Speaker 1: Hello.
Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud your the
Speaker 2: Order Kerni Whalbury and a waddery woman. And before we
Speaker 2: get started on She's on the Money podcast, I would
Speaker 2: like to acknowledge the traditional custodians of the land of
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
Speaker 2: the elders, the ancestors and the next generation coming through
Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
Speaker 2: the storytelling of you to make a difference for today
Speaker 2: and lasting impact for tomorrow.
Speaker 1: Let's get into it.
Speaker 3: She's on the Money, She's on the Money, Hello, and
Speaker 3: welcome to She's I'm the Money podcast. Millennials who want
Speaker 3: financial freedom. Now we know how vital it is to
Speaker 3: care for our health and wellbeing, and we're hopefully across
Speaker 3: the importance of caring for our mental health. But financial
Speaker 3: self care. What does that look like? My name is
Speaker 3: Jessica Ricky, and today we're gonna talk all about it,
Speaker 3: of course, with everyone's favorite finance expert, Victoria Devine.
Speaker 1: Finance expert sounds bougie, I reckon, I know, I thought
Speaker 1: you'd lack that way fancy gal finance expert or self
Speaker 1: care genius, like I'm so good at self care. So
Speaker 1: we've done an entire episode about how self care is
Speaker 1: important basically to me. So that's where we're at. But
Speaker 1: financial self care is, from my perspective, a very underdiscussed topic,
Speaker 1: but one I hope is not totally new to our community.
Speaker 1: Because self care, or specifically financial self care, is what
Speaker 1: she is on the money is all about. And I
Speaker 1: hope this episode is a good and practical little reminder
Speaker 1: and reframer for us all. And if it's a new
Speaker 1: concept to you, then welcome to it. My friend. I'm
Speaker 1: excited that you're discovering this with us.
Speaker 3: I'm really excited too. So let's start at the beginning
Speaker 3: and define self care. It's putting yourself first, even when
Speaker 3: you don't want to right. It takes on heaps of
Speaker 3: different forms. It could look like anything from setting your
Speaker 3: alarm that a little bit earlier to go to the
Speaker 3: gym no, thank you, so no from me, or sleeping
Speaker 3: in when you had planned to be at the gym.
Speaker 3: Yes from me, same for me. It could be saying
Speaker 3: no and setting an important boundary yes for me, or
Speaker 3: prioritizing some social or alone time for my fellow introverts.
Speaker 3: That's where it's at. But ultimately, it's all about being
Speaker 3: centered and in touch with what you need as opposed
Speaker 3: to what you want in the moment, and looking after
Speaker 3: your future.
Speaker 1: Self or about putting future you first, which actually is
Speaker 1: on the money is the person that we are always
Speaker 1: working for. And Jess, as you know, it's not just
Speaker 1: a piece of chocolate cake or an early night in bed.
Speaker 1: It's kind of like self parenting. You're doing the right
Speaker 1: thing for future you even when you just don't feel
Speaker 1: like it. So the exact same principles of normal self
Speaker 1: care applied to financial self care. When you first start
Speaker 1: on this journey, it can feel like a lot, and
Speaker 1: I totally get it. Financial self care from my perspective,
Speaker 1: is a bit like a muscle and you need to
Speaker 1: train it and build strength. It's a massive shift in mindset,
Speaker 1: but it's one of those things that won't go away
Speaker 1: if you bury your head in the sand, just like
Speaker 1: you wouldn't do with actual health concerns. Right, she's on
Speaker 1: the money. It literally exists for this mission, So do
Speaker 1: not worry. We are here to guide you through a
Speaker 1: few tips today. So that you can get on your
Speaker 1: journey or encourage you belong wherever that might be. Today
Speaker 1: we are doing a massive vibe check and we will
Speaker 1: be giving you some really easy ideas to get you
Speaker 1: started with your own financial self care journey.
Speaker 3: All right, let's talk about some broader ideas to help
Speaker 3: us get into the mindset for financial self care, and
Speaker 3: after the break we'll go into some more specific practical tips.
Speaker 3: I like that format me too. So there's two big
Speaker 3: things that we say all the time on the show.
Speaker 3: V is to check your personal values and to keep
Speaker 3: things sustainable for ourselves that.
