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Speaker 1: My name is Aatasha Bamblet. I'm a proud First Nations

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

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

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Speaker 1: yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Mbaban Gadabomba in

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Speaker 1: and now in wakah Ghana on yak rum Jar water Nadaa. Hello,

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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

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Speaker 1: We thank acknowledge and respect the Aberiginal people's land that

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Speaker 1: we're gathering on today. Take pleasure in all the land

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Speaker 1: and respect all that you see. She's on the Money

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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,

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Speaker 1: knowledge and resources for you to thrive.

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

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Speaker 2: welcome to She's on the Money, the podcast that makes

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Speaker 2: finance fun, especially on Fridays. And my friends, it is

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Speaker 2: not just any Friday. It is Boxing Day and the

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Speaker 2: last Friday of the year. So today we're going to

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Speaker 2: be throwing a little She's on the Money end of

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Speaker 2: year party to celebrate you our incredible community and that

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Speaker 2: means we are shaking it up. We are doing things

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Speaker 2: a little bit differently. I'm sorry Beck in advance, but

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Speaker 2: we are skipping the broke tips and going all in

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Speaker 2: on the celebration vibes with your biggest money wins of

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Speaker 2: the year, and we're going to be helping to answer

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Speaker 2: money dilemma. That's all about which is the better option

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Speaker 2: building a home or buying one? And something new slid

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Speaker 2: into our dms about should you get a credit card

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Speaker 2: to get you through the rest of summer? And of

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Speaker 2: course we've got our favorite end of year tradition, which

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Speaker 2: is maybe everybody else's our bluepur real.

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Speaker 3: I saw that, my.

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Speaker 2: Friends, How was your Christmas? How did you celebrate? Oh?

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Speaker 3: It was really really fun.

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Speaker 4: I just went to my mom's house as per my

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Speaker 4: mom and my three brothers and we just play games.

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Speaker 4: We tried Trivial Pursuit, which is probably the hardest game

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Speaker 4: in the world.

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Speaker 3: I was such a nerdy kid. I loved kids Trivial Pursuit.

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Speaker 2: That's the same same when we play it with my

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Speaker 2: nieces and nephews now and like I still love it.

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Speaker 2: I'm like, oh, you want to play that? That's crazy?

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Speaker 5: Yeah?

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Speaker 2: Kick your money, You're gone down. Do they play the

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Speaker 2: kids one or the red We play the kids one still,

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Speaker 2: but we have the adults one. And another game I've

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Speaker 2: been loving recently is called articulate.

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Speaker 6: I articulate, I articulate.

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Speaker 4: Yeah, but yeah with I don't think I've ever gotten

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Speaker 4: a trivial pursuit question right, really just to go back

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Speaker 4: to trivial pursuit, but articulate amazing Taboo?

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Speaker 3: Is it the one?

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Speaker 2: I love?

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Speaker 3: Taboo? Yes? So we just kind of do that. It

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Speaker 3: was it was really nice. It was a nice, wholesome time.

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Speaker 3: What about you, guys?

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Speaker 2: I love it.

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Speaker 1: I love it.

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Speaker 5: Min is good, lots of food, friends and family. The

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Speaker 5: three f's just yeah, it's I love this time of Yeah,

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Speaker 5: it's so nice. Added by Joy. I knew we've had

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Speaker 5: some good weather which has been really lovely and just

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Speaker 5: you're like soaking it all in.

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Speaker 2: Yeah, I love that. When you said the three f's,

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Speaker 2: I was like, oh, like, my three f's the food, fuel,

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Speaker 2: and fun. And then I was like, oh no, actually,

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Speaker 2: people are much cooler than I am.

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Speaker 3: That's what I think when you say the three f's

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Speaker 3: to make it festive.

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Speaker 2: Funnily enough, you started on board games, and that's what

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Speaker 2: I got for Christmas. I asked for this board game

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Speaker 2: set because I was like, oh, like, we actually just

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Speaker 2: don't have these things. Whenever friends come over, like they

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Speaker 2: might bring one. We've got like a random assortment of games.

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Speaker 2: But I wanted the classics, and I found on Amazon

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Speaker 2: that they had these like classics, but they were like

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Speaker 2: in like colored boxes that look like books.

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Speaker 3: Oh I've seen those on TikTok.

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Speaker 2: Yeah, so I got them for Christmas, and I'm so excited.

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Speaker 2: My house twenty twenty six board game house, gorgeous. Come over,

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Speaker 2: We're playing board games. Yes, the best house to be Yeah,

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Speaker 2: I just think that's really fun. So I was really

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Speaker 2: excited about that. And then obviously just like lots of food,

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Speaker 2: lots of family, like just hanging out like our Christmas

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Speaker 2: is a very chill. Yeah, we hosted so we didn't

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Speaker 2: have to go anywhere, and I love that.

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Speaker 3: For me, that's so exciting.

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Speaker 4: I do.

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Speaker 2: All right, Well, let's move on, because this is the

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Speaker 2: part of the show where I would normally share a

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Speaker 2: five star review, but because it's the end of the year,

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Speaker 2: I wanted. I guess she's on the money, rapped and

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Speaker 2: I've pulled together some stats for you guys, So move

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Speaker 2: over Spotify, We've got this. She's on the Money rapped.

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Speaker 6: Oh I love that cool.

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Speaker 2: So first I feel like this is me blowing our

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Speaker 2: own trumpet and like, really loud, are you ready? Because

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Speaker 2: of all of you, our community, I love you. She's

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Speaker 2: on the Money was the number one Australian business and

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Speaker 2: finance podcast again this year.

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Speaker 3: Oh oh yeah, isn't that crazy? We're just girls. Wow,

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Speaker 3: we just got a mind.

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Speaker 2: Blowing you guys downloaded our podcast sit Down six million,

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Speaker 2: one hundred and eighty four thousand, one hundred and fifty

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Speaker 2: eight times.

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Speaker 3: Oh my god, I can't even comprehend that. That's insane.

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Speaker 2: No, and get this, you guys listened to seventy five million,

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Speaker 2: five hundred and forty three thousand, two hundred and forty

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Speaker 2: minutes of She's on the Money in the last twelve months.

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Speaker 3: That's I don't have the words.

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Speaker 2: How is that seventy five and a half million.

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Speaker 3: That's crazy? Go wow, oh my god, that's literally that's incredible.

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Speaker 3: I wont how many times they heard the word slay.

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Speaker 2: Yeah, that's the seventy million.

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Speaker 3: Yeah yeah.

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Speaker 2: And also just the idea that that many people have

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Speaker 2: had us in their ears for that long wild which

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Speaker 2: I've done the maths equates to fifty two thousand, four

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Speaker 2: hundred and sixty one days of putting future you first.

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Speaker 6: Whoh oh, my god, Dad.

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Speaker 2: And now I've got a guessing game for you because

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Speaker 2: I've done the stats again. Ye, guys, how many years

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Speaker 2: does that equate to?

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Speaker 3: I was just thinking my brain, I wonder how many

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Speaker 3: years that is? Wait, what was the numbering?

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Speaker 2: Okay, so it was fifty two, four hundred and sixty

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Speaker 2: one days of putting future you first, three hundred and

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Speaker 2: sixty five days in a year, except every four years.

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Speaker 2: I'm going to sleeky take that into consideration.

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Speaker 6: You actually.

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Speaker 3: Ten oh wait ten ten?

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Speaker 6: It's so dumb, girl.

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Speaker 2: What No, that's why you're on as like content and

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Speaker 2: I'm on as math's girl.

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Speaker 3: I say, like one hundred and sixty Oh, she's good.

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Speaker 4: I'm going to say one hundred and seventy six.

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Speaker 2: Okay, it's one hundred and forty three seven years, So

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Speaker 2: like you, you're pretty close. Like those are pretty good guesses. Wow,

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Speaker 2: very impressed over a century of us.

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Speaker 3: Oh my god, I'm.

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Speaker 2: Lucky, unlucky for the people who have consumed that much.

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Speaker 2: I mean, you're probably in a better financial position, which

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Speaker 2: is exactly what we wanted. That's it, and sorry Spotify

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Speaker 2: for taking your wrapped But I will give you a

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Speaker 2: little bit of a shout out because Spotify also gave

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Speaker 2: us some awards In twenty five. We won the Marathon

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Speaker 2: Show Award, which means our fans listen to us ninety

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Speaker 2: nine percent more than other shows. Whoa guys like we

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Speaker 2: got a most talked About show, which means we get

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Speaker 2: ninety nine percent more comments than other shows.

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Speaker 3: And I love reading those. I read them every week.

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Speaker 2: It's like it's like we're in our dms, but getting

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Speaker 2: our dms like scar.

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Speaker 3: They want to Yeah, they're all fun and nice.

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Speaker 2: They're fun and nice, and when people aren't nice, I'm.

