The Clever Dummies Podcast
The Clever Dummies Podcast

Episode 30 路 1 year ago

The CDP // Ep30: Money Talk

ABOUT THIS EPISODE

In this episode of the Clever dummies Podcast, We talk about money and our money habits. Money habits that we have developed over the years, some good and some bad. So join Aneeqe, Lachlan and Conor Mac Cormaic, aka Half Man Half Noodle. As we talk about saving, spending dollars and some of the biggest money rules.

thecleverdummiespodcast.com 

Ste the help start things. But ultimately, when you're secular as as venues, whereas this is one, they're more they're going to think more of evening everyone, welcome the episode number thirty of the clever dummies podcast. I am one half of the hosting team, a Luckey, so good to have you on board today and, as always, joined by an k young brother. It's I'm good, I'm good, I'm good. You know, it's a wonderful day to be alive and I'm happy to be here. You know, wouldn't be anywhere else on a beautiful Sunday night in this lockdown. That I mean, yeah, that I can do much, but you know, I would rather be doing this podcast anyways. A hundred percent brow, and that's one of the beautiful things. My you're like my eggs, the way I like them. You're always sunny side up. So no matter what life is throwing at yeah, outside of my member I like you, still rock with our ribbon and Terence, are so good to hear when you when you said you're just like my ex I like the sunny side up. I told you said X I was like sunny side up. This, I mean my imagination was running wild. Dude to that message, but it's gonna say that a new category I haven't heard of, but anyway, was that one. So we got a very special guest today, don't we? Buddy, rejoining once once again after almost a year to show off a year good al conor Connor, say hello. Hello, gentlemen, could to have you as always. I mean it's always good speaking to you in generals, but it's good to that's why I was like, gotta get canter back on, because it's always a good conversation. Plus just like a nice catch up you know as well. So, yeah, welcome back. Yeah, being almost a year since you were last here, it's funny, like you guys signed much more in sync and like so much smoother even in a year's time. It's crazy. Excellent. Yeah, that's it. I mean we've got a fed up with yeah, that's rights's what's right. Put in almost you know what, our best work happens in the lockedouts, because that's when people, I actually have nothing better to do than to listen to a podcasts on. The pressure is on Russian form. Yeah, we really step it up, plus we really have nothing better to do. So the energy is a little there to actually to pour it out. That's right, and like we both mind up now. I think my head saids all good, to go reckon. We'll just we had a little bit of that radio by last time as well, but I we used to just just rambling on radio. You're playing songs every five and ten minutes as well, so you sort of just getting in as much as you can. Not so much in my brating, because you're like Ya, see, bounce really quickly off each other, and now we're obviously getting more comfortable with the podcast format. So yeah, excellent. Rod was at the same it's the same theme song is the last time, or was there a theme song last time? These are theme song, but I've stopped using the theme song in the podcast. We do it, you know, in better after so close enough. HMM. That was the sad sound that we play when something goes wrong. I was vibing the the theme song. I was off in the zone hundred percent and going back to the heritage as well. That's why they do it. Obviously, one you're not just hearing like say, eight a m in the morning. You're not just hearing the news, all the all the weather report and then he hearing people talk. The sort of like a way to separate people's brains. So they're listening to people talk that he like just generic noise, and then there's a new thing in and it's just like the clean little cut. It's weird, like even just starting it off the like a couple of seconds and make it go. It's like sometimes it doesn't work. You need like that little couple of seconds of viewing, and it also sounds better too, but it's like a good it's good for us on our end as also very good. Just a feelings. You're not going to get copyrighted mat yeah, HMM, I don't worry. Copyright free, royalty free music libraries your friends, so you know gonna find those. What's any doing of the week? It's been a minute. Look, Connor, I haven't had this was the first time I spoke to you after a couple of months as well. Last time I spoke to you, things didn't seem so dumb, but you know, this tithing to do. Yeah, how how have you been? What's been happening? You're really good. I mean, I guess we're in the same position that we were in last year, as in lock down again and Melbourne, but totally fine, as in, like I'm still working from home and, yeah, like having a good time. I'm reading a Lot, I'm still working out from home, eating much better than I was. I stopped really, really, really, like you do look really good, brother. Well, thank you, luckily, and thank you. Yeah, I do you think we get better at the lockdown life that we feel like this? Yeah, fun rounds. Yeah, at least less of a Bi this time last year, and he can be. We went that like calorie restricted, that I started working out and that was amazing. For like three, three four months, it was like eating the same thing every day. I was like super regimented, getting up at six am, cold showers, meditating, journal and gone for walks and that was such a big change for me. Like that three four months was amazing. And then, I suppose Decembridge, January time, stuff started easing up. Fell off the wagon, was drinking again, gone out all...

...the time, eating like like Shit. Yeah, so this past few months like go on Kido and working out more from home and trying to get the better head space and using the sort of time at home a bit more productively. It's kind of like a mirror of where we were at last year, which was great, and it's bea it's been really good. Just feel real healthy and, like mentally pretty strong. It's good. I think that's something to that, because I've spoken to a few people about it as well, and like the having more time adjusting life to lockdown, or particularly a second time, where you going into it kind of knowing what's not going to happen. It's, I think, the unexpectancy. You do allow yourself to take some time off, and the Diet and the routines are all the things that take the first go. So like you can just start to implement those little things and you can start to use it for your advantage because you do actually eliminate some of those the other things like that, a lot of unnecessary travel and the little things that we have in our regular life. You are actually spending more time to read and do these things. But that's so good to hear. In regards to being key too, right, like what's your do you track that? Are you tracking your overall macros or you just trying to keep it superlow? You trying to knock out carbs at all? Low carbs? Yeah, just just not retouch carbs at all in terms of portions. I I was doing like fast and for a while doing eighteen six, where I was trying to eat like wake up, have a protein chick and then have breakfast and lunch and then fast for the rest of the day, and then I swap that around where I was doing fast and for the first half of the day and then eating in the later half of the day. We're now it's just keeping the carbs below twenty five grams a day and eating whatever I want for the rest, and it's been yeah, fine, I said I wasn't drinking for like maybe it weeks, sixty eight weeks, and that was really helpful because even with like a little carb drinks again of throws you out of bit. Yeah, and the way that like we need a lot of insolent to break down alcohol and there's no macro nutrients apart from carbohydrates in some drinks. But it's basically like you're having carbs and there's also like a I notice even if I'm actually eating all right, if I'm drinking a bit more, I have like this like a little bit more blow to me. So like I look at little bit softer, a little bit flabbier, so, even if you're eating well, if you're still drinking, particularly every day, it's very hard to outtrain drinking, you know what I mean. So that unless you're, yeah, running a Marin every day. So that's yeah, and even even that, whole the mood aspect of drinking, like life, I really struggledly and in a day or two after I always feel pretty low, even if I haven't that much. So even that's been a big wake up call. And the and being foggy, and that's the biggest one, when you're not just super sharp and snappy, and that's that plays a huge ruling how you feel and you know, just just feeling that. You know that for clear up. I think that's super important as well. I think so. And then with anything, especially when you start feeling forgy, it's easy to just fall into a Rut and those rutscore take you down very quickly, as we've all learned in the past. Couple of use yeah, hundred percent. Yeah, and I think you're quality sleep gets effected as well. You do go to sleep and you know, particularly if you drink it fair bit, you crashed like a cheat and I could tree getting cut down, but you don't enter rend sleep. You're just not physically able because your body is processing alcohol and it's not able to function regularly. So I think the lack of sleep, the obviously the excess calories we get at the end of the night and the fact that our cause of toxin as well, like all those things out up. But now that's so good. And Yeah, so, what was I going to say? I can't even remember. Oh, yeah, I was. It's going to wrap up that foggy Y who'll be drinking is but it was from the because I've done kyto before. I've done the intimate fasting as well, and the most practical use for in a minute fasting for me is just how quickly I can shift from eating really poorly to in a minute fasting with a good diet, so I can implement it straight away and then I immediately start seeing the effects of it. For me, it's not a long term thing. After a few months I have to start eating breakfast and start moving, moving things around, because oftentimes you get really gladness in that window that you're able to eat. But like, I can't recommend it enough as well. And KIDO's no joke. Like you realize how reliant we are upon calves as well. So that's that's yeah, it's a lot of discipline to keep going with that because obviously, if you you know, if you don't eat Kido for a day or two, you reset basically all your hard work you've done, because your bodies like all calbs. What's that? I can yeah, just this a lottle easier. So you got to stick with it right, like, you can't just yeah, you can't just sort of go one day or one day not, like you're just not getting the same results. It's funny how even just the sort of rules work so well going I can eat this, I can't eat this. I think it would be amazing to have that in so many aspects of your life, just having those rules. It makes things so much easier. For sure.

