Speaker 1: Hello, my name is Santasha Nabananga Bamblet. I'm a proud
Speaker 1: or the Order, Kernie Whoalbury and a waddery woman. And
Speaker 1: before we get started on She's on the Money podcast,
Speaker 1: I would like to acknowledge the traditional custodians of the
Speaker 1: land of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money.
Speaker 4: She's on the Money.
Speaker 5: Hello, and welcome to She's on the Money, the podcast
Speaker 5: that makes personal finance.
Speaker 3: Fun, especially on Fridays.
Speaker 5: It is our favorite day of the week because one
Speaker 5: it was Christmas.
Speaker 3: News is coming, but it's also.
Speaker 5: A time for us to get our little team together
Speaker 5: and celebrate you, our incredible She's on the Money family.
Speaker 5: Jessic Ricci has a few favorite non Christmas money wins. Yes,
Speaker 5: I'm sorry, Jess, Christmas is over, Beck. We're going to
Speaker 5: be sharing some of your very exciting broke tips to
Speaker 5: help tide us over till the new year, and we're
Speaker 5: going to be helping to answer a juicy money dilemma,
Speaker 5: which this week is all about investing for kids and
Speaker 5: something that you leading into our dms about whether you
Speaker 5: should leave your job after missing out on a promotional
Speaker 5: or not.
Speaker 3: Juicy.
Speaker 5: So how are we all as a good start to
Speaker 5: the conversation?
Speaker 6: You go first, yess good, I'm living in the post
Speaker 6: Christmas bubble. Are you guys tree down before the end
Speaker 6: of the year or leave it up forrages until.
Speaker 5: My husband starts complaining aggressively about the fact that it's
Speaker 5: up and it's still February, so I haven't hit that
Speaker 5: not taking it down?
Speaker 6: Interesting, No, mine's got to be down before January first,
Speaker 6: which is I mean? I guess I get a lot
Speaker 6: of mile age pre Christmas. Sure to me, I feel like,
Speaker 6: you know, the new year knew me fresh slate thing. Yeah,
Speaker 6: I feel like if I have the Christmas tree up,
Speaker 6: I'm still living in.
Speaker 2: Yes, maybe I should go on sprinkling and take it down.
Speaker 6: You're so like I have weird things like go on
Speaker 6: Christmas as soon as like, Okay.
Speaker 2: I don't want to see more of it.
Speaker 5: Yeah, I expected Miss Jessic Ricci to be like milk
Speaker 5: and Christmas for all its work, but here she is,
Speaker 5: She's like, right, so the Christmas tree is absolutely down, Beck,
Speaker 5: would you like to go to colds and pick up
Speaker 5: some hot Cross buns?
Speaker 6: Yeah?
Speaker 3: I feel like you're onto the next.
Speaker 2: Absolutely, you're f boy.
Speaker 7: Yeah, one thing goes away, like, okay, where.
Speaker 2: Where's my next waking next?
Speaker 6: Literally, how about you guys? How's your week spen?
Speaker 5: Oh? I am absolutely gonna maybe consider taking my Christmas
Speaker 5: tree down.
Speaker 3: And when I say that.
Speaker 5: I'm just going to think about it and not do it.
Speaker 3: It's been good, It's been good. It's very fun.
Speaker 5: I love this lull between Christmas and New Years where
Speaker 5: you forget what day it is, Like what day is it?
Speaker 3: You don't know it's Wednesday.
Speaker 4: Days.
Speaker 7: Yeah, it's like real guilt free, not not that it
Speaker 7: ever shouldn't be guilt free, but it's like really guilt
Speaker 7: free rest.
Speaker 5: Yeah, because I think the thing that I like about
Speaker 5: this period and maybe like this isn't as relatable because
Speaker 5: I'm a business owner, is it's the only week of
Speaker 5: the year where I know the rest of the team
Speaker 5: aren't all on like people going on your leave, but
Speaker 5: like the business is always on right, even when I'm
Speaker 5: on holidays, Like I'm still checking in being like how
Speaker 5: are you guys, what are you doing?
Speaker 3: Do you need me for anything?
Speaker 5: I know I'm not needed this week because like even
Speaker 5: the girls that are at work, because we still have
Speaker 5: like I guess you could say like bait bones teams
Speaker 5: to make sure that you know the admin's still done
Speaker 5: and that all of you get someone you know to
Speaker 5: come back to you. But like it's one week that
Speaker 5: I'm like, nobody needs anything from me.
Speaker 3: This is living.
Speaker 5: Yeah, I'm going to have a second cocktail on a Tuesday.
Speaker 3: I am going to do that.
Speaker 7: Yeah, definitely. There are no rules, there's no real I
Speaker 7: don't think there ever should be. But it's it's nice
Speaker 7: that we all can collectively.
Speaker 3: Pressure free week. It really is.
Speaker 2: It really is.
Speaker 7: And me I'm back from Sydney, which is really nice.
Speaker 7: It's been a honestly been of a hell of a time.
Speaker 7: I've been like waiting for this PA cycle because I'm like, okay,
Speaker 7: it's Christmas.
Speaker 2: It's going to be very expensive.
Speaker 7: My car got told in the city, no, it costs
Speaker 7: five hundred dollars.
Speaker 2: Did you park standing clearway? But it was one that
Speaker 2: started at four. I thought they started four thirty.
Speaker 5: Bro, you don't even have the excuse of being pregnant.
Speaker 5: But I remember I had that when I was pregnant.
Speaker 5: I parked in there. It was not fun. It was
Speaker 5: not fun in the city. Yeah, in this Oh no,
Speaker 5: it was like in Richmond. And then they take your
Speaker 5: car to that place in Fitzroy and then you have
Speaker 5: to go pick it up, and then it feels really weird,
Speaker 5: Like you go in and it's this weird office and
Speaker 5: they want your money and then they give you your
Speaker 5: keys and you're just like, I feel like a criminal.
Speaker 3: Yeah, I am a criminal. It's crazy.
Speaker 7: It's literally well it depends on the council. But it
Speaker 7: was Melbourne City and so four hundred nine dollars and
Speaker 7: then one hundred and ninety something dollar fine as.
Speaker 5: Well, what fine on top of that.
Speaker 2: I know, luckily I could borrow money.
Speaker 3: But I think I got fine.
Speaker 5: I think I just got the toe and I took
Speaker 5: my car.
