Latest / The Curve / Budgeting Blues, Bitcoin is Booming & a Dash of TACO [UNEDITED]

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Budgeting Blues, Bitcoin is Booming & a Dash of TACO [UNEDITED] · The Curve

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Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
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business and stock market too.
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Brought to you by the Curve's research team, that's the latest insights on what's happening
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in the stock market, companies, other money related news so that you can stay educated and
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ahead of the curve.
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You can thank us later for sounding smarter than those finance bros you need to know, Patti.
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So that last week, you know how we put our first episode out.
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Ever?
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Will we hadn't edited it?
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I honestly thought most people wouldn't listen.
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Turns out maybe we don't even need to edit the podcast.
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We got some quite good feedback.
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They're like, I love the unissed version.
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Yeah, it feels like I'm in the room with you.
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Also, if someone commented being like, sounds like you guys were going to have a scrap
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at the end there.
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Honestly, I feel like we were, I was like, let's, let's just wrap this up.
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So are we doing this, are we doing this?
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Yes, we are.
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But I would just say, I think you spring that on me.
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No, I think it's good to have health as we're recording.
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So I can't get.
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Sorry.
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Yeah.
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Well, I mean, look, that wasn't the plan.
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I was planning on editing it, but then I've done a last minute trip to Turkey.
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I'm, I'm, yeah, I'm now in Turkey.
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So nice.
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I would really like to not spend my Sunday editing.
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Yeah.
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Fair enough.
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And bless our beautiful editor.
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She's back on Monday.
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I reckon I might cry when I see her.
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I have like a list of stuff.
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I mean, same.
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Yeah.
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I like the poor thing.
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I'll give her one day and then I will.
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I don't know if I'll even give her a day.
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I've been like, Emily, I've got like a list.
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It's like Emily, Emily, Emily, Emily.
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Yeah.
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She actually, she listened to the non edited one from Italy.
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And she was like, I don't think you need an editor.
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Sounded all good.
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I was like, please come back.
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Please don't stay in Italy.
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Yeah.
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She's back next week.
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Thank you.
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Goodness.
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I know.
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Oh, God.
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I just had this moment where I was like, I feel like this summer in London.
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So many people, like I've got friends that are barely in London the entire of like July August.
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They're just constantly away on holiday.
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Yeah.
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And I was like, how are people affording to do this?
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Like it is really expensive travelling.
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And I just sort of had this moment of thinking, you kind of can't do everything.
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You know, you can't be super super on it with your finances and amazing with investing in blah, blah, blah.
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And then also be spending a decent amount of money on travel.
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Unless you're earning, you know, lawyer level money.
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I think it's what you prioritize, right?
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Like, I think there's travel in this travel.
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Do you know what I mean?
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I think there's such different levels of travel.
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And some places more expensive than others.
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I think, yeah, I think it depends what you value.
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And that might not be going out for dinner or, you know,
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you might put a lot of value on travel because you're young.
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You don't have kids or whatever the reason.
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But yeah, I agree.
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I think also just in London, the winters are so grim that, of course, everyone,
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probably like little raccoons or whatever, you know, gathering up their nuts for summertime.
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Gathering up their nuts.
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No, I know what you mean.
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But I just, I think I had this moment.
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I was actually sitting on the plane.
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So like, I literally, the flights were booked within, like the flight left in four hours.
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It was the most last minute non-organized chaotic on-brand escape that anyone's ever saying.
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Like, there's nothing more Sophie Hall, right?
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Then book a flight and have left within four hours, you know?
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And I realized that's not exactly the cheapest way to travel either.
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Like the more that you plan and the more that you do things in advance,
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then relief and give it a deals and that kind of thing.
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But I feel like I've been really prioritising trying to be financially responsible.
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And it's actually been really impacting my happiness levels to the point
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where I'm restricting myself massively from doing things with friends,
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from going out for dinners, for going on trips.
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Because I don't have enough to be doing that and having heaps of fun.
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And I think I just, I just got to the point where I was like,
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I actually, I think that I need to find a balance.
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It's not to say I need to go and throw caution to the wind and all of a sudden be,
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you know, spending all of my extra money on travel
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or all my extra money on going up for dinner or going to concerts.
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But I need to find a middle ground because being as restrictive as I have been
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in terms of like even last weekend, I did literally nothing all weekend.
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And I remember thinking, oh, this is good, this is very cheap.
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But it's actually really sad, like if you're not doing anything with friends or making memories,
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it can really impact your mental health.
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What in your opinion is financially responsible?
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Because you were like, I've been financially responsible,
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but I think that's your problem.
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Your definition of financially responsible is not spending money.
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Yeah.
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And I don't think that's correct if you get what I mean.
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What would your definition be?
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I think it's in control, not having financial blowouts.
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I guess having a plan, planning and being in control,
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that to me is financial responsibility.
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And whether it comes a balance of fun stuff and chill time.
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Yeah, and I guess maybe because I'm a person of extremes,
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I'm not the kind of person to love the grey zone, let's just say,
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or be very good at, like, for example, I bought a yoga pass last month.
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LOL, my shit chat about yoga, I feel like this has come up so many times.
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But pointers, I bought an unlimited and then all of a sudden I'm going every day.
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Like, I can't really do once a week or once every two weeks.
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It's either I'm doing yoga all the time or I'm not at all.
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And I think when it comes to money, I can be quite similar.
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So financially responsible for me is not going out and spending money
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on, yeah, on restaurants, not buying tickets to go see the sailing,
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not going to the theatre, not going travelling.
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Like, I have one holiday booked this year, which is for a friend's wedding.
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And I realise this is first full problems, like, how lucky am I to be going
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to Portugal for a wedding for five days?
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Like, amazing.
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But I feel like everything around it is very restricted and not in like a healthy way.
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You know, I just don't think that I'm getting the balance right.
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I got on this plane yesterday and I was reflecting on who I used to be,
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maybe as I got when I was very, you know, I would book a random last one,
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I'd take it to Turkey.
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And this was like Mexican sort of, you know, like back in our Sydney days
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when I left and I was just like, and I guess when I say financially irresponsible,
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I had no idea what was in my account.
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I had no plan, I had no control.
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I hadn't done a budget for what I should be spending on the trip.
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You know, like, I was really flying quite blind, let's just say.
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And I think that when I booked this flight, I all of a sudden,
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and I was like, do I wrote a little article on it?
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Because I just actually was feeling like quite emotional about the whole thing.
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And I thought I actually kind of missed that version of me a little bit
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because she was really fun and she, she prioritised memories and things that made her happy.
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I know it's important to be financially responsible in terms of having an emergency fund if you need it
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or thinking about putting aside even if it's just a small amount of your investments
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but I think I've taken it to the extreme where it's restricting myself from enjoying things.
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And, you know, when I stay home or don't do something,
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my immediate thought is, oh great, well that's cheap.
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Rather, you know, I don't know how to explain it.
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I just think it's really good.
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Yeah, yeah.
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I think it's been impacting my mental health actually quite a lot.
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And I would love to be able to find a middle ground between like Mexican's self
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and what I've sort of been like.
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I'm Turkey's self.
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Yeah, yeah.
