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Investing Diary: How This SOTM Team Member Built Her Portfolio (And Could Retire At 35) · She's On The Money

• 0:00
  Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations
• 0:03
  Speaker 1: woman and I'm here to acknowledge country t Glenn Young
• 0:07
  Speaker 1: Ganya Niana, Kaka yah Ya bin Ahaka Nian our gay
• 0:11
  Speaker 1: in Nimbina, yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Bumba
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  Speaker 1: ban Gadabomba in and now in wakah Ghana on yak
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  Speaker 1: rum Jar water Nadaa. Hello, beautiful friends, we gather on
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  Speaker 1: the lands of the Aboriginal people. We thank acknowledge and
• 0:27
  Speaker 1: respect the Abiginal people's land that we're gathering on today.
• 0:30
  Speaker 1: Take pleasure in all the land and respect all that
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  Speaker 1: you see. She's on the Money podcast acknowledges culture, country,
• 0:38
  Speaker 1: community and connections, bringing you the tools, knowledge and resources
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  Speaker 1: for you to thrive.
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  Speaker 2: She's on the Money. She's on the Money. Hello and
• 1:08
  Speaker 2: welcome to She's on the Money, the podcast that is
• 1:11
  Speaker 2: here to show you that investing isn't just for the rich,
• 1:14
  Speaker 2: It's for you too. I'm your host, Victoria Devine, and today,
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  Speaker 2: as you can probably hear, we are doing something a
• 1:20
  Speaker 2: little bit different. You our incredible. She's on the Money.
• 1:24
  Speaker 2: Community are always sliding into our dms asking to get
• 1:28
  Speaker 2: pervy on the money diries of the She's on the
• 1:30
  Speaker 2: money team, and today I finally have a volunteer. Yay,
• 1:36
  Speaker 2: volunteer attribute save you same, but instead of the usual
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  Speaker 2: money tea, We're going to dive into something even juicy.
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  Speaker 2: We are going to do an investing diary because our
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  Speaker 2: volunteer is not just I would say a very valued
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  Speaker 2: member of our social media and courses team. She calls
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  Speaker 2: herself the head of good course department.
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  Speaker 1: Yep.
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  Speaker 2: She also is a very experienced investor who's been building
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  Speaker 2: her portfolio for years and has a lot of wisdom.
• 2:02
  Speaker 2: Is that what we're going to call it? Over sold?
• 2:05
  Speaker 2: So I always over sold? But Brook Green, welcome to
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  Speaker 2: the show. Not the government name name, it's what was
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  Speaker 2: on zero when I looked you up to CHECKO was
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  Speaker 2: my name?
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  Speaker 1: Yeah?
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  Speaker 2: Yes, Brook Green, welcome to the shout. I'm very excited
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  Speaker 2: to have you here. You have been on the show before,
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  Speaker 2: so this season your first time. The last time you
• 2:26
  Speaker 2: were on our show was in New York. It was
• 2:29
  Speaker 2: indeed in New York. It was a sleepless, delirious time.
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  Speaker 2: I don't even remember what we were speaking about.
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  Speaker 3: I remember exactly like it was yesterday. We're talking about
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  Speaker 3: mcgriddle's things that were expensive in America and.
• 2:41
  Speaker 2: The met griddle is now in austray it's now an
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  Speaker 2: Australia and a pumpkin spice latte love laugh. So for
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  Speaker 2: those in our community who might not have met you
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  Speaker 2: through social media, can you tell us what do you
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  Speaker 2: do at she's on the money and like, why do
• 2:55
  Speaker 2: you do it at she's on the money?
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  Speaker 3: Oh well, one time I posted TikTok saying and got
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  Speaker 3: made redundant and you slid into my DMS and said
• 3:01
  Speaker 3: do you want a job?
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  Speaker 2: And I started working with was the opportunity of a lifetime,
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  Speaker 2: I know, and I've been here for a while now.
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  Speaker 3: It's some old furniture. I do some of the socials.
• 3:11
  Speaker 3: There's two people in the socials team and are you
• 3:13
  Speaker 3: in Georgia yet? Me and Georgia my work wife.
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  Speaker 2: Sorry to my partner, but he knows, he's quite aware,
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  Speaker 2: he's aware.
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  Speaker 3: But we do all of the content together. I do
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  Speaker 3: mainly the video stuff and some blogs and stuff, and
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  Speaker 3: then courses and all that jazz. Anytime you sign up
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  Speaker 3: for a course. The process I've made and unfortunately if
• 3:31
  Speaker 3: it goes wrong, it's probably my fault.
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  Speaker 2: And if you see like a diabolical meme or now
• 3:37
  Speaker 2: the intern. Yeah, usually if we're blaming the intern, it's me,
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  Speaker 2: it's usually Brook. So talk to me, actually, don't talk
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  Speaker 2: to me. Let me do a little bit of a disclaimer,
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  Speaker 2: because unfortunately this is not financial advice. We're not giving advice.
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  Speaker 2: As much as lots of us want to be more
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  Speaker 2: like Brook, you shouldn't be copying Brook. Well, past performance
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  Speaker 2: is not a reliable pretty through a future performance. And
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  Speaker 2: if we're going to talk about your investing journey, I
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  Speaker 2: don't want them going, oh my god, you bought what
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  Speaker 2: and when and where and then like because you can't
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  Speaker 2: buy it when I bought it, exactly unless you've got
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  Speaker 2: a time machine in which you like if you do,
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  Speaker 2: you no, but like, also, you just copy Brook, you'd
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  Speaker 2: be really rich. It probably won't be really rich because
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  Speaker 2: I'm not, guys, I'm trying to sell this to the community. Yes, yes,
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  Speaker 2: very much. I had to get a tribute on the show.
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  Speaker 2: I'm here. Okay, thank you. So let's get into the
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  Speaker 2: advice after we've done our disclaim of like not taking
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  Speaker 2: her advice. So Brooke you've been investing for I would
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  Speaker 2: say quite a while, Like, way before you join shees
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  Speaker 2: on the money, could you give me a little bit
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  Speaker 2: of background. How did you even get into investing and
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  Speaker 2: what were you doing at the time.
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  Speaker 3: So I was working in mining because I'm from Perth,
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  Speaker 3: so if you're a Perth girly, you probably understand that law.
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  Speaker 3: But I was working in mining as a receptionist and
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  Speaker 3: I was very excited because I'd say my first ten
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  Speaker 3: thousand dollars and I was talking.
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  Speaker 2: About it with my work colleagues.
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  Speaker 3: I was going to buy a house because in my head,
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  Speaker 3: ten thousand dollars was enough to get a house deposit. Wrong,
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  Speaker 3: still don't own a house. But one of the accountants
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  Speaker 3: was like, oh, well, you shouldn't buy a house. That's
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  Speaker 3: going to be a waste of your money because you're
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  Speaker 3: so young. Put the ten k in index funds and
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  Speaker 3: call it today. You'll be well better off. And I
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  Speaker 3: looked at him, like at Index water work. And then
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  Speaker 3: I went home and I googled Index ones still had
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  Speaker 3: no idea what any of it meant. And then I
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  Speaker 3: decided to fall down the rabbit hole of Reddit read
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  Speaker 3: everything there was to know about index ones and thought, oh,
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  Speaker 3: that's really cool, but I'm not doing that because that's
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  Speaker 3: really scary. And then I joined a million and one subreddits,
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  Speaker 3: including the financial Independence retire Early subreddit and realizing people
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  Speaker 3: were retiring at like forty because they were investing in
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  Speaker 3: ETFs and index ones. And I was like, well, be me,
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  Speaker 3: I too don't want to work until i'm sixty, so
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  Speaker 3: I shall do this. And then I bought my first
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  Speaker 3: ETF and it was the scariest moment in my life.
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  Speaker 2: And then it wasn't that scary. I feel like, once
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  Speaker 2: you rip the band aid off and you do it, oh,
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  Speaker 2: was that it? Yeah? Tell me you would you identify
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  Speaker 2: as a financial independent retires early guy? Do want to
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  Speaker 2: do that?
