Get Rich Slow – Owen and Kate (FinFest)

Bryce: [00:00:26] Welcome to get started investing in a podcast where we help you learn to invest in 15 minutes or less. Each episode we take one real world business story and apply a key investing lesson to help you build your investor toolkit. If you're joining us for the very first time, welcome. We strongly recommend you scroll up and start at episode one. Now we are licensed, but we are not aware of your own personal circumstances. All information on this show is for educational and entertainment purposes only. Any advice is general advice only. With that said, let's crack on. My name is Bryce and as always, I'm joined by my equity buddy, Ren. How are you going? 

Alec: [00:01:04] I'm very good, Bryce. I am excited for this episode where you will not stick to our 15 minutes though. Well, I mean, we will. We'll. We'll be Lucius. We'll be out in three. Yeah, but we have just come off at first. We've spoken about it a lot. If you listen to multiple Equity Mates podcasts, you might have heard of speak. Heard us speak about it before, but this is our first post FinFest recording for Get Started Investing. So if you listen to get started investing maybe we talk a little bit about the day but the good news is that we recorded every session that was there. So if you didn't get to a session on the day we recorded it and everything will be released, everything will be on YouTube. And then some of our favourite sessions on the most popular sessions will be across the podcasts. And we've got one of those today. 

Bryce: [00:01:51] Yes, we're lucky enough to have the session titled Get Rich Slow, hosted by Owen Rescue Rich and Kate Campbell from Rask, Australia. They really stepped us through what it takes and how you can build a portfolio over a long that will not over a long period of time, but that will generate returns to get you rich over a long period of time.

Alec: [00:02:13] Yeah. Forget rich, slow. Sorry, forget rich quick and focus on get rich slow because you just might do it.

Bryce: [00:02:20] That's it. So we're really excited for you guys to listen to that. If you didn't get to say it on the day or didn't actually get to invest. But look, we just want to say a massive thank you to everyone that was involved in FinFest. Firstly, obviously the sponsor's stake is our headline sponsor, Magellan Coin Spot. And when our main major sponsors couldn't have done it without you, it was a massive effort. We were blown away with what sort of transpired at the cutaway on Saturday. It was incredible. We had lines out the door, we ran out of food. It was huge. 

Alec: [00:02:52] There was certainly some learning for next time amongst it all. And we did that. But I think on the whole it was an epic event. 

Bryce: [00:02:59] Epic event, yeah. 

Alec: [00:03:00] Beyond our expectations, yes. 

Bryce: [00:03:02] We set out to try and sort of prove that investing is for everyone. Finance events can be fun and that there's an audience out there that want to be engaged and that are engaged, and that is the Equity Mates community. And we certainly proved that a massive thank you to the Equity Mates community. We genuinely, genuinely couldn't be doing this without you guys. So a huge thank you. 

Alec: [00:03:24] I think I said this on Equity Mates investing, but you know, we do this podcast sitting across the table from each other, looking at each other, and we don't say the audience that is listening. And so for an event like that where we get to meet everyone, well, we get to meet some of the audience that's listening. It just means a lot and it's quite humbling to actually meet people. It was also really great to see all of our other podcasters. You're in good company, Canadian versus economist. Talk Money To Me. Crypto curious. We've got eight podcasts across the Equity Mates network and we've never had everyone in the same place at the same time. And so to meet everyone, it was really just a really nice few days. Capped off with FinFest and then the afterparty. If you haven't listened to those podcasts, now's the time. They are all great. They are all very similar to us in that they want to help everyday people understand finance, economics, investing, and money. They all have different focuses. So go check them all out. 

Bryce: [00:04:24] Epic Day Ren, but I reckon let's just crack on. Let's do it. We've got our own Russ and Cate Campbell from Rask Australia who were kind enough to take up the time. In fact, all guests were kind enough to take time out of time on Saturday, as you said. So. So let's crack in. 

Host: [00:04:39] Please welcome Kate and Owen. 

Owen: [00:04:45] Raise your hand if you've listened to one of our podcasts. Okay. We've got an opportunity in the room. I like it. Put your hand up if you've been investing for. If you've made at least one investment. Most of the room cried. Put your hand up if you've been investing for more than three years. Right. So you're fully qualified. It's an apprenticeship. Well done. So today we're going to be talking about getting rich. Slow. If you just get rid of the slow or quick, just get rich is probably the easiest thing to do. So it's wonderful to have you all here today, especially in the green room where it's nice and toasty. We're going to give you a few actionable things we want you to go away with from today. Our presentation tonight is going to be very different to everyone else there, right? 

