1
00:00:00,600 --> 00:00:04,840
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or

2
00:00:04,880 --> 00:00:08,600
Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before

3
00:00:08,600 --> 00:00:11,080
Speaker 1: we get started on She's on the Money podcast, I

4
00:00:11,119 --> 00:00:14,240
Speaker 1: would like to acknowledge the traditional custodians of the land

5
00:00:14,360 --> 00:00:17,599
Speaker 1: of which this podcast is recorded on a wondery country,

6
00:00:18,079 --> 00:00:22,200
Speaker 1: acknowledging the elders, the ancestors and the next generation coming

7
00:00:22,239 --> 00:00:26,880
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

8
00:00:27,000 --> 00:00:30,040
Speaker 1: and the storytelling of you to make a difference for

9
00:00:30,160 --> 00:00:33,040
Speaker 1: today and lasting impact for tomorrow.

10
00:00:33,240 --> 00:00:34,120
Speaker 2: Let's get into it.

11
00:00:34,280 --> 00:00:38,400
Speaker 3: She's on the Money, She's on the Money.

12
00:00:57,320 --> 00:01:00,400
Speaker 4: Hello, and welcome to She's on the Money guys, the

13
00:01:00,400 --> 00:01:05,000
Speaker 4: Meg's personal finance fun especially on Fridays. It is our

14
00:01:05,000 --> 00:01:06,920
Speaker 4: favorite day of the week because I get to get

15
00:01:07,000 --> 00:01:07,960
Speaker 4: my little team.

16
00:01:07,720 --> 00:01:11,120
Speaker 2: Together and we get to celebrate you our incredible.

17
00:01:10,520 --> 00:01:14,160
Speaker 4: She's on the Money community. Miss Jess Gricci is here here,

18
00:01:14,600 --> 00:01:18,520
Speaker 4: She's here sharing her Miss becksay ed, you've got a

19
00:01:18,560 --> 00:01:21,160
Speaker 4: few broke tips this week, and we're going to be

20
00:01:21,200 --> 00:01:24,360
Speaker 4: helping to answer a juicy money dilemma, which this week

21
00:01:24,680 --> 00:01:27,600
Speaker 4: is all about commercial real estate and whether it's a

22
00:01:27,640 --> 00:01:31,480
Speaker 4: good alternative when you can't afford a house, which I

23
00:01:31,480 --> 00:01:34,319
Speaker 4: think will be a spicy conversation and something that you

24
00:01:34,360 --> 00:01:38,319
Speaker 4: slid into our DMS about guys, should you hold onto

25
00:01:38,319 --> 00:01:41,400
Speaker 4: your investment when the CEO of a company is actually

26
00:01:41,480 --> 00:01:46,720
Speaker 4: acting unethically? So I feel like that's like less relationship drama,

27
00:01:47,040 --> 00:01:49,920
Speaker 4: which like I want more of that slide into our dms.

28
00:01:49,960 --> 00:01:52,200
Speaker 4: But also I feel like this is like, I know,

29
00:01:52,400 --> 00:01:56,280
Speaker 4: an ethical canundro like do you don't you like? And

30
00:01:56,400 --> 00:01:59,880
Speaker 4: also are you talking about your CEO or you've seen

31
00:02:00,160 --> 00:02:01,320
Speaker 4: something in the media.

32
00:02:02,520 --> 00:02:03,120
Speaker 5: Interesting?

33
00:02:03,400 --> 00:02:03,640
Speaker 4: Yeah?

34
00:02:03,720 --> 00:02:06,760
Speaker 5: Anyway, before we get there, how were your weeks?

35
00:02:07,160 --> 00:02:08,800
Speaker 3: Nothing exciting to report from me?

36
00:02:09,000 --> 00:02:10,920
Speaker 5: Just I'm sorry, just how many flat tires?

37
00:02:11,040 --> 00:02:11,440
Speaker 2: Yeah?

38
00:02:11,840 --> 00:02:14,959
Speaker 3: One and two new tires and three hundred dollars later?

39
00:02:15,040 --> 00:02:20,080
Speaker 3: Thank you so much? Literally, No, it's it's been you know, a.

40
00:02:20,080 --> 00:02:20,520
Speaker 2: Couple of days.

41
00:02:20,639 --> 00:02:24,480
Speaker 3: Everything goes wrong, but it's what Yeah, how about you,

42
00:02:24,520 --> 00:02:26,960
Speaker 3: poor jess Ricky through it?

43
00:02:27,360 --> 00:02:28,600
Speaker 5: I feel like you view.

44
00:02:29,160 --> 00:02:32,160
Speaker 6: Bad luck like you're not always bad luck, but like

45
00:02:32,240 --> 00:02:35,079
Speaker 6: I think that you lean the universe has you leaning

46
00:02:35,080 --> 00:02:35,800
Speaker 6: a little bit bad luck.

47
00:02:35,840 --> 00:02:37,560
Speaker 3: I don't know what I did to deserve the bad.

48
00:02:39,760 --> 00:02:43,360
Speaker 6: This angel pie, I've ever met you don't deserve any

49
00:02:43,400 --> 00:02:43,600
Speaker 6: of that.

50
00:02:43,760 --> 00:02:45,640
Speaker 4: I'm sorry that you got a flat tire and it

51
00:02:45,680 --> 00:02:47,400
Speaker 4: wasn't even like a little bit like you sent me

52
00:02:47,440 --> 00:02:49,679
Speaker 4: a picture and she was sitting on the ground like

53
00:02:49,840 --> 00:02:50,280
Speaker 4: she was.

54
00:02:51,800 --> 00:02:55,480
Speaker 2: I did offer to change it, and I've done this before.

55
00:02:55,600 --> 00:02:57,600
Speaker 5: This is not new to me. I am actually the

56
00:02:57,680 --> 00:02:58,840
Speaker 5: v in the ra c V.

57
00:02:59,840 --> 00:03:01,800
Speaker 4: But as we were saying before, you were like, but

58
00:03:01,880 --> 00:03:03,760
Speaker 4: I don't have a tire, and I was like, oh,

59
00:03:03,840 --> 00:03:05,320
Speaker 4: I don't come prepared.

60
00:03:05,040 --> 00:03:09,000
Speaker 2: Like I'm a b Wayoh yeah.

61
00:03:08,560 --> 00:03:10,280
Speaker 4: If you've got the stuff, I'll give it a crack.

62
00:03:10,400 --> 00:03:15,079
Speaker 4: I don't promise to be good, but I will try. Thankfully,

63
00:03:15,080 --> 00:03:18,600
Speaker 4: I just found someone who was reputable, Yes, beautiful.

64
00:03:18,680 --> 00:03:21,960
Speaker 6: That's probably the safest bet.

65
00:03:22,000 --> 00:03:25,120
Speaker 4: It's like I won't be here, but Beck and I

66
00:03:25,160 --> 00:03:26,440
Speaker 4: we could do anything together.

67
00:03:26,440 --> 00:03:27,000
Speaker 5: Absolutely.

68
00:03:27,400 --> 00:03:29,400
Speaker 2: You need a new car built, Jess, I Reckon Beck

69
00:03:29,440 --> 00:03:33,200
Speaker 2: and I could do it from scratch. I believe scratch absolutely,

70
00:03:33,200 --> 00:03:35,120
Speaker 2: and one that doesn't exist at the moment.

71
00:03:35,280 --> 00:03:38,720
Speaker 3: We meant to car for Elon flying car that was

72
00:03:38,800 --> 00:03:39,800
Speaker 3: off all my problems.

73
00:03:40,280 --> 00:03:42,400
Speaker 5: Okay, let's get silent, say less.

74
00:03:42,480 --> 00:03:47,600
Speaker 6: Maybe anything for you your week. My week's been really lovely.

75
00:03:47,640 --> 00:03:49,200
Speaker 6: I took a few days off.

76
00:03:49,480 --> 00:03:50,920
Speaker 5: I saw it on Instagram.

77
00:03:51,040 --> 00:03:53,800
Speaker 6: Yeah, I've just been like, I feel like I was

78
00:03:53,840 --> 00:03:56,240
Speaker 6: a stay at home wife for a little while and i'd.

79
00:03:56,120 --> 00:03:58,480
Speaker 5: Just be really playing stay at home? Did you enjoy

80
00:03:58,520 --> 00:03:58,920
Speaker 5: that life?

81
00:03:58,960 --> 00:04:01,880
Speaker 2: I love? I was like, oh my god.

82
00:04:01,720 --> 00:04:04,240
Speaker 6: Just wake up whenever I want my friends. That's the

83
00:04:04,280 --> 00:04:05,920
Speaker 6: life I meant to live. But I also made this

84
00:04:06,120 --> 00:04:09,560
Speaker 6: lovely sweet tato brownie. I never cook, you know, but anyway,

85
00:04:09,600 --> 00:04:12,200
Speaker 6: and also is a t I bit. The only downside

86
00:04:12,280 --> 00:04:14,600
Speaker 6: is that I've had some stomach issues and I've been

87
00:04:14,600 --> 00:04:15,320
Speaker 6: really clogged up.

88
00:04:15,440 --> 00:04:18,000
Speaker 2: And that's that's where I'm at right now. That I

89
00:04:18,080 --> 00:04:20,279
Speaker 2: used to go two three times a day.

90
00:04:20,560 --> 00:04:26,240
Speaker 4: Okay, this feels like a lot, so I'm not surprised.

91
00:04:26,839 --> 00:04:29,000
Speaker 2: Moved onwards and not outputs.

92
00:04:29,120 --> 00:04:32,760
Speaker 3: Everyone is becoming very comfortable, you know, remember maybe your

93
00:04:32,839 --> 00:04:35,000
Speaker 3: lounger getting too comfortable podcast.

94
00:04:35,960 --> 00:04:38,160
Speaker 2: Sorry about that, guys. If anyone has any advice on how.

95
00:04:38,080 --> 00:04:43,720
Speaker 5: To no worries, we'll talk about runs later. Let's move on.

96
00:04:43,760 --> 00:04:47,040
Speaker 2: Would you guys like to have a five star review?

97
00:04:47,400 --> 00:04:47,960
Speaker 3: Absolutely?

98
00:04:48,240 --> 00:04:48,560
Speaker 7: Please?

99
00:04:48,640 --> 00:04:50,200
Speaker 5: Serenade style yes please?

100
00:04:50,279 --> 00:04:53,080
Speaker 4: Yeah? Okay, so say less spec this one. I think

101
00:04:53,120 --> 00:04:56,280
Speaker 4: you're gonna like. This one comes from r X nine

102
00:04:56,320 --> 00:04:57,600
Speaker 4: two X y.

103
00:04:58,640 --> 00:05:00,640
Speaker 2: How would you pronounce that pronounced real?

104
00:05:01,279 --> 00:05:01,520
Speaker 4: Yeah?

105
00:05:02,160 --> 00:05:02,680
Speaker 5: Perfect?

106
00:05:03,480 --> 00:05:05,159
Speaker 2: Love that She's on the Money Team.

107
00:05:05,880 --> 00:05:10,000
Speaker 4: After leaving a financial abusive relationship and living paycheck to paycheck,

108
00:05:10,080 --> 00:05:13,760
Speaker 4: I managed to buy a house solo six months later,

109
00:05:14,040 --> 00:05:18,359
Speaker 4: and soon after that found this podcast. The financial literacy

110
00:05:18,480 --> 00:05:20,920
Speaker 4: I now have is amazing thanks to the She's on

111
00:05:20,960 --> 00:05:21,599
Speaker 4: the Money Team.

112
00:05:21,920 --> 00:05:23,159
Speaker 5: Fast forward a few years.

113
00:05:23,480 --> 00:05:27,039
Speaker 4: I've nearly fully renovated my house, I have an emergency fund,

114
00:05:27,080 --> 00:05:29,919
Speaker 4: and I'm going on a big five week trip to Europe,

115
00:05:30,240 --> 00:05:33,240
Speaker 4: and I'm investing a one thousand dollars a month for

116
00:05:33,320 --> 00:05:36,360
Speaker 4: future me. I now have a financial plan and I am

117
00:05:36,360 --> 00:05:39,560
Speaker 4: working on my money mindset. Could not thank She's on

118
00:05:39,600 --> 00:05:43,120
Speaker 4: the Money enough for providing a simple, fun and entertaining

119
00:05:43,120 --> 00:05:46,920
Speaker 4: money podcast. I look forward to listening to every single week.

120
00:05:47,200 --> 00:05:51,880
Speaker 4: Oh my god, that's mege your story, seriously, that is the.

121
00:05:53,400 --> 00:05:55,839
Speaker 5: Can you send me a DM because I'd like to

122
00:05:55,880 --> 00:05:57,080
Speaker 5: do a money diary with you.

123
00:05:57,440 --> 00:05:59,000
Speaker 2: That would be so cool.