Speaker 1: We do as women, Jess, we stereotypically have been patronized
Speaker 1: for literally all of our wants, while also the economy
Speaker 1: relies on it. And speaking in gender stereotypes, Jess, once
Speaker 1: that are unquestioned for men are frivolous money sinks for women.
Speaker 1: We see it all the damn time. I'm not saying
Speaker 1: that we should use this as an excuse for a
Speaker 1: shopping spree or anything like that, but I do want
Speaker 1: you to cut out the external noise from popular culture, friends, family,
Speaker 1: or even your partner and go into yourself. What is
Speaker 1: it that you need to do to keep on track
Speaker 1: with your personal financial goals, but also nurture yourself. Jess,
Speaker 1: I want to know, throwing you straight under the bus here,
Speaker 1: what is an example of this for you, Something that
Speaker 1: you could happily go without and something that you want
Speaker 1: to prioritize.
Speaker 3: I feel like in terms of like everyday people like,
Speaker 3: I'm pretty happy to go without buying a coffee in
Speaker 3: the morning. I wouldn't necessarily get a hot chocolate every
Speaker 3: morning or smoothie every morning. Like, it's just not a
Speaker 3: part of my morning routine that I feel like I
Speaker 3: need to include.
Speaker 1: Yeah, good luck prying a coffee from my cold dead hands.
Speaker 3: Absolutely. Whereas for me, it's a little bit more important
Speaker 3: to prioritize allowing myself money to spend on myself. Like
Speaker 3: I have said before, I really like clothes. It's a
Speaker 3: form of self expression for me. And so within my budget,
Speaker 3: I have an allocation every month to allow myself to
Speaker 3: spend on clothes, whether that's at the store or whether
Speaker 3: that's things that I buy secondhand online.
Speaker 1: I will have it in your budget.
Speaker 3: Yeah that's important to you, Yeah, absolutely, Like that's just
Speaker 3: what's important to me, And I know I have friends
Speaker 3: who couldn't care less. They buy clothes once a year
Speaker 3: if that, and that's what they like. But it's something
Speaker 3: that's important to me, and so I really try to
Speaker 3: make an effort to prioritize it in a way that
Speaker 3: I don't have to feel guilty about spending.
Speaker 1: Yeah fair, And I feel like that's really relatable because
Speaker 1: to me that makes sense. But I also have those
Speaker 1: friends that are like, oh, I could not be bothered
Speaker 1: shopping every month, and I'm like, what, I love it.
Speaker 1: It's my favorite, all right, Jess. This next example kind
Speaker 1: of goes together with the previous point. So we've spoken
Speaker 1: about practicing mindfulness and gratefulness, but I also think it's
Speaker 1: really important to understand your privilege.
Speaker 3: That's so true. I feel like in twenty twenty two,
Speaker 3: with how connected we are, but Instagram comparison culture is
Speaker 3: just insane. I find myself doing it and I recognize
Speaker 3: that I'm in a totally privileged position. And I think
Speaker 3: a lot of us are probably in the same boat.
Speaker 3: Where we see somebody else with something that's really new,
Speaker 3: or we see someone on a holiday. And we've spoken
Speaker 3: before about how a lot of the time you don't
Speaker 3: see how those people who are living those lives are
Speaker 3: going into dead or you know, doing everything that they
Speaker 3: can to keep up with the joneses, and it becomes
Speaker 3: a bit of an unhealthy cycle where we're watching and
Speaker 3: then consuming to keep up, and then watching and then consuming,
Speaker 3: and it's really really difficult. So I think you're totally
Speaker 3: right that taking a step back, reminding ourselves how fortunate
Speaker 3: we are and how good we actually have it, and
Speaker 3: how so many of those things that in the moment
Speaker 3: seem like total needs are actually just really nice things
Speaker 3: to have and things that we absolutely can live without,
Speaker 3: is really.
Speaker 1: Exactly And I find it an interesting mindset when people
Speaker 1: are like, oh, but I deserve to go on a holiday.
