1 00:00:00,680 --> 00:00:01,000 Speaker 1: Hello. 2 00:00:01,560 --> 00:00:05,040 Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the 3 00:00:05,160 --> 00:00:08,760 Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we 4 00:00:08,800 --> 00:00:11,440 Speaker 2: get started on She's on the Money podcast, I would 5 00:00:11,520 --> 00:00:14,520 Speaker 2: like to acknowledge the traditional custodians of the land of 6 00:00:14,560 --> 00:00:18,680 Speaker 2: which this podcast is recorded on a wondery country, acknowledging 7 00:00:18,680 --> 00:00:22,560 Speaker 2: the elders, the ancestors and the next generation coming through 8 00:00:23,040 --> 00:00:27,159 Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and 9 00:00:27,240 --> 00:00:30,600 Speaker 2: the storytelling of you to make a difference for today 10 00:00:31,040 --> 00:00:32,640 Speaker 2: and lasting impact for tomorrow. 11 00:00:33,320 --> 00:00:34,120 Speaker 1: Let's get into it. 12 00:00:34,800 --> 00:00:39,000 Speaker 3: She's on the Money, She's on the Money. 13 00:00:57,760 --> 00:00:59,920 Speaker 4: Hello, and welcome to She's on the Money, the podc 14 00:01:00,040 --> 00:01:03,080 Speaker 4: calast for millennials who want financial freedom. My name is 15 00:01:03,120 --> 00:01:05,440 Speaker 4: Beck Sayed and with me is Victoria Vivi. 16 00:01:05,720 --> 00:01:08,000 Speaker 1: Ohoy ahoy vic di. 17 00:01:08,200 --> 00:01:11,360 Speaker 4: We are talking today about changing your financial decisions. 18 00:01:11,560 --> 00:01:12,759 Speaker 1: I'm excited about this one. Yeah. 19 00:01:12,760 --> 00:01:14,920 Speaker 4: I'm pretty excited about it too, and I think that 20 00:01:15,240 --> 00:01:18,119 Speaker 4: maybe some of us might need it. Definitely me, that's 21 00:01:18,120 --> 00:01:21,360 Speaker 4: what I know for sure. But something happened recently and 22 00:01:21,360 --> 00:01:23,200 Speaker 4: it made big news. You might have heard about it, 23 00:01:23,480 --> 00:01:25,040 Speaker 4: you might have even wrote about it. In your weekly 24 00:01:25,120 --> 00:01:25,760 Speaker 4: Age column. 25 00:01:25,840 --> 00:01:27,760 Speaker 1: Oh yeah, all right, what was it? So? 26 00:01:27,840 --> 00:01:31,279 Speaker 4: Dan Andrews, the premiere of Victoria, canceled the twenty twenty 27 00:01:31,280 --> 00:01:34,240 Speaker 4: six Commonwealth Games, due to be held in regional Victoria. 28 00:01:34,280 --> 00:01:35,320 Speaker 4: Why did he do this? 29 00:01:35,640 --> 00:01:37,440 Speaker 1: Neah? Why are you going to do this to us? 30 00:01:37,520 --> 00:01:39,560 Speaker 1: I don't know. If you asked the comment section on 31 00:01:39,600 --> 00:01:42,160 Speaker 1: the Age, it's a bit different. Actually, no. I was 32 00:01:42,160 --> 00:01:44,280 Speaker 1: really impressed with how many people are in support of me, 33 00:01:44,520 --> 00:01:49,720 Speaker 1: because it's so often that I post content online and 34 00:01:50,400 --> 00:01:52,720 Speaker 1: mediocy middle aged white men jump into the comment section. 35 00:01:52,800 --> 00:01:55,200 Speaker 1: They're like, what would she know about anything? And I'm like, 36 00:01:55,280 --> 00:01:57,800 Speaker 1: that's fair, that's fair. People are you know? 37 00:01:57,840 --> 00:01:57,960 Speaker 2: What? 38 00:01:58,160 --> 00:02:00,600 Speaker 1: Just keeps me humble? Keeps me humble, And I think 39 00:02:00,600 --> 00:02:04,080 Speaker 1: that's really important. So medio committally aged white men keep 40 00:02:04,160 --> 00:02:08,639 Speaker 1: doing you. You are me needed. We love you, Thank 41 00:02:08,639 --> 00:02:12,639 Speaker 1: you for keeping me humble. But Danny Andrews, yes, he decided, 42 00:02:13,000 --> 00:02:16,680 Speaker 1: do you interesting choice? Moving on? Oh yeah, okay, So 43 00:02:16,720 --> 00:02:18,920 Speaker 1: the twenty twenty six Commonwealth Games were meant to be 44 00:02:19,000 --> 00:02:21,920 Speaker 1: a twelve day sporting event and the original budget set 45 00:02:21,919 --> 00:02:26,440 Speaker 1: for that was two point six billion dollars net. Okay, 46 00:02:26,639 --> 00:02:29,920 Speaker 1: and it has recently been revised to be around six 47 00:02:30,000 --> 00:02:32,840 Speaker 1: to seven billion dollars. So they clearly didn't use the 48 00:02:32,919 --> 00:02:35,359 Speaker 1: Victoria divine budget and cash flow system, did they. 49 00:02:35,480 --> 00:02:36,360 Speaker 4: Someone's not been listening. 50 00:02:36,400 --> 00:02:39,560 Speaker 1: Someone's been listening to the show Danny Boy, Get on it. 51 00:02:40,120 --> 00:02:42,840 Speaker 1: So that is basically a whopping four point four billion 52 00:02:42,880 --> 00:02:46,280 Speaker 1: dollars over budget. I've been like four dollars over budget before. 53 00:02:46,320 --> 00:02:48,160 Speaker 1: I've been forty dollars over budget, and you know what, 54 00:02:48,320 --> 00:02:50,760 Speaker 1: in some instances, I've been four hundred dollars over budget. 55 00:02:51,120 --> 00:02:55,240 Speaker 1: How anybody goes four point four billion over budget not 56 00:02:55,400 --> 00:02:56,040 Speaker 1: very relatable. 57 00:02:56,080 --> 00:02:59,600 Speaker 4: I've never ever been four point four billion dollars over anykay. 58 00:02:59,760 --> 00:03:04,040 Speaker 1: That basically makes it an unsustainable burden on the state's economy, which, 59 00:03:04,200 --> 00:03:07,880 Speaker 1: to be honest, with Victoria's debt forecast currently being at 60 00:03:07,919 --> 00:03:11,200 Speaker 1: one point three five point four billion dollars in twenty 61 00:03:11,240 --> 00:03:14,640 Speaker 1: twenty four and the expectation that it rises to one 62 00:03:14,720 --> 00:03:17,480 Speaker 1: hundred and seventy one at point four billion dollars by 63 00:03:17,480 --> 00:03:20,800 Speaker 1: twenty twenty six to twenty twenty seven, it kind of 64 00:03:20,960 --> 00:03:23,639 Speaker 1: was a decision that needed to be made when it 65 00:03:23,680 --> 00:03:28,680 Speaker 1: came to the games, Like, I totally understand going back 66 00:03:28,720 --> 00:03:31,760 Speaker 1: and saying, you know what this is actually going to 67 00:03:31,800 --> 00:03:34,400 Speaker 1: cost so much more that it's unfeasible now. And I 68 00:03:34,400 --> 00:03:36,840 Speaker 1: feel like that is why I wanted to write about 69 00:03:36,880 --> 00:03:39,000 Speaker 1: it in my article. That's why I really wanted to 70 00:03:39,000 --> 00:03:41,840 Speaker 1: talk about it, because how many times have we committed 71 00:03:41,840 --> 00:03:44,920 Speaker 1: to things beck and been like, oh, great, you know, let's, 72 00:03:44,920 --> 00:03:46,760 Speaker 1: for example, say we're going to go to the snow 73 00:03:46,800 --> 00:03:50,119 Speaker 1: with mates. You've never been to the snow before. One 74 00:03:50,120 --> 00:03:52,720 Speaker 1: thing leads to another, you go, oh, just be like accommodation, 75 00:03:52,840 --> 00:03:54,880 Speaker 1: get up there. You know, won't be too bad, right, 76 00:03:54,920 --> 00:03:57,640 Speaker 1: And then you realize that accommodation the snow is really expensive. 