124
00:05:59,320 --> 00:06:02,600
Speaker 6: That's really good, cool, good on you are seven nine

125
00:06:02,640 --> 00:06:03,360
Speaker 6: to three.

126
00:06:04,200 --> 00:06:09,400
Speaker 4: I like your name, it's unique. The username was available.

127
00:06:11,200 --> 00:06:13,760
Speaker 4: Oh my goodness. I love a five star review because

128
00:06:13,800 --> 00:06:17,760
Speaker 4: I just I love knowing how we have impacted our community.

129
00:06:17,920 --> 00:06:20,520
Speaker 4: Like it's funny because you know, it's the three of

130
00:06:20,600 --> 00:06:22,680
Speaker 4: us in the studio right now having a chat, and

131
00:06:23,000 --> 00:06:26,000
Speaker 4: we are so comfortable because we forget that literally hundreds

132
00:06:26,000 --> 00:06:28,400
Speaker 4: of thousands of people listen to our podcast each and

133
00:06:28,480 --> 00:06:31,280
Speaker 4: every single month. I mean, Beck talks about volvers and

134
00:06:31,400 --> 00:06:35,840
Speaker 4: stomach issues as though hundreds of thousands of people are

135
00:06:36,000 --> 00:06:39,520
Speaker 4: not actually tuning in. So like having those little bits

136
00:06:39,520 --> 00:06:43,120
Speaker 4: that really connect us to you and it just reminds

137
00:06:43,200 --> 00:06:44,719
Speaker 4: us that we are doing the right thing and we

138
00:06:44,760 --> 00:06:47,080
Speaker 4: are on track, and we are surrounded by the right people,

139
00:06:47,120 --> 00:06:49,200
Speaker 4: and it just it literally is my favorite part of

140
00:06:49,200 --> 00:06:52,839
Speaker 4: the week, like sharing, it's so special. But anyway, another

141
00:06:52,920 --> 00:06:55,719
Speaker 4: favorite part of my week is the money Wins and

142
00:06:55,760 --> 00:07:00,360
Speaker 4: Confessions thread that happens every single week in our Facebook community.

143
00:07:00,640 --> 00:07:03,000
Speaker 5: Miss jess Arici, what are the highlights?

144
00:07:03,120 --> 00:07:06,360
Speaker 3: Alrighty? Firstly, I've got one from Brianna who said money win.

145
00:07:06,520 --> 00:07:08,960
Speaker 3: I went to a run club and all the women

146
00:07:09,040 --> 00:07:11,480
Speaker 3: who were there were gifted a pair of Pumic sneakers.

147
00:07:11,560 --> 00:07:14,800
Speaker 3: It was apparently an IWD activation a.

148
00:07:14,840 --> 00:07:18,520
Speaker 5: Deal two hundred bucks. Oh my god, so expensive? Why

149
00:07:18,680 --> 00:07:19,760
Speaker 5: sheoes so expensive?

150
00:07:19,920 --> 00:07:20,160
Speaker 1: You know?

151
00:07:20,280 --> 00:07:21,920
Speaker 3: Have I told you about my ones that I think

152
00:07:21,960 --> 00:07:23,520
Speaker 3: I have. They have holes in them, so I just

153
00:07:23,560 --> 00:07:24,440
Speaker 3: wear black socks.

154
00:07:24,520 --> 00:07:28,000
Speaker 4: You can't because the shoes Jessica, I will buy you

155
00:07:28,080 --> 00:07:29,720
Speaker 4: in your sit really ruined.

156
00:07:29,720 --> 00:07:31,360
Speaker 3: But I just can't bring myself to buy new ones.

157
00:07:31,400 --> 00:07:33,720
Speaker 3: They're so expensive. Anyway, maybe I should join a run

158
00:07:33,760 --> 00:07:36,360
Speaker 3: club and that'll solve all my problems. Next, I've got

159
00:07:36,360 --> 00:07:38,960
Speaker 3: a money win from Aunt who said money win. I

160
00:07:39,040 --> 00:07:41,920
Speaker 3: found my chooks hidden stash of eggs right before I

161
00:07:41,960 --> 00:07:43,080
Speaker 3: had to give up and buy some.

162
00:07:43,400 --> 00:07:44,720
Speaker 2: I love the chicks do that.

163
00:07:45,000 --> 00:07:45,840
Speaker 5: They're so cute that.

164
00:07:45,800 --> 00:07:48,000
Speaker 3: They like find new places to lay their eggs and

165
00:07:48,040 --> 00:07:49,160
Speaker 3: get comfy.

166
00:07:48,960 --> 00:07:50,640
Speaker 2: And they're like, oh, this good spot.

167
00:07:50,920 --> 00:07:51,280
Speaker 6: Yeah.

168
00:07:51,400 --> 00:07:53,240
Speaker 4: Like if you're a chicken and you didn't like have

169
00:07:53,320 --> 00:07:55,160
Speaker 4: a permanent home, like maybe you got your hatch, but

170
00:07:55,200 --> 00:07:56,880
Speaker 4: like you're always looking for good locations.

171
00:07:56,960 --> 00:07:57,160
Speaker 3: Yeah.

172
00:07:57,160 --> 00:07:58,280
Speaker 2: I love chickens too.

173
00:07:58,320 --> 00:08:02,200
Speaker 4: They're so some people think that they're really scary, but

174
00:08:02,720 --> 00:08:06,480
Speaker 4: they are so cute. Actually, speaking of like feathered friends,

175
00:08:06,560 --> 00:08:09,119
Speaker 4: do you guys follow Alisha who works for Zella Money

176
00:08:09,280 --> 00:08:14,800
Speaker 4: on Instagram? So Alisha is one of our team members.

177
00:08:14,800 --> 00:08:16,400
Speaker 4: I don't oh, you would have met them at some

178
00:08:16,520 --> 00:08:20,960
Speaker 4: point anyway. Alisha is gorgeous and she went to her

179
00:08:21,040 --> 00:08:23,440
Speaker 4: dad's house over the weekend. He like lives a little

180
00:08:23,440 --> 00:08:26,400
Speaker 4: bit further towards New South Wales. He has pet emuse.

181
00:08:27,040 --> 00:08:31,480
Speaker 4: Oh wow, and they're super affectionate, like and they cuddley

182
00:08:31,520 --> 00:08:34,360
Speaker 4: hats and scratches. And I was like, babe, you've got

183
00:08:34,400 --> 00:08:36,080
Speaker 4: one of your siblings is an EMU?

184
00:08:36,760 --> 00:08:37,840
Speaker 2: That is really cute?

185
00:08:37,960 --> 00:08:38,079
Speaker 3: Is it?

186
00:08:38,200 --> 00:08:38,320
Speaker 4: Like?

187
00:08:38,400 --> 00:08:39,640
Speaker 2: I didn't even know that was Yeah.

188
00:08:39,720 --> 00:08:41,199
Speaker 4: I was like, can I just get an mem you

189
00:08:41,320 --> 00:08:43,720
Speaker 4: and she said no, you actually have to have licenses

190
00:08:43,760 --> 00:08:47,960
Speaker 4: and and he's got land so he's allowed. But she

191
00:08:48,080 --> 00:08:51,880
Speaker 4: has multiple EMU siblings and that is just not what

192
00:08:51,920 --> 00:08:55,600
Speaker 4: I expected to see on the internet over the weekends.

193
00:08:56,120 --> 00:09:00,680
Speaker 5: I want to cuddle him same what his name is?

194
00:09:00,840 --> 00:09:01,000
Speaker 1: No?

195
00:09:01,240 --> 00:09:02,679
Speaker 5: But do you know what his brother's name is?

196
00:09:02,880 --> 00:09:03,200
Speaker 3: Ernie?

197
00:09:03,280 --> 00:09:06,360
Speaker 2: Yes? Oh that is very cute.

198
00:09:06,679 --> 00:09:08,640
Speaker 4: Really, what else have you got, Jess? Sorry I had

199
00:09:08,679 --> 00:09:10,240
Speaker 4: to tell you about Alicia's Amy's.

200
00:09:10,240 --> 00:09:11,120
Speaker 2: Oh, I'm very into it.

201
00:09:11,160 --> 00:09:12,920
Speaker 3: Next, I've got money in from Amy, who said she's

202
00:09:12,920 --> 00:09:15,760
Speaker 3: managed to increase her emergency fund by twenty percent in

203
00:09:15,800 --> 00:09:17,600
Speaker 3: the last month to help her with the rising cost

204
00:09:17,640 --> 00:09:20,360
Speaker 3: of living. That's actually so cool and good reminder with

205
00:09:20,440 --> 00:09:23,200
Speaker 3: how expensive everything is getting might be a good time

206
00:09:23,320 --> 00:09:25,480
Speaker 3: to double check if your emergency fund still covers the

207
00:09:25,480 --> 00:09:27,040
Speaker 3: amount of time that you want it to, because we

208
00:09:27,080 --> 00:09:28,840
Speaker 3: all probably need to chuck a little bit more in

209
00:09:28,880 --> 00:09:29,520
Speaker 3: there at the moment.

210
00:09:29,720 --> 00:09:32,280
Speaker 5: Oh so true, because money says like, oh yes, far

211
00:09:32,280 --> 00:09:33,000
Speaker 5: as he used to know.

212
00:09:33,559 --> 00:09:35,959
Speaker 3: Next, I've got money in from Samantha, who said, if

213
00:09:35,960 --> 00:09:38,520
Speaker 3: the health benefits aren't enough of an incentive to take

214
00:09:38,520 --> 00:09:40,760
Speaker 3: my dog for its nightly walk, then coming back with

215
00:09:40,800 --> 00:09:43,800
Speaker 3: a new free harness, giant tacchimi and some limes definitely

216
00:09:43,960 --> 00:09:44,560
Speaker 3: is sorry.

217
00:09:44,559 --> 00:09:46,560
Speaker 5: What well, you've just found all of those laying on

218
00:09:46,600 --> 00:09:47,400
Speaker 5: the floor.

219
00:09:47,559 --> 00:09:49,760
Speaker 3: So she said, love communities that are always leaving fresh

220
00:09:49,760 --> 00:09:51,640
Speaker 3: produce and free things out money win. So I think

221
00:09:51,640 --> 00:09:54,760
Speaker 3: maybe she's got a Facebook page, I've got like lots

222
00:09:54,760 --> 00:09:57,240
Speaker 3: of limes, or I've anyone near this dog harness mind's

223
00:09:57,240 --> 00:09:59,040
Speaker 3: grown out of it, something like that, and she's just

224
00:09:59,080 --> 00:10:00,160
Speaker 3: picked them up on her evening.

225
00:10:01,080 --> 00:10:04,880
Speaker 4: Has been growing zucchinis, and like, at what point do

226
00:10:04,920 --> 00:10:07,000
Speaker 4: you say just pick the zucchini duty?

227
00:10:07,520 --> 00:10:10,080
Speaker 5: Like the zucchinis that she's pulling out of her garden

228
00:10:10,160 --> 00:10:10,880
Speaker 5: is she trying to grow them?

229
00:10:11,440 --> 00:10:14,400
Speaker 4: They're massive, And I'm like I don't need this, Like

230
00:10:14,559 --> 00:10:17,360
Speaker 4: I needed half size, quarter size.

231
00:10:17,440 --> 00:10:19,959
Speaker 2: What do I do with like a two kilo zucchino?

232
00:10:19,960 --> 00:10:21,280
Speaker 5: One zucchini feeds the whole family.

233
00:10:21,400 --> 00:10:25,319
Speaker 4: Yeah, Like, I'm just finding lots of different recipes for zucchinis.

234
00:10:25,520 --> 00:10:28,160
Speaker 4: You want zucchini slaice, fantastic. I've also made it for

235
00:10:28,200 --> 00:10:30,440
Speaker 4: a tata. Also, we're having zucchini pasta.

236
00:10:30,960 --> 00:10:31,160
Speaker 1: You have.

237
00:10:32,360 --> 00:10:34,680
Speaker 3: She's usually going to turn into a giant zucchini any second.

238
00:10:35,120 --> 00:10:36,880
Speaker 3: And lastly, this week, I've got a money loss but

239
00:10:36,920 --> 00:10:39,480
Speaker 3: a life win from Jackie who said she bought a puppy,

240
00:10:39,679 --> 00:10:42,000
Speaker 3: Little Denise arrived last week and I couldn't be happier.

241
00:10:42,280 --> 00:10:45,240
Speaker 3: And we do indeed have a beautiful pet tax photo

242
00:10:45,280 --> 00:10:46,319
Speaker 3: that she put on the thread.

243
00:10:46,480 --> 00:10:47,680
Speaker 2: Oh, I might.

244
00:10:47,559 --> 00:10:49,040
Speaker 3: Be doing because.

