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

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Speaker 1: Order Kerni Whoalbury and a Wadery woman. And before we

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

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

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

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

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

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

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Speaker 1: 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.

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Speaker 4: Hello, and welcome to She's on the Money, the podcast

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Speaker 4: that makes personal finance fun.

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Speaker 5: Especially on Fridays.

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Speaker 4: It's our favorite day of the week because we get

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Speaker 4: the team together today to celebrate you, our incredible She's

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Speaker 4: on the Money community today, mister, she is going to

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Speaker 4: be taking us through her favorite money wins from the community.

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Speaker 5: Beck has a few broke tips for us.

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Speaker 4: So believe you might have borrowed or as justin I say,

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Speaker 4: liberated one from someone else. We're going to be helping

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Speaker 4: to answer a juicy money dilemma which This week is

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Speaker 4: all about taxes and investing, and we're also going to

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Speaker 4: unpack something you slid into our dams about. This week,

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Speaker 4: we're chatting about navigating in laws that are overstepping.

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Speaker 5: When it comes to presents for your kids. I don't

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Speaker 5: know how I feel about that one.

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Speaker 2: I'm excited. I don't know if I am hard always

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Speaker 2: what did you say?

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Speaker 6: Just in law stuff? Anything you ever hear, it's always

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Speaker 6: in laws.

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Speaker 5: See.

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Speaker 4: I always feel like all of the Reddit threads are like,

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Speaker 4: oh my mother in law x Y said. I feel

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Speaker 4: like I did one thing good and one thing bad

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Speaker 4: when I got married. I married into a family that had.

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Speaker 5: A brilliant mother in law. But I also married into

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Speaker 5: a family that runs.

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Speaker 2: Yeah, well you can't like it. You can't have it all.

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Speaker 5: Yeah, yeah, you can't have it all.

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Speaker 4: But like, what do you mean you're still doing marathons ondays?

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Speaker 4: They go for mornings. Yeah, I just meet them at

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Speaker 4: the cafe.

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Speaker 5: Yes. Yeah. And now we have a baby, you guys

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Speaker 5: go on and run. I'll look after the babies at home.

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Speaker 2: Is that why you have the baby. I would have

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Speaker 2: a baby just so I could be like, I can't run.

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Speaker 2: You guys say.

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Speaker 4: Week and I was pregnant, like there was just yeah

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Speaker 4: exactly or anyway, how have your weeks been, miss Beck

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Speaker 4: say ed, what have you been up to?

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Speaker 2: It's been a really nice week. My family came to

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Speaker 2: Melbourne for like the well my mom came once, but

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Speaker 2: my younger brothers hadn't like come to visits o c.

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Speaker 2: Seven years ago. It was really really nice. They met

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Speaker 2: all my friends and like, it's so weeks. I have

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Speaker 2: the whole world here, a whole like family here and

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Speaker 2: obviously my family in Sydney as well, but the two

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Speaker 2: haven't really integrated. Yeah, like not meshs in they haven't

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Speaker 2: got they literally haven't. And so it was really nice

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Speaker 2: for my two worlds to come together and be like, oh,

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Speaker 2: there's this, like there's a.

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Speaker 5: Whole shit isn't making up having your girlfriend?

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Speaker 2: Everyone's real, everyone exists and everyone gets along so well.

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Speaker 2: And it was just like it was a perfect weekend.

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Speaker 2: It was really really nice.

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Speaker 5: Love that. Yeah.

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Speaker 2: Other than that, nothing really Heckedy, it's been going on,

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Speaker 2: just good living life, live love, laugh, live love laugh.

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Speaker 6: What about you, Jess, I I mean a fight with

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Speaker 6: my property managers? Juicy juicy, Yes again, I fear I

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Speaker 6: am being petty. I don't I know I'm being petty.

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Speaker 4: Okay, okay, okay, is this like one of those I am?

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Speaker 4: I the ass whole moment?

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Speaker 5: All right? Tell us the story.

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Speaker 6: So our rent, I think our least or like our

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Speaker 6: month starts on like the fifteenth or something. But in

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Speaker 6: our lease it says your rent will be ebbitted on

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Speaker 6: the twelfth, which is totally fine. We find the least.

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Speaker 6: We knew that we agreed to that.

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Speaker 5: That's really annoying because you get paid on the fifteenth.

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Speaker 6: It's fine. I have it all set up so it

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Speaker 6: like cash.

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Speaker 5: I was like, yeah, but that would be so frustrated.

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Speaker 6: A little irritating, but it's fine. We work around it.

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Speaker 6: We knew that when we signed it. So this month

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Speaker 6: they took our money out on the tenth or they

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Speaker 6: attempt it's an autod debit. They attempted to auto debbit

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Speaker 6: and it bounced because the money wasn't in there because,

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Speaker 6: as I said, auto transfers.

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Speaker 1: Yes.

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Speaker 6: Now, when we signed our least, a little bit of context,

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Speaker 6: it said that all of the payment methods incurred a fee.

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Speaker 6: And I said to them, because I used to work

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Speaker 6: in property, I was like, you actually in Victoria are

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Speaker 6: legally required to provide me at least one payment method

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Speaker 6: option that does not incur a fee, like that's the loss.

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Speaker 6: And they were like, oh, yes, okay.

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Speaker 5: I would not want to mess with Jess.

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Speaker 6: I read the t's and c's people anyway, so they

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Speaker 6: at the time they're like, okay, you can direct debit it.

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Speaker 6: That is the method that doesn't incur the feet. So

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Speaker 6: when this auto transfer didn't go through on the tenth,

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Speaker 6: I got a text from our property manager saying, hey, like,

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Speaker 6: you need to manually process it because the direct debit

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Speaker 6: didn't work. There's gonna be like a ninety cent fee

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Speaker 6: for it. And I said, why am I paying a

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Speaker 6: ninety cent fee and she said, well, it's only you know,

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Speaker 6: the method that you're using to pay in cursor fee

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Speaker 6: to release the money. And I said, okay, but I

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Speaker 6: like the money didn't come out because you tried to

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Speaker 6: take it out early, Like if you've taken it out

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Speaker 6: on the day that we legally agree to in this

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Speaker 6: binding document, the money was available. And she basically tried

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Speaker 6: to say, oh no, well, the you know that, it's

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Speaker 6: just the system, Like, so the system's work, you have

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Speaker 6: to do. It's the only thing is available.

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Speaker 5: That's really weird. But you're in breach of your contract. Correct.

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Speaker 6: So I paid her like straight away. I transferred the

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Speaker 6: money minus the ninety cent fee, and so and so

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Speaker 6: I got a text last night from my proberty manager saying, hey,

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Speaker 6: like you're we need ninety cents to release it to

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Speaker 6: the like owners. And I said, that's a business expense.

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Speaker 6: I'm not paying the ninety cent fee. And they said, well,

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Speaker 6: you should have the money available in your account four

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Speaker 6: days before the money is due.

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Speaker 2: To literally we're alle her.

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Speaker 6: And my exact words were, can you please show me

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Speaker 6: where in my lease it says the money will be

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Speaker 6: debitted on the tenth of the month. And I got

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Speaker 6: no response, and.

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Speaker 5: I forgot no respond thing since.

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Speaker 6: And I feel I know that I'm kind of being

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Speaker 6: as because can I pay the ninety cents obviously, but

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Speaker 6: the principle of the matter, I get that don't want

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Speaker 6: to pay it because I'm not in the wrong.

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Speaker 5: I was like, ould check pay the ninety cents.

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Speaker 6: I feel like, I'm sure there's property managers listening to

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Speaker 6: this right now, being like you are why I hate

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Speaker 6: my job, but we are good tenants, like we've never

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Speaker 6: ever missed our brant. It's always come out on time.

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Speaker 6: We look after the house like.

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Speaker 4: I've got no doubt, and like it's so frustrating because

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Speaker 4: like that property manager is probably going to be like,

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Speaker 4: screw it, I'll just pay the ninety cents to her

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Speaker 4: out of my own pocket because it's the system, not them.

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Speaker 4: But at the same time, but at the same time,

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Speaker 4: it's not your problem. And as the property manager, they

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Speaker 4: should be making sure that the systems work for both

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Speaker 4: the landlords.

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Speaker 5: And the tenants.

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Speaker 4: Because if I owned an investment property and I found

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Speaker 4: out that the people I was paying to manage my

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Speaker 4: property were trying to take money off my tenants early,

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Speaker 4: I'd be.

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Speaker 5: Pretty pissed off totally. I'd be like, I'm sorry, that's.

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Speaker 4: Not how we do business here. That's not how that works.

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Speaker 4: Like you might also like, let's dive a little bit

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Speaker 4: deeper into this, because I am, if not anything crazy.

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Speaker 4: What if you had that money invested, that's two days

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Speaker 4: of interest that you're missing out on because they tried

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Speaker 4: to take your money early.

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Speaker 6: Well, that's why I have it like it moves over

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Speaker 6: a day before, so it's like no matter what time

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Speaker 6: they try to take it out on the twelfth. It's

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Speaker 6: always we move it over on the eleventh. But I

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Speaker 6: wanted to sitting in my account as long as possible.

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Speaker 6: So I'm like, well, that's interest that I'm that's literally

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Speaker 6: why I do it that.

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Speaker 4: Yeah, okay, so it's literally that Isn't that insane to

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Speaker 4: think that? I don't know, I just feel like that's

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Speaker 4: so sneaky of them to take it early.

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Speaker 2: It's such just do that was like it was a Friday.

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Speaker 5: Well, I don't know.

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Speaker 6: They like, if it's an automatic system, it should just

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Speaker 6: auto debit on whatever debt during any I don't know.

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Speaker 6: Part of me is like, just suck it up and

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Speaker 6: it's fine, But then part of me is like, no,

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Speaker 6: stick it to the man.

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Speaker 2: Yeah, no, I agree with You're in the right.

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Speaker 6: And this is how like people get taken advantage of

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Speaker 6: exactly the little things go and then all of a sudden,

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Speaker 6: your rent's being jacked up six hundred percent I don't know.

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Speaker 2: Exactly, and before you know it, they'll be like, oh,

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Speaker 2: you just have to pay a small fee of like

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Speaker 2: fourteen dollars, and then it's like you just you know,

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Speaker 2: you just want to you want to stop it right there.

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Speaker 2: And be like, hey, I know the rules and I

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Speaker 2: know that this is not allowed. So whether it's ninety

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Speaker 2: cents or ninety dollars, you do.

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Speaker 4: I feel like this is e learning though for everybody

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Speaker 4: in the community. One, you legally are entitled to a

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Speaker 4: payment method that doesn't incur fee in that'srea of the state,

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Speaker 4: but like worth looking into for other states really, because

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Speaker 4: those little things do add up. Also direct debit. I

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Speaker 4: love a direct abbit. I love not thinking about it.

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Speaker 4: My phone villain stuff is on direct ebbit and I

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Speaker 4: always get a text saying, oh, on this date, we're

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Speaker 4: going to be taking it out of your thing, and

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Speaker 4: I'm like, great, I'm an adhd girly. If you send

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Speaker 4: me an invoice and say hey, v this is oh wing,

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Speaker 4: I'll be like fantastic, of course I'll pay you. And

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Speaker 4: then I shut my phone and I've forgotten that I

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Speaker 4: had to do anything, and I'm like, do you want

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Speaker 4: to go to maccuz Like I am a goldfish. So

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Speaker 4: the idea that you can direct debit things and set

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Speaker 4: things up is perfect, but now they're just causing you

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Speaker 4: even more.

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Speaker 5: Admin Jess so.

