Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 2: Hello, and welcome to She's on the Money. The podcast
Speaker 2: are millennials who want financial freedom. Welcome my friends, back
Speaker 2: to another Friday episode where we celebrate you ow incredible.
Speaker 2: She's on the Money community. But this week, my friends,
Speaker 2: it looks a little bit different because Miss jessic Ricci
Speaker 2: as always is here. Hello, but Jessica, where are we
Speaker 2: We're in New York City, We actually are, and this
Speaker 2: week we are joined by two friends I would say
Speaker 2: friends of the show, but also She's on the Money
Speaker 2: employees who were dragged on and all expenses paid trip
Speaker 2: to New York. So it's a really hard life. They're
Speaker 2: really salty. We have Gabby Funham and Brooke Taylor.
Speaker 4: Hello.
Speaker 2: Hello, Let's introduce them first, Jess, because I feel like
Speaker 2: you and I are incredibly comfortable behind a mic arguably
Speaker 2: sometimes too comfortable behind a microphone. Gabby straight under the bus.
Speaker 2: Who are you? What do you do and why are
Speaker 2: you in New York?
Speaker 4: I'm Gabby, I'm.
Speaker 2: Hi Gabby.
Speaker 5: Welcome means the PR and marketing manager at She's on
Speaker 5: the money, just moved on from v's EA, which is
Speaker 5: a bit of a sad little journey, but it was
Speaker 5: sad to be my eas to New York, and I'm
Speaker 5: here just for the vibes, good times. I mean, we're
Speaker 5: also going to a finance conference, that's mainly why we came.
Speaker 5: But we also have a heap of really cool interviews
Speaker 5: that are going to drop over the next couple of
Speaker 5: weeks that Gabby organized entirely so exactly.
Speaker 2: You guys will love them. I'm really excited about it.
Speaker 2: In Brook Taylor Green, I'm from Taylor Green. That's government name.
Speaker 2: You're welcome.
Speaker 6: I do all video content, so any bad tiktoks you watch.
Speaker 6: I probably made them, and I'm here because it's way
Speaker 6: more fun to do a daily blog on behalf of
Speaker 6: V than to have V do it herself. So I'm
Speaker 6: just filming everything and anything and going to the conference.
Speaker 7: Also, if you're not following us on Instagram, you absolutely
Speaker 7: should be and TikTok as well, because there is so
Speaker 7: much good content. We've been having so much fun with it.
Speaker 7: There's lots of financed but there is also the little
Speaker 7: bts moments that I feel like everybody loves. And turns out,
Speaker 7: New York is really expensive, so that's.
Speaker 2: Been really expensive.
Speaker 4: It's been a little bit gross.
Speaker 2: I'm going to actually replace becks broke tips with like
Speaker 2: why we are broke to come to America and the
Speaker 2: exchange rate is awful, But yeah, I feel like it's
Speaker 2: really exciting to actually be here. Finally, we've been talking
Speaker 2: about this America trip for litual years. Jess and I
Speaker 2: came to the US last year for the same conference,
Speaker 2: got a lot out of it, and we are going again.
Speaker 2: It's called fin Con For anyone who is interested. If
Speaker 2: you listened last year, you knew that we were there
Speaker 2: and we were excited about it. But it's one of
Speaker 2: those things that it's kind of like a pipe dream. Guys,
Speaker 2: we're recording in New York City. That is wild. It's
Speaker 2: like she's on the money gone gossip girl. But let's
Speaker 2: move on and get some normalcy to this podcast, Miss
Speaker 2: Jesse Ricci, what are your money wins of the week?
Speaker 7: All right? My first money when this week came from Grace,
Speaker 7: who said, my partner and I went to give the
Speaker 7: car a quick powerwash at the drey Cart Wash and
Speaker 7: the meat still.
Speaker 2: Had money on it. Freekarwhah.
Speaker 4: She call the money win.
Speaker 1: That is.
Speaker 2: Washing is getting expensive.
Speaker 7: I also would never leave money on the meet it,
Speaker 7: Like even if I was done cleaning, I would find
Speaker 7: something to clean. Like if I've put ten bucks in
Speaker 7: and there's still a few dollars left, I'd be like, well,
Speaker 7: I haven't cleaned it enough, like I'm gonna.
Speaker 2: I would not walk away with it.
Speaker 4: No, not the one that I go.
Speaker 2: I just money win.
Speaker 4: I just just get it detailed.
Speaker 2: No way. I asked my dad to clean my car when
Speaker 2: I go back home.
Speaker 7: Absolute genius. My next money comes from Kirby, who said
Speaker 7: we went out to dinner with my family and the
Speaker 7: poor waiter accidentally dropped my partner's meal all over him
Speaker 7: and the floor. We were more than happy to just
Speaker 7: get a replacement and a few extra napkins. But the
Speaker 7: sweetheart got a meal remade in record time and gave
Speaker 7: him a refund for his meal and gave him a
Speaker 7: free drink, and she said, bless his cotton socks.
Speaker 2: That is literally the sweetest But as we have a
Speaker 2: good little story, Yeah, previous waitress who tipped an entire
Speaker 2: glass of red wine over someone wearing white pants once
Speaker 2: way back in the day, like the mad anxiety, Like
Speaker 2: in that moment, you cannot do enough to make up
Speaker 2: for it, Which is funny because that's not the experience
Speaker 2: Brooke Taylor Green had, is it.
Speaker 1: No?
Speaker 6: Recently, I was on a flight back from Thailand and
Speaker 6: the air hostess walked past me and spilt an entire
Speaker 6: cup of coffee, like not a little bit and a
Speaker 6: tip of coffee and was like walking at full pace
Speaker 6: and goes, oh sorry, and they.
Speaker 2: Just did not worry and then threw a towel back
Speaker 2: to me.
Speaker 7: Lean it up.
