1
00:00:00,640 --> 00:00:04,880
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor

2
00:00:04,920 --> 00:00:08,600
Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before

3
00:00:08,640 --> 00:00:11,119
Speaker 1: we get started on She's on the Money podcast, I

4
00:00:11,119 --> 00:00:14,280
Speaker 1: would like to acknowledge the traditional custodians of the land

5
00:00:14,360 --> 00:00:17,640
Speaker 1: of which this podcast is recorded on a wondery country,

6
00:00:18,079 --> 00:00:22,200
Speaker 1: acknowledging the elders, the ancestors and the next generation coming

7
00:00:22,280 --> 00:00:26,920
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

8
00:00:27,040 --> 00:00:30,080
Speaker 1: and the storytelling of you to make a difference for

9
00:00:30,200 --> 00:00:33,040
Speaker 1: today and lasting impact for tomorrow.

10
00:00:33,280 --> 00:00:34,160
Speaker 2: Let's get into it.

11
00:00:34,320 --> 00:00:53,560
Speaker 3: She's on the Money. She's on the Money.

12
00:00:57,280 --> 00:01:00,760
Speaker 2: Hello, and welcome to She's on the Money podcast that

13
00:01:00,800 --> 00:01:05,039
Speaker 2: makes personal finance fun, especially on Fridays. It's our favorite

14
00:01:05,080 --> 00:01:06,800
Speaker 2: day of the week because we get our little team

15
00:01:06,800 --> 00:01:09,679
Speaker 2: together and we celebrate you, our incredible She's on the

16
00:01:09,680 --> 00:01:13,440
Speaker 2: Money community today, Mster Griccy is going to be giving

17
00:01:13,520 --> 00:01:17,640
Speaker 2: us some money wins and confessions from the community. Miss

18
00:01:17,720 --> 00:01:21,160
Speaker 2: beck'say Ed has some pretty deep broke tips which I'm

19
00:01:21,240 --> 00:01:24,080
Speaker 2: excited to get into. We're going to be helping to

20
00:01:24,080 --> 00:01:26,319
Speaker 2: answer a money dilemma which this week is all about

21
00:01:26,400 --> 00:01:29,440
Speaker 2: managing a zuerbranuation break while studying, and something that you

22
00:01:29,440 --> 00:01:31,800
Speaker 2: slipped into our DMS about This week, we're talking about

23
00:01:31,800 --> 00:01:34,280
Speaker 2: whether you should be worried if your partner wants to

24
00:01:34,360 --> 00:01:38,039
Speaker 2: gamble as a side hustle or I think we know

25
00:01:38,120 --> 00:01:42,039
Speaker 2: the ad when you put it further into it my loves.

26
00:01:42,400 --> 00:01:45,959
Speaker 2: As always, we start the show by sharing our favorite

27
00:01:46,040 --> 00:01:49,760
Speaker 2: five star review. Last week, Jess got to go first.

28
00:01:49,920 --> 00:01:52,320
Speaker 2: This week, Beck, it is your turn to have a

29
00:01:52,400 --> 00:01:55,120
Speaker 2: first cab off the rank. Yay, what do you bring

30
00:01:55,160 --> 00:01:55,800
Speaker 2: into the table?

31
00:01:55,880 --> 00:01:58,400
Speaker 4: This it comes from Carli, who says this podcast has

32
00:01:58,440 --> 00:02:00,920
Speaker 4: literally changed my life and until any one that will listen.

33
00:02:01,200 --> 00:02:03,800
Speaker 4: Having come from a home that never discussed financial literacy,

34
00:02:03,880 --> 00:02:06,120
Speaker 4: Victoria has taught me everything I need to know. If

35
00:02:06,160 --> 00:02:08,400
Speaker 4: you are open to the learnings and genuinely want to

36
00:02:08,400 --> 00:02:11,040
Speaker 4: grow or change, everything you need is here in this community.

37
00:02:11,200 --> 00:02:14,320
Speaker 4: Victoria is empowering women in every single episode, and I'm

38
00:02:14,400 --> 00:02:17,400
Speaker 4: so inspired by everything she shares with the community. I

39
00:02:17,400 --> 00:02:20,359
Speaker 4: have bought the books, the courses and everything between. Thank

40
00:02:20,400 --> 00:02:23,200
Speaker 4: you for everything you do, all of you. Oh my god,

41
00:02:24,000 --> 00:02:27,440
Speaker 4: so nice, Thank you, thanks so much.

42
00:02:27,800 --> 00:02:30,600
Speaker 2: That is really really sweet. And the fact that she

43
00:02:30,800 --> 00:02:34,079
Speaker 2: took the time to write that to it. Oh love,

44
00:02:34,200 --> 00:02:37,280
Speaker 2: that's really sweet. Thank you so much, made my day.

45
00:02:37,600 --> 00:02:40,320
Speaker 2: That's so good. All right, Jess, What have you got?

46
00:02:40,360 --> 00:02:43,440
Speaker 5: Mine is from unsettled life dot com. Honestly relatable.

47
00:02:44,040 --> 00:02:44,640
Speaker 2: They said.

48
00:02:44,880 --> 00:02:46,720
Speaker 5: At the beginning of twenty twenty four, I hosted a

49
00:02:46,760 --> 00:02:49,520
Speaker 5: vision boarding get together with my friends. One of the

50
00:02:49,520 --> 00:02:51,760
Speaker 5: goals was to listen to more podcasts, and another was

51
00:02:51,800 --> 00:02:54,240
Speaker 5: to sort my finances out and grow my savings now

52
00:02:54,240 --> 00:02:56,840
Speaker 5: that I was two years post divorce. I'm so happy

53
00:02:56,840 --> 00:02:59,280
Speaker 5: to say it now ten months in that that one

54
00:02:59,360 --> 00:03:02,000
Speaker 5: goal support or the other. I love how dependable this

55
00:03:02,080 --> 00:03:05,120
Speaker 5: podcast is. You have Victoria as your advocate and cheerleader

56
00:03:05,200 --> 00:03:08,920
Speaker 5: every single Monday, Wednesday, Friday and now Saturday to remind

57
00:03:08,960 --> 00:03:11,200
Speaker 5: you is what you're working for and to give you

58
00:03:11,240 --> 00:03:14,200
Speaker 5: a ton of tips and tricks. Victoria is a thirty

59
00:03:14,200 --> 00:03:16,600
Speaker 5: three year old mogul and absolute boss for woman.

60
00:03:16,440 --> 00:03:18,840
Speaker 2: But she's a stretch bit Okay, I'll take it.

61
00:03:19,040 --> 00:03:21,560
Speaker 5: Every week by Beck, who lives in sharehousing and has

62
00:03:21,560 --> 00:03:23,240
Speaker 5: the most creative and sometimes.

63
00:03:22,840 --> 00:03:27,160
Speaker 2: Hilarious broke tips you do. And Jesse is.

64
00:03:27,200 --> 00:03:29,240
Speaker 5: Working on her side hustles and saving to buy her

65
00:03:29,240 --> 00:03:31,840
Speaker 5: first home and so many diverse money diarists with their

66
00:03:31,880 --> 00:03:34,359
Speaker 5: own stories to share. Guaranteed there is someone you can

67
00:03:34,400 --> 00:03:37,920
Speaker 5: relate to every week. I'm proud to say, with the

68
00:03:37,960 --> 00:03:39,880
Speaker 5: help of She's on the Money as well as the

69
00:03:39,880 --> 00:03:42,840
Speaker 5: Broke Generation podcast Shatter Emma, we love you, I've got

70
00:03:42,840 --> 00:03:45,640
Speaker 5: a healthy emergency fund and have a solid handle on

71
00:03:45,720 --> 00:03:48,200
Speaker 5: my budget and have invested my first five hundred dollars

72
00:03:48,240 --> 00:03:50,600
Speaker 5: with Chareze's and finally, for the first time in my life,

73
00:03:50,640 --> 00:03:53,120
Speaker 5: feel like I'm fully in control of every aspect of

74
00:03:53,160 --> 00:03:53,720
Speaker 5: my finance.

75
00:03:54,240 --> 00:03:58,280
Speaker 2: Get into it. Yes, yes, yes, that's incredible. That's incredible,

76
00:03:58,720 --> 00:04:03,320
Speaker 2: warm and fuzzy. Yeah, yes, absolutely it does. But just

77
00:04:03,360 --> 00:04:05,920
Speaker 2: like two years post divorce, you're killing it.

78
00:04:06,280 --> 00:04:08,680
Speaker 3: That's up.

79
00:04:08,800 --> 00:04:11,400
Speaker 2: I love this so much for you, but also just

80
00:04:12,160 --> 00:04:14,880
Speaker 2: I love our diversity of our team. Yeah, we all

81
00:04:15,040 --> 00:04:17,400
Speaker 2: just from different places, but we're all on the same page.

82
00:04:18,040 --> 00:04:21,719
Speaker 2: Like we all have very different money stories, but we're

83
00:04:21,720 --> 00:04:23,080
Speaker 2: all just vibin.

84
00:04:22,920 --> 00:04:23,520
Speaker 4: We're all here.

85
00:04:23,880 --> 00:04:26,200
Speaker 2: I think it's important. I think it's really important because

86
00:04:26,200 --> 00:04:27,719
Speaker 2: you don't just want to hear from me, where you

87
00:04:27,720 --> 00:04:29,360
Speaker 2: want to hear from a team of people who all

88
00:04:29,400 --> 00:04:32,040
Speaker 2: have diverse opinions. Yeah, and like that's what we try

89
00:04:32,040 --> 00:04:35,000
Speaker 2: to do. Anyway, I have one. It is from Emmy

90
00:04:35,120 --> 00:04:38,480
Speaker 2: Rose zero five, double one, and Emmy Rose says, I

91
00:04:38,520 --> 00:04:40,919
Speaker 2: am a twenty one year old girl who started working

92
00:04:40,960 --> 00:04:44,640
Speaker 2: her first adult job this year as a registered nurse. Congrats, baby,

93
00:04:44,839 --> 00:04:47,719
Speaker 2: she says, I'm loving it. By the way, and lucky

94
00:04:47,760 --> 00:04:50,200
Speaker 2: for me, I started listening to the pod almost two

95
00:04:50,360 --> 00:04:53,120
Speaker 2: years ago. Finally earning some real money this year, and

96
00:04:53,160 --> 00:04:55,040
Speaker 2: thanks to this, she's on the Money podcast, I've been

97
00:04:55,080 --> 00:04:57,440
Speaker 2: able to budget and save more than I could have

98
00:04:57,600 --> 00:05:01,440
Speaker 2: possibly imagined. I also found that you girls were answering

99
00:05:01,480 --> 00:05:03,960
Speaker 2: all the questions I never knew I had in relation

100
00:05:04,040 --> 00:05:07,640
Speaker 2: to hex my tax, my tax return, and my superannuation.

101
00:05:08,200 --> 00:05:10,359
Speaker 2: I feel like you are my big sisters, giving me

102
00:05:10,440 --> 00:05:13,200
Speaker 2: the advice and information that no one in my family

103
00:05:13,320 --> 00:05:16,080
Speaker 2: ever could. Thank you for helping me the way you do.

104
00:05:16,400 --> 00:05:20,200
Speaker 2: I'm so grateful for beautiful girls like you. You're appreciated more

105
00:05:20,240 --> 00:05:22,560
Speaker 2: than you understand. Oh my god, Amy.

106
00:05:22,400 --> 00:05:26,480
Speaker 4: Like Tingles, that's so that is so sweet. Thank you

107
00:05:26,560 --> 00:05:27,200
Speaker 4: so much.

108
00:05:27,360 --> 00:05:30,120
Speaker 2: I love that. But also just the idea that you

109
00:05:30,160 --> 00:05:32,279
Speaker 2: were listening to the show before you had like a

110
00:05:32,320 --> 00:05:35,520
Speaker 2: full time income. Yeah, Like, it's so important to remember

111
00:05:35,560 --> 00:05:39,400
Speaker 2: that financial literacy isn't just when you have money, before

112
00:05:39,480 --> 00:05:42,120
Speaker 2: you have money, so that when you finally come into it,

113
00:05:42,440 --> 00:05:45,200
Speaker 2: you can manage it properly and be really confident and

114
00:05:45,440 --> 00:05:47,640
Speaker 2: actually know what you want to achieve. Like we can

115
00:05:47,640 --> 00:05:49,680
Speaker 2: talk about our money stories. We can talk about like

116
00:05:49,800 --> 00:05:52,520
Speaker 2: how we would budget, maybe what we would invest, Like,

117
00:05:52,920 --> 00:05:55,360
Speaker 2: isn't it cool that we can set ourselves up? That'sn't

118
00:05:55,360 --> 00:05:58,320
Speaker 2: really cool? Get money, to have money and be good

119
00:05:58,320 --> 00:05:58,680
Speaker 2: at it.

