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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or

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Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money. Hello, and

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Speaker 3: welcome to She's on the Money the podcast what us

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Speaker 3: that makes personal finance fun, especially on Fridays. It's our

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Speaker 3: favorite day of the week because we get our very

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Speaker 3: small team together and we celebrate you the incredible She's

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Speaker 3: on the Money community. It's just agreed. She's back and

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Speaker 3: she's sharing our favorite money wins. Beck, you're here and

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Speaker 3: you've got a number of broke tips to share with us,

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Speaker 3: which I know you've already got prepared on your phone.

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Speaker 2: I do you do?

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Speaker 3: And we are going to be helping to answer our

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Speaker 3: money dilemma, which this week is all about how to

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Speaker 3: research good investments and something that you slid into our

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Speaker 3: dms about what you should do when your ex boss

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Speaker 3: won't pay the super they owe you.

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Speaker 2: We're going to war.

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Speaker 3: Were right, We right back, Dawn, But before we get there, guys,

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Speaker 3: how were your week?

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Speaker 2: My week was good.

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Speaker 4: I won't shut up to anybody who listened about the

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Speaker 4: fact that my sister in lawge just had our second baby.

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Speaker 3: Ye I'm like, the first thing I asked you when

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Speaker 3: you got here it was how's Beck?

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Speaker 2: How's the baby? Have you got more photos? So exciting?

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Speaker 4: So I feel like we're just like loving had and

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Speaker 4: like doing the fun thing where you know, when there's

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Speaker 4: already one kid, you have to be really careful not

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Speaker 4: to just shift all the attention to the new baby,

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Speaker 4: because you.

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Speaker 2: Know it's already a big shift for them.

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Speaker 4: Mummy, he's doing really well. So my other nephew. For

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Speaker 4: anyone listening, is he's just turned to. They were born

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Speaker 4: six days apart, well two years and six days. Yeah,

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Speaker 4: so he's just turned to. He's doing really well. Although

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Speaker 4: we did try and get a photo of them together.

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Speaker 4: I was designated Instagram mum obviously, and so we tried

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Speaker 4: to het a photo of them together for the announcement

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Speaker 4: for them to post on just Facebook and stuff. The

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Speaker 4: ordeal that that was because they wanted to have you know,

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Speaker 4: Spency holding his little brother.

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Speaker 2: But then he didn't want to hold his little brother.

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Speaker 4: He was too excited because they were balloons because it

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Speaker 4: was his birthday.

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Speaker 2: It was just a balloon out of him. Put the

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Speaker 2: baby in.

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Speaker 4: It was like it was a whole thing. But it

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Speaker 4: was very key. He's doing really well.

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Speaker 3: There's this really great photo one of my girlfriends has

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Speaker 3: of her two kids together, you know her, and it's

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Speaker 3: of her two year old holding their baby. But it

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Speaker 3: looks like the two year olds kissing the baby on

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Speaker 3: the forehead and it's so sweet that but he's usually

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Speaker 3: licking the yogurt dog.

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Speaker 2: That's a hack that actually is Maybe I should try

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Speaker 2: where's the blob of yogurt on the newborn's head and

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Speaker 2: the baby's like, yeah, my god, that's hilarious, so cute.

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Speaker 3: Yeah, maybe that, or you could put like a cocoa

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Speaker 3: pop or something on top of the I.

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Speaker 2: Don't know, the doll of ice cream whatever to get

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Speaker 2: the photo. It's a sweet tree. But they did, in

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Speaker 2: fact get the photo. And that's that's all that matters.

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Speaker 2: You just need one to that thing. Can I talk

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Speaker 2: about five hundred and we got one?

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Speaker 3: Oh my goodness, but that is so new babies, it is.

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Speaker 3: It doesn't last long enough, like people tell you, you go

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Speaker 3: so quickly, and like the fact that I now have

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Speaker 3: a toddler is insane to me.

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Speaker 2: Yes, should be illegal, he said, Boy, I hate it.

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Speaker 2: I hate it. Here, how's your week being?

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Speaker 5: Really nice week? Really nice week. I'm obsessed with baking bread,

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Speaker 5: you guys. I'm literally sitting here thinking about, like I've

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Speaker 5: got to get the bread rising as.

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Speaker 2: Soon as we finished.

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Speaker 3: In the process of baking bread, are we doing like

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Speaker 3: homemade sourdow? Do we have a starter? Like what kind

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Speaker 3: of slippery slope when it comes to baking? The thing

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Speaker 3: is with sodo First of all, so controversial opinion.

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Speaker 2: It hurts, It hurts to eat it, and I don't

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Speaker 2: like it. But also hot tap like critchy up the

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Speaker 2: top of your mouth. Respectfully, I disagree, but.

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Speaker 3: That's like wow, like steaks, Yeah, she wouldn't need a

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Speaker 3: steak knife to cut my bread.

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Speaker 2: You shouldn't.

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Speaker 5: And so I'm I and also you need like a

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Speaker 5: living being, a sentient off human, and your.

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Speaker 3: She didn't grow up on the wonder white like we did. No, okay,

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Speaker 3: just babies here.

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Speaker 5: I can see your eys. You've maybe had a wonder

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Speaker 5: while or two in your time, but.

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Speaker 3: You can't have a fairy bread on any other bread,

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Speaker 3: no exact illegal. Oh yeah, absolutely imagine going up.

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Speaker 5: Yeah, but I really am just doing like loaves of

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Speaker 5: white bread. I'm trying to get the perfect loaf, just

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Speaker 5: like your bakery bread. You know when you go in

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Speaker 5: this like in that that clear packaging, it's like got

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Speaker 5: blue and white.

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Speaker 2: The loaf.

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Speaker 5: The loaf just wants to be a blockloaf, queen.

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Speaker 2: That's all I want in my life.

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Speaker 5: And that's and it literally is like I always said.

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Speaker 5: Last week was like maybe two dollars a loaf.

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Speaker 2: This on sixty cents alone.

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Speaker 3: Crazy, that is so good, plate foul this time, like

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Speaker 3: my favorite bread if we're buying it at the supermarket,

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Speaker 3: like I wish I could be like, oh, yes, it's

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Speaker 3: this beautiful pumpkin sour from wood Frog Bakery, like we

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Speaker 3: do buy that sometimes, mainly for my husband. So it's

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Speaker 3: the block loaf, the white block loaf. From Baker's Delight.

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Speaker 3: Give me a block loaf any day of the week.

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Speaker 3: The whiter the bread the better, like the softer the

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Speaker 3: read the better. Absolutely nothing like slash bread. You work

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Speaker 3: at Baker's Delight and can teach us how to make

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Speaker 3: a block loaf. You slide into our d ms.

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Speaker 2: And also the cheese roll. I love that cheese.

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Speaker 3: Oh ye good yet edge you might yeah, okay, I

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Speaker 3: think the next one will be puff pastry.

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Speaker 5: You know it's a thirteen hour process. But anyway, as

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Speaker 5: a sorry for another time, I know.

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Speaker 2: We don't have time for this right now.

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Speaker 5: Yeah that that always is better actually, even the homemade

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Speaker 5: ones that.

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Speaker 2: You're making your own bread. Yeah, that's so wow. I

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Speaker 2: sound so boring. I promise I'm sorry for it. I

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Speaker 2: tell about my toddler.

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Speaker 6: Yeah.

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Speaker 2: So it's been like a gorgeous, wholesome week. I love that.

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Speaker 2: What about you?

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Speaker 3: Oh my goodness, it has been a circus. What have

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Speaker 3: I done this week? I've just done a lot, like

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Speaker 3: just work, stuff like Zella stuff, Zella stuff, Zella stuff.

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Speaker 3: There's just so many like in the best possible way,

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Speaker 3: first home buyers. I think that there's been an increase

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Speaker 3: in interest in people getting into their first time homes

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Speaker 3: after the interest rate cut, which is obviously really exciting.

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Speaker 3: But now because it's what like the twenty eighth of March,

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Speaker 3: all of the banks have now passed on the interest

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Speaker 3: rate cut. So that took a little bit from when

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Speaker 3: the Reserve Bank like told everyone, oh, we're cutting the

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Speaker 3: interest rates, like, it took a bit for the banks

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Speaker 3: to actually pass that on to consumers. And now we

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Speaker 3: are able as brokers to write those loans, which is

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Speaker 3: really cool.

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Speaker 2: But it's just a lot busier at work, so.

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Speaker 3: I'm spending a lot of time in the office. I

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Speaker 3: love our office though. The vibes are high and the

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Speaker 3: coffee is really good, so gorgeous out of ten. Also, Alisha,

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Speaker 3: who's on our team, she brought in. She's the one

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Speaker 3: that has the EMU symblings that I told you about

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Speaker 3: last week. Yes, she brought in the ice maker that

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Speaker 3: we used to have at our old office. So now

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Speaker 3: we have ice maker in our office for the crispiest

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Speaker 3: of crispy cokes.

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Speaker 2: In the afternoon. Oh yeah, do you know what? I

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Speaker 2: want so bad?

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Speaker 4: And I'm trying to resist because all the after payday

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Speaker 4: sails are out.

