She's On The Money - Investing On A Low Income

Episode Date: April 4, 2023

Ever thought that investing is for the rich? It's a super common misconception. Well this episode is for you! Join Victoria and Bec as they discuss tips for investing on a low income; how can you get started, what kind of impact can it have on future wealth and so much more! Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 451289.See omnystudio.com/listener for privacy information.

Hello, my name is Natasha Nabanunga-Bamblett. I'm a proud Yorta Yorta, Kernai, Wolperi and Awadjeri woman. And before we get started on She's on the Money podcast, I would like to acknowledge the traditional custodians of the land of which this podcast is recorded on Awadjeri country, acknowledging the elders, the ancestors and the next generation coming through. As this podcast is about connecting, empowering, knowledge sharing and the storytelling of you to make a difference for today and lasting impact for tomorrow. Let's get into it. She's on the money.

She's on the money. Hello and welcome to She's on the Money, the podcast for millennials who want financial freedom. My name is Bec Syed and with me is Victoria Devine. I reckon let's talk more about investments today, Bea. What do you think? I'm very excited to have been given permission to do more investing content, as you know. Yes. My fave. I'm ready for this. I'm so excited.

I don't know if you are actually excited, but you seem excited to be here. You've got a coffee. You're ready. But let's get into it. I'm so ready. But as you know, I have, like, no money. I kind of just got, like, a better paying job, as you know. But right now. No, I think saying I have no money, that's a fact. That's fine.

I feel like you don't have nothing, but you have opportunity. You have such an epic salary now, and I'm not going to share it on the pod, but, like, she's doing well. You're doing above average. But eventually I'll be doing well. I've got so much back pay of, like, all these things that I haven't paid for in years, like a service for my car. Eventually I'll be doing well.

That's so sexy. But just having the ability to pay for things like that. I feel like this episode obviously is investing. We're going to talk about investing on a low income, which you would have seen when you clicked the title. But I would hate for people to think that this is going to be the priority over all of those other important things. Like, you know, we're not going to talk about it too much, but I genuinely think we should be setting up our financial foundations, right? Like it's making sure that your car is serviced and you are safe on the roads, making sure you have an emergency account and building that up because if anything does happen you've got something to fall back on and if you've always lived on a low income that emergency fund is

going to feel like financial freedom wrapped up in a little bundle that makes you feel so empowered because you've just never had that before yeah like you've just never been in a situation where if something happens you end up in a circumstance where it's like oh well actually beck that's fine because you've got savings for that totally doesn't that sound sexy i mean that's not what we're talking about today, but I think we should really address before we talk about this. This investing on a low income comes after all the basics have been met. And you know what? It's okay to not be able to invest at this point in life. I do think that this content is really about educating you so that you have the best opportunities and you know what investing is.

But there are so many people in our community right now who are struggling with the rising cost of living or how much their mortgage has gone up or how much their rent has gone up or just putting food on the table, or they might be struggling with employment. I think that content like this, if not framed properly, could make you feel really bad because you're going, oh my gosh, I listened to this podcast and it said that I had to be investing, otherwise I'm not doing the right thing financially. Right. That's not true. No. That's not true at all. Like, yeah, to create like long-term financial security in a perfect world, everyone would have the ability to invest, but our government's been doing us a dirty back and we're not all in that

position. And I think that as long as we're educating ourselves and know that we have that opportunity at some point, might not be today and that's okay. I think we just need to understand that because it's also not about judging and going, oh my gosh, well, Victoria's talking to Beck and Beck has a good salary. So she can, in fact, Beck doesn't have kids. So she doesn't know what it's like. My experience is not your experience and that is totally okay, but we should be celebrating the fact that we're all in a position where if one of us is successful, we're all successful. Like a rising tide is going to lift all ships and we should all be educated on this. That is beautiful. Are we done? Like I can just leave now, mic drop, go away. Oh no.

