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Transcript

Under the (F)influence · She's On The Money

0:00
Speaker 1: Hello.
0:01
Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
0:05
Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we
0:08
Speaker 2: get started on She's on the Money podcast, I would
0:11
Speaker 2: like to acknowledge the traditional custodians of the land of
0:14
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
0:18
Speaker 2: the elders, the ancestors and the next generation coming through.
0:23
Speaker 2: As this podcast is about connecting, empowering, knowledge sharing and
0:27
Speaker 2: the storytelling of you to make a difference for today
0:31
Speaker 2: and lasting impact for tomorrow.
0:33
Speaker 1: Let's get into it.
0:34
Speaker 3: She's on the Money, She's on the Money.
0:57
Speaker 4: Hello, and welcome to She's on the Money, the podcast
1:00
Speaker 4: for millennials who want financial freedom. Welcome back to another
1:04
Speaker 4: episode that is actually a little bit rogue. Today, Miss
1:08
Speaker 4: Jessicarci and I are sitting here with Vince Scully and
1:12
Speaker 4: Queenie from invest With Queenie.
1:14
Speaker 1: Hi, guys, Hello.
1:16
Speaker 5: Hello, thank you so much for having me on the pod.
1:19
Speaker 6: Thank you, It's great to be here.
1:20
Speaker 4: Jess and I are so excited to have this chat
1:23
Speaker 4: because after the influencer blow up last year, there is
1:27
Speaker 4: just a lot to decipher, but before we get there, Jess,
1:30
Speaker 4: you said before guys, I have a really important question
1:32
Speaker 4: that I want to get you at the start of
1:34
Speaker 4: the episode.
1:34
Speaker 1: What was it For.
1:35
Speaker 7: Those of us who are not so much in the
1:37
Speaker 7: financial space, Can someone please explain to me what a
1:40
Speaker 7: licensee Eve it is.
1:41
Speaker 6: Everybody who provides financial services needs to have a license
1:46
Speaker 6: which is issued by the Australian Securities and Investment Commission
1:51
Speaker 6: ASSE which fourthoughwise known as ESSEN not the shoe, not
1:53
Speaker 6: to be confused with the shoes. And there are two
1:56
Speaker 6: types of license. There's an Australian Financial Services license, which deals
1:59
Speaker 6: with all the traditional financial products like super bank deposits, investments, insurance.
2:06
Speaker 6: And there's a thing called an Australian Credit license, which
2:08
Speaker 6: deals with credit cards, home loans, personal loans.
2:12
Speaker 1: I've got both, and.
2:15
Speaker 6: Most people who operate industry work under somebody else's license,
2:19
Speaker 6: So you didn't have a license yourself, or you can
2:21
Speaker 6: work as a representative of someone who does have a license.
2:24
Speaker 5: It's a really nice segue to the fact that what
2:26
Speaker 5: do you do.
2:27
Speaker 6: I run a business called Life Shopper, which is a
2:31
Speaker 6: online financial advice service focused on the needs of younger
2:34
Speaker 6: Australians and we have a financial services license and a
2:39
Speaker 6: credit license, both held by a sister company called money Shepper,
2:44
Speaker 6: and we operate our advice business under the Life Shopper brand,
2:48
Speaker 6: which is a representative of money Shepper.
2:51
Speaker 7: And do you license anyone interesting finis?
2:53
Speaker 6: We do? We?
2:55
Speaker 5: Did you ask Jessica?
2:58
Speaker 6: That was a good segue? I could ride that segue
3:01
Speaker 6: all the way to the restaurant, and yes so we
3:06
Speaker 6: as well as licensing our own business, we license a
3:09
Speaker 6: number of influences, including Victoria Devine and she's on the
3:14
Speaker 6: money and.
3:18
Speaker 5: So exciting.
3:19
Speaker 1: Queenie, you're new around here.
3:21
Speaker 5: I am.
3:22
Speaker 8: I am really happy to be here. It took a
3:25
Speaker 8: while to get it all down, pat, but we're here
3:27
Speaker 8: now and I'm just so happy because, honestly, Vince, Victoria,
3:31
Speaker 8: it's just so nice to have this community. And we
3:34
Speaker 8: all do different things, but I think we all have
3:36
Speaker 8: the same mission, which is so lovely.
3:38
Speaker 4: The thing I want to talk about with you guys
3:40
Speaker 4: today is really about.
3:42
Speaker 1: Who do we trust in this industry, Who do we
3:44
Speaker 1: talk to?
3:44
Speaker 4: Who do we look at when we want to talk
3:46
Speaker 4: about financial literacy and creating wealth and what investing is
3:50
Speaker 4: and how that works. Because there's so many different conflicting
3:54
Speaker 4: opinions that fly around. I mean, the media has made
3:57
Speaker 4: it out to be the scariest thing in the end
4:00
Speaker 4: higher world, but I feel like it's not scary. We
4:03
Speaker 4: just need clarity, and what provides clarity is often licensing.
4:06
Speaker 4: I feel like the media really catastrophizes this and it's
4:10
Speaker 4: like the rise of the influencer and then it's the
4:12
Speaker 4: fall of the influencer, when in reality, I genuinely believe
4:16
Speaker 4: that everyone in this space should be and usually is
4:20
Speaker 4: here because they just want people to be financially literate, right,
4:23
Speaker 4: And so I guess that's why we should start the
4:26
Speaker 4: conversation not around who usually trust, but like why are
4:29
Speaker 4: we here?
4:29
Speaker 1: What are we passionate about? Queenie, how did you get
4:32
Speaker 1: into this finance space?
4:33
Speaker 8: Ohly said, it's so well.
4:35
Speaker 5: I love it.
4:35
Speaker 1: I love that.
4:36
Speaker 8: Thank you so much for having me. How did I
4:38
Speaker 8: get involved? So it was locked out? And I think
4:42
Speaker 8: we can all remember those times I was working from home.
4:45
Speaker 8: I was working for a fintech startup. Decided this new
4:49
Speaker 8: job and we started working from home, and I was
4:53
Speaker 8: really really scared because I felt in the company it's
4:56
Speaker 8: a startup, we were spending more money than we were
4:59
Speaker 8: making us startups do, and we kind of knew there
5:03
Speaker 8: could be some layoffs and I just thought, oh my gosh, it's.
5:05
Speaker 5: Going to be me.
5:08
Speaker 1: Yeah exactly.
5:08
Speaker 4: I was like, Oh God, that's what they say, right,
5:11
Speaker 4: so that makes you really scared.
5:12
Speaker 1: I was so scared.
5:14
Speaker 8: And then we did this meeting, and in the meeting
5:19
Speaker 8: we found out that yeah, twenty percent of our company
5:22
Speaker 8: got let go, but I wasn't one of them. Oh
5:25
Speaker 8: I kind of wish I was, because it was awful.
5:28
Speaker 5: I would have kept you to so good.
5:30
Speaker 8: But I felt awful, you know, like just that feeling
5:33
Speaker 8: like pretty much everyone that I met on that day
5:36
Speaker 8: that I was.
5:37
Speaker 5: Working with a job, yeah, we're not there.
5:39
Speaker 8: And I was like wow, And I felt really lucky
5:42
Speaker 8: because I even though I was able to keep my
5:46
Speaker 8: job during that period, I knew that even if I
5:49
Speaker 8: did get let go, like, I wouldn't have needed that
5:52
Speaker 8: job because I had emergency savings and queens.
5:56
Speaker 1: Maybe that's why I call you queeny things.
5:58
Speaker 8: And I also had, you know, just purchase the apartment
6:01
Speaker 8: that I was living in. And I was like, Wow,
6:03
Speaker 8: how lucky am I to have this financial stability when
6:07
Speaker 8: just a couple of years ago, I had nothing, and
6:10
Speaker 8: that little Queenie back then would have been feeling so
6:13
Speaker 8: bad about herself, you know, if this happened and if
6:16
Speaker 8: she lost her job. So I just wanted to create
6:18
Speaker 8: videos to little Queenie back then or anyone that's going
6:21
Speaker 8: through a rough time, just to give people hope and
6:24
Speaker 8: say even if you're in a bad situation, now, it's
6:27
Speaker 8: not forever and you can get through it.
6:29
Speaker 4: Yeah, oh my gosh, that is literally so wholesome. But
6:32
Speaker 4: what was your pivot point into you know, you said
6:35
Speaker 4: you bought your first apartment. You said that, you know,
6:37
Speaker 4: you were financially secure. Most of my community would be
6:41
Speaker 4: listening to this going what do you mean, how did
6:43
Speaker 4: you get into that? What was that change for you
6:46
Speaker 4: from you know, not having what you said, not having anything,
6:49
Speaker 4: to you know, having an apartment, having emergency savings, being
6:52
Speaker 4: in a financially secure position.
6:54
Speaker 8: I think the tipping point was reading The Barefoot Investor,
6:59
Speaker 8: And I think.
6:59
Speaker 1: A lot of people such a good stuff for such.
7:01
Speaker 8: A good starting point, and it kind of it opened
7:04
Speaker 8: my eyes to the possibility of having stability and not
7:08
Speaker 8: being at a job and real thinking that you need
7:11
Speaker 8: that job, and you know, just kind of like living
7:14
Speaker 8: to survive, you could actually live and thrive with money,
7:17
Speaker 8: and that was a good mindset. Then I started on
7:20
Speaker 8: my snowball of personal finance.
7:22
Speaker 1: FeAs there's literally snowballs right exactly, there.
7:24
Speaker 8: Are so many, and I was just consuming all the
7:26
Speaker 8: content and little by little the savings started to grow,
7:30
Speaker 8: you know, festivals five dollars and then eventually one thousand dollars,
7:34
Speaker 8: five thousand dollars started investing and I was like, oh
7:37
Speaker 8: my gosh, I've never had this much money in my life,
7:39
Speaker 8: Like it's amazing, And yeah, I really think that it
7:42
Speaker 8: starts small, but it can it can build up.
