August 12, 2025 • 40 mins
You guys have been BEGGING for a pervy look at the SOTM team’s money stories… and we finally have a volunteer. Brooke is not just responsible for our courses and video content, she is one of the best investors we know. So trust us, you’re going to want to take notes.
From her very first investment to a 6-figure portfolio that’s on track to let her retire at 35 (!!), Brooke has built it all from the ground up with no family handouts or a finance degree. Just smart choices, consistency, and simple strategy. If you’ve ever wondered what it really takes to become a confident, consistent, and ridiculously effective investor, this is your behind-the-scenes pass.
Here’s what’s inside:
📈 How she built a $100k+ portfolio by 27
📈 The exact investment mix powering her early retirement goal
📈 The low-effort habit that keeps her wealth growing in the background
📈 The investing mistakes she’s made (and what she learned from them)
📈 The small tweaks that supercharged her returns
📈 Why starting tiny might be the smartest investing move you ever make
If you want to hear more investing content with Brooke let us know in the comments below!
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Acknowledgement of Country By Nartarsha 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.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name is Tatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t Glenn Young
Ganya Niana, Kaka yah Ya bin Ahaka Nian our gay
in Nimbina, yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Bumba
ban Gadabomba in and now in wakah Ghana on yak
rum Jar water Nadaa. Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank acknowledge and
respect the Abiginal people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:44):
She's on the Money. She's on the Money. Hello and
(01:08):
welcome to She's on the Money, the podcast that is
here to show you that investing isn't just for the rich,
It's for you too. I'm your host, Victoria Devine, and today,
as you can probably hear, we are doing something a
little bit different. You our incredible. She's on the Money.
Community are always sliding into our dms asking to get
pervy on the money diries of the She's on the
(01:30):
money team, and today I finally have a volunteer. Yay,
volunteer attribute save you same, but instead of the usual
money tea, We're going to dive into something even juicy.
We are going to do an investing diary because our
volunteer is not just I would say a very valued
member of our social media and courses team. She calls
(01:52):
herself the head of good course department.
Speaker 1 (01:54):
Yep.
Speaker 2 (01:55):
She also is a very experienced investor who's been building
her portfolio for years and has a lot of wisdom.
Is that what we're going to call it? Over sold?
So I always over sold? But Brook Green, welcome to
the show. Not the government name name, it's what was
on zero when I looked you up to CHECKO was
(02:16):
my name?
Speaker 1 (02:17):
Yeah?
Speaker 2 (02:17):
Yes, Brook Green, welcome to the shout. I'm very excited
to have you here. You have been on the show before,
so this season your first time. The last time you
were on our show was in New York. It was
indeed in New York. It was a sleepless, delirious time.
I don't even remember what we were speaking about.
Speaker 3 (02:37):
I remember exactly like it was yesterday. We're talking about
mcgriddle's things that were expensive in America and.
Speaker 2 (02:41):
The met griddle is now in austray it's now an
Australia and a pumpkin spice latte love laugh. So for
those in our community who might not have met you
through social media, can you tell us what do you
do at she's on the money and like, why do
you do it at she's on the money?
Speaker 3 (02:57):
Oh well, one time I posted TikTok saying and got
made redundant and you slid into my DMS and said
do you want a job?
Speaker 2 (03:02):
And I started working with was the opportunity of a lifetime,
I know, and I've been here for a while now.
Speaker 3 (03:07):
It's some old furniture. I do some of the socials.
There's two people in the socials team and are you
in Georgia yet? Me and Georgia my work wife.
Speaker 2 (03:16):
Sorry to my partner, but he knows, he's quite aware,
he's aware.
Speaker 3 (03:20):
But we do all of the content together. I do
mainly the video stuff and some blogs and stuff, and
then courses and all that jazz. Anytime you sign up
for a course. The process I've made and unfortunately if
it goes wrong, it's probably my fault.
Speaker 2 (03:33):
And if you see like a diabolical meme or now
the intern. Yeah, usually if we're blaming the intern, it's me,
it's usually Brook. So talk to me, actually, don't talk
to me. Let me do a little bit of a disclaimer,
because unfortunately this is not financial advice. We're not giving advice.
As much as lots of us want to be more
(03:54):
like Brook, you shouldn't be copying Brook. Well, past performance
is not a reliable pretty through a future performance. And
if we're going to talk about your investing journey, I
don't want them going, oh my god, you bought what
and when and where and then like because you can't
buy it when I bought it, exactly unless you've got
a time machine in which you like if you do,
you no, but like, also, you just copy Brook, you'd
(04:16):
be really rich. It probably won't be really rich because
I'm not, guys, I'm trying to sell this to the community. Yes, yes,
very much. I had to get a tribute on the show.
I'm here. Okay, thank you. So let's get into the
advice after we've done our disclaim of like not taking
her advice. So Brooke you've been investing for I would
say quite a while, Like, way before you join shees
(04:36):
on the money, could you give me a little bit
of background. How did you even get into investing and
what were you doing at the time.
Speaker 3 (04:43):
So I was working in mining because I'm from Perth,
so if you're a Perth girly, you probably understand that law.
But I was working in mining as a receptionist and
I was very excited because I'd say my first ten
thousand dollars and I was talking.
Speaker 2 (04:53):
About it with my work colleagues.
Speaker 3 (04:54):
I was going to buy a house because in my head,
ten thousand dollars was enough to get a house deposit. Wrong,
still don't own a house. But one of the accountants
was like, oh, well, you shouldn't buy a house. That's
going to be a waste of your money because you're
so young. Put the ten k in index funds and
call it today. You'll be well better off. And I
looked at him, like at Index water work. And then
I went home and I googled Index ones still had
no idea what any of it meant. And then I
(05:15):
decided to fall down the rabbit hole of Reddit read
everything there was to know about index ones and thought, oh,
that's really cool, but I'm not doing that because that's
really scary. And then I joined a million and one subreddits,
including the financial Independence retire Early subreddit and realizing people
were retiring at like forty because they were investing in
ETFs and index ones. And I was like, well, be me,
(05:38):
I too don't want to work until i'm sixty, so
I shall do this. And then I bought my first
ETF and it was the scariest moment in my life.
Speaker 2 (05:46):
And then it wasn't that scary. I feel like, once
you rip the band aid off and you do it, oh,
was that it? Yeah? Tell me you would you identify
as a financial independent retires early guy? Do want to
do that?
Speaker 1 (05:58):
Like?
Speaker 3 (05:58):
Technically I worked out if I continue investing the same
way that I am now, technically I could.
Speaker 2 (06:03):
Retire at thirty five.
Speaker 3 (06:05):
And I know that that's probably not going to happen
because I do like to spend money, but if I did,
sticking with a plan, it would be possible, but it
probably won't happen.
Speaker 2 (06:12):
But that's okay. And to give people a little bit
of context, how old are you now?
Speaker 3 (06:16):
I'm twenty six. She's not thirty four. Actually when this
episode comes out, I'll be twenty seven.
Speaker 2 (06:20):
Oh that's quite intimidating. I think that's really exciting, and
I want people to know that it's entirely possible. I
would say that you probably don't come across as a
financially independent retire early kind of early, but that's because
we lack nice things, yes, but also you do invest
most of your income, yes, because I'm scared of being broke. Yeah,
(06:42):
so talk to me about you went down a rabbit
hole of jumping on Reddit getting into what they were
getting into. But now what do you invest in personally?
Can you walk us through, like what strategy you have?
Speaker 3 (06:54):
Yes, I have prepared it earlier because I think it's
better to have the facts. I am a bit crazy
when I come some money, so I obviously work here,
but I also have a summit hustle as well doing
social media, and so all of my social media money
I put in either savings are investing, and then my
actual work income. I still invest it. Anytime I've got
to pay rise, I just add that to the investing.
(07:16):
So I invest roughly six hundred fifty dollars a week,
but I dollar cost average, so for me, it makes
some most sense to actually invest every two weeks, so
thirteen hundred dollars every fortnight, and it is all divided
into a portfolio, which I it's reoccurring, and then it
will rebalance automatically, and it just based on whatever the
(07:36):
lowest share is that I need to get to the
correct percentage. So at the moment, my investing split is, oh,
I can't tell you the exact numbers. I can't do maths,
but it's probably fifty percent of my portfolio would be VDHG,
then VTS, VEU, vas ACDC, QUOAL ROBOO, and Berkshire Hathaway
(08:01):
b Okay.
Speaker 2 (08:01):
So let's talk about that a bit more because a
lot of like I got that, and a few giralies
in our community would have been like slay, great, hold on,
let's just wa to these random lessons. Can we go
back and write all of those down? I hurt a
lot of ease. Yes, So let's start there. I love
a anger, You love a banger. I do love a anger.
Talk to me, why was that kind of like the
first place you invested? Because I feel like for our community,
(08:23):
obviously we're talking oh platform and they go, oh, great,
like maybe Chasy's, maybe Pella maybe whatever. Yeah, and then
the next conversation is with what am I buying? Yah,
I would say, especially I know the most popular ETF
in Australia is Vanguard ETF. Yep. Is that just why
you went with it? Talk me through?
Speaker 1 (08:41):
No.
Speaker 3 (08:41):
So a lot of the financial independence retire early movement
is all about finding like one or two ETF it
really makes sense for your portfolio, and then just.
Speaker 2 (08:49):
Going hell to leather at that.
Speaker 3 (08:50):
So the first one that stuck out to me that
made the most sense to me after all my research
was VDHG. So that was the first ETF that I bought.
I put like five k in to that, and then
it's he grew over time and I was like, okay,
well that makes sense, let's continue doing that. And before
I had more information, I just maintained that strategy because
it is really diversified. And then as I got a
bit more experience and read nine investing books in two
(09:12):
weeks one time long story, short Investing master Class, Don't
ask questions, I.
Speaker 2 (09:16):
Then like the Investing master Class was our crowdsource. The
money Community Team was two weeks of my life. But
I'm so sorry I made you do that. It was fine.
