1 00:00:00,640 --> 00:00:00,960 Speaker 1: Hello. 2 00:00:01,520 --> 00:00:05,000 Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud your the 3 00:00:05,120 --> 00:00:08,720 Speaker 2: Order KERNI Whoalbury and a waddery woman. And before we 4 00:00:08,800 --> 00:00:11,440 Speaker 2: get started on She's on the Money podcast, I would 5 00:00:11,480 --> 00:00:14,480 Speaker 2: like to acknowledge the traditional custodians of the land of 6 00:00:14,520 --> 00:00:18,640 Speaker 2: which this podcast is recorded on a wondery country, acknowledging 7 00:00:18,680 --> 00:00:22,560 Speaker 2: the elders, the ancestors and the next generation coming through 8 00:00:23,040 --> 00:00:27,120 Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and 9 00:00:27,200 --> 00:00:30,560 Speaker 2: the storytelling of you to make a difference for today 10 00:00:31,040 --> 00:00:32,599 Speaker 2: and lasting impact for tomorrow. 11 00:00:33,280 --> 00:00:34,080 Speaker 1: Let's get into it. 12 00:00:34,760 --> 00:01:10,800 Speaker 3: She's on the Money, She's on the Money. 13 00:00:57,840 --> 00:01:01,040 Speaker 4: Hello, and welcome to She's I'm the Money podcast. Millennials 14 00:01:01,080 --> 00:01:04,800 Speaker 4: who want financial freedom. Now we know how vital it 15 00:01:04,880 --> 00:01:07,039 Speaker 4: is to care for our health and wellbeing, and we're 16 00:01:07,200 --> 00:01:09,839 Speaker 4: hopefully across the importance of caring for our mental health. 17 00:01:09,920 --> 00:01:13,040 Speaker 4: But financial self care. What does that look like? My 18 00:01:13,200 --> 00:01:16,319 Speaker 4: name is Jessica Ricky, and today we're gonna talk all 19 00:01:16,360 --> 00:01:19,880 Speaker 4: about it, of course, with everyone's favorite finance expert, Victoria Devine. 20 00:01:20,200 --> 00:01:23,120 Speaker 1: Finance expert sounds bougie, I reckon, I know, I thought 21 00:01:23,120 --> 00:01:26,280 Speaker 1: you'd lack that way fancy gal finance expert or self 22 00:01:26,360 --> 00:01:29,440 Speaker 1: care genius, like I'm so good at self care. So 23 00:01:29,480 --> 00:01:32,440 Speaker 1: we've done an entire episode about how self care is 24 00:01:32,480 --> 00:01:35,080 Speaker 1: important basically to me. So that's where we're at. But 25 00:01:35,240 --> 00:01:39,679 Speaker 1: financial self care is, from my perspective, a very underdiscussed topic, 26 00:01:40,000 --> 00:01:42,520 Speaker 1: but one I hope is not totally new to our community. 27 00:01:42,520 --> 00:01:46,520 Speaker 1: Because self care, or specifically financial self care, is what 28 00:01:46,600 --> 00:01:48,600 Speaker 1: she is on the money is all about. And I 29 00:01:48,640 --> 00:01:51,800 Speaker 1: hope this episode is a good and practical little reminder 30 00:01:51,880 --> 00:01:54,360 Speaker 1: and reframer for us all. And if it's a new 31 00:01:54,400 --> 00:01:57,040 Speaker 1: concept to you, then welcome to it. My friend. I'm 32 00:01:57,080 --> 00:01:59,120 Speaker 1: excited that you're discovering this with us. 33 00:01:59,240 --> 00:02:01,640 Speaker 4: I'm really excited too. So let's start at the beginning 34 00:02:01,680 --> 00:02:05,600 Speaker 4: and define self care. It's putting yourself first, even when 35 00:02:05,680 --> 00:02:08,360 Speaker 4: you don't want to right. It takes on heaps of 36 00:02:08,360 --> 00:02:11,520 Speaker 4: different forms. It could look like anything from setting your 37 00:02:11,560 --> 00:02:13,080 Speaker 4: alarm that a little bit earlier to go to the 38 00:02:13,120 --> 00:02:15,840 Speaker 4: gym no, thank you, so no from me, or sleeping 39 00:02:15,880 --> 00:02:17,600 Speaker 4: in when you had planned to be at the gym. 40 00:02:17,720 --> 00:02:20,760 Speaker 4: Yes from me, same for me. It could be saying 41 00:02:20,880 --> 00:02:24,240 Speaker 4: no and setting an important boundary yes for me, or 42 00:02:24,280 --> 00:02:28,800 Speaker 4: prioritizing some social or alone time for my fellow introverts. 43 00:02:28,840 --> 00:02:31,520 Speaker 4: That's where it's at. But ultimately, it's all about being 44 00:02:31,600 --> 00:02:34,079 Speaker 4: centered and in touch with what you need as opposed 45 00:02:34,160 --> 00:02:36,600 Speaker 4: to what you want in the moment, and looking after 46 00:02:36,720 --> 00:02:37,600 Speaker 4: your future. 47 00:02:37,240 --> 00:02:40,320 Speaker 1: Self or about putting future you first, which actually is 48 00:02:40,360 --> 00:02:42,240 Speaker 1: on the money is the person that we are always 49 00:02:42,280 --> 00:02:45,280 Speaker 1: working for. And Jess, as you know, it's not just 50 00:02:45,360 --> 00:02:47,440 Speaker 1: a piece of chocolate cake or an early night in bed. 51 00:02:47,520 --> 00:02:50,280 Speaker 1: It's kind of like self parenting. You're doing the right 52 00:02:50,320 --> 00:02:52,760 Speaker 1: thing for future you even when you just don't feel 53 00:02:52,880 --> 00:02:55,640 Speaker 1: like it. So the exact same principles of normal self 54 00:02:55,680 --> 00:02:58,880 Speaker 1: care applied to financial self care. When you first start 55 00:02:58,880 --> 00:03:00,960 Speaker 1: on this journey, it can feel like a lot, and 56 00:03:01,000 --> 00:03:04,280 Speaker 1: I totally get it. Financial self care from my perspective, 57 00:03:04,560 --> 00:03:06,120 Speaker 1: is a bit like a muscle and you need to 58 00:03:06,160 --> 00:03:09,440 Speaker 1: train it and build strength. It's a massive shift in mindset, 59 00:03:09,840 --> 00:03:11,720 Speaker 1: but it's one of those things that won't go away 60 00:03:11,720 --> 00:03:13,360 Speaker 1: if you bury your head in the sand, just like 61 00:03:13,400 --> 00:03:16,680 Speaker 1: you wouldn't do with actual health concerns. Right, she's on 62 00:03:16,720 --> 00:03:19,200 Speaker 1: the money. It literally exists for this mission, So do 63 00:03:19,320 --> 00:03:21,480 Speaker 1: not worry. We are here to guide you through a 64 00:03:21,560 --> 00:03:23,600 Speaker 1: few tips today. So that you can get on your 65 00:03:23,639 --> 00:03:27,000 Speaker 1: journey or encourage you belong wherever that might be. Today 66 00:03:27,080 --> 00:03:29,720 Speaker 1: we are doing a massive vibe check and we will 67 00:03:29,760 --> 00:03:32,040 Speaker 1: be giving you some really easy ideas to get you 68 00:03:32,120 --> 00:03:34,600 Speaker 1: started with your own financial self care journey. 