Rules that and this is the interesting thing right now, which will probably bring us closer to the topic at hand today. And you know, by the way, kind of couldn't have good enough for a better guest to talk about the topic weird buddy talk about today. So just having rules in general. I used to be, I used to be a big hitter of rules. You know, I just thought, you know, having rules is just so stupid. You know, having routine, and so many people always said or having routine means freedom. Like the fucks does that mean? You know, I'm a I know. You know I'm going to do what the fuck I want. I'm going to just sleep when Iver want. That's because that's the cool thing to do and you know that's liberating and all that. But turns out it's the other way around, especially if you're trying to, you know, explore true freedom of mind. When you're talking about it, you know. So it's when you actually do set those rules so you can be free to do the other things. And even, let's say, you know, talking about being on a diet and watching what you drink or eat. You know it's all good, or even like saving money and whatnot. Right it's you go, Oh, this is so depressing, but the moment you go, you know what, I'm going to take a week's holiday and you know, I can do whatever I want and you won't feel bad about it. You actually enjoy it for once, because normally you wouldn't because you know, but now you actually deserve it. But so many people, you know, take that deserve word. So you know, so generously, if you will, you know, they go wash their face and brush it. Their teeth are like what I deserve a glass of wine and sounds. I got up and said, you know, now today I paid my Billo yea on. I just and with the dialing, and it's like with a lot other things. There's particularly if you're you're like you're really needing to change because you like you're really starting to slide. You know, the is really uncofortable first, but when you start process the food a little bit more or you start to realize how much the food has an effect on your mind. The same with anything else, the same with like sticking to a sleeping schedule, work schedule, whatever else. It's really uncomfortable at first, but then you realize that that, like those boundaries, like those broad for us to drive on, makes the path really clear to use, like an analogy of a highway. It eliminates to you turns and the this and that that we feel like we need sometimes. And then when you take these things, they're like what they're. The best things in life is when you can go and have a few drinks with a made into all these other things, but when that's your life instead of he like it's yeah, that's all for sure. Connor, you live you actually have a set of rules that you live by almost now. It's funny because I've known you for for the time that I've known you, I've seen, apart from, you know, obviously when we first got it to lock down. You know, I've seen you to live by, you know, certain set of rules. Says some you signed to sound like an assassin, but you know, you do like you know. I've known you to be very well put together in your routines. You know, do you? And then obviously the ice and only had ye skills. You know, you we also there was a time, you know, we also basically dropped everything. There was no rules and it was just basically every men for themselves, I guess, when the lockdowns first started. Yeah, do you drink? How much of a difference do those boundaries actually make? What do you think are huge? I guess like this time last year when we sort of started look at these things, things, getting up at a sort of five six was a was a big game changer, and just going to bed at ten, no one. Six Am. I'm going to get up and that's going to be there's no question about it. Things like journal and Meditating every morning. I have been great, even if it's just like ten minutes of each it's sort of sets a good framework for rest. Today I find some things have changed. So again I was like going for a walk for half an hour every morning, which I think I should probably try and integrade again now. It was super because you just get move and getting your blood flow on and then you sit down to do some work or whatever you do. You're like a different headspace. The sort of keyto thing has been great. In terms of putting rules and restrictions around eating, I find it just freeze up so many different things in my life. Even I had like some beers today and because I hadn't had drinks for so long, you enjoy them much better. It's like that contrast is great. I think I would love to try and get rules from more things and I think that would probably make life even better. I agree that's isn't that interesting that we spend half of our life, you know, running away from our rules? You know it's don't we hate the rule so much, you know, and then and you get to a stage and you're like, I damn, I need to set those rules from myself. Yeah, and that's as if illumination is like it's like if you had really strict parents growing up or you didn't have strict parents...

...growing up, you always tender, you always tend to like I've been reading this really good book called raising lines and it's I've only just started, but it's a book on parenting and, like kids or human beings are, our first instinct is to sometimes be really hesitant towards people trying to implement rules in our lives. But it's like key to the happiest kids, researchers always points to. The happiest kids are the ones that have the discipline, they have their regular sleeping time, they go to sport here or there and everything else. And like I was like that, where I was like went to a private school for most of my life. My parents went two streaks, but I was sort of like pretty sheltered and then I sort of like freaked out teenage years, early s and then I was like Oh wow, a lot of the stuff that I learned when I was younger that I resented the same sort of rules, if you will. It's a lot more complex than rules. It's like more systems, right. It's like a systematic approach, but then he starts to bring them back in and then now, being a dad, I'm like yeah, these, this is the way I think to do it, and then he continued it on. But it's yeah, it's good to be talking like one of people in that regard because it's really fascinating. I wanted to quickly ask you about your Medita. You're sorry, not your meditation, your journaling. We can talk about meditation as well, but do you do you have anything you like to write about, or do just like take something out of your head and just put it on a paper? What I like? I've done different things, but what I'll just usually do is do like a recap the past twenty four hours. So things that have happened, good stuff, bad stuff. What covid cases? Yeah, fucking start. So like, if you're doing it every day as well, you can limit it to that twenty four hour window, right. That's really good. Yeah, yeah, and and like there's no cases. He there's no real like structure to it. It's like these things have happened, this has been good, it has been bad. I'm concerned about this. I want to work on this. Yeah, right line for the day head. Go on. These are like three or four things I want to try and do in the in the day head. Yeah, and there's no limit. Are Short it is, how long it is. If I've got time, I'll just like word vomit and just play it out. I can. I played about with that whole gratitude thing. A lot of people say, spend some time right down three things you're grateful for and don't write things like Oh, this cup of coffee. Try and put a bit of thought into it, because it's yeah, it's so easy to be like, like lucky to be, you know, in this high st with a cup of coffee or whatever. So, yes, stuff like that, and it's just like a nice way to kind of blank your mind and figure out what's going on in your head. With the same with meditation. It's funny. I'm so unaware of what's going on my head until I sit down to try and think about Nahan, for Tim and Ittes, and then you go on actually really worried about, you know whatever, like what I'm eating or I'm feeling, I've got this weird pianoma shoulder. And unless you take that time to do nothing, you can be coomlee unaware of that and I can sit in the back of your head and be pretty distracted. Yeah, we're distracted so much. I was even thinking about it watching TV today and I was look at it. Addam abbey just like roaming around and she's like constantly looking for stimulus because she's not able to con like what we're watch on TV. She's not over understand it's not able to look at her phone like some of her toys she like, some she doesn't like. So she's constantly moving around finding things to do and I'm like it's a pretty amazing how obviously phones, but well before that, TV's really came into our lives and just gave us something to switch off and though that's good in sometimes, like a lot of the time, we just use it as a way to escape right and like not meditative and just sitting down and talking to people, not having the electronics in front of it. You can kind of get into that meditate stake because you're thinking and you're like reacting. It's like, yeah, my name has been sought today sort of things. So that's some that and I think starting the morning off right like that's the big thing for me personally, is them like winning that early morning battle, because that's when you're yeah, that's when. For me, that's it takes. Sometimes it takes me a few hours to get in the right mindset that I need to be in for the day. And so doing it first thing like that, I think. So super yeah, probably the best time, for sure. Just a quick question, connor, with this, just to wrap up this little topic. Right, when you mean Johny minutes right. Yet when you when you write your journals, right, how how acute are they to compete? What's in your mind? Is it as in, like, are they that accurate that you wouldn't show anyone those general that that's just for you? Or Yeah, you wouldn't mind showing it to someone else, kind of Um, I I have it on my computer, just in notes and I have a password on't so that it's just for me. Like, I wouldn't. I wouldn't show anyone it's completely accurate. Yeah, but it is in regard. If someone saw it, I think it would...