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Speaker 2: Am I the asshole.

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Speaker 6: It's probably probably managing like yes you are. I'm sorry.

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Speaker 5: It's just I'm making your job hard.

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Speaker 4: But I'm also just asking to be treated with respect

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Speaker 4: and taking my money early is not respectful.

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Speaker 2: Four days arbitrary, like you had to have the money

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Speaker 2: in there four days before processing? Where did that come

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Speaker 2: from all of a sudden?

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Speaker 6: And that's what I four days. Yeah, that's what they

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Speaker 6: tried to say to me.

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Speaker 4: They were like, what if I don't have the money

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Speaker 4: four days book exactly, just tell her you get paid

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Speaker 4: on the eleventh, be like sorry, And if they ask

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Speaker 4: for an employment contract, call me and it'd be like,

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Speaker 4: I will make an employment contract to make point, be like,

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Speaker 4: just didn't have the money because she doesn't get paid

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Speaker 4: till the day before. And that's why I feel so

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Speaker 4: comfortable with the twelve being her payment date.

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Speaker 6: I was thinking about this and I was like, what's

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Speaker 6: the outcome here? Like either ibend or dybend. And my

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Speaker 6: partner was like, what happens?

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Speaker 4: What does your partner say? Because I feel like he's

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Speaker 4: a little bit more passive like you are. You are

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Speaker 4: a lot like no, I'm going to stick it to

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Speaker 4: the man, and your partner is gonna be like, es

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Speaker 4: pay the ninety cents.

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Speaker 6: I stormed into his study through the door open last

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Speaker 6: night when I was texting him and I was like,

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Speaker 6: I'm not paying.

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Speaker 5: And you were like paying, what give me some content?

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Speaker 6: Like I've no idea what you're talking about. And he's like, okay,

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Speaker 6: that's cool, and he said what, like what happens, Like

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Speaker 6: if you don't pay and they go you have to

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Speaker 6: pay and you don't like what happens? And I was like, well, theoretically,

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Speaker 6: worst case scenario, it goes into a reason, it goes

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Speaker 6: to VCA. And he's like, would you go to VCA

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Speaker 6: over ninety cents? And I was like, I reckon. I would, Yes,

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Speaker 6: I reckon the people.

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Speaker 4: You know what this is telling me about me? Yes,

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Speaker 4: this is telling me she doesn't have enough work.

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Speaker 2: You're yeah, you have done nothing wrong. Technically, would all

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Speaker 2: be on your side? They would be on your side.

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Speaker 5: I will pay your ninety cents?

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Speaker 6: Is giving ninety suing the dude for a dollar?

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Speaker 5: Yeah, that was pretty iconic, though.

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Speaker 2: I don't know what happened there, but I don't know

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Speaker 2: if that's on.

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Speaker 5: The same page anyway, moving on, it's just agreed.

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Speaker 4: You've been in the Facebook group this week, so I

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Speaker 4: have been replying to a few of the money wins

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Speaker 4: because I've been like, hey, that slip. What have you

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Speaker 4: pulled out of the group to share with the community

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Speaker 4: this week?

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Speaker 6: All right, starting off with a little bit of a

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Speaker 6: self serving one, but it just brought me a lot

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Speaker 6: of joy from Maddie, who said, after months of binging

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Speaker 6: the podcast, she's officially listened to every single episode.

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Speaker 4: Wow, we have one hundreds, we have more than six

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Speaker 4: hundred episodes.

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Speaker 6: Yes, wow, that's impressive, simply a matter of months. Well done, Maddie.

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Speaker 6: It is really exciting to me that, like we can

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Speaker 6: obviously see on the back end people listening, like what

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Speaker 6: episodes people listen to? Yeah, yeah, crazy that people still

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Speaker 6: listen to episode number one, and like quite a lot

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Speaker 6: of people.

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Speaker 4: Really embarrassing too, So yeah, maybe don't do that. But

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Speaker 4: if you've done that, thank you. I really appreciate it.

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Speaker 4: But oh I can't do it.

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Speaker 5: I don't know if you.

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Speaker 4: Know about this editing process, but I don't listen to

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Speaker 4: any of our podcasts back. That's why I'm so grateful

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Speaker 4: to have our producer, Emma, and we've got an audio engineer.

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Speaker 4: They do all of it. Because if you ask me

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Speaker 4: to listen to my own voice. I basically just.

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Speaker 5: I throw it. I can't, I can't do it.

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Speaker 4: It gives me the heavy GBA, which is hilarious because

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Speaker 4: my entire career is currently.

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Speaker 5: Built on my voice. But I won't have a bar

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Speaker 5: of it. I'm like ew David.

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Speaker 6: Ooh, well done, Maddie and anyone else who's listening. Can't

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Speaker 6: wait for you to catch up here. Next, I've got

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Speaker 6: a money in from Candace who said she went to

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Speaker 6: Savers and got her toddler an entire twenty five piece

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Speaker 6: summer wardrobe, squirts, t shirts, shorts, skirts, cardies, the whole shebang.

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Speaker 6: Some of it was brand new with tags and it

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Speaker 6: was under seventy dollars for the lot.

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Speaker 2: Wow.

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Speaker 6: I just wanted to say, there's heaps of kids stuff

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Speaker 6: at the up shop, Like I have a friend who

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Speaker 6: also loves to thrift and sometimes if I find something

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Speaker 6: really cute for her kids, off to buy it, like

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Speaker 6: you wash it. I don't think that's weird.

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Speaker 4: I bought literally my mum and I were walking down

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Speaker 4: the main street on the weekend and we walked past

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Speaker 4: the oup shop and we can't not go in an

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Speaker 4: up shop like I always have to look, and I

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Speaker 4: bought a new bonds onesie, like it's just bonds, but

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Speaker 4: I had a brand new tag on it and it

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Speaker 4: was three dollarsgain exactly and it was real cute. And

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Speaker 4: I was like, that's Harve size and you always need

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Speaker 4: more onesies.

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Speaker 6: So money win, well done. Next, I've got a money

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Speaker 6: win from at Tinneil, who said she finally took the

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Speaker 6: leap to invest the ten dollars that she had gotten

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Speaker 6: from Cheers EA's when she signed up with the SotM code.

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Speaker 6: She looked at it the other day and it's gone

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Speaker 6: up by five cents.

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Speaker 4: Your money that you didn't make making money for you

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Speaker 4: and you're going to get.

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Speaker 5: Rich, small fish.

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Speaker 6: But I didn't spend a cent and I already have

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Speaker 6: a return.

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Speaker 5: Have you invested anymore?

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Speaker 2: How's that going extra?

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Speaker 4: You don't have to put extra in? Have you been

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Speaker 4: like shuffling things around? I know that you hadn't invested

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Speaker 4: the full amount yet.

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Speaker 2: I am, well, actually currently it's all in one. I

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Speaker 2: believe it's an e F T the ETF. Thank you. Yes,

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Speaker 2: it's an inn in the ETF.

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Speaker 6: This.

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Speaker 2: I love this ffos, isn't it? Yeah? Meaning I spent

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Speaker 2: it we're getting there.

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Speaker 6: And next I've got a money in from Renee, who

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Speaker 6: said she's another person slowly making away through the podcast

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Speaker 6: from the beginning, but she listened to a specific episode.

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Speaker 6: It was the money Diary called is It Worth It?

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Speaker 6: Let Me Work It from twenty twenty, and that Diaris

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Speaker 6: mentioned that whenever she decides not to make an impulsive purchase,

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Speaker 6: she transfers the amount of money that she would have

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Speaker 6: spent straight into her savings. So Renee listened to the

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Speaker 6: episode started to implement that, and she said she's saved

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Speaker 6: an extra one hundred and forty bucks in a week.

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Speaker 2: Howry is that crazy?

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Speaker 4: I also really love that people are one listening to

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Speaker 4: our old episodes. But there's always like really tiny tips

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Speaker 4: and tricks throughout all of our episodes that might resonate

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Speaker 4: with you or might not Like that might not have

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Speaker 4: worked for somebody else, but she's like, oh my gosh,

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Speaker 4: this really works for me. I love that you're picking

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Speaker 4: up so many things from old content. Also, can we

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Speaker 4: just like appreciate how good I used to be at

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Speaker 4: NAM Yeah?

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Speaker 5: I used to try so hard.

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Speaker 6: Yeah, And I'm sure that director is really excited to

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Speaker 6: know that her little tip helped someone else too. And

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Speaker 6: then lastly this week, I have money in from Madeleine

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Speaker 6: who said she sold some stuff on Facebook marketplace over

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Speaker 6: the weekend. She made an extra seven hundred dollars, putting

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Speaker 6: it towards her daughter's Christmas present.

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Speaker 5: Seven hundred bucks.

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Speaker 6: Said it last week or the week before, I don't remember.

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Speaker 6: It's spring cleaning season. People sell it, sell it when

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Speaker 6: you clean it out because you'd be amazed at what

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Speaker 6: people will buy.

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Speaker 4: So I did this last season, and I mean, let's

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Speaker 4: be honest, I was also pregnant, so I didn't fit

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Speaker 4: in a lot of my outfits, so it felt productive

368
00:15:38,400 --> 00:15:40,760
Speaker 4: during that period of time. But I turned all of

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Speaker 4: my coat hangers around the opposite way in my wardrobe

370
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Speaker 4: so that I could start tracking what I was actually

371
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Speaker 4: reaching for and what I hadn't touched. And that was

372
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Speaker 4: like a year ago. And I just went through my

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Speaker 4: wardrobe over the weekend and pulled out so many things

374
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Speaker 4: that I thought were cute that I actually don't wear

375
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Speaker 4: because it's been more than twelve months since I've even

376
00:16:00,680 --> 00:16:02,760
Speaker 4: reached for them, because the code hang is still around

377
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Speaker 4: the wrong way.

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Speaker 5: So that's a tip that you could definitely implement.

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Speaker 4: If you're someone like me who I struggled to separate

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Speaker 4: from items. Sometimes I'm like, oh, but I might wear it, Victoria,

381
00:16:12,120 --> 00:16:14,000
Speaker 4: it's been in your wardrobe for two years, untouched, Like,

382
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Speaker 4: you don't need that.

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Speaker 6: Once you sell a few things, it's like a high

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Speaker 6: You're like, what else can?

385
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Speaker 1: You? Are?

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Speaker 4: A deep pop queen though, like and you also like

387
00:16:22,120 --> 00:16:23,720
Speaker 4: style your items to a tea.

388
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Speaker 5: It was so funny.

389
00:16:25,040 --> 00:16:28,360
Speaker 4: Actually, I was looking up Scanlan Theodore on Deep Hop

390
00:16:28,400 --> 00:16:31,560
Speaker 4: because those dresses are my favorite, but they are so expensive,

391
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Speaker 4: and I was like, that.

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Speaker 5: Looks familiar and it was I was like, not what

393
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Speaker 5: I'm looking for, but pop off. Just I clicked it

394
00:16:43,040 --> 00:16:44,560
Speaker 5: and I was like, oh, that looks really cute. That

395
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Speaker 5: looks like Jess. It's Jess.

396
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Speaker 6: That is hilarious.

397
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Speaker 2: I know exactly.

398
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Speaker 6: The rest hasn't sold yet. Once it's going cheap money,

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Speaker 6: amaze it. That's all the money winds I've got this week.

400
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Speaker 2: I love it, great, great, great winds.

401
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Speaker 5: Alright, what broke tips have you got to bring to

402
00:16:59,720 --> 00:17:00,000
Speaker 5: the tape?

403
00:17:00,400 --> 00:17:02,960
Speaker 2: Okay, so did you say the word lubrated before?