Speaker 2: I was worried about it. He was like, yeah, you
Speaker 2: deal with this coffee. Yep, that's why we now fly United.
Speaker 2: That's fine, that's absolutely fine. Just what else have you
Speaker 2: got next?
Speaker 7: I have one from Chantal who says I'm learning to plant, cook,
Speaker 7: and preserve a vegy garden. I spent the weekend making
Speaker 7: way for some summer veggies to go in. And this
Speaker 7: is what I've kicked. I suppose it's a small, continuous
Speaker 7: money when as it's almost forced a way to keep
Speaker 7: me active and I have to do something with what
Speaker 7: I grow, akay eat it or find ways to reuse
Speaker 7: the scraps. And there's a little photo.
Speaker 4: We love a photo.
Speaker 2: I do love a photo, albeit I do have to
Speaker 2: admit that like I don't have the commitment for that.
Speaker 2: And my favorite types of photos that people put in
Speaker 2: the wind threads are dogs. Yeah, we love Yes, we
Speaker 2: love a dog.
Speaker 5: I feel like I go through the phase like every
Speaker 5: summer where I'm like, this year is the year I'm
Speaker 5: going to do a veggie patch, and Mum comes and
Speaker 5: like helps me pick all the beginner ones and then
Speaker 5: I just give up and they die.
Speaker 2: That's quite it's not a money win, I think, Yeah, no,
Speaker 2: it's morbidly wholesome.
Speaker 7: I won't get one of those veggie pod things and
Speaker 7: it's funny because someone put I have another money in
Speaker 7: from Jess great name, who said I bought a veggie
Speaker 7: pod to start growing vegetables at home, and I got
Speaker 7: sixty dollars cash back. Hopefully growing some vege continues to
Speaker 7: be a money in. I've always wanted one of those
Speaker 7: things because it protects them from the sun and the
Speaker 7: bugs and like all that kind of stuff.
Speaker 2: I have that pot I made a couple of years ago.
Speaker 2: Do you remember when I went and got the worm
Speaker 2: garden and put it in a really big planter, And
Speaker 2: now it's so just like Gabby, they all died. They
Speaker 2: all died, and I pulled them out recently and I'm
Speaker 2: going to replant them and it's going to look lush
Speaker 2: for approximately three months.
Speaker 7: I'm excited to eat some homegrown carrots for Victoria's backyard
Speaker 7: and not lu Next, I've got a money win from Brittany,
Speaker 7: who said I didn't tell my employer I had finished
Speaker 7: paying off my hextet and I just cashed it in
Speaker 7: when I got my tax back, and I got seven
Speaker 7: grand Bunny we forced savings, and I'm really happy about it.
Speaker 2: Gabby was celebrating the other day because you got a
Speaker 2: tax return you weren't expecting.
Speaker 4: Yeah.
Speaker 5: I decided to take the plunge and actually pay a
Speaker 5: tax professional to do my tax this year, which was
Speaker 5: had a little bit of a moral debate about it,
Speaker 5: but anyway, I was just like, if I can do
Speaker 5: it myself on my Gov, but MyGov told me I
Speaker 5: was going to o two thy four hundred, went to
Speaker 5: the taxman, got back two thy four hundred, did a
Speaker 5: full switcheroo.
Speaker 2: We have broken even.
Speaker 5: That is a tax slay, absolutely, yes, it is so.
Speaker 2: For those playing along at home when you put brook
Speaker 2: Green and I in the same room. What's the word
Speaker 2: that we use too much sleigh? Yeah, and Gabby does
Speaker 2: not like it.
Speaker 4: All the perfon WD people will be getting PTSD right now.
Speaker 2: Yeah.
Speaker 4: Yeah, I tried to put a sleigh limit on but
Speaker 4: it's hard.
Speaker 6: I actually had to stop myself because there's many moments
Speaker 6: where like a money win.
Speaker 7: That's a sleigh, Like you've slade replaced the sleigh with
Speaker 7: the money win.
Speaker 2: Yeah, but it's just okay, But they told us their
Speaker 2: money win and I want to celebrating, but feel slaves
Speaker 2: fine boots cuts down, all right, Jess, what else if.
Speaker 7: You got every money win. Just know that the team
Speaker 7: thinks it's a big sleigh. Lastly, I've got money lost
Speaker 7: from Alana. I think this is a very relatable one.
Speaker 7: She said, money Loss Meccha Holiday has dropped. The lady
Speaker 7: at the register asked if I wanted them wrapped, and
Speaker 7: I said, no, they're all for me.
Speaker 2: I'm sorry, there's nothing wrong with that. But there's also
Speaker 2: nothing wrong with that. But you guys know, whenever I
Speaker 2: order from Mecca online, by the way, level four, waiting
Speaker 2: for them to invite me to their next level once
Speaker 2: they decide to create one. But I always write to
Speaker 2: Victoria Slave Victoria, and I always ask for gift wrapping
Speaker 2: and then I open it because nine times out of
Speaker 2: ten this is not a good thing to admit. I
Speaker 2: can't remember what I put in my box. I just
Speaker 2: need it yourself to me from me.
Speaker 4: Exactly true.
Speaker 7: It's probably packed faster when you gift trap it because
Speaker 7: it's a smaller section. I used to work in the
Speaker 7: ware house.
Speaker 2: Is it actually in Melbourne?
Speaker 7: It's two separate at least at the Melbourn ware House
Speaker 7: it's two separate divisions.
Speaker 2: Oh my gosh. So if I tick normal box slash
Speaker 2: not normal box.
Speaker 7: It's just higher volume in normal like they're packing like
Speaker 7: their lives depend on it.
Speaker 2: They do because at Tilbury very quickly is the answer.
Speaker 4: Yeah, they're brilliant.
Speaker 2: We love you, Mecca, all right. So unfortunately beck did
Speaker 2: not come to fing On with us this year.
