The Edge Breakfast - ONLYFANS EXCLUSIVE - Sim from Girls That Invest!

Episode Date: May 29, 2025

This is a podcast from Rover. Welcome to the podcast that should have been cancelled before it even started. This is Clint, Meg and Dan's OnlyFans. Podcast that is. We have some women who are, who's podcast, Girls That Invest has amassed over 10 million downloads. That is correct. It's become the world's number one investing podcast for women. Is it number one?

I think so. Yes, correct. With, I think, listeners in over 150 countries. You've been featured in Vogue, TED Talks, UES, Business Insider, Oxford Women in Business, New Zealander of the Year? Young New Zealander. Young New Zealander of the Year, and also Forbes 30 Under 30. Anything else I've missed?

Go on. No, I think that. Anything else I've missed? Go on. No, I think that's not me. I definitely miss something. So there's young New Zealander of the year and then there's just New Zealander of the year. Older. Old New Zealander of the year. Best selling book. Sorry, best selling book as well. Yes, okay.

Well, the really cool thing as well, we didn't get the full story because we were like, ah, wait, wait, wait, let us turn the mics on. During your Forbes 30 under 30, which you thought was a scam initially, you ended up meeting your now-fiance. Yes, I met a guy, well there were two other Kiwis on the list that year. One of them was Stephen Adams. And one of them was a really nice guy in finance who... Wow, is that his name? Damn it, so you're quite a mouthful. If your name was a really nice guy in finance, you'll get lots of DMs.

You're not going to finance? For someone who's into finance, you might have picked the wrong guy because Stephen Adams is worth a shitload. I don't know, you know, with Stephen Adams, I have a business that's kind of through social media. Like we both would have not had jobs in like 10 years time. True. You need a stable partner. Okay, so you like, do you do photo shoots together or like the same day?

How do you actually meet him? We met through, oh this is not a good story, we were on the list, so I saw the list and they searched him up on LinkedIn. Yeah, as you do. As you do, because you know, you want to know like who is this guy? Yeah. He, we have never seen him before and I left a comment on one of his LinkedIn posts and he messaged me to have coffee through LinkedIn and-

I've never heard of people having relationships via LinkedIn. Is that the new thing to do? Using LinkedIn, right? Really? People like use LinkedIn for like hookups. I think I've heard, like you run clubs, you know, that kind of thing through the running apps.

Maybe that's the next one. Because LinkedIn, it's like if you want a doctor, you just search doctors on LinkedIn. I mean, where you go? Doctors on LinkedIn? Well, we've obviously never used LinkedIn. But in LinkedIn, you can't just go on LinkedIn, do you? So how works it will say if they're a lawyer or a doctor,

are they working fine, like in your LinkedIn page, right? So if you're looking to date someone who works in a certain industry and you don't really care what they look like, I suppose LinkedIn's probably the place. I didn't know you could flirt through LinkedIn, that's great, you went for coffee and? We went for coffee, became friends for like a year or two and then I was like- A year or two?

He wouldn't take the hint, he wouldn't take the hint. So you were in theory friends-owned? Yes, well work-zoned I guess. Cause you get on LinkedIn. Can we take this conversation over to Bombal? Yeah. And then what's the difference between, how does it happen between, I really want to talk about your work and everything, but first, how did you go from work, you know, friends, work people, too romantic? I think it's kind of like an investment strategy. Like you have to figure out, like you have to hone in into like what your target is.

You have to kind of like set the stage up to, you know, how many times, you know, the more you run into someone, the more they have a chance to get to know you, right? So keep turning up to, you know, finance conferences, keep turning up to this. You're amazing. Are you a Taylor Swift fan? A little bit, yeah. There's this song called Mastermind that's exactly about you, which is about basically planning that they eventually fall in love with you.

Yeah, yeah. And secured the deal, got the return on investment. I love that! And you relate it to the investment. And your investment over the years paid off. Yeah, yeah, yeah. Well, we got engaged, so it took. And speaking of investments, let's get into that, because that is why you're here.

Yeah, yes. Because it invests. Oh, incredible. Can you make us all rich right now? Yeah, what's like a little nugget? Oh, I like to think of investing as like a bucket where you've got, everyone's got like an investment bucket or a bucket filled with money and everyone has a leaky bucket like you cannot avoid spending money so I always try to say like if you are the kind of

person that's like I just want to like save everything and I don't want to spend any money I want to get rid of all the leaks or the holes in my bucket it's just not realistic like we are gonna spend things we have to. holes in my bucket. It's just not realistic. Like we are gonna spend things, we have to. Sound like my wife. Yeah, yeah, yeah. I had to, I saved $50 on this. Yeah, yeah, yeah. And the question kind of becomes less about

like the $3 decisions, like it's not even $3 anymore for a coffee, like $5 decisions. And it becomes more like the $5,000 decisions. What can we do to add more water into the bucket? And that's where investing and you know, our salary comes in. So I like to focus on that. Rather than trying to plug the holes with these tiny little savings,

how do we put more water in? So even though it's still going to come out, water is going in faster than it's coming out. Exactly. Because you can't like, you know, save all of it. You've got to you've got to enjoy a little bit of life. And what what got you into investing? Because there'll be people listening now going and not to be horrible, but why listen to you? Like what have you done and where did your journey start, I guess? I like to explain my journey as someone that

has come from a very similar background to most people. I didn't grow up learning about investing at home. I had parents that were very like save, save, save. And so I grew up becoming an optometrist, which is a very traditional career path to take if you have an Indian family like I do. And they kind of taught me this idea that if you work hard, go to university, and start working that you will have everything you want.

