1
00:00:00,000 --> 00:00:10,600
Welcome to Manifestation, Motivation and Passion. If you're looking to transform your life,

2
00:00:10,600 --> 00:00:16,880
this is the podcast for you. It's all about improving yourself on the inside to see transformation

3
00:00:16,880 --> 00:00:24,240
on the outside. I look at how to find and improve motivation and manifest lasting changes.

4
00:00:24,240 --> 00:00:32,960
Thank you so much for joining me today. Today I've got Jacqui Ashby from Ascend Financial

5
00:00:32,960 --> 00:00:39,580
Freedom who has been in finance for 20 years as business owner, mortgage broker and financial

6
00:00:39,580 --> 00:00:44,520
and mindset mentor coaching. Thank you so much for joining us today, Jacqui.

7
00:00:44,520 --> 00:00:50,240
My pleasure. Thank you for having me. No problem at all. Can you please explain

8
00:00:50,240 --> 00:00:55,240
how you got started and why helping empower other women is so important to you?

9
00:00:55,240 --> 00:01:03,680
Well, I've been in finance for over 20 years. I started as a mortgage broker and I was just

10
00:01:03,680 --> 00:01:10,000
finding that a lot of my clients needed a lot more help when it came to their finances.

11
00:01:10,000 --> 00:01:13,280
A lot of people wanted to do a little bit more. They wanted to invest and wanted to

12
00:01:13,280 --> 00:01:17,720
know how to invest and those sorts of things. But I was finding if I was referring people

13
00:01:17,720 --> 00:01:22,760
out to financial advisors, they actually weren't proceeding with them or they weren't going

14
00:01:22,760 --> 00:01:28,160
ahead with anything. They kind of pushed me into becoming a financial advisor myself.

15
00:01:28,160 --> 00:01:33,800
I was one of the first dual qualified finance brokers and financial advisors or financial

16
00:01:33,800 --> 00:01:40,480
planners in Perth. As a financial advisor, I was coming across people that really didn't

17
00:01:40,480 --> 00:01:47,240
know a lot about finances and I found that there was a real gap in the market for the

18
00:01:47,240 --> 00:01:54,160
financial understanding. We've got financial counselors at one end that pretty much rescue

19
00:01:54,160 --> 00:01:59,480
people and there's financial advisors at the other end that generally deal with people

20
00:01:59,480 --> 00:02:04,640
that have got a lot of money to invest but there's nothing in between people that didn't

21
00:02:04,640 --> 00:02:09,920
quite have a stack of money to invest but really wanted to do things a little bit better.

22
00:02:09,920 --> 00:02:17,080
So I became a financial coach to be able to help people understand the fundamentals of

23
00:02:17,080 --> 00:02:23,560
money stuff. I guess that the passion for it or the main thing behind it was I personally

24
00:02:23,560 --> 00:02:30,560
have come from a domestic violence situation and over my 20 years, just understanding of

25
00:02:30,560 --> 00:02:35,880
the stuff that people don't understand for one but for two, also understanding that a

26
00:02:35,880 --> 00:02:41,560
lot of people stay in toxic relationships because of lack of financial understanding

27
00:02:41,560 --> 00:02:46,320
or financial literacy or knowing what to do to help themselves to be able to get out of

28
00:02:46,320 --> 00:02:53,320
these toxic relationships. So that's really where the financial coaching side of the business

29
00:02:53,320 --> 00:02:59,640
has come to fruition is to really just help people understand the basics and the fundamentals

30
00:02:59,640 --> 00:03:04,280
of all that grown up finance stuff that we should have been taught in school that's really,

31
00:03:04,280 --> 00:03:08,280
really lacking. I believe that they're changing that now but it doesn't help us, you know,

32
00:03:08,280 --> 00:03:15,440
us 30, 40s plus that didn't get that training in school. So yeah, that's why I do what I

33
00:03:15,440 --> 00:03:16,440
do.

34
00:03:16,440 --> 00:03:21,200
Firstly, I'm so sorry that you went through that but how amazing that you've been able

35
00:03:21,200 --> 00:03:26,560
to turn it around to help other people and you've kind of led into my next question.

