Ask Us Anything | Maddy & Sophie Get Personal…

Maddy: [00:00:06] Hello and welcome to you're in good company and investing, striving to disrupt the norms in the finance industry. I'm Maddy, and as always, I'm in very good company with my co-host, Sophie, and also once again, our producer, Sasha. Hey, hey, [00:00:21][14.7]

Sophie: [00:00:21] hey, hey. And that is [00:00:24][3.2]

Sascha: [00:00:24] so good to join you, too. I'm really enjoying being in the riding on your coattails for these two episodes. [00:00:31][6.2]

Sophie: [00:00:32] You're in some good companies where in good company is good. [00:00:35][3.3]

Sascha: [00:00:35] I should clarify, we're all in lockdown. So this is a virtual company, but not in [00:00:40][5.3]

Sophie: [00:00:41] any [00:00:41][0.0]

Sascha: [00:00:41] an actual person own company. But we're continuing, as with last week. If you joined us last week, I've taken over the airwaves. I've put a microphone in front of my face and I'm asking Maddie and Sophie all the questions that I've always wanted to know the answer to. And I also asked for some of your help by putting something on Instagram and Facebook, [00:01:03][21.6]

Maddy: [00:01:03] by hijacking and [00:01:04][0.8]

Sascha: [00:01:04] hijacking, as only I know how to do, and asking you what you wanted to ask Maddie and Sophie about. You're in good company, because I think sometimes we interview all these amazing guests and we get little titbits about what you two are like as people. But there's so much more we want to know. [00:01:23][18.3]

Maddy: [00:01:23] I'm so nervous for this. [00:01:24][1.2]

Sascha: [00:01:25] You shouldn't be. I promise. I won't ask any. I mean, that's what the editing is full, right? I get to take things at first I'm not taking anything out. [00:01:33][8.2]

Sophie: [00:01:38] But before we jump into today's episode, we would like to acknowledge and pay respects the hundred people of a nation who are the traditional owners of this land. We pay our deepest respects to the elders past and present and to the next generation who we hope to create a different future for. [00:01:51][12.9]

Sascha: [00:01:51] All right, guys, I'm going to jump straight in with a question that I know that Bryce of Equity Mates has said it is one of his favourite questions and he wish he'd stolen it. And it's good. And it's also one that every time you ask someone, they go, oh, that's really hard. I feel like [00:02:10][18.8]

Maddy: [00:02:10] I already know what you're going to ask, but I'm already dreading it. [00:02:13][2.6]

Sascha: [00:02:13] Yeah. So you've totally painted yourselves in corners here, but if you were a stock, what would you be and why are [00:02:22][8.4]

Maddy: [00:02:22] you putting this question back on me? Makes me regret asking it every single day because I feel like it's such a hard question to answer. But we will continue answering it because I love asking it, because we love the answers that we get. I think one company that I'm following at the moment, which I really love and unfortunately it's not a public company, so we can't invest in it. But it's called Plomley and it is a venture capital fund and it invests in forward thinking tech and health care companies that set out to improve our lives on the planet. The co-founders are two women and they're really incredible. And I really want to interview them on the podcast, but they also have which I really like. They have an investment criteria where I think it's that there's a the women founders or women co-founders of the companies that they invest in. I yeah, I think I've listened to the two co-founders on a few podcasts recently because I'm going through a bit of a phase and they are really cool women. So fingers crossed we can get them on the podcast at some point. [00:03:28][65.8]

Sascha: [00:03:28] So by saying this out loud, you're kind of trying to manifest it, [00:03:31][2.8]

Sophie: [00:03:31] manifesting, [00:03:31][0.0]

Sascha: [00:03:32] OK, we're putting it out there in the universe and hoping that someone comes back and says, I know them, I'll get them, Mushahid. It's going to be great. Sophie, who's your stock and why? [00:03:43][10.2]

Sophie: [00:03:43] I'm not as inspirational as Maddie, but I found out the other day that Maggie B-R, like, you know, the company that does like all the jams and the ice cream. I love [00:03:52][9.3]

Maddy: [00:03:53] Maggie. [00:03:53][0.0]

Sascha: [00:03:54] The best quince paste of all. Yeah, I was going to [00:03:57][2.7]

