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Speaker 1: My name is Tatasha Bamblet.

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Speaker 2: I'm a proud First Nations woman and I'm here to

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Speaker 2: acknowledge country. Te Glenn Young Ganya Niana, Kaka Yahi and

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Speaker 2: beIN ah Waka Nian our gay In Mbini, yakarum jar Dominyagumika,

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Speaker 2: Umaga Ithawaknedle woman dam and immlan Wima ban gadabomba in

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Speaker 2: and now in Waka Ghana on yakarum jar water Nadaa. Hello,

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Speaker 2: beautiful friends, we gather on the lands of the Abiagin people.

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Speaker 2: We thank acknowledge and respect the abergein people's land that

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Speaker 2: we're gathering on today. Take pleasure in all the land

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Speaker 2: and respect all that you see. She's on the Money

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Speaker 2: podcast acknowledges culture, country, community and connections, bringing you the tools,

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Speaker 2: knowledge and resources for you to thrive.

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Speaker 3: She's on the Money.

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Speaker 4: She's on the Money.

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Speaker 1: Hello and welcome to She's on the Money, the podcast

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Speaker 1: that makes personal finance fun, especially on Fridays. Friday is

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Speaker 1: our favorite day of the week because it's when we

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Speaker 1: get the team together and celebrate you ow incredible. She's

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Speaker 1: on the Money community today, Miss Jess Grichi will be

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Speaker 1: sharing some of our favorite community Money Wins. Miss bechsayed,

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Speaker 1: will be sharing your broke tips of the week, and

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Speaker 1: we'll be helping to answer money dilemma that asks the

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Speaker 1: question should you sell your shares to use them for

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Speaker 1: your house deposit? And a DM that you slid into

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Speaker 1: our inbox with. That's all about an offer to buy

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Speaker 1: an investment property with a family member when you haven't

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Speaker 1: bought your own home yet, which I think all sounds

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Speaker 1: very interesting. But we always like to start our show

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Speaker 1: with a five star review. Boosts our ego, reminds me

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Speaker 1: vice while you're here, but also, you're just so nice now, Jess,

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Speaker 1: this review isn't just about you this week. Last week's

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Speaker 1: was I'm very sorry. I'll power through. But we've got one.

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Speaker 1: We've got one. It's from Evangeline. She said, I finally

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Speaker 1: could afford the dentists. Oh hear me out. This might

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Speaker 1: sound strange, but for at least six years or more,

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Speaker 1: I've convinced myself that I can't afford the which is

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Speaker 1: beyond terrible. I know, but as someone who struggles to save,

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Speaker 1: I've only ever heard stories of people visiting the dentist

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Speaker 1: after years and getting bills of more than five thousand dollars,

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Speaker 1: and for someone who's always had less than one thousand

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Speaker 1: dollars in her account, I convinced myself I just couldn't

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Speaker 1: afford it. At the start of this year, I started

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Speaker 1: listening to Shees on the Money, I signed up to

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Speaker 1: the budgeting course, and I have made such big tracks.

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Speaker 1: I went to the dentist on Monday, and it ended

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Speaker 1: up costing me nothing. WHOA, it was covered by my

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Speaker 1: private health I have twelve hundred dollars in emergency funds,

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Speaker 1: eighty dollars in a holiday fund, seventy five dollars in shares's,

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Speaker 1: and I've paid down my debts. I know it's only

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Speaker 1: the start, but I'm surprised with how far I've come

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Speaker 1: in less than a month. I can't tell you how

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Speaker 1: much I appreciate your content and for giving me the

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Speaker 1: power and the education to take control of my finances. PS.

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Speaker 1: All your messaging around letting go of the guilt for

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Speaker 1: your past decisions because you didn't have the tools and

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Speaker 1: resources to make the best decision has been a total

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Speaker 1: game changer for the way I approach my finances. That's amazing,

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Speaker 1: ev Angelie, It's incredible.

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Speaker 4: Also, your name is beautiful.

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Speaker 5: That is incredible. The fact that dental care is not

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Speaker 5: part of medicare or it's wild as well. It actually

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Speaker 5: makes me angry, but that's the story for another time.

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Speaker 5: That is incredible. That is really incredible and very very

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Speaker 5: good for you.

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Speaker 1: I'm just excited, Like stories like this they come out

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Speaker 1: of the community and I'm like, this is why we

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Speaker 1: do what we do. Like, I'm so excited for every

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Speaker 1: other financial goal, but for people to be able to go.

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Speaker 1: I'm not scared of the things I need, like you

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Speaker 1: need to see the dentist, like the fact you avoided

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Speaker 1: it because of money. Oh, I'm just so excited that

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Speaker 1: that's not your reality anymore.

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Speaker 4: That's amazing.

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Speaker 1: All right, now it's time for Question of the Week.

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Speaker 1: It's that part of Friday drinks where you get to

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Speaker 1: ask us one question that you are dying to know.

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Speaker 1: It could literally be anything, And this week's question comes

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Speaker 1: from Carly, and she wants to know if you could

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Speaker 1: have dinner with one person dead or alive, who wouldn't

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Speaker 1: be and why?

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Speaker 5: Oh this is so hard I'm thinking for like because

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Speaker 5: I might feel shy or awkward and like nobody, Well, like, yeah,

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Speaker 5: this is really silly, like realistically, because I know it

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Speaker 5: warn't happen. But if it had to happen and someone

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Speaker 5: was like, oh, he's a complete stranger. You do like

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Speaker 5: this person. You may be a fan of this person,

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Speaker 5: but it's just you, you guys together having dinner and

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Speaker 5: already a dinner situation where you're seeing across the table

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Speaker 5: from someone. I don't like it. No matter who I'm with,

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Speaker 5: I would just pick my girlfriend. But if it was

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Speaker 5: if I had, I would and because it was like

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Speaker 5: just which feels so awkward.

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Speaker 4: There's a hard one.

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Speaker 5: I think Amy Taylor from Amalon the Sniffers Wash that

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Speaker 5: is rogue. I love her. She's so like us, you know,

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Speaker 5: She's so like just chill down to Earth. I don't

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Speaker 5: imagine she'd be like I think I wouldn't have to

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Speaker 5: worry about like spillage or like not putting the fork

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Speaker 5: on the right side of my plate when I'm finished eating,

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Speaker 5: Like I would have to worry about these little things

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Speaker 5: like she wouldn't care. So I think it'd be any Taylor.

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Speaker 4: This question just really sends me for six because I

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Speaker 4: spiral was like I only get one per and then

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Speaker 4: I start going, God, who's the person I want to

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Speaker 4: be the most, who is the person who I could

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Speaker 4: learn the most from. And then I just like really

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Speaker 4: like I'm doggie paddling around in my brain basically, like

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Speaker 4: there's so many people I would love to meet. Like

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Speaker 4: I would love to meet Dolly Parton. Oh, she does

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Speaker 4: a lot of charitable stuff. She's funded incredible campaigns that

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Speaker 4: bring books and education to children. I would love to

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Speaker 4: be like a lot of historical women. I think it's

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Speaker 4: very interesting to think about like a Queen Elizabeth or

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Speaker 4: like which I know is so random and it's not

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Speaker 4: because I'm a royalist or anything, but it's just it

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Speaker 4: would be so interesting, or even like a woman from

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Speaker 4: my ancestry, do you know what I mean back five

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Speaker 4: hundred years to just see what has changed, or like,

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Speaker 4: you know, there are so many women that have played

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Speaker 4: really pivotal roles in things throughout the years, you know,

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Speaker 4: like Rosa Parks or I can't remember her name, but

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Speaker 4: the woman who wrote thed for Vanessa, Yes, Sanasa, I

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Speaker 4: was like, what is the rocket company? But there are

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Speaker 4: so many women that have just done amazing, amazing, amazing things.

