Feel better about money with The Broke Generation
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What emotional spending habits are discussed in this episode?
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.
Here's something worth knowing if you've been meaning to make the switch to a better broker. To celebrate their fifth birthday, Perla are offering three free trades a month for five months if you transfer your portfolio across with a minimum of $1,000. For anyone investing regularly, that's meaningful savings on brokerage that can stay invested instead. Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform. If you've been with a platform that doesn't quite fit your strategy anymore, it might be time to take a look. You'll find all of the details at perla.com slash LP slash RASC. That's perla.com slash LP slash RASC. Hey there, here's a quick note.
This podcast contains general financial advice only. That means it's not specific to you, your needs, goals, or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes. G'day, Kate. Welcome to this episode of the Australian Finance Podcast.
It is good to be back, Owen, and recording an episode in person, which is fantastic.
Yes, yes. Not quite free of COVID in Melbourne, but we're doing a pretty good job, so we can be back in the office. Today, we're joined by a very special guest, Emma from The Broke Generation. How are you going?
Hey, I'm great. Thanks for having me.
Yeah, it's wonderful to have you in person, as Kate said. It is. Because you're new to the show, maybe you can introduce yourself and what you do for our listeners.
My name is Emma. I run The Break Generation and I focus on helping people feel better about their finances so that they can build the confidence they need to do all the other things, save, invest, spend wisely, all that kind of stuff.
Yeah, it's such an important topic. We don't talk about it enough on the show, do we, Kate? We don't talk about the relationship people have with money, the relationship people have with their spending. We talk about it like it's like a spreadsheet, right? Like this column is for wants, this one's for needs. And we probably don't get into that emotive side of it enough, right?
I know we talk about investing a lot on the show, but there's a lot of steps that come before it. As we were discussing off air before, you don't just go straight from where you are currently to investing. And I think that's why I really want to talk to you today, Emma, because I've followed you for quite a long time and listened to your podcast. And it really is. It just approaches money and life holistically in a really different way to a lot of the podcasts, even us out there. So I'm really excited to dive into it all today. Yeah, me too.
I mean, yeah, I talk about this stuff all day and I could go on for hours. So how long have we got?
Well, why don't we start with probably something that you might have spoken about a bit, but maybe it's one of those long versus short versions. How did you come to focus on this?
Yeah, so I think for me, I mean, it's been like you said, you don't just go from where you are to investing. I mean, from my perspective, I feel like some people do like they just or, you know, they're spending all their money and they know that they shouldn't be or living paycheck to paycheck or they get the first job or whatever.
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