Aug. 15, 2021

Money advice for Millennials with Victoria Devine

Money advice for Millennials with Victoria Devine
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Money advice for Millennials with Victoria Devine
Money advice for Millennials with Victoria Devine
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Season 6 Financial Wellbeing

In this episode, Cass chats with Victoria Devine, a multiple award-winning financial adviser and host of the chart topping She’s on the Money podcast. Victoria talks about the financial challenges that face young people today, the importance of having a positive money story, and shares smart ways to invest and build a solid financial future even when you’re on a budget. Victoria’s book, “She’s On the Money” is now available in all good bookstores.

Connect with Victoria: www.shesonthemoney.com.au
www.instagram.com/shesonthemoneyaus


Connect with Cass:

www.cassdunn.com
www.instagram.com/cassdunn_xo

Contact Crappy to Happy:

Email: hello@crappytohappypod.com
www.crappytohappypod.com
www.instagram.com/crappytohappypod
www.tiktok.com/@crappytohappypod


Are you a coach, therapist, service provider or solopreneur struggling with self-doubt and imposter syndrome? I'd love to talk to you! (for market research purposes only!)

Book a call with me to share your experience.

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Transcript
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A listener production.

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This is Crappita Happy and I am your host, cast Doun.

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I'm a clinical and coaching psychologist and mindfulness meditation teacher

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and of course author of the Crappita Happy books. In

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this show, I bring you conversations with interesting, inspiring, intelligent

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people who are experts in their field and who have

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something of value to share that will help you feel

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less crappy and more happy. Today I am chatting with

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Victoria Devine, who is a multiple award winning financial advisor

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helping thousands of people change their relationships with money.

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She is young, she is influential, vibrant.

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And she's a driven entrepreneur who is passionate about empowering

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young women, in particular with the tools and confidence they

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need to change their financial situation. Most would know her

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as the founder and host of She's on the Money,

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an incredibly popular, topping personal finance podcast for millennial women.

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She is now also the author of a book by

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the same name, She's on the Money. She is the

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director and co founder of Zella, which is a thriving

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financial advice, accounting and finance broking practice based in Melbourne

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Here in Australia, so Victoria and I chatted about all

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the challenges that face young people when it comes to

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finance and investing these days, particularly with skyrocketing property prices.

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We talked about the importance of.

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Really knowing and perhaps changing your money's story in order

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to get ahead financially, how you can absolutely start investing

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even with minimal spare cash in those very lean early

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years of your career. And Victoria shares some really great,

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down to earth practical advice about how you can enjoy

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life and work towards financial freedom. They do not have

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to be mutually exclusive. I hope that you enjoy my

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chat with Victoria. Victoria Divine, Welcome to the Crappy to

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Happy Podcast. Such a pleasure to have you here today, Cas.

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Thank you for having me.

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I'm really excited.

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I love having another podcaster on the show. One podcast

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or to another, you're all across the podcasting format. But Victoria,

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I want to talk to you today about your brand

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new book, which is called She's on the Money, same

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name as the podcast. Congratulations by the way on the book.

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It's thank you.

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It's great and I know the effort that goes into

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writing them, so well done.

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You have your own so that would make a lot

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of sense, my friend.

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It does, it does.

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Oh god, I know, But Victoria, tell me what inspired you,

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first of all to become a financial advisor.

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So way back when I wasn't a financial advisor, I

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actually worked in a space called organizational psychology, which is

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essentially the science of people at work. And I was

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really young and not very good at money myself, and

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found myself in a few sticky conversations with people a

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lot older than me, asking questions about engagement and asking

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questions about finances that say, oh, well, we're not you know,

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we're not engaged at work, not because of my boss,

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don't worry, Victoria's actually just because I've got a mortgage paid.

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I'm really stressed about it. And I'd be like, oh,

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I don't know how to.

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Have this conversation.

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So I started learning a little bit more about finance,

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and from there I just kind of fell in love

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with it and found myself in a position where I

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was able to migrate over to financial advice instead of

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working in orgsych And I guess I've never looked back.

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That's so interesting, isn't that?

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I just know so many stories, I mean, myself included

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where we go off on a path and then realize, oh,

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this isn't actually the thing for me. There's this other

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thing that actually interests me a whole lot more, and

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that's how we find our place. So you make it

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really clear, and this is the thing that really interests

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me about money stuff. You say right up front that

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everybody has a money story, and I think that is

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so true and that has such an impact on our

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financial life. I'm curious to know, Victoria, what's your money story?

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Oh what was your money story?

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So historically I wasn't so good with money when I

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was young. I did get myself into some personal debt

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but managed to put myself in a position where I

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got out of it, which was really good, but it definitely.

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Wasn't a positive one.

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And I know exactly what it feels like to feel

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sick at night because you're like, well, how am I

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going to pay off this debt? It feels really overwhelming.

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So it's not as though I've come from a position where.

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I'm like, oh, I'm actually the Holy greal of money,

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like I'm not. And I actually despise being put on

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that pedestal because people are like, oh, you must be

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perfect at finance. I'm like, no, no, no, no, I'm telling

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you to do what I didn't do. Like I'm telling

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you to do the things that I wish someone else

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had told me to do. So I think it's one

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of those things where I didn't have a positive money

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story and now I do, and it's one of those

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things that.

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Really, you know, I love sharing with other people.

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Yeah, I love that too, And I think you're right

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there can be so much pressure in that, can't They

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like that when you start talking about a subject and

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people expect that you've got it all together, like, it

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can be. Yeah, it can really be a lot of

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pressure and you should know.

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What you're talking about.

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And I'm like, yeah, well like I do, but it

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doesn't mean I'm perfect.

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Yes, exactly exactly.

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And your experience makes you so much more relatable when

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you can really connect with the very real struggles that

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people experience, I think that that's really it's kind of important.

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Yeah, exactly, like I just I also feel like to

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be able to share the empathy from a really real place,

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especially when it comes to money, has been really essential

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because I think people nowadays especially really see straight through

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people who aren't as authentic when it comes to struggle

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and journey, and I just think it's really important that

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people know that about me in addition to knowing what

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I have to share and provide.

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So let's just talk about that when it comes to

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helping people to better manage their money, and we'll get

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to some of that, you know, the nuts and bolts

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of that in a minute. But how important is it

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for people to understand their psychology like that story about money.

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I think it's really important.

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Like it is the first chapter of my book, it

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is the first podcast of my podcast. It is the

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thing that I say to every single one of my clients, like,

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if you don't know where you're starting from, how on

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earth do you know where you are going? How do

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you know what the next step is when you don't

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even know what direction you are coming from. So for me,

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it is honestly one of the most essential parts of

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understanding your money journey, because if you start setting goals

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and money goals and money habits based on not knowing yourself,

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they're not going to stick because they're not actually.

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Made for you.

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They're made for what you think you are instead of

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what the reality is.

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So as much as it can be hard, and overwhelming.

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It's so many people just want to put their heads

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in the sand and not deal with it at all.

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The second you start dealing with it, the second you

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become far more empowered when it comes to all things money.

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And so when we talk about money story, thinking there

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might be somebody listening here going, what are you talking about?

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What do you mean my money story? Can you how

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do you describe that?

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So a money story is the inherent thoughts, behaviors, beliefs,

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and values that you personally hold around money. And when

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you start talking about money stories, research actually tells us

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that you start to build your money story at the

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age of seven years old.

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And you do this because you.

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Start to learn about what is surrounding you and what

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you know your parental figures.

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Are making decisions on money with.

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And it's one of those things that you don't realize it,

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but it's inherent, Like you don't actually have a choice

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in your money story. The choice you have in money

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story is what it's going to be in the future,

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not what it was. So it's really important to draw

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that line in the sand and say I had no

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control over that, but I have control over the future,

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and I guess A good example of.

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That is when someone is young and you.

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Know, they're eighteen and they've just got their first credit

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card and they've got no worries in the world.

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They're just tap happy.

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It might be because they've grown up in a really

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wealthy family and money's never been an issue. It's never

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been something that's caused anxiety. And then you might see

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it on the flip side, someone in their thirties who's

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been really successful in their career financially and they actually

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save every single dollar because they still have this frugal

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mentality because that's what they actually learned growing up that

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money was scarce and you have to hold on to it,

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and investing is scary, and buying a property is scary,

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so they just hold it all in their savings account,

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and even though they can afford a different lifestyle, they

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don't live it because they just still feel a lot

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of anxiety around their money story. So to me, that's

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what money stories are, and every single person has a

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different one. So regardless of how you grew up, Like

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I have a little sister, our money stories are going

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to be different, even though we have the same parents.

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So I think it's really important to remember that your

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journey is unique, and that's why it's important to understand

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that before we even try to set a budget, before

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all we try to change our future financial habits, because

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if we can't understand where we're coming from, literally, how

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do we know where we're going.

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So let's talk about that younger generation. Then I am

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well into my forties. There's a whole lot of people

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now coming out of UNI, getting their first jobs, buying

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their first car, saving for a house. Like, they're in

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a whole different situation than the one that I was in.

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What are the challenges that face younger people Victoria trying

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to really get a good foundation in building a solid

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financial future.

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I think it's all about This is going to sound

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so bland, and I apologize in advance because it's not

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what you want to hear. You want to hear some

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super sexy answer, and the reality is it's just about budgeting.

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It's about effectively budgeting and working out what your goals are.

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Because the biggest challenges that we face as millennials one

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of the stereotypes that are put on us because we

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are apparently not as good at money management as previous generations,

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when in reality, property has never been more expensive. And

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when we say property has never been more expensive, we're

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not just saying it's increased in price. We're actually discussing

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the fact that you know, historically, I remember when my

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dad talks about purchasing his very first property, and he's

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much older than you are. Sorry, Dad, but a house

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for him costs double his income each year.

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But for me, that's never going to be feasible.

