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

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

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

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

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

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

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

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

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money. She's on the Money.

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

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Speaker 4: The next Personal Find is fun, especially on Fridays. It

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Speaker 4: is our favorite day of the week. Also, Jess is

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Speaker 4: because we're going to get to talk about Easter and

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Speaker 4: who doesn't.

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Speaker 2: Love a theme. Ah don't we all?

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Speaker 4: But it's our favorite day of the week because it's

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Speaker 4: our time to celebrate you. Ow incredible. She's on the

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Speaker 4: Money community. Mister Gricci is going to be here with

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Speaker 4: her Easter tips and the bunny vibes. She's also going

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Speaker 4: to be sharing her favorite money wins from the Facebook group.

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Speaker 2: We've got Beck who has.

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Speaker 4: A number of different broad tips for you, and we're

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Speaker 4: going to be helping to answer our money dilemma, which

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Speaker 4: is this week all about whether you should invest in

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Speaker 4: LICs and something that you slid into our dms about

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Speaker 4: should you stay in a job that is dangling a

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Speaker 4: big carrot that is not guaranteed? Before we get there, though,

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Speaker 4: how have your weeks been?

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Speaker 5: I think you should start Yes, East Joy, We're loving it.

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Speaker 5: My favorite day of the year is the day after

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Speaker 5: Easter when all the eggs go half priced.

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Speaker 2: And this year Ferrero Rocher have an egg. Oh I

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Speaker 2: haven't seen that. Wait for it. No, they have the

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Speaker 2: mini eggs.

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Speaker 4: Yes, and they aren't just like bits of Ferrero Rocher.

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Speaker 4: They are Ferrero Rochet in an egg like it's got

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Speaker 4: their filling in the office had them you weren't there.

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Speaker 4: I ate a few extra for you, very nice. Don't

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Speaker 4: say I don't do anything for you, but they were

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Speaker 4: very good.

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Speaker 5: I'll keep an eye out if anyone sees me at

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Speaker 5: the shops at seven am the day after Easter. Room

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Speaker 5: my bunny slippers. You know what I'm doing.

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Speaker 4: I do not new bunny slippers actually, because bunny slippers are.

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Speaker 2: Revived for the whole year. I agree.

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Speaker 4: I agree my bunny slippers. I've gone to God. And

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Speaker 4: when I say gone to God, I mean Lucy took

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Speaker 4: one and had a turn and thought that it was

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Speaker 4: a chew toy And yeah, I haven't ever recovered mentally

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Speaker 4: from that.

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Speaker 2: But that's okay. Beck. How's your week been? Are you

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Speaker 2: are Easter bunny?

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Speaker 4: Yes?

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Speaker 2: I love Easter.

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Speaker 5: Did you organize your hunt that you were going to do?

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Speaker 2: I did?

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Speaker 6: It turns out a lot of people go away Easter weekend, yeah.

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Speaker 5: Especially with the back to back long weekends like yeah,

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Speaker 5: and so I'm like, you guys have next weekend, why

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Speaker 5: go in this weekend?

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Speaker 2: Anyway? But it's still a bit of fun, isn't it.

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Speaker 6: And honestly, I think at this point I am still

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Speaker 6: trying to rally the troops. I'm honestly just pulling strangers

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Speaker 6: off the street at this point. But yeah, it's been

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Speaker 6: a really really lovely week. I have done much, to

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Speaker 6: be honest, I'm just chilling, just viban, you know, I'm

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Speaker 6: just I'm just.

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Speaker 2: Like trying to live, live, live, love laugh.

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Speaker 4: I say it so quick that you think it's going

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Speaker 4: to be easy, don't I yeah, oh yeah, absolutely. It's

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Speaker 4: not easy to say live love laugh, It's really not.

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Speaker 4: I've perfected that, how about you V. I'm live love laughing,

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Speaker 4: and I'm excited for Easter. I'm actually really excited for

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Speaker 4: a bit of a break. It is, I think the

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Speaker 4: first Easter. So obviously, Harvey was around last Easter but

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Speaker 4: was a tiny sweet potato. So did nothing and all

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Speaker 4: I could do was dress him up in a bunny suit,

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Speaker 4: which I don't regret for a second. And I have

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Speaker 4: been trying to hunt down a bigger bunny suit that

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Speaker 4: is equally as cute, but they aren't. Like last year,

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Speaker 4: I got one from just Target and it was very

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Speaker 4: cost effective. I can't find one that is going to

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Speaker 4: cost less than fifty dollars, so he might be bunny

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Speaker 4: suitless this year. I just can't justify it, like it

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Speaker 4: just yes, Like, don't get me wrong, this is not

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Speaker 4: me complaining about money, but like, fifty bucks is a

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Speaker 4: lot of money to spend on a bunny suit that

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Speaker 4: your kid.

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Speaker 2: Wears once you know out of it.

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Speaker 4: Ye yeah, Like that just seems like I'm flushing money

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Speaker 4: down the toilet. But if you see me on Instagram

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Speaker 4: with a baby in a bunny suit, it's because I

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Speaker 4: had no self control. I haven't yet purchased one, but like, honestly,

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Speaker 4: just don't be surprised. No, I'm really looking forward to it.

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Speaker 4: I've had a pretty busy week this week, so I

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Speaker 4: think that I'm just really looking forward to a few

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Speaker 4: days off. And as I don't know as a business owner,

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Speaker 4: but genuinely as somebody who owns a business, taking time

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Speaker 4: off is great, But taking time off when you know

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Speaker 4: your team aren't work it's a different level of relax

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Speaker 4: because I just know that, like, no one's going to

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Speaker 4: be like, oh, hey, V Like I know that you're

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Speaker 4: x y Z, but I need an answer on Like,

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Speaker 4: no one's going to ask me anything, and I don't

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Speaker 4: have to like check in or anything. So it's just

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Speaker 4: nice to have some shared time off with the team.

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Speaker 4: So that's where I'm at. But yeah, and also this

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Speaker 4: week was busy, but I didn't miss looking at our

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Speaker 4: five star reviews and we are very lucky because we

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Speaker 4: have another one that I want to share.

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Speaker 2: Yeah, are you ready ready?

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Speaker 4: So this one's from Lily, and Lily says life changing

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Speaker 4: five stars. I've been listening to She's on the Money

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Speaker 4: for about two years now, and it has changed my life.

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Speaker 4: I have paid off debts, changed my spending habits, and

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Speaker 4: started investing.

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Speaker 2: The girls are so much fun. Get this Jess.

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Speaker 4: In brackets, it says, especially Beck, I love listening to

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Speaker 4: every episode on my drives. About to leave on my

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Speaker 4: first ever real holiday, and it's thanks to She's on

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Speaker 4: the Money that I've been able to do this.

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Speaker 2: Thanks girls, nice? Why do you have to put in

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Speaker 2: brackets that Beck was the best one? Necessary details?

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Speaker 4: Like when people rub it in they're like, oh, yeah,

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Speaker 4: so what were you doing this weekend again, Jess?

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Speaker 2: Oh well, I'm going on a holiday. Yeah, we already know.

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Speaker 2: We know you told us ready. Everybody likes Beck the best.

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Speaker 4: We know.

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Speaker 2: I don't think so. People say that they I love

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Speaker 2: that too. That's really cute.

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Speaker 4: But Jess and I will just sit over here in

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Speaker 4: the corner and eat for a roach chocolates if you can't.

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Speaker 6: Yeah, we see less because I have lots to say. Actually,

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Speaker 6: the rest of the.

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Speaker 2: Start is here, you guys, rest Do you love that?

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Speaker 3: All right?

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Speaker 1: All right?

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Speaker 4: Moving on, Jess does still get her own segment of

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Speaker 4: the show, even though Beck seems to be at the

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Speaker 4: moment everyone's favorite Jess. You get to go first to though.

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Speaker 4: What are your community money wins this week?

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Speaker 5: Alrighty, first day this week. I've got money win from Tina,

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Speaker 5: who said she's renovating an old cottage which needs a

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Speaker 5: new kitchen and bathroom. The budget is super tight, so

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Speaker 5: she found a kitchen store that was moving locations to

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Speaker 5: a biggest showroom. She asked if they were selling X

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Speaker 5: display kitchens and they were, so she managed to score

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Speaker 5: herself a twenty three thousand dollar kitchen for three grand.

