She's On The Money - What Is A Lot Of Money?

Episode Date: January 24, 2023

What does a lot of money look like to you? Is it a lifetime of financial freedom, or not checking your bank account every time you go to buy something? Well, everyone has a different answer, and it is absolutely a reflection of your money story! Join Victoria and Bec as they demystify some unconscious, or unhelpful ideas about how much you need to start investing, and also about how much money you need to be good with money. We also asked our gorgeous SOTM community consider a lot of money is, and it is fascinating to hear what you had to say! 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. Welcome to another episode, Bec. I am very, very excited about this episode. So I'm going to kick it off with a question and it's going to be for you. Bec, what's a lot of money to you? Oh, that is a loaded one. It is not that loaded. It's not that loaded. Like there's no ulterior motives going on

here, but I want to know how much money is a lot of money to you? It depends what time of the pay cycle you ask me, I think. For context, we get paid monthly. Yes. The first week of pay, I reckon $500 is a lot. Yeah. Maybe the second last and the last week of pay, of the pay cycle. Yeah. Maybe like $30 is a lot of money. Yeah, fair. I find it so interesting that that's how you kind of framed it. You were like, oh my gosh, well, it depends on the pay cycle because it's interesting how you respond because everybody responds so differently to that. Like, we're going to talk about it because we did ask the community or I did go to the community and say, all right, I want to know what does that look like? But we're talking about this today

because I think we just need to contextualize that everybody's experience is super different and that, you know, to you, $500 or $30 could be a lot and someone else might be like, oh, $300,000 is a lot of money. And it's really interesting to just see things from other people's perspectives because when we can lean into being able to view other people's perspectives we learn so much more and this episode I feel like is really about also acknowledging privilege and the different experiences as wealth because even though you said oh my gosh 30 bucks like could be a lot of money I feel like some people would look at that and be like oh that's not much money at all and I think you need to step outside of that and go no no I'm not asking you whether you think

that Beck's experience is valid or not. I'm asking you to acknowledge that, wow, like if Beck says $30 and yours is $500, like maybe just go, wow, I am pretty lucky that that's my personal experience. And this is the way that we want to talk about it. It's a judgment-free zone as always, but I really want to be able to highlight people's different experiences and what that means and how that works. And today, Beck, we're going to talk about lifestyle creep and demystifying some of the unconscious or unhelpful ideas about how much you actually need to start investing and how much you need to start when it comes to savings and about how much money you actually need to be good at money. Because I think people have this really weird idea in their head that to be good at

money, you have to have heaps and heaps and heaps of it and buckles of cash. So I did think that was the case, actually, to be fair. It's not true, Bec. It's not true. Are you sure? No, no. Let's get into it though. All right. So I would say it is interesting. So $30 is a lot of money to me. It kind of gets me thinking about like what you would think a lot of money is even like in your childhood. So for example, for me, it was, you know, if I go to a friend's house and they had a silver fridge. Oh my gosh. Yes. Silver fridges were the pinnacle of wealth. You know what takes it another level up? What? The water dispenser. No, that's exactly right. Sorry, I don't know I said no to that. Yeah, that's lit. Like you must be rich rich. Yeah, you're on another level

if you have a water dispenser. You must be doing well. Doing well, must be nice. Other things that I thought made people rich growing up. Oh yeah, what is it? So I would say things like matching plates. Oh yeah, yeah, yeah. A dinner set. A dinner set, yes. Place mats. Oh, place mats is big dog energy. Big dog energy. Like we're not just eating on the couch or eating at the table, we're setting up for dinner. Setting up for dinner. We've got a plate of snacks. You don't have tea in your house, you have dinner. Yeah, exactly. That's when you know. And also reusable napkins. That's big dog energy. That's big dog energy. You don't just rip a bit of paper towel off. No, exactly. I would use literal toilet paper sometimes to wipe my face because I thought it's the same material as a

paper towel, but a little bit cheaper. Yeah, exactly. You will not find a reusable napkin in my household. I don't know if you had this, but I didn't have any pocket money or anything like that. I mean, my mum would, you know, give me money for the movies and she would find a way to make it work. But no pocket money. Did you have? Was that just like being really pervy? Was that a situation where it was like we couldn't afford it? Or was that a situation where it was like, oh, my parents didn't believe in it? Because I think those are two different experiences. I think conveniently both. Yeah, yeah, yeah. Fair. It's like chicken or the egg. I think we probably couldn't really afford it because there was four children. So, but also, you know,

