Latest / The Curve / TCW32: How much do the FIFA Women's World Cup winners earn?

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TCW32: How much do the FIFA Women's World Cup winners earn? · The Curve

• 0:00
  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with all the money,
• 0:06
  business and stock market tea. Everyone should experience for us at least once in their lives
• 0:10
  and Annie shouldn't miss out just because she can't afford it. Help me, I'm cool.
• 0:15
  Oh dear, we've had a weekend. We've had a weekend. I feel like we need some like monster energy drink
• 0:22
  or a red bull or we both put those eye, you know those eye jelly patches under your eyes when
• 0:28
  you get bags and then meant to do the truck and they haven't really. I don't know. I don't know
• 0:32
  what I look like on camera but I definitely feel like mine haven't. Oh god. I wish I could
• 0:38
  wear them every day and then just slowly get younger and younger. I actually do wear them every day.
• 0:43
  I love putting them on and doing a meditation. Yeah. Because then I have to keep my eyes closed and
• 0:47
  keep them on. I love them. Can I put them in the fridge so they're like cooling? Nice. Yes. So good.
• 0:52
  Yeah. Big size. Oh gosh. Are you okay? I'm good. Yeah. No, I'm good. Yeah, you know,
• 1:06
  just the fun world of dating. I know. Up, down, sideways, right around the corner. Yeah, it's pretty.
• 1:15
  I don't even know the word. You know, it's funny because like last week when I shoot about my ghost
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  and I have a few people commented just being like, oh, it's so great to, you know, just feel like
• 1:26
  you're keeping up with your friends and your dating life. And we were like, we're probably going
• 1:29
  to have to share this week like tap in, you know, because I think actually we were having a laugh
• 1:35
  last week and it was actually funny. But it's not always that funny because sometimes it's just a
• 1:40
  bit shit and a bit brutal. Yeah. Sometimes you just have a big old cry and you're actually not feeling
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  great. Yeah. And that is the reality of being, you know, a 30 year old woman in the dating world.
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  Yeah. It's like a full time job. Yeah. Yeah. Yeah. But I guess the positive of this weekend is that
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  you know, there is so many wonderful, amazing people out there in the world. And the best thing
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  to someone is to get in with someone else. Not in that much of the sense. I feel like it might
• 2:12
  be worth if you feel comfortable. No. Well, you know, I mean, yeah, look, okay, long story short,
• 2:22
  dating. You had a bit of a complex situation where you were dating someone for a while. It was
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  quite intense because you were, you know, I think also when you start dating someone if you're about
• 2:34
  to move overseas, it always makes no sense. And you know, you kind of like put sort of like six months
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  of dating into two weeks, you know, like it just naturally happens. You want to speak as much
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  time as you're, because you're leaving. Yeah. And then when you leave, I think we always romanticise
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  the idea of keeping in touch with someone from different places. Yeah. And it's actually way
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  harder than you think. And then sometimes even though you haven't been talking to someone
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  and or seeing them heaps, it doesn't really matter. Like as soon as you call something and it's
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  like, okay, it's actually over now. It's such a weird thing where you almost sort of have closure,
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  right? Because you're not in the same place. You haven't had like a break up. Yeah. But you still
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  can't help but feel kind of shit about it. Yeah. And I guess books just like kind of go on through
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  the motion. And you know, when it just you have all kind of comes to a head and you're like, oh,
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  shit, I have to deal with this now. Yes. And you know, it's going to be better, but you just got
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  to live in the shit for a bit. Yeah. And it's always like when you sort of end something of someone,
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  you always know you're going to be fine. Yeah. And you date other people and you realize gosh,
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  there's so many cool people in the world, but you're in that feeling of like this. And I've been here
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  before. I got out of it. Yeah. Like met someone else. It's fine. You know, like it's kind of you,
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  you do get over it and you become stronger and more resilient and all of that. But yeah, it is
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  shit. It does suck. It's real shit when you feel like. Yeah. I mean, I just think in general,
• 3:57
  rejection is the stingiest emotion, human emotion. Yeah. And not that it's rejection, by the way.
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  Redirection. But I just mean like the idea of something not working out that you want to. Yeah.
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  It's such a, it's such a shitty feeling. And you just think of it like, yeah, just fast forward.