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Speaker 5: Oh what it still needed. It's a good deal. Wrapping

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Speaker 5: on the cupboards and a bit of tetris work, but

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Speaker 5: a huge money win. And then she said in another comment,

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Speaker 5: she recommends calling around to local kitchen stocks, just asking

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Speaker 5: if they sell X demo stocks.

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Speaker 2: Oh my god, if you're smart.

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Speaker 5: If you're going to do a reno, there's no harm

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Speaker 5: in giving a buzz and seeing if you can maybe

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Speaker 5: score yourself a bargain.

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Speaker 2: Yes, that's so good.

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Speaker 5: Next, I've got a money win from Chelsea, who said

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Speaker 5: she accidentally bumped into another car in her building car park.

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Speaker 2: Oh that would have been so stressed.

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Speaker 5: She tapped it so lightly. Apparently she didn't even realize

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Speaker 5: they reached out and got in touch with her. She

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Speaker 5: said she was mortified and obviously offered to pay for

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Speaker 5: all of the damage. They got a quote, and they

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Speaker 5: let her know that they had previously done their own

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Speaker 5: damage to a similar area of the car and just

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Speaker 5: asked her to pay.

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Speaker 2: Her the quote.

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Speaker 5: Oh so, she said money. We didn't have a great

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Speaker 5: lesson in kindness.

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Speaker 1: On.

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Speaker 4: Hold, I've just got questions. How do you run into

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Speaker 4: someone's car not notice like, and how did they.

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Speaker 2: Know it was Yeah? But how did they know a camera?

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Speaker 4: Oh, if there's cameras, fine, sleigh, But she mentioned they

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Speaker 4: got it on camera.

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Speaker 2: Well, I mentioned that, did she? How how else would

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Speaker 2: they know it was her? Exactly? How would they know?

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Speaker 5: Victoria's like conspiracy because.

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Speaker 4: Like immediately, like I just I was like, oh yeah,

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Speaker 4: like if someone called me and said I'd run into

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Speaker 4: their car immediately? So sorry, hold on, I think I

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Speaker 4: would notice.

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Speaker 2: Sometimes you don't know what are you mean?

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Speaker 5: Sometimes you don't know you're accelerating and you're literally just

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Speaker 5: like moving.

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Speaker 2: Yeah, I think ping pong and now there I didn't

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Speaker 2: realize it hot, Like if you hit something, you I mean,

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Speaker 2: I don't know. All I know is I think it's conspiracy.

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Speaker 2: I think it's a conspiracy. I think Chelsea shouldn't have

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Speaker 2: paid anything.

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Speaker 5: There you go anyway, she's happy the money.

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Speaker 4: With Nope, I'm not. Now Now I'm like, I think

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Speaker 4: they stood.

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Speaker 1: Do you?

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Speaker 2: I think you got scammed.

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Speaker 5: Next, I've got a money in from Hannah, who said

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Speaker 5: money win. Our hot water tank has been acting up

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Speaker 5: and eventually stopped heating all together. I was this close

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Speaker 5: to calling a plumber and had already started researching the

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Speaker 5: costs to replace the entire thing, but she decided to

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Speaker 5: dig a little bit deeper. She went through the manuals

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Speaker 5: and discovered that there was a timer function that had

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Speaker 5: somehow turned itself on, which meant the tank was switching

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Speaker 5: itself off every night, and then it just wasn't turning

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Speaker 5: back on in the morning. She said, she figured out

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Speaker 5: how to fix it thanks to the manual, and just

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Speaker 5: like that, it's working perfectly. Power doesn't cost a thing.

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Speaker 2: What you men can do, it can't be that hard.

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Speaker 5: Exactly how hard can it be? Next, I've got a

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Speaker 5: money win from Amma, who said she's signed up to

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Speaker 5: the Baker's Delight app and you get a free item,

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Speaker 5: which currently is hot Cross Buns, which I thought would

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Speaker 5: be perfect for orry this week. If you want to

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Speaker 5: get yourself some hot Cross buns to take East Moore,

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Speaker 5: sign up to the Baker's Delight up apparently, and you

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Speaker 5: get one fore, but she did say she didn't realize

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Speaker 5: your free coupon expires after two weeks, so she didn't

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Speaker 5: know that she signed up run out when she went

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Speaker 5: in to get the free item, she couldn't use it anymore. No,

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Speaker 5: but the lovely people a Baker's Light apparently gave her

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Speaker 5: the Hot Cross buns.

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Speaker 2: Anyway, Okay, that's highness.

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Speaker 4: I feel like I expect that from Baker's Delight, apart

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Speaker 4: from the fact that they pay people like six dollars

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Speaker 4: an hour.

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Speaker 2: Do they actually well, I remember you do, but like

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Speaker 2: you do? Well, are you going to get a job

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Speaker 2: in the future at Baker's still?

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Speaker 6: Yeah?

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Speaker 5: On the side, are you maybe for the free bread?

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Speaker 2: To be honest, you scream?

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Speaker 6: I work at bakers absolutely, Little Sweet Tree. It was

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Speaker 6: like when hayl Right, so you know, Matt from Hale

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Speaker 6: Right did like, you know, without context, I'm going to

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Speaker 6: say where people would work.

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Speaker 4: If they had like regular jobs. Yes, and they said

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Speaker 4: that I would work at flight Center.

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Speaker 2: I reckon, you.

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Speaker 4: Absolutely would be Baker's in the nine possible way. Also, Flower,

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Speaker 4: little Iron, I would slay at flight Center. You are right,

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Speaker 4: Come here, I will plan your holiday to I've got

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Speaker 4: the spreadsheet, I've got the deals. We're getting some cash

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Speaker 4: back on shop back as we're booking.

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Speaker 2: Yes, sorry, you would not be going where you think

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Speaker 2: you're going. No. No, and also better, I have good recommendations.

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Speaker 5: Ask yess she is a great restaurant.

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Speaker 2: Wreck Yeah, that's true, say less.

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Speaker 6: And how you know even in as As Bakistan, you'd

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Speaker 6: be like, oh, yeah, this is beautiful place.

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Speaker 1: Yeah.

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Speaker 4: But like I don't just research beck. I just don't

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Speaker 4: google our good restaurant in Bekastan.

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Speaker 7: It was.

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Speaker 4: But I'm looking up every single review. I'm looking at

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Speaker 4: every single picture on trip Advisor. I filter out the

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Speaker 4: ones that the company put up. We're not doing that.

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Speaker 4: I'm only looking at the ones that guests uploaded, and

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Speaker 4: then going on TikTok and looking up the hashtag.

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Speaker 2: I'm looking up the company name.

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Speaker 4: I'm looking up who has mentioned this, so that I

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Speaker 4: can get a full experience and then I can be

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Speaker 4: like oh yeah, actually I wouldn't go there.

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Speaker 2: There you go.

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Speaker 5: Last money when I've got this week is another egg

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Speaker 5: themed one for everybody. Money win from Jamie who said

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Speaker 5: we bought chickens before the price of eggs went up,

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Speaker 5: and we haven't had to buy eggs in oods. Get

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Speaker 5: yourself and friends that have chickens because my boyfriends mama

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Speaker 5: has chickens and we always have eggs. And the chickens

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Speaker 5: are really cute to cuddle. I love them.

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Speaker 4: Maybe I need to start cutting deals with you to

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Speaker 4: get eggs.

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Speaker 2: You got eggs undergrounding and I did this week. I

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Speaker 2: love that good.

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Speaker 4: The heck Actually, be get a chicken as a pet,

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Speaker 4: because yeah, very cute.

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Speaker 5: You've got kids that are asking for a pet. Make

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Speaker 5: it a chickens.

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Speaker 2: It's a double it's a win win.

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Speaker 6: My housemate about to get chicken so I can get Actually, yeah,

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Speaker 6: how are you naming them?

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Speaker 2: Pencil?

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Speaker 5: And it was a great name, a great name.

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Speaker 4: Right, what else have we got? Surely pencil is not

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Speaker 4: going to be an only child.

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Speaker 2: No, absolutely not.

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Speaker 6: And we also have apple, apple and pencil, apple and pencils.

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Speaker 6: I love this because of Michael Jackson. What did he

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Speaker 6: calls child?

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Speaker 2: Apple.

