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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 glennyan Ganya, Niana,

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Speaker 1: kaka ya Ya bin Ahaka nian Ar gay In Nimbina

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Speaker 1: yakarum jar dominyamiga Umagahawakaman damon Imlan wimber bang gadabomba in

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Speaker 1: 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 2: Hello and welcome to She's on the Money, the podcast

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Speaker 2: that makes personal finance fun, especially on Fridays. It is

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Speaker 2: our favorite day of the week because we get to

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Speaker 2: get together and celebrate you and my ailing voice. How beautiful.

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Speaker 2: She's on the Money Community. The incredible Miss Jess Gricci

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Speaker 2: is going to be sharing our favorite money wins. Miss

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Speaker 2: Becksayed as always, has a few cheeky broke tips lined

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Speaker 2: up for us, and we're going to be helping to

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Speaker 2: answer her money dilemma, wanting to know more about managed

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Speaker 2: portfolios and whether they're a good option and something that

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Speaker 2: you slid into our DMS about this week. What do

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Speaker 2: you do when your partner is getting a little bit

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Speaker 2: too obsessed with Black Friday? Oh mister, could you maybe

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Speaker 2: resonate with that question? Do you think Jay might be

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Speaker 2: the partner? Yes, James into the show?

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Speaker 3: Help me?

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Speaker 4: There's so many boxers.

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Speaker 2: Oh, no, you know what I feel like. That's where

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Speaker 2: me sometimes working from home has come in clutch because

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Speaker 2: I hear them come in and I just like usher

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Speaker 2: them into my office and no a package here, generally,

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Speaker 2: tell you what are you talking about? Definitely not besties

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Speaker 2: with the Postman exactly. Before I get to our question

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Speaker 2: for the team, would you guys like to hear a

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Speaker 2: little bit of a five star review? Course? All right?

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Speaker 2: This one is from med Love's photography Cute five stars.

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Speaker 2: Listening to Shares on the Money has honestly changed my

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Speaker 2: life and my whole perspective on money. I've set up

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Speaker 2: an emergency fund, started investing with shares Is. I've been

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Speaker 2: contributing extra to super to get it up to where

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Speaker 2: it should be and have a fun money account which

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Speaker 2: I stick to every week. Having this system and knowledge

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Speaker 2: of why this is all important makes me feel so

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Speaker 2: much more in control. As a millennial who had little

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Speaker 2: financial education growing up, who worked a series of casual

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Speaker 2: and part time jobs well into my thirties, I can

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Speaker 2: now say that, although I still have a lot of

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Speaker 2: catching up to do, I feel like I am very

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Speaker 2: well on my way to financial freedom. I've told all

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Speaker 2: my friends and anyone honestly who will listen about She's

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Speaker 2: on the Money, and recommended the podcast and all of

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Speaker 2: your associated books to my friends. Thank you, thank you,

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Speaker 2: thank you.

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Speaker 5: My god.

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Speaker 2: That's amazing.

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Speaker 5: That is amazing, And it sounds like that's me like

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Speaker 5: writing in like cause that's all the casual jobs, part

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Speaker 5: time jobs. It's so cool to know that you can

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Speaker 5: you can turn it around at any moment.

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Speaker 2: It's actually crazy. I didn't get in a fight. I

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Speaker 2: got in a slight disagreement with someone in some comments

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Speaker 2: online this week because someone commented on one of our

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Speaker 2: money diaries and said, oh, well, this is so unrelatable,

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Speaker 2: and I was like, but it's not, though, like if

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Speaker 2: I had a billionaire or like I showed something like

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Speaker 2: you know, maybe I was talking about, oh, well, to

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Speaker 2: create wealth, you need to have a business and you

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Speaker 2: need to do this in each that I was like, no, no, no, like,

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Speaker 2: I haven't shown something you're not capable of. And I

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Speaker 2: think I was just really defensive because I was like, God,

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Speaker 2: I've shown a single mom who's single handedly has two

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Speaker 2: jobs and like is running rings around it and still

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Speaker 2: saving and investing, and yes, it's not at the levels

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Speaker 2: she wants it to be at, but she's creating wealth herself.

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Speaker 2: And I just go, no, it might not be relatable

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Speaker 2: to your situation right now, but it's not unreally stick

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Speaker 2: And I think that's where I get a little bit frustrated,

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Speaker 2: because I'm like, there's a difference between unrelatable. You know,

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Speaker 2: you watch influences online and they're buying million dollar homes

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Speaker 2: and just like living lives that genuinely are very unrealistic

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Speaker 2: for the average person. But we're not talking usually about

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Speaker 2: that type of wealth. We're talking about, Hey, baby, if

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Speaker 2: you've got your emergency fund set up, are you investing

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Speaker 2: for the future. Have you structured? You're super? Right? Are you?

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Speaker 2: And sixty five year old? You're going to be all good?

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Speaker 2: And usually in our community, the answer if you're proactive

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Speaker 2: is yes, because you still do have to do the work.

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Speaker 2: But like five star review, thank you for sharing it

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Speaker 2: with us. But girl, you did the work.

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Speaker 4: Yeah, you've tapped a lot of things too, Like she's

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Speaker 4: investing on chances, she's done her super she's doing all

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Speaker 4: these bits and pieces right, exciting and like chie.

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Speaker 2: That you did for future you, and she's gonna thrive.

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Speaker 2: It sounds like she already is. And that's my favorite

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Speaker 2: part about our community. That's amazing time. All right, Well,

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Speaker 2: would you guys like the question of the week?

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Speaker 1: Yes?

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Speaker 2: Please? I feel like there's have been getting unhinged. So

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Speaker 2: here's me. I'm reducing this segment. I'm thinking they're gonna

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Speaker 2: ask beck on her opinion of Super. No, you guys

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Speaker 2: really just took this. You can ask us anything and

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Speaker 2: lead with it. The more the better, I say. Yeah,

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Speaker 2: it's time for our favorite part or my favorite part

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Speaker 2: of Friday Drinks, where literally you ask us questions that

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Speaker 2: you are dying to know the answer to, and it

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Speaker 2: literally can be about anything, even shopping tips like this

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Speaker 2: one from Alisha, who says, where are your girls shopping

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Speaker 2: for an affordable black tie dress?

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Speaker 4: No?

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Speaker 2: No, no, you have to go to the fanciest wedding you've

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Speaker 2: ever been to. Where are you're going shopping? I'm going

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Speaker 2: to uniclue love. But what are you picking out? Tell me?

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Speaker 2: Like the vibe if I say, and I think that

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Speaker 2: makes it easier, Like we're not just shopping for a

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Speaker 2: black tiev it. Let's say you got hearted to a

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Speaker 2: black tie wedding. You love the person, you want to

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Speaker 2: look your best. What's the outfit vibe?

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Speaker 5: I'm going a satin oversized teatly okay, sleigh, and I'm

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Speaker 5: going to do it all the way to the top.

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Speaker 2: Yeah, it's gonna be like like a button up okay,

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Speaker 2: way to the top and then oversized long pant business

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Speaker 2: pant ye ye.

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Speaker 5: With a belt and so you can I'm pretty sure

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Speaker 5: you can get. I don't know about the satin part

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Speaker 5: of this outfit.

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Speaker 2: I feel like Unicloid does do satin, yes, or you

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Speaker 2: just get a giant shirt.

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Speaker 5: Also, I never know the difference between T shirt and shirt.

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Speaker 5: I'm saying shirt with the button.

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Speaker 2: Shirt has like the collar and the button us. Okay,

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Speaker 2: shirt is like that rounded neck that you're we you

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Speaker 2: got you got to you so shirt.

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Speaker 5: And then I'm just honestly for shoes, whatever the hell

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Speaker 5: you want, because you make it up look nice. But

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Speaker 5: I think just honestly going a kmart and getting like

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Speaker 5: those school shoes.

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Speaker 2: Yeah, that's good. You've got a pair of those. Yeah

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Speaker 2: you look shaking them. Thank you so much.

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Speaker 5: And I wouldn't be spending more than for yours, unfortunately

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Speaker 5: because they can't. But if I was going to really

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Speaker 5: really go out, I don't have a place in mind

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Speaker 5: other than Nuklo.

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Speaker 2: I'm so sorry, but I kind of love that's like

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Speaker 2: Beck showing up as Beck. Thank you. Yes, I can't,

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Speaker 2: And when the question came through, I'm like, I cannot

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Speaker 2: for the life of me. Imagine you no getting into

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Speaker 2: a black tied dress and being comfortable. Yeah, no, do that,

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Speaker 2: I'll try, Jess. Where are you shopping?

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Speaker 4: I think for the best price secondhand is the go

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Speaker 4: Facebook marketplace deepot because obviously black tie is quite formal.

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Speaker 2: My favorite.

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Speaker 4: I don't want to say it's super cheap, but you

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Speaker 4: can pick things up on sale. Meshki does a love

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Speaker 4: really great range from more casual through to what I

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Speaker 4: think is totally fine for black tie.

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Speaker 2: Now they have a whole segment on their website called

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Speaker 2: black Tie.

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Speaker 4: They don't even realize that money wim and I think

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Speaker 4: that they do sales pretty frequently. You can do cash

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Speaker 4: back and things like that to help bring cross down.