36
00:03:26,560 --> 00:03:30,960
So I was going to say, can you tell me a bit more about your business? So I understand

37
00:03:30,960 --> 00:03:36,040
you also do so financial coaching but also mindset mentoring as well?

38
00:03:36,040 --> 00:03:41,080
Yeah, yeah. So look, we still do mortgages. So I still do finance. I still help people

39
00:03:41,080 --> 00:03:46,080
get finance to achieve their goals from the perspective of buying cars and homes and those

40
00:03:46,080 --> 00:03:53,160
sorts of things. The financial coaching really is finance 101. So it's teaching people just

41
00:03:53,160 --> 00:03:58,560
stuff that you need to know and doing things in the right order to be a grown up when it

42
00:03:58,560 --> 00:04:04,520
comes to your finance stuff. But I found that whilst knowing and understanding all the facts

43
00:04:04,520 --> 00:04:11,320
and figures and all that sort of stuff, knowing it didn't necessarily equate to doing. And

44
00:04:11,320 --> 00:04:16,640
I found that there's a lot of people there with some mental blocks in place and traumas

45
00:04:16,640 --> 00:04:24,840
and bad mentors or guides, parents, any sort of past issues that has actually stopped people

46
00:04:24,840 --> 00:04:31,640
from being successful. So I upskilled. I do hypnotherapy and your linguistic programming

47
00:04:31,640 --> 00:04:37,120
and a whole range of different techniques just to help people overcome any of those

48
00:04:37,120 --> 00:04:42,960
mental blocks or issues or problems that they have that are holding them back from being

49
00:04:42,960 --> 00:04:48,760
financially successful. So it could be something as simple as even somebody that's a smoker,

50
00:04:48,760 --> 00:04:53,160
you wouldn't think smoking is a financial thing or something that a financial services

51
00:04:53,160 --> 00:04:59,000
company would provide assistance for but look, anybody that's a smoker understands how much

52
00:04:59,000 --> 00:05:05,280
money they put towards cigarettes. So if somebody is really wanting to get ahead with their

53
00:05:05,280 --> 00:05:09,920
finances and willing to give up smoking, let's say, but don't know how to go about it, I

54
00:05:09,920 --> 00:05:14,440
can help with that. I can assist with that. There's a whole different other range of things,

55
00:05:14,440 --> 00:05:19,560
but it's really just getting into your mindset and making sure that you're set up mentally

56
00:05:19,560 --> 00:05:24,360
to be able to actually succeed. So having all the knowledge through the financial coaching

57
00:05:24,360 --> 00:05:30,160
is great, but also just taking that extra step, that touchy feely step of actually just

58
00:05:30,160 --> 00:05:32,240
getting your head right.

59
00:05:32,240 --> 00:05:40,240
And NLP is such a powerful tool. Now I went to your finance seminar, which is how we met

60
00:05:40,240 --> 00:05:46,600
and I was absolutely blown away at the amount that you need to retire. So can you tell us

61
00:05:46,600 --> 00:05:48,120
a little bit more about that?

62
00:05:48,120 --> 00:05:53,160
Yeah, sure. Look, it depends. There's a couple of ways to calculate it and without going

63
00:05:53,160 --> 00:05:57,240
into, you know, I've got my fingers in the air doing inverted commas, I'm not providing

64
00:05:57,240 --> 00:06:02,120
financial advice per se, but there's a couple of really basic calculations that you can

65
00:06:02,120 --> 00:06:08,520
do and I'll go through them step by step and hopefully this comes out clear and easy. But

66
00:06:08,520 --> 00:06:14,680
if you picked an income that you want to live on in retirement or when you choose to start

67
00:06:14,680 --> 00:06:18,360
working, retirement tends to scare people when I say that word. So let's just say when

68
00:06:18,360 --> 00:06:24,200
you choose to start working. If you pick a number, so whether it's $50,000 or $40,000

69
00:06:24,200 --> 00:06:33,160
or even $100,000, we pop that into a calculator and then you divide it by the amount that

70
00:06:33,160 --> 00:06:37,680
you believe you will get in as a return. So let's say if you were to put your money into

