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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr

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Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it. She's on the Money. She's on

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Speaker 2: the Money. Hello and welcome to She's on the moneyodcast.

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Speaker 2: That makes finance fun, especially on Fridays. It is again

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Speaker 2: our favorite day of the week because we get to

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Speaker 2: get our team together and celebrate you our incredible She's

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Speaker 2: on the Money community, Mister Grieci is here with some

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Speaker 2: money wins again from the community. Beck has a number

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Speaker 2: of Broake tips that she's gonna share with you, and

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Speaker 2: this week we're going to be answering a money dilemma,

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Speaker 2: which is all about exactly how credit card interest works

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Speaker 2: and something that you slid into our DMS about we're

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Speaker 2: chatting about dealing with what you think is outdated money views.

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Speaker 3: Oh, I know that one's going to go.

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Speaker 2: But before we get there, as always, we are going

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Speaker 2: to share our favorite five star reviews from the podcast.

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Speaker 3: Miss Beck sayed, yes, how are you? I'm really good?

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Speaker 3: How are you?

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Speaker 2: I am great? Have you got a good review to

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Speaker 2: share with the team? I do?

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Speaker 4: This one comes from Emilee. I just love how easy Victoria,

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Speaker 4: Jess and the team make money to understand. They make

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Speaker 4: it really relatable and break down those gender and societal

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Speaker 4: norms where only the men get to know this stuff.

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Speaker 2: And then you realize it's like really easy, and of

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Speaker 2: course you can do it because like the boys can

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Speaker 2: do it totally.

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Speaker 3: Boys can do a week and do it exactly.

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Speaker 2: It can't be that hard. It can't be that hard.

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Speaker 5: I've got one this week from Rookie who said, I'm

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Speaker 5: gonna say it, Victoria divine is truly divine.

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Speaker 2: Oh I see we did that, Thank you, Thank you.

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Speaker 2: This podcast is will take it. My dad says that that's.

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Speaker 3: A bit cute.

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Speaker 5: Podcast has been such a helpful tool in reaching a

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Speaker 5: member of your community who has had very limited access

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Speaker 5: to financial knowledge given my field of work. Thank you

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Speaker 5: so much for sharing your knowledge, tips and insights. The

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Speaker 5: skill of turning the dull and dry topic that is

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Speaker 5: financial literacy into a fun learning opportunity must be applauded.

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Speaker 5: Have been enjoying the banter from the co host Also

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Speaker 5: keep up the great work.

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Speaker 3: Is that right? Thank you? Thank you is a fantastic groups.

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Speaker 2: Thank you nice. I also have another fantastic one. This

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Speaker 2: one's from Lizzie and she says, longtime listener of the show,

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Speaker 2: and I've been really enjoying the new vibe since Beck

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Speaker 2: started last year. Isn't that so cute? It feels like

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Speaker 2: the show has found its stride again with the three

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Speaker 2: co hosts, and I am so enjoying your updated format.

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Speaker 2: I really like hearing Beck's perspective. She and Victoria have

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Speaker 2: great energy together, which reminds me of Georgia King. So

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Speaker 2: if you hadn't been around, Georgia used to be on

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Speaker 2: the show, but then she moved to London. Yes, Beck

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Speaker 2: got the gig.

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Speaker 4: Oh my god, I actually my stomach is like doing first.

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Speaker 2: That's so cute and yeah, this is all about you.

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Speaker 2: I keep picking ones that are just like I'm going

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Speaker 2: to die, and I really like how Beck represents the

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Speaker 2: everyday person who might not have as much financial knowledge.

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Speaker 2: Really enjoying the vibe of Friday episodes and hearing the

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Speaker 2: three she's on the money ladies, keep up the great work,

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Speaker 2: and please do some more content on weddings and bridesmaids

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Speaker 2: and travel.

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Speaker 3: Okay, so much?

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Speaker 2: Isn't that cute?

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Speaker 3: It's really sweet? I love it. I love it.

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Speaker 2: But let's get back into the show. Enough ego stroking.

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Speaker 2: If you would like to leave a review, obviously you

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Speaker 2: can do that on Apple, So Apple allows you to

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Speaker 2: type and you could even ask us questions in the review,

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Speaker 2: which I might. Let's slip through to the keeper, you know, like,

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Speaker 2: if you've come this far, you're doing us a solid.

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Speaker 2: Will do you a solid? But onto the community, Jess,

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Speaker 2: what's happened in our Money Wins and Confessions thread this week? Already?

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Speaker 4: Firstly this week we've got one Frihannon that started as

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Speaker 4: a loss, but it turned into a win. She said

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Speaker 4: she had to get a tire replaced on her car.

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Speaker 4: She didn't check when she left it with the mechanic,

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Speaker 4: and when she came back the next day, they changed

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Speaker 4: the wrong tire, So she took her back the day

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Speaker 4: afterwards and they changed. They do that that actually did

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Speaker 4: to be changed, so she did it with two year

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Speaker 4: free tires for the press.

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Speaker 3: That's amazing.

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Speaker 2: How did they change the wrong tire? I know. It's

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Speaker 2: like when they hear and this is maybe wad to

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Speaker 2: have my foot amputated, and then you come out You're like,

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Speaker 2: that is the wrong foot? Fu, how do they get

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Speaker 2: that wrong?

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Speaker 3: He's so bad.

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Speaker 5: My partner's a physio and he says whenever someone comes

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Speaker 5: in for like something that's one like one leg, one shoulder, whatever,

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Speaker 5: he always has them like point at the one just

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Speaker 5: in case, because he doesn't want to like, yeah, go

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Speaker 5: for the.

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Speaker 2: Wrong thing, hold on backtrack. If they only have one foot,

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Speaker 2: he makes them point at their one.

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Speaker 5: Probably not in that case. I would imagine there might

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Speaker 5: be some flexibily there. Next, I've got a money win

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Speaker 5: from Sammy who said money win. I shopped stasher Bags

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Speaker 5: Black Friday sale and bought a twelve pack of bags

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Speaker 5: that seemed like a suspiciously good deal. Turns out the

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Speaker 5: website had an error and they had accidentally listed the

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Speaker 5: pack of twelve for the price of one. They have

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Speaker 5: since offered to ship out the additional eleven bags for

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Speaker 5: free to honor the purchase as they shoot a point,

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Speaker 5: get eleven free.

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Speaker 2: Also, like Stasher bags are really expensive, so that definitely

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Speaker 2: was an error.

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Speaker 3: Like that's a good win.

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Speaker 2: Next, I've got a money win from Alicia, who said

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Speaker 2: she opened up her.

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Speaker 5: Shares his account. She obviously owned the SotM code. She

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Speaker 5: invested in some shares and she got a divid end.

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Speaker 2: Of twenty cents. Incredible for all little things. Big things grow.

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Speaker 2: That's not even going to get your Maca's cone yet,

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Speaker 2: but it will will She's going to grow.

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Speaker 3: We love that. Incredible.

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Speaker 2: Next one from Melinda who said she just did the

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Speaker 2: New South waleses toll relief rebate online and she got

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Speaker 2: herself a very tidy three hundred and eighty dollars back.

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Speaker 3: So like free money.

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Speaker 5: I'm going to tell you, she said, if you go

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Speaker 5: onto the Service New South Wales website to check if

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Speaker 5: you're eligible, if you frequent the toll roads in Sydney

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Speaker 5: it is Sydney specific sad for those of us in Melbourne,

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Speaker 5: but if you're in the Sydney.

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Speaker 2: You do you drive up to the family, So great

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Speaker 2: to know.

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Speaker 3: Jump on there.

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Speaker 5: Check it out the New South Wales website service New

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Speaker 5: South Wales Nose. I've got money from Emmy who said

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Speaker 5: she didn't feel like cooking on Saturday. I get that

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Speaker 5: instead of doing takeaways, she went to col She got

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Speaker 5: herself two frozen pizzas that were on special for dollars

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Speaker 5: fifty for the duo and a three dollars fifty tharlic bread.

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Speaker 5: She went to the checkout found out she had a

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Speaker 5: ten dollars fly by as voucher pizza for two for

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Speaker 5: six dollars fifty.

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Speaker 2: Okay, but like frozen pizzas, the what is the brand?

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Speaker 4: It's the like Doctor Restaurante, the rests one, like they're

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Speaker 4: actually so good, the spinach one and they go on

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Speaker 4: sale and they're like four dollars each.

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Speaker 2: Yeah, you want to make it bougie. This is what

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Speaker 2: Steve and I do. Okay, we get two pizzas because

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Speaker 2: like you need a whole one each because they're quite

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Speaker 2: thin based, like that's a meal. So four dollars for

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Speaker 2: your pizza and then you get a bag of what

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Speaker 2: is it rocket or pizza? Yeah, but I'm not putting

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Speaker 2: on pizza oh side, salad, oh side salad, diet coke,

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Speaker 2: elite meal.

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Speaker 3: Oh that sounds amazing. It was a journey and a pair.

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Speaker 2: Oh yeah, but like that's a bit bougie. I'm sorry,

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Speaker 2: I don't I don't want the pair, but apparently what

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Speaker 2: you don't put pair in your salad? Pair and parmesan

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Speaker 2: and salad.

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Speaker 5: Yes, I thought you mean on the pizza, and I

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Speaker 5: was like, that's taking one of.

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Speaker 2: Pineapple but worse. No, one of my favorite pizza shops

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Speaker 2: which is near my house. So I'm not going to

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Speaker 2: name names, but if you know, you know they also

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Speaker 2: sell the Blazing Pizza.

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Speaker 3: Very good, but they do.

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Speaker 2: A pair parmesan and goats cheese like pizza.

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Speaker 3: Unsure. No, you wouldn't do you know what? You wouldn't

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Speaker 3: love it?

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Speaker 2: I don't put it beck and I would love it. Yeah,

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Speaker 2: you'll order your margarita every single day of the happy

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Speaker 2: I've actually ordered you the margarita from that place and

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Speaker 2: we've had it together before and you said it was

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Speaker 2: really really like, I guarantee these pizzas the Blazing Pizza. Okay,

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Speaker 2: I'm just going to explain these.

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Speaker 3: You need to know.

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Speaker 2: So it's red sauce pizza bas like salami pepperoni, mint leaves,

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Speaker 2: married as spokes, valley cheese and lemon.

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Speaker 3: Oh no, it's the mint got me the men.

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Speaker 2: Oh it's next level.

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Speaker 3: Okay, well maybe you can come to my house.

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Speaker 2: I'll order the pizzas report.

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Speaker 6: Yeah.

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Speaker 2: Yeah, they also do a very good chocolate moose.

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Speaker 3: I love chocolate moves.

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Speaker 2: Okay, so I can sell you. Yeah, anyway, back to

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Speaker 2: frozen pizza. Four dollars money win pargain.

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Speaker 5: Lastly, this week, I've got one from Anna who said

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Speaker 5: a money lost, but a happiness win. She went to

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Speaker 5: the Wiggles show with her two toddlers and spent eighty

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Speaker 5: dollars two bubble ones, so overprized.

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Speaker 3: And it kept them entertainer.

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Speaker 2: Wiggles, We've got to talk, no wonder you guys are

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Speaker 2: all rich.

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Speaker 3: Literally.

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Speaker 5: May I suggest someone has said this in the group before,

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Speaker 5: But if you're going to a kid's show, a Bluey

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Speaker 5: a Disney on eye said, pre buy your toys Kmart,

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Speaker 5: hide them in your back hack and just bring them

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Speaker 5: out when you get there.

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Speaker 2: Kids, get the toys. It's a lot cheaper the bubbles.

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Speaker 5: Dollars for bubble ones is certifiedly that's criminal, that's highway robbery.

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Speaker 2: Like I actually can't.

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Speaker 5: I mean they're a bit of plastic ones probably dollars

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Speaker 5: quarters for two.

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Speaker 4: Still yeah, I know, but still it's like I just

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Speaker 4: can't imagine.

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Speaker 3: Do the pre shop, That's all I'm saying.

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Speaker 2: I do the pre shop absolutely when parents go to Disney,

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Speaker 2: and that's obviously very like niche because it's American, But

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Speaker 2: like I would be stuffing my bag for like they're

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Speaker 2: not getting anything at Disney, Like no, absolutely not. Everything

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Speaker 2: is so expensive. Wow, I got a Mickey cookie cut

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Speaker 2: up Mickey sandwiches. Like it's just it's not happening.

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Speaker 5: You can pray buy like so many of the licensed

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Speaker 5: things now, like Camar on Target.

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Speaker 2: Yeah. And one of the tips that I got when

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Speaker 2: like someone messaged me while we're in the US, they said,

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Speaker 2: go to the op shops near Disneyland if you're ever traveling,

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Speaker 2: because a lot of the merch ends up there, so

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Speaker 2: you can buy like the popcorn buckets, or you could

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Speaker 2: buy like the bubble wands or whatever for super cheap

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Speaker 2: and then you can take them to the parks exactly.

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Speaker 2: So always check op shops for merch.

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Speaker 3: That's a great idea.

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Speaker 2: Not bad, not bad. What are your broke tips this

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Speaker 2: week there.