It kind of feels like that, but I do have some questions for you if that's okay. I'm ready. First of all, is it even worth it to invest if you have no money? Yeah, absolutely it is. And I feel like for a lot of people, it's going to be a foreign concept that we haven't tackled before. I mean, Bec, you and I have spoken about it before. Your parents wouldn't have taught you about investing because it just wasn't something that was even on their radars. It wasn't an option. It wasn't something that you were surrounded by. So now you're kind of starting at base level and we're building up that financial literacy. So one day you're going to go, oh, I'm doing this and I cannot wait for the day where you're like, yep, and I own this ETF and I've been doing this

and I'm just going to be like, Bec, look where you've come from. Like, won't that be wild to think that not only are you investing, because like investing can be really transactional, right? Like you could become an investor. And I mean, you are already because you've got superannuation. But you could go download the Sharesies app and pop five bucks on an ETF or in an ETF, sorry, and go from there. And that would make you an immediate investor. But the important thing to me is actually that you understand that. You understand the concept of investing. You understand what you've put your money in and why you've put your money in there. And you understand what potential dividends and yield that's going to have. And that doesn't come overnight. But at

the end of the day, the question you're asking is, Victoria, is it worth investing small amounts of money? And the answer is unequivocally yes. And there's a few reasons for this. So investing small amounts of money sets you up for the best possible financial security and financial success long term. It's not going to be a secret that five bucks every single month is not going to create a secure retirement, right? But you know what it does do? It educates you on the process. It puts you in control of having a platform that you know has that power behind it. It means that that platform already exists. Should you come into some extra money that you do want to invest, you know how to invest it and what that means. It puts you in a position of power where every

single time your income increases, instead of falling victim to lifestyle creep and being like, oh my gosh, I just don't know where all my money is going back. You can go, all right, well, actually I've gotten a pay rise. I'm going to contribute this to my preexisting portfolio. And there's not a lot of thought about it. It puts you in the position where you are not only educated on the topic, but you've walked the walk. You know exactly what it means and how it works and how it makes you feel. You know, oh my gosh, I've been in this particular ETF, but I've now changed my mind and I want something a bit more ethical because my values align differently. And like, that's a really cool position to be in. I want you to, and perfectly on a lower income,

because like the less you're investing, the less risk there is, right? But I want you to see the ebbs and flows of the market. I want you to log into your account sometimes and see that it's a be off and go, oh, I don't really like that. I've never logged into my account, even when I was a financial advisor and thought, oh, it's off. I love that. Like, it makes me feel a little bit sick. I'm like, oh, have I done the wrong thing? It's like where you log in, if you see you have less, you are automatically going to feel that that's negative, right? But then when I stay invested over the long term, that increases again and it builds itself back up. I want you to have that experience before we get to the big dollar amounts, right? I want you to be okay with

investing five bucks and then going, all right, well, I mean, it's down to $4 this week. That's kind of okay. That's all right. Because it's not $4,000 instead of $5,000. If I can teach you with the small amounts, the big amounts, they're not going to be stressful. You're setting yourself up for future success. And at the end of the day, it does financially benefit you. So if you're investing over a 10-year period with an average rate of return of 6%, which is really low because we know the average rate of return of the Australian share market over the last 30 years has been 9.8%, right? I've just gone with six because we're pretty conservative in this house. If you're investing $25 a month, which I think is for a lot of people a start point because they

just go, all right, well, I can't afford a whole heap, but I want not $5 and I don't want $10. I want maybe $25. I feel like that feels comfortable. It feels comfortable. If you had saved $25 each and every single month for 10 years, you'd have $3,000. But if you had invested it with an average rate of return of 6%, you'd have $4,097. Oh, wow. That's $1,097 more than you wouldn't have had before, right? Like from little things, big things really do grow. And I mean, the power of compounding happens, one, with the scale of what you're investing, but two, with time. So if you went from 10 years to 20 years, that would probably double again because money on average, based on the rule of 72, which is a finance

concept that basically says that money doubles, let's call it every 10 years, that in another 10 years from now, that 1,000 is going to be worth 2,000. And then in another 10 years, that 2,000 is going to be worth 4,000. And then in another 10 years, that 4,000 is worth 8,000. So the power of compounding is actually in time. But hypothetically, if you were investing 50 bucks a month. If you'd saved that, that would be double what you were doing with 25. So that'd be six grand. But if you invested it, it'd be $8,194. That's a difference of just over two grand. That's pretty sweet. That's sick. So I feel like we really need to normalize investing small amounts because I think so many times, and you guys would have heard me on the pod before being

like, oh, well, if you invest $500 a month, I use that as a good example to educate you. Not Because I immediately think everyone can afford $500 a month. No way. Like, not in this economy, Bec. Not in this economy. Not in this economy. You're dreaming. Exactly.