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Speaker 4: But relative to what you can find yourself spending for

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Speaker 4: black tie, I think they're quite a reasonable price point

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Speaker 4: for a lot of their pieces.

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Speaker 2: Okay, I agree. A lot of my formal dresses historically

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Speaker 2: have actually come from Chic. Oh she does gorgeous. Yeah,

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Speaker 2: and I find I don't know why you are so planned,

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Speaker 2: but like, yes, you're right deep hop, Facebook, market Place,

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Speaker 2: et cetera. Well, yeah, if you've got the time or

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Speaker 2: honestly hiring a dress. That's something that I have been

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Speaker 2: doing a lot of recently because I just know I

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Speaker 2: want a dress that I've not worn. It's black tie.

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Speaker 2: I'm sorry, I know already I'm never gonna wear it again.

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Speaker 2: I've got this one black tie dress that I bought

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Speaker 2: during UNI that honestly I wore for every single UNI

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Speaker 2: event because like, sorry, it was from Chic, which is

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Speaker 2: you know, I just always was there, but like every event,

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Speaker 2: I just wore that dress when it was like uniball

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Speaker 2: or whatever because I was like, well, I don't have

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Speaker 2: the funds to go buy a new dress, and like,

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Speaker 2: I really like this one, so I just kept wearing

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Speaker 2: and it looked really good. Not gonna lie, but yeah,

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Speaker 2: I would go chic if I didn't have the time

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Speaker 2: to source something. But you bought a formal dress not

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Speaker 2: long ago. Was it racquet Club?

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Speaker 5: Oh?

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Speaker 2: Yes, rack Club are great. Yeah, I remember you being like, gee,

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Speaker 2: this was like thirty dollars and I have no event

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Speaker 2: to wear it too, but like I just know I'm

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Speaker 2: going to get aware out of this.

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Speaker 4: Yeah.

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Speaker 2: Yeah.

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Speaker 4: They're a consignment store, which is another really good option.

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Speaker 4: So they're in Melbourne. They have I think three locations.

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Speaker 4: I've sold stuff there to. It's great for that as well.

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Speaker 4: But yeah, similar thing like a consignment see might have luck.

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Speaker 4: And I feel like formal dresses are something that a

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Speaker 4: lot of people do sell on because you wear it

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Speaker 4: once maybe twice, and you go, oh, I don't know

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Speaker 4: that I would wear it again, So you can often

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Speaker 4: pick them up places like that really cheap.

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Speaker 2: Do you know what I would also recommend if you've

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Speaker 2: got a good friends group, which I know some of

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Speaker 2: us don't have that. But if you've got a good

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Speaker 2: friends group, shop their wardrobes. Oh yeah. Like in our

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Speaker 2: office at work, it just goes, oh my god, I've

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Speaker 2: got a wedding coming up. I'm always like, if I

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Speaker 2: have any dresses you want, you let me know, Like,

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Speaker 2: you can borrow whatever. If you've seen me on like

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Speaker 2: on Instagram in it or like, you know it's in

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Speaker 2: my wardrobe. It's fair game. Like I just love the

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Speaker 2: idea that my cost per wear is being brought down

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Speaker 2: by other people as well. I've done a few Victoria

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Speaker 2: Divine specials over the years. Yeah, but like, I don't know.

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Speaker 2: It's so funny because I know some people who'd be like, oh,

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Speaker 2: I'd never lend out my wardrobe. I get such joy

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Speaker 2: out of the fact that I picked a dress. I

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Speaker 2: loved it. But then like Jess didn't just go oh

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Speaker 2: yeah that was pretty nice Bee, She's like, can I

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Speaker 2: borrow it? Yes, Queen, looks so good on you too,

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Speaker 2: Like I love that you loved it too. Yeah, that

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Speaker 2: is a good feeling. Yeah, sorrying's a great tip. You're borrowing.

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Speaker 2: We're borrowing dresses. From our friends. Honestly borrowing silk shirts

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Speaker 2: from our friends. Absolutely ten out of ten. I feel

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Speaker 2: like we've nailed that question. Would you like to get

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Speaker 2: into the money, wins and confessions of this week, Jessica,

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Speaker 2: I would love.

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Speaker 4: To, if that's all right. I'm going to start off

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Speaker 4: this week with one from Hannah. She's actually paid off

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Speaker 4: and closed her after pay after having to rye on

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Speaker 4: it for the last couple of years. It felt really

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Speaker 4: bloody good, Queen and everyone else who's doing the same thing.

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Speaker 4: It's greats to money went from Claire, who said she

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Speaker 4: went to Ikea to buy a chair cover. After picking

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Speaker 4: one up, she passed through the as e Is section

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Speaker 4: on her way out and found the exact same one

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Speaker 4: there for half of the price. The Aussiest section is

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Speaker 4: my favorite set at Ika if they're right by the

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Speaker 4: checkout and it's where they sell all the stuff that

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Speaker 4: was in the display rooms. I assembled properly by like

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Speaker 4: someone who works in Ikia knows how to do it,

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Speaker 4: and it's like it hasn't been used, it's just been

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Speaker 4: sitting there.

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Speaker 2: That's so good. My favorite part of Ikea is the

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Speaker 2: cafeteria where you can get the meatballs absolutely.

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Speaker 4: After we spoke about it, maybe a month or two ago,

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Speaker 4: I went and got meatballs.

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Speaker 2: For Did she actually stop it? It's so close to

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Speaker 2: the studio. I'm so jealous. We can do it today.

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Speaker 2: Didn't invite us? I know what the hell, let's do

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Speaker 2: it today. Thats not your kids? We all secretly because

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Speaker 2: I was going to go too. But if we all

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Speaker 2: ready each other, let's do it after this, let's hear

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Speaker 2: it after this. That sounds fair? Th mexticot.

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Speaker 4: A money went from Jessica excellent name, who said a

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Speaker 4: bit of an old one, but her favorite spin studio

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Speaker 4: ran a specialty class and then afterwards took all the

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Speaker 4: women to Lulu Lemon to get a.

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Speaker 2: Free pair of leggings.

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Speaker 4: Sorry, what she said, pretty epic return on a thirty

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Speaker 4: five dollar class. She'd never normally spend that much money

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Speaker 4: on a pair of leggings. What I'd like to sign

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Speaker 4: up for this class?

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Speaker 2: Please? Sorry? How do we get in on? That sounds slight?

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Speaker 2: I love a little still them they all just went

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Speaker 2: in and just like a HIJACKX you imagine. No, No,

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Speaker 2: we don't do that, Yeah we do, we don't. Lastly,

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Speaker 2: this week, I've got a money win from Adriana who

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Speaker 2: said her car insurance was to you. She asked them

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Speaker 2: to lower the annual price due to her having three

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Speaker 2: separate policies with them, so they did it by fifty dollars,

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Speaker 2: which put it back to the same price as last year.

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Speaker 2: They said they were going to resent her the policy.

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Speaker 2: They didn't resent her the policy, so she followed up

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Speaker 2: and they took another sixty bucks off for the inconvenience win.

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Speaker 2: It pays to be inconvenience sometimes. Absolutely. Learning from this

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Speaker 2: absolutely that's everything for me. This I love that. Miss

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Speaker 2: becksay ed, what have you got when it comes to

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Speaker 2: broke tips? So this week I got a couple of

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Speaker 2: good ones. The first one comes from Katya. She says

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Speaker 2: that if you hit escape really.

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Speaker 5: Quickly when you're going to like read an article and

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Speaker 5: a pay wall comes up escape, if you hit escape

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Speaker 5: really quickly, then you can sometimes avoid the paywall. And

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Speaker 5: so our gorgeous producer did some research on this and

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Speaker 5: it is true. Quickly eating the escape key upon a

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Speaker 5: page loading can sometimes prevent a paywall from appearing by

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Speaker 5: interrupting the pages loading process, which I.

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Speaker 2: Know is like it depends on the it depends on.

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Speaker 5: The side, like I do feel bad, like I don't

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Speaker 5: want to steal content, but also like why can't I

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Speaker 5: just read the article?

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Speaker 1: You know?

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Speaker 2: Personal peppe is news behind a paywall.

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Speaker 4: If you are a creator putting totally out, Oh yeah,

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Speaker 4: I think you suck.

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Speaker 2: No, not at all, but like, yeah, the nature of

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Speaker 2: what it is news should be for public consumption. I agree,

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Speaker 2: I agree. I don't know. That's my hot take. I

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Speaker 2: completely share another one that I may or may not use.

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Speaker 2: So the second it starts loading, I can't control a

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Speaker 2: control C, so like can select everything control C. I've

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Speaker 2: copied it because then, as you guys probably know, you

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Speaker 2: can start reading the article and then the pop up

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Speaker 2: comes up. So if you can get that control a

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Speaker 2: control C before that happens, I then cut and paste

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Speaker 2: it into a word document and read it on my

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Speaker 2: own computer. Oh my god, I haven't tried the escape thing.

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Speaker 2: I didn't even know what the escape key did, so

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Speaker 2: I'm going to give that a crack as well. But

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Speaker 2: that has been my hack for reading paywalled articles that

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Speaker 2: maybe or I didn't want to pay massive God that

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Speaker 2: what you will. We're not telling you how to live

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Speaker 2: your life. We're just kidding. Do you think that's ethical.

