Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.
Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
Speaker 1: the storytelling of you to make a difference for today
Speaker 1: and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money. She's on the Money.
Speaker 4: Hello, and welcome to she is on the Money podcast
Speaker 4: for millennials who want financial freedom. My name is Georgia King,
Speaker 4: and joining me as always is Victoria Define.
Speaker 2: How are and I am well?
Speaker 4: Today we are talking about a topic so many She's
Speaker 4: on the Money community members are familiar with side hustles,
Speaker 4: but more specifically, how we can work out if our
Speaker 4: side hustle is tax compliant.
Speaker 2: Important.
Speaker 4: It makes a lot of sense that over the last
Speaker 4: couple of years, in living through a pandemic, so many
Speaker 4: of us have had to adjust the way we work,
Speaker 4: and I know personally so many people in my life
Speaker 4: have started their own side hustles to tike couple of
Speaker 4: income lost.
Speaker 2: It's very colutely.
Speaker 4: As it turns out my mates and that she's on
Speaker 4: the money community, We're not the only ones now.
Speaker 2: In March this year.
Speaker 4: A new national report released by IG revealed that nearly
Speaker 4: half forty eight percent to be presas of Australian surveyed
Speaker 4: either have or are planning to start a side hustle,
Speaker 4: which to me, Victoria Devine, is staggering.
Speaker 2: It is because do you know what we did a
Speaker 2: couple of years ago. So back in twenty nineteen, when
Speaker 2: I first did the podcast and our community started to grow,
Speaker 2: I did a census, and the census will come out
Speaker 2: again this year. I'm still just pulling all my questions
Speaker 2: together because I want to survey you guys and like
Speaker 2: actually see the insights from our community. But I asked
Speaker 2: in that survey how many of you had a side
Speaker 2: hustle or we're planning to start, and it was twenty percent.
Speaker 4: Look at that grow, I wonder what would happen if
Speaker 4: you did that now in our commisity.
Speaker 2: I feel like so many people in our community have
Speaker 2: side hustles because we're learning so much about what that
Speaker 2: actually means. So it's now no longer like, oh my gosh,
Speaker 2: I started this jewelry creating business and I registered in
Speaker 2: ABN and I did this and I did that. To
Speaker 2: now people going, oh, I just do online surveys as
Speaker 2: my side hustle on the weekends, and you're like, wow,
Speaker 2: like there's so many different ways. I remember a couple
Speaker 2: of months ago we had a money diarist who just
Speaker 2: did stuff on air tasker, and it's just like, there's
Speaker 2: so many different ways to have a side hustle. That
Speaker 2: doesn't mean you have to register in ABN and start
Speaker 2: an entire business. You can just like literally just hustle
Speaker 2: on the side for a little bit, go in some
Speaker 2: extra casholer and you're good. I love it as long
Speaker 2: as you pay tax on it. Yes, And that's why
Speaker 2: this whole episode is right. So for anyone who.
Speaker 4: Is unfamiliar with the term, what actually is a side hustle,
Speaker 4: let's break it outside job or side revenue generating exercise.
Speaker 2: Let's call it that to bring in some extra cash.
Speaker 2: So it could be as we heard on our money diarist,
Speaker 2: was it last week or a couple of weeks. It
Speaker 2: was a couple of weeks ago. She just took the
Speaker 2: bins in and she got an extra two grand a
Speaker 2: year for every what was at fortnite or something something
Speaker 2: like going down picking up the bins taking them out
Speaker 2: for a body corporate two grand a year. That's a
Speaker 2: side hustle. We know people who you know need scarves
Speaker 2: and sell them on Etsy side hustle. Like, there are
Speaker 2: so many different ways to generate income, whether you are
Speaker 2: in a more structured side hustle, I guess framework, so
Speaker 2: something like being an Uber Eats driver or you know,
Speaker 2: actually doing DD or something like that, all the way
Speaker 2: to actually having a full blown side business. Like we've
Speaker 2: seen on money Diaries before where people are like, oh,
Speaker 2: I have a full time job, but also I have
Speaker 2: this entire company that I run in my spare time,
Speaker 2: and I'm like three children, How do you even have
Speaker 2: spare time? Because I have no children and still no
Speaker 2: spare time. So it blows my mind how creative our
Speaker 2: community has been in picking up side hustles. So it
Speaker 2: could be you driving Uber, or it could be you
Speaker 2: having a full blown company, or it could be you
Speaker 2: letting out your spare room on Airbnb to have guests
Speaker 2: on the weekends when you're maybe either home or not home.
Speaker 2: I think it's so cool how creative our community has
Speaker 2: been with finding side hustles that before they were like, oh,
Speaker 2: I didn't even know that I could have a side hustle.
Speaker 2: And then I realized that my spare room could literally
Speaker 2: have an Airbnb guest in there and I could earn
Speaker 2: some extra cash. How cool is.
Speaker 4: That My brother has recently learned about Airbnb And let
Speaker 4: me tell you, ladies, he is making a lot of money.
Speaker 4: Is he actually always at home and mum is helping
Speaker 4: him with the laundry, which makes me very mad.
Speaker 2: Wait, so he's like leasing out here and then stay
Speaker 2: at mom and dad's house. It's the laundry. I'm like,
Speaker 2: can you go home even though I don't live there.
Speaker 2: But does your mum do your laundry? N She helps
Speaker 2: me with Lynden sometimes. Joh, we don't have a dryer.
Speaker 2: You know what. The boys need a little bit of help,
Speaker 2: they do, they do?
Speaker 4: Anyway, point is he makes a lot of money on Airbnb.
Speaker 4: Covid really ramped up flexible working arrangements beyond the traditional
Speaker 4: nine to five office space situation, which I love to say,
Speaker 4: I love. We also mentioned a while back on our
Speaker 4: episode about having tough conversations with your boss that perhaps
Speaker 4: your negotiations don't always need to be around pay, but
Speaker 4: maybe around working for your hours, which could actually give
Speaker 4: you time to nurture that side.
Speaker 2: Hustle, which I think is cool.
Speaker 4: What would you say the main reasons are that people
Speaker 4: have a side hustle, I mean obviously making money.
Speaker 2: Look, I feel like that was the number one. Like
Speaker 2: people have a side hustle because they want to make money.