Speaker 1: You go, yeah, of course, but those things come with
Speaker 1: a level of compromise, like you can't have your cake
Speaker 1: and eat it too. And I think that, you know,
Speaker 1: when I say we need to understand our privilege. We
Speaker 1: can't just assume that we deserve a holiday every single year, like, yeah,
Speaker 1: that's an absolute privilege. But it's kind of like, well,
Speaker 1: is that actually at the cost of our financial wellbeing
Speaker 1: long term? If so, how do we frame that so
Speaker 1: that we can kind of have our cake and eat
Speaker 1: it too. But it might be over a longer time frame,
Speaker 1: because so many times people will be like, oh, yeah,
Speaker 1: but I travel overseas every year, and you're like, oh, okay.
Speaker 1: Like and when I was working as a financial advisor,
Speaker 1: I used to find it really hard because people would
Speaker 1: be like, oh yeah, but like we go on a
Speaker 1: holiday every single year overseas, and I'd sit down and
Speaker 1: look at their financial circumstances and be like, I don't
Speaker 1: mean to burst your bubble, but at the end of
Speaker 1: the day, like, that's actually not feasible given the financial
Speaker 1: goals you've set for yourself and wanting to buy house
Speaker 1: and wanting to put yourself in the best possible position, Like,
Speaker 1: that's actually detrimental. So how do we find that balance?
Speaker 1: And I think that by understanding our privilege and kind
Speaker 1: of checking that and being like, all right, well where
Speaker 1: are we at can actually put us in the best
Speaker 1: possible position because it means that we're always really aware
Speaker 1: of exactly where we stand, not just going oh, but
Speaker 1: everybody else does it, which means I should too. All right,
Speaker 1: moving along, I want you to all remember that working
Speaker 1: hard should put your head not behind, which I think
Speaker 1: is an interesting concept because just how many times and
Speaker 1: I don't know if this is a personal attack or not.
Speaker 1: I'm not meaning it that way. Have you been like?
Speaker 1: All right, well, if I work extra hard and do
Speaker 1: this over time, I can then afford a new pair
Speaker 1: of shoes, or I can then afford this other thing,
Speaker 1: or I can take myself out for dinner, or I
Speaker 1: can you know, buy ten more espresso martinis for my
Speaker 1: girlfriends and I to relax. I genuinely think that when
Speaker 1: we are working really hard, we should be putting ourselves
Speaker 1: financially ahead so that we are in a better position
Speaker 1: than we were when we started. So if that means
Speaker 1: that that cash goes to paying off some debt or
Speaker 1: putting it straight into your emergency fund to build that up,
Speaker 1: or investing it or saving it, I just genuinely think
Speaker 1: if you're going above and beyond for work and time
Speaker 1: time and trading your time for money, we shouldn't be
Speaker 1: trading that for physical things that in the short term
Speaker 1: make us happy, but in the long term don't put
Speaker 1: us ahead financially.
Speaker 3: Great point, V. What else have you got for me?
Speaker 1: All right? So, just like in exercise, routine and habit
Speaker 1: is your friend in saying that when it comes to exercise.
Speaker 1: I absolutely haven't got this mastered, but I've heard it's
Speaker 1: a really good thing too. Master. But practicing financial self
Speaker 1: care means developing habits that work for you and reflect
Speaker 1: what you're trying to achieve with your money. Those habits
Speaker 1: can look very different for very different people, and what's
Speaker 1: most important is consistency and practicing them in the long term.
Speaker 3: Jess, Yeah, amazing. I think those are all really great points.
Speaker 3: Let's dash to a really quick break, and then when
Speaker 3: we come back, I want to get into some really
Speaker 3: specific tips, So don't go anywhere, alrighty, straight back into it, V.
Speaker 3: Let's get into some practical tips for financial self care.
Speaker 1: I've been giving practical tips this entire episode, Miss Jessicata
Speaker 1: each absolutely, but I think now let's talk about some
Speaker 1: really implementable steps that I could go home right now
Speaker 1: and go all right, here's my little checklist of things
Speaker 1: that I can do to know that I'm hopefully putting myself.
Speaker 3: In a position where I'm going to be looking after myself.
Speaker 1: All right, So first things first, Just my favorite thing
Speaker 1: is writing a list and then putting things on the
Speaker 1: list that I've already done because it makes me feel accomplished.
Speaker 1: So the first thing to do is listen to the
Speaker 1: She's on the Money podcast.
Speaker 3: You've done it, yeah.