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I think it is having a plan and having a budget, right?
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So then you know that if you are staying home one weekend and not spending,
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it's okay because you're saving for a bigger trip or you know that next weekend
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you've got something exciting, you know, like I think we can't live in a world
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where we say yes to everything financially, that's just impossible really.
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But I think there is, I think having a plan, for me having a plan, having control
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gives me much more peace of mind when I am quote unquote saving money by not going out
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or not doing things in the weekend if that makes sense.
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Yeah, because I think at the moment what's happening is when I then go and spend money on something fun,
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like for example this trip, I mean firstly I was like this is so last minute and just ridiculous.
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But the main hesitation for me was spending money was doing things.
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I felt guilty about doing something fun.
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And I just thought what is happening?
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Like I shouldn't feel guilty if you've put money aside for that.
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You know, like I have a little travel fund.
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I've been putting money in that travel fund.
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I think something there.
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So just spend it and enjoy yourself rather than sitting there like squirreling it away, squirreling it away.
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Yeah, thinking that it needs to just sit there for a rainy day.
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Because that's, and it's the same with all my funds, like I've put money in there for beauty
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so I can go and get my hair done but I avoid going to do that because I don't want to spend the money
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and it's just like, oh what's happening?
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Yeah, and I think that's a really good point.
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It's like you put money aside.
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So therefore you're not financially stressed when you go to enjoy those things.
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And when you enjoy those things, like when you do those things, sorry, you enjoy them a lot more
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because you know that you can afford them so that we can enjoy them more.
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Do you know what I mean?
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So I think, yeah, I think it's more working on, I think it's feeling guilty about spending money to be honest for you.
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Yeah, because you've got money there.
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Yeah, I think it's the fear of then not having enough, you know.
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Like so for example, this trip or planning a trip.
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I think the, because at the moment I've got about 700 pounds in my travel fund, which is about 1400 New Zealand.
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It's not a huge amount, you know, like it isn't a lot.
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And so I think there's the idea of, yeah, not feeling guilty when you spend it.
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But there's also the reality that there's not heaps there either.
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You know, I'm not making heaps of money.
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I don't have heaps of spare.
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So I don't know how to explain it.
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Yeah, I think it's also for people that like can't even afford a travel fund, right?
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I think there is, I think just the overarching kind of takeaway is that if you're putting money aside for anything,
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even if it's a house deposit, even if it's grocery.
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Groceries, yeah, it's, it's when you're, when you're for going things to achieve it at another goal,
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it's changing that mindset and being like, no, the reason I'm not doing this is because it's to help accelerate something else.
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Does that make sense?
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So it's, yeah, it's kind of reframing there.
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Yes, and I think the thing is though, it's like, I've had this in my head where I've been wanting to build up an emergency fund.
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I've been wanting to invest about three to four hundred pounds of my pay every month, which isn't a huge amount.
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But even that amount means that I'm so much more restricted and the things that I want to do.
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And I think that it's just what it's made me realize is if I'm only saving or investing half of that,
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and it means that I'm, it's going to take me twice as long to get to that goal,
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I would rather take that option than feel how I have been lately, which is actually that kind of miserable.
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That's sorry, you know, like, no, no, no, but it is.
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I think it's a really important point where it's like, yes, you can use the goal as motivation,
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but don't do it at the detriment of enjoying your life or feeling safe or having the things that you need,
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because at the end of the day, nothing is guaranteed, you know, we might not make it to 60.
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And if you spend your whole the next 30 years restricting yourself from anything fun or like frivolous or making fun memories,
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what's the point of being alive? You know, I think I've just had that moment of like, I would rather take more time
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and enjoy the process than be as extreme as I have been, I think.
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And I think that's okay as long as you realize, like you said, it's going to take you twice as long.
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Do you know what I mean? Like, you kind of can't, you can't have your cake and eat it too.
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It's like, if you want some money now, you're taking it away from your investments or your time and fund,
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or whatever it is, or your house deposit fund.
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But as long as you're okay with that, that's the kind of crux of it.
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It's like, what do you, and some people will be like, no, you know what?
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I actually love not doing anything and putting money in like a cheat and you know, like really hitting my goal sooner than I thought.
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And other people are like, you know what? No, I want to balance because I'm unhappy doing that.
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And so I think it's like as long as you're, as long as you, that makes me feel guilty because I do want to hit my goals.
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Do you know what I mean? It's like as soon as I hear that, I'm then like, oh God, no, but I do want to hit my goals quicker.
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But I want to go over that and I'm sad.
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Yeah, well then I think that's the answer.
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But then I can't get upset about not achieving your goals fast enough.
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Do you know what I mean?
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We're also in this world where it seems like everyone has everything and we're always missing out.
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And yeah, like it's, I don't know, like I was thinking next year, next year I almost want to be really restrictive and not travel anywhere and be like really, really focused on building a house deposit for a house in London.
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And I was like, could you actually do that work or like you say, would it make you really unhappy?
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And therefore maybe you push out buying a house for a couple of years.
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I don't know.
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Yeah, it's like, so I guess life is all trade-offs, right?
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You know, even us sitting here doing this podcast right now is a trade-off of going outside and enjoying the sunny weather or like there's every decision you make in life is a trade-off.
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And I think for me, that's been a real aha moment.
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If I'm spending time at work, it's not with my family.
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If I'm spending time with friends, it's not at work.
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Like there's just, it's the same with money.
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If you're spending money on this, then you're not spending it on that.
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And I think that's, you've just got to be, I guess, happy with the trade-offs that you're choosing to do.
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And perhaps it's always looking at the trade-offs that you've chosen and deciding if you still want the same trade-off.
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Because for me right now, I'm spending a lot of money on rent way more than I should be based on my salary.
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You know, like I'm definitely on the upper end of London rent and realistically should probably be spending about 400 pounds less than I am a month.
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That extra 100 pounds a week, what would it go towards and would it make me happier than being in the house that I'm currently in?
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Because the thing is it's like that was like a decision that I made one even six months ago.
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But always checking in and being like, is this still the order of my priorities?
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Is this still the thing, even though I know I can't have everything?
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Is this what I'm choosing to put in this order?
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And it might be little things, right?
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It might be like, right, okay, I'm not going to go out for dinners or I'm going to do one dinner out every fortnight or something.
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And then you might realize actually I really miss that and I enjoyed that.
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So it's like, okay, what can I swap out or cut back on that might not be as impacting in terms of my happiness.
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And so I can reintroduce that, I don't know, yeah.
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If anyone feels like they would like to share anything on this, and there's no pressure too, but we actually have the curve hotline, which is a chart you can leave like a voice note.
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Whether it's commenting, whether you're listening, whether it's sending a voice note, whatever.
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It's kind of nice sometimes to hear how other people think about this.
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So if you're listening and you're thinking, oh, that's really interesting because we in our family have prioritized this, and it's made me feel like that.
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I think talking about it can be really helpful.
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So if anyone does feel comfortable sharing, would love to hear, yeah, would love to hear how you think about what you prioritize.
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Because you're right that most people will feel like they don't have enough money to do all the things that they want to do.
