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Speaker 1: My name's Sasha Bamblet. I'm a proud First Nations woman

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Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya, Niana,

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Speaker 1: Kaka yah y and Binahaka Nian our gay In Mbini

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Speaker 1: yakarum Jar Dominyamiga Umagahawaka Woman, Damon Imlan Bomba ban Gadabomba

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Speaker 1: in and now in wakah ghan On yak rum Jar

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Speaker 1: water Nadaa. Hello, beautiful friends, we gather on the lands

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Speaker 1: of the Aboriginal people. We thank acknowledge and respect the

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Speaker 1: Abiginal people's land that we're gathering on today. Take pleasure

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Speaker 1: in all the land and respect all that you see.

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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,

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Speaker 1: bringing you the tools, knowledge and resources for you to thrive.

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Speaker 2: She's on the Money. She's on the Money.

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Speaker 3: Hello and welcome to She's on the Money, the podcast

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Speaker 3: that makes personal finance fun, especially on Fridays. It is

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Speaker 3: our favorite day of the week where we get to

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Speaker 3: get our team together to celebrate you our incredible.

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Speaker 4: She's on the Money community.

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Speaker 3: Miss jessic Rici is going to be sharing her favorite

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Speaker 3: money wins and Becky's back for a little cameo this

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Speaker 3: week in between her little time off. Becky, You've got

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Speaker 3: a number of broke tips for us, which are going

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Speaker 3: to be very good. I feel like we've missed you

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Speaker 3: for a few weeks. You're back for a week, then

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Speaker 3: you're going to go away for another few weeks, but

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Speaker 3: we will get her back.

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Speaker 4: Don't worry, don't worry.

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Speaker 3: And we'll be helping to answer a money dilemma, whethernovated

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Speaker 3: leases are a good idea when it comes to car financing,

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Speaker 3: and something usefully into our dms about this week, whether

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Speaker 3: you should stick at a job because of its earning

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Speaker 3: potential or leave and chase your dreams. God, how have

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Speaker 3: your week's been thus far?

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Speaker 4: A lovely week.

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Speaker 5: I feel like I've been such a downer lately, so

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Speaker 5: I have to say I'm having a delightful week, a

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Speaker 5: lovely day. It's just been very fun and nice and

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Speaker 5: I'm so happy to be here with my friends and

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Speaker 5: I'm just having a great time.

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Speaker 6: Oh you well, I just want to say, really, Qually,

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Speaker 6: you can have it down a week as many weeks

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Speaker 6: as you like.

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Speaker 4: Thank you. You know, sometimes like you feel like you're.

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Speaker 6: You've been down for a certain amount of days and

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Speaker 6: you don't feel not down anymore, be like, well.

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Speaker 4: Peeple probably think of it.

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Speaker 6: But now I'm going to try and be happy. But

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Speaker 6: you can be as down as you like and be

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Speaker 6: just I would like you to not feel down.

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Speaker 4: No, I've had a had like.

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Speaker 6: A normal week, Like it's like not been very eventful.

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Speaker 6: I'm officially unemployed, so if anyone has any jobs going,

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Speaker 6: let me know. And other than that, I had to

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Speaker 6: have a colonoscopy at started the week, which is.

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Speaker 3: I feel like I always say it's like scary, but

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Speaker 3: it's actually not a like once you're done and you're like, oh,

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Speaker 3: there's free sandwiches, totally, Yeah, it's.

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Speaker 4: Just being chill.

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Speaker 3: I love that you love that, oh honestly, live, love laugh.

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Speaker 3: I feel like what you have had a good week.

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Speaker 3: I know you've got a money when coming up because

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Speaker 3: we also got spoil so like that made my week

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Speaker 3: very very good. And I'll leave that to you because

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Speaker 3: I know you were like can I tell them? And

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Speaker 3: I was like, oh, I'm a jealous, but yes of course.

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Speaker 3: But what I do get to share, hopefully is a

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Speaker 3: five star review. Would you guys like to hear it?

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Speaker 4: Yes?

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Speaker 2: Please?

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Speaker 4: Okay, so this one is from Beagles. Oh cute name.

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Speaker 3: I hope you have beagles use the name, and they

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Speaker 3: said inspiring. I've been trying for years to get my

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Speaker 3: act together with money and just listening to the money

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Speaker 3: diaries and becks broke tips. I have finally started making

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Speaker 3: steps towards getting out of debt and being financially free

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Speaker 3: to treat my family.

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Speaker 4: Lovelya I love you Beagles. Such a cute name.

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Speaker 3: Beagles feels like an illegally cute dog name, and it

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Speaker 3: sounds so close to Beagel, like I would love to

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Speaker 3: meet legal the Bagel. Yeah, I know that's I would

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Speaker 3: love to meet a beagle called Bagel. I feel like

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Speaker 3: that is good. But I also just really love knowing

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Speaker 3: people's dogs names. So the other day I saw in

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Speaker 3: the Facebook group that people were leaving photos of their

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Speaker 3: pets and they're like, oh pet for pet tags, and

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Speaker 3: I'm like, sorry, introduce your animal.

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Speaker 4: What is their name, how old are they, what are

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Speaker 4: their interests?

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Speaker 3: Full bio, what are they good at? What are their

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Speaker 3: hidden talents? Anyway, I need to know all of that.

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Speaker 3: And also, guys, we get a massive kick out of

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Speaker 3: reading your five star reviews. So if you haven't left

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Speaker 3: one and you've been thinking about it. Now's the time

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Speaker 3: because we would love our egos to be stroked. And honestly,

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Speaker 3: every time you leave a five star review, it really

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Speaker 3: helps the algorithm on the podcasting platforms pick it up

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Speaker 3: and serve it to new people who might also love

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Speaker 3: the podcast.

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Speaker 4: Repeat you, Yeah, exactly.

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Speaker 3: So, guys, would you like to get into it because,

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Speaker 3: as I said before, Jess has a really fun money win.

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Speaker 3: That's like, I don't know a team money yeah, but

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Speaker 3: yess what have you got from the community?

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Speaker 4: First?

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Speaker 5: Alrighty, so, first from the community, I've got a money

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Speaker 5: win from Ashley. You said she cracked six figures for

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Speaker 5: the first time at this financial year. We had a

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Speaker 5: couple of other girlies, Evelyn and Carly commented underneath and

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Speaker 5: said they did too.

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Speaker 4: That's sick.

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Speaker 5: I just wanted to say, that's so exciting. Congratulations, guys, congrats. Next,

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Speaker 5: I've got a money win from and she said she

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Speaker 5: modeled some nursing scrubs for a photo shoot in exchange

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Speaker 5: for a pair of scrubs of her choice and a

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Speaker 5: two hundred and fifty dollars ature. She said it was

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Speaker 5: a really fun experience. It only took a couple of

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Speaker 5: hours and it boosted her confidence. Plus now she has

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Speaker 5: really fun scrubs to where at work money scrub like.

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Speaker 4: I love seeing it.

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Speaker 5: Yeah, I love being at a supermarket and seeing someone

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Speaker 5: who's finished a shift or whatever and they're in there

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Speaker 5: like cute little scrub.

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Speaker 4: Yeah, totally, you have got your shit together.

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Speaker 3: And I hope someone gives you a free coffeevering scrubs.

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Speaker 4: You deserve, ye redeserve. Yeah.

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Speaker 5: Next, I've got a money lost this week from Charlotte

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Speaker 5: who said unfortunately she was having the worst day and

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Speaker 5: then smashed her car side mirror onto a pole. She

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Speaker 5: called the mechanic to have it fixed and it'll be

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Speaker 5: fifteen hundred dollars, which I'm so sorry that happened to you.

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Speaker 5: But the girlies came through because there were lots of

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Speaker 5: comments under Charlotte's where people said, have you tried looking

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Speaker 5: to see if you can replace the part yourself?

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Speaker 4: Have you done this? Have you done that?

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Speaker 5: And then Charlotte eventually said, oh, I've realized I was

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Speaker 5: very stressed in the moment, but I think I can

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Speaker 5: just replace a small portion of the mirror and that's

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Speaker 5: going to be a lot more cost effective.

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Speaker 4: Totally.

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Speaker 6: I did that literally the other day. It cost me

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Speaker 6: forty bucks to get a new mirror ship. Really, and

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Speaker 6: I don't, like, I don't fifteen hundred, I'm like crazy.

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Speaker 5: Somebody did say that their partner is a mechanic, and

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Speaker 5: that is kind of a going ray if I'm assuming

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Speaker 5: maybe if you have a fancy one or something. I

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Speaker 5: don't know sure, but yeah, always looking to you if

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Speaker 5: you can do it yourself, because a few little comments

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Speaker 5: and Charlotte's just saved herself presumably.

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Speaker 4: Quite a lot of money. Yeah.

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Speaker 5: And then lastly, this week, I've got no money in

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Speaker 5: from Hannah who said money win. Have you found a

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Speaker 5: much cheaper flight back from his trip to Brazil And

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Speaker 5: as a result, he's stopping over in Greece for a

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Speaker 5: few days. I just wish I was there with him

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Speaker 5: to enjoy it. That would be so cool. Yeah, I like,

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Speaker 5: that's such a good little travel tip, like just stop

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Speaker 5: over somewhere for a couple of days if you can,

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Speaker 5: you might what you would spend on the flight, you

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Speaker 5: could just spend in a different country.

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Speaker 4: True, you know, that's very true.

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Speaker 5: And then my money in for the week, we had

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Speaker 5: a little team treaty this week. I wanted to see

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Speaker 5: it because I think it's so good. You guys, if

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Speaker 5: you follow it on Instagram, you might have seen. We're

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Speaker 5: working with Loxtan, which is delightful because we've discovered arguably

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Speaker 5: the best life hack ever. You pay sixty dollars, you

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Speaker 5: go in, you get a little facial forty five minutes,

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Speaker 5: totally customized to you. They check your skin, they did

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Speaker 5: our moisture, they did that.

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Speaker 4: We all did this by the way. Oh yeah, Becky,

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Speaker 4: your first facial.

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Speaker 6: First, and it's not going to be my last, that

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Speaker 6: is for sure.

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Speaker 7: I was.

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Speaker 4: It was so gorgeous, just tell us more. Sorry. It

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Speaker 4: was like a little group family trip. It was a

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Speaker 4: lovely outing.

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Speaker 5: So you have your console and then you get a

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Speaker 5: little instore facial in their beauty pod. They run you

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Speaker 5: through all of their gorgeous products and.

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Speaker 4: The ghost was so nice. Literally, I was like, can

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Speaker 4: we be friends after this?

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Speaker 5: I'm obsessed with the girls, like they may. The experience

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Speaker 5: so incredible, and then you've paid for your facial. You've

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Speaker 5: had you facial. When you leave, you can redeem it

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Speaker 5: on face care products.

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Speaker 3: Which was my favorite part because I don't know about

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Speaker 3: you about halfway through the facial they were like using

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Speaker 3: this product and thetel yes, absolutely, and they are like

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Speaker 3: putting this all over my face and like they have

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Speaker 3: magic fingers like girls who do facials like your hands

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Speaker 3: are next level.

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Speaker 4: I was like, what is that? What can I smell?

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Speaker 4: Why is it so good? Yeah? And I got to

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Speaker 4: take it home with me.

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Speaker 5: What a good money win, Like you're basically redeeming exactly

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Speaker 5: what you spent on the facial for the product, which

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Speaker 5: I think is such good value. You can only do

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Speaker 5: it the day of will pop all the information in

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Speaker 5: the description bucu it selects stores.

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Speaker 3: But yet not all of them have the little facial bus,

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Speaker 3: so like you can't just pop into any but like

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Speaker 3: the ones that do are next level. Is so good,

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Speaker 3: perfect little lunch break treat and beck you learn how

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Speaker 3: to say locksit on.

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Speaker 4: So that's so good money win as well.

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Speaker 6: I fear because I feel like, so if for those listening,

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Speaker 6: if you don't know what locks of Tan is, you

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Speaker 6: do know what locks of Tan is? I was saying

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Speaker 6: locatine because it's l O C C I T A

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Speaker 6: N e yes, but it's pronounced locks of tan.