...be like you not putting someone's death in there, like yeah, no, well, I could be, I could be. Just watch your that's what I mean. So so what you're telling me? It's not reason why you're doing it is that you're doing it. You don't care, but you don't, you know, you don't want people to look at it. Yeah, rightfully. So, yeah, it's you're not. If you're not doing it for that reason, then you're doing it for the right reason. Right. Well, like I'm putting down in their stuff, like be a bitch and about things that am annoyed about. It's like totally frank and honest. Yeah, totally, yeah, that's awesome. So, but there's nothing like, you know, since, like it pm last night there were four hundred forty four cases, we could it me deciding to kill people that they health Meness, that looks like the unhealthy person in the state, like all of that stuff. I know, also Conna just a quickly, right. So we also decided to give some structure to the podcast and there's some mendatory questions that we decided that will ask. I know the answers to but I'm going to quickly run them through with you and then we'll switch to the topic hand, which I'll quickly introduce as well. So we're going to talk about money, or the psychology of money, and saving money, investment, all those things. I've been really exciting to excited to talk about that. And Connor, you know you and I had many conversations about these as well, and you know, Laughlin and I also have like changed drastically, however, money habits were and are, or used to be as well. So I think it will be quite a fun podcast to quickly talk about that. Do the question. First question. I know the answer to this, but I'm gonna ask you. How do you take your coffee or how do you like your go? I'm so good, sorry to cut you off. I'm so glad you want robot. This is all. I actually went on too the the the podcasting website where we have all this stuff, and I was like, what am I trying to pull up and then eat your own man. Anyway, I continue. How you take your quick? I at the minute I'm taking my coffee black. I've got an espresso machine the mint, so it's like making along black. It is how I take it. Awesome, perfect, long and playing just how and the ever put like a little bit of water in it. Some days you're like, I don't want to hate, or do you just bring it on? Just plays on it. Sometimes some cream. It depends nothing me, because of the key to thing. I actually are right. I threw right a big thing, a coffee bit like last week, and he when I moved, when I moved highest, I had this humongous gallon of coffee. Met that in neigue laugh. So good, so good. I just thought. I was like this is not keyto have to throw on it. Even so, even like artificial sweetness, even though they they don't have any carbohydrates or sugars in them, like the effect on your insulin after about to tablespoons of or like artificial sweetness that's non like no calories. Basically your body. Ston Ridge is the same way. So you can't just like people just think I can go artificials, weittness all day, even though it's not the same as sugar and you can have a little bit here. They're not jump out of Ketosis, or at least being keyto you can't just like go to because I was just going crazy and I'm like I don't really feel any difference or still go the folkiness in my head is like yeah, just a little bit of sweet enough, and that that craven from more like you. When you have some. He just want wrong. All right, yeah, insatitionable yeah, it's a dig. This to the second close to the question, which goes hand to hand. What are you that earth? What are my thoughts on what? Sorry, the Flat Earth? Oh yeah, flatter all away. I'm a big fan of the flat earth. Yeah, so, but I was I was looking at the beach today and I looked from one end to the other and I couldn't measure a curve. So, Hey, that's pretty kind of remember the documentary we washed, I think you were there, about the flat earth. WHO's trying to prove the earth wasn't was flat and in the old documentary didn't real I was what's that? It waslarious. All right. Move on to the third question, which is probably this one. If you what is your most embarrassing memory to date? Oh, you can, you can sky the surface or got the deep one? So this one can sometimes be hard. The thing that I found the easiest way to answer it was the first thing that comes into head. It might not even be the total thing, but it's like I'vewise you just going to be like, Oh, what happened? I was under if you hear the word embarrassing and memories, what comes your head that? Well, when I would be it when I was maybe nine or ten, I remember watching this TV show, and I mean I shouldn't have been watching at nine or ten, and it was called it was called you o trash, and it was like a softcore adult TV show, right, yes, and I remember telling the guys at school and they thought it was funny. And once my mom was leaving me and my mids the swimming so and then this guy in the backseat, John John Kerr he lent in. He said, what was it even that TV show that you watch, connors? It call you o trash and what a dog. What a dog is? I'm my mom just looked over at me and she was like what and I just wanted...

...the world to swallow it. It was like the most embarrassing think. Did your mom saion with you later or did you was it? No, that's now. I'm not sure. I'm not sure if she knew what it was or she just was like let's not have this conversation. Yes, yeah, I never asked. She never asked and that was it. But I just every time I've seen John, like three years ago, when I'm back home, I just thought, you piece of Shit. You know, this actually must be something right couple of a couple of months ago, or I can't remember when it was, right. So my phone was connected to my Car's Bluetooth, right, and my dad decides to smart my car somewhere, right, and I was busy, right, I was. I was on my phone, you know, and then, and then, and I don't see it. The thing is, I don't think anything went through the Bluetooth. But later, to much it goes. My Dad goes, can you unconnected Your Bluetooth? And my heart didn't stop for a few months. He said, I gotta be the day he's gonna bring it up. That's what today, Tony Bullet, you've got it. Anything, I gotta be careful. Right. This other time actually, funny enough, one of our one of my old ex bosses, explosion. My old boss right, asked me for something to do, like I remember what it was, but he asked me for my phone, right, and nothing serious was that. I searched up, but I remember there was a tab open on chrome and I looked, you know, I was looking up at certain someone, you know, Johnny since. Right. I was googling Johnny since, and I know it was for me, but probably fascinate Johnny. See the mold differ past the pass the phone and then I because I can't remember what it was for, but he was looking something else. But when I got the phone back the TAB was open. I was a good I was like, I am going to die. Yes, so it's free funny. All right. On to the next question. This is a bit more interesting one. This is something we all could answer, I guess. What do you want to improve on or removing your life in the next ten years or we do you want to see yourself in the next ten year? That might be to day. Just what do you want to improve on in the next ten years? Wow, so much, I think. Oh, yeah, I want to eventually get a high site right somewhere in the Bush that's like sort of an appropriate size and fordable and not have to worry about paying a mortgage off for like thirty years. So I'm in the middle of trying to figure out getting land and like looking at tiny houses and sort of figuring out a way to get a permanent structure that's not going to cost four million dollars in Melbourne. So I love that. Yeah, try and figure that out a bit more and make it happen, because I think it's very like achievable, but it just takes a lot of risk and you need to learn. I don't really know what happening about that. So like learn more about that and be more comfortable taking risk. Perfect, perfect topic, at hint to the heart, because hen to and we're talking about a hundred percent the bonus question. You can answer it if you like, but not. But I've got to ask anywhere because I'm obligate. It tasked. How big is it? So big, so big, good, all right, on to the town too, they on big. No, IT'S A it's a sex out of sex. Actually, yeah, that's hey, hey, talking about, you know, self improvement, and this is what we talked about as well. There was a podcast we did, I think at the beginning, and there was this thing idea that I was playing with at the time. You know, I was, I was realizing where were you focus and that's where your energy starts going, and that's when the true magic of things happened. Right. So the actual quote that I came up with was, you know, where were you and it where were your focus goes. That's where the energy flows and that's where where the energy goes. The magic happens something along those lines, right. So, and I was thinking about it, and this is, you know, talking about Diet and exercise as well. Especially in this past two years, the focus not focusing on this thing has you know, if you are someone who's not focusing on this thing, it's almost dangerous because, you know, things start falling out of place, and especially, you know, knowing with cobbe nineteen I was a great example that is so easy to have some unexpected things come up in your life. And I may not be another pandemic, hopefully not, you know, but something like that can come along. Right. So, being money smart or, you know, also focusing on your financial life and his never been as important as it is now, which is another which is another interesting fact, because a lot of people who are stressed...