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It's just the reality. Even when you have heaps, you feel like you don't have enough.
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Because it's just the idea of wanting more always.
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I'm reading a book at the moment called The Soul of Money.
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And the chapter like just finished reading is all about how people never feel like they have enough.
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You never have enough time. You never have enough money.
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Most people wake up and start their day with I haven't had enough sleep.
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And they have the whole day and their whole lives is structured around not having sufficient.
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And it's quite fascinating how even the rich don't think they have enough.
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And it's what is enough.
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And I think we've kind of touched on this conversation before around what is enough.
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And I just think, I think even if you had an extra thousand pounds a week, for example, you'd still be making trade-offs.
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I don't know, it's like we always think that we're not.
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I don't know, beautiful enough, smart enough, fit enough.
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All of this is just, and money is a big part of that as well.
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I'm never thinking that we don't have enough money.
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I think the whole, like, not enough time is massive.
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Shit, massive, massive, massive.
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Oh God, you always wake up saying I don't have enough sleep.
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Oh, same. Oh my God. Right, wait, start the day.
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So I was, so obviously I, well, not obviously I don't even said this.
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My sister's in Turkey, which is the reason why I've made this trip.
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She already had her accommodation booked.
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And since we were a kid, I've always been like the family member that normal is to share a bed with.
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Because I sleep talk and I care.
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And I'm just like just a pain in the ass anyway.
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We woke up this morning and Lucy was like,
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that was probably the best sleep I've ever had in a bed with you.
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And I was like, yeah, I purposefully bought sleeping pills.
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I was not at the nightmare.
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I don't like a tiny bit of sleeping pool,
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because I was like, I don't want to wake up and be like,
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fuck you, you ruined my holiday.
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Yeah, yeah, yeah.
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And especially on holiday, that's like the one thing you want to feel rested.
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Recoop, yeah, is your sleep.
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Yeah, definitely.
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But should we talk about some finance stuff?
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Yeah, I mean, to be fair, this whole conversation has been exciting.
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But just like very self-indulgent.
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I think we'll have to probably put some time codes in this podcast
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so that people can skip through our bullshit if they're not interested.
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Yes.
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But yes, I'd love to know what's been going on in the world.
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In business, economy, stock market, money, what's been happening?
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Well, we've had a bit of a birthday last week.
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We had a 30th birthday, and it was Amazon's 30th birthday.
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So one of the largest companies in the world had a 30th birthday,
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which I don't know.
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I thought back.
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I was like, okay, so I would have been six years old when Amazon was first created,
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which is quite wild.
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And you would have been three.
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Tiny, tiny.
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I've lost it.
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Oh, sorry, no, I am here.
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I just realized there was a towel in the background.
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Oh, no.
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Oh, no.
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It's like not that shake.
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Yeah, so I think it was just quite fascinating to think
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how far that businesses come.
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So from 1995, it went out only sold books.
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You're right.
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You sound like you're underwater.
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Oh, God.
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No, it should be fine.
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It should be fine.
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I mean, it's going through the scholar.
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What's that?
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Oh, God.
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What's what?
21:44
Oh, that's fine.
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It's just gone somewhere in Turkey.
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Oh, no.
21:49
Oh, no.
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Does it sound true?
21:51
No, just before.
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It was like the...
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Did you put the towel on it or something?
21:55
No.
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I put my microphone down for a second.
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Oh, sorry, sorry, sorry.
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No, that's right.
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I wasn't training.
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I wasn't training.
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I was just going to say on my, you know, very long bus ride
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from the airport to where I'm staying here.
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I was like, I can get a taxi or I can wait on the bus
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for three hours for it to be full before it leaves.
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And then a two and a half, you know, it was a whole thing.
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I saved, like, I don't know, 40 pounds or something.
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But I listened to a podcast in that time.
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And it was one of Grace Beverly's podcasts.
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And it was with Emma Greed, who you were obsessed with.
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And one of the things that she said was that, like,
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a lot of us think about successful companies
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were building businesses and we think, you know,
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three years, five years.
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And she was like, there are, like, some of the best companies
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in the world are old.
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She was like, Apple is old, Amazon is old.
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And she started talking about it.
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And I thought about this, just the idea
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that she's right, so many of these companies
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have evolved and been here throughout so many moments
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in the last, you know, they've gone through decades
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and decades of change.
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And I think just realizing that is like, I don't know,
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it gave me this for anyway.
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They start out as one thing.
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And they end up morphing into like, like, in 1995,
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when Amazon started, it was like Earth's biggest bookstore.
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And now it's the everything store.
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Like, it sells hundreds of millions of products,
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not just books, like, to think that it started selling books.
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And then it introduced the Kindle,
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which effectively cannibalized its book business.
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But like, I don't know, it's just constantly adapting.
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Wait, did they make Kindle?
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The Kindle.
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Yes.
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No way.
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And everyone was like, don't do it.
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Whoa, they made it.
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That's like the blockbuster story about, you know,
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it's like cannibalizing your main product with a new one.
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That's a bit of a make sense, because if you don't do it,
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someone else is going to, right?
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Like, codec.
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Codec camera is invented the digital camera,
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but didn't release it.
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And then someone else did and completely cannibalized their business.
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Like, what idiots, why would you not put that out?
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That's so strange.
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But yeah, so Amazon is 30.
24:11
It's now got, it's gone from like half a million revenue
24:14
to $500 billion in revenue, which I just say, well, well, well.
24:20
It employs 1.5 million people.
24:23
And I was thinking, what companies, back then,
24:26
were the top companies in the S&P 500?
24:30
Oh my god.
24:31
Now we've got Microsoft, we've got Amazon Apple, Google,
24:35
Meta, Nvidia, you know, like, we've got a lot of tech companies.
24:40
And so I was like, when Amazon was first starting out,
24:44
was it groceries?
24:46
Like, I mean, sorry, was it soup markets?
24:48
No, it's Exxon mobile.
24:51
So oil, an oil company, petrol company,
24:54
General Electric GE, which is like,
24:57
kind of a conglomerate finance company,
25:00
Coca-Cola, actually.
25:02
Oh, yeah.
25:03
McDonald's?
25:05
No.
25:06
I mean, it's up there.
25:07
Like, I'm just these are just rattling off some,
25:09
like, AT&T, which is a telecommunications company,
25:12
IBM.
25:13
And then the last one is Philip Morris,
25:15
the tobacco company.
25:17
Oh, whoa.
25:19
So like, if you think like, all those companies are so old-world,
25:22
or like, so boring.
25:24
And they're also like...
25:26
Like, most of us...
25:28
As we said, they're all kind of irrelevant now, aren't they?
25:30
Yeah.
25:31
Like, yeah.
25:32
And most of them, like, if we think most of us here
25:36
will have maybe 30 years until we retire,
25:41
or, you know, at least...
25:44
I don't know, close to that.
25:45
20 maybe?
25:46
I mean, gosh, mine's creeping up.
25:47
But anyway.
25:48
So to think that...
25:49
Oh, God's sake.
25:50
Absolutely not.
25:51
There'll be so many people listening who have had, like,
25:55
five kids that have grown up and gone through university
25:57
that are like...