Speaker 2: And then it's also one of those things where it
Speaker 2: can be a little bit more flexible. So maybe you
Speaker 2: are a stay at home parent and you're like, I
Speaker 2: just want to do something additional to get maybe some
Speaker 2: cash in the door, or just be a little bit
Speaker 2: more engaged. Like I've got a girlfriend who is a
Speaker 2: stay at home mum at the moment, and she absolutely
Speaker 2: adores it. But she's gotten to a point where she's
Speaker 2: just like, all right, I do want my kid to
Speaker 2: go to daycare a couple of days a week just
Speaker 2: for like the social interaction. But she's not willing to
Speaker 2: take on a full time job yet or go back
Speaker 2: part time into her role. She's doing laundry. Like she's
Speaker 2: just become kind of like a washing lady for a
Speaker 2: couple of families around the area, which I think is
Speaker 2: actually genius. So on her days off, she goes and
Speaker 2: picks up the washing, takes it back to her house,
Speaker 2: washes it, folds it, does whatever else, and then just
Speaker 2: drops it back and makes bank from it. And do
Speaker 2: you know what. I'm obviously not going to out her
Speaker 2: on the podcast, but it's a little cash job, so
Speaker 2: she's maybe not doing the tax thing she should be doing.
Speaker 2: But like I'm not going to dob on her. And
Speaker 2: if the ader come knocking, I'm like, I don't know
Speaker 2: what you're talking about. I made that example up all
Speaker 2: by myself.
Speaker 3: Doney.
Speaker 4: My grandma does the same thing. Have I told you
Speaker 4: she does mining for people?
Speaker 2: That's so whole little bit of care. I feel like
Speaker 2: it's genius because like Grandma's are literally the best at iron.
Speaker 2: She is talented. Like I can't iron to save my life.
Speaker 2: If they're a pair of pants that I own that
Speaker 2: have any form of plate or crease in it, I'm like,
Speaker 2: all right, it's straight to the right cleaner. And that's
Speaker 2: so expensive. I think it's genius. Yeah, I gues it's
Speaker 2: genius anyway.
Speaker 4: Job.
Speaker 2: I feel like there are so many different ways you
Speaker 2: can have a side hustle, and it doesn't necessarily have
Speaker 2: to always be for income, Like it could just be
Speaker 2: you wanting to be engaged and do something because I'm
Speaker 2: sure grandma's like, great, the money's you know, really helpful
Speaker 2: on the side, but it's a way of, especially as
Speaker 2: you're getting a bit older, side hustles are a way
Speaker 2: of staying connected with your community as well, yes, and
Speaker 2: staying engaged with people who are around you. And like,
Speaker 2: I'm sure those families that your grandma works for, like
Speaker 2: she's kind of hard, it's a family, and like she
Speaker 2: probably doesn't want to lose that either. So I think
Speaker 2: there are lots of different reasons why people have side hustles,
Speaker 2: but predominantly, especially if you're listening to she's on the money,
Speaker 2: it's probably due to cash, which is why we need
Speaker 2: to be careful about how we generate it so we
Speaker 2: don't end up with like a hefty tax bill at
Speaker 2: the end of tax time.
Speaker 4: How does it differ from a part time job on
Speaker 4: the side fee.
Speaker 2: It's all about control. So while a side hustle is
Speaker 2: usually only done part of the time. It's not actually
Speaker 2: a consistent part time job, like you don't have an
Speaker 2: employment contract or a framework around it. And freelancing isn't
Speaker 2: really considered a side hustle unless it's your secondary job.
Speaker 2: So a full time freelancer as well. I really want
Speaker 2: to clarify this, like, that's a legit profession. That is
Speaker 2: what you do, that is how you do it. That
Speaker 2: is not a side hustle. A side hustle to me
Speaker 2: and a side hustle to the ses on the money
Speaker 2: community is just getting some extra cash on the side.
Speaker 2: It's not going, oh, I have a full time job
Speaker 2: and I have a freelance career as well. Like, I
Speaker 2: think we need to differentiate that because I would hate
Speaker 2: people to listen to this and be like, oh, Victoria
Speaker 2: doesn't think it's legit. Ye, no, I do, and you
Speaker 2: are the biggest hustler of them all. So some people
Speaker 2: just don't have a main job and then put it
Speaker 2: all together because they have a whole heap of sid
Speaker 2: hustles as well, which is kind of cool. What are
Speaker 2: your hot tips when it comes to like nailing a
Speaker 2: side hustle, all right, I've written down five hot tips.
Speaker 2: Are you ready for them? Really? So start small and
Speaker 2: don't invest right away. So the value of starting small,
Speaker 2: I don't think can be overstated. People often with side
Speaker 2: hustles bite off more than they can chew and then
Speaker 2: have to wind back significantly. So make small steps today
Speaker 2: to put your side hustle together is going to put
Speaker 2: you ahead of those who are starting tomorrow. But also
Speaker 2: it's going to put you in a position where you're
Speaker 2: completely in control of scaling that too. Often, like let's
Speaker 2: use ironing as an example here, you'll go, oh my god,
Speaker 2: I can get through like a basket every single night.
Speaker 2: Is that actually feasible? And like is that actually going
Speaker 2: to fit into your lifestyle or is that just something
Speaker 2: you could pick up on a Sunday. So I think
Speaker 2: it's about starting small, testing the water to see how
Speaker 2: you go. The next is finding the right side hustle
Speaker 2: for you. I think there's been a lot of pressure
Speaker 2: to quote have a side hustle, which shouldn't exist. Like,
Speaker 2: if you don't want a side hustle and you actually
Speaker 2: want to enjoy your free time, do that that is
Speaker 2: a privilege, Like the idea that people have a side
Speaker 2: hustle for one of two reasons. One extra income, and
Speaker 2: they are swapping their time for money. That is important.
Speaker 2: But I also just think if you don't want a
Speaker 2: side hustle, don't have one. People put too much pressure
Speaker 2: on themselves. But it is a really good way of
Speaker 2: getting ahead, So find the right one for you. So
Speaker 2: is it making the money that you need it to make,
Speaker 2: Is it going to do the things that you want
Speaker 2: it to do. Is it nourishing you in the way
Speaker 2: that it needs to. I think sometimes people end up
Speaker 2: again biting off more than they can chew, and they
Speaker 2: go got this great side a hustle. I'm making like
Speaker 2: fifty bucks every time I sell X, But then you
Speaker 2: find out it's taking them fifty hours to make X,
Speaker 2: and then it's actually not a good trade off for
Speaker 2: the time that they're sacrificing, and they actually should have
Speaker 2: just picked up, you know, an extra guest on Airbnb
Speaker 2: and chucked them in the spare room because they would
Speaker 2: have made better bank. So I think it's about balancing
Speaker 2: what is actually feasible when it comes to having a
Speaker 2: side hustle, Because regardless of how passionate you are, I
Speaker 2: think your time is absolutely worth money, and if it's not,
Speaker 2: you know, balancing out, you're going to get burnt out
Speaker 2: really quickly. The next is understanding your reasoning for starting.