And so when I started doing that path, I was like, wait a minute, even as an optometrist, I don't think I can buy a house. Even like working really hard, I don't think I can just like, it's not the same playbook. You're not feeling as comfortable as you would think you would be with putting all the effort and working. Exactly. And so like, you know, compared to my parents' generation, where they were buying houses for like $300,000

in the early 2000s, that just wasn't our reality. It's not the same, it's really not. And so that was what sparked my interest, and so I ended up starting the podcast, Girls That Invest, and being like, hey, look, this is my journey, I have started here, and I'm going to learn how to invest and I'm gonna change my financial future.

And from the start of the podcast, I would do like monthly updates. Like my net worth is now $8,000 and I'm doing this and investing here. And I did like a low buy year where I spent nothing and all my friends made fun of me for it. And to this day, they will be like, Sim, you used to come to Duck Island with us

and would ask you if you wanted ice cream and you'd just say no and you'd just watch us eat ice cream. Yeah, so you've got to make those decisions, right? When did you stop posting your net worth? I think you still do it, don't you? I still do. So what's your net worth then? So what's your net worth then?

You'll have to look at girls that invest. Oh, okay. But what I find really refreshing about following Sim is that Sim is very open about money, which feels like a taboo subject when it comes to what you spend, what you've spent that week, what you've earned that week and everything. And I think that's something that we kind of taught we never do. We shouldn't do. I'm going to have to do a bit of a deep dive.

I want to find out. I'm just going to find out. You lost both of them. Net worth. But you can never trust these, can you? You can never trust them. This one's saying over a million. But you can never trust, can you?

No denial from Sim. So going back to the bucket analogy, what is the first thing, maybe even the second thing, that everyone listening right now can do to start putting more water in their bucket? The best place to start is your own job that you are working at. I once had a listener come up to me and she was like I am so sick of my job I feel like I'm not getting anywhere I'm really stagnant and I just want to like quit and start my own business and like she was like I just want to like start dropshipping or

something and I was like okay let's let's like take a step back let's slow down like the answer to the solution isn't start a business. I think online we see a lot of people say, you need to start a business if you wanna make real wealth. Side money and yeah. Side hustles and I think that can work for some people if they have a lot of free time, especially teenagers or people in university,

you have time, you can do that. For the average person, we are working, we might have kids, we might have partners, like older parents that we're taking care of, there's other responsibilities. And so the best way to make more money isn't necessarily trying to learn a new skill in a completely different field and start a business,

like 90% of businesses don't last within the first three years. It's actually seeing within your role, within your job, within your company, having a conversation with your boss and saying, what do I need to do in the next six months for you to bump up my salary by 5,000, 10,000? They should be able to give you actual tasks.

And if you achieve that and get that, that's much easier making that $10,000 and trying to find $10,000 to save in your life. It's funny how, because I'm actually in contract negotiations at at the moment and it's funny how much it can be a struggle I found myself I want to slap myself after I left the room where I They kind of let me have the floor and say why should you get and pay rise? Why was you and I found myself stumbling mumbling like laughing? I was looking at the ceiling, like not being able to just like talk about the things that I bring or can bring. And even now I'm like

fumbling because I don't know if it's a me thing or inherently a bit of a woman thing sometimes when it comes to backing your talent or backing the fact that you deserve more money because it feels like it's icky. It really feels like that and even in my own journey, I remember before I started my first job, I was like, I'm going to negotiate, I know I need to negotiate, I know I need to figure this out. And I was on the phone with my first employer, they're like, hey, congrats, you got the job. I was so excited and they were like, and your your pay is gonna be $75,000. That's fine right? And I just was I was like oh yeah yeah that's fine it sounds good like I'm grateful

and I just hung up the phone and I was like wow I spent all this time preparing to like have a conversation and I know that I need to negotiate so even when you know what you should be doing it doesn't necessarily translate into like real life and I didn to negotiate. So even when you know what you should be doing, it doesn't necessarily translate into real life. And I didn't negotiate. I was like, thank you so much, okay, bye. And that's how I was with that. They always come in with the lowest ball off it, don't they?