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Speaker 4: I don't know no kid blanket like it's sorry, I

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Speaker 4: think true who called her daughter apple Apple?

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Speaker 2: Yes?

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Speaker 4: Okay, which I still think again, I'm on my conspiracy theory.

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Speaker 4: I think it's a fake name, Jessica, because like, what

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Speaker 4: a better way than getting some good PR being like,

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Speaker 4: I'm going to tell the world my kid's name is Apple.

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Speaker 2: They're gonna believe it.

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Speaker 4: Identity protected, good PR, good exposure, seriously trained.

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Speaker 2: To I really am.

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Speaker 4: I'm so skeptical of everyone today. Everything is a scam. Ye,

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Speaker 4: everything is a scam. Also, maybe this is stemmed from

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Speaker 4: we have a group chat for my Zeala Money team.

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Speaker 4: We actually have a group chat for literally every team,

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Speaker 4: but like the Zella Money one, we have had people

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Speaker 4: trying to scam my team by sending phishing emails, which

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Speaker 4: you I've got and they're like work tusk allocated and

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Speaker 4: it's like to my team being like, Hi, Georgia, I'm

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Speaker 4: just wondering if while I'm out of the office, you

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Speaker 4: could do this task and like, obviously my team aren't

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Speaker 4: idiots and I would never email you.

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Speaker 5: I was just saying literally never and also hilarious they

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Speaker 5: think that's how you talk would probably be like, hey, bitch,

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Speaker 5: can you do it seriously?

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Speaker 2: Literally? Hey girl, what's up?

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Speaker 4: But I just I laughed so much, so I feel

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Speaker 4: like I've been scammed since seven am this morning and

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Speaker 4: being like, that's not me and my team are like

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Speaker 4: Victoria obviously are obviously hilarious.

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Speaker 6: Even an email from you. I feel like for the

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Speaker 6: rest of your life, you'd be like, that's not that's

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Speaker 6: actually not me. I can't really yeah, but like, if

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Speaker 6: you work in my team, I don't email. Yeah okay,

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Speaker 6: Like that feels too serious. Also, who has the time

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Speaker 6: to type out an email when I could call you,

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Speaker 6: voice note you message you like. I don't think I've

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Speaker 6: ever requested anything via email unless I'm like, okay trauma dump.

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Speaker 6: So last night at three am, I thought of a

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Speaker 6: podcast topic and here are all my thoughts on it

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Speaker 6: that at that point you get an email yeah that's yeah, okay,

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Speaker 6: which when I'm like, hey, sir, so that's great to

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Speaker 6: I feel like I've been emailing you for three months straight.

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Speaker 2: Yeah, and I have a great connection. Yeah, if you're

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Speaker 2: a client, don't email me bye. Do you want to

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Speaker 2: hear some broticks?

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Speaker 4: I've never wanted something more in my life, but what's

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Speaker 4: your first one? So this first one comes from Bianca.

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Speaker 4: I actually stumbled upon this like a little TikTok. It

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Speaker 4: was like how to coupon in Australia. It's an app called.

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Speaker 6: Shping sing hp I m ging. That's very hard to say,

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Speaker 6: but it's worth it. We connect brands and customers. This

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Speaker 6: is coming from their website, by the way, because I

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Speaker 6: can't fully figure out what's going on. We connect brands

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Speaker 6: and customers through refreshingly rewarding shopping experiences all in one

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Speaker 6: app with a full set of smart features. Up your

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Speaker 6: shopping game and be that boss shopper that's always a

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Speaker 6: step ahead of everyone. Spend less and earn more while

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Speaker 6: sping to maximize what life has to offer. So it's

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Speaker 6: like a couponing, like saving money, you're spending money. You're

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Speaker 6: like from the TikTok I saw this girl was like

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Speaker 6: taking photos or like kind of like scanning the product

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Speaker 6: in her sping app.

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Speaker 4: What are they doing not helping themselves rewards by shopping,

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Speaker 4: which is rewards and I do like shopping, So it

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Speaker 4: sounds like a good idea.

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Speaker 2: Calling it sping though, was the choice? Yeah, that's it's

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Speaker 2: a hard one.

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Speaker 5: I guess that's the sound it makes when it scanned

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Speaker 5: something that's true, and.

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Speaker 2: It's like shopping without the op. I mean, we're not

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Speaker 2: going to forget the name, so maybe they really have

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Speaker 2: done something, or we'll only forget it. There's nowhere between.

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Speaker 2: All right, Well that's a good first one. What's number two?

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Speaker 6: The next one comes from Chevron, who says, one, uh,

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Speaker 6: if you go to in particular rich neighborhoods, you can

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Speaker 6: go anywhay you know where it's like hard rubbish or Yeah,

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Speaker 6: that's a good idea.

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Speaker 2: It is great. It's just great for and.

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Speaker 4: You can look up their hard rubbish collection dates council

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Speaker 4: websites too.

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Speaker 6: And I have used this before just to I guess

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Speaker 6: like furnish your own home. But Chavon recommends going picking

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Speaker 6: up broken furniture on trash night, take it home, fixing

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Speaker 6: it up, selling it or marketplace.

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Speaker 2: Back to slaps the same. Yeah, just an old flip.

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Speaker 6: And I didn't realize, but like I sold a couch

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Speaker 6: the other day that was like, it's not a nice couch.

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Speaker 6: It's a nice couch, but it's not like the best couch,

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Speaker 6: and had like seven thousand messages for it, just because

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Speaker 6: of the way I styled it in the photo. Really job,

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Speaker 6: even if it's broken and you kind of fix it

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Speaker 6: if you just like.

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Speaker 2: You know, plants or whatever.

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Speaker 4: I mean, what if you see a nice little side

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Speaker 4: table on the road during hard rubbish, you don't even

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Speaker 4: have to fix it up. You can just take it home,

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Speaker 4: style it, you put it on Facebook, marketplace, bam, fifty bucks. Absolutely,

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Speaker 4: sometimes people just can't be bothered with the efforts.

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Speaker 2: Yeah, they just put it out.

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Speaker 4: Yeah, and like you can literally go to those council

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Speaker 4: websites and look at what date their hard rubbish collection is.

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Speaker 2: Go through little drive, go through a little wander so good, rude,

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Speaker 2: not too.

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Speaker 4: I mean, also, we need to bank it very clear

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Speaker 4: that it is actually illegal to take stuff from hard rubbish. Sure,

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00:18:11,000 --> 00:18:12,480
Speaker 4: but I don't see anything.

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Speaker 2: I'm Australian.

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00:18:13,760 --> 00:18:18,119
Speaker 4: That's very on Australian a weird rule. Like why it's weird,

403
00:18:18,160 --> 00:18:18,560
Speaker 4: isn't it?

404
00:18:19,200 --> 00:18:21,960
Speaker 5: Yeah, but if you are to go through something that

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Speaker 5: your neighbors had left out for.

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Speaker 2: You to look through, exactly, Nay, But that's what I did.

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Speaker 4: I just happened to coincidentally put it out on the

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00:18:30,080 --> 00:18:31,879
Speaker 4: same day that hard rubbish would pick it. Up the

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Speaker 4: next stay, but I actually put it out early for you, Jess.

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Speaker 6: Yes, yes, yes, that is such a weird arbitrary.

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Speaker 2: Rute, isn't it. Yeah.

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Speaker 4: I mean you're good at illegal broke tips. So have

413
00:18:44,440 --> 00:18:47,040
Speaker 4: you got any legal broake tips for us this week?

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00:18:47,240 --> 00:18:48,760
Speaker 2: You want a legal one? I want a legal one.

415
00:18:48,960 --> 00:18:51,240
Speaker 2: I don't have to wrack my brain. I like the part.

416
00:18:51,080 --> 00:18:53,520
Speaker 4: Where obviously we're not going to put illegal broke tips

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00:18:53,560 --> 00:18:55,320
Speaker 4: on the podcast, but Beck, you've tried a few and

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00:18:55,320 --> 00:19:00,000
Speaker 4: we've had to cut them out and I was like,

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00:19:00,000 --> 00:19:02,960
Speaker 4: but you cannot do that back and you're like, I'm

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Speaker 4: don't tell any Well, I'm like, cool, I'll just delete that.