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Speaker 4: Oh my gosh, he will Oh my goodness, it was

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Speaker 4: so gorgeous. Was like the perfect amount of time.

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Speaker 6: I thought I would get like really shy and like awkward,

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Speaker 6: but it was like so good, like they're so good

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Speaker 6: at it. And I actually ended up being like messaging

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Speaker 6: everyone all my friends being like I need to give

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Speaker 6: you a facial because like it was such an experience.

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Speaker 6: I felt so zen after. It was just so nice.

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Speaker 3: I think my favorite thing was because we were like

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Speaker 3: snooping around well, Beck had her facial, like her laying

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Speaker 3: in her chair with her like headband on.

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Speaker 4: She looked so zen too, like it looked.

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Speaker 3: I was like, sure, right, she looks like out of it,

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Speaker 3: but she had a good time. Yeah, and like what

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Speaker 3: a good intro facial as well, because it's not like

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Speaker 3: a massive two hour thing that you have to can.

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Speaker 4: To a crazy expensive sixty dollars is so cheap.

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Speaker 3: I just feel like that's a really nice, like I

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Speaker 3: don't know, a gateway facial.

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Speaker 4: Oh yeah, because.

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Speaker 3: Like now you're probably like, oh, I definitely do it again.

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Speaker 3: I don't think I could have convinced you to go

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Speaker 3: to a massive salon and like booked in for a

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Speaker 3: big deal.

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Speaker 6: No, But it was holistically like so I was just

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Speaker 6: so then I'm so excited.

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Speaker 4: I actually want to go back after this.

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Speaker 3: And I mean, you know what was also really good

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Speaker 3: while you were having your facial, just and I went

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Speaker 3: and got your cheese.

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Speaker 4: So that was winds around.

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Speaker 3: All right, enough talking about how we got facials, because

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Speaker 3: I don't know if that's a broke tip. It's definitely

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Speaker 3: a money with the money win, but like maybe it's

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Speaker 3: a broke tip as well.

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Speaker 4: I did say get your bus to pay for your facial.

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Speaker 3: Money, you also broke tip. You get the facial and

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Speaker 3: then use the products as.

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Speaker 4: A kid for your mum. Jees goodness, Sorry, I won't

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Speaker 4: take your broke tips.

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Speaker 7: Beck.

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Speaker 4: What have you got this week?

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Speaker 6: We've got a couple from the community as per So.

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Speaker 6: The first one comes from Jenna, who says, I have

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Speaker 6: a light colored hoodie I was going to throw out

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Speaker 6: as it came out of the washing, she with stains

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Speaker 6: on it. That happens all the time. Why does that happen?

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Speaker 4: You know what I mean? Like you put something in

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Speaker 4: it comes out with a state a die running probably

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Speaker 4: from like something else. I see.

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Speaker 6: That actually makes a lot of sense. And so what

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Speaker 6: she did was she got some die I did this

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Speaker 6: too with one of my old jumpers. I was like,

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Speaker 6: it's so it was white, it was so stayed, and

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Speaker 6: then it just brought like an eight dollar die from Woolwords.

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Speaker 3: I think it's right rye or something. And then Tea

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Speaker 3: rit dye. Oh Rich, sorry, Tea sorry, it started to

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Speaker 3: make sense. I use that all the time. I mean,

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Speaker 3: it's not like I die everything every week, but whenever

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Speaker 3: I am dyeing something, I use the rit diet.

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Speaker 4: It's really good.

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Speaker 6: Yeah, totally, And you have a whole new jumper. And

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Speaker 6: so this is what Jenna did. Just got some dye,

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Speaker 6: died at a darker color and saved buying a new hoodie

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Speaker 6: and it looks brand new, fantastic.

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Speaker 3: It's so good. Also side note another brute tip. I

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Speaker 3: think I've shared this before on the podcast, just like

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Speaker 3: refreshing your blacks. Sometimes you've got like your expensive Luela

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Speaker 3: Lemon leggings or like whatever leggings you've got. I feel

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Speaker 3: like everyone's active where it's always black unless you're me.

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Speaker 3: Being able to like pop it in the washing machine

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Speaker 3: with some black die makes them look brand new.

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Speaker 4: Takes that, like you know how black can be a

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Speaker 4: little bit faded.

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Speaker 3: Yeah, take your black clothes fourteen dollar die seven dollars

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Speaker 3: on sale money when new fresh.

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Speaker 4: Black's, oh my god, it's actually so smart. Yeah, and

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Speaker 4: so much bet everything. And it doesn't stayin in the

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Speaker 4: washing machine. No, absolutely not.

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Speaker 3: And like I mean, I don't want to like give

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Speaker 3: rich too much airtime because they're not paying for this.

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Speaker 3: But you can actually get if you go to Spotlight,

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Speaker 3: not just the supermarket, you can get die pods, so

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Speaker 3: it's even easier. They are a bit more expensive than

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Speaker 3: like you know, doing your mix it yourself, but you

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Speaker 3: can get the die pod. You take all the plastic

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Speaker 3: of it, pop it in the washing machine and it

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Speaker 3: basically bursts. Well, it's in there, stains your clothes. Like

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Speaker 3: have you do you remember ever doing the whites looad

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Speaker 3: and then leaving a red thing in there and it

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Speaker 3: ruins your washing.

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Speaker 4: This doesn't ruin your washing, It does the opposite.

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Speaker 3: It actually fixes your washing, washes it all out, and

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Speaker 3: then you just hang it out to dry. Gorgeous money.

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Speaker 3: Seriously wrong section of the broadcast. What else you got back?

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Speaker 4: Sex one comes from a lease who says for any

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Speaker 4: academics or people doing research and trying to like access

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Speaker 4: any papers. If you have access to the author's details,

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Speaker 4: try and find them. We can email them and usually

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Speaker 4: they're more than happy to send it for free.

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Speaker 5: Maybe that loves the idea of them sharing that because

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Speaker 5: they just like love knowledge and they want people to

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Speaker 5: have it. Yeah, that's really naive, but that's that seems

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Speaker 5: so lovely that it totally is.

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Speaker 3: It totally is, and you guys already know. But I

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Speaker 3: don't know if everyone who listens to our podcast knows.

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Speaker 3: But I actually have my own money callum in the

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Speaker 3: Age newspaper and in the Sydney Morning Herald newspaper, which

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Speaker 3: according to my parents is like actually a really big deal.

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Speaker 3: And like, I think it's pretty cool because I get

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Speaker 3: a thousand words a week to yap and like you

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Speaker 3: can't say anything about it is my opinion column to

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Speaker 3: what I want here. But I get paid to do

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Speaker 3: that money win. But I don't get paid perview. I

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Speaker 3: just get to write the article. And that's how most

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Speaker 3: pieces of content exist. So I know lots of platforms

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Speaker 3: don't pay their authors. They might say, oh, like it's

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Speaker 3: for the exposure, you'll get more work from this, which

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Speaker 3: I don't subscribe to. Thankfully, I do get paid, but

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Speaker 3: usually you get like a set fee or did you

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Speaker 3: know that you get paid per words sometimes, so some

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Speaker 3: people get paid per word anyway, interesting.

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Speaker 4: Adding in words.

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Speaker 3: I know, I know, I don't get paid pertendancy, honestly rude,

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Speaker 3: but that's okay.

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Speaker 4: But they usually get paid.

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Speaker 3: So once it's on the platform, there's no benefit to

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Speaker 3: the author anymore. The subscription and stuff usually goes to,

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Speaker 3: you know, the owner of the platform.

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Speaker 4: They might just do you a solid and sneak it

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Speaker 4: over to you. Yeah, yeah, my articles shot just to

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Speaker 4: be clear. Yeah, no, so worth a shot anyway. And

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Speaker 4: then my one my friends send me this.

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Speaker 6: Thing and I thought it was just from Merrybeck Counsel.

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Speaker 6: So Mary Beck is like, you know, Brunswick, all that

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Speaker 6: kind of area, and they're basically doing a like parking

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Speaker 6: fine refund situation, and so it's you may be eligible.

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Speaker 4: I for some reason, wasn't with your five hundred five

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Speaker 4: had a thousand parking.

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Speaker 6: Fines, surely one of them is eligible anyway, none of

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Speaker 6: them were. But and then I love a lovely producer

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Speaker 6: googled it and I think there's like a few councils

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Speaker 6: doing it at the moment, so maybe just have a

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Speaker 6: Google and see what is available. But for Merryback in particular,

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Speaker 6: all you had to do was kind of you just

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Speaker 6: had to use your regro, just chuck it in and

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Speaker 6: if something's eligible, then I think you have to prove

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Speaker 6: that you were the I guess recipient of the infringement.

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Speaker 3: But it'll be different for every accountcl it would be different.

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Speaker 3: So that's why I'm saying, Like with Barry Beck, that's

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Speaker 3: what the process was. Yeah, well I needed was my

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Speaker 3: registration and then yeah, for some unknown reason, nothing was eligible.

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Speaker 3: And I'm like, every single day it feels like I've

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Speaker 3: got a new parking fine. So I'm I mean, I'm

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Speaker 3: going to keep trying.

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Speaker 4: Don't take me a pun for everyone. Yeah, So good

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Speaker 4: to go.

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Speaker 3: All right, guys, that is it for this side of

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Speaker 3: the episode. We're going to go to a really quick

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Speaker 3: break because and quick I say, because.

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Speaker 4: I want to get into this so much.

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Speaker 3: We're going to talk about whether novateed leases are a

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Speaker 3: good idea when it comes to car finance. And you

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Speaker 3: slid into our DMS about something this week, whether you

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00:16:18,720 --> 00:16:21,120
Speaker 3: should stick at a job because of its earning potential

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Speaker 3: or leave and chase your dreams.

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Speaker 4: Don't go anywhere.

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Speaker 5: Welcome back everybody. Let's take a listen to this week's

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Speaker 5: money dilemma.

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Speaker 6: Hi.

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Speaker 3: There, have you got a money dilemma you just can't solve.

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Speaker 3: The She's on the Money team is here to help.

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Speaker 3: Every week we tackle your dilemmas, both big and small,

384
00:16:43,720 --> 00:16:46,800
Speaker 3: to answer your most burning money, career and life questions.

385
00:16:47,000 --> 00:16:49,480
Speaker 3: To get involved, simply head to our website and leave

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00:16:49,560 --> 00:16:51,680
Speaker 3: us a short voice recording and you might just find

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00:16:51,720 --> 00:16:54,440
Speaker 3: yourself on the show. Now, let's take a listen to

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Speaker 3: this week's money dilemma.

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Speaker 4: Hi, She's on the Money.

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Speaker 7: First of all, love the podcast. Thank you so much

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Speaker 7: for putting it out there for all the ladies and

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Speaker 7: everyone else every week. It's very entertaining, very motivating, and

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Speaker 7: very educational, so really appreciate it. My question for you

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Speaker 7: ladies is about norvated leases. I run a small business

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Speaker 7: and I've recently had an employee ask about the potential option.

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Speaker 7: I don't know much about it, quite honestly, and I

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Speaker 7: was wondering if you guys could explain what anovated lease

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Speaker 7: is the difference between a normal finance loan and the

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Speaker 7: benefits for an employee as well as an employer that

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Speaker 7: would be really appreciated. Thank you, and keep doing your thing.

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00:17:40,520 --> 00:17:43,160
Speaker 4: Ah, that's so sweet, thank you.

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Speaker 6: I don't really know about how norvated leases work everywhere,

403
00:17:46,080 --> 00:17:47,840
Speaker 6: but I just know that at my job they did

404
00:17:47,880 --> 00:17:50,240
Speaker 6: butter it up a little bit because we have a

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00:17:50,240 --> 00:17:54,040
Speaker 6: company that is attached to our company that offer this,

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00:17:54,600 --> 00:17:56,879
Speaker 6: and it's like it kind of comes out like the

407
00:17:56,960 --> 00:18:01,040
Speaker 6: repayments come out of your pre text seller, and so

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00:18:01,080 --> 00:18:03,199
Speaker 6: I was like, okay, let's have a look. And then

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00:18:03,280 --> 00:18:05,800
Speaker 6: I like kind of like inquired, and then they set

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Speaker 6: me like a full breakdown, and it was just I

411
00:18:07,520 --> 00:18:10,760
Speaker 6: was like, I just want like a shitty little secondhand car,

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Speaker 6: no more than I don't know ten k, which I

413
00:18:13,520 --> 00:18:15,439
Speaker 6: know is already a lot. And then they set me

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00:18:15,480 --> 00:18:19,840
Speaker 6: the full breakdown, and I calculated that my after tax

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00:18:19,880 --> 00:18:23,000
Speaker 6: pay would pay the exact amount off no interest. But

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00:18:23,040 --> 00:18:25,439
Speaker 6: then the pre tax pay it was like sixty thousand

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Speaker 6: dollars and I was like, are you telling me that

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Speaker 6: I'm paying sixty thousand It's something like that, something crazy.