77 00:03:57,880 --> 00:04:00,160 Speaker 1: That's starting to blow the budget. You realize you have 78 00:04:00,280 --> 00:04:03,520 Speaker 1: to hire snowboard or you have to hire skis, and 79 00:04:03,560 --> 00:04:06,320 Speaker 1: that gets expensive. Wow, you forgot there was a lift 80 00:04:06,400 --> 00:04:09,880 Speaker 1: pass involved, and like resort access and all this other stuff, 81 00:04:10,000 --> 00:04:12,160 Speaker 1: and it becomes unfeasible and you might need to turn 82 00:04:12,160 --> 00:04:14,560 Speaker 1: around and be like, oh, guys, I was so pumped 83 00:04:14,560 --> 00:04:18,119 Speaker 1: for this, it's no longer feasible though, Like you guys, 84 00:04:18,160 --> 00:04:21,359 Speaker 1: go have fun, but I can't be involved. Yes, And 85 00:04:21,400 --> 00:04:24,440 Speaker 1: I think so many times there have been situations in 86 00:04:24,480 --> 00:04:27,960 Speaker 1: my life where that has happened, like that exact circumstance 87 00:04:28,240 --> 00:04:31,200 Speaker 1: where I budgeted one thing or it just expected one thing, 88 00:04:31,600 --> 00:04:33,560 Speaker 1: and then another thing happened and I wanted to back 89 00:04:33,560 --> 00:04:35,279 Speaker 1: out of it, but I felt really bad, so I 90 00:04:35,279 --> 00:04:37,120 Speaker 1: thought today it might be a good day to talk 91 00:04:37,120 --> 00:04:40,560 Speaker 1: about how it's actually okay to change your financial decisions. Yes. 92 00:04:40,839 --> 00:04:45,560 Speaker 4: Absolutely, but I am curious as to why so many 93 00:04:45,560 --> 00:04:48,240 Speaker 4: people were quite upset about this decision. 94 00:04:48,400 --> 00:04:51,520 Speaker 1: Look, a lot of people online were not very happy 95 00:04:51,560 --> 00:04:54,279 Speaker 1: with Danny Boy and they were jumping up and down. 96 00:04:54,480 --> 00:04:57,120 Speaker 1: A few journalists said We're never gonna let him get 97 00:04:57,120 --> 00:05:00,000 Speaker 1: away with this, and then the Commonwealth Game's Chief execut 98 00:05:00,320 --> 00:05:03,760 Speaker 1: his name's Craig Phillips, said that the government had quote 99 00:05:03,920 --> 00:05:08,359 Speaker 1: jeopardized Melbourne and Victoria's standing as the sporting capital of 100 00:05:08,440 --> 00:05:13,039 Speaker 1: the world, as well as get this disappointing athletes, the 101 00:05:13,120 --> 00:05:17,520 Speaker 1: excited host communities, first nation Australians who were at the 102 00:05:17,600 --> 00:05:20,480 Speaker 1: heart of the Games, and the millions of fans who 103 00:05:20,480 --> 00:05:23,640 Speaker 1: would have embraced a sixth home Games in Australia. 104 00:05:24,440 --> 00:05:28,400 Speaker 4: I see that's heavy. That's a big call. 105 00:05:28,720 --> 00:05:32,320 Speaker 1: That's a massive call to be like you're a disappointment, yeah, 106 00:05:32,440 --> 00:05:35,120 Speaker 1: and like you know, it seems like it just kind 107 00:05:35,120 --> 00:05:36,760 Speaker 1: of got out of hands, like what are you meant 108 00:05:36,760 --> 00:05:39,480 Speaker 1: to do? I feel like there's a lot of Yeah, 109 00:05:39,480 --> 00:05:42,800 Speaker 1: there's a lot to it, yes, but absolutely a lot 110 00:05:42,880 --> 00:05:45,799 Speaker 1: to it. And I think Danny boy my friend should 111 00:05:45,800 --> 00:05:47,960 Speaker 1: have been baby a little bit better at budgeting. And 112 00:05:48,000 --> 00:05:51,480 Speaker 1: I totally understand the disappointment, right, like it's a loss 113 00:05:51,520 --> 00:05:54,400 Speaker 1: to the athletes as a loss to the community, without doubt. 114 00:05:55,000 --> 00:05:57,599 Speaker 1: But I guess our job on this show is to 115 00:05:57,640 --> 00:05:59,640 Speaker 1: look at the money side of things and why that 116 00:05:59,720 --> 00:06:01,720 Speaker 1: might have been a good decision, and I actually think 117 00:06:01,760 --> 00:06:04,320 Speaker 1: it was a really responsible decision, and I really want to, 118 00:06:04,480 --> 00:06:09,239 Speaker 1: I guess explore that underlying narrative of why embracing change 119 00:06:09,240 --> 00:06:13,480 Speaker 1: should be seen as courageous and necessary, because in this moment, 120 00:06:14,240 --> 00:06:17,040 Speaker 1: this isn't a political podcast. It's not really about whether 121 00:06:17,040 --> 00:06:19,640 Speaker 1: you lack Dan Andrews or not. It's not really about 122 00:06:19,680 --> 00:06:23,080 Speaker 1: whether you agree with his past decisions or not. It's 123 00:06:23,120 --> 00:06:26,040 Speaker 1: more about that was a pretty courageous thing to do, 124 00:06:26,200 --> 00:06:29,559 Speaker 1: because I don't know, Beck, if you're going to cancel 125 00:06:29,600 --> 00:06:31,760 Speaker 1: the Commonwealth Games, you know that there's going to be 126 00:06:31,760 --> 00:06:34,360 Speaker 1: a wrath to follow, right. People are going to be pissed. 127 00:06:34,920 --> 00:06:37,600 Speaker 1: People aren't going to be happy he knew that was coming. 128 00:06:37,960 --> 00:06:40,800 Speaker 1: But I think the cool thing about that decision in 129 00:06:40,839 --> 00:06:45,560 Speaker 1: isolation is that he was putting our community at the 130 00:06:45,720 --> 00:06:48,640 Speaker 1: heart of that decision and going, I don't want our 131 00:06:48,720 --> 00:06:51,080 Speaker 1: state to be in even more debt. I don't want 132 00:06:51,160 --> 00:06:55,080 Speaker 1: our community to be absolutely crippled by this. And the 133 00:06:55,120 --> 00:06:58,320 Speaker 1: way that he articulated it was literally I'd prefer that 134 00:06:58,440 --> 00:07:01,920 Speaker 1: money to go to teachers and nurses then go towards games, 135 00:07:02,240 --> 00:07:04,560 Speaker 1: fair enough, And I couldn't agree more good on. 136 00:07:04,560 --> 00:07:07,880 Speaker 4: Him, honestly, I mean, it would be scary, it would 137 00:07:07,960 --> 00:07:10,400 Speaker 4: be hard, right, I'm wondering, do we have a tendency 138 00:07:10,400 --> 00:07:12,440 Speaker 4: as people to like stick with a plan the more 139 00:07:12,440 --> 00:07:14,840 Speaker 4: we have invested in it, even if it's wiser to 140 00:07:14,920 --> 00:07:15,520 Speaker 4: abandon it. 141 00:07:15,680 --> 00:07:19,560 Speaker 1: Yeah, it's called the sunken cost fallacy. So there's