Kate: [00:05:30] Yeah, absolutely. And we want to talk about getting wealthy, but the slow way because there's a lot of talks here that are going to be giving you stuck pitches, how to get rich quick. There's going to be a lot of different people around and there are some fundamentals of investing that make it a lot simpler. We're going to talk about exchange traded funds. We're going to talk about some basic ways to get started. But I think the main thing that we want you to take away from today is that it's important to get started. Now, investing can be simple, it can be boring, and it doesn't need to take over your life. You do not need to become finance nerds like us and really that you just need to give it time and you need to give it patience. And that's really what we want to get out today. 

Owen: [00:06:11] Yeah, we've been doing this for about five years. That says Never mind the formatting. 4.5 million downloads are actually a lot bigger than that if you include all the other stuff that we do, which we'll get to in a minute. But it's thanks to people like you that have bought into the philosophy and everything that we champion, which is low cost and simple. Everyone can do it. My background is in investment consulting, investment research, and to come here and say so many people engage that don't come from that background is just awesome. So thank you for being here. Safe investing. Safe Investing Notes in my hand because we know a lot of the slides makes it a lot easier for me. 

Kate: [00:06:49] Yes. So we want to talk about exchange traded funds a lot today, but we also want to talk about safe investing. 

Owen: [00:06:55] Worst investment. 

Kate: [00:06:56] Oh, worst investment. Well, before I discovered exchange traded funds, before I discovered investing could be very simple. I downloaded my CommSec app about 18 and started buying and selling a lot of random things and I was very enticed by the colours, what was going up that day, what was going down and some of the things I bought at the time, which you still don't see in stores, jetpacks, I mean, that was supposed to be the next big thing. Drones semi taking off, but not in the use that they were selling. There was supposed to be some special fire tool, but there were a lot of random things that I bought and sold at the start. And I was doing what you would call trading, but also trading with no idea of what you were doing. And that was not a way to get rich quick, not a way to get rich quick. So slowly either. And really the only person who made money at the time was CommSec. Probably hundreds and hundreds of dollars in. 

Owen: [00:07:52] If you're watching it, take it out. All right. 

Kate: [00:07:56] What about you? What was your first investment? 

Owen: [00:07:57] So one of the things that happens when people are new to investing is that you get really scared about making a mistake, but you end up if you spent more than, say, a month deciding on a broker. Anyone? Yeah, we've got a few hands in the crowd. Put your hand up again if you spend more than a week deciding on an investment. A lot of hands. Right. So you get like, I guess, paralysis by analysis, whichever way you want to phrase that. My worst investment was actually not something that I lost money on. It's something that I didn't make money on. So I'll give you an example. It's not a company that we recommend, but in Australia is a company called Nearmap, which does geospatial imagery like. It takes photos from planes and does maps and all this wonderful stuff. I invested. I invested and I went hard into this investment. It's my biggest position. I held it for years at about $0.50, and then I sold it because I got bored. Then it went to about $4 and then I was like, okay, this is great. But I actually went back and looked at this a couple of years ago, and some of our members in the room might know this. When I looked at this, I actually realised that I'd lost the opportunity to make money on that, and that was so much money that it outweighed all of the investments that I'd lost money on. And so for me, the lesson here was like, if you do invest in something, there's so much more upside. If you are a long term investor, then there is the short term downside. So, you know, obviously this is just one company, but when it comes to ETFs, for example, and pretty much any stock market investment, the most you can lose is 100%. But if you're a long term investor, where compounding kicks in, you can make so much more money than that. And so my lesson from that is to be long term focussed. I was looking at the share price saying this hasn't done anything, but actually the business was growing. And so for me, I should have just paid attention to that and just let it go. And eventually that would have caught up. 

Alec: [00:09:45] However, on just interrupting Owen and Kate quickly to take a break and hear from our sponsors. All right. Back to Owen and Kate. 

Owen: [00:09:54] So I think I've got a few things for you. The first one is for people. That's a few people in the room that haven't listened to our podcast. How would they do that? What's the podcast called? 