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00:18:30,080 --> 00:18:34,280
Speaker 6: It's insane on the car because it's like the benefit

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Speaker 6: is that you barely notice the repayments because it's coming

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00:18:37,440 --> 00:18:40,719
Speaker 6: out of your pre tax salary but yeah, it just

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00:18:40,760 --> 00:18:42,919
Speaker 6: felt really sneaky, and so I don't know that this

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Speaker 6: is the situation everywhere. I just said that in this

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Speaker 6: particular situation, it was very like, Yeah, it was just

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Speaker 6: very sneaky, and I think they did it in a way.

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00:18:49,720 --> 00:18:52,359
Speaker 6: It was like, look, after tax, you're only paying the

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Speaker 6: exact amount of the car. I was like, no, but

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Speaker 6: I'm paying way more, I fear. So I don't know

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Speaker 6: if that's the case everywhere. I just be really cautious.

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Speaker 6: Maybe I had so many questions. If you're saying that

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Speaker 6: you inquired on a ten thousand dollar car and then

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00:19:06,160 --> 00:19:08,320
Speaker 6: it was going to be sixty thousand dollars, like what

433
00:19:08,400 --> 00:19:12,040
Speaker 6: the hell novated lease that are you using? Because that's

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Speaker 6: not just crazy, that's like illegal, No, not illegal, it's

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00:19:16,400 --> 00:19:17,479
Speaker 6: not do you know what.

436
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Speaker 3: Unfortunately, things like that are never illegal. If you signed

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Speaker 3: a contract, like if you were given the information that said,

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00:19:23,800 --> 00:19:26,960
Speaker 3: oh you can borrow money from Bill and he'll you know,

439
00:19:27,200 --> 00:19:29,919
Speaker 3: charge you ninety five percent interest, and you, you know,

440
00:19:29,960 --> 00:19:32,320
Speaker 3: maybe didn't know what you're doing and signed it. Still, sorry,

441
00:19:32,320 --> 00:19:34,600
Speaker 3: that doesn't make it illegal. It means that they had

442
00:19:34,640 --> 00:19:36,840
Speaker 3: a really good deal and you got a really terrible deal.

443
00:19:37,080 --> 00:19:38,639
Speaker 4: You did the right thing, doing the math and doing

444
00:19:38,680 --> 00:19:41,960
Speaker 4: your own research. Yeah, one hundred percent. Jess, would you

445
00:19:42,040 --> 00:19:43,880
Speaker 4: do an ovated lease? What are your thoughts? I mean,

446
00:19:43,920 --> 00:19:45,560
Speaker 4: I'll be honest, I don't know a huge amount.

447
00:19:45,600 --> 00:19:47,639
Speaker 5: We did an episode on novated leases, but that was

448
00:19:47,720 --> 00:19:49,960
Speaker 5: purely from an employee perspective.

449
00:19:49,960 --> 00:19:51,439
Speaker 4: Some very interesting to you from you on like the

450
00:19:51,440 --> 00:19:53,920
Speaker 4: employer that like why would an employer offer it?

451
00:19:54,000 --> 00:19:56,080
Speaker 5: Yeah. The other big benefit that I know of novated

452
00:19:56,119 --> 00:19:59,119
Speaker 5: leases is it had it will reduce your taxable income. Man,

453
00:19:59,320 --> 00:20:01,800
Speaker 5: when if you're someone who sits in a higher tax

454
00:20:01,800 --> 00:20:03,920
Speaker 5: bracket or you're just teetering on the edge, then doing

455
00:20:04,000 --> 00:20:07,040
Speaker 5: an ovated lease could bring you down, which is obviously

456
00:20:07,400 --> 00:20:10,320
Speaker 5: often quite a big benefit, depending on what that looks

457
00:20:10,359 --> 00:20:14,160
Speaker 5: like for you. I personally, this is one of those things,

458
00:20:14,200 --> 00:20:16,720
Speaker 5: like my parents always said, that just has all it

459
00:20:16,840 --> 00:20:19,600
Speaker 5: exists in my head and it's not even necessarily correct,

460
00:20:19,600 --> 00:20:22,080
Speaker 5: but it's just so drummed into me. But like a

461
00:20:22,160 --> 00:20:24,480
Speaker 5: car loan is one of the stupidest loans you can get,

462
00:20:24,520 --> 00:20:27,320
Speaker 5: and I know, big fat caveat on that most people

463
00:20:27,400 --> 00:20:29,600
Speaker 5: can't afford to get a car up front. That is

464
00:20:29,600 --> 00:20:32,040
Speaker 5: such a privilege to say in the same breath. They

465
00:20:32,040 --> 00:20:34,040
Speaker 5: would also say buying a brand new car is often

466
00:20:34,160 --> 00:20:35,959
Speaker 5: stupid because it devalues when you drive it out.

467
00:20:35,960 --> 00:20:37,080
Speaker 4: It's like in their minds.

468
00:20:37,080 --> 00:20:39,320
Speaker 5: So those two concepts went hand in hand, and that's

469
00:20:39,320 --> 00:20:41,760
Speaker 5: something that I've just kind of carried on. So like

470
00:20:41,880 --> 00:20:44,399
Speaker 5: when I bought my car, it was secondhand, and I

471
00:20:44,640 --> 00:20:47,200
Speaker 5: saved fruit in cash and it took me a long time. Okay,

472
00:20:47,280 --> 00:20:49,520
Speaker 5: big dog, I know it was literally every dollar that

473
00:20:49,560 --> 00:20:49,840
Speaker 5: I had.

474
00:20:49,840 --> 00:20:51,800
Speaker 4: I really cried, but I did it. And I mean

475
00:20:51,840 --> 00:20:53,800
Speaker 4: I say that it was I think twelve thousand dollars.

476
00:20:54,000 --> 00:20:56,639
Speaker 4: What was that? So much money? Oh, especially of money,

477
00:20:56,800 --> 00:20:58,960
Speaker 4: the money that you had at the time. And it's

478
00:20:59,040 --> 00:21:00,679
Speaker 4: very privileged that I could do that.

479
00:21:00,720 --> 00:21:03,199
Speaker 5: Now, it wasn't Actually it was hard work. But I

480
00:21:03,440 --> 00:21:06,800
Speaker 5: recognize that not everybody. You know, there might be an emergency.

481
00:21:07,359 --> 00:21:08,600
Speaker 5: People need cars to get.

482
00:21:08,480 --> 00:21:10,479
Speaker 3: Like, don't get me wrong, I think we Sorry, I

483
00:21:10,680 --> 00:21:14,760
Speaker 3: just really want to derail this completely. We talk about

484
00:21:14,800 --> 00:21:17,320
Speaker 3: privilege a lot, and like we are so privileged, like

485
00:21:17,440 --> 00:21:20,159
Speaker 3: you and I are sitting on couches in Australia. We

486
00:21:20,320 --> 00:21:24,160
Speaker 3: have so much genuine privilege, Jess, you and I are white,

487
00:21:24,240 --> 00:21:27,080
Speaker 3: Like that privilege is undeniable.

488
00:21:27,240 --> 00:21:29,440
Speaker 4: Yeah, but I also hate.

489
00:21:29,280 --> 00:21:32,760
Speaker 3: When people say I'm so privileged to be able to Sorry,

490
00:21:32,880 --> 00:21:36,919
Speaker 3: you won't given anything, Jess. Your parents don't fund your lifestyle.

491
00:21:37,080 --> 00:21:40,760
Speaker 3: They have never financially supported you. You have always worked

492
00:21:40,760 --> 00:21:43,639
Speaker 3: as hard as you possibly can to save every single dollar,

493
00:21:44,000 --> 00:21:47,480
Speaker 3: and I just I get quite frustrated when.

494
00:21:47,520 --> 00:21:48,600
Speaker 4: Even you do this back.

495
00:21:48,640 --> 00:21:50,679
Speaker 3: And it's so nice because I think that you know,

496
00:21:50,720 --> 00:21:55,120
Speaker 3: privilege checking is really important, but like, you worked your

497
00:21:55,200 --> 00:21:57,639
Speaker 3: butt off, and I don't always want to palm it

498
00:21:57,640 --> 00:22:00,359
Speaker 3: off to privilege. Yes, I'm going to ignore each my

499
00:22:00,400 --> 00:22:03,160
Speaker 3: privilege and talk about those things, but I don't think

500
00:22:03,200 --> 00:22:06,800
Speaker 3: every time we talk about, hey, I actually achieved this thing,

501
00:22:07,320 --> 00:22:10,800
Speaker 3: you have to outline the privilege associated with it.

502
00:22:11,080 --> 00:22:12,400
Speaker 4: I try it very hard.

503
00:22:12,200 --> 00:22:15,280
Speaker 3: To make sure, especially on social media and like content,

504
00:22:15,359 --> 00:22:18,080
Speaker 3: to always contextualize it to go hey, cool, like I

505
00:22:18,119 --> 00:22:21,720
Speaker 3: am really lucky to have all of this, but you

506
00:22:21,800 --> 00:22:24,680
Speaker 3: worked really hard for that. And I think in friendship

507
00:22:24,720 --> 00:22:27,480
Speaker 3: conversations and stuff like, you don't need to go, oh,

508
00:22:27,520 --> 00:22:31,040
Speaker 3: I'm really privileged. I saved twelve rand for my first car. Sorry, Jess,

509
00:22:31,200 --> 00:22:33,040
Speaker 3: tell me how you did that? How did you save

510
00:22:33,119 --> 00:22:33,720
Speaker 3: twelve grand?

511
00:22:33,840 --> 00:22:34,960
Speaker 4: I worked three jobs?

512
00:22:35,200 --> 00:22:35,680
Speaker 6: Thank you?

513
00:22:36,359 --> 00:22:38,160
Speaker 5: I just don't wannyone to think I'm shitting on people

514
00:22:38,240 --> 00:22:39,840
Speaker 5: who do know You're not You're not.

515
00:22:40,000 --> 00:22:41,399
Speaker 3: And do you know what, there are a lot of

516
00:22:41,440 --> 00:22:44,359
Speaker 3: people in our community who work three jobs and still

517
00:22:44,359 --> 00:22:45,800
Speaker 3: can't save a friggin dollar.

518
00:22:45,880 --> 00:22:49,240
Speaker 4: And that's timely, friggin hard. Yeah, And we hear.

519
00:22:49,119 --> 00:22:51,560
Speaker 3: You, and we know you're there, and we hope that

520
00:22:51,640 --> 00:22:55,680
Speaker 3: at some point these episodes are inspiration that you too

521
00:22:55,800 --> 00:22:58,320
Speaker 3: can put yourself in that position, and you too will

522
00:22:58,400 --> 00:22:59,400
Speaker 3: have the freedom.

523
00:22:59,560 --> 00:23:01,760
Speaker 4: But some times, do you know what? Just getting by

524
00:23:01,960 --> 00:23:05,000
Speaker 4: is enough? Absolutely? And so I think, like back to

525
00:23:05,040 --> 00:23:06,280
Speaker 4: the Q, would I try about it?

526
00:23:06,320 --> 00:23:06,359
Speaker 7: No?

527
00:23:06,480 --> 00:23:08,520
Speaker 4: Yes, so fine now, but you buy amen?