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Speaker 2: I really want a ninja slush year. This is about you.

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Speaker 4: I'm trying to like see if there's going to be

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Speaker 4: like a twenty percent cash back or something.

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Speaker 3: Yeah, yeah, yeah, yeah, but yes, what are you going

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Speaker 3: to make with a ninja slushy?

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Speaker 4: PEPs like, oh my god, frozen PEPSI Max just every day,

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Speaker 4: every day I feel like it would be really good

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Speaker 4: for like little watermelon mint drinks or.

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Speaker 2: Like a cute lemons.

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Speaker 4: I can never pronounce it scorppino, like oh yeah, yeah,

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Speaker 4: yeah yeah, nice, Like running on my loop. I'm checking

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Speaker 4: like every day the cash back platforms.

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Speaker 2: To see I'm obsessed.

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Speaker 3: I hate to do this to Jessica as well, because

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Speaker 3: I have this is probably one of the boogiest purchases

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Speaker 3: they ever made. It's not even designer, but I have

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Speaker 3: at my house a Nugget ice maker.

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Speaker 2: Nugget ice Maker.

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Speaker 3: So the teeny tiny little ice young Kit and I

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Speaker 3: fell in love with it when we were in the

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Speaker 3: US and where were we Where was it? Chick file

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Speaker 3: A They had Snugget and I was like, I need this,

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Speaker 3: Like how.

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Speaker 2: Do I get this? And that was the slipperiest of

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Speaker 2: slippery slopes.

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Speaker 3: Yeah, it turns out you can't get nugget ice in

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Speaker 3: Australia unless it's commercial. So when I say bougie purchase,

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Speaker 3: it's because I spent so much money on this, I

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Speaker 3: would say ADHD hyperfixation. It was all I thought about,

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Speaker 3: it was all I googled. I bought a nugget ice

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Speaker 3: maker from the US. Okay, okay, okay, I had it

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Speaker 3: shipped to Australia. I don't actually want to ever admit

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Speaker 3: to anyone how much money I spent on that, because

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Speaker 3: it is it's not. Okay, Jessica, was it worth it?

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Speaker 3: I would absolutely, yeah, thank you, thank you. I just

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Speaker 3: needed that validation. I also had to buy like one

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Speaker 3: of those power converters because it's an American machine and

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Speaker 3: they work on what is it, one hundred and ten volts.

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Speaker 3: We are two twenty, so it's like a full power converter.

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Speaker 3: It's not just like one of those things that goes

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Speaker 3: into the wall. It's a box like and it was wow,

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Speaker 3: that is dedicated. Yeah. So we have a nugget ice

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Speaker 3: maker at my house and every time jess comes to

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Speaker 3: my house, she brings her drink poddle and fills it

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Speaker 3: up with nugget ice, and like the second she gets

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Speaker 3: to my house, I'm like, Nuggi ice coke, and like

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Speaker 3: we have nugget ice coat. It's like a thing for us. Right,

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Speaker 3: you can now get a nugget ice makers in Australia.

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Speaker 3: You can now you can Now you could have a

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Speaker 3: nugget ice maker at your house.

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Speaker 2: Oh well, now it's like which one do I buy

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Speaker 2: a slash maker on a nugget ice maker.

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Speaker 3: But that's why I like, literally when just says, oh,

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Speaker 3: there's a slushy maker, I'm like, I'm actually not allowed

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Speaker 3: that because I actually spent my entire budget for the

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Speaker 3: rest of ever.

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Speaker 2: On kitchen appliances. On an icemaker.

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Speaker 3: I actually ye knew, like what is it like the

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Speaker 3: spaghetti utensil?

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Speaker 2: But I'm not going to buy one.

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Speaker 3: You don't deserve your kitchen story, Victoria, you have an

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Speaker 3: ice maker?

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Speaker 2: Yeah, not allowed anyway.

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Speaker 3: So that's where we're at. Jessica, would you light a

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Speaker 3: five star review? I certainly would feel like it's going

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Speaker 3: to bring the mood up. So this week we have

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Speaker 3: a five star review from Tea So just love, love,

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Speaker 3: love The girls make personal finance, business and property just

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Speaker 3: so digestible and interesting. In the last eight months of listening.

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Speaker 3: I've binged almost every single episode and look forward to

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Speaker 3: my drive to work knowing I'll be listening to them.

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Speaker 3: The Jess and Beck always bring a unique perspective to

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Speaker 3: each dilemma and topic, as it's just so refreshing to

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Speaker 3: have these quote boring or sometimes complex topics discussed in

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Speaker 3: an accessible way that normalizes the conversation of money and finances.

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Speaker 3: It's enabled me to be more transparent with my partner,

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Speaker 3: my friends, and my family, and I feel like I

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Speaker 3: am in the healthiest financial position I've ever been in.

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Speaker 2: Oh so cute. The fact that.

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Speaker 3: Someone said I'm in the healthiest financial position I've ever

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Speaker 3: been in. Yeah, and I'm so happy we can keep

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Speaker 3: you company on your drive to work is low key

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Speaker 3: really cute.

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Speaker 4: It's not to think about where people listen, like if

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Speaker 4: I can get where I listen to things in my

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Speaker 4: headphones or like in the car. It's like people are

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Speaker 4: probably like wearing some mon holes right now and they're

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Speaker 4: doing are there.

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Speaker 3: And it's like, I don't know, I feel really lucky

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Speaker 3: because it's such an intimate form of media to consume,

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Speaker 3: because like you're not usually putting a podcast on in

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Speaker 3: the background, like, oh, you're not usually putting a podcast

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Speaker 3: on to like watch maths and your husband's sitting on

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Speaker 3: the couch next to you. You're usually doing it on

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Speaker 3: your own, your own in the car, or you're on

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Speaker 3: your own doing the dishes. As you said, yess And

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Speaker 3: I just I love that it's just as us.

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Speaker 2: You're mere.

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Speaker 3: Maybe yeah, Jessic Carr, you've fully engrossed in the Facebook.

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Speaker 2: Group this week.

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Speaker 3: Other highlights, Oh righty, So, first of this week, I've

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Speaker 3: got the money in from Julia, who said she paid

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Speaker 3: off her personal loan after sixteen years of constantly borrowing more. Wow,

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Speaker 3: she's committed to living within her means and she paid

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Speaker 3: it off a few months early. She's so proud of

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Speaker 3: herself and can't wait to enjoy more financial freedom and

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Speaker 3: building up her emergency and savings funds.

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Speaker 2: Sixteen years that would be so good.

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Speaker 3: That's one of those times where you genuinely deserve someone

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Speaker 3: to jump out of a wall or cape, cupboard cake

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Speaker 3: like with balloons and streamers and a champagne.

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Speaker 4: Seriously, why I say well done, Julia. I feel like

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Speaker 4: it must have been a long slog, but we're so.

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Speaker 3: I'm so excited for you because, like it's only up from.

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Speaker 4: Here, exactly right. Next, I've got money in from Piarege,

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Speaker 4: who said money win. My daughter turned three on the

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Speaker 4: weekend and all she wanted was a rainbow cake. My

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Speaker 4: mom suggested the home brand cake mix, which is a

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Speaker 4: dollar a packet, and then you know, doing a little

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Speaker 4: sprucing up of it if you will. The cake ended

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Speaker 4: up costing ten dollars out of pocket total for the

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Speaker 4: cake mix, butter, icing, sugar, etcetera. And the rest of

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Speaker 4: it was in her pantry. Normally she'd spend between sixty

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Speaker 4: and one hundred dollars on a birthday cake. An absolute winner.

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Speaker 4: And she put a really cute little picture of this.

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Speaker 2: Beautiful lady bakery. It looks like very good.

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Speaker 4: I have ten dollars, very nice, absolute money win. Next,

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Speaker 4: I've got a money in from Kerry, who said she

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Speaker 4: did her shopping and came out to the car and

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Speaker 4: found that someone hadn't bothered to take their trolley back.

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Speaker 2: The worst kind of people. But I had money and

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Speaker 2: it didn't it. She took it back. She got herself

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Speaker 2: an extra door.

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Speaker 3: I don't know if I will ever be in a

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Speaker 3: money mind frame where I could just leave that point

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Speaker 3: at what point are you so rich that you just

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Speaker 3: go I don't want to take my trolley back and

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Speaker 3: get my gold coin back.

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Speaker 2: Never, I say, I just I'm not there yet. Maybe

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Speaker 2: I'm just not peaked. But it's also just kind of

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Speaker 2: you just put it back. It's not that high. I'm

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Speaker 2: judging you me too. I'm sorry.

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Speaker 3: I'm judging you if you're not putting your trolley back,

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Speaker 3: if you haven't got a good reason. But if you're

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Speaker 3: just lazy, no, I'm judging ye, not good at all,

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Speaker 3: judging you hard.

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Speaker 2: Bye. Agree.

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Speaker 4: Next, I've got a money win from Nicole, who said

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Speaker 4: she followed Back's advice from Friday Drinks a couple of.

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Speaker 2: Weeks ago, which one she wasn't driving. In fifth.