245
00:10:52,559 --> 00:10:56,040
Speaker 6: Also people named the dogs. Yeah, I want to say

246
00:10:56,679 --> 00:10:59,280
Speaker 6: I love that. Yeah, I've got a Susan in my circle,

247
00:11:00,080 --> 00:11:05,480
Speaker 6: a huge I'm a dog rescue Greyhounds. We will have

248
00:11:05,800 --> 00:11:08,840
Speaker 6: you must have in my community.

249
00:11:09,440 --> 00:11:10,800
Speaker 2: I'm obsessed, Jess.

250
00:11:10,840 --> 00:11:12,319
Speaker 4: I feel like that was a good one to end

251
00:11:12,360 --> 00:11:14,320
Speaker 4: on beck Broke tips.

252
00:11:14,559 --> 00:11:15,280
Speaker 2: What are they?

253
00:11:15,480 --> 00:11:15,680
Speaker 4: Yes?

254
00:11:15,840 --> 00:11:20,079
Speaker 6: So this song comes from Emma who lives in South Australia,

255
00:11:20,200 --> 00:11:24,280
Speaker 6: and I have mentioned the RACV situation here in Victoria.

256
00:11:24,280 --> 00:11:25,800
Speaker 2: There's a lot of benefits, but this one is.

257
00:11:26,400 --> 00:11:30,600
Speaker 6: South Australia and they're called r A and being a

258
00:11:30,600 --> 00:11:33,840
Speaker 6: member you get deals discounts with certain businesses. For example,

259
00:11:33,880 --> 00:11:38,120
Speaker 6: restaurants offer kids eat free, complimentary drinks, extra meal on.

260
00:11:38,280 --> 00:11:39,080
Speaker 2: Feed me menu.

261
00:11:39,520 --> 00:11:42,319
Speaker 6: There's also cheap movie tickets or zoo tickets, and can

262
00:11:42,360 --> 00:11:45,440
Speaker 6: buy well leasse E gift cards for four percent discount.

263
00:11:45,640 --> 00:11:48,720
Speaker 6: I think is great, which I think. I love that

264
00:11:48,760 --> 00:11:51,640
Speaker 6: kind of stuff, back and stuff. It's like if you

265
00:11:51,800 --> 00:11:54,520
Speaker 6: do that first and then go do your shop it's

266
00:11:54,559 --> 00:11:57,160
Speaker 6: just like money that you say it is so smart.

267
00:11:57,280 --> 00:11:59,600
Speaker 4: It's one of the girls that I interviewed this morning

268
00:11:59,600 --> 00:12:02,600
Speaker 4: for Money Diaries was actually like, please thank Beck for

269
00:12:02,679 --> 00:12:05,040
Speaker 4: me because I've been playing the shop back games while

270
00:12:05,080 --> 00:12:07,000
Speaker 4: watching Maths and I've made fifty bucks.

271
00:12:07,120 --> 00:12:11,040
Speaker 2: Yes, it's really good. I need to dive in a

272
00:12:11,080 --> 00:12:11,680
Speaker 2: little bit more.

273
00:12:11,720 --> 00:12:14,720
Speaker 4: But well you recommended it to someone, she's taken it.

274
00:12:14,760 --> 00:12:17,800
Speaker 4: She's made fifty bucks. That's really a good deal.

275
00:12:17,920 --> 00:12:18,520
Speaker 2: That's so good.

276
00:12:18,760 --> 00:12:21,440
Speaker 6: I know. There's also this thing that shot Back are

277
00:12:21,440 --> 00:12:23,040
Speaker 6: doing where it's like, you know, you go into a

278
00:12:23,440 --> 00:12:27,920
Speaker 6: sponsor by shot back and I shot back at the

279
00:12:27,920 --> 00:12:30,560
Speaker 6: moment like shot Back call me, but like maybe you

280
00:12:30,640 --> 00:12:31,320
Speaker 6: are sorry.

281
00:12:31,559 --> 00:12:34,840
Speaker 2: I'm don't be sorry. They can have free shout outs.

282
00:12:34,840 --> 00:12:37,040
Speaker 4: We just want to disclose. You know, we would be

283
00:12:37,040 --> 00:12:38,440
Speaker 4: true and ethical if we didn't.

284
00:12:38,600 --> 00:12:38,920
Speaker 2: Oh.

285
00:12:38,960 --> 00:12:42,800
Speaker 6: Absolutely absolutely, She's not sponsored. She's just obsessed.

286
00:12:43,280 --> 00:12:44,600
Speaker 2: I am obsessed. I'm obsessed.

287
00:12:44,920 --> 00:12:46,679
Speaker 6: It was my best friend was trying to buy a

288
00:12:46,720 --> 00:12:48,360
Speaker 6: MacBook the other day, not on shot back, and I

289
00:12:48,360 --> 00:12:52,080
Speaker 6: almost projectile vomited. I was like, why are you spending

290
00:12:52,120 --> 00:12:55,559
Speaker 6: money right now? And not anyway, but it's great you

291
00:12:55,600 --> 00:12:57,840
Speaker 6: get on. That's not what the broad tip is. It

292
00:12:58,000 --> 00:13:00,200
Speaker 6: is about what is the broke You're a a from

293
00:13:00,280 --> 00:13:03,280
Speaker 6: South Australia and the member benefits, so keep that in

294
00:13:03,320 --> 00:13:05,880
Speaker 6: your back pocket if you live in South Australia. So

295
00:13:05,920 --> 00:13:08,000
Speaker 6: the next one comes from my girlfriend who sent me

296
00:13:08,080 --> 00:13:11,960
Speaker 6: TikTok about this place called pandom Art, which apparently cheap

297
00:13:11,960 --> 00:13:13,040
Speaker 6: and I don't know why it's cheap, but.

298
00:13:13,000 --> 00:13:15,600
Speaker 4: Oh hold on, hold on, let's sear the broke tip.

299
00:13:15,679 --> 00:13:18,200
Speaker 4: And then, Jess, I know what you're going to say.

300
00:13:18,960 --> 00:13:22,280
Speaker 6: I'm live nervous, but as far as I know, it's

301
00:13:22,280 --> 00:13:24,480
Speaker 6: like a diso a Days of Swords.

302
00:13:24,520 --> 00:13:26,360
Speaker 4: It's like everything just really cheap. Yeah, and if you

303
00:13:26,440 --> 00:13:28,080
Speaker 4: said that a couple of weeks ago. I think Jess

304
00:13:28,080 --> 00:13:29,680
Speaker 4: and I would have been like, yeah, that's great. So

305
00:13:29,720 --> 00:13:32,319
Speaker 4: you're saying, there's like another cool shop that sells what

306
00:13:32,480 --> 00:13:34,520
Speaker 4: your friend sent it to you because it's like cheap.

307
00:13:35,080 --> 00:13:38,240
Speaker 6: Yeah, everything everything even, like, but this is the thing

308
00:13:38,280 --> 00:13:39,720
Speaker 6: is that, like I think if you're if you do it,

309
00:13:39,760 --> 00:13:42,160
Speaker 6: can't afford that much. You're like, oh, I'm just trying

310
00:13:42,160 --> 00:13:43,040
Speaker 6: to block out the fact that this.

311
00:13:43,240 --> 00:13:45,360
Speaker 4: It's like when you got to like NQR, you're kind

312
00:13:45,400 --> 00:13:47,719
Speaker 4: of like, yeah, I get a good deal, but I

313
00:13:47,800 --> 00:13:48,439
Speaker 4: don't know about it.

314
00:13:48,520 --> 00:13:51,440
Speaker 6: You don't know unethical. Is this being made somewhere really bad?

315
00:13:51,480 --> 00:13:53,080
Speaker 6: But I don't know about it? And so like that's

316
00:13:53,120 --> 00:13:56,320
Speaker 6: not my friend's like, oh, but if you can't afford

317
00:13:56,400 --> 00:14:05,040
Speaker 6: then it's like a dollar for a whole you know.

318
00:14:01,920 --> 00:14:02,600
Speaker 5: I know what you mean.

319
00:14:02,920 --> 00:14:05,000
Speaker 4: I feel like we're gonna have to null and void

320
00:14:05,120 --> 00:14:09,520
Speaker 4: your money when or your broke tip because yes, I

321
00:14:09,600 --> 00:14:12,400
Speaker 4: see you scurrying to your phone to Google to the

322
00:14:12,480 --> 00:14:15,880
Speaker 4: headlines what happened to pandoma recently?

323
00:14:16,240 --> 00:14:19,600
Speaker 3: They had like a big police rape.

324
00:14:21,000 --> 00:14:22,400
Speaker 5: Read the headline.

325
00:14:21,960 --> 00:14:25,240
Speaker 3: Jam It says urgent warning over dangerous items from New

326
00:14:25,280 --> 00:14:26,600
Speaker 3: Melbourne discount shop.

327
00:14:26,480 --> 00:14:29,160
Speaker 2: And we'll do it like knives.

328
00:14:28,960 --> 00:14:32,160
Speaker 3: Or well, apparently there were thousands of products that they

329
00:14:32,200 --> 00:14:35,040
Speaker 3: believe will fail to meet the mandatory product safety and

330
00:14:35,080 --> 00:14:37,760
Speaker 3: information standards, including items that could be dangerous. I know.

331
00:14:37,840 --> 00:14:39,960
Speaker 3: I saw a lot of people on TikTok talking on Pandama,

332
00:14:40,000 --> 00:14:41,760
Speaker 3: and then I saw a lot of people on TikTok saying,

333
00:14:41,800 --> 00:14:43,920
Speaker 3: oh my gosh, pandoma.

334
00:14:44,280 --> 00:14:48,560
Speaker 5: So people, maybe let's not go to Pandama.

335
00:14:49,240 --> 00:14:50,880
Speaker 4: That could have been a good broke tip if you

336
00:14:51,040 --> 00:14:54,040
Speaker 4: used it much earlier before we knew that truly got raided.

337
00:14:54,240 --> 00:14:54,600
Speaker 2: I see.

338
00:14:55,000 --> 00:14:57,320
Speaker 4: But the more you know, the more educated we are,

339
00:14:57,520 --> 00:14:59,240
Speaker 4: the more informed decisions we can make.

340
00:14:59,440 --> 00:15:01,760
Speaker 6: A find it weird because it's just like in my mind,

341
00:15:01,760 --> 00:15:04,560
Speaker 6: it popped up out of nowhere and we did gone

342
00:15:04,600 --> 00:15:06,240
Speaker 6: before we could even.

343
00:15:06,120 --> 00:15:10,560
Speaker 5: Hear today, Gone tomorrow, exactly, exactly sorry that we are.

344
00:15:10,880 --> 00:15:13,520
Speaker 4: Yeah, I'm sorry that we ruined that one for you.

345
00:15:13,520 --> 00:15:15,640
Speaker 4: Your personal one is gonna redeem this.

346
00:15:16,120 --> 00:15:21,000
Speaker 6: So I have calculated because my girlfriend.

347
00:15:21,520 --> 00:15:25,240
Speaker 2: Friend, Yes, sorry, I didn't. I genuinely feel so annoying

348
00:15:25,240 --> 00:15:27,600
Speaker 2: when I do that, but I'm just like context, I

349
00:15:27,640 --> 00:15:30,240
Speaker 2: need you annoy us. I never want to not hear

350
00:15:30,280 --> 00:15:34,760
Speaker 2: about other jests. Maybe you'll join the show one day.

351
00:15:34,840 --> 00:15:38,200
Speaker 5: Let's have her on guess yess, we know so much

352
00:15:38,240 --> 00:15:38,760
Speaker 5: about you.

353
00:15:39,680 --> 00:15:42,280
Speaker 6: She's very like, she's very like have staples in the

354
00:15:42,320 --> 00:15:45,480
Speaker 6: house kind of girl, which I never am. So she

355
00:15:45,520 --> 00:15:47,440
Speaker 6: always wants bread. She's a big fan of having a

356
00:15:47,480 --> 00:15:49,160
Speaker 6: peanut butter toast in the morning. And so I was

357
00:15:49,200 --> 00:15:50,800
Speaker 6: like going out to buy brand and I keep buying

358
00:15:50,800 --> 00:15:54,160
Speaker 6: this bread. But it's like, sometimes nine dollars a loaf.

359
00:15:54,320 --> 00:15:55,520
Speaker 5: It's actually getting astronomic.

