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Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations

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Speaker 1: woman and I'm here to acknowledge country t Glenn Young

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Speaker 1: Ganya Niana, Kaka yah Ya bin Ahaka nian Ar gay

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Speaker 1: In Mbina yakarum jar dominyamiga Umagahawakaman damon imlan Wumba bang

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Speaker 1: Gadabomba in and now in wakah ghana on yakraum jar Watnadaa. Hello,

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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

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Speaker 1: We thank acknowledge and respect the Aberiginal people's land that

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Speaker 1: we're gathering on today. Take pleasure in all the land

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Speaker 1: and respect all that you see. She's on the Money

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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,

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Speaker 1: knowledge and resources for you to thrive.

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Speaker 2: She's on the Money.

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Speaker 3: She's on the Money.

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Speaker 4: Hello and welcome to She's on the Money, the podcast

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Speaker 4: that makes personal finance fun, especially on Fridays. My friends,

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Speaker 4: it is our favorite day of the week because we

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Speaker 4: get our team together and we get to celebrate you

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Speaker 4: the incredible. She's on the Money community ms Grit. She's

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Speaker 4: here and she's going to be sharing her favorite money

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Speaker 4: wins and maybe a little breaking news. Miss beck sayed

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Speaker 4: will be sharing her broke tips, and we're going to

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Speaker 4: be helping to answer a money dilemma which asked v

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Speaker 4: is it a good idea to take out a loan

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Speaker 4: to then invest into the share market? And something that

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Speaker 4: you slid into our dms about working out how much

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Speaker 4: to spend on buying gifts for adults with a tiny

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Speaker 4: little spicy side question on whether gift cards are just

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Speaker 4: impersonal gestures, which as a fan of gift cards, I

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Speaker 4: feel like I have some thoughts and feelings. But before

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Speaker 4: we get to our question of the week and I

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Speaker 4: get to grill you both on your personal opinions, do

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Speaker 4: we want to hype our selves up with a little

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Speaker 4: five star review? Yes? Please wait now, Beck, I always

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Speaker 4: pick ones that are about you because I literally love

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Speaker 4: like how excited you get, So I'm not putting that aside.

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Speaker 4: But this one, this week's for Jess. Yes, so fair,

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Speaker 4: So it's totally just for Jess. Go Jess five stars.

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Speaker 4: I will be so so happy. If the news you

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Speaker 4: are planning on sharing is that Jess has purchased her

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Speaker 4: first home, please tell us what the good news is.

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Speaker 4: Ps I love you girls. So that's a very nice

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Speaker 4: segue into miss Jessica Ricci. That's a very nice review, thank.

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Speaker 5: You, thank you.

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Speaker 3: But what's your news, guys, I'm filming it exciting, so cool.

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Speaker 4: So so she's the official owner of a patch of

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Speaker 4: dirt with no property on it right now and a

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Speaker 4: photo in front of it.

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Speaker 3: Did you touch the dirt?

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Speaker 4: So cute? I did. I wrote my name in it.

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Speaker 4: It was a very spiritual. Yeah, tell me a little

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Speaker 4: bit more. I think this is the first time beck

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Speaker 4: is hearing about this, and I have been in the

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Speaker 4: background being like, have you spoken to them about landmarkers?

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Speaker 4: What about your conveyancer? So this has been really fun

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Speaker 4: because you're also working with the team at Zella Money,

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Speaker 4: which we are all just so excited for you. I

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Speaker 4: think this journey has been so long. Is it what

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Speaker 4: you wanted as the peakiest girl in the entire world?

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Speaker 3: How did you decide?

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Speaker 4: You know this is the one?

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Speaker 2: You know what? It really was just almost fateful. So

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Speaker 2: there's you know, there's such a small pocket that I

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Speaker 2: was looking at buying in and you mean like less

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Speaker 2: than a kilometer square, guy, very small, and so it's

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Speaker 2: you know, so you have to take what you can get.

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Speaker 2: And the block is a little bit smaller than I wanted,

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Speaker 2: but it's still fits a house that's a really great design.

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Speaker 2: It's the orientation that I wanted. I'm just so over

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Speaker 2: the moon.

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Speaker 4: I'm so exciting. I'm so excited. And it's just like

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Speaker 4: validation as well, because there's been so many times you're like,

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Speaker 4: they really like this house, but they're asking X amount

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Speaker 4: and that's not in the budget, and I keep being like, babe,

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Speaker 4: it's coming for you, I promise, and like watching you

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Speaker 4: be so upset about you know, quote missing out, yeah,

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Speaker 4: and then knowing you're not going to miss out now,

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Speaker 4: Like we're starting from scratch, so it's like not compromising

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Speaker 4: on you know. Oh yeah, no, I loved it, but

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Speaker 4: the kitchen was like definitely the wrong colors. I'd have

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Speaker 4: to update the bathrooms all like, oh, like why have

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Speaker 4: they got carpet in the toilet? Like that's weird. But

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Speaker 4: I'm happy to settle. Now. You're doing it literally from scratch,

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Speaker 4: so there's going to be everything in your house that

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Speaker 4: you want. I'm just I can't wait. So it's going

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Speaker 4: to be I want to share the whole thing with

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Speaker 4: you guys, already killed my mom. Everyone behind me, she's queen.

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Speaker 2: I just yeah, I'm really so thankful for all the

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Speaker 2: support from you guys, from the listeners. Like I just

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Speaker 2: I put up a little reel to like announce it,

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Speaker 2: and I said, I just feel like without the support

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Speaker 2: of everyone, I would have given up a long time ago.

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Speaker 4: And so I'm so he did try, he did try.

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Speaker 4: I had a moment. You know, we've all been there.

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Speaker 2: Yeah, I'm I'm so thrilled for the journey and so yeah,

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Speaker 2: I'm just like overflowing with gratitude, stress, exciting.

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Speaker 4: Yeah, now to be building stress stress, It'll be good.

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Speaker 4: And I know the route you're going down. I'm very

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Speaker 4: very excited. So soph G ninety two, you are correct

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Speaker 4: and you're going to be very happy because the news

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Speaker 4: is that Jess says, technically you bought a house for

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Speaker 4: bought land and he's in the process of building her

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Speaker 4: first home. Stay tuned, we'll share it all. All right,

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Speaker 4: let's get into the Question of the week. So, as

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Speaker 4: you guys know, it's time for our new favorite part

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Speaker 4: of our Friday Drinks episode where we get to ask

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Speaker 4: one question that you guys are dying to know. It

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Speaker 4: could be literally anything money life or anything rogue, like

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Speaker 4: this one from Rochelle, who has asked she's on the

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Speaker 4: Money team. I want to know if you had to

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Speaker 4: survive on just one supermarket aisle for the rest of

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Speaker 4: your life, which I'll you camping out in so easy?

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Speaker 6: Is it?

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Speaker 2: There's an obvious answer, is it? Which I want you,

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Speaker 2: guys answer now, because I'm sure.

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Speaker 4: I mean, there's an obvious answer.

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Speaker 5: There's a correct answer here, correct correct, you're thinking the

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Speaker 5: correct answers like the water aisle or nothing.

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Speaker 4: Will assume you have access to water, okay.

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Speaker 3: Assume you have access to water.

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Speaker 4: That's true.

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Speaker 3: Okay, assume you have access to water.

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Speaker 4: Yeah, because you're going to cook our stuff anyway exactly,

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Speaker 4: and maybe you know toothpaste, shampooy, etcetera.

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Speaker 5: So I personally like the bakery paste bakery, Yeah, bakery

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Speaker 5: forever forever.

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Speaker 4: Yes, you said, good one. Why? I mean, it's not

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Speaker 4: my choice, but it's a good choice. You're in the

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Speaker 4: pasta ile, aren't you. No, No, I'm not hold on

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Speaker 4: eating confectionary guys. I once I say it, you're gonna

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Speaker 4: be like, oh, okay, okay, food.

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Speaker 2: Yes, I am, and like this because yeah, okay, savory,

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Speaker 2: there's vegetables, there's.

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Speaker 3: Anything that's really just us.

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Speaker 4: And I was going to say, oh, look, I'm not

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Speaker 4: going to love this answer because I don't know if

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Speaker 4: I could do with past it. But like the fresh

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Speaker 4: veggie section because like, you know, fruits and veggies, like

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Speaker 4: I'll be healthy, and like you could make mashed potatoes,

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Speaker 4: so that's good, make noki but sorry, can I rescind

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Speaker 4: that idea? And I would like to move in with Jess.

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Speaker 4: You could have a frozen pizza and then you could

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Speaker 4: make some veggies, like I.

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Speaker 5: Think that we have to assume that there is no

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Speaker 5: utensil you can't use, like, but we're actually living in

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Speaker 5: the living in the aisle, I might get a bit chilly,

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Speaker 5: but I'll be well.

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Speaker 4: No, we're not leaving any I know she said live,

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Speaker 4: but that was a lot. That was a lot. Let's

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Speaker 4: put that question in our show notes on Spotify so

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Speaker 4: that the community can answer that as well, because in

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Speaker 4: those questions, tell us your answer, Like if you pick compectionery.

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Speaker 3: Why it's tempting, but you get it, it's empting.

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Speaker 4: I would, but someone somewhere is going to be like,

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Speaker 4: I'm never sick of eating chips. That's true, all right.