actually 142 00:07:19,600 --> 00:07:21,480 Speaker 1: a thing. It's kind of like where you throw good 143 00:07:21,480 --> 00:07:24,040 Speaker 1: money after bad like I've already come this far, Like 144 00:07:24,400 --> 00:07:26,480 Speaker 1: we've all been there, we've all done it. The sunk 145 00:07:26,600 --> 00:07:30,280 Speaker 1: cost fallacy is essentially a phenomenon, the worst word in 146 00:07:30,320 --> 00:07:33,920 Speaker 1: the entire that is arguably the phenomenon for exists whereby 147 00:07:33,960 --> 00:07:37,560 Speaker 1: a person is relatively reluctant to abandon a strategy or 148 00:07:37,680 --> 00:07:41,080 Speaker 1: course of action because they've already heavily invested in it, 149 00:07:41,200 --> 00:07:44,560 Speaker 1: even when it's clear that abandonment would be more beneficial 150 00:07:44,600 --> 00:07:48,280 Speaker 1: to literally everybody involved. And it is super prevalent when 151 00:07:48,280 --> 00:07:52,720 Speaker 1: it comes to financial decisions. I can relate to this 152 00:07:53,720 --> 00:07:55,720 Speaker 1: throw money after bad. Before I was. 153 00:07:55,720 --> 00:07:57,920 Speaker 4: Gonna do an exhibition, it was kind of one of 154 00:07:57,960 --> 00:07:59,240 Speaker 4: those things you know when you tell everyone about it 155 00:07:59,280 --> 00:08:02,120 Speaker 4: and you feel really satisfied because you told everyone and 156 00:08:02,200 --> 00:08:04,200 Speaker 4: all this money went into it. And then it got 157 00:08:04,280 --> 00:08:06,280 Speaker 4: very close to the date and I told every single 158 00:08:06,280 --> 00:08:08,040 Speaker 4: person that I've ever met in my entire life and 159 00:08:08,080 --> 00:08:10,160 Speaker 4: realized I actually couldn't afford to go along with the 160 00:08:10,200 --> 00:08:12,200 Speaker 4: whole thing, so I canceled it. And it can be 161 00:08:12,320 --> 00:08:18,640 Speaker 4: very very sad and kind of embarrassing. So I'm assuming. 162 00:08:17,640 --> 00:08:20,840 Speaker 1: Embarrassing about that. Thank you, V. You made the right decision, right, 163 00:08:20,920 --> 00:08:24,720 Speaker 1: Thank you. I believe I did exactly. What's embarrassing about that, Well, 164 00:08:24,840 --> 00:08:27,000 Speaker 1: this is maybe how Dan feels at the moment. And 165 00:08:27,120 --> 00:08:31,040 Speaker 1: it feels embarrassing. You're going back on what you had 166 00:08:31,120 --> 00:08:32,360 Speaker 1: already spoken to me. 167 00:08:32,360 --> 00:08:35,320 Speaker 4: Totally, and some people are like, how did that go? 168 00:08:37,040 --> 00:08:39,120 Speaker 1: But also I think it's funny because it's also the 169 00:08:39,240 --> 00:08:41,679 Speaker 1: level of conviction that you are starting with you, I'm 170 00:08:41,720 --> 00:08:44,080 Speaker 1: going to do this exhibition. It's going to be so sick. 171 00:08:44,120 --> 00:08:46,920 Speaker 1: You've got to come totally. You've got to go by 172 00:08:46,960 --> 00:08:49,160 Speaker 1: the way. It's canceled, by the way. 173 00:08:49,559 --> 00:08:52,640 Speaker 4: Whether way here is four hours of everyone's day back 174 00:08:52,720 --> 00:08:53,439 Speaker 4: in their pockets. 175 00:08:53,559 --> 00:08:56,719 Speaker 1: No. I think it's really important though, because if you 176 00:08:56,800 --> 00:09:00,840 Speaker 1: think about the circumstances, let's role play for a hot second. 177 00:09:00,960 --> 00:09:02,839 Speaker 1: If you told me that, do you think i'd meet 178 00:09:02,840 --> 00:09:05,200 Speaker 1: you with like, oh, Bank, that's so embarrassing. I know 179 00:09:05,280 --> 00:09:07,480 Speaker 1: that you wouldn't, but would anybody else? 180 00:09:08,200 --> 00:09:08,880 Speaker 2: No? But why not? 181 00:09:09,040 --> 00:09:11,960 Speaker 4: But just the person in my head would be like wow, wow, Wow. 182 00:09:12,559 --> 00:09:15,280 Speaker 1: Heck, we've got to remember she's kind of a bitch. 183 00:09:17,280 --> 00:09:18,880 Speaker 4: She is everywhere else is a safe space. 184 00:09:18,920 --> 00:09:21,880 Speaker 1: That voice in her head. Ah, don't trust her. She's 185 00:09:21,960 --> 00:09:24,640 Speaker 1: very mean to me. She's very mean to me, like 186 00:09:24,840 --> 00:09:27,360 Speaker 1: my ones mean. I feel like everybody's voice in their 187 00:09:27,360 --> 00:09:29,880 Speaker 1: head is not mean. Like if you wouldn't say that 188 00:09:29,960 --> 00:09:32,080 Speaker 1: to your best friend, why are you saying it to you? 189 00:09:32,320 --> 00:09:36,240 Speaker 4: True's a very good point the rules, But on that me, 190 00:09:36,480 --> 00:09:38,599 Speaker 4: I want to know because I feel like sometimes we 191 00:09:38,679 --> 00:09:40,640 Speaker 4: stick with ideas that aren't good for us in order 192 00:09:40,640 --> 00:09:42,120 Speaker 4: to not be flaky? Is that a thing? 193 00:09:42,440 --> 00:09:45,520 Speaker 1: Yeah, I think that flakiness is I don't know, I 194 00:09:45,559 --> 00:09:48,840 Speaker 1: looked down upon, But I don't see this as being flaky. 195 00:09:49,040 --> 00:09:51,880 Speaker 1: Being flaky is saying oh yeah, Beck, let's go out 196 00:09:51,920 --> 00:09:54,600 Speaker 1: for a drink tonight, and then like five minutes before 197 00:09:54,600 --> 00:09:54,959 Speaker 1: being like. 198 00:09:54,920 --> 00:09:58,360 Speaker 4: Ah nah, yeah, like you can do it, but just 199 00:09:58,400 --> 00:09:59,480 Speaker 4: can't be bothered at You're just. 200 00:09:59,440 --> 00:10:03,280 Speaker 1: Being a little You're just wasting somebody's time, right, Like, 201 00:10:03,320 --> 00:10:06,360 Speaker 1: And I think it's about consistency as well, right, I 202 00:10:06,400 --> 00:10:08,480 Speaker 1: think a lot of the time, you know, if you 203 00:10:08,559 --> 00:10:11,880 Speaker 1: think about a person who has a flaky personality, we're 204 00:10:11,880 --> 00:10:15,960 Speaker 1: looking at an individual who consistently does that. Like, I 205 00:10:16,040 --> 00:10:19,240 Speaker 1: don't think that I would be categorized as flaky even 206 00:10:19,320 --> 00:10:22,280 Speaker 1: if I bailed on you for something, you know, next week, Beck, 207 00:10:22,360 --> 00:10:24,240 Speaker 1: I don't think you'd be like, oh, V's so flaky 208 00:10:24,400 --> 00:10:26,040 Speaker 1: total because that would have been the first time that 209 00:10:26,040 --> 00:10:28,439 Speaker 1: that had happened. And that's okay. But I think it's 210 00:10:28,440 --> 00:10:32,600 Speaker 1: about also how big that decision is. I think often 211 00:10:33,080 --> 00:10:37,520 Speaker 1: we feel super trapped, but it's really about communication. So 212 00:10:37,640 --> 00:10:39,760 Speaker 1: let's use that example of going out for a drink. 