25:58
Shut up.
25:59
Shut up, I know.
26:01
But to think that there could be companies
26:04
that aren't even around right now that could be driving
26:08
my investment returns for the next 30 years.
26:10
But even if you think about that, like, at the time 30 years ago,
26:13
Apple was around, but it certainly was not up there.
26:16
It was way down the list in terms of...
26:19
You know, so it's like remembering there's...
26:21
There's the apples right now, the equivalent of the apples,
26:24
probably either not even listed or really low down in there
26:27
some P500 that could creep up and end up being, you know,
26:30
the biggest companies in the world.
26:32
Yeah.
26:33
And also, they...
26:35
Like, the...
26:36
I'm going to keep it there.
26:38
Just lost my chain of thought.
26:40
That's good.
26:41
Still don't think that this is...
26:43
Yeah.
26:44
Oh, yes.
26:47
The thing is, holding on to those companies for 30 years,
26:50
I think that's the hardest part, right?
26:52
Because we even saw a few months ago, like,
26:55
a little blip in the stock market and people are like,
26:58
oh my gosh, what do I do?
26:59
Do I sell?
27:00
And so, like, going through a massive global financial crisis
27:05
is pandemic.
27:06
Holding on to these companies for 30 years,
27:09
that, to me, is the hard part.
27:11
Yeah.
27:12
Oh, I mean, we just put...
27:13
We put out it.
27:14
This is obviously not going up for a few days, but...
27:16
But I literally just posted that video.
27:19
We did that stupid, like, is it illegal song?
27:21
You know, like...
27:22
Hi, my name is Pankin.
27:23
It was really nice to meet you.
27:25
Anyways, it took us about 20 takes.
27:27
Oh my god, wait, many times.
27:29
I'm not saying glad we persevered, I think.
27:31
I've actually got on...
27:32
It's better than the first one.
27:33
I've actually got on TikTok, so...
27:35
I saw.
27:36
I saw it.
27:38
I saw it.
27:40
I saw it, and I thought, shit, yes, Vic,
27:43
you're best blogger, self.
27:44
I'm so here for it.
27:45
What did one did you see?
27:47
The day in the life when you went to...
27:49
Oh, I know.
27:50
I also have my voice sound so annoying.
27:52
I'm sorry.
27:53
People that have to listen to my voice all the time.
27:55
Trust me, it's not that annoying.
27:56
So many people are more annoying.
27:59
But I...
28:00
Yeah.
28:01
What was my point?
28:02
Oh, in that video, I made the like...
28:04
Captions, basically.
28:06
Like, you being like,
28:07
Hi, I'm a girl that's invested since I was nine.
28:09
And then I was like, Hi, I'm a girl.
28:10
I'm invested since I was 30.
28:12
Yeah.
28:13
Just learned about stocks or whatever.
28:14
And then when it went back to you,
28:16
it was like the girl that holds her investments
28:17
for at least five years,
28:18
because she's a long term investor.
28:20
And then it went back to me,
28:21
and it was like, trying to be a finance broker
28:23
and sells like she thinks she can beat the market.
28:25
Because it's true, I'm exactly that.
28:27
Like, I get so excited and swept up
28:29
in the idea of like...
28:31
Buying selling at the right time.
28:33
I just find it exciting and fun.
28:35
But I know for long-term wealth,
28:37
it's just so not the way to do it.
28:39
Yeah.
28:40
That's right.
28:41
Still got some learning to do.
28:43
But I've evolved a lot in the way that I invest.
28:46
And I think that's good,
28:47
because everyone,
28:48
it's good to find the way you invest in her.
28:50
But I think at the end of the day,
28:52
the main thing here is there's so much data
28:56
that says buy and hold is the way to do it.
28:59
So for anyone that's worried or scared about investing
29:02
or doesn't know if you can be good at it,
29:04
it's very hard to effort up
29:05
if all you're doing is buying,
29:06
while it's doing nothing about it.
29:08
And just like the more boring the better,
29:10
the less you do,
29:12
the more you set and forget almost the better.
29:15
But also, I think,
29:17
congratulations to you, Sov,
29:19
because you're still part of a very small minority
29:24
that isn't investing, you know?
29:26
Even though you might, you know,
29:28
we could always do better with our investments,
29:30
whether it's amount, less trading, whatever.
29:32
But you're investing.
29:34
And I think that deserves a little round of applause.
29:37
Because a lot of people aren't still.
29:40
I must say, I wish I didn't from when I was nine,
29:42
but you know,
29:44
we can't all go back in time.
29:46
And what do we say?
29:47
We always think we want more of something.
29:49
So just be proud of where we are.
29:51
It's true.
29:52
It's very true.
29:53
There was a time in my life where I remember thinking,
29:55
and I actually remember my friend,
29:57
one of my really good friends,
29:59
her dad used to be a,
30:01
well sorry, yeah, used to be a primary school teacher,
30:03
didn't earn much money,
30:05
was investing though.
30:07
He invested consistently,
30:09
regularly, over like 30 years,
30:11
and he was able to retire so much earlier than his friends,
30:13
even though he was earning a teacher salary.
30:15
And I remember him saying to us,
30:17
like, read Rich Dad Poor Dad,
30:19
and we got so excited.
30:21
Like let's uninvest in club, let's invest,
30:23
but then didn't know where to do it or how to do it,
30:25
and you know, just kind of fell aside.
30:27
But now I am.
30:29
And now I get it.
30:31
And I think you're right.
30:33
There's lots of people that aren't even there yet,
30:35
and you've got to be.
30:37
You ought to take the small ones, you know?
30:39
Exactly, exactly.
30:41
In other news,
30:43
Bitcoin is having a,
30:45
like, time in the sun,
30:47
holy hiker,
30:49
it is,
30:51
it reached $122,000,
30:55
US dollars, a coin,
30:57
last week,
30:59
which is an all-time coin.
31:01
I remember when 65,000 for a Bitcoin was like,
31:05
the highest Zeverbane.
31:07
Yeah, so it was in September,
31:09
it was in the 50s,
31:11
and now it's over 120.
31:15
It's people are loving Bitcoin at the moment,
31:19
and other cryptocurrencies,
31:21
and it's all around
31:23
this term that's,
31:25
honestly, the US has deemed this week crypto-week,
31:29
and it's because there's a lot of different acts
31:31
and legislations that are going through,
31:33
through the government right now
31:35
in order to make it.
31:37
I guess easier and more accessible
31:39
for people to invest in crypto.
31:41
So being, you know,
31:43
very, very supportive policies,
31:45
and so people are getting excited,
31:47
they're thinking this is kind of game-changing for Bitcoin,
31:49
and lots of other cryptocurrencies,
31:51
and it kind of coincides with what Trump said, right?
31:53
Like, he was like,
31:55
very supportive of crypto,
31:57
and yeah, it's...
31:59
I mean, he's got his own coin,
32:01
of course he's supportive of that.
32:03
Yeah, very self-doubted.
32:05
Have you got any money in crypto at the moment?
32:07
No.
32:09
You're not really a crypto girl, are you?
32:11
I like the whole brand of stuff to be honest.
32:13
I think we need to...