120
00:05:58,800 --> 00:06:01,080
Speaker 4: That's really smart too. For twenty one, I was not

121
00:06:01,320 --> 00:06:03,520
Speaker 4: like that twenty one, she's knowing that she is. She

122
00:06:03,640 --> 00:06:06,039
Speaker 4: can't implement these things right now, but she's learning, and

123
00:06:06,080 --> 00:06:07,559
Speaker 4: that's really cool.

124
00:06:07,680 --> 00:06:11,000
Speaker 2: Can change the projectory of your life. Yeah, exactly, exactly,

125
00:06:11,080 --> 00:06:13,040
Speaker 2: and I think that that is just so cool. Our

126
00:06:13,040 --> 00:06:16,760
Speaker 2: community is so cool and full of so many special people. Jess.

127
00:06:16,760 --> 00:06:19,640
Speaker 2: You were diving deep into the community this week. What

128
00:06:19,680 --> 00:06:21,680
Speaker 2: money wins and confessions do you bring into the table

129
00:06:21,720 --> 00:06:22,080
Speaker 2: for us?

130
00:06:22,120 --> 00:06:23,760
Speaker 5: All right, Well, it was the first full week of

131
00:06:23,800 --> 00:06:26,120
Speaker 5: November this week, so it's officially Christmas.

132
00:06:26,120 --> 00:06:29,480
Speaker 2: No season is not it is yet, absolutely it is not.

133
00:06:29,640 --> 00:06:32,000
Speaker 2: I was with Zara earlier this week. We were in

134
00:06:32,080 --> 00:06:35,200
Speaker 2: Spotlight and I was saying how awful it is that

135
00:06:35,240 --> 00:06:38,359
Speaker 2: you can see all of the Halloween decorations put next

136
00:06:38,360 --> 00:06:41,600
Speaker 2: to the Christmas decorations, like Halloween is only just finished.

137
00:06:41,640 --> 00:06:44,800
Speaker 2: Guys like why is the Christmas stuff out? And also

138
00:06:45,040 --> 00:06:47,280
Speaker 2: am I going to see Hot Cross Buns before Christmas

139
00:06:47,320 --> 00:06:48,120
Speaker 2: this year? I hope?

140
00:06:48,120 --> 00:06:48,240
Speaker 5: So?

141
00:06:48,560 --> 00:06:52,640
Speaker 2: No. Well, I do have two Christmas tree themed money wins.

142
00:06:52,680 --> 00:06:56,440
Speaker 5: So from Becky who said she found a brand new

143
00:06:56,520 --> 00:06:59,000
Speaker 5: still in the box seven foot Christmas tree at Vinnie's

144
00:06:59,040 --> 00:07:00,480
Speaker 5: for fifteen dollars.

145
00:07:00,560 --> 00:07:03,960
Speaker 2: Okay, but that's money money. We all allow that one,

146
00:07:04,080 --> 00:07:04,440
Speaker 2: we will.

147
00:07:04,480 --> 00:07:07,159
Speaker 5: And then I have also a tree win from Haley,

148
00:07:07,200 --> 00:07:09,080
Speaker 5: who said, my partner and I wanted to buy a

149
00:07:09,160 --> 00:07:11,520
Speaker 5: Christmas tree because it will be our first proper Christmas

150
00:07:11,520 --> 00:07:12,280
Speaker 5: in our new home.

151
00:07:12,360 --> 00:07:13,360
Speaker 2: Congratulations.

152
00:07:13,640 --> 00:07:16,480
Speaker 5: She had fifty dollars worth of rewards points saved on

153
00:07:16,520 --> 00:07:19,120
Speaker 5: her Billies Rewards card and the tree that they wanted

154
00:07:19,200 --> 00:07:21,000
Speaker 5: was fifty nine dollars from b W so they only

155
00:07:21,000 --> 00:07:23,600
Speaker 5: had to pay ten dollars. Tree. I love.

156
00:07:23,840 --> 00:07:27,720
Speaker 2: That is so so good. I love a Christmas tree.

157
00:07:27,800 --> 00:07:30,080
Speaker 2: In fact, to last year, I bribed Jess to come

158
00:07:30,120 --> 00:07:31,960
Speaker 2: to my house to help me put mine up because

159
00:07:32,000 --> 00:07:35,480
Speaker 2: I was quote too pregnant. I'm not pregnant, right, now,

160
00:07:35,520 --> 00:07:37,280
Speaker 2: but like, Jess, will you help me put my tree

161
00:07:37,280 --> 00:07:37,640
Speaker 2: out place?

162
00:07:37,680 --> 00:07:41,440
Speaker 5: Oh my god, yes, Less, I can imagine what kind

163
00:07:41,480 --> 00:07:42,440
Speaker 5: of I love.

164
00:07:42,280 --> 00:07:44,680
Speaker 2: A theme too well.

165
00:07:44,680 --> 00:07:45,960
Speaker 5: And I feel like, because you have Harvey, like we

166
00:07:45,960 --> 00:07:47,280
Speaker 5: can do something like really fun.

167
00:07:47,480 --> 00:07:49,480
Speaker 2: One hundred percent. And also I think Jess loves it

168
00:07:49,520 --> 00:07:52,040
Speaker 2: because I have Christmas draws at my house, so like

169
00:07:52,080 --> 00:07:54,760
Speaker 2: I have a whole storage solution thing for all of

170
00:07:54,800 --> 00:07:58,120
Speaker 2: my decorations. Side, it's just really fun. It's also we

171
00:07:58,120 --> 00:08:02,080
Speaker 2: make little Christmas cocktails. It's a thing. It's a thing.

172
00:08:02,360 --> 00:08:04,960
Speaker 2: And I'm pretty sure I actually heard this on like

173
00:08:05,000 --> 00:08:09,240
Speaker 2: a government website. It is actually illegal to put up

174
00:08:09,280 --> 00:08:11,840
Speaker 2: a Christmas tree and not have Christmas carols playing in

175
00:08:11,880 --> 00:08:15,000
Speaker 2: the background. I completely I agree. You don't have to agree.

176
00:08:15,040 --> 00:08:20,920
Speaker 5: It's jail, go straight to jail, alright.

177
00:08:20,960 --> 00:08:21,600
Speaker 2: It next money.

178
00:08:21,720 --> 00:08:23,600
Speaker 5: And I've got one from Grace who said she brought

179
00:08:23,680 --> 00:08:25,120
Speaker 5: lunch to work four days last week.

180
00:08:25,280 --> 00:08:29,200
Speaker 2: Okay, my girl done. Grace, that's always planned to do

181
00:08:29,280 --> 00:08:31,160
Speaker 2: that and never execute it.

182
00:08:31,440 --> 00:08:34,720
Speaker 4: Yeahwadays, you're an icon by the secondary You're like, I

183
00:08:34,760 --> 00:08:36,000
Speaker 4: want to eat this anymore.

184
00:08:36,320 --> 00:08:39,240
Speaker 2: I eat the same thing basically every time, and they

185
00:08:39,240 --> 00:08:42,640
Speaker 2: don't get sad about it. But I also just forget

186
00:08:42,679 --> 00:08:45,280
Speaker 2: to pack it every single time, leave it in the fridge.

187
00:08:45,320 --> 00:08:47,719
Speaker 2: Shouldn't be that deep next time.

188
00:08:47,720 --> 00:08:50,079
Speaker 5: I'm moving from Daniella who said she's on track to

189
00:08:50,120 --> 00:08:52,680
Speaker 5: say for thousand dollars for Christmas shopping this year. She

190
00:08:52,920 --> 00:08:55,520
Speaker 5: heard us sharing our one thousand dollars Christmas hack on

191
00:08:55,559 --> 00:08:58,160
Speaker 5: the Poddy a little while ago. Headed straight to the

192
00:08:58,200 --> 00:09:00,360
Speaker 5: resources to have people sometimes ask for. They find the

193
00:09:00,360 --> 00:09:01,040
Speaker 5: things that we talk.

194
00:09:00,960 --> 00:09:03,440
Speaker 2: So much free stuff on our website.

195
00:09:03,040 --> 00:09:04,840
Speaker 5: She's money dot come down to you. You go to

196
00:09:05,120 --> 00:09:07,640
Speaker 5: I think it's the freebies page in the show notes.

197
00:09:07,679 --> 00:09:11,080
Speaker 2: And there's downloadables, You've got our standards, savings hacks, there's

198
00:09:11,080 --> 00:09:14,720
Speaker 2: a free budget, there's like ebooks that we've written about,

199
00:09:14,720 --> 00:09:17,079
Speaker 2: like cheap meals and stuff. But then what is there

200
00:09:17,240 --> 00:09:20,199
Speaker 2: most recently just the save one thousand dollars before Christmas

201
00:09:20,400 --> 00:09:23,880
Speaker 2: saving hack sheet. So and it's like about saving but

202
00:09:23,920 --> 00:09:27,280
Speaker 2: also finding cash. So like what can you sell? Like

203
00:09:27,800 --> 00:09:30,040
Speaker 2: you can write a few goals of your own to

204
00:09:30,160 --> 00:09:32,640
Speaker 2: like hustle up an extra two hundred bucks, or you know,

205
00:09:32,920 --> 00:09:34,720
Speaker 2: can you go round your house and find some stuff

206
00:09:34,720 --> 00:09:36,600
Speaker 2: to chuck on marketplace? Or could you do some like

207
00:09:36,679 --> 00:09:40,040
Speaker 2: online surveys or something it's not necessarily about just saving it,

208
00:09:40,040 --> 00:09:41,599
Speaker 2: because I know that not all of us have a

209
00:09:41,679 --> 00:09:44,280
Speaker 2: spare thousand dollars coming into our bank account that you

210
00:09:44,320 --> 00:09:47,480
Speaker 2: could find. Like, that's a stretch, but we could huzzle

211
00:09:47,559 --> 00:09:48,679
Speaker 2: it up before Christmas.

212
00:09:48,800 --> 00:09:50,480
Speaker 5: Danielle put a photo of hers in and I can

213
00:09:50,520 --> 00:09:52,600
Speaker 5: see that so far she's done surveys, she got some

214
00:09:52,600 --> 00:09:55,760
Speaker 5: money back through the Many Bank Live Better, she sold

215
00:09:55,880 --> 00:09:59,280
Speaker 5: some unused things on Marketplace, and she did something I

216
00:09:59,360 --> 00:10:01,880
Speaker 5: think it says RUVI scanning. I don't know what that is,

217
00:10:01,920 --> 00:10:04,480
Speaker 5: but I'll look into it. But there's some suggestions for

218
00:10:04,520 --> 00:10:06,800
Speaker 5: anyone who wanted to my d's on how to get started.

219
00:10:07,040 --> 00:10:10,320
Speaker 2: Yes, and also, now's a good time to check your

220
00:10:10,360 --> 00:10:13,320
Speaker 2: shop back account or like your cash on boards account

221
00:10:13,600 --> 00:10:15,679
Speaker 2: to see if there's any cash sitting in there that

222
00:10:15,720 --> 00:10:19,080
Speaker 2: could contribute to your Christmas budget. Yeah. Greg was like,

223
00:10:19,160 --> 00:10:20,880
Speaker 2: I know I've got some cash sitting in there, but

224
00:10:20,920 --> 00:10:22,679
Speaker 2: I couldn't tell you off the top of my head

225
00:10:22,720 --> 00:10:24,560
Speaker 2: what it is. So I'm going to go in, cash

226
00:10:24,600 --> 00:10:26,360
Speaker 2: it out, put it in a savings account, and put

227
00:10:26,400 --> 00:10:29,480
Speaker 2: it to the side for Christmas prosies. Nice really thinks

228
00:10:29,960 --> 00:10:32,880
Speaker 2: we're we're doing a legal financial audit and finding all

229
00:10:32,920 --> 00:10:34,400
Speaker 2: of the things that might have been missed.