in the same time, it was maybe one of those things that we didn't just, we just didn't do. Yeah, that's fair. We did have pocket money growing up, but I remember thinking it wasn't much and like, not at the time, like now I look back and go like, it really wasn't heaps, but that's not a negative thing because we had all our basic needs met and like, what does a six-year-old or seven-year-old actually need to purchase? Like probably not that much and my dad was an accountant so the reason we had pocket money I do believe was to teach us about money so the amount of pocket money we got was 50 cents for every year that we were alive so if I was six I got three dollars if I was 12 I got six dollars and that was clever I feel

like that was clever but like it was also like a graduation on our birthday I'd be like I get another 50 cents like this is big dog energy that's big dog energy and I think it's I think it's interesting looking back because I remember knowing that I got my $6 or I got my, you know, whatever it was at that period of time. But then I saw friends who'd get like a clean $20 bill and I'd be like, wow, that's wild. Like that was insane to me. So it's interesting, different experiences, but then also where you grow up really does give a bit of a deep dive into the types of like pocket money experiences. Because our pocket money was actually for things we wanted to buy and we had to save up for them and it wasn't as though you know if we said oh mom I

really want xyz like we didn't just get it we had to save up for it or I remember dad always saying things like well if you save up for it I will match you like if you can save for xyz like if I wanted a toy or something he would say look you can have it we can save for it we can work it out but I will match you and that always like motivated me to save even more this is making a lot of sense It's really painting a picture that can understand how you are the way you are. Yeah, look, I didn't always listen to him. We argued about times tables. I would cry at the table, still not very good at my times tables because of it.

And also I did get myself in some pretty serious significant personal debt when I was younger because I didn't listen to him. But, you know, you live and you learn. So, Bec, you mentioned something before about growing up in a family of four and that pocket money maybe was a bit of a stretch for the family. How did that make you feel when you saw other kids at school getting pocket money or similar things like that? To be honest, when I was in primary school, I didn't notice it very well.

I guess that we all just kind of, you know, I somehow still managed to have like 20 cents to buy a Red Frog or a Chup Chup and everything. I feel like kids, they're super resourceful. Super resourceful. When there is a will, there is a way. Absolutely. I kind of noticed it a little bit more in high school, maybe tried to keep up a little bit with you know the new trends fashion trends etc and those lunch orders you know oh yeah yeah

you could go to the canteen go to the canteen get a lasagna and move oh my gosh yes the high school lasagna was lit i forgot about that actually that was so good and we had these things called dinosaur rolls never ever in my wildest dreams that's because i think my school made them up what does it involve so it's a sausage roll in a white bread roll with cheese and sauce in the white bread roll and then they wrap it in foil and they put it in the oven and, like, the whole thing, like, melts together and it's like a hot bread roll with a sausage roll with sauce and cheese.

That sounds unreal. Yeah, right, right. Anyway, but those were, like, $7. Like, that's expensive. That was expensive for little old V. I feel like it was. Like, looking back on it as well, maybe it wasn't $7, but it felt expensive.

So maybe it was, like, $4, but it felt like big dog energy. Yeah, expensive energy. Okay. So it seems like our perceptions of the value of money are all relative and also highly subjective. Absolutely, they are. So you asked our community what they thought a lot of money was. What did they say? I did. I jumped on Instagram and I just did like this piece to camera and I was like, all right, guys, I need to know. I want to know to you how much is a lot of money. I don't want

to give you any context to like, we're not going to talk about it. And I'll read out some of the answers because they actually were really diverse. And it gave me such an insight just into people's mentalities. And that's why I said before, I really love that you were like, oh, well, it depends on the pay cycle because so many people gave context. So someone said a lot of money looks like not worrying about the color of the plate at Sushi Train. Oh, amen. Yeah. Someone said over $200. Someone else said to be able to buy something without checking my bank account. Relatable. Someone said $100,000. Another person said a million dollars. Wow. Someone then said millions in order to live comfortably for the rest of my life and set my kids up. I feel like

that's a bit more big picture. Then someone said, my friends thought paying $150 for a small lamp was a lot. And I actually thought that was pretty cheap. No way. Yeah. But like, that's her experience. Like maybe she'd be looking at $500 lamps and then she was like, oh, this one, this one's a good deal. Who knows? Someone said $10,000 New Zealand money. And that if I lost more than that, I'd be upset. Less than that, and I'd just be annoyed. And I was like, what in the wealth? Like, what in the wealth? Yeah, exactly. Someone said, I think a lot of money is a salary of $120,000, but maybe like a once off, a lot of money is $1,000. I was like, yeah, okay. Interesting context. Someone else said in terms of cost, I guess $500, but in terms of wealth, a million plus.