528
00:23:08,920 --> 00:23:10,840
Speaker 5: But I think would I take out an ovated lease,

529
00:23:10,880 --> 00:23:12,520
Speaker 5: I would look into it, I would run the numbers,

530
00:23:12,560 --> 00:23:16,560
Speaker 5: I'd probably talk to you, But I my preference for

531
00:23:16,640 --> 00:23:18,879
Speaker 5: me personally has always been where possible to just not

532
00:23:18,960 --> 00:23:21,680
Speaker 5: take on a loan. Generally, Yeah, I think anovated least

533
00:23:21,680 --> 00:23:23,639
Speaker 5: can be a good option if the tax benefits are

534
00:23:23,640 --> 00:23:25,480
Speaker 5: big enough. But if you're paying sixty thousand for a

535
00:23:25,560 --> 00:23:28,159
Speaker 5: ten thousand dollars car, then I just think, yeah, that's crazy.

536
00:23:28,680 --> 00:23:30,160
Speaker 4: But I feel like you're much better placed.

537
00:23:30,320 --> 00:23:32,879
Speaker 3: Yeah, and I'm going to stop talking about other stuff,

538
00:23:32,920 --> 00:23:36,040
Speaker 3: and I'll actually tell you about an ovated lease, and

539
00:23:36,440 --> 00:23:39,520
Speaker 3: the name should be something that you consider as well.

540
00:23:39,520 --> 00:23:41,280
Speaker 3: We're talking about a lease, we're not talking about you

541
00:23:41,359 --> 00:23:42,120
Speaker 3: purchasing a car.

542
00:23:42,320 --> 00:23:44,720
Speaker 4: It's not a car loan. It's not a car loan.

543
00:23:44,800 --> 00:23:46,880
Speaker 3: And my favorite way to think of an evated least

544
00:23:47,160 --> 00:23:50,520
Speaker 3: is a three way. Yeah, it's a three way, and

545
00:23:50,600 --> 00:23:54,200
Speaker 3: it's between your employer, it's between you, and it's between

546
00:23:54,280 --> 00:23:58,080
Speaker 3: leasing company. So your employee they lease a car, and

547
00:23:58,119 --> 00:24:01,560
Speaker 3: then the employer agrees to take on the lease or

548
00:24:01,600 --> 00:24:06,080
Speaker 3: a payments using a mix of the employees pre tax

549
00:24:06,119 --> 00:24:08,280
Speaker 3: and post tax salary. So if Jess, you came to

550
00:24:08,320 --> 00:24:09,800
Speaker 3: me and you said, oh, in a novated lease and

551
00:24:09,800 --> 00:24:11,320
Speaker 3: for some reason it made a lot of sense for

552
00:24:11,359 --> 00:24:14,000
Speaker 3: you personally, and I was happy to do that. I

553
00:24:14,040 --> 00:24:16,720
Speaker 3: would just organize for your pre tax and some of

554
00:24:16,720 --> 00:24:18,480
Speaker 3: your post tax income to go.

555
00:24:18,359 --> 00:24:19,159
Speaker 4: To that company.

556
00:24:19,400 --> 00:24:22,800
Speaker 3: Yeah, but the company is involved to basically take care

557
00:24:22,840 --> 00:24:25,639
Speaker 3: of all the admin and the finance side of things

558
00:24:25,680 --> 00:24:28,200
Speaker 3: and like honestly the car maintenance and you can deal

559
00:24:28,240 --> 00:24:32,280
Speaker 3: with that after that. And it's sometimes known as salary packaging.

560
00:24:32,359 --> 00:24:35,040
Speaker 3: So we've talked about this before and I mean for

561
00:24:35,119 --> 00:24:37,560
Speaker 3: the employee, there are a number of benefits. So say

562
00:24:37,560 --> 00:24:38,880
Speaker 3: you don't have a car and you need a car,

563
00:24:39,200 --> 00:24:42,199
Speaker 3: you don't have twelve grand to buy one, right, There

564
00:24:42,320 --> 00:24:44,960
Speaker 3: are tax savings so kind of money when like lease

565
00:24:45,200 --> 00:24:46,280
Speaker 3: payments are made.

566
00:24:46,600 --> 00:24:49,280
Speaker 4: Partially from your pre tax income.

567
00:24:49,119 --> 00:24:52,440
Speaker 3: Which reduces your taxable income as you were talking about before, Jess,

568
00:24:52,480 --> 00:24:57,800
Speaker 3: which potentially could result in more take home pay potentially,

569
00:24:58,400 --> 00:25:00,520
Speaker 3: like if you did your numbers right, to be honest,

570
00:25:00,560 --> 00:25:03,240
Speaker 3: you'd have to be on the cusp of a salary

571
00:25:03,280 --> 00:25:05,960
Speaker 3: band for that to make sense. And there's a very

572
00:25:06,000 --> 00:25:08,560
Speaker 3: small amount of people that I think would hit that

573
00:25:09,160 --> 00:25:13,239
Speaker 3: convenience salary. Packaging a car like putting it on an

574
00:25:13,240 --> 00:25:15,439
Speaker 3: evated lease, it's bloody easy.

575
00:25:16,160 --> 00:25:17,200
Speaker 4: Like the car.

576
00:25:17,080 --> 00:25:21,800
Speaker 3: Repayments, the fuel, the maintenance, the insurance, you're regiro all

577
00:25:21,840 --> 00:25:24,600
Speaker 3: into that payment and you can and if you're someone

578
00:25:24,600 --> 00:25:26,840
Speaker 3: that likes those things, right, yep. And I mean it's

579
00:25:26,920 --> 00:25:29,679
Speaker 3: relatively cash flow friendly, Like we would say that it

580
00:25:29,800 --> 00:25:32,800
Speaker 3: reduces the upfront cost. If you're having to save twelve grand,

581
00:25:32,960 --> 00:25:34,840
Speaker 3: like you don't need a deposit, that's kind of a

582
00:25:34,880 --> 00:25:38,080
Speaker 3: money win you could probably then I'm not trying to

583
00:25:38,080 --> 00:25:40,520
Speaker 3: pitch this to you, but like, you know, if you

584
00:25:41,200 --> 00:25:43,400
Speaker 3: had five grand as a deposit, the car you could

585
00:25:43,440 --> 00:25:45,440
Speaker 3: buy for five grand is very different to the car

586
00:25:45,480 --> 00:25:47,720
Speaker 3: that you could potentially afford through an ovated lease.

587
00:25:47,760 --> 00:25:49,200
Speaker 4: So maybe you're like, oh.

588
00:25:49,080 --> 00:25:51,480
Speaker 3: I could afford to buy a newer or a better

589
00:25:51,560 --> 00:25:55,840
Speaker 3: car than purchasing a five grand one out right, and there's.

590
00:25:55,680 --> 00:25:56,520
Speaker 4: No GST.

591
00:25:57,760 --> 00:26:00,399
Speaker 3: JST on the purchase price and running costs is often

592
00:26:00,440 --> 00:26:03,720
Speaker 3: not paid by the employee because the leasing company claims

593
00:26:03,720 --> 00:26:05,840
Speaker 3: that and that's where their benefits start to kick in.

594
00:26:07,560 --> 00:26:10,359
Speaker 3: If you flip it, like you come to me and say, hey,

595
00:26:10,640 --> 00:26:12,919
Speaker 3: own anvated lease, Like, what are the benefits for me

596
00:26:13,000 --> 00:26:16,679
Speaker 3: as an employer? It's valued perk, Like you're probably going

597
00:26:16,720 --> 00:26:17,840
Speaker 3: to be like, oh my god, through my.

598
00:26:17,920 --> 00:26:19,560
Speaker 4: Work, I can get this novated lease.

599
00:26:19,960 --> 00:26:23,960
Speaker 3: Lots of companies, bigger companies usually find an ovated lease

600
00:26:24,040 --> 00:26:27,200
Speaker 3: partner so in their salary packaging they can say, and

601
00:26:27,320 --> 00:26:30,359
Speaker 3: we can give you this because it sounds shiny. Yeah,

602
00:26:30,400 --> 00:26:32,600
Speaker 3: I don't love it because I think that that means

603
00:26:32,640 --> 00:26:35,359
Speaker 3: that talent and people that want to work for you

604
00:26:35,400 --> 00:26:38,760
Speaker 3: maybe think you're attractive, when that's not. Actually the biggest

605
00:26:38,760 --> 00:26:41,920
Speaker 3: perk ever doesn't cost me a cent it does cost

606
00:26:41,960 --> 00:26:43,480
Speaker 3: me a little bit of admin. I mean, I've got

607
00:26:43,480 --> 00:26:46,200
Speaker 3: to set it up with the leasing company. I would

608
00:26:46,240 --> 00:26:49,000
Speaker 3: have to organize your pay. But once that's done, that's fine.

609
00:26:49,000 --> 00:26:51,000
Speaker 3: And to be honest, just we have a bookkeeper at

610
00:26:51,000 --> 00:26:53,359
Speaker 3: she's on the money that like organizes all of that.

611
00:26:53,440 --> 00:26:56,040
Speaker 3: I still do the pace like I process them manually

612
00:26:56,160 --> 00:27:00,119
Speaker 3: still because I'm good trolling, but like somebody else, we

613
00:27:00,200 --> 00:27:02,560
Speaker 3: do the calculations for me and then each month tell me, hey,

614
00:27:02,640 --> 00:27:04,639
Speaker 3: you need to pay ex here and why here, and

615
00:27:04,680 --> 00:27:07,440
Speaker 3: then Jess's salary leftover would go into her bank account

616
00:27:07,480 --> 00:27:11,040
Speaker 3: and I'd be like, okay, cool. And then FBT. So

617
00:27:11,080 --> 00:27:14,040
Speaker 3: you might have heard of FBT before. And I was

618
00:27:14,080 --> 00:27:16,360
Speaker 3: having a conversation with my friend Shelby the other day.

619
00:27:16,359 --> 00:27:19,560
Speaker 3: Actually she's a business owner as well, and we pay

620
00:27:20,160 --> 00:27:24,320
Speaker 3: a lot of FBT in this business and that's okay.

621
00:27:24,520 --> 00:27:30,359
Speaker 3: But FBT is fringe benefits tax and it's forty seven percent,

622
00:27:30,920 --> 00:27:35,320
Speaker 3: and fringe benefits tax is something that we pay on

623
00:27:35,440 --> 00:27:39,239
Speaker 3: benefits to an employee that are above and beyond what

624
00:27:39,280 --> 00:27:41,800
Speaker 3: the government deems to be like the minimum.

625
00:27:42,000 --> 00:27:44,000
Speaker 4: And like, this is not me complaining.

626
00:27:44,080 --> 00:27:46,280
Speaker 3: In fact, I'm proud of the fact that we pay

627
00:27:46,440 --> 00:27:49,920
Speaker 3: FBT because we do go above and beyond it. She's

628
00:27:50,000 --> 00:27:52,800
Speaker 3: on the money to like reward stuff and you know,

629
00:27:53,240 --> 00:27:55,520
Speaker 3: gift them things that we think that they would really

630
00:27:55,600 --> 00:27:58,240
Speaker 3: like as opposed to going, Oh, I can actually only

631
00:27:58,280 --> 00:28:01,119
Speaker 3: spend a top of three hundred dollars on my staff

632
00:28:01,160 --> 00:28:03,960
Speaker 3: member each year, like that wouldn't work with all of

633
00:28:04,000 --> 00:28:06,040
Speaker 3: the lunches and the dinners that we go to.

634
00:28:06,840 --> 00:28:09,240
Speaker 4: We do gifts, We do a lot of travel.

635
00:28:09,480 --> 00:28:13,359
Speaker 3: That travel sometimes like has to be split between Okay,

636
00:28:13,359 --> 00:28:15,919
Speaker 3: well that really was kind of a holiday for everybody,

637
00:28:16,000 --> 00:28:17,919
Speaker 3: Like we took a few days to go to Disneyland.

