1
00:00:00,200 --> 00:00:02,960
Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations

2
00:00:03,000 --> 00:00:07,280
Speaker 1: woman and I'm here to acknowledge country t Glenn Young

3
00:00:07,320 --> 00:00:11,400
Speaker 1: Ganya Niana, kaka ya Ya bin Ahaka nian Ar gay

4
00:00:11,440 --> 00:00:17,160
Speaker 1: In Nimbina yakarum jar dominyamiga Umagahawakaman damon imlan Wumba bang

5
00:00:17,160 --> 00:00:22,439
Speaker 1: Gadabomba in and now in wakah ghana on yakraum jar Watnadaa. Hello,

6
00:00:22,480 --> 00:00:25,920
Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

7
00:00:26,360 --> 00:00:29,000
Speaker 1: We thank I acknowledge and respect the Aberiginal people's land

8
00:00:29,040 --> 00:00:31,560
Speaker 1: that we're gathering on today. Take pleasure in all the

9
00:00:31,640 --> 00:00:35,040
Speaker 1: land and respect all that you see. She's on the

10
00:00:35,080 --> 00:00:41,360
Speaker 1: Money podcast acknowledges culture, country, community and connections, bringing you

11
00:00:41,479 --> 00:00:44,560
Speaker 1: the tools, knowledge and resources for you to thrive.

12
00:00:45,080 --> 00:00:47,840
Speaker 2: She's on the Money. She's on the Money.

13
00:01:07,959 --> 00:01:10,800
Speaker 3: Hello and welcome to She's on the Money, the podcast

14
00:01:10,840 --> 00:01:14,720
Speaker 3: that makes personal finance fun, especially on Fridays. It is

15
00:01:14,840 --> 00:01:16,720
Speaker 3: our favorite day of the week because I get to

16
00:01:16,760 --> 00:01:20,399
Speaker 3: get my team together and celebrate you our incredible She's

17
00:01:20,480 --> 00:01:24,480
Speaker 3: on the Money. Community is Jess Garricky's That sounds weird.

18
00:01:24,600 --> 00:01:25,600
Speaker 2: I can't say it that way.

19
00:01:26,280 --> 00:01:28,279
Speaker 3: That's how you say it when you're just normally talking.

20
00:01:28,520 --> 00:01:30,160
Speaker 3: That's how the people want me to say it. I

21
00:01:30,240 --> 00:01:34,080
Speaker 3: can't do that enough. Just Reach is going to be

22
00:01:34,160 --> 00:01:36,959
Speaker 3: sharing our favorite money wins. Miss beck Sayeed is back

23
00:01:37,040 --> 00:01:39,200
Speaker 3: and she's going to be sharing her broke tips, and

24
00:01:39,240 --> 00:01:41,440
Speaker 3: we're going to be helping to answer a juicy money

25
00:01:41,520 --> 00:01:45,039
Speaker 3: dilemma about whether you should be salary sacrificing into your

26
00:01:45,120 --> 00:01:48,400
Speaker 3: super or focusing on other goals. And something that you

27
00:01:48,520 --> 00:01:52,360
Speaker 3: slid into our DMS about a spicy sibling drama about

28
00:01:52,400 --> 00:01:56,800
Speaker 3: your sister getting money that isn't being given to you. Oh,

29
00:01:57,920 --> 00:02:00,720
Speaker 3: I just have thoughts and feelings. I believe values about

30
00:02:00,720 --> 00:02:01,040
Speaker 3: that one.

31
00:02:01,760 --> 00:02:01,960
Speaker 4: I do.

32
00:02:02,120 --> 00:02:03,800
Speaker 3: I do, and I can't wait to get there. But

33
00:02:03,880 --> 00:02:08,880
Speaker 3: before we get there, my friend's team question from the community. Yeah,

34
00:02:09,680 --> 00:02:11,799
Speaker 3: I got to ask you a question, but they have

35
00:02:11,960 --> 00:02:15,440
Speaker 3: been rolling in hot and heavy. Apparently the community have

36
00:02:15,520 --> 00:02:17,799
Speaker 3: a lot of questions for you guys, And if you

37
00:02:17,919 --> 00:02:20,400
Speaker 3: didn't listen to last week's show, I've started a new

38
00:02:20,480 --> 00:02:22,560
Speaker 3: segment and instead of saying to my team, how are you,

39
00:02:23,120 --> 00:02:26,079
Speaker 3: I say, hey, here's a question from our community, and

40
00:02:26,200 --> 00:02:29,000
Speaker 3: I don't give them any warning. Yes, it's my favorite

41
00:02:29,040 --> 00:02:31,400
Speaker 3: part about it. So I've been putting out a call

42
00:02:31,520 --> 00:02:34,160
Speaker 3: for all your burning questions for jess and Beck and

43
00:02:34,280 --> 00:02:37,000
Speaker 3: I might even get involved sometimes, and they've been rolling in.

44
00:02:37,200 --> 00:02:39,600
Speaker 3: So this week's question is from our friend Grace, and

45
00:02:39,760 --> 00:02:42,880
Speaker 3: Grace wants to know what is your best second hand

46
00:02:42,960 --> 00:02:46,360
Speaker 3: slash op shop slash marketplace find that you have found

47
00:02:46,440 --> 00:02:48,120
Speaker 3: in the last twelve months and how much money did

48
00:02:48,160 --> 00:02:50,960
Speaker 3: it cost. I just thought this was a good one,

49
00:02:51,000 --> 00:02:54,120
Speaker 3: because good one, Beck, the Queen of Marketplace, is actually

50
00:02:54,200 --> 00:02:55,440
Speaker 3: Miss Jessica Rich.

51
00:02:56,840 --> 00:02:57,360
Speaker 2: Marketplace.

52
00:02:57,440 --> 00:02:58,280
Speaker 3: Fine, I'm trying.

53
00:02:58,360 --> 00:03:01,600
Speaker 5: I've had some good like fun this year, but I

54
00:03:01,720 --> 00:03:04,480
Speaker 5: still think my best find it has not been in

55
00:03:04,520 --> 00:03:06,040
Speaker 5: the last twelve months. I when to say, anyway, it

56
00:03:06,160 --> 00:03:10,120
Speaker 5: was my I've got a full dinner set from in

57
00:03:10,200 --> 00:03:14,440
Speaker 5: the Roundhouse, like pieces, sixteen pieces, how many pieces it is,

58
00:03:15,000 --> 00:03:17,160
Speaker 5: And I wanted this specific that they do these beautiful

59
00:03:17,240 --> 00:03:19,960
Speaker 5: scollop plates for anyone who doesn't know. And there were

60
00:03:20,000 --> 00:03:22,400
Speaker 5: two colors that I really wanted. I still want the

61
00:03:22,440 --> 00:03:24,440
Speaker 5: pink and then there's like a white with a red trim.

62
00:03:25,160 --> 00:03:28,400
Speaker 5: And I found the exact set that I wanted for

63
00:03:29,280 --> 00:03:31,520
Speaker 5: one hundred and twenty dollars. When I think full price

64
00:03:31,560 --> 00:03:33,839
Speaker 5: they retail for about two hundred and fifty.

65
00:03:33,720 --> 00:03:36,680
Speaker 2: Oh in the box, every single piece.

66
00:03:37,040 --> 00:03:39,200
Speaker 5: The original listing said that it was missing the platter,

67
00:03:39,240 --> 00:03:40,360
Speaker 5: and I was like, oh, that's fine, I don't need

68
00:03:40,400 --> 00:03:42,240
Speaker 5: the platter. And then when I got it, the platter

69
00:03:42,360 --> 00:03:44,000
Speaker 5: was in there. So I don't know what happened, but

70
00:03:44,800 --> 00:03:47,280
Speaker 5: literally just thought it was a large plate. Maybe maybe

71
00:03:47,720 --> 00:03:49,880
Speaker 5: lucky gal energy was with me because I've been hunting

72
00:03:49,960 --> 00:03:50,440
Speaker 5: for that thing.

73
00:03:51,040 --> 00:03:52,520
Speaker 2: Goes, how about you?

74
00:03:52,960 --> 00:03:54,880
Speaker 6: Well, this is the thing is that I really am

75
00:03:54,960 --> 00:03:58,440
Speaker 6: into metal at the moment, like functional metal, not TACKI metal.

76
00:03:58,520 --> 00:04:01,440
Speaker 6: That's like because metals kind of in for like decor

77
00:04:01,480 --> 00:04:02,440
Speaker 6: I'm talking about.

78
00:04:02,240 --> 00:04:08,800
Speaker 2: It's kind of in right imagining, like yes, you are

79
00:04:09,040 --> 00:04:09,680
Speaker 2: so cute.

80
00:04:09,760 --> 00:04:10,520
Speaker 5: What do you do that?

81
00:04:10,680 --> 00:04:12,720
Speaker 2: It's like okay, you've never been to.

82
00:04:14,640 --> 00:04:18,440
Speaker 6: And that's okay, but no, like you know, like a

83
00:04:18,560 --> 00:04:21,480
Speaker 6: metal teapot or something that like, yes, I see, yeah

84
00:04:21,480 --> 00:04:23,960
Speaker 6: it was made that way to begin with, like years ago,

85
00:04:24,120 --> 00:04:26,560
Speaker 6: because that's kind of the only resource we had, and

86
00:04:26,720 --> 00:04:29,080
Speaker 6: like I'm really into that stuff, and so like finding

87
00:04:29,120 --> 00:04:31,600
Speaker 6: that now from like older people who don't realize how

88
00:04:31,800 --> 00:04:34,360
Speaker 6: cool it is. And so I found this like fruit

89
00:04:34,400 --> 00:04:37,080
Speaker 6: bowl that is it's not gonna make sense right now,

90
00:04:37,120 --> 00:04:40,560
Speaker 6: but it's like metal, and it like it goes upward

91
00:04:40,800 --> 00:04:42,560
Speaker 6: and it just it's almost like a palm.

92
00:04:43,080 --> 00:04:46,000
Speaker 2: It's almost like fingers are holding It's just it was

93
00:04:46,080 --> 00:04:48,640
Speaker 2: ten dollars because no one knows that this stuff is

94
00:04:48,720 --> 00:04:49,280
Speaker 2: so cool.

95
00:04:49,560 --> 00:04:51,520
Speaker 6: I shouldn't be saying it on here because if it's

96
00:04:51,560 --> 00:04:54,200
Speaker 6: like old, you've barely used it. It's from like the

97
00:04:54,279 --> 00:04:57,640
Speaker 6: nineteen seventies. It's like a metal fruit bowl that is

98
00:04:57,960 --> 00:05:00,000
Speaker 6: so cool and I really want to get my hands

99
00:05:00,120 --> 00:05:00,520
Speaker 6: it anyway.

100
00:05:00,600 --> 00:05:01,760
Speaker 2: That I just found that the other day.

101
00:05:02,800 --> 00:05:04,880
Speaker 6: But the greatest thing about the stories that I realized

102
00:05:04,880 --> 00:05:08,000
Speaker 6: that we have a suburb called Dallas in Melbourne and

103
00:05:08,240 --> 00:05:11,960
Speaker 6: where I picked it up from, and that's my favorite buy.

104
00:05:12,279 --> 00:05:15,320
Speaker 2: That's so good. It was really cool. So metal.

105
00:05:15,440 --> 00:05:18,600
Speaker 3: Okay, so this is really niche and you're going to

106
00:05:18,640 --> 00:05:21,960
Speaker 3: be like, what the hell, Victoria, I'm really excited about it.

107
00:05:22,120 --> 00:05:25,960
Speaker 3: So maybe like three or four months ago, I just

108
00:05:26,160 --> 00:05:30,040
Speaker 3: had this flashback memory of an egg maker that I

109
00:05:30,240 --> 00:05:32,960
Speaker 3: had when I still lived at home. I haven't lived

110
00:05:32,960 --> 00:05:35,720
Speaker 3: at home for like ages now, like I moved out

111
00:05:35,720 --> 00:05:38,200
Speaker 3: when I was eighteen, and I remember being like I

112
00:05:38,320 --> 00:05:42,040
Speaker 3: had this it was a Sunbeam egg cooker. The bottom

113
00:05:42,160 --> 00:05:44,520
Speaker 3: was white, the top was like a yellow, kind of

114
00:05:44,640 --> 00:05:47,960
Speaker 3: like completely like transparent yellow. It has little chicken feet.