32:15
Because every time I hear this,
32:17
I'm like,
32:19
damn it!
32:21
And I think actually what we need to do is
32:23
as soon as there's time for we haven't heard crypto
32:25
or something for a while,
32:27
that is when we go invest.
32:29
Not when it starts making its way into the news.
32:31
So like, if you're hearing this and you're thinking,
32:33
I'm going to go invest in crypto.
32:35
I mean, fine,
32:37
but I, you know, investing when it's having a total boom
32:39
is it?
32:41
Well, that philosophy
32:43
is good for absolutely everything.
32:45
You know, if nobody's talking about Nvidia
32:47
or if nobody's talking about
32:49
the stock market
32:51
or it's exactly that saying,
32:55
oh my god, what is it when there's blood on...
32:57
Invest when there's blood on the streets.
32:59
Oh, no, it's like being greedy when...
33:01
Oh, being greedy when others are fearful
33:03
and being fearful when others are greedy.
33:05
I also remember ages ago used to use the saying,
33:07
you know, as soon as your taxi driver's talking about it,
33:11
like you should have already sold it.
33:13
And the idea behind that is not that taxi drivers
33:15
don't know what they're talking about.
33:17
It's the idea that if everybody has heard about it,
33:19
there's no one left to buy it
33:21
to push up the demand
33:23
for what it is that you've got.
33:25
Therefore, it's probably at the top.
33:27
And if it's only got one way to go,
33:29
that's probably down.
33:31
And it's like so true, right?
33:33
We haven't really heard
33:35
a whisper out of crypto world or bitcoin.
33:39
For ages.
33:41
And that's when we should have been buying.
33:43
And now everyone's getting excited
33:45
and we're talking about it.
33:47
Yeah. Maybe we should do like a...
33:49
I don't know what you call it,
33:51
an opposites podcast.
33:53
I actually think that's a good idea.
33:55
It should almost be like what's not being talked about right now.
33:57
Yeah, and maybe that's the headlines.
33:59
But what's not being talked about?
34:01
Maybe it's like reading between the headlines or something.
34:03
What are we seeing?
34:05
And then what does that mean for how we should be investing?
34:07
Because yeah, as you say,
34:11
like if gold's in the headlines,
34:13
then that's probably not reading between the headlines.
34:15
It's like what else is there?
34:17
That we haven't spoken about.
34:19
Which is probably where you should be putting some more attention
34:21
and potentially money.
34:23
Buying at the bottom of the curve.
34:25
Yeah.
34:27
Yeah, love it.
34:29
So, what does that mean then?
34:31
In terms of crypto, like...
34:33
Has the legislation been put through?
34:35
Was it just whispers of something that's going to be coming?
34:39
It's being put through this week,
34:41
so TBC.
34:43
But I think...
34:45
I think this is the start of...
34:47
If it goes through in the US,
34:49
that also opens the doors for lots of other countries
34:51
to put through a similar legislation.
34:53
I also think
34:55
it just is a massive metaphorical tick of approval
34:59
for the legitimacy of it.
35:03
Yeah.
35:05
And it becoming an actual,
35:07
invisible asset.
35:09
Because it sits outside.
35:11
It's not a share in a company.
35:13
It does kind of sit outside the regulations.
35:15
And I think that's also the beauty of it, right?
35:17
But I think there is a lot of companies
35:19
and a lot of places that are like,
35:21
you know what, we won't invest in crypto.
35:23
It's too speculative.
35:25
It's too risky.
35:27
Also keeping it like,
35:29
unregulated and flexible, if that makes sense.
35:31
So yeah, I think it's a big tick of approval.
35:35
And I think there could be...
35:37
It's going to open the doors for a lot of funds and money
35:41
that previously, perhaps,
35:43
weren't allowed to invest in crypto.
35:45
To invest in crypto.
35:47
And we saw this...
35:49
Remember when the first Bitcoin ETF was created?
35:51
And this opened up the doors for people who, you know,
35:55
tried to buy the direct cryptocurrency
35:59
off a crypto trading platform,
36:01
like Coinbase or something like that.
36:03
Whereas, with a Bitcoin ETF,
36:05
you can buy that now through
36:07
Shareses or through trading two and two
36:09
or any trading platform.
36:11
So it just opens up the world of
36:13
Bitcoin and cryptocurrencies
36:15
to people that previously
36:17
had these barriers or weren't interested
36:19
or it was too hard basket.
36:21
And so...
36:23
What are the regulations that have been put in?
36:25
What are the new things?
36:27
I knew you'd ask me that.
36:29
And I purposely took it out because I was like,
36:31
that is boring.
36:33
Is it boring?
36:35
Yeah.
36:37
Can you just give me a bullet point?
36:39
Like, is it essentially making it...
36:41
It's about classifications.
36:43
Right now, it is deemed a commodity,
36:47
not a security,
36:49
which means it comes under different laws.
36:51
If you flip that, then you have more accessibility.
36:53
Like, there's so many
36:55
legalities behind
36:57
investments,
36:59
particularly in the US.
37:01
And Trump's whole policy was to make it...
37:03
What does that make US
37:05
crypto capital of the world?
37:07
He's basically trying to make it more accessible.
37:09
That's the bottom line.
37:11
It's easy to buy this year.
37:13
You know, right now,
37:15
it's still quite difficult.
37:17
What about payments, right?
37:19
You also lead to it being a lot more accessible
37:21
in terms of paying for things like coffee and...
37:23
Yeah.
37:25
Speaking of coffee,
37:27
it was a good segue.
37:29
Nice, but she's good.
37:31
She's the little valor.
37:33
Oh, should I just keep going?
37:35
Not ask for a compliment.
37:37
Yeah.
37:39
The price of coffee.
37:41
You know, we're talking about how expensive things are.
37:43
Like, the price of coffee,
37:45
if you're feeling...
37:47
Like, what is your standard coffee
37:49
and how much would you pay?
37:51
It's about £390,
37:53
which is...
37:55
Oh, do you get 80s or something?
37:57
No, no, just like an O latte.
37:59
Oh, yeah.
38:01
So, it's not cheap.
38:03
Yeah.
38:05
I mean, I honestly have really been trying to
38:07
pull back on buying coffee.
38:09
I have been trying to switch a little bit more to
38:11
kick out, which is like a
38:13
non-caffeinated drink that I've
38:15
always loved. It's kind of more in the
38:17
community and I...
38:19
The amount that I pay to, like,
38:21
basically import, like, kick out
38:23
is the same price as what I would pay for a coffee
38:25
if I go out.
38:27
So, I'm like, I can't be doing that
38:29
and be buying coffee.
38:31
Sometimes I do.
38:33
And, like, this morning I've had about
38:35
three espresso's, but it was because
38:37
that was included in my stay here in Turkey
38:39
and our buffet breakfast.
38:41
But it's like, you know, £4 or £8
38:43
It's expensive, yeah.
38:45
I mean, I'm really...
38:47
I do not buy into the idea of
38:49
your coffee is making you're breaking the bank
38:51
and, again, you know, kind of back to what we were talking about
38:53
at the start. It's like, if your morning coffee
38:55
brings you so much joy,
38:57
then that should be prioritised
38:59
over other things, you know?
