1
00:00:00,300 --> 00:00:01,620
Speaker: Welcome to Honest Money.

2
00:00:02,040 --> 00:00:05,910
I'm your host, Anja, and today's
episode is brought to you by hard block.

3
00:00:11,284 --> 00:00:14,224
Anja: Thank you for crossing the
border to come on the podcast.

4
00:00:14,229 --> 00:00:14,329
Wence.

5
00:00:14,329 --> 00:00:15,249
Thank you both in different, all the

6
00:00:15,309 --> 00:00:16,129
Matthew: way from Byron Bay.

7
00:00:16,539 --> 00:00:18,964
We're both in different
states for the recording.

8
00:00:18,964 --> 00:00:19,744
It's so funny.

9
00:00:20,049 --> 00:00:20,434
Yeah, yeah.

10
00:00:20,434 --> 00:00:21,214
How is Byron Bay?

11
00:00:21,544 --> 00:00:22,084
Anja: I love it.

12
00:00:22,174 --> 00:00:22,564
I love it.

13
00:00:22,564 --> 00:00:24,094
I actually live in Lennox
Head at the moment.

14
00:00:24,094 --> 00:00:24,274
Oh,

15
00:00:24,329 --> 00:00:24,529
Matthew: do you?

16
00:00:24,599 --> 00:00:24,889
Anja: Okay.

17
00:00:24,889 --> 00:00:25,089
Yeah.

18
00:00:25,209 --> 00:00:25,769
Lennox is amazing.

19
00:00:25,769 --> 00:00:26,704
I absolutely love it.

20
00:00:26,704 --> 00:00:30,664
It's like my little coastal village and
I never want to go back to city life.

21
00:00:30,664 --> 00:00:31,624
I'm like addicted now.

22
00:00:31,624 --> 00:00:31,774
Where were

23
00:00:31,774 --> 00:00:32,344
Matthew: you before this?

24
00:00:32,494 --> 00:00:33,034
Anja: Sydney.

25
00:00:33,424 --> 00:00:34,414
Matthew: Oh, big change.

26
00:00:34,414 --> 00:00:35,434
Anja: Yeah, big change.

27
00:00:35,434 --> 00:00:36,754
Matthew: Tell me about
the work that you do.

28
00:00:37,024 --> 00:00:38,704
'cause you were in between jobs, you said.

29
00:00:38,884 --> 00:00:41,764
Anja: Yeah, so at the moment
I'm just working like locally

30
00:00:41,764 --> 00:00:43,294
at a, at a local hotel.

31
00:00:43,294 --> 00:00:44,764
It's like my fiat job.

32
00:00:44,764 --> 00:00:49,174
I've literally went from being in
the highest tax bracket to possibly.

33
00:00:49,234 --> 00:00:49,304
So you

34
00:00:49,489 --> 00:00:50,434
Matthew: had a complete like flip,

35
00:00:50,439 --> 00:00:51,409
Anja: like complete flip.

36
00:00:51,454 --> 00:00:51,844
Yeah.

37
00:00:51,904 --> 00:00:54,874
I really wanted a job that
gives me flexibility to

38
00:00:54,904 --> 00:00:56,374
continue basically doing this.

39
00:00:56,374 --> 00:00:57,994
So it's, yeah, it's like,

40
00:00:58,024 --> 00:01:00,484
Matthew: well, I just have to
ask then, Anya, what was the, I

41
00:01:00,484 --> 00:01:05,044
know, uh, I just wanna know like
you've gone from corporate Yeah.

42
00:01:05,104 --> 00:01:07,924
To something to happened with bitcoin.

43
00:01:09,034 --> 00:01:10,084
I'm just throwing something out.

44
00:01:10,204 --> 00:01:12,304
Maybe there was a relationship breakup.

45
00:01:12,304 --> 00:01:12,844
I needed it.

46
00:01:12,844 --> 00:01:16,474
I mean, I dunno, I find people have this
thing in life that something happens,

47
00:01:16,474 --> 00:01:17,674
they steer some to a different way.

48
00:01:17,884 --> 00:01:20,404
Anja: Yeah, I think it
was a number of things.

49
00:01:20,404 --> 00:01:24,424
So COVID definitely was
something that really impacted

50
00:01:24,694 --> 00:01:26,254
the way I think about things.

51
00:01:26,254 --> 00:01:30,814
And, you know, escaping
like a war torn Yugoslavia.

52
00:01:31,114 --> 00:01:33,639
Um, where that's where I was
born in Croatia and Okay.

53
00:01:33,964 --> 00:01:37,984
You know, my family's mixed Serbian
and Croatian coming to Australia for a

54
00:01:37,984 --> 00:01:43,564
better life and more freedom, um, felt
like the whole COVID era just was a

55
00:01:43,564 --> 00:01:45,994
regression on those individual freedoms.

56
00:01:46,264 --> 00:01:48,184
And that was kind of the first.

57
00:01:49,009 --> 00:01:53,269
A bit, I guess the first catalyst
I decided to sell my investment

58
00:01:53,269 --> 00:01:57,034
property and the little apartment
that I had and just wanted in

59
00:01:57,034 --> 00:01:57,194
Matthew: Sydney,

60
00:01:57,494 --> 00:01:58,519
Anja: uh, in Perth.

61
00:01:58,579 --> 00:01:59,899
So I'm originally from Perth.

62
00:02:00,199 --> 00:02:00,229
Okay.

63
00:02:00,379 --> 00:02:05,029
And yeah, decided to sell that because I
just didn't wanna be anchored to anything.

64
00:02:05,389 --> 00:02:05,479
Matthew: Mm-hmm.

65
00:02:05,539 --> 00:02:07,879
Anja: Um, until I kind of
figured out what I wanted to do.

66
00:02:07,879 --> 00:02:09,079
So I moved to Sydney.

67
00:02:09,409 --> 00:02:13,099
I, uh, got a really high
paying job and was climbing the

68
00:02:13,099 --> 00:02:13,999
corporate ladder really fast.

69
00:02:13,999 --> 00:02:14,359
What, what's your

70
00:02:14,359 --> 00:02:14,989
Matthew: specialty?

71
00:02:15,289 --> 00:02:17,989
Anja: Uh, customer experience
design and service design.

72
00:02:17,989 --> 00:02:18,019
Okay.

73
00:02:18,019 --> 00:02:22,399
So working for large organizations,
essentially trying to create

74
00:02:22,984 --> 00:02:25,894
efficiencies and improvements
across the board, but also improve

75
00:02:25,894 --> 00:02:27,694
that customer facing experience.

76
00:02:27,844 --> 00:02:27,874
Matthew: Okay.

77
00:02:28,114 --> 00:02:29,044
Anja: So I did that.

78
00:02:29,044 --> 00:02:32,494
I was in the corporate world and climbing
the corporate ladder really fast.

79
00:02:32,494 --> 00:02:36,094
And yeah, I just realized that, you
know, going up the corporate ladder

80
00:02:36,094 --> 00:02:37,894
doesn't necessarily lead to truth.

81
00:02:37,894 --> 00:02:39,729
It leads to political games and mm-hmm.

82
00:02:39,874 --> 00:02:41,134
And playing optics.

83
00:02:41,134 --> 00:02:43,114
And I was like, this kind of feels fake.

84
00:02:43,114 --> 00:02:44,614
And, and yeah.

85
00:02:44,614 --> 00:02:49,114
Then I discovered Bitcoin and, and
essentially just, yeah, it was, it, it

86
00:02:49,114 --> 00:02:53,644
still shocks me to this day, just how
much of like a core shaking, you know,

87
00:02:53,674 --> 00:02:58,744
experience it's been because I never
exp expected so late in life, like in

88
00:02:58,744 --> 00:03:01,804
my late thirties to just change so much.

89
00:03:01,984 --> 00:03:04,289
Like, you get, you go
through most so old Yeah.

90
00:03:04,289 --> 00:03:07,084
You go through most changes like
in your younger years and, yeah.

91
00:03:07,084 --> 00:03:07,234
No,

92
00:03:07,294 --> 00:03:07,864
Matthew: well, you, you.

93
00:03:08,449 --> 00:03:08,989
You're young

94
00:03:10,004 --> 00:03:10,939
Anja: like, yeah,

95
00:03:10,939 --> 00:03:11,299
Matthew: please.

96
00:03:11,479 --> 00:03:16,759
She's, she's saying, I'm, so, you know,
in my later years, I'm, I'm late thirties

97
00:03:17,179 --> 00:03:18,019
Anja: old at millennial,

98
00:03:18,139 --> 00:03:19,129
Matthew: you don't even have a gray hair.

99
00:03:19,129 --> 00:03:21,319
I've got, I've got, I've got
lots of gray hairs happening now.

100
00:03:21,409 --> 00:03:21,859
Anja: I do.

101
00:03:21,859 --> 00:03:23,389
I color my hair, so Okay.

102
00:03:24,109 --> 00:03:26,059
At home, because I'm cheap now.

103
00:03:26,509 --> 00:03:27,469
Matthew: Yeah, of course, of course.

104
00:03:27,469 --> 00:03:29,479
You wanna cut those costs
down and stack more Bitcoin.

105
00:03:29,479 --> 00:03:30,229
Anja: Exactly.

106
00:03:30,229 --> 00:03:33,559
No one's got time to sit in a,
in a hair salon for three hours.

107
00:03:33,739 --> 00:03:34,369
Matthew: No, they don't.

108
00:03:34,369 --> 00:03:34,849
Anja: No,

109
00:03:35,959 --> 00:03:36,029
Matthew: they don't.

110
00:03:36,029 --> 00:03:40,879
That's a, that's an interesting, really
interesting story and, um, congrats

111
00:03:40,879 --> 00:03:42,379
to you for taking the plunge, really.

112
00:03:42,439 --> 00:03:42,739
Anja: Yeah.

113
00:03:42,829 --> 00:03:48,169
Matthew: Because, um, uh, you
mentioned before about, um, you

114
00:03:48,169 --> 00:03:53,809
know, being anchored and I've had
this same epiphany, let's call it.

115
00:03:53,809 --> 00:03:54,139
Right.

116
00:03:54,139 --> 00:03:56,719
And I, and I sold all these
investment properties, all

117
00:03:56,719 --> 00:03:57,919
these commercial properties.

118
00:03:57,949 --> 00:04:01,369
I had a, a, like a seven car
collection thing happening.

119
00:04:01,549 --> 00:04:01,759
Anja: Yeah.

120
00:04:02,209 --> 00:04:03,499
Matthew: And it seemed like a dream.

121
00:04:03,559 --> 00:04:03,619
Anja: Yeah.

122
00:04:04,399 --> 00:04:07,969
Matthew: Until, it wasn't a dream,
until it was, I don't have time to deal

123
00:04:07,969 --> 00:04:12,019
with these cars actually, and they're
actually taking up my time and energy.

124
00:04:12,649 --> 00:04:14,809
And I was like, okay, I've had them now.

125
00:04:15,019 --> 00:04:15,259
Anja: Yeah.

126
00:04:15,619 --> 00:04:18,049
Matthew: Move them out more Bitcoin.

127
00:04:18,619 --> 00:04:19,789
Uh, and so that's what I did.

128
00:04:19,789 --> 00:04:23,419
So, and now I'm finding, I've
coined the phrase dematerialize.

129
00:04:23,659 --> 00:04:24,109
Anja: Yeah,

130
00:04:24,199 --> 00:04:24,889
Matthew: you've heard that one.

131
00:04:24,889 --> 00:04:25,129
Yeah.

132
00:04:25,189 --> 00:04:26,809
Dematerialize things.

133
00:04:26,809 --> 00:04:27,379
Yeah, absolutely.

134
00:04:27,379 --> 00:04:27,964
Into Bitcoin.

135
00:04:28,234 --> 00:04:28,524
Anja: Yeah.

136
00:04:28,729 --> 00:04:32,419
Matthew: And so properties, cars, and
then you start, obviously you start

137
00:04:32,419 --> 00:04:36,469
with the biggest things and then you
merge it into, like, I've got, I've

138
00:04:36,469 --> 00:04:37,759
just got like stuff at home, right?

139
00:04:37,789 --> 00:04:41,509
Just stuff I've held for, you know,
I've got storage set full of stuff.

140
00:04:42,364 --> 00:04:44,704
I don't need that stuff, for example.

141
00:04:44,824 --> 00:04:44,974
Anja: Yeah.

142
00:04:45,004 --> 00:04:45,724
Matthew: For those listening.

143
00:04:46,264 --> 00:04:47,254
Just BMX things.

144
00:04:47,524 --> 00:04:52,444
Like I used to have, I used to be A BMX
racer, so I've got BMX vintage things.

145
00:04:52,564 --> 00:04:53,464
Anja: Oh, that's so cute.

146
00:04:53,704 --> 00:04:54,154
Matthew: And yeah.

147
00:04:54,724 --> 00:04:55,024
Right.

148
00:04:55,084 --> 00:04:55,954
They're worth a lot of money.

149
00:04:55,969 --> 00:04:56,259
Anja: Yeah.

150
00:04:56,494 --> 00:04:56,824
Matthew: Yeah.

151
00:04:56,824 --> 00:04:58,864
And so I was just started
selling off these things.

152
00:04:58,894 --> 00:05:00,214
Here's an, here's a good example.

153
00:05:00,364 --> 00:05:03,094
I've got a, uh, one of the
members of my online community

154
00:05:03,154 --> 00:05:03,334
Anja: Yep.

155
00:05:03,514 --> 00:05:10,774
Matthew: He is 53, and he had this, he
had $500,000 worth of car memorabilia.

156
00:05:10,774 --> 00:05:12,664
I'm talking vintage signs.

157
00:05:13,174 --> 00:05:15,394
Castrol oil cans.

158
00:05:15,424 --> 00:05:15,514
Yeah.

159
00:05:16,114 --> 00:05:17,944
He, he's, um, an incredible guy.

160
00:05:18,664 --> 00:05:19,474
He's a trekker.

161
00:05:20,194 --> 00:05:21,754
He has a business, but he loves trekking.

162
00:05:22,024 --> 00:05:22,804
Anja: What's trekking

163
00:05:22,864 --> 00:05:24,364
Matthew: like trekking
through the wilderness.

164
00:05:24,424 --> 00:05:25,084
Anja: Oh, right, right.

165
00:05:25,174 --> 00:05:25,444
Tracker.

166
00:05:25,444 --> 00:05:26,014
Hiking.

167
00:05:26,134 --> 00:05:26,734
Matthew: Hiking.

168
00:05:26,794 --> 00:05:27,064
Anja: Okay.

169
00:05:27,064 --> 00:05:27,154
Matthew: Yeah.

170
00:05:27,154 --> 00:05:27,994
They call him Trekker.

171
00:05:28,144 --> 00:05:28,234
Okay.

172
00:05:28,234 --> 00:05:28,564
Right.

173
00:05:28,984 --> 00:05:30,904
And, uh, he does like the Kota track.

174
00:05:30,904 --> 00:05:32,764
He's like a guide on
that and thing, right?

175
00:05:32,854 --> 00:05:33,094
Anja: Yep.

176
00:05:33,454 --> 00:05:35,584
Matthew: He was walking through
the Himalayas or something.

177
00:05:35,584 --> 00:05:36,064
Exotic.

178
00:05:36,904 --> 00:05:38,509
Some guy mentions about Bitcoin.

179
00:05:38,824 --> 00:05:39,694
He's intrigued.

180
00:05:40,684 --> 00:05:41,734
He gets off the mountain.

181
00:05:41,809 --> 00:05:44,599
He gets handed a book, that's it.

182
00:05:44,899 --> 00:05:46,039
He's all in.

183
00:05:46,579 --> 00:05:50,779
It just was like this bang, wake up,
he gets back to Australia, he finds

184
00:05:50,809 --> 00:05:53,539
my community, he connects with me.

185
00:05:54,229 --> 00:05:55,849
He's like, Matt, all this is going.

186
00:05:56,299 --> 00:06:01,369
So every now and then he posts up on our,
on our group, just sold this Castro oil.

187
00:06:01,369 --> 00:06:04,189
Can $5,000 bought more Bitcoin, right?

188
00:06:04,189 --> 00:06:07,639
So as he just starts to dematerialize
all these physical possessions that he

189
00:06:07,639 --> 00:06:11,479
just really doesn't need, he's gonna had
them, what's he gonna do with them now?

190
00:06:11,479 --> 00:06:11,719
Right?

191
00:06:11,929 --> 00:06:12,319
Anja: Yeah.

192
00:06:12,559 --> 00:06:14,179
Matthew: So this is part of your journey.

193
00:06:14,389 --> 00:06:15,319
Anja: Absolutely.

194
00:06:15,319 --> 00:06:16,099
Absolutely.

195
00:06:16,099 --> 00:06:19,459
And, and like I, I sometimes
think, could I go back?

196
00:06:19,939 --> 00:06:23,119
Um, because obviously there are
benefits, like, you know, if I was

197
00:06:23,119 --> 00:06:28,609
earning more, I would be stacking more
aggressively than I am at the moment, but.

198
00:06:29,344 --> 00:06:32,944
It's just my values have changed
and I can't go back and I can't

199
00:06:33,544 --> 00:06:35,674
trade the lifestyle that I have now.

200
00:06:35,674 --> 00:06:38,194
Like, I get to see wildlife every day.

201
00:06:38,194 --> 00:06:40,474
I see dolphins, I see water dragons.

202
00:06:40,474 --> 00:06:43,414
I go walking for like two, three
hours on the beach every day.

203
00:06:43,414 --> 00:06:47,374
I go to the gym at 10:00 AM I work,
but a lot, you know, like I don't

204
00:06:47,404 --> 00:06:50,824
earn a lot of money, but I'm like
probably the happiest I've ever been.

205
00:06:50,944 --> 00:06:51,214
Matthew: Yeah.

206
00:06:51,244 --> 00:06:55,324
Anja: And do I wanna trade that live in
a dog box in Sydney and being the highest

207
00:06:55,324 --> 00:06:57,364
salary bracket and, you know, feel, feel

208
00:06:57,364 --> 00:06:58,264
Matthew: like, and go to all the stress.

209
00:06:58,294 --> 00:06:58,444
Anja: Yeah.

210
00:06:58,509 --> 00:06:58,859
Right.

211
00:06:58,919 --> 00:06:59,659
The political right of,

212
00:06:59,659 --> 00:07:00,544
Matthew: of the latter you mentioned.

213
00:07:00,544 --> 00:07:01,984
Anja: No, I, yeah.

214
00:07:02,164 --> 00:07:03,334
Nobody got time for that.

215
00:07:03,334 --> 00:07:08,224
So Bitcoin is a hell of a drug and you
know, like my main strategy is now is just

216
00:07:08,224 --> 00:07:11,254
really like continuing the accumulation,
particularly now that we're in a bear

217
00:07:11,254 --> 00:07:14,254
market and you know, buy, well it's cheap.

218
00:07:14,254 --> 00:07:14,314
Yeah.

219
00:07:14,374 --> 00:07:17,434
Um, and then just hold
onto it like self custody.

220
00:07:17,434 --> 00:07:17,524
Mm-hmm.

221
00:07:17,764 --> 00:07:18,754
Really passionate about that.

222
00:07:18,759 --> 00:07:18,979
Mm-hmm.

223
00:07:19,064 --> 00:07:22,174
Um, that's something I strongly
advocate on my podcast.

224
00:07:22,174 --> 00:07:25,264
But let me ask you a question
'cause you feel like this has.

225
00:07:25,814 --> 00:07:28,034
You know, an Anya show so far.

226
00:07:28,034 --> 00:07:28,334
Matthew: Well, maybe.

227
00:07:28,334 --> 00:07:32,354
I know it's been an a Well,
it's the AA show, right?

228
00:07:32,414 --> 00:07:33,014
However,

229
00:07:33,194 --> 00:07:33,404
Anja: yeah.

230
00:07:33,434 --> 00:07:35,084
Matthew: Maybe people
don't know much about aa.

231
00:07:35,144 --> 00:07:35,384
Yeah, yeah,

232
00:07:35,474 --> 00:07:35,774
Anja: yeah, they

233
00:07:35,979 --> 00:07:36,099
Matthew: do.

234
00:07:36,134 --> 00:07:36,944
They know a bit more now.

235
00:07:37,124 --> 00:07:37,454
Anja: Okay.

236
00:07:37,454 --> 00:07:37,874
They do.

237
00:07:37,879 --> 00:07:38,234
Yeah, they do.

238
00:07:38,234 --> 00:07:40,124
Thank you for, thank you
for the introduction.

239
00:07:40,664 --> 00:07:40,724
Matthew: Yeah.

240
00:07:40,724 --> 00:07:41,219
Who is aa?

241
00:07:41,219 --> 00:07:41,499
Yeah,

242
00:07:41,519 --> 00:07:41,739
Anja: who?

243
00:07:41,829 --> 00:07:42,539
Who's aa?

244
00:07:43,124 --> 00:07:43,604
Um.

245
00:07:44,374 --> 00:07:47,104
But I'd love to know, one of
the reasons that I started

246
00:07:47,104 --> 00:07:49,114
this podcast is a few reasons.

247
00:07:49,114 --> 00:07:52,234
So, one is to help de
weird Bitcoin in Australia.

248
00:07:52,474 --> 00:07:56,644
We all know people who you know,
are into Bitcoin and I have had

249
00:07:56,644 --> 00:08:00,454
some clients that are like boomers
say, you know, I love Bitcoin.

250
00:08:00,664 --> 00:08:05,884
I wanna, you know, buy more Bitcoin to
pass it on to my grandchildren and sell

251
00:08:05,944 --> 00:08:07,714
more investment properties that I've got.

252
00:08:07,714 --> 00:08:11,224
Turn that into Bitcoin, but I can't
talk to any of my friends about

253
00:08:11,224 --> 00:08:13,024
it because they think I'm nuts.

254
00:08:13,114 --> 00:08:13,204
Mm-hmm.

255
00:08:13,444 --> 00:08:14,839
So I wanna help dewi that.

256
00:08:14,974 --> 00:08:19,624
And it's so satisfying because recently
on LinkedIn, I've been shit posting

257
00:08:19,624 --> 00:08:21,184
on LinkedIn for about two years now.

258
00:08:21,184 --> 00:08:26,344
And in the beginning, everyone that I've
worked with never liked any of my posts.

259
00:08:26,884 --> 00:08:26,944
Oh, okay.

260
00:08:26,949 --> 00:08:32,194
And I've had people reach out to me
privately and say, um, you know, I've been

261
00:08:32,194 --> 00:08:36,664
in Bitcoin for a while, I really like it,
but they're just really like hiding it.