I was like, fact check me. Yeah, it was a lot.
Speaker 3 (09:30):
And then I was like, okay, well, I kind of
want to change my strategy a little bit to make
sure the risk was weighted. But a lot of my
ETFs a banger because I like the structure. I also
like that it's a massive company and I don't have
risk of it shutting down tomorrow because everyone invests with them.
Speaker 2 (09:44):
So like it makes sense. So that's kind of suck
it safe. Yeah, and Brooke has been using I would say,
the acronyms, but those are called ticker codes. So if
you want to know more, because I'm not going to
sit here and go, oh, tell me about this et
that right high growth fund exactly, But if you want
to google them and learn a lot more about that ETF,
(10:04):
you can do that and then pick one that aligns
to your strategy and your values, because you might look
at it and go, oh, I don't want to hold
those things, or I really like that that makes sense.
Brooks a genius, So you to make your own decisions.
Talk to me about direct shares. You said a few
at the end, yep, why when where? How like you've
gone from being in the fire community, which generally want
(10:27):
to invest in ets and they don't believe in direct investing.
You're doing that talk, Yeah, So I like to.
Speaker 3 (10:33):
Dabble because I'm bored, and I give myself five percent
of my portfolio to have fun with it. But they're
mostly not, like all my auto invest is with like Perla,
and then I most of my direct shares are American,
and that's because I find American culture really interesting. So
I have Berkshire Hathway B, which is technically a direct share,
(10:54):
but it is also like an ETF, which is Orren
Buffett's company, and we did a whole episode on here, Yeah,
we did girl Boss. And then a lot of my
other direct shares like Tesla, Apple, Google, which is Alphabet
and all those kind of companies. I doabble with those
because I only pretty much invest in companies that I
believe are going to exist in twenty years time. I
(11:15):
invest a lot in the tech sector because I think
like way Mo and things like that are just going
to boom. So in my head, if I'm investing in
those directares, they're probably going to outperform on my ETFs,
but it's still high risk for me. So I try
to keep it just below five percent, and that's just
like my little fun.
Speaker 2 (11:32):
I literally do the same thing because like as somebody
and you guys don't have to do this obviously, again
not advice, but you and I are both very interested
in investing in general, so I still want to have
fun with it. Yeah, And like, if I go way back,
all of my portfolio used to be direct shares and
now it is not. But now it is. Well, when
(11:53):
I was a financial advisor, I picked portfolios for people
of eight to twelve directs shares, and like, obviously I
was in that forty plus hours a week, always looking
at it for clients, so it kind of made sense.
I just took the advice that I was literally giving
clients and applied it to myself. Once I left the industry, though,
(12:13):
I was like, I one can't keep up. Also, I'm
not that interested in keeping up with transurban It's not
that fun. I don't care that much, And so moved
all of my I would say assets, sold them down
as time went on, and moved them into ETFs. And
now I just have a little bit of fun on
the side, got fun money. Yeah, but I want to
(12:35):
pick things that I and I've said before they don't
always work out. You've heard my comments your fun money
choice right now, I keep doubling down on Paradigm. So
Paradigm Biopharmaceuticals, again not advice, but PAARASX is what it is,
and I have put a fair bit of money into that.
(12:56):
They do a lot of medical research. I read the
annual reports all the time, and they are doing a
lot of research into osteoarthritis, which doesn't have that sounds
so fun for me. It is, but they do a
lot of research into this space and they have found
or they have a drug that and I'm not even
trying to sell it. I'm just trying to tell you
why I'm interested. They have a drug that has been
(13:18):
trialed in other areas so we know that it's safe
for human consumption, and it has started having an impact
on osteoarthritis. And the CEO actually has osteoarthritis and his
boots and all. In anyway, I've been investing in this
for way too long and it still hasn't paid offer.
But I keep putting my money is fun. Yeah, And
(13:39):
then my husband's always like, so how are those Paradigm
shares going? And I'm like, not good, we shall retire.
Let's not talk about this because if you look at it,
very bad. And that's why we invest in each That's
why it's five percent of our portfolio, because I'm still
genuinely interested in this, but I can't put my life
savings in there and hope that that's it does well
(14:01):
for me to be able to retire. Just it's a
bad time. Let's talk about what shares and ETFs you've
seen the greatest return on, because like, it is not
an option.
Speaker 3 (14:13):
Basically, I back in COVID times, I invested in a
company called RSE which well that's the Tiger code, which
was Reese Pharmaceuticals, and they were doing a lot of
the COVID testing but that was like prior to them
doing that. So the stock went up shitloads. Couldn't tell
you the exact amount because I've sold it now, but
that was really good for me. But my best performing
ETF at the moment is quoal It's up thirty percent
(14:35):
thirty point nine nine percent. Oh no, I've lied to you.
I've actually lied to you. That was Now it's my
Crypto Thematic ETF, which is up thirty eight point three
five percent.
Speaker 2 (14:45):
Yeah, so not bad. Tell me. I want to talk
more about that direct share that you purchased and then sold. Ye.
At what point did you feel like, oh, I'm going
to sell this because so many people see the money
and go, oh my god, it's going to keep going up.
Speaker 3 (14:57):
Like, how do you make the decision to sell just
knowing that? Okay, Well, the whole point of this share
going up is because of COVID testing. COVID testing is
not going to exist forever. All that jazz it was
actually for COVID like vaccinations, yeah, part, And I thought, well,
I would rather have this money somewhere that I think
is a little bit lower risk.
Speaker 2 (15:15):
And it's gone up. I've more than doubled my money.
Speaker 3 (15:17):
Let's just take it out and let's put it in
something that I think is a little bit more beneficial
long term.
Speaker 2 (15:22):
So I just sold it and then put it in BDHD.
Speaker 1 (15:24):
Yeah.
Speaker 2 (15:25):
That's literally how I work, and it sounds really boring,
but sometimes I get a little bit scared when I
see too much profit, Like I might see you know,
your crypto ETF. I'm assuming you're probably looking at that
and going, oh, like, at what point do you take
some cash off the table and swap it you're going
to keep it.
Speaker 3 (15:40):
I think with thematic ETFs, I kind of only invest
like I also consider them part of the fun money
portfak al right, I was like, oh yes, this No,
the thematic ETFs I have are like in those sectors
that I think are interesting, so like tech, robotics, computing.
I also have some like esports, gaming ones as well,
which are random, but I that is so not what
you would I love a man in it, and I
(16:03):
just think that in the long term they're going to
perform pretty well, and they all have for me so far,
but I still keep them as like a low waiting
Like they're all under ten percent of my portfolio, so
I kind of don't really worry if they're going gangbuster.
Speaker 2 (16:14):
I'm not going to rebalance them. I just think they'll
be fine. They'll live their life. Yeah, live, love, laugh.
That's my investing strategy sometimes. So dividends we invest to
get a return. We don't invest just because it sounds
fun and you like sport. We invest because we literally
want to make money. What kind of returns are you
seeing when it comes to dividends, not just like increase
(16:35):
in value of shares, and how do you decide to
reinvest your income if you do or do you ever
take income out of.
Speaker 3 (16:42):
Your share portfolio. It depends on the month. But most
of the time, when I receive dividends, I just reinvest
them straight away. Usually I'll reinvest it back into the ETFs.
But if I'm like, Okay, well I want to buy
some again America, I do on a different platform, So
I'll take the dividends and then invest them elsewhere. Every
now and then I'll get like a seven hundred dollars
dividend and go, oh, it would be really fun to
get a dice in air rap. But that's rare. Like
(17:03):
I would say, ninety percent of the time, I would
reinvest it ten percent of the time.
Speaker 2 (17:07):
I'm just a girl and I would like to go
buy something. Yeah. Look, I resonate with that, and I
feel like that is absolutely fair. So does that mean
that you do not have a dividend reinvestment plan on?
You do it manually. I do it manually. Yeah, I'm
not surprised. So let's take a quick break, because I
feel like we have dove into a lot very quickly,
(17:29):
and then we're going to get into what I would
say is some of the spicier stuff Brooks tactical moves,
how she handles market dips, and something we get questions
about all the time. That's debt recycling. So guys stay tuned.
All right, welcome back, brook. I feel like this has
(17:51):
probably overwhelmed a lot of people. Can we do a
very quick recap. You're an investor. You're an aggressive investor
investing six hundred and fifty dollars each and every single week,
or thirteen hundred dollars every single fortnite because your dollar
cost average into the market, and you've worked out that
that works better for you when it comes to paying
(18:12):
for brokerage. How did you work that out a calculator? Yes,
But did you go, oh, well, I would be comfortable
with those brokerages fees or did you decide, oh, that's
what the internet recommends is appropriate for brokerage, or where
did you get the info?
Speaker 3 (18:28):
There's heaps of dollar cost averaging calculators out there, But
my brokerage is typically a nine dollars fifty, so I
think in thirteen hundred dollars it's pretty negligent.
Speaker 2 (18:36):
I try to keep it below like one percent.
Speaker 3 (18:39):
I realistically would love to invest every week, But if
I'm not investing one thousand dollars at one time, I
think it's a bit silly. So that's why I like
to it every fortnite, because thirteen hundred dollars is like
a little sweet buffer. But then if I'm like paid
a bit more some months, it might be a bit
more than thirteen hundred dollars a fortnite, but like that's
like the minimum that I would invest.
Speaker 2 (18:56):
Yeah, and when you started investing, I mean that you
weren't investing thirteen hundred dollars because you had different incomes.
I feel like for some people that is wildly unrelatable.
And that is fine because you've worked up to that.
But when you started investing, you had your first ten
grand yeap. How much were you investing consistently after your
initial investment?
Speaker 1 (19:17):
Not a lot.
Speaker 3 (19:18):
Like when I first start investing, I did that ten grand,
I could did the first five k, and then I
did two and a half thousand into RC, and then
I did two and a half thousand into somebody else.
I actually can't remember what it is because I'm it
was years and years and years ago.