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Speaker 3: Like, well, why are you here?

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Speaker 6: Like, yeah, that's fair.

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Speaker 2: I will give you a refund on everything you've paid

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Speaker 2: to listen to this podcast, totally off you trot.

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Speaker 3: And then get this.

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Speaker 2: We won an award for being one of the most

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Speaker 2: shared shows, so we were shared ninety nine percent more

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Speaker 2: than other shows.

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Speaker 5: That makes my heart really happy because it makes me

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Speaker 5: think that you guys are listening and going, Wow, I

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Speaker 5: think this episode would really help somebody that I know.

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Speaker 3: And yeah, that's.

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Speaker 2: Incredible and we're so lucky because those are stats that

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Speaker 2: we can't get ourselves obviously, Like that's internal stuff from Spotify.

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Speaker 2: Like we can't compare ourselves to other podcasts because we

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Speaker 2: don't get access to their data and analytics. So it's

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Speaker 2: really special to like get that insight because I can

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Speaker 2: get the data of how many downloads we get, But like,

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Speaker 2: where does that put us on the grand scale of things?

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Speaker 2: Like wild to think that you guys Binge listen to

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Speaker 2: us so often, and I just think that.

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Speaker 3: I just am so lucky.

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Speaker 6: That is so cool.

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Speaker 2: Also, I've got some more Spotified rapped stuff because as

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Speaker 2: a podcaster, I get this cool log in to Spotify

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Speaker 2: that gives me my own podcasts rapped.

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Speaker 3: We love a little bit of data. You're ready.

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Speaker 2: Absolutely, I don't think you're going to be surprised here.

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Speaker 2: I'll give you one guess which music artist did our

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Speaker 2: community listen to the.

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Speaker 6: Most ten Swift?

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Speaker 2: Surely yeah it was Taylor Swift. And this is not

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Speaker 2: going to come as a surprise. But I also think

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Speaker 2: that if you go, oh, well, if they're listening to

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Speaker 2: she's on the money they're listening to. She's on the

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Speaker 2: money books. That is not true. The answer is not me.

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Speaker 2: But what was our community's most listened to audio.

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Speaker 4: Books Elizabeth Gilbert Love Eat Eat Pray, Eat Preyer Eat

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Speaker 4: Pray Love.

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Speaker 3: It wasn't Can I say akata. I'm just manifesting that

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Speaker 3: it's my girlies.

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Speaker 2: No, it's not like that's probably up there, but like,

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Speaker 2: these are my girlies, the self help girlies. Do you

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Speaker 2: want another guess because it's like it's a self help

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Speaker 2: ish book.

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Speaker 3: Oh, easy, easy way with Ellen Carr.

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Speaker 6: What is that Let's stop vaping book?

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Speaker 2: Oh, the stop vaping book. Understand it's not on the list,

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Speaker 2: but that's a good recommendation.

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Speaker 3: Thought going to give you a bathfoot investor, But I

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Speaker 3: don't want to say that.

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Speaker 2: I mean, you don't have to say barefoot investor because

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Speaker 2: it's let them. So it's the let them theory by

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Speaker 2: mel Robins stands.

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Speaker 3: Actually yep.

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Speaker 2: And also just to throw it out there, guys, she

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Speaker 2: is coming to tour Australia next year. She is and

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Speaker 2: my producer Emma and I, or our producer Emma and

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Speaker 2: I have been crafting little pri emails to get her

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Speaker 2: on the show. Because I just think, what an epic

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Speaker 2: opportunity to have her sit down to let them theory

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Speaker 2: and money. Oh, it would be so juicy, and I

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Speaker 2: feel like this is just a really good time for

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Speaker 2: me to be like, if you have a connection, if

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Speaker 2: you want to slide into her DMS, if you want

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Speaker 2: to hear her on She's on the Money, you could

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Speaker 2: just let her know.

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Speaker 3: Yeah, yeah, you could just let her know.

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Speaker 2: So if you would want to hear mel Robbins on

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Speaker 2: the show while she is here in twenty twenty six, I.

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Speaker 3: Don't know, help a girl out.

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Speaker 2: I just feel like that would be good content.

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Speaker 3: I couldn't agree more. And I'd love to meet her.

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Speaker 2: Oh my god, yes, sex this is very self indulgent

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Speaker 2: at the same time as in my head being really

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Speaker 2: good content. Anyway, moving on, what do you think how

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Speaker 2: most popular episodes were?

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Speaker 3: Great?

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Speaker 6: I'm thinking like investing for Kids.

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Speaker 3: Oh my gosh.

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Speaker 2: Yeah, really, well, not for kids, but investing for beginners.

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Speaker 2: Oh yes, so number one episode was investing for Beginners,

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Speaker 2: stop dreaming and start doing. In twenty twenty five, Gray

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Speaker 2: or Sick, Yeah, great, number two Number two Rich Girl

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Speaker 2: mindset of how to get it?

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Speaker 3: Yeah, we all want to be rich.

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Speaker 2: And then number three.

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Speaker 3: I want to say the first episode maybe not for

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Speaker 3: the most out, but it wasn't people listen every year.

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Speaker 2: It wasn't.

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Speaker 6: Was it any drink, No, it wasn't.

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Speaker 2: This is going to stroke a team member's ego though,

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Speaker 2: Oh it's not us. Yeah, books investing diary. Yeah, so

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Speaker 2: Brooks investing Diary. How this she's on the money team member,

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Speaker 2: built her portfolio and can retire by the age of

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Speaker 2: thirty five.

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Speaker 3: It was a goody. It was a goodie.

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Speaker 2: And then I feel like the video clips went really

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Speaker 2: viral and like it is quite crazy to think that

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Speaker 2: someone so young is building a portfolio to be able

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Speaker 2: to retire it thirty five. You go, how does that work?

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Speaker 2: And she's like, we'll sit down, I'll show you exactly

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Speaker 2: what I'm doing.

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Speaker 3: Yeah, totally.

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Speaker 2: Yeah. It just got so many good reviews, good content.

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Speaker 2: So yeah, we'll do more of that in twenty twenty six.

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Speaker 2: We do blogs every week. I know that not everybody

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Speaker 2: knows that we post blogs, but I love writing. I

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Speaker 2: don't know if you guys know. I have a whole

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Speaker 2: column in The Age and City Morning Herald, and they

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Speaker 2: let me rant every week. They give me a thousand

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Speaker 2: words to just spend and I can tell people my

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Speaker 2: thoughts and feelings. I see that we also do that internally.

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Speaker 2: So we have a blog, our most popular blog posts

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Speaker 2: on our website, and I actually have carved out the

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Speaker 2: Christmas Gift Guide because that was obviously the most of course,

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Speaker 2: because I feel like everyone's like, oh my goodness, I

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Speaker 2: need this. But our most popular blogs coming in at

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Speaker 2: number one three mortgage hacks that could save you thousands

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Speaker 2: without you giving up your daily oat latte. I felt

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Speaker 2: that was a very important.

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Speaker 3: Very brand us yep.

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Speaker 2: Number two was asking for a friend. How much does

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Speaker 2: everyone really have in super Friends the fun? Yeah, but

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Speaker 2: we also use our community data, so we always dive

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Speaker 2: into well, this is how much our community has. And

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Speaker 2: number three was the best high interest savings accounts in

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Speaker 2: Australia right now. Yes, with all of the hoops, explained

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Speaker 2: that that was.

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Speaker 3: Just no Jess's read it.

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Speaker 2: We greing back and forth like that blog was like

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Speaker 2: I would say, a team effort, because not only did

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Speaker 2: we have to like write a blog, but we had

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Speaker 2: to do the research. We had to do this whole

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Speaker 2: damn spreadsheet. I just I was like, I'm not having

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Speaker 2: people coming back to me and go Victoria, Are they

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Speaker 2: just like the best high interest savings accounts you can

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Speaker 2: find on Google?

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Speaker 7: No?

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Speaker 4: No, like asked Jess, the spreadsheet was extensive. I'm just

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Speaker 4: more impressive. You guys, remember, because you do them all

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Speaker 4: the time.

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Speaker 2: I would be like, I think it was trauma.

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Speaker 5: Certain things just stick in your mind. You associate with

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Speaker 5: them with something. I'm glad that that one did well.

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Speaker 2: Not like none of those were sponsored. They were blogs

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Speaker 2: that we were like, let's do the best high interest

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Speaker 2: savings accounts in Australia right now. And it was really

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Speaker 2: fun because we'd come up with like new banks or

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Speaker 2: like find other things. And then unfortunately I make the

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Speaker 2: team read the pds. I'm like, you can't just like

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Speaker 2: look at their website marketing. That's where the trauma I

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Speaker 2: think comes for Jess and George and Brook consider. Anyway,

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Speaker 2: I'm going to make sure that all of those are

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Speaker 2: linked in the show notes for you. So if you

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Speaker 2: missed them, and you'll but they were the top ones,

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Speaker 2: you're not going to chase them for very long. Now,

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Speaker 2: let's move into the money wins of the year and

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Speaker 2: the things our community are most proud of. So we

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Speaker 2: asked our community what their biggest money wins of twenty

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Speaker 2: twenty five were and what they were most proud of,

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Speaker 2: But before we share them, I wanted to ask the

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Speaker 2: same thing for our question of the week, so I'm

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Speaker 2: not giving that to the community. What are you most

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Speaker 2: proud of in twenty twenty five, Jessica Rici.