213 00:10:39,760 --> 00:10:41,079 Speaker 1: If I said, oh, Beck, let's go out for a 214 00:10:41,160 --> 00:10:43,760 Speaker 1: drink tonight, and you go, yeah, yeah, let's go. Let's go. 215 00:10:43,880 --> 00:10:45,839 Speaker 1: And then I call you later and go, oh, can't come, 216 00:10:46,480 --> 00:10:49,400 Speaker 1: Like maybe you'd think that was flaky. Let's got a bec. 217 00:10:49,559 --> 00:10:51,760 Speaker 1: I actually checked my bank account. I kind of hard to. 218 00:10:51,679 --> 00:10:55,240 Speaker 4: Go different, that's different, that's completely. 219 00:10:55,240 --> 00:10:58,720 Speaker 1: Communication is absolutely key, and I think that often what 220 00:10:58,880 --> 00:11:02,240 Speaker 1: is trapping us in these situations isn't just the money. 221 00:11:02,400 --> 00:11:05,000 Speaker 1: Sometimes it's really the fear of judgment or the perception 222 00:11:05,080 --> 00:11:08,080 Speaker 1: that we are changing our mind around a financial decision 223 00:11:08,280 --> 00:11:10,480 Speaker 1: is embarrassing. And that's how I'm saying to you before, 224 00:11:10,520 --> 00:11:12,720 Speaker 1: Like what's embarrassing about putting future you first? 225 00:11:12,920 --> 00:11:13,240 Speaker 2: Yeah? 226 00:11:13,360 --> 00:11:14,040 Speaker 4: Yeah, true. 227 00:11:14,080 --> 00:11:16,000 Speaker 1: If you can't afford it, why are you doing it? 228 00:11:16,240 --> 00:11:16,800 Speaker 4: Totally? 229 00:11:16,880 --> 00:11:19,000 Speaker 1: And that's an okay thing to do, Like I don't 230 00:11:19,040 --> 00:11:20,920 Speaker 1: think anybody is going to look at you and be like, 231 00:11:20,920 --> 00:11:24,520 Speaker 1: oh my gosh, you didn't do that exhibition for financial reasons. 232 00:11:25,080 --> 00:11:28,240 Speaker 1: Oh And the more you talk about it, the more 233 00:11:28,320 --> 00:11:32,040 Speaker 1: ridiculous it seems. Right, the more you go, that's absolutely insane. 234 00:11:32,160 --> 00:11:33,959 Speaker 1: Like I used to have a car loan right and 235 00:11:34,080 --> 00:11:37,640 Speaker 1: it would lrd over me. It was the worst thing 236 00:11:37,640 --> 00:11:39,720 Speaker 1: in the entire world. It was a car loan stacked 237 00:11:39,720 --> 00:11:42,880 Speaker 1: with some personal debt. She was eight hundred and eighty 238 00:11:42,920 --> 00:11:45,280 Speaker 1: three dollars. I believe each and every single month that 239 00:11:45,400 --> 00:11:48,040 Speaker 1: made me feel sick. But what I can tell you 240 00:11:48,160 --> 00:11:52,680 Speaker 1: is that toxic mindset was keeping me in that position. Yes, 241 00:11:52,720 --> 00:11:54,679 Speaker 1: I didn't want to change. I didn't want to go, Oh, 242 00:11:54,720 --> 00:11:56,840 Speaker 1: I'll get rid of my car. At the time that 243 00:11:56,880 --> 00:11:59,200 Speaker 1: was too embarrassing. Yeah, like I didn't want to have 244 00:11:59,240 --> 00:12:01,280 Speaker 1: to sell my car, so it stuck with the loan. 245 00:12:01,720 --> 00:12:03,360 Speaker 1: If I look back on it, do you know what 246 00:12:03,400 --> 00:12:05,320 Speaker 1: would have absolutely saved my butt back? 247 00:12:06,000 --> 00:12:07,920 Speaker 4: Possibly selling the car. 248 00:12:07,840 --> 00:12:10,720 Speaker 1: Getting rid of the car life, get rid of the car, 249 00:12:11,040 --> 00:12:14,080 Speaker 1: either get a cheaper one, catch the train for a while. 250 00:12:14,320 --> 00:12:16,760 Speaker 1: Do you know how much freer I would have felt 251 00:12:17,280 --> 00:12:21,120 Speaker 1: like not having that loan over my head. Oh, it 252 00:12:21,160 --> 00:12:23,560 Speaker 1: would have been so freeing. But I only see that 253 00:12:23,600 --> 00:12:26,480 Speaker 1: in hindsight, don't know, because at the time that would 254 00:12:26,520 --> 00:12:30,080 Speaker 1: have been mortifying to Who though which one of my 255 00:12:30,160 --> 00:12:32,640 Speaker 1: friends would have cared if I got rid of that 256 00:12:32,679 --> 00:12:35,560 Speaker 1: car or exactly not one of them. But I think 257 00:12:35,559 --> 00:12:38,400 Speaker 1: it takes a lot of courage to confront something that 258 00:12:38,559 --> 00:12:42,280 Speaker 1: is relatively necessary. Yes, have you ever been in that situation. 259 00:12:42,320 --> 00:12:47,760 Speaker 4: Many many a time. Other than the actual like exhibition situation, 260 00:12:48,160 --> 00:12:50,040 Speaker 4: There's been so many times where my friends want to 261 00:12:50,040 --> 00:12:53,360 Speaker 4: go to stay an airbnb or go away for the weekend, 262 00:12:53,880 --> 00:12:57,080 Speaker 4: and I always think I have enough money, or at 263 00:12:57,160 --> 00:12:59,240 Speaker 4: least if I don't have enough money at that moment, 264 00:12:59,280 --> 00:13:01,720 Speaker 4: then I will avengely somehow have enough money. 265 00:13:01,480 --> 00:13:03,560 Speaker 1: To get it terialize right, Yes. 266 00:13:03,360 --> 00:13:06,839 Speaker 4: And I'm always in the worst position. I literally went 267 00:13:06,840 --> 00:13:09,240 Speaker 4: to Sydney with a friend a few months ago, committed 268 00:13:09,240 --> 00:13:11,400 Speaker 4: to everything, had to borrow five hundred dollars from her 269 00:13:11,400 --> 00:13:14,400 Speaker 4: because I just I just gonna happen. It wasn't gonna happen. 270 00:13:14,520 --> 00:13:16,240 Speaker 4: It got to the time where women to take off 271 00:13:16,640 --> 00:13:18,959 Speaker 4: by a car and I was like, I'm so sorry. 272 00:13:18,960 --> 00:13:21,800 Speaker 4: I have zero dollars on me and we make it work. 273 00:13:21,840 --> 00:13:25,240 Speaker 4: But it's always stressful and it shouldn't be just don't 274 00:13:25,400 --> 00:13:26,320 Speaker 4: do it if you can't. 275 00:13:26,360 --> 00:13:29,960 Speaker 1: I suppose I think that's absolutely relatable the amount of 276 00:13:29,960 --> 00:13:33,760 Speaker 1: times historically that I have made or it's sake, bad 277 00:13:33,840 --> 00:13:36,800 Speaker 1: financial decisions, because like, you work with what you've got, 278 00:13:37,440 --> 00:13:40,400 Speaker 1: and if you have different tools and resources, the outcome 279 00:13:40,440 --> 00:13:42,680 Speaker 1: will be different. And that's why I'm so excited to 280 00:13:42,679 --> 00:13:44,640 Speaker 1: sit down with you and do your budget and cash flow, 281 00:13:44,720 --> 00:13:47,680 Speaker 1: like I'm just raring to go and the opportunity. But 282 00:13:47,720 --> 00:13:50,600 Speaker 1: I think it's really important to understand that it is 283 00:13:50,679 --> 00:13:53,960 Speaker 1: eroding your financial stability. And while the smartest decision on 284 