Speaker 1: Radio.
Speaker 2: She's on The Money Radio Show.
Speaker 3: With Victoria Divine starts now.
Speaker 4: Hello and welcome to the She's on the Money Radio
Speaker 4: Show podcast, the radio show podcast for millennials who want
Speaker 4: financial freedom.
Speaker 5: Hello, I'm excited this week with Ditch Mitchchury, million dollar,
Speaker 5: Mitch is out, billion dollar Byron is In.
Speaker 6: Barron Cook, welcome to the pod.
Speaker 2: Thank you.
Speaker 1: Also one of the DJs here, part of the Kiss Network.
Speaker 1: And I believe I have about as much of a
Speaker 1: financial qualification as Mitch does, which is.
Speaker 6: Bugger basically nothing.
Speaker 2: Not a very high bar at all. Mast was low.
Speaker 2: You sleep straight in. Hey.
Speaker 4: We had some really interesting stuff on the show this
Speaker 4: week because we usually are a little bit safe. But
Speaker 4: you mean safe safe, well, I mean we had we
Speaker 4: had a well, I don't want to say a sex worker, because.
Speaker 6: We did well that's exactly what she gues, all.
Speaker 4: Right, if you want to go there, that's fine. So
Speaker 4: we had Renee Gracie, who is one of Australia's leading
Speaker 4: only fans models making how much money.
Speaker 5: I'm not going to tell you yet. You'll have to
Speaker 5: listen for that, but I definitely ask her you do.
Speaker 1: And that's what I found it extraordinary because you know,
Speaker 1: I thought we might just tiptoe around it all and
Speaker 1: old mate over here, she just goes straight in, how
Speaker 1: much money are you making?
Speaker 7: All right?
Speaker 2: Not enough?
Speaker 6: That's who I am. She's on the money.
Speaker 5: I ask people what they make each and every single week,
Speaker 5: and we shouldn't be shamed about it. In fact, it
Speaker 5: can be inspiring, it can be enlightening. It can actually
Speaker 5: make a lot of sense, right because you see people
Speaker 5: on social media and you're like, Wow, they've got a
Speaker 5: nice house and they've just done a pool.
Speaker 6: I wonder what.
Speaker 5: They're they're earning, and actually is really constructive to know
Speaker 5: that different areas pay different amounts and this is what
Speaker 5: this person is making and how it works. But also
Speaker 5: the thing that I found really interesting with Renee was
Speaker 5: like she's.
Speaker 6: Like, I know that this is not forever.
Speaker 5: So she's trying to make hay while the sun is shining,
Speaker 5: which a lot of women in the sex work industry
Speaker 5: are doing as well. So you best believe they're really
Speaker 5: good at investing, They're really good with their money.
Speaker 1: And not that anyone would stop now they're going to
Speaker 1: listen to the whole podcast, but sure he keep listening
Speaker 1: because she actually answers the question, and I can't believe
Speaker 1: what the answer was.
Speaker 5: What Byron actually resigned from his role here at Kiss
Speaker 5: and now he's on the role.
Speaker 1: I just came back to do this intro, but in
Speaker 1: the middle of this show will walk out when I
Speaker 1: find out how.
Speaker 2: Much she makes Fantastic.
Speaker 4: Wow, that is I can't believe the foresight that you
Speaker 4: have in the future telling right here. I feel though, Okay,
Speaker 4: we didn't talk about this in here because we all
Speaker 4: we wanted to keep it about money. But for me personally,
Speaker 4: and I don't know about you, Born, is that if
Speaker 4: a partner goes and does only fans, is that a
Speaker 4: deal break a few because it definitely is for me.
Speaker 1: For me to talk about relationships, I have even less
Speaker 1: authority on relationships than I do with money.
Speaker 3: We don't even want to start with that.
Speaker 6: I reckon about communication and consent.
Speaker 5: My friend is acceptable in one relationship might be wildly
Speaker 5: unacceptable in another.
Speaker 6: And to be honest, it's up to you exactly.
Speaker 4: And you know what is acceptable saving money, because we
Speaker 4: actually had some really great saving now accepting.
Speaker 5: How good steps are saving money, it's a good piece
Speaker 5: of news.
Speaker 6: You've been doing it for a while am I going
Speaker 6: to be in trouble?