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Speaker 2: That's totally okay. Don't do it completely because we wouldn't.

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Speaker 2: We're not doing it. We're not going to do it.

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Speaker 6: Yeah.

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Speaker 2: I mean when I say I do it, I was

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Speaker 2: just making a suggestion that I might be able to

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Speaker 2: do it. Yes, it's a clever idea that you haven't

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Speaker 2: tried yet. Yeah, as somebody who writes for a publication,

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Speaker 2: who often puts my articles behind paywalls, I'd hate for

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Speaker 2: you to have that information absolutely because you don't write

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Speaker 2: that for just anyone. Yeah. Well, there you go, and so.

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Speaker 4: There you go.

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Speaker 2: Okay. The next one comes from Lisa.

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Speaker 5: So this was like a thread asking for holiday saving STIPs,

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Speaker 5: and I thought this was really interesting.

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Speaker 2: Lisa said that she does a supermarket cleaning collect.

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Speaker 5: Or delivery order before she leaves, like the health, the

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Speaker 5: accommodation she's saying it, or like a holiday when she's

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Speaker 5: going on holiday exactly, so she only has to eat

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Speaker 5: out once a day. That means that she doesn't have

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Speaker 5: the option of like deciding not to go shopping when

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Speaker 5: she gets there, and she doesn't have to waste the

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Speaker 5: time doing the shopping as well, she can just like

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Speaker 5: enjoy her holiday so I'm like, trick yourself into like

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Speaker 5: doing like yeah, like a click and collect or like

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Speaker 5: a delivery order or something like.

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Speaker 2: It's a really great idea. Every time we've ever gotten

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Speaker 2: you guys already probably know this, but every time I've

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Speaker 2: gone on holidays with Jess, I'm like, so, where's the

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Speaker 2: new a supermarket? Not gonna lie. If we're traveling internationally,

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Speaker 2: I don't want to do click and collect. I want

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Speaker 2: to Yeah, that's inexperience going through an international market, getting

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Speaker 2: to see their cereal aisles, like what brands they have

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Speaker 2: like for me, that's part of the holiday. I love it.

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Speaker 2: I love it. I'm always like, oh, do you want

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Speaker 2: to go into that supermarket? Do you want to go

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Speaker 2: into that deli? Like, maybe I'm not the person you

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Speaker 2: want to travel with, but yeah, I always go get

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Speaker 2: like a cereal and a coffee option for the mornings,

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Speaker 2: for sure. I don't want to eat out every single meal. No,

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Speaker 2: I know it is quite experienced.

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Speaker 5: I always look for the grocery store wherever I am,

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Speaker 5: even if I'm with in Australia. Something about being and

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Speaker 5: woolies is so companying. This next one is from Jess Ricky.

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Speaker 2: Actually, if you don't mind. So we put a whole

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Speaker 2: thread in our Facebook group every single week so that

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Speaker 2: our community can share. And then you just go, yeah,

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Speaker 2: just give me, give me hot I think I know

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Speaker 2: what this one is and it is a good one.

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Speaker 2: Oh it's crazy. She's got tickets on this too.

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Speaker 5: Yeah, it is right right, you know what that's actually

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Speaker 5: pun and you'll soon figure out why. So to celebrate

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Speaker 5: the opening of the Metro Tunnel, two months of free

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Speaker 5: travel will apply every Saturday and Sunday from early December

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Speaker 5: twenty twenty five to the first of February twenty twenty

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Speaker 5: six for all public transport within Victoria. Isn't that amazing?

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Speaker 2: That is actually very cool? And now my ticket comment

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Speaker 2: does make sense, makes a lot of sense. No ticket required,

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Speaker 2: you guys, that is a money win. Could we make

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Speaker 2: it a little bit better? Like, can can you have

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Speaker 2: your people call my people or something and talk about

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Speaker 2: extending that for like even a week so that everyone

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Speaker 2: can save on their my keys for work and then

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Speaker 2: like really stash some extra cash. Lovely, I don't know

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Speaker 2: about the weekend. I'll take what I can get. I

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Speaker 2: want to be greedy, but also I'm really greedy.

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Speaker 5: I think like, either never end it just weekends forever free,

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Speaker 5: I would think, or yeah, make it like the whole

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Speaker 5: week for a few months.

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Speaker 2: Yeah. I also reckon that the Victorian Premier should call

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Speaker 2: the Queensland Premier and they should talk. Yes, because for

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Speaker 2: those of you not following, Queensland get fifty cent public

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Speaker 2: trans yes. Do they rude? Right? Very nice? I know,

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Speaker 2: I know, well fair enough. I have your people call

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Speaker 2: their people and their people tell you how to do

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Speaker 2: your job.

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Speaker 5: It really makes me upset and I'm not going to

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Speaker 5: linger on this for too long. But people that are

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Speaker 5: already struggling to get by and then they're like, oh cool,

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Speaker 5: I finally found a job.

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Speaker 2: Oh it's going to cost me fifty dollars a week

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Speaker 2: to get there and you don't have the cash, and like,

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Speaker 2: you don't have it, just give us public transport for

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Speaker 2: free during a week, yeah, because I feel like that

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Speaker 2: take a lot of pressure off a lot of people. Absolutely,

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Speaker 2: or just do it for fifty cents. Sorry, why can

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Speaker 2: Queensland do it exactly?

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Speaker 5: And actually, you know what we'll pay on the weekends

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Speaker 5: during the week. No, we try to take my taxes.

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Speaker 5: And that's my vergue tip for this week.

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Speaker 2: Do you know what, that's a really good one. I

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Speaker 2: will allow the fact that you got Jess to do

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Speaker 2: your job. Thank you Jess anytime. Okay, don't cut this out.

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Speaker 2: That is naughty. I actually like your opinion. Beck, stop

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00:18:25,920 --> 00:18:28,600
Speaker 2: trying to steal Jess. Yes, Sam, or let's go to

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Speaker 2: a really quick break because on the flip side, we're

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00:18:30,800 --> 00:18:32,919
Speaker 2: going to be talking about a money dilemma. Wanting to

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Speaker 2: know more about managed portfolios not managed funds, and something

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00:18:37,960 --> 00:18:40,040
Speaker 2: that you slid into our DMS about what do you

415
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Speaker 2: do when your partner is getting a little bit too

416
00:18:42,240 --> 00:18:45,680
Speaker 2: obsessed with Black Friday? And it's definitely not from Jess's partner,

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Speaker 2: So you'll see you on the flip side. Guy.

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

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Speaker 4: money dilemma.

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Speaker 6: Hi, there, have you got a money dilemma you just

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00:18:59,520 --> 00:19:02,040
Speaker 6: can't solve? The She's on the Money team is here

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00:19:02,080 --> 00:19:05,320
Speaker 6: to help. Every week, we tackle your dilemmas, both big

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00:19:05,359 --> 00:19:08,080
Speaker 6: and small, to answer your most burning money, career and

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00:19:08,160 --> 00:19:11,320
Speaker 6: life questions. To get involved, simply head to our website

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00:19:11,359 --> 00:19:13,480
Speaker 6: and leave us a short voice recording and you might

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00:19:13,560 --> 00:19:16,080
Speaker 6: just find yourself on the show. Now, let's take a

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Speaker 6: listen to this week's money dilemma.

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Speaker 7: Hi, she's on the money. I have a question regarding

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Speaker 7: our favorite topic of investing. I currently have two different

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Speaker 7: apps for investing. I have a Chez's account and Better

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00:19:29,960 --> 00:19:32,520
Speaker 7: Shares account. With the Chas's, I'll just have a few

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Speaker 7: ETFs and direct shares that I put money into when

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Speaker 7: I can, and the Beta shares are recently opened up

434
00:19:38,640 --> 00:19:41,360
Speaker 7: a high growth managed portfolio and I aim to put

435
00:19:41,359 --> 00:19:44,159
Speaker 7: two to three hundred a month into that. My question is,

436
00:19:44,240 --> 00:19:47,080
Speaker 7: are these managed portfolios actually worth it? I pay three

437
00:19:47,119 --> 00:19:51,480
Speaker 7: dollars a month. I know that changes per platform, per portfolio,

438
00:19:51,520 --> 00:19:53,760
Speaker 7: and how much you've gotten it, but I was doing

439
00:19:53,760 --> 00:19:55,560
Speaker 7: a bit of overreading, we would say, a bit of

440
00:19:55,560 --> 00:19:59,800
Speaker 7: analysis paralysis into these managed portfolios, and people say that

441
00:19:59,840 --> 00:20:01,280
Speaker 7: it it is not worth it, and you can just

442
00:20:01,320 --> 00:20:03,720
Speaker 7: kind of buy their ETFs or shares yourself.

443
00:20:03,800 --> 00:20:04,000
Speaker 6: Yeah.

444
00:20:04,000 --> 00:20:05,800
Speaker 7: I just wanted to know what your thoughts are on

445
00:20:05,840 --> 00:20:07,840
Speaker 7: these managed profolos and if they're were it.