115
00:05:48,880 --> 00:05:51,480
Speaker 3: And it was by Sunbeam and it was like a

116
00:05:51,560 --> 00:05:54,160
Speaker 3: snack series thing, so it was like novel tea right,

117
00:05:54,720 --> 00:05:58,560
Speaker 3: And inside it it had these cups and you could

118
00:05:58,680 --> 00:06:02,920
Speaker 3: poach three eggs without any like you would fill the

119
00:06:02,960 --> 00:06:05,880
Speaker 3: base with water, poached the three eggs. If people are listening,

120
00:06:05,920 --> 00:06:08,440
Speaker 3: and this triggers a memory, oh my god, it was

121
00:06:08,560 --> 00:06:12,120
Speaker 3: so good anyway, So it was this egg poacher thing, right,

122
00:06:12,520 --> 00:06:15,760
Speaker 3: and when the eggs are ready, the little egg chirps,

123
00:06:15,920 --> 00:06:17,680
Speaker 3: and I was like, oh my god, that would be

124
00:06:17,839 --> 00:06:20,680
Speaker 3: so helpful nowadays, because like my son eats a lot

125
00:06:20,720 --> 00:06:23,120
Speaker 3: of eggs. I also low key loved that. I ate

126
00:06:23,160 --> 00:06:24,440
Speaker 3: a lot of eggs. And I was like, I wonder

127
00:06:24,440 --> 00:06:26,080
Speaker 3: if you can still buy it. I Google, you cannot

128
00:06:26,080 --> 00:06:27,760
Speaker 3: buy that. You can buy egg poaches. They are a

129
00:06:27,800 --> 00:06:30,040
Speaker 3: lot more fancy, They're a lot more durable. This thing

130
00:06:30,160 --> 00:06:33,839
Speaker 3: is like quite little, right, like smaller than a football.

131
00:06:33,960 --> 00:06:36,520
Speaker 3: Good for storage, good yeah, good for the covered. So

132
00:06:36,560 --> 00:06:38,120
Speaker 3: I'm like, oh my god, I need to find this,

133
00:06:38,360 --> 00:06:40,880
Speaker 3: and so I looked on marketplace. Absolutely not like this

134
00:06:41,000 --> 00:06:43,800
Speaker 3: thing is more than fifteen years old, like not a thing.

135
00:06:43,839 --> 00:06:44,279
Speaker 2: Oh wow.

136
00:06:44,600 --> 00:06:48,680
Speaker 3: And then because I'd searched it Marketplace recommended, when one

137
00:06:48,839 --> 00:06:51,320
Speaker 3: popped up, said you might like you know, it's like

138
00:06:51,480 --> 00:06:54,360
Speaker 3: it sends you like listings. Anyway, Robert in New South

139
00:06:54,400 --> 00:06:57,919
Speaker 3: Wales was selling one for fifteen dollars new in box.

140
00:06:58,160 --> 00:07:00,320
Speaker 3: He'd pulled it out when he moved house. He had

141
00:07:00,440 --> 00:07:03,159
Speaker 3: never used it. It came with the novelty egg cups.

142
00:07:03,839 --> 00:07:06,400
Speaker 3: And I messaged him so quick. I was like, Hi, Robert,

143
00:07:06,640 --> 00:07:09,280
Speaker 3: miss me. It's me. I'll buy this from you, but

144
00:07:09,520 --> 00:07:12,080
Speaker 3: I'm happy to pay whatever in shipping you're in New

145
00:07:12,160 --> 00:07:13,880
Speaker 3: South Wales And he was like, oh, I'll just go

146
00:07:13,960 --> 00:07:17,080
Speaker 3: to the post office. Ten dollars eighty later it was

147
00:07:17,240 --> 00:07:19,840
Speaker 3: shipped to my house by Robert, who looked like he

148
00:07:20,040 --> 00:07:24,160
Speaker 3: joined Facebook before it existed. And I've got my egg poacher.

149
00:07:24,480 --> 00:07:25,760
Speaker 2: Ah, that is real.

150
00:07:26,000 --> 00:07:27,800
Speaker 3: That is my favorite thing. And I think it cost

151
00:07:27,920 --> 00:07:32,960
Speaker 3: me about thirty dollars in total. That's so cool, vintch

152
00:07:33,040 --> 00:07:34,960
Speaker 3: find that's so fun. I'll post a picture of it

153
00:07:35,040 --> 00:07:37,680
Speaker 3: online because it's actually like the cutest thing ever. But

154
00:07:37,800 --> 00:07:40,360
Speaker 3: it was like in this series that had the egg Poacher,

155
00:07:40,800 --> 00:07:44,000
Speaker 3: there was like a fairy floss machine was a I

156
00:07:44,040 --> 00:07:46,040
Speaker 3: think I had the fairy popcorn maker.

157
00:07:46,280 --> 00:07:47,400
Speaker 2: Yeah, yeah, sounds familiar.

158
00:07:47,600 --> 00:07:49,400
Speaker 6: Yeah, And don't sleep on gum tree because a lot

159
00:07:49,440 --> 00:07:51,120
Speaker 6: of those things are probably on gum tree because people

160
00:07:51,160 --> 00:07:54,200
Speaker 6: who don't realize marketplaces a thing are the same type

161
00:07:54,240 --> 00:07:56,320
Speaker 6: of people selling these old school things.

162
00:07:56,520 --> 00:07:56,800
Speaker 1: True.

163
00:07:56,880 --> 00:07:59,880
Speaker 3: What a fun confo So yeah, anyway, I'm glad that

164
00:08:00,160 --> 00:08:02,240
Speaker 3: Grace's burning question because I got to tell you guys

165
00:08:02,280 --> 00:08:05,520
Speaker 3: about my egg poacher. You are welcome. I want to

166
00:08:05,560 --> 00:08:07,720
Speaker 3: get further into the show, though. Before we get there,

167
00:08:07,880 --> 00:08:11,720
Speaker 3: it is time for a five star review? Amazing Are

168
00:08:11,800 --> 00:08:14,880
Speaker 3: you ready ready? This one says just lots of love

169
00:08:15,120 --> 00:08:19,280
Speaker 3: five stars from Chloe jan long term listener here, smiley face.

170
00:08:19,360 --> 00:08:21,200
Speaker 3: It just wanted to write a review to show my

171
00:08:21,280 --> 00:08:24,600
Speaker 3: appreciation for your hard work and really solid financial advice.

172
00:08:24,920 --> 00:08:27,240
Speaker 3: I've taken on many of your strategies over the years.

173
00:08:27,640 --> 00:08:31,040
Speaker 3: A special mention to Beck sayed though the more I

174
00:08:31,160 --> 00:08:33,319
Speaker 3: listen to the podcast to the more my love for

175
00:08:33,480 --> 00:08:38,719
Speaker 3: her gross. She's so genuine, so vulnerable about her own finances.

176
00:08:39,200 --> 00:08:41,679
Speaker 3: Thank you for being so giving with your experience. It

177
00:08:41,840 --> 00:08:45,120
Speaker 3: ensures that everyone listening feels heard and seen. No matter

178
00:08:45,200 --> 00:08:48,400
Speaker 3: where they are on their financial journey. It also sounds

179
00:08:48,480 --> 00:08:50,520
Speaker 3: just like a really cool person. Smiley face.

180
00:08:52,080 --> 00:08:54,800
Speaker 2: So yes, thank you, thank you so much. Da, It's

181
00:08:54,840 --> 00:08:57,040
Speaker 2: so nice. Oh my god, you actually read my heart reach.

182
00:08:57,160 --> 00:08:59,400
Speaker 3: I love the addition of you actually sound like a

183
00:08:59,440 --> 00:09:04,600
Speaker 3: really cool person. She is, I'll ever be Ever, that's

184
00:09:04,679 --> 00:09:05,199
Speaker 3: not true.

185
00:09:06,040 --> 00:09:07,960
Speaker 2: That's you're true.

186
00:09:09,240 --> 00:09:11,920
Speaker 3: That are just inherently cool. I've got to try to

187
00:09:12,000 --> 00:09:14,160
Speaker 3: be cool. And even then my sister's like, sit.

188
00:09:14,559 --> 00:09:17,640
Speaker 2: That's not true, Victoria. I would, I would say, you're

189
00:09:17,679 --> 00:09:19,320
Speaker 2: call to the core.

190
00:09:19,640 --> 00:09:23,520
Speaker 3: But moving on, tell me more about the community, miss Jessegarich.

191
00:09:24,280 --> 00:09:26,760
Speaker 3: When it comes to community, money, wins and confessions, what

192
00:09:26,840 --> 00:09:27,880
Speaker 3: are you bringing to the table?

193
00:09:27,920 --> 00:09:30,000
Speaker 5: All right? First of this week, Amanda has the money

194
00:09:30,040 --> 00:09:32,000
Speaker 5: when she went out for dinner and found a pub

195
00:09:32,040 --> 00:09:33,280
Speaker 5: where kids eat free.

196
00:09:33,520 --> 00:09:37,200
Speaker 3: Okay, that is a good deal. In twenty twenty four, thirty.

197
00:09:37,000 --> 00:09:39,120
Speaker 4: Two dollars in kids meals, which included a drink and

198
00:09:39,160 --> 00:09:39,640
Speaker 4: ice cream.

199
00:09:39,880 --> 00:09:41,280
Speaker 2: What sign me up for that?

200
00:09:42,840 --> 00:09:45,760
Speaker 3: Yes, here's a point. Can you go? Oh just gives

201
00:09:45,800 --> 00:09:46,360
Speaker 3: me all thanks.

202
00:09:46,440 --> 00:09:50,839
Speaker 5: I'm really young, amoside. I promise I am not yet mature. Next,

203
00:09:50,880 --> 00:09:52,880
Speaker 5: I've got a money win from Anya, he said, money win.

204
00:09:52,960 --> 00:09:56,400
Speaker 5: I hit ten thousand dollars invested between Chersias and Vanguard,

205
00:09:56,640 --> 00:09:59,760
Speaker 5: She's hit five. I know she would have imagined that

206
00:09:59,840 --> 00:10:02,160
Speaker 5: she could do that with savings aside too.

207
00:10:02,440 --> 00:10:05,720
Speaker 3: That's going to be soon. I know you're a huge progress.

208
00:10:05,800 --> 00:10:07,640
Speaker 3: Beck has just hit more than one thousand dollars.

209
00:10:07,840 --> 00:10:09,120
Speaker 2: That's amazing.

210
00:10:10,160 --> 00:10:10,480
Speaker 3: Energy.

211
00:10:11,520 --> 00:10:12,520
Speaker 2: Sorry, who was.

212
00:10:12,559 --> 00:10:15,000
Speaker 3: Going to say, oh, miss Beck sayed has more than

213
00:10:15,040 --> 00:10:18,520
Speaker 3: a thousand dollars invested in less than twelve months. Crazy,

214
00:10:19,360 --> 00:10:22,880
Speaker 3: but she's rich now, I guess you could say that, yeah,

215
00:10:22,960 --> 00:10:23,600
Speaker 3: one hundred percent.

216
00:10:24,440 --> 00:10:25,080
Speaker 2: Well done.

217
00:10:25,280 --> 00:10:26,839
Speaker 5: Next, I've got a money win from Ballot, who said

218
00:10:26,840 --> 00:10:29,320
Speaker 5: she hit her emergency savings goal this week. She's been

219
00:10:29,400 --> 00:10:32,319
Speaker 5: pouring every extra dollar she has in since January and

220
00:10:32,520 --> 00:10:35,600
Speaker 5: finally reached three months of her earnings set aside.

221
00:10:35,760 --> 00:10:36,640
Speaker 2: Incredible, people are.

222
00:10:36,559 --> 00:10:38,000
Speaker 4: Kicking goals towards the into the year.

223
00:10:38,080 --> 00:10:39,080
Speaker 2: Well done, totally.

224
00:10:39,360 --> 00:10:41,120
Speaker 5: Next, I've got a money win from Renee who said

225
00:10:41,200 --> 00:10:44,160
Speaker 5: she invested in three bee hives and now she has

226
00:10:44,200 --> 00:10:45,760
Speaker 5: a side hustle selling honey.

227
00:10:46,280 --> 00:10:49,520
Speaker 4: And she provided us a video of said honey.