Speaker 4: Yeah, you are, because not only are you going to
Speaker 4: tell somebody how they can upsize their house where they're
Speaker 4: living in a little box with.
Speaker 2: Six was it six kids?
Speaker 5: It was four four six, very small house in a
Speaker 5: tiny home, she said.
Speaker 2: Which might have had to do with the only I'm
Speaker 2: not even going to do.
Speaker 5: You are going to end up in the bin this
Speaker 5: week if you're going to come for sex workers.
Speaker 4: May I'm not coming for sex workers. People are free
Speaker 4: to do whatever they want. I'm just saying it's not
Speaker 4: my thing.
Speaker 6: Let's get into the show.
Speaker 2: No, you were going to save us how much money?
Speaker 6: I'm going to save you a heap of money.
Speaker 5: I'm going to save you fifty percent on your groceries,
Speaker 5: and I'm also going to tell you exactly how much
Speaker 5: money you can save by using the first time super
Speaker 5: Saver scheme.
Speaker 6: I wouldn't go anywhere.
Speaker 4: If I were you, even if you did want to
Speaker 4: go somewhere, that's your prerogative. Your business is your business.
Speaker 4: But I hope you don't because it's a great show.
Speaker 4: And she's on The Money radio show starts right now. Yeah,
Speaker 4: for your Saturday morning. She's on the Money radio show
Speaker 4: with Australia's number one finance podcaster and also bookseller. Right
Speaker 4: now Victoria Fine number one in our hearts.
Speaker 1: And five in the country the country number one in
Speaker 1: her category.
Speaker 2: Yeah, well the.
Speaker 5: Byron Cook but also billion Dollar Byron as we've now
Speaker 5: decided to call him.
Speaker 4: Yeah, he's sitting in here filling in for Mitchtury and
Speaker 4: right now, guys, we are talking about side hustles, how
Speaker 4: you can make some serious coins.
Speaker 5: So it's been a pretty hot topic in our community recently,
Speaker 5: and that is Only Fans, and I think it's become
Speaker 5: a pretty hot topic because I've had a few of
Speaker 5: my clients on the show recently. And as you guys know,
Speaker 5: financial advisor who gives legit financial advice, and a lot
Speaker 5: of these women are making bank and want somebody who
Speaker 5: just gets money to actually help them along because they
Speaker 5: get content.
Speaker 6: I'm telling you, they get content.
Speaker 5: So, for those of you who haven't heard, OnlyFans is
Speaker 5: basically an online platform and app. It was established in
Speaker 5: twenty sixteen with the intention of people being able to
Speaker 5: share photos and videos for a subscription, so people subscribe,
Speaker 5: but then once you're subscribed, you can also request custom
Speaker 5: made content and a lot of people are now using
Speaker 5: it to create adult content and for that they are
Speaker 5: making absolute banks. So this week we are joined by
Speaker 5: Renee Gracie, who ex Supercar fan Trav You're going to
Speaker 5: love her, but also absolute star on OnlyFans.
Speaker 6: Renee, Welcome to the show.
Speaker 7: Hi guy, Thanks for having me.
Speaker 5: No, of course we want to talk about it because
Speaker 5: we know it's very lucrative, but I also feel like
Speaker 5: it's very not known. At the same time, it's also
Speaker 5: shrouded with judgment, which it absolutely shouldn't be.
Speaker 6: So we want to know how did you begin this
Speaker 6: side hustle.
Speaker 7: I had no idea it was going to turn out
Speaker 7: to what it turned out too. I had just moved
Speaker 7: back from Melbourne. I had left not a spoort, I
Speaker 7: had nothing else to do. My sister and I were
Speaker 7: looking at starting a business together. Let's just do something
Speaker 7: for ourselves, not work nine to five for other people.
Speaker 7: I had no money, spent all my money trying to
Speaker 7: open this up, and I thought, God, I would just
Speaker 7: love like another thousand bucks a week or a little
Speaker 7: bit of extra money until our business actually starts making money.
Speaker 7: And I had a few girlfriends who are like you
Speaker 7: should really get on OnlyFans. I had a few fans
Speaker 7: that were messaging me and I thought, you know what,
Speaker 7: I'm just going to do it, and yeah, I started
Speaker 7: my a couple of days later and it's been history
Speaker 7: ever since.