Kate: [00:10:02] Yep. So Owen and I host the Australian Finance Podcast. That's every Monday and Friday on your favourite podcast player. Oh, and also does the Australian Investors podcast, if you really want to nerd out and you've recently launched the Australian Business Podcast for all these small business owners. Yes. But what we wanted to talk about today is why are we actually investing? Because a lot of people think investing is something that stuffy old men do in the ivory towers, and it just doesn't seem relatable at all. But the reason why we invest is to just take back control of our own financial futures. And you can invest with as little as $5. And we'll talk about some of the tools later. But it's just become so much more accessible now to invest than it used to be. And this is fantastic, especially for anyone young in the room. You have so much time to get started and it doesn't have to be scary, which is the big thing. And one of the places we like to start is thinking about your net worth, because I don't know about you, but I've googled people's net worth a lot in Google. Yep. I don't know. Elon Musk. You might have googled this. Maybe the king. I've Googled Adam Driver's. Yes, but it's a great starting point because you want to know where you are right now before you move forward. So you want to know how much you have. So maybe you've got some investments now, maybe you've got some superannuation, maybe you've got some cash stashed in a high interest savings account. And then you also want to know what your liabilities are. So maybe you have some credit card debt and you need to focus on that first. And you can use this as a starting point to know what your current net worth is. And although I was going to laugh because this is my favourite quote, your network doesn't equal your self worth. It is a really good starting point to know where you are because if you don't know the money coming in and the money coming out of your life, you're not really sure what's left over to start moving forwards and start investing. 

Owen: [00:11:54] Yeah. Has anyone here calculated their net worth? It's okay. No shame. Yeah. Great. Wonderful. Does anyone here have an investment plan or strategy written down in any way? So you've got, like, maybe five, 10% of the room. Okay, that's one thing that I've learnt doing this for ten years is that you probably want to write things down because then you can reflect on it. When you've made a mistake or you've been successful, you can be agile, you can learn, because otherwise we're just like throwing darts at a dartboard. There's a thing that we have in investing. It's called the collector. The collector is someone who goes and buys everything, like we run membership sites and we have subscriptions and all that and we make recommendations. And a lot of our members have been with us for years and they just go and buy each and every single thing that we've ever recommended. Fantastic. But they end up with 20 ETFs, 30 shares, and they're like, What is this? There's no strategy. So even just writing down what you're doing and why is so powerful. And it's funny that Kate mentioned Adam Drive. I'm not sure if you've seen the ad where he's on the horse. He's got to show it off. That's partly where this ties in. But seriously, like, one of the things that happens and we all are kind of engrossed by this is people hear us on the podcast, this is do these interviews with billionaires or whatever, and then they start Googling someone's name net worth. And it's like, I do it too. Like Elon Musk, obviously Tesla. I want to know how people get rich. And we're going to talk about this. We're going to give you five ways to think about this or just different ways you can do it. And we've seen it done with over 400 interviews and, you know, thousands and thousands of different discussions. We're going to show you the five ways that we know make sense. But we're like, this is it. This happens on the podcast. People Google, our names, their net worth. So it happens to us too. And, you know, we only keep that in a spreadsheet, I guess. 

Kate: [00:13:45] Yeah, it's private information, but you can try. You can try. You can. 

Owen: [00:13:49] Try it. Everything's on the Internet, I guess. Yeah. Okay. So, John, it's a good way now to try that.

Kate: [00:13:54] Oh, yeah. Well, get there.

Owen: [00:13:56] Everyone knows what's next.

Kate: [00:13:57] So. So there.

Owen: [00:13:57] We go. Okay, so so for those of you that don't know, Kate's on a bit of a mission. I'm touched. You've got. You tried giving away. She wants to give away a thousand books. Okay, so she wants to give away a thousand books. We're on a mission. Yeah. How far into it? I. [00:14:13][15.6]

Kate: [00:14:14] I think we're both in personal finance books, to be clear. We're not. I'm not giving away Harry Potter here. But this is over ten years because I don't know about you, but books have been a huge part of my own personal finance and investing journey. And some of you might have started with the Barefoot Investor or the Simple Path to Wealth, or some of those fantastic finance books out there. And it really sometimes just requires one book to get you started on your journey and overcome that hurdle. So if I don't know how I am going to do this giveaway, but. 

Owen: [00:14:44] Yeah, so it's a bit like a silent disco in here. But what I'm going to get you to do is I'm just going to get you to yell out the answer to some of this trivia that we're going to do as we go through. And then afterwards we'll be in the Equity Mates Media Lounge thing and just be careful. If you throw your hand up, don't hit anyone in the head, don't take off your headphones and then come and see us and we'll give you a book. And the book that we're giving away today is The Psychology of Money. 

