WEBVTT - Return of the Debt: Why Does This Keep Happening To Me?

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<v Speaker 1>My name's Satasha Bamblet. I'm a proud First Nations woman

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<v Speaker 1>and I'm here to acknowledge country. Te Glenn Young Ganya Niana,

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<v Speaker 1>kaka ya Ya Binahwaka nian ur gay In Mbini, yakarum

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<v Speaker 1>Jar Doumayagumika Umaga, Ihowaka Nilewaman damon Immalan, Bumba bang Gada,

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<v Speaker 1>boma In and now in waka ghana on yak rum

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<v Speaker 1>jar Watanadaa. Hello, beautiful friends, we gather on the lands

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<v Speaker 1>of the Aboriginal people. We thank, acknowledge and respect the

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<v Speaker 1>Abiginal people's land that we're gathering on today. Take pleasure

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<v Speaker 1>in all the land and respect all that you see.

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<v Speaker 1>She's on the Money podcast acknowledges culture, country, community and connections,

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<v Speaker 1>bringing you the tools, knowledge and resources for you to thrive.

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<v Speaker 2>She's on the Money.

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<v Speaker 3>She's on the Money. Hello and welcome to She's on

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<v Speaker 3>the Money, the podcast that makes personal finances fun. You've

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<v Speaker 3>called us at our favorite time of the week. That

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<v Speaker 3>is right, my friends. It is Friday drinks time where

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<v Speaker 3>we get together and celebrate you our very money savvy community.

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<v Speaker 3>I am Victoria Devine and while Jess is away I'm

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<v Speaker 3>going to be sharing some money wins from the feed

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<v Speaker 3>and joining me today is miss Beck, sayed, the brain's

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<v Speaker 3>behind our weekly broke tips. Beck, are you excited to.

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<v Speaker 4>Do a V and B?

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<v Speaker 3>I am, I'm scared, but I'm excited. Well, it's better

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<v Speaker 3>than the B and J just like alphabetically speaking. No,

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<v Speaker 3>you're so right, absolutely like it could have been a

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<v Speaker 3>slippery slope. But guys, this is a g rated money podcast.

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<v Speaker 3>I am more used to V yeah, yeah, yeah, yeah,

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<v Speaker 3>that's true. That's true. And I'm more used to b

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<v Speaker 3>ah genders. Let's not let's not talk's let's move on

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<v Speaker 3>in true Friday form, Beck, where you are going to

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<v Speaker 3>be discussing a couple of timely money dilemmas concerning our

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<v Speaker 3>community members debt, including how to get rid of it

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<v Speaker 3>and whether you should I think that could be a

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<v Speaker 3>little bit saucy, right, And if you've got a salacious

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<v Speaker 3>dilemma to share with us, or a pressing DM that

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<v Speaker 3>needs answering on our podcast, please send it through. We

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<v Speaker 3>don't just want to reply to your dms. We get

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<v Speaker 3>so excited to reply to your dms. And if your

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<v Speaker 3>DAM involves a little bit of cheeky side gossip that

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<v Speaker 3>we're not involved in, but we get to hear about Beck.

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<v Speaker 3>Are we there? Oh my god, I so there? With

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<v Speaker 3>bells on. Anyway, we accept love letters in our inbox

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<v Speaker 3>and voicemails on our website. Simply hit the podcast page

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<v Speaker 3>and leave your message after the beep. Speaking of beep,

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<v Speaker 3>it is time to This is so lame, but it

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<v Speaker 3>is time for us to toot our own horn. Oh

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<v Speaker 3>my god, I was wondering how you would work it in.

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<v Speaker 3>That's I try. Maybe I'll try harder next week.

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<v Speaker 5>I love it.

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<v Speaker 3>It is time for our five star review Beck. And

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<v Speaker 3>if you're a longtime listener and you reckon that that

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<v Speaker 3>she's on the Money Show is a bit alright, Like

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<v Speaker 3>I reckon, it's time for you to leave us a

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<v Speaker 3>review because you know what it does. I actually don't know.

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<v Speaker 3>It's kind of like it makes our day. It does,

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<v Speaker 3>it makes our day. But I know that there's some

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<v Speaker 3>kind of podcast algorithm. Yes, and like if a podcast

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<v Speaker 3>has lots of good reviews, the algorithm goes, oh, that's

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<v Speaker 3>quite like a good thing. We should be pushing this

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<v Speaker 3>to more people who need to hear it. Yes, and

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<v Speaker 3>then that's good because I guess we make more friends,

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<v Speaker 3>make more friends. I love friends. That's so true. But literally,

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<v Speaker 3>like it helps us somehow through the algorithm you mostly,

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<v Speaker 3>Beck helps our egos exactly, and that's arguably the most

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<v Speaker 3>important thing. And we love to read our reviews, not

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<v Speaker 3>the one star ones. We do read those. They do

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<v Speaker 3>definitely get the screenshot and shared in our group chats.

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<v Speaker 3>They hurt. Yeah, but sometimes you're like, babe, thanks for

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<v Speaker 3>the one star review that Victoria's voice is annoying. Oh

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<v Speaker 3>but I can't do anything about that, and like painful.

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<v Speaker 3>I don't know about you, Beck, but when I was

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<v Speaker 3>growing up, my mum always said that you should never

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<v Speaker 3>ever give somebody feedback about themselves that they can't change

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<v Speaker 3>within ten seconds. Yes, so like, I'm not going to

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<v Speaker 3>talk to you about anything unless you're like, you've got

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<v Speaker 3>something in your teeth. Yeah, you could fix that immediately,

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<v Speaker 3>for sure, that's quite helpful. For sure. Oh you've got

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<v Speaker 3>something on your face, Oh, let me help you.

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<v Speaker 5>But also, as a listener of podcasts, I understand the

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<v Speaker 5>frustration of being like irritated by someone. But also if

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<v Speaker 5>you're not forced to do it, then don't worry.

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<v Speaker 3>Just like, don't do it.

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<v Speaker 4>Yeah.

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<v Speaker 3>Like, the craziest thing about this show is it is

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<v Speaker 3>entirely consensual. Yeah, Like, you choose to be here, and

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<v Speaker 3>if you don't want to be here anymore, guess what, Beck,

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<v Speaker 3>Well you can opt out. Well that's crazy. Anyway. Anyway,

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<v Speaker 3>would you like to hear a five star review from

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<v Speaker 3>a friend called Ruby? Yes? Please? Okay? Ruby says, I

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<v Speaker 3>just had to write to say a huge thank you.

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<v Speaker 3>I've only just started listening to this podcast for the

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<v Speaker 3>last two months, and I've learned so much about finance,

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<v Speaker 3>and I've signed up to do all of your courses.

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<v Speaker 3>I've redone my family's budget, and I've even emailed to

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<v Speaker 3>see one of your mortgage brokers. But the biggest thing

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<v Speaker 3>I've taken from your podcast is after listening to the

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<v Speaker 3>episode about the Lady who loved to Tech, and then

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<v Speaker 3>the following podcast about jobs, I decided I no longer

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<v Speaker 3>wanted to just be my husband's occasional admin helper and

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<v Speaker 3>instead completely redid my own resume. I wrote a cover

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<v Speaker 3>letter just how Victoria said, and thought about my life

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<v Speaker 3>skills that I've gained as a mum of three. I've

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<v Speaker 3>already been asked to do three interviews in three completely

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<v Speaker 3>new industries. To me, I feel like your podcast has

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<v Speaker 3>given me so much confidence and possibly even in New

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<v Speaker 3>Korea with a seventy five thousand dollars earning potential that

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<v Speaker 3>will not only get our family to our dream home quicker,

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<v Speaker 3>but into shares and all. Thank you so much. Oh

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<v Speaker 3>my god, it's amazing. That's so cool. Literally, like and

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<v Speaker 3>you know, I don't know this person at all, but no,

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<v Speaker 3>but I love, Like I don't know you, but I love.

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<v Speaker 5>I love honestly, this is that amazing, Like we genuinely

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<v Speaker 5>it's so happy because you could have, you know, just

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<v Speaker 5>maybe not had your own things to fall back on

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<v Speaker 5>just in case something went awry, and now you.

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<v Speaker 3>Do and that's incredible. But also just I love that

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<v Speaker 3>you heard what I was trying to put out because

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<v Speaker 3>I didn't do a whole podcast on the fact that

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<v Speaker 3>I think that people who have taken time out of

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<v Speaker 3>the workforce to you know, look after kids or even

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<v Speaker 3>in caring roles, like I've got a friend at the

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<v Speaker 3>moment who's just exited the workforce to look after an

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<v Speaker 3>aging grandparent, and I just I think that's so special.

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<v Speaker 3>But as I said to her, like what skills are

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<v Speaker 3>you gaining? How do we quantify this? Like, if you

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<v Speaker 3>have three children, I'm sorry, you know what you're really

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<v Speaker 3>good at? Time management? Oh? Yeah, you know what you're

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<v Speaker 3>good at conflict resolution. Like there's just so many things

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<v Speaker 3>that you can say. Look, if I can deal with

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<v Speaker 3>three kids, I promise you I can deal with a

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<v Speaker 3>nine to five for sure. Like, there is just so

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<v Speaker 3>much And I think that so many times we've fed

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<v Speaker 3>this narrative that you're not good enough, you're not worthy enough,

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<v Speaker 3>you've been out of the industry, Like, especially in roles

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<v Speaker 3>where the industry is relatively fast moving, you're often pushed

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<v Speaker 3>to the side really easily, like marketing for example, Like, oh, well,

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<v Speaker 3>marketing's changed and since you've left, social media has taken off, etc. Etc.

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<v Speaker 3>And you're just like, yeah, but I'm not an idiot.

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<v Speaker 3>Do you really think that I haven't been watching social

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<v Speaker 3>media in my downtime?

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<v Speaker 4>Yeah?

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<v Speaker 3>Like, girl, you have so many skills, just put them

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<v Speaker 3>on paper. You absolutely can do it. That's amazing.

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<v Speaker 4>I love it.

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<v Speaker 3>I just I'm so excited that we're bringing you one

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<v Speaker 3>step closer to like financial freedom. Yeah hell yeah, but

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<v Speaker 3>also that confidence you're like I did this and then

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<v Speaker 3>I did this, and then I did that, and like

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<v Speaker 3>you don't even have to have any money yet and

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<v Speaker 3>you feel better about yourself. Yeah, hell yeah, that's so

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<v Speaker 3>so cool, all right, berck. Now, of course we need

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<v Speaker 3>to seguay away from that, because it is time for

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<v Speaker 3>the Question of the Week, that moment where we sift

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<v Speaker 3>through all of your non financial questions and pick the

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<v Speaker 3>best one each week to ask each other. And this

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<v Speaker 3>one comes from a friend called Jamie, and Jamie asks,

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<v Speaker 3>if you had a theme song play when you walked

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<v Speaker 3>into a room, what would it be? Oh my god,

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<v Speaker 3>I actually know this, do you? Because I just I

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<v Speaker 3>felt it this song in it song from Eurhythmics. There

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<v Speaker 3>must be an angel. I don't sorry, thank you so much.

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<v Speaker 3>There must be an angel, as Beck walks in.

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<v Speaker 5>Yeah, but it's and I know it sounds very like vain,

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<v Speaker 5>but it's not. It's not directed inwood. It's like there

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<v Speaker 5>must be an angel.

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<v Speaker 3>Like it's like the world around.

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<v Speaker 5>Me feels magical. Yeah, okay, I love something like that. Anyways,

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<v Speaker 5>it and it doesn't make sense right now, but this no.

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<v Speaker 3>But I will listen to it. I'm confused about what

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<v Speaker 3>mine might be. It just reminds me of a time

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<v Speaker 3>that happened this year when and I do apologize if

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<v Speaker 3>you were at this event or you organize this event,

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<v Speaker 3>because I didn't love this part, but I loved being

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<v Speaker 3>at the event, so please don't cancel me. I was

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<v Speaker 3>doing a speaking event. There were hundreds of women in

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<v Speaker 3>the room, right, really cool opportunity. I get up to

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<v Speaker 3>walk on stage because they're like, uh, Victoria is the

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<v Speaker 3>keynote speaker, Like cool, my time to shine and they

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<v Speaker 3>stop playing Katie Harry Raw Okay, was just like, oh,

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<v Speaker 3>in this moment, I would rather die, like like.

