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Community: Lucinda Price (Froomes) on trying to make $1m in a year

HOSTS Alec Renehan & Bryce Leske|28 June, 2021

Today we open our guest mic and welcome a true icon to the Get Started Investing studio – it’s Lucinda Price, who’s otherwise known (especially on instagram) as Frooomes. Lucinda is super busy, working as a comedian, and busy as the CEO of FROOMESWORLD, an international one-woman business specialising in scripting, producing, presenting and editing original content. For those who follow her Instagram, you would have lived the highs and lows of crypto with Lucinda, as a $500 punt ended up as something significantly larger… Lucinda also hosts a podcast, called: ‘Where are all the baby pigeons‘.

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Any views expressed by the podcast host or any guest are their own and do not represent the views of Equity Mates Media or any other employer or associated organisation.

Always remember, all information contained in this podcast is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. The hosts of Equity Mates are not financial professionals and are not aware of your personal financial circumstances. Before making any financial decisions you should read the Produce Disclosure Statement (PDS) and, if necessary, consult a licensed financial professional.

Bryce: [00:01:40] Welcome to get started investing in this podcast. We cover all the basics that you need to start your investing journey. However, if this is the very first episode that you have joined us, we suggest going back to the start of the feed as it is designed to go from the very beginning. Don't let us stop you, though, if you want to dive in. We've got a great episode coming up. But then do go and listen to those 12 episodes from the start. Here at GSI, we unpack all the jargon, the confusing bits, hear your investing stories with the purpose of having some fun along the way as well. My name is Bryce and as always, I'm joined by my Equity Mate Ren. How are you going? [00:02:14][33.4]

Alec: [00:02:14] I'm very good Bryce very excited for this episode. We're going to be covering a lot of topics that people are interested in. Crypto trying to make a million dollars with someone that a lot of people will be familiar with. [00:02:28][14.0]

Bryce: [00:02:28] Yeah, this is part of our community series where we're going to have conversations with members from the Equity Mates community about their investing journey. And it is our pleasure to welcome to the studio, Lucinda Price! [00:02:38][9.2]

Lucinda: [00:02:40] Thank you, boys. We're in a very hot room [00:02:45][5.6]

Alec: [00:02:47] So people watching us on video, we might start sweating. [00:02:50][2.3]

Lucinda: [00:02:51] This is actually a thermal [00:02:52][0.7]

Alec: [00:02:56] or it could be a very quick episode. [00:02:57][1.1]

Bryce: [00:03:00] So you're otherwise known you're an Australian comedian, otherwise known as Froome's on Instagram. So head over and check the cinder out. It's F r triple o m e S Freund's well CEO of Froome's World. So head over and follow her. And also, as of today and we were recording this on the 10th of June, a proud podcast host. [00:03:25][25.2]

Lucinda: [00:03:26] Yes, I'm one of you. Welcome to [00:03:28][2.6]

Bryce: [00:03:30] your podcast. Where are all the baby pigeons? Has just released. That's an exciting day. Remember our first podcast launched. [00:03:36][6.7]

Alec: [00:03:37] Do you remember, [00:03:37][0.2]

Lucinda: [00:03:38] though, know where we bring our home? Yeah. [00:03:42][4.4]

Alec: [00:03:43] The first episode we recorded on the balcony of Brice's share house. Birds tweeting in the background. One microphone on the table between us. Terrible. Terrible. [00:03:53][9.9]

Lucinda: [00:03:53] Yes. [00:03:53][0.0]

Bryce: [00:03:56] So before we jump into your investing journey, your crypto journey, what is where all the baby pigeons about? [00:04:02][6.0]

Speaker 5: [00:04:03] So the name is ridiculous. It's a podcast with Nova and they'd already chosen the name like before I came on. Oh, I didn't really have a say because when you say, where are all the baby pigeons, it's quite a not even tongue twister. There's a lot of words. So we'll see how it goes. Hopefully they will find it. But it is a podcast all about life's everyday mysteries. OK, so is the Bermuda Triangle real? [00:04:27][24.4]

Lucinda: [00:04:29] Can you tell us? Yeah, that is of course. [00:04:32][3.2]

Speaker 5: [00:04:35] Well, like, for example, with that one I would interview like scientists as well as conspiracy theorist. [00:04:41][5.9]

Lucinda: [00:04:42] OK, cool. [00:04:42][0.4]

Lucinda: [00:04:43] So I didn't actually get a definitive answer, but I did get a definitive answer on whether or not period's sync up. OK. I don't know if you have girlfriends. Yeah. Yeah. The females, almost all women think that they sync up. Yeah. And they don't really confirmed. They don't. OK, yes. [00:05:00][16.9]

Lucinda: [00:05:00] They go. Well don't ruin all of that. That's good. [00:05:06][5.5]

Bryce: [00:05:06] So tune in where all the baby pigeons and. Yeah, we'll discuss a little bit about that later on. However, for those of our community who don't know who you are, are you able to give a bit of a brief background on on what you're currently doing and your journey to date? [00:05:21][15.2]

Lucinda: [00:05:22] Of course. So I'm a comedian, and yet most of my stuff is on Instagram. I feel like I've invested all of my time and energy into Instagram, like I'm on it every single day doing stuff. I started off my career working at interning at Southern Cross Austereo because I wanted to be a radio announcer. And then I worked a pedestrian TV for about four and a half years. Then I got made redundant. [00:05:46][23.8]

Lucinda: [00:05:47] All right. [00:05:47][0.2]

Lucinda: [00:05:49] I'm in the middle of the year last year with covid. So then I had to, like, get cracking and just start my own business. So I registered Frome's world the next day and just kicked off doing freelance creative work. And I've kind of been very strategic in making it a business and not going out as a freelancer. And I found that's quite helpful. [00:06:09][20.1]

Bryce: [00:06:09] Yeah, in what way? Like, what have you been doing? [00:06:12][2.4]

Lucinda: [00:06:13] So I've been making videos. I sort of pitch myself as a director. A producer, a writer, a comedian, all of it, because a lot of the people that I admire, they kind of just take these titles and then it comes. [00:06:24][11.7]

Lucinda: [00:06:25] Yeah, like yeah, yeah. That's where we are. Yeah. [00:06:29][4.3]

Lucinda: [00:06:35] But it's a thing because you really are like you guys are the CEO of Equity Mates, your co CEOs. [00:06:39][3.8]

Alec: [00:06:39] Yeah, yeah, I guess so. We haven't really discussed titles yet. Maybe we should, we'll do it offline. [00:06:44][4.7]

Lucinda: [00:06:46] But you're right. It's like small business entrepreneur. [00:06:48][1.7]

Bryce: [00:06:49] Yeah. [00:06:49][0.0]

Lucinda: [00:06:50] Yeah. I pick it up as you go. That's why I [00:06:51][1.4]

Alec: [00:06:51] keep introducing myself as billionaire. [00:06:53][1.2]

Lucinda: [00:06:56] I'm seeing you as creative director. Okay. I don't know. Just the [00:06:59][3.1]

Lucinda: [00:06:59] vibe. Yeah, yeah, yeah. [00:07:00][0.8]