404
00:17:03,000 --> 00:17:03,680
Speaker 5: Did I get that right?

405
00:17:03,800 --> 00:17:03,920
Speaker 6: No?

406
00:17:04,080 --> 00:17:05,080
Speaker 5: That lubrated?

407
00:17:05,440 --> 00:17:07,919
Speaker 2: I liberated, liberated, liberated.

408
00:17:08,000 --> 00:17:10,000
Speaker 5: Sorry, uberrated, liberated.

409
00:17:09,600 --> 00:17:10,520
Speaker 6: Might be something else.

410
00:17:10,840 --> 00:17:13,240
Speaker 5: I feel like that's something very different. Liberated.

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Speaker 2: Well, I was gonna say, great that you've mentioned lubrated,

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Speaker 2: because this is my tip for the week, but I

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Speaker 2: will actually cut that one out. So anyway, let's go

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Speaker 2: straight into the two from the community. The first one

415
00:17:26,119 --> 00:17:27,840
Speaker 2: comes from of our listeners who sent me a photo

416
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Speaker 2: of an advert from her library. So it's called library Things.

417
00:17:32,840 --> 00:17:35,439
Speaker 2: I think this is Queensland, this is Townsville. But I'm

418
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Speaker 2: sure how did you say Queensland Queensland?

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Speaker 6: She said Queensland, Queensland.

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Speaker 5: Maybe they say lubrated in queens.

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Speaker 2: That's where we got it from. Yes, so Queensland, in

422
00:17:52,280 --> 00:17:54,840
Speaker 2: Townsville in particular, but I'm sure there are other places

423
00:17:54,880 --> 00:17:58,280
Speaker 2: around Australia. So this place you can, you know, obviously,

424
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Speaker 2: not only borrow books. You can get board games, science equipment,

425
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Speaker 2: musical instruments, sewing equipment, which I.

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Speaker 5: Think board games.

427
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Speaker 4: That's it.

428
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Speaker 2: It's so cool, Like we have mentioned things like sewing

429
00:18:07,720 --> 00:18:10,439
Speaker 2: equipment and stuff like that before, but like science equipment.

430
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Speaker 2: I didn't know there was a thing in board games.

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Speaker 5: I think it's incredible. Like if you have questions, what

432
00:18:13,800 --> 00:18:15,720
Speaker 5: are you doing with science equipment at home, Like.

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Speaker 2: Why do you think borrow mainly for you know, because

434
00:18:18,600 --> 00:18:22,359
Speaker 2: right now it's it's holidays, school holidays everywhere? Or is

435
00:18:22,359 --> 00:18:23,200
Speaker 2: it just in Victoria.

436
00:18:23,440 --> 00:18:25,119
Speaker 5: I wouldn't even know where to start.

437
00:18:25,240 --> 00:18:28,359
Speaker 4: The only science thing that I know of is mixing

438
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Speaker 4: by cub with vinegar and creating a volcano.

439
00:18:31,480 --> 00:18:38,480
Speaker 2: I mean, is timeless in school? Maybe like the stars

440
00:18:38,680 --> 00:18:43,120
Speaker 2: or something. There was a form today a telescope, yes, exactly,

441
00:18:43,200 --> 00:18:45,000
Speaker 2: I could. And the other reason because there's a kid

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Speaker 2: in this photo with a telescope.

443
00:18:46,440 --> 00:18:47,120
Speaker 5: That's perfect.

444
00:18:47,200 --> 00:18:48,960
Speaker 2: Board games if you just want to entertain your kids,

445
00:18:49,640 --> 00:18:52,959
Speaker 2: love a board game, love for board game. Oh my goodness,

446
00:18:52,960 --> 00:18:55,960
Speaker 2: don't get me start on the board games. Okay, I

447
00:18:56,040 --> 00:18:56,560
Speaker 2: love Katan.

448
00:18:56,640 --> 00:19:00,680
Speaker 4: We have mentioned this, but we're having a night soon,

449
00:19:00,720 --> 00:19:02,560
Speaker 4: so you'll have to Yeah, yeah.

450
00:19:02,400 --> 00:19:05,080
Speaker 2: Yeah, goodness. I'm really, really, genuinely really excited for that.

451
00:19:05,200 --> 00:19:06,520
Speaker 5: Okay, all right, it's on.

452
00:19:06,600 --> 00:19:07,320
Speaker 1: It's on. Yes.

453
00:19:08,160 --> 00:19:11,480
Speaker 2: The sex one comes from Michelle, who suggests waiting till

454
00:19:11,640 --> 00:19:15,199
Speaker 2: February to buy your yearly diary or calendar because they

455
00:19:15,280 --> 00:19:16,160
Speaker 2: have to die socally.

456
00:19:16,400 --> 00:19:16,600
Speaker 7: Yeah.

457
00:19:16,640 --> 00:19:19,719
Speaker 2: I think it's great because January and if you want

458
00:19:19,760 --> 00:19:21,520
Speaker 2: to even just write it on like a notepad and

459
00:19:21,560 --> 00:19:24,600
Speaker 2: wait until you get your diary or calendar and then

460
00:19:25,440 --> 00:19:26,120
Speaker 2: enter all the things.

461
00:19:26,320 --> 00:19:26,639
Speaker 6: I don't know.

462
00:19:26,680 --> 00:19:26,960
Speaker 7: I don't know.

463
00:19:27,000 --> 00:19:28,639
Speaker 2: I don't really use diaries calendar.

464
00:19:28,359 --> 00:19:30,600
Speaker 6: Sometimes they're like ninety percent off, like they go yeah.

465
00:19:30,960 --> 00:19:33,080
Speaker 6: I think they get to a point where businesses are

466
00:19:33,080 --> 00:19:34,439
Speaker 6: just like get them out of here, no one's going

467
00:19:34,480 --> 00:19:35,000
Speaker 6: to buy them now.

468
00:19:35,600 --> 00:19:37,720
Speaker 4: If I'm being honest, I am the person that will

469
00:19:37,720 --> 00:19:41,240
Speaker 4: wait till February to buy my calendar. Yeah, and then

470
00:19:41,359 --> 00:19:44,080
Speaker 4: I use it for a month and then forget it exists. Yes,

471
00:19:44,359 --> 00:19:47,080
Speaker 4: me too, so motivated to use it, and they'll go

472
00:19:47,119 --> 00:19:49,760
Speaker 4: down to Kiki k and buy a really esthetic one

473
00:19:49,800 --> 00:19:53,040
Speaker 4: and it'll be like this is my year, yes, and

474
00:19:53,119 --> 00:19:55,080
Speaker 4: then it's not my year, and so I make the

475
00:19:55,119 --> 00:19:57,720
Speaker 4: resolution to make it my year the next year. Totally

476
00:19:58,119 --> 00:20:00,280
Speaker 4: do that on repeat, and I have di for the

477
00:20:00,359 --> 00:20:01,400
Speaker 4: last thirty three years.

478
00:20:01,640 --> 00:20:04,600
Speaker 2: Absolutely so really like that day when you go out

479
00:20:04,600 --> 00:20:06,960
Speaker 2: and you buy a calendar, that or a diary or

480
00:20:06,960 --> 00:20:08,240
Speaker 2: a journal, that's when you spring.

481
00:20:08,600 --> 00:20:09,480
Speaker 5: It just feels good.

482
00:20:09,560 --> 00:20:14,080
Speaker 2: It feels really good, but only the strongest of us

483
00:20:14,440 --> 00:20:16,680
Speaker 2: and we stare it.

484
00:20:17,000 --> 00:20:20,680
Speaker 4: Follow up, I just have to use my phone calendar,

485
00:20:20,880 --> 00:20:23,879
Speaker 4: like at the end of the day, having outlook it

486
00:20:24,080 --> 00:20:27,359
Speaker 4: just it beats it. I'm just not a paper diary girlie.

487
00:20:27,480 --> 00:20:30,120
Speaker 2: No, I mean the thoughts there, and I think that's

488
00:20:30,119 --> 00:20:32,760
Speaker 2: all that matters, isn't it. Okay, this next one comes

489
00:20:32,800 --> 00:20:37,720
Speaker 2: from me aka producer, our producer. You liberated it from Emma.

490
00:20:37,760 --> 00:20:41,920
Speaker 4: I liberated it, not liberted it, liberated it from Memo.

491
00:20:42,160 --> 00:20:45,720
Speaker 2: Not yet. So this one is for all of my

492
00:20:46,280 --> 00:20:50,479
Speaker 2: Meredith girlies and boys and they them's. It's for if

493
00:20:50,520 --> 00:20:52,320
Speaker 2: you're like me and you don't want to be spending like,

494
00:20:52,400 --> 00:20:54,040
Speaker 2: what is it like four hundred and fifty dollars now

495
00:20:54,080 --> 00:20:56,200
Speaker 2: on a crazy ticket to Meredith.

496
00:20:56,280 --> 00:20:58,040
Speaker 4: You are not getting me to spend four hundred and

497
00:20:58,040 --> 00:21:01,400
Speaker 4: fifty dollars to wear gum boots. Absolutely not, absolutely not.

498
00:21:01,680 --> 00:21:05,439
Speaker 5: You want me definitely. No, we're not gramping, like why glamp?

499
00:21:05,640 --> 00:21:08,240
Speaker 5: Just go to a hotel. Just go to a hotel.

500
00:21:08,320 --> 00:21:12,320
Speaker 4: And that sounds so entitled, but even the money aside,

501
00:21:12,400 --> 00:21:13,320
Speaker 4: I'm going to just stay.

502
00:21:13,080 --> 00:21:15,280
Speaker 2: Home, Yeah, that's true. Can't afford it.

503
00:21:15,840 --> 00:21:18,920
Speaker 4: No, it's not even about affording it glamping. Why did

504
00:21:18,960 --> 00:21:20,879
Speaker 4: you pack your entire life up?

505
00:21:21,359 --> 00:21:21,920
Speaker 2: I do agree.

506
00:21:22,000 --> 00:21:25,400
Speaker 4: You have all of those creature comforts, which I totally get.

507
00:21:25,800 --> 00:21:26,640
Speaker 5: I could have just.

508
00:21:26,560 --> 00:21:29,639
Speaker 4: Stayed at home. I could have just stayed home and

509
00:21:29,800 --> 00:21:30,520
Speaker 4: not packed.

510
00:21:30,880 --> 00:21:33,560
Speaker 2: It is the worst part of Meredith is knowing that

511
00:21:33,640 --> 00:21:35,080
Speaker 2: you all you want to do at the end of

512
00:21:35,080 --> 00:21:38,000
Speaker 2: the night or the end of the early early morning

513
00:21:38,440 --> 00:21:40,040
Speaker 2: is go home to your bed, but you have to

514
00:21:40,720 --> 00:21:41,440
Speaker 2: lay in the.

515
00:21:41,400 --> 00:21:45,080
Speaker 6: Dirty from everything. Is that way everyone camps?

516
00:21:45,119 --> 00:21:46,359
Speaker 2: Like is it here nowhere?

517
00:21:46,480 --> 00:21:46,680
Speaker 6: Yeah?

518
00:21:46,840 --> 00:21:48,600
Speaker 2: It is quite fat and also like you want to

519
00:21:48,640 --> 00:21:50,800
Speaker 2: be driving around at that time, you know, to go

520
00:21:50,880 --> 00:21:51,480
Speaker 2: back to your hotel.