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  Speaker 1: Like?
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  Speaker 3: Technically I worked out if I continue investing the same
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  Speaker 3: way that I am now, technically I could.
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  Speaker 2: Retire at thirty five.
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  Speaker 3: And I know that that's probably not going to happen
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  Speaker 3: because I do like to spend money, but if I did,
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  Speaker 3: sticking with a plan, it would be possible, but it
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  Speaker 3: probably won't happen.
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  Speaker 2: But that's okay. And to give people a little bit
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  Speaker 2: of context, how old are you now?
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  Speaker 3: I'm twenty six. She's not thirty four. Actually when this
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  Speaker 3: episode comes out, I'll be twenty seven.
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  Speaker 2: Oh that's quite intimidating. I think that's really exciting, and
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  Speaker 2: I want people to know that it's entirely possible. I
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  Speaker 2: would say that you probably don't come across as a
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  Speaker 2: financially independent retire early kind of early, but that's because
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  Speaker 2: we lack nice things, yes, but also you do invest
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  Speaker 2: most of your income, yes, because I'm scared of being broke. Yeah,
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  Speaker 2: so talk to me about you went down a rabbit
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  Speaker 2: hole of jumping on Reddit getting into what they were
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  Speaker 2: getting into. But now what do you invest in personally?
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  Speaker 2: Can you walk us through, like what strategy you have?
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  Speaker 3: Yes, I have prepared it earlier because I think it's
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  Speaker 3: better to have the facts. I am a bit crazy
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  Speaker 3: when I come some money, so I obviously work here,
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  Speaker 3: but I also have a summit hustle as well doing
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  Speaker 3: social media, and so all of my social media money
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  Speaker 3: I put in either savings are investing, and then my
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  Speaker 3: actual work income. I still invest it. Anytime I've got
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  Speaker 3: to pay rise, I just add that to the investing.
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  Speaker 3: So I invest roughly six hundred fifty dollars a week,
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  Speaker 3: but I dollar cost average, so for me, it makes
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  Speaker 3: some most sense to actually invest every two weeks, so
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  Speaker 3: thirteen hundred dollars every fortnight, and it is all divided
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  Speaker 3: into a portfolio, which I it's reoccurring, and then it
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  Speaker 3: will rebalance automatically, and it just based on whatever the
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  Speaker 3: lowest share is that I need to get to the
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  Speaker 3: correct percentage. So at the moment, my investing split is, oh,
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  Speaker 3: I can't tell you the exact numbers. I can't do maths,
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  Speaker 3: but it's probably fifty percent of my portfolio would be VDHG,
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  Speaker 3: then VTS, VEU, vas ACDC, QUOAL ROBOO, and Berkshire Hathaway
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  Speaker 3: b Okay.
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  Speaker 2: So let's talk about that a bit more because a
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  Speaker 2: lot of like I got that, and a few giralies
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  Speaker 2: in our community would have been like slay, great, hold on,
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  Speaker 2: let's just wa to these random lessons. Can we go
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  Speaker 2: back and write all of those down? I hurt a
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  Speaker 2: lot of ease. Yes, So let's start there. I love
• 8:15
  Speaker 2: a anger, You love a banger. I do love a anger.
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  Speaker 2: Talk to me, why was that kind of like the
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  Speaker 2: first place you invested? Because I feel like for our community,
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  Speaker 2: obviously we're talking oh platform and they go, oh, great,
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  Speaker 2: like maybe Chasy's, maybe Pella maybe whatever. Yeah, and then
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  Speaker 2: the next conversation is with what am I buying? Yah,
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  Speaker 2: I would say, especially I know the most popular ETF
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  Speaker 2: in Australia is Vanguard ETF. Yep. Is that just why
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  Speaker 2: you went with it? Talk me through?
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  Speaker 1: No.
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  Speaker 3: So a lot of the financial independence retire early movement
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  Speaker 3: is all about finding like one or two ETF it
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  Speaker 3: really makes sense for your portfolio, and then just.
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  Speaker 2: Going hell to leather at that.
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  Speaker 3: So the first one that stuck out to me that
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  Speaker 3: made the most sense to me after all my research
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  Speaker 3: was VDHG. So that was the first ETF that I bought.
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  Speaker 3: I put like five k in to that, and then
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  Speaker 3: it's he grew over time and I was like, okay,
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  Speaker 3: well that makes sense, let's continue doing that. And before
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  Speaker 3: I had more information, I just maintained that strategy because
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  Speaker 3: it is really diversified. And then as I got a
• 9:09
  Speaker 3: bit more experience and read nine investing books in two
• 9:12
  Speaker 3: weeks one time long story, short Investing master Class, Don't
• 9:15
  Speaker 3: ask questions, I.
• 9:16
  Speaker 2: Then like the Investing master Class was our crowdsource. The
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  Speaker 2: money Community Team was two weeks of my life. But
• 9:24
  Speaker 2: I'm so sorry I made you do that. It was fine.
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  Speaker 2: I was like, fact check me. Yeah, it was a lot.
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  Speaker 3: And then I was like, okay, well, I kind of
• 9:32
  Speaker 3: want to change my strategy a little bit to make
• 9:33
  Speaker 3: sure the risk was weighted. But a lot of my
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  Speaker 3: ETFs a banger because I like the structure. I also
• 9:39
  Speaker 3: like that it's a massive company and I don't have
• 9:41
  Speaker 3: risk of it shutting down tomorrow because everyone invests with them.
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  Speaker 2: So like it makes sense. So that's kind of suck
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  Speaker 2: it safe. Yeah, and Brooke has been using I would say,
• 9:50
  Speaker 2: the acronyms, but those are called ticker codes. So if
• 9:53
  Speaker 2: you want to know more, because I'm not going to
• 9:55
  Speaker 2: sit here and go, oh, tell me about this et
• 9:58
  Speaker 2: that right high growth fund exactly, But if you want
• 10:01
  Speaker 2: to google them and learn a lot more about that ETF,
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  Speaker 2: you can do that and then pick one that aligns
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  Speaker 2: to your strategy and your values, because you might look
• 10:09
  Speaker 2: at it and go, oh, I don't want to hold
• 10:10
  Speaker 2: those things, or I really like that that makes sense.
• 10:12
  Speaker 2: Brooks a genius, So you to make your own decisions.
• 10:16
  Speaker 2: Talk to me about direct shares. You said a few
• 10:19
  Speaker 2: at the end, yep, why when where? How like you've
• 10:23
  Speaker 2: gone from being in the fire community, which generally want
• 10:27
  Speaker 2: to invest in ets and they don't believe in direct investing.
• 10:32
  Speaker 2: You're doing that talk, Yeah, So I like to.
• 10:33
  Speaker 3: Dabble because I'm bored, and I give myself five percent
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  Speaker 3: of my portfolio to have fun with it. But they're
• 10:41
  Speaker 3: mostly not, like all my auto invest is with like Perla,
• 10:45
  Speaker 3: and then I most of my direct shares are American,
• 10:48
  Speaker 3: and that's because I find American culture really interesting. So
• 10:51
  Speaker 3: I have Berkshire Hathway B, which is technically a direct share,
• 10:54
  Speaker 3: but it is also like an ETF, which is Orren
• 10:57
  Speaker 3: Buffett's company, and we did a whole episode on here, Yeah,
• 11:00
  Speaker 3: we did girl Boss. And then a lot of my
• 11:03
  Speaker 3: other direct shares like Tesla, Apple, Google, which is Alphabet
• 11:06
  Speaker 3: and all those kind of companies. I doabble with those
• 11:10
  Speaker 3: because I only pretty much invest in companies that I
• 11:12
  Speaker 3: believe are going to exist in twenty years time. I
• 11:15
  Speaker 3: invest a lot in the tech sector because I think
• 11:18
  Speaker 3: like way Mo and things like that are just going
• 11:20
  Speaker 3: to boom. So in my head, if I'm investing in
• 11:23
  Speaker 3: those directares, they're probably going to outperform on my ETFs,
• 11:25
  Speaker 3: but it's still high risk for me. So I try
• 11:28
  Speaker 3: to keep it just below five percent, and that's just
• 11:30
  Speaker 3: like my little fun.