69 00:03:34,720 --> 00:03:37,800 Speaker 4: All right, let's talk about some broader ideas help us 70 00:03:37,800 --> 00:03:40,760 Speaker 4: get into the mindset for financial self care, and after 71 00:03:40,800 --> 00:03:44,440 Speaker 4: the break we'll go into some more specific practical tips. 72 00:03:44,480 --> 00:03:46,800 Speaker 4: I like that format me too. So there's two big 73 00:03:46,840 --> 00:03:48,720 Speaker 4: things that we say all the time on the show. 74 00:03:48,800 --> 00:03:52,000 Speaker 4: V is to check your personal values and to keep 75 00:03:52,040 --> 00:03:54,080 Speaker 4: things sustainable for ourselves that. 76 00:03:54,080 --> 00:03:57,440 Speaker 1: We do as women, Jess, we stereotypically have been patronized 77 00:03:57,480 --> 00:04:00,640 Speaker 1: for literally all of our wants, while also the economy 78 00:04:00,680 --> 00:04:04,520 Speaker 1: relies on it. And speaking in gender stereotypes, Jess, once 79 00:04:04,560 --> 00:04:07,920 Speaker 1: that are unquestioned for men are frivolous money sinks for women. 80 00:04:08,240 --> 00:04:11,480 Speaker 1: We see it all the damn time. I'm not saying 81 00:04:11,480 --> 00:04:13,240 Speaker 1: that we should use this as an excuse for a 82 00:04:13,280 --> 00:04:15,920 Speaker 1: shopping spree or anything like that, but I do want 83 00:04:16,000 --> 00:04:19,960 Speaker 1: you to cut out the external noise from popular culture, friends, family, 84 00:04:20,080 --> 00:04:23,320 Speaker 1: or even your partner and go into yourself. What is 85 00:04:23,360 --> 00:04:25,320 Speaker 1: it that you need to do to keep on track 86 00:04:25,360 --> 00:04:29,960 Speaker 1: with your personal financial goals, but also nurture yourself. Jess, 87 00:04:30,000 --> 00:04:32,800 Speaker 1: I want to know, throwing you straight under the bus here, 88 00:04:33,080 --> 00:04:35,240 Speaker 1: what is an example of this for you, Something that 89 00:04:35,279 --> 00:04:38,200 Speaker 1: you could happily go without and something that you want 90 00:04:38,200 --> 00:04:39,200 Speaker 1: to prioritize. 91 00:04:39,279 --> 00:04:41,840 Speaker 4: I feel like in terms of like everyday people like, 92 00:04:41,920 --> 00:04:44,200 Speaker 4: I'm pretty happy to go without buying a coffee in 93 00:04:44,200 --> 00:04:47,080 Speaker 4: the morning. I wouldn't necessarily get a hot chocolate every 94 00:04:47,080 --> 00:04:49,359 Speaker 4: morning or smoothie every morning. Like, it's just not a 95 00:04:49,400 --> 00:04:51,680 Speaker 4: part of my morning routine that I feel like I 96 00:04:51,760 --> 00:04:52,599 Speaker 4: need to include. 97 00:04:52,720 --> 00:04:55,479 Speaker 1: Yeah, good luck prying a coffee from my cold dead hands. 98 00:04:55,920 --> 00:04:58,760 Speaker 4: Absolutely. Whereas for me, it's a little bit more important 99 00:04:58,800 --> 00:05:04,320 Speaker 4: to prioritize allowing myself money to spend on myself. Like 100 00:05:04,400 --> 00:05:07,000 Speaker 4: I have said before, I really like clothes. It's a 101 00:05:07,040 --> 00:05:09,560 Speaker 4: form of self expression for me. And so within my budget, 102 00:05:09,600 --> 00:05:12,520 Speaker 4: I have an allocation every month to allow myself to 103 00:05:12,560 --> 00:05:14,760 Speaker 4: spend on clothes, whether that's at the store or whether 104 00:05:14,839 --> 00:05:17,240 Speaker 4: that's things that I buy secondhand online. 105 00:05:17,560 --> 00:05:18,800 Speaker 1: I will have it in your budget. 106 00:05:18,880 --> 00:05:21,320 Speaker 4: Yeah that's important to you, Yeah, absolutely, Like that's just 107 00:05:21,360 --> 00:05:23,120 Speaker 4: what's important to me. And I know I have friends 108 00:05:23,160 --> 00:05:25,360 Speaker 4: who couldn't care less. They buy clothes once a year 109 00:05:25,480 --> 00:05:27,719 Speaker 4: if that, and that's what they like. But it's something 110 00:05:27,760 --> 00:05:29,800 Speaker 4: that's important to me, and so I really try to 111 00:05:29,800 --> 00:05:32,080 Speaker 4: make an effort to prioritize it in a way that 112 00:05:32,160 --> 00:05:34,960 Speaker 4: I don't have to feel guilty about spending. 113 00:05:34,720 --> 00:05:37,359 Speaker 1: Yeah fair, And I feel like that's really relatable because 114 00:05:37,400 --> 00:05:39,440 Speaker 1: to me that makes sense. But I also have those 115 00:05:39,440 --> 00:05:41,479 Speaker 1: friends that are like, oh, I could not be bothered 116 00:05:41,520 --> 00:05:44,239 Speaker 1: shopping every month, and I'm like, what, I love it. 117 00:05:44,240 --> 00:05:48,080 Speaker 1: It's my favorite, all right, Jess. This next example kind 118 00:05:48,080 --> 00:05:50,400 Speaker 1: of goes together with the previous point. So we've spoken 119 00:05:50,400 --> 00:05:53,880 Speaker 1: about practicing mindfulness and gratefulness, but I also think it's 120 00:05:53,920 --> 00:05:56,120 Speaker 1: really important to understand your privilege. 121 00:05:56,360 --> 00:05:58,640 Speaker 4: That's so true. I feel like in twenty twenty two, 122 00:05:58,680 --> 00:06:02,400 Speaker 4: with how connected we are, but Instagram comparison culture is 123 00:06:02,640 --> 00:06:06,200 Speaker 4: just insane. I find myself doing it and I recognize 124 00:06:06,200 --> 00:06:09,120 Speaker 4: that I'm in a totally privileged position. And I think 125 00:06:09,160 --> 00:06:11,240 Speaker 4: a lot of us are probably in the same boat. 126 00:06:11,240 --> 00:06:13,200 Speaker 4: Where we see somebody else with something that's really new, 127 00:06:13,320 --> 00:06:16,000 Speaker 4: or we see someone on a holiday. And we've spoken 128 00:06:16,080 --> 00:06:18,640 Speaker 4: before about how a lot of the time you don't 129 00:06:18,680 --> 00:06:21,000 Speaker 4: see how those people who are living those lives are 130 00:06:21,000 --> 00:06:23,600 Speaker 4: going into dead or you know, doing everything that they 131 00:06:23,640 --> 00:06:25,240 Speaker 4: can to keep up with the joneses, and it becomes 132 00:06:25,279 --> 00:06:28,240 Speaker 4: a bit of an unhealthy cycle where we're watching and 133 00:06:28,240 --> 00:06:30,839 Speaker 4: then consuming to keep up, and then watching and then consuming, 134 00:06:31,279 --> 00:06:33,679 Speaker 4: and it's really really difficult. So I think you're totally 135 00:06:33,760 --> 00:06:37,240 Speaker 4: right that taking a step back, reminding ourselves how fortunate 136 00:06:37,440 --> 00:06:40,000 Speaker 4: we are and how good we actually have it, and 137 00:06:40,000 --> 00:06:41,919 Speaker 4: how so many of those things that in the moment 138 00:06:42,040 --> 00:06:46,160 Speaker 4: seem like total needs are actually just really nice things 139 00:06:46,160 --> 00:06:48,119 Speaker 4: to have and things that we absolutely can live without, 140 00:06:48,400 --> 00:06:49,120 Speaker 4: is really. 