Lucinda: [00:07:00] The way you look and I'm seeing you as CEO, say CEO. [00:07:05][4.3]

Lucinda: [00:07:05] Is that the chief commercial operator. [00:07:07][1.8]

Bryce: [00:07:08] Chief operating [00:07:08][0.3]

Lucinda: [00:07:08] officer. Chief. Commercial, commercial or is it? Yeah, CFO, chief financial officer. That's the one. [00:07:16][7.4]

Alec: [00:07:16] Yeah, Bryce is a local trader. [00:07:18][1.9]

Lucinda: [00:07:18] You pretty much [00:07:19][0.4]

Bryce: [00:07:19] got it right. I take care of the books and pay Ren salary [00:07:21][2.5]

Lucinda: [00:07:23] to the content. I know. Yeah, well, there you go. [00:07:28][5.1]

Alec: [00:07:28] I create the value Bryce monetise. [00:07:30][2.1]

Bryce: [00:07:33] Well, speaking of monetising, we've been following your quest on Instagram to try and make a million dollars. And I assume that happened post a redundancy or at the start of and 2001 either. Where was it? [00:07:47][13.6]

Lucinda: [00:07:47] I think it was probably three months into being made redundant. I decided I need to write down goals. So I had three goals. Go on, get a book deal. I can't give anything away, but we're en route. [00:08:03][15.1]

Lucinda: [00:08:03] No size, [00:08:04][0.8]

Lucinda: [00:08:05] no to make a song. And I made a song with Jeff and Flynn premiered on Triple J. [00:08:11][5.4]

Alec: [00:08:12] That's not just making a song, that's making a song with [00:08:15][2.5]

Lucinda: [00:08:15] some pretty big be like if I'm [00:08:20][4.7]

Alec: [00:08:20] going to get a book deal and then you write a book with like J.K. Rowling. Yeah. [00:08:24][3.3]

Lucinda: [00:08:25] She said, can't reveal anything. Harry Potter said [00:08:30][4.9]

Lucinda: [00:08:32] no. And then the last one was making a million ago. And I genuinely believe it could happen because let's we're going to do it from financial year 20 to 20, you know, 21 to 22 [00:08:43][10.9]

Bryce: [00:08:43] after twenty 21 to twenty [00:08:44][1.0]

Lucinda: [00:08:45] two. Yeah. That's what I'm giving myself. OK, so I guess we're starting in a month. [00:08:50][5.1]

Lucinda: [00:08:50] Yeah. [00:08:50][0.0]

Bryce: [00:08:51] Yeah, yeah. And so it's pretty. I think the goals write a book and write a song are probably you can put the steps in place a little easier then make a million dollars. And this is where a lot of fun started happening on your Instagram around how to actually do that. And this is where your investing journey started. [00:09:09][18.6]

Lucinda: [00:09:11] It did. It did. Because doing what we do, there is a lot of money in it, like you guys are staring down the barrel of a fruitful future if you keep this up, especially podcasting, [00:09:20][9.8]

Bryce: [00:09:21] because you point to the barrel, [00:09:22][1.1]

Lucinda: [00:09:23] right? I'm not saying it. [00:09:26][2.4]

Lucinda: [00:09:27] I just believe you just got to believe. And so when I got made redundant, I just assumed that I was on track to get like some sort of radio gig or like go on the Today show and make three hundred grand a year kind of vibes. But it didn't happen. So and I had to think, fuck, I've got to get in this investment train. I have friends that work in finance and I've always had a weird preoccupation with people that work in finance, like I really take the piss out of them, but I'm secretly jealous because I could never do it. Yeah. So I start asking them guys like I need to invest this year because I saw that. Yeah. It's actually quite hard to make money. [00:10:03][36.5]

Lucinda: [00:10:04] Yeah. Yeah, I think. [00:10:06][2.1]

Bryce: [00:10:06] Ninety five percent of fund managers don't even outperform the index. So I mean they make money but they, they're no better than the market. [00:10:13][6.8]

Lucinda: [00:10:14] So I really don't understand what that means. [00:10:15][1.6]

Lucinda: [00:10:16] That's fine. [00:10:16][0.4]

Bryce: [00:10:17] It means like, you know, if you took all of the stocks on the Australian Stock Exchange and tracked the average movement, the idea of paying a professional manager is for them to actually beat the performance of all of them. But ninety five per cent of them actually can't do that. And so there's a big challenge around, well, why would you even pay someone to manage your money if they can't generally be better than just investing in the entire market savages? [00:10:45][28.2]

Lucinda: [00:10:47] JP Morgan is quaking fund managers. Right, right. Yeah. So, yeah, I would I started kind of like asking them questions. Guys, can we sit down, have a dinner, I'll cook you dinner. Let's talk about investing. It never happened. So I thought I need to take this into my own hands. And what I've just what I found working and also in my life generally is that only things only happen if you start them. [00:11:13][25.7]

Bryce: [00:11:13] Absolutely. [00:11:13][0.0]

Lucinda: [00:11:14] So I thought, I've got this audience on Instagram and I know a lot of them are in finance. So I thought, I'm going to put 500 dollars down and say, hey, guys, I've got five hundred dollars and I need to double it by the end of the week. You start [00:11:27][13.0]

Lucinda: [00:11:27] small. Yeah, start small. [00:11:28][0.9]

Lucinda: [00:11:29] And all of these suggestions were coming in like throw it all on a flight to Brisbane and then like put the rest on black and all this stuff. And I genuinely considered it like I started looking at flights for Brisbane Dollar and then someone. [00:11:41][12.4]

Alec: [00:11:42] Why would you need to fly to Brisbane to go to a casino? [00:11:44][2.0]

Lucinda: [00:11:48] I don't that is a great, great point. [00:11:51][2.6]

Lucinda: [00:11:52] Anyway, so exact that and someone slid into my dad's and said crypto and gave me this really specific route of how I should do it. I thought, that's interesting. So I message this guy back and I was like, what's been Antz Finance. [00:12:06][14.0]

Bryce: [00:12:06] Finance. Yeah. [00:12:07][0.5]

Lucinda: [00:12:08] And what is this crypto you're talking about? And. Blah, blah, blah, and he talked me through it and he was sending me selfies at the same [00:12:16][7.7]

Lucinda: [00:12:16] time, OK, [00:12:17][0.4]

Lucinda: [00:12:18] which like I think was him being like, this is legit, like I'm a person, [00:12:22][3.9]

Lucinda: [00:12:23] OK? All right. [00:12:23][0.6]

Lucinda: [00:12:24] And he was a New Zealander living in Miami. That's all on you. OK, so with his guidance, which I didn't really make clear on my Instagram, because I guess part of the journey was that I wanted to show people that, like, you can do it. So showing people the steps. Yeah. Which is what I do actually with a lot of my content. I just get people to tell me what to do and then I like package it as [00:12:44][20.2]

Lucinda: [00:12:44] a friend as well. [00:12:45][0.5]