262
00:08:37,054 --> 00:08:38,464
And recently I've had.

263
00:08:39,499 --> 00:08:40,699
Like my post.

264
00:08:40,699 --> 00:08:43,909
And I was like, you know,
it's, it's starting to change.

265
00:08:43,939 --> 00:08:44,959
It's starting to change.

266
00:08:44,959 --> 00:08:48,319
And that's what I'm really, um, it's
so satisfying sometimes, like the

267
00:08:48,319 --> 00:08:52,849
smallest metrics that you wouldn't think
are important are so important to me.

268
00:08:52,849 --> 00:08:54,829
And that's kind of one of those metrics.

269
00:08:55,249 --> 00:08:59,809
Um, but I'm curious about you because
the other, uh, thing I wanna do is

270
00:09:00,049 --> 00:09:04,279
we, in Australia, we have Twitter
Bitcoiners and we have Instagram

271
00:09:04,309 --> 00:09:08,779
Bitcoiners, and I've interviewed some
Instagram bitcoiners, like Adam Hudson.

272
00:09:08,784 --> 00:09:08,954
Mm-hmm.

273
00:09:09,199 --> 00:09:12,769
And now you and I wanna
help merge the two worlds.

274
00:09:13,309 --> 00:09:16,579
Where are you in your
like Bitcoin philosophy?

275
00:09:16,579 --> 00:09:17,809
Are you Bitcoin only?

276
00:09:18,409 --> 00:09:19,219
Matthew: Great question.

277
00:09:19,309 --> 00:09:19,669
Anja: Yeah.

278
00:09:19,789 --> 00:09:20,989
Matthew: Shout out to Adam Hudson.

279
00:09:21,079 --> 00:09:21,289
Anja: Yeah.

280
00:09:21,319 --> 00:09:21,739
Matthew: Great guy.

281
00:09:22,399 --> 00:09:26,359
Um, so, uh, and he's, and just let me say
this, Adam's actually played a, played a

282
00:09:26,359 --> 00:09:29,359
really strong, uh, impact in my life too.

283
00:09:29,389 --> 00:09:30,409
'cause he was a mentor of mine

284
00:09:30,499 --> 00:09:30,709
Anja: Oh,

285
00:09:30,709 --> 00:09:31,129
Matthew: nice.

286
00:09:31,129 --> 00:09:32,089
During the Amazon days.

287
00:09:32,119 --> 00:09:32,989
Anja: I didn't know this.

288
00:09:32,989 --> 00:09:33,469
Matthew: Love this.

289
00:09:33,469 --> 00:09:33,664
Yeah.

290
00:09:33,664 --> 00:09:33,829
Yeah.

291
00:09:33,829 --> 00:09:34,609
So, um, yeah.

292
00:09:34,609 --> 00:09:35,059
Great guy.

293
00:09:36,889 --> 00:09:37,729
Where do I sit?

294
00:09:38,179 --> 00:09:41,089
I've moved from, I think a lot of
people go through this journey,

295
00:09:41,089 --> 00:09:42,889
Anya, which is, they get into crypto.

296
00:09:44,299 --> 00:09:46,729
Uh, I got some training years ago.

297
00:09:46,819 --> 00:09:46,999
Anja: Yeah.

298
00:09:47,149 --> 00:09:50,809
Matthew: Spent $20,000 for a whole
year of meeting with a guy to learn

299
00:09:50,809 --> 00:09:53,959
about Bitcoin and crypto before
I just sort of just shoveling my

300
00:09:53,959 --> 00:09:56,179
money in and wasting it basically.

301
00:09:56,299 --> 00:09:56,479
Anja: Yeah.

302
00:09:56,479 --> 00:09:56,509
I,

303
00:09:57,469 --> 00:09:58,159
Matthew: I did that though.

304
00:09:58,159 --> 00:09:59,209
I wanna share this with people too.

305
00:09:59,449 --> 00:10:04,339
I did that because I'd spent 20 plus
thousand dollars in Amazon training,

306
00:10:04,939 --> 00:10:08,689
which then paid off to do an Amazon
business, which I created, which

307
00:10:08,719 --> 00:10:11,449
ultimately did $70 million in revenue Wow.

308
00:10:11,479 --> 00:10:12,469
In like a few years.

309
00:10:12,529 --> 00:10:12,889
Anja: Nice.

310
00:10:12,919 --> 00:10:14,089
Matthew: Completely changed my life.

311
00:10:14,149 --> 00:10:14,329
Anja: Yeah.

312
00:10:14,869 --> 00:10:15,799
Matthew: So paid off.

313
00:10:16,249 --> 00:10:19,189
So investing in yourself is worth it.

314
00:10:19,459 --> 00:10:19,789
Okay.

315
00:10:19,819 --> 00:10:23,179
So I can go and invest myself again
through this, uh, crypto training.

316
00:10:24,229 --> 00:10:26,929
And they said at the time like, diversify.

317
00:10:27,319 --> 00:10:28,969
Like diversify, not diversify.

318
00:10:29,509 --> 00:10:32,509
Property shares in crypto,
diversify within crypto.

319
00:10:32,749 --> 00:10:32,839
Mm-hmm.

320
00:10:32,989 --> 00:10:33,319
Yeah.

321
00:10:33,979 --> 00:10:36,679
But one thing they did say
though, was go heavy Bitcoin.

322
00:10:37,159 --> 00:10:37,309
Yeah.

323
00:10:37,309 --> 00:10:39,319
So 80% Bitcoin something or other.

324
00:10:39,349 --> 00:10:43,219
So I did, I went to the heavy
Bitcoin ethe, the standard stuff.

325
00:10:43,219 --> 00:10:43,489
Right.

326
00:10:43,489 --> 00:10:45,349
Sort of the top 10 alt coins.

327
00:10:45,769 --> 00:10:47,599
Um, some meme coins.

328
00:10:47,629 --> 00:10:47,899
Right.

329
00:10:47,959 --> 00:10:49,849
And you kind of, you're, you're gambling.

330
00:10:51,649 --> 00:10:55,009
Speaker 5: Quick one for the Aussies
listening hard block is offering

331
00:10:55,009 --> 00:10:57,709
a $10 signup discount right now.

332
00:10:57,949 --> 00:11:01,459
And if you're with another
exchange, ask yourself this.

333
00:11:01,789 --> 00:11:05,419
Are they Australia's longest
running Bitcoin only exchange?

334
00:11:05,629 --> 00:11:08,059
Because if not, maybe it's time to switch.

335
00:11:08,629 --> 00:11:15,469
Head to hard block.com au slash
join slash Honest Money and

336
00:11:15,469 --> 00:11:17,389
start stacking stats today.

337
00:11:18,219 --> 00:11:18,429
Anja: Yep.

338
00:11:18,459 --> 00:11:19,719
Matthew: You don't really
know what you're doing.

339
00:11:19,719 --> 00:11:19,989
Right.

340
00:11:19,989 --> 00:11:23,409
You, and you're sort of throwing money
into like, oh, I hope at a hundred Xs.

341
00:11:24,339 --> 00:11:30,909
Ultimately what's happened over time
is I've morphed out of alt coins, read

342
00:11:30,909 --> 00:11:36,459
more books about Bitcoin, understand
bitcoin more, because it's not just

343
00:11:36,909 --> 00:11:40,899
the monetary aspect of Bitcoin,
it's the philosophy of Bitcoin.

344
00:11:41,499 --> 00:11:44,019
And as you go down that
Bitcoin rabbit hole, you are

345
00:11:44,349 --> 00:11:45,219
like, what's happened to you?

346
00:11:45,219 --> 00:11:45,579
Anya?

347
00:11:45,609 --> 00:11:47,019
Your life starts to change.

348
00:11:47,019 --> 00:11:48,129
You think differently.

349
00:11:48,639 --> 00:11:51,009
Then you start seeing
things like through COVID.

350
00:11:51,339 --> 00:11:54,009
One of the big wake up calls for
me was not just the fact that.

351
00:11:54,519 --> 00:11:56,019
Uh, I stood against the jab.

352
00:11:56,079 --> 00:11:57,669
I, none of my family got the jab.

353
00:11:57,879 --> 00:11:58,149
Anja: Mm.

354
00:11:58,749 --> 00:12:01,809
Matthew: I was in a position
though at the time to reject it

355
00:12:01,809 --> 00:12:04,149
because I had a shit ton of money

356
00:12:04,239 --> 00:12:04,449
Anja: Mm.

357
00:12:04,869 --> 00:12:05,559
Matthew: In the bank.

358
00:12:05,709 --> 00:12:05,919
Anja: Yeah.

359
00:12:06,129 --> 00:12:10,089
Matthew: I didn't have to worry
about crossing the border or I didn't

360
00:12:10,089 --> 00:12:11,799
give a shit about going to the pub.

361
00:12:12,009 --> 00:12:12,159
Anja: Yeah,

362
00:12:12,189 --> 00:12:12,369
Matthew: right.

363
00:12:12,369 --> 00:12:13,869
I was like, I'm not doing that shit.

364
00:12:13,929 --> 00:12:14,229
Right.

365
00:12:14,289 --> 00:12:19,209
You could see the writing was on the
wall following, in that same context

366
00:12:19,209 --> 00:12:25,629
was the Canadian trucker saga where
the banks froze people's accounts.

367
00:12:26,919 --> 00:12:27,969
I've never seen that before.

368
00:12:28,119 --> 00:12:28,419
Anja: Yeah.

369
00:12:28,689 --> 00:12:30,399
Matthew: I was like, wow, this is crazy.

370
00:12:30,669 --> 00:12:33,189
Anja: I, I have, but that's the
thing, like, you, people don't

371
00:12:33,189 --> 00:12:36,129
think that it's gonna happen like
in, in countries like Canada and

372
00:12:36,129 --> 00:12:37,719
Australia, but it absolutely does.

373
00:12:37,719 --> 00:12:41,769
Like there's authoritarian overreach
happening here all the time,

374
00:12:41,799 --> 00:12:45,879
and it's becoming more and more
prominent and it's like, is this the

375
00:12:45,879 --> 00:12:48,519
Australia that I came to in 1997?

376
00:12:48,609 --> 00:12:49,029
Matthew: It's not,

377
00:12:49,029 --> 00:12:49,329
Anja: no.

378
00:12:50,484 --> 00:12:51,534
Matthew: Massive wake up call.

379
00:12:51,594 --> 00:12:51,834
Anja: Yeah.

380
00:12:52,224 --> 00:12:54,864
Matthew: So then you start
understanding about self custody of

381
00:12:54,864 --> 00:12:57,564
Bitcoin can't be seized, et cetera.

382
00:12:57,864 --> 00:12:58,194
Okay.

383
00:12:58,194 --> 00:12:59,604
And so that was, that was basically it.

384
00:13:00,084 --> 00:13:03,624
Let me add this though too, Anya is,
people might be listening to this and

385
00:13:03,624 --> 00:13:06,414
thinking that was, that was years ago.

386
00:13:06,414 --> 00:13:07,194
Like that stopped.

387
00:13:07,194 --> 00:13:08,634
Now everything's good, right?

388
00:13:09,174 --> 00:13:11,094
We're going through the fuel crisis.

389
00:13:11,154 --> 00:13:11,334
Yeah.

390
00:13:11,334 --> 00:13:15,144
Whether it's fabricated or not,
there's, the crisis is happening,

391
00:13:15,144 --> 00:13:16,644
so prices are definitely going up.

392
00:13:16,944 --> 00:13:17,094
Anja: Yeah.

393
00:13:17,124 --> 00:13:18,984
Matthew: Whether we've got the
fuel or not, the prices are up.

394
00:13:19,164 --> 00:13:19,494
Okay.

395
00:13:20,154 --> 00:13:23,814
And what's, and there's like a
run at the moment on assets and

396
00:13:23,814 --> 00:13:25,194
people turning 'em into cash.

397
00:13:25,224 --> 00:13:29,034
So this is the time when people freak
out and they wanna rotate out of maybe

398
00:13:29,034 --> 00:13:31,854
stock shares, property, crypto into cash.

399
00:13:31,884 --> 00:13:33,804
'cause they kind of feel like
that's the best thing to hold.

400
00:13:33,924 --> 00:13:34,254
Right.

401
00:13:35,664 --> 00:13:41,664
Uh, the bank of, uh, UBS in, in Europe
has just frozen a property fund.

402
00:13:42,054 --> 00:13:44,274
Worth 400 plus million dollars.

403
00:13:44,274 --> 00:13:44,334
Yeah.

404
00:13:44,574 --> 00:13:49,104
For up to three years because
there was a run on that fund.

405
00:13:49,104 --> 00:13:50,964
People wanted to take their money out.

406
00:13:52,404 --> 00:13:53,034
Sorry.

407
00:13:53,574 --> 00:13:54,834
You can't take the money out.

408
00:13:55,104 --> 00:13:55,224
Anja: Yep.

409
00:13:55,494 --> 00:13:59,064
Matthew: So this type of, it's not
necessarily freezing your bank account,

410
00:13:59,064 --> 00:14:03,144
but it's freezing other investments
that you can no longer do as you perhaps

411
00:14:03,144 --> 00:14:07,344
thought you could by just moving it
around willy-nilly having a liquid asset.

412
00:14:07,494 --> 00:14:07,584
Yeah.

413
00:14:07,584 --> 00:14:07,914
Okay.

414
00:14:08,424 --> 00:14:12,504
Think about just recently too,
where we had the, the, there was

415
00:14:12,504 --> 00:14:14,334
a big increase in gold value.

416
00:14:14,784 --> 00:14:15,114
Okay.

417
00:14:15,564 --> 00:14:20,874
And was fascinating to me, Anya,
because I loved it, was the people

418
00:14:20,874 --> 00:14:22,734
that were queuing up down the street.

419
00:14:23,124 --> 00:14:23,454
Okay.

420
00:14:23,454 --> 00:14:25,104
Now I call those the sheeple.

421
00:14:25,854 --> 00:14:27,564
They were queuing up down the street.

422
00:14:27,569 --> 00:14:27,609
Yep.

423
00:14:28,329 --> 00:14:31,119
Not when, when, not when Gold
was like, Hey, it's dirt cheap

424
00:14:31,119 --> 00:14:32,349
right now, guys come and get it.

425
00:14:32,349 --> 00:14:34,209
Like, nah, we don't want that gold.

426
00:14:34,209 --> 00:14:34,869
It's too cheap.

427
00:14:35,499 --> 00:14:38,049
And they went, okay, well look,
how about we put the price up?

428
00:14:38,049 --> 00:14:40,869
We, we put it up to
$4,000, whatever, right?

429
00:14:41,319 --> 00:14:41,799
Great.

430
00:14:42,039 --> 00:14:43,389
We're gonna, we wanna buy some now.

431
00:14:43,389 --> 00:14:46,389
So the people lining up down the street
and the news comes out and films the

432
00:14:46,389 --> 00:14:48,639
door and it's interviewing people
in the street and like, yeah, we are

433
00:14:48,639 --> 00:14:51,099
buying gold because, you know, we
think it's a great asset, da da da.

434
00:14:51,129 --> 00:14:51,399
Right?

435
00:14:51,579 --> 00:14:55,329
And it's just a complete, like,
it's a, it's like a bit of a joke

436
00:14:55,329 --> 00:14:59,559
now and unfortunately the same
thing is now happening in Bitcoin.

437
00:15:00,579 --> 00:15:04,989
When Bitcoin was at one 26,000 and
roughly late last year, everybody's

438
00:15:04,989 --> 00:15:07,689
buying the hype is there now.

439
00:15:07,749 --> 00:15:10,299
It's on like a, basically a 50% discount.

440
00:15:10,779 --> 00:15:13,329
And there's like ghosts now, right?

441
00:15:13,389 --> 00:15:18,099
And now is the time actually people should
be, as I like to say, um, as I hear people

442
00:15:18,099 --> 00:15:20,469
say back up the truck to get more bitcoin.

443
00:15:21,579 --> 00:15:26,409
Anja: I did see some Google data, Google
Analytics data recently that in America

444
00:15:26,409 --> 00:15:30,369
and Australia, and I assume other
countries too, um, the search term, how

445
00:15:30,369 --> 00:15:35,619
to buy Bitcoin has gone up nearly to
2017 levels, which is really strange

446
00:15:35,619 --> 00:15:37,389
considering we're in a bear market.

447
00:15:37,749 --> 00:15:37,779
Matthew: Mm.

448
00:15:37,809 --> 00:15:43,569
Anja: So, yeah, it'll be interesting
to see, like I've, I've had a few

449
00:15:43,569 --> 00:15:45,039
people reach out to me as well.

450
00:15:45,039 --> 00:15:47,619
It's like they've been
thinking about it for a while.

451
00:15:47,619 --> 00:15:50,169
They're like, so how do I get started?

452
00:15:50,649 --> 00:15:50,799
Matthew: Yeah.

453
00:15:51,219 --> 00:15:55,029
Let me say this, Danya, what's
interesting about Bitcoin is that,

454
00:15:56,319 --> 00:15:57,549
actually, let me tell this story.

455
00:15:58,089 --> 00:16:00,669
There's a guy that I know
that's worth $500 million.

456
00:16:01,029 --> 00:16:01,149
Mm, okay.

457
00:16:01,149 --> 00:16:01,989
This is a good story.

458
00:16:02,799 --> 00:16:04,599
Has a truckload of properties.

459
00:16:04,629 --> 00:16:10,149
He's in his sixties and I spoke to him
recently, an Australian guy, and he said,

460
00:16:10,359 --> 00:16:12,339
Matthew, my biggest mistake was not.

461
00:16:12,939 --> 00:16:13,869
Buying any Bitcoin.

462
00:16:14,469 --> 00:16:15,069
What did he buy?

463
00:16:15,069 --> 00:16:15,399
Anya?

464
00:16:15,519 --> 00:16:16,179
XRP.

465
00:16:16,479 --> 00:16:16,779
Anja: Oh, no.

466
00:16:17,079 --> 00:16:17,559
Matthew: Yes.

467
00:16:17,649 --> 00:16:18,729
He bought a lot of XRP.

468
00:16:18,849 --> 00:16:19,029
Anja: Yep.

469
00:16:19,179 --> 00:16:21,099
Matthew: Now maybe that's
a hedge for people, right?

470
00:16:21,129 --> 00:16:26,769
I'm not, I'm not dissing XRP, but he
wished he'd bought Bitcoin as well.

471
00:16:26,774 --> 00:16:26,994
Anja: Mm-hmm.

472
00:16:27,189 --> 00:16:27,429
Matthew: Okay.

473
00:16:27,939 --> 00:16:31,689
And the reason why he wanted to
do that was because, um, he now

474
00:16:31,689 --> 00:16:33,699
realizes the portability of Bitcoin.

475
00:16:33,699 --> 00:16:37,959
He's got all anchoring, all these other
investment properties and developments.

476
00:16:37,959 --> 00:16:39,129
I've been talking massive things, right?

477
00:16:39,219 --> 00:16:39,429
Anja: Yeah.

478
00:16:40,149 --> 00:16:41,949
Matthew: Are just anchoring
him down in this country.

479
00:16:42,009 --> 00:16:45,429
So he wants to dematerialize those
and put into Bitcoin so he can

480
00:16:45,759 --> 00:16:47,649
move his wealth around the globe.

481
00:16:48,129 --> 00:16:54,099
Now, the point of this story is
that why would a $500 million person

482
00:16:54,099 --> 00:16:56,469
contact me to talk about Bitcoin?

483
00:16:57,219 --> 00:17:00,519
It's because it doesn't matter
actually how many zeros are in

484
00:17:00,519 --> 00:17:02,079
your bank account, so to speak.

485
00:17:02,439 --> 00:17:05,439
Everyone's on the same journey
of discovering Bitcoin.

486
00:17:05,439 --> 00:17:08,799
So whether you've got a hundred
dollars net worth or you've got,

487
00:17:08,859 --> 00:17:10,269
uh, a million dollar net wealth.

488
00:17:10,599 --> 00:17:11,979
You still have to discover Bitcoin.

489
00:17:12,279 --> 00:17:12,459
Anja: Yep.

490
00:17:12,849 --> 00:17:18,099
Matthew: So when you talked about the
inquiry rate might be up right now, what

491
00:17:18,099 --> 00:17:22,329
we've also seen is a lot of people who
have a lot of money, yet they're not

492
00:17:22,329 --> 00:17:24,339
suffering from petrol prices issues.

493
00:17:24,789 --> 00:17:25,149
Okay.

494
00:17:25,929 --> 00:17:27,729
That's the, that's the
beauty of having money.

495
00:17:27,789 --> 00:17:27,999
Anja: Yeah.

496
00:17:28,059 --> 00:17:28,989
Matthew: All these small things.

497
00:17:28,989 --> 00:17:33,039
Like honestly, if, if, if
Bitcoin quadrupled today,

498
00:17:33,129 --> 00:17:34,359
I wouldn't even notice it.

499
00:17:34,449 --> 00:17:34,689
Right.

500
00:17:34,689 --> 00:17:35,589
It wouldn't affect me.

501
00:17:35,769 --> 00:17:35,979
Anja: Yeah.

502
00:17:36,159 --> 00:17:37,329
Matthew: Affects a lot of other people.

503
00:17:37,539 --> 00:17:41,109
And so when you've got a lot of money,
there's, you have bigger problems now.

504
00:17:41,259 --> 00:17:42,369
Mm. Not the little problems.

505
00:17:42,429 --> 00:17:42,579
Yeah.

506
00:17:42,789 --> 00:17:46,389
But you also have to go on this
journey of discovering Bitcoin as well.

507
00:17:46,569 --> 00:17:46,719
Yeah.

508
00:17:46,749 --> 00:17:51,519
Because even the $500 million guy just
can't go down to his bank manager at

509
00:17:51,519 --> 00:17:55,209
the moment and say, I want to allocate
some of my portfolio to, to Bitcoin.

510
00:17:55,209 --> 00:17:56,589
He has to discover it himself.

511
00:17:57,159 --> 00:18:00,459
So the, the, the search term
is up, perhaps, I would say,

512
00:18:00,459 --> 00:18:04,839
because a lot of wealthy people
understand what Bitcoin is now.

513
00:18:04,839 --> 00:18:05,859
They're sort of catching on.

514
00:18:06,099 --> 00:18:08,019
And the adoption rate, I think I saw, uh.

515
00:18:09,144 --> 00:18:13,734
A chart only yesterday showing that
the, those who have more net wealth, the

516
00:18:13,734 --> 00:18:17,394
whales are increasing their buying today.

517
00:18:17,484 --> 00:18:20,124
Anja: Yeah, absolutely.