71
00:06:37,680 --> 00:06:43,680
a bank account, the return you would get from a bank account these days is like if you get

72
00:06:43,680 --> 00:06:52,480
$50,000 divided by 2%, so if you do that $50,000 divided by 2%, it will give you a ridiculously

73
00:06:52,480 --> 00:06:57,400
high figure. Now, if you, I don't have the calculator in front of me, I should have prepared

74
00:06:57,400 --> 00:07:04,320
it earlier, but if you put in those figures. So what did you say? $50,000 divided by 2%,

75
00:07:04,320 --> 00:07:09,480
I think it should come out at a million or something. $2.5 million. $2.5 million. Okay.

76
00:07:09,480 --> 00:07:16,120
So that's the sort of nest egg that you would need to have if you wanted to just live off

77
00:07:16,120 --> 00:07:21,600
the interest if you had that much money sitting in a bank account earning your 2%. So that's

78
00:07:21,600 --> 00:07:26,200
if you want to leave $2.5 million for your estate, for your kids, future generations

79
00:07:26,200 --> 00:07:31,440
and those sorts of things. That's if you want to do that. If you wanted to maybe invest

80
00:07:31,440 --> 00:07:38,200
in something that had a bit of a higher return, let's say a 5% return, if you do that $50,000

81
00:07:38,200 --> 00:07:47,400
again divided by 5%. $50,000 divided by 5% is $1 million. There you go. So there's only

82
00:07:47,400 --> 00:07:51,560
a million dollars that you would need to have. However, let's say if you put your money into

83
00:07:51,560 --> 00:07:57,720
shares or, you know, I won't say, we can say cryptocurrency, that's kind of up and down

84
00:07:57,720 --> 00:08:05,320
by 50% a day or 100% or something per day, but let's just go 10%. So if you have $50,000

85
00:08:05,320 --> 00:08:12,600
divided by 10% then you're looking at $500,000. $500,000. So for people that are very, very,

86
00:08:12,600 --> 00:08:19,560
very nervous investors that want to have the world, let's say, they would need to be in

87
00:08:19,560 --> 00:08:25,080
a position to have a massive nest egg to be able to get that return or to get that $50,000

88
00:08:25,080 --> 00:08:30,160
a year as income. If you're willing to take a little bit of a risk or go for an investment

89
00:08:30,160 --> 00:08:34,560
that has a slightly better return, well then the amount of money that you need to actually

90
00:08:34,560 --> 00:08:43,200
have as a nest egg reduces. So what I teach people about is understanding risk and return

91
00:08:43,200 --> 00:08:49,880
and sometimes taking, you know, risk is not a dirty word. Risk is essential. But it's

92
00:08:49,880 --> 00:08:55,980
what you can take on and be able to still sleep at night. So for example, putting money

93
00:08:55,980 --> 00:09:00,960
in a bank account is a massive risk. It's a massive risk in the sense that if you want

94
00:09:00,960 --> 00:09:06,440
to be earning your $50,000 a year, you may not necessarily, while you're building up

95
00:09:06,440 --> 00:09:10,880
that nest egg, you may not necessarily get up to that $2.5 million by the time you retire.

96
00:09:10,880 --> 00:09:17,000
So it's all about learning risk and just learning pros and cons of yes, it is, you know, in

97
00:09:17,000 --> 00:09:22,520
inverted commas safe but you may not necessarily get the money that you need by the time that

98
00:09:22,520 --> 00:09:27,720
you need it. And again, this all pertains to if you wanted to leave a nest egg for your

99
00:09:27,720 --> 00:09:34,360
family and just pull off the interest or the earnings of the asset that you've got.

100
00:09:34,360 --> 00:09:41,040
But I think the key thing that you said in there was, you know, learned risk. Like it's

101
00:09:41,040 --> 00:09:47,480
education and the more that you're educated, the less risk is involved.

