Speaker 1: Hello.
Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we
Speaker 2: get started on She's on the Money podcast, I would
Speaker 2: like to acknowledge the traditional custodians of the land of
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
Speaker 2: the elders, the ancestors and the next generation coming through
Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
Speaker 2: the storytelling of you to make a difference for today
Speaker 2: and lasting impact for tomorrow.
Speaker 1: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 1: Hello, and welcome to She's on the Money, the podc
Speaker 1: calast for millennials who want financial freedom. My name is
Speaker 1: Beck Sayed and with me is Victoria Vivi. Ohoy ahoy
Speaker 1: vic di. We are talking today about changing your financial decisions.
Speaker 1: I'm excited about this one.
Speaker 4: Yeah.
Speaker 1: I'm pretty excited about it too, and I think that
Speaker 1: maybe some of us might need it. Definitely me, that's
Speaker 1: what I know for sure. But something happened recently and
Speaker 1: it made big news. You might have heard about it,
Speaker 1: you might have even wrote about it. In your weekly
Speaker 1: Age column. Oh yeah, all right, what was it? So?
Speaker 1: Dan Andrews, the premiere of Victoria, canceled the twenty twenty
Speaker 1: six Commonwealth Games, due to be held in regional Victoria.
Speaker 1: Why did he do this?
Speaker 4: Neah?
Speaker 1: Why are you going to do this to us? I
Speaker 1: don't know.
Speaker 4: If you asked the comment section on the Age, it's
Speaker 4: a bit different.
Speaker 1: Actually, no.
Speaker 4: I was really impressed with how many people are in
Speaker 4: support of me, because it's so often that I post
Speaker 4: content online and mediocy middle aged white men jump into
Speaker 4: the comment section.
Speaker 1: They're like, what would she know about anything? And I'm like,
Speaker 1: that's fair, that's fair. People are you know?
Speaker 2: What?
Speaker 4: Just keeps me humble? Keeps me humble, And I think
Speaker 4: that's really important. So medio committally aged white men.
Speaker 1: Keep doing you. You are me needed. We love you,
Speaker 1: Thank you for keeping me humble.
Speaker 4: But Danny Andrews, yes, he decided, do you interesting choice?
Speaker 1: Moving on?
Speaker 4: Oh yeah, okay, So the twenty twenty six Commonwealth Games
Speaker 4: were meant to be a twelve day sporting event and
Speaker 4: the original budget set for that was two point six.
Speaker 1: Billion dollars net.
Speaker 4: Okay, and it has recently been revised to be around
Speaker 4: six to seven billion dollars. So they clearly didn't use
Speaker 4: the Victoria divine budget and cash flow system, did they.
Speaker 1: Someone's not been listening. Someone's been listening.
Speaker 4: To the show Danny Boy, Get on it. So that
Speaker 4: is basically a whopping four point four billion dollars over budget.
Speaker 4: I've been like four dollars over budget before. I've been
Speaker 4: forty dollars over budget, and you know what, in some instances,
Speaker 4: I've been four hundred dollars over budget. How anybody goes
Speaker 4: four point four billion over budget.
Speaker 1: Not very relatable. I've never ever been four point four
Speaker 1: billion dollars over anykay.
Speaker 4: That basically makes it an unsustainable burden on the state's economy, which,
Speaker 4: to be honest, with Victoria's debt forecast currently being at
Speaker 4: one point three five point four billion dollars in twenty
Speaker 4: twenty four and the expectation that it rises to one
Speaker 4: hundred and seventy one at point four billion dollars by
Speaker 4: twenty twenty six to twenty twenty seven, it kind of
Speaker 4: was a decision that needed to be made when it
Speaker 4: came to the games, Like, I totally understand going back
Speaker 4: and saying, you know what this is actually going to
Speaker 4: cost so much more that it's unfeasible now. And I
Speaker 4: feel like that is why I wanted to write about
Speaker 4: it in my article. That's why I really wanted to
Speaker 4: talk about it, because how many times have we committed
Speaker 4: to things beck and been like, oh, great, you know, let's,
Speaker 4: for example, say we're going to go to the.
Speaker 1: Snow with mates. You've never been to the snow before.