Lucinda: [00:12:46] So he basically said, get on finance, put your 500 dollars into it, then pick a coin. That is a main coin. So in the back of my mind, I'm thinking he probably knew that I was going to post about it. People might have jumped on it. Yeah. And then I did it and I found this coin. He sent me this list of coins. One of them's called Rotten [00:13:07][21.5]

Lucinda: [00:13:10] of that [00:13:11][1.1]

Lucinda: [00:13:12] and a few others. But one of them was called Come Rockit. [00:13:14][2.3]

Lucinda: [00:13:15] Yes, I've heard of that one from my Kambiz. Yes. [00:13:19][4.5]

Lucinda: [00:13:21] And I looked into it and it was really interesting for me to look into because it opened up what crypto is to me. So I know a lot of crypto like Dogecoin. Does it have an actual business plan? [00:13:32][11.2]

Bryce: [00:13:33] No, it was a namecoin. [00:13:34][0.8]

Alec: [00:13:35] Dogecoin was made as a joke. Yeah. Yeah. [00:13:37][1.8]

Bryce: [00:13:37] Well, there's nothing behind it except now Elon Musk and his 54 million Twitter followers. [00:13:43][5.1]

Lucinda: [00:13:43] Yeah, yeah, yeah. I think I think [00:13:44][1.3]

Alec: [00:13:44] one of the two creators, Australia as well of Dogecoin. Yeah, yeah. And he was like, I did this as a mistake because literally [00:13:50][6.0]

Lucinda: [00:13:51] and now it's [00:13:51][0.5]

Bryce: [00:13:52] one of the biggest coins. Yeah. [00:13:54][1.7]

Lucinda: [00:13:55] Well do you know because it actually started as a payment on Reddit Doge. Yeah. So people would do post and then in this little like finance like Reddit bro community, they would give each other dogecoin and they were kind of I think they were the first ones to then like inflate it. And the rest of the world got on. [00:14:13][18.0]

Alec: [00:14:14] These are the power of Reddit. [00:14:15][1.5]

Lucinda: [00:14:16] So did you go Doege? We'll get to that. Okay. I'm sorry. [00:14:19][3.8]

Lucinda: [00:14:20] Bryce bought at the peak and, um, I looked into some rocket and had a thing called what. A white paper. [00:14:28][7.8]

Lucinda: [00:14:28] White paper. Yeah. [00:14:29][0.6]

Lucinda: [00:14:29] Which do you want to describe what that is. [00:14:30][1.4]

Bryce: [00:14:32] It's just a piece of white paper. [00:14:33][0.8]

Alec: [00:14:37] As you can say. Bryce is not the comedian. [00:14:38][1.6]

Lucinda: [00:14:42] It's like it's famous [00:14:42][0.6]

Bryce: [00:14:43] for its existence really. It's why and what it is written by generally the the creators. [00:14:49][6.0]

Lucinda: [00:14:51] So it had one of those and I realised that's quite a big deal. And the founders were doxa. So on the website they had whoever's in the team for some rocket. So if they're going to steal people's money, it's going to be embarrassing. [00:15:03][12.5]

Lucinda: [00:15:04] So, oh, [00:15:05][1.0]

Alec: [00:15:05] is that is that I didn't even realise that's an important thing. Well, I think it's anonymous. So you like Stayaway? [00:15:10][4.3]

Lucinda: [00:15:10] I think so. But I also [00:15:11][0.9]

Bryce: [00:15:12] think Dock's means that they this could be completely wrong. So please don't cancel me if you're out there. But I think it means that the creators coins are burnt and theirs is actually in the universe. They can't. Yeah, just pump and dump, shut it down and take their cause. [00:15:29][17.6]

Alec: [00:15:30] It's the whole rug pull thing. [00:15:31][0.9]

Bryce: [00:15:31] Yeah. It's it's to prevent a scam from the creators. Just pumping it up, shutting it down, running off. [00:15:37][6.2]

Lucinda: [00:15:37] When you said you said [00:15:38][0.9]

Alec: [00:15:39] I think when you said please don't cancel me for this, I thought you were going to say something a lot more controversial. [00:15:43][4.2]

Lucinda: [00:15:44] But that's my level of. Yeah, right. You're very paranoid about it. You've got to be. Yeah. [00:15:51][7.1]

Lucinda: [00:15:52] Especially when you're dealing with some rocket. So come Rocket was a cryptocurrency with a purpose. So it is a token that you can use to pay six stars. [00:16:05][12.9]

Lucinda: [00:16:06] OK, people [00:16:06][0.5]

Lucinda: [00:16:06] performers online perform. [00:16:07][1.0]

Alec: [00:16:08] So is it like only fans but crypto. [00:16:09][1.7]

Lucinda: [00:16:10] OK, exactly. So I thought that's a really interesting idea. And this was kind of like happening when the next conversation was popping off. And obviously I was interested in NFTE because you would actually you would kind of understand if you don't if you don't bring brand sponsors and you're making online content, you know, making money. Yeah. So I was like, yeah, I want that. So, yeah, that's really interesting. And then I started posting about it and I started posting about all the steps that I had to take to get the crypto because it was quite confusing. Anyway, I started posting about it, started going up, and every time it went up, I'd be on my Instagram like, holy fuck, it's going up. It's going up. And I was genuinely excited. Like, I didn't think anyone else was going to jump on it, really. And I was getting all these dams at the time of people in covid being like, I made all this money and covid on these ridiculous coins. I'm so excited to see you're doing it. Anyway, I bought it four point zero zero eight cents at a time of selling. It was twenty cents. [00:17:08][57.6]

Lucinda: [00:17:08] Yeah, I was happy. [00:17:09][1.0]

Lucinda: [00:17:10] So it's like a. Who it was up by like 280 times, 290 percent, [00:17:15][5.6]

Bryce: [00:17:16] yeah, they'll be up more than 280 times. Yeah, 200 times, which had be in the thousands, [00:17:20][4.2]

Alec: [00:17:21] a fraction of a cent to 20 cents. Yeah, yeah. Yeah. [00:17:23][2.5]

Bryce: [00:17:24] So you would have made. A lot of nice chunk of money. [00:17:27][3.2]

Lucinda: [00:17:28] Yes, well, on paper, I would have made fourteen thousand five hundred. [00:17:32][4.0]

Alec: [00:17:33] Yeah. On paper. [00:17:33][0.7]

Lucinda: [00:17:35] Yeah. Oh no. Oh, no. All right. I have fun. [00:17:39][4.0]

Lucinda: [00:17:39] Oh, yeah. So when when I hit like 8000, I was like going to take a chunk out of this, take a chunk out, took it out just to see what I was doing. And then it kind of dawned on me that there's a thing called capital gains tax. [00:17:54][14.7]

Lucinda: [00:17:55] Yes. [00:17:55][0.0]

Lucinda: [00:17:56] And every movement you make, you have to pay capital gains tax on [00:17:59][3.0]

Lucinda: [00:17:59] them for that. Yeah. [00:18:00][1.6]

Lucinda: [00:18:02] So I did one big one big chunk, and I put it into another Krypto, which had a white paper. Can I talk? I'm a lot of talk about this. Yeah, yeah, yeah, yeah. It's not financial advice. [00:18:11][8.8]