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Speaker 4: Want advice, she replaced her shower head that had been leaking,

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Speaker 4: and it turned out it had a massive crack, not

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Speaker 4: just a leak. Luckily, Aldie had a plumbing sale. She

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Speaker 4: got a new shower head, pipe, wrench and plumbing tape

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Speaker 4: from Bunnings and it was less than sixty dollars.

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Speaker 2: Yeah what, I love that?

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Speaker 3: Incredible with the goods mid middle plumbing sales of course,

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Speaker 3: plumbing sale. Are you going to the snowback you can

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Speaker 3: get sky gear. Oh this week we're doing demolition like anything.

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Speaker 2: Ever, anytime I.

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Speaker 3: Go into Audi, yeah, because like it's not my main

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Speaker 3: shop at the moment, just because of like proximity to

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Speaker 3: a supermarket, I have to check out the middle aisles.

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Speaker 2: Like it's a ride of passage.

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Speaker 3: Like I went in for a chocolate the other day

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Speaker 3: and I was like, better check out the middle aisle.

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Speaker 2: Yeah, it's a right of passage. You have to tweaked

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Speaker 2: it's my favorite tweet. They do like this.

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Speaker 4: They have all these Dutch snacks. There's all these cookies

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Speaker 4: that my grandma's.

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Speaker 2: Next time they do Nicolins. Are proud of you. Yeah,

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Speaker 2: really so happy. I love I reminder, just google it,

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Speaker 2: just google it.

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Speaker 3: Could be I'm going to get bracelets made up and

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Speaker 3: they'll do w W B D and it's what we're

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Speaker 3: bet to do, and then we should consider whether we

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Speaker 3: should do that or not.

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Speaker 5: Except yea trust sometimes it'll be helpful because it's like, oh,

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Speaker 5: I'm going to do the opposite.

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Speaker 2: Sometimes I didn't say what would Beck do? And then

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Speaker 2: just do that. It's an entertaining question, what would Beck do?

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Speaker 2: Let's think about that. Yes, yes, yes, fun little prompt.

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Speaker 4: And then last week I put the money in from

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Speaker 4: Tracy who said she was looking at purchasing a new

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Speaker 4: bag recently, and she ducked into an opshop before an

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Speaker 4: appointment and managed to find herself an almost new Origin

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Speaker 4: bag for four dollars in exactly the size and color

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Speaker 4: she wanted.

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Speaker 2: That is wow, so good. The shop gods were smiling

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Speaker 2: on her.

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Speaker 3: Oh, I love it. That's a good place to leave it.

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Speaker 3: For the Facebook group this week, beck yes broke tips.

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Speaker 3: What do you bring into the table? You've got three?

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Speaker 3: As always I do, I do, okay.

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Speaker 2: So there are two from the community.

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Speaker 5: The first one comes from I don't know their name,

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Speaker 5: but their instagram is yollipops, which is very cute.

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Speaker 2: They say, keep napkins from your takeaway. They've accumulated so

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Speaker 2: many napkins they kind of like double as apra towels.

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Speaker 2: Oh that's such a great idea, right, and just throwing

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Speaker 2: them out to.

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Speaker 5: Yes, exactly, I prefer those little You know that they're

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Speaker 5: quite thick, aren't they, those folded napkins.

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Speaker 7: Yeah, you just go and even if if you get one,

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Speaker 7: you just go over and oh, just grab a few

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Speaker 7: more and then you just take them, you take them home,

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Speaker 7: and there's something really aesthetically pleasing about accumulating coasters napkins

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Speaker 7: from all different places.

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Speaker 2: So great call.

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Speaker 5: The next one comes from Naomi, who says, take the

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Speaker 5: free DFO shuttle from South Wharf to the airport instead

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Speaker 5: of the skybus.

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Speaker 2: Excuse me, worry, I didn't even know it was no

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Speaker 2: DFO shuttle from South Wolf to the airport. You reckon? Yeah,

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Speaker 2: like not to the Essendon DFO, I would not think

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Speaker 2: so to the airport. Yeah, that's low key genius.

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Speaker 3: I know, I know getting public transport is expensive there.

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Speaker 3: I would say the skybus is like semi reasonable, but like.

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Speaker 2: Free, you can't compete with free.

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Speaker 5: No, no, you can't compete with free exactly, So I

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Speaker 5: don't know it was.

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Speaker 2: Like twenty bucks.

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Speaker 5: Maybe that was back in my heyday.

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Speaker 2: One way. I actually haven't caught the skybus in a

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Speaker 2: long time.

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Speaker 5: I mean I never fly, so I haven't, but I

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Speaker 5: think it was around that much. But like free is

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Speaker 5: better than especially if you're like, if you're going on

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Speaker 5: a trip, you're spending so.

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Speaker 2: Much money already, so you don't want to spending extra.

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Speaker 2: But the value car park is like twelve bucks a day. Huh. Anyway,

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Speaker 2: my broke tip for this week. I don't know if

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Speaker 2: you guys remember my dupe one from a while back.

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Speaker 3: Yeah, we were here, We were actually right here, yeah, couch.

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Speaker 5: And I do always want to preface these things by

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Speaker 5: saying I don't encourage buying. I guess like maybe knockoffs

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Speaker 5: or replicas of things from like artists who have you know, Oh,

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Speaker 5: I think you know, if you can afford it, pay

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Speaker 5: for the original. But anyway, if you can't, if you're

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Speaker 5: just trying to get by, there is another URL I'm

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Speaker 5: going to give you.

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Speaker 2: So it's called check Benny.

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Speaker 5: Let's see how h E C K B E n

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Speaker 5: I dot com slash forward slash. You put that before

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Speaker 5: the U r L. Say you're looking at a h

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Speaker 5: what's that thing? Neutribe all sash slash and ninja slushy.

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Speaker 5: If you chuck that before the r L when you're

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Speaker 5: like on whatever page you're on, it may find you

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Speaker 5: a nice dupe.

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Speaker 3: I haven't how I feel about dupes for electrical appliances.

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Speaker 5: Yeah, I don't know how I feel about loking for trouble.

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Speaker 5: The example they had was a pair of red boots.

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Speaker 5: So maybe do something that's less fashion or fashion jewelry, yeah,

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Speaker 5: maybe furniture.

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Speaker 3: Yeah, things like that interesting, so that if you found

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Speaker 3: or you just learned about it and thought that was cool.

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Speaker 2: I just learned about it. I thought it was cool.

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Speaker 2: But we we'll trial it out and see how it goes. Yeah,

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Speaker 2: I'm really I really want one of those.

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Speaker 5: I don't know, they're really old, but those mushroom lamps

427
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Speaker 5: like from Dennis did it?

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Speaker 1: Oh?

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Speaker 2: Yeah, So maybe I'll do that. We'll try that. We'll

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Speaker 2: keep an eye out, keep it. I'll find you one.

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Speaker 2: Thank you so much.

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Speaker 3: I don't think I'll be able to find one in

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Speaker 3: the same way i'll be able to find a ninja

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Speaker 3: slushy though. I'm sorry, Jess, I don't think that's something

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Speaker 3: that's going to pop up in the options.

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Speaker 2: I'll keep holding out.

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Speaker 3: We've got you, all right. Let's go to a really

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Speaker 3: quick break on the flip side. We're going to be

439
00:20:16,680 --> 00:20:19,040
Speaker 3: having a chat about I'm so excited about this because

440
00:20:19,040 --> 00:20:21,919
Speaker 3: you guys have asked how do I research the best investments?

441
00:20:22,680 --> 00:20:25,320
Speaker 3: But then also we've got a DM this week about

442
00:20:25,359 --> 00:20:28,560
Speaker 3: what to do when your boss isn't paying your super

443
00:20:28,720 --> 00:20:31,080
Speaker 3: or your ex boss isn't paying your super and you're

444
00:20:31,080 --> 00:20:34,040
Speaker 3: going one down. So let's go to a really quick

445
00:20:34,040 --> 00:20:35,840
Speaker 3: break and on the flip side, I'm probably gonna lose it.

446
00:20:40,680 --> 00:20:43,080
Speaker 2: Welcome back, everybody. Let's take a listen to this week's

447
00:20:43,119 --> 00:20:43,840
Speaker 2: money dilemma.

448
00:20:46,119 --> 00:20:48,480
Speaker 3: Hi, there, have you got a money dilemma you just

449
00:20:48,520 --> 00:20:51,040
Speaker 3: can't solve? The Sheese on the Money team is here

450
00:20:51,080 --> 00:20:54,320
Speaker 3: to help. Every week we tackle your dilemmas, both big

451
00:20:54,359 --> 00:20:57,080
Speaker 3: and small, to answer your most burning money, career and

452
00:20:57,119 --> 00:20:59,960
Speaker 3: life questions. To get involved, simply head to our web

453
00:21:00,080 --> 00:21:02,199
Speaker 3: site and leave us a short voice recording and you

454
00:21:02,280 --> 00:21:05,000
Speaker 3: might just find yourself on the show. Now, let's take

455
00:21:05,000 --> 00:21:09,240
Speaker 3: a listen to this week's money dilemma.