7:45
Speaker 4: You guys are so transparent on your platform, so you
7:48
Speaker 4: and your fiance create a lot of content together, and
7:51
Speaker 4: I've seen a lot of your videos where you're like,
7:53
Speaker 4: this is how much we earn, this is how we
7:55
Speaker 4: spend it, this is where we generate our revenue. How
7:58
Speaker 4: did you become comfortable to share such intimate information.
8:02
Speaker 8: Well, it's a bit awkward at the beginning because I'm
8:06
Speaker 8: scared people will judge, and you know, people don't really
8:09
Speaker 8: like talking about money. But I think slowly I have
8:13
Speaker 8: started to I want to talk about it more because
8:16
Speaker 8: I think that genuinely pay transparency, talking about how much
8:20
Speaker 8: people get paid. That's how it's just going to be
8:23
Speaker 8: more fair for everyone. And I'm prepared to be that person.
8:26
Speaker 1: To maybe, you know, take one for the team.
8:30
Speaker 8: Yeah, because if you're not talking about your pay, or
8:32
Speaker 8: if people don't know how much anyone's getting paid, I
8:35
Speaker 8: think it's way more likely that some people can be
8:37
Speaker 8: underpaid for what they're doing.
8:40
Speaker 5: So I think it's important those hide exactly exactly.
8:45
Speaker 1: It is very instick, is that what you're up to?
8:46
Speaker 1: Vince over there in the blue.
8:48
Speaker 6: Chair, in the blue chair, the sheppert Teel chair.
8:50
Speaker 1: The sherpet Teal chair.
8:51
Speaker 4: Sorry, sorry, I think it's interesting because obviously we've got
8:55
Speaker 4: content creators on this side of the table, and then
8:57
Speaker 4: we've got Vince, who big dog.
8:59
Speaker 1: Vince is our license we.
9:01
Speaker 4: Do we do content too, we do content too, but
9:03
Speaker 4: you're like the big dog license.
9:05
Speaker 2: See.
9:05
Speaker 4: I was about to say, what's your experience in content creation?
9:09
Speaker 1: Because you're the legit one in the room at the moment.
9:11
Speaker 6: I mean just because I've got the certificate.
9:13
Speaker 1: Yeah, yeah, you're you're currently really legit legit.
9:17
Speaker 6: I mean that's really interesting. I mean, we have a
9:20
Speaker 6: as a country the benefit of having some laws that
9:24
Speaker 6: protect people from rogue.
9:26
Speaker 1: Content, which is amazing.
9:29
Speaker 6: I mean, you and I have been to conference in
9:31
Speaker 6: the US, which is a bit of a wild West
9:33
Speaker 6: when it comes to content. Anyone who says I paid
9:38
Speaker 6: off fifty thousand dollars in consuming it, therefore I'm a
9:40
Speaker 6: financial expert.
9:42
Speaker 4: Actually that was wild We can talk about that in
9:44
Speaker 4: a hot second.
9:45
Speaker 6: We can lots of hot seconds here, and so we
9:47
Speaker 6: have regulations that seek to protects as consumers from rogue content.
9:55
Speaker 6: And just today there was an influence or finl and
10:00
Speaker 6: soon or content creator, whatever you want to call him,
10:02
Speaker 6: got sent to.
10:03
Speaker 1: Jail for first one in Australia.
10:06
Speaker 6: Yeah, so that's all good, and it should help people
10:11
Speaker 6: make an assessment of the quality of the content that
10:17
Speaker 6: they're seeing and whether they should pay attention to it.
10:19
Speaker 6: But of course, you know, I think we can difference
10:21
Speaker 6: it between entertainment, which should be fun, and content that
10:27
Speaker 6: we're going to treat as advice. I mean, you know
10:31
Speaker 6: Dave Ramsey, I could listen to him all day as entertainment,
10:35
Speaker 6: but I'd never take financial advice from him. Yeah, and
10:39
Speaker 6: he's the US's was highly paid radio personality So it's
10:45
Speaker 6: really about how do we know what content is good
10:48
Speaker 6: and what's entertainment and we should be able to differentiate
10:53
Speaker 6: between the two.
10:54
Speaker 4: Yeah, and I think everyone's heart is in the right place, right,
10:57
Speaker 4: Like if you pay off fifty thousand dollars worth of
10:59
Speaker 4: personal it to your example, and then you want to
11:02
Speaker 4: empower other people to do it, like, that's beautiful, that's
11:05
Speaker 4: so nice. I want you to do that. But just
11:08
Speaker 4: because as certain circumstance worked for you doesn't mean it's
11:11
Speaker 4: going to work for someone else. And that's where I
11:13
Speaker 4: think we end up running into trouble. Jess, you're hanging
11:16
Speaker 4: out here. Hello, You're not a finance content creator, but
11:19
Speaker 4: you happen to work for a finance podcast, and you're
11:23
Speaker 4: also a content creator in your own right. You have
11:25
Speaker 4: your own platform, you're on Instagram, you're a YouTube channel
11:28
Speaker 4: where you talk about like fashion and beauty, and you've
11:30
Speaker 4: like dabbled in savings. But it's not really I would
11:32
Speaker 4: say the pillar of the content that you create. How
11:36
Speaker 4: do you feel when it comes to money versus content creation?
11:40
Speaker 4: And where that line exists for someone who's maybe not
11:43
Speaker 4: in the same sphere as the other three of us.
11:46
Speaker 7: I think that for me, as someone who before I
11:49
Speaker 7: worked for Shes and the Money, I was consuming money content.
11:51
Speaker 7: That's how I was listening to Shees on the Money.
11:53
Speaker 7: That's how I got out of debt. So I was
11:54
Speaker 7: consuming a lot of content from a lot of people
11:56
Speaker 7: at the time. I think the line for me is
11:59
Speaker 7: that there's a big deal friends between saying to someone,
12:01
Speaker 7: here's some tips on how you can be better with
12:04
Speaker 7: your money. Here taken save money at the grocery store.
12:07
Speaker 7: Here's how I find the best deals online, versus when
12:11
Speaker 7: we're talking about investing, when we're talking about insurances, when
12:15
Speaker 7: we're talking about superannuation, those things.
12:19
Speaker 5: If you consume the wrong.
12:20
Speaker 7: Advice and you take it to heart and you implicate,
12:24
Speaker 7: it has the potential to derail your financial future if
12:28
Speaker 7: you take advice that is really poor or even just
12:30
Speaker 7: partially poor, or if you don't understand what you're doing.
12:34
Speaker 7: You know, I think I saw a lot of people
12:36
Speaker 7: at one point talking about self managed super funds and
12:39
Speaker 7: how you know, at one point I.
12:41
Speaker 1: Just love self managed super funds.
12:42
Speaker 6: So I used to make a very good living.
12:44
Speaker 7: Don't have to shut mine don for people talking about
12:47
Speaker 7: how oh I have you know? Ermes bags in my
12:50
Speaker 7: self managed super fund, or you know, I put my
12:53
Speaker 7: house in my and it sounds great in theory.
12:55
Speaker 5: I love ands, but I could pay for like fantastic.
12:58
Speaker 7: However, if you're making those two and an uneducated person
13:01
Speaker 7: is making those choices and they do it incorrectly, you
13:05
Speaker 7: could end up in a position where you have no
13:07
Speaker 7: money to retire on. And that is a huge difference
13:09
Speaker 7: between point A and point B, which I think really
13:13
Speaker 7: separates that kind of quote unquote advice from you know,
13:17
Speaker 7: the things that once in a while myself or other
13:20
Speaker 7: people have dabbled in being like, oh, he's had to
13:21
Speaker 7: get a good bargain and a sale. I think that's
13:24
Speaker 7: the real line in the sand for me. And last
13:27
Speaker 7: year we saw a lot of uproar, and the three
13:29
Speaker 7: of us included, and I think maybe Queenie, this was
13:31
Speaker 7: the push for you when ASIK, which is.
13:34
Speaker 6: This Securities and Investments Commission, that's the one thank you.
13:39
Speaker 6: Not to be confused with the shoes of the same note.
13:42
Speaker 7: I don't want our own a pair of assets and
13:43
Speaker 7: I love them, but they came out with some clarifications
13:47
Speaker 7: around existing laws and the reason there was so much
13:50
Speaker 7: uproar in the industry was because those laws existed before
13:55
Speaker 7: social media existed in the way that it does and
13:57
Speaker 7: before people were making a living off social and so
14:00
Speaker 7: it really again kind of highlighted that line in the
14:03
Speaker 7: sand between people who were licensed and were qualified so
14:08
Speaker 7: to speak, to talk about those kinds of products and
14:11
Speaker 7: people who have baby taught themselves or figured it out
14:14
Speaker 7: on their own, which is fantastic, but they're not necessarily educated.
14:19
Speaker 7: More broadly, and potentially we're putting people in a harmful position.
14:23
Speaker 4: I feel like with the rise of social media, like
14:26
Speaker 4: if we go back twenty years, getting information and getting
14:29
Speaker 4: advice from people who were not educated in the space.
14:33
Speaker 1: Wasn't easy to do.