Speaker 1: And the second step of that first point is to
Speaker 1: actually join our Facebook group. So many of you haven't
Speaker 1: joined the Facebook group, and I know you haven't because
Speaker 1: I know there's more than a million listeners of this podcast,
Speaker 1: but there's only two hundred and forty thousand people in
Speaker 1: the Facebook group. Those numbers don't make sense. So go
Speaker 1: ahead and join the Facebook group. It is free, and
Speaker 1: the community shares money tips and tricks literally every single day,
Speaker 1: free of judgment. Search Shees on the Money on Facebook
Speaker 1: and join us the next my friend. Again, it's free
Speaker 1: because I put a free budget on our website. You're
Speaker 1: going to go create a budget so that you can
Speaker 1: be really on top of every single dollar that comes
Speaker 1: into your account and every single dollar that goes out,
Speaker 1: so that we're just aware. That's a very big step
Speaker 1: when it comes to financial self care. The third is
Speaker 1: my favorite, and if you listen to the first season
Speaker 1: of Shees on the Money, you really know how to
Speaker 1: do this. But you're going to check your bank transactions
Speaker 1: and your supranuation account. While you're at it, You're going
Speaker 1: to go get a free credit report to make sure
Speaker 1: there's nothing suspicious on there.
Speaker 3: That's such a good tip. We have so many people
Speaker 3: tell us that they had no idea that they could
Speaker 3: check their credit port really easily. We've had people say
Speaker 3: that they found out that they were being defrauded and
Speaker 3: all kinds of other things.
Speaker 1: So hopefully nothing dramatic. But these are all free, So
Speaker 1: that is a money win if I've ever seen one.
Speaker 1: The next is look for trends in your spending from
Speaker 1: the last month. So you've done your budget, you've had
Speaker 1: to look at your banking transactions. I want you to
Speaker 1: see what types of trends exist. You might notice habits
Speaker 1: that are forming that you didn't even notice and that
Speaker 1: might not actually align to your core values. So, jess,
Speaker 1: if you found a trend in your space from the
Speaker 1: last month of maybe buying one too many drinks at
Speaker 1: cough Starbuck haha, that didn't exist before, and you know
Speaker 1: that buying drinks actually doesn't align to your cash flow
Speaker 1: and budget goals, maybe now is the time to nip
Speaker 1: that one in the bud before it gets out of control.
Speaker 1: I say, Starbucks, jes, because you and I have found
Speaker 1: a new love for the art. What is it the
Speaker 1: strawberry sie refresher Ten out of ten recommend bit expensive,
Speaker 1: but we hear for it. The next thing is put
Speaker 1: your bills on auto pay to avoid any late fees,
Speaker 1: but do check on your bills. So a lot of
Speaker 1: people will say to me, oh, Victoria, I don't direct
Speaker 1: debit my bills because I want to check them every month.
Speaker 1: You absolutely can, but there's a lot of power on
Speaker 1: having it direct debited, as well as staying on top
Speaker 1: of it, because it means that it is absolutely going
Speaker 1: to happen on time, because sometimes life gets away from us.
Speaker 1: The next thing really boring, but we are going to
Speaker 1: find and cancel reoccurring charges for things that we are
Speaker 1: not using. The same with the count fee, So I
Speaker 1: want you to know what you are paying for and
Speaker 1: be sure that you can't get this free for somewhere else. Guys,
Speaker 1: it is twenty twenty two. We don't pay for bank
Speaker 1: fees in twenty twenty two. There are too many free
Speaker 1: options out there, and when you check your banking transactions,
Speaker 1: you would have been able to see if there are
Speaker 1: any reoccurring charges for things that you aren't using, highlight them,
Speaker 1: get rid of them. And another hot tip which I
Speaker 1: think have I shared this on Friday Drinks. We're going
Speaker 1: to share it in a deep dive episode because I
Speaker 1: know not everyone listens to it. If you have an iPhone,
Speaker 1: you can go to your settings. You can then hit
Speaker 1: on your Apple id iCloud Media and Purchases, which is
Speaker 1: at the very top, and hit subscriptions and it will
Speaker 1: show you every single subscription that you have that you're
Speaker 1: not using. Just remember the time we went to France
Speaker 1: and I went and got my Duolingo subscription.
Speaker 3: Haha.