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Speaker 4: Or Michell Obama.

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Speaker 5: I would love.

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Speaker 4: Yeah, I would want to be a woman, and I

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Speaker 4: just have a long, long list. Honestly have a long

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Speaker 4: I can't just pick one. Taylor Swift, I'd love to

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Speaker 4: make Taylor Swift. Is that like me? That's bit a vapid,

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Speaker 4: but like, god, I love that woman.

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Speaker 5: Yeah, that's a vapid.

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Speaker 4: I can't pick one. I just can't. I'm not good

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Speaker 4: with favorites. I really struggle to pick your cute, favorite color,

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Speaker 4: favorite food, Like I can never do it.

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Speaker 5: But anyway, that's an incredible answer.

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Speaker 4: It's incredible, wild Card, I can't wait.

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Speaker 1: I feel like you guys are going to be like

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Speaker 1: expecting something from me.

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Speaker 5: Oh, I think I know who Warren Buffet.

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Speaker 1: Oh, oh my god, yeah, like that that's what I

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Speaker 1: think you expect Warren Buffett or like Oprah or something. Yeah,

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Speaker 1: wild Card, I want you to have dinner with sixty

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Speaker 1: year old b Oh.

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Speaker 5: That's a great that's a gorgeous answer.

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Speaker 1: I want to have dinner with her and be like

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Speaker 1: what do you think your regrets are?

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Speaker 4: What?

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Speaker 1: Like how cool would that be to be like what

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Speaker 1: do you wish you did more of? Or like what

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Speaker 1: are you proud of?

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Speaker 4: Or whatever?

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Speaker 1: Like how cool would that be?

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Speaker 3: Amazing?

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Speaker 1: Again, maybe that's vapid because I would make my own

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Speaker 1: life better for But I just think that, yeah, I

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Speaker 1: was thinking about it, and maybe I got the privilege

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Speaker 1: of thinking about it longer than you guys, because you

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Speaker 1: were like struggling with it, Beck and.

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Speaker 3: So did you.

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Speaker 1: Just I was thinking, like what do I want? And

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Speaker 1: I was like, oh, you know Michelle Obama and then

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Speaker 1: you said it. I was like, yeah, like taylorus with

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Speaker 1: me a year, like all of those people would be

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Speaker 1: really cool. But I want something that would be impactful.

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Speaker 1: And I mean you already said it's not possible, so

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Speaker 1: amaze will be the old version of me, Like yeah,

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Speaker 1: like is botox worth it until I'm sixty? You know?

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Speaker 5: Yeah?

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Speaker 1: Not actually? But just you know, what was your best

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Speaker 1: spending habit? Like, or what do you regret? Or like

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Speaker 1: how did life pan out? Do I want to know that?

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Speaker 1: I don't know.

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Speaker 4: That's like that question that if you knew how you

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Speaker 4: were going to die, would you want to know if

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Speaker 4: someone said, hey, this envelope has like the date and

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Speaker 4: time and circumstances of your death, do you want to

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Speaker 4: read it?

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Speaker 2: No?

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Speaker 4: Would you read it?

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Speaker 5: I think I would want to know you? Oh no,

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Speaker 5: don't get it started.

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Speaker 4: You've already had one existential crisis this week.

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Speaker 1: I can't. I'm really sorry, Jess. We're going to move

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Speaker 1: off that because I can't have just having another existential

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Speaker 1: question taking leave and I just can't thought that right now.

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Speaker 1: But if you guys have a question that you want

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Speaker 1: us to answer, please leave it in the comments. We

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Speaker 1: would love to get to it now. Talking about getting

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Speaker 1: to it is just community, money, wins and confessions.

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Speaker 4: What have you got all righty? Firstly this week, I've

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Speaker 4: got one from Ruby, who said after six months of

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Speaker 4: her house being on the market and her being screwed

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Speaker 4: around by the real estate agent, she finally switched agents

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Speaker 4: and her home sold within five hours. Stop her, Now,

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Speaker 4: isn't that crazy? Five hours?

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Speaker 1: That's insane?

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Speaker 4: Congratulations through me. That must feel so good. I probably

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Speaker 4: thought it was fake, genuinely like am I being punked? Next,

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Speaker 4: I've got money in from Casey, who said she found

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Speaker 4: shampoo and conditioner and the clearance shelvet tea came God,

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Speaker 4: I love a little T came out. Then I've got

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Speaker 4: one from Jackie who said Hoyt sent her a ten

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Speaker 4: dollar movie ticket because they hadn't seen her in a while.

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Speaker 4: And she got to use that to go on a

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Speaker 4: solo date by herself.

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Speaker 5: Beautiful.

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Speaker 1: We need to do more of that stuff. Yeah, as women,

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Speaker 1: she screw it all.

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Speaker 4: Have time for yourself and even better if it's on

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Speaker 4: the house. Next, I've got a money win from Jasmine,

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Speaker 4: who said small one this week, but I got two

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Speaker 4: house keys cut at buttings and they were unsure if

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Speaker 4: they would work, so they only charged me a dollar each,

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Speaker 4: and then they worked. And then the last one I've

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Speaker 4: got is from Iris, who said she bit the bullet

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Speaker 4: after weeks of thinking about it, and she cut her

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Speaker 4: own layers into her hair. She said it came out

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Speaker 4: so risky, I came out so nice. It was so easy.

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Speaker 4: She shared a link to the YouTube tutory when.

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Speaker 1: She followed, Oh that's much smart. I would have just

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Speaker 1: gone rogue in the front of the mirror. Yea historial.

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Speaker 1: Oh you are.

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Speaker 4: Fine, wavy hair. It was way easier than a blunt

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Speaker 4: cut trim. And she says she's gonna do it every

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Speaker 4: three months or so.

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Speaker 1: You cut your own hair, I do.

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Speaker 5: I've never ever been to a hairdresser.

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Speaker 1: Yeah, but do you follow a YouTube tutorial or how

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Speaker 1: are we doing it? So safety scissors, kitchen scissors.

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Speaker 5: I do use any scissors that I can find. Yes,

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Speaker 5: and then I'll like kind of just because it's like

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Speaker 5: a bit of a mullet. But even before I had

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Speaker 5: a bit of a mullet, I did just kind of

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Speaker 5: like wing it. It's not good, but it's not so

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Speaker 5: bad either, you know.

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Speaker 4: I don't think I've never looked your hair. Oh it's

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Speaker 4: a bad haircut.

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Speaker 5: Oh my god, thank you so much.

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Speaker 1: Neither. When you said you'd never been to a hairdresser,

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Speaker 1: I was like, Oh, I didn't realize you did that yourself.

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Speaker 1: That's so nice. I didn't.

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Speaker 3: I guess I thought about it.

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Speaker 5: Maybe you do get some hairkish when you're doing it

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Speaker 5: yourself for thirty three years.

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Speaker 1: I'm impressed with you. Thank you so much, Thank you well,

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Speaker 1: thank you for that. Jess misspecsed what broke tips of

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Speaker 1: the community got for us this week.