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<v Speaker 6>And you're gonna hear me, yeah, And I'm just like

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<v Speaker 6>oh oh, and like that just felt like so stereotypical,

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<v Speaker 6>Like it gives me, like I don't know, two thousand

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<v Speaker 6>and nine Girl Boss vibes of like oh it.

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<v Speaker 3>Just okay, it's so not me. What about this girl

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<v Speaker 3>is some fire that's just as bad? That is horrific. Okay,

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<v Speaker 3>that is horrific. Like I feel like the song that

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<v Speaker 3>I'm thinking of is like I'm walking on Sunshine. Oh

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<v Speaker 3>that's called like something fun, like something fun, something like

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<v Speaker 3>you know about the vibes as opposed truly about me.

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<v Speaker 3>As an individual. Oh yeah, yeah, yes, the raw thing

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<v Speaker 3>girl I wanted to You have to embrace it and

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<v Speaker 3>be like yeah, yay woo, because you're not going to

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<v Speaker 3>bring the vibe down of your own keynote present. But

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<v Speaker 3>also you'd be like, hey, like, why was that my

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<v Speaker 3>sting song? You know, totally, that's so funny.

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<v Speaker 5>It's so funny that also in this way, to see

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<v Speaker 5>how people perceive you, Like, it'd be nice to know

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<v Speaker 5>what other people think your theme song is, because yeah,

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<v Speaker 5>and that in the Spotify.

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<v Speaker 3>Comments, we'll read that one this way exactly. What's the

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<v Speaker 3>She's on the Money theme song specifically for each member

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<v Speaker 3>of the team.

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<v Speaker 5>Yeah, and then let us pick you as well. It's like,

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<v Speaker 5>what color are you? I feel like it really paints

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<v Speaker 5>a picture.

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<v Speaker 3>What color are you? I don't know color I am?

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<v Speaker 3>But I know what color you are? Oh yeah, what

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<v Speaker 3>color am I? You're like a regal purple and gold? What?

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<v Speaker 5>Yeah, you're quite regal and also classy and also like

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<v Speaker 5>I don't know how.

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<v Speaker 3>To explain it, but you're like mother, Oh yeah, I

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<v Speaker 3>appreciate you. You're green? Did you know that you were green?

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<v Speaker 3>What's gorgeous? I didn't know that, but that's that's beautiful,

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<v Speaker 3>like not because you're wearing green, but like earthy and

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<v Speaker 3>wholesome and like I don't know, like like the grass,

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<v Speaker 3>like you just want to like roll around in the grass,

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<v Speaker 3>like I don't know. Green is good. That's so sweet.

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<v Speaker 3>Things like green light, green light, bring like green flag

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<v Speaker 3>like all of that. Thank you for not picking red.

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<v Speaker 3>Oh my god, of course I appreciate it. I just

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<v Speaker 3>I feel like there are so many fun possibilities and

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<v Speaker 3>so many questions that we could dive into. But people

0:11:20.120 --> 0:11:22.600
<v Speaker 3>have mostly come here because they want to hear finance

0:11:22.760 --> 0:11:25.480
<v Speaker 3>topics and like dms and stuff, so maybe we should

0:11:25.520 --> 0:11:29.320
<v Speaker 3>get into that. So anyway, put your suggestions for our

0:11:29.440 --> 0:11:32.719
<v Speaker 3>color and our song into the Spotify comments section. But

0:11:32.800 --> 0:11:35.199
<v Speaker 3>we also want to hear what Jess is, Yes, we do.

0:11:35.280 --> 0:11:37.720
<v Speaker 3>What do you think Jess is yellow?

0:11:38.120 --> 0:11:38.240
<v Speaker 4>Oh?

0:11:38.400 --> 0:11:40.960
<v Speaker 3>Jess is yellow? For sure? You agree? Yes? And also

0:11:41.080 --> 0:11:44.839
<v Speaker 3>like a mauve pink? Oh yeah, like a really like

0:11:45.280 --> 0:11:51.280
<v Speaker 3>like soft purple okay, yeah, like lavender like softer. Oh

0:11:51.360 --> 0:11:53.440
<v Speaker 3>my god, it's so cute, isn't she cute? We are

0:11:53.520 --> 0:11:56.439
<v Speaker 3>on the same page here, Yeah, what's her song? Well?

0:11:56.640 --> 0:11:58.680
<v Speaker 5>I don't want to go tailor swift because she's obsessed

0:11:58.679 --> 0:12:01.600
<v Speaker 5>with tailor swift. But something like that, something that's like upbeat,

0:12:01.679 --> 0:12:04.120
<v Speaker 5>like exactly like this Sunshine song. You know, Yeah, I

0:12:04.200 --> 0:12:05.800
<v Speaker 5>reckon she's walking on sunshine too.

0:12:06.120 --> 0:12:07.160
<v Speaker 3>Yeah, I agree.

0:12:07.840 --> 0:12:08.120
<v Speaker 4>All right.

0:12:08.240 --> 0:12:11.160
<v Speaker 3>Moving on from that, let's get into this week's money

0:12:11.200 --> 0:12:13.760
<v Speaker 3>wins from our community. And I have picked them this week,

0:12:13.880 --> 0:12:17.000
<v Speaker 3>so I hope they're as good as Jesses. Okay, right, Beck.

0:12:17.320 --> 0:12:21.000
<v Speaker 3>First one, I love this because it just feels like

0:12:21.360 --> 0:12:25.040
<v Speaker 3>a very she is on the money money win. Grace says,

0:12:25.240 --> 0:12:27.839
<v Speaker 3>I hit fifty thousand dollars in my savings. Amazing. I

0:12:27.960 --> 0:12:30.600
<v Speaker 3>started it ten years ago and I've slowly been chipping

0:12:30.640 --> 0:12:33.160
<v Speaker 3>away at it and I've finally achieved it. Oh my god,

0:12:33.200 --> 0:12:37.280
<v Speaker 3>it's amazing. Isn't that phenomenal? Like literally so exciting. But

0:12:37.920 --> 0:12:42.440
<v Speaker 3>what a big feat I feel like after ten years. Yeah,

0:12:42.840 --> 0:12:45.920
<v Speaker 3>so many people give up and it's just anyway, I

0:12:46.000 --> 0:12:48.920
<v Speaker 3>love it. Another one, this is from Emily. Emily said,

0:12:49.000 --> 0:12:51.559
<v Speaker 3>I've needed a new fan for a wood heater for years,

0:12:51.679 --> 0:12:53.880
<v Speaker 3>and at three hundred dollars, we put up with it.

0:12:54.040 --> 0:12:57.280
<v Speaker 3>Just being wowed. My husband's dropped off our old dryer

0:12:57.360 --> 0:13:00.520
<v Speaker 3>at the metal recycling place to see the exact same

0:13:00.559 --> 0:13:03.319
<v Speaker 3>heater sitting there, so we pulled out the fan. One

0:13:03.400 --> 0:13:07.040
<v Speaker 3>man's trash really is another man's treasure. Hell yeah, how

0:13:07.080 --> 0:13:08.600
<v Speaker 3>good's that? That's so good?

0:13:08.800 --> 0:13:09.040
<v Speaker 4>Do you know?

0:13:09.200 --> 0:13:11.800
<v Speaker 3>I saw one of my girlfriend's post that she went

0:13:12.000 --> 0:13:14.640
<v Speaker 3>to the tip shop in Mornington the other day. Oh

0:13:14.800 --> 0:13:16.760
<v Speaker 3>my god, the tip shop. Did you know that there

0:13:16.800 --> 0:13:18.839
<v Speaker 3>were tip shops? I didn't know, but I didn't know

0:13:18.840 --> 0:13:20.679
<v Speaker 3>there was one in Mornington. Well the more you know,

0:13:21.000 --> 0:13:23.720
<v Speaker 3>I literally was shook because I didn't know that tips

0:13:23.800 --> 0:13:26.120
<v Speaker 3>had shops. And then she's showing all these things that

0:13:26.200 --> 0:13:29.720
<v Speaker 3>were for sale at the tip shop and I was like, sorry,

0:13:30.360 --> 0:13:32.960
<v Speaker 3>in my head, Beck, it's at the tip shop because

0:13:32.960 --> 0:13:34.199
<v Speaker 3>someone was about to throw it out?

0:13:34.320 --> 0:13:34.440
<v Speaker 6>Right?

0:13:35.080 --> 0:13:38.120
<v Speaker 3>What the hell? Why was there so much good stuff

0:13:38.160 --> 0:13:40.160
<v Speaker 3>about to go in the bin? What are you guys doing?

0:13:40.240 --> 0:13:43.760
<v Speaker 3>Why wasn't that donated? I know, it's so crazy. I mean,

0:13:43.840 --> 0:13:45.839
<v Speaker 3>see that hard rubbish. A lot of good things, but

0:13:46.040 --> 0:13:48.559
<v Speaker 3>hard rubbish. I fear like you put something out in

0:13:48.600 --> 0:13:51.240
<v Speaker 3>the hope that someone will grab it, like, I don't know,

0:13:51.440 --> 0:13:51.760
<v Speaker 3>I don't know.

0:13:51.920 --> 0:13:52.199
<v Speaker 6>I know.

0:13:52.920 --> 0:13:55.719
<v Speaker 3>Next one, Christina says, and I feel like this is

0:13:55.880 --> 0:13:58.280
<v Speaker 3>one that you won't resonate with because whenever you go

0:13:58.360 --> 0:14:01.080
<v Speaker 3>to the pub, Beck, you order a water, but she says,

0:14:01.400 --> 0:14:03.439
<v Speaker 3>I keep this wine lid and she's like, put a

0:14:03.480 --> 0:14:05.439
<v Speaker 3>picture of a wine lid up in my handbag on

0:14:05.480 --> 0:14:07.599
<v Speaker 3>the occasion that we just don't finish the bottle of

0:14:07.640 --> 0:14:10.080
<v Speaker 3>wine we've ordered at the pub or the club. Might

0:14:10.160 --> 0:14:12.360
<v Speaker 3>only be a glass, but it's better in my fridge

0:14:12.440 --> 0:14:16.000
<v Speaker 3>than wasted. And they always seem to take the tops. Yes,

0:14:16.240 --> 0:14:19.400
<v Speaker 3>so true. Okay, that's a diabolical that, like they just

0:14:19.480 --> 0:14:21.440
<v Speaker 3>take the lid away and the hope that like you

0:14:21.520 --> 0:14:27.080
<v Speaker 3>won't take it. Yeah, weird. We have a new commentor, Carson.

0:14:27.440 --> 0:14:30.000
<v Speaker 3>Carson says, I'm a first time commenter and I want

0:14:30.040 --> 0:14:32.840
<v Speaker 3>to share my money with shopped at Woolworth's this week.

0:14:32.960 --> 0:14:35.680
<v Speaker 3>It came to a total of three hundred dollars. Then

0:14:35.720 --> 0:14:38.240
<v Speaker 3>I scanned my partner's Everyday Rewards card and we got

0:14:38.280 --> 0:14:42.320
<v Speaker 3>a total of fifty dollars off between points, worker discount

0:14:42.440 --> 0:14:45.800
<v Speaker 3>and shopping savings. Wow, isn't that a good deal? Yeah,

0:14:45.840 --> 0:14:49.640
<v Speaker 3>that's great. Also, welcome to commenting. Welcome all right, another

0:14:49.720 --> 0:14:51.560
<v Speaker 3>one and I'm gonna leave this as my last one.

0:14:51.600 --> 0:14:54.560
<v Speaker 3>This one's from Rebecca and she says, Okay, guys, I've

0:14:54.680 --> 0:14:58.120
<v Speaker 3>been waiting for this. My skill Share free trial was

0:14:58.320 --> 0:15:00.520
<v Speaker 3>ending and I didn't want to pay for full price

0:15:00.640 --> 0:15:03.480
<v Speaker 3>for a subscription, so I emailed and asked if they

0:15:03.480 --> 0:15:07.000
<v Speaker 3>could extend my trial or offer a discount. I scored

0:15:07.160 --> 0:15:09.640
<v Speaker 3>fifty percent off for the year, and I saved a

0:15:09.720 --> 0:15:13.200
<v Speaker 3>total of seventy eight bucks. If you don't ask, my friends,

0:15:13.480 --> 0:15:17.040
<v Speaker 3>you don't get Oh incredible, isn't that so good? But

0:15:17.240 --> 0:15:20.120
<v Speaker 3>like very she's on the money. Coded. If you don't ask,

0:15:20.200 --> 0:15:22.160
<v Speaker 3>you don't get Like, what's the worst thing that can

0:15:22.240 --> 0:15:23.040
<v Speaker 3>happen if you ask?