• 11:32
  Speaker 2: I literally do the same thing because like as somebody
• 11:35
  Speaker 2: and you guys don't have to do this obviously, again
• 11:37
  Speaker 2: not advice, but you and I are both very interested
• 11:41
  Speaker 2: in investing in general, so I still want to have
• 11:44
  Speaker 2: fun with it. Yeah, And like, if I go way back,
• 11:47
  Speaker 2: all of my portfolio used to be direct shares and
• 11:50
  Speaker 2: now it is not. But now it is. Well, when
• 11:53
  Speaker 2: I was a financial advisor, I picked portfolios for people
• 11:58
  Speaker 2: of eight to twelve directs shares, and like, obviously I
• 12:01
  Speaker 2: was in that forty plus hours a week, always looking
• 12:05
  Speaker 2: at it for clients, so it kind of made sense.
• 12:06
  Speaker 2: I just took the advice that I was literally giving
• 12:09
  Speaker 2: clients and applied it to myself. Once I left the industry, though,
• 12:13
  Speaker 2: I was like, I one can't keep up. Also, I'm
• 12:16
  Speaker 2: not that interested in keeping up with transurban It's not
• 12:20
  Speaker 2: that fun. I don't care that much, And so moved
• 12:24
  Speaker 2: all of my I would say assets, sold them down
• 12:27
  Speaker 2: as time went on, and moved them into ETFs. And
• 12:31
  Speaker 2: now I just have a little bit of fun on
• 12:33
  Speaker 2: the side, got fun money. Yeah, but I want to
• 12:35
  Speaker 2: pick things that I and I've said before they don't
• 12:39
  Speaker 2: always work out. You've heard my comments your fun money
• 12:41
  Speaker 2: choice right now, I keep doubling down on Paradigm. So
• 12:46
  Speaker 2: Paradigm Biopharmaceuticals, again not advice, but PAARASX is what it is,
• 12:53
  Speaker 2: and I have put a fair bit of money into that.
• 12:56
  Speaker 2: They do a lot of medical research. I read the
• 12:58
  Speaker 2: annual reports all the time, and they are doing a
• 13:01
  Speaker 2: lot of research into osteoarthritis, which doesn't have that sounds
• 13:05
  Speaker 2: so fun for me. It is, but they do a
• 13:09
  Speaker 2: lot of research into this space and they have found
• 13:12
  Speaker 2: or they have a drug that and I'm not even
• 13:14
  Speaker 2: trying to sell it. I'm just trying to tell you
• 13:16
  Speaker 2: why I'm interested. They have a drug that has been
• 13:18
  Speaker 2: trialed in other areas so we know that it's safe
• 13:21
  Speaker 2: for human consumption, and it has started having an impact
• 13:25
  Speaker 2: on osteoarthritis. And the CEO actually has osteoarthritis and his
• 13:30
  Speaker 2: boots and all. In anyway, I've been investing in this
• 13:33
  Speaker 2: for way too long and it still hasn't paid offer.
• 13:36
  Speaker 2: But I keep putting my money is fun. Yeah, And
• 13:39
  Speaker 2: then my husband's always like, so how are those Paradigm
• 13:42
  Speaker 2: shares going? And I'm like, not good, we shall retire.
• 13:45
  Speaker 2: Let's not talk about this because if you look at it,
• 13:49
  Speaker 2: very bad. And that's why we invest in each That's
• 13:52
  Speaker 2: why it's five percent of our portfolio, because I'm still
• 13:55
  Speaker 2: genuinely interested in this, but I can't put my life
• 13:58
  Speaker 2: savings in there and hope that that's it does well
• 14:01
  Speaker 2: for me to be able to retire. Just it's a
• 14:04
  Speaker 2: bad time. Let's talk about what shares and ETFs you've
• 14:08
  Speaker 2: seen the greatest return on, because like, it is not
• 14:12
  Speaker 2: an option.
• 14:13
  Speaker 3: Basically, I back in COVID times, I invested in a
• 14:16
  Speaker 3: company called RSE which well that's the Tiger code, which
• 14:19
  Speaker 3: was Reese Pharmaceuticals, and they were doing a lot of
• 14:22
  Speaker 3: the COVID testing but that was like prior to them
• 14:24
  Speaker 3: doing that. So the stock went up shitloads. Couldn't tell
• 14:27
  Speaker 3: you the exact amount because I've sold it now, but
• 14:29
  Speaker 3: that was really good for me. But my best performing
• 14:31
  Speaker 3: ETF at the moment is quoal It's up thirty percent
• 14:35
  Speaker 3: thirty point nine nine percent. Oh no, I've lied to you.
• 14:38
  Speaker 3: I've actually lied to you. That was Now it's my
• 14:41
  Speaker 3: Crypto Thematic ETF, which is up thirty eight point three
• 14:44
  Speaker 3: five percent.
• 14:45
  Speaker 2: Yeah, so not bad. Tell me. I want to talk
• 14:48
  Speaker 2: more about that direct share that you purchased and then sold. Ye.
• 14:51
  Speaker 2: At what point did you feel like, oh, I'm going
• 14:53
  Speaker 2: to sell this because so many people see the money
• 14:55
  Speaker 2: and go, oh my god, it's going to keep going up.
• 14:57
  Speaker 3: Like, how do you make the decision to sell just
• 15:00
  Speaker 3: knowing that? Okay, Well, the whole point of this share
• 15:04
  Speaker 3: going up is because of COVID testing. COVID testing is
• 15:06
  Speaker 3: not going to exist forever. All that jazz it was
• 15:08
  Speaker 3: actually for COVID like vaccinations, yeah, part, And I thought, well,
• 15:12
  Speaker 3: I would rather have this money somewhere that I think
• 15:14
  Speaker 3: is a little bit lower risk.
• 15:15
  Speaker 2: And it's gone up. I've more than doubled my money.
• 15:17
  Speaker 3: Let's just take it out and let's put it in
• 15:19
  Speaker 3: something that I think is a little bit more beneficial
• 15:21
  Speaker 3: long term.
• 15:22
  Speaker 2: So I just sold it and then put it in BDHD.
• 15:24
  Speaker 1: Yeah.
• 15:25
  Speaker 2: That's literally how I work, and it sounds really boring,
• 15:28
  Speaker 2: but sometimes I get a little bit scared when I
• 15:30
  Speaker 2: see too much profit, Like I might see you know,
• 15:32
  Speaker 2: your crypto ETF. I'm assuming you're probably looking at that
• 15:35
  Speaker 2: and going, oh, like, at what point do you take
• 15:37
  Speaker 2: some cash off the table and swap it you're going
• 15:39
  Speaker 2: to keep it.
• 15:40
  Speaker 3: I think with thematic ETFs, I kind of only invest
• 15:43
  Speaker 3: like I also consider them part of the fun money
• 15:46
  Speaker 3: portfak al right, I was like, oh yes, this No,
• 15:48
  Speaker 3: the thematic ETFs I have are like in those sectors
• 15:51
  Speaker 3: that I think are interesting, so like tech, robotics, computing.
• 15:54
  Speaker 3: I also have some like esports, gaming ones as well,
• 15:57
  Speaker 3: which are random, but I that is so not what
• 16:00
  Speaker 3: you would I love a man in it, and I
• 16:03
  Speaker 3: just think that in the long term they're going to
• 16:05
  Speaker 3: perform pretty well, and they all have for me so far,
• 16:07
  Speaker 3: but I still keep them as like a low waiting
• 16:09
  Speaker 3: Like they're all under ten percent of my portfolio, so
• 16:12
  Speaker 3: I kind of don't really worry if they're going gangbuster.