Maddy: [00:03:57] say, like chutney [00:03:57][0.4]

Sophie: [00:03:58] and also like Queen herself. Maggie. Bob, the food industry is public on the ASX. Nowhere's it's public. So I've decided I used to be Patagonia. The last time I was here, I was Patagonia. Everybody was cheese. By the way, [00:04:13][14.4]

Maddy: [00:04:15] I've [00:04:15][0.0]

Sophie: [00:04:16] come to the food industry. I've come to the food side. I want to be Maggie Beer. They've just posted some incredible profits. And I just love everything to do with Majuba, her food, the farm, the Barossa Valley. I would love to be travelling there right now. So that's who I am. [00:04:30][14.0]

Maddy: [00:04:30] I've actually been to a farm in the Barossa Valley and I can I can confirm it is beautiful. I love backpacking. [00:04:36][5.7]

Sophie: [00:04:37] Let's go, guys. [00:04:37][0.4]

Sascha: [00:04:38] That's amazing. I feel like ending the podcast right now so that I can just go and research, build a thesis. And my thesis is essentially I love her quince paste and if I love [00:04:51][12.7]

Sophie: [00:04:51] it, so does everyone else. [00:04:52][1.1]

Sascha: [00:04:52] Then surely everyone must love me. [00:04:54][1.5]

Maddy: [00:04:54] But, you know, investing can be that simple. [00:04:56][1.9]

Sascha: [00:04:58] I was just thinking about this and. I don't know if they're publicly listed at all, but Doritos, not Churchie, is honestly one of my favourite crisps. [00:05:08][10.3]

Maddy: [00:05:08] So he has got me on to [00:05:10][1.6]

Sophie: [00:05:10] Michu and like the. [00:05:12][2.2]

Sascha: [00:05:12] Oh, my God. Yeah, I was going to say so. Basically, my whole all my stocks are going to be food related. Bryce. Our next question from the community was how? Well, it's a two parter. Really. How old were both of you when you started investing? Is 19 a good time to start, sir. I want to hear your answers. [00:05:32][19.8]

Maddy: [00:05:33] I was 23, almost 24. I'm now twenty five. And I think any time is a great time to start. I think as long and I would preface that by saying, as long as you have built up an emergency fund and as long as you have the backing behind you so that you, I guess, follow the attitude that anything you put in the stock market is money that you don't need to access for the next however many years, then any time that you can get involved, the earlier the better. But it's also never too late. [00:06:06][33.2]

Sascha: [00:06:07] Yeah, absolutely. And Sophie, what about you? [00:06:09][1.9]

Sophie: [00:06:09] Yeah, I was 21, 22. I'm also now twenty five. And just echo Maddy's thoughts. Any is a good time. My little sister's 19 20 now at 19 or 20 one of the two and she's like starting thinking about investing and she's just thinking about putting in small bits just so she can start the learning process. It doesn't need to be the full on because she's also building up her emergency fund. But yeah, any time is a good time. [00:06:33][23.6]

Sascha: [00:06:34] This is my follow on question from that. Then, did you guys always know that investing was something you wanted to do or did you have an AHA moment or was it something that you are around and you suddenly what was that process? Because I think that so many of us come to it through different channels. And if you don't grow up in a family that talks about investing, then it can be really daunting to start. So what was your kind of process to learning about it? [00:06:59][25.0]

Sophie: [00:06:59] Yeah, I honestly never thought about investing. I didn't even think it was a thing I could do. But I mentioned it a million times before. It was my partner who pushed me into it. He was like, you're a smart person. You have a good job. Like, why aren't you putting money into the stock market? And because he knew about it, I felt comfortable doing it alongside him. I don't know if I would have done it without that push I might have later in life, but maybe I started a bit earlier because I did have the support. [00:07:26][26.6]

Sascha: [00:07:27] What about you, Matty? [00:07:27][0.5]