518
00:18:20,124 --> 00:18:20,784
Absolutely.

519
00:18:20,784 --> 00:18:22,074
And I love, I love this story.

520
00:18:22,134 --> 00:18:26,244
Um, I have heard that as well, that
quite a lot of like high net worth

521
00:18:26,244 --> 00:18:29,724
individuals are taking an interest in
Bitcoin, particularly in Australia.

522
00:18:30,024 --> 00:18:34,224
But it's interesting that you said that
he, because he wanted to diversify, he

523
00:18:34,224 --> 00:18:40,284
diversified into XRP, whereas have you
seen that, um, that chart that shows two

524
00:18:40,284 --> 00:18:44,724
circles and a lot of people think that
crypto Bitcoin is part of crypto and

525
00:18:44,724 --> 00:18:50,304
Fiats on this side, but it's actually
fiat and crypto are in the same circle.

526
00:18:50,304 --> 00:18:53,724
And Bitcoin is, is its
own standalone thing.

527
00:18:53,724 --> 00:18:57,534
So if you wanna diversify, you don't
wanna just diversify across asset

528
00:18:57,534 --> 00:19:00,144
classes, but across systems as well.

529
00:19:00,474 --> 00:19:00,804
Matthew: Right.

530
00:19:00,804 --> 00:19:03,294
Which is interesting because
you see a lot of people who are,

531
00:19:03,504 --> 00:19:05,244
and I've owned XRP before too.

532
00:19:05,274 --> 00:19:05,454
Anja: Yeah.

533
00:19:05,459 --> 00:19:05,619
Matthew: Okay.

534
00:19:06,804 --> 00:19:08,004
And let me be transparent.

535
00:19:08,184 --> 00:19:11,994
Today I have probably
95 plus percent Bitcoin.

536
00:19:12,204 --> 00:19:16,344
I have six figures of Solana,
which I just had for ages.

537
00:19:17,214 --> 00:19:17,274
Yeah.

538
00:19:17,364 --> 00:19:18,264
And it's done quite well.

539
00:19:18,384 --> 00:19:18,534
Yeah.

540
00:19:18,534 --> 00:19:19,074
I've sat on it.

541
00:19:19,494 --> 00:19:23,574
Um, and I also hold some Tesla
shares and strategy shares.

542
00:19:23,664 --> 00:19:23,904
Anja: Yep.

543
00:19:24,234 --> 00:19:24,654
Matthew: That's it.

544
00:19:24,954 --> 00:19:25,164
Anja: Yep.

545
00:19:25,194 --> 00:19:26,244
Matthew: That's my whole portfolio done.

546
00:19:26,244 --> 00:19:26,364
Yep.

547
00:19:26,454 --> 00:19:26,724
Okay.

548
00:19:27,324 --> 00:19:28,794
Um, heavy, heavy Bitcoin.

549
00:19:28,854 --> 00:19:29,034
Anja: Yep.

550
00:19:29,934 --> 00:19:35,364
Matthew: But, uh, the XRP holders, what's
interesting is they're all about, we

551
00:19:35,364 --> 00:19:38,364
hate the system, we wanna get out of it.

552
00:19:38,424 --> 00:19:38,754
Right.

553
00:19:39,144 --> 00:19:42,234
And then the same, the next
sentence is, and this is going to

554
00:19:42,234 --> 00:19:44,034
be the new rails for the system.

555
00:19:44,334 --> 00:19:44,544
Yeah.

556
00:19:45,264 --> 00:19:45,534
Right.

557
00:19:46,194 --> 00:19:46,794
The new bra.

558
00:19:46,824 --> 00:19:49,914
We're gonna, we're gonna replace the
swift rails and we're gonna put in

559
00:19:49,914 --> 00:19:53,424
the XRP rails, which are gonna, and
we're gonna partner with the banks.

560
00:19:53,574 --> 00:19:54,684
And we love the banks.

561
00:19:54,689 --> 00:19:54,899
Yeah.

562
00:19:55,104 --> 00:19:56,604
And it was like, whatcha talking about,

563
00:19:56,964 --> 00:20:00,714
Anja: are they intellectually confused
or ideologically confused or both?

564
00:20:01,494 --> 00:20:04,974
Matthew: I think it's, I look
the great thing about XRP.

565
00:20:05,319 --> 00:20:08,319
It's got an incredible marketing team.

566
00:20:08,409 --> 00:20:08,709
Anja: Yes.

567
00:20:09,309 --> 00:20:09,519
Matthew: Okay.

568
00:20:09,549 --> 00:20:10,449
Like incredible.

569
00:20:10,599 --> 00:20:10,809
Anja: Yeah.

570
00:20:10,959 --> 00:20:13,509
Matthew: The amount of money
that that goes into it is,

571
00:20:13,509 --> 00:20:16,179
is obscene and good on 'em.

572
00:20:16,479 --> 00:20:16,839
Right.

573
00:20:17,169 --> 00:20:19,269
Uh, Bitcoin doesn't have a marketing team.

574
00:20:19,839 --> 00:20:22,119
It's just the people like you and
me who talk about it 'cause we

575
00:20:22,119 --> 00:20:25,539
believe in it, not because we're
getting paid to talk about it.

576
00:20:25,659 --> 00:20:25,809
Anja: Yeah.

577
00:20:25,809 --> 00:20:26,199
Matthew: So to speak.

578
00:20:26,859 --> 00:20:27,789
Anja: Sponsored by big Bitcoin.

579
00:20:27,879 --> 00:20:27,939
Yeah,

580
00:20:28,634 --> 00:20:29,994
Matthew: yeah, yeah, yeah.

581
00:20:30,729 --> 00:20:31,089
Anja: Yeah.

582
00:20:31,089 --> 00:20:31,749
I love that.

583
00:20:31,749 --> 00:20:32,319
I love that.

584
00:20:32,319 --> 00:20:34,569
So, um, I'd lost my train of thought.

585
00:20:36,339 --> 00:20:37,719
I was gonna ask you a
really good question.

586
00:20:37,809 --> 00:20:41,019
Matthew: That happens to me all the
time and I go down a rabbit hole

587
00:20:41,379 --> 00:20:42,669
and then I go, oh, that's right.

588
00:20:42,669 --> 00:20:44,049
We should be talking about something else.

589
00:20:44,049 --> 00:20:46,659
And what we talking about again,
because I just keep going down.

590
00:20:48,729 --> 00:20:50,199
Anja: Let's talk about the fuel situation.

591
00:20:50,199 --> 00:20:52,869
'cause I did actually
just recently this hair.

592
00:20:53,679 --> 00:20:53,889
Matthew: Yeah.

593
00:20:53,949 --> 00:20:59,079
Anja: I did just recently, um, uh,
listen to one of your podcasts and

594
00:20:59,379 --> 00:20:59,664
Matthew: what was I saying?

595
00:21:00,504 --> 00:21:02,154
Anja: Uh, or you're talking
about the straight of MOUs?

596
00:21:02,154 --> 00:21:03,174
Um, oh yeah.

597
00:21:03,324 --> 00:21:03,624
Yep.

598
00:21:03,684 --> 00:21:07,914
And, and just like the whole situation
giving like different potential scenarios

599
00:21:07,914 --> 00:21:09,504
like two to three months from now.

600
00:21:09,714 --> 00:21:12,654
If these things don't, uh,
get sorted out, how that might

601
00:21:12,954 --> 00:21:14,574
look like, um, in Australia.

602
00:21:14,574 --> 00:21:16,284
What, what do you think this situation is?

603
00:21:16,284 --> 00:21:18,174
'cause I know you also
listen to Simon Dixon.

604
00:21:19,464 --> 00:21:19,694
Matthew: Yeah, yeah, yeah.

605
00:21:19,824 --> 00:21:22,554
Sort of listening to what Simon, I like
to listen to a range of different voices.

606
00:21:22,554 --> 00:21:22,614
Yeah.

607
00:21:23,094 --> 00:21:25,284
Simon Dixon I've found
to be super fascinating.

608
00:21:25,854 --> 00:21:28,794
Um, he's obviously done very
well in the Bitcoin space.

609
00:21:28,794 --> 00:21:33,684
He's super sort of locked into sort
of the behind the scenes of banking.

610
00:21:33,684 --> 00:21:36,474
'cause he, he actually tried to
get his own bank up and running.

611
00:21:36,474 --> 00:21:36,484
Yeah.

612
00:21:36,484 --> 00:21:36,894
You know that.

613
00:21:36,894 --> 00:21:37,014
Yeah.

614
00:21:37,674 --> 00:21:41,574
So I think what's gonna happen in
Australia though is that, uh, if the

615
00:21:41,574 --> 00:21:44,904
strait is not open and we don't start
seeing a com, a consistent flow of

616
00:21:44,904 --> 00:21:50,154
oil and the oil price comes down, then
the, obviously petrol will stay at a

617
00:21:50,154 --> 00:21:52,134
high price, probably will go higher.

618
00:21:52,584 --> 00:21:56,784
That will then flow through to
everything starting with, I mean,

619
00:21:56,784 --> 00:21:58,584
you even see the reports recently.

620
00:21:58,959 --> 00:22:02,079
The cafes wanna put their coffee
up by 30 cents or whatever, right?

621
00:22:02,079 --> 00:22:02,379
I mean, yeah.

622
00:22:03,009 --> 00:22:03,609
Hang on a second.

623
00:22:03,999 --> 00:22:06,249
But, um, I understand they're
gonna put the prices up, but

624
00:22:06,249 --> 00:22:08,259
why does the cafes, everybody's
gonna have to put their price up.

625
00:22:08,439 --> 00:22:08,679
Anja: Yeah.

626
00:22:08,799 --> 00:22:12,339
Matthew: Which ultimately means
that you're gonna then see, like

627
00:22:12,339 --> 00:22:15,819
what we saw recently on the, a bbc,
ABC's out there, we need more money.

628
00:22:15,819 --> 00:22:16,059
Right?

629
00:22:16,059 --> 00:22:19,209
Not because of fuel prices, is they
They do, but everybody's gonna be

630
00:22:19,209 --> 00:22:22,509
on strike then because we need more
money because we don't have enough

631
00:22:22,509 --> 00:22:26,139
fiat dollars to pay for the inflation
now of all the, all the goods, right?

632
00:22:26,259 --> 00:22:26,349
Mm-hmm.

633
00:22:26,589 --> 00:22:29,019
But it's a never ending cycle.

634
00:22:29,889 --> 00:22:32,979
Just when you think they've, like, you
think, um, someone protests, they get

635
00:22:32,979 --> 00:22:34,119
the pay, think great, they're done.

636
00:22:34,119 --> 00:22:34,959
Now they've got their power.

637
00:22:35,019 --> 00:22:35,199
No.

638
00:22:35,229 --> 00:22:36,489
'cause then a year later they're back.

639
00:22:36,729 --> 00:22:40,209
Because the why, you know this
because the monetary system is broken.

640
00:22:40,419 --> 00:22:40,629
Anja: Yeah,

641
00:22:40,659 --> 00:22:40,899
Matthew: yeah.

642
00:22:40,899 --> 00:22:42,549
Inflation just keeps pushing up.

643
00:22:42,609 --> 00:22:46,029
You got inflation and currency,
the basement, now the money.

644
00:22:46,089 --> 00:22:47,529
So go back to the fuel prices.

645
00:22:48,849 --> 00:22:51,489
People will then start
requiring a pay rise.

646
00:22:51,489 --> 00:22:53,199
The government will
have to step in because.

647
00:22:53,619 --> 00:22:54,729
People can't afford anything.

648
00:22:54,729 --> 00:22:57,009
So then there'll be these handouts.

649
00:22:57,249 --> 00:22:57,549
Right.

650
00:22:57,579 --> 00:23:00,219
Much, probably, probably much
like we saw through COVID.

651
00:23:00,549 --> 00:23:00,639
Yep.

652
00:23:00,639 --> 00:23:03,499
The, the, you know, it'd be the fuel
crisis handout, boom, boom, boom, boom.

653
00:23:03,729 --> 00:23:06,909
Everyone gets some money and of
course it'll go to the middle

654
00:23:06,909 --> 00:23:09,909
class and, uh, probably the
lower end of the middle class.

655
00:23:10,059 --> 00:23:12,249
And also the poor people,
if I can put it that way.

656
00:23:12,369 --> 00:23:12,679
Yeah, yeah.

657
00:23:13,059 --> 00:23:15,819
Those who are just completely
broke on fixed incomes.

658
00:23:16,899 --> 00:23:19,209
Then what will happen is the
bank will put the rates up

659
00:23:19,509 --> 00:23:19,689
Anja: Yep.

660
00:23:20,469 --> 00:23:21,609
Matthew: To try and curb the inflation.

661
00:23:21,969 --> 00:23:24,369
So then all the people with mortgage
is gonna be completely wrecked.

662
00:23:24,374 --> 00:23:24,634
Yeah.

663
00:23:24,789 --> 00:23:25,059
Yeah.

664
00:23:25,119 --> 00:23:25,599
Who knows?

665
00:23:25,599 --> 00:23:25,719
Go up.

666
00:23:25,719 --> 00:23:28,839
We may see rates go, I'm, I, look,
I'm, I'm speculating here, but

667
00:23:30,159 --> 00:23:34,599
have a look at your budget because
if it goes up two, 3%, it could

668
00:23:34,599 --> 00:23:36,189
put a lot of people over the edge.

669
00:23:36,264 --> 00:23:36,554
Yeah.

670
00:23:36,559 --> 00:23:36,909
Yeah.

671
00:23:36,909 --> 00:23:40,539
'cause they were already squeezed
before the petrol prices.

672
00:23:40,539 --> 00:23:42,459
There was, remember that we
had a cost of living crisis.

673
00:23:42,459 --> 00:23:42,549
Mm-hmm.

674
00:23:42,789 --> 00:23:44,229
It was all people spoke about.

675
00:23:44,499 --> 00:23:44,709
Anja: Yeah.

676
00:23:45,129 --> 00:23:46,899
Matthew: And now they've
like, made that even worse.

677
00:23:47,079 --> 00:23:47,289
Anja: Yeah.

678
00:23:47,289 --> 00:23:47,529
Matthew: Okay.

679
00:23:48,009 --> 00:23:51,489
So the rates will go up and then
people will lose their jobs.

680
00:23:52,149 --> 00:23:53,799
And then it'll go into this other cycle.

681
00:23:53,799 --> 00:23:54,699
Then we'll go into recession.

682
00:23:54,819 --> 00:23:55,089
Anja: Mm.

683
00:23:55,779 --> 00:23:57,219
Matthew: And then the government's
gonna have step in and like

684
00:23:57,219 --> 00:23:59,169
actually like print way more money.

685
00:23:59,769 --> 00:24:01,269
Even more than the handouts.

686
00:24:01,329 --> 00:24:01,539
Anja: Yeah.

687
00:24:01,779 --> 00:24:04,389
Matthew: And then hard assets will
go through the roof and then you'll

688
00:24:04,389 --> 00:24:06,009
see Bitcoin go through the roof.

689
00:24:06,399 --> 00:24:09,429
And no doubt, property will probably
also go through the roof too, because

690
00:24:09,429 --> 00:24:15,069
of also you've seen, um, the cost
of producing a property goes up.

691
00:24:15,069 --> 00:24:15,129
Yeah.

692
00:24:15,279 --> 00:24:16,239
The plumbing supplies.

693
00:24:16,389 --> 00:24:18,789
Supplies just came out recently
and said all of our plumbing

694
00:24:18,789 --> 00:24:20,019
supplies are gonna go up 30%.

695
00:24:20,169 --> 00:24:20,439
Anja: Yeah.

696
00:24:20,589 --> 00:24:21,009
Matthew: Wow.

697
00:24:21,459 --> 00:24:27,759
So it's just never ending cycle
of, um, inflation wage increases,

698
00:24:27,969 --> 00:24:30,909
which then is more inflation, which
is then more currency debasement.

699
00:24:30,909 --> 00:24:32,499
And we just go through these
cycles again and again.

700
00:24:32,499 --> 00:24:32,769
Again.

701
00:24:33,219 --> 00:24:37,329
And the only thing people need
to realize is that they needed to

702
00:24:37,329 --> 00:24:38,859
have a hard asset like bitcoin.

703
00:24:40,149 --> 00:24:42,969
To put their savings into
which they cannot be debased.

704
00:24:43,029 --> 00:24:43,209
Anja: Yep.

705
00:24:43,509 --> 00:24:44,349
Matthew: That's pretty much it.

706
00:24:44,469 --> 00:24:44,949
Anja: That's it.

707
00:24:45,399 --> 00:24:46,479
Matthew: Now, here's the problem.

708
00:24:46,479 --> 00:24:51,459
Mana is most people don't have
much money because it's being

709
00:24:51,519 --> 00:24:53,319
taken away by the inflation.

710
00:24:53,529 --> 00:24:53,769
Anja: Yeah.

711
00:24:54,249 --> 00:24:57,009
Matthew: But what I talk about
all the time, and I'm gonna,

712
00:24:57,129 --> 00:24:59,379
I'm gonna divvy into SM SFS now.

713
00:24:59,499 --> 00:24:59,619
Mm-hmm.

714
00:24:59,619 --> 00:25:00,009
Okay.

715
00:25:00,399 --> 00:25:03,669
Most people have some
sort of superannuation.

716
00:25:03,879 --> 00:25:03,999
Mm-hmm.

717
00:25:04,629 --> 00:25:08,169
The sad part is, is that
is also being wrecked.

718
00:25:08,649 --> 00:25:08,979
Okay.

719
00:25:09,099 --> 00:25:14,109
The average superannuation fund over the
past 20 years does about seven to 8%.

720
00:25:14,769 --> 00:25:15,009
Okay.

721
00:25:15,129 --> 00:25:20,139
The hurdle rate in Australia
would be round 14, let's say 15%.

722
00:25:20,319 --> 00:25:20,529
Anja: Yeah.

723
00:25:20,709 --> 00:25:24,249
Matthew: The hurdle rate is
what you've gotta achieve after

724
00:25:24,339 --> 00:25:26,019
inflation and currency debasement.

725
00:25:26,199 --> 00:25:26,409
Anja: Yeah.

726
00:25:26,559 --> 00:25:29,409
Matthew: So when people listening to
this, they're like, yeah, but I get 8%.

727
00:25:29,444 --> 00:25:31,779
I, I had someone the other day
say to me he was, that was good.

728
00:25:32,289 --> 00:25:32,589
Anja: Yeah.

729
00:25:32,679 --> 00:25:33,909
Matthew: I was like,
dude, you need to wake up.

730
00:25:34,179 --> 00:25:34,479
Okay.

731
00:25:34,479 --> 00:25:35,769
You're going backwards.

732
00:25:35,829 --> 00:25:36,009
Anja: Yeah.

733
00:25:36,069 --> 00:25:36,399
Matthew: Okay.

734
00:25:36,699 --> 00:25:42,279
So if people aren't keeping up with the
hurdle rate, their savings, retirement

735
00:25:42,279 --> 00:25:45,879
savings in a superannuation fund is
not keeping up with the inflation.

736
00:25:46,209 --> 00:25:46,419
Anja: Yeah.

737
00:25:46,479 --> 00:25:47,529
Matthew: And the currency debasement.

738
00:25:47,829 --> 00:25:48,009
Anja: Yeah.

739
00:25:48,429 --> 00:25:49,539
Matthew: So what can they do?

740
00:25:50,169 --> 00:25:53,589
They can take that, those funds
outta their superannuation account,

741
00:25:54,009 --> 00:25:58,779
rotate that into a self-managed
super fund and allocate to Bitcoin.

742
00:25:59,139 --> 00:25:59,919
Why would they do that?

743
00:25:59,919 --> 00:26:00,279
Anya?

744
00:26:00,549 --> 00:26:04,749
Because Bitcoin right now is, has a
cagr, a compounding annual growth rate

745
00:26:05,199 --> 00:26:11,319
of at least 30, 40% annual and is likely
to see that over the next 20 years.

746
00:26:11,319 --> 00:26:14,919
As Michael Sayler says, it's the
gold rush period for Bitcoin.

747
00:26:15,429 --> 00:26:22,269
His CAGR forecast is 30 to 60% over the
next 20 years, and then after 20 years,

748
00:26:22,479 --> 00:26:24,489
he thinks it'll settle down to about 21%.

749
00:26:25,059 --> 00:26:28,509
You can isolate that down
into even smaller timeframes.

750
00:26:29,034 --> 00:26:33,444
Kathy Wood Arc invest, her
price prediction is a CAGR of

751
00:26:33,444 --> 00:26:36,264
63% over the next five years.

752
00:26:36,594 --> 00:26:40,584
So basically a 10 x between now
and 20 30, 20 32, let's say.

753
00:26:40,764 --> 00:26:40,884
Yeah.

754
00:26:40,884 --> 00:26:41,064
Right.

755
00:26:41,574 --> 00:26:42,354
Absolutely.

756
00:26:42,354 --> 00:26:47,034
Crushes the existing
establishment of superannuation.

757
00:26:47,154 --> 00:26:47,364
Anja: Mm-hmm.

758
00:26:47,394 --> 00:26:49,164
Matthew: Here's the next
problem with superannuation.

759
00:26:49,854 --> 00:26:54,384
The government, the Labor Party
of Australia wants to raid it.

760
00:26:54,804 --> 00:26:55,224
Okay.

761
00:26:55,524 --> 00:26:57,324
Now, I don't wanna be hyperbolic here.

762
00:26:58,134 --> 00:27:01,134
It doesn't mean they're gonna
come into the, to your, your

763
00:27:01,134 --> 00:27:02,214
account and just take the money.

764
00:27:02,334 --> 00:27:02,514
Yeah.

765
00:27:02,514 --> 00:27:02,694
Okay.

766
00:27:02,694 --> 00:27:05,874
That's what I'm, even though I think
the legislation is they actually could

767
00:27:05,874 --> 00:27:10,854
through war situations or crises, but
what I'm talking about is they're in

768
00:27:10,854 --> 00:27:14,064
cahoots with the big industry super funds.

769
00:27:14,094 --> 00:27:14,364
Anja: Yeah.

770
00:27:14,364 --> 00:27:14,754
Matthew: Okay.

771
00:27:15,504 --> 00:27:16,224
Think of this.

772
00:27:16,674 --> 00:27:19,794
Wayne Swan was the former
treasurer of Australia.

773
00:27:20,934 --> 00:27:23,394
Jim Chalmers and him are good mates.

774
00:27:23,964 --> 00:27:24,354
Okay.