...about things, money is one of the four pillars of stress. I think one is health, relationship and money. I think there's one more. I can't remember what one more is, but the part of part of the for pillars of essentially social. Yeah, yeah, so I it's probably socials. Yeah, although I think it goes into relationships. I'm not sure about one of those things, right actually. So, essentially, those are the you know, and that ends up becoming really important and ends up dictating so much of your life because you know, either you're chasing the money and you know, not doing enjoying your life and you won't get to do any of those other things because, you know, you start going into this phase of just trying to earn money and live the next day. So it's really interesting and you know I'm going to talk about this because I've had previously, not horrible, but, you know, certain I've been. I've been pretty good with money, like I can mediate really well, but over the years, you know, I'd also spend fairly. I would spend like I was a multi millionaire, you know times. But and I wouldn't spend on things like, you know, clothes and stuff. I was never, I've never been in just super interested in that, but more so like, you know, we go out for dinner, I just grab the TAB, no problem at all, you know, so those kind of things, like if I go out for dinner with friends and like without thinking, all those kind of things. So I spend use of about or the years, and particularly past two three years, I had to really become good with money and financially, and now I think this rules. I implemented, but few books. One of the books I would recommend that everyone, two books. I should remend that, and we own should read. One of them is I will teach you to be rich. It's written by I will forget the name of the guy, but it's a really good finance Ramit Sethi is here. Yes, that's a ramage, Ramage shady or something that. Yeah, and another one is barefoot investor, and I also don't know the name of the guy. And also, if you live in Australia, bayfoot investors are really good book to read. You know, if you any other country, any other country you can also read as a strength. Is Australian. Right, yeah, yes, Scott Paper, think, yeah, yes, got back. That's it. That's it. Yeah, so those two books are really good and they help them the help me shape, shape understanding of finance from where I kind of like really started looking into finance itself. So yeah, so few things I want to talk about. One of the things is connell. Start off with you, right. You obviously moved to Australia, quit your job and you know, do you think? And I also know that you really, really, really smart with your money as well. So how was there a big money chain or like men shifting mentality towards the money. When you move to Australia and obviously you know obviously you are living by yourself before, but you know it was like a different country and you know you'd obviously had to have to have to have a cushion all the time of your finances because you are essentially living in another country. You know you was there huge shift. I was having this conversation literally today about how when I was like much younger, maybe seventeen eighteen, I was incredibly like cheap with with money, where I would see I seefcfcf and I would like hit spent money. I would I'd never like shop my maid's drinks or do ath and I was always like just being super scrupulous. And then when I started teaching, and I didn't really have a great time teaching, I was spent everything I earned on traveling. So I would see, have all my money up, then get two weeks off, I'd go to like Iceland or some different countries, spend on my money and then start from scratchy and and did that for like three years. But then in that last year teaching, whenever I had the goal of traveling for a few months and at that time I didn't really know I was going to come to Australia, but I just knew I was going to quit teaching. I seved up I think ten grand in Black Pines, which maybe like Twentyzero dollars. And Yeah, I just spent the time traveling, being careful with the money I had because I want to stretch out for a longer period of time. And I eventually got to Australia. I remember sitting in a pub in Melbourne and I met your ARD, one of my friends who went to uni with and I ordered a paint and it was sixteen and I just thought, there is no way I can afford to live in this country. This is in see, like like to think a pinder beer in Ireland was like two pints fifty, which is maybe like four dollars, and mow. Yeah, it was like it was panic. I just said this like at this day had no job. Was My first day in the country. I had no idea what was going to do. I thought this is so expensive, there is no way I can make this work. And then eventually, within a month I got a job and realize the wages were so much higher over here. That sort of evened out and then I realized that that was also pretty expensive pub and you could get like pants for six seven bucks if you so it took a change of, I guess, the way I thought.

And you know, you're making you friends and a new country and you want to be generous and like buy your friends food and drinks and you want to be going id all the time. So it took a bit of like yeah, it's a bit of change, but thinking how I thought about money, how to how to balance even money and spend money, and living in a different country. I was living in sure houses for the first you know, three, three years, and that was fine because your your rent wasn't that expensive. That mean Melbourne is fairly expensive for rent, but when you're in to share ees of four or five different people, it's it's pretty manageable. Yeah, for sure. Well, I mean, yeah, Melbourne is really well price in rent actually, especially now that I'd I know, in Sydney it's insane. I mean you'd have to sell your left nut to my just left me yesterday. So I so, you know. I mean so essentially, if you look at how we were living in Kensington, which is just about fifteen minutes out of the city, right, if that, you know, if you were to live like that in Sidney, near Sydney Cvt, so you forget about selling your left nut, you might as well put your right up foot also, because that's what but you know, yeah, absolutely, I think there's some and that's it. Like, I think shifting those mentality as well, and I think those mentality has to be shifted. Quite often. The biggest thing that is misconception of saving and that I've learned was right, that you know, for some reason, saving means that you can't actually have fun or do the things that you want to do, and that's the biggest, biggest issue, and that's means people don't end up ever starting because they know if you start thinking like that, yeah, and never actually start. And that's the biggest thing. And it's not just in the guds for saving as well. This is in regards to, you know, how you spend as well. Right, it's much more easier to spend on thing easier to things, spend on things that are a cheaper right, because they're easy to justify. However, in the long run, you end up spending a lot more on those cheapest things and they actually go very quickly and post time. You don't care about those things. So one of the rules that I made was, like, I'm only going to spend other things that they make me happy. You'll bring me some sort of you know, bring me some sort of satisfaction or a value. Right. So that was like a simple rule of money. So which means, right, I pay for a whole bunch of subscriptions, right, so, like audible subscription, Netflix subscriptions and all those things, but I don't spend on things like, you know, like issues or expensive Jim claudes and all that stuff, right, you know. or or like some people like spending on their phone, like buy new phones all the time. I don't do that. Like I don't spend crazy amount on the cars either. So, like you know. So I can justify spending on like, you know, because I enjoy using audible or like in all those things, for example, because that is I think I've been. You've never been a guy to get finance on a car or get get alane to get something new, right, like you all the time look money for value and invest but and you still get really good cars. So that's one thing. You've you've always been really good at is that asset. And like I always feel like if you want to get a car, you want to. You know, obviously it's a place to get you somewhere, but if you are like us and you enjoy driving, like there is a certain element to it. Is like, once you buy a car at losers values, like I'm not really buying the car for the value of buying it, because it's an experience and I need it. However, you know, if you're paying four hundred a month on a car payment or you know, it's Times that by two and that's you know, do that for a couple of years and you can you can get investment property. So That's interesting. That's right. What that was like. On that idea, Ramat safe has that you've got these money deals that everyone's got the thing they like to spend money on. For you, like travel, or for someone else it might be like eight nights, someone else it might be relationships, and you have to have that thing and not really have guilt attached to it. You like, this is what I spend my money on, but I don't spend it on Nike Shoes, and that's that's totally fine and you got to like understand that you will spend money on something you enjoy, but you'll cut back in a different area that you don't and that's it. And I think this is the biggest things. Right. So so many people. Was Not so many people? It's normal. It's not. It's considered normal to want to spend money on the things that everyone is doing right. So it's easy. So, for example, like you know, one of the things that I was thinking when I moved back to Sydney I was like, how the fuck does everyone here has a my cities? I'm so confused, like what the fuck are they doing? Like I don't understand like the you know, how are they affording being can afford these cars and then afford these designer shoes and then afford a Gucci watching all the shit and I'm often I'm very confused and still I don't really have an answers. If you guys have any ideas, please, but I guess like part of it is you don't know what death they've got and what finance are taken eye. It's amazing. I mean people I've met over the years have got these really lavish lifestyles and they'll pick up the TAB if I'm out for dinner with like a few minutes and you realize...