Speaker 2: So is it actually cash? Is it to pay off
Speaker 2: a debt? Is it to build an emergency fund? Is
Speaker 2: it to put yourself ahead when it comes to investing
Speaker 2: for your retirement? Is it to if your first home deposit?
Speaker 2: Is because you just want some more engaging work to do, Like,
Speaker 2: we need to understand why to keep on track because
Speaker 2: the side hustle can quite quickly become really all consuming.
Speaker 2: So especially if you have a full time job and
Speaker 2: then you're taking on a side hustle. Remembering what you're
Speaker 2: compromising there, like is it actually family time? Is it
Speaker 2: something that you don't want to be compromising? Is it
Speaker 2: short term so you can get out of debt? Is
Speaker 2: it short term so you can afford a europe trip?
Speaker 1: Haha?
Speaker 2: Cough Where I am right now?
Speaker 5: Bye?
Speaker 2: But it's one of those things that you just really
Speaker 2: need to be quite clear on that because too many
Speaker 2: times we get so swept up and caught up in
Speaker 2: it that you're like, oh my gosh, I didn't even
Speaker 2: realize two years down the track that I would have
Speaker 2: done things differently, so I think just being on track again,
Speaker 2: prioritizing your time. This twenty four seven rising grind hustle
Speaker 2: culture is a joke, Like nobody gets up at five
Speaker 2: am and then sleeps, and no one can call it
Speaker 2: coffees anymore. Guys, it is not sexy. You're not is sexy.
Speaker 2: Having financial and mental wellness, like being consistent and looking
Speaker 2: after yourself and picking a side hustle that actually works
Speaker 2: for your mental health and your mental state is so important,
Speaker 2: like this idea of rise and grind culture and like
Speaker 2: always being on the hustle, like, honestly, I was no
Speaker 2: more girl boss, bullshit, none, just put it in the bin.
Speaker 2: I just I don't like it. It's so much about
Speaker 2: wellness and looking after yourself. And please don't get me wrong,
Speaker 2: there is nothing sexier than a person who knows what
Speaker 2: they want and is out to get it. I'm all
Speaker 2: about that, But there's the difference between that and someone
Speaker 2: who's like, oh my god, I'm a hustler. I'm a
Speaker 2: cultured hustler and I do so I do. Like you're
Speaker 2: not going just sit down, sir, So really prioritizing your
Speaker 2: time and making sure that you're sticking to those boundaries.
Speaker 2: From my perspective, is really important because you know, we're
Speaker 2: all about money at cheese on the money, we're all
Speaker 2: about generating income, we're all about everything. But over and
Speaker 2: above all of that, from my perspective, it's actually about
Speaker 2: you and your journey. Like the tagline of my business
Speaker 2: seller is it's your journey, And that's the thing that
Speaker 2: we really want to focus on because it's not necessarily
Speaker 2: about the destination. From my perspective, it's about enjoying the
Speaker 2: journey as well and finding balance in your life. And
Speaker 2: I think that sometimes we forget that, especially when we
Speaker 2: get swept up in this side hustle culture of like
Speaker 2: earning money and being a girl boss. Like we're not
Speaker 2: girl bosses. I'm not a girl boss. No, we're just
Speaker 2: bosses and we're just doing what we need to for
Speaker 2: our life and our family and what we want. And
Speaker 2: then the last one, this is like me directly talking
Speaker 2: to freelances. Here, you are going to ask for what
Speaker 2: you are worth. You are going to know your worth,
Speaker 2: and you are going to add tax to that. We
Speaker 2: are not anymore going to be afraid to charge people
Speaker 2: for the services that you are providing. We are not
Speaker 2: going to undersell. We are not going to under charge.
Speaker 2: If someone comes to your business and wants a discount,
Speaker 2: thank you for coming. No, we don't do that. Like
Speaker 2: we put ourselves first because you are the priority here.
Speaker 2: You need to be maintained and there is always going
Speaker 2: to be somebody who wants to pay for your services
Speaker 2: in full. I promise.
Speaker 4: Also remember that if you have like a mate who
Speaker 4: has their own side hustle and you want to support them,
Speaker 4: but you also want mates rates, don't ask for mates rates.
Speaker 2: Pay them what there were.
Speaker 3: Yeah.
Speaker 2: Thanks, So many people expect that. Oh my gosh, No,
Speaker 2: Like I just don't understand it. Like, don't do that.
Speaker 2: If your friend has a small business, respect the small business.
Speaker 2: If they give you a friend and family discount that
Speaker 2: is so kind, don't use it. Bye, Yeah love it.
Speaker 4: Fiza, would you say that work life balance is a
Speaker 4: unicorn or just like does not exist for people.
Speaker 2: Who are so pretty? Not pretty? If you're working full
Speaker 2: time and you have a side hustle, how do you
Speaker 2: find time for you? Look, it's really hard, and I
Speaker 2: am preaching this and you've probably picked up in my
Speaker 2: tone of voice today that I'm quite passionate about this.
Speaker 2: And the reason I'm passionate about this is because I
Speaker 2: have been sucked into this and I do this, and
Speaker 2: I say that in the most loving of ways, that
Speaker 2: I actually just want you to be in the best
Speaker 2: possible position. And as somebody who worked full time and
Speaker 2: then had cheese on the money as a side hustle,
Speaker 2: and then all of these other businesses that I keep
Speaker 2: starting because I am a psycho. It is just so
Speaker 2: important to remember why you are there and prioritize your
Speaker 2: rest in recovery. Like a couple of weeks ago, Gee,
Speaker 2: I was completely out, like I could not podcast. And
Speaker 2: it wasn't because I had COVID. It wasn't because I
Speaker 2: had the flu. All of those things were going around.
