Happy New Year! Welcome to Finance & Fury’s Say What Wednesday. It’s been pretty quiet on the question front, I’m guessing with everyone away over the holidays… so today will be a quick episode covering the number 1 question I got all of 2018 but never answered – Sponsorship.

 

I get one or two emails a week from companies looking to promote products/services and everyone I talk to asks me why I don’t advertise? Do I make any money from sponsorship?

 

The quick answer is no, and I never plan to.

 

  • Preface – I don’t have anything against advertising. Lots of people now make their living from Youtube, Podcasts, etc. I think it is great. It’s the free market in action and allows people to make a living.
  • Podcasting started as a little side project.
    • I get bored pretty easily, so it was something to do nights/weekends. I enjoy doing this. Helping to educate people, talk about topics that don’t get covered very much.
    • I get to learn as well. Thankfully the personal finance topics don’t need be researched (otherwise I wouldn’t be good at my job), but the topics on politics, economy, history, psychology, I research because I want to make sure I know what I am talking about.
    • As a bonus, I don’t have to rant about this stuff to my friends/family – so I think they enjoy me doing it to.

 

Reasons I don’t want to do sponsorship.

  1. Never intended. I don’t need the income.
    • This might seem hypocritical as this whole podcast aims to teach ways of increasing your income.
    • I don’t intend to stop working – I’d have to start doing 3 podcasts a day to avoid going insane.
    • Wouldn’t it help to boost income? Yes, but ironically money doesn’t factor into the motivation.
  2. Cost/Benefit – How much would I earn, versus all the other cons.

The cons:

  • Don’t know the products/use them
  • Get it with professional referrals – risk to give recommendations on things if they are bad, and I don’t want the client to have bad experience
  • It discredits me if product is bad. Most requests for sponsorship are for financial companies/investments/platforms.
  • There are strong regulations around adviser kickbacks and I don’t want to have any conflicts in advice
  • What if the product tanks? This is also why you rarely hear me talk about specific investments; they might be good today, even tomorrow, but what about 1 year from now? People listen to these episodes at different times
  • If I personally don’t really believe in the product it’s not right to promote something I myself don’t use.
  1. Corporate interests – My content then has to be ‘advertiser friendly’
    • This used to be just naughty curse words, now it goes further and can restrict what you talk about
    • I want carte blanche – I want to speak my mind. If you haven’t noticed, do bash on some things sometimes.
    • It’s a slippery slope – it starts with small concessions, even self-censorship. Sponsors can control what you say.
  1. I don’t want to do it to you guys
    • Personally don’t like sitting through other podcasts constantly plugging various products and companies.
    • The whole point of this is to educate you guys and sponsorship wouldn’t help with that. This is why I scratched the intro – I don’t want to waste your time.

 

If you have any questions from Monday’s episode – what do you want to know to help achieve your goals? Or even how to get goals in place? Hit me up on the contact page 😊

What allocation has the most consistent returns?

Welcome to Finance and Fury. Sorry for the sporadic episodes – flat out with EOFY - In this episode we look at different asset allocations and how they have performed over time in relation to their returns as well as their risk – with a final focus on their risk...

Where to invest in a world where major asset classes are artificially propped up by monetary policy?

Welcome to Finance and Fury, the Say What Wednesday edition. Policies that governments and CBs have implemented that affect asset values Relates back to Ryan’s investment thesis - As a millennial I understand that the government has to do their best to keep the ageing...

What economic factors affect the economy and how do these affect our daily lives?

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Raj. “I would love to have an overview of how certain economic factors are interlinked and impact economies: Inflation, Forex rates, Oil prices, Trade imbalances, Fiscal deficit,...

What does the future of the economy look like?

Welcome to Finance and Fury, the Furious Friday edition. In today’s episode we look at what the future of the economy looks like?   First – I want to say a massive thank you to everyone who has given great feedback and your support – many of you have reached out...

The circular economy – The greatest barrier to competition and choice, or the saving grace for our futures?

Welcome to Finance and Fury, the Furious Friday edition Last week - went over partnership programs and potentials for coercive monopolies – today – implementation of policies in the circular economy – SDG12 Today’s ep – go through google and the largest companies on...

The magic trick to paying off a mortgage in a shorter time frame

Episode 24 The magic trick to paying off a mortgage in a shorter time frame In this episode we discuss the magic trick to paying off a mortgage in a shorter time frame, to save thousands in interest costs. The trick is that there is no magic trick - plain and simple....

How to not get tricked by election promises!

Welcome to Finance and Fury, the Furious Friday edition This is a continuation from this week’s Say What Wednesday episode, in part one on Who to vote for? Check it out here. Part 1: Political culture Tribalism 3 main parties policies and promises Today: How to tell...

The future landscape of your superannuation accounts and the rise of the “megafunds”

Welcome to Finance and Fury. The future landscape of superannuation – the rise of megafunds through compelled mergers Numerous bodies, including regulators and government, have been keen for superannuation funds to merge The merging of several larger superannuation...

Furious Fridays: Wolves in Sheep’s Clothing: How socialism is threatening our amazing country

Furious Friday Wolves in Sheep's Clothing: How socialism is threatening our amazing country Welcome to Finance & Fury, the Furious Friday edition. To start this episode, I want to say just how incredibly lucky we are to be born in Australia during this time, even...

The BIS versus BTC – What are the plans to replace current crypto currency markets?

Welcome to Finance and Fury, The Furious Friday Edition Monday ep this week went through BTC – Went through a monetary reset towards a crypto-fiat system – Today – talk more The BIS and central banks versus BTC and the crypto markets – how are they planning to get...

Pin It on Pinterest

Share This