Speaker 7: We've got other work to do it home, which is fair.
Speaker 2: Yeah, it's fair like she works for iHeart, not for
Speaker 2: Victoria Divine, which is quite sad. I mean, you guys
Speaker 2: are probably quite envious. But that's okay. But I decided
Speaker 2: this week instead of doing becks broke tips, we're going
Speaker 2: to do She's on the money, is what's making you
Speaker 2: broke this week? In New York City. Yes, the other day,
Speaker 2: I think you're going to talk about your are a
Speaker 2: sau refreshers that you're obsessed with. You had a conniption
Speaker 2: at the dining table when you realized what that.
Speaker 7: I hadn't been taking into account and con To be honest,
Speaker 7: I hadn't even asked them how much they were. I
Speaker 7: just remember that I loved these last year. I came
Speaker 7: in and I was like, tappy, tap tap, terrible habit,
Speaker 7: don't do it, tapping away, And then I was just
Speaker 7: checking my bank account to see where we were at
Speaker 7: and I was like, oh my god, I'm paying twelve
Speaker 7: dollars fifty.
Speaker 2: Your drinks had a little more down and you don't
Speaker 2: even get the big one. Did you just get like
Speaker 2: the grande, which is really the size of like the medium?
Speaker 5: Yeah.
Speaker 7: Medium? At home, I would say, yeah, I couldn't believe it.
Speaker 7: I was very sad about it, but money. And Victoria
Speaker 7: bought mine this morning for me.
Speaker 2: Yeah, because I felt bad.
Speaker 4: She was like, I'm not going to get one.
Speaker 2: Yeah, because it was like having which makes sense. And
Speaker 2: I was like, well, you deserve this strawberry esayu refresher
Speaker 2: from Starbucks?
Speaker 4: You do, and you don't have coffee, so I feel
Speaker 4: like you.
Speaker 2: Need to ye yourself. And she always deserves it.
Speaker 7: Yeah, if you don't drink coffee, the refreshers have caffeine
Speaker 7: in them.
Speaker 4: They're delicious. They taste like juice.
Speaker 2: Oh ten out of ten, Gabby, what have you learned
Speaker 2: about money being in New York City?
Speaker 1: Oh?
Speaker 5: I just think the massive, like the tax on top
Speaker 5: of what you're buying, it is the biggest. Like went
Speaker 5: to Sephora bought a lip bum and a lip gloss.
Speaker 4: And it cost me like eighty five dollars Australian.
Speaker 2: Because tax on that. Yeah, think about it in the shops.
Speaker 2: I was like, I mean, do not check.
Speaker 5: But then you know, when you buy it in USD
Speaker 5: you're like, oh, it's it's fine.
Speaker 4: But yeah made me cry a little, but that was fine.
Speaker 2: It's not because the exchange rates are dollars sixty approximately.
Speaker 7: In my Yeah, I have another good one that Uber eats.
Speaker 7: The other night with Uber eats popcorn and two cokes
Speaker 7: because we did a wholesome little movie night in and
Speaker 7: you breached two cokes and they looked, you know, you
Speaker 7: pay a little bit more on in Uber. It's it's fine.
Speaker 7: You expect it from like not far away at all.
Speaker 7: And it was like thirty eight dollars between the conversion,
Speaker 7: the tax.
Speaker 2: The service, the delivery, like.
Speaker 4: And I can't wrap my brain.
Speaker 7: I have never been more thankful that Australian just keep
Speaker 7: it so simple, I know.
Speaker 4: But then you feel bad for not tipping.
Speaker 6: Yeah, and like the onus is on you, so you
Speaker 6: could tip ten percent, but then you look like a
Speaker 6: bad person and then you like, I'm basically saying to them, oh,
Speaker 6: I don't think you did a good job, but they
Speaker 6: did do a good job, so you've got to give
Speaker 6: them the twenty percent.
Speaker 7: But twenty percent on anything you buy so much money.
Speaker 2: That's a lot of money if you've got But that's
Speaker 2: what I've been putting because I'm an anxious girl and
Speaker 2: I don't want to think that I'm not kind. Yeah,
Speaker 2: like I'm not going to go to a restaurant and
Speaker 2: be super nice to you, Gabby, and they'd be like,
Speaker 2: you are not worth a tip ill and.
Speaker 4: Twenty percent standard.
Speaker 2: So if you really like them, you should be giving, yeah,
Speaker 2: like twenty five, but it'd be like one hundred dollars lunch.
Speaker 2: Then that's very bad at math. So about a one
Speaker 2: hundred dollar lunch. Actually, we the other night, we got
Speaker 2: in quite late from our plane we arrived from Australia.
Speaker 2: We got to our airbnb, we set up, and then
Speaker 2: we ordered Chick fil A. I have not shared with
Speaker 2: you how much this cost. Soh no, Taylor Green has
Speaker 2: been running out how much does it cost? And I
Speaker 2: thought I just bring it up on the show. Okay,
Speaker 2: So how much did our Chick fil A order the
Speaker 2: other day cost? Everybody got chicken tenders, you got a
Speaker 2: side of chips, and you all got a standard sized drink,
Speaker 2: nothing exciting on the side, and we did out on
Speaker 2: like a couple of sauces. Here in the sauces are
Speaker 2: included in the cost of the okay, yeap, oh no,
Speaker 2: I think I got ed weird? Yeah, you need like
Speaker 2: I need fifty Chick fil a Lucky?
Speaker 4: We removed that.
Speaker 2: How much did that cost delivered? It was on uber
Speaker 2: It's I'm going one hundred and twenty. I'm trying to
Speaker 2: do the math mentally in my head and figure it out. No,
Speaker 2: you cheat by doing the me.
Speaker 6: You gotta say quickly, fast and loose baby, fast and
Speaker 6: loose eighty five dollars.