Speaker 2 (19:31):
I ended up selling that. I think it could have
been like an all market share.
Speaker 3 (19:34):
And then after that I would just save up all
my savings for a house deposit and then go, okay,
well I'll take a little bit of that and I'll
put it in. There was no like consistency. It didn't
really start being consistent until I had a second income
and I was like, okay, well, all of this second
income is free money because I'm not usually getting it.
I'm going to invest all of the second income. And
then from then on I just decided, okay, well this
(19:55):
is the amount that I can justify investing, regardless of
having a second income or not.
Speaker 2 (20:00):
I'm just going to invest that. So yeah, and you've
worked out what works for you. And I think that
a lot of people will be surprised that you have
a second income because they'll go, wait, what where do
you find the time? And I think it's I think
it's up to personal values, right, like I M say,
thinkme doesn't take long? Yes, But also I think that
a lot of people might assume that you're spending forty
(20:21):
hours a week on that income as well. But that
ebbs and flows and thankfully connects in or not connects in.
It's it's adjacent to what you do it cheese on
the money. So if you're like, oh, v I need
to go work this day doing something else, like you
just do, it's not make it work. Yeah, we just
make it work. It doesn't actually matter. So something that
I know you and your boyfriend talk about a lot
(20:44):
is debt recycling, and I would You're not a homeowner,
but you're a homeowner adjacent I know a homeowner someone else. Yeah, yeah,
I pay rent now now now I pay rent. It's
very it's very costly, but I do pay rent. No
debt recycling. Are we doing to do it? I would?
I personally wouldn't do it.
Speaker 3 (21:03):
I think if you're going to debt recycle, you should
go to a financial advisor because I think there's so
much risk in it. And it's like, okay, well let's
just have someone that this is their job.
Speaker 2 (21:11):
They can do it.
Speaker 3 (21:11):
Sure, you could do it yourself. I think it's not
worth the risk. Personally, I wouldn't debt recycle because I
like the idea of fully like the equity on the house,
getting paid itself down, all that jazz. I just think
it's not my style of investing. I'm not a homeowner,
so maybe my opinion would change on my own home,
but it's not looking like it's going to happen anytime
soon for me. I like the idea of having my
(21:34):
index finds my ets, everything happening in one section, and
the home owning and that jazz is a separate realm.
So if I was ever going to look down that path,
it would be when I have a financial advisor, like,
I'm not going to be doing that on my own.
Speaker 2 (21:47):
Yeah, And I feel like a lot of people be like,
what the heck is debt recycling quick recap? Debt recycling
is basically where you take some debt out of your mortgage.
So you might go, Okay, cool, I've worked out that
I have some EQUID in my property. Let's say it's
one hundred thousand dollars, and you take that one hundred
thousand dollars, you go to the bank and say can
I please release that, and then you give that to
(22:07):
your financial advisor to invest and essentially you're investing on debt.
And the way that a lot of people, I want
to say, justify it or make it make sense in
their heads is, for a very long time, money from
the bank was really cheap, so it was very very
popular pre COVID. At the start of COVID, before we
(22:29):
started having interest rates increase, when you could get to
three percent as a home loan, and then the average
rate of return on the share market is more than
ten percent. So for a lot of people, they'd go
well right, pocket left pocket, ah, free money exactly, So
that would make sense. Now it's not as popular because
interest rates have skyrocketed. People can't afford to be able
(22:51):
to do that. More risky, but that's exactly why it's
so risky is the market's flow over time. And from
my perspective as a financial advisor, I had clients who
did it, but it was more often than not debt
recycling because they actually had enough cash flow to be
able to pull out a whole heap of equity or
(23:11):
a really large lump sum to kick start their investing portfolio,
because maybe they had a couple of hundred thousand dollars
in equity, but they also had the cash flow to
increase how much their mortgage repayments were, and at that
point you'd be like, okay, cool, like slay. If you
invested two hundred grand today, you're obviously in a better
position than if you just started investing one thousand dollars
(23:33):
every week. So we would do that, but it was
so niche like the people that it actually worked out for,
and you know, you could say, oh, well, what happens
if you need to pay off an extra hundred grand,
or what happens if interest rates increase? They were financially
fine if that was the case, they have it. They
didn't care, whereas for most people in our community, I
would say interest rate hikes hurt. So if you're thinking
(23:57):
I wish I had a lower interest rate, probably debt
recent isn't. It's a very niche group of people that
it makes sense for. So maybe we need to do
a whole episode on it, because I do get a
lot of questions about dair recycling. Now, you said you
love an American share You find American culture very interesting,
and the share market has been all over the shop
this year thanks to our friends Donnie Trump. How did
(24:21):
you react? How did you feel when all of that happened?
Oh my god, this shares on sale? Very excited. I
bought things. Did you buy? What did you buy? Well?
It was dip in and we were like, hey, we're
going shopping.
Speaker 3 (24:35):
Not only did I buy something, but the other half
of the social media team also made their first investment
in the.
Speaker 2 (24:41):
Dip they did.
Speaker 3 (24:42):
Miss Georgia also bought something. Georgia bought a VDHG. I
felt very proud. I was like, oh my god, my
pad Georgia. I told and I bought Berkshire Hathway B
because I wanted to for so long. And okay, but
that wasn't the smartest movie because he also resigned the
next day, but I I still.
Speaker 2 (25:00):
Left so hard. I'm not gonna lie, but like for ages,
and I currently don't own Berkshire Hathaway B because for
so long it has been overpriced or I've looked at
it and gone, oh, I just can't like because it's
so popular, right, everybody wants in. He's really smart to
like have a little dip to see an opportunity and
like quit me any quit. So I am currently down.
(25:21):
It's only down a little bit.
Speaker 3 (25:22):
I think, you know what's it's going to recover because
it has a similar like portfolio. Like Berkshire Hathaway themselves
invest in a bunch of companies. I'm sure people know this,
but the companies that they invest in mirror a lot
of the other ETFs that I have, so it's quite
similar like risk profiles everything else I have. But people
don't realize the share price is not indicated on what
(25:42):
they invest in as well, it's on what people buy.
Speaker 2 (25:46):
So I will come back, and I just feel like, yes,
he retired, but he's not a way no. And I
think for a very long time, and I mean he
is very old, but for a very long time he's
built this investment company. And yes he's the head of it,
but there are so many analysts and people in that
business making decisions. Yeah, and I think that the market
just needs to see that now he's retired, it'll be fine.
(26:09):
It'll be fine, and it tracks and then it all increase.
We can come back in a year's time and I'm
going to be a billionaire, just kidding. Okay, Well call
me when that happens and we'll get you back on
the show. I'd love to get a billionaire on the show.
So if you know, one Nash year, I'll be read
message message us. We spoke before about you selling investments. Yeah,
what else have you sold? Why not a lot?
Speaker 3 (26:29):
Like I pretty much have only sold the first few
investments I ever made because I didn't really make them
from too much of a knowledgeable place, Like I made
those decisions because I thought that made sense, and then
I sold them when I realized I didn't really align
with my overarching strategy. I didn't really like the idea
of having twenty five percent of my portfolio being a director.
I thought like, oh, when I realized that that was
(26:51):
kind of risky, I thought, Okay, well, I'm not going
to do that again. And then I've sold it down
to keep like ninety percent of my portfolio as ETFs.
Speaker 2 (26:57):
They're pretty much the only ones I've sold. The rest
of them I've held.
Speaker 3 (27:00):
Also sold my shares when I changed platforms because I
couldn't be rather going through the hind transfer I had
to print something off to side a form, so I
sold them. I thought, let me just take those capital
gains tax and call them.
Speaker 2 (27:10):
That was expensive. It was an expensive decision, but I'm like,
come talk to me about exit strategies. So I when
I was an advisor, I used to always say to clients,
what's the exit strategy if there is one? Like, we
always want to be in a position to be able
to sell down, but we don't necessarily have to sell down.
What's the plan? You said, if I continue on my trajectory,
(27:31):
I could potentially retire at thirty five. Are we selling
every single asset at thirty five and living large or
are we existing off the income?
Speaker 3 (27:40):
What does that existing off the income? Like either dividends
or selling down like a smaller percentage. I realistically could
live a very comfortable life on seventy five K. Yeah,
don't live an excessive life. I'm homeowner adjacent. So you're
saying a man is in fact a financial plan. That
is never a financial plan. But I can afford to
pay rent. What I invest now is mental income, like
(28:00):
I could pay that for a rental, and I also
do pay rent as well on top of that.
Speaker 2 (28:04):
So don't you worry. I'm spending spending big so you
earn a good income. Is she's on the money, that
is very nice.
Speaker 3 (28:11):
I would say, I have two jobs, two jobs, victoria
to behind, got to get a pay rise to talk
about that?
Speaker 2 (28:18):
Never, yeah, hear it here? First seven percent in line
with inflation. Never forget, never ever forget.
Speaker 3 (28:25):
So you know I would sell down a portion, but
I would never sell everything because realistically, when you work
out your financial independence number, you realize that. Okay, well,
this is the number I can draw down and my
portfolio will continue to grow, so hopefully my grandkids and
children would retire with.
Speaker 2 (28:41):
Just creates some money generational wealth. Yes, so did you
use the five percent rule for drawdowns or what did
you take the math?
Speaker 3 (28:49):
I found out you could just like, if whatever income
you want, then times are by twenty five and that's
roughly the amount of money that you should have. And
I've just accepted that's the amount of money I need
to have.
Speaker 2 (28:59):
Yeah, okay, And I mean the twenty five rule means, yes,
you are using the five percent rule, which we spoke
about a lot in a previous episode, and you and
George master class. I was going to say, you and
Georgia have spent a lot of time creating our playlists,
so yeah, they look so cute. Yeah, so we've got
very cute playlists. But if you want to go through
our investing playlists, in that episode or in one of
(29:21):
the episodes, in that playlist, we talk about the five
percent rule and what that means and how that works.