230
00:10:34,520 --> 00:10:35,920
Speaker 5: Yeah, anywhere that you can find a little bit of

231
00:10:35,920 --> 00:10:38,760
Speaker 5: extra cash, is it always? And last of this week,

232
00:10:38,800 --> 00:10:40,959
Speaker 5: I've got one from em who said her kettle was

233
00:10:41,040 --> 00:10:43,720
Speaker 5: dying and wouldn't boil anything anymore, which is kind of

234
00:10:43,720 --> 00:10:44,640
Speaker 5: like the whole point of a kettle.

235
00:10:46,240 --> 00:10:46,760
Speaker 2: Crazy.

236
00:10:46,840 --> 00:10:49,200
Speaker 5: So she said it was outside of the manufacturer warranty,

237
00:10:49,240 --> 00:10:51,559
Speaker 5: but she had so annoying.

238
00:10:52,080 --> 00:10:53,440
Speaker 2: Luckily she'd kept the old.

239
00:10:53,280 --> 00:10:56,079
Speaker 5: My receipt and there was like an extra yar as

240
00:10:56,120 --> 00:10:58,520
Speaker 5: part of so she caught up and.

241
00:10:58,480 --> 00:11:02,880
Speaker 2: She got a total refund. Great, never keep receipts, like

242
00:11:03,240 --> 00:11:06,560
Speaker 2: if I've bought it for personal use, like I'm pretty

243
00:11:06,559 --> 00:11:09,240
Speaker 2: good with business stuff, but like for personal use, no,

244
00:11:09,520 --> 00:11:11,760
Speaker 2: yeah no, And we think to keep it for a

245
00:11:11,840 --> 00:11:14,920
Speaker 2: kettle too, Like that is no kettle for me, Like

246
00:11:15,000 --> 00:11:16,880
Speaker 2: you buy it once and you have it for your

247
00:11:17,000 --> 00:11:19,040
Speaker 2: entire life. In my head, yeah, I don't need the

248
00:11:19,080 --> 00:11:21,800
Speaker 2: reason my like five dollars kart kettle is still going.

249
00:11:22,080 --> 00:11:26,400
Speaker 2: Oh yeah, and at what point can you justifiably replace it?

250
00:11:26,520 --> 00:11:28,800
Speaker 2: Like I don't think you're allowed to. I think you

251
00:11:28,840 --> 00:11:31,120
Speaker 2: have to keep that kettle forever. Like this meg one

252
00:11:31,280 --> 00:11:33,800
Speaker 2: might look boogie Jess, but like, you can't get it

253
00:11:33,880 --> 00:11:36,960
Speaker 2: because you have one that works already. Yeah, yeah, five dollars.

254
00:11:37,000 --> 00:11:39,080
Speaker 2: So it's not even about the price anymore. You have

255
00:11:39,160 --> 00:11:41,760
Speaker 2: one that works, you don't need another two hundred dollarttle.

256
00:11:41,760 --> 00:11:45,280
Speaker 2: It's not the kind of thing you replace. I feel like, no, yes, yes,

257
00:11:45,400 --> 00:11:47,320
Speaker 2: And then at that point in time, you assess your

258
00:11:47,320 --> 00:11:49,880
Speaker 2: budget and if you can afford another five dollar kettle,

259
00:11:49,960 --> 00:11:52,360
Speaker 2: money win. If you can afford a more boogie one,

260
00:11:52,400 --> 00:11:54,679
Speaker 2: at that point you might buy one. But if you

261
00:11:54,720 --> 00:11:59,200
Speaker 2: buy another five dollar kettle, it's another fifteen years. I'm sorry. Yeah,

262
00:11:59,559 --> 00:12:01,880
Speaker 2: I didn't make them. I agree, I agree. That's it

263
00:12:01,920 --> 00:12:06,160
Speaker 2: this week. Wow, I love that. Alright, Beck, Yes, we've

264
00:12:06,200 --> 00:12:08,960
Speaker 2: got some broke tips. I want to know what have

265
00:12:09,040 --> 00:12:10,440
Speaker 2: you got and where'd you get them?

266
00:12:10,760 --> 00:12:16,840
Speaker 4: Okay, so this first one comes from your thread thrifty hacks.

267
00:12:17,000 --> 00:12:18,559
Speaker 2: Yes, I love a thrifty hack.

268
00:12:18,800 --> 00:12:20,160
Speaker 4: Great idea.

269
00:12:20,240 --> 00:12:22,200
Speaker 2: If you're not in a Facebook group, we do so

270
00:12:22,400 --> 00:12:25,600
Speaker 2: much stuff in there, like it's just a group of

271
00:12:25,800 --> 00:12:29,280
Speaker 2: goal pals and five pals and literally all our pals

272
00:12:29,760 --> 00:12:33,400
Speaker 2: just talking about money. If you're not in there, oh

273
00:12:33,480 --> 00:12:36,360
Speaker 2: it's the best, just chip hanging out. Yeah, I love that.

274
00:12:36,760 --> 00:12:38,880
Speaker 4: So this first one comes from Christy who and this

275
00:12:38,960 --> 00:12:40,160
Speaker 4: is very similar to I don't know if you guys

276
00:12:40,160 --> 00:12:42,240
Speaker 4: remember a few weeks ago talking about fixing my own

277
00:12:42,280 --> 00:12:43,960
Speaker 4: car saving quite a bit of money.

278
00:12:44,000 --> 00:12:46,040
Speaker 2: How did that go? Is it still going strong? One

279
00:12:46,679 --> 00:12:46,960
Speaker 2: the year?

280
00:12:47,679 --> 00:12:50,360
Speaker 4: It's going Okay, I haven't started yet, but I bought

281
00:12:50,360 --> 00:12:50,880
Speaker 4: all the things.

282
00:12:51,120 --> 00:12:52,360
Speaker 2: Yeah, okay, okay, And.

283
00:12:52,320 --> 00:12:53,880
Speaker 4: So I'm just gonna maybe not do it, but I

284
00:12:53,880 --> 00:12:54,640
Speaker 4: just feel good about it.

285
00:12:54,679 --> 00:12:55,280
Speaker 2: No, I love it.

286
00:12:56,400 --> 00:12:59,840
Speaker 4: So Chrissy says that the metal cable chain broke on

287
00:12:59,880 --> 00:13:02,439
Speaker 4: it blind. Instead of paying for a call out fee

288
00:13:02,520 --> 00:13:04,760
Speaker 4: for a person to come and fix it, she just

289
00:13:04,800 --> 00:13:07,280
Speaker 4: watched her YouTube tutorial and purchased a new chain for

290
00:13:07,360 --> 00:13:08,000
Speaker 4: ten dollars.

291
00:13:08,160 --> 00:13:11,000
Speaker 5: We did isit our old rental because we didn't want to, like, yes,

292
00:13:11,120 --> 00:13:12,920
Speaker 5: it wasn't our fault at all, but it just snapped

293
00:13:12,920 --> 00:13:14,280
Speaker 5: and it was one of those things where we're like, oh,

294
00:13:14,280 --> 00:13:16,160
Speaker 5: we don't want to look like bad tenants like that

295
00:13:16,200 --> 00:13:18,240
Speaker 5: weren't looking after it, and so we did.

296
00:13:18,280 --> 00:13:18,959
Speaker 2: We just bought the tain.

297
00:13:19,000 --> 00:13:20,960
Speaker 5: It's so easy to actually know that's a total lie.

298
00:13:20,960 --> 00:13:23,960
Speaker 5: It was a huge pain in the US. It was

299
00:13:24,040 --> 00:13:26,040
Speaker 5: so easy, but you saved money, so it was worth

300
00:13:26,040 --> 00:13:28,040
Speaker 5: it for the money, Yeah, the amount of money we

301
00:13:28,080 --> 00:13:30,000
Speaker 5: saved and the not having a talk to the real

302
00:13:30,080 --> 00:13:31,920
Speaker 5: estate agent and blah blah blah, so with it.

303
00:13:31,960 --> 00:13:32,440
Speaker 1: So yeah.

304
00:13:32,800 --> 00:13:36,000
Speaker 2: I youtubed way back when on the same topic, when

305
00:13:36,000 --> 00:13:38,319
Speaker 2: I was moving out of a rental, I youtubed how

306
00:13:38,320 --> 00:13:42,320
Speaker 2: to replace the like screen in fly screen because my

307
00:13:42,440 --> 00:13:45,760
Speaker 2: cats had ruined it and it was really easy, Like

308
00:13:45,800 --> 00:13:48,000
Speaker 2: it actually wasn't a hassle. I just went to Bunnings

309
00:13:48,000 --> 00:13:49,959
Speaker 2: and bought a new fly screen. Who would have known?

310
00:13:50,320 --> 00:13:53,240
Speaker 2: You just pull it out pipe it back in. Honestly,

311
00:13:53,440 --> 00:13:56,480
Speaker 2: YouTube saved my bus. Yes, yes, absolutely, yeah, And I

312
00:13:56,520 --> 00:13:58,679
Speaker 2: was so scared. Imagine them desperate to get out of

313
00:13:58,720 --> 00:14:00,640
Speaker 2: the house. Just clear, we won't even desperate to get

314
00:14:00,640 --> 00:14:01,200
Speaker 2: out of the house.

315
00:14:01,240 --> 00:14:05,160
Speaker 5: They were just being rude and they're doing the crazy

316
00:14:05,240 --> 00:14:08,200
Speaker 5: runs right from one house the other, and then they'll

317
00:14:08,200 --> 00:14:13,280
Speaker 5: climb the window and you're like, like, climb right to

318
00:14:13,320 --> 00:14:14,640
Speaker 5: the top, and you're like they please.

319
00:14:16,160 --> 00:14:18,840
Speaker 2: Sometimes if I haven't like cut my cat's claws in

320
00:14:18,880 --> 00:14:22,400
Speaker 2: a couple of weeks. My small cats are my older cat, Bailey.

321
00:14:22,440 --> 00:14:25,760
Speaker 2: He doesn't do this anymore because he's fourteen now. But Henry,

322
00:14:25,800 --> 00:14:29,120
Speaker 2: who's still only four. He goes up the wall, but

323
00:14:29,160 --> 00:14:31,600
Speaker 2: if I haven't clipped his claws, he can't get down.

324
00:14:33,400 --> 00:14:36,520
Speaker 2: And so then he's like hanging from the fly screen

325
00:14:36,560 --> 00:14:40,840
Speaker 2: with his front paws yelling Mom, please save me. And

326
00:14:40,880 --> 00:14:44,720
Speaker 2: I'm like, right now, I don't feel like saving you.

327
00:14:44,720 --> 00:14:47,240
Speaker 2: You got yourself up. You get yourself up, get yourself down.

328
00:14:47,280 --> 00:14:49,000
Speaker 2: And he's like, I can't, please help.

329
00:14:49,360 --> 00:14:50,800
Speaker 4: There's a lesson that you must learn.

330
00:14:50,960 --> 00:14:54,440
Speaker 2: No, I'm get him down every time.

331
00:14:55,200 --> 00:14:58,840
Speaker 4: Okay, So this next one, I thought this was really powerful.

332
00:14:59,160 --> 00:15:03,840
Speaker 4: I guess cerebrawl as just my I remember using that.

333
00:15:03,800 --> 00:15:07,400
Speaker 2: In the right way. Thank you. It's brainy, it's smart.

334
00:15:07,600 --> 00:15:10,720
Speaker 2: It's like a big brain, big brain. So she's using

335
00:15:10,760 --> 00:15:12,240
Speaker 2: her frontal lobe today.