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00:19:05,600 --> 00:19:07,879
Speaker 6: If at any point you're listening and it sounds like

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00:19:07,880 --> 00:19:11,159
Speaker 6: there's a really jarring like cut in the audio, it

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00:19:11,359 --> 00:19:12,120
Speaker 6: just because.

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Speaker 4: Beck was being hinged. Yeah, it was still good. But

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Speaker 4: what have you got this week for us?

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Speaker 2: So this week?

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00:19:17,840 --> 00:19:19,359
Speaker 6: I only thought of this yesterday because I was like,

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00:19:19,400 --> 00:19:22,639
Speaker 6: I need an account where my bills come out of,

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Speaker 6: you know, and I don't have one of those. Before

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00:19:24,880 --> 00:19:26,719
Speaker 6: I start signing up for an account, a bank account,

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00:19:27,240 --> 00:19:29,040
Speaker 6: I'll check with all my friends seef as any because

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00:19:29,040 --> 00:19:31,080
Speaker 6: you know, Iron G always send me these literally I

433
00:19:31,080 --> 00:19:32,360
Speaker 6: got one this morning. It was like a hundred bucks,

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00:19:32,400 --> 00:19:33,480
Speaker 6: few hundred bucks for your friend.

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Speaker 2: So sign up.

436
00:19:34,920 --> 00:19:38,920
Speaker 6: Oh yeah, so to sign up to I love ang

437
00:19:39,200 --> 00:19:42,679
Speaker 6: So you know, I just assume everyone gets those and

438
00:19:42,720 --> 00:19:43,440
Speaker 6: so but.

439
00:19:43,400 --> 00:19:45,760
Speaker 2: Then I thought also shot Back. My friend wanted to

440
00:19:45,760 --> 00:19:47,280
Speaker 2: start a shot Back and I was like, wait a second.

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Speaker 6: I almost died on the spot because she bout to

442
00:19:50,240 --> 00:19:51,960
Speaker 6: download it and I'm like, no, no, no, I get

443
00:19:52,000 --> 00:19:54,600
Speaker 6: forty bucks. You get ten bucks, which doesn't seem fair.

444
00:19:55,359 --> 00:19:57,600
Speaker 4: But I was like, but it does seem like a

445
00:19:57,600 --> 00:19:59,919
Speaker 4: good incentive to get you to get your friend to.

446
00:20:00,119 --> 00:20:04,800
Speaker 6: Use your exactly exactly, so I would say before doing anything.

447
00:20:04,960 --> 00:20:06,200
Speaker 2: I don't get forty bucks.

448
00:20:06,200 --> 00:20:09,600
Speaker 4: Every time somebody downloads shop Back because it was my podcast, it.

449
00:20:09,560 --> 00:20:10,080
Speaker 2: Does go down.

450
00:20:10,240 --> 00:20:12,400
Speaker 5: We kind of deal so everyone got the extra money

451
00:20:12,400 --> 00:20:13,399
Speaker 5: instead of us.

452
00:20:13,840 --> 00:20:18,480
Speaker 2: Oh that that seems very nice. But it's so cute.

453
00:20:18,480 --> 00:20:19,600
Speaker 2: But it's not forty bucks.

454
00:20:19,640 --> 00:20:22,000
Speaker 6: Is that? No, it does go down like now it's

455
00:20:22,000 --> 00:20:24,360
Speaker 6: like thirty bucks and then just get a little.

456
00:20:24,560 --> 00:20:25,840
Speaker 2: But anyway, I think it's still nice.

457
00:20:25,840 --> 00:20:28,480
Speaker 6: It's free money, and yeah, but I think, yeah, before

458
00:20:28,520 --> 00:20:31,479
Speaker 6: we do anything about my advice is check if any

459
00:20:31,520 --> 00:20:34,800
Speaker 6: friends or any family members have an account already. I'm

460
00:20:34,840 --> 00:20:40,159
Speaker 6: sure there's some benefit ferral too you totally, yeah, totally,

461
00:20:40,200 --> 00:20:44,639
Speaker 6: the same happens with credit cards, Building futilities, Yeah, building houses.

462
00:20:45,800 --> 00:20:47,879
Speaker 5: Almost all of my friends have built with the same builder.

463
00:20:47,960 --> 00:20:50,080
Speaker 5: So every time someone builds, you get like iron board

464
00:20:50,240 --> 00:20:52,080
Speaker 5: is it's like a couple of hours and or something.

465
00:20:52,119 --> 00:20:55,240
Speaker 5: I sorry what I think the they the person building,

466
00:20:55,280 --> 00:20:56,679
Speaker 5: gets like money towards their building.

467
00:20:56,760 --> 00:20:58,080
Speaker 2: That's not very broch tip of you.

468
00:20:58,880 --> 00:21:04,080
Speaker 5: Just cool builders do it should be.

469
00:21:04,160 --> 00:21:07,120
Speaker 4: On the front page of the Daily Mail for being unrelatable.

470
00:21:07,200 --> 00:21:10,760
Speaker 5: Jessica person girl says, build house to earn five dollars.

471
00:21:13,000 --> 00:21:15,280
Speaker 5: It's worth asking a lot of like a lot more.

472
00:21:15,840 --> 00:21:16,560
Speaker 2: It's so true.

473
00:21:16,600 --> 00:21:18,280
Speaker 5: A lot more places do it than you would think.

474
00:21:19,359 --> 00:21:23,200
Speaker 6: Yes, totally totally. Every app you download from now on,

475
00:21:23,520 --> 00:21:24,600
Speaker 6: just check, just check.

476
00:21:25,080 --> 00:21:25,600
Speaker 2: So that's me.

477
00:21:26,720 --> 00:21:28,199
Speaker 4: On the flip side, we're going to be helping to

478
00:21:28,240 --> 00:21:30,600
Speaker 4: answer money dilemma, which this week is all about whether

479
00:21:30,640 --> 00:21:33,360
Speaker 4: you should be investing in an all I see and

480
00:21:33,440 --> 00:21:35,760
Speaker 4: you slid into our d ms about something. This week

481
00:21:35,800 --> 00:21:38,240
Speaker 4: we're answering the question of should you stay in a

482
00:21:38,320 --> 00:21:40,640
Speaker 4: job that is dangling a really big carrot in front

483
00:21:40,680 --> 00:21:44,320
Speaker 4: of you? But it is not guaranteed. Guys, don't go anywhere.

484
00:21:47,840 --> 00:21:50,520
Speaker 5: Welcome back, everybody. Let's take a listen to this week's

485
00:21:50,600 --> 00:21:51,600
Speaker 5: money dilemma.

486
00:21:54,359 --> 00:21:56,720
Speaker 4: Hi, there, have you got a money dilemma you just

487
00:21:56,760 --> 00:21:59,280
Speaker 4: can't solve. The She's on the Money team is here

488
00:21:59,320 --> 00:22:02,560
Speaker 4: to help. Every week we tackle your dilemmas, both big

489
00:22:02,600 --> 00:22:05,480
Speaker 4: and small, to answer your most burning money, career.

490
00:22:05,240 --> 00:22:06,200
Speaker 2: And life questions.

491
00:22:06,440 --> 00:22:08,920
Speaker 4: To get involved, simply head to our website and leave

492
00:22:09,000 --> 00:22:11,120
Speaker 4: us a short voice recording and you might just find

493
00:22:11,119 --> 00:22:13,880
Speaker 4: yourself on the show. Now, let's take a listen to

494
00:22:13,920 --> 00:22:19,600
Speaker 4: this week's money dilemma.

495
00:22:17,240 --> 00:22:21,440
Speaker 7: She's on the Money. My question is about listed investment companies.

496
00:22:22,280 --> 00:22:26,760
Speaker 7: My dad encouraged me to invest in an LIC, which

497
00:22:26,760 --> 00:22:29,960
Speaker 7: I thought was an ETF. I was wondering if it's

498
00:22:30,000 --> 00:22:35,639
Speaker 7: still worth investing in LICs anymore, and should I stop

499
00:22:35,720 --> 00:22:39,720
Speaker 7: that and invest in an ETF. Love the podcast, by

500
00:22:39,760 --> 00:22:40,560
Speaker 7: the way, Thank you.