...that they've got like a massive match of debt and it's a bit of a Flex Pan for staff, for having Americ but it's it's not. Actually they're not owned out right and they're sitting on minds the dead and you never know that. Well, that's exactly right, and I think that is often the case. So which which put is easy to see that and go, well, I'm gonna buy that because you know, you know also my special psychology in intertwine with it, isn't there? That's right, because you go, you know, when you look at the difficult that person has a job that roughly similar to mine and they're driving a better car than i. must be doing something wrong, like, you know what, what, how am I not being in a pull that? And so that is very easily. You can give into that and end up and up buying the things that you don't really care about because, you know, if you think a it's either normal or be. You know, you once again like social, social impact guns on too, and you go, well, you know, this wedgiment, one of the things that I talk to you colmor about. I remember talk to us, is the one thing in culture of particularly like Paksani culture. Right, cars and houses are husting, right, you like are you gotta have a expensive car? Right? I remember my dad said it's like, well, you cut, you know, your car doesn't look good. I was like, well, yeah, still doing me perpect, like you know, it's still doing me good, like you know, the engines great, zippy. What do you do? Right? I mean so and and it was obviously at the time when I was like in Covid so, like finances were a little I had to be careful. So I couldn't just go, let me drop five hundred FIVEZERO dollars on it and fix everything, you know. So they the other things that you had doing. God, but is huge. So if I give me to every other think of that. You'll be spending money on everything that you don't even really care about. So That's interesting. I think those number one thing is you have to really spend money on the things that you care about. So I think that's really interesting. I think second one is probably the big one, and then this is you guys can chip in on this one right when you number eight is obviously reducing your monthly outgoings. And number two is bit off bills as soon as you can write, not exactly as soon as they come in, but you know, bear them before the dudate. Guilty of not being them with the dud all the time I do. It's often and up being, you know, almost like one thos more for no reason, and that's like literally dead money. Yeah, but you're just right weeks off because you've got to pull your entire earnings together to pay the bills. Then you don't have anything left over and then it just like a cycle of couple of weeks of like calmness and a couple of weeks of like re restrictiveness where you can't spend anything. So you're actually like it's quite stressful, but we fall into that pattern where that stress is like kind of needed. Sometimes. It's really weird. Yeah, absolute, absolutely, I'm working that. Yeah, what do you guys? What do you guys think of that? Why is it that we so often avoid being the bills even though we have the money to be the bills? It's something like that. Procrastination things so easy. I mean it's the same thing as if you have to tell you know, if you said to your me. It's I'm going to go, go hang out you guys on Friday night and the back of your head you know you're not going to go. You don't tell them. On the Monday night you will write it I'd like five and you go our. I guess I often so. Yeah, I think takes a lot of work to get out of that, for just to be up front. And same thing is that when the bill comes through, you go out, I'll pay it, like I'll pay it later in the week and you just don't. Yeah, I've had to really tree and myself out of that habit because I was the same for years and then I would get these lid fees. I remember thinking this is so stupid, like when it comes through, just pay it, and now when my phone bill comes through, it's like just done within a minute of a coming through, but it takes a lot of thinking about to do it. It's so stupid. Yeah, there's sometimes there's a reliance like if we can definitely get into trouble by sacrificing what we need to pay for something else. So you're starting back into that habit of wanting to get something knowing you can't really justify it, but doing it anyway because you have the funds available, and then dealing with distress of whatever the late payment might be, or just the urgency of having a hit a deadline loos or something like that. or It's just even though you know that money like so you certain you own whatever you earn in the certain potentations that you don't have any more because you've got to pay your responsibilities off, but if you can just wait a few more days longer, it's like I still own this money. So it's kind of like a little bit of action there. It tends to be the first one more of the not you're trying to like talk yourself out of it, but sometimes it's like fuck, I just want to enjoy this for a couple of days. said that, let me forget. It's like three weeks later you get an email. Shit, yeah, dead collectors know what's what I find them. instringencing interesting is right. So I'm really good with rules. Most of my bills are automated right, but this one bill that I hate being and I always get a would do charges in right, which is tolls, like road tolls.

There's never been a time in my life where I don't have an overdue told told notice, right. I have a I have a freaking automated card, payments coming out of my thing, right, but somehow they always manage to send it right. Somehow they always just just happens, like they told wouldn't be. And then I get in house and I just never pay them. I just see them as a yeah, and then always, almost always, not always, but almost always at I'll end up getting a call from like been the finance. I'm like a half probably baby, and and I always find the interesting that what is the I'm normally so sane about all that stuff. Right, most of my bills go through track DA bet. I've got like different buckets of account going, money going through like everything is good, but it's that one bill that, when it comes in, I'm just like, yeah, what fuck this? Yeah, it's so. Do you think it could be? Because you think like it is a bit of a chip, that they will know it when the like, for example, the Mseven was built fifteen years ago, right, and the promise was made that we're going to pay this road off, never going to charge minimal phase to finance it, but then obviously, like shit, we make a lot of money doing this and then they hoisted a multi thinker part. It is like me and I already pay like car tacks, already pay my Renchi pay these things, and it's like fuck, you're just charging me a hundred selling dollars a week on just driving a road. Yeah, for sure, I mean absolutely, like there's probably that, but I I think it is probably a great inconvenience thing as well. Like, I mean, I've got my tag linked to my my curer card, right, so there's no point, when, ever, when they can't just take the money out, and they do it all the time. They fucking diag them bucket lots of money. Yeah, but if they send me a letter, or let's say something it doesn't be for sometime, right, send me a letter, I'd never paid until they hit the panther finance. Sometimes I'm actually almost proud of it because I know it probably cost them a little bit more money to get money out of me. Yeah, it does the same time, two cents for a letter. But it is stressful, right, it is. It is a fuck. You know, you know, in the long run, you how your career scoed doing that. But honestly, and that I find it interesting so I think often, and that too, most of most of the thing. The way I solve that problem was I automatic jact a bit all the bills that I could write. And now about the recommendation of the bank. Right, I use this bank. Go Up Bank right and I'll bank try. It's a quite a new bank, but it's back by Bendy. Go back in Banking Melbourne, which is, I feel, the disent size bank in Melbourne, right in Victoria, I should say, not Melbourne. And you know they have this like buckets and you can organize everything and you see the how much payments are coming out of your account. Let's say, if this someone took a payment out the more than was predicted by the bank, you'll get notified. So that's why I'm happily dragged a bit all the all the charges, and that works really well. So I think that's another one. That be you if we gets, if you bet your bills on diamond. Set those direct abits. You guys have many tracked episode up, or are you guys more of a Bi bill manually kind of people? I'm like, I used to be almost all directed of it and now I use a direct ebit with a Google notification. So my gym. And there's one more thing occurrent. What it was? I think it had something to do with yeah, it was from the government. I believe it was paying tax back and it was just like an automated payment. So it was like my gym, which you kind of have to and then when I was paid a bit of money back to the tax office. Everything else for me is like is one way. Like I don't don't use direct abits anymore and I resually did that because I found I could manage my bank fees a little bit better. But sometimes when you don't have the direct abbit you get to bank fees anyway. So I think it might have been like selfdefeating. So I don't know if it's working on. I don't have to figure it out. But what about you gonna for my phone bill? I actually should be on direct abbit. The bill comes through and then I just pay it online, and then other bills, like rent, is just an automated payment, electricity, all those things are bell comes through, then I pay it. There's no like. I've no reason not to pay it through direct ABBIT, other than Lazziness, I guess, even though it's more work to actually pay the bellies time it comes through. Yeah, I don't really. Yeah, I should come up with a better way of doing it, because I just paid them as they come through and it makes no sense for me not to pay them through direct abbit. I just don't. Yeah, is it interesting when you think about, particularly when things come to money like this, so many things that we do is is like, and the biggest thing is not talking about as well, because they sit down to talk about money, it's just cricket. Sounds unit like. You Go, people don't like politics are yeah, it's like it's...