Alec: [00:18:11] No, no, no, no. We put disclaimers on and it's very clear that the three of us aren't [00:18:16][4.3]

Lucinda: [00:18:17] to speak to yourself. Dollars that's 14000 in a week. [00:18:22][5.0]

Lucinda: [00:18:25] No, I got a tip off about another cryptocurrency called Mirror Protocol, which basically is on the block chain side of things. And it mirrors the market. It mirrors the market. Right. And it can be used. So let's say you buy a house, you guys buy a house together and you don't know, like how much each person put in. But this on a block change shows the movements of the money and stuff so that it's kind of like legal contracts, but on the block chain. So there's no like you don't lose paper or it's like Quantico. I think that's how it works. Yeah, I know it sounds it sounds good. And yes, I put all my money in that put it in the default ground. Yeah. Are eighty percent. Yeah. Just because I was like thinking about capital gains and bought it at twelve dollars and then this crash started happening with doege and stuff down to about six dollars on so shitty. But I'm still on a. Yeah. And, and my idea with that is I wanted to go from companies to something that I could keep for a year because I've been listening to your podcast and I'm definitely a set and forget type vibe. Yeah. And I know I didn't feel as if I had much to lose because the five hundred dollars I was happy to part with, like I was going to go to Brisbane and put it on black. So that's what I did. And I haven't, I look at it sometimes, but I don't really look at it because I'm going to keep it for a year and whatever happens, happens. [00:19:55][90.8]

Alec: [00:19:56] Well, the good thing is if you keep it for a year, you get a discount on your capital gains tax. So if you hold of something for over a year, it's halved. [00:20:02][5.8]

Bryce: [00:20:03] So do you still have stuff in comix then? If you if it on paper was 14, you took out eight. [00:20:06][3.8]

Lucinda: [00:20:07] I took it all out. [00:20:08][0.7]

Bryce: [00:20:08] I took it all out, falling back down to I took it all out. Took us all out. [00:20:12][3.8]

Lucinda: [00:20:13] Yep. And then I put a little bit in doge right [00:20:18][4.8]

Lucinda: [00:20:18] at the peak. Yeah. [00:20:19][0.5]

Lucinda: [00:20:19] But I want to keep that as well. Like 200 bucks something. Yeah. And yeah that's, that's where I'm at. [00:20:26][6.5]

Bryce: [00:20:26] And so then this is part of goal number three, which is the quest towards a million dollars. Is that is there anything else that you're doing in the equity space? [00:20:35][8.8]

Lucinda: [00:20:36] So I spoke to your producer before I came in. Yeah, it's known that you've got a producer. [00:20:40][3.8]

Lucinda: [00:20:41] Yeah. [00:20:41][0.0]

Lucinda: [00:20:42] So, yes, it's a full blown operation. I mean, if you watch this is obvious, but you never know with podcasts. [00:20:47][5.3]

Lucinda: [00:20:48] Yeah, yeah, [00:20:48][0.7]

Alec: [00:20:49] yeah, yeah, [00:20:49][0.4]

Lucinda: [00:20:50] yeah. Can I say that you're in the same office as Bitaraf. [00:20:51][1.9]

Lucinda: [00:20:52] You can. Yeah. You just said it. Yeah I won't. I was like oh my God. This is all [00:20:59][6.4]

Lucinda: [00:21:01] I have shifted my idea of the million dollars and I want to talk to you guys about it because I know you. This is a business and I know you went solo like a year ago. [00:21:11][9.9]

Bryce: [00:21:12] Mid Covid. Yeah, full time. Yeah. Same to you, I think. Probably very similar timing. Yeah. [00:21:16][4.0]

Lucinda: [00:21:16] Huge. Yeah. [00:21:17][0.6]

Lucinda: [00:21:17] And I imagine was that you guys had been boning up for it for a long time, but was there an element of panic when you flicked over. [00:21:22][5.4]

Alec: [00:21:24] Not not really. I mean, maybe for Bryce, because he was stuck with me, but I had been keen to quit my job before Covid and yeah, we felt like it was time. [00:21:35][10.8]

Bryce: [00:21:36] Yeah. I think for me, I held on as long as possible and I felt like, OK, I've got at least 12 months runway ahead here that we can give it a crack. [00:21:46][10.6]

Alec: [00:21:47] Well, Bryce didn't actually quit. He just took a year off. So he had the backup plan as well. [00:21:50][3.7]

Lucinda: [00:21:51] I just quit. Yeah, no, you go back now. [00:21:54][2.9]

Bryce: [00:22:33] So, yes, we've just quit covid, we have just quit while I have just quit. You quit late last year, so it is daunting with the whole business investing equities. So where are you at on that kind of thing? Because the way I think about this is a lot of people who are looking at equities and and just starting out think about it is all it's risky. Don't put all my money and potentially lose it. But you've gone crypto, which is to me, [00:23:02][28.7]

Lucinda: [00:23:04] you've done the hardest bit. Yeah, yeah, yeah. Risk is obviously not the biggest. Where do you like where [00:23:09][5.2]

Bryce: [00:23:09] do you sit on the risk scale if you think about your risk level? Obviously you're willing to take a risk to make a few if you Dollars. [00:23:18][8.9]

Lucinda: [00:23:19] I'm actually not at all. Oh the crypto I was willing to do because the yield I think a lot of investing. I think about it with my life. So me putting five hundred dollars into something to do an Instagram thing and then do a newsletter and then come on something like this, like that's worth more than 500 dollars for my brand recognition. So think of firms as a brand separate to my actual person. So. In terms of investing outside of that, I'm not doing anything with my money right now, and it's because we've, you know, having your own business, I'm at that stage where I'm still building it and I've got a lot of trepidation about, you know, doing stuff. And I figure the crypto is a way for me to just put my foot in the door of kind of starting to understand markets and be able to radiograph. Couldn't do it for like the most basic level of understanding money. [00:24:14][54.9]

Alec: [00:24:14] Generally, that's OK. I still can't rotorcraft. [00:24:16][1.7]

Lucinda: [00:24:16] Really? Yeah. Yeah, yeah, I know. [00:24:19][2.4]

Alec: [00:24:21] Um, so I think we should try and make the case that you should put money in equities, not crypto. I mean, I would be remiss if we did it, but before we do, how so you'll be building the business. How are you thinking. Are you just saving all your money in the bank and like trying to build up an emergency fund? Is that sort of how you're thinking about it? [00:24:42][21.6]

Lucinda: [00:24:43] So I've got a chunk of money saved from my old job. And just like I'm a relatively diligent saver, like I don't spend that much money on stuff I, like, don't do rack, which is like I think about it all the time with people that do it. I'm like three hundred dollars. [00:24:57][14.0]

Lucinda: [00:24:59] Yeah, that's [00:25:00][1.6]

Alec: [00:25:01] that. I get eight percent a year [00:25:02][1.4]

Lucinda: [00:25:02] for 30 years. You could buy a car with that. [00:25:05][2.2]

