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(Financial) Wellness 101 with Tina Pham
369 Plays1 year ago
In this episode, Eleanor and LD interview Tina Pham, an investor, entrepreneur and business development professional. She was previously with Blackstone before leaving to start her own business "HerEquity." Her mission is to help high-achieving women take control of their finances and build a healthy relationship with money. Tina shares a glimpse of her personal story and some helpful frameworks to think about money management.They chat about building confidence with money management, goal-focused budgeting, and the importance of investing - all with a female audience in mind!
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For more information on Tina, connect with her on LinkedIn or visit the HerEquity website.
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Pretty Invested Media and this related information does not constitute professional or financial advice of any kind (including business, employment, investment advisory, accounting, tax, and/or legal advice). Advice from a suitably qualified professional should always be sought in relation to any particular matter or circumstance.
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Transcript
Introduction to Tina Pham and Her Equity
00:00:00
Speaker
Welcome to Pretty Invested, presented by your favorite ex-finance bros. Talk about the money things you actually care about. Hi, everyone. Today we have a special guest, Tina Pham, to talk to us about how to conquer personal finance and building wealth. Tina is an investor and business development professional with a focus on alternatives. She was previously at Blackstone, one of the most prestigious finance firms before leaving to start her own business called Her Equity.
00:00:26
Speaker
And Tina's had a complicated personal finance story that includes debt, navigating a career sabbatical and caring for a loved one, which many of us can relate to. And now one of our missions is to help young women take control of their finances. She is generously joining us to share some of her money management wisdom. Welcome, Tina. Thank you. Thank you, ladies. Thanks for having me. Yeah. So Tina, just to kick us right off, what are you working on right now? So a couple of things.
00:00:56
Speaker
I'm very excited to be on this podcast. Aside from my day job of meeting with investors, she raised capital for alternative investments and a more exciting front as it relates to her equity, which is financial wellness company for women. I initially started as a bunny coach to help women one-on-one during the pandemic tackle their money management goals, whether it be budgeting and saving all the way through the dressing credit card debt,
00:01:26
Speaker
and approach to investments. But my main idea behind them was to build a platform where women feel like it's okay to talk about them or, right, money. And I feel like money is just like an emotionally charged topic. And the reason I decided to really build a financial wellness company around it is I realized that I can't just talk about dollar signs all the time. I have to integrate it to really
00:01:55
Speaker
a self-care and how it really de-stresses you on a daily basis to really address this type of topic.
Impact of COVID on Financial Wellness
00:02:03
Speaker
So more recently I've been focused on addressing clients at a larger scale, so employee wellness programs. What I've noticed coming out of COVID and this more recently is really about importance of companies to double down on the resources that they have for employees.
00:02:23
Speaker
Yeah. Mental health, right. I think command moving everyone was given a screen all day, whether it's working remotely day trading, et cetera, et cetera. And I think companies started to realize that with this new remote hybrid back in office type of world that we live in, they really need to invest into resources for their employees to become compelling leads to work. So that's definitely something that I started to grow my business in. Yeah.
Influence of Immigrant Background on Finance
00:02:53
Speaker
That's incredible. I, it makes me wonder, you know, what was your relationship like with money when you were growing up? Is that something that your parents taught you about how to, what was your, what were their perspectives when you were just learning about it when you, in your childhood? Yeah, it was definitely very complicated. I would say my parents aren't immigrants. They came here. They really emphasize that.
00:03:21
Speaker
You get a good education and the money will come. And then you say, they save every penny, right? I feel like my relationship with money started from very much a scarcity mindset, where I felt like every dollar that I earn, I have to put away in the bank, right? And it wasn't until I graduated from college and I was tapping student loans because they went to Barton College, which I've been in the news of being kind of out there with the Ivy League pool.