...really it is really interesting. And then it's then your boss's linked directly to stress. So a lot often times it is easy to not talk about it, right. Yeah, and one of the things, so, let me tell you, like a horrible thing. I want more horrible to anyone else but to myself, that I did right. So before lookdown, I was training at the I was running MMA for a while. They are right, almost seven eight months, right, and then the lockdown hit and I was, you know, I em and then the first first few week that just kept charging me as send hi an email, I said, so charging me. I can't come to the gym. Right, we're locked down right in Melbourne and they said, okay, cool, so and then the lookdown got lifted, right, and I was like, okay, I'm planning on going, right. So I'm planning on going. I'll go soon anyway. So they started charging me again and they were. They charged me fifty bucks a week, right, so it was a very fucking big chunk of money. Yeah, but you know you got fifty yeah, fuck, you do so much with it. And it was annoying every time it came out. And then, and I said, and then we went back to another lockdown. So I was like, okay, cool, whatever. Right, and then they disappeared because they didn't change me to look down. And then, and then I remember last time and I said to them, I think it was a lookdown was just getting lifted, and they charge me again. I said, Hey, I'm about to go to on a road like, you know, go to Sydney, because that's what I was going to see. You can we boost by payment on pose for the next, you know, next two months, because I'm just going to be all this. Right, I was going to Sydney. And then I go in, lookedown as told him to put my payment on hold because I was like I'm going to go back to Melbourne and then, you know, I'll do this, and they said, okay, no worries, we'll put it on the hold and I can't forgot about it. Started again. Almost three hundred dollars. Yeah, just because I wouldn't say fucking cancel it, fucking consul it right. There's an amazing stat that I'm the like the strain Inste Institute of sported I think it was like twenty sixteen, twenty seventeen, and I feel like more people using the gym now more than ever, even though people aren't necessarily going. Stats are higher up, like more of them, not. You talk to people now and they say yeah, here or there. It was something like seventy five percent of people use it less than three times a month, and a lot of those of twenty four seven gyms, which are like, you know, fifty bucks a month or's not crazy amounts. Your specialist gyms that you're talking about is, you know, sometimes fifty hundred a week, because you're getting that, you know, closer detail, but it's like it's pretty crazy. But in saying that, it's one of those things where it's kind of we can almost trick ourselves in to say I've got a gym membership, so I'm being healthy, or we do. It is links towards a really healthy behavior. So I feel like that's a that's a behavior that we can actually go all right, I actually understand that, because at least we've taken the first step by signing up to the gym. But yeah, something like seventy five percent of people use it less than three times a month. So it's like, yeah, I like subscriptions are so yeah, like they just get so may be it's lessons have shifted towards that now, right. Like, yeah, it phones. Bro I didn't buy my headphones out right, the ones I'm wearing now, my headphones. I paid him off of the to use it was on a subscription service. was just like it was kind of crazy, like everything now, like like an afterpair type deal. Yeah, so this one was done directly through the company. So it's just like a rent to pay until you paid it all off. So it's almost like a phone plan, but it was just with headphones. neurophone. Shout out to those guys. Are the best. But yeah, it's like, obviously you've got all your streaming sites you've got heaps of different ones. But even like insurance companies, so many of them using that. They realize just how effective it is that if you can, you can implement that sort of strategy. But well, even like like photo shop, with piece of software that you would die initially for, like a special box, like yeah, great point night. Now you paid every month for the rest of your life. It's in Ye, yeah, yeah, yeah, it's quite clever actually, but yeah, super clever, and that's that's that's another thing. Like it's because, because I remember when I first ever bought Photoshop was, I think, like fifty die, fifty five Australian dollars. Right, there was the first ever photoshop I bought. I think now I probably. Let me see how much I'd pay for the creative suit, but it's almost close to six seven hundred a year. And then I keep thinking that first of all, that's every year. Yeah, crazy, I mean so clever on their behalf that they can get people to pay for that. Yeah, clearly. And you can do survive because it's the smaller amounts like that gobe software as well, Microsoft word like it used to be an outright payment. Now you can just get it I think I paid fifteen. Actually, I'm with U Nie, so they pay for me, but for that I was like fifteen a month. But yeah, if you have it for four years, that's friggin you know, seven hundred dollars. You're paying for a two hundred dollar piece of software. It's like yeah, Justin World and the six hundred sixty dollars per year just on. Yeah, creat it and it's likely that becomes a part of your life that you need. or I mean in the case of the...

...gym, if you're once a month ago on o next month ago, I'll go more and you just fail yourself and it you just justified exactly. I mean there's so many people I can think of would do that. So many people conor so many yes, that was so many people I'm talking. So there's that aspect, right, so that you've got the income, and then you got out and obviously behavior, how you spent. Now this is the and then this systems, right, and then this. I was just talking about being able to catch the stupid bills and you know, random charges and stuff, and this is that as well. So systems is important as well. I think remid talks about it and the way I've once again the reason I've set up all this, director, ever, because I don't trust myself to do anything right, because if I have made my money my account, I'll probably spend it right. So what I've done is, like I've got like cycles of automated payment set up right which, for example, you know, I've got different, like two, three, different bank accounts essentially, that I use. I've got a main account, which is like which is, I'm just a normal checking account, ried but that my money comes into that bank account and that bank's going takes it into like a savings account, which I use, you saber, and use savor and I also use Iang, and I'll talk about why. I used to two of those right. But ING and you savor have a slow brank transfer, so which is super intended, because what's interest of the money? And it doesn't dress her back into my checking account as quick right. And I don't have the cards. I don't have the cards for I don't carry the cards for those banks. Yeah, that means I will, I'm less like this, spend out of those account. So you say it was really good because you say we're works with your enny. Well, for me, the works with my Eneb and they have slow transfer, so they work really well for me, and those one I use for mostly small amount of savings, like, say, if I'm saving for something like, let's say, if I'm saying for a car, I will large the saving account with Ig and you really good, because they probably have one of the highest interest rates and all you have to do is spend couple bucks here and there from their card. They so they work really they change that last year, Right, Oh, really? Well, I was with Iang for the same reason that I was getting these in C and like interest rates, and then they changed it last year where the interest rate got cut down and then, instead of invest, you had to put in, I think, a thousand dollars a month and then make five transactions. But they changed it so that you had to I think you just had to have more money than the month before. And like that was me for ing. I was like this is not worth it anymore. Yeah, right, what are you using for you savings account? Now? I don't have a savings accoud anymore. I still have my ing a kind, and it's just it's just hold my money and I'm trying to invest more money in Aga index funds. Yeah, but I don't have a regular savings account. Sense that because, yeah, right, I was amazing. I think it was like one point eight percent or something, or like two percent. It was crazy. But since that I just have moved away from it. Yeah, I think this still have one of the higher interest rates like offering the market. Yeah, so, I think so, most of majority of the money, my majority of my money will go to iron. You Right. So like the money that I say this the interesting thing I found about savings. Right soon as the key thing is to get to a thousand. The moment you get to a thousand, it becomes easier to save. Has Anyway. Have you guys ever realized that? The moment you get two thousand and then it becomes easy to save after every dollar that you save after Ye, right, it's a bill amount thousands. Yeah, I think that's pretty so, you know, anything you're saving for, like, let's say, if you have account small account of saving for, like at the moment, let's say I'm saving for a saving up or a car ride, and I found because I saw my car and put that money in, it was so easy to just grow that account right, just like so quickly, because I'm not saving for that. You know, so it's easy to do. So if you ever turn and save for something, I think one of the key is to just freaking start saving as soon as you can get to that thousand and then from there, you know the next step. And no woods as well, and like this is the craziest thing, right, and this is one thing. And then look for the new bank, like when I said, like, you know, keep up to date with what bank is offering better, you know, interest rates and whatnot, because it takes a little, very little affort and you can actually earn, you know, almost, you know, a hundred, twenty dollars or whatever you depending on what you're saying. This is right for nothing. So, which is pretty I think it's really interesting. And so many people will just stay with the same account that they got since they were young. It's like it's like a not like a it's kind of a boring topic. It's hard to sit down every month and go, I'm going to figure out where I'm putting my money. It's like not very fun. It doesn't feel very reward and and you guys were saying earlier on there's that can like taboo by talking about money. So instead of like...

...being able to talk with your meats about money. It becomes really awkward where you could actually like share some tips and then everyone would get better at saving money and you could earn more money. It's kind of stupid that we don't like we're not more open with it. Yeah, and I think that's might be one of the beautiful things about cryptocurrency that's come through the younger generation. If you didn't seek it out yourself or you didn't have influences from parental figures, like there isn't any there wasn't any cultural push for younger people to be thinking so much about their money, like if you're saving up for a house and generally, if you had a partner, you're saying it like with then you do it in that way, but for the most part is just like it's not in the fabric of our generation, and I think it's slowly shifting as well. Like, I know I know more people than I don't now it seems like that a that a willing that can talk to me about like cryptocurrency, can talk to me about investing and it's like well, that definitely changed even over the last ten years for my brother's generation, who's a few years older. Like yeah, what do you think about cryptocurrency? What's your like opinion on on that at the minute? Well, I think it's really interesting. Like, I have not, I'm not in a position right now to invest in it. So I when I don't have a like, when I don't have a stake in the race, as they say, I tend to like I'm not in it at all. So I'm not just got like I can't just go to a shop and then look at stuff to buy. If I'm going to a shop, I'm going to buy shit. But for me, I think it's really interesting and it's like it can be an amazing way to build build money really quickly and even smartly as well. But it's just so new. That's there's just so much risk. It's still in its early if it's a stage which is just like Gameling, still gambling at the end of the day. So and it just I just feel like it's so it's at a point where like if son, like you know, someone like Elon mosque comes out and pulls bitcoin out of Tesla, like it the market still that that able to be moved. Like I think it's still really risky but, like as long as, just like anything, as long as you're not investing more money than you can afford to lose. Like go for it and if I was able to, I certainly would be in and amongst it. For sure. I think there's any gear. You've got some crypto later you're interesting. I've got some crypto or look, can ask you the same question that you ask not going before. Yeah, we we thought on Krypto. I don't know anything about it and like I've loads of myths that have got money in it and have they're like virtually up a lot of money if they took the money out. But I just don't know anything about it. I don't. Yeah, I don't know about it. So I'm not like tempted to get into it. And the sort of people who I follow in the money world or like generally, like Super Old, like Warren Buffett, you know, he's like dy something and Charlie monger, and their opinion is to stay completely out of crypto because it's so new. It's gone up and din as, as you were saying, lucky like Elon mosque write a tweet about dodgecoin and it goes through the roof. China crackdown on these like minds and then bitcoin falls through. It just seems too volatile for me to get involved in. But it's probably sort of thing in like twenty years look back and go, oh, yeah, I probably should have got in on that when the time was right. Yeah, it's the bit of wans edges and to end end, if t's just entered the race as well. So like I feel like that's people learning, learning from the mistakes potentially of of your early Cryptos and now and if he's taking on a greater role, because it's not just finances like it's actually can represents people's livelihood and their careers and everything else they it's going to be amazing to see professional athletes make money off their off their likelyness, well beyond their years. Like I believe for a lot of athletes, like someone like Michael Jordan and these guys who are really smart, they started, like Ed Jordan, like their business. But for a lot of these guys, while they're under contract with like a team, for example in the NFL, Tom Brady, while he's under contract with the Patriots or in these in the NFL, he gets his money from ticket sales. He gets his money from jerseys and that sort of thing. But when he's retired, like the team gets that money because it's a team's thing. He has to study his own clothing bread that at least now people has that have the chance to have to make any of teas off their own thing and then they can just I think, that thing he gets old a hundred times and they can and they continue to make money off it. So have you, obviously a Nique, probably be able to elaborate more on it. You obviously you're in the cryptocurrency world. Have you looked too far into nft's at the moment? Yeah, I have a so I I because I always spent so much time when computers. I bought originally I bought cup. I bought a few bitcoins here and the and you know, I had like a had like...