336
00:15:13,360 --> 00:15:16,080
Speaker 4: So this one comes from Max, who says nothing is

337
00:15:16,120 --> 00:15:20,280
Speaker 4: more costly than pride. So basically, and they go on

338
00:15:20,320 --> 00:15:22,520
Speaker 4: to say, never pass up a free meal. This is

339
00:15:22,520 --> 00:15:24,680
Speaker 4: where you can often eat in the best company. A

340
00:15:24,720 --> 00:15:26,640
Speaker 4: friend is someone who gives you a hand up. Even

341
00:15:26,680 --> 00:15:28,560
Speaker 4: if all they can do is dust you off or

342
00:15:28,560 --> 00:15:30,920
Speaker 4: make you smile, they will be there for you. That's

343
00:15:30,920 --> 00:15:33,600
Speaker 4: so sweet. So I think it's great. So it's like,

344
00:15:33,640 --> 00:15:35,640
Speaker 4: you know, and you know, we're talking off air about

345
00:15:35,640 --> 00:15:39,880
Speaker 4: like someone offering a lift to the airport or helping you, Yeah,

346
00:15:40,080 --> 00:15:42,040
Speaker 4: help you move, help you move, and you're like, nah,

347
00:15:42,160 --> 00:15:44,720
Speaker 4: that's okay, I'll just pay seven thousand dollars, get a

348
00:15:44,720 --> 00:15:48,800
Speaker 4: remove list, or my friend can help me exactly, say.

349
00:15:48,760 --> 00:15:50,760
Speaker 2: Yea, it goes around comes around as well. And I

350
00:15:50,840 --> 00:15:54,840
Speaker 2: love that nothing is more expensive than your pride because

351
00:15:54,920 --> 00:15:57,360
Speaker 2: like you'll be like, oh no, it's okay, won't stay

352
00:15:57,360 --> 00:15:59,640
Speaker 2: for dinner, or like, oh no, I don't need help

353
00:15:59,640 --> 00:16:01,400
Speaker 2: on that. Actually you do need help on that, and

354
00:16:01,440 --> 00:16:04,040
Speaker 2: that would actually be really nice. So like that's a

355
00:16:04,080 --> 00:16:08,200
Speaker 2: good tip, Beck, I like thing more, I don't know, philosophical,

356
00:16:08,360 --> 00:16:12,200
Speaker 2: bro that you've got mindset is so important when it

357
00:16:12,240 --> 00:16:15,600
Speaker 2: comes to saving money and you know, trying to live

358
00:16:15,880 --> 00:16:18,720
Speaker 2: during the cost of living crisis, Like we have.

359
00:16:18,680 --> 00:16:21,280
Speaker 5: To lean on our communities a lot more, your people

360
00:16:21,280 --> 00:16:23,040
Speaker 5: around you because like you would do it for someone

361
00:16:23,040 --> 00:16:24,400
Speaker 5: else and someone else would do it for you.

362
00:16:24,480 --> 00:16:26,640
Speaker 4: I completely agree. It's a nice bonding moment too. You

363
00:16:26,720 --> 00:16:29,200
Speaker 4: might make a beautiful, beautiful friend out of this situation.

364
00:16:29,240 --> 00:16:31,400
Speaker 2: Actually, all right, Beck, what have you got when it

365
00:16:31,440 --> 00:16:35,240
Speaker 2: comes to broake tips from you? As is less cerebral? Okay?

366
00:16:35,360 --> 00:16:39,480
Speaker 4: Yes, So for obviously it's Christmas right now as we speak,

367
00:16:39,840 --> 00:16:40,600
Speaker 4: first of November.

368
00:16:45,320 --> 00:16:49,880
Speaker 2: You're so can I cannot hear them. I cannot hear them.

369
00:16:49,960 --> 00:16:51,680
Speaker 2: And if I could hear them, I would gaslight you

370
00:16:51,760 --> 00:16:52,720
Speaker 2: and say I cannot hear them.

371
00:16:53,480 --> 00:16:54,880
Speaker 4: I can hear them.

372
00:16:55,680 --> 00:16:55,960
Speaker 2: Okay.

373
00:16:55,960 --> 00:16:59,720
Speaker 4: So if you go to DFO, they often have a

374
00:17:00,040 --> 00:17:03,680
Speaker 4: Ristmas collection overflow from last year, and so those are

375
00:17:03,680 --> 00:17:06,600
Speaker 4: like generally on sale. I didn't actually know about this

376
00:17:06,680 --> 00:17:10,360
Speaker 4: until well, I became an adult as of one second ago,

377
00:17:10,440 --> 00:17:11,080
Speaker 4: and I thought.

378
00:17:10,880 --> 00:17:13,000
Speaker 2: Oh wow, I'm going to congrite song growing up. Thank

379
00:17:13,040 --> 00:17:15,080
Speaker 2: you so much, thank you so much, doing really well.

380
00:17:15,200 --> 00:17:18,080
Speaker 4: I think I just want to decorate my self in

381
00:17:18,160 --> 00:17:20,480
Speaker 4: my home and my family and my friends. I just

382
00:17:20,520 --> 00:17:22,800
Speaker 4: want to be really experience the joy.

383
00:17:22,880 --> 00:17:25,360
Speaker 2: Yeah, it is quite joyful. It really is quite joyful.

384
00:17:25,440 --> 00:17:28,800
Speaker 4: So I think, yeah, if you are looking for Christmas

385
00:17:28,920 --> 00:17:33,480
Speaker 4: whatever decorations or anything else, trying to head to your phone,

386
00:17:33,560 --> 00:17:35,719
Speaker 4: just see see what they got a little bit.

387
00:17:35,680 --> 00:17:38,240
Speaker 2: I love that. I love that I gave the tip

388
00:17:38,280 --> 00:17:41,960
Speaker 2: I think last year to buy your Christmas tree during

389
00:17:42,000 --> 00:17:44,640
Speaker 2: the boxing day sales. Yes, they get super super cheap,

390
00:17:44,680 --> 00:17:46,600
Speaker 2: and I've had a few people slide into my DMS

391
00:17:46,640 --> 00:17:48,239
Speaker 2: and be like me, I'm gonna put my Christmas tree

392
00:17:48,240 --> 00:17:51,440
Speaker 2: out early because it's been sitting in storage for nearly

393
00:17:51,520 --> 00:17:54,560
Speaker 2: eleven months now waiting to come out of the box.

394
00:17:54,600 --> 00:17:56,520
Speaker 2: And I'm like, that's really exciting because you can get

395
00:17:56,600 --> 00:17:58,960
Speaker 2: such a good deal. And that's what I did because

396
00:17:59,680 --> 00:18:02,800
Speaker 2: I'm really want a Balsam Hill Christmas tree, and Beck

397
00:18:02,920 --> 00:18:04,879
Speaker 2: You're gonna be like, oh what, and Jess is I

398
00:18:05,880 --> 00:18:10,600
Speaker 2: get it. It's like this bougie American brand that do

399
00:18:10,720 --> 00:18:15,280
Speaker 2: these fancy, really fancy Christmas trees. Beck. So they do

400
00:18:15,400 --> 00:18:18,439
Speaker 2: like pre lit, so the literal branches have the lights

401
00:18:18,440 --> 00:18:21,680
Speaker 2: built in, but also you can pick the like type

402
00:18:21,720 --> 00:18:24,520
Speaker 2: of pine tree you have and it's like a realistic Yeah,

403
00:18:25,240 --> 00:18:28,040
Speaker 2: they have like all the different types of pine trees.

404
00:18:28,200 --> 00:18:30,959
Speaker 2: Like anyway, I would love that one day, but I

405
00:18:31,000 --> 00:18:35,680
Speaker 2: am not paying twelve hundred dollars for a Christmas tree.

406
00:18:36,080 --> 00:18:38,199
Speaker 2: And a couple of boxing days ago, this is the

407
00:18:38,200 --> 00:18:40,120
Speaker 2: tree that Jess and I got to set up last

408
00:18:40,200 --> 00:18:43,680
Speaker 2: year and we'll do again this year. A couple of

409
00:18:43,760 --> 00:18:46,399
Speaker 2: boxing days ago, I ordered it because I was like,

410
00:18:46,440 --> 00:18:48,960
Speaker 2: oh my gosh, it's a pre lit, beautiful Christmas tree.

411
00:18:49,000 --> 00:18:51,719
Speaker 2: It's basically a Balsam Hill dupe and I think it

412
00:18:51,760 --> 00:18:54,000
Speaker 2: cost me like two hundred and eighty dollars or something,

413
00:18:54,080 --> 00:18:57,639
Speaker 2: and it's massive, but like for me, I wanted to

414
00:18:57,640 --> 00:19:00,320
Speaker 2: buy one that would last, and I was like an

415
00:19:00,320 --> 00:19:03,440
Speaker 2: eighty bucks. Jess lives in Christmas Land, so she knows

416
00:19:03,520 --> 00:19:05,760
Speaker 2: that's not that bad. And if you think about it,

417
00:19:05,840 --> 00:19:07,240
Speaker 2: you have your tree forever.

418
00:19:07,520 --> 00:19:10,959
Speaker 5: Yeah, I would hope my parents have their tree for

419
00:19:11,000 --> 00:19:12,320
Speaker 5: like forty years or something.

420
00:19:12,400 --> 00:19:12,640
Speaker 3: Yeah.

421
00:19:12,680 --> 00:19:15,720
Speaker 2: I have tried so hard to like make sure that

422
00:19:15,760 --> 00:19:18,359
Speaker 2: I've kept the box in pristine conditions so I can

423
00:19:18,400 --> 00:19:21,000
Speaker 2: pack it down in all of that. So we'll see obviously,

424
00:19:21,400 --> 00:19:24,000
Speaker 2: But yeah, wait till box. If there's something that you

425
00:19:24,040 --> 00:19:25,440
Speaker 2: really want to buy that you're like, oh, I really

426
00:19:25,480 --> 00:19:27,240
Speaker 2: want that, but it's too much, maybe save it for

427
00:19:27,280 --> 00:19:30,640
Speaker 2: your boxing day shopping and then you've got it planned

428
00:19:30,680 --> 00:19:32,720
Speaker 2: for next year. Yes, all right, let's go to a

429
00:19:32,760 --> 00:19:34,520
Speaker 2: really quick break on the flip side. We've got a

430
00:19:34,640 --> 00:19:37,120
Speaker 2: money dilemma this week. We're going to be talking about

431
00:19:37,160 --> 00:19:40,399
Speaker 2: managing a superannuation break while studying and something we're just

432
00:19:40,480 --> 00:19:42,720
Speaker 2: lad into our dams out guys. Today we're going to

433
00:19:42,760 --> 00:19:45,639
Speaker 2: be chatting and I just know how this conversation is

434
00:19:45,680 --> 00:19:47,639
Speaker 2: going to go, but we're going to be talking about

435
00:19:47,880 --> 00:19:50,800
Speaker 2: whether you should be worried if your partner wants to

436
00:19:50,880 --> 00:19:54,480
Speaker 2: gamble as a side hustle, So don't go anywhere.

437
00:19:58,440 --> 00:20:00,879
Speaker 5: Welcome back, everybody. Let's take a listen to this week's

438
00:20:00,880 --> 00:20:01,640
Speaker 5: money dilemma.

439
00:20:04,040 --> 00:20:06,439
Speaker 2: Hi, there, have you got a money dilemma you just

440
00:20:06,440 --> 00:20:08,960
Speaker 2: can't solve that. She's on the Money Team is here

441
00:20:09,000 --> 00:20:12,240
Speaker 2: to help. Every week we tackle your dilemmas, both big

442
00:20:12,320 --> 00:20:15,040
Speaker 2: and small, to answer your most burning money, career and

443
00:20:15,080 --> 00:20:18,240
Speaker 2: life questions. To get involved, simply head to our website

444
00:20:18,280 --> 00:20:20,400
Speaker 2: and leave us a short voice recording and you might

445
00:20:20,480 --> 00:20:23,000
Speaker 2: just find yourself on the show. Now, let's take a

446
00:20:23,040 --> 00:20:24,800
Speaker 2: listen to this week's money dilemma.

447
00:20:27,000 --> 00:20:29,000
Speaker 6: Hi, She's on the Money Team. I have a money

448
00:20:29,000 --> 00:20:31,600
Speaker 6: dilemma which I've thought a lot about. I'm twenty three

449
00:20:31,680 --> 00:20:34,080
Speaker 6: and up until now, i've only worked part time jobs

450
00:20:34,080 --> 00:20:36,760
Speaker 6: while studying, and my super is at twelve thousand dollars.