Speaker 1: Yeah, we're going to get rid of that because I
Speaker 1: have not been using that and I did not commit
Speaker 1: to learning a new language in the way that I
Speaker 1: thought I would. I mean they tried, I failed. Didu
Speaker 1: elinga al appreciates your service? Do they do? But I'm
Speaker 1: going to cancel my subscription because that is money that
Speaker 1: I don't need to be spending. The seventh thing I
Speaker 1: have on this list, Jess, which arguably should have been
Speaker 1: number one, is start an emergency fund. If you do
Speaker 1: not have an emergency fund yet, you need to create one.
Speaker 1: That is your f you fund. It is going to
Speaker 1: get you out of any circumstance relationship, situation, job, or
Speaker 1: place that you do not want to be, and I
Speaker 1: promise it will become one of your superpowers. An emergency
Speaker 1: fund is the most powerful thing that you can do
Speaker 1: for your financial future. And if we're talking about financial
Speaker 1: self care, I can't think of anything that is more
Speaker 1: financial self care than an emergency fund. Agreed, Next is
Speaker 1: set some money and career intentions. Go, do a little journal,
Speaker 1: pull yourself a nice cup of tea or, if you're
Speaker 1: like me, a very nice class of red wine. Write
Speaker 1: them down and prioritize them. This includes asking for a
Speaker 1: pay rise and coming up with the evidence if you
Speaker 1: believe you deserve one. Then next, as I said before,
Speaker 1: journaling can be really powerful. Journal about how each of
Speaker 1: your financial goals connect to your core values. I know
Speaker 1: that can sound really lame, but please give it a crack.
Speaker 1: It will make you feel so much more in touch
Speaker 1: with everything that is going on in your financial world.
Speaker 1: This can be really helpful, especially when your goals are
Speaker 1: feeling a little bit abstract or difficult, or you're finding
Speaker 1: it hard to focus and clarify your financial goals. It'll
Speaker 1: make making choices on a day to day basis so
Speaker 1: much easier, I promise if you have one, talk to
Speaker 1: your partner about finances, Jess, have a chat, have a
Speaker 1: money chat. Maybe you share some financial responsibilities, or you
Speaker 1: might keep your finances separate. It doesn't matter, but have
Speaker 1: a money conversation with your partner. However you manage things.
Speaker 1: It is good to be on the same page when
Speaker 1: it comes to long term financial goals. Now, Jess, I
Speaker 1: can see you've got a few written down. I'm sure
Speaker 1: we have some that overlap. But what else have you
Speaker 1: got to share? Absolutely, I did my homework. If you've
Speaker 1: got a little extra money, make it extra debt repayment.
Speaker 1: We've spoken before about the impact that additional payments to
Speaker 1: debt can make inteter of shaving down not only the
Speaker 1: time that you have to pay off your debt, but
Speaker 1: also the amount of interest that you pay, so you
Speaker 1: could save yourself some cash. And we've said it before
Speaker 1: on the pod. Paying off debt is an investment in itself,
Speaker 1: so that's a good thing to do.
Speaker 3: One thousand percent then go out and learn something new
Speaker 3: about money. This ties back to point number one, I think.
Speaker 3: But there's so many resources out there. There's podcasts as blogs,
Speaker 3: there's TV shows, Now, money is everywhere, and I think
Speaker 3: out it, taking the time to learn something new will
Speaker 3: keep you engaged and excited as well as obviously educate
Speaker 3: you further.
Speaker 1: And I would recommend obviously going and listening to our
Speaker 1: podcast which are already doing. But there are so many
Speaker 1: things that we don't know about money. If you haven't
Speaker 1: listened to other podcasts, go and check them out. My
Speaker 1: Millennial Money. There's equity mats, there's girls that invest like.
Speaker 1: There are so many people creating beautiful finance content that
Speaker 1: I think that you guys will absolutely love.
Speaker 3: Couldn't agree more. Next, I've got pay for services that
Speaker 3: allow you to spend time doing things you love, and
Speaker 3: remember your time is also where money. I think when
Speaker 3: people think of financial self care a lot of the
Speaker 3: time they go, how can I cut every cost in
Speaker 3: my life that exists? But actually self care is about
Speaker 3: putting yourself in a position where you're able to function
Speaker 3: at your optimal level. So for someone who maybe you
Speaker 3: don't like vacuum in the house, this is me. We
Speaker 3: got a robot vacuum and it changed our lives. I
Speaker 3: thought you were about to say you got a cleaner.