521
00:21:51,800 --> 00:21:53,480
Speaker 4: I do feel like I should preface this as well,

522
00:21:53,520 --> 00:21:56,280
Speaker 4: because I think if you've not met me properly, you

523
00:21:56,400 --> 00:21:59,800
Speaker 4: might go, oh, Victoria hasn't tried camping. She doesn't get it. Guys,

524
00:22:00,119 --> 00:22:02,159
Speaker 4: was a scout. Not only was I a scout, I

525
00:22:02,200 --> 00:22:05,480
Speaker 4: was a venturer. I was a very cool teenager. I

526
00:22:05,520 --> 00:22:09,399
Speaker 4: did jamboree, I did cubbery. I did all of those things.

527
00:22:09,440 --> 00:22:12,199
Speaker 4: Like I did all of the camping things, all of

528
00:22:12,240 --> 00:22:13,159
Speaker 4: the hiking things.

529
00:22:13,359 --> 00:22:15,960
Speaker 5: I have the experience to say, stay.

530
00:22:15,760 --> 00:22:17,520
Speaker 2: At home, scream cool.

531
00:22:18,800 --> 00:22:19,880
Speaker 5: I was actually there.

532
00:22:19,640 --> 00:22:21,359
Speaker 4: Called thank you, I I'll say, the captain of the

533
00:22:21,359 --> 00:22:23,879
Speaker 4: debating team. So so she didn't see that coming.

534
00:22:23,960 --> 00:22:27,360
Speaker 2: Oh that's very I did not see that coming. So

535
00:22:27,560 --> 00:22:29,679
Speaker 2: I usually use. I'm sure like those who go to

536
00:22:29,720 --> 00:22:33,160
Speaker 2: Meredith probably are in the Meredith ticket by swap cell

537
00:22:33,520 --> 00:22:35,520
Speaker 2: groups and things like that, but I did not know

538
00:22:35,600 --> 00:22:39,320
Speaker 2: about this. It's called Auntie's Unofficial ticket Swap, and I

539
00:22:39,320 --> 00:22:41,879
Speaker 2: did this a few years ago, but it was very,

540
00:22:42,240 --> 00:22:44,280
Speaker 2: very very by chance. It was a complete fluke. I

541
00:22:44,320 --> 00:22:46,240
Speaker 2: got really cheap tickets at the last minute, and I've

542
00:22:46,280 --> 00:22:48,960
Speaker 2: been trying to do that every year since end up

543
00:22:49,040 --> 00:22:51,280
Speaker 2: not going. But if you go to Auntie's an official

544
00:22:51,320 --> 00:22:53,240
Speaker 2: ticket swap, you wait till the last minute, maybe a

545
00:22:53,280 --> 00:22:56,240
Speaker 2: couple days in advance. People start getting stressed, like I

546
00:22:56,240 --> 00:22:58,399
Speaker 2: can't go anymore. I need to sell this ticket, and

547
00:22:58,440 --> 00:23:01,080
Speaker 2: they tend to give them away very cheap.

548
00:23:01,480 --> 00:23:03,359
Speaker 4: That's a good money win, because you don't want to

549
00:23:03,359 --> 00:23:05,359
Speaker 4: be stuck with a five hundred dollars ticket that you

550
00:23:05,400 --> 00:23:08,360
Speaker 4: can't use, knowing that somebody else really wanted to use it.

551
00:23:08,920 --> 00:23:13,119
Speaker 2: Got some cash exactly exactly, So keep an eye out

552
00:23:13,680 --> 00:23:15,760
Speaker 2: and don't be like me. The last couple of years

553
00:23:15,760 --> 00:23:18,120
Speaker 2: I couldn't go just because I was waiting. I would

554
00:23:18,160 --> 00:23:21,720
Speaker 2: wait until the Saturday of Meredith. You're in sa nighttime

555
00:23:21,800 --> 00:23:24,399
Speaker 2: and the Sunday morning be like, hey, guys, I'm still

556
00:23:24,600 --> 00:23:27,080
Speaker 2: I still will take a ticket. Have you got four hours?

557
00:23:28,200 --> 00:23:32,200
Speaker 2: Not yet, because I am going to wait to get

558
00:23:32,320 --> 00:23:32,920
Speaker 2: So should we.

559
00:23:32,880 --> 00:23:34,560
Speaker 4: Do a little call out right now and say, if

560
00:23:34,560 --> 00:23:37,200
Speaker 4: you're planning on selling your ticket, peck might like them.

561
00:23:37,040 --> 00:23:41,760
Speaker 2: I might like them. I'll pay reasonable price. That is

562
00:23:41,760 --> 00:23:43,080
Speaker 2: my book to week.

563
00:23:42,920 --> 00:23:44,080
Speaker 5: I love that.

564
00:23:44,119 --> 00:23:48,560
Speaker 4: I feel like this has been very well rounded, very lubricated.

565
00:23:50,080 --> 00:23:52,400
Speaker 4: Let's go to a really quick break on the flip side.

566
00:23:52,400 --> 00:23:54,320
Speaker 4: We're going to have a chat that probably only I'm

567
00:23:54,359 --> 00:23:57,120
Speaker 4: interested in, and that's about taxes and investing. Then we're

568
00:23:57,160 --> 00:23:59,159
Speaker 4: going to unpack something that you're slead into our DMS

569
00:23:59,160 --> 00:24:01,560
Speaker 4: about This week, we talked about navigating in laws who

570
00:24:01,600 --> 00:24:04,200
Speaker 4: overstep when it comes to purchasing kids' presence.

571
00:24:04,560 --> 00:24:06,080
Speaker 5: So don't go anywhere.

572
00:24:10,040 --> 00:24:12,719
Speaker 6: Welcome back, everybody. Let's take a listen to this week's

573
00:24:12,760 --> 00:24:13,600
Speaker 6: money dilemma.

574
00:24:15,960 --> 00:24:18,320
Speaker 4: Hi, there, have you got a money dilemma you just

575
00:24:18,359 --> 00:24:20,880
Speaker 4: can't solve? The She's on the Money team is here

576
00:24:20,920 --> 00:24:24,160
Speaker 4: to help. Every week, we tackle your dilemmas, both big

577
00:24:24,200 --> 00:24:26,919
Speaker 4: and small, to answer your most burning money, career and

578
00:24:26,960 --> 00:24:30,160
Speaker 4: life questions. To get involved, simply head to our website

579
00:24:30,160 --> 00:24:32,320
Speaker 4: and leave us a short voice recording and you might

580
00:24:32,359 --> 00:24:34,919
Speaker 4: just find yourself on the show. Now, let's take a

581
00:24:34,960 --> 00:24:41,720
Speaker 4: listen to this week's money Dilemma.

582
00:24:39,520 --> 00:24:42,639
Speaker 7: Hi, ve Beck and Jess. I just want to say

583
00:24:42,760 --> 00:24:45,640
Speaker 7: I'm a huge fan of the podcast, and I have

584
00:24:45,800 --> 00:24:49,639
Speaker 7: a money dilemma and it's about micro investing. So I

585
00:24:49,720 --> 00:24:54,199
Speaker 7: currently have two microinvesting platforms set up, but I'd like

586
00:24:54,320 --> 00:24:59,320
Speaker 7: to move approximately two thousand dollars from one platform to

587
00:24:59,440 --> 00:25:02,040
Speaker 7: the other. And I just wanted to find out what

588
00:25:02,200 --> 00:25:05,520
Speaker 7: the tax implications were of this or anything else that

589
00:25:05,760 --> 00:25:08,720
Speaker 7: I would need to keep in mind. Thank you so much. Bye.

590
00:25:08,800 --> 00:25:10,560
Speaker 4: I feel like this is a really good question because

591
00:25:10,600 --> 00:25:13,520
Speaker 4: so many people go from micro investing platforms and then

592
00:25:13,560 --> 00:25:15,760
Speaker 4: graduate to a bigger platform, or they just want to

593
00:25:15,800 --> 00:25:18,199
Speaker 4: switch and change. And like, Jess, I know you and

594
00:25:18,240 --> 00:25:20,520
Speaker 4: I have been on spaceship and we've both had rais

595
00:25:20,560 --> 00:25:22,680
Speaker 4: and like we kind of like mess around with lots

596
00:25:22,680 --> 00:25:24,119
Speaker 4: when we're finding our feet.

597
00:25:23,920 --> 00:25:24,840
Speaker 5: In investing land.

598
00:25:25,240 --> 00:25:28,200
Speaker 4: So the unfortunate thing is, while you said you want

599
00:25:28,200 --> 00:25:30,080
Speaker 4: to move two thousand dollars, I don't know how much

600
00:25:30,080 --> 00:25:32,520
Speaker 4: of that is profit. So it's quite challenging to give

601
00:25:32,560 --> 00:25:35,120
Speaker 4: advice on that. Let's pretend for a hot second, though,

602
00:25:35,160 --> 00:25:37,879
Speaker 4: that it's just two grands straight, There's going to be

603
00:25:37,880 --> 00:25:40,439
Speaker 4: a few things to take into consideration. So the first

604
00:25:40,520 --> 00:25:43,679
Speaker 4: thing is has that money been invested for more than

605
00:25:43,720 --> 00:25:44,440
Speaker 4: twelve months.

606
00:25:44,880 --> 00:25:46,400
Speaker 5: If so, you're in a good.

607
00:25:46,200 --> 00:25:49,080
Speaker 4: Position because yes, while you'll still have to pay capital

608
00:25:49,119 --> 00:25:51,800
Speaker 4: gains tax on that, the profit will be taxed at

609
00:25:51,800 --> 00:25:55,359
Speaker 4: fifty percent your marginal tax rate. If you own an

610
00:25:55,440 --> 00:25:57,959
Speaker 4: asset for less than twelve months, make a profit and

611
00:25:58,000 --> 00:26:00,880
Speaker 4: then sell, the profit will be tax at your marginal

612
00:26:01,000 --> 00:26:04,160
Speaker 4: tax rate. And we pay tax on money that we earn.

613
00:26:04,760 --> 00:26:07,360
Speaker 4: In saying that, if it's two thousand dollars that has

614
00:26:07,400 --> 00:26:11,000
Speaker 4: been I guess roundups, So maybe you've rounded up every

615
00:26:11,080 --> 00:26:13,680
Speaker 4: single purchase and it's been over the last twelve months,

616
00:26:13,720 --> 00:26:16,439
Speaker 4: and yeah, you haven't been invested for that long. But

617
00:26:16,600 --> 00:26:18,960
Speaker 4: like most of that two thousand dollars is actually your

618
00:26:18,960 --> 00:26:21,000
Speaker 4: own cash that you've put in. There's not going to

619
00:26:21,040 --> 00:26:23,479
Speaker 4: be any tax payable on that because it's not profit.

620
00:26:23,760 --> 00:26:26,280
Speaker 4: It's just your cash that's been put to the side.

621
00:26:26,320 --> 00:26:28,680
Speaker 4: You actually already paid tax on that when it came

622
00:26:28,800 --> 00:26:29,960
Speaker 4: into your bank account.

623
00:26:30,119 --> 00:26:30,720
Speaker 5: But we are.

624
00:26:30,640 --> 00:26:33,480
Speaker 4: Only paying tax on money that we earned. I think

625
00:26:33,520 --> 00:26:36,199
Speaker 4: so many times people are really stressed because they go,

626
00:26:36,280 --> 00:26:39,080
Speaker 4: oh my god, jesz, Like I've got two grand invested.