141 00:06:48,839 --> 00:06:52,000 Speaker 1: Exactly And I find it an interesting mindset when people 142 00:06:52,040 --> 00:06:54,080 Speaker 1: are like, oh, but I deserve to go on a holiday. 143 00:06:54,360 --> 00:06:57,120 Speaker 1: You go, yeah, of course, but those things come with 144 00:06:57,200 --> 00:07:00,200 Speaker 1: a level of compromise, like you can't have your cake 145 00:07:00,279 --> 00:07:02,200 Speaker 1: and eat it too. And I think that, you know, 146 00:07:02,279 --> 00:07:04,680 Speaker 1: when I say we need to understand our privilege. We 147 00:07:04,680 --> 00:07:08,720 Speaker 1: can't just assume that we deserve a holiday every single year, like, yeah, 148 00:07:08,760 --> 00:07:11,720 Speaker 1: that's an absolute privilege. But it's kind of like, well, 149 00:07:11,840 --> 00:07:15,160 Speaker 1: is that actually at the cost of our financial wellbeing 150 00:07:15,280 --> 00:07:18,360 Speaker 1: long term? If so, how do we frame that so 151 00:07:18,680 --> 00:07:20,680 Speaker 1: that we can kind of have our cake and eat 152 00:07:20,720 --> 00:07:23,120 Speaker 1: it too. But it might be over a longer time frame, 153 00:07:23,400 --> 00:07:25,600 Speaker 1: because so many times people will be like, oh, yeah, 154 00:07:25,600 --> 00:07:28,440 Speaker 1: but I travel overseas every year, and you're like, oh, okay. 155 00:07:28,560 --> 00:07:31,320 Speaker 1: Like and when I was working as a financial advisor, 156 00:07:31,360 --> 00:07:33,200 Speaker 1: I used to find it really hard because people would 157 00:07:33,200 --> 00:07:34,600 Speaker 1: be like, oh yeah, but like we go on a 158 00:07:34,600 --> 00:07:37,040 Speaker 1: holiday every single year overseas, and I'd sit down and 159 00:07:37,040 --> 00:07:39,720 Speaker 1: look at their financial circumstances and be like, I don't 160 00:07:39,760 --> 00:07:41,400 Speaker 1: mean to burst your bubble, but at the end of 161 00:07:41,440 --> 00:07:44,160 Speaker 1: the day, like, that's actually not feasible given the financial 162 00:07:44,200 --> 00:07:47,040 Speaker 1: goals you've set for yourself and wanting to buy house 163 00:07:47,040 --> 00:07:49,280 Speaker 1: and wanting to put yourself in the best possible position, Like, 164 00:07:49,520 --> 00:07:52,520 Speaker 1: that's actually detrimental. So how do we find that balance? 165 00:07:52,560 --> 00:07:55,600 Speaker 1: And I think that by understanding our privilege and kind 166 00:07:55,600 --> 00:07:57,560 Speaker 1: of checking that and being like, all right, well where 167 00:07:57,560 --> 00:07:59,520 Speaker 1: are we at can actually put us in the best 168 00:07:59,520 --> 00:08:03,720 Speaker 1: possible position because it means that we're always really aware 169 00:08:03,760 --> 00:08:05,920 Speaker 1: of exactly where we stand, not just going oh, but 170 00:08:06,000 --> 00:08:08,480 Speaker 1: everybody else does it, which means I should too. All right, 171 00:08:08,560 --> 00:08:10,880 Speaker 1: moving along, I want you to all remember that working 172 00:08:10,920 --> 00:08:13,680 Speaker 1: hard should put your head not behind, which I think 173 00:08:13,760 --> 00:08:17,600 Speaker 1: is an interesting concept because just how many times and 174 00:08:17,640 --> 00:08:19,520 Speaker 1: I don't know if this is a personal attack or not. 175 00:08:19,640 --> 00:08:21,680 Speaker 1: I'm not meaning it that way. Have you been like? 176 00:08:21,720 --> 00:08:24,040 Speaker 1: All right, well, if I work extra hard and do 177 00:08:24,160 --> 00:08:26,440 Speaker 1: this over time, I can then afford a new pair 178 00:08:26,440 --> 00:08:29,160 Speaker 1: of shoes, or I can then afford this other thing, 179 00:08:29,360 --> 00:08:31,800 Speaker 1: or I can take myself out for dinner, or I 180 00:08:31,840 --> 00:08:34,480 Speaker 1: can you know, buy ten more espresso martinis for my 181 00:08:34,520 --> 00:08:38,040 Speaker 1: girlfriends and I to relax. I genuinely think that when 182 00:08:38,040 --> 00:08:41,400 Speaker 1: we are working really hard, we should be putting ourselves 183 00:08:41,480 --> 00:08:44,240 Speaker 1: financially ahead so that we are in a better position 184 00:08:44,400 --> 00:08:47,280 Speaker 1: than we were when we started. So if that means 185 00:08:47,280 --> 00:08:50,559 Speaker 1: that that cash goes to paying off some debt or 186 00:08:50,600 --> 00:08:53,559 Speaker 1: putting it straight into your emergency fund to build that up, 187 00:08:53,720 --> 00:08:56,720 Speaker 1: or investing it or saving it, I just genuinely think 188 00:08:56,920 --> 00:08:59,920 Speaker 1: if you're going above and beyond for work and time 189 00:09:00,000 --> 00:09:03,280 Speaker 1: time and trading your time for money, we shouldn't be 190 00:09:03,320 --> 00:09:06,160 Speaker 1: trading that for physical things that in the short term 191 00:09:06,160 --> 00:09:08,199 Speaker 1: make us happy, but in the long term don't put 192 00:09:08,280 --> 00:09:09,479 Speaker 1: us ahead financially. 193 00:09:09,640 --> 00:09:11,280 Speaker 4: Great point, V. What else have you got for me? 194 00:09:11,520 --> 00:09:14,960 Speaker 1: All right? So, just like in exercise, routine and habit 195 00:09:15,160 --> 00:09:18,720 Speaker 1: is your friend in saying that when it comes to exercise. 