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A house for me now, as a millennial's going to

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cost ten, twelve, fourteen times my annual salary, which is wild.

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And I think too many times people keep saying like, oh, yeah,

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the interest rates are so low.

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Millennials have it so easy.

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Don't you remember when interest rates were twenty two percent?

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And you go, yes, But at the crux of it,

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houses will double your annual salary, and now they are

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ten to twelve times the annual salary, which makes them

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almost completely out of reach for many. And I think

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that that's something that we just don't even can see

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when talking about millennials in entitlement and property, because it's

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the great Australian dream to own you're inn home, and

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we all, like, not all of us want that, but

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we all want some level of financial security and stability,

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and that for us as an Australian, it has been

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a way that has been fed to us to create that.

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And when we get told like, oh, I'm so sorry, Victoria,

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like you're not in a position to ever be able

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to afford a home, that's heartbreaking because you don't just

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feel like, oh, I can't buy property as an asset

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class because you're not a financial advisor.

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You're not like, oh, okay, that doesn't actually matter. There's

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a whole heap of other asset classes I could invest in.

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You go, wow, I'm never going to be financially secure,

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when in reality, property is just an asset that we

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purchase to create wealth and if it's not the right

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asset for us, we should be looking elsewhere. And I

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feel like historically, as in over the last five years,

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so maybe not the true definition of historically, but we've

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been fed these I guess quotes about how millennials are

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all about smashed avocado. But I am yet to see

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a millennial who has stopped going to their twenty dollars

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Saturday branches and at the end of the year been

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able to afford a home because of it. So I

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think that there is a lot of I guess, stereotyping

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going on, and we don't get the credit that we

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deserve when it comes to financial money management.

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Because if we then look.

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Into how many investors there are, millennials as a generation

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are now the biggest investors. So even though we can't

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get into the property marketers easily, we are actually investing

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in a lot of other asset classes and looking for

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different ways to diversify our wealth, which I think is

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a much better story. But it doesn't look as sexy

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on newspapers, so maybe they'll keep up with the AVO mentality.

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Well, I'm really glad that you brought that up, because

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I was going to say I bought my house when

264
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my first house when I was twenty four, and you know,

265
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good on me. I didn't actually save that money. I

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inherited about ten grant right, and I think my salary

267
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at the time is about forty thousand and which is

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pretty good at the time. And I bought a house

269
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for one hundred and thirty thousand dollars. And when I

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look around today, not at property prices, I feel my

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heart breaks for I've got a fifteen year old daughter,

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you know, like I think, how will those kids ever

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be able to get themselves into property?

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So I'm really glad to hear you saying it's all fine.

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There are other things that you can do, and there

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are other ways that you can invest. So how can

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younger people invest so that they can start to build

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that solid foundation.

279
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Yeah, So investing in general is really fickle because there

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are lots of different ways to invest, and there are

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lots of different strategies and lots of different opinions. And

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to be honest, I don't have an opinion on exactly

283
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how millennials should invest, because they should all be investing

284
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differently based on their goals and their investment risk profile,

285
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and you know how it actually aligns to their values

286
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and their future. For me, I think it's really important

287
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to just educate ourselves around what investing can do, because

288
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giving ourselves that foundational motivation to create that is really

289
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important because too many times people are like, I need

290
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to save up for my first home. I need to

291
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save up one hundred thousand dollar deposit, which honestly is

292
00:14:16.759 --> 00:14:19.519
so much money it is wild, But then I need

293
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to take on this massive debt, when in reality, if

294
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we could just at twenty like, you've got a fifteen

295
00:14:24.960 --> 00:14:27.919
year old daughter. So let's use an example of she's

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maybe just finished high school, and then she gets out

297
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of high school, she's twenty years old, and she's you know,

298
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had a couple of years of mucking around, and now

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she's going to take her finances seriously.

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And she's twenty.

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If she started investing five hundred dollars each and every

302
00:14:44.720 --> 00:14:47.600
single month, I know that's a lot of money, but

303
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if you're working part time and you are you know, hustling,

304
00:14:50.759 --> 00:14:54.039
you can actually make that happen. It's not too unfeasible.

305
00:14:54.720 --> 00:14:58.279
Five hundred dollars a month. If she hypothetically just saved

306
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that amount all the way until retire she'd have about

307
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two hundred and forty thousand dollars saved, which we know

308
00:15:04.840 --> 00:15:08.639
has that's not enough money to retire on, but that

309
00:15:08.720 --> 00:15:11.440
sounds like a pretty good amount of savings. But if

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we look at it in the investment sense and go, okay, cool,

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if that was compounding at seven point five percent each

312
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and every single year, which is a pretty conservative like estimate,

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instead of saving, and we invested it, she'd actually have

314
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an investment portfolio of one point two million dollars. So

315
00:15:28.840 --> 00:15:33.039
that is the difference between saving instead of investing. You

316
00:15:33.080 --> 00:15:35.720
would either have two hundred and forty thousand dollars or

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one point two million dollars.

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And this time is the same, the.

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Money is the same, the investment that you are making

320
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is the same, but that compounding growth over that period

321
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of time has essentially made you a million dollars worth

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of free money. And now I call it free money

323
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because it sounds a lot sexier than just being like

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compounding interest.

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But the exciting thing about that is.

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There are so many different ways to do that, different ways,

327
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different apps, different strategies, and my community talk about a

328
00:16:05.919 --> 00:16:09.159
lot of them. So my community are into things like

329
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micro investing, which is where you can start for as

330
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little as like five dollars on platforms like Shares, these Rays, Spaceship,

331
00:16:17.360 --> 00:16:20.200
Clover like. There are so many of them, and I

332
00:16:20.320 --> 00:16:23.600
adore all of them, not because I'm recommending them as

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a financial advisor, but because they also help you build

334
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your financial literacy.

335
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Then there are those middle ground platforms like robo advice.

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I have a robo advice platform with six Park because

337
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I've partnered with them to create that because I just

338
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honestly see financial advice or specifically investment advice as being

339
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so far away from being attainable for millennials. It's not

340
00:16:47.919 --> 00:16:51.159
funny with the average statement of advice in Australia being

341
00:16:51.200 --> 00:16:55.679
three two hundred dollars and most millennials feeling like they

342
00:16:55.679 --> 00:16:59.840
should start their investment journey with five thousand dollars. Like that,

343
00:17:00.000 --> 00:17:02.039
that's telling you that you need to pay and a

344
00:17:02.080 --> 00:17:04.799
financial advisor more than half of your savings to even begin.

345
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That makes me feel sick.

346
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So we have created this investment platform that can help

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millennials start investing in a well diversified share portfolio that

348
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is well managed for like ten dollars a month, which

349
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is I think a pretty good money win.

350
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And then there are different ways to manage.

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It yourself that you don't have to sign up to

352
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a platform that manages it for you.

353
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You could go on buy.

354
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An ETF, which is an exchange traded fund, which is

355
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essentially buying a stock that is already well diversified in

356
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a number of different shares, or you could give it

357
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a crack at buying individual shares on your own and

358
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making your own portfolio. But I think the most that

359
00:17:43.480 --> 00:17:47.200
sounds overwhelming. I promise you it's not. Buying shares online

360
00:17:47.240 --> 00:17:49.519
is literally as easy as shopping.

361
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On the iconic. It is not hard. We just have

362
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to know where to.

363
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Go, and to know where to go, we actually just

364
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have to educate ourselves on what we want to do

365
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in the first place.

366
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Yeah, that's so, that's amazing that people can invest in

367
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shares for such a small investment. I only recently, myself,

368
00:18:05.920 --> 00:18:09.319
to be honest, got onto ETFs and I was it

369
00:18:09.640 --> 00:18:12.160
was actually fun for me to start jumping on and

370
00:18:12.400 --> 00:18:15.440
doing research and knowing that I just needed five hundred

371
00:18:15.480 --> 00:18:17.319
bucks or a thousand bucks, you know, which is pretty

372
00:18:17.319 --> 00:18:21.079
manageable for most people. Exactly to start to buy these

373
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little share bundles and to start feeling like you're getting ahead.

374
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And I mean hearing that from you is probably far

375
00:18:26.799 --> 00:18:29.519
more empowering than hearing it from a financial advisor, because

376
00:18:29.559 --> 00:18:29.920
you were like.

377
00:18:29.880 --> 00:18:33.519
Of course, she's into shares. But when it came to that.

378
00:18:33.519 --> 00:18:36.559
Did you find it really hard to research? Like or

379
00:18:36.640 --> 00:18:39.440
was it all easily accessible? Like where did you start?

380
00:18:40.160 --> 00:18:44.559
I went to Blackrock and Vanguard were two that were recommended,

381
00:18:45.039 --> 00:18:48.720
and just as or whatever they are, they're kind of

382
00:18:48.759 --> 00:18:50.559
companies that have two.

383
00:18:50.400 --> 00:18:52.559
Of the biggest asset managers in the world.

384
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There you go.

385
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See you've got the lingo, and so you can look

386
00:18:55.519 --> 00:18:56.920
at you can look them all like you can see

387
00:18:56.960 --> 00:18:59.839
what sort of companies they invest in, and you can

388
00:18:59.839 --> 00:19:01.880
see see how much one costs. So whether it's twenty

389
00:19:01.960 --> 00:19:04.119
dollars or seventy dollars, you can work out how many

390
00:19:04.119 --> 00:19:06.359
you can afford for your five hundred bucks or in

391
00:19:06.400 --> 00:19:09.400
a thousand dollars, and then you just I literally opened

392
00:19:09.480 --> 00:19:12.519
up this share investment account with my own bank I've

393
00:19:12.519 --> 00:19:14.960
happened to bank with. Well, I don't need to plug

394
00:19:14.960 --> 00:19:16.880
the bank, but any of the big banks.