446
00:20:07,880 --> 00:20:10,320
Speaker 2: Thanks? I love this. I think that's a really good

447
00:20:10,400 --> 00:20:14,959
Speaker 2: question because like, these managed portfolios online are incredibly transparent,

448
00:20:15,720 --> 00:20:18,479
Speaker 2: so you can go to and she mentioned Beta shares

449
00:20:18,920 --> 00:20:20,679
Speaker 2: and I've just gone to their website, just to make

450
00:20:20,720 --> 00:20:23,160
Speaker 2: sure that I've got, you know, a really good handle

451
00:20:23,240 --> 00:20:25,840
Speaker 2: of what's going on. And it reminds me a lot

452
00:20:26,000 --> 00:20:29,080
Speaker 2: of our friends at Life Sirpa. They do something really

453
00:20:29,080 --> 00:20:31,200
Speaker 2: really similar. I feel like they might hold your hand

454
00:20:31,240 --> 00:20:33,280
Speaker 2: a little bit more than just a Beta shares like

455
00:20:33,640 --> 00:20:36,239
Speaker 2: managed portfolio. But anyway, we can get back to that.

456
00:20:36,280 --> 00:20:38,520
Speaker 2: We can talk about that later. But the cool thing

457
00:20:38,600 --> 00:20:42,280
Speaker 2: about this is, yes, you could go in today and

458
00:20:42,400 --> 00:20:45,800
Speaker 2: replicate the beta shares platform, like you could log in,

459
00:20:45,880 --> 00:20:48,160
Speaker 2: go have a look at their website exactly like I am.

460
00:20:48,359 --> 00:20:51,040
Speaker 2: Have a look at their managed portfolios. They are super transparent.

461
00:20:51,080 --> 00:20:53,680
Speaker 2: They're like, okay, cool. If you're an aggressive investor, these

462
00:20:53,680 --> 00:20:56,440
Speaker 2: are the ETFs we would pick with you. The problem

463
00:20:56,440 --> 00:20:58,360
Speaker 2: with you going in and going, well, I don't want

464
00:20:58,359 --> 00:21:00,520
Speaker 2: the fees. I don't want to be associated with that.

465
00:21:00,680 --> 00:21:03,199
Speaker 2: I wanted, you know, do it myself. That's fantastic. You

466
00:21:03,200 --> 00:21:06,920
Speaker 2: could absolutely do that. But the managed portfolio part means

467
00:21:06,920 --> 00:21:12,240
Speaker 2: they ongoingly manage the rebalancing the construction of that portfolio.

468
00:21:12,680 --> 00:21:16,320
Speaker 2: They are going to choose when an ETF exits your portfolio.

469
00:21:16,359 --> 00:21:18,320
Speaker 2: So if they're like, oh, this one's not performing as well,

470
00:21:18,359 --> 00:21:19,840
Speaker 2: we're going to drop that out. They're going to pick

471
00:21:19,920 --> 00:21:22,399
Speaker 2: up another option and just put it into your portfolio

472
00:21:22,680 --> 00:21:26,040
Speaker 2: without you lifting a finger. So today, yes, they are

473
00:21:26,040 --> 00:21:29,080
Speaker 2: being very transparent on what they would pick, but that

474
00:21:29,119 --> 00:21:32,199
Speaker 2: doesn't mean it wouldn't change and be ongoingly managed. And

475
00:21:32,240 --> 00:21:35,760
Speaker 2: the fees are reflective of that. So that's why people

476
00:21:35,880 --> 00:21:38,040
Speaker 2: might ask questions like, oh, you could just do yourself.

477
00:21:38,240 --> 00:21:41,080
Speaker 2: You totally could. I do it myself. But every single

478
00:21:41,359 --> 00:21:44,639
Speaker 2: six months ish, I go back in and I analyze

479
00:21:44,680 --> 00:21:47,160
Speaker 2: every single one of my ETFs and I make sure

480
00:21:47,160 --> 00:21:49,320
Speaker 2: that they're performing the way I want. You know, I

481
00:21:49,440 --> 00:21:52,760
Speaker 2: might sell down some to rebalance it over because I have.

482
00:21:52,840 --> 00:21:54,680
Speaker 2: And we've spoken about this before, and this is probably

483
00:21:54,720 --> 00:21:56,879
Speaker 2: a good plug to go back and listen to the

484
00:21:56,960 --> 00:22:00,160
Speaker 2: episode that I did with Brooke on her investing portfolio.

485
00:22:00,520 --> 00:22:03,919
Speaker 2: We talk about how we have It's basically a pie chart,

486
00:22:04,080 --> 00:22:06,159
Speaker 2: and I know that I want fifty percent of my

487
00:22:06,200 --> 00:22:08,719
Speaker 2: portfolio in this particular asset, and then I break up

488
00:22:08,720 --> 00:22:11,640
Speaker 2: the rest of my portfolio across different assets. And then

489
00:22:11,680 --> 00:22:13,560
Speaker 2: every six months, I get that pie chat out and

490
00:22:13,560 --> 00:22:14,800
Speaker 2: I sit it in front of me and look at

491
00:22:14,840 --> 00:22:18,639
Speaker 2: my portfolio and go, is this still replicated? Am I

492
00:22:18,680 --> 00:22:21,640
Speaker 2: still comfortable with this breakdown, Do I want any changes?

493
00:22:21,920 --> 00:22:24,880
Speaker 2: And then, because the market always ebbs and flows, like, yes,

494
00:22:25,520 --> 00:22:29,159
Speaker 2: I have for this period of time invested fifty percent

495
00:22:29,240 --> 00:22:32,359
Speaker 2: of the amount I invest into that ETF. But let's

496
00:22:32,359 --> 00:22:35,879
Speaker 2: pretend it performed really well. Okay, Now my portfolio is

497
00:22:35,920 --> 00:22:38,120
Speaker 2: actually more than fifty percent of that ETF because it's

498
00:22:38,119 --> 00:22:40,760
Speaker 2: been performing so well, and I have a dividend reinvestment plan,

499
00:22:41,200 --> 00:22:44,440
Speaker 2: so I often will make the decision to sell down

500
00:22:44,520 --> 00:22:47,120
Speaker 2: some of that stock and redistribute it into the other

501
00:22:47,160 --> 00:22:50,360
Speaker 2: parts of my portfolio so I can maintain the percentages

502
00:22:50,400 --> 00:22:53,199
Speaker 2: I have chosen. They do that for you, Yeah, so

503
00:22:53,240 --> 00:22:54,760
Speaker 2: they're going to have the finger on the pulse and

504
00:22:54,760 --> 00:22:56,760
Speaker 2: all you have to do is keep sending money their way.

505
00:22:56,960 --> 00:22:59,080
Speaker 2: They are going to charge a fee for that service,

506
00:22:59,359 --> 00:23:02,560
Speaker 2: but for most people, that is a fee that is

507
00:23:02,560 --> 00:23:05,880
Speaker 2: worthy of paying. And I won't talk about beta shares specifically,

508
00:23:06,240 --> 00:23:09,040
Speaker 2: that's just what this community member has written in about.

509
00:23:09,400 --> 00:23:12,719
Speaker 2: But there are lots of different managed portfolio options on

510
00:23:12,760 --> 00:23:16,239
Speaker 2: the market where they say, hey, JS, we'll manage it

511
00:23:16,280 --> 00:23:19,160
Speaker 2: for you. Yeah, and like to me, if you don't

512
00:23:19,320 --> 00:23:22,119
Speaker 2: want to have as high a touch option as you know,

513
00:23:22,160 --> 00:23:23,800
Speaker 2: when I go into my shares is account and I

514
00:23:23,800 --> 00:23:25,920
Speaker 2: have to look at my portfolio and go, oh, what's

515
00:23:25,960 --> 00:23:29,560
Speaker 2: that looking like? Perfect? Some of us don't want that,

516
00:23:29,720 --> 00:23:33,320
Speaker 2: but we want that middle ground between. Well, I'd love

517
00:23:33,359 --> 00:23:34,879
Speaker 2: to do it myself because I love the idea of

518
00:23:34,920 --> 00:23:37,040
Speaker 2: those fees. I don't want to go see a financial

519
00:23:37,040 --> 00:23:39,679
Speaker 2: advisor because I don't want to pay those fees, but

520
00:23:39,720 --> 00:23:43,600
Speaker 2: I still want more support than DII. Does that make sense, Yeah, totally.

521
00:23:43,680 --> 00:23:45,800
Speaker 4: Yeah. My only thing with the an issue that I

522
00:23:45,840 --> 00:23:47,600
Speaker 4: would just flag is that I think the beta shares

523
00:23:47,600 --> 00:23:49,960
Speaker 4: one from a cursory look, I'm not super familiar with

524
00:23:50,000 --> 00:23:52,160
Speaker 4: it personally, but I think it's just ETFs they manage.

525
00:23:52,280 --> 00:23:55,320
Speaker 2: Yeah, so that's just what they've constructed their portfolio of.

