Sounds like good money advice... But is it?

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Australian Finance Podcast 56 min 2 speakers 2 chapters transcribed 13 days ago
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What money myths are we debunking in today’s episode?

Owen Rask 0:02
Welcome to the Australian Finance Podcast by Rask. Together we will improve your relationship with money, discover the world of investing, save more money, and design the life you want. Please don't forget to subscribe to the show on Apple, Spotify, YouTube, or wherever you get your podcasts, because we share at least two wonderful episodes every week. You should know that our favorite episodes drop On a Monday and a Friday with bonuses on Wednesdays. Finally, to hear more from us and get show notes and all those other wonderful things like free courses, head to rask.com.au to find us online. Hey there, here's a quick note. This podcast contains general financial information only. That means it's not specific to you, your needs, goals, or financial objectives.
Owen Rask 0:55
So don't act on the information until you've spoken to your financial planner. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes. Good evening, good afternoon, good day. Hello, comrades, and welcome to this episode of the Australian Finance Podcast. We are streaming live on YouTube. And as always, joined by Comrade Gemma Mitchell. How are you doing?
Gemma Mitchell 1:15
I'm great. Excited to be here live in the studio.
Owen Rask 1:18
Yes, in Melbourne.
Gemma Mitchell 1:19
In Melbourne, yes. It's rare that I'm here in Melbourne.
Owen Rask 1:21
Yes. Where are you from?
Gemma Mitchell 1:23
From or where did I come from where do I live now?
Owen Rask 1:26
Where do you live now?
Gemma Mitchell 1:26
Sunshine Coast. Sunshine Coastland Sunning Coast, yeah.
Owen Rask 1:29
Yuck. Okay. Um, so today we uh we're gonna pull apart some myths. If you are a wage slave, if you think crypto is an investment, if you think that buying low and selling high is a great investment strategy, well we have some things for you today. Uh we will pull apart some of these myths and why Gemma and I take offense to some of these phrases and why you should too. Uh we'll explain the logic behind this battery. Uh, because it all sounds pretty good, but we'll pull it apart and hopefully have a bit of fun while we do it. As always, with our live shows at the end, we also have a Who Am I? And if you get the question correct, uh you do get one of Gemma's many books that she has authored. Uh she is officially a new author on Amazon, so uh I don't think the book you can buy it yet, but it is listed.
Gemma Mitchell 2:22
Yep, you can pre-sale, but you won't get it till January. Late Christmas presents.
Owen Rask 2:27
Yes. So Gemma is officially helping out dummies by writing a book under the dummies brand from Wiley. And what is the particular title?
Gemma Mitchell 2:36
It's Retirement and Superannuation for Australians.
Owen Rask 2:39
Retirement and Superannuation for Australians. So I'm assuming that this is for people who are approaching retirement.
Gemma Mitchell 2:45
It's actually got a bit of everything in there. So you could learn about super basics. You can learn about contributions. You can learn about the landmines that trip up super as you're building it. But yes, it's very heavy on retirement. It's got um aged pension stuff in there. So there might even be chapters that you just skip over now that are not relevant. But this is going to be the Bible for retirement and superannuation, all things.
Owen Rask 3:07
Wow. You hear it you heard it here fo first, folks. Um very humble indeed about that claim. Um the Bible of Australian Finance is now available for I'm guessing maybe just for for viewing or pre-order on the Amazon website. But seriously, it is a huge feat um to have uh Gemma with us and authoring the dummies book is a big thing because it's a huge franchise globally. So uh all power to you. Now we do have quite a few things. To get through. We've got some questions sent in advance. Yeah. And if you are watching the live, uh you can send in a question via the chat. We did have someone um pay money to us uh the other day on YouTube. You don't have to do that. It's actually not our business model for people to
Owen Rask 3:48
put money into YouTube and send us money through the YouTube live feed. But if you want to, I mean sure. I don't know what we'd do with it. Maybe you could um
Gemma Mitchell 3:56
That's a lot of fridge cigs.
Owen Rask 3:57
That's a lot of fridge SIGs. But maybe you could um, you know Be more mindful with the money, maybe support someone near you in the community around you or something like that.

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