Because they leave wiggle room for you to negotiate. And maybe in that moment, I guess in hindsight, is maybe the better thing to do, saying, hey, well, that's actually an important discussion that I would like to have outsiders, this phone call. So give me some time to think, hey, well, that's actually an important discussion that I would like to have outside of this phone call. So give me some time to think about it and I'll come back to you with what I, although it's hard because there's that power imbalance

that you want the job, that I've given it to. You don't wanna push it too much because then you're like somebody else always wanted or have it or. Exactly, and so I think the right answer to this is like having a pre-planned sentence that you're gonna say because in the moment you just freak out. And I wish I had at that time and now my team say to me like when they do salary negotiations,

my staff will be like, okay, thank you so much for this offer. I'm going to take some time away to have a think about this and can we book in a time to chat more. And that's the right thing because they know that I'm gonna have some wiggle room and they're gonna have some wiggle room. Now that's an interesting conversation because your employees should be negotiating with you if they are doing well in their job

because they're learning from you and your job is to teach people how to negotiate. Oh, absolutely. How funny little thing for you to... One of them listened to an episode that I had done many years ago on salary negotiation. That's smart. And she used the tips. She was like, you know, while in this role I do XYZ and that brings in this much revenue,

so I'm making you money and therefore you should pay me. And I'm like, damn, where'd you learn this? She was like, I listened to your episode. You would have had to give her a pay rise. Oh, absolutely. They're incredible. They're great. So what is the biggest mistake most people will make in a negotiation?

The biggest mistake we make in a negotiation is we think that if we ask for more, we appear unappreciative, and we think that we are rocking the boat. The truth is, the person on the other side wants you. They've looked through hundreds of CVs, and some of those CVs out there are horrific. They're like, yes, we love working with you.

It is expensive for them to lose you and to have a new person come in. And so in their minds, they want you and they want you at a price that is fair for both of you. They're not looking to like, I don't think many employees are looking to screw over their employees. I mean, fingers crossed. Maybe that's like my optimism. My youthful optimism. And so you've got to understand that no one has ever said, hey, how much do you want?

And you've said, you know, $20,000 more. And they said, actually, that is way too much. I'm offended. Goodbye. No one slams the door on you first. No, you're right. And I really liked the example that one of the early employees at Facebook gave. Her name was Sheryl Sandberg. And she said that in her journey, when

she sat across from Mark Zuckerberg, she was like, Mark, this is going to be the only time that we are sitting opposite each other. And we're going to be on different teams right now. I'm going to be advocating for my salary. You're going to be advocating for the company. And I need you to know that me being a really good advocate and negotiator will only happen against you this once.

After that, I'm going to be using these skills for the benefit of the company. Now let's do the negotiation. Ooh, that is good. That is a good one. So good. Meg was just using that one the other day. I'm just thinking, I would have to memorize it because I'd be like, you're here and I'm here and you're facing it and we're facing it.

Meg's like a school spirit. She's pulling out a cucumber. You're there on the table. I'm on the table. We're both at a table. We're both at a table. I see you, you see me. And the problem is with media, we do it on a contract basis. People there on the table, I'm on the table. We're both at a table. I see you, you see me.

The problem is with media, we do it on a contract basis. So you would be meeting them again in about two years. That's true, that's true. Asking for more money again. So we've talked about those people that are obviously wanting to get more money so they have more money to then spend and also more money to save. What if those people have now found themselves in that position, they have a little bit of disposable income, what's the best thing that they can do with that to give them

a bit of financial freedom in the future? Even if it's a small bit, right? Yeah. One of the, I had someone say to me the other day, she was like, should I be paying off my mortgage or should I be investing? Like I have a little bit more money. Sure, like getting rid of debt.

That's a good question. Or trying to grow what you have. What do you guys think? Well I've always heard the saying if you've got debt then you've got no savings because there's that saying but I guess debt, there's different types of debt. There's different types of debt and people look at debt as always bad and there are really good forms of debt that you can be in and leverage from and make money from. Yeah I would I would say putting the money on the house personally because I've always heard that that's how quickly you can pay your

house off much quicker if you put extra payments on top. What's the right answer? I guess, there's no right answer. What do you think? The way that I like to think about it is debt has an interest rate to it and some debt is much easier to manage. Like in New Zealand, student loans, if you live in New Zealand, has a 0% interest rate. So you do not owe more money if you do not pay it off faster. So that's really good, compared to America or even some places in Australia, they have interest rates. Australia actually has inflation-ingested interest rate

on their student loans. So if inflation is like 7%, their student loans go up 7%, which is nasty. Wow. So we're really lucky in that way. So in that sense, that's a good debt. You don't really need to be paying that one off. And then you have high interest debt, anything over 7%. So like a car loan will have a…

Credit card, is that? I don't know. Yeah, absolutely. Yeah, around that, yeah. So like a car loan will have a credit card. Is that I don't know? Credit card loans Buy now pay later loans these kind of debt pieces that are more than 7% of an interest rate That is what you want to pay off first and the reason 7 is like that special number is because if you had like a dollar and you put that dollar to paying off an a dollar and you put that dollar to paying off an interest of 10% on a debt that you have, that one dollar is going to pay down a lot more than if you put that dollar into the share market because the share market on average only returns 7%.