Kate: [00:15:06] Yeah, Psychology of Money by Morgan Housel. It's one of our favourite personal finance books. I have about 20 copies here today. So if you come, if you don't win, but you come and tell me a money hack after the talk, you might win a copy. 

Owen: [00:15:18] So it's also three T-shirts in random women's sizes. So we've given away. I hate this way, but there are three. So if you're a large short, you can support it today. I would love to see you in it, but even if you've got a partner for the they're at home, you know, you can come and get it too. Okay. So I'm going to ask you a question. I know a lot of us are going to throw this out. They're going to have the right questions. I'm just going to pick the first person. Everyone knows who this is, right? The guy who played basketball also played baseball. Michael Jordan, I need you to tell me. So we all know he was the best basketball player ever. Basically, maybe LeBron or whoever is challenging that now. But I need you to tell me the one why he got wealthy. Just throw it out. Yep. Because was it? Nike. Yes. That's it. Correct. So he he made more. He makes more money now than he did in his whole playing career. And the way he does it, he makes about $4.50 per shoe solve. So that's the way he got wealthy. Not by playing basketball, by owning part of a business. Right. Does anyone know who this is? Yes. Or PA, that's an I'm not Oprah. Oprah. That's an actual name. They made a misspelling. And so from that point on, they just started calling out Oprah. Does anyone want to guess how she got wealthy? She's worth, I think, about two and a half billion dollars. TV, TV network. I'll take that. Papa Studios. When she started The Oprah Winfrey Show, she obviously got super famous and the production company offered a 4% in royalties. And she went back to them and said no. And then she said, I'm not doing it anymore. So they said, Well, fine. We're not doing it either. So what she did, she went and bought a two like a block in California, and she built Harpo Studios. She ran her own show. And then that same company. License her content and started selling it. So it was her business that made her money. Well, it says the name of the person on the screen. So this is a bit of a giveaway. Shout out to Bloomberg. Does anyone want to guess how this person got rich? There's someone over here. Male voice Atlassian. Yes. Mike Cannon-Brookes, co-founder of Atlassian. The software for developers and software engineers owns, I believe, an unbelievable house here. We're from Victoria, but he owns an unbelievable house on the water. Got wealthy, started your business. It seems to be a common thread. Everyone knows who this is, right? Yeah. Cool. Now, this is a bit of a mixed bag and is more for the ladies in the room. Although, gents, if you do have the answer, shout it out. Does anyone want to guess how she got wealthy? Not how she started to get famous, but how she's made a lot of money. Okay, I'll give you some. I'll give you some tips because it's skims. Here's this doll. The gentleman in the back here. Are you a user of the products? Okay. Okay. Wonderful. 

Kate: [00:18:28] I think she. 

Owen: [00:18:28] Was a yes, by the way. Huh? 

Kate: [00:18:30] I think she does skincare. 

Owen: [00:18:31] So skin care cake is a cake. She owns a bunch of different businesses now. Obviously, you got fined for pumping crypto or something recently, but that's all driven. It's a whole different thing. 

Kate: [00:18:40] I think the point of this whole segment is that you can build wealth by investing in things. And what we talk about a lot is investing in businesses and the way we invest in businesses. You can buy shares through the stock exchange in Australia. You've probably heard of the ASX, the Australian Stock Exchange. So things like Telstra and BHP and CBA, you can buy pieces of that company. You don't have to work there, you don't have to deal with it, you don't have to deal with the customers, but you can actually own a piece of that company. And if a company does well, you get to benefit from that as well. And that's what we actually love talking about, is exchange traded funds, because it is a lot of work to decide what company, what shares you want to buy. A lot of people start investing and they go, Oh, I want Disney. Or they'll buy whatever's going really well at the moment. But we love talking about exchange traded funds and we use the analogy of a box of favourites recently. So instead of having to buy the crunchie from the supermarket or the What's another country cherry ripe, you can just buy a box of favourites that has all of the chocolates in it. And so you get a bit of everything and we love that because that's diversification. But if you want to invest in the top Australian businesses, you can buy an ETF and the people running the show will go out and buy all of those top Australian businesses, put a bit of all of them in a box and sell you units of it. So it makes it really easy for people just getting started with investing instead of having to make all those decisions of which ten or 20 companies I want to invest in, you can just buy the box. And the great thing is there's a box for everything nowadays. So you want to invest in U.S. companies. You don't need to decide if you want Tesla or Amazon. You can buy the box and it does it all. And there's even ethical ones nowadays and thematic ones that if you just want robotics, there's something for you. So I'm sure you'll hear more today about the different thematic ETFs. We talked about ETFs so much in detail in our recent mini series on the podcast, and we use the books of favourites and I eat a lot of chocolate in the meantime, but they're a great way to get started. 