...a bit coins, and then I think it was like one and a half or like half of peopause. This is ages go right, I had and the funniest thing is I actually didn't even know that I actually bought it. Like, if that makes it like that, how do you realize that I had bought it? Like for a very long time I thought all I heard everyone talk about group. I was like, Oh, yeah, I've looked into a apply for complicated. Yeah, yeah, right. So, yeah, and so I actually for very long time. And then I think it was earlier last the early last year. So tone in two thousand and nineteen, I realized that I had almost like one and a half bit going. But then I did a say I actually can't get into my world because at the time the wallets were really quite primitive, and then they weren't online and it was all. Wasn't all the INSW was directly linked to your computer. I got an email saying your this is what your thing is worth. Outside, I am rich, rich, and turn that. Yeah, I there's no way to reclaim that. But you know, essentially I am, you know, sitting in my set, I think. And but, but that was interesting, right. I. And then I last year, last year, last year, I stopped getting back into Crypto, right or earlier in the last year. Right. So getting back into crypto and it started becoming more stable. So I was like, Oh, yeah, you know, I can. It's the systems are secure and reliable enough that it's easy to buy an easy to spend. So I've started doing that, right, and one of the things I find is exactly what you guys said, is it's at the moment, no matter what people say, it is just gambling. It's just it's just straight up gambling, right, and they's aspect that it is growing over all. If you just hold it will probably grow by some aspect. But at the moment, as a stand, majority of it is just camping. The market does fluctuate from day to day to buy our so you could chucking about Fiftyzero if you had that kind of money to just waste, right, and it could turn into, you know, a hundred thos in the next hour, right, but that's mostly where the money can be made in Crypto. Apart from that, Crypto is pretty right. Yeah, very, very, yeah, it's very you know, it doesn't it doesn't hold its ground more and it's not it's not like it's impacted by a lot that you can say, you know, I can read and what's you know, you can't look at a company's asset and you know, you can't have a reliability to give an index fund that it balances out. It's I mean you can also still even in even in Bitcoin, or was like the you know, cryptocurrency, you can balance your portfolio. You can buy the ones that are more reliable, but even those so, crip bitcoin was the most reliable of the biggest of the most popular mainstream cryptocurrency, and that crash earlier this year and hasn't been as unrecovered. I think people lost like hundreds and hundreds and thousands of dollars on crash and I obviously checked in more money whether my act. Yeah, totally, totally. So I get that's the reason why it started to like they wanted to separate it from your regular stock market. They wanted to give everyday people the opportunity to make real money and not have it just so not lies. But then when it exists outside of that sort of regulatory body, if you will, even as the soft market is very much corrupt in itself, you just don't have that. I guess. You know, stop beating. Investing on the soft market is also gamling as well, but it's a lot more controlled. So it's just like an infant still trying to find its feet. But it's definitely like it's definitely not, yeah, going away, like it's only going to grow and become a force that it is now. But yeah, like like with investing in the stock market is. I don't I think it's a lot more. I mean look, at the end of the day is there's risk everywhere, right, but obviously, and this is this is a fact of like you know, for the past thirty two years, the main of the two of the three of the major index funds have returned of every your eight to ten percent. And, and this is what I say, over the past thirty years. So they haven't gone down. They have gone down, but they have always recovered to return it to ten percent on average per year. So you know. So you go, okay, well, that's not too bad. I mean three years of done of that holding study. Yeah, I mean obviously there was a market crashes in there, but on average the market return it to ten percent. Right, so you go, well, that makes sense. I mean that's much more than what my bank is offering. So it's essentially a go like index funds are essentially just a glorified savings account which you could just say, Hey, I've got my money in my bank sitting there at one returning one point two percent or one point one person, whatever it is, or sometimes you and less. Why won't I just get eight percent back, you know, and that's like that's quite a slow, boring return. It's the same as, you know, eating Broccoli every day, eating well and doing like, you know, twenty parships every day. It's like pretty...

...boring. But over the space of like ten years you see these like Humani returns that are amazing, like that's all I do is just invest body and index funds like the SP five hundred and the Australian stock market, and it moves so slow and like I use com sack and you see these stocks that are jumping like sixteen percent in a day and you think, Oh, I should have invested in that, but then it was dyned by sixteen percent, whereas with those index funds generally eight percent a year is like really, really good. It's just kind of like boring and not really that exciting. Yeah, it's just like just a lyne opening the paddings. Just fine, rock solid, just knocking. Thing was a rayed. Absolutely, absolutely, was good shot. But yeah, I think a lot of these things seem a lot more complicated. It is because we don't talk about them right and I know we're hitting them our mark up up right. So I just want to quickly so stut start close, getting stuck. Start getting close. It to the wrapping up right. Can't even talk because we talked about money at the massage. Is just getting the line, man, which people can say this right now. said, I believe, maybe for just this episode, will change our cover out to my me, just with the mustache, definitely. And then last up from bloody sims. No, it's it is really interesting. Right. So, yeah, I think market is a lot more easy to especially I think the biggest thing anyone can do, if they don't know anything about the market right, is start with penny investment right. Well, it's absolutely dog shit right, but it's still better than not doing anything right. You can. It's this, this APP that I use, and I use it because it just runs off my money and takes put invest I really that's a good one. Yeah, it runs off my money, invested right, like it's nowhere near what you do actual man. Wise wiser is another APP that's designed to help you pay off your debt, but this is called raise, raise, it's just takes. Yeah, so if you buy a coffee before dolls, fifty a round off to a dollar, to nearest dollar and all invest fifty cents. Right. Scope any investment is really good because you can still get up to I think it's almost returning two, three, one for four percent, even though that's like, you know, half of what the market returns on. You know, it's still better than a bank and that's good for like get you in the mindset of I can make my money do something for me instead of just certain and like with inflation, losing money like that's a really good way to get you into that mindset of investing. Yeah, and it's trouble. Yeah, absolutely, it's. It's super easy and it adds up, like you know. You Go, for example, I remember so my so I try to keep my rais account blow fivezero dollars at always right, because after Fivezeros they start charging your fees. So, so, so I'm so started. This year I pulled out all my all the money right and by nothing at like doing nothing at all, apart from just roundups, like every time I spend money just runs off. I'm back up to twelve hundred dollars. So you go. It's just even if I'm just save that money unconsciously. It's a good, good habit to just do, you know, and I think there's some sort of like fees. Yeah, that is some cheazing a, which is really not one doll ninety nine cents. So I think that's a pretty good pretty good investments if anyone wants to get get into that kind of stuff. Yeah, we're spoken about think times on the show. Every time I have like this eye opening thing of like that's fucking cool, and then I just don't do anything about it. Right, it changes all right, HM, W way said. He'sn't it raise are. Yeah, well, that's why I fucking get it wrong. But I also donating the map APP all the time. Yeah, yeah, that's the way it's gonna take me someway. Right, I was I was promised. I was promised fucking Morgan frame and I still haven't found anyone that. So, yeah, I'm not happy. I think that's that's most. I think the systems is super important. Automate everything is make it easy. Just get rid of any tress first, anyone that you have to do, which is changes your whole you know, money patterns the way you see it. Yeah, I think that's most of the ideas that I've get up bank and get race and do that automation for your savings as well. Like, yeah, do each month put in like three hundred straight to savings a kind or to you know, an in the xo or like rays or something automy at your savings as well as your bills. Yeah, the biggest yeah, absolutely. I think the biggest thing is people say on every save ten percent or whatever. Right. So the way I do it is just a I don't know, this is works for me. Maybe doesn't requ other people. So I would I would say, I think, roughly five percent of my total income and then I've got another you know money. Rest of the...