456
00:21:09,800 --> 00:21:13,080
Speaker 6: I am a new investor in Australia. I'm twenty three

457
00:21:13,160 --> 00:21:17,359
Speaker 6: years old. I want to know where to invest for

458
00:21:17,520 --> 00:21:20,240
Speaker 6: long term goals that is safe and secure, and where

459
00:21:20,240 --> 00:21:23,440
Speaker 6: I should invest for short term goals and what platforms

460
00:21:23,440 --> 00:21:27,920
Speaker 6: I should use to invest, Which are the best platforms,

461
00:21:27,960 --> 00:21:32,040
Speaker 6: Just like a real that states everything easily and not

462
00:21:32,040 --> 00:21:37,240
Speaker 6: giving financial advice, but just making it giving me the

463
00:21:37,240 --> 00:21:39,720
Speaker 6: best options or like where to research this stuff.

464
00:21:39,760 --> 00:21:43,200
Speaker 3: You know, I realize that's such a hard one because

465
00:21:44,280 --> 00:21:46,800
Speaker 3: like I get that you know that I can't give

466
00:21:46,840 --> 00:21:49,480
Speaker 3: you financial advice, but then you're like, what's the best

467
00:21:49,640 --> 00:21:52,240
Speaker 3: safest option for a long term investment? And I'm like,

468
00:21:52,560 --> 00:21:56,080
Speaker 3: if I could tell you legally, I would, But the

469
00:21:56,080 --> 00:21:59,120
Speaker 3: reality of that situation is that the right long term

470
00:21:59,160 --> 00:22:03,920
Speaker 3: investment for different people is different. Because even if there

471
00:22:04,040 --> 00:22:06,359
Speaker 3: was a one size fits all approach, which I wouldn't

472
00:22:06,400 --> 00:22:10,119
Speaker 3: be allowed to tell you about anyway, the reality is

473
00:22:10,560 --> 00:22:13,280
Speaker 3: I don't know your risk profile. You know, you might

474
00:22:13,400 --> 00:22:16,960
Speaker 3: be more akin to investing in term deposits and bonds,

475
00:22:16,960 --> 00:22:20,760
Speaker 3: not investments as in the share market. And even if

476
00:22:20,800 --> 00:22:23,680
Speaker 3: you were, you know, let's say you, Jess and Beck,

477
00:22:23,760 --> 00:22:27,119
Speaker 3: you both have decided to see a financial advisor, and

478
00:22:27,200 --> 00:22:30,000
Speaker 3: you both have like five thousand dollars, let's pretend to

479
00:22:30,119 --> 00:22:35,680
Speaker 3: invest your investment profiles, and your portfolios might come out

480
00:22:35,680 --> 00:22:38,399
Speaker 3: completely different because just your long term goals, I know,

481
00:22:38,800 --> 00:22:41,080
Speaker 3: from knowing you well enough, you want to buy property,

482
00:22:41,160 --> 00:22:42,920
Speaker 3: you want to you know, do all these other things.

483
00:22:42,960 --> 00:22:44,560
Speaker 3: And then Beck, on the flip side, you might be like,

484
00:22:44,600 --> 00:22:45,919
Speaker 3: I just want you to lock it away and like

485
00:22:45,960 --> 00:22:47,320
Speaker 3: I don't want to be able to access it, and

486
00:22:47,359 --> 00:22:50,439
Speaker 3: those two things are quite different. And the portfolio we

487
00:22:50,480 --> 00:22:53,120
Speaker 3: would create is very different, and I think that's why

488
00:22:53,520 --> 00:22:56,840
Speaker 3: I'm really passionate about investing in Australia. And I mean,

489
00:22:56,840 --> 00:22:58,639
Speaker 3: if you're talking about picking a platform, there are so

490
00:22:58,640 --> 00:23:01,720
Speaker 3: many safe platforms. How can you adore chare Zy's Like

491
00:23:01,760 --> 00:23:04,399
Speaker 3: you've probably seen it a million times. And someone the

492
00:23:04,480 --> 00:23:06,199
Speaker 3: other day messaged me and they're like, hey, v have

493
00:23:06,280 --> 00:23:08,919
Speaker 3: you heard of chair Z's And I.

494
00:23:08,800 --> 00:23:11,000
Speaker 2: Was like, yeah, like once or twice.

495
00:23:13,359 --> 00:23:15,160
Speaker 3: Don't mean to be rude, but you haven't ever listened

496
00:23:15,160 --> 00:23:17,320
Speaker 3: to one of my podcasts, have you? And they were like, no, no,

497
00:23:17,440 --> 00:23:19,280
Speaker 3: just on your Facebook group And I was like, okay, cool,

498
00:23:19,400 --> 00:23:23,119
Speaker 3: that's where I ran about them. So am I recommending that?

499
00:23:23,480 --> 00:23:26,400
Speaker 3: Absolutely not, But like it's just one of the most

500
00:23:26,400 --> 00:23:30,800
Speaker 3: popular in our community. And luckily in Australia, our government

501
00:23:30,840 --> 00:23:33,399
Speaker 3: is pretty strict on what they accept and what they don't.

502
00:23:33,480 --> 00:23:37,600
Speaker 3: So if an investment platform is allowed to operate in Australia,

503
00:23:37,720 --> 00:23:41,400
Speaker 3: they aren't a scam, Like they just aren't. Are their

504
00:23:41,440 --> 00:23:45,280
Speaker 3: fees amazing? Maybe not, Like we're not talking about Shazy's anymore,

505
00:23:45,280 --> 00:23:47,919
Speaker 3: We're just talking about random platforms. But like, does it

506
00:23:48,000 --> 00:23:50,760
Speaker 3: mean that they're all, you know, equal, No, but you're

507
00:23:50,760 --> 00:23:53,200
Speaker 3: not going to get scammed if it's an investing platform

508
00:23:53,280 --> 00:23:56,680
Speaker 3: that's accessible in Australia. So the first thing would be

509
00:23:56,720 --> 00:23:58,600
Speaker 3: picking a platform, and then it would be about picking

510
00:23:58,640 --> 00:24:01,600
Speaker 3: an investment, and there's so many things to consider, and

511
00:24:01,680 --> 00:24:04,399
Speaker 3: it's probably a very good time for me to remind

512
00:24:04,480 --> 00:24:07,960
Speaker 3: people that the doors to my Investing Masterclass now open,

513
00:24:08,200 --> 00:24:11,359
Speaker 3: and that's where I teach you literally how to create

514
00:24:11,400 --> 00:24:15,360
Speaker 3: a financial plan for yourself from you know, the very

515
00:24:15,400 --> 00:24:18,520
Speaker 3: beginnings of understanding your money story all the way through

516
00:24:18,640 --> 00:24:21,760
Speaker 3: to rebalancing a portfolio once you have it. Like, I

517
00:24:21,880 --> 00:24:24,399
Speaker 3: teach you everything, and I can't do that in a

518
00:24:24,400 --> 00:24:28,919
Speaker 3: podcast because I needed graphics and downloadables and workbooks and

519
00:24:29,000 --> 00:24:31,679
Speaker 3: cheat sheets and like quizzes and like all of this

520
00:24:31,720 --> 00:24:33,439
Speaker 3: stuff that I was like, I actually need you to

521
00:24:33,480 --> 00:24:35,719
Speaker 3: like walk the walk before you actually go and do this.

522
00:24:36,680 --> 00:24:40,040
Speaker 3: So for me, I would say, I can't tell you,

523
00:24:40,240 --> 00:24:42,639
Speaker 3: but I can teach you, like and even in my

524
00:24:42,680 --> 00:24:44,800
Speaker 3: Investing master Class, I don't tell you what to do,

525
00:24:44,960 --> 00:24:47,840
Speaker 3: but I do do comparisons of the most popular ETFs

526
00:24:47,840 --> 00:24:50,280
Speaker 3: in Australia and what might work for you the most

527
00:24:50,280 --> 00:24:53,560
Speaker 3: popular shares all of that stuff. But yes, if you're interested,

528
00:24:53,560 --> 00:24:55,920
Speaker 3: maybe the investing master class is few and it's open

529
00:24:55,960 --> 00:25:00,200
Speaker 3: at the moment, it's just opened for short.

530
00:25:00,240 --> 00:25:04,040
Speaker 5: M Oh yeah, it would be like high interest savings

531
00:25:04,080 --> 00:25:05,560
Speaker 5: would be or term deposit.

532
00:25:05,720 --> 00:25:05,920
Speaker 2: Yeah.

533
00:25:06,000 --> 00:25:10,840
Speaker 3: Look, I don't think that investing for short term goals

534
00:25:11,000 --> 00:25:15,199
Speaker 3: is smart, especially in our current economy. I'm definitely a

535
00:25:15,280 --> 00:25:18,000
Speaker 3: put it in a high interest savings account, but to me,

536
00:25:18,160 --> 00:25:20,439
Speaker 3: that's not an investment. That's you putting it in a

537
00:25:20,480 --> 00:25:24,160
Speaker 3: high interest savings account. And there's a difference between savings

538
00:25:24,160 --> 00:25:26,800
Speaker 3: and investments. So for me, savings are for short term

539
00:25:26,880 --> 00:25:28,080
Speaker 3: and then investment.

