She's On The Money - Stop Overthinking & Start Growing Your Money!

Episode Date: August 13, 2024

Do you ever spend hours & hours researching the perfect shares & ETFs, but then freeze and never actually invest? Have you gone down a rabbit hole of comparing all your insurance options to get a better deal, just to get overwhelmed and stick with what you’ve got? What about when you spend so much time stressing over all the little details of your trip away that you kick yourself because the price goes up? Join V+B as they talk through why analysis paralysis is plaguing millennials’ finances and what you can do to get your decision-making mojo back. This episode has all the tips and tricks that will change your life when it comes to making decisions for your finances. 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. Do you ever spend hours and hours researching the perfect shares and ETFs but then freeze and never actually invest? Yes. I know I certainly don't. But have you gone down a rabbit hole of comparing all your insurance options to get a better deal just to be overwhelmed and stick with what you've got? That actually I can relate to. But what about when you spend so much time stressing over all the little details of your trip away that you kick yourself because the price goes up because you've waited too long? If you answered yes to any of those questions, then it's likely that you've fallen victim to analysis paralysis, a phenomenon that's

holding you back from moving forward and can even be costing you money. Oh my goodness, this is so relatable, Veece. What are your favorite topics? I'm Bex Syed and joining me today for what I know is going to be a very empowering chat is the person you want on your team when it comes to all things finance and behavioral psychology, Victoria. Divine, Divine Victoria. Oh, Bex Syed. She's shaken up the intro. I'm proud of you. I love where you're going with this. Absolute slay. Thank you so much. So V, I guess like for anyone who isn't familiar, let's start by outlining exactly what analysis paralysis is. It's a really nice term because it rhymes. It just flows. It makes it easy to remember. It just makes sense. Yeah, I like it.

I also feel like we talk about it a lot on the podcast, but we haven't done a full episode on it. So now is it's time to shine. So analysis paralysis is a state of overthinking or over analyzing a situation to the point where a decision it's never made, essentially paralyzing the decision-making process. The phenomenon occurs when you become so overwhelmed by the potential outcomes, the amount of available information, or the fear of making the wrong choice that you're unable to make any decision at all. And as I've said before, Bec, not making a decision is actually making a decision in itself. So we really need to address analysis paralysis and not bury our heads in the sand. There was a study done in the US, because that seems to be

where the most studies come out of. Best believe. I'm always trying to find Australian studies, but alas, everything's bigger in Texas, as they say. But it was known as the JAMJA study, which sounds kind of cute where psychologists sheena ingar and mark leper showed how too many options can overwhelm us no shit sherlock but in a supermarket they set up two tables one with 24 different jars of jam and one with just six the results about 30 shoppers picked a jar from the limited options while only three percent picked from the larger variety so shoppers beck were 10 times more likely to make a purchase when they were faced with fewer options. It's a while to think about because I feel like when we are, if I was to start a business,

for example, and I wanted to like, you know, maybe sell jams as exactly like this experiment, I would be like, oh, I'll have as many options as possible because people love different things. But turns out it really does. It's so interesting, right? There's also another study that was actually done in Australia, not so research backed, But it was about a Coke can vending machine, right? Right. So they had a Coke can vending machine and they put it on a train station platform.

And like if you owned that vending machine, Bec, you'd be pretty annoyed if you then found out that Pepsi had put a vending machine beside yours, wouldn't you? Clever. You'd be like, well, clever, but also really annoying. Rude. Exactly. But it actually increased sales of both. Why, you might ask, Bec? because while not analysis paralysis, it's just really interesting. I think, Bec, the question

for the consumer went from, do I buy a Coke or not? To do I buy a Coke or do I buy a Pepsi? That makes so much sense. Yeah, right. So it's interesting to talk about, I guess, consumer psychology and this is what that plays into. Give people less options and they're more likely to make a decision. Overwhelm them with too many options and they'll just go, this is all too hard. I am going home. That's really, really interesting. It does make sense. But Vy, I want to touch on this because you have a background in behavioral psychology. I'm a little bit of a nerd. You are correct. Yeah. So do you kind of like know why this happens? Yes, I do. And I feel like I've just started explaining it before you even asked me. So

good prompting, Bec. But humans are naturally wired to avoid risk, Bec. I've spoken about this before. Like, remember way back in the caveman times, it was all about survival of the fittest. Oh, I remember. I don't really, yeah, like we were both there. So we really don't want to take on unnecessary risk. And a lot of us still have that hardwired into us, right? Behavior is rooted in evolutionary psychology. This inclination, it's linked to our survival instincts where avoiding potential dangers meant that we were more likely to survive and therefore reproduce, which is obviously the most important thing in the entire world, Bec, our reproductive abilities, especially as women.