Yeah, I see what you mean. If you've got money in the share market and you've also got debt, you're losing money still because there's more. Exactly. So if you've got a dollar, if it goes into the share market, it goes up 7%, that's cool. If you've got a dollar, but you have a debt that's at 10%, you're paying down that 10%. So it's better to put that money down. So then it depends on your mortgage interest rate. So the average in New Zealand I think is between at the moment 4.99 or like 5 to 7. Exactly. And so for those really unlucky people who have,

you know, some people have like a 7% or 6.89% mortgage, it makes a lot more sense to pay that down because you're only gonna get a 7% return on the market. Whereas if you're a little bit luckier, you are refinancing right now, you're getting down to 4.9, 4.8 in some places, then maybe you don't have to pay down your mortgage, you can invest. And then on top of that, because it's never that simple, there is that emotional burden

and some people just want to pay off the debt. Even if mathematically you make more money investing, that's just not on everyone's agenda. And for them, they just wanna pay that debt down first. And so that was what my parents did. They did not invest. They just paid down their debt, got mortgage free. And that was the best outcome for them

because eventually one of my parents got really unwell, couldn't work, but since the mortgage was paid, they were in a much better place. What would your advice be to someone that's listening to this right now and they're going shit I work my ass off I'm working nine to five I'm earning 70k or 60k a year I'm struggling to make ends meet even with my mortgage or rent payments but I'd love to invest like what would be your advice to them like Yeah someone who's on 60k let's take that as a 60k

Someone who's on 60k they're's take that as a 60k. Yeah, someone that's on 60k, they're working nine to five, they're doing rent. In their opinion, probably don't have the money to invest. Like, what would you say to them? I first acknowledge that that is such a hard place to be right now. Like in New Zealand, it is so unfair that you can be working a full time job, you're probably working overtime, you're not finishing at five o'clock, you come home and you like, you get your pay and like your rent, like if you rent in Auckland, what is it like $700 for some places, $800 if you're trying to live in a slightly nicer area.

Yeah, at least. At least on a family home. Butter is now $10. Yeah, but it's $10 to $ bucks now. And all these things add up. And so I just want to acknowledge that we do live in a certain time that is just so aggressively unfair, like you do all the right things, you go to university, you get the job, you work hard, and we're just not set up anymore, I think, for what our parents got to experience. And so what you need to do to get ahead is to figure out well the money that I do have left over How do I make that work harder for me because just working my nine-to-five and saving is no longer leading to

Why I experienced as you know like the dream life and I am glad that we have these apps now like shares ease like hatch Like invest now where you don't have to invest like Sharesies, like Hatch, like Invest Now, where you don't have to invest thousands anymore. Like maybe even 10 years ago, if you wanted to invest, you would have to have like a minimum investment spend. And that might look like $1,000, $10,000. And who has that money like laying around? And if you had that, you wouldn't be going, oh, let me just invest that. You'd probably be like paying things off. And so the idea behind these apps is you can put in $10 every single month or every single week, and you're now invested in the same things

that other people that had a lot more money can invest in. So you have access, the barrier to entry is a lot lower, and it doesn't seem like a lot, but every single year that you're investing, that money starts to compound, And so it starts to grow. So that first 10,000, first 100,000 invested is probably the hardest. And then the investments start making more money over time.

Not quickly, you're not retiring in the next five years and driving a Lambo, but you're a lot more better off than where you started. I think it's really interesting as well how a lot of people see ways to make money as like maybe like level one. There's like four different ways, right? And then there are other people operating on level two.

You might be like level 10. Like there's, and what I mean by that is maybe like level one is I have no disposable income to invest. Level two might be I got an email from Contact Energy who we already do our power and stuff with, saying, hey, we will take over your broadband and we'll give you $400 credit,

$100 off your bill each month for four months. All of a sudden, if I just swap and I don't have to do anything, they just contact my provider and say, we're taking over the contract, I keep my modem, everything's all sweet. Now, I've just saved or found $400 that I could either just not pay for each month,

or I still take the money that I was going to pay that they've now credited my account and put it in Sheersies. So it's like- So what was that company again for? You can't, so it's like sometimes even just jumping providers, whether it's a telecommunication or an internet, it allows you to have money spare that you

can now use to invest. Whereas I think a lot of people look at it like, I have to go to work and make that money to have money. But there's so many other ways you can generate wealth and income if you understand the system and you understand maybe even tax rebates and how to claim against certain things. And those people are operating on that level. It's like this how the rich keep making, keep getting richer. You do feel like those people with those mindsets are the, you know,

because I don't have one of those mindsets and I, I sort of know what you're saying Clint, because I'm like, well, that's annoying because I, the tax rebate people, rich getting richer, because I'm like, I don't know how to do that. How can we never got taught that at school? Like it's, it's so frustrating. But I guess they all started at the same place you did.

I know, they had to start somewhere. I know, but they haven't quite got my brain. Which is- Like if you told them to start in radio, they wouldn't be able to do it. They wouldn't be able to do it because you've been doing it for so long. I still can't really. You can't really, you know.

Isn't even like the whole spend money to make money where you could spend money, you get an accountant and go, could you just look at my finances? And then after they've gone through them all, they might go, all right, well here's your bill for a thousand dollars for your accountant but I've just gone and saved you two and a half grand so what do you think about accountants I love accountants I my accountant is coming to my wedding like

I am so I think I completely agree you know the way I grew up I did not understand a lot of these concepts. And I had rich family friends that were really good with money. And they would come, they would say things to us like, oh, we're selling our car because the, is that what it's called, an odometer? Speedometer. Speedometer.