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Speaker 3: I don't think anyone's going to be surprised at all.

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Speaker 3: I'm proud that I'm building a house.

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Speaker 2: Yeah, ex she earns it woo. You know, it's a

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Speaker 2: feeling that wasn't meant to be condescending, I promised, but

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Speaker 2: like that is so slay.

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Speaker 3: Yeah, I could not be more thrilled to be in debt.

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Speaker 3: That's been a long time coming.

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Speaker 5: As everybody knows, it's been quite the journey, and I'm

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Speaker 5: just really happy that the process is going and I'm

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Speaker 5: so excited about the fact that I'm building what will

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Speaker 5: be your home.

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Speaker 2: That's crazy, that's so exciting, and I just love that.

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Speaker 2: I know you wanted to buy something pre established, but

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Speaker 2: now we're going through I say weep because I feel

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Speaker 2: like I get to join. We're going through the process

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Speaker 2: of like just picking out all of her like designs

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Speaker 2: and like the tiles in the bathroom and the kitchen,

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Speaker 2: and I'm just like, this is going to be the

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Speaker 2: most Jess house ever.

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Speaker 3: There's going to be lots of pink.

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Speaker 2: There's so much pink, so much peach, there's so much pink.

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Speaker 2: I'm just so excited about it.

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Speaker 3: I couldn't fear. I'm over the moon.

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Speaker 5: Honestly, anytime I think about it, I just like, right now,

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Speaker 5: if you get through there, I'm like beating I just yeah,

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Speaker 5: it's so exciting.

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Speaker 2: It's so so nice.

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Speaker 6: Yes, and so so cute.

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Speaker 2: Misspects sayed, what are you most proud of?

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Speaker 4: Honestly, I was going to say, there's no like moment

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Speaker 4: that sticks out for me, but I think that I

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Speaker 4: am genuinely proud of the fact that I do live

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Speaker 4: paycheck to paycheck, but somehow I've managed to keep my

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Speaker 4: share house alive. I've managed to do all the things

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Speaker 4: I need to do and staying happy and staying free.

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Speaker 4: So I am just really proud that I'm not rich,

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Speaker 4: but I'm really making it, and I'm I'm very happy

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Speaker 4: about that.

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Speaker 2: Maybe twenty twenty six will be the year that Beck

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Speaker 2: finally lets me do her cash flow system and then

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Speaker 2: implements it.

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Speaker 3: That's the hard part.

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Speaker 6: It's the hard part, that's the harbor.

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Speaker 2: You're an investor, You've been an investor for more than

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Speaker 2: twelve months now, and I just feel like that level

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Speaker 2: of security probably really helps as well. Absolutely, what are

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Speaker 2: you most proud of this? Yeh? I wish I could

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Speaker 2: be like, Oh, I had this big thing that I did.

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Speaker 2: I think it's just the community. I feel like our

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Speaker 2: community has come together more this year than ever before.

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Speaker 2: I feel like we are lifting each other up. And

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Speaker 2: it sounds so fluffy, but when I was thinking about it,

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Speaker 2: I was like, it's literally just that vibe of like

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Speaker 2: the community coming together. And I think because we've been

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Speaker 2: around for so long, I'm now seeing more stories come

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Speaker 2: out where they're really big, big wins. So like, I'll

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Speaker 2: get messages now every week of people not just going

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Speaker 2: thanks so much. You helped me with my budget and

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Speaker 2: cash flow, which you know in year one we definitely got.

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Speaker 2: But people are changing their entire lives or have changed

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Speaker 2: their lives, or they're graduating a unique course they didn't

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Speaker 2: think that they could have done without us hyping them up.

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Speaker 2: Or they've bought their first home and they started in

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Speaker 2: debt and it's taken five years, but they're still on

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Speaker 2: the journey with us, and it's just so special to

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Speaker 2: know that our community are so successful. Like that's really

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Speaker 2: really cool. I think from a like a personal perspective,

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Speaker 2: my husband and I bought our I don't know, our

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Speaker 2: forever home this year, which was like the biggest thing ever.

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Speaker 2: And I've you know, I don't want to talk about

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Speaker 2: it heaps and heaps because I know that we're in

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Speaker 2: a very privileged position, but I also just go, this

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Speaker 2: house to me was something that I could never have comprehended.

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Speaker 2: Like I did not think that that was ever going

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Speaker 2: to be our reality. And I have worked really hard,

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Speaker 2: and like I don't want to downplay it, like that's

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Speaker 2: where it came from. It came from hard work, It

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Speaker 2: came from you know, all of the tears, all of

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Speaker 2: the sacrifice, all of the everything. But like, what do

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Speaker 2: you mean I got to purchase my dream home, So

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Speaker 2: that for us is really cool and just the idea

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Speaker 2: that you know, this is the home that Harvey's going

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Speaker 2: to grow up in. I just go, what, like, this

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Speaker 2: is the home I'll bring other children home to?

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Speaker 3: What Like that's so cool?

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Speaker 2: That's just cool for me, and I think that stability

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Speaker 2: is something I've always wanted to achieve for my children.

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Speaker 2: So yeah, bit fluffy, but also like a guess community,

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Speaker 2: and I bought a cool house for everybody. I say,

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Speaker 2: oh god, absolutely, cheese. You have gone through and done

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Speaker 2: a fair bit of work to pull out what we

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Speaker 2: think are some pretty big annual money wins.

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Speaker 3: What have you got alrighty?

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Speaker 5: Firstly, I've got one from Georgia, who said she started

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Speaker 5: the yart with twenty five thousand dollars down from forty

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Speaker 5: nine left to pay on her consumer debt. She's now

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Speaker 5: sixteen k in the green, including a five thousand dollar

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Speaker 5: emergency fund, and completely debt free.

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Speaker 3: Oh my gosh. She said her credit score is the

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Speaker 3: best it's been in five years.

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Speaker 6: Amazing.

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Speaker 3: How incredible is that?

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Speaker 2: That's so much money? That's so much my sorry sorry sorry,

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Speaker 2: So she started that she's doing more than one thousand

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Speaker 2: dollars a month to smash that out yep, and build

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Speaker 2: her Now that's more than two and a half grand

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Speaker 2: a month.

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Speaker 3: Yeah, wild Georgia.

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Speaker 5: Next, Rihanna said her biggest money win of twenty twenty

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Speaker 5: five was getting a promotion at work through self advocacy,

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Speaker 5: building her personal brand, networking with colleagues, and putting herself

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Speaker 5: in situations outside of her comfort zone. She said she

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Speaker 5: knows that she will continue to capitalize on these skills

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Speaker 5: into the future as well.

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Speaker 3: Good on you.

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Speaker 5: Then I've got one from Zoe Marie, who said she

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Speaker 5: refinanced her home loan at the twelve month mark to

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Speaker 5: her everyday bank so she could maximize the offsets, paired

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Speaker 5: with a few interest cuts that we've obviously had, and

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Speaker 5: now she's technically paying over one thousand dollars less per month,

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Speaker 5: but they're still paying additional funds to try and bring.

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Speaker 3: The term of the loan down. Gotcha.

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Speaker 6: I love that.

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Speaker 5: So that's great, very clever queen, paying the same amount,

443
00:19:38,320 --> 00:19:42,200
Speaker 5: paying it down faster. Much incredible work. Next, Sarah said

444
00:19:42,200 --> 00:19:44,560
Speaker 5: her biggest money win was double checking her income tax

445
00:19:44,640 --> 00:19:47,159
Speaker 5: and super by doing her due diligence and reading up

446
00:19:47,200 --> 00:19:50,480
Speaker 5: on policies and pay scales, plus a few confident discussions,

447
00:19:50,560 --> 00:19:53,320
Speaker 5: meant she received thousands in what she was owed and

448
00:19:53,400 --> 00:19:56,159
Speaker 5: that had been mistakenly missed on payroll and may have never.

449
00:19:56,080 --> 00:19:56,600
Speaker 3: Been picked up on.

450
00:19:56,800 --> 00:19:58,640
Speaker 2: Oh my god, wow, that's so good.

451
00:19:58,760 --> 00:20:03,360
Speaker 5: Always cross checked, totally that's the dream, genuinely. Next, Katrina

452
00:20:03,440 --> 00:20:05,760
Speaker 5: said that she has paid off her mortgage in twenty twenty.