102
00:09:47,480 --> 00:09:53,920
Yep, definitely. I found that when I was working, being a mortgage broker, people were coming

103
00:09:53,920 --> 00:09:57,640
to me saying, okay, I bought my house, now I need to go and buy an investment property

104
00:09:57,640 --> 00:10:02,000
because that's what you do, isn't it? And a lot of people just went out and bought property

105
00:10:02,000 --> 00:10:08,560
and bought property and didn't really understand that if poop hit the fan, they couldn't just

106
00:10:08,560 --> 00:10:16,480
sell a bedroom to get $40,000 out. So things like risk and diversification and just understanding

107
00:10:16,480 --> 00:10:23,200
stuff gives you a better chance to make better choices for yourself. Yeah, to put the safety

108
00:10:23,200 --> 00:10:25,280
nets in place that you need as well.

109
00:10:25,280 --> 00:10:30,320
So then how do you tell good risk from bad risk?

110
00:10:30,320 --> 00:10:35,960
Well, like I've just said, a bank account, look at a bank account, there's good risk

111
00:10:35,960 --> 00:10:40,280
and there's bad risk. A bank account can be seen as good and it can be seen as bad. But

112
00:10:40,280 --> 00:10:44,280
it really depends on where you are at your life stage and it depends on what your goals

113
00:10:44,280 --> 00:10:51,440
are. If you have high, high goals and aspirations over a short timeframe, well, then you need

114
00:10:51,440 --> 00:10:57,480
to take on higher risk potentially, something that has a better return and usually something

115
00:10:57,480 --> 00:11:02,960
that has a better return will generally have a lot more volatility and will be seen as

116
00:11:02,960 --> 00:11:10,880
a lot riskier. So there's no such thing as a definite bad risk and there's no such thing

117
00:11:10,880 --> 00:11:17,620
as a definite good risk. It's just what you need or what you don't need in your particular

118
00:11:17,620 --> 00:11:19,640
life stage and what your goals are.

119
00:11:19,640 --> 00:11:24,680
Okay, so if you don't want to wait until you're 65 or let's say 100, if the government keep

120
00:11:24,680 --> 00:11:30,880
lifting the age limit, what are some good alternatives so that we can, and I use the

121
00:11:30,880 --> 00:11:35,920
word loosely, but retire or do what we want to do rather than working hard to work?

122
00:11:35,920 --> 00:11:41,640
Choose not to work. Yeah. Look, there's so many different things. I guess if you want

123
00:11:41,640 --> 00:11:49,240
the ability to have that choice before the government retirement age, now I know I'm

124
00:11:49,240 --> 00:11:53,520
going to rub some people up the wrong way, but I wouldn't be putting money into super.

125
00:11:53,520 --> 00:12:01,920
Super is a fantastic, fantastic vehicle from a tax perspective. However, if you want to

126
00:12:01,920 --> 00:12:07,720
retire early, you need access to your funds early. So diversifying and having funds outside,

127
00:12:07,720 --> 00:12:13,600
there's a whole raft of different things that we talk about in the investment classes

128
00:12:13,600 --> 00:12:22,080
that we do, but things like possibly shares, direct shares, ETFs, managed funds, investment

129
00:12:22,080 --> 00:12:27,040
bonds. Investment bonds is something that not a lot of people talk about, but that also

130
00:12:27,040 --> 00:12:34,520
has some fantastic tax benefits for you as well. For example, if you invested in a bond

131
00:12:34,520 --> 00:12:39,360
for more than 10 years, there's absolutely no capital gains tax for any of the money

132
00:12:39,360 --> 00:12:44,360
that you pull out after 10 years and you don't need to disclose any income or any earnings,

133
00:12:44,360 --> 00:12:49,400
I should say, in an investment bond on your tax return until such a point that you actually

134
00:12:49,400 --> 00:12:56,640
do withdraw any funds. So there's a whole raft of different asset classes, different

135
00:12:56,640 --> 00:13:04,400
vehicles as well. If you want to go down home and it's not going to keep you awake at night,

136
00:13:04,400 --> 00:13:09,400
there's cryptocurrency and a variety of different forex trading platforms that you could be

137
00:13:09,400 --> 00:13:14,880
involved in as well. They tend to be quite high return, again, high risk.

138
00:13:14,880 --> 00:13:18,300
Just jumping back a step, what are investment bonds?