228
00:10:49,480 --> 00:10:50,520
Speaker 2: It looks very beautiful.

229
00:10:50,679 --> 00:10:54,199
Speaker 3: Very that is so wholesome. I know, last week we

230
00:10:54,320 --> 00:10:56,800
Speaker 3: were talking about cows. This week we're talking about getting

231
00:10:56,880 --> 00:11:00,320
Speaker 3: bees sleeping. I just do you guys want to get farm?

232
00:11:00,440 --> 00:11:01,800
Speaker 2: I was loved nothing more.

233
00:11:01,920 --> 00:11:02,480
Speaker 4: Yeah, I like that.

234
00:11:02,640 --> 00:11:04,000
Speaker 3: Yeah chickens. Can we get duck?

235
00:11:04,080 --> 00:11:04,240
Speaker 4: Yeah?

236
00:11:04,240 --> 00:11:05,840
Speaker 3: Absolutely, I really want a pet duck.

237
00:11:06,080 --> 00:11:06,719
Speaker 2: We can get ducks.

238
00:11:06,920 --> 00:11:07,640
Speaker 3: You are really cool.

239
00:11:08,600 --> 00:11:10,360
Speaker 5: Last of this week, I've got a money winter from Tests,

240
00:11:10,360 --> 00:11:12,720
Speaker 5: who said she was looking at new light fittings last

241
00:11:12,760 --> 00:11:15,400
Speaker 5: week on Temple and Webster. They were ninety nine dollars each.

242
00:11:15,800 --> 00:11:17,640
Speaker 5: She looked again this morning after putting a bit of

243
00:11:17,679 --> 00:11:19,560
Speaker 5: time between her and her spending, and they were reduced

244
00:11:19,720 --> 00:11:22,599
Speaker 5: to seventy nine dollars. She said she'll be saving approximately

245
00:11:22,640 --> 00:11:24,760
Speaker 5: sixty dollars across all of the lights that she has

246
00:11:24,840 --> 00:11:27,559
Speaker 5: to buy, which is proof that resisting impulse buying is

247
00:11:27,679 --> 00:11:28,480
Speaker 5: a good thing.

248
00:11:29,080 --> 00:11:32,000
Speaker 6: Gorgeous, well done, Tests, Yes, good twenty four hour trick.

249
00:11:32,040 --> 00:11:33,240
Speaker 4: It always works, that's it.

250
00:11:33,400 --> 00:11:34,240
Speaker 2: Which will be very.

251
00:11:34,200 --> 00:11:36,480
Speaker 3: Very proud of you one thousand percent. But you know

252
00:11:36,559 --> 00:11:39,839
Speaker 3: what else I want, Miss becsay Ed's broke tips, and

253
00:11:39,960 --> 00:11:40,599
Speaker 3: I give those to you.

254
00:11:40,720 --> 00:11:41,600
Speaker 2: I give it to you right now.

255
00:11:41,720 --> 00:11:42,880
Speaker 3: Oh, look at her coming up.

256
00:11:43,120 --> 00:11:44,760
Speaker 2: Okay, So this.

257
00:11:44,880 --> 00:11:47,040
Speaker 6: First one comes from Francis, who says the way I

258
00:11:47,120 --> 00:11:49,240
Speaker 6: save money on growthries is by having a three week

259
00:11:49,360 --> 00:11:51,839
Speaker 6: roster on a white board in my kitchen with twenty

260
00:11:51,880 --> 00:11:56,160
Speaker 6: one dinners Blue week, Red week, Green week, then we

261
00:11:56,320 --> 00:11:58,920
Speaker 6: cycle back to the start. This means I have my

262
00:11:59,040 --> 00:12:01,760
Speaker 6: shopping list prepped ahead of time, and I always know

263
00:12:01,840 --> 00:12:03,320
Speaker 6: what I need to buy, so I can get extra

264
00:12:03,440 --> 00:12:05,679
Speaker 6: when things are on special, being confident that it will

265
00:12:05,720 --> 00:12:08,480
Speaker 6: get used and there is not going to be any wasted.

266
00:12:08,640 --> 00:12:09,839
Speaker 3: That's actually so smart.

267
00:12:10,000 --> 00:12:11,839
Speaker 6: And the next one comes from Ness who says, I

268
00:12:11,920 --> 00:12:14,400
Speaker 6: take my tod the Taikia for a fun morning out.

269
00:12:14,720 --> 00:12:16,440
Speaker 6: A lot of the rooms are set up for pretend

270
00:12:16,520 --> 00:12:19,640
Speaker 6: play for kids. Also meals half priced on Fridays and

271
00:12:19,760 --> 00:12:22,760
Speaker 6: already so cheap anyway, there was also a free place

272
00:12:22,800 --> 00:12:24,880
Speaker 6: center for kids at the front of the store with little.

273
00:12:24,720 --> 00:12:26,360
Speaker 2: Play kitchens and soft toys.

274
00:12:27,280 --> 00:12:29,480
Speaker 3: That's a great I know. That's actually wish that she'd

275
00:12:29,559 --> 00:12:32,040
Speaker 3: reminded me of that, not in November, but more like

276
00:12:32,200 --> 00:12:34,360
Speaker 3: in June when it started raining and I didn't know

277
00:12:34,440 --> 00:12:36,360
Speaker 3: what to do with my crazy eighteen months off.

278
00:12:36,520 --> 00:12:38,920
Speaker 2: Yeah, that's it, but free.

279
00:12:39,440 --> 00:12:42,360
Speaker 4: Totally occupy your home, loving thirty one year old friend.

280
00:12:42,440 --> 00:12:45,480
Speaker 2: Did I care for many hours on the weekend.

281
00:12:45,520 --> 00:12:47,880
Speaker 3: I'll be swinging past Jess's place picking her up, and

282
00:12:47,960 --> 00:12:49,640
Speaker 3: her and Harvey are having a play date and I

283
00:12:49,760 --> 00:12:52,800
Speaker 3: care he's going to crawl around and she's a cart.

284
00:12:53,640 --> 00:12:55,720
Speaker 6: Just a really quick mantion. Nessays that she did end

285
00:12:55,800 --> 00:12:58,240
Speaker 6: up buying the Gigantic Bear, which I always always you

286
00:12:58,280 --> 00:13:01,360
Speaker 6: guys know that big brown bear. It is so hard

287
00:13:01,559 --> 00:13:03,719
Speaker 6: to walk away from it. Yeah, one thousand percent. And

288
00:13:03,840 --> 00:13:05,760
Speaker 6: anytime you go, I think Jess is on the same

289
00:13:05,800 --> 00:13:06,280
Speaker 6: page as me.

290
00:13:06,440 --> 00:13:09,600
Speaker 3: But anytime you go to Ikea, you must take home

291
00:13:09,720 --> 00:13:12,920
Speaker 3: a bag of frozen meat balls. Yes, they're mashed potato,

292
00:13:13,240 --> 00:13:16,640
Speaker 3: they're like sauce, and they're gravy. Because nothing hits different

293
00:13:16,880 --> 00:13:20,520
Speaker 3: than Ikea Swedish meat balls. They're actually really budget friendly

294
00:13:20,640 --> 00:13:23,559
Speaker 3: as well. And sorry, quick meal from the freezer, we

295
00:13:23,679 --> 00:13:26,120
Speaker 3: love it. Gorgeous Ikea meal prepping sligh.

296
00:13:26,800 --> 00:13:29,520
Speaker 2: Maybe we'll get some of those today. So this next

297
00:13:29,559 --> 00:13:30,120
Speaker 2: one comes from me.

298
00:13:30,320 --> 00:13:32,479
Speaker 6: When you book a holiday, you have flights in accommodation

299
00:13:32,559 --> 00:13:34,439
Speaker 6: and you have to change your plans at the last minute,

300
00:13:34,640 --> 00:13:37,960
Speaker 6: and there's like, you know, you can't get refund YadA, YadA, YadA,

301
00:13:38,520 --> 00:13:39,920
Speaker 6: you lose your money.

302
00:13:40,040 --> 00:13:41,000
Speaker 3: So bad deal.

303
00:13:41,120 --> 00:13:43,720
Speaker 2: Money is bad. That's bad. It's bad. That's like losing

304
00:13:43,760 --> 00:13:44,480
Speaker 2: money in this house.

305
00:13:44,640 --> 00:13:48,960
Speaker 6: But there's actually a website like Transferred Travel, spare Fare,

306
00:13:49,440 --> 00:13:53,200
Speaker 6: and cancelo that are basically secondhand marketplaces for travel.

307
00:13:53,240 --> 00:13:57,520
Speaker 2: So if you're someone looking for like a cheap travel situation,

308
00:13:58,400 --> 00:13:59,120
Speaker 2: or you're someone.

309
00:13:58,960 --> 00:14:01,760
Speaker 6: Who needs to sell the travel plan, yeah, then it's

310
00:14:01,840 --> 00:14:03,800
Speaker 6: like you just get to buy someone else's holiday for

311
00:14:03,880 --> 00:14:06,520
Speaker 6: a lot cheaper. So you can list your unwanted holidays

312
00:14:06,720 --> 00:14:08,679
Speaker 6: and recoup some of the costs, or you can buy

313
00:14:08,720 --> 00:14:10,480
Speaker 6: other people's holidays and its counting.

314
00:14:11,320 --> 00:14:13,360
Speaker 2: That is very clever, so genius.

315
00:14:13,760 --> 00:14:14,080
Speaker 3: How do you.

316
00:14:14,120 --> 00:14:15,840
Speaker 4: Transfer things into somebody else's name?

317
00:14:16,160 --> 00:14:17,120
Speaker 3: I actually don't know.

318
00:14:17,400 --> 00:14:18,040
Speaker 2: I think you had to.

319
00:14:18,040 --> 00:14:19,080
Speaker 3: Pay to teach you.

320
00:14:19,720 --> 00:14:22,920
Speaker 2: Yeah, but accommodation or something. Yeah, it's fine.

321
00:14:22,920 --> 00:14:24,080
Speaker 3: I don't know how it works, but do you know

322
00:14:24,160 --> 00:14:26,760
Speaker 3: what it reminds me of. This was actually a trip

323
00:14:26,800 --> 00:14:28,240
Speaker 3: that Jess and I were meant to go on to

324
00:14:28,360 --> 00:14:31,640
Speaker 3: Sydney a while ago, just for work, and then something

325
00:14:31,760 --> 00:14:33,960
Speaker 3: came up really last minute, and we were like, we

326
00:14:34,080 --> 00:14:35,480
Speaker 3: have to cancel that because we've got to do this

327
00:14:35,600 --> 00:14:38,200
Speaker 3: other thing. And I was reading the terms and conditions

328
00:14:38,240 --> 00:14:39,880
Speaker 3: of the hotel that we were going to stay at

329
00:14:39,920 --> 00:14:42,080
Speaker 3: and it said no cancelations. With less than forty eight

330
00:14:42,120 --> 00:14:44,600
Speaker 3: hours notice. And I was like, ah, like you would

331
00:14:44,720 --> 00:14:46,960
Speaker 3: like fourfeit all of it, and this is probably going

332
00:14:47,000 --> 00:14:48,960
Speaker 3: to make me look like a really dodgy human being.

333
00:14:49,120 --> 00:14:53,000
Speaker 3: But I mean, if it helps you and it helped me,

334
00:14:53,520 --> 00:14:56,360
Speaker 3: does that really mean that I'm dodgy? So I didn't

335
00:14:56,400 --> 00:14:59,440
Speaker 3: cancel it. I called them up and then I picked

336
00:14:59,480 --> 00:15:01,600
Speaker 3: a random day, like two months in advance, and say, hey,

337
00:15:01,680 --> 00:15:05,000
Speaker 3: can I just move my booking? And then they said yes,

338
00:15:05,120 --> 00:15:06,640
Speaker 3: and they were really nice about it. And then I

339
00:15:06,760 --> 00:15:08,880
Speaker 3: called back the next day and I canceled the book here.

340
00:15:09,640 --> 00:15:13,360
Speaker 3: That's genius, and they gave me a full refund with

341
00:15:13,520 --> 00:15:15,800
Speaker 3: no questions lasked. I just had my fingers crossed that

342
00:15:15,840 --> 00:15:18,040
Speaker 3: it was a different girl on reception perfect.