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Speaker 4: I feel like that's enough. On which supermarket ile we're

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Speaker 4: going to live in. If you've got a question that

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Speaker 4: you are dying for us to answer literally clearly, no

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Speaker 4: matter how rogue, leave it in the comments and we

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Speaker 4: will hopefully get to it. Jess, it is your time

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Speaker 4: to shine again. Community, money wins and confessions. What have

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Speaker 4: you got this week? Oh right, there are some goodies

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Speaker 4: this week.

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Speaker 2: First, I've got one from Cassie, who says she always

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Speaker 2: browses the clearance section at the supermarket. She said today

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Speaker 2: she got a dog lick Matt for sixty cents that

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Speaker 2: will be of great use the coming summer for her

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Speaker 2: beautiful pup obviously pet tax pup photo very. You know,

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Speaker 2: I love a little look at the supermarket clearance. It's

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Speaker 2: always at random, stuck, totally totally, very fun. Maybe that's

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Speaker 2: where I would live in the clearance.

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Speaker 3: That's too.

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Speaker 2: Next, I've got a money lost from Kab who said

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Speaker 2: she had a big ADHD tax moment. She totally mismanaged

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Speaker 2: her time last week and had to scramble to get

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Speaker 2: critical chores done before leaving for her holiday. She said

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Speaker 2: it left her with an embarrassing result that she had

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Speaker 2: to ring the airline from the train platform and change

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Speaker 2: the flight to an hour later, which totally blew the

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Speaker 2: budget out for her trip. She said she did end

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Speaker 2: up having lounde access that was a result, so she

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Speaker 2: at least, you know, stopped up on a couple of

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Speaker 2: meals while she was there. So although it was a

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Speaker 2: money loss, she didn't let it lure her into continuing

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Speaker 2: to overspend just because things hadn't gone to plan. That's fair,

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Speaker 2: And I just want to remind people like that's like,

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Speaker 2: that is such a common thing for eighty hds, right, Like,

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Speaker 2: the loss of little things sometimes can happen, and it's

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Speaker 2: important that you don't beat yourself up.

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Speaker 4: You just go, Okay, well, how can I.

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Speaker 5: Deal with it totally?

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Speaker 4: How do I move forward? Do you let her your holiday?

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Speaker 3: Totally?

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Speaker 4: I would have let it ruin my holiday, but I

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Speaker 4: can't be trusted those do as Katie's did, not as

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Speaker 4: we would do. Yeah, don't listen to Victoria. What would

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Speaker 4: she know next?

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Speaker 2: I've got money in from Misha. She said she had

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Speaker 2: to get her passport renewed four hundred and twelve dollars.

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Speaker 4: Oh my gosh, she's one hundred and twelve. Now I

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Speaker 4: know you are crazy.

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Speaker 2: And then if you want it, you know, shipped to

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Speaker 2: you quickly with tracking, she said, it's an extra hundred

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Speaker 2: and five dollars. Okay, so that would be five hundred

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Speaker 2: and seventeen dollars, she said. Instead, she asked some questions

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Speaker 2: at the passport office and she was told that she

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Speaker 2: could just keep an eye on the tracking number and

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Speaker 2: if it was not being delivered quickly enough, she should

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Speaker 2: then call up and and add the fast track on.

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Speaker 2: So if it looks like it's on track, you're all good.

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Speaker 2: If not, oh my god, I leave for my holiday

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Speaker 2: in you know, four days, bring them up. Can I

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Speaker 2: fast track pay the fee?

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Speaker 3: Yeah, that's really clever.

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Speaker 2: That's a really good tip, she said. To be determined

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Speaker 2: whether or not if the money loss or money saved.

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Speaker 2: But it's really handy to know to people.

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Speaker 4: This is just me thinking about finances again. Do people

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Speaker 4: ask for things like their passport for Christmas? It never

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Speaker 4: occurred to me, But so expensive and something that you

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Speaker 4: actually need. Is that something that you would be like,

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Speaker 4: oh hey mom, and they're like, oh, we want to

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Speaker 4: get you something good. It's like, well, I don't want

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Speaker 4: stuff anymore. I want to travel and I need a

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Speaker 4: new passport. Yeah, you get me in my passport? Or

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Speaker 4: is that just not love a practical gift? I'm all

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Speaker 4: for it, absolutely. I never buy just practical gift. It's

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Speaker 4: my favorite, just lush.

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Speaker 2: You probably not high on the practicality, but I add,

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Speaker 2: I just know that.

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Speaker 4: You'd never do it yourself, like you talk about it

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Speaker 4: all the time. And then I'm like, right time to shine.

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Speaker 4: You know what is going to make Jessica jump on

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Speaker 4: a chair? Yeah you do, Tom Cruise moment for a

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Speaker 4: ninja slushy. I would and have and would again.

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Speaker 2: And then last of these weeks, I've got a money

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Speaker 2: from Ashley who said after ten years her boobs have

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Speaker 2: shrunk and she's no longer limited to plain bras or

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Speaker 2: expensive ones from specialist shop money, because I think we

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Speaker 2: can all really feel that one a little bit now, Oh.

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Speaker 4: Yeah, do you want? Someone asked me the other day,

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Speaker 4: would you rather a nude of you to circulate the internet.

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Speaker 3: Or please or your Yeah?

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Speaker 4: You'd be like, yeah I did that, or your chat

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Speaker 4: GPT search history leaks. That's hilarious. And then I was like, wait,

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Speaker 4: is it a nude of me? Before I breastfed. If so,

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Speaker 4: you show absolutely everybody that picture everybody. But if you

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Speaker 4: take my CHATCHPT search history, I think we will be doneous.

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Speaker 3: I hope that's the next question of the week.

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Speaker 4: I just don't look at my chat GPT search history.

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Speaker 4: It's not even spicy, it's just embarrassing. Yeah, how do

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Speaker 4: you pronounce?

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Speaker 3: How does pull table no balls white?

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Speaker 4: Yeah?

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Speaker 5: Exactly, And I still don't know, right, Beck, it is

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Speaker 5: your turn.

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Speaker 4: Tell me what broke tips you bring into the table

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Speaker 4: this week. Okay, So this.

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Speaker 5: First one I got off one of like the threads

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Speaker 5: in our Facebook group from a community member who is

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Speaker 5: going back to UNI congratulations, and they're looking for ideas

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Speaker 5: for like student discounts and things like that. This one

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Speaker 5: was suggested a few times. It's called UNI Days and

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Speaker 5: once you've signed up and verified your student status, you

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Speaker 5: can shop through them to received student discounts. They have

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Speaker 5: a whole range of partners, like the iconic Sephora. You

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Speaker 5: can just chop through the platform and get like discounts

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Speaker 5: to random brands and things like that, which I think

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Speaker 5: is great.

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Speaker 4: I used to use that back in the day, so

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Speaker 4: that platform has been around. Yeah, Agous, it might be

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Speaker 4: completely different now. But you had to upload like a

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Speaker 4: scanned version of your student ID. And everyone at my

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Speaker 4: union was talking about how you would just wipe out

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Speaker 4: the expiry day, and so I might have tried that

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Speaker 4: and then had it for a little bit longer than

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Speaker 4: maybe I was entitled to. Still got it?

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Speaker 3: I thought, no, not to this day.

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Speaker 4: Actually, it's like my discount on my phone plan. Because

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Speaker 4: I was a student, they took it away and then

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Speaker 4: I was like, oh, hey, where did that go. They're like, oh, well,

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Speaker 4: you have had it for five years or something. We

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Speaker 4: assume you're not a student anymore. You can reapply for it.

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Speaker 4: And I was like, I can't. You took it. You

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Speaker 4: took it. It was half percent, but it was still

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Speaker 4: five percent. Yeah, what else you got back?

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Speaker 5: Well, just a really quick reminder that we have heaps

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Speaker 5: of great threads like this, like with advice and things

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Speaker 5: like that in our Facebook group. So if you're not

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Speaker 5: in it, the link is in the show notes for

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Speaker 5: you to join. This next one comes from Tire. She

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Speaker 5: says that she uses dec who Deals to find the

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Speaker 5: best prices for games, but Nintendo Switches, PlayStation, Xbox, Steam,

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Speaker 5: Deku is d e Ku just for to have not

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Speaker 5: used it before. No, I'm not a game of girlye though,

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Speaker 5: but for the game of Girlies, oh for sure. So

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Speaker 5: you can set a watch list and get emailed when

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Speaker 5: there is a price drop. You can look at the

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Speaker 5: price history and get a weekly email of games on special,

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Speaker 5: which I think is great. Love love it for us

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Speaker 5: And what's yours? Okay, So my broke tip for this week,

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Speaker 5: And this is one that I know you guys have

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Speaker 5: mentioned before and I never fully grasped it before. But

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Speaker 5: you know one Pass obviously obsessed.

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Speaker 4: Yes, so I think I only just.

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Speaker 5: I'm almost like regretting the amount of time I spent

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Speaker 5: and not really understanding the concept of one past.

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Speaker 3: But basically, just for context, you guys might have seen.

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Speaker 5: That we've been working with one Pass recently, like talking

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Speaker 5: about the great value a membership provides, for example five

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Speaker 5: times fly by his points when you shop in store,

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Speaker 5: or clicking collected Kmart, Target, Bunnings and.

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Speaker 4: A few other places as well, truly preaching to the converted,

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Speaker 4: like Jess and I have been trying to get you

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Speaker 4: to understand.

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Speaker 3: I can't believe it. That's crazy.