Is less than 100K. And once it hits 100K, the value of the car drops off. So we're gonna sell it before it hits that. And I was like, how do you know these things? Like we- Yeah, right. You know, and so much of it, I realized over time was the more financially literate you are,

the more you give time for yourself to become educated, the better off you get. I wish it was something that was taught like to everyone and at schools, and that's a lot of like what we do behind the scenes. But yet I think the more financial literacy you have the more you realize all these tools and tricks and ways to improve your money. Well if only there was a really smart woman who had a master class that people could go to and get tickets to and win all these things.

Or a book or a podcast. Or a free podcast or a book so many different platforms. I just can't think of someone. Maybe YouTube. YouTube is a thing. You are here to do your master class. So how successful is that, and how do you get the feedback of people walking away that it's changed their lives? I think the master class is a really great place

for someone that has gone, okay, I've tried learning how to invest myself. I just need a roadmap of start here, do this, do this, do this, and by the end, I just feel like a roadmap of like, start here, do this, do this, do this. And by the end, I just feel really confident. We find that people can know everything about investing and yet they feel like there's something missing. They're like, oh, there's got to be something else.

Like, surely it's not this simple. And so just having a roadmap of being like, okay, if I have done all these things, it doesn't seem as difficult. And it's kind of nice also understanding the history behind investing and understanding what these different terms mean. Honestly, I don't even know how investing makes you money more than a bank does. I know it does, but yeah, I don't know. Can I try to explain it in like two minutes or less?

How does investing make money? Yeah, so why am I making more money investing? I actually don't even know what investing is, if I'm being honest. Well, let's use an example. If you give your money to the bank, and you give them like a thousand dollars, and they give you an interest rate back, you know. So why do they do that? They give you money because you give them money? Is that... Because they're lending it out. Yeah. Like if I want to get my house, they might be giving your money to me. It makes the lending power stronger. Right, so the money's just shared around makes the leaning power stronger. Oh, so right, so the money's just sheared around in a way. Yeah.

Okay. Oh, so they need money to give money. Yeah. Right. Okay. So you give them money and they're like, thank you so much. Here is like a 2% on your thousand dollars that you've given. And you think like, that's awesome.

I get 2% free. The way that the bank gets to give you money is they take that money to make more money and that is through lending it out at a higher interest rate and they also invest that money. So they invest it. Yeah. No they don't. So like if I go and get a loan for a house they might be charging me 7%.

They're only giving you two Meg. So where's the other 5% going in the bank's pocket? Okay. Yes. So what's investing then? And so investing is saying, okay, I want to give my money to a company. Wow. It's going in the bank's pocket. Okay. Yes. So what's investing then? And so investing is saying, okay, I want to give my money to a company. Okay.

And the company has lots of different shares. Like if we talked about the Edge, if the Edge was a company that you could buy shares of, let's say the Edge needed- I wouldn't, but yeah. Oh God, definitely don't. Oh my God, don't do that. That's a bit shaky. Well, let's say the Edge wanted to expand to America.

And they were like, OK, to do that, we have to buy the, I don't know, the FM station or whatever over there. And we have to set up shop. And that's going to cost us $10 million. And the Edge could go and get $10 million from a bank. But then they have a big bank loan to pay back with maybe a 5%, 6%, 7% interest rate, that's kind of annoying.

So the edge might say, well, let's take our company. It's like just one company, one person owns it, let's say, in this situation. Let's break it up into 100 pieces, and every piece is worth $1,000. And let's sell 40% of them. And so now they've issued shares, people buy them, they make all this cash from the selling of the shares and they don't owe that money to anyone because they've given shares out. So you pay money to me, I give you a share of the edge, just a little certificate, and now as the edge I have cash to go build out that US brand.

Do I get any say in the edge anymore though? I don't get to say anything that the Edge does though, right? Well, because you own shares, you do. But the more shares you own, the more say you have. Wow. So the owners of the company will have shares that one share might be worth a thousand votes and your share might be worth one vote. So when you own a share of a company like Google, they actually let shareholders vote on things.

Really? Oh, well, that's cool, I didn't know that. And so you actually get to have a say, and that's why I always like, I mean, and this is probably a different topic for another day, but you know, money is power. The more you have shares of something, the more you can actually say,

well, this is what I believe in, this is what we should do. And then if the edge goes and becomes hugely successful in the States, then all of a sudden your investment, let's say the company's worth 10 million, but then in a year the edge is now worth 20 million in the States. Well you've just doubled. And I've got, that's how I get more money. You've doubled your money, whereas in the bank your thousand dollars was getting 2%, you've just gone and turned your thousand dollars into two thousand dollars.