775
00:27:25,194 --> 00:27:28,494
Wayne Swan is now head of, of, uh, Cbus.

776
00:27:29,049 --> 00:27:29,559
Super.

777
00:27:30,909 --> 00:27:31,179
Anja: Okay.

778
00:27:32,409 --> 00:27:38,079
Matthew: The Labor Party want these
big superannuation companies to invest

779
00:27:38,169 --> 00:27:45,279
the money into labor PET projects
such as social housing and gr um,

780
00:27:45,339 --> 00:27:47,379
and flawed green energy projects.

781
00:27:47,439 --> 00:27:47,709
Anja: Yeah.

782
00:27:47,829 --> 00:27:48,099
Matthew: Okay.

783
00:27:48,429 --> 00:27:51,039
They're not interested in what
is gonna be the best return.

784
00:27:51,729 --> 00:27:55,629
I spoke to a gentleman yesterday
who I had a, uh, a Bitcoin meeting

785
00:27:55,629 --> 00:28:00,459
with, let's call that he's in the
construction industry, and he used

786
00:28:00,459 --> 00:28:02,709
to work for a unionized workforce.

787
00:28:02,829 --> 00:28:03,219
Okay.

788
00:28:03,939 --> 00:28:06,909
He said The construction is so corrupt.

789
00:28:07,569 --> 00:28:11,529
The amount of money that goes into these
things is completely ballooned out.

790
00:28:11,529 --> 00:28:15,669
It's taxpayer's money funneled
through by essentially the Labor

791
00:28:15,669 --> 00:28:17,769
party to their mates in the C-F-M-E-U.

792
00:28:17,769 --> 00:28:22,599
We already know about the $15
billion that got wasted in Victoria.

793
00:28:22,929 --> 00:28:23,799
Where's that money gone?

794
00:28:23,799 --> 00:28:24,399
We don't know.

795
00:28:24,939 --> 00:28:28,209
Into bikey gangs and, and
hookers and drugs, no doubt.

796
00:28:29,139 --> 00:28:29,799
Allegedly.

797
00:28:30,369 --> 00:28:33,789
And, and so there's huge amounts
of waste in these types of

798
00:28:33,789 --> 00:28:34,659
construction deals, right?

799
00:28:34,869 --> 00:28:39,639
So my point is that if your superannuation
funds are being invested in these types

800
00:28:39,639 --> 00:28:43,209
of deal types of deals, do you think
you're gonna get the best return on

801
00:28:43,209 --> 00:28:44,824
investment for your retirement funds?

802
00:28:45,364 --> 00:28:45,904
No, you're not.

803
00:28:46,854 --> 00:28:47,144
Okay.

804
00:28:47,469 --> 00:28:52,539
And so that's why two reasons now
why people need to move out of a

805
00:28:52,989 --> 00:28:58,389
traditional super fund into SMSF to get
it away from government control and to

806
00:28:58,389 --> 00:29:01,059
allocate to the best performing asset.

807
00:29:01,494 --> 00:29:06,054
That has ever been and is expected
to be until the next 20 years plus.

808
00:29:06,114 --> 00:29:06,264
Yeah.

809
00:29:06,294 --> 00:29:06,594
Okay.

810
00:29:06,594 --> 00:29:08,514
Probably 30, 40, et cetera.

811
00:29:09,324 --> 00:29:13,134
Now, a lot of people I speak to
say we wanna get out of government

812
00:29:13,134 --> 00:29:14,304
control, this, that, and the other.

813
00:29:14,304 --> 00:29:15,324
We want sovereignty and everything.

814
00:29:15,384 --> 00:29:15,804
Great.

815
00:29:16,074 --> 00:29:17,034
Get Bitcoin then.

816
00:29:17,514 --> 00:29:18,984
But they get paralyzed, aren't you?

817
00:29:19,104 --> 00:29:19,374
Anja: Yeah.

818
00:29:19,554 --> 00:29:24,354
Matthew: They're paralyzed with fear
of, Ooh, go and read a fricking book.

819
00:29:24,384 --> 00:29:24,684
Anja: Yeah.

820
00:29:24,774 --> 00:29:27,954
Matthew: Go and understand what
Bitcoin is before you do it.

821
00:29:28,224 --> 00:29:28,554
Right.

822
00:29:28,944 --> 00:29:31,944
The other thing that people should
know is that they don't have to

823
00:29:31,944 --> 00:29:35,214
allocate their entire life savings
in a super fund to Bitcoin.

824
00:29:35,544 --> 00:29:36,144
Don't do that.

825
00:29:36,744 --> 00:29:39,714
Move your funds from
superannuation into an SMSF.

826
00:29:39,984 --> 00:29:41,244
Let's say you've got 200,000.

827
00:29:41,364 --> 00:29:41,544
Anja: Yeah.

828
00:29:42,054 --> 00:29:45,174
Matthew: You could put a hundred
thousand dollars into Bitcoin

829
00:29:45,534 --> 00:29:50,454
and $50,000 into Tesla shares
and 50,000 into the s and p 500.

830
00:29:50,544 --> 00:29:50,814
Anja: Exactly.

831
00:29:50,814 --> 00:29:51,534
Matthew: If you wanted to Yeah.

832
00:29:51,534 --> 00:29:52,524
You could diversify it.

833
00:29:52,524 --> 00:29:54,234
At least it's away from
government control.

834
00:29:54,239 --> 00:29:54,954
Yeah, yeah.

835
00:29:54,954 --> 00:29:59,364
To from them rating it and you've now
you've allocated at least something.

836
00:29:59,969 --> 00:30:02,604
To Bitcoin, the best performing asset.

837
00:30:02,874 --> 00:30:04,194
Anja: Yeah, absolutely.

838
00:30:04,194 --> 00:30:08,964
I, I did, um, uh, move my, uh, super into
Bitcoin like a hundred percent in Oh,

839
00:30:09,114 --> 00:30:09,564
Matthew: you did?

840
00:30:09,564 --> 00:30:10,354
Anja: Yeah, yeah, yeah.

841
00:30:10,354 --> 00:30:11,154
And, and Awesome.

842
00:30:11,244 --> 00:30:11,544
Yeah.

843
00:30:11,874 --> 00:30:15,144
Um, did it like now in two,
towards the end of 2014.

844
00:30:15,144 --> 00:30:16,704
So went up and then went down.

845
00:30:16,704 --> 00:30:18,114
But like I, I

846
00:30:18,114 --> 00:30:18,144
are

847
00:30:18,144 --> 00:30:21,294
Matthew: yous you moved
your super into an SMSF

848
00:30:21,354 --> 00:30:21,504
Anja: Yeah.

849
00:30:21,924 --> 00:30:23,094
Matthew: In 2014?

850
00:30:23,424 --> 00:30:23,754
Anja: No.

851
00:30:23,754 --> 00:30:24,264
Oh my god.

852
00:30:24,264 --> 00:30:25,374
2024. Okay.

853
00:30:26,904 --> 00:30:27,564
I wish

854
00:30:28,434 --> 00:30:28,944
Matthew: Anya

855
00:30:29,089 --> 00:30:29,309
Anja: No.

856
00:30:29,369 --> 00:30:30,069
So you're

857
00:30:30,069 --> 00:30:30,749
Matthew: ahead of the game.

858
00:30:31,554 --> 00:30:32,034
Anja: No, no.

859
00:30:32,034 --> 00:30:33,144
My numbers, yeah.

860
00:30:33,144 --> 00:30:34,134
I keep doing this.

861
00:30:34,134 --> 00:30:36,654
2024. I've, I've said this on
a different podcast as well.

862
00:30:36,654 --> 00:30:39,954
It was something to do with
talking on LinkedIn about Bitcoin.

863
00:30:39,954 --> 00:30:41,544
Definitely not 2014.

864
00:30:41,694 --> 00:30:42,614
Okay, so 2024.

865
00:30:42,614 --> 00:30:42,624
Perfect.

866
00:30:42,649 --> 00:30:43,269
Matthew: It, it still good.

867
00:30:44,349 --> 00:30:45,399
Anja: Yeah, yeah, absolutely.

868
00:30:45,399 --> 00:30:46,989
So it went up and then it went down.

869
00:30:46,989 --> 00:30:48,009
But I know it's going back up.

870
00:30:48,009 --> 00:30:51,669
So yeah, it's, it's, um, the
best thing I've ever done.

871
00:30:51,669 --> 00:30:54,819
I'm so glad I did this and,
and yeah, quite a few of my

872
00:30:54,819 --> 00:30:56,649
friends, um, have, have done it.

873
00:30:56,709 --> 00:31:00,069
And I think the process is now
getting a little bit harder as well.

874
00:31:00,279 --> 00:31:03,789
I know that when I was trying to
move it out of Australian super,

875
00:31:04,179 --> 00:31:07,899
I had to liquidate all of the
positions and turn it into cash to

876
00:31:07,899 --> 00:31:09,579
move, make it easier to move across.

877
00:31:09,939 --> 00:31:14,259
Um, so, but then, yeah, they, they
kept dragging their feet and moving the

878
00:31:14,259 --> 00:31:16,539
goalpost in terms of what was needed.

879
00:31:16,629 --> 00:31:16,869
Matthew: Yes.

880
00:31:16,869 --> 00:31:19,119
Anja: So they said like, you
need this, this, and this, and

881
00:31:19,119 --> 00:31:20,409
I prepared that documentation.

882
00:31:20,409 --> 00:31:24,639
Then they needed a certain way, and
then they wanted it like signed by.

883
00:31:24,824 --> 00:31:24,854
A

884
00:31:25,799 --> 00:31:26,204
Matthew: JP or

885
00:31:26,204 --> 00:31:26,954
Anja: something.

886
00:31:26,954 --> 00:31:27,224
Yeah, yeah, yeah.

887
00:31:27,224 --> 00:31:31,124
And, but I went to the post office and
the stamp that the Australian Post Office

888
00:31:31,124 --> 00:31:35,984
uses nationally wasn't good enough for
them because it was missing the employee

889
00:31:35,984 --> 00:31:39,464
name, and it was like I had to go back
to the post office, found the same lady.

890
00:31:39,464 --> 00:31:41,834
She goes, okay, like,
I'll just write my name.

891
00:31:42,014 --> 00:31:42,134
Matthew: Yeah.

892
00:31:42,134 --> 00:31:43,574
Anja: Like it was just, it was just, yeah.

893
00:31:43,574 --> 00:31:43,634
I'm

894
00:31:43,634 --> 00:31:45,404
Matthew: gonna say something
very controversial, aren't you?

895
00:31:45,404 --> 00:31:45,464
Yeah.

896
00:31:45,464 --> 00:31:45,914
Anja: Go for it.

897
00:31:46,574 --> 00:31:49,634
Matthew: The Australian superannuation
system is completely corrupt.

898
00:31:49,724 --> 00:31:50,444
Anja: It really is.

899
00:31:50,534 --> 00:31:54,434
Matthew: They do not care
about your retirement savings.

900
00:31:54,464 --> 00:31:54,614
Anja: Yeah.

901
00:31:55,694 --> 00:31:59,474
Matthew: Case in point is when you
try and get your funds out legally,

902
00:31:59,834 --> 00:32:01,904
right, they put in so many roadblocks.

903
00:32:01,904 --> 00:32:04,664
The first thing is you send
through your rollover form.

904
00:32:06,144 --> 00:32:08,394
What Rollover Forward doesn't
seem to have come through.

905
00:32:08,394 --> 00:32:09,144
We've missing that.

906
00:32:09,144 --> 00:32:10,014
Then you send it again.

907
00:32:10,014 --> 00:32:12,864
Oh, you didn't dot the dot the
I and didn't cross the T and

908
00:32:12,864 --> 00:32:14,304
then I've been through this.

909
00:32:14,514 --> 00:32:16,194
It's a freaking nightmare.

910
00:32:16,674 --> 00:32:19,044
Now what people need to do,
like for example, I have an

911
00:32:19,044 --> 00:32:20,604
SMSF team that I work with.

912
00:32:20,844 --> 00:32:25,794
This is all they do all day, every
day, SM SFS people, they will also step

913
00:32:25,794 --> 00:32:31,344
in and contact these superannuation
companies and read in the Right Act

914
00:32:31,344 --> 00:32:32,994
because they, my team knows the law.

915
00:32:33,234 --> 00:32:33,474
Anja: Yeah.

916
00:32:33,654 --> 00:32:33,984
Matthew: Okay.

917
00:32:34,314 --> 00:32:35,544
It's, it's really disgraceful.

918
00:32:35,754 --> 00:32:38,934
They do it intentionally
so that you give up.

919
00:32:39,639 --> 00:32:40,869
You've gotta be on the phone.

920
00:32:41,139 --> 00:32:41,529
Right.

921
00:32:41,529 --> 00:32:44,169
I've, when I was going through
years ago, I had to put in

922
00:32:44,169 --> 00:32:46,119
complaints or, or like the line.

923
00:32:46,209 --> 00:32:46,359
Yeah.

924
00:32:46,449 --> 00:32:48,789
You know, I was like, I
wanna speak to the CEOI

925
00:32:48,789 --> 00:32:50,739
Anja: was calling them every single day.

926
00:32:50,829 --> 00:32:51,039
Matthew: Yeah.

927
00:32:51,129 --> 00:32:54,489
Anja: Half an hour look every
single day to Australian Super.

928
00:32:54,729 --> 00:32:58,539
And I would get it escalated to the,
I think, customer relationship team.

929
00:32:58,539 --> 00:33:00,699
And, you know, they kept
promising it's gonna come

930
00:33:00,699 --> 00:33:02,169
tomorrow and it was just delayed.

931
00:33:02,169 --> 00:33:05,349
And then I put in a complaint with afca
and that's when they sort of started

932
00:33:06,219 --> 00:33:08,439
moving things a little bit further.

933
00:33:08,439 --> 00:33:12,279
But the first, they basically
self assessed themselves and

934
00:33:12,279 --> 00:33:13,779
not having done anything wrong.

935
00:33:14,079 --> 00:33:16,209
Um, even though they, of
course, yeah, yeah, yeah.

936
00:33:16,209 --> 00:33:17,499
Even though the case was

937
00:33:17,499 --> 00:33:20,379
Matthew: like, we looked at ourselves
and we everything was a green tick.

938
00:33:20,499 --> 00:33:21,819
Anja: Yeah, yeah, exactly.

939
00:33:21,819 --> 00:33:24,849
And it was like, they said 10 business
days and it was past that point.

940
00:33:24,879 --> 00:33:27,039
But anyway, like I just
couldn't be bothered with it.

941
00:33:27,039 --> 00:33:30,159
By, by then, um, I was
glad to move my money out.

942
00:33:30,159 --> 00:33:33,969
And then the second hurdle was
trying to get my money out of.

943
00:33:34,389 --> 00:33:36,609
A NZ into the exchange.

944
00:33:36,819 --> 00:33:41,739
Again, daily, half an hour phone calls
with the bank to move my own money.

945
00:33:41,739 --> 00:33:42,249
So,

946
00:33:42,309 --> 00:33:42,639
Matthew: okay.

947
00:33:42,999 --> 00:33:44,319
Let's talk about that for a second.

948
00:33:44,319 --> 00:33:44,379
Yeah.

949
00:33:44,379 --> 00:33:46,899
Just for people listening like, oh
my God, this is gonna be a nightmare.

950
00:33:47,499 --> 00:33:51,189
If you use an SMSF team like mine,
they'll make the process simple.

951
00:33:51,849 --> 00:33:57,249
However, let's say that people want
to, do, people try and skip on on fees.

952
00:33:57,909 --> 00:34:00,519
Um, I'm gonna set up my SMSF myself.

953
00:34:00,939 --> 00:34:01,869
Do not do that.

954
00:34:02,109 --> 00:34:03,219
You'll stuff it up.

955
00:34:03,339 --> 00:34:03,579
Okay.

956
00:34:03,579 --> 00:34:05,079
And the penalties are quite large.

957
00:34:05,169 --> 00:34:05,259
Yeah.

958
00:34:05,469 --> 00:34:07,869
If you don't do the
right things by the a TO.

959
00:34:07,959 --> 00:34:08,259
Okay.

960
00:34:08,259 --> 00:34:09,729
So you wanna do everything Correct.

961
00:34:10,269 --> 00:34:12,819
And what, what People are gonna
find those, once they've done

962
00:34:12,819 --> 00:34:14,979
the rollover that, and people
sort of don't really get it.

963
00:34:15,369 --> 00:34:18,009
The money's gonna go from
your superannuation account

964
00:34:18,099 --> 00:34:19,479
into a bank account.

965
00:34:19,479 --> 00:34:19,539
Yeah.

966
00:34:19,689 --> 00:34:22,929
And it's labeled SMSF Anya's account.

967
00:34:24,249 --> 00:34:27,309
From there, they'll have the control
as to how I'm gonna put some into.

968
00:34:27,699 --> 00:34:32,409
Bitcoin now into a exchange to buy Bitcoin
or I'm gonna buy some shares or whatever.

969
00:34:32,409 --> 00:34:32,649
Right.

970
00:34:33,159 --> 00:34:34,719
They could just leave it sitting
in the bank if they wanted to.

971
00:34:34,869 --> 00:34:35,049
Anja: Mm-hmm.

972
00:34:35,829 --> 00:34:39,999
Matthew: If they're moving it
into a crypto exchange, nine times

973
00:34:39,999 --> 00:34:41,679
outta 10, there's gonna be a block.

974
00:34:42,249 --> 00:34:42,579
Okay.

975
00:34:42,609 --> 00:34:43,569
So expect it.

976
00:34:43,689 --> 00:34:43,899
Anja: Mm-hmm.

977
00:34:44,169 --> 00:34:46,899
Matthew: Expect that you're gonna have
to be on the phone for up to an hour

978
00:34:47,169 --> 00:34:49,209
being grilled as to what you are doing.

979
00:34:49,479 --> 00:34:53,829
Just note, moving your money
to an exchange is not illegal.

980
00:34:54,549 --> 00:34:54,909
Okay.

981
00:34:55,359 --> 00:34:56,799
It's completely legal.

982
00:34:57,309 --> 00:35:03,699
The banks don't have any Right to stop the
transaction and be honest with the bank.

983
00:35:03,879 --> 00:35:05,259
Don't make up anything.

984
00:35:05,259 --> 00:35:05,319
Yeah.

985
00:35:05,379 --> 00:35:07,809
Because that's where
you're gonna get stuck.

986
00:35:08,439 --> 00:35:10,749
So one, you're not doing anything illegal.

987
00:35:11,049 --> 00:35:14,799
Tell them, yes, I'm moving this
to X, Y, Z crypto exchange.

988
00:35:15,459 --> 00:35:16,779
I'm gonna be buying Bitcoin.

989
00:35:17,709 --> 00:35:18,009
Cool.

990
00:35:18,609 --> 00:35:20,139
Yeah, it's so legal.

991
00:35:20,139 --> 00:35:23,589
The a TO even designates it as an
asset that it's gonna be taxed.

992
00:35:23,679 --> 00:35:23,799
Mm-hmm.

993
00:35:23,979 --> 00:35:24,309
Okay.

994
00:35:24,609 --> 00:35:25,569
That's how legal it is.

995
00:35:26,229 --> 00:35:30,729
A and P Super also bought
$27 million side note.

996
00:35:30,939 --> 00:35:31,179
Anja: Yep.

997
00:35:31,329 --> 00:35:33,279
Matthew: In, uh, December 24 or something.

998
00:35:33,309 --> 00:35:33,579
Right.

999
00:35:33,639 --> 00:35:34,329
They allocated

1000
00:35:34,329 --> 00:35:36,189
Anja: 50 million into Bitcoin futures.

1001
00:35:36,579 --> 00:35:36,849
Matthew: Yeah.

1002
00:35:36,909 --> 00:35:37,119
Anja: Yep.

1003
00:35:37,239 --> 00:35:37,599
Matthew: There you go.

1004
00:35:37,599 --> 00:35:37,899
Right.

1005
00:35:37,899 --> 00:35:40,599
So if it's good enough for a and p,
it's good enough for everybody else.

1006
00:35:41,169 --> 00:35:43,269
So just be aware that
they have to do that.

1007
00:35:43,359 --> 00:35:47,529
Um, and once you've gone through
probably two maybe blocks mm-hmm.

1008
00:35:48,504 --> 00:35:49,914
It's probably gonna be smooth sailing.

1009
00:35:50,484 --> 00:35:52,644
Speaker 2: Not your keys, not your coins.

1010
00:35:53,184 --> 00:35:57,264
If you're holding Bitcoin, your self
custody setup needs to be done right.

1011
00:35:58,014 --> 00:36:02,514
Mine racks delivers paranoia grade
security so that you can sleep at night

1012
00:36:02,514 --> 00:36:04,554
knowing that your money is protected.

1013
00:36:05,424 --> 00:36:08,304
Take control and secure
your money the honest way.

1014
00:36:08,694 --> 00:36:12,084
Head to mine racks.com/honest Money.

1015
00:36:12,949 --> 00:36:13,099
Anja: Yep.

1016
00:36:13,399 --> 00:36:17,779
Matthew: I don't wanna trash a NZ as
much as I'm not a fan of banks, however.

1017
00:36:17,869 --> 00:36:18,079
Anja: Yep.

1018
00:36:18,229 --> 00:36:19,369
Matthew: They've been
actually pretty good to me.

1019
00:36:19,369 --> 00:36:20,659
I went through two blockages.

1020
00:36:20,809 --> 00:36:20,989
Anja: Yep.

1021
00:36:21,079 --> 00:36:23,119
Matthew: After that, I've
been able to move six figures

1022
00:36:23,119 --> 00:36:24,769
at a time into an exchange.

1023
00:36:24,829 --> 00:36:26,839
No problems instantly.

1024
00:36:26,869 --> 00:36:27,199
Anja: Yeah.

1025
00:36:27,349 --> 00:36:27,679
Matthew: Okay.

1026
00:36:27,859 --> 00:36:30,019
Anja: Some banks are worse than others.

1027
00:36:30,049 --> 00:36:37,969
Um, H-H-S-B-C, they do not allow transfers
to, to crypto Bitcoin exchanges at all.

1028
00:36:38,329 --> 00:36:41,119
Uh, the Commonwealth Bank has a 10,000 a

1029
00:36:41,119 --> 00:36:41,479
Matthew: month

1030
00:36:41,539 --> 00:36:42,349
Anja: limit a month.

1031
00:36:42,349 --> 00:36:42,439
Mm-hmm.

