1 00:00:00,200 --> 00:00:13,320 Speaker 1: She's on the Money. She's on the Money. 2 00:00:19,239 --> 00:00:21,840 Speaker 2: Hello, and welcome to a brand new season of She's 3 00:00:21,880 --> 00:00:25,079 Speaker 2: on the Money, the podcast for millennials who want financial freedom. 4 00:00:25,200 --> 00:00:27,639 Speaker 2: This week's episode is brought to you by Shopback. Be 5 00:00:27,720 --> 00:00:29,760 Speaker 2: smart with your ownline shopping and get up to thirty 6 00:00:29,760 --> 00:00:32,240 Speaker 2: percent of your purchase back as real money. My name 7 00:00:32,320 --> 00:00:35,279 Speaker 2: is Georgia King. I'm a writer and TV production assistant, 8 00:00:35,280 --> 00:00:37,239 Speaker 2: and I'm someone who just really wants to lift my 9 00:00:37,280 --> 00:00:39,599 Speaker 2: game when it comes to all things money. To do that, 10 00:00:39,720 --> 00:00:42,720 Speaker 2: we put our friend and money expert, Victoria Devine back 11 00:00:42,720 --> 00:00:44,440 Speaker 2: in the hot seat to help us clean up the 12 00:00:44,479 --> 00:00:48,239 Speaker 2: money side of our lives. Think of Victoria as your wiser, 13 00:00:48,400 --> 00:00:51,360 Speaker 2: older sister. She might drop some truths when we aren't 14 00:00:51,400 --> 00:00:53,599 Speaker 2: quite ready to hear them, but she's always got our 15 00:00:53,640 --> 00:00:56,040 Speaker 2: best interests at heart, and we're all going to be 16 00:00:56,200 --> 00:00:58,320 Speaker 2: in better money positions because of it. She's on the 17 00:00:58,320 --> 00:01:00,720 Speaker 2: Money is a no judgment zone. We're not here to 18 00:01:00,720 --> 00:01:03,080 Speaker 2: make you feel bad or like you're behind. We're here 19 00:01:03,080 --> 00:01:05,120 Speaker 2: to make you feel included, like money is something you 20 00:01:05,160 --> 00:01:08,520 Speaker 2: should be talking about, from saving to spending to why 21 00:01:08,560 --> 00:01:12,319 Speaker 2: the hell investing is absolutely essential for everyone. We're here 22 00:01:12,360 --> 00:01:14,880 Speaker 2: for you. We've got your back. We're going to support you, 23 00:01:15,040 --> 00:01:17,880 Speaker 2: uplift you, and educate you because you're not in this alone. 24 00:01:17,959 --> 00:01:20,280 Speaker 2: Every week we'll be sharing tips and tricks so you 25 00:01:20,319 --> 00:01:22,720 Speaker 2: can be better at money. We've got an incredible Facebook 26 00:01:22,720 --> 00:01:25,119 Speaker 2: community where you can share your money wins and confessions, 27 00:01:25,360 --> 00:01:28,120 Speaker 2: plus an Instagram page that'll help keep you motivated or 28 00:01:28,120 --> 00:01:29,880 Speaker 2: at the very least make you giggle over a few 29 00:01:29,959 --> 00:01:32,759 Speaker 2: cheeky money memes. And we've got a newsletter that'll keep 30 00:01:32,800 --> 00:01:34,760 Speaker 2: you across all you need to know. But for now, 31 00:01:34,920 --> 00:01:37,280 Speaker 2: let's jump into the much awaited second season of the 32 00:01:37,319 --> 00:01:41,640 Speaker 2: show Get a Victoria. Hello, Welcome to season two, mate. 33 00:01:41,640 --> 00:01:43,000 Speaker 3: So excited to be here. 34 00:01:43,840 --> 00:01:47,440 Speaker 2: As always, it's time to chat money wins, money confessions. 35 00:01:47,480 --> 00:01:48,320 Speaker 2: How'd you go this week? 36 00:01:48,400 --> 00:01:48,960 Speaker 4: Victoria? 37 00:01:49,080 --> 00:01:52,600 Speaker 3: So, I actually have a money confession for you girls. Sorry, 38 00:01:52,920 --> 00:01:55,080 Speaker 3: not that naughty though. I think it's something that a 39 00:01:55,120 --> 00:01:56,880 Speaker 3: lot of people might have been doing. Over the last 40 00:01:56,880 --> 00:01:59,720 Speaker 3: couple of weeks. We've had a lot of time off, 41 00:02:00,200 --> 00:02:03,040 Speaker 3: which means I've had a lot of time to socialize, 42 00:02:03,400 --> 00:02:05,400 Speaker 3: and I've been going out a fair bit more than 43 00:02:05,440 --> 00:02:08,560 Speaker 3: I used to, so more brunches and lunches and casual 44 00:02:08,560 --> 00:02:11,160 Speaker 3: coffees with friends before we all go back to work, 45 00:02:11,400 --> 00:02:14,120 Speaker 3: which I have enjoyed to the n's degree. Yes, but 46 00:02:14,840 --> 00:02:17,399 Speaker 3: it definitely wasn't in the budget. And I know I've 47 00:02:17,400 --> 00:02:20,760 Speaker 3: probably spent a bit more than I probably should have. 48 00:02:20,880 --> 00:02:22,600 Speaker 2: Yeah, I think we all kind of do that in summer, 49 00:02:22,639 --> 00:02:24,040 Speaker 2: don't we, especially in Melbourne. 50 00:02:24,120 --> 00:02:25,640 Speaker 3: Yeah, and maybe I could have been a little bit 51 00:02:25,639 --> 00:02:28,600 Speaker 3: more conservative with it, but I definitely enjoyed it, so 52 00:02:28,760 --> 00:02:30,799 Speaker 3: maybe it's a money win. At the same time, it's 53 00:02:30,840 --> 00:02:33,160 Speaker 3: a little bit of a budget splurg. 54 00:02:33,560 --> 00:02:36,519 Speaker 2: Absolutely, what have you got for me? Well, mine is 55 00:02:36,520 --> 00:02:39,040 Speaker 2: a money win. I mean it was still kind of expensive. 56 00:02:39,280 --> 00:02:42,880 Speaker 2: But recently I went to a music festival, Oh fancy, 57 00:02:43,000 --> 00:02:44,920 Speaker 2: thank you. In the lead up, I wasn't sure I 58 00:02:44,960 --> 00:02:46,120 Speaker 2: was on the fence if I was going to go 59 00:02:46,200 --> 00:02:48,400 Speaker 2: or not, because these tickets to music festivals, as I'm 60 00:02:48,440 --> 00:02:51,519 Speaker 2: sure every way, price this one was like four hundred dollars, 61 00:02:51,560 --> 00:02:54,480 Speaker 2: Oh my gosh. And you know, it's an amazing weekend, 62 00:02:54,480 --> 00:02:56,359 Speaker 2: but it's a lot of money to fork out. Plus 63 00:02:56,400 --> 00:02:59,760 Speaker 2: you're spending money on outfits, booze, food, all that jazz. Anyway, 64 00:03:00,160 --> 00:03:02,000 Speaker 2: negotiating with a girl on a ticket price the day 65 00:03:02,040 --> 00:03:05,639 Speaker 2: before the festival and my brother messages me, I've got 66 00:03:05,639 --> 00:03:07,799 Speaker 2: a free ticket for you, George. Are you interested? 67 00:03:08,040 --> 00:03:09,120 Speaker 3: Yeah, I'm interested. 68 00:03:09,200 --> 00:03:11,720 Speaker 2: Took that on board, saved four hundred dollars. It's some 69 00:03:11,800 --> 00:03:12,680 Speaker 2: money win, Victoria. 70 00:03:12,760 --> 00:03:15,120 Speaker 3: That's paid. Are your money win? That covers both of us? 71 00:03:15,240 --> 00:03:16,120 Speaker 4: Thank you? Yeah? 72 00:03:16,480 --> 00:03:18,359 Speaker 3: Yeah, like I'm going to claim some of that. It 73 00:03:18,480 --> 00:03:19,560 Speaker 3: wasn't at the festival. 74 00:03:19,840 --> 00:03:20,560 Speaker 1: It was a great time. 75 00:03:20,680 --> 00:03:20,880 Speaker 2: Yep. 76 00:03:20,960 --> 00:03:23,760 Speaker 3: I probably wouldn't look like I fit in at the festival, 77 00:03:24,160 --> 00:03:26,320 Speaker 3: but I'm going to claim that money in to make 78 00:03:26,360 --> 00:03:28,359 Speaker 3: me feel a little bit better about my money commssion. 79 00:03:28,440 --> 00:03:31,760 Speaker 2: Thanks girl. So Victoria, it has been a great week 80 00:03:31,800 --> 00:03:33,440 Speaker 2: for so many of the Shes on the Money and 81 00:03:33,440 --> 00:03:36,160 Speaker 2: community members. I've seen money win after win in our 82 00:03:36,160 --> 00:03:39,640 Speaker 2: Facebook group and I am continuously impressed, proud, motivated all 83 00:03:39,680 --> 00:03:41,720 Speaker 2: of the things. So as always, let's share our favorites 84 00:03:41,760 --> 00:03:43,320 Speaker 2: from the week. What stood out to you? 85 00:03:43,360 --> 00:03:44,400 Speaker 3: Do I get to go first? 86 00:03:44,480 --> 00:03:45,800 Speaker 2: You can go first winning? 87 00:03:45,920 --> 00:03:46,280 Speaker 5: All right? 