Exactly. As women, and especially for the queer community, it's the most important thing is that you reproduce. I have heard, Bec, that you've been trying very hard to, but not been successful yet. Yeah. But that's a conversation for another day. That's a conversation for another day. I'm so sorry for getting involved. I watched Mean Girls and I heard that if you have sex, you will get pregnant and you will die. And you've been basically risking it for the biscuit. Yeah, I know. And nothing's happened yet. So, I mean, I guess we just got to keep, we're going to keep trying. Lucky this isn't a podcast about sex because we've known literally nothing. Anyway, segueing back to the actual conversation, Bec. Great call, V. So, I guess like the majority of

our listeners are, of course, millennials, but high to those who do not fit in that category as well. Research shows us that our gen is particularly vulnerable to analysis paralysis. And I mean, like I do have some theories why. I want to know your theories before I get into it. Are you sure about that? Of course I do. I mean, from the woman who has been trying to get pregnant with another woman, I just feel like this is going to be enlightening at best. Absolutely. You can tell that I'm extremely bright. The sharpest tool in the shed, they say. But I guess like for me, I'm thinking that if you were born maybe in the older generation, you didn't have to, you know, I'm kind of like really zooming out here, but you didn't have to pay for education.

Houses were a lot cheaper, like, I don't know, millennials and younger. And I'm sure, you know, this goes for everyone. There's a lot of people that would be struggling with finances. But for us, it kind of feels like we don't have a lot of the flexibility. We don't have that safety blanket of just being like, I'm not going to think about this one. I'm just going to go for it and see what happens. We actually sometimes can't do that because we might literally not survive.

So I guess that's why maybe it's more prominent in our generation. But I do want to ask you, what is it about our generation that makes us more susceptible? So I think you're right. Like zooming out is really helpful. If we look back historically, like even the way that my parents made decisions, which wasn't that long ago when they were, you know, our age making decisions about things. If they were purchasing their first home, they weren't able to jump online and do a heap of research and do a market analysis. They were asking their parents and their friends for advice. And I feel like the same is true.

Like at the moment, there's a conversation online, particularly on TikTok, as you know, a victim of the algorithm. I basically live there now. It's information overload. And there's so much weight that we carry on our shoulders. And when it comes to even news, I feel like today, Bec, you and I are so well educated and I'm so grateful for that privilege. but we're so well educated of what's going on in the world that the older demographic is actually

really struggling with this. Because, you know, if we think about our grandparents, people in their eighties, they aren't used to this amount of information overload. Like if I look back and look at my grandparents, right? Like my nan and pop, they grew up in a world where they were in Tasmania. They were on a tiny island off the coast of Australia. They were sheep farmers and they also farmed poppies. That's what they knew. Like they didn't have a lot of outside influence. And when they did, it was the local paper. And what does the local paper feature? Local news. So the worst things that could happen to them were really based in Australia. And even though the news stories internationally were massive and, you know, terrifying and honestly, some of the things

happening were just as bad as the things that are happening today, they weren't privy to them. So now that they are being overloaded by this information, lots of them are experiencing significant levels of distress because of this information overload, right? And in today's digital world that you and I have arguably grown up in, we're constantly bombarded with endless streams of information and choices, whether that's about world news or buying your first home or which savings account is the best savings account or, you know, which ETF do I purchase? I mean, you got analysis paralysis just the other day when you were downloading Sharesies. You download it and you're like, this is simple.

