like I'm not saying it's a bad thing. Don't get
33:09
Speaker 2: me wrong. I'm still like I'm still vain, don't you worry.
33:12
Speaker 2: I still can't be like, well, it's fine. I love
33:15
Speaker 2: doing my hair, I do my nails, like I enjoy
33:18
Speaker 2: all of that stuff. But if you took it off
33:20
Speaker 2: me tomorrow, I'd be like okay, Like, because that's not
33:23
Speaker 2: what really matters. It's my friends, it's my family. It's
33:25
Speaker 2: like the fact that wealth now buys me time. It's
33:29
Speaker 2: the fact that wealth meant that, like, Holly Doolly be
33:33
Speaker 2: I got to have my husband at home for six
33:36
Speaker 2: months after having a baby both times.
33:40
Speaker 4: Yeah, that's awesome.
33:41
Speaker 2: Like we were able to fund him staying at home,
33:43
Speaker 2: meaning that our experience of parenthood is so much different
33:49
Speaker 2: to our friends in the community that are like, oh
33:51
Speaker 2: my god, my husband could only take off two weeks.
33:53
Speaker 2: And then we did this and we did that, and
33:55
Speaker 2: my paternity leave kicked in and I was chasing centlink
33:57
Speaker 2: and like, I know it's stress, and I know I'm privileged,
34:01
Speaker 2: but I want this for everybody. And it's just the
34:05
Speaker 2: way that my perception of wealth has gone from stuff
34:07
Speaker 2: to experiences. Yeah, Like I want everybody to have that,
34:12
Speaker 2: and it's not unachievable in the every day like you're saying.
34:17
Speaker 2: You know, you've spoken openly like I quit my job.
34:19
Speaker 2: It was a silly thing to do. Was really stressed
34:21
Speaker 2: about money. But also I had this coffee and I
34:25
Speaker 2: was walking in the sun, and I got to go
34:26
Speaker 2: home to a home with somebody in it who loved me.
34:29
Speaker 4: Yeah, oh my god, I know. Isn't it crazy. We're
34:33
Speaker 4: trying to buy our life back and like and have
34:36
Speaker 4: more time to be with our friends and family. But also,
34:39
Speaker 4: if you just quit your job and don't have any money,
34:41
Speaker 4: you could do exactly the same thing.
34:43
Speaker 2: We don't do that without serious thought, don't do that.
34:46
Speaker 2: Let's say we have the power to change things on
34:48
Speaker 2: a global level. Yeah, if we could redefine what it
34:52
Speaker 2: means to be wealthy, what would that look like for you?
34:54
Speaker 4: I think it would and this is what I think
34:59
Speaker 4: should be afford to everyone in the world. I think
35:02
Speaker 4: it would just be having your basic needs met. And
35:06
Speaker 4: those needs have changed because we don't really need well,
35:12
Speaker 4: we didn't really need electricity before electricity was invented. We
35:14
Speaker 4: didn't really need you know, all these things. So I'm
35:16
Speaker 4: like that has changed a little bit. But now I'm
35:18
Speaker 4: thinking if your bare basic needs that does include electricity,
35:24
Speaker 4: and it includes gas, let's say, for argument's sake. So
35:27
Speaker 4: I'm thinking just having those things that you need to
35:30
Speaker 4: like live your life, be able to cook food, be
35:33
Speaker 4: able to own a fridge, having those things met without
35:37
Speaker 4: having to work so so hard, because right now it
35:40
Speaker 4: just feels like we're working so much to get these
35:45
Speaker 4: things that without the stress of it, you know, So
35:49
Speaker 4: having your needs met, I think.
35:50
Speaker 2: Is wealthy exactly. And I feel like that's about creating
35:52
Speaker 2: some new like wealth indicators and what they look like,
35:56
Speaker 2: you know, not having quantitative stuff, but actually having qualitative exacts.
36:00
Speaker 2: So like it's the time, it's the energy, it's your mindset.
36:03
Speaker 2: It's not necessarily you know, the stuff and the things
36:06
Speaker 2: and the you know, he who has more wins like
36:09
Speaker 2: it just that gives me the ick, and I think
36:13
Speaker 2: that we should be really questioning how we can redefine
36:17
Speaker 2: what buying high end items actually looks like, Like what's
36:20
Speaker 2: your mindset around that. Don't get me wrong, I rocked
36:23
Speaker 2: on in here with a designer bag. I bought it
36:26
Speaker 2: fifteen years ago when I was really caught up on
36:30
Speaker 2: like status and I definitely wanted people to see my bag. Yeah,
36:34
Speaker 2: And now I'm like, well, it's a bag I have
36:35
Speaker 2: and I use it, and you know, I love it
36:37
Speaker 2: because I've had it for so long and it's like,
36:39
Speaker 2: you know, something that is mine totally. But can we
36:44
Speaker 2: adjust our mindset around these purchases so that instead of
36:47
Speaker 2: it being a I wanted to be seen with this bag,
36:50
Speaker 2: it was a this makes me feel really good about myself?