196 00:09:18,800 --> 00:09:21,040 Speaker 1: I absolutely haven't got this mastered, but I've heard it's 197 00:09:21,080 --> 00:09:24,920 Speaker 1: a really good thing too. Master. But practicing financial self 198 00:09:24,920 --> 00:09:27,960 Speaker 1: care means developing habits that work for you and reflect 199 00:09:28,000 --> 00:09:31,200 Speaker 1: what you're trying to achieve with your money. Those habits 200 00:09:31,200 --> 00:09:34,000 Speaker 1: can look very different for very different people, and what's 201 00:09:34,040 --> 00:09:37,760 Speaker 1: most important is consistency and practicing them in the long term. 202 00:09:37,880 --> 00:09:41,040 Speaker 4: Jess, Yeah, amazing. I think those are all really great points. 203 00:09:41,160 --> 00:09:43,080 Speaker 4: Let's dash to a really quick break, and then when 204 00:09:43,080 --> 00:09:45,160 Speaker 4: we come back, I want to get into some really 205 00:09:45,200 --> 00:09:53,480 Speaker 4: specific tips, So don't go anywhere, alrighty, straight back into it, V. 206 00:09:53,640 --> 00:09:56,720 Speaker 4: Let's get into some practical tips for financial self care. 207 00:09:56,800 --> 00:09:59,720 Speaker 1: I've been giving practical tips this entire episode, Miss Jessicata 208 00:09:59,720 --> 00:10:02,480 Speaker 1: each absolutely, but I think now let's talk about some 209 00:10:02,559 --> 00:10:06,040 Speaker 1: really implementable steps that I could go home right now 210 00:10:06,080 --> 00:10:08,240 Speaker 1: and go all right, here's my little checklist of things 211 00:10:08,280 --> 00:10:11,920 Speaker 1: that I can do to know that I'm hopefully putting myself. 212 00:10:11,640 --> 00:10:13,720 Speaker 4: In a position where I'm going to be looking after myself. 213 00:10:13,760 --> 00:10:16,040 Speaker 1: All right, So first things first, Just my favorite thing 214 00:10:16,080 --> 00:10:17,680 Speaker 1: is writing a list and then putting things on the 215 00:10:17,679 --> 00:10:20,240 Speaker 1: list that I've already done because it makes me feel accomplished. 216 00:10:20,320 --> 00:10:21,840 Speaker 1: So the first thing to do is listen to the 217 00:10:21,880 --> 00:10:23,160 Speaker 1: She's on the Money podcast. 218 00:10:23,240 --> 00:10:25,120 Speaker 4: You've done it, yeah. 219 00:10:25,160 --> 00:10:27,240 Speaker 1: And the second step of that first point is to 220 00:10:27,320 --> 00:10:30,760 Speaker 1: actually join our Facebook group. So many of you haven't 221 00:10:30,800 --> 00:10:33,400 Speaker 1: joined the Facebook group, and I know you haven't because 222 00:10:33,440 --> 00:10:36,040 Speaker 1: I know there's more than a million listeners of this podcast, 223 00:10:36,200 --> 00:10:38,480 Speaker 1: but there's only two hundred and forty thousand people in 224 00:10:38,520 --> 00:10:41,720 Speaker 1: the Facebook group. Those numbers don't make sense. So go 225 00:10:41,760 --> 00:10:44,040 Speaker 1: ahead and join the Facebook group. It is free, and 226 00:10:44,080 --> 00:10:47,360 Speaker 1: the community shares money tips and tricks literally every single day, 227 00:10:47,480 --> 00:10:50,800 Speaker 1: free of judgment. Search Shees on the Money on Facebook 228 00:10:50,840 --> 00:10:54,520 Speaker 1: and join us the next my friend. Again, it's free 229 00:10:54,600 --> 00:10:57,480 Speaker 1: because I put a free budget on our website. You're 230 00:10:57,520 --> 00:10:59,520 Speaker 1: going to go create a budget so that you can 231 00:10:59,520 --> 00:11:02,360 Speaker 1: be really on top of every single dollar that comes 232 00:11:02,360 --> 00:11:05,200 Speaker 1: into your account and every single dollar that goes out, 233 00:11:05,400 --> 00:11:08,040 Speaker 1: so that we're just aware. That's a very big step 234 00:11:08,080 --> 00:11:11,480 Speaker 1: when it comes to financial self care. The third is 235 00:11:11,559 --> 00:11:13,520 Speaker 1: my favorite, and if you listen to the first season 236 00:11:13,520 --> 00:11:15,280 Speaker 1: of Shees on the Money, you really know how to 237 00:11:15,280 --> 00:11:18,640 Speaker 1: do this. But you're going to check your bank transactions 238 00:11:18,800 --> 00:11:21,720 Speaker 1: and your supranuation account. While you're at it, You're going 239 00:11:21,760 --> 00:11:23,880 Speaker 1: to go get a free credit report to make sure 240 00:11:23,880 --> 00:11:25,199 Speaker 1: there's nothing suspicious on there. 241 00:11:25,240 --> 00:11:27,400 Speaker 4: That's such a good tip. We have so many people 242 00:11:27,400 --> 00:11:29,199 Speaker 4: tell us that they had no idea that they could 243 00:11:29,280 --> 00:11:32,080 Speaker 4: check their credit port really easily. We've had people say 244 00:11:32,080 --> 00:11:35,120 Speaker 4: that they found out that they were being defrauded and 245 00:11:35,200 --> 00:11:36,280 Speaker 4: all kinds of other things. 246 00:11:36,320 --> 00:11:38,880 Speaker 1: So hopefully nothing dramatic. But these are all free, So 247 00:11:38,960 --> 00:11:41,320 Speaker 1: that is a money win if I've ever seen one. 248 00:11:41,840 --> 00:11:44,680 Speaker 1: The next is look for trends in your spending from 249 00:11:44,679 --> 00:11:46,960 Speaker 1: the last month. So you've done your budget, you've had 250 00:11:47,000 --> 00:11:49,600 Speaker 1: to look at your banking transactions. I want you to 251 00:11:49,640 --> 00:11:52,800 Speaker 1: see what types of trends exist. You might notice habits 252 00:11:52,840 --> 00:11:55,120 Speaker 1: that are forming that you didn't even notice and that 253 00:11:55,400 --> 00:11:58,520 Speaker 1: might not actually align to your core values. So, jess, 254 00:11:58,559 --> 00:12:00,480 Speaker 1: if you found a trend in your space from the 255 00:12:00,559 --> 00:12:03,760 Speaker 1: last month of maybe buying one too many drinks at 256 00:12:03,880 --> 00:12:07,880 Speaker 1: cough Starbuck haha, that didn't exist before, and you know 257 00:12:07,920 --> 00:12:10,880 Speaker 1: that buying drinks actually doesn't align to your cash flow 258 00:12:10,880 --> 00:12:13,560 Speaker 1: and budget goals, maybe now is the time to nip 259 00:12:13,600 --> 00:12:16,079 Speaker 1: that one in the bud before it gets out of control. 