453
00:20:05,800 --> 00:20:07,280
Speaker 2: Sorry the whole mortgage.

454
00:20:07,400 --> 00:20:08,920
Speaker 3: The whole mortgage cool.

455
00:20:09,400 --> 00:20:11,840
Speaker 5: She says, we changed the way we divided our money

456
00:20:11,880 --> 00:20:13,840
Speaker 5: into our accounts and it has changed our life. I

457
00:20:13,960 --> 00:20:16,840
Speaker 5: learned that prioritizing paying off the mortgage is exhausting, So

458
00:20:17,000 --> 00:20:17,520
Speaker 5: make sure you.

459
00:20:17,560 --> 00:20:20,080
Speaker 3: Reward yourself occasionally. Yeah, it would be you think is

460
00:20:20,119 --> 00:20:20,920
Speaker 3: a really great tip.

461
00:20:21,000 --> 00:20:21,400
Speaker 2: Totally.

462
00:20:21,960 --> 00:20:24,239
Speaker 5: Next, Sarah said using little ty cards throughout the year

463
00:20:24,280 --> 00:20:26,480
Speaker 5: and saving them up for hard times. She's been living

464
00:20:26,600 --> 00:20:28,520
Speaker 5: on them for a month and it's been hard as

465
00:20:28,560 --> 00:20:31,119
Speaker 5: she's moving into a new house, and it's meant she

466
00:20:31,280 --> 00:20:34,320
Speaker 5: can save where she can adore pass you set up

467
00:20:34,320 --> 00:20:36,879
Speaker 5: future you incredible work. And then lastly, I'm going to

468
00:20:36,960 --> 00:20:39,600
Speaker 5: do one this year from Talia, who said she graduated

469
00:20:39,720 --> 00:20:43,119
Speaker 5: university set herself a long term money goal because she

470
00:20:43,200 --> 00:20:45,760
Speaker 5: wants to have investments equal to her HEX balance before

471
00:20:45,800 --> 00:20:48,160
Speaker 5: she starts a family and has to take parental leave.

472
00:20:48,720 --> 00:20:51,680
Speaker 5: She said it took seven years, but with the twenty

473
00:20:51,720 --> 00:20:55,280
Speaker 5: percent cut applied and her most recent small chunk invested,

474
00:20:55,400 --> 00:20:59,040
Speaker 5: her portfolio balance is now greater than her HEX balance.

475
00:20:59,440 --> 00:21:01,560
Speaker 5: She said, what's more exciting than that my little one

476
00:21:01,640 --> 00:21:06,840
Speaker 5: is due in eight weeks? Spertulations, Tarlia, that's amazing.

477
00:21:07,240 --> 00:21:07,639
Speaker 1: Stop it.

478
00:21:07,840 --> 00:21:10,960
Speaker 2: I absolutely love that. Ah. I love our community so

479
00:21:11,080 --> 00:21:12,800
Speaker 2: much it makes me want to scream, Like I just

480
00:21:13,520 --> 00:21:16,760
Speaker 2: I'm so ridiculously proud of everyone in there. It doesn't

481
00:21:16,760 --> 00:21:18,800
Speaker 2: matter if you you know, we're just looking at cutting

482
00:21:18,840 --> 00:21:20,840
Speaker 2: down your after pay or you paid off your mortgage like,

483
00:21:20,840 --> 00:21:23,200
Speaker 2: I don't care. I'm equally excited about all of those.

484
00:21:23,440 --> 00:21:25,200
Speaker 3: Yes, you guys are incredible.

485
00:21:25,359 --> 00:21:27,200
Speaker 2: All right, let's go to a really quick break and

486
00:21:27,320 --> 00:21:29,440
Speaker 2: on the flip side, we are diving even deeper. We

487
00:21:29,520 --> 00:21:31,640
Speaker 2: are going to be talking about which is a better option.

488
00:21:31,800 --> 00:21:33,639
Speaker 2: Are we going to be building a home or are

489
00:21:33,720 --> 00:21:37,080
Speaker 2: we buying one? And something we slid into our dms

490
00:21:37,119 --> 00:21:39,200
Speaker 2: about should I be getting a credit card to be

491
00:21:39,280 --> 00:21:40,879
Speaker 2: getting through the rest of this summer?

492
00:21:41,240 --> 00:21:41,560
Speaker 1: Mm?

493
00:21:41,880 --> 00:21:44,320
Speaker 5: Spoiler, I wonder what Victoria thinks. Anyway, Let's go to

494
00:21:44,400 --> 00:21:50,879
Speaker 5: a break. Welcome back, everybody. Let's take a listen to

495
00:21:50,960 --> 00:21:52,120
Speaker 5: this week's money dilemma.

496
00:21:54,200 --> 00:21:56,560
Speaker 7: Hi, there, have you got a money dilemma you just

497
00:21:56,640 --> 00:21:59,120
Speaker 7: can't solve? The Sheese on the Money team is here

498
00:21:59,200 --> 00:22:02,400
Speaker 7: to help. Every week we tackle your dilemmas, both big

499
00:22:02,480 --> 00:22:05,159
Speaker 7: and small, to answer your most burning money, career and

500
00:22:05,240 --> 00:22:08,400
Speaker 7: life questions. To get involved, simply head to our website

501
00:22:08,440 --> 00:22:10,520
Speaker 7: and leave us a short voice recording and you might

502
00:22:10,640 --> 00:22:11,880
Speaker 7: just find yourself on the show.

503
00:22:12,320 --> 00:22:14,960
Speaker 2: Now, let's take a listen to this week's money Dilemma.

504
00:22:17,480 --> 00:22:20,560
Speaker 3: Hello, SotM Squad, Happy Friday.

505
00:22:20,640 --> 00:22:22,879
Speaker 8: I'm in the middle of listening to twenty of the episodes, actually,

506
00:22:23,280 --> 00:22:25,680
Speaker 8: but I have a dilemma or a question, so to speak,

507
00:22:25,720 --> 00:22:29,240
Speaker 8: about building versus buying. This year, me and my partner

508
00:22:29,280 --> 00:22:33,360
Speaker 8: bought our first house, a townhouse, and we are well

509
00:22:33,400 --> 00:22:36,160
Speaker 8: and truly on the way of looking what the next

510
00:22:36,240 --> 00:22:39,240
Speaker 8: house looks like for our family home. And I work

511
00:22:39,240 --> 00:22:41,520
Speaker 8: at a bank in the construction lending sector, and right

512
00:22:41,560 --> 00:22:44,520
Speaker 8: now it's proving true that building is going to be

513
00:22:44,560 --> 00:22:47,280
Speaker 8: a lot cheaper than it is buying, and that might

514
00:22:47,440 --> 00:22:50,359
Speaker 8: change obviously in the next like one to five years.

515
00:22:50,960 --> 00:22:53,639
Speaker 8: But I'm curious to know what your thoughts are on

516
00:22:53,920 --> 00:22:57,800
Speaker 8: buying versus building. Thank you well.

517
00:22:57,960 --> 00:23:01,040
Speaker 5: I had this exact situation this year myself, so I

518
00:23:01,119 --> 00:23:04,119
Speaker 5: feel you tell me kind of qualified. I had a

519
00:23:04,200 --> 00:23:06,480
Speaker 5: very similar situation to our listener in that I was

520
00:23:06,560 --> 00:23:10,320
Speaker 5: just finding that everything that was established was so expensive

521
00:23:10,840 --> 00:23:14,320
Speaker 5: to the point where prices were being pushed up beyond

522
00:23:14,440 --> 00:23:16,800
Speaker 5: what I felt was reasonable for them, like you would

523
00:23:16,800 --> 00:23:20,199
Speaker 5: be overpaying in my opinion. Now I'm obviously going through

524
00:23:20,240 --> 00:23:23,720
Speaker 5: the building process. I'm still in very early days, but

525
00:23:24,080 --> 00:23:26,159
Speaker 5: I think it's been a fantastic decision for me. I

526
00:23:26,240 --> 00:23:29,600
Speaker 5: think the really fun thing, especially if you're someone who's particular,

527
00:23:30,119 --> 00:23:32,359
Speaker 5: is when you build, like all of that control sits

528
00:23:32,400 --> 00:23:34,680
Speaker 5: with you, so you get to pick, as Victoria was

529
00:23:34,720 --> 00:23:37,399
Speaker 5: saying earlier, like all of your tiles, your wall color,

530
00:23:37,560 --> 00:23:40,200
Speaker 5: like all these different fun things. And I think that

531
00:23:40,320 --> 00:23:42,879
Speaker 5: that is a really exciting thing to me, Like it's

532
00:23:42,920 --> 00:23:44,919
Speaker 5: something that I've really enjoyed. It has been a bit

533
00:23:44,960 --> 00:23:48,200
Speaker 5: of an arduous process, but it's been really fun. The

534
00:23:48,320 --> 00:23:51,000
Speaker 5: other thing is, and I guess because you guys already

535
00:23:51,080 --> 00:23:54,040
Speaker 5: have your property, it's probably not as applicable to use

536
00:23:54,080 --> 00:23:54,560
Speaker 5: it was to me.