343
00:15:18,280 --> 00:15:19,000
Speaker 2: That's genius.

344
00:15:19,080 --> 00:15:21,000
Speaker 3: But yeah, that worked. So if it says like less

345
00:15:21,000 --> 00:15:23,440
Speaker 3: than forty eight hours notice no cancelations, well I'm not canceling.

346
00:15:23,480 --> 00:15:25,200
Speaker 3: I'm just like changing my thing. And I was like, hey,

347
00:15:25,240 --> 00:15:26,960
Speaker 3: can you just change it to like, you know, the

348
00:15:27,040 --> 00:15:28,800
Speaker 3: end of November and she was like yeah, no worries,

349
00:15:28,920 --> 00:15:31,280
Speaker 3: like rebooked, you're in on the thirtieth or whatever, and

350
00:15:31,320 --> 00:15:32,760
Speaker 3: I was like yep, thanks so much. And then the

351
00:15:32,800 --> 00:15:34,680
Speaker 3: next thing, I said, Hey, so I made a booking

352
00:15:34,720 --> 00:15:36,920
Speaker 3: for the thirtieth and I actually don't need it anymore.

353
00:15:36,960 --> 00:15:38,480
Speaker 3: She's like, oh, you've got heaps of notice, no worries.

354
00:15:38,480 --> 00:15:40,000
Speaker 3: We'll just cancel that and you'll get a full refund.

355
00:15:40,000 --> 00:15:41,800
Speaker 3: And I was like, oh, thanks so much. That's really

356
00:15:41,880 --> 00:15:43,120
Speaker 3: cool for you to do that for me.

357
00:15:43,600 --> 00:15:44,440
Speaker 2: That's so smart.

358
00:15:44,560 --> 00:15:46,680
Speaker 3: So that's like a little like a sprinkle on the

359
00:15:46,720 --> 00:15:47,600
Speaker 3: top for your broke tips.

360
00:15:47,760 --> 00:15:51,000
Speaker 6: Totally don't d don't be dodgy, but like B like VD,

361
00:15:51,560 --> 00:15:53,640
Speaker 6: yeah seriously, Oh that's gorgeous.

362
00:15:53,760 --> 00:15:54,560
Speaker 2: Yeah, well that's me.

363
00:15:54,840 --> 00:15:56,800
Speaker 3: Yeah, anyway, I feel like that's really good. Let's go

364
00:15:56,880 --> 00:15:59,200
Speaker 3: to a really quick break because I'm very excited to

365
00:15:59,240 --> 00:16:01,840
Speaker 3: help you guys answer money dilemma about whether you should

366
00:16:01,840 --> 00:16:04,040
Speaker 3: be salary sacrificing into your super or you should be

367
00:16:04,080 --> 00:16:07,120
Speaker 3: focusing on your other goals and something you're leading to

368
00:16:07,160 --> 00:16:10,120
Speaker 3: our dms about which or I just have thoughts, feelings,

369
00:16:10,160 --> 00:16:13,680
Speaker 3: and opinions. A spicy sibling drama about your sister getting

370
00:16:13,720 --> 00:16:16,640
Speaker 3: money that isn't being given to you. Guys, don't go anywhere.

371
00:16:21,080 --> 00:16:23,560
Speaker 5: Welcome back, everybody. Let's take a listen to this week's

372
00:16:23,600 --> 00:16:24,360
Speaker 5: money dilemma.

373
00:16:26,800 --> 00:16:29,120
Speaker 7: Hi, there, have you got a money dilemma you just

374
00:16:29,200 --> 00:16:31,720
Speaker 7: can't solve. The Sheese on the Money team is here

375
00:16:31,760 --> 00:16:32,120
Speaker 7: to help.

376
00:16:32,520 --> 00:16:33,280
Speaker 3: Every week, we.

377
00:16:33,440 --> 00:16:36,160
Speaker 7: Tackle your dilemmas, both big and small, to answer your

378
00:16:36,200 --> 00:16:39,640
Speaker 7: most burning money, career and life questions. To get involved,

379
00:16:39,720 --> 00:16:41,840
Speaker 7: simply head to our website and leave us a short

380
00:16:41,920 --> 00:16:44,480
Speaker 7: voice recording and you might just find yourself on the show.

381
00:16:44,920 --> 00:16:47,560
Speaker 3: Now, let's take a listen to this week's money dilemma.

382
00:16:50,600 --> 00:16:54,160
Speaker 8: Hi guys, my question is around whether it is better

383
00:16:54,240 --> 00:16:59,520
Speaker 8: to salary sacrifice into SUPER or put that money towards

384
00:17:00,200 --> 00:17:03,560
Speaker 8: home deposit. At the moment, I'm in a position within

385
00:17:03,680 --> 00:17:07,200
Speaker 8: my career where I earn enough to comfortably afford to

386
00:17:07,320 --> 00:17:10,880
Speaker 8: salary sacrifice into my SUPER and max it out every year.

387
00:17:11,800 --> 00:17:14,600
Speaker 8: At the same time, I'm currently saving for a home deposit,

388
00:17:14,880 --> 00:17:18,920
Speaker 8: and if I don't salary sacrifice into my SUPER, I

389
00:17:19,080 --> 00:17:23,320
Speaker 8: expect to have decent to posit together within a year

390
00:17:23,480 --> 00:17:28,640
Speaker 8: and could borrow a decent amount for decent enough property.

391
00:17:29,480 --> 00:17:31,639
Speaker 8: So my question is would it be better in the

392
00:17:31,760 --> 00:17:35,560
Speaker 8: long run to max out SUPER knowing that it could

393
00:17:35,720 --> 00:17:39,680
Speaker 8: potentially affect my borrowing power and delay my savings goal,

394
00:17:40,520 --> 00:17:43,240
Speaker 8: or wait until I have purchased a property and then

395
00:17:43,359 --> 00:17:46,000
Speaker 8: salary sacrifice into my super thank you.

396
00:17:46,560 --> 00:17:51,960
Speaker 6: Oh, I would say property first because you never know

397
00:17:52,119 --> 00:17:54,159
Speaker 6: if the property prices will rise.

398
00:17:54,440 --> 00:17:56,560
Speaker 2: But the other thing I'm thinking you could do that.

399
00:17:56,760 --> 00:17:59,359
Speaker 3: First home the first time statistame.

400
00:17:58,760 --> 00:18:02,280
Speaker 2: Per save scheme. You've got to really quick scheme. Yeah,

401
00:18:03,760 --> 00:18:05,600
Speaker 2: that's really good, Cob.

402
00:18:05,800 --> 00:18:07,639
Speaker 3: They came out so you know how many times a

403
00:18:07,680 --> 00:18:10,240
Speaker 3: week I say that, It's actually like I should have canceled.

404
00:18:10,440 --> 00:18:13,800
Speaker 2: That's crazy, that's all You're so good at it. No, no,

405
00:18:15,600 --> 00:18:17,840
Speaker 2: So this is my question. Can you do the first

406
00:18:18,000 --> 00:18:18,640
Speaker 2: serves scheme?

407
00:18:18,680 --> 00:18:22,200
Speaker 6: If you pay super before tags, which is sealary sacrifice

408
00:18:22,720 --> 00:18:24,520
Speaker 6: or after it was either all well.

409
00:18:24,480 --> 00:18:26,919
Speaker 3: It's either all so it just can't be your your

410
00:18:27,000 --> 00:18:31,359
Speaker 3: workplace contributions, so your like mandated twelve percent doesn't count.

411
00:18:31,400 --> 00:18:34,800
Speaker 3: Does any type of additional contribution You could go back

412
00:18:34,800 --> 00:18:36,560
Speaker 3: and be like, hey, could I please access that? So,

413
00:18:36,640 --> 00:18:40,119
Speaker 3: whether it was you setting up an additional salary sacrifice

414
00:18:40,200 --> 00:18:41,960
Speaker 3: with your employer and saying hey, could you do an

415
00:18:42,000 --> 00:18:44,359
Speaker 3: additional two percent or could you do fifty bucks a

416
00:18:44,400 --> 00:18:46,960
Speaker 3: week or whatever, that looks like that can be leaned

417
00:18:47,000 --> 00:18:49,840
Speaker 3: on for first time Super Savis game. But then on

418
00:18:49,960 --> 00:18:51,680
Speaker 3: the flip side, you could also be like, oh my gosh,

419
00:18:51,720 --> 00:18:53,520
Speaker 3: I have some extra cash and I want to chuck

420
00:18:53,600 --> 00:18:56,119
Speaker 3: that into my super to make the most of the

421
00:18:56,160 --> 00:19:00,399
Speaker 3: first time Super Savis scheme or the FHSS, which feels

422
00:19:00,400 --> 00:19:02,560
Speaker 3: a little bit less aggressive.

423
00:19:03,080 --> 00:19:05,120
Speaker 2: But that's what you did, Jess. You had your house.

424
00:19:05,000 --> 00:19:08,560
Speaker 3: Savings and then hypothetically you got some very legitimate financial

425
00:19:08,600 --> 00:19:10,880
Speaker 3: advice not from your friend, and then you made lump

426
00:19:10,960 --> 00:19:15,120
Speaker 3: some deposits into that. Because what would happen then is, yes,

427
00:19:15,200 --> 00:19:17,760
Speaker 3: it's after tax, but come tax time, Jess would have

428
00:19:17,840 --> 00:19:19,720
Speaker 3: put it on her tax return that she'd done that,

429
00:19:20,160 --> 00:19:21,760
Speaker 3: and then she would have got the difference of that

430
00:19:21,960 --> 00:19:27,199
Speaker 3: base fifteen percent tax rate inside super back on her

431
00:19:27,280 --> 00:19:30,640
Speaker 3: tax return based on what she earns and her MARGINALU tix.

432
00:19:31,240 --> 00:19:33,680
Speaker 3: I understand. So it actually doesn't matter how it gets

433
00:19:33,760 --> 00:19:36,640
Speaker 3: in as long as it was like a voluntary contribution.

434
00:19:36,960 --> 00:19:40,439
Speaker 6: And is the only benefit to this the tax element,

435
00:19:40,600 --> 00:19:42,600
Speaker 6: or is it because I'm thinking limorary benefits.

436
00:19:42,720 --> 00:19:44,720
Speaker 2: The primary benefit is taxed.

437
00:19:44,760 --> 00:19:47,720
Speaker 3: So the first time super Savor scheme exists to put you,

438
00:19:48,000 --> 00:19:51,280
Speaker 3: as a first home buyer in a better financial position.

439
00:19:51,840 --> 00:19:53,840
Speaker 3: So the way that it works is it allows you

440
00:19:54,000 --> 00:19:58,040
Speaker 3: to use your superranuation environment as a savings tool for

441
00:19:58,119 --> 00:20:01,439
Speaker 3: your first home, so you can contra fifteen thousand dollars

442
00:20:01,520 --> 00:20:05,320
Speaker 3: each and every single year up to fifty thousand dollars total,

443
00:20:05,880 --> 00:20:08,879
Speaker 3: and then instead of paying like, let's pretend, or not

444
00:20:09,000 --> 00:20:11,680
Speaker 3: even pretend, I know that most people in our community

445
00:20:11,840 --> 00:20:15,119
Speaker 3: have a thirty percent tax rate. So by taking your

446
00:20:15,280 --> 00:20:20,000
Speaker 3: savings and putting them inside superannuation and then pulling them

447
00:20:20,080 --> 00:20:22,480
Speaker 3: back out later for your first home, you're going to

448
00:20:22,520 --> 00:20:27,880
Speaker 3: get fifteen percent immediately back on that money. Because supernuation

449
00:20:28,000 --> 00:20:31,080
Speaker 3: tax rate fifteen percent your actual tax rate thirty percent,

450
00:20:31,520 --> 00:20:34,600
Speaker 3: you get a refund and so you end up coming

451
00:20:34,680 --> 00:20:37,200
Speaker 3: out of the wash with more cash for your first home.