Speaker 2: I went to the doctor, I got tested. It was
Speaker 2: me being burnt out. And that is not something to
Speaker 2: write home about. Like, that is not something I'm proud of,
Speaker 2: because if I am going to you know, I would
Speaker 2: love to think that I'm a leader. You know, I
Speaker 2: really strive to be a good leader. How can I
Speaker 2: do that to myself and then expect the rest of
Speaker 2: the community to follow suit? Yeah, Like, how can I
Speaker 2: tell you, hey, I think you need to be prioritizing
Speaker 2: your work life balance and then people looking at me
Speaker 2: being like, she doesn't, though, yeah, exactly, Like so I'm
Speaker 2: a bit at the time, I was like, oh my gosh,
Speaker 2: like I'm fine, I'm going to get it done. But
Speaker 2: even then, I just wanted to do what I said
Speaker 2: I was going to do and fulfill all of the
Speaker 2: work requirements I had. But even then I probably should
Speaker 2: have just taken a SICKI and I didn't, And I like,
Speaker 2: I'm not proud of that, and I think that a
Speaker 2: lot of you should learn from that and go gin
Speaker 2: know what. That put Victoria even further behind because she
Speaker 2: didn't just stay in bed and sleep like she should have.
Speaker 2: She put herself further back. And so I think it's
Speaker 2: it's one of those things where we do really need
Speaker 2: to prioritize rest and recovery and actually even building buffer
Speaker 2: time and transport time, Like how many times have we
Speaker 2: booked meetings back to back and just forgotten that it's
Speaker 2: going to take half an hour to get from one
Speaker 2: meeting to another, or that you have to go pick
Speaker 2: the kids up from school in between that, or that
Speaker 2: you know you don't just have to pick the kids
Speaker 2: up from school, you have to pick them up, and
Speaker 2: you have to get them afternoon tea and then drop
Speaker 2: them somewhere else and like all of that time's written off.
Speaker 2: Like we need to actually be fully aware of what
Speaker 2: work life balance looks like. And don't get me wrong,
Speaker 2: sometimes that balance is out of sync because it is
Speaker 2: a balance and it floats back and forth. But it's
Speaker 2: always about trying to find an equilibrium that really works
Speaker 2: for you. And researchers have recently said that if you're
Speaker 2: engaging inside hustles immediately after completing your main job, that
Speaker 2: is a recipe for burnout, so just be aware of it.
Speaker 2: I think making sure that you're setting really healthy boundaries
Speaker 2: is also really important.
Speaker 1: I e.
Speaker 2: Don't be victory devine and reply to your emails at
Speaker 2: three am. It's just not healthy. It's just not healthy.
Speaker 2: I've tested it. You burn yourself out, you give yourself laryngitis,
Speaker 2: you end up with a secondary infection. It's just not cute.
Speaker 2: Not cute.
Speaker 4: So would you say then, like penciling it in your
Speaker 4: calendar some me time, go to yoga after work, don't
Speaker 4: compromise on that, don't stay along at the meeting, Like
Speaker 4: is that how you fitted in.
Speaker 2: One hundred percent, but it's also about finding what is
Speaker 2: actually balanced for you. Yeah, So like for you, George,
Speaker 2: I know you're a runner, and I know that you
Speaker 2: do yoga. For me, sometimes penciling in time after work
Speaker 2: where I can sit on the couch scrolling aimlessly through
Speaker 2: Instagram is my wind down time. So it's going to
Speaker 2: look different for everybody. And I also think there's this
Speaker 2: really unrealistic expectation of what work life balance looks like.
Speaker 2: Right worklay Falons is getting up at seven am and
Speaker 2: going to a beautiful ballades class and doing this and
Speaker 2: grabbing a coffee like no, mine's actually sleeping in and
Speaker 2: sometimes scrolling on in Instagram and that's what keeps me
Speaker 2: straight for the rest of the day, whereas to me
Speaker 2: it would be the opposite, exactly, like the coffee exactly.
Speaker 2: And don't get me wrong, I still love polarates, I
Speaker 2: still love coffee. But I just think there's this unrealistic
Speaker 2: expectation of what work life balance looks like because social media,
Speaker 2: as we've talked about a million times on this podcast,
Speaker 2: really plays into it because you go, well, this person,
Speaker 2: they're so balanced, how good is that they are going
Speaker 2: to work and then straight after work they go to
Speaker 2: Polarates and then they go home and they make this
Speaker 2: nourishing green bowl for their dinner, and then they have
Speaker 2: leftovers for lunch the next state. Like for some people
Speaker 2: that would just burn them out, Like some people just
Speaker 2: need to go home and crash. I get it, everybody's different,
Speaker 2: but I think really understanding what your stresses are and
Speaker 2: what burnout could look like for you is really important.
Speaker 4: So if we're putting all of these extra hours into
Speaker 4: our side hustle, v wouldn't follow. The people who do
Speaker 4: work full time and have that gig on the side
Speaker 4: are feeling more stressed out, and so.
Speaker 2: We're like telling people to have better work life balance.
Speaker 2: But interesting, multiple studies have actually shown that side hustles
Speaker 2: have helped people live more interesting and fulfilling lives, which
Speaker 2: is kind of cool. So this study was done by
Speaker 2: Henley Business School and it showed that a sense of
Speaker 2: fulfillment was achieved from engaging in side hustles and that
Speaker 2: translated directly into happiness for their both main and side
Speaker 2: hustle workplaces, which is kind of cool. It also found
Speaker 2: that side hustles empowered individuals to be in control and
Speaker 2: in charge of their work, which led them to become
Speaker 2: more emotionally and cognitively invested in their side hustles and
Speaker 2: also transmits positive emotions that are associated with this experience
Speaker 2: to their main job, which obviously subsequently improved job performance,
Speaker 2: which is kind of cool and interestingly because you know,
Speaker 2: in so many people's employment contracts it says you can't
Speaker 2: have another job like teak it out. Yeah, absolutely, it
Speaker 2: says you can't have another job without written like approval
Speaker 2: and approval or permission from your employer. But that actually
Speaker 2: might make you a better employee. That's weird, kind of cool,
Speaker 2: kind of interesting not to see how the world is
Speaker 2: changing as well, But it makes sense if you distill
Speaker 2: it down, like, gee, if you're having to prioritize your
Speaker 2: full time work and then this side hustle that you're
Speaker 2: doing and balance it all, like you probably can find
Speaker 2: a better equilibrium than just like being on the nine
Speaker 2: to five Monday to Fridagrant, I actually definitely agree with that.
Speaker 2: I of a story hustle.
Speaker 4: Yeah, but I love having a full time job and
Speaker 4: then doing shese on the money and then having copywriting
Speaker 4: like you're busy, but it keeps things interesting.
