Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money. She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money the podcast.
Speaker 4: The next Personal Find is fun, especially on Fridays. It
Speaker 4: is our favorite day of the week. Also, Jess is
Speaker 4: because we're going to get to talk about Easter and
Speaker 4: who doesn't.
Speaker 2: Love a theme. Ah don't we all?
Speaker 4: But it's our favorite day of the week because it's
Speaker 4: our time to celebrate you. Ow incredible. She's on the
Speaker 4: Money community. Mister Gricci is going to be here with
Speaker 4: her Easter tips and the bunny vibes. She's also going
Speaker 4: to be sharing her favorite money wins from the Facebook group.
Speaker 2: We've got Beck who has.
Speaker 4: A number of different broad tips for you, and we're
Speaker 4: going to be helping to answer our money dilemma, which
Speaker 4: is this week all about whether you should invest in
Speaker 4: LICs and something that you slid into our dms about
Speaker 4: should you stay in a job that is dangling a
Speaker 4: big carrot that is not guaranteed? Before we get there, though,
Speaker 4: how have your weeks been?
Speaker 5: I think you should start Yes, East Joy, We're loving it.
Speaker 5: My favorite day of the year is the day after
Speaker 5: Easter when all the eggs go half priced.
Speaker 2: And this year Ferrero Rocher have an egg. Oh I
Speaker 2: haven't seen that. Wait for it. No, they have the
Speaker 2: mini eggs.
Speaker 4: Yes, and they aren't just like bits of Ferrero Rocher.
Speaker 4: They are Ferrero Rochet in an egg like it's got
Speaker 4: their filling in the office had them you weren't there.
Speaker 4: I ate a few extra for you, very nice. Don't
Speaker 4: say I don't do anything for you, but they were
Speaker 4: very good.
Speaker 5: I'll keep an eye out if anyone sees me at
Speaker 5: the shops at seven am the day after Easter. Room
Speaker 5: my bunny slippers. You know what I'm doing.
Speaker 4: I do not new bunny slippers actually, because bunny slippers are.
Speaker 2: Revived for the whole year. I agree.
Speaker 4: I agree my bunny slippers. I've gone to God. And
Speaker 4: when I say gone to God, I mean Lucy took
Speaker 4: one and had a turn and thought that it was
Speaker 4: a chew toy And yeah, I haven't ever recovered mentally
Speaker 4: from that.
Speaker 2: But that's okay. Beck. How's your week been? Are you
Speaker 2: are Easter bunny?
Speaker 4: Yes?
Speaker 2: I love Easter.
Speaker 5: Did you organize your hunt that you were going to do?
Speaker 2: I did?
Speaker 6: It turns out a lot of people go away Easter weekend, yeah.
Speaker 5: Especially with the back to back long weekends like yeah,
Speaker 5: and so I'm like, you guys have next weekend, why
Speaker 5: go in this weekend?
Speaker 2: Anyway? But it's still a bit of fun, isn't it.
Speaker 6: And honestly, I think at this point I am still
Speaker 6: trying to rally the troops. I'm honestly just pulling strangers
Speaker 6: off the street at this point. But yeah, it's been
Speaker 6: a really really lovely week. I have done much, to
Speaker 6: be honest, I'm just chilling, just viban, you know, I'm
Speaker 6: just I'm just.
Speaker 2: Like trying to live, live, live, love laugh.
Speaker 4: I say it so quick that you think it's going
Speaker 4: to be easy, don't I yeah, oh yeah, absolutely. It's
Speaker 4: not easy to say live love laugh, It's really not.
Speaker 4: I've perfected that, how about you V. I'm live love laughing,
Speaker 4: and I'm excited for Easter. I'm actually really excited for
Speaker 4: a bit of a break. It is, I think the
Speaker 4: first Easter. So obviously, Harvey was around last Easter but
Speaker 4: was a tiny sweet potato. So did nothing and all
Speaker 4: I could do was dress him up in a bunny suit,
Speaker 4: which I don't regret for a second. And I have
Speaker 4: been trying to hunt down a bigger bunny suit that
Speaker 4: is equally as cute, but they aren't. Like last year,
Speaker 4: I got one from just Target and it was very
Speaker 4: cost effective. I can't find one that is going to
Speaker 4: cost less than fifty dollars, so he might be bunny
Speaker 4: suitless this year. I just can't justify it, like it
Speaker 4: just yes, Like, don't get me wrong, this is not
Speaker 4: me complaining about money, but like, fifty bucks is a
Speaker 4: lot of money to spend on a bunny suit that
Speaker 4: your kid.
Speaker 2: Wears once you know out of it.
Speaker 4: Ye yeah, Like that just seems like I'm flushing money
Speaker 4: down the toilet. But if you see me on Instagram
Speaker 4: with a baby in a bunny suit, it's because I
Speaker 4: had no self control. I haven't yet purchased one, but like, honestly,
Speaker 4: just don't be surprised. No, I'm really looking forward to it.
Speaker 4: I've had a pretty busy week this week, so I
Speaker 4: think that I'm just really looking forward to a few
Speaker 4: days off. And as I don't know as a business owner,
Speaker 4: but genuinely as somebody who owns a business, taking time
Speaker 4: off is great, But taking time off when you know
Speaker 4: your team aren't work it's a different level of relax
Speaker 4: because I just know that, like, no one's going to
Speaker 4: be like, oh, hey, V Like I know that you're
Speaker 4: x y Z, but I need an answer on Like,
Speaker 4: no one's going to ask me anything, and I don't
Speaker 4: have to like check in or anything. So it's just
Speaker 4: nice to have some shared time off with the team.