627
00:26:39,080 --> 00:26:40,959
Speaker 4: What am I going to be taxed? Or is that

628
00:26:41,000 --> 00:26:43,480
Speaker 4: two thousand dollars profit? Or is that two thousand dollars

629
00:26:43,520 --> 00:26:45,520
Speaker 4: that like you chipped away and built out, But it

630
00:26:45,560 --> 00:26:48,160
Speaker 4: hasn't been invested for long enough to have been able

631
00:26:48,160 --> 00:26:51,000
Speaker 4: to compound yet, So therefore you're not in that tricky

632
00:26:51,040 --> 00:26:55,560
Speaker 4: of a situation. Unfortunately, when you're selling and moving from

633
00:26:55,600 --> 00:26:58,159
Speaker 4: a micro investing platform because of the way that you

634
00:26:58,359 --> 00:27:02,120
Speaker 4: own that asset, that asset is owned in the same

635
00:27:02,200 --> 00:27:05,240
Speaker 4: way that an ETF is, and that's under a trust,

636
00:27:05,560 --> 00:27:08,399
Speaker 4: which means you can't just transfer it to another platform

637
00:27:08,440 --> 00:27:12,359
Speaker 4: without triggering a CGT event. So when you trigger a

638
00:27:12,400 --> 00:27:15,359
Speaker 4: CDT event, it means you have to pay some tax. Sometimes,

639
00:27:15,400 --> 00:27:17,159
Speaker 4: like let's pretend you owned and I always use a

640
00:27:17,240 --> 00:27:19,520
Speaker 4: nab share. I don't know why, but let's say you

641
00:27:19,560 --> 00:27:22,439
Speaker 4: own a nab share direct through like comseec jess, and

642
00:27:22,480 --> 00:27:25,480
Speaker 4: you wanted to move it to another platform. If you

643
00:27:25,760 --> 00:27:28,280
Speaker 4: transferred it, you would do this is probably getting a

644
00:27:28,280 --> 00:27:30,960
Speaker 4: little bit technical, but like we like to know, you

645
00:27:31,000 --> 00:27:34,399
Speaker 4: would do what's called an interspecies transfer. And when you

646
00:27:34,440 --> 00:27:36,800
Speaker 4: do that, you're just moving from one platform to another,

647
00:27:36,840 --> 00:27:40,120
Speaker 4: but you're never selling anything. But when you're selling down

648
00:27:40,160 --> 00:27:43,040
Speaker 4: from a micro investing platform, you can't do that. You

649
00:27:43,080 --> 00:27:46,360
Speaker 4: actually have to sell down that entire asset and then

650
00:27:46,440 --> 00:27:49,679
Speaker 4: buy something on another platform. Therefore, you are going to

651
00:27:49,720 --> 00:27:53,040
Speaker 4: trigger a tax event. And in this situation, you are

652
00:27:53,040 --> 00:27:56,240
Speaker 4: triggering a capital gains tax event, which means that you

653
00:27:56,359 --> 00:27:58,040
Speaker 4: need to pay tax on your profit.

654
00:27:58,320 --> 00:27:59,160
Speaker 5: Does that make sense?

655
00:28:00,080 --> 00:28:02,720
Speaker 6: It what happens if you sell it at a loss.

656
00:28:02,840 --> 00:28:04,080
Speaker 4: If you sell it at a loss, you get a

657
00:28:04,080 --> 00:28:07,359
Speaker 4: little certificate in your tax, meaning that in the coming

658
00:28:07,440 --> 00:28:10,560
Speaker 4: years you can offset the profit that you make, which

659
00:28:10,600 --> 00:28:12,280
Speaker 4: is really cool. And let's say that you have a

660
00:28:12,280 --> 00:28:15,080
Speaker 4: couple because you said that you had two different platforms.

661
00:28:15,280 --> 00:28:17,399
Speaker 4: Let's say the one that you're selling you're making a loss,

662
00:28:17,560 --> 00:28:19,679
Speaker 4: but the other one you've made a profit in that

663
00:28:19,920 --> 00:28:22,919
Speaker 4: same year. You can claim both on your tax and

664
00:28:22,960 --> 00:28:24,159
Speaker 4: they'll offset one another.

665
00:28:24,480 --> 00:28:27,359
Speaker 6: Oh money in It's actually pretty easy. I sold down

666
00:28:27,560 --> 00:28:29,840
Speaker 6: my spaceship actually this year. I moved it because I

667
00:28:29,880 --> 00:28:33,119
Speaker 6: haven't use it anymore. No, and I exactly that I

668
00:28:33,200 --> 00:28:35,400
Speaker 6: was waiting because it was at a pretty significant loss.

669
00:28:35,480 --> 00:28:36,960
Speaker 6: I was just waiting for it to bounce back. Up

670
00:28:37,040 --> 00:28:38,880
Speaker 6: and yeah, got close enough. I still sold it at

671
00:28:38,840 --> 00:28:40,240
Speaker 6: a loss, but it got close enough too, but you

672
00:28:40,280 --> 00:28:42,120
Speaker 6: can claim that on your tax. Well that's exactly right.

673
00:28:42,120 --> 00:28:44,240
Speaker 6: I was like, it'll offset what I got through my chares,

674
00:28:44,320 --> 00:28:46,640
Speaker 6: used tends, whatever. But it's really simple. When you close

675
00:28:46,680 --> 00:28:48,720
Speaker 6: your account, they'll generally give you like some kind of

676
00:28:48,800 --> 00:28:52,200
Speaker 6: certificate or form that says you sold x amount, this

677
00:28:52,320 --> 00:28:54,560
Speaker 6: is your profit slash loss and that's what you used

678
00:28:54,560 --> 00:28:55,760
Speaker 6: to input at tax time.

679
00:28:55,960 --> 00:28:56,800
Speaker 5: Yeah, and hold of that.

680
00:28:56,960 --> 00:28:59,880
Speaker 4: And when you sell down, you're not losing your account,

681
00:29:00,320 --> 00:29:02,080
Speaker 4: so you can still log in and get all your

682
00:29:02,160 --> 00:29:05,160
Speaker 4: tax reporting. So it's not like deleting your account. I mean,

683
00:29:05,200 --> 00:29:07,400
Speaker 4: you can do that in the future, but what I

684
00:29:07,440 --> 00:29:10,280
Speaker 4: would do is trigger the sale, and then after you've

685
00:29:10,280 --> 00:29:12,280
Speaker 4: triggered the sale, you can go and download all of

686
00:29:12,320 --> 00:29:15,520
Speaker 4: your tax reports, including you know, what you sold it for,

687
00:29:15,560 --> 00:29:17,479
Speaker 4: so was it a profit or a loss? Save that

688
00:29:17,520 --> 00:29:19,120
Speaker 4: for later, and then if you want to close your

689
00:29:19,120 --> 00:29:21,800
Speaker 4: account then you can, but I'd wait to make sure

690
00:29:21,800 --> 00:29:23,520
Speaker 4: that I have all the reporting so it doesn't get

691
00:29:23,520 --> 00:29:25,680
Speaker 4: messy in saying that. If you have closed it, you

692
00:29:25,680 --> 00:29:27,280
Speaker 4: can just email the company and they'll be able to

693
00:29:27,320 --> 00:29:28,160
Speaker 4: generate it for you.

694
00:29:28,240 --> 00:29:30,760
Speaker 5: And that shouldn't be in issues, just another step of admin.

695
00:29:31,240 --> 00:29:33,080
Speaker 5: And Jess doesn't pay ninety cents for admin.

696
00:29:33,360 --> 00:29:33,440
Speaker 1: No.

697
00:29:33,600 --> 00:29:38,080
Speaker 4: I I feel like that was a good but very

698
00:29:38,520 --> 00:29:39,400
Speaker 4: technical question.

699
00:29:39,560 --> 00:29:41,160
Speaker 5: So there's not a lot of like, Jess, what would

700
00:29:41,160 --> 00:29:41,400
Speaker 5: you do?

701
00:29:41,480 --> 00:29:43,560
Speaker 4: But I don't want you giving that advice this time, Jess,

702
00:29:43,560 --> 00:29:44,800
Speaker 4: because let's be honest.

703
00:29:45,040 --> 00:29:45,720
Speaker 5: I know I'm right.

704
00:29:45,800 --> 00:29:48,320
Speaker 4: But that is also why we've just added a bonus

705
00:29:48,360 --> 00:29:51,720
Speaker 4: module to my Investing masterclass as well, all about taxes,

706
00:29:51,800 --> 00:29:54,440
Speaker 4: because we get a lot of questions and while throughout

707
00:29:54,480 --> 00:29:57,160
Speaker 4: the course we do cover taxes, I wanted to have

708
00:29:57,160 --> 00:30:00,760
Speaker 4: a really specific module so that there's like old clarity.

709
00:30:00,960 --> 00:30:03,040
Speaker 4: I was just like, all right, let's make sure that

710
00:30:03,120 --> 00:30:06,400
Speaker 4: this exists and that there's bonus modules. And that's actually

711
00:30:06,400 --> 00:30:10,040
Speaker 4: something that I'm getting really excited about. We keep adding

712
00:30:10,080 --> 00:30:12,440
Speaker 4: all of these bonus modules. Hasn't even come out yet,

713
00:30:12,560 --> 00:30:15,480
Speaker 4: just like people aren't even in the course yet officially,

714
00:30:15,920 --> 00:30:17,920
Speaker 4: and I keep being like, what about a bonus module

715
00:30:17,920 --> 00:30:20,120
Speaker 4: on this? What about a bonus module on that? And

716
00:30:20,120 --> 00:30:21,760
Speaker 4: the cool thing is if you are part of the

717
00:30:21,800 --> 00:30:25,440
Speaker 4: Investing Masterclass, you have lifetime access and any bonus content

718
00:30:25,480 --> 00:30:28,440
Speaker 4: I create in the future will appear on your course

719
00:30:28,480 --> 00:30:30,840
Speaker 4: as well, even if you you know, started right now.

720
00:30:30,880 --> 00:30:33,400
Speaker 4: It's not for like other people. It's not to sell

721
00:30:33,480 --> 00:30:36,120
Speaker 4: even more of it. It's literally to add more value

722
00:30:36,320 --> 00:30:38,160
Speaker 4: to the people that are already in the course because

723
00:30:38,160 --> 00:30:40,960
Speaker 4: we've all got questions and it's my job to answer them.

724
00:30:41,120 --> 00:30:44,120
Speaker 6: Amazing. There's I think one week left to sign up,

725
00:30:44,240 --> 00:30:45,640
Speaker 6: so there is, and.

726
00:30:45,640 --> 00:30:48,320
Speaker 4: Will put a little cheeky discount code in the show

727
00:30:48,360 --> 00:30:50,840
Speaker 4: notes as well, So if you've been thinking about signing

728
00:30:50,920 --> 00:30:53,280
Speaker 4: up now as a time my friend exciting. Do you

729
00:30:53,360 --> 00:30:55,520
Speaker 4: want to get into a little sneaky DM that we

730
00:30:55,600 --> 00:30:56,240
Speaker 4: got this week?

731
00:30:56,240 --> 00:31:02,840
Speaker 5: Guys? Yes, absolutely, Becky's drawing an Apple Core. Are you

732
00:31:02,880 --> 00:31:03,880
Speaker 5: awa that boring?

733
00:31:04,880 --> 00:31:07,240
Speaker 2: Do you want me to draw on for you?

734
00:31:07,280 --> 00:31:08,280
Speaker 5: Nope, I don't want it at all.

735
00:31:08,880 --> 00:31:12,400
Speaker 4: All right, here is our DM of the week. Hey,

736
00:31:12,440 --> 00:31:14,400
Speaker 4: she's on the money. I'm a parent with a bit

737
00:31:14,520 --> 00:31:17,720
Speaker 4: of a dilemma. Money's always been tight since having my kids,

738
00:31:17,720 --> 00:31:19,200
Speaker 4: and I can't afford to go all.