00:03:50
Speaker
with a very cranky, hefty tuition. And it was very expensive out there. And my parents wrote the mindset that they went to college where it was free and then just got really good grades and translated that to, or not translated, but pivoted over to getting a good job, right? So for them, success was get into any school, get the grades and the money
00:04:19
Speaker
Whereas I start to see things a little differently where I really wanted to work on a Wall Street and get a high paying job and invest in banking. And I was kind of in this world where you went to school really mattered. So I opted to not go to a university in Maryland on a full ride and instead take on college dad, right? To go to Boston College.
00:04:47
Speaker
And so coming out of it, I realized in this world of finance that so many people went to these Ivy Leagues, but I learned that even though they went to these Ivy League schools and they got from these high paying jobs, my first year at Blackstone in the analyst program, I realized that women just never talked about money, but then all the male
00:05:13
Speaker
counterparts around me would talk about their desktop ideas, talk about the latest credit card points that they had or the latest credit card that would give her the most points. And I realized that there was this growth mindset that was missing, right? So I've mentioned that I had this scarcity mindset and growth mindset was missing and that there was kind of the investment side of it, right? And when you invest money, this guy is really the living, right? Of course you have to understand
00:05:40
Speaker
risk management, the downside of every and nothing opportunity. But that's why I truly started to gain an appreciation for balancing. Yes, you do have to stay thought of it, but also the gross side of it is how can I make my money work for
Advice on Investing and Growth Mindset
00:05:56
Speaker
me, right? And my juice had started to flow when I was working in black and being surrounded by all this information around how hedge funds made money, what the S&P was,
00:06:07
Speaker
And from there, I went across the street one day to talk to a fidelity representative to open up a brokerage account and started investing my money. Yeah. How old were you when you first started investing? I probably was about 22 years old when I started investing. Up until that point, I had money in a checking account and fees that paid. Not that much. The interest rates were pretty good, but
00:06:35
Speaker
Still, at the age of 22, that's when you're able to take risks, right? Because you have a lot of future and time ahead of you to make up for any lot there. And presumably a lot of years have been coming. And if you happen to have any stats on what it's like, if you were to invest your money versus just put it into a savings account, if you have any information on how to think about how much someone should put it in savings, any best practices. Yeah, yeah. I want to think of
00:07:05
Speaker
how to map this out in buckets. So the younger you are, the more you can take risks. And when I talk about buckets, I talk about money that you need today, right? So the next couple of months, money that you'll need in one plus years from now. So let's say one year, two, three to five years. And then money that you need when you no longer want to work anymore, right? Yeah. And on the club side, someone may not want to hire you if something happens, like God forbid you're older and you have an illness.
00:07:35
Speaker
or some sort of setback that takes care of the workforce. Oftentimes people think about the money that you need now as an emergency fund, which is something that could be readily accessible that you just go to the bank and lump the cash, right? So that's what should go into a checking account or a high yield savings account or something where you can pull your money without paying account, right? But really think about it as, okay, this is the capital that you have to pay your bills now, put that in your checking account,
00:08:04
Speaker
the money that you need to be on in a couple months, but that is something that yields you, whether it's a CD or a high yield savings account, or buying treasuries in your brokerage account. That money should basically be making, that means what inflation is, which dictates your purchasing power, right? So right now the yield for high yield savings is pretty high. It's more than five percent. And to be able to get paid five percent on treasuries,
00:08:30
Speaker
that is backed by the US government and secured by the FDIC up to $250,000. So if you have that to cover your expenses beyond current, which is the next couple of months, that's bucket number two, right? And then people get kind of like, hey, we'll have a retirement or if I want to buy a home, et cetera, right? So I think the brokerage account is kind of your median horizon.