395
00:19:16.720 --> 00:19:19.319
Yep, they all have their own platforms.

396
00:19:18.720 --> 00:19:20.599
Right, And then it was just transfer the money by

397
00:19:20.640 --> 00:19:23.319
the shares done by the UTF exactly.

398
00:19:23.359 --> 00:19:25.079
It is as easy as online shopping.

399
00:19:25.160 --> 00:19:28.680
And I think too many times we get what is

400
00:19:28.799 --> 00:19:31.960
called analysis paralysis, where we just feel like there's too

401
00:19:32.000 --> 00:19:34.240
many options out there and we just don't know where

402
00:19:34.279 --> 00:19:37.000
to start. And I think it's okay to dabble, Like

403
00:19:37.079 --> 00:19:39.799
a lot of my community talk about how they just

404
00:19:39.839 --> 00:19:42.440
begin on a micro investing platform and then graduate to

405
00:19:42.480 --> 00:19:45.880
something different once they feel like they are more financially

406
00:19:46.200 --> 00:19:50.160
literate or secure or maybe they've used their micro investing

407
00:19:50.200 --> 00:19:52.839
platform to save their first five thousand dollars so that

408
00:19:52.880 --> 00:19:55.640
then they can go buy a whole heap of bundles

409
00:19:55.640 --> 00:19:56.359
of ets.

410
00:19:56.400 --> 00:19:59.039
But it's completely different for everybody.

411
00:19:59.079 --> 00:20:01.519
But I think the most importanortant thing here is remembering

412
00:20:01.559 --> 00:20:05.480
that it's actually about your values and you can select

413
00:20:05.640 --> 00:20:08.519
things that work for you instead of looking at the

414
00:20:08.559 --> 00:20:10.720
whole investment market as a whole.

415
00:20:11.119 --> 00:20:13.079
You can go, okay, cool, what are my values?

416
00:20:13.160 --> 00:20:16.640
Okay, Victoria, I'm an ethical investor, Like I don't want

417
00:20:16.680 --> 00:20:19.559
to buy things that are in coal or mining or

418
00:20:19.599 --> 00:20:23.039
things that support animal cruelty. So I go, okay, cool,

419
00:20:23.079 --> 00:20:25.440
I'm going to start there and find that niche and

420
00:20:25.480 --> 00:20:28.559
find what works for that. What types of assets can

421
00:20:28.599 --> 00:20:31.000
I buy that fit with my values? And then I

422
00:20:31.079 --> 00:20:33.039
knock off the table the ones that are probably too

423
00:20:33.039 --> 00:20:36.319
expensive for me or the ones that maybe aren't as exciting,

424
00:20:36.599 --> 00:20:39.559
and then I'm left with a far smaller list of

425
00:20:39.599 --> 00:20:42.640
things to pick from. And then that's where we can begin.

426
00:20:43.039 --> 00:20:45.799
So it's not necessarily about going, well, I don't know

427
00:20:45.839 --> 00:20:46.519
what share.

428
00:20:46.279 --> 00:20:47.000
To pick, Victoria.

429
00:20:47.079 --> 00:20:49.519
It's like, well, actually, the question here is what are

430
00:20:49.519 --> 00:20:52.759
we trying to achieve? Why are we investing? Who are

431
00:20:52.799 --> 00:20:55.160
you as a person? What types of things do you

432
00:20:55.200 --> 00:20:58.000
want to invest in? Because I think the most important

433
00:20:58.000 --> 00:21:02.119
thing as well is being about what you're purchasing. Like

434
00:21:02.200 --> 00:21:05.440
if you said to me, Victoria, you're purchasing bitch p shares,

435
00:21:05.480 --> 00:21:07.920
I'd be like, Oh, I don't really care about that.

436
00:21:08.000 --> 00:21:10.160
I don't really want to do that. I don't really

437
00:21:10.440 --> 00:21:13.079
have any connection to that. But if you said to me.

438
00:21:13.039 --> 00:21:15.279
Hey, Victoria, you're buying this cool company that has this

439
00:21:15.359 --> 00:21:18.759
really great resourcing program and they are sustainable and they

440
00:21:18.799 --> 00:21:21.559
do this for the environment, and you know you're actually

441
00:21:21.559 --> 00:21:24.359
already interested in this business, I'd be like, oh, okay.

442
00:21:24.160 --> 00:21:26.839
Can I watch them? And I get excited about the journey.

443
00:21:27.079 --> 00:21:31.240
So find something that you personally connect with, because then

444
00:21:31.359 --> 00:21:34.359
checking your portfolio isn't a drag, it's actually a bit

445
00:21:34.400 --> 00:21:36.839
exciting because you get to see what the market is

446
00:21:36.960 --> 00:21:37.240
up to.

447
00:21:37.720 --> 00:21:41.359
Yeah, it's fun. It actually is really fun, and you're right,

448
00:21:41.359 --> 00:21:42.279
it's really empowering.

449
00:21:42.400 --> 00:21:43.359
Exactly it is.

450
00:21:45.720 --> 00:21:47.200
I want to.

451
00:21:47.920 --> 00:21:50.799
Ask you because I know that you have a largely

452
00:21:50.839 --> 00:21:54.079
female audience, and so do why young women and men

453
00:21:54.960 --> 00:21:58.880
getting into a relationship, you know, pooling their finances, getting engaged,

454
00:21:58.920 --> 00:22:03.079
getting marriedly, looking to buy a house? What do you

455
00:22:03.160 --> 00:22:05.200
think that young people can do? This is going to

456
00:22:05.240 --> 00:22:08.880
sound like really cynical, but a lot of relationships don't last.

457
00:22:08.640 --> 00:22:11.799
Like fifty percent of marriages and in divorce, Cass, like,

458
00:22:12.319 --> 00:22:14.759
we can't not be cynical around this.

459
00:22:14.640 --> 00:22:18.400
Stuff, right right, Nobody wants to think about it or

460
00:22:18.440 --> 00:22:20.440
admit it. Everybody thinks that's not going to be them.

461
00:22:20.480 --> 00:22:22.519
And I'm really interested to know what should young people

462
00:22:22.519 --> 00:22:26.039
be doing. Would you recommend for protecting their assets in

463
00:22:26.079 --> 00:22:28.279
the case that that relationship goes pear shaped?

464
00:22:28.559 --> 00:22:30.440
Yeah, so I think that there are a number of things.

465
00:22:30.440 --> 00:22:32.759
So if you've gotten into a relationship when you're really young,

466
00:22:33.799 --> 00:22:37.119
what you create in that relationship is referred to as

467
00:22:37.119 --> 00:22:39.920
a marital asset. Now, I'm not a state planning lawyer,

468
00:22:39.960 --> 00:22:42.359
nor am I a divorce lawyer, but I do know

469
00:22:42.799 --> 00:22:44.519
that I have gone through a lot of diorces with

470
00:22:44.559 --> 00:22:46.839
a lot of my clients. And if you created that

471
00:22:46.920 --> 00:22:50.920
asset inside your marriage or inside your relationship, you are

472
00:22:51.079 --> 00:22:54.680
actually meant to split it in some way, shape or form.

473
00:22:55.000 --> 00:22:57.240
But if you, for example, Cass, you said you had

474
00:22:57.240 --> 00:23:00.160
an inheritance, So let's use that as an example. Say

475
00:23:00.160 --> 00:23:03.079
every example, you're young and you've got this inheritance and

476
00:23:03.119 --> 00:23:04.839
you've used it to buy your first home, and then

477
00:23:04.880 --> 00:23:06.880
you meet the man of your dreams and you've decided

478
00:23:06.920 --> 00:23:07.720
to get married.

479
00:23:08.200 --> 00:23:10.640
That's an asset that you probably want to protect.

480
00:23:10.799 --> 00:23:14.680
Like I purchased that, or you purchase that with an inheritance,

481
00:23:14.759 --> 00:23:17.400
that means that it's probably a little bit more meaningful

482
00:23:17.440 --> 00:23:20.640
than just your first home as well. So we want,

483
00:23:20.759 --> 00:23:25.480
probably it's very exciting, a binding financial agreement, which says,

484
00:23:25.599 --> 00:23:28.240
if we are going to separate at any point in time,

485
00:23:28.599 --> 00:23:30.880
this is what we are agreeing to in the future.

486
00:23:31.400 --> 00:23:35.079
I've done full podcast episodes on binding financial agreements, or

487
00:23:35.119 --> 00:23:38.400
bfas as we call them for short. But the reason

488
00:23:38.519 --> 00:23:40.839
I love these is because you get to sit down

489
00:23:40.880 --> 00:23:43.640
with the person that at the time you adore, at

490
00:23:43.680 --> 00:23:46.240
the time you love and talk about Look, I know

491
00:23:46.359 --> 00:23:47.960
that hopefully this never happens.

492
00:23:48.000 --> 00:23:51.359
No one goes into a marriage hoping that it ends right.

493
00:23:51.519 --> 00:23:54.799
Nobody, So sitting down with the person you love and

494
00:23:54.920 --> 00:23:56.599
going all right, well, I just want to make sure

495
00:23:56.640 --> 00:23:59.519
that if everything went south, we're both in the best

496
00:23:59.519 --> 00:24:02.640
possible position. And while you're in a good place and

497
00:24:02.680 --> 00:24:06.359
while you have a positive relationship, and while you assumably

498
00:24:06.400 --> 00:24:08.440
want the best for each other, you can go all right, well,

499
00:24:08.480 --> 00:24:10.799
cas if we broke up, you could have this and

500
00:24:11.000 --> 00:24:13.559
I would do this, and this is how we'd split things.