Speaker 1: Basically, Renee, would you agree that having a profile you're
Speaker 1: a V eight supercar driver and that brings with it
Speaker 1: some profile we've seen other onlyfan success stories who may
Speaker 1: have been on a reality TV show. Just that gives
Speaker 1: you sort of that position. Do you think that gave
Speaker 1: you an edge?
Speaker 7: Yes, definitely. I was very fortunate when I started. I
Speaker 7: knew that my race fans were quite loyal, so I
Speaker 7: knew that they would support me no matter what I did.
Speaker 7: They followed me even though I wasn't racing, So I
Speaker 7: felt confident in doing that and I knew that that
Speaker 7: fan base was going to be there. Knowing that I
Speaker 7: had that support system in the beginning is probably what
Speaker 7: maybe do it. And I definitely think if you're known
Speaker 7: and have a good following base, it really does make
Speaker 7: it easy to get those subscribers. Then growing from there
Speaker 7: and having people come on your page and those fans
Speaker 7: going to their friends, Hey have you seen this person?
Speaker 7: Have you seen this girl, you should subscribe her. That's
Speaker 7: how you then grow from there. But definitely having a
Speaker 7: base of fans who follow you and support you. It's
Speaker 7: sort of lucretive for only fans.
Speaker 4: So you were saying that obviously it wasn't planned and
Speaker 4: it's actually grown into something that you never thought it
Speaker 4: could do.
Speaker 2: So what is the plan, Renee, Like, where do you
Speaker 2: want to go from this?
Speaker 4: What kind of money are you thinking of making, and
Speaker 4: how are you going to I suppose grow your career
Speaker 4: but also your life around that.
Speaker 7: Honestly, I still every day. In November, it'll be three
Speaker 7: years I've been on OnlyFans, and I still get shocked
Speaker 7: that I'm still in this position. Ever since I've started it,
Speaker 7: it's almost been too good to be true. So I've
Speaker 7: been setting myself up from day dot when the money
Speaker 7: started rolling in, to know that this will eventually fall
Speaker 7: off and it's not going to be forever. But I
Speaker 7: think because I have that mindset and that mentality, I
Speaker 7: think it set me up to be comfortable knowing that
Speaker 7: it will end one day, but it just hasn't, which
Speaker 7: is great. So I have all these exit plans and
Speaker 7: then I just keep going and my page keeps growing,
Speaker 7: and I travel overseas and now I have it overseas audience.
Speaker 7: So I feel like for me, i've really in the
Speaker 7: last year or two years, the content is my passion.
Speaker 7: I love doing the content. I love making videos. I
Speaker 7: love taking photos of myself. I love taking photos as
Speaker 7: other girls, collaborating, traveling around the world to create content.
Speaker 7: And I feel like that's a passion of mine that
Speaker 7: I've sort of stumbled into across this Only Fans journey,
Speaker 7: and I don't think that's ever going to stop. I
Speaker 7: think it's something that I want to do for as
Speaker 7: long as as far as I can see. I want
Speaker 7: to travel around the world, take amazing photos, take amazing
Speaker 7: videos in beautiful locations, and sell them online. I want
Speaker 7: to do that forever.
Speaker 6: Basically, I adore that.
Speaker 5: I feel like you sound so passionate, and as someone
Speaker 5: who has been watching you, I hope in a not
Speaker 5: a weird way watching you from the sidelines, I'm one
Speaker 5: of your TikTok followers. I feel like you're one of
Speaker 5: the more authentic girls in the industry.
Speaker 4: Hey, we've got to take a quick break here, Renee
Speaker 4: Gracie from Only Fans. If you don't mind sticking around
Speaker 4: for a little bit. And Victoria, I know there's a
Speaker 4: question you want to ask her. You haven't asked it yet.
Speaker 4: Come a wait, I want you to do it straight
Speaker 4: after this.
Speaker 6: Oh, this is a money radio show.
Speaker 5: I'm going to be asking her how much she makes
Speaker 5: and low key off the record, I reckon it's going
Speaker 5: to be in the six figure.
Speaker 3: Around Oh my god.
Speaker 5: Yeah, like you're going to retire from radio, my friend,
Speaker 5: You're going to become actual billion dollar virus.