And provided the edge is successful. So that's why you've you gotta be careful on the shares that you probably decide to invest with. Like Apple and Tesla and all these big companies, some of them are high risk and some of them are low risk. And the higher the risk, the more chance you've got of making a lot more money, but you've also got a chance of the ass

falling out of it as well. Yeah, cause I've heard all the stories about, like I've got a family member who invested, and even many years ago invested He won lotto, invested it all, lost it all So like I have that in my head. It's like it's always been a story that's been passed around the family So it just scares me. Well on that then if you're investing in say Tesla as a high-risk share, if one shares these there's like a one to seven and there are seven

How worried should we be about investing in a seven high risk company? Oh, that's a good question. I would say if you want to start investing, you need to figure out what your risk tolerance is. And investing risk tolerance is going to be different for different people. So on the very lower end of the spectrum, maybe the one out of seven, that's someone that goes, I don't want to invest at all. I just want my money in the bank, I can see it, and that's easy. And then you kind of move across the scale and you'll have people that go, I don't mind investing a little bit, but I want it to be lower risk.

So I'll put my money in things like bonds, where maybe I'm getting three, four percent, I'm giving my money and I'm getting the returns on that. And then you kind of scale up and then you start investing in funds. And this is where most people start. A fund is like a basket filled of lots of different companies. So probably the world's most famous and well-known basket is the S&P 500. So that is a basket filled with the top 500 companies in America. The top 500 publicly traded companies from one to 500. And so you've

got some of those big ones. That feels very safe. Apple and Amazon and Google and all those things. And then you've got some sort of smaller medium size. I mean, American medium is still like, you know, billions of dollars. And, you know, so that's where a lot of people begin. And then you go up the risk scale and you go, well, I want to invest in growth stocks. And those are things like Tesla and anything that, Nvidia is probably a good example as well,

which is like an AI stock. And so if you have- Oh, what's the AI one? Nvidia, N-V-I-D-I-A. Oh yes, I got shares in that. It was doing unbelievably well in the last year. I didn't really even know what it was, but you can obviously just search It's doing unbelievably well in the last year. I didn't really even know what it was, but you can obviously just search most popular shares

and all the rest of it. So they do the chips that AI, so all the AI platforms including like chat gbt, they need like power and servers and chips. And so Nvidia is like the biggest distributor of chips. Oh wow. So yeah, that'd be doing great. Yeah I wonder what they did but I was just like holy, my stocks up 70% or something, wow. And so it would be, it would take a very like specific kind of person to say hey I want all my money in like Tesla and Nvidia and these growth shares, they might do really well, they might make like an 80% return this year,

but they might also make like a minus 80% return this year. So that's hard. Then this is my understanding, correct me if it's wrong, is that if you're wanting to do short-term investment, like over the next like three months or six months. You do the high-risk? Well, no, then I was going to say those ones that are more volatile, in three months time, my money could be worth half of what it is now.

But if I'm prepared to ride out this investment thing for 10, 20 years, then I'm better to put it in a high risk fund because even though I'm gonna have huge highs and huge lows, traditionally over the course of 10 years, I'm always gonna, well not always, but I have a much better chance of winning. I completely agree. I mean, you can't say that past performance

is gonna guarantee future returns. However, when we look at the performance winning. I completely agree. I mean, you can't say that past performance is going to guarantee future returns. However, when we look at the performance of something like the S&P 500 over the last 40 years, because it's been around for probably longer, actually, you kind of see the graph and it kind of starts to go up and then there's a bit of a dip and that's like, you know, the 2000 dot com bubble, and then it goes up and then it dips again, like the GFC, and then it goes up and then it dips again, like COVID. And then now with tariffs. And so you overall see like the long term trajectory is upwards

if you are investing for 10 or 20 years. But if you invested in 2007 and you needed that money in two years and it was 2009 you would have lost a lot of it. So it's how long are you investing and what are you investing that determines if you're going to lose out and how much. The other great flag as well maybe for people that are very new to investing me is that if all of a sudden your investments down 10% and you start freaking out like oh my god I've just lost $100 out of my thousand. You actually

haven't lost anything until you withdraw all that money. Because while it's still in there, it can go up and down. But it's like if you pull it out at 10% then yes you just lost 10%. But like someone was just saying like next week or next month all of a sudden it could be up 10%. That's like KiwiSaver in a way isn't it? Like your KiwiSaver sometimes that's dropped out the arse and other times it's up. Anyone probably freaked down I remember the bank sending emails, but like don't stress,

like this is just the market because probably some, a lot of people didn't understand what was going on, were freaking out that their money was disappearing. Oh, I still remember it was like March 13, 2020, this is how much of a nerd I am with these things, I like remember the dates. I went to work, because I was still in optometrist back then, and I went into work, and I was like, I'm so happy, the market is dates. I went to work because I was still in optometrist back then and I went into work and I was like, I'm so happy the market is down. I've just bought more shares. Like they're on sale. March 13th, oh 2020. Yeah, it's about to. It was not a good day for the world. For my shares, however, it was fantastic. Like I bought more shares. I put more money into it because I thought, oh, the shares that I love, they are much cheaper.

And I remember going to work and all my colleagues were like freaking out. I mean, these are very intelligent people. They're optometry, you know, they've studied very hard. They've been in the industry for so long and they were like, oh my God, we have to like pull our KiwiSaver from like a growth fund to a like balanced or conservative fund. And it just hit me. I think that's actually really when Girls at NBF started. I was like, oh, this should be common sense.