And then you're like, wait, what do I invest in? And I think that that happens to all of us. The mental load of our modern lifestyles, it demands we juggle numerous responsibilities and decisions, which leads to cognitive overload. And this state of being overwhelmed can cause decision fatigue. We're just over it, where the sheer volume of decisions becomes mentally exhausting. As millennial women, you and I, Bec, we often face high expectations for success and fulfillment, which can then lead to heightened anxiety over making the right choice for our

future. We also experience FOMO like never before. Because Bec, if my parents' friends went out, they heard about it the next time they caught up with their friends. And by that stage, they're probably forgetting what had happened. If I don't go out with my mates, I see it on Instagram, I see what they ate 10 minutes after they ate it, or even, let's be honest, Bec, before they even got to try it because they took the photo to post before they actually dived in. But we get FOMO at a level that's never been experienced before. And we are consistently worried about making the wrong decision, which can paralyze us into inaction. That actually makes a lot of sense. So V, how does this impact our finances?

Significantly. Look, it might not be the biggest deal, like how I experienced last night. My husband and I could not pick what we wanted to watch on Netflix. Analysis paralysis, too many options. We ended up going with a show that we'd already seen. But analysis paralysis in financial decision-making can actually cost you a lot of money. This is known as opportunity cost. You need to think about what you are actually risking by not taking any risk at all. Let's take investing, for example, Bec, because it is my favorite topic ever. You know you want to invest, but you're trapped in analysis paralysis. You're trying to figure out where to put your money. You know that you want to invest. You know that you have some money to

invest. Maybe you've already picked a platform. This is literally UBEC in a nutshell, but you're stuck comparing the different fees of maybe the different platforms if you haven't picked one yet. Meanwhile, the clock is ticking and then suddenly it's six months later and you still haven't started. Suddenly it's three years later and you haven't invested a dollar. Every moment of indecision means that you're missing out on potential money in your pocket as your investment could have been compounding over this time and we know on average money compounds every seven years so beck the amount of decisions i've put off for that period of time is wild i know and i know this isn't the same but i was just thinking as you're um saying that that like i really want to buy a

new phone and i know it's not smart it's not i know it's not wise because my phone works oh mine doesn't I actually need a new phone well this is a good example tell me more so last week the Google Pixel 8 Pro was on special it was like $700 cheaper than it usually is I forgot that you are a non-iPhone girly I'm not an iPhone girly I do love my Google Pixels and then I was like oh sick like it's a thousand bucks let me just think about it for like a few days that's so much money Bec it's so much money it's so much money but I was like oh it's so much cheaper than usual I might yeah I'll probably buy it but let me just like sit on it and get my finances in order and then I went to buy it and it was just a special for a week and it's gone back to regular price and so

so are you still this is a side conversation if something was discounted and the discount was motivating you to purchase it back huh and then it isn't discounted anymore and you somehow don't need the item did you really need the item to begin with well that's you're so right Victoria You're like, that's not what this episode is about, Victoria Devine. No, that's true. Well, I'm going to buy it anyway. That's the problem. So you did need the item.

I did. I did. And it's too late for me. So anyway, that's my story on analysis paralysis. Let me hear what you've got, if you have anything. I feel like I get analysis paralysis over so much. Like even analysis paralysis, this is probably a bougier purchase, but my wedding dress. So like I didn't want to spend heaps of money on my wedding dress.

Spoiler, I did. but I didn't at the start and I was like you know what I'll do like I'll buy a second hand dress off still white because you know wedding dresses are exorbitant like they're so expensive and it didn't make any sense to me anyway went back and forth and back and forth and I ended up buying a dress off still white so a second hand wedding dress and I thought this is perfect because let's be honest the dresses have been worn once like people aren't wearing these dresses and then selling them because they've worn them for a year and they're over it and it's out of their wardrobe they wore it for their special day. And honestly, most brides wear their dresses for a max of like six

hours before they change. Anyway, back to the story at hand. I bought one basically shotgun because I started to get worried that I was going to miss out on it and I purchased it and then it didn't fit my body properly. And I thought, all right, well, maybe I'll go on a diet. Maybe I'll do all of this other stuff to like fit in the dress. Turns out that's a terrible idea. I was like come to my senses I was like why am I dieting for a wedding like that is not who I am at my core absolutely not I do not want this good so then I put off for ages what I would do because I was like I feel like I've now wasted money on this secondhand dress yes I did relist it to try and sell it but like what do I do now Beck anyway analysis paralysis ended with me having to spend