Speaker 2: Yeah, and I think it's really important find those things that,
Speaker 2: as I said before, nurish you, yeah, and actually align
Speaker 2: to your values and keep you engaged, like that's what
Speaker 2: life's about.
Speaker 4: Right on that inspirational note, V, let's head to a
Speaker 4: little break. But on the other side, we are going
Speaker 4: to be talking about all the tax implications.
Speaker 2: So don't go anywhere, guys.
Speaker 4: Already, guys, we are back. But before we go any further,
Speaker 4: we're actually going to have a little listen to a
Speaker 4: chat V that you had with your mate Tiffany.
Speaker 2: All right, we are going to talk about TIF the
Speaker 2: time you found yourself in a bit of a tax pickle. Yes,
Speaker 2: can you tell us about what happened? Well, I was
Speaker 2: Uber driving. I had lost my job. I needed a
Speaker 2: new job. Uber seemed like the way to go. It's
Speaker 2: pretty convenient. It is very convenient.
Speaker 5: I had just got myself a new car, so I'm like, oh,
Speaker 5: this will be a really great way to also help
Speaker 5: pay off my car. So I was Uber driving probably
Speaker 5: full time for about four or five months. And when
Speaker 5: I say full time, I mean I was doing it
Speaker 5: as a nine to five. So I would get up,
Speaker 5: I will jump in my Uber and I will drive
Speaker 5: from nine and full five.
Speaker 2: Oh, I didn't realize it was that much.
Speaker 5: Yeah, well, because I wanted it to substitute a full
Speaker 5: time job, you can make sense. Also then got the option,
Speaker 5: I guess of doing on the weekends or after hours.
Speaker 5: All we can do whenever you want, right, Yeah. I
Speaker 5: wanted it to kind of fit in with my day.
Speaker 5: And then also I could like go to interviews and
Speaker 5: do all of those kind of things in order to
Speaker 5: get myself an actual job which wasn't.
Speaker 2: Hustle material driving.
Speaker 5: I love it, yeah, yeah, but in order to make
Speaker 5: money from me, but you also need to work the
Speaker 5: hours like it. You can't just jump on for a
Speaker 5: couple of hours and expect to make bank. Yeah, Like
Speaker 5: I was working twelve hour days in order to make
Speaker 5: like six hundred dollars a week.
Speaker 2: Oh my gosh, So it is yeah, right, So it
Speaker 2: was a bit of a pickle. It was a bit
Speaker 2: of a pickle.
Speaker 5: So I was doing it, yeah, for full time for
Speaker 5: about four or five months, and then I got a job,
Speaker 5: so then I stopped doing it full time, and then
Speaker 5: I was just doing it on the weekend to make
Speaker 5: a little bit of extra cash, which is helpful, which
Speaker 5: is helpful.
Speaker 2: Yeah, but that wasn't the pickle. That was a dream experience.
Speaker 2: That was that was great. Look, I've got a side hustle.
Speaker 2: I've made money. In the interim. It was the taxi
Speaker 2: past guy. You went and got an accountant.
Speaker 5: Yes, who my partner was seeing and how seen before?
Speaker 5: So I assumed that they were legitimate.
Speaker 2: Yep.
Speaker 5: Great, And I told them that I was uber driving
Speaker 5: and she was like, how much money have you made?
Speaker 5: And I was like, oh, about four five thousand dollars
Speaker 5: not a lot. Yeah, And she's like, oh, okay, no
Speaker 5: need to worry. I'm like, what do you mean, no
Speaker 5: need to worry. She's like, oh, it's less than ten
Speaker 5: thousand dollars, so we can mark it down as a
Speaker 5: hobby activity.
Speaker 2: I'm like, oh, hang on you that sounds like a
Speaker 2: good money. This sounds great.
Speaker 5: I'm like, oh, so I've just made five thousand dollars
Speaker 5: that I don't have to declare that I don't have
Speaker 5: to pay tax on because it's less than ten thousand
Speaker 5: dollars and I can claim it as a hobby. I
Speaker 5: was really nervous about that because I had not heard
Speaker 5: about that happening at all, yeah.
Speaker 2: I didn't know anyone else who was in that situation.
Speaker 5: So I asked the tax agent repeatedly, maybe four or
Speaker 5: five times during our qu stock together, are you sure
Speaker 5: I don't have to claim this? I planned to exactly,
Speaker 5: and she's like, no, no, no, it's fine, you don't
Speaker 5: have to claim it at all. I'm like, great, Okay,
Speaker 5: five thousand dollars in my pocket.
Speaker 2: Money win claim form went through time, went through ELDR.
Speaker 5: Not a money win, not a money win. And it
Speaker 5: wasn't until twelve months later. I think it was that
Speaker 5: the ATO got in contact with me and you got
Speaker 5: udited to No, I did get audited, and they're like,
Speaker 5: you've been uber driving and you didn't declare any extra
Speaker 5: earnings that you received whilst uber driving, and I panicked
Speaker 5: you did.
Speaker 2: And that's where I got to learn about this situation.
Speaker 2: And I was like, Tiffany, what have you done? And
Speaker 2: it wasn't a bad thing, especially once you'd explained it
Speaker 2: to me. It was actually just bad advice that you'd
Speaker 2: been given because I wasn't in the wrong. No. But
Speaker 2: at the end of the day, the thing that was
Speaker 2: really frustrating was you got your tax returned down and
Speaker 2: you signed off on it. And when we went back
Speaker 2: to that accountant, because I said, look, let me help
Speaker 2: you sort this out. I sat you down, we went
Speaker 2: through it all. I had to look at your bass
Speaker 2: and you know, worked out what tax you should have
Speaker 2: paid because the ATO was obviously wanting you to pay that.
Speaker 2: We had a chat with the ATO and negotiated our
Speaker 2: way out of it. We didn't have to pay any penalties,
Speaker 2: which was a money win. We did have to pay
Speaker 2: the tax though. Went back to the tax agent. She
Speaker 2: was like, not my circus, not my monkeys. You signed
Speaker 2: your tax return. It is your problem, it is not
Speaker 2: my problem.
Speaker 5: And now she's no longer in business, surprise rising.
Speaker 2: But I wanted to have this conversation because it's one
Speaker 2: thing for me to do a podcast and go, hey guys,
Speaker 2: this is really important. But from your perspective, you thought
Speaker 2: you did absolutely everything right.