• 16:14
  Speaker 2: I'm not going to rebalance them. I just think they'll
• 16:16
  Speaker 2: be fine. They'll live their life. Yeah, live, love, laugh.
• 16:18
  Speaker 2: That's my investing strategy sometimes. So dividends we invest to
• 16:23
  Speaker 2: get a return. We don't invest just because it sounds
• 16:26
  Speaker 2: fun and you like sport. We invest because we literally
• 16:30
  Speaker 2: want to make money. What kind of returns are you
• 16:32
  Speaker 2: seeing when it comes to dividends, not just like increase
• 16:35
  Speaker 2: in value of shares, and how do you decide to
• 16:38
  Speaker 2: reinvest your income if you do or do you ever
• 16:40
  Speaker 2: take income out of.
• 16:42
  Speaker 3: Your share portfolio. It depends on the month. But most
• 16:45
  Speaker 3: of the time, when I receive dividends, I just reinvest
• 16:47
  Speaker 3: them straight away. Usually I'll reinvest it back into the ETFs.
• 16:50
  Speaker 3: But if I'm like, Okay, well I want to buy
• 16:51
  Speaker 3: some again America, I do on a different platform, So
• 16:53
  Speaker 3: I'll take the dividends and then invest them elsewhere. Every
• 16:56
  Speaker 3: now and then I'll get like a seven hundred dollars
• 16:58
  Speaker 3: dividend and go, oh, it would be really fun to
• 17:00
  Speaker 3: get a dice in air rap. But that's rare. Like
• 17:03
  Speaker 3: I would say, ninety percent of the time, I would
• 17:05
  Speaker 3: reinvest it ten percent of the time.
• 17:07
  Speaker 2: I'm just a girl and I would like to go
• 17:09
  Speaker 2: buy something. Yeah. Look, I resonate with that, and I
• 17:11
  Speaker 2: feel like that is absolutely fair. So does that mean
• 17:14
  Speaker 2: that you do not have a dividend reinvestment plan on?
• 17:18
  Speaker 2: You do it manually. I do it manually. Yeah, I'm
• 17:20
  Speaker 2: not surprised. So let's take a quick break, because I
• 17:25
  Speaker 2: feel like we have dove into a lot very quickly,
• 17:29
  Speaker 2: and then we're going to get into what I would
• 17:31
  Speaker 2: say is some of the spicier stuff Brooks tactical moves,
• 17:35
  Speaker 2: how she handles market dips, and something we get questions
• 17:38
  Speaker 2: about all the time. That's debt recycling. So guys stay tuned.
• 17:47
  Speaker 2: All right, welcome back, brook. I feel like this has
• 17:51
  Speaker 2: probably overwhelmed a lot of people. Can we do a
• 17:55
  Speaker 2: very quick recap. You're an investor. You're an aggressive investor
• 18:00
  Speaker 2: investing six hundred and fifty dollars each and every single week,
• 18:03
  Speaker 2: or thirteen hundred dollars every single fortnite because your dollar
• 18:06
  Speaker 2: cost average into the market, and you've worked out that
• 18:10
  Speaker 2: that works better for you when it comes to paying
• 18:12
  Speaker 2: for brokerage. How did you work that out a calculator? Yes,
• 18:16
  Speaker 2: But did you go, oh, well, I would be comfortable
• 18:20
  Speaker 2: with those brokerages fees or did you decide, oh, that's
• 18:23
  Speaker 2: what the internet recommends is appropriate for brokerage, or where
• 18:28
  Speaker 2: did you get the info?
• 18:28
  Speaker 3: There's heaps of dollar cost averaging calculators out there, But
• 18:31
  Speaker 3: my brokerage is typically a nine dollars fifty, so I
• 18:34
  Speaker 3: think in thirteen hundred dollars it's pretty negligent.
• 18:36
  Speaker 2: I try to keep it below like one percent.
• 18:39
  Speaker 3: I realistically would love to invest every week, But if
• 18:41
  Speaker 3: I'm not investing one thousand dollars at one time, I
• 18:43
  Speaker 3: think it's a bit silly. So that's why I like
• 18:46
  Speaker 3: to it every fortnite, because thirteen hundred dollars is like
• 18:48
  Speaker 3: a little sweet buffer. But then if I'm like paid
• 18:51
  Speaker 3: a bit more some months, it might be a bit
• 18:52
  Speaker 3: more than thirteen hundred dollars a fortnite, but like that's
• 18:55
  Speaker 3: like the minimum that I would invest.
• 18:56
  Speaker 2: Yeah, and when you started investing, I mean that you
• 19:00
  Speaker 2: weren't investing thirteen hundred dollars because you had different incomes.
• 19:05
  Speaker 2: I feel like for some people that is wildly unrelatable.
• 19:08
  Speaker 2: And that is fine because you've worked up to that.
• 19:10
  Speaker 2: But when you started investing, you had your first ten
• 19:13
  Speaker 2: grand yeap. How much were you investing consistently after your
• 19:16
  Speaker 2: initial investment?
• 19:17
  Speaker 1: Not a lot.
• 19:18
  Speaker 3: Like when I first start investing, I did that ten grand,
• 19:20
  Speaker 3: I could did the first five k, and then I
• 19:23
  Speaker 3: did two and a half thousand into RC, and then
• 19:25
  Speaker 3: I did two and a half thousand into somebody else.
• 19:26
  Speaker 3: I actually can't remember what it is because I'm it
• 19:29
  Speaker 3: was years and years and years ago.
• 19:31
  Speaker 2: I ended up selling that. I think it could have
• 19:32
  Speaker 2: been like an all market share.
• 19:34
  Speaker 3: And then after that I would just save up all
• 19:36
  Speaker 3: my savings for a house deposit and then go, okay,
• 19:39
  Speaker 3: well I'll take a little bit of that and I'll
• 19:40
  Speaker 3: put it in. There was no like consistency. It didn't
• 19:43
  Speaker 3: really start being consistent until I had a second income
• 19:45
  Speaker 3: and I was like, okay, well, all of this second
• 19:47
  Speaker 3: income is free money because I'm not usually getting it.
• 19:51
  Speaker 3: I'm going to invest all of the second income. And
• 19:53
  Speaker 3: then from then on I just decided, okay, well this
• 19:55
  Speaker 3: is the amount that I can justify investing, regardless of
• 19:58
  Speaker 3: having a second income or not.
• 20:00
  Speaker 2: I'm just going to invest that. So yeah, and you've
• 20:03
  Speaker 2: worked out what works for you. And I think that
• 20:05
  Speaker 2: a lot of people will be surprised that you have
• 20:07
  Speaker 2: a second income because they'll go, wait, what where do
• 20:10
  Speaker 2: you find the time? And I think it's I think
• 20:12
  Speaker 2: it's up to personal values, right, like I M say,
• 20:15
  Speaker 2: thinkme doesn't take long? Yes, But also I think that
• 20:19
  Speaker 2: a lot of people might assume that you're spending forty
• 20:21
  Speaker 2: hours a week on that income as well. But that
• 20:24
  Speaker 2: ebbs and flows and thankfully connects in or not connects in.
• 20:28
  Speaker 2: It's it's adjacent to what you do it cheese on
• 20:30
  Speaker 2: the money. So if you're like, oh, v I need
• 20:31
  Speaker 2: to go work this day doing something else, like you
• 20:34
  Speaker 2: just do, it's not make it work. Yeah, we just
• 20:36
  Speaker 2: make it work. It doesn't actually matter. So something that
• 20:40
  Speaker 2: I know you and your boyfriend talk about a lot
• 20:44
  Speaker 2: is debt recycling, and I would You're not a homeowner,
• 20:47
  Speaker 2: but you're a homeowner adjacent I know a homeowner someone else. Yeah, yeah,
• 20:52
  Speaker 2: I pay rent now now now I pay rent. It's
• 20:56
  Speaker 2: very it's very costly, but I do pay rent. No
• 20:58
  Speaker 2: debt recycling. Are we doing to do it? I would?