540
00:25:27,720 --> 00:25:29,680
Speaker 2: Is for long term. Yep, got you got you got

541
00:25:29,720 --> 00:25:31,480
Speaker 2: to check out our investing playlists.

542
00:25:31,480 --> 00:25:34,359
Speaker 4: We've done over forty episodes, including we did one on

543
00:25:34,560 --> 00:25:37,840
Speaker 4: crea couple. Yeah, just a few over the forty episodes,

544
00:25:37,880 --> 00:25:41,199
Speaker 4: that's like an entire work week of me.

545
00:25:41,359 --> 00:25:45,400
Speaker 2: Yap and about investment, probably more see it's free. Will

546
00:25:45,440 --> 00:25:46,480
Speaker 2: link the players in the show notes.

547
00:25:46,520 --> 00:25:48,840
Speaker 4: I know we've definitely done one on how to create

548
00:25:48,880 --> 00:25:50,879
Speaker 4: your perfect portfolio, which might be helpful for you to

549
00:25:51,080 --> 00:25:53,240
Speaker 4: have a look at lots of resources. I know that

550
00:25:53,280 --> 00:25:55,760
Speaker 4: you said you wanted a real but realistically, the level

551
00:25:55,800 --> 00:25:59,400
Speaker 4: of education that you're seeking isn't something that you could.

552
00:25:59,240 --> 00:26:01,280
Speaker 2: I would have loved to make it real seconds.

553
00:26:01,600 --> 00:26:03,280
Speaker 3: I would have loved to been able to put all

554
00:26:03,320 --> 00:26:05,600
Speaker 3: of that into a real but unfortunately I can't. So

555
00:26:05,680 --> 00:26:09,720
Speaker 3: I did a whole investing masterclass with hours of video

556
00:26:09,840 --> 00:26:12,439
Speaker 3: content for you, because that's actually what you need to

557
00:26:12,480 --> 00:26:16,879
Speaker 3: answer that question. Yeah, gorgeous guys, would you like the

558
00:26:16,960 --> 00:26:17,920
Speaker 3: DM of this week?

559
00:26:18,080 --> 00:26:18,240
Speaker 5: Yes?

560
00:26:18,320 --> 00:26:20,679
Speaker 2: Pee, this is where I'm probably gonna lose it. Are

561
00:26:20,720 --> 00:26:21,199
Speaker 2: you ready?

562
00:26:21,720 --> 00:26:25,159
Speaker 3: So DM this week says Hi, she's on the money.

563
00:26:25,480 --> 00:26:28,280
Speaker 3: I have a money dilemma for you. So, my old

564
00:26:28,280 --> 00:26:31,159
Speaker 3: boss has only paid some of my super and I

565
00:26:31,240 --> 00:26:34,359
Speaker 3: was quit. I was laid off by mutual agreement about

566
00:26:34,359 --> 00:26:40,520
Speaker 3: two years ago. We're still friends and talk regularly. She

567
00:26:40,640 --> 00:26:43,400
Speaker 3: owes me about five thousand dollars in superannuation, and I've

568
00:26:43,400 --> 00:26:46,480
Speaker 3: brought it up multiple times. She's a sole trader and

569
00:26:46,680 --> 00:26:49,479
Speaker 3: is now working full time and only does her business

570
00:26:49,520 --> 00:26:52,760
Speaker 3: part time. Now. I text her regarding this situation almost

571
00:26:52,840 --> 00:26:55,440
Speaker 3: two weeks ago now, and I haven't heard anything from

572
00:26:55,520 --> 00:26:58,000
Speaker 3: her at all. I don't want to ruin our friendship.

573
00:26:58,040 --> 00:27:00,200
Speaker 3: But at the same time, she owes me five and

574
00:27:00,560 --> 00:27:03,320
Speaker 3: I've already lost two years worth of growing my super.

575
00:27:03,880 --> 00:27:05,480
Speaker 3: How would you handle this? Situation.

576
00:27:06,960 --> 00:27:09,919
Speaker 5: Oh, this is really tricky. It's tricky because they are

577
00:27:09,960 --> 00:27:12,679
Speaker 5: still friends. I feel like it'd be less tricky if

578
00:27:12,720 --> 00:27:15,880
Speaker 5: they didn't even have any communication because legally she has

579
00:27:15,960 --> 00:27:19,560
Speaker 5: to write that's the thing, So it's not even five

580
00:27:19,600 --> 00:27:22,400
Speaker 5: thousand dollars that she owes. It's probably like the way

581
00:27:22,440 --> 00:27:23,920
Speaker 5: more now because like the amount of.

582
00:27:23,840 --> 00:27:27,159
Speaker 3: Interest, like if you went the legal route and framed it,

583
00:27:27,240 --> 00:27:29,720
Speaker 3: you'd be also claiming interest that you missed out on.

584
00:27:29,840 --> 00:27:30,439
Speaker 2: Incredible.

585
00:27:30,960 --> 00:27:34,240
Speaker 5: I guess it's really tricky because is someone that you're

586
00:27:34,400 --> 00:27:37,920
Speaker 5: in touch with, So if you do go the legal route,

587
00:27:37,920 --> 00:27:42,480
Speaker 5: it's like you could say goodbye d friendship maybe unless

588
00:27:42,480 --> 00:27:43,440
Speaker 5: they're like really.

589
00:27:43,240 --> 00:27:45,719
Speaker 2: Chilling, like, oh, it's fair enough. I probably deserve that,

590
00:27:45,920 --> 00:27:46,960
Speaker 2: which would be really nice.

591
00:27:47,160 --> 00:27:49,760
Speaker 5: But I think that, you know, usually our answers communication

592
00:27:49,800 --> 00:27:52,480
Speaker 5: is key, but it seems like communication is not working here.

593
00:27:52,560 --> 00:27:55,040
Speaker 5: It seems like you're very comfortable already bringing this up

594
00:27:55,119 --> 00:27:58,919
Speaker 5: and they're just not responding. I would probably say something

595
00:27:58,920 --> 00:28:02,240
Speaker 5: to the effect of, unless you've tried it already, I

596
00:28:02,280 --> 00:28:04,320
Speaker 5: really like you as a person, obviously, I think for

597
00:28:04,400 --> 00:28:09,439
Speaker 5: my own sanity and for your own like the you know,

598
00:28:09,480 --> 00:28:12,440
Speaker 5: if this goes on every single year, they're going to

599
00:28:12,520 --> 00:28:14,360
Speaker 5: be owing more and more. But if they just give

600
00:28:14,400 --> 00:28:17,840
Speaker 5: the money right now, then the interests they're accumulating, that's

601
00:28:17,880 --> 00:28:21,040
Speaker 5: taken care of. But if they pay in ten years,

602
00:28:21,200 --> 00:28:22,840
Speaker 5: they're gonna have to pay the interests as well.

603
00:28:22,880 --> 00:28:24,520
Speaker 2: It's like this debt is getting bigger.

604
00:28:24,800 --> 00:28:27,760
Speaker 5: So just just explain to them that, like, if they

605
00:28:27,760 --> 00:28:31,280
Speaker 5: pay now, it really it's still quite you know, it's

606
00:28:31,280 --> 00:28:34,679
Speaker 5: a lot of money, but unfortunately they literally have to

607
00:28:35,280 --> 00:28:37,240
Speaker 5: I don't know. It really is tricky because you are

608
00:28:37,520 --> 00:28:39,760
Speaker 5: you know, you don't want to ruin this person's life

609
00:28:39,800 --> 00:28:41,360
Speaker 5: and you don't want to make them anxious, but they

610
00:28:41,480 --> 00:28:43,200
Speaker 5: do legally you have to pay that.

611
00:28:43,520 --> 00:28:46,160
Speaker 4: Yeah, I think that, like, given it's been raised a

612
00:28:46,160 --> 00:28:48,520
Speaker 4: couple of times, I know that you're still friends. So

613
00:28:48,640 --> 00:28:51,240
Speaker 4: I would probably just send almost like a final message

614
00:28:51,280 --> 00:28:53,640
Speaker 4: and just say, hey, I've tried reaching out to you

615
00:28:53,720 --> 00:28:56,240
Speaker 4: a few times about this. I'd really hope that we

616
00:28:56,280 --> 00:28:59,040
Speaker 4: could sort it out between us. However, I need to

617
00:28:59,040 --> 00:29:01,840
Speaker 4: put myself and my financial future first, and I know

618
00:29:01,960 --> 00:29:05,600
Speaker 4: that legally I'm entitled to this money. Can you get

619
00:29:05,600 --> 00:29:07,720
Speaker 4: in touch with me to sort it out? If not,

620
00:29:07,920 --> 00:29:11,320
Speaker 4: I will be processing a claim through whatever the government platform.

621
00:29:11,480 --> 00:29:13,360
Speaker 4: Is so giving them a heads up of the action

622
00:29:13,480 --> 00:29:13,880
Speaker 4: I'm going.