Speaker 3: So we're actually going to ask that after this.
Speaker 6: Yeah, actually going to ask her how much money do
Speaker 6: you make? Otherwise, why are you coming on my show?
Speaker 2: Stick around? Where are you going to do that? Next?
Speaker 2: You might hang up? Hopefully she doesn't stay.
Speaker 6: Right for me, she sticks around.
Speaker 2: Victoria. If people have just tuned in, tell them what
Speaker 2: we've been up to.
Speaker 6: We've been chatting to Renee.
Speaker 5: She is an absolute hustler on the platform only fans
Speaker 5: if you haven't heard of it before. It's an online
Speaker 5: platform and app that was established in twenty sixteen where
Speaker 5: people can pay for content, photos, videos, live streams for
Speaker 5: a monthly membership, and they can also request custom content.
Speaker 5: Renee has been making bank on this, but I want
Speaker 5: to go back to it. You said something before which
Speaker 5: I think a lot of people think about this type
Speaker 5: of content, and that's that it's not going to last forever.
Speaker 5: And I talk to all my clients doing this, I'm like,
Speaker 5: what's the game plan? Are we're starting another business? Are
Speaker 5: we investing? Are we creating wealth in the future. I
Speaker 5: know you have a beautiful home that you are currently
Speaker 5: investing in, but are you investing in it any other way?
Speaker 7: Property is my side hustle. That's where I put my
Speaker 7: money into an invest I've done other businesses, but I
Speaker 7: just dealing with customers and stuff like that. Quite honestly,
Speaker 7: it's not my thing. I'm just too much of a hothead.
Speaker 7: I don't have patience. I like being in control more so,
Speaker 7: I've discovered sort of me being in control of my
Speaker 7: own content and how I make my money now is
Speaker 7: exactly how it needs to be. So for me, it's
Speaker 7: the property side of things. It is like my ultimate goal.
Speaker 7: I've got investment properties at the moment, the plan to
Speaker 7: potentially develop and build properties. That's sort of how I
Speaker 7: see my future going. I've done a little dabble in
Speaker 7: the building side of things. With this home that I've
Speaker 7: been at the moment and invested in building a pool
Speaker 7: area and increasing the value of my property. And it's
Speaker 7: a weird addiction for me because I love like building,
Speaker 7: DIY being creative. I think that's a part of the
Speaker 7: content side where I'm so passionate about it. So I'll
Speaker 7: see a bathroom and be like, that's a really nice bathroom.
Speaker 7: Going to take a photo of this because I want
Speaker 7: to make this bathroom in a house that I buy
Speaker 7: in the future or something like that. So I love
Speaker 7: for me that's my goal.
Speaker 5: Yeah, I feel like you are so switched on, And
Speaker 5: I think that this is such a misconception about the
Speaker 5: industry that you work in, that everyone might be a
Speaker 5: little bit airy fairy, Whereas I find that my clients
Speaker 5: and the girls that I know that do only fans,
Speaker 5: they know what they're doing. They are making bank and
Speaker 5: putting future them in the best possible position, and I'm honestly,
Speaker 5: I'm always so shocked and proud of them because I'm like,
Speaker 5: get it.
Speaker 7: Yeah, it's one of those things, the stigma that comes
Speaker 7: with the sex industry obviously, but a lot of girls
Speaker 7: I've found I've done coaching and stuff as well for
Speaker 7: girls on only fans, and most of them are in
Speaker 7: the sex industry, whether they're you know, sex workers, maybe
Speaker 7: they just work at a bar, at strip club, whatever
Speaker 7: it is, but they're studying seeing people. The money is great.
Speaker 7: Most of these girls are trying to better themselves that
Speaker 7: most of them want to be nurses or buy a
Speaker 7: house or do something for their kids. And most of
Speaker 7: them understand that what they're doing is giving them enough
Speaker 7: money to get to where they want to be. So
Speaker 7: they're all quite intelligent and smart in how they're using
Speaker 7: the money that they have because they also know that
Speaker 7: they're not going to be a striper forever. They're not
Speaker 7: going to be in the sex industry forever, because there
Speaker 7: will be time a time where they're forty, fifty, sixty
Speaker 7: years old and they don't want to be in it anymore. Yeah,
Speaker 7: and a lot of them have that in the front
Speaker 7: of mind when they're working, which actually for them to
Speaker 7: be quite intelligent, smart and strategic with what they do
Speaker 7: with their money and how they set themselves up.