Speaker 3: I don't think I know that opening.
Speaker 2: They forget sometimes they do. You know, they're just the
Speaker 2: only human.
Speaker 5: Out of it.
Speaker 3: You should do it.
Speaker 5: Jessica Ricci, she always writes a letter.
Speaker 2: I'll write a letter that's a really good idea.
Speaker 7: I'll just do It's Christmas, you guys, come on, I
Speaker 7: mean it was Christmas.
Speaker 3: Come up with a better excuse than that. I could.
Speaker 5: I could think it was helping a really frail old
Speaker 5: man cross the street and therefore I couldn't get back
Speaker 5: to my car in time.
Speaker 3: And also there were.
Speaker 5: Four puppies stuck in a drain and I saved them all.
Speaker 5: And you guys treat me like this.
Speaker 7: And then I finally got up and saw so I
Speaker 7: want about to hit by cars. Away, ran in front
Speaker 7: of them and push them. I got hit by a car.
Speaker 7: It's a whole thing.
Speaker 3: And then I found fifty bucks on the floor. Like
Speaker 3: I just that there has to be a story.
Speaker 2: Yeah, true, true. They were like, okay, well that's our
Speaker 2: fifty bucks.
Speaker 7: Yeah, but no other than that. Honestly, it's been been
Speaker 7: so jobs looking for a house housemate to solve anyone
Speaker 7: out there. Ha's a room, let me know, yes, a
Speaker 7: bit all over the place.
Speaker 2: But it's also fun. I'm having I'm having the time
Speaker 2: in my life.
Speaker 5: I love it all right, Well, should we get into
Speaker 5: it because this week we obviously are a bit lean
Speaker 5: on content because scoletal team in the office.
Speaker 3: But we have a heap of.
Speaker 5: Bloopers from the year that was that we're going to
Speaker 5: share with you before we you know, start fresh and
Speaker 5: be better next year.
Speaker 6: It's my favorite tradition. I love the bloopers.
Speaker 5: I'm not looking forward to it because I just know
Speaker 5: that every single time we play them, I'm humbled. But
Speaker 5: before we get into the bloopers, we actually have another
Speaker 5: five star review. This one comes to us in an
Speaker 5: aroundabout way, So this one's from Carolyn and she actually
Speaker 5: sent us a DM of her five star review.
Speaker 6: Oh, I'm really trying all methods.
Speaker 3: I can leave them on.
Speaker 5: I'll take them however they're coming because they just stroke
Speaker 5: out egos that this one's from Carolyn, Lol. Don't know
Speaker 5: how to leave a review on a podcast, so I'm
Speaker 5: going to send you this. Honestly, this podcast is part
Speaker 5: of my self care. I want more content from Jess
Speaker 5: making things coming from another creative queen. I am currently
Speaker 5: making handkerchiefs for the oldies in my life who need them,
Speaker 5: and I'm personalizing them. But I'm going to need a
Speaker 5: Robovac to make time for all of this sewing. With
Speaker 5: how much we work as mums, these days. We need
Speaker 5: things to cook and clean for us. I work four
Speaker 5: days a week with a fifteen month old, so it
Speaker 5: is tough to do everything. But thank you so much
Speaker 5: for joining me on my drives to work. You guys
Speaker 5: are all friends of mine, and I spend so much
Speaker 5: time with you guys. It's been years, as I have
Speaker 5: been listening since the beginning.
Speaker 2: Oh that's a really really nice.
Speaker 5: Time, isn't that so sweet? Also, I'll take my reviews
Speaker 5: however they come. You want to send them in DMS?
Speaker 2: Sleigh, Absolutely, you do.
Speaker 6: You want to leave them publicly? You can go in
Speaker 6: the Apple podcast app and it's you go to our
Speaker 6: little show page and you scroll down to the bottom
Speaker 6: and you can leave.
Speaker 3: You can leave.
Speaker 2: Do you have to have an Apple phone? No?
Speaker 5: No, yes you do need to have an Apple phone
Speaker 5: to be able to leave an Apple review. But you
Speaker 5: could rate us five stars on Spotify if that's what
Speaker 5: you wanted to do. If you really want to leave
Speaker 5: a text post, lots of people have been leaving them
Speaker 5: on Google. I just think that's so funny, like leaving
Speaker 5: podcast reviews on a Google page.
Speaker 3: But let's take it. We'll take whatever we can get.
Speaker 3: So yeah, we'll picky. We just appreciate it.
Speaker 2: Yeah, I love that.
Speaker 3: It's so cute.
Speaker 5: All right, so let's get into it missteress. Yes, when
Speaker 5: it comes to money, wins and confessions, what are you
Speaker 5: bringing to the table?
Speaker 6: Alrighty? This week, my first money even comes from a
Speaker 6: Rachel who said she was out of her usual misca
Speaker 6: and she knew that at least one chemist in town
Speaker 6: was going to have it on sale. Isn't that the truth?
Speaker 6: She went to Priceline because they had it fifty percent
Speaker 6: off on the website, but when she got into store
Speaker 6: there was no sale tag. She asked the lovely sales
Speaker 6: girl if she could check the price, and apparently it
Speaker 6: was an online only sale.
Speaker 2: No, how annoying.
Speaker 6: So annoying. The girl then said, order it, click and collect,
Speaker 6: and I'll pick it for you right now and you
Speaker 6: can just go on your merry way. So asking the
Speaker 6: question saved her fifteen dollars and it only took two
Speaker 6: minutes of her time.
Speaker 7: That's so good and so nicely she was like, I'll
Speaker 7: pick a for you right now, because sometimes it's like
Speaker 7: twenty four hours.
Speaker 2: It's going to take me between four hours to pick that.
Speaker 1: Up for you.
Speaker 6: Yeah, shout out to that queen, shout out to her. Next,
Speaker 6: I've got money in from Simmo, who said for Christmas
Speaker 6: she did some styling wrapping. She used all the paper
Speaker 6: bags that she'd purchased her items in. Oh yeah, I think.
Speaker 8: I also think.
Speaker 5: Now's the time to save all your Christmas wrapping. So
Speaker 5: go and buy all the gift tags and stuff. It's
Speaker 5: all fifty yep, yes, yep, go buy them, put them
Speaker 5: in the cupboard for next year. A hundred's gonna thank you.