360
00:15:55,600 --> 00:15:58,240
Speaker 6: It's getting out of nine dollars, yeah, sometimes, And so

361
00:15:58,280 --> 00:16:00,280
Speaker 6: I was like, oh, I'll just make something, And so

362
00:16:00,400 --> 00:16:04,280
Speaker 6: I made for Kasha, and I realized, like genuinely, if

363
00:16:04,280 --> 00:16:06,280
Speaker 6: you buy like a five kilo you don't even have

364
00:16:06,320 --> 00:16:08,560
Speaker 6: to do this. You could just buy like five hundred

365
00:16:08,600 --> 00:16:11,680
Speaker 6: gram sashet of I don't know bread flour, but if

366
00:16:11,720 --> 00:16:13,840
Speaker 6: you buy it in bulk, it's obviously cheaper, but all

367
00:16:13,880 --> 00:16:16,360
Speaker 6: you really need is bread flour into yeast and that

368
00:16:16,360 --> 00:16:21,080
Speaker 6: will last so long. This for Kasha, I would say,

369
00:16:21,120 --> 00:16:24,080
Speaker 6: you can get like ten fifteen loaves out of a

370
00:16:24,120 --> 00:16:28,280
Speaker 6: five kilo bag just ten dollars. Now you have fresh

371
00:16:28,600 --> 00:16:31,640
Speaker 6: homemade loaves, and it is really not that hard to

372
00:16:31,640 --> 00:16:33,920
Speaker 6: make like if I can make it, literally, anyone can

373
00:16:33,960 --> 00:16:36,680
Speaker 6: make it. It is so easy, so quick. I don't know,

374
00:16:36,680 --> 00:16:39,040
Speaker 6: you gotta put a site some time whatever. But it's

375
00:16:39,120 --> 00:16:40,960
Speaker 6: so much cheaper than buying bread.

376
00:16:41,120 --> 00:16:43,280
Speaker 4: So I was talking to my dad about this. I

377
00:16:43,480 --> 00:16:45,800
Speaker 4: mentioned on the show before that my dad has started

378
00:16:45,840 --> 00:16:48,920
Speaker 4: making bread at home and it's like my favorite thing ever.

379
00:16:49,040 --> 00:16:51,040
Speaker 4: And I don't want to give him too much credit

380
00:16:51,480 --> 00:16:54,800
Speaker 4: because like he keeps like testing new recipes, but I

381
00:16:54,840 --> 00:16:57,840
Speaker 4: think he's nailed it. Like he has this crunchy on

382
00:16:57,880 --> 00:17:00,720
Speaker 4: the outside, soft on the inside. I would say, like,

383
00:17:00,760 --> 00:17:02,600
Speaker 4: you know, like French style bread, you know where it's

384
00:17:02,600 --> 00:17:05,960
Speaker 4: like the bread that you get that's just really good

385
00:17:06,000 --> 00:17:10,399
Speaker 4: with like butter. Anyway, he has calculated that to have

386
00:17:10,520 --> 00:17:13,920
Speaker 4: his bougie bread after you make it at home, it's

387
00:17:14,000 --> 00:17:16,720
Speaker 4: like two dollars ish a loaf, like that is a

388
00:17:16,760 --> 00:17:19,240
Speaker 4: money when that includes like the yeast and the flower

389
00:17:19,320 --> 00:17:21,360
Speaker 4: and whatnot. And he was telling me that you can

390
00:17:21,400 --> 00:17:24,080
Speaker 4: get these and you can just get the mccole's and woolies.

391
00:17:24,440 --> 00:17:28,359
Speaker 4: It's by the brand Luck la uc k. How would

392
00:17:28,359 --> 00:17:33,280
Speaker 4: you say that Luck? Look la Luck lurk.

393
00:17:33,440 --> 00:17:37,760
Speaker 5: Look they do a bread mix.

394
00:17:38,240 --> 00:17:40,359
Speaker 4: So it's already got the yeast and stuff in it,

395
00:17:40,480 --> 00:17:42,840
Speaker 4: so you don't have to do any of the math. Obviously,

396
00:17:42,840 --> 00:17:44,640
Speaker 4: it's going to be a bit more expensive than doing

397
00:17:44,720 --> 00:17:46,600
Speaker 4: it from scratch, but I just looked at it. It's

398
00:17:46,720 --> 00:17:49,960
Speaker 4: ten bucks for a box that is two point four kilos,

399
00:17:50,000 --> 00:17:51,640
Speaker 4: which apparently makes four loaves.

400
00:17:52,000 --> 00:17:53,639
Speaker 2: Oh you know what you could do?

401
00:17:54,119 --> 00:17:57,080
Speaker 4: Yeah, Facebook marketplace bread maker?

402
00:17:58,119 --> 00:17:59,840
Speaker 5: Oh yeah, bread maker.

403
00:18:00,119 --> 00:18:03,200
Speaker 4: Honestly, the old school bread makeout that has the bucket

404
00:18:03,240 --> 00:18:05,760
Speaker 4: inside that my mum had twenty years ago.

405
00:18:06,240 --> 00:18:07,240
Speaker 2: You want one of those?

406
00:18:07,440 --> 00:18:10,280
Speaker 4: Yeah, my dad has been testing out my mom's twenty

407
00:18:10,359 --> 00:18:12,800
Speaker 4: year old breadmaker that she used to use.

408
00:18:13,320 --> 00:18:14,520
Speaker 2: Perfect every time.

409
00:18:14,760 --> 00:18:16,720
Speaker 4: Okay, you can pick up or if you can, like

410
00:18:16,800 --> 00:18:19,960
Speaker 4: rummage through a parents or a grandparent's cupboard and see

411
00:18:19,960 --> 00:18:24,960
Speaker 4: if they still have one of those big white breadmakers. Yeah,

412
00:18:25,160 --> 00:18:27,000
Speaker 4: say less. Oh my god, that's great.

413
00:18:27,119 --> 00:18:29,080
Speaker 6: I mean it's really sounded like we're in the Great

414
00:18:29,119 --> 00:18:31,639
Speaker 6: Depression or something like make your bread at home, guys,

415
00:18:31,680 --> 00:18:32,800
Speaker 6: because we can't afford it.

416
00:18:32,800 --> 00:18:34,959
Speaker 5: But also but it is some activity.

417
00:18:35,080 --> 00:18:38,280
Speaker 6: Awesome your house, Oh my gosh, going to my parents'

418
00:18:38,280 --> 00:18:41,720
Speaker 6: house now, because like I'll say, oh, Dad.

419
00:18:41,800 --> 00:18:44,560
Speaker 5: What a coincidence that I'm calling you? At least eight

420
00:18:44,600 --> 00:18:47,520
Speaker 5: hours before I come to your house to let you

421
00:18:47,600 --> 00:18:48,679
Speaker 5: know that I'm coming.

422
00:18:48,440 --> 00:18:51,240
Speaker 4: To your house, and then I arrive at his house.

423
00:18:51,240 --> 00:18:54,879
Speaker 4: In the house smells like bread. Oh so nothing better. Yeah,

424
00:18:54,960 --> 00:18:57,480
Speaker 4: I feel like it's very Jessica, she coated. Yeah, to

425
00:18:57,560 --> 00:19:00,600
Speaker 4: be definitely making her own sour dough like I don't

426
00:19:00,640 --> 00:19:02,480
Speaker 4: think she'd be like us Beck, she's not going to

427
00:19:02,480 --> 00:19:04,520
Speaker 4: buy the pre mix. I can see her with her

428
00:19:04,560 --> 00:19:10,840
Speaker 4: own sour dough starter like she's she's going to be

429
00:19:10,920 --> 00:19:13,600
Speaker 4: there one day. Oh yes, I love that. Let's go

430
00:19:13,640 --> 00:19:15,560
Speaker 4: to a really quick break because on the flip side,

431
00:19:15,600 --> 00:19:18,119
Speaker 4: we're not going to talk about bread. We are actually

432
00:19:18,200 --> 00:19:21,240
Speaker 4: going to be talking about whether commercial real estate is

433
00:19:21,240 --> 00:19:23,720
Speaker 4: a good alternative if you have decided that you can't

434
00:19:23,880 --> 00:19:25,879
Speaker 4: afford a house, or if that's out of the question

435
00:19:26,400 --> 00:19:28,840
Speaker 4: and then you slid into our dms. This week we're

436
00:19:28,880 --> 00:19:31,760
Speaker 4: talking about should you hold onto your investment when you

437
00:19:31,840 --> 00:19:34,520
Speaker 4: realize that the CEO of the company you own is

438
00:19:34,560 --> 00:19:37,960
Speaker 4: actually relatively unethical, So don't go anywhere.

439
00:19:41,760 --> 00:19:44,240
Speaker 3: Welcome back, everybody. Let's take a listen to this week's

440
00:19:44,240 --> 00:19:46,960
Speaker 3: money dilemma.

441
00:19:47,160 --> 00:19:49,560
Speaker 4: Hi, there, have you got a money dilemma you just

442
00:19:49,600 --> 00:19:52,120
Speaker 4: can't solve that She's on the Money team is here

443
00:19:52,119 --> 00:19:55,359
Speaker 4: to help. Every week, we tackle your dilemmas, both big

444
00:19:55,440 --> 00:19:57,920
Speaker 4: and small, to answer your most burning money.

445
00:19:57,680 --> 00:19:59,040
Speaker 5: Career and life questions.

446
00:19:59,240 --> 00:20:01,720
Speaker 4: To get involved, simply head to our website and leave

447
00:20:01,800 --> 00:20:03,920
Speaker 4: us a short voice recording and you might just find

448
00:20:03,960 --> 00:20:06,680
Speaker 4: yourself on the show. Now, let's take a listen to

449
00:20:06,720 --> 00:20:07,879
Speaker 4: this week's money dilemma.

450
00:20:10,400 --> 00:20:11,359
Speaker 3: Hi, She's on the Money.

451
00:20:11,359 --> 00:20:14,360
Speaker 8: Girls love the podcast. I've got a question for you.

452
00:20:14,520 --> 00:20:16,800
Speaker 7: My husband and I make decent money and we could

453
00:20:16,880 --> 00:20:19,000
Speaker 7: save up for a house deposit in a couple of years,

454
00:20:19,040 --> 00:20:22,639
Speaker 7: but the problem is making their payments. It looks like

455
00:20:22,920 --> 00:20:24,840
Speaker 7: it would be about double our rent. And because we

456
00:20:24,880 --> 00:20:26,960
Speaker 7: have a young baby and I'll be you know, I'm

457
00:20:27,040 --> 00:20:30,119
Speaker 7: on and off work, maternity leave, et cetera, I just

458
00:20:30,160 --> 00:20:32,200
Speaker 7: don't think that that's manageable for us to be able

459
00:20:32,240 --> 00:20:35,040
Speaker 7: to do. I've recently got some advice from a family

460
00:20:35,080 --> 00:20:39,000
Speaker 7: member to look into commercial real estate instead of buying,

461
00:20:39,160 --> 00:20:42,440
Speaker 7: you know, a personal property. Basically, they said that it's

462
00:20:42,520 --> 00:20:44,960
Speaker 7: way cheaper than buying a house, and as.

463
00:20:44,800 --> 00:20:47,800
Speaker 8: You paid off or the you know, someone pays rent

464
00:20:47,800 --> 00:20:49,800
Speaker 8: off of you that pays off the mortgage, you could

465
00:20:49,800 --> 00:20:52,280
Speaker 8: eventually use it for leverage to buy yourself a home

466
00:20:52,400 --> 00:20:56,320
Speaker 8: or buy more property, and it's basically just passive income.

467
00:20:56,640 --> 00:20:59,320
Speaker 8: But I don't know how this impacts like first home

468
00:20:59,320 --> 00:21:01,120
Speaker 8: buyas grant if we do want to buy a house

469
00:21:01,200 --> 00:21:05,800
Speaker 8: later on, or how it impacts like taxes or you

470
00:21:05,800 --> 00:21:08,400
Speaker 8: know what if it's empty and then you're paying rent

471
00:21:08,440 --> 00:21:11,640
Speaker 8: and you're paying this like mortgage on the commercial real estate.

472
00:21:11,960 --> 00:21:13,800
Speaker 8: I'm really just not sure if that's a way to

473
00:21:13,840 --> 00:21:16,320
Speaker 8: go and who we should talk to or how it

474
00:21:16,359 --> 00:21:17,360
Speaker 8: would go about doing that.

475
00:21:17,520 --> 00:21:18,200
Speaker 7: Thanks so much?

476
00:21:18,440 --> 00:21:21,520
Speaker 2: What do you guys reckon? This sounds like this is

477
00:21:21,560 --> 00:21:24,520
Speaker 2: too good to be true. I've never even heard of this.

478
00:21:24,600 --> 00:21:26,920
Speaker 4: What is it like your I think I just would

479
00:21:27,200 --> 00:21:30,320
Speaker 4: she just commercial property, like it's still property, but often

480
00:21:30,359 --> 00:21:33,520
Speaker 4: commercial property isn't going to be as expensive as like

481
00:21:33,640 --> 00:21:37,240
Speaker 4: buying a first home in the suburb of your choice.

482
00:21:37,080 --> 00:21:40,400
Speaker 6: But then you're paying off your rent is going towards

483
00:21:40,400 --> 00:21:42,720
Speaker 6: the mortgage Or did I misunderstand that she's talking about

484
00:21:42,760 --> 00:21:46,280
Speaker 6: purchasing a commercial property and having a mortgage rent commercial

485
00:21:46,280 --> 00:21:47,520
Speaker 6: property and then renting it out.