88 00:03:46,440 --> 00:03:50,160 Speaker 3: So I have one from Jessica, and she sent through 89 00:03:50,200 --> 00:03:52,880 Speaker 3: a post recently that said, growing up, I didn't have 90 00:03:52,920 --> 00:03:56,200 Speaker 3: the opportunity to have these conversations with my parents. I'm 91 00:03:56,240 --> 00:04:00,160 Speaker 3: assuming she's referencing money conversations here. It wasn't something that 92 00:04:00,200 --> 00:04:02,680 Speaker 3: was really spoken about, and then Jessica went on to 93 00:04:02,680 --> 00:04:05,200 Speaker 3: say that more recently she started thinking about her money 94 00:04:05,240 --> 00:04:08,000 Speaker 3: story and has been feeling really empowered in regards to 95 00:04:08,080 --> 00:04:11,120 Speaker 3: her money choices and said she feels so much more 96 00:04:11,160 --> 00:04:13,640 Speaker 3: in control. She said that it's a beautiful thing and 97 00:04:13,680 --> 00:04:16,440 Speaker 3: that she now feels interested in watching her money work 98 00:04:16,480 --> 00:04:20,000 Speaker 3: for her rather than her feeling like a slave to it. Congrats, 99 00:04:20,880 --> 00:04:23,880 Speaker 3: that's amazing. Absolutely, that's what I want for everybody in 100 00:04:23,920 --> 00:04:26,000 Speaker 3: our community. I feel like there's been so many other 101 00:04:26,080 --> 00:04:28,880 Speaker 3: money wins this week, though, what have you got for us? 102 00:04:28,920 --> 00:04:32,240 Speaker 2: So my money win is from Thomas Cina, who wrote. 103 00:04:32,360 --> 00:04:34,359 Speaker 2: My partner and I needed to buy an appliance, so 104 00:04:34,400 --> 00:04:36,359 Speaker 2: we had to look around the shops. We found the 105 00:04:36,360 --> 00:04:38,440 Speaker 2: one we loved, looked it up online, found it on 106 00:04:38,520 --> 00:04:41,320 Speaker 2: Catch of the day for thirty dollars cheaper, then used 107 00:04:41,320 --> 00:04:44,480 Speaker 2: shop back for five percent cash back, and signed up 108 00:04:44,600 --> 00:04:48,679 Speaker 2: for free shipping. So they've saved heaps there. That's so savvy. 109 00:04:48,720 --> 00:04:51,800 Speaker 3: I wish I spent more time researching my purchases. I 110 00:04:51,800 --> 00:04:55,240 Speaker 3: could have got thirty dollars off plus five percent cash backs. 111 00:04:54,920 --> 00:04:55,560 Speaker 2: Free shipping. 112 00:04:56,200 --> 00:04:56,680 Speaker 3: Money win. 113 00:04:57,520 --> 00:05:00,000 Speaker 2: So now that's out of the way, Victoria, let's jump 114 00:05:00,160 --> 00:05:03,440 Speaker 2: into today's show. Today's show is really, I guess about 115 00:05:03,520 --> 00:05:06,240 Speaker 2: using the new year as a new opportunity to redefine 116 00:05:06,279 --> 00:05:09,120 Speaker 2: our relationship with money. We already know that one of 117 00:05:09,160 --> 00:05:11,160 Speaker 2: the most important things we can do to improve our 118 00:05:11,200 --> 00:05:14,960 Speaker 2: financial situation is to identify our existing relationship with money 119 00:05:15,080 --> 00:05:17,640 Speaker 2: and how it makes us think, feel, and behave. But 120 00:05:17,960 --> 00:05:22,880 Speaker 2: what next? What comes after identifying what our money story is? Victoria, 121 00:05:22,920 --> 00:05:25,120 Speaker 2: can you please give us a quick little refresh about 122 00:05:25,120 --> 00:05:27,880 Speaker 2: what a money story is and why it's so very important. 123 00:05:27,960 --> 00:05:30,559 Speaker 3: So I won't harp on about this too much because 124 00:05:30,560 --> 00:05:33,800 Speaker 3: we actually did a whole podcast on what money stories were. 125 00:05:34,440 --> 00:05:37,320 Speaker 3: But a money story is all of the conscious and 126 00:05:37,480 --> 00:05:40,400 Speaker 3: unconscious beliefs and values that you have about money, So 127 00:05:40,440 --> 00:05:43,520 Speaker 3: how it makes you feel and think and behave It 128 00:05:43,560 --> 00:05:45,760 Speaker 3: can tell you a lot about yourself, and it can 129 00:05:45,839 --> 00:05:49,640 Speaker 3: guide what you believe is actually possible. So more often 130 00:05:49,640 --> 00:05:52,640 Speaker 3: than not, our money stories are negative and they often 131 00:05:52,680 --> 00:05:55,240 Speaker 3: get used as an excuse for not taking our financial 132 00:05:55,279 --> 00:05:59,320 Speaker 3: health seriously, which often means that we're consistently stressed when 133 00:05:59,320 --> 00:06:02,000 Speaker 3: thinking about money and we don't actually end up taking 134 00:06:02,000 --> 00:06:05,120 Speaker 3: control of our situations. So we actually all know what 135 00:06:05,160 --> 00:06:07,480 Speaker 3: we should be doing. Don't spend money on the things 136 00:06:07,520 --> 00:06:10,960 Speaker 3: that you don't need, and don't charge up your credit card. 137 00:06:11,240 --> 00:06:13,720 Speaker 3: We're all told eat meat and vegetables for dinner, not 138 00:06:13,839 --> 00:06:17,040 Speaker 3: chocolate cake. But that doesn't always mean we do the 139 00:06:17,120 --> 00:06:19,080 Speaker 3: right thing, though, does it, George. 140 00:06:18,800 --> 00:06:21,680 Speaker 2: No, it doesn't. Chocolate cake for dinner's always always. 141 00:06:21,800 --> 00:06:23,719 Speaker 3: Ten out of ten. I've actually really got it cereal 142 00:06:23,720 --> 00:06:26,839 Speaker 3: for dinner as well. So sometimes we do manage to 143 00:06:26,839 --> 00:06:29,039 Speaker 3: stay on track and we don't overspend on our credit 144 00:06:29,080 --> 00:06:32,719 Speaker 3: cards or eat cake for dinner, But then something happens 145 00:06:32,760 --> 00:06:35,080 Speaker 3: and we might not even realize that there's a correlation 146 00:06:35,240 --> 00:06:38,000 Speaker 3: between how we spend our money and how we feel. 147 00:06:38,160 --> 00:06:40,560 Speaker 3: So for me, it's incredibly important to get on top 148 00:06:40,600 --> 00:06:43,400 Speaker 3: of our money stories, to not only understand them, but 149 00:06:43,640 --> 00:06:45,680 Speaker 3: to be able to rewrite them. If we're in a 150 00:06:45,720 --> 00:06:48,720 Speaker 3: situation where we want things to change, and what about 151 00:06:48,720 --> 00:06:50,440 Speaker 3: a time to do that? Then the start of a. 152 00:06:50,480 --> 00:06:52,920 Speaker 2: Year, Victoria, have you seen a trend of people wanting 153 00:06:52,920 --> 00:06:54,120 Speaker 2: to change their money stories? 154 00:06:54,279 --> 00:06:56,880 Speaker 3: Yes, absolutely so. I think we have a really special 155 00:06:56,880 --> 00:06:58,960 Speaker 3: space in Cheese on the Money where people can actually 156 00:06:59,040 --> 00:07:02,080 Speaker 3: talk about these things, and it's often not until someone 157 00:07:02,240 --> 00:07:04,840 Speaker 3: asks you what your money story is, that you think 158 00:07:05,040 --> 00:07:07,280 Speaker 3: that it's a thing, that you think it's something that 159 00:07:07,440 --> 00:07:11,040 Speaker 3: needs changing or even needs consideration. So over the last 160 00:07:11,080 --> 00:07:13,600 Speaker 3: twelve months in the She's on the Money community, and 161 00:07:13,640 --> 00:07:15,520 Speaker 3: I think more widely, I'm starting to see lots of 162 00:07:15,640 --> 00:07:19,920 Speaker 3: articles about money stories and your family financial history popping up, 163 00:07:20,080 --> 00:07:22,560 Speaker 3: and I think it's really important to start having these 164 00:07:22,600 --> 00:07:25,600 Speaker 3: conversations that we always should have been having. So we're 165 00:07:25,640 --> 00:07:27,720 Speaker 3: in this position where people are now just becoming more 166 00:07:27,760 --> 00:07:30,559 Speaker 3: aware and more educated on the fact that a money 167 00:07:30,560 --> 00:07:33,720 Speaker 3: story exists, and they're going, Wow, that actually does impact me, 168 00:07:33,960 --> 00:07:36,360 Speaker 3: or Wow, my dad never wanted to have credit cards, 169 00:07:36,400 --> 00:07:38,960 Speaker 3: therefore I don't want to have credit cards, Or hey, 170 00:07:39,080 --> 00:07:42,000 Speaker 3: my spending looks like spending lots on a credit card, 171 00:07:42,480 --> 00:07:45,280 Speaker 3: Therefore where does that come from? So you're getting people 172 00:07:45,320 --> 00:07:47,440 Speaker 3: to be a little bit more reflective, but it's not 173 00:07:47,560 --> 00:07:50,360 Speaker 3: until they're prompted that that needs reflection on that we're 174 00:07:50,360 --> 00:07:52,720 Speaker 3: now starting to have these conversations. So I think it's 175 00:07:52,760 --> 00:07:55,320 Speaker 3: a really good time to be talking about changing that. 176 00:07:55,600 --> 00:07:57,560 Speaker 3: But I also want to acknowledge that we've had so 177 00:07:57,720 --> 00:08:01,600 Speaker 3: many people recently changing money stories for the better. There 178 00:08:01,640 --> 00:08:04,160 Speaker 3: are so many great news stories at the moment of 179 00:08:04,200 --> 00:08:07,000 Speaker 3: people changing their money story for the better getting out 180 00:08:07,000 --> 00:08:09,480 Speaker 3: of massive amounts of debt. And I'm so excited to 181 00:08:09,520 --> 00:08:11,960 Speaker 3: bring some of these stories to the Money Diaries