Speaker 4: One thing leads to another, you go, oh, just be
Speaker 4: like accommodation, get up there. You know, won't be too bad, right,
Speaker 4: And then you realize that accommodation the snow is really expensive.
Speaker 1: That's starting to blow the budget. You realize you have
Speaker 1: to hire.
Speaker 4: Snowboard or you have to hire skis, and that gets expensive. Wow,
Speaker 4: you forgot there was a lift pass involved, and like
Speaker 4: resort access and all this other stuff, and it becomes
Speaker 4: unfeasible and you might need to turn around and be like, oh, guys,
Speaker 4: I was so pumped for this, it's no longer feasible though,
Speaker 4: Like you guys, go have fun, but I can't be involved. Yes,
Speaker 4: And I think so many times there have been situations
Speaker 4: in my life where that has happened, like that exact
Speaker 4: circumstance where I budgeted one thing or it just expected
Speaker 4: one thing, and then another thing happened and I wanted
Speaker 4: to back out of it, but I felt really bad,
Speaker 4: so I thought today it might be a good day
Speaker 4: to talk about how it's actually okay to change your
Speaker 4: financial decisions.
Speaker 1: Yes. Absolutely, but I am curious as to why so
Speaker 1: many people were quite upset about this decision.
Speaker 4: Look, a lot of people online were not very happy
Speaker 4: with Danny Boy and they were jumping up and down.
Speaker 4: A few journalists said We're never gonna let him get
Speaker 4: away with this, and then the Commonwealth Game's Chief execut
Speaker 4: his name's Craig Phillips, said that the government had quote
Speaker 4: jeopardized Melbourne and Victoria's standing as the sporting capital of
Speaker 4: the world, as well as get this disappointing athletes, the
Speaker 4: excited host communities, first nation Australians who were at the
Speaker 4: heart of the Games, and the millions of fans who
Speaker 4: would have embraced a sixth home Games in Australia.
Speaker 1: I see that's heavy. That's a big call.
Speaker 4: That's a massive call to be like you're a disappointment, yeah,
Speaker 4: and like you know, it seems like it just kind
Speaker 4: of got out of hands, like what are you meant
Speaker 4: to do? I feel like there's a lot of Yeah,
Speaker 4: there's a lot to it, yes, but absolutely a lot
Speaker 4: to it. And I think Danny boy my friend should
Speaker 4: have been baby a little bit better at budgeting. And
Speaker 4: I totally understand the disappointment, right, like it's a loss
Speaker 4: to the athletes as a loss to the community, without doubt.
Speaker 1: But I guess our job.
Speaker 4: On this show is to look at the money side
Speaker 4: of things and why that might have been a good decision,
Speaker 4: and I actually think it was a really responsible decision,
Speaker 4: and I really want to, I guess explore that underlying
Speaker 4: narrative of why embracing change should be seen as courageous
Speaker 4: and necessary, because in this moment, this isn't a political podcast.
Speaker 4: It's not really about whether you lack Dan Andrews or not.
Speaker 4: It's not really about whether you agree with his past
Speaker 4: decisions or not. It's more about that was a pretty
Speaker 4: courageous thing to do, because I don't know, Beck, if
Speaker 4: you're going to cancel the Commonwealth Games, you know that
Speaker 4: there's going to be a wrath to follow, right.
Speaker 1: People are going to be pissed.
Speaker 4: People aren't going to be happy he knew that was coming.
Speaker 4: But I think the cool thing about that decision in
Speaker 4: isolation is that he was putting our community at the
Speaker 4: heart of that decision and going, I don't want our
Speaker 4: state to be in even more debt. I don't want
Speaker 4: our community to be absolutely crippled by this. And the
Speaker 4: way that he articulated it was literally I'd prefer that
Speaker 4: money to go to teachers and nurses then go towards games,
Speaker 4: fair enough, And I couldn't agree more good on.
Speaker 1: Him, honestly, I mean, it would be scary, it would
Speaker 1: be hard, right, I'm wondering, do we have a tendency
Speaker 1: as people to like stick with a plan the more
Speaker 1: we have invested in it, even if it's wiser to
Speaker 1: abandon it.