452
00:20:37,640 --> 00:20:41,600
Speaker 3: I'd say one of the government's ways of getting first

453
00:20:41,640 --> 00:20:44,840
Speaker 3: home buys into their homes a little bit quicker. That's clever,

454
00:20:45,000 --> 00:20:47,320
Speaker 3: that's very It is capped. But like if you're buying

455
00:20:47,359 --> 00:20:50,200
Speaker 3: with a partner, yes, you only have access to fifty

456
00:20:50,280 --> 00:20:52,200
Speaker 3: thousand dollars in your super but like, let's pretend you

457
00:20:52,280 --> 00:20:53,920
Speaker 3: and Jess were doing it. Actually you couldn't do it

458
00:20:53,960 --> 00:20:57,040
Speaker 3: because your partner, Jess already owns an apartment. Are hypothetically

459
00:20:57,040 --> 00:20:59,560
Speaker 3: if she didn't, you could then have one hundred thousand

460
00:20:59,600 --> 00:21:03,439
Speaker 3: dollars a cross both of your circumstances, and on fifty

461
00:21:03,520 --> 00:21:06,639
Speaker 3: thousand dollars each, in the long run, you actually end

462
00:21:06,760 --> 00:21:09,359
Speaker 3: up I believe, about nine and a half thousand dollars

463
00:21:09,440 --> 00:21:13,159
Speaker 3: better off individually. So you'd be in like, what nineteen

464
00:21:13,240 --> 00:21:14,840
Speaker 3: thousand dollars better off as a couple.

465
00:21:15,040 --> 00:21:18,480
Speaker 6: And do you get the gains on that money as

466
00:21:18,520 --> 00:21:20,119
Speaker 6: well as that you do it two thousand or you do?

467
00:21:20,400 --> 00:21:23,399
Speaker 6: Do you get your returns interest returns? It just depends

468
00:21:23,480 --> 00:21:26,040
Speaker 6: how long it's been in there. Yes, sure, Yeah, it's

469
00:21:26,080 --> 00:21:29,120
Speaker 6: taxed on my house, but still free money. Sorry, sorry,

470
00:21:29,200 --> 00:21:31,640
Speaker 6: money is money. Yeah, Like we're not complaining. So when

471
00:21:31,680 --> 00:21:33,840
Speaker 6: we pay tax, it's because we made money. Yes, they're

472
00:21:33,880 --> 00:21:35,919
Speaker 6: not going to tax you on money you didn't make exactly.

473
00:21:35,960 --> 00:21:37,680
Speaker 2: You can't come back in the native tax me.

474
00:21:37,840 --> 00:21:38,639
Speaker 3: It's very sexy.

475
00:21:38,800 --> 00:21:39,760
Speaker 2: Love it, love it, love.

476
00:21:39,680 --> 00:21:42,400
Speaker 3: Itess Like I want my tax to be really high.

477
00:21:42,480 --> 00:21:43,680
Speaker 3: Like I want to tell you, I don't want to

478
00:21:43,720 --> 00:21:45,600
Speaker 3: brag about my tax return because I'd be like, look.

479
00:21:45,440 --> 00:21:47,640
Speaker 6: What I did well in this case, because I guess

480
00:21:47,680 --> 00:21:49,199
Speaker 6: like in the long run, it doesn't really affect your

481
00:21:49,440 --> 00:21:52,000
Speaker 6: super as much. But I think you should prioritize property,

482
00:21:52,040 --> 00:21:54,159
Speaker 6: but you can still do it in this way that

483
00:21:54,359 --> 00:21:56,119
Speaker 6: doesn't actually like boost your super at the.

484
00:21:56,119 --> 00:21:59,040
Speaker 2: End of it all, I'm assuming no, but you could.

485
00:21:59,000 --> 00:22:01,280
Speaker 3: Like split it. You could split it so you can

486
00:22:01,400 --> 00:22:03,879
Speaker 3: contribute up to fifteen thousand dollars a year to the

487
00:22:03,920 --> 00:22:07,000
Speaker 3: first home Super Savor scheme, and hypothetically if you had more,

488
00:22:07,040 --> 00:22:09,840
Speaker 3: which are unrelatable, but whatever, if you had more, that

489
00:22:10,000 --> 00:22:12,720
Speaker 3: additional amount could still be going towards your Super. But

490
00:22:12,840 --> 00:22:15,760
Speaker 3: don't forget you have a thirty thousand dollar cap each

491
00:22:15,840 --> 00:22:18,240
Speaker 3: year of what you can contribute to super in total.

492
00:22:18,760 --> 00:22:21,080
Speaker 3: There's lots of rules and regulations around that. You and

493
00:22:21,160 --> 00:22:24,720
Speaker 3: I just recorded the second part of our Subranuation series

494
00:22:25,080 --> 00:22:26,720
Speaker 3: and that's coming out in a couple of weeks, So

495
00:22:26,800 --> 00:22:28,720
Speaker 3: I'll make sure that our first part is linked in

496
00:22:28,760 --> 00:22:30,399
Speaker 3: the show notes and the second part you can keep

497
00:22:30,440 --> 00:22:35,919
Speaker 3: your eyes peeled for. But your employer's contributions make up

498
00:22:35,960 --> 00:22:38,000
Speaker 3: part of that thirty percent. So let's say like you

499
00:22:38,119 --> 00:22:42,160
Speaker 3: go to work every day and your Superanuation contributions from

500
00:22:42,200 --> 00:22:44,360
Speaker 3: your employer nine and a half thousand dollars per year.

501
00:22:44,720 --> 00:22:48,239
Speaker 3: That takes up part of your thirty thousand contributions, then

502
00:22:48,359 --> 00:22:51,000
Speaker 3: maybe your fifteen thousand in home savings, you don't actually

503
00:22:51,040 --> 00:22:53,919
Speaker 3: have a lot of more wiggle room before you incur

504
00:22:54,119 --> 00:22:57,320
Speaker 3: more tax Is that unrelatable because most of us can't

505
00:22:57,400 --> 00:22:59,680
Speaker 3: contribute that. Yes, But like those are the rules and

506
00:22:59,720 --> 00:23:04,760
Speaker 3: reg relations. What I would say is the important thing

507
00:23:04,800 --> 00:23:07,840
Speaker 3: about the first time Super Savor scheme is that once

508
00:23:07,880 --> 00:23:11,440
Speaker 3: you put it in, if it's not being withdrawn for property,

509
00:23:12,960 --> 00:23:14,880
Speaker 3: it does get taxed on the way out and you're

510
00:23:14,880 --> 00:23:16,960
Speaker 3: not going to end up in a better position. So

511
00:23:17,080 --> 00:23:20,040
Speaker 3: if you're planning on pulling it out, haha, you can't

512
00:23:20,200 --> 00:23:22,960
Speaker 3: unless it's for property. So if it's other goals that

513
00:23:23,080 --> 00:23:27,280
Speaker 3: aren't property related, I would be considering seriously not using

514
00:23:27,359 --> 00:23:30,160
Speaker 3: Super as a vehicle for that. And I will tell

515
00:23:30,240 --> 00:23:34,280
Speaker 3: you on our second part of this Super episode. Personally,

516
00:23:35,280 --> 00:23:37,840
Speaker 3: I don't make additional contributions to Super to top up

517
00:23:37,880 --> 00:23:40,880
Speaker 3: my retirement because I have very grand plans of retiring

518
00:23:40,960 --> 00:23:44,400
Speaker 3: before the age of sixty five. So like you guys,

519
00:23:44,480 --> 00:23:48,200
Speaker 3: take that however you wish, or just just any additionals no,

520
00:23:48,520 --> 00:23:49,080
Speaker 3: nothing for me.

521
00:23:49,160 --> 00:23:49,440
Speaker 4: I think.

522
00:23:49,600 --> 00:23:50,920
Speaker 3: Can you just say, first time Super, I have a

523
00:23:51,000 --> 00:23:51,520
Speaker 3: game really.

524
00:23:51,440 --> 00:23:52,800
Speaker 4: Quick, I'd forget it.

525
00:23:57,480 --> 00:23:58,440
Speaker 3: That's amazing.

526
00:24:00,000 --> 00:24:01,040
Speaker 2: It's car so quick.

527
00:24:01,480 --> 00:24:04,359
Speaker 3: All right, guys, I'm excited for this one because I

528
00:24:04,520 --> 00:24:07,600
Speaker 3: am opinionated, and I think you guys are going to

529
00:24:07,640 --> 00:24:09,920
Speaker 3: be too. So are you ready for the DM we

530
00:24:10,040 --> 00:24:11,160
Speaker 3: got this week? Ready?

531
00:24:11,840 --> 00:24:11,959
Speaker 7: Hi?

532
00:24:12,160 --> 00:24:14,000
Speaker 3: She's on the money team. I have a little bit

533
00:24:14,040 --> 00:24:16,560
Speaker 3: of a money dilemma for you. My younger sister is

534
00:24:16,680 --> 00:24:20,399
Speaker 3: engaged and currently making wedding preparations. I found out recently

535
00:24:20,480 --> 00:24:24,560
Speaker 3: that my parents are paying for the entire wedding. My

536
00:24:24,680 --> 00:24:26,720
Speaker 3: long term partner and I decided long ago that we

537
00:24:26,840 --> 00:24:29,480
Speaker 3: will not be getting married or having kids, as that's

538
00:24:29,600 --> 00:24:32,359
Speaker 3: just not what feels right for us. My parents are

539
00:24:32,480 --> 00:24:35,040
Speaker 3: fully aware of this. It is unlikely that I would

540
00:24:35,040 --> 00:24:37,240
Speaker 3: bother broaching the subject with them, as I know their

541
00:24:37,280 --> 00:24:39,880
Speaker 3: response would be just something along the lines of, well,

542
00:24:39,960 --> 00:24:41,840
Speaker 3: if you get married to will pay for your wedding too.

543
00:24:42,600 --> 00:24:45,639
Speaker 3: I would love to know y'all's thoughts on whether or

544
00:24:45,720 --> 00:24:47,880
Speaker 3: not it would be fair for my parents to financially

545
00:24:47,920 --> 00:24:50,120
Speaker 3: assist me in other ways, considering I don't have any

546
00:24:50,160 --> 00:24:50,960
Speaker 3: plans to get married.

547
00:24:51,200 --> 00:24:54,040
Speaker 6: Big yes, personally, and I understand that like no one

548
00:24:54,080 --> 00:24:56,239
Speaker 6: actually owes anyone money, So if they paid for your

549
00:24:56,280 --> 00:24:58,879
Speaker 6: sister's wedding. It still feels unfair, but it's like I

550
00:24:58,960 --> 00:25:01,600
Speaker 6: think that it's different if it's like, oh, my assistant

551
00:25:01,600 --> 00:25:03,399
Speaker 6: needed surgery and they paid for a surgery and then

552
00:25:03,480 --> 00:25:04,280
Speaker 6: and then I'd be like, oh, they.

553
00:25:04,240 --> 00:25:04,960
Speaker 2: Don't know anything.

554
00:25:05,000 --> 00:25:06,800
Speaker 6: But like there's something that always gets to me about

555
00:25:06,840 --> 00:25:10,680
Speaker 6: like this tradition that is just like it is really cool,

556
00:25:10,800 --> 00:25:14,080
Speaker 6: really beautiful, Like weddings have just been around since as

557
00:25:14,119 --> 00:25:16,360
Speaker 6: long as I can remember. But I don't I don't

558
00:25:16,359 --> 00:25:17,720
Speaker 6: think we need to get married. I think it was

559
00:25:17,760 --> 00:25:19,399
Speaker 6: like something that was just like kind of you know,

560
00:25:19,520 --> 00:25:19,840
Speaker 6: maybe it.

561
00:25:19,880 --> 00:25:21,440
Speaker 2: Was religious, maybe it was born out of religion.

562
00:25:21,480 --> 00:25:23,840
Speaker 4: I'm sure transfer the ownership of a woman from her

563
00:25:23,920 --> 00:25:24,760
Speaker 4: father to he house.

564
00:25:24,800 --> 00:25:26,719
Speaker 2: But thank you Jess exactly. And that's what I try

565
00:25:26,720 --> 00:25:28,120
Speaker 2: and say, and that I don't want to like sound

566
00:25:28,160 --> 00:25:28,400
Speaker 2: my heart.

567
00:25:28,520 --> 00:25:30,879
Speaker 3: My husband didn't even get a dowry when he married me.

568
00:25:31,040 --> 00:25:31,600
Speaker 2: Well that's the thing.