638
00:28:17,960 --> 00:28:20,280
Speaker 3: We can't claim that on text, but we can claim

639
00:28:20,320 --> 00:28:23,359
Speaker 3: the part we were at the conference, right, So FBT

640
00:28:23,560 --> 00:28:26,159
Speaker 3: kind of adds up in our business. And I'm just

641
00:28:26,480 --> 00:28:29,359
Speaker 3: giving you context. I think as it's pervy interest, it's

642
00:28:29,440 --> 00:28:31,440
Speaker 3: just interesting and you might go, oh, well, why would

643
00:28:31,440 --> 00:28:38,000
Speaker 3: they do that? But often it's FBT neutral. So usually

644
00:28:38,200 --> 00:28:41,760
Speaker 3: it's offset via the employees post tax contributions, so the

645
00:28:41,800 --> 00:28:46,800
Speaker 3: employee pays, not the employer. So like, FBT not my

646
00:28:46,880 --> 00:28:50,240
Speaker 3: problem yours, Jessica Ricci. I mean I feel like I've

647
00:28:50,280 --> 00:28:53,080
Speaker 3: sold it. I've made you go, oh, do you want

648
00:28:53,320 --> 00:28:55,840
Speaker 3: annovated lease. Now you're probably like slay like I can

649
00:28:55,880 --> 00:28:56,600
Speaker 3: see begspace.

650
00:28:57,040 --> 00:28:59,040
Speaker 4: It's interesting conversation.

651
00:28:59,160 --> 00:29:03,120
Speaker 3: Later, let's just point out a few of the red flags. Girl,

652
00:29:03,160 --> 00:29:07,120
Speaker 3: You would be locked into a lease, not a loan repayment.

653
00:29:07,240 --> 00:29:10,600
Speaker 3: A lease, you're borrowing the car from them. If you

654
00:29:10,720 --> 00:29:13,560
Speaker 3: leave your job, you actually have to take over the

655
00:29:13,600 --> 00:29:17,040
Speaker 3: payments in full in your post tax income yourself, or

656
00:29:17,120 --> 00:29:20,040
Speaker 3: find another employer who would take that over for you.

657
00:29:20,680 --> 00:29:23,400
Speaker 3: So before you ever take on an ovated lease, please

658
00:29:23,480 --> 00:29:26,440
Speaker 3: check if you can afford it post tax, because you

659
00:29:26,480 --> 00:29:27,800
Speaker 3: don't want to be stuck in a job.

660
00:29:27,840 --> 00:29:30,800
Speaker 4: And we'll get to this in our perfect question, but you.

661
00:29:30,720 --> 00:29:32,240
Speaker 3: Don't want to be stuck in a job because you

662
00:29:32,240 --> 00:29:36,200
Speaker 3: can't afford car repayments totally. It's also not always cheaper,

663
00:29:36,400 --> 00:29:39,640
Speaker 3: so depending on your income, your car choice, how much

664
00:29:39,680 --> 00:29:42,400
Speaker 3: you use it, how much fuel goes into it, it

665
00:29:42,440 --> 00:29:45,480
Speaker 3: can actually be more expensive. And I mean you touched

666
00:29:45,480 --> 00:29:47,840
Speaker 3: on this before, Beck than just buying it out right

667
00:29:47,920 --> 00:29:49,360
Speaker 3: or going and getting a car loan.

668
00:29:49,480 --> 00:29:50,720
Speaker 4: I am not recommending a.

669
00:29:50,680 --> 00:29:53,000
Speaker 3: Car loan as just a you can have a new

670
00:29:53,040 --> 00:29:55,920
Speaker 3: car every couple of years, Like I am very much

671
00:29:56,040 --> 00:29:58,760
Speaker 3: on the what would you say I'm on the team

672
00:29:58,880 --> 00:30:02,440
Speaker 3: of buy a car, thrash it, drive it into the ground,

673
00:30:02,520 --> 00:30:05,440
Speaker 3: drive it into the ground. I know a lot of

674
00:30:05,480 --> 00:30:07,600
Speaker 3: people go, oh, but you want to like resell it, Like,

675
00:30:07,640 --> 00:30:10,160
Speaker 3: I'm not buying a car for resale value. Most of

676
00:30:10,200 --> 00:30:12,000
Speaker 3: the time. I'm buying a car because I need to

677
00:30:12,000 --> 00:30:14,200
Speaker 3: get from A to B. And you best believe I

678
00:30:14,240 --> 00:30:17,280
Speaker 3: am getting the most out of this vehicle completely, like

679
00:30:17,400 --> 00:30:19,520
Speaker 3: I would want it to last as long as possible.

680
00:30:19,600 --> 00:30:22,320
Speaker 4: And Jess, you know this, But I don't think Beck knows.

681
00:30:22,600 --> 00:30:24,960
Speaker 3: I drove my car that I bought way back when

682
00:30:25,120 --> 00:30:28,440
Speaker 3: I have my very very first job until I had

683
00:30:28,440 --> 00:30:30,640
Speaker 3: a baby because I couldn't fit a car seat in it.

684
00:30:30,760 --> 00:30:33,000
Speaker 4: Yeah, and then I was like, damn it, we need

685
00:30:33,080 --> 00:30:33,480
Speaker 4: your car.

686
00:30:33,880 --> 00:30:36,520
Speaker 3: I was annoyed by that because I was so excited

687
00:30:36,560 --> 00:30:40,480
Speaker 3: about how economic that little car was. Yeah, girl, Petro

688
00:30:40,640 --> 00:30:43,440
Speaker 3: was so cheap. If you have a cheap car, that

689
00:30:43,600 --> 00:30:46,880
Speaker 3: is a flex Like, I don't want to see your big,

690
00:30:46,920 --> 00:30:49,080
Speaker 3: bougie expensive car. I want to see your cheap card.

691
00:30:49,120 --> 00:30:50,680
Speaker 3: I want you to be like I'm a big dog

692
00:30:50,720 --> 00:30:53,920
Speaker 3: with of this. Like anyway, just keep it clean, all right, Like,

693
00:30:54,120 --> 00:30:56,640
Speaker 3: just keep the shit inside your car clean. We could

694
00:30:56,640 --> 00:30:59,280
Speaker 3: be proud of it, irrespective of how much it is worth.

695
00:31:00,120 --> 00:31:02,080
Speaker 4: So with leases, because it's a lease.

696
00:31:02,000 --> 00:31:06,280
Speaker 3: Not your own vehicle, there are kilometer limits and we're

697
00:31:06,320 --> 00:31:09,200
Speaker 3: in tear costs that might come into it and rules

698
00:31:09,200 --> 00:31:11,880
Speaker 3: that you might not be aware of. And you actually

699
00:31:11,920 --> 00:31:14,360
Speaker 3: don't own the car unless you completely pay out the lease.

700
00:31:14,400 --> 00:31:16,200
Speaker 3: And sometimes you get to the end of the lease

701
00:31:16,280 --> 00:31:18,680
Speaker 3: term and then they go, oh that's great, Beck, so

702
00:31:18,760 --> 00:31:19,560
Speaker 3: to buy the car.

703
00:31:19,640 --> 00:31:21,120
Speaker 4: Now, did you want to buy the car? And you

704
00:31:21,120 --> 00:31:21,880
Speaker 4: go I thought I did.

705
00:31:23,080 --> 00:31:25,760
Speaker 3: Yeah, it's actually another seventeen thousand dollars to buy that

706
00:31:25,880 --> 00:31:27,320
Speaker 3: car outright from us.

707
00:31:27,600 --> 00:31:28,280
Speaker 6: Oh my god.

708
00:31:28,360 --> 00:31:30,840
Speaker 3: And that's where things, you know, add up. But I mean,

709
00:31:30,880 --> 00:31:33,640
Speaker 3: it doesn't really matter how it really impacts the employer.

710
00:31:34,080 --> 00:31:37,520
Speaker 3: As I said before, admin it can make exits complicated,

711
00:31:37,800 --> 00:31:40,520
Speaker 3: like if I want someone to leave the business, or

712
00:31:40,640 --> 00:31:43,000
Speaker 3: someone wants to leave the business, you need to work

713
00:31:43,040 --> 00:31:46,160
Speaker 3: out least transfer and like logistics and what if they

714
00:31:46,160 --> 00:31:48,280
Speaker 3: don't want the car in any way, It can be

715
00:31:48,520 --> 00:31:51,720
Speaker 3: quite complicated. And then it can also be a little

716
00:31:51,760 --> 00:31:54,920
Speaker 3: bit confusing. So if a company and this is not

717
00:31:55,840 --> 00:31:59,040
Speaker 3: offer me personally, it can be confusing. It's a if

718
00:31:59,040 --> 00:32:03,120
Speaker 3: this is not community catered properly and you have been

719
00:32:03,480 --> 00:32:07,560
Speaker 3: given a salary package back or jess and it says

720
00:32:07,640 --> 00:32:10,280
Speaker 3: you can get an ovated lease. Sometimes you might think

721
00:32:10,320 --> 00:32:13,320
Speaker 3: that you get a car with your job. Yeah, and

722
00:32:13,400 --> 00:32:15,760
Speaker 3: you don't necessarily get a car with your job. You

723
00:32:15,800 --> 00:32:17,320
Speaker 3: could pay for a car and they give you this

724
00:32:17,400 --> 00:32:20,040
Speaker 3: structure to buy a car. But like I have seen

725
00:32:20,080 --> 00:32:23,360
Speaker 3: people in our community who have novateed leases and they're like, God,

726
00:32:23,360 --> 00:32:26,400
Speaker 3: it's great, it comes with my job. Yeah, well, actually

727
00:32:26,400 --> 00:32:27,920
Speaker 3: it would have been better for you to take the cash.

728
00:32:27,920 --> 00:32:29,440
Speaker 3: And they didn't know that was an option. They just

729
00:32:29,480 --> 00:32:32,480
Speaker 3: thought that they had to get a company car quote. Yeah,

730
00:32:32,560 --> 00:32:34,080
Speaker 3: And I think that that is a bit of a

731
00:32:34,080 --> 00:32:37,800
Speaker 3: red flag because it's not well communicated in your comms

732
00:32:37,840 --> 00:32:40,680
Speaker 3: with whoever. Yeah, So whether or not it's a good

733
00:32:40,680 --> 00:32:43,200
Speaker 3: option is completely up to you. I remember growing up,

734
00:32:43,200 --> 00:32:45,920
Speaker 3: my dad always had an ovateed lease through like the

735
00:32:45,960 --> 00:32:49,200
Speaker 3: business he worked for, and it just made sense for them,

736
00:32:49,480 --> 00:32:52,200
Speaker 3: like because my dad was a car guy and loved it,

737
00:32:52,240 --> 00:32:54,400
Speaker 3: and like it just made sense for me. Find if

738
00:32:54,440 --> 00:32:58,400
Speaker 3: you just purely base it on the financials, I'd say no, no,

739
00:32:58,560 --> 00:33:02,080
Speaker 3: but that's just me juicy DM Oh my god, I

740
00:33:02,160 --> 00:33:05,880
Speaker 3: can't wait, all right, So the juicy DM this week

741
00:33:06,040 --> 00:33:08,760
Speaker 3: has come in and like already had our community and

742
00:33:09,040 --> 00:33:12,240
Speaker 3: our team talking. Hi, she's on the money. I need

743
00:33:12,280 --> 00:33:14,720
Speaker 3: your help. I'm in a job where I could earn

744
00:33:14,880 --> 00:33:18,240
Speaker 3: really good money, but it'll take time to climb that ladder.

745
00:33:18,560 --> 00:33:20,920
Speaker 3: I've always wanted to be a teacher. I'd have more

746
00:33:20,920 --> 00:33:23,320
Speaker 3: time with my kids during school holidays, the option to

747
00:33:23,400 --> 00:33:26,640
Speaker 3: work anywhere, and perks like discounted school fees, which is

748
00:33:27,160 --> 00:33:30,360
Speaker 3: honestly a money winning this economy. But the idea of

749
00:33:30,400 --> 00:33:32,400
Speaker 3: going back to study for a few years and taking

750
00:33:32,440 --> 00:33:34,560
Speaker 3: on another forty thousand dollars worth of debt is making

751
00:33:34,640 --> 00:33:38,000
Speaker 3: me second guests literally everything. I keep thinking, the more

752
00:33:38,040 --> 00:33:39,800
Speaker 3: I earn, the more I'll be able to give my

753
00:33:39,920 --> 00:33:43,000
Speaker 3: kids the life I had growing up. But what if

754
00:33:43,040 --> 00:33:46,040
Speaker 3: I chase that and ignore a job I've always dreamed of.