501
00:24:13.559 --> 00:24:15.960
And then we both sign that agreement so that when

502
00:24:16.000 --> 00:24:18.599
things go south and they aren't your most favorite person

503
00:24:18.640 --> 00:24:20.400
in the world, you can go no, we have this

504
00:24:20.519 --> 00:24:23.759
agreement that we both agreed to when we both wanted

505
00:24:23.799 --> 00:24:25.920
the best for each other. And I think that that

506
00:24:26.119 --> 00:24:28.359
is a really nice way of looking at it and

507
00:24:28.359 --> 00:24:31.079
going no. Hopefully it's just a document that gets put

508
00:24:31.160 --> 00:24:33.400
in a draw that we never have to look at again.

509
00:24:34.079 --> 00:24:37.680
And I know it's overwhelming, and I tell my community

510
00:24:37.680 --> 00:24:38.359
to just blame me.

511
00:24:38.720 --> 00:24:40.400
I'm like, just blame me. I am happy to be

512
00:24:40.440 --> 00:24:41.079
the scapegoat.

513
00:24:41.160 --> 00:24:41.359
Be like.

514
00:24:41.359 --> 00:24:43.039
I'll listen to this podcast.

515
00:24:42.559 --> 00:24:44.960
And there was this draina called Victoria, and she said

516
00:24:45.160 --> 00:24:47.799
that we needed a binding financial agreement. So I want

517
00:24:47.839 --> 00:24:49.440
to talk about it, like, I'm happy to be that

518
00:24:49.519 --> 00:24:52.960
person for you guys, because it is so hard to

519
00:24:53.039 --> 00:24:56.720
bring up. But the second it's brought up, it's also

520
00:24:56.759 --> 00:25:00.200
a bit of a conversation around For it's not a conversation,

521
00:25:00.319 --> 00:25:03.960
it's more of a piece of information for you. How's

522
00:25:04.039 --> 00:25:06.839
that person dealing with the fact that you're bringing that up?

523
00:25:07.079 --> 00:25:09.759
Are they really defensive? Is that something that is you

524
00:25:09.759 --> 00:25:11.759
know a bit of a red flag, like what is

525
00:25:11.839 --> 00:25:14.440
going on in that situation, because if you're bringing it

526
00:25:14.519 --> 00:25:16.680
up to put them in the best possible position, because

527
00:25:16.680 --> 00:25:19.279
don't forget, binding financial agreement isn't just about you, It's

528
00:25:19.319 --> 00:25:23.160
actually about both sides getting an equitable outcome. If you

529
00:25:23.319 --> 00:25:27.440
are approaching that situation, I would see some red flags

530
00:25:27.440 --> 00:25:30.799
if somebody was really against signing that, And that's kind

531
00:25:30.799 --> 00:25:31.880
of that's my opinion.

532
00:25:31.960 --> 00:25:34.319
But I do think that we need to protect ourselves.

533
00:25:34.720 --> 00:25:38.000
And when it comes to relationships and money, no relationship

534
00:25:38.079 --> 00:25:41.759
is the same. I've talked about this publicly before on

535
00:25:41.839 --> 00:25:45.440
my podcast, but my partner and I share our finances.

536
00:25:45.319 --> 00:25:47.440
And the reason we do is because it's just easiest.

537
00:25:47.599 --> 00:25:50.240
That started happening when we got a mortgage together and

538
00:25:50.319 --> 00:25:52.960
life just got a whole heap more hectic. We have

539
00:25:53.119 --> 00:25:56.160
three pets together, this mortgage, Like, we have a lot

540
00:25:56.160 --> 00:25:58.119
of shared finances, so.

541
00:25:58.119 --> 00:25:58.880
It makes sense.

542
00:25:59.319 --> 00:26:02.920
But I still have my own personal emergency fund. And

543
00:26:02.960 --> 00:26:05.640
the reason I have that emergency fund is not because

544
00:26:05.680 --> 00:26:07.839
I don't trust my partner, because I do to the

545
00:26:07.960 --> 00:26:10.920
end of the earth. But that emergency fund means that

546
00:26:11.000 --> 00:26:14.400
at any point in time, day or night, I can

547
00:26:14.440 --> 00:26:18.559
disappear up out of a financial situation, a relationship, a place,

548
00:26:18.640 --> 00:26:22.359
a location. I could fly myself back to my home

549
00:26:22.400 --> 00:26:26.039
if I was overseasoned, stuck. So I'm never in a

550
00:26:26.079 --> 00:26:29.759
financial pickle. And I think that absolutely everybody should have that,

551
00:26:29.839 --> 00:26:32.599
regardless of who you are, regardless of how much you

552
00:26:32.680 --> 00:26:35.160
trust your partner, even if you're like by Victoria, we

553
00:26:35.240 --> 00:26:38.799
have our own emergency fund together, I go great, But like,

554
00:26:39.119 --> 00:26:41.920
what if everything goes south and that person has the

555
00:26:41.960 --> 00:26:43.680
ability to freeze your assets?

556
00:26:44.079 --> 00:26:44.960
What if that happens?

557
00:26:45.119 --> 00:26:45.960
Yeah, exactly.

558
00:26:46.160 --> 00:26:49.079
So I don't want to be negative. I don't want

559
00:26:49.119 --> 00:26:51.119
to be that person, but I do want you to

560
00:26:51.119 --> 00:26:53.640
be empowered. And I think just saying it's not necessarily

561
00:26:53.759 --> 00:26:57.680
just about your relationship. It's not about having those joint finances.

562
00:26:57.759 --> 00:27:00.400
We're just talking about you having access to money at

563
00:27:00.440 --> 00:27:04.880
all times to escape any relationship, situation, even a job

564
00:27:04.960 --> 00:27:07.480
you don't like. Like, what if you are in a

565
00:27:07.519 --> 00:27:10.319
situation you're like, you, I cannot deal with this boss anymore.

566
00:27:10.359 --> 00:27:13.400
They are terrible. Well, my friend, you have saved an

567
00:27:13.400 --> 00:27:16.640
emergency account for things like this, so you don't have

568
00:27:16.720 --> 00:27:19.359
to be in any kind of situation that you don't

569
00:27:19.400 --> 00:27:22.359
want to be anymore. So it kind of extends beyond

570
00:27:22.720 --> 00:27:26.359
just relationships and goes, how are you putting yourself in

571
00:27:26.400 --> 00:27:30.440
the best possible financial position, because it's not just your

572
00:27:30.599 --> 00:27:32.880
partner who can financially cripple you.

573
00:27:33.400 --> 00:27:36.640
I think that is really important. I'm so glad that

574
00:27:36.720 --> 00:27:39.599
you brought that up as well, because I think when

575
00:27:39.640 --> 00:27:41.359
we start, I mean, especially when you're young and you

576
00:27:41.440 --> 00:27:44.480
may be working full time for the first time and

577
00:27:44.519 --> 00:27:46.680
it's the first time you've had access to disposable income,

578
00:27:46.680 --> 00:27:48.960
there's a lot of fun stuff to spend money on.

579
00:27:49.079 --> 00:27:51.200
Right, Oh my gosh, I was so good at spending

580
00:27:51.240 --> 00:27:52.079
when I was younger.

581
00:27:52.160 --> 00:27:54.279
I promise like I have done it all.

582
00:27:54.599 --> 00:27:57.720
It's true, there's a lot of stuff to spend your

583
00:27:57.759 --> 00:28:02.759
money on, and it can feel a drag to park money,

584
00:28:02.799 --> 00:28:05.559
to force yourself to put money away. But when you

585
00:28:05.599 --> 00:28:07.920
start thinking about like you said, it's all values and stuff,

586
00:28:07.920 --> 00:28:11.319
But when you start thinking about the more important issues

587
00:28:11.359 --> 00:28:14.839
that potentially like the protection that you're affording yourself and

588
00:28:14.880 --> 00:28:18.079
the empowerment that comes with having that emergency fund. It

589
00:28:18.119 --> 00:28:21.079
kind of gives you, I think, more of a motivation

590
00:28:21.319 --> 00:28:24.960
to really make the effort to save something, to put

591
00:28:25.000 --> 00:28:25.640
something away.

592
00:28:25.960 --> 00:28:26.200
Yeah.

593
00:28:26.240 --> 00:28:29.279
Absolutely, And I think it's important as well to remember

594
00:28:29.400 --> 00:28:33.799
that it's not you sacrificing something. I find it a

595
00:28:33.839 --> 00:28:37.559
really contradictory position to be in when people are like, oh, yeah,

596
00:28:37.559 --> 00:28:40.119
but I worked so hard this week, and so I

597
00:28:40.200 --> 00:28:43.160
deserve to buy another pair of shoes, a handbag, a top,

598
00:28:43.240 --> 00:28:45.920
going out with your friends, whatever. It is, Like, hold on,

599
00:28:45.960 --> 00:28:48.319
you're telling me you worked extra hard so that you

600
00:28:48.319 --> 00:28:50.799
could throw all of the asset that you just created

601
00:28:50.839 --> 00:28:54.160
from doing extra hard work away, so that at the

602
00:28:54.200 --> 00:28:56.240
start of the next week you're going to start from

603
00:28:56.240 --> 00:28:56.839
scratch again.

604
00:28:56.920 --> 00:28:58.799
Instead of being in a better financial.

605
00:28:58.359 --> 00:29:01.400
Position in the long term, you want to be looking

606
00:29:01.440 --> 00:29:04.519
after future you. If you've worked over time or worked

607
00:29:04.519 --> 00:29:08.440
really hard to save some money, it's not treat yourself money,

608
00:29:08.480 --> 00:29:11.599
it's treat your future self money to the financial freedom

609
00:29:11.640 --> 00:29:14.480
that they deserve. And I think that too many times

610
00:29:14.559 --> 00:29:19.880
we mistake treating ourselves with material items that make us

611
00:29:19.880 --> 00:29:22.400
feel good for a short period of time, but long

612
00:29:22.480 --> 00:29:25.559
term put us in a I guess not so good

613
00:29:25.640 --> 00:29:29.759
financial position, which creates more stress because money doesn't just

614
00:29:29.839 --> 00:29:32.920
impact your financial life, It impacts your relationships, It impacts

615
00:29:32.960 --> 00:29:37.599
you mentally, spiritually, physically, it impacts literally everything, and money

616
00:29:37.720 --> 00:29:40.960
is more often than not, at the crux of every problem.