Maddy: [00:07:28] I think it's such a good point. I, I mean, so and I both did. I studied commerce at uni and we were studying or I was studying finance. And it never even occurred to me that investing is something that I should do. And I think my aha moment was I was starting full time work and I kind of had this thing where I was like, OK, now is a great opportunity to get my money habits in better order. And I actually just started listening to a few podcasts about money and I realised pretty quickly that investing was something that was going to be really important. So I started like listening to more podcasts about investing and I started listening, writing more and trying to learn more. And that was sort of my wake up moment. But it really happened over like probably a six month period in hindsight from like first realising that this first coming across my radar and then investing for the first time. [00:08:22][53.7]

Sascha: [00:08:22] But I just [00:08:23][1.0]

Maddy: [00:08:24] think it's so amazing that I went through five years of a commerce degree studying finance. And it never occurred to me that investing in the stock market was something that I could and probably should be doing. [00:08:35][11.8]

Sascha: [00:08:36] That's amazing. I know that personally, I was told my granddad invested a lot and he told me that I should do it. And I still didn't do anything like five years. And then I got the Barefoot Investor book and he talks about it a lot. And that was the first time that I thought that it was something that I could do. And and so I think sometimes don't be too hard on yourself, too, for not getting started early on. [00:08:58][22.1]

Sophie: [00:08:59] Yeah. A lot of our friends, you know, I've had friends and I never met has as well that have come to us and been like we've started investing because of the podcast. And I think it's the fact that they do have that little push they like, oh, we can see other people doing it. We now have a support system. Cool. Why not? [00:09:12][13.4]

Sascha: [00:09:12] So this is another question from the community, which I just love that they're just blatantly asking you your personal opinions on things. They just ask, what are your three bucket list items? Oh, my gosh, [00:09:23][10.2]

Maddy: [00:09:24] you guys are [00:09:25][0.7]

Sophie: [00:09:25] one that I know I want to do because I think about it pretty regularly, which is a bit odd. I need to jump out of a plane at some point in my life, [00:09:32][7.2]

Sascha: [00:09:33] as in like Sky, just [00:09:35][2.3]

Sophie: [00:09:35] like John, just out [00:09:36][0.9]

Maddy: [00:09:36] a parachute checking. Have you done that, Sash? [00:09:38][1.9]

Sascha: [00:09:39] No, and I never will. I'm just not you. My risk profile is low Lord owner. When it comes to adrenaline items, I would prefer to get a thrill another way. Any other one is basically. [00:09:54][15.3]

Sophie: [00:09:55] Well, I for a tiny bit of back I'll keep it very brief. But I used to be paid. Terrified of flying like anyone that knows me well, like I used to get onto planes and like have full panic attacks, cry for like 12 hours straight, like it was horrendous. And I went to a therapist and we dealt with that issue. No. Yes, I know. I know. [00:10:14][18.5]

Maddy: [00:10:14] I've known you for so long and I've never fully [00:10:16][1.9]

Sophie: [00:10:17] went to a hypnotherapist you to do like five sessions with her. Now I can get on planes. Fine. And I'm like, in my mind, I'd like to conquer this to really get over at one point in my life and to jump out of a plane. And my partner was actually going to buy it for me for a birthday. But he's like, but if you die, like, I don't want to be responsible. I was like, [00:10:32][15.7]

Maddy: [00:10:33] no, that's such a thing. I bought it for my brother's 18th birthday and after I bought it because for years and years and years, he said, Every year I've read back, what do you want for your birthday and say, I want to get skydiving. And I always was like, Mom would never buy it for him. And then when I turned 18, I was like, Oh, get him skydiving from my brother. And I went in. Soon as I bought it, I had this massive panic. I was like, what if he dies? [00:10:54][20.3]

Sophie: [00:10:55] It says, Yes, I know. I think I [00:10:57][2.2]

Sascha: [00:10:57] was just about to be like, is this when you tell us your brother died in a horrific skydiving accident? Because that's not OK. [00:11:04][6.5]

Maddy: [00:11:05] But I turned up to watch my cousin skydive one day and I literally was like, oh, come and just like watch you jump out of a plane. And that would be fun. And somehow from turning up, I ended up in the plane with her. It was the most stressful hour of my life. But you know what? Maybe it was the best way because I didn't have that list. [00:11:22][17.4]