00:13:54,000 --> 00:13:56,080 Speaker 1: paper might be do you know, let the cargo or 285 00:13:56,120 --> 00:13:58,000 Speaker 1: not go on the trip to Sydney, or you know, 286 00:13:58,679 --> 00:14:01,600 Speaker 1: you're worried sick about what other people might think, Like 287 00:14:01,640 --> 00:14:04,079 Speaker 1: I'm sure in that moment you were super worried about like, 288 00:14:04,880 --> 00:14:07,480 Speaker 1: can't let my friend down. It's actually better to borrow 289 00:14:07,520 --> 00:14:10,640 Speaker 1: money than cancel the trip because she'll be disappointed as well, 290 00:14:10,679 --> 00:14:14,360 Speaker 1: and then you're kind of overlaying their emotions onto you 291 00:14:14,559 --> 00:14:17,280 Speaker 1: and their experience. And I totally get that, because I 292 00:14:17,320 --> 00:14:19,240 Speaker 1: also think it's kind of important to care about other 293 00:14:19,280 --> 00:14:22,760 Speaker 1: people at the same time. But if you're only just 294 00:14:22,800 --> 00:14:26,160 Speaker 1: got the car, surely you can't just give it up 295 00:14:26,160 --> 00:14:27,400 Speaker 1: after six months, right. 296 00:14:29,120 --> 00:14:29,800 Speaker 4: Laby. 297 00:14:30,520 --> 00:14:32,160 Speaker 1: I had mine for a little bit longer. But I've 298 00:14:32,160 --> 00:14:35,280 Speaker 1: spoken to people in the community before where they are 299 00:14:35,280 --> 00:14:37,480 Speaker 1: crushed by debt and they're like, oh, but I only 300 00:14:37,520 --> 00:14:39,640 Speaker 1: just got this car, Surely I can't give it up 301 00:14:39,720 --> 00:14:41,600 Speaker 1: right now. Like I've only had it for three or 302 00:14:41,640 --> 00:14:42,200 Speaker 1: four months. 303 00:14:42,720 --> 00:14:44,400 Speaker 4: Cancas you can, you can get. 304 00:14:44,280 --> 00:14:46,400 Speaker 1: Rid of it. You got the car, get rid of 305 00:14:46,440 --> 00:14:48,360 Speaker 1: the car, get rid of it, so it's easy to 306 00:14:48,360 --> 00:14:50,400 Speaker 1: get rid of it, as is to get it exactly. 307 00:14:50,520 --> 00:14:53,360 Speaker 1: Another hypothetical might be that you've been planning this is really 308 00:14:53,400 --> 00:14:56,480 Speaker 1: big European like summer ak, like you're gonna have hot 309 00:14:56,480 --> 00:14:59,480 Speaker 1: girl summer but in Europe. Yeah, and you've been working 310 00:14:59,480 --> 00:15:01,760 Speaker 1: towards it for years, and you've been planning every single 311 00:15:01,760 --> 00:15:04,520 Speaker 1: moment along the way. However, life kind of changed recently, 312 00:15:04,640 --> 00:15:07,320 Speaker 1: like you might have been made redundant, or you and 313 00:15:07,320 --> 00:15:10,000 Speaker 1: your partner broke up, or the cash flow you assumed 314 00:15:10,240 --> 00:15:13,240 Speaker 1: was going to be there isn't there anymore. What do 315 00:15:13,240 --> 00:15:15,160 Speaker 1: you do? Do you change your plans or do you 316 00:15:15,160 --> 00:15:17,400 Speaker 1: stick to the original ones because you're super worried about 317 00:15:17,400 --> 00:15:18,560 Speaker 1: what people might think. 318 00:15:18,800 --> 00:15:21,720 Speaker 4: Well, you can absolutely cancel the trip if you need to, 319 00:15:21,920 --> 00:15:25,160 Speaker 4: or just like by cancel, I'm literally saying, like postpone 320 00:15:25,200 --> 00:15:28,680 Speaker 4: for a day. That's completely fine, but you know it 321 00:15:28,680 --> 00:15:30,600 Speaker 4: would kind of be like irresponsible not to if you 322 00:15:30,680 --> 00:15:34,440 Speaker 4: can't financially do it anymore. There's nothing stopping you from going, 323 00:15:34,760 --> 00:15:36,000 Speaker 4: maybe in years. 324 00:15:35,760 --> 00:15:38,760 Speaker 1: To many people do that, right, Like they've got hot 325 00:15:38,800 --> 00:15:42,560 Speaker 1: girl summer planned, they're going to Europe. We've all wanted 326 00:15:42,600 --> 00:15:45,640 Speaker 1: to do something like that at some point, right, but 327 00:15:47,080 --> 00:15:50,200 Speaker 1: money's too tight and you decide, all right, well, you 328 00:15:50,240 --> 00:15:52,840 Speaker 1: know what I deserve this, You know what I'm gonna do. 329 00:15:52,880 --> 00:15:54,520 Speaker 1: I'm just gonna get a person alone so I can 330 00:15:54,560 --> 00:15:57,880 Speaker 1: still go. Yeah, you come home, You've got this massive 331 00:15:57,920 --> 00:16:01,000 Speaker 1: debt to pay off that Literally, once you've paid it off, 332 00:16:01,000 --> 00:16:03,400 Speaker 1: you don't get anything. You already had the experience. It's 333 00:16:03,400 --> 00:16:06,920 Speaker 1: not adding anything to your life exactly. So much better 334 00:16:06,960 --> 00:16:09,120 Speaker 1: to just put the trip off and go in a 335 00:16:09,160 --> 00:16:12,720 Speaker 1: financially stable position where you come home and all you've 336 00:16:12,720 --> 00:16:15,520 Speaker 1: got is memories, Like you don't have debt, You've just 337 00:16:15,560 --> 00:16:18,080 Speaker 1: got memories and you're vibing and you're having a great time. 338 00:16:18,160 --> 00:16:19,840 Speaker 1: Because do you know what takes the shine off your 339 00:16:19,840 --> 00:16:25,680 Speaker 1: hot Girl Europe summer coming home to absolutely crushing debt? Yes, yes, 340 00:16:27,560 --> 00:16:30,240 Speaker 1: cannot recommend, have done it, don't do it now. This 341 00:16:30,280 --> 00:16:32,840 Speaker 1: is a podcast for people to learn what I think 342 00:16:32,880 --> 00:16:35,520 Speaker 1: they should do. Not do what I do, worrying from 343 00:16:35,560 --> 00:16:39,080 Speaker 1: my mistakes. Friends, totally do what I say or something, Yeah, 344 00:16:39,200 --> 00:16:41,280 Speaker 1: do what I say? No what I do because I 345 00:16:41,320 --> 00:16:42,840 Speaker 1: can't get my words right. I think it's a great 346 00:16:42,840 --> 00:16:43,400 Speaker 1: time for us to go. 347 00:16:43,440 --> 00:16:44,120 Speaker 4: To a quick break. 348 00:16:44,320 --> 00:16:45,080 Speaker 1: I love a break. 