39:01
I'm exactly that.
39:03
I'm like, I...
39:05
I used to be every time I buy coffee out.
39:07
I'm like, Vic, why don't you make it at home?
39:09
And I was like, the joy I get
39:11
from my morning walk,
39:13
getting my coffee and starting my day like that.
39:15
Or even the break, you know,
39:17
mid-morning and going out and getting a coffee
39:19
with the team or whatever,
39:21
that, to me,
39:23
has so much more value
39:25
than that extra three, four pounds
39:27
in my bank account.
39:29
And I've added up
39:31
and I'd save maybe a couple of
39:33
a couple of thousand pounds, like not even that,
39:35
over the year.
39:37
And I was like, you know what?
39:39
Get that money elsewhere
39:41
than from my morning coffee,
39:43
if that makes sense, to make up that.
39:45
So anyway, you look for other things
39:47
to take out of the budget,
39:49
rather than...
39:51
Where is my parents?
39:53
Cannot understand why.
39:55
I reckon our parents' generation
39:57
and my grandma, like she absolutely
39:59
cannot understand
40:01
why people spend money on coffee.
40:03
It's just unfathomable to her.
40:05
Like, I remember I turned up to my parents' house.
40:07
I didn't get it until I got bought the coffees.
40:09
And I turned up.
40:11
And honestly, it was like
40:13
I had crashed the car or something.
40:15
Like, she was like, why did you buy me one?
40:17
I've just had...
40:19
And I was like, wow.
40:21
My life...
40:23
Here I was doing a nice teacher.
40:25
And I was like, also my...
40:27
It's not that big a deal if you don't want it.
40:29
I got the joy in buying it
40:31
and also dad will have it if you don't...
40:33
You know, it was quite funny how...
40:35
I mean, like, yeah, exactly.
40:37
But also, that's...
40:39
I reckon that's a generational thing.
40:41
Because the idea of having a coffee machine at home...
40:43
And then they had like three of them a day.
40:45
I don't know.
40:47
It's also buying flowers.
40:49
My parents are really anti-bying flowers.
40:51
So it was your sister.
40:53
I remember when we did a question box
40:55
and it was like,
40:57
things you don't value or something.
40:59
And she commented saying flowers.
41:01
And I was like, well, that's pretty funny.
41:03
Because that's exactly how your sister...
41:05
Like, shows love is buying flowers for people.
41:07
I love buying flowers for people.
41:09
I would also love to know the male equivalent.
41:11
Because I really struggle...
41:13
What to buy mean.
41:15
I think buying them flowers is really lovely.
41:19
I think that that should be not so feminine.
41:21
Yeah.
41:23
Maybe ask flower man.
41:25
Yeah, I mean.
41:27
It's literally his name.
41:29
It's literally his name.
41:31
But you should ask him.
41:33
If I bought you flowers, would you think it was cute or a waste of money?
41:35
I did buy them flowers the other day, actually.
41:37
What did he think?
41:39
And they got delivered to his hotel because there's a way.
41:41
Oh, that's really cute back.
41:43
And I was like,
41:45
he didn't text me.
41:47
Like, you know when someone gets their flowers,
41:49
I was like, oh my god, thank you so much.
41:51
And so I texted him.
41:53
I was like, hey, how are you?
41:55
Is that good?
41:57
It's like with your fishing rod out.
41:59
And everything arrived for you.
42:01
And then I was like, yeah, anyway.
42:03
And he was like, oh, sorry, I didn't even notice them.
42:05
I was like, okay, cool, awesome.
42:07
Last time I bought you flowers.
42:09
Oh, what? He didn't notice them?
42:11
What the hell?
42:13
Have they just been sitting in his hotel room when he got there or something?
42:15
Yeah, and so I spoiled the surprise.
42:17
But I was like, well, yeah, anyway.
42:19
Yeah, I'm a nice person.
42:21
You're such a nice person.
42:23
But yes, coffee, the price of coffee has gone up.
42:27
There are a lot of things.
42:29
There is a lot of droughts.
42:31
And obviously like climate change impact in crops.
42:35
So that means less supply of coffee beans, higher prices.
42:39
But also, Trump is slapping a 50% tariff on Brazil.
42:43
And Brazil controls 30% of the global coffee beans.
42:49
So we're going to expect that to go up even more.
42:53
Yeah, which is awesome.
42:55
Maybe following soda from our parents.
42:57
Yes.
42:58
Or maybe you could say the side hustle of importing cacao for everyone.
43:01
And we can all converse.
43:03
Oh, I mean, like, honestly, anyone interested in cacao let me know.
43:07
But I was awesome.
43:09
I really actually think it needs a rebranded.
43:11
Everyone goes for matcha, which look, sometimes can be yum.
43:15
Kind of tastes like dirt.
43:17
This is basically like a hot chocolate.
43:19
And you put cinnamon and maybe a bit of honey and nutmeg in it.
43:21
And it's so yum.
43:23
And you don't get the coffee crash.
43:25
And you feel like quite creative and loving.
43:28
Every time I have a cacao, I'm a nicer person.
43:31
No shit.
43:32
Every time I have a coffee, I'm more chaotic.
43:35
Have you heard of this new matcha?
43:39
Well, it's like a new Japanese tea.
43:43
And it's supposed to be the next big thing.
43:47
No.
43:48
It is.
43:49
So it's like matcha, but it tastes like coffee.
43:52
Oh, so weird.
43:54
I can't find the name of it.
43:55
But dammit.
43:56
But yes, it's a new thing.
43:59
So with these tariffs with the coffee.
44:02
Yes.
44:03
So what's happening?
44:05
So the prices are going to go up even more is what I'm saying.
44:09
They've gone up a bit.
44:11
They're going to go up even more because we've got more tariffs coming.
44:15
But to put that in perspective, the price of coffee,
44:19
yes, recently it's gone up.
44:21
But over the years, it's actually been,
44:25
it has gone up as much as a lot of other things in our lives.
44:29
If we wound back like 45 years, the price, I guess,
44:35
per pound of coffee beans is $3.21.
44:40
And that would actually be closer to about 13 pounds today if you adjusted for inflation.
44:47
And it's about eight pounds.
44:50
So like, it should be way more if we, if it had kept pace with inflation.
44:54
So it's actually been relatively, I guess, controlled in terms of its price growth.
45:00
It's just the last we while just increased, increased supply, more producers,
45:07
all of that.
45:09
Oh, that makes sense.
45:11
Because I guess, look, there's nothing secret about the fact that people spend money on coffee, right?
45:15
So I guess the idea that as soon as it started doing well, more popped up.
45:19
And the more of something is being produced, sorry, I'm not explaining this well,
45:23
but if something's being produced a lot by lots of different people,
45:25
you can be price competitive.
45:27
So do you think it's the fact that that's happened at the same time as prices increasing
45:31
means that it's kept at that bay from a price perspective?
45:35
Because there's so many different options in competitors and brands.
45:38
Whereas now that's unwinding, right?
45:40
There's a lot of suppliers that have been, their crops have been decimated
45:44
because of climate change.