00:08:58
Speaker
Right, so if you're not gonna buy a home for let's say a couple of years, five years, depending on what your risk is, depending on what your income needs are, right, or what your income levels are as well, you can go and in a very easy way buy a low-cost index fund. A low-cost index fund may attract the index like the S&P, right? And I grew up to saying that the S&P equals the stock market equals gambling,
00:09:27
Speaker
I don't know if you've heard that from a lot of people. There's actually a statistic in the Wall Street Journal, right, when the COVID hit that only 24% of women invest in the stock market. Which to me was alarming. 76% of women are not investing where they're doing. They're either putting it in cash, spending it, or whatever it may be. But the thing is that a lot of women and people, not just women, but a lot of people don't realize that
00:09:57
Speaker
not investing your money is worse. I think that's a really good way to put it. It's not just that you're not making money. You're also losing out because the economy and inflation is growing so much. So your money is actually worth less, right? Right. So when I say inflation, the easiest way to explain that, right, for those that don't have any economic background is just purchasing.
00:10:20
Speaker
So if you have $1,000 sitting in a checking account making you nothing or maybe 0.00001%, that $1,000 buys you less copies in a year than it does today. Right. Right. Because Starbucks is increasing their price of the copy by even a dollar, right? On a percentage basis, that's meaningful. But if you keep your money just fixed and something that's not paying you that same percentage increase, then your purchasing power has gone down a year.
00:10:50
Speaker
That's why I like to double down on this notion of growth mindset, because the growth side of it is way more important than having the save, save, save, save, right? Because I always say you can only save as much as you are. But when you don't last, there is no save, right? And again, having understanding the downside. But going back to time horizon, truly time is on your side. So when you're 21, 22 years old, when I first started,
00:11:19
Speaker
Even $500, $100 a month, whatever you have,
Financial Literacy and Adapting Strategies
00:11:24
Speaker
right? Leftover that you can put into your retirement accounts, like an IRA, a 401k, the compounding effect and making interest. And again, these are accounts. You have to fund the account, but you also have to select the investments. A lot of people fund the account and think about investing. No, you put money into an account, but now you have to buy the investments, right? Just like for
00:11:46
Speaker
put you put into a stove and you enjoy on the stove, right? So yeah, you still have the money sitting in an account, but you have to go out and actually buy the low cost and next ones. Now, when you do that at an early age, you could put just a little bit on a very good current basis, invest the money. And even if you only make five or 6% a year, you essentially could be a millionaire by the time you retire, because you have that compounding effect over decades.
00:12:14
Speaker
Right. And you don't even have to think about it, but think about what we've spent $100 on. Right. In New York City, I'm in San Diego. So it's very sensitive to live here as well. Yeah. That pays for dinner sometimes for a water TV. Right. So just before going back and just making small changes and being a little bit conscientious, I think can go very well. Whereas I think a lot of people fall into the trap of being overwhelmed and they think they have to make all this money and win a lottery.
00:12:43
Speaker
in order to become wealthy. But it's really the habits that I like to instill in my clients over time. Yeah, that's incredible. I want to take a step back and just ask, who taught you this? And have you now maybe taught this to your parents? Yeah, so it's funny, my dad's child also would say that I would grow up going back to my childhood. I remember in high school and college, you know, I would wake up and go the night so get a drink.