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Speaker 5: The first one comes from Emma, who says, if you

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Speaker 5: need to pick me up, a Maca's soft serve cone

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Speaker 5: with a flake is the best happiness and money can

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Speaker 5: buy for under two dollars, which is I know, a

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Speaker 5: broke tip in this day and age, but it's used

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Speaker 5: to be fifty Yeah.

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Speaker 1: I saw a TikTok the other day. How many times

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Speaker 1: do I say that?

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Speaker 5: On this podcast?

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Speaker 2: I saw a.

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Speaker 4: TikTok I need a tea talk segment, Like every week

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Speaker 4: we just the TikTok of the week.

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Speaker 1: Yeah, but I saw a TikTok and the lady's hook

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Speaker 1: at the very start of the TikTok was like, follow me,

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Speaker 1: because I'll show you how I feed my family for

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Speaker 1: under two hundred dollars a week. And I was like, wait, what, yeah,

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Speaker 1: what do you mean? Like that's not a flex to

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Speaker 1: like it obviously is a flex to feed your family

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Speaker 1: for under two hundred bucks a week, But I remember

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Speaker 1: like one hundred dollars being the like feeder family of

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Speaker 1: four for under one hundred.

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Speaker 3: Bucks a week?

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Speaker 4: Yeah, what.

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Speaker 1: Hundred dollars a week? Is the flex getting ahead of itself?

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Speaker 5: I know, it's really scary out there. This next one

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Speaker 5: comes from Hannah who says, did you know you can

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Speaker 5: order a cone and a cup and add Eminem's on

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Speaker 5: top and it's only one dollar seventy five. It's a

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Speaker 5: mini mcflurry, which is incredible idea.

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Speaker 1: And they don't even mix mcfluory's anymore.

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Speaker 5: No, they don't.

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Speaker 1: I'm not gonna lie. Can someone explain to me the

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Speaker 1: difference between a mcfluury and a Sunday?

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Speaker 5: I think they're in the same cup, now are they?

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Speaker 1: I think?

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Speaker 3: So?

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Speaker 1: What's the difference?

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Speaker 4: Is it just like the topping, but a McClary is mixed,

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Speaker 4: but you're saying they're not anymore.

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Speaker 1: No, they don't mix them. They just put toppings on

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Speaker 1: the top and there's nothing underneath. It's a cup of

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Speaker 1: soft serve with the topping. Is that not what a

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Speaker 1: Sunday and McDonald's I mean, at least.

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Speaker 4: For the Sunday they have good grace. Put the sauce

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Speaker 4: on the bottom as well.

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Speaker 1: If you get a lunch. This is true Rice true.

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Speaker 4: On the toll, I asked for a pump on the

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Speaker 4: bottom as well.

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Speaker 1: Yeah, because you're a smart woman.

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Speaker 4: Double up on that strawberry Sunday.

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Speaker 1: That's a throwback to twenty one podcast. In jest, she

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Speaker 1: prefers a strawberry Sunday.

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Speaker 5: That is crazy, That is insane.

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Speaker 4: And I took it to Instagram so convinced that everyone

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Speaker 4: would agree with me.

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Speaker 1: She got humbled and was like, that's sacrilegious.

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Speaker 5: Yeah, it is quite eye opening.

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Speaker 1: Insane. That was one of my pregnancy cravings, Like I

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Speaker 1: was a ferrel for a strawberrymixed on Sunday's very validating.

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Speaker 1: I was like, do you want a Sunday And she'd

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Speaker 1: be like.

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Speaker 4: Why, But who am I to say?

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Speaker 2: No?

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Speaker 5: Hey, well that's it. But the Hungry Jack storm it's huge.

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Speaker 5: It's huge, just like a mcflury, and they do mix it.

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Speaker 5: It's flake. You can get flake in there. Maybe we

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Speaker 5: should have stick as a flake flaked flake.

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Speaker 1: Oh that's even better.

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Speaker 5: You add some oreo, you add some hot fudge sauce.

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Speaker 5: Oh my god, it is the best. It is way

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Speaker 5: better than any mcflurry could ever be. So we're gonna need.

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Speaker 1: To test that out because I'm not gonna lie. Sorry,

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Speaker 1: Hungry Jacks. The burgers are better. But I've never heard

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Speaker 1: of about your Sunday Sunday.

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Speaker 5: Yeah, I know, and they're so humble about it. I'm like,

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Speaker 5: tell everyone, it's so good. It's so good.

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Speaker 3: Do you know what?

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Speaker 1: The Hungry Jack's marketing team are like listening to this

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Speaker 1: right now, and they're like, we do. We tell everybody

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Speaker 1: not hitting your ears.

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Speaker 5: If I could just get one free storm, that'd be nice.

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Speaker 5: What else you got. The next one comes from Sierra,

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Speaker 5: who says, instead of paying sixteen dollars a month for

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Speaker 5: Spotify Premium, I canceled my subscription and bought a Spotify

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Speaker 5: twelve month premium gift card on Amazon for one hundred

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Speaker 5: and forty dollars. That's a fifty two dollars difference.

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Speaker 1: Hah, very clear, but that is really really smart.

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Speaker 5: But yeah, it's one of those things where it's like,

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Speaker 5: if you have enough money to pay for a big

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Speaker 5: chunk of time, then you will get discounted, which is

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Speaker 5: very very nice but also a privilege and also a

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Speaker 5: bit of a privilege, and then you don't have to

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Speaker 5: think about it for the year as well, which is great.

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Speaker 5: And then my Brike tip for this week. Some of

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Speaker 5: you may know, I'm not too sure, but I quit

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Speaker 5: my job randomly because I'm not very good at regulating

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Speaker 5: my emotions and now I'm stuck jovelers and poor. But

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Speaker 5: I called my utility company, my gas and electricity, both

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Speaker 5: in the same and my housemate, who was also my

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Speaker 5: friend who live with, got a utility relief grant and

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Speaker 5: she said, you can apply for this, and I said,

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Speaker 5: I'm not on send link. I don't have a healthcare

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Speaker 5: card and a concession card, Like, are you sure I

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Speaker 5: can do this?

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Speaker 1: And she's like, yeah.

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Speaker 5: All you have to do is wait for a bill

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Speaker 5: to be overdue, and you call the company and you

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Speaker 5: apply and they help you apply for it. You just

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Speaker 5: have to send either like your bank statements or a

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Speaker 5: letter from your employer saying that you're not working or

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Speaker 5: you're not working as much, whatever it looks like, and

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Speaker 5: then they apply and then you get I think it's

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Speaker 5: like six hundred dollars in credit for utility now, and

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Speaker 5: they keep applying for it until you run out of

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Speaker 5: your oh nice money, and so I'm like, that's incredible.

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Speaker 5: So I did it. I applied. I haven't heard back yet,

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Speaker 5: but it was just yesterday.

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Speaker 1: That's a very cool scheme.

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Speaker 5: It's one thing that you can just take off your

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Speaker 5: list of things you've got to pay for because energy

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Speaker 5: costs a high crazy so all utility is currently covered.

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Speaker 5: Isn't that crazy? I love that, son Agan.

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Speaker 1: That is a genuinely good broke tit.

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Speaker 4: Thank you so much.

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Speaker 1: All right, well let's go to a break because I

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Speaker 1: am very excited to get into the community money dilemma,

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Speaker 1: which is all about selling shares for a house deposit.