623
00:29:13,800 --> 00:29:15,840
Speaker 3: To be forced to do, yes, like you have to.

624
00:29:16,040 --> 00:29:17,400
Speaker 3: I'm so sorry, but I have to do it.

625
00:29:17,520 --> 00:29:19,680
Speaker 4: Yeah, you're not going to blindside them. You're giving them

626
00:29:19,720 --> 00:29:22,600
Speaker 4: the heads up. You're also, I guess, kind of showing

627
00:29:22,600 --> 00:29:24,480
Speaker 4: them that you're really like serious about this.

628
00:29:24,920 --> 00:29:25,840
Speaker 2: I like that approach.

629
00:29:26,000 --> 00:29:28,040
Speaker 4: You shouldn't have to be chasing them really, and I

630
00:29:28,160 --> 00:29:30,440
Speaker 4: understand that your friends, but if they were your friend,

631
00:29:30,800 --> 00:29:33,280
Speaker 4: friends don't do that. Yeah, And I think that it

632
00:29:33,400 --> 00:29:35,920
Speaker 4: was one thing if they were you know, they didn't

633
00:29:35,920 --> 00:29:37,640
Speaker 4: have the money and they were really stressed about that,

634
00:29:37,680 --> 00:29:40,320
Speaker 4: But then they need to be communicating that back and

635
00:29:40,560 --> 00:29:45,160
Speaker 4: ultimately it's actually not your problem. Like that sounds really harsh.

636
00:29:45,200 --> 00:29:48,640
Speaker 2: It's not. But what about putting yourself first is harsh?

637
00:29:48,920 --> 00:29:49,080
Speaker 3: Well?

638
00:29:49,160 --> 00:29:51,680
Speaker 4: Yeah, and they have as an employer, they took on

639
00:29:51,840 --> 00:29:54,760
Speaker 4: responsibilities and part of those responsibilities was ensuring that their

640
00:29:54,760 --> 00:29:57,760
Speaker 4: employees looked after, paid their entitlements, et cetera, et cetera.

641
00:29:58,200 --> 00:30:00,200
Speaker 4: And so I think, yeah, the best thing to do

642
00:30:00,680 --> 00:30:02,520
Speaker 4: send one more message. I know that you just sent one,

643
00:30:02,520 --> 00:30:04,720
Speaker 4: it hasn't been replied to, but just sending a final

644
00:30:04,760 --> 00:30:07,040
Speaker 4: one letting them know what steps you are going to take,

645
00:30:07,120 --> 00:30:08,920
Speaker 4: and then the balls in their court if they continue

646
00:30:08,920 --> 00:30:11,720
Speaker 4: to ignore it, just process the government claim because once

647
00:30:11,760 --> 00:30:14,480
Speaker 4: you process the government claim, it puts into motion like

648
00:30:14,520 --> 00:30:18,320
Speaker 4: an official inquiry type thing, and they will have to

649
00:30:18,400 --> 00:30:18,720
Speaker 4: pay it.

650
00:30:18,920 --> 00:30:19,160
Speaker 2: Yeah.

651
00:30:19,200 --> 00:30:20,760
Speaker 5: Do you know if they can pay in installments, because

652
00:30:20,760 --> 00:30:22,320
Speaker 5: that's an option if you're like, hey, this is easier

653
00:30:22,360 --> 00:30:24,520
Speaker 5: for you if that just do this, that's not your problem. Yes,

654
00:30:24,920 --> 00:30:27,680
Speaker 5: that's something that they can come back and negotiate with you.

655
00:30:27,760 --> 00:30:29,440
Speaker 5: But I don't think you should have to do it.

656
00:30:29,480 --> 00:30:31,800
Speaker 3: And to build on Jesses, which I do think is

657
00:30:31,800 --> 00:30:34,760
Speaker 3: a really good idea, I'd make it as easy as

658
00:30:34,800 --> 00:30:38,880
Speaker 3: possible for them by going to remind you this is

659
00:30:38,920 --> 00:30:41,840
Speaker 3: the account number and my BSB to make the payment,

660
00:30:41,880 --> 00:30:44,000
Speaker 3: and you can do that via be pay and this

661
00:30:44,080 --> 00:30:45,680
Speaker 3: is the reference and the like. I know that that's

662
00:30:45,680 --> 00:30:48,720
Speaker 3: a bit more work for you, but I'm assuming that

663
00:30:48,760 --> 00:30:50,400
Speaker 3: she'll be like, oh, I don't have the information in

664
00:30:50,440 --> 00:30:53,120
Speaker 3: front of it, Like you are removing any excuse for

665
00:30:53,160 --> 00:30:55,640
Speaker 3: that not to be paid. And if she can't make

666
00:30:55,720 --> 00:30:58,600
Speaker 3: the payment then and there that's her opportunity to say, hey,

667
00:30:58,680 --> 00:31:00,440
Speaker 3: I don't actually have the cash. Can I do a

668
00:31:00,480 --> 00:31:03,080
Speaker 3: thousand dollars a month or something, at which point you

669
00:31:03,080 --> 00:31:05,760
Speaker 3: could accept or declinb that get it in writing, getting

670
00:31:05,760 --> 00:31:06,400
Speaker 3: it in writing.

671
00:31:06,600 --> 00:31:08,360
Speaker 2: But I would also I don't know.

672
00:31:08,440 --> 00:31:10,600
Speaker 3: I just don't think friends do that to friends that's

673
00:31:10,600 --> 00:31:13,400
Speaker 3: not a friend, Like a friend doesn't do that to

674
00:31:13,480 --> 00:31:18,160
Speaker 3: somebody and then still happen, Like I cannot imagine oweing

675
00:31:18,240 --> 00:31:22,440
Speaker 3: somebody money in that capacity where they're consistently being like, hey,

676
00:31:22,600 --> 00:31:24,600
Speaker 3: you owe me super, can you please pay it?

677
00:31:24,600 --> 00:31:26,760
Speaker 2: And then just like still texting Jess being like, hey,

678
00:31:26,760 --> 00:31:28,600
Speaker 2: what are you up to on the weekend? Yes, very strange,

679
00:31:28,840 --> 00:31:29,640
Speaker 2: so weird.

680
00:31:30,040 --> 00:31:33,080
Speaker 3: Like that makes me so uncomfortable because I feel like

681
00:31:33,120 --> 00:31:36,840
Speaker 3: it's just me blatantly disrespecting somebody like ill no, And

682
00:31:36,880 --> 00:31:40,040
Speaker 3: also my brain as an ex financial advisor, I just

683
00:31:40,080 --> 00:31:42,840
Speaker 3: went to what does that mean? Like five thousand dollars

684
00:31:42,920 --> 00:31:45,760
Speaker 3: today and your superannuation over the next thirty years at

685
00:31:45,800 --> 00:31:49,040
Speaker 3: an average interest rate return of what nine and a

686
00:31:49,080 --> 00:31:51,320
Speaker 3: half percent? Because that's on average what the sher market

687
00:31:51,320 --> 00:31:52,400
Speaker 3: has returned is close to.

688
00:31:52,360 --> 00:31:55,920
Speaker 2: One hundred thousand dollars. It's a lot of money. One

689
00:31:56,000 --> 00:31:57,440
Speaker 2: hundred thousand dollars.

690
00:31:57,200 --> 00:31:59,520
Speaker 3: Is what future you is going to be missing from

691
00:31:59,520 --> 00:32:01,040
Speaker 3: their retire climate because of this.

692
00:32:01,280 --> 00:32:05,560
Speaker 2: Yeah, that's crazy. Do you feel like really not? Yeah?

693
00:32:05,640 --> 00:32:09,720
Speaker 3: Like no, no, no, thank you no, like no.

694
00:32:09,760 --> 00:32:12,400
Speaker 5: So I guess what we're all thing is do not

695
00:32:12,480 --> 00:32:14,600
Speaker 5: let it go because it will eventually be a lot

696
00:32:14,640 --> 00:32:17,440
Speaker 5: of money. And like five thousand dollars right now, just

697
00:32:17,640 --> 00:32:20,719
Speaker 5: you know, seems like in the grand scheme of things whatever,

698
00:32:20,880 --> 00:32:22,520
Speaker 5: but it does.

699
00:32:22,640 --> 00:32:24,760
Speaker 2: It does matter. From middle things, big things grow.

700
00:32:24,960 --> 00:32:28,000
Speaker 3: Like literally, I just put it into a compound interest

701
00:32:28,040 --> 00:32:30,280
Speaker 3: calculator because I was like, well, was I right with that?

702
00:32:30,560 --> 00:32:31,120
Speaker 2: And it is.

703
00:32:31,200 --> 00:32:33,800
Speaker 3: So your initial deposit of five thousand dollars, this is

704
00:32:33,880 --> 00:32:37,840
Speaker 3: not calculating or including the last two years of missed superannuation.

705
00:32:38,480 --> 00:32:41,680
Speaker 3: Your total interest earned over thirty years at an annual

706
00:32:41,720 --> 00:32:43,719
Speaker 3: rate of return of and I chucked in ten percent

707
00:32:43,800 --> 00:32:46,320
Speaker 3: is ninety four thousand, one hundred and eighty seven dollars.