You're dreaming. And I feel like if you are investing $500 a month, that's awesome. Congrats on the privilege. That's absolutely fantastic. If you're doing more than that, like, get it, queen. I'm so excited for you. But I also wouldn't want people in our community feeling awful because they're not achieving the goals that other people are achieving.

Absolutely. We've talked about it so many times. You're all on different trajectories. You are all on different journeys. We're all at different stages in those journeys. Yes. And I would hate for you to go, oh my gosh, well, if I'm not investing $500 a month, because that's Victoria's like go-to example, that means it's not good enough. No, it's just a really sexy number, to be honest. It is. It's nice. It's round.

Like it's a clean, it's a round number. Yeah. And it compounds over time. Yeah. You know, at the end of the day, I've used this example, but if you were 21 and you started investing over the long term and you invested $500 each and every single month all the way through to retirement, if you had saved, that would be $240,000 that you'd saved. But if you'd invested, that would be more than $1.2 million. That's sexy money. But I think that example makes you go, oh, that's a bit more powerful than just talking about this, oh, if I invest $25. It's not to say the $25 isn't powerful. It's so powerful. I promise you. But Beck, the word a million,

like the second you tip over that, you go, I'm capable of that. Yeah, you are. You absolutely are capable of that. And a lot of us who are in full-time employment are actually contributing about that or just over towards superannuation. So you're already doing it. And that's why I care so much about you guys checking up on your super and making sure that your super is doing the right thing. Because if it's not invested properly, you're shortchanging yourself for about a million dollars. It's a lot of dollar rules, Bec. That's a lot of dollar rules that you could be shortchanging yourself. Yeah, exactly. One out of 10, cannot recommend shortchanging yourself. Terrible idea.

I do just want to mention for anyone listening and maybe isn't familiar with those catchwords, like EFT, dividends, we did cover that. EFT? Do you mean ETF? But that's okay. I mean, I feel like that's really relatable. An exchange traded fund. Yes. But we did do an episode recently. We did. And we've covered those. And I feel like this is one of those things where I'm not trying to confuse you. I feel like there have been a lot of mediocre middle-aged white men who historically have used a lot of acronyms to scare us out of the market and make themselves feel smarter than they actually are. Like how flippant you're at brunch and you're like, look over to the table

beside you and there's guys and they're sitting there at brunch on Saturday morning wearing suits and you're like, I don't know what you think you are. And they're like, I invested in this ETF and I do this and I get this yield. Like, we've all seen them at brunch before. Like, they're just like investing bros who think they're really smart. And usually you like eavesdrop on the conversation, if you're me, because like I can't not eavesdrop, right? You eavesdrop on the conversation, then they start talking about like Bitcoin and stuff. And you're just like, you've got no idea. No, if they ask me a question, I will cry on the spot. I will not have any idea. ETF is actually quite, and I won't say it's simple because it's not, it's actually quite

complicated, but for you to understand it is quite simple. ETF is an exchange traded fund, which sounds complicated, but essentially it's a basket of shares. So if you buy that instead of a direct share, you're getting instant diversification and diversification is meaning that you're just not putting all your eggs in one basket. You're getting lots of different companies that somebody else has picked. You might feel a bit more secure with that decision. And it just is kind of like a list of different investments that are going to be way more affordable to purchase because you're just buying fractions of that share as opposed to going in and buying, you know, a whole BHP share or a whole ANZ share. Like I couldn't afford to own every single thing

in an ETF outright. But if I put my money into that ETF, I could have exposure to all those things immediately. Yes. That's a good thing. That's really sexy. And if you are somebody who is interested in the share market and you're like, oh my gosh, I want to invest five bucks a month fee. Maybe have a look at an ETF. Maybe have a look at something that gives you the exposure to a particular asset class or gives you exposure to a particular market. Because I mean, you could go to the ASX 200, which is the Australian share market's top 200 companies. That seems pretty simple. If you don't want your investment journey to be complicated, it doesn't have to be. I think so many times we give ourselves analysis paralysis, right? Like I need to make the right investment