486
00:21:47,680 --> 00:21:51,200
Speaker 3: Oh yeah, the investment property. It's just commercial instead of

487
00:21:51,480 --> 00:21:51,840
Speaker 3: it's not.

488
00:21:52,040 --> 00:21:54,280
Speaker 6: Oh sorry, oh my god, Okay, I understand now, So

489
00:21:54,280 --> 00:21:58,480
Speaker 6: it's like, you know, a cafe, for example, Yeah, something

490
00:21:58,560 --> 00:21:59,000
Speaker 6: that's cover.

491
00:21:59,560 --> 00:22:02,320
Speaker 5: I think it's clever. What do you think, Jess, I.

492
00:22:02,240 --> 00:22:04,640
Speaker 3: Don't know much about the pricing. To me, I can't

493
00:22:04,640 --> 00:22:09,560
Speaker 3: imagine retail space being that much cheaper than residential property.

494
00:22:09,560 --> 00:22:11,960
Speaker 3: But again, I have done literally zero research and have

495
00:22:12,080 --> 00:22:14,560
Speaker 3: no point of reference that that's just like my gut instinct.

496
00:22:15,119 --> 00:22:15,720
Speaker 2: I would have.

497
00:22:16,160 --> 00:22:21,840
Speaker 3: Significant concerns over the viability of something long term. I

498
00:22:21,880 --> 00:22:24,679
Speaker 3: think that something that I just personally have observed in

499
00:22:24,960 --> 00:22:28,679
Speaker 3: even out inner suburbs in Melbourne, Richmond, Brunswick, places like that.

500
00:22:28,720 --> 00:22:30,720
Speaker 5: I keep saying full lease on every.

501
00:22:30,480 --> 00:22:35,440
Speaker 3: Retail spaces particularly seem to be sitting empty for longer,

502
00:22:35,600 --> 00:22:38,480
Speaker 3: probably partly due to the increase we're from home, partly

503
00:22:38,560 --> 00:22:40,280
Speaker 3: due to the fact that so many of us have

504
00:22:40,440 --> 00:22:45,080
Speaker 3: way less disposable income, so we're cutting out discretionary spending, cafe,

505
00:22:45,320 --> 00:22:47,080
Speaker 3: you know, all that sort of thing. So I would

506
00:22:47,160 --> 00:22:50,040
Speaker 3: really say, you want to do your research into making

507
00:22:50,080 --> 00:22:54,200
Speaker 3: sure that it's a viable option, because you don't want

508
00:22:54,200 --> 00:22:56,320
Speaker 3: to get stuck in the trap of exactly as our

509
00:22:56,320 --> 00:22:58,800
Speaker 3: listener are saying, if you purchase the space, then you're

510
00:22:58,840 --> 00:23:01,040
Speaker 3: not able to rent it out, you are responsible for

511
00:23:01,040 --> 00:23:03,239
Speaker 3: that rent. And if you're saying to me, now, I

512
00:23:03,280 --> 00:23:06,720
Speaker 3: can't make repayments on a mortgage, it's still that's exactly

513
00:23:06,720 --> 00:23:09,280
Speaker 3: the same thing, just on a commercial space. And then

514
00:23:09,280 --> 00:23:10,880
Speaker 3: the other thing that I would say, as far as

515
00:23:10,880 --> 00:23:13,439
Speaker 3: I know from my personal research for my property, pretty

516
00:23:13,480 --> 00:23:16,960
Speaker 3: much all of the first home biogrants, schemes etc. That

517
00:23:17,000 --> 00:23:19,960
Speaker 3: are available do rely on it being your first property

518
00:23:20,280 --> 00:23:23,760
Speaker 3: for you to live in your first residential property. Correct,

519
00:23:23,800 --> 00:23:25,879
Speaker 3: So you not only would you not be able to

520
00:23:25,960 --> 00:23:28,280
Speaker 3: use those for that property purchase, you would not be

521
00:23:28,280 --> 00:23:31,320
Speaker 3: able to use them in future because generally fitting them Yeah. Correct,

522
00:23:31,359 --> 00:23:32,960
Speaker 3: it's for your first property purchase.

523
00:23:33,119 --> 00:23:34,400
Speaker 2: Yeah, oh yeah.

524
00:23:34,400 --> 00:23:36,840
Speaker 4: And I feel like for a lot of us, if

525
00:23:36,880 --> 00:23:38,919
Speaker 4: this is the first time we're putting it on the table,

526
00:23:39,000 --> 00:23:42,600
Speaker 4: purchasing a commercial property could feel like a very strategic

527
00:23:42,800 --> 00:23:45,639
Speaker 4: move because you're like, oh, this is you know, a

528
00:23:45,680 --> 00:23:48,760
Speaker 4: smart thing to do instead of purchasing a residential property.

529
00:23:48,800 --> 00:23:50,240
Speaker 4: But at the end of the day, it does come

530
00:23:50,280 --> 00:23:52,240
Speaker 4: with like, it's not a bad idea, it's one that

531
00:23:52,240 --> 00:23:53,840
Speaker 4: you need to weigh up, but it does come with

532
00:23:53,920 --> 00:23:56,680
Speaker 4: a number of different trade offs. The one just mentioned

533
00:23:57,119 --> 00:24:00,240
Speaker 4: your first home biogrants in any stamp duty concessions that

534
00:24:00,320 --> 00:24:02,720
Speaker 4: are available in your state or territory are going to

535
00:24:02,760 --> 00:24:05,960
Speaker 4: be forfeited because it was your first property purchase, and

536
00:24:06,040 --> 00:24:09,840
Speaker 4: those things only actually apply to your first residential property.

537
00:24:10,160 --> 00:24:13,480
Speaker 4: Commercial properties, they obviously can the like being a little

538
00:24:13,520 --> 00:24:16,639
Speaker 4: bit positive, They can generate rental income. They can you know,

539
00:24:16,680 --> 00:24:20,080
Speaker 4: give you some tax benefits, which is really exciting. But

540
00:24:20,119 --> 00:24:23,720
Speaker 4: they do typically and I come from an educated perspective

541
00:24:23,720 --> 00:24:25,600
Speaker 4: on this. As you guys know, I run a mortgage

542
00:24:25,600 --> 00:24:29,120
Speaker 4: broking business. They have a higher need for a deposit,

543
00:24:29,280 --> 00:24:31,159
Speaker 4: so you're not gonna be able to work with a

544
00:24:31,200 --> 00:24:35,040
Speaker 4: mortgage broker. Like I get my team getting first home

545
00:24:35,080 --> 00:24:38,680
Speaker 4: buyers into houses for five percent, I have my team

546
00:24:38,720 --> 00:24:41,919
Speaker 4: getting people in for ten percent. We have been working

547
00:24:41,960 --> 00:24:45,320
Speaker 4: with single moms who are getting in for two percent.

548
00:24:46,000 --> 00:24:46,119
Speaker 1: Like.

549
00:24:46,400 --> 00:24:49,000
Speaker 4: There are lots of schemes and grants when it comes

550
00:24:49,040 --> 00:24:51,879
Speaker 4: to commercial property. I'd say ninety nine percent of the

551
00:24:51,880 --> 00:24:54,840
Speaker 4: time you need a full twenty percent deposit plus costs,

552
00:24:55,280 --> 00:24:58,640
Speaker 4: which is fine, but then there are tighter lending criteria

553
00:24:58,720 --> 00:25:01,919
Speaker 4: as well, unless lending options, so you can go to

554
00:25:01,960 --> 00:25:04,199
Speaker 4: the Big four bank, but they have a different interest

555
00:25:04,280 --> 00:25:07,959
Speaker 4: rate for commercial properties. Than they do for residential, and

556
00:25:08,000 --> 00:25:10,119
Speaker 4: then there will be banks that say, oh no, this

557
00:25:10,280 --> 00:25:14,200
Speaker 4: loan product is only for RESI, not for commercial, and

558
00:25:14,320 --> 00:25:18,000
Speaker 4: we can't use that. So your lending options are whittled down,

559
00:25:18,040 --> 00:25:20,440
Speaker 4: which means you're probably going to have a high interest rate.

560
00:25:21,040 --> 00:25:24,240
Speaker 4: And then obviously another negative is it can be a

561
00:25:24,280 --> 00:25:28,520
Speaker 4: little risky. Just you said market fluctuations, market turned down.

562
00:25:28,880 --> 00:25:32,560
Speaker 4: Often when you have a commercial property, the vacancy rate

563
00:25:32,720 --> 00:25:35,919
Speaker 4: is higher. So a vacancy rate is the percentage of

564
00:25:36,000 --> 00:25:40,040
Speaker 4: time every year that there's nobody paying you rent. This

565
00:25:40,160 --> 00:25:43,159
Speaker 4: could happen to somebody who owns a residential property as well,

566
00:25:43,200 --> 00:25:45,439
Speaker 4: because your tenant says, oh, I'm moving out, and then

567
00:25:45,480 --> 00:25:47,560
Speaker 4: you've got maybe a couple of weeks before someone else

568
00:25:47,600 --> 00:25:50,840
Speaker 4: moves in. But as you guys know, like the residential

569
00:25:51,240 --> 00:25:54,600
Speaker 4: rental market is quite competitive, so I can almost guarantee

570
00:25:54,600 --> 00:25:56,400
Speaker 4: that if you've got a tenant who said, hey, beck,

571
00:25:56,520 --> 00:25:58,399
Speaker 4: I want to move out of your property, you've already

572
00:25:58,400 --> 00:26:00,680
Speaker 4: put it online and lined someone else up. You've probably

573
00:26:00,680 --> 00:26:04,480
Speaker 4: got a few days where you're doing the cleaning, bond transfer,

574
00:26:04,600 --> 00:26:07,000
Speaker 4: all of that, and then somebody else moves in. With

575
00:26:07,320 --> 00:26:10,560
Speaker 4: commercial property, that could be months because it's got to

576
00:26:10,560 --> 00:26:12,520
Speaker 4: be the right business. There's got to be someone who's

577
00:26:12,520 --> 00:26:15,080
Speaker 4: willing to pay for fit out, someone who's probably willing

578
00:26:15,359 --> 00:26:18,880
Speaker 4: to actually sign a five year lease because often leases

579
00:26:19,040 --> 00:26:23,479
Speaker 4: in commercial are much longer than year to year because

580
00:26:23,640 --> 00:26:25,800
Speaker 4: you know, obviously I can talk about this in more

581
00:26:25,840 --> 00:26:29,720
Speaker 4: detail one day, but with commercial leases, you as a

582
00:26:29,840 --> 00:26:34,120
Speaker 4: landlord don't actually take on any of the responsibility for upkeep.

583
00:26:34,280 --> 00:26:37,760
Speaker 4: So like the air conditioner breaks, that's your tenants deal

584
00:26:38,040 --> 00:26:40,600
Speaker 4: to fix, whereas in residential you'd call your landlord and

585
00:26:40,600 --> 00:26:43,720
Speaker 4: they'd fix it. So all of that stuff becomes their responsibility.

586
00:26:44,160 --> 00:26:46,399
Speaker 4: So obviously, if they're going to put air con in,

587
00:26:46,840 --> 00:26:49,879
Speaker 4: they are going to want to stay there for longer

588
00:26:49,920 --> 00:26:52,560
Speaker 4: than twelve months to cover that investment. And then, yeah,

589
00:26:52,600 --> 00:26:54,600
Speaker 4: I guess it just makes it a little bit harder

590
00:26:54,640 --> 00:26:57,160
Speaker 4: if you chose that as your first property to enter

591
00:26:57,200 --> 00:27:00,080
Speaker 4: the market a little bit later on when it comes

592
00:27:00,119 --> 00:27:02,920
Speaker 4: to residential, because you don't get any of those concessions

593
00:27:02,960 --> 00:27:05,320
Speaker 4: that are designed to support first time bias.

594
00:27:05,800 --> 00:27:07,800
Speaker 5: So that's my two cents.

595
00:27:07,880 --> 00:27:10,320
Speaker 4: Yeah, would you say talk to a mortgage broker, Absolutely,

596
00:27:10,359 --> 00:27:12,159
Speaker 4: because they can do the pros and the cons for

597
00:27:12,240 --> 00:27:15,080
Speaker 4: you and work out what that looks like because residential

598
00:27:15,119 --> 00:27:19,400
Speaker 4: properties we are seeing they are still very popular despite

599
00:27:19,440 --> 00:27:22,960
Speaker 4: me saying yes or no, Like we purchased even recently

600
00:27:23,160 --> 00:27:27,280
Speaker 4: a few factory warehouse things for clients, and like the

601
00:27:27,359 --> 00:27:29,840
Speaker 4: rental yield on them in the location that they have

602
00:27:29,920 --> 00:27:33,240
Speaker 4: picked is really high, really great location, like it's up

603
00:27:33,240 --> 00:27:34,280
Speaker 4: and coming, like.