Someone then said, oh, anything over $500,000, which to them is a decent house deposit, feels comfortable. And I was like, again, what in the wealth? And then someone said anything over $100 is a lot for me to lose from my bank account. And I was like, okay. So, Bec, with all of that in mind, after I've read them all out and given you said before $500 at the start of the pay cycle and $30 at the end, how does that make you feel? Like, what are you thinking right now? I did notice that $30 wasn't on the list. That's okay. Again, it's personal. It's highly personal. personal finance is just that it is personal it is and we need to respect that yes and it well it actually was very comforting because I did relate to being able to buy something without

checking my bank account I don't even know the last time I bought something without having to check my bank account first so it did make me feel comforted in some ways in other ways you know for example let's say I would be fine losing 10k oh that was unrelatable I would be so anxious that God, that would ruin me. But not relatable to you or I. Maybe other listeners that are listening to the pod are like, oh, yeah, I feel exactly the same. And you know what?

That's actually okay. That's okay. We shouldn't have any level of judgment over other people's circumstances. Absolutely, absolutely. In saying that, let's jump to a really quick break. And when we get back, we can talk even more about this. And I really want to deep dive into lifestyle creep. Oh, let's do it.

I'm so excited. okay v we are back and we are talking about how much money is a lot of money and it turns out there's not actually an answer to that because it's really dependent so that was kind of like what do they call that clickbait clickbait article titles but podcast titles so we don't actually have an answer to the question everyone sorry not sorry i want to know beck what did you do with your first full paycheck? You mentioned pay before and it's just making me think. So I really want to know, what did you do with it? Do you remember? Yeah. So I would say, and this is probably a little bit embarrassing. The first thing I did when I got my first full time paycheck was fill

up my petrol tank all the way. All the way? All the way, baby. That feels so bougie. Oh my God, it was so bougie. I've had this conversation in the community before and there are so many people in our community that are like, no, I've never done it. Like every time I go to the petrol station, I will only put like $20 in or $30 in or whatever it is. Yeah, can relate. Yeah, like and I totally get that. But I also think it's a good way of budgeting. Like a lot of people will be like, oh, well, actually my petrol budget each and every single

week is $30. So I just, even though it's more frequent, I still just go to the petrol station every week and put that $30 in because it just makes me feel comfortable and confident. And I know I've got petrol, but it like doesn't ever blow the budget. but it is really bougie especially right now to be filling your tank all the way so that's a bit of a splurge so would you say that with your first paycheck you did a little bit of a splurge activity I think I did but also I'm trying to remember when I got my first full-time paycheck I was probably 18 so it was like five cents an hour or something like that something relatable

back in the day I remember filling my petrol tank up all the way I also remember buying just like little items that I couldn't really afford before. Like I did a whole grocery shop instead of just bread and some milk and picking up the essentials. I thought, oh, buy a fillet of salmon. That's wild. Oh, good. Did it go off in your fridge or did you eat it? I feel like I ate it. I feel like I was very, because it was, you know, 100,000 years ago. It was very, it still is very, very expensive. I think that's one thing that's never decreased or increased over time. So it's a consistent food. also good food great choices there petrol and salmon I like it those are the two things I bought

you mentioned before that you went and bought a whole heap of little things that you maybe couldn't have afforded before and I guess that's on the flip side of it and we mentioned it at the start of this episode that it really plays into lifestyle creep and lifestyle creep is this concept that over time your lifestyle just becomes more expensive so if you're in uni you probably have a cheaper lifestyle and we say it all the time right like I don't know we've had conversations like this offline where I'll be like oh my gosh remember at uni we used to be able to like you know make 50 bucks last like literally an entire week yes and I still went out most days like somehow I still managed to go out with my friends go out for lunch do this do that like and now

brunch for my girlfriend and I will be 50 bucks and like that's me done for the week like I don't have another 50 bucks so I think it's interesting to see that you said something like oh yeah with my first paycheck. I bought things I couldn't afford before. What do you think about lifestyle creep? Do you think your lifestyle today is more expensive than it was, say, 10 years ago? I think so. And I think that's the funny thing. A good friend of mine once said, and this is a direct quote from her, mo' money, mo' problems. So you kind of- Is your friend a rapper?