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  It's just like a waste of a waste of time, which is just kind of like, yeah, like I'm like, oh,
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  I could have, I could have saved myself six months. But you have fun. I think that's the thing that's
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  hard. Yeah. Yeah. And anyone's like, you learn from this one and you take it to the net, but it's like,
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  yes, but I feel like I've done a lot of learnings. Yeah. Yeah. Sometimes we're just like, I don't
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  wait enough now. Yeah. I'm keen to not keep not keep learning. Thank you. I don't want to learn
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  anymore. I know it all. I know it all. God. God. Anyway, I am proud of you. Thanks for sharing. I
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  think it's really hard to talk about when things aren't that great, but the whole point of this
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  podcast is we always share like the laughs. And I think it's also good to know, like the old me
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  would have probably wallowed in my sorrows all day and made myself feel ten times worse, whereas
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  the new me went on a date two hours later. Sorry, I hope either person is not listening. But I
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  was proud of you. I think honestly, there's a difference between moving on too quickly, which I
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  think and you're just trying to cover up and not feel anything. I don't think you're doing that.
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  Yeah. But I think it was a real, I was really proud of you because it's scary going on a date.
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  Yeah. Especially when you've even met before, especially when you're feeling a bit vulnerable.
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  Yeah. But to go and have a really fun time. It was so fun. Yeah. And remember there's so many
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  brilliant people in the world. Totally. Yeah. I was just like, I was so proud of you. We actually
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  we didn't crash your date. Yeah. It's so cool. Come here. And we were like, it's all sitting there.
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  I was like, oh, is this weird that I've now got my friends here. But I was like, oh, I mean,
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  it was like four hours and it was fine. It's still like me and my friend like, we rode past
• 5:55
  our line bikes and we were like, oh, this is not cool. Like we're not the cool friends that are
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  showing up. We like had to dismount around the corner because they're like, it's so bad.
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  Oh gosh. Yeah. Anyway, we just thought that you know, I would do a little life update.
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  Now we're going to talk about the markets. Yes. Well, I mean, there's been a lot going on.
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  Yeah. I've had a lot of dating life lately. Yeah. Yeah. So we should wrap up this call.
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  Yeah. Yeah. And get back to what the listeners want.
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  Yes. Well, I mean, yesterday was the FIFA World Cup, the female FIFA World Cup. And that was like
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  we were fighting here at the moment. It's been crazy how cool it is to hear how many women are
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  like, where are you watching the game? Yeah. Everyone has shown them. Yeah.
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  No, but I just mean like, I think traditionally a lot of us haven't taken too much,
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  like not notice, but just wouldn't have planned our weekend around seeing a game if we haven't
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  already been invested in watching it in the past. But now everyone was like, we're all watching it.
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  Yeah. Yeah. On the bandwagon, what's happening? Where are we going? Yeah, I guess congrats to Spain.
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  Yeah. Pretty amazing. It was amazing to watch. Yeah.
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  Was it? Yeah. I mean, I've got to be honest. So I was like, oh, so what happened in the game?
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  That's like, oh gosh. I didn't pay much attention. Yeah. And that's I was busy working
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  preparing for podcasts. Yeah. Yeah. Exactly. You see, divine conquer. Yeah.
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  I'll watch the TV. Thank you. And you did the print. But anyway, it got us thinking because
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  there has been so much hype and there was so much attention on the FIFA Women's World Cup.
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  This year, we thought we would do some, we have a discussion around men versus women
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  and the difference that they get paid in terms of the prize money, the difference, the teams get paid,
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  all of that. So we already know we're going to be getting so much. I know. I know. But when we spoke
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  about the difference between men and women's tickets for Wimbledon, we had like over 500 trolls.
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  It was crazy. Being like, and the reason that they get paid more is because there's more
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  dealership and all sorts of comments. I imagine we're probably going to get
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  our total in your life by this. I mean, what we thought would be really interesting is to hit
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  the streets. We bought a camera. One of those little, sorry, not camera, like TikTok
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  microphone. Yeah. We went to the streets and we asked people if they knew the difference between
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  the men's and the women's prize money for the FIFA World Cup. So the men's FIFA World Cup final
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  team, the winning ones, get paid 42 million. Do you have any idea or do you want to just take a
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  guess at what you think the female winning team gets? Well, I know it's going to be a lot, lot less.
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  Yeah, yeah. I love that you know how many people are in the team. It's going to say 18
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  million. 800K maybe? I think probably not. 45.
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  18,000. 25. I said 10. 21 million. Five million? Two million. A million?
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  There's four million. Four million. Four mil. I've snuck.
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  Gender pay up right there. I mean, I was pretty shocked when I found this out. So unsurprisingly,
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  a lot of people on the street were too. Yeah. I mean, I knew it would be less just because
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  we know it's going to be less. Yeah, yeah, yeah, yeah. Like it's like, you know, women's, a lot of
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  women's sport is they do get paid less than that. Well, so what was the prize money? What was the
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  title? So the men's World Cup prize money is $440 million. And so is that total that gets distributed
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  between like first, second, third, etc. Yep. And the winning team gets 42 million.