Speaker 6: Yeah, one hundred percent.
Speaker 5: I mean, it's the oldest industry in the entire world,
Speaker 5: and at the end of the day, sex work is
Speaker 5: real work. It is real money, and it is not
Speaker 5: an easy thing to do, so I applaud you for
Speaker 5: being so passionate about it.
Speaker 2: Thank you, and Renee.
Speaker 4: If you ever want to buy yourself an F one team,
Speaker 4: I would make an amazing team principle, So just keep
Speaker 4: that in mind, you shameless.
Speaker 7: I hasn't been out of my budget at the moment,
Speaker 7: but at.
Speaker 5: That moment I like the optimism. Renee, perfect question. But
Speaker 5: this is at the end of the day a money
Speaker 5: radio show. I want to know how much money are
Speaker 5: you making.
Speaker 7: I'm clearing safely over one hundred thousand dollars a month.
Speaker 6: Holy moly.
Speaker 1: Well, and I'd just like to announce I've retired from
Speaker 1: Kiss and I'm getting into any fans guys, So you, guys.
Speaker 2: You have a good time, good life.
Speaker 6: Billion dollar Byron.
Speaker 4: I've seen what he's got to offer, and it's not
Speaker 4: worth one hundred grand a month.
Speaker 2: I'll give you.
Speaker 5: Oh well, Renee, maybe can coach him a little bit.
Speaker 4: Hey, Thank you so much Renee for jumping on the
Speaker 4: line with us this morning, right here and she's on
Speaker 4: the Money radio show.
Speaker 7: Thank you so much, guys, thanks for having me.
Speaker 4: And look, if OnlyFans isn't an option for you. But
Speaker 4: you still got yourself a money dilemma. You need a
Speaker 4: little bit of a helping hands. You can hit us
Speaker 4: up anytime, just search. She's on the Money on Socials.
Speaker 4: This week we've got Claire who wants to know this.
Speaker 1: Byron, Oh, her house is bursting at the seams, Victoria,
Speaker 1: I mean this is extraordinary.
Speaker 6: For it a problem you can resonate with is.
Speaker 3: Well, No, it's not as a bachelor who lives alone.
Speaker 1: Thanks for reminding me, Billy, you dollar mansion a tiny
Speaker 1: home for Claire with a husband and four very young kids.
Speaker 1: Now there's a situation she finds herself in. She desperately
Speaker 1: needs your help.
Speaker 4: We'll get to that next right here on she's on
Speaker 4: the Money radio show.
Speaker 2: This is She's on the Money radio show.
Speaker 6: We've got a money dilemma, don't we track?
Speaker 2: Let's do this not their slogan.
Speaker 4: Yeah, each week we bring somebody's financial story on her
Speaker 4: to give Victoria's advice on what they should do. Now Byron,
Speaker 4: Clara centers a DM which you can do at any time.
Speaker 2: Just search. She's on the Money on Socials.
Speaker 1: Yeah, she says, hi, v I live in a tiny home.
Speaker 1: With my husband and four very young children. The kids
Speaker 1: share a bedroom. We have one bathroom, victoria, no playroom,
Speaker 1: no space. I feel like we're bursting at the seams
Speaker 1: in kastrophobic. The thing is, we'll have this house's mortgage
Speaker 1: paid off in six years time, We'll still be young,
Speaker 1: and we can look at investment opportunities.
Speaker 2: Then.
Speaker 1: Now, if we were to renovate or buy a larger
Speaker 1: family home, which clearly they want to they need the space,
Speaker 1: we would then have a mortgage of one to one
Speaker 1: point one million. I'm not sure I can stick out
Speaker 1: the six years. I don't want the kids to be
Speaker 1: too old to enjoy our dream home. Do we buy
Speaker 1: at the bullet and live our dream now and put
Speaker 1: ourselves in more debt? Or do we just suck it
Speaker 1: up and say, all right, we're sacrificing our sanity and happiness.
Speaker 3: Or is there another way? It's an interesting one.