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Speaker 5: For the listener's context, because I know that you guys

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Speaker 5: know already. But it's also free shipping from all of

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Speaker 5: those stores. And like obviously, as I mentioned other stores,

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Speaker 5: I've only listed three here, Kmart, Target, Bunnings, but there

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Speaker 5: are other stores on there.

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Speaker 4: Like office Works. And also I don't know about you,

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Speaker 4: but if you have to pay for shipping, I'm always

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Speaker 4: adding a dish things to my cart to quote make

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Speaker 4: it worth it. I don't do that, so I'm just

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Speaker 4: ending that's so true.

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Speaker 3: But there's actually more.

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Speaker 4: Oh wait, you've written down more notes, right, Actually tell

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Speaker 4: us I do because and I know.

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Speaker 5: That you guys know this, or maybe you don't know this,

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Speaker 5: but if a product is fairly unused or looks in

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Speaker 5: great condition, I'm going to.

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Speaker 3: Say unused just for the purpose.

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Speaker 5: Don't get in trouble. It has to be unused, has

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Speaker 5: to be perfect condition. You have three hundred and sixty

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Speaker 5: five days to return it. That's a whole year, do

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Speaker 5: you know what.

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Speaker 4: I didn't know that. That's crazy because I'm not looking

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Speaker 4: into those terms and conditions. I just want my points

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Speaker 4: and I also want my baby singlets sent to me

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Speaker 4: without shipping costs.

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Speaker 3: Yeah, so fair, Well, you can do all of those things.

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Speaker 5: And also you can get to the end of the

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Speaker 5: year and be like, oh, I never even use this,

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Speaker 5: I'm going to take it back now tags are still on.

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Speaker 3: That's wild. It might even be discontinue. That's the thing

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Speaker 3: I'm thinking.

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Speaker 5: What if it's a discontinued item and they're like, well,

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Speaker 5: I guess you got to You're allowed to.

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Speaker 4: You're allowed to do this.

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Speaker 2: We talk about this every year, but VD you and

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Speaker 2: I renew our memberships every year at the same time.

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Speaker 4: Only when it's on sale, because yes.

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Speaker 2: And it's on sale right now. Everybody just is a

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Speaker 2: little fi may we can link it in the show

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Speaker 2: notes or something. For you guys, it's half priced. Your

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Speaker 2: annual membership is twenty dollars instead of forty. That's like

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Speaker 2: a dollar thirty a month or something.

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Speaker 4: Yeah, that's ridiculous.

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Speaker 3: Crazy.

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Speaker 2: If you order two things online over the course of

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Speaker 2: the ARP, you've paid for itself in you've saved, which I.

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Speaker 4: Think is crazy. I love the fact that if your

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Speaker 4: points curly, you're like turbo charging your points. Yeah, but

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Speaker 4: if you're not a point scurly, you're getting free shipping.

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Speaker 4: So everybody wins.

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Speaker 3: No matter what. You're a winner.

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Speaker 2: Check out the link of the show notes. We'll pop

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Speaker 2: that down there. Great value questionable is to whether or

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Speaker 2: not you can return things.

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Speaker 4: But do it that information?

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Speaker 3: Sure you are exactly one plass.

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Speaker 4: Can't stop us exactly. Oh my god, they sound great.

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Speaker 5: I'm going to do it. I'm gonna do it right

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Speaker 5: after this.

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Speaker 4: You actually sure it's great? About like I literally renew

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Speaker 4: it every year. I'm a part of their cult. I

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Speaker 4: don't know if they are running a cult, but if

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Speaker 4: they were, i'd been well consider me culted were drinking

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Speaker 4: people laid.

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Speaker 3: Oh yeah, I want to drink some.

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Speaker 4: All right, let's go to a really quick break because

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Speaker 4: on the flip side, I am chomping at the bit

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Speaker 4: to get into two of these questions. So the first

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Speaker 4: one is a money dilemma from someone in our community

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Speaker 4: who rung in and said, v is it a good

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Speaker 4: idea to get a loan so that I can invest

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Speaker 4: into the share market? And then you guys slid into

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Speaker 4: our dms. This week, we're going to be talking about

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Speaker 4: how to work out how much we spend on adult gifts,

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Speaker 4: and then we're also going to ask the spicier question

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Speaker 4: of is a gift card a really impersonal gift to give,

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Speaker 4: so guys don't go anywhere. Welcome back, everybody. Let's take

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Speaker 4: a listen to this week's money dilemma. Hi. There, have

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Speaker 4: you got a money dilemma you just can't solve That.

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Speaker 4: She's on the Money team is here to help. Every

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Speaker 4: week we tackle your dilemmas, both big and small, to

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Speaker 4: answer your most burning money, career and life questions. To

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Speaker 4: get involved, simply head to our website and leave us

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Speaker 4: a short voice recording and you might just find yourself

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Speaker 4: on the show. Now, let's take a listen to this

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Speaker 4: week's money dilemma.

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Speaker 6: Hi, She's on the Money. So my husband and I

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Speaker 6: went and spoke to a financial advisor for the first

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Speaker 6: time ever, and we discussed our interest to invest in shares,

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Speaker 6: and the financial advisor recommended getting alone to invest in

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Speaker 6: shares because it's taxed at a more reduced rate. I've

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Speaker 6: never heard of this concept before, and I don't really

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Speaker 6: understand how it works. I don't feel super comfortable with

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Speaker 6: the idea of getting into debt to invest in the

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Speaker 6: share market, even though investing in the share market is

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Speaker 6: something that my husband and I are really passionate about

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Speaker 6: and really interested in getting into. Could you please explain

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Speaker 6: why the financial advisor might have advisors? How does this

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Speaker 6: process work? Where I could read some additional resources. I

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Speaker 6: am not really sure how to get more information and

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Speaker 6: educate myself on this topic.

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Speaker 1: Thank you.

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Speaker 5: I got to tell you, guys, I literally have thought this.

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Speaker 5: I think about this every day.

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Speaker 4: Why because if you think about this every day, think about.

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Speaker 5: It at least once a day, I think, really, yeah,

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Speaker 5: I think so because I keep meaning to ask you

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Speaker 5: and I keep getting But say, for example, you put

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Speaker 5: fifty thousand dollars in. I mean, we don't know how

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Speaker 5: much it's going to return, but let's say on average

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Speaker 5: your returns like nine ten percent, and then the interest

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Speaker 5: on the loan nine to ten.

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Speaker 3: She's not sorry.

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Speaker 4: I was like, where are you getting your starts from?

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Speaker 1: Beck?

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Speaker 3: Is it nineteen you guys?

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Speaker 2: No?

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Speaker 3: And then the interest and say the interest on the

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Speaker 3: loan is like four percent.

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Speaker 5: I'm like, well, I could just put it in there

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Speaker 5: for a year, take out the whole amount, pay off

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Speaker 5: the loan, and then I've just got like free money.

438
00:19:36,240 --> 00:19:39,480
Speaker 4: Yeah, that's kind of how it works. That's crazy, Like,

439
00:19:39,680 --> 00:19:42,200
Speaker 4: you're not wrong. That's a very simplified version of it.

440
00:19:42,960 --> 00:19:45,919
Speaker 4: When you lend money so that you're able to invest

441
00:19:45,960 --> 00:19:49,280
Speaker 4: in the share market. It's either called creating a GID

442
00:19:49,640 --> 00:19:54,040
Speaker 4: portfolio or creating a leveraged portfolio. Or the loan type

443
00:19:54,200 --> 00:19:57,240
Speaker 4: that you would engage in is called a margin loan

444
00:19:57,640 --> 00:20:01,480
Speaker 4: because you would borrow money for thisific purpose of investing

445
00:20:01,520 --> 00:20:04,800
Speaker 4: into the share market. Now, those are actual standalone products,

446
00:20:04,840 --> 00:20:06,800
Speaker 4: like you can go and talk to an investment advisor

447
00:20:06,880 --> 00:20:09,639
Speaker 4: and then get somebody to write you alone called a

448
00:20:09,720 --> 00:20:12,000
Speaker 4: margin loan, so that you can invest in the share market.

449
00:20:12,160 --> 00:20:15,320
Speaker 4: I don't have enough background on this community member so

450
00:20:15,480 --> 00:20:18,840
Speaker 4: that I understand her personal circumstances. But when I was

451
00:20:18,880 --> 00:20:22,640
Speaker 4: a financial advisor, I specialized in investing, so like people

452
00:20:22,680 --> 00:20:24,119
Speaker 4: would come to me and I could do like, you know,

453
00:20:24,240 --> 00:20:26,680
Speaker 4: the insurances and the savings plans and stuff. But what

454
00:20:26,880 --> 00:20:31,600
Speaker 4: I really did was construct investment portfolios, usually for higher

455
00:20:31,640 --> 00:20:34,919
Speaker 4: net wealth people, which was really fun and really pervy

456
00:20:35,000 --> 00:20:37,440
Speaker 4: and has given me a lot of information. But it

457
00:20:37,600 --> 00:20:40,560
Speaker 4: also makes me a little bit worried because I don't

458
00:20:40,640 --> 00:20:42,600
Speaker 4: want our community to go, oh, that sounds like a

459
00:20:42,680 --> 00:20:45,760
Speaker 4: great idea, just like you did, Beck, Because what happens

460
00:20:45,840 --> 00:20:49,159
Speaker 4: if you have a standalone margin loan is like the

461
00:20:49,280 --> 00:20:51,680
Speaker 4: market place goes up and down, like the share market

462
00:20:51,760 --> 00:20:53,639
Speaker 4: is a roller coaster, and that's okay because over the

463
00:20:53,720 --> 00:20:56,320
Speaker 4: long term, when we zoom out, we know that over

464
00:20:56,440 --> 00:20:59,560
Speaker 4: thirty years, nobody who's ever invested in the Australian share

465
00:20:59,560 --> 00:21:03,960
Speaker 4: market has missed out. But what can happen is, because

466
00:21:04,000 --> 00:21:07,960
Speaker 4: that's a leveraged portfolio and there's debt involved, you could

467
00:21:08,000 --> 00:21:10,800
Speaker 4: get what's called a margin call, and a margin call

468
00:21:10,960 --> 00:21:12,680
Speaker 4: is they might send you an email or give you

469
00:21:12,720 --> 00:21:15,040
Speaker 4: a buzz and go, hey, Beck, the value of your

470
00:21:15,080 --> 00:21:18,119
Speaker 4: portfolio has dropped because the market has dropped. So we

471
00:21:18,280 --> 00:21:20,760
Speaker 4: even need to to make sure that this loan is

472
00:21:20,840 --> 00:21:24,680
Speaker 4: still financially stable for us. We need to either sell

473
00:21:24,800 --> 00:21:27,879
Speaker 4: down some of your shares so that your leverage to

474
00:21:28,000 --> 00:21:31,720
Speaker 4: the right levels, or you could tip in some extra money.

