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 😊

Never let a good crisis go to waste – The new evolutionary phase of the economic system.

Welcome to Finance and Fury – Last year through September, October and November – was running through the future of the economy – was looking at this through a few episodes – interesting to see a lot of what was discussed playing out now In those episodes – went...

Wars and the original purpose of Central Banks

Welcome to Finance and Fury, The Furious Friday Edition.  Today is an interesting episode - Central Banks and Wars – Often wouldn’t think of these two together – What is the purpose of a central bank? Financial stability, a lender of last resort, to smooth out the...

If the future of money is crypto currency, why might Bitcoin be a trap?

Welcome to Finance and Fury, Last Friday – new monetary reset might be going digital Today – Dive into Cyrpto/BTC potential traps of the future – The potential regulation and eventual centralisation of Cryptocurrency at the nation-state level – i.e. domestically in...

Furious Friday: Do you work full time? Are new tax cuts only going to the “top end of town”? Is this “selling Queenslanders out”

Furious Friday Do you work full time? Are new tax cuts only going to the “top end of town"? Is this "selling Queenslanders out"? Welcome to Furious Friday… The Tax Bill has Passed…Yay! Now, let’s clear up a little misconception floating around, we’re going to talk...

Furious Friday: Is social media at a tipping point?

Furious Friday Is social media at a tipping point? Today we’re looking at the market environment for Facebook, Google, Twitter, YouTube etc… their costs are going to far outpace what their revenues will be. Are they on their way up, or on their way down? EU copyright...

How do you know that the share markets are likely to be in for a collapse?

Welcome to Finance and Fury Last week - The lead up of markets in relation to complexity theory – phase transitions and feedback loops in markets https://financeandfury.com.au/how-to-analyse-share-markets-by-treating-them-as-a-complex-system/ Today – look at the...

Accumulating wealth and the steps to take in preparing for Financial Independence and funding retirement expenses

Welcome to Finance and Fury, the Say What Wednesday Edition Today's episode is about building wealth and getting ready for retirement Keeping with the Theme – Solving the economic problems Using the resources you have (income, savings, equity, etc.) to get what you...

Furious Friday: Could gender pay gap regulations hurt women more than help them?

Furious Friday Could gender pay gap regulations hurt women more than help them? Welcome to Finance & Fury, the Furious Friday edition. Today’s episode is all about the drive to equality. A recent proposal by the Labour Government is to force equality through...

Say What Wednesday: Considering refinancing your mortgage with a smaller online lender?

Welcome to Finance and Fury, the ‘Say What Wednesday’ edition. Today I’m here with Jayden! Today’s question comes from Gavin, “Is there anything to be considered when looking at refinancing mortgages with smaller lenders that run their business online like...

Why do we look to be in a Property Bubble?

Welcome to Finance and Fury, the Furious Friday edition. Today we have a pretty good episode! (I find this interesting at least, so I hope you do too) – We’re talking about the Australia Property market, specifically the property bubble. How monetary policy has...

Pin It on Pinterest

Share This