139
00:13:18,300 --> 00:13:22,920
Investment bonds are basically very similar to a managed fund. Well, they are pretty much

140
00:13:22,920 --> 00:13:27,600
a managed fund. They're very similar to super as well. The underlying assets that you have

141
00:13:27,600 --> 00:13:35,440
in them are shares. So it's almost like different baskets of shares that have different risk

142
00:13:35,440 --> 00:13:40,080
gradings to them. So you'll have conservative, moderate growth, high growth, aggressive,

143
00:13:40,080 --> 00:13:48,240
those sorts of things. Similar to your super. And what you do is you can either start with

144
00:13:48,240 --> 00:13:55,760
a lump sum and leave it there for as long as you want. A better way is to start with

145
00:13:55,760 --> 00:14:00,720
an amount and have a regular savings plan into it. And basically what it does is the

146
00:14:00,720 --> 00:14:06,280
money that you put in there is attributed to the different underlying assets that you've

147
00:14:06,280 --> 00:14:11,960
purchased in there. So like a managed fund, the shares in that. Each year you have the

148
00:14:11,960 --> 00:14:19,640
ability to put up to an extra 125% into the investment bond and you can take your money

149
00:14:19,640 --> 00:14:27,360
out at any time. So unlike super, it's invested similarly to super, but you actually get access

150
00:14:27,360 --> 00:14:32,360
to the funds whenever you want. There are tax implications. The earlier you pull your

151
00:14:32,360 --> 00:14:36,560
money out, the higher the tax you get charged. But the longer you leave it in there, the

152
00:14:36,560 --> 00:14:42,040
less tax you get charged on the gains that you have in there. So it's really good.

153
00:14:42,040 --> 00:14:47,760
Oh, sorry. If you were looking at investment bonds, what would be sort of the minimum amount

154
00:14:47,760 --> 00:14:51,480
that people can start investing with?

155
00:14:51,480 --> 00:14:55,200
I believe a couple of years ago it was $2,000 minimum.

156
00:14:55,200 --> 00:14:56,680
That's quite reasonable.

157
00:14:56,680 --> 00:15:03,560
But I believe, yeah, I believe they're now down to 500 is the minimum that you can start

158
00:15:03,560 --> 00:15:12,320
with. But there's a whole lot of, if people only have small amounts to invest, which is

159
00:15:12,320 --> 00:15:17,080
the people that I work with, survivors of domestic violence and those sorts of things,

160
00:15:17,080 --> 00:15:21,920
they've only got a few dollars a week or maybe $50 a month or something like that. There's

161
00:15:21,920 --> 00:15:28,960
all different things. There's Spaceship, there's Zambu, there's smaller micro share trading,

162
00:15:28,960 --> 00:15:35,560
micro meaning small obviously, where you don't need to be paying large trading fees to be

163
00:15:35,560 --> 00:15:41,200
able to buy into big portfolios. You can just go in there with your $10 a week or something

164
00:15:41,200 --> 00:15:45,320
like that and actually go in and start getting that money working for you, better than trying

165
00:15:45,320 --> 00:15:49,200
to scrimp and save into a savings account or your kids savings account or something

166
00:15:49,200 --> 00:15:55,040
to earn that 1% per year. You could be putting into a smaller share, a micro share portfolio

167
00:15:55,040 --> 00:15:59,680
to get your 5, 6, 7, 8, 9, 10% returns, those sorts of things.

168
00:15:59,680 --> 00:16:00,680
Wow.

169
00:16:00,680 --> 00:16:05,560
Yeah. There's even Zambu is where you can invest in not only cryptocurrency, but you

170
00:16:05,560 --> 00:16:11,640
can invest in gold and silver as well. So there's a whole raft of different things

171
00:16:11,640 --> 00:16:17,120
that you can be doing with small amounts of money, but also things that you could be doing

172
00:16:17,120 --> 00:16:23,080
that can increase your ability to get extra income or an extra income stream or to speed

173
00:16:23,080 --> 00:16:27,560
up the process of building your asset base or building your capital prior to retirement

174
00:16:27,560 --> 00:16:33,600
should you want to retire earlier than whatever the government dictates.