475
00:21:32,200 --> 00:21:34,879
Speaker 4: And that is a fickle position to be in, because

476
00:21:34,960 --> 00:21:36,720
Speaker 4: we do not ever want you to be in a

477
00:21:36,800 --> 00:21:42,000
Speaker 4: position where you're selling shares when they are worthless, and

478
00:21:42,160 --> 00:21:44,760
Speaker 4: that to me is a massive red flag of going Oh,

479
00:21:44,880 --> 00:21:48,639
Speaker 4: leverage portfolio sounds sick, but there's that risk of getting

480
00:21:48,680 --> 00:21:52,000
Speaker 4: a margin call if your like margin in your portfolio

481
00:21:52,080 --> 00:21:55,000
Speaker 4: drops below eighty percent. Don't quote me on the eighty

482
00:21:55,040 --> 00:21:58,560
Speaker 4: percent because different products have different like margin call times,

483
00:21:58,880 --> 00:22:01,400
Speaker 4: so some might be if they're a lot more aggressive,

484
00:22:01,520 --> 00:22:04,160
Speaker 4: might be fifty percent summer ninety. You have to talk

485
00:22:04,200 --> 00:22:07,160
Speaker 4: to your financial advisor about that. The reason I think,

486
00:22:07,240 --> 00:22:09,000
Speaker 4: maybe just because I can hear in her voice like

487
00:22:09,080 --> 00:22:12,720
Speaker 4: she's relatively young, that a financial advisor might have recommended

488
00:22:12,760 --> 00:22:15,240
Speaker 4: that to her is because she could also maybe take

489
00:22:15,320 --> 00:22:17,320
Speaker 4: some equity out of a home loan she has. And

490
00:22:17,359 --> 00:22:19,480
Speaker 4: that's where I said, I don't have enough information about

491
00:22:19,480 --> 00:22:23,159
Speaker 4: this particular community member to know why this advisor is

492
00:22:23,200 --> 00:22:26,440
Speaker 4: putting this strategy on the table, because a standalone loan

493
00:22:27,440 --> 00:22:30,560
Speaker 4: I would be very apprehensive of, like a margin loan

494
00:22:31,080 --> 00:22:34,160
Speaker 4: for somebody who is you know, let's just pretend Jess,

495
00:22:34,560 --> 00:22:36,879
Speaker 4: actually no, because you just bought a house, you might

496
00:22:36,960 --> 00:22:39,359
Speaker 4: have some equity there. No, let's pretend beck Beg. You

497
00:22:39,400 --> 00:22:41,960
Speaker 4: don't have a house, you don't have any massive assets

498
00:22:42,400 --> 00:22:45,040
Speaker 4: to like borrow against so that you get a really

499
00:22:45,080 --> 00:22:47,480
Speaker 4: low interest rate. And a margin loan is usually a

500
00:22:47,560 --> 00:22:50,560
Speaker 4: higher interest rate because it's not secured against anything really

501
00:22:51,080 --> 00:22:53,160
Speaker 4: in comparison to property, which yeah, you might be able

502
00:22:53,200 --> 00:22:55,359
Speaker 4: to get a four or five percent interest rate, but

503
00:22:55,520 --> 00:22:57,920
Speaker 4: like the same doesn't happen in the margin lending world.

504
00:22:58,359 --> 00:23:00,560
Speaker 4: So I feel like I'm yabbering on a bit. Essentially,

505
00:23:00,640 --> 00:23:03,119
Speaker 4: one's a little bit more risky than the other. But

506
00:23:03,600 --> 00:23:06,840
Speaker 4: a lot of financial advisors might recommend if you want

507
00:23:06,880 --> 00:23:09,040
Speaker 4: to invest in the share market, and maybe you've got

508
00:23:09,280 --> 00:23:12,119
Speaker 4: let's say fifty thousand dollars in your offset account, they

509
00:23:12,160 --> 00:23:15,119
Speaker 4: might go, well, why don't we get fifty thousand dollars

510
00:23:15,200 --> 00:23:18,040
Speaker 4: out of your mortgage? Leave your fifty thousand dollars in

511
00:23:18,080 --> 00:23:20,560
Speaker 4: your offset account, but will take out a further fifty

512
00:23:20,600 --> 00:23:24,000
Speaker 4: thousand dollars in loans on your mortgage, So just like

513
00:23:24,200 --> 00:23:27,159
Speaker 4: take some equity, invest that and if things happen in

514
00:23:27,200 --> 00:23:29,760
Speaker 4: the market moves, we can use some of that offset

515
00:23:29,880 --> 00:23:32,200
Speaker 4: money to top it up, like we're not going to

516
00:23:32,280 --> 00:23:36,280
Speaker 4: be hamstrung. And that's where it might work really well.

517
00:23:36,720 --> 00:23:38,760
Speaker 4: And a lot of young people have started doing that

518
00:23:39,200 --> 00:23:41,479
Speaker 4: in saying that that is risky. Yes, it is more

519
00:23:41,560 --> 00:23:44,840
Speaker 4: tax effective, but at what tax level are you at

520
00:23:44,960 --> 00:23:47,680
Speaker 4: for it to be super effective? If that makes sense,

521
00:23:47,720 --> 00:23:49,879
Speaker 4: So it has to work with your strategy. Is it

522
00:23:49,960 --> 00:23:50,760
Speaker 4: a terrible idea?

523
00:23:51,160 --> 00:23:51,200
Speaker 1: No?

524
00:23:51,720 --> 00:23:55,119
Speaker 4: We actually recently or I actually recently recorded a money

525
00:23:55,200 --> 00:23:58,240
Speaker 4: diary with a diarist who has a leveraged portfolio where

526
00:23:58,240 --> 00:24:00,800
Speaker 4: they've taken equity out of their property invested it in

527
00:24:00,880 --> 00:24:03,520
Speaker 4: the share market, and they're doing it relatively, I would

528
00:24:03,520 --> 00:24:06,400
Speaker 4: say aggressively because they took seventy thousand dollars out chucked

529
00:24:06,480 --> 00:24:08,640
Speaker 4: that in the share market and they're planning on doing

530
00:24:08,760 --> 00:24:11,399
Speaker 4: that again. So I'm going to put the link to

531
00:24:11,640 --> 00:24:13,480
Speaker 4: that episode in the show notes because it is a

532
00:24:13,560 --> 00:24:16,520
Speaker 4: really good insight. But I would look into that, and

533
00:24:16,600 --> 00:24:18,720
Speaker 4: I would also just be doing a lot of research

534
00:24:18,840 --> 00:24:21,479
Speaker 4: into the type of gearing product you're using or if

535
00:24:21,520 --> 00:24:23,800
Speaker 4: it's from your mortgage. And honestly, I know there's a

536
00:24:23,840 --> 00:24:25,680
Speaker 4: lot of research that you want to do. But sit

537
00:24:25,800 --> 00:24:29,040
Speaker 4: down your advisor and say, why this particular strategy for

538
00:24:29,200 --> 00:24:31,800
Speaker 4: us if we've never done this before, Like why are

539
00:24:31,800 --> 00:24:33,680
Speaker 4: you recommending this? Did you go to them and ask

540
00:24:33,720 --> 00:24:35,640
Speaker 4: about margin lending or did you say can you borrow

541
00:24:35,720 --> 00:24:37,639
Speaker 4: money to like do this? Is it in line with

542
00:24:37,720 --> 00:24:39,720
Speaker 4: your risk profile? Like I'd be pushing that back on

543
00:24:39,800 --> 00:24:42,600
Speaker 4: your financial advisor to give you as many tools and

544
00:24:42,720 --> 00:24:45,520
Speaker 4: resources as possible because they should be providing.

545
00:24:45,200 --> 00:24:47,119
Speaker 2: Those, and you're going to do more research on that

546
00:24:47,480 --> 00:24:49,560
Speaker 2: when you borrow against your mortgage to invest.

