WEBVTT - FRIDAY DRINKS: Superannuation Hacks 0:00:00.200 --> 0:00:02.000 She's on the Money. 0:00:02.160 --> 0:00:19.440 She's on the Money. 0:00:22.920 --> 0:00:26.360 Hello, and welcome to She's on the Money, the podcast 0:00:26.400 --> 0:00:30.120 for millennials who want financial freedom. Welcome to another one 0:00:30.160 --> 0:00:32.839 of our Friday Drinks episodes where we get to celebrate 0:00:32.880 --> 0:00:34.959 the money wins from the She's on the Money community, 0:00:35.640 --> 0:00:39.720 talk a little bit about lockdown being extended, and talk 0:00:39.720 --> 0:00:44.120 about accountability August, which is super fun. So before we 0:00:44.240 --> 0:00:46.520 jumped straight into that, I wanted to wrap the week 0:00:46.640 --> 0:00:48.360 so that we could all get up to speed on 0:00:48.440 --> 0:00:52.400 exactly what you might have missed. Tony Lodge, what did 0:00:52.440 --> 0:00:54.520 we miss on Monday's Money Diary this week? 0:00:55.080 --> 0:00:59.120 Our money diarist on Monday covered a topic that we've 0:00:59.120 --> 0:01:03.080 never really broached before from a money diary, and she 0:01:03.240 --> 0:01:05.360 sent her money Diary in to kind of reach out 0:01:05.400 --> 0:01:08.880 to the Asian community of She's on the Money and 0:01:09.000 --> 0:01:12.400 talk about the reality of sending money to your parents 0:01:12.440 --> 0:01:15.200 every week and kind of broke the stigma, all the 0:01:15.240 --> 0:01:19.479 thoughts around it being mandatory or that you. 0:01:19.560 --> 0:01:22.000 Have to do it. She kind of explained that she 0:01:22.160 --> 0:01:22.800 loves doing it. 0:01:22.840 --> 0:01:25.840 She loves supporting her parents and kind of giving them 0:01:25.880 --> 0:01:28.679 the support that they gave her when she was a kid. 0:01:28.760 --> 0:01:32.320 So it was actually so Yeah, it was really really 0:01:32.360 --> 0:01:35.920 cool and just such a different culture to what I 0:01:36.080 --> 0:01:39.640 experience or you might experience or whatever. So if you're 0:01:39.680 --> 0:01:42.119 kind of interested in what that looks like, I'd definitely 0:01:42.120 --> 0:01:44.119 give it a listen because it was super cool. 0:01:44.280 --> 0:01:46.360 I loved it, and I actually got a few dms 0:01:46.360 --> 0:01:48.720 from people in our community who were like, Oh my gosh, 0:01:48.760 --> 0:01:51.600 I resonated with that so much because I do that 0:01:51.680 --> 0:01:54.360 with my family, and a couple of them actually shared 0:01:54.400 --> 0:01:57.680 photos of their families that they've been sending money to, 0:01:57.920 --> 0:02:00.440 and oh my gosh, it made my heart so and 0:02:00.560 --> 0:02:02.600 I just am a bit upset that we hadn't broached 0:02:02.640 --> 0:02:05.200 the topic sooner, because it seems that there are a 0:02:05.200 --> 0:02:07.760 lot of people out in our community who are sending 0:02:07.800 --> 0:02:11.200 money home, and to be honest, how noble is that. Like, 0:02:11.280 --> 0:02:13.880 it's just something that makes me really proud to know 0:02:14.000 --> 0:02:14.720 people like that. 0:02:14.919 --> 0:02:18.040 You know, it was really special and, like I said, 0:02:18.120 --> 0:02:20.359 just something that I've never really thought about or kind 0:02:20.400 --> 0:02:22.919 of thought. Oh, imagine if you didn't have the money 0:02:22.919 --> 0:02:25.120 that week, then do you kind of go without dinner 0:02:25.160 --> 0:02:26.880 because you've got to send money to your parents? 0:02:26.919 --> 0:02:29.240 And she explained, well, actually, no, if I don't have 0:02:29.280 --> 0:02:29.640 the money. 