Speaker 6: Yeah, we love that. Next, I've got a money in
Speaker 6: from Jessica, who said money good in great name. I
Speaker 6: recently learned how to crochet for fun a few months ago,
Speaker 6: and I was able to sell some of the pieces
Speaker 6: at a couple of markets last week. The side hustle
Speaker 6: is hustling. She said she made just over three hundred
Speaker 6: dollars in sales and she's hoping she can do more
Speaker 6: with markets next year. And she put in a little
Speaker 6: photo of her adorable.
Speaker 3: Oh they're cute, corner side will.
Speaker 6: Die, They're adorable. May I suggest sad hamsters. The girlies
Speaker 6: love a sad hamster.
Speaker 3: We do love a sad handle.
Speaker 6: Because I've got a money loss from Alps who said
Speaker 6: money loss courtesy of BGW market and she's just done
Speaker 6: what I ordered or what I expected were versus what
Speaker 6: I got me too. So she had ordered a wreath.
Speaker 6: It looks beautiful. There's some floral Jesus, Jesus and Mary
Speaker 6: giving a bit of a Nativity vibes.
Speaker 3: It looks stunning.
Speaker 6: And then she posted a video of what she got
Speaker 6: and it's like the classic wish version. It's just a
Speaker 6: cardboard print. She thought, she thinks she's bought this wreath
Speaker 6: and she's literally received a cardboard photo.
Speaker 2: We need.
Speaker 3: The kozoo sound.
Speaker 6: Is at the back of it the video, so yeah,
Speaker 6: let's see.
Speaker 5: Okay, she got a piece of cardboard, a cardboard with.
Speaker 6: A photo of the thing that she thought she I
Speaker 6: do believe that happened on the I mean I know
Speaker 6: that it's the marketplace, so I'm assuming they don't.
Speaker 2: Really.
Speaker 5: No, I feel like they're getting they're getting real lax.
Speaker 5: I bought something last year. Do you remember when I
Speaker 5: bought that spa? So like that sounds unrelatable, but it
Speaker 5: was an inflatable I bought the inflatable spa and it
Speaker 5: came and it was broken, and I had so much
Speaker 5: back and forth, and they wouldn't take responsibility. It wasn't
Speaker 5: Big w it was actually Woolworth's marketplace, and they wouldn't
Speaker 5: take responsibility for it. They said no, no, no, it's the
Speaker 5: third party. And then I went to the person the
Speaker 5: third party and they said no, no, no, if it came
Speaker 5: through Woolworth, so that's got nothing to do with us.
Speaker 5: And then when I was like, okay, cool, well you
Speaker 5: both have denied it, they're like, oh, shipping, it's a
Speaker 5: shipping company and it was a nightmare and I never
Speaker 5: got my money back.
Speaker 6: So annoying, really, those third Yeah, those third party setups
Speaker 6: a little bit.
Speaker 3: It's just I get that they're making money, but like, oh,
Speaker 3: just just it's not.
Speaker 6: You need to at least get what you're expecting. Like
Speaker 6: a cardboard cutout is absolutely.
Speaker 3: Not absolutely not, absolutely not.
Speaker 5: All right, Beck, let's flip on over to your side
Speaker 5: of the room.
Speaker 3: What broke tips you bring into the table this week?
Speaker 7: Okay, So this first one, I didn't catch their name,
Speaker 7: but they said, hi, all, I'm listening to today's episode
Speaker 7: and you were talking.
Speaker 2: About public olive trees. I do remember that there's this
Speaker 2: website I use.
Speaker 6: Called olive trees take a little snippy snip. Yes, yes, correct.
Speaker 7: Sorry, oh my god, I just brush over that without
Speaker 7: giving anyone any context. But yes, you can make your
Speaker 7: own little olive things. That also doesn't clear it up anyway.
Speaker 7: There's a website I use called Falling Fruit, which is
Speaker 7: a map of public fruit trees. They say, don't be
Speaker 7: a dic k obviously, and you know, just steal everyone's fruit.
Speaker 7: But it's a good way to find free fruit in
Speaker 7: season from feral trees where the fruit would otherwise just
Speaker 7: rotten be wasted.
Speaker 3: So cool, it's a really good idea.
Speaker 6: I love that there's an app for that. Yeah, I
Speaker 6: think that's so smart.
Speaker 3: I adore it.
Speaker 5: There's actually on the walk that my husband and I do,
Speaker 5: there's a fig tree, and if you know me, I
Speaker 5: adore figs, like figs would be my favorite fruit. But
Speaker 5: they're so expensive, so like I can't buy them, like
Speaker 5: like not not because I can't afford them. I don't
Speaker 5: want people to be like Victoria. We know that you
Speaker 5: can afford a fit. I can, but I can't justify
Speaker 5: it like that's like a luxury like that I'm just
Speaker 5: one figure. They can be like three or four dollars,
Speaker 5: which I think is just insane for like two, like
Speaker 5: generously two spoonfuls of.
Speaker 2: Yeah, like fruit.
Speaker 5: I just I can't justify it, but they are delicious.
Speaker 5: And so I have had this fig tree in my
Speaker 5: radar because I can see the figs aren't right, you're
Speaker 5: just waiting, waiting, like Jessica, someone ransacked the tree and
Speaker 5: there's no figs.
Speaker 3: Broken. Oh that's so sad.
Speaker 5: Yeah, well that's the So I'm going to go on
Speaker 5: this app and find where the other figs are and
Speaker 5: have a little turn.
Speaker 7: Yeah, several turn, So this one obviously, you know where
Speaker 7: kind of looking forward now to our future Christmas selves,
Speaker 7: and we're on every single year. I feel like maybe
Speaker 7: we're all the same. We're like, Okay, next Christmas, I'm
Speaker 7: going to be a little bit better.
Speaker 5: But when now's the time to set up your savings
Speaker 5: account and to the automatic transfers to make sure it
Speaker 5: actually happens. Totally, you're probably still feeling the sting from Christmas,
Speaker 5: so set it up while it's still hurts, instead of
Speaker 5: like letting it get to February or March and you're like,
Speaker 5: I'll work it out later.
Speaker 3: Yeah, totally.