1032
00:36:42,679 --> 00:36:46,189
Which is so frustrating because, you
know, I, I, I know people like that

1033
00:36:46,189 --> 00:36:49,759
Boomer that I mentioned earlier on,
um, he's, you know, he's probably

1034
00:36:49,759 --> 00:36:55,549
been a, a customer of Commonwealth
Bank for 30 years and good standing.

1035
00:36:55,789 --> 00:36:56,569
Never, you know,

1036
00:36:56,574 --> 00:36:57,319
Matthew: it, it doesn't matter.

1037
00:36:57,319 --> 00:36:57,379
Yeah.

1038
00:36:57,439 --> 00:36:58,489
People make this mistake.

1039
00:36:58,549 --> 00:36:58,729
Anja: Yep.

1040
00:36:59,059 --> 00:37:01,759
Matthew: I've been with, with
Westpac for, for 25 years.

1041
00:37:01,759 --> 00:37:02,539
They know me there.

1042
00:37:02,539 --> 00:37:02,629
Yeah.

1043
00:37:02,839 --> 00:37:04,579
They don't give a shit Okay.

1044
00:37:04,579 --> 00:37:06,649
About you and where you
are sending the money.

1045
00:37:06,769 --> 00:37:06,979
Okay.

1046
00:37:07,009 --> 00:37:08,029
People always made that mistake.

1047
00:37:08,419 --> 00:37:08,779
Um.

1048
00:37:09,199 --> 00:37:12,769
What I also suggest to some people
is if you have all your banking with

1049
00:37:12,769 --> 00:37:16,549
CommBank, for example, it would be wise
to open up an account, for example,

1050
00:37:16,549 --> 00:37:20,629
with a NZ for your crypto transactions
so that you don't get flagged

1051
00:37:20,629 --> 00:37:22,729
anything in your everyday banking.

1052
00:37:22,789 --> 00:37:26,629
So it's easy to set up one other
account outside your existing

1053
00:37:26,629 --> 00:37:29,659
framework, and if that account gets
blocked, I'm like, okay, no problem.

1054
00:37:30,229 --> 00:37:35,569
I've had a, um, someone I know
was with, uh, Westpac, they

1055
00:37:35,569 --> 00:37:37,534
shut down every account mm-hmm.

1056
00:37:37,609 --> 00:37:39,529
For a week, every account.

1057
00:37:39,649 --> 00:37:39,859
Mm-hmm.

1058
00:37:40,009 --> 00:37:43,999
She had to go into the branch begging
to get them to open it up again.

1059
00:37:44,659 --> 00:37:45,259
It was a joke.

1060
00:37:45,469 --> 00:37:45,649
Anja: Yeah.

1061
00:37:45,709 --> 00:37:45,979
Matthew: Right.

1062
00:37:45,979 --> 00:37:47,689
So I would not go to Westpac for that.

1063
00:37:47,689 --> 00:37:49,279
So they probably don't,
don't wanna do it anyway.

1064
00:37:49,579 --> 00:37:49,879
Anja: Yeah.

1065
00:37:50,134 --> 00:37:54,529
I I, I generally try to avoid the big
four and even Macquarie has gone full

1066
00:37:54,529 --> 00:37:56,689
draconian rate, uh, lately as well.

1067
00:37:56,719 --> 00:37:58,219
Like you used, they used to be good, but,

1068
00:37:58,489 --> 00:37:59,599
Matthew: and yeah, no, you're right.

1069
00:37:59,599 --> 00:38:01,609
I used to have my SMSF with Macquarie.

1070
00:38:01,669 --> 00:38:01,759
Yeah.

1071
00:38:01,764 --> 00:38:03,589
And, and it was fine until it wasn't fine.

1072
00:38:03,619 --> 00:38:03,799
Anja: Yeah.

1073
00:38:03,949 --> 00:38:05,359
Matthew: So you're gonna have
to have all these things.

1074
00:38:05,359 --> 00:38:07,579
This is why I say to people, the.

1075
00:38:07,984 --> 00:38:09,454
The window is closing.

1076
00:38:09,514 --> 00:38:09,664
Anja: Mm.

1077
00:38:09,754 --> 00:38:09,994
Matthew: Okay.

1078
00:38:09,994 --> 00:38:13,924
So if you are sitting on the sidelines
right now, one day I am gonna do it.

1079
00:38:14,104 --> 00:38:16,864
I'm gonna set up my SMSF,
I'm gonna buy some Bitcoin.

1080
00:38:17,284 --> 00:38:18,124
Six months from now.

1081
00:38:18,124 --> 00:38:18,754
It could be over.

1082
00:38:18,754 --> 00:38:18,844
Yeah.

1083
00:38:19,024 --> 00:38:22,534
Like the, the rails could be just
closed down or it's much more difficult.

1084
00:38:22,744 --> 00:38:26,044
Anja: It is because the Australian
Taxation Office has also recently come

1085
00:38:26,044 --> 00:38:31,894
out that it takes them up to like 56
days or something to do the, like, to

1086
00:38:31,894 --> 00:38:34,444
review the application for their SMSF.

1087
00:38:34,804 --> 00:38:37,084
So what used to take maybe a few weeks?

1088
00:38:37,084 --> 00:38:37,654
Not Oh, really?

1089
00:38:37,654 --> 00:38:38,044
Okay.

1090
00:38:38,104 --> 00:38:38,374
Matthew: No.

1091
00:38:38,379 --> 00:38:40,444
Anja: If, I think if you
do it yourself, maybe

1092
00:38:40,624 --> 00:38:41,584
Matthew: it might, that might be the case.

1093
00:38:41,854 --> 00:38:44,224
That's why I always say
don't do it yourself.

1094
00:38:44,284 --> 00:38:44,404
Yeah.

1095
00:38:44,554 --> 00:38:47,014
Use a professional SMSF team.

1096
00:38:47,014 --> 00:38:47,074
Yeah.

1097
00:38:47,284 --> 00:38:49,684
So my team, for example, can
get it done within five days.

1098
00:38:49,714 --> 00:38:50,104
Anja: Nice.

1099
00:38:50,254 --> 00:38:50,944
Matthew: The whole thing.

1100
00:38:50,974 --> 00:38:52,984
A BN trust deed all done.

1101
00:38:53,104 --> 00:38:53,164
Yeah.

1102
00:38:53,194 --> 00:38:55,624
Ready to allocate to Bitcoin and
whatever other asset you want.

1103
00:38:56,164 --> 00:38:59,344
Um, so yeah, don't, don't
skip on those types of things.

1104
00:38:59,349 --> 00:38:59,419
Anja: Mm-hmm.

1105
00:38:59,959 --> 00:39:01,019
Matthew: Um, Anya.

1106
00:39:02,674 --> 00:39:07,984
Anja: I wanted to ask you on the
SMSF, do you have like an opinion or

1107
00:39:07,984 --> 00:39:10,894
a recommendation or maybe, I guess
it depends on the individual, but

1108
00:39:10,894 --> 00:39:14,944
whether to do an individual trustee
or a corporate trustee when doing

1109
00:39:14,944 --> 00:39:16,024
Matthew: SI don't have an opinion on that.

1110
00:39:16,024 --> 00:39:18,034
It's really, it's on a case by case.

1111
00:39:18,064 --> 00:39:18,244
Anja: Yeah.

1112
00:39:18,424 --> 00:39:21,214
Matthew: Um, it's not, it's kinda
like a secondary thing though.

1113
00:39:21,424 --> 00:39:21,814
Right.

1114
00:39:21,814 --> 00:39:25,924
The fun thing that people
need to do is, in my humble

1115
00:39:25,924 --> 00:39:28,114
opinion, is allocate to Bitcoin.

1116
00:39:28,174 --> 00:39:28,234
Yeah.

1117
00:39:28,234 --> 00:39:32,194
Most people I speak to though, who
come to me to get a, the SMSF set up,

1118
00:39:32,704 --> 00:39:34,324
I'm not talking to 'em about Bitcoin.

1119
00:39:34,384 --> 00:39:37,954
They're just like, Hey, look, we've got
Bitcoin or we know we need to get Bitcoin.

1120
00:39:38,014 --> 00:39:38,194
Anja: Yeah.

1121
00:39:38,524 --> 00:39:40,114
Matthew: Just get us
set up with this SMSF.

1122
00:39:40,504 --> 00:39:43,684
I'm not convincing 'em about
the, the fortitude of Bitcoin.

1123
00:39:43,834 --> 00:39:44,014
Anja: Yeah.

1124
00:39:44,044 --> 00:39:44,254
Matthew: Right.

1125
00:39:45,094 --> 00:39:49,714
What people have also realized though,
is that they don't have enough money

1126
00:39:50,134 --> 00:39:51,904
when it comes to their retirement.

1127
00:39:51,904 --> 00:39:54,994
So most people I speak to forties,
fifties, and sometimes in their

1128
00:39:54,994 --> 00:40:00,754
sixties, so as an example, Anya,
the association of superannuation.

1129
00:40:01,144 --> 00:40:07,144
Funds Australia, they have a webpage
that says, this is how much money

1130
00:40:07,144 --> 00:40:08,644
you are going to need in retirement.

1131
00:40:08,734 --> 00:40:08,824
Mm-hmm.

1132
00:40:09,124 --> 00:40:10,144
So here's some facts for you

1133
00:40:10,324 --> 00:40:11,104
Anja: that triggers me.

1134
00:40:11,859 --> 00:40:12,399
Go, go on,

1135
00:40:12,419 --> 00:40:14,434
Matthew: go through it,
because I have an opinion.

1136
00:40:14,434 --> 00:40:14,719
It's, it's disappointing.

1137
00:40:16,179 --> 00:40:18,484
If you are 40, let's say you're, yeah.

1138
00:40:18,514 --> 00:40:19,084
40-year-old.

1139
00:40:19,204 --> 00:40:19,384
Anja: Yeah.

1140
00:40:19,774 --> 00:40:25,744
Matthew: Today you need $168,000 in
your super fund to give you what they

1141
00:40:25,744 --> 00:40:29,284
consider a comfortable, not amazing.

1142
00:40:29,854 --> 00:40:29,914
Anja: Yeah.

1143
00:40:30,004 --> 00:40:30,334
Matthew: Right.

1144
00:40:30,874 --> 00:40:31,534
Comfortable.

1145
00:40:31,594 --> 00:40:32,404
There's three layers.

1146
00:40:32,404 --> 00:40:35,734
There's like basically poor,
modest, and comfortable, um,

1147
00:40:35,794 --> 00:40:36,784
by the time you get to 60.

1148
00:40:37,234 --> 00:40:37,534
Okay.

1149
00:40:38,074 --> 00:40:40,684
And you would have to have by
ultimately there in the sort of

1150
00:40:40,684 --> 00:40:44,644
1.1 $1.3 million mark in 20 years.

1151
00:40:45,094 --> 00:40:45,424
Okay.

1152
00:40:45,424 --> 00:40:46,774
Which is gonna be like nothing.

1153
00:40:47,044 --> 00:40:50,254
In fact, it's gonna be the
equivalent today of retiring

1154
00:40:50,254 --> 00:40:54,334
with about 730 K as a couple.

1155
00:40:55,009 --> 00:40:57,469
600 k roughly as a single person.

1156
00:40:57,679 --> 00:40:57,799
Anja: Yeah.

1157
00:40:57,979 --> 00:41:00,379
Matthew: So people listening to
this just think, hey, if I was 60

1158
00:41:00,379 --> 00:41:06,229
today and I just stopped working,
would $730,000 with my partner?

1159
00:41:06,589 --> 00:41:09,169
And let's say you paid off, you'd
had you had you owned your house.

1160
00:41:10,009 --> 00:41:10,789
Would that be enough?

1161
00:41:10,819 --> 00:41:11,029
Anja: No.

1162
00:41:11,119 --> 00:41:13,519
Matthew: To last you, you're
also living longer now.

1163
00:41:13,639 --> 00:41:13,699
Anja: Yeah.

1164
00:41:13,999 --> 00:41:15,739
Matthew: You could live until you're 95.

1165
00:41:15,739 --> 00:41:18,739
That's 35 years extra of living.

1166
00:41:18,739 --> 00:41:21,109
And you think you're gonna
just live on six, 700 grand.

1167
00:41:21,109 --> 00:41:23,839
Anja: It's, it's criminal
that, that's even recommended.

1168
00:41:23,839 --> 00:41:23,929
Like

1169
00:41:24,229 --> 00:41:25,249
Matthew: it's not recommended.

1170
00:41:25,249 --> 00:41:26,539
Well they,

1171
00:41:26,539 --> 00:41:27,494
Anja: the guidelines kind of thing.

1172
00:41:27,494 --> 00:41:30,139
Matthew: It's the guidelines, but
they say like, it's basically like

1173
00:41:30,139 --> 00:41:32,749
this onya, that's enough for you.

1174
00:41:32,839 --> 00:41:33,079
Anja: Mm-hmm.

1175
00:41:33,559 --> 00:41:35,569
Matthew: It's that kind of treatment.

1176
00:41:35,659 --> 00:41:35,809
Yeah.

1177
00:41:35,809 --> 00:41:36,379
Like that.

1178
00:41:36,379 --> 00:41:37,429
You don't need any more than that.

1179
00:41:37,429 --> 00:41:38,779
'cause you live a comfortable lifestyle.

1180
00:41:38,779 --> 00:41:38,789
Yeah.

1181
00:41:38,789 --> 00:41:38,874
Turn off

1182
00:41:38,874 --> 00:41:39,194
Anja: you're heating.

1183
00:41:39,464 --> 00:41:39,754
Matthew: Yeah.

1184
00:41:39,759 --> 00:41:39,859
Yeah.

1185
00:41:40,309 --> 00:41:41,059
Like keep it low.

1186
00:41:41,059 --> 00:41:41,299
Right.

1187
00:41:41,299 --> 00:41:42,589
Anja: Don't meet, eat meat every day.

1188
00:41:42,769 --> 00:41:43,489
Matthew: Yeah.

1189
00:41:43,489 --> 00:41:43,499
Yeah.

1190
00:41:43,729 --> 00:41:46,729
So it's fif it's 1500 bucks a week
that you would have to live on.

1191
00:41:47,389 --> 00:41:50,869
Um, now what's interesting is I always
ask people, I do these webinars,

1192
00:41:51,259 --> 00:41:52,579
I train people about this stuff.

1193
00:41:53,404 --> 00:41:56,944
And I always ask them, how
many today, sitting here today,

1194
00:41:56,944 --> 00:41:57,994
you're thinking about retirement.

1195
00:41:58,234 --> 00:42:02,134
How many overseas holidays do you
envisage that you would want to have?

1196
00:42:02,194 --> 00:42:02,374
Anja: Mm.

1197
00:42:02,734 --> 00:42:03,154
Matthew: Okay.

1198
00:42:03,784 --> 00:42:05,554
'cause most people want a
holiday when they retire.

1199
00:42:05,644 --> 00:42:06,364
Anja: At least one a year.

1200
00:42:06,364 --> 00:42:06,724
Yeah.

1201
00:42:07,114 --> 00:42:08,194
Matthew: One a year comes up.

1202
00:42:08,194 --> 00:42:08,284
Yep.

1203
00:42:08,284 --> 00:42:09,664
Some people say four a year.

1204
00:42:09,874 --> 00:42:10,114
Anja: Yep.

1205
00:42:10,354 --> 00:42:11,134
Everyone's different.

1206
00:42:11,134 --> 00:42:11,374
Right.

1207
00:42:11,374 --> 00:42:11,794
So, yep.

1208
00:42:12,394 --> 00:42:15,694
Matthew: The association says,
based on your comfortable

1209
00:42:15,694 --> 00:42:20,614
retirement, you will, you'll be
able to afford one overseas holiday

1210
00:42:20,674 --> 00:42:21,154
Anja: to barley

1211
00:42:21,544 --> 00:42:22,864
Matthew: every seven years.

1212
00:42:23,974 --> 00:42:24,274
Anja: Yep.

1213
00:42:24,574 --> 00:42:25,774
Matthew: Every seven years, aren't you?

1214
00:42:25,834 --> 00:42:27,124
Anja: That's, that's, yeah.

1215
00:42:27,214 --> 00:42:31,204
Matthew: That's what you'll get and you
will be able to afford some utilities.

1216
00:42:31,209 --> 00:42:31,329
Anja: Mm-hmm.

1217
00:42:31,954 --> 00:42:33,634
Matthew: You might get some
private health insurance.

1218
00:42:33,664 --> 00:42:33,844
Anja: Yeah.

1219
00:42:34,054 --> 00:42:38,374
Matthew: If you are in the minimal to
no soup and I mean minimal under maybe

1220
00:42:38,374 --> 00:42:43,594
under a hundred thousand to no super,
you are gonna be on the old age pension.

1221
00:42:44,674 --> 00:42:45,514
That is the fact.

1222
00:42:45,664 --> 00:42:45,874
Anja: Yeah.

1223
00:42:46,204 --> 00:42:50,074
Matthew: You'll be on $888 a week.

1224
00:42:51,004 --> 00:42:51,154
Right.

1225
00:42:52,009 --> 00:42:54,619
As a couple, no.

1226
00:42:54,619 --> 00:42:59,989
Overseas holidays, they actually document
this down occasional trip to the cinema.

1227
00:43:00,739 --> 00:43:01,339
Anja: Oh, wow.

1228
00:43:01,399 --> 00:43:01,489
Matthew: Yeah.

1229
00:43:01,489 --> 00:43:02,599
Occasional, occasional.

1230
00:43:02,629 --> 00:43:03,769
Not, not weekly.

1231
00:43:03,979 --> 00:43:04,099
Anja: Yeah.

1232
00:43:04,879 --> 00:43:05,479
Matthew: No.

1233
00:43:05,869 --> 00:43:06,679
Uh, basically no.

1234
00:43:06,679 --> 00:43:11,989
He, you have to do self haircuts, no
health insurance, and you will not be able

1235
00:43:11,989 --> 00:43:14,749
to afford, uh, he heating and cooling.

1236
00:43:14,959 --> 00:43:15,199
Anja: Yeah.

1237
00:43:15,889 --> 00:43:16,789
Matthew: That is the life.

1238
00:43:16,789 --> 00:43:20,269
And now when I say this to people,
it's like a, it's like a, like

1239
00:43:20,269 --> 00:43:21,499
a really hits 'em in the face.

1240
00:43:22,099 --> 00:43:22,999
That's the reality.

1241
00:43:22,999 --> 00:43:28,279
And I tell this to people though, so
they wake up and do something about it.

1242
00:43:28,699 --> 00:43:28,999
Okay.

1243
00:43:28,999 --> 00:43:30,619
Rather than just coasting on in life.

1244
00:43:30,649 --> 00:43:31,459
'cause that's what most people do.

1245
00:43:32,299 --> 00:43:35,209
And they wake up at 16 and they
go, oh shit, we didn't have enough.

1246
00:43:35,209 --> 00:43:35,659
Super.

1247
00:43:36,799 --> 00:43:37,639
How did that happen?

1248
00:43:37,644 --> 00:43:37,914
Anja: Yeah.

1249
00:43:38,119 --> 00:43:38,389
Matthew: Yeah.

1250
00:43:38,539 --> 00:43:40,969
So it's a sad story.

1251
00:43:41,029 --> 00:43:44,389
Now if they're sitting in, let,
let's do some other numbers though.

1252
00:43:44,509 --> 00:43:44,749
Anja: Yep.

1253
00:43:44,929 --> 00:43:45,799
Matthew: Let's just say.

1254
00:43:46,324 --> 00:43:47,584
Let's use, I use Jack.

1255
00:43:47,884 --> 00:43:48,274
Okay.

1256
00:43:48,304 --> 00:43:49,294
He's a single guy.

1257
00:43:49,564 --> 00:43:51,574
He's a single couple, doesn't matter.

1258
00:43:51,634 --> 00:43:53,104
But he's retired at 60.

1259
00:43:53,374 --> 00:43:53,734
Okay.

1260
00:43:53,854 --> 00:43:58,834
He's got $2 million in
his SMSF with Bitcoin.

1261
00:43:58,834 --> 00:43:59,194
Anja: Mm.

1262
00:44:00,064 --> 00:44:04,534
Matthew: He can now pull out, he can
actually rotate that from his accumulation

1263
00:44:04,534 --> 00:44:07,444
bucket to a pension phase bucket.

1264
00:44:07,449 --> 00:44:07,659
Mm-hmm.

1265
00:44:07,739 --> 00:44:09,934
And he can pull the full $2
million out if he wanted to.

1266
00:44:09,964 --> 00:44:11,374
He is still in Bitcoin.

1267
00:44:12,394 --> 00:44:13,744
That's a tax free event.

1268
00:44:14,524 --> 00:44:14,884
Okay.

1269
00:44:15,274 --> 00:44:19,684
He could sell off two,
uh, $200,000 of Bitcoin.

1270
00:44:19,804 --> 00:44:20,974
Let's just say he's not gonna hold it.

1271
00:44:20,974 --> 00:44:21,484
He's gonna sell it.

1272
00:44:22,384 --> 00:44:26,614
And he could use that $200,000
in that whole year to live off.

1273
00:44:26,944 --> 00:44:29,614
It's about 16, $17,000 a month.

1274
00:44:29,824 --> 00:44:30,064
Anja: Yep.

1275
00:44:30,424 --> 00:44:31,204
Matthew: Tax free.

1276
00:44:31,384 --> 00:44:33,424
The sale is tax, uh, tax free.

1277
00:44:33,964 --> 00:44:36,184
No capital gains tax in the pension phase.

1278
00:44:36,364 --> 00:44:36,634
Okay.

1279
00:44:37,414 --> 00:44:41,014
He could do that every single year.

1280
00:44:41,044 --> 00:44:42,244
Selling off 200.

1281
00:44:42,244 --> 00:44:43,264
Selling off 200.

1282
00:44:43,264 --> 00:44:44,374
Selling off 200.

1283
00:44:44,584 --> 00:44:44,974
Yeah.

1284
00:44:45,979 --> 00:44:55,399
For it was like ever, and in fact,
in 30 years time, it might even be 20

1285
00:44:55,399 --> 00:45:02,329
years time, he would have over $200
million of value of Bitcoin because he

1286
00:45:02,329 --> 00:45:04,399
might sell off 200 of his 2 million.

1287
00:45:05,449 --> 00:45:07,489
But the other 1.8 million
is still compounding.

1288
00:45:08,179 --> 00:45:11,719
And and that's just
based on a CAGR of 30%?

1289
00:45:11,724 --> 00:45:11,864
Yeah.

1290
00:45:11,869 --> 00:45:13,849
Not, not 60%.

1291
00:45:13,909 --> 00:45:14,869
Not a hundred percent.