Are you trying to tell me you've got famous friends? I have famous friends. Yeah, cool. But I really do think it's that thing that the more money you make, the more money you spend. So I think that my lifestyle now, the amount of money I spend now is way more than what I used to spend when I wasn't making as much. Not that I'm making $20 billion today, but I kind of always just spend a little bit more if I have a little bit more, you know? And this kind of plays into this concept that I think a lot of people just, I don't know, they really lean into because they go,

oh, I don't have a big salary, therefore it's not worth it. It's not worth saving. It's not worth investing? Like, what's the point? Like, I don't even earn that much. But history tells me that it's not actually those people who earn the most money. And I talked about this in my first book. If you've read my book, you know exactly what I'm talking about. But I had two different couples and I inherited both of them as clients. So they weren't my clients their entire lives, which makes sense because I'm in my 30s and both of them would now be, yeah, in their late 70s. So wasn't their financial advisor the whole time. But I had this one couple who he worked as a maintenance man and maybe earned 70 grand a year for like his entire career. Maybe it went up a

little bit towards the end of his career and they had three kids and his wife never worked. She stayed at home and looked after the kids because like that obviously made sense for them. And he retired with so much money because he had been saving and investing that whole time and was really good at budgeting and really good at making things work. And now they have this lifestyle where they have a passive income of about $130,000, $140,000 from memory coming in each and every single year, which is more than they've ever had before. And because he was so good at saving and investing, like they don't have any big expenses. They don't have a mortgage anymore. Like they're all good to go. But in comparison, I had this client or these two clients who were really,

really wealthy. They had a combined income of half a million dollars each year. Like lots of kids, still three kids, all kids are going to private schools. They have, you know, a car loan each. They had a loan for a boat. They had multiple properties that were not paid off because they were just paying the interest on the properties. Cause like with an income that big, you can get the loan. And like that made sense. But looking at their financial planning, I sat down with them because they were in their fifties when they came to me and they said, really want to retire. Like what's the plan? Like, you know, we obviously have a lot of money and they were going on ski trips every year to Aspen. Like that's big dog energy. That is big. But they couldn't afford to

retire and they couldn't afford to retire because they didn't have any savings or any investments at all to put themselves in a position where they could stop working. So their lifestyle was maintainable if they continued to do their really high income jobs every single year. But for them to retire, we did a financial plan that meant they had to get rid of the cars, they had to get rid the boats. I had to get rid of one of the houses. And with that financial plan, Bec, it put them in the same position as my other couple. So their outcome meant that their income during retirement would be exactly the same as my other couple who didn't have that massive income, who, you know, had just plodded along the whole time. And, you know, they actually financially were going to be

in the same position. However, because my first client had been doing it their entire life, they didn't need that much to be contributed every month. But because my other clients who were really wealthy were only doing it in their late 50s, they're in a bit of a pickly position because that means they've got to save and invest heaps, like more than half of their income had to go towards wealth creation and saving and investing to actually put them in the same position. So I will at some point post that example on Instagram because I think it's a really interesting case study to go, well, Bec, it's actually not about how much you earn, but more what you do with it over the long term. And this idea of, you know, we're talking about lifestyle creep, obviously

they had significant lifestyle creep, but it's this idea that, you know, a lot of people think to be good at money, you have to have lots of it. And that's just not the case. It's not the case at all. Like anyone can create financial freedom if they put their minds to it. Wow. That's actually very interesting. Very hot. very chic. This is very hot. Bea, earlier today you were telling me about lotto winners and you kind of came here. Yes, that's actually a really good example over here. So we always hear this idea that a lot of people who win the lottery go broke, right? Like that's not a new concept. I