Speaker 5: And on that, how do we know, Like if we
Speaker 5: are going to somebody and we are trusting that they
Speaker 5: have the right information because we're paying them for a service,
Speaker 5: they're the person that has the knowledge what happens. Because
Speaker 5: we can't trust them, who can we trust? Where do
Speaker 5: we get this information from?
Speaker 2: And I think that that's the big question here, and
Speaker 2: it's not necessarily about not trusting your accountant. That's not
Speaker 2: this segment at all. But I really would urge you
Speaker 2: to make sure that whatever accountant you're using, you're making
Speaker 2: sure that they're a CPA or a CA and that
Speaker 2: they are qualified to do what they do. But also
Speaker 2: knowing that your gut feeling, because TI if you were
Speaker 2: telling me, like you knew you shouldn't have been doing this,
Speaker 2: but you were like, no, she's aational, she did it,
Speaker 2: you signed off on it, and it was all good.
Speaker 5: You told me that you're second guessing the situation. You're
Speaker 5: obviously second guessing for a reason, aren't you, And you
Speaker 5: probably should maybe get a second opinion then.
Speaker 2: Exactly, and we don't have to pay for that second opinion.
Speaker 2: You can actually call the ATO and ask them any question.
Speaker 2: You can call them and be like, hey, I'm doing
Speaker 2: my tax return. I'm so sorry to annoy you. I
Speaker 2: did some uber driving. Do I need to declare it?
Speaker 2: And they will say hard and fast yes, because that's
Speaker 2: actually a job, whereas there is and I'm not giving
Speaker 2: tax advice here. You do need to talk to your
Speaker 2: tax accountant. But when you do declare things. Sometimes they
Speaker 2: feel like doing some crochet blankets. You made fifty bucks
Speaker 2: here and there by selling them to your friends. The
Speaker 2: eater is like, no, keep that money, like that's actually
Speaker 2: a hobby, that's just you doing it. So there is
Speaker 2: actually there is actually clause. There is actually a hobby
Speaker 2: clause in your tax return where you don't have to
Speaker 2: declare some earnings from genuine hobbies. But I think that's
Speaker 2: very different than going and trying to earn an income
Speaker 2: and actually setting yourself up because you would have had
Speaker 2: to set yourself up with the TFN through Uber.
Speaker 5: Right, yes, yes, And I need to register myself to
Speaker 5: as a sole trader, so I had an abnyah that
Speaker 5: I had to input in. So I was working for
Speaker 5: myself or self employed, I guess.
Speaker 2: But deep down you knew that you shouldn't have been
Speaker 2: doing it, and it was just something where you trusted
Speaker 2: the person to do the right thing. And from my perspective,
Speaker 2: I think the important thing here isn't about going, oh
Speaker 2: my god, here we are to talk about Uber. It's
Speaker 2: actually just trust your gut, like do the right thing,
Speaker 2: declare the things that you have to declare, and if
Speaker 2: you're in a bit of a pickle over declare yes
Speaker 2: over toclaire. You would much prefer to say, hey, I
Speaker 2: made fifty bucks from crocheting some blankets or selling some
Speaker 2: doll house furniture I made and put on Facebook marketplace
Speaker 2: during lockdown, which I had a friend do. I got
Speaker 2: wildly successful. By the way, I think that borderline might
Speaker 2: not actually be a hobby for her, it's now it's
Speaker 2: now her job. It's now a full blown job. But
Speaker 2: it's about trusting your judgment and trusting your gut, and
Speaker 2: noting that there are other resources to look at, Like
Speaker 2: the ATO posts so much information about what you can
Speaker 2: and can't declare every year. Smarter Money puts some information
Speaker 2: on their website about what you can and can't claim,
Speaker 2: Like there's so much stuff out there. So regardless of
Speaker 2: whether you're using a tax agent to do your tax
Speaker 2: return this year or you are doing it yourself, I
Speaker 2: think it's just hard and fast. Be truthful. They don't lie,
Speaker 2: don't claim things that you aren't meant to claim, because nowadays,
Speaker 2: it's not the nineteen sixties anymore, where they just can't
Speaker 2: prove it, and if they order you, you've got to
Speaker 2: go find all your paper receipt to have receipts for everything.
Speaker 2: Now in twenty twenty two, everything's data matched. The ATO
Speaker 2: knows they have access to your bank accounts. It's kind
Speaker 2: of worderline terrifying. At the same time, as for me
Speaker 2: as a financial advice I kind of love it because
Speaker 2: I'm like, how easy the data matching here is absolutely fantastic.
Speaker 5: If you're a PERV anyway with all money pack.
Speaker 2: Yeah, and I don't mind. And I mean I have
Speaker 2: a legitimate business, so I'm like, what am I hiding?
Speaker 2: What are you going to see that I do some
Speaker 2: financial advice? Wow? Revolutionary. So I'm not worried about it.
Speaker 2: But I think the real question here is if you
Speaker 2: are worried about it, like be doing the right thing
Speaker 2: or ah. Anyway, Tiff, let's go have coffee because we
Speaker 2: should get back to the actual show. Sounds amazing. V.
Speaker 2: That was a horror show, Mate. It was a little
Speaker 2: bit of a mess, a little bit of a night mass.
Speaker 2: I feel really bad because Tiff is one of my
Speaker 2: greatest friends. Yeah, but also just that she puts so
Speaker 2: much trust in an accountant that did the wrong thing
Speaker 2: by her. How can they give you the wrong advice. Look,
Speaker 2: I think she just you don't know what you don't know,
Speaker 2: and that's why it's really important to kind of second
Speaker 2: guess things and go with your gut and understand. You
Speaker 2: know that you can seek a second opinion or a
Speaker 2: third opinion or whatever you want to do. And at
Speaker 2: the end of the day, she did end up in
Speaker 2: a better position. We were able to liaise with the
Speaker 2: ATO and talk to them about it and they were like, Okay, cool,
Speaker 2: no problems, we can see how this went wrong. Let's
Speaker 2: just clean it all up. And we did and it
Speaker 2: was fine. But it's one of those things that it's
Speaker 2: just really stressful, and I really wanted to include that
Speaker 2: in today's show because it's not just me going this
Speaker 2: is important. It's me going, hey, here's a very real,
Speaker 2: very true example from someone who is very deeply ingrained in.