decision. We can change it later, babe. It doesn't matter. Just get your feet into the water because it starts getting a little bit more comfortable the longer your feet are in, right? Totally. Just jam that foot in the door, baby. Please do. Probably don't jam your foot in the door. You'll end up with a bruise, but dip your toes into the water. I promise the pool's real warm and we're having a party. Yeah. That sounds like so much fun. It's way more fun than what investment actually is. So I'm lulling you into this false sense of security so that you all invest. But for your benefit. For your benefit. It's like, I'm the cool mom. I'm not a regular mom. I'm a cool investment mom. I feel that. I feel that. Now, Bea, I heard you mention the term dollar cost averaging. I have

thrown that around a few times historically. And like, to be fair, I'm going to be honest with you, I kind of just smiled and nodded, but I actually have no idea what it means. Okay. So that means you're giving yourself exposure to the market at lots of different points. So say you have $1,200 to invest, right? You're like, I really want to invest $1,200 and you've got it in your savings account. How do you know that today is a good day to enter the share market? I don't know that. You don't know that. I could look at the historical performance and be like, okay, cool, based on history, maybe today is a good day. But as a very good ex-financial advisor, Beck, past performance is not indicative of future performance. And we know that that is true.

But what we can do, because unfortunately timing the market isn't a thing, unless you're Warren Buffett and you somehow have this insane ability to invest really well, the average person doesn't have that. So the next best thing we can do to timing the market is have time in the market. And so when we have time in the market, that means instead of dumping that $1,200 in all one lump, you might choose to put $100 in each and every single month. And that means if you, you know, bought 10 shares that are worth $10 this month. Well, next month, they actually might have gone down a little bit. And so you have the same $10 to invest, but you know, let's be dramatic, the share market's dropped by 50%. So instead of buying 10 shares for $10, you're now able to buy

20 shares for $10. So you've increased how many shares you have with the same amount of money that you're investing, right? And then we extrapolate that out. And then maybe the month after that, the share market's up and you go, okay, cool. Well, now it's up 50% because we're just using averages and like being dramatic about our example here, because I think it makes the most sense. Share market's up 50%. So now you can only buy five shares instead of the 10 shares that you originally got for $10. So one month you bought 10 shares, another month you were able to buy 20 shares. The month after that, you're only able to buy five shares, but you put the same amount of money in every month, right? Right. But that means that if we averaged it out,

like let's say over 12 months, the average kind of becomes a lower price point than what the high of the market is and what the low of the market is. So we only end up on average paying the average amount that the share market is worth. Because as I said before, first month we paid the average. Second month, we kind of were onto a winner because the share market was a bit down. So we made more of the money that we invested. The month after that, share market was up, but we still invested because you don't know if it's going to go up any higher than that and that's still a good opportunity. You don't know if the month after it's going to go down, but over time, the market ebbs and flows. And what that means is we end up with an average line that gets drawn between the

ebbs and flows and that's what we end up paying. So if we extrapolated that out, instead of paying $1 for each share, which you were doing at the start, if we averaged that out, you're actually paying 75 cents per share in the example I've given, because sometimes you're paying more, sometimes you're paying less, but by consistently being in the market, we've saved ourself money. And that means that we're not trying to time the market because no one can do that. I've said before on this podcast, if I could have timed the market, I have the knowledge. I used to be an investment specific financial advisor. Like I would work with people worth tens of millions of dollars. Like, and that's not a flex. That's just me saying I had that experience and I still

couldn't time the market. So I don't mean to have too many tickets, but I don't know how other people are thinking that they can time the market. When I was in such a privileged position, like I had access to clients with heaps of money. I had access to the best brokers in the country because people with lots of money can afford the best brokers. I had access to the best investment houses in the country and those investment houses. So they're basically people who do a whole heap of research on the markets. And when you get to a level of financial advice where your clients have heaps of money, you can pay a lot for the research. And I love that because I'm super interested in it. But even with all of those resources accessible to me, still can't time

the market. So I don't know how the average bro at brunch is like, oh yeah, the market's going to be done. It's going to be a sick thing to buy next week. Mate, you don't know anything. Sit down, drink your oat milk latte that you asked for to be a little bit extra weak because you had a big night last night. I'm done with you. No one can time the market. End of story. That's the wrap on this part of the conversation. That's why dollar cost averaging is important, Bec, and that's why we want to consistently invest instead of thinking that we can time the market and put our $1,200 in immediately. Mic drop. Does that make sense? That makes so much sense. I hate saying does that make sense as well? Because I feel like I made sense. It's something that's like,