Speaker 5: There's one thousand percent another way, and the other way
Speaker 5: is to either talk to a financial advisor or a
Speaker 5: mortgage broker. I just feel like this is worthy of
Speaker 5: a bigger conversation, because if you're going to pay off
Speaker 5: your mortgage in six years time, that might be your
Speaker 5: number one priority and your absolute value. But if you
Speaker 5: talk to a mortgage broker about the equity that's currently
Speaker 5: in your property, you might be able to leverage it
Speaker 5: up so that you can buy another property. You might
Speaker 5: go into more debt, but you could maybe rent out
Speaker 5: the one that you have and end up in the
Speaker 5: long term in a better, more secure financial position. But
Speaker 5: it's all about the strategy in planning. You don't want
Speaker 5: to sit down and just go, oh, my gosh, the
Speaker 5: debt is the biggest problem, because we know there's good
Speaker 5: debt and then.
Speaker 6: There's bad debt.
Speaker 5: Good debt is the type of debt that creates wealth
Speaker 5: for us. It means that once it's paid off, we're
Speaker 5: in a better financial position because of it, and bad
Speaker 5: debt is consumer debt like credit cards or things that
Speaker 5: actually put us in a less profitable and less good position,
Speaker 5: where at the end of the day, once a debt's
Speaker 5: paid off, we're left with nothing. So what type of
Speaker 5: debt is this and what type of goals do you
Speaker 5: have for wealth creation in the future, and how do
Speaker 5: we actually make it all fit together so that you
Speaker 5: live the life that you deserve now but also put
Speaker 5: yourself in the best financial position in the.
Speaker 1: Future right because the kids, and she said, like an
Speaker 1: incredible mum and very committed, you would hope that you
Speaker 1: could try and live in a situation that wasn't like this,
Speaker 1: because you don't want the kids to look back on
Speaker 1: their childhood as here, I shared a room with my
Speaker 1: two brothers and life was tough, Like if there's a
Speaker 1: way to change this, you'd want to try and find it,
Speaker 1: wouldn't You.
Speaker 5: Think it's about just putting yourself in the best possible position.
Speaker 5: I mean, there's a lot of privilege in already owning
Speaker 5: your own property. That is definitely a dream that doesn't
Speaker 5: come true for every single Australian. But it's all about, well,
Speaker 5: what options do we have out there? Another option if
Speaker 5: you don't want to go into one to one point
Speaker 5: one million dollars worth of debt, is rent vesting an
Speaker 5: option for you.
Speaker 6: That's where we buy a property rented out in.
Speaker 5: A position or in a location that maybe you don't
Speaker 5: want to live at the moment, go and rent a property,
Speaker 5: but the income that you gain from renting out your
Speaker 5: property pays your rent in another location, while you still
Speaker 5: spash down your mortgage and you end up in a
Speaker 5: very good position long term. So it's just what do
Speaker 5: you want to do when it comes to the bigger picture,
Speaker 5: and sometimes you need some professional help to get you there.
Speaker 4: And I also think that people have the wrong way around.
Speaker 4: They think they need to buy a place and live
Speaker 4: in that place, where no, you can go and buy
Speaker 4: that investment property, live the life that you want to
Speaker 4: and then before you know it, you could actually buy
Speaker 4: the place that you've been renting, or a place that's
Speaker 4: in the same area you've been renting.
Speaker 5: And I'd argue, let's be honest, little financial advisor hat
Speaker 5: on here, if you're saying that you can service another
Speaker 5: mortgage of one to one point one million dollars, you're
Speaker 5: probably in a pretty okay financial position, and advice would
Speaker 5: be a really good idea because let's make the most
Speaker 5: of that instead of guessing and hoping and making sure
Speaker 5: it works.
Speaker 6: Financial advice, honestly, I know it can be quite.
Speaker 5: Cost prohibitive for a lot of people, but it puts
Speaker 5: you in such a better position. You could put your
Speaker 5: clients in a position where they literally have millions of
Speaker 5: dollars worth of money because of you, and your fees
Speaker 5: are at what three to six thousand dollars or if
Speaker 5: you see a mortgage broker, they don't even charge you money.
Speaker 2: Win money. When she's done it again by why she's subtle.