And if you were a bit confused when Brooks said
twenty five times, like that, that's the math that math's
the math that maths, and we talk about it a
lot in that episode, and an investing masterclass exactly. I
mean we literally teach you everything and not only everything
involved in it.
Speaker 3 (29:42):
You should go sign them for the Investing mask class
and use code suckl just kidding.
Speaker 2 (29:45):
There's no codes. You should set one up because it
was an affiliate code for myself. We don't do affiliates,
but apparently just make it for them. We do capital
gains tax. You said before I sold down my shares
because I couldn't be either doing the hint transfer capital
gains tax something that you actually consider when selling. I
didn't consider it at the time. I was just lazy.
Speaker 3 (30:06):
I would consider it now. But if you hold your
shares over twelve months, you get fifty percent reduction on
capital gains tax. I'm not really worried about that until
I'm thirty five, just kidding. I'm not retiring then, but
if I were. Whenever I retire and decide that I'm
going to start taking it, then I'll obviously worry about
the capital gains tax.
Speaker 2 (30:21):
But it's not that much. Like, I don't think it's
going to affect me that much. I don't think it's
that bad. And I think people extrapolate out how scary
it is because they're like, oh, I don't want to
have to pay extra tax. Girl. If you're paying taxes
because you've made money and we are winning to money,
and capital gains tax is tax on the profits, not
tax on your entire portfolio. It's tax on the profits
(30:44):
that you've made from the portfolio, which, honestly, I hope
it's heaps. Yeah, like I hope that Brook. You have
a really big capital gains tax bill. Yeah, you're welcome too.
You're welcome talk to me about your number. You said,
I've got my financial freedom number, and I did twenty
five times.
Speaker 1 (31:01):
What is it?
Speaker 2 (31:02):
Why did you take two million dollars?
Speaker 1 (31:04):
Yeah?
Speaker 3 (31:04):
I can't remember what did I can't think it works
out to be like eighty k. Yeah, I think that
was the Let me divide by twenty five to tell you.
Speaker 2 (31:11):
Yeah, it's eighty k. I thought eighty k was a
comfortable life for me. Yeah. Good. And your plan is
to be able to retire at thirty five. But are
you talk to me a little bit about more your
personality when it comes to working, because I wouldn't working. Yes,
but I wouldn't say. And I think a lot of
people are like, oh my god, Like if you put
in the hard yards, now you can retire and you
(31:32):
never have to work another day in the life. And
I think a lot of people assume that if you
want to retire early, it's because you just don't want
to be working. And I would say that you are
born to born to work, yes, but what does that
look like? Is it just because you're like, I want
financial freedom by then I want this, Like or are
(31:52):
you planning on traveling the world or are you planning
on never working a day in your life?
Speaker 1 (31:56):
Like?
Speaker 2 (31:56):
What does that financial freedom number? What does it mean
to achieve it?
Speaker 3 (32:01):
I think because I grew up in like a very
low socio economic area, I kind of like realize what
it's like to not have money. Like I did not
grow up wealthy by any stretch of the imagination. My parents'
house was seventy thousand dollars. We lived on like one
parent's income, which was my dad was a mechanic and
apprentice a mechanic at that time. Like, we did not
grow up rich and like, we're just lucky to have
(32:22):
what we have. So I think the idea of me,
having financial independence is like, Okay, well, I know that
I'm never going to be back with no money, like
I have money, worst comes to worse. I could help
my mom, I could help my sister, like I've got
money spared. It's not about retiring for me, because I
like working. I like doing things like I have a
side hustle. I look for new things I could be
(32:43):
doing all the time, like I've got goals to start,
like a little business. I just think the idea of
having the financial independence is Okay, well, I can be
a little bit more risky with my decisions. If I
start a small business and I don't own income for
the first three four years, Well that's fine because I
have my investments, like.
Speaker 2 (32:59):
Backing me up.
Speaker 3 (33:00):
I also have a job I also had, Like I'm
looking for just many ways to have money so that
I'm not poor.
Speaker 2 (33:06):
Yeah. And I think that that's an important thing to
touch on as well, because a lot of people might
be going, well, she was really privileged, or she had
parents that invested, or she you know, got gifted money
or had an inheritance, or her parents gathering taught alone.
Like no, I think it's really important to contextualize it
because so often we hear of people investing and then
(33:26):
we get disheartened because then we go, oh, that's not.
Speaker 3 (33:29):
Oh their parents were properly investors. No wonder why they
own a house.
Speaker 2 (33:32):
Yeah, And we talk about it a lot in our
team as well, because like getting to thirteen hundred dollars
a fortnight, doney, that's a lot of money and it's
definitely not the expectation that you listen to this episode
and maybe you've never invested in your life and then
suddenly you find that money to invest that has taken
you a while to not only works too confidence wise
(33:52):
to invest, but also working out. Okay, well if I
have this other job, is that one of the motivations
to like do so much?
Speaker 4 (34:01):
Yeah?
Speaker 3 (34:01):
I think I just I live like I've still got
my first corporate job income. Like my first corporate job
was like fifty k. So to me, I'm like, well,
if I can spend less than fifty k a year
on all of my expenses that's including brands and overseas
holiday Like, if I can do that, then great. That
spare money is either going to go into my house
deposit or it's going to go like into investments. So
every time I've either got a better paying income or
(34:24):
a pay rise or a second income.
Speaker 2 (34:26):
I'm like, okay, well that's not my money. I don't
need that money to live.
Speaker 3 (34:29):
Okay, let's put that into my house deposit and then
let's invest the rest of it, because I want to
have that buffer so that realistically, if I was tomorrow
to become unable to work, okay, great, well i can
go back to earning a fifty thousand dollars a year
income or a forty five thousand dollar a year income,
and I've got savings, I've got investments, and I was
I'm still living on that income now, it's just the
spare money's gone elsewhere, Like it's not my money to touch.
Speaker 2 (34:52):
It's crazy to me because that's my mentality. And like
when I hear it reflected back, I'm like, that kind
of makes no sense because you've got well, you now
have the experience in a career and have established yourself
so much so that even if she's on the money
deleted tomorrow and you couldn't work here, you could go
(35:13):
get a very well paying job. You're never going to
be in a situation from my perspective, where you would
go and get an income of less than fifty thousand dollars.
But in my head, I don't know why. It must
be part of my money story, which is semi similar
to yours, that I wasn't given anything, I didn't grow
up really wealthy. I kind of always go, oh, well,
(35:35):
I could always fall back on that. I could always
and like I forget that. I do have investments and
I have created that cushion. Does that feel real to
you yet or are you still I will always being
for the worst. Yeah, I will always be poor in
my head.
Speaker 3 (35:50):
Like if anyone's a Perth local THEO, I'll know I
grew up in the Gospel's armad i'le region. Okay, when
I say that I did not grow up with money,
I did not grow with money and my head, I
will always be that person, like I will never not
be poor. So like even as I have investments or
like my network changes in my head, that's not that
money's not real because I don't physically have it, which
also feels good because I never I'm not going out
(36:12):
and buying designer stuff. I'm not like doing anything fancy.
I literally don't even know no home, so none of
it's real until it's real. So I think it's until
I actually retire. I think that someone could tomorrow could
come along and take all my investments and go, hah,
you're kidding.
Speaker 2 (36:27):
That's not yours. Like it'sn't it crazy that we get
imposter syndrome investments as well? Like sorry, we thought we
could control ourselves. You cannot.
Speaker 3 (36:35):
Like I have an emergency fund, and I get scared
taking money out of my emergency fund, even if I
need it for an emergency.
Speaker 2 (36:42):
I feel like that's very relatable though, because so many
people message you see the messages from She's on the Money,
People are like, oh my god, I feel so guilty.
I used my emergency fund and more chat with you
will be like, oh my god, what for And they'll say, oh,
an emergency debt bill or my tire broke and I
had to get I'm like, hold on, hold on, can
we just backtrack? Is that not what that's what it
(37:03):
was for? Why are we feeling guilty?
Speaker 1 (37:05):
Though?
Speaker 2 (37:06):
Anyway, I think it's really really interesting learning about your
investment strategy. And I think the community is going to
have loved the openness because I think that it is
very hard for people, you know, to come on the
she's on the money platform and say well, this is
how much I invest, this is how I invest, this
is where I invest, and we want to go down
this route a little bit more in the future. So
(37:28):
if you've listened to this and you're like, oh my god,
I have an investing diary that I would love to share,
it can be completely anonymous, talk to me. Slide into
our dms. Doesn't have to be anonymous either, it's completely
on your term. So I would be sliding into our
dms because we want more content like this because the
only way, or from my perspective, you can read a
million things on Reddit, brook I guarantee that by listening
(37:50):
to stuff like this, you go, oh, it's actually not
that scary. I could do it. Yeah, I could do it.
I could do it. So, unfortunately, Brooke, that is all
we have time for today. I really appreciate how often
you have been with the community, and I just know
that they're going to be so obsessed with hearing from you.
And I think that learning about investing it can be overwhelming.
When you start at the start, it feels like you're
(38:12):
going nowhere. When you invest, even your first five thousand dollars,
you just go, well, what's that even going to do?
But consistency means that Brook can potentially retire by the
age of thirty five, which is very exciting. Guys, if
you have loved this episode, we would really appreciate it,
and our content team would really appreciate She's going to
give us a five hour review. So this was worth
(38:33):
my time exactly because it genuinely helps us bring you
more of the content that you love, and it lets
us know that you want more juicy behind the scenes
chats like this one. I know you're probably feeling all
kinds of inspired right now and ready to channel your
inner Brook and start building your own wealth. And you
know what, Brook and I, we've actually made that really
ridiculously easy for you. Yeah, and we've pulled together all
(38:55):
of our best investing resources into one spot on the
She's on the Money website and inside that She's on
the Money Investing master class. When Brooke said she had
to read nine investing books, it's because I'm crazy. It
was actually horrible. I did not want to miss a thing.