175
00:16:33,600 --> 00:16:39,400
That sounds like a good plan. Now I ran into someone today who I was telling about the

176
00:16:39,400 --> 00:16:44,360
finance seminar that I went to and they were wanting to know when your next one is.

177
00:16:44,360 --> 00:16:52,600
Sure. If you go to the Facebook page, Ascend Financial Freedom, that's A-S-C-E-N-D. We

178
00:16:52,600 --> 00:16:57,960
do put our events up. We don't have one listed just yet. We are just a little bit cautious

179
00:16:57,960 --> 00:17:03,200
with having to cancel, to book and cancel with COVID chopping and changing. So we are

180
00:17:03,200 --> 00:17:07,840
looking at getting, doing them online, but if you keep an eye on the Facebook page, like

181
00:17:07,840 --> 00:17:13,400
our page, and you'll be updated when we do have those workshops coming up. So we're

182
00:17:13,400 --> 00:17:20,800
looking at doing a full day master class which covers the whole gamut of financial coaching

183
00:17:20,800 --> 00:17:24,680
and we are also looking at breaking it down to smaller intervals because when you're

184
00:17:24,680 --> 00:17:28,680
talking finance, sometimes it's a little bit hard to absorb over such a long timeframe.

185
00:17:28,680 --> 00:17:29,680
Absolutely.

186
00:17:29,680 --> 00:17:36,000
So yeah, we'll give that option for people to choose whether or not they can sit through

187
00:17:36,000 --> 00:17:42,000
the whole thing and get their shoes sorted in one day or just come to the shorter sessions

188
00:17:42,000 --> 00:17:47,400
as well. We also have a 60 days to success program where you get to work one on one with

189
00:17:47,400 --> 00:17:52,960
me just to get, and I use the term, shoes, to get your shoes sorted or your grown up

190
00:17:52,960 --> 00:17:57,320
finances, everything that we need to have.

191
00:17:57,320 --> 00:18:03,080
Yes, absolutely. And one of the things I was struck by when I came to the finance seminar

192
00:18:03,080 --> 00:18:08,320
was your list of, I think there's about 10 things on the checklist. Do you have super

193
00:18:08,320 --> 00:18:13,200
sorted or do you have a will sorted? And there's a range of other things. I'm like, oh, yes,

194
00:18:13,200 --> 00:18:14,200
yes, no.

195
00:18:14,200 --> 00:18:17,400
Did I make you cry? Did I make you cry?

196
00:18:17,400 --> 00:18:18,400
Not quite.

197
00:18:18,400 --> 00:18:19,400
I know.

198
00:18:19,400 --> 00:18:23,680
It definitely hits home where you're like, oh, like I thought I had everything sorted

199
00:18:23,680 --> 00:18:26,040
and now maybe not so much.

200
00:18:26,040 --> 00:18:28,360
Surprising. It really is surprising.

201
00:18:28,360 --> 00:18:29,360
Yeah.

202
00:18:29,360 --> 00:18:35,280
And that's come from having financial planning practice for 10 years and broking for 20 years

203
00:18:35,280 --> 00:18:40,000
as well and just knowing what it is that people don't know or don't have in place. And it's

204
00:18:40,000 --> 00:18:46,200
little things like if you have a family, even if you have a house, a mortgage, those sorts

205
00:18:46,200 --> 00:18:52,000
of things, you really need to consider life insurance. And not only just consider it,

206
00:18:52,000 --> 00:18:56,280
a lot of the time as a mortgage broker, I would talk about it just to make sure. If

207
00:18:56,280 --> 00:19:01,000
I'm going to get you into half a million dollars worth of debt, you need to know that you're

208
00:19:01,000 --> 00:19:05,640
safe and your family's not going to be displaced if you pass away. So just little things like

209
00:19:05,640 --> 00:19:09,280
that. And a lot of people would say, oh, yeah, no, no, no, I've got something in super. And

210
00:19:09,280 --> 00:19:14,080
they would be happy to walk away with that sort of response. And I'd stop them and say,

211
00:19:14,080 --> 00:19:18,880
but hang on, do you know how much it is? Oh, yeah, no, I thought it would be fine. But