260 00:12:16,320 --> 00:12:19,160 Speaker 1: I say, Starbucks, jes, because you and I have found 261 00:12:19,160 --> 00:12:20,760 Speaker 1: a new love for the art. What is it the 262 00:12:20,760 --> 00:12:25,079 Speaker 1: strawberry sie refresher Ten out of ten recommend bit expensive, 263 00:12:25,200 --> 00:12:28,280 Speaker 1: but we hear for it. The next thing is put 264 00:12:28,320 --> 00:12:31,440 Speaker 1: your bills on auto pay to avoid any late fees, 265 00:12:31,600 --> 00:12:34,120 Speaker 1: but do check on your bills. So a lot of 266 00:12:34,120 --> 00:12:36,560 Speaker 1: people will say to me, oh, Victoria, I don't direct 267 00:12:36,559 --> 00:12:38,640 Speaker 1: debit my bills because I want to check them every month. 268 00:12:38,840 --> 00:12:41,680 Speaker 1: You absolutely can, but there's a lot of power on 269 00:12:41,800 --> 00:12:44,280 Speaker 1: having it direct debited, as well as staying on top 270 00:12:44,320 --> 00:12:47,040 Speaker 1: of it, because it means that it is absolutely going 271 00:12:47,080 --> 00:12:50,960 Speaker 1: to happen on time, because sometimes life gets away from us. 272 00:12:51,760 --> 00:12:54,520 Speaker 1: The next thing really boring, but we are going to 273 00:12:54,640 --> 00:12:58,520 Speaker 1: find and cancel reoccurring charges for things that we are 274 00:12:58,559 --> 00:13:01,240 Speaker 1: not using. The same with the count fee, So I 275 00:13:01,280 --> 00:13:03,400 Speaker 1: want you to know what you are paying for and 276 00:13:03,559 --> 00:13:06,960 Speaker 1: be sure that you can't get this free for somewhere else. Guys, 277 00:13:07,240 --> 00:13:09,480 Speaker 1: it is twenty twenty two. We don't pay for bank 278 00:13:09,520 --> 00:13:12,280 Speaker 1: fees in twenty twenty two. There are too many free 279 00:13:12,320 --> 00:13:16,240 Speaker 1: options out there, and when you check your banking transactions, 280 00:13:16,440 --> 00:13:18,000 Speaker 1: you would have been able to see if there are 281 00:13:18,080 --> 00:13:21,480 Speaker 1: any reoccurring charges for things that you aren't using, highlight them, 282 00:13:21,600 --> 00:13:24,120 Speaker 1: get rid of them. And another hot tip which I 283 00:13:24,120 --> 00:13:26,280 Speaker 1: think have I shared this on Friday Drinks. We're going 284 00:13:26,280 --> 00:13:28,000 Speaker 1: to share it in a deep dive episode because I 285 00:13:28,040 --> 00:13:30,920 Speaker 1: know not everyone listens to it. If you have an iPhone, 286 00:13:31,000 --> 00:13:33,200 Speaker 1: you can go to your settings. You can then hit 287 00:13:33,280 --> 00:13:36,560 Speaker 1: on your Apple id iCloud Media and Purchases, which is 288 00:13:36,600 --> 00:13:39,280 Speaker 1: at the very top, and hit subscriptions and it will 289 00:13:39,320 --> 00:13:42,320 Speaker 1: show you every single subscription that you have that you're 290 00:13:42,360 --> 00:13:44,960 Speaker 1: not using. Just remember the time we went to France 291 00:13:45,000 --> 00:13:47,600 Speaker 1: and I went and got my Duolingo subscription. 292 00:13:47,880 --> 00:13:48,240 Speaker 4: Haha. 293 00:13:48,320 --> 00:13:49,959 Speaker 1: Yeah, we're going to get rid of that because I 294 00:13:50,559 --> 00:13:52,600 Speaker 1: have not been using that and I did not commit 295 00:13:52,640 --> 00:13:54,240 Speaker 1: to learning a new language in the way that I 296 00:13:54,280 --> 00:13:57,760 Speaker 1: thought I would. I mean they tried, I failed. Didu 297 00:13:57,840 --> 00:14:01,080 Speaker 1: elinga al appreciates your service? Do they do? But I'm 298 00:14:01,080 --> 00:14:03,840 Speaker 1: going to cancel my subscription because that is money that 299 00:14:03,960 --> 00:14:06,480 Speaker 1: I don't need to be spending. The seventh thing I 300 00:14:06,520 --> 00:14:08,720 Speaker 1: have on this list, Jess, which arguably should have been 301 00:14:08,760 --> 00:14:12,000 Speaker 1: number one, is start an emergency fund. If you do 302 00:14:12,040 --> 00:14:15,320 Speaker 1: not have an emergency fund yet, you need to create one. 303 00:14:15,600 --> 00:14:18,120 Speaker 1: That is your f you fund. It is going to 304 00:14:18,160 --> 00:14:21,800 Speaker 1: get you out of any circumstance relationship, situation, job, or 305 00:14:21,840 --> 00:14:24,240 Speaker 1: place that you do not want to be, and I 306 00:14:24,320 --> 00:14:27,479 Speaker 1: promise it will become one of your superpowers. An emergency 307 00:14:27,520 --> 00:14:29,920 Speaker 1: fund is the most powerful thing that you can do 308 00:14:30,000 --> 00:14:33,200 Speaker 1: for your financial future. And if we're talking about financial 309 00:14:33,200 --> 00:14:36,000 Speaker 1: self care, I can't think of anything that is more 310 00:14:36,040 --> 00:14:39,960 Speaker 1: financial self care than an emergency fund. Agreed, Next is 311 00:14:40,160 --> 00:14:43,840 Speaker 1: set some money and career intentions. Go, do a little journal, 312 00:14:44,000 --> 00:14:45,880 Speaker 1: pull yourself a nice cup of tea or, if you're 313 00:14:45,960 --> 00:14:48,600 Speaker 1: like me, a very nice class of red wine. Write 314 00:14:48,640 --> 00:14:51,520 Speaker 1: them down and prioritize them. This includes asking for a 315 00:14:51,560 --> 00:14:53,680 Speaker 1: pay rise and coming up with the evidence if you 316 00:14:53,760 --> 00:14:57,040 Speaker 1: believe you deserve one. Then next, as I said before, 317 00:14:57,120 --> 00:15:00,280 Speaker 1: journaling can be really powerful. Journal about how each of 318 00:15:00,320 --> 00:15:04,360 Speaker 1: your financial goals connect to your core values. I know 319 00:15:04,480 --> 00:15:07,160 Speaker 1: that can sound really lame, but please give it a crack. 320 00:15:07,240 --> 00:15:09,480 Speaker 1: It will make you feel so much more in touch 321 00:15:09,680 --> 00:15:12,320 Speaker 1: with everything that is going on in your financial world. 