We did not want to miss a thing. I wanted
to make sure we dotted every single I crossed every
(39:15):
single tea if I was saying something, it had to
be fact checked twice. I'm going to link it in
the show notes for you and you can soak up
all of the knowledge to put yourself in the best
possible position. We will see you back here on Friday
for another episode. Bye guys by DearS.
Speaker 4 (39:36):
Did buy 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.
Speaker 2 (39:55):
Advice tailored towards your needs.
Speaker 4 (39:57):
Victoria Divine and She's on the Money are authorized representatives
of money. Sheper p T Y L t D A
B N three two one six four nine two seven
seven zero eight A F S L four five one
two eight nine
My name is Tatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t Glenn Young
Ganya Niana, Kaka yah Ya bin Ahaka Nian our gay
in Nimbina, yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Bumba
ban Gadabomba in and now in wakah Ghana on yak
rum Jar water Nadaa. Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank acknowledge and
respect the Abiginal people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:44):
She's on the Money. She's on the Money. Hello and
(01:08):
welcome to She's on the Money, the podcast that is
here to show you that investing isn't just for the rich,
It's for you too. I'm your host, Victoria Devine, and today,
as you can probably hear, we are doing something a
little bit different. You our incredible. She's on the Money.
Community are always sliding into our dms asking to get
pervy on the money diries of the She's on the
(01:30):
money team, and today I finally have a volunteer. Yay,
volunteer attribute save you same, but instead of the usual
money tea, We're going to dive into something even juicy.
We are going to do an investing diary because our
volunteer is not just I would say a very valued
member of our social media and courses team. She calls
(01:52):
herself the head of good course department.
Speaker 1 (01:54):
Yep.
Speaker 2 (01:55):
She also is a very experienced investor who's been building
her portfolio for years and has a lot of wisdom.
Is that what we're going to call it? Over sold?
So I always over sold? But Brook Green, welcome to
the show. Not the government name name, it's what was
on zero when I looked you up to CHECKO was
(02:16):
my name?
Speaker 1 (02:17):
Yeah?
Speaker 2 (02:17):
Yes, Brook Green, welcome to the shout. I'm very excited
to have you here. You have been on the show before,
so this season your first time. The last time you
were on our show was in New York. It was
indeed in New York. It was a sleepless, delirious time.
I don't even remember what we were speaking about.
Speaker 3 (02:37):
I remember exactly like it was yesterday. We're talking about
mcgriddle's things that were expensive in America and.
Speaker 2 (02:41):
The met griddle is now in austray it's now an
Australia and a pumpkin spice latte love laugh. So for
those in our community who might not have met you
through social media, can you tell us what do you
do at she's on the money and like, why do
you do it at she's on the money?
Speaker 3 (02:57):
Oh well, one time I posted TikTok saying and got
made redundant and you slid into my DMS and said
do you want a job?
Speaker 2 (03:02):
And I started working with was the opportunity of a lifetime,
I know, and I've been here for a while now.
Speaker 3 (03:07):
It's some old furniture. I do some of the socials.
There's two people in the socials team and are you
in Georgia yet? Me and Georgia my work wife.
Speaker 2 (03:16):
Sorry to my partner, but he knows, he's quite aware,
he's aware.
Speaker 3 (03:20):
But we do all of the content together. I do
mainly the video stuff and some blogs and stuff, and
then courses and all that jazz. Anytime you sign up
for a course. The process I've made and unfortunately if
it goes wrong, it's probably my fault.
Speaker 2 (03:33):
And if you see like a diabolical meme or now
the intern. Yeah, usually if we're blaming the intern, it's me,
it's usually Brook. So talk to me, actually, don't talk
to me. Let me do a little bit of a disclaimer,
because unfortunately this is not financial advice. We're not giving advice.
As much as lots of us want to be more
(03:54):
like Brook, you shouldn't be copying Brook. Well, past performance
is not a reliable pretty through a future performance. And
if we're going to talk about your investing journey, I
don't want them going, oh my god, you bought what
and when and where and then like because you can't
buy it when I bought it, exactly unless you've got
a time machine in which you like if you do,
you no, but like, also, you just copy Brook, you'd
(04:16):
be really rich. It probably won't be really rich because
I'm not, guys, I'm trying to sell this to the community. Yes, yes,
very much. I had to get a tribute on the show.
I'm here. Okay, thank you. So let's get into the
advice after we've done our disclaim of like not taking
her advice. So Brooke you've been investing for I would
say quite a while, Like, way before you join shees
(04:36):
on the money, could you give me a little bit
of background. How did you even get into investing and
what were you doing at the time.
Speaker 3 (04:43):
So I was working in mining because I'm from Perth,
so if you're a Perth girly, you probably understand that law.
But I was working in mining as a receptionist and
I was very excited because I'd say my first ten
thousand dollars and I was talking.
Speaker 2 (04:53):
About it with my work colleagues.
Speaker 3 (04:54):
I was going to buy a house because in my head,
ten thousand dollars was enough to get a house deposit. Wrong,
still don't own a house. But one of the accountants
was like, oh, well, you shouldn't buy a house. That's
going to be a waste of your money because you're
so young. Put the ten k in index funds and
call it today. You'll be well better off. And I
looked at him, like at Index water work. And then
I went home and I googled Index ones still had
no idea what any of it meant. And then I
(05:15):
decided to fall down the rabbit hole of Reddit read
everything there was to know about index ones and thought, oh,
that's really cool, but I'm not doing that because that's
really scary. And then I joined a million and one subreddits,
including the financial Independence retire Early subreddit and realizing people
were retiring at like forty because they were investing in
ETFs and index ones. And I was like, well, be me,
(05:38):
I too don't want to work until i'm sixty, so
I shall do this. And then I bought my first
ETF and it was the scariest moment in my life.
Speaker 2 (05:46):
And then it wasn't that scary. I feel like, once
you rip the band aid off and you do it, oh,
was that it? Yeah? Tell me you would you identify
as a financial independent retires early guy? Do want to
do that?
Speaker 1 (05:58):
Like?
Speaker 3 (05:58):
Technically I worked out if I continue investing the same
way that I am now, technically I could.
Speaker 2 (06:03):
Retire at thirty five.
Speaker 3 (06:05):
And I know that that's probably not going to happen
because I do like to spend money, but if I did,
sticking with a plan, it would be possible, but it
probably won't happen.
Speaker 2 (06:12):
But that's okay. And to give people a little bit
of context, how old are you now?
Speaker 3 (06:16):
I'm twenty six. She's not thirty four. Actually when this
episode comes out, I'll be twenty seven.
Speaker 2 (06:20):
Oh that's quite intimidating. I think that's really exciting, and
I want people to know that it's entirely possible. I
would say that you probably don't come across as a
financially independent retire early kind of early, but that's because
we lack nice things, yes, but also you do invest
most of your income, yes, because I'm scared of being broke. Yeah,
(06:42):
so talk to me about you went down a rabbit
hole of jumping on Reddit getting into what they were
getting into. But now what do you invest in personally?
Can you walk us through, like what strategy you have?
Speaker 3 (06:54):
Yes, I have prepared it earlier because I think it's
better to have the facts. I am a bit crazy
when I come some money, so I obviously work here,
but I also have a summit hustle as well doing
social media, and so all of my social media money
I put in either savings are investing, and then my
actual work income. I still invest it. Anytime I've got
to pay rise, I just add that to the investing.
(07:16):
So I invest roughly six hundred fifty dollars a week,
but I dollar cost average, so for me, it makes
some most sense to actually invest every two weeks, so
thirteen hundred dollars every fortnight, and it is all divided
into a portfolio, which I it's reoccurring, and then it
will rebalance automatically, and it just based on whatever the
(07:36):
lowest share is that I need to get to the
correct percentage. So at the moment, my investing split is, oh,
I can't tell you the exact numbers. I can't do maths,
but it's probably fifty percent of my portfolio would be VDHG,
then VTS, VEU, vas ACDC, QUOAL ROBOO, and Berkshire Hathaway
(08:01):
b Okay.
Speaker 2 (08:01):
So let's talk about that a bit more because a
lot of like I got that, and a few giralies
in our community would have been like slay, great, hold on,
let's just wa to these random lessons. Can we go
back and write all of those down? I hurt a
lot of ease. Yes, So let's start there. I love
a anger, You love a banger. I do love a anger.
Talk to me, why was that kind of like the
first place you invested? Because I feel like for our community,
(08:23):
obviously we're talking oh platform and they go, oh, great,
like maybe Chasy's, maybe Pella maybe whatever. Yeah, and then
the next conversation is with what am I buying? Yah,
I would say, especially I know the most popular ETF
in Australia is Vanguard ETF. Yep. Is that just why
you went with it? Talk me through?
Speaker 1 (08:41):
No.
Speaker 3 (08:41):
So a lot of the financial independence retire early movement
is all about finding like one or two ETF it
really makes sense for your portfolio, and then just.
Speaker 2 (08:49):
Going hell to leather at that.
Speaker 3 (08:50):
So the first one that stuck out to me that
made the most sense to me after all my research
was VDHG. So that was the first ETF that I bought.
I put like five k in to that, and then
it's he grew over time and I was like, okay,
well that makes sense, let's continue doing that. And before
I had more information, I just maintained that strategy because
it is really diversified. And then as I got a
bit more experience and read nine investing books in two
(09:12):
weeks one time long story, short Investing master Class, Don't
ask questions, I.
Speaker 2 (09:16):
Then like the Investing master Class was our crowdsource. The
money Community Team was two weeks of my life. But
I'm so sorry I made you do that. It was fine.
I was like, fact check me. Yeah, it was a lot.
Speaker 3 (09:30):
And then I was like, okay, well, I kind of
want to change my strategy a little bit to make
sure the risk was weighted. But a lot of my
ETFs a banger because I like the structure. I also
like that it's a massive company and I don't have
risk of it shutting down tomorrow because everyone invests with them.