739
00:31:19,080 --> 00:31:20,959
Speaker 5: Out for their birthday's lack. I'd want to.

740
00:31:21,400 --> 00:31:23,560
Speaker 4: It's tough, but I've been doing my best to make

741
00:31:23,600 --> 00:31:27,120
Speaker 4: it special with thoughtful gifts and quality time. The problem

742
00:31:27,240 --> 00:31:30,120
Speaker 4: is my in laws always swoop in and outshine me

743
00:31:30,320 --> 00:31:33,800
Speaker 4: with big, expensive presents. Don't get me wrong, I really

744
00:31:33,800 --> 00:31:36,640
Speaker 4: appreciate their generosity, but it's starting to make me feel

745
00:31:36,640 --> 00:31:39,440
Speaker 4: really inadequate. I'm the parent, and I want to be

746
00:31:39,440 --> 00:31:42,000
Speaker 4: the one who creates the happiest memories for my child.

747
00:31:42,240 --> 00:31:44,760
Speaker 4: I don't want to seem ungrateful, but it's really getting

748
00:31:44,800 --> 00:31:47,160
Speaker 4: to me. How can I make sure my child remembers

749
00:31:47,200 --> 00:31:48,920
Speaker 4: the love not the price tag?

750
00:31:49,880 --> 00:31:52,840
Speaker 2: I think, honestly, like kids don't know. It's really like,

751
00:31:52,920 --> 00:31:54,960
Speaker 2: you know, it could be different for every scenario. I

752
00:31:54,960 --> 00:31:57,160
Speaker 2: don't know what they're buying, but kids don't know how

753
00:31:57,240 --> 00:32:00,440
Speaker 2: much things are worth. They have no concept of money.

754
00:32:00,440 --> 00:32:02,680
Speaker 4: Are we talking like twelve year olds who yeah, starting

755
00:32:02,680 --> 00:32:05,120
Speaker 4: to ask for things from Mecca? Are are we talking

756
00:32:05,160 --> 00:32:07,040
Speaker 4: like two and three? And like they're just like the

757
00:32:07,040 --> 00:32:07,840
Speaker 4: cardboard box, you.

758
00:32:07,800 --> 00:32:09,760
Speaker 2: Know, totally totally. And also like I feel like we

759
00:32:09,800 --> 00:32:13,640
Speaker 2: all have those relatives. I mean that's really privileged to say.

760
00:32:13,640 --> 00:32:15,680
Speaker 2: I feel like some of us have those relatives that like,

761
00:32:15,880 --> 00:32:17,680
Speaker 2: you know, when you'd go visit your grandparents, like they're

762
00:32:17,680 --> 00:32:19,600
Speaker 2: going to give you twenty dollars secretly, Like you just

763
00:32:19,680 --> 00:32:21,840
Speaker 2: know that there are certain people in your world that

764
00:32:21,920 --> 00:32:24,520
Speaker 2: give you certain things, and it's really exciting. Like I remember,

765
00:32:24,560 --> 00:32:28,440
Speaker 2: like I still associate my dad's side of the family

766
00:32:28,480 --> 00:32:32,400
Speaker 2: with biscuits, and I still associate my mommar with twenty

767
00:32:32,400 --> 00:32:33,960
Speaker 2: dollars every now and then, you know, So we all

768
00:32:34,000 --> 00:32:36,680
Speaker 2: like kind of get little things from from every kind

769
00:32:36,720 --> 00:32:38,240
Speaker 2: of part of our life. And it's not all about

770
00:32:38,240 --> 00:32:43,240
Speaker 2: like monetary value whatsoever. I can totally understand that you

771
00:32:43,400 --> 00:32:46,840
Speaker 2: having full understanding, like full idea, the full picture of

772
00:32:46,880 --> 00:32:50,040
Speaker 2: like what money means and how how important it is

773
00:32:50,080 --> 00:32:52,120
Speaker 2: to you and all that kind of stuff I understand

774
00:32:52,400 --> 00:32:55,680
Speaker 2: for you, you can totally see that that would well,

775
00:32:55,680 --> 00:32:58,840
Speaker 2: that like does make you feel inadequate, like I can't

776
00:32:58,840 --> 00:33:01,840
Speaker 2: spend this amount of money or likes and therefore I

777
00:33:01,880 --> 00:33:04,880
Speaker 2: feel like I'm not doing enough what they're doing more

778
00:33:05,000 --> 00:33:07,880
Speaker 2: or whatever. But honestly, with the kids, like they're not

779
00:33:07,920 --> 00:33:10,320
Speaker 2: gonna they don't have that kind that's.

780
00:33:10,280 --> 00:33:13,720
Speaker 5: I don't remember. Honestly, I don't remember it at all. Jess.

781
00:33:13,840 --> 00:33:16,720
Speaker 5: What he do remember from growing up and getting gifts

782
00:33:16,880 --> 00:33:18,160
Speaker 5: is literally.

783
00:33:17,880 --> 00:33:20,480
Speaker 6: Like thinking back, like I can't can barely remember any

784
00:33:20,520 --> 00:33:22,240
Speaker 6: of the gifts I ever got, and the things that

785
00:33:22,280 --> 00:33:25,680
Speaker 6: I do remember will experience things that I did my parents,

786
00:33:25,720 --> 00:33:28,360
Speaker 6: like I remember one, Yeah, we went to Disney on Ice,

787
00:33:28,520 --> 00:33:29,960
Speaker 6: and I don't remember a single.

788
00:33:29,720 --> 00:33:31,760
Speaker 4: Bit that I was so jealous of all the kids

789
00:33:31,800 --> 00:33:33,640
Speaker 4: that got to go to that I never went, but

790
00:33:33,680 --> 00:33:34,200
Speaker 4: that would have.

791
00:33:34,120 --> 00:33:36,600
Speaker 6: Been so sure we went once because it was very

792
00:33:36,680 --> 00:33:39,840
Speaker 6: far out of our realm of a form of affordability.

793
00:33:40,120 --> 00:33:41,880
Speaker 6: But I don't remember single thing about the show. I

794
00:33:41,880 --> 00:33:44,520
Speaker 6: don't remember anything, like I'm probably didn't buy anything the

795
00:33:44,560 --> 00:33:46,360
Speaker 6: because we probab couldn't have thord. Just what I remember

796
00:33:46,440 --> 00:33:48,080
Speaker 6: is like the way that my parents told me is

797
00:33:48,480 --> 00:33:50,000
Speaker 6: that it had like rained that day and there was

798
00:33:50,040 --> 00:33:52,040
Speaker 6: a rainbow and they're like, oh, like, let's follow the rainbow,

799
00:33:52,040 --> 00:33:55,600
Speaker 6: and somehow they've done, Oh I think the rainbow's going

800
00:33:55,680 --> 00:33:59,720
Speaker 6: left when you know whatever, They're like, we're going to

801
00:34:00,120 --> 00:34:03,280
Speaker 6: and it was like that's what I remember totally. Other

802
00:34:03,320 --> 00:34:06,640
Speaker 6: little experiences that I remember through my childhood were things

803
00:34:06,680 --> 00:34:09,120
Speaker 6: like that that were thought like that particular part of

804
00:34:09,160 --> 00:34:11,120
Speaker 6: my memory cost them no money, do you know what

805
00:34:11,120 --> 00:34:13,880
Speaker 6: I mean? Of course, the fact that Disney on Ice

806
00:34:13,960 --> 00:34:15,480
Speaker 6: is charch To, and I know that that's really expensive,

807
00:34:15,520 --> 00:34:17,120
Speaker 6: but that is not what I remember.

808
00:34:17,160 --> 00:34:19,640
Speaker 5: With you remember how they made that experience magic.

809
00:34:19,760 --> 00:34:22,200
Speaker 6: Completely, and I think there's lots of little ways that

810
00:34:22,239 --> 00:34:24,080
Speaker 6: you can do that that don't cost you anything. And

811
00:34:24,120 --> 00:34:27,760
Speaker 6: I wouldn't undervalue that because like, the way that someone

812
00:34:27,800 --> 00:34:30,080
Speaker 6: makes you feel is so much more important than the

813
00:34:30,120 --> 00:34:33,160
Speaker 6: monetary value of something. And to flip the narrative, I

814
00:34:33,200 --> 00:34:36,040
Speaker 6: think that if you can change your mindset, I think

815
00:34:36,040 --> 00:34:39,160
Speaker 6: it would be really helpful because as someone who kind

816
00:34:39,160 --> 00:34:41,880
Speaker 6: of is that relative, like for myself and my partner,

817
00:34:42,160 --> 00:34:44,920
Speaker 6: for our nieces and nephews, we don't have a house,

818
00:34:45,040 --> 00:34:48,400
Speaker 6: we don't have kids, we have no significant financial responsibilities.

819
00:34:48,719 --> 00:34:52,000
Speaker 6: I'm say, I'm fine, Auntie, I buy you dumb expensive

820
00:34:52,040 --> 00:34:55,920
Speaker 6: things like you something stupid and expensive, Yeah, I'll buy it,

821
00:34:56,080 --> 00:34:58,880
Speaker 6: Like Mum and Dad can't justify spending a heap, I

822
00:34:58,880 --> 00:34:59,279
Speaker 6: don't think.

823
00:34:59,320 --> 00:35:01,120
Speaker 4: I don't think just has ever come to my house,

824
00:35:01,480 --> 00:35:03,839
Speaker 4: not with a present for Harvey and I'm like, what

825
00:35:03,960 --> 00:35:07,200
Speaker 4: is this? And she's like it was just so cute?

826
00:35:07,360 --> 00:35:07,879
Speaker 5: Do you know what I mean?

827
00:35:07,920 --> 00:35:10,960
Speaker 6: It's and I think from my perspective, it's coming from

828
00:35:10,960 --> 00:35:12,879
Speaker 6: a place of lum it's coming from a place of oh,

829
00:35:12,920 --> 00:35:16,000
Speaker 6: well I can do these things, let me do them

830
00:35:16,040 --> 00:35:19,000
Speaker 6: so you don't have to. And it would like if

831
00:35:19,040 --> 00:35:21,879
Speaker 6: I thought that I was making my brother and sister

832
00:35:21,960 --> 00:35:23,839
Speaker 6: in law feel bad. It would break my heart. That's

833
00:35:23,880 --> 00:35:26,800
Speaker 6: not the intention at all. So I think I totally

834
00:35:26,800 --> 00:35:29,479
Speaker 6: want to validate how you're feeling, because if you want

835
00:35:29,520 --> 00:35:31,600
Speaker 6: to be buying those things and you can't afford them,

836
00:35:32,000 --> 00:35:34,239
Speaker 6: I get that that sucks. But I think if we

837
00:35:34,239 --> 00:35:36,919
Speaker 6: can try and reframe the mindset to be like, how

838
00:35:36,960 --> 00:35:39,920
Speaker 6: good that you know my mother in law wants to

839
00:35:39,920 --> 00:35:41,920
Speaker 6: buy these things for my kids and can buy these

840
00:35:41,960 --> 00:35:44,440
Speaker 6: things for my kids, how can I Like, if you

841
00:35:44,480 --> 00:35:46,440
Speaker 6: play with them, Let's say they buy them one of

842
00:35:46,480 --> 00:35:48,840
Speaker 6: those really expensive ride on car things. Like that's the

843
00:35:48,840 --> 00:35:50,560
Speaker 6: first thing I thought of when I don't know why,

844
00:35:50,600 --> 00:35:51,120
Speaker 6: when I heard.