1292
00:45:14,929 --> 00:45:17,059
Just a very modest 30% cagr.

1293
00:45:17,059 --> 00:45:17,239
Yeah.

1294
00:45:17,629 --> 00:45:17,959
Right.

1295
00:45:18,439 --> 00:45:22,549
If he, if you switch that on and put
that $2 million into your standard

1296
00:45:22,549 --> 00:45:25,579
super fund, look, $2 million at
retirement today would be good.

1297
00:45:25,879 --> 00:45:26,959
Yeah, he would.

1298
00:45:27,139 --> 00:45:30,229
And he pulled out 200 though every
single year he would run out.

1299
00:45:30,709 --> 00:45:32,749
Within, under 20 years he'd have zero.

1300
00:45:33,949 --> 00:45:34,399
You see?

1301
00:45:34,969 --> 00:45:37,009
So the other way he
actually builds well still.

1302
00:45:37,189 --> 00:45:37,399
Anja: Yeah.

1303
00:45:37,549 --> 00:45:39,619
Matthew: And so the other
thing that people often say

1304
00:45:39,619 --> 00:45:40,569
to me is we want to create.

1305
00:45:41,314 --> 00:45:45,094
Legacy or we wanna leave a legacy for
our children and our grandchildren.

1306
00:45:45,244 --> 00:45:45,394
Anja: Yep.

1307
00:45:45,484 --> 00:45:47,284
Matthew: Under that scenario, it's zero.

1308
00:45:48,154 --> 00:45:51,994
The superannuation scenario, under the
allocating to Bitcoin scenario, there

1309
00:45:51,994 --> 00:45:57,964
was gonna be 200 million plus when he
basically passes away, thereabouts,

1310
00:45:58,024 --> 00:45:59,254
leaving something to his children.

1311
00:45:59,584 --> 00:46:01,984
Now, if you don't wanna leave to
your children, fine, leave it to

1312
00:46:01,984 --> 00:46:03,274
the dog pound or something, right?

1313
00:46:03,394 --> 00:46:03,514
Mm-hmm.

1314
00:46:03,814 --> 00:46:08,344
Create a, a dog shelter,
leave it in your name forever.

1315
00:46:08,494 --> 00:46:09,454
In perpetuity.

1316
00:46:09,634 --> 00:46:09,814
Anja: Yeah.

1317
00:46:09,844 --> 00:46:10,144
Matthew: Right.

1318
00:46:10,564 --> 00:46:16,894
And so this is the power of, of
Bitcoin and also in retirement.

1319
00:46:17,044 --> 00:46:17,284
Anja: Mm-hmm.

1320
00:46:17,464 --> 00:46:17,614
Matthew: Yeah.

1321
00:46:19,864 --> 00:46:20,374
Anja: A lot.

1322
00:46:20,374 --> 00:46:24,724
You just go, um, but let's talk
about tax a little bit because

1323
00:46:24,724 --> 00:46:29,284
that's another, another slippery
slope to go down, do you think?

1324
00:46:29,289 --> 00:46:30,199
Um, obviously.

1325
00:46:31,189 --> 00:46:31,279
Matthew: The

1326
00:46:31,279 --> 00:46:31,699
Anja: taxes

1327
00:46:31,699 --> 00:46:32,689
Matthew: in Australia criminal.

1328
00:46:32,689 --> 00:46:33,169
Start with

1329
00:46:33,169 --> 00:46:33,289
Anja: that.

1330
00:46:33,294 --> 00:46:33,534
Yeah.

1331
00:46:33,554 --> 00:46:33,774
Yes.

1332
00:46:33,779 --> 00:46:36,109
Yeah, that's, that's
exactly where I was going.

1333
00:46:36,169 --> 00:46:39,859
Like, we are one of the highest
tax nations in the world, and a

1334
00:46:39,859 --> 00:46:44,029
lot of Australians believe that we
actually need to get taxed even more.

1335
00:46:44,269 --> 00:46:46,729
Um, but yeah.

1336
00:46:46,729 --> 00:46:46,739
Yeah.

1337
00:46:46,939 --> 00:46:50,779
Uh, it, it's really unfortunate because
obviously we know the government

1338
00:46:50,779 --> 00:46:54,979
is not spending money responsibly,
they're not incentivized to do so,

1339
00:46:55,399 --> 00:47:00,349
and they're continuously looking
at new ways and innovative ways

1340
00:47:00,679 --> 00:47:04,729
to tax the population more while
conveniently ignoring the gas industry.

1341
00:47:04,774 --> 00:47:04,934
But

1342
00:47:05,194 --> 00:47:05,414
Matthew: yes.

1343
00:47:05,924 --> 00:47:06,214
Yeah.

1344
00:47:06,739 --> 00:47:08,294
Anja: That little chestnut,
so, you know, well,

1345
00:47:08,299 --> 00:47:09,139
Matthew: it's not even that Anya.

1346
00:47:09,139 --> 00:47:09,199
Yeah.

1347
00:47:09,199 --> 00:47:13,729
It's not even just the gas industry and
the, let's call it the mining industry.

1348
00:47:13,789 --> 00:47:13,909
Yeah.

1349
00:47:13,939 --> 00:47:14,209
Right.

1350
00:47:14,209 --> 00:47:16,849
We, we are a, a resource rich nation.

1351
00:47:16,939 --> 00:47:17,179
Anja: Yeah.

1352
00:47:17,359 --> 00:47:18,139
Matthew: Um, I would

1353
00:47:18,139 --> 00:47:18,619
Anja: That is poor.

1354
00:47:19,159 --> 00:47:19,819
Matthew: That is poor.

1355
00:47:19,909 --> 00:47:23,134
I, I would be in favor
of reversing that to.

1356
00:47:24,184 --> 00:47:25,534
You know, we own everything.

1357
00:47:25,534 --> 00:47:29,074
The people of Australia, the
citizens own the natural resources

1358
00:47:29,344 --> 00:47:31,234
and we benefit from the resources.

1359
00:47:31,354 --> 00:47:31,594
Okay.

1360
00:47:31,594 --> 00:47:32,404
As a country.

1361
00:47:32,524 --> 00:47:32,764
Yeah.

1362
00:47:32,764 --> 00:47:34,984
And, and a people like we're
actually given a dividend.

1363
00:47:35,524 --> 00:47:35,824
Yeah.

1364
00:47:35,824 --> 00:47:35,884
Yeah.

1365
00:47:36,844 --> 00:47:38,134
Instead, it's the other way around.

1366
00:47:38,164 --> 00:47:42,334
It's that they're taxing people on
their labor and then their investments.

1367
00:47:42,364 --> 00:47:45,814
And the only reason why people have
to do investments is because they're

1368
00:47:45,814 --> 00:47:47,344
not cutting it with the labor.

1369
00:47:47,344 --> 00:47:47,404
Yeah.

1370
00:47:47,464 --> 00:47:50,254
They're not making enough to make ends
meet, so they've gotta go out on what

1371
00:47:50,254 --> 00:47:54,004
they call the risk curve and turn the
money into other assets so that they grow.

1372
00:47:54,154 --> 00:47:54,244
Mm-hmm.

1373
00:47:54,484 --> 00:47:54,664
Okay.

1374
00:47:55,564 --> 00:48:01,564
Now let's talk about taxes for a
second, because I absolutely despise

1375
00:48:01,564 --> 00:48:08,434
it and be, and I think because the more
money you make, the more tax you pay.

1376
00:48:08,644 --> 00:48:08,854
Yeah.

1377
00:48:08,914 --> 00:48:12,634
I've, I've been a PO in a position
where I've had to write a seven

1378
00:48:12,634 --> 00:48:14,974
figure check in a single year.

1379
00:48:15,529 --> 00:48:16,579
To the tax office.

1380
00:48:17,209 --> 00:48:17,689
Anja: Oh man,

1381
00:48:17,869 --> 00:48:18,349
Matthew: it was,

1382
00:48:18,619 --> 00:48:19,039
Anja: I'm sorry.

1383
00:48:19,309 --> 00:48:19,939
Matthew: Yeah, it's horrible.

1384
00:48:22,129 --> 00:48:24,769
Now look, I, I see the
funny side of it as well.

1385
00:48:24,829 --> 00:48:25,099
Anja: Yeah.

1386
00:48:25,249 --> 00:48:26,269
Matthew: I will say this though too.

1387
00:48:26,269 --> 00:48:27,859
When I was super poor and broke

1388
00:48:27,979 --> 00:48:28,219
Anja: Mm,

1389
00:48:28,309 --> 00:48:30,739
Matthew: I dreamed of the
day of being able to pay tax.

1390
00:48:30,744 --> 00:48:31,369
Anja: Yeah, yeah.

1391
00:48:31,370 --> 00:48:31,399
Because I

1392
00:48:31,399 --> 00:48:32,539
Matthew: wanna pay tax.

1393
00:48:32,629 --> 00:48:33,349
Anja: It's a good problem to

1394
00:48:33,349 --> 00:48:33,484
Matthew: have.

1395
00:48:33,484 --> 00:48:34,639
It's a good problem to have.

1396
00:48:34,699 --> 00:48:35,059
Okay.

1397
00:48:35,449 --> 00:48:39,829
Now that said, um, there is no incentive,
like for example, right now, they could

1398
00:48:39,829 --> 00:48:45,289
just say for people who wanna do a
second or third job, whatever, um, no

1399
00:48:45,289 --> 00:48:48,259
tax, or let's just not tax you 50%.

1400
00:48:48,289 --> 00:48:49,129
'cause that's what it is right now.

1401
00:48:49,129 --> 00:48:51,559
You get the highest tax rate
on your second, third jobs.

1402
00:48:51,769 --> 00:48:52,129
Yeah.

1403
00:48:52,309 --> 00:48:52,969
Why is that?

1404
00:48:53,479 --> 00:48:54,499
It's ridiculous, right?

1405
00:48:54,769 --> 00:48:54,829
Yeah.

1406
00:48:54,889 --> 00:48:59,929
Even for things like, um, you know, over
time or, and penalties, it's just crazy.

1407
00:49:00,199 --> 00:49:03,799
So what I would say is this too.

1408
00:49:04,579 --> 00:49:07,429
Go, going back to super, the Labor Party.

1409
00:49:08,299 --> 00:49:09,289
Anja: I know where you're going.

1410
00:49:09,559 --> 00:49:09,859
Matthew: Okay.

1411
00:49:09,949 --> 00:49:13,609
They, and this, I went ballistic over
this and this kind of incentivized

1412
00:49:13,609 --> 00:49:14,899
me to look outside of Australia.

1413
00:49:14,929 --> 00:49:17,449
'cause if they impose this, and
I, and I'm, I'll get to that,

1414
00:49:17,449 --> 00:49:18,434
what I think is gonna happen.

1415
00:49:18,434 --> 00:49:18,514
I

1416
00:49:18,514 --> 00:49:19,609
Anja: think that would
be a trigger for most.

1417
00:49:19,609 --> 00:49:19,999
Yeah.

1418
00:49:20,059 --> 00:49:22,369
Matthew: I'm talking about
unrealized capital gains tax.

1419
00:49:23,119 --> 00:49:23,209
Yeah.

1420
00:49:23,209 --> 00:49:29,149
And now for some of you who don't
know on your nose, it's tax on

1421
00:49:29,809 --> 00:49:31,249
earnings that you haven't had yet.

1422
00:49:31,939 --> 00:49:32,239
Okay.

1423
00:49:32,539 --> 00:49:35,089
So imagine you've put a
house, an investment property.

1424
00:49:35,359 --> 00:49:37,249
It's valued today at 500,000.

1425
00:49:37,879 --> 00:49:40,339
It goes up in a year by 20%.

1426
00:49:40,339 --> 00:49:42,079
So it goes up to $600,000.

1427
00:49:42,109 --> 00:49:42,349
Anja: Mm-hmm.

1428
00:49:42,649 --> 00:49:44,419
Matthew: According to labor.

1429
00:49:44,479 --> 00:49:46,489
And the greens, they love this shit.

1430
00:49:46,999 --> 00:49:50,599
They wanna, they wanna say to you,
we want you to give us some of that

1431
00:49:50,599 --> 00:49:52,819
money of the increase of the property.

1432
00:49:52,824 --> 00:49:52,884
Yeah.

1433
00:49:53,554 --> 00:49:55,804
Anja: Lemme just sell my
house through pay my tax bill.

1434
00:49:56,524 --> 00:49:58,534
Matthew: Obviously you can't do that.

1435
00:49:58,954 --> 00:50:03,544
I mean, you can sell it, but you
can't just peel off $20,000 of house

1436
00:50:03,544 --> 00:50:05,134
and just give it to the tax office.

1437
00:50:05,194 --> 00:50:05,584
Okay.

1438
00:50:05,674 --> 00:50:07,924
And what happens in those situations?

1439
00:50:07,924 --> 00:50:09,454
You would have to sell the house.

1440
00:50:09,484 --> 00:50:11,674
You either come up with it
from your own back pocket.

1441
00:50:12,364 --> 00:50:12,694
Yeah.

1442
00:50:12,694 --> 00:50:16,534
There's money sitting in the bank, or you
have to now sell the asset to pay the tax.

1443
00:50:16,564 --> 00:50:18,544
Isn't that just insane?

1444
00:50:18,694 --> 00:50:19,564
Anja: It's criminal.

1445
00:50:19,684 --> 00:50:20,344
It's criminal.

1446
00:50:20,434 --> 00:50:21,094
You're taxed.

1447
00:50:21,094 --> 00:50:22,474
When you earn, you're taxed.

1448
00:50:22,474 --> 00:50:23,674
When you sell, you're taxed.

1449
00:50:23,674 --> 00:50:24,394
When you buy.

1450
00:50:24,649 --> 00:50:26,914
You, you know you're
taxed when you invest.

1451
00:50:26,914 --> 00:50:28,234
You basically tax to death.

1452
00:50:28,234 --> 00:50:33,394
And like this sets a dangerous precedent
because they're trying to now tax

1453
00:50:33,394 --> 00:50:36,874
you on things that haven't even been
profit, that hasn't even been realized.

1454
00:50:36,874 --> 00:50:39,454
Matthew: Haven't, yeah, haven't
been realized or come to fruition.

1455
00:50:39,784 --> 00:50:44,459
There's one thing to say that you know
your house is worth $600,000 on paper.

1456
00:50:45,349 --> 00:50:46,099
You gotta sell it.

1457
00:50:46,099 --> 00:50:48,559
You might not only, you might
sell for 500, the market might

1458
00:50:48,559 --> 00:50:49,489
have changed or whatever.

1459
00:50:49,879 --> 00:50:54,049
And so if you think about this from a
superannuation point of view, what they

1460
00:50:54,049 --> 00:50:58,609
were gonna do was, as your super goes up
in value, they were gonna take more of it.

1461
00:50:59,089 --> 00:51:00,079
They're gonna take more of it.

1462
00:51:00,469 --> 00:51:07,159
They already do take, uh, 15% tax
on earnings in superannuation.

1463
00:51:08,269 --> 00:51:08,659
Okay?

1464
00:51:09,019 --> 00:51:11,899
So that's, and I just, there's
lots of different brackets, but

1465
00:51:11,899 --> 00:51:13,489
that's up to 3 million, right?

1466
00:51:13,579 --> 00:51:18,619
So while you're saving in super up
to 3 million, 15% tax on earnings,

1467
00:51:18,619 --> 00:51:20,029
so things like dividends, interest.

1468
00:51:20,584 --> 00:51:24,754
15% tax if you sold assets while
in your accumulation phase.

1469
00:51:24,874 --> 00:51:24,994
Anja: Yeah.

1470
00:51:25,354 --> 00:51:28,564
Matthew: 15% capital gains
tax for under 12 months.

1471
00:51:28,744 --> 00:51:31,714
10% for over 12 months held.

1472
00:51:31,894 --> 00:51:32,164
Right.

1473
00:51:32,434 --> 00:51:35,314
So it's still, people say, yeah,
but you get a tax discount.

1474
00:51:35,314 --> 00:51:35,794
It's cheap.

1475
00:51:35,794 --> 00:51:36,004
Yeah.

1476
00:51:36,394 --> 00:51:39,454
It it, and it is cheaper than holding
it in a, in a, your personal name.

1477
00:51:39,544 --> 00:51:39,724
Anja: Yeah.

1478
00:51:39,724 --> 00:51:40,054
Matthew: Okay.

1479
00:51:40,774 --> 00:51:46,174
But I would argue that why should we be
taxed on money that is for our retirement.

1480
00:51:46,174 --> 00:51:46,984
Let's just get rid of that.

1481
00:51:46,984 --> 00:51:49,714
Let's incentivize people actually
to put money aside for their

1482
00:51:49,714 --> 00:51:53,494
retirement rather than them being
a potential burden on the state.

1483
00:51:53,494 --> 00:51:54,184
We don't want that.

1484
00:51:54,424 --> 00:51:54,544
Yeah.

1485
00:51:54,544 --> 00:51:58,624
Who wants to be beholden to the
government for a hand handout?

1486
00:51:58,624 --> 00:52:01,774
And unfortunately people under the old age
pension will have to end up doing that.

1487
00:52:02,314 --> 00:52:05,674
So this sparked me to now look outside
of Australia, if they were gonna

1488
00:52:05,674 --> 00:52:09,844
bring this unrealized capital gains
tax in, I was like, I'd, I'd started

1489
00:52:09,844 --> 00:52:13,654
Visa agent and I'd gone down the whole
path of moving to Dubai, perhaps.

1490
00:52:13,684 --> 00:52:13,984
Right.

1491
00:52:14,014 --> 00:52:19,564
Maybe not now, but looking at an escape
plan, I'm still doing an escape plan.

1492
00:52:20,344 --> 00:52:20,944
Anja: Plan B

1493
00:52:21,034 --> 00:52:25,054
Matthew: because Anya people can
be like, well, we don't have the

1494
00:52:25,054 --> 00:52:27,154
unrealized capital gains tax yet.

1495
00:52:28,114 --> 00:52:29,194
We don't have it yet.

1496
00:52:29,944 --> 00:52:30,694
Let me go back.

1497
00:52:31,774 --> 00:52:37,984
2019, uh, bill Shorten was the
federal opposition leader for labor.

1498
00:52:38,464 --> 00:52:40,654
He was running against Scott Morrison.

1499
00:52:41,734 --> 00:52:48,424
His proposal at the time was to bring
in, uh, get rid of, um, the capital

1500
00:52:48,424 --> 00:52:52,264
gains tax discount, remove that on
properties, and also negative gearing.

1501
00:52:52,269 --> 00:52:52,449
Anja: Mm-hmm.

1502
00:52:52,594 --> 00:52:52,954
Matthew: Okay.

1503
00:52:53,074 --> 00:52:56,074
He took it to the election and
people were like, absolutely not.

1504
00:52:56,074 --> 00:52:58,474
We don't wanna have to
pay more taxes again.

1505
00:52:58,654 --> 00:52:58,984
Okay.

1506
00:52:59,434 --> 00:53:06,304
So he lost, what are they talking
about now, only seven years later?

1507
00:53:06,364 --> 00:53:06,604
Anja: Mm.

1508
00:53:06,664 --> 00:53:08,044
Matthew: It's being, it's floated again.

1509
00:53:08,314 --> 00:53:11,134
So what we're expecting in the
budget that's going to be delivered

1510
00:53:11,134 --> 00:53:15,874
in the next couple of months will
be changes to capital gains tax on

1511
00:53:15,874 --> 00:53:17,884
properties and also negative gearing.

1512
00:53:18,859 --> 00:53:23,029
Negative gearing though, is a
fundamental shift in the sort of the

1513
00:53:23,029 --> 00:53:27,079
laws of accounting and investing,
which is you can write off your

1514
00:53:27,079 --> 00:53:29,569
expenses on a, on a, on a, on an asset.

1515
00:53:29,574 --> 00:53:29,854
Yeah.

1516
00:53:29,989 --> 00:53:30,259
Yeah.

1517
00:53:30,409 --> 00:53:31,099
Or an investment.

1518
00:53:31,939 --> 00:53:35,659
So they're gonna single
out now, just property.

1519
00:53:35,869 --> 00:53:39,169
Now I know there's a whole nother
argument as opposed to, uh, to

1520
00:53:39,169 --> 00:53:42,409
do with should property even be
an investment or is it a Right.

1521
00:53:42,439 --> 00:53:42,829
Okay.

1522
00:53:43,129 --> 00:53:43,909
I understand that.

1523
00:53:44,269 --> 00:53:47,779
Um, but I will also argue though,
that Australia has fundamentally

1524
00:53:47,779 --> 00:53:49,879
been a property country.

1525
00:53:50,449 --> 00:53:53,959
And if you don't have to
live in the property, right?

1526
00:53:53,989 --> 00:53:57,259
If someone wants to buy property
to rent out for an income, fine.

1527
00:53:57,289 --> 00:53:58,399
That's, that's their choice.

1528
00:53:58,459 --> 00:53:58,579
Anja: Yeah.

1529
00:53:59,149 --> 00:54:00,139
Matthew: If you don't wanna
live there, don't live there.

1530
00:54:00,829 --> 00:54:03,379
The fact that we've got a, we're
going down another rabbit hole, but

1531
00:54:03,469 --> 00:54:08,239
a shortage of property in Australia
is not to do with the investor, it's

1532
00:54:08,239 --> 00:54:11,929
to do with government policy and
incentivizations, et cetera, et cetera.

1533
00:54:11,929 --> 00:54:12,139
Right.

1534
00:54:12,169 --> 00:54:14,119
It's, it's a pure
government policy problem.

1535
00:54:15,079 --> 00:54:16,729
And of course, immigration, et cetera.

1536
00:54:17,929 --> 00:54:19,999
So I think, um,

1537
00:54:22,039 --> 00:54:27,649
getting rid of, so what I'm saying
too is now the unrealized capital

1538
00:54:27,649 --> 00:54:28,999
gains tax has been squashed.

1539
00:54:29,029 --> 00:54:29,149
Anja: Mm-hmm.

1540
00:54:30,199 --> 00:54:31,099
Matthew: It could come back.

1541
00:54:31,849 --> 00:54:32,029
Anja: Oh,

1542
00:54:32,419 --> 00:54:35,749
Matthew: we will, we could be
taught if labor stay in government

1543
00:54:35,779 --> 00:54:37,549
and in power with the greens.

1544
00:54:38,479 --> 00:54:40,699
I'm gonna say this to
Gani 'cause I don't care.

1545
00:54:41,179 --> 00:54:42,889
These people are radical.

1546
00:54:43,219 --> 00:54:43,489
Okay.