Speaker 7: Well I that little preface was just to justify this
Speaker 7: very Christmas paper tip from Katie. So we did mention this,
Speaker 7: I think a couple weeks ago. But Katy says, buy
Speaker 7: a roll of brown paper from bigw and paint your
Speaker 7: own wrapping paper. Kids love it, and my husband and
Speaker 7: I are making a date night of it. How cute
Speaker 7: painting paper for the gifts for each other this Christmas.
Speaker 7: So I think that's a really really cute idea. And
Speaker 7: obviously if you.
Speaker 6: Have birthdays and stuff too.
Speaker 5: I have been using brown paper for forever. I just
Speaker 5: changed the decoration that I put on it. Right now,
Speaker 5: there's going to be so many like Christmas bows and
Speaker 5: stuff that will be on sale that you could use
Speaker 5: with brown paper for birthdays. Yes, because like it, just
Speaker 5: because it's rare doesn't mean it can't be used at
Speaker 5: a birthday.
Speaker 7: Yeah, absolutely, absolutely, Yeah, because there are other things you
Speaker 7: need to wrap throughout the year. So yeah, just keep
Speaker 7: that in mind for your also for your future Christmas self.
Speaker 3: Okay, so this one I thought was really funny.
Speaker 7: This is also quite Christmasy, but you can use this
Speaker 7: for any other celebration, but keep it in mind for
Speaker 7: next Christmas. So do a secret Santa with strictly Facebook
Speaker 7: marketplace freebies, so you just like, yeah, icon't terrifying. Yeah,
Speaker 7: but you know, like there's also you know, gum I
Speaker 7: don't don't know if anyone uses gum tree anymore, but.
Speaker 3: Guy still around.
Speaker 2: I still kind of.
Speaker 7: Use it, But gum Tree there's a free section marketplace
Speaker 7: free section, just like it's like the marketplace edition of
Speaker 7: Secret Santa. So I think it's really cute, really funny. Yeah,
Speaker 7: and you can get some silly things all for free.
Speaker 7: We love free pair it with your handmade brown paper perfect.
Speaker 3: I love that. That's really cute.
Speaker 5: All right, let's go to a really quick break because
Speaker 5: on the flip side, we're going to be talking about
Speaker 5: a money dilemma this week. We're talking investing for kids
Speaker 5: and something that you slid into our DMS about. We're
Speaker 5: going to be asking the question whether you should be
Speaker 5: leaving your job after you didn't get the promotion.
Speaker 3: You went for.
Speaker 5: I feel like that could be spicy, like could be good,
Speaker 5: could be bad?
Speaker 6: Yeah, sometimes maybe good sometimes maybe. Welcome back, everybody. Let's
Speaker 6: take a listen to this week's money dilemma.
Speaker 3: Hi, there, have you got a money dilemma?
Speaker 5: You just can't solve the sheese on The Money Team
Speaker 5: is here to help. Every week, we tackle your dilemmas,
Speaker 5: both big and small, to answer your most burning money,
Speaker 5: career and life questions. To get involved, simply head to
Speaker 5: our website and leave us a short voice recording and
Speaker 5: you might just find yourself on the show. Now, let's
Speaker 5: take a listen to this week's money dilemma.
Speaker 2: High Team love the podcast.
Speaker 8: I've been listening through your back catalog on investing for children,
Speaker 8: which has been super helpful, but I was hoping you
Speaker 8: to give a bit more information on the investment bond
Speaker 8: that you chose.
Speaker 3: For Harvey Victoria.
Speaker 8: I've had a Google and there seems to be a
Speaker 8: lot of information on investment bonds, but none from I
Speaker 8: guess providers that I recognize, and I don't know what
Speaker 8: I should be looking for in terms of a reputable
Speaker 8: investment bond or if there are specific brands that are
Speaker 8: better than others depending on my needs. Hoping that you
Speaker 8: could give a little bit more of an explainer on
Speaker 8: how to choose an investment bond and what to look
Speaker 8: for to set this up in the best possible way
Speaker 8: for my kids.
Speaker 3: Thanks so much.
Speaker 5: Ooh spicy. This is going to be some personal financial
Speaker 5: advice which I'm legally not allowed to give.
Speaker 6: So yeah, there is that.
Speaker 5: Yeah, I mean it's a fun conversation because and this
Speaker 5: is why we've said, yeah, let's like answer this on
Speaker 5: the pod, because I'm obviously not going to go, oh, hey, well,
Speaker 5: the reputable one is X. There are a number of
Speaker 5: reputable companies in Australia. As I've said on podcasts before, like,
Speaker 5: I totally understand that you guys, and this is like,
Speaker 5: I don't know. I feel like I'm being a gatekeeper.
Speaker 5: And I promise I'm not trying to be a gatekeeper.
Speaker 5: But I know that I'm a finance expert, Like I
Speaker 5: know that as a fact. I also know that you
Speaker 5: guys are so kind and so nice and trust me
Speaker 5: so much that if I shared the exact investment bond
Speaker 5: I have for Harvey, You're just going to pick that one.
Speaker 6: I know.
Speaker 5: I know that's what's going to happen. It happens in
Speaker 5: my team, it happens in my life all the time,
Speaker 5: where I go, I invest in X, y Z, and
Speaker 5: then someone will just pick that because I picked that,
Speaker 5: and that doesn't mean it's.
Speaker 3: The right thing. For you.
Speaker 5: So when you're looking into investment bonds, there are lots
Speaker 5: of different, very reputable places that offer them here in Australia, right.
Speaker 3: I worked a couple of years.
Speaker 5: Ago, now a year ago with Australian Unity, who are
Speaker 5: most known for their superannuation. There is Gen Life, they
Speaker 5: have a lot of investment bond products. They have a
Speaker 5: child specific investment bond product. There's Centuria Capital, I DOUBLEF
Speaker 5: you can even find some information on the ASX website
Speaker 5: about it. I think it's all about finding a company
Speaker 5: and then validating the information. So if you've never looked
Speaker 5: into investment bonds, you're probably never going to have heard
Speaker 5: of Generation Life, right because they specialize in investment bonds.