569
00:25:31,640 --> 00:25:33,440
Speaker 6: And it's like and so the dad walks the doughter

570
00:25:33,520 --> 00:25:35,680
Speaker 6: down like here's this is your property now, and like

571
00:25:35,800 --> 00:25:37,359
Speaker 6: that's the thing. It's like a transfer of ownership and

572
00:25:37,400 --> 00:25:39,680
Speaker 6: it's like, Okay, we're way beyond that now, which is great,

573
00:25:39,760 --> 00:25:41,840
Speaker 6: but it's like you know, but we still get married,

574
00:25:41,880 --> 00:25:43,240
Speaker 6: and I think that's that's really beautiful.

575
00:25:43,320 --> 00:25:44,280
Speaker 2: But we don't need to.

576
00:25:44,560 --> 00:25:47,240
Speaker 6: So I feel like, like I have friends I probably

577
00:25:47,240 --> 00:25:48,359
Speaker 6: won't get married. I have a lot of friends who

578
00:25:48,359 --> 00:25:49,960
Speaker 6: probably won't get married. One of my friends is like,

579
00:25:50,000 --> 00:25:51,640
Speaker 6: I'm not having children, but I still don't have a party.

580
00:25:51,760 --> 00:25:53,920
Speaker 6: So I'm going to have a non children party and

581
00:25:54,040 --> 00:25:56,879
Speaker 6: a non marriage party because we deserve.

582
00:25:56,680 --> 00:25:58,520
Speaker 2: Gifts just as much as ever anyone else.

583
00:25:58,760 --> 00:26:00,639
Speaker 6: But I understand that if you're spending a lot of

584
00:26:00,640 --> 00:26:03,920
Speaker 6: money on a ceremony, then you know, it's really nice

585
00:26:03,920 --> 00:26:06,879
Speaker 6: if people kind of like contribute to your life moving forward,

586
00:26:06,920 --> 00:26:10,639
Speaker 6: which is lovely. But I don't think it's an essential thing.

587
00:26:10,760 --> 00:26:12,760
Speaker 6: Some people want it to be. Some people are quite religious,

588
00:26:12,760 --> 00:26:16,119
Speaker 6: and it is an essential thing. But because it's so

589
00:26:16,400 --> 00:26:19,720
Speaker 6: like it's so you don't have to do it, you

590
00:26:19,800 --> 00:26:22,840
Speaker 6: don't want to be not that you're directly being like

591
00:26:22,960 --> 00:26:25,399
Speaker 6: punished for not doing it, but to see that something

592
00:26:25,480 --> 00:26:29,720
Speaker 6: that your sister doesn't need to do is it's being

593
00:26:29,800 --> 00:26:32,080
Speaker 6: funded and like this is a big party to celebrate

594
00:26:32,119 --> 00:26:33,720
Speaker 6: her and her love and all this kind of stuff,

595
00:26:34,480 --> 00:26:36,840
Speaker 6: and you don't want to do that because you were like,

596
00:26:37,280 --> 00:26:39,199
Speaker 6: what does it actually mean for me. It doesn't mean

597
00:26:39,200 --> 00:26:41,200
Speaker 6: anything for me, so why would I do it? And

598
00:26:41,359 --> 00:26:44,000
Speaker 6: then you know, so I think that like having this

599
00:26:44,080 --> 00:26:47,560
Speaker 6: conversation with your parents and be like what is marriage?

600
00:26:47,720 --> 00:26:50,640
Speaker 2: Like why marriage? What the hell does it mean? Why

601
00:26:50,720 --> 00:26:51,280
Speaker 2: we are doing it?

602
00:26:52,000 --> 00:26:54,760
Speaker 6: And why do you just like give money so much

603
00:26:54,840 --> 00:26:59,399
Speaker 6: money away without even thinking about what it is and

604
00:26:59,640 --> 00:27:02,520
Speaker 6: why it's happening. So I think like if your parents

605
00:27:03,000 --> 00:27:06,639
Speaker 6: could understand that you've kind of like seen through all

606
00:27:06,680 --> 00:27:08,080
Speaker 6: of that and you're like, oh, it's not really for me.

607
00:27:08,160 --> 00:27:09,520
Speaker 6: It's just a waste of money or whatever it is.

608
00:27:09,600 --> 00:27:11,240
Speaker 6: Whatever that looks like it's not really important for you.

609
00:27:11,600 --> 00:27:15,640
Speaker 6: But you are still doing things that should be valued

610
00:27:15,800 --> 00:27:19,280
Speaker 6: as highly as a wedding because you love someone so much.

611
00:27:19,480 --> 00:27:21,879
Speaker 6: But maybe you're maybe you want to open a studio

612
00:27:21,960 --> 00:27:24,200
Speaker 6: and have like a creative art space, maybe you want

613
00:27:24,240 --> 00:27:26,080
Speaker 6: to start your own business, maybe you want to go

614
00:27:26,200 --> 00:27:28,040
Speaker 6: on a trip. All these things should be This is

615
00:27:28,080 --> 00:27:29,960
Speaker 6: what really annoys me is that like all these things

616
00:27:30,000 --> 00:27:32,080
Speaker 6: that we do for ourselves and for the people we love,

617
00:27:32,880 --> 00:27:35,480
Speaker 6: just like no one places any value on it. But

618
00:27:35,560 --> 00:27:38,880
Speaker 6: it's you get married and everyone's like, oh my god,

619
00:27:38,880 --> 00:27:41,960
Speaker 6: it's such an achievement, but it's also an achievement to

620
00:27:42,040 --> 00:27:44,040
Speaker 6: do all these other little things, not little things. I

621
00:27:44,080 --> 00:27:46,919
Speaker 6: shouldn't say little, they're all big. But I think if

622
00:27:46,920 --> 00:27:48,840
Speaker 6: you explain that to your parents, like I did this

623
00:27:48,960 --> 00:27:50,639
Speaker 6: thing which was really cool, I did that by myself.

624
00:27:50,760 --> 00:27:52,320
Speaker 6: I did this thing that was really cool. No one

625
00:27:52,359 --> 00:27:54,159
Speaker 6: helped me funder that. It's like if you kind of

626
00:27:54,240 --> 00:27:56,760
Speaker 6: explain that, they don't know it to you, but it

627
00:27:56,800 --> 00:27:59,040
Speaker 6: will build resentment within you. And we're just trying to

628
00:27:59,040 --> 00:28:01,399
Speaker 6: avoid the resentment. It's all I trying to say. But

629
00:28:01,520 --> 00:28:04,440
Speaker 6: everything that we all do is valuable, including getting married,

630
00:28:04,520 --> 00:28:05,560
Speaker 6: including not getting married.

631
00:28:05,680 --> 00:28:08,520
Speaker 3: I think it's also a different tangent than like do

632
00:28:08,720 --> 00:28:11,359
Speaker 3: they owe you that, because it's all about well, you know,

633
00:28:11,520 --> 00:28:14,160
Speaker 3: the way you're seeing marriage and the way that your

634
00:28:14,280 --> 00:28:16,720
Speaker 3: views are on that, because like, as someone who is married,

635
00:28:17,320 --> 00:28:18,840
Speaker 3: like I look at it and go, oh my god,

636
00:28:18,960 --> 00:28:21,399
Speaker 3: Like I did not get married because I want to

637
00:28:21,480 --> 00:28:23,480
Speaker 3: submit to my husband and all of that, and like,

638
00:28:23,560 --> 00:28:27,080
Speaker 3: if you know my relationship, well enough, unlucky guy, I

639
00:28:27,280 --> 00:28:29,760
Speaker 3: refuse to take his name. I made sure that our

640
00:28:29,840 --> 00:28:32,200
Speaker 3: kids had our name. Sorry, mate, you want to be

641
00:28:32,320 --> 00:28:34,280
Speaker 3: a divine, well, if you want to marry me, that's

642
00:28:34,320 --> 00:28:34,720
Speaker 3: the rules.

643
00:28:35,320 --> 00:28:37,840
Speaker 6: It's weird that it's just like, by default the opposite,

644
00:28:37,880 --> 00:28:39,200
Speaker 6: and it's like cooled if it's not.

645
00:28:39,280 --> 00:28:40,400
Speaker 2: You know what I mean, it's like, yeah, no, it

646
00:28:40,400 --> 00:28:40,760
Speaker 2: should just be.

647
00:28:40,880 --> 00:28:42,760
Speaker 3: It can be anything on your terms. It doesn't mean

648
00:28:42,760 --> 00:28:44,480
Speaker 3: you have to get married. You don't have to. Lots

649
00:28:44,480 --> 00:28:46,960
Speaker 3: of people I know don't. But it's more like, I

650
00:28:47,000 --> 00:28:50,040
Speaker 3: guess the underlying question here is not whether your choices

651
00:28:50,040 --> 00:28:55,000
Speaker 3: are valid, but like, should your parents be funding your life? Jess,

652
00:28:55,040 --> 00:28:55,520
Speaker 3: what would you do?

653
00:28:55,720 --> 00:28:58,520
Speaker 5: Yeah, it's something I've been reflected on a lot, exactly

654
00:28:58,520 --> 00:29:00,840
Speaker 5: if you're kind of touching I'm bet as someone who

655
00:29:01,440 --> 00:29:04,240
Speaker 5: is not really following that traditional pathway. I don't know

656
00:29:04,320 --> 00:29:05,800
Speaker 5: that i'll have kids, I don't know that I'll care

657
00:29:05,840 --> 00:29:07,360
Speaker 5: to get married, you know where a lot of my

658
00:29:07,520 --> 00:29:11,960
Speaker 5: friends have ticked those more traditional quote unquote accomplishments. And

659
00:29:12,040 --> 00:29:14,640
Speaker 5: there's something just in reflecting I think on the fact that,

660
00:29:14,720 --> 00:29:17,440
Speaker 5: as you said, we celebrate these milestones, but not everybody

661
00:29:17,480 --> 00:29:19,880
Speaker 5: will will want to pursue those.

662
00:29:20,160 --> 00:29:21,720
Speaker 3: Yeah, it's only recently.

663
00:29:21,400 --> 00:29:23,360
Speaker 5: That same sex couples were able to get married. To

664
00:29:23,640 --> 00:29:26,280
Speaker 5: a very long time that wasn't even an option for people,

665
00:29:26,480 --> 00:29:29,440
Speaker 5: you know, and I think that there's something to be said,

666
00:29:29,640 --> 00:29:32,720
Speaker 5: not that celebration or the things that come with that,

667
00:29:32,960 --> 00:29:36,440
Speaker 5: like the gifting, the money, etc. Not that it has

668
00:29:36,560 --> 00:29:39,960
Speaker 5: to be reciprocal or equal. That's not what I'm getting at.

669
00:29:40,520 --> 00:29:42,840
Speaker 5: But I do think that for people who choose less

670
00:29:42,840 --> 00:29:45,440
Speaker 5: traditional pathways, it can be really hard to feel like

671
00:29:45,600 --> 00:29:49,040
Speaker 5: you're not being celebrated or not achieving things that people

672
00:29:49,240 --> 00:29:52,600
Speaker 5: view as valuable. I think it's great that you're choosing

673
00:29:52,640 --> 00:29:54,880
Speaker 5: your own path, and I think that you're totally right.

674
00:29:56,000 --> 00:29:56,800
Speaker 3: My only.

675
00:29:58,200 --> 00:30:00,840
Speaker 5: Qualm I suppose is that, as you you said, you're

676
00:30:00,880 --> 00:30:04,120
Speaker 5: not owed something, and like I think it's really generous

677
00:30:04,280 --> 00:30:06,640
Speaker 5: and it is somewhat traditional that the parents want to

678
00:30:06,680 --> 00:30:09,920
Speaker 5: pay for or contribute to the wedding. It's hard because

679
00:30:09,920 --> 00:30:12,440
Speaker 5: I don't think you can necessarily turn around and say, well,

680
00:30:12,440 --> 00:30:14,320
Speaker 5: you've paid for something for one person you have to pay.

681
00:30:14,520 --> 00:30:16,520
Speaker 5: In an ideal world, yes, it would all be fair,

682
00:30:17,280 --> 00:30:19,440
Speaker 5: but at the same time, you know, I've also said

683
00:30:19,480 --> 00:30:22,200
Speaker 5: on this show before, like nobody owes anybody anything, like

684
00:30:22,280 --> 00:30:24,360
Speaker 5: you shouldn't expect your parents to pay for a wedding,

685
00:30:24,440 --> 00:30:25,480
Speaker 5: a house deposit.