537
00:23:55,040 --> 00:23:55,720
Speaker 3: But building a.

538
00:23:55,760 --> 00:23:58,240
Speaker 5: Home meant that I was able to take advantage of

539
00:23:58,280 --> 00:24:00,240
Speaker 5: a lot of grants and schemes that I wouldn't have

540
00:24:00,400 --> 00:24:04,640
Speaker 5: qualified for had I purchased established. So, like the first

541
00:24:04,680 --> 00:24:08,320
Speaker 5: home owners grant the stamp duty exemption because of the

542
00:24:08,680 --> 00:24:11,720
Speaker 5: cost of buying established homes, I would have capped out

543
00:24:11,760 --> 00:24:15,080
Speaker 5: on that, whereas if you're buying land and then building

544
00:24:15,119 --> 00:24:17,560
Speaker 5: a home on it, the assessment is done on the

545
00:24:17,680 --> 00:24:19,879
Speaker 5: value of the land at the time that you purchase it,

546
00:24:20,080 --> 00:24:23,600
Speaker 5: which is often like half ish of your total cost,

547
00:24:24,320 --> 00:24:27,280
Speaker 5: And so like that saved me. I believe, like thirty

548
00:24:27,359 --> 00:24:29,879
Speaker 5: plus thousand dollars is stamp duty. I'm with your Victoria

549
00:24:29,920 --> 00:24:30,879
Speaker 5: because she knows the numbers.

550
00:24:31,320 --> 00:24:35,280
Speaker 2: I'm yeah, I went through her numbers. Yep, everything she

551
00:24:35,320 --> 00:24:38,040
Speaker 2: has said so far. Yes, yeah, there were huge things

552
00:24:38,080 --> 00:24:38,240
Speaker 2: to me.

553
00:24:38,400 --> 00:24:40,560
Speaker 5: Obviously for you that might not be the case because

554
00:24:40,560 --> 00:24:43,399
Speaker 5: you've already bought a home. But I think I'm a

555
00:24:43,480 --> 00:24:45,480
Speaker 5: big fan of the process of building. Heaps of people

556
00:24:45,600 --> 00:24:48,240
Speaker 5: said to me over the years, Oh, I wouldn't build

557
00:24:48,359 --> 00:24:50,359
Speaker 5: your first home, and now that I'm doing it, I

558
00:24:50,400 --> 00:24:52,880
Speaker 5: don't really understand why they said that, Like maybe.

559
00:24:52,880 --> 00:24:54,720
Speaker 2: A building not to be rude. Yeah, it's like when

560
00:24:54,760 --> 00:24:57,119
Speaker 2: people are like, how hard could parenting be? True when

561
00:24:57,119 --> 00:25:00,159
Speaker 2: they're not parents, and I go, you sit down, you

562
00:25:00,280 --> 00:25:02,600
Speaker 2: just wait. People say things like, oh my god, I

563
00:25:02,600 --> 00:25:05,120
Speaker 2: would never let my kid. No, sorry, you can't say

564
00:25:05,240 --> 00:25:09,520
Speaker 2: you can't take a Yeah, like, don't get me wrong.

565
00:25:09,600 --> 00:25:12,760
Speaker 2: You might have a very smooth process and I'm manifesting

566
00:25:12,840 --> 00:25:18,119
Speaker 2: that very hard. But yeah, yeah, sorry to cut you off.

567
00:25:18,160 --> 00:25:18,840
Speaker 3: Tell me your thoughts.

568
00:25:19,160 --> 00:25:23,439
Speaker 2: Okay, So when it comes to building versus buying on paper,

569
00:25:23,520 --> 00:25:28,000
Speaker 2: building is going to look cheaper, that doesn't mean it is.

570
00:25:28,320 --> 00:25:29,840
Speaker 2: I think we need to look at the season and

571
00:25:29,880 --> 00:25:32,280
Speaker 2: of our lives. And you know, to flip this, we

572
00:25:32,359 --> 00:25:35,560
Speaker 2: didn't build, but my husband and I purchased our first

573
00:25:35,680 --> 00:25:38,800
Speaker 2: home with the intention of significantly renovating it, and we

574
00:25:38,880 --> 00:25:41,080
Speaker 2: did and we sold it and like it all came

575
00:25:41,160 --> 00:25:43,280
Speaker 2: out in the wash. When I say it all came

576
00:25:43,320 --> 00:25:45,960
Speaker 2: out in the wash, it was a chaotic process, like Jess,

577
00:25:46,000 --> 00:25:49,080
Speaker 2: you remember my chaos period. And I can't tell you

578
00:25:49,280 --> 00:25:52,439
Speaker 2: if that was all the builder's fault. Terrible builder, by

579
00:25:52,480 --> 00:25:55,399
Speaker 2: the way, sorry, not builder, terrible project manager. The builder

580
00:25:55,480 --> 00:25:59,400
Speaker 2: was delightful, terrible project manager. It wasn't me, by the way.

581
00:25:59,400 --> 00:26:02,560
Speaker 2: I didn't like if I had, it would have been

582
00:26:02,640 --> 00:26:06,040
Speaker 2: just as bad. Anyway. That process meant that we thought

583
00:26:06,080 --> 00:26:08,080
Speaker 2: we would have ended up walking away with a bigger

584
00:26:08,119 --> 00:26:09,880
Speaker 2: profit on the house when we sold it, and that's

585
00:26:09,960 --> 00:26:12,720
Speaker 2: just not the reality of the situation. Absolutely fine, because

586
00:26:12,720 --> 00:26:15,119
Speaker 2: that's not what you're checking in with my husband, and

587
00:26:15,160 --> 00:26:18,320
Speaker 2: I decided that building wasn't for us because it really

588
00:26:18,400 --> 00:26:20,720
Speaker 2: depends on where you're building what you're looking at, Like

589
00:26:21,800 --> 00:26:23,600
Speaker 2: Jess is building in an area that has a lot

590
00:26:23,640 --> 00:26:25,040
Speaker 2: of construction already, and you're.

591
00:26:24,920 --> 00:26:26,040
Speaker 3: Going to go in availability.

592
00:26:26,119 --> 00:26:28,680
Speaker 2: Yeah, you're going to go with a house on land package.

593
00:26:29,080 --> 00:26:31,560
Speaker 2: So for me to build any area that I would

594
00:26:31,560 --> 00:26:34,320
Speaker 2: have wanted to build in, it would have meant there's

595
00:26:34,359 --> 00:26:36,639
Speaker 2: no empty blocks of land. It would have meant a

596
00:26:37,080 --> 00:26:40,160
Speaker 2: buy a house, demo a house, rebuild a house, which

597
00:26:40,240 --> 00:26:42,840
Speaker 2: is going to have a lot more costs associated with it,

598
00:26:42,960 --> 00:26:45,480
Speaker 2: not just because of demolition, but because it's out of

599
00:26:45,600 --> 00:26:47,720
Speaker 2: the area that most of the builders are working in.

600
00:26:48,119 --> 00:26:50,520
Speaker 2: So Jess is going to get more preferable rates because

601
00:26:50,560 --> 00:26:52,680
Speaker 2: they're also building three houses down the street that have

602
00:26:52,840 --> 00:26:54,800
Speaker 2: very similar fittings and fixtures and they can kind of

603
00:26:54,880 --> 00:26:57,760
Speaker 2: keep things on a similar timeframe. There's a lot to it.