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Speaker 4: Okay, just really quickly, I want to say, with the

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Speaker 4: person who told us about her car tires, if anyone

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Speaker 4: wants me to put a video up of how to

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Speaker 4: change your own that I do the money I do, would.

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Speaker 3: Would would show you.

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Speaker 2: I'm actually gonna make it gold and cheese on the

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Speaker 2: money if you're willing to be a actor, a paid

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Speaker 2: unpaid actor. Yes, yeah, that would be really good content. Okay,

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Speaker 2: great other day, did you see the other day, I

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Speaker 2: was like, oh, I can change my own wiper blades.

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Speaker 2: And I was like, oh, I buy them from wiper Tech.

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Speaker 2: My dad told me to, like, you don't question my

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Speaker 2: dad when it comes to cast stuff. So I ordered

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Speaker 2: them and then I just changed them myself and it

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Speaker 2: was so easy and so cheap. Yeah, it just it

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Speaker 2: made sense. But so many people don't know that you

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Speaker 2: can just do it yourself. Yes, exactly.

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Speaker 3: It sounds like it's sponsor, but it's not.

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Speaker 5: But that wipe Tech brand is who I use too,

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Speaker 5: because they've guarantee that if you can't put it on

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Speaker 5: and they'll just give you money back.

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Speaker 1: Yeah.

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Speaker 3: I like that's so.

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Speaker 2: Yes, but that's a good deal. And I have actually

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Speaker 2: DMed them and asked them for a discount coach because

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Speaker 2: like they're surprisingly they're actually a small business. So I

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Speaker 2: was like, oh, I like that, we're supporting them, and

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Speaker 2: so I asked for a discount code. Foreshes all the

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Speaker 2: money yet tear back. But if we get one, I

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Speaker 2: will pop it in the show notes and I'll like

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Speaker 2: pop it all over social media, because like we should

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Speaker 2: just be doing this stuff ourselves. It feels over. It's

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Speaker 2: like finance. For so long we've been told like, oh,

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Speaker 2: that's a man's game, like car stuff. It's easy. Yeah,

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Speaker 2: it really.

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Speaker 3: It all makes sense as well, Like.

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Speaker 4: I changed my window over the weekends, finally did put

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Speaker 4: all the panels off blah crazy and you know, your

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Speaker 4: side mirrors, all these things, like you know, if you

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Speaker 4: can do it, if one person can do it without

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Speaker 4: the help of like big industrial size lifters and things,

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Speaker 4: you can do it in your own backyard.

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Speaker 3: So I would love to.

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Speaker 2: I love so we're all just changing our wipers, we're

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Speaker 2: topping up our wash of fluid, we're changing our oil.

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Speaker 2: I love this for us.

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Speaker 3: Yep, completely great.

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Speaker 4: I think that's so good. So cool, Well I'll do that.

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Speaker 4: I wouldn't have been clear out my my boot for

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Speaker 4: the press. I'll just make it as possible.

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Speaker 2: Absolutely love this for us.

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Speaker 4: Okay, so my broke tips. This first one comes from Lisa,

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Speaker 4: who says, stock up on all frozens.

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Speaker 3: I'm assuming you.

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Speaker 4: Know, like your turkey's your chickens on Boxing Day because

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Speaker 4: of those things they stay, they stay good, and the

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Speaker 4: next year you've got it all there. So it's also

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Speaker 4: even if you paid full price for it this year,

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Speaker 4: for next year, it will still once you get there

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Speaker 4: feel like it was free.

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Speaker 2: But wait until it goes on sale.

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Speaker 4: Everything will go on half price even cheaper, probably when

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Speaker 4: they get desperate and just stock.

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Speaker 3: Up if you have the space.

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Speaker 2: So love a Boxing day ham, Yeah, boxing hair, So

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Speaker 2: like a boxing day ham obviously if you don't like

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Speaker 2: Christmas ham weird but okay, but like baking a ham

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Speaker 2: and then having ham sandwiches for the period of time

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Speaker 2: that the kids are off school and like school holidays,

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Speaker 2: and like you can use the hambones to make soup

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Speaker 2: and like there's just so much you can.

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Speaker 3: Do with it.

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Speaker 2: But ham is usually really expensive. So yeah, that's also

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Speaker 2: a hot tip, so you're not freezing it, but like

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Speaker 2: that's a good mulchi purpose item that you could purchase

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Speaker 2: and your money's worth and you can make like ham sandwiches,

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Speaker 2: take them to the beach over summer. Like that's my

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Speaker 2: childhood right there, Ham mustard sandwich with like fresh white bread.

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Speaker 3: Yep, fresh with fresh Eric.

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Speaker 2: Now it's freshly baked by Eric. My dad's taken up baking.

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Speaker 2: Oh yeah, he bakes bread now. And so whenever I'm

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Speaker 2: going down to his house, I like put in a

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Speaker 2: little bread order. I've been really liking his rice aldo.

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Speaker 3: Yeah, will you bring some in?

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Speaker 2: Yes, I will bring some Eric bread for you. Thank

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Speaker 2: you one hundred percent. You will be shocked at how

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Speaker 2: good it is, because I was too when he said

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Speaker 2: he was baking. I was like, oh, here we go,

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Speaker 2: here we go. But it is very good. And also,

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Speaker 2: do you know what, I'll ask him for the tips

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Speaker 2: because he buys the really big boxes of bread flour. Yeah,

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Speaker 2: and he's already done the maths on how much each

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Speaker 2: loafer is costing him, and he's like, oh, baker's delight,

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Speaker 2: this would have cost you seven dollars in my kitchen

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Speaker 2: two dollars eighty. Like he's a wizard. He's a wizard. Yeah, okay,

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Speaker 2: that could be that far from it could be a

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Speaker 2: broke tip. Maybe if you get those, yeah, Eric spread tips,

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Speaker 2: get those to just get that bread.

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Speaker 4: Also devon instead of ham. I don't know if you

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Speaker 4: guys ever dabbled, but anyway, Oh no, you guys call

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Speaker 4: it something else.

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Speaker 3: I don't know. Don't you speak a different language right now?

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Speaker 2: No?

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Speaker 3: No, I always had devan. You call it true, we

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Speaker 3: call it. But what do you mean if you ever dabbled?

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Speaker 2: That is all I would accept as a sandwich option

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Speaker 2: growing up. Devon sauce, white bread, and the storm mustard.

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Speaker 2: Oh that's way too fancy.

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Speaker 3: I haven't tried that one, but I will try that one.

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Speaker 2: Tomato sauce, stras stras sandwiches Victorians.

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Speaker 3: I'm not a meat Jesse also doesn't lack sandwich. I

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Speaker 3: don't even know. I can't imagine. You got can buy

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Speaker 3: a lot of love sandwich.

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Speaker 2: Like my favorite food, like not not favorite, but my

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00:16:05,520 --> 00:16:09,800
Speaker 2: most convenient lunch is the seven eleven sandwich, like through

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Speaker 2: and through. Like if you know me in person, you

349
00:16:12,520 --> 00:16:16,160
Speaker 2: know I'll be like one sambo like that's I'll shout,

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Speaker 2: like I will go and get them. I drive from

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Speaker 2: my office to get a seven eleven sandwich because in

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Speaker 2: my head, that's the easiest lunch option for me.

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Speaker 3: Jessica doesn't eat them. Come on, I'll get a seven

354
00:16:27,480 --> 00:16:28,880
Speaker 3: eleven piles something I know you do.

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Speaker 2: It's not the point. This isn't sponsored. This is just

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00:16:31,840 --> 00:16:35,680
Speaker 2: me genuinely having a very deep passion for seven eleven sandwiches.

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Speaker 2: But like good cries, how can you not like an

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Speaker 2: eggle lead of sandwich?

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Speaker 4: I think after a few bites, I'm like, okay, I've

360
00:16:43,560 --> 00:16:44,400
Speaker 4: been here, have done that.

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Speaker 3: You know, chicken chicken abbow, I like you.

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Speaker 2: Like the chicken avo. They also do a very mean

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Speaker 2: ham tomato cheese.

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Speaker 3: I just get really worried about gristles. You know, I

365
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Speaker 3: don't like gristly meat.

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00:16:53,560 --> 00:16:56,840
Speaker 2: Why would they use gristly meat? They would sell no sandwiches.

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Speaker 3: Scared someone just literally walked out of my grave. Give

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00:17:00,280 --> 00:17:04,320
Speaker 3: me sorry, Sorry, you got okay. Next one comes with

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Speaker 3: my friend. Now.

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00:17:05,280 --> 00:17:07,240
Speaker 4: I know this is it's kind of briefly mentioned before.

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00:17:07,240 --> 00:17:11,080
Speaker 4: I know, I know you've got that commerents. But Victoria,

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00:17:11,080 --> 00:17:13,200
Speaker 4: I know you don't like me reusing, so I don't

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Speaker 4: think this is a technically round because we.

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Speaker 2: Should be getting the most value out of your segment.

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00:17:17,320 --> 00:17:19,480
Speaker 2: I know it gave you your whole segment, and you

376
00:17:19,640 --> 00:17:21,280
Speaker 2: keep telling me the same thing.

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Speaker 3: I know it's cheating, but this one is a little

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00:17:23,840 --> 00:17:24,960
Speaker 3: bit of Australia.

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Speaker 2: But my friend, you have it.

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Speaker 3: My friend literally changed the trajectory of her life by

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00:17:31,920 --> 00:17:36,000
Speaker 3: doing a free course manifestation and that too. Oh no,

382
00:17:36,080 --> 00:17:37,760
Speaker 3: that was a joke. What's the free course?

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00:17:37,960 --> 00:17:39,840
Speaker 2: It was how to build.

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00:17:39,680 --> 00:17:43,159
Speaker 3: A multi level mark feeling skeptical. I'm not gonna lie

385
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Speaker 3: to you.

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Speaker 4: No, it was one of those you know, Victoria, I

387
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Speaker 4: don't know if everyone does it, the free taste, the

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00:17:47,640 --> 00:17:51,200
Speaker 4: free tape courses. Okay, there was actually a good store, yeah,

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Speaker 4: outdoor something. So she's like to guard and doing like

390
00:17:53,560 --> 00:17:54,320
Speaker 4: all this kind of stuff.

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Speaker 2: Oh that's cool. So she did a free taste course

392
00:17:57,000 --> 00:17:59,639
Speaker 2: and then got a new job. Is that what you're saying?

393
00:18:00,080 --> 00:18:01,000
Speaker 2: You like, upskilled?

394
00:18:01,160 --> 00:18:03,639
Speaker 4: She upskilled, But she's like, actually just completely changed. Like

395
00:18:03,680 --> 00:18:05,240
Speaker 4: she was a cartographer.

396
00:18:05,240 --> 00:18:06,320
Speaker 3: It's like a map person.

397
00:18:06,359 --> 00:18:09,160
Speaker 4: I don't really understand it now doing outdoorsy stuff, which

398
00:18:09,160 --> 00:18:10,080
Speaker 4: is what she actually closed.

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00:18:10,359 --> 00:18:11,080
Speaker 3: That's her passion.

400
00:18:11,119 --> 00:18:13,240
Speaker 2: And I just feel like Taifa is free too.

401
00:18:13,280 --> 00:18:15,480
Speaker 4: It is free and if you well, you know, particular

402
00:18:15,560 --> 00:18:17,400
Speaker 4: courses and if you just like keep checking every year,

403
00:18:17,440 --> 00:18:20,560
Speaker 4: I feel like they change, they update, and just just

404
00:18:20,560 --> 00:18:21,200
Speaker 4: see what's going.

405
00:18:21,280 --> 00:18:23,680
Speaker 2: We're always looking because Jess and I we keep talking

406
00:18:23,680 --> 00:18:26,320
Speaker 2: about wanting to do an olds Land course, but we

407
00:18:26,480 --> 00:18:29,280
Speaker 2: haven't found one that's like accessible for both of us

408
00:18:29,320 --> 00:18:31,520
Speaker 2: and on days that work, because the Odds Land course

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00:18:31,600 --> 00:18:33,760
Speaker 2: that we want to do, like is like the proper one,

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00:18:34,160 --> 00:18:36,080
Speaker 2: and I think it's our closest one is in the

411
00:18:36,119 --> 00:18:37,920
Speaker 2: city and it's on like a night that doesn't work,

412
00:18:37,920 --> 00:18:39,600
Speaker 2: and it's just it's not going to work out yet,

413
00:18:39,600 --> 00:18:40,040
Speaker 2: but one.

414
00:18:39,920 --> 00:18:40,960
Speaker 3: Day we will get there.

415
00:18:41,280 --> 00:18:42,560
Speaker 2: This might be so cool.

416
00:18:42,760 --> 00:18:43,640
Speaker 3: That would be really cool.

417
00:18:43,640 --> 00:18:45,879
Speaker 4: I know one handed because my Grandma's death, so I

418
00:18:45,880 --> 00:18:48,359
Speaker 4: could teach you that, but it's not very universe.

419
00:18:48,480 --> 00:18:51,280
Speaker 2: No, I like it. We've started doing sign language for

420
00:18:51,560 --> 00:18:54,119
Speaker 2: Harvey actually, and so we've made sure that it is

421
00:18:54,160 --> 00:18:57,200
Speaker 2: oz Land sign language, so I can do some small things.