0:02:29.680 --> 0:02:32.000 My mum goes, Okay, that's fine, you know, so it's 0:02:32.560 --> 0:02:34.960 not as kind of strict or like it's not like 0:02:35.040 --> 0:02:36.280 paying your taxes, you know. 0:02:37.120 --> 0:02:39.400 Well, I was just going to say, I lived in Malaysia, right, 0:02:39.440 --> 0:02:41.520 and there was a lot of chat about what they 0:02:41.560 --> 0:02:43.880 would call double tax because you get taxed by the 0:02:43.919 --> 0:02:46.400 government and then I know, taxes doesn't feel like the 0:02:46.440 --> 0:02:49.320 right word, but like the family takes a cut and 0:02:49.360 --> 0:02:51.200 the government takes a cut, and they always talked about 0:02:51.200 --> 0:02:53.840 this double double tax, and then how it is harder 0:02:53.840 --> 0:02:55.799 for younger people to build personal wealth because you don't 0:02:55.800 --> 0:02:58.240 build there's no personal wealth, especially in Asian country. It's 0:02:58.240 --> 0:03:01.160 family wealth, you know what I mean. Like one person wins, 0:03:01.200 --> 0:03:03.560 we all win. And if you think about even in 0:03:03.600 --> 0:03:05.200 movies and the culture, you can kind of see that 0:03:05.440 --> 0:03:07.640 once it's sort of been pointed out that it's like 0:03:07.680 --> 0:03:08.799 the whole family's rich. 0:03:09.040 --> 0:03:11.800 We had a lot of really great feedback on socials 0:03:11.919 --> 0:03:13.560 following on from Monday's posts as well. 0:03:13.600 --> 0:03:15.639 One girl I was chatting to she was like, as. 0:03:15.480 --> 0:03:17.600 A person of color, this makes me feel really seen 0:03:17.639 --> 0:03:19.640 and I'm so excited to see you guys lifting up 0:03:19.720 --> 0:03:22.200 voices of people, and I hope you can do more 0:03:22.480 --> 0:03:24.280 of those in the future. And I just wanted to 0:03:24.320 --> 0:03:28.000 say we obviously are like so grateful and thankful that 0:03:28.040 --> 0:03:30.919 we get plenty of people sending through their money diaries 0:03:30.919 --> 0:03:33.160 and wanting to share their stories. But we can only 0:03:33.160 --> 0:03:36.680 share the stories of people that come through so and 0:03:37.120 --> 0:03:40.520 like you know, heritage or culture or religion, none of 0:03:40.560 --> 0:03:43.160 those are prerequisites for being a money direst. And we 0:03:43.320 --> 0:03:46.360 love hearing diverse stories. So if you do have a 0:03:46.400 --> 0:03:48.320 story that you would like to share, please send it 0:03:48.360 --> 0:03:51.120 through to us and outline just a really brief overview 0:03:51.160 --> 0:03:53.240 of story. We get so many that we aren't able 0:03:53.280 --> 0:03:55.520 to get back to every single person. I'm really sorry, 0:03:55.560 --> 0:03:58.560 but we do really try to share a diverse range 0:03:58.680 --> 0:04:00.800 and the more people, the more stories, and the more 0:04:00.840 --> 0:04:02.440 backgrounds that we get, the better. 0:04:02.200 --> 0:04:04.840 We're able to do that. Yeah, and that's so special. 0:04:04.920 --> 0:04:07.440 Like when we get to share stories, it is honestly 0:04:07.760 --> 0:04:10.960 my favorite part of my week. It is the best part. 0:04:11.080 --> 0:04:13.280 But let's move on because I could go on about 0:04:13.320 --> 0:04:17.719 money diaries literally forever. Jessica, back to you. What happened 0:04:17.760 --> 0:04:20.520 in this week's Deep Dive. This week on the Deep Dive, 0:04:20.560 --> 0:04:23.479 week spoke about job interviews and how they can be 0:04:23.520 --> 0:04:25.240 a really scary, really tough. 0:04:25.000 --> 0:04:27.599 Thing if you're someone like me who gets super anxious 0:04:27.760 --> 0:04:30.919 with those high pressure situations. So we went through a 0:04:31.000 --> 0:04:33.880 really great almost like a checklist of like things you 0:04:33.880 --> 0:04:36.480 can do beforehand, things you can do in the interview, 0:04:36.600 --> 0:04:39.919 any like aftercare or follow up, to make you feel 0:04:39.920 --> 0:04:43.640 like you're super prepped and super empowered to shine your 0:04:43.640 --> 0:04:44.359 best light. 