• 21:01
  Speaker 2: I personally wouldn't do it.
• 21:03
  Speaker 3: I think if you're going to debt recycle, you should
• 21:04
  Speaker 3: go to a financial advisor because I think there's so
• 21:07
  Speaker 3: much risk in it. And it's like, okay, well let's
• 21:09
  Speaker 3: just have someone that this is their job.
• 21:11
  Speaker 2: They can do it.
• 21:11
  Speaker 3: Sure, you could do it yourself. I think it's not
• 21:14
  Speaker 3: worth the risk. Personally, I wouldn't debt recycle because I
• 21:19
  Speaker 3: like the idea of fully like the equity on the house,
• 21:21
  Speaker 3: getting paid itself down, all that jazz. I just think
• 21:24
  Speaker 3: it's not my style of investing. I'm not a homeowner,
• 21:26
  Speaker 3: so maybe my opinion would change on my own home,
• 21:28
  Speaker 3: but it's not looking like it's going to happen anytime
• 21:30
  Speaker 3: soon for me. I like the idea of having my
• 21:34
  Speaker 3: index finds my ets, everything happening in one section, and
• 21:38
  Speaker 3: the home owning and that jazz is a separate realm.
• 21:40
  Speaker 3: So if I was ever going to look down that path,
• 21:43
  Speaker 3: it would be when I have a financial advisor, like,
• 21:45
  Speaker 3: I'm not going to be doing that on my own.
• 21:47
  Speaker 2: Yeah, And I feel like a lot of people be like,
• 21:50
  Speaker 2: what the heck is debt recycling quick recap? Debt recycling
• 21:53
  Speaker 2: is basically where you take some debt out of your mortgage.
• 21:56
  Speaker 2: So you might go, Okay, cool, I've worked out that
• 21:59
  Speaker 2: I have some EQUID in my property. Let's say it's
• 22:01
  Speaker 2: one hundred thousand dollars, and you take that one hundred
• 22:04
  Speaker 2: thousand dollars, you go to the bank and say can
• 22:05
  Speaker 2: I please release that, and then you give that to
• 22:07
  Speaker 2: your financial advisor to invest and essentially you're investing on debt.
• 22:13
  Speaker 2: And the way that a lot of people, I want
• 22:15
  Speaker 2: to say, justify it or make it make sense in
• 22:18
  Speaker 2: their heads is, for a very long time, money from
• 22:22
  Speaker 2: the bank was really cheap, so it was very very
• 22:26
  Speaker 2: popular pre COVID. At the start of COVID, before we
• 22:29
  Speaker 2: started having interest rates increase, when you could get to
• 22:33
  Speaker 2: three percent as a home loan, and then the average
• 22:35
  Speaker 2: rate of return on the share market is more than
• 22:38
  Speaker 2: ten percent. So for a lot of people, they'd go
• 22:40
  Speaker 2: well right, pocket left pocket, ah, free money exactly, So
• 22:44
  Speaker 2: that would make sense. Now it's not as popular because
• 22:48
  Speaker 2: interest rates have skyrocketed. People can't afford to be able
• 22:51
  Speaker 2: to do that. More risky, but that's exactly why it's
• 22:54
  Speaker 2: so risky is the market's flow over time. And from
• 22:58
  Speaker 2: my perspective as a financial advisor, I had clients who
• 23:02
  Speaker 2: did it, but it was more often than not debt
• 23:06
  Speaker 2: recycling because they actually had enough cash flow to be
• 23:09
  Speaker 2: able to pull out a whole heap of equity or
• 23:11
  Speaker 2: a really large lump sum to kick start their investing portfolio,
• 23:15
  Speaker 2: because maybe they had a couple of hundred thousand dollars
• 23:19
  Speaker 2: in equity, but they also had the cash flow to
• 23:23
  Speaker 2: increase how much their mortgage repayments were, and at that
• 23:26
  Speaker 2: point you'd be like, okay, cool, like slay. If you
• 23:28
  Speaker 2: invested two hundred grand today, you're obviously in a better
• 23:31
  Speaker 2: position than if you just started investing one thousand dollars
• 23:33
  Speaker 2: every week. So we would do that, but it was
• 23:37
  Speaker 2: so niche like the people that it actually worked out for,
• 23:41
  Speaker 2: and you know, you could say, oh, well, what happens
• 23:43
  Speaker 2: if you need to pay off an extra hundred grand,
• 23:45
  Speaker 2: or what happens if interest rates increase? They were financially
• 23:48
  Speaker 2: fine if that was the case, they have it. They
• 23:50
  Speaker 2: didn't care, whereas for most people in our community, I
• 23:53
  Speaker 2: would say interest rate hikes hurt. So if you're thinking
• 23:57
  Speaker 2: I wish I had a lower interest rate, probably debt
• 23:59
  Speaker 2: recent isn't. It's a very niche group of people that
• 24:02
  Speaker 2: it makes sense for. So maybe we need to do
• 24:04
  Speaker 2: a whole episode on it, because I do get a
• 24:05
  Speaker 2: lot of questions about dair recycling. Now, you said you
• 24:09
  Speaker 2: love an American share You find American culture very interesting,
• 24:13
  Speaker 2: and the share market has been all over the shop
• 24:16
  Speaker 2: this year thanks to our friends Donnie Trump. How did
• 24:21
  Speaker 2: you react? How did you feel when all of that happened?
• 24:24
  Speaker 2: Oh my god, this shares on sale? Very excited. I
• 24:30
  Speaker 2: bought things. Did you buy? What did you buy? Well?
• 24:33
  Speaker 2: It was dip in and we were like, hey, we're
• 24:34
  Speaker 2: going shopping.
• 24:35
  Speaker 3: Not only did I buy something, but the other half
• 24:37
  Speaker 3: of the social media team also made their first investment
• 24:40
  Speaker 3: in the.
• 24:41
  Speaker 2: Dip they did.
• 24:42
  Speaker 3: Miss Georgia also bought something. Georgia bought a VDHG. I
• 24:45
  Speaker 3: felt very proud. I was like, oh my god, my
• 24:47
  Speaker 3: pad Georgia. I told and I bought Berkshire Hathway B
• 24:52
  Speaker 3: because I wanted to for so long. And okay, but
• 24:56
  Speaker 3: that wasn't the smartest movie because he also resigned the
• 24:58
  Speaker 3: next day, but I I still.
• 25:00
  Speaker 2: Left so hard. I'm not gonna lie, but like for ages,
• 25:03
  Speaker 2: and I currently don't own Berkshire Hathaway B because for
• 25:07
  Speaker 2: so long it has been overpriced or I've looked at
• 25:10
  Speaker 2: it and gone, oh, I just can't like because it's
• 25:11
  Speaker 2: so popular, right, everybody wants in. He's really smart to
• 25:15
  Speaker 2: like have a little dip to see an opportunity and
• 25:18
  Speaker 2: like quit me any quit. So I am currently down.
• 25:21
  Speaker 2: It's only down a little bit.
• 25:22
  Speaker 3: I think, you know what's it's going to recover because
• 25:24
  Speaker 3: it has a similar like portfolio. Like Berkshire Hathaway themselves
• 25:29
  Speaker 3: invest in a bunch of companies. I'm sure people know this,
• 25:31
  Speaker 3: but the companies that they invest in mirror a lot
• 25:34
  Speaker 3: of the other ETFs that I have, so it's quite
• 25:36
  Speaker 3: similar like risk profiles everything else I have. But people
• 25:40
  Speaker 3: don't realize the share price is not indicated on what
• 25:42
  Speaker 3: they invest in as well, it's on what people buy.