547
00:24:49,720 --> 00:24:52,320
Speaker 4: It's called debt recycling, right, it can be called debt

548
00:24:52,359 --> 00:24:55,200
Speaker 4: recycling just because you're using debt to be a little

549
00:24:55,200 --> 00:24:58,680
Speaker 4: bit more tax effective. And that, again is another very

550
00:24:58,800 --> 00:25:02,800
Speaker 4: valid strategy. Has to be structured properly. And the pickle

551
00:25:02,840 --> 00:25:04,879
Speaker 4: that I see a lot of people getting into is

552
00:25:04,920 --> 00:25:07,120
Speaker 4: they want to set these things up, but then they're

553
00:25:07,200 --> 00:25:09,880
Speaker 4: not cleaning their house at tax time and actually making

554
00:25:09,920 --> 00:25:11,640
Speaker 4: the most of these things. They're just like, oh, that's

555
00:25:11,640 --> 00:25:13,439
Speaker 4: a good thing, let's set it up, and then they

556
00:25:13,520 --> 00:25:15,720
Speaker 4: forget about it, and they don't actually have their finger

557
00:25:15,800 --> 00:25:17,399
Speaker 4: on the pulse, and we're not making the most of it.

558
00:25:17,680 --> 00:25:21,159
Speaker 4: So these things sound sexy until you realize there's a

559
00:25:21,200 --> 00:25:23,440
Speaker 4: little bit of work in the background that consistently needs

560
00:25:23,480 --> 00:25:26,280
Speaker 4: to happen to make that work. Got you, That's where

561
00:25:26,280 --> 00:25:30,280
Speaker 4: I mean, Yeah, would you like the juicy dilemma?

562
00:25:30,480 --> 00:25:30,680
Speaker 5: Yes?

563
00:25:31,080 --> 00:25:33,320
Speaker 4: All right? This week we got a DM and it

564
00:25:33,440 --> 00:25:37,119
Speaker 4: sounded literally exactly like this, you're ready, hije's on the money.

565
00:25:37,480 --> 00:25:40,560
Speaker 4: I find gifting really tricky these days. Most of my

566
00:25:40,640 --> 00:25:43,159
Speaker 4: friends and family just buy what they want when they

567
00:25:43,240 --> 00:25:45,000
Speaker 4: want it, so it's really hard to come up with

568
00:25:45,119 --> 00:25:48,280
Speaker 4: something meaningful. Recently, It was my sister's birthday, and when

569
00:25:48,320 --> 00:25:51,240
Speaker 4: I asked what she'd like, she suggested something over three

570
00:25:51,359 --> 00:25:54,159
Speaker 4: hundred dollars, which was way out of my budget. I

571
00:25:54,280 --> 00:25:56,880
Speaker 4: felt guilty then that I couldn't afford it, especially since

572
00:25:56,920 --> 00:25:59,520
Speaker 4: we just moved house and I'm saving up for maternity leave.

573
00:26:00,080 --> 00:26:02,879
Speaker 4: On top of that, So many people ask for gift cards,

574
00:26:02,920 --> 00:26:06,080
Speaker 4: which just feels kind of impersonal and be pointless if

575
00:26:06,119 --> 00:26:09,160
Speaker 4: we're just swapping them around With Christmas coming up, I'd

576
00:26:09,240 --> 00:26:11,399
Speaker 4: love to know how others deal with this. Do you

577
00:26:11,440 --> 00:26:13,840
Speaker 4: guys set a budget? Do you push back on expensive

578
00:26:13,880 --> 00:26:16,119
Speaker 4: gift requests? So do you just go with the flow?

579
00:26:16,280 --> 00:26:19,440
Speaker 2: Interesting three dollars for a gift is you know, just

580
00:26:19,520 --> 00:26:21,160
Speaker 2: to expect someone to pay that is card?

581
00:26:21,240 --> 00:26:24,160
Speaker 4: That's wild. That's wild to me. I couldn't imagine being

582
00:26:24,280 --> 00:26:26,840
Speaker 4: like just saying, oh, v bat Day's coming up. Was

583
00:26:26,880 --> 00:26:29,679
Speaker 4: there anything you wanted? And me go, yeah, Ninja Creamy.

584
00:26:29,560 --> 00:26:34,560
Speaker 5: Well, yeah, brand new Dyson actually yeah, yeah, what It's insane.

585
00:26:34,840 --> 00:26:38,679
Speaker 2: I just I think that there's not necessarily a set price.

586
00:26:38,800 --> 00:26:40,960
Speaker 2: I think that it's whatever feels good to you.

587
00:26:41,200 --> 00:26:42,600
Speaker 4: I understand the gift card thing.

588
00:26:42,920 --> 00:26:46,119
Speaker 2: Having now heard the dilemma, I'm so pro gift card, Like,

589
00:26:46,240 --> 00:26:48,080
Speaker 2: nothing makes me happier than a little make a gift

590
00:26:48,119 --> 00:26:50,760
Speaker 2: card or something like that. But because I think you

591
00:26:50,800 --> 00:26:53,120
Speaker 2: can then purchase what you want. It's a fun experience,

592
00:26:53,160 --> 00:26:53,560
Speaker 2: et cetera.

593
00:26:54,000 --> 00:26:56,000
Speaker 4: But I do every money that you have to spend

594
00:26:56,200 --> 00:26:59,240
Speaker 4: at that location, don't transfer it to me, because that's

595
00:26:59,280 --> 00:27:02,320
Speaker 4: now my money and I have to be responsible with it. Yes,

596
00:27:02,400 --> 00:27:04,320
Speaker 4: I've got to pay a bill with it or something. Yeah, Yes,

597
00:27:04,440 --> 00:27:05,720
Speaker 4: I do think I understand.

598
00:27:05,760 --> 00:27:07,240
Speaker 2: Like if it was Christmas time, for example, and I

599
00:27:07,320 --> 00:27:08,840
Speaker 2: got you a gift card for fifty dollars, you've got

600
00:27:08,880 --> 00:27:10,520
Speaker 2: me a gift card for fifty dollars, you go, well.

601
00:27:10,400 --> 00:27:13,600
Speaker 4: Should we should have just kept it enough? Yes, So

602
00:27:13,680 --> 00:27:14,399
Speaker 4: I kind of.

603
00:27:14,400 --> 00:27:16,880
Speaker 2: See that perspective on it. But I think, like more broadly,

604
00:27:17,320 --> 00:27:19,159
Speaker 2: I don't find gift cards to be in personal I

605
00:27:19,200 --> 00:27:21,720
Speaker 2: think especially if you pick a store or an experience

606
00:27:21,720 --> 00:27:23,640
Speaker 2: of going, you know the person loves. I think that's

607
00:27:23,680 --> 00:27:26,760
Speaker 2: great in terms of determining how much to spend on somebody,

608
00:27:26,760 --> 00:27:28,119
Speaker 2: I mean, how long is a piece of string. It

609
00:27:28,200 --> 00:27:32,159
Speaker 2: really comes down to what's in budget for you, because you.

610
00:27:32,200 --> 00:27:35,959
Speaker 4: Need to spend a lot on Jess. Yeah, by the way,

611
00:27:36,040 --> 00:27:38,320
Speaker 4: budget for start planning now.

612
00:27:39,320 --> 00:27:40,840
Speaker 2: No, no, but I just you know, you can look

613
00:27:40,880 --> 00:27:42,560
Speaker 2: at group gifts I think are a really great way

614
00:27:42,640 --> 00:27:45,040
Speaker 2: to keep costs down. But also like some of my

615
00:27:45,119 --> 00:27:46,840
Speaker 2: favorite gifts that I've ever gotten have been things that

616
00:27:46,920 --> 00:27:49,000
Speaker 2: have been made for me and didn't necessarily cost a

617
00:27:49,040 --> 00:27:49,760
Speaker 2: lot of money at all.

618
00:27:49,920 --> 00:27:50,959
Speaker 4: Yes, I do not have the time.

619
00:27:51,040 --> 00:27:54,200
Speaker 2: You will be getting a gift card, goodbye and away.

620
00:27:54,720 --> 00:27:57,159
Speaker 2: I think that there's not necessarily a right answer. I

621
00:27:57,240 --> 00:27:59,600
Speaker 2: think it's more about the expectation that's been put on you,

622
00:27:59,640 --> 00:28:02,520
Speaker 2: because I think a gift is given with love and

623
00:28:02,680 --> 00:28:04,440
Speaker 2: no expectation should be put on that at all. Like,

624
00:28:04,560 --> 00:28:06,000
Speaker 2: you don't have to get me a gift.

625
00:28:05,840 --> 00:28:06,440
Speaker 3: For my birthday.

626
00:28:06,760 --> 00:28:09,520
Speaker 2: You got me digit that's the most exciting the other

627
00:28:09,560 --> 00:28:11,520
Speaker 2: But if you've got me a handwritten card, I would

628
00:28:11,560 --> 00:28:13,280
Speaker 2: have been equally as excited, and.

629
00:28:13,320 --> 00:28:15,800
Speaker 4: That I wouldn't have known. Yeah, I wouldn't have so

630
00:28:15,920 --> 00:28:18,760
Speaker 4: don't get me wrong, I appreciate that a lot. But

631
00:28:18,920 --> 00:28:22,080
Speaker 4: gifting is my love language. I think I've shared before

632
00:28:22,119 --> 00:28:24,879
Speaker 4: that I have a creepy list on my phone of

633
00:28:25,520 --> 00:28:28,359
Speaker 4: all these things that people have mentioned totally they want

634
00:28:28,720 --> 00:28:32,840
Speaker 4: or they're interested in, And like those comments are fleeting

635
00:28:33,359 --> 00:28:35,719
Speaker 4: so like, I wish I could divulge what's on Jess's

636
00:28:35,760 --> 00:28:38,200
Speaker 4: list right now, but I know those are things that

637
00:28:38,440 --> 00:28:40,960
Speaker 4: in passing she's been like that is so cool. I

638
00:28:41,000 --> 00:28:44,320
Speaker 4: would love that whatever. She's probably forgotten about half of those.