212
00:19:18,880 --> 00:19:23,000
when we actually drilled it, drilled down, it might only be a hundred thousand, 150,000

213
00:19:23,000 --> 00:19:27,200
or something. When I used to sit down with them as an advisor, we would go through a

214
00:19:27,200 --> 00:19:32,600
whole realm of questions of things, you know, what if, if this situation happened, how much

215
00:19:32,600 --> 00:19:37,320
money would you need to fix that problem or to sort it out or, you know, to provide some

216
00:19:37,320 --> 00:19:45,120
family relief around that particular situation? And it was a real eye opener. So little things

217
00:19:45,120 --> 00:19:50,080
like that. And, you know, even from money management and, you know, dare I say things

218
00:19:50,080 --> 00:19:53,200
like zip pay and after pay and those sorts of things.

219
00:19:53,200 --> 00:19:59,400
Which can be great if you know how to use them wisely and get rid of the debt without

220
00:19:59,400 --> 00:20:02,720
then accruing interest from it. But yeah, can also be...

221
00:20:02,720 --> 00:20:06,960
Yeah, exactly. And credit cards as well. Like you've got people that love credit cards and

222
00:20:06,960 --> 00:20:11,640
you've got people that hate credit cards and you've got people that are almost, you know,

223
00:20:11,640 --> 00:20:17,120
in a cult following for a certain fantastic ex-financial advisor who writes books and

224
00:20:17,120 --> 00:20:22,040
doesn't wear shoes. You know, I won't say his name because everybody knows who he is.

225
00:20:22,040 --> 00:20:28,160
He's anti credit cards. But the reality is if you could get your shiz sorted and you

226
00:20:28,160 --> 00:20:36,040
understood, credit cards can actually make a massive difference to a mortgage. You can,

227
00:20:36,040 --> 00:20:40,120
you know, by structuring it correctly and using it, taking advantage of the bank's

228
00:20:40,120 --> 00:20:45,160
free money on a credit card, using it wisely, you can save anywhere between five and eight

229
00:20:45,160 --> 00:20:51,240
years off a mortgage. Even double it if you do it really well. But again, my little disclaimer

230
00:20:51,240 --> 00:20:54,960
there is it depends on what your expenses are, your living expenses are and the way

231
00:20:54,960 --> 00:21:01,400
that you work your money. There's so much benefit to be had as long as you stick to

232
00:21:01,400 --> 00:21:06,040
a plan. And I think that's the vital thing is sticking to a plan. And also if you're

233
00:21:06,040 --> 00:21:10,640
one of those people that had parents that were in debt to credit cards all their life

234
00:21:10,640 --> 00:21:15,160
or you've been in debt to credit cards all your life and you're just scared of them,

235
00:21:15,160 --> 00:21:20,560
the mindset mentoring that we do will help you understand and get over that fear or work

236
00:21:20,560 --> 00:21:26,840
out what that fear is and try and work through it and help you create some good habits around

237
00:21:26,840 --> 00:21:29,120
credit cards just to help you succeed.

238
00:21:29,120 --> 00:21:35,940
Well, thank you so much. That's been super informative. And if you've got any questions

239
00:21:35,940 --> 00:21:41,960
or you would like to join the 60 Days to Success program, please jump on board and send Facebook

240
00:21:41,960 --> 00:21:42,960
page to...

241
00:21:42,960 --> 00:21:43,960
I look forward to chatting.

242
00:21:43,960 --> 00:21:45,960
Thank you again. That's been a pleasure.

243
00:21:45,960 --> 00:21:46,960
Lovely.

244
00:21:46,960 --> 00:21:53,240
I'm Quinn Carnegie and I hope you enjoyed this week's episode of Manifestation, Motivation

245
00:21:53,240 --> 00:21:59,360
and Passion. I'm so thrilled you chose to spend time listening and would be even more

246
00:21:59,360 --> 00:22:04,960
grateful if you left a positive review. And if you found value, no doubt your family and

247
00:22:04,960 --> 00:22:08,920
friends will too. I'd love it if you share it with them. Thanks again.