0:04:44.240 --> 0:04:44.920 In that interview. 0:04:44.920 --> 0:04:48.240 Because it is a super competitive market and I think 0:04:48.240 --> 0:04:50.800 there's a very small number of people who love going 0:04:50.839 --> 0:04:53.920 in for interviews, and even if it's not your favorite experience, 0:04:53.960 --> 0:04:55.640 there are some things you can do to put your 0:04:55.640 --> 0:04:56.400 best foot forward. 0:04:56.680 --> 0:04:58.160 I love job interviews. 0:04:58.440 --> 0:04:59.920 How do you love job interview? 0:05:00.560 --> 0:05:02.000 I love talking about myself? 0:05:02.040 --> 0:05:04.080 I was literally about to say, I do not know 0:05:04.200 --> 0:05:07.679 one person who loves job interviews, and you're like outing 0:05:07.720 --> 0:05:10.920 yourself before I even ask the question. I do why 0:05:11.160 --> 0:05:12.640 just because you love talking about yourself? 0:05:12.880 --> 0:05:15.080 Well, in your last job interview, Victoria and I paid 0:05:15.080 --> 0:05:16.279 for your lunch, So maybe that's it. 0:05:16.600 --> 0:05:19.240 Hey, it was one coffee and we got rained out 0:05:19.279 --> 0:05:20.240 and then we had to leave. 0:05:21.800 --> 0:05:24.279 Sorry are you complaining you got the job? 0:05:24.480 --> 0:05:26.480 I am all right? 0:05:26.680 --> 0:05:29.520 No revert to lunch, no problems. We'll talk about this 0:05:29.640 --> 0:05:32.920 later Tony Lodge. But as always, we are going to 0:05:32.960 --> 0:05:36.320 go straight into our money wins from the community that 0:05:36.440 --> 0:05:39.520 Ryan John pulls together. Ryan, what if you got this week? 0:05:39.760 --> 0:05:41.919 Rachel Morris has a win, and I think all of 0:05:41.960 --> 0:05:43.520 us can just nod our heads and go what an 0:05:43.560 --> 0:05:46.120 absolute lord. I found a dress I wanted for an 0:05:46.160 --> 0:05:49.000 engagement party for one hundred and ten dollars, and like 0:05:49.160 --> 0:05:50.440 a lot of people in the group say, you know, 0:05:50.480 --> 0:05:52.440 put twenty four hours between you purchase, you thought I 0:05:52.880 --> 0:05:55.040 might just see if I really wanted I'll sleep on it. 0:05:55.320 --> 0:05:56.960 She went back the next week to look at the 0:05:56.960 --> 0:05:58.919 same dress. Instead of being one hundred and ten, it 0:05:59.040 --> 0:06:02.840 was thirty the exact same dress, brand new from one 0:06:02.880 --> 0:06:04.920 hundred and ten to thirty dollars, so she bought it. 0:06:04.920 --> 0:06:08.400 It was on sale. Well done, goat job. Zara has 0:06:08.440 --> 0:06:10.680 a good one. I haven't taken any money out of 0:06:10.680 --> 0:06:14.400 my savings account for sixty three days in a row. 0:06:16.000 --> 0:06:20.200 Get it. I love that Rebecca Brown. During lockdown, I 0:06:20.279 --> 0:06:22.800 was bored, so I started playing around making masks because 0:06:22.800 --> 0:06:24.839 she's obviously good at knitting or sewing, and just wanted 0:06:24.880 --> 0:06:27.279 to keep busy. You know, we're all driving ourselves insane 0:06:27.279 --> 0:06:27.560 at home. 0:06:27.600 --> 0:06:30.040 I would assume sewing. Can you imagine a knitted mask? 0:06:30.120 --> 0:06:30.800 You cop. 0:06:32.080 --> 0:06:36.280 Would just go straight through like me, most useless mask. 0:06:37.240 --> 0:06:41.360 It's like a crochet the KINI also useless. 0:06:42.520 --> 0:06:45.159 Could I sound any more like a middle aged white 0:06:45.160 --> 0:06:46.960 guy just trying to explain, Oh, if you just knit 0:06:47.000 --> 0:06:48.240 it together, you pull off things. 