45:46
And then we've also got this tariffs are now making it more expensive.
45:50
Sorry.
45:51
What's wrong?
45:53
So it's just having a scratch.
45:56
I can't hear her actually.
45:59
Oh, okay, sorry.
46:02
So yeah, price of coffee, but also coffee, you can invest in coffee.
46:06
So coffee is a commodity.
46:08
So just like gold, silver, milk, wheat, cotton, you know, you can invest in coffee.
46:15
So a way to I guess kind of like hedge yourself is, you know,
46:21
if you're paying more for coffee each day, maybe invest in like a coffee ETF or, you know,
46:29
coffee, yeah, a coffee kind of commodity or something.
46:34
But don't you think if there's all these tariffs going into place,
46:38
and then it's going to get more expensive?
46:41
Doesn't that mean it's not a particularly great time to be thinking about investing in coffee?
46:46
Wouldn't you want to invest if it's like, you know, got a clear road ahead for growth
46:51
and isn't being stifled by taxes and tariffs?
46:55
I guess, I guess a commodity is a bit different.
46:58
It's a bit more trading, right?
47:00
Like gold, for example, gold doing super well at the moment because the world's not
47:04
or seemingly, you know, a bit uncertain.
47:07
And then there'll be a time when gold will not do so well when the world is doing really well.
47:12
So commodities are a lot more cyclical.
47:14
So yes, there's times when you kind of get in and get out.
47:17
It's a bit of a different, I guess, trading approach to investing in shares.
47:22
But with coffee, like we were just saying, you know, what would be your tipping point
47:28
where you would stop buying coffee altogether?
47:31
I honestly don't like beer.
47:33
I don't think that people, I think because it adjusts so slowly in terms of how it increases.
47:40
I think everyone that loves coffee enough to right now be spending four pounds or eight dollars
47:45
or whatever on it is probably there's probably not a price cap
47:50
because it's an emotional purchase.
47:52
I think, well, I don't know, I could be wrong.
47:55
There must be a tipping point, right?
47:57
But whether it's, you know, another 20% or another 50%.
48:01
Like there's a lot of price elasticity, which means,
48:06
well, in the necessity, God, I'm really trying to bring in my economics,
48:10
which means, you know, you could increase the price of something
48:13
and the demand doesn't fall away.
48:16
So I quite like that price elasticity.
48:20
Yeah, so it means, in economics, it means like if the price of, I don't know,
48:25
broccoli goes up, then you might switch to courgettes, you know,
48:29
because broccoli is very little price elasticity.
48:33
Whereas, so inelastic pricing is like, say that you needed a new heart for whatever reason
48:39
and that doubled from 1,000 to 2,000.
48:42
You're still going to get the new heart transplant because you need it.
48:46
It's layered, yeah.
48:48
I mean, I think a new heart versus a cup of coffee,
48:53
probably need one more than the other, but yes.
48:57
I also wanted to touch on, before we wrap up, this thing called the taco trade.
49:03
Yeah.
49:04
Some people may have heard of this, some may not, but it's not about,
49:08
it's nothing to do with Mexico and it's not to do with guacamole and anything like that.
49:14
It is, it stands for, so the taco trade stands for Trump always chickens out.
49:22
And I love it.
49:25
I also love that there's a Mexican kind of connotation into the fact that he knows.
49:32
Anyway, it is the fact that, and we've seen this unfold,
49:36
it comes out with these bagel, dashes, kind of threats,
49:39
particularly around tariffs, and then wind some back and chickens out.
49:43
And so people are starting to trade on this stuff.
49:47
He's come out again, more recently with some more tariffs.
49:50
And people are like, you know what?
49:53
We kind of don't believe you.
49:56
It's like, you always chicken out.
49:59
And so, yeah, if you'd bought,
50:02
like if you, when he announced those tariffs back in April and you'd bought shares
50:06
because of a taco trade because you're like, you know what?
50:08
He always chickens out.
50:09
I'm going to take advantage of his opportunity of prices being lower.
50:13
You would have done very well.
50:14
So it's all around that and the fact that, you know what?
50:18
Trump always chickens out.
50:20
Do you know the thing that worries me about this is that as soon as it gets back to Trump,
50:25
he's going to has tiny little penis that's going to shrivel up and he's not going to feel very masculine.
50:29
And he's going to do something stupid and irrational.
50:32
And that's the thing that worries me because I think it's fine to think our taco trade.
50:38
But as soon as that becomes public and it hits his ego, that's where I'm like, oh God.
50:44
Yeah.
50:45
And there's also, there's also the, I guess the stock market element.
50:50
And there's the actual impact, right?
50:52
Like if he puts in tariffs, that's like, yeah, you actually don't remember that.
51:02
Well, we can't wait to that one out.
51:05
I was like, I was going to go down a rabbit hole and I was like, you know what?
51:09
That actually happens a lot.
51:11
That is one of the things that we added to it is like we start talking about something
51:14
and then it starts talking about something really complicated.
51:17
And I'm like, nah.
51:18
And now she started self centering.
51:21
Sorry, it's like a bigger conversation.
51:23
So I'm like, okay, maybe I'll say that for another time.
51:26
Yeah.
51:27
Because we don't want to happen last week and we start on a big conversation in the last two minutes.
51:33
Yeah, good idea.
51:34
Yeah.
51:35
So, yeah.
51:36
The one thing I do want to ask you about, because I did see this in your notes, was the La Boo Boo Bubble.
51:40
La Boo Boo.
51:41
Is it popping?
51:42
Has it popped?
51:43
What's the deal with that?
51:45
So a pop-up who owns La Boo Boo has just released that, well, sorry, it is expecting a 350% growth
51:56
in profit the first half of this.
51:59
No way.
52:01
All based on this La Boo Boo.
52:03
So, yeah, it was just a little anecdote in there going, wow, that is huge off one toy.
52:11
Yeah.
52:12
Yeah.
52:13
Sorry.
52:14
Is it public?
52:15
I can't remember.
52:16
Yeah.
52:17
Yeah, pop-up.
52:18
So you could have invested in pop-up.
52:19
Yes.
52:20
Yeah.
52:21
I'd love to know if anyone has invested in pop-up.
52:24
Yes.
52:25
And if you are, join the investing club's dad.
52:27
Please, give us.
52:28
Give us your ideas.
52:29
Yeah.
52:30
We need your review signs.
52:31
Yeah.
52:32
Actually, Vic, that could be a really, it could be a nice chance for you to talk about those,
52:37
the stocks that have done really, really well, because I saw something you wrote the other day.
52:42
I can't remember where I saw it.
52:44
And you wrote down like five or six investment ideas that you've talked about in the club,
52:49
and how they've gone, and I thought, holy shit, that's amazing.
52:52
I actually think I've got it here.
52:54
Because I actually don't think we've given this enough attention.
52:58
No.
52:59
Like, here we go.
53:00
Do a lingo up 100%.
53:03
Micro strategy, 180%.
53:06
Planet here, a 420.
53:11
Rocket lab, whatever.
53:13
Planet six.
53:14
Six.
53:15
That one.
53:16
I'm quite tired.
53:18
The Rocket lab one, up nearly 700%.