422
00:18:57,200 --> 00:18:59,560
Speaker 2: But maybe Harvey and I are learning together, like he

423
00:18:59,640 --> 00:19:03,560
Speaker 2: knows eat and more, and he knows like all done,

424
00:19:03,920 --> 00:19:07,359
Speaker 2: and he knows like milk, and he knows water mom

425
00:19:07,440 --> 00:19:09,440
Speaker 2: and dad, so like there's like a heap of them

426
00:19:09,560 --> 00:19:12,080
Speaker 2: that we've been slowly learning. But I think it's really important.

427
00:19:12,280 --> 00:19:14,720
Speaker 3: That's cute. That's a really really good one to learn.

428
00:19:15,640 --> 00:19:20,680
Speaker 2: Yeah, when you have an audio based product podcast exactly, exactly.

429
00:19:21,400 --> 00:19:24,480
Speaker 4: Okay, So this next one was obviously my own. It

430
00:19:24,600 --> 00:19:26,879
Speaker 4: is Black Friday related.

431
00:19:26,520 --> 00:19:27,640
Speaker 3: And it is my Friday days.

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00:19:27,640 --> 00:19:28,880
Speaker 2: That's perfect is today.

433
00:19:29,920 --> 00:19:31,280
Speaker 3: I was like, when the hell is black?

434
00:19:31,600 --> 00:19:33,359
Speaker 2: Actually today? That's today?

435
00:19:33,560 --> 00:19:34,520
Speaker 3: Good to know, good to know.

436
00:19:34,840 --> 00:19:37,919
Speaker 4: So Woolworths are doing a I don't know if you've

437
00:19:37,960 --> 00:19:40,360
Speaker 4: heard of Everyday Extra, but it's like I have, Yes,

438
00:19:40,560 --> 00:19:42,919
Speaker 4: you can genuinely if you shop at will Words a lot,

439
00:19:42,960 --> 00:19:45,080
Speaker 4: you can genuinely save like a fair bit of money

440
00:19:45,160 --> 00:19:48,800
Speaker 4: every year, every month. Even so basically for thirty five

441
00:19:48,840 --> 00:19:50,560
Speaker 4: dollars a year, you could save up to one hundred

442
00:19:50,560 --> 00:19:54,120
Speaker 4: dollars every month. And so this particularly deal, Everyday Extra

443
00:19:54,240 --> 00:19:57,000
Speaker 4: is half price because of Black Friday.

444
00:19:57,920 --> 00:20:00,600
Speaker 3: And I would recommend having.

445
00:20:00,440 --> 00:20:02,920
Speaker 4: A look because if it, yeah, and if Woolwards is

446
00:20:02,960 --> 00:20:05,320
Speaker 4: doing it, I'm assuming that like Colds and Flybys and

447
00:20:05,320 --> 00:20:07,960
Speaker 4: all this kind of similar deal. So but I just think,

448
00:20:08,119 --> 00:20:10,720
Speaker 4: take advantage of these black write things. And if it's

449
00:20:10,920 --> 00:20:13,639
Speaker 4: thirty five dollars once off and you're saving money for

450
00:20:13,720 --> 00:20:14,520
Speaker 4: the whole year.

451
00:20:14,880 --> 00:20:16,399
Speaker 3: I don't know, that's a win win.

452
00:20:16,440 --> 00:20:18,360
Speaker 5: Yeah, and you get a I remember seeing Emma Edwards

453
00:20:18,440 --> 00:20:22,720
Speaker 5: the broke and you get a free thing every so often,

454
00:20:22,800 --> 00:20:23,760
Speaker 5: like it's random.

455
00:20:23,840 --> 00:20:24,560
Speaker 3: She was she.

456
00:20:25,640 --> 00:20:27,520
Speaker 2: Wanted the chocolate and then got the peppermints, and I

457
00:20:27,560 --> 00:20:29,960
Speaker 2: was like, I would have been so annoyed by that too.

458
00:20:30,240 --> 00:20:32,000
Speaker 5: Yeah, but like you get quite often. I think, like

459
00:20:32,040 --> 00:20:33,560
Speaker 5: you get to pick up a little freebie, which is

460
00:20:33,640 --> 00:20:34,040
Speaker 5: kind of fun.

461
00:20:34,160 --> 00:20:36,919
Speaker 2: So that's me. I like that. No, I reckon that

462
00:20:37,040 --> 00:20:39,199
Speaker 2: is a really good place to believe it. All right,

463
00:20:39,280 --> 00:20:41,480
Speaker 2: let's go to a really quick break on the flip side.

464
00:20:41,520 --> 00:20:44,080
Speaker 2: I'm excited for this. We've got a money dilemma about

465
00:20:44,160 --> 00:20:48,000
Speaker 2: exactly how credit card interest works. And you slid into

466
00:20:48,000 --> 00:20:49,679
Speaker 2: our dams about something that I think is gonna get

467
00:20:49,720 --> 00:20:53,800
Speaker 2: a little bit spassy dealing with what you think is

468
00:20:53,960 --> 00:21:03,040
Speaker 2: outdated money use. I don't go anywhere, guys. Welcome back everyone.

469
00:21:03,160 --> 00:21:05,640
Speaker 3: Let's take a listen to this week's money dilemma.

470
00:21:07,960 --> 00:21:10,359
Speaker 2: Hi, there, have you got a money dilemma you just

471
00:21:10,359 --> 00:21:12,920
Speaker 2: can't solve that. She's on the Money Team is here

472
00:21:12,920 --> 00:21:16,160
Speaker 2: to help. Every week we tackle your dilemmas, both big

473
00:21:16,240 --> 00:21:18,959
Speaker 2: and small, to answer your most burning money, career and

474
00:21:19,000 --> 00:21:19,840
Speaker 2: life questions.

475
00:21:20,040 --> 00:21:20,840
Speaker 3: To get involved.

476
00:21:20,880 --> 00:21:23,000
Speaker 2: Simply head to our website and leave us a short

477
00:21:23,080 --> 00:21:26,320
Speaker 2: voice recording, and you might just find yourself on the show. Now,

478
00:21:26,400 --> 00:21:31,880
Speaker 2: let's take a listen to this week's money dilemma. Hi,

479
00:21:31,960 --> 00:21:32,800
Speaker 2: she's on the money.

480
00:21:33,560 --> 00:21:37,199
Speaker 6: Look. I work as a banker, and I've noticed that

481
00:21:37,280 --> 00:21:40,800
Speaker 6: a lot of people really don't understand how interest works

482
00:21:40,800 --> 00:21:45,920
Speaker 6: on credit cards, specially residual interest, and there's a lot

483
00:21:45,920 --> 00:21:48,639
Speaker 6: of confusion around that. I think it would be absolutely

484
00:21:48,680 --> 00:21:51,719
Speaker 6: awesome if you could explain how interest on credit cards work.

485
00:21:52,160 --> 00:21:53,480
Speaker 6: Thank you bye.

486
00:21:53,520 --> 00:21:55,880
Speaker 5: This is a good question because I actually didn't realize

487
00:21:55,960 --> 00:21:59,520
Speaker 5: until recently that my credit card interest period is more

488
00:21:59,520 --> 00:22:01,480
Speaker 5: than the money. Like I'd always thought in my head

489
00:22:01,480 --> 00:22:03,480
Speaker 5: that you whatever you spend in the month, you'll pay

490
00:22:03,480 --> 00:22:04,400
Speaker 5: off by the end of the month.

491
00:22:04,520 --> 00:22:05,680
Speaker 3: Is it forty five days?

492
00:22:05,920 --> 00:22:08,840
Speaker 4: It is forty five days. And also it's like from

493
00:22:08,920 --> 00:22:13,080
Speaker 4: the date of purchase. So within that month, if I

494
00:22:13,160 --> 00:22:15,199
Speaker 4: spent one hundred dollars on the first and then one

495
00:22:15,240 --> 00:22:18,439
Speaker 4: hundred dollars on the twenty eighth, I'm not paying the

496
00:22:18,440 --> 00:22:20,120
Speaker 4: twenty eighth that much, which I didn't really I don't

497
00:22:20,160 --> 00:22:22,520
Speaker 4: know why, like I just had obviously never taken the

498
00:22:22,560 --> 00:22:24,960
Speaker 4: time to figure it out for myself. But say again

499
00:22:25,119 --> 00:22:28,840
Speaker 4: to me what you're saying. So it's kind of like

500
00:22:29,160 --> 00:22:32,480
Speaker 4: a roving period, right. So, like my interest period on

501
00:22:32,520 --> 00:22:35,040
Speaker 4: my personal credit card is forty five days, which obviously

502
00:22:35,080 --> 00:22:37,680
Speaker 4: no month is forty five days, but it's also from

503
00:22:37,720 --> 00:22:40,600
Speaker 4: the date of purchase, yes, like within the month. In

504
00:22:40,680 --> 00:22:42,600
Speaker 4: order to avoid paying interest, I only have to pay

505
00:22:42,640 --> 00:22:44,840
Speaker 4: for the things that I'd purchased within the last forty

506
00:22:44,840 --> 00:22:47,119
Speaker 4: five days. Okay, got you got you got? Yes, And

507
00:22:47,160 --> 00:22:48,600
Speaker 4: so I used to think that if you paid for

508
00:22:48,600 --> 00:22:49,480
Speaker 4: something on the twenty.

509
00:22:49,280 --> 00:22:52,000
Speaker 5: Eighth, yeah, I fully just thought whatever balance was, which

510
00:22:52,040 --> 00:22:54,119
Speaker 5: is really stupid, but I just thought, whatever's on my

511
00:22:54,200 --> 00:22:55,960
Speaker 5: card needs to be paid before the end of the month.

512
00:22:55,920 --> 00:22:56,480
Speaker 3: Or a pay interest.

513
00:22:56,800 --> 00:22:59,399
Speaker 2: I mean not sure that's a healthy habit. Yes, it's

514
00:22:59,440 --> 00:23:01,960
Speaker 2: a healthy It does give you a bit more flexibility

515
00:23:02,080 --> 00:23:04,440
Speaker 2: knowing that it's forty five days. Most of them are

516
00:23:04,560 --> 00:23:06,959
Speaker 2: forty five days. But you've got to make sure that

517
00:23:07,040 --> 00:23:10,560
Speaker 2: you're privy to the terms and conditions of your credit card,

518
00:23:10,640 --> 00:23:12,520
Speaker 2: which I would hope if you are signing up for

519
00:23:12,560 --> 00:23:17,360
Speaker 2: a credit card, you read Jessica. But I also think

520
00:23:17,400 --> 00:23:21,280
Speaker 2: before we get into this, credit cards like they are,

521
00:23:21,800 --> 00:23:23,600
Speaker 2: I think they're the devil, right. I think that they

522
00:23:23,640 --> 00:23:26,280
Speaker 2: are one of the worst things that can happen to

523
00:23:26,520 --> 00:23:28,760
Speaker 2: people who aren't good at money, But they are one

524
00:23:28,800 --> 00:23:30,840
Speaker 2: of the best things that can happen to people who

525
00:23:30,880 --> 00:23:33,200
Speaker 2: are great at money and are good at collecting points,

526
00:23:33,240 --> 00:23:35,600
Speaker 2: like a few people in my She's on the money team,

527
00:23:35,840 --> 00:23:39,240
Speaker 2: a fantastic at using credit cards, like Brook for example,

528
00:23:39,600 --> 00:23:42,720
Speaker 2: she is our video producer and does our course content.

529
00:23:43,240 --> 00:23:46,719
Speaker 2: She is so good at points hacking that she always

530
00:23:46,720 --> 00:23:50,840
Speaker 2: flies business class basically free, like wow, I am always

531
00:23:50,880 --> 00:23:55,080
Speaker 2: so impressed. But she's also very financially responsible, could never

532
00:23:55,119 --> 00:23:58,119
Speaker 2: be me Jess, very good with her credit card getting

533
00:23:58,160 --> 00:24:00,960
Speaker 2: all of her points Beck. It's not that side of

534
00:24:01,000 --> 00:24:05,080
Speaker 2: the table, Shu shun the non believer, like, it's just

535
00:24:05,240 --> 00:24:08,159
Speaker 2: not relatable. So I think it's really important to preface this.