Speaker 2: It was about one hundred dollars USD, which converts to
Speaker 2: one hundred and sixty dollars takeaway, doesn't That makes me
Speaker 2: want to cry?
Speaker 3: But how.
Speaker 2: Pay for it? So sorry?
Speaker 6: But I love the holy money in that was actually
Speaker 6: a money for us six We saved ourselves like thirty
Speaker 6: dollars each.
Speaker 1: Yeah.
Speaker 2: But then on top of that, I had to tip,
Speaker 2: and obviously taxes were added to that. But I had
Speaker 2: to tip, and I was really worried that if I
Speaker 2: didn't tip enough, they wouldn't bring my food very quickly.
Speaker 2: And it would be cold. So I don't know this.
Speaker 2: This economy makes me incredibly anxious, stressful.
Speaker 4: It is because all the onus is on you, like
Speaker 4: you are a part of the process.
Speaker 6: Where ITAs in Australia you go to macas ten dollars, Yep, done,
Speaker 6: thanks bye, I have.
Speaker 2: Ten ten dollars. It is what is on the label.
Speaker 6: Yeah, and then here you get a service charge, you
Speaker 6: get a tip and then it's like a is there
Speaker 6: anything more o?
Speaker 1: Yeah?
Speaker 2: And the taxes taxes on topic, Broke, what have you
Speaker 2: learned about money while being in the Big USA?
Speaker 6: Accommodation in America is really expensive, like anywhere you go
Speaker 6: like hotels, like even like a dodgy motel, throwing a
Speaker 6: few dollars a night, which in Australia like a motel
Speaker 6: you can get like a fifty dollar dodgy motel.
Speaker 2: We're not staying in dodgy motels, Broke, No, No, I know,
Speaker 2: but like even I was.
Speaker 6: I recently was in like Lake Tahoe and it's like
Speaker 6: middle of it's not the correct season to go in
Speaker 6: the dingiest place ever. It was three hundred and seventy
Speaker 6: dollars a night and it was like there was not
Speaker 6: even a fridge.
Speaker 2: There was not even we didn't have a nye, Like,
Speaker 2: it's just expense. Everything's expensive. Do you know what Jess
Speaker 2: doesn't like about the US actually, because talking about they
Speaker 2: didn't even have a They don't have kettles here.
Speaker 7: It's so so somebody, my friend is studying here and
Speaker 7: she said that they they're making like a tea. They
Speaker 7: put it in the microwave.
Speaker 2: No, no, they don't. The water flow. That's why.
Speaker 7: Yeah, last year, Victory had to buy me a kettle
Speaker 7: for whole rooms so I could fill.
Speaker 2: Up my hot water. Did you bring it this time?
Speaker 2: Because it was we left it in the US because
Speaker 2: it was a full kettle. It was a full kettle.
Speaker 2: This woman had a full conniption that she could not
Speaker 2: put water in her hot water bottle and you could
Speaker 2: see her having an internal meltdown. Wasn't externals around. She
Speaker 2: was just trying to keep it together in front of me,
Speaker 2: and she was like, it's fine, it's fine, it doesn't matter,
Speaker 2: it doesn't matter. And you know when someone's just like
Speaker 2: talking to themselves at the same point, saying, so we
Speaker 2: made a late night dash to Walmart, which is terrifying,
Speaker 2: by the way, why do you sell groceries, clothes, shoes
Speaker 2: and guns in the same location shops? But anyway, we asked,
Speaker 2: didn't we jest? We asked for a kettle. The guy
Speaker 2: looked at us like we were on crack.
Speaker 4: I didn't even know what it was.
Speaker 2: He was like, what's a kettle? And we were like,
Speaker 2: you know, you put boiling water in there, and he
Speaker 2: did not understand. That's fine. We did find one kettle
Speaker 2: in the whole store. It was really expensive if we
Speaker 2: had to buy it because j wasn't going to sleep,
Speaker 2: and then we let it something different. No, it's literally
Speaker 2: called an electric kettle. They care about the.
Speaker 7: Commodity them, and the electric one as well, because sometimes
Speaker 7: like our airbnb has one you put on the burner,
Speaker 7: but most people at home wouldn't use one on the burner.
Speaker 2: Just because the people the Westeak now it's house is
Speaker 2: really fancy, so of course they have a very esthetic,
Speaker 2: copper like style kettle.
Speaker 7: Gorgeous.
Speaker 2: I would almost bet that they don't drink tea. I
Speaker 2: feel like that's not very it's lovely. I had a
Speaker 2: little look. You're went through all their stuff for his
Speaker 2: snowy all right, no worries let's go to a really
Speaker 2: quick break on the flip side. I want to talk
Speaker 2: to you guys about a money dilemma. This week we're
Speaker 2: talking about micro investing, and then we're also going to
Speaker 2: be answering a juicy money question that you slid into
Speaker 2: our DMS about which this week we're talking about splitting
Speaker 2: finances in a relationship before having children. Don't go anywhere, guys,
Speaker 2: Welcome back everybody.
Speaker 4: Let's take a listen to this week's money dilemma.
Speaker 3: Hi.
Speaker 2: There, have you got.
Speaker 3: A money dilemma you just can't solve? The Sheese on
Speaker 3: the Money Team is here to help.
Speaker 2: Every week we tackle your dilemmas, both big and small,
Speaker 2: to answer your most burning money, career and life questions.
Speaker 2: To get involved, simply head to our website and leave
Speaker 2: us a short voice recording and you might just find
Speaker 2: yourself on the show. Now, let's take a listen to
Speaker 2: this week's money dilemma.