You should not be pulling your KiwiSaver out from a growth fund to a balanced fund when the KiwiSaver is down, because then you've just solidified your losses. Yes, exactly. Can I try and put it in a way that I think Meg, you would understand? Like really, really well. I love the ember, it's just trying to you through it.

No, no. It's like two experts and two dummies. I feel like. I'm also learning a lot from you as well, Sim, and I've tried to... I'm still learning, I don't think anyone's an expert. I'm trying to, and sometimes you go down a path thinking you're doing the right thing,

and then sometimes you all hear a conversation, I'm like, oh, actually, you've made me reconsider that. It would be like, correct me if this again is wrong You buy a shirt Meg for $100 and you take it home and then you decide you don't like it Okay, so you go and take it back and they decide and they've got it on sale at the moment for 30 bucks Yeah, and so instead of giving you your hundred they go. Sorry that shit's only worth $30 now I would say that's not right. I bought it for a hundred But yeah, but you either take, you either give it back and

now you've just lost 70 bucks or you go, no thanks. I'll hang on to the shirt. And then you go back next month and all of a sudden that shirt's not on sale anymore because it's hugely popular. And now they're selling it for two hundred dollars. It's the last time you shopped at Glaston's. Yeah. And to Simms point as well, it's like you could actually

go to that store and buy that same top for thirty dollars 10 times. And then even though stores don't do this, next week when the sale's over, you go back and return them all for the full retail price of 100 bucks. So when like somebody's saying when the stock is low, you're getting a deal

because you're buying it at such a steal provided you're willing to ride out this rocky time, which to your point, you don't know how long that's necessarily gonna be when COVID hit, who knew how long that was going to last? I'm gonna steal this shirt analogy, that was so good. That was really good. I totally agree.

Like I like to use the example of like, when your shares are lower, it's kind of like buying skincare on sale. Like you look at like a Nivea skincare and if it's down 20% it's still worth what it's worth, you've just gotten it for cheaper. But clothing is the exact same example. You just, the value of it drops but the amount of... I've got something to spark to my brain. I've got an analogy. Okay cool. Okay. So you know when you buy a bottle of water?

Mm-hmm. Yeah. And I can buy a bottle of water from the vending machine here for $2, but if I go to the airport, it will be $4 because it's the airport. Wait, no, I've lost it. You know in different places it's the same product, but it cost it. I've lost it. Okay, there was something there.

Sorry, Sim. I've just gone, I just thought I had something there. Oh, maybe another. But like, it's all the same product. It's all the same. If I give you like, a bag, we're gonna get hair. We're gonna get hair. I'm not leaving until we get this.

Shame, looking at Meg right now is so funny. I really thought I had a really good one. I've never seen Dan look more embarrassed to be your friend than you. I'm not embarrassed, I was trying, I really was trying to understand. You know, but you know it's the same water everywhere, but the value is different where you go. But there's the thing, I think you're buying different brands now aren't you?

Kind of like what someone's saying, for the water analogy it would be like, everywhere the water is $4, and then you got to the airport and you're about to fly and you're like, oh shit, they've got water for $2. Yes. But the price is always fluctuating. They wouldn't at the airport, it would be higher. They've got water for two bucks. And because price, but the price is always fluctuating. The price is always fluctuating, but if me, you, Sim, Dan all bought it today, it would all be the same price,

regardless of what platform I bought shares on. If I'm buying shares in Apple on Shares Ease, and Sim's buying shares in Apple on Hatch, then it's all, Apple is posting the same price every day for everyone. But tomorrow, if you buy shares in Apple, you could be paying more or less because it always changes.

I think we've got lost in analogies as well. We've got lost in analogies. Buy low, sell high, that's the trick, isn't it? I'll give you one last one and then we'll move past it. But I think housing is always a really easy example to understand, like if you bought a house for a million dollars in Auckland, and then over the last two years,

the price of housing has gone down, and then if you go on homes.co.nz, and it shows your house is actually worth 900,000, you're like, oh my God, I lost 100,000. I'm kind of in this situation at the moment, yes, okay. And that's scary. Not million dollars, but yes. A million dollars for the sake of easy numbers.

And you go, oh my God, my house is worth 900K. And then the month after it drops more, and you're like, my house is worth 800K. But it doesn't mean you have lost 800K. It means that if you sold your house today, someone would buy it for 800K, and then you would have lost that money. But if you hold onto your house,

and maybe in the next five years it comes back up, then it's worth a million dollars again. So you never lost the money because the money's still tied up in the house. Unless you had to sell there and then and that's when the loss, okay, exactly. And that's where a lot of people get stitched up when they go, shit, now I'm having to service a mortgage,

which is a 7% and now it's gone up to a 9% or whatever. And then you have to sell the house and that's when you lose out. Interesting on the house stuff as well, you know we were talking about different ways you can make money outside of just doing nine to five. Something that my brother has always talked to me about is like how much money can be made

when you come off a fixed mortgage. Because you effectively now can shop around because your bank will just refix you at whatever rate. But there might, let's say if you're with ANZ and you go to Westpac, they might go, well we want your lending because they make money off your mortgage, you paying interest in your mortgage.