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  Okay. And that's kind of scaled to second, third. Yeah, yeah.
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  The women's, so sorry, what was the men's again? 440 million prize pool with 42 million
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  for the top winning team. Half. So like, no, 200 for the total. Oh, 150.
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  Lower. 100. 110 million for the women's. So they get so the prize money is a quarter.
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  A quarter. And then what does the winning team get? $4.3 million. Comparatively to 42.
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  42. Yeah. Wild. God. Like, it's like kind of saying that their quarter is good. Yeah. Which is
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  wild anyway. Oh, dear. So we'll just leave that there and I can comment their opinions.
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  I think that was going to like drop. We'll just move on. That's so the women get paid quarter of
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  the amount that men do in terms of prize money. FIFA. Listen up. All right, everybody.
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  What are you doing? Good enough. Yeah. Okay. Shit. Not great. Not great. You know what? I wonder
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  though, because what was the viewership this year? Surely it's gone up a shit load.
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  Because I think now that there's so many more people that have started to be infested in
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  sock. I reckon there's a lot of people listening. They're like, um, hello. I've always been
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  interested in. Yeah. Definitely aware that we could have paid attention sooner, by the way.
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  But now that we're invested, I feel like it's become as a real movement in the female sports
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  industries. Yes. So to see, I don't know, I think just even though England didn't win,
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  because obviously we're here. So everyone around us was really wanting the British
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  team to win. Even though they didn't, it does feel like a bit of a win
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  for female sport in general. Totally. Yeah. It's almost like there's this tidal wave coming.
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  And we're all starting to jump on it, which I love. All the likes snowball of like,
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  yeah, women being paid more or closer to the same amount as men. And all of us supporting it.
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  Because the audiences are growing. And that's kind of what drives prize money,
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  revenue, you know, marketing spend and all of that. So yeah, keep supporting female sports.
• 11:56
  Yeah. Watch this space in other news. So, uh, do you remember the movie, The Big Short?
• 12:03
  Not really. Who was in a Christian bail?
• 12:06
  Anyone else? What was it about? I mean, I love these people. I love Ryan Gosling, but I don't know
• 12:12
  Ryan Reynolds. Ryan Reynolds. Oh, yeah, yeah. Um, what was it about?
• 12:16
  So this was the movie about the global financial crisis and how everything unraveled
• 12:23
  and the stock market fell and 2008. It's really, it's a good, really good movie.
• 12:29
  Kind of like Wolf of Wall Street Esk. So there is a main character in that movie called Michael
• 12:35
  Barry, who was played by Christian Bell. And he's a real person. He's a real person.
• 12:40
  Well, it's a real life event. And so his character is played by Christian Bell. Yeah.
• 12:47
  Anyway, and he predicted the housing collapse in 2008. So the start of the global financial crisis,
• 12:53
  he predicted that. And so he made a ton of money. He made, I think it was like 700 million dollars.
• 13:01
  Because he pulled his money out of the right time. No, so sorry. So he was short the market,
• 13:05
  which means that you benefit this one. I know, no, no, no, let me, let me. Okay.
• 13:10
  It's when you, you benefit or you get a return when the stock market falls as essentially
• 13:17
  all you need to know. Yeah. So almost the opposite. Yeah. So rather than investing in a company,
• 13:21
  you think it's going to grow. You invest in companies that you think are going to fall. Yes. Yeah.
• 13:25
  And you benefit when the share price falls for the stock market falls. So he was like, I think
• 13:31
  it's going to fall. And he bought heaps of things. Basically, he was short a lot of things.
• 13:36
  Okay. Instead of long, which is what we call when you actually own,
• 13:40
  go on something anyway. So he was short the market, meaning he benefited when the market fell.
• 13:45
  And yeah, he made, I think it was 400, nearly, nearly 500 percent
• 13:51
  when the stock market was had fallen. And he has, his fund and his investments were up like 500.
• 13:58
  Anyway, he was, he was considered the like, oh my gosh, no one else saw this coming.
• 14:03
  You're so smart. You made so much money for yourself and your clients, you know, well done.
• 14:08
  It sounds a little bit like, you know, there were all those people that were talking about the
• 14:12
  world ending. I predict that, you know, they end of the calendar is near. But if you,
• 14:18
  if you said that kind of stuff and it all started to come true, people would start listening to you.