451
00:20:37,200 --> 00:20:39,840
Speaker 6: My question is I've just started a PhD which will

452
00:20:39,880 --> 00:20:41,840
Speaker 6: be for the next three and a half to four years,

453
00:20:42,119 --> 00:20:44,200
Speaker 6: and i was lucky to receive a scholarship, so I'm

454
00:20:44,240 --> 00:20:47,760
Speaker 6: not working part time anymore. However, this means my super

455
00:20:47,840 --> 00:20:50,240
Speaker 6: is not going to have anything added for a few years,

456
00:20:50,320 --> 00:20:52,680
Speaker 6: and I feel like I'm going to be behind should

457
00:20:52,720 --> 00:20:55,640
Speaker 6: I be contributing to my SUPER? I am also considering

458
00:20:55,680 --> 00:20:58,200
Speaker 6: that if I do, I can't claim any SUPER contributions

459
00:20:58,240 --> 00:21:00,800
Speaker 6: as a tax deduction, and I'm not eligible for the

460
00:21:00,840 --> 00:21:03,760
Speaker 6: government co contribution. I don't think so. I'm worried it's

461
00:21:03,800 --> 00:21:05,480
Speaker 6: not the best use for my money on a low

462
00:21:05,520 --> 00:21:09,080
Speaker 6: income or am I potentially better off investing outside of Super,

463
00:21:09,119 --> 00:21:12,119
Speaker 6: which I am planning to do anyway. Thanks for your opinions.

464
00:21:12,600 --> 00:21:15,520
Speaker 2: Oh that was really sweet. Also, congrats on getting into

465
00:21:15,560 --> 00:21:16,320
Speaker 2: a PhD.

466
00:21:17,960 --> 00:21:18,920
Speaker 4: That is so cool.

467
00:21:19,000 --> 00:21:22,359
Speaker 2: One day you'll be like, yes, I'm a doctor. No,

468
00:21:22,520 --> 00:21:24,880
Speaker 2: I can't help you with your medical emergency on this flight,

469
00:21:25,800 --> 00:21:30,360
Speaker 2: but how cool is that? What would you do, Jess?

470
00:21:30,960 --> 00:21:33,719
Speaker 5: I think I personally would probably be investing outside of

471
00:21:33,760 --> 00:21:36,400
Speaker 5: SUPER because she can't take it. Sounds like she can't

472
00:21:36,400 --> 00:21:39,520
Speaker 5: take advantage of the traditional benefits like the For me,

473
00:21:40,359 --> 00:21:42,720
Speaker 5: the reasons that you would add to SUPER instead of

474
00:21:42,760 --> 00:21:44,760
Speaker 5: outside of SUPER would be to take advantage of the

475
00:21:44,760 --> 00:21:47,480
Speaker 5: co contribution if you're a low income earner and you

476
00:21:47,520 --> 00:21:49,320
Speaker 5: fit within those brackets.

477
00:21:49,400 --> 00:21:51,080
Speaker 2: Or to get the tax douction. I don't know why

478
00:21:51,119 --> 00:21:54,800
Speaker 2: she can't get a tax species. A PhD stipend doesn't

479
00:21:54,840 --> 00:21:57,280
Speaker 2: pay tax on it, So you'll be paid to do

480
00:21:57,320 --> 00:21:59,679
Speaker 2: your PhD by the government, but you don't have to

481
00:21:59,680 --> 00:22:03,840
Speaker 2: pay TI on that income. Interesting. Obviously she'll do a

482
00:22:03,880 --> 00:22:07,960
Speaker 2: tax return and basically have like quote no taxable income. Therefore,

483
00:22:08,000 --> 00:22:11,119
Speaker 2: if she made a contribution to superannuation, what's she claiming

484
00:22:11,200 --> 00:22:15,400
Speaker 2: it against? Yeah, that could change if she decided, because

485
00:22:15,440 --> 00:22:18,720
Speaker 2: a lot of people doing PhDs it's really financially challenging.

486
00:22:18,760 --> 00:22:21,200
Speaker 2: They might be on like thirty thousand dollars a year

487
00:22:21,560 --> 00:22:25,480
Speaker 2: and that's honestly so impressive that they get through that.

488
00:22:25,600 --> 00:22:27,840
Speaker 2: But I know a lot of people who do PhDs

489
00:22:27,920 --> 00:22:31,360
Speaker 2: have like part time jobs or side hustle waitresses. Yeah,

490
00:22:31,400 --> 00:22:33,639
Speaker 2: so if you're doing like a side hustle or a

491
00:22:33,640 --> 00:22:35,920
Speaker 2: waitressing job, at that point, you might go, Okay, well,

492
00:22:35,960 --> 00:22:38,560
Speaker 2: I do have a taxable income I could claim it against.

493
00:22:39,160 --> 00:22:41,640
Speaker 2: Might change the advice, or might change you know, what

494
00:22:41,680 --> 00:22:44,120
Speaker 2: you want to do. But at the moment, if you're

495
00:22:44,240 --> 00:22:47,240
Speaker 2: only going to be doing your PhD at that point,

496
00:22:47,800 --> 00:22:49,239
Speaker 2: I don't know. I feel like we put so much

497
00:22:49,240 --> 00:22:50,800
Speaker 2: pressure on ourselves. I'm going to let you finish. But

498
00:22:50,840 --> 00:22:52,320
Speaker 2: I just have a lot to say about this.

499
00:22:52,560 --> 00:22:55,560
Speaker 5: Yeah, I just I feel like the big thing is

500
00:22:55,800 --> 00:22:58,880
Speaker 5: that Super is effectively, at the end of the day,

501
00:22:59,000 --> 00:23:02,320
Speaker 5: an investment, and so if you really wanted to, you

502
00:23:02,359 --> 00:23:05,320
Speaker 5: could replicate what your SUPER is investing in just in

503
00:23:05,359 --> 00:23:06,040
Speaker 5: your own portfolio.

504
00:23:06,080 --> 00:23:08,119
Speaker 2: I'm not saying that's the right choice, to be clear,

505
00:23:08,359 --> 00:23:08,840
Speaker 2: but like.

506
00:23:08,840 --> 00:23:11,680
Speaker 5: Do you mean like you could effectively do the same

507
00:23:11,720 --> 00:23:14,320
Speaker 5: thing even if you're not putting it into suitranuation. But

508
00:23:14,320 --> 00:23:16,520
Speaker 5: the added benefit of investing outside of Super is you

509
00:23:16,520 --> 00:23:19,359
Speaker 5: can access it whenever you want to. And also you

510
00:23:19,480 --> 00:23:22,240
Speaker 5: obviously can choose different things, like you can invest in

511
00:23:22,280 --> 00:23:24,160
Speaker 5: whatever you like, whatever you're passionate about, and the ETFs

512
00:23:24,160 --> 00:23:25,440
Speaker 5: and blah blah, and if you haven't listened to the

513
00:23:25,480 --> 00:23:28,240
Speaker 5: investing series go Back, we have so many investing episodes.

514
00:23:28,680 --> 00:23:30,880
Speaker 5: But I think I, personally, for those reasons, would opt

515
00:23:30,960 --> 00:23:32,440
Speaker 5: to invest outside of SUPER.

516
00:23:32,800 --> 00:23:33,520
Speaker 2: I think it's.

517
00:23:33,359 --> 00:23:35,600
Speaker 5: Really great that you're even thinking about this, and I

518
00:23:35,600 --> 00:23:38,920
Speaker 5: think if you can find the money to contribute regularly,

519
00:23:39,400 --> 00:23:42,560
Speaker 5: that will ensure that you're effectively keeping up and not

520
00:23:42,640 --> 00:23:44,360
Speaker 5: being put on the back foot too much.

521
00:23:44,400 --> 00:23:48,760
Speaker 4: I think, yeah, yeah, I'd probably do the same as

522
00:23:48,840 --> 00:23:52,400
Speaker 4: Jazz I mean, like, in an ideal world, I'd be

523
00:23:52,560 --> 00:23:57,399
Speaker 4: putting money aside for literally anything. But yeah, my friend

524
00:23:57,600 --> 00:24:00,360
Speaker 4: is doing a PhD in he's not getting sad much money,

525
00:24:00,400 --> 00:24:01,879
Speaker 4: So I'm like, I don't even know. I guess if

526
00:24:01,920 --> 00:24:06,439
Speaker 4: you are really really budget queen slash king, and you

527
00:24:06,680 --> 00:24:09,159
Speaker 4: are able to still have money at the end of

528
00:24:09,200 --> 00:24:11,679
Speaker 4: the day to put away, then yes, I agree. I

529
00:24:11,720 --> 00:24:15,240
Speaker 4: would actually probably also invest money outside of super and

530
00:24:15,280 --> 00:24:17,520
Speaker 4: then at the end of it, if that money still there,

531
00:24:17,520 --> 00:24:19,200
Speaker 4: if you want to put it in super, you can

532
00:24:19,440 --> 00:24:24,040
Speaker 4: do that. But yeah, I think having the access to

533
00:24:24,359 --> 00:24:26,000
Speaker 4: that money just in case.

534
00:24:25,960 --> 00:24:27,960
Speaker 2: That's a great point, like if something goes wrong or

535
00:24:27,920 --> 00:24:28,520
Speaker 2: if money.

536
00:24:28,359 --> 00:24:31,520
Speaker 4: Gets really tight exactly because it's yeah, it's it's it's

537
00:24:31,560 --> 00:24:33,920
Speaker 4: tough out there on a it's really really cool that

538
00:24:34,000 --> 00:24:35,520
Speaker 4: you have this. It's really cool the government does that.

539
00:24:35,560 --> 00:24:37,120
Speaker 4: But yeah, it's not it's.

540
00:24:36,960 --> 00:24:40,479
Speaker 2: Not a lot of probably not liverabol maybe. Yeah, So

541
00:24:40,840 --> 00:24:44,560
Speaker 2: I would probably go back even further and talk about

542
00:24:44,640 --> 00:24:46,560
Speaker 2: what are your savings looking like, do you have an

543
00:24:46,560 --> 00:24:49,159
Speaker 2: emergency fund? If you have any free cash flow and

544
00:24:49,200 --> 00:24:52,560
Speaker 2: your on a low income and you know that you

545
00:24:52,560 --> 00:24:55,320
Speaker 2: know an electrical bill could pop up, you're already going

546
00:24:55,359 --> 00:24:58,720
Speaker 2: through a PhD like that is so stressful, like the

547
00:24:58,760 --> 00:25:01,080
Speaker 2: amount of work and time an energy that you're going

548
00:25:01,160 --> 00:25:03,480
Speaker 2: to put into this, like make sure you have an

549
00:25:03,520 --> 00:25:05,879
Speaker 2: emergency fund before we worry about our super And I

550
00:25:05,920 --> 00:25:08,720
Speaker 2: know that that feels really backwards because you guys go, oh,

551
00:25:08,760 --> 00:25:11,240
Speaker 2: but you care so much about it. I do. But

552
00:25:11,320 --> 00:25:14,320
Speaker 2: I also think we put so much pressure on ourselves

553
00:25:14,400 --> 00:25:17,920
Speaker 2: to be investing always, even when it doesn't make sense.

