Owen Raskovich

Yep.

I think you said it so well.

Okay.

So this last one is I think, again, we've talked about compounding knowledge.

We've talked about starting early.

I think this one is –

I find it, again, motivational because I think if you're a young person, this one works.

If you're a person that's maybe in a relationship that maybe is a little bit sour or a little bit toxic and doesn't really confront money issues head on or there's not even an open dialogue with your partner, this is something that you can take away from this episode.

So what is it, Kate?

Yep.

And I think that's so motivational.

We talk about, I try and tell people who paid me for advice or done this in the past, I try to tell people, you know, saving 20% of your income is ideal, you know, on top of your super.

Because that's, for me, at least, that's kind of like a happy medium, but people become really overwhelmed with that.

You know, I'm thinking of

a parent that has two kids at home and they're trying to run a household or even a couple that maybe have a family to take care of or a loved one that needs some sort of care, trying to save 20% of your income is so overwhelming.

And if you can get the habit early on of just saving even 1%, we say just 1%, but it's still something.

It's still that habit.

And like we know that if you can repeat something enough, it does form a habit and it's a very positive habit

starting to save early, starting to save now effectively.

great yep always have an emergency cash buffer it's just it's the cheapest insurance you can find because it earns interest for you rather than you have to pay it away every year okay kate i really like these five action points so let's go over them just quickly recap we've got no one's going to tell you everything so you got to self-initiate number two was you need to steer clear of get rich quick schemes because and and remember too that greed is your enemy and i think that applies more than just to the schemes it's just in general nature