• 14:23
  So they're the Aladdin or something. Yeah. And that's exactly what he's done now. Oh,
• 14:27
  shit. What's he predicted? Yeah. So he's bet $1.6 billion that the stock market will crash by the end
• 14:33
  of 2023. Oh, no, because now that he's put that out there, everyone's going to believe him
• 14:39
  and take their money out. So it's going to fall anyway. So the stock market has been falling for the
• 14:43
  last kind of week or so. Yeah. Like it's down a bit. I mean, it has had a really good run this
• 14:49
  year. So it's kind of almost taking a breather. But shit, Vic. So he's bet 90 percent of his firm's
• 14:55
  portfolio on this. So this is a huge bet. So he's saying a huge risk. Admittedly, there has been
• 15:02
  times when he's done things like this and it hasn't worked out. But because he's quite famous,
• 15:06
  everyone is like, oh gosh, should I take my money out? Anyway, we don't, we're not entirely sure.
• 15:10
  Oh my god. Someone's saying us a DM about this today. Yeah. Someone was like, please, can you
• 15:14
  guys talk about this? And I didn't know what it was. I just forwarded it to Vic and I was like, I was
• 15:19
  like, yep, already already on it. Anyway, it's not entirely clear his reasoning because you don't
• 15:25
  have to let people know. It was just that it was publicly disclosed. But you don't have to publicly
• 15:30
  disclose the reason why you're buying or selling anything. So just the amount. So that's why everyone
• 15:34
  has been like, oh gosh. What does this, sorry, what does this make you feel as an investor who's
• 15:40
  worked in the industry for a long time? Have you seen anything like this happen? Do you like,
• 15:45
  just how does it, what does it goes through your brain when you see this? Nothing. You just think
• 15:49
  I'm not going to touch right now. I just think this is the nature of investing. Yeah, okay.
• 15:53
  If the stock market crashes, I'll invest more. But I'm not taking my money out in the prediction
• 16:00
  from this guy that might fall. You know, I'm just, I definitely that crossed my mind when you
• 16:06
  see that. I was like, oh shit, should we be taking our money out? But then what if he's wrong?
• 16:09
  And then the stock market continues to go up and up and up. Yeah. And you've just missed out on
• 16:13
  those gains. So that's kind of why it's, it's taken with a grain of salt, but it does, it is a bit
• 16:17
  of scare mongering. I think this is the thing for me is because I've had to, I keep having to
• 16:21
  withdraw money from my portfolio because I keep running out of money. And I haven't built my
• 16:26
  emergency fund up enough. Thank you to the money reset, but haven't quite like nailed everything
• 16:31
  that I needed to from it yet. What? So if I need to take money out from my investments. Yes.
• 16:38
  And it's crashing. And I have to take it out when it's worth less than what I've, like that's
• 16:42
  scary to me. Yeah, that's why you shouldn't take money out. I know. I know.
• 16:48
  You're within your mind, etc. I have heard that, Victoria. No, it's just that London's an expensive
• 16:54
  place and I'm definitely sliding backwards. Yeah. It doesn't really matter how much I budget. I'm
• 16:58
  not really able to. Yes. But this is why, this is why we say, you know, if you've got that investing
• 17:07
  goal, this shouldn't matter. If you're investing goals 10 years, you know, the stock market will
• 17:13
  probably go down then back up for you know, you know, I'm like I fully get that premise. But the
• 17:18
  problem for me is that because I've had to be taking money out quite regularly. Well, then your
• 17:22
  money shouldn't be in an investment. It's kind of because if you do need to, you're investing horizon
• 17:27
  or time frame is 30 days or yeah, if I run out of money. Yeah. Yeah. Or like two weeks or so
• 17:34
  maybe that's what I should do. Take a chunk out and put it in a savings account opposed to
• 17:38
  like any answer. Yeah. Because what I'm trying to do at the moment is build up my save it like my
• 17:43
  emergency fund, which is taking the either, whereas maybe what I'm better to do is take a chunk out
• 17:48
  like $5,000 or 10 or whatever. Yeah. Put that in a savings account as my emergency fund because I
• 17:53
  know if I need it urgently. I'm not pulling money out and it's worth less. Yes. And then leaving
• 17:57
  the rest of it in investments. Yes. I think that's actually I didn't know why I haven't even thought of
• 18:00
  all of that. Sorry. Sorry. Sorry. Just a ramble of my own. No. Just like, oh, I've sort of that.