section 182 00:08:12,120 --> 00:08:15,480 Speaker 3: of our podcast over the next few weeks, so keep 183 00:08:15,520 --> 00:08:18,320 Speaker 3: an eye out. But I think it's really great that 184 00:08:18,360 --> 00:08:20,760 Speaker 3: there are so many people taking charge of their finances 185 00:08:20,760 --> 00:08:24,960 Speaker 3: by transforming their mindset, eliminating their poor habits, and identifying 186 00:08:25,000 --> 00:08:27,440 Speaker 3: their long term goals and actually working out ways to 187 00:08:27,480 --> 00:08:31,320 Speaker 3: achieve them. So changing money stories is not just about 188 00:08:31,400 --> 00:08:33,120 Speaker 3: going all right, well this is what I want my 189 00:08:33,200 --> 00:08:36,320 Speaker 3: life to look like. It's actually about saying, well, this 190 00:08:36,480 --> 00:08:39,360 Speaker 3: is actually achievable for me, and these are things that 191 00:08:39,440 --> 00:08:41,800 Speaker 3: I can actually do to be stepping in the right 192 00:08:41,840 --> 00:08:44,600 Speaker 3: direction instead of staying still. Because I think often a 193 00:08:44,600 --> 00:08:47,320 Speaker 3: lot of people get a little bit of analysis paralysis, 194 00:08:47,600 --> 00:08:50,120 Speaker 3: whether are too many options or too many things to consider. 195 00:08:50,200 --> 00:08:52,640 Speaker 3: It gets overwhelming, so we don't actually move forward. 196 00:08:52,840 --> 00:08:55,400 Speaker 2: So can I ask you, Victoria, about how we go 197 00:08:55,480 --> 00:08:58,160 Speaker 2: about rewriting our money stories, Like do we sit down 198 00:08:58,520 --> 00:09:01,080 Speaker 2: pen and paper and to find our story and what 199 00:09:01,120 --> 00:09:03,320 Speaker 2: we don't like about it or what we did wrong 200 00:09:03,480 --> 00:09:05,480 Speaker 2: in twenty nineteen that we'd like to change for the 201 00:09:05,480 --> 00:09:08,240 Speaker 2: next year, or do we need to see a financial advisor? Like, 202 00:09:08,480 --> 00:09:12,160 Speaker 2: how do we actually reshape and redefine our money stories? 203 00:09:12,280 --> 00:09:14,680 Speaker 3: So money stories actually start with you, so you don't 204 00:09:14,679 --> 00:09:17,720 Speaker 3: need professional help to go and work out what your 205 00:09:17,760 --> 00:09:21,280 Speaker 3: money story is. It's the thing that shapes our financial reality, 206 00:09:21,320 --> 00:09:23,600 Speaker 3: but it's also the one thing we have complete control 207 00:09:23,679 --> 00:09:26,920 Speaker 3: over because of this awareness is the key, So you 208 00:09:27,160 --> 00:09:29,960 Speaker 3: understanding it and being open to change is the most 209 00:09:30,000 --> 00:09:33,040 Speaker 3: important part here. So it's not about saying they're right 210 00:09:33,080 --> 00:09:35,480 Speaker 3: and wrong. I don't believe that there is anything that 211 00:09:35,520 --> 00:09:38,319 Speaker 3: we've ever done badly. We're all on a different journey. 212 00:09:38,360 --> 00:09:40,559 Speaker 3: We're all on a different path. We might have had 213 00:09:40,600 --> 00:09:43,920 Speaker 3: some missteps and misfortunate things happen to us, but we 214 00:09:44,000 --> 00:09:47,240 Speaker 3: all have the same power to change our financial situation 215 00:09:47,320 --> 00:09:50,000 Speaker 3: as the next person. I think it's also really important 216 00:09:50,000 --> 00:09:53,000 Speaker 3: to realize that our money story can't be compared to 217 00:09:53,040 --> 00:09:56,240 Speaker 3: our friends or other people's even your siblings who might 218 00:09:56,280 --> 00:09:58,120 Speaker 3: have been brought up in exactly the same way. Do 219 00:09:58,200 --> 00:10:00,760 Speaker 3: you have a completely different experience. It's of the same 220 00:10:00,920 --> 00:10:04,600 Speaker 3: situations that you had. So being in a position where 221 00:10:04,640 --> 00:10:07,439 Speaker 3: you are thinking about your money story but not comparing 222 00:10:07,440 --> 00:10:09,679 Speaker 3: it to the money stories of others is really important 223 00:10:09,720 --> 00:10:12,160 Speaker 3: when we sit down here, because more often than not, 224 00:10:12,280 --> 00:10:14,560 Speaker 3: the person that will be the harshest on you is 225 00:10:14,600 --> 00:10:16,679 Speaker 3: actually you. So I think we also need to look 226 00:10:16,679 --> 00:10:18,760 Speaker 3: at our money stories and be a little bit kinder 227 00:10:18,800 --> 00:10:21,640 Speaker 3: to ourselves and say, I'm actually on the right path. 228 00:10:21,720 --> 00:10:24,960 Speaker 3: I'm actually moving forward, and these are the steps I'm making. 229 00:10:25,040 --> 00:10:26,960 Speaker 3: They might not be the same steps as other people, 230 00:10:27,200 --> 00:10:29,400 Speaker 3: but they are the steps that are in the right direction. 231 00:10:29,640 --> 00:10:32,319 Speaker 2: So how do we understand where our story actually comes from? 232 00:10:32,480 --> 00:10:35,839 Speaker 3: So, given most of our spending and saving habits have 233 00:10:35,920 --> 00:10:38,440 Speaker 3: come from our parents or the family that surrounded us, 234 00:10:38,720 --> 00:10:41,040 Speaker 3: I think it's important to sit down and have a 235 00:10:41,160 --> 00:10:44,520 Speaker 3: think about how they managed money. What's your earliest memory 236 00:10:44,559 --> 00:10:47,280 Speaker 3: of money? How was it talked about in your family? 237 00:10:47,760 --> 00:10:50,439 Speaker 3: Were you in a family where your parents didn't talk 238 00:10:50,480 --> 00:10:52,880 Speaker 3: about money in front of the children, or were you're 239 00:10:52,880 --> 00:10:54,800 Speaker 3: in a family where your parents gave you pocket money 240 00:10:54,840 --> 00:10:57,920 Speaker 3: and taught you how to spend. So just understanding what 241 00:10:57,960 --> 00:11:01,000 Speaker 3: that actually look like and drawing in on your own 242 00:11:01,040 --> 00:11:04,079 Speaker 3: life and your own experiences to work out how your 243 00:11:04,080 --> 00:11:07,520 Speaker 3: money story has been shaped is really important. So this 244 00:11:07,559 --> 00:11:10,800 Speaker 3: is again just about awareness. So how do we unhook 245 00:11:10,840 --> 00:11:13,520 Speaker 3: ourselves from the money habits that don't serve us and 246 00:11:13,600 --> 00:11:15,199 Speaker 3: pick up money habits that will. 247 00:11:15,320 --> 00:11:18,880 Speaker 2: So Victoria, our story doesn't have to define us moving forward, right. 248 00:11:18,960 --> 00:11:22,120 Speaker 3: No, it absolutely doesn't. And I think another important point 249 00:11:22,200 --> 00:11:25,720 Speaker 3: to make here is we need to also ensure that 250 00:11:25,760 --> 00:11:29,280 Speaker 3: we're disassociating our self worth from our net worth. If 251 00:11:29,280 --> 00:11:33,319 Speaker 3: you're someone who is equating your self worth with financial security, 252 00:11:33,360 --> 00:11:36,920 Speaker 3: that's actually quite unhealthy. So whilst we are all in 253 00:11:36,920 --> 00:11:40,480 Speaker 3: this together and we are all striving towards financial freedom, 254 00:11:40,880 --> 00:11:44,080 Speaker 3: you can often feel really overwhelmed. And when you're buried 255 00:11:44,160 --> 00:11:46,320 Speaker 3: up to your neck in debt and you don't feel 256 00:11:46,360 --> 00:11:48,560 Speaker 3: like you can get ahead, you feel hopeless and a 257 00:11:48,559 --> 00:11:51,720 Speaker 3: little bit stuck. The thing that will keep you from 258 00:11:51,800 --> 00:11:54,480 Speaker 3: taking action is your situation. That's the thing you're going 259 00:11:54,520 --> 00:11:57,000 Speaker 3: to blame for not being able to move forward. And 260 00:11:57,040 --> 00:11:58,640 Speaker 3: I think we need to look at it and say, 261 00:11:58,920 --> 00:12:00,920 Speaker 3: debt does not mean you're a bad person. Being a 262 00:12:00,960 --> 00:12:03,120 Speaker 3: little bit behind does not mean you're a bad person, 263 00:12:03,480 --> 00:12:05,920 Speaker 3: and not having the same money story as the person 264 00:12:05,960 --> 00:12:10,160 Speaker 3: sitting next to you doesn't actually define you. Is really important, 265 00:12:10,360 --> 00:12:12,559 Speaker 3: and once you're able to free yourself from the negative 266 00:12:12,600 --> 00:12:15,800 Speaker 3: emotions that are associated with having debt or you know, 267 00:12:15,880 --> 00:12:18,800 Speaker 3: poor money habits. You can actually open yourself up to change. 268 00:12:19,000 --> 00:12:21,520 Speaker 3: But that's a choice. Change is a choice. 