14:34
Speaker 4: Like finding people on social media obviously becomes this transactional
14:38
Speaker 4: And I would argue pseudo relationship where I feel like
14:42
Speaker 4: I know Queenie, like we've met before in person a
14:44
Speaker 4: number of times, but I feel like I deeply know
14:47
Speaker 4: Queenie because I absorb all of her content. I think
14:50
Speaker 4: I know her, but that's only the content that she
14:53
Speaker 4: puts online, So I don't actually have a clue what
14:55
Speaker 4: Queenie is like behind the scenes, right, And I think
14:58
Speaker 4: that that's where we're running into try trouble because Queen
15:01
Speaker 4: is so nice, she's the best person. Have you seen
15:03
Speaker 4: her tips? Oh my gosh, I keep up with all
15:05
Speaker 4: of them. So all of a sudden, I feel like
15:07
Speaker 4: I'm falling down a rabbit hole where I've trusted everything
15:11
Speaker 4: you've ever said to me. So if you came to
15:13
Speaker 4: me with a cryptocurrency investment scheme, I'd be like, well,
15:16
Speaker 4: Queen's doing it, and.
15:17
Speaker 1: Queen's really wish you would.
15:20
Speaker 4: You would never, But like that's the power that people
15:23
Speaker 4: in these positions hold, and as we've seen abuse.
15:27
Speaker 6: And that's the difference between pre social media when you
15:31
Speaker 6: saw you read Porklithrow or Peter Thornhill in the paper,
15:36
Speaker 6: in the Sunday Paper, and you didn't have that apparent
15:39
Speaker 6: insight into who they are, whereas if you see someone
15:43
Speaker 6: on TikTok or Instagram or YouTube, it feels much more intimate.
15:49
Speaker 6: So it's so much easier to build this sense of
15:54
Speaker 6: trust which can get abused. And we've seen that in
15:57
Speaker 6: the US with all those crypto things. You know, when
16:00
Speaker 6: FTX fell over, all the big names were implemented from
16:04
Speaker 6: Graham stepping down.
16:06
Speaker 1: Not Taylor Swift. Yeah, the queen was smart, Yeah, she was, and.
16:13
Speaker 6: So that how do you make sure that that trust
16:17
Speaker 6: doesn't get abu used and broken?
16:21
Speaker 7: And that's what those regulations were trying to manage, and
16:23
Speaker 7: arguably they did it very poorly because they were written
16:27
Speaker 7: by people who simply don't really understand how the space works.
16:31
Speaker 7: But it potentially is leading to more regulation, which is
16:34
Speaker 7: a positive thing if it doesn't lock people out. It's
16:37
Speaker 7: such a hard line, isn't it.
16:38
Speaker 4: It's a hard line to I guess toe because as
16:42
Speaker 4: somebody who at the time that that uproar was happening,
16:45
Speaker 4: I was a licensed personal financial advisor, and I looked
16:49
Speaker 4: at it and said, great, all these influences that I
16:52
Speaker 4: have been looking at for so long and now going
16:54
Speaker 4: to be held to exactly the same standards that I'm
16:57
Speaker 4: being held to when it comes to content creation. And
17:00
Speaker 4: from my perspective, I was like, that makes sense, because
17:03
Speaker 4: that's putting our community.
17:05
Speaker 1: In the best possible position to not be abused.
17:08
Speaker 4: But I think it was the first time influencers or
17:12
Speaker 4: people who create finance content had really considered the impact
17:17
Speaker 4: of what they were doing, because the impacts of you know,
17:21
Speaker 4: giving bad financial advice, and you know, as someone who
17:24
Speaker 4: was licensed if I breached my license, it's five years
17:26
Speaker 4: in jail and a million dollar fine.
17:28
Speaker 1: It's not little.
17:29
Speaker 4: It's a very, very big thing that if you're a
17:32
Speaker 4: financial advisor you take really seriously. You don't study for
17:35
Speaker 4: as long as you study and go through all of
17:37
Speaker 4: the exams and go through all the headaches so that
17:39
Speaker 4: you can write sooas because you love them. You do
17:41
Speaker 4: it because you want people to be in the best
17:43
Speaker 4: possible position. So you do want to uphold the ethics
17:45
Speaker 4: of that education platform, right, But I don't think that
17:49
Speaker 4: going back to that person you made an example of before,
17:52
Speaker 4: who said I got out of fifty thousand dollars worth
17:54
Speaker 4: of debt, you can too, they haven't thought about those
17:57
Speaker 4: implications that are a part of, you know, the code
17:59
Speaker 4: of ethics as a financial advisor, because why would you
18:02
Speaker 4: have thought of that. Who's put the code of ethics
18:05
Speaker 4: in front of you, Who's taught you about all the
18:07
Speaker 4: different strategies that could exist to get out of that
18:10
Speaker 4: fifty thousand dollars worth of debt?
18:11
Speaker 1: Have they looked at the bigger picture?
18:13
Speaker 4: Have they taken into consideration all the other options that
18:16
Speaker 4: that person has on the table. So I think it's
18:18
Speaker 4: one of those things where it was such an uproar
18:21
Speaker 4: because people didn't actually realize how significant the ramifications were
18:26
Speaker 4: if you were in breach of a license, because they
18:28
Speaker 4: weren't new rules. There were the rules that I'd been
18:30
Speaker 4: held to for my entire career twenty two years.
18:33
Speaker 1: Exactly.
18:34
Speaker 4: How did you feel the into someone who licenses other
18:37
Speaker 4: people but also carries a license creates content yourself.
18:40
Speaker 1: How did you feel when that was interesting?
18:42
Speaker 6: Yes, I'm sure I'd been with mentioned other podcast. You
18:46
Speaker 6: can mention other podcastion the My Millennial Money.
18:49
Speaker 7: Oh, we talk about them all the times we had.
18:53
Speaker 6: I've been working with Glenn for a couple of years,
18:56
Speaker 6: so he's been a representative of lature for a couple
18:58
Speaker 6: of years. Now. Now it's us clean and.
19:01
Speaker 8: You've glowed up, glowed up.
19:09
Speaker 6: That was partly the result of an assic inquiry of it.
19:12
Speaker 1: I think I can say that, Oh, he's talked about that.
19:16
Speaker 6: We work together to work out, well, how do we
19:18
Speaker 6: actually make this work in a social context because traditional
19:24
Speaker 6: license holders just don't necessarily understand the differences between the
19:31
Speaker 6: traditional sitting one on one in a room or at best,
19:35
Speaker 6: sitting in a seminar.
19:36
Speaker 1: Room with three D four new platform.
19:39
Speaker 6: This is all new and it's much more dynamics. So
19:41
Speaker 6: you can't run a post by a committee over two weeks.
19:47
Speaker 6: I mean not only doesn't lose its time in this,
19:49
Speaker 6: but it also loses its spark of originality. So if
19:52
Speaker 6: you start designing posts by committee, you're going to lose
19:57
Speaker 6: the essence of what makes they cut it back, what
20:00
Speaker 6: makes v DVD or what makes Queenie Queenie. And so
20:05
Speaker 6: that was an experience that we hold that over those
20:09
Speaker 6: two years. So we've been doing that before the whole
20:12
Speaker 6: ACIC thing blew up, and that was where people stopped
20:17
Speaker 6: going yeah, sure, lying sure things, Yes I know I
20:19
Speaker 6: need a license, sure short short and now acid went well,
20:24
Speaker 6: now everyone believed, well, actually you do, and so some
20:27
Speaker 6: people pulled out completely coming. There's a few very high
20:29
Speaker 6: profile anonymous bloggers who stopped blogging shut down their Facebook
20:34
Speaker 6: groups when this all blew up rather than embrace the
20:39
Speaker 6: discipline of licensing, and others have embraced it. So it's
20:44
Speaker 6: only a growing cohort. We a lifshop are very keen
20:47
Speaker 6: on growing that because we see it as an opportunity
20:51
Speaker 6: to deliver money, skills education to more people in a
20:58
Speaker 6: much more enjoyable, friendly, relatable way then the traditional you
21:04
Speaker 6: must do this. You must not drink your last ache
21:07
Speaker 6: if you down, you must stop eating spash taper character.
21:09
Speaker 4: Well, you could afford a house if you stopped doing
21:11
Speaker 4: those things, so maybe you should you could.
21:15
Speaker 1: Yeah, well that's where we're falling short.
21:16
Speaker 4: Honestly, Queenie, I guess that pivots the conversation back to you,
21:20
Speaker 4: because when all of this happened, I guess I was
21:23
Speaker 4: really excited about it because I was a licensed financial
21:26
Speaker 4: advisor and I felt like these changes were the best
21:29
Speaker 4: thing for the community to put them in the best
21:31
Speaker 4: possible position, and now everyone's going to be held to
21:34
Speaker 4: the same standards I was.
21:36
Speaker 1: So I was very excited.
21:38
Speaker 4: But you were in the position where you had to
21:40
Speaker 4: consider getting a license, and there were a lot of
21:43
Speaker 4: influencers who, as Vince said, left the market. There were
21:46
Speaker 4: a lot of people who I know are still kind
21:49
Speaker 4: of in that limbo stage where they're like, I will,
21:51
Speaker 4: but I won't. What prompted you to get a license?
21:54
Speaker 4: And furthermore, why was it with Vince.
21:58
Speaker 6: Of all the people.
22:02
Speaker 4: I say about my own licensee who I know and love, Yeah.
22:06
Speaker 5: Oh I love it, and great question.
22:08
Speaker 8: I think that Well, for one, I am super passionate
22:12
Speaker 8: about it, and I think it was the first thing
22:15
Speaker 8: that I've actually done in my life where I just
22:18
Speaker 8: felt like it was the right thing, Because when I
22:21
Speaker 8: started creating content on social media, it wasn't to make
22:27
Speaker 8: a huge amount.
22:27
Speaker 5: Of money, although in the back of my mind I
22:29
Speaker 5: thought that would be.
22:30
Speaker 8: Pretty cool if I did, But it was really just
22:33
Speaker 8: because I wanted to help people and help people be
22:36
Speaker 8: more hopeful about their finances. So yeah, I just felt
22:40
Speaker 8: like I was actually doing it for the right reason,
22:42
Speaker 8: So that's why I wanted to continue. Obviously, it was
22:45
Speaker 8: a really scary time and I was like, oh my gosh, like,
22:47
Speaker 8: what's going to happen. I don't know what's happening?