53:21
Like, are you joking?
53:22
That's insane.
53:23
Like, imagine if we're all invested in that when you first spoke about it in the club.
53:27
It's such amazing returns.
53:30
Thank you.
53:31
And that's obviously, I mean, no, that's amazing back.
53:34
But also, that is credit to other people in the community as well,
53:40
feeding those ideas in, because it's like, I'm only one person out there seeing the world how I see it.
53:46
And there's nearly a thousand people in there also seeing the world in a different way and bringing those ideas.
53:52
Like Ila Boo Boo to the table for the rest of the club to be an effort.
53:58
It's a collective effort.
54:00
It really is.
54:01
Yeah, very cool.
54:02
If anyone that wants to join the club will put the link in the podcast show notes.
54:07
And was there any other research or fun things that you wanted to touch on before we finish?
54:13
You did a lot of research for the episode and I am not sure if we covered it all.
54:17
I bought a new Kylie lip gloss.
54:21
Oh my god, what?
54:22
Let's see it.
54:23
Has this got anything to do with the best thing?
54:25
Has it done well?
54:26
No.
54:27
No.
54:28
Is she's not a public?
54:29
Is she her company?
54:30
I wonder what that would sell for if it sold like Rose, Hayley Bieber's brand.
54:34
Oh, it would be worth billions.
54:36
It did get me thinking.
54:38
If you have a following, like, gosh, it's such a...
54:42
No, okay.
54:43
So this is really interesting.
54:45
I know that episode I referenced earlier on this podcast with Grace Beverly and Emigrade.
54:50
Yes.
54:51
This is one of the things that they spoke about in this episode where Emma said,
54:55
I don't believe in influencer brands.
54:58
I think that it comes down to how good your product is.
55:00
She said, there's 40 million online creators that have over a million followers.
55:06
40 million.
55:07
She was like, that's a lot of people with a lot of influence.
55:10
And just because you have a huge following doesn't mean you can sell a product.
55:13
And the idea that you can sell it once, fine.
55:15
But repeat customers, it comes down to having a good product.
55:19
No, I agree with that.
55:21
And I thought that's quite interesting because we do often just say like,
55:24
oh, there are influencers, there are celebrity.
55:26
Therefore, they can sell anything or make a business out of anything.
55:29
They probably can once, but you're not going to have a profitable long term business.
55:32
If you have someone buy something, it's totally shit and they don't buy again.
55:36
No.
55:37
I guess what I'm meaning is that someone with zero followers...
55:42
Versus someone with a couple of million.
55:45
Like that's like a storefront, right?
55:47
You've instantly got a few million people coming into your store
55:50
that you can, that have eyeballs that can view your products.
55:54
It's like a lot of ingrams.
55:56
You've got a massive head start, I think is what I'm saying.
55:59
But you're right to continue that and to be profitable and sustainable year after year.
56:05
You have to have those repeat sales.
56:07
So yes, the product has to be good.
56:10
But to have that following as well is pretty helpful.
56:15
Well, if you could continue with your tech talk career,
56:18
at least really great.
56:19
I've got four and a half thousand views.
56:22
And I've got...
56:24
I've got 21 followers.
56:26
That's great.
56:28
That's kind of very...
56:30
Wow.
56:32
I'm very impressed.
56:35
Yeah.
56:36
Also, can I just...
56:37
I mean, I know this is...
56:38
I don't know if it's going to sound desperate or not.
56:40
But actually, for anyone that is listening to this
56:43
and enjoys our brand, like our podcast,
56:46
literally the best thing that you could ever do to help us
56:51
and to help us grow and to help the brand, you know,
56:54
be able to afford more people to help
56:56
and like work on this content
56:58
and actually build the curbs by doing things like sharing the podcast,
57:02
sharing social posts to friends.
57:05
Like, it is so helpful.
57:07
And I know in a world where you're oversaturated with content,
57:09
it can get really exhausting and you just feel like fed up.
57:12
But if you like what we do, that is honestly,
57:16
like the most helpful thing for us to grow.
57:19
Like follow the show, rate it, share it with a friend,
57:22
forward posts to people.
57:24
Like, it's actually really hard, I think,
57:26
in today's environment to get any kind of cut through and content.
57:29
There's just such an oversaturation.
57:32
I think one of us needs to go to a cold play concert
57:35
and have an affair.
57:37
Oh, my God.
57:40
I've been loving it.
57:42
So funny. I literally was this morning.
57:45
My sister was like laughing on the toilet.
57:47
And I was like, what are you laughing at?
57:49
And she came out and she was like, she showed me this meme.
57:51
And it was like, you know how I'm like done?
57:53
There's like the open to work.
57:55
Someone had put open to work over both of their faces
57:58
because obviously they've lost their jobs.
58:00
Honestly.
58:02
So for Ian on the mystery, I mean, you probably haven't,
58:04
by the time this podcast comes out.
58:06
You have to be living under a rock.
58:08
Yeah, it's honestly so funny, basically,
58:10
at the cold play concert, like the CEO in the top of HR
58:13
or something of this massive company.
58:15
You know how at football games they have the camera,
58:18
like pan to random people, they're like cuddling,
58:20
and one of them just kind of like drops backwards.
58:23
If they had just stood there,
58:25
and like, it wouldn't have gone viral,
58:27
it would never expect the virality that it has had.
58:31
Like the commy section.
58:33
What is the commy section I haven't read yet?
58:35
It's so good.
58:36
It's like conscious, and Chris Martin consciously
58:38
and couples a couple like it's.
58:40
And then what was it?
58:41
When you try your best, but you don't succeed.
58:44
And then it's like, oh, I think that's it's so good.
58:48
What's the general, like is it saying that they'll,
58:52
were they having an affair as in,
58:54
they were with other relationships?
58:56
Both and apparently.
58:57
Oh wow.
58:58
And then everyone's actually coming down on the girl
59:00
that was next to them just laughing,
59:02
being like, that's shit that she knew.
59:05
Oh no, she doesn't know.
59:07
She's laughing, like she knows.
59:09
Oh, yeah.
59:10
Oh come off it.
59:12
You don't know what fault if you're a friend
59:14
of someone that's having an affair.
59:15
You're not encouraging them to go into work the next day
59:18
if that was your company.
59:21
It would just, you would just never expect the virality
59:24
of that to go like the white, the children,
59:28
like, you've a year.
59:29
I'm just pretty bad.
59:30
It's so bad.
59:31
And then everyone's blaming us.
59:33
Oh my gosh.
59:34
And I'm like, oh my gosh guys,
59:35
like you were the ones doing the dirty,
59:36
like just accept it.
59:38
Yeah.
59:39
Doing the dirty.
59:40
Like doing the dirty.
59:42
Anyway, yeah.
59:45
I want, yeah, some virality would be great,
59:47
but not at that expense.
59:48
Yeah, don't go in like having a affair
59:50
with someone in the stock market or something,
59:52
maybe not.
59:53
So when in the stock market?
59:55
Oh, okay.
59:57
Noted.
59:58
All right.
59:59
Okay.
1:00:00
Okay.
1:00:01
Thank you.
1:00:02
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1:00:03
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