Speaker 4: So that's where I'm at. But yeah, and also this
Speaker 4: week was busy, but I didn't miss looking at our
Speaker 4: five star reviews and we are very lucky because we
Speaker 4: have another one that I want to share.
Speaker 2: Yeah, are you ready ready?
Speaker 4: So this one's from Lily, and Lily says life changing
Speaker 4: five stars. I've been listening to She's on the Money
Speaker 4: for about two years now, and it has changed my life.
Speaker 4: I have paid off debts, changed my spending habits, and
Speaker 4: started investing.
Speaker 2: The girls are so much fun. Get this Jess.
Speaker 4: In brackets, it says, especially Beck, I love listening to
Speaker 4: every episode on my drives. About to leave on my
Speaker 4: first ever real holiday, and it's thanks to She's on
Speaker 4: the Money that I've been able to do this.
Speaker 2: Thanks girls, nice? Why do you have to put in
Speaker 2: brackets that Beck was the best one? Necessary details?
Speaker 4: Like when people rub it in they're like, oh, yeah,
Speaker 4: so what were you doing this weekend again, Jess?
Speaker 2: Oh well, I'm going on a holiday. Yeah, we already know.
Speaker 2: We know you told us ready. Everybody likes Beck the best.
Speaker 4: We know.
Speaker 2: I don't think so. People say that they I love
Speaker 2: that too. That's really cute.
Speaker 4: But Jess and I will just sit over here in
Speaker 4: the corner and eat for a roach chocolates if you can't.
Speaker 6: Yeah, we see less because I have lots to say. Actually,
Speaker 6: the rest of the.
Speaker 2: Start is here, you guys, rest Do you love that?
Speaker 3: All right?
Speaker 1: All right?
Speaker 4: Moving on, Jess does still get her own segment of
Speaker 4: the show, even though Beck seems to be at the
Speaker 4: moment everyone's favorite Jess. You get to go first to though.
Speaker 4: What are your community money wins this week?
Speaker 5: Alrighty, first day this week. I've got money win from Tina,
Speaker 5: who said she's renovating an old cottage which needs a
Speaker 5: new kitchen and bathroom. The budget is super tight, so
Speaker 5: she found a kitchen store that was moving locations to
Speaker 5: a biggest showroom. She asked if they were selling X
Speaker 5: display kitchens and they were, so she managed to score
Speaker 5: herself a twenty three thousand dollar kitchen for three grand.
Speaker 5: Oh what it still needed. It's a good deal. Wrapping
Speaker 5: on the cupboards and a bit of tetris work, but
Speaker 5: a huge money win. And then she said in another comment,
Speaker 5: she recommends calling around to local kitchen stocks, just asking
Speaker 5: if they sell X demo stocks.
Speaker 2: Oh my god, if you're smart.
Speaker 5: If you're going to do a reno, there's no harm
Speaker 5: in giving a buzz and seeing if you can maybe
Speaker 5: score yourself a bargain.
Speaker 2: Yes, that's so good.
Speaker 5: Next, I've got a money win from Chelsea, who said
Speaker 5: she accidentally bumped into another car in her building car park.
Speaker 2: Oh that would have been so stressed.
Speaker 5: She tapped it so lightly. Apparently she didn't even realize
Speaker 5: they reached out and got in touch with her. She
Speaker 5: said she was mortified and obviously offered to pay for
Speaker 5: all of the damage. They got a quote, and they
Speaker 5: let her know that they had previously done their own
Speaker 5: damage to a similar area of the car and just
Speaker 5: asked her to pay.
Speaker 2: Her the quote.
Speaker 5: Oh so, she said money. We didn't have a great
Speaker 5: lesson in kindness.
Speaker 1: On.
Speaker 4: Hold, I've just got questions. How do you run into
Speaker 4: someone's car not notice like, and how did they.
Speaker 2: Know it was Yeah? But how did they know a camera?
Speaker 4: Oh, if there's cameras, fine, sleigh, But she mentioned they
Speaker 4: got it on camera.
Speaker 2: Well, I mentioned that, did she? How how else would
Speaker 2: they know it was her? Exactly? How would they know?
Speaker 5: Victoria's like conspiracy because.
Speaker 4: Like immediately, like I just I was like, oh yeah,
Speaker 4: like if someone called me and said I'd run into
Speaker 4: their car immediately? So sorry, hold on, I think I
Speaker 4: would notice.
Speaker 2: Sometimes you don't know what are you mean?
Speaker 5: Sometimes you don't know you're accelerating and you're literally just
Speaker 5: like moving.
Speaker 2: Yeah, I think ping pong and now there I didn't
Speaker 2: realize it hot, Like if you hit something, you I mean,
Speaker 2: I don't know. All I know is I think it's conspiracy.
Speaker 2: I think it's a conspiracy. I think Chelsea shouldn't have
Speaker 2: paid anything.
Speaker 5: There you go anyway, she's happy the money.
Speaker 4: With Nope, I'm not. Now Now I'm like, I think
Speaker 4: they stood.
Speaker 1: Do you?
Speaker 2: I think you got scammed.
Speaker 5: Next, I've got a money in from Hannah, who said
Speaker 5: money win. Our hot water tank has been acting up
Speaker 5: and eventually stopped heating all together. I was this close
Speaker 5: to calling a plumber and had already started researching the
Speaker 5: costs to replace the entire thing, but she decided to
Speaker 5: dig a little bit deeper. She went through the manuals
Speaker 5: and discovered that there was a timer function that had
Speaker 5: somehow turned itself on, which meant the tank was switching
Speaker 5: itself off every night, and then it just wasn't turning
Speaker 5: back on in the morning. She said, she figured out
Speaker 5: how to fix it thanks to the manual, and just
Speaker 5: like that, it's working perfectly. Power doesn't cost a thing.