0:15:23.160 --> 0:15:23.360
<v Speaker 4>Beck?

0:15:24.280 --> 0:15:26.560
<v Speaker 5>Honestly nothing? And then these people are going to see

0:15:26.600 --> 0:15:27.880
<v Speaker 5>you again. Like you don't have to worry about being

0:15:27.920 --> 0:15:29.760
<v Speaker 5>awkward or shy because.

0:15:29.640 --> 0:15:31.520
<v Speaker 3>Also they're just going to say no, and you just

0:15:31.600 --> 0:15:34.280
<v Speaker 3>be polite and go thanks so much, friend, exactly like, oh,

0:15:34.400 --> 0:15:36.600
<v Speaker 3>no worries, full stop. End of story. I'll go about

0:15:36.640 --> 0:15:40.280
<v Speaker 3>my day and cancel my free trial. That's it, exactly

0:15:40.560 --> 0:15:44.160
<v Speaker 3>all right, Beck, we are segueghing into your broke tips.

0:15:44.200 --> 0:15:46.000
<v Speaker 3>What have you got to share this week? Okay, so

0:15:46.160 --> 0:15:48.680
<v Speaker 3>first up, I have I know that I've mentioned this

0:15:48.800 --> 0:15:50.000
<v Speaker 3>name before. Isn't that crazy?

0:15:50.040 --> 0:15:54.160
<v Speaker 5>They have the exact same name enthusiastic Arugula, is it actually,

0:15:54.440 --> 0:15:57.440
<v Speaker 5>it actually is, but it's the anonymous one, and so

0:15:57.840 --> 0:16:00.560
<v Speaker 5>I I with the anonymous.

0:16:00.200 --> 0:16:02.840
<v Speaker 3>Steff guys, own your comments. I want to know who

0:16:02.880 --> 0:16:05.320
<v Speaker 3>you are because I'm really creepy. I only want to connect.

0:16:05.440 --> 0:16:07.000
<v Speaker 5>We want to connect, and so I am a little

0:16:07.040 --> 0:16:08.840
<v Speaker 5>bit more I'd say liberal when it comes to reading

0:16:08.880 --> 0:16:09.760
<v Speaker 5>out anonymous, but I.

0:16:09.800 --> 0:16:14.640
<v Speaker 3>Will try and tighten it up. So enthusiastic Arugula said,

0:16:15.120 --> 0:16:17.600
<v Speaker 3>I ordered my kids Guzman.

0:16:17.360 --> 0:16:19.920
<v Speaker 5>Egomez for dinner a couple of days ago. Down out

0:16:19.960 --> 0:16:21.640
<v Speaker 5>of the app and I checkout, it said to click

0:16:21.720 --> 0:16:24.480
<v Speaker 5>for a free breedo. Instead of a free breedo. It

0:16:24.600 --> 0:16:27.040
<v Speaker 5>took the cost off my cart. So what should have

0:16:27.120 --> 0:16:30.200
<v Speaker 5>cost fifty dollars fifty ended up costing me thirty cents.

0:16:30.840 --> 0:16:32.240
<v Speaker 3>The story money win.

0:16:32.440 --> 0:16:34.080
<v Speaker 5>I know, if you haven't already got the app, sign

0:16:34.160 --> 0:16:35.680
<v Speaker 5>up and take advantage of this offer, which I do

0:16:35.840 --> 0:16:37.240
<v Speaker 5>know because I do have the app.

0:16:37.600 --> 0:16:38.480
<v Speaker 3>It is really good.

0:16:38.520 --> 0:16:41.560
<v Speaker 5>I feel like there's constantly little offers like I'm always

0:16:41.560 --> 0:16:44.080
<v Speaker 5>either getting something free or something it's like cheap or

0:16:44.120 --> 0:16:44.520
<v Speaker 5>something like that.

0:16:44.680 --> 0:16:47.480
<v Speaker 3>That's me in the macas app. Yes, the macas app,

0:16:47.520 --> 0:16:49.760
<v Speaker 3>and I ty I have not dabbled in that yet.

0:16:49.800 --> 0:16:52.160
<v Speaker 3>But I need to stop talking about the Macas app though,

0:16:52.160 --> 0:16:56.520
<v Speaker 3>because Macis is a huge corporation that could be sponsoring this. Imagine,

0:16:56.640 --> 0:17:00.120
<v Speaker 3>I know, Macca's money Wins or something. Yeah, what the hell,

0:17:00.160 --> 0:17:02.200
<v Speaker 3>because you know what's a money win? The fact that

0:17:02.400 --> 0:17:06.120
<v Speaker 3>macas brought back the fifty cent cone. Oh my god,

0:17:06.200 --> 0:17:08.239
<v Speaker 3>did they bring that back? They brought that back? Well

0:17:08.280 --> 0:17:11.639
<v Speaker 3>it's about bloody time exactly. But also they're just girls,

0:17:11.760 --> 0:17:15.000
<v Speaker 3>like they know that in a cozy Livis situation, you

0:17:15.080 --> 0:17:17.639
<v Speaker 3>know what's going to light us up inside a fifty

0:17:17.720 --> 0:17:20.800
<v Speaker 3>cent cone? Exactly. We don't have that much money, you guys.

0:17:21.400 --> 0:17:25.200
<v Speaker 3>But also we deserve sweet treats. Yeah, we really do.

0:17:25.640 --> 0:17:27.359
<v Speaker 3>Now they're accessible again.

0:17:28.400 --> 0:17:30.920
<v Speaker 5>Okay, So this next one comes from Jen who says

0:17:31.320 --> 0:17:34.359
<v Speaker 5>if you insert your card instead of tapping your card,

0:17:34.560 --> 0:17:37.320
<v Speaker 5>then you kind of get rid of the additional fee.

0:17:37.880 --> 0:17:39.480
<v Speaker 5>And I did google it to see like, do you

0:17:39.520 --> 0:17:42.240
<v Speaker 5>get like a Karlie if you insert? And it was like, no,

0:17:42.440 --> 0:17:44.720
<v Speaker 5>you don't get like the additional card fee on top

0:17:44.760 --> 0:17:46.480
<v Speaker 5>of the card fee.

0:17:46.359 --> 0:17:48.400
<v Speaker 3>When you I had no idea that was a thing.

0:17:48.480 --> 0:17:50.560
<v Speaker 3>I know, is that crazy? I didn't know either. That's

0:17:50.640 --> 0:17:54.680
<v Speaker 3>diabolic hall. Actually, isn't it cheek That is cheeky and

0:17:54.800 --> 0:17:56.200
<v Speaker 3>sneaky and really rude.

0:17:56.440 --> 0:17:59.920
<v Speaker 5>It is, so don't tap anymore insert, go back to insert.

0:18:00.440 --> 0:18:03.240
<v Speaker 5>They could all seem like innuendos, and I promise they're not.

0:18:03.640 --> 0:18:05.920
<v Speaker 3>And then but this isn't the b n J show.

0:18:06.080 --> 0:18:10.760
<v Speaker 5>This is the BnB show exactly right, So a lot

0:18:10.840 --> 0:18:15.159
<v Speaker 5>more inclusive now, my one. And I know this sounds crazy,

0:18:15.320 --> 0:18:17.840
<v Speaker 5>and I was a little bit too shy to do

0:18:17.960 --> 0:18:22.480
<v Speaker 5>this because it's insane, but I measured the amount of

0:18:22.800 --> 0:18:26.160
<v Speaker 5>dribble that comes out of the petrol hose.

0:18:26.840 --> 0:18:27.880
<v Speaker 3>You measured her, I did.

0:18:27.960 --> 0:18:29.199
<v Speaker 5>I had to take a friendly because I was too

0:18:29.280 --> 0:18:31.159
<v Speaker 5>scared to go alone. I'm scared someone's gonna yell at me.

0:18:31.359 --> 0:18:32.159
<v Speaker 5>But I did measure it.

0:18:32.480 --> 0:18:35.520
<v Speaker 3>I was like, wow, well, I just got like a

0:18:35.560 --> 0:18:37.320
<v Speaker 3>little you know when you like, so I filled it

0:18:37.400 --> 0:18:40.200
<v Speaker 3>up and then I got like a little plastic like

0:18:40.320 --> 0:18:43.920
<v Speaker 3>a urine sample cup almost like yeah, exactly, like a

0:18:44.000 --> 0:18:46.280
<v Speaker 3>plastic cylinder and like, and then I pulled it out

0:18:46.800 --> 0:18:48.399
<v Speaker 3>and then just like let it dribble in there, and

0:18:48.480 --> 0:18:49.440
<v Speaker 3>I waited for a little while.

0:18:49.520 --> 0:18:51.800
<v Speaker 5>It was about fifty mill which is like who cares,

0:18:52.359 --> 0:18:55.520
<v Speaker 5>but what I'm saying is instead of pulling it straight out.

0:18:55.560 --> 0:18:56.840
<v Speaker 5>I know a lot of people do do this. They

0:18:56.880 --> 0:18:59.680
<v Speaker 5>give it a little shake and they wait, ah huh,

0:19:00.119 --> 0:19:00.960
<v Speaker 5>saying stay.

0:19:00.800 --> 0:19:03.600
<v Speaker 2>There for as long as you can before you're like, okay,

0:19:03.600 --> 0:19:06.080
<v Speaker 2>I've really got to get home with my life, right,

0:19:06.320 --> 0:19:07.879
<v Speaker 2>Say there for as long as you can, because that

0:19:08.240 --> 0:19:11.800
<v Speaker 2>small amount will add up over time you can.

0:19:11.760 --> 0:19:14.479
<v Speaker 3>Get a whole free tank. That's true. You were right.

0:19:14.600 --> 0:19:19.119
<v Speaker 3>That was full of innuendo. That was really like I

0:19:19.320 --> 0:19:21.280
<v Speaker 3>wasn't sure if I was in sex ed or if

0:19:21.320 --> 0:19:25.600
<v Speaker 3>I was talking about the bowser. You know. Anyway, that's

0:19:25.800 --> 0:19:28.000
<v Speaker 3>really good tip, Beck, and I am so glad that

0:19:28.080 --> 0:19:31.120
<v Speaker 3>you shared it. Thank you. Is that where we're ending

0:19:31.200 --> 0:19:35.680
<v Speaker 3>broke tips this week? Unfortunately, that's it. I'm really grateful.

0:19:35.840 --> 0:19:37.600
<v Speaker 3>I'm really grateful for those of you who want to

0:19:37.640 --> 0:19:41.840
<v Speaker 3>follow along to bes how to get pregnant guy. We'll

0:19:41.880 --> 0:19:43.840
<v Speaker 3>announce that in the second segment of this show. But

0:19:43.880 --> 0:19:45.480
<v Speaker 3>we're going to go to a really quick break and

0:19:45.560 --> 0:19:48.440
<v Speaker 3>on the flip side, we're going to dive straight into

0:19:48.560 --> 0:19:55.760
<v Speaker 3>our questions. My friends, welcome back. It is time for

0:19:55.960 --> 0:20:00.359
<v Speaker 3>our weekly dilemma, and this one might feel particularly relevant. Actually,

0:20:00.440 --> 0:20:04.239
<v Speaker 3>if you have a little bit of heex stet. Hi,

0:20:04.400 --> 0:20:06.760
<v Speaker 3>there have you got a money dilemma you just can't

0:20:06.840 --> 0:20:09.440
<v Speaker 3>solve that. She's on the Money Team is here to help.

0:20:09.840 --> 0:20:12.840
<v Speaker 3>Every week we tackle your dilemmas, both big and small,

0:20:12.920 --> 0:20:15.920
<v Speaker 3>to answer your most burning money, career and life questions.