Speaker 4: Yeah, it's called the sunken cost fallacy. So there's actually
Speaker 4: a thing. It's kind of like where you throw good
Speaker 4: money after bad like I've already come this far, Like
Speaker 4: we've all been there, we've all done it. The sunk
Speaker 4: cost fallacy is essentially a phenomenon, the worst word in
Speaker 4: the entire that is arguably the phenomenon for exists whereby
Speaker 4: a person is relatively reluctant to abandon a strategy or
Speaker 4: course of action because they've already heavily invested in it,
Speaker 4: even when it's clear that abandonment would be more beneficial
Speaker 4: to literally everybody involved. And it is super prevalent when
Speaker 4: it comes to financial decisions.
Speaker 1: I can relate to this. You throw money after bad.
Speaker 1: Before I was gonna do an exhibition, it was kind
Speaker 1: of one of those things you know when you tell
Speaker 1: everyone about it and you feel really satisfied because you
Speaker 1: told everyone and all this money went into it. And
Speaker 1: then it got very close to the date and I
Speaker 1: told every single person that I've ever met in my
Speaker 1: entire life and realized I actually couldn't afford to go
Speaker 1: along with the whole thing, so I canceled it. And
Speaker 1: it can be very very sad and kind of embarrassing.
Speaker 1: So I'm assuming embarrassing about that.
Speaker 3: Thank you, V.
Speaker 4: You made the right decision, right, Thank you. I believe
Speaker 4: I did exactly. What's embarrassing about that, Well, this is
Speaker 4: maybe how Dan feels at the moment. And it feels embarrassing.
Speaker 4: You're going back on what you had already spoken.
Speaker 1: To me totally, and some people are like, how did that? God?
Speaker 4: But also I think it's funny because it's also the
Speaker 4: level of conviction that you are startting with you, I'm
Speaker 4: going to do this exhibition. It's going to be so sick.
Speaker 4: You've got to come totally.
Speaker 1: You've got to go by the way, it's canceled, by
Speaker 1: the way. Why the way here is four hours of
Speaker 1: everyone's day back in their pockets.
Speaker 2: No.
Speaker 4: I think it's really important though, because if you think
Speaker 4: about the circumstances.
Speaker 1: Let's role play for a hot second.
Speaker 4: If you told me that, do you think i'd meet
Speaker 4: you with like, oh, Bank, that's so embarrassing.
Speaker 1: I know that you wouldn't, but would anybody else?
Speaker 2: No? But why not?
Speaker 1: But just the person in my head would be like wow.
Speaker 4: Wow, Wow, heck, we've got to remember she's kind of
Speaker 4: a bitch.
Speaker 1: She is everywhere else is a safe space. That voice
Speaker 1: in her head. Ah, don't trust her. She's very mean
Speaker 1: to me.
Speaker 4: She's very mean to me, like my ones mean. I
Speaker 4: feel like everybody's voice in their head is not mean.
Speaker 4: Like if you wouldn't say that to your best friend,
Speaker 4: why are you saying it to you?
Speaker 1: True, that's a very good point. Yeah, the rules, But
Speaker 1: on that me, I want to know because I feel
Speaker 1: like sometimes we stick with ideas that aren't good for
Speaker 1: us in order to not be flaky. Is that a thing? Yeah?
Speaker 4: I think that flakiness is I don't know, I looked
Speaker 4: down upon, but I don't see this as being flaky.
Speaker 4: Being flaky is saying oh yeah, Beck, let's go out
Speaker 4: for a drink tonight, and then like five minutes before
Speaker 4: being like.
Speaker 1: Ah nah, yeah, like you can do it, but just
Speaker 1: can't be bothered at You're just.
Speaker 4: Being a little You're just wasting somebody's time, right, Like,
Speaker 4: And I think it's about consistency as well, right, I
Speaker 4: think a lot of the time, you know, if you
Speaker 4: think about a person who has a flaky personality, we're
Speaker 4: looking at an individual who consistently does that. Like, I
Speaker 4: don't think that I would be categorized as flaky even
Speaker 4: if I bailed on you for something, you know, next week, Beck,
Speaker 4: I don't think you'd be like, oh, V's so flaky
Speaker 4: total because that would have been the first time that
Speaker 4: that had happened. And that's okay. But I think it's
Speaker 4: about also how big that decision is. I think often
Speaker 4: we feel super trapped, but it's really about communication. So
Speaker 4: let's use that example of going out for a drink.