22:50
Speaker 4: Terrifying, Right, Were you involved in that webinar that Asai Karan?
22:54
Speaker 1: That was one of the scariest times.
22:57
Speaker 4: I mean, I thought they were going to come for
22:59
Speaker 4: me after that because I was relatively vocal. Were But
23:03
Speaker 4: it was interesting, But I think that put the fear
23:06
Speaker 4: of God into everybody, which.
23:09
Speaker 5: Seems like their intention really didn't that.
23:11
Speaker 6: But unless you didn't turn up to it with a
23:13
Speaker 6: picture Warren Buffett.
23:14
Speaker 4: Or did did you see the recording, somebody who was
23:18
Speaker 4: told not to record.
23:20
Speaker 6: I was there, but somebody would remain nameless turned up
23:23
Speaker 6: with a picture Warren Buffett on their wall behind their camera.
23:27
Speaker 6: I'm not an influencer.
23:29
Speaker 4: I die.
23:30
Speaker 1: I know exactly who we're talking about, Vince.
23:37
Speaker 4: You license people like Queenie and myself, and obviously we
23:42
Speaker 4: are very different in the types of content that we create.
23:45
Speaker 4: I mean, we exist in the same sphere. I think
23:48
Speaker 4: we connect really really well. However, it's a risk for
23:53
Speaker 4: somebody like you to go doin know what, I'm going
23:56
Speaker 4: to put myself out there as a licensee because it
23:59
Speaker 4: is a risk because essentially, when you enable somebody else
24:02
Speaker 4: to operate under your license, you're responsible us.
24:05
Speaker 6: I'm responsible for every word that you say exactly. That
24:08
Speaker 6: does make very nomous.
24:09
Speaker 1: Yeah, I would be some of it, exactly.
24:13
Speaker 4: But what does your I guess thought process look like
24:15
Speaker 4: when it comes to licensing people like Queenie and I
24:19
Speaker 4: And what about the people that I know have potentially
24:22
Speaker 4: approached you and you've been like, look, this is the
24:24
Speaker 4: type of content I support, and this is the type
24:27
Speaker 4: of content that maybe isn't the right fit for my brand.
24:30
Speaker 6: Yes, so there's I mean, if you look at the
24:32
Speaker 6: group so far, obviously got Queenie, she's on the money
24:35
Speaker 6: Manel and your Money and film Muscatella and shares for beginners.
24:40
Speaker 6: Very different. I mean she feels got very much a
24:44
Speaker 6: holder audience. Yeah, absolutely, a probably a wealthier audience. So
24:47
Speaker 6: wide variety of content and audience, and that's really a
24:51
Speaker 6: bad saying. Can we identify a group of people who
24:59
Speaker 6: are anxious of their obligations, are aware of who their
25:04
Speaker 6: audience is and how can they can be best looked
25:07
Speaker 6: out to, and are broadly aligned in messaging, So we
25:13
Speaker 6: wouldn't license someone a cryptospooker for example, of course, and
25:18
Speaker 6: of course there are some limits on our license, so
25:20
Speaker 6: we don't have a license for derivatives. So if you're
25:22
Speaker 6: spooking running an options trading podcast, we can't do that.
25:28
Speaker 6: Cancel it. But it's really about having a network of
25:34
Speaker 6: creators who together make up more than we do individually.
25:40
Speaker 6: And so it's a combination of content collaboration and aligned
25:47
Speaker 6: message and a sense that the creator has a sense
25:53
Speaker 6: of their obligations. So we don't really want to be
25:57
Speaker 6: in the business of reviewing every post goes out because
26:01
Speaker 6: that doesn't work for anybody.
26:02
Speaker 9: No, we need confidence that that person doing it is
26:07
Speaker 9: aware of what they need to do, which we can
26:09
Speaker 9: obviously help with and doing some post facto review. But
26:15
Speaker 9: by bringing the onboarding properly and knowing who the right
26:19
Speaker 9: people are, we can manage that risk. But it's not
26:22
Speaker 9: for everybody, and we do get approached well maybe not
26:27
Speaker 9: every week, but certainly.
26:28
Speaker 6: More than once a month. But we really want to
26:31
Speaker 6: try and build up a small network like minded, not
26:35
Speaker 6: necessarily precisely alike. Glenn and I argue about carlines all
26:39
Speaker 6: the time, but that we have the same sense of
26:45
Speaker 6: realism and values aligned.
26:50
Speaker 7: Because that's a really interesting thing. Is someone who's observing
26:54
Speaker 7: external to all of you guys, you know, not qualified
26:57
Speaker 7: in the way that you are, not interested in being
26:59
Speaker 7: qualified in the way you are. When those acic things
27:02
Speaker 7: came in, you know the people who went, okay, well.
27:06
Speaker 5: If the only way that I can keep doing these
27:07
Speaker 5: is if I get a license.
27:09
Speaker 7: I wonder what that experience was like for them finding
27:13
Speaker 7: someone to license them, Because, as you've said, you're taking on.
27:15
Speaker 5: All this responsibility.
27:16
Speaker 7: If Victory does something wrong, you are culpable on some
27:19
Speaker 7: level for that, and that is a lot to take
27:21
Speaker 7: on with the extremely large finds and the jail and
27:24
Speaker 7: all of the other scary things.
27:26
Speaker 1: Vince will go to jail now, not be oh yeah, sucks.
27:28
Speaker 5: For you, Vince, but you know we'll go together.
27:36
Speaker 7: But all of these people who maybe were creating finance
27:38
Speaker 7: content and they're like, Okay, well, if the only way
27:39
Speaker 7: for me to keep going is get license like what
27:41
Speaker 7: Queen's done.
27:42
Speaker 5: I wonder how.
27:43
Speaker 7: Many people did approach licensees and how hard was that
27:48
Speaker 7: process for you, Queen? And I guess on your own
27:49
Speaker 7: vents being the person who's giving a yes or no no,
27:51
Speaker 7: what was that like?
27:53
Speaker 6: I mean from an industry perspective, I don't think many
27:55
Speaker 6: people understand social also, And so if you're sitting around
28:02
Speaker 6: the compliance committee at AMP or the commandal bank, this
28:07
Speaker 6: is just not something you want to go anywhere near
28:09
Speaker 6: because it's relatively small compared to the overall business. So
28:14
Speaker 6: why am I going to bet my business on something
28:19
Speaker 6: which isn't going to change my revenue if I'm a
28:22
Speaker 6: big player And they just don't understand it and don't
28:26
Speaker 6: really have that time or inclination to get into it.
28:30
Speaker 6: And I've sort of lived and breathe this stuff for
28:33
Speaker 6: eight years at Loveshop and so you get a feel
28:36
Speaker 6: for why people do what they do and where the
28:39
Speaker 6: boundaries need to lie. And so we just felt that
28:43
Speaker 6: it was an important part of our role at Liveshop
28:46
Speaker 6: about bringing financial advice to everyone. That one other ways
28:51
Speaker 6: of doing that was through a process of education through entertainment.
28:58
Speaker 6: Not everyone's going to read at X book and it's
29:01
Speaker 6: probably not very helpfully there because most of finance is
29:05
Speaker 6: actually about trade offs and understanding yourself is far more
29:10
Speaker 6: important than understanding the market. But that did bring me.
29:13
Speaker 6: We did have to build in how do we go
29:17
Speaker 6: from taking a former financial advice and managing that process,
29:22
Speaker 6: how do we broaden that into dealing with people who
29:26
Speaker 6: haven't had a decade in that environment. And that was
29:29
Speaker 6: the big challenge and so Queeney was our guinea pig
29:35
Speaker 6: in that space for his non ex advisor and it
29:39
Speaker 6: was quite a lengthy process to go from erecting nothing
29:42
Speaker 6: to get there. And we get people hating on the
29:46
Speaker 6: we get comments on the website of band you know,
29:48
Speaker 6: how can you possibly Yeah, we have in fact, we
29:50
Speaker 6: have a complaint right now.
29:54
Speaker 1: It's about.
29:56
Speaker 6: It's about as somebody who's not Victoria Devine all, how
29:59
Speaker 6: would they call to do this? I go on.
30:02
Speaker 4: That makes me really angry, because do you know who
30:04
Speaker 4: hard it is to give a license?
30:06
Speaker 1: If she's got one, I promise there's reason, and.
30:09
Speaker 7: You're one of the few people who has committed to
30:12
Speaker 7: that process, which from what I understand, is quite lengthy,
30:14
Speaker 7: and I want to hear more about what that was like.
30:16
Speaker 6: So I do some courses with no training.
30:19
Speaker 8: Yeah, I had to do some courses I've done too
30:21
Speaker 8: so far, so general advice and general knowledge that was
30:25
Speaker 8: one of them, like generic knowledge, and then the other
30:27
Speaker 8: one was about securities and managed investments.
30:30
Speaker 1: So yeah, it does.
30:31
Speaker 8: Take time to do this, and I'm looking to get
30:33
Speaker 8: licensed in the other areas too and knock off those
30:35
Speaker 8: other courses like insurance and super because it is so
30:38
Speaker 8: interesting and I really do love it. But it was
30:42
Speaker 8: challenging at the beginning because I don't come from this
30:45
Speaker 8: industry and I didn't know the steps involved to get
30:48
Speaker 8: a license. But thankfully met Vince, and it's so good
30:52
Speaker 8: because I feel like our visions are aligned, and even
30:56
Speaker 8: though we do different things, I feel like our mission
31:00
Speaker 8: and our values are the same, and we do want
31:02
Speaker 8: to help people, and I think that you know, with
31:06
Speaker 8: the way that I create content, which is just to
31:08
Speaker 8: educate people and just give like, you know, daily tips
31:12
Speaker 8: about little things that they can do to make their
31:14
Speaker 8: life a little bit easier.