269 00:12:21,720 --> 00:12:24,800 Speaker 2: So would you say, Victoria, that if change is a choice, 270 00:12:24,800 --> 00:12:27,079 Speaker 2: that I can just I can just choose to change 271 00:12:27,120 --> 00:12:30,319 Speaker 2: my money story. Like, is it that easy? Just faking 272 00:12:30,360 --> 00:12:32,520 Speaker 2: it till you make it? Like? How does it actually work? 273 00:12:33,200 --> 00:12:36,040 Speaker 3: So it's obviously not as easy as that I wish 274 00:12:36,120 --> 00:12:39,760 Speaker 3: it was. But because people act on the things that 275 00:12:39,800 --> 00:12:42,880 Speaker 3: they really believe in, it's important to identify those things 276 00:12:42,880 --> 00:12:45,160 Speaker 3: that we believe in. It's important to start doing the 277 00:12:45,200 --> 00:12:48,600 Speaker 3: things that actually align with your ideal money story. If 278 00:12:48,640 --> 00:12:51,520 Speaker 3: the thing that is making you feel bad about, you know, 279 00:12:51,600 --> 00:12:54,199 Speaker 3: your money story and your future wealth is spending too 280 00:12:54,240 --> 00:12:56,800 Speaker 3: much on the weekends, that could be a small step 281 00:12:56,840 --> 00:13:00,480 Speaker 3: towards a bigger picture. I'm not expecting anybody to go, 282 00:13:00,559 --> 00:13:03,559 Speaker 3: all right, well, I need to change my money story immediately, 283 00:13:04,280 --> 00:13:06,920 Speaker 3: and they pick up a new budget and absolutely rewrite 284 00:13:06,920 --> 00:13:08,120 Speaker 3: every aspect of their life. 285 00:13:08,200 --> 00:13:08,480 Speaker 2: Yeah. 286 00:13:08,480 --> 00:13:10,760 Speaker 3: I think that there are so many good things about people. 287 00:13:11,360 --> 00:13:14,360 Speaker 3: The thing with money stories that you don't like is 288 00:13:14,400 --> 00:13:17,000 Speaker 3: that we are spending more than we're earning, and we 289 00:13:17,120 --> 00:13:20,760 Speaker 3: just need to change that. So there's nothing negative or 290 00:13:20,760 --> 00:13:23,640 Speaker 3: positive about that. It's a simple fact that you are 291 00:13:23,640 --> 00:13:25,920 Speaker 3: spending more than you are earning, and we just need 292 00:13:25,960 --> 00:13:28,640 Speaker 3: to change that so that you are more financially secure 293 00:13:28,679 --> 00:13:31,560 Speaker 3: for the long term. You are not a bad person 294 00:13:31,679 --> 00:13:34,640 Speaker 3: or a worse off person for those choices. It just 295 00:13:34,720 --> 00:13:37,439 Speaker 3: means you hadn't changed things yet and now you are. 296 00:13:37,920 --> 00:13:41,280 Speaker 3: So being able to align to the things that are 297 00:13:41,280 --> 00:13:44,360 Speaker 3: most important to you will actually prove that your old 298 00:13:44,400 --> 00:13:47,240 Speaker 3: story wasn't your truth, and it shows you that you're 299 00:13:47,280 --> 00:13:50,199 Speaker 3: in control of your future. And if we start small, 300 00:13:50,480 --> 00:13:53,160 Speaker 3: it's kind of like positive recognition along the way. We 301 00:13:53,200 --> 00:13:55,240 Speaker 3: can start small and see that we can achieve these 302 00:13:55,280 --> 00:13:57,560 Speaker 3: small things, we're more likely to bite off a little 303 00:13:57,559 --> 00:13:59,800 Speaker 3: bit more each time. I think it's important to not 304 00:13:59,800 --> 00:14:02,640 Speaker 3: be off everything all at once and think that we 305 00:14:02,760 --> 00:14:05,720 Speaker 3: can do it and actually change. It's important to recognize 306 00:14:05,720 --> 00:14:08,520 Speaker 3: that your current money situation only exists because of the 307 00:14:08,600 --> 00:14:11,240 Speaker 3: choices you've made, and it means you can actually make 308 00:14:11,360 --> 00:14:13,800 Speaker 3: new ones and create a new money story based on 309 00:14:13,840 --> 00:14:16,600 Speaker 3: the choices you want to make moving forward. So as 310 00:14:16,640 --> 00:14:19,240 Speaker 3: much as that sounds quite simple, it can be really 311 00:14:19,280 --> 00:14:21,840 Speaker 3: complex for a lot of people. And I also need 312 00:14:21,880 --> 00:14:23,760 Speaker 3: to recognize there are a lot of people who are 313 00:14:23,880 --> 00:14:27,120 Speaker 3: in sticky situations that they can't change immediately. But this 314 00:14:27,240 --> 00:14:29,720 Speaker 3: is also a lot about mindset and making the best 315 00:14:29,800 --> 00:14:32,240 Speaker 3: of a situation and saying, all right, well what have 316 00:14:32,320 --> 00:14:33,840 Speaker 3: I got and how do I deal with it? How 317 00:14:33,840 --> 00:14:36,160 Speaker 3: can I make this work best for me? Or how 318 00:14:36,160 --> 00:14:38,360 Speaker 3: can I change this a little bit so I feel 319 00:14:38,400 --> 00:14:40,240 Speaker 3: more empowered instead of overwhelmed. 320 00:14:40,760 --> 00:14:42,880 Speaker 2: Now that it's a new year, it is the perfect 321 00:14:42,920 --> 00:14:45,480 Speaker 2: reason to buckle down on your finances and ensure you're 322 00:14:45,520 --> 00:14:47,960 Speaker 2: making the most of your hard earned money. If you're 323 00:14:48,000 --> 00:14:50,880 Speaker 2: looking to book travel, by your weekly groceries, or update 324 00:14:50,880 --> 00:14:53,880 Speaker 2: your wardrobe, essentially any online shopping, you need to be 325 00:14:53,960 --> 00:14:54,960 Speaker 2: doing it through Shotback. 326 00:14:55,280 --> 00:14:57,560 Speaker 3: If you haven't heard of shopback before, it's essentially a 327 00:14:57,560 --> 00:14:59,880 Speaker 3: website or app you shop through to get up to 328 00:15:00,120 --> 00:15:03,720 Speaker 3: thirty percent cash back on your purchases. That's online purchases 329 00:15:03,760 --> 00:15:08,200 Speaker 3: from over nine hundred brands, including the iconic Booking dot Com, Maya, 330 00:15:08,400 --> 00:15:09,200 Speaker 3: and Delivery. 331 00:15:09,400 --> 00:15:11,640 Speaker 2: If you're wondering how shot Back can give you free 332 00:15:11,680 --> 00:15:14,400 Speaker 2: money on your online shopping, it's because the brands pay 333 00:15:14,480 --> 00:15:17,040 Speaker 2: shop Back a commission when customers shop through their website 334 00:15:17,080 --> 00:15:19,480 Speaker 2: and app, and then shop Back shares this commission with 335 00:15:19,520 --> 00:15:20,280 Speaker 2: their customers. 336 00:15:20,320 --> 00:15:23,360 Speaker 3: And I've got an exclusive ten dollar welcome bonus just 337 00:15:23,440 --> 00:15:26,320 Speaker 3: for She's on the Money listeners. Head to shopback dot 338 00:15:26,360 --> 00:15:30,320 Speaker 3: com dot au, forward slash soo TM. It's free to 339 00:15:30,360 --> 00:15:32,480 Speaker 3: sign up and I'll make sure these details are in 340 00:15:32,520 --> 00:15:34,040 Speaker 3: our show notes for you guys. 341 00:15:33,840 --> 00:15:46,480 Speaker 2: Too, Happy savings cuts. Hi, there, you've reached the shes 342 00:15:46,520 --> 00:15:48,720 Speaker 2: on the Money mailbox. Do you have a money problem 343 00:15:48,720 --> 00:15:51,040 Speaker 2: you want help solving. Do you have a money dilemma 344 00:15:51,120 --> 00:15:53,880 Speaker 2: you just want to chat about. Victoria is here to help. 345 00:15:54,240 --> 00:15:56,600 Speaker 2: Every week, we'll be playing your questions to help make 346 00:15:56,680 --> 00:15:58,800 Speaker 2: sense of a money mess you may have found yourself in. 347 00:15:59,280 --> 00:16:01,320 Speaker 2: Make a quick recording on your phone and send it 348 00:16:01,360 --> 00:16:04,360 Speaker 2: through to podcasts at cheesodthmoney dot com dou and you 349 00:16:04,440 --> 00:16:06,880 Speaker 2: might find yourself on the show. But for now, here's 350 00:16:06,920 --> 00:16:07,600 Speaker 2: today's question. 351 00:16:08,960 --> 00:16:11,720 Speaker 4: Hey guys, I've got about five thousand dollars left on 352 00:16:11,800 --> 00:16:14,680 Speaker 4: a personal loan. I'm not being working really hard to 353 00:16:14,680 --> 00:16:16,760 Speaker 4: get it down. I just seem to be getting nowhere. 