Speaker 5: So yeah, you might not have heard of the company,
Speaker 5: but that doesn't mean they're not super legitimate. So I
Speaker 5: think it's about then fact checking. You know who's their CEO,
Speaker 5: what happens, you know, how many customers do they have,
Speaker 5: how long have they operated for? Like do you feel
Speaker 5: comfortable with it? And I think for those of you
Speaker 5: who haven't heard of anvestment bond and investment bond is
Speaker 5: a way that a lot of people, especially higher income earners,
Speaker 5: find investing for kids quite attractive because an investment bond
Speaker 5: is a tax paid investment, which means that the earnings
Speaker 5: of that investment are actually taxed within the fund, so
Speaker 5: they're not a part of your personal income tax and
Speaker 5: you don't have to pay it at your marginal tax rate,
Speaker 5: which is very sexy, especially for those people who earn
Speaker 5: those top brackets of marginal income. So does that mean
Speaker 5: I can make a recommendation.
Speaker 3: Absolutely not.
Speaker 5: But I think it's about doing your own research and
Speaker 5: starting to look into options and like maybe make a
Speaker 5: spreadsheet right down the ones that you're finding. But I'm
Speaker 5: not surprised that you haven't heard of the companies that
Speaker 5: are offering investment bonds because at the end of the day,
Speaker 5: a lot of them, they're entire offering is bonds, So
Speaker 5: why would you have engaged with that platform before.
Speaker 3: So I'm not surprised.
Speaker 5: You've never heard of them, but if you started to
Speaker 5: dig deeper. So for example, I'm just going to ask
Speaker 5: you to have you heard of Generation Life before?
Speaker 6: Literally?
Speaker 2: Never?
Speaker 8: Never?
Speaker 5: Cool?
Speaker 3: Have you heard of Grant Hackett before?
Speaker 6: Yes? Is that a queer plas of some sort?
Speaker 5: Yep? Oh yeah, but you know the name, right, Yeah, cool,
Speaker 5: he's their ceosy.
Speaker 6: Yes, look at it. Bo.
Speaker 5: So like, the more you get into it, the more
Speaker 5: you're going to learn about the platform and how that
Speaker 5: works and go oh there are some names I understand.
Speaker 3: So I think it's all about doing your research.
Speaker 5: Because investment bonds they're not that talked about, but like
Speaker 5: they are very.
Speaker 6: Popular and if you do want to dive into the
Speaker 6: archives a little bit like our listener, we'll PubL link
Speaker 6: in the show notes to that episode on Investing VI
Speaker 6: Kids where you chat about investment bonds. Yeah.
Speaker 5: Absolutely, all right, let's move on because guys, obviously we
Speaker 5: had a DM this week and I can't wait to
Speaker 5: dive in and have a.
Speaker 3: Yap about it. Are you ready?
Speaker 2: Yes?
Speaker 5: Okay, so this week we got a DM. Hey, she
Speaker 5: is on the money. I need your advice as I'm
Speaker 5: feeling stuck after a tough year. I went through a promotion.
Speaker 5: I've been working towards with extra hours and new responsibilities,
Speaker 5: and I've been getting so much positive feedback, but I
Speaker 5: still didn't get it. They gave it to someone else,
Speaker 5: and I'm left wondering if I'm wasting my time. My
Speaker 5: husband says, the only way to get ahead is to
Speaker 5: leave and start fresh in the new year, but that
Speaker 5: idea feels overwhelming. I've invested so much here and I'm
Speaker 5: scared leaving. We've been throwing it all away. Maybe I'm
Speaker 5: holding myself back by staying where I'm not valued. The
Speaker 5: new you feels like a turning point, but I don't
Speaker 5: know which way to go.
Speaker 3: What would you do?
Speaker 7: This feels very similar to when I started working here.
Speaker 7: Actually I was on reception and I really wanted to
Speaker 7: get into like the book at you working your way
Speaker 7: up thank You, and I spend so much time. But
Speaker 7: you know, my situation was different, I do want to say,
Speaker 7: because I was at zero, like no quoals, no anything,
Speaker 7: and then tried to work my way into video, which
Speaker 7: is very you know, you would ideally have maybe a
Speaker 7: degree or something, and so mine was different. But I
Speaker 7: remember going for a few jobs and just I repeatedly
Speaker 7: got like really good feedback and everyone was very impressed
Speaker 7: by like my determination and all this kind of stuff.
Speaker 7: And I kept getting really good feedback, but then not
Speaker 7: getting the job and being like, I literally don't know
Speaker 7: what's happening. I'm I'm about to walk out of here
Speaker 7: and just give it all up, But I just you know, I.
Speaker 3: Think that she's a tenacious queen.
Speaker 2: She's a tenacious queen.
Speaker 7: Also, I was like, this really is it's who you know,
Speaker 7: because on my resume right now, no one else is
Speaker 7: ever going to consider me for the same role.
Speaker 5: Absolutely very sweet hot on freelance now too? Sorry are
Speaker 5: you not the video editor Ones podcast?
Speaker 2: I am now, I am now, I've really.
Speaker 6: Me.
Speaker 3: I'm sorry? Have you not got a big job as well?
Speaker 2: That's true, I should rephrase it.
Speaker 7: I mean like at the time, I was more like
Speaker 7: with my current you know, resume, and I was just like,
Speaker 7: you know that that kind of thing isn't going to
Speaker 7: be considered anywhere.
Speaker 2: El So for me it was different.
Speaker 7: I do want to say that also, I don't know
Speaker 7: that this is necessary, but getting ahead looks different for
Speaker 7: sometimes going to look different for a man and a woman.
Speaker 7: So I appreciate your husband's support, but it might look
Speaker 7: a little bit different for you anyway.
Speaker 2: All I'm saying is I would maybe.
Speaker 3: Talk to if it's possible, talk.
Speaker 7: To the person hiring or whoever you have a relationship
Speaker 7: with there and express that you're probably going to It's
Speaker 7: very normal to feel completely disenchanted by this point and
Speaker 7: be like, I actually just worn out now because I
Speaker 7: keep getting told that I'm doing well, why and my
Speaker 7: not moving up? Maybe just like discussing that not in
Speaker 7: like a way. It's like either give me a job
Speaker 7: or I'm out of here, or give me a promotion'
Speaker 7: or I'm out of here more. Just like I think
Speaker 7: I have to cap myself at like I think I'm
Speaker 7: going to give it six more months if nothing really changes, unfortunately,
Speaker 7: I do have to like look elsewhere, just kind of
Speaker 7: like I don't know, maybe if it's a candid if
Speaker 7: you can have a candid chat with someone about that,
Speaker 7: that might make them be like, oh crap, we don't
Speaker 7: want to like get rid of this person and we
Speaker 7: don't want to lose this person. But even for yourself,
Speaker 7: maybe give yourself like a mental timeline and be like,
Speaker 7: if by June next year nothing changes or I'm not
Speaker 7: even slightly closer, I'm gonna look elsewhere because I feel
Speaker 7: like the experience someone else will sum there's someone out
Speaker 7: there that's looking that they'll snap you up.