• 25:46
  Speaker 2: So I will come back, and I just feel like, yes,
• 25:49
  Speaker 2: he retired, but he's not a way no. And I
• 25:53
  Speaker 2: think for a very long time, and I mean he
• 25:55
  Speaker 2: is very old, but for a very long time he's
• 25:57
  Speaker 2: built this investment company. And yes he's the head of it,
• 26:00
  Speaker 2: but there are so many analysts and people in that
• 26:03
  Speaker 2: business making decisions. Yeah, and I think that the market
• 26:06
  Speaker 2: just needs to see that now he's retired, it'll be fine.
• 26:09
  Speaker 2: It'll be fine, and it tracks and then it all increase.
• 26:11
  Speaker 2: We can come back in a year's time and I'm
• 26:13
  Speaker 2: going to be a billionaire, just kidding. Okay, Well call
• 26:16
  Speaker 2: me when that happens and we'll get you back on
• 26:18
  Speaker 2: the show. I'd love to get a billionaire on the show.
• 26:20
  Speaker 2: So if you know, one Nash year, I'll be read
• 26:22
  Speaker 2: message message us. We spoke before about you selling investments. Yeah,
• 26:27
  Speaker 2: what else have you sold? Why not a lot?
• 26:29
  Speaker 3: Like I pretty much have only sold the first few
• 26:31
  Speaker 3: investments I ever made because I didn't really make them
• 26:34
  Speaker 3: from too much of a knowledgeable place, Like I made
• 26:37
  Speaker 3: those decisions because I thought that made sense, and then
• 26:41
  Speaker 3: I sold them when I realized I didn't really align
• 26:42
  Speaker 3: with my overarching strategy. I didn't really like the idea
• 26:46
  Speaker 3: of having twenty five percent of my portfolio being a director.
• 26:49
  Speaker 3: I thought like, oh, when I realized that that was
• 26:51
  Speaker 3: kind of risky, I thought, Okay, well, I'm not going
• 26:52
  Speaker 3: to do that again. And then I've sold it down
• 26:54
  Speaker 3: to keep like ninety percent of my portfolio as ETFs.
• 26:57
  Speaker 2: They're pretty much the only ones I've sold. The rest
• 26:58
  Speaker 2: of them I've held.
• 27:00
  Speaker 3: Also sold my shares when I changed platforms because I
• 27:02
  Speaker 3: couldn't be rather going through the hind transfer I had
• 27:04
  Speaker 3: to print something off to side a form, so I
• 27:06
  Speaker 3: sold them. I thought, let me just take those capital
• 27:08
  Speaker 3: gains tax and call them.
• 27:10
  Speaker 2: That was expensive. It was an expensive decision, but I'm like,
• 27:13
  Speaker 2: come talk to me about exit strategies. So I when
• 27:17
  Speaker 2: I was an advisor, I used to always say to clients,
• 27:19
  Speaker 2: what's the exit strategy if there is one? Like, we
• 27:22
  Speaker 2: always want to be in a position to be able
• 27:24
  Speaker 2: to sell down, but we don't necessarily have to sell down.
• 27:27
  Speaker 2: What's the plan? You said, if I continue on my trajectory,
• 27:31
  Speaker 2: I could potentially retire at thirty five. Are we selling
• 27:35
  Speaker 2: every single asset at thirty five and living large or
• 27:38
  Speaker 2: are we existing off the income?
• 27:40
  Speaker 3: What does that existing off the income? Like either dividends
• 27:43
  Speaker 3: or selling down like a smaller percentage. I realistically could
• 27:47
  Speaker 3: live a very comfortable life on seventy five K. Yeah,
• 27:49
  Speaker 3: don't live an excessive life. I'm homeowner adjacent. So you're
• 27:53
  Speaker 3: saying a man is in fact a financial plan. That
• 27:56
  Speaker 3: is never a financial plan. But I can afford to
• 27:58
  Speaker 3: pay rent. What I invest now is mental income, like
• 28:00
  Speaker 3: I could pay that for a rental, and I also
• 28:02
  Speaker 3: do pay rent as well on top of that.
• 28:04
  Speaker 2: So don't you worry. I'm spending spending big so you
• 28:07
  Speaker 2: earn a good income. Is she's on the money, that
• 28:08
  Speaker 2: is very nice.
• 28:11
  Speaker 3: I would say, I have two jobs, two jobs, victoria
• 28:16
  Speaker 3: to behind, got to get a pay rise to talk
• 28:18
  Speaker 3: about that?
• 28:18
  Speaker 2: Never, yeah, hear it here? First seven percent in line
• 28:22
  Speaker 2: with inflation. Never forget, never ever forget.
• 28:25
  Speaker 3: So you know I would sell down a portion, but
• 28:28
  Speaker 3: I would never sell everything because realistically, when you work
• 28:30
  Speaker 3: out your financial independence number, you realize that. Okay, well,
• 28:33
  Speaker 3: this is the number I can draw down and my
• 28:35
  Speaker 3: portfolio will continue to grow, so hopefully my grandkids and
• 28:39
  Speaker 3: children would retire with.
• 28:41
  Speaker 2: Just creates some money generational wealth. Yes, so did you
• 28:45
  Speaker 2: use the five percent rule for drawdowns or what did
• 28:47
  Speaker 2: you take the math?
• 28:49
  Speaker 3: I found out you could just like, if whatever income
• 28:52
  Speaker 3: you want, then times are by twenty five and that's
• 28:54
  Speaker 3: roughly the amount of money that you should have. And
• 28:56
  Speaker 3: I've just accepted that's the amount of money I need
• 28:58
  Speaker 3: to have.
• 28:59
  Speaker 2: Yeah, okay, And I mean the twenty five rule means, yes,
• 29:02
  Speaker 2: you are using the five percent rule, which we spoke
• 29:05
  Speaker 2: about a lot in a previous episode, and you and
• 29:08
  Speaker 2: George master class. I was going to say, you and
• 29:10
  Speaker 2: Georgia have spent a lot of time creating our playlists,
• 29:13
  Speaker 2: so yeah, they look so cute. Yeah, so we've got
• 29:16
  Speaker 2: very cute playlists. But if you want to go through
• 29:17
  Speaker 2: our investing playlists, in that episode or in one of
• 29:21
  Speaker 2: the episodes, in that playlist, we talk about the five
• 29:23
  Speaker 2: percent rule and what that means and how that works.
• 29:26
  Speaker 2: And if you were a bit confused when Brooks said
• 29:29
  Speaker 2: twenty five times, like that, that's the math that math's
• 29:31
  Speaker 2: the math that maths, and we talk about it a
• 29:33
  Speaker 2: lot in that episode, and an investing masterclass exactly. I
• 29:37
  Speaker 2: mean we literally teach you everything and not only everything
• 29:41
  Speaker 2: involved in it.
• 29:42
  Speaker 3: You should go sign them for the Investing mask class
• 29:44
  Speaker 3: and use code suckl just kidding.
• 29:45
  Speaker 2: There's no codes. You should set one up because it
• 29:47
  Speaker 2: was an affiliate code for myself. We don't do affiliates,
• 29:51
  Speaker 2: but apparently just make it for them. We do capital
• 29:54
  Speaker 2: gains tax. You said before I sold down my shares
• 29:57
  Speaker 2: because I couldn't be either doing the hint transfer capital
• 30:00
  Speaker 2: gains tax something that you actually consider when selling. I
• 30:03
  Speaker 2: didn't consider it at the time. I was just lazy.
• 30:06
  Speaker 3: I would consider it now. But if you hold your
• 30:07
  Speaker 3: shares over twelve months, you get fifty percent reduction on
• 30:10
  Speaker 3: capital gains tax. I'm not really worried about that until
• 30:13
  Speaker 3: I'm thirty five, just kidding. I'm not retiring then, but
• 30:15
  Speaker 3: if I were. Whenever I retire and decide that I'm
• 30:18
  Speaker 3: going to start taking it, then I'll obviously worry about
• 30:20
  Speaker 3: the capital gains tax.