31:17
Speaker 6: Or you know, if you're still not going to get
31:18
Speaker 6: me to give.
31:20
Speaker 1: It a go and that coat is lit, we're going, yeah,
31:25
Speaker 1: so much.
31:27
Speaker 6: But I haven't quite got to cost.
31:30
Speaker 1: From this platform. We adore Aldi El Toro.
31:34
Speaker 6: Have you tried their wines? Yeah?
31:35
Speaker 4: Absolutely, Le Mule Rose is the best rose I've had
31:40
Speaker 4: in my life.
31:41
Speaker 1: Quote me on it. That's a good deal.
31:44
Speaker 6: I'm the one, the one of the awards because I
31:46
Speaker 6: had a ninety plus point winner and it's four ninety
31:51
Speaker 6: nine a bottle.
31:52
Speaker 1: That's a money win.
31:53
Speaker 6: This is a weeknight drinking.
31:56
Speaker 4: Read a weeknight drinking red, just for those of us
32:00
Speaker 4: who consistently drink red on a weeknight like me.
32:03
Speaker 5: I will be checking that out.
32:06
Speaker 6: But it's a long way to Costco from here.
32:08
Speaker 8: Yeah it is. It's not like an everyday trip. It's
32:11
Speaker 8: like a once you run out of toilet paper trip.
32:15
Speaker 4: Okay, okay, let's pivot back to the conversation. I guess
32:19
Speaker 4: about finance, Look I do, but I got over it
32:23
Speaker 4: during covid.
32:24
Speaker 1: Yeah, yeah, like it's no longer a good investment because
32:27
Speaker 1: there's heaps of it now. But pivoting back to the.
32:30
Speaker 4: Conversation I guess about finance content creation, and I guess
32:34
Speaker 4: the people listening to our podcast are probably like, oh,
32:36
Speaker 4: this is getting deep, this is getting hard, And we're
32:38
Speaker 4: not usually a fireside chat kind of podcast like Glens,
32:42
Speaker 4: But I think it's so interesting to kind of like
32:44
Speaker 4: look under the hood and have these conversations about, well,
32:47
Speaker 4: what do people who create finance content actually have to
32:51
Speaker 4: go through to create that content make sure that the
32:54
Speaker 4: community is always in the best possible position.
32:56
Speaker 1: And I think that's.
32:56
Speaker 4: Really pervy, Like I would be really interested in this
33:00
Speaker 4: type of chat about any other industry. But additionally, there's
33:05
Speaker 4: this layer of like, obviously, you've had to work your
33:08
Speaker 4: butt off to do what you're doing today and you've
33:10
Speaker 4: really committed to it, which is really commendable. But there's
33:14
Speaker 4: this juxtaposition of if you get licensed, it's really expensive,
33:19
Speaker 4: So it's a cost that that creator has to wear
33:23
Speaker 4: and has to commit to, and obviously that cost it
33:27
Speaker 4: could range from anywhere what like ten thousand dollars up to.
33:29
Speaker 1: One hundred thousand dollars plus.
33:31
Speaker 4: When I was a fully licensed personal financial advisor, I
33:35
Speaker 4: was paying more than one hundred thousand dollars a year
33:38
Speaker 4: for my license, and then when I had people working
33:41
Speaker 4: for me, it was plus plus plus it depended on
33:44
Speaker 4: your revenue. At one point in my career, I was
33:47
Speaker 4: paying that feet plus five percent of my business revenue.
33:51
Speaker 4: It it got ludicrous, and I don't think people understand
33:54
Speaker 4: how much that process costs for smaller finance content creators though,
33:59
Speaker 4: that that's obscene. Like if you are a small time
34:03
Speaker 4: finance content creator and you're just doing it for the passion,
34:06
Speaker 4: it's not comprehensible that you would go and pay for
34:10
Speaker 4: a license. And a lot of them have either as
34:14
Speaker 4: you said, Vince left and decided to pack up shop
34:17
Speaker 4: and not do what they're doing anymore, or they're just like,
34:20
Speaker 4: you know what, I'm just going to keep doing it.
34:21
Speaker 4: It's not that bad. It's not this, it's not that.
34:24
Speaker 4: How do we know who to trust and who not
34:27
Speaker 4: to trust? And I guess where is the line of
34:29
Speaker 4: content creation? Because I follow a lot of people in
34:31
Speaker 4: the finance industry who are and aren't licensed, and I
34:35
Speaker 4: love watching them all, But how do I know I
34:37
Speaker 4: guess as a general consumer where the line is. And
34:41
Speaker 4: maybe if Vince is talking about this, I can trust
34:43
Speaker 4: him on all of these things. But if you cross
34:45
Speaker 4: this line, I probably should be a bit wary it.
34:47
Speaker 6: Don't take beauty tips from me.
34:48
Speaker 1: Okay, all right, I was about to ask, but we'll
34:51
Speaker 1: just stick to finance.
34:52
Speaker 6: And I think that's you've got to start with. Is
34:55
Speaker 6: this entertainment or am I actually trying to learn something here?
34:58
Speaker 6: And if you treated as pure entertainment and you're not
35:02
Speaker 6: going to rely on financial but go anywhere you want,
35:04
Speaker 6: go for the fun. One of my favorite podcasts American podcasts,
35:08
Speaker 6: you know, Joe Salcy High from Yes of Course, Stacking Benjamins.
35:11
Speaker 1: He met him at FINCLN.
35:13
Speaker 6: I'm going to be at a conference with him in
35:16
Speaker 6: Balley in September.
35:17
Speaker 4: Fancy excuse me. I have not been invited to that one.
35:22
Speaker 1: Weird. We'll talk about this after.
35:25
Speaker 6: And so his motto is, you're not going to learn anything.
35:28
Speaker 6: If you learn something on my podcast, you west your time.
35:30
Speaker 6: It's a bit of a joke, A bit of a joke,
35:32
Speaker 6: takee but and he is actually an ex financializer.
35:35
Speaker 1: He knows what he's talking and he does know what he's.
35:37
Speaker 6: Talking about, but it's such fun. Dave Ramsey. As I
35:40
Speaker 6: said before, he just sounds great. I could just listen
35:42
Speaker 6: to that voice all, would you.
35:44
Speaker 1: It's like nails.
35:47
Speaker 4: I've currently got days jumping down my throat because they
35:51
Speaker 4: commented on one of his TikTok videos and I shouldn't
35:54
Speaker 4: have done that.
35:55
Speaker 1: I should not have done that because they're now coming
35:57
Speaker 1: for me.
35:58
Speaker 6: But if you want, if you're actually looking for advice
36:02
Speaker 6: that you want to apply this to your your life,
36:06
Speaker 6: how do I know that this person is a qualified
36:10
Speaker 6: and b doesn't have an ulterior motive? So looking how
36:15
Speaker 6: they make money is a really good start. So if
36:18
Speaker 6: you're creators making their money by links to buy what
36:26
Speaker 6: they're wearing, that's pretty cool. But if they're making money
36:29
Speaker 6: by putting you into some crypto scheme, which we saw
36:33
Speaker 6: fall apart in the US recently, that's a reflex. So
36:36
Speaker 6: looking at what their model is. You know, if it's
36:39
Speaker 6: just a platform to host ads, sense ads or YouTube ads,
36:43
Speaker 6: that's probably pretty harmless and all their interest really then
36:45
Speaker 6: is eyeballs. But if they're taking money from investment and
36:49
Speaker 6: other products based on how much of it you buy,
36:52
Speaker 6: that should be not necessarily a dead stop, but it
36:57
Speaker 6: should raise questions in your mind and go, well, what
37:00
Speaker 6: I'm hearing genuinely in my interests and does it actually
37:04
Speaker 6: apply to me? And the challenge with financial content is
37:10
Speaker 6: how do I make it short, snappy, click worthy, and
37:14
Speaker 6: yet get across the nuance in that the right answer
37:18
Speaker 6: for you is not the right answer for you, even
37:21
Speaker 6: though mathematically that statement could be true. Everyone agrees that
37:27
Speaker 6: you've got to save some of your lifetime income to
37:30
Speaker 6: pay for retirement. How much, Well, many commentators will go
37:34
Speaker 6: fifteen percent is the answer, But is that the right
37:36
Speaker 6: answer for you? Do you want to live better in
37:38
Speaker 6: retirement than you want to live during your life. That's
37:42
Speaker 6: a personal trade off, and I don't think anyone can
37:45
Speaker 6: say for everyone the answer is fifteen percent. But how
37:48
Speaker 6: do I get that nuance even to thirty seconds? Really hard?
37:56
Speaker 6: So that's I think the challenge we all face is
37:59
Speaker 6: content cre is making it simple, memorable, actionable, insightful and
38:06
Speaker 6: also nuanced. If the person doesn't have the skills to
38:13
Speaker 6: understand those nuances, it's really hard to deliver all of that.
38:19
Speaker 4: I agree, and I find it, I guess. Looping back
38:21
Speaker 4: to the conversation, we're having. At the start, we mentioned
38:24
Speaker 4: that last year we went to FINCN, which is, I guess,
38:27
Speaker 4: the world's biggest finance Content Creators.
38:31
Speaker 1: And media set where money and media meta.
38:33
Speaker 5: That is correct.
38:34
Speaker 4: But we went to this conference last year. It was
38:37
Speaker 4: my first year, it was not your first radio and
38:39
Speaker 4: my mind was blown.
38:41
Speaker 1: I already knew that there were very.