354 00:16:17,280 --> 00:16:19,600 Speaker 4: In reality, I know that I have paid a large 355 00:16:19,680 --> 00:16:21,720 Speaker 4: chunk off the loan because it did start out at 356 00:16:21,720 --> 00:16:25,440 Speaker 4: twenty thousand dollars, but recently I haven't really paid anything 357 00:16:25,480 --> 00:16:28,080 Speaker 4: off it. I've never really been good with my money, 358 00:16:28,160 --> 00:16:30,120 Speaker 4: and when I have it in my account, I just 359 00:16:30,160 --> 00:16:32,200 Speaker 4: feel like it's burning a hole in my pocket and 360 00:16:32,280 --> 00:16:34,640 Speaker 4: I just want to spend it. I've set my goal 361 00:16:34,720 --> 00:16:36,840 Speaker 4: to twenty twenty, worked out my budget, but it just 362 00:16:36,840 --> 00:16:38,760 Speaker 4: doesn't seem to help, because when I'm in the moment, 363 00:16:39,200 --> 00:16:41,600 Speaker 4: they all just go out of the window. Each month, 364 00:16:41,640 --> 00:16:43,720 Speaker 4: I have big plans to save my money, but I'm 365 00:16:43,760 --> 00:16:46,280 Speaker 4: just not getting anywhere. As soon as I make one 366 00:16:46,360 --> 00:16:49,640 Speaker 4: bad spending decision for my pay cycle, it seems that 367 00:16:49,720 --> 00:16:51,840 Speaker 4: the whole fortnight is a write off, and I just 368 00:16:51,920 --> 00:16:55,000 Speaker 4: keep spending everything that I have. I just honestly don't 369 00:16:55,040 --> 00:16:57,120 Speaker 4: know how to fix this. I do want my money 370 00:16:57,120 --> 00:16:59,120 Speaker 4: story to change. I just don't know how to make 371 00:16:59,160 --> 00:17:02,200 Speaker 4: this happen. I want twenty twenty three an amazing year 372 00:17:02,240 --> 00:17:06,320 Speaker 4: for me financially, but right now just feel so unachievable. 373 00:17:06,760 --> 00:17:08,879 Speaker 4: I know this really isn't a specific question, but is 374 00:17:08,920 --> 00:17:10,240 Speaker 4: there something that you can help me out with? 375 00:17:10,720 --> 00:17:15,200 Speaker 2: Thanks God, Ah, that's a hard one, Victoria. Yeah, she's 376 00:17:15,240 --> 00:17:18,080 Speaker 2: in a really tough spot. How does she get out 377 00:17:18,080 --> 00:17:19,680 Speaker 2: of it? And how does she redefine her money story. 378 00:17:19,920 --> 00:17:22,080 Speaker 3: I think you need to be really willing to forgive yourself. 379 00:17:22,080 --> 00:17:24,520 Speaker 3: You're never going to be perfect off the bat. Rewriting 380 00:17:24,520 --> 00:17:27,600 Speaker 3: your story doesn't actually happen overnight as much as we 381 00:17:27,640 --> 00:17:30,360 Speaker 3: would all like it to, and we do encounter some hiccups. 382 00:17:30,480 --> 00:17:32,320 Speaker 3: It's like going on a diet right and blowing out 383 00:17:32,359 --> 00:17:35,160 Speaker 3: one weekend and then going, oh, well, I'm never going 384 00:17:35,200 --> 00:17:38,240 Speaker 3: to lose weight. I think that being in a situation 385 00:17:38,280 --> 00:17:40,479 Speaker 3: where you're changing your money story, it's about the journey. 386 00:17:40,480 --> 00:17:43,240 Speaker 3: It's not just about the destination or being right or wrong. 387 00:17:43,359 --> 00:17:45,800 Speaker 3: Sometimes we blow out, sometimes we go out for dinner 388 00:17:45,840 --> 00:17:48,439 Speaker 3: with friends and order that extra glass of wine. But 389 00:17:48,720 --> 00:17:50,400 Speaker 3: the next day we should just be able to pick 390 00:17:50,400 --> 00:17:53,000 Speaker 3: ourselves up, dust ourselves off, and move on to the 391 00:17:53,040 --> 00:17:56,040 Speaker 3: next best thing, even if that means sometimes we take 392 00:17:56,080 --> 00:17:59,879 Speaker 3: two steps back to move one step forward. So for me, 393 00:18:00,119 --> 00:18:03,720 Speaker 3: forgiveness is the key around long term success and having 394 00:18:03,760 --> 00:18:06,480 Speaker 3: a positive money story doesn't mean that we're going to 395 00:18:06,520 --> 00:18:09,880 Speaker 3: be completely free from problems or pain. It's just more 396 00:18:09,920 --> 00:18:13,280 Speaker 3: about developing a strong mindset so we can understand that 397 00:18:13,280 --> 00:18:16,080 Speaker 3: we are actually capable of these changes. And I think 398 00:18:16,119 --> 00:18:17,880 Speaker 3: that if she could reach out to even a couple 399 00:18:17,920 --> 00:18:20,960 Speaker 3: of friends and start discussing that money story and saying, well, hey, 400 00:18:21,000 --> 00:18:23,679 Speaker 3: i'm struggling here. Maybe she'll have some friends that can 401 00:18:23,720 --> 00:18:26,280 Speaker 3: help keep her on track. So when she messes up 402 00:18:26,280 --> 00:18:28,240 Speaker 3: in her eyes, her friends are there to be like. 403 00:18:28,359 --> 00:18:30,879 Speaker 3: That is not as bad as you think it is. 404 00:18:31,359 --> 00:18:33,359 Speaker 2: I see it all the time as well, Like people 405 00:18:33,400 --> 00:18:37,040 Speaker 2: hold themselves to these really high standards. It's unrealistic, unsustainable, 406 00:18:37,320 --> 00:18:39,240 Speaker 2: and then they get angry with themselves and they're. 407 00:18:39,440 --> 00:18:41,119 Speaker 3: Back to square one. 408 00:18:41,160 --> 00:18:42,800 Speaker 2: Not to square one is what I was looking for. 409 00:18:42,880 --> 00:18:45,320 Speaker 3: It's a bit like that. So I think it's important 410 00:18:45,400 --> 00:18:48,040 Speaker 3: that when we start trying to change our money story, 411 00:18:48,119 --> 00:18:50,520 Speaker 3: we start with really small steps. So trying to make 412 00:18:50,560 --> 00:18:53,879 Speaker 3: over all of our bad financial habits or habits that 413 00:18:53,880 --> 00:18:57,119 Speaker 3: we just don't like can also backfire on us because 414 00:18:57,160 --> 00:18:59,639 Speaker 3: when you fail, you often retreat to the ways that 415 00:18:59,640 --> 00:19:02,199 Speaker 3: you are at before. It's so much easier because the 416 00:19:02,240 --> 00:19:05,280 Speaker 3: ways that you had before that you have now they're comfortable. 417 00:19:05,560 --> 00:19:09,120 Speaker 3: Being comfortable is of utmost importance to us as humans. 418 00:19:09,520 --> 00:19:12,480 Speaker 3: So often changing a money story can be a little 419 00:19:12,480 --> 00:19:16,320 Speaker 3: bit uncomfortable. So it's about becoming comfortable with the uncomfortable, 420 00:19:16,800 --> 00:19:18,840 Speaker 3: and it's a lot easier to commit to small scale 421 00:19:18,920 --> 00:19:22,359 Speaker 3: change than a complete life overhaul. So I think baby 422 00:19:22,400 --> 00:19:25,960 Speaker 3: steps are the way forward instead of committing to an 423 00:19:26,160 --> 00:19:28,520 Speaker 3: entire financial overhaul. And I think that's what we need 424 00:19:28,520 --> 00:19:31,240 Speaker 3: to be really focusing on, especially coming into a new year. 425 00:19:31,680 --> 00:19:34,160 Speaker 3: We all have these new year new mea kind of vibe, 426 00:19:34,440 --> 00:19:36,800 Speaker 3: and we all commit to these changes because a new 427 00:19:36,880 --> 00:19:40,200 Speaker 3: year has come upon us, and what happens in February, 428 00:19:40,240 --> 00:19:42,960 Speaker 3: we fall off the bandwagon again because we've often over 429 00:19:43,000 --> 00:19:46,600 Speaker 3: committed ourselves. So I think it's about the small steps. 430 00:19:46,920 --> 00:19:49,600 Speaker 3: So for example, if you typically go out for dinner 431 00:19:50,080 --> 00:19:53,360 Speaker 3: three times a week, I wish I did. I think 432 00:19:53,359 --> 00:19:55,320 Speaker 3: it's more about cutting back and saying, well, what can 433 00:19:55,359 --> 00:19:57,040 Speaker 3: I do to make it too or what can I 434 00:19:57,080 --> 00:19:59,520 Speaker 3: do to make it one instead of saying to yourself 435 00:19:59,760 --> 00:20:02,320 Speaker 3: or I'm in a situation where I'm used to dining out, 436 00:20:02,560 --> 00:20:03,800 Speaker 3: I'm going to completely cut that. 437 00:20:04,040 --> 00:20:05,080 Speaker 2: Yeah, it's not sustainable. 438 00:20:05,160 --> 00:20:08,520 Speaker 3: It's not sustainable, So what can we do that over 439 00:20:08,600 --> 00:20:12,560 Speaker 3: time makes our habits start to become better habits instead 440 00:20:12,600 --> 00:20:16,640 Speaker 3: of cutting things out completely. More about sustainability. I also 441 00:20:16,640 --> 00:20:19,119 Speaker 3: think it's important to talk about accountability. And we can 442 00:20:19,160 --> 00:20:22,639 Speaker 3: talk about this later, but writing down your goals means 443 00:20:22,640 --> 00:20:25,479 Speaker 3: you're actually more likely to achieve them and share them 444 00:20:25,520 --> 00:20:28,159 Speaker 3: with people. If you've got friends that don't want to 445 00:20:28,200 --> 00:20:30,320 Speaker 3: listen right now, you can share it in the Shoes 446 00:20:30,400 --> 00:20:32,880 Speaker 3: on the Money community because we are here for it. Yes, 447 00:20:33,160 --> 00:20:36,040 Speaker 3: totally here for this. But these actions are actually going 448 00:20:36,040 --> 00:20:37,960 Speaker 3: to make you more likely to stick to your goals. 