But Float Shins got a higher interest rate, right? Yeah, but once you come off your fixed term, you are now looking to refix. So your bank will probably just refix you at whatever their rate is. But you can actually shop around and then spending the time going to the other banks, going going I'm looking to refix again for another three years What's the best deal you can give me and they'll sometimes even give you a cash incentive to switch

So let's say they might give you three or four grand to make the switch Yeah, plus they might give you point two of a percent lower than what you're paying over three years If you've got a million dollar mortgage, that's a shitload of money that you have saved and therefore earned. Yeah, I have a mortgage broker that does all that shit for me. Yeah, and so I think sometimes we can just- Oh no, they're free by the way.

That was another thing I learned. Mortgage brokers are free, so you don't pay them. Cause they're hustling going around the banks trying to get you the best deal and the bank gives them money. So I guess, I think the thing that a lot of people don't realise, and I'm still finding these little pockets going, how many more are there that I don't know about,

where you can generate wealth outside of working nine to five and if you have a mortgage, then that's a really substantial way to save a lot of money over three years if you lock in a great mortgage rate with a different bank. Even though the admin of moving all your bank over to somewhere else and getting your boss to pay you into a different bank account seems like a punish, when you work out how much money you're saving for the amount of effort and time required, it's probably quite minimal.

Well, let's say it takes like three hours all up of doing that, but then you've saved like, you know, $8,000. Like, you know, that hourly rate's pretty good. Yeah, true. Think about it. That's a good way to look at it. We've taken out 45 minutes of Simms time, by the way. 45 minutes. And I said at the very start of this, it's not long enough.

We could talk to you forever. So, Sim, people that have listened to this have gone, she's intelligent, she puts in easy words for me. I, how can we fight? We've got your podcast yourself. You've got Girls Uninvest. You can go and listen to that. You can follow you on Instagram, Girls Uninvest as well, it's a great resource there. Your book is called...

Girls Invest. Girls Invest, they just mind it. Yes, keep it up. And is your masterclasses, are they sold out or can people go to them still where they're always coming out? We do them a couple times a year. I think if you are listening and you're going, okay, I really want to learn more, a really great place to start is our newsletter. So we do a free weekly newsletter.

We have over 100,000 readers every week now, which is incredible. And every week we just break down like in really simple terms, what's happened in the market last week, what to expect. It's actually one of your tabs on Insta. Is that fresh? Yes.

Or if you go to girls.invest.com, there'll be a newsletter option there. And it's a great way to just like, we use a lot of visuals because I like seeing things, I don't like reading. So you also get to see like, what are people saying about the market? Are investors worried right now? Are they a little bit greedy? How a sector is going?

How much should we pivot and change based on that information that we kind of read about versus, I mean, I listened to the diary of a CEO and he was talking to a guy and he goes, the best thing you can do if you're investing is lose your password. If you lose your password, you stop checking it. And if you just leave it, it'll do its thing. I believe that 100% fidelity, which is like a share these in America did a study and they looked at who was making the most returns, like what kind of person was returning the best and what they could learn from them, and they found the best returns came from people that had passed away and just stopped messing with their accounts. If you just leave your shares.

Wow, that's interesting. And so I like to keep up to date with what's happening in the world for opportunities, but I am not moving the things I've already invested in. So you go, oh my God, I don't have any money in this and I probably should because this could be really financially beneficial. But stop moving, stop fiddling. Yeah.

Stop moving the stuff that's already there. That is knee-jerk reactions and stuff, eh? Absolutely. Wow. Oh wow. Okay. You're amazing. Yeah, I hope we all benefit and get rich from some of the advice I guess it's just wanting to make life easier

and realizing that there are more ways to make a dollar than the traditional way that we get taught in school go to uni get a job work hard do your 40 hours and save as much as you can and put it under your mattress and I like that with you sir like you making you if get more money, that doesn't affect you. It's not like it's not like something that I'm taking away or I think it's really interesting that you're just like, I think everyone should be able to do this because it's not like it's going to take away from my pot. You know, like it doesn't people that investing doesn't take away from your income. Oh, absolutely. And I think the world is just like a much better place when you have enough money to not be stressed about it.

Like you're going to show up better at home, you're going to show up better with your friends. The feeling of worrying about the next dollar like that is a horrible feeling and for those of us that have been there like it's just you never want to experience it again. People say like money doesn't buy happiness. I disagree. I think it fixes so many problems if you have if you have like other problems money doesn't fix those. But you know it just even coming from like a health care background the patients we would see the amount of money they had impacted the kind of

options we could give them and we even in a free healthcare system, that's not okay. Yeah, well, Girls That Invest, Instagram, podcast, get the book, don't forget the name, Girls That Invest, and yeah, good luck with your financial journey, and thank you so much, Sim, for coming in. Hopefully this isn't the last time we have you in and you don't get in the car, but I can go, holy shit,

45 minutes, I'm gonna fucking hang it out with them again. I feel richer just talking to you. Thanks, Sam. Thanks for having me.