536
00:24:09,119 --> 00:24:11,800
Speaker 2: I don't know, I feel like whenever I talk about

537
00:24:11,800 --> 00:24:13,720
Speaker 2: credit cards, I owe you guys a little bit of

538
00:24:13,760 --> 00:24:16,840
Speaker 2: an explormation or like a disclaimer beforehand that this isn't

539
00:24:16,840 --> 00:24:19,400
Speaker 2: going to work for everybody. But residual interest is something

540
00:24:19,440 --> 00:24:23,560
Speaker 2: we should all understand. So residual interest is sometimes called

541
00:24:23,640 --> 00:24:27,359
Speaker 2: like trailing interest, so it's interest that follows the loan

542
00:24:27,640 --> 00:24:31,600
Speaker 2: happens when you carry your credit card balance from one

543
00:24:31,720 --> 00:24:35,200
Speaker 2: month or one period of forty five values to the next,

544
00:24:35,480 --> 00:24:38,840
Speaker 2: and it builds up every day, so daily between the

545
00:24:38,960 --> 00:24:42,080
Speaker 2: time that your new statement is issued and the day

546
00:24:42,119 --> 00:24:46,040
Speaker 2: that your payment posts. So since it accruise after your

547
00:24:46,080 --> 00:24:49,560
Speaker 2: billing period closes, you're not actually going to see it

548
00:24:49,640 --> 00:24:52,120
Speaker 2: on your current statement like they don't. So say your

549
00:24:52,160 --> 00:24:57,000
Speaker 2: statement came out on like the twenty fifth of this month,

550
00:24:57,480 --> 00:24:59,680
Speaker 2: on the thirtieth of this month, you would have had,

551
00:24:59,800 --> 00:25:02,520
Speaker 2: you know, another five extra days of interest that has

552
00:25:02,560 --> 00:25:05,560
Speaker 2: built up. So if you paid out your quote credit

553
00:25:05,600 --> 00:25:08,520
Speaker 2: card in full on that day, you actually would have

554
00:25:08,600 --> 00:25:11,919
Speaker 2: had this trailing interest that is building up as well.

555
00:25:12,200 --> 00:25:14,880
Speaker 2: So if you're planning on paying out your credit card

556
00:25:14,920 --> 00:25:17,840
Speaker 2: in full, my recommendation is always call them up on

557
00:25:17,880 --> 00:25:19,760
Speaker 2: the day and say, hey, can you please calculate my

558
00:25:19,840 --> 00:25:22,400
Speaker 2: balance as at today and I will pay it today,

559
00:25:22,800 --> 00:25:25,960
Speaker 2: because otherwise you'll have trailing interest that needs to be

560
00:25:26,040 --> 00:25:29,760
Speaker 2: paid as well. So since it accrues, you can't see it.

561
00:25:30,119 --> 00:25:33,080
Speaker 2: So even if you paid like the full amount as

562
00:25:33,119 --> 00:25:36,159
Speaker 2: I was explaining, your next statement might come as a

563
00:25:36,200 --> 00:25:39,480
Speaker 2: surprise because you accruede some interest in that five day

564
00:25:39,520 --> 00:25:43,159
Speaker 2: window or in the window between your statements. Does that

565
00:25:43,240 --> 00:25:43,760
Speaker 2: make sense?

566
00:25:44,240 --> 00:25:47,280
Speaker 3: So I've written out an example because I'm like, this.

567
00:25:47,160 --> 00:25:51,040
Speaker 2: Is really important that you really get this so you

568
00:25:51,160 --> 00:25:53,199
Speaker 2: never have to like calculate it yourself. In fact, it

569
00:25:53,240 --> 00:25:56,159
Speaker 2: can almost be impossible to calculate it yourself. Your bank

570
00:25:56,520 --> 00:25:58,760
Speaker 2: or your credit card issuer will be able to do

571
00:25:58,840 --> 00:26:03,639
Speaker 2: that for you. But essentially you could estimate it, because

572
00:26:04,000 --> 00:26:07,000
Speaker 2: it accrues every single day, you don't know at the time, whatever,

573
00:26:07,400 --> 00:26:09,720
Speaker 2: you could estimate it. So say you got like a

574
00:26:09,760 --> 00:26:12,320
Speaker 2: whole heap of expenses a crew on a credit card

575
00:26:12,320 --> 00:26:14,240
Speaker 2: bill and you just couldn't afford to pay it off

576
00:26:14,440 --> 00:26:17,240
Speaker 2: all at once, and so you had one thousand dollars

577
00:26:17,240 --> 00:26:21,119
Speaker 2: on your credit card from last month's statement, and maybe

578
00:26:21,119 --> 00:26:25,040
Speaker 2: say that your annual interest rate is eighteen percent. I

579
00:26:25,040 --> 00:26:27,560
Speaker 2: feel like eighteen percent is a pretty normal interest rate

580
00:26:27,600 --> 00:26:30,600
Speaker 2: for credit cards these days, because most credit cards in

581
00:26:30,640 --> 00:26:33,959
Speaker 2: Australia sit between like sixteen and twenty five percent as

582
00:26:34,000 --> 00:26:37,639
Speaker 2: an interest rate. So what you would do is you

583
00:26:37,680 --> 00:26:41,280
Speaker 2: would divide your annual percentage rate of eighteen percent by

584
00:26:41,320 --> 00:26:43,360
Speaker 2: how many days there are in the year. So you're

585
00:26:43,359 --> 00:26:48,199
Speaker 2: going to divide eighteen by three hundred and sixty five days,

586
00:26:48,280 --> 00:26:50,480
Speaker 2: and that takes it to being So the answer to

587
00:26:50,480 --> 00:26:55,640
Speaker 2: that is point zero four nine three percent. So that's

588
00:26:55,640 --> 00:26:57,000
Speaker 2: not going to make a lot of sense right now

589
00:26:57,040 --> 00:26:57,240
Speaker 2: to you.

590
00:26:57,520 --> 00:26:58,160
Speaker 3: But when you.

591
00:26:58,119 --> 00:27:00,639
Speaker 2: Multiply this by your current DAN so you've got that

592
00:27:00,680 --> 00:27:03,919
Speaker 2: current balance of one thousand dollars, the result is forty

593
00:27:04,040 --> 00:27:07,800
Speaker 2: nine point three cents. So that's what you're going to

594
00:27:07,920 --> 00:27:11,960
Speaker 2: add to the balance every single day that you don't pay.

595
00:27:12,480 --> 00:27:14,080
Speaker 2: So you know how I was explaining, like, if your

596
00:27:14,119 --> 00:27:16,080
Speaker 2: bill came on the twenty fifth and then it's due

597
00:27:16,080 --> 00:27:18,080
Speaker 2: on the like, or you paid on the thirtieth, and

598
00:27:18,119 --> 00:27:20,400
Speaker 2: you've got those five days, you would need to take

599
00:27:20,440 --> 00:27:24,240
Speaker 2: that forty nine point three cents per day and accrue

600
00:27:24,240 --> 00:27:26,520
Speaker 2: that every single day. Now that doesn't mean it will

601
00:27:26,560 --> 00:27:28,400
Speaker 2: be one hundred percent correct, but that's a good way

602
00:27:28,440 --> 00:27:31,639
Speaker 2: of like estimating it. So if I guess your billing

603
00:27:31,720 --> 00:27:35,879
Speaker 2: cycle for that credit card bill that you you rolled

604
00:27:35,920 --> 00:27:38,320
Speaker 2: over from last month because we just couldn't pay it off,

605
00:27:38,760 --> 00:27:41,679
Speaker 2: is one thousand dollars, and it begins on the first

606
00:27:41,680 --> 00:27:44,600
Speaker 2: of every month, And let's say you pay off the

607
00:27:45,000 --> 00:27:48,520
Speaker 2: thousand dollars on the eleventh of that month, you would

608
00:27:48,560 --> 00:27:52,119
Speaker 2: be charged approximately four dollars and ninety three cents in

609
00:27:52,280 --> 00:27:55,560
Speaker 2: residual interest on that thousand dollars by the time the

610
00:27:55,600 --> 00:27:58,400
Speaker 2: payment was received. So does that make sense. So it's

611
00:27:58,440 --> 00:28:02,280
Speaker 2: like this tiny amount of interest, which they were clear

612
00:28:02,359 --> 00:28:06,280
Speaker 2: to you existed, But residual interest is the interest accrued

613
00:28:06,400 --> 00:28:08,520
Speaker 2: between the day you got your bill and it was

614
00:28:08,600 --> 00:28:10,720
Speaker 2: clear to you what you owed and then the day

615
00:28:10,760 --> 00:28:11,359
Speaker 2: that you paid it.

616
00:28:11,800 --> 00:28:14,919
Speaker 4: And the interest is going on the amount that you

617
00:28:15,000 --> 00:28:18,480
Speaker 4: owe or the entire so for example.

618
00:28:18,560 --> 00:28:20,399
Speaker 2: It'll be on the amount that you owe. So, like

619
00:28:20,520 --> 00:28:22,960
Speaker 2: as Jess was saying before, like if you're in your

620
00:28:23,000 --> 00:28:25,040
Speaker 2: and this is why credit cards start to get real

621
00:28:25,119 --> 00:28:28,959
Speaker 2: complicated really quickly. Say you had that one thousand dollars

622
00:28:29,040 --> 00:28:31,679
Speaker 2: that rolled over from last month, and that's there on

623
00:28:31,720 --> 00:28:34,320
Speaker 2: the first of this month, and then two days in

624
00:28:34,359 --> 00:28:36,919
Speaker 2: on like maybe let's say the third of this month,

625
00:28:37,000 --> 00:28:40,760
Speaker 2: you made a new purchase. That interest wouldn't apply to

626
00:28:40,840 --> 00:28:43,400
Speaker 2: that purchase that you just made because you're in your

627
00:28:43,440 --> 00:28:46,400
Speaker 2: forty five day interest free window. It would only apply

628
00:28:46,520 --> 00:28:49,440
Speaker 2: to that one thousand dollars. But after that forty five days,

629
00:28:49,440 --> 00:28:52,000
Speaker 2: if you had that one thousand dollars and your new purchase,

630
00:28:52,040 --> 00:28:53,760
Speaker 2: the interest would accrue for that too.

631
00:28:53,920 --> 00:28:57,040
Speaker 3: Gotcha, okay, gotcha? Does that make sense? It does? It does.

632
00:28:57,160 --> 00:28:59,800
Speaker 4: So let's say, for example, because it's been a long

633
00:28:59,800 --> 00:29:02,240
Speaker 4: time credit card, but let's say, for example, the entire

634
00:29:02,280 --> 00:29:04,920
Speaker 4: credit card you have used like five thousand dollars of it,

635
00:29:04,960 --> 00:29:06,760
Speaker 4: but the actual bill was like one hundred and thirty

636
00:29:06,800 --> 00:29:09,880
Speaker 4: eight dollars. Ye, just to clarify the if your interest

637
00:29:09,920 --> 00:29:13,560
Speaker 4: is being on that full five thousand, full five thousand, okay. Yeah,

638
00:29:14,040 --> 00:29:15,200
Speaker 4: So that bill.

639
00:29:14,960 --> 00:29:17,680
Speaker 2: That you get in the mail, which is really frustrating

640
00:29:17,720 --> 00:29:19,400
Speaker 2: to me, Like I want a bill to come in

641
00:29:19,400 --> 00:29:22,080
Speaker 2: the mail and be like bexsied you wigh five grand?

642
00:29:22,400 --> 00:29:23,600
Speaker 3: Yeah, okay, But what.

643
00:29:23,600 --> 00:29:25,880
Speaker 2: They're going to do is this is the minimum repayment.

644
00:29:26,160 --> 00:29:28,200
Speaker 2: You only have to pay us back one hundred and

645
00:29:28,200 --> 00:29:30,800
Speaker 2: thirty eight dollars of this five grand. And you go, oh,

646
00:29:30,800 --> 00:29:31,680
Speaker 2: that's not so bad.

647
00:29:31,720 --> 00:29:33,240
Speaker 3: I'll just pay that. Yeah.

648
00:29:33,280 --> 00:29:36,520
Speaker 2: But you know how we always talk about the magic

649
00:29:36,520 --> 00:29:39,320
Speaker 2: of compound interest and how sexy that is, and that's

650
00:29:39,400 --> 00:29:41,840
Speaker 2: the money that your money makes, and that money makes

651
00:29:41,880 --> 00:29:45,760
Speaker 2: money over time. That's exactly how credit card debts work.

652
00:29:45,840 --> 00:29:49,800
Speaker 2: But it's upside down. So every single day that you

653
00:29:49,840 --> 00:29:53,440
Speaker 2: hold credit card debt, you're essentially instead of paying. Like

654
00:29:53,680 --> 00:29:56,080
Speaker 2: we know, the Australian share market, right on average, over

655
00:29:56,080 --> 00:30:00,360
Speaker 2: the last thirty years, has returned about nine point two percent, right,

656
00:30:00,840 --> 00:30:03,479
Speaker 2: your credit card debt is racking up way more than that.

657
00:30:03,560 --> 00:30:07,000
Speaker 2: So like it's at eighteen percent. So like every month

658
00:30:07,080 --> 00:30:10,440
Speaker 2: you're paying the bank eighteen percent. So you can now

659
00:30:10,520 --> 00:30:12,840
Speaker 2: see why it's such a good investment for banks to

660
00:30:12,840 --> 00:30:15,840
Speaker 2: offer credit cards because they're getting eighteen percent return every

661
00:30:15,840 --> 00:30:18,080
Speaker 2: single time you don't pay your bill, and it's not

662
00:30:18,120 --> 00:30:20,280
Speaker 2: in their best interest to issue a statement that says, back,

663
00:30:20,360 --> 00:30:22,600
Speaker 2: by the way, here's the total amount you owe. By

664
00:30:22,600 --> 00:30:24,640
Speaker 2: the way, like work really hard to get rid of this.