36:53
Speaker 2: Why did I purchase this? Did you purchase something because
36:56
Speaker 2: I had the big Gucci logo on it and you
36:58
Speaker 2: wanted to be seen wearing it? Did you purchase it
37:00
Speaker 2: because you knew that when you got home, you'd put
37:02
Speaker 2: it on and you just feel so good about yourself?
37:05
Speaker 4: Exactly exactly. I always like to think, like if I
37:08
Speaker 4: was the only person in this world and I was
37:11
Speaker 4: not being perceived by anyone ever, very lonely, but like,
37:14
Speaker 4: would this thing still bring me the same amount of joy?
37:17
Speaker 3: You know?
37:17
Speaker 4: Does that change your wanting for a designer bag? I
37:22
Speaker 4: don't even think they're that well, so they're quite nice,
37:25
Speaker 4: They're not my personal stroll, so I'm like, you know,
37:28
Speaker 4: I got without.
37:30
Speaker 2: And also like marketing, like how we are marketed too.
37:34
Speaker 2: Do we need to review or reject marketing and how
37:37
Speaker 2: it's basically shoved down our throat?
37:39
Speaker 4: Sure, Like why do you want stuff?
37:42
Speaker 2: Is it because you saw other people with stuff? If so,
37:44
Speaker 2: were those people perhaps influencers who were using that stuff
37:48
Speaker 2: in order to influence you into wanting that stuff?
37:50
Speaker 4: Exactly?
37:51
Speaker 2: It makes me so mad.
37:53
Speaker 4: I know, I know, And it's like, you know, money
37:56
Speaker 4: makes the world go around, So ask yourself, Like they
37:59
Speaker 4: don't like that, you know, I don't like that either.
38:01
Speaker 4: But if you are being if you've got a targeted ad,
38:05
Speaker 4: just ask yourself if it's really going to change your
38:08
Speaker 4: life or if it's there to eventually fill someone's pocket
38:12
Speaker 4: in some indirect wayah or direct way, who knows.
38:15
Speaker 2: But yeah, maybe that's where we put a pin in it, Beck,
38:18
Speaker 2: because I feel like this topic arguably deserves its own
38:21
Speaker 2: series as a whole, but I don't want to do
38:23
Speaker 2: it without opening the floor to the conversation for sure. First,
38:28
Speaker 2: Like I don't want to not talk to the community
38:31
Speaker 2: about this. And I feel like a podcast like this
38:33
Speaker 2: where we go, hey, this is what we're thinking, and
38:36
Speaker 2: you know, I'm feeling guilty about this, and Beck sees
38:38
Speaker 2: it this way, what like, what are your thoughts like?
38:41
Speaker 2: Drop them in the Spotify comments because we're reading them.
38:43
Speaker 2: There will also be a thread in the Facebook group
38:45
Speaker 2: this week about like what your thoughts are? Because I
38:48
Speaker 2: just think that the more my mindset shifts around money
38:53
Speaker 2: and wealth and being rich, the more I feel free,
38:57
Speaker 2: the more I feel like, oh yeah, deep, it's not
39:01
Speaker 2: that like it helps me not only create more for others,
39:05
Speaker 2: but I think it releases you a little bit in
39:09
Speaker 2: terms of feeling like you have to do things.
39:12
Speaker 4: Totally absolutely free yourself from the words from the labels
39:17
Speaker 4: like free yourself.
39:19
Speaker 2: Exactly and that feels a little bit hippy dippy, But
39:22
Speaker 2: it's exactly who we are, isn't it pack exactly?
39:26
Speaker 1: Well?
39:26
Speaker 2: My friends, thank you for joining us for what could
39:29
Speaker 2: be one of our most polarizing episodes. If you have
39:33
Speaker 2: any follow up questions or want to join the discussion,
39:36
Speaker 2: please join our Facebook group How She's on the Money.
39:39
Speaker 2: Community is very easy to find, and make sure that
39:42
Speaker 2: you're subscribed so that you never miss an episode. Will
39:45
Speaker 2: catch you later in the week for Friday drinks. Until then,
39:47
Speaker 2: my friends, take care of yourselves and of each other.
39:50
Speaker 4: Bye, guys.
39:55
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