Speaker 8: Hi, She's on the Money Team. So I'm currently wanting
Speaker 8: to start micro investing about twenty dollars a week. And
Speaker 8: I've also heard a lot about the roundup feature on
Speaker 8: the different apps, which sounds a lot of fun. It's
Speaker 8: just very confusing with all the apps out there and
Speaker 8: the monthly plans that are pretty high in fees at
Speaker 8: the end of the day. So yeah, just wanting some
Speaker 8: advice on this and how to make sure that with
Speaker 8: such a small amount of money invested every week, I
Speaker 8: don't end up paying a lot in fees? Like how
Speaker 8: how much are we looking at? Percentage wise? If you
Speaker 8: girls could clarify that, I would be amazing. Thank you
Speaker 8: so much.
Speaker 4: So obviously we cannot give you personal advice.
Speaker 2: We can talk about the functionality of different products.
Speaker 7: Absolutely, I can talk about my experience, right Like that's not.
Speaker 2: Yeah, totally no, no, no, what do you do? Tell us?
Speaker 7: So I use Sharesy, and you guys know that they're
Speaker 7: a friend of the show. But I like them because
Speaker 7: I started off.
Speaker 4: Micro investing before I started.
Speaker 7: Investing larger amounts, and they have the roundups feature, which
Speaker 7: I really like. They have the ability for you to
Speaker 7: buy shares in the US Stock Exchange, which is something
Speaker 7: else that I really like, even though they are a
Speaker 7: platform that allows you to invest in very small amounts
Speaker 7: from as little as consent.
Speaker 2: So relevant for this episode, Jessica Ici, because what did
Speaker 2: we do right before coming to the iHeart Studios to
Speaker 2: record this. We touched the ball? Where do we do it?
Speaker 2: Wall Street? I'm officially a Wall Street girlie. I stood
Speaker 2: in front of the Wall Street Oh sorry, I stood
Speaker 2: in front of the American Stock Exchange for a good
Speaker 2: five minutes staring at it before Gabby was like, we
Speaker 2: have places to be and I was like, do not
Speaker 2: realize how iconic this moment is for me? Stop it?
Speaker 2: And she was just like, we've got to go, Like
Speaker 2: we're on a timeline. I'm like, I don't run a
Speaker 2: tight shit. We get for me, Gabby. I was trying, but.
Speaker 4: I was like, all right, we got like two minutes.
Speaker 5: And then when VCS we're running ahead of schedule, She's
Speaker 5: like this is great, Like we'll just go get a coffee.
Speaker 4: And I'm like, oh, but that will put us behind again.
Speaker 4: Let's to keep.
Speaker 2: Going victory as well. Do you just live in it? Yeah,
Speaker 2: that's true. Sorry, Sorry, sorry, back on track.
Speaker 7: Che contract. I think you definitely need to look at
Speaker 7: different platforms. I like the fact that on Chairsyas there's
Speaker 7: a few different options. You can pay like a monthly
Speaker 7: subscription that kind of covers those fees, or you can
Speaker 7: pay as you go but all of the platforms have
Speaker 7: different percentages, which is why it is so important to
Speaker 7: your own research and why we are so quick to
Speaker 7: say there's no one platform for everybody. So have a
Speaker 7: look around, have a look at the features you want,
Speaker 7: because not all of the platforms have those fun features.
Speaker 7: We've round up to something that's important to you. Make
Speaker 7: sure that that's available on whatever you want to use.
Speaker 7: But yeah, it's going to very place to place, and
Speaker 7: it really depends on if you want an easy to
Speaker 7: use app.
Speaker 2: Or if you want something really fancy.
Speaker 7: Because you want something fancy, chare Y's is very simple,
Speaker 7: which is why I chose it when I was starting out,
Speaker 7: Whereas if you want heaps of reports and big fancy things,
Speaker 7: I'm not one of those girlies.
Speaker 2: I might just keep going for both. So, as you
Speaker 2: guys know, I do invest on chair zas, but I
Speaker 2: also do love a little bit more of a complex
Speaker 2: platform sometimes just because I like the research and the insights.
Speaker 2: But she did specifically men micro investing, which I think
Speaker 2: is worth talking about because you technically micro invest Jess
Speaker 2: on the Shaza's platform, so you are taking small amounts
Speaker 2: of money and investing them with Shares's right and you
Speaker 2: use the roundup feature and it all makes sense. That
Speaker 2: feature is also on platforms like Rays and like Spaceship,
Speaker 2: which are incredibly popular within our community. However, those are
Speaker 2: more i would say true micro investing platforms where Jess,
Speaker 2: you got to pick your ETF that you're investing into.
Speaker 2: You have a lot more control over your portfolio, and
Speaker 2: it's still just as accessible as the quote micro investing apps.
Speaker 2: But I think I've said it before, I love micro
Speaker 2: investing app It's like the gate raad drug of investing
Speaker 2: because you don't feel overwhelmed when you start right, Like
Speaker 2: you can just do a few dollars here and there,
Speaker 2: you can download the app, it's all really shiny and easy. However,
Speaker 2: once you get to a solid amount of money, you
Speaker 2: find that most people want to see down their micro
Speaker 2: investing app and go over to a quote real investing
Speaker 2: app to have a bit more control because that is
Speaker 2: going to take you all the way through to retirement.
Speaker 2: So if I use you as an example, which I'm
Speaker 2: really glad I have you to use this example of
Speaker 2: you're not going to need to leave Shares's for your
Speaker 2: entire life, Like if you decided right Shares's is it.
Speaker 2: I've picked my two ETFs only No, you've got two
Speaker 2: because I look at your portfolio two, so Perby, I'm like,
Speaker 2: what what you got, Gabby? What's in there? Show me?
Speaker 2: But I think it's important to understand that a Shares's
Speaker 2: platform is a little bit more scalable, whereas something like
Speaker 2: a micro investing platform that to me is dipping your
Speaker 2: toes in the water and getting a little bit comfortable
Speaker 2: with it, and you might progress to a bigger platform.