665
00:30:25,040 --> 00:30:27,440
Speaker 2: They're going to go, hey, Beck, so you only also

666
00:30:27,480 --> 00:30:29,480
Speaker 2: one hundred and thirty eight dollars because we'll just roll

667
00:30:29,520 --> 00:30:31,600
Speaker 2: the five grand over and you can just pay interest

668
00:30:31,600 --> 00:30:34,240
Speaker 2: on that. Usually your one hundred and thirty eight dollars

669
00:30:34,880 --> 00:30:37,680
Speaker 2: is your interest payment. You just have to pay your

670
00:30:37,720 --> 00:30:40,880
Speaker 2: interest and keep it going. So, Beck, I've jumped onto

671
00:30:40,920 --> 00:30:43,840
Speaker 2: the moneysmart dot gov dot au website, which we all

672
00:30:43,880 --> 00:30:46,680
Speaker 2: know I adore, right, and they have a credit card

673
00:30:46,760 --> 00:30:49,600
Speaker 2: calculator which if you have credit card debt you absolutely

674
00:30:49,600 --> 00:30:51,720
Speaker 2: should go on here, But we use the example before

675
00:30:51,760 --> 00:30:53,200
Speaker 2: you said, V what if I have a five thousand

676
00:30:53,200 --> 00:30:55,480
Speaker 2: dollar credit card interest rate, We're going to go with

677
00:30:55,600 --> 00:31:00,520
Speaker 2: eighteen percent. If you make minimum repayments of that one

678
00:31:00,600 --> 00:31:04,400
Speaker 2: hundred and thirty eight dollars each and every single month, Beck,

679
00:31:05,600 --> 00:31:08,320
Speaker 2: that will take you thirty four years and seven months

680
00:31:08,680 --> 00:31:09,760
Speaker 2: to pay that debt off.

681
00:31:09,840 --> 00:31:11,440
Speaker 3: Oh crazy, wow?

682
00:31:11,880 --> 00:31:15,680
Speaker 2: Right, And that's at minimum repayments, Okay. That means over

683
00:31:15,720 --> 00:31:18,280
Speaker 2: that period of time, you will pay, in addition to

684
00:31:18,320 --> 00:31:21,680
Speaker 2: the five thousand dollars that you borrowed, an additional ten thousand,

685
00:31:21,840 --> 00:31:25,560
Speaker 2: six hundred and forty seven dollars because you borrowed the

686
00:31:25,560 --> 00:31:27,120
Speaker 2: money from the bank at eighteen percent.

687
00:31:27,760 --> 00:31:29,520
Speaker 3: WHOA, it doesn't not just hurt your side?

688
00:31:29,520 --> 00:31:32,360
Speaker 4: I know I can totally see too how I mean,

689
00:31:32,520 --> 00:31:33,960
Speaker 4: of course, like it just happened to me, but like

690
00:31:34,000 --> 00:31:36,280
Speaker 4: how easy it is to just be snowed under it.

691
00:31:36,280 --> 00:31:38,520
Speaker 2: It's a slippery slope. Because you just got the letter

692
00:31:38,560 --> 00:31:40,640
Speaker 2: in the mail and it said, Beck, your minimum repayment

693
00:31:40,680 --> 00:31:43,720
Speaker 2: is one hundred and thirty eight dollars, and you said, fantastic,

694
00:31:43,760 --> 00:31:46,520
Speaker 2: I'll just pay that then. But what you're choosing when

695
00:31:46,560 --> 00:31:50,560
Speaker 2: you pay that as the minimum is you're choosing another

696
00:31:50,640 --> 00:31:53,080
Speaker 2: thirty four years and seven months to pay that off,

697
00:31:53,120 --> 00:31:57,000
Speaker 2: and you're choosing to pay an additional ten thousand, six

698
00:31:57,120 --> 00:31:59,360
Speaker 2: hundred and forty seven dollars on the debt that you

699
00:31:59,480 --> 00:32:02,840
Speaker 2: already owe. WHOA Like it's not worth it, is it?

700
00:32:02,840 --> 00:32:04,760
Speaker 2: But they don't want you to kind of know that.

701
00:32:04,920 --> 00:32:06,920
Speaker 2: So the thing that they will highlight is that all

702
00:32:06,960 --> 00:32:08,760
Speaker 2: you have to pay today is one hundred and thirty

703
00:32:08,800 --> 00:32:10,240
Speaker 2: eight dollars. I mean, if you look at the rest

704
00:32:10,280 --> 00:32:13,000
Speaker 2: of the statement, legally they are going to have you

705
00:32:13,040 --> 00:32:15,480
Speaker 2: know your total amount owing and how long it will

706
00:32:15,520 --> 00:32:17,120
Speaker 2: take you. But you didn't see that because it's in

707
00:32:17,160 --> 00:32:18,920
Speaker 2: the fine print. It's down the bottom. Like they're not

708
00:32:19,200 --> 00:32:22,280
Speaker 2: highlighting that. They're highlighting the pretty thing up the top

709
00:32:22,360 --> 00:32:25,600
Speaker 2: right hand corner. Usually that says minimum repayment due on

710
00:32:25,800 --> 00:32:27,840
Speaker 2: the thirtieth of this month. There's one hundred and thirty

711
00:32:27,880 --> 00:32:31,200
Speaker 2: eight dollars. And you think palatable too bad? One hundred

712
00:32:31,240 --> 00:32:33,320
Speaker 2: and thirty eight dollars, I mean, oh, five grand, but

713
00:32:33,320 --> 00:32:35,360
Speaker 2: at least to have new furniture for the house that

714
00:32:35,400 --> 00:32:37,120
Speaker 2: I've just moved into, and it's taken a whole heap

715
00:32:37,120 --> 00:32:39,560
Speaker 2: of stress off me. Don't get me wrong, We've all

716
00:32:39,600 --> 00:32:41,880
Speaker 2: been in that situation. But this is why we need

717
00:32:41,920 --> 00:32:45,800
Speaker 2: to prioritize our debt reduction and paying off our credit cards,

718
00:32:46,000 --> 00:32:49,160
Speaker 2: because it's stripping away more than ten grand of your

719
00:32:49,200 --> 00:32:53,480
Speaker 2: money by choosing minimum repayments. Yeah, but the credit card

720
00:32:53,480 --> 00:32:56,479
Speaker 2: company does not want to educate you on that because

721
00:32:56,760 --> 00:33:00,600
Speaker 2: it makes them a lot of money opening They just

722
00:33:00,680 --> 00:33:06,200
Speaker 2: turned that five grand that they lent to you into fifteen. Wow, geniuses.

723
00:33:06,760 --> 00:33:11,080
Speaker 2: That mean I'll give anyway? So does that make sense? Yeah?

724
00:33:11,840 --> 00:33:14,800
Speaker 2: I feel like discussing residual income. That was a good one,

725
00:33:15,040 --> 00:33:17,640
Speaker 2: maybe even if it's not like your money dilemma. But

726
00:33:17,760 --> 00:33:20,360
Speaker 2: you want to like pop a voice note in and

727
00:33:20,440 --> 00:33:22,320
Speaker 2: send us a like, hey, could you explain this on

728
00:33:22,360 --> 00:33:25,200
Speaker 2: the show? That would be really cool. I love that. Yeah, definitely,

729
00:33:25,240 --> 00:33:27,400
Speaker 2: I love that because like we're always like, what should

730
00:33:27,400 --> 00:33:29,680
Speaker 2: we do? What are you guys interested in? Like, how's

731
00:33:29,720 --> 00:33:31,640
Speaker 2: that going to add value? You tell us?

732
00:33:31,960 --> 00:33:32,160
Speaker 6: Yeah?

733
00:33:32,200 --> 00:33:32,640
Speaker 3: So true.

734
00:33:32,720 --> 00:33:37,680
Speaker 2: And the intern, terrible intern actually deleted all of our

735
00:33:37,960 --> 00:33:41,880
Speaker 2: voice notes that we had on our website. See the

736
00:33:41,880 --> 00:33:45,680
Speaker 2: intern is Victoria. Yeah yeah, yeah, then I didn't know

737
00:33:45,760 --> 00:33:48,640
Speaker 2: that they weren't backed up. I thought that like they

738
00:33:48,680 --> 00:33:51,400
Speaker 2: would save somewhere else and they didn't save anywhere else.

739
00:33:51,440 --> 00:33:53,320
Speaker 2: So now we have no voice notes, and we've got

740
00:33:53,360 --> 00:33:56,480
Speaker 2: like one or two left. So if anybody is feeling

741
00:33:56,600 --> 00:33:59,160
Speaker 2: charitable and would like to help us top up our

742
00:33:59,200 --> 00:34:01,479
Speaker 2: voice notes, you can head to our website and hit

743
00:34:01,520 --> 00:34:04,200
Speaker 2: the podcast page and then there's like a record a

744
00:34:04,280 --> 00:34:07,000
Speaker 2: voice note for the show. You can leave voice notes

745
00:34:07,040 --> 00:34:09,600
Speaker 2: about questions you'd like on the show, love notes, whatever

746
00:34:09,800 --> 00:34:10,880
Speaker 2: sets your heart on fire.

747
00:34:11,480 --> 00:34:12,080
Speaker 3: That's so cute.

748
00:34:12,200 --> 00:34:15,560
Speaker 5: Excellent, Well, let's set into the spicy spicy DM.

749
00:34:15,680 --> 00:34:16,319
Speaker 3: I can't wait.

750
00:34:16,360 --> 00:34:19,240
Speaker 2: Are you ready for the spicy DM? That's already Okay,

751
00:34:19,440 --> 00:34:21,520
Speaker 2: here's the DM we got this week. Hey, she's on

752
00:34:21,560 --> 00:34:24,240
Speaker 2: the money. I believe if one person takes a career

753
00:34:24,280 --> 00:34:27,440
Speaker 2: break when looking after children, the other partner should contribute

754
00:34:27,480 --> 00:34:31,200
Speaker 2: to their super But my dad thinks it's disrespectful to

755
00:34:31,280 --> 00:34:34,520
Speaker 2: even suggest this, saying it's the kind of thing that

756
00:34:34,600 --> 00:34:38,560
Speaker 2: could drive a partner to walk out the door. I'd

757
00:34:38,880 --> 00:34:41,520
Speaker 2: love to hear your views and maybe get some AMMO

758
00:34:41,600 --> 00:34:44,879
Speaker 2: to prove to him he's got a very outdated view.

759
00:34:45,560 --> 00:34:50,040
Speaker 3: Oh gosh, to start.

760
00:34:50,000 --> 00:34:52,080
Speaker 2: Hey Dad, did you ever change a nappy?

761
00:34:52,360 --> 00:34:52,800
Speaker 3: Literally?

762
00:34:52,840 --> 00:34:56,840
Speaker 2: It's giving boomer energy? Did you ever change a nappy?

763
00:34:56,920 --> 00:34:58,400
Speaker 2: No interesting concept?

764
00:34:58,480 --> 00:34:58,759
Speaker 3: Did you?

765
00:34:59,000 --> 00:35:01,400
Speaker 2: How are you financial supporting mum? Dad?

766
00:35:03,120 --> 00:35:06,240
Speaker 3: I think it's like if you have a child.

767
00:35:06,360 --> 00:35:08,960
Speaker 4: It's so funny when when men say like they can

768
00:35:09,000 --> 00:35:11,719
Speaker 4: only really empathize with women when they have a woman

769
00:35:11,760 --> 00:35:13,319
Speaker 4: in their life that they care about. It, It's like

770
00:35:13,360 --> 00:35:15,840
Speaker 4: I can still, I can empathize with a with a

771
00:35:15,880 --> 00:35:19,000
Speaker 4: dog that's being hurt. I'm not a dog. Yeah, I

772
00:35:19,000 --> 00:35:20,640
Speaker 4: don't own a dog. But I didn't see that that,

773
00:35:20,680 --> 00:35:21,919
Speaker 4: you know what I mean. So I'm like, that's a funny.

774
00:35:21,960 --> 00:35:23,759
Speaker 4: But anyway, I'm not to perentuate that.

775
00:35:24,200 --> 00:35:27,400
Speaker 2: I always find it so interesting, Yeah, but not to

776
00:35:27,440 --> 00:35:28,120
Speaker 2: perpetuate that.

777
00:35:28,239 --> 00:35:29,960
Speaker 3: Like, you have a daughter, so you should understand.

778
00:35:30,160 --> 00:35:34,080
Speaker 4: But seriously, your daughter could be in a position where

779
00:35:34,080 --> 00:35:37,839
Speaker 4: she's financially dependent on someone who is making her life

780
00:35:38,000 --> 00:35:42,160
Speaker 4: miserable or literally so many other scenarios that could play

781
00:35:42,200 --> 00:35:45,279
Speaker 4: out if your daughter doesn't have any money when it

782
00:35:45,280 --> 00:35:49,160
Speaker 4: gets to retirement, you know. So I'm like, it's so

783
00:35:49,280 --> 00:35:53,000
Speaker 4: you're saying you would actually prefer the financial freedom to

784
00:35:53,080 --> 00:35:57,759
Speaker 4: sit in the hands your daughter's husband. Yeah, so that

785
00:35:57,880 --> 00:36:03,000
Speaker 4: if something happens, she's fine financially scrooged and he's Okay.

