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Living your Luxe Life on the Sunshine Coast.
We have conversations with people who have found “home” on the Sunshine Coast & explore how they connect home with lifestyle & community.
As Property Buyers Agent we also discuss the macro economic factors impacting economic growth & property growth & where we are in the property cycle.
We overlay local market nuances of different sub markets from Noosa Heads to Maroochydore, to the Hinterland.
I hope you enjoy the series Living Your Luxe Life.
Hi. I'm Christine Marnt from Luxe Coastal Property Buyers. Today, we have part 2 with our session with Nikki Fogder Moore. If you'd like to know more about it, please listen to part 1 where we discuss remote working in a lifestyle location and why CEOs from New York, Singapore, and all around the world might consider a lifestyle location whilst running their teams. Today, we are going on to another topic that Nikki is very, very passionate about, and that's women and financial literacy and also her smart pups.
Speaker 1:So welcome, Nikki.
Speaker 2:Thanks, Christine. Thanks for having me back. So obviously, you behaved well on the first one.
Speaker 1:You behaved really well and shared some great insights. Look, you are a very passionate person. You give everything not only to your own business, but to everyone else, you know, that surrounds you. So what do you believe is your biggest impact?
Speaker 2:My only thing is that good people do really well. I think the world's wealth needs to be handled by good values led leaders, so it's my mission to make sure that that if you're a good person and you want to succeed, you don't opt out. You know, there was that book, Sell the Ferrari and Become a Buddhist Monk. I feel like you can have the Ferrari and be a good kind person at the same time, so we need to ensure that good people have the tools for sustainable success and can build wealth and that they, by having good values led leaders, we also get better communities, better companies, better teams, better families. You know, just encouraging that side of things is, I think, my biggest impact.
Speaker 1:Yeah. Really encouraging people to live their best life.
Speaker 2:But also just to be, happy.
Speaker 1:Yeah. Yeah.
Speaker 2:You know? But a happy leader, an authentic leader, that doesn't mean that you can't make money. In fact, I need you to make money because then we'll grow that ripple effect of having the good values, you know, community, connection, contribution, all those things that help you build your P and L. They also should come from just being a really good person. I feel like a lot of people just go, I don't need need the money, I just want to be happy, but if that happened, then we're not going to have really good people holding the world's wealth.
Speaker 2:All the assholes will keep it. So we we, you know, I think there's a real argument before we've got to step out of an old mindset that you either got to be wealthy or happy. Yeah. Because I certainly know lots of wealthy people that aren't happy. Yep.
Speaker 1:So yeah. And also wealthy people that are happy. And I think that's what, Luxe Coastal is about. Luxe, I see is uniquely yours. Yeah.
Speaker 1:And it's different for every single person. Yeah. A 100%. But what I want to do is tap into the joy that's Luxe. Yeah.
Speaker 1:And then you'll have a very luxurious life, and it means something different to every single person.
Speaker 2:Oh, true. Yeah.
Speaker 1:But but people aren't always honest with themselves, and that's part of the journey when they go with me. It's like, how can we get to their core, actually, their values? Yeah. When it looks for for their family life or their homes and things like that. So that's the fun part for me.
Speaker 1:Yeah. That's the fun part for you too.
Speaker 2:100%. Like, being really honest with what really likes you, what's important to you. And that's why the values matrix, you know, in in fitpreneur, the fir one of the first challenge challenges in the first chapters is to identify what you value the most because those things are usually your kryptonite, some decision making. Yeah. So bringing those to the forefront.
Speaker 2:Yeah. And also not being a victim. I think, oh, I didn't know that or like, you've got to go through experiences. Siri cannot Siri cannot teach you everything. Life is for experiences, you know, you buy property, you sell property, you make money, you lose, you know, you lose money, you've got good lawyers or whatever, like, sometimes you don't, like, that's part of becoming better as a business person, becoming better as an adult.
Speaker 2:Yeah. And the older we get, we have to make different decisions. What do I want to do with the next 30, 20, 10 years of my life? Are there wills? What's you know, what do you wanna do with it all?
Speaker 2:Like And
Speaker 1:this one really sparked my next question. You held an event last year, and I think it was about in May. And it was centering around women's literacy and financial how they view finances. Women's wealth. Women's wealth.