even more on my dress because I'd left it so late and it turns out that you needed to have like a long period of time for your wedding dress to be made so it had to be on like a shorter time frame which is more expensive and anyway it was a lot and I ended up wasting a lot of money getting to my dream wedding dress I don't regret it for a second because I'm in love with that dress I know I will not be selling it but oh that's a shame analysis paralysis in that circumstance cost me a lot because I feel like I was throwing good money after bad even though I wasn't and if I had just got myself together and worked out what I actually wanted instead of putting it off and putting it off, I wouldn't have spent nearly as much as what I actually did. Yes. Let's get

back on track. Yes. Because I feel like both of us have suffered with analysis paralysis. We now know what it is. And I'm going to arm you today with a toolkit full of mindset shifts and actionable tips to be able to push through that analysis paralysis and get your decision making mojo jojo back. That sounds really juicy. So let's have a really quick break before we jump into that. Don't go anywhere, guys. Welcome back, everyone. We are chatting about analysis paralysis. V, I'm dying to know how to get myself out of the dreaded loop of indecision. All right, Bec, this is going to come as absolutely no surprise, but you all know I am a big mindset girlie. So I think we should start with three shifts in your thinking that

you can make to help you get unstuck. First things first. Now, this one is going to be hard for our perfectionists out there, but firstly, what you need to do is embrace imperfection. Once you realize that there is no such thing as the perfect decision, aiming for good enough is often, honestly, the best approach. You've heard the saying before, Bec, done is better than perfect. There's books called done is better than perfect. Like they're onto something. The next thing I want you to consider, and another key mindset change, is to accept uncertainty. Not all variables can be controlled, and that's actually okay, Bec. Making a decision despite uncertainty is how we grow and how new opportunities arise for us. And then finally, there's never gonna be a perfect

time. If you're waiting for all your worries to disappear or you to be in the absolute perfect position to do it, make a move now, otherwise you're gonna be waiting forever. Bec, how many times do you say to yourself, I'll just do it once I X, Y, Z. Oh my gosh, Bec, I'm going to start saving once I earn more money. Like for real, that's not going to happen. Lifestyle creep's going to get you because you already have your head in the sand. That's so true. And then you think about like when you were a year younger or two years younger and you still said the same thing. And honestly, like some people literally can't save and invest in all these other things, and I totally get that but if you have the capacity to you'd rather be you know for example

I'm going to be 35 eventually I'd rather be 35 with like an extra 200 bucks of savings than yes you know exactly so gonna get there eventually but may as well have a little bit of a surplus you know I feel like we're all guilty of it right and my favorite time of the year to be reminded that analysis paralysis strikes us all is new years when you're like should I set any new these resolutions? No, because I don't do them. Yeah, yep, yep, yep. It's a real reminder. It's a bit dire. Yeah, unfortunately. But yeah, I think so. That makes sense. I feel like those mindset shifts really would feel quite empowering and freeing. But what about when it actually comes to making a decision? You know me, I am, if nothing, predictable. I love a good goal-setting

session. We've got one coming up for She's On The Money soon. Not for the audience, but for you and I. We're going to sit down and set some goals, which is going to be slay. But you know that I never jump into a decision without setting some clear goals and working out what is important to me. I feel like goal setting is like breaking down the big task that feels overwhelming so that it can be like small bite-sized pieces. And if they're not pieces that you feel like you can buy because they're still too big, break them down even further. Like tiny steps are still steps in the right direction. And I think that's really important to remember. The next is I really like a deadline. I work really well under pressure. In fact, if I do not have a timeline, things do

not happen. So give yourself a really specific timeframe to decide. Like when you look at a menu and can't decide between having the pasta or the pizza, give yourself until the waiter gets back to you and then you're forced to make a decision. I feel like that's how I always make menu decisions, Bec. Like I'm really last minute. I can't make a decision. Like at brunch, I'm like French toast, eggs. Oh my God, they've got pancakes, French toast, eggs, pancakes. And then the waiter comes in. I'm like, I'll just have a piece of toast. Thanks. I just can't make a decision. And then I default back to what I always order. It's usually the wrong. I'm not trying to And then I get FOMO. I mean, it's probably a really good place to start and practice our

decision making because let's be honest, investing can be overwhelming and money decisions can be overwhelming. Like let's start small. Let's start reading the menu and have an answer for the waiter by the time they get back. That sounds small, but that's big for me. Totally. And I feel like, yeah, if you start there, like that's pretty inconsequential. Like you can't really get that too wrong. So practice, practice, practice. Exactly. Practice makes perfect. And setting a deadline is going to help you from overthinking and just keep things moving. The waiter doesn't need to go away for another couple of minutes for you to make a decision that's going to be the same decision you were going to make at that point in time. Like just order the food.