786
00:36:02,880 --> 00:36:03,960
Speaker 2: So that's okay with you.

787
00:36:04,600 --> 00:36:05,520
Speaker 3: That's what it sounds like.

788
00:36:05,600 --> 00:36:10,000
Speaker 4: It's like, okay, well she might be and you know, Touchwood,

789
00:36:10,000 --> 00:36:13,359
Speaker 4: but realistically, at that point when your daughter is ready

790
00:36:13,400 --> 00:36:16,759
Speaker 4: for retirement, has maybe like thirteen thousand dollars in her

791
00:36:16,760 --> 00:36:21,840
Speaker 4: super hopefully maybe less, maybe more, and you know, obviously

792
00:36:21,880 --> 00:36:25,040
Speaker 4: the parents might be gone by then maybe something's happened

793
00:36:25,080 --> 00:36:28,040
Speaker 4: to the husband Touchwood, hopefully not, and you're comfortable with

794
00:36:28,080 --> 00:36:34,319
Speaker 4: the idea that your daughter has nothing really to you know,

795
00:36:34,360 --> 00:36:37,120
Speaker 4: she can't really afford to live, she can't afford to cook,

796
00:36:37,120 --> 00:36:38,839
Speaker 4: she can't forward to This is a very extreme.

797
00:36:38,560 --> 00:36:43,080
Speaker 2: Story, obviously, but it's actually, sadly a very real scenario.

798
00:36:43,160 --> 00:36:44,359
Speaker 3: I really know that.

799
00:36:44,400 --> 00:36:49,080
Speaker 2: The biggest demographic of people experiencing homelessness are women in

800
00:36:49,120 --> 00:36:52,000
Speaker 2: their fifties and sixties. Yeah, and it is because they

801
00:36:52,000 --> 00:36:56,319
Speaker 2: weren't financially supported into retirement or they went through a

802
00:36:56,360 --> 00:37:00,360
Speaker 2: divorce or a separation and ended up with no superinuation.

803
00:37:00,760 --> 00:37:04,120
Speaker 2: And it's the culmination of all of those tiny steps

804
00:37:04,160 --> 00:37:06,000
Speaker 2: along the way, right, Like you might think, oh, no,

805
00:37:06,040 --> 00:37:07,560
Speaker 2: it's fine, I'll just take a year off because like

806
00:37:07,719 --> 00:37:10,240
Speaker 2: I really want to have a baby, and then you're

807
00:37:10,880 --> 00:37:15,000
Speaker 2: letting your partner overtake you when it comes to career progression.

808
00:37:15,160 --> 00:37:17,719
Speaker 2: Because so many times, oh so many times, when I

809
00:37:17,760 --> 00:37:20,040
Speaker 2: was a financial advisor, I'd see women come to me

810
00:37:20,239 --> 00:37:23,800
Speaker 2: and their partners were, you know, had really high incomes.

811
00:37:23,800 --> 00:37:25,680
Speaker 2: It doesn't matter what they did, but they had high

812
00:37:25,760 --> 00:37:28,840
Speaker 2: incomes because of the sacrifices that their partners made to

813
00:37:28,920 --> 00:37:31,920
Speaker 2: stay home and look after the family and contribute in

814
00:37:32,000 --> 00:37:34,359
Speaker 2: that way. That then the partner would be like, no,

815
00:37:34,480 --> 00:37:38,800
Speaker 2: I worked hard for my money, as though the sacrifice

816
00:37:39,360 --> 00:37:43,920
Speaker 2: wasn't held as like the burden was on women the

817
00:37:44,160 --> 00:37:44,800
Speaker 2: entire time.

818
00:37:44,920 --> 00:37:47,920
Speaker 4: Yeah, I know, it's so crazy that like two people

819
00:37:48,239 --> 00:37:51,040
Speaker 4: are deciding to do this thing together. And let's say,

820
00:37:51,080 --> 00:37:52,840
Speaker 4: I know I don't want to like in a baby

821
00:37:52,880 --> 00:37:55,160
Speaker 4: too like a pet, but just for this scenario, just

822
00:37:55,239 --> 00:37:56,480
Speaker 4: for this story.

823
00:37:56,239 --> 00:37:58,360
Speaker 2: Oh like the other I was sitting at the dining

824
00:37:58,400 --> 00:37:59,759
Speaker 2: table and it was like a little bit of ham

825
00:37:59,760 --> 00:38:01,479
Speaker 2: for my sound, a little bit of ham for my dog.

826
00:38:01,560 --> 00:38:05,760
Speaker 4: Like, but two people they want to say, for example,

827
00:38:05,840 --> 00:38:08,560
Speaker 4: by a dog, imagine one of the two people. Let's

828
00:38:08,560 --> 00:38:10,839
Speaker 4: take gender out of this completely, and now we're looking

829
00:38:10,840 --> 00:38:15,239
Speaker 4: at just two figures. And now does it it does

830
00:38:15,280 --> 00:38:18,800
Speaker 4: sound a little bit more ridiculous when you take gender

831
00:38:18,840 --> 00:38:20,280
Speaker 4: out of it and you just look at two people

832
00:38:20,480 --> 00:38:22,359
Speaker 4: and you're like, two people have decided to do this thing,

833
00:38:23,200 --> 00:38:24,200
Speaker 4: only one of you.

834
00:38:24,760 --> 00:38:27,080
Speaker 2: Sorry, you can't work.

835
00:38:27,080 --> 00:38:28,120
Speaker 3: Actually you can't get any money.

836
00:38:28,160 --> 00:38:29,640
Speaker 2: You can't get any soup, but you can't get any

837
00:38:29,680 --> 00:38:32,840
Speaker 2: like for you, actually just none for you, randomly for

838
00:38:32,880 --> 00:38:34,759
Speaker 2: absolutely no reason, just some arbitrary reason.

839
00:38:35,080 --> 00:38:40,080
Speaker 3: There is a reason, you know, gap babies maybe need

840
00:38:40,080 --> 00:38:40,799
Speaker 3: breast milk or whatever.

841
00:38:40,840 --> 00:38:44,719
Speaker 4: There's there's maybe many reasons why this one figure might

842
00:38:44,760 --> 00:38:46,640
Speaker 4: have to stay home. But it's like when you look

843
00:38:46,640 --> 00:38:49,120
Speaker 4: at it like that, you're like, but these two people

844
00:38:49,120 --> 00:38:52,239
Speaker 4: made the decision, So why is only one getting all

845
00:38:52,360 --> 00:38:55,880
Speaker 4: of these consequences? You know, it just seems so unfair,

846
00:38:56,160 --> 00:39:01,879
Speaker 4: because yes, an unfair division of labor, sexual relationships work, Beck,

847
00:39:02,160 --> 00:39:04,080
Speaker 4: I don't like that, and I just think.

848
00:39:04,000 --> 00:39:07,279
Speaker 2: So don't have a heterosexual relationship. Yeah, true, It's like

849
00:39:08,680 --> 00:39:11,600
Speaker 2: I won't, but I think it is. It's super interesting

850
00:39:11,719 --> 00:39:15,600
Speaker 2: because I don't even think that's outdated, Like I just

851
00:39:15,600 --> 00:39:19,480
Speaker 2: think it's wrong, like even history, Like let's go back,

852
00:39:19,600 --> 00:39:22,560
Speaker 2: let's go back to the nineteen fifties, Gregory, let's talk

853
00:39:22,600 --> 00:39:25,440
Speaker 2: about it. Did you have a job that could put

854
00:39:25,480 --> 00:39:27,759
Speaker 2: food on the table, a roof over the heads of

855
00:39:27,800 --> 00:39:29,759
Speaker 2: your family, and go on a family holiday each and

856
00:39:29,760 --> 00:39:33,280
Speaker 2: every single year without your partner working. Great, you probably

857
00:39:33,320 --> 00:39:37,040
Speaker 2: could have in twenty twenty four, that is not the reality.

858
00:39:37,160 --> 00:39:40,640
Speaker 2: In fact, both parents need to work. And I'm sorry

859
00:39:40,719 --> 00:39:43,560
Speaker 2: women are still being paid less, Like why aren't you

860
00:39:43,840 --> 00:39:47,080
Speaker 2: as a girl? Dad mad that your daughter doesn't have

861
00:39:47,160 --> 00:39:50,160
Speaker 2: the exact same opportunities as a boy born on the

862
00:39:50,200 --> 00:39:53,319
Speaker 2: same day as her yep, Like I remember the day

863
00:39:53,360 --> 00:39:55,120
Speaker 2: that I gave birth to Harvey because we didn't know

864
00:39:55,160 --> 00:39:57,239
Speaker 2: his gender, Like, we had no idea if we're having

865
00:39:57,239 --> 00:40:00,239
Speaker 2: a boy or a girl. And I remember thinking like

866
00:40:00,280 --> 00:40:03,920
Speaker 2: maybe it was the next day, Wow, you're a white male.

867
00:40:05,120 --> 00:40:06,160
Speaker 3: That's going to be good to you.

868
00:40:07,360 --> 00:40:13,239
Speaker 2: And I remember thinking wow, like the burden is never

869
00:40:13,280 --> 00:40:15,359
Speaker 2: going to sit that heavily on your shoulders. And I

870
00:40:15,440 --> 00:40:19,799
Speaker 2: hope I can educate you enough to understand what that

871
00:40:19,880 --> 00:40:23,120
Speaker 2: burden is going to look like for maybe your sisters

872
00:40:23,120 --> 00:40:25,640
Speaker 2: in the future, or for your partner, or for your

873
00:40:25,680 --> 00:40:27,920
Speaker 2: friends or for your fan like I hope that I

874
00:40:28,000 --> 00:40:32,120
Speaker 2: can do this justice and bring up like a feminist

875
00:40:32,200 --> 00:40:36,360
Speaker 2: little boy who just cares about other people and wanting equality,

876
00:40:36,520 --> 00:40:39,120
Speaker 2: Like I just remember being like, that's a burden to carry, Okay,

877
00:40:39,160 --> 00:40:41,880
Speaker 2: no worries, but then at the same time being like, well,

878
00:40:42,520 --> 00:40:44,920
Speaker 2: you're not ever going to experience a genda pay cap,

879
00:40:45,840 --> 00:40:49,239
Speaker 2: Like it's insane to me that other parents aren't immediately

880
00:40:49,280 --> 00:40:52,719
Speaker 2: like protect my daughter protect Like to me, it's a

881
00:40:52,760 --> 00:40:57,560
Speaker 2: protective mechanism, Like there's just I couldn't imagine my dad's

882
00:40:57,560 --> 00:41:01,280
Speaker 2: saying that. I know anyway, you won't have any quote, ammo.

883
00:41:01,400 --> 00:41:04,160
Speaker 2: I just have a lot of disappointment that I suggest

884
00:41:04,239 --> 00:41:07,400
Speaker 2: the situation. Of course you can suggest.

885
00:41:07,160 --> 00:41:09,040
Speaker 5: I would say, kind of what you were getting to

886
00:41:09,160 --> 00:41:11,920
Speaker 5: at the end, I would almost take gender out of it,

887
00:41:11,960 --> 00:41:14,960
Speaker 5: because I think that the additional super contribution should be

888
00:41:15,000 --> 00:41:18,800
Speaker 5: applicable regardless of you know, if it's two men, two women,

889
00:41:19,040 --> 00:41:23,240
Speaker 5: to non conforming identitied people, if the male is choosing

890
00:41:23,280 --> 00:41:25,480
Speaker 5: to be the stay at home parent, regardless of the situation,

891
00:41:25,600 --> 00:41:29,200
Speaker 5: I think whatever person is taking time out of the

892
00:41:29,239 --> 00:41:32,640
Speaker 5: workforce deserves to have their superannuation contributed. And as you

893
00:41:32,640 --> 00:41:34,759
Speaker 5: were saying, my husband and I have spoken about this,

894
00:41:34,960 --> 00:41:38,400
Speaker 5: and I have and will contribute to my husband's superannuation

895
00:41:38,600 --> 00:41:40,520
Speaker 5: into the future when he takes more time.

896
00:41:40,400 --> 00:41:43,080
Speaker 2: Off because I want more babies. Yeah, that's just how

897
00:41:43,120 --> 00:41:43,759
Speaker 2: it's going to work.

898
00:41:43,880 --> 00:41:44,799
Speaker 3: Yes, I think the.

899
00:41:44,880 --> 00:41:47,359
Speaker 5: Argument of that is really just as you are kind

900
00:41:47,400 --> 00:41:50,120
Speaker 5: of touching on that, whoever taking time out of the

901
00:41:50,120 --> 00:41:52,160
Speaker 5: workforce is being put on the back foot. I feel

902
00:41:52,160 --> 00:41:55,120
Speaker 5: like maybe your dad's perspective is also coming from, you know,

903
00:41:55,280 --> 00:41:59,520
Speaker 5: a byproduct of again, his generation is largely people didn't

904
00:41:59,600 --> 00:42:01,839
Speaker 5: really get divorced back in our parents' day.