Speaker 1:So step me through how you got all those incredible women in the room, first of all, and what sparked that event? I think it's a really interesting story.
Speaker 2:So I've been running these legacy lunches now for 10 years. I have the men's legacy lunch that I do every year, and we're just about to release the new dates, actually. Plug plug. Yep. And the women's wealth legacy I didn't just want I think legacy, depending on how you look at it as well, is an interesting word.
Speaker 2:But in the positive format of legacy on what do you wanna carry forward and how do you wanna create your future, I found that, you know, even myself was misguided around maths or, you know, when I grew up my parents didn't even talk to me about money. You know, my dad would do ledgers and it was all very I don't think I've come from an incredibly empowered life as a kid around money, because that was just that generation. Some people have and they've really been finance driven, but for a lot of women in business, I find that fear and shame and all the things meant that money was too hard a subject. I still find now that you can sit with a group of men and talk about 5, 10, 15,000,000 or 500,000,000 or a 1,000,000,000 or equity or crypto and bitcoin, and you can have all these discussions and no one's making it up. People are just trying to, like, come in there and talk about things, and it's much more everyday language.
Speaker 2:But with women, I feel like we haven't had the depth of the years of those conversations. Like, if you really traditionally look about it, it was more like swapping a recipe than swapping a trading tip Yeah. To be honest. Yeah. And that's there's nothing wrong with that, but what is what I do see wrong with it is when because I specialize in working with established CEOs, like global businesses or large businesses or people that have already made it, and they're just they're a bit kind of spent.
Speaker 2:They're like, oh, what next? And I can't get my stuff for this. Like, but I've noticed in mentoring and doing a lot of speaking engagements over the past 20 years that women often are a bit nervous, shy, haven't been holding the purse strings traditionally. You know, I have been given a budget or whatever else, but maybe not really part of the financial discussions. And I know this is changing, so if you're listening to this going, that's really archaic, you may think it is, but I do know day to day that predominantly, I would say 90% of the women I speak to still are of the same financial literacy of the men that I speak to.
Speaker 2:And I think, And there's nothing wrong without just, you know
Speaker 1:And, you know, you're saying it might be okay, but actually, if you're in the room with you that day, like I was, it's not okay
Speaker 2:for me.
Speaker 1:Because the women in the room were all successful business women that hadn't had some of the financial literacy tools. So they they are working really hard. The businesses could be going really well, but are they looking after their own nest egg?
Speaker 2:Well, that's
Speaker 1:the whole point. That is the whole point.
Speaker 2:I think because when when you start to be it's easy to run someone else's p and l. So if let's just say you're a female founder or a CEO or you're an accountant or whatever else, it's the same adage, running a project at work is different from running a project at home, and I felt like people were not earning their bills. They didn't really have a personal budget till they had to go and sign up for a mortgage or something, then they suddenly had to look at how many coffees they were having or Yeah. Were they going to spend that Camille address or whatever else. But the other part of that is what, divorces and breakups and breakdowns and the cost of relationships not working.
Speaker 2:Mhmm. And the the fact that in in Australia at the moment, the majority of homelessness is women middle aged and 50 plus on the streets. Like, I don't I know it's an uncomfortable conversation, but I want to shift it fast and go, right, what do we need to do? And the first thing I would say to people is get curious. Like, I don't care if you've got, you know, full of debt, a dollar, like, there's no judgment.
Speaker 2:So I think we have to eradicate all judgment.
Speaker 1:Yep.
Speaker 2:And then we have to go, what does good look like to you? Like, what will give you peace of mind? Is it that knowing that you've got $200 left in your bank account every week to pay for your kids' foods or is it 200,000? Yep. Like, I think we've got to start opening up the conversation without judgement.
Speaker 2:Yep. And then and then I know a lot of great men in business that are fantastic mentors for the women in their business.
Speaker 1:Yeah.
Speaker 2:But what I do know is that, behind the scenes, how we manage our personal finances, aren't nearly as accurate as how we manage our business finances.
Speaker 1:I think that I think it is the day to day management isn't as detailed at all because I've always been in the corporate world, but I've when I had to be focused on my finances, I was. But when I didn't, I sort of just let it go. But then also just having all those the key essential ingredients in place in case something doesn't work out. Contingency fund. What's your superannuation?
Speaker 1:What insurances do you have on your income? You know, all those kind of things.