349 00:16:45,480 --> 00:16:45,960 Speaker 4: I love that. 350 00:16:46,040 --> 00:16:47,520 Speaker 1: Let's go to a break. We deserve it. 351 00:16:47,600 --> 00:16:54,720 Speaker 4: We deserve it, We deserve it. Okay, we are back. 352 00:16:54,880 --> 00:16:59,200 Speaker 4: So we are talking about changing your financial decisions. And 353 00:16:59,240 --> 00:17:02,120 Speaker 4: I feel like generally we tend to shy away from change, 354 00:17:02,360 --> 00:17:05,679 Speaker 4: clinging to the comfort of predictability. But this means that 355 00:17:05,720 --> 00:17:08,959 Speaker 4: we might find ourselves trapped in bad financial situations that 356 00:17:09,040 --> 00:17:12,320 Speaker 4: limit our growth and happiness. I feel like that's absolutely true. 357 00:17:12,400 --> 00:17:13,640 Speaker 4: Good summary of where we're at. 358 00:17:13,680 --> 00:17:17,240 Speaker 1: Thank you, yeah, genius. Maybe we can use this canceling 359 00:17:17,240 --> 00:17:21,479 Speaker 1: of the games from our friend Danny Boy as an inspiration. Like, 360 00:17:21,520 --> 00:17:24,960 Speaker 1: I think it is relatively inspiring to, you know, be 361 00:17:25,000 --> 00:17:27,919 Speaker 1: able to make a decision and then go back on 362 00:17:28,000 --> 00:17:30,600 Speaker 1: it. It doesn't matter whether you're twenty or forty or sixty. 363 00:17:31,400 --> 00:17:35,479 Speaker 1: No financial decision is too soon, yeah to make, Like 364 00:17:35,600 --> 00:17:39,240 Speaker 1: whether you have just made it and you've decided it's 365 00:17:39,280 --> 00:17:41,240 Speaker 1: not good, or you've been doing the same thing for 366 00:17:41,320 --> 00:17:45,120 Speaker 1: the last thirty years, Like, no decision is too soon 367 00:17:45,240 --> 00:17:47,840 Speaker 1: to reassess. I don't think no, And I think that 368 00:17:47,920 --> 00:17:51,480 Speaker 1: it's actually really intelligent and shows how you know, financially 369 00:17:51,480 --> 00:17:53,159 Speaker 1: savvy you are to be, like, you know what, this 370 00:17:53,240 --> 00:17:55,800 Speaker 1: might not be serving me, I don't care how soon 371 00:17:55,840 --> 00:17:58,919 Speaker 1: it was. I think we should embrace the empowerment that 372 00:17:59,040 --> 00:18:02,320 Speaker 1: comes with take charge of our destiny, and I guess 373 00:18:02,840 --> 00:18:07,480 Speaker 1: releasing ourselves from this idea of crushing debt or unsustainable 374 00:18:07,520 --> 00:18:10,239 Speaker 1: commitments as we assume we need to keep them because oh, well, 375 00:18:10,280 --> 00:18:13,760 Speaker 1: the decisions already been made, Beck, like I already got it, like, 376 00:18:14,760 --> 00:18:18,360 Speaker 1: can't go back now, Like it would be rude to write. 377 00:18:18,480 --> 00:18:20,400 Speaker 4: I think it's probably as good a time as any 378 00:18:20,480 --> 00:18:24,000 Speaker 4: because something big has happened. Daddy Andrews, I shouldn't say that, right, No. 379 00:18:24,080 --> 00:18:26,600 Speaker 1: You can say that. Can I say that? Absolutely? You 380 00:18:26,640 --> 00:18:28,960 Speaker 1: can call him daddy Andrews. Imagine if one of his 381 00:18:29,080 --> 00:18:31,920 Speaker 1: kids sends him this podcast and it's just like, who 382 00:18:32,000 --> 00:18:35,320 Speaker 1: are these women who think that they know stuff? Yeah, 383 00:18:35,320 --> 00:18:37,440 Speaker 1: and maybe that's really bad, says to meet you, daddy boy. 384 00:18:37,520 --> 00:18:40,000 Speaker 1: I'm Victoria, this is Beck, and we are really smart. 385 00:18:40,119 --> 00:18:43,720 Speaker 4: We are very smart, and you are very much our father. 386 00:18:44,440 --> 00:18:46,480 Speaker 1: So that's not what you meant by daddy. 387 00:18:48,480 --> 00:18:51,280 Speaker 4: I'm very sorry to everyone listening, but I did just 388 00:18:51,280 --> 00:18:52,760 Speaker 4: want to say, you know, when someone does something really 389 00:18:52,760 --> 00:18:54,520 Speaker 4: bad and you kind of want to do something like that. 390 00:18:54,760 --> 00:18:57,800 Speaker 4: Not bad, it's not bad, but the public seed is bad. 391 00:18:57,840 --> 00:18:59,840 Speaker 4: So him can scel the coming with games. This is 392 00:19:00,040 --> 00:19:00,920 Speaker 4: every time for you to be. 393 00:19:00,840 --> 00:19:01,760 Speaker 2: Like, oh, but. 394 00:19:04,000 --> 00:19:05,120 Speaker 1: I just got rid of my car. 395 00:19:05,320 --> 00:19:07,960 Speaker 4: Yeah, this is knowing you as bad as that. So 396 00:19:08,040 --> 00:19:10,080 Speaker 4: I'm just going to go ahead and cancel this thing, 397 00:19:10,280 --> 00:19:12,440 Speaker 4: cancel this trip, cancel this car Loan whatever. 398 00:19:12,480 --> 00:19:14,879 Speaker 1: It's like a little bit of permission exactly, this is 399 00:19:14,920 --> 00:19:15,760 Speaker 1: the perfect time to do. 400 00:19:15,840 --> 00:19:17,520 Speaker 4: So, not that any time is not a good time, 401 00:19:17,720 --> 00:19:19,240 Speaker 4: but anytimes it's a vantage. 402 00:19:19,640 --> 00:19:21,480 Speaker 1: I think at any time is a good time to 403 00:19:21,520 --> 00:19:24,280 Speaker 1: reassess the position you're in, if it's not making you happy, 404 00:19:24,400 --> 00:19:26,240 Speaker 1: or if it's not serving you, or if it's not 405 00:19:26,720 --> 00:19:29,439 Speaker 1: actually working out in the way that you thought it might. Yes, 406 00:19:29,600 --> 00:19:32,800 Speaker 1: Like I know so many times I've done things and thought, 407 00:19:32,880 --> 00:19:34,560 Speaker 1: you know what, this is going to change my life. 408 00:19:34,600 --> 00:19:38,119 Speaker 1: I'm so excited. Like Beck, if you were working towards 409 00:19:38,119 --> 00:19:40,000 Speaker 1: getting a brand new car, you're gonna be like, this 410 00:19:40,040 --> 00:19:42,680 Speaker 1: is going to be spanking brand new. I'm so excited, right, 411 00:19:43,040 --> 00:19:45,800 Speaker 1: and then what you get it and you're like I 412 00:19:45,800 --> 00:19:50,120 Speaker 1: don't even keep it clean, like it's always running out 413 00:19:50,119 --> 00:19:52,919 Speaker 1: of fuel. All I do is get parking tickets with 414 00:19:53,000 --> 00:19:53,960 Speaker 1: this piece of junk. 415 00:19:54,200 --> 00:19:57,760 Speaker 4: Sounds completely accurate so far. Yeah, I know this is 416 00:19:57,760 --> 00:20:00,960 Speaker 4: a hypothetical, but I'm like, this is my life. Yes exactly. 417 00:20:01,080 --> 00:20:04,280 Speaker 1: I was actually just explaining my life. So maybe maybe 418 00:20:04,320 --> 00:20:08,679 Speaker 1: we're just I think, but so many times we just 419 00:20:08,760 --> 00:20:13,280 Speaker 1: assume that when we buy something, these materialistic things are 420 00:20:13,359 --> 00:20:16,560 Speaker 1: going to make our lives better and they're not. No, 421 00:20:16,760 --> 00:20:21,320 Speaker 1: material things don't actually make you happy. They might represent 422 00:20:21,480 --> 00:20:25,200 Speaker 1: something to you, like getting a car loan might represent 423 00:20:25,320 --> 00:20:28,320 Speaker 1: freedom and actually saving up a deposit and you know, 424 00:20:28,440 --> 00:20:30,840 Speaker 1: being in a stable enough position to be granted that 425 00:20:31,000 --> 00:20:32,680 Speaker 1: loan like that is really exciting. 