we need to drop that out of our vocabulary, actually. I was talking to a friend about this the other day, complete sidetrack. It's like saying, oh, I'm just a podcaster or I'm just, you know, a videographer, right? Like you're not, you are a videographer and you're a good one. It like downplays our ability to communicate efficiently or to even stand our own ground. Right. I feel like I say so many times, oh my gosh, does that make sense, Bec? As though I didn't know what I was talking about. Like, oh, Bec, did my example make sense? I knew I made sense. Why am I saying that? Yes, you did make sense. I guess a better way, because you don't know if I've fully absorbed everything, is maybe to be like, do you have any questions? Did you

absorb that? No, that's so mean. You silly, silly girl. That's so mean. We're not doing that at all. So what's your next question? And I'll try and answer it in the most educated way possible. Thank you. I do have more questions for you, but I reckon let's take a quick five seconds to rest and recover. Yeah, because we spoiled it the other day. I had a whole heap of DMs from people being like,

what do you mean you didn't get a cup of tea? I'm like, no, it was a fake break. So we're going to take another fake break and we will pay the bills with the advertisement that you hear and we'll see you on the flip side. Love you. Love you. Hi, everyone.

And we are back from our fake break. No, it was a real break. I do actually have a coffee now. You do, actually. That one was real. But generally, don't be fooled. We can be lazy. We can be lazy.

We can be lazy. Now, V, we are talking about investing on Allure You Come today. So we've talked before on the pod about different levels of investing and different available platforms. Run us through this again and where to start. This is a big conversation. Are you ready to sit down and strap yourself in? Maybe you should have got a coffee as well.

Oh, damn. So last year we did an episode. It was on the 4th of May. So if you want to go listen to that, it was comparing the different types of investment platforms that exist here in Australia, because not all investment platforms have been created equally. And I kind of framed that in different levels of investing, kind of in context of like primary school, high school, university, except we kind of called it entry level and then like advanced investing. And like, I wanted people to understand that from my perspective, not that this like legitimately exists, like people don't go, oh, we have a basic platform or we have a super advanced one. Like I wanted you guys to

understand, I guess, from my perspective as an ex-financial advisor, the entry points and what the different entry points look like. Because from what I deemed to be an entry level platform, I said, look, I reckon micro-investing platforms where you're depositing minimal amounts of money, like you're able to invest like one cent or a dollar or something small is probably where at a beginner level is at. Obviously, when it comes to micro-investing, that is different than a direct share platform where you're able to go and pick the actual share. A micro-investing platform, while you might be able to pick your risk profile, you don't have any control over the actual investment options that are available to you. You can pick, oh, I'm a conservative or

an aggressive investor, or you might even be an ethically conscious investor. But what's in that profile is just the set by the platform and it's not actually controllable by you. And obviously it's going to depend which micro-investing platform you choose, but like lots of them actually now have the ability to round up your spare change, which is kind of cool if you're not a massive investor and kind of want to dip your toes in the water, but you also don't know what to spend each month and you know that your oat latte is going to cost, get this, I paid $5.50 for an oat latte the other day. Where was that from? Gross. I'm not going to tell because last time I ended up creating a Daily Mail war in Coffee Gate Haven, so we're not going to talk

about that. But I paid $5.50 for a latte and I still do play with micro-investing platforms because I just find them interesting. And I kind of, because I exist in this sphere of she's on the money, I kind of like knowing what's going on. Like if you guys are talking in the Facebook group about a particular investment platform, I'm going to be like, yeah, I understand exactly what they're talking about because I have personal experience with this because I put 50 cents there. But essentially, if you round up your purchases, that $5.50 latte goes up to $6 to the nearest dollar and invest 50 cents on your behalf, which is kind of cool to know that every single platform is kind of like looking after you, but then you step up, right?

And the next was intermediate level. We're talking about DIY investment platforms, but some of them give you the ability to invest with as little as one cent. So like our friends from Sharesies, we talk about them quite often because we work with them quite closely. Use the code SOTM for a free $10 when you sign up, which I just think is a really good money win. I don't make any money off that code, by the way. We talked to them and I want to say that clearly because I don't want people to think like, oh, she's using a referral code. That means she'll get $10. No, we talked about it. It could be $5 each or I could have

given you guys $10 to sign up and I'd prefer you guys to have $10 to sign up because I don't want you to think that I'm recommending something because I'm being paid. Does that make sense? like I only work with brands that I genuinely know, trust and think are going to put you in a good position, right? Anyway, sidetrack, you can invest with them for as little as one cent. Whereas if you went over to another platform that's quite popular in our community, SelfWealth, you need a minimum of $500 to enter that platform and start investing, which is fine because if that's what your prerogative is, that's what your prerogative is. But they have different bells and whistles that Sharesies might not have. So like Sharesies gives you like base level of information.