501
00:22:41,280 --> 00:22:44,200
Speaker 5: Ah, that's so nice, that's very kind. I mean, really honest,

502
00:22:44,200 --> 00:22:47,119
Speaker 5: I have no idea what an LIC is, so so

503
00:22:47,200 --> 00:22:49,879
Speaker 5: Beck's going to have to answer, Yes, you've got anything

504
00:22:49,880 --> 00:22:50,440
Speaker 5: which is going.

505
00:22:50,359 --> 00:22:54,959
Speaker 6: To beg what if you got I would recommend you

506
00:22:55,640 --> 00:22:56,240
Speaker 6: google that.

507
00:22:56,880 --> 00:22:59,120
Speaker 2: Hopefully that's perfect that's really good advice.

508
00:22:59,640 --> 00:23:01,720
Speaker 4: I'm not going to google it, but I can just

509
00:23:01,960 --> 00:23:05,960
Speaker 4: tell you about it suffice. So it's kind of like

510
00:23:06,840 --> 00:23:09,760
Speaker 4: it's similar to an ETF, so you're kind of on

511
00:23:09,880 --> 00:23:12,480
Speaker 4: the same track. I would say that they're much more

512
00:23:12,520 --> 00:23:15,480
Speaker 4: popular with an older generation, so it kind of makes

513
00:23:15,520 --> 00:23:17,760
Speaker 4: sense that your dad recommended them.

514
00:23:17,920 --> 00:23:20,399
Speaker 2: Does that mean they're not good? No, absolutely not.

515
00:23:20,640 --> 00:23:23,400
Speaker 4: They're just not as popular and there aren't as many

516
00:23:23,600 --> 00:23:27,560
Speaker 4: of them. So essentially they're just a type of investment

517
00:23:27,600 --> 00:23:30,520
Speaker 4: fund that you can also find on the ASX. So

518
00:23:30,680 --> 00:23:34,000
Speaker 4: all ETFs and shares and bonds they trade through the

519
00:23:34,000 --> 00:23:37,800
Speaker 4: AX and LICs are no different. But when you invest

520
00:23:37,840 --> 00:23:41,960
Speaker 4: in an LIC, you're essentially buying into a diversified portfolio

521
00:23:41,960 --> 00:23:46,000
Speaker 4: of assets that is managed by a professional team. You

522
00:23:46,400 --> 00:23:49,520
Speaker 4: might go, well, that's an ETF, No, it is not.

523
00:23:49,960 --> 00:23:54,240
Speaker 4: It is usually less assets than an ETF, and in

524
00:23:54,320 --> 00:23:57,800
Speaker 4: an LIC you could get Australian shares or international shares,

525
00:23:57,920 --> 00:24:00,480
Speaker 4: and it really depends on what that LIC or that

526
00:24:00,760 --> 00:24:06,000
Speaker 4: listed investment companies focus or goal is. You often find

527
00:24:06,000 --> 00:24:10,480
Speaker 4: that people are choosing LICs because they offer incidant diversification

528
00:24:10,960 --> 00:24:13,480
Speaker 4: same as an ETF, regular.

529
00:24:13,000 --> 00:24:15,040
Speaker 2: Dividend payments, usually kind.

530
00:24:14,920 --> 00:24:17,520
Speaker 4: A bit of a set and forget approach if you're

531
00:24:17,560 --> 00:24:19,840
Speaker 4: not somebody who wants to manage your own portfolio.

532
00:24:20,240 --> 00:24:23,280
Speaker 2: They're also close ended, so.

533
00:24:23,160 --> 00:24:26,720
Speaker 4: That means that there is a limited number of them available,

534
00:24:26,800 --> 00:24:30,120
Speaker 4: so like once that amount of investors is capped out,

535
00:24:30,160 --> 00:24:32,720
Speaker 4: you can't get into that LIC, which is a little

536
00:24:32,720 --> 00:24:37,199
Speaker 4: bit different than an ETF where you're purchasing and usually

537
00:24:37,240 --> 00:24:40,240
Speaker 4: there's a lot more of them to go around, and

538
00:24:40,320 --> 00:24:44,120
Speaker 4: it can make pricing a to a bit different than ETFs,

539
00:24:44,520 --> 00:24:48,159
Speaker 4: which are open ended. LICs can also trade at a

540
00:24:48,200 --> 00:24:51,479
Speaker 4: premium or a discount to their net asset value, so

541
00:24:51,560 --> 00:24:54,640
Speaker 4: that's like something to keep in mind before you jump in.

542
00:24:55,040 --> 00:24:57,359
Speaker 4: So what I'm trying to say basically is they do

543
00:24:57,480 --> 00:25:01,240
Speaker 4: carrying more risk than an ETF because they're often trying

544
00:25:01,280 --> 00:25:03,959
Speaker 4: to beat to the market instead of match the market

545
00:25:04,040 --> 00:25:06,480
Speaker 4: when it comes to their investment returns. So you know

546
00:25:06,480 --> 00:25:09,760
Speaker 4: how we say, you know, I want average returns, and

547
00:25:10,040 --> 00:25:12,560
Speaker 4: a lot of people will be like, Vie, that's so dumb,

548
00:25:12,640 --> 00:25:15,240
Speaker 4: like and we're just talking about my personal investment strategy here,

549
00:25:15,280 --> 00:25:17,560
Speaker 4: not about like what everyone should be doing, but like

550
00:25:17,920 --> 00:25:20,960
Speaker 4: when it comes to my personal investment strategy, like I've

551
00:25:21,000 --> 00:25:24,040
Speaker 4: started investing young, I actually don't want to rock the boat.

552
00:25:24,080 --> 00:25:27,159
Speaker 4: Like I'm a very conservative, aggressive investor, so I'm picking

553
00:25:27,200 --> 00:25:32,520
Speaker 4: like try true blue chip stocks, but I'm investing a lot,

554
00:25:32,960 --> 00:25:35,240
Speaker 4: so I'm quite aggressive in terms of what I'm holding.

555
00:25:35,280 --> 00:25:39,000
Speaker 4: I don't like holding casher like holding ETFs at investments, right,

556
00:25:39,440 --> 00:25:41,840
Speaker 4: But an LIC is a bit more risky, so you've

557
00:25:41,840 --> 00:25:45,160
Speaker 4: got to weigh that up. And just like any investment,

558
00:25:45,359 --> 00:25:47,920
Speaker 4: like it's so important to understand how it's going to

559
00:25:48,000 --> 00:25:50,480
Speaker 4: fit into your broader strategy and do some research. But

560
00:25:50,560 --> 00:25:53,240
Speaker 4: like they can be a good long term option for

561
00:25:53,320 --> 00:25:56,560
Speaker 4: a lot of people, but again more risk, more return,

562
00:25:57,080 --> 00:26:00,679
Speaker 4: and something that is not as popular as an ETF

563
00:26:01,000 --> 00:26:05,840
Speaker 4: or a managed fund. Essentially, that answer the question, I'm

564
00:26:05,840 --> 00:26:13,320
Speaker 4: satisfied you guys seem nabbed so that I have explained

565
00:26:13,359 --> 00:26:15,560
Speaker 4: what an L I see is to you. I'm still

566
00:26:15,560 --> 00:26:16,879
Speaker 4: wrapping my brain around that little bit.

567
00:26:16,920 --> 00:26:18,240
Speaker 5: I think I'm digesting, you know.

568
00:26:19,040 --> 00:26:21,359
Speaker 4: So it's essentially a more high risk version of an

569
00:26:21,359 --> 00:26:26,160
Speaker 4: ETF with less stuff in it, Jess, same idea as

570
00:26:26,200 --> 00:26:30,120
Speaker 4: a basket of shares, Like, same concept. You're diversifying your risk,

571
00:26:30,320 --> 00:26:34,320
Speaker 4: but you are taking a bit more risk because you're

572
00:26:34,400 --> 00:26:38,560
Speaker 4: hoping that this will return more for you than it

573
00:26:38,640 --> 00:26:39,480
Speaker 4: would if.

574
00:26:39,280 --> 00:26:40,280
Speaker 2: You were in an ETF.

575
00:26:40,680 --> 00:26:41,240
Speaker 5: Yeah.