Speaker 2: Now she's on the money community. You've probably sent on
Speaker 2: every money win thread ever because she always has great
Speaker 2: money wins and it's so rude, but it's one of
Speaker 2: those things where just listen to Tiff, this is her story,
Speaker 2: this is how it works. These are real people from
Speaker 2: our real community who are going through things that you
Speaker 2: could avoid just by listening to a podcast.
Speaker 4: Does the accountant coop anything or are they covered by
Speaker 4: an insurance?
Speaker 1: No?
Speaker 2: No, no, no. So when you sign off on your tax
Speaker 2: return g you're taking responsibility. So even though your accountant
Speaker 2: prepared it in full and is being paid and is
Speaker 2: being paid for that service, you then got given your
Speaker 2: tax return paper, you would have reviewed it and signed it,
Speaker 2: and that's then you taking complete responsibility for it. So
Speaker 2: there's no responsibility on that accountant. From my understanding, that
Speaker 2: accountant is no longer an accountant. So don't worry you, guys,
Speaker 2: we were completely safe from that one. But it's just
Speaker 2: so important to remember that at the end of the day,
Speaker 2: the buck actually stops with you. You can't just outsource
Speaker 2: it to an account and be like whatever, it'll be fine, Like, yes,
Speaker 2: it usually ninety nine point nine five percent of the
Speaker 2: time is. But it's always about trusting your gut and
Speaker 2: if you don't feel right about something, which you heard
Speaker 2: from Ti. If she didn't feel right, but she was like, oh,
Speaker 2: she would know, like she's an accountant. When it finally
Speaker 2: came back to bite her, thankfully she had me who's
Speaker 2: not an accountant but knows. Okay, let's just deal with this.
Speaker 2: And we did end up getting another account involved and
Speaker 2: getting it all cleaned up, and it was so fine.
Speaker 2: But it's one of those things where that was really
Speaker 2: stressful and you can avoid that. Yeah, brilliant.
Speaker 4: Okay, Phee, Let's move on and talk about some intimidating things.
Speaker 4: I'm talking bass, I'm talking GST, sexy. What point in
Speaker 4: our journey do we need to register for GST and
Speaker 4: how much should we be putting aside?
Speaker 2: All right, let's start with how much you should be
Speaker 2: putting aside, and a general goal or rule of thumb
Speaker 2: is usually between twenty and thirty percent of your income
Speaker 2: to a second bank account for tax in GST. So
Speaker 2: GST is ten percent. It is goods and services tax,
Speaker 2: And from my perspective, it's very left pocket right pocket,
Speaker 2: Like if you are charging GST, you just put that
Speaker 2: money aside and then it goes and gets paid. And
Speaker 2: then if you are paying GST, you put that aside
Speaker 2: and it gets reclaimed. So it's very left pocket, right pocket.
Speaker 2: But it can feel like a lot. But a lot
Speaker 2: of small businesses don't register for GST up front. They
Speaker 2: actually register for it once they hit that seventy five
Speaker 2: thousand dollars turnover point. So that's the point at which
Speaker 2: you need to register for GST, but you can actually
Speaker 2: charge GST from day dot if you register and you
Speaker 2: want to start charging it, which for a lot of
Speaker 2: small businesses they do lean into that because then there's
Speaker 2: no like, once you hit a certain amount of revenue,
Speaker 2: they don't have to reset expectations. With excietly and with freelancers,
Speaker 2: this can actually lean into being quite a good way
Speaker 2: to like establish reliability in a way, like if you're
Speaker 2: charging GST, your client's automatically going to assume you earn
Speaker 2: more than seventy five thousand. Yes, it also means that
Speaker 2: once you do hit that mark, you don't have to
Speaker 2: re establish with a client and be like, hey, client,
Speaker 2: just so you know, next month's invoice is going to
Speaker 2: have an additional ten percent on it, because to the
Speaker 2: client that just feels like they're paying an extra ten
Speaker 2: percent and they're being like negatively impacted, Whereas sometimes people
Speaker 2: might want to set that expectation from the very beginning
Speaker 2: and it's all very easy. So I think it's about
Speaker 2: understanding what that means. I would also here plug my
Speaker 2: other podcast to the business Bible. If you haven't already
Speaker 2: listened to that, and you are a side hustler, or
Speaker 2: a small business owner, or even a big business owner,
Speaker 2: I would say that that's a very good place to start,
Speaker 2: because not only do we go through all of those
Speaker 2: structures and what your obligations are, but there is a
Speaker 2: specific episode where I actually go through my personal banking
Speaker 2: structure and explain which bank accounts I have, why and
Speaker 2: how much are money I put in each of those.
Speaker 2: And I think that that can be quite powerful, because
Speaker 2: if you have the right structure set up, your business
Speaker 2: flows so much easier. George, Like, if you're a small
Speaker 2: business owner and you only have one account and all
Speaker 2: your money comes in there, and you're paying your GST
Speaker 2: and your BASS, and you're paying your salaries and you're
Speaker 2: paying for all your expenses from that, it can get
Speaker 2: quite murky. Whereas if we have a few different accounts
Speaker 2: and we're actually putting thirty percent of our income into
Speaker 2: there for tax. When tax time comes, not only do
Speaker 2: we have enough money to pay tax and we don't
Speaker 2: have to blink an eye, but usually there are refunds
Speaker 2: on top of that, so we end up in a
Speaker 2: better position where tax time comes and it's not as
Speaker 2: painful as it could be. In fact, you're kind of
Speaker 2: looking forward to tax time because you know there's probably
Speaker 2: a bit of a refund there and you're like, oh,
Speaker 2: if I get that done, like everything will be much
Speaker 2: easier and I'll probably have a few grand in my
Speaker 2: back pocket that I could spend on something else. So
Speaker 2: I think it's important to understand what that means and
Speaker 2: how it works. But to add to that, if you're
Speaker 2: a taxi driver or an uber driver, you actually charge
Speaker 2: GST the entire way, regardless of what you have ever earned.
Speaker 2: And then if you're a nonprofit organization with an annual
Speaker 2: turnover of more than one hundred and fifty thousand, that's
Speaker 2: your GST thresholds instead of the seventy five. And then
Speaker 2: if you're a business and you are a bit smaller
Speaker 2: and you're like, yes, but v I also want to
Speaker 2: claim fuel tax credits, you do have to be registered
Speaker 2: for GST. And then international retailers with Australian sales of
Speaker 2: more than seventy five thousand also fall into that bucket
Speaker 2: as well. So as I said before, if your annual
Speaker 2: turnover is under that threshold, you can still register if
Speaker 2: you want. There are obviously benefits for it, but the
Speaker 2: thing I would do is actually just chat to your
Speaker 2: accountant about what structure would work for you. And if
Speaker 2: you are a small business owner, even just sitting down
Speaker 2: with an accountant as a big one, so off like,
Speaker 2: how do I do this? What does this look like?