Lucinda: [00:25:08] So I definitely I'd have a chunk that I don't want to touch just as sort of like you like an emergency fund if she goes belly up. But because I'm paid at completely random intervals like I haven't had a I just got a paycheque yesterday, but that's the first time in six weeks. So I just keep all of my money in a every day account. So I've got like a huge chunk of money. That's almost always my savings. And I just like you to do [00:25:34][25.8]

Lucinda: [00:25:34] not [00:25:34][0.0]

Lucinda: [00:25:35] like waiting for a literal twenty thousand dollar tax bill. Vibs. Yeah, so when tax time happens, which is in a month, I'm going to figure out all my finances and then I'll know how much money I've got to play with. But I'm not someone who's going to dip into my savings to do stocks right now. Yeah, because for me, if I'm investing in something, I want to understand it. Yeah. [00:25:57][21.7]

Lucinda: [00:25:57] Do you know [00:25:58][0.2]

Bryce: [00:25:58] there's no doubt for me this year. Well, since quitting anyway and running this, it's been a period of probably the a period where I've invested the least amount of money first. So that's probably just because we've. [00:26:12][13.4]

Lucinda: [00:26:12] Well, yeah. Paycheque you pay the rest of the corporate world was good. [00:26:17][4.4]

Lucinda: [00:26:17] So your paycheque is reduced drastically. [00:26:19][1.7]

Lucinda: [00:26:21] We were we were living well. We were the corporate jobs. [00:26:23][2.5]

Bryce: [00:26:24] We've chosen to do that because we want to keep the money in the actual business, if that makes sense. But similarly, like, the business gets very lumpy pay like so it's it's just like one month you would just be like, yeah, boy, [00:26:38][13.8]

Lucinda: [00:26:40] you have no pay for like three months and it's like the longest nobody. [00:26:47][7.3]

Bryce: [00:26:49] And so that makes sense. I can understand if that was how we were physically paid. We're lucky enough, I guess, that we can still get a monthly check from the business. But if that was how we were taking it personally, I'd be super hard to have an investment plan, I think. [00:27:02][13.1]

Lucinda: [00:27:02] Yeah, for me at least, I want to spend a year doing my business full time and then see sort of what my earning potential is and then project how much I'm going to make in the use because I'm in it for the long haul. Like I think of my life and my career, like I said, is an investment. So me spending my time doing an Instagram story rather than spending my time researching, like buying Woolworths stocks makes more sense to me and I. [00:27:33][30.6]

Lucinda: [00:27:33] Yeah, yeah. And that's kind of how [00:27:34][1.4]

Bryce: [00:27:35] we have sort of framed it as well, I think. Or anyway, the way I think about is that the time that we're putting into this business, I think hopefully and then the pay cut that we took, I guess is hopefully going to be worth ten or twenty times in a few years time. [00:27:50][15.3]

Alec: [00:27:50] Yeah, I just think you should combine the two and do a spin off account firm's finance. Well, you do Instagram stories of you researching Woolworths stock. [00:27:58][8.2]

Lucinda: [00:27:59] Yeah, that's a business idea. [00:28:00][1.6]

Lucinda: [00:28:02] But time time is an infinite resource that you can't you know, it's a it's a losing. [00:28:08][6.4]

Alec: [00:28:09] Yeah, yeah, yeah. I think. Yeah. [00:28:10][1.3]

Bryce: [00:28:11] So have you thought about what you would do if you tax time's done. You've got a you know what you're able to play with. Do you have like a any indication of how are you going to go down the ATF route, is it Woollies only? [00:28:24][12.7]

Lucinda: [00:28:24] Is it actually McDonald? McDonald. No, no, no. But have you thought about any of that stuff? House Oh yeah. Obviously, yeah. [00:28:33][8.7]

Lucinda: [00:28:34] Is that obvious. I don't I [00:28:35][1.0]

Alec: [00:28:35] it's the dream. [00:28:35][0.3]

Lucinda: [00:28:36] Yeah. I mean I'm not there yet, don't get me wrong but I guess yeah. Probably offtakes if I'm going to spend some time looking into it. We're doing an Afterpay. [00:28:44][7.2]

Alec: [00:28:44] Situation, yeah, ETFs. [00:28:46][1.4]

Lucinda: [00:28:46] Oh, yeah, you would, you [00:28:50][3.6]

Alec: [00:28:51] know, so many people get that around the wrong way besides Treasuries. [00:28:54][3.5]

Lucinda: [00:28:55] Yes, yeah, yeah, yeah. [00:28:56][1.0]

Alec: [00:28:57] Because Afterpay is like EFTPOS. So everyone thinks about. Yeah, you're safe. I'll tell you what, Finance Love's an acronym. There are so many ETFs, Elyse's NTI, all this stuff just to NFTE. It's bloody acronyms galore. Yeah. [00:29:11][13.9]

Lucinda: [00:29:11] It's bullshit because it means it's hard for the average person. [00:29:14][2.6]

Alec: [00:29:14] Yeah. Yes. We have a policy here at Equity Mates, one of three that we hate jargon and it's because yeah. It makes, it makes you feel like you need someone to do it for you. You can't do it yourself because there's all this bullshit jargon and data and charts. Yeah. [00:29:27][13.0]

Lucinda: [00:29:28] Fully it's all things are far simpler than I appear. [00:29:30][2.6]

Lucinda: [00:29:31] That's it. That's in life. Yeah. [00:29:32][1.3]

Lucinda: [00:29:33] But yeah. Probably in a ti. Yes. Oh my God. Thank you. But I think I'm still at that stage where I want someone to hold my hand and tell me what to do, which I mean we say that that doesn't always go well because like for example, with mirror protocol, someone told me to do that and I lost [00:29:52][19.2]

Lucinda: [00:29:52] half of it. Yeah, well, [00:29:53][0.8]

Bryce: [00:29:53] that was my question. Have you? So we've just come off the back of a couple of episodes around investing mistakes on Get Started Investing feed. They're going to be aired by the time we record this. And one of them is sort of like that following the herd mentality. And I've lost a bunch of cash just by taking stock stock tips and being told what to invest in without doing any sort of research. But I can understand that it is someone who, you know, has no idea. It's an easy way to get into the markets. But did it with crypto. [00:30:20][27.1]

Lucinda: [00:30:21] Yeah. And it paid off. Right. First stop. Yeah. [00:30:26][4.5]

Alec: [00:30:27] The real problem in the in Australia at the moment is like you want someone to help you and it's going to be at least a few grand to get like proper financial advice. And so it's like people who are just starting out who need the help the most, like can't afford it. So then where it's like where do you go? And a lot of people like Bryce end up getting stock tips from mates at barbecues or on Instagram. And it's not it's not how you learn, but it's expensive to go to a professional. [00:30:53][26.1]

Bryce: [00:30:54] Speaking of the house and I didn't know this and I don't know if you've done any research on it at all, but like obviously running your own business, the bank looks at what you're making and all that sort of jazz. And it's not as easy as just putting the three months pay slips in front of them and saying, here's my three months worth of payslips. And I don't know if that's what they do with a mortgage. I'm sure they do a bit more due diligence and that but [00:31:16][21.4]