You know what I mean? I feel you. It's deep. It's really deep, guys. It's really deep. Then what I want you to do, and this is where analysis paralysis really sets in, right? And that's, I want you to do your research, but put a limit on it. So to really stop the information overwhelm, I need you to limit two things. So the amount of time that you're going to allow for research and then the amount of sources you are going to use. So I like this because then it feels like a university project or like a school project, right? Like Beck, you have 500 words and you can use three references. Like, I think that that means that it feels a little bit more structured. You feel like you're doing your due diligence,

But getting started and actually getting some skin in the game is going to be the best research. And I think that that's what we want to get to faster. Bec, putting my psychology hat back on, a law in psychology known as Hick's Law actually tells us the more choices we have, the longer it takes to choose due to the increased cognitive load of processing of each option. And you know what that leads to? What? Not actually even making better decisions.

Of course, of course. Which is kind of sad. Hence the toast. Yeah, hence the toast. I love toast. That's fair. Well, in that case. Honestly, my default option at brunch, if you should care, is actually two poached eggs

on buttered toast because there's nothing worse than a cafe bringing out your eggs on toast with no butter. Like, be for real. Who's ordering eggs on toast with no butter, Bec? Yeah, that's so true. That order will stay with me forever. Do you like them runny or hard? Just like normal poached eggs, runny.

Like, if they're hard, like, that's actually quite illegal. Yeah. So ultimately, you want to be informed, Bec, but not overwhelmed, because that actually doesn't help anybody. And you don't need to know absolutely everything on the topic to make a good decision. And if you're listening to this, yes, I am, in fact, talking to you, the person who overanalyzes absolutely everything and still goes, oh, my gosh, but there's still so much to learn about investing, V. You're right.

There is. I'm even still learning. But that doesn't mean that you stop yourself from getting started. Exactly. You can learn on the journey. It's never too late to learn and it's never too early to start. All right, Gandhi. I think that I've summarized this whole thing and we're done.

But no. Hop off, queen. Thank you so much. V, I want to know, what about when you're comparing differences? All right. So when I'm trying to compare differences, often I'll make a spreadsheet. So for those of you interested, recently I traveled to Europe. This is a little bit of a flex to remind you that I got to go to Europe this summer.

But also, I made a spreadsheet comparing the pros and cons of different travel prams for Harvey, and that's who I am at my core. I know that not everybody is like that. But what I do that you could do is I work out what's important to me and then prioritize them in order of importance. So if we were talking about investing, for example, Bec, I could sit down and go, well, what's the list? Like, what's important to me?

Like, I'd say, Bec, you want to invest, yeah? And you go, yeah. What's important? Is it important for you to have ultimate control over your shares? Is it important that you have direct shares over ETFs? And you might go, no. Okay. Is it important that you're an ethical investor? Yes or no? Like these are so easy to answer. We're not trying to do deep amounts of research, but then what I want to do is create a pros and cons list. It's classic, right? But it's a really effective way to visualize your options and then consider the worst case

scenarios. There is a book called, What is the Worst Thing That Never Happened to You? that's powerful it's because so often we consider the worst case scenarios and then get anxiety from these worst case scenarios and ultimately most of these things never actually happen sometimes knowing the worst that can happen can actually make the decision easier as well like beck what's the worst thing that could happen you lose money okay what's your initial investment like beck let's pick one all right so let's pretend it's fifty dollars to me fifty dollars is not a trivial amount of money it is a significant amount like yeah and you would agree I think oh yeah oh yeah for sure so when it comes to this 50 dollars if we invested that big and