Speaker 3: Oh no, I'm not. I was like, okay first, but
Speaker 3: not that far, not for me anyway right now. But
Speaker 3: you know that was a big financial outlay initially, but
Speaker 3: worth every penny in my opinion, because it was something
Speaker 3: I dreaded.
Speaker 1: It was used to talk about it before we got it,
Speaker 1: and you actually loathed that task.
Speaker 3: Me and my boyfriend would fight about it. So take
Speaker 3: something off your plate and don't feel guilty for doing that,
Speaker 3: and off the back of that, pay for the things
Speaker 3: that bring you joy. So it's not just about providing
Speaker 3: yourself more time. It's also about if you really like
Speaker 3: yoga and you find yourself feeling really stressed, pay for
Speaker 3: a class. Yes, you can do it on YouTube, but
Speaker 3: sometimes the action of putting yourself in that specific situation
Speaker 3: or utilizing that specific servers helped to keep you on
Speaker 3: track to your bigger long term goals. And I think
Speaker 3: it's really important to value that.
Speaker 1: Couldn't agree more. What else have you got?
Speaker 3: Have a benefits research night if your employer.
Speaker 1: A benefits research right, just.
Speaker 3: I'm trying to make it sound more fun than it is.
Speaker 3: That if your employer or your insurance fund offers benefits,
Speaker 3: set yourself a date night to investigate these and figure
Speaker 3: out where you can save yourself some money. A lot
Speaker 3: of the time people aren't utilizing their insurances to the
Speaker 3: fullest extent, which is what I talk about a lot.
Speaker 3: Read your insurance policy. I found out, after like a
Speaker 3: decade of paying for insurance that I could claim my
Speaker 3: contact lenses. Did I know that?
Speaker 2: I know?
Speaker 1: You did it?
Speaker 3: And so now I can claim two hundred bucks a
Speaker 3: year towards my contact lenses. And it's going to be
Speaker 3: different for everyone. But I think knowing your policies inside
Speaker 3: and out help you, one to make sure that you're
Speaker 3: getting the most bang for your buck. But two, it
Speaker 3: means that if it is time to shop around, you
Speaker 3: can compare apples for apples.
Speaker 1: What are you recommending here? Are we having like a
Speaker 1: little party where I do a cheese platter and you
Speaker 1: bring them and we look at our insurance policy, get.
Speaker 3: The girls together, our partner, make it fun to date. No, absolutely,
Speaker 3: I guess kind of similar to that. But shop around
Speaker 3: for insurance or any other big costs there on your life.
Speaker 3: We always say it makes sense to every once in
Speaker 3: a while compare what you're paying against current market rates,
Speaker 3: because loyalty doesn't always pay off.
Speaker 1: Un we've done the whole episodes on it. Being loyal
Speaker 1: to a bank or insurer often doesn't pay off. And
Speaker 1: you know what you should do. If you got your
Speaker 1: annual notice, You're going to call them and ask for
Speaker 1: a better deal and say that maybe I'll leave if
Speaker 1: you don't give me a better deal. Nine times out
Speaker 1: of ten, what are you gonna get, Jess a better deal?
Speaker 1: Exactly use your leave entitlements at work. This is one
Speaker 1: I am very passionate about, because by passionate she means
Speaker 1: good at doing.
Speaker 3: Absolutely, you have leave for a reason, and I think
Speaker 3: pre pandemic. I have so many recollections of working in
Speaker 3: corporate where I would work through the day when I
Speaker 3: was sick, and you know, I feel like I do
Speaker 3: not recommend it's got a little of a headache or
Speaker 3: a little bit of a cold. It's not going to
Speaker 3: impact my ability to do work. And then two weeks later,
Speaker 3: I'm still sick because I haven't taken the time to heal.
Speaker 3: That applies to sick leave, that applies to mental health leave,
Speaker 3: personal leave. Those things exist for you to utilize them,
Speaker 3: and it's important to give yourself a break when you
Speaker 3: need it. Listen to your body and don't feel guilty,
Speaker 3: because if your employer is making you feel bad for
Speaker 3: taking leave, they're a jerk.