686
00:30:25,320 --> 00:30:26,000
Speaker 2: Or anything else.

687
00:30:27,320 --> 00:30:30,360
Speaker 5: Do I think that you know there's something to be

688
00:30:30,440 --> 00:30:32,240
Speaker 5: said about I do think you should definitely have a

689
00:30:32,280 --> 00:30:34,600
Speaker 5: conversation explain the perspective to them of well, I'm never

690
00:30:34,640 --> 00:30:37,320
Speaker 5: planning on being married, But does that mean that my

691
00:30:37,440 --> 00:30:39,520
Speaker 5: other things that I hope to do, purchasing a house

692
00:30:39,640 --> 00:30:42,600
Speaker 5: or traveling or doing whatever, are less valuable and don't

693
00:30:42,680 --> 00:30:45,840
Speaker 5: deserve to be You know, I think there is a

694
00:30:45,920 --> 00:30:48,760
Speaker 5: lot of gray to play in here, because on one hand,

695
00:30:48,800 --> 00:30:50,680
Speaker 5: I very much don't think they owe anything. But on

696
00:30:50,720 --> 00:30:53,920
Speaker 5: the other hand, I do also think that there's something

697
00:30:53,960 --> 00:31:00,000
Speaker 5: to be said for providing, equally valuing, equally respecting decisions

698
00:31:00,160 --> 00:31:02,960
Speaker 5: that your children might make. And I don't really know

699
00:31:03,040 --> 00:31:04,640
Speaker 5: that I have a good answer for that, but I

700
00:31:04,680 --> 00:31:07,080
Speaker 5: guess my reflection is just very much echoing what you

701
00:31:07,160 --> 00:31:10,120
Speaker 5: said back that more and more people are choosing non

702
00:31:10,160 --> 00:31:12,520
Speaker 5: traditional pathways, and I think that should be celebrated. Like

703
00:31:12,600 --> 00:31:15,960
Speaker 5: I think, just because you don't want to follow the

704
00:31:16,120 --> 00:31:18,560
Speaker 5: path that has been laid out for us, particularly as

705
00:31:18,680 --> 00:31:22,240
Speaker 5: women for so many generations, you might disagree with marriages

706
00:31:22,280 --> 00:31:24,400
Speaker 5: and an institution because of, like you know, the history

707
00:31:24,440 --> 00:31:26,600
Speaker 5: of what it means. Yeah, you might want to have

708
00:31:26,680 --> 00:31:29,520
Speaker 5: a huge, beautiful wedding because that's fun and exciting, and

709
00:31:29,720 --> 00:31:32,960
Speaker 5: both of those things are okay, but like whatever path

710
00:31:33,040 --> 00:31:36,320
Speaker 5: you choose should be equally valued by the people around you,

711
00:31:36,600 --> 00:31:37,200
Speaker 5: is how I feel.

712
00:31:37,360 --> 00:31:37,800
Speaker 2: Totally.

713
00:31:38,200 --> 00:31:40,040
Speaker 3: I am so glad that both of you were like

714
00:31:40,200 --> 00:31:43,920
Speaker 3: so kind in your responses, and I echo all of that,

715
00:31:44,160 --> 00:31:46,240
Speaker 3: like I agree and would like to cut and paste

716
00:31:46,280 --> 00:31:49,480
Speaker 3: what you've said into my response, But then I'm also

717
00:31:49,560 --> 00:31:52,160
Speaker 3: going to say something that could get me canceled. And

718
00:31:52,320 --> 00:31:55,680
Speaker 3: that's perfectly okay, because like I sometimes see myself as

719
00:31:55,760 --> 00:31:58,040
Speaker 3: like your big sister when it comes to money, and

720
00:31:58,200 --> 00:32:00,200
Speaker 3: like you don't always want to hear what you big

721
00:32:00,240 --> 00:32:03,160
Speaker 3: sisters got to say, but sometimes it's really helpful, and

722
00:32:03,520 --> 00:32:06,520
Speaker 3: I think that's really entitled. I just look at it

723
00:32:06,600 --> 00:32:09,440
Speaker 3: and I go, your parents are choosing to do something

724
00:32:09,560 --> 00:32:14,000
Speaker 3: with their money. It is their choice. I can completely

725
00:32:14,120 --> 00:32:16,320
Speaker 3: see that you might go, oh, well, that's unfair because

726
00:32:16,360 --> 00:32:20,840
Speaker 3: I didn't get what they got. Why no, no care

727
00:32:20,880 --> 00:32:24,120
Speaker 3: about your own financial security, build your own financial future.

728
00:32:24,680 --> 00:32:27,520
Speaker 3: I personally wouldn't mention it. And that's why I'm saying,

729
00:32:27,600 --> 00:32:29,640
Speaker 3: like I could get ganceled, you can do whatever you want.

730
00:32:30,600 --> 00:32:34,959
Speaker 3: It can feel unfair, but also the spending that your

731
00:32:35,040 --> 00:32:37,400
Speaker 3: parents make is in line with their values, and if

732
00:32:37,480 --> 00:32:41,160
Speaker 3: they made the choice to help you with something big,

733
00:32:41,480 --> 00:32:43,520
Speaker 3: I'm sure they would broach that. I don't think you

734
00:32:43,600 --> 00:32:45,720
Speaker 3: need to jump up and down and say, hey, please

735
00:32:45,840 --> 00:32:49,120
Speaker 3: value my life as much as this. I also think

736
00:32:49,160 --> 00:32:52,800
Speaker 3: that sometimes we forget how much they might have contributed

737
00:32:52,840 --> 00:32:56,320
Speaker 3: to other things growing up. Like there's this really good

738
00:32:56,800 --> 00:32:58,760
Speaker 3: I don't know if it's a quote, but it's all

739
00:32:58,840 --> 00:33:03,440
Speaker 3: about how even in the same household, children don't experience

740
00:33:03,520 --> 00:33:06,520
Speaker 3: the same parents. So like when one day I have

741
00:33:06,760 --> 00:33:11,080
Speaker 3: more children, like the parenting that my next child gets

742
00:33:11,200 --> 00:33:13,680
Speaker 3: in comparison to Harvey is not going to be the same.

743
00:33:13,960 --> 00:33:17,240
Speaker 3: Their experiences are coming from different lenses. They are different people.

744
00:33:17,360 --> 00:33:20,720
Speaker 3: They will be treated differently, not because it's not fair,

745
00:33:21,200 --> 00:33:23,880
Speaker 3: but just because one might have a learning difficulty and

746
00:33:23,960 --> 00:33:27,280
Speaker 3: I need to invest more in their tutoring than the other.

747
00:33:27,760 --> 00:33:30,360
Speaker 3: Or one might really love football and I invest in,

748
00:33:30,560 --> 00:33:32,080
Speaker 3: you know, making sure they go through that, and the

749
00:33:32,160 --> 00:33:34,400
Speaker 3: other ones to stay home play video game. Like you

750
00:33:34,520 --> 00:33:39,080
Speaker 3: are going to have different experiences and equal doesn't mean

751
00:33:39,160 --> 00:33:42,320
Speaker 3: a dollar amount from my perspective, like I think I

752
00:33:42,360 --> 00:33:44,840
Speaker 3: would be you know, if I extrapolate this out even

753
00:33:44,960 --> 00:33:47,560
Speaker 3: just to a work sense, right, like if I go

754
00:33:47,720 --> 00:33:49,840
Speaker 3: down to the cafe with Jess at lunchtime and I

755
00:33:49,960 --> 00:33:52,320
Speaker 3: buy her coffee and then she comes up to goes,

756
00:33:52,320 --> 00:33:54,520
Speaker 3: oh my god, money, when V brought me coffee? Would

757
00:33:54,520 --> 00:33:57,280
Speaker 3: you turn around and go, well, why did she get coffee?

758
00:33:57,640 --> 00:33:59,960
Speaker 3: I want a coffee? Like it just is that sense

759
00:34:00,160 --> 00:34:03,240
Speaker 3: of entitlement that it's like I do feel like overtime,

760
00:34:03,360 --> 00:34:05,880
Speaker 3: these things ebb and flow, and like, you know what,

761
00:34:05,960 --> 00:34:07,760
Speaker 3: we hear it in the community all the time. And

762
00:34:07,880 --> 00:34:10,719
Speaker 3: you know what, the most stereotypical thing is when the

763
00:34:10,800 --> 00:34:13,759
Speaker 3: older sister is complaining about the younger brother, They're like,

764
00:34:13,880 --> 00:34:16,200
Speaker 3: oh my god, Like I had to work for bloody

765
00:34:16,280 --> 00:34:18,960
Speaker 3: everything I got, Like I got my first job, I

766
00:34:19,000 --> 00:34:20,600
Speaker 3: did this, I saved up for my first car, I

767
00:34:20,680 --> 00:34:23,920
Speaker 3: bought it. And then for my brother's eighteenth birthday, he

768
00:34:24,160 --> 00:34:25,000
Speaker 3: just got gifted a car.

769
00:34:25,120 --> 00:34:25,600
Speaker 6: What the heck?

770
00:34:25,840 --> 00:34:28,279
Speaker 3: Like, I'm not saying that any of these things are right,

771
00:34:28,480 --> 00:34:30,200
Speaker 3: but I think we need to kind of stay in

772
00:34:30,320 --> 00:34:33,000
Speaker 3: our own lane. And the most healthy approach to this

773
00:34:33,280 --> 00:34:36,200
Speaker 3: is like work on your own financial confidence and your

774
00:34:36,239 --> 00:34:39,480
Speaker 3: own financial independence and like celebrate the choices that you've

775
00:34:39,520 --> 00:34:41,920
Speaker 3: made because they were the right ones for you. Like

776
00:34:42,000 --> 00:34:43,560
Speaker 3: you're not going to get married, and I know that

777
00:34:43,640 --> 00:34:45,920
Speaker 3: your parents are saying they would come back and be like, well,

778
00:34:46,320 --> 00:34:48,560
Speaker 3: Jess Curry, if you got married, would pay for your bidding.

779
00:34:48,640 --> 00:34:51,279
Speaker 3: Don't worry. That is not a reflection of how much

780
00:34:51,320 --> 00:34:53,760
Speaker 3: they care about you. That is a reflection of their values.

781
00:34:53,800 --> 00:34:57,520
Speaker 3: And maybe they're really outdated stereotypes based on weddings that

782
00:34:57,800 --> 00:35:00,120
Speaker 3: your dad should be paying for your wedding, do you

783
00:35:00,160 --> 00:35:01,680
Speaker 3: know what I mean? Like, I just don't think it's

784
00:35:01,719 --> 00:35:04,000
Speaker 3: a reflection of your parents not caring or loving for you.

785
00:35:04,320 --> 00:35:07,960
Speaker 3: And if you distill that down to finances, I kind

786
00:35:07,960 --> 00:35:10,279
Speaker 3: of go, what the heck, that's not what life's about. Sure,

787
00:35:10,840 --> 00:35:12,719
Speaker 3: I don't know. I just feel like it's there's so

788
00:35:12,800 --> 00:35:14,520
Speaker 3: many ways that you could look at it so exactly.

789
00:35:14,600 --> 00:35:16,200
Speaker 3: And I'm not saying that I don't agree with the

790
00:35:16,239 --> 00:35:18,360
Speaker 3: two of you who had much kinder responses, but I

791
00:35:18,480 --> 00:35:20,319
Speaker 3: was like, can we just talk about this entitlement piece,

792
00:35:20,360 --> 00:35:24,319
Speaker 3: because like, I do know someone like that and they're like, oh, well,

793
00:35:24,840 --> 00:35:27,759
Speaker 3: my parents spent X and they literally go and ask

794
00:35:27,880 --> 00:35:30,279
Speaker 3: their parents for the same similar cash amount and I go,

795
00:35:31,600 --> 00:35:35,640
Speaker 3: that's because I benefited the parents. Yeah, Like that's it

796
00:35:35,840 --> 00:35:38,200
Speaker 3: just gives me the ick, Like I just really don't

797
00:35:39,120 --> 00:35:41,560
Speaker 3: like it. And maybe that's just because again I'm so

798
00:35:42,120 --> 00:35:44,399
Speaker 3: black and white that I'm like, there's right and there's Well,

799
00:35:44,920 --> 00:35:46,880
Speaker 3: that doesn't mean I can't live in the gray and

800
00:35:46,960 --> 00:35:49,840
Speaker 3: give you context, but I also think does that resonate?