00:13:11
Speaker
and see my dad on the screen, checking the stock market, like Asia, thinking about his portfolio. And I always thought that you had to actively day trade in order to build well. But the notion of buying an index fund, which traps, say the S&P traps the US markets, right? You're essentially buying a share of businesses profit. So for example, the S&P includes Apple's involved, the big tech companies, right? When you buy a share of index fund,
00:13:41
Speaker
you're participating in the profit, so every time phone buys an iPhone, an iPad for Gmail, right? A sliver of that goes into your pocket as a shareholder, right? And we survived every single catastrophe in US history. So the FNP went live in late 1920s, early 1930s. And since then, we've seen two pandemic, right? So the recent one being COVID,
00:14:10
Speaker
We've seen war, we've seen multiple stock market corrections. But if you look at the charts, the U.S. economy is always expanding and trading upward on the long-term basis. So going back to when I saw my dad day trading, I thought to myself, going back to de-structing your money, you just have to really bet it and forget it, right? Buy the index line, keep adding to it, and over time, and your time time has been long enough, you don't grow your money. So my dad kind of conceded recently that
00:14:39
Speaker
He was very impressed and surprised that I caught on because I really just started reading financial literacy books in my early 20s. My first job out of college was at Deloitte in Honolulu, Hawaii. And I sat on the beach and started reading books. Fast forward a couple years later, my mother was diagnosed with a very severe neurological disease and I left black dinner to be her caregiver. So that was kind of my next holy crap moment, right? I don't have my,
00:15:08
Speaker
high six-stater income, and now I'm living off of my savings. But because I've sort of set up this plan, and yeah, I was taking away withdrawn from my savings and my investment. But remember the buckets, right? Throughout this time, I had kind of the longer term horizon bucket, anything beyond a couple months, working for me, right? And yeah, I had the privilege of working in finance, so being close or higher, but the key thing is that
00:15:37
Speaker
making money, managing money are two different skill sets. And I was able to tap into really the cushion I had because I've managed my money. Something that really sticks out for me that I relate to is this memory of being a first year fresh out of college and realizing that it was only the men that would talk about money or credit cards. And I think as the daughter of immigrants, I more closely, because of my money anxiety,
00:16:05
Speaker
resonated with the conversations that men would have around money because I was so obsessed with that level of security. Then I related with how some of my female coworkers thought about money. And I now struggle when other women that don't necessarily come from that background ask me how I got started investing at such a young age, which I was also 22. I just felt like I needed to. I don't know how to translate that. So when you're communicating with women,
00:16:34
Speaker
How do you get them to convert to believers that they need to be serious about managing their money? Yeah. So that's a really great point that I'd like to address why I launched to equity and the money coaching and notice the keyword is coaching and not advisor. Right. So the difference to what equity does, what financial advisors do is I hold you accountable towards your goals, right? Work your goals.
00:17:02
Speaker
And I hold you accountable to execute
Conversations and Barriers in Women's Finance
00:17:05
Speaker
those goals. And it's all the DIY approach, right? So it's never a situation where my clients give me X dollars and I build a portfolio of stocks, right? That is something a financial advisor does. And the fancy word that I'm using the investment industry is the word discretion. So my clients have all the discretion and I do not. I just hold them accountable towards what they tell me their goals are.
00:17:30
Speaker
and kind of unpack and uncover what it is, whether it's building an emergency plan, funding it for a Bridget Carol, getting started to investing, saving for a house, thinking through mortgage rates, paying down student loans, coming up with a plan. And when you sort of break it down, it's less daunting because you have someone like me supporting you and a trusted partner, right, to explain very,
00:17:58
Speaker
seemingly complex topics, very simplistic way. So I noted in COVID, there was a lot of, they call it influencers and they were great stars, but, you know, Vivian too was great for your GFF, for example, Sally project launch years fired COVID for FinTech LNF. And that's great. But for me, I'm almost, I see myself in kind of between Vivian and Sally, right? I think of me as your money brand that,
00:18:28
Speaker
kind of takes it to the next level to be there and actually coach a community for women around talking about learning. So we'll get to this later about what my vision is going for. But to answer your question, I really open up women by telling me about their childhood, just how we started this conversation. What were your traumas around money? What were your anxieties? What are they now? Right? So women tend to be
00:18:57
Speaker
What I use, the psychological trim I use is avoidant, right? They just don't want to talk about, they don't want to deal with it. And there was a statistic actually that Valley Project had used about how I think 60% of women would rather talk about their own death than money. Yeah, some alarming statistic, right? I've noticed personally that I'm the only one. One of my friends told me at the dinner table once at a restaurant that
00:19:23
Speaker
She's like, you talk about money a lot. I think it was just very jarring for her. And I didn't think it offensively. It's just more that for me, like an aha woman, that we need to open up the conversation that it should be okay, right? And this kind of unpacks a lot of other systemic or societal issues where it just is like the gender pay gap, right? So how do you know how much your work in a professional setting, your salary needs and such,
00:19:52
Speaker
if you don't talk about it, right? One's intend to not negotiate and then tend to overestimate their worth, ultimately able to negotiate higher salaries. But that's the same concept that's applied to when I go back to the growth mindset, how to grow your wealth, right? I think it's right that we fight for women to get board seats, leadership positions, promotions, et cetera. But at the end of the day, I think what levels the playing field a little bit and brings equity
00:20:21
Speaker
is level of playing field of money, right? I want to see a lot of women understand that they can do it themselves, right? By just really understanding a lot of fundamental concepts that there are many women that are much smarter in math sciences, but just don't tackle this very fundamental topic of financial literacy. So my goal continues to be
00:20:48
Speaker
opening it up, opening up that forum, building the community and really just say,
Generational Wealth and Intentional Spending
00:20:54
Speaker
Hey, it's okay. Let's, let's talk about it and let's motivate each other so that we can ultimately de-stress and really being guided.