905
00:42:01,840 --> 00:42:04,279
Speaker 2: I feel it's cool, mum, mum, when you divorce dad,

906
00:42:04,760 --> 00:42:07,320
Speaker 2: don't forget it. And if you're not in Western Australia,

907
00:42:07,360 --> 00:42:10,640
Speaker 2: you can take half his supers. So yeah, that if

908
00:42:10,640 --> 00:42:12,200
Speaker 2: you get a good lawyer, you could have like sixty

909
00:42:12,239 --> 00:42:14,840
Speaker 2: or seventy percent of be super anyway, moving on on, Yeah.

910
00:42:14,640 --> 00:42:18,759
Speaker 5: But I almost think that perhaps it's not safeguarding your

911
00:42:18,800 --> 00:42:21,160
Speaker 5: future in that way. Isn't maybe something that occurs to

912
00:42:21,280 --> 00:42:24,160
Speaker 5: him because it just simply wasn't something happened and that's

913
00:42:24,160 --> 00:42:26,600
Speaker 5: not an excuse, Like I think, I completely agree. I

914
00:42:26,600 --> 00:42:29,920
Speaker 5: think it's his mentality quite frankly is wrong from my perspective,

915
00:42:30,360 --> 00:42:32,520
Speaker 5: but I think that maybe that's what he's thinking. And

916
00:42:32,560 --> 00:42:35,520
Speaker 5: I think in terms of presenting your argument, because that's

917
00:42:35,560 --> 00:42:37,960
Speaker 5: what you've asked us about. I would be explaining, well,

918
00:42:38,000 --> 00:42:39,960
Speaker 5: God forbid, if something does happen in the future and

919
00:42:40,000 --> 00:42:41,880
Speaker 5: I need to leave, Like, do I not deserve to

920
00:42:41,920 --> 00:42:45,440
Speaker 5: have the same opportunity the big opportunity cost of not

921
00:42:45,480 --> 00:42:48,719
Speaker 5: contributing to SUPER, Because I guess the argument could be made, Oh,

922
00:42:48,719 --> 00:42:51,680
Speaker 5: but you have access to the family bank account or

923
00:42:51,719 --> 00:42:54,919
Speaker 5: the whatever is that's not compounding at the same rate

924
00:42:54,960 --> 00:42:58,880
Speaker 5: as Super. There's also additional tax benefits for contributing to SUPER,

925
00:42:59,040 --> 00:43:02,040
Speaker 5: Like there's a lot of it is from choosing to

926
00:43:02,080 --> 00:43:03,960
Speaker 5: go that route. And I think the bye and far

927
00:43:04,000 --> 00:43:06,960
Speaker 5: the biggest one and the one that should be convincing him,

928
00:43:07,000 --> 00:43:09,040
Speaker 5: not that you should need to convince him, is that

929
00:43:09,120 --> 00:43:13,040
Speaker 5: it's putting you in the best possible situation. And I'm sorry,

930
00:43:13,080 --> 00:43:14,680
Speaker 5: but any man who is going to walk out on

931
00:43:14,719 --> 00:43:16,399
Speaker 5: you because you've asked him to contribute to your SUPER

932
00:43:16,600 --> 00:43:18,680
Speaker 5: is not a man that she should be married to, dating,

933
00:43:18,960 --> 00:43:21,560
Speaker 5: sleeping with, or really breathing in the direction of. Like

934
00:43:21,600 --> 00:43:26,239
Speaker 5: that is a recatcher, ridiculous, ridiculous sentiment. And I think

935
00:43:26,320 --> 00:43:28,640
Speaker 5: our listener is totally right that that is very much

936
00:43:28,680 --> 00:43:31,640
Speaker 5: a byproduct of you know him and his generation but

937
00:43:31,880 --> 00:43:34,160
Speaker 5: ultimately the reason that you would do this is because

938
00:43:34,239 --> 00:43:37,760
Speaker 5: both people who have chosen to have this child deserve

939
00:43:37,840 --> 00:43:40,799
Speaker 5: to continue to have opportunity, regardless of the fact that

940
00:43:40,840 --> 00:43:43,160
Speaker 5: the child has been born, and regardless of the gender

941
00:43:43,200 --> 00:43:45,960
Speaker 5: of the person who's staying at home. It's genuinely just

942
00:43:46,040 --> 00:43:49,760
Speaker 5: about safeguarding the future or your future, and any partner

943
00:43:49,800 --> 00:43:51,319
Speaker 5: who loves you should be on board with that.

944
00:43:51,480 --> 00:43:54,799
Speaker 2: One hundred percent. And also any partner that's like, I

945
00:43:54,800 --> 00:43:58,600
Speaker 2: don't know why I'm contributing to your super, Jess, I'm

946
00:43:58,640 --> 00:44:01,959
Speaker 2: sorry if you got plans to exit this relationship, because

947
00:44:02,000 --> 00:44:04,200
Speaker 2: I'm pretty sure that we agreed on what's yours is

948
00:44:04,239 --> 00:44:07,080
Speaker 2: mine and what's mine is yours, and aren't we planning

949
00:44:07,120 --> 00:44:10,319
Speaker 2: on retiring together, then it's still our retirement fund, whether

950
00:44:10,320 --> 00:44:12,680
Speaker 2: it's in my super with your super. The second you

951
00:44:12,719 --> 00:44:14,399
Speaker 2: start going, oh but I don't want it in yours,

952
00:44:14,520 --> 00:44:16,800
Speaker 2: go but why Yeah, what are you so worried about?

953
00:44:17,120 --> 00:44:19,080
Speaker 2: Like we are we not as solid as I thought

954
00:44:19,080 --> 00:44:21,759
Speaker 2: that you were, Like, I just I have a lot

955
00:44:21,760 --> 00:44:24,520
Speaker 2: of conversations, and I also I am probably on a

956
00:44:24,640 --> 00:44:27,759
Speaker 2: very pessimistic side of TikTok at the moment where lots

957
00:44:27,760 --> 00:44:30,759
Speaker 2: of women are like, let's just not have partners because

958
00:44:30,760 --> 00:44:34,040
Speaker 2: they're burdens. And I'm like, I see you, queen.

959
00:44:34,000 --> 00:44:35,960
Speaker 4: Yeah, like I get it, which I can see you

960
00:44:36,200 --> 00:44:39,759
Speaker 4: so unfair, it's actually insane you This is not the same.

961
00:44:39,760 --> 00:44:41,200
Speaker 4: But like imagine you're like saying with your best friend,

962
00:44:41,280 --> 00:44:43,080
Speaker 4: let's go on a trip to Japan together, like you're

963
00:44:43,080 --> 00:44:47,080
Speaker 4: talking about fan but anyway together, and it's like only

964
00:44:47,120 --> 00:44:49,000
Speaker 4: one of you pays for it, Like it just seems

965
00:44:49,080 --> 00:44:50,880
Speaker 4: so like you know what, I keep li likening it too,

966
00:44:50,920 --> 00:44:52,160
Speaker 4: like you're both making the decision.

967
00:44:52,160 --> 00:44:54,840
Speaker 3: You're both making a decision. Doesn't make any sense to me.

968
00:44:55,000 --> 00:44:59,239
Speaker 2: Yeah, I think equality is something that hasn't existed historically,

969
00:44:59,320 --> 00:45:01,319
Speaker 2: so it makes a lot of sense that it's just

970
00:45:01,400 --> 00:45:03,600
Speaker 2: not your dad's default. But I think it's a really

971
00:45:03,640 --> 00:45:07,040
Speaker 2: beautiful learning opportunity to go. Okay, Like, hey, I can

972
00:45:07,160 --> 00:45:10,000
Speaker 2: totally see that that might make I don't know, why

973
00:45:10,000 --> 00:45:11,000
Speaker 2: would that make you walk out?

974
00:45:11,080 --> 00:45:11,279
Speaker 6: Dad?

975
00:45:11,320 --> 00:45:13,400
Speaker 2: Like is it because you're bringing up this is probably

976
00:45:13,400 --> 00:45:15,520
Speaker 2: a good conversation to have about his money story? Like

977
00:45:15,840 --> 00:45:17,680
Speaker 2: why would you think that my partner would walk out

978
00:45:17,719 --> 00:45:20,000
Speaker 2: if I asked him to contribute to my super So

979
00:45:20,080 --> 00:45:24,040
Speaker 2: that I'm okay, Oh, I would walk him straight out.

980
00:45:24,040 --> 00:45:26,520
Speaker 2: You don't walk out, I'll hold the door open, don't

981
00:45:26,560 --> 00:45:27,200
Speaker 2: let it hit you.

982
00:45:27,320 --> 00:45:30,640
Speaker 4: Yes, seriously, Well, it will change your addresses everywhere for

983
00:45:30,760 --> 00:45:32,560
Speaker 4: you'll do with life admin see you later.

984
00:45:32,800 --> 00:45:33,160
Speaker 3: That's it.

985
00:45:33,239 --> 00:45:35,319
Speaker 5: And then flip it around like if you don't want

986
00:45:35,360 --> 00:45:37,719
Speaker 5: to contribute my stuper okay, no problems. How about you

987
00:45:37,760 --> 00:45:39,440
Speaker 5: be the stay at home parent because.

988
00:45:39,160 --> 00:45:41,920
Speaker 2: I don't want to sacrifice my financial future and.

989
00:45:42,120 --> 00:45:44,399
Speaker 5: Money for my stupor and you'll get nothing and then

990
00:45:44,400 --> 00:45:45,440
Speaker 5: see how they feel about that.

991
00:45:45,520 --> 00:45:50,959
Speaker 2: Yes, when we have these conversations before you actually choose

992
00:45:50,960 --> 00:45:54,200
Speaker 2: to get pregnant as well, because like red flag run, yeah,

993
00:45:54,440 --> 00:45:57,840
Speaker 2: big time. We asked the community obviously, we said what

994
00:45:57,960 --> 00:46:00,640
Speaker 2: do you think of her dad's view? Eighty one percent

995
00:46:00,680 --> 00:46:03,319
Speaker 2: of you said it's outdated, eight percent of you said

996
00:46:03,360 --> 00:46:07,160
Speaker 2: he's got a point, oh what, and ten percent said

997
00:46:07,239 --> 00:46:09,239
Speaker 2: I don't agree, but I know lots who do.

998
00:46:10,360 --> 00:46:10,839
Speaker 3: That's hard.

999
00:46:10,920 --> 00:46:13,440
Speaker 2: Another question we asked was, have you or do you

1000
00:46:13,680 --> 00:46:16,920
Speaker 2: plan to have the other partner contribute to the primary

1001
00:46:16,960 --> 00:46:20,359
Speaker 2: cares super Forty one percent of you said yes because

1002
00:46:20,360 --> 00:46:25,759
Speaker 2: it's only fair. For forty six percent of you, I

1003
00:46:25,800 --> 00:46:28,400
Speaker 2: get this said you hadn't considered it, but now you've

1004
00:46:28,440 --> 00:46:31,440
Speaker 2: gone right, yes, hopefully, and thirteen percent said no, it's

1005
00:46:31,440 --> 00:46:32,240
Speaker 2: not for us.

1006
00:46:32,719 --> 00:46:34,080
Speaker 5: I said it to all of my friends when they

1007
00:46:34,120 --> 00:46:36,759
Speaker 5: got pregnant. Every friend I've said you should do your contribution.

1008
00:46:37,040 --> 00:46:39,279
Speaker 2: I feel like I've done so well at molding you

1009
00:46:39,440 --> 00:46:42,560
Speaker 2: into a small, yappy version of me. I tell them

1010
00:46:42,560 --> 00:46:45,920
Speaker 2: this spread the good word if you would like to

1011
00:46:46,080 --> 00:46:50,400
Speaker 2: join the church or we also said all right, we

1012
00:46:50,480 --> 00:46:53,840
Speaker 2: need your two cents. So someone said, if your partner

1013
00:46:53,840 --> 00:46:58,640
Speaker 2: walks out because of this request, farewell, sucker genuinely. Someone

1014
00:46:58,719 --> 00:47:01,320
Speaker 2: said voted no, but only because I'm very fortunate my

1015
00:47:01,360 --> 00:47:04,040
Speaker 2: employer is still gonna pay me super on Matt Leaf.

1016
00:47:04,239 --> 00:47:07,560
Speaker 2: Oh that's great, great, that is very cool. Someone else said,

1017
00:47:07,600 --> 00:47:12,919
Speaker 2: I'm so intrigued about the hadn't considered it results. Someone said,

1018
00:47:12,960 --> 00:47:16,640
Speaker 2: in a separation, wouldn't super get split anyway, But it

1019
00:47:16,719 --> 00:47:18,919
Speaker 2: is a smart way to maximize contributions.

1020
00:47:19,280 --> 00:47:21,080
Speaker 5: But if your super gets split, then you both end

1021
00:47:21,160 --> 00:47:23,200
Speaker 5: up on the back foot. Yeah, it's fifty percent of

1022
00:47:23,200 --> 00:47:24,319
Speaker 5: what one person should have had.