It's really digestible. Whereas SelfWealth, it actually is far more technical when it gives you like insights and guidance and like reports on each company. It's going to be a bit more deep. Some people want that. Some people get analysis paralysis when they go on a platform like that. But I think we deserve to have the transparency of understanding where it is. Anyway, go listen to that episode because I won't, you know, redo the whole episode here. And I think that that could be quite powerful for you to understand because there's actually a lot of different platforms that are accessible to people who are investing with a low income. So there's micro-investing, then there's investment platforms that are able to be invested on with one cent.

But then there are also ones, let's be honest, that if you discovered them first, you might assume that you are just out of the market because you don't have that $500 to start right back. Like if you did your research and just said top investing platforms in Australia and self-wealth came up first and you hadn't listened to She's On The Money and you didn't understand this market, you go, oh, I don't have 500 bucks. Oh, I thought investing might've been for me and it's not. And then the conversation ends there. Whereas if we give you everything on a platter and I say, okay, here's your education, please absorb all of this. Now here's a table, which is actually in my investing book. And I think I also have it for free download on my website. I'll make sure it is

if it's not by the time this episode comes out though. And it's basically a table that compares all of the platforms, their features, their benefits, how much they cost, what their minimum investments are, and what other like bells and whistles and information you need on it. Because I couldn't find one place that wasn't an advertising platform that compared them. Because I was like, all right, well, you deserve to be able to see the fees on Raise versus Spaceship if you're planning on micro-investing and have it be really transparent. Everywhere was a paid advertising platform. Or like you go onto the Raise website and they're talking about the spaceship fees. I'm like, well, that's not going to be the best place to get information

about whether spaceship's good for me or not. Right. So I think it's all about doing your research, but then also not feeling overwhelmed because investing in 2023 is super accessible and you can do it and it is absolutely worth doing it. Like it is not something that we do because you need millions in retirement. Do not feel that pressure, like discount that completely, but like start building your financial literacy. I've had people ask me oh Vy I'm just so excited about my investment journey but I'm still in a bit of personal debt. If that's what's going to motivate you and you already have your emergency fund and you are up to date on your payments five or ten bucks invested on the investment platform so you feel like your life is progressing

and you feel like you are getting ahead financially that's a good investment from my perspective. Yeah. Like you need to make the right decision for you though and I can't tell you what that is. Because for a lot of other people, they'd be like, oh my gosh, I don't even want one share or one one cent ETF before I'm out of debt because that will give me anxiety because that money could have been getting me out of debt. But at the end of the day, it's a completely personal decision. And I think that you guys need to make that yourselves. But my job is to just give you all of the resources that you deserve to have access to, to make those decisions properly for yourself. I love that. I reckon that's all we have time for today, V. No, I'm not done.

I know. I could go on and on and on, and I have before. I know, Bec, you've actually written down a cute little list of a few episodes that you think people should go back to to listen to if they haven't already. What are they? Yes. So obviously, we have done a few episodes this year that will be very helpful to you. So the first one I'm thinking of is, I believe it was the 4th of Jan.

We did setting up an investment plan for the new year. Yep. And then Feb 1st, we did scarcity mindset investing. That was a good one. I mean, I'm biased because it was literally my podcast, but I think it's important to talk about scarcity mindset because that could be a roadblock to you actually starting the process. And then finally, March 1st, we did Back to Basics of Investing.

Which was very sexy as well. Yeah, that was a really good one. So I feel like it's as though I'm obsessed with investing and I want you guys to have as much information as possible. And if you think I'm done with investing topics, I'm not. No. We'll keep on keeping on. But as you said, Bec.

They're going to keep on coming. That is all we have time for today. If you want the investing conversations to continue, feel free to join our Facebook group where we have judgment-free conversations about money and investing every single day. Join us. I would love it. We're also really active on TikTok at the moment. We're not that good at it, but we appreciate your support.

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