then oh my gosh you lost it all is that actually the worst thing to ever happen not to ever happen that's true exactly so like let's try and contextualize this and if putting 50 dollars into the share market and losing it is going to be the worst thing that ever happened I think we need to strip back. I think we need to go back to our financial house and create an emergency fund and do our budget and do our cashflow. And I would say that maybe you're not ready to invest because if losing $50 is the worst ever, and it's going to impact your financial life significantly, we need to reassess our goals, right? I then also always talk to independent experts, get their advice, financial advisors, mortgage brokers. They can be invaluable sources

of information. Literally, it's their job to know everything that you don't about that topic. So take advantage of it and it might lighten your mental load. And then, Bec, if you're really struggling to choose, do you know what I'm going to say? I have a feeling. Is it, when in doubt, zoom out? Yes. Ask yourself if the small differences that you're stressing over right now are actually what really matters in the long term. Like, spoiler, they probably don't matter. Yeah, that's so true. And that's not to invalidate it, but ultimately, is it going to change the trajectory of your entire life? Probably not.

Like if you pick the wrong ETF today, Bec, do you know what you can do? You can invest in it for a little while and then change your investment a little down the track. It's really easy. Yeah, that's very true. Like it's not the end of the world. Sure, sure, sure. Okay. So let's say hypothetically, we've come to a decision. What's next? so once we've made a decision this is the hard part we have to take action because how many times

do we say to ourselves we've made a decision and then we're like we actually haven't made a decision because we don't want to action it yet we're like oh yeah no no I've decided I'm getting the red one have you ordered the red one back no no no and then all right well why don't you order it right now and then you go oh my god but they've also got blue do you reckon I should change to blue right so we want to make a decision but then we want to take action and actually trigger that this reduces the likelihood of second guessing like just get it done beck just pick the red one order the red one because then if i bring up that there's a blue one you're like oh v i have actually already ordered it it's all good though thanks though if jumping in all at once feels like

it's too much beck just start small gradual actions can build your confidence think about it as kind of like dipping your toe in the pool before diving right in. I've said this time and time again, like if the steps are too big, make them smaller. We can take tiny, tiny steps. If the analysis paralysis you're actually experiencing is actually over-researching to begin with, like you're like, oh my God, I don't even know where to start. Google, what is an ETF today? You just took a tiny step in the right direction. So do small things that add up, Bec. Okay. So, V, what I'm taking away from today is that you don't need to know every little detail to make a good decision. It's all about breaking things down into manageable steps and not letting the fear of missing out on the quote unquote perfect choice hold you back. It's really about simplifying your options and focusing on what's important, which will make you feel less overwhelmed and more confident in your financial decisions. Taking action will feel so much better than being stuck in indecision. Exactly. And like, there's no such thing as making perfect decisions. In fact, some of the worst decisions I've ever made, I do not regret because they've led me here, right?

Yeah, true. Like some of the worst decisions and I'm like, let's be honest, was it smart of me to get into $40,000 worth of personal debt back? Absolutely not. No one would look at that and be like, oh, that's so smart of me. But She's On The Money was born. She's On The Money. Exactly. And I feel like we all have situations like this where I'm not saying make the wrong decision and just yolo. Do a little bit of research. Understand it. We can grow. We can learn. But nothing is going to be perfect. And sometimes you can do all the research in the world, Bec. You can make what you deem to be the perfect decision. And then tomorrow, Trump could come out and say that something happened online, tweet about it, and the entire

economy could go into a panic. Like we can't predict the unpredictable. It's wild. And I guess the last thing I want to leave you on, because I've just realized how long we have been recording for Beck, is that I don't think we should underestimate the power of trusting your gut. No one knows your situation better than you do. While researching and getting advice, they're great tools, right? Ultimately, you're the one who's going to be the best judge of what is right for you. So, Bec, I want everyone to confidently take a leap of faith and just believe in your own ability to make the best decision for you and your financial future. At the end of the day, it's not going to be what my decision is. It's not going to be what Bec's decision is. And

even my and Bec's decisions, they're so different. You've got to kind of pave your own path, put those blinkers on and you've got this. Summed up so perfectly, V. I love this. All right. Well, you're in Sydney, my love. So, you've got to get back to this holiday that you're having thank you for doing a little episode on analysis paralysis with me thank you and we'll see everybody on friday and then you'll be back in the studio bright-eyed and bushy-tailed next week for another ep i will be i'll see you guys then bye 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 321 649 27708 AFSL 451 289.