755
00:33:46,840 --> 00:33:49,960
Speaker 3: I have three kids, and I'm so anxious I won't

756
00:33:49,960 --> 00:33:52,440
Speaker 3: be able to support them financially like my parents did

757
00:33:52,480 --> 00:33:53,440
Speaker 3: for me and my sister.

758
00:33:53,520 --> 00:33:56,320
Speaker 4: What would you do? What would you do with your

759
00:33:56,360 --> 00:33:56,880
Speaker 4: three kids?

760
00:33:56,880 --> 00:33:57,120
Speaker 5: Beck?

761
00:33:57,320 --> 00:34:00,480
Speaker 6: This is so when you first like tease. At the start,

762
00:34:00,520 --> 00:34:03,960
Speaker 6: I was like, follow your dreams, girl, But then I'm like, like,

763
00:34:04,120 --> 00:34:07,640
Speaker 6: I kind of a little detour, but like, what do

764
00:34:07,680 --> 00:34:11,160
Speaker 6: you actually do if you can't afford school fees?

765
00:34:11,239 --> 00:34:14,160
Speaker 5: Like does public school fee like public school option?

766
00:34:14,480 --> 00:34:17,040
Speaker 6: Oh, so there's like private school and that's with but

767
00:34:17,360 --> 00:34:19,520
Speaker 6: there's no fees with public school.

768
00:34:19,880 --> 00:34:22,120
Speaker 5: With the public school, they're very low and then there's

769
00:34:22,280 --> 00:34:25,760
Speaker 5: a support for people who are in lower socioeconomic areas

770
00:34:25,800 --> 00:34:30,560
Speaker 5: or people financial hardship, whereas at a private school, I

771
00:34:30,560 --> 00:34:33,680
Speaker 5: mean they could be scholarships and things, but it's generally

772
00:34:33,880 --> 00:34:34,880
Speaker 5: much more expensive.

773
00:34:35,280 --> 00:34:38,759
Speaker 3: Also just too but in their elbow recently announced that

774
00:34:38,800 --> 00:34:43,400
Speaker 3: they are now fully funding all public schools in Australia.

775
00:34:43,640 --> 00:34:47,120
Speaker 3: Is actually very exciting because for a while there were

776
00:34:47,160 --> 00:34:49,200
Speaker 3: always like top ups and things that had to happen,

777
00:34:49,200 --> 00:34:51,560
Speaker 3: and obviously that is not actually possible for a lot

778
00:34:51,600 --> 00:34:55,600
Speaker 3: of people. So fully funded schools like not private schools,

779
00:34:55,640 --> 00:35:00,040
Speaker 3: obviously that would still great. I'm team public school. I

780
00:35:01,120 --> 00:35:04,040
Speaker 3: went to public school. I don't think I turned out

781
00:35:04,040 --> 00:35:04,399
Speaker 3: that bad.

782
00:35:04,719 --> 00:35:05,640
Speaker 4: I completely agree.

783
00:35:06,320 --> 00:35:09,080
Speaker 3: It's a conversation, and I mean it's a conversation that

784
00:35:09,120 --> 00:35:11,200
Speaker 3: my husband and I have been having recently because.

785
00:35:10,960 --> 00:35:12,880
Speaker 4: We have RV well and we're like, well, what do

786
00:35:12,920 --> 00:35:13,400
Speaker 4: we do.

787
00:35:13,480 --> 00:35:16,680
Speaker 3: We meant to like you know, and we thankfully and

788
00:35:16,920 --> 00:35:20,600
Speaker 3: very again privileged to be in this position where we

789
00:35:20,840 --> 00:35:23,799
Speaker 3: are having a conversation where I'm like, Okay, we have

790
00:35:23,920 --> 00:35:27,680
Speaker 3: this cash flow. Should we continue to invest it. Should

791
00:35:27,680 --> 00:35:31,280
Speaker 3: we redirect our investments and our you know, life savings

792
00:35:31,320 --> 00:35:34,120
Speaker 3: into a private school? Is that something that is of

793
00:35:34,239 --> 00:35:36,759
Speaker 3: value to us? Or should we be going down the

794
00:35:36,840 --> 00:35:39,040
Speaker 3: route of a public school. I mean I went to

795
00:35:39,040 --> 00:35:41,439
Speaker 3: public school. My husband went to public school. He ended

796
00:35:41,520 --> 00:35:43,640
Speaker 3: up going to like a private school for like year

797
00:35:43,680 --> 00:35:45,920
Speaker 3: eleven and twelve, but like before that, I believe it

798
00:35:45,960 --> 00:35:46,920
Speaker 3: was a public school.

799
00:35:47,160 --> 00:35:48,399
Speaker 4: I don't think we turned out that bad.

800
00:35:48,600 --> 00:35:48,879
Speaker 7: I don't.

801
00:35:48,920 --> 00:35:50,120
Speaker 4: I actually don't know what the difference is.

802
00:35:50,239 --> 00:35:52,960
Speaker 5: So a lot of people argue that private schools are

803
00:35:53,040 --> 00:35:55,880
Speaker 5: better resource. So there's I would say, I believe a

804
00:35:55,920 --> 00:36:00,760
Speaker 5: misconception that private schools have better education levels that they're

805
00:36:00,800 --> 00:36:03,640
Speaker 5: you know, often the classes are smaller, so you know,

806
00:36:03,680 --> 00:36:06,279
Speaker 5: you can have more attention on each student things like that.

807
00:36:06,480 --> 00:36:08,600
Speaker 4: And yes, they are better resource because they charge a

808
00:36:08,640 --> 00:36:09,479
Speaker 4: lot more for people.

809
00:36:09,560 --> 00:36:11,520
Speaker 3: They've just got more cash, and I mean, more money

810
00:36:11,600 --> 00:36:13,360
Speaker 3: means more resources, right.

811
00:36:13,320 --> 00:36:15,840
Speaker 5: But like you know, if you look at test scores,

812
00:36:15,840 --> 00:36:17,319
Speaker 5: a be things. So the public school I went to

813
00:36:17,440 --> 00:36:19,319
Speaker 5: was in an area where there was I think four

814
00:36:19,360 --> 00:36:22,400
Speaker 5: private schools and one public school, and so obviously the

815
00:36:22,400 --> 00:36:24,400
Speaker 5: public school took everyone who couldn't afford to go to

816
00:36:24,440 --> 00:36:26,719
Speaker 5: private school, which is the bucket I fell into. And

817
00:36:27,120 --> 00:36:29,560
Speaker 5: the big thing for our area was the public school

818
00:36:29,719 --> 00:36:32,719
Speaker 5: tested better every year by far than any of the

819
00:36:32,760 --> 00:36:33,400
Speaker 5: private school.

820
00:36:33,520 --> 00:36:35,960
Speaker 4: Cool, which kind of so good, that's such a flex Yeah,

821
00:36:36,360 --> 00:36:36,840
Speaker 4: I think.

822
00:36:36,719 --> 00:36:40,000
Speaker 5: Like private schools often have like fancy I remember one

823
00:36:40,040 --> 00:36:42,360
Speaker 5: of them. We went to their theater. They had fancy

824
00:36:42,400 --> 00:36:44,640
Speaker 5: atrium and they have all of these cool things.

825
00:36:44,680 --> 00:36:47,719
Speaker 4: But like who cares? Yeah it does. Some people care

826
00:36:47,760 --> 00:36:52,000
Speaker 4: a lot, like mean, like no mean parents would care.

827
00:36:52,040 --> 00:36:54,000
Speaker 4: But like as like when I was when I just

828
00:36:54,040 --> 00:36:55,520
Speaker 4: don't know, you don't I would.

829
00:36:55,360 --> 00:36:58,360
Speaker 6: Never I would None of that would ever have changed

830
00:36:58,400 --> 00:37:01,000
Speaker 6: how how much I gets head in school.

831
00:37:01,040 --> 00:37:02,480
Speaker 4: I did not care in school and.

832
00:37:03,440 --> 00:37:05,200
Speaker 3: Don't even care. If you paid more for this, I'd

833
00:37:05,239 --> 00:37:07,960
Speaker 3: care less. Yeah, that's the case for probably a lot

834
00:37:08,000 --> 00:37:08,680
Speaker 3: of kids anyway.

835
00:37:08,760 --> 00:37:12,200
Speaker 4: Sorry, Yes, it is a whole conversation.

836
00:37:12,520 --> 00:37:14,560
Speaker 3: I am going to make the assumption and put it

837
00:37:14,600 --> 00:37:18,080
Speaker 3: on the table that this person clearly wants to pay

838
00:37:18,239 --> 00:37:19,360
Speaker 3: for private school.

839
00:37:19,640 --> 00:37:21,520
Speaker 4: Yeah, they're saying they get the discount. That would be

840
00:37:21,560 --> 00:37:22,440
Speaker 4: my assumption.

841
00:37:22,760 --> 00:37:24,840
Speaker 3: Person who's clearly decided that's a value to them, and

842
00:37:24,880 --> 00:37:26,320
Speaker 3: pop off like that's why.

843
00:37:26,280 --> 00:37:29,719
Speaker 6: Totally okay, that's good because I I didn't understand the

844
00:37:29,719 --> 00:37:31,880
Speaker 6: school feast thing. I was like, like, that just seems

845
00:37:31,920 --> 00:37:34,440
Speaker 6: really mean that they're anyway, But this makes more sense now,

846
00:37:34,560 --> 00:37:37,879
Speaker 6: So I think in that situation, God, it's so hard

847
00:37:37,880 --> 00:37:40,600
Speaker 6: with kids being involved, because usually I would be like,

848
00:37:41,000 --> 00:37:43,880
Speaker 6: just follow your dreams because in like thirty years.

849
00:37:44,200 --> 00:37:46,600
Speaker 4: Responsibilities, I know. I'm like, that's it.

850
00:37:46,719 --> 00:37:49,400
Speaker 3: It's a challenging situation to be in because you feel

851
00:37:49,400 --> 00:37:54,440
Speaker 3: this responsibility to give your kids absolutely everything and the

852
00:37:54,440 --> 00:37:57,160
Speaker 3: best of the best. But if you're not your best,

853
00:37:57,520 --> 00:38:00,560
Speaker 3: how are you giving your kids everything if you're unhappy?

854
00:38:00,680 --> 00:38:01,200
Speaker 4: That's what I mean.

855
00:38:01,239 --> 00:38:02,719
Speaker 6: And so like sorry, as I was saying, like I

856
00:38:02,719 --> 00:38:05,160
Speaker 6: think that if you yeah, usually I would say follow

857
00:38:05,200 --> 00:38:07,200
Speaker 6: your dreams and all this kind of stuff, and I

858
00:38:07,680 --> 00:38:09,799
Speaker 6: usually my advice would be like in five years time,

859
00:38:09,840 --> 00:38:12,040
Speaker 6: you could be five years closer to your dream or

860
00:38:12,080 --> 00:38:14,400
Speaker 6: exactly where you are and maybe making more money, but

861
00:38:14,440 --> 00:38:16,680
Speaker 6: like not very happy. And I think that really the

862
00:38:16,719 --> 00:38:18,839
Speaker 6: best thing to do would just be like kind of

863
00:38:19,120 --> 00:38:21,600
Speaker 6: figure out what your finances look like and really just

864
00:38:21,640 --> 00:38:27,040
Speaker 6: like sounds very boring and also I don't know, but

865
00:38:27,200 --> 00:38:31,120
Speaker 6: just like write down everything that you can possibly see

866
00:38:31,160 --> 00:38:34,520
Speaker 6: coming up in your future financially and figure out if

867
00:38:34,560 --> 00:38:37,680
Speaker 6: it's actually going to be doable, and if it isn't

868
00:38:37,719 --> 00:38:39,960
Speaker 6: right now, then in the future maybe when your kids

869
00:38:39,960 --> 00:38:42,400
Speaker 6: are a little bit more independent, or maybe when like

870
00:38:42,440 --> 00:38:44,520
Speaker 6: all these school fees and things like that you don't

871
00:38:44,520 --> 00:38:45,960
Speaker 6: have to worry about anymore, even if that means you

872
00:38:45,960 --> 00:38:49,040
Speaker 6: have to wait until they're like eighteen nineteen, just so

873
00:38:49,160 --> 00:38:51,640
Speaker 6: that eventually you'll be able to do that and be

874
00:38:51,680 --> 00:38:53,319
Speaker 6: able to live your dream and pursue that.