576
00:26:41,320 --> 00:26:44,439
Speaker 4: So if you've done your risk profile and that aligns

577
00:26:44,480 --> 00:26:46,919
Speaker 4: with what you want to do, great, But they're not

578
00:26:47,080 --> 00:26:50,760
Speaker 4: usually that popular because on average, if you look at

579
00:26:50,800 --> 00:26:54,480
Speaker 4: the returns, they end up being relatively similar to an

580
00:26:54,480 --> 00:26:59,359
Speaker 4: ETF in terms of returns. And that doesn't mean that

581
00:26:59,400 --> 00:27:02,159
Speaker 4: the goal is different, Like the goal is to outperform

582
00:27:02,200 --> 00:27:04,720
Speaker 4: the market, but like I can set that coal, I

583
00:27:04,760 --> 00:27:07,920
Speaker 4: want to make shitloads of money too, doesn't mean I'm

584
00:27:07,960 --> 00:27:11,080
Speaker 4: going to so often you've got a way up. Is

585
00:27:11,119 --> 00:27:14,199
Speaker 4: it worth taking more risk to get more return or

586
00:27:14,280 --> 00:27:15,480
Speaker 4: is it just tried?

587
00:27:15,560 --> 00:27:18,520
Speaker 2: True, steady, keep on keeping on.

588
00:27:18,880 --> 00:27:22,119
Speaker 4: Sure, Okay, you got answer. I feel like that me

589
00:27:22,240 --> 00:27:25,440
Speaker 4: being like okay, so yeah, I think I.

590
00:27:25,359 --> 00:27:27,960
Speaker 2: Get that because in my head it's like tortoise in

591
00:27:28,000 --> 00:27:28,320
Speaker 2: the hair.

592
00:27:28,400 --> 00:27:31,520
Speaker 6: It's like one road is like chaotic and like fun

593
00:27:31,560 --> 00:27:33,879
Speaker 6: and like up and down, and then the others like

594
00:27:33,960 --> 00:27:35,960
Speaker 6: slow and steady, and but.

595
00:27:35,960 --> 00:27:37,840
Speaker 2: You get there safely. You both get there.

596
00:27:38,600 --> 00:27:43,480
Speaker 6: There, you get there and like the same time, ish

597
00:27:43,680 --> 00:27:46,399
Speaker 6: you both kind of get the same reward over time.

598
00:27:46,640 --> 00:27:48,960
Speaker 5: The very nictionality from you back, thank.

599
00:27:48,680 --> 00:27:51,240
Speaker 6: You so much. I know that the tortoise gets there faster.

600
00:27:51,359 --> 00:27:54,119
Speaker 6: It is the actual point of that story. But in

601
00:27:54,160 --> 00:27:56,399
Speaker 6: this story we end up in the same place.

602
00:27:56,560 --> 00:27:59,560
Speaker 4: Yeah, but also in the investing world, I'm so happy

603
00:27:59,560 --> 00:28:03,160
Speaker 4: to be the like I really am. Like, I think

604
00:28:03,200 --> 00:28:07,120
Speaker 4: that there's so much information out there right now, especially

605
00:28:07,160 --> 00:28:09,919
Speaker 4: because we know what's going on with the US market

606
00:28:09,960 --> 00:28:13,239
Speaker 4: and Trump and everyone's got an opinion, and I just

607
00:28:13,280 --> 00:28:16,399
Speaker 4: think that I'm not looking to blow the lights out.

608
00:28:16,520 --> 00:28:18,919
Speaker 2: I'm actually looking to keep my lights on forever.

609
00:28:19,480 --> 00:28:23,400
Speaker 4: And for me, it's about tried and true and steady,

610
00:28:23,480 --> 00:28:25,480
Speaker 4: and even though the market is down, I'm not changing

611
00:28:25,480 --> 00:28:27,639
Speaker 4: my investment strategy. And I think that this is a

612
00:28:27,640 --> 00:28:30,840
Speaker 4: good lesson in like, hey, there's another investment option out there.

613
00:28:31,680 --> 00:28:33,879
Speaker 4: Consider it work out if it works for you. But

614
00:28:33,920 --> 00:28:35,720
Speaker 4: if it does work for you, you'd be wanting to

615
00:28:35,760 --> 00:28:37,679
Speaker 4: commit to it for the long term, not try it

616
00:28:37,680 --> 00:28:40,000
Speaker 4: out for a month or a year and then change.

617
00:28:40,320 --> 00:28:40,560
Speaker 1: Yeah.

618
00:28:40,680 --> 00:28:41,120
Speaker 2: Totally.

619
00:28:41,400 --> 00:28:42,960
Speaker 5: Yeah, ship into the GCDM for the week.

620
00:28:43,080 --> 00:28:45,560
Speaker 4: If I have been looking forward to this one because

621
00:28:45,800 --> 00:28:47,360
Speaker 4: I love a bit of goss. I love a bit

622
00:28:47,400 --> 00:28:50,400
Speaker 4: of drama, and I feel like that's what this story has.

623
00:28:50,400 --> 00:28:53,600
Speaker 4: Someone DMed us this week. You ready yeap Hi cheese.

624
00:28:53,680 --> 00:28:56,960
Speaker 4: On the money, I'm stuck on a money dilemma. My

625
00:28:57,080 --> 00:29:00,000
Speaker 4: husband just got offered a new job with way better

626
00:28:59,920 --> 00:29:03,360
Speaker 4: pay enough to take some serious pressure off us right now,

627
00:29:03,760 --> 00:29:06,479
Speaker 4: but he only took his current job because of the

628
00:29:06,520 --> 00:29:10,240
Speaker 4: employee share scheme, and if he leaves now, we lose

629
00:29:10,280 --> 00:29:13,880
Speaker 4: it completely. We've made a lot of sacrifices for that plan,

630
00:29:14,120 --> 00:29:17,720
Speaker 4: turned down other offers, tightened our budget, all in the

631
00:29:17,760 --> 00:29:20,840
Speaker 4: hope that one day it would pay off. And if

632
00:29:20,840 --> 00:29:23,480
Speaker 4: the business sells like we think it might, it could

633
00:29:23,520 --> 00:29:26,240
Speaker 4: seriously change our lives and we could retire early.

634
00:29:26,760 --> 00:29:28,080
Speaker 2: But it's not guaranteed.

635
00:29:28,640 --> 00:29:30,680
Speaker 4: He wants to take the new job, and I get it,

636
00:29:31,000 --> 00:29:33,640
Speaker 4: but part of me wonders if we're giving up on

637
00:29:33,720 --> 00:29:37,720
Speaker 4: something huge right before it happens. I'm usually a logical one,

638
00:29:37,960 --> 00:29:39,840
Speaker 4: but I don't want to look back and regret it

639
00:29:39,880 --> 00:29:42,440
Speaker 4: if the sale goes through. Help what would you do?

640
00:29:44,600 --> 00:29:45,720
Speaker 4: Got a few thoughts.

641
00:29:46,360 --> 00:29:48,640
Speaker 6: The first one is like, did this person's partner were

642
00:29:48,640 --> 00:29:51,160
Speaker 6: they actively applying for jobs? Or do someone just like say, hey,

643
00:29:51,200 --> 00:29:52,360
Speaker 6: do you want this job?

644
00:29:52,440 --> 00:29:54,120
Speaker 4: You know, I think a job's popped up and it's

645
00:29:54,200 --> 00:29:57,680
Speaker 4: like a very good opportunity, Like if he's a good employee,

646
00:29:57,760 --> 00:29:59,960
Speaker 4: could have been tapped on the shoulder and been like, hey, mate,

647
00:30:00,080 --> 00:30:00,840
Speaker 4: heard about you.

648
00:30:01,120 --> 00:30:04,320
Speaker 2: Could have been okay. I mean, let's assume that because.