Speaker 5: Plug for Zella Money, my financial advice and broken company streck.
Speaker 6: Yeah, I'm as subtle as a bull in a China shop.
Speaker 7: All right.
Speaker 4: If you've got a question on how Zella Money can
Speaker 4: work for you know how we can help you right
Speaker 4: here at She's on the money. All you got to
Speaker 4: do just search us on socials anywhere. We'll get another
Speaker 4: question next.
Speaker 5: So she's on the money literally on any platform or
Speaker 5: Zelo Journey, whichever one's after here.
Speaker 4: All right, mate, it's time for you to do some work.
Speaker 4: Super Savi Saturday coming up next. We want to know
Speaker 4: what super saving tips you've got in your little back pocket, Divine.
Speaker 5: It is my favorite time of the week, which obviously
Speaker 5: at this point in time.
Speaker 6: If you'll just got really expensive, I'm over it. I'm
Speaker 6: over it. We need to save more money together.
Speaker 3: Super Saver Saturday.
Speaker 4: Yeah, every single week, Victoria, you give us a little
Speaker 4: bit of sneaky tips on how we can keep more
Speaker 4: money in our bank accounts.
Speaker 6: I pretend to.
Speaker 5: So far, so good, though, and this week, I've got
Speaker 5: one for you about groceries, but before we get there,
Speaker 5: I'm going to talk about the first time super Savis scheme,
Speaker 5: which is an absolute mouthful. If you say it that quickly,
Speaker 5: you will yeah, thank you, thank you. I've been saying
Speaker 5: it for a really long time, but recently my community
Speaker 5: people have been asking about it, so I thought that
Speaker 5: we'd put it in as a tip because you can
Speaker 5: actually be in a much better financial.
Speaker 6: Position because of it.
Speaker 5: So when it comes to purchasing your first home, everybody
Speaker 5: in Australia that has a supranuation fund has access to
Speaker 5: this scheme. And basically what it means is that you
Speaker 5: can make voluntary contributions, which sounds a bit lame, but
Speaker 5: basically voluntary is where you volunteer to make additional contributions
Speaker 5: to your superranuation and this helps you save for your
Speaker 5: first home. So I've said it on my podcast before,
Speaker 5: but I believe that supranuation or the system of superannuation,
Speaker 5: is the closest thing that you can come to in
Speaker 5: Australia as a tax haven. So basically what this means
Speaker 5: is you can contribute up to fifteen thousand dollars each
Speaker 5: and every single financial year. To this scheme, you basically
Speaker 5: just dump it into your superranuation up to a total
Speaker 5: of fifty thousand dollars money win. And that means that
Speaker 5: the tax rate inside super is used instead of your
Speaker 5: marginal tax rate. So let's say TRAV you have a
Speaker 5: tax rate of thirty two and a half percent each
Speaker 5: and every single year, which most Australians do before super.
Speaker 5: If you put fifteen thousand dollars into your bank account
Speaker 5: at thirty two and a half percent tax, it means
Speaker 5: that you would have after tax ten thousand, one hundred
Speaker 5: and twenty five dollars. Okay, that makes sense before tax.
Speaker 5: If you decide to put it into your first home super,
Speaker 5: say the scheme fifteen grand at a fifteen percent superranuation
Speaker 5: rate becomes twelve thousand, seven hundred and fifty dollars. Please
Speaker 5: lot more than twenty seven hundred dollars just by using
Speaker 5: this scheme, and if we extrapolate that out, means that
Speaker 5: if you go up to the cap of fifty thousand dollars,
Speaker 5: so over a few years you've been saving for your
Speaker 5: first home, you are thirteen thousand, seven hundred and fifty
Speaker 5: dollars better off by using this system free money.
Speaker 3: Can can you ask your payrolls?
Speaker 2: Yep?
Speaker 1: Can they make those contributions for you? You literally just
Speaker 1: say to them, can you put extra inpluce?
Speaker 5: Yes? Absolutely, you can ask payroll, or you can wait
Speaker 5: until you've got money in your savings and you're comfortable
Speaker 5: to pop it into super so it can have already
Speaker 5: come to your bank account. You can already have been
Speaker 5: paid it because you can actually just choose to transfer it.