38:44
Speaker 4: Large differences between the way we could create content in
38:46
Speaker 4: Australia versus the way that we could create content in America, right,
38:50
Speaker 4: and in America, the responsibility of finding the right advice
38:55
Speaker 4: is actually on the consumer, whereas in Australia the responsibility
38:59
Speaker 4: is on person creating that content to look after their
39:02
Speaker 4: community and look after their consumer. And I found it
39:05
Speaker 4: so interesting just the way that played out because I've
39:07
Speaker 4: known that, I've known that my entire career, but seeing
39:11
Speaker 4: that play out on stage, seeing that play out when
39:13
Speaker 4: people are having conversations about the podcast content they write,
39:17
Speaker 4: talking to them about you know, how they make revenue,
39:20
Speaker 4: it was mind blowing. But how do we know that
39:23
Speaker 4: content creators have the consumer in mind when we are,
39:28
Speaker 4: you know, consuming their content because you don't know what
39:29
Speaker 4: you don't know, Like we talk to that she's on
39:32
Speaker 4: the money community all the time, like you come to
39:34
Speaker 4: me because I know what I'm talking about. Like when
39:37
Speaker 4: it comes to finance, I'm wildly passionate about it, but
39:40
Speaker 4: I'm also legitimate in the space, like I've worked in
39:43
Speaker 4: it for years, Like I owned my own practice, I
39:45
Speaker 4: had financial advice clients. So I'm not fluffing around when
39:49
Speaker 4: I'm saying, oh, this is how you budget. I've budgeted
39:52
Speaker 4: for hundreds of people. So I think it's how do
39:55
Speaker 4: we know that the consumer is being taken into consideration
39:58
Speaker 4: license or not, or maybe if it's a bit more
40:01
Speaker 4: driven by the bottom line.
40:04
Speaker 6: Yeah, that's a real challenge, and I think we see
40:06
Speaker 6: this a lot in the what I call hustle porn,
40:09
Speaker 6: where a lot of hustle culture. Hustle culture that you know,
40:13
Speaker 6: so much of finance content is all about.
40:16
Speaker 1: Waking up for five am and having your bullet.
40:18
Speaker 6: Coffee and getting having your side.
40:20
Speaker 1: Hustle just does it all the time, much of.
40:22
Speaker 6: Which is really driven by well, if I can make
40:25
Speaker 6: an afiliate link for getting you to sign up for Uber,
40:27
Speaker 6: of course I'm going to suggests that you should do it.
40:29
Speaker 6: So following the money is really important because everyone's got
40:33
Speaker 6: to make a living, and so transparency is important. I
40:38
Speaker 6: don't think anyone expects that the content is entirely free.
40:43
Speaker 4: You're paying with something like you're paying with something, whether
40:46
Speaker 4: you're handing over money, or you're handing over your view,
40:49
Speaker 4: or you're handing over your email address. There's usually some
40:52
Speaker 4: type of value exchange for content creators because, honestly, to
40:57
Speaker 4: create Sheese on the money adored it was a passion
41:00
Speaker 4: project didn't exist so that I could create income. But
41:03
Speaker 4: to make it sustainable, I had to find a way
41:06
Speaker 4: to create income because just doesn't work for free.
41:09
Speaker 6: And it's exped you do not.
41:11
Speaker 1: She knows her worth.
41:14
Speaker 6: By the time you buy equipment, you pay for it
41:16
Speaker 6: an editor. There's a whole bunch of costs involved in producers.
41:19
Speaker 6: So no they expects it to be free. But a
41:22
Speaker 6: question is identifying what the payment you're making. Is Is
41:26
Speaker 6: it your view so that there's ads roll before it
41:30
Speaker 6: or during it? Is it because when you click on
41:33
Speaker 6: this link, they get a share of it. Your beauty
41:36
Speaker 6: products in particular and fashion are really good for that
41:38
Speaker 6: because of really healthy affiliate margins in lots of videos
41:43
Speaker 6: where you go click on this link to buy what
41:45
Speaker 6: I'm wearing in this video really profitable. You can't quite
41:48
Speaker 6: do that in finance.
41:49
Speaker 4: And it's not as transparent in finance right, And this
41:52
Speaker 4: is something that has really, I guess grinded my gears
41:55
Speaker 4: historically because we do in the Shees on the Money community.
41:59
Speaker 4: You guys know that there are always discount codes or
42:01
Speaker 4: sign up codes, but in our community, those sign up
42:05
Speaker 4: codes aren't linked to us making a pay per click
42:08
Speaker 4: like those sign up codes. Let's use our Chaz's code
42:11
Speaker 4: for example, or the upcode that I think still exists,
42:14
Speaker 4: just so, both of those.
42:16
Speaker 1: Are very popular in our community.
42:17
Speaker 4: Both of those give the consumer a nominal money amount
42:21
Speaker 4: that you know, for chais's if you use the code SotM,
42:24
Speaker 4: you get ten bucks in your account when you sign up.
42:26
Speaker 4: For a lot of finance content creators historically, because you know,
42:30
Speaker 4: when there was the influencer uproar, I feel like that
42:33
Speaker 4: came to a grinding holt because it wasn't transparent for
42:36
Speaker 4: a lot of finance content creators. That link actually pays
42:39
Speaker 4: them as well. It has never paid She's on the money,
42:42
Speaker 4: and it will never pay She's on the money. All
42:44
Speaker 4: we do is except straight advertising revenue like if you
42:47
Speaker 4: would like to sponsor our podcast, it's X amount, full stop,
42:50
Speaker 4: end of story.
42:51
Speaker 1: If you make a million dollars from clicks.
42:53
Speaker 4: Which imagine if my clients were making a million dollars
42:55
Speaker 4: from clicks, I'd be charging a whole lot more, I promise,
42:58
Speaker 4: but they could make a million dollar or they could
43:00
Speaker 4: make four dollars, but I'm not promising conversion, whereas if
43:04
Speaker 4: I am motivated by the fact that I'll learn an
43:07
Speaker 4: additional five dollars for every single click that happens. That's
43:10
Speaker 4: where from my perspective, especially around financial services products, things
43:15
Speaker 4: get murky. Things become maybe a little bit more promoted
43:19
Speaker 4: than they should be and not well balanced in conversations
43:22
Speaker 4: because there's that motivator to go. One of these products
43:26
Speaker 4: is paying me consistently, one is not. They might be
43:29
Speaker 4: absolutely equal, but I'm going to make it look like
43:32
Speaker 4: ones better than the other, so you always go with
43:33
Speaker 4: the one that pays me. And that's where my gears
43:36
Speaker 4: get a little bit grindy, because I just don't think
43:39
Speaker 4: that's putting your consumer in the best possible position.
43:42
Speaker 6: And that's another advantage of dealing with someone who is licensed,
43:45
Speaker 6: because the law allowed to do this is taking what's
43:48
Speaker 6: called conflicted remuneration. So if we're getting money that would
43:53
Speaker 6: influence the content, then that's prohibited, Whereas if you're not life,
44:00
Speaker 6: you can take as much money as you want for
44:03
Speaker 6: providing a slanted view.
44:05
Speaker 5: Un licensed or not.
44:05
Speaker 7: You should be able to ask any in my opinion,
44:08
Speaker 7: any creator who's promoting pretty much anything, and say how
44:10
Speaker 7: are you making your money?
44:11
Speaker 5: Yeah, transparently it.
44:13
Speaker 7: Is, because I mean theoretically it should be disclosed in
44:16
Speaker 7: line with the law. However, it is again a new
44:19
Speaker 7: media and it is a little bit of gray, and
44:21
Speaker 7: you know, some things are enforced and some things are not.
44:23
Speaker 7: But I think if you're ever unsure about how someone
44:26
Speaker 7: is making money, you should be able to ask them
44:28
Speaker 7: and they, if they respect you and respect a community
44:31
Speaker 7: to respect their career in that space, they should tell
44:35
Speaker 7: you very.
44:35
Speaker 4: Clearly exactly and if their license, like Queenie or I,
44:39
Speaker 4: you can head to our websites and have a look
44:41
Speaker 4: at our financial services guide. It will tell you how
44:44
Speaker 4: we get paid and often what we get paid. So
44:47
Speaker 4: I find it really transparent. I really like that because
44:50
Speaker 4: I think that you guys then know that I'm putting
44:51
Speaker 4: you in the best possible position where if I'm talking
44:54
Speaker 4: about a product, it doesn't mean I'm not going to
44:56
Speaker 4: talk about another, but I can feel like the conversation
44:59
Speaker 4: is a little bit more balanced.
45:01
Speaker 1: Now.
45:02
Speaker 4: I'm really aware that we've been going on and on,
45:04
Speaker 4: and I have been loving this conversation, but I feel
45:07
Speaker 4: like we should wrap it up relatively soon. So I
45:10
Speaker 4: think to wrap it up really nicely, how about we
45:12
Speaker 4: give our listeners a few tips and tricks of things
45:15
Speaker 4: that we could look out for that might be red
45:18
Speaker 4: flags in the industry, or might be things that you go.
45:21
Speaker 1: Oh, maybe, maybe don't do that.
45:23
Speaker 4: Because recently, Just and I have been dealing with an
45:26
Speaker 4: influx of people asking questions about oh my gosh. One
45:30
Speaker 4: of them recently was I got called by a financial
45:33
Speaker 4: services company and they said they can fix my super.
45:36
Speaker 4: They're going to just charge it out of Super. No
45:38
Speaker 4: FSG was sent, no advisor profile was sent, no product
45:42
Speaker 4: disclosure statement was sent. But it'll just cost you four
45:45
Speaker 4: thousand dollars out.
45:46
Speaker 5: Of your superinnuation.
45:47
Speaker 6: Lots of red flags, lots of red flags there.
45:50
Speaker 4: I can show you after exactly what it is, because
45:53
Speaker 4: you best believe. I had them email it to me
45:55
Speaker 4: so I could do a little cheeky deep dive.