449 00:20:37,960 --> 00:20:38,920 Speaker 3: And that's what we're about. 450 00:20:44,320 --> 00:20:46,920 Speaker 2: Okay, now for the fun stuff. What good would a 451 00:20:46,960 --> 00:20:49,840 Speaker 2: money podcast be without the pervy stuff. Now it's time 452 00:20:49,840 --> 00:20:51,640 Speaker 2: for money Diary. Let's get into it. 453 00:20:53,160 --> 00:20:54,960 Speaker 5: Hello, I'm twenty five and Sensible. 454 00:20:58,359 --> 00:21:00,840 Speaker 2: Today's money Diary is from twenty five Vibe and Sensible, 455 00:21:00,920 --> 00:21:02,720 Speaker 2: who's a little bit of a savings wizit. 456 00:21:02,960 --> 00:21:05,560 Speaker 5: So, my mum has never had a credit card, and 457 00:21:06,760 --> 00:21:10,000 Speaker 5: when you hear about other influential people or other parents 458 00:21:10,000 --> 00:21:11,240 Speaker 5: in your life, they say, oh yeah, put it on 459 00:21:11,280 --> 00:21:12,880 Speaker 5: the credit card. Put it on credit card. So, as 460 00:21:12,920 --> 00:21:16,760 Speaker 5: a child, in growing up and understanding what a credit 461 00:21:16,800 --> 00:21:19,280 Speaker 5: card was, mum explained to me it's money that you 462 00:21:19,320 --> 00:21:21,199 Speaker 5: don't own, it's money that you borrow and then you 463 00:21:21,240 --> 00:21:24,959 Speaker 5: have to pay back and so sort of that influence. 464 00:21:25,920 --> 00:21:28,639 Speaker 5: I guess effectively influenced me to not want to have 465 00:21:28,720 --> 00:21:32,359 Speaker 5: that kind of money. Having studied economics, I've always been 466 00:21:32,359 --> 00:21:35,680 Speaker 5: fascinated about where money travels around the world and around 467 00:21:35,720 --> 00:21:39,120 Speaker 5: the economy. And as a young child, I used to think, 468 00:21:39,160 --> 00:21:41,400 Speaker 5: if I hold onto this ten dollars and don't spend 469 00:21:41,440 --> 00:21:44,520 Speaker 5: it on lollies, where could this money go? But if 470 00:21:44,520 --> 00:21:47,160 Speaker 5: I give ten dollars to the shop, what's that shop 471 00:21:47,200 --> 00:21:49,159 Speaker 5: going to do now with my money? And they're going 472 00:21:49,240 --> 00:21:51,240 Speaker 5: to use it and find it more useful than me 473 00:21:51,359 --> 00:21:53,720 Speaker 5: holding onto it. So I've always been fascinated in that 474 00:21:53,800 --> 00:21:56,080 Speaker 5: kind of sense of where money floats around the world, 475 00:21:56,080 --> 00:21:58,360 Speaker 5: and that sort of I guess inspired me to hold 476 00:21:58,400 --> 00:22:02,240 Speaker 5: onto my money more as well. I do not like 477 00:22:02,320 --> 00:22:05,560 Speaker 5: relying on anybody else for my money, whether that be 478 00:22:05,640 --> 00:22:08,680 Speaker 5: my boyfriend, my parents, any other family member. When I'm 479 00:22:08,720 --> 00:22:14,679 Speaker 5: out with friends, I am very measured in how the 480 00:22:14,720 --> 00:22:17,960 Speaker 5: group situation works when it comes to money, and I'm 481 00:22:18,000 --> 00:22:20,840 Speaker 5: pretty careful with that kind of spending. I don't often 482 00:22:20,920 --> 00:22:24,280 Speaker 5: like to pull money together and just lash out and 483 00:22:24,280 --> 00:22:28,120 Speaker 5: spend because it's often harder to take control. I feel 484 00:22:28,160 --> 00:22:30,800 Speaker 5: like I learned about money as a young age that 485 00:22:31,280 --> 00:22:33,040 Speaker 5: in the freedom it can bring you so that I've 486 00:22:33,040 --> 00:22:35,040 Speaker 5: never wanted to rely on my parents in that way. 487 00:22:35,320 --> 00:22:37,720 Speaker 5: I got a job when I was fourteen years old 488 00:22:37,720 --> 00:22:40,680 Speaker 5: and always have wanted to pay for everything myself. I'm 489 00:22:40,720 --> 00:22:45,160 Speaker 5: currently working as a graduate in the insurance industry. I've 490 00:22:45,160 --> 00:22:47,760 Speaker 5: been doing this for the last two years, so this 491 00:22:47,800 --> 00:22:50,640 Speaker 5: has been my first sort of full time job since 492 00:22:50,680 --> 00:22:51,640 Speaker 5: finishing university. 493 00:22:52,160 --> 00:22:54,320 Speaker 2: Okay, so now we know what she does. Let's get 494 00:22:54,359 --> 00:22:56,760 Speaker 2: into the juicy stuff. How much does she earn and 495 00:22:56,840 --> 00:22:58,960 Speaker 2: how much is sitting in her bank account right now? 496 00:22:59,080 --> 00:23:03,240 Speaker 5: So I currently I earn sixty five thousand dollars a year, 497 00:23:03,280 --> 00:23:08,760 Speaker 5: which also includes superannuation, and currently I have saved around 498 00:23:08,800 --> 00:23:13,760 Speaker 5: forty four thousand dollars. Currently my super is invested with 499 00:23:14,119 --> 00:23:18,640 Speaker 5: my employer's superannuation fund. However, I have been a bit 500 00:23:18,640 --> 00:23:21,600 Speaker 5: slack lately and still need to combine all my superannuations 501 00:23:21,600 --> 00:23:24,440 Speaker 5: together because I know that having them in separate accounts 502 00:23:24,440 --> 00:23:27,000 Speaker 5: is not beneficial for myself. So that is something I 503 00:23:27,000 --> 00:23:30,800 Speaker 5: actually plan to look into over the next few weeks 504 00:23:30,960 --> 00:23:32,920 Speaker 5: to sort of knuckle down into. 505 00:23:32,720 --> 00:23:35,080 Speaker 2: That time and what exactly happens to that money after 506 00:23:35,119 --> 00:23:36,760 Speaker 2: it's deposited into her account. 507 00:23:37,400 --> 00:23:40,880 Speaker 5: I keep good control of my money as it comes 508 00:23:40,960 --> 00:23:45,080 Speaker 5: into my bank account. I have three different accounts set up. 509 00:23:45,160 --> 00:23:47,320 Speaker 5: I have a big savings account which I keep the 510 00:23:47,320 --> 00:23:49,639 Speaker 5: bulk of my savings in. I get paid into a 511 00:23:49,720 --> 00:23:52,359 Speaker 5: middle savings account where all of my pay goes into. 512 00:23:52,720 --> 00:23:55,440 Speaker 5: And I also have a spending account. So each time 513 00:23:55,480 --> 00:23:58,280 Speaker 5: I get paid, the money comes into that middle account. 514 00:23:58,760 --> 00:24:00,840 Speaker 5: I then separate what I would like to choose to 515 00:24:00,880 --> 00:24:03,359 Speaker 5: put away into my big savings account and what I 516 00:24:03,400 --> 00:24:06,600 Speaker 5: would like to choose to put into my spending account. However, 517 00:24:06,640 --> 00:24:11,040 Speaker 5: this spending account I don't often touch until I actually 518 00:24:11,119 --> 00:24:14,040 Speaker 5: need the spending money. So I prefer to have sort 519 00:24:14,040 --> 00:24:17,399 Speaker 5: of that middle account as that safe, secure sort of 520 00:24:17,720 --> 00:24:20,480 Speaker 5: some money there for the next month or two weeks, 521 00:24:21,040 --> 00:24:24,639 Speaker 5: and when I'm out or when I have something that 522 00:24:24,720 --> 00:24:27,040 Speaker 5: I know I need to put money aside for, I 523 00:24:27,040 --> 00:24:29,320 Speaker 5: will transfer across that account. So if I'm going to 524 00:24:29,359 --> 00:24:31,439 Speaker 5: buy a birthday present for a friend, I know that 525 00:24:31,480 --> 00:24:33,760 Speaker 5: I'll need to spend X amount, that I'll transfer across 526 00:24:33,760 --> 00:24:36,439 Speaker 5: that account. And for me, that's a way of controlling 527 00:24:36,640 --> 00:24:40,520 Speaker 5: my spending in a day to day scenario. So if 528 00:24:41,160 --> 00:24:43,240 Speaker 5: I already have the money there in that spending account, 529 00:24:43,280 --> 00:24:45,280 Speaker 5: then I'll lose control of it and I won't be 530 00:24:45,320 --> 00:24:48,200 Speaker 5: able to hold on to it as best I could. 531 00:24:48,400 --> 00:24:51,040 Speaker 2: Okay, then, so how does twenty five and Sensible feel 532 00:24:51,080 --> 00:24:54,040 Speaker 2: about investing? Does she invest? And if so? How? 533 00:24:54,119 --> 00:24:56,640 Speaker 5: This is actually an area I had been thinking about 534 00:24:56,720 --> 00:24:59,240 Speaker 5: quite a lot in the lead up to this recording. 535 00:25:00,119 --> 00:25:03,960 Speaker 5: I don't currently invest a whole lot, obviously. I have 536 00:25:04,000 --> 00:25:06,800 Speaker 5: my bank account that's growing its own interest in savings. 