554
00:25:18,280 --> 00:25:20,520
Speaker 2: Like if you were on three hundred thousand dollars, I'd

555
00:25:20,560 --> 00:25:24,399
Speaker 2: be like, why aren't you contributing to super? Why aren't

556
00:25:24,440 --> 00:25:28,240
Speaker 2: you investing? But if you're on thirty grand, like we're

557
00:25:28,240 --> 00:25:30,760
Speaker 2: doing the best that we can, you can't say, oh

558
00:25:30,800 --> 00:25:33,400
Speaker 2: my gosh, well you know you should be just investing

559
00:25:33,440 --> 00:25:35,879
Speaker 2: ten percent of your income always, Like it just doesn't

560
00:25:35,920 --> 00:25:40,600
Speaker 2: work that way, like percentage based budgeting. It just to

561
00:25:40,680 --> 00:25:44,439
Speaker 2: me doesn't work anyway. I think if I was in

562
00:25:44,480 --> 00:25:46,680
Speaker 2: their position, I'd be doing my budget. I'd be trying

563
00:25:46,720 --> 00:25:49,320
Speaker 2: to put some cash away into an emergency fund while

564
00:25:49,320 --> 00:25:53,160
Speaker 2: still being acutely aware of my SUPER. And then maybe

565
00:25:53,320 --> 00:25:56,200
Speaker 2: in the future, because you are still young, I would

566
00:25:56,240 --> 00:25:58,320
Speaker 2: go all right, well, when I finally get my you know,

567
00:25:58,440 --> 00:26:02,240
Speaker 2: first job, outside of my PhD, where I haven't been

568
00:26:02,280 --> 00:26:04,760
Speaker 2: able to invest in. You know, I've actually invested time

569
00:26:04,920 --> 00:26:08,040
Speaker 2: into my education and time into my future career. I'm

570
00:26:08,080 --> 00:26:12,040
Speaker 2: going to then maybe make some additional contributions to make

571
00:26:12,160 --> 00:26:14,440
Speaker 2: up for the time that I was doing my PhD,

572
00:26:14,640 --> 00:26:16,720
Speaker 2: so you don't have to put the pressure on yourself

573
00:26:16,800 --> 00:26:19,440
Speaker 2: during this period of time. I think it's a bit

574
00:26:19,520 --> 00:26:23,520
Speaker 2: risky if you were going to invest outside of superannuation

575
00:26:24,080 --> 00:26:26,400
Speaker 2: with the background I guess knowledge that you might need

576
00:26:26,440 --> 00:26:28,280
Speaker 2: that money, like, because I don't want you to ever

577
00:26:28,320 --> 00:26:31,160
Speaker 2: have to sell down an investment and potentially lose money

578
00:26:31,160 --> 00:26:33,239
Speaker 2: because you need to pay an electrical bill, or you know,

579
00:26:33,280 --> 00:26:35,800
Speaker 2: you didn't have money for groceries, or you couldn't do

580
00:26:35,840 --> 00:26:38,960
Speaker 2: weight trassing shifts because everything was too tough. I think

581
00:26:38,960 --> 00:26:41,240
Speaker 2: that we should really be focusing just on cash flow

582
00:26:41,359 --> 00:26:44,479
Speaker 2: and on savings and not so much on investing. I mean,

583
00:26:44,520 --> 00:26:46,520
Speaker 2: if you find that free cash flow, get it, queen.

584
00:26:47,240 --> 00:26:50,159
Speaker 2: But if that's not possible, I think we also need

585
00:26:50,200 --> 00:26:52,960
Speaker 2: to take the pressure off ourselves and go we don't

586
00:26:53,000 --> 00:26:54,760
Speaker 2: have to do everything all at once. See in fact,

587
00:26:54,800 --> 00:26:59,040
Speaker 2: it's literally impossible. But as time goes on, you will

588
00:26:59,080 --> 00:27:02,000
Speaker 2: become an investor, you will contribute more to superannuation and

589
00:27:02,080 --> 00:27:05,440
Speaker 2: you will be financially secure because you're already thinking about

590
00:27:05,440 --> 00:27:08,199
Speaker 2: it totally. And if you've got a doctorate, is that

591
00:27:08,200 --> 00:27:11,240
Speaker 2: what it's called a doctorate? Yes, then we could assume

592
00:27:11,280 --> 00:27:20,840
Speaker 2: that maybe you were making some big doctorate, so hopefully

593
00:27:20,880 --> 00:27:22,600
Speaker 2: it kind of makes up. I love it, alright, I've

594
00:27:22,600 --> 00:27:24,960
Speaker 2: got oh, I've got to spicey one and I have

595
00:27:25,000 --> 00:27:27,200
Speaker 2: opinions and I'm going to hold my tongue until you've

596
00:27:27,280 --> 00:27:30,000
Speaker 2: had yours. Are you ready for the DM of the week?

597
00:27:30,200 --> 00:27:30,440
Speaker 4: Yes?

598
00:27:30,840 --> 00:27:34,040
Speaker 2: All right, Hey girls, love your pod. I was wondering

599
00:27:34,160 --> 00:27:38,000
Speaker 2: are you able to cover matched betting on the podcast?

600
00:27:39,000 --> 00:27:41,320
Speaker 2: My partner is telling me he's going to get into

601
00:27:41,359 --> 00:27:44,560
Speaker 2: it as a side hustle to earn more income. I

602
00:27:44,600 --> 00:27:46,960
Speaker 2: don't really understand how it works, and I'm worried it's

603
00:27:46,960 --> 00:27:50,320
Speaker 2: a scam or could result in bad gambling behaviors. He

604
00:27:50,440 --> 00:27:52,400
Speaker 2: said he's done a lot of research into it and

605
00:27:52,920 --> 00:27:56,199
Speaker 2: returns way more than the Australian shere market, which I

606
00:27:56,240 --> 00:27:58,280
Speaker 2: find hard to believe. Do you know if this is

607
00:27:58,320 --> 00:28:01,800
Speaker 2: a legitimate side hustle and is it safe? Thanks in advance?

608
00:28:02,400 --> 00:28:07,639
Speaker 4: Well, I gotta tell you I was doing this for

609
00:28:07,680 --> 00:28:12,479
Speaker 4: a little while. I do want to say, like, I know,

610
00:28:12,640 --> 00:28:16,959
Speaker 4: I'm not absolutely not condoning gambling, but the time and

611
00:28:17,160 --> 00:28:20,600
Speaker 4: energy and like intelligence you need. I didn't do this myself.

612
00:28:20,640 --> 00:28:21,960
Speaker 4: A friend of mine showed me how to do it

613
00:28:21,960 --> 00:28:23,840
Speaker 4: and told me explain it all to me. I stoldn't

614
00:28:23,920 --> 00:28:26,600
Speaker 4: absorb it, but somehow I kept making money. Anyway. I

615
00:28:26,640 --> 00:28:31,960
Speaker 4: know that it takes someone extremely smart to figure out

616
00:28:32,080 --> 00:28:35,240
Speaker 4: all the odds and how to just like either break

617
00:28:35,240 --> 00:28:37,719
Speaker 4: even or make money. And it's like the way I

618
00:28:37,760 --> 00:28:41,200
Speaker 4: was doing it with my friend, I don't think it's allowed.

619
00:28:41,240 --> 00:28:45,160
Speaker 4: Like we all got banned from all the platforms eventually, Wow,

620
00:28:45,320 --> 00:28:48,680
Speaker 4: who saw that? I don't think it's a loud but

621
00:28:48,720 --> 00:28:50,960
Speaker 4: I could maybe I listened talking about something else. But

622
00:28:51,000 --> 00:28:52,680
Speaker 4: what I took from that is like, oh, yeah, I

623
00:28:52,680 --> 00:28:56,160
Speaker 4: have done this. Yes I did make money and then

624
00:28:56,200 --> 00:29:00,640
Speaker 4: I was banned, But I would probably not condone it

625
00:29:00,920 --> 00:29:06,360
Speaker 4: simply because nothing's guaranteed. And if it was like if

626
00:29:06,400 --> 00:29:08,320
Speaker 4: anyone could do that, if anyone could just figure out

627
00:29:08,320 --> 00:29:12,000
Speaker 4: how to bet match, then like well all these gambling

628
00:29:12,000 --> 00:29:15,360
Speaker 4: companies would just be out of pocket constantly. So I'm

629
00:29:15,360 --> 00:29:17,880
Speaker 4: not to say that the listener's partner is not able

630
00:29:17,920 --> 00:29:18,320
Speaker 4: to do that.

631
00:29:18,360 --> 00:29:20,360
Speaker 2: But it's just risky. It's just risky.

632
00:29:20,600 --> 00:29:23,280
Speaker 5: Jess what do you reckon? I cannot say this clearly enough.

633
00:29:23,960 --> 00:29:26,200
Speaker 5: Gambling is not a side hustle, like.

634
00:29:26,800 --> 00:29:29,160
Speaker 2: Not say it clear o, babe, gambling.

635
00:29:32,240 --> 00:29:34,200
Speaker 5: I say this with love and I know that obviously

636
00:29:34,200 --> 00:29:36,200
Speaker 5: this is the way that your partner has maybe pitched

637
00:29:36,200 --> 00:29:39,240
Speaker 5: it to you, which I totally get, But it just

638
00:29:39,320 --> 00:29:40,720
Speaker 5: is simply not a side hustle.

639
00:29:40,760 --> 00:29:41,880
Speaker 2: Gambling is gambling.

640
00:29:41,960 --> 00:29:44,560
Speaker 5: It is a high risk and I'll be honest, I

641
00:29:44,600 --> 00:29:47,840
Speaker 5: don't know too much about match betting and how it works.

642
00:29:48,000 --> 00:29:48,200
Speaker 2: VD.

643
00:29:48,360 --> 00:29:49,800
Speaker 5: I feel like you're going to have a little bit

644
00:29:49,800 --> 00:29:56,120
Speaker 5: more inside. But the biggest thing for me is I

645
00:29:56,160 --> 00:29:59,600
Speaker 5: think that any from what I understand, it operates using

646
00:29:59,760 --> 00:30:02,240
Speaker 5: ma be like the free bets that they offer or

647
00:30:02,280 --> 00:30:04,720
Speaker 5: you know, get your money back if you whatever split

648
00:30:04,880 --> 00:30:07,600
Speaker 5: you know how they do those things? Yes, that is marketing.

649
00:30:07,880 --> 00:30:11,000
Speaker 5: And the reason that they these gambling companies are marketing

650
00:30:11,040 --> 00:30:13,920
Speaker 5: to you is because they are relying on the fact

651
00:30:14,000 --> 00:30:16,120
Speaker 5: that you'll get in, maybe win a little bit of money,

652
00:30:16,120 --> 00:30:19,880
Speaker 5: get excited and start gambling more broadly, and they're going

653
00:30:19,920 --> 00:30:20,880
Speaker 5: to get their money back.

654
00:30:21,280 --> 00:30:21,760
Speaker 2: Like there's a.

655
00:30:21,760 --> 00:30:24,040
Speaker 5: Reason that they offer you these freebies, and it's not

656
00:30:24,080 --> 00:30:25,920
Speaker 5: out of the goodness of their heart. It's because they

657
00:30:25,960 --> 00:30:30,040
Speaker 5: are trying to effectively get you addicted to gambling.

658
00:30:30,160 --> 00:30:33,440
Speaker 2: Basically true. That can I say that? Is that? Yeah? Absolutely,

659
00:30:33,480 --> 00:30:38,000
Speaker 2: you can say that because, like the truth sometimes isn't comfortable. Yeah, sotly.

660
00:30:38,280 --> 00:30:42,520
Speaker 5: I just think that, you know, if you want to

661
00:30:42,560 --> 00:30:45,320
Speaker 5: gamble with your money, that is your own prerogative. But

662
00:30:45,400 --> 00:30:49,000
Speaker 5: I really really really need you to look at it

663
00:30:49,040 --> 00:30:52,640
Speaker 5: through the lens of this is a high risk gambling activity.

664
00:30:52,960 --> 00:30:56,480
Speaker 2: It is not a side hustle. Yeah, yeah, okay, can

665
00:30:56,560 --> 00:31:00,000
Speaker 2: I have a turn? Please? Please? So why wouldn't victor

666
00:31:00,040 --> 00:31:03,560
Speaker 2: where I agree with it? Because it's illegal is probably

667
00:31:03,640 --> 00:31:10,360
Speaker 2: the first issue. Because it's illegal. Well, actually no, While

668
00:31:10,400 --> 00:31:14,640
Speaker 2: match betting itself isn't illegal, the tactics that are required

669
00:31:14,680 --> 00:31:17,720
Speaker 2: for you to be successful, like creating multiple accounts under

670
00:31:17,720 --> 00:31:20,840
Speaker 2: fake names, they actually cross the line into I would

671
00:31:20,840 --> 00:31:24,880
Speaker 2: say fraud territory, putting you at serious risk. There's a

672
00:31:24,960 --> 00:31:28,560
Speaker 2: reason that you shouldn't be doing it. It's also against

673
00:31:28,600 --> 00:31:32,960
Speaker 2: the terms and conditions of every single betting company worldwide.