0:06:50.160 --> 0:06:53.200 Just shaking my head, being like, no, Ryan, Yeah, I 0:06:53.240 --> 0:06:54.000 didn't knit her. 0:06:54.960 --> 0:06:58.520 Great story, Ryan, keep telling him. She thought, since she 0:06:58.600 --> 0:07:01.600 made them, she saidself a goal of I'm going to 0:07:01.640 --> 0:07:04.520 make five hundred dollars by selling them on Facebook marketplaces 0:07:04.560 --> 0:07:05.080 in a month? 0:07:06.120 --> 0:07:08.080 Is it an accountability August goal? 0:07:09.279 --> 0:07:12.160 Five hundred dollars in a month. Five hundred dollars in 0:07:12.240 --> 0:07:15.040 a month was the goal. But unfortunately that will not 0:07:15.080 --> 0:07:17.640 be the result because in the first four days she 0:07:17.720 --> 0:07:23.080 made one thousand dollars. A thousand dollars in four days. 0:07:23.080 --> 0:07:24.640 Way to one thousand dollars. 0:07:24.720 --> 0:07:27.800 Guys, she could bank account. 0:07:27.760 --> 0:07:32.880 Get the sewing pins and knitting needles out for wild times. Well, 0:07:33.080 --> 0:07:35.320 and I can confirm I have been in touch with 0:07:35.400 --> 0:07:39.360 Rebecca today and that one thousand dollars is now up 0:07:39.360 --> 0:07:41.800 to one thousand and thirty eight because I have purchased 0:07:41.840 --> 0:07:44.440 some myself and she's sending them to my office. So 0:07:44.480 --> 0:07:47.720 thank you Rebecca for that. And customer, does. 0:07:47.560 --> 0:07:49.440 She have like a business name that we can give. 0:07:49.360 --> 0:07:51.480 A little can we share it? Can you imagine if 0:07:51.520 --> 0:07:52.520 it was like triple that? 0:07:53.400 --> 0:07:56.080 Well, she actually said that it's because it's gone wild, 0:07:56.200 --> 0:07:57.800 like literally in the last week. She can't keep up. 0:07:57.840 --> 0:07:59.640 But it's in the Facebook group. So let me ask 0:07:59.680 --> 0:08:01.200 her for some details, and if we get a bit 0:08:01.200 --> 0:08:03.040 of an update, I can reshare that into the group 0:08:03.040 --> 0:08:05.280 and a little link or something. Yeah, but she's flat out. 0:08:05.320 --> 0:08:07.679 I don't want to overwhelm her and send one hundred 0:08:07.720 --> 0:08:10.560 and eighty thousand people from the group to her website. 0:08:10.720 --> 0:08:12.680 Her poor knitting hands won't be able to keep up, 0:08:12.920 --> 0:08:16.360 all right. Melissa said she received a letter from Optis. 0:08:16.360 --> 0:08:17.840 Now I think this was in the news, so some 0:08:17.920 --> 0:08:20.200 other people might have had something similar. I received a 0:08:20.240 --> 0:08:23.920 letter from Optus. They're compensating me a thousand dollars from 0:08:23.960 --> 0:08:26.480 the NBN that we had two years ago, and I 0:08:26.480 --> 0:08:29.160 think there was some sort of refund payout. They promised 0:08:29.160 --> 0:08:31.680 a certain speed that they couldn't end up delivering. It 0:08:31.760 --> 0:08:33.920 was one of those sort of stories. So, I mean, 0:08:34.000 --> 0:08:36.239 when you get slow Internet, you kind of just get frustrated. 0:08:36.240 --> 0:08:38.560 You don't really think about the legalities of it. But 0:08:38.600 --> 0:08:42.160 she has a check for one thousand dollars as a repayment. 0:08:42.320 --> 0:08:44.680 That's a good money win. That is, that's the money 0:08:44.679 --> 0:08:47.440 when you didn't see coming like that's the truest of 0:08:47.520 --> 0:08:48.400 true money wins. 0:08:48.440 --> 0:08:51.760 I believe yeap Georgia Baker, And I don't know if 0:08:51.800 --> 0:08:53.840 you saw this photo in the group. She took a 0:08:53.880 --> 0:08:56.680 screenshot of her phone because she was on hold for 0:08:56.800 --> 0:09:00.280 one hour and fifty seven minutes. Oh my god, to 0:09:00.320 --> 0:09:03.240 get through to on my Gov and Center link. It's 0:09:03.520 --> 0:09:06.000 been really hard for a lot of people after countless 0:09:06.080 --> 0:09:08.520 hurdles and on hold for this long. Today, I finally 0:09:08.559 --> 0:09:12.200 got my disaster payment for being fourteen days in quarantine 0:09:12.440 --> 0:09:13.920 because she was in a bit of a tricky spot. 0:09:14.000 --> 0:09:16.160 I can now pay my rent and bills without touching 0:09:16.160 --> 0:09:20.600 my emergency fund. What a massive relief. And she did 0:09:20.600 --> 0:09:23.400 point out though that it would have been more stressful 0:09:23.679 --> 0:09:26.840 obviously if she had not had the emergency fund. At 0:09:26.920 --> 0:09:28.960 least she would have then had an option to make 0:09:29.000 --> 0:09:32.040 and she said obviously we never really want to use 0:09:32.040 --> 0:09:34.000 our emergency fund, but just having it there, it took 0:09:34.000 --> 0:09:35.679 a lot of stress off, and that, I guess is 0:09:35.679 --> 0:09:37.199 the whole point of having it so well done. 0:09:37.280 --> 0:09:38.000 Yeah for sure. 0:09:38.480 --> 0:09:41.800 Now Kirale Hall will we say. She's a frequent commentor 0:09:41.840 --> 0:09:44.280 and great value on both Instagram and Facebook. She's all 0:09:44.320 --> 0:09:48.440 over it money loss. I bought a Nintendo Switch and 0:09:48.480 --> 0:09:50.440 a whole bunch of games and probably spent more than 0:09:50.440 --> 0:09:52.160 I would have liked. But I'm in lockdown and I 0:09:52.200 --> 0:09:54.480 work at Aldi, so I think I deserve it. This 0:09:54.520 --> 0:09:57.080 is now in my self care slash lockdown win, and 0:09:57.120 --> 0:09:57.760 I'm taking it. 0:09:57.800 --> 0:10:02.120 So on your here and shout out to everyone who 0:10:02.280 --> 0:10:04.760 does work in an essential service, all of our supermarket 0:10:04.760 --> 0:10:09.040 workers and healthcare professionals. Because it's tough, and I know 0:10:09.080 --> 0:10:10.920 that sometimes it can be hard when you see everyone 0:10:10.920 --> 0:10:14.080 else working from home, and obviously everything has its own challenges, 0:10:14.160 --> 0:10:16.319 but those people who are still getting up and going 0:10:16.360 --> 0:10:17.920 to work every day, you guys are my heroes. 0:10:18.520 --> 0:10:20.240 All right, V you've got your phone in your hand, 0:10:20.240 --> 0:10:21.479 type this into Instagram. 0:10:21.760 --> 0:10:22.319 I'm on it. 0:10:22.520 --> 0:10:27.199 Bells dot build. So this is Bala. She is nineteen 0:10:27.320 --> 0:10:30.720 years old and She's just finished building her own house. 0:10:31.280 --> 0:10:34.480 She's built her own house and she's nineteen years old. 0:10:34.520 --> 0:10:36.640 Stop it when you say she built her herself, do 0:10:36.720 --> 0:10:39.720 you mean like she literally like nailed it together. I 0:10:39.760 --> 0:10:42.240 mean there's more than nails holding it. 0:10:42.720 --> 0:10:45.079 Little miss. You sound like Ryan with needing me. 0:10:45.480 --> 0:10:47.440 I was gonna say, who's worse, me trying to describe 0:10:47.480 --> 0:10:49.120 how to make a mask or just describing how to 0:10:49.120 --> 0:10:51.600 build it one. 0:10:52.240 --> 0:10:54.200 This house is so cute. 0:10:54.520 --> 0:10:55.520 It's beautiful, isn't it? 0:10:55.559 --> 0:10:59.000 Like her kitchen like runs rings around mine. The house 0:10:59.080 --> 0:11:01.000 is cute. The whole thing has been documented. 0:11:01.240 --> 0:11:04.320 How fun it really is fun? But to answer your question, Jess, 0:11:04.360 --> 0:11:07.199 there's obviously lots of other trades and specialists and stuff 0:11:07.200 --> 0:11:09.400 doing it. However, there are a lot of photos of 0:11:09.440 --> 0:11:11.600 her in the high veers and the work boots on 0:11:11.720 --> 0:11:13.720 site do it like. I don't know the extent, but 0:11:13.800 --> 0:11:17.320 she has managed this whole process at age nineteen, way 0:11:17.320 --> 0:11:19.240 to make the rest of us all feel useless. 