617
00:29:41.279 --> 00:29:43.920
So I think it's important to remember that future you

618
00:29:44.119 --> 00:29:47.680
actually needs financial security, and by not buying that extra

619
00:29:47.759 --> 00:29:50.680
drink when you're out, or you know, maybe not splurging

620
00:29:50.720 --> 00:29:52.799
on a bag because you had a really big week

621
00:29:52.839 --> 00:29:56.079
at work, you're actually making the best decision for you.

622
00:29:56.319 --> 00:30:00.519
And in a way, I believe that financial literally and

623
00:30:00.640 --> 00:30:03.680
making good financial decisions is one of the best forms

624
00:30:03.680 --> 00:30:06.079
of self care that anyone can exercise.

625
00:30:10.119 --> 00:30:13.400
I hope that you're enjoying this conversation and realizing the

626
00:30:13.480 --> 00:30:16.359
benefits of positivity in your own life. If you are

627
00:30:16.480 --> 00:30:19.200
enjoying the show, please be sure to like and subscribe

628
00:30:19.240 --> 00:30:21.559
so that you get notified when you apps drop and

629
00:30:21.640 --> 00:30:24.079
head on over to Apple Podcasts or wherever you listen

630
00:30:24.160 --> 00:30:25.599
and leave us a rating and review.

631
00:30:32.640 --> 00:30:33.519
Do you have any sort.

632
00:30:33.400 --> 00:30:36.400
Of basic principles, Victoria, like you know about how young

633
00:30:36.440 --> 00:30:40.920
people can find that balance to be able to feel like, Yeah,

634
00:30:40.960 --> 00:30:42.720
you can go out and enjoy life and you can

635
00:30:42.960 --> 00:30:46.200
have the holiday, go to the restaurant, but to also

636
00:30:46.359 --> 00:30:48.519
be you know, being kind to future you, like if

637
00:30:48.519 --> 00:30:51.400
you've got any sort of simple formulas that you generally recommend.

638
00:30:51.559 --> 00:30:53.039
I understand it's very individual.

639
00:30:53.160 --> 00:30:55.319
Well, it's totally individual, but at the same time, it's

640
00:30:55.359 --> 00:30:59.039
exactly the same as like for everybody. And that's actually

641
00:30:59.200 --> 00:31:01.799
back to what I will say before about your values

642
00:31:01.839 --> 00:31:04.720
and knowing you and knowing what you want to achieve.

643
00:31:05.160 --> 00:31:06.559
And I don't believe.

644
00:31:06.640 --> 00:31:10.920
In fact, I'm very, very very against percentage based budgeting

645
00:31:10.960 --> 00:31:14.720
models because I think that it puts really unrealistic standards

646
00:31:14.720 --> 00:31:18.240
and expectations on people. And I guess a good example

647
00:31:18.279 --> 00:31:20.160
of this is if you're a single mum, you earn

648
00:31:20.240 --> 00:31:23.480
fifty grand a year, you're putting food on the table,

649
00:31:23.559 --> 00:31:25.240
and then you read a book that tells you that

650
00:31:25.319 --> 00:31:28.200
you need to save twenty percent of your income each

651
00:31:28.240 --> 00:31:32.240
and every single month, Like that's actually really unachievable for you,

652
00:31:32.559 --> 00:31:36.079
and that expectation is going to make you feel terrible

653
00:31:36.119 --> 00:31:38.359
about yourself when in reality you're.

654
00:31:38.160 --> 00:31:40.519
Doing an epic job. You are doing the best that

655
00:31:40.559 --> 00:31:41.920
you absolutely can.

656
00:31:42.400 --> 00:31:46.240
And let's be honest, for some financial situation, saving isn't

657
00:31:46.240 --> 00:31:47.759
an option at that period of time.

658
00:31:48.000 --> 00:31:49.559
It's something that can be aspirational.

659
00:31:49.640 --> 00:31:52.680
We can save later, Like sometimes it's just about putting

660
00:31:52.680 --> 00:31:55.839
food on the table and doing the absolute best.

661
00:31:55.559 --> 00:31:56.200
That we can.

662
00:31:57.039 --> 00:31:59.799
On the flip side, if you were earning five hundred

663
00:32:00.000 --> 00:32:03.400
thousand dollars a year and someone was saying to you, yeah, cool,

664
00:32:03.440 --> 00:32:06.119
so save twenty percent, I'd be like, my friend, you

665
00:32:06.160 --> 00:32:08.640
can save a lot more than that, Like twenty percent

666
00:32:08.759 --> 00:32:11.279
is not applicable, and I think that we need to

667
00:32:11.359 --> 00:32:14.880
remember that percentages, like what is that about? Like why

668
00:32:14.920 --> 00:32:17.640
are we putting this on there? But at the same time,

669
00:32:17.839 --> 00:32:20.880
as humans, we really like structure, So we really like

670
00:32:21.000 --> 00:32:24.000
being afforded a structure, so we're always looking for it,

671
00:32:24.240 --> 00:32:27.519
and that's where we need to create that ourselves. That's

672
00:32:27.559 --> 00:32:30.559
where we need to understand our goals, our values and

673
00:32:30.720 --> 00:32:34.519
go back to basics. When I talk about budgeting, I'm

674
00:32:34.559 --> 00:32:37.240
not talking about alright, cass, can we sit down and

675
00:32:37.279 --> 00:32:38.759
talk about your budget? How much do you spend on

676
00:32:38.839 --> 00:32:39.680
groceries each week?

677
00:32:39.759 --> 00:32:40.000
Yep?

678
00:32:40.240 --> 00:32:42.720
Okay, Well, actually the averages one hundred and fifty dollars

679
00:32:42.799 --> 00:32:45.160
a week, so you're going to only have that amount

680
00:32:45.200 --> 00:32:48.960
to spend because that's the right way to spend your money.

681
00:32:49.119 --> 00:32:52.400
You go, Victoria, I have a fifteen year old, I

682
00:32:52.519 --> 00:32:54.880
have food to put on the table. I'm also a

683
00:32:54.920 --> 00:32:57.039
busy woman. Do you not realize I'm an author and

684
00:32:57.119 --> 00:33:00.720
a podcaster and it all round legend. And I'll be like, well, yeah,

685
00:33:00.799 --> 00:33:03.119
but I'm still only giving you one hundred and fifty

686
00:33:03.160 --> 00:33:05.720
dollars a week, And you go, well, that's actually unachievable,

687
00:33:05.799 --> 00:33:08.200
Like I am spending three hundred dollars a week or

688
00:33:08.200 --> 00:33:11.759
whatever you're spending. I've easily made you feel terrible about

689
00:33:11.799 --> 00:33:15.039
the decision that you're making, when in reality, you don't

690
00:33:15.079 --> 00:33:16.680
even have time to go out and buy clothes and

691
00:33:16.680 --> 00:33:18.799
shoes and hair and makeup, like you're not doing any

692
00:33:18.920 --> 00:33:19.160
of that.

693
00:33:19.599 --> 00:33:22.599
So I don't believe in putting you in.

694
00:33:22.519 --> 00:33:24.920
A box of what is right or wrong, but more

695
00:33:24.920 --> 00:33:27.079
going houses that aligned to your values, Like is that

696
00:33:27.119 --> 00:33:29.839
serving you? And you're go, yeah, actually I do really

697
00:33:29.920 --> 00:33:32.000
like that, Like I cook the things that I love

698
00:33:32.039 --> 00:33:34.400
and I'm nourishing my body and I don't really care

699
00:33:34.440 --> 00:33:35.039
for takeout.

700
00:33:35.160 --> 00:33:36.200
Cool, no problems.

701
00:33:36.480 --> 00:33:39.279
But other people might say, oh my gosh, three hundred

702
00:33:39.279 --> 00:33:41.839
dollars a week on groceries, it's absolutely wild, Like I'm

703
00:33:41.880 --> 00:33:45.319
so embarrassed that that's what I'm spending. Like, I'm not

704
00:33:45.359 --> 00:33:48.279
in a position to ever judge you, but it's more

705
00:33:48.400 --> 00:33:51.519
around is that sitting okay with you? Because the thing

706
00:33:51.559 --> 00:33:53.640
that you are spending the most money on in your

707
00:33:53.680 --> 00:33:56.359
life is the thing that you value the most. So

708
00:33:56.799 --> 00:33:59.799
it might be your home, it might be food. Some

709
00:34:00.079 --> 00:34:02.359
people I have sat down with and done a budget

710
00:34:02.400 --> 00:34:04.680
and cash blow session with them and I go, wow,

711
00:34:04.960 --> 00:34:07.240
do you know you're spending fourteen hundred dollars a month

712
00:34:07.279 --> 00:34:09.800
on cigarettes and you're only spending one thousand dollars a

713
00:34:09.800 --> 00:34:10.440
month on rent?

714
00:34:10.480 --> 00:34:13.320
And they go, oh, yeah, like I'll change it next month.

715
00:34:13.360 --> 00:34:15.239
And I'm like, okay, so did you know that you

716
00:34:15.360 --> 00:34:17.800
value smoking more than you do having a roof over

717
00:34:17.840 --> 00:34:18.199
your head?

718
00:34:18.239 --> 00:34:19.760
And they go, no, no, no, that's not it.

719
00:34:19.840 --> 00:34:24.039
I'm like, I'm not trying to be rude, but at

720
00:34:24.039 --> 00:34:27.199
the end of the day, your values are written on

721
00:34:27.199 --> 00:34:29.280
this bank statement and they are telling me that you

722
00:34:29.400 --> 00:34:32.679
value that, So prove me wrong. If you're telling me

723
00:34:32.760 --> 00:34:35.360
that you don't value spending money on that, you need

724
00:34:35.440 --> 00:34:36.079
to change it.