Speaker 3: What do you reckon, Jess?
Speaker 6: I would seek feedback, I think, like to agree with
Speaker 6: what you were saying.
Speaker 1: Back.
Speaker 6: I think it's really hard when you're like, I feel
Speaker 6: like I'm doing all the right things. I'm getting good feedback,
Speaker 6: I'm meeting my results, I'm hitting my KPIs whatever that
Speaker 6: looks like for you. I'm doing all the right things,
Speaker 6: but nothing is changing, you know, And I can understand
Speaker 6: how for our listener you would think, oh, but what
Speaker 6: else could I possibly do? What else do you want
Speaker 6: from me? So I think trying to get the feedback
Speaker 6: from whoever was hiring, or from your manager, your head
Speaker 6: of department, whatever, and saying, hey, like, what was the difference,
Speaker 6: like out of curiosity, like what pushed this person over
Speaker 6: the edge versus me? Because obviously it's hard outside looking
Speaker 6: in to know exactly what somebody has going on, or
Speaker 6: what experience they've got, or what might have you know,
Speaker 6: maybe it's their personality, it could be, as you were saying,
Speaker 6: in an element of who you know, like it would
Speaker 6: be a miss to not acknowledge that that is sometimes
Speaker 6: a factor. So seeking feedback on what the difference is
Speaker 6: and saying, hey, like, what do I need to do
Speaker 6: to get to xyzed? I think setting like really measurable, attainable,
Speaker 6: actionable things for yourself With that being said, I kind
Speaker 6: of would echo what your partner said, Like we've spoken
Speaker 6: about it before. You know, it's people who change jobs
Speaker 6: every is it three years, two to three years on average,
Speaker 6: earn more, receive more promotions because they're moving outside of
Speaker 6: their bubble. And I was talking to a friend about
Speaker 6: this recently. I think that people, and I put myself
Speaker 6: very much in this bucket, people who are risk adverse
Speaker 6: get in our own way. I was reading a biography
Speaker 6: of a CEO and something that I've seen in a
Speaker 6: lot of those you know, biographies, in LinkedIn posts, whatever,
Speaker 6: people reflecting on their experiences. It seems to be that
Speaker 6: whether it's fate, whether it's luck, whether it's just taking
Speaker 6: the chance, people who take risks seem to go further.
Speaker 6: And that is maybe because they're giving themselves the opportunity
Speaker 6: to do so. And as someone who, as I said,
Speaker 6: is very risk adverse, I think we have to acknowledge
Speaker 6: that in a sense, we do g it in our
Speaker 6: own way a little bit. And even our listener was saying, oh, like,
Speaker 6: I don't want to throw away the work that I've done.
Speaker 6: I don't want to do these I don't want to
Speaker 6: do that Whereas if I think about the people that
Speaker 6: I know, like Vita, you're a great example, like you'll
Speaker 6: just go, it's fine, we'll figure it out, jump in
Speaker 6: feet first.
Speaker 5: Oh yeah, I scare her on a honestly, you can tell,
Speaker 5: and it's like not even a bad thing. You can
Speaker 5: just tell the difference in personalities, like we both definitely
Speaker 5: type A, but we are both like I'm happy to
Speaker 5: do risk it for the biscuit, so good, and just
Speaker 5: as like what you're doing, I'm always like, yes, we'll
Speaker 5: just jump and then we'll work out what we do next.
Speaker 3: It's fine.
Speaker 6: But it's it's people like you, and I know quite
Speaker 6: a few people who have that same kind of attribute,
Speaker 6: And it seems to me, just as an outsider looking in,
Speaker 6: like sometimes you do just need to go, I'll figure
Speaker 6: it out, like I'm just going to do it and
Speaker 6: I'll figure it out. And I know that's easier said
Speaker 6: than done, because me, it's not cheasy.
Speaker 3: I can't imagine.
Speaker 6: No, no, you can't be doing that. But it's just
Speaker 6: it's fruit for thought. I suppose it's what I would say, Yeah,
Speaker 6: one hundred percent.
Speaker 5: I think when I look at this, like jumping a
Speaker 5: little bit ahead, we asked the question, would missing out
Speaker 5: on a promotion make you value your worth? An eighty
Speaker 5: two percent of you said yes, and that's obvious in
Speaker 5: your DM. So you've said, yeah, like I'm starting to
Speaker 5: feel undervalued, and you know, obviously I don't know your
Speaker 5: your situation. It could be super corporate, and yeah, maybe
Speaker 5: you do feel undervalued, and I don't want to undermine
Speaker 5: that at all. But I then look at it and say,
Speaker 5: you know, let's say there was a role that both
Speaker 5: you two wanted to go for, So Beg you're up
Speaker 5: for it, and Jes you're up for it. Because I've
Speaker 5: I've only got one role in my business. That doesn't
Speaker 5: actually mean that I undervalue both of you or undervalue
Speaker 5: the one that didn't take that role. Like it can
Speaker 5: be really hard as the hiring manager to go, okay, cool,
Speaker 5: Like there's this job going at this workplace. Say it's like,
Speaker 5: you know, head honcho of X y Z, and Jess
Speaker 5: really wants it, like she's been working in partnerships for
Speaker 5: ages and Beck you've been working in video for ages,
Speaker 5: and you both want it, and you bring different skill
Speaker 5: sets to the table, And sometimes it genuinely comes down
Speaker 5: to how you interviewed, not necessarily the above and the beyond, Like,
Speaker 5: and you know what Jess has done in her role
Speaker 5: and off, she's been here longer than you, Beck, so
Speaker 5: she should get like, it's not about that. Sometimes it's literally, Okay,
Speaker 5: we're going to do a interview. Jess, you're going to
Speaker 5: interview for it. Beck, you're going to interview for it.
Speaker 5: And maybe one of you just performed better in that interview.