• 30:21
  Speaker 2: But it's not that much. Like, I don't think it's
• 30:24
  Speaker 2: going to affect me that much. I don't think it's
• 30:25
  Speaker 2: that bad. And I think people extrapolate out how scary
• 30:29
  Speaker 2: it is because they're like, oh, I don't want to
• 30:30
  Speaker 2: have to pay extra tax. Girl. If you're paying taxes
• 30:33
  Speaker 2: because you've made money and we are winning to money,
• 30:36
  Speaker 2: and capital gains tax is tax on the profits, not
• 30:41
  Speaker 2: tax on your entire portfolio. It's tax on the profits
• 30:44
  Speaker 2: that you've made from the portfolio, which, honestly, I hope
• 30:47
  Speaker 2: it's heaps. Yeah, like I hope that Brook. You have
• 30:49
  Speaker 2: a really big capital gains tax bill. Yeah, you're welcome too.
• 30:53
  Speaker 2: You're welcome talk to me about your number. You said,
• 30:58
  Speaker 2: I've got my financial freedom number, and I did twenty
• 31:00
  Speaker 2: five times.
• 31:01
  Speaker 1: What is it?
• 31:02
  Speaker 2: Why did you take two million dollars?
• 31:04
  Speaker 1: Yeah?
• 31:04
  Speaker 3: I can't remember what did I can't think it works
• 31:06
  Speaker 3: out to be like eighty k. Yeah, I think that
• 31:08
  Speaker 3: was the Let me divide by twenty five to tell you.
• 31:11
  Speaker 2: Yeah, it's eighty k. I thought eighty k was a
• 31:13
  Speaker 2: comfortable life for me. Yeah. Good. And your plan is
• 31:17
  Speaker 2: to be able to retire at thirty five. But are
• 31:20
  Speaker 2: you talk to me a little bit about more your
• 31:22
  Speaker 2: personality when it comes to working, because I wouldn't working. Yes,
• 31:27
  Speaker 2: but I wouldn't say. And I think a lot of
• 31:28
  Speaker 2: people are like, oh my god, Like if you put
• 31:30
  Speaker 2: in the hard yards, now you can retire and you
• 31:32
  Speaker 2: never have to work another day in the life. And
• 31:34
  Speaker 2: I think a lot of people assume that if you
• 31:38
  Speaker 2: want to retire early, it's because you just don't want
• 31:41
  Speaker 2: to be working. And I would say that you are
• 31:43
  Speaker 2: born to born to work, yes, but what does that
• 31:48
  Speaker 2: look like? Is it just because you're like, I want
• 31:50
  Speaker 2: financial freedom by then I want this, Like or are
• 31:52
  Speaker 2: you planning on traveling the world or are you planning
• 31:54
  Speaker 2: on never working a day in your life?
• 31:56
  Speaker 1: Like?
• 31:56
  Speaker 2: What does that financial freedom number? What does it mean
• 32:00
  Speaker 2: to achieve it?
• 32:01
  Speaker 3: I think because I grew up in like a very
• 32:03
  Speaker 3: low socio economic area, I kind of like realize what
• 32:06
  Speaker 3: it's like to not have money. Like I did not
• 32:08
  Speaker 3: grow up wealthy by any stretch of the imagination. My parents'
• 32:10
  Speaker 3: house was seventy thousand dollars. We lived on like one
• 32:13
  Speaker 3: parent's income, which was my dad was a mechanic and
• 32:15
  Speaker 3: apprentice a mechanic at that time. Like, we did not
• 32:19
  Speaker 3: grow up rich and like, we're just lucky to have
• 32:22
  Speaker 3: what we have. So I think the idea of me,
• 32:24
  Speaker 3: having financial independence is like, Okay, well, I know that
• 32:26
  Speaker 3: I'm never going to be back with no money, like
• 32:30
  Speaker 3: I have money, worst comes to worse. I could help
• 32:32
  Speaker 3: my mom, I could help my sister, like I've got
• 32:34
  Speaker 3: money spared. It's not about retiring for me, because I
• 32:37
  Speaker 3: like working. I like doing things like I have a
• 32:41
  Speaker 3: side hustle. I look for new things I could be
• 32:43
  Speaker 3: doing all the time, like I've got goals to start,
• 32:45
  Speaker 3: like a little business. I just think the idea of
• 32:48
  Speaker 3: having the financial independence is Okay, well, I can be
• 32:50
  Speaker 3: a little bit more risky with my decisions. If I
• 32:52
  Speaker 3: start a small business and I don't own income for
• 32:54
  Speaker 3: the first three four years, Well that's fine because I
• 32:57
  Speaker 3: have my investments, like.
• 32:59
  Speaker 2: Backing me up.
• 33:00
  Speaker 3: I also have a job I also had, Like I'm
• 33:02
  Speaker 3: looking for just many ways to have money so that
• 33:05
  Speaker 3: I'm not poor.
• 33:06
  Speaker 2: Yeah. And I think that that's an important thing to
• 33:08
  Speaker 2: touch on as well, because a lot of people might
• 33:10
  Speaker 2: be going, well, she was really privileged, or she had
• 33:13
  Speaker 2: parents that invested, or she you know, got gifted money
• 33:16
  Speaker 2: or had an inheritance, or her parents gathering taught alone.
• 33:20
  Speaker 2: Like no, I think it's really important to contextualize it
• 33:23
  Speaker 2: because so often we hear of people investing and then
• 33:26
  Speaker 2: we get disheartened because then we go, oh, that's not.
• 33:29
  Speaker 3: Oh their parents were properly investors. No wonder why they
• 33:31
  Speaker 3: own a house.
• 33:32
  Speaker 2: Yeah, And we talk about it a lot in our
• 33:34
  Speaker 2: team as well, because like getting to thirteen hundred dollars
• 33:37
  Speaker 2: a fortnight, doney, that's a lot of money and it's
• 33:40
  Speaker 2: definitely not the expectation that you listen to this episode
• 33:44
  Speaker 2: and maybe you've never invested in your life and then
• 33:45
  Speaker 2: suddenly you find that money to invest that has taken
• 33:49
  Speaker 2: you a while to not only works too confidence wise
• 33:52
  Speaker 2: to invest, but also working out. Okay, well if I
• 33:56
  Speaker 2: have this other job, is that one of the motivations
• 33:59
  Speaker 2: to like do so much?
• 34:01
  Speaker 4: Yeah?
• 34:01
  Speaker 3: I think I just I live like I've still got
• 34:05
  Speaker 3: my first corporate job income. Like my first corporate job
• 34:08
  Speaker 3: was like fifty k. So to me, I'm like, well,
• 34:10
  Speaker 3: if I can spend less than fifty k a year
• 34:12
  Speaker 3: on all of my expenses that's including brands and overseas
• 34:14
  Speaker 3: holiday Like, if I can do that, then great. That
• 34:17
  Speaker 3: spare money is either going to go into my house
• 34:18
  Speaker 3: deposit or it's going to go like into investments. So
• 34:21
  Speaker 3: every time I've either got a better paying income or
• 34:24
  Speaker 3: a pay rise or a second income.
• 34:26
  Speaker 2: I'm like, okay, well that's not my money. I don't
• 34:29
  Speaker 2: need that money to live.
• 34:29
  Speaker 3: Okay, let's put that into my house deposit and then
• 34:31
  Speaker 3: let's invest the rest of it, because I want to
• 34:33
  Speaker 3: have that buffer so that realistically, if I was tomorrow
• 34:37
  Speaker 3: to become unable to work, okay, great, well i can
• 34:40
  Speaker 3: go back to earning a fifty thousand dollars a year
• 34:42
  Speaker 3: income or a forty five thousand dollar a year income,
• 34:44
  Speaker 3: and I've got savings, I've got investments, and I was
• 34:47
  Speaker 3: I'm still living on that income now, it's just the
• 34:49
  Speaker 3: spare money's gone elsewhere, Like it's not my money to touch.