Speaker 2: It's going to pay dividends? I promise it will be
Speaker 2: a very important meeting. Are there any other benefits to
Speaker 2: registering v lord? Look, once you're registered for GST, you
Speaker 2: don't actually pay GST on business expenses, so that's where
Speaker 2: I said, it's like left pocket, right pocket. If you're
Speaker 2: registered for it, you can claim it, which is kind
Speaker 2: of cool. So you'll still get charge GST on invoices
Speaker 2: and you'll still have to pay it. But when tax
Speaker 2: time comes and you file your tax return with the ATO,
Speaker 2: you get that back, so that's kind of cool. And
Speaker 2: what do I need to register? You need an ABN,
Speaker 2: my friend to an Australian business number. However, if you're
Speaker 2: registering as company, then you'll need an Australian company number,
Speaker 2: which is called an ACN before you apply for an ABN,
Speaker 2: and then after GST registration, all you need to do
Speaker 2: is add GST to the prices that you are charging,
Speaker 2: issue tax invoices to your customers, keep receipts and invoices
Speaker 2: to claim back all the GST that you've paid on
Speaker 2: business expenses that year, and then submit a business act.
Speaker 2: We're going pretty deep into the business Bible side of things,
Speaker 2: So let's move to the next question again. If you
Speaker 2: haven't listened to the Business Bible, I absolutely would because
Speaker 2: I'm really biased. I thought it was great. It certainly
Speaker 2: was also coming back. So is it when probably later
Speaker 2: this year, wonderful once I've got the property playbook under
Speaker 2: control and that one's back perfect. Just a few things
Speaker 2: the Queen of biting off more than I can say.
Speaker 2: I mentioned bass earlier, but I didn't know what it meant.
Speaker 2: Bass is sexy. What is it? It is a business
Speaker 2: activity statement. So a business activity statement is a form
Speaker 2: that you fill out between one and twelve times a year.
Speaker 2: So it completely depends I do bass and I do
Speaker 2: bam bass quarterly, so that means that I do four
Speaker 2: bass statements each and every single Yeah, And it really
Speaker 2: depends on your business side as to how often you
Speaker 2: do this and when you do this. But basically The
Speaker 2: ATO uses the information that you provide on your bas
Speaker 2: to work out how much GST you might have to
Speaker 2: pay or how much or of a refund you might get,
Speaker 2: and it's also used for like pay as you go
Speaker 2: tax So for all of my employees, it means that
Speaker 2: I get to say to the ATO a few times
Speaker 2: a year, this is what I've done, This is how
Speaker 2: much money I'm earning, this is how much money is
Speaker 2: coming in and out, and how it works, which means
Speaker 2: I can be more on top of my tax. So
Speaker 2: I don't just wait until June thirty to do a
Speaker 2: big tax refund or a big tax submission. I actually
Speaker 2: do it throughout the year, and it means I actually
Speaker 2: pre pay a lot of my tax and then we
Speaker 2: do a big kind of audit at June thirty and
Speaker 2: go did I pay the right amount? Is there anything
Speaker 2: I need to make up? Or do I get a refund?
Speaker 2: So for me, I personally quite enjoy a BUS and
Speaker 2: I enjoy it because I feel like I'm on top
Speaker 2: of my business consistently. But I also really enjoy it
Speaker 2: because it means that I don't just get a really
Speaker 2: big tax bility the end of the year.
Speaker 4: I just realized that I do use BASS. I pay quarterly,
Speaker 4: you pay quarter go she's on the money, check you out,
Speaker 4: lordy lord, So what information do I need for my bass?
Speaker 2: So you'll need to collect a record of how much
Speaker 2: GST you collected on sales and how much was paid
Speaker 2: on purchases. You won't need to submit your taxing voices
Speaker 2: when you lodge your bus. You just need to kind
Speaker 2: of like have them on hand, so it's not as
Speaker 2: official as a tax return. It's not like you're doing
Speaker 2: that all the time. You're just letting them know how
Speaker 2: many dollars you've made and vice versa, and the ATO
Speaker 2: might us to see them later. As we said, don't
Speaker 2: claim things that you haven't actually done. But because your
Speaker 2: bus is usually used for other tax reasons, you're probably
Speaker 2: going to need to pride extra information on your business.
Speaker 2: You income, any employees, and it's linked to the ATO
Speaker 2: and stuff. So it's actually, I think it's pretty cool.
Speaker 2: I think it's pretty sexy. This is pretty business focused.
Speaker 2: But I hope that even if you're not a business owner,
Speaker 2: you listen to this and you're like, oh, that's kind
Speaker 2: of cool that businesses have that flexibility to like pay
Speaker 2: tax more consistently so that they don't end up really
Speaker 2: overwhelmed at tax tax. And it's kind of.
Speaker 4: Cool, absolutely and just really important to remember that if
Speaker 4: you are starting a side hustle that you need to
Speaker 4: pay tax on it.
Speaker 2: Yeah, and there's lots of different structures that can actually
Speaker 2: help you and support you and make sure that it's
Speaker 2: not all overwhelming at tax time like the business by
Speaker 2: Bok Go Go Go my friends, stunning faith. Let's leave
Speaker 2: it there. Oh my god, Well, I guess that's all
Speaker 2: we have time for today, So can you wrap the
Speaker 2: boring but important stuff?
Speaker 4: The advice shared on She's on the Money is general
Speaker 4: in nature and does not consider your individual circumstances. She's
Speaker 4: on the Money exists purely for educational purposes and should
Speaker 4: not be relied upon to make an investment or a
Speaker 4: financial decision. Never and we promise Victoria Divine and She's
Speaker 4: on the Money are authorized representatives of in Focused Securities
Speaker 4: Australia Before to Limited ABN four seven zero nine seven
Speaker 4: seven nine seven zero four nine AHSL.
Speaker 2: Two three six five two three. We'll see you on Friday, guy,
Speaker 2: I'd see Lady j Sorriah wasn't paying attention to that
Speaker 2: I just realized I had food on my top to
Speaker 2: see it A Friday bye