Owen: [00:20:49] Yeah, yeah. William Heads up. Anyone who owns an ETF. Awesome. That's more than half. That's great. Hands up. Anyone that owns individual stocks. About the same. That's good. So when we've said that to our members, the most stark was about six months ago. We surveyed our members and said, Are you going to invest in ETFs in the next 12 months? 97 and a half percent said yes. The stocks, it was 71%. So this is like a tectonic shift where people are like, I prefer ETFs. I like this. This sounds simple. I remember when we first started talking about ETFs on the podcast. Kate. My brother in law said to me, This ETF stuff just makes sense. Why would you not just invest in one of those? And we think, why not? Right. You hear different stories from different people around the traps. There's a lot of people here that have a very centralised view. We don't really care if you use ETFs like we don't insure them, we don't make them, we don't do whatever. But we think they're great. We also think individual stocks are great. We also think property is great. We think everything's great and you can do it all. This is just a really simple way to wrap it all together. 

Kate: [00:21:51] Yeah. Yeah. And the great building blocks. So when you're a new investor, building your portfolio, you're thinking well, we hope you're going to think with a ten, 20, 30 year time horizon just like what your super funds are doing for you. They actually use very similar things. Some of them use ETFs, some of them use index funds in their portfolios. So the experts have kind of figured this out, but it's been a bit of a hidden secret for a long time. 

Owen: [00:22:15] Yeah, I was up in Noosa this week and I was chatting to some like really hardcore investors and these people like started investing for ten years, right? They're like gods of investing, right? And even amongst them, they're like, this makes sense and this makes sense. And these are the people that have studied this for a lifetime. And so it's not just people like us in the room who might be beginners or new to investing. We're just looking for long term, simple stuff. It's for financial advisors, it's for everyone. And so that's the great thing about these things that make it easy and make it accessible. So we want to leave you with a few ways that from I think right now I've done maybe 400 episodes, maybe I've done a few extra 100 on the Investors podcast. And we want to leave you with five things that you can take away today. You should not take away all five of them. We just really love it. If you think about one of these things, I can see some notepads around. It would be lovely for us to see you. Just keep a note of these five things and try to put into place one of these things over the next 30 days. They're very straightforward. Try to, you know, keep, I guess don't be hard on yourself. That's one thing that we've learnt about investing, but just be hard on yourself. Put one of these down. It's a lot simpler than it seems. Okay, here we go. 

Kate: [00:23:34] The first one is to earn more, and that's by investing in your career. If you haven't negotiated your salary in the last few years and you're in an industry where you're able to do so, this is the year. Because if you earn more and you're spending less, that increases the amount that you're able to invest for your future. Of course you want to have fun now, but it's also a good idea to look after future. You and my main action tip for this is start keeping a file of all of your achievements, all of that glowing client feedback. Every time your manager says, Oh, great job. That was great because you're on them, your boss is not going to remember all these things. So keep a file, whether it's in your inbox, print it out. And so then when you go to your performance review, you've got your case, you've got your investment thesis, if you will, of why they should pay you a little bit more. So invest in yourself this year. 

Owen: [00:24:20] So think about if inflation is, say, 5% and your wage hasn't gone up 5%, you are going backwards. So remember that, right? So that's a good case to be made when you go and speak to them. And what we would say is make sure you prep for a lot of people. Go into that in your review, they're like, Hi, I'm here. Tell me how well I did. You tell them how well you did, right? So the second one is win the lottery. Okay. That's a bit harder. That's a legitimate issue. 

Kate: [00:24:45] Well, the premise of the speech was get rich really slowly. So I guess.