think a lot of people have heard it before, but there is some research out of Boston University that actually found that, you know, putting that aside, the people that are most likely to go broke are actually the neighbours of lotto winners. So if you live next door to someone who won the lotto, you are more likely to go broke, right? So it was this article that was published in a working paper from the Federal Reserve Bank of Philadelphia in the US and the researchers poured over Canadian data relating to lottery winners

and then bankruptcy claims from 2004 to 2014. And this article, it's centred around people who won less than $150,000 because people who won more than that tended to move away to like more fancy fancy pants areas where they lived among you know more rich people so it's not as relatable of course yeah but the bigger the lottery win in a neighborhood the more cases of bankruptcy there tended to be in the same area and the total amount of cash borrowed also rose across the whole neighborhood relative to the amount that was won and this trend apparently occurred because neighbors of lottery winners tended to splurge on what we call obvious displays

of wealth like brand new cars or boats or things to put in their driveways because they saw their neighbours with them and they got jealous and got a little bit of FOMO and wanted to do the whole keeping up with the Joneses thing. And they're like, oh, well, Beck did it, but maybe he didn't know Beck won a whole heap of money. So people are more likely to go broke because they want to keep up with the Joneses. Isn't that wild? That is so wild. It kind of, in a way, makes sense. And I don't know if you know this about me, V, but keeping up with the Joneses is kind of what made me go bankrupt. So I know that, but the community is not going to know that. You and I have spoken about it. And I think the thing I love about you is that you're so open and willing to

talk about that journey. And I'm assuming it's because you don't want other people to end up in that position, nor do you want to end up in it again yourself. But Beck, from your perspective, having been in that circumstance, do you still, I guess, have the mindset of thinking that you need a whole heap of money to be able to create wealth? Look, to a degree, because for me, it was kind of like, you know, I knew that I wanted to go to uni and study and make a career for myself. So I'd see people around me and they would have the newest MacBook, the best devices. And, you know, I kind of had like a really old laptop or just a notepad and pen. And I kind of thought there are certain parts of life where you need money in order to have a bit of a leg up.

I'm not saying it's impossible to move forward with that money, but it obviously is a very, very nice advantage, right? It's a nice advantage. A hundred percent. It doesn't hurt. A hundred percent. But given you've given us a little bit of context, I'm assuming you didn't grow up in a super wealthy family. So it's not as though you could go, oh, mom and dad, I need a new laptop for you. Is that a circumstance that would have ever happened for you? Yeah. I know that growing up, I knew that my mom would always come through with the goods. She always found a way to. She sounds like a queen. She's a queen. She's probably a budget queen. She's actually now quite a budget Queen, I've realized. I love her. I need to take a page out of her book, ironically. She always

came up with the goods, but it kind of hit a point where I was about 17, 18, and my circle of friends always had, you know, the newest shoes. They're always like, you know, completely decked out in cool stuff. And so, you know, I got to a point where I kind of needed to keep up and I found myself in a bit of debt. You were just spending more than you were earning. I was just spending more than I was earning. And I got myself a credit card at 18. And then before I knew it, I hit like 20, I needed a personal loan to pay off that credit card. And then I kind of just, it just snowballed. I needed more and more loans to pay off more and more loans. And then by the time I hit 25, I was like, I am drowning. I am in a pickle. And that's how you ended up going

bankrupt. We will do some more deep diving, I think, into how that worked, because I think that bankruptcy has a lot of shame associated with it, which is absolutely not necessary, because I'm assuming, you know, grand assumption that when you got a credit card, you didn't know how bad that could be for you. Of course. Because you just didn't have the right mindset. You didn't have the right education or knowledge. And I'm sure that today, if you were handed a credit card, I feel like it would be thrown across the room and you probably wouldn't want it. But I also think that you would have a lot more knowledge today than you did then to use it respectfully, right? Yes, absolutely. I mean, I would hope so. I would hope so. But get a

couple of dollars in my hand and I do become a bit wild. We talk about this concept on the podcast that from little things grow. And it's kind of about these small steps in the right direction. And, you know, there's this quote that says, if you can't manage $1,000, there's no way you can manage $10,000. And I think that that is so true. And I get so frustrated because people in our community will be like, oh, well, that's nice. Like, I'll put an example up, right? I'll go, oh, well, if you invest $500 each and every single month, by the time you reach retirement, you'll have an investment portfolio of $1.2 million at a rate of return of 7.5%. People will be like, well, I don't have $500 a month, Victoria. And I'll go, look, that's a really good