Speaker 2:But even while you're saying that now, someone listening to this will be freaking out. I don't know if we can swear on this podcast because it's a high end show. But, but someone will be freaking the bleep out Yeah. Because they will hear this and they go, I don't have super. But I just wanna put it out there as an entrepreneur.
Speaker 2:I didn't and, you know, like, sometimes you don't have lots of super. You gotta have alternative ways to look at your financial future. Yep. So get curious.
Speaker 1:Yep.
Speaker 2:You know, there's even this, this there's some great people on YouTube. You gotta be careful who you listen to. Yeah. Really important. And then you've also got to be careful what advice you take from abroad.
Speaker 2:I know anyone listening to this could we could all put our hands up going, I had an accountant. They I lost all this money because they they didn't really understand the bigger picture for you. So you need to have a team of advisors around you that are working for your best interest, not just ticking a box, not just putting a modular framework in, but want which is why you're a great buyer's agent because you need to know what their needs are Yeah. And what their wants are.
Speaker 1:Yeah.
Speaker 2:And it's the needs and wants columns, and then it's the necessities, and it's the, you know, could you go without? Like, when I bought my infrared sauna Yeah. Stupid stupid comparison. But my health is so important to me, and my mental health is so important to me. So when I bought this infrared sauna, I worked out it was like 36 bottles of champagne, which I know I just wanna put it out there.
Speaker 2:I know it sounds ridiculous, but also or a certain amount of running shoes or whatever. I don't know because everyone's got different things, but I don't you've all got different things that we spend on. I think you've got to remove the judgment
Speaker 1:Yeah.
Speaker 2:And be excited about the possibility. So I would say get curious, start now, do not compare. Comparison is the thief of joy and it's the biggest handbrake to getting started. Yeah. Because you just don't know what would that person with the Range Rover parked in the driveway could be towed away tomorrow and their whole relationship's broken down.
Speaker 1:Yeah.
Speaker 2:So if you don't know what's in your bank balance, Warren Buffett is just the dude because he says check your bank balances every morning. Yep. You know? Yeah. He's just like people like that we need to be listening to that have built wealth that also have an ethos and an energy around money that is if you give your attention to money, if you appreciate it, if you nurture it, if you water it, if you pay attention to it like a beautiful garden bed, it will grow for you.
Speaker 1:Yeah.
Speaker 2:But if you avoid it and diss it and are afraid of it and feel negative about it, it will become just this desolate bed of nothing and it will always abate you.
Speaker 1:And you'll have huge fear around. Well, you'll be you'll be paralyzed by fear.
Speaker 2:Well, and the the only reason people are afraid is because they don't they're not informed. Yep. Right? So information, which is why these like, this year, I'm actually hiring out the whole island of Makepeace for a whole day, and I'm doing a full day women's wealth workshop with AI, planning, financial p and l's, you know, how do you set your goals, like, bringing in the most incredible speakers. Yeah.
Speaker 2:So that on that day, people just don't get inspired. They walk away with something.
Speaker 1:I
Speaker 2:think we need to give people tangible, a tangible first step. Oh, I've got this. I can because that's all you need is the the right first step.
Speaker 1:And I think, that was the lunch was excellent in starting a really robust conversation, and people were really honest in that room as well. Really honest. Yeah. Well, I know this is what I look like on the outside, but this is my challenge. Or this is the hurdles I've overcome or I'm still trying to overcome.
Speaker 1:And some people were brutally honest in the room. Yeah. Amazing and vulnerable. Right?
Speaker 2:But we've everyone's got something to share. Yeah. Yeah. And it's it's hard. Like, I mean, I've I probably made a really difficult property decision in the one that's now in the market, and it really was it punched me.
Speaker 2:You know? It's taken me a long time to recover from that and to go, how can I trust this and do that? And but I have to take those lessons and make them learnings. Yep. And I think the power I don't like the word resilience because I think it's about that sort of says a pain based theory where I like the word agility.
Speaker 2:Yeah. So, okay, you know, as an athlete, you've always gotta go. How can you be how do you train for your gold medal? And I think finance is the same. Like, what do you need to do?
Speaker 2:Break it down into micro goals. Yeah. Like, you know, $5 a day is a compound effect. Yeah. So, you know Yeah.
Speaker 2:It's so incredible.