674
00:31:33,480 --> 00:31:36,080
Speaker 2: Match betting is not okay. What is match betting. I

675
00:31:36,120 --> 00:31:39,920
Speaker 2: hear a lot of people asking, so it's essentially using

676
00:31:40,680 --> 00:31:44,640
Speaker 2: online gambling slash betting websites, you know how they often say,

677
00:31:44,760 --> 00:31:46,720
Speaker 2: we'll give you ten dollars to sign up and bet

678
00:31:46,760 --> 00:31:50,840
Speaker 2: for free. Yeah, so it's essentially using the betting website's

679
00:31:50,880 --> 00:31:54,120
Speaker 2: free bet offer to make money. So, for example, you're

680
00:31:54,120 --> 00:31:56,840
Speaker 2: going to use their free ten dollars as a welcome

681
00:31:56,880 --> 00:31:59,520
Speaker 2: to the betting company, and you're gonna bet on an

682
00:31:59,520 --> 00:32:01,720
Speaker 2: AFL game, right, You're going to bet on a footy

683
00:32:01,760 --> 00:32:04,840
Speaker 2: game and you're going to bet that you know, the

684
00:32:04,880 --> 00:32:09,400
Speaker 2: Brisbane lines win. Right. Then on a different betting website,

685
00:32:09,440 --> 00:32:12,160
Speaker 2: you're going to bet another ten dollars of your own

686
00:32:12,240 --> 00:32:14,480
Speaker 2: money that the Brisbane lines loose.

687
00:32:14,760 --> 00:32:15,120
Speaker 5: Oh.

688
00:32:16,120 --> 00:32:19,160
Speaker 2: So the software then works out the most evenly matched

689
00:32:19,320 --> 00:32:22,400
Speaker 2: odds and potentially you're going to make up to another

690
00:32:22,800 --> 00:32:25,760
Speaker 2: ten dollars of profit. So you keep doing that, rins

691
00:32:25,840 --> 00:32:30,040
Speaker 2: and repeat. You're using free money to make money, and honestly,

692
00:32:30,120 --> 00:32:33,520
Speaker 2: a lot of people say it's easy. I don't think

693
00:32:33,520 --> 00:32:36,440
Speaker 2: it is because there's a lot of complexity. There's a

694
00:32:36,520 --> 00:32:39,160
Speaker 2: lot of risk doing it because obviously if somebody else

695
00:32:39,200 --> 00:32:42,240
Speaker 2: gets involved or they're betting genuinely like that's going to

696
00:32:42,280 --> 00:32:46,440
Speaker 2: mix up your odds, Like it's actually it's so bad,

697
00:32:46,760 --> 00:32:49,360
Speaker 2: but yes, it is against the terms and conditions, which

698
00:32:49,400 --> 00:32:53,960
Speaker 2: beck is why you got banned from the comments because

699
00:32:54,000 --> 00:32:56,280
Speaker 2: they didn't like it. They also use a lot of

700
00:32:56,280 --> 00:32:59,080
Speaker 2: spyware software because it is legal and it impacts their

701
00:32:59,080 --> 00:33:03,080
Speaker 2: business negatively, Like a betting website is going to share

702
00:33:03,080 --> 00:33:05,479
Speaker 2: that with other betting websites, so you've probably been banned

703
00:33:05,480 --> 00:33:08,000
Speaker 2: from a lot of them because they're like, this user

704
00:33:08,960 --> 00:33:11,760
Speaker 2: surely does this. Where does the illegal component come in?

705
00:33:11,800 --> 00:33:12,000
Speaker 5: Though?

706
00:33:12,040 --> 00:33:13,960
Speaker 2: Because like the government doesn't care if you sign up

707
00:33:13,960 --> 00:33:16,680
Speaker 2: a new someone's free ten bucks to gamble, right, it

708
00:33:16,840 --> 00:33:19,880
Speaker 2: actually relies on you opening a heap of different accounts

709
00:33:21,200 --> 00:33:24,480
Speaker 2: so that you can bet against yourself. And you can't

710
00:33:24,520 --> 00:33:27,480
Speaker 2: have multiple accounts in your own name because the betting

711
00:33:27,520 --> 00:33:29,960
Speaker 2: companies don't let you. They only let you have one.

712
00:33:30,120 --> 00:33:35,000
Speaker 2: You are committing fraud. You are committing fraud by opening

713
00:33:35,080 --> 00:33:39,160
Speaker 2: multiple platforms, and I feel like that's probably not something

714
00:33:39,200 --> 00:33:43,160
Speaker 2: that we want to do. So in order to be successful,

715
00:33:43,160 --> 00:33:45,160
Speaker 2: you're going to need multiple accounts.

716
00:33:45,440 --> 00:33:47,840
Speaker 5: Yeah, Like, so you're gonna I'm I'm Jessica and tomorrow

717
00:33:47,840 --> 00:33:51,960
Speaker 5: I'm Pessica. Yeah, like just making a heap of different

718
00:33:52,480 --> 00:33:53,720
Speaker 5: differently exactly.

719
00:33:53,880 --> 00:33:57,840
Speaker 2: So obviously there's that risk. There's the risk of obviously

720
00:33:57,880 --> 00:34:01,840
Speaker 2: making an error and losing mon. There's the risk of

721
00:34:01,880 --> 00:34:06,760
Speaker 2: you being fined. There's the risk of you know, obviously,

722
00:34:06,840 --> 00:34:09,400
Speaker 2: it's just not coming out in the wash. I feel

723
00:34:09,400 --> 00:34:11,759
Speaker 2: like lots of people in this space, they're like, it's

724
00:34:11,800 --> 00:34:13,920
Speaker 2: so good, like please don't get me wrong, Like at

725
00:34:13,920 --> 00:34:15,680
Speaker 2: the end of the day, it's just it's not a

726
00:34:15,680 --> 00:34:18,280
Speaker 2: good idea. But a few people replied to our stories

727
00:34:18,320 --> 00:34:20,680
Speaker 2: to be completely transparent, said I made one thousand dollars

728
00:34:20,719 --> 00:34:22,960
Speaker 2: from this during lockdown. I made a couple of grand

729
00:34:23,000 --> 00:34:25,400
Speaker 2: from this. You know, each to their own. But it

730
00:34:25,480 --> 00:34:29,520
Speaker 2: is not ethical. It is not legal betting and gambling

731
00:34:29,600 --> 00:34:31,840
Speaker 2: is not a side hustle. It's not something I would

732
00:34:31,920 --> 00:34:35,840
Speaker 2: ever recommend. But I mean, I feel like it's missi

733
00:34:35,840 --> 00:34:38,640
Speaker 2: of me not to share that. Yes, it has quote

734
00:34:39,160 --> 00:34:42,439
Speaker 2: worked for some people. They're now banned from those platforms though,

735
00:34:42,719 --> 00:34:45,440
Speaker 2: Like a lot of the people I reply, I'll entertain

736
00:34:45,480 --> 00:34:47,640
Speaker 2: the conversation like no shame, Like you can tell me

737
00:34:47,680 --> 00:34:49,399
Speaker 2: anything and I'm not going to judge you, but I'll

738
00:34:49,440 --> 00:34:51,200
Speaker 2: be like, Okay, tell me about that like, how did

739
00:34:51,239 --> 00:34:53,239
Speaker 2: that work? What did that look like? And they're like, yeah, yeah,

740
00:34:53,239 --> 00:34:55,560
Speaker 2: I did it until I got banned from the account

741
00:34:55,600 --> 00:34:57,759
Speaker 2: and then I tried to make other accounts and like

742
00:34:57,800 --> 00:35:00,799
Speaker 2: I'm banned from literally every platform, and I'm like not surprised,

743
00:35:00,920 --> 00:35:05,759
Speaker 2: sorry about that. I think it's also a slippery slope

744
00:35:05,840 --> 00:35:08,759
Speaker 2: completely like such as you were saying, just such a

745
00:35:08,760 --> 00:35:12,279
Speaker 2: slippery slope. Like estimates. I've done some research as well,

746
00:35:12,280 --> 00:35:14,600
Speaker 2: because I knew this question was coming, But estimates suggest

747
00:35:14,680 --> 00:35:20,560
Speaker 2: that Australians lose approximately twenty five billion dollars on legal

748
00:35:20,600 --> 00:35:24,359
Speaker 2: forms of gambling each year legal forms, and we all

749
00:35:24,400 --> 00:35:26,600
Speaker 2: know that there are lots of illegal ones and that

750
00:35:26,680 --> 00:35:31,160
Speaker 2: represents the largest per capital loss in the world. Whoa

751
00:35:31,440 --> 00:35:34,799
Speaker 2: they We're a big gambling we are a massive gambling nation,

752
00:35:35,480 --> 00:35:38,160
Speaker 2: like and that's fine, each to their own. I feel

753
00:35:38,160 --> 00:35:40,960
Speaker 2: like Australians love a punt. That is definitely a part

754
00:35:41,000 --> 00:35:45,319
Speaker 2: of our culture. But I think it's really important to

755
00:35:45,480 --> 00:35:48,959
Speaker 2: realize that this is not a side hustle. I don't care.

756
00:35:49,320 --> 00:35:54,320
Speaker 2: It feels like multi level marketing. It feels like obviously,

757
00:35:54,480 --> 00:35:56,440
Speaker 2: if someone's doing it, they want you to do it,

758
00:35:56,440 --> 00:35:57,920
Speaker 2: they want you to join in you can make some

759
00:35:57,960 --> 00:36:00,879
Speaker 2: money back. And that's exactly what happened. I'm not saying

760
00:36:00,920 --> 00:36:03,840
Speaker 2: that your friend's a bad person, but your friend definitely

761
00:36:03,920 --> 00:36:06,080
Speaker 2: wasn't doing the right thing. But then was also like, oh,

762
00:36:06,080 --> 00:36:07,719
Speaker 2: but it made me money. You could do the same thing,

763
00:36:07,760 --> 00:36:10,319
Speaker 2: beck And like, the second you learn something about how

764
00:36:10,320 --> 00:36:12,720
Speaker 2: to make some extra cash, I'm to share with my friends.

765
00:36:12,840 --> 00:36:16,360
Speaker 2: I literally have a podcast. I am obsessed with sharing

766
00:36:16,440 --> 00:36:19,680
Speaker 2: how you can make some extra money. But this, my friend,

767
00:36:19,960 --> 00:36:24,000
Speaker 2: isn't it. I think then, also it's important to recognize

768
00:36:24,040 --> 00:36:28,080
Speaker 2: that people in our community, so younger people aged between

769
00:36:28,120 --> 00:36:31,359
Speaker 2: the ages of eighteen to thirty are usually twice as

770
00:36:31,640 --> 00:36:34,600
Speaker 2: likely to be problem gamblers than those who are older.

771
00:36:34,880 --> 00:36:37,640
Speaker 2: We are a lot more about instant gratification. So that

772
00:36:37,719 --> 00:36:39,440
Speaker 2: makes a lot of sense. And I guess when it

773
00:36:39,480 --> 00:36:42,560
Speaker 2: comes to would you say, like the psychological impact or

774
00:36:42,560 --> 00:36:47,160
Speaker 2: the psychological harm, There's some research that says that forty

775
00:36:47,320 --> 00:36:52,239
Speaker 2: to sixty percent of problem gamblers in treatment samples experience

776
00:36:52,280 --> 00:37:00,000
Speaker 2: clinical depression, display suicidal ideation, or have significant levels of anxiety. Yeah,

777
00:37:00,160 --> 00:37:02,600
Speaker 2: like you might not when you go into it, but

778
00:37:02,719 --> 00:37:06,080
Speaker 2: like it's going to put you on a very negative

779
00:37:06,160 --> 00:37:10,239
Speaker 2: mental pathway. Other people in that same study reported that

780
00:37:10,280 --> 00:37:13,360
Speaker 2: they put off activities or they neglected their families because

781
00:37:13,360 --> 00:37:17,000
Speaker 2: of gambling, and most report that they had lied to

782
00:37:17,160 --> 00:37:21,319
Speaker 2: family members or engaged in furaitive activities, so that they

783
00:37:21,320 --> 00:37:24,440
Speaker 2: were basically concealing the extent of their gambling or whatever

784
00:37:24,520 --> 00:37:29,000
Speaker 2: losses they had incurred. Now, I obviously went online because

785
00:37:29,040 --> 00:37:31,440
Speaker 2: I just I feel like this is something I'm wildly

786
00:37:31,480 --> 00:37:33,200
Speaker 2: passionate about, and there seems to be a lack of

787
00:37:33,239 --> 00:37:37,480
Speaker 2: financial literacy around this. And I got a few quotes

788
00:37:38,200 --> 00:37:42,400
Speaker 2: from people who had been betmatching, and I think that

789
00:37:42,440 --> 00:37:45,360
Speaker 2: I want to share them. So one person said, I

790
00:37:45,400 --> 00:37:47,799
Speaker 2: got into match betting a year ago and now I

791
00:37:47,840 --> 00:37:51,600
Speaker 2: have a minor slot's habit. Someone else said, if you

792
00:37:51,680 --> 00:37:55,359
Speaker 2: calculate something wrong, it can sting. And you also end

793
00:37:55,440 --> 00:37:58,080
Speaker 2: up watching sports, so that can kind of trade out

794
00:37:58,080 --> 00:38:01,680
Speaker 2: positions and lock in profit times, So watching as a

795
00:38:01,680 --> 00:38:05,200
Speaker 2: fan kind of tails off. It doesn't become enjoyable anymore.