537 00:25:07,800 --> 00:25:11,640 Speaker 5: I do have an employee share scheme, which I don't 538 00:25:11,680 --> 00:25:13,600 Speaker 5: know a huge amount because I've only just taken that 539 00:25:13,680 --> 00:25:16,720 Speaker 5: on in the recent weeks. But I'm definitely keen to 540 00:25:16,840 --> 00:25:19,520 Speaker 5: learn a lot more about investment in the next couple 541 00:25:19,520 --> 00:25:22,480 Speaker 5: of years, especially as my financial situation changes. 542 00:25:22,560 --> 00:25:25,159 Speaker 2: What about debts like credit cards or personal loads? 543 00:25:25,280 --> 00:25:27,680 Speaker 5: Personally, I'm a big hater of debt, so I try 544 00:25:27,720 --> 00:25:31,040 Speaker 5: to avoid it at all costs. The only debt I 545 00:25:31,040 --> 00:25:33,160 Speaker 5: do have at the moment is my hex debt, which 546 00:25:33,280 --> 00:25:35,560 Speaker 5: I wanted to get an education, so this was worth 547 00:25:35,600 --> 00:25:39,640 Speaker 5: it in my mind when taking university education into account, 548 00:25:41,560 --> 00:25:44,879 Speaker 5: I guess from a young age, I've always understood that 549 00:25:45,359 --> 00:25:47,720 Speaker 5: it's not good to have a credit card, it's not 550 00:25:47,760 --> 00:25:49,719 Speaker 5: good to have money that's not yours, and just go 551 00:25:49,760 --> 00:25:53,080 Speaker 5: ahead and use it, so I've always understood how that 552 00:25:53,200 --> 00:25:55,879 Speaker 5: sort of works. I did have a credit card at 553 00:25:55,920 --> 00:25:59,080 Speaker 5: one stage when I went on a Europe trip, which 554 00:25:59,119 --> 00:26:03,760 Speaker 5: I never used. In that case, the bank actually suggested 555 00:26:03,800 --> 00:26:07,280 Speaker 5: I took it for a smaller limit of one thousand dollars. 556 00:26:07,680 --> 00:26:09,520 Speaker 5: I then use that card a couple of times by 557 00:26:09,560 --> 00:26:11,679 Speaker 5: accident at the supermarket and quickly paid the debts back 558 00:26:11,720 --> 00:26:13,760 Speaker 5: straight away, and then I canceled the card because I 559 00:26:13,760 --> 00:26:16,080 Speaker 5: didn't like the fees coming out when I wasn't using 560 00:26:16,080 --> 00:26:19,240 Speaker 5: that credit card, and have since never felt the need 561 00:26:19,359 --> 00:26:23,760 Speaker 5: to use a credit card, so I tried to avoid debt. Obviously, 562 00:26:24,000 --> 00:26:27,240 Speaker 5: I will probably have one in the future for a 563 00:26:27,280 --> 00:26:30,159 Speaker 5: house or another living arrangement, but yeah, not a big 564 00:26:30,240 --> 00:26:31,640 Speaker 5: fan of accumulating debt. 565 00:26:31,720 --> 00:26:34,399 Speaker 2: Does our sweet Savings Wizard have any good money habits 566 00:26:34,400 --> 00:26:35,679 Speaker 2: that she's especially proud of? 567 00:26:35,840 --> 00:26:39,679 Speaker 5: Ooh money habits. There's a few different ones that just 568 00:26:39,760 --> 00:26:43,240 Speaker 5: kind of fell into place through how I was influenced. 569 00:26:43,280 --> 00:26:45,920 Speaker 5: I guess as a child, but also hobbies I guess 570 00:26:45,920 --> 00:26:50,280 Speaker 5: as well. I love finding great clothing at op shops. 571 00:26:50,920 --> 00:26:53,560 Speaker 5: It sounds strange, but I often find things that are 572 00:26:53,640 --> 00:26:56,880 Speaker 5: to my taste and my liking that don't necessarily look 573 00:26:56,920 --> 00:26:58,280 Speaker 5: like they've come from the op shop, or they might 574 00:26:58,320 --> 00:27:01,680 Speaker 5: be something brand new that I found. This top, in fact, 575 00:27:01,760 --> 00:27:04,280 Speaker 5: is from the up shop. So I feel like those 576 00:27:04,280 --> 00:27:08,480 Speaker 5: of money wins. I don't necessarily go shopping all the time. 577 00:27:09,240 --> 00:27:12,840 Speaker 5: It might be I just because I don't have necessarily 578 00:27:13,240 --> 00:27:17,959 Speaker 5: an interest in I don't know, just buying tangible items 579 00:27:17,960 --> 00:27:20,199 Speaker 5: that doesn't give me a lot of satisfaction. I prefer 580 00:27:20,320 --> 00:27:24,200 Speaker 5: to sort of put my money away for future. Another 581 00:27:24,320 --> 00:27:26,560 Speaker 5: thing is I've never really been a big fan of 582 00:27:26,600 --> 00:27:30,439 Speaker 5: spending money on exercise because I've always thought, I don't know, 583 00:27:30,480 --> 00:27:33,000 Speaker 5: it's just like at school, I always ran a lot, 584 00:27:34,280 --> 00:27:36,439 Speaker 5: and I always enjoyed swimming, so I would do that. 585 00:27:36,760 --> 00:27:39,520 Speaker 5: I guess at the beach a lot as well. So 586 00:27:39,600 --> 00:27:41,600 Speaker 5: I still do a lot of running. I still do 587 00:27:41,640 --> 00:27:44,760 Speaker 5: a lot of cycling. I like to take those sports 588 00:27:44,800 --> 00:27:48,000 Speaker 5: in a weird way. I cycle to work and sometimes 589 00:27:48,080 --> 00:27:51,919 Speaker 5: run to work, so I guess I save on transport 590 00:27:51,960 --> 00:27:53,040 Speaker 5: in that sense as well. 591 00:27:53,200 --> 00:27:55,520 Speaker 2: And what about her worst money habit, I. 592 00:27:55,400 --> 00:27:58,760 Speaker 5: Think, although I touched on how I like to have 593 00:27:58,800 --> 00:28:01,439 Speaker 5: my own spending in control of my own spending at 594 00:28:01,520 --> 00:28:04,800 Speaker 5: social gatherings and events, I think sometimes when I'm in. 595 00:28:04,760 --> 00:28:06,399 Speaker 1: The mood, I do lash out a little. 596 00:28:06,440 --> 00:28:09,800 Speaker 5: So if I'm with my boyfriend and we are going 597 00:28:09,840 --> 00:28:12,240 Speaker 5: to the movies or we're going out for dinner, I'll 598 00:28:12,400 --> 00:28:14,960 Speaker 5: often shout drinks as well, and then I'd like to 599 00:28:14,960 --> 00:28:16,920 Speaker 5: go get ice cream on the way home. So I 600 00:28:16,960 --> 00:28:20,240 Speaker 5: think it's in those certain scenarios that's probably my bad habit. 601 00:28:20,359 --> 00:28:25,040 Speaker 5: Or if it's a wine weakened away the thing, I'll 602 00:28:25,080 --> 00:28:27,080 Speaker 5: often think, oh, I don't often do this, and then 603 00:28:27,280 --> 00:28:30,720 Speaker 5: I'll spend a little bit more. Luckily that doesn't happen 604 00:28:30,760 --> 00:28:31,480 Speaker 5: too often. 605 00:28:31,640 --> 00:28:34,920 Speaker 2: So what's today's money diarist actually saving for? What's her 606 00:28:34,960 --> 00:28:35,720 Speaker 2: big money goal? 607 00:28:35,840 --> 00:28:39,680 Speaker 5: My current saving goal. I haven't clearly defined exactly what 608 00:28:39,720 --> 00:28:44,520 Speaker 5: I've wanted to save four However, in general, my goal 609 00:28:44,560 --> 00:28:48,920 Speaker 5: has always been to accumulate savings in my account for 610 00:28:49,040 --> 00:28:51,600 Speaker 5: my future self. So even though I don't have that 611 00:28:51,640 --> 00:28:54,720 Speaker 5: clearly defined, I've always wanted to put some money away 612 00:28:54,760 --> 00:28:57,720 Speaker 5: because eventually I'd like to buy a house, or build 613 00:28:57,720 --> 00:29:00,120 Speaker 5: a house or do something of that like that is 614 00:29:00,160 --> 00:29:02,600 Speaker 5: a big investment that will be meaningful to me, and 615 00:29:03,160 --> 00:29:05,000 Speaker 5: at the moment, I haven't made up the decision of 616 00:29:05,040 --> 00:29:07,040 Speaker 5: what that is but I've always known that for my 617 00:29:07,120 --> 00:29:10,000 Speaker 5: future self, I will really think myself one day that 618 00:29:10,080 --> 00:29:12,000 Speaker 5: I've put this aside. So that's sort of been my 619 00:29:12,040 --> 00:29:15,320 Speaker 5: motivation to always have those those savings. 620 00:29:15,440 --> 00:29:18,680 Speaker 2: And twenty twenty is here, will twenty five and sensible 621 00:29:18,800 --> 00:29:20,600 Speaker 2: change any of her habits for the new year. 622 00:29:20,600 --> 00:29:24,040 Speaker 5: In twenty twenty, I would really like to change my 623 00:29:24,080 --> 00:29:30,160 Speaker 5: habits in a way that incorporates some professional financial advice. 624 00:29:30,800 --> 00:29:32,960 Speaker 5: I think being a listener if she's on the money, 625 00:29:32,960 --> 00:29:35,880 Speaker 5: I've barely been inspired by what I can do and 626 00:29:35,920 --> 00:29:39,200 Speaker 5: what I should be doing more of. I would like to, 627 00:29:39,320 --> 00:29:43,200 Speaker 5: as I mentioned, put all my superannuation together, and also 628 00:29:43,840 --> 00:29:46,440 Speaker 5: really attack budgeting. I would really like to get into 629 00:29:46,440 --> 00:29:49,320 Speaker 5: spreadsheets more. I'd like to budget more for my supermarket 630 00:29:49,320 --> 00:29:53,040 Speaker 5: spending even that kind of thing, and also putting away 631 00:29:53,080 --> 00:29:57,200 Speaker 5: savings for other bigger things such as holidays and Christmas, 632 00:29:57,240 --> 00:29:59,800 Speaker 5: and really working that out earlier before the time comes. 