1023
00:47:24,400 --> 00:47:27,040
Speaker 2: Yeah, and yeah, it's also not a guarantee. So just

1024
00:47:27,040 --> 00:47:28,960
Speaker 2: because you're going through a divorce, it doesn't mean that

1025
00:47:29,000 --> 00:47:33,160
Speaker 2: you're gonna get part of your husband's superannuation. Like, if

1026
00:47:33,200 --> 00:47:36,240
Speaker 2: you have no money and you can't pay good legal

1027
00:47:36,320 --> 00:47:40,759
Speaker 2: representation and your husband is able to do that, I mean,

1028
00:47:40,760 --> 00:47:42,880
Speaker 2: this is a very you know, stereotypical example. And your

1029
00:47:42,920 --> 00:47:46,080
Speaker 2: husband's able to pay legal representation and scare the hell

1030
00:47:46,120 --> 00:47:48,759
Speaker 2: out of you and wear you down, you walk away

1031
00:47:48,800 --> 00:47:49,280
Speaker 2: with nothing.

1032
00:47:49,400 --> 00:47:51,320
Speaker 3: Yeah yeah, yeah seriously, So, like, can.

1033
00:47:51,200 --> 00:47:53,640
Speaker 2: We just set it up properly from the start, Like

1034
00:47:53,719 --> 00:47:57,000
Speaker 2: there are so many situations where women aren't able to

1035
00:47:57,080 --> 00:48:01,279
Speaker 2: advocate for themselves, or in a situation where the relationship

1036
00:48:01,280 --> 00:48:03,520
Speaker 2: has turned abusive and they would actually prefer to not

1037
00:48:03,560 --> 00:48:05,920
Speaker 2: have any money because they just don't want any confrontation

1038
00:48:06,000 --> 00:48:08,239
Speaker 2: and they want to walk away from this asap. Like

1039
00:48:08,280 --> 00:48:11,839
Speaker 2: there are so many reasons why, like bread and butter. Yeah,

1040
00:48:12,000 --> 00:48:14,080
Speaker 2: Like you would assume that in a separation you would

1041
00:48:14,120 --> 00:48:18,400
Speaker 2: review all of your finances and split it fairly. However,

1042
00:48:19,000 --> 00:48:21,640
Speaker 2: that's not always the reality of it. And prevention is

1043
00:48:21,680 --> 00:48:22,920
Speaker 2: better than cure, right.

1044
00:48:22,800 --> 00:48:25,480
Speaker 3: So true, But even if you do hypothetically stay together forever.

1045
00:48:25,719 --> 00:48:28,600
Speaker 4: And but one person has like a million dollars in super,

1046
00:48:28,640 --> 00:48:30,960
Speaker 4: one person has like five thousand dollars in super, I

1047
00:48:31,000 --> 00:48:32,279
Speaker 4: don't know what the dynamics like there.

1048
00:48:32,320 --> 00:48:32,840
Speaker 3: I just don't know that.

1049
00:48:32,880 --> 00:48:34,759
Speaker 4: If I go out with my partner and I don't

1050
00:48:34,760 --> 00:48:36,440
Speaker 4: have any money and she has to pay for everything,

1051
00:48:36,520 --> 00:48:37,880
Speaker 4: I feel silly.

1052
00:48:38,120 --> 00:48:39,520
Speaker 2: But she'sa mamma.

1053
00:48:39,600 --> 00:48:41,800
Speaker 3: She is sugar mama. Sometimes she's my sugar mama.

1054
00:48:41,920 --> 00:48:42,520
Speaker 2: I like it.

1055
00:48:42,560 --> 00:48:44,520
Speaker 4: I like it, you know, like it's still like whether

1056
00:48:44,520 --> 00:48:48,040
Speaker 4: you separate or not. It's like you still don't want that.

1057
00:48:48,120 --> 00:48:49,719
Speaker 3: Yeah, I get it, I get it.

1058
00:48:49,800 --> 00:48:52,600
Speaker 2: Someone else said, I said, not for us, because I'm

1059
00:48:52,600 --> 00:48:55,160
Speaker 2: going through IVF. We still don't have a baby, but

1060
00:48:55,200 --> 00:48:57,920
Speaker 2: once we get there, there won't be extra cash for SUPER.

1061
00:48:58,560 --> 00:48:59,320
Speaker 3: I understand.

1062
00:48:59,400 --> 00:49:02,360
Speaker 2: I totally get that. Someone else said, it's either contribute

1063
00:49:02,360 --> 00:49:04,600
Speaker 2: to SUPER or pay for daycare, cleaner and all of

1064
00:49:04,640 --> 00:49:06,440
Speaker 2: the other unpaid roles. Which one is it?

1065
00:49:06,920 --> 00:49:10,480
Speaker 5: Completely agree, completely agree. And the pain of it, like

1066
00:49:10,520 --> 00:49:12,120
Speaker 5: even if you went back to work, like as soon

1067
00:49:12,120 --> 00:49:13,440
Speaker 5: as you were able to, if that's a choice that

1068
00:49:13,440 --> 00:49:15,840
Speaker 5: you made, you still the time you have to take off,

1069
00:49:15,960 --> 00:49:17,840
Speaker 5: like you know, even if you push it right to

1070
00:49:17,880 --> 00:49:20,799
Speaker 5: the end, like a month maybe pre birth, and then

1071
00:49:20,840 --> 00:49:24,000
Speaker 5: however long post birth or where you physically cannot work.

1072
00:49:24,120 --> 00:49:27,880
Speaker 2: No true true. Someone else said, it's giving boomer. I agree.

1073
00:49:28,000 --> 00:49:31,520
Speaker 2: I agree someone said money is tight or maternity leave.

1074
00:49:31,680 --> 00:49:33,799
Speaker 2: I can see how asking for super good add more

1075
00:49:33,800 --> 00:49:37,640
Speaker 2: money stress. So this is true, but we're not asking

1076
00:49:37,680 --> 00:49:41,640
Speaker 2: for post tax contributions from your budget. We are asking

1077
00:49:41,760 --> 00:49:44,680
Speaker 2: for your partner to redirect some of their subranuation that

1078
00:49:44,760 --> 00:49:48,600
Speaker 2: doesn't hit your bank account to be redirected into your supranuation.

1079
00:49:49,120 --> 00:49:52,160
Speaker 2: So I get this concept that, oh, money's already tight.

1080
00:49:52,200 --> 00:49:54,359
Speaker 2: It's fine, Like that's a really good defense if it

1081
00:49:54,400 --> 00:49:57,320
Speaker 2: was coming from your bank account. But I'm actually asking

1082
00:49:57,400 --> 00:50:01,560
Speaker 2: for part of the contribution that you're employer or sorry,

1083
00:50:01,600 --> 00:50:04,960
Speaker 2: your partner's employer makes to their super to be split

1084
00:50:05,040 --> 00:50:07,440
Speaker 2: into two different super funds, one of which is yours.

1085
00:50:07,640 --> 00:50:10,200
Speaker 2: Your partner's employer is still paying the same percentage of

1086
00:50:10,239 --> 00:50:13,560
Speaker 2: superannuation to them in total, it's just going some into

1087
00:50:13,600 --> 00:50:17,040
Speaker 2: your account. So we're not asking for above and beyond.

1088
00:50:17,040 --> 00:50:18,120
Speaker 2: We're asking for split.

1089
00:50:18,480 --> 00:50:21,640
Speaker 4: Yes, I can see how that might be confusing or

1090
00:50:21,760 --> 00:50:24,360
Speaker 4: like scare people off from doing it, but yes, exactly

1091
00:50:24,360 --> 00:50:27,080
Speaker 4: as you're same. You also could definitely like add extral

1092
00:50:27,160 --> 00:50:30,520
Speaker 4: that's definitely part of the conversation. But to you, we're

1093
00:50:30,560 --> 00:50:34,040
Speaker 4: not asking for the budget to be impacted because I

1094
00:50:34,120 --> 00:50:36,799
Speaker 4: know how expensive a baby is, Like, I get that

1095
00:50:36,880 --> 00:50:39,719
Speaker 4: it would be very tight. So that is what I've

1096
00:50:39,760 --> 00:50:41,600
Speaker 4: brought to the table when it comes to our DM

1097
00:50:41,640 --> 00:50:43,320
Speaker 4: and I feel like I've gotten a little bit heated.

1098
00:50:43,320 --> 00:50:45,400
Speaker 2: So I'm sorry, but I'm also not sorry.

1099
00:50:45,840 --> 00:50:47,320
Speaker 3: No, you're doing God's work.

1100
00:50:47,480 --> 00:50:50,000
Speaker 2: But I also I just get so frustrated, Like we

1101
00:50:50,239 --> 00:50:53,240
Speaker 2: just want equality. I just want people to be paid

1102
00:50:54,200 --> 00:50:56,439
Speaker 2: what the job is worth, not what it is worth

1103
00:50:56,480 --> 00:51:00,800
Speaker 2: because you're a female. I want, like desperately for parents,

1104
00:51:01,120 --> 00:51:04,520
Speaker 2: especially in the generations that haven't had it before, to

1105
00:51:04,560 --> 00:51:08,680
Speaker 2: see the opportunity that this generation is creating for us

1106
00:51:08,719 --> 00:51:11,120
Speaker 2: in having a quality Like wouldn't you go, wow, that's

1107
00:51:11,120 --> 00:51:14,359
Speaker 2: a great idea, honey, Like wow, I really do want

1108
00:51:14,400 --> 00:51:17,400
Speaker 2: you to have everything and every opportunity afforded to you,

1109
00:51:17,520 --> 00:51:19,400
Speaker 2: and this is another way of doing that. Yes, I

1110
00:51:19,440 --> 00:51:22,160
Speaker 2: wish that we'd had that information when I was growing up.

1111
00:51:22,320 --> 00:51:24,640
Speaker 2: I wish I was able to do that for your mum, Like,

1112
00:51:25,120 --> 00:51:27,440
Speaker 2: those are the conversations I want to be having, not Oh,

1113
00:51:27,440 --> 00:51:30,000
Speaker 2: that's outdated. Your man will walk out on you. Yeah, Dad,

1114
00:51:30,000 --> 00:51:33,799
Speaker 2: who are you ridiculous? Still? David, I feel like that's

1115
00:51:33,840 --> 00:51:36,239
Speaker 2: all we have time for today. But before that if

1116
00:51:36,280 --> 00:51:38,960
Speaker 2: you have been thinking about changing your money mindset, if

1117
00:51:39,000 --> 00:51:41,239
Speaker 2: you have been thinking about him, they're sting or doing

1118
00:51:41,280 --> 00:51:44,839
Speaker 2: our money master class. Our bundle sale is still on

1119
00:51:45,120 --> 00:51:48,400
Speaker 2: until Monday. I'm going to pop all of the information

1120
00:51:48,520 --> 00:51:50,520
Speaker 2: for that into the show notes so that you can

1121
00:51:50,560 --> 00:51:52,160
Speaker 2: have a look. But it is a very good way

1122
00:51:52,239 --> 00:51:54,880
Speaker 2: of saving a whole heap of cash on our courses,

1123
00:51:55,120 --> 00:51:57,080
Speaker 2: and they're going to launch in January. It's going to

1124
00:51:57,120 --> 00:51:59,279
Speaker 2: be like our best year yet. I feel like I've

1125
00:51:59,280 --> 00:52:01,919
Speaker 2: been using the term thrive in twenty twenty five a lot,

1126
00:52:03,000 --> 00:52:06,000
Speaker 2: and it's becoming like my mantra, like next year is

1127
00:52:06,040 --> 00:52:07,720
Speaker 2: going to be the best year we've ever had. Jessica.

1128
00:52:07,760 --> 00:52:09,160
Speaker 3: Oh, I hope, So I can't wait.

1129
00:52:09,480 --> 00:52:11,600
Speaker 2: All right, have a good weekend, guys, and we will

1130
00:52:11,600 --> 00:52:13,680
Speaker 2: see you brite nearly on Monday for a money diary.

1131
00:52:13,760 --> 00:52:19,000
Speaker 3: Bye, guys, say.

1132
00:52:21,239 --> 00:52:23,800
Speaker 2: The advice shared on She's on the Money is general

1133
00:52:23,840 --> 00:52:27,720
Speaker 2: in nature and does not consider your individual circumstances. She's

1134
00:52:27,760 --> 00:52:31,160
Speaker 2: on the Money exists purely for educational purposes and should

1135
00:52:31,239 --> 00:52:34,400
Speaker 2: not be relied upon to make an investment or financial decision.

1136
00:52:34,800 --> 00:52:37,239
Speaker 2: If you do choose to buy a financial product, read

1137
00:52:37,280 --> 00:52:41,400
Speaker 2: the pds TMD and obtain appropriate financial advice tailored towards

1138
00:52:41,440 --> 00:52:44,759
Speaker 2: your needs. Victoria Divine and She's on the Money are

1139
00:52:44,800 --> 00:52:49,839
Speaker 2: authorized representatives of money sheirper Pty Ltd ABN three two

1140
00:52:49,840 --> 00:52:52,839
Speaker 2: one IS six four nine two seven seven zero eight

1141
00:52:53,120 --> 00:53:04,600
Speaker 2: AFSL four five one two eight nine