Speaker 2: What you men can do, it can't be that hard.
Speaker 5: Exactly how hard can it be? Next, I've got a
Speaker 5: money win from Amma, who said she's signed up to
Speaker 5: the Baker's Delight app and you get a free item,
Speaker 5: which currently is hot Cross Buns, which I thought would
Speaker 5: be perfect for orry this week. If you want to
Speaker 5: get yourself some hot Cross buns to take East Moore,
Speaker 5: sign up to the Baker's Delight up apparently, and you
Speaker 5: get one fore, but she did say she didn't realize
Speaker 5: your free coupon expires after two weeks, so she didn't
Speaker 5: know that she signed up run out when she went
Speaker 5: in to get the free item, she couldn't use it anymore. No,
Speaker 5: but the lovely people a Baker's Light apparently gave her
Speaker 5: the Hot Cross buns.
Speaker 2: Anyway, Okay, that's highness.
Speaker 4: I feel like I expect that from Baker's Delight, apart
Speaker 4: from the fact that they pay people like six dollars
Speaker 4: an hour.
Speaker 2: Do they actually well, I remember you do, but like
Speaker 2: you do? Well, are you going to get a job
Speaker 2: in the future at Baker's still?
Speaker 6: Yeah?
Speaker 5: On the side, are you maybe for the free bread?
Speaker 2: To be honest, you scream?
Speaker 6: I work at bakers absolutely, Little Sweet Tree. It was
Speaker 6: like when hayl Right, so you know, Matt from Hale
Speaker 6: Right did like, you know, without context, I'm going to
Speaker 6: say where people would work.
Speaker 4: If they had like regular jobs. Yes, and they said
Speaker 4: that I would work at flight Center.
Speaker 2: I reckon, you.
Speaker 4: Absolutely would be Baker's in the nine possible way. Also, Flower,
Speaker 4: little Iron, I would slay at flight Center. You are right,
Speaker 4: Come here, I will plan your holiday to I've got
Speaker 4: the spreadsheet, I've got the deals. We're getting some cash
Speaker 4: back on shop back as we're booking.
Speaker 2: Yes, sorry, you would not be going where you think
Speaker 2: you're going. No. No, and also better, I have good recommendations.
Speaker 5: Ask yess she is a great restaurant.
Speaker 2: Wreck Yeah, that's true, say less.
Speaker 6: And how you know even in as As Bakistan, you'd
Speaker 6: be like, oh, yeah, this is beautiful place.
Speaker 1: Yeah.
Speaker 4: But like I don't just research beck. I just don't
Speaker 4: google our good restaurant in Bekastan.
Speaker 7: It was.
Speaker 4: But I'm looking up every single review. I'm looking at
Speaker 4: every single picture on trip Advisor. I filter out the
Speaker 4: ones that the company put up. We're not doing that.
Speaker 4: I'm only looking at the ones that guests uploaded, and
Speaker 4: then going on TikTok and looking up the hashtag.
Speaker 2: I'm looking up the company name.
Speaker 4: I'm looking up who has mentioned this, so that I
Speaker 4: can get a full experience and then I can be
Speaker 4: like oh yeah, actually I wouldn't go there.
Speaker 2: There you go.
Speaker 5: Last money when I've got this week is another egg
Speaker 5: themed one for everybody. Money win from Jamie who said
Speaker 5: we bought chickens before the price of eggs went up,
Speaker 5: and we haven't had to buy eggs in oods. Get
Speaker 5: yourself and friends that have chickens because my boyfriends mama
Speaker 5: has chickens and we always have eggs. And the chickens
Speaker 5: are really cute to cuddle. I love them.
Speaker 4: Maybe I need to start cutting deals with you to
Speaker 4: get eggs.
Speaker 2: You got eggs undergrounding and I did this week. I
Speaker 2: love that good.
Speaker 4: The heck Actually, be get a chicken as a pet,
Speaker 4: because yeah, very cute.
Speaker 5: You've got kids that are asking for a pet. Make
Speaker 5: it a chickens.
Speaker 2: It's a double it's a win win.
Speaker 6: My housemate about to get chicken so I can get Actually, yeah,
Speaker 6: how are you naming them?
Speaker 2: Pencil?
Speaker 5: And it was a great name, a great name.
Speaker 4: Right, what else have we got? Surely pencil is not
Speaker 4: going to be an only child.
Speaker 2: No, absolutely not.
Speaker 6: And we also have apple, apple and pencil, apple and pencils.
Speaker 6: I love this because of Michael Jackson. What did he
Speaker 6: calls child?
Speaker 2: Apple.
Speaker 4: I don't know no kid blanket like it's sorry, I
Speaker 4: think true who called her daughter apple Apple?
Speaker 2: Yes?
Speaker 4: Okay, which I still think again, I'm on my conspiracy theory.
Speaker 4: I think it's a fake name, Jessica, because like, what
Speaker 4: a better way than getting some good PR being like,
Speaker 4: I'm going to tell the world my kid's name is Apple.
Speaker 2: They're gonna believe it.
Speaker 4: Identity protected, good PR, good exposure, seriously trained.
Speaker 2: To I really am.
Speaker 4: I'm so skeptical of everyone today. Everything is a scam. Ye,
Speaker 4: everything is a scam. Also, maybe this is stemmed from
Speaker 4: we have a group chat for my Zeala Money team.