639
00:28:44,440 --> 00:28:47,080
Speaker 4: So when I come to Christmas time and I might go, Jess,

640
00:28:47,200 --> 00:28:49,200
Speaker 4: is there anything you want in particular, She's just gonna no,

641
00:28:49,440 --> 00:28:52,160
Speaker 4: I can't think of anything. So that list is saving

642
00:28:52,280 --> 00:28:56,240
Speaker 4: me because I know that that gift list like probably

643
00:28:56,400 --> 00:28:59,600
Speaker 4: rangers from I think about thirty dollars to a couple

644
00:28:59,600 --> 00:29:02,800
Speaker 4: of huns, just things that she wants. And I also

645
00:29:03,000 --> 00:29:05,680
Speaker 4: just I don't mind what it is. I'm just gonna

646
00:29:05,720 --> 00:29:08,040
Speaker 4: put it on the list. Like if Jess says, oh

647
00:29:08,160 --> 00:29:10,960
Speaker 4: I want this, you know, thousand dollars brand new diceent

648
00:29:11,040 --> 00:29:12,640
Speaker 4: Air rap, I'm gonna put it on my list because

649
00:29:12,680 --> 00:29:16,760
Speaker 4: it's gonna help inspire me for when I am gift giving.

650
00:29:17,040 --> 00:29:19,800
Speaker 4: So it gives me a theme of like, oh, Jess

651
00:29:19,840 --> 00:29:22,480
Speaker 4: has said over time that she wants these things, and

652
00:29:22,840 --> 00:29:24,840
Speaker 4: she wasn't asking for them. She was just in jest

653
00:29:24,960 --> 00:29:27,120
Speaker 4: going like, oh my god, I would love x YZ.

654
00:29:27,840 --> 00:29:29,480
Speaker 4: But keeping track of that is going to give me

655
00:29:29,560 --> 00:29:31,520
Speaker 4: a good insight as to like where I should start

656
00:29:31,600 --> 00:29:33,480
Speaker 4: looking if I'm looking for a gift at a different

657
00:29:33,600 --> 00:29:36,600
Speaker 4: price point. So Jess last air rap, she's mentioned that

658
00:29:36,680 --> 00:29:39,200
Speaker 4: she really wants the new one fantastic, but I don't

659
00:29:39,240 --> 00:29:42,200
Speaker 4: have that in budget. Maybe haircare is a good place

660
00:29:42,280 --> 00:29:44,240
Speaker 4: for me to start. Maybe I could go down the

661
00:29:44,280 --> 00:29:46,600
Speaker 4: route of like buying her a really nice hairbrush or something,

662
00:29:46,680 --> 00:29:50,080
Speaker 4: because clearly that's a line to her values. But it

663
00:29:50,160 --> 00:29:53,200
Speaker 4: still feels thoughtful, And I mean it's going to change

664
00:29:53,360 --> 00:29:56,920
Speaker 4: based on your personality. Some people are just not gift givers,

665
00:29:57,200 --> 00:29:59,880
Speaker 4: like I et my husband, and that's not a bad thing.

666
00:30:00,320 --> 00:30:03,600
Speaker 4: His love language is acts of service, so like come

667
00:30:03,680 --> 00:30:06,320
Speaker 4: my birthday, he will try to give me nice gifts,

668
00:30:06,360 --> 00:30:09,840
Speaker 4: and he absolutely does, but he's more about like I've

669
00:30:09,880 --> 00:30:13,040
Speaker 4: booked this nice dinner, or I've woken up early and

670
00:30:13,080 --> 00:30:14,719
Speaker 4: cleaned to the house and I've made pancakes and you're

671
00:30:14,720 --> 00:30:16,160
Speaker 4: going to have them in bed, and like all of

672
00:30:16,280 --> 00:30:18,720
Speaker 4: that stuff is his way of showing it. So it

673
00:30:18,800 --> 00:30:20,840
Speaker 4: doesn't I don't know. I think you have to understand

674
00:30:20,920 --> 00:30:23,640
Speaker 4: the person and their personality, yes, and what they like.

675
00:30:23,760 --> 00:30:26,840
Speaker 4: But yeah, the list I feel is very helpful because

676
00:30:26,840 --> 00:30:29,120
Speaker 4: it's not just about like, oh, I wrote a list

677
00:30:29,160 --> 00:30:31,720
Speaker 4: and now I've got a list of expensive stuff that's

678
00:30:31,840 --> 00:30:34,680
Speaker 4: not in much of for Jess. But sorry, Like if

679
00:30:34,720 --> 00:30:36,400
Speaker 4: we look at Jess's list, I can show you later

680
00:30:36,480 --> 00:30:39,280
Speaker 4: back there's like four hair care things on there totally,

681
00:30:39,520 --> 00:30:41,520
Speaker 4: So like that gives me a really good insight as

682
00:30:41,600 --> 00:30:44,520
Speaker 4: to maybe what she's interested in at the moment. Yeah,

683
00:30:44,600 --> 00:30:46,480
Speaker 4: so that even if I'm getting her something that she

684
00:30:46,600 --> 00:30:49,240
Speaker 4: hasn't asked for because I'm looking at a budget, it's

685
00:30:49,360 --> 00:30:52,800
Speaker 4: really on brand for what she's currently engaging in totally.

686
00:30:52,880 --> 00:30:55,320
Speaker 5: And if all else fails, I like to check people's

687
00:30:55,520 --> 00:30:57,360
Speaker 5: Pinterest if they have one, I like to check you

688
00:30:57,440 --> 00:30:59,840
Speaker 5: really follow on Instagram, like Baby's clever.

689
00:31:00,040 --> 00:31:02,120
Speaker 3: Maybe they follow like Fentin and Fentin.

690
00:31:02,480 --> 00:31:05,760
Speaker 5: I cannot afford anything from there, but but the vibe,

691
00:31:05,800 --> 00:31:08,040
Speaker 5: the vibes, like maybe even like a cutlery set, like

692
00:31:08,080 --> 00:31:10,200
Speaker 5: sometimes they have really nice place mats y like twenty bucks.

693
00:31:10,480 --> 00:31:13,120
Speaker 4: So just follow see who you are way smarter than me.

694
00:31:13,160 --> 00:31:14,280
Speaker 4: I just am a stalker.

695
00:31:14,840 --> 00:31:16,920
Speaker 5: You got a stalk and then you end up but

696
00:31:17,040 --> 00:31:18,440
Speaker 5: it does take hours because you do end up in

697
00:31:18,520 --> 00:31:21,080
Speaker 5: like real rabbit holes, you know, Like, so see who

698
00:31:21,120 --> 00:31:24,120
Speaker 5: they follow, and also what they engage content they engage in.

699
00:31:24,120 --> 00:31:26,840
Speaker 5: Because sometimes I follow people that I would not like anymore,

700
00:31:26,880 --> 00:31:28,479
Speaker 5: you know what I mean, like like styles I wouldn't

701
00:31:28,480 --> 00:31:30,320
Speaker 5: like anymore. So I guess like do that if you

702
00:31:30,400 --> 00:31:34,040
Speaker 5: have the time. Some people aren't super like creativity doesn't

703
00:31:34,080 --> 00:31:36,520
Speaker 5: like excite them, and that's completely fine. But what you

704
00:31:36,600 --> 00:31:38,800
Speaker 5: can do is, like say someone's really stressed, you can

705
00:31:38,880 --> 00:31:40,720
Speaker 5: just make them like a hamper that with like written

706
00:31:40,760 --> 00:31:41,720
Speaker 5: handwritten things.

707
00:31:41,640 --> 00:31:44,840
Speaker 3: Like here is some salts. Do this first step one,

708
00:31:45,240 --> 00:31:47,840
Speaker 3: have a bath, step two, make tea. But you're so.

709
00:31:48,040 --> 00:31:51,600
Speaker 4: Thoughtful, like you have acts of service and gift giving

710
00:31:51,720 --> 00:31:53,480
Speaker 4: as a love language or mashed together.

711
00:31:53,800 --> 00:31:56,840
Speaker 5: It's a real it's a real combination and end up

712
00:31:56,840 --> 00:31:57,640
Speaker 5: spending so much money.

713
00:31:57,840 --> 00:31:59,680
Speaker 4: But so you can just do something like that.

714
00:31:59,720 --> 00:32:03,680
Speaker 5: Where's like handwritten hampers that are just like yeah, yes,

715
00:32:04,480 --> 00:32:07,000
Speaker 5: have a self careno, do this first, like a mind

716
00:32:07,080 --> 00:32:09,200
Speaker 5: map of sorts, you know, and like I would love

717
00:32:09,280 --> 00:32:12,520
Speaker 5: talking through the process. And then it's like so cheap salts,

718
00:32:12,960 --> 00:32:15,360
Speaker 5: tea bags, that's all you need to spend. The rest

719
00:32:15,440 --> 00:32:18,560
Speaker 5: is handwritten, you know, I think, like something that's like

720
00:32:18,680 --> 00:32:21,840
Speaker 5: curated for them. Yeah, and it can be a gift

721
00:32:21,840 --> 00:32:25,200
Speaker 5: card especially if it's something that is like niche. You

722
00:32:25,320 --> 00:32:29,440
Speaker 5: say you've you've seen they follow Florian Florian homewares on

723
00:32:29,520 --> 00:32:30,120
Speaker 5: wrath down Stree.