Speaker 5: It doesn't mean that your employer doesn't value you. I
Speaker 5: think that it makes me a bit sad to think
Speaker 5: that because of the outcome, you see yourself as less
Speaker 5: or that somebody else might see you as less, And
Speaker 5: that's not the case at all, because, like I can
Speaker 5: almost guarantee in your situation, Beck, the jobs that you
Speaker 5: weren't getting, Like if you had asked for feedback and
Speaker 5: said he I'd love some feedback about why this person
Speaker 5: got it, they would have been able to put some
Speaker 5: real tangible things on the table that you could have
Speaker 5: then worked towards. So it could have been, oh, well, actually,
Speaker 5: i'm sorry you didn't get the video producer rollback because
Speaker 5: actually we had somebody who had a seasoned career in
Speaker 5: video production and had done a B C DNE and
Speaker 5: you're a fantastic human being. We don't undervalue you, but
Speaker 5: you wouldn't be able to bring those things to that job.
Speaker 5: And so in this particular occasion when we were comparing
Speaker 5: apples with apples for the job, that square fit better
Speaker 5: in that square peg hole than your round peg. And
Speaker 5: sometimes it's just not the right time, it's not the
Speaker 5: right fit. And it really probably is just me being
Speaker 5: like we deserve better, like we should value ourselves. I
Speaker 5: don't think that your value is diminished because you didn't
Speaker 5: get a job.
Speaker 3: I think we need to reframe it.
Speaker 5: Do what Jes said, let's ask for some feedback, Like
Speaker 5: I want some tangible feedback as to why I didn't
Speaker 5: get it. I'm not salty about this, but I want
Speaker 5: to know so that I can do better, or I
Speaker 5: can go and study, or I can, you know, take
Speaker 5: on some more responsibilities that work, so next time I
Speaker 5: go for the job, I am the perfect candidate. I
Speaker 5: also just think we should be backing ourselves. Do you
Speaker 5: know how hard it is to put your hand up
Speaker 5: for a promotion, Be like, hey, I'd really like to
Speaker 5: be considered.
Speaker 6: For X Y Z.
Speaker 5: Like you've gotten out of that experience. Some more experience
Speaker 5: you've got, you know, the ability to interview more confidently
Speaker 5: next time. You've already shown to your leaders that you
Speaker 5: are you willing to put yourself out there. Not many
Speaker 5: people do that, and I think that we just you're
Speaker 5: not giving yourself enough credit. But then obviously there's that
Speaker 5: overlay that you're talking about, Jess, where you know, sometimes
Speaker 5: you do have to leave your bubble to make it bigger.
Speaker 5: But I also just really want to reiterate that sometimes
Speaker 5: the bubble's not undervaluing you, you're just in the wrong
Speaker 5: space for what you're trying to achieve.
Speaker 6: Very good point, but if you are, like if you
Speaker 6: have applied for a lot of I think they were
Speaker 6: saying they've applied for a lot of promotions, and you know,
Speaker 6: if you are feeling that way, I think also you know,
Speaker 6: once you know what you need to do, you can
Speaker 6: decide whether or not that's right for you. And if
Speaker 6: it's not, like maybe you can go and find someone.
Speaker 5: And like, I don't want to say this to both
Speaker 5: of you right now, but like, what's.
Speaker 3: The harm in having a conversation with a recruiter? Where's
Speaker 3: the harm?
Speaker 5: Like, totally I don't know, like, yeah, you know, if
Speaker 5: you're not super happy, go fishing. If you that's fine
Speaker 5: at home, keep your eyes, have a little brows on
Speaker 5: seek like there's no harm in just like.
Speaker 3: Have a little peak.
Speaker 5: But what you're saying is you haven't given me enough context.
Speaker 5: So I'm assuming you don't have that answer because you
Speaker 5: said they gave it to someone else. And now I'm
Speaker 5: now wondering if I wasted my time. You would not
Speaker 5: be saying you wasted your time if someone turned around
Speaker 5: and said, oh my god, did you know that Jess
Speaker 5: actually has been doing partnerships for three years and like
Speaker 5: she can bring x Y z ah, I didn't waste
Speaker 5: my time at all, Like I'm just really glad Jess
Speaker 5: got that opportunity or vice versa. Like if I just
Speaker 5: went for a video production role and you got it,
Speaker 5: she'd be like, but I'm really passionate about it. I'd
Speaker 5: be like, but did you know Beck's been doing x
Speaker 5: fis like you just don't know what you don't know?
Speaker 7: And also no experience is a waste of time. Arguably
Speaker 7: exactly theory, but that's a story for another time.
Speaker 6: You've never wasting your time when everyone else say.
Speaker 3: So back to the question.
Speaker 9: Yeah.
Speaker 5: We did ask our community a few questions. I read
Speaker 5: out this one before. Would missing out on a promotion make.
Speaker 3: You value worth?
Speaker 5: Eighty two percent of you said yes, I get that.
Speaker 5: Eighteen percent of you said nope, one promotion doesn't define me.
Speaker 5: That's the energy we want to bring into next year.
Speaker 5: We then asked the question what is more important to you?
Speaker 5: Forty nine percent of you said stability, security matters more,
Speaker 5: and fifty one percent of you said, my career growth.
Speaker 3: The risk is worth it.
Speaker 6: Yeah, even split.
Speaker 5: Some of you address some of you are victoria. We
Speaker 5: then said, all right, we're gonna need your two cents.
Speaker 5: What does that look like? And we had a lot
Speaker 5: of colorful conversation. So someone said, I missed out on
Speaker 5: a promotion recently too. I didn't interview well on the
Speaker 5: day it happens.
Speaker 6: Yeah. True.
Speaker 5: Someone else said, maybe the other person was just better.
Speaker 5: It doesn't mean you weren't good.
Speaker 3: Just keep going.
Speaker 6: Yeah.
Speaker 5: Another person said, company loyalty is not rewarded for career
Speaker 5: growth and better pay. Change your job often, that's what
Speaker 5: the stats say. Someone else said, what's more important? Neither
Speaker 5: of those options? Flexibility, job satisfaction.
Speaker 3: And work life balance.
Speaker 6: I like that.
Speaker 9: Yes.
Speaker 5: Another person said, I think it's important to ask for
Speaker 5: feedback before spiraling into why not me and I'm not
Speaker 5: valued fair? Yeah, that's where I'm sitting. Someone else said,
Speaker 5: speak to your superiors about how you're feeling right now.