Speaker 2 (09:44):
So like it makes sense. So that's kind of suck
it safe. Yeah, and Brooke has been using I would say,
the acronyms, but those are called ticker codes. So if
you want to know more, because I'm not going to
sit here and go, oh, tell me about this et
that right high growth fund exactly, But if you want
to google them and learn a lot more about that ETF,
(10:04):
you can do that and then pick one that aligns
to your strategy and your values, because you might look
at it and go, oh, I don't want to hold
those things, or I really like that that makes sense.
Brooks a genius, So you to make your own decisions.
Talk to me about direct shares. You said a few
at the end, yep, why when where? How like you've
gone from being in the fire community, which generally want
(10:27):
to invest in ets and they don't believe in direct investing.
You're doing that talk, Yeah, So I like to.
Speaker 3 (10:33):
Dabble because I'm bored, and I give myself five percent
of my portfolio to have fun with it. But they're
mostly not, like all my auto invest is with like Perla,
and then I most of my direct shares are American,
and that's because I find American culture really interesting. So
I have Berkshire Hathway B, which is technically a direct share,
(10:54):
but it is also like an ETF, which is Orren
Buffett's company, and we did a whole episode on here, Yeah,
we did girl Boss. And then a lot of my
other direct shares like Tesla, Apple, Google, which is Alphabet
and all those kind of companies. I doabble with those
because I only pretty much invest in companies that I
believe are going to exist in twenty years time. I
(11:15):
invest a lot in the tech sector because I think
like way Mo and things like that are just going
to boom. So in my head, if I'm investing in
those directares, they're probably going to outperform on my ETFs,
but it's still high risk for me. So I try
to keep it just below five percent, and that's just
like my little fun.
Speaker 2 (11:32):
I literally do the same thing because like as somebody
and you guys don't have to do this obviously, again
not advice, but you and I are both very interested
in investing in general, so I still want to have
fun with it. Yeah, And like, if I go way back,
all of my portfolio used to be direct shares and
now it is not. But now it is. Well, when
(11:53):
I was a financial advisor, I picked portfolios for people
of eight to twelve directs shares, and like, obviously I
was in that forty plus hours a week, always looking
at it for clients, so it kind of made sense.
I just took the advice that I was literally giving
clients and applied it to myself. Once I left the industry, though,
(12:13):
I was like, I one can't keep up. Also, I'm
not that interested in keeping up with transurban It's not
that fun. I don't care that much, And so moved
all of my I would say assets, sold them down
as time went on, and moved them into ETFs. And
now I just have a little bit of fun on
the side, got fun money. Yeah, but I want to
(12:35):
pick things that I and I've said before they don't
always work out. You've heard my comments your fun money
choice right now, I keep doubling down on Paradigm. So
Paradigm Biopharmaceuticals, again not advice, but PAARASX is what it is,
and I have put a fair bit of money into that.
(12:56):
They do a lot of medical research. I read the
annual reports all the time, and they are doing a
lot of research into osteoarthritis, which doesn't have that sounds
so fun for me. It is, but they do a
lot of research into this space and they have found
or they have a drug that and I'm not even
trying to sell it. I'm just trying to tell you
why I'm interested. They have a drug that has been
(13:18):
trialed in other areas so we know that it's safe
for human consumption, and it has started having an impact
on osteoarthritis. And the CEO actually has osteoarthritis and his
boots and all. In anyway, I've been investing in this
for way too long and it still hasn't paid offer.
But I keep putting my money is fun. Yeah, And
(13:39):
then my husband's always like, so how are those Paradigm
shares going? And I'm like, not good, we shall retire.
Let's not talk about this because if you look at it,
very bad. And that's why we invest in each That's
why it's five percent of our portfolio, because I'm still
genuinely interested in this, but I can't put my life
savings in there and hope that that's it does well
(14:01):
for me to be able to retire. Just it's a
bad time. Let's talk about what shares and ETFs you've
seen the greatest return on, because like, it is not
an option.
Speaker 3 (14:13):
Basically, I back in COVID times, I invested in a
company called RSE which well that's the Tiger code, which
was Reese Pharmaceuticals, and they were doing a lot of
the COVID testing but that was like prior to them
doing that. So the stock went up shitloads. Couldn't tell
you the exact amount because I've sold it now, but
that was really good for me. But my best performing
ETF at the moment is quoal It's up thirty percent
(14:35):
thirty point nine nine percent. Oh no, I've lied to you.
I've actually lied to you. That was Now it's my
Crypto Thematic ETF, which is up thirty eight point three
five percent.
Speaker 2 (14:45):
Yeah, so not bad. Tell me. I want to talk
more about that direct share that you purchased and then sold. Ye.
At what point did you feel like, oh, I'm going
to sell this because so many people see the money
and go, oh my god, it's going to keep going up.
Speaker 3 (14:57):
Like, how do you make the decision to sell just
knowing that? Okay, Well, the whole point of this share
going up is because of COVID testing. COVID testing is
not going to exist forever. All that jazz it was
actually for COVID like vaccinations, yeah, part, And I thought, well,
I would rather have this money somewhere that I think
is a little bit lower risk.
Speaker 2 (15:15):
And it's gone up. I've more than doubled my money.
Speaker 3 (15:17):
Let's just take it out and let's put it in
something that I think is a little bit more beneficial
long term.
Speaker 2 (15:22):
So I just sold it and then put it in BDHD.
Speaker 1 (15:24):
Yeah.
Speaker 2 (15:25):
That's literally how I work, and it sounds really boring,
but sometimes I get a little bit scared when I
see too much profit, Like I might see you know,
your crypto ETF. I'm assuming you're probably looking at that
and going, oh, like, at what point do you take
some cash off the table and swap it you're going
to keep it.
Speaker 3 (15:40):
I think with thematic ETFs, I kind of only invest
like I also consider them part of the fun money
portfak al right, I was like, oh yes, this No,
the thematic ETFs I have are like in those sectors
that I think are interesting, so like tech, robotics, computing.
I also have some like esports, gaming ones as well,
which are random, but I that is so not what
you would I love a man in it, and I
(16:03):
just think that in the long term they're going to
perform pretty well, and they all have for me so far,
but I still keep them as like a low waiting
Like they're all under ten percent of my portfolio, so
I kind of don't really worry if they're going gangbuster.
Speaker 2 (16:14):
I'm not going to rebalance them. I just think they'll
be fine. They'll live their life. Yeah, live, love, laugh.
That's my investing strategy sometimes. So dividends we invest to
get a return. We don't invest just because it sounds
fun and you like sport. We invest because we literally
want to make money. What kind of returns are you
seeing when it comes to dividends, not just like increase
(16:35):
in value of shares, and how do you decide to
reinvest your income if you do or do you ever
take income out of.
Speaker 3 (16:42):
Your share portfolio. It depends on the month. But most
of the time, when I receive dividends, I just reinvest
them straight away. Usually I'll reinvest it back into the ETFs.
But if I'm like, Okay, well I want to buy
some again America, I do on a different platform, So
I'll take the dividends and then invest them elsewhere. Every
now and then I'll get like a seven hundred dollars
dividend and go, oh, it would be really fun to
get a dice in air rap. But that's rare. Like
(17:03):
I would say, ninety percent of the time, I would
reinvest it ten percent of the time.
Speaker 2 (17:07):
I'm just a girl and I would like to go
buy something. Yeah. Look, I resonate with that, and I
feel like that is absolutely fair. So does that mean
that you do not have a dividend reinvestment plan on?
You do it manually. I do it manually. Yeah, I'm
not surprised. So let's take a quick break, because I
feel like we have dove into a lot very quickly,
(17:29):
and then we're going to get into what I would
say is some of the spicier stuff Brooks tactical moves,
how she handles market dips, and something we get questions
about all the time. That's debt recycling. So guys stay tuned.
All right, welcome back, brook. I feel like this has
(17:51):
probably overwhelmed a lot of people. Can we do a
very quick recap. You're an investor. You're an aggressive investor
investing six hundred and fifty dollars each and every single week,
or thirteen hundred dollars every single fortnite because your dollar
cost average into the market, and you've worked out that
that works better for you when it comes to paying
(18:12):
for brokerage. How did you work that out a calculator? Yes,
But did you go, oh, well, I would be comfortable
with those brokerages fees or did you decide, oh, that's
what the internet recommends is appropriate for brokerage, or where
did you get the info?
Speaker 3 (18:28):
There's heaps of dollar cost averaging calculators out there, But
my brokerage is typically a nine dollars fifty, so I
think in thirteen hundred dollars it's pretty negligent.
Speaker 2 (18:36):
I try to keep it below like one percent.
Speaker 3 (18:39):
I realistically would love to invest every week, But if
I'm not investing one thousand dollars at one time, I
think it's a bit silly. So that's why I like
to it every fortnite, because thirteen hundred dollars is like
a little sweet buffer. But then if I'm like paid
a bit more some months, it might be a bit
more than thirteen hundred dollars a fortnite, but like that's
like the minimum that I would invest.
Speaker 2 (18:56):
Yeah, and when you started investing, I mean that you
weren't investing thirteen hundred dollars because you had different incomes.
I feel like for some people that is wildly unrelatable.
And that is fine because you've worked up to that.
But when you started investing, you had your first ten
grand yeap. How much were you investing consistently after your
initial investment?
Speaker 1 (19:17):
Not a lot.
Speaker 3 (19:18):
Like when I first start investing, I did that ten grand,
I could did the first five k, and then I
did two and a half thousand into RC, and then
I did two and a half thousand into somebody else.
I actually can't remember what it is because I'm it
was years and years and years ago.
Speaker 2 (19:31):
I ended up selling that. I think it could have
been like an all market share.
Speaker 3 (19:34):
And then after that I would just save up all
my savings for a house deposit and then go, okay,
well I'll take a little bit of that and I'll
put it in. There was no like consistency. It didn't
really start being consistent until I had a second income
and I was like, okay, well, all of this second
income is free money because I'm not usually getting it.
I'm going to invest all of the second income. And
then from then on I just decided, okay, well this
(19:55):
is the amount that I can justify investing, regardless of
having a second income or not.