Speaker 4: If I said, oh, Beck, let's go out for a
Speaker 4: drink tonight, and you go, yeah, yeah, let's go, let's go,
Speaker 4: And then I call you later and go, oh, can't come,
Speaker 4: Like maybe you'd think that was flaky.
Speaker 1: We've got a bec. I actually checked my bank account.
Speaker 1: I kind of hard to go different, that's different, that's completely.
Speaker 4: Communication is absolutely key, and I think that often what
Speaker 4: is trapping us in these situations isn't just the money.
Speaker 4: Sometimes it's really the fear of judgment or the perception
Speaker 4: that we are changing our mind around a financial decision
Speaker 4: is embarrassing. And that's how I'm saying to you before,
Speaker 4: Like what's embarrassing about putting future you first?
Speaker 2: Yeah?
Speaker 1: Yeah, true. If you can't afford it, why are you
Speaker 1: doing it? Totally?
Speaker 4: And that's an okay thing to do, Like I don't
Speaker 4: think anybody is going to look at you and be like,
Speaker 4: oh my gosh, you didn't do that exhibition for financial reasons.
Speaker 4: Oh and the more you talk about it, the more
Speaker 4: ridiculous it seems. Right, the more you go that's absolutely insane.
Speaker 4: Like I used to have a car loan right and
Speaker 4: it would LRD over me. It was the worst thing
Speaker 4: in the entire world. It was a car loan stacked
Speaker 4: with some personal debt. She was eight hundred and eighty
Speaker 4: three dollars. I believe each and every single month that
Speaker 4: made me feel sick. But what I can tell you
Speaker 4: is that toxic mindset was keeping me in that position. Yes,
Speaker 4: I didn't want to change. I didn't want to go, oh,
Speaker 4: I'll get rid of my car. At the time that
Speaker 4: was too embarrassing. Yeah, Like I didn't want to have
Speaker 4: to sell my car, so it stuck with the loan.
Speaker 4: If I look back on it, do you know what
Speaker 4: would have absolutely saved my butt back?
Speaker 1: Possibly selling the car.
Speaker 4: Getting rid of the car life, get rid of the car,
Speaker 4: either get a cheaper one, catch the train for a while.
Speaker 4: Do you know how much freer I would have felt
Speaker 4: like not having that loan over my head.
Speaker 1: Oh, it would have been so freeing.
Speaker 4: But I only see that in hindsight, don't know, because
Speaker 4: at the time that would have been mortifying to Who though,
Speaker 4: which one of my friends would have cared if I
Speaker 4: got rid of that car or exactly not one of them.
Speaker 4: But I think it takes a lot of courage to
Speaker 4: confront something that is relatively necessary. Yes, have you ever
Speaker 4: been in that situation?
Speaker 1: Many many a time other than the actual like exhibition situation,
Speaker 1: There's been so many times where my friends want to
Speaker 1: go to stay an airbnb or go away for the weekend,
Speaker 1: and I always think I have enough money, or at
Speaker 1: least if I don't have enough money at that moment,
Speaker 1: then I will avengely somehow have enough money.
Speaker 4: To get it terialize, right, Yes.
Speaker 1: And I'm always in the worst position. I literally went
Speaker 1: to Sydney with a friend a few months ago, committed
Speaker 1: to everything, had to borrow five hundred dollars from her
Speaker 1: because I just I just gonna happen. It wasn't gonna happen.
Speaker 1: It got to the time where women to take off
Speaker 1: by a car and I was like, I'm so sorry.
Speaker 1: I have zero dollars on me and we make it work.
Speaker 1: But it's always stressful and it shouldn't be just don't
Speaker 1: do it if you can't.