649
00:30:04,680 --> 00:30:06,280
Speaker 6: There are two ways to look at this, and in

650
00:30:06,400 --> 00:30:09,560
Speaker 6: the first way is that he was actively looking for

651
00:30:09,600 --> 00:30:12,480
Speaker 6: a job because he's miserable where he's at, or he's

652
00:30:12,480 --> 00:30:14,920
Speaker 6: like scared, or he's like either way, like it's not

653
00:30:15,080 --> 00:30:17,040
Speaker 6: doing very well for his mental health. In that case,

654
00:30:17,080 --> 00:30:21,120
Speaker 6: in any situation, I'm like, absolutely prioritize mental health and

655
00:30:21,280 --> 00:30:25,840
Speaker 6: happiness and well being over anything, including money, no matter what. Well,

656
00:30:25,880 --> 00:30:28,080
Speaker 6: maybe there are some things that depend on that, but anyway,

657
00:30:28,200 --> 00:30:31,240
Speaker 6: that's one route. But if it's like you guys are comfortable,

658
00:30:31,240 --> 00:30:35,040
Speaker 6: everyone's happy, just chillin'. It's probably a little bit tight,

659
00:30:35,080 --> 00:30:38,000
Speaker 6: but you can make it work. And someone just said,

660
00:30:38,000 --> 00:30:43,200
Speaker 6: oh do you want this, then I would stay. I

661
00:30:43,240 --> 00:30:44,880
Speaker 6: would stick it out. I would be like, this is

662
00:30:44,960 --> 00:30:46,880
Speaker 6: kind of cool, like you could retire earlier. I don't

663
00:30:46,920 --> 00:30:50,240
Speaker 6: know what the hell this is, but it sounds incredible,

664
00:30:50,240 --> 00:30:52,760
Speaker 6: Like if you if there are so many opportunities, I

665
00:30:52,800 --> 00:30:55,480
Speaker 6: would stick it out. If you're comfortable, if you're okay

666
00:30:55,600 --> 00:30:58,280
Speaker 6: right now, even if it's a bit tired, but you've

667
00:30:58,320 --> 00:31:00,480
Speaker 6: been doing it, Like, just keep doing it, you know

668
00:31:00,560 --> 00:31:03,320
Speaker 6: what I mean? And then just like maybe it seems

669
00:31:03,320 --> 00:31:05,720
Speaker 6: like our listener's partner has a lot of you know,

670
00:31:05,920 --> 00:31:08,800
Speaker 6: skills and is in high demand, so I wouldn't worry

671
00:31:08,840 --> 00:31:11,280
Speaker 6: too much about boy. Yeah, I would be like, just

672
00:31:11,360 --> 00:31:13,520
Speaker 6: keep trying, and then if you gets your point, we're like, Okay,

673
00:31:13,560 --> 00:31:15,800
Speaker 6: we really got to get out of this. Then I

674
00:31:16,000 --> 00:31:18,240
Speaker 6: doubt that they'll have problems trying to find a new

675
00:31:18,320 --> 00:31:20,840
Speaker 6: job in the future. What is it an employee share scheme?

676
00:31:21,040 --> 00:31:24,240
Speaker 6: It's where you join I like that. You're like, hold on,

677
00:31:24,280 --> 00:31:26,160
Speaker 6: I've got all this advice. Wait what am I giving

678
00:31:26,160 --> 00:31:26,719
Speaker 6: advice on.

679
00:31:27,800 --> 00:31:31,880
Speaker 4: It is basically where if you goal and work for

680
00:31:31,920 --> 00:31:35,080
Speaker 4: a business, they pay you, but more often than not,

681
00:31:35,280 --> 00:31:38,680
Speaker 4: they're not paying you a blow the lights out salary,

682
00:31:39,320 --> 00:31:42,120
Speaker 4: but they should be for that role. But instead they're

683
00:31:42,120 --> 00:31:45,920
Speaker 4: offering new shares in the company, but only if you stay.

684
00:31:46,840 --> 00:31:49,040
Speaker 4: So if you leave the business, you don't get to

685
00:31:49,160 --> 00:31:51,760
Speaker 4: keep the shares. They would take them back. But if

686
00:31:51,840 --> 00:31:55,400
Speaker 4: you're an employee at the time that that business sells

687
00:31:55,880 --> 00:31:59,360
Speaker 4: and you have the employee share scheme, you would be

688
00:31:59,400 --> 00:32:00,040
Speaker 4: paid out.

689
00:31:59,840 --> 00:32:00,720
Speaker 2: For those shares.

690
00:32:00,960 --> 00:32:05,840
Speaker 4: Whoa Okay, So like it's a good idea in theory, Jess,

691
00:32:05,880 --> 00:32:06,520
Speaker 4: what would you do?

692
00:32:07,520 --> 00:32:11,440
Speaker 5: So maybe it's a different setup. But in some employees

693
00:32:11,480 --> 00:32:15,040
Speaker 5: share schemes, usually there's a point at which they vest.

694
00:32:14,960 --> 00:32:19,320
Speaker 2: Right can be it they're vesting shares or non vesting shares.

695
00:32:19,120 --> 00:32:23,120
Speaker 5: Because I personally just don't see the appeal. So vesting

696
00:32:23,200 --> 00:32:24,600
Speaker 5: is like when it becomes yours.

697
00:32:24,680 --> 00:32:27,280
Speaker 4: Yeah, So like it's like in trust or it's like promise.

698
00:32:27,440 --> 00:32:29,640
Speaker 4: So you could see the word vested as like it's

699
00:32:29,680 --> 00:32:32,560
Speaker 4: promised to you, but it's like a legal promise, so

700
00:32:32,600 --> 00:32:33,360
Speaker 4: it's going to happen.

701
00:32:33,560 --> 00:32:34,040
Speaker 2: Yeah.

702
00:32:34,080 --> 00:32:36,240
Speaker 4: So like I could say to you, hey, bet, come

703
00:32:36,280 --> 00:32:38,440
Speaker 4: work for Shees on the money. I'm going to give

704
00:32:38,480 --> 00:32:42,640
Speaker 4: you fifty percent of the business, but it's not going

705
00:32:42,720 --> 00:32:44,840
Speaker 4: to be your business unless you work for me and

706
00:32:44,880 --> 00:32:47,440
Speaker 4: it all works out between you and I for three

707
00:32:47,520 --> 00:32:50,400
Speaker 4: years and then we would have a document between the

708
00:32:50,440 --> 00:32:54,400
Speaker 4: two of us and after three years, if everything is

709
00:32:54,440 --> 00:32:57,960
Speaker 4: sunshine and roses, automatically you get fifty percent of the business.

710
00:32:58,000 --> 00:33:01,120
Speaker 4: But if you got fired before then you quit before then,

711
00:33:01,560 --> 00:33:03,800
Speaker 4: well that document is now null and void.

712
00:33:03,840 --> 00:33:06,000
Speaker 2: In those shares should become yours.

713
00:33:06,000 --> 00:33:09,400
Speaker 4: But vesting is essentially a legal promise, like I promise

714
00:33:09,480 --> 00:33:11,160
Speaker 4: to give them to you, but not yet.

715
00:33:11,720 --> 00:33:13,840
Speaker 2: And then after the three is whether you stay or leave,

716
00:33:13,880 --> 00:33:14,720
Speaker 2: there's your.

717
00:33:15,080 --> 00:33:16,480
Speaker 5: Yeah, which is what I was gonna say, is like

718
00:33:16,520 --> 00:33:18,800
Speaker 5: I just don't really see the appeal of like, oh,

719
00:33:18,880 --> 00:33:20,840
Speaker 5: like you own shares in this company and if it

720
00:33:20,920 --> 00:33:23,080
Speaker 5: sells while you're here, Like, I don't see my anyone

721
00:33:23,160 --> 00:33:24,680
Speaker 5: say yes to that, because what are the chances of the.

722
00:33:24,600 --> 00:33:27,920
Speaker 4: Companies do Like I've seen it he czy to me.

723
00:33:28,080 --> 00:33:31,840
Speaker 4: People get sold dreams by people who are taking advantage

724
00:33:31,840 --> 00:33:34,480
Speaker 4: of that. I've also seen people who were promised shares

725
00:33:34,520 --> 00:33:37,000
Speaker 4: then the business gets sold and they say, sorry, that

726
00:33:37,080 --> 00:33:39,880
Speaker 4: wasn't legally documented. And I don't care about burning that

727
00:33:39,960 --> 00:33:41,840
Speaker 4: relationship with you catch you BUYE.

728
00:33:42,120 --> 00:33:44,080
Speaker 2: It's actually insane. I don't know.

729
00:33:44,160 --> 00:33:48,040
Speaker 4: I think my advice is if the stability and better

730
00:33:48,120 --> 00:33:52,760
Speaker 4: income and improved quality of life right now is a

731
00:33:52,880 --> 00:33:55,800
Speaker 4: value to you, that might actually be worth more than

732
00:33:55,840 --> 00:33:59,240
Speaker 4: waiting on a maybe Like you're telling me that you're

733
00:33:59,240 --> 00:34:01,680
Speaker 4: going to earn more money now, so like how much

734
00:34:01,880 --> 00:34:02,120
Speaker 4: is this?