Speaker 4: We actually have a group chat for literally every team,
Speaker 4: but like the Zella Money one, we have had people
Speaker 4: trying to scam my team by sending phishing emails, which
Speaker 4: you I've got and they're like work tusk allocated and
Speaker 4: it's like to my team being like, Hi, Georgia, I'm
Speaker 4: just wondering if while I'm out of the office, you
Speaker 4: could do this task and like, obviously my team aren't
Speaker 4: idiots and I would never email you.
Speaker 5: I was just saying literally never and also hilarious they
Speaker 5: think that's how you talk would probably be like, hey, bitch,
Speaker 5: can you do it seriously?
Speaker 2: Literally? Hey girl, what's up?
Speaker 4: But I just I laughed so much, so I feel
Speaker 4: like I've been scammed since seven am this morning and
Speaker 4: being like, that's not me and my team are like
Speaker 4: Victoria obviously are obviously hilarious.
Speaker 6: Even an email from you. I feel like for the
Speaker 6: rest of your life, you'd be like, that's not that's
Speaker 6: actually not me. I can't really yeah, but like, if
Speaker 6: you work in my team, I don't email. Yeah okay,
Speaker 6: Like that feels too serious. Also, who has the time
Speaker 6: to type out an email when I could call you,
Speaker 6: voice note you message you like. I don't think I've
Speaker 6: ever requested anything via email unless I'm like, okay trauma dump.
Speaker 6: So last night at three am, I thought of a
Speaker 6: podcast topic and here are all my thoughts on it
Speaker 6: that at that point you get an email yeah that's yeah, okay,
Speaker 6: which when I'm like, hey, sir, so that's great to
Speaker 6: I feel like I've been emailing you for three months straight.
Speaker 2: Yeah, and I have a great connection. Yeah, if you're
Speaker 2: a client, don't email me bye. Do you want to
Speaker 2: hear some broticks?
Speaker 4: I've never wanted something more in my life, but what's
Speaker 4: your first one? So this first one comes from Bianca.
Speaker 4: I actually stumbled upon this like a little TikTok. It
Speaker 4: was like how to coupon in Australia. It's an app called.
Speaker 6: Shping sing hp I m ging. That's very hard to say,
Speaker 6: but it's worth it. We connect brands and customers. This
Speaker 6: is coming from their website, by the way, because I
Speaker 6: can't fully figure out what's going on. We connect brands
Speaker 6: and customers through refreshingly rewarding shopping experiences all in one
Speaker 6: app with a full set of smart features. Up your
Speaker 6: shopping game and be that boss shopper that's always a
Speaker 6: step ahead of everyone. Spend less and earn more while
Speaker 6: sping to maximize what life has to offer. So it's
Speaker 6: like a couponing, like saving money, you're spending money. You're
Speaker 6: like from the TikTok I saw this girl was like
Speaker 6: taking photos or like kind of like scanning the product
Speaker 6: in her sping app.
Speaker 4: What are they doing not helping themselves rewards by shopping,
Speaker 4: which is rewards and I do like shopping, So it
Speaker 4: sounds like a good idea.
Speaker 2: Calling it sping though, was the choice? Yeah, that's it's
Speaker 2: a hard one.
Speaker 5: I guess that's the sound it makes when it scanned
Speaker 5: something that's true, and.
Speaker 2: It's like shopping without the op. I mean, we're not
Speaker 2: going to forget the name, so maybe they really have
Speaker 2: done something, or we'll only forget it. There's nowhere between.
Speaker 2: All right, Well that's a good first one. What's number two?
Speaker 6: The next one comes from Chevron, who says, one, uh,
Speaker 6: if you go to in particular rich neighborhoods, you can
Speaker 6: go anywhay you know where it's like hard rubbish or Yeah,
Speaker 6: that's a good idea.
Speaker 2: It is great. It's just great for and.
Speaker 4: You can look up their hard rubbish collection dates council
Speaker 4: websites too.
Speaker 6: And I have used this before just to I guess
Speaker 6: like furnish your own home. But Chavon recommends going picking
Speaker 6: up broken furniture on trash night, take it home, fixing
Speaker 6: it up, selling it or marketplace.
Speaker 2: Back to slaps the same. Yeah, just an old flip.
Speaker 6: And I didn't realize, but like I sold a couch
Speaker 6: the other day that was like, it's not a nice couch.
Speaker 6: It's a nice couch, but it's not like the best couch,
Speaker 6: and had like seven thousand messages for it, just because
Speaker 6: of the way I styled it in the photo. Really job,
Speaker 6: even if it's broken and you kind of fix it
Speaker 6: if you just like.
Speaker 2: You know, plants or whatever.
Speaker 4: I mean, what if you see a nice little side
Speaker 4: table on the road during hard rubbish, you don't even
Speaker 4: have to fix it up. You can just take it home,
Speaker 4: style it, you put it on Facebook, marketplace, bam, fifty bucks. Absolutely,
Speaker 4: sometimes people just can't be bothered with the efforts.
Speaker 2: Yeah, they just put it out.
Speaker 4: Yeah, and like you can literally go to those council
Speaker 4: websites and look at what date their hard rubbish collection is.
Speaker 2: Go through little drive, go through a little wander so good, rude,
Speaker 2: not too.
Speaker 4: I mean, also, we need to bank it very clear
Speaker 4: that it is actually illegal to take stuff from hard rubbish. Sure,
Speaker 4: but I don't see anything.
Speaker 2: I'm Australian.
Speaker 4: That's very on Australian a weird rule. Like why it's weird,
Speaker 4: isn't it?
Speaker 5: Yeah, but if you are to go through something that
Speaker 5: your neighbors had left out for.
Speaker 2: You to look through, exactly, Nay, But that's what I did.