708
00:32:46,600 --> 00:32:49,240
Speaker 3: So you would have a total contribution including that five

709
00:32:49,280 --> 00:32:52,200
Speaker 3: thousand dollars of ninety nine thousand, one hundred and eighty seven.

710
00:32:52,520 --> 00:32:55,240
Speaker 3: So after ten years, that five thousand dollars would be

711
00:32:55,280 --> 00:32:59,160
Speaker 3: worth thirteen thousand. After twenty years that amount is worth

712
00:32:59,600 --> 00:33:03,960
Speaker 3: thirty six thousand, and then after thirty years that amount

713
00:33:04,000 --> 00:33:08,160
Speaker 3: is worth ninety nine That is crazy. I think what

714
00:33:08,160 --> 00:33:10,160
Speaker 3: you're missing out on, and you know what, I would

715
00:33:10,280 --> 00:33:12,080
Speaker 3: I don't know if this is dramatic or whatever, but

716
00:33:12,240 --> 00:33:15,520
Speaker 3: like I would really drive. Like I think sometimes people

717
00:33:15,560 --> 00:33:17,959
Speaker 3: can tell themselves it's not that bad. I sh'll drop it,

718
00:33:18,000 --> 00:33:18,960
Speaker 3: she'll leave it, she'll leave it.

719
00:33:19,000 --> 00:33:19,400
Speaker 2: But like.

720
00:33:20,800 --> 00:33:24,480
Speaker 3: Sometimes just driving home, Hey, I've actually done the calculations

721
00:33:24,480 --> 00:33:27,000
Speaker 3: of what I'm going to miss in retirement and it's

722
00:33:27,080 --> 00:33:31,000
Speaker 3: actually almost one hundred thousand dollars if this payment isn't made.

723
00:33:31,160 --> 00:33:33,360
Speaker 3: So for future me, I actually have to follow this

724
00:33:33,480 --> 00:33:36,440
Speaker 3: up because like absolutely.

725
00:33:35,920 --> 00:33:38,360
Speaker 5: Not and for future them as well, because from my

726
00:33:38,480 --> 00:33:40,600
Speaker 5: understanding of what you're saying before, I could have this wrong,

727
00:33:40,600 --> 00:33:43,520
Speaker 5: but they need to be the interest that was accumulating

728
00:33:43,640 --> 00:33:46,840
Speaker 5: one hundred percent, so if they paid it right now,

729
00:33:46,960 --> 00:33:48,160
Speaker 5: it'd be five thousand and.

730
00:33:48,120 --> 00:33:52,200
Speaker 3: So it makes me so mad because, like I think,

731
00:33:52,240 --> 00:33:54,400
Speaker 3: also because I have experience in this space, like I'm

732
00:33:54,440 --> 00:33:56,600
Speaker 3: a business owner, I have to pay super It is

733
00:33:56,640 --> 00:33:59,320
Speaker 3: a bloody privilege, Like it's one of the things that yes,

734
00:33:59,720 --> 00:34:02,800
Speaker 3: it is, it's hard managing a business and managing payroll

735
00:34:02,840 --> 00:34:05,920
Speaker 3: and superannuation, but you should not have a business if

736
00:34:05,960 --> 00:34:08,080
Speaker 3: you cannot do that, Why are you taking on an

737
00:34:08,120 --> 00:34:12,200
Speaker 3: employee if you can't afford that, like, stop getting ahead

738
00:34:12,239 --> 00:34:15,200
Speaker 3: of yourself. Like, and I think that's what makes me

739
00:34:16,080 --> 00:34:20,839
Speaker 3: so upset, because you're taking advantage of people for your

740
00:34:20,840 --> 00:34:24,000
Speaker 3: own benefit. Like there's no benefit to your employee in

741
00:34:24,000 --> 00:34:27,080
Speaker 3: this situation, yet you're feigning that you have a friendship

742
00:34:27,080 --> 00:34:27,399
Speaker 3: with them.

743
00:34:27,440 --> 00:34:30,520
Speaker 2: Still you just took advantage of them.

744
00:34:30,600 --> 00:34:34,000
Speaker 3: Absolutely not like you're not Like I can't imagine doing

745
00:34:34,040 --> 00:34:37,920
Speaker 3: that to anybody on my team, Like, oh.

746
00:34:37,760 --> 00:34:39,520
Speaker 2: My god, Like I'd be mortified.

747
00:34:39,560 --> 00:34:41,520
Speaker 3: And there's been times where Jess has been like, hey,

748
00:34:41,719 --> 00:34:43,960
Speaker 3: like my pay was meant to have a reimbursement or

749
00:34:44,000 --> 00:34:46,239
Speaker 3: something in it, and I've missed it. I'm like, oh,

750
00:34:47,160 --> 00:34:51,799
Speaker 3: I find that mortifying. I cannot imagine if I was

751
00:34:52,760 --> 00:34:55,960
Speaker 3: owing her five grand on her super so I would

752
00:34:56,000 --> 00:34:58,600
Speaker 3: be doing exactly Like I think Jess's approach.

753
00:34:58,280 --> 00:34:58,879
Speaker 2: Is a good one.

754
00:35:00,120 --> 00:35:03,759
Speaker 3: Reaching really writing a message, yep, maybe even popping it

755
00:35:03,800 --> 00:35:07,920
Speaker 3: in an email, like hey, writing somewhere. Yeah, in writing absolutely,

756
00:35:07,960 --> 00:35:09,680
Speaker 3: like you can send a text message, you'd be like,

757
00:35:09,680 --> 00:35:11,600
Speaker 3: I've also sent it to your emails to make it

758
00:35:11,640 --> 00:35:14,160
Speaker 3: as easy as possible for you. In reality, I'm just

759
00:35:14,200 --> 00:35:16,960
Speaker 3: getting it written down. A number of different places, and

760
00:35:17,080 --> 00:35:19,520
Speaker 3: just giving them as much information in that one message

761
00:35:19,719 --> 00:35:22,160
Speaker 3: to pay it, why you need it paid, and that

762
00:35:22,200 --> 00:35:27,319
Speaker 3: you will be taking further steps because unfortunately, Yeah, but

763
00:35:27,400 --> 00:35:29,319
Speaker 3: also like you're worth that.

764
00:35:29,719 --> 00:35:31,719
Speaker 2: Yeah, Like you should be following this up.

765
00:35:31,719 --> 00:35:34,040
Speaker 3: And I can almost promise that if this is the

766
00:35:34,040 --> 00:35:36,439
Speaker 3: type of friend that you have today, I can't see

767
00:35:36,440 --> 00:35:38,600
Speaker 3: them being your friend for that much longer if this

768
00:35:38,760 --> 00:35:39,680
Speaker 3: is how they're treating you.

769
00:35:39,880 --> 00:35:41,920
Speaker 2: Yeah, what everybody else says, Oh my goodness.

770
00:35:42,080 --> 00:35:44,040
Speaker 3: Thankfully our community, I feel like we're kind of on

771
00:35:44,080 --> 00:35:46,680
Speaker 3: our same page, Jess. So the first question we ask

772
00:35:46,719 --> 00:35:48,560
Speaker 3: the community is what would you do if you're in

773
00:35:48,560 --> 00:35:51,560
Speaker 3: this situation? And thirty nine percent of you said, I'd

774
00:35:51,640 --> 00:35:54,520
Speaker 3: keep pushing because it's my money, forty six percent of

775
00:35:54,560 --> 00:35:58,760
Speaker 3: you said you'd report them because rules are rules, fourteen

776
00:35:58,800 --> 00:36:01,239
Speaker 3: percent of you said no, this is really messy, and

777
00:36:01,280 --> 00:36:03,080
Speaker 3: two percent of you said I'd let it go because

778
00:36:03,120 --> 00:36:04,080
Speaker 3: I don't like the drama.

779
00:36:04,960 --> 00:36:06,680
Speaker 2: Two percent of you don't let it go.

780
00:36:08,120 --> 00:36:10,000
Speaker 5: I think after hearing those few years that you wrote

781
00:36:10,000 --> 00:36:11,719
Speaker 5: it off before, I think that two percent would probably

782
00:36:11,760 --> 00:36:12,920
Speaker 5: change their minds.

783
00:36:12,600 --> 00:36:15,360
Speaker 3: Exactly because I think a lot of us just go oh,

784
00:36:15,400 --> 00:36:17,239
Speaker 3: and it's not only five grand five grand is a

785
00:36:17,239 --> 00:36:19,120
Speaker 3: lot of money, but also because it feels a little

786
00:36:19,160 --> 00:36:21,440
Speaker 3: bit distant, like it's super like you can't access it

787
00:36:21,480 --> 00:36:25,200
Speaker 3: right now, you're just going to be like, oh maybe,

788
00:36:25,440 --> 00:36:26,560
Speaker 3: oh does it really.

789
00:36:26,440 --> 00:36:29,919
Speaker 2: Yes, it really matters. Definitely go give me a number

790
00:36:30,040 --> 00:36:30,400
Speaker 2: or caller.