00:21:02
Speaker
and ultimately live life on our terms. It's open to talking about money and I think it goes well. Yeah. I think another thing is income gap. It almost, you almost remind me of like My Rich Dad, that financial literacy book. You kind of like My Rich Dad, but in the form of a friend, a mentor, and someone who can unleash the secrets that a lot of
00:21:25
Speaker
people from wealthier backgrounds have with their parents or their parents open up a brokerage account for them and then get them started. So you're kind of breaking that down a little bit. I think generational wealth is definitely, but it's definitely an advantage for some people, right? But it started somewhere, right? So who can't say that you can't create generational wealth now. Yeah. And it all starts with the conversation and having the knowledge and the next year.
00:21:53
Speaker
And I don't think you can create generational wealth as a salaried employee and just save it. Like you kind of have to invest. Right. Not kind of, you have to invest, right? It's, it's, it's, think about it. You and all of your peers make the same money. What's going to make the distinction and who builds the most wealth is people who invest. There is a theme component, right? Cause you need some capital and start, you can't spend all of it.
00:22:19
Speaker
But for me, it's tackling kind of that art of balancing your happiness, what your consumption needs of, I use the word intentional spending, right? What really brings you happiness and adds to your daily wellness, spend the money on it. Don't have, don't, don't feel like you need descriptive say for young, but then going back to the bucketing, sit down once you sort of paid yourself, right? Just creating that long-term well.
00:22:45
Speaker
Go ahead and go enjoy your money. So in the bucketing system, I set aside an album. I'm agreeing with you as my client to just ignore the money stress-free because you've already paid yourself. No, the other buttons that we discussed. Thank you.
00:23:01
Speaker
Yeah. You know how everyone is kind of coming out with these new female specific tips? Because we've realized that one size really does not fit all amongst the genders. Like with meditating, women are supposed to meditate differently than men are. Or it's been discovered that fight or flight is not necessarily a response that women have. It's more like, go nurture others or request a gossip session with your friends. That's more how we react to stress.
00:23:28
Speaker
And you touched on this a little bit in talking about how important it is to understand underlying childhood trauma in a woman's relationship with money. But are there other ways that you kind of talk this whole complex thing that's not just tee you up into this or the way that men think about investing? What are more women-centric ways to demystify it? Yeah. So kind of when I have my, I called my discovery session at first.