604
00:27:34,400 --> 00:27:35,720
Speaker 2: Really really popular.

605
00:27:35,920 --> 00:27:38,960
Speaker 4: Yeah, that doesn't mean that just commercial property across the

606
00:27:38,960 --> 00:27:41,000
Speaker 4: board is a good investment. This was and I was

607
00:27:41,080 --> 00:27:43,080
Speaker 4: even thinking like, oh, that's pretty good. How did you

608
00:27:43,080 --> 00:27:45,040
Speaker 4: find out about that? I'd like to buy one of these?

609
00:27:45,359 --> 00:27:47,560
Speaker 4: Can't afford it right now, don't worry. But I think

610
00:27:47,600 --> 00:27:53,080
Speaker 4: it's interesting to see how people value different things. And

611
00:27:53,720 --> 00:27:56,639
Speaker 4: if you're getting advice from a family member, I adore that,

612
00:27:56,760 --> 00:28:00,320
Speaker 4: but always like temper it with like are they an

613
00:28:00,320 --> 00:28:03,520
Speaker 4: investment expert? Are they somebody I should be taking investment

614
00:28:03,560 --> 00:28:07,159
Speaker 4: advice from? And then let that guide you as to

615
00:28:07,320 --> 00:28:09,000
Speaker 4: how much more research you need to do?

616
00:28:09,400 --> 00:28:11,119
Speaker 2: So sorry, it just really quickly. Two things I have

617
00:28:11,200 --> 00:28:11,720
Speaker 2: in my mind.

618
00:28:11,760 --> 00:28:14,479
Speaker 6: The first one is that if you call me crazy,

619
00:28:14,480 --> 00:28:17,479
Speaker 6: but if like it's vagant for a while, your commercial property,

620
00:28:17,560 --> 00:28:19,440
Speaker 6: and then you could.

621
00:28:19,840 --> 00:28:22,520
Speaker 2: Use that space to be often you can't, oh you can't.

622
00:28:22,600 --> 00:28:24,919
Speaker 4: Well, I mean you could use that space, but it

623
00:28:24,960 --> 00:28:28,119
Speaker 4: would be completely stripped. And a lot of people, sorry

624
00:28:28,200 --> 00:28:29,880
Speaker 4: to bite in, a lot of people want to buy

625
00:28:29,880 --> 00:28:33,320
Speaker 4: commercial property in their superannuation fund, which means you cannot

626
00:28:33,520 --> 00:28:34,440
Speaker 4: go on that premise.

627
00:28:34,520 --> 00:28:35,680
Speaker 2: It's not yours to play.

628
00:28:35,680 --> 00:28:37,960
Speaker 6: Oh you're not allowed to use that money that if

629
00:28:37,960 --> 00:28:39,080
Speaker 6: it's in your generate money.

630
00:28:39,360 --> 00:28:41,560
Speaker 4: But yeah, I mean you could technically use it as yours.

631
00:28:41,560 --> 00:28:44,000
Speaker 4: But also if it zoned as commercial, you can't move

632
00:28:44,000 --> 00:28:44,400
Speaker 4: into it.

633
00:28:44,440 --> 00:28:44,760
Speaker 2: Gotcha?

634
00:28:44,880 --> 00:28:48,280
Speaker 6: Okay, okay, Well that candler which was you know those

635
00:28:48,360 --> 00:28:51,600
Speaker 6: terrace houses, Yeah, no, no, you can't be living upstairs

636
00:28:52,280 --> 00:28:55,840
Speaker 6: unless it's zoned that way and it's got residential above commercial,

637
00:28:56,000 --> 00:28:56,800
Speaker 6: which you could do.

638
00:28:57,320 --> 00:29:00,400
Speaker 5: You can't live in a commercial property. It's actually legal.

639
00:29:00,920 --> 00:29:01,760
Speaker 5: Very good to know, thank you.

640
00:29:01,920 --> 00:29:04,840
Speaker 6: Yeah, sorry was the other thing that was My other

641
00:29:04,880 --> 00:29:06,480
Speaker 6: thing was that like, could you get one of those

642
00:29:06,520 --> 00:29:08,440
Speaker 6: like terrorist places where you live up top?

643
00:29:09,240 --> 00:29:12,480
Speaker 5: But that is I'm being a bit of a DeBie downer,

644
00:29:12,560 --> 00:29:12,960
Speaker 5: So I do it.

645
00:29:14,200 --> 00:29:16,080
Speaker 2: Let's move on. I've got a DM for you.

646
00:29:16,160 --> 00:29:17,160
Speaker 5: Would you like to hear it?

647
00:29:17,280 --> 00:29:17,440
Speaker 4: Yes?

648
00:29:17,480 --> 00:29:17,760
Speaker 2: Please?

649
00:29:17,800 --> 00:29:20,320
Speaker 4: Okay, Hey, she's on the money. I need some advice

650
00:29:20,400 --> 00:29:23,640
Speaker 4: because I'm feeling so conflicted. My husband and I bought

651
00:29:23,760 --> 00:29:27,520
Speaker 4: Teslas stock ages ago, way before all of the Elon drama.

652
00:29:28,040 --> 00:29:31,240
Speaker 4: We've been open about what to invest in, and when

653
00:29:31,280 --> 00:29:34,360
Speaker 4: Trump got in, some friends started saying we'd gained wealth

654
00:29:34,440 --> 00:29:35,560
Speaker 4: by supporting.

655
00:29:35,320 --> 00:29:37,240
Speaker 5: A racist, and now we should sell.

656
00:29:38,080 --> 00:29:41,120
Speaker 4: Now with the stock dropping, obviously a lot of investors

657
00:29:41,120 --> 00:29:44,040
Speaker 4: are jumping ship for that reason. I don't agree with

658
00:29:44,280 --> 00:29:48,120
Speaker 4: Musk's political views, but we had planned to hold long term.

659
00:29:48,520 --> 00:29:52,160
Speaker 4: My husband isn't phased, his friends aren't bringing it up anymore,

660
00:29:52,640 --> 00:29:55,760
Speaker 4: but I feel guilty now the drop is confusing me

661
00:29:55,880 --> 00:29:56,440
Speaker 4: even more.

662
00:29:56,840 --> 00:29:58,520
Speaker 2: I don't know what to do. Hmmm.

663
00:29:59,360 --> 00:30:03,720
Speaker 6: Personally, I I wouldn't have shares in like something something

664
00:30:03,800 --> 00:30:06,440
Speaker 6: that's that's a kind of like as bad or as

665
00:30:06,560 --> 00:30:08,440
Speaker 6: like you know, I kind of have a lot of

666
00:30:08,480 --> 00:30:10,920
Speaker 6: ETFs and stuff like that that and I don't know

667
00:30:11,360 --> 00:30:13,040
Speaker 6: where that money is going. I'm like kind of like

668
00:30:13,720 --> 00:30:15,480
Speaker 6: my head's in the sand, which is also bad. But

669
00:30:15,560 --> 00:30:17,880
Speaker 6: it's like if there's something that I'm investing and that's

670
00:30:18,240 --> 00:30:22,040
Speaker 6: and ethical, it's not as in my sights as like

671
00:30:22,560 --> 00:30:27,240
Speaker 6: Musk is obviously, you know, supporting Trump, And I mean

672
00:30:27,240 --> 00:30:28,360
Speaker 6: I don't want to get into We don't want to

673
00:30:28,360 --> 00:30:29,120
Speaker 6: get into politics right now.

674
00:30:29,160 --> 00:30:31,520
Speaker 4: But I just recorded a whole episode on that, And

675
00:30:31,640 --> 00:30:33,280
Speaker 4: what you're telling me right now, Beck, is that I

676
00:30:33,440 --> 00:30:36,800
Speaker 4: know you don't listen to my podcast because I did

677
00:30:36,960 --> 00:30:40,640
Speaker 4: a whole episode and I discussed Trump's tariffs and Elon

678
00:30:40,960 --> 00:30:42,560
Speaker 4: and all of that drama.

679
00:30:42,680 --> 00:30:44,600
Speaker 5: So obviously that okay.

680
00:30:44,760 --> 00:30:47,440
Speaker 2: But oh but yeah, we don't want to get that.

681
00:30:47,440 --> 00:30:49,280
Speaker 2: I don't want to get political, but I will explain

682
00:30:49,400 --> 00:30:50,000
Speaker 2: policy to.

683
00:30:50,080 --> 00:30:53,440
Speaker 6: Of course, I think that like on my personally, I wouldn't.

684
00:30:53,800 --> 00:30:56,240
Speaker 6: I would not be investing in Tesla right now or anything.

685
00:30:56,280 --> 00:30:58,760
Speaker 6: That's that I know that I can't ignore that.

686
00:30:58,880 --> 00:30:59,520
Speaker 1: I is not.

687
00:30:59,800 --> 00:31:01,080
Speaker 5: You know, you did it beforehand.

688
00:31:01,240 --> 00:31:03,240
Speaker 4: So like, let's say ages ago, you were like, oh

689
00:31:03,320 --> 00:31:07,000
Speaker 4: my goodness, like the electric vehicles, I've started my investing journey.

690
00:31:07,280 --> 00:31:09,880
Speaker 4: You went and purchased a heap of Tesla stock, right

691
00:31:09,960 --> 00:31:11,720
Speaker 4: and that has been performing.

692
00:31:11,320 --> 00:31:13,840
Speaker 2: For you, Beck, Yeah, I love it anymore. No, So

693
00:31:13,920 --> 00:31:15,480
Speaker 2: would you sell it? I would sell it.

694
00:31:15,640 --> 00:31:17,440
Speaker 4: How much of a loss would you be willing to

695
00:31:17,680 --> 00:31:20,720
Speaker 4: take to get out of that investment? What if you

696
00:31:20,920 --> 00:31:24,600
Speaker 4: personally lose thousands of dollars by disposing of that stock?

697
00:31:24,880 --> 00:31:28,640
Speaker 6: I mean, in an ideal world, I would have been

698
00:31:29,200 --> 00:31:32,160
Speaker 6: aware of the whole. You know, Elon Musk there.

699
00:31:32,080 --> 00:31:34,880
Speaker 4: But you wouldn't have because historically he was seen as

700
00:31:34,880 --> 00:31:37,640
Speaker 4: an em bagelist, like he was seen as somebody who

701
00:31:38,080 --> 00:31:40,440
Speaker 4: was doing really cool things. But I mean there's a

702
00:31:40,520 --> 00:31:43,520
Speaker 4: lot to him that now, like in hindsight, we all

703
00:31:43,640 --> 00:31:47,280
Speaker 4: have realized that always a bit off on the whole. YEA,

704
00:31:47,680 --> 00:31:50,600
Speaker 4: most people buying Tesla, they had no idea. They thought

705
00:31:50,600 --> 00:31:53,040
Speaker 4: they were investing in the future. Well, I guess not

706
00:31:53,160 --> 00:31:54,160
Speaker 4: in some delulu.

707
00:31:54,520 --> 00:31:56,560
Speaker 5: No totally is best is with Trump?

708
00:31:57,040 --> 00:31:58,640
Speaker 6: But and I do want to preface all of this

709
00:31:58,720 --> 00:32:00,880
Speaker 6: best saying like if I had friends who invested in Tesla,

710
00:32:00,960 --> 00:32:03,120
Speaker 6: I like, that's so fine, Like I'm not at all,

711
00:32:03,440 --> 00:32:05,440
Speaker 6: you know, kind of going to put my views on them,

712
00:32:05,520 --> 00:32:07,120
Speaker 6: just like for my own personal comfort, I would be

713
00:32:07,200 --> 00:32:09,280
Speaker 6: not doing that. But yeah, I guess, like you know,

714
00:32:09,320 --> 00:32:12,400
Speaker 6: because we now know about mask, we now you know,

715
00:32:12,440 --> 00:32:14,920
Speaker 6: whether you're for him, against him, whatever, indifferent, it doesn't matter.

716
00:32:15,560 --> 00:32:18,640
Speaker 6: Now we have kind of the information. So unless I've

717
00:32:18,720 --> 00:32:21,960
Speaker 6: found out I didn't align with him in that way,

718
00:32:22,480 --> 00:32:25,880
Speaker 6: the same day I lost thousands of dollars and I

719
00:32:26,000 --> 00:32:28,479
Speaker 6: did not know before, Like if it's a slow descent,

720
00:32:28,960 --> 00:32:30,640
Speaker 6: and I kind of am like, Oh, I don't know

721
00:32:30,680 --> 00:32:32,720
Speaker 6: if I like this, hopefully i'll get it earlier. But

722
00:32:32,960 --> 00:32:35,120
Speaker 6: if it's so happened that I lost so much money

723
00:32:35,320 --> 00:32:37,120
Speaker 6: the exact same day I found out I did not

724
00:32:37,320 --> 00:32:40,760
Speaker 6: like Musk, then I would probably stay in until I

725
00:32:40,880 --> 00:32:42,640
Speaker 6: made some money back and then got out.