0:20:16.200 --> 0:20:18.680
<v Speaker 3>To get involved, simply head to our website and leave

0:20:18.760 --> 0:20:20.880
<v Speaker 3>us a short voice recording and you might just find

0:20:20.920 --> 0:20:23.520
<v Speaker 3>yourself on the show. Now, let's take a listen to

0:20:23.680 --> 0:20:24.840
<v Speaker 3>this week's money dilemma.

0:20:27.440 --> 0:20:31.359
<v Speaker 4>Hi, She's on the Money Team. I have a question

0:20:31.680 --> 0:20:36.359
<v Speaker 4>about tax and hextet. I have a hex stet in

0:20:36.600 --> 0:20:41.760
<v Speaker 4>the forty thousand ish range, and obviously I've been paying

0:20:41.800 --> 0:20:45.000
<v Speaker 4>that back whilst I was working full time. I'm now

0:20:45.160 --> 0:20:47.800
<v Speaker 4>a mum of two and I work part time, so

0:20:48.080 --> 0:20:54.000
<v Speaker 4>my annual income I believe doesn't sit over the threshold

0:20:54.200 --> 0:20:59.240
<v Speaker 4>for repayments to the HEX. I do salary sacrifice at

0:20:59.280 --> 0:21:02.879
<v Speaker 4>work working part time. I think that I'm still putting

0:21:02.920 --> 0:21:07.120
<v Speaker 4>money towards my HEX debt, and then come tax time,

0:21:07.320 --> 0:21:09.720
<v Speaker 4>I just get it back in a nice little tax return.

0:21:10.200 --> 0:21:13.720
<v Speaker 4>But I've just had a thought and I'm wondering for

0:21:13.800 --> 0:21:16.720
<v Speaker 4>some advice on whether I should actually be taking that

0:21:17.920 --> 0:21:21.320
<v Speaker 4>tax return and still putting it towards my hex stet

0:21:21.800 --> 0:21:24.600
<v Speaker 4>at the moment where enjoying the large tax return that

0:21:24.680 --> 0:21:27.520
<v Speaker 4>I get. But then I guess I'm never really paying

0:21:27.560 --> 0:21:30.160
<v Speaker 4>off my hex step. So if I continue to work

0:21:30.240 --> 0:21:32.480
<v Speaker 4>part time for a really long time and never pay

0:21:32.520 --> 0:21:37.320
<v Speaker 4>off my hex stet, theoretically once we sort of, you know, retire,

0:21:37.400 --> 0:21:38.960
<v Speaker 4>I guess, and I still have a hex step, do

0:21:39.040 --> 0:21:41.000
<v Speaker 4>you then just have to pay it off in a

0:21:41.080 --> 0:21:43.159
<v Speaker 4>bulk amount or do you just continue to pay it

0:21:43.240 --> 0:21:46.760
<v Speaker 4>off even in retirement. Any advice on whether I should

0:21:46.800 --> 0:21:49.280
<v Speaker 4>just be paying it off now anyway would be great.

0:21:49.480 --> 0:21:49.760
<v Speaker 4>Thank you.

0:21:50.240 --> 0:21:51.560
<v Speaker 3>What are your thoughts on this? Back?

0:21:51.680 --> 0:21:54.280
<v Speaker 5>Honestly, up unto the last moment, I was thinking like,

0:21:54.400 --> 0:21:56.040
<v Speaker 5>oh my god, don't pay it off like it dies

0:21:56.080 --> 0:21:56.600
<v Speaker 5>with you, So.

0:21:56.760 --> 0:21:58.720
<v Speaker 3>Just like leave it sort of thing. That's kind of

0:21:59.000 --> 0:22:01.760
<v Speaker 3>how I feel. And obviously we can't give you advice

0:22:01.840 --> 0:22:03.639
<v Speaker 3>on what to do, but we can talk about how

0:22:03.720 --> 0:22:07.360
<v Speaker 3>we feel about it. Do you still have hextet? Oh?

0:22:07.520 --> 0:22:09.760
<v Speaker 5>Yeah, I still got hextet, And like it's more just annoying.

0:22:09.760 --> 0:22:11.200
<v Speaker 5>I don't actually know how much I'm paying on it.

0:22:11.400 --> 0:22:13.320
<v Speaker 5>I don't think it would be that much, maybe like

0:22:13.440 --> 0:22:15.880
<v Speaker 5>thirty bucks of paid cycle or something.

0:22:16.040 --> 0:22:16.240
<v Speaker 4>Yeah.

0:22:16.320 --> 0:22:18.680
<v Speaker 3>Yeah, like you have to pay the minimum. Yeah, And

0:22:18.800 --> 0:22:20.480
<v Speaker 3>so I'm like, oh, I'm not too worried. Honestly, it

0:22:20.520 --> 0:22:21.920
<v Speaker 3>does fee annoying. So I don't actually have a degree

0:22:22.040 --> 0:22:22.399
<v Speaker 3>true for it.

0:22:22.520 --> 0:22:25.120
<v Speaker 5>But I think that in this case, when you start

0:22:25.160 --> 0:22:27.440
<v Speaker 5>talking about the retirement thing, like once you start getting

0:22:27.800 --> 0:22:30.000
<v Speaker 5>your you know, super and things like that, do you

0:22:30.080 --> 0:22:31.560
<v Speaker 5>have to start paying it off or do you have

0:22:31.640 --> 0:22:33.639
<v Speaker 5>to pay it off? I don't know about that, but

0:22:33.720 --> 0:22:36.879
<v Speaker 5>otherwise I would just leave it because it really, in

0:22:37.000 --> 0:22:39.120
<v Speaker 5>my mind is kind of like inconsequential.

0:22:39.560 --> 0:22:43.880
<v Speaker 3>That's how I feel. So personally, I have not contributed

0:22:44.040 --> 0:22:46.560
<v Speaker 3>even a dollar more to my hex than I have

0:22:46.720 --> 0:22:50.000
<v Speaker 3>needed to. I've always paid the minimum and come tax

0:22:50.080 --> 0:22:52.360
<v Speaker 3>return time. Just because of the nature of my work

0:22:52.480 --> 0:22:54.320
<v Speaker 3>sometimes I have to pay a bit more and like

0:22:54.440 --> 0:22:59.080
<v Speaker 3>that's fine, but for me, it's not ever inhibited being

0:22:59.119 --> 0:23:01.560
<v Speaker 3>able to buy a property or save or invest. And

0:23:01.800 --> 0:23:03.960
<v Speaker 3>I look at that debt not as a bad debt,

0:23:04.040 --> 0:23:05.320
<v Speaker 3>not as a good debt. It's kind of like an

0:23:05.359 --> 0:23:08.720
<v Speaker 3>okay debt. She sits in the middle because it doesn't

0:23:08.760 --> 0:23:12.840
<v Speaker 3>accrue interest, but it does it crue like indexation, right,

0:23:12.920 --> 0:23:15.760
<v Speaker 3>Like it's indexed every year. So at the moment, because

0:23:15.800 --> 0:23:18.399
<v Speaker 3>indexation is much higher, I feel like we care a

0:23:18.440 --> 0:23:21.119
<v Speaker 3>lot more about it because you know, all of a sudden,

0:23:21.400 --> 0:23:24.080
<v Speaker 3>it's not like one or two percent, it's like four

0:23:24.160 --> 0:23:26.320
<v Speaker 3>and a half percent. You kind of go ill, ill, No,

0:23:26.480 --> 0:23:28.520
<v Speaker 3>I don't. I don't like that at all. Like maybe

0:23:28.520 --> 0:23:32.080
<v Speaker 3>I should be paying this off, but I would probably

0:23:32.280 --> 0:23:34.840
<v Speaker 3>choose in your situation, to zoom out and look at

0:23:34.880 --> 0:23:37.919
<v Speaker 3>the bigger picture and go, well, what do I actually

0:23:38.000 --> 0:23:41.640
<v Speaker 3>want to achieve? Like what is this money going towards?

0:23:41.720 --> 0:23:44.879
<v Speaker 3>Like if I was to pay that off, what am

0:23:44.920 --> 0:23:47.320
<v Speaker 3>I compromising in the rest of my life? Because like,

0:23:47.400 --> 0:23:50.120
<v Speaker 3>some people just don't want debt. And I totally understand

0:23:50.280 --> 0:23:53.000
<v Speaker 3>that because for a very long time I was really

0:23:53.000 --> 0:23:55.040
<v Speaker 3>stressed about my hex debt and what it would mean

0:23:55.720 --> 0:23:58.880
<v Speaker 3>until I became super financially literate and I was like, oh, hey,

0:23:59.200 --> 0:24:02.000
<v Speaker 3>I actually like if I have a dollar and I

0:24:02.080 --> 0:24:04.440
<v Speaker 3>want it to work for me, I'm going to be

0:24:04.520 --> 0:24:06.640
<v Speaker 3>presented with a number of different options. I could put

0:24:06.640 --> 0:24:08.720
<v Speaker 3>it in a savings account for a certain amount back,

0:24:08.800 --> 0:24:11.719
<v Speaker 3>I could you know, put it into clothes or shoes,

0:24:11.840 --> 0:24:13.520
<v Speaker 3>and like that makes me feel good, but I'm not

0:24:13.600 --> 0:24:15.320
<v Speaker 3>getting that much back from that, I could put it

0:24:15.359 --> 0:24:18.320
<v Speaker 3>into my hextet, or I could invest it. And I

0:24:18.400 --> 0:24:20.960
<v Speaker 3>look at all these options and go, well, what's most

0:24:21.040 --> 0:24:25.680
<v Speaker 3>important to me? And honestly, to me, loading up my

0:24:25.760 --> 0:24:29.359
<v Speaker 3>share portfolio is much more important. And at the moment,

0:24:29.480 --> 0:24:32.800
<v Speaker 3>I'm also feeling a little bit stressed personally just about

0:24:32.800 --> 0:24:35.240
<v Speaker 3>our mortgage, not because we can't pay it. We're okay,

0:24:35.720 --> 0:24:37.600
<v Speaker 3>but like I just see it creeping up and I

0:24:37.640 --> 0:24:39.399
<v Speaker 3>can see how much interest to we're paying on it.

0:24:39.600 --> 0:24:43.000
<v Speaker 3>So for me, I just don't want to be paying that.

0:24:43.280 --> 0:24:47.680
<v Speaker 3>So would I make more money back inside my investment portfolio, yes,

0:24:48.600 --> 0:24:52.080
<v Speaker 3>but just because I'm stressy about it. Like we've arranged

0:24:52.119 --> 0:24:54.760
<v Speaker 3>our budget a little bit differently recently to pay off

0:24:54.760 --> 0:24:56.680
<v Speaker 3>a bit more of our mortgage because it just makes

0:24:56.680 --> 0:24:59.119
<v Speaker 3>me feel better about myself, and I think that's a

0:24:59.200 --> 0:25:02.000
<v Speaker 3>good lesson in and just because something makes you the

0:25:02.080 --> 0:25:04.520
<v Speaker 3>most money doesn't mean it is the right decision for you.

0:25:04.640 --> 0:25:06.879
<v Speaker 3>You also kind of have to overlay your hopes, are

0:25:06.880 --> 0:25:08.680
<v Speaker 3>your dreams, and your wishes, but also just how you

0:25:08.800 --> 0:25:11.800
<v Speaker 3>feel about certain things in your life. So if your

0:25:11.840 --> 0:25:14.840
<v Speaker 3>hex debt is really stressing you out, even though on

0:25:15.000 --> 0:25:16.840
<v Speaker 3>paper you look at it and go, well, it will

0:25:16.880 --> 0:25:20.000
<v Speaker 3>die with me, no worries, like you're not going to

0:25:20.080 --> 0:25:21.920
<v Speaker 3>have to pay that back unless you earn over a

0:25:22.000 --> 0:25:25.200
<v Speaker 3>certain amount, and yes that is true in retirement. But

0:25:26.160 --> 0:25:28.400
<v Speaker 3>if you're earning over a certain amount in retirement when

0:25:28.400 --> 0:25:31.920
<v Speaker 3>you're not working, money, win because it means you're arguably

0:25:32.000 --> 0:25:35.320
<v Speaker 3>self sufficient. Yeah. So I don't mind if you're still

0:25:35.400 --> 0:25:37.480
<v Speaker 3>chipping away at that debt at that point. But I

0:25:37.600 --> 0:25:40.320
<v Speaker 3>really doubt that that debt is still going to be

0:25:40.400 --> 0:25:44.399
<v Speaker 3>there given the projections. But for me, it's just not

0:25:44.520 --> 0:25:48.119
<v Speaker 3>a priority. But I totally understand that people have different

0:25:48.160 --> 0:25:51.280
<v Speaker 3>emotional priorities and if you want to chip it away

0:25:51.280 --> 0:25:53.879
<v Speaker 3>at it, pop off, queen. But if you want a

0:25:53.920 --> 0:25:56.280
<v Speaker 3>better solution, you could sit down and work out what

0:25:56.400 --> 0:25:59.280
<v Speaker 3>might work best for you. For sure, I completely agree

0:25:59.320 --> 0:26:03.520
<v Speaker 3>with that. Yes, no stresses, all right. The debt dilemmas

0:26:03.680 --> 0:26:07.879
<v Speaker 3>are a plentiful This week and every week we select

0:26:07.920 --> 0:26:11.240
<v Speaker 3>a little pickle from our dms from our community members,

0:26:11.320 --> 0:26:15.440
<v Speaker 3>and this dilemma is unfortunately much more common than you think. Meck,

0:26:15.640 --> 0:26:17.840
<v Speaker 3>I've got one. Would you like me to read it out?