724
00:32:30,120 --> 00:32:30,320
Speaker 4: I don't.

725
00:32:30,320 --> 00:32:30,840
Speaker 3: If you guys know.

726
00:32:32,360 --> 00:32:34,440
Speaker 5: Really great homewares, you get a gift card for something

727
00:32:34,480 --> 00:32:37,240
Speaker 5: like that and they're like, oh, this is personal.

728
00:32:37,440 --> 00:32:37,640
Speaker 2: You know.

729
00:32:38,280 --> 00:32:40,680
Speaker 5: It's not as impersonal as like a Visa gift card

730
00:32:40,760 --> 00:32:43,080
Speaker 5: or something, even though those are really cool. It's something

731
00:32:43,560 --> 00:32:44,000
Speaker 5: very very.

732
00:32:43,960 --> 00:32:45,360
Speaker 4: Much gift card.

733
00:32:45,400 --> 00:32:48,959
Speaker 5: I love it. I love I love a gift card.

734
00:32:49,120 --> 00:32:51,240
Speaker 4: If you're worried about the persons what I give every

735
00:32:51,320 --> 00:32:53,920
Speaker 4: Christmas to all our team members, because I'm like, I do, sorry,

736
00:32:54,280 --> 00:32:58,040
Speaker 4: what do we like better at Christmas than a gift cash?

737
00:32:58,240 --> 00:32:58,960
Speaker 4: Absolutely so?

738
00:32:59,640 --> 00:33:00,920
Speaker 5: And also are you going to spend it on something

739
00:33:00,960 --> 00:33:02,160
Speaker 5: that you want to spend it on? If it was

740
00:33:02,280 --> 00:33:03,600
Speaker 5: just cash, you're like you would do something.

741
00:33:04,400 --> 00:33:06,160
Speaker 4: Don't get me wrong. I know Jess loves a mecha

742
00:33:06,240 --> 00:33:09,440
Speaker 4: gift card, but like coming into Christmas, I'm like, here

743
00:33:09,640 --> 00:33:12,200
Speaker 4: is a Visa gift card. I feel like I love

744
00:33:12,280 --> 00:33:15,520
Speaker 4: it from an employer as well. It's very different than

745
00:33:15,760 --> 00:33:18,160
Speaker 4: me gifting friends. So like the way I give Jess

746
00:33:18,280 --> 00:33:21,000
Speaker 4: on her birthday and stuff is because we're friends, I

747
00:33:21,080 --> 00:33:23,320
Speaker 4: really am her employer. But at Christmas, I'm like, well,

748
00:33:23,360 --> 00:33:26,120
Speaker 4: everyone gets a quality, we all get exactly the same thing.

749
00:33:26,440 --> 00:33:28,000
Speaker 4: I don't want to like do one thing for one

750
00:33:28,040 --> 00:33:30,160
Speaker 4: person and then have them thinking wow, I feel so

751
00:33:30,280 --> 00:33:32,120
Speaker 4: thought of, and then the next person being like, wow,

752
00:33:32,240 --> 00:33:33,760
Speaker 4: she doesn't know me at all. Like I just do

753
00:33:33,920 --> 00:33:36,040
Speaker 4: not want to set myself up for that. But also

754
00:33:36,520 --> 00:33:39,520
Speaker 4: I don't know this joke. Actually I do know my

755
00:33:39,920 --> 00:33:43,560
Speaker 4: most of my team's personal financial situations because of who

756
00:33:43,600 --> 00:33:46,080
Speaker 4: I am and what I do, but I also don't know,

757
00:33:46,520 --> 00:33:49,200
Speaker 4: and I don't want to guess. And sorry, visa gift

758
00:33:49,200 --> 00:33:51,440
Speaker 4: card might be taking some pressure off you buying some

759
00:33:51,600 --> 00:33:55,440
Speaker 4: Christmas gifts or chopping up the Christmas table or whatever,

760
00:33:55,880 --> 00:33:57,520
Speaker 4: or do what you want with it and spend it

761
00:33:57,600 --> 00:34:00,600
Speaker 4: on yourself. Absolutely, but just that idea that there's not

762
00:34:00,720 --> 00:34:02,960
Speaker 4: a lot of strings attached to that gift. There's no

763
00:34:03,160 --> 00:34:05,600
Speaker 4: like I have to spend it at Mecca. Yeah, but

764
00:34:05,680 --> 00:34:07,520
Speaker 4: instead of really, I spent a mecha gift card this

765
00:34:07,680 --> 00:34:11,640
Speaker 4: week and oh it felt so bad. Oh so Charlotte

766
00:34:11,640 --> 00:34:14,800
Speaker 4: Tilbury holiday palette that's just come out. I can't remember

767
00:34:14,840 --> 00:34:16,759
Speaker 4: what it's called, but it has the eye shadow It

768
00:34:16,880 --> 00:34:19,400
Speaker 4: has the bronzes and it has the blush all in

769
00:34:19,520 --> 00:34:23,239
Speaker 4: one little pink like rose goldie palette. And I was

770
00:34:23,320 --> 00:34:25,520
Speaker 4: looking at the one from last year and I really

771
00:34:25,600 --> 00:34:27,200
Speaker 4: wanted it, but I wasn't going to buy myself like

772
00:34:27,239 --> 00:34:30,239
Speaker 4: a holiday palette. But I had a gift card that

773
00:34:30,320 --> 00:34:33,160
Speaker 4: I've been hoarding in my wallet for so long, and

774
00:34:33,200 --> 00:34:35,560
Speaker 4: I was like, actually, I'm going to get the palette

775
00:34:35,600 --> 00:34:37,160
Speaker 4: and now I have it. It feels fancy.

776
00:34:37,440 --> 00:34:39,800
Speaker 2: Yeah, And you were sparing money, and that's the benefit

777
00:34:39,920 --> 00:34:41,120
Speaker 2: or power of a gift card. I know.

778
00:34:41,600 --> 00:34:43,320
Speaker 5: I also on one of the gift card trains, what

779
00:34:43,440 --> 00:34:44,840
Speaker 5: you know, but pread.

780
00:34:44,640 --> 00:34:46,600
Speaker 4: Gift card, well, then be not pro gift card, all right.

781
00:34:46,680 --> 00:34:48,800
Speaker 4: So we did ask the community a couple of questions

782
00:34:48,840 --> 00:34:51,480
Speaker 4: before I so, well, what's your two cents? First, we

783
00:34:51,560 --> 00:34:55,240
Speaker 4: asked how do you manage gift giving for adults? Forty

784
00:34:55,320 --> 00:34:57,520
Speaker 4: six percent of you said, I just budget and I

785
00:34:57,640 --> 00:35:00,800
Speaker 4: limited per person, which I think is fair. Thirty percent

786
00:35:00,840 --> 00:35:03,560
Speaker 4: of people then said, we just do secret Santa style,

787
00:35:03,880 --> 00:35:06,279
Speaker 4: which I think is I kind of love that the

788
00:35:06,320 --> 00:35:08,200
Speaker 4: pressure has been taken off my friend group does that

789
00:35:09,000 --> 00:35:11,919
Speaker 4: is twenty two percent of people said, well, actually, coming

790
00:35:11,920 --> 00:35:14,440
Speaker 4: into Christmas, we only ever buy for the kids, and

791
00:35:14,560 --> 00:35:17,720
Speaker 4: then two percent of people it must be nice said

792
00:35:18,120 --> 00:35:20,719
Speaker 4: we just get whatever they ask for, no matter the budget. Oh,

793
00:35:21,280 --> 00:35:25,320
Speaker 4: I couldn't, Dams, I have a Charistmas wish list for you.

794
00:35:25,920 --> 00:35:26,080
Speaker 2: Yes.

795
00:35:27,600 --> 00:35:30,239
Speaker 4: So the next question we asked was, Jess, how do

796
00:35:30,320 --> 00:35:33,600
Speaker 4: we feel about gift cards? Thirty one percent of you

797
00:35:33,800 --> 00:35:37,400
Speaker 4: said it's fine if it's thoughtful, twenty eight percent of

798
00:35:37,480 --> 00:35:40,840
Speaker 4: you said love them so easy, twenty two percent of

799
00:35:40,920 --> 00:35:44,440
Speaker 4: you said no, they feel impersonal, and eighteen percent of

800
00:35:44,520 --> 00:35:46,720
Speaker 4: you said it's a pointless swap fest.

801
00:35:47,000 --> 00:35:48,680
Speaker 2: I do understand that, Like I said, if it's like

802
00:35:48,719 --> 00:35:50,680
Speaker 2: everyone's doing it once, you're all giving the same amount

803
00:35:50,719 --> 00:35:51,000
Speaker 2: of money.