Sascha: [00:11:24] I have to say every episode we have to put in it. This is not financial advice segment. But I really want to say now this is a not medical advice about my therapist as interested as I am, but also not skydiving advice. Like, please listen to us and go on your own risk tolerance. [00:11:43][19.3]

Sophie: [00:11:44] We don't want to be. [00:11:44][0.4]

Sascha: [00:11:44] So I want to know your other guy. OK, before [00:11:48][4.0]

Sophie: [00:11:48] we go to man. OK, so jump out of a plane. I really want to do the circuit around Everest, the bottom of it. I have no desire to go up it, but I want to go around it. And that's also conquering fear flying because that runway into Everest is like tiny. And the the final one, which I just so doubt this would happen. But I would love to meet the Obamas. I'm just obsessed with Barack and Michelle Obama on Instagram. It's great content. They seem like funny people. And I just would love that that's manifesting. [00:12:18][29.9]

Maddy: [00:12:19] Then, come on. Yeah, we're just getting a show on. I'd be OK with that. Mine would be learn to surf every summer. I say I went on surf and then I get too scared and I come up with every excuse under the sun. I just have a real fear of being dumped. But I really want to learn to surf. I want to live in Italy for a year and I really envisage it with like young kids, just like forget our lives in Australia, pick up, move over to Italy. And it's like live in this small village. I've got this real idea. It's going to [00:12:50][30.8]

Sascha: [00:12:50] have you looked under the Tuscan sun too many times? I've never [00:12:54][3.1]

Maddy: [00:12:54] seen that. Oh, I know what I'm watching tonight. [00:12:56][2.3]

Sascha: [00:12:57] Now I feel really old. [00:12:58][1.4]

Maddy: [00:13:00] And my third bucket list item is to find the world's greatest omic. Oh, yeah, [00:13:05][4.7]

Sophie: [00:13:06] that's a good one. I had a good run the other day currently. [00:13:08][2.0]

Sascha: [00:13:09] What's your favourite almond croissant in Melbourne for us? [00:13:11][2.7]

Maddy: [00:13:12] Melbourne based Say Learn is currently the best. How to yesterday. [00:13:16][4.7]

Sascha: [00:13:17] Yeah. Pretty good try. OK. [00:13:19][2.1]

Sascha: [00:13:23] This is another one that I think I'd love to hear your thoughts on what is the best thing about doing a podcast? [00:13:28][5.1]

Sophie: [00:13:29] Honestly, for me, it's when I hear people tell me that they've started investing because they've listened. That really gives a lot of joy because it's it's exciting that, you know, people are learning about the process and that we're helping with that wealth inequality gap. And, you know, that people in the future are going to have funds to do whatever they want to do. You know, whether it turns out to not work to you start a business. That's what it really excites me about doing this podcast. [00:13:53][24.1]

Maddy: [00:13:54] Yeah. I mean, I would completely reiterate everything I've just said. I think that's so true. And nothing gives me more joy than when someone messages me saying I just invest more because of listening to the podcast. But I think just to, I guess, add on that or give something different, I think I talked before about how I studied finance for five years, and I never it never even occurred to me that investing would be something that I would do. And I think that one of the biggest reasons why we have this kind of like inequality in financial markets or, you know, not enough people investing in general is because we don't have the conversations about it. And I think doing this podcast has just like really opened up the dialogue about this topic. And I just love the conversations that I now have with people and also hearing about all the people talking about it with their friends or family when it's not something they ever would have discussed previously. That really makes me happy, because I think, you know, Khloe NewBay, Investa said once she started investing, it was like the greatest untold secret. Once she started, she realised everyone around her was doing it, but she just had no idea because she wasn't doing it. She wasn't talking about it. And I think it's just one of those things that, like, really gains momentum from conversation. And the more you hear about it and the more you talk about it, the better it is. So I think that's probably my favourite thing. [00:15:18][83.6]

Sascha: [00:15:18] That's awesome. I've kind of got a two parter coming up as my next questions or someone from the community ask them. And fast is like, how did you form the partnership with Equity Mates? And then from that, obviously, was that part of the motivation for starting your company or did that naturally flow out of that conversation with Equity Mates? Can you tell us which came first, the chicken or the egg when it came to that? [00:15:43][24.1]