604
00:26:58,600 --> 00:27:00,879
Speaker 2: It also depends if you've entered into a fixed rate

605
00:27:00,920 --> 00:27:04,520
Speaker 2: building contract versus a not fixed rate building contract. And

606
00:27:04,680 --> 00:27:06,840
Speaker 2: as we're probably I don't know if you guys are watching,

607
00:27:06,960 --> 00:27:10,840
Speaker 2: but like mining is getting more expensive, minerals are getting

608
00:27:10,880 --> 00:27:14,200
Speaker 2: more expensive, iron ore is getting more expensive, and for this,

609
00:27:14,359 --> 00:27:16,399
Speaker 2: it means that lots of people's budgets are being blown

610
00:27:16,440 --> 00:27:20,159
Speaker 2: because they're like, oh, well, you know, these these floorboards

611
00:27:20,359 --> 00:27:23,080
Speaker 2: were fifty dollars a square meter, they're now sixty dollars

612
00:27:23,119 --> 00:27:25,400
Speaker 2: a square meter, and you think ten bucks here and there,

613
00:27:25,440 --> 00:27:28,719
Speaker 2: what's the difference. But this stuff adds up. And then

614
00:27:28,800 --> 00:27:32,040
Speaker 2: it's also the delays. So Jess is in a perfect

615
00:27:32,080 --> 00:27:35,440
Speaker 2: position from my perspective. She's got a rental property that

616
00:27:35,520 --> 00:27:37,120
Speaker 2: she can live in. You could go month to month

617
00:27:37,160 --> 00:27:40,480
Speaker 2: if they kept pushing it out and make it work

618
00:27:40,520 --> 00:27:42,320
Speaker 2: for you. But there's a lot of people who will

619
00:27:42,359 --> 00:27:45,360
Speaker 2: build and then go home moving with mum and dad

620
00:27:45,440 --> 00:27:46,960
Speaker 2: for the six months they say it takes, then it

621
00:27:47,040 --> 00:27:49,679
Speaker 2: takes twelve, or they have to keep renting and paying

622
00:27:49,840 --> 00:27:52,640
Speaker 2: the mortgage on the land. Look, there's just a lot

623
00:27:52,720 --> 00:27:54,879
Speaker 2: to go through. So I don't think that there is

624
00:27:54,920 --> 00:27:56,680
Speaker 2: a right or a wrong. But I think it's about

625
00:27:56,760 --> 00:27:59,840
Speaker 2: deep diving because like, I wouldn't do it in my area,

626
00:28:00,119 --> 00:28:01,800
Speaker 2: but I did the numbers for Jests and I was like, yes,

627
00:28:01,920 --> 00:28:04,760
Speaker 2: dive in Like that sounds fantastic, Like you know, she'd

628
00:28:04,760 --> 00:28:06,920
Speaker 2: already done the research before she even bought the house

629
00:28:06,960 --> 00:28:08,840
Speaker 2: on the type of builder she'd use, how much the

630
00:28:08,920 --> 00:28:11,560
Speaker 2: type of house she would want to purchase would cost,

631
00:28:11,640 --> 00:28:14,280
Speaker 2: what the upgrades would look like, what upgrades she could afford,

632
00:28:14,400 --> 00:28:17,720
Speaker 2: versus not like just went deep. That's what I want

633
00:28:17,760 --> 00:28:19,200
Speaker 2: you to do if you're going to be doing that,

634
00:28:19,800 --> 00:28:21,840
Speaker 2: whereas I went deep on mine, and I was just like,

635
00:28:21,960 --> 00:28:24,240
Speaker 2: my goodness, Like this is crazy.

636
00:28:25,640 --> 00:28:25,800
Speaker 8: You know.

637
00:28:26,320 --> 00:28:28,560
Speaker 2: I don't want to scare people, but like I have

638
00:28:28,680 --> 00:28:30,480
Speaker 2: a neighbor down the road for me who did the

639
00:28:30,600 --> 00:28:34,000
Speaker 2: knockdown rebuild. Their house is going to be beautiful. They're

640
00:28:34,000 --> 00:28:35,520
Speaker 2: already fifty percent over budget.

641
00:28:35,720 --> 00:28:36,840
Speaker 3: That's crazy.

642
00:28:37,359 --> 00:28:39,240
Speaker 2: And like once you get there, what do you do?

643
00:28:39,600 --> 00:28:42,600
Speaker 2: Just stop building the house? Yeah, you see, So you

644
00:28:42,760 --> 00:28:45,000
Speaker 2: have to make sure that you know what you're up

645
00:28:45,080 --> 00:28:47,719
Speaker 2: against when it comes to building, Like, yes, you might

646
00:28:47,840 --> 00:28:51,880
Speaker 2: save on stamp duty, but like, what does the timeframe

647
00:28:51,920 --> 00:28:55,560
Speaker 2: look like? And I feel like yours is very predictable, Jess, Yeah,

648
00:28:55,680 --> 00:28:58,200
Speaker 2: because of the style of house, the location, et cetera.

649
00:28:58,560 --> 00:28:59,440
Speaker 3: Build her and stuff too.

650
00:28:59,560 --> 00:29:02,960
Speaker 2: Exactly exactly, Whereas if we had done it, we could

651
00:29:02,960 --> 00:29:05,080
Speaker 2: have gone through a volume builder. But because it's so

652
00:29:05,440 --> 00:29:07,200
Speaker 2: out of the way of every other house they're building,

653
00:29:07,280 --> 00:29:09,280
Speaker 2: we would be the ones that would be left lagging

654
00:29:09,360 --> 00:29:11,400
Speaker 2: while they prioritize getting a bulk lot done.

655
00:29:11,600 --> 00:29:14,240
Speaker 5: Yeah. The other thing I would say, sorry, you remind

656
00:29:14,280 --> 00:29:15,680
Speaker 5: me of something very good. I so about this in

657
00:29:15,720 --> 00:29:17,800
Speaker 5: a YouTube view. The costs that you look at for

658
00:29:17,880 --> 00:29:20,520
Speaker 5: houses online are so not even remotely close to the

659
00:29:20,560 --> 00:29:21,280
Speaker 5: final costion there.

660
00:29:21,400 --> 00:29:23,240
Speaker 2: It's crazy. They'll give you the budget version.

661
00:29:23,360 --> 00:29:25,320
Speaker 5: Yeah, and it's like you have to factor in upgrades,

662
00:29:25,760 --> 00:29:28,080
Speaker 5: site costs, which will vary depending on where your land is,

663
00:29:28,480 --> 00:29:31,920
Speaker 5: the cost putting appliances, driveway, your driving's.

664
00:29:31,600 --> 00:29:33,800
Speaker 3: Not included, fend, things not included. There are lots of

665
00:29:33,880 --> 00:29:34,400
Speaker 3: things like that.

666
00:29:34,720 --> 00:29:36,480
Speaker 5: That you need to factor in that will be on

667
00:29:36,680 --> 00:29:39,240
Speaker 5: top of whatever those listed prices are online.

668
00:29:39,480 --> 00:29:41,680
Speaker 2: So you go, great, that's the house, and they're like, yeah,

669
00:29:41,720 --> 00:29:42,680
Speaker 2: the shell of the house.

670
00:29:42,760 --> 00:29:44,640
Speaker 6: Huh, yeah, that's so mean.

671
00:29:44,840 --> 00:29:45,680
Speaker 3: Yeah it is.

672
00:29:45,840 --> 00:29:48,440
Speaker 2: But then there's just such variance between what you do.

673
00:29:48,720 --> 00:29:51,160
Speaker 2: Like Jess will go in right, so she's picked her

674
00:29:51,320 --> 00:29:53,040
Speaker 2: like shell of her house. And now we're going in

675
00:29:53,080 --> 00:29:55,520
Speaker 2: and we're looking at the kitchen. Do you want marble

676
00:29:55,640 --> 00:29:58,640
Speaker 2: bench tops? I do need it, yes, but like some

677
00:29:58,720 --> 00:30:00,800
Speaker 2: people would not want that out. Yeah, that's going to

678
00:30:00,840 --> 00:30:03,760
Speaker 2: cost you between ten and thirty thousand dollars yep, and

679
00:30:03,840 --> 00:30:06,720
Speaker 2: that's another cost to be added. Great, what types of

680
00:30:06,800 --> 00:30:08,720
Speaker 2: appliances are you putting in? Are you just putting in

681
00:30:08,800 --> 00:30:12,080
Speaker 2: the most basic or are you like, no, massive cook,

682
00:30:12,160 --> 00:30:16,720
Speaker 2: I want the fanciest European appliances. Well that's going to

683
00:30:16,840 --> 00:30:19,640
Speaker 2: change the price point again, and these changes around the

684
00:30:19,720 --> 00:30:22,680
Speaker 2: house are going to add up. Yeah, the type of

685
00:30:22,800 --> 00:30:26,120
Speaker 2: tile you pick one could be the most basic tile

686
00:30:26,240 --> 00:30:27,400
Speaker 2: dollar per tile money win.

687
00:30:27,800 --> 00:30:28,000
Speaker 3: Yep.

688
00:30:28,200 --> 00:30:30,080
Speaker 2: You could be like, oh, I really like these Italian

689
00:30:30,160 --> 00:30:30,720
Speaker 2: blue ones.

690
00:30:30,800 --> 00:30:31,920
Speaker 6: They work really well.

691
00:30:32,400 --> 00:30:35,479
Speaker 2: Great, that's actually seventeen dollars a tile, and that adds up.