Speaker 2: The fees should be relatively comparable in saying that you
Speaker 2: are always going to be paying more fees on lower
Speaker 2: amounts because the same transactions have to occur on a
Speaker 2: dollar versus one thousand dollars. Right, you've got your brokerage,
Speaker 2: you have transaction fees, you might have app or administration fees,
Speaker 2: and all of those things are reasonable. That's why it's
Speaker 2: probably worth jumping into our Facebook community and understanding what
Speaker 2: are other people in our community using? What apps? Could
Speaker 2: I look at? Have a look at our investing guide
Speaker 2: that's on our website, go back to our investing series
Speaker 2: that we did on the podcast a couple of months
Speaker 2: or even probably a year ago. With shares is, I
Speaker 2: think those things are really important to understand because if
Speaker 2: you want to start small, you don't necessarily just have
Speaker 2: to go for micro investing platforms anymore. But be aware
Speaker 2: that the fees at the very start are going to
Speaker 2: feel in percentage terms, a lot higher. But for me,
Speaker 2: that's an investment into your financial literacy because even if
Speaker 2: you're paying two dollars fifty a month and you're investing
Speaker 2: ten dollars that twenty five percent. That's a lot. But
Speaker 2: look what you're learning, Look what's compounding, Look where the
Speaker 2: growth is coming from, not just necessarily in terms of
Speaker 2: making money, but in terms of your growth mindset and
Speaker 2: putting you know yourself first. So when money starts to compound,
Speaker 2: you're in the best possible position, and you kind of
Speaker 2: have to start there. But once you get to having
Speaker 2: a bigger portfolio, like I know you do, Gabby, and
Speaker 2: I know you do Jess, and I'm pretty sure you
Speaker 2: do too, Brook, because you're like a little investing queen.
Speaker 2: You you're a bit of an investing bro. Though I
Speaker 2: do I don't want to talk to her on the
Speaker 2: podcast about what she invests in because she consistently offends me. However,
Speaker 2: I don't I have no money in crypto, you said
Speaker 2: the other day. I pick up on that. I thought
Speaker 2: you were serious portfolio Say, how did you pick your portfolio?
Speaker 2: Side note, I went through due diligence, like I went
Speaker 2: on many a Reddit for I'm a lover of Reddit.
Speaker 2: Oh yeah, Reddit reliable, because I want to see what
Speaker 2: everyone else is investing in.
Speaker 6: And then I actually did like weeks of research. I
Speaker 6: googled every like diversified fine ETF because I knew that
Speaker 6: was the best way to go. Yes, and then I
Speaker 6: went through and clarified what I wanted, and then I
Speaker 6: diversified again because I was panicked.
Speaker 2: I don't want to be I love this. That was
Speaker 2: a very cheese on the money answer. Thanks, Yeah, yeah, yeah,
Speaker 2: I like it. I know that Jess and Gabby are
Speaker 2: the same. But once you have those bigger portfolios, you're
Speaker 2: aiming for about one percent in fees, Like anything under
Speaker 2: one percent sligh, anything above one percent, You kind of go,
Speaker 2: what could I be doing differently? Is that the platform
Speaker 2: is that the ETF. You also have to be very
Speaker 2: aware that an ETF is going to have fees and
Speaker 2: the platform is going to have fees, so there are
Speaker 2: going to be fees coming from two places, and you
Speaker 2: need to consider that. That is not me warning you,
Speaker 2: oh my gosh, their fees, don't do it. Just be
Speaker 2: clear on what it is because obviously from little things,
Speaker 2: big things grow. You've heard this said a million times
Speaker 2: on the podcast. But I do genuinely believe that it's
Speaker 2: an investment into your education. And if you start worrying
Speaker 2: about fees really really early, like I said in my
Speaker 2: very first book, if you pay peanuts, you're going to
Speaker 2: get monkeys. So you want to be investing in something
Speaker 2: that makes sense for you, that is scalable, not necessarily
Speaker 2: going what's the cheapest option.
Speaker 5: Yeah, definitely, I think for me, like personally, I'm still
Speaker 5: in a very beginner phase of my investing journey and
Speaker 5: I would still consider myself micro investing.
Speaker 2: How are you doing that? Do you have a micro
Speaker 2: investing platform on race space?
Speaker 5: She shares E is, And I'm just investing small amounts
Speaker 5: monthly from my pay which obviously a dollar doesn't stretch
Speaker 5: as far as it did.
Speaker 2: A year ago, not in America at least, No.
Speaker 5: But like you say, V, I have found like just
Speaker 5: wrapping my head around the statements and all of that
Speaker 5: really really helpful, and I think, like you say, the
Speaker 5: education you get from doing it is really really important.
Speaker 5: And even though you don't see massive returns at one point,
Speaker 5: and I'm as page as like as it gets with investing,
Speaker 5: I'm just in ETFs, the boring ETFs.
Speaker 2: Actually that I did know that.
Speaker 5: Yeah, so I think that I'm a very basic investor.
Speaker 5: But I do think the education I'm getting from that
Speaker 5: is really really good. And I didn't know the one
Speaker 5: percent things, So I'm happy I'm sitting here and about
Speaker 5: where my fee should be going.
Speaker 2: Yeah, hold on, Sleigh, sleigh A we gotta slay out
Speaker 2: of her. Alright, I answers the question that is a
Speaker 2: ten out of ten. So we have a very spicy
Speaker 2: DM that I'm excited to get two new opinions on.
Speaker 2: Mister scree, are you ready to hear it? So here's
Speaker 2: the DM. Hi, she's on the money team. Could I
Speaker 2: please get your advice. I've been with my fiance for
Speaker 2: five years and we are starting to talk about having
Speaker 2: a family. We both earn one hundred and ten thousand
Speaker 2: dollars a year, but I have less outgoings and also
Speaker 2: receive bonuses. My issue is at current I do a
Speaker 2: majority of the cooking, the cleaning, the groceries, et cetera.