Maddy: [00:15:44] Yeah, I think so. I started investing because I listen to Get Started Investing feed and then not sort of fed me into listening to Equity Mates. And I really loved the podcast, joined the Facebook community and just loved everything that I got out of that. And then in the Facebook community during covid last year, the guys did this post saying that they were leaving their full time jobs, taking Equity Mates full time. And like it was essentially saying, like, get in contact with us if you're interested in, like, joining the team or have any ideas or whatever. So I reached out to them thinking that maybe I could get paid to research because I was like, I love writing the news. I love knowing I've I've really developed this, like interest in learning about this kind of stuff. And I was like, oh, maybe I can get paid to do this. And that would be a really great outcome. And I jumped on a call with the guys and all of a sudden, like, they asked me if I invest. And I was like, look, I do, but none of my friends do. And it really frustrates me and blah, blah. And it kind of it grew in momentum, this conversation. And we kind of got to this idea that we may or like we should have a podcast about investing that's run by women, because at the time, there really weren't many of those out there. And it kind of, you know, it went from there. [00:17:04][80.4]

Sascha: [00:17:05] And so what point did Sophie come to the table? Because at the [00:17:09][4.0]

Sophie: [00:17:09] end I go to Covid, MediaOne, like, hey, [00:17:11][1.9]

Sascha: [00:17:12] so I might have just signed up for yeah, [00:17:14][2.0]

Sophie: [00:17:15] she's like, I need it. [00:17:16][0.7]

Maddy: [00:17:16] It's like we're in lockdown and how are you going? Let's just, like, catch up, by the way. [00:17:22][5.4]

Sophie: [00:17:23] So a bit of context like that. And I've always kind of been those people that we see each other like twice a year. But like every time we see each other, like we get on like a house on Pilo, we're like sisters. And we always had said to each other that if we ever started a business, we would do it together because like Maddie's just super organised. I don't know what I bring to the table, but like I is just to well, guys. And so when she called, she's like, so I've got the business. She's like, do you want to be on a podcast? I was like, and we both said like, but AllVoices like you, I don't want to listen back to that. But I feel like I've always been super passionate about, like female education. I used to work with an organisation called One Girl, and so it just and I was investing. So it kind of just found that perfect fit. We both could speak about it because we had our experience and just very passionate about educating females in the space. [00:18:11][48.8]

Sascha: [00:18:13] That's awesome. Next question for the community. Biggest investing lesson so far. That's a big one, [00:18:19][6.2]

Maddy: [00:18:21] I would say. Don't let being perfect, don't let perfection be the enemy of the good. I think for me, it took me a lot longer to get started than it should have because I was worried about finding the perfect broker and a perfect investments. And I just wanted to do it perfectly. And I think the best thing to do and what I know in hindsight, looking back at that experience, was just just to get started and just to get going. And you learn along the way. [00:18:47][26.3]

Sophie: [00:18:49] Yeah. And I would just I would definitely say what my dad said. But also do not take stock tips, dear. You're right. It's so it's like some people are so put off by research, but it's so it's like it's interesting. And then you can have that conviction when the market changes that you're happy with what you're invested in, people come and they're like, oh yeah, I invest in this because someone else did. But then it all crashes like why? And it's like, well, you should know, like you should be, you know, you should research and understand and have your conviction. It's just so important. It doesn't need to be super expensive. You don't need to look into all the numbers and everything. You need to know why you're invested in that and what companies are invested in, especially when you're picking ETFs. [00:19:29][39.8]

Sascha: [00:19:31] I love that advice, Sophi, because I remember listening to Equity Mates when they did a special on a beauty and Bryce was like, oh yes, or for some research. I ordered some stuff for my partner. And I was like, you can do that. Like, I can use this as an excuse to buy stuff. Yeah. [00:19:51][20.8]

Maddy: [00:19:52] And then be like, oh, it didn't make it right. [00:19:56][3.4]

Sascha: [00:19:56] Yeah, exactly. It didn't arrive in the before, but you know it the box didn't come in this shape and that just blew my mind. I was like I could stop buying stuff and be like, yeah, it's market research. This is my research, my investing. [00:20:08][11.9]