• 18:06
  Yeah. Thanks everyone for listening. Sorry. Sorry. Sorry. Sorry. Sorry. No, you've run nose. What I'm
• 18:09
  going to do about you. Sorry. What's happening in the world? Yes. And then last thing from me is
• 18:14
  that global wealth fell by 2% last year, which means... So globally we're worth 2% less than we
• 18:24
  were. Yes. And this is the first drop since 2008 financial crisis, which we were just talking about
• 18:29
  before. So again, there's kind of time. But one fascinating stat is that 45% of the world's global
• 18:39
  wealth is owned by the top 1% of people. So one percent of people control 45% of the global wealth
• 18:48
  wild. That is kind of terrifying. So almost 50% of global wealth is controlled by 1% of the population.
• 18:58
  And the other 50% is divided by the 99% of other people. Yeah. Crazy. When you hear stuff like
• 19:05
  that, do you know what it makes me think? There is so many people who could be contributing massively
• 19:12
  to all the major environmental social issues that we're facing. Totally. It's actually individuals
• 19:20
  really. Yeah. I mean, yes, there's obviously the commercial element and companies, but also the
• 19:26
  Jeff Bezos of the world. You don't need an extra couple billion dollars. No. You've got everything
• 19:32
  else. Yeah. Like, don't be at pin 15 and give your money to... You know? So anyone that is below
• 19:40
  the age of 28 probably won't remove that pin 15. But we used to say instead of ping-pong that's
• 19:44
  back in the day. So good. And the number of millionaires fell by 3.5 million. So there is now 60 million,
• 19:55
  millionaires in the world. So that means people that have over a million dollars in net worth
• 20:02
  is 60 million of those people. So three times the size of Australia. But how would they know? Because
• 20:06
  you technically would be a millionaire because of your house. I mean, I end your assets, right? But
• 20:11
  have you lodged that? Like, how would they know? Yeah. Well, this is the thing. It'll be skewed.
• 20:19
  So most of them reside in the US and China. But I would have thought like Abu Dhabi or
• 20:25
  Middle East would have. But again, it's like countries that record it as well. You know, like,
• 20:31
  I can't imagine India would have a really good record system. But yeah, it's your net worth. So
• 20:39
  your assets, all of that. And it's hard. I mean, if people don't disclose that, then they're not
• 20:44
  going to know. So there's 60 million millionaires. Yeah. They doesn't sound like a lot to me.
• 20:49
  No, it doesn't. I mean, I know that three, do you say three times Australia? Yeah.
• 20:52
  Which is a shitload of people. But when you think about how many billions of people
• 20:56
  there are in the world, it's such a small percent. I wonder, I wonder, you know, the top one
• 21:02
  percent we were talking about, the top one percent of who have nearly 50% of the global wealth.
• 21:10
  I wonder how much those people have. Like, I wonder what their net worth are, because it would
• 21:16
  be 200 trillion. Just over 200 trillion. Each. No. Collectively. 200 trillion. But that's
• 21:25
  what I mean. I wonder, like, of that one percent, how much each of those people have, you know,
• 21:31
  like who's the most wealthy in the second world? Yeah, yeah. Yeah. But interesting, yeah, interesting
• 21:36
  stance. Yeah. There is a lot of wealthy people in the world, and a lot of not wealthy people,
• 21:41
  either. Yeah. Yeah. Yeah. Yeah. Oh, yeah. And that night, I'm going to have a cup of tea.
• 21:46
  Yeah. Have a cup of tea. And go to bed. Eat some chocolate.
• 21:50
  I give you a cuddle. Don't have a message.
• 21:53
  Message? Have some like, girls time. Yeah. Yeah. Yeah. Yeah. Okay. We love you.
• 21:58
  We're going to have a pillow fight. Yeah. Yeah. Yeah. Get no on days and the girls night.
• 22:02
  Oh, we have got a really great episode coming out on Wednesday. I know this sounds like
• 22:09
  kind of self-indulgent, but it's about my grandma's portfolio and how she basically
• 22:14
  started investing from the age of like 30 and created a million dollar portfolio. We go through
• 22:22
  like what she invested in. It's a really cool episode. So that's coming out on Wednesday for
• 22:25
  anyone else to a son. And if you have any questions about the curve classroom, we've got the
• 22:30
  foundations of investing coming out. Well, it's starting in September. So if you'd like. Yeah.
• 22:36
  If you'd like to join us or if you have any questions, please get in touch. Otherwise, we'll talk to you soon.
• 22:40
  See you. Bye. Thank you so much for listening to the curve weekly.
• 22:44
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  podcast. And we hope you have a good week and see you next Monday. Bye. Bye.
• 23:08
  So yeah, see you next Tuesday. Well, see you next Tuesday. I mean, Monday.