725
00:34:36.079 --> 00:34:37.840
It's not about the habit of smoking.

726
00:34:37.880 --> 00:34:40.239
And I use that as an example because obviously people

727
00:34:40.400 --> 00:34:42.440
be like, oh, yeah, that's about habit, break it, But

728
00:34:42.559 --> 00:34:45.280
it's actually about going to you as a person.

729
00:34:45.400 --> 00:34:47.960
Do you value that expense? And you'll say yes or no.

730
00:34:48.880 --> 00:34:50.599
And that's where it comes down to it.

731
00:34:50.599 --> 00:34:53.039
If you're at UNI, or even if you're in your

732
00:34:53.119 --> 00:34:56.840
sixties and you're planning for retirement, you actually just need

733
00:34:56.880 --> 00:34:58.039
to know the basis.

734
00:34:58.320 --> 00:35:00.320
You need to know how much money is coming into.

735
00:35:00.159 --> 00:35:02.159
Your account each and every single month or week or

736
00:35:02.159 --> 00:35:05.559
fortnight or however you manage it, and how much money

737
00:35:05.599 --> 00:35:09.000
actually goes out and where is it flowing. Is it

738
00:35:09.039 --> 00:35:10.760
flowing in line with the things that you're happy to

739
00:35:10.760 --> 00:35:13.800
spend money on or are you a little bit like

740
00:35:13.920 --> 00:35:15.960
me and you're a bit embarrassed to look at your

741
00:35:16.039 --> 00:35:18.800
bank statement because you're like, oh my gosh, just come

742
00:35:18.840 --> 00:35:19.760
out of lockdown again.

743
00:35:19.960 --> 00:35:22.320
I promised that I would do grocery shops.

744
00:35:22.559 --> 00:35:25.239
Yet here I am with like a three hundred dollars

745
00:35:25.239 --> 00:35:28.239
in two week Uber bill because I've just been ordering

746
00:35:28.360 --> 00:35:29.159
Uber eats.

747
00:35:29.119 --> 00:35:30.000
Back to back to back.

748
00:35:30.639 --> 00:35:33.119
I look at my own spending sometimes on my Victoria,

749
00:35:33.159 --> 00:35:35.000
you are not spending in line with the things that

750
00:35:35.039 --> 00:35:38.000
you actually value. Because the things that I personally value

751
00:35:38.239 --> 00:35:42.559
travel seeing my friends and family, cooking wholesome meals, spending

752
00:35:42.599 --> 00:35:44.079
time with my pets.

753
00:35:44.280 --> 00:35:45.880
Uber eats is none of those things.

754
00:35:46.159 --> 00:35:49.039
So I think it's making sure that your spending is

755
00:35:49.239 --> 00:35:51.960
in line with your values and not saying cash, don't

756
00:35:51.960 --> 00:35:53.920
go out for a bunch with your friends, put that

757
00:35:54.039 --> 00:35:57.159
into your budget, but make sure that you're not compromising

758
00:35:57.199 --> 00:35:59.320
another goal by making that choice.

759
00:35:59.599 --> 00:36:00.920
Yeah, I think you're right.

760
00:36:00.960 --> 00:36:03.320
It can be really confronting to actually sit down and

761
00:36:03.360 --> 00:36:05.400
look at where your money goes, but it can also

762
00:36:05.559 --> 00:36:08.840
be I think it's really important to do it.

763
00:36:08.920 --> 00:36:09.679
Absolutely.

764
00:36:10.280 --> 00:36:11.840
We've got to get honest with ourselves too.

765
00:36:11.960 --> 00:36:13.679
Like you're talking about lockdown, and I think you know

766
00:36:13.719 --> 00:36:16.320
many of us here in Queensland we're back into a

767
00:36:16.320 --> 00:36:18.519
little mini lockdown at the moment. And I know what

768
00:36:18.559 --> 00:36:20.440
Melbourn's been through and what Sydney's going through. And it's

769
00:36:20.519 --> 00:36:23.519
very easy to tell ourselves, well, because I'm in lockdown

770
00:36:23.519 --> 00:36:25.400
and I'm not spending money on this or this or

771
00:36:25.400 --> 00:36:27.360
this or this, then I can hop online and buy

772
00:36:27.440 --> 00:36:28.960
all of these other things.

773
00:36:29.159 --> 00:36:29.760
Oh my gosh.

774
00:36:29.920 --> 00:36:30.960
Yes, And you.

775
00:36:30.920 --> 00:36:33.320
Know it can the balance can tip a little bit

776
00:36:33.400 --> 00:36:34.800
in an unhealthy direction.

777
00:36:35.320 --> 00:36:37.360
Yeah, And you're right, it's not healthy.

778
00:36:37.440 --> 00:36:40.960
But I think we need to remember that it's also

779
00:36:41.199 --> 00:36:44.360
okay if you're in a situation like lockdown to spend

780
00:36:44.400 --> 00:36:47.559
money on things that do give you instant gratification. I

781
00:36:47.599 --> 00:36:50.599
talk a lot about this on my podcast, about maybe

782
00:36:50.639 --> 00:36:53.480
not beating yourself up about that and actually setting a

783
00:36:53.519 --> 00:36:56.119
little bit of a lockdown budget has been really empowering

784
00:36:56.119 --> 00:36:59.920
for a number of people in my community, where they go, okay, actually,

785
00:37:00.440 --> 00:37:04.440
I'm really happy to allocate fifty dollars to something that

786
00:37:04.480 --> 00:37:07.199
I want to buy online because as much as you know,

787
00:37:07.239 --> 00:37:09.679
you say, oh, what an opportunity to save, like put that.

788
00:37:09.639 --> 00:37:10.000
In the bin.

789
00:37:10.000 --> 00:37:12.239
We're all feeling terrible if you're in lockdown. It is

790
00:37:12.320 --> 00:37:15.440
really really hard. As somebody has gone through two hundred

791
00:37:15.519 --> 00:37:18.800
days of it in Melbourne, sometimes having that little package

792
00:37:18.840 --> 00:37:20.760
coming in the mail and something to look forward to

793
00:37:20.920 --> 00:37:21.920
is really exciting.

794
00:37:22.000 --> 00:37:22.880
Yeah, one hundred percent.

795
00:37:22.960 --> 00:37:24.960
But let's make sure it fits our budgets.

796
00:37:25.039 --> 00:37:28.360
Let's make sure that we're not, you know, buying unnecessary

797
00:37:28.480 --> 00:37:30.920
things just because it's three am and you can't sleep

798
00:37:30.920 --> 00:37:33.719
and you just click happy on the iconic. But I

799
00:37:33.719 --> 00:37:35.960
think it's important to also make sure that you're putting

800
00:37:36.360 --> 00:37:38.960
twenty four hours between you and your spending. So if

801
00:37:39.000 --> 00:37:41.639
you're to buy something, go for it, but can you

802
00:37:41.679 --> 00:37:43.599
just order it tomorrow? Just to make sure that you

803
00:37:43.639 --> 00:37:46.480
are making the right decision for yourself as opposed to

804
00:37:47.000 --> 00:37:51.039
just making trigger happy decisions, which I am so good at,

805
00:37:51.239 --> 00:37:52.440
especially in lockdown.

806
00:37:52.800 --> 00:37:55.159
Same I was using really me as an example though,

807
00:37:55.159 --> 00:37:57.199
because last week when we had our kind of long

808
00:37:57.239 --> 00:37:59.360
lockdown for us, you know whatever it was initially the

809
00:37:59.400 --> 00:38:02.039
eight weeks, Oh my god, the package is arriving at

810
00:38:02.039 --> 00:38:04.559
my door. And you know, every single time, I was

811
00:38:04.559 --> 00:38:07.039
telling myself it's I'm in lockdown, I'm saving this money.

812
00:38:07.119 --> 00:38:09.199
And I was like, actually, I don't think I really.

813
00:38:09.360 --> 00:38:11.440
In the end, I think I spent way or that

814
00:38:11.559 --> 00:38:12.360
I ever would have.

815
00:38:12.800 --> 00:38:15.239
But it's a good example, and I think that giving

816
00:38:15.280 --> 00:38:18.000
you the permission to spend a little bit puts you

817
00:38:18.119 --> 00:38:18.679
back in the.

818
00:38:18.679 --> 00:38:20.079
Control seat as well.

819
00:38:20.159 --> 00:38:22.079
Just make sure it's in the budget and make sure

820
00:38:22.119 --> 00:38:23.119
that you stick to that.

821
00:38:23.639 --> 00:38:27.360
Yeah, I want to ask you another question. These days,

822
00:38:27.639 --> 00:38:29.519
with the way the internet works and there are so

823
00:38:29.679 --> 00:38:33.639
many young people and older people. I mean, myself included

824
00:38:34.400 --> 00:38:37.000
really rejecting the nine to five and going out on

825
00:38:37.000 --> 00:38:39.719
this entrepreneurial journey, and people want to set themselves up

826
00:38:39.760 --> 00:38:41.440
and run their own business. And there are so many

827
00:38:41.480 --> 00:38:43.480
things that people can do now that we couldn't do

828
00:38:43.519 --> 00:38:45.719
when I was growing up, you know, like youtubing is

829
00:38:45.719 --> 00:38:47.400
a thing, influencing as a.

830
00:38:47.360 --> 00:38:50.679
Thing totally is a thing, of course.

831
00:38:50.440 --> 00:38:52.719
It is like there are so many opportunities for people

832
00:38:52.760 --> 00:38:56.039
now that never existed to create your own career and

833
00:38:56.079 --> 00:38:57.920
create set your own terms.