Sophie: [00:20:09] Well that's like analysts do, like if you're actually, you know, a stockbroker like half of Europe, actually, I don't even I don't want to say half of your job, but some of your job is actually going to like stores and like looking at stock take and saying how many people are in the store? Like, that's what we always say. Look around, you see what's happening. If something's popular, buy into it. [00:20:26][17.6]

Maddy: [00:20:28] I was chatting to my brother the other day about investing and we were talking about like what we've invested in recently in different stocks. And he was saying that he invested in a particular company because he uses that all the time. And that was literally his thesis. And he was like, I was like, what about this one? And it was a competitor. And he was like, well, I don't use it. I don't think my friends do that. And I was like, so practical like it, but it's so true. Like, you just have to look around you. And I mean, I think, you know, at the end of the day, a lot of the time where the consumer and where the customers are, what we're doing is what makes sense. [00:21:02][34.4]

Sascha: [00:21:03] Yeah, actually, that's such good advice because I remember when I first started working in radio and Adobe went onto a subscription model at the same time. So this is going to be like ten years ago. And then when I was going to this whole process of being like invest in what you use. And I went back and looked at the Adobe stock price from ten years ago. And I'm like, if I just bought some Ren, yeah, I'd be doing pretty well by now. But it was that thing of, like, I use it every day. I would never dream of going to another product because I'm entrenched in how to use that one. It's the most practical. They've locked me into a subscription. Deqi Now I'm never going to get anywhere else, but yeah. No choice. Yeah, exactly. I just need the Kamba, I need the disrupter of ordinary now to come along and so I can jump and be the first mover onto that. So this is something I was going to ask. So I'm glad someone from the community has jumped in and asked for me, why do you guys invest? And I think specifically like this idea of when people say, oh, you need to have an investing goal. And that I think is thrown around all the time. Do you do you have short term, medium term and long term goals? And have you have those changed? Like did you start investing, thinking that you wanted one thing? And is it something different now? And how did you come to make those decisions for yourself as well? [00:22:29][85.8]

Maddy: [00:22:31] I think for me, I have an overarching goal that sort of applies to my short, medium and long term. And that is, I guess, to have the financial freedom to do what I want and not have money, be a really lack be a stress in my life and to be something that forces decisions that I don't want to make. And I think money can be really stressful. And that's not something that I ever want to have to deal with. I think I guess more specifically, in the short term, I would say my money goals is like to be able to make career decisions without having to worry about money. So if it means, you know, leaving my job for a while to take up a really good opportunity, because it's what's right for me in the moment, I want to be able to do that. Or if it means taking a job with the lowest salary because I want it and it's the right thing to. I want to be able to do that, and then I think in the medium term, it's probably to be able to buy a home like I don't know for sure that property is something that I do want to invest in, but I think I want to be able to have hopefully the option to do so when I feel ready, if that is what I decide at the time. And then long term, it's really just about a lock, I guess, tie back into that overarching theme. It's like live how I want and not have to make decisions based on finances. [00:23:51][79.5]

Sascha: [00:23:52] Sophie, what are your thoughts on that? [00:23:53][1.3]

Sophie: [00:23:54] Yeah, short term, sometimes when we say you need to make a goal, it can be hard to really think about what that is. So short term, it can just be like, I want to put in five hundred dollars a month or, you know, at the end of three years time, I want to have this much principal amount in the stock market. So for me, I actually created a figure at the end of five years that I want to have put in, like not including the return, but just that I want to have put in. And I think that's really keeps you on track to now investing every month after I built up my emergency fund mid-term. Same thing. Buying a house, hopefully. You never know. I do love avocados, so I don't know if that's going to take us or not or very low rates. And yet the law, the long term is definitely just to totally have financial freedom. If I'm in a job that I'm unhappy with, to be able to jump out of it and do something else, to start a business, to take time out, to be a mom, if that's what I decide to do, just to have money there. So I feel secure and I can be happy with my choices and not be tied to a salary from a job. [00:24:57][63.0]

Sascha: [00:24:58] Absolutely. And I think it's really refreshing to hear you guys talk about having different types of goals as well, because so often you just hear people being like, I really want to buy a house. Yeah, I know definitely that. Like, because I'm a bit older than you two [00:25:10][12.6]