735
00:34:02,320 --> 00:34:03,520
Speaker 2: You're going to get a million dollars?

736
00:34:03,560 --> 00:34:05,680
Speaker 4: Like you did say you could retire early, but like

737
00:34:06,920 --> 00:34:09,719
Speaker 4: maybe retire early, like really I don't know how much

738
00:34:09,719 --> 00:34:14,600
Speaker 4: company sells for as well exactly, And like what if

739
00:34:14,640 --> 00:34:17,640
Speaker 4: you use that increased income that you're getting from this

740
00:34:17,800 --> 00:34:21,160
Speaker 4: new job to create wealth like yourself and like your

741
00:34:21,160 --> 00:34:23,759
Speaker 4: own version of wealth On the flip side, I think

742
00:34:23,800 --> 00:34:26,799
Speaker 4: it might be worth asking your partner like what do

743
00:34:26,840 --> 00:34:29,279
Speaker 4: you want? And then what do I want? And like

744
00:34:29,360 --> 00:34:31,680
Speaker 4: how do we both feel at peace with this decision?

745
00:34:31,719 --> 00:34:33,920
Speaker 4: Like what's the best thing here? Like, yeah, as your

746
00:34:34,000 --> 00:34:37,480
Speaker 4: husband actually had a proper conversation with his employer about

747
00:34:37,480 --> 00:34:41,680
Speaker 4: the shares, like cool, do I lose them? Do they vest?

748
00:34:41,920 --> 00:34:44,600
Speaker 4: Like what's going on here? How does that work? Like

749
00:34:44,800 --> 00:34:47,520
Speaker 4: is there any flexibility with the scheme if he left?

750
00:34:47,760 --> 00:34:51,719
Speaker 4: Like or is there any flexibility for a pay rise now?

751
00:34:51,800 --> 00:34:55,600
Speaker 4: Because clearly things are tied otherwise I wouldn't be asking, yeah,

752
00:34:55,680 --> 00:34:58,920
Speaker 4: like what does a financial plan look like? Like I

753
00:34:58,960 --> 00:35:02,520
Speaker 4: think the conversation is a bit more open because you know,

754
00:35:02,880 --> 00:35:06,640
Speaker 4: I don't offer that in my businesses, but hypothetically if

755
00:35:06,680 --> 00:35:08,840
Speaker 4: I did, and then I found out that Jess hated

756
00:35:08,880 --> 00:35:13,200
Speaker 4: working at she's on the money, Like how much do

757
00:35:13,280 --> 00:35:17,359
Speaker 4: I want her sticking around and bringing.

758
00:35:17,040 --> 00:35:17,640
Speaker 2: Down the vibe?

759
00:35:17,680 --> 00:35:20,840
Speaker 4: Like you don't idea that, like you know, if she's unhappy,

760
00:35:20,880 --> 00:35:23,319
Speaker 4: she's probably bringing down the vibe. She's doing all of

761
00:35:23,360 --> 00:35:26,680
Speaker 4: those things, but she's sticking around because she technically owns

762
00:35:26,760 --> 00:35:31,080
Speaker 4: part of the business and doesn't want to lose it. Ye, Like, honestly,

763
00:35:31,080 --> 00:35:33,320
Speaker 4: I'd prefer Jess to go and keep part of the business.

764
00:35:33,640 --> 00:35:35,880
Speaker 5: Yeah, depends on the size of the company. To the right,

765
00:35:36,000 --> 00:35:38,120
Speaker 5: it's like a big company like Apple, for example, on a

766
00:35:38,120 --> 00:35:41,239
Speaker 5: employee share scheme. I don't know what the differentiation is,

767
00:35:41,280 --> 00:35:44,160
Speaker 5: but you can also purchase shares at a discounter price

768
00:35:44,280 --> 00:35:47,200
Speaker 5: right under an employee share scheme. So it's kind of like,

769
00:35:47,239 --> 00:35:49,560
Speaker 5: if it's a big company, that example you're giving is

770
00:35:49,600 --> 00:35:52,080
Speaker 5: probably less applicab because there's ten million bodies on the

771
00:35:52,080 --> 00:35:54,319
Speaker 5: ground where totally. If it is, like you said, a

772
00:35:54,320 --> 00:35:56,560
Speaker 5: small team, then maybe not as much. But what did

773
00:35:56,560 --> 00:35:57,359
Speaker 5: everybody else say?

774
00:35:57,480 --> 00:35:59,840
Speaker 4: Yes, So we asked what would you do if you

775
00:35:59,840 --> 00:36:02,279
Speaker 4: were our community member. Forty two percent of you said

776
00:36:02,280 --> 00:36:05,439
Speaker 4: you'd take the safe job, sixteen percent of you said

777
00:36:05,440 --> 00:36:07,600
Speaker 4: you'd stay, forty one percent said it was too hard

778
00:36:07,600 --> 00:36:08,120
Speaker 4: to choose.

779
00:36:08,640 --> 00:36:10,680
Speaker 2: We asked what would you regret more, and.

780
00:36:10,560 --> 00:36:14,400
Speaker 4: Fifty two percent of you said wasting years for nothing.

781
00:36:14,600 --> 00:36:18,160
Speaker 4: Then twenty percent said no regrets, just lessons, fourteen percent

782
00:36:18,200 --> 00:36:21,080
Speaker 4: said walking way too soon, and thirteen percent said I

783
00:36:21,120 --> 00:36:24,719
Speaker 4: actually regret everything. And then, honestly, the advice in our

784
00:36:24,800 --> 00:36:27,080
Speaker 4: DMS was very similar to what we were saying, like

785
00:36:27,239 --> 00:36:30,000
Speaker 4: talk to your company, have a chat, like I'd suss

786
00:36:30,000 --> 00:36:33,040
Speaker 4: out what the company payout is, like what's the business

787
00:36:33,280 --> 00:36:35,719
Speaker 4: like worth. Then a lot of people will like, don't

788
00:36:35,719 --> 00:36:38,719
Speaker 4: forget about like sunk cost fallacy. Honestly, it helps in

789
00:36:38,760 --> 00:36:41,520
Speaker 4: similar situations like just because you've invested time and there

790
00:36:41,600 --> 00:36:44,439
Speaker 4: is an opportunity doesn't mean it's the best. And then

791
00:36:44,520 --> 00:36:47,640
Speaker 4: someone said, you can't eat equity for breakfast, and I

792
00:36:47,719 --> 00:36:50,719
Speaker 4: think that that is a very good place to leave it.

793
00:36:50,880 --> 00:36:54,480
Speaker 2: So it's been good, live, love, laugh, guys.

794
00:36:55,080 --> 00:36:57,200
Speaker 4: But have a happy Easter and we'll see you bright

795
00:36:57,280 --> 00:36:59,080
Speaker 4: early on Monday morning for Money Diary.

796
00:36:59,200 --> 00:37:07,600
Speaker 5: Bye guys, hoppy Easter, You're so cute.

797
00:37:11,520 --> 00:37:14,080
Speaker 4: The advice shared on She's on the Money is general

798
00:37:14,120 --> 00:37:17,959
Speaker 4: in nature and does not consider your individual circumstances. She's

799
00:37:18,040 --> 00:37:21,480
Speaker 4: on the Money exists purely for educational purposes and should

800
00:37:21,520 --> 00:37:24,680
Speaker 4: not be relied upon to make an investment or financial decision.

801
00:37:25,080 --> 00:37:27,520
Speaker 4: If you do choose to buy a financial product, read

802
00:37:27,560 --> 00:37:30,880
Speaker 4: the PDS, TMD and obtain appropriate financial.

803
00:37:30,480 --> 00:37:32,280
Speaker 2: Advice tailored towards your needs.

804
00:37:32,640 --> 00:37:36,560
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

805
00:37:36,600 --> 00:37:40,319
Speaker 4: of Money. Sheper Pty Ltd a BN three two one

806
00:37:40,400 --> 00:37:44,080
Speaker 4: IS six four nine two seven seven zero eight AFSL

807
00:37:44,239 --> 00:37:47,120
Speaker 4: four five one two eight nine