Speaker 4: I suppose I think that's absolutely relatable the amount of
Speaker 4: times historically that I have made or it's sake, bad
Speaker 4: financial decisions, because like, you work with what you've got,
Speaker 4: and if you have different tools and resources, the outcome
Speaker 4: will be different and that's why I'm so excited to
Speaker 4: sit down with you and do your budget and cash flow,
Speaker 4: Like I'm just raring to go and the opportunity, but
Speaker 4: I think it's really important to understand that it is
Speaker 4: eroding your financial stability. And while the smartest decision on
Speaker 4: paper might be do you know, let the cargo or
Speaker 4: not go on the trip to Sydney, or you know,
Speaker 4: you're worried sick about what other people might think. Like
Speaker 4: I'm sure in that moment you were super worried about like,
Speaker 4: can't let my friend down. It's actually better to borrow
Speaker 4: money than cancel the trip because she'll be disappointed as well,
Speaker 4: and then you're kind of overlaying their emotions onto you
Speaker 4: and their experience. And I totally get that, because I
Speaker 4: also think it's kind of important to care about other
Speaker 4: people at the same time. But if you're only just
Speaker 4: got the car, surely you can't just give it up
Speaker 4: after six months, right.
Speaker 1: Laby. I had mine for a little bit longer.
Speaker 4: But I've spoken to people in the community before where
Speaker 4: they are crushed by debt and they're like, oh, but
Speaker 4: I only just got this car, Surely I can't give
Speaker 4: it up right now?
Speaker 1: Like I've only had it for three or four months,
Speaker 1: cancas you can, you can get.
Speaker 4: Rid of it. You got the car, get rid of
Speaker 4: the car, get rid of it, so it's easy to
Speaker 4: get rid of it, as is to get it exactly.
Speaker 4: Another hypothetical might be that you've been planning this is
Speaker 4: really big European like summer ak, like you're gonna have
Speaker 4: hot girl summer but in Europe. Yeah, and you've been
Speaker 4: working towards it for years, and you've been planning every
Speaker 4: single moment along the way. However, life kind of changed recently,
Speaker 4: like you might have been made redundant, or you and
Speaker 4: your partner broke up, or the cash flow you assumed
Speaker 4: was going to be there isn't there anymore.
Speaker 1: What do you do?
Speaker 4: Do you change your plans or do you stick to
Speaker 4: the original ones because you're super worried about what people
Speaker 4: might think.
Speaker 1: Well, you can absolutely cancel the trip if you need to,
Speaker 1: or just like, by cancel, I'm literally saying, like postpone
Speaker 1: for a day. That's completely fine, but you know it
Speaker 1: would kind of be like irresponsible not to if you
Speaker 1: can't financially do it anymore. There's nothing stopping you from going.
Speaker 4: Maybe in years to many people do that, right, Like
Speaker 4: they've got hot girl summer planned, they're going to Europe.
Speaker 4: We've all wanted to do something like that at some point, right,
Speaker 4: but money's too tight and you decide, all right, well,
Speaker 4: you know what I deserve this, you know what I'm
Speaker 4: gonna do. I'm just gonna get a person alone so
Speaker 4: I can still go.
Speaker 1: Yeah, you come.
Speaker 4: Home, you've got this massive debt to pay off that Literally,
Speaker 4: once you've paid it off, you don't get anything. You
Speaker 4: already had the experience. It's not adding anything to your
Speaker 4: life exactly. So much better to just put the trip
Speaker 4: off and go in a financially stable position where you
Speaker 4: come home and all you've got is memories, Like you
Speaker 4: don't have debt, You've just got memories and you're vibing
Speaker 4: and you're having a great time. Because do you know
Speaker 4: what takes the shine off your hot girl Europe summer
Speaker 4: coming home.
Speaker 1: To absolutely crushing debt?
Speaker 4: Yes, yes, cannot recommend have done it, don't do it now.
Speaker 4: This is a podcast for people to learn what I
Speaker 4: think they should do, not do what I do, worrying
Speaker 4: from my mistakes.
Speaker 1: Friends, totally do what I say or something Yeah, do
Speaker 1: what I say, No, what I do because I can't
Speaker 1: get my words right. I think it's a great time
Speaker 1: for us to go to a quick break. I love
Speaker 1: a break. I love that. Let's go to a break.