Speaker 1:It does. And it's, some simple tools I know you share with people and it's also that for every dollar that comes in, 10% goes into profit. Yeah. And it just goes there and you water that and grow, plus have all your other goals set in place.
Speaker 2:And and one time one time I had this accountant and she said put 30% of your invoice in your GST account Yeah. So that your tax is or you've always got a tax account Yeah. And you've always got your PAYG, and then you've got your super. So, like, at the moment, beginning of the year, I always look
Speaker 1:at
Speaker 2:my year ahead. Yeah. And then the interesting thing, I think you've got 2 people listening to this. You've probably got entrepreneurs and women that are in business, and you've probably got women that maybe want to start having some financial independence in a relationship, and they could be in their fifties. I don't know.
Speaker 2:Yeah. But it's never too late to start. And we've got to be able to own a conversation where you're not manipulating the conversation, but you're actually just being your truth quadrants. Like, I feel I want I need these kind of things need to happen where you could where you go, there's always a first place to start. And and we need to know that money, like anything else, is something that will be that is energetic.
Speaker 2:It really is energetic.
Speaker 1:It is energetic. And I think I wanna close on this now because I think we've touched on so many great points. We've started the conversation, but I think the biggest point is it's never too too late to start. And I will also say there's some highly successful corporate women who have not looked after their personal finances. So it's it's just they haven't had a focus on on it.
Speaker 1:And and then there's also you said people in a relationship and people who want to start up a business, you know. So there's a whole range of people, but it's never too late
Speaker 2:to start at any age. I started property. I was earning so much money when I was running businesses in Europe and I was just I don't even know where that went because I my brain wasn't on buy property, get investment. So I started all of that relate. Yeah.
Speaker 2:But I don't think it matters. I think that's the joy that you spoke about. Yeah. We so it doesn't matter if you're listening to Christine and I now and you're like, I'm a woman of business. First of all, you've got to get comfortable with the subject.
Speaker 2:You've got to find the joy in it Yeah. And you've got to actually start giving it the attention it deserves in a way of curiosity. So every time that fear comes up, thought Tinder that. Swipe left on it. Go right.
Speaker 2:I'm gonna choose a positive reframe it. Yeah. Because if you don't reframe your perspective about cash, you won't be able to change the results that you're getting.
Speaker 1:Yeah. Look, I think that's a fantastic discussion. Great tips. Really, really good tips. And it's also, you know, is it as you said, is there much like is it your first property?
Speaker 1:Is it are you building a portfolio? What does that look like? You know, rent vesting, you know, all that kind of thing. It's such a great conversation. And I think also, you know, as a coach, you'll also have other areas with Twin Biz, you know, where to, grow equity and things like that.
Speaker 2:Yeah.
Speaker 3:And there's massive discussions on that. Like, if I mean, you know, if you listen to the news and you hear,
Speaker 2:wanting to use Bitcoin against the value of gold because he thinks it's an alternative currency, etcetera, etcetera, then you hear that eventually you can buy property with it, whatever, but we don't really know where that's gonna end up. But if you say I'm comfortable putting 2 to 5%, once you get to a so maybe your first part of portfolio is you just wanna have some cash on hand. That's your first pie in your portfolio is seeing that you can build something up and and watering and nurturing cash and spending less and saving more. That could be your first thing. Or maybe you've got something and you've got some super and you think, well, do I know how to get a property and is my 40% property this, that, and the other?
Speaker 2:Do I have shares? It doesn't matter if you've got a $1,000 in a in a Comsat account. Yeah. You know, but it's about actually having the awareness and starting somewhere and not waiting. Like, I think I waited because I until I I was with a client in New York years ago and he said, what on earth are you doing?
Speaker 2:He was like, you could have flown in here on a private jet. He said, you've made us so much money. My wife's happy. My family's happy. My staff are happy.
Speaker 2:The business is great. Why aren't you charging us more? Like, you just and I said, I wasn't really thinking about it. I just want to make an impact. He said, let me turn it around for you.
Speaker 2:He said, you can rescue more dogs and give back to things if you make more money. So he he changed the dialogue in my head to go, the better you do the better you can give back. And it kind of gave me permission to
Speaker 1:look
Speaker 2:at money differently and not feel guilty about exchange of value and it was a defining conversation. And he he understood me enough to know that I just didn't wanna go out and rip people off and overcharge and talk about it. I actually was so invested in client results that I was just giving you about my own p and l. And you know what?