0:26:17.880 --> 0:26:18.200
<v Speaker 4>Please?

0:26:18.320 --> 0:26:22.120
<v Speaker 3>All right, Hi, queens, please help. A few years ago,

0:26:22.280 --> 0:26:25.560
<v Speaker 3>after a relationship breakdown, I found myself with around twenty

0:26:25.760 --> 0:26:28.680
<v Speaker 3>thousand dollars of credit card debt. I ended up taking

0:26:28.720 --> 0:26:31.520
<v Speaker 3>out a personal loan so that I could consolidate everything,

0:26:31.600 --> 0:26:33.760
<v Speaker 3>and I promised myself that I would never ever end

0:26:33.840 --> 0:26:36.720
<v Speaker 3>up in that position again. Fast forward a few years,

0:26:36.920 --> 0:26:39.840
<v Speaker 3>and while I've been making my loan repayments, I've somehow

0:26:39.960 --> 0:26:42.440
<v Speaker 3>managed to build up another eight thousand dollars on my

0:26:42.560 --> 0:26:45.720
<v Speaker 3>credit card due to rising living costs and a few

0:26:45.880 --> 0:26:49.680
<v Speaker 3>unexpected expenses. I'm not missing payments, but I feel like

0:26:49.760 --> 0:26:53.560
<v Speaker 3>I'm constantly juggling debt rather than actually getting ahead. Do

0:26:53.680 --> 0:26:55.960
<v Speaker 3>I focus on paying off the credit card first, or

0:26:56.040 --> 0:26:58.440
<v Speaker 3>do I throw everything at my personal loan? Or is

0:26:58.480 --> 0:27:02.119
<v Speaker 3>there another strategy I should be considering. I'm feeling pretty overwhelmed,

0:27:02.119 --> 0:27:04.639
<v Speaker 3>and honestly, I'm a bit ashamed that I found myself

0:27:04.720 --> 0:27:05.120
<v Speaker 3>back here.

0:27:05.960 --> 0:27:09.200
<v Speaker 5>I know this feeling all too well, like I found

0:27:09.200 --> 0:27:13.440
<v Speaker 5>myself here just moments ago when I quit my job,

0:27:13.920 --> 0:27:15.640
<v Speaker 5>you know, just on a whim, and then just also.

0:27:15.560 --> 0:27:18.440
<v Speaker 3>Like yeah, lokay, that was diabolical, silly, And then also

0:27:18.520 --> 0:27:20.639
<v Speaker 3>just like from me, I was just like mac queen,

0:27:20.880 --> 0:27:24.119
<v Speaker 3>I get it, I get it, But money also important.

0:27:24.240 --> 0:27:26.239
<v Speaker 5>I know, silly, but I was also like, oh, it's

0:27:26.280 --> 0:27:28.120
<v Speaker 5>gonna work out, and then sometimes it doesn't, but that's okay.

0:27:28.440 --> 0:27:31.680
<v Speaker 5>But also just having like just the anxiety of you know,

0:27:31.880 --> 0:27:34.399
<v Speaker 5>getting yourself into dead or like not being able to

0:27:34.440 --> 0:27:36.359
<v Speaker 5>pay for things. And I know this is not the

0:27:36.440 --> 0:27:39.880
<v Speaker 5>same story as our listener who wrote in, but there's

0:27:40.280 --> 0:27:43.960
<v Speaker 5>a feeling of like anxiety and a feeling of stress

0:27:44.080 --> 0:27:46.240
<v Speaker 5>and a feeling of like, oh my god, I'm so broke.

0:27:46.359 --> 0:27:49.680
<v Speaker 5>And I think that like what I told myself in

0:27:49.800 --> 0:27:53.080
<v Speaker 5>this moment was I can feel anxious or I can

0:27:53.119 --> 0:27:56.000
<v Speaker 5>feel anxious and also ashamed. It's like there's no point

0:27:56.160 --> 0:27:58.280
<v Speaker 5>being ashamed. I don't want to be ashamed, and I

0:27:58.320 --> 0:27:59.840
<v Speaker 5>don't want to put that shame on myself. It's so

0:28:00.040 --> 0:28:02.760
<v Speaker 5>easy to feel shame because we can see people around

0:28:02.840 --> 0:28:06.000
<v Speaker 5>us like really, I guess like getting this shit together

0:28:06.160 --> 0:28:08.280
<v Speaker 5>or they've got their shit together and they don't have

0:28:08.480 --> 0:28:10.800
<v Speaker 5>these saying they can't relate to these struggles. And also

0:28:11.119 --> 0:28:13.240
<v Speaker 5>the words use when people are like, oh, I'm so broke,

0:28:13.240 --> 0:28:14.720
<v Speaker 5>I've got to have to dip into my savings and

0:28:14.760 --> 0:28:16.520
<v Speaker 5>you're like, I don't have many savings.

0:28:16.560 --> 0:28:18.600
<v Speaker 3>That makes me feel so much wa When I say broke,

0:28:18.680 --> 0:28:22.399
<v Speaker 3>I mean like broken, like there is nothing bad back.

0:28:22.320 --> 0:28:25.159
<v Speaker 5>On exactly, there's no family, there's no savings, Like you

0:28:25.240 --> 0:28:27.320
<v Speaker 5>have family and friends of course, but like it's a

0:28:27.400 --> 0:28:30.400
<v Speaker 5>different comfort of your parents who might have heaps of money,

0:28:30.440 --> 0:28:32.440
<v Speaker 5>you'd be like, oh yeah, just borrow whatever. And so

0:28:32.600 --> 0:28:35.640
<v Speaker 5>like this feeling, I think that our listener just first

0:28:35.640 --> 0:28:38.800
<v Speaker 5>of all, should just like remove shame, because no matter

0:28:39.000 --> 0:28:40.560
<v Speaker 5>like even if you're brought up in a different way,

0:28:40.600 --> 0:28:43.040
<v Speaker 5>like our brain's all wired differently, the way we view money,

0:28:43.080 --> 0:28:45.280
<v Speaker 5>the way we are in situations that we're in, Like

0:28:45.600 --> 0:28:48.360
<v Speaker 5>we're all wired differently, and you are here because of

0:28:48.480 --> 0:28:50.800
<v Speaker 5>the way you are, and there's nothing wrong with the

0:28:50.840 --> 0:28:53.480
<v Speaker 5>way you are. And money is a man made, human

0:28:53.520 --> 0:28:56.360
<v Speaker 5>made concept, so it's not like this inherent thing in us.

0:28:56.440 --> 0:28:58.840
<v Speaker 5>It's like there's something broken inside me. It's like, no,

0:28:59.360 --> 0:29:04.240
<v Speaker 5>you don't know how to juggle something that is completely unnatural,

0:29:04.520 --> 0:29:07.840
<v Speaker 5>a human made thing, and that's so fine. So I

0:29:07.920 --> 0:29:10.200
<v Speaker 5>think that like just remove the shame from it all.

0:29:10.600 --> 0:29:14.760
<v Speaker 5>In terms of what I would do, I don't think

0:29:15.760 --> 0:29:17.600
<v Speaker 5>I would be the best person to ask, because I

0:29:17.840 --> 0:29:22.640
<v Speaker 5>also am always in the same situation. But I reckon

0:29:22.720 --> 0:29:27.080
<v Speaker 5>tackling one at a time, whichever one has the least interest,

0:29:27.840 --> 0:29:28.880
<v Speaker 5>I would tackle last.

0:29:29.160 --> 0:29:29.800
<v Speaker 3>Does that make sense?

0:29:29.920 --> 0:29:33.720
<v Speaker 5>Yeah, Like if your credit card has less interest, then yeah,

0:29:33.760 --> 0:29:36.680
<v Speaker 5>your personal loan, then tackle the personal loan first, or

0:29:36.800 --> 0:29:37.720
<v Speaker 5>both would be ideal.

0:29:38.240 --> 0:29:41.160
<v Speaker 3>So Okay, I'm gonna tell her exactly what I told

0:29:41.200 --> 0:29:43.800
<v Speaker 3>you last week, and that's we, you and I. We're

0:29:43.840 --> 0:29:45.840
<v Speaker 3>going to sit down and we're finally going to do

0:29:46.120 --> 0:29:48.680
<v Speaker 3>a budget, and your bloody going to stick to it, yes, ma'am,

0:29:48.800 --> 0:29:52.000
<v Speaker 3>because it's something that I think we all are so

0:29:52.120 --> 0:29:54.280
<v Speaker 3>avoidant of, and I get it because you're just like, well, V,

0:29:54.440 --> 0:29:56.960
<v Speaker 3>I'm not good at money, or V I just I

0:29:57.040 --> 0:29:58.520
<v Speaker 3>don't want to do that because I don't want to

0:29:58.600 --> 0:30:01.960
<v Speaker 3>change my lifestyle, or you might find it really confronting

0:30:02.000 --> 0:30:04.440
<v Speaker 3>because it sucks, Like you know, you and I are

0:30:04.440 --> 0:30:06.239
<v Speaker 3>sitting down together, and this is going to be more

0:30:06.280 --> 0:30:08.280
<v Speaker 3>personal than what this person's going to get. But I

0:30:08.400 --> 0:30:12.040
<v Speaker 3>do this in my money masterclass. There is a free

0:30:12.080 --> 0:30:15.280
<v Speaker 3>budget on our website, like those resources are a plenty,

0:30:15.680 --> 0:30:18.520
<v Speaker 3>Like we have so many like playlists of getting out

0:30:18.520 --> 0:30:20.800
<v Speaker 3>of debt, Like I'm about to bring out a get

0:30:20.840 --> 0:30:24.240
<v Speaker 3>out of Debt free course, like I'm so excited about it,

0:30:24.320 --> 0:30:26.040
<v Speaker 3>and by the way, that course will be free. There's

0:30:26.080 --> 0:30:28.680
<v Speaker 3>no way I'm going to charge people to get them

0:30:28.720 --> 0:30:30.800
<v Speaker 3>out of debt, Like Queen, I will charge you and

0:30:31.000 --> 0:30:33.800
<v Speaker 3>sell you a course when we're talking about wealth creation

0:30:33.960 --> 0:30:36.000
<v Speaker 3>and getting ahead and picking the right shares and how

0:30:36.040 --> 0:30:38.080
<v Speaker 3>to do that. I feel like that is fair game.