Speaker 1: We deserve it. We deserve it, We deserve it. Okay,
Speaker 1: we are back. So we are talking about changing your
Speaker 1: financial decisions, and I feel like generally we tend to
Speaker 1: shy away from change, clinging to the comfort of predictability.
Speaker 1: But this means that we might find ourselves trapped in
Speaker 1: bad financial situations that limit our growth and happiness. I
Speaker 1: feel like that's absolutely true. Good summary of where we're at.
Speaker 1: Thank you, Yeah, genius.
Speaker 4: Maybe we can use this canceling of the games from
Speaker 4: our friend Danny Boy as an inspiration. Like, I think
Speaker 4: it is relatively inspiring to, you know, be able to
Speaker 4: make a decision and then go back on it. It doesn't
Speaker 4: matter whether you're twenty or forty or sixty. No financial
Speaker 4: decision is too soon, yeah to make, Like whether you
Speaker 4: have just made it and you've decided it's not good,
Speaker 4: or you've been doing the same thing for the last
Speaker 4: thirty years, Like, no decision is too soon to reassess.
Speaker 4: I don't think no and I think that it's actually
Speaker 4: really intelligent and shows how you know, financially savvy you
Speaker 4: are to be, like, you know what, this might not
Speaker 4: be serving me, I don't care how soon it was.
Speaker 4: I think we should embrace the empowerment that comes with
Speaker 4: take charge of our destiny, and I guess releasing ourselves
Speaker 4: from this idea of crushing debt or unsustainable commitments as
Speaker 4: we assume we need to keep them because oh well,
Speaker 4: the decisions already been made. Beck, like I already got it, like,
Speaker 4: can't go back now, Like it would be rude to write.
Speaker 1: I think it's probably as good a time as any
Speaker 1: because something big has happened. Daddy Andrews, I shouldn't say that, right, No,
Speaker 1: you can say that. Can I say that? Absolutely?
Speaker 4: You can call him daddy Andrews. Imagine if one of
Speaker 4: his kids sends him this podcast and it's just like,
Speaker 4: who are these women who think that they know stuff? Yeah,
Speaker 4: and maybe that's really bad, says to meet you, daddy boy.
Speaker 4: I'm Victoria, this is Beck, and we are really smart.
Speaker 1: We are very smart, and you are very much our father.
Speaker 1: So that's not what you meant by daddy. I'm very
Speaker 1: sorry to everyone listening, but I did just want to say,
Speaker 1: you know, when someone does something really bad and you
Speaker 1: kind of want to do something like that. Not bad,
Speaker 1: it's not bad, but the public seed is bad, so
Speaker 1: him can sling their coming with games. This is every
Speaker 1: time for you to be like, oh, but I just
Speaker 1: got rid of my car. Yeah, this is knowing you
Speaker 1: as bad as that. So I'm just going to go
Speaker 1: ahead and cancel this thing, cancel this trip, cancel this
Speaker 1: car Loan whatever. It's like a little bit of permission exactly,
Speaker 1: this is the perfect time to do So, not that
Speaker 1: any time is not a good time, but anytimes it's
Speaker 1: a vantage.
Speaker 4: I think at any time is a good time to
Speaker 4: reassess the position you're in, if it's not making you happy,
Speaker 4: or if it's not serving you, or if it's not
Speaker 4: actually working out in the way that you thought it might. Yes,
Speaker 4: Like I know so many times I've done things and thought,
Speaker 4: you know what, this is going to change my life.
Speaker 1: I'm so excited.
Speaker 4: Like Beck, if you were working towards getting a brand
Speaker 4: new car, you're gonna be like, this is going to
Speaker 4: be spanking brand new. I'm so excited, right, and then
Speaker 4: what you get it and You're like, I don't even
Speaker 4: keep it clean, like it's always running out of fuel.
Speaker 4: All I do is get parking tickets with this piece
Speaker 4: of junk.
Speaker 1: Sounds completely accurate so far. Yeah, I know this is
Speaker 1: a hypothetical, but I'm like, this is my life. Yes exactly.