Lucinda: [00:31:17] have not now. I have not thought of that. [00:31:18][1.4]

Bryce: [00:31:19] But yeah, that's the challenge I've been thinking through, is like if you go to the bank and they say, well, show us your income so that you can service the loan for us, it's like, well, yeah, here's my income. But as you can say, I'm paid on this month and then I'm paid three months later and have have looked into that at all because I'd actually like to Dollars [00:31:37][17.8]

Lucinda: [00:31:41] here I come. I want to buy a house. I don't know the first fucking thing about it. [00:31:44][3.3]

Lucinda: [00:31:45] No I haven't. I and like a lot of people listening would have their own businesses. I feel like people out right. Are all into that. See your lifestyle, dream lifestyle. [00:31:56][10.7]

Lucinda: [00:31:58] It's a [00:31:58][0.1]

Lucinda: [00:31:58] harsh reality. No, I think the other thing, like speaking of jargon and kind of like the idea that some people are left out of doing this kind of stuff, I think a lot of thought about it a lot this year. The idea that, like, if you've got parents who could cushion the blow, like when I got made redundant, I was like, I'm moving straight back to Melbourne and even with my parents. And slowly it dawned on me that. That's not usual, like a lot of people can't do that, and I think maybe then doing gambles like five hundred dollars or putting a few grand into an ETF seems more possible. I'm just I'm interested in, like, finding the financial like hidden kind of things that make you feel more confident. [00:32:41][43.3]

Bryce: [00:32:42] Yeah. I mean, yeah, there's definitely people out there who would have that sort of sense of security, I guess more so than others. I guess it's your risk level like it's I think it's about how you've got to that thousand dollars. A lot of people who save and, you know, there's a lot of people who will save and save and save and get to that thousand so they know how long it took to make it. And so taking that risk of then, well, I could lose it very quickly versus, you know, if you were to get an inheritance or whatever, it might be slightly different in the level of risk that you're willing to take. So I can certainly understand that side of things because, you know, I worked all the way through university and sort of put five grand just in Afterpay or in, you know, another ETF or whatever without really knowing. It's can be incredibly daunting. But we always talk about the upside versus the downside. And given our age, I think losing a thousand now or 2000 now, it's not going to I'm not going to die. And I think you will always be able to earn the money back. But the time, I think, is something you'll never be able to earn back. So getting it in there and having that opportunity to get that upside, I think, is what I always try and remind myself of. [00:34:00][78.3]

Lucinda: [00:34:01] Yeah. [00:34:01][0.0]

Lucinda: [00:34:01] So, yeah, because we don't have. Do you guys have kids? No. [00:34:04][2.7]

Alec: [00:34:05] Bryce is close. [00:34:06][0.9]

Lucinda: [00:34:06] I'm not quite sure. No one knows [00:34:13][6.7]

Lucinda: [00:34:14] what I'm thinking. [00:34:14][0.6]

Lucinda: [00:34:17] I reckon Chris Bryce Bryce l Bryce Buffett Junior. [00:34:22][5.0]

Alec: [00:34:25] Maybe we let the Equity Mates community choose the kid's middle name. [00:34:29][4.1]

Lucinda: [00:34:30] We do like some pretty fun. [00:34:32][2.1]

Lucinda: [00:34:32] Yeah. Yeah. You know, because my middle name is friends and that's good. Yeah. I'll give it a ridiculous middle name. [00:34:39][6.8]

Lucinda: [00:34:39] Low friends. [00:34:40][0.3]

Lucinda: [00:34:41] Not yet but I [00:34:42][0.9]

Lucinda: [00:34:43] thought I [00:34:44][0.4]

Lucinda: [00:34:44] mean purposes. No. Yeah that's true. Yeah. [00:34:48][4.1]

Bryce: [00:34:48] For us the biggest I think one of the biggest sort of light bulb moments for us over the last couple of years has been the, you know, the phrase around the biggest risk is actually not investing. At the risk, the risk of losing is outweighed by the risk of actually not putting your money to work, and there's ways that you can do that that are low risk in terms of losing your money, like you can go broad based a thousand dollars across a hundred companies rather than just one, for example, that all or all of a sudden that risk is. [00:35:21][32.5]

Alec: [00:35:23] A lot less. Yeah, I think the the numbers are you take any 10 year period for, like the Australian market and you won't lose money like over the long time the broad Australian market or the broad U.S. market, it only goes in one direction. And you hear things like the global financial crisis or covid like stuff goes wrong. Then like individual companies go bankrupt, like Dick Smith went bankrupt. And that happens. But overall, like the world gets more productive and more innovative and, you know, things grind upwards slightly. And I mean, for me, that the biggest risk is not investing, but also realising what you're investing in. Like you think about buying a company, they're literally trying to create new products, hire the smartest people into new markets, all to make you as a shareholder more money. And like the CEO, is only paid if you as a shareholder make money. Like that's how they get that bonus. That's how the board keeps their job. That's how executives get promoted. So this whole construct is set up to make you as a shareholder more money. And when you think of it like that, it's like, why would I buy a painting or a house that I hope someone will buy for more in the future when it's like there's something here that is like economically productive, trying to make more money for me. [00:36:42][78.8]

Lucinda: [00:36:43] I love that you guys do put a positive side. [00:36:45][1.9]

Lucinda: [00:36:46] I'm like running out the door to get it. Looks at the challenge, [00:36:49][3.0]

Bryce: [00:36:50] though, I think is that it's that 10 year pace. It's it's holding it in now and just going, oh, I'd love this to double overnight. And I become rich quick. And everyone does that when they start investing. You know, a lot of people say, I want to be rich now. I need to get that house now. So I'm going to invest and I'm gonna need it to be and whatever is going to double overnight. But the real wealth is built over a long period of time. Yes, that's the challenge. [00:37:15][25.3]

Alec: [00:37:16] The best example of that is Amazon. Like if you just bought Amazon in 1997 when it went public, they had 250 employees made a million dollars a year. Fast forward twenty three years. You've done nothing. You've just held it. You still own the same thing. One share of Amazon now makes what it's worth over a trillion dollars. It has over a million employees, does 80 billion or more than that in revenue a year. So if you just hold these things, they just get more productive if you hold the right things. [00:37:45][29.4]

Lucinda: [00:37:46] Yeah. [00:37:46][0.0]

Lucinda: [00:37:47] I wonder, do you guys ever think about morals? [00:37:50][3.1]

Lucinda: [00:37:53] Yeah. In terms of [00:37:53][0.7]

Alec: [00:37:54] like ethical investing and that sort of thing. [00:37:56][1.8]

Lucinda: [00:37:56] Yeah. Like something like Amazon or like even Airbnb. Uber, a kind of making the working world for the people that work for them, you know, in the factories doing the writing like there, it really pushes them down. Is that something you think about? [00:38:13][17.6]

Lucinda: [00:38:14] Yes, it actually is. [00:38:15][1.6]

Lucinda: [00:38:16] Yeah, because I'm asking because I don't really think like that, but I know that it [00:38:18][2.4]