322 00:15:12,600 --> 00:15:14,760 Speaker 1: This can be really helpful, especially when your goals are 323 00:15:14,760 --> 00:15:17,480 Speaker 1: feeling a little bit abstract or difficult, or you're finding 324 00:15:17,480 --> 00:15:20,800 Speaker 1: it hard to focus and clarify your financial goals. It'll 325 00:15:20,840 --> 00:15:23,360 Speaker 1: make making choices on a day to day basis so 326 00:15:23,520 --> 00:15:26,920 Speaker 1: much easier, I promise if you have one, talk to 327 00:15:26,960 --> 00:15:30,520 Speaker 1: your partner about finances, Jess, have a chat, have a 328 00:15:30,560 --> 00:15:34,560 Speaker 1: money chat. Maybe you share some financial responsibilities, or you 329 00:15:34,640 --> 00:15:38,040 Speaker 1: might keep your finances separate. It doesn't matter, but have 330 00:15:38,200 --> 00:15:41,680 Speaker 1: a money conversation with your partner. However you manage things. 331 00:15:41,720 --> 00:15:43,360 Speaker 1: It is good to be on the same page when 332 00:15:43,400 --> 00:15:46,240 Speaker 1: it comes to long term financial goals. Now, Jess, I 333 00:15:46,280 --> 00:15:48,480 Speaker 1: can see you've got a few written down. I'm sure 334 00:15:48,520 --> 00:15:50,480 Speaker 1: we have some that overlap. But what else have you 335 00:15:50,560 --> 00:15:53,280 Speaker 1: got to share? Absolutely, I did my homework. If you've 336 00:15:53,280 --> 00:15:55,720 Speaker 1: got a little extra money, make it extra debt repayment. 337 00:15:55,800 --> 00:15:59,200 Speaker 1: We've spoken before about the impact that additional payments to 338 00:15:59,200 --> 00:16:01,520 Speaker 1: debt can make inteter of shaving down not only the 339 00:16:01,560 --> 00:16:03,520 Speaker 1: time that you have to pay off your debt, but 340 00:16:03,560 --> 00:16:05,520 Speaker 1: also the amount of interest that you pay, so you 341 00:16:05,520 --> 00:16:08,240 Speaker 1: could save yourself some cash. And we've said it before 342 00:16:08,280 --> 00:16:11,360 Speaker 1: on the pod. Paying off debt is an investment in itself, 343 00:16:11,520 --> 00:16:12,760 Speaker 1: so that's a good thing to do. 344 00:16:12,960 --> 00:16:15,880 Speaker 4: One thousand percent then go out and learn something new 345 00:16:15,960 --> 00:16:19,880 Speaker 4: about money. This ties back to point number one, I think. 346 00:16:19,960 --> 00:16:23,400 Speaker 4: But there's so many resources out there. There's podcasts as blogs, 347 00:16:23,440 --> 00:16:26,120 Speaker 4: there's TV shows, Now, money is everywhere, and I think 348 00:16:26,160 --> 00:16:29,040 Speaker 4: out it, taking the time to learn something new will 349 00:16:29,160 --> 00:16:32,840 Speaker 4: keep you engaged and excited as well as obviously educate 350 00:16:32,880 --> 00:16:33,280 Speaker 4: you further. 351 00:16:33,440 --> 00:16:36,040 Speaker 1: And I would recommend obviously going and listening to our 352 00:16:36,040 --> 00:16:38,640 Speaker 1: podcast which are already doing. But there are so many 353 00:16:38,680 --> 00:16:40,960 Speaker 1: things that we don't know about money. If you haven't 354 00:16:41,000 --> 00:16:43,200 Speaker 1: listened to other podcasts, go and check them out. My 355 00:16:43,280 --> 00:16:46,440 Speaker 1: Millennial Money. There's equity mats, there's girls that invest like. 356 00:16:46,640 --> 00:16:50,320 Speaker 1: There are so many people creating beautiful finance content that 357 00:16:50,440 --> 00:16:52,600 Speaker 1: I think that you guys will absolutely love. 358 00:16:52,800 --> 00:16:55,760 Speaker 4: Couldn't agree more. Next, I've got pay for services that 359 00:16:55,800 --> 00:16:58,320 Speaker 4: allow you to spend time doing things you love, and 360 00:16:58,360 --> 00:17:01,360 Speaker 4: remember your time is also where money. I think when 361 00:17:01,400 --> 00:17:03,320 Speaker 4: people think of financial self care a lot of the 362 00:17:03,360 --> 00:17:05,720 Speaker 4: time they go, how can I cut every cost in 363 00:17:05,800 --> 00:17:09,960 Speaker 4: my life that exists? But actually self care is about 364 00:17:10,000 --> 00:17:12,399 Speaker 4: putting yourself in a position where you're able to function 365 00:17:12,520 --> 00:17:16,240 Speaker 4: at your optimal level. So for someone who maybe you 366 00:17:16,280 --> 00:17:18,520 Speaker 4: don't like vacuum in the house, this is me. We 367 00:17:18,640 --> 00:17:21,399 Speaker 4: got a robot vacuum and it changed our lives. I 368 00:17:21,400 --> 00:17:23,000 Speaker 4: thought you were about to say you got a cleaner. 369 00:17:23,119 --> 00:17:26,040 Speaker 4: Oh no, I'm not. I was like, okay first, but 370 00:17:26,080 --> 00:17:28,800 Speaker 4: not that far, not for me anyway right now. But 371 00:17:28,960 --> 00:17:32,080 Speaker 4: you know that was a big financial outlay initially, but 372 00:17:32,280 --> 00:17:35,360 Speaker 4: worth every penny in my opinion, because it was something 373 00:17:35,400 --> 00:17:35,960 Speaker 4: I dreaded. 374 00:17:36,040 --> 00:17:38,240 Speaker 1: It was used to talk about it before we got it, 375 00:17:38,320 --> 00:17:40,520 Speaker 1: and you actually loathed that task. 376 00:17:40,640 --> 00:17:42,360 Speaker 4: Me and my boyfriend would fight about it. So take 377 00:17:42,400 --> 00:17:44,720 Speaker 4: something off your plate and don't feel guilty for doing that, 378 00:17:45,240 --> 00:17:47,119 Speaker 4: and off the back of that, pay for the things 379 00:17:47,119 --> 00:17:49,640 Speaker 4: that bring you joy. So it's not just about providing 380 00:17:49,640 --> 00:17:52,520 Speaker 4: yourself more time. It's also about if you really like 381 00:17:53,000 --> 00:17:55,919 Speaker 4: yoga and you find yourself feeling really stressed, pay for 382 00:17:55,920 --> 00:17:57,919 Speaker 4: a class. Yes, you can do it on YouTube, but 383 00:17:57,960 --> 00:18:01,080 Speaker 4: sometimes the action of putting yourself in that specific situation 384 00:18:01,280 --> 00:18:04,080 Speaker 4: or utilizing that specific servers helped to keep you on 385 00:18:04,160 --> 00:18:06,360 Speaker 4: track to your bigger long term goals. And I think 386 00:18:06,400 --> 00:18:07,879 Speaker 4: it's really important to value that. 387 00:18:08,000 --> 00:18:10,320 Speaker 1: Couldn't agree more. What else have you got? 388 00:18:10,480 --> 00:18:13,680 Speaker 4: Have a benefits research night if your employer. 