0:11:19.280 --> 0:11:23.520 Bell, and you're terrible, And they sink tap in my 0:11:23.600 --> 0:11:25.840 bathroom doesn't even have hot water. Thank you. 0:11:25.920 --> 0:11:26.120 Bell. 0:11:33.120 --> 0:11:35.760 All right, we are back and today I am so 0:11:35.960 --> 0:11:38.840 excited about this. Sounds like I'm going into an ad 0:11:38.880 --> 0:11:41.280 but I'm not. I'm literally going to tell you how 0:11:41.320 --> 0:11:43.360 to convince the government to give you an extra five 0:11:43.400 --> 0:11:45.520 hundred bucks in your super which I think is a 0:11:45.640 --> 0:11:48.760 very exciting thing. I don't think any of you are 0:11:48.800 --> 0:11:52.440 actually eligible because you guys own too much money. But 0:11:53.000 --> 0:11:56.360 if you earn under fifty six thousand, one hundred and 0:11:56.440 --> 0:12:00.200 twelve dollars and you're currently making after tax contributions to 0:12:00.240 --> 0:12:02.880 your super you could be eligible for the government to 0:12:02.880 --> 0:12:05.839 make a co contribution of five hundred dollars to your superfund, 0:12:05.960 --> 0:12:07.680 which is a money win if ever I heard one. 0:12:08.600 --> 0:12:11.440 That's huge. That's huge. So what do people actually have 0:12:11.480 --> 0:12:13.040 to do gifted? 0:12:13.120 --> 0:12:13.240 Right? 0:12:13.400 --> 0:12:13.559 No? 0:12:13.559 --> 0:12:16.200 No, no, you don't just get it unfortunately, why not? 0:12:16.400 --> 0:12:19.319 Why do I make it hard? It's not actually that hard. 0:12:19.480 --> 0:12:21.480 Just give me the money, please, I promise you. 0:12:21.520 --> 0:12:24.200 It's really easy. But you've got to know about it. 0:12:24.200 --> 0:12:25.320 You've got to be in it to win it. 0:12:25.400 --> 0:12:25.640 Right. 0:12:25.760 --> 0:12:29.160 So if you make an after tax contribution to your superfund, 0:12:29.200 --> 0:12:32.440 which you don't claim a tax deduction for so you 0:12:32.480 --> 0:12:35.520 can't claim it on your tax, then you lodge your 0:12:35.600 --> 0:12:38.360 tax return and have a total income of less than 0:12:38.360 --> 0:12:41.319 fifty four thousand eight hundred and thirty seven dollars in 0:12:41.400 --> 0:12:44.880 the twenty twenty one financial year or the twenty twenty 0:12:44.880 --> 0:12:47.160 two financial year which is coming up, which is fifty 0:12:47.160 --> 0:12:51.240 six thousand, one hundred and twelve dollars, you can receive 0:12:51.559 --> 0:12:54.120 the co contribution, And Tony, you know how you said 0:12:54.160 --> 0:12:56.120 before they always make you jump through hoops and apply 0:12:56.200 --> 0:12:59.000 for things. This one. You don't actually have to apply 0:12:59.080 --> 0:13:01.360 for the co contribute, but you do need to make 0:13:01.400 --> 0:13:03.720 sure that your super fund has your tax file numbers 0:13:03.720 --> 0:13:06.160 so they know whether or not that you've claimed your 0:13:06.200 --> 0:13:09.160 super contributions or not. Then once you've lodged your tax 0:13:09.200 --> 0:13:11.959 return with the ATO who have super fun guys, they 0:13:11.960 --> 0:13:15.400 will then use that information to work out your eligibility, 0:13:15.440 --> 0:13:18.520 and if you're eligible, the ATR will just automatically calculate 0:13:18.520 --> 0:13:20.400 the amount that is owed to you and put it 0:13:20.440 --> 0:13:24.080 in your super fund. And I think that's really fun. 0:13:24.520 --> 0:13:26.360 I don't know about you, guys. You don't seem as 0:13:26.480 --> 0:13:29.079 enthusiastic about this as me, because you're like, oh, it's 0:13:29.080 --> 0:13:31.920 five hundred dollars? Is it worth it? Yes? Because I 0:13:31.920 --> 0:13:33.720 have done the mass because well, here we go. 0:13:33.720 --> 0:13:35.880 I'm rubbing my hands together. VI how much is it 0:13:35.920 --> 0:13:37.079 going to be occur? Right? Right? 