804
00:35:51,120 --> 00:35:54,799
Speaker 4: But yeah, when we asked the community, I said, look, guys,

805
00:35:54,880 --> 00:35:58,120
Speaker 4: what's your two cents? And I feel like the community

806
00:35:58,200 --> 00:36:00,520
Speaker 4: has our backs. It's so funny sometimes I read through

807
00:36:00,560 --> 00:36:02,920
Speaker 4: these and it's just validating because they're all like in

808
00:36:03,080 --> 00:36:06,319
Speaker 4: the same headspace. First person said, I actually think it's

809
00:36:06,400 --> 00:36:08,279
Speaker 4: so wild for someone to ask for a gift that

810
00:36:08,360 --> 00:36:10,880
Speaker 4: costs more than hundred dollars. I completely agree, and I

811
00:36:11,000 --> 00:36:14,279
Speaker 4: was like, you're right, queen. Yeah. Next person said, this year,

812
00:36:14,320 --> 00:36:16,640
Speaker 4: I'm upfront and I'm just saying no, gifts like, not

813
00:36:16,760 --> 00:36:18,839
Speaker 4: for them, not for me. I'd rather have a meal

814
00:36:18,920 --> 00:36:22,319
Speaker 4: with them and actually spend quality time. Next person said,

815
00:36:22,360 --> 00:36:24,800
Speaker 4: our family now skips the presence. Instead we just do

816
00:36:24,880 --> 00:36:28,680
Speaker 4: a night away together. That's really fun. Someone said homemade

817
00:36:28,719 --> 00:36:31,359
Speaker 4: gifts are literally the best. I'd take a homemade treat

818
00:36:31,600 --> 00:36:35,360
Speaker 4: of any gift card, et cetera. What's your thing, homemade handmaid, No,

819
00:36:35,640 --> 00:36:38,680
Speaker 4: homemade handmaid or second hand is on my husband's side

820
00:36:38,680 --> 00:36:42,400
Speaker 4: of the family's like Christmas Secret Santa rules.

821
00:36:42,800 --> 00:36:43,399
Speaker 3: That's very good.

822
00:36:43,560 --> 00:36:47,239
Speaker 4: It's so fun too. I remember a couple of years

823
00:36:47,280 --> 00:36:50,759
Speaker 4: ago I found on Facebook marketplace somebody I think it

824
00:36:50,800 --> 00:36:53,040
Speaker 4: was like fifty bucks or something. They were selling a

825
00:36:53,160 --> 00:36:56,520
Speaker 4: kid's kitchen and it was fun. Like if you've been

826
00:36:56,560 --> 00:36:59,320
Speaker 4: listening for a while, you're reading this, you know this story.

827
00:36:59,360 --> 00:37:03,120
Speaker 4: But apology, but Facebook marketplace kids kitchen for my niece

828
00:37:03,160 --> 00:37:06,160
Speaker 4: and nephew. But it was like, the fancy one that

829
00:37:06,560 --> 00:37:09,279
Speaker 4: was from Pottery Barn would have been so expensive. But

830
00:37:09,360 --> 00:37:11,239
Speaker 4: when I got there, he's like, oh, and you can

831
00:37:11,360 --> 00:37:14,040
Speaker 4: have everything in it, so like the little pots, the

832
00:37:14,120 --> 00:37:18,600
Speaker 4: little pans, the veltgro freezing vegetables, like the little shopping basket. Everything.

833
00:37:18,640 --> 00:37:21,840
Speaker 4: And I was like are you sure anyway? Fifty bucks

834
00:37:21,960 --> 00:37:24,120
Speaker 4: best fiftyfty bucks I've ever spent. And I think they've

835
00:37:24,200 --> 00:37:26,480
Speaker 4: only just gotten rid of it because they're now a

836
00:37:26,560 --> 00:37:28,520
Speaker 4: lot older. Because it turns out this podcast is old,

837
00:37:29,400 --> 00:37:32,120
Speaker 4: but it lived in their playhouse for ages and they

838
00:37:32,400 --> 00:37:34,919
Speaker 4: they were obsessed, and that just barked so much joy

839
00:37:35,000 --> 00:37:37,520
Speaker 4: and the idea that I was giving new life to it. Yeah,

840
00:37:37,800 --> 00:37:40,160
Speaker 4: that's a great little way. I feel like, yes, definitely.

841
00:37:40,360 --> 00:37:40,400
Speaker 1: So.

842
00:37:40,520 --> 00:37:42,759
Speaker 4: Next person said I love gift cards when saving for

843
00:37:42,800 --> 00:37:45,800
Speaker 4: a big purchase. I'm like Jess, I really want a

844
00:37:45,840 --> 00:37:49,000
Speaker 4: kitchen aid, and I love knowing that everybody helped to

845
00:37:49,080 --> 00:37:52,120
Speaker 4: get me a gift I really wanted. Another person said

846
00:37:52,160 --> 00:37:54,960
Speaker 4: I always buy books. You can get something cheap but

847
00:37:55,160 --> 00:37:58,680
Speaker 4: also really meaningful and personal. Cheese on the Money is

848
00:37:58,680 --> 00:38:01,400
Speaker 4: a really good, really personal book for most people. So

849
00:38:01,560 --> 00:38:03,719
Speaker 4: if you're looking for a Christmas gift or property with

850
00:38:03,760 --> 00:38:06,520
Speaker 4: investing with money, yuh, any of them? I actually wrote

851
00:38:06,560 --> 00:38:10,120
Speaker 4: five books. I wrote five. That's crazy. I won't do

852
00:38:10,239 --> 00:38:13,440
Speaker 4: that again. Joke's on you. You'll probably try at some point. Anyway,

853
00:38:13,880 --> 00:38:16,239
Speaker 4: I have two more for you. Next person said, I

854
00:38:16,280 --> 00:38:19,080
Speaker 4: actually love giving restaurant gift cards, as they can be

855
00:38:19,200 --> 00:38:21,600
Speaker 4: really fun and personal, but they're very easy. And then

856
00:38:21,719 --> 00:38:24,600
Speaker 4: last person said, we actually all put in money for

857
00:38:24,760 --> 00:38:28,080
Speaker 4: food for Christmas instead, and then everybody wins and we

858
00:38:28,160 --> 00:38:31,400
Speaker 4: are all well fed, or different ways that people do

859
00:38:31,560 --> 00:38:35,600
Speaker 4: it to start the conversation with your family, Like it

860
00:38:35,719 --> 00:38:38,279
Speaker 4: doesn't just happen, Like it's not something that you go,

861
00:38:38,680 --> 00:38:40,480
Speaker 4: oh my god, all of a sudden, we're doing Homeman

862
00:38:40,520 --> 00:38:42,759
Speaker 4: hammam or secondhand, like you have to kind of be

863
00:38:42,840 --> 00:38:45,040
Speaker 4: like in group chat, drop a few hints like hey,

864
00:38:45,160 --> 00:38:47,000
Speaker 4: I was listening to a pod and this seemed like

865
00:38:47,080 --> 00:38:49,440
Speaker 4: a really good way for us all to just like

866
00:38:49,680 --> 00:38:52,239
Speaker 4: make Christmas a lot less stressful. So I would lead

867
00:38:52,320 --> 00:38:54,480
Speaker 4: with that as opposed to like, oh, I want to

868
00:38:54,520 --> 00:38:56,759
Speaker 4: make Christmas cheaper because some people don't take it the

869
00:38:56,800 --> 00:38:59,040
Speaker 4: same way that you or I would like, Oh, it's

870
00:38:59,040 --> 00:39:01,000
Speaker 4: a lot less stressful for only buying one gift and

871
00:39:01,040 --> 00:39:03,200
Speaker 4: then someone gets a present that's worth a bit more.

872
00:39:03,280 --> 00:39:05,640
Speaker 4: There's more value, more time and energy put into it,

873
00:39:06,040 --> 00:39:09,760
Speaker 4: and what a cool concept. So I think that's probably

874
00:39:09,800 --> 00:39:11,000
Speaker 4: where we should leave it this week.

875
00:39:11,120 --> 00:39:12,120
Speaker 3: Yeah, let's gorgeous.

876
00:39:12,239 --> 00:39:14,600
Speaker 4: Well, we'll see you bright and early on Monday morning

877
00:39:14,640 --> 00:39:16,560
Speaker 4: for a money dary. But till then have the best

878
00:39:16,640 --> 00:39:19,640
Speaker 4: weekend and guys do not forget. Ms jesscot Richie is

879
00:39:19,680 --> 00:39:23,520
Speaker 4: the proud owner of a block of plans next Guys,

880
00:39:23,760 --> 00:39:32,520
Speaker 4: see you Guys by Guys. The ad buy shared on

881
00:39:32,680 --> 00:39:35,080
Speaker 4: She's on the Money is general in nature and does

882
00:39:35,200 --> 00:39:39,120
Speaker 4: not consider your individual circumstances. She's on the Money exists

883
00:39:39,280 --> 00:39:42,480
Speaker 4: purely for educational purposes and should not be relied upon

884
00:39:42,560 --> 00:39:45,560
Speaker 4: to make an investment or financial decision. If you do

885
00:39:45,760 --> 00:39:48,680
Speaker 4: choose to buy a financial product, read the PDS TMD

886
00:39:48,880 --> 00:39:50,840
Speaker 4: and obtain appropriate financial.

887
00:39:50,520 --> 00:39:52,240
Speaker 3: Advice tailored towards your needs.

888
00:39:52,680 --> 00:39:56,560
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

889
00:39:56,640 --> 00:39:57,040
Speaker 4: of money.

890
00:39:57,120 --> 00:39:58,680
Speaker 3: Sheper Pty Ltd

891
00:39:58,960 --> 00:40:02,399
Speaker 4: ABN three two one six four nine two seven seven

892
00:40:02,560 --> 00:40:05,359
Speaker 4: zero eight a f s L four five one two

893
00:40:05,480 --> 00:40:06,000
Speaker 4: eight nine