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 😊

How do you identify a scam, before ASIC or the regulators do it for you?

Welcome to Finance and Fury, The say What Wednesday edition where we answer your questions, and sometimes questions from people from the gym – such as today Is this a scam – moneysmart have a page on this – which is good resource – give a quick summary of this – but...

The deal with proposed Changes to Franking Credits policy

Say What Wednesdays The deal with proposed Changes to Franking Credits policy Welcome to ‘Say What Wednesdays’, this ‘Say What Wednesday’ is brought to you by Adam and Tate, they both asked separate questions about the Franking credit issues and just to help clarify...

Options for reversing the “big bang” deregulations and the economic reliance on central banks.

Welcome to Finance and Fury, the Furious Friday edition. Does the Government need to solve economic problems? Do central banks solve economic problems? If so – how? These are honest question that do need to be thought about - there seems to be this growing thought...

Say ‘What’ Wednesdays: Is it time to jump ship? Should you sell your bank shares?

Say 'What' Wednesday Is it time to jump ship? Should you sell your bank shares? Today’s question comes from Jake. He asks “should I sell my bank shares, given the recent fall out from the royal banking commission?” IMPORTANT: This episode comes with a general advice...

Gold as a portfolio hedge – Why is the price rising and what are the methods of accessing gold?

Welcome to Finance and Fury,   Today – next gold rush – Final part of capital preservation – Allocation as a hedge for a financial meltdown - should preserve capital, withstand market volatility, and provide diversification across a portfolio Gold – an asset...

What are Commonwealth unfunded superannuation liabilities and who do these benefit?

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Douglas: “Long time listener of your Podcast and it has great insights and thought-provoking ideas. Can you dive deeper in to who are the beneficiaries of the Future Fund from...

Say What Wednesday: The tax implications of investing in shares; owning, holding, selling, dividends

Say What Wednesdays The tax implications of investing in shares; owning, holding, selling, dividends Welcome to Finance & Fury’s ‘Say What Wednesday’! Today’s question is from John; What are the tax implications of investing in shares, owning, holding, selling,...

(Intro Series) From ‘Puzzle’ to ‘Map’

Intro - Episode 3 From 'Puzzle' to 'Map' Welcome to the 3rd part of the intro series for Finance and Fury. Today let’s start with a bit of time travel. Picture 1500’s, London. All the guys have hipster like facial hair, accessories, the big beards, the little curly...

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...

What factors will make property prices rise in Australia?

Welcome to Finance and Fury On the last episode – looked at signs property prices will be high Today – continue and look at based on these factors - Will property prices keep going up? First – recap of the Tell-tale characteristic to be able to tell if property prices...

Pin It on Pinterest

Share This