0:30:38.480 --> 0:30:41.520
<v Speaker 3>But I would think I don't know from me that

0:30:41.680 --> 0:30:44.800
<v Speaker 3>that is predatory. If you're like girl, I am spiraling,

0:30:44.920 --> 0:30:46.160
<v Speaker 3>I need to get out of debt, and then I

0:30:46.320 --> 0:30:49.760
<v Speaker 3>charged you for a course, vile not happening, So that

0:30:49.920 --> 0:30:53.200
<v Speaker 3>course will be free. But I know you're not missing payments,

0:30:53.240 --> 0:30:55.720
<v Speaker 3>but we need to get the structure right because you're

0:30:55.760 --> 0:30:59.520
<v Speaker 3>not spiraling, but you're also not thriving. And I think

0:30:59.600 --> 0:31:02.360
<v Speaker 3>so many times we're just so avoidant of this idea

0:31:02.520 --> 0:31:06.000
<v Speaker 3>of sitting down and doing our budget because it's bloody confronting,

0:31:06.560 --> 0:31:08.440
<v Speaker 3>Like you don't want to sit down and be told

0:31:08.480 --> 0:31:11.680
<v Speaker 3>by somebody else like don't spend this, or do spend this,

0:31:11.960 --> 0:31:14.080
<v Speaker 3>or hey, Beck, you've only got this amount to spend

0:31:14.160 --> 0:31:17.880
<v Speaker 3>per week and if you're done, you're done. That feels restrictive,

0:31:18.360 --> 0:31:21.400
<v Speaker 3>but it's actually the most freeing thing in the entire world.

0:31:21.840 --> 0:31:24.320
<v Speaker 3>Like just knowing that nobody's going to come knocking on

0:31:24.440 --> 0:31:27.520
<v Speaker 3>your door asking for a debt repayment. You know that

0:31:28.000 --> 0:31:30.680
<v Speaker 3>next week you're always going to have money. That's a

0:31:30.760 --> 0:31:34.600
<v Speaker 3>crazy concept, like just the idea that if beck I

0:31:34.720 --> 0:31:37.400
<v Speaker 3>structured your budget and it gave you some food, fuel

0:31:37.480 --> 0:31:39.120
<v Speaker 3>and fun money, which is what I call it in

0:31:39.240 --> 0:31:41.360
<v Speaker 3>my course, I gave you that money. I said, but

0:31:41.480 --> 0:31:42.880
<v Speaker 3>this is the way you've got this week. Do you

0:31:42.960 --> 0:31:45.600
<v Speaker 3>know what you're really good at? You are actually already

0:31:45.640 --> 0:31:48.640
<v Speaker 3>good at making money stretch, thank you. You are so

0:31:48.880 --> 0:31:52.440
<v Speaker 3>good at it that that has been your survival mechanism

0:31:52.800 --> 0:31:55.440
<v Speaker 3>for the longest time, Right, So what if I structured

0:31:55.440 --> 0:31:57.120
<v Speaker 3>everything else and then said, beck, all you have to

0:31:57.160 --> 0:31:59.520
<v Speaker 3>worry about this week is one hundred and fifty dollars

0:31:59.640 --> 0:32:02.200
<v Speaker 3>or twohundred dollars, everything else catered for, don't touch it.

0:32:02.680 --> 0:32:05.800
<v Speaker 3>But if you run out of this money, rice and beans, yeah,

0:32:05.960 --> 0:32:09.920
<v Speaker 3>nothing else until next Thursday. And you go, okay, I

0:32:09.960 --> 0:32:12.760
<v Speaker 3>can do that, Like we can all do that because

0:32:12.760 --> 0:32:15.920
<v Speaker 3>everything else is being fed in the background, everything else

0:32:16.040 --> 0:32:18.960
<v Speaker 3>is being paid off, and then automatically you get your

0:32:19.000 --> 0:32:21.640
<v Speaker 3>two hundred dollars again, and we start from scratch, like

0:32:22.080 --> 0:32:25.040
<v Speaker 3>we don't have to make this overwhelming. It doesn't have

0:32:25.200 --> 0:32:29.120
<v Speaker 3>to be something that feels like trash. But what you're

0:32:29.200 --> 0:32:31.280
<v Speaker 3>going to do is go back to the drawing board.

0:32:31.560 --> 0:32:34.560
<v Speaker 3>I need you to be really confrontational with yourself. You're

0:32:34.600 --> 0:32:38.080
<v Speaker 3>going to print off three months of your credit card statement.

0:32:38.160 --> 0:32:40.920
<v Speaker 3>You're going to print off three months of your bank's statements.

0:32:41.240 --> 0:32:43.880
<v Speaker 3>You're going to get probably a really nice glass of

0:32:43.960 --> 0:32:46.960
<v Speaker 3>wine or a cup of tea. I don't care, Beck,

0:32:46.960 --> 0:32:49.320
<v Speaker 3>you're probably gonna ask me for a soda water. But

0:32:49.840 --> 0:32:53.040
<v Speaker 3>we want to sit down for a good hour, like

0:32:53.160 --> 0:32:55.800
<v Speaker 3>we're not talking like, oh, just quickly flip through it,

0:32:56.000 --> 0:32:58.440
<v Speaker 3>like this is a tusk, this is a job. I

0:32:58.520 --> 0:32:59.840
<v Speaker 3>need you to commit to this. You're going to get

0:32:59.840 --> 0:33:02.400
<v Speaker 3>two colored highlighters and we're going to go through and

0:33:02.520 --> 0:33:05.560
<v Speaker 3>with one colored highlighter. We're not judging ourselves by the way.

0:33:05.880 --> 0:33:08.800
<v Speaker 3>We're just highlighting all the things that we can't change.

0:33:09.400 --> 0:33:12.840
<v Speaker 3>So you know, maybe in a green we're highlighting you know,

0:33:13.080 --> 0:33:16.080
<v Speaker 3>our rent, our you know, grocery bill, because like at

0:33:16.080 --> 0:33:17.440
<v Speaker 3>the end of the day, we have to spend money

0:33:17.480 --> 0:33:21.120
<v Speaker 3>on groceries. Like it's debatable as to how flexible that is,

0:33:21.200 --> 0:33:23.120
<v Speaker 3>but like we can talk about that later. You know

0:33:23.200 --> 0:33:25.800
<v Speaker 3>your gas bill, your electric you know your my key,

0:33:26.200 --> 0:33:29.240
<v Speaker 3>your public transport, you know fuel stuff that we can't

0:33:29.280 --> 0:33:31.880
<v Speaker 3>really change. Then with another color, we're going to go

0:33:32.000 --> 0:33:35.400
<v Speaker 3>through and highlight the things that you know, we didn't

0:33:35.440 --> 0:33:37.040
<v Speaker 3>have to spend money on, but we did. We're not

0:33:37.160 --> 0:33:40.320
<v Speaker 3>judging ourselves. This isn't a list of like, oh my god, Beck,

0:33:40.440 --> 0:33:42.560
<v Speaker 3>this is all the stuff you shouldn't have done. But

0:33:42.720 --> 0:33:44.360
<v Speaker 3>you know what that is going to do. It's going

0:33:44.400 --> 0:33:46.800
<v Speaker 3>to give you a color contrast. And I'm a visual learner.

0:33:47.080 --> 0:33:50.000
<v Speaker 3>I'm going to quickly see like, oh, half of the

0:33:50.120 --> 0:33:53.200
<v Speaker 3>transactions that I make are actually transactions I didn't have

0:33:53.320 --> 0:33:56.240
<v Speaker 3>to make. Or you might find you've done your whole

0:33:56.280 --> 0:33:58.840
<v Speaker 3>budget and you're like the like everything is actually like

0:33:59.560 --> 0:34:02.800
<v Speaker 3>setting stone. I can't change this, at which point we're

0:34:02.840 --> 0:34:04.800
<v Speaker 3>going to give ourselves a little bit more grace.

0:34:05.160 --> 0:34:05.360
<v Speaker 4>Yeah.

0:34:05.800 --> 0:34:08.719
<v Speaker 3>But also, what if we go through this and like

0:34:08.800 --> 0:34:11.279
<v Speaker 3>I'm not attacking you personally, but what if we go

0:34:11.400 --> 0:34:14.400
<v Speaker 3>through this and it's like pub pub vape pub or

0:34:14.719 --> 0:34:17.120
<v Speaker 3>but do you know what I mean, like it's dining out,

0:34:17.200 --> 0:34:19.719
<v Speaker 3>it's stuff that you could change. I'm not saying don't

0:34:19.760 --> 0:34:21.680
<v Speaker 3>do it. We just want to be aware of it.

0:34:22.000 --> 0:34:24.120
<v Speaker 3>And then we're going to go, Becky, you comfortable with that?

0:34:24.960 --> 0:34:28.080
<v Speaker 3>And you might go yeah, like I really like my lifestyle,

0:34:28.120 --> 0:34:31.239
<v Speaker 3>and I go great, but at what cost? Like what

0:34:31.600 --> 0:34:34.000
<v Speaker 3>could we change? Like, oh, look at this, let's quickly

0:34:34.080 --> 0:34:36.359
<v Speaker 3>have a look at one of those line items. Oh

0:34:36.400 --> 0:34:38.680
<v Speaker 3>you spent twenty five bucks here, and you go, yeah,

0:34:38.719 --> 0:34:40.719
<v Speaker 3>I probably didn't need to do that, like I was

0:34:40.840 --> 0:34:43.920
<v Speaker 3>just doing it. Yeah, oh great, Well look what we

0:34:44.000 --> 0:34:46.880
<v Speaker 3>could free up if just one time per month we

0:34:47.000 --> 0:34:49.920
<v Speaker 3>didn't do one thing. Yeah, could you do that? And

0:34:49.960 --> 0:34:51.680
<v Speaker 3>you're going to go yeah, but I'd have to be

0:34:51.800 --> 0:34:54.279
<v Speaker 3>more conscious of it. Okay, we could do that. What

0:34:54.400 --> 0:34:55.920
<v Speaker 3>if we put a system in place to make you

0:34:56.000 --> 0:34:59.120
<v Speaker 3>super conscious? You go yeah, okay. I don't want you

0:34:59.200 --> 0:35:01.000
<v Speaker 3>to change your lifestyle. I don't want beck to not

0:35:01.120 --> 0:35:04.279
<v Speaker 3>be beck. I want everybody to have financial freedom and

0:35:04.400 --> 0:35:07.960
<v Speaker 3>feel like they are completely in control. And it turns

0:35:08.000 --> 0:35:10.239
<v Speaker 3>out I've got the key to that golden ticket. So

0:35:10.400 --> 0:35:12.239
<v Speaker 3>let me do that for sure. But what we're going

0:35:12.320 --> 0:35:14.960
<v Speaker 3>to do is lay everything out on the table. We're

0:35:14.960 --> 0:35:17.840
<v Speaker 3>going to do our little like review. It sucks. I

0:35:17.960 --> 0:35:21.440
<v Speaker 3>know nobody likes being confronted with their own spending, but

0:35:22.160 --> 0:35:24.480
<v Speaker 3>then we're going to look at what we need. Right.

0:35:24.600 --> 0:35:28.239
<v Speaker 3>So you said that you're not missing payments, money win,

0:35:28.920 --> 0:35:31.719
<v Speaker 3>but you're not getting ahead. So you've said, should I

0:35:31.800 --> 0:35:35.400
<v Speaker 3>be throwing everything at my personal loan? Well, I actually

0:35:35.520 --> 0:35:37.960
<v Speaker 3>want you to step back for a hot second, and

0:35:38.239 --> 0:35:41.160
<v Speaker 3>do you have an emergency fund? Right? Because even though

0:35:41.200 --> 0:35:44.160
<v Speaker 3>you're in debt, I still think that people should have

0:35:44.239 --> 0:35:48.040
<v Speaker 3>an emergency fund in debt because, Beck, what happens if

0:35:48.040 --> 0:35:50.640
<v Speaker 3>you're in debt and you're throwing every single dollar towards

0:35:50.680 --> 0:35:54.479
<v Speaker 3>that debt and then another emergency expense comes up. Yeah,

0:35:54.960 --> 0:35:56.760
<v Speaker 3>what do you do? You're just stuck in the cycle

0:35:56.800 --> 0:35:59.960
<v Speaker 3>of debt exactly. And what narrative do you tell yourself?