Speaker 4: I was actually just explaining my life. So maybe maybe
Speaker 4: we're just I think, but so many times we just
Speaker 4: assume that when we buy something, these materialistic things are
Speaker 4: going to make our lives better and they're not. No,
Speaker 4: material things don't actually make you happy because they might
Speaker 4: represent something to you, like getting a car loan might
Speaker 4: represent freedom and actually saving up a deposit and you know,
Speaker 4: being in a stable enough position to be granted that
Speaker 4: loan like that is really exciting.
Speaker 1: Yeah. Yeah, then you get.
Speaker 4: It and it's not as shiny or exciting as you
Speaker 4: thought it was going to be, and your mind goes
Speaker 4: on to the next thing and you go.
Speaker 1: Well, they've got that new car.
Speaker 4: Really should say for X, Y or Z, or I
Speaker 4: really should do this that or the other, and you're
Speaker 4: not actually in a better or happier position at all.
Speaker 1: Yeah. Absolutely, But we do see this in a community
Speaker 1: a lot of the time, don't we.
Speaker 4: It makes me insanely proud, Like I adore that people
Speaker 4: are changing their lives and taking charge instead of being
Speaker 4: held back by the assumption that they've already done their
Speaker 4: own graves. And you know, they have to live with
Speaker 4: the consequences of their own actions. Like I mean, if
Speaker 4: you murdered someone, yeah, you probably have to live with
Speaker 4: the consequences of your own actions. But like, if you've
Speaker 4: got a car loan, you can just get rid of that.
Speaker 4: That's not criminal, you know, Yeah, Like, if it's not criminal,
Speaker 4: we can fix it. That's a good life model, very
Speaker 4: good life motto. If it's not criminal, we can probably
Speaker 4: get ourselves out of it. Yes, yes, And I know
Speaker 4: you can change your life for the better. And while
Speaker 4: it might be a little bit uncomfortable to make that decision.
Speaker 4: You don't want to get rid of the car, And
Speaker 4: I guess the car is just an analogy, right, Like
Speaker 4: it might be the exhibition, it might be the trip
Speaker 4: to Sydney, it might be a trip to Bali with
Speaker 4: your girlfriends, it might be literally anything, right, I think
Speaker 4: that it is uncomfortable to make that decision, and you might.
Speaker 1: Honestly, you might annoy a few people, that's all right,
Speaker 1: because they're only going to be annoyed for a little
Speaker 1: bit of time, but that loan would have lasted.
Speaker 4: If they are true friends. Yes, they might be like, oh,
Speaker 4: I really wanted to do that thing. I really wanted
Speaker 4: to go on X y Z with Beck. But that
Speaker 4: makes sense. She's putting herself in the best possible position,
Speaker 4: and because I'm her friend, that's what I want for
Speaker 4: her too. Yes, And if they don't trash friends need
Speaker 4: new ones exactly, this is a really good way to.
Speaker 1: Weed out those who maybe don't care.
Speaker 4: And I think future you is absolutely thanking you for
Speaker 4: how comfortable they're going to be once that decision starts
Speaker 4: to pay its little dividends. Right, And Danny Boy his
Speaker 4: choice to rude to call him Danny.
Speaker 1: Boy Danny boy, I think is okay. I mean you
Speaker 1: called him daddy, So I think it's probably a little bit.
Speaker 1: It's much much worse, I think, So I think Danny's fine.
Speaker 4: Dan Andrews's decision I think was actually really really good
Speaker 4: because it prioritized healthcare and the well being of Victorians
Speaker 4: over the Commonwealth games, and I think it should be commended,
Speaker 4: not condemned, in exactly the same way that I think
Speaker 4: your personal financial decisions should be if you're putting future
Speaker 4: you first.
Speaker 1: Like, that's real sexy.
Speaker 4: I do never think that I use the word sexy
Speaker 4: and Dan Andrews in the same sentence.
Speaker 1: Yet here we are.
Speaker 2: There.
Speaker 1: I could have seen it coming, but I've got a
Speaker 1: very different taste.
Speaker 4: Yeah, look, honestly not your vibe. I mean I thought
Speaker 4: maybe he could have been.