Speaker 1: They're a jerk. Like turn do you many hear first?
Speaker 1: If she's on the Money, Jess reckons your boss who
Speaker 1: won't let you take leave is a jerk.
Speaker 3: And you can tell them. I said that. I listen
Speaker 3: back to our episode that G and V did all
Speaker 3: about employee rights, because I think there is so much
Speaker 3: gold in that episode and it really plays into your
Speaker 3: ability to look after yourself.
Speaker 1: It's hilarious how many people DMed me after that episode
Speaker 1: to let me know that their bosses were douches. It
Speaker 1: was really good, I mean not good for them, but
Speaker 1: good for my soul knowing that it didn't fall on
Speaker 1: deaf ears.
Speaker 3: Next on my list is add five bucks into your
Speaker 3: investment account good tier, I think so future you can
Speaker 3: have the chance of earning a little compound interest. You
Speaker 3: can have a play with the market. Five dollars is
Speaker 3: not you know, if you've got ten dollars even better.
Speaker 3: But if you have a little spare change rattling around
Speaker 3: and you want to have a play, I think it's
Speaker 3: a really good opportunity to learn about the market and
Speaker 3: also potentially put future in a good position.
Speaker 1: From little things, big things grow. And I think that
Speaker 1: there is this massive misconception Jess that you always need
Speaker 1: to start investing with massive amounts of money, and historically,
Speaker 1: like ten years ago, you did because there were minimums
Speaker 1: that you needed to meet when investing. But as you know,
Speaker 1: we talk about them all the time on the show.
Speaker 1: This is not a sponsored mention. It's just a good mention.
Speaker 1: Our friend's chares is invest with as little as one
Speaker 1: cent money win.
Speaker 3: Five dollars goes a long way when you're investing one
Speaker 3: cent increments. So I love that, but play learn a
Speaker 3: little bit about.
Speaker 1: It goes a long way, Jess. I'm giving you one
Speaker 1: last point before and try and wrap the show because
Speaker 1: I feel like this has gone on and on, so
Speaker 1: what have you got.
Speaker 3: My last tip is don't be afraid to get help
Speaker 3: from a professional. And I feel like people are going
Speaker 3: to listen to that and be like, oh my god,
Speaker 3: do I need say a psychologists not lame? I heard it.
Speaker 1: I was like, this is the lame point.
Speaker 3: No, Like, yes, absolutely important. But I think a lot
Speaker 3: of the time, as humans, and maybe it's just me,
Speaker 3: we try and do things by ourselves for too long,
Speaker 3: and whether you need to speak to a financial professional,
Speaker 3: whether you need to speak to someone to give you
Speaker 3: clarity around your goals. Speaking to professionals in their industry
Speaker 3: is really important because they are experts in a thing
Speaker 3: that you are not. They have spent their lives or
Speaker 3: their careers culminating knowledge that isn't necessarily readily accessible to everybody.
Speaker 3: And sometimes it's super helpful to have someone give you
Speaker 3: a different perspective on things, whether that's your physical health,
Speaker 3: whether that's your mental health, whether that's your financial health.
Speaker 3: Talking to an expert I think can really help to
Speaker 3: put things in perspective and take a little bit of
Speaker 3: a load off of your shoulders. And I would really
Speaker 3: encourage people to do it sooner rather than later. Don't
Speaker 3: make it a response to you falling into a heat
Speaker 3: because you're having a mental breakdown because you went on
Speaker 3: by yourself too long. Early, check in, see how you're doing,
Speaker 3: and make your life a little bit easier too true.
Speaker 1: All right, Well that is all we have time for today,
Speaker 1: my friends. Thank you, Jess. I feel like that was
Speaker 1: actually a really good episode. It was just like, here
Speaker 1: are a whole heap of points that you can and
Speaker 1: will implement, and if you do, you'll be in a
Speaker 1: better position, which I love. We should do more episodes
Speaker 1: like this more often. See One Friday Guys Bye. The
Speaker 1: advice shared on She's on the Money is general in
Speaker 1: nature and does not consider your individual circumstances. She's on
Speaker 1: the Money exists purely for educational purposes and should not
Speaker 1: be relied upon to make an investment or financial decision.
Speaker 1: If you do choose to buy a financial product, read
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