845
00:35:51,040 --> 00:35:55,520
Speaker 4: The story Bentley that drives if you ever see Harvey

846
00:35:55,560 --> 00:35:56,560
Speaker 4: in one of them, wasn't me?

847
00:35:56,840 --> 00:35:59,360
Speaker 5: It's not yeah, not happening, That's what I picched it.

848
00:35:59,360 --> 00:36:01,040
Speaker 6: But like, let's say they do that, Like you get

849
00:36:01,040 --> 00:36:04,279
Speaker 6: the memories of playing with them, build a racetrack from

850
00:36:04,320 --> 00:36:07,080
Speaker 6: cardboard in the backyard and drive them around, and you

851
00:36:07,120 --> 00:36:10,080
Speaker 6: can still be a part of that memory even.

852
00:36:09,880 --> 00:36:12,680
Speaker 2: If you're so true by it, and like, arguably probably

853
00:36:12,719 --> 00:36:15,960
Speaker 2: the most memorable part of that memory is like you

854
00:36:16,120 --> 00:36:18,560
Speaker 2: enjoying that with them and not the actual who bought

855
00:36:18,600 --> 00:36:20,920
Speaker 2: it for me. You have no You probably like look

856
00:36:21,000 --> 00:36:23,040
Speaker 2: back and have no idea where a lot of these

857
00:36:23,080 --> 00:36:25,560
Speaker 2: things came from. You just remember the memories, as you

858
00:36:25,600 --> 00:36:29,200
Speaker 2: were saying, of experiencing that fun and that playfulness and

859
00:36:29,200 --> 00:36:32,359
Speaker 2: that magic with the people that you experienced. Either could

860
00:36:32,400 --> 00:36:35,000
Speaker 2: be the parents, could be anyone. Yeah, but the memories

861
00:36:35,040 --> 00:36:36,959
Speaker 2: of what really really matter.

862
00:36:37,080 --> 00:36:38,960
Speaker 5: Yeah, No, I totally agree with that. And what do

863
00:36:38,960 --> 00:36:39,400
Speaker 5: you think?

864
00:36:39,520 --> 00:36:42,160
Speaker 4: I guess I'm in this really weird position where this

865
00:36:42,239 --> 00:36:44,840
Speaker 4: is like triggered a heap of memories about my childhood

866
00:36:44,880 --> 00:36:47,319
Speaker 4: and my birthdays. And when I asked you, like, what

867
00:36:47,320 --> 00:36:50,240
Speaker 4: do you remember? I was like, what do I remember?

868
00:36:50,680 --> 00:36:53,399
Speaker 4: And I remember that on our birthdays, Mum would still

869
00:36:53,400 --> 00:36:55,439
Speaker 4: make us go to school if it was a school day,

870
00:36:55,840 --> 00:36:57,680
Speaker 4: but we got to pick what we had for dinner.

871
00:36:57,760 --> 00:36:59,960
Speaker 4: So we never went out for dinner, but we got

872
00:37:00,080 --> 00:37:02,279
Speaker 4: to pick. And I always remember telling my mum that

873
00:37:02,360 --> 00:37:06,239
Speaker 4: I wanted corn beef for dinner because it was my favorite,

874
00:37:06,280 --> 00:37:08,480
Speaker 4: but it wasn't. It was my dad's favorite, and I

875
00:37:08,520 --> 00:37:11,399
Speaker 4: knew that that's what he would really want. And then

876
00:37:11,520 --> 00:37:14,080
Speaker 4: I remember we would always make a cake so and

877
00:37:14,120 --> 00:37:16,240
Speaker 4: we got to be in complete control of that cake.

878
00:37:16,360 --> 00:37:18,600
Speaker 4: And my sister and I went through this massive phase

879
00:37:18,640 --> 00:37:20,680
Speaker 4: of always wanting to make a Mars Bar cheese cake,

880
00:37:21,080 --> 00:37:23,479
Speaker 4: and so we would do that, and when we were younger,

881
00:37:23,560 --> 00:37:25,640
Speaker 4: Mum would help, and as we got older, we'd like

882
00:37:25,680 --> 00:37:28,560
Speaker 4: make it for each other. And that's something that as

883
00:37:28,640 --> 00:37:32,480
Speaker 4: I've become a parent, I'm not thinking about the things

884
00:37:32,520 --> 00:37:35,880
Speaker 4: that I can buy hervey. In fact, we're really privileged

885
00:37:35,920 --> 00:37:39,080
Speaker 4: that we can afford nice gifts. But I really don't

886
00:37:39,120 --> 00:37:41,600
Speaker 4: want him to become entitled. I want him to be

887
00:37:41,719 --> 00:37:44,600
Speaker 4: grateful for these things. But I hope he grows up

888
00:37:44,640 --> 00:37:46,880
Speaker 4: with the same like magic memories, Like I hope that

889
00:37:47,120 --> 00:37:49,319
Speaker 4: you know, I can chase a rainbow for him, and

890
00:37:49,360 --> 00:37:51,719
Speaker 4: I hope that he gets as excited about going through

891
00:37:51,760 --> 00:37:55,000
Speaker 4: the Woman's Weekly Cookbook and picking his birthday cake and

892
00:37:55,160 --> 00:37:58,600
Speaker 4: like remembers that that's the effort we put in for him.

893
00:37:58,840 --> 00:38:00,880
Speaker 4: Because now I'm an adult, I went out and I

894
00:38:00,920 --> 00:38:03,560
Speaker 4: bought the Women's Weekly Cookbook so that he can have

895
00:38:03,600 --> 00:38:06,880
Speaker 4: that tradition. So I think it's been as a new parent.

896
00:38:06,920 --> 00:38:09,720
Speaker 4: There's been a lot of conversation with my husband around

897
00:38:09,800 --> 00:38:12,520
Speaker 4: like how do we make these things special, Like how

898
00:38:12,600 --> 00:38:15,560
Speaker 4: now that we're parents, are we celebrating my husband's birthday

899
00:38:15,800 --> 00:38:18,080
Speaker 4: because I want Harvey to be part of that, but

900
00:38:18,160 --> 00:38:21,160
Speaker 4: I don't want it to be. Okay, Well, on dad's birthday,

901
00:38:21,160 --> 00:38:23,239
Speaker 4: we get him a gift and that's it.

902
00:38:23,600 --> 00:38:24,600
Speaker 5: So we're implementing the.

903
00:38:24,640 --> 00:38:28,160
Speaker 4: Cake thing for everybody. And I think that that's really cute.

904
00:38:28,200 --> 00:38:31,719
Speaker 4: But yeah, for me, it's about maybe stepping back and

905
00:38:31,760 --> 00:38:34,239
Speaker 4: going Is it because I feel inadequate because I know

906
00:38:34,320 --> 00:38:36,160
Speaker 4: I really want to give my kid this thing and

907
00:38:36,239 --> 00:38:40,600
Speaker 4: I can't, Or is it because they're taking the limelight?

908
00:38:40,800 --> 00:38:41,200
Speaker 5: What's that?

909
00:38:41,320 --> 00:38:43,880
Speaker 4: And also what does that limelight look like? Does it

910
00:38:43,920 --> 00:38:46,600
Speaker 4: look like they're getting the expensive present on the day

911
00:38:46,680 --> 00:38:50,560
Speaker 4: of their birthday and you're feeling a little bit like, oh,

912
00:38:50,680 --> 00:38:53,440
Speaker 4: but you've forgotten the week after who gave it to them?

913
00:38:53,480 --> 00:38:56,160
Speaker 4: Because they got so many different birthday presents and books

914
00:38:56,160 --> 00:38:59,160
Speaker 4: and cars and toys and whatnot. And then next week

915
00:38:59,200 --> 00:39:01,759
Speaker 4: they're playing with it. You're enjoying that experience. Maybe we

916
00:39:01,800 --> 00:39:04,879
Speaker 4: need to step and do the investing mindset of when

917
00:39:04,920 --> 00:39:08,080
Speaker 4: in daubt zoomunt, like what's the bigger picture? What story

918
00:39:08,120 --> 00:39:10,719
Speaker 4: and what narrative are we teaching our kids about this,

919
00:39:11,040 --> 00:39:12,840
Speaker 4: because if Jess comes over with a present for my

920
00:39:12,920 --> 00:39:15,320
Speaker 4: kid and he's not six months old, he's a bit older.

921
00:39:15,880 --> 00:39:18,040
Speaker 4: The thing I would want Harvey to get out of

922
00:39:18,080 --> 00:39:21,520
Speaker 4: that is gratitude, Like, wow, isn't that so generous of Jess.

923
00:39:21,800 --> 00:39:23,920
Speaker 4: Isn't it so nice that she took the time to

924
00:39:23,960 --> 00:39:26,160
Speaker 4: go to the shops and think of you and pick

925
00:39:26,160 --> 00:39:29,960
Speaker 4: out a present that she thought you would love. And

926
00:39:30,080 --> 00:39:32,160
Speaker 4: I just hope that that's what he takes from it,

927
00:39:32,280 --> 00:39:34,880
Speaker 4: not like sick I got a car like I just

928
00:39:35,040 --> 00:39:39,280
Speaker 4: I wouldn't ever want him to be expectant of those presents.

929
00:39:39,320 --> 00:39:42,439
Speaker 5: So just like, wow, that's extra generous of Jess. Jess

930
00:39:42,480 --> 00:39:44,600
Speaker 5: must really love you, Like yeah, I.

931
00:39:44,520 --> 00:39:47,160
Speaker 4: Hope that that's what he gets from it. But that's me,

932
00:39:48,280 --> 00:39:50,960
Speaker 4: you know, wistfully thinking with a six month old, and

933
00:39:51,000 --> 00:39:53,440
Speaker 4: maybe when you've got a little five year old who's like, a.

934
00:39:53,719 --> 00:39:56,680
Speaker 5: Ha, Jess is the best. You're so silly, mom, Like

935
00:39:56,800 --> 00:39:59,759
Speaker 5: I'll have a different opinion, you know, did everyone else

936
00:39:59,800 --> 00:40:00,399
Speaker 5: say so?

937
00:40:00,520 --> 00:40:03,080
Speaker 4: We asked the community, would it bother you if your

938
00:40:03,160 --> 00:40:06,200
Speaker 4: in laws overshadowed your gifts? Forty four percent of you

939
00:40:06,200 --> 00:40:08,879
Speaker 4: said yep. I'm a parent, I get that fifty six

940
00:40:08,920 --> 00:40:12,080
Speaker 4: percent of you said nut wouldn't bother me. Then we asked,

941
00:40:12,120 --> 00:40:15,200
Speaker 4: if this was a problem, would you say something. Fifty

942
00:40:15,200 --> 00:40:17,840
Speaker 4: three percent of you said, yep, boundaries are really important.

943
00:40:17,880 --> 00:40:20,480
Speaker 4: Forty seven percent of you said, we're avoiding the drama.

944
00:40:21,000 --> 00:40:23,160
Speaker 4: We also then said all right, what's your two cents?

945
00:40:23,160 --> 00:40:25,279
Speaker 4: And we had a lot of different opinions, which is

946
00:40:25,280 --> 00:40:28,080
Speaker 4: not surprising. So the first comment I've pulled out is

947
00:40:28,280 --> 00:40:31,160
Speaker 4: I text both families for birthdays and Christmases, and I

948
00:40:31,239 --> 00:40:32,239
Speaker 4: just tell them what to buy.

949
00:40:32,520 --> 00:40:35,120
Speaker 6: Families probably appreciate that too, Like if someone told me

950
00:40:35,120 --> 00:40:36,919
Speaker 6: this is what the kid wants or the kid needs,

951
00:40:36,920 --> 00:40:38,719
Speaker 6: I'd be like, great less brain power for me?