1547
00:54:43,489 --> 00:54:44,899
They want to steal your money.

1548
00:54:45,859 --> 00:54:47,389
You live in a beautiful part of the world.

1549
00:54:47,659 --> 00:54:50,179
Am I allowed to say it's,
it's in the northern rivers?

1550
00:54:51,379 --> 00:54:51,469
Yes.

1551
00:54:52,189 --> 00:54:53,419
Uh, Byron area.

1552
00:54:53,779 --> 00:54:56,209
Byron is ravaged of people.

1553
00:54:56,719 --> 00:54:59,479
They've got one of the highest
green votes in the country.

1554
00:54:59,509 --> 00:54:59,749
Anja: Yeah.

1555
00:55:00,199 --> 00:55:03,139
Matthew: I don't know if they really
understand what they're voting for.

1556
00:55:03,139 --> 00:55:06,379
I think for, for a lot of
these people, it's, yeah, but

1557
00:55:06,379 --> 00:55:07,549
they wanna save the whales.

1558
00:55:07,639 --> 00:55:07,819
Anja: Yeah.

1559
00:55:07,909 --> 00:55:08,209
Matthew: Okay.

1560
00:55:08,209 --> 00:55:12,979
It's not that they're communists,
they want a communist society.

1561
00:55:13,069 --> 00:55:13,249
Yeah.

1562
00:55:13,309 --> 00:55:14,869
And I just don't agree with it at all.

1563
00:55:15,319 --> 00:55:15,619
Okay.

1564
00:55:15,619 --> 00:55:16,039
So.

1565
00:55:17,014 --> 00:55:17,734
That's what I would say.

1566
00:55:17,734 --> 00:55:20,194
Be careful of what's gonna be
coming down the pipeline because

1567
00:55:20,194 --> 00:55:22,654
they could be bringing you back
unrealized, couple gains tax.

1568
00:55:22,954 --> 00:55:26,254
Um, I think it's the Netherlands now
are floating that idea too on Yeah.

1569
00:55:26,404 --> 00:55:27,004
Assets.

1570
00:55:27,454 --> 00:55:31,564
And my biggest fear is that
if they get it through on

1571
00:55:32,104 --> 00:55:34,054
retirement savings of all things.

1572
00:55:34,114 --> 00:55:34,204
Yeah.

1573
00:55:34,234 --> 00:55:34,564
Right.

1574
00:55:34,864 --> 00:55:36,634
It'll be okay.

1575
00:55:36,934 --> 00:55:38,044
It's now on property.

1576
00:55:38,134 --> 00:55:40,864
It's now on just company profits.

1577
00:55:41,734 --> 00:55:41,824
Mm-hmm.

1578
00:55:42,064 --> 00:55:42,874
The list will go on.

1579
00:55:42,874 --> 00:55:42,934
Yeah.

1580
00:55:43,054 --> 00:55:46,654
And it will absolutely crush
this country economically.

1581
00:55:46,654 --> 00:55:47,644
It's already on its knees.

1582
00:55:48,229 --> 00:55:49,399
Anja: Yeah, absolutely.

1583
00:55:49,399 --> 00:55:52,249
And, and yeah, that's
what concerns me as well.

1584
00:55:52,249 --> 00:55:55,129
Like if you look at the taxation
history in Australia for the last

1585
00:55:55,129 --> 00:55:58,789
hundred years, you can definitely
see a very clear trend that it

1586
00:55:58,819 --> 00:56:01,369
always is promised to be temporary.

1587
00:56:01,369 --> 00:56:04,339
It's always promised to be low,
and that's just never the case.

1588
00:56:04,339 --> 00:56:07,969
So these ideas are sometimes
floated around and the first time

1589
00:56:07,969 --> 00:56:10,849
they're unpopular, the second
time they're unpopular and then

1590
00:56:10,849 --> 00:56:12,139
the third time they get through.

1591
00:56:12,289 --> 00:56:12,439
Matthew: Mm-hmm.

1592
00:56:12,469 --> 00:56:16,189
Anja: So I, I absolutely do think,
you know, Australia is headed, at

1593
00:56:16,189 --> 00:56:17,659
least where we are at the moment.

1594
00:56:17,659 --> 00:56:22,159
The current climate, we are headed
towards citizenship tax as well.

1595
00:56:22,429 --> 00:56:23,089
Like, you know.

1596
00:56:23,089 --> 00:56:23,179
Yes.

1597
00:56:23,179 --> 00:56:27,709
So in the case, you know, someone
does go to Dubai, um, I think

1598
00:56:27,709 --> 00:56:29,149
France has done that if I'm

1599
00:56:29,209 --> 00:56:30,199
Matthew: America has that.

1600
00:56:30,204 --> 00:56:30,694
Anja: Yeah, yeah,

1601
00:56:30,699 --> 00:56:31,009
Matthew: yeah.

1602
00:56:31,039 --> 00:56:33,079
So you wanna explain that
for people or should I

1603
00:56:33,494 --> 00:56:34,214
Anja: You you do it

1604
00:56:35,269 --> 00:56:38,269
Matthew: citizen citizenship
tax is global tax.

1605
00:56:38,299 --> 00:56:38,389
Anja: Yeah.

1606
00:56:38,599 --> 00:56:40,489
Matthew: And no matter what
you earn anywhere in the

1607
00:56:40,489 --> 00:56:42,439
world, you have to repatriate.

1608
00:56:42,964 --> 00:56:45,604
Tax to your citizen-based country.

1609
00:56:45,604 --> 00:56:50,074
So in America, what a lot of people do
is if they're moving out of America, they

1610
00:56:50,074 --> 00:56:52,864
relinquish their citizenship of the us

1611
00:56:52,954 --> 00:56:53,104
Anja: Yep.

1612
00:56:53,314 --> 00:56:56,044
Matthew: So therefore they'd have to send
money back to the US under their taxes.

1613
00:56:57,544 --> 00:57:01,174
I I do think that will happen at
some point in Australia as well.

1614
00:57:01,234 --> 00:57:01,444
Anja: Yeah.

1615
00:57:02,254 --> 00:57:04,114
Matthew: Which will be horrible.

1616
00:57:04,119 --> 00:57:05,944
You, you would just have to
give up your citizenship of

1617
00:57:05,944 --> 00:57:07,534
Australia to avoid that tax.

1618
00:57:07,624 --> 00:57:07,714
Anja: Yeah.

1619
00:57:08,614 --> 00:57:11,104
Matthew: There's already, let's
just talk about that for a second,

1620
00:57:11,104 --> 00:57:15,964
because people think that I'm just
gonna move to Bali and then I won't

1621
00:57:15,964 --> 00:57:17,434
have to pay any tax in Australia.

1622
00:57:17,439 --> 00:57:17,569
Mm-hmm.

1623
00:57:17,649 --> 00:57:17,769
Okay.

1624
00:57:18,429 --> 00:57:19,624
It doesn't work that way.

1625
00:57:19,684 --> 00:57:19,894
Anja: Yep.

1626
00:57:20,464 --> 00:57:21,634
Matthew: I've investigated this a lot.

1627
00:57:21,634 --> 00:57:22,834
I've been down these paths.

1628
00:57:22,834 --> 00:57:23,044
Right.

1629
00:57:23,314 --> 00:57:28,774
So what people have consider is that
they have to become a, um, a tax resident

1630
00:57:28,864 --> 00:57:35,704
of another country first, prove that
they're a tax resident through, um,

1631
00:57:36,544 --> 00:57:38,969
a lease, a gym membership, et cetera.

1632
00:57:39,679 --> 00:57:42,139
Remove all ties to Australia.

1633
00:57:42,349 --> 00:57:44,749
So you can't just say, well, I've still
got bank accounts and properties and

1634
00:57:44,749 --> 00:57:45,709
stuff, but I just don't wanna pay tax.

1635
00:57:46,009 --> 00:57:47,299
No, you have to sort of sever it.

1636
00:57:47,359 --> 00:57:47,719
Anja: Yeah.

1637
00:57:47,989 --> 00:57:50,899
Matthew: And then you don't have
to pay any more tax in Australia.

1638
00:57:50,899 --> 00:57:53,359
You can't just move over to Bali
for like six months and say, well,

1639
00:57:53,359 --> 00:57:55,909
I'm not there in Australia, so
why should I pay tax in Australia?

1640
00:57:55,999 --> 00:57:56,119
Yep.

1641
00:57:56,149 --> 00:57:57,079
It still follows you.

1642
00:57:57,739 --> 00:58:02,359
Speaker 4: Need a way to sign, verify
and secure your Bitcoin Australia's

1643
00:58:02,359 --> 00:58:03,949
one-stop shop for Bitcoiners.

1644
00:58:04,099 --> 00:58:08,539
Has you covered from signing
devices, nodes, and backup solutions?

1645
00:58:08,839 --> 00:58:13,864
To bid access day decor and
apparel, visit shop bitcoin.com au.

1646
00:58:17,419 --> 00:58:17,659
Anja: Yep.

1647
00:58:17,989 --> 00:58:22,219
And they're making it harder as well to
leave, because I think prior to recently

1648
00:58:22,219 --> 00:58:27,619
was two years that you had to live
abroad, sever your ties with Australia.

1649
00:58:27,619 --> 00:58:32,389
So no family, no investments, no
properties, no bank accounts here now.

1650
00:58:32,389 --> 00:58:34,099
I think it's gone up to three years.

1651
00:58:34,159 --> 00:58:35,029
Matthew: I haven't heard that one.

1652
00:58:35,029 --> 00:58:35,479
Anja: Okay.

1653
00:58:35,479 --> 00:58:35,489
Yeah.

1654
00:58:35,629 --> 00:58:40,159
Matthew: Um, but there is a, there's
some talk about changing it so that

1655
00:58:40,159 --> 00:58:42,889
if you come back to Australia, right.

1656
00:58:42,889 --> 00:58:45,379
So at the moment it's about 180
days you can stay in Australia.

1657
00:58:45,469 --> 00:58:46,129
Anja: 2 83.

1658
00:58:46,129 --> 00:58:46,579
Yeah.

1659
00:58:46,579 --> 00:58:46,589
Matthew: Yeah.

1660
00:58:46,589 --> 00:58:48,169
And they wanna change it to about a month.

1661
00:58:48,289 --> 00:58:48,499
Anja: Yeah.

1662
00:58:48,529 --> 00:58:49,669
45 days or something.

1663
00:58:49,669 --> 00:58:49,969
Matthew: Yeah.

1664
00:58:49,974 --> 00:58:50,024
Yeah.

1665
00:58:50,179 --> 00:58:50,779
Next to nothing.

1666
00:58:50,869 --> 00:58:50,959
Yeah.

1667
00:58:50,989 --> 00:58:51,289
Right.

1668
00:58:51,649 --> 00:58:54,019
You stay longer than that, you're
now, oh, you're a tax resident again.

1669
00:58:54,049 --> 00:58:54,199
Anja: Yeah.

1670
00:58:54,799 --> 00:58:58,309
Matthew: So, um, it's pretty bad and.

1671
00:58:58,954 --> 00:59:01,264
People need, I guess it'll
just get, keep getting worse.

1672
00:59:01,414 --> 00:59:04,744
A lot of people I speak to, they
say, look, I wanna move to x, y,

1673
00:59:04,744 --> 00:59:05,704
z country and stuff like that.

1674
00:59:06,334 --> 00:59:09,274
But they're just not
prepared to pay the fee.

1675
00:59:09,454 --> 00:59:11,524
Like it, it costs money to do that.

1676
00:59:11,824 --> 00:59:12,004
Yeah.

1677
00:59:12,034 --> 00:59:12,304
Okay.

1678
00:59:12,304 --> 00:59:13,174
So they're trapped.

1679
00:59:13,174 --> 00:59:17,794
Then second problem they've got is
that unlike probably yourself and

1680
00:59:17,824 --> 00:59:23,314
and myself, if you have an online
business that generates income, I

1681
00:59:23,314 --> 00:59:24,664
can be in anywhere in the world.

1682
00:59:24,994 --> 00:59:25,324
Okay.

1683
00:59:25,564 --> 00:59:29,344
So if you're like a, um, problem is
like if you're a laborer, like you

1684
00:59:29,344 --> 00:59:31,714
could move that your trade anywhere.

1685
00:59:32,434 --> 00:59:35,374
Um, but the problem is that
you're in another country, you're

1686
00:59:35,374 --> 00:59:37,024
not gonna get the same wage.

1687
00:59:37,594 --> 00:59:40,804
You can't just be getting paid 150
grand as a plumber here and then go

1688
00:59:40,804 --> 00:59:42,274
to there and still get 150 grand.

1689
00:59:42,274 --> 00:59:45,544
You have to go down to compete
with the local economy.

1690
00:59:45,814 --> 00:59:45,874
Anja: Mm.

1691
00:59:46,024 --> 00:59:46,264
Matthew: Yeah.

1692
00:59:46,264 --> 00:59:48,574
Or whatever the, what,
whatever the other wages are.

1693
00:59:48,694 --> 00:59:48,904
Anja: Yeah.

1694
00:59:49,114 --> 00:59:50,554
Matthew: So having an online
business certainly helps.

1695
00:59:50,554 --> 00:59:53,944
So that's a lot of the
thought that goes into moving.

1696
00:59:54,514 --> 00:59:58,174
But creating an online
business is not simple.

1697
00:59:58,594 --> 00:59:58,864
Anja: No.

1698
00:59:58,954 --> 00:59:59,104
Matthew: Right.

1699
00:59:59,224 --> 01:00:03,214
People ask me all the time because I
did, um, quite well through Amazon and

1700
01:00:03,214 --> 01:00:04,774
e-commerce over the last few years.

1701
01:00:07,534 --> 01:00:09,274
Look, my first two
products are You failed.

1702
01:00:09,369 --> 01:00:09,659
Anja: Yeah.

1703
01:00:09,994 --> 01:00:10,174
Matthew: Yeah.

1704
01:00:10,174 --> 01:00:12,574
It was, they were dismal,
but I was learning.

1705
01:00:12,664 --> 01:00:12,904
Anja: Yeah.

1706
01:00:13,114 --> 01:00:15,214
Matthew: The third product worked out
well and, and made a lot of money.

1707
01:00:17,044 --> 01:00:20,074
My advice to people, if, and I spoke
to someone yesterday about this, if

1708
01:00:20,074 --> 01:00:24,244
they're thinking about getting an online
business, the probably the hardest thing

1709
01:00:24,244 --> 01:00:26,374
you could do is to start from scratch.

1710
01:00:26,674 --> 01:00:26,854
Anja: Yeah.

1711
01:00:27,034 --> 01:00:27,424
Matthew: Okay.

1712
01:00:27,634 --> 01:00:31,204
Whether it be, um, particularly
in a product based business.

1713
01:00:31,474 --> 01:00:31,684
Mm. Okay.

1714
01:00:31,684 --> 01:00:32,884
I am gonna talk about
something else in a second.

1715
01:00:33,784 --> 01:00:37,234
So you are better to just go
and buy and they're everywhere.

1716
01:00:37,264 --> 01:00:38,434
Write this down folks.

1717
01:00:38,554 --> 01:00:44,134
Empire flippers.com and Flipper
with an A-F-L-I-P-P a.com.

1718
01:00:44,374 --> 01:00:46,504
They are online brokerage sites.

1719
01:00:46,654 --> 01:00:46,834
Anja: Yeah.

1720
01:00:46,954 --> 01:00:49,834
Matthew: Where you can just go and just
look for different types of businesses,

1721
01:00:49,834 --> 01:00:54,124
whether it's Amazon, e-commerce, SaaS,
businesses, you name it, they're all

1722
01:00:54,124 --> 01:00:55,414
there and you can filter it between.

1723
01:00:55,744 --> 01:00:58,804
Categories and monetization
methods and all sorts of things.

1724
01:00:58,804 --> 01:00:59,044
Right.

1725
01:00:59,284 --> 01:01:00,064
So you can go dig,

1726
01:01:00,064 --> 01:01:00,514
Anja: I didn't know this.

1727
01:01:00,514 --> 01:01:00,964
That's cool.

1728
01:01:01,384 --> 01:01:01,984
Matthew: Go dig deep.

1729
01:01:02,134 --> 01:01:02,314
Anja: Yeah.

1730
01:01:02,314 --> 01:01:02,374
Yeah.

1731
01:01:03,064 --> 01:01:03,364
Matthew: Okay.

1732
01:01:04,144 --> 01:01:08,164
It's much easier to buy something that's
already established and is trading.

1733
01:01:08,284 --> 01:01:08,434
Yeah.

1734
01:01:08,464 --> 01:01:10,054
'cause you've got the trading history.

1735
01:01:10,144 --> 01:01:10,624
Yes.

1736
01:01:10,654 --> 01:01:12,034
So it's, it's proven.

1737
01:01:12,574 --> 01:01:16,234
And if a product, the the hardest
thing about coming up with a

1738
01:01:16,234 --> 01:01:18,334
product-based business, and I
see these people all the time.

1739
01:01:18,964 --> 01:01:21,424
I created this little thing
and it's gonna be awesome.

1740
01:01:21,964 --> 01:01:23,014
But you haven't put it to the market.

1741
01:01:23,014 --> 01:01:24,214
You don't even know if
it's gonna sell yet.

1742
01:01:24,514 --> 01:01:25,864
You dunno what the margins are, et cetera.

1743
01:01:25,864 --> 01:01:26,794
So it's, yeah.

1744
01:01:26,914 --> 01:01:31,114
So second to that would be to
create your own personal brand.

1745
01:01:31,864 --> 01:01:32,014
Yeah.

1746
01:01:32,014 --> 01:01:34,414
Which is exactly what
people like you and me do.

1747
01:01:35,554 --> 01:01:37,864
We created a personal
brand on social media.

1748
01:01:38,014 --> 01:01:38,164
Anja: Yep.

1749
01:01:38,314 --> 01:01:39,484
Matthew: We find our tribe.

1750
01:01:39,604 --> 01:01:40,744
There are people that will love you.

1751
01:01:40,894 --> 01:01:42,034
There are people that will love me.

1752
01:01:42,124 --> 01:01:42,304
Yep.

1753
01:01:42,334 --> 01:01:43,384
There are people that will hate me.

1754
01:01:43,429 --> 01:01:43,519
Right.

1755
01:01:44,899 --> 01:01:45,439
That's fine.

1756
01:01:45,889 --> 01:01:47,659
But the people that love you love you.

1757
01:01:47,959 --> 01:01:48,169
Anja: Yeah.

1758
01:01:48,229 --> 01:01:48,499
Matthew: Yeah.

1759
01:01:48,799 --> 01:01:52,279
And so, and they look to you for
inspiration and guidance and what you're

1760
01:01:52,279 --> 01:01:55,189
doing and in your, in the particular
niche that you're talking about.

1761
01:01:55,249 --> 01:01:55,519
Right.

1762
01:01:55,669 --> 01:01:58,729
You'll see a lot of these
with influences of health.

1763
01:01:58,849 --> 01:01:59,869
Health is a huge one.

1764
01:01:59,869 --> 01:02:00,139
Right.

1765
01:02:00,139 --> 01:02:03,019
Super hard niche to crack
into, but maybe you do.

1766
01:02:03,229 --> 01:02:03,439
Anja: Yep.

1767
01:02:03,619 --> 01:02:03,889
Matthew: Yeah.

1768
01:02:04,189 --> 01:02:09,619
And so that is something though,
that cannot be purchased, right?

1769
01:02:10,009 --> 01:02:11,509
You have to start from scratch.

1770
01:02:12,739 --> 01:02:14,869
So I would say to people, if that's
something you're even thinking

1771
01:02:14,869 --> 01:02:21,289
about doing and we're talking about,
about this off air start, grab your

1772
01:02:21,289 --> 01:02:23,449
iPhone, start recording a video.

1773
01:02:24,109 --> 01:02:25,069
It's gonna be crap.

1774
01:02:25,939 --> 01:02:26,989
Probably no one's gonna watch it.

1775
01:02:27,979 --> 01:02:31,639
But in time people find
you, your videos get better.

1776
01:02:32,539 --> 01:02:35,659
You probably, you might
even change your message.

1777
01:02:35,989 --> 01:02:37,129
Maybe you start off talking about.

1778
01:02:38,029 --> 01:02:40,849
Um, like what I did, I started talking
about Amazon 'cause that's what I was in.

1779
01:02:40,999 --> 01:02:41,239
Anja: Mm-hmm.

1780
01:02:41,659 --> 01:02:43,399
Matthew: But then I
just discovered Bitcoin.

1781
01:02:43,399 --> 01:02:44,659
I was like, I don't wanna
talk about Amazon anymore.

1782
01:02:44,839 --> 01:02:45,079
Anja: Mm-hmm.

1783
01:02:45,499 --> 01:02:47,359
Matthew: I just wanna talk about the
things that I like to talk about.

1784
01:02:47,749 --> 01:02:48,049
Yeah.

1785
01:02:48,049 --> 01:02:48,059
Yeah.

1786
01:02:48,469 --> 01:02:53,779
And so that then, um, spawned into
this whole online community that I

1787
01:02:53,779 --> 01:02:55,009
have under the crypto collective.

1788
01:02:55,159 --> 01:02:55,309
Mm-hmm.

1789
01:02:55,459 --> 01:02:58,639
And next thing you know, there's
like, I felt like 3000, over

1790
01:02:58,639 --> 01:03:00,109
3000 people in this group.

1791
01:03:00,109 --> 01:03:00,889
Anja: That's amazing.

1792
01:03:00,944 --> 01:03:01,184
Matthew: I know.

1793
01:03:01,789 --> 01:03:01,849
I can't believe it.

1794
01:03:01,849 --> 01:03:06,979
It started at zero, only probably
within two, two years-ish.

1795
01:03:07,159 --> 01:03:07,579
Anja: Yeah.

1796
01:03:07,579 --> 01:03:07,789
That's

1797
01:03:07,794 --> 01:03:07,969
Matthew: so amazing.

1798
01:03:07,969 --> 01:03:08,629
Unbelievable.

1799
01:03:08,629 --> 01:03:08,899
Right.

1800
01:03:09,619 --> 01:03:10,609
And it just keeps growing.

1801
01:03:10,969 --> 01:03:11,119
Anja: Yep.

1802
01:03:11,149 --> 01:03:13,219
Matthew: As more and more people
wake up to Bitcoin and also

1803
01:03:13,279 --> 01:03:14,629
SM SFS and things like that.

1804
01:03:15,829 --> 01:03:16,279
So yeah.

1805
01:03:16,279 --> 01:03:18,919
It's, it's, so that's my encouragement
to PE for people is to just.