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Speaker 1: And then the DM of this week is about investing

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Speaker 1: in a property with someone else before you've actually purchased

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Speaker 1: your own property. So guys, don't go anywhere.

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Speaker 4: Welcome back, everybody. Let's take a listen to this week's

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Speaker 4: money dilemma.

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Speaker 1: Hi. There, have you got a money dilemma you just

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00:16:10,720 --> 00:16:13,240
Speaker 1: can't solve? The She's on the Money team is here

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Speaker 1: to help. Every week, we tackle your dilemmas, both big

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Speaker 1: and small, to answer your most burning money, career and

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00:16:19,320 --> 00:16:22,480
Speaker 1: life questions. To get involved, simply head to our website

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00:16:22,560 --> 00:16:24,680
Speaker 1: and leave us a short voice recording and you might

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Speaker 1: just find yourself on the show. Now, let's take a

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Speaker 1: listen to this week's money dilemma.

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Speaker 3: Hi, She's on the Money. My money dilemma is I

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Speaker 3: currently have ten thousand dollars in chairs. I decided to

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Speaker 3: invest my savings one to two years ago when I

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Speaker 3: was single, thinking I could regularly contribute and want to

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Speaker 3: grow for about five years and then hopefully use it

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Speaker 3: towards a house deposit. Since then, I've found a solid

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Speaker 3: partner who I want to home with eventually, and I

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Speaker 3: also just came into an inheritance of twenty five thousand

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Speaker 3: dollars from my family member that past. Suddenly the prospects

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Speaker 3: of a house to posit with my partner looks possible

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Speaker 3: for as early as next year. But I've also since

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Speaker 3: learned the effect of time on my shares from your podcast,

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Speaker 3: and now I'm inclined to use my shares towards early

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Speaker 3: retirement or another long term future investment plan. For context,

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Speaker 3: I'm twenty three years old, so time is definitely on

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Speaker 3: my side. My partner and I will have enough for

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Speaker 3: our deposit come next year. However, if we contribute my

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Speaker 3: shares as well, it could take a bit of pressure

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Speaker 3: off the monthly repayments, as I'll still be a student

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Speaker 3: for the verse six to twelve months of the home line.

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Speaker 3: Should I take this money out mid next year when

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Speaker 3: we are looking to borrow, or should I keep it

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Speaker 3: in there as a set and forget long term investment plan?

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Speaker 1: Ooh, I feel like that's a good one. Yeah, I'm

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Speaker 1: gonna reserve my comment.

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Speaker 5: Sure. Well, I just want to say I'm so sorry

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Speaker 5: to hear about the passing of your family member, but

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Speaker 5: and I know this is not all we're asking, and

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Speaker 5: if I was in your position, I would completely disregard

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Speaker 5: everything I'm about to say because I would almost be like,

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Speaker 5: f you for even saying this. But if I could

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Speaker 5: start my life over and I was going to buy

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Speaker 5: a house with someone that I could see a future

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Speaker 5: with at twenty three, I would probably not do that

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Speaker 5: simply because you don't fair, you don't know what your

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00:18:13,400 --> 00:18:15,159
Speaker 5: lufs can look like. I would be like, there's no rush, Like,

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00:18:15,160 --> 00:18:17,360
Speaker 5: don't rush into that right now. Maybe don't do that

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Speaker 5: step as far as like taking out shares. Even you're

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Speaker 5: saying like there's a lot of time in your hands,

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Speaker 5: I'm like, I would not be doing anything right now,

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Speaker 5: would be like still saving. I'd be just like kind

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Speaker 5: of going about my business. I would not be buying

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Speaker 5: a property with my partner at such a young age.

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Speaker 5: I would just be doing me. I'd be thinking about me.

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Speaker 5: I'll be wanting to get my own property. I would

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Speaker 5: not even be touching anything right now. Because it all

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Speaker 5: sounds like there's so much time on your hands, you're

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Speaker 5: not in a rush, don't worry fair mister.

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Speaker 4: Yeah, I think it's kind of a catch training to you,

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Speaker 4: because there's an argument to be made for getting into

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Speaker 4: the market early. Just inder the better, et cetera, et cetera,

440
00:18:54,160 --> 00:18:58,040
Speaker 4: prices likely to continue increasing, you know, time in the market,

441
00:18:58,280 --> 00:19:00,720
Speaker 4: all those sorts of things. However, but I very much

442
00:19:00,760 --> 00:19:03,080
Speaker 4: echo your sentiment. Did they say how long they've been

443
00:19:03,080 --> 00:19:03,719
Speaker 4: with their partner?

444
00:19:03,920 --> 00:19:05,960
Speaker 1: I don't know who might have missed it, but I

445
00:19:06,000 --> 00:19:07,040
Speaker 1: don't think they mentioned it.

446
00:19:07,119 --> 00:19:09,919
Speaker 4: Yeah, so it's very hard. But like, even if you

447
00:19:09,960 --> 00:19:11,960
Speaker 4: had been with your partner for let's say five years

448
00:19:12,040 --> 00:19:14,119
Speaker 4: or something, that would have meant that you've been together

449
00:19:14,240 --> 00:19:16,680
Speaker 4: since what like eighteen? Am I doing that? Maths right?

450
00:19:17,119 --> 00:19:20,440
Speaker 4: And so it's I don't want to belittle a relationship

451
00:19:20,520 --> 00:19:23,040
Speaker 4: that just because you're young, because I think people can

452
00:19:23,080 --> 00:19:26,639
Speaker 4: experience incredible love at all ages. But I also think

453
00:19:26,840 --> 00:19:29,160
Speaker 4: you are still developing and growing as a person.

454
00:19:29,640 --> 00:19:30,240
Speaker 1: Just a baby.

455
00:19:30,480 --> 00:19:32,600
Speaker 4: You are just a baby by love, and so I

456
00:19:32,720 --> 00:19:34,760
Speaker 4: just think there's no rush. You said you're a student

457
00:19:34,840 --> 00:19:38,280
Speaker 4: still as well, and so I wouldn't be looking to

458
00:19:38,359 --> 00:19:42,240
Speaker 4: undertake a mortgage while I was studying. Generally speaking, you know,

459
00:19:42,560 --> 00:19:45,280
Speaker 4: it's especially if you're in your later years. I think

460
00:19:45,600 --> 00:19:48,720
Speaker 4: depending what you're studying, you might have placement or whatever.

461
00:19:49,600 --> 00:19:51,159
Speaker 4: It sounds just like you've got a lot going on,

462
00:19:51,240 --> 00:19:54,000
Speaker 4: and if you're not in a rush. I think exactly

463
00:19:54,040 --> 00:19:56,399
Speaker 4: as you were saying, like, having that money sitting in shares,

464
00:19:56,440 --> 00:20:02,280
Speaker 4: it's compounding, and historically speaking, share market has compounded at

465
00:20:02,320 --> 00:20:04,760
Speaker 4: a greater rate than the property markets increase in value.