526
00:23:55,960 --> 00:23:58,800
Speaker 2: For some other managed funds, you might find that they

527
00:23:59,119 --> 00:24:01,639
Speaker 2: are a managed fund and they hold twelve different direct

528
00:24:01,680 --> 00:24:03,920
Speaker 2: shares that they manage, and they would chop and change

529
00:24:03,920 --> 00:24:06,080
Speaker 2: out of that, and it would really depend on the

530
00:24:06,119 --> 00:24:09,600
Speaker 2: company issuing them. I'm not surprised, and I quite like

531
00:24:09,680 --> 00:24:13,080
Speaker 2: Beta shares as a business. They are fantastic. But if

532
00:24:13,080 --> 00:24:15,199
Speaker 2: you've not heard of them before, they are one of

533
00:24:15,240 --> 00:24:19,760
Speaker 2: the biggest issuers of ETFs in Australia. So they've clearly seen, well,

534
00:24:19,840 --> 00:24:22,720
Speaker 2: we construct ETFs all the time, let's put this product

535
00:24:22,760 --> 00:24:25,480
Speaker 2: over the top and have a different team pick from

536
00:24:25,600 --> 00:24:30,199
Speaker 2: basically all our ETFs to create a portfolio that ongoingly

537
00:24:30,359 --> 00:24:33,640
Speaker 2: is managed for a client. It's good business from them

538
00:24:33,680 --> 00:24:36,640
Speaker 2: from my perspective. But then the other thing I would

539
00:24:36,760 --> 00:24:39,560
Speaker 2: say there is if you're going to go to a

540
00:24:40,000 --> 00:24:42,200
Speaker 2: beta shares, it's like going and seeing a mortgage broker

541
00:24:42,200 --> 00:24:45,040
Speaker 2: who works for a bank. So you're only going to

542
00:24:45,080 --> 00:24:47,840
Speaker 2: get beta shares ETF options. They're not going to go

543
00:24:47,880 --> 00:24:51,240
Speaker 2: pick a vanguard option because that's not in their best interests.

544
00:24:51,560 --> 00:24:53,840
Speaker 2: So that's where if you're looking at this and going, oh,

545
00:24:53,920 --> 00:24:55,919
Speaker 2: that actually sounds really good, v Like, I love the

546
00:24:55,960 --> 00:24:59,280
Speaker 2: managed portfolio idea, but you're going to go direct to

547
00:24:59,320 --> 00:25:03,280
Speaker 2: an ETF, I can guarantee all of their managed portfolios

548
00:25:03,320 --> 00:25:05,600
Speaker 2: are just made up of different selections of their product.

549
00:25:06,000 --> 00:25:08,840
Speaker 2: You're not getting the whole market, whereas a product like

550
00:25:08,960 --> 00:25:12,280
Speaker 2: life Sherpa would be able to actually just they might

551
00:25:12,320 --> 00:25:14,119
Speaker 2: have a beta shares, they might have a vanguard that

552
00:25:14,200 --> 00:25:16,439
Speaker 2: might be looking at a black rock over here, and

553
00:25:16,480 --> 00:25:19,240
Speaker 2: they kind of take everything on the market and then

554
00:25:19,280 --> 00:25:20,760
Speaker 2: construct your managed portfolio.

555
00:25:20,960 --> 00:25:22,920
Speaker 4: Yeah, and they're a nice middle ground two in terms

556
00:25:22,960 --> 00:25:25,280
Speaker 4: of price point because they don't do like a full

557
00:25:25,280 --> 00:25:28,000
Speaker 4: written advice and it doesn't come with the expense that

558
00:25:28,040 --> 00:25:29,640
Speaker 4: we know is really prohibitive.

559
00:25:29,160 --> 00:25:29,840
Speaker 2: To a lot of people.

560
00:25:29,880 --> 00:25:32,040
Speaker 4: Whereas you know the way that they do it. They

561
00:25:32,040 --> 00:25:33,720
Speaker 4: do a little bit of robo but they also have

562
00:25:33,760 --> 00:25:35,520
Speaker 4: people there that you can pick up the phone and

563
00:25:35,520 --> 00:25:37,200
Speaker 4: speak to. So it's a little bit of a step

564
00:25:37,280 --> 00:25:40,240
Speaker 4: further than the managed fund with beta shares, where I

565
00:25:40,240 --> 00:25:42,000
Speaker 4: think you just buy it, or any managed fund, you

566
00:25:42,040 --> 00:25:43,960
Speaker 4: just buy it and you know, let it tick away

567
00:25:44,000 --> 00:25:47,120
Speaker 4: in the background. Sometimes you know, people want a person there.

568
00:25:47,160 --> 00:25:49,520
Speaker 4: So that makes it a really good I guess next

569
00:25:49,520 --> 00:25:51,679
Speaker 4: stepping option across the spectrum.

570
00:25:51,760 --> 00:25:53,520
Speaker 2: Yeah, and the last thing I want you guys to

571
00:25:53,520 --> 00:25:55,359
Speaker 2: take from that is like, oh, the beta shares is

572
00:25:55,520 --> 00:25:57,960
Speaker 2: not a good option. It is, but that's why I

573
00:25:58,000 --> 00:25:59,800
Speaker 2: want you to look at all of your options on

574
00:25:59,840 --> 00:26:02,320
Speaker 2: the table, but then also have the pros and cons,

575
00:26:02,760 --> 00:26:06,160
Speaker 2: Like beta shares do great ETFs, they have really good performance,

576
00:26:06,200 --> 00:26:08,200
Speaker 2: they have a really good track record. They may have

577
00:26:08,240 --> 00:26:10,560
Speaker 2: top five every year, yeah, but they're always in our

578
00:26:10,600 --> 00:26:13,120
Speaker 2: top five. I've met with so many people on their

579
00:26:13,119 --> 00:26:17,040
Speaker 2: team before they are so delightful. But it would be

580
00:26:17,080 --> 00:26:20,320
Speaker 2: a miss of me to not be really pragmatic about going. Okay, cool,

581
00:26:20,359 --> 00:26:22,800
Speaker 2: but it is like going direct to the bank for

582
00:26:22,840 --> 00:26:25,119
Speaker 2: a loan and not looking for the rest of the

583
00:26:25,200 --> 00:26:27,400
Speaker 2: options that might be on the table that maybe suit

584
00:26:27,440 --> 00:26:29,760
Speaker 2: you a little bit better. But you could also go.

585
00:26:30,119 --> 00:26:32,119
Speaker 2: But I really like be I'm the same as you.

586
00:26:32,160 --> 00:26:34,119
Speaker 2: I really trust them, I'm miss I'm that. So you

587
00:26:34,200 --> 00:26:37,280
Speaker 2: just go with the beta shares option. It's not necessarily

588
00:26:37,320 --> 00:26:41,160
Speaker 2: going to impact your performance because every ETF issue are

589
00:26:41,280 --> 00:26:43,320
Speaker 2: is going to construct them in a way where they're

590
00:26:43,320 --> 00:26:45,840
Speaker 2: trying to perform their best too. Yeah, so is it

591
00:26:45,880 --> 00:26:48,560
Speaker 2: the worst? No, But I also want you to have

592
00:26:48,760 --> 00:26:51,200
Speaker 2: like the black and the white and make the decision

593
00:26:51,200 --> 00:26:53,280
Speaker 2: for yourself. I'm not going to be like, yep, fantastic option,

594
00:26:53,400 --> 00:26:56,040
Speaker 2: off you go. Yeah, but yeah, you'll never get that

595
00:26:56,040 --> 00:26:57,600
Speaker 2: from me. I'm so sorry. No, it's so fair.

596
00:26:57,680 --> 00:27:02,960
Speaker 5: That's great advice. I this is in my wheelhouse. But

597
00:27:03,080 --> 00:27:07,359
Speaker 5: I trust everything you say. Oh thanks, babe, always haven't

598
00:27:07,359 --> 00:27:08,160
Speaker 5: always will.

599
00:27:08,040 --> 00:27:11,840
Speaker 2: The next ones for you? Don't you? Would you like

600
00:27:11,880 --> 00:27:14,240
Speaker 2: to hear the next one? Absolutely? All right, So we're

601
00:27:14,240 --> 00:27:16,960
Speaker 2: going to slide on into our DMS and read out

602
00:27:17,000 --> 00:27:20,920
Speaker 2: one of the spiciest ones we got this week, which surprisingly,

603
00:27:21,400 --> 00:27:23,600
Speaker 2: my favorite part about this is it's anonymous for you

604
00:27:23,640 --> 00:27:25,960
Speaker 2: guys and every single one of our listeners. I know

605
00:27:26,000 --> 00:27:29,119
Speaker 2: who you are already looked at your Instagram profile. It's James.