791
00:36:30,680 --> 00:36:32,839
Speaker 3: The next question we asked was would you take legal

792
00:36:32,880 --> 00:36:35,160
Speaker 3: action if a friend owed you money from a work situation?

793
00:36:35,719 --> 00:36:37,600
Speaker 3: And I do think this is a little bit different

794
00:36:37,680 --> 00:36:40,360
Speaker 3: than like, you know, you spotting your best mate a

795
00:36:40,360 --> 00:36:42,240
Speaker 3: couple of hundred bucks or even five grand.

796
00:36:42,400 --> 00:36:46,480
Speaker 2: This is business, Yeah, you are business is business. Yeah.

797
00:36:46,680 --> 00:36:49,120
Speaker 3: Sixty percent of you said maybe, depends on the amount,

798
00:36:49,640 --> 00:36:52,400
Speaker 3: thirty eight percent of you said yes, business is business,

799
00:36:52,719 --> 00:36:54,640
Speaker 3: and three percent of you said not worth the fallout,

800
00:36:56,040 --> 00:36:58,279
Speaker 3: three percent of you absolutely not.

801
00:36:59,280 --> 00:37:01,759
Speaker 2: We then of your asked the question what is your

802
00:37:01,800 --> 00:37:02,360
Speaker 2: two cents?

803
00:37:03,440 --> 00:37:06,000
Speaker 3: First person said, talk to her one more time and

804
00:37:06,080 --> 00:37:08,440
Speaker 3: say that you'll be reporting her if she doesn't come through.

805
00:37:08,920 --> 00:37:12,320
Speaker 2: Jesse, are you sure your name's not this name? It's

806
00:37:12,320 --> 00:37:14,320
Speaker 2: me on my ten secret account.

807
00:37:14,640 --> 00:37:16,920
Speaker 3: Someone else said, this happened to my husband and we

808
00:37:16,960 --> 00:37:19,960
Speaker 3: went straight to fair work before they ended up taking action.

809
00:37:20,719 --> 00:37:23,120
Speaker 3: Another person said they ruined the friendship when they didn't

810
00:37:23,120 --> 00:37:26,040
Speaker 3: pay your super. I agree, it shows a level of

811
00:37:26,040 --> 00:37:29,719
Speaker 3: disrespect shouldn't exist in a friendship. Another person said she

812
00:37:29,760 --> 00:37:32,040
Speaker 3: has an obligation as a business owner and she actually

813
00:37:32,080 --> 00:37:33,359
Speaker 3: needs to be held accountable.

814
00:37:34,160 --> 00:37:34,839
Speaker 2: There's a two parter.

815
00:37:34,960 --> 00:37:37,759
Speaker 3: First part says, happened to my brother working for a

816
00:37:37,800 --> 00:37:40,799
Speaker 3: family friend. It actually ruined the family friendship and he

817
00:37:40,920 --> 00:37:43,040
Speaker 3: only got a small amount of what he was owed.

818
00:37:43,560 --> 00:37:46,520
Speaker 3: Friends don't do that to friends. It's definitely worth fighting for.

819
00:37:46,680 --> 00:37:47,560
Speaker 2: Yeah.

820
00:37:47,640 --> 00:37:50,600
Speaker 3: Another person said, your friend not only owes you five grand,

821
00:37:50,600 --> 00:37:51,279
Speaker 3: but also.

822
00:37:51,000 --> 00:37:52,960
Speaker 2: The growth of the income that you missed out on.

823
00:37:53,320 --> 00:37:55,319
Speaker 2: The community could just run this entire show.

824
00:37:57,400 --> 00:38:00,279
Speaker 3: And then this person also messaged in all So, the

825
00:38:00,320 --> 00:38:03,279
Speaker 3: ATO has an online tool for reporting employers who haven't

826
00:38:03,320 --> 00:38:07,040
Speaker 3: paid employees super and it calculates the interest.

827
00:38:07,520 --> 00:38:09,160
Speaker 2: Does it all for you? Does it all for you?

828
00:38:09,400 --> 00:38:10,720
Speaker 5: I was gonna say you could do it an honestly,

829
00:38:10,760 --> 00:38:12,280
Speaker 5: but you probably literally cannot.

830
00:38:12,719 --> 00:38:13,920
Speaker 2: Well you probably.

831
00:38:13,520 --> 00:38:16,520
Speaker 3: Can't, But also I don't think you need to do

832
00:38:16,560 --> 00:38:19,200
Speaker 3: this anonymously. Like, at the end of the day, you're

833
00:38:19,239 --> 00:38:21,319
Speaker 3: not in the wrong, and you might feel like you are.

834
00:38:21,360 --> 00:38:22,719
Speaker 2: It's like, no one wants.

835
00:38:22,520 --> 00:38:24,160
Speaker 3: To be a burden. And I think as women, we

836
00:38:24,280 --> 00:38:26,360
Speaker 3: just hate the idea of being like, oh, I'm really sorry,

837
00:38:26,360 --> 00:38:28,680
Speaker 3: I'm putting you out, and your friend might have every

838
00:38:28,920 --> 00:38:30,960
Speaker 3: excuse under the sun, like oh, well, you know, and

839
00:38:31,000 --> 00:38:33,920
Speaker 3: I'm just extrapolating this out, but we heard from the

840
00:38:34,000 --> 00:38:36,239
Speaker 3: DM she's just gone back to full time work, so

841
00:38:36,280 --> 00:38:38,160
Speaker 3: she could be like, oh, I had to go back

842
00:38:38,200 --> 00:38:40,120
Speaker 3: to full time work because I couldn't afford to run

843
00:38:40,160 --> 00:38:42,279
Speaker 3: my business full time and I just don't.

844
00:38:42,040 --> 00:38:43,959
Speaker 2: Have the cat. Actually don't care.

845
00:38:44,680 --> 00:38:47,719
Speaker 3: Work out a playment plan with the ATO, workout it,

846
00:38:47,880 --> 00:38:50,080
Speaker 3: Like you shouldn't have been putting yourself in this situation.

847
00:38:50,400 --> 00:38:51,960
Speaker 2: I think this is very different.

848
00:38:52,040 --> 00:38:54,960
Speaker 3: Like I'm being quite harsh in this situation because business

849
00:38:55,000 --> 00:38:57,400
Speaker 3: is a choice. This isn't I got into debt and

850
00:38:57,400 --> 00:38:59,160
Speaker 3: I can't afford to repay it or I owe my

851
00:38:59,200 --> 00:39:02,319
Speaker 3: friend money for a like, that's a different story. The

852
00:39:02,400 --> 00:39:05,880
Speaker 3: fact that you knowingly went into business, had an employment

853
00:39:06,000 --> 00:39:10,040
Speaker 3: contract with somebody, and have blatantly disregarded that, I think

854
00:39:10,120 --> 00:39:14,200
Speaker 3: is disgusting. So let's say it there, because I am

855
00:39:14,280 --> 00:39:15,160
Speaker 3: about to ask.

856
00:39:15,000 --> 00:39:15,919
Speaker 2: For this woman's name.

857
00:39:17,640 --> 00:39:19,919
Speaker 3: Yeah, I've got to make good TikTok content, wouldn't it

858
00:39:20,080 --> 00:39:20,480
Speaker 3: all right?

859
00:39:20,560 --> 00:39:21,120
Speaker 2: Let's go?

860
00:39:21,280 --> 00:39:23,399
Speaker 3: Because I feel like I have taken up a lot

861
00:39:23,440 --> 00:39:25,759
Speaker 3: of your time. I have loved this episode.

862
00:39:26,040 --> 00:39:28,960
Speaker 2: Guys. We'll see you next week and brighton early on

863
00:39:28,960 --> 00:39:37,719
Speaker 2: Monday for money Darry My guys sign buy shared on.

864
00:39:37,880 --> 00:39:40,279
Speaker 3: She's on the Money is general in nature and does

865
00:39:40,360 --> 00:39:44,360
Speaker 3: not consider your individual circumstances. She's on the Money exists

866
00:39:44,480 --> 00:39:47,680
Speaker 3: purely for educational purposes and should not be relied upon

867
00:39:47,719 --> 00:39:49,880
Speaker 3: to make an investment or financial decision.

868
00:39:50,280 --> 00:39:52,880
Speaker 2: If you do choose to buy a financial product.

869
00:39:52,560 --> 00:39:56,000
Speaker 3: Read the PDS TMD and obtain appropriate financial.

870
00:39:55,680 --> 00:39:57,480
Speaker 2: Advice tailored towards your needs.

871
00:39:57,840 --> 00:40:01,800
Speaker 3: Victoria Divine and She's on the Money are authorized representatives

872
00:40:01,800 --> 00:40:04,200
Speaker 3: of money. Sheirper P T Y L t D A

873
00:40:04,320 --> 00:40:07,240
Speaker 3: b N three two one six four nine two seven

874
00:40:07,320 --> 00:40:10,160
Speaker 3: seven zero eight a F s L four five one

875
00:40:10,360 --> 00:40:11,840
Speaker 3: two eight nine