1806
01:03:19,414 --> 01:03:22,114
Put their voice out there and then
that could eventually is where I'm

1807
01:03:22,114 --> 01:03:24,604
get to, could become monetized.

1808
01:03:25,144 --> 01:03:25,504
Yeah.

1809
01:03:25,504 --> 01:03:26,584
And then you can travel the world.

1810
01:03:26,884 --> 01:03:27,124
Anja: Yep.

1811
01:03:27,304 --> 01:03:29,794
That's exactly what I'm trying
to kind of do with honest

1812
01:03:29,794 --> 01:03:32,104
money, you know, like, uh, yeah.

1813
01:03:32,104 --> 01:03:37,624
Just detach myself from as, as
many, you know, dependencies as

1814
01:03:37,624 --> 01:03:39,184
possible and then do my own thing.

1815
01:03:39,184 --> 01:03:39,844
So be

1816
01:03:39,859 --> 01:03:40,149
Matthew: Yeah.

1817
01:03:40,154 --> 01:03:40,234
Yeah.

1818
01:03:40,234 --> 01:03:44,104
You could, and I mean, I know
Dubai's not a very, uh, might not be

1819
01:03:44,104 --> 01:03:45,664
a favorable spot to move to today.

1820
01:03:45,874 --> 01:03:46,294
Anja: I don't like it.

1821
01:03:47,044 --> 01:03:47,254
Matthew: Right?

1822
01:03:47,254 --> 01:03:47,614
You don't.

1823
01:03:47,764 --> 01:03:48,004
Anja: No,

1824
01:03:48,009 --> 01:03:48,199
Matthew: no,

1825
01:03:48,334 --> 01:03:48,454
but

1826
01:03:48,454 --> 01:03:49,999
Anja: it's too much concrete
for me that that's fine.

1827
01:03:50,614 --> 01:03:51,439
That Im, now I need to nature person,

1828
01:03:51,759 --> 01:03:52,079
Matthew: however.

1829
01:03:52,989 --> 01:03:53,279
Okay.

1830
01:03:53,279 --> 01:03:59,239
However, just to give an example, you can
get a golden Visa in de for, for the UAE.

1831
01:03:59,339 --> 01:03:59,559
Anja: Yep.

1832
01:03:59,859 --> 01:04:00,759
Matthew: If you are a creator.

1833
01:04:01,849 --> 01:04:06,469
Anja: Oh, I think is it true that
you only have to spend two days

1834
01:04:06,469 --> 01:04:10,879
a year so you can get a residency
in Dubai, meet their requirements,

1835
01:04:10,879 --> 01:04:12,649
but you can live in Costa Rica,

1836
01:04:12,739 --> 01:04:13,069
Matthew: like Yeah.

1837
01:04:13,069 --> 01:04:14,869
So the golden visa's way more flexible.

1838
01:04:14,869 --> 01:04:15,949
It's like the top tier.

1839
01:04:16,099 --> 01:04:16,309
Anja: Yeah.

1840
01:04:16,399 --> 01:04:17,779
Matthew: Um, passport, let's call it.

1841
01:04:17,779 --> 01:04:18,079
Yeah.

1842
01:04:18,084 --> 01:04:18,094
Yeah.

1843
01:04:18,319 --> 01:04:19,369
Or pro visa program.

1844
01:04:19,489 --> 01:04:24,529
And, but you pay to get it now
if you don't pay to get it, you

1845
01:04:24,529 --> 01:04:28,039
have to meet these other criteria,
which is like, Hey, they actually

1846
01:04:28,099 --> 01:04:29,179
we should do this in Australia.

1847
01:04:29,389 --> 01:04:29,509
Anja: Mm.

1848
01:04:29,659 --> 01:04:29,839
Matthew: Right.

1849
01:04:29,839 --> 01:04:32,854
Which is we need these types of
people, builders and da dah da.

1850
01:04:32,859 --> 01:04:33,079
Right.

1851
01:04:33,469 --> 01:04:36,169
And we'll just, we'll, we'll
give you a free visa because

1852
01:04:36,169 --> 01:04:37,129
we want you to come here.

1853
01:04:37,129 --> 01:04:42,769
So the UAE is, we want creators
and influencers and people to

1854
01:04:42,769 --> 01:04:47,299
come here and do podcasts and talk
about Bitcoin and crypto and all

1855
01:04:47,299 --> 01:04:49,339
these other innovative type things.

1856
01:04:49,819 --> 01:04:52,369
And in fact, if you've already
got an existing following.

1857
01:04:52,879 --> 01:04:55,009
We'll pay for you to come and
we'll, they'll give you the

1858
01:04:55,009 --> 01:04:56,359
studio and all sorts of things.

1859
01:04:56,359 --> 01:04:57,709
It's incredible what they do.

1860
01:04:58,039 --> 01:05:00,379
And so therefore it doesn't
cost you any money to do it.

1861
01:05:00,409 --> 01:05:00,649
Right.

1862
01:05:00,649 --> 01:05:00,769
Yeah.

1863
01:05:00,769 --> 01:05:02,989
You don't have to pay for the,
for the traditional golden visa.

1864
01:05:03,319 --> 01:05:07,489
There's tier underneath that though,
but have different requirements,

1865
01:05:07,729 --> 01:05:12,079
but less cost, but more commitment
to the, to like residency stays.

1866
01:05:12,229 --> 01:05:12,439
Anja: Mm-hmm.

1867
01:05:13,669 --> 01:05:13,909
Yeah.

1868
01:05:14,059 --> 01:05:15,529
I'll just quickly check the time.

1869
01:05:15,529 --> 01:05:15,589
Um,

1870
01:05:16,399 --> 01:05:16,879
Matthew: what is the time?

1871
01:05:17,689 --> 01:05:17,949
Anja: Okay, so 10.

1872
01:05:17,949 --> 01:05:20,569
So yeah, we should be, uh,
wrapping up, but I wanted to ask

1873
01:05:20,569 --> 01:05:21,979
you a little cheeky question.

1874
01:05:22,309 --> 01:05:24,319
Um, nothing too cheeky.

1875
01:05:24,319 --> 01:05:24,379
Okay.

1876
01:05:24,799 --> 01:05:30,319
Uh, Solana, so the money that
you have put in Solana Yeah.

1877
01:05:30,589 --> 01:05:33,919
Have you calculated whether you would've
done better if it was all in Bitcoin?

1878
01:05:35,029 --> 01:05:35,509
Matthew: You know what?

1879
01:05:35,509 --> 01:05:40,759
I haven't, but I can tell people that
I absolutely would've done better if

1880
01:05:40,759 --> 01:05:43,399
I'd not bought all the other things.

1881
01:05:43,459 --> 01:05:43,519
Yeah.

1882
01:05:43,749 --> 01:05:46,669
You know, like the xps,
the chain links, the.

1883
01:05:47,674 --> 01:05:48,874
The AVEs.

1884
01:05:48,934 --> 01:05:50,554
I mean, there's a whole list of things.

1885
01:05:50,629 --> 01:05:52,189
Anja: I didn't even know
what half of those things.

1886
01:05:52,554 --> 01:05:52,594
Matthew: Yeah.

1887
01:05:52,594 --> 01:05:53,884
Just alt coins.

1888
01:05:53,979 --> 01:05:54,399
Anja: Yeah, yeah, yeah.

1889
01:05:54,399 --> 01:05:54,964
Matthew: Okay.

1890
01:05:55,324 --> 01:05:58,804
Uh, I would've been better
off just sticking to Bitcoin.

1891
01:05:58,864 --> 01:05:59,104
Anja: Yeah.

1892
01:05:59,344 --> 01:06:03,334
Matthew: But it's, it's when
you don't understand, you don't

1893
01:06:03,334 --> 01:06:04,984
understand, like you just don't know.

1894
01:06:05,104 --> 01:06:05,374
Right.

1895
01:06:05,374 --> 01:06:05,434
Yeah.

1896
01:06:05,434 --> 01:06:06,634
And that's sort of part of the journey.

1897
01:06:06,634 --> 01:06:11,344
And I speak to a lot of people who
have moved from diversified crypto

1898
01:06:11,344 --> 01:06:16,474
portfolio and then eventually just like
capitulates into just bitcoin's the thing.

1899
01:06:16,774 --> 01:06:17,014
Anja: Yep.

1900
01:06:17,524 --> 01:06:22,864
Matthew: So if people are coming in
new, I always say, I, I, I understand

1901
01:06:22,864 --> 01:06:25,594
that people want to go a little bit
out on the risk curve because they

1902
01:06:25,594 --> 01:06:31,414
think, oh, but this particular coin's
gonna a hundred x fine, put a thousand

1903
01:06:31,414 --> 01:06:33,784
bucks in or something, you know,
whatever you're prepared to just lose.

1904
01:06:34,204 --> 01:06:37,174
But, but put like all
of my superannuation.

1905
01:06:37,804 --> 01:06:38,884
All of that is Bitcoin.

1906
01:06:38,944 --> 01:06:40,924
I don't diversify that amongst anything.

1907
01:06:40,924 --> 01:06:42,214
I just wanna keep my life simple.

1908
01:06:42,214 --> 01:06:45,514
And I think that's the other thing too, is
as I've gotten rid of all the properties

1909
01:06:45,514 --> 01:06:48,604
and all the cars and everything,
I'm trying to simplify my life too.

1910
01:06:48,659 --> 01:06:48,949
Anja: Yeah.

1911
01:06:49,174 --> 01:06:49,474
Matthew: Yeah.

1912
01:06:49,804 --> 01:06:52,354
And so, yeah.

1913
01:06:52,384 --> 01:06:55,894
So if you would've made more
money just sticking with Bitcoin.

1914
01:06:56,074 --> 01:06:56,284
Yeah.

1915
01:06:56,524 --> 01:06:59,524
The other thing people try and do a lot
too I see is they try and do trading.

1916
01:07:01,504 --> 01:07:06,544
There's a, there's a a saying I heard
just recently, which is 90% of traders

1917
01:07:06,544 --> 01:07:08,854
lose 90% of their money within 90 days.

1918
01:07:08,859 --> 01:07:09,079
Anja: Yeah.

1919
01:07:09,304 --> 01:07:09,634
Matthew: Yeah.

1920
01:07:10,024 --> 01:07:12,634
That's not to say though, that
people don't make money in trading.

1921
01:07:12,724 --> 01:07:12,964
Anja: Yeah.

1922
01:07:13,414 --> 01:07:14,434
Matthew: But it's just super rare.

1923
01:07:14,554 --> 01:07:14,794
Anja: Yeah.

1924
01:07:14,854 --> 01:07:15,124
Matthew: Yeah.

1925
01:07:15,184 --> 01:07:17,914
So just, I would go in, do paper
trading in the beginning, which

1926
01:07:17,914 --> 01:07:19,054
is not using your own money.

1927
01:07:19,114 --> 01:07:19,204
Anja: Mm-hmm.

1928
01:07:19,804 --> 01:07:22,264
Matthew: Learn that, understand the
principles of it, and then if you've got

1929
01:07:22,264 --> 01:07:24,724
a bit of spare money on the side, fine.

1930
01:07:24,724 --> 01:07:25,024
Do it.

1931
01:07:25,024 --> 01:07:28,114
But I wouldn't be putting all
my life savings into trading.

1932
01:07:28,354 --> 01:07:29,704
Anja: Yeah, absolutely.

1933
01:07:29,824 --> 01:07:32,254
Time in the market
beats timing the market.

1934
01:07:32,254 --> 01:07:33,334
Matthew: Perfectly said ar Yeah.

1935
01:07:34,054 --> 01:07:35,974
Anja: Well, thank you so
much for your time today.

1936
01:07:35,974 --> 01:07:40,414
I'll obviously drop all the links, um,
for your business in the show notes.

1937
01:07:40,414 --> 01:07:43,294
Is there anything you wanna say
as like, kind of last words?

1938
01:07:43,324 --> 01:07:45,574
Matthew: Yeah, I just wanna say
congratulations to yourself.

1939
01:07:45,604 --> 01:07:45,919
Oh, thanks.

1940
01:07:45,919 --> 01:07:47,104
You're doing an incredible job.

1941
01:07:47,344 --> 01:07:49,414
You are the caliber of
speakers that you're getting

1942
01:07:49,414 --> 01:07:51,274
on here except above myself.

1943
01:07:51,274 --> 01:07:51,514
Right.

1944
01:07:51,514 --> 01:07:54,279
You, you boost and,
and so on and so forth.

1945
01:07:54,279 --> 01:07:54,574
Anja: He's not on yet.

1946
01:07:55,234 --> 01:07:56,164
Matthew: Oh, cut that

1947
01:07:56,164 --> 01:07:56,344
out.

1948
01:07:56,349 --> 01:07:57,214
Anja: We, we can cut this out.

1949
01:07:58,144 --> 01:07:59,794
Matthew: Ania, I just wanna
congratulate you on everything

1950
01:07:59,794 --> 01:08:00,544
you're doing in this space.

1951
01:08:00,544 --> 01:08:00,724
Thank you.

1952
01:08:00,724 --> 01:08:02,404
You've got so many
amazing guests coming on.

1953
01:08:02,404 --> 01:08:06,004
I know you have many more
incredible guests into the future.

1954
01:08:06,034 --> 01:08:09,274
And just thank you for being a
part of the Bitcoin community.

1955
01:08:09,394 --> 01:08:11,734
Anja: Thank you so much, and
thank you for buying me this book.

1956
01:08:11,734 --> 01:08:12,784
It's so lovely.

1957
01:08:12,784 --> 01:08:16,174
I, um, yeah, I was very pleasantly
surprised and this is one I haven't read.

1958
01:08:16,534 --> 01:08:18,004
Um, so yeah, I'm so happy.

1959
01:08:18,004 --> 01:08:19,384
Thanks so much for coming on the show.

1960
01:08:19,384 --> 01:08:19,984
Matthew: Thanks for having me.

1961
01:08:20,524 --> 01:08:20,854
Anja: Yay.

1962
01:08:22,474 --> 01:08:22,954
Is that it?

1963
01:08:23,424 --> 01:08:24,334
Matthew: Yeah, that's it.

1964
01:08:24,754 --> 01:08:25,264
Anja: Oh my God.

1965
01:08:25,264 --> 01:08:25,774
I'm sweating.

1966
01:08:27,814 --> 01:08:31,444
Matthew: Tell, tell me about rule
number 13 and why you hate it so much.

1967
01:08:31,624 --> 01:08:31,954
Anja: Okay.

1968
01:08:31,954 --> 01:08:32,674
Are we still rolling, Michael?

1969
01:08:32,734 --> 01:08:33,454
Matthew: Yeah, we probably with

1970
01:08:33,459 --> 01:08:35,944
Anja: record, um, I was, yeah,
we were talking offline a little

1971
01:08:35,944 --> 01:08:36,034
Matthew: bit.

1972
01:08:36,184 --> 01:08:37,504
So Anya

1973
01:08:37,714 --> 01:08:37,924
Anja: Yep.

1974
01:08:38,014 --> 01:08:41,704
Matthew: You were telling me before
about Michael Sailor's 21 Rules and you

1975
01:08:41,704 --> 01:08:43,594
particularly don't like rule number 13.

1976
01:08:43,774 --> 01:08:45,634
What is that rule and explain
why you don't like it?

1977
01:08:45,904 --> 01:08:49,144
Anja: I think the rule from memory
says something along the lines of,

1978
01:08:49,504 --> 01:08:52,534
don't be anti fiat, be pro Bitcoin.

1979
01:08:52,804 --> 01:08:57,604
And it's very hard for me not to
be anti fiat because having learned

1980
01:08:57,604 --> 01:09:01,474
how the fiat system works and how
deeply flawed, flawed it is, it's

1981
01:09:01,474 --> 01:09:03,814
really hard for me to not Yeah,

1982
01:09:04,324 --> 01:09:04,834
Matthew: not, yeah.

1983
01:09:04,834 --> 01:09:05,764
It's hard to agree with it.

1984
01:09:05,764 --> 01:09:05,974
Right?

1985
01:09:05,974 --> 01:09:06,574
Anja: Yeah, absolutely.

1986
01:09:06,574 --> 01:09:08,164
Matthew: I'm gonna give you a
different take on it though.

1987
01:09:08,164 --> 01:09:08,254
Yeah.

1988
01:09:08,374 --> 01:09:12,544
Probably the way perhaps
Michael Sailor sees it, um.

1989
01:09:13,594 --> 01:09:18,244
Two, two, probably two reasons, but I'm
gonna, the first reason I think is when

1990
01:09:18,244 --> 01:09:22,894
you are negative and you put negative
energy into something, it drains you.

1991
01:09:22,894 --> 01:09:25,054
Mm. And Bitcoin is hope.

1992
01:09:25,744 --> 01:09:30,874
So if you focus just on the positive
attributes of Bitcoin and not let

1993
01:09:30,874 --> 01:09:34,774
fear bring you down, I think you're
gonna have a much happier and better

1994
01:09:34,774 --> 01:09:38,284
life with less stress and anxiety
just knowing that you have Bitcoin.

1995
01:09:38,284 --> 01:09:39,364
So I think that's the first thing.

1996
01:09:39,874 --> 01:09:45,004
And secondly, pure speculation
is that he, Michael Saylor

1997
01:09:45,004 --> 01:09:47,254
works with the fiat industry.

1998
01:09:48,154 --> 01:09:51,754
So rather than trashing it,
essentially he can utilize the

1999
01:09:51,754 --> 01:09:54,214
fiat industry to buy more Bitcoin.

2000
01:09:54,304 --> 01:09:54,574
Anja: Mm-hmm.

2001
01:09:55,504 --> 01:09:55,834
Matthew: You see?

2002
01:09:56,044 --> 01:09:57,634
So maybe we'll go with number one though.

2003
01:09:57,634 --> 01:10:01,594
I think that's probably the,
the first reason why less

2004
01:10:01,594 --> 01:10:03,754
negativity, more into positivity.

2005
01:10:04,384 --> 01:10:04,864
Bitcoin is hope.

2006
01:10:05,329 --> 01:10:06,469
Anja: Yeah, I love it.

2007
01:10:06,679 --> 01:10:07,249
I love it.

2008
01:10:07,249 --> 01:10:10,279
I'm still struggling with it because
yeah, it's like, I feel like you

2009
01:10:10,279 --> 01:10:12,079
need the two sides of the story.

2010
01:10:12,229 --> 01:10:14,899
In order for you to appreciate
the solution, you need to

2011
01:10:14,899 --> 01:10:16,069
understand the problem.

2012
01:10:16,399 --> 01:10:20,689
And understanding the problem
involves speaking honestly about it.

2013
01:10:20,779 --> 01:10:25,549
And you can't speak honestly about
it unless you actually say that.

2014
01:10:25,549 --> 01:10:25,939
It's,

2015
01:10:25,939 --> 01:10:27,499
Matthew: I think you
can say it though, Anya.

2016
01:10:27,559 --> 01:10:28,339
I think you can say it.

2017
01:10:28,399 --> 01:10:28,549
Anja: Okay.

2018
01:10:28,784 --> 01:10:29,074
Matthew: I'll

2019
01:10:29,074 --> 01:10:29,194
Anja: try.

2020
01:10:29,474 --> 01:10:29,634
Matthew: Okay.

2021
01:10:29,639 --> 01:10:32,419
But it's not, don't put all
your energy in hating it.

2022
01:10:33,859 --> 01:10:34,219
Okay.

2023
01:10:34,219 --> 01:10:35,809
Because it will bring you down.

2024
01:10:35,839 --> 01:10:36,019
Yeah.

2025
01:10:36,019 --> 01:10:39,169
And it'll, it'll turn you into
a horrible, like, you know, a

2026
01:10:39,169 --> 01:10:39,769
Anja: Grinch.

2027
01:10:40,309 --> 01:10:43,519
Matthew: Like, I mean, I obviously talk,
talk a bit, a lot of things down too, like

2028
01:10:44,059 --> 01:10:48,139
the banks and the superannuation system,
everything, but there's a solution.

2029
01:10:48,229 --> 01:10:48,469
Anja: Mm-hmm.

2030
01:10:48,769 --> 01:10:48,949
Matthew: Yeah.

2031
01:10:48,949 --> 01:10:51,649
If I just talked to down the Fiat
and gave no one the solution,

2032
01:10:51,649 --> 01:10:52,549
well, what is the solution?

2033
01:10:52,549 --> 01:10:53,599
It's like, oh, I don't know.

2034
01:10:53,839 --> 01:10:54,109
Anja: Yep.

2035
01:10:54,229 --> 01:10:55,189
Matthew: And it's just depressing.

2036
01:10:55,909 --> 01:10:56,239
Yeah.

2037
01:10:56,779 --> 01:10:59,299
So anyway, maybe you could
turn that into a, um, a reel.

2038
01:11:00,109 --> 01:11:00,529
Anja: I hope so.

2039
01:11:00,529 --> 01:11:01,399
Matthew: That one is real.

2040
01:11:02,359 --> 01:11:02,449
Anja: All

2041
01:11:02,449 --> 01:11:02,659
Matthew: right.

2042
01:11:03,319 --> 01:11:03,489
Anja: That'd be cool.

2043
01:11:03,489 --> 01:11:03,499
Yeah.

2044
01:11:03,964 --> 01:11:04,144
Matthew: Okay.

2045
01:11:04,144 --> 01:11:04,684
Finish up there.

2046
01:11:04,804 --> 01:11:05,824
Anja: Yeah, let's do it.

2047
01:11:05,854 --> 01:11:05,884
Okay.

2048
01:11:05,884 --> 01:11:06,424
Let's do it.

2049
01:11:06,424 --> 01:11:06,964
Thanks.

2050
01:11:07,144 --> 01:11:07,394
Um, awesome.

2051
01:11:07,689 --> 01:11:10,179
Speaker 3: Still here you
are one of the good ones.

2052
01:11:10,659 --> 01:11:13,299
We'll be back next week
with a brand new episode.

2053
01:11:13,659 --> 01:11:17,379
If you enjoy how we cut through
the noise, consider supporting us

2054
01:11:17,379 --> 01:11:19,629
directly via the Lightning QR code.

2055
01:11:20,139 --> 01:11:22,179
Got a question or a thought to share?

2056
01:11:22,569 --> 01:11:23,919
Comments are wide open.

2057
01:11:24,219 --> 01:11:25,449
We'd love to hear from you.

2058
01:11:25,559 --> 01:11:30,839
For bonus content and updates, follow
us on socials at Honest Money Show.

2059
01:11:31,889 --> 01:11:36,719
Until next week, take care of yourself
and your money and stay decentralized.