Owen: [00:24:49] That was maybe my one that I put in. But interestingly, when someone wins a lotto, the person next door to the person, the neighbour. So the person that wins the lotto is in like a suburb, is the most likely person to go broke because we try and keep up with the Joneses run, which we say to our neighbour, they've just bought a brand new Tesla or whatever and we try and keep up with them. So we have lifestyle inflation. So this is I guess a lesson in envy is just trying to avoid that. Run your own race and it's okay. Everyone is different. That's point number two. 

Kate: [00:25:20] Point number three, if you haven't already, though, it seems most of you have opened a brokerage account. You're allowed more than one. You can try them out. Yeah. You want to mention a few? 

Owen: [00:25:30] Yeah. So we will mention a few. And full disclosure, Paola is a sponsor of our podcast and so is self wealth. So there are two responses. So we've mentioned them and we actually presented at the pillar event called Get Rich Slow. Shout out to those guys. We've got a stake here. We've got CommSec, we've got a bunch of different brands in the room. It's wonderful. You can choose more than one. Try them out. As Kate said, you know, a lot of people get hung up. Is this one safe? Is that one safe? They're all really regulated. Just make sure they have an ad for sale, which you saw the Equity Mates one there. So that's it. And you can use ETFs to get started. We say start with ETFs over time, build your confidence, then move into individual, individual shares. 

Kate: [00:26:08] The most important thing is to get started and we've really small amounts. So some of you may be familiar with RES where you can get started with just $5. The important thing is to feel like an investor. Instead of just being a consumer, you can actually be an owner of the economy, which is a really cool feeling, like you walk into that Maccas and you own part of that company, even if it's just through your US ETF. Yep. 

Owen: [00:26:30] Kate, you recently bought a property. 

Kate: [00:26:31] Oh, yes. That was a fun time. Yeah. 

Owen: [00:26:33] So could you use property? 

Kate: [00:26:35] You can use property to invest in and property is a slow journey. And we spoke to Pete Wooden on the show recently. He's a property expert and he reminded us that it's a snowball. You've got to slowly work at it over time. The property is not an overnight thing, especially with fees. 

Owen: [00:26:49] Yeah, here in Australia, here in Sydney. I feel sorry for you guys. It is so expensive, right? The important point is don't compromise on the House. I come across a lot of people that buy off the plan. It's very risky. I see people that buy apartments that they don't like. And over time, what you want to think about when it comes to property is basically the land value, because the land is what goes up, the property actually depreciates, actual building goes down. So you want to try and get the right balance between land and property. And I think if you take one thing away, you know, we talk to a lot of different people in the show and all of you will know this. The first property is most important because this is the one that will set you up for the future. So I don't put pressure on you, but take your time. You know, we're currently seeing house prices fall, right? So that's a positive if you're a buyer because all of a sudden you don't need as much deposit. It's going to stamp duty changes here in Sydney, not in Melbourne. We still get that suite. So that would be number four. Number five. 

Kate: [00:27:50] Start a business and possibly lose your head. 

Owen: [00:27:53] It happens. I'm not going to add to that. We have, by the way, courses on every single one of these things. So we have three courses on the website. One of them that we launched recently was starting a business. We've already enrolled 2000 students into that and it was on there a couple of months ago and that's awesome. It's so cool. And you know, when we went about doing this, we're realistic. Not everyone's going to start a business like Kim, MJ, so on and so forth, but the stock market exists, so you don't have to. The stock market is how you invest in someone else's business. That is the key point about the stock market. Anyone tries to flog you some trading strategy, just remember what you're buying is a business and for the long term that's when you benefit from it. It's really simple when you just remember that we're going to take questions out of the media lounge, come and find us. We've got books to give away, but we need you to do one thing. If you want a free book, here's the one thing you have to do.

Kate: [00:28:50] Yes, you need to come up and tell me or tell me your favourite money hack. I'm off to new ideas for the podcast, so if you do that, it's a. 

Owen: [00:28:58] Transaction. 

Kate: [00:28:59] Win. A copy of The Psychology of Money by Morgan Housel, fantastic book, and I think there's an amazing number of people here today, and I think that should just be an encouragement for your investing journey that you're not doing it alone. There's a lot of people that want to take control of their financial future alongside you, and you just need to get started. And it looks like so many of you have, which we're very surprised about because we thought we're doing the beginner talk, but that is fantastic. So keep going. Use this as inspiration for your investing journey and all the best for your financial future. 

Owen: [00:29:28] Yeah. Thank you, guys. For about 23 books to give away so made us over there bringing some money back. It's a transaction. We're going to look forward to it. So thank you all.