45:58
Speaker 6: Are ways that can be structured legally, but it's certainly
46:01
Speaker 6: not in anyone's interest. So yeah, that's a big red flag.
46:05
Speaker 6: A suggest that one solution is the answer for everybody
46:09
Speaker 6: is another big red flag is the best. And I
46:12
Speaker 6: mean some of those things you know, which which share
46:15
Speaker 6: broker are use. It's sort of a decision at the margins.
46:18
Speaker 6: The bigger difference is how much do you save? So
46:22
Speaker 6: rather than trying to save a dollar on your brokerage,
46:24
Speaker 6: if you maybe save ten dollars more every week, you'll
46:27
Speaker 6: be way better off. So being able to understand what
46:30
Speaker 6: the decisions that matter are and where you really should
46:35
Speaker 6: be taking professional advice and if someone is good, more
46:39
Speaker 6: isn't always better.
46:40
Speaker 1: That is true.
46:41
Speaker 4: That is true, Quinny, what would you say is a
46:43
Speaker 4: red flag to look out for when it comes to
46:46
Speaker 4: absorbing finance content.
46:48
Speaker 8: I think that when you're absorbing any kind of content,
46:52
Speaker 8: especially finance content, you kind of do need to take
46:54
Speaker 8: it with a grain of salt, because just because one
46:58
Speaker 8: person has taken this part of a man and it's
47:00
Speaker 8: right for you, like Vince has said, and yeah, I
47:03
Speaker 8: just think it's really important to just try and look
47:06
Speaker 8: at what's right for your personal situation and if you
47:10
Speaker 8: need help with that always you know their financial advisors.
47:14
Speaker 8: Lovely Vince has a great business and it's also very
47:17
Speaker 8: affordable if you are looking for that kind of advice.
47:20
Speaker 8: So that's a good place that you can, you know,
47:22
Speaker 8: have a look at lots of resources.
47:25
Speaker 4: It's not I was about to like the next question
47:28
Speaker 4: will be like we've dropped it a few times. What
47:30
Speaker 4: the heck is money, Sirpard, But I'm not asking you
47:32
Speaker 4: that yet because I want to know.
47:33
Speaker 1: What Jess is. Red flag is Jess.
47:35
Speaker 4: I feel like you see a lot of red flags
47:37
Speaker 4: because you manage my inbox just.
47:39
Speaker 5: To see you in there.
47:40
Speaker 7: I feel like anything that is promising you the world,
47:43
Speaker 7: like the saying if it seems too good to be true,
47:45
Speaker 7: it probably is. Like I know that we've all grown
47:48
Speaker 7: up with our parents saying that to us, but I
47:50
Speaker 7: feel like, particularly in the finance space, it really rings true.
47:54
Speaker 7: Like if someone is saying to you, I can fix
47:56
Speaker 7: your super and make you a millionaire and all it's
47:58
Speaker 7: going to cost you is four thousand dollar. But I'm
48:00
Speaker 7: not going to send you a document like red flag.
48:02
Speaker 5: Red flag, red flag? Crazy is multiple.
48:06
Speaker 7: If someone on Twitter is saying, oh my god, everybody this,
48:09
Speaker 7: you want to get on this stock It's incredible, this
48:11
Speaker 7: with the moon.
48:12
Speaker 5: Yeah to the like, get on it. It's going to
48:13
Speaker 5: go quick like you got to get in now, like
48:15
Speaker 5: la la. And I think that's probably my other So
48:17
Speaker 5: I'm gonna share two red flag.
48:19
Speaker 1: I was going to do that to.
48:21
Speaker 7: Anyone who puts a pressure or a sense of urgency.
48:25
Speaker 1: Okay, that was my second red flag, but.
48:27
Speaker 5: That's fine, I can share it.
48:28
Speaker 7: I think you know, anyone who's trying to get you
48:31
Speaker 7: to make a quick choice, I would be questioning that
48:34
Speaker 7: because anything, particularly finance, should be a considered choice from
48:39
Speaker 7: you as a consumer. I think it has power to
48:42
Speaker 7: make such a big impact on your life that you
48:44
Speaker 7: should be weighing your pros and your cons You should
48:46
Speaker 7: be doing your own research. Even anything that we talk about,
48:49
Speaker 7: we always say, make sure it's the right fit for you.
48:52
Speaker 7: Like in my opinion, all Wei or Queenie or Vince
48:55
Speaker 7: or any other creator can do is showcase something to
48:58
Speaker 7: you and say here the pros, here are the colons,
49:01
Speaker 7: or here are the things that you might want to consider,
49:05
Speaker 7: and then you, as an individual should be going away
49:09
Speaker 7: and then going, do these pros and cons and things
49:11
Speaker 7: that I'm considering suit my specific needs because there are
49:14
Speaker 7: billions of people on this planet and we all have
49:17
Speaker 7: different needs and we all have different things, and a
49:19
Speaker 7: platform that's perfect for me might suck for VD because
49:22
Speaker 7: she's way more advanced than me. But it might be true,
49:25
Speaker 7: you know, but there are all these different things to consider.
49:28
Speaker 7: There's never going to be one thing, and we would
49:30
Speaker 7: never say that there's one thing that's perfect for everybody.
49:33
Speaker 7: And I think if someone's trying to convince you that
49:35
Speaker 7: that's the case, or if they're trying to get you
49:36
Speaker 7: to make a decision really quickly because the opportunity is
49:38
Speaker 7: just going to be gone, that is a red fla
49:41
Speaker 7: and one that I would be going, I just need
49:43
Speaker 7: a minute, because they're trying to psych you out and
49:46
Speaker 7: put pressure on you so that you sign up or
49:48
Speaker 7: commit to something that you then can't take back.
49:51
Speaker 4: Yeah, it's scary, it's scary, but it's also just it's
49:55
Speaker 4: not true. So I guess that's what I used to
49:58
Speaker 4: say to clients, like, there's absolutely no pressure here. Any
50:01
Speaker 4: good financial services person would never want you to feel pressured.
50:05
Speaker 4: They actually want you to feel completely educated and one
50:08
Speaker 4: hundred percent on board with the plan before you sign.
50:11
Speaker 1: On the dotted line.
50:12
Speaker 4: And if you are not committed to it, well we
50:14
Speaker 4: need to have a conversation about why and when and
50:16
Speaker 4: where and Vince, why aren't you feeling competent?
50:19
Speaker 1: Like what haven't I taught you yet?
50:21
Speaker 4: Because ultimately, a good financial services professional is putting you
50:25
Speaker 4: in a better position, and they don't mind if it's
50:27
Speaker 4: now or next week and it's you know, I've spoken
50:30
Speaker 4: about inheritance on the podcast, and my number one tip
50:33
Speaker 4: for you know, coming into a really large sum of
50:36
Speaker 4: money is don't do anything, because every single person when
50:39
Speaker 4: you come into a large sum of money, has an opinion.
50:42
Speaker 1: And your uncle Greg might have worked in.
50:44
Speaker 4: Car dealerships for his entire life, but that doesn't mean
50:47
Speaker 4: he knows what you should be doing with the money
50:49
Speaker 4: you got from your grandma. So I think it's really
50:51
Speaker 4: important to one look for professional advice, but two, you're right, Jess,
50:56
Speaker 4: no sense of urgency. But there's always going to be
51:00
Speaker 4: another opportunity. And if there's not, that was not the
51:03
Speaker 4: opportunity for you. I genuinely believe that what is meant
51:06
Speaker 4: for you is never going to miss you and what
51:08
Speaker 4: misses you was never meant for you. But then on
51:11
Speaker 4: the other side of that, I guess my other red
51:13
Speaker 4: flag is really who is creating the content. Doesn't mean
51:17
Speaker 4: it's a red flag, it's just something to take into consideration.
51:21
Speaker 4: Let's use Queenie for example. She's relatively independent. I don't
51:25
Speaker 4: know how that works when I talk about independent license,
51:29
Speaker 4: but we're not using the independent word. But Queen's not
51:32
Speaker 4: owned by a product. Queenee doesn't work for a bank,
51:35
Speaker 4: Queenee doesn't work for an investing platform. She's just an
51:38
Speaker 4: individual who generates her revenue from working with a variety
51:41
Speaker 4: of different brands and different sponsorship deals on different platforms.
51:45
Speaker 4: And that to me goes all right, Well, she's got
51:47
Speaker 4: lots of balance there. Whereas if that information is coming
51:52
Speaker 4: from one direction, like Queeny had partnered for an entire
51:55
Speaker 4: product on an entire platform, like her whole YouTube, for example,
52:00
Speaker 4: was partnered with XYZ Bank, That's where I'd go, Oh, like,
52:04
Speaker 4: that information might be really only coming from one direction
52:08
Speaker 4: or that one bank. Because Queen's entire platform is owned
52:11
Speaker 4: by that bank or that YouTube. It doesn't mean that
52:13
Speaker 4: they don't stand alone in their other circumstances. But that
52:17
Speaker 4: YouTube channel that is completely sponsored, which is not. It's
52:20
Speaker 4: just an example that to me would be a bit
52:23
Speaker 4: of a red flag to make sure that you're wary
52:25
Speaker 4: of balance when it comes to those conversations, because you
52:28
Speaker 4: could be doing a whole series, Queeny, like ten whole
52:30
Speaker 4: videos and you go, wow, ten videos, but if all
52:33
Speaker 4: ten videos are sponsored by exactly the same bank, that's
52:36
Speaker 4: where you've kind of got to go, Oh, is that like,
52:39
Speaker 4: is it well rounded information or is it product pushing
52:41
Speaker 4: because some you know, let's say some banks might do
52:45
Speaker 4: a really good educational series and they just want to
52:47
Speaker 4: put some money behind.