426 00:20:32,880 --> 00:20:33,360 Speaker 3: Yeah. 427 00:20:33,480 --> 00:20:35,800 Speaker 1: Yeah, then you get it and it's not as shiny 428 00:20:35,960 --> 00:20:38,119 Speaker 1: or exciting as you thought it was going to be, 429 00:20:38,280 --> 00:20:40,399 Speaker 1: and your mind goes on to the next thing and 430 00:20:40,400 --> 00:20:42,960 Speaker 1: you go, well, they've got that new car. Really should 431 00:20:43,040 --> 00:20:45,320 Speaker 1: say for X, Y or Z, or I really should 432 00:20:45,320 --> 00:20:48,040 Speaker 1: do this that or the other, And you're not actually 433 00:20:48,040 --> 00:20:49,960 Speaker 1: in a better or happier position at all. 434 00:20:50,119 --> 00:20:52,440 Speaker 4: Yeah. Absolutely, But we do see this in our community 435 00:20:52,480 --> 00:20:53,399 Speaker 4: a lot of the time, don't we. 436 00:20:53,480 --> 00:20:56,240 Speaker 1: It makes me insanely proud, Like I adore that people 437 00:20:56,280 --> 00:20:59,040 Speaker 1: are changing their lives and taking charge instead of being 438 00:20:59,080 --> 00:21:01,680 Speaker 1: held back by the assumption that they've already done their 439 00:21:01,680 --> 00:21:03,399 Speaker 1: own graves. And you know, they have to live with 440 00:21:03,440 --> 00:21:06,239 Speaker 1: the consequences of their own actions. Like I mean, if 441 00:21:06,280 --> 00:21:08,119 Speaker 1: you murdered someone, yeah, you probably have to live with 442 00:21:08,160 --> 00:21:10,639 Speaker 1: the consequences of your own actions. But like, if you've 443 00:21:10,640 --> 00:21:13,600 Speaker 1: got a car loan, you can just get rid of that. 444 00:21:13,600 --> 00:21:16,600 Speaker 1: That's not criminal, you know, Yeah, Like, if it's not criminal, 445 00:21:16,680 --> 00:21:17,399 Speaker 1: we can fix it. 446 00:21:17,960 --> 00:21:19,880 Speaker 4: That's a good life model, very good life motto. 447 00:21:20,040 --> 00:21:22,399 Speaker 1: If it's not criminal, we can probably get ourselves out 448 00:21:22,440 --> 00:21:25,080 Speaker 1: of it, yes, right, And I know you can change 449 00:21:25,119 --> 00:21:27,119 Speaker 1: your life for the better. And while it might be 450 00:21:27,160 --> 00:21:29,280 Speaker 1: a little bit uncomfortable to make that decision. You don't 451 00:21:29,280 --> 00:21:30,640 Speaker 1: want to get rid of the car, And I guess 452 00:21:30,680 --> 00:21:32,680 Speaker 1: the car is just an analogy, right, Like it might 453 00:21:32,760 --> 00:21:35,320 Speaker 1: be the exhibition, it might be the trip to Sydney, 454 00:21:35,480 --> 00:21:37,960 Speaker 1: it might be a trip to Bali with your girlfriends, 455 00:21:37,960 --> 00:21:41,720 Speaker 1: it might be literally anything. Right, I think that it 456 00:21:41,760 --> 00:21:45,480 Speaker 1: is uncomfortable to make that decision, and you might, honestly, 457 00:21:45,640 --> 00:21:47,040 Speaker 1: you might annoy a few people. 458 00:21:47,640 --> 00:21:49,760 Speaker 4: That's all right, because they're only going to be annoyed 459 00:21:49,800 --> 00:21:52,640 Speaker 4: for a little bit of time, but that loan would 460 00:21:52,640 --> 00:21:53,720 Speaker 4: have lasted. 461 00:21:53,320 --> 00:21:55,960 Speaker 1: If they are true friends. Yes, they might be like, oh, 462 00:21:56,119 --> 00:21:58,399 Speaker 1: I really wanted to do that thing. I really wanted 463 00:21:58,400 --> 00:22:00,679 Speaker 1: to go on X y Z with Beck. But that 464 00:22:00,720 --> 00:22:03,280 Speaker 1: makes sense. She's putting herself in the best possible position, 465 00:22:03,359 --> 00:22:05,320 Speaker 1: and because I'm her friend, that's what I want for 466 00:22:05,359 --> 00:22:09,400 Speaker 1: her too. Yes, And if they don't trash friends need 467 00:22:09,480 --> 00:22:11,679 Speaker 1: new ones exactly, this is a really good way. 468 00:22:11,560 --> 00:22:14,760 Speaker 4: To weed out those who maybe don't care. 469 00:22:15,480 --> 00:22:18,320 Speaker 1: And I think future you is absolutely thanking you for 470 00:22:18,359 --> 00:22:21,240 Speaker 1: how comfortable they're going to be once that decision starts 471 00:22:21,280 --> 00:22:24,720 Speaker 1: to pay its little dividends, right, and Danny Boy his 472 00:22:24,880 --> 00:22:28,320 Speaker 1: choice to rude to call him Danny boy Danny boy, 473 00:22:28,359 --> 00:22:30,280 Speaker 1: I think is okay. I mean you called him daddy, 474 00:22:30,480 --> 00:22:32,480 Speaker 1: So I think it's probably a little bit. 475 00:22:32,480 --> 00:22:35,359 Speaker 4: It's much much worse, I think, So I think Danny's fine. 476 00:22:35,480 --> 00:22:40,040 Speaker 1: Dan Andrews's decision I think was actually really really good 477 00:22:40,080 --> 00:22:43,640 Speaker 1: because it prioritized healthcare and the well being of Victorians 478 00:22:43,760 --> 00:22:46,280 Speaker 1: over the Commonwealth games, and I think it should be commended, 479 00:22:46,359 --> 00:22:48,560 Speaker 1: not condemned, in exactly the same way that I think 480 00:22:48,600 --> 00:22:51,920 Speaker 1: your personal financial decisions should be if you're putting future 481 00:22:52,080 --> 00:22:56,120 Speaker 1: you first, Like, that's real sexy. I do never think 482 00:22:56,160 --> 00:22:58,679 Speaker 1: that I use the word sexy and Dan Andrews in 483 00:22:58,760 --> 00:23:01,120 Speaker 1: the same sentence. Yet here we are. 484 00:23:01,240 --> 00:23:01,400 Speaker 2: There. 485 00:23:01,920 --> 00:23:04,200 Speaker 4: I could have seen it coming, but I've got a 486 00:23:04,320 --> 00:23:05,119 Speaker 4: very different taste. 487 00:23:05,280 --> 00:23:09,200 Speaker 1: Yeah, look, honestly, not your vibe. I mean I thought 488 00:23:09,200 --> 00:23:11,119 Speaker 1: maybe he could have been. When you were like, hey daddy, 489 00:23:11,160 --> 00:23:12,800 Speaker 1: I was like, wow, where is this going. 490 00:23:13,040 --> 00:23:15,440 Speaker 4: I'm mainly gay, but I have a very special place 491 00:23:15,440 --> 00:23:16,119 Speaker 4: for Dan Andrews. 492 00:23:16,160 --> 00:23:17,920 Speaker 1: That's oh, that's so hard. 493 00:23:18,160 --> 00:23:20,840 Speaker 4: I'm sure he does not want to know that he did. 494 00:23:21,119 --> 00:23:25,240 Speaker 1: He did, he did. He's so lucky. I think it's 495 00:23:25,320 --> 00:23:29,880 Speaker 1: so important to understand that embracing change, which is really uncomfortable, right, 496 00:23:30,200 --> 00:23:34,480 Speaker 1: Change makes us feel icky because humans at the center 497 00:23:34,520 --> 00:23:38,240 Speaker 1: of it, we don't like change. Change is uncomfortable, and 498 00:23:38,600 --> 00:23:41,080 Speaker 1: change makes us feel like, oh, this is pushing me 499 00:23:41,200 --> 00:23:44,840 Speaker 1: out of my comfort zone, and that's normal. But change 500 00:23:44,960 --> 00:23:48,680 Speaker 1: and embracing it is this powerful act of personal growth 501 00:23:48,720 --> 00:23:52,560 Speaker 1: and empowerment, and that is very sexy. So I think 502 00:23:53,119 --> 00:23:56,760 Speaker 1: challenging this toxic culture that shames us for making really 503 00:23:56,760 --> 00:24:01,240 Speaker 1: necessary adjustments to create a brighter and more sustainable future. 