• 34:52
  Speaker 2: It's crazy to me because that's my mentality. And like
• 34:55
  Speaker 2: when I hear it reflected back, I'm like, that kind
• 34:58
  Speaker 2: of makes no sense because you've got well, you now
• 35:03
  Speaker 2: have the experience in a career and have established yourself
• 35:07
  Speaker 2: so much so that even if she's on the money
• 35:10
  Speaker 2: deleted tomorrow and you couldn't work here, you could go
• 35:13
  Speaker 2: get a very well paying job. You're never going to
• 35:16
  Speaker 2: be in a situation from my perspective, where you would
• 35:19
  Speaker 2: go and get an income of less than fifty thousand dollars.
• 35:23
  Speaker 2: But in my head, I don't know why. It must
• 35:26
  Speaker 2: be part of my money story, which is semi similar
• 35:29
  Speaker 2: to yours, that I wasn't given anything, I didn't grow
• 35:32
  Speaker 2: up really wealthy. I kind of always go, oh, well,
• 35:35
  Speaker 2: I could always fall back on that. I could always
• 35:37
  Speaker 2: and like I forget that. I do have investments and
• 35:40
  Speaker 2: I have created that cushion. Does that feel real to
• 35:44
  Speaker 2: you yet or are you still I will always being
• 35:48
  Speaker 2: for the worst. Yeah, I will always be poor in
• 35:50
  Speaker 2: my head.
• 35:50
  Speaker 3: Like if anyone's a Perth local THEO, I'll know I
• 35:53
  Speaker 3: grew up in the Gospel's armad i'le region. Okay, when
• 35:56
  Speaker 3: I say that I did not grow up with money,
• 35:58
  Speaker 3: I did not grow with money and my head, I
• 36:00
  Speaker 3: will always be that person, like I will never not
• 36:02
  Speaker 3: be poor. So like even as I have investments or
• 36:05
  Speaker 3: like my network changes in my head, that's not that
• 36:07
  Speaker 3: money's not real because I don't physically have it, which
• 36:10
  Speaker 3: also feels good because I never I'm not going out
• 36:12
  Speaker 3: and buying designer stuff. I'm not like doing anything fancy.
• 36:16
  Speaker 3: I literally don't even know no home, so none of
• 36:18
  Speaker 3: it's real until it's real. So I think it's until
• 36:21
  Speaker 3: I actually retire. I think that someone could tomorrow could
• 36:24
  Speaker 3: come along and take all my investments and go, hah,
• 36:26
  Speaker 3: you're kidding.
• 36:27
  Speaker 2: That's not yours. Like it'sn't it crazy that we get
• 36:29
  Speaker 2: imposter syndrome investments as well? Like sorry, we thought we
• 36:33
  Speaker 2: could control ourselves. You cannot.
• 36:35
  Speaker 3: Like I have an emergency fund, and I get scared
• 36:38
  Speaker 3: taking money out of my emergency fund, even if I
• 36:41
  Speaker 3: need it for an emergency.
• 36:42
  Speaker 2: I feel like that's very relatable though, because so many
• 36:44
  Speaker 2: people message you see the messages from She's on the Money,
• 36:47
  Speaker 2: People are like, oh my god, I feel so guilty.
• 36:49
  Speaker 2: I used my emergency fund and more chat with you
• 36:52
  Speaker 2: will be like, oh my god, what for And they'll say, oh,
• 36:56
  Speaker 2: an emergency debt bill or my tire broke and I
• 36:58
  Speaker 2: had to get I'm like, hold on, hold on, can
• 37:00
  Speaker 2: we just backtrack? Is that not what that's what it
• 37:03
  Speaker 2: was for? Why are we feeling guilty?
• 37:05
  Speaker 1: Though?
• 37:06
  Speaker 2: Anyway, I think it's really really interesting learning about your
• 37:09
  Speaker 2: investment strategy. And I think the community is going to
• 37:13
  Speaker 2: have loved the openness because I think that it is
• 37:16
  Speaker 2: very hard for people, you know, to come on the
• 37:19
  Speaker 2: she's on the money platform and say well, this is
• 37:21
  Speaker 2: how much I invest, this is how I invest, this
• 37:23
  Speaker 2: is where I invest, and we want to go down
• 37:25
  Speaker 2: this route a little bit more in the future. So
• 37:28
  Speaker 2: if you've listened to this and you're like, oh my god,
• 37:29
  Speaker 2: I have an investing diary that I would love to share,
• 37:32
  Speaker 2: it can be completely anonymous, talk to me. Slide into
• 37:35
  Speaker 2: our dms. Doesn't have to be anonymous either, it's completely
• 37:38
  Speaker 2: on your term. So I would be sliding into our
• 37:40
  Speaker 2: dms because we want more content like this because the
• 37:44
  Speaker 2: only way, or from my perspective, you can read a
• 37:46
  Speaker 2: million things on Reddit, brook I guarantee that by listening
• 37:50
  Speaker 2: to stuff like this, you go, oh, it's actually not
• 37:52
  Speaker 2: that scary. I could do it. Yeah, I could do it.
• 37:55
  Speaker 2: I could do it. So, unfortunately, Brooke, that is all
• 37:58
  Speaker 2: we have time for today. I really appreciate how often
• 38:02
  Speaker 2: you have been with the community, and I just know
• 38:04
  Speaker 2: that they're going to be so obsessed with hearing from you.
• 38:06
  Speaker 2: And I think that learning about investing it can be overwhelming.
• 38:10
  Speaker 2: When you start at the start, it feels like you're
• 38:12
  Speaker 2: going nowhere. When you invest, even your first five thousand dollars,
• 38:15
  Speaker 2: you just go, well, what's that even going to do?
• 38:18
  Speaker 2: But consistency means that Brook can potentially retire by the
• 38:22
  Speaker 2: age of thirty five, which is very exciting. Guys, if
• 38:26
  Speaker 2: you have loved this episode, we would really appreciate it,
• 38:29
  Speaker 2: and our content team would really appreciate She's going to
• 38:31
  Speaker 2: give us a five hour review. So this was worth
• 38:33
  Speaker 2: my time exactly because it genuinely helps us bring you
• 38:37
  Speaker 2: more of the content that you love, and it lets
• 38:39
  Speaker 2: us know that you want more juicy behind the scenes
• 38:41
  Speaker 2: chats like this one. I know you're probably feeling all
• 38:43
  Speaker 2: kinds of inspired right now and ready to channel your
• 38:46
  Speaker 2: inner Brook and start building your own wealth. And you
• 38:49
  Speaker 2: know what, Brook and I, we've actually made that really
• 38:51
  Speaker 2: ridiculously easy for you. Yeah, and we've pulled together all
• 38:55
  Speaker 2: of our best investing resources into one spot on the
• 38:58
  Speaker 2: She's on the Money website and inside that She's on
• 39:01
  Speaker 2: the Money Investing master class. When Brooke said she had
• 39:04
  Speaker 2: to read nine investing books, it's because I'm crazy. It
• 39:08
  Speaker 2: was actually horrible. I did not want to miss a thing.
• 39:11
  Speaker 2: We did not want to miss a thing. I wanted
• 39:13
  Speaker 2: to make sure we dotted every single I crossed every
• 39:15
  Speaker 2: single tea if I was saying something, it had to
• 39:17
  Speaker 2: be fact checked twice. I'm going to link it in
• 39:20
  Speaker 2: the show notes for you and you can soak up
• 39:22
  Speaker 2: all of the knowledge to put yourself in the best
• 39:24
  Speaker 2: possible position. We will see you back here on Friday
• 39:27
  Speaker 2: for another episode. Bye guys by DearS.
• 39:36
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• 39:38
  Speaker 4: in nature and does not consider your individual circumstances. She's
• 39:42
  Speaker 4: on the Money exists purely for educational purposes and should
• 39:46
  Speaker 4: not be relied upon to make an investment or financial decision.
• 39:49
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• 39:52
  Speaker 4: the PDS TMD and obtain appropriate financial.
• 39:55
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  Speaker 4: Victoria Divine and She's on the Money are authorized representatives
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