Speaker 4: I just happened to coincidentally put it out on the
Speaker 4: same day that hard rubbish would pick it. Up the
Speaker 4: next stay, but I actually put it out early for you, Jess.
Speaker 6: Yes, yes, yes, that is such a weird arbitrary.
Speaker 2: Rute, isn't it. Yeah.
Speaker 4: I mean you're good at illegal broke tips. So have
Speaker 4: you got any legal broake tips for us this week?
Speaker 2: You want a legal one? I want a legal one.
Speaker 2: I don't have to wrack my brain. I like the part.
Speaker 4: Where obviously we're not going to put illegal broke tips
Speaker 4: on the podcast, but Beck, you've tried a few and
Speaker 4: we've had to cut them out and I was like,
Speaker 4: but you cannot do that back and you're like, I'm
Speaker 4: don't tell any Well, I'm like, cool, I'll just delete that.
Speaker 6: If at any point you're listening and it sounds like
Speaker 6: there's a really jarring like cut in the audio, it
Speaker 6: just because.
Speaker 4: Beck was being hinged. Yeah, it was still good. But
Speaker 4: what have you got this week for us?
Speaker 2: So this week?
Speaker 6: I only thought of this yesterday because I was like,
Speaker 6: I need an account where my bills come out of,
Speaker 6: you know, and I don't have one of those. Before
Speaker 6: I start signing up for an account, a bank account,
Speaker 6: I'll check with all my friends seef as any because
Speaker 6: you know, Iron G always send me these literally I
Speaker 6: got one this morning. It was like a hundred bucks,
Speaker 6: few hundred bucks for your friend.
Speaker 2: So sign up.
Speaker 6: Oh yeah, so to sign up to I love ang
Speaker 6: So you know, I just assume everyone gets those and
Speaker 6: so but.
Speaker 2: Then I thought also shot Back. My friend wanted to
Speaker 2: start a shot Back and I was like, wait a second.
Speaker 6: I almost died on the spot because she bout to
Speaker 6: download it and I'm like, no, no, no, I get
Speaker 6: forty bucks. You get ten bucks, which doesn't seem fair.
Speaker 4: But I was like, but it does seem like a
Speaker 4: good incentive to get you to get your friend to.
Speaker 6: Use your exactly exactly, so I would say before doing anything.
Speaker 2: I don't get forty bucks.
Speaker 4: Every time somebody downloads shop Back because it was my podcast, it.
Speaker 2: Does go down.
Speaker 5: We kind of deal so everyone got the extra money
Speaker 5: instead of us.
Speaker 2: Oh that that seems very nice. But it's so cute.
Speaker 2: But it's not forty bucks.
Speaker 6: Is that? No, it does go down like now it's
Speaker 6: like thirty bucks and then just get a little.
Speaker 2: But anyway, I think it's still nice.
Speaker 6: It's free money, and yeah, but I think, yeah, before
Speaker 6: we do anything about my advice is check if any
Speaker 6: friends or any family members have an account already. I'm
Speaker 6: sure there's some benefit ferral too you totally, yeah, totally,
Speaker 6: the same happens with credit cards, Building futilities, Yeah, building houses.
Speaker 5: Almost all of my friends have built with the same builder.
Speaker 5: So every time someone builds, you get like iron board
Speaker 5: is it's like a couple of hours and or something.
Speaker 5: I sorry what I think the they the person building,
Speaker 5: gets like money towards their building.
Speaker 2: That's not very broch tip of you.
Speaker 5: Just cool builders do it should be.
Speaker 4: On the front page of the Daily Mail for being unrelatable.
Speaker 5: Jessica person girl says, build house to earn five dollars.
Speaker 5: It's worth asking a lot of like a lot more.
Speaker 2: It's so true.
Speaker 5: A lot more places do it than you would think.
Speaker 6: Yes, totally totally. Every app you download from now on,
Speaker 6: just check, just check.
Speaker 2: So that's me.
Speaker 4: On the flip side, we're going to be helping to
Speaker 4: answer money dilemma, which this week is all about whether
Speaker 4: you should be investing in an all I see and
Speaker 4: you slid into our d ms about something. This week
Speaker 4: we're answering the question of should you stay in a
Speaker 4: job that is dangling a really big carrot in front
Speaker 4: of you? But it is not guaranteed. Guys, don't go anywhere.
Speaker 5: Welcome back, everybody. Let's take a listen to this week's
Speaker 5: money dilemma.
Speaker 4: Hi, there, have you got a money dilemma you just
Speaker 4: can't solve. The She's on the Money team is here
Speaker 4: to help. Every week we tackle your dilemmas, both big
Speaker 4: and small, to answer your most burning money, career.
Speaker 2: And life questions.
Speaker 4: To get involved, simply head to our website and leave
Speaker 4: us a short voice recording and you might just find
Speaker 4: yourself on the show. Now, let's take a listen to
Speaker 4: this week's money dilemma.
Speaker 7: She's on the Money. My question is about listed investment companies.
Speaker 7: My dad encouraged me to invest in an LIC, which
Speaker 7: I thought was an ETF. I was wondering if it's
Speaker 7: still worth investing in LICs anymore, and should I stop
Speaker 7: that and invest in an ETF. Love the podcast, by
Speaker 7: the way, Thank you.
Speaker 5: Ah, that's so nice, that's very kind. I mean, really honest,
Speaker 5: I have no idea what an LIC is, so so
Speaker 5: Beck's going to have to answer, Yes, you've got anything
Speaker 5: which is going.
Speaker 6: To beg what if you got I would recommend you
Speaker 6: google that.
Speaker 2: Hopefully that's perfect that's really good advice.