466
00:20:04,800 --> 00:20:07,760
Speaker 4: Is that right? Yes, thank you. I'm looking over that

467
00:20:07,840 --> 00:20:09,600
Speaker 4: a mom to be like, is that correct? So it

468
00:20:09,680 --> 00:20:12,000
Speaker 4: might very well be that the math is mathing in

469
00:20:12,000 --> 00:20:15,280
Speaker 4: the sense of it's also better economically to leave your

470
00:20:15,280 --> 00:20:17,679
Speaker 4: money invested in shares. I just think it sounds like

471
00:20:17,680 --> 00:20:20,040
Speaker 4: you're at like a very busy point in your life

472
00:20:20,080 --> 00:20:22,639
Speaker 4: and maybe you don't need to be making that big

473
00:20:22,760 --> 00:20:25,879
Speaker 4: decision right now it a broader scale, like can you

474
00:20:25,960 --> 00:20:28,800
Speaker 4: sell investments to Herga's house, Absolutely you can, Like there

475
00:20:28,800 --> 00:20:30,439
Speaker 4: are lots of people who do that. It's going to

476
00:20:30,480 --> 00:20:33,040
Speaker 4: depend on, you know, are your shares in the green

477
00:20:33,119 --> 00:20:35,560
Speaker 4: or the red? Like that's a big factor. You know,

478
00:20:35,640 --> 00:20:37,880
Speaker 4: how much capital gains are you going to have to pay?

479
00:20:38,359 --> 00:20:40,919
Speaker 4: Like all those sorts of things factoring as well. And

480
00:20:40,960 --> 00:20:43,040
Speaker 4: I feel like I'm dancing a little bit around in circles.

481
00:20:43,040 --> 00:20:45,520
Speaker 4: But I think if I was you, what I'm saying

482
00:20:45,560 --> 00:20:48,600
Speaker 4: is I probably would not be making this decision right now.

483
00:20:49,440 --> 00:20:52,280
Speaker 4: Even with the hindsight of like, do I kind of

484
00:20:52,359 --> 00:20:54,960
Speaker 4: wish I bought a property when I was that age? Yes,

485
00:20:55,600 --> 00:20:57,200
Speaker 4: But had I bought a property at that age, I

486
00:20:57,200 --> 00:20:59,560
Speaker 4: would have been kind of screwed because we had COVID

487
00:20:59,640 --> 00:21:01,320
Speaker 4: and all those sorts of things. And I guess not

488
00:21:01,359 --> 00:21:03,840
Speaker 4: to be all doom and gloom, but it does feel

489
00:21:03,840 --> 00:21:07,399
Speaker 4: a bit like we're coming towards another time of significant

490
00:21:07,480 --> 00:21:11,000
Speaker 4: economic uncertainty with everything that's happening in the world, and me,

491
00:21:11,240 --> 00:21:13,639
Speaker 4: as we all know, being very risk adverse, you are you,

492
00:21:14,000 --> 00:21:15,920
Speaker 4: I just tend to operate with an abundance of caution,

493
00:21:16,119 --> 00:21:18,199
Speaker 4: so I would just I would think very deeply about it.

494
00:21:18,280 --> 00:21:20,960
Speaker 4: But I think continue saving, save for your deposit, and

495
00:21:21,000 --> 00:21:23,680
Speaker 4: then once you get there, maybe that timing will feel right.

496
00:21:23,880 --> 00:21:29,080
Speaker 5: Yes, you talkin's words. I mean, I don't assume, but

497
00:21:29,240 --> 00:21:32,199
Speaker 5: maybe if you're with a male partner, amab assigned male

498
00:21:32,240 --> 00:21:36,480
Speaker 5: at birth. I'm just saying these situations sometimes I aren't

499
00:21:36,520 --> 00:21:42,440
Speaker 5: as that's new. Never sorry, that's very queer, that's true.

500
00:21:42,440 --> 00:21:44,200
Speaker 5: I can teach you all the all the terms.

501
00:21:44,560 --> 00:21:46,640
Speaker 4: All the terms, absolutely all of them.

502
00:21:47,000 --> 00:21:48,439
Speaker 1: I don't know when I'm going to use them, but

503
00:21:48,520 --> 00:21:49,000
Speaker 1: that's new.

504
00:21:49,119 --> 00:21:51,440
Speaker 5: No, I just think be very, very careful, because someone

505
00:21:51,520 --> 00:21:53,200
Speaker 5: might be really really sweet the start, of course, because

506
00:21:53,200 --> 00:21:54,760
Speaker 5: they're trying to get a little bit.

507
00:21:54,800 --> 00:21:58,880
Speaker 1: It's just she's like, I try and really regret being

508
00:21:58,880 --> 00:22:01,080
Speaker 1: in a relationship with them. Man, disgusting.

509
00:22:01,240 --> 00:22:02,960
Speaker 5: I want to try not to, but I'm like, think

510
00:22:03,000 --> 00:22:05,800
Speaker 5: of how mean someone can be after if things aren't

511
00:22:05,840 --> 00:22:07,840
Speaker 5: good and then you want to own something with them.

512
00:22:07,880 --> 00:22:10,680
Speaker 5: Just think about that. Just try and be slower, Just

513
00:22:10,800 --> 00:22:12,080
Speaker 5: be slowed, slow down of it.

514
00:22:12,160 --> 00:22:14,200
Speaker 1: I'll put on my hat and not have an opinion

515
00:22:14,359 --> 00:22:18,280
Speaker 1: about your relationship. You're gonna get married and your life

516
00:22:18,320 --> 00:22:20,959
Speaker 1: is a fairy tale and they're the one. As a

517
00:22:21,000 --> 00:22:24,480
Speaker 1: mortgage broking, girly, go talk to a mortgage broker, like,

518
00:22:24,640 --> 00:22:27,280
Speaker 1: go get the numbers, Like, I don't know what your

519
00:22:27,320 --> 00:22:30,800
Speaker 1: situation looks like, what does your borrowing capacity even look like?

520
00:22:30,920 --> 00:22:33,840
Speaker 1: As somebody who is still studying with a partner who

521
00:22:33,840 --> 00:22:36,560
Speaker 1: owns an income, Like are you actually able to service

522
00:22:36,560 --> 00:22:38,640
Speaker 1: a mortgage? Like or is it just a good idea?

523
00:22:38,680 --> 00:22:40,680
Speaker 1: Just because you have a deposit doesn't mean you can

524
00:22:41,200 --> 00:22:44,240
Speaker 1: service the mortgage that you might want. Talk to a

525
00:22:44,280 --> 00:22:46,560
Speaker 1: good mortgage broker who can look into a number of

526
00:22:46,600 --> 00:22:49,080
Speaker 1: schemes and grants, you might find yourself in a position

527
00:22:49,400 --> 00:22:52,359
Speaker 1: where you only need a five percent deposit. There's also

528
00:22:52,400 --> 00:22:55,159
Speaker 1: the two percent deposit scheme that's going around at the

529
00:22:55,200 --> 00:22:58,159
Speaker 1: moment and getting a really good rap that might be

530
00:22:58,280 --> 00:23:01,160
Speaker 1: up your alley if you're purchasing under a certain amount,

531
00:23:01,240 --> 00:23:03,600
Speaker 1: so you might not even need to sell your shares

532
00:23:03,640 --> 00:23:05,520
Speaker 1: to get into the property market. You might be able

533
00:23:05,560 --> 00:23:07,840
Speaker 1: to just sit them there. When you don't sell your

534
00:23:07,880 --> 00:23:11,359
Speaker 1: shares to purchase property, the bank still sees it as

535
00:23:11,359 --> 00:23:14,840
Speaker 1: an asset, so it's not something that you know is detrimental.