692
00:30:35,800 --> 00:30:39,160
Speaker 2: So it's not that they're trying to screw you over,

693
00:30:39,680 --> 00:30:42,520
Speaker 2: but they can't give you an accurate representation of what

694
00:30:42,640 --> 00:30:45,480
Speaker 2: your dreamhouse is going to look like because they're not

695
00:30:45,560 --> 00:30:47,760
Speaker 2: trying to mess you around. They're like, the base costs this,

696
00:30:48,520 --> 00:30:50,959
Speaker 2: and then your kitchen could cost like we could probably

697
00:30:51,000 --> 00:30:53,600
Speaker 2: build one for ten grand money win. Or did you

698
00:30:53,640 --> 00:30:55,640
Speaker 2: want all of the luxury inclusions because that's a fifty

699
00:30:55,680 --> 00:30:58,360
Speaker 2: thousand dollar kitchen totally? Well that's one hundred thousand dollar kitch,

700
00:30:58,400 --> 00:31:00,600
Speaker 2: you know what I mean? So is that fair to

701
00:31:00,800 --> 00:31:04,560
Speaker 2: just give it a one price. I see, Yeah, yeah

702
00:31:04,600 --> 00:31:07,920
Speaker 2: that makes sense. What would you do build a bye?

703
00:31:08,160 --> 00:31:08,440
Speaker 1: God?

704
00:31:08,800 --> 00:31:13,680
Speaker 4: I just am so it's not my world, it's not

705
00:31:13,720 --> 00:31:15,840
Speaker 4: my wheelhouse. But I think that I wouldn't have the

706
00:31:15,920 --> 00:31:19,200
Speaker 4: patience to build. I feel like I would be so

707
00:31:19,360 --> 00:31:22,040
Speaker 4: excited to be purchasing that I would want it to

708
00:31:22,080 --> 00:31:24,600
Speaker 4: be already existing. But there is something really nice about

709
00:31:24,640 --> 00:31:26,840
Speaker 4: knowing that you're walking into a home that you've bought,

710
00:31:27,320 --> 00:31:30,120
Speaker 4: and you, other than the builders, are the.

711
00:31:30,160 --> 00:31:33,720
Speaker 6: Only ones to touch the service lived there. You're the

712
00:31:33,800 --> 00:31:36,640
Speaker 6: only one to live in that house. Ever. You know,

713
00:31:37,560 --> 00:31:39,000
Speaker 6: there would be something really special about that.

714
00:31:39,080 --> 00:31:40,920
Speaker 2: Do you care about that? Are you excited about that?

715
00:31:41,160 --> 00:31:44,400
Speaker 5: I mean yeah, like I guess it's something nice, like well,

716
00:31:44,480 --> 00:31:50,640
Speaker 5: no one had sex on my kitchen counter. Yeah, I

717
00:31:50,720 --> 00:31:52,880
Speaker 5: think there's something in it all being do you house

718
00:31:52,920 --> 00:31:53,240
Speaker 5: sit up?

719
00:31:53,240 --> 00:31:54,160
Speaker 2: Beck and I are interested.

720
00:31:57,400 --> 00:31:58,200
Speaker 3: It's because you want to.

721
00:31:59,480 --> 00:32:02,520
Speaker 2: We were just we're just interested in the opportunity.

722
00:32:03,280 --> 00:32:06,120
Speaker 3: Yeah, that sounds which was coming on to me, But

723
00:32:06,480 --> 00:32:08,040
Speaker 3: I'm open to it. That's so fine.

724
00:32:08,120 --> 00:32:09,680
Speaker 2: You know what I would if I could, but I can't.

725
00:32:09,720 --> 00:32:12,800
Speaker 6: So I'm so glad to eilat year I'm married.

726
00:32:12,880 --> 00:32:19,240
Speaker 3: Maybe it could have worked. It's a real shame. But

727
00:32:19,280 --> 00:32:20,440
Speaker 3: if you could keep your kitchen.

728
00:32:20,320 --> 00:32:25,959
Speaker 2: Counterclanus fantastic, that would be fantastic. I just didn't care

729
00:32:26,000 --> 00:32:28,880
Speaker 2: about that as someone who's always like lived in rentals

730
00:32:29,000 --> 00:32:30,840
Speaker 2: and bought secondhand cars like I.

731
00:32:31,000 --> 00:32:33,200
Speaker 3: Just that's a great point. Like all my couches.

732
00:32:35,040 --> 00:32:37,960
Speaker 2: Yeah, I've got this brand new kitchen. No one has

733
00:32:38,000 --> 00:32:41,040
Speaker 2: had sex on my kitchen bench. The couch, though, I

734
00:32:41,160 --> 00:32:42,600
Speaker 2: don't know what those stains are.

735
00:32:42,840 --> 00:32:44,520
Speaker 3: Look, I'm in the market as a couch is okay?

736
00:32:46,080 --> 00:32:48,560
Speaker 2: Oh god, all right, let's move on. I feel like

737
00:32:48,720 --> 00:32:50,800
Speaker 2: that has probably wrapped that up. Would you like to

738
00:32:50,840 --> 00:32:52,080
Speaker 2: get into the DM.

739
00:32:52,040 --> 00:32:54,240
Speaker 3: That we got? Absolutely yes, please?

740
00:32:54,360 --> 00:32:54,640
Speaker 7: All right.

741
00:32:54,680 --> 00:32:56,320
Speaker 2: So I think this is a really timely one, which

742
00:32:56,320 --> 00:32:57,960
Speaker 2: is why I picked it. So someone slipped into my

743
00:32:58,040 --> 00:33:00,280
Speaker 2: DMS this week and said, Hi, she's on the I

744
00:33:00,320 --> 00:33:02,440
Speaker 2: have a dilemma that I'd love to get some opinions

745
00:33:02,480 --> 00:33:05,160
Speaker 2: on context. In term four, I took a nine week

746
00:33:05,200 --> 00:33:08,160
Speaker 2: opportunity as a teacher's aid in a town twenty hours

747
00:33:08,240 --> 00:33:11,400
Speaker 2: from where I'm from. As a temporary position, I won't

748
00:33:11,440 --> 00:33:14,520
Speaker 2: receive holiday pay over the next six weeks, but I

749
00:33:14,640 --> 00:33:18,160
Speaker 2: will have permanency there In twenty twenty six, however, I'm

750
00:33:18,200 --> 00:33:21,360
Speaker 2: concerned about finances over the six week holidays that are

751
00:33:21,400 --> 00:33:23,960
Speaker 2: coming up. I've left with five thousand dollars in my

752
00:33:24,000 --> 00:33:25,960
Speaker 2: bank account and four and a half thousand dollars in

753
00:33:26,040 --> 00:33:28,800
Speaker 2: my raised shares. At the moment, I don't have any debt,

754
00:33:28,960 --> 00:33:32,040
Speaker 2: just twenty seven hundred and sixty five dollars of total

755
00:33:32,120 --> 00:33:34,320
Speaker 2: rent to pay for the next six weeks before I

756
00:33:34,480 --> 00:33:37,280
Speaker 2: return to start my new job. I'll also have a

757
00:33:37,320 --> 00:33:40,440
Speaker 2: few big expenses over the holidays. The big question here

758
00:33:40,640 --> 00:33:42,840
Speaker 2: is should I apply for a personal loan or a

759
00:33:42,920 --> 00:33:45,320
Speaker 2: credit card to get me through this period or is

760
00:33:45,400 --> 00:33:47,880
Speaker 2: it wise to withdraw some of my money from shares?

761
00:33:48,320 --> 00:33:48,480
Speaker 8: Oh?

762
00:33:51,400 --> 00:33:57,600
Speaker 4: I mean, maybe it's because I am kind of savvy

763
00:33:57,680 --> 00:33:59,800
Speaker 4: with my money now, because I'm perpetually broke.

764
00:34:00,080 --> 00:34:01,600
Speaker 6: And sorry, you're.

765
00:34:01,440 --> 00:34:03,320
Speaker 2: Definitely getting better. I don't think you're broke.

766
00:34:04,440 --> 00:34:05,080
Speaker 3: I'm going to video you.

767
00:34:05,160 --> 00:34:06,680
Speaker 2: You're not allowed to call yourself broke when you have

768
00:34:06,720 --> 00:34:10,040
Speaker 2: a shared portfolio. Yeah true, actually legal, Yeah that's true.

769
00:34:10,080 --> 00:34:11,680
Speaker 6: That's a really good point. That's crazy.

770
00:34:11,800 --> 00:34:14,040
Speaker 2: But I'm taking your identity away from you. I'm so sorry.

771
00:34:14,160 --> 00:34:14,719
Speaker 3: That's so fun.

772
00:34:14,920 --> 00:34:16,560
Speaker 4: I think that I would just be picking up and

773
00:34:16,640 --> 00:34:18,239
Speaker 4: I know that it sounds like they're quite busy, but

774
00:34:18,480 --> 00:34:19,359
Speaker 4: I would be picking up.

775
00:34:19,360 --> 00:34:21,239
Speaker 2: Like odd jobs here and there.

776
00:34:21,640 --> 00:34:22,719
Speaker 6: It's a really tricky one.