Speaker 5: And someone else said, I'm actually in this spot right now,
Speaker 5: and sadly, I'm probably going to choose the stability right
Speaker 5: now because my mortgage is expensive and cost of living.
Speaker 6: That's totally valid.
Speaker 3: Yeah.
Speaker 5: Someone else said, they're on your page, Beck. They said
Speaker 5: the sunk cost fallacy effect. Think about what they've given
Speaker 5: you versus your output.
Speaker 3: Maybe it's time to go. Ah, well, I was. I
Speaker 3: was saying this on.
Speaker 5: A podcast the other a little while ago. Actually, I
Speaker 5: shared a quote that I believe my dad told me.
Speaker 5: He said that if you don't get off the train soon,
Speaker 5: the return ticket's going to cost you a lot more.
Speaker 2: Oh that is a great.
Speaker 5: And I was like, oh, it's true, Like, yeah, I
Speaker 5: might have already paid for the train ticket, but like
Speaker 5: it's the wrong train, So if I don't get off now,
Speaker 5: can take you on going to get that It's going
Speaker 5: to take me longer. It's going to be more expensive
Speaker 5: to get back.
Speaker 6: Like, I like that.
Speaker 3: Yeah, I like isn't it cute?
Speaker 9: Yeah?
Speaker 3: Very strapping the truth Bob exactly.
Speaker 5: Someone else said same situation four weeks later, though new
Speaker 5: job closer fancy a title forty grand more take the risks,
Speaker 5: So I'll leave it there.
Speaker 3: I won't read out anymore. I feel like that's a
Speaker 3: good place to leave it.
Speaker 2: Yeah, that's great.
Speaker 6: Should we get into the blue?
Speaker 5: Oh, I cannot scate, I cannot waste scared.
Speaker 6: I'm scared, embarrassing. We tell you a lot of stuff
Speaker 6: like you guys hear such a polished, lovely episode because
Speaker 6: our incredible team make it so.
Speaker 5: But oh my god, we are unhinged and probably shouldn't
Speaker 5: be on the airwaves. Sometimes absoletely that roll the tape.
Speaker 9: Well, it's been another great year if she's on the
Speaker 9: money for twenty twenty four, And trust me when I
Speaker 9: say that, as always, things were a lot more chaotic
Speaker 9: behind the scenes.
Speaker 6: This did my eyes like get stuck together because they
Speaker 6: got that was not good content.
Speaker 9: Besides the chaos, you'll be happy to hear that not
Speaker 9: a lot has changed. Victoria still has a favorite time
Speaker 9: of the day.
Speaker 5: She could have got more, but at the end of
Speaker 5: the day. At the end of the day, you know
Speaker 5: what it is subjective, but at the end of the day,
Speaker 5: I just think everything you do is good because even
Speaker 5: if at the end of the day, like the end
Speaker 5: of the day, they're a service.
Speaker 9: Jess is still so sure of civil rights that she'd
Speaker 9: make a great private detective. And we discovered this when
Speaker 9: she was looking through photos on her phone for the
Speaker 9: next money win of the week.
Speaker 2: Thank you that that's a photo of a truck that
Speaker 2: was tail.
Speaker 3: He had no break.
Speaker 9: Beck still thinks that the microphones can't hear her if
Speaker 9: she whispers, what if.
Speaker 1: You got.
Speaker 3: Better whispering?
Speaker 5: Guess anybody?
Speaker 9: And Lucy is still wandering the halls of the building
Speaker 9: while the girls record.
Speaker 6: Like all those kinds of things impact your credit squoils,
Speaker 6: door opening or am I am I having a stroke?
Speaker 3: Did that?
Speaker 6: I'm not wearing my contact so I'm like, I can't.
Speaker 3: Tell if it's like it was.
Speaker 9: But there have been some changes too. Beck has started
Speaker 9: to think everyone is psychic and knows what she's trying
Speaker 9: to say.
Speaker 2: So I went through and I had what's a word?
Speaker 9: What's the word?
Speaker 5: I don't know.
Speaker 3: You're telling your story, not me, Betty Cakes.
Speaker 2: You know, there's so many like reds that are like.
Speaker 6: What's.
Speaker 9: No, it's Jess may have a secret identity.
Speaker 3: Homek which.
Speaker 2: You are very.
Speaker 9: And Victoria's mumbrain is keeping us in overdrive to ensure
Speaker 9: nothing dirty ends up on the show.
Speaker 5: Maybe Jess needs a job and she's on the money
Speaker 5: and it could be V in two JS.
Speaker 6: Your face just then, why was that funny? It's loadly.
Speaker 9: Jess is also doing that. She just doesn't have an excuse.
Speaker 6: I switched to amaze him after being loyal to a
Speaker 6: big tail.
Speaker 9: Come overall, it's been a great year for She's on
Speaker 9: the money, or as V would call it.
Speaker 3: Hi, she's on the funny. Oh my god, that's really
Speaker 3: actually crying.
Speaker 5: I am actually low key disappointed that Sam didn't pull
Speaker 5: together more of your private detective work.
Speaker 3: You are always talking. It's been a good year, guys.
Speaker 3: It has been a good year.
Speaker 2: Yeah, it's been really fun. I love you guys.
Speaker 3: I love doing this.
Speaker 5: It is so fun, even if we sometimes don't have
Speaker 5: the words.
Speaker 3: Or the brains. Apparently, according to me, nothing.
Speaker 7: Funny than when someone misses mess the word Usually it's yes,
Speaker 7: I want to say, Usually it's yes.
Speaker 6: Yes.
Speaker 3: Here is the kettle black.
Speaker 2: That's very true.
Speaker 5: You haven't stopped whispering into my corn that no one
Speaker 5: knows what.
Speaker 6: Yes.
Speaker 2: On that note, let's go for a fantastic year.
Speaker 3: Guys. It's been a time. See next year, guys.
Speaker 2: Bye bye.
Speaker 5: The advice shared on She's on the Money is general
Speaker 5: in nature and does not consider your individual circumstances. She's
Speaker 5: on the Money exists purely for educational purposes and should
Speaker 5: not be relied upon to make an investment or financial decision.
Speaker 5: If you do choose to buy a financial product, read
Speaker 5: the PDS TMD and obtain appropriate financial advice tailored towards
Speaker 5: your needs. Victoria Divine and She's on the Money are
Speaker 5: authorized representatives of Money Shopper pty Ltd ABN three two
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