875
00:38:53,400 --> 00:38:56,360
Speaker 4: But if it's not feaesble right now, I think, do

876
00:38:56,480 --> 00:38:58,239
Speaker 4: the financially smart thing.

877
00:38:58,600 --> 00:39:01,920
Speaker 3: Crazy, Yeah, but you've got a responsor and I can

878
00:39:01,920 --> 00:39:04,160
Speaker 3: see where you're coming from, Like you've got this responsibility

879
00:39:04,160 --> 00:39:06,160
Speaker 3: and it's crazy because I know both of you don't

880
00:39:06,160 --> 00:39:08,239
Speaker 3: have kids and I do. And I was always like,

881
00:39:08,320 --> 00:39:10,600
Speaker 3: I'm just going to be me, like I'm always going

882
00:39:10,600 --> 00:39:12,399
Speaker 3: to like want to do these things, but like once

883
00:39:12,400 --> 00:39:15,480
Speaker 3: you have a kid, you're like, it's so crazy and

884
00:39:15,520 --> 00:39:16,720
Speaker 3: I never thought i'd be this person.

885
00:39:16,719 --> 00:39:17,960
Speaker 4: But your priority is shift.

886
00:39:18,280 --> 00:39:19,880
Speaker 3: It's not just like, oh, I want to spend more

887
00:39:19,920 --> 00:39:22,440
Speaker 3: time with my kids. It's like I would give up

888
00:39:22,560 --> 00:39:26,319
Speaker 3: everything for that kid. Like, if you're telling me he

889
00:39:26,360 --> 00:39:28,680
Speaker 3: can't have something, I'm telling you right now I'll bend

890
00:39:28,680 --> 00:39:30,080
Speaker 3: over backwards to make sure he can.

891
00:39:30,800 --> 00:39:33,080
Speaker 4: And it's not about entitlement or spoiling your kids.

892
00:39:33,080 --> 00:39:35,600
Speaker 3: But if someone said this is the best option for

893
00:39:35,640 --> 00:39:38,160
Speaker 3: your child, I'd be like, Okay, well we're going to

894
00:39:38,239 --> 00:39:38,680
Speaker 3: have to do it.

895
00:39:38,840 --> 00:39:41,520
Speaker 4: Yeah, what would you do? You've got three kids.

896
00:39:42,400 --> 00:39:45,440
Speaker 5: I would say I do agree with bex perspective. I

897
00:39:45,480 --> 00:39:48,360
Speaker 5: am someone the majority of my friends are teachers, interestingly,

898
00:39:48,480 --> 00:39:50,640
Speaker 5: and they teach.

899
00:39:50,520 --> 00:39:53,240
Speaker 4: Him teacher vibes, you'd be a great teacher.

900
00:39:54,120 --> 00:39:56,080
Speaker 5: I always loved his honey growing up. I think that

901
00:39:56,320 --> 00:39:58,160
Speaker 5: I would say, talk to some teachers because my friends

902
00:39:58,160 --> 00:40:01,680
Speaker 5: teaching both private and public across the board. The feedback

903
00:40:01,680 --> 00:40:07,319
Speaker 5: on teaching that I personally not great. It's an underappreciated, underresourced,

904
00:40:07,480 --> 00:40:11,319
Speaker 5: underpaid industry based on whatever and has told me. People

905
00:40:11,400 --> 00:40:15,840
Speaker 5: are exiting the teaching profession on mass at the moment,

906
00:40:15,880 --> 00:40:19,120
Speaker 5: like they're putting bonuses into encourage people to be teachers

907
00:40:19,160 --> 00:40:21,640
Speaker 5: because there's almost a shortage because so many people are

908
00:40:21,719 --> 00:40:24,799
Speaker 5: leaving the profession, not to say that you will not

909
00:40:24,960 --> 00:40:28,600
Speaker 5: enjoy teaching. Plenty of people to research, do your research.

910
00:40:28,640 --> 00:40:31,200
Speaker 5: Can you volunteer in a classroom? Can you get a

911
00:40:31,280 --> 00:40:32,960
Speaker 5: teacher's aid role or something that.

912
00:40:32,960 --> 00:40:34,600
Speaker 4: Does Oh yeah, that's a good one. Yep, yeah, something

913
00:40:34,600 --> 00:40:35,120
Speaker 4: it doesn't.

914
00:40:34,880 --> 00:40:37,200
Speaker 5: Require you to have a qualification to take on the hextet,

915
00:40:37,280 --> 00:40:39,080
Speaker 5: et cetera, but can give you a bit of a

916
00:40:39,160 --> 00:40:42,160
Speaker 5: taste of what it's like, because I think, you know,

917
00:40:42,400 --> 00:40:44,960
Speaker 5: my friends were all they went into teaching because they

918
00:40:44,960 --> 00:40:48,200
Speaker 5: were really passionate about, you know, the next generation, and

919
00:40:48,280 --> 00:40:50,720
Speaker 5: they have so much love to give. They want to nurture,

920
00:40:50,760 --> 00:40:53,200
Speaker 5: they want to do all of these incredible things. But

921
00:40:53,239 --> 00:40:57,359
Speaker 5: the reality of what that is sometimes doesn't always line up.

922
00:40:57,360 --> 00:40:59,000
Speaker 5: And of course there's lots of teachers out there who

923
00:40:59,000 --> 00:41:01,799
Speaker 5: love their jobs. And you know, I'm not saying that

924
00:41:01,840 --> 00:41:04,160
Speaker 5: you wouldn't like it, but I'd say, before you take

925
00:41:04,160 --> 00:41:07,600
Speaker 5: on this debt, particularly because something you're stressed about, can

926
00:41:07,680 --> 00:41:09,120
Speaker 5: you test the waters first.

927
00:41:09,280 --> 00:41:10,719
Speaker 4: Yeah, I would agree with that.

928
00:41:10,760 --> 00:41:14,160
Speaker 3: I have had a friend move from a corporate role,

929
00:41:14,200 --> 00:41:17,400
Speaker 3: a very corporate role, had babies and decided that teaching

930
00:41:17,560 --> 00:41:20,080
Speaker 3: was for her, went into that and like she does

931
00:41:20,120 --> 00:41:22,480
Speaker 3: it she was born to be a teacher. Yeah, like

932
00:41:23,040 --> 00:41:26,200
Speaker 3: absolutely through and through the conversations I'm having at the moment.

933
00:41:26,280 --> 00:41:28,319
Speaker 3: I caught up with her for dinner a little while ago,

934
00:41:28,360 --> 00:41:30,640
Speaker 3: and she was saying, like, she's really struggling because she's

935
00:41:30,719 --> 00:41:33,239
Speaker 3: quite a creative person and like likes to give a

936
00:41:33,280 --> 00:41:35,840
Speaker 3: personal experience to each child because, as you would know,

937
00:41:36,160 --> 00:41:38,399
Speaker 3: lots of kids need more and some kids are quite

938
00:41:38,480 --> 00:41:41,880
Speaker 3: autonomous and like, you know, everything happens in a classroom

939
00:41:42,000 --> 00:41:44,080
Speaker 3: and she's in a public school, so it's quite hard.

940
00:41:44,320 --> 00:41:48,000
Speaker 3: But they're moving to a model where the principal was

941
00:41:48,040 --> 00:41:50,879
Speaker 3: saying that you would be able to walk around all

942
00:41:50,920 --> 00:41:54,000
Speaker 3: of the grade three classrooms and at the same time,

943
00:41:54,120 --> 00:41:57,320
Speaker 3: every single day, every single teacher would be teaching exactly

944
00:41:57,360 --> 00:41:57,960
Speaker 3: the same thing.

945
00:41:58,200 --> 00:42:01,640
Speaker 4: Yeah, and she's like, I understand, And apparently that's becoming

946
00:42:01,719 --> 00:42:02,160
Speaker 4: the norm.

947
00:42:02,200 --> 00:42:05,640
Speaker 3: And lots of schools are structuring this because they're like, no,

948
00:42:05,760 --> 00:42:08,160
Speaker 3: the curriculum is this, and like it kind of makes

949
00:42:08,200 --> 00:42:11,640
Speaker 3: sense to have yes standardized and like you know, if

950
00:42:11,640 --> 00:42:13,359
Speaker 3: you step back and go, yep, it would make sense

951
00:42:13,360 --> 00:42:17,000
Speaker 3: that every single student gets allocated the opportunity to learn

952
00:42:17,080 --> 00:42:21,080
Speaker 3: absolutely everything, Like but then you go personalized experience, like,

953
00:42:21,120 --> 00:42:22,879
Speaker 3: there's just so much to it, and I can tell

954
00:42:22,880 --> 00:42:25,600
Speaker 3: that's frustrating her. So I like that. I'm going to

955
00:42:25,680 --> 00:42:28,280
Speaker 3: talk more. I'm going to assume you've done your research.

956
00:42:28,760 --> 00:42:31,239
Speaker 3: I'm going to assume that you know you want to

957
00:42:31,280 --> 00:42:33,320
Speaker 3: be a teacher. I'm not going to question your decision.

958
00:42:33,320 --> 00:42:33,520
Speaker 4: There.

959
00:42:34,120 --> 00:42:36,640
Speaker 3: I wouldn't worry so much about the HEX. I'd worry

960
00:42:36,680 --> 00:42:39,520
Speaker 3: more about the work life balance because the hexs you

961
00:42:39,520 --> 00:42:42,120
Speaker 3: know what, that's not life ruining. That is money that

962
00:42:42,200 --> 00:42:45,040
Speaker 3: you're investing into your education. And I never think that's

963
00:42:45,080 --> 00:42:47,799
Speaker 3: a bad thing unless you're just going into a degree

964
00:42:47,800 --> 00:42:49,160
Speaker 3: and you haven't done your research and you're like, oh,

965
00:42:49,160 --> 00:42:51,120
Speaker 3: I wish I didn't do that arts degree that literally

966
00:42:51,160 --> 00:42:52,759
Speaker 3: got me nowhere cough victory.

967
00:42:52,480 --> 00:42:56,600
Speaker 4: Divine started there. That's why I transferred into psychology after

968
00:42:56,680 --> 00:42:57,160
Speaker 4: one year.

969
00:42:57,520 --> 00:43:02,239
Speaker 3: Anyway, I think it's really important that you're thinking about

970
00:43:02,239 --> 00:43:04,160
Speaker 3: work life balance. You've got three kids. How are you

971
00:43:04,160 --> 00:43:07,280
Speaker 3: going to fit in study? Are you doing it full time?

972
00:43:07,440 --> 00:43:09,320
Speaker 3: Have you talked to your partner? What does your budget

973
00:43:09,360 --> 00:43:12,719
Speaker 3: look like? If that's the case, could you do part

974
00:43:12,760 --> 00:43:14,960
Speaker 3: time study? I mean you could break it up. I

975
00:43:15,000 --> 00:43:17,719
Speaker 3: believe you have ten years to do a teaching degree,

976
00:43:17,920 --> 00:43:20,080
Speaker 3: so you could literally do it over ten years and

977
00:43:20,080 --> 00:43:21,640
Speaker 3: then once your kids are in high school then you

978
00:43:21,680 --> 00:43:23,759
Speaker 3: can go into that. And I mean, if this is

979
00:43:23,800 --> 00:43:26,239
Speaker 3: something you're wildly passionate about, maybe doing a unit here

980
00:43:26,280 --> 00:43:28,960
Speaker 3: and there, it doesn't feel like as much work as

981
00:43:29,200 --> 00:43:30,719
Speaker 3: you know it would if you were doing something that

982
00:43:30,760 --> 00:43:34,200
Speaker 3: you don't love. But I'm very much a believer in

983
00:43:34,520 --> 00:43:36,919
Speaker 3: chasing your passion. I would hate for you to get

984
00:43:36,960 --> 00:43:38,719
Speaker 3: to sixty and be like, yeah, I really wish I

985
00:43:38,760 --> 00:43:40,840
Speaker 3: had a different career. I really wish that I didn't

986
00:43:40,840 --> 00:43:43,160
Speaker 3: do these things. And I mean, yes, you've got to

987
00:43:43,200 --> 00:43:45,600
Speaker 3: provide for your kids, like let's work out your budget

988
00:43:45,600 --> 00:43:47,520
Speaker 3: and what that looks like and how that could work.