0:13:37.160 --> 0:13:37.360 Right? 0:13:37.480 --> 0:13:39.920 So if we calculated it out and worked out the 0:13:39.920 --> 0:13:42.720 compounding interest on five hundred dollars, which is an exciting 0:13:42.760 --> 0:13:45.280 thing to do, because I don't think many of us 0:13:45.280 --> 0:13:48.480 are like, oh, contributing five hundred dollars to super is 0:13:48.480 --> 0:13:49.079 it worth it? 0:13:49.120 --> 0:13:51.080 Is it not? It doesn't sound like very much. 0:13:51.080 --> 0:13:53.280 It doesn't sound like a lot. But I promise you 0:13:53.400 --> 0:13:55.920 over the long term, it absolutely is. And if we 0:13:55.960 --> 0:13:58.280 work off a base rate of seven point five percent, 0:13:58.320 --> 0:14:01.360 we're not calculating into this any CPR or inflation, So 0:14:01.520 --> 0:14:05.080 just f yi. But hypothetically, if you were twenty years 0:14:05.120 --> 0:14:08.000 old and you got an additional five hundred dollars from 0:14:08.000 --> 0:14:12.319 the government by the time you're almost ready to retire, Tony, 0:14:12.360 --> 0:14:13.760 do you want to have a stab? How much is 0:14:13.800 --> 0:14:15.240 that five hundred dollars worth? 0:14:15.720 --> 0:14:17.160 Five thousand dollars? 0:14:17.360 --> 0:14:21.960 No, it is twelve thousand, nine hundred and seventy three 0:14:22.160 --> 0:14:25.480 dollars if you calculated out using the money Smart Government 0:14:25.560 --> 0:14:29.440 website compounding interest calculator, which I think is so fun. 0:14:29.720 --> 0:14:32.280 But that's only at seven point five percent, which is 0:14:32.280 --> 0:14:35.320 pretty conservative. And I just think that that's really fun 0:14:35.400 --> 0:14:38.080 because in retirement, you could have like twelve grand more 0:14:38.240 --> 0:14:39.640 simply by thinking about. 0:14:39.440 --> 0:14:43.680 It now, which is a pretty bougie holiday. Or oh 0:14:44.040 --> 0:14:45.040 that's a lot of money. 0:14:45.080 --> 0:14:47.400 At the end of the day, car guys, the government 0:14:47.440 --> 0:14:53.360 will give you a car that they won't hard. That 0:14:53.520 --> 0:14:57.760 is also, let's remember, on top of your already existing 0:14:57.800 --> 0:15:00.680 ten percent super contributions that you are making today, which 0:15:00.760 --> 0:15:02.840 I think is super fun and that is why super 0:15:03.000 --> 0:15:05.880 super sexy. And you guys don't agree with me, and 0:15:05.880 --> 0:15:08.520 that's cool. We can talk about something else. But if 0:15:08.560 --> 0:15:11.080 you are eligible, I would be looking into that, and 0:15:11.120 --> 0:15:12.880 that is one of the benefits of she's on the money, 0:15:12.880 --> 0:15:14.720 because we just want to make you money. We want 0:15:14.720 --> 0:15:15.440 to make you rich. 0:15:16.120 --> 0:15:19.120 So basically, the government's not giving you five hundred dollars 0:15:19.520 --> 0:15:27.200 astros Asterix. We come five hundred dollars, so you're welcome. 0:15:27.720 --> 0:15:32.200 Yeah, don't say we don't do anything for you. All right, 0:15:32.280 --> 0:15:34.720 Moving away from supachers. As much as that's a really 0:15:34.800 --> 0:15:38.160 really exciting you guys don't look as enthusiastic about it 0:15:38.200 --> 0:15:41.600 as I know you are about our accountability August check in. 0:15:42.160 --> 0:15:45.480 So let's start with Ryan, Ryan, how are you going 0:15:45.520 --> 0:15:47.760 with your accountability? August challenge. 