...other five percent that I normally like to save would just go into rest of I think is a fifteen percent. I got kind remember the calculations, but we'll go into like either sub savings account or would go into something that I'm saving for, like something I want to spend in the future life, whether it be a car as well, right, or it would just going to investment like so I just raise with take out money and, like you know, I just transferred I've got another bank acount that with my calm sink and then I just stressfer into that as well. So those are the dress was that happen? And then if you have also this works for me. I have multiple accounts for different things, so I never really ort of well they like. There's one bank account which is like essentially like my you know, try and I guess get married. Have a White House savings right, which I never really touch on, our term saving account, right. So, but apart from that, all of this accounts are usable. But I never see a huge sum up of money in any of those account because they just go to different places. So it makes it harder for me to ever spend that money or like see it that I can easily trick, to trick myself into thinking that I don't have money. It's easier for me because they're in different accounts for their purposes and, like I said, you know say before. Yeah, for big savings, I would always add to date I've been using IMG, but I should look into that. But you know, for my other savings accounts, like, you know, for buying a car, I use I use a use you bank or like I also started up count cold like, you know, like wedding like, which is like if I ever get married, as like maybe you'll get me, maybe you're motivated me to unders find a go but station APP and manifestation and like that those can easy convenience apps and like pay pass and these sort of things that have made their life simply like they've definitely increased our stab willingness in those situations where, Hey, I don't have access this money, so I'm not going to spend it. It's like, Oh, this is really easy, I can get it by doing things counter productively in the reverse, like you can. It's like you can now ify a lot of those traps that we fall into. So I really like that that that's right. And I know they those accounts have like like a so saying. Some of them have different interest rates, but obviously you know you, if you really want to get into it, you can work out like, for example, I know my CBA. I don't really say much in it because you just put the money in there for transferred to come sack. Or another good one is, once again, up bank. Right, you can have one saving account and just categorize your savings in different methods, right, and you get the you get the interest on everything together, even those categorized for your different savings reasons. I think that's the number one, the best part about up bank. So, which is which is pretty good. Yeah, so I think trick your minds into like or doing all those things that are hard and then, you know, hopefully could luck towards you'd have a brighter financial future. I mean that, brother Conor, you, this is you saving up for the House. Yeah, that's what's going to be. Yeah, trying to get something of my money. Yeah, because all the tips and tricks. Yeah, I mean it's just it's just so much to know. Like I've started from no one, nothing to know and like maybe a quart of a present and again, like talking to you guys and talking to other people, it's made it. You just you learn things you'd know awareness of, like invest and I was seem pretty scary to me and I was like, Oh, you could lose all your money, and it seemed like, Oh, you put the fires and box into apple and then you make like four thousand bucks in a wee. Get it. It's just very different. But you have to read about it right and talk about it and go through all the ball and stuff to figure it out. Yeah, and the great thing about the resources we have with the internets, like you can get you can follow and interact with people that are switched on and you don't have to like go in and pay a fee this song. You can just get a hip, a free content and make your decisions off that and, as always, just like gambling back in game, will responsible at the end, setting you to Fu could put your money away. I love that. But yeah, like, don't invest more than you can afford to lose because the odd tense it'll probably haven't and or probably have an early on to so yeah, very good. I just wanted to before we close, I wanted to ask corner a question. Obviously going back to right at the start of the program we're talking about the Kido Diet, when you were eliminated a lot of the carbs and you increase your fat intake. Did you find yourself shitting yourself a fair bite, because I definitely did. Actually, I actually find the exact opposite. I finally, yeah, like, I'm pretty pretty regular. First after my first coffee in the morning, it's straight to business. But yeah, I was like down from two or three a day to like one. Yeah, I don't know why, but yeah, I'm oppotting. You have all. Do you have like shakes? Do you have anything that might be your first first thing when I wake...

...up, I'll have a shick and then usually a coffee and they're not eat them till maybe three or four in the afternoon. I don't I don't really try AC my macrews anymore. But, like a lot of red meat, I don't really as much chicken as I was before. Yeah, I turned off chicken. The less cars I was eating, a less I wanted chicken. Yes, weird like chicken and passes. I'd have like my mashotators with chicken, chicken in itself. I feel like a shit. I don't like it. I've caught but at the same time I've got like my missus mom, who makes pretty much every meal for us. So I'm not complaining, but I always try to slide the porkin when she's not looking. That I really I just chicken just doesn't do anything for me that you can put some sauce on it and flavor it up beaut thing I like about a steak is just give it to me fine, straight up. Might not? I just love that. You said that you try to slide the Porkin, which is not looking good. I did. It does yeah, a shop man. I didn't even realize that. I said. Bro You if you're in a calorie episode of you're eating less foods, like sometimes you don't need to go as much because you don't have as much fucking thing to get rid of. You NICEA. Yeah, all bad, I guess. Songs. You're not constant at it, but hey, maybe ras are mother fucking my right voice. It is. Yeah, it is. I will well, talking about talking about changing your life's I'm about to just a little shout out about to side this thing called seventy five day hard challenge, which is meant to be, you know, Beau, which she's you know, you allo died for seventy five days. Work out twice a day for some five days, drink three louters of water system seventy five days, and I think there's a couple of other things as well that don't drink alcohol, no cheat meals and takes progres speak for seventy five days. It seems they're quite an awesoting cone. Yeah, and like like we're talking about the reason we talked about money is to actually, you know, change your life and make it better. This is a good way to get your focus back on because the moment you start losing focus on those things, it just goes hey wire. Yeah, and they intercede in multiple facets of life, right, like it's never just one you never everything else sold good, but fack, my money shit's like now, my money shit and I'm beating my wife now, distracted by every my boddy shit had, like I'm eating a healthy like I'm not sleeping. Great, all right, the rails are coming off. Boys said that. That's been an hour and a half away. I'm not being actually, I do need to give a shout out now that I mentioned beating my wife. So what I do is so, when I get paid each week, I send all the money to her. She pays all the bills and it gives me the money that I can spend. Actually, I'm very lucky in that regard. So, Hey, shout out to Charlotte and love you very much. All right, very good. Any out closing thoughts? Thank you so much. I conor for coming on tonight, but it's been really fantastic. Really enjoyed it pleasure. Thank you guys very much. Thanks, thanks for putting up with this. was quite a difficult and a dry topic to talk about, but now, hey, something something I would rather talk to about someone I knew would get into it with us. Hundred percent. Now that was really good and people, you know, the truth is most people not talking about as well. So I think people going to find great benefit and we're helping a lot of people. They're so very good. That has obviously been episode number thirty of the CLEM and Dowes podcast. Please give us a follow on our social medias, on Instagram, spotify, apple, podcast, of where you're consuming our podcast, give us a like, give us a subscribe, tell a friend, share the stories around and shout out to Bro. I can't believe I blank too. gave us like mad feedback the other week and I enjoy. I'm so sorry, enjoy like I super thankful. I didn't. Wasn't like you on your name. I was like who. Well, that was so good, dude. So yeah, we really appreciate it, Bro, because engrew was in lookdown. He's list said through pretty problem and hopeful. What a base. Listen to the Hawk podcast. It's really we might might have to give him some sign facking tshirts sooner. shoutow lovely are Gy God bless anyway, boys, thank you so much. I hope you guys all have a fantastic night. Enjoy the lockdown period. Stay safe. and May keep your head on a swivel. Canshume more positive things than you. Spend more time in reading books then reading the media. So that's all I can give my advice for today. So Yeah, love you guys very much. Have a good one, but you set your.

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