0:36:00.680 --> 0:36:03.799
<v Speaker 3>You tell yourself your shit at money? Yeah, you tell

0:36:03.880 --> 0:36:06.879
<v Speaker 3>yourself that you're not capable. You tell yourself that, oh

0:36:07.760 --> 0:36:10.160
<v Speaker 3>far out this popped up and I wasn't ready for it. Yeah,

0:36:10.160 --> 0:36:12.800
<v Speaker 3>because every single dollar you were throwing at your debt, like,

0:36:12.880 --> 0:36:16.680
<v Speaker 3>we weren't planning for the future. We were just treading water. Yeah,

0:36:16.840 --> 0:36:19.600
<v Speaker 3>that's not a good place to be. That's exhausting. So

0:36:19.760 --> 0:36:21.239
<v Speaker 3>what we're going to do is we're going to build

0:36:21.280 --> 0:36:23.759
<v Speaker 3>up an emergency fund. We're going to try and work out,

0:36:24.120 --> 0:36:26.239
<v Speaker 3>even if it's ten dollars a week, what can we

0:36:26.320 --> 0:36:29.359
<v Speaker 3>put aside so that if something in the future pops up,

0:36:30.440 --> 0:36:32.600
<v Speaker 3>we could pay for it. And you know what that does,

0:36:32.880 --> 0:36:36.480
<v Speaker 3>It helps break the cycle. It changes your mindset because

0:36:36.520 --> 0:36:38.520
<v Speaker 3>when that rego pops up that you went ready for,

0:36:39.000 --> 0:36:41.480
<v Speaker 3>or when that you know, electricity bill comes in and

0:36:41.560 --> 0:36:43.319
<v Speaker 3>it turns out you and your housemates have been using

0:36:43.360 --> 0:36:45.040
<v Speaker 3>the heater a lot more than you thought you were

0:36:45.040 --> 0:36:48.200
<v Speaker 3>going to and you need an extra fifty bucks. Babe,

0:36:48.200 --> 0:36:52.520
<v Speaker 3>that's not debt anymore. That came from cash. That feels good.

0:36:53.400 --> 0:36:55.520
<v Speaker 3>And then we build back up our emergency fund. We're

0:36:55.520 --> 0:36:58.080
<v Speaker 3>still paying off our debt for sure, but we have

0:36:58.120 --> 0:37:00.239
<v Speaker 3>an emergency fund we can lean on to break the

0:37:00.320 --> 0:37:02.799
<v Speaker 3>cycle so we don't fall back into it. And you've

0:37:02.880 --> 0:37:05.239
<v Speaker 3>said in your DM I fell back into it like

0:37:05.360 --> 0:37:08.239
<v Speaker 3>life got expensive, And I'm not saying that it's not.

0:37:08.680 --> 0:37:11.640
<v Speaker 3>It is. We need to be super conscious of these things,

0:37:11.719 --> 0:37:14.280
<v Speaker 3>but we also need to make sure that we're getting

0:37:14.320 --> 0:37:16.520
<v Speaker 3>ahead instead of just trading water. Because if we're just

0:37:16.600 --> 0:37:18.720
<v Speaker 3>treading water and doing what we're always doing and wishing

0:37:18.760 --> 0:37:22.839
<v Speaker 3>for a different outcome, like wishes unfortunately don't come true.

0:37:23.880 --> 0:37:26.840
<v Speaker 3>Wishes need to be action. So what we should be

0:37:26.880 --> 0:37:30.000
<v Speaker 3>doing is getting our little emergency fund up. Then we're

0:37:30.000 --> 0:37:31.440
<v Speaker 3>going to look at your credit card, and we're going

0:37:31.480 --> 0:37:33.040
<v Speaker 3>to look at your personal loan and back to what

0:37:33.160 --> 0:37:36.600
<v Speaker 3>you were saying, which has the lowest debt immediately last

0:37:36.680 --> 0:37:41.120
<v Speaker 3>priority or are we going to reconsolidate. That's something that

0:37:41.200 --> 0:37:43.120
<v Speaker 3>a lot of people lean on, but it's a bit

0:37:43.160 --> 0:37:45.759
<v Speaker 3>of a catch twenty two because you reconsolidate, take the

0:37:45.800 --> 0:37:48.839
<v Speaker 3>pressure off yourself, and then we fall further into debt

0:37:48.840 --> 0:37:51.319
<v Speaker 3>because we didn't do anything else about our budget. Because

0:37:51.360 --> 0:37:53.160
<v Speaker 3>now we're back to the idea of I just have

0:37:53.280 --> 0:37:55.880
<v Speaker 3>a personal loan and I'm not feeling the pressure of

0:37:56.000 --> 0:37:58.920
<v Speaker 3>being out of control. I don't want you to be

0:37:59.000 --> 0:38:01.800
<v Speaker 3>out of control. If we are going to reconsolidate, we

0:38:01.960 --> 0:38:03.960
<v Speaker 3>need to make a plan to get out of debt again,

0:38:04.520 --> 0:38:06.640
<v Speaker 3>and then we're going to talk about our goals. So

0:38:06.800 --> 0:38:09.319
<v Speaker 3>many of us are not setting goals because we're in debt.

0:38:09.880 --> 0:38:12.040
<v Speaker 3>And like, if I see people who are in debt,

0:38:12.080 --> 0:38:13.520
<v Speaker 3>down and what are your goals or do you want

0:38:13.520 --> 0:38:16.320
<v Speaker 3>to achieve? They go, oh, nothing, don't worry about it.

0:38:16.480 --> 0:38:19.480
<v Speaker 3>It doesn't matter like, oh, I'll do that when I

0:38:19.600 --> 0:38:22.399
<v Speaker 3>have more money. I'll do that when I camel. Yeah,

0:38:22.480 --> 0:38:25.200
<v Speaker 3>you're still allowed to dream, like You're still allowed to

0:38:25.400 --> 0:38:28.680
<v Speaker 3>have aspirations and things we want to achieve, like goal,

0:38:28.760 --> 0:38:30.880
<v Speaker 3>you want to go to Thailand. I want you to

0:38:30.920 --> 0:38:33.400
<v Speaker 3>go to Thailand. But here are the things that we

0:38:33.520 --> 0:38:35.120
<v Speaker 3>have to achieve to get there. Do you know how

0:38:35.200 --> 0:38:38.040
<v Speaker 3>much sweeter Thailand feels if we achieved all of those things.

0:38:38.640 --> 0:38:40.360
<v Speaker 3>We need to get out of debt, and then the

0:38:40.440 --> 0:38:43.680
<v Speaker 3>money that we've been paying off debt with holy crap, Beck,

0:38:44.120 --> 0:38:46.839
<v Speaker 3>we can reallocate that the amount of money that you're

0:38:46.840 --> 0:38:48.840
<v Speaker 3>paying off debt is actually the amount of money that

0:38:48.880 --> 0:38:52.840
<v Speaker 3>you're completely capable of saving each month without changing your lifestyle.

0:38:53.160 --> 0:38:55.200
<v Speaker 3>We just have to get rid of the debt. Yeah,

0:38:55.560 --> 0:38:58.800
<v Speaker 3>So for me, I would be saying, I get it.

0:38:59.120 --> 0:39:01.759
<v Speaker 3>It is overwhelming, It is all consuming. And you know what,

0:39:01.960 --> 0:39:04.719
<v Speaker 3>as somebody who got themselves into forty thousand dollars worth

0:39:04.760 --> 0:39:08.960
<v Speaker 3>of consumer debt, I was not just ashamed. I lied.

0:39:09.800 --> 0:39:12.400
<v Speaker 3>I would lie to people. They'd be like, oh haha,

0:39:12.840 --> 0:39:14.400
<v Speaker 3>I would never have a credit card, and I'd be

0:39:14.480 --> 0:39:20.680
<v Speaker 3>like neither, I know, why are we like this life

0:39:20.800 --> 0:39:23.080
<v Speaker 3>and money gets out of control, and that is fine,

0:39:23.480 --> 0:39:26.240
<v Speaker 3>but we can take back control with a little system,

0:39:26.480 --> 0:39:29.320
<v Speaker 3>and mine's free. It's on the website. Go download the budget,

0:39:29.760 --> 0:39:32.480
<v Speaker 3>Go listen to our get out of Debt playlists, and

0:39:32.640 --> 0:39:36.080
<v Speaker 3>put yourself in the driver's seat again. Because you're not

0:39:36.440 --> 0:39:40.520
<v Speaker 3>not capable like Beck. It's something that we've just never

0:39:40.640 --> 0:39:43.600
<v Speaker 3>been taught totally, Like where did you learn about money?

0:39:44.440 --> 0:39:46.239
<v Speaker 3>Not the place you learn about trigonometry.

0:39:46.400 --> 0:39:48.239
<v Speaker 5>No, we's worn with this. I'm like, oh, I don't

0:39:48.239 --> 0:39:50.279
<v Speaker 5>know how to develop empathy. It's like, well, you know,

0:39:51.000 --> 0:39:53.320
<v Speaker 5>money's not in us, like from birth.

0:39:53.960 --> 0:39:55.719
<v Speaker 3>Something you do have to be. It's external. You do

0:39:55.800 --> 0:39:56.920
<v Speaker 3>have to be taught about it. And if you're not,

0:39:57.000 --> 0:39:59.879
<v Speaker 3>then you should not be ashamed. It's diabolical that we're

0:39:59.880 --> 0:40:03.480
<v Speaker 3>not taught how to live in the society that we created.

0:40:03.880 --> 0:40:06.280
<v Speaker 3>But I was talking to one of my friends. At school,

0:40:06.440 --> 0:40:09.880
<v Speaker 3>we had home ch class and I remember learning how

0:40:09.920 --> 0:40:13.239
<v Speaker 3>to make coconut jam drops. Yeah I could do that

0:40:13.760 --> 0:40:16.239
<v Speaker 3>back of my hand again because I learned in home

0:40:16.280 --> 0:40:19.320
<v Speaker 3>economics class in grade eight. Yeah, yeah, totally. Where was

0:40:19.360 --> 0:40:22.440
<v Speaker 3>the budget and so where was the money management? I

0:40:22.560 --> 0:40:24.759
<v Speaker 3>know it's boring. I know it's not getting to take

0:40:24.840 --> 0:40:27.640
<v Speaker 3>jam drops home and eat them during class. Money win

0:40:27.840 --> 0:40:30.960
<v Speaker 3>or life win? But like, do you know how much

0:40:31.000 --> 0:40:33.200
<v Speaker 3>more powerful I would have been if I left school

0:40:33.320 --> 0:40:36.560
<v Speaker 3>knowing how to budget, or what a credit card actually was,

0:40:36.880 --> 0:40:39.520
<v Speaker 3>or what superannuation could do for me? Totally, I had

0:40:39.560 --> 0:40:42.320
<v Speaker 3>no idea. No, I just ticked random boxes on my

0:40:42.400 --> 0:40:44.600
<v Speaker 3>super fun form because I was like, Ah, that one

0:40:44.640 --> 0:40:47.160
<v Speaker 3>in brackets says most popular. I'm a pick that, yeah,

0:40:47.600 --> 0:40:49.799
<v Speaker 3>for sure. What did the community have to say?

0:40:49.920 --> 0:40:49.960
<v Speaker 6>So?

0:40:50.120 --> 0:40:53.320
<v Speaker 3>First things First, I asked the community, have you accumulated

0:40:53.400 --> 0:40:56.560
<v Speaker 3>debt due to circumstances outside of your control, for example,

0:40:56.680 --> 0:40:59.400
<v Speaker 3>like illness or separation or job loss. Thirty eight percent

0:40:59.480 --> 0:41:02.000
<v Speaker 3>of you said yes, I'm glad it's not more, but

0:41:02.160 --> 0:41:05.160
<v Speaker 3>also that's a big chunk of our community. The next

0:41:05.239 --> 0:41:07.239
<v Speaker 3>question I asked was do you feel debt is one

0:41:07.239 --> 0:41:10.800
<v Speaker 3>of the biggest barriers to achieving your financial goals? Seventy

0:41:10.840 --> 0:41:13.720
<v Speaker 3>percent of you said yes for sure. Then I asked,

0:41:13.840 --> 0:41:16.440
<v Speaker 3>if you were in this situation, would you focus on

0:41:16.560 --> 0:41:19.480
<v Speaker 3>paying off the credit card or your personal loan? First?