389 00:18:13,440 --> 00:18:15,520 Speaker 1: A benefits research right, just. 390 00:18:16,359 --> 00:18:18,199 Speaker 4: I'm trying to make it sound more fun than it is. 391 00:18:18,240 --> 00:18:21,720 Speaker 4: That if your employer or your insurance fund offers benefits, 392 00:18:21,800 --> 00:18:24,520 Speaker 4: set yourself a date night to investigate these and figure 393 00:18:24,520 --> 00:18:27,000 Speaker 4: out where you can save yourself some money. A lot 394 00:18:27,000 --> 00:18:29,919 Speaker 4: of the time people aren't utilizing their insurances to the 395 00:18:29,920 --> 00:18:32,480 Speaker 4: fullest extent, which is what I talk about a lot. 396 00:18:32,840 --> 00:18:36,159 Speaker 4: Read your insurance policy. I found out, after like a 397 00:18:36,240 --> 00:18:38,320 Speaker 4: decade of paying for insurance that I could claim my 398 00:18:38,400 --> 00:18:39,879 Speaker 4: contact lenses. Did I know that? 399 00:18:40,280 --> 00:18:40,520 Speaker 2: I know? 400 00:18:40,640 --> 00:18:41,040 Speaker 1: You did it? 401 00:18:41,320 --> 00:18:43,040 Speaker 4: And so now I can claim two hundred bucks a 402 00:18:43,119 --> 00:18:45,159 Speaker 4: year towards my contact lenses. And it's going to be 403 00:18:45,160 --> 00:18:47,840 Speaker 4: different for everyone. But I think knowing your policies inside 404 00:18:47,880 --> 00:18:49,920 Speaker 4: and out help you, one to make sure that you're 405 00:18:49,920 --> 00:18:51,639 Speaker 4: getting the most bang for your buck. But two, it 406 00:18:51,760 --> 00:18:53,919 Speaker 4: means that if it is time to shop around, you 407 00:18:53,960 --> 00:18:55,400 Speaker 4: can compare apples for apples. 408 00:18:55,440 --> 00:18:57,399 Speaker 1: What are you recommending here? Are we having like a 409 00:18:57,440 --> 00:18:59,480 Speaker 1: little party where I do a cheese platter and you 410 00:18:59,520 --> 00:19:02,240 Speaker 1: bring them and we look at our insurance policy, get. 411 00:19:02,160 --> 00:19:06,640 Speaker 4: The girls together, our partner, make it fun to date. No, absolutely, 412 00:19:06,880 --> 00:19:08,840 Speaker 4: I guess kind of similar to that. But shop around 413 00:19:08,840 --> 00:19:11,720 Speaker 4: for insurance or any other big costs there on your life. 414 00:19:11,800 --> 00:19:14,720 Speaker 4: We always say it makes sense to every once in 415 00:19:14,720 --> 00:19:18,040 Speaker 4: a while compare what you're paying against current market rates, 416 00:19:18,119 --> 00:19:20,960 Speaker 4: because loyalty doesn't always pay off. 417 00:19:21,080 --> 00:19:24,000 Speaker 1: Un we've done the whole episodes on it. Being loyal 418 00:19:24,119 --> 00:19:27,159 Speaker 1: to a bank or insurer often doesn't pay off. And 419 00:19:27,200 --> 00:19:28,719 Speaker 1: you know what you should do. If you got your 420 00:19:28,720 --> 00:19:30,760 Speaker 1: annual notice, You're going to call them and ask for 421 00:19:30,800 --> 00:19:33,240 Speaker 1: a better deal and say that maybe I'll leave if 422 00:19:33,280 --> 00:19:35,400 Speaker 1: you don't give me a better deal. Nine times out 423 00:19:35,440 --> 00:19:37,880 Speaker 1: of ten, what are you gonna get, Jess a better deal? 424 00:19:38,119 --> 00:19:42,280 Speaker 1: Exactly use your leave entitlements at work. This is one 425 00:19:42,400 --> 00:19:46,879 Speaker 1: I am very passionate about, because by passionate she means 426 00:19:47,080 --> 00:19:47,760 Speaker 1: good at doing. 427 00:19:47,920 --> 00:19:51,800 Speaker 4: Absolutely, you have leave for a reason, and I think 428 00:19:51,920 --> 00:19:54,440 Speaker 4: pre pandemic. I have so many recollections of working in 429 00:19:54,520 --> 00:19:56,639 Speaker 4: corporate where I would work through the day when I 430 00:19:56,720 --> 00:19:59,119 Speaker 4: was sick, and you know, I feel like I do 431 00:19:59,200 --> 00:20:01,000 Speaker 4: not recommend it's got a little of a headache or 432 00:20:01,040 --> 00:20:02,520 Speaker 4: a little bit of a cold. It's not going to 433 00:20:02,520 --> 00:20:05,800 Speaker 4: impact my ability to do work. And then two weeks later, 434 00:20:05,840 --> 00:20:08,760 Speaker 4: I'm still sick because I haven't taken the time to heal. 435 00:20:09,240 --> 00:20:12,320 Speaker 4: That applies to sick leave, that applies to mental health leave, 436 00:20:12,440 --> 00:20:16,520 Speaker 4: personal leave. Those things exist for you to utilize them, 437 00:20:16,560 --> 00:20:19,119 Speaker 4: and it's important to give yourself a break when you 438 00:20:19,160 --> 00:20:21,879 Speaker 4: need it. Listen to your body and don't feel guilty, 439 00:20:21,920 --> 00:20:23,919 Speaker 4: because if your employer is making you feel bad for 440 00:20:23,960 --> 00:20:25,960 Speaker 4: taking leave, they're a jerk. 441 00:20:26,440 --> 00:20:30,080 Speaker 1: They're a jerk. Like turn do you many hear first? 442 00:20:30,119 --> 00:20:32,479 Speaker 1: If she's on the Money, Jess reckons your boss who 443 00:20:32,520 --> 00:20:34,679 Speaker 1: won't let you take leave is a jerk. 444 00:20:34,440 --> 00:20:36,480 Speaker 4: And you can tell them. I said that. I listen 445 00:20:36,520 --> 00:20:38,320 Speaker 4: back to our episode that G and V did all 446 00:20:38,359 --> 00:20:41,400 Speaker 4: about employee rights, because I think there is so much 447 00:20:41,440 --> 00:20:44,080 Speaker 4: gold in that episode and it really plays into your 448 00:20:44,119 --> 00:20:45,400 Speaker 4: ability to look after yourself. 449 00:20:45,440 --> 00:20:48,720 Speaker 1: It's hilarious how many people DMed me after that episode 450 00:20:48,720 --> 00:20:50,560 Speaker 1: to let me know that their bosses were douches. It 451 00:20:50,600 --> 00:20:53,040 Speaker 1: was really good, I mean not good for them, but 452 00:20:53,160 --> 00:20:55,520 Speaker 1: good for my soul knowing that it didn't fall on 453 00:20:55,600 --> 00:20:56,159 Speaker 1: deaf ears. 454 00:20:56,680 --> 00:20:59,120 Speaker 4: Next on my list is add five bucks into your 455 00:20:59,119 --> 00:21:01,960 Speaker 4: investment account good tea. I think so future you can 456 00:21:02,000 --> 00:21:04,480 Speaker 4: have the chance of earning a little compound interest. You 457 00:21:04,520 --> 00:21:07,280 Speaker 4: can have a play with the market. Five dollars is 458 00:21:07,320 --> 00:21:09,320 Speaker 4: not you know, if you've got ten dollars even better. 