52:48
Speaker 1: Queen, need to get it done fantastic.
52:50
Speaker 6: Didn't you get your Dolomites moneyboxes? Yeah?
52:52
Speaker 4: But do you know Dolomites had absolutely no impact on
52:55
Speaker 4: the financial literacies of Australian children.
52:57
Speaker 1: Wild We're not surprised though.
53:00
Speaker 4: So I think it's it's interesting to look at the
53:03
Speaker 4: way content is created because it could then be underlying
53:07
Speaker 4: sponsorship to get more sign ups. Right, So I think
53:10
Speaker 4: it's just about understanding where it's coming from and what's
53:12
Speaker 4: going on. And I guess that's why she's on the money.
53:15
Speaker 4: Will never have a one, she's on the money sponsor.
53:18
Speaker 4: It's not that she's on the money partner. We might
53:21
Speaker 4: have a partner for an event, or we might have
53:22
Speaker 4: a partner for a podcast, or a partner for this,
53:25
Speaker 4: but we'd never take on someone who goes, you know what,
53:27
Speaker 4: we want to buy out everything on she's on the money,
53:29
Speaker 4: because I just don't think that's in the best interest
53:32
Speaker 4: of our community. No matter how much money was behind.
53:34
Speaker 6: It, You're not going to have the crypto season.
53:39
Speaker 4: I don't want to end up in jail because I
53:42
Speaker 4: can't wear my shoes there.
53:45
Speaker 7: Before we head off, shall we give Vince a little
53:47
Speaker 7: minute because obviously you're licensing these two fabulous people. Can
53:51
Speaker 7: you tell people a little bit about money?
53:54
Speaker 5: You share a few times?
53:56
Speaker 1: Why should we trust Vin Scully and money Shurpa?
53:59
Speaker 5: You see my hair, here's fabulous hair.
54:01
Speaker 6: That's great hair.
54:04
Speaker 1: Yeah, but it's a very full head of hair.
54:05
Speaker 5: And you have the little quiff going. I love it.
54:08
Speaker 1: Fancy boy hair.
54:10
Speaker 6: All natural, no product, no color. The answer you question
54:14
Speaker 6: is our own Love Shopper, which is Australia's most affordable
54:18
Speaker 6: financial advice service. I had been in financial services for
54:24
Speaker 6: thirty five years.
54:25
Speaker 4: And what was that are we taking advice right now
54:29
Speaker 4: on the She's on the Money podcast from a medio
54:32
Speaker 4: commutle Age white Man.
54:33
Speaker 1: Is that what we're doing.
54:33
Speaker 5: No, we're taking advice from a fantastic mili.
54:36
Speaker 6: I'm not sure sixty qualifies as middle aged anymore? Does
54:40
Speaker 6: it middle aged to take year old run with their
54:44
Speaker 6: And having done that, I'd spend a lot of time
54:46
Speaker 6: helping a lot of very wealthy people manage their money
54:50
Speaker 6: and thought, you know, there's got to be a way
54:53
Speaker 6: we can make this available to everybody, and so we
54:59
Speaker 6: created business to deliver advice for five hundred and forty
55:03
Speaker 6: seven dollars a year.
55:04
Speaker 5: That's a money win. That's the money we use the.
55:06
Speaker 6: Money win, and we do it all online. We use
55:08
Speaker 6: technology to keep the costs down, and we focus on
55:11
Speaker 6: the needs of younger people, which generally means people who
55:15
Speaker 6: are in the workforce. They're going through life's three big changes,
55:19
Speaker 6: which I call coupling, nesting, and parenting, so they're getting
55:22
Speaker 6: used to dealing with money is a couple. They're dealing
55:25
Speaker 6: with all the costs and budget pressures of buying a
55:30
Speaker 6: home and raising kids, and we're here to help. I
55:34
Speaker 6: like that birdlike yeah, well you're about to nest.
55:37
Speaker 7: Hopefully listen to the property playbook to hear how that
55:40
Speaker 7: goes some plug.
55:41
Speaker 4: For me, just as like I'm on that one more
55:44
Speaker 4: so go over to that one so you.
55:46
Speaker 6: Can find us a life sure of it dot com
55:48
Speaker 6: that are you.
55:48
Speaker 4: Well, we'll obviously put all of your information in the
55:51
Speaker 4: show notes because I think it's it's a really good platform,
55:53
Speaker 4: and that honestly was not a very good sale of it,
55:56
Speaker 4: because I just feel like it does exactly what it
55:58
Speaker 4: says on the box, right, and that that's what a
56:01
Speaker 4: community like She's on the money and a community like
56:04
Speaker 4: yours Queenie is looking for. We want financial advice, but
56:08
Speaker 4: we also want it to be affordable. And it goes
56:10
Speaker 4: back to that, you know conversation we were having with one
56:13
Speaker 4: of our members earlier today literally about.
56:15
Speaker 1: How somebody called her on the phone and said.
56:17
Speaker 4: Hey, we're going to sort out your super and she's like,
56:19
Speaker 4: oh my gosh, I've been meaning to do that.
56:22
Speaker 1: I've been putting it off. That's so wild.
56:24
Speaker 4: And they were like, don't worry, like we've got it.
56:26
Speaker 4: You know, how much do you have in super? What's
56:27
Speaker 4: you remember now? But they just ask these questions that.
56:30
Speaker 4: She was so excited to have this conversation because it
56:33
Speaker 4: was something she'd been putting off. And then they said, look,
56:36
Speaker 4: we can do it through your super don't worry. It
56:39
Speaker 4: doesn't have to come out of your back pocket now.
56:40
Speaker 4: And she said, oh, that's brilliant, that's so great. And
56:44
Speaker 4: they messaged us before they signed and said, hey, you
56:47
Speaker 4: just like something's off about this, like they seem legit.
56:50
Speaker 4: I looked them up. They do have a license. But
56:52
Speaker 4: the pressure got to her. She said, look, they just
56:55
Speaker 4: really pressuring me to get back this signed document and
56:58
Speaker 4: I just you said that I should be worried about that,
57:01
Speaker 4: and I said, yeah, you absolutely should be, and I
57:02
Speaker 4: have a look at it. Four thousand dollars will be
57:05
Speaker 4: taken out of her superranuation to set it up, and
57:08
Speaker 4: it's only super advice. It's not holistic advice. It doesn't
57:12
Speaker 4: take into account any of her other circumstances. It was
57:15
Speaker 4: purely superranuation. When I could go to a platform like
57:18
Speaker 4: life Shurpa pay a very nominal fee for basically full
57:22
Speaker 4: service financial advice that is going to put me in
57:24
Speaker 4: the best possible position, and it's not going to put
57:28
Speaker 4: me out. It's actually going to put me ahead. And
57:30
Speaker 4: I think that it's one of those things that having
57:32
Speaker 4: worked in the industry and knowing what good advice looks
57:36
Speaker 4: like and what not so good advice looks like, you just.
57:38
Speaker 1: Go, how did you do it?
57:39
Speaker 4: Vince, Like, that's wild to think that I could go
57:42
Speaker 4: get my super organized, you know, maybe get my insurances
57:45
Speaker 4: done at the same time, maybe organize my investing plan
57:50
Speaker 4: and have it worked exactly. It's a full service offering
57:53
Speaker 4: that you know, some people don't want a full service offering,
57:56
Speaker 4: and that's cool. You can work out what you need.
57:59
Speaker 4: And it's not saying that this is the absolute product.
58:01
Speaker 4: You need to talk to Vince or you're going to die.
58:04
Speaker 1: But it's more well, if that works.
58:06
Speaker 4: For you, then that makes sense. And it's coming from
58:08
Speaker 4: a place that we trust, but it's also coming from
58:11
Speaker 4: a place where you're like, look, I've made a lot
58:13
Speaker 4: of rich people richer. I know how to do that.
58:16
Speaker 4: I've done this for years thirty five to remind you.
58:20
Speaker 4: But it's one of those things that I think a
58:22
Speaker 4: lot of people are just looking for. I guess that answer,
58:24
Speaker 4: how do I get that advice? How do I get connected?
58:27
Speaker 4: And what do I do so we'll put all your
58:29
Speaker 4: information in the show notes and make sure that you know.
58:32
Speaker 1: If you're interested in hanging out with Vince a bit
58:34
Speaker 1: more on the internet, you can.
58:35
Speaker 7: We've all given ourselves a not so subtle plug that
58:37
Speaker 7: someone's sitting here very humbly that hasn't taken that chance yet. Queen,
58:40
Speaker 7: where can people find you if they want to keep
58:42
Speaker 7: up with your stuff as well?
58:43
Speaker 8: I post content on TikTok, Instagram, YouTube, you can find
58:47
Speaker 8: me in all the platforms, and yeah, invest with Queen.
58:51
Speaker 4: In obviously put your information in the show notes as well.
58:55
Speaker 4: But Queene's content is so fun, like I don't know
58:58
Speaker 4: how you do it, and pump out so much that
59:00
Speaker 4: is every day, every single day, Like we cannot keep
59:04
Speaker 4: up with even posting one Instagram story a day, let.
59:06
Speaker 1: Alone how much content you create. So I am very impressed.
59:10
Speaker 8: Oh, thank you appreciate it.
59:18
Speaker 10: The advice shared on She's on the Money is general
59:20
Speaker 10: in nature and does not consider your individual circumstances. She's
59:24
Speaker 10: on the Money exists purely for educational purposes and should
59:28
Speaker 10: not be relied upon to make an investment or financial decision.
59:31
Speaker 1: If you do choose to buy a financial product.
59:33
Speaker 10: Read the PDS TMD and obtain appropriate financial advice tailored
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Speaker 10: towards your needs. Victoria Divine and She's on the Money
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Speaker 6: The way that you want Me