606
00:27:29,520 --> 00:27:33,760
Speaker 2: Imagine that's where I go and to ruin our own fun,

607
00:27:33,800 --> 00:27:38,520
Speaker 2: Beck was it wasn't James. But that's okay, so hey,

608
00:27:38,560 --> 00:27:40,800
Speaker 2: she's on the money. I'm starting to get anxious about

609
00:27:40,840 --> 00:27:43,920
Speaker 2: Black Friday. Normally, my partner and I are on exactly

610
00:27:43,960 --> 00:27:46,320
Speaker 2: the same page with money. We share finances and we're

611
00:27:46,359 --> 00:27:48,879
Speaker 2: not big spenders. We've got other goals that we're currently

612
00:27:48,880 --> 00:27:53,280
Speaker 2: working towards. But it's like something flips in him every

613
00:27:53,320 --> 00:27:56,760
Speaker 2: single year. Every time something he wants comes up, he says,

614
00:27:57,160 --> 00:27:58,840
Speaker 2: I'm going to add it to the Black Friday list,

615
00:27:58,880 --> 00:28:02,080
Speaker 2: and then his lips get out of control. I get

616
00:28:02,080 --> 00:28:05,360
Speaker 2: that technically we save money if we shop during Black Friday,

617
00:28:05,600 --> 00:28:08,479
Speaker 2: but to me, the list is not essential things that

618
00:28:08,520 --> 00:28:11,040
Speaker 2: we actually need. I don't want to come across as

619
00:28:11,080 --> 00:28:13,359
Speaker 2: controlling or like I'm telling him what he can and

620
00:28:13,400 --> 00:28:15,880
Speaker 2: can't spend money on. But I also feel like he's

621
00:28:15,920 --> 00:28:18,520
Speaker 2: falling right into what the sales are designed to make

622
00:28:18,680 --> 00:28:21,680
Speaker 2: us do, which is overspend. How do I get him

623
00:28:21,680 --> 00:28:23,680
Speaker 2: to see that? And what would you do for you?

624
00:28:23,840 --> 00:28:24,040
Speaker 4: And me?

625
00:28:24,840 --> 00:28:26,240
Speaker 2: Well, how the tables have turned?

626
00:28:26,440 --> 00:28:27,800
Speaker 3: Who and I love it?

627
00:28:27,920 --> 00:28:30,640
Speaker 2: You're like, the guy's the bigger spender. Oh yeah, yeah,

628
00:28:30,720 --> 00:28:33,520
Speaker 2: that's a silly little girl thing. Men do it too, Absolutely.

629
00:28:33,600 --> 00:28:36,520
Speaker 2: Men spend money and they go, oh, good on you, mate,

630
00:28:36,600 --> 00:28:42,280
Speaker 2: you deserved that, or good investment. I spend a boat frivolous. Yeah, okay,

631
00:28:42,360 --> 00:28:43,400
Speaker 2: So what would I do?

632
00:28:43,720 --> 00:28:45,760
Speaker 5: I think, first of all, the fact that this person

633
00:28:45,800 --> 00:28:49,000
Speaker 5: has enough self control, your partner has enough self control

634
00:28:49,080 --> 00:28:51,040
Speaker 5: to be like, I'm going to add this to the

635
00:28:51,080 --> 00:28:52,640
Speaker 5: list of things that I want to buy when it's

636
00:28:53,000 --> 00:28:56,800
Speaker 5: really heavily reduced. I think that is incredible. It's an

637
00:28:56,800 --> 00:28:59,840
Speaker 5: incredible place to start. But I also think, like, in

638
00:28:59,920 --> 00:29:01,600
Speaker 5: the it probably feels like there are things that you

639
00:29:01,640 --> 00:29:04,360
Speaker 5: guys don't need, but like maybe because there are so

640
00:29:04,360 --> 00:29:07,880
Speaker 5: many things that bring us joy, and the fact that

641
00:29:07,960 --> 00:29:10,200
Speaker 5: he's putting these on a like in a list of

642
00:29:10,280 --> 00:29:13,680
Speaker 5: things to buy in the future means that it's very likely.

643
00:29:14,000 --> 00:29:15,920
Speaker 5: I don't know if this happens, because you see, you

644
00:29:15,920 --> 00:29:18,680
Speaker 5: do seem to be worried that it's all all everything

645
00:29:18,720 --> 00:29:20,320
Speaker 5: in the list is staying in the list. But I

646
00:29:20,360 --> 00:29:22,680
Speaker 5: think if you spend you kind of wait a long time,

647
00:29:22,720 --> 00:29:25,120
Speaker 5: like as you say, VD, like leave twenty four hours

648
00:29:25,120 --> 00:29:29,120
Speaker 5: between you and your purchase, then you kind of end

649
00:29:29,200 --> 00:29:30,800
Speaker 5: up being like, oh, I don't really need that anyway.

650
00:29:30,840 --> 00:29:33,080
Speaker 5: So I feel like having a list of things that

651
00:29:33,120 --> 00:29:34,920
Speaker 5: are just like luxury items is a good idea to

652
00:29:34,960 --> 00:29:38,440
Speaker 5: have anyway, because it's probably they're probably not all going

653
00:29:38,480 --> 00:29:40,320
Speaker 5: to make it when it comes to Black Friday time.

654
00:29:40,640 --> 00:29:44,000
Speaker 5: But I think like allow each other those little treasures

655
00:29:44,080 --> 00:29:47,920
Speaker 5: and honestly thank your lucky goddamn stars that they are

656
00:29:48,200 --> 00:29:50,960
Speaker 5: not like me, and just like, oh my god, I

657
00:29:50,960 --> 00:29:52,280
Speaker 5: want that. I'm going to buy that right now. I

658
00:29:52,320 --> 00:29:54,680
Speaker 5: don't even care to take a line of credit out.

659
00:29:54,720 --> 00:29:57,680
Speaker 5: I don't have to get a credit card or after pay.

660
00:29:57,760 --> 00:29:59,560
Speaker 2: I do not care. There's nothing that's stopping me from

661
00:30:00,080 --> 00:30:01,640
Speaker 2: And then Matt go back up, we're working on that

662
00:30:01,720 --> 00:30:02,040
Speaker 2: right now.

663
00:30:03,000 --> 00:30:06,360
Speaker 8: No judgment, Yeah, I would just say, but obviously, like

664
00:30:06,400 --> 00:30:08,200
Speaker 8: if these things are like if it's kind of gotten

665
00:30:08,240 --> 00:30:09,440
Speaker 8: to the point where it's like I don't care if

666
00:30:09,480 --> 00:30:12,200
Speaker 8: it financially ruins us, I'm buying these at Black Friday,

667
00:30:12,360 --> 00:30:13,000
Speaker 8: no matter what.

668
00:30:13,280 --> 00:30:15,000
Speaker 2: That's a different story. But if it's like.

669
00:30:15,040 --> 00:30:17,480
Speaker 5: They're not going to financially cripple us, it's just like, hey,

670
00:30:17,520 --> 00:30:19,840
Speaker 5: you don't need to be like buying these luxury items.

671
00:30:19,840 --> 00:30:20,560
Speaker 2: We don't need them.

672
00:30:21,320 --> 00:30:25,200
Speaker 5: Then you know, maybe whittle it down to two or

673
00:30:25,200 --> 00:30:27,320
Speaker 5: three things that bring you joy and then just stick

674
00:30:27,360 --> 00:30:30,400
Speaker 5: with those per year. But I wouldn't worry too much personally.

675
00:30:31,520 --> 00:30:33,640
Speaker 2: I would be interested to know. I want to see

676
00:30:33,640 --> 00:30:35,320
Speaker 2: the list. I'm so desperate. I would love to see

677
00:30:35,320 --> 00:30:35,640
Speaker 2: the list.

678
00:30:35,800 --> 00:30:37,640
Speaker 4: I totally agree our listeners on the money in the

679
00:30:37,680 --> 00:30:40,600
Speaker 4: sense when they say that, you know, the marketing sales.

680
00:30:40,280 --> 00:30:41,160
Speaker 2: Periods are designed.

681
00:30:41,480 --> 00:30:44,600
Speaker 4: You know, they're built with strategies that utilize psychology and

682
00:30:44,600 --> 00:30:46,240
Speaker 4: things like that to make us spend as much money

683
00:30:46,280 --> 00:30:48,800
Speaker 4: as possible. Like, let's be really upfront, that's the ultimate

684
00:30:48,800 --> 00:30:50,480
Speaker 4: goal of all of these companies is to sell as

685
00:30:50,520 --> 00:30:52,160
Speaker 4: much product as they can and make as much money

686
00:30:52,160 --> 00:30:52,440
Speaker 4: as they.

687
00:30:52,400 --> 00:30:54,640
Speaker 2: Can, and they're doing it really well. It do me

688
00:30:54,800 --> 00:30:55,280
Speaker 2: really well.

689
00:30:55,360 --> 00:30:57,080
Speaker 4: I think that, as we have said on the show

690
00:30:57,200 --> 00:30:59,840
Speaker 4: many times, you can utilize these sales to your advantage.

691
00:31:00,200 --> 00:31:02,120
Speaker 4: Something that you are going to buy anyway, whether it's

692
00:31:02,120 --> 00:31:04,360
Speaker 4: a necessity, whether it is a little treaty treat we

693
00:31:04,360 --> 00:31:06,520
Speaker 4: were talking about, like the Ninja products on like.

694
00:31:06,480 --> 00:31:07,800
Speaker 2: The Amazon Prime Day sales.

695
00:31:07,960 --> 00:31:09,600
Speaker 4: If that's something that you knew was on you know,

696
00:31:09,680 --> 00:31:11,520
Speaker 4: Christmas list for the kids or something like that, and

697
00:31:11,560 --> 00:31:13,480
Speaker 4: you were going to make the purchase anyway, it does

698
00:31:13,520 --> 00:31:15,760
Speaker 4: make sense to buy it on sale. What I would

699
00:31:15,800 --> 00:31:19,320
Speaker 4: be interested to know is is your husband keeping this

700
00:31:19,400 --> 00:31:24,920
Speaker 4: list throughout the year not spending incidentally throughout the youngs

701
00:31:24,960 --> 00:31:28,480
Speaker 4: fun money is banking up and going hard during Black Friday,

702
00:31:28,520 --> 00:31:31,000
Speaker 4: because in that instance, I actually think that it may

703
00:31:31,040 --> 00:31:32,360
Speaker 4: not be so bad. And the way that you can

704
00:31:32,440 --> 00:31:34,640
Speaker 4: crash check this is do you have a budget. If

705
00:31:34,640 --> 00:31:36,680
Speaker 4: you have a budget, do you have fun money allocated?