0:41:20.400 --> 0:41:23.480
<v Speaker 3>Eighty six percent of you said credit card okay, and

0:41:23.600 --> 0:41:26.879
<v Speaker 3>I get that because it's probably the highest interest rate. Yeah,

0:41:26.960 --> 0:41:28.759
<v Speaker 3>and to be honest, that's where I would be going

0:41:28.840 --> 0:41:30.960
<v Speaker 3>as well, because like we just the higher the interest rate,

0:41:31.040 --> 0:41:33.080
<v Speaker 3>the more money you're going to pay towards it, like

0:41:33.239 --> 0:41:36.080
<v Speaker 3>get out of debt sooner. And then we asked for

0:41:36.200 --> 0:41:38.080
<v Speaker 3>your two cents. And this one, I feel like was

0:41:38.120 --> 0:41:41.960
<v Speaker 3>really special because so many of the responses were like,

0:41:42.080 --> 0:41:45.920
<v Speaker 3>oh my god, me too, Oh my god, I'm so stressed,

0:41:46.160 --> 0:41:48.840
<v Speaker 3>Oh my gosh. I haven't spoken to my friends about this,

0:41:49.600 --> 0:41:53.000
<v Speaker 3>Like yeah, diabolical, because I just I don't want my

0:41:53.040 --> 0:41:56.879
<v Speaker 3>community to be feeling this totally. But also just girl,

0:41:56.960 --> 0:42:00.239
<v Speaker 3>you're not alone turns out or just doing it, just

0:42:00.360 --> 0:42:01.560
<v Speaker 3>not talking about.

0:42:01.280 --> 0:42:03.239
<v Speaker 5>It exactly, and that's where the shame comes from. And

0:42:03.280 --> 0:42:04.880
<v Speaker 5>seeing like no one else is like me. It's like

0:42:04.960 --> 0:42:06.520
<v Speaker 5>everyone can relate to this feeling.

0:42:06.719 --> 0:42:10.000
<v Speaker 3>Yeah, and even if they're not in that situation right now,

0:42:10.560 --> 0:42:12.440
<v Speaker 3>Like you know, if you saw me on the street,

0:42:12.520 --> 0:42:15.359
<v Speaker 3>you might go, ah, she looks like a nice girl.

0:42:15.920 --> 0:42:19.080
<v Speaker 3>She's probably not in any debt. I'm struggling. I wonder

0:42:19.120 --> 0:42:20.960
<v Speaker 3>if i'd ask her a question. Obviously you know me

0:42:21.000 --> 0:42:22.720
<v Speaker 3>as she's on the money, so you know my story,

0:42:22.840 --> 0:42:25.880
<v Speaker 3>but like you don't know a thing about me, Like

0:42:25.960 --> 0:42:27.759
<v Speaker 3>if you're just passing me on the street. You don't

0:42:27.800 --> 0:42:30.680
<v Speaker 3>know my history, you might make some really grand assumptions.

0:42:30.680 --> 0:42:33.080
<v Speaker 3>So she's got a nice T shirt on, Like, oh,

0:42:33.239 --> 0:42:36.279
<v Speaker 3>she wouldn't be experiencing what I've experienced. Girl, I got

0:42:36.360 --> 0:42:39.279
<v Speaker 3>myself into forty thousand dollars worth of crippling debt. The

0:42:39.360 --> 0:42:41.400
<v Speaker 3>only way I got to where I am today is

0:42:41.440 --> 0:42:45.719
<v Speaker 3>because I went through that experience. Like, if we don't

0:42:45.840 --> 0:42:48.680
<v Speaker 3>talk about it, we can't help people. Totally, we can't

0:42:48.760 --> 0:42:52.120
<v Speaker 3>help ourselves. If I didn't start talking about it, she's

0:42:52.160 --> 0:42:55.439
<v Speaker 3>on the money, wouldn't exist. True, that's pretty big. Yeah,

0:42:56.080 --> 0:42:59.640
<v Speaker 3>that's to me sick. But also it's pretty good incentive

0:42:59.680 --> 0:43:02.680
<v Speaker 3>to not get back into debt again. He's like, low key,

0:43:03.760 --> 0:43:06.800
<v Speaker 3>that would be embarrassing. No, but I also am in

0:43:06.880 --> 0:43:08.640
<v Speaker 3>a lot of debt because I've got a home loan,

0:43:08.880 --> 0:43:12.160
<v Speaker 3>so like that's different. Sure. We also had a lot

0:43:12.200 --> 0:43:14.640
<v Speaker 3>of people saying, pay off the credit card first, and

0:43:14.719 --> 0:43:19.120
<v Speaker 3>then counsel it. Talk about consolidation. Another person said, why

0:43:19.239 --> 0:43:22.319
<v Speaker 3>not look into some financial counseling. It could help because

0:43:22.360 --> 0:43:24.760
<v Speaker 3>you're obviously feeling a lot of shame and these people

0:43:24.840 --> 0:43:28.400
<v Speaker 3>are really really approachable. Another person said, and this is

0:43:28.480 --> 0:43:33.120
<v Speaker 3>the most diabolical one. Okay, I feel like that's my

0:43:33.200 --> 0:43:36.160
<v Speaker 3>word of the week. Diabolical. Yeah, I like that word. Yeah,

0:43:36.280 --> 0:43:39.200
<v Speaker 3>it just feels really impactful. I agree, we're not going

0:43:39.280 --> 0:43:42.000
<v Speaker 3>to do this. By the way, this terrible suggestion. They said,

0:43:42.080 --> 0:43:46.319
<v Speaker 3>listen to Dave Ramsey. Who in the world is that. Oh,

0:43:46.400 --> 0:43:51.760
<v Speaker 3>I'm glad he is. I would say he's the barefoot

0:43:51.800 --> 0:43:55.520
<v Speaker 3>investor to the Americans. Oh, he is like the biggest

0:43:55.600 --> 0:44:00.319
<v Speaker 3>finance guru. He also doesn't believe in gay rights. Also

0:44:00.560 --> 0:44:04.120
<v Speaker 3>has been quoted to say, if you are in debt,

0:44:04.200 --> 0:44:07.080
<v Speaker 3>you should not see the inside of a restaurant. He

0:44:07.280 --> 0:44:12.680
<v Speaker 3>has been sued. He has been sued because he has

0:44:12.800 --> 0:44:17.080
<v Speaker 3>like enforced his Christian beliefs on his staff. Okay, this

0:44:17.280 --> 0:44:18.560
<v Speaker 3>man is horrific.

0:44:18.960 --> 0:44:22.279
<v Speaker 5>I'm shocked by people who can't understand that their experience

0:44:22.480 --> 0:44:23.920
<v Speaker 5>is not everyone's experience.

0:44:24.239 --> 0:44:28.440
<v Speaker 3>But also to say that's somebody in debt, like and

0:44:28.600 --> 0:44:31.759
<v Speaker 3>he's very like heavy on the shame, like they're like,

0:44:31.880 --> 0:44:33.960
<v Speaker 3>if you're in debt, you're like, you're an idiot, Like

0:44:34.080 --> 0:44:36.440
<v Speaker 3>I can't believe you get yourself in this situation. He

0:44:36.520 --> 0:44:38.920
<v Speaker 3>has a whole bloody talk show. It's horrific. Like I

0:44:39.560 --> 0:44:43.719
<v Speaker 3>can't stand it because every single time I like look

0:44:43.760 --> 0:44:45.680
<v Speaker 3>at one of his videos and read the comments, I'm

0:44:45.719 --> 0:44:48.279
<v Speaker 3>just like, why can't people see that this man is

0:44:48.480 --> 0:44:53.360
<v Speaker 3>shaming other people for things that were arguably beyond their control.

0:44:53.520 --> 0:44:56.000
<v Speaker 5>I want to assume that there's no aspects of his

0:44:56.200 --> 0:44:58.840
<v Speaker 5>identity that make it harder to find a job or

0:44:58.960 --> 0:44:59.120
<v Speaker 5>and I.

0:44:59.120 --> 0:45:00.879
<v Speaker 3>Don't want to you know, No, he's a mediocre, middle

0:45:00.920 --> 0:45:03.040
<v Speaker 3>aged white man. Well, this is what I'm thinking, is

0:45:03.400 --> 0:45:04.960
<v Speaker 3>like the whitest of white. Yeah.

0:45:05.000 --> 0:45:07.319
<v Speaker 5>So he has a very like, you know, very nice,

0:45:07.400 --> 0:45:12.680
<v Speaker 5>normal life, and he's giving people advice based on his experience.

0:45:12.239 --> 0:45:15.000
<v Speaker 3>And I'm like, that's dangerous. Yeah. But also the idea

0:45:15.520 --> 0:45:17.440
<v Speaker 3>that if you're in debt you shouldn't see the inside

0:45:17.440 --> 0:45:21.960
<v Speaker 3>of a restaurant, that's crazy. That's diabolical, diabolical. So, just

0:45:22.000 --> 0:45:25.320
<v Speaker 3>so you know, we're not listening to Dave Ramsey, good idea.

0:45:25.760 --> 0:45:29.359
<v Speaker 3>Don't shut it, Dave, Yeah, don't do that anyway. Lots

0:45:29.400 --> 0:45:32.400
<v Speaker 3>of people back on track were very productive, though they

0:45:32.480 --> 0:45:35.680
<v Speaker 3>said high interest rates, first, pay off the smallest step. First,

0:45:35.920 --> 0:45:39.360
<v Speaker 3>have a look at the snowball versus the avalanche method.

0:45:39.760 --> 0:45:41.719
<v Speaker 3>A lot of people say, just cancel the credit card,

0:45:41.760 --> 0:45:44.319
<v Speaker 3>and then pay it off. And then someone else said,

0:45:44.480 --> 0:45:46.759
<v Speaker 3>and I'm going to leave it here. Hey, I don't

0:45:46.840 --> 0:45:48.960
<v Speaker 3>have any advice, but I just want to share some

0:45:49.040 --> 0:45:51.759
<v Speaker 3>empathy for her situation. I hope she feels better about

0:45:51.800 --> 0:45:52.160
<v Speaker 3>it soon.

0:45:52.560 --> 0:45:52.840
<v Speaker 4>Thank you.

0:45:53.000 --> 0:45:55.759
<v Speaker 3>Yes, it's exactly what we need. That's exactly what we need.

0:45:56.360 --> 0:46:01.120
<v Speaker 3>Like nobody should feel shame. Do feel shame anyway, misspec

0:46:01.200 --> 0:46:03.520
<v Speaker 3>say ed Yes, it's been a pleasure chatting with you.

0:46:03.680 --> 0:46:05.799
<v Speaker 3>Or I feel like I went on a rant at you. Hey,

0:46:05.920 --> 0:46:08.520
<v Speaker 3>that's okay? Is that okay? I'm sorry. I just am

0:46:08.560 --> 0:46:11.160
<v Speaker 3>really passionate about debt, of course, and I think it's

0:46:11.160 --> 0:46:13.720
<v Speaker 3>all it's all very useful information. So thank you anyway.

0:46:14.040 --> 0:46:16.279
<v Speaker 3>Thank you again for sharing the Friday Drinks couch with me,

0:46:16.600 --> 0:46:20.360
<v Speaker 3>and I guess for everybody listening being part of our community.

0:46:20.440 --> 0:46:22.719
<v Speaker 3>We'll be back next week early Monday morning for a

0:46:22.800 --> 0:46:25.919
<v Speaker 3>money diary, and until then, please take care, look after

0:46:25.960 --> 0:46:32.600
<v Speaker 3>your friends, and have a great weekend. Bye guys. The

0:46:32.719 --> 0:46:35.200
<v Speaker 3>advice shared on She's on the Money is general in

0:46:35.360 --> 0:46:39.120
<v Speaker 3>nature and does not consider your individual circumstances. She's on

0:46:39.200 --> 0:46:42.600
<v Speaker 3>the Money exists purely for educational purposes and should not

0:46:42.760 --> 0:46:45.720
<v Speaker 3>be relied upon to make an investment or financial decision.

0:46:46.120 --> 0:46:48.560
<v Speaker 3>If you do choose to buy a financial product, read

0:46:48.600 --> 0:46:52.680
<v Speaker 3>the PDS TMD and obtain appropriate financial advice tailored towards

0:46:52.760 --> 0:46:56.040
<v Speaker 3>your needs. Victoria Divine and She's on the Money are

0:46:56.080 --> 0:47:00.440
<v Speaker 3>authorized representatives of Money Shofer Pty Ltd. A b N

0:47:00.640 --> 0:47:03.759
<v Speaker 3>three two one six four nine two seven seven zero

0:47:03.960 --> 0:47:06.640
<v Speaker 3>eight a F s L four five one two eight

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<v Speaker 3>nine