Speaker 1: When you were like, hey daddy, I was like, wow,
Speaker 1: where is this going. I'm mainly gay, but I have
Speaker 1: a very special place for Dan Andrews. That's oh, that's
Speaker 1: so hard. I'm I'm sure he does not want to
Speaker 1: know that he did. He did, he did. He's so lucky.
Speaker 1: I think it's so important to understand that.
Speaker 4: Embracing change, which is really uncomfortable, right, Change makes us
Speaker 4: feel icky because humans at the center of it, we
Speaker 4: don't like change. Change is uncomfortable, and change makes us
Speaker 4: feel like, oh, this is pushing me out of my
Speaker 4: comfort zone, and that's normal. But change and embracing it
Speaker 4: is this powerful act of personal growth and empowerment, and
Speaker 4: that is very sexy. So I think challenging this toxic
Speaker 4: culture that shames us for making really necessary adjustments to
Speaker 4: create a brighter and more sustainable future. Everyone should be
Speaker 4: jumping up and down and being like, heck, yeah, this
Speaker 4: is so good. But because we don't like change and
Speaker 4: other people don't like change, like, it doesn't feel as
Speaker 4: good as it should. And I think that you need
Speaker 4: to remember at the core of it that your financial
Speaker 4: wellbeing is in your hands, and your hands solely. Nobody
Speaker 4: is going to come and save you. And I think
Speaker 4: that that is this idea that if you're in a
Speaker 4: lot of debt, or if you have things that aren't
Speaker 4: working out for you, sometimes we just throw our hands
Speaker 4: in the air and be like someone else is going
Speaker 4: to fix it. Right, No one else is coming to
Speaker 4: fix it, Beck, You've got to fix it yourself. And
Speaker 4: I mean, I'll hold your hand the whole way that
Speaker 4: like I can hold your hand the whole way, and
Speaker 4: you might not make one single change, in which case
Speaker 4: I'm just wasting my time. But I think you need
Speaker 4: to understand that you're the one that needs to make
Speaker 4: the change. It's like when people write into the show, right,
Speaker 4: it's my favorite thing in the entire world. Please don't stop.
Speaker 4: It's my favorite. But people will say, oh, thanks, Beck
Speaker 4: and Victoria, you've changed my life. I'm out of debt.
Speaker 4: I'm this, I'm that I didn't do that. You did that.
Speaker 4: Do you know how many people listen to our content
Speaker 4: and don't make change? Do you know how many people
Speaker 4: listen to our content and go, that's too hard or
Speaker 4: that's too uncomfortable, and they never pick our podcast up again.
Speaker 4: But you pick up the podcast, or you pick up
Speaker 4: our content, or you pick up the tools and resources
Speaker 4: that we've directed you to and you used them, Like
Speaker 4: that's on. You don't thank me, Like I'm just putting
Speaker 4: the information out there. And I think it's so important
Speaker 4: to give yourself that credit because your financial well being
Speaker 4: it's not in my hands.
Speaker 1: I might have.
Speaker 4: Introduced you to it, but like lots of people could
Speaker 4: have introduced you to it, and you might not have
Speaker 4: been ready to hear it. But I was just in
Speaker 4: the right place at the right time with you. But
Speaker 4: it was totally up to you, and you need to
Speaker 4: give yourself credit for that. And it's totally okay to
Speaker 4: change your mind to put yourself in a better position.
Speaker 4: And I think that is so sexy, but it's also
Speaker 4: it's not me, it's you did it. So like if
Speaker 4: you're going to make change, you need to give yourself
Speaker 4: the credit for that.
Speaker 1: That is powerful and so truly. I think it's a
Speaker 1: great place too.
Speaker 4: I think it's a fantastic good place to leave it
Speaker 4: because I've run out of inspirational things to say to that.
Speaker 1: That's a real shame because I will need some after this.
Speaker 1: But that's okay, we'll work on it. I'll cut up
Speaker 1: with your own said list.
Speaker 4: Thank you so much, no worries, have a good day, guys,
Speaker 4: will see you next week.
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Speaker 5: She's on the Money exists purely for educational purposes and
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Speaker 5: financial decision.
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