706
00:31:37,160 --> 00:31:40,200
Speaker 4: If you do, you maybe spending your fun money every month,

707
00:31:40,280 --> 00:31:42,440
Speaker 4: Like this's what I do. I we have a certain

708
00:31:42,440 --> 00:31:44,320
Speaker 4: amount that I say I can spend this every month,

709
00:31:44,360 --> 00:31:44,880
Speaker 4: and I do.

710
00:31:45,240 --> 00:31:47,880
Speaker 2: Every month I spend it. She's really good at it. Actually,

711
00:31:48,040 --> 00:31:50,120
Speaker 2: we talk about it in the office like the other

712
00:31:50,160 --> 00:31:52,040
Speaker 2: day one of our team members, because we've been on

713
00:31:52,120 --> 00:31:54,920
Speaker 2: work trips and like in and out of the office

714
00:31:54,960 --> 00:31:57,880
Speaker 2: a lot recently. She's like, be my fun money from

715
00:31:57,920 --> 00:32:00,320
Speaker 2: the last few weeks has banked up now I have

716
00:32:00,560 --> 00:32:03,840
Speaker 2: extra fun money dream and now I have analysis paralysis

717
00:32:03,840 --> 00:32:04,719
Speaker 2: over how I can spend it.

718
00:32:05,000 --> 00:32:06,480
Speaker 4: That's what I mean, right, So if he had fun

719
00:32:06,520 --> 00:32:08,840
Speaker 4: money throughout the year and he wasn't spending it, yeah,

720
00:32:09,160 --> 00:32:11,720
Speaker 4: you know, if you guys don't have a firm budget

721
00:32:11,720 --> 00:32:13,440
Speaker 4: system in place, it might be a little bit harder

722
00:32:13,480 --> 00:32:13,880
Speaker 4: to track.

723
00:32:14,040 --> 00:32:16,600
Speaker 2: But I would just keep that as a consideration because.

724
00:32:16,400 --> 00:32:19,320
Speaker 4: I think if one of you is maybe spending within

725
00:32:19,360 --> 00:32:21,320
Speaker 4: your means throughout the year and one of you isn't,

726
00:32:21,720 --> 00:32:23,760
Speaker 4: it's not the worst thing. If that's all then being

727
00:32:23,800 --> 00:32:26,600
Speaker 4: spent during sale time. If that's not the case, then

728
00:32:26,640 --> 00:32:28,480
Speaker 4: he has just gone a little bit buck while going whoa,

729
00:32:28,640 --> 00:32:30,640
Speaker 4: it's all on sale, which, like I mean, we've all

730
00:32:30,680 --> 00:32:32,480
Speaker 4: been there. I think it is just a matter of

731
00:32:32,520 --> 00:32:35,000
Speaker 4: maybe sitting him down, running the numbers a little bit.

732
00:32:35,040 --> 00:32:36,480
Speaker 2: I feel like that's what I always come back to you.

733
00:32:36,680 --> 00:32:38,240
Speaker 2: I just want to know what's on the list, Like

734
00:32:38,360 --> 00:32:41,800
Speaker 2: only you're not saying it's essential, but like why is

735
00:32:41,840 --> 00:32:45,240
Speaker 2: it on a list ongoingly? It's not like an impulse

736
00:32:45,280 --> 00:32:47,760
Speaker 2: purchase from the way that you've written it. It's like

737
00:32:47,800 --> 00:32:50,040
Speaker 2: a list that he's been tracking, like it might be

738
00:32:50,240 --> 00:32:53,000
Speaker 2: you know, like Jess the Ninja and you really really

739
00:32:53,000 --> 00:32:54,800
Speaker 2: want it. It's been your list for ages and you've

740
00:32:54,800 --> 00:32:56,440
Speaker 2: been thinking about it and thinking about it, and you're like, no,

741
00:32:56,560 --> 00:32:59,200
Speaker 2: I'm happy to spend that couple of hundred dollars and

742
00:32:59,240 --> 00:33:01,400
Speaker 2: I want to get the best steal. Is that what

743
00:33:01,440 --> 00:33:03,320
Speaker 2: it is? Or is it just like he just sees

744
00:33:03,320 --> 00:33:06,000
Speaker 2: it as free money and he's been making this laundry

745
00:33:06,000 --> 00:33:08,880
Speaker 2: list of luxury products you guys genuinely do not need

746
00:33:08,960 --> 00:33:10,720
Speaker 2: and you don't even know if he's going to use them,

747
00:33:10,920 --> 00:33:12,719
Speaker 2: and he doesn't check the list twice. He's like, I'm

748
00:33:12,760 --> 00:33:14,520
Speaker 2: just going to buy the list when it comes up,

749
00:33:14,560 --> 00:33:17,520
Speaker 2: Like I want to know the mentality around that. But

750
00:33:17,760 --> 00:33:21,360
Speaker 2: same as Jess, Like what's your budget look like? And

751
00:33:21,400 --> 00:33:23,960
Speaker 2: what does your fun money allocated look like? And maybe

752
00:33:24,000 --> 00:33:26,720
Speaker 2: we're not even questioning the list, Like maybe we're sitting

753
00:33:26,760 --> 00:33:28,680
Speaker 2: down and being like, hey, like we're planning on doing

754
00:33:28,720 --> 00:33:32,720
Speaker 2: some spending in the future or around Black Friday, Like

755
00:33:32,800 --> 00:33:35,000
Speaker 2: what do we actually have budgeted for this? Like what

756
00:33:35,080 --> 00:33:37,440
Speaker 2: off the list can we afford to get or not?

757
00:33:38,000 --> 00:33:40,760
Speaker 2: As opposed to like breaking down his list in his

758
00:33:40,840 --> 00:33:45,200
Speaker 2: middle ground, only carefully curated for a specific purchase and

759
00:33:45,400 --> 00:33:47,800
Speaker 2: you know, you might come to the conclusion together. You

760
00:33:47,800 --> 00:33:49,800
Speaker 2: know what, you don't need a new TV. You already

761
00:33:49,800 --> 00:33:52,800
Speaker 2: have a TV and that one works really well. But

762
00:33:52,880 --> 00:33:54,720
Speaker 2: to him it might be a more of a priority

763
00:33:54,760 --> 00:33:56,640
Speaker 2: than you thought it was, So I don't think breaking

764
00:33:56,680 --> 00:34:00,280
Speaker 2: down the list first is maybe the wisest decision. Then

765
00:34:00,280 --> 00:34:02,760
Speaker 2: you're telling him kind of that his values aren't as

766
00:34:02,840 --> 00:34:05,400
Speaker 2: valid as what you think they are. And I wouldn't

767
00:34:05,400 --> 00:34:07,800
Speaker 2: want anyone to feel bad about their decisions around money,

768
00:34:07,880 --> 00:34:11,320
Speaker 2: especially sorry you're starting a list, you're checking it twice

769
00:34:11,360 --> 00:34:13,560
Speaker 2: a find out who's not or not exactly what we

770
00:34:13,600 --> 00:34:17,080
Speaker 2: got to exactly. And the other additional layer is maybe

771
00:34:17,080 --> 00:34:20,160
Speaker 2: you could open the conversation up about, hey, how do

772
00:34:20,239 --> 00:34:23,879
Speaker 2: we make the most of these sales? Christmas is coming up?

773
00:34:24,160 --> 00:34:26,560
Speaker 2: You know, it's my friend's birthday coming up, and I

774
00:34:26,600 --> 00:34:28,239
Speaker 2: know that it's like her thirtieth, so I know I'm

775
00:34:28,239 --> 00:34:30,120
Speaker 2: going to be buying a present. Should we be talking

776
00:34:30,120 --> 00:34:33,040
Speaker 2: about all of those things now, so that the sales

777
00:34:33,080 --> 00:34:36,120
Speaker 2: are not just you know, benefiting us and luxury items

778
00:34:36,120 --> 00:34:38,080
Speaker 2: that we want to buy, but also putting us in

779
00:34:38,120 --> 00:34:40,640
Speaker 2: a better financial position. Because I don't think a lot

780
00:34:40,680 --> 00:34:43,960
Speaker 2: of people and I have this year right there, Christmas

781
00:34:44,040 --> 00:34:46,719
Speaker 2: lists early enough to then go oh, I've picked up

782
00:34:46,719 --> 00:34:49,320
Speaker 2: Becks and Jesses and this and that during a sale,

783
00:34:49,600 --> 00:34:52,000
Speaker 2: because the closer you get to Christmas, the less sales

784
00:34:52,000 --> 00:34:53,400
Speaker 2: there are going to be. There's going to be a

785
00:34:53,400 --> 00:34:55,520
Speaker 2: whole heap of promotion. They're going to say that things

786
00:34:55,520 --> 00:34:58,560
Speaker 2: are discounted, but they're never as discounted as they are

787
00:34:58,640 --> 00:35:02,440
Speaker 2: during Black Friday or host Black Friday, just because they

788
00:35:02,440 --> 00:35:03,839
Speaker 2: know that you're more desperate for it and you're going

789
00:35:03,880 --> 00:35:05,640
Speaker 2: to pay for it. Yeah, you're not going to find

790
00:35:05,840 --> 00:35:08,760
Speaker 2: sales on Christmas Eve, baby cakes, that's not going to happen.