Speaker 2 (20:00):
I'm just going to invest that. So yeah, and you've
worked out what works for you. And I think that
a lot of people will be surprised that you have
a second income because they'll go, wait, what where do
you find the time? And I think it's I think
it's up to personal values, right, like I M say,
thinkme doesn't take long? Yes, But also I think that
a lot of people might assume that you're spending forty
(20:21):
hours a week on that income as well. But that
ebbs and flows and thankfully connects in or not connects in.
It's it's adjacent to what you do it cheese on
the money. So if you're like, oh, v I need
to go work this day doing something else, like you
just do, it's not make it work. Yeah, we just
make it work. It doesn't actually matter. So something that
I know you and your boyfriend talk about a lot
(20:44):
is debt recycling, and I would You're not a homeowner,
but you're a homeowner adjacent I know a homeowner someone else. Yeah, yeah,
I pay rent now now now I pay rent. It's
very it's very costly, but I do pay rent. No
debt recycling. Are we doing to do it? I would?
I personally wouldn't do it.
Speaker 3 (21:03):
I think if you're going to debt recycle, you should
go to a financial advisor because I think there's so
much risk in it. And it's like, okay, well let's
just have someone that this is their job.
Speaker 2 (21:11):
They can do it.
Speaker 3 (21:11):
Sure, you could do it yourself. I think it's not
worth the risk. Personally, I wouldn't debt recycle because I
like the idea of fully like the equity on the house,
getting paid itself down, all that jazz. I just think
it's not my style of investing. I'm not a homeowner,
so maybe my opinion would change on my own home,
but it's not looking like it's going to happen anytime
soon for me. I like the idea of having my
(21:34):
index finds my ets, everything happening in one section, and
the home owning and that jazz is a separate realm.
So if I was ever going to look down that path,
it would be when I have a financial advisor, like,
I'm not going to be doing that on my own.
Speaker 2 (21:47):
Yeah, And I feel like a lot of people be like,
what the heck is debt recycling quick recap? Debt recycling
is basically where you take some debt out of your mortgage.
So you might go, Okay, cool, I've worked out that
I have some EQUID in my property. Let's say it's
one hundred thousand dollars, and you take that one hundred
thousand dollars, you go to the bank and say can
I please release that, and then you give that to
(22:07):
your financial advisor to invest and essentially you're investing on debt.
And the way that a lot of people, I want
to say, justify it or make it make sense in
their heads is, for a very long time, money from
the bank was really cheap, so it was very very
popular pre COVID. At the start of COVID, before we
(22:29):
started having interest rates increase, when you could get to
three percent as a home loan, and then the average
rate of return on the share market is more than
ten percent. So for a lot of people, they'd go
well right, pocket left pocket, ah, free money exactly, So
that would make sense. Now it's not as popular because
interest rates have skyrocketed. People can't afford to be able
(22:51):
to do that. More risky, but that's exactly why it's
so risky is the market's flow over time. And from
my perspective as a financial advisor, I had clients who
did it, but it was more often than not debt
recycling because they actually had enough cash flow to be
able to pull out a whole heap of equity or
(23:11):
a really large lump sum to kick start their investing portfolio,
because maybe they had a couple of hundred thousand dollars
in equity, but they also had the cash flow to
increase how much their mortgage repayments were, and at that
point you'd be like, okay, cool, like slay. If you
invested two hundred grand today, you're obviously in a better
position than if you just started investing one thousand dollars
(23:33):
every week. So we would do that, but it was
so niche like the people that it actually worked out for,
and you know, you could say, oh, well, what happens
if you need to pay off an extra hundred grand,
or what happens if interest rates increase? They were financially
fine if that was the case, they have it. They
didn't care, whereas for most people in our community, I
would say interest rate hikes hurt. So if you're thinking
(23:57):
I wish I had a lower interest rate, probably debt
recent isn't. It's a very niche group of people that
it makes sense for. So maybe we need to do
a whole episode on it, because I do get a
lot of questions about dair recycling. Now, you said you
love an American share You find American culture very interesting,
and the share market has been all over the shop
this year thanks to our friends Donnie Trump. How did
(24:21):
you react? How did you feel when all of that happened?
Oh my god, this shares on sale? Very excited. I
bought things. Did you buy? What did you buy? Well?
It was dip in and we were like, hey, we're
going shopping.
Speaker 3 (24:35):
Not only did I buy something, but the other half
of the social media team also made their first investment
in the.
Speaker 2 (24:41):
Dip they did.
Speaker 3 (24:42):
Miss Georgia also bought something. Georgia bought a VDHG. I
felt very proud. I was like, oh my god, my
pad Georgia. I told and I bought Berkshire Hathway B
because I wanted to for so long. And okay, but
that wasn't the smartest movie because he also resigned the
next day, but I I still.
Speaker 2 (25:00):
Left so hard. I'm not gonna lie, but like for ages,
and I currently don't own Berkshire Hathaway B because for
so long it has been overpriced or I've looked at
it and gone, oh, I just can't like because it's
so popular, right, everybody wants in. He's really smart to
like have a little dip to see an opportunity and
like quit me any quit. So I am currently down.
(25:21):
It's only down a little bit.
Speaker 3 (25:22):
I think, you know what's it's going to recover because
it has a similar like portfolio. Like Berkshire Hathaway themselves
invest in a bunch of companies. I'm sure people know this,
but the companies that they invest in mirror a lot
of the other ETFs that I have, so it's quite
similar like risk profiles everything else I have. But people
don't realize the share price is not indicated on what
(25:42):
they invest in as well, it's on what people buy.
Speaker 2 (25:46):
So I will come back, and I just feel like, yes,
he retired, but he's not a way no. And I
think for a very long time, and I mean he
is very old, but for a very long time he's
built this investment company. And yes he's the head of it,
but there are so many analysts and people in that
business making decisions. Yeah, and I think that the market
just needs to see that now he's retired, it'll be fine.
(26:09):
It'll be fine, and it tracks and then it all increase.
We can come back in a year's time and I'm
going to be a billionaire, just kidding. Okay, Well call
me when that happens and we'll get you back on
the show. I'd love to get a billionaire on the show.
So if you know, one Nash year, I'll be read
message message us. We spoke before about you selling investments. Yeah,
what else have you sold? Why not a lot?
Speaker 3 (26:29):
Like I pretty much have only sold the first few
investments I ever made because I didn't really make them
from too much of a knowledgeable place, Like I made
those decisions because I thought that made sense, and then
I sold them when I realized I didn't really align
with my overarching strategy. I didn't really like the idea
of having twenty five percent of my portfolio being a director.
I thought like, oh, when I realized that that was
(26:51):
kind of risky, I thought, Okay, well, I'm not going
to do that again. And then I've sold it down
to keep like ninety percent of my portfolio as ETFs.
Speaker 2 (26:57):
They're pretty much the only ones I've sold. The rest
of them I've held.
Speaker 3 (27:00):
Also sold my shares when I changed platforms because I
couldn't be rather going through the hind transfer I had
to print something off to side a form, so I
sold them. I thought, let me just take those capital
gains tax and call them.
Speaker 2 (27:10):
That was expensive. It was an expensive decision, but I'm like,
come talk to me about exit strategies. So I when
I was an advisor, I used to always say to clients,
what's the exit strategy if there is one? Like, we
always want to be in a position to be able
to sell down, but we don't necessarily have to sell down.
What's the plan? You said, if I continue on my trajectory,
(27:31):
I could potentially retire at thirty five. Are we selling
every single asset at thirty five and living large or
are we existing off the income?
Speaker 3 (27:40):
What does that existing off the income? Like either dividends
or selling down like a smaller percentage. I realistically could
live a very comfortable life on seventy five K. Yeah,
don't live an excessive life. I'm homeowner adjacent. So you're
saying a man is in fact a financial plan. That
is never a financial plan. But I can afford to
pay rent. What I invest now is mental income, like
(28:00):
I could pay that for a rental, and I also
do pay rent as well on top of that.
Speaker 2 (28:04):
So don't you worry. I'm spending spending big so you
earn a good income. Is she's on the money, that
is very nice.
Speaker 3 (28:11):
I would say, I have two jobs, two jobs, victoria
to behind, got to get a pay rise to talk
about that?
Speaker 2 (28:18):
Never, yeah, hear it here? First seven percent in line
with inflation. Never forget, never ever forget.
Speaker 3 (28:25):
So you know I would sell down a portion, but
I would never sell everything because realistically, when you work
out your financial independence number, you realize that. Okay, well,
this is the number I can draw down and my
portfolio will continue to grow, so hopefully my grandkids and
children would retire with.
Speaker 2 (28:41):
Just creates some money generational wealth. Yes, so did you
use the five percent rule for drawdowns or what did
you take the math?
Speaker 3 (28:49):
I found out you could just like, if whatever income
you want, then times are by twenty five and that's
roughly the amount of money that you should have. And
I've just accepted that's the amount of money I need
to have.
Speaker 2 (28:59):
Yeah, okay, And I mean the twenty five rule means, yes,
you are using the five percent rule, which we spoke
about a lot in a previous episode, and you and
George master class. I was going to say, you and
Georgia have spent a lot of time creating our playlists,
so yeah, they look so cute. Yeah, so we've got
very cute playlists. But if you want to go through
our investing playlists, in that episode or in one of
(29:21):
the episodes, in that playlist, we talk about the five
percent rule and what that means and how that works.
And if you were a bit confused when Brooks said
twenty five times, like that, that's the math that math's
the math that maths, and we talk about it a
lot in that episode, and an investing masterclass exactly. I
mean we literally teach you everything and not only everything
involved in it.
Speaker 3 (29:42):
You should go sign them for the Investing mask class
and use code suckl just kidding.
Speaker 2 (29:45):
There's no codes. You should set one up because it
was an affiliate code for myself. We don't do affiliates,
but apparently just make it for them. We do capital
gains tax. You said before I sold down my shares
because I couldn't be either doing the hint transfer capital
gains tax something that you actually consider when selling. I
didn't consider it at the time. I was just lazy.