801
00:35:49,960 --> 00:35:52,040
Speaker 3: If so, maybe take that with a grain of salt

802
00:35:52,080 --> 00:35:52,399
Speaker 3: as well.

803
00:35:52,520 --> 00:35:54,239
Speaker 4: What did everybody else think? I feel like there's gonna

804
00:35:54,239 --> 00:35:56,680
Speaker 4: be lots of There was, and there was.

805
00:35:56,920 --> 00:35:59,399
Speaker 3: It was a little bit spicy. So the first question

806
00:35:59,520 --> 00:36:02,000
Speaker 3: I asked was, guys, how would you handle this situation.

807
00:36:02,560 --> 00:36:04,920
Speaker 3: Forty four percent of you said, let it go, it's

808
00:36:04,960 --> 00:36:08,920
Speaker 3: their choice, twenty seven percent said have a conversation about fairness,

809
00:36:09,520 --> 00:36:11,680
Speaker 3: twenty one percent of you would ask for the same

810
00:36:11,800 --> 00:36:15,040
Speaker 3: amount for another milestone, and nine percent said I'd be

811
00:36:15,239 --> 00:36:19,759
Speaker 3: quietly resentful. Next question I asked was should the money

812
00:36:19,800 --> 00:36:21,960
Speaker 3: a parent gives for a wedding be matched with the

813
00:36:22,040 --> 00:36:24,480
Speaker 3: same amount for siblings who choose not to marry? And

814
00:36:24,600 --> 00:36:26,759
Speaker 3: this is pretty fifty to fifty fifty one percent of

815
00:36:26,800 --> 00:36:28,759
Speaker 3: you said yep, it's only fair. Forty nine percent of

816
00:36:28,840 --> 00:36:34,000
Speaker 3: you said, no, weddings are different interesting, And then I said,

817
00:36:34,080 --> 00:36:36,719
Speaker 3: what's your two cents? And you, guys, let it rip?

818
00:36:37,040 --> 00:36:39,400
Speaker 3: So first person said, my parents raised us on the

819
00:36:39,480 --> 00:36:41,920
Speaker 3: basis of what they do for one child, they will

820
00:36:41,960 --> 00:36:45,000
Speaker 3: always do for all Cool. But that's where the argument

821
00:36:45,080 --> 00:36:46,799
Speaker 3: of like your parents go, will beck, if you want

822
00:36:46,840 --> 00:36:48,000
Speaker 3: to get married, we'd pay for your wedding.

823
00:36:48,160 --> 00:36:50,480
Speaker 6: Yeah, we'd do that for you too. I'd be like,

824
00:36:50,560 --> 00:36:52,400
Speaker 6: here's a chunk of money. You can use it for

825
00:36:52,480 --> 00:36:54,200
Speaker 6: a wedding, you can use that for a business, you

826
00:36:54,200 --> 00:36:55,480
Speaker 6: can use that for a travel Yeah.

827
00:36:55,560 --> 00:36:57,160
Speaker 3: I quite like that idea, do you know?

828
00:36:57,560 --> 00:36:59,239
Speaker 5: I think there's something having a conversation with them and

829
00:36:59,360 --> 00:37:01,840
Speaker 5: just asking why is the wedding the thing that you

830
00:37:02,320 --> 00:37:05,200
Speaker 5: think is worth fun? Is it that outdated? You feel

831
00:37:05,239 --> 00:37:08,120
Speaker 5: like it's your responsibility to pay. Like, our parents are

832
00:37:08,160 --> 00:37:10,359
Speaker 5: of an age where they do come from a different time,

833
00:37:10,600 --> 00:37:12,799
Speaker 5: and I think there's something in just having the conversation

834
00:37:13,000 --> 00:37:15,800
Speaker 5: to understand their perspective, not necessarily to change it.

835
00:37:16,080 --> 00:37:17,520
Speaker 2: Yes, that's true for me.

836
00:37:17,680 --> 00:37:19,160
Speaker 3: I just look at it and go, oh, okay, So

837
00:37:19,320 --> 00:37:21,480
Speaker 3: your parents are probably spending their money in line with

838
00:37:21,560 --> 00:37:25,480
Speaker 3: their values, and like that's a good thing. Next person said,

839
00:37:25,520 --> 00:37:28,239
Speaker 3: parents are emotionally driven when investing in a wedding. There

840
00:37:28,320 --> 00:37:31,040
Speaker 3: is a very big social aspect to that. Not money.

841
00:37:31,360 --> 00:37:33,919
Speaker 4: Ah, that does make sense. Yeah, that's a great point.

842
00:37:34,160 --> 00:37:37,000
Speaker 3: Next person, Financial help should be provided if and when

843
00:37:37,040 --> 00:37:39,800
Speaker 3: it's needed. It doesn't need to be dollar for dollar equal.

844
00:37:40,080 --> 00:37:40,799
Speaker 2: Sure, that's fair.

845
00:37:41,200 --> 00:37:44,080
Speaker 3: Next person said, weddings should not be the only thing

846
00:37:44,239 --> 00:37:46,680
Speaker 3: that is celebrated in our lives, and our parents should

847
00:37:46,719 --> 00:37:47,359
Speaker 3: learn to match.

848
00:37:47,800 --> 00:37:48,040
Speaker 1: Yes.

849
00:37:48,640 --> 00:37:51,360
Speaker 3: Another person said, who's to say you won't get married

850
00:37:51,400 --> 00:37:54,560
Speaker 3: in twenty years? Things could absolutely change. It's also a

851
00:37:54,640 --> 00:37:57,720
Speaker 3: fat take. Then I've got a little too parter. Often

852
00:37:57,800 --> 00:38:00,479
Speaker 3: parents want their kids to get married, so they're happy

853
00:38:00,520 --> 00:38:03,800
Speaker 3: to put that bill. Some want kids to buy homes,

854
00:38:04,000 --> 00:38:07,560
Speaker 3: so they gift a house deposit. Everybody is different. And

855
00:38:07,600 --> 00:38:09,239
Speaker 3: then I have three more for you. I have one

856
00:38:09,320 --> 00:38:12,440
Speaker 3: more two parter. Someone said, so, before becoming a parent,

857
00:38:12,480 --> 00:38:14,560
Speaker 3: I would have totally thought it was unfair and that

858
00:38:14,640 --> 00:38:17,879
Speaker 3: they should be compensated in another way. But now as

859
00:38:17,920 --> 00:38:20,480
Speaker 3: a parent, I know that I don't owe my kids

860
00:38:20,560 --> 00:38:23,800
Speaker 3: any money at all. And then the last one is

861
00:38:24,160 --> 00:38:27,040
Speaker 3: equality versus equity. If you're not having a wedding or

862
00:38:27,080 --> 00:38:30,040
Speaker 3: a baby, then you actually don't need help with that expense.

863
00:38:30,080 --> 00:38:32,719
Speaker 3: Why are you asking? Oh that makes sense to actually yeah,

864
00:38:33,120 --> 00:38:36,279
Speaker 3: so yeah, but that's why it's so nuanced. Yeah, but

865
00:38:36,440 --> 00:38:38,960
Speaker 3: like I actually kind of like that. Your parents have said,

866
00:38:39,120 --> 00:38:41,800
Speaker 3: our values are if you choose to get married, we

867
00:38:41,880 --> 00:38:44,720
Speaker 3: are happy to put that bill. Yes, Like we're not gifting.

868
00:38:45,120 --> 00:38:47,200
Speaker 3: Like I think in the flip side, your parents could

869
00:38:47,200 --> 00:38:50,400
Speaker 3: turn around and say, well, Jessica's getting married. If she

870
00:38:50,560 --> 00:38:53,120
Speaker 3: asked us for twenty thousand dollars, we'd say no. But

871
00:38:53,280 --> 00:38:55,640
Speaker 3: if she's getting married, we will put that bill because

872
00:38:55,680 --> 00:38:57,800
Speaker 3: that's aligned to our values and our goals and what

873
00:38:58,000 --> 00:39:00,319
Speaker 3: we want to be spending our money on. But if

874
00:39:00,360 --> 00:39:02,320
Speaker 3: she chooses not to get marrible, we're not funding it.

875
00:39:02,400 --> 00:39:04,040
Speaker 2: Well, that's true. And I guess it's like, are you

876
00:39:04,080 --> 00:39:05,920
Speaker 2: gonna have a birthday party this year? Yes, well I

877
00:39:06,000 --> 00:39:07,280
Speaker 2: pay for it. If you don't, then.

878
00:39:07,440 --> 00:39:09,240
Speaker 3: I'm not paying for your birthday listen movie not getting

879
00:39:09,280 --> 00:39:10,440
Speaker 3: cash instead?

880
00:39:10,760 --> 00:39:11,600
Speaker 2: Yeah yeah yeah, And.

881
00:39:11,880 --> 00:39:13,520
Speaker 6: After the wedding, they're not going to have cash to show,

882
00:39:13,560 --> 00:39:15,160
Speaker 6: but they're not going to be better off they just

883
00:39:15,200 --> 00:39:15,839
Speaker 6: paid for the wedding.

884
00:39:16,400 --> 00:39:18,280
Speaker 2: I guess it okay, but again it's.

885
00:39:18,200 --> 00:39:20,920
Speaker 3: Just about like, let's really thinking this through. And I

886
00:39:21,040 --> 00:39:23,359
Speaker 3: think that's where you know, when I distell it down,

887
00:39:23,480 --> 00:39:26,480
Speaker 3: maybe it's because I've had so many conversations, and maybe

888
00:39:26,560 --> 00:39:30,000
Speaker 3: I have been privy to a lot of entitlement throughout

889
00:39:30,040 --> 00:39:32,399
Speaker 3: my career, and that's because I worked in the ultra

890
00:39:32,480 --> 00:39:34,800
Speaker 3: high net wealth space, And like, I cannot tell you

891
00:39:35,360 --> 00:39:37,720
Speaker 3: how many times I've wanted to fly across a table

892
00:39:38,120 --> 00:39:40,800
Speaker 3: and fly kick someone because I'm like, can you not

893
00:39:40,960 --> 00:39:44,040
Speaker 3: see the privilege that you have? And you're still complaining? Like,

894
00:39:44,560 --> 00:39:46,880
Speaker 3: I don't know, I just maybe that's coming out of

895
00:39:46,960 --> 00:39:48,760
Speaker 3: me in a little bit of a spicy way today.

896
00:39:49,239 --> 00:39:51,080
Speaker 3: So maybe I need to go to McDonald's and get

897
00:39:51,080 --> 00:39:52,359
Speaker 3: a really crispy coking cold.

898
00:39:53,560 --> 00:39:55,040
Speaker 2: All right, Well that's the end of the show.

899
00:39:55,120 --> 00:39:57,719
Speaker 3: Then, guys, thank you so much for sticking around for

900
00:39:57,760 --> 00:39:59,640
Speaker 3: another Friday episode, and we'll see you bright and early

901
00:39:59,680 --> 00:40:02,359
Speaker 3: on Monday day morning for a money diary, Bye Buys.

902
00:40:08,920 --> 00:40:11,440
Speaker 7: The advice shared on She's on the Money is general

903
00:40:11,520 --> 00:40:15,319
Speaker 7: in nature and does not consider your individual circumstances. She's

904
00:40:15,400 --> 00:40:18,800
Speaker 7: on the Money exists purely for educational purposes and should

905
00:40:18,880 --> 00:40:22,040
Speaker 7: not be relied upon to make an investment or financial decision.

906
00:40:22,440 --> 00:40:24,879
Speaker 7: If you do choose to buy a financial product, read

907
00:40:24,920 --> 00:40:29,000
Speaker 7: the PDS TMD and obtain appropriate financial advice tailored towards

908
00:40:29,080 --> 00:40:32,359
Speaker 7: your needs Victoria divine and she's on the money. Are

909
00:40:32,440 --> 00:40:36,359
Speaker 7: authorized representatives of money sheper pty Ltd.

910
00:40:36,280 --> 00:40:39,719
Speaker 3: ABN three two one six four nine two seven seven

911
00:40:39,880 --> 00:40:43,319
Speaker 3: zero eight AFSL four five one two eight nine