791
00:35:08,840 --> 00:35:11,960
Speaker 2: They know that you're now desperate buying yeah, and that

792
00:35:12,040 --> 00:35:14,640
Speaker 2: wasn't maybe a planned purchase, and they're going to make hey,

793
00:35:14,680 --> 00:35:17,640
Speaker 2: well the sun is shining basically. So we obviously also

794
00:35:17,680 --> 00:35:21,000
Speaker 2: asked the community because sorry, my favorite thing is your opinion.

795
00:35:21,120 --> 00:35:23,879
Speaker 2: Couldn't agree more. Oh I love reading through this and

796
00:35:23,880 --> 00:35:28,040
Speaker 2: being like, oh, that's spicy. So we first said what

797
00:35:28,120 --> 00:35:30,840
Speaker 2: would you do if you were our community member? This

798
00:35:30,960 --> 00:35:34,240
Speaker 2: was pretty split. Forty five percent of you said separate spending,

799
00:35:34,360 --> 00:35:38,160
Speaker 2: budget limits and the other forty five percent said compromised

800
00:35:38,239 --> 00:35:41,640
Speaker 2: with a shared agreed list seven percent of you said

801
00:35:42,120 --> 00:35:45,440
Speaker 2: leave him to spend however he wants, and two percent

802
00:35:45,520 --> 00:35:50,160
Speaker 2: said I'd push to skip Black Friday altogether. Okay, fine.

803
00:35:50,520 --> 00:35:54,000
Speaker 2: Next question I asked was what are your Black Friday vibes?

804
00:35:54,440 --> 00:35:56,920
Speaker 2: Thirty eight percent of you very she's on the money,

805
00:35:57,080 --> 00:36:00,000
Speaker 2: said I'm going to use it for Christmas gifts only gorgeous.

806
00:36:00,080 --> 00:36:02,719
Speaker 2: Thirty five percent of you said managed to stick to

807
00:36:02,960 --> 00:36:05,879
Speaker 2: my list and my budget. Seventeen percent of you said

808
00:36:05,920 --> 00:36:09,960
Speaker 2: I'm actually unsubscribing from everything Black Friday, and then ten

809
00:36:09,960 --> 00:36:14,360
Speaker 2: percent of you said get carried away and I am overspending. Yeah.

810
00:36:14,480 --> 00:36:16,279
Speaker 2: We then said, all right, what's your two cents on

811
00:36:16,320 --> 00:36:19,600
Speaker 2: this question? First person said, I put money away each

812
00:36:19,640 --> 00:36:22,120
Speaker 2: month for Black Friday sales. I do have a list

813
00:36:22,120 --> 00:36:24,359
Speaker 2: of essentials for myself, and I also have a plan

814
00:36:24,400 --> 00:36:27,759
Speaker 2: for my Christmas shop. Brilliant. Next person said, spending on

815
00:36:27,800 --> 00:36:30,440
Speaker 2: something you don't need because it's on sale is not saving.

816
00:36:30,520 --> 00:36:33,200
Speaker 2: It is still spending. I love that quote. That's one

817
00:36:33,239 --> 00:36:35,000
Speaker 2: of my favorite quotes because it you're true. I feel

818
00:36:35,000 --> 00:36:36,640
Speaker 2: like we say it in the office all the time

819
00:36:36,760 --> 00:36:38,279
Speaker 2: and people are like, oh my god, it was like

820
00:36:38,320 --> 00:36:40,640
Speaker 2: forty percent off, and we're like, was it or did

821
00:36:40,680 --> 00:36:44,040
Speaker 2: you play sixty percent true. Oh, if you were in

822
00:36:44,080 --> 00:36:45,920
Speaker 2: the office more often, Beck, I think you would be

823
00:36:46,320 --> 00:36:49,640
Speaker 2: horrified at the conversations we have. Like the other day,

824
00:36:49,680 --> 00:36:51,239
Speaker 2: I was talking to one of our team members who

825
00:36:51,320 --> 00:36:55,239
Speaker 2: really wants the new iPhone, and I was just like same, yeah.

826
00:36:55,480 --> 00:36:57,719
Speaker 2: I was like, you don't need it. She's like, yeah,

827
00:36:57,760 --> 00:36:59,560
Speaker 2: I do. Like it's got a better camera. And I

828
00:36:59,600 --> 00:37:02,080
Speaker 2: was like, you've got a camera. You do not need

829
00:37:02,120 --> 00:37:06,160
Speaker 2: another one camera. Yeah. No, sorry, I'm just no, no, no,

830
00:37:06,200 --> 00:37:08,120
Speaker 2: You've got a phone that works. And these things come

831
00:37:08,120 --> 00:37:10,799
Speaker 2: out every single twelve months, So another twelve months from now,

832
00:37:10,800 --> 00:37:13,279
Speaker 2: you're going to be wanting the iPhone eighteen? So do

833
00:37:13,360 --> 00:37:15,799
Speaker 2: you want that one? Like, let's just put it off, Like, well,

834
00:37:15,800 --> 00:37:19,440
Speaker 2: you've got something that works. Yeah. Oh yeah, we're savages

835
00:37:19,480 --> 00:37:21,960
Speaker 2: in the office. That's a great point. We're much kinder

836
00:37:21,960 --> 00:37:24,040
Speaker 2: to the community than we are to each other in

837
00:37:24,080 --> 00:37:26,839
Speaker 2: the office. Down. Yeah, we're like Jessica, put it down,

838
00:37:27,280 --> 00:37:30,520
Speaker 2: just step away from the next person said the over

839
00:37:30,600 --> 00:37:33,640
Speaker 2: consumption and american ness actually just gives me the ex

840
00:37:33,680 --> 00:37:36,319
Speaker 2: so I skip. Next person said, do you have a

841
00:37:36,360 --> 00:37:39,480
Speaker 2: shared goal that his spending is going to interfere with

842
00:37:40,400 --> 00:37:43,600
Speaker 2: or are you better? And I'll do two more. Next

843
00:37:43,600 --> 00:37:45,680
Speaker 2: person said, it's not a sale if they hike the

844
00:37:45,719 --> 00:37:47,879
Speaker 2: price for the month before, then bring it back down

845
00:37:47,960 --> 00:37:48,760
Speaker 2: for like Friday.

846
00:37:48,880 --> 00:37:51,120
Speaker 4: That's always worth checking because some people do do that

847
00:37:51,280 --> 00:37:51,800
Speaker 4: some places.

848
00:37:52,120 --> 00:37:55,000
Speaker 2: True. And then someone said, I will only ever order

849
00:37:55,040 --> 00:37:58,359
Speaker 2: something if it's like fifty percent off, not the silly

850
00:37:58,400 --> 00:38:02,680
Speaker 2: five to twenty percent. Impletely agree. Do you get that anytime? Yeah? Absolutely?

851
00:38:02,719 --> 00:38:04,480
Speaker 2: All right, Well That's where I'm going to leave it there.

852
00:38:04,520 --> 00:38:06,279
Speaker 2: But I do feel like I just need to have

853
00:38:06,360 --> 00:38:10,439
Speaker 2: a values conversation. What's a comeback to jess communication that's

854
00:38:10,520 --> 00:38:13,759
Speaker 2: been so wild for a wild all right, will have

855
00:38:13,800 --> 00:38:15,359
Speaker 2: a good rest of the day, guys, and we'll see

856
00:38:15,360 --> 00:38:17,000
Speaker 2: you bright and early on Monday morning for a money

857
00:38:17,080 --> 00:38:20,759
Speaker 2: Darry Bye, Bye, guys. Bye.

858
00:38:25,120 --> 00:38:27,680
Speaker 6: The advice shared on She's on the Money is general

859
00:38:27,719 --> 00:38:31,000
Speaker 6: in nature and does not consider your individual circumstances.

860
00:38:31,320 --> 00:38:31,920
Speaker 2: She's on the.

861
00:38:31,840 --> 00:38:35,400
Speaker 6: Money exists purely for educational purposes and should not be

862
00:38:35,480 --> 00:38:38,280
Speaker 6: relied upon to make an investment or financial decision.

863
00:38:38,680 --> 00:38:40,840
Speaker 2: If you do choose to buy a financial.

864
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Speaker 6: Product, read the PDS TMD and obtain appropriate financial.

865
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Speaker 5: Advice tailored towards your needs.

866
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Speaker 6: Victoria divine and she's on the money are authorized representatives

867
00:38:50,200 --> 00:38:54,080
Speaker 6: of money Shoper pty Ltd ABN three two one is

868
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Speaker 6: six four nine two seven seven zero eight AFSL four

869
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Speaker 6: five one two eight

870
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Speaker 2: Nine Back had the