Speaker 3 (30:06):
I would consider it now. But if you hold your
shares over twelve months, you get fifty percent reduction on
capital gains tax. I'm not really worried about that until
I'm thirty five, just kidding. I'm not retiring then, but
if I were. Whenever I retire and decide that I'm
going to start taking it, then I'll obviously worry about
the capital gains tax.
Speaker 2 (30:21):
But it's not that much. Like, I don't think it's
going to affect me that much. I don't think it's
that bad. And I think people extrapolate out how scary
it is because they're like, oh, I don't want to
have to pay extra tax. Girl. If you're paying taxes
because you've made money and we are winning to money,
and capital gains tax is tax on the profits, not
tax on your entire portfolio. It's tax on the profits
(30:44):
that you've made from the portfolio, which, honestly, I hope
it's heaps. Yeah, like I hope that Brook. You have
a really big capital gains tax bill. Yeah, you're welcome too.
You're welcome talk to me about your number. You said,
I've got my financial freedom number, and I did twenty
five times.
Speaker 1 (31:01):
What is it?
Speaker 2 (31:02):
Why did you take two million dollars?
Speaker 1 (31:04):
Yeah?
Speaker 3 (31:04):
I can't remember what did I can't think it works
out to be like eighty k. Yeah, I think that
was the Let me divide by twenty five to tell you.
Speaker 2 (31:11):
Yeah, it's eighty k. I thought eighty k was a
comfortable life for me. Yeah. Good. And your plan is
to be able to retire at thirty five. But are
you talk to me a little bit about more your
personality when it comes to working, because I wouldn't working. Yes,
but I wouldn't say. And I think a lot of
people are like, oh my god, Like if you put
in the hard yards, now you can retire and you
(31:32):
never have to work another day in the life. And
I think a lot of people assume that if you
want to retire early, it's because you just don't want
to be working. And I would say that you are
born to born to work, yes, but what does that
look like? Is it just because you're like, I want
financial freedom by then I want this, Like or are
(31:52):
you planning on traveling the world or are you planning
on never working a day in your life?
Speaker 1 (31:56):
Like?
Speaker 2 (31:56):
What does that financial freedom number? What does it mean
to achieve it?
Speaker 3 (32:01):
I think because I grew up in like a very
low socio economic area, I kind of like realize what
it's like to not have money. Like I did not
grow up wealthy by any stretch of the imagination. My parents'
house was seventy thousand dollars. We lived on like one
parent's income, which was my dad was a mechanic and
apprentice a mechanic at that time. Like, we did not
grow up rich and like, we're just lucky to have
(32:22):
what we have. So I think the idea of me,
having financial independence is like, Okay, well, I know that
I'm never going to be back with no money, like
I have money, worst comes to worse. I could help
my mom, I could help my sister, like I've got
money spared. It's not about retiring for me, because I
like working. I like doing things like I have a
side hustle. I look for new things I could be
(32:43):
doing all the time, like I've got goals to start,
like a little business. I just think the idea of
having the financial independence is Okay, well, I can be
a little bit more risky with my decisions. If I
start a small business and I don't own income for
the first three four years, Well that's fine because I
have my investments, like.
Speaker 2 (32:59):
Backing me up.
Speaker 3 (33:00):
I also have a job I also had, Like I'm
looking for just many ways to have money so that
I'm not poor.
Speaker 2 (33:06):
Yeah. And I think that that's an important thing to
touch on as well, because a lot of people might
be going, well, she was really privileged, or she had
parents that invested, or she you know, got gifted money
or had an inheritance, or her parents gathering taught alone.
Like no, I think it's really important to contextualize it
because so often we hear of people investing and then
(33:26):
we get disheartened because then we go, oh, that's not.
Speaker 3 (33:29):
Oh their parents were properly investors. No wonder why they
own a house.
Speaker 2 (33:32):
Yeah, And we talk about it a lot in our
team as well, because like getting to thirteen hundred dollars
a fortnight, doney, that's a lot of money and it's
definitely not the expectation that you listen to this episode
and maybe you've never invested in your life and then
suddenly you find that money to invest that has taken
you a while to not only works too confidence wise
(33:52):
to invest, but also working out. Okay, well if I
have this other job, is that one of the motivations
to like do so much?
Speaker 4 (34:01):
Yeah?
Speaker 3 (34:01):
I think I just I live like I've still got
my first corporate job income. Like my first corporate job
was like fifty k. So to me, I'm like, well,
if I can spend less than fifty k a year
on all of my expenses that's including brands and overseas
holiday Like, if I can do that, then great. That
spare money is either going to go into my house
deposit or it's going to go like into investments. So
every time I've either got a better paying income or
(34:24):
a pay rise or a second income.
Speaker 2 (34:26):
I'm like, okay, well that's not my money. I don't
need that money to live.
Speaker 3 (34:29):
Okay, let's put that into my house deposit and then
let's invest the rest of it, because I want to
have that buffer so that realistically, if I was tomorrow
to become unable to work, okay, great, well i can
go back to earning a fifty thousand dollars a year
income or a forty five thousand dollar a year income,
and I've got savings, I've got investments, and I was
I'm still living on that income now, it's just the
spare money's gone elsewhere, Like it's not my money to touch.
Speaker 2 (34:52):
It's crazy to me because that's my mentality. And like
when I hear it reflected back, I'm like, that kind
of makes no sense because you've got well, you now
have the experience in a career and have established yourself
so much so that even if she's on the money
deleted tomorrow and you couldn't work here, you could go
(35:13):
get a very well paying job. You're never going to
be in a situation from my perspective, where you would
go and get an income of less than fifty thousand dollars.
But in my head, I don't know why. It must
be part of my money story, which is semi similar
to yours, that I wasn't given anything, I didn't grow
up really wealthy. I kind of always go, oh, well,
(35:35):
I could always fall back on that. I could always
and like I forget that. I do have investments and
I have created that cushion. Does that feel real to
you yet or are you still I will always being
for the worst. Yeah, I will always be poor in
my head.
Speaker 3 (35:50):
Like if anyone's a Perth local THEO, I'll know I
grew up in the Gospel's armad i'le region. Okay, when
I say that I did not grow up with money,
I did not grow with money and my head, I
will always be that person, like I will never not
be poor. So like even as I have investments or
like my network changes in my head, that's not that
money's not real because I don't physically have it, which
also feels good because I never I'm not going out
(36:12):
and buying designer stuff. I'm not like doing anything fancy.
I literally don't even know no home, so none of
it's real until it's real. So I think it's until
I actually retire. I think that someone could tomorrow could
come along and take all my investments and go, hah,
you're kidding.
Speaker 2 (36:27):
That's not yours. Like it'sn't it crazy that we get
imposter syndrome investments as well? Like sorry, we thought we
could control ourselves. You cannot.
Speaker 3 (36:35):
Like I have an emergency fund, and I get scared
taking money out of my emergency fund, even if I
need it for an emergency.
Speaker 2 (36:42):
I feel like that's very relatable though, because so many
people message you see the messages from She's on the Money,
People are like, oh my god, I feel so guilty.
I used my emergency fund and more chat with you
will be like, oh my god, what for And they'll say, oh,
an emergency debt bill or my tire broke and I
had to get I'm like, hold on, hold on, can
we just backtrack? Is that not what that's what it
(37:03):
was for? Why are we feeling guilty?
Speaker 1 (37:05):
Though?
Speaker 2 (37:06):
Anyway, I think it's really really interesting learning about your
investment strategy. And I think the community is going to
have loved the openness because I think that it is
very hard for people, you know, to come on the
she's on the money platform and say well, this is
how much I invest, this is how I invest, this
is where I invest, and we want to go down
this route a little bit more in the future. So
(37:28):
if you've listened to this and you're like, oh my god,
I have an investing diary that I would love to share,
it can be completely anonymous, talk to me. Slide into
our dms. Doesn't have to be anonymous either, it's completely
on your term. So I would be sliding into our
dms because we want more content like this because the
only way, or from my perspective, you can read a
million things on Reddit, brook I guarantee that by listening
(37:50):
to stuff like this, you go, oh, it's actually not
that scary. I could do it. Yeah, I could do it.
I could do it. So, unfortunately, Brooke, that is all
we have time for today. I really appreciate how often
you have been with the community, and I just know
that they're going to be so obsessed with hearing from you.
And I think that learning about investing it can be overwhelming.
When you start at the start, it feels like you're
(38:12):
going nowhere. When you invest, even your first five thousand dollars,
you just go, well, what's that even going to do?
But consistency means that Brook can potentially retire by the
age of thirty five, which is very exciting. Guys, if
you have loved this episode, we would really appreciate it,
and our content team would really appreciate She's going to
give us a five hour review. So this was worth
(38:33):
my time exactly because it genuinely helps us bring you
more of the content that you love, and it lets
us know that you want more juicy behind the scenes
chats like this one. I know you're probably feeling all
kinds of inspired right now and ready to channel your
inner Brook and start building your own wealth. And you
know what, Brook and I, we've actually made that really
ridiculously easy for you. Yeah, and we've pulled together all
(38:55):
of our best investing resources into one spot on the
She's on the Money website and inside that She's on
the Money Investing master class. When Brooke said she had
to read nine investing books, it's because I'm crazy. It
was actually horrible. I did not want to miss a thing.
We did not want to miss a thing. I wanted
to make sure we dotted every single I crossed every
(39:15):
single tea if I was saying something, it had to
be fact checked twice. I'm going to link it in
the show notes for you and you can soak up
all of the knowledge to put yourself in the best
possible position. We will see you back here on Friday
for another episode. Bye guys by DearS.
Speaker 4 (39:36):
Did buy 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.
Speaker 2 (39:55):
Advice tailored towards your needs.
Speaker 4 (39:57):
Victoria Divine and She's on the Money are authorized representatives
of money. Sheper p T Y L t D A
B N three two one six four nine two seven
seven zero eight A F S L four five one
two eight nine
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