Speaker 1:That is great advice and you'll follow that advice. And you said you could save more dogs. So tell us about Smart Pups, which you launched at the women's event.
Speaker 2:You know, like,
Speaker 1:Wealth Summit. So tell me about Mojo.
Speaker 2:I've spent so much money on charities Yeah. On a Raman Profit. Have you heard the Raman Profit scenario? So, if you're into Mitch Capital or you're a start up or you're a YC or whatever, you probably had Ramen profits. So Ramen profits are enough money that you can kind of operate.
Speaker 2:Right? You can have your ramen noodles. You can put petrol in your cart and everything else. You know, ramen profits. And if you I'd say even when I was on ramen profits, I was always giving back.
Speaker 2:Yeah. But one thing I never knew where my money was going to all these charities. Like, if I looked it up, 1,000 of dollars, like, I don't know, maybe even more than that over the past 20 years. I've just relentlessly always contributed back to the community. Even when I couldn't afford it, I always gave back.
Speaker 2:So then I thought, what about if if I change this around? So racehorses have a syndicate. You can buy them for a racehorse. By the way, I'm really against horse racing unless you're a great breeder. But, so so I thought, what about if you had a Labrador Smart Pup that was a trained assistance dog for like epilepsy or ADHD or these severe life crippling diseases where families can't even go to the house.
Speaker 2:So I thought, well, this is really cool. There's a Smart Pup, training program that is Australia wide that is run around the corner. And I thought this is so cool, but what if you could donate to Mojo the SmartPup, but if we create a syndicate where every single person was part of Mojo's journey? Yeah. Right?
Speaker 2:So that you saw that your $50, 250, 500,000, because it cost $26,000 to train him, then the family has to put $26,000 in just to actually get the got dog going. And it's such intense training, but I didn't want I wanted to create the syndicate where everyone thought I'm not just sponsoring Smart Parts, I'm going to see the whole journey of Mojo and then Mojo's family. So imagine sponsoring some a dog like Mojo that you actually see all his training Yeah. And then you actually end up seeing the family he gets placed with and the results of your money. So you would you know exactly so we give monthly reports, Update photos.
Speaker 2:You can have Mojo come to your office if you're based on the Sunshine Coast of Brisbane to show your staff. Yeah. Because we're too far removed from charitable donations, so I always make every year when I give back, I make sure that that give back is tangible, touchable, and trackable. Yeah. You know?
Speaker 2:And then then I know that I'm not just putting money somewhere I don't really know where it goes. The the funny thing is I don't think we've got enough supporters that we should have. We're really we're really missing another 10 k and that makes me sad. I felt like I'd failed Mojo. I'm like, why aren't you know, this is the one chance where you get to see where your money's going and it's local and you can have them come into your office because it's joy shared.
Speaker 1:I wonder if we can think of a corporate that actually needs a support of one of their employees, you know. Yeah. Instead of and they can be Well,
Speaker 2:I think all employees would probably put their hand up saying they need a support dog, you know. And that's the thing we've now got a a world where people just aren't coping. Like, people people even the top performers are not coping, and we've got people that aren't top performers that are triple not coping. Like, there's, like, there's real need at the moment. So thank you for weaving the Mojo syndicate in smartpups.org.auforward/campaignforward/mojo.
Speaker 2:Because I know you've also donated, like, a really cool helicopter tour to look at all the awesome properties and get envy from the air. Yeah. So I would love anyone listening to this. It doesn't matter if you're in Singapore, New York, Hong Kong, Sweden, you can still help us with Mojo. And I really just it's keeping me awake at night that we're not the people would donate to a racehorse.
Speaker 2:Yep. And and and get into a syndicate for a race horse, but they won't get into a syndicate for a life changing puppy that is specifically trained to keep someone from dying from having a panic attack. And that allows a family to go outside of their house. Yeah.
Speaker 1:You know? And I think this this this conversation has gone full circle. I said, you're passionate. Yeah. You make shit happen.
Speaker 1:Yeah. And you have an impact. So thanks very much, Nikki Fogden Moore, for sharing all your insights, and I look forward to speaking to you again.
Speaker 2:Yeah. Thanks, Chris. See you at coffee. Yeah.