834
00:38:58.719 --> 00:38:59.679
Where does that leaf.

835
00:38:59.840 --> 00:39:02.599
War What advice do you give people in terms of superannuation,

836
00:39:03.119 --> 00:39:05.559
because everybody doesn't think of those things.

837
00:39:05.480 --> 00:39:07.760
No, and when you go into business, you don't think

838
00:39:07.800 --> 00:39:10.199
about your own mental health and how important that is.

839
00:39:10.440 --> 00:39:13.800
And your mental health is literally going to be one

840
00:39:13.800 --> 00:39:16.000
of the most important assets that you have in your

841
00:39:16.039 --> 00:39:18.119
business because if you don't have that, you can't go

842
00:39:18.199 --> 00:39:20.280
to work, and even if you are turning up at work,

843
00:39:20.320 --> 00:39:23.199
you're not really they're my friend. So I actually have

844
00:39:23.239 --> 00:39:26.639
another podcast to shamelessly plug that called The Business Bible,

845
00:39:26.880 --> 00:39:29.199
and I talk about that with my co host Ryan

846
00:39:29.320 --> 00:39:32.840
John all the time. And we are both the types

847
00:39:32.840 --> 00:39:35.320
of people that are entrepreneurial and want to live that,

848
00:39:35.639 --> 00:39:38.320
but we need to make sure that we also are

849
00:39:38.360 --> 00:39:41.599
paying ourselves super setting ourselves up for the future and

850
00:39:41.719 --> 00:39:46.159
understanding what value that business actually brings us, Because how

851
00:39:46.199 --> 00:39:48.719
many entrepreneurs have you spoken to who are like, I'm

852
00:39:48.760 --> 00:39:50.559
small business owner and you're like, oh my gosh, that's

853
00:39:50.599 --> 00:39:53.079
so exciting, and they do something really good and they're

854
00:39:53.079 --> 00:39:56.719
turning a really great profit. But every single waking hour

855
00:39:56.880 --> 00:39:59.239
is being used and if you distilled it down, they'd

856
00:39:59.280 --> 00:40:02.039
be making a i easily per hour rate because of

857
00:40:02.079 --> 00:40:04.519
the amount of time and energy and effort that goes

858
00:40:04.559 --> 00:40:07.239
into their business. And as much as from the outside

859
00:40:07.280 --> 00:40:11.039
it looks really shiny, they're not actually happy. They aren't

860
00:40:11.159 --> 00:40:14.079
actually in a position where they're comfortable with what they're doing.

861
00:40:14.639 --> 00:40:16.760
I think we need to just be honest with ourselves

862
00:40:16.800 --> 00:40:19.400
around what the intentions of that are. And I think

863
00:40:19.599 --> 00:40:21.840
having a conversation with ourselves and going Okay, cool, I'm

864
00:40:21.840 --> 00:40:22.760
going to go into business.

865
00:40:22.920 --> 00:40:23.880
What are the key.

866
00:40:23.679 --> 00:40:26.800
Markets of success? Like what am I actually trying to achieve?

867
00:40:27.039 --> 00:40:28.320
What income do I want?

868
00:40:28.519 --> 00:40:30.880
Like? Am I wanting to earn fifty thousand dollars a year?

869
00:40:31.119 --> 00:40:33.320
Okay, well what would it take? Do I need to

870
00:40:33.360 --> 00:40:36.400
sell one fifty thousand dollar product? Or am I selling

871
00:40:36.440 --> 00:40:39.760
fifty thousand and one one dollar products? So how does

872
00:40:39.840 --> 00:40:42.400
that work and what is the plan and creating a

873
00:40:42.440 --> 00:40:45.880
business plan around that is actually really important before you begin.

874
00:40:46.480 --> 00:40:48.920
And I also think that in this day and age,

875
00:40:48.960 --> 00:40:51.079
too many people are like, Okay, I quit my full

876
00:40:51.119 --> 00:40:54.079
time job and I took up my side hustle, when

877
00:40:54.079 --> 00:40:57.159
in reality, there's something really empowering about people who are

878
00:40:57.199 --> 00:40:59.559
full time employed and just have a little something on

879
00:40:59.599 --> 00:41:01.719
the side to top it up, to make sure that

880
00:41:01.800 --> 00:41:04.880
the family can go on holidays each and every single year,

881
00:41:05.039 --> 00:41:08.000
or that they get to live a lifestyle that's a

882
00:41:08.000 --> 00:41:11.239
bit beyond their current career, because maybe you're in a

883
00:41:11.280 --> 00:41:13.639
career that actually has award rates and you're not going

884
00:41:13.679 --> 00:41:15.960
to get a pay rise unless it's a planned pay

885
00:41:16.079 --> 00:41:19.760
rise because it's the subsidy or the government additions that

886
00:41:19.800 --> 00:41:21.320
happen each and every single year.

887
00:41:21.400 --> 00:41:23.960
So I think that you need to understand.

888
00:41:23.519 --> 00:41:26.360
What your plan is with your side hustle or becoming

889
00:41:26.360 --> 00:41:29.400
an entrepreneur. But I'm all about it as long as

890
00:41:29.400 --> 00:41:33.239
it actually is impacting your life in a really positive way,

891
00:41:33.599 --> 00:41:36.880
because I think in twenty twenty one, when everyone's about

892
00:41:36.960 --> 00:41:40.199
you know, breaking them old of nine till five, they're

893
00:41:40.239 --> 00:41:42.480
also in a way saying that nine to five isn't

894
00:41:42.519 --> 00:41:44.639
a good option, and for so many of us it

895
00:41:44.880 --> 00:41:45.880
is because.

896
00:41:45.559 --> 00:41:47.880
It's a good option. It can be a really good option.

897
00:41:48.079 --> 00:41:48.320
Yep.

898
00:41:48.719 --> 00:41:50.559
Some of us just want to go to work and

899
00:41:50.679 --> 00:41:53.880
come home and not take work home and have time

900
00:41:53.920 --> 00:41:56.280
with our friends and family. At a nine to five

901
00:41:56.320 --> 00:41:59.639
Monday to Friday job can afford us that not everybody

902
00:41:59.719 --> 00:42:03.199
has to be a big business owner with impressive awards

903
00:42:03.239 --> 00:42:05.639
and being the best of the best. Like, some of

904
00:42:05.719 --> 00:42:08.119
us have different values, and I think that that is

905
00:42:08.239 --> 00:42:11.360
totally okay, But I think we need to also importantly

906
00:42:11.400 --> 00:42:13.280
take that pressure off and go, well, actually, what do

907
00:42:13.280 --> 00:42:15.360
you want out of life? Like? Is being a business

908
00:42:15.400 --> 00:42:18.519
owner something that you genuinely want because it's a responsibility

909
00:42:18.559 --> 00:42:22.039
that I didn't even know had so many responsibilities associated

910
00:42:22.079 --> 00:42:22.400
with it.

911
00:42:22.880 --> 00:42:24.840
Totally, that could be a whole other conversation.

912
00:42:24.920 --> 00:42:26.880
I'm sure you have had it on your podcast, because

913
00:42:26.880 --> 00:42:30.119
of many business owners are burnt out and broke, and

914
00:42:31.000 --> 00:42:33.039
you know, I think there's loads of stuff that people

915
00:42:33.079 --> 00:42:35.159
don't consider when they kind of reject that nine to five.

916
00:42:35.199 --> 00:42:39.800
There's community, and there's social aspects, and there's structure and routine, Like,

917
00:42:39.840 --> 00:42:42.639
there is so much with nine to five that you

918
00:42:42.679 --> 00:42:45.000
don't get if you're just plugging away at home.

919
00:42:45.119 --> 00:42:48.000
Here, I am at home like stubranuation.

920
00:42:48.280 --> 00:42:50.400
Who would have thought super right?

921
00:42:50.920 --> 00:42:51.800
Six days?

922
00:42:52.079 --> 00:42:56.239
Oh my gosh, right, paid holidaily, paid holidays?

923
00:42:56.280 --> 00:42:56.440
Wow?

924
00:42:56.679 --> 00:42:57.719
How cool would it be?

925
00:42:58.239 --> 00:43:00.559
I've been a business owner world for us and use

926
00:43:00.760 --> 00:43:02.000
a paid sick day?

927
00:43:02.400 --> 00:43:03.960
WHOA that sounds norful?

928
00:43:04.639 --> 00:43:04.920
I know.

929
00:43:06.320 --> 00:43:08.639
Sometimes I think what am I doing? Why did I

930
00:43:08.679 --> 00:43:09.519
decide to do this?

931
00:43:09.679 --> 00:43:12.280
I feel like they are actually in the dream position.

932
00:43:12.400 --> 00:43:15.800
Sometimes in this business ownership stuff is actually a trap.

933
00:43:17.360 --> 00:43:20.760
There'll be a whole we'll see a whole reversal go on, victoria.

934
00:43:20.840 --> 00:43:23.519
Another thing that young people probably find a bit boring

935
00:43:23.519 --> 00:43:26.280
and unnecessary is insurance. And I get it's one of

936
00:43:26.320 --> 00:43:30.079
those not very sexy topics. What are the insurances that

937
00:43:30.679 --> 00:43:31.519
are really important?

938
00:43:31.519 --> 00:43:31.719
To have?

939
00:43:31.920 --> 00:43:33.880
All of them? All of them, my friends.

940
00:43:34.559 --> 00:43:37.079
So, because you are young, you are very likely to

941
00:43:37.159 --> 00:43:40.679
have not experienced significant health events, which means that you're

942
00:43:40.679 --> 00:43:42.639
going to be like Creme de la creme for getting

943
00:43:42.679 --> 00:43:44.000
good insurance.

944
00:43:43.519 --> 00:43:45.280
Without any type of exclusion.

