Budgets Don’t Work with Melissa Browne
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Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
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Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals, or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information. And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website. Lastly, please keep in mind that past performance is not indicative of future performance. Kate, it's wonderful to be back with you. We've got a special guest with us today and that person is Mel Brown. Mel, welcome to the show. Thanks for having me.
We've got so much to cover. You've written quite a few books and I guess many of our audience would be familiar with you. but maybe we can just go over a bit about you and your backstory because, you know, if people look at you now, I read in your books that you were voted in Australia's 100 women of influence and you've got all these accolades, but from speaking with you in the past, I know that that wasn't always the case, right? Like you weren't always this, I don't know, this flag waving money, I guess, role model for people. You had to go through it pretty tough yourself for a time there, right?
Yeah, absolutely. I love that you said flag waving. I've said a picture of me as like a gymnast doing a bit of a roll. Yeah, so I, look, I think it's like anything. And it's part of what you, when you look at someone, you presume a lot about them. And I know certainly that. When I write for the Herald, for example, if I receive feedback, often it's, oh, what would you know? I'm sure you're from the North Shore. Like, really? I was born in Blacktown Hospital. So we make a lot of assumptions about people. And certainly whilst I have built two multimillion dollar businesses, sold one of them, build up assets to the point and sold the accounting firm last year where I was able to choose whether I work or not pre-50, which was always my goal.
I just found that I was constantly in this sabotage loop where I I just couldn't get out of it. And looking back now, Brené Brown uses this great quote. So Brené Brown's a shame researcher from the University of Houston. And she talks about hustling for your worthiness. And that certainly was the case for me for a long time. I just didn't realise it. So I felt like I had to do more and create more to prove I didn't even know what and then create more. And it was this sabotage loop, though, because one thing was built.
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