00:23:57
Speaker
There's two parts to it. There's some numbers, right? I just need a snapshot of, okay, where are you in your life? What are, think of things with like a balance sheet, right? There was a financial part of this intake. Just for me to understand where you are, right? And address what it is that I can help you drive. The other side of it is the intake questionnaire for the behavioral side, right? So in addition to understanding your history and your childhood around how you were raised to think,
00:24:27
Speaker
I ask very relevant topics of how are you thinking now, right? What are your goals? So I try to really understand the past, the present, and the future. And I think it takes me probably a big part of this discovery session to understand how to engage and speak to my client, because even within the gender-specific category, right,
00:24:55
Speaker
Everyone has such different triggers to how they respond. I think there are some women that even have triggers that are similar to men, right? It's almost therapy, right? So I'm kind of part therapist, part friend, part coach, and also part academic professor in all of this. But I think I spent a lot of that time in the discovery session to create a faith base
00:25:24
Speaker
ask questions that I think are necessary. I think listening is very important too. Because at the end of the day, I found that women just need to build that trust and that comfort of knowing that they can talk about it. Whereas guys don't necessarily need to build that at first and they just go, right? They just talk. That's why I kind of uncovered this niche of coaching because it's kind of that step before you even
00:25:51
Speaker
choose to invest or do anything to your money or delegate it to someone else. I've had definitely a lot of clients say, this is really not for me. I'd rather not deal with that and cost someone else to it, right? And that's actually when I would still come in and say, that's great, but just make sure that the fees you're paying make sense, right? So let's go do that. And you should still be involved, right? So no matter what, even if you choose not to see, at least understand what's happening.
Learning from Financial Mistakes
00:26:20
Speaker
with very basis. So I don't know that answer your question, but it's really just this nuanced approach of building trust, listening, and then having a conversation around it. No, I think it's the realistic answer. It's so on a case by case basis. Yeah. Yeah. And I think the most important thing is not coming across as having judgment. Right. But I, I, I allow myself to be vulnerable and this is how I bought here.
00:26:50
Speaker
I still ask a lot of questions, even in my job with things that I probably should know, right? But it's kind of having that openness and the vulnerability to be able to talk about what mistakes you've made, what goals you're trying to achieve and how can you get there. Yeah. Yeah. I think it's just so important to be able to talk about it because we will spend the money to go to the gym, hire a trainer.
00:27:18
Speaker
Right. We'll take all these probiotic pills, all these types of meditation, buy a new outfit so that we're only photographed once on social media for each new event. Right. But what was always very taxing to me is we won't spend the time and the money literally to invest in ourselves in a topic like financial wellness that drives every other part of your life.
00:27:47
Speaker
Right? Like, I don't wake up thinking, okay, oh my God, I sent all this money this week. Or how's this, how's my portfolio doing today? Right? I think that's a little bit overkill than most, but whether or not you're conscious of it, money stresses you out in some way in a very underlying or a very outward way, depending on how you're thinking about it. So my whole idea is to build these natural conversations and these routines and these habits automated, right?
00:28:16
Speaker
so that you don't have to proactively stress that. And one of the things that you mentioned offline with us is that you don't have to be women like us who have worked in finance jobs in order to be able to take control of your bank account. It doesn't have to be tens of thousands of dollars at your throat. You're putting it at one time. And one last question I wanted to ask as part of humanizing all of us, have you made any money mistakes and what did you learn from it?
00:28:45
Speaker
Oh, I very guilty even from the beginning in my early twenties to even as recently as when COVID hit and we sat at home and had nothing to do but buy stocks and watch TV and you know, binge eat and stuff. I did get caught up on, okay, there's everyone at home doing all these things like gambling, doing a lot of things over in their stock account. And there was definitely investments that I needed that.
00:29:14
Speaker
I thought was what I call a momentum play that was only happening because of all of the obsession of buying the meme stocks and such. But the key thing is that going back to bucketing, I thought of that as, okay, there's a very small percentage of my portfolio, which I'm okay with the same, right? So let's say it's 1%. Let's think about it, even what people allocate to, let's say cryptocurrency. If this 1% goes to four or 5% of my portfolio, that's the name. It's made from 1% to 4% to 5%.
00:29:44
Speaker
multiply too many times over. But if it goes to zero, I've only lost 1%, right? I don't see that necessarily in this state, but it was definitely more of a high risk strategy. But I definitely, when I was in my early 20s, thought that stock picking was the key to building wealth. When studies after studies show that your asset allocation was just a fancy word for saying investment there, right?