504 00:24:01,680 --> 00:24:04,000 Speaker 1: Everyone should be jumping up and down and being like, heck, yeah, 505 00:24:04,040 --> 00:24:07,280 Speaker 1: this is so good. But because we don't like change 506 00:24:07,320 --> 00:24:09,840 Speaker 1: and other people don't like change, like, it doesn't feel 507 00:24:09,840 --> 00:24:12,560 Speaker 1: as good as it should. And I think that you 508 00:24:12,760 --> 00:24:15,720 Speaker 1: need to remember at the core of it that your 509 00:24:15,840 --> 00:24:19,760 Speaker 1: financial wellbeing is in your hands, and your hands solely. 510 00:24:20,040 --> 00:24:21,919 Speaker 1: Nobody is going to come and save you. And I 511 00:24:21,960 --> 00:24:25,159 Speaker 1: think that that is this idea that if you're in 512 00:24:25,240 --> 00:24:27,119 Speaker 1: a lot of debt, or if you have things that 513 00:24:27,160 --> 00:24:29,719 Speaker 1: aren't working out for you, sometimes we just throw our 514 00:24:29,720 --> 00:24:31,320 Speaker 1: hands in the air and be like someone else is 515 00:24:31,320 --> 00:24:33,920 Speaker 1: going to fix it. Right, No one else is coming 516 00:24:33,920 --> 00:24:36,120 Speaker 1: to fix it, Beck, You've got to fix it yourself. 517 00:24:36,280 --> 00:24:38,359 Speaker 1: And I mean, I'll hold your hand the whole way 518 00:24:38,880 --> 00:24:40,720 Speaker 1: that like I can hold your hand the whole way, 519 00:24:40,720 --> 00:24:43,040 Speaker 1: and you might not make one single change, in which 520 00:24:43,080 --> 00:24:46,560 Speaker 1: case I'm just wasting my time. But I think you 521 00:24:46,640 --> 00:24:49,040 Speaker 1: need to understand that you're the one that needs to 522 00:24:49,040 --> 00:24:52,040 Speaker 1: make the change. It's like when people write into the show, right, 523 00:24:52,160 --> 00:24:54,320 Speaker 1: it's my favorite thing in the entire world. Please don't stop. 524 00:24:54,640 --> 00:24:58,320 Speaker 1: It's my favorite. But people will say, oh, thanks Beck 525 00:24:58,400 --> 00:25:00,960 Speaker 1: and Victoria, You've changed my life. I'm out of debt, 526 00:25:00,960 --> 00:25:04,160 Speaker 1: I'm this, I'm that I didn't do that. You did that. 527 00:25:04,600 --> 00:25:06,280 Speaker 1: Do you know how many people listen to our content 528 00:25:06,320 --> 00:25:08,479 Speaker 1: and don't make change? Do you know how many people 529 00:25:08,480 --> 00:25:11,080 Speaker 1: listen to our content and go, that's too hard or 530 00:25:11,119 --> 00:25:14,040 Speaker 1: that's too uncomfortable, and they never pick our podcast up again. 531 00:25:14,520 --> 00:25:16,719 Speaker 1: But you pick up the podcast, or you pick up 532 00:25:16,720 --> 00:25:18,879 Speaker 1: our content, or you pick up the tools and resources 533 00:25:18,880 --> 00:25:22,040 Speaker 1: that we've directed you to and you used them, Like 534 00:25:22,080 --> 00:25:24,520 Speaker 1: that's on. You don't thank me, Like I'm just putting 535 00:25:24,520 --> 00:25:27,200 Speaker 1: the information out there. And I think it's so important 536 00:25:27,200 --> 00:25:30,280 Speaker 1: to give yourself that credit because your financial well being 537 00:25:30,560 --> 00:25:33,040 Speaker 1: it's not in my hands. I might have introduced you 538 00:25:33,080 --> 00:25:36,480 Speaker 1: to it, but like lots of people could have introduced 539 00:25:36,520 --> 00:25:37,960 Speaker 1: you to it, and you might not have been ready 540 00:25:37,960 --> 00:25:40,080 Speaker 1: to hear it. But I was just in the right 541 00:25:40,080 --> 00:25:42,320 Speaker 1: place at the right time with you. But it was 542 00:25:42,400 --> 00:25:44,200 Speaker 1: totally up to you, and you need to give yourself 543 00:25:44,240 --> 00:25:46,760 Speaker 1: credit for that. And it's totally okay to change your 544 00:25:46,800 --> 00:25:49,280 Speaker 1: mind to put yourself in a better position. And I 545 00:25:49,320 --> 00:25:52,240 Speaker 1: think that is so sexy, but it's also it's not me, 546 00:25:52,320 --> 00:25:54,440 Speaker 1: it's you did it. So like, if you're going to 547 00:25:54,480 --> 00:25:57,600 Speaker 1: make change, you need to give yourself the credit for that. 548 00:25:57,600 --> 00:26:00,520 Speaker 4: That is powerful and so truly. I think it's a 549 00:26:00,520 --> 00:26:01,160 Speaker 4: great place too. 550 00:26:01,480 --> 00:26:03,240 Speaker 1: I think it's a fantastic good place to leave it. 551 00:26:03,320 --> 00:26:06,520 Speaker 1: Because I've run out of inspirational things to say to that. 552 00:26:06,520 --> 00:26:08,199 Speaker 4: That's a real shame because I will need some after this. 553 00:26:08,359 --> 00:26:10,040 Speaker 4: But that's okay, we'll work on it. I'll come up 554 00:26:10,080 --> 00:26:11,480 Speaker 4: with your own said list. 555 00:26:11,520 --> 00:26:14,720 Speaker 1: Thank you so much, no worries, have a good day, guys, 556 00:26:14,720 --> 00:26:16,040 Speaker 1: will see you next week. 557 00:26:16,240 --> 00:26:24,800 Speaker 3: By the advice shared on She's on the Money is 558 00:26:24,840 --> 00:26:28,480 Speaker 3: general in nature and does not consider your individual circumstances. 559 00:26:28,800 --> 00:26:32,240 Speaker 3: She's on the Money exists purely for educational purposes and 560 00:26:32,280 --> 00:26:34,680 Speaker 3: should not be relied upon to make an investment or 561 00:26:34,760 --> 00:26:35,800 Speaker 3: financial decision. 562 00:26:36,160 --> 00:26:38,640 Speaker 1: If you do choose to buy a financial product. 563 00:26:38,440 --> 00:26:42,040 Speaker 3: Read the PDS TMD and obtain appropriate financial. 564 00:26:41,560 --> 00:26:43,359 Speaker 1: Advice tailored towards your needs. 565 00:26:43,720 --> 00:26:47,640 Speaker 3: Victoria Divine and She's on the Money are authorized representatives 566 00:26:47,680 --> 00:26:48,119 Speaker 3: of money. 567 00:26:48,119 --> 00:26:50,240 Speaker 1: Sheper pty LTD. 568 00:26:50,000 --> 00:26:53,080 Speaker 3: ABN three two one IS six four nine two seven 569 00:26:53,200 --> 00:27:01,159 Speaker 3: seven zero eight AFSL four five one two eight nine. 570 00:27:01,480 --> 00:27:05,240 Speaker 4: They completely work. They were