536
00:23:15,000 --> 00:23:16,879
Speaker 1: They go, oh, great, she's got ten grand in shares,

537
00:23:16,960 --> 00:23:20,520
Speaker 1: like great asset worth ten grand, So that's not a

538
00:23:20,560 --> 00:23:23,040
Speaker 1: bad idea. But I'd be literally talking to a mortgage

539
00:23:23,040 --> 00:23:24,800
Speaker 1: broker who might take you through all the options, and

540
00:23:24,840 --> 00:23:26,640
Speaker 1: then you go, oh, we don't want a mortgage yet,

541
00:23:26,920 --> 00:23:29,040
Speaker 1: or you might be spoken through all the options and

542
00:23:29,520 --> 00:23:32,320
Speaker 1: it makes perfect sense for you guys to purchase, and

543
00:23:32,600 --> 00:23:34,600
Speaker 1: you know you've worked out all of the you know,

544
00:23:34,680 --> 00:23:37,600
Speaker 1: drama of all what happens if this relationship doesn't work out.

545
00:23:37,640 --> 00:23:39,479
Speaker 1: We're fine with that because lots of people in our

546
00:23:39,480 --> 00:23:42,240
Speaker 1: community do that and then purchase with a partner, breakup

547
00:23:42,240 --> 00:23:44,159
Speaker 1: and they're both amicable and they're like, oh, we're just

548
00:23:44,200 --> 00:23:46,080
Speaker 1: going to keep the property and lease it out because

549
00:23:46,320 --> 00:23:49,119
Speaker 1: it hasn't gotten any extra value and we want to

550
00:23:49,160 --> 00:23:51,680
Speaker 1: sell it once there's value there. So have all those

551
00:23:51,720 --> 00:23:55,240
Speaker 1: hard conversations as well. But I wouldn't be not talking

552
00:23:55,280 --> 00:23:58,399
Speaker 1: to a broking professional, and I wouldn't be making a

553
00:23:58,440 --> 00:24:00,760
Speaker 1: decision with my partner about like, oh, Jess, will you

554
00:24:00,760 --> 00:24:02,760
Speaker 1: sell your shares for a property when you don't even

555
00:24:02,800 --> 00:24:05,679
Speaker 1: know your serviceability yet, because like what if you do

556
00:24:05,760 --> 00:24:07,440
Speaker 1: sell your shares and then you talk to a broker

557
00:24:07,480 --> 00:24:10,040
Speaker 1: and they're like, why'd you do that? Like that that's

558
00:24:10,080 --> 00:24:12,439
Speaker 1: a great You can't get a mortgage at this point

559
00:24:12,560 --> 00:24:16,119
Speaker 1: because it's getting fickle and with the cash rate increasing,

560
00:24:16,440 --> 00:24:19,119
Speaker 1: banks are tightening up as well on who they're lending to,

561
00:24:19,440 --> 00:24:22,520
Speaker 1: but also how much they're lending. So that's just quite

562
00:24:22,560 --> 00:24:25,200
Speaker 1: a pickle to be in. So get somebody, get them

563
00:24:25,200 --> 00:24:27,200
Speaker 1: on your team, and they might even go, oh, well,

564
00:24:27,200 --> 00:24:28,720
Speaker 1: if you were going to be studying for the next

565
00:24:28,760 --> 00:24:31,200
Speaker 1: six to twelve months, let's line everything up for you

566
00:24:31,280 --> 00:24:33,119
Speaker 1: to purchase in six to twelve months so that you

567
00:24:33,160 --> 00:24:35,159
Speaker 1: can get it with a full time income, and that

568
00:24:35,160 --> 00:24:38,160
Speaker 1: will increase your serviceability and get something you actually want. True,

569
00:24:38,200 --> 00:24:41,240
Speaker 1: so it really depends. Yeah, just get a professional on

570
00:24:41,280 --> 00:24:43,280
Speaker 1: your team. It's free, it's free.

571
00:24:43,600 --> 00:24:44,440
Speaker 4: We recommend Zella.

572
00:24:44,640 --> 00:24:48,000
Speaker 1: Oh, one hundred percent. We recommend Zella. Anyway, would you

573
00:24:48,000 --> 00:24:50,040
Speaker 1: guys like the community DM?

574
00:24:50,520 --> 00:24:50,720
Speaker 5: Yes?

575
00:24:50,760 --> 00:24:55,400
Speaker 1: Please? That's Campbell trying to join in the podcast recording.

576
00:24:55,760 --> 00:24:58,880
Speaker 1: Campbell's friend said, Hi, she's on the money. My boyfriend

577
00:24:58,880 --> 00:25:00,919
Speaker 1: and I are planning to buy our first home together

578
00:25:00,960 --> 00:25:03,680
Speaker 1: in the next few years. Recently, he mentioned his brother

579
00:25:03,760 --> 00:25:06,040
Speaker 1: wants him to go in on an investment property with

580
00:25:06,119 --> 00:25:08,800
Speaker 1: him and his fiance. The idea is that in one

581
00:25:08,880 --> 00:25:11,000
Speaker 1: or two years, the brother would buy him out so

582
00:25:11,040 --> 00:25:14,200
Speaker 1: that we can buy our place. I'm stressed that timeframe

583
00:25:14,240 --> 00:25:17,760
Speaker 1: feels short to build meaningful equity, and I'm worried it

584
00:25:17,760 --> 00:25:20,879
Speaker 1: could impact our eligibility for a first home buyers grant.

585
00:25:21,280 --> 00:25:23,960
Speaker 1: I'm also concerned that if his brother can't buy him out,

586
00:25:24,240 --> 00:25:26,960
Speaker 1: my partner would be stuck servicing two loans or unable

587
00:25:27,000 --> 00:25:29,840
Speaker 1: to say for our goals. They already own a home,

588
00:25:29,960 --> 00:25:32,359
Speaker 1: so they'd end up with two properties while we're still

589
00:25:32,400 --> 00:25:35,360
Speaker 1: trying to enter the market. How do I raise my concerns,

590
00:25:35,480 --> 00:25:37,960
Speaker 1: especially if I'm not comfortable taking on a loan with

591
00:25:38,080 --> 00:25:40,240
Speaker 1: him because of serviceability risk.

592
00:25:40,520 --> 00:25:44,040
Speaker 5: Don't do it already, I'm singing, there's no real just

593
00:25:44,080 --> 00:25:46,840
Speaker 5: don't do it. How do you raise this? I think

594
00:25:46,920 --> 00:25:51,359
Speaker 5: read this exact DM to your partner for starters, because

595
00:25:51,359 --> 00:25:53,560
Speaker 5: I think you meant you said it all very very well,

596
00:25:53,600 --> 00:25:56,240
Speaker 5: like you needn't say anymore. And if your partner is like, well,

597
00:25:56,280 --> 00:25:59,360
Speaker 5: I'm still going to do it, then that's insane. But yeah,

598
00:25:59,359 --> 00:26:03,640
Speaker 5: it would ruin office home buyers chances right, it would

599
00:26:03,640 --> 00:26:07,000
Speaker 5: be in here if they're buying together.

600
00:26:07,520 --> 00:26:10,560
Speaker 1: It depends on the bank and how that works. See, yeah,

601
00:26:10,640 --> 00:26:12,680
Speaker 1: it minds if she's in on it, because she also

602
00:26:12,760 --> 00:26:16,359
Speaker 1: said something that makes me think that they're all in it.