Speaker 5: You can just be pay it so easy straight to
Speaker 5: your super fund. It means that you will get the
Speaker 5: tax back at tax time because you've obviously already paid it.
Speaker 5: But it all comes out in the wash, and in
Speaker 5: the wash you end up in a far better financial position.
Speaker 6: So that is my first hot tip.
Speaker 4: Well, okay, you have a big shoe to fuel right there,
Speaker 4: fir and cook?
Speaker 2: What what you got is your second tip?
Speaker 5: Like, I got a sandwich fifty percent off because I
Speaker 5: bought it at three pm?
Speaker 3: Okay, okay, remember who the guest is here? Please?
Speaker 1: No, I know we're in sort of the realm of supermarkets, okay.
Speaker 6: And I know it's supermarkets.
Speaker 1: There is this popular half price app with up to
Speaker 1: date specials for your favorite Ossie supermarkets. So you're literally
Speaker 1: getting stuff for half price.
Speaker 2: Yeah legit, Oh yeah, half price app. I use this one.
Speaker 4: So basically it shows you every supermarket, Willis, calls you
Speaker 4: name it, and everything that's fifty percent off install that week.
Speaker 1: Absolutely, And I mean, let's be very transparent about this.
Speaker 1: I'm literally just reading this off a sheet that Victoria
Speaker 1: gave me.
Speaker 6: Yeah, you're welcome.
Speaker 1: But if I knew where to find that app right now,
Speaker 1: which try to make you would be a store?
Speaker 3: Yeah great, and so do you literally just type in
Speaker 3: tolf fction half.
Speaker 6: Price app to your apps to download that app.
Speaker 5: And the cool thing is gorne of the days of
Speaker 5: you going to your mailbox getting all the catalogs, going
Speaker 5: through it seeing.
Speaker 6: What's on special.
Speaker 5: All of the supermarkets are on one app, so you
Speaker 5: just scroll through, workout where everything is the cheapest, and
Speaker 5: then go shopping.
Speaker 4: I used to be a pamphlet deliver I used to
Speaker 4: get ten bucks per week delivering those pamphlets.
Speaker 6: Hey that's a really good deal for the person who
Speaker 6: wanted the pamphlets.
Speaker 1: Now that is a great app, and I would just
Speaker 1: say this is an additional supermarket tip.
Speaker 3: So I put this in as two a.
Speaker 1: It's like an addendum, use avocado for everything. Seriously, avocados
Speaker 1: are still so cheap. I've been making so much guak
Speaker 1: you wouldn't believe it.
Speaker 6: Guys, that's a good tip.
Speaker 3: Genuinely, they are so cheap.
Speaker 1: They're about a dollar seventy depending where you are in Australia,
Speaker 1: and they're ripe, and they're delicious, and there is still
Speaker 1: an oversupply of avocado.
Speaker 3: Google avocado recipes and cash in.
Speaker 5: Billon dollar Byron, brought to you by Avocados Australia.
Speaker 2: The hell are you talking?
Speaker 3: Oh?
Speaker 6: He is so funny.
Speaker 5: Do you know what he would have spent all of
Speaker 5: that time that you were talking thinking up that?
Speaker 4: Now going to a better one will be the jest
Speaker 4: that I was going to walk into the station today.
Speaker 2: But I have a CARDO have a car on that though.
Speaker 2: We've got to get out of here.
Speaker 4: But Victoria, you're going to be at the Tivley tonight
Speaker 4: in Brisbane.
Speaker 5: You can still get you can come say hi, I
Speaker 5: wait around. Honestly, I will be there until the last
Speaker 5: person leaves.
Speaker 7: Good.
Speaker 1: Probably have when you're number one in your category, number
Speaker 1: five in Australia.
Speaker 6: Yeah, good from us.
Speaker 5: All right, up next, You've got million dollar Mitch back.
Speaker 5: Don't worry, he'll be back next week. The lauron't have
Speaker 5: to put up with billion dollar Byron for too long.
Speaker 6: Jeezu, slide into my dam you.
Speaker 3: I've given you the avocado.
Speaker 6: Tip tip was elite, all right.
Speaker 3: Thank you.
Speaker 4: The Lifelie Cut Show Laura BYRN Brett Hockley that is
Speaker 4: coming up next.
Speaker 2: We'll see you next week, guys,