989
00:43:48,040 --> 00:43:49,799
Speaker 4: But I also just think.

990
00:43:50,480 --> 00:43:55,520
Speaker 3: That there are a lot more markers of success that

991
00:43:56,120 --> 00:43:58,640
Speaker 3: the research basically says that if you read to your

992
00:43:58,719 --> 00:44:01,440
Speaker 3: kids every single day, they will have a higher IQ

993
00:44:02,000 --> 00:44:03,440
Speaker 3: than anybody.

994
00:44:02,960 --> 00:44:05,520
Speaker 4: Who went through a private school.

995
00:44:05,560 --> 00:44:09,120
Speaker 3: I'd believe that if you give your kids, like one

996
00:44:09,120 --> 00:44:12,040
Speaker 3: of the markers of success of a happy child is

997
00:44:12,080 --> 00:44:15,080
Speaker 3: a happy mum. Like, I do so much research into

998
00:44:15,120 --> 00:44:18,080
Speaker 3: this space and I just look at it and go cool.

999
00:44:18,120 --> 00:44:20,359
Speaker 3: So you're saying that if I give Harvey a happy mum,

1000
00:44:20,480 --> 00:44:22,359
Speaker 3: he is more likely to be happy. If I give

1001
00:44:22,400 --> 00:44:26,239
Speaker 3: Harvey a calm mom, he's more likely to thrive. Fantastic, Like,

1002
00:44:26,280 --> 00:44:29,160
Speaker 3: how do we achieve that for you? Is it engaging

1003
00:44:29,200 --> 00:44:30,920
Speaker 3: you in something that you're really passionate about?

1004
00:44:31,120 --> 00:44:33,120
Speaker 4: Because like I feel like the answer might be yes,

1005
00:44:33,400 --> 00:44:35,600
Speaker 4: whatever and else, Oh my god. We all had opinions.

1006
00:44:35,800 --> 00:44:38,080
Speaker 3: So we asked the community jes We said, would you

1007
00:44:38,160 --> 00:44:40,440
Speaker 3: take on more study and debt to chase your passion

1008
00:44:40,480 --> 00:44:43,160
Speaker 3: and a better lifestyle? Fifty two percent of you said

1009
00:44:43,200 --> 00:44:45,600
Speaker 3: only with a solid planned to make a work, forty

1010
00:44:45,640 --> 00:44:47,960
Speaker 3: percent said one hundred percent life is too short, and

1011
00:44:48,000 --> 00:44:51,080
Speaker 3: eight percent said no, wouldn't deal. We then asked what

1012
00:44:51,120 --> 00:44:55,000
Speaker 3: matters more to you in a career long term? Fifty

1013
00:44:55,000 --> 00:44:58,359
Speaker 3: eight percent of you said flexibility and lifestyle, twenty nine

1014
00:44:58,400 --> 00:45:03,480
Speaker 3: percent doing something you love, and thirteen percent said earning potential. Now,

1015
00:45:03,520 --> 00:45:06,200
Speaker 3: as always, we said to the community, and I've got

1016
00:45:06,200 --> 00:45:08,279
Speaker 3: a few that I'm going to read out. We said

1017
00:45:08,280 --> 00:45:10,480
Speaker 3: to them, what are your two cents? And we not

1018
00:45:10,560 --> 00:45:13,080
Speaker 3: only got your two cents, we had a lot of

1019
00:45:13,120 --> 00:45:15,520
Speaker 3: conversations in your DMS. And now this is going to

1020
00:45:15,560 --> 00:45:19,560
Speaker 3: sound very negative, and I promise. I'm just sharing anecdotally

1021
00:45:19,960 --> 00:45:22,760
Speaker 3: what has happened in our DMS over the last week,

1022
00:45:23,080 --> 00:45:25,359
Speaker 3: and that is a lot of messages from a lot

1023
00:45:25,400 --> 00:45:28,080
Speaker 3: of teachers, and I would say that eighty percent of

1024
00:45:28,120 --> 00:45:31,080
Speaker 3: them are saying don't get into teaching. People would say

1025
00:45:31,120 --> 00:45:33,480
Speaker 3: things like it took my passion. They would say it's

1026
00:45:33,520 --> 00:45:36,160
Speaker 3: not what I expected. They would say, you're under like

1027
00:45:36,239 --> 00:45:40,920
Speaker 3: exactly what your friends are saying, undervalued, underappreciated, underfunded. A

1028
00:45:40,920 --> 00:45:43,600
Speaker 3: lot of teachers were saying that, you know, especially in

1029
00:45:43,640 --> 00:45:46,719
Speaker 3: the public system, they are having to use their personal

1030
00:45:46,760 --> 00:45:50,640
Speaker 3: money to buy things like pens and texters and drawing

1031
00:45:50,760 --> 00:45:54,040
Speaker 3: utensils and things that haven't been provided for them in

1032
00:45:54,080 --> 00:45:57,040
Speaker 3: the classroom that due to their curriculum they still need.

1033
00:45:57,200 --> 00:45:59,640
Speaker 4: And I just that really broke my heart because I

1034
00:45:59,680 --> 00:46:01,760
Speaker 4: was like, what do you mean? This is because I'm.

1035
00:46:01,600 --> 00:46:04,239
Speaker 3: Obviously not a teacher and only have a handful of

1036
00:46:04,239 --> 00:46:06,839
Speaker 3: people that I know are teachers, and it's not that often.

1037
00:46:06,560 --> 00:46:08,800
Speaker 4: That I go, so, tell me, what are the negatives

1038
00:46:08,840 --> 00:46:11,520
Speaker 4: of your career? Yeah? Why would I ask that at dinner?

1039
00:46:11,560 --> 00:46:11,799
Speaker 1: You know?

1040
00:46:12,400 --> 00:46:14,279
Speaker 3: So I think that was really eye opening to me,

1041
00:46:14,320 --> 00:46:16,680
Speaker 3: But I don't think to you just who you've probably

1042
00:46:16,719 --> 00:46:17,239
Speaker 3: heard it a lot.

1043
00:46:17,280 --> 00:46:18,040
Speaker 4: I've heard it a lot.

1044
00:46:18,280 --> 00:46:22,000
Speaker 3: Yeah, so the two cents from the community. First person said,

1045
00:46:22,160 --> 00:46:25,000
Speaker 3: not forty grand. It's Commonwealth supported and there are lots

1046
00:46:25,000 --> 00:46:26,640
Speaker 3: of grants. You need to do a lot of research

1047
00:46:26,719 --> 00:46:30,719
Speaker 3: because more teachers are needed. Next person said, also, the

1048
00:46:30,800 --> 00:46:33,759
Speaker 3: reason teaching is a dream career have nothing to do

1049
00:46:33,840 --> 00:46:34,800
Speaker 3: with the actual job.

1050
00:46:35,160 --> 00:46:36,239
Speaker 4: Yeah.

1051
00:46:36,360 --> 00:46:39,520
Speaker 3: Next person said, discounted school fees aren't a guarantee, and

1052
00:46:39,560 --> 00:46:42,480
Speaker 3: they're only for very specific private schools.

1053
00:46:42,719 --> 00:46:44,239
Speaker 4: Yeah, so maybe check the place you want to.

1054
00:46:44,400 --> 00:46:46,880
Speaker 3: I didn't even know that that was a thing, But

1055
00:46:46,920 --> 00:46:49,640
Speaker 3: that's a money when If that's the case, someone said,

1056
00:46:49,680 --> 00:46:52,600
Speaker 3: your kids will remember the wholesome moments, not the money

1057
00:46:52,600 --> 00:46:53,320
Speaker 3: made moments.

1058
00:46:53,840 --> 00:46:54,680
Speaker 4: That's very true.

1059
00:46:55,120 --> 00:46:58,520
Speaker 3: Next person said, speak to some teachers before you jump ship.

1060
00:46:58,560 --> 00:47:02,040
Speaker 3: The reality is not is good as the ideal. Someone

1061
00:47:02,080 --> 00:47:04,360
Speaker 3: else said, I'm a teacher, and you do earn decent

1062
00:47:04,400 --> 00:47:06,759
Speaker 3: money in leadership within schools, and I mean you still

1063
00:47:06,760 --> 00:47:10,279
Speaker 3: get the holidays off, so win win. Another person said

1064
00:47:10,320 --> 00:47:12,600
Speaker 3: teaching has changed a lot in the past five to

1065
00:47:12,680 --> 00:47:13,240
Speaker 3: ten years.

1066
00:47:13,520 --> 00:47:15,120
Speaker 4: Maybe evolunteer. You're in a glassroom.

1067
00:47:15,160 --> 00:47:18,320
Speaker 3: First, Yeah, this feels so negative.

1068
00:47:18,320 --> 00:47:20,279
Speaker 4: And if you're a teacher who loves their job. I

1069
00:47:20,400 --> 00:47:21,280
Speaker 4: hear you as.

1070
00:47:21,120 --> 00:47:23,600
Speaker 3: Well, but I think it's so important to just boots

1071
00:47:23,640 --> 00:47:26,520
Speaker 3: and all share what we are seeing. Yeah, this is

1072
00:47:26,560 --> 00:47:30,799
Speaker 3: not our opinion. It's more just sharing the communities. Next

1073
00:47:30,800 --> 00:47:33,360
Speaker 3: person said, and I'm going to leave it at this. Actually,

1074
00:47:33,600 --> 00:47:37,320
Speaker 3: last person said, currently doing this right now, just started

1075
00:47:37,360 --> 00:47:37,880
Speaker 3: this term.

1076
00:47:37,920 --> 00:47:40,319
Speaker 4: It's been ten years in the making. I'm loving it.

1077
00:47:40,480 --> 00:47:43,359
Speaker 4: Just congratulations. I think I did plat too.

1078
00:47:43,400 --> 00:47:45,920
Speaker 5: Absolutely positives, there's negative incredible career.

1079
00:47:46,000 --> 00:47:49,359
Speaker 4: I'm sorry if that confused you further, Hey, good luck,

1080
00:47:49,440 --> 00:47:50,320
Speaker 4: let us know what you decided.

1081
00:47:50,480 --> 00:47:53,680
Speaker 3: Yeah, anyway, Unfortunately, that is all we have time for today.

1082
00:47:53,719 --> 00:47:55,759
Speaker 3: So guys, we will see you bright and early on

1083
00:47:55,800 --> 00:47:57,200
Speaker 3: Monday morning for our money.

1084
00:47:57,239 --> 00:47:58,680
Speaker 4: Darry hie By.

1085
00:48:04,640 --> 00:48:07,200
Speaker 3: The advice shared on She's on the Money is general

1086
00:48:07,239 --> 00:48:11,080
Speaker 3: in nature and does not consider your individual circumstances. She's

1087
00:48:11,120 --> 00:48:14,600
Speaker 3: on the Money exists purely for educational purposes and should

1088
00:48:14,640 --> 00:48:17,800
Speaker 3: not be relied upon to make an investment or financial decision.

1089
00:48:18,200 --> 00:48:20,440
Speaker 4: If you do choose to buy a financial.

1090
00:48:20,000 --> 00:48:24,360
Speaker 3: Product, read the PDS TMD and obtain appropriate financial advice.

1091
00:48:24,040 --> 00:48:25,360
Speaker 4: Tailored towards your needs.

1092
00:48:25,719 --> 00:48:29,680
Speaker 3: Victoria Divine and She's on the Money are authorized representatives

1093
00:48:29,719 --> 00:48:33,600
Speaker 3: of money Shepper pty Ltd ABN three two one is

1094
00:48:33,640 --> 00:48:37,480
Speaker 3: six four nine two seven seven zero eight AFSL four

1095
00:48:37,600 --> 00:48:44,040
Speaker 3: five one two eight nine