726
00:32:42,720 --> 00:32:42,920
Speaker 5: Yeah.

727
00:32:42,920 --> 00:32:44,880
Speaker 4: But it's like the question of, like how much you're

728
00:32:44,920 --> 00:32:48,920
Speaker 4: willing to lose in order to uphold your values, which

729
00:32:49,120 --> 00:32:50,880
Speaker 4: ultimately impacts your future wealth.

730
00:32:51,000 --> 00:32:52,920
Speaker 2: Like, it's such a hard thing, jess, what would you do?

731
00:32:53,400 --> 00:32:57,520
Speaker 3: It's so hard to discuss ethical investments because obviously no

732
00:32:57,680 --> 00:33:00,840
Speaker 3: such thing. Well, yeah, and it's a deeply personal topic

733
00:33:00,920 --> 00:33:03,960
Speaker 3: because I would argue that Musk is a very strong example,

734
00:33:04,120 --> 00:33:06,000
Speaker 3: you know, like we've seen how he treats women, We've

735
00:33:06,040 --> 00:33:08,960
Speaker 3: seen how he you know, the policies that he's aligning

736
00:33:09,000 --> 00:33:11,960
Speaker 3: himself with politically, which personally very much go against my

737
00:33:12,000 --> 00:33:14,960
Speaker 3: own personal value set. Da da da da. But if

738
00:33:15,040 --> 00:33:18,120
Speaker 3: you look into it more deeply, I would argue that

739
00:33:18,320 --> 00:33:22,840
Speaker 3: the vast majority of blue chip stocks are held by

740
00:33:23,560 --> 00:33:27,720
Speaker 3: either individuals or companies that are ethically ambiguous on some level.

741
00:33:28,080 --> 00:33:31,080
Speaker 3: Like I think that the vast majority of big corporations

742
00:33:32,040 --> 00:33:35,920
Speaker 3: in some way shape or form are not good. Do

743
00:33:35,960 --> 00:33:37,560
Speaker 3: you know what I mean? And again, it really comes

744
00:33:37,600 --> 00:33:40,520
Speaker 3: down to your personal compass. But whether it's their environmental practices,

745
00:33:40,600 --> 00:33:44,000
Speaker 3: whether it's the political views howled by their senior vps,

746
00:33:44,400 --> 00:33:47,800
Speaker 3: whether it's you know, the way that they treat women,

747
00:33:47,840 --> 00:33:50,479
Speaker 3: whether it's the gender pay gap. We saw a lot

748
00:33:50,520 --> 00:33:53,400
Speaker 3: of data come out on that this month. There are

749
00:33:53,520 --> 00:33:56,680
Speaker 3: all of these ethical issues that I would argue are

750
00:33:56,840 --> 00:34:00,400
Speaker 3: held by the Maybe the majority is the wrong word,

751
00:34:00,520 --> 00:34:03,560
Speaker 3: but like a lot a significant portion of the shares

752
00:34:03,600 --> 00:34:05,680
Speaker 3: that a lot of us are probably investig in, either

753
00:34:05,720 --> 00:34:09,040
Speaker 3: through ETFs or funds, or whether they're individual shares that

754
00:34:09,080 --> 00:34:11,440
Speaker 3: you've selected because you lack what they're doing or where

755
00:34:11,480 --> 00:34:13,640
Speaker 3: you think they're going. And so I think it can

756
00:34:13,719 --> 00:34:18,200
Speaker 3: be quite hard to overlay your moral compass along with

757
00:34:18,360 --> 00:34:21,719
Speaker 3: your goals for the future because you would rule out

758
00:34:21,760 --> 00:34:24,640
Speaker 3: whole industries a lot of the time purely based on

759
00:34:24,880 --> 00:34:26,800
Speaker 3: And I'm not saying that that's right or wrong, because

760
00:34:26,800 --> 00:34:28,040
Speaker 3: I think you at the end of the day, you

761
00:34:28,160 --> 00:34:30,160
Speaker 3: really need to do what you're going to feel good about.

762
00:34:30,480 --> 00:34:32,479
Speaker 3: And so for you, Beck, you've said that, I would

763
00:34:32,520 --> 00:34:37,120
Speaker 3: not feel good holding shares like for example, Tesla knowing

764
00:34:37,280 --> 00:34:39,960
Speaker 3: that they are doing the things that they're doing knowing

765
00:34:40,040 --> 00:34:43,680
Speaker 3: that Musk is supporting and et cetera. And I don't

766
00:34:43,680 --> 00:34:45,560
Speaker 3: think I'm the person to tell you what's right or

767
00:34:45,600 --> 00:34:47,440
Speaker 3: wrong in that situation. It really comes down to what

768
00:34:47,600 --> 00:34:51,359
Speaker 3: you think. For me personally, I'm going to be I'm

769
00:34:51,440 --> 00:34:54,239
Speaker 3: going to sound like a money hungry person, but I

770
00:34:54,360 --> 00:34:55,960
Speaker 3: don't know that I would be willing to sell at

771
00:34:55,960 --> 00:34:58,319
Speaker 3: a significant loss or any loss for that matter.

772
00:34:58,360 --> 00:34:58,799
Speaker 2: I think that.

773
00:35:00,640 --> 00:35:04,200
Speaker 3: My future security is something that's really important to me,

774
00:35:04,640 --> 00:35:07,800
Speaker 3: and would I look to sell once I was in

775
00:35:07,920 --> 00:35:12,400
Speaker 3: the green potentially. But also I think that it's so

776
00:35:12,560 --> 00:35:15,000
Speaker 3: hard because I do agree that we should vote without money,

777
00:35:15,160 --> 00:35:18,239
Speaker 3: Like I think that that's something that's really powerful. But

778
00:35:18,360 --> 00:35:22,799
Speaker 3: I also think that, yeah, like sometimes those things it's

779
00:35:22,880 --> 00:35:25,520
Speaker 3: not a Venn diagram, or it is a ven diagram.

780
00:35:25,760 --> 00:35:26,000
Speaker 4: It is?

781
00:35:26,320 --> 00:35:26,520
Speaker 1: It is?

782
00:35:27,960 --> 00:35:30,080
Speaker 3: It is a ven diagram, right, it is, it's not

783
00:35:30,719 --> 00:35:34,360
Speaker 3: it is. Two things are not mutually exclusive, like a

784
00:35:34,440 --> 00:35:36,719
Speaker 3: good investment is not always going to be ethical in

785
00:35:37,360 --> 00:35:41,000
Speaker 3: often I personally believe it isn't entirely, and so it

786
00:35:41,080 --> 00:35:44,200
Speaker 3: becomes quite complex when you're deciding, well, do I uphold

787
00:35:44,880 --> 00:35:47,000
Speaker 3: all of my morals or do I look out for

788
00:35:47,080 --> 00:35:49,680
Speaker 3: future me or do I find a middle ground? And

789
00:35:50,120 --> 00:35:51,320
Speaker 3: I mean, I don't have a good answer for you

790
00:35:51,360 --> 00:35:53,160
Speaker 3: if you can't tell by the way that I'm rambling.

791
00:35:53,680 --> 00:35:56,000
Speaker 3: But I think that it's really deeply personal, and I

792
00:35:56,040 --> 00:35:58,480
Speaker 3: think it comes down to what you think. It comes

793
00:35:58,560 --> 00:36:01,480
Speaker 3: down to what ethical issue it is, because some might

794
00:36:01,560 --> 00:36:04,840
Speaker 3: be more important to you than others. Like I personally

795
00:36:04,920 --> 00:36:09,720
Speaker 3: probably would honestly prioritize my future financial security if I'm honest,

796
00:36:10,000 --> 00:36:11,719
Speaker 3: that's fair. I don't know if I feel good about

797
00:36:11,760 --> 00:36:16,319
Speaker 3: that as I'm saying it, but that's not honestly the truth.

798
00:36:16,560 --> 00:36:18,239
Speaker 6: Sorry, I took so long to say that's okay because

799
00:36:18,239 --> 00:36:20,520
Speaker 6: I was like, I didn't want to interrupt you.

800
00:36:20,680 --> 00:36:22,279
Speaker 2: But that's okay, thank you.

801
00:36:23,800 --> 00:36:24,320
Speaker 5: I love that.

802
00:36:25,200 --> 00:36:28,840
Speaker 4: I love that, and I think that you guys know

803
00:36:29,160 --> 00:36:33,880
Speaker 4: that I uphold my values. But I wouldn't sell. I

804
00:36:34,000 --> 00:36:35,680
Speaker 4: know that, Jess, you seem to be having like an

805
00:36:35,719 --> 00:36:39,080
Speaker 4: internal conflict of whether we wouldn't and I don't. I

806
00:36:39,239 --> 00:36:41,360
Speaker 4: don't because at the end of the day, I invested

807
00:36:41,480 --> 00:36:44,800
Speaker 4: with intent, and my intent was pure from the beginning,

808
00:36:45,160 --> 00:36:47,200
Speaker 4: and I'm going to uphold that. Yeah, I'm probably going

809
00:36:47,280 --> 00:36:50,200
Speaker 4: to sell laid down the track when it's good. Let

810
00:36:50,280 --> 00:36:52,000
Speaker 4: me like step back for a second. When I was

811
00:36:52,040 --> 00:36:54,080
Speaker 4: a financial advisor, I had a client come to me

812
00:36:54,200 --> 00:36:58,120
Speaker 4: who inherited a couple of million dollars and they inherited

813
00:36:58,160 --> 00:37:00,680
Speaker 4: a couple of million dollars from a grandparents who had

814
00:37:00,920 --> 00:37:05,399
Speaker 4: invested really aggressively and that's where the money was made.

815
00:37:05,880 --> 00:37:07,719
Speaker 4: And they came to me and they were like, I

816
00:37:07,800 --> 00:37:09,400
Speaker 4: want to go through my share portfolio with you, and

817
00:37:09,440 --> 00:37:11,080
Speaker 4: I want to sell like most of it because none

818
00:37:11,080 --> 00:37:13,000
Speaker 4: of it's ethical and I hate this and I hate that.

819
00:37:13,120 --> 00:37:15,920
Speaker 4: And I was like totally, like, come in review the

820
00:37:15,960 --> 00:37:16,319
Speaker 4: whole thing.

821
00:37:16,760 --> 00:37:18,000
Speaker 2: So we go through all of this.

822
00:37:18,280 --> 00:37:21,640
Speaker 4: And one of the shares that his grandpa had bought

823
00:37:21,840 --> 00:37:25,600
Speaker 4: was BHP and that share was bought so long ago,

824
00:37:26,080 --> 00:37:29,800
Speaker 4: that was purchased in British sterling. Wow, so that was

825
00:37:29,920 --> 00:37:32,480
Speaker 4: when he had purchased it, right, So he had held

826
00:37:32,520 --> 00:37:35,759
Speaker 4: it and continually invested. And do you know what that

827
00:37:35,880 --> 00:37:37,400
Speaker 4: does to a financial advisor?

828
00:37:37,560 --> 00:37:37,719
Speaker 3: Yeah?

829
00:37:37,760 --> 00:37:39,200
Speaker 4: But do you know what that does to a financial

830
00:37:39,239 --> 00:37:42,719
Speaker 4: advisor who has to calculate the gains and they're like,

831
00:37:43,280 --> 00:37:46,520
Speaker 4: what your capital gains would be payable on that amount?

832
00:37:46,880 --> 00:37:48,560
Speaker 4: Should you sell it so that I can give you

833
00:37:48,640 --> 00:37:53,080
Speaker 4: proper financial advice and you're dealing with historic currency in

834
00:37:53,200 --> 00:37:53,520
Speaker 4: the bin.

835
00:37:54,320 --> 00:37:55,960
Speaker 2: I hated that.

836
00:37:56,360 --> 00:37:58,280
Speaker 5: Anyway, I did all the maths and I worked it out.

837
00:37:58,160 --> 00:38:00,759
Speaker 4: And he was going to have to pay so much

838
00:38:00,920 --> 00:38:05,160
Speaker 4: capital gains tax if he was to sell, because at

839
00:38:05,200 --> 00:38:06,719
Speaker 4: the end of the day, like he'd made a lot

840
00:38:06,760 --> 00:38:09,320
Speaker 4: of money because it was purchased so long ago, but

841
00:38:09,480 --> 00:38:11,520
Speaker 4: he didn't feel like it was ethical, and so he

842
00:38:11,640 --> 00:38:14,440
Speaker 4: was in this predicament where it's like, you own this asset,

843
00:38:14,800 --> 00:38:17,960
Speaker 4: and this asset is making you money, and this money

844
00:38:18,120 --> 00:38:21,520
Speaker 4: you're not feeling that good about. So instead of selling,

845
00:38:21,600 --> 00:38:23,279
Speaker 4: because I was like, dude, like this is going to

846
00:38:23,320 --> 00:38:27,160
Speaker 4: be a terrible financial decision. We're putting ethics to the side,

847
00:38:27,600 --> 00:38:29,680
Speaker 4: but now we're overlaying ethics.