603
00:26:16,280 --> 00:26:20,240
Speaker 4: Together because each individual qualifies typically right, So like, theoretically,

604
00:26:20,240 --> 00:26:22,320
Speaker 4: if a couple are buying a house together, you both

605
00:26:22,359 --> 00:26:25,840
Speaker 4: get your first home owner grant, assuming you each individually

606
00:26:25,920 --> 00:26:29,040
Speaker 4: satisfy all of the requirements done. So, if he bought

607
00:26:29,040 --> 00:26:31,959
Speaker 4: with his brother, use it with his brother, So then

608
00:26:31,960 --> 00:26:36,240
Speaker 4: when the couple purchased, she would potentially qualify, but her

609
00:26:36,640 --> 00:26:38,520
Speaker 4: partner would not because he'd already used it.

610
00:26:39,119 --> 00:26:39,600
Speaker 3: Yeah.

611
00:26:39,640 --> 00:26:41,520
Speaker 5: Well, I just feel like I'm just like don't do

612
00:26:41,560 --> 00:26:43,720
Speaker 5: it. It's too risky. It sounds too risky. I don't I

613
00:26:43,760 --> 00:26:47,600
Speaker 5: can't think of a single benefit other than like maybe

614
00:26:47,600 --> 00:26:51,959
Speaker 5: being a few extra thousand in two years time, maybe potentially,

615
00:26:52,080 --> 00:26:52,919
Speaker 5: like other than that.

616
00:26:53,200 --> 00:26:55,919
Speaker 1: I mean, maybe I'm missing something, But I don't think

617
00:26:55,960 --> 00:26:59,160
Speaker 1: you're missing anything. I think it's a big catch twenty two. Yeah, So,

618
00:26:59,240 --> 00:27:02,560
Speaker 1: like if it doesn't increase in value and his brother

619
00:27:02,600 --> 00:27:04,919
Speaker 1: has saved up enough to buy him out, great, no worries.

620
00:27:05,119 --> 00:27:07,600
Speaker 1: But what if that property does increase inequity, which is

621
00:27:07,600 --> 00:27:09,440
Speaker 1: what you want, and then his brother can't afford to

622
00:27:09,440 --> 00:27:11,240
Speaker 1: buy him out or doesn't want to buy him out

623
00:27:11,240 --> 00:27:13,639
Speaker 1: at the amount that the property is worth, and then

624
00:27:13,680 --> 00:27:15,960
Speaker 1: you have to sell the whole thing, which in one

625
00:27:16,000 --> 00:27:18,160
Speaker 1: to two years. I think is a terrible idea because

626
00:27:18,160 --> 00:27:20,480
Speaker 1: we should never be buying property with the view to

627
00:27:20,480 --> 00:27:22,119
Speaker 1: sell it in one to two years. Like that's a

628
00:27:22,160 --> 00:27:26,160
Speaker 1: long term asset, Like you're paying stamps and stuff on property,

629
00:27:26,200 --> 00:27:28,880
Speaker 1: Like that's crazy to me. I would actually sit down

630
00:27:28,920 --> 00:27:31,280
Speaker 1: with your partner and entertain the idea. So I'd sit

631
00:27:31,320 --> 00:27:33,640
Speaker 1: down and be like, oh, hey, let's pretend it's Jess

632
00:27:33,640 --> 00:27:35,119
Speaker 1: and I Hey Jess, Like that sounds like, such a

633
00:27:35,160 --> 00:27:37,000
Speaker 1: good idea that you've brought to the table, that's actually

634
00:27:37,000 --> 00:27:38,840
Speaker 1: like map it out, like what that would look like

635
00:27:38,920 --> 00:27:40,800
Speaker 1: financially for us, and what it looks like to buy

636
00:27:40,800 --> 00:27:42,879
Speaker 1: our own property in one to two years. And I

637
00:27:42,880 --> 00:27:45,199
Speaker 1: can almost guarantee that without you saying, oh, it's a

638
00:27:45,200 --> 00:27:48,320
Speaker 1: bad idea, that mapping out process is going to come

639
00:27:48,320 --> 00:27:50,959
Speaker 1: to the conclusion that maybe it's not a great idea

640
00:27:51,080 --> 00:27:53,840
Speaker 1: for you guys to achieve your goals. But hey, I

641
00:27:53,880 --> 00:27:56,040
Speaker 1: don't know the opportunity. It might end up being a

642
00:27:56,040 --> 00:28:00,320
Speaker 1: fantastic opportunity, but like sound it out to to a

643
00:28:00,359 --> 00:28:03,680
Speaker 1: mortgage broker about what's possible and whether that's a good

644
00:28:03,720 --> 00:28:08,040
Speaker 1: idea or not financially. Work out what your eligibility criteria

645
00:28:08,240 --> 00:28:10,919
Speaker 1: is on first home owner grants, Like, I don't know

646
00:28:10,960 --> 00:28:13,240
Speaker 1: what your future looks like, but if you're buying an

647
00:28:13,240 --> 00:28:16,000
Speaker 1: expensive property, you might not actually get access to any

648
00:28:16,040 --> 00:28:19,120
Speaker 1: of your first home owner grants anyway. So what do

649
00:28:19,160 --> 00:28:22,000
Speaker 1: you qualify for, what don't you qualify for? Et cetera.

650
00:28:22,560 --> 00:28:24,679
Speaker 1: Just what would you do as somebody who refused to

651
00:28:24,720 --> 00:28:26,720
Speaker 1: buy their first home with a partner.

652
00:28:26,960 --> 00:28:29,760
Speaker 4: I'm just not understanding the buying out of it. All, Like,

653
00:28:29,840 --> 00:28:33,760
Speaker 4: I don't understand. Is it because the brother wants to

654
00:28:33,760 --> 00:28:35,919
Speaker 4: get into the market and your partner has said, oh,

655
00:28:35,960 --> 00:28:38,040
Speaker 4: like I'll find you the cash, I'll pay half, and

656
00:28:38,080 --> 00:28:40,560
Speaker 4: then you buy me out in two years, in which

657
00:28:40,640 --> 00:28:42,880
Speaker 4: case I just think there are better ways to go

658
00:28:42,960 --> 00:28:47,560
Speaker 4: around that, like maybe you could look at a garantall situation.

659
00:28:47,640 --> 00:28:51,520
Speaker 4: I just the buying out I'm not sure on Like,

660
00:28:51,960 --> 00:28:54,440
Speaker 4: it's just totally a bit sussed, not sus like, I'm

661
00:28:54,440 --> 00:28:56,800
Speaker 4: not saying he's trying to do anything dodgy, but I

662
00:28:57,200 --> 00:28:59,400
Speaker 4: just am not understanding it. Honestly, they don't look in

663
00:28:59,480 --> 00:29:01,560
Speaker 4: such a period of time, exactly as you said, to

664
00:29:01,840 --> 00:29:04,960
Speaker 4: sure what the market is going to do. The only

665
00:29:05,000 --> 00:29:06,720
Speaker 4: way that makes sense in my head is the brother

666
00:29:06,840 --> 00:29:08,320
Speaker 4: wants to get into the market now he wants to

667
00:29:08,360 --> 00:29:11,000
Speaker 4: buy this investment property and he needs assorted to a capital.

668
00:29:11,280 --> 00:29:12,680
Speaker 1: Why is they need doing it but then.

669
00:29:12,520 --> 00:29:15,080
Speaker 4: Buy something smaller because you already own a home, so like,

670
00:29:15,160 --> 00:29:17,959
Speaker 4: why are you're not leveraging your existing home or just waiting.