Sophie: [00:25:11] are that much older. Come on. [00:25:13][1.8]

Sascha: [00:25:14] I know I've got really good skin care regime, so I don't look too old daily. [00:25:19][5.0]

Sophie: [00:25:19] I got lots of celery juice. [00:25:21][1.3]

Sascha: [00:25:22] Hey, when we're talking about companies we want to invest in, the second go to goes public. I am buying the shares. I'm so excited. But I know for me I've always worked in the arts. So coming across into financial, what we say education and podcasting has been a bit of a left hand turn for me. And so in the arts, like, again, I'm I'm getting I'm using specifics to demonstrate it. But really you're not going to earn more than eighty thousand and that's in like a top job as, like at a manager or CEO level. And so investing was a way that I could siphon off like a small amount of my salary. That meant that I wasn't capping my earning potential as an individual. And I was thinking about it from the perspective of like, well, I can have this goal and I can be wanting to be the top of my field in the arts and in that kind of creative field. But it doesn't mean that I need to be going down that traditional path of like a parents being like don't do a music degree, you'll be poor and you'll never be able to afford anything. And I actually like by just taking control of my finances when I was quite young and really trying to investigate different opportunities, it allowed me to quit my job. When I was really unhappy with it, it allowed me to move overseas. It's just always been like a small amount of money that's given me that security to make risky life choices that I really wanted to make at the time. It hasn't made me I'm not a millionaire and I don't really have a huge amount of money, but it's just always been investing for that short period of time. It's just given me that personal sense of security. So I think, like, it's been really important for me and I'm excited to see what if it's only given me that in six years? What will it give me in the next twenty, which I think is a really cool thing to think about to [00:27:11][109.3]

Sophie: [00:27:11] personal freedom, to do what you want to do with your life. Everything is so tied to money and when you invest, it can just be a little less stressful. [00:27:19][7.6]

Maddy: [00:27:20] Sorry, I'm feeling like super inspired by that. Oh, so you just articulated that so beautifully. I like Maddie's cross reference. [00:27:28][8.1]

Sophie: [00:27:28] It just got tears in her eyes. [00:27:30][1.6]

Sascha: [00:27:32] Well, I just think like we where it podcast for you guys are podcast for everyone. I know that you are both very conscious about this, that you don't, that you want to make sure that everyone's feeling welcome to the party. But I do think one way of thinking about gender gaps and can women have it all in in quotation marks, it's like, well, you know, we can do things to help us have it all. We might not be able to have it all, but it doesn't mean we can't do our best to try. Yeah, but I think I've learnt so much about you, too. I'm so excited. I had no idea about your fear of flying so well. [00:28:06][33.5]

Sophie: [00:28:06] It's pretty much pretty much a now. But yeah, it [00:28:09][2.7]

Maddy: [00:28:09] was still shock about the hypnotherapy. [00:28:10][1.6]

Sophie: [00:28:11] Oh I know. I can't ask any of my family members about experiences with me on a plane. It'll be traumatic for you. [00:28:17][6.0]

Sascha: [00:28:18] Wow. I've always wanted to ask someone if that worked. So that's just really. Exciting to know and but it's been such a pleasure hanging out with you guys, especially in lockdown. [00:28:26][8.1]

Sophie: [00:28:28] Thanks so much for being our little narrator today. Instagram is why at YJ podcast, Tik-tok is at Wijk podcast, [00:28:38][10.9]

Maddy: [00:28:39] Facebook is so why [00:28:41][1.2]

Sophie: [00:28:41] JCA Investing Podcast, Discussion Group, What's going [00:28:45][4.1]

Maddy: [00:28:46] on [00:28:46][0.0]

Sascha: [00:28:46] and emails, email contact is in the show notes and drew. Com. Just because we've just done these two episodes on offcuts anything doesn't mean that Sophea many don't want to answer your questions. They are very involved in all the social media groups. So if there's something that I fail to ask them today, Carmen, just ask them personally and I'm sure they'll jump in at some point and share. [00:29:10][23.5]

Maddy: [00:29:10] We definitely will. Thank you so much. [00:29:10][0.0]