Alec: [00:38:19] yeah, it is like ethical investing is really big at the moment and like it will only get bigger, especially around climate change. Like a lot of people are trying to make decisions around how they invest based on, you know, do they mine coal or do they use, like, you know, carbon intensive practises? And I actually worked in Coles before this in their sustainability team. And like I saw firsthand, the effect of ethical investing on companies like it actually does make a difference. Like my bosses were getting dragged into more meetings with investors, the CEO was more interested, like when investors say we won't invest in you if you're not more sustainable, you're not more ethical or you don't like allow your teams to unionise or whatever it is. Like CEOs listen because their whole incentive structure, like the reason they get their bonuses if the share price goes up. So there's a really big movement around that at the moment. And it does actually have an impact [00:39:17][58.0]

Bryce: [00:39:18] on cash hungry, though. [00:39:19][0.8]

Lucinda: [00:39:19] So I think for your baby. Yeah, and I'll [00:39:25][6.0]

Bryce: [00:39:25] invest in tobacco again. [00:39:27][1.8]

Lucinda: [00:39:29] Oh, sorry. [00:39:30][1.0]

Lucinda: [00:39:32] It's it's definitely a funny thing and I think it's a way to be. I like the idea that you can influence the CEO because I think with a lot of, you know, if you wanna make a difference in any space environmentally dardar, you need, it's to do with money at the end of the day. So if you can direct your money like that again, I don't know if I would, though, because I want to you know, you got to think about your individual life. [00:39:53][21.0]

Bryce: [00:39:54] It's also very hard to find information on who's doing what. Like, we just did an episode this morning on companies that you would be surprised are actually quite unethical, that at a high level you'd just be like Nestlé, what's wrong with them? But you dig under the surface and there's a heap of stuff going on that could make you believe or sway you in the opposite direction. So it's incredibly grey area, very difficult. [00:40:20][25.4]

Alec: [00:40:20] We chatted about Woollies before, like. Woollies have a massive poker machine business and like a whole bunch of clubs and stuff. Yeah, yeah. [00:40:27][6.7]

Lucinda: [00:40:27] Yeah. Yes. I can't wait for that episode. That's so [00:40:30][3.3]

Lucinda: [00:40:31] interesting [00:40:31][0.0]

Bryce: [00:40:32] about they're selling it because no one's investing in them from an ethical point of view. So they said we want the money from ethical investors, so let's sell our pokies business. [00:40:41][9.0]

Lucinda: [00:40:42] Amazing. Say that's yes. Yes. And unionise everybody. I'm all for the unions. [00:40:46][4.4]

Bryce: [00:40:47] Phibes. Yes. And if you own Woolworths, you'll get a stock in the pokies business once they merge. So two for one do. Oh, that kind of makes sense. So if you hold Woollies shares, they'll then sell the business, the pokies and the and the hospital business. It will then list on the Australian Stock Exchange, just like all other public companies. And if you're a shareholder in Woolworths, you'll also get shares in that company. [00:41:13][26.2]

Lucinda: [00:41:15] And you don't actually have to [00:41:16][0.8]

Lucinda: [00:41:16] put more in [00:41:17][1.2]

Alec: [00:41:18] just like splitting it. And you get a bit [00:41:19][1.7]

Lucinda: [00:41:19] of two for one, C [00:41:21][1.1]

Lucinda: [00:41:21] two for one, deal by [00:41:23][1.7]

Lucinda: [00:41:23] deal, two [00:41:25][1.4]

Lucinda: [00:41:25] slaps for the price of one. [00:41:26][1.0]

Bryce: [00:41:28] Now I'm just conscious of time, so I think it'd be good to just put a sort of wrapper where we're at and maybe just hear a few of your sort of closing thoughts and maybe lessons, because I know that there's a lot of people in the Get Started Investing feed community who are exactly where you're at, which is saved a lot, probably working for themselves and, you know, wanting to buy a house, wanting to make a million dollars in a year. [00:41:52][23.5]

Lucinda: [00:41:54] I think everyone wants you [00:41:55][1.3]

Bryce: [00:41:56] knowing that putting your money to work is the right thing to do, but feeling like that's the maybe now's not the right time or X, Y and Z. So, yeah. What would you have any sort of closing thoughts for them or like what has been your biggest lesson from Krypto that is going to sort of help you go into that next phase of a buying a house or getting into the stock market? [00:42:19][22.4]

Lucinda: [00:42:20] Probably two things. Number one is research in a way that suits you don't want to plug Equity Mates don't pump your tyres too much. But listening to something like this with people that you can relate to and that dumb thing, you know, dumb things down, but, you know, I can listen to this and you guys are so knowledgeable, but you make it in a way that I can understand. So listen to your podcast and you're in good company. And people that are our age in a similar sort of bracket is super helpful. Like I listened and I found out about interest rates with banks and all of this stuff that I was too worried to ask people or I just didn't give a F about. I didn't know how it would affect me. So doing something like that, I found super helpful. And I guess with Krypto, the main learning for me was maybe seeing that. People don't know what they're talking about, like no one can actually predict the market. So. I find a bit of power in that because I think like with stocks and stuff you like, oh, fuck, like this person is making these I'm doing this like like you say it all kind of evens out. And then probably from this episode, the idea that you can think about where to ethically put your money. Yeah. Yeah. You know, because I think at the moment the only way to ethically put your money to use for companies is deciding, no, I'm going to go Cadbury over Nestlé doing those many things, but realising you can make an impact in a bigger way. Yeah. [00:43:46][86.2]

Alec: [00:43:47] And a big a big thing on the ethical side that people don't think about a lot is your passion. [00:43:52][5.0]

Bryce: [00:43:53] Yeah. [00:43:53][0.0]

Alec: [00:43:53] Because you've got this big pool of money in your superannuation that you just give to a super fund and they do whatever with. But there are ethical super funds out there that are like dealing with activists, like activists, like going to companies and saying, you know, we're a massive super fund, but we'll only invest you if you do this, this and this or like we're going to pull our money if you don't change that. So there's a few out there that are doing some really good work, [00:44:18][24.3]

Lucinda: [00:44:18] are sick, and how can I find out about them? [00:44:21][2.3]

Bryce: [00:44:22] There's a couple that we can give you right now. One's called Future Super. No, I haven't put my money across to them, as I said, on [00:44:31][8.6]

Lucinda: [00:44:31] cash prise money. And surprisingly, [00:44:34][2.6]

Bryce: [00:44:34] they do do very well. And which is one of the, I guess, common misconceptions about RSJ is or does it perform? Does it not perform? [00:44:41][6.9]

Alec: [00:44:42] But yeah, ethical ethical investing has beaten the market over the last decade or so. Oh yeah, yeah, yeah. [00:44:50][8.6]

Bryce: [00:44:51] It's just super. And what's the other one. Australian Australian ethics. Yeah. [00:44:55][4.0]

Alec: [00:44:55] Yeah. And we've interviewed Adam Overweigh from Future Super a couple of times so you can listen to listen to him. [00:45:02][6.8]

Lucinda: [00:45:02] Yes. [00:45:02][0.0]

Lucinda: [00:45:02] He be [00:45:02][0.4]