Speaker 4: I'm not going to google it, but I can just
Speaker 4: tell you about it suffice. So it's kind of like
Speaker 4: it's similar to an ETF, so you're kind of on
Speaker 4: the same track. I would say that they're much more
Speaker 4: popular with an older generation, so it kind of makes
Speaker 4: sense that your dad recommended them.
Speaker 2: Does that mean they're not good? No, absolutely not.
Speaker 4: They're just not as popular and there aren't as many
Speaker 4: of them. So essentially they're just a type of investment
Speaker 4: fund that you can also find on the ASX. So
Speaker 4: all ETFs and shares and bonds they trade through the
Speaker 4: AX and LICs are no different. But when you invest
Speaker 4: in an LIC, you're essentially buying into a diversified portfolio
Speaker 4: of assets that is managed by a professional team. You
Speaker 4: might go, well, that's an ETF, No, it is not.
Speaker 4: It is usually less assets than an ETF, and in
Speaker 4: an LIC you could get Australian shares or international shares,
Speaker 4: and it really depends on what that LIC or that
Speaker 4: listed investment companies focus or goal is. You often find
Speaker 4: that people are choosing LICs because they offer incidant diversification
Speaker 4: same as an ETF, regular.
Speaker 2: Dividend payments, usually kind.
Speaker 4: A bit of a set and forget approach if you're
Speaker 4: not somebody who wants to manage your own portfolio.
Speaker 2: They're also close ended, so.
Speaker 4: That means that there is a limited number of them available,
Speaker 4: so like once that amount of investors is capped out,
Speaker 4: you can't get into that LIC, which is a little
Speaker 4: bit different than an ETF where you're purchasing and usually
Speaker 4: there's a lot more of them to go around, and
Speaker 4: it can make pricing a to a bit different than ETFs,
Speaker 4: which are open ended. LICs can also trade at a
Speaker 4: premium or a discount to their net asset value, so
Speaker 4: that's like something to keep in mind before you jump in.
Speaker 4: So what I'm trying to say basically is they do
Speaker 4: carrying more risk than an ETF because they're often trying
Speaker 4: to beat to the market instead of match the market
Speaker 4: when it comes to their investment returns. So you know
Speaker 4: how we say, you know, I want average returns, and
Speaker 4: a lot of people will be like, Vie, that's so dumb,
Speaker 4: like and we're just talking about my personal investment strategy here,
Speaker 4: not about like what everyone should be doing, but like
Speaker 4: when it comes to my personal investment strategy, like I've
Speaker 4: started investing young, I actually don't want to rock the boat.
Speaker 4: Like I'm a very conservative, aggressive investor, so I'm picking
Speaker 4: like try true blue chip stocks, but I'm investing a lot,
Speaker 4: so I'm quite aggressive in terms of what I'm holding.
Speaker 4: I don't like holding casher like holding ETFs at investments, right,
Speaker 4: But an LIC is a bit more risky, so you've
Speaker 4: got to weigh that up. And just like any investment,
Speaker 4: like it's so important to understand how it's going to
Speaker 4: fit into your broader strategy and do some research. But
Speaker 4: like they can be a good long term option for
Speaker 4: a lot of people, but again more risk, more return,
Speaker 4: and something that is not as popular as an ETF
Speaker 4: or a managed fund. Essentially, that answer the question, I'm
Speaker 4: satisfied you guys seem nabbed so that I have explained
Speaker 4: what an L I see is to you. I'm still
Speaker 4: wrapping my brain around that little bit.
Speaker 5: I think I'm digesting, you know.
Speaker 4: So it's essentially a more high risk version of an
Speaker 4: ETF with less stuff in it, Jess, same idea as
Speaker 4: a basket of shares, Like, same concept. You're diversifying your risk,
Speaker 4: but you are taking a bit more risk because you're
Speaker 4: hoping that this will return more for you than it
Speaker 4: would if.
Speaker 2: You were in an ETF.
Speaker 5: Yeah.
Speaker 4: So if you've done your risk profile and that aligns
Speaker 4: with what you want to do, great, But they're not
Speaker 4: usually that popular because on average, if you look at
Speaker 4: the returns, they end up being relatively similar to an
Speaker 4: ETF in terms of returns. And that doesn't mean that
Speaker 4: the goal is different, Like the goal is to outperform
Speaker 4: the market, but like I can set that coal, I
Speaker 4: want to make shitloads of money too, doesn't mean I'm
Speaker 4: going to so often you've got a way up. Is
Speaker 4: it worth taking more risk to get more return or
Speaker 4: is it just tried?
Speaker 2: True, steady, keep on keeping on.
Speaker 4: Sure, Okay, you got answer. I feel like that me
Speaker 4: being like okay, so yeah, I think I.
Speaker 2: Get that because in my head it's like tortoise in
Speaker 2: the hair.
Speaker 6: It's like one road is like chaotic and like fun
Speaker 6: and like up and down, and then the others like
Speaker 6: slow and steady, and but.
Speaker 2: You get there safely. You both get there.
Speaker 6: There, you get there and like the same time, ish
Speaker 6: you both kind of get the same reward over time.
Speaker 5: The very nictionality from you back, thank.
Speaker 6: You so much. I know that the tortoise gets there faster.
Speaker 6: It is the actual point of that story. But in
Speaker 6: this story we end up in the same place.
Speaker 4: Yeah, but also in the investing world, I'm so happy
Speaker 4: to be the like I really am. Like, I think
Speaker 4: that there's so much information out there right now, especially
Speaker 4: because we know what's going on with the US market
Speaker 4: and Trump and everyone's got an opinion, and I just
Speaker 4: think that I'm not looking to blow the lights out.