459 00:21:09,600 --> 00:21:11,840 Speaker 4: But if you have a little spare change rattling around 460 00:21:11,840 --> 00:21:13,239 Speaker 4: and you want to have a play, I think it's 461 00:21:13,280 --> 00:21:15,520 Speaker 4: a really good opportunity to learn about the market. And 462 00:21:15,560 --> 00:21:17,800 Speaker 4: also potentially put future in a good position. 463 00:21:17,840 --> 00:21:20,080 Speaker 1: From little things, big things grow. And I think that 464 00:21:20,119 --> 00:21:23,280 Speaker 1: there is this massive misconception Jess that you always need 465 00:21:23,320 --> 00:21:26,440 Speaker 1: to start investing with massive amounts of money, and historically, 466 00:21:26,520 --> 00:21:29,200 Speaker 1: like ten years ago, you did because there were minimums 467 00:21:29,200 --> 00:21:31,560 Speaker 1: that you needed to meet when investing. But as you know, 468 00:21:31,760 --> 00:21:33,480 Speaker 1: we talk about them all the time on the show. 469 00:21:33,600 --> 00:21:36,280 Speaker 1: This is not a sponsored mention. It's just a good mention. 470 00:21:36,680 --> 00:21:39,120 Speaker 1: Our friend's chares is invest with as little as one 471 00:21:39,200 --> 00:21:40,560 Speaker 1: cent money win. 472 00:21:40,520 --> 00:21:42,680 Speaker 4: Five dollars goes a long way when you're investing one 473 00:21:42,720 --> 00:21:45,240 Speaker 4: cent increments. So I love that, but play learn a 474 00:21:45,240 --> 00:21:46,080 Speaker 4: little bit about. 475 00:21:45,840 --> 00:21:48,040 Speaker 1: It goes a long way, Jess. I'm giving you one 476 00:21:48,119 --> 00:21:50,240 Speaker 1: last point before and try and wrap the show because 477 00:21:50,240 --> 00:21:52,199 Speaker 1: I feel like this has gone on and on, so 478 00:21:52,320 --> 00:21:53,040 Speaker 1: what have you got. 479 00:21:53,240 --> 00:21:55,960 Speaker 4: My last tip is don't be afraid to get help 480 00:21:56,080 --> 00:21:58,600 Speaker 4: from a professional. And I feel like people are going 481 00:21:58,640 --> 00:21:59,640 Speaker 4: to listen to that and be like, oh my god, 482 00:21:59,640 --> 00:22:02,760 Speaker 4: do I need say a psychologists not lame? 483 00:22:02,920 --> 00:22:03,359 Speaker 2: I heard it. 484 00:22:03,880 --> 00:22:05,439 Speaker 1: I was like, this is the lame point. 485 00:22:05,720 --> 00:22:08,680 Speaker 4: No, Like, yes, absolutely important. But I think a lot 486 00:22:08,720 --> 00:22:11,199 Speaker 4: of the time, as humans, and maybe it's just me, 487 00:22:11,680 --> 00:22:14,399 Speaker 4: we try and do things by ourselves for too long, 488 00:22:14,640 --> 00:22:17,399 Speaker 4: and whether you need to speak to a financial professional, 489 00:22:17,720 --> 00:22:19,840 Speaker 4: whether you need to speak to someone to give you 490 00:22:19,880 --> 00:22:24,040 Speaker 4: clarity around your goals. Speaking to professionals in their industry 491 00:22:24,240 --> 00:22:26,880 Speaker 4: is really important because they are experts in a thing 492 00:22:27,000 --> 00:22:28,840 Speaker 4: that you are not. They have spent their lives or 493 00:22:28,880 --> 00:22:34,520 Speaker 4: their careers culminating knowledge that isn't necessarily readily accessible to everybody. 494 00:22:34,560 --> 00:22:37,040 Speaker 4: And sometimes it's super helpful to have someone give you 495 00:22:37,080 --> 00:22:40,080 Speaker 4: a different perspective on things, whether that's your physical health, 496 00:22:40,080 --> 00:22:43,160 Speaker 4: whether that's your mental health, whether that's your financial health. 497 00:22:43,480 --> 00:22:46,040 Speaker 4: Talking to an expert I think can really help to 498 00:22:46,040 --> 00:22:48,359 Speaker 4: put things in perspective and take a little bit of 499 00:22:48,359 --> 00:22:50,600 Speaker 4: a load off of your shoulders. And I would really 500 00:22:50,680 --> 00:22:53,440 Speaker 4: encourage people to do it sooner rather than later. Don't 501 00:22:53,440 --> 00:22:56,200 Speaker 4: make it a response to you falling into a heat 502 00:22:56,240 --> 00:22:58,159 Speaker 4: because you're having a mental breakdown because you went on 503 00:22:58,240 --> 00:23:02,119 Speaker 4: by yourself too long. Early, check in, see how you're doing, 504 00:23:02,520 --> 00:23:05,119 Speaker 4: and make your life a little bit easier too true. 505 00:23:05,320 --> 00:23:07,960 Speaker 1: All right, Well that is all we have time for today, 506 00:23:08,000 --> 00:23:10,119 Speaker 1: my friends. Thank you, Jess. I feel like that was 507 00:23:10,160 --> 00:23:12,120 Speaker 1: actually a really good episode. It was just like, here 508 00:23:12,119 --> 00:23:13,959 Speaker 1: are a whole heap of points that you can and 509 00:23:14,040 --> 00:23:15,919 Speaker 1: will implement, and if you do, you'll be in a 510 00:23:15,920 --> 00:23:18,240 Speaker 1: better position, which I love. We should do more episodes 511 00:23:18,320 --> 00:23:27,399 Speaker 1: like this more often. See One Friday Guys Bye. The 512 00:23:27,440 --> 00:23:30,000 Speaker 1: advice shared on She's on the Money is general in 513 00:23:30,119 --> 00:23:33,879 Speaker 1: nature and does not consider your individual circumstances. She's on 514 00:23:33,960 --> 00:23:37,439 Speaker 1: the Money exists purely for educational purposes and should not 515 00:23:37,480 --> 00:23:40,480 Speaker 1: be relied upon to make an investment or financial decision. 516 00:23:40,880 --> 00:23:43,320 Speaker 1: If you do choose to buy a financial product, read 517 00:23:43,359 --> 00:23:47,480 Speaker 1: the PDS TMD and obtain appropriate financial advice tailored towards 518 00:23:47,520 --> 00:23:50,800 Speaker 1: your needs. Victoria Divine and She's on the Money are 519 00:23:50,840 --> 00:23:55,880 Speaker 1: authorized representatives of Money SHERPA pty Ltd, ABN three two 520 00:23:55,920 --> 00:23:58,920 Speaker 1: one IS six four nine two seven seven zero eight 521 00:23:59,200 --> 00:24:06,639 Speaker 1: AFSL four five one two eight nine