848
00:38:29,760 --> 00:38:31,759
Speaker 5: Are we willing to lose this amount of money?

849
00:38:32,360 --> 00:38:36,600
Speaker 4: Ultimately the answer was no, and we then worked together

850
00:38:36,760 --> 00:38:40,200
Speaker 4: to find a solution that was actually, you know, taking

851
00:38:40,280 --> 00:38:42,560
Speaker 4: all of the money that he was making from BHP

852
00:38:42,680 --> 00:38:44,640
Speaker 4: because he decided that he didn't want to be invested

853
00:38:44,680 --> 00:38:47,480
Speaker 4: in it anymore, and taking that money that that company

854
00:38:47,680 --> 00:38:50,600
Speaker 4: was making and investing it in things that were directly

855
00:38:50,680 --> 00:38:54,279
Speaker 4: working against BHP. I love that, so that made him

856
00:38:54,320 --> 00:38:56,520
Speaker 4: feel really good about it. We were investing in areas

857
00:38:56,560 --> 00:38:59,520
Speaker 4: that were also growing, that were, you know, actually providing

858
00:38:59,600 --> 00:39:04,080
Speaker 4: really good returns. So he ultimately kept the BHP. We

859
00:39:04,239 --> 00:39:07,240
Speaker 4: invested in other stuff, and over time, as their dividends

860
00:39:07,280 --> 00:39:09,960
Speaker 4: were coming in, they were all going over here, and

861
00:39:10,560 --> 00:39:12,960
Speaker 4: if we could, we were selling off bits and pieces

862
00:39:13,080 --> 00:39:16,040
Speaker 4: as things happened. If the market dropped or if he

863
00:39:16,160 --> 00:39:18,719
Speaker 4: had a serious loss in his portfolio, we were able

864
00:39:18,800 --> 00:39:20,680
Speaker 4: to absorb some of it. So over time the plan

865
00:39:20,920 --> 00:39:22,840
Speaker 4: was to sell it down, but not all of it.

866
00:39:23,400 --> 00:39:26,040
Speaker 4: And I think something like that could absolutely happen. So

867
00:39:26,160 --> 00:39:28,719
Speaker 4: if you have an investment that you're not adoring or

868
00:39:28,760 --> 00:39:31,040
Speaker 4: that you feel is a little bit unethical, but it

869
00:39:31,160 --> 00:39:34,560
Speaker 4: doesn't make financial sense to dispose of it immediately, like well,

870
00:39:34,640 --> 00:39:38,000
Speaker 4: obviously stop investing in it today. Just hold it over there.

871
00:39:38,400 --> 00:39:41,040
Speaker 4: What are you doing with those profits? Are you investing

872
00:39:41,120 --> 00:39:45,279
Speaker 4: them in other electronic cars? Are you investing them in

873
00:39:45,440 --> 00:39:47,920
Speaker 4: other assets that you feel are more ethical? And then

874
00:39:47,960 --> 00:39:50,359
Speaker 4: maybe let's ride the investment wave, wait until it comes

875
00:39:50,480 --> 00:39:52,719
Speaker 4: back up, and then we can sell it and maybe

876
00:39:52,800 --> 00:39:55,200
Speaker 4: even do a direct swap, sell it for the same

877
00:39:55,239 --> 00:39:57,120
Speaker 4: amount that you purchased it for. So like you're just

878
00:39:57,200 --> 00:39:59,840
Speaker 4: disposing of it and on the same day invest that

879
00:40:00,040 --> 00:40:03,120
Speaker 4: money in something else, like make a plan. So I think,

880
00:40:03,200 --> 00:40:06,279
Speaker 4: for me, when I put my financial advisor hat on,

881
00:40:06,760 --> 00:40:11,400
Speaker 4: instead of just taking into account your ethical values, I

882
00:40:11,480 --> 00:40:13,320
Speaker 4: also need to be like, I need to put future

883
00:40:13,400 --> 00:40:15,080
Speaker 4: in the best possible financial position.

884
00:40:15,560 --> 00:40:17,640
Speaker 5: How do we do that and also make you comfortable

885
00:40:17,719 --> 00:40:17,880
Speaker 5: with that?

886
00:40:18,280 --> 00:40:21,560
Speaker 4: So that's probably the analogy slash story that I hope

887
00:40:21,640 --> 00:40:24,040
Speaker 4: kind of helps you go, Oh, like, I don't necessarily

888
00:40:24,160 --> 00:40:26,960
Speaker 4: have to dispose of everything. I can actually have a

889
00:40:27,000 --> 00:40:29,560
Speaker 4: positive impact, and yeah, put your money where your mouth is.

890
00:40:29,680 --> 00:40:30,080
Speaker 4: I get it.

891
00:40:30,360 --> 00:40:32,200
Speaker 2: But also, we are not.

892
00:40:32,360 --> 00:40:35,440
Speaker 4: In a privileged world. We're losing thousands of dollars just

893
00:40:35,440 --> 00:40:38,200
Speaker 4: because you invested in something and now they're a douche.

894
00:40:38,760 --> 00:40:39,160
Speaker 5: Is fair?

895
00:40:39,360 --> 00:40:39,400
Speaker 1: Like?

896
00:40:39,480 --> 00:40:40,399
Speaker 5: That is not fair?

897
00:40:40,960 --> 00:40:44,200
Speaker 4: Like selling your assets and losing money because of him

898
00:40:44,520 --> 00:40:46,560
Speaker 4: is just going to make you salty long term.

899
00:40:46,840 --> 00:40:48,960
Speaker 3: He's laughing all the way to banks. He's rich, exactly.

900
00:40:49,200 --> 00:40:51,200
Speaker 2: Let's wait until he makes us some money, sell the

901
00:40:51,280 --> 00:40:52,960
Speaker 2: stuff and invest in something else.

902
00:40:53,200 --> 00:40:55,800
Speaker 3: I think to Beck's point before, though, you said you

903
00:40:55,840 --> 00:40:58,400
Speaker 3: would never put your opinions on your friends, and I

904
00:40:58,440 --> 00:41:00,359
Speaker 3: think that's probably the one other element that I would

905
00:41:00,440 --> 00:41:03,080
Speaker 3: highlight is I really don't think that your friends should

906
00:41:03,120 --> 00:41:05,759
Speaker 3: be so aggressively. You know, it's one thing to have

907
00:41:05,840 --> 00:41:08,880
Speaker 3: a great conversation where you challenge each other's thoughts and feeling,

908
00:41:09,360 --> 00:41:12,160
Speaker 3: but it's another to really put somebody down over the choice.

909
00:41:12,520 --> 00:41:13,439
Speaker 5: No, that's not a friend.

910
00:41:13,520 --> 00:41:16,120
Speaker 4: A friend doesn't make you feel like trash about decisions

911
00:41:16,160 --> 00:41:19,640
Speaker 4: that you're making. We are to our friends, we said,

912
00:41:20,200 --> 00:41:22,279
Speaker 4: we said, you've invested in a company, but the CEO

913
00:41:22,400 --> 00:41:24,560
Speaker 4: starts making headlines for all the wrong reasons.

914
00:41:24,600 --> 00:41:25,000
Speaker 1: What do you do?

915
00:41:26,040 --> 00:41:28,279
Speaker 5: They said, yep, I'm going to sell. Can't support that?

916
00:41:28,600 --> 00:41:31,600
Speaker 4: Thirty three percent eight percent of you said only if

917
00:41:31,640 --> 00:41:33,759
Speaker 4: it drops, and fifty nine percent of you said no,

918
00:41:34,280 --> 00:41:39,200
Speaker 4: share isn't its ceo. Next question, we asked, are ethical

919
00:41:39,320 --> 00:41:42,640
Speaker 4: investments important to you? Twenty nine percent of you said yes,

920
00:41:42,719 --> 00:41:46,000
Speaker 4: I invest with purpose, fifty nine percent of you said

921
00:41:46,040 --> 00:41:49,799
Speaker 4: I try, but profit matters. Twelve percent of you said nope,

922
00:41:49,800 --> 00:41:54,759
Speaker 4: I'm just here for returns. Iconic and then we said, hey, guys,

923
00:41:54,920 --> 00:41:58,080
Speaker 4: what's your two cents? First person said, I'm sure if

924
00:41:58,120 --> 00:42:00,319
Speaker 4: we dig through a lot of CEO closes, we're going

925
00:42:00,360 --> 00:42:01,480
Speaker 4: to fight a lot of skeletons.

926
00:42:01,560 --> 00:42:03,000
Speaker 3: I completely agree you Saint rong.

927
00:42:03,480 --> 00:42:07,440
Speaker 4: Next person said, separate the art from the artist. Musk sucks,

928
00:42:07,880 --> 00:42:10,280
Speaker 4: but investing in sustainability is a sleigh.

929
00:42:11,040 --> 00:42:11,239
Speaker 8: Yeah.

930
00:42:11,520 --> 00:42:14,200
Speaker 4: Someone else said, I refuse to let that man take

931
00:42:14,320 --> 00:42:19,160
Speaker 4: my sanity and my money. Another person said, perhaps you

932
00:42:19,200 --> 00:42:22,239
Speaker 4: could balance the shares with more ethical company, which is

933
00:42:22,320 --> 00:42:24,839
Speaker 4: kind of what I was talking about. Someone else said,

934
00:42:24,920 --> 00:42:27,880
Speaker 4: there's accepting that no ceo or company is perfect, but

935
00:42:28,040 --> 00:42:28,480
Speaker 4: musk is.

936
00:42:28,480 --> 00:42:30,040
Speaker 2: The next level. Baud i'd be getting out.

937
00:42:30,640 --> 00:42:32,840
Speaker 3: That's fair. Yes, that's pretty crazy, and.

938
00:42:32,840 --> 00:42:33,759
Speaker 5: I've got two more for you.

939
00:42:33,880 --> 00:42:37,080
Speaker 4: Second last is if you saw these headlines and then invested,

940
00:42:37,640 --> 00:42:39,440
Speaker 4: that sucks, but I think you're fine.

941
00:42:40,160 --> 00:42:40,960
Speaker 2: Yeah, that's a good one.

942
00:42:41,000 --> 00:42:44,359
Speaker 4: And the last person said, your money has power. By

943
00:42:44,440 --> 00:42:46,560
Speaker 4: selling the stock, you are sending a message.

944
00:42:46,920 --> 00:42:47,560
Speaker 5: Yeah, which.

945
00:42:50,000 --> 00:42:53,320
Speaker 4: It's just perpetuating the dilemma, right, Like from my perspective

946
00:42:53,400 --> 00:42:56,880
Speaker 4: as an ex financial advisor on the ethical dilemma, I

947
00:42:56,960 --> 00:42:59,080
Speaker 4: don't want you to lose money because you had your

948
00:42:59,120 --> 00:43:01,160
Speaker 4: heart in the right place to begin with. Let's just

949
00:43:01,560 --> 00:43:04,719
Speaker 4: let that balance out over time and dispose of it later.

950
00:43:05,840 --> 00:43:09,680
Speaker 4: You go, Well, it's been fun, guys, thank you for

951
00:43:09,760 --> 00:43:11,319
Speaker 4: doing another Friday episode with us.

952
00:43:11,360 --> 00:43:13,200
Speaker 5: We have had a very good time, but.

953
00:43:13,239 --> 00:43:14,960
Speaker 2: We'll see you bright early on Monday morning for a

954
00:43:15,040 --> 00:43:15,600
Speaker 2: money diary.

955
00:43:15,760 --> 00:43:16,720
Speaker 3: Bye guys, Bye.

956
00:43:22,680 --> 00:43:25,280
Speaker 4: The advice shared on She's on the Money is generally

957
00:43:25,280 --> 00:43:29,120
Speaker 4: in nature and does not consider your individual circumstances. She's

958
00:43:29,160 --> 00:43:32,560
Speaker 4: on the Money exists purely for educational purposes and should

959
00:43:32,640 --> 00:43:35,800
Speaker 4: not be relied upon to make an investment or financial decision.

960
00:43:36,200 --> 00:43:38,640
Speaker 4: If you do choose to buy a financial product, read

961
00:43:38,680 --> 00:43:42,800
Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards

962
00:43:42,840 --> 00:43:46,120
Speaker 4: your needs. Victoria Divine and She's on the Money are

963
00:43:46,200 --> 00:43:51,160
Speaker 4: authorized representatives of Money Shirper Pty Ltd ABN three two

964
00:43:51,280 --> 00:43:54,200
Speaker 4: one IS six four nine two seven seven zero eight

965
00:43:54,560 --> 00:43:57,080
Speaker 4: AFSL four five one two eight nine