Speaker 2: I'm actually looking to keep my lights on forever.
Speaker 4: And for me, it's about tried and true and steady,
Speaker 4: and even though the market is down, I'm not changing
Speaker 4: my investment strategy. And I think that this is a
Speaker 4: good lesson in like, hey, there's another investment option out there.
Speaker 4: Consider it work out if it works for you. But
Speaker 4: if it does work for you, you'd be wanting to
Speaker 4: commit to it for the long term, not try it
Speaker 4: out for a month or a year and then change.
Speaker 1: Yeah.
Speaker 2: Totally.
Speaker 5: Yeah, ship into the GCDM for the week.
Speaker 4: If I have been looking forward to this one because
Speaker 4: I love a bit of goss. I love a bit
Speaker 4: of drama, and I feel like that's what this story has.
Speaker 4: Someone DMed us this week. You ready yeap Hi cheese.
Speaker 4: On the money, I'm stuck on a money dilemma. My
Speaker 4: husband just got offered a new job with way better
Speaker 4: pay enough to take some serious pressure off us right now,
Speaker 4: but he only took his current job because of the
Speaker 4: employee share scheme, and if he leaves now, we lose
Speaker 4: it completely. We've made a lot of sacrifices for that plan,
Speaker 4: turned down other offers, tightened our budget, all in the
Speaker 4: hope that one day it would pay off. And if
Speaker 4: the business sells like we think it might, it could
Speaker 4: seriously change our lives and we could retire early.
Speaker 2: But it's not guaranteed.
Speaker 4: He wants to take the new job, and I get it,
Speaker 4: but part of me wonders if we're giving up on
Speaker 4: something huge right before it happens. I'm usually a logical one,
Speaker 4: but I don't want to look back and regret it
Speaker 4: if the sale goes through. Help what would you do?
Speaker 4: Got a few thoughts.
Speaker 6: The first one is like, did this person's partner were
Speaker 6: they actively applying for jobs? Or do someone just like say, hey,
Speaker 6: do you want this job?
Speaker 4: You know, I think a job's popped up and it's
Speaker 4: like a very good opportunity, Like if he's a good employee,
Speaker 4: could have been tapped on the shoulder and been like, hey, mate,
Speaker 4: heard about you.
Speaker 2: Could have been okay. I mean, let's assume that because.
Speaker 6: There are two ways to look at this, and in
Speaker 6: the first way is that he was actively looking for
Speaker 6: a job because he's miserable where he's at, or he's
Speaker 6: like scared, or he's like either way, like it's not
Speaker 6: doing very well for his mental health. In that case,
Speaker 6: in any situation, I'm like, absolutely prioritize mental health and
Speaker 6: happiness and well being over anything, including money, no matter what. Well,
Speaker 6: maybe there are some things that depend on that, but anyway,
Speaker 6: that's one route. But if it's like you guys are comfortable,
Speaker 6: everyone's happy, just chillin'. It's probably a little bit tight,
Speaker 6: but you can make it work. And someone just said,
Speaker 6: oh do you want this, then I would stay. I
Speaker 6: would stick it out. I would be like, this is
Speaker 6: kind of cool, like you could retire earlier. I don't
Speaker 6: know what the hell this is, but it sounds incredible,
Speaker 6: Like if you if there are so many opportunities, I
Speaker 6: would stick it out. If you're comfortable, if you're okay
Speaker 6: right now, even if it's a bit tired, but you've
Speaker 6: been doing it, Like, just keep doing it, you know
Speaker 6: what I mean? And then just like maybe it seems
Speaker 6: like our listener's partner has a lot of you know,
Speaker 6: skills and is in high demand, so I wouldn't worry
Speaker 6: too much about boy. Yeah, I would be like, just
Speaker 6: keep trying, and then if you gets your point, we're like, Okay,
Speaker 6: we really got to get out of this. Then I
Speaker 6: doubt that they'll have problems trying to find a new
Speaker 6: job in the future. What is it an employee share scheme?
Speaker 6: It's where you join I like that. You're like, hold on,
Speaker 6: I've got all this advice. Wait what am I giving
Speaker 6: advice on.
Speaker 4: It is basically where if you goal and work for
Speaker 4: a business, they pay you, but more often than not,
Speaker 4: they're not paying you a blow the lights out salary,
Speaker 4: but they should be for that role. But instead they're
Speaker 4: offering new shares in the company, but only if you stay.
Speaker 4: So if you leave the business, you don't get to
Speaker 4: keep the shares. They would take them back. But if
Speaker 4: you're an employee at the time that that business sells
Speaker 4: and you have the employee share scheme, you would be
Speaker 4: paid out.
Speaker 2: For those shares.
Speaker 4: Whoa Okay, So like it's a good idea in theory, Jess,
Speaker 4: what would you do?
Speaker 5: So maybe it's a different setup. But in some employees
Speaker 5: share schemes, usually there's a point at which they vest.
Speaker 2: Right can be it they're vesting shares or non vesting shares.
Speaker 5: Because I personally just don't see the appeal. So vesting
Speaker 5: is like when it becomes yours.
Speaker 4: Yeah, So like it's like in trust or it's like promise.
Speaker 4: So you could see the word vested as like it's
Speaker 4: promised to you, but it's like a legal promise, so
Speaker 4: it's going to happen.
Speaker 2: Yeah.
Speaker 4: So like I could say to you, hey, bet, come
Speaker 4: work for Shees on the money. I'm going to give
Speaker 4: you fifty percent of the business, but it's not going
Speaker 4: to be your business unless you work for me and
Speaker 4: it all works out between you and I for three
Speaker 4: years and then we would have a document between the
Speaker 4: two of us and after three years, if everything is
Speaker 4: sunshine and roses, automatically you get fifty percent of the business.