Lucinda: [00:45:03] good. Yeah. [00:45:04][0.8]

Alec: [00:45:05] Yeah. He's a good guy. Yeah. [00:45:06][0.9]

Lucinda: [00:45:06] Very very ethical guy. OK, like a Tesla. Yeah. Yeah yeah. [00:45:11][5.0]

Lucinda: [00:45:12] Like OK, I'm thinking I'm going to go with Australian Ethical Investments because I feel like I like the title because people will find it, you know, it's something you Google and then it might come up. Yeah. Other people will jump on. [00:45:24][12.7]

Lucinda: [00:45:25] We'll check him out. Check it out. Yeah. Yeah. [00:45:26][1.6]

Bryce: [00:45:27] Um well I guess that is that's all we have time for unfortunately Lucinda. But I think this is a good starting point and it'd be great to get you back on at some point in the future once firm's finances kick. [00:45:41][13.5]

Lucinda: [00:45:41] So out of your familiar. Yeah. [00:45:45][3.8]

Bryce: [00:45:45] Once once you've done the tax return and there's some money to play with. But for those that do want to follow along with what you're doing in firm's world, you've got a newsletter, etc., where can everyone go? What's the best places? [00:45:57][11.5]

Lucinda: [00:45:58] So if you want to get the full catalogue of my skills and expertise, yeah, go to every franscell dotcom. [00:46:04][5.9]

Bryce: [00:46:05] That's with three O's, two eyes. [00:46:07][2.2]

Lucinda: [00:46:07] OK, that's confusing, right? [00:46:08][1.3]

Alec: [00:46:10] You should make sure you get all the different handles and you URLs just so you got a ball. [00:46:14][3.8]

Lucinda: [00:46:14] I know the URL I've done with Instagram handles, but yes, you can follow me there. I think my newsletter is a good place to follow, OK, because I can go more in-depth into my thoughts, etc. [00:46:24][9.7]

Lucinda: [00:46:25] and [00:46:25][0.0]

Bryce: [00:46:25] that's through the website to sign up there. [00:46:27][2.0]

Lucinda: [00:46:27] Yeah, yeah. You can find it. And then if you just want to say shit posting, jump on that. [00:46:31][3.6]

Lucinda: [00:46:31] It's a nice fuck. Yeah, it's OK. Oh God. [00:46:34][3.5]

Lucinda: [00:46:35] I love you guys because I was telling your producer Sasha before I came on, when I first started listening to you, I was like, oh my God, you sound so much like private school boys, but nice. [00:46:43][8.7]

Lucinda: [00:46:44] Oh, you're so well-spoken. But I'm not a private school. You're from a private school, but I don't know. [00:46:51][6.5]

Alec: [00:46:52] So I'm the private school boy and Bryce is the nice one. [00:46:54][2.6]

Lucinda: [00:46:54] Yeah, yeah. I'm a walker [00:46:58][3.8]

Bryce: [00:46:59] boy. But yeah. And also, don't forget where all the baby pigeons go and check that out for life myths debunked. Is that a good way to summarise it. [00:47:09][10.4]

Lucinda: [00:47:09] It's a perfect way. [00:47:10][0.7]

Alec: [00:47:11] And will we find out where the baby pigeons are. [00:47:13][2.3]

Lucinda: [00:47:14] That's the last episode, but I haven't started it. Okay, because we don't know like [00:47:17][3.5]

Lucinda: [00:47:18] we don't know where [00:47:18][0.4]

Lucinda: [00:47:19] their nests like [00:47:19][0.7]

Lucinda: [00:47:22] the nest. [00:47:22][0.1]

Lucinda: [00:47:23] So if you're watching this and you have an idea, DM me and we can make a [00:47:27][3.6]

Bryce: [00:47:27] side like that. Nice. We'll make sure you go check it all out because it is a lot of fun following firms. Well, and your finance journey. Good luck with making the million by the time I. Twenty two is if you do let us know because you'll be doing very well. [00:47:39][11.9]

Lucinda: [00:47:39] Yeah. Yeah, yeah. [00:47:40][0.5]

Alec: [00:47:40] Well you might have to replace one of us on the listing. [00:47:44][3.5]

Lucinda: [00:47:44] Well let's put it in the diary. Thursday, 10th of June 2022. Let's reconvene. Okay. Okay. And we don't need to talk in terms of actual money. No, but we got to say who makes more money. [00:47:55][11.0]

Lucinda: [00:47:56] Wow. It's all right. It's you call it. It's. Oh yeah. Yeah, I like this. [00:48:02][6.0]

Alec: [00:48:02] All right. Go on. Go on. [00:48:03][1.3]

Lucinda: [00:48:04] We'll talk to a girl who makes more money. Jase, you get Jase. I'm going to go. Ha ha ha. [00:48:11][7.4]

Alec: [00:48:12] You've got a big social following than us that you can really mobilise. So we're going to. [00:48:18][5.9]

Lucinda: [00:48:19] We're going to have more [00:48:19][0.9]

Bryce: [00:48:20] of a pump and dump opportunity, [00:48:20][0.8]

Lucinda: [00:48:22] maybe we [00:48:23][0.7]

Alec: [00:48:23] might get Equity Mates coin and a call it and we say, [00:48:26][2.4]

Lucinda: [00:48:26] well, the power of the [00:48:27][0.8]

Bryce: [00:48:27] gas, though, we could get some pump and dumps going. [00:48:29][1.7]

Lucinda: [00:48:30] Thing is, I'm going to sort of I mean, if I can start the podcast, but you guys, my money's on, you [00:48:36][6.5]

Bryce: [00:48:37] know, and I know we'll say we'll say let's say I [00:48:39][2.3]

Lucinda: [00:48:39] like this [00:48:39][0.2]

Bryce: [00:48:41] really since it's been an absolute pleasure having you on the show. Thank you for your time very much. Enjoy. And I know that, as I said, there's a lot of people in the gas community who are exactly at your stage. So it's always good to have these conversations to just, I guess, make it clear that everyone goes on their journey and it's, you know, everyone's got to start somewhere and to not sort of freak out about it. And just, as you said, get started, because that's the main thing. [00:49:02][20.9]

Lucinda: [00:49:03] Let's go, boys. Let's go. Let's go. Thank you so much [00:49:06][2.8]

Lucinda: [00:49:06] for having me. This is great. [00:49:06][0.0]

[2518.9]

More About

Meet your hosts

  • Alec Renehan

    Alec Renehan

    Alec developed an interest in investing after realising he was spending all that he was earning. Investing became his form of 'forced saving'. While his first investment, Slater and Gordon (SGH), was a resounding failure, he learnt a lot from that experience. He hopes to share those lessons amongst others through the podcast and help people realise that if he can make money investing, anyone can.
  • Bryce Leske

    Bryce Leske

    Bryce has had an interest in the stock market since his parents encouraged him to save 50c a fortnight from the age of 5. Once he had saved $500 he bought his first stock - BKI - a Listed Investment Company (LIC), and since then hasn't stopped. He hopes that Equity Mates can help make investing understandable and accessible. He loves the Essendon Football Club, and lives in Sydney.

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