945
00:43:45.639 --> 00:43:49.280
So when it comes to protecting yourself, for me, my

946
00:43:49.360 --> 00:43:51.679
favorite type of insurance. Who would have thought that people

947
00:43:51.719 --> 00:43:54.000
have favorite types of insurances? You can just tell I'm

948
00:43:54.039 --> 00:43:57.119
a really cool person by that comment alone. But my

949
00:43:57.239 --> 00:44:01.280
favorite type of insurance is income protection because it protects

950
00:44:01.280 --> 00:44:04.480
your income and to me, that's the biggest asset that

951
00:44:04.519 --> 00:44:08.400
you have and the biggest thing that is going to

952
00:44:08.480 --> 00:44:11.119
create your financial freedom into the future.

953
00:44:12.039 --> 00:44:14.440
But people are like, oh, well, I'll just get car

954
00:44:14.480 --> 00:44:15.880
insurance and you're like, okay, cool.

955
00:44:15.880 --> 00:44:17.840
So you're planning on protecting your car, and if your

956
00:44:17.840 --> 00:44:20.239
car broke down, your insurance would pay for that call.

957
00:44:20.320 --> 00:44:21.800
But if you're income.

958
00:44:21.320 --> 00:44:23.519
Broke down and you weren't able to generate that, how

959
00:44:23.559 --> 00:44:27.440
are you paying for that car? So for me, income

960
00:44:27.480 --> 00:44:30.880
protection is arguably one of the most important insurances that

961
00:44:30.920 --> 00:44:33.360
you have. And then inside your super you are very

962
00:44:33.480 --> 00:44:38.679
likely to have TPD and very likely to have life insurance.

963
00:44:39.239 --> 00:44:41.880
Both of those are really important. But for me, as a.

964
00:44:41.840 --> 00:44:46.079
Young person, I prioritize having my income protection set up

965
00:44:46.119 --> 00:44:47.800
from a young age to make sure that I am

966
00:44:47.840 --> 00:44:50.000
always in the best possible financial position.

967
00:44:50.480 --> 00:44:50.719
Yeah.

968
00:44:50.840 --> 00:44:54.920
Cool, good answer. Can I ask you a question about crypto.

969
00:44:54.719 --> 00:44:55.599
Yes, of course you can.

970
00:44:55.760 --> 00:44:58.159
Like, there's a lot of interest in I mean not

971
00:44:58.280 --> 00:45:01.519
something that I personally, it's not on my own ratar,

972
00:45:01.559 --> 00:45:03.320
but I hear a lot of people talking about crypto

973
00:45:03.360 --> 00:45:06.440
and investing in cryptocurrency, and we did talk about investment.

974
00:45:06.800 --> 00:45:09.440
I know you can't give financial advice on this podcast,

975
00:45:09.480 --> 00:45:11.480
but just generally speaking thoughts.

976
00:45:11.159 --> 00:45:14.320
From a personal perspective, I don't like crypto at all.

977
00:45:14.320 --> 00:45:17.039
And the reason I don't like crypto is there's a

978
00:45:17.079 --> 00:45:20.400
few Okay, so first things first is it actually doesn't

979
00:45:20.400 --> 00:45:23.960
have any base. Let's compare it to a bank because money, right,

980
00:45:24.360 --> 00:45:26.519
if I go and purchase a share in a bank,

981
00:45:26.599 --> 00:45:29.800
that bank has branches, it has people actually investing their

982
00:45:29.880 --> 00:45:33.360
hard earned money into it, it has employees, it has responsibilities.

983
00:45:33.400 --> 00:45:35.599
It's not just going to disappear overnight.

984
00:45:35.480 --> 00:45:38.199
In the same way that crypto absolutely could because it

985
00:45:38.320 --> 00:45:42.440
exists on the Internet and doesn't have the foundational basis

986
00:45:42.519 --> 00:45:45.880
that real businesses do. On the flip side of that

987
00:45:46.039 --> 00:45:48.880
as well, I like the idea that people are more

988
00:45:48.920 --> 00:45:52.079
interested in investing because of crypto. But the reason they're

989
00:45:52.119 --> 00:45:55.960
interested in crypto is because people are so excited about

990
00:45:55.960 --> 00:45:59.320
the instant gratification that it has been affording them.

991
00:45:59.559 --> 00:46:01.320
We're in reality.

992
00:46:00.880 --> 00:46:03.199
Good investment is over the long term, and it's not

993
00:46:03.320 --> 00:46:09.360
actually about instant gratification. It's actually about long term sustainable

994
00:46:09.559 --> 00:46:11.920
investing plans, and I think that that's the.

995
00:46:11.880 --> 00:46:13.159
Most important thing there.

996
00:46:13.360 --> 00:46:15.639
I am not an investor in crypto at all, and

997
00:46:15.719 --> 00:46:18.480
I never will be, just because my plan is to

998
00:46:18.559 --> 00:46:21.679
invest over the long term, not invest over the short

999
00:46:21.760 --> 00:46:24.840
term and risk too many things. I see too many

1000
00:46:24.880 --> 00:46:28.960
people investing in crypto when in reality they're not investors,

1001
00:46:29.360 --> 00:46:31.400
Like they're not even willing to take that risk.

1002
00:46:31.440 --> 00:46:34.480
And if I went through a whole financial advice.

1003
00:46:34.199 --> 00:46:36.480
Process with them, I'd be like, why are you picking

1004
00:46:36.639 --> 00:46:39.639
literally the most risky asset when you're not even ready

1005
00:46:39.639 --> 00:46:40.480
for shares yet?

1006
00:46:40.559 --> 00:46:41.679
Like what is going on?

1007
00:46:42.199 --> 00:46:42.280
So?

1008
00:46:42.360 --> 00:46:44.320
I think social media has a lot to do with

1009
00:46:44.440 --> 00:46:46.400
the blame of that, because it just makes it look

1010
00:46:46.480 --> 00:46:49.119
so easy and so sexy. But in reality, I think

1011
00:46:49.119 --> 00:46:52.079
we need to make the right decisions for our personal situations.

1012
00:46:52.360 --> 00:46:56.079
So running theme and there's conversation about avoiding that instant gratification,

1013
00:46:56.199 --> 00:47:00.239
isn't there Like really yeh, delayed gratifications, hanging in for

1014
00:47:00.280 --> 00:47:03.920
the long term. My last question, Victoria, you've been so

1015
00:47:04.039 --> 00:47:06.639
generous with your time, is what is one piece of

1016
00:47:06.719 --> 00:47:09.599
financial advice that you would give your eighteen year old self?

1017
00:47:09.960 --> 00:47:14.119
Oh my gosh, she probably wouldn't have listened, but understand

1018
00:47:14.119 --> 00:47:18.239
your budget and understand what understand what lifestyle creep is.

1019
00:47:18.559 --> 00:47:21.239
So lifestyle creep is like when you're in high school

1020
00:47:21.239 --> 00:47:23.760
your mum buys your makeup for you at Coals, and

1021
00:47:23.800 --> 00:47:26.079
then when you're in UNI and you don't have heaps

1022
00:47:26.079 --> 00:47:28.679
of money, like you're treating yourself at Priceline. But when

1023
00:47:28.679 --> 00:47:31.280
you get your full time job or you've started your career,

1024
00:47:31.320 --> 00:47:34.800
you're very likely to start buying makeup from Mecca. So

1025
00:47:34.960 --> 00:47:38.559
it's important to just keep track of how your spending

1026
00:47:38.679 --> 00:47:40.840
is going in relation to how much income you have.

1027
00:47:40.920 --> 00:47:43.840
Because I was a very good victim of lifestyle creep,

1028
00:47:43.880 --> 00:47:46.000
and I think we can all find something in.

1029
00:47:45.920 --> 00:47:48.519
Our lives that potentially has crept.

1030
00:47:48.320 --> 00:47:51.239
Up in price over time just because we thought we

1031
00:47:51.320 --> 00:47:54.440
deserved it more, when in reality, you and I both

1032
00:47:54.519 --> 00:47:57.400
know I'd be fine with makeup from the supermarket.

1033
00:47:58.360 --> 00:48:02.440
So true, it is so true. Thank you so much, Victoria.

1034
00:48:02.599 --> 00:48:03.679
It's been a pleasure.

1035
00:48:03.800 --> 00:48:07.199
Thank you for having me. It has also been a pleasure.

1036
00:48:10.159 --> 00:48:13.800
To find out more about Victoria's financial services, her online programs,

1037
00:48:13.920 --> 00:48:16.559
or indeed anything she has to offer head to. She's

1038
00:48:16.639 --> 00:48:19.800
on the money dot com, dot you Her podcast, She's

1039
00:48:19.840 --> 00:48:22.599
on the Money, is available on all podcast platforms, and

1040
00:48:22.639 --> 00:48:25.119
her book of the same name is also now available

1041
00:48:25.320 --> 00:48:27.840
in all good bookstores. It is full of really great

1042
00:48:27.840 --> 00:48:30.400
practical advice. Buy it for yourself, buy it for someone

1043
00:48:30.400 --> 00:48:33.519
you know. Anybody would appreciate it. I'm sure if you

1044
00:48:33.639 --> 00:48:36.719
enjoyed this episode, please tell a friend, hit the follow

1045
00:48:36.719 --> 00:48:39.639
button on Apple Podcasts or Spotify, leave us a five

1046
00:48:39.679 --> 00:48:42.559
star rating and a nice review. It all really helps

1047
00:48:42.599 --> 00:48:45.159
us to be heard by more listeners. Come and say

1048
00:48:45.159 --> 00:48:48.800
hello to me at Instagram, castan underscore XO, email me

1049
00:48:49.039 --> 00:48:52.000
hello at kastan dot com and I cannot wait to

1050
00:48:52.079 --> 00:48:56.840
catch you on the next episode of Crappy to Happy

1051
00:49:00.880 --> 00:49:01.360
Listener