952
00:40:39,239 --> 00:40:42,799
Speaker 4: Why I always ask So, like I went to I

953
00:40:42,800 --> 00:40:45,000
Speaker 4: want to say my nephew's second birthday, but it's my

954
00:40:45,080 --> 00:40:48,600
Speaker 4: best friend's son's second birthday on the weekend. I actually

955
00:40:48,680 --> 00:40:51,719
Speaker 4: had a really busy weekend, and I text her and said,

956
00:40:51,920 --> 00:40:55,160
Speaker 4: what does he need? Like I'd much prefer to buy

957
00:40:55,239 --> 00:40:57,920
Speaker 4: something that's constructive, and she was like, oh, your presence

958
00:40:58,000 --> 00:40:59,880
Speaker 4: is our present getting the pin Like I want to

959
00:41:00,160 --> 00:41:02,959
Speaker 4: this kid something. So I found something that I thought

960
00:41:03,040 --> 00:41:05,719
Speaker 4: was going to be constructive. But I'm always asking, And

961
00:41:05,719 --> 00:41:09,160
Speaker 4: I think if you're the aunt, like can you just ask, yeah,

962
00:41:09,200 --> 00:41:11,680
Speaker 4: what do you need? Like time's are tough, money is tired.

963
00:41:11,760 --> 00:41:14,800
Speaker 4: If there's a fifty dollars item that you're willing to buy,

964
00:41:15,120 --> 00:41:17,879
Speaker 4: can we make it really constructive? Like they might need

965
00:41:17,920 --> 00:41:20,279
Speaker 4: a new backpack for daycare. Oh that would be a

966
00:41:20,320 --> 00:41:22,440
Speaker 4: weight off mum and dad's shoulders. And the kid's going

967
00:41:22,520 --> 00:41:25,000
Speaker 4: to be stoked that they've got a new backpack, you know, Like, yeah,

968
00:41:25,200 --> 00:41:28,400
Speaker 4: make it constructive. The next comment we got was not

969
00:41:28,440 --> 00:41:31,600
Speaker 4: all kids value expensive gifts. Get to know your child's

970
00:41:31,640 --> 00:41:35,040
Speaker 4: love language. I feel like that's a really good thing

971
00:41:35,320 --> 00:41:38,920
Speaker 4: to remember. And again I'm having these conversations with my husband.

972
00:41:38,960 --> 00:41:42,120
Speaker 4: I'm like, Harve, you's a legit human, Like, isn't it weird?

973
00:41:42,160 --> 00:41:44,560
Speaker 4: Like he's only six months. You can't talk to us yet,

974
00:41:44,600 --> 00:41:47,960
Speaker 4: but like he's got thoughts and feelings and he likes

975
00:41:48,000 --> 00:41:50,279
Speaker 4: some things and he doesn't like other things, and like

976
00:41:50,360 --> 00:41:53,880
Speaker 4: he's not us. So like, what is your kid's love language?

977
00:41:53,920 --> 00:41:56,600
Speaker 4: Because some kids would be like, oh my god, how

978
00:41:56,640 --> 00:41:59,239
Speaker 4: great is this item? And others would be like I

979
00:41:59,320 --> 00:42:01,600
Speaker 4: really wanted to go to the park with you today and.

980
00:42:01,880 --> 00:42:03,479
Speaker 5: You just copped out. And got me a bike.

981
00:42:05,080 --> 00:42:07,440
Speaker 4: Two other comments, we've got the other end of the spectrum.

982
00:42:07,520 --> 00:42:10,480
Speaker 4: My partner's dad doesn't usually buy anything for our kids.

983
00:42:11,400 --> 00:42:14,600
Speaker 4: And someone said, take the kids camping, so when you're back,

984
00:42:14,680 --> 00:42:15,759
Speaker 4: the birthday is over and.

985
00:42:15,719 --> 00:42:22,520
Speaker 5: It's not relevant anymore. All right, take the kids to Meredith.

986
00:42:22,760 --> 00:42:24,200
Speaker 5: Someone else said this is me.

987
00:42:24,360 --> 00:42:26,560
Speaker 4: I'm the aunt who spoils the kids, and I am

988
00:42:26,600 --> 00:42:27,719
Speaker 4: not sorry about it.

989
00:42:27,880 --> 00:42:33,440
Speaker 6: Nah, fair enough. It's competition people the best art.

990
00:42:34,160 --> 00:42:36,000
Speaker 5: I'm not going to train rival you.

991
00:42:37,160 --> 00:42:41,080
Speaker 4: Someone else said presence don't last, but mum's love does, really,

992
00:42:41,239 --> 00:42:43,399
Speaker 4: and then there were a couple more so. Someone said,

993
00:42:43,440 --> 00:42:45,439
Speaker 4: I believe you can make it super special for kids

994
00:42:45,480 --> 00:42:48,760
Speaker 4: without any fancy, expensive gifts. And then the last comment

995
00:42:48,800 --> 00:42:52,239
Speaker 4: I'll share is stop comparing yourself. It's not about the

996
00:42:52,280 --> 00:42:54,600
Speaker 4: money that your in law is spent. It's actually the

997
00:42:54,680 --> 00:42:56,840
Speaker 4: thought that matters, and you can teach your kid that.

998
00:42:57,480 --> 00:43:00,520
Speaker 4: So I think that's just coming from a place of love.

999
00:43:00,560 --> 00:43:03,360
Speaker 4: And I guess that's where you know. I'm really grateful

1000
00:43:03,360 --> 00:43:05,960
Speaker 4: that people buy presents for Harvey, but I just I

1001
00:43:06,120 --> 00:43:10,319
Speaker 4: worry so much about bringing up an entitled kid. I

1002
00:43:10,360 --> 00:43:13,319
Speaker 4: don't want that, and I just I think it's really

1003
00:43:13,320 --> 00:43:15,680
Speaker 4: about the values that you instill in your kids. I'm like,

1004
00:43:15,760 --> 00:43:18,000
Speaker 4: kids aren't going to get it, Like, you know, they're

1005
00:43:18,080 --> 00:43:20,719
Speaker 4: tiny human beings and they're yeah, okay, cool, but just

1006
00:43:20,760 --> 00:43:24,440
Speaker 4: gave me hot wheels. Like, but it's that consistent messaging,

1007
00:43:24,480 --> 00:43:28,000
Speaker 4: and it's the underlying tone of like, Okay, well, let's

1008
00:43:28,040 --> 00:43:30,239
Speaker 4: thank Jess for that because that was very kind of

1009
00:43:30,320 --> 00:43:32,600
Speaker 4: Jess and all of those things that you can teach

1010
00:43:32,640 --> 00:43:35,400
Speaker 4: your kid, because yeah, it's not about the money. No,

1011
00:43:35,600 --> 00:43:37,600
Speaker 4: I don't remember any of the presents I got as

1012
00:43:37,600 --> 00:43:37,919
Speaker 4: a kid.

1013
00:43:38,000 --> 00:43:40,000
Speaker 6: You're entitled to set boundaries if you need to, but

1014
00:43:40,040 --> 00:43:42,600
Speaker 6: I think that, yeah, reframing the way you look at it,

1015
00:43:42,960 --> 00:43:45,160
Speaker 6: in my mind, is probably the way to do it. Yeah.

1016
00:43:45,280 --> 00:43:48,200
Speaker 4: And also like, does it get complicated if you block

1017
00:43:48,280 --> 00:43:50,600
Speaker 4: them from doing that and then it creates this drama?

1018
00:43:50,920 --> 00:43:52,879
Speaker 2: Yeah, I be like, oh, I'm anxious now. I don't

1019
00:43:52,880 --> 00:43:54,520
Speaker 2: know how much. I don't know what what to bring.

1020
00:43:54,560 --> 00:43:57,600
Speaker 2: I don't know how to even give the child the gifts.

1021
00:43:57,920 --> 00:44:01,239
Speaker 2: Act really not that excited or act what do I like?

1022
00:44:01,280 --> 00:44:03,560
Speaker 2: You just analyze yourself so much. If someone's like, hey,

1023
00:44:03,680 --> 00:44:05,360
Speaker 2: I don't like what you're doing here, it becomes a

1024
00:44:05,800 --> 00:44:07,799
Speaker 2: it's a whole thing, like I don't know what to

1025
00:44:07,800 --> 00:44:09,799
Speaker 2: do with my body right now, you know.

1026
00:44:09,920 --> 00:44:13,080
Speaker 4: Yeah, And they also maybe step into their shoes. Why

1027
00:44:13,120 --> 00:44:14,880
Speaker 4: are they doing that? Are they the jests of the

1028
00:44:14,920 --> 00:44:17,640
Speaker 4: family and they want to be the favorite aunt or

1029
00:44:17,680 --> 00:44:18,359
Speaker 4: are they just.

1030
00:44:18,400 --> 00:44:21,200
Speaker 5: Like, oh my gosh, Harvey's gonna love.

1031
00:44:21,080 --> 00:44:23,239
Speaker 4: This, and they just get so excited to do it,

1032
00:44:23,280 --> 00:44:25,080
Speaker 4: and then it's kind of taking the shine off. I

1033
00:44:25,120 --> 00:44:28,080
Speaker 4: don't know. I feel like both sides of the spectrum

1034
00:44:28,120 --> 00:44:29,960
Speaker 4: are valid, but I would step back when in doubt.

1035
00:44:30,040 --> 00:44:31,600
Speaker 5: Zoom out exactly, good one.

1036
00:44:31,800 --> 00:44:35,520
Speaker 4: Love it well, guys, it has been a beautiful conversation today.

1037
00:44:35,560 --> 00:44:37,839
Speaker 4: Thank you for joining me for another Friday drinks. I've

1038
00:44:37,880 --> 00:44:41,280
Speaker 4: got a fun episode coming out tomorrow and as always,

1039
00:44:41,280 --> 00:44:41,880
Speaker 4: will be back.

1040
00:44:41,760 --> 00:44:44,240
Speaker 5: Bright and early on Monday morning for our money diary.

1041
00:44:44,360 --> 00:44:46,360
Speaker 5: So have a good weekend. Guys. We love you.

1042
00:44:46,400 --> 00:44:51,680
Speaker 2: Bye, guys, bye.

1043
00:44:53,680 --> 00:44:55,120
Speaker 5: Did buy shard on ese?

1044
00:44:55,120 --> 00:44:57,360
Speaker 4: On the Money is generally in nature and does not

1045
00:44:57,520 --> 00:45:01,880
Speaker 4: consider your individual circumstances. On the Money exists purely for

1046
00:45:02,040 --> 00:45:04,920
Speaker 4: educational purposes and should not be relied upon to make

1047
00:45:04,920 --> 00:45:08,200
Speaker 4: an investment or financial decision. If you do choose to

1048
00:45:08,200 --> 00:45:11,480
Speaker 4: buy a financial product, read the PDS TMD and obtain

1049
00:45:11,560 --> 00:45:13,319
Speaker 4: appropriate financial advice.

1050
00:45:13,040 --> 00:45:14,400
Speaker 5: Tailored towards your needs.

1051
00:45:14,760 --> 00:45:18,720
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

1052
00:45:18,760 --> 00:45:22,879
Speaker 4: of Money Sherper Pty Ltd ABN three two one six

1053
00:45:22,960 --> 00:45:26,839
Speaker 4: four nine two seven seven zero eight AFSL four five

1054
00:45:26,920 --> 00:45:28,120
Speaker 4: one two eight nine