Speaker 4: But if you got fired before then you quit before then,
Speaker 4: well that document is now null and void.
Speaker 2: In those shares should become yours.
Speaker 4: But vesting is essentially a legal promise, like I promise
Speaker 4: to give them to you, but not yet.
Speaker 2: And then after the three is whether you stay or leave,
Speaker 2: there's your.
Speaker 5: Yeah, which is what I was gonna say, is like
Speaker 5: I just don't really see the appeal of like, oh,
Speaker 5: like you own shares in this company and if it
Speaker 5: sells while you're here, Like, I don't see my anyone
Speaker 5: say yes to that, because what are the chances of the.
Speaker 4: Companies do Like I've seen it he czy to me.
Speaker 4: People get sold dreams by people who are taking advantage
Speaker 4: of that. I've also seen people who were promised shares
Speaker 4: then the business gets sold and they say, sorry, that
Speaker 4: wasn't legally documented. And I don't care about burning that
Speaker 4: relationship with you catch you BUYE.
Speaker 2: It's actually insane. I don't know.
Speaker 4: I think my advice is if the stability and better
Speaker 4: income and improved quality of life right now is a
Speaker 4: value to you, that might actually be worth more than
Speaker 4: waiting on a maybe Like you're telling me that you're
Speaker 4: going to earn more money now, so like how much
Speaker 4: is this?
Speaker 2: You're going to get a million dollars?
Speaker 4: Like you did say you could retire early, but like
Speaker 4: maybe retire early, like really I don't know how much
Speaker 4: company sells for as well exactly, And like what if
Speaker 4: you use that increased income that you're getting from this
Speaker 4: new job to create wealth like yourself and like your
Speaker 4: own version of wealth On the flip side, I think
Speaker 4: it might be worth asking your partner like what do
Speaker 4: you want? And then what do I want? And like
Speaker 4: how do we both feel at peace with this decision?
Speaker 4: Like what's the best thing here? Like, yeah, as your
Speaker 4: husband actually had a proper conversation with his employer about
Speaker 4: the shares, like cool, do I lose them? Do they vest?
Speaker 4: Like what's going on here? How does that work? Like
Speaker 4: is there any flexibility with the scheme if he left?
Speaker 4: Like or is there any flexibility for a pay rise now?
Speaker 4: Because clearly things are tied otherwise I wouldn't be asking, yeah,
Speaker 4: like what does a financial plan look like? Like I
Speaker 4: think the conversation is a bit more open because you know,
Speaker 4: I don't offer that in my businesses, but hypothetically if
Speaker 4: I did, and then I found out that Jess hated
Speaker 4: working at she's on the money, Like how much do
Speaker 4: I want her sticking around and bringing.
Speaker 2: Down the vibe?
Speaker 4: Like you don't idea that, like you know, if she's unhappy,
Speaker 4: she's probably bringing down the vibe. She's doing all of
Speaker 4: those things, but she's sticking around because she technically owns
Speaker 4: part of the business and doesn't want to lose it. Ye, Like, honestly,
Speaker 4: I'd prefer Jess to go and keep part of the business.
Speaker 5: Yeah, depends on the size of the company. To the right,
Speaker 5: it's like a big company like Apple, for example, on a
Speaker 5: employee share scheme. I don't know what the differentiation is,
Speaker 5: but you can also purchase shares at a discounter price
Speaker 5: right under an employee share scheme. So it's kind of like,
Speaker 5: if it's a big company, that example you're giving is
Speaker 5: probably less applicab because there's ten million bodies on the
Speaker 5: ground where totally. If it is, like you said, a
Speaker 5: small team, then maybe not as much. But what did
Speaker 5: everybody else say?
Speaker 4: Yes, So we asked what would you do if you
Speaker 4: were our community member. Forty two percent of you said
Speaker 4: you'd take the safe job, sixteen percent of you said
Speaker 4: you'd stay, forty one percent said it was too hard
Speaker 4: to choose.
Speaker 2: We asked what would you regret more, and.
Speaker 4: Fifty two percent of you said wasting years for nothing.
Speaker 4: Then twenty percent said no regrets, just lessons, fourteen percent
Speaker 4: said walking way too soon, and thirteen percent said I
Speaker 4: actually regret everything. And then, honestly, the advice in our
Speaker 4: DMS was very similar to what we were saying, like
Speaker 4: talk to your company, have a chat, like I'd suss
Speaker 4: out what the company payout is, like what's the business
Speaker 4: like worth. Then a lot of people will like, don't
Speaker 4: forget about like sunk cost fallacy. Honestly, it helps in
Speaker 4: similar situations like just because you've invested time and there
Speaker 4: is an opportunity doesn't mean it's the best. And then
Speaker 4: someone said, you can't eat equity for breakfast, and I
Speaker 4: think that that is a very good place to leave it.
Speaker 2: So it's been good, live, love, laugh, guys.
Speaker 4: But have a happy Easter and we'll see you bright
Speaker 4: early on Monday morning for Money Diary.
Speaker 5: Bye guys, hoppy Easter, You're so cute.
Speaker 4: The advice shared on She's on the Money is general
Speaker 4: in nature and does not consider your individual circumstances. She's
Speaker 4: on the Money exists purely for educational purposes and should
Speaker 4: not be relied upon to make an investment or financial decision.
Speaker 4: If you do choose to buy a financial product, read
Speaker 4: the PDS, TMD and obtain appropriate financial.
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