796
00:38:05,600 --> 00:38:09,200
Speaker 2: Plus sometimes you really really cheer for a horse to lose.

797
00:38:09,600 --> 00:38:13,920
Speaker 2: That's not actually very nice. Oh, and it's really time consuming.

798
00:38:14,160 --> 00:38:16,239
Speaker 2: You want to be making actual money, not just ten

799
00:38:16,280 --> 00:38:18,680
Speaker 2: bucks here and there, so you need to be prepared

800
00:38:18,680 --> 00:38:21,439
Speaker 2: to put in a lot of work. It's not worth it. Yeah,

801
00:38:22,360 --> 00:38:25,560
Speaker 2: someone else said. One thing I dislike about match betting

802
00:38:25,760 --> 00:38:29,040
Speaker 2: is people saying it's risk free. Bets can be canceled,

803
00:38:29,120 --> 00:38:33,120
Speaker 2: you can make mistakes, for example, if you're laying long odds,

804
00:38:33,360 --> 00:38:37,719
Speaker 2: then the liability can be massive. There's just so much

805
00:38:37,760 --> 00:38:41,000
Speaker 2: to this. I mean, I obviously am very passionate about

806
00:38:41,080 --> 00:38:44,040
Speaker 2: financial literacy and people being in the best possible position,

807
00:38:44,600 --> 00:38:48,440
Speaker 2: but I feel like gambling is a massive issue, and

808
00:38:48,560 --> 00:38:52,120
Speaker 2: gambling related. I guess harm doesn't just affect the person

809
00:38:52,200 --> 00:38:55,400
Speaker 2: doing the gambling, but also their families, their peers, their work,

810
00:38:55,560 --> 00:39:00,359
Speaker 2: their career, lost productivity. Like, there's so many negative impacts.

811
00:39:00,800 --> 00:39:02,960
Speaker 2: But Jess, you said it loud and clear, gambling is

812
00:39:03,000 --> 00:39:05,319
Speaker 2: not a side hustle, full stop. End of story. I

813
00:39:05,360 --> 00:39:07,520
Speaker 2: don't know how much clearer I can be, and I

814
00:39:07,640 --> 00:39:13,040
Speaker 2: don't particularly feel as though this is a situation where

815
00:39:13,040 --> 00:39:16,759
Speaker 2: I have to be really kind. Your boyfriend shouldn't be

816
00:39:16,800 --> 00:39:19,799
Speaker 2: doing this, Yeah, end of story. You can share this

817
00:39:19,920 --> 00:39:22,480
Speaker 2: episode with him, But I also recommend, and we'll put

818
00:39:22,520 --> 00:39:25,000
Speaker 2: in the show notes a link to Gambler's help. I

819
00:39:25,000 --> 00:39:26,920
Speaker 2: would give them a buzz and just have a chat

820
00:39:27,080 --> 00:39:29,839
Speaker 2: and look, look some stuff up online. See what it's like.

821
00:39:29,920 --> 00:39:31,720
Speaker 2: It's it's not a good idea.

822
00:39:31,960 --> 00:39:34,920
Speaker 5: Yeah, it's an industry that prays on and relies on

823
00:39:35,040 --> 00:39:38,279
Speaker 5: you losing. Like how they're up twenty five billion dollars

824
00:39:38,320 --> 00:39:41,360
Speaker 5: across Australia. And if you want more information on the

825
00:39:41,360 --> 00:39:43,280
Speaker 5: broader impacts of that, we did a really good episode

826
00:39:43,320 --> 00:39:45,920
Speaker 5: a few years ago called The Impacts of Gambling. I

827
00:39:45,920 --> 00:39:48,400
Speaker 5: would really highly recommend that BECAUSEVD in that episode you

828
00:39:48,440 --> 00:39:51,640
Speaker 5: gave a lot more broader context into the psychology of

829
00:39:51,680 --> 00:39:54,680
Speaker 5: additional resource suggestions and stuff like that, So it could

830
00:39:54,719 --> 00:39:57,600
Speaker 5: be a good listen before count a conversation with your partner.

831
00:39:57,640 --> 00:39:59,880
Speaker 2: There's a lot to uncover. We also did ask the

832
00:40:00,000 --> 00:40:01,719
Speaker 2: commuknew about it, but I felt like I needed to

833
00:40:01,719 --> 00:40:05,239
Speaker 2: go on a little BD rant before I shared community

834
00:40:05,320 --> 00:40:08,720
Speaker 2: sentiment because obviously being like, actually you shouldn't be doing

835
00:40:08,719 --> 00:40:11,880
Speaker 2: this before people were like, yeah, sounds good because you

836
00:40:11,920 --> 00:40:13,640
Speaker 2: just don't know what you don't know, right, And it's

837
00:40:13,640 --> 00:40:15,319
Speaker 2: like you bet you were like, wait, what, I'm not

838
00:40:15,360 --> 00:40:17,880
Speaker 2: meant to be doing that of courst because do you

839
00:40:17,880 --> 00:40:19,880
Speaker 2: know who's going to read the terms and conditions of

840
00:40:19,920 --> 00:40:20,640
Speaker 2: any website?

841
00:40:20,719 --> 00:40:20,799
Speaker 5: Me?

842
00:40:21,080 --> 00:40:21,520
Speaker 2: Who's not?

843
00:40:21,760 --> 00:40:21,880
Speaker 5: You?

844
00:40:21,920 --> 00:40:25,239
Speaker 2: Guys? Because it's boring, like why bother totally? We asked

845
00:40:25,280 --> 00:40:27,400
Speaker 2: the community, what are your thoughts on this as a

846
00:40:27,480 --> 00:40:30,800
Speaker 2: money making strategy? One percent of you said looks legit,

847
00:40:31,280 --> 00:40:34,680
Speaker 2: thirty three percent of you said we'd need some serious research,

848
00:40:35,040 --> 00:40:37,680
Speaker 2: and sixty six percent of you said it's giving Red

849
00:40:37,680 --> 00:40:42,320
Speaker 2: Flag energy agreed. We then asked the question, would you

850
00:40:42,360 --> 00:40:44,799
Speaker 2: be comfortable with your partner taking up gambling as a

851
00:40:44,840 --> 00:40:49,839
Speaker 2: money making strategy? Two percent said it's their choice. I

852
00:40:49,840 --> 00:40:51,719
Speaker 2: couldn't fall into it, Like, and I'm not judging you,

853
00:40:51,800 --> 00:40:54,080
Speaker 2: that's fine, but like if my partner did that, I'd

854
00:40:54,120 --> 00:40:56,880
Speaker 2: be like, get it off, delete it, but I'd be

855
00:40:57,040 --> 00:41:00,000
Speaker 2: such a little troll. Fourteen percent of you said yeah,

856
00:41:00,080 --> 00:41:02,360
Speaker 2: with limits, and eighty four percent of you said nuts,

857
00:41:02,360 --> 00:41:05,839
Speaker 2: too risky. We then went to the community and said

858
00:41:05,960 --> 00:41:09,960
Speaker 2: give us you two cents. So. One person said, I'm

859
00:41:10,120 --> 00:41:13,560
Speaker 2: really strong social views on gambling would show me that

860
00:41:13,600 --> 00:41:15,040
Speaker 2: our values aren't aligned.

861
00:41:15,280 --> 00:41:15,880
Speaker 5: Yeah.

862
00:41:16,160 --> 00:41:19,319
Speaker 2: Someone else said, after my mother in law lost everything,

863
00:41:19,719 --> 00:41:22,640
Speaker 2: including the family home my husband grew up in, gambling

864
00:41:22,719 --> 00:41:25,680
Speaker 2: is a hard note for me. Someone else said, the

865
00:41:25,719 --> 00:41:30,160
Speaker 2: definition of betting is literally the act of gambling. Yeah,

866
00:41:30,239 --> 00:41:35,440
Speaker 2: Red Flag. Another person said, those companies don't report massive

867
00:41:35,480 --> 00:41:39,279
Speaker 2: profits for no reason. Right, Yeah, literally totally Yeah, Like

868
00:41:39,400 --> 00:41:41,800
Speaker 2: we are then getting their profits from you, my friend,

869
00:41:41,920 --> 00:41:45,200
Speaker 2: their source of income. Someone else said there's a reason

870
00:41:45,200 --> 00:41:48,319
Speaker 2: the government puts out warning ads and labels when it

871
00:41:48,360 --> 00:41:51,520
Speaker 2: comes to gambling. And last one I'm going to share

872
00:41:51,719 --> 00:41:55,280
Speaker 2: is it's also much more time consuming than just investing

873
00:41:55,320 --> 00:41:59,680
Speaker 2: in shares. Yeah yeah, true, men. Amen. Also great idea

874
00:41:59,760 --> 00:42:02,920
Speaker 2: in test properly gambling is not a side hustle. I

875
00:42:02,920 --> 00:42:05,160
Speaker 2: think we'll leave it there this week before I go

876
00:42:05,320 --> 00:42:08,240
Speaker 2: even all worked up about it. Just look for yourselves.

877
00:42:08,280 --> 00:42:11,760
Speaker 2: You deserve better. Yeah, totally agreed. Amen. All right, Well,

878
00:42:11,920 --> 00:42:14,359
Speaker 2: have a good week. If you haven't left us a

879
00:42:14,520 --> 00:42:18,000
Speaker 2: review for us to share on the pod, please consider

880
00:42:18,080 --> 00:42:21,040
Speaker 2: doing so. Definitely subscribe to make sure you don't miss

881
00:42:21,080 --> 00:42:23,359
Speaker 2: an episode. And if you haven't joined our Facebook group,

882
00:42:23,400 --> 00:42:25,360
Speaker 2: my friend, now is the time to shine. We have

883
00:42:25,480 --> 00:42:30,040
Speaker 2: these conversations and even spiceo ones in there every single week.

884
00:42:30,440 --> 00:42:32,280
Speaker 2: We'll see you next week, guys, Bye, guys.

885
00:42:32,360 --> 00:42:36,240
Speaker 4: Bye.

886
00:42:38,560 --> 00:42:41,080
Speaker 2: The advice shared on She's on the Money is general

887
00:42:41,120 --> 00:42:45,000
Speaker 2: in nature and does not consider your individual circumstances. She's

888
00:42:45,040 --> 00:42:48,480
Speaker 2: on the Money exists purely for educational purposes. And should

889
00:42:48,520 --> 00:42:51,680
Speaker 2: not be relied upon to make an investment or financial decision.

890
00:42:52,080 --> 00:42:54,520
Speaker 2: If you do choose to buy a financial product, read

891
00:42:54,560 --> 00:42:58,680
Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards

892
00:42:58,719 --> 00:43:01,840
Speaker 2: your needs. Victoria, where Divine and sheese on the money

893
00:43:01,880 --> 00:43:05,320
Speaker 2: are authorized representatives of money sherper P T y L

894
00:43:05,400 --> 00:43:08,000
Speaker 2: t D A b N three two one six, four

895
00:43:08,120 --> 00:43:11,080
Speaker 2: nine two seven, seven zero eight a F s L

896
00:43:11,239 --> 00:43:16,280
Speaker 2: four five one two eight nine