example though. Like I'm not here saying that everybody needs $500. What I'm saying is that, hey, look at the power of compounding. Look at the power of time. Look at what you could do. And whether you have $500 a month or $5 a month, compounding over that period of time is going to happen. And every small step is a step in the right direction. Because today, Bec, you might have five bucks that you can invest every month. How good is it that you have created this habit to invest every single month? You've started this habit that can grow from there. And maybe in the future, you'll have $10 a month. And maybe in the future, you'll have $50 a month. And I promise little things and little steps in the right direction are still steps that are absolutely

worth taking. Because if you're waiting for that $500 to pop up in your account that you can spare, I promise it's not just going to come from nowhere. Like your boss doesn't just walk into your office one day and go, Beck, so I've been thinking I'm going to give you a raise that is another $500 in your pocket each and every fortnight. Like it's just, yeah, I wouldn't hate it, but it's just not going to happen. Like no one's going to come in with a magic wand and go, okay, cool. Now, Beck, all of a sudden you have that $500 free in your budget. But what can happen is we get into a groove of investing five bucks a month and then going, wow, like, you know, I did have a pay rise. Maybe I could allocate some of my pay rise towards that because sometimes we

can't change our lifestyles, especially if someone is on a lower income. You can't actually go, oh, well, I would love to invest that amount. We would all love to invest that amount. But if let's say, for example, you're a single mom of two young kids and you have an income of $65,000. The idea that if you have two young kids, you could invest is absolutely wild to me on that income. Unfortunately, in that circumstance, paying for daycare, paying for formula, paying for all of the things that are baby related is going to be the priority. And I think that that's where we need to embrace this idea of seasons of life where, yes, you know what? That doesn't mean it's useless for you to learn about investing. What you should do is learn about it and acknowledge

that right now, this season of your life that you're going through is actually just a season where it's not possible. But you know what? You're going to get out of that season and then you're going to have the skills and the knowledge and the information that you need to take that next step to put yourself in the best possible position because you've already learned about it. It's kind of like doing a uni degree and then getting the full-time job later, like you are equipped, my friend. So I think it's super important that we don't just assume, oh, Bec, wait until you actually have enough money to invest. Because it's 2023, like, and I'm not plugging shares here because like, you know, I love shares. I do. But I'm plugging

them because even that platform, like they openly say you can invest with as literal as $1. Like how much more accessible can we get? No longer are we looking, you know, 10 years ago, minimum investments on platforms were $500 and that was unobtainable. And so I think that there's this ongoing mentality in the investment world or in especially women's minds that I can't invest because like it's really expensive to get started because we've been fed this idea that it is expensive to get started because that's what it used to be. But it's not anymore. And it's changed. And even if you can only afford a dollar a month, how great is it that you are teaching yourself to invest, putting future you in the best possible position? Because even if it ends up being $50

in an investment account, it's 50 bucks you didn't have before, isn't it, Bec? That's so true. That's a really good takeaway, I think. Just start with what you have. Exactly. Don't stretch yourself. Because a lot of money to one person might not be a lot to somebody else, but I don't think that should jade your opinion of yourself or your own financial circumstances. And just because, you know, Beck says 30 bucks is a lot of money. Don't feel bad if you thought five bucks was a lot of money. Like that's not something that is helpful or constructive to you. And that's a layer

of judgment that you don't deserve. And the one person that shouldn't be judging ourselves is ourselves. So I think that's probably a good place to leave it. What do you reckon, Beck? I absolutely love that. I think it's a really good takeaway. I'm going to go away now and invest 50 cents to the dollar. I love it. I love it. All right. Don't know if that makes sense, but let's do it. You know what? We're going to take it and we're just going to run with it. Let's run with it. Let's go get a coffee. All right. Guys, we would love it if you joined our Facebook group where our community shares money,

tips and tricks every single day, free of judgment. Search She's On The Money on Facebook and join us. If Facebook's not your thing, we're on Instagram and She's On The Money AUS. And we're Also on TikTok, producing content every single day at She's On The Money. And as always, don't forget to rate, review and subscribe to let Bec know that she's doing an epic new job as an epic new co-host. Please let me know. I need all the support I can get right now. Please pat me and tell me I'm pretty. All right. See you on Friday, guys.

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