633 00:30:00,000 --> 00:30:03,200 Speaker 2: So how would today's money diarist rate her own relationship 634 00:30:03,240 --> 00:30:03,680 Speaker 2: with money? 635 00:30:03,920 --> 00:30:06,400 Speaker 5: Oh, if I had to rate myself, i'd probably give 636 00:30:06,440 --> 00:30:11,480 Speaker 5: myself maybe a B or B plus because I still 637 00:30:11,480 --> 00:30:14,200 Speaker 5: haven't quite worked out where my money is going for 638 00:30:14,240 --> 00:30:18,200 Speaker 5: the future in terms of investment and how to get 639 00:30:18,240 --> 00:30:20,600 Speaker 5: the best out of it. However, I feel like I'm 640 00:30:20,600 --> 00:30:23,080 Speaker 5: pretty on track and pretty happy with the way it's 641 00:30:23,160 --> 00:30:25,200 Speaker 5: been tracking in the past. 642 00:30:25,680 --> 00:30:29,000 Speaker 2: How good was that twenty five and sensible? You put 643 00:30:29,040 --> 00:30:29,600 Speaker 2: me to shame? 644 00:30:30,120 --> 00:30:32,600 Speaker 3: I love her, I also think and I feel like, 645 00:30:32,640 --> 00:30:35,240 Speaker 3: I say this a lot about our money diarists, who 646 00:30:35,280 --> 00:30:38,400 Speaker 3: are savvy little savers. I think she is too harsh 647 00:30:38,440 --> 00:30:41,920 Speaker 3: on herself. Her rating should say a B. I say 648 00:30:41,920 --> 00:30:44,560 Speaker 3: this a lot about our money diarists because I think 649 00:30:44,560 --> 00:30:46,320 Speaker 3: that they're all doing so much better than they think 650 00:30:46,360 --> 00:30:48,400 Speaker 3: they are. But I also want to be respectful of 651 00:30:48,440 --> 00:30:50,960 Speaker 3: where they think they are at. Because if she said 652 00:30:50,960 --> 00:30:53,080 Speaker 3: that she's a bee and she feels like she needs 653 00:30:53,120 --> 00:30:55,560 Speaker 3: to get her souper together and wants to get financial help, 654 00:30:55,720 --> 00:30:58,000 Speaker 3: imagine how great she's going to be in the next year. 655 00:30:58,280 --> 00:30:59,840 Speaker 2: Yeah, what does an A plus look like for twenty 656 00:30:59,840 --> 00:31:00,640 Speaker 2: five and sensible? 657 00:31:00,720 --> 00:31:03,480 Speaker 3: Geez amazing. And as much as I don't love that 658 00:31:03,600 --> 00:31:07,880 Speaker 3: she has her superanuation spread out across other places, I 659 00:31:08,080 --> 00:31:10,880 Speaker 3: liked that she understood that was something she needed to 660 00:31:10,960 --> 00:31:13,040 Speaker 3: change and wanted to get help for that. I think 661 00:31:13,040 --> 00:31:15,840 Speaker 3: it's really important when talking about superannuation that we don't 662 00:31:15,920 --> 00:31:19,840 Speaker 3: just jump into consolidating our super into one account. There 663 00:31:19,840 --> 00:31:22,200 Speaker 3: are so many things we need to take into consideration 664 00:31:22,320 --> 00:31:26,160 Speaker 3: when looking at superanuation, like fees and performance of the fund. 665 00:31:26,400 --> 00:31:29,520 Speaker 3: But also, and most commonly forgotten, are the insurances that 666 00:31:29,560 --> 00:31:32,280 Speaker 3: are attached to the superfund that we lose if we 667 00:31:32,400 --> 00:31:35,320 Speaker 3: roll out of a superfund without any consultation with a 668 00:31:35,360 --> 00:31:38,920 Speaker 3: financial advisor. So as much as you can absolutely roll 669 00:31:38,960 --> 00:31:41,760 Speaker 3: together your super on your own through the MyGov account, 670 00:31:42,160 --> 00:31:44,280 Speaker 3: I think it's also worth having a quick chat with 671 00:31:44,320 --> 00:31:47,080 Speaker 3: a financial advisor to work out what the best possible 672 00:31:47,120 --> 00:31:49,800 Speaker 3: outcome for you is. And she was totally on track 673 00:31:49,840 --> 00:31:50,080 Speaker 3: with that. 674 00:31:50,360 --> 00:31:54,000 Speaker 2: Absolutely. I loved her quirky little habits like shopping in 675 00:31:54,080 --> 00:31:56,360 Speaker 2: op shops and getting fulfilment out of that. You know, 676 00:31:56,400 --> 00:31:58,040 Speaker 2: you get one off pieces that no one else is 677 00:31:58,080 --> 00:32:01,120 Speaker 2: gonna be wearing, a very sustainable way to shop. Also, 678 00:32:01,440 --> 00:32:04,960 Speaker 2: running riding her bike to work is amazing. Not paying 679 00:32:04,960 --> 00:32:06,560 Speaker 2: for your marqie, which adds up. 680 00:32:06,600 --> 00:32:08,600 Speaker 3: It totally adds up, And I feel like I need 681 00:32:08,640 --> 00:32:10,920 Speaker 3: to take a leaf out of her book because I'm 682 00:32:10,960 --> 00:32:14,000 Speaker 3: really good at paying for exercise that I do not 683 00:32:14,200 --> 00:32:17,000 Speaker 3: do nearly as consistently or regularly as I should be 684 00:32:17,440 --> 00:32:20,800 Speaker 3: so paying for exercise. Coming into the next couple of 685 00:32:20,840 --> 00:32:23,840 Speaker 3: months where it's going to be really nice outside, maybe 686 00:32:23,880 --> 00:32:26,600 Speaker 3: I need to evaluate what I'm up to. I also 687 00:32:26,680 --> 00:32:28,680 Speaker 3: love that she said that she wants to see a 688 00:32:28,720 --> 00:32:31,920 Speaker 3: financial advisor to get advice on her money, knowing that 689 00:32:31,960 --> 00:32:33,800 Speaker 3: she doesn't know what she wants to do with it. 690 00:32:34,000 --> 00:32:36,160 Speaker 3: That's such a great way of making her money work 691 00:32:36,200 --> 00:32:38,800 Speaker 3: for her instead of her consistently working for it. She 692 00:32:39,000 --> 00:32:42,200 Speaker 3: is so young and has so much opportunity ahead of 693 00:32:42,240 --> 00:32:45,080 Speaker 3: her to take hold of, and the sooner she gets 694 00:32:45,120 --> 00:32:48,640 Speaker 3: into the investment market, whether that is shares or property 695 00:32:48,880 --> 00:32:51,640 Speaker 3: or some other form of investment, it actually doesn't matter. 696 00:32:51,760 --> 00:32:53,960 Speaker 3: I think it's just important to get educated and start 697 00:32:54,000 --> 00:32:56,000 Speaker 3: talking to people. And she seems to be on the 698 00:32:56,080 --> 00:32:56,600 Speaker 3: right track. 699 00:32:56,680 --> 00:32:58,920 Speaker 2: She's definitely on the right track. Well done, twenty five 700 00:32:58,920 --> 00:33:01,920 Speaker 2: and sensible, and that is all we have time for today. 701 00:33:02,160 --> 00:33:02,800 Speaker 5: But before we. 702 00:33:02,760 --> 00:33:05,760 Speaker 2: Head off, let's quickly wrap the boring but important stuff. 703 00:33:06,080 --> 00:33:08,000 Speaker 2: The advice shared on she Is on the Money is 704 00:33:08,040 --> 00:33:11,240 Speaker 2: general in nature and does not consider your individual circumstances. 705 00:33:11,560 --> 00:33:14,720 Speaker 2: She's on the Money exists purely for educational purposes only 706 00:33:14,800 --> 00:33:16,920 Speaker 2: and should not be relied upon to make an investment 707 00:33:17,040 --> 00:33:20,960 Speaker 2: or financial decision, and don't worry, We promise Victoria to 708 00:33:21,000 --> 00:33:25,280 Speaker 2: find is an authorized representative of Consultant Financial Advisors Proprietary 709 00:33:25,320 --> 00:33:28,840 Speaker 2: Limited ABN six five zero zero six three seven three 710 00:33:29,000 --> 00:33:32,120 Speaker 2: nine ninety five AFSL two three zero three two three. 711 00:33:32,440 --> 00:33:35,000 Speaker 2: And of course, thank you to our loveliest sound engineer, 712 00:33:35,080 --> 00:33:37,400 Speaker 2: Chris Burke for making us sound so very fabulous. 713 00:33:37,560 --> 00:33:39,640 Speaker 3: We would love it if you joined our Facebook group, 714 00:33:39,800 --> 00:33:43,320 Speaker 3: where our community shares our money, wins and confessions every 715 00:33:43,360 --> 00:33:46,520 Speaker 3: single day, free of judgment. Search She's on the Money 716 00:33:46,520 --> 00:33:49,520 Speaker 3: on Facebook and join us. If Facebook's not your thing, 717 00:33:49,640 --> 00:33:52,120 Speaker 3: you can also find us hanging out on Instagram. We're 718 00:33:52,160 --> 00:33:54,120 Speaker 3: at She's on the Money a US. 719 00:33:54,320 --> 00:33:55,360 Speaker 2: See you guys next week. 720 00:33:55,520 --> 00:33:56,440 Speaker 1: Bye bye