Speaker 2: But I also contribute more financially. I see where this
Speaker 2: is going. We split rent fifty to fifty, but I
Speaker 2: often pay for groceries, utilities, date nights. And when I
Speaker 2: bring it up that I'm paying for a lot of
Speaker 2: our lifestyle, my fiance doesn't agree and it becomes really awkward,
Speaker 2: so I just drop it. Now that he's wanting to
Speaker 2: discuss planning for kids, I really want to be firm
Speaker 2: that unless he can cover all of our bills with
Speaker 2: his wage, I will not be having children. I don't
Speaker 2: think it's fair that I do all of the extra
Speaker 2: work and still contribute heavily to bills. He says he
Speaker 2: is going to do as much childcare and housework as me,
Speaker 2: but based on the last three years, that just isn't true.
Speaker 2: And I'm starting to feel resentful. Please send help.
Speaker 4: I feel I don't know.
Speaker 5: No.
Speaker 2: I really want their opinions first, Jessica, because they're not
Speaker 2: say you guys, I'm ready. I think I'll start with.
Speaker 5: Mean.
Speaker 2: Yours is going to be mean? Is it's most to
Speaker 2: be honest?
Speaker 4: You're gonna have a blunt delivery. No, I can't.
Speaker 5: Empathize with this situation that much because I don't have
Speaker 5: a partner. I've never lived with a partner, but I
Speaker 5: can imagine that would be very frustrating if I was
Speaker 5: living with a man who wasn't really pulling his weight
Speaker 5: and I was contributing more financially and just to everything around.
Speaker 4: I think we're going to have just a unanimous decision here.
Speaker 2: I know where this is going.
Speaker 5: Like, I think it's very fair to not want to
Speaker 5: have children with someone who clearly isn't aligning with you
Speaker 5: in that space.
Speaker 4: And I just feel bad for her because that's.
Speaker 5: Very frustrating, especially when she's trying to communicate that to him,
Speaker 5: and it might be like talking to a bit of
Speaker 5: a brick.
Speaker 2: Wall, yep.
Speaker 6: And she's saying that she doesn't want to have kids
Speaker 6: with him if he don't want to do all these things,
Speaker 6: but she already has a child him financially she's doing
Speaker 6: is cooking and cleaning, like she already has a child.
Speaker 6: Like if your partner is not stepping up now, he's
Speaker 6: not going to step up then because it's harder than
Speaker 6: you're going to be on less sleep. So it either
Speaker 6: there needs to be something that gives like she can't
Speaker 6: do everything, She's not wonder woman.
Speaker 7: I think it depends on how important having children is
Speaker 7: to as well, because if it's something that you're desperate for,
Speaker 7: then it's it's not going to work. But if you're
Speaker 7: kind of like, oh, like, I don't mind like my
Speaker 7: lifestyle now, I'm happy with it obviously, Like, I think
Speaker 7: that you should get to a place where you feel
Speaker 7: satisfied with the amount that he's contributing. And I think
Speaker 7: that we need to remember that the household chores are
Speaker 7: a mental load. Being a stay at home parent or
Speaker 7: a stay at home partner is a full time job
Speaker 7: in and of itself. Running a household is a job.
Speaker 7: If one person is doing all of that labor and
Speaker 7: contributing more financially, that's a lot for anybody.
Speaker 2: I think I would agree. I feel like I have
Speaker 2: to play diplomat here though, and put on the table
Speaker 2: that we need to have some conversations about this.
Speaker 4: So let's be honest to be a diplomatic.
Speaker 2: Yeah, Like I mean, to me, it's a red flag
Speaker 2: if you're saying I don't want to have kids with
Speaker 2: this man, because I have been in that situation before,
Speaker 2: not with my husband, because, to be honest, I think
Speaker 2: my husband is the best thing that's ever happened in you.
Speaker 4: I don't have kids with your husband would be a
Speaker 4: bit too late.
Speaker 2: He is a bit too late, give me three months.
Speaker 2: But it's one of those things where that was what
Speaker 2: I was looking for in a partner. I was quite
Speaker 2: clear that I wanted someone who was exactly on the
Speaker 2: same page as me when it came to just life
Speaker 2: and how you divide up tasks and what you do
Speaker 2: and what that looks like. And I feel really grateful
Speaker 2: for that. But that was very intentional. It's not an
Speaker 2: accident that my husband is good at those things. I
Speaker 2: didn't train him or anything like that. I just was
Speaker 2: very attracted to somebody who was relatively self sufficient and
Speaker 2: independent and had their stuff together. But I also think
Speaker 2: if your partner's not seeing it the way you are,
Speaker 2: we need to do a bit more investigating and go, okay, well,
Speaker 2: let's not have an argument using words like Gabby, you
Speaker 2: do this is actually really aggressive. Let's take those conversations
Speaker 2: off the table and go, I just feel like this,
Speaker 2: how can we explore that a bit more? What would
Speaker 2: that mean? Like you're saying that you're doing fifty to fifty.
Speaker 2: Why do I feel that it's not? Because one thing
Speaker 2: that I have learned, and this is not a good thing. Thankfully,
Speaker 2: Steve and I don't argue too much, but I have
Speaker 2: a very deep belief that you can argue your way
Speaker 2: out of anything. Except you can't tell me how I feel.
Speaker 2: So the second I tell you how you feel, I
Speaker 2: can't be like, oh, well, Jess, if you feel left
Speaker 2: out by that, that's on you. I'm gonna have to go, oh, actually,
Speaker 2: let's do a little bit of self reflection, if that
Speaker 2: makes sense.
Speaker 4: I love when you talk psychology to me.
Speaker 2: That's really good. It's important, though, So like, maybe we
Speaker 2: can sit down, maybe we can do a budget. If
Speaker 2: you feel genuinely that you're paying more, I'm sorry, but
Speaker 2: that's actually quite black and white. You could print it
Speaker 2: out and be like, well, let's do a budget. Let's
Speaker 2: actually look at this. What does your shared finances look like?