0:15:48.200 --> 0:15:50.040 Well, first of all, I would just like to say 0:15:50.080 --> 0:15:51.840 thank you to all the people in that She's on 0:15:51.880 --> 0:15:54.360 the Money group who have been overly supportive, because, as 0:15:54.400 --> 0:15:57.360 I posted on Friday saying that I'm not going to 0:15:57.400 --> 0:15:59.880 spend any money on Uber Eats at the same time 0:16:00.040 --> 0:16:02.440 as Melbourne going back into lockdown, I feel like we're 0:16:03.560 --> 0:16:06.440 conflicting errors. And there is literally a thousand comments on 0:16:06.440 --> 0:16:09.320 this post of people being like, lockdown doesn't count, It's 0:16:09.360 --> 0:16:12.359 totally fine, get your wife divide. 0:16:12.680 --> 0:16:14.720 Do you need a voucher like we've got you? 0:16:14.760 --> 0:16:18.600 So take this to yourself and to be honest, And 0:16:18.640 --> 0:16:20.120 I don't know if this sounds like a bit softy, 0:16:20.200 --> 0:16:22.280 but obviously we're all bummed out about lockdown. But just 0:16:22.320 --> 0:16:24.520 reading through that thread of people just like making jokes 0:16:24.560 --> 0:16:26.160 about it and saying it doesn't count, it was actually 0:16:26.160 --> 0:16:27.680 pretty funny and put a smile on my face. So 0:16:27.720 --> 0:16:30.080 that was great. But to answer your question, how's it going? 0:16:30.120 --> 0:16:35.640 Not well? Not well at all, I think, And I mean, 0:16:36.080 --> 0:16:38.520 what a great cop out. But when you can't really 0:16:38.560 --> 0:16:40.800 do much during the day and you don't really have 0:16:40.920 --> 0:16:43.800 much to look forward to, just being able to have 0:16:43.880 --> 0:16:47.160 some delicious food that someone else cooked is fantastic, and 0:16:47.200 --> 0:16:48.960 I just want to share my favorite comment. I don't 0:16:48.960 --> 0:16:50.320 know if it was a meme or a comment or 0:16:50.320 --> 0:16:53.000 a tweet or somewhere I saw it, but someone said, 0:16:54.400 --> 0:16:57.120 getting COVID means you might be short of breath. Getting 0:16:57.120 --> 0:16:59.480 into lockdown means you're now allergic to all the food 0:16:59.600 --> 0:17:04.920 already in your fridge. It's no interest. So I definitely 0:17:04.920 --> 0:17:06.600 feel that. I reckon. I've had uber eats once or 0:17:06.880 --> 0:17:09.119 it's still actually less once, probably used to. 0:17:10.080 --> 0:17:12.600 I think it might have been a few more times 0:17:12.640 --> 0:17:13.320 than once. 0:17:13.520 --> 0:17:18.320 Ryan John, no once or twice. I think going direct 0:17:18.320 --> 0:17:20.520 to the restaurant was loop hole. We discussed last week. 0:17:20.520 --> 0:17:24.840 That may have been exercised again, but I just, I 0:17:24.840 --> 0:17:27.399 guess more conscious of it as well and not just 0:17:27.440 --> 0:17:30.920 getting the worst option, even if it's a healthier Uber 0:17:30.960 --> 0:17:33.120 eat than just always being pizza or burgers or something 0:17:33.200 --> 0:17:35.200 like that. There are a lot of like I live 0:17:35.240 --> 0:17:37.040 in Richmond's, there are a good of like really fresh 0:17:37.080 --> 0:17:39.760 like Vietnamese places and stuff like that. So trying to 0:17:39.800 --> 0:17:42.000 not still be as fat as I was, But I'm 0:17:42.000 --> 0:17:45.600 fighting the good fight and still going but loud. 0:17:45.600 --> 0:17:48.760 If you Ryan, congratulations. 0:17:47.680 --> 0:17:50.120 Thank you. I appreciate that, jess What is happening though? 0:17:50.119 --> 0:17:51.479 Where are you up to with yours? Because you were 0:17:51.480 --> 0:17:54.680 planning on selling a whole step of things on marketplace, right. 0:17:54.520 --> 0:17:57.119 Which is probably pretty hard if you can't have people 0:17:57.160 --> 0:17:57.800 coming over. 0:17:57.880 --> 0:17:58.400 Correct. 0:17:58.680 --> 0:18:00.840 So I was doing really well week when I had 0:18:00.880 --> 0:18:04.400 made ninety dollars and then we went bang straight into lockdown, 0:18:05.040 --> 0:18:08.320