00:30:13
Speaker
off the bond in real estate, your asset allocations or your investment index is more important than any single stop idea. Right. So I've definitely bought things that maybe I've already knew nothing about the company. And it ended up being a non-probable company. And that just completely changed. Right. So I definitely did the Peloton trade during COVID. But what I learned the difference between when I was in my only 20s and what I did during COVID a couple of years ago,
00:30:42
Speaker
is I don't put all my eggs in one basket, right? Where in my early 20s, I would put a big chunk of my savings into the one stock. And that was not a good idea. But guess what? I was 21, 22 years old. I had time to make up those losses. But I did learn and I did grow up a bit. Yeah.
Philosophy on Intentional Spending and Personal Purchases
00:31:01
Speaker
And well, on the more fun side, what is your favorite investment or purchase? Doesn't have to be a stock? And why? I like to use
00:31:10
Speaker
One of my favorite words when I do is intentional spending. I would say my favorite purchase slash purchase is my recent trip to Korea. So Seoul is the capital of Korean. Korean skin care right now is all the rage, right? They're way more advanced, the quality of the products, everything I think are just far, far ahead of the US. And it's really budget friendly to buy
00:31:39
Speaker
in skin care. So when I was there, I loaded up on just a lot of skin care products at the store called Olive Young. It's basically like Sephora for skin care. I spent a lot of money, but guess what? I don't need to go to Sephora for two to three years. For me, A, I save money on a per-product basis. B, it makes it really happy to have good skin, right? And this all plays into my wellness.
00:32:06
Speaker
Yeah. You're saying it's amazing, by the way. But it's just, I have my routine in the morning that gets my day started. And I, when I decompress and get ready for bed. So while I think some may think it's excessive to have so many serums and so many moisturizers, so many sheet masks, I view it like, okay, this is an intentional thing for my wellbeing and it's money well set. So that's definitely my favorite piece of purchase. Okay. Any specific skincare products that maybe we can get on like YesStyle?
00:32:36
Speaker
that you like? Yes. So contrary to what consumerism has told us that we need XYZ, everything under the sun, these 10 step routines, there's actually only hand full ingredients that you need to incorporate into your daily care that actually work, right? One of them is vitamin C, the older you get, the second is retinol, sunscreen, and an exfoliant. So the, I believe it's called dopamine, this one, AHA,
00:33:06
Speaker
ingredient in products. And I think social media and consumerism, they make money because they brainwash us to think that we need all of it. But really, you need to blow it down to those ingredients. And I wear sunscreen every day of the year, regardless of whether I'm inside or outside. And vitamin C is very important. You need to use that once a day.
00:33:35
Speaker
Rednall, when you get to my age, I'm 39 years old, you need to incorporate that into your anti-aging routine as well. So it's all about prevention. And in Korea, I was able to sort of expand my little collection to have different varieties of each of those categories. So not just one product, but the ingredients. Like a sweet. Yeah. Yeah. I love it. Financially savvy, even with your skincare. And when you're in Korea, you get
00:34:03
Speaker
10% tax back on beauty products. It's girl math. You're saving money by. Exactly. Right. And so I, it brings me joy. I like it. It makes me feel good day to day. I, I bucket what I spend intentionally
Conclusion and Farewell
00:34:21
Speaker
on things. I improve my daily wellness, right? So for me, it's fitness, beauty products. It's knowledge. These are all things I'm not afraid to spend on. And the food.
00:34:30
Speaker
Fantastic. Well, thank you for sharing your financial tips, your beauty tips. Thank you so much for spending your time with us, Tina. Yes. Thank you so much for joining us, Tina. Your story is so inspiring to everyone. Thanks for tuning in today. We're at Pretty Invested Media everywhere and we will see you next time. Thanks, Tina. Thanks, ladies. Bye, guys.