Speaker 2: If you're saying you're paying more but he's not, maybe
Speaker 2: there's not actually a fair division. And if you're saying
Speaker 2: that this is a man that you want to have
Speaker 2: kids with, maybe we do need to talk about Okay, well,
Speaker 2: maybe we have a shared account, and you both transfer
Speaker 2: the same amount to that shared account. Still have completely
Speaker 2: separate finances, but there's an agreed amount for bills and
Speaker 2: for groceries and everything that's fifty to fifty. Maybe that
Speaker 2: will make you feel a little bit more in control.
Speaker 2: And then I think we should also talk about the
Speaker 2: division of labor, Like if we're talking about who's vacuuming
Speaker 2: and who's washing up, and what does that actually look like.
Speaker 2: I know that sometimes I go, oh my god, Jeeve
Speaker 2: never cleans the bathroom. It's the worst. Gabby's laughing because
Speaker 2: she spends a very significant amount of her time at
Speaker 2: mine house. That's me with tunnel vision, because that's just
Speaker 2: a job that I have elected to do. There's no
Speaker 2: division of labor. But Gabby Steve does everything else.
Speaker 5: See there's a yes, very domestic goddesses.
Speaker 2: He's a perfect heath husband.
Speaker 5: I think it's so hard to like track those things.
Speaker 5: Like you say, it's easy with the budgeting because you
Speaker 5: can literally sit down and go ABCD, it's black and white.
Speaker 5: But then with division of labor, it's like if someone
Speaker 5: thinks that they're doing something, it's very hard to take
Speaker 5: them out of that.
Speaker 4: And like you say you get tunnel vision.
Speaker 2: Yeah, exactly, and you might have, and I'm not saying
Speaker 2: you do it. I don't want to gaslight you into
Speaker 2: thinking that you're the problem. You are absolutely not. But
Speaker 2: like if I look at it and go, we were
Speaker 2: having a very isolated conversation and I go, oh, no,
Speaker 2: Steve never cleans the bathroom. That's kind of actually true.
Speaker 2: Does that mean that he's a bad person when it
Speaker 2: comes to division of labor? No, because everyone on my
Speaker 2: team knows he does way more than me. I've never
Speaker 2: taken out the bins. I can't remember the last time
Speaker 2: I emptied the dishwasher.
Speaker 4: I've even done those things at me.
Speaker 2: All right, moving on, But I think it's one of
Speaker 2: those things where you know, we'll sit down and have
Speaker 2: a think. Like sometimes in relationships, there might be and
Speaker 2: I don't ever want to call them boy and girl tasks,
Speaker 2: but there might be tasks that he does that he's like, no,
Speaker 2: I am, but you don't see them, and vice versa,
Speaker 2: because if he's not seeing them and you're not seeing them,
Speaker 2: maybe he doesn't see how much you're contributing. Maybe he
Speaker 2: grew up in a household where his mom did literally
Speaker 2: everything for him, and it's just something he didn't think
Speaker 2: about when it comes to doing washing or finding his
Speaker 2: undies or you know, literally doing anything of that type.
Speaker 2: So I think having a conversation about, Okay, what does
Speaker 2: division of labor look like right now? Once we get
Speaker 2: that solid, maybe we can talk about having kids, because
Speaker 2: if after that you still don't want to have kids
Speaker 2: with that man, that's a red flag.
Speaker 7: You don't want to have kids.
Speaker 2: Oh that's a different story.
Speaker 4: Let's pray.
Speaker 2: We're just assuming that she's in a position where she
Speaker 2: does want to have a baby. She just doesn't want
Speaker 2: at a baby with that man right now.
Speaker 4: I hate these dms when we're like we just need like.
Speaker 2: I always want the contracts. I'm a bad Can I.
Speaker 4: Call you get them on?
Speaker 2: Give me your goss like I need it? Oh my god?
Speaker 2: What else did he do? Does he cook dinner? What
Speaker 2: does he cook? Can he cook?
Speaker 4: It sounds like she does want to talk about kids.
Speaker 5: She does.
Speaker 4: It's so she like, like she said, she starting to
Speaker 4: resent him.
Speaker 6: It's not equal, doesn't feel like equal playing field. So
Speaker 6: she's just going to get another thing umped on her.
Speaker 2: Yeah, and tell your partners, like if they're not contributing
Speaker 2: enough tell them. Victoria said, it's very Sexy's very sexy.
Speaker 4: It's a turn on for sure, turn out of ten.
Speaker 2: All right, let's leave it there, because otherwise I will
Speaker 2: gloat way too much about my husband. We have a
Speaker 2: lot of New York to explore and spend money on.
Speaker 2: Magnolia Bakery. You better watch out. Thank you for joining us,
Speaker 2: Gabs and Brooks for having us. We're going to do
Speaker 2: another episode next week. Jess, Where from you? Orleans? All right?
Speaker 2: See you, lady. Guys, have the best weekend, and we'll
Speaker 2: see you on Monday, bright and early for a money diaries.
Speaker 2: Bye bye.
Speaker 6: She's on the Money, She's on the money.
Speaker 3: The advice shared on She's on the Money is general
Speaker 3: in nature and does not consider your individual circumstances. She's
Speaker 3: on the Money exists purely for educational purposes and should
Speaker 3: not be relied upon to make an investment or financial decision.
Speaker 3: If you do choose to buy a financial product, read
Speaker 3: the PDS TMD and obtain appropriate financial.
Speaker 2: Advice tailored towards your needs.
Speaker 3: Victoria, Divine and She's on the Money are authorized representatives
Speaker 3: of Money. Sheper Pty Ltd ABN three two one six
Speaker 3: four nine two seven seven zero eight AFSL four five
Speaker 3: one two eight nine