671
00:29:18,560 --> 00:29:20,360
Speaker 4: It just doesn't make sense to me, Like I'm not

672
00:29:20,480 --> 00:29:22,880
Speaker 4: understanding the upside of it, and I just think it's

673
00:29:22,960 --> 00:29:25,240
Speaker 4: very risky, exactly as you said that he might not

674
00:29:25,280 --> 00:29:27,400
Speaker 4: be able to afford to buy you out or whatever.

675
00:29:27,600 --> 00:29:31,040
Speaker 4: Your partner's then stuck in this investment that he maybe

676
00:29:31,040 --> 00:29:34,640
Speaker 4: did or didn't want. I don't know. I just wouldn't

677
00:29:34,680 --> 00:29:37,840
Speaker 4: do it personally. I can't really explain that much more.

678
00:29:37,880 --> 00:29:40,360
Speaker 4: I think exactly you said, do the numbers and see,

679
00:29:40,400 --> 00:29:43,360
Speaker 4: but I can't. I wouldn't do it fair.

680
00:29:43,800 --> 00:29:46,800
Speaker 1: Before we asked the community that exact question, what would

681
00:29:46,800 --> 00:29:49,600
Speaker 1: you do if you were our community member? Forty two

682
00:29:49,600 --> 00:29:53,360
Speaker 1: percent said, revisit the idea after we purchase our own home.

683
00:29:53,960 --> 00:29:56,920
Speaker 1: Thirty six percent said hard no from me, twenty percent

684
00:29:56,960 --> 00:29:59,480
Speaker 1: said only with a strict legal agreement, and two percent

685
00:29:59,520 --> 00:30:02,160
Speaker 1: of you said I would support my boyfriend's decision.

686
00:30:02,560 --> 00:30:03,880
Speaker 4: Oh, you're a better person than I am.

687
00:30:04,840 --> 00:30:08,400
Speaker 1: Two percent would you ever enter into an agreement like this?

688
00:30:08,560 --> 00:30:11,000
Speaker 1: Fifty percent of you said no, it's too risky, thirty

689
00:30:11,000 --> 00:30:14,920
Speaker 1: two percent said depends on our sibling relationship, and eighteen

690
00:30:14,960 --> 00:30:17,880
Speaker 1: percent said yeah if the numbers stuck up. We then

691
00:30:17,960 --> 00:30:21,720
Speaker 1: said what's your two cents? And it was similar to

692
00:30:21,760 --> 00:30:25,479
Speaker 1: our conversations. Right first person said the boyfriend should consider

693
00:30:25,520 --> 00:30:28,200
Speaker 1: the impact to the girlfriend and the first home grants

694
00:30:28,200 --> 00:30:31,880
Speaker 1: they'll lose. Next person said, if they already have a

695
00:30:31,920 --> 00:30:34,640
Speaker 1: property and this is an investment, it screams they haven't

696
00:30:34,640 --> 00:30:36,520
Speaker 1: got their shit in order to do it on their own.

697
00:30:37,480 --> 00:30:39,840
Speaker 1: Next person said, this sounds like it's one hundred percent

698
00:30:39,920 --> 00:30:41,880
Speaker 1: a great idea for his brother and one hundred percent

699
00:30:42,000 --> 00:30:45,320
Speaker 1: a shitty deal for your partner. Hard No, the next

700
00:30:45,320 --> 00:30:49,080
Speaker 1: person said, I did exactly this. Oh t tell us

701
00:30:49,120 --> 00:30:52,720
Speaker 1: more disaster. Steer clear for your mental health, finances and

702
00:30:52,760 --> 00:30:55,120
Speaker 1: your family. Do not do it. Oh my god, there

703
00:30:55,160 --> 00:30:55,400
Speaker 1: you go.

704
00:30:55,560 --> 00:30:56,280
Speaker 4: Out of the mouth of.

705
00:30:57,840 --> 00:31:00,960
Speaker 1: The next person said, so many different legal mechanisms to

706
00:31:01,000 --> 00:31:04,200
Speaker 1: achieve the same result, but better outcome. And next and

707
00:31:04,280 --> 00:31:07,240
Speaker 1: last person said, I'm a lawyer. The slight chance of

708
00:31:07,280 --> 00:31:10,840
Speaker 1: any issue is not worth it. Plus, family law separation

709
00:31:11,040 --> 00:31:15,000
Speaker 1: issues don't put you in the best position we go anyway.

710
00:31:15,080 --> 00:31:17,760
Speaker 1: That's a good place to leave it with a lawyer's comment,

711
00:31:17,960 --> 00:31:20,120
Speaker 1: look at us going to the horse's mouth.

712
00:31:20,280 --> 00:31:22,960
Speaker 4: Yeah. Literally, pressure stuff like.

713
00:31:22,920 --> 00:31:26,120
Speaker 1: That scares me because I'm always like, they always start

714
00:31:26,160 --> 00:31:30,200
Speaker 1: with the best of intentions, but these situations usually favor

715
00:31:30,760 --> 00:31:33,680
Speaker 1: one person over the other. And when it's like, oh,

716
00:31:33,680 --> 00:31:35,440
Speaker 1: I'm going to get my brother to do this with

717
00:31:35,640 --> 00:31:38,960
Speaker 1: me because I can't afford it. It's you using your

718
00:31:39,000 --> 00:31:40,960
Speaker 1: brother to get to where you want to be and

719
00:31:41,000 --> 00:31:43,160
Speaker 1: you're not. Your brother's not in the best possible position.

720
00:31:43,200 --> 00:31:44,720
Speaker 1: He's just a vehicle to help you get there.

721
00:31:44,920 --> 00:31:48,240
Speaker 4: Yeah, potential for things to go wrong high, it's you high.

722
00:31:48,440 --> 00:31:49,080
Speaker 1: So you know from me?

723
00:31:49,720 --> 00:31:50,040
Speaker 4: Amen?

724
00:31:50,200 --> 00:31:50,480
Speaker 3: Amen.

725
00:31:50,760 --> 00:31:53,360
Speaker 1: Well, Cammie's finally decided to go to sleep. So that

726
00:31:53,520 --> 00:31:55,560
Speaker 1: is a wrap for the show. We will see you

727
00:31:55,600 --> 00:31:57,960
Speaker 1: guys bright and early on Monday morning for a money

728
00:31:58,000 --> 00:32:00,760
Speaker 1: darry till then have the best weekend by guys.

729
00:32:00,840 --> 00:32:01,240
Speaker 2: Bye.

730
00:32:05,800 --> 00:32:08,320
Speaker 1: The advice shared on She's on the Money is general

731
00:32:08,400 --> 00:32:12,240
Speaker 1: in nature and does not consider your individual circumstances. She's

732
00:32:12,280 --> 00:32:15,760
Speaker 1: on the Money exists purely for educational purposes and should

733
00:32:15,760 --> 00:32:18,920
Speaker 1: not be relied upon to make an investment or financial decision.

734
00:32:19,320 --> 00:32:21,800
Speaker 1: If you do choose to buy a financial product, read

735
00:32:21,800 --> 00:32:25,920
Speaker 1: the PDS TMD and obtain appropriate financial advice tailored towards

736
00:32:26,000 --> 00:32:29,280
Speaker 1: your needs. Victoria Divine and She's on the Money are

737
00:32:29,320 --> 00:32:34,360
Speaker 1: authorized representatives of Money. Sheper pty LTD ABN three two

738
00:32:34,400 --> 00:32:37,400
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739
00:32:37,680 --> 00:32:45,000
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