777
00:34:23,040 --> 00:34:26,200
Speaker 4: I don't think you should go into debt because it

778
00:34:26,320 --> 00:34:29,279
Speaker 4: could get out of control really quickly, like a wildfire,

779
00:34:29,480 --> 00:34:29,680
Speaker 4: you know.

780
00:34:30,239 --> 00:34:31,120
Speaker 3: So don't risk it.

781
00:34:31,280 --> 00:34:31,800
Speaker 6: Don't risk it.

782
00:34:32,160 --> 00:34:35,000
Speaker 4: I'd be trying to find odd jobs here and there

783
00:34:35,120 --> 00:34:37,880
Speaker 4: before dipping into your shares.

784
00:34:39,120 --> 00:34:40,480
Speaker 3: I mean, six weeks is a long time to not

785
00:34:40,600 --> 00:34:42,840
Speaker 3: be working. I think that I'm with you.

786
00:34:43,040 --> 00:34:44,880
Speaker 5: I'm team like, pick up some extra work, if you

787
00:34:44,920 --> 00:34:48,680
Speaker 5: can do some doornatshit do whatever to me? You say, like,

788
00:34:48,800 --> 00:34:51,480
Speaker 5: what I have heard is rough a little bit over

789
00:34:51,680 --> 00:34:54,200
Speaker 5: half of your income or money that you have, half

790
00:34:54,200 --> 00:34:55,759
Speaker 5: of your five thousand dollars needs to go to rent.

791
00:34:56,600 --> 00:34:59,919
Speaker 5: In my mind, for myself, two thousand dollars to last

792
00:35:00,120 --> 00:35:03,320
Speaker 5: six weeks would be enough to cover food, et cetera.

793
00:35:04,000 --> 00:35:05,680
Speaker 5: I don't know about your bills and stuff, and I

794
00:35:05,760 --> 00:35:08,239
Speaker 5: don't know about those large expenses that you alluded to.

795
00:35:08,560 --> 00:35:10,680
Speaker 3: Yes, so if the combination of those things is going to.

796
00:35:10,760 --> 00:35:14,439
Speaker 5: Chew through all of that five thousand dollars, I would

797
00:35:14,440 --> 00:35:15,960
Speaker 5: be saying that, yeah, you do need to look at

798
00:35:15,960 --> 00:35:19,000
Speaker 5: an alternative option to give yourself a bit of safety,

799
00:35:19,160 --> 00:35:21,080
Speaker 5: whether that is picking up our jobs. That would be

800
00:35:21,160 --> 00:35:24,200
Speaker 5: my personal preference for you and for myself too. Honestly,

801
00:35:24,760 --> 00:35:27,239
Speaker 5: if you had to get a credit card, and I'm

802
00:35:27,239 --> 00:35:29,200
Speaker 5: not against credit cards, I have one for the points

803
00:35:29,760 --> 00:35:32,000
Speaker 5: I think, I would just say, be smart about it,

804
00:35:32,160 --> 00:35:35,319
Speaker 5: so I would save signing up for the credit card

805
00:35:36,239 --> 00:35:39,880
Speaker 5: until the last possible minute, so that you can align

806
00:35:40,200 --> 00:35:43,000
Speaker 5: your repayment with when your first payment from you when

807
00:35:43,040 --> 00:35:46,160
Speaker 5: your job will because I assume at most your first

808
00:35:46,200 --> 00:35:49,759
Speaker 5: payment would be every four weeks, but I believe for

809
00:35:50,080 --> 00:35:53,480
Speaker 5: teachers he today it's more often fortnightly. So if that's

810
00:35:53,520 --> 00:35:56,480
Speaker 5: the case, I would say, maybe like a week or

811
00:35:56,520 --> 00:35:58,680
Speaker 5: two before you go back to school, when you arguably

812
00:35:58,719 --> 00:36:01,920
Speaker 5: probably are quite skin get a credit card. Do not

813
00:36:02,040 --> 00:36:04,080
Speaker 5: spend more on that credit card. Then you will be

814
00:36:04,120 --> 00:36:06,840
Speaker 5: able to pay off with that first pay cycle, and

815
00:36:06,960 --> 00:36:08,560
Speaker 5: make sure that you do so so you're not paying

816
00:36:08,560 --> 00:36:09,200
Speaker 5: any interest.

817
00:36:10,320 --> 00:36:11,560
Speaker 3: Is it an ideal situation?

818
00:36:11,760 --> 00:36:12,279
Speaker 6: Obviously not.

819
00:36:12,480 --> 00:36:14,600
Speaker 5: It really comes down to are you responsible enough to

820
00:36:14,640 --> 00:36:16,680
Speaker 5: have a credit card? All those sorts of things exactly

821
00:36:17,000 --> 00:36:18,719
Speaker 5: We're saying, if you're going to spend and get into

822
00:36:18,840 --> 00:36:22,759
Speaker 5: like a bad cycle, wouldn't recommend Definitely my preference would

823
00:36:22,760 --> 00:36:24,319
Speaker 5: be just pick up the extra work to get you through,

824
00:36:24,320 --> 00:36:26,160
Speaker 5: because six weeks is a long time to not be working.

825
00:36:26,800 --> 00:36:28,880
Speaker 5: But if you absolutely had to, I don't want you

826
00:36:28,960 --> 00:36:31,400
Speaker 5: to not have any money available to you at all.

827
00:36:31,800 --> 00:36:33,040
Speaker 3: That's my thought totally.

828
00:36:33,320 --> 00:36:35,560
Speaker 2: I agree and don't agree. I would be like saving

829
00:36:35,600 --> 00:36:39,600
Speaker 2: the credit card as a last resort, like just because

830
00:36:39,640 --> 00:36:42,640
Speaker 2: I feel like that's a fantastic way of dealing with it. Jesse,

831
00:36:42,719 --> 00:36:45,600
Speaker 2: It genuinely is. But that's how so many people get

832
00:36:45,640 --> 00:36:48,440
Speaker 2: their first credit cards and then get themselves into deck

833
00:36:48,480 --> 00:36:50,600
Speaker 2: because they go, this will just get me through this period,

834
00:36:51,000 --> 00:36:53,719
Speaker 2: and then after this period, I'm just not going to

835
00:36:53,800 --> 00:36:55,880
Speaker 2: use it again. But then next month happens and you

836
00:36:55,960 --> 00:36:58,000
Speaker 2: really want to go to someone's birthday, or the month

837
00:36:58,040 --> 00:36:59,920
Speaker 2: after that happens and you're like, far out, I've got

838
00:37:00,480 --> 00:37:02,480
Speaker 2: unexpected rediro cost. I'll just chuck it on my credit

839
00:37:02,560 --> 00:37:04,520
Speaker 2: card and deal with it later. And that's how debt

840
00:37:04,600 --> 00:37:06,719
Speaker 2: starts to snowball, and you start to get more and

841
00:37:06,800 --> 00:37:09,160
Speaker 2: more comfortable using your card and you don't think about it,

842
00:37:09,560 --> 00:37:11,960
Speaker 2: Like nobody gets a credit card with the intention of

843
00:37:12,040 --> 00:37:14,879
Speaker 2: going into significant debt. I don't think I've ever met

844
00:37:14,920 --> 00:37:18,040
Speaker 2: someone who's been in significant credit card debt and I've said, well,

845
00:37:18,160 --> 00:37:19,879
Speaker 2: you know, why did you first get a credit card?

846
00:37:19,960 --> 00:37:21,520
Speaker 2: Talk me through that, and they go, well, V I

847
00:37:21,680 --> 00:37:25,080
Speaker 2: just had all this expensive luxury stuff I couldn't afforded,

848
00:37:25,080 --> 00:37:27,600
Speaker 2: and I just thought, yeah, I just thought i'd get

849
00:37:27,640 --> 00:37:30,279
Speaker 2: a credit card and I could have that stuff. It's

850
00:37:30,320 --> 00:37:33,920
Speaker 2: always a story like that, where oh, yeah, I had

851
00:37:33,960 --> 00:37:36,640
Speaker 2: these six weeks and that's the tipping point. So I

852
00:37:36,680 --> 00:37:38,680
Speaker 2: feel like it's a very slippery slope, which is why

853
00:37:38,680 --> 00:37:41,279
Speaker 2: I would avoid it at all costs. Not saying it's

854
00:37:41,320 --> 00:37:42,880
Speaker 2: the end of the world to do that, but I

855
00:37:43,080 --> 00:37:45,800
Speaker 2: just want a caveat there. For me, it would be

856
00:37:46,440 --> 00:37:48,360
Speaker 2: what you suggested as well. What could you do in

857
00:37:48,400 --> 00:37:51,040
Speaker 2: those six weeks? Could you jump on air tasker and

858
00:37:51,320 --> 00:37:53,480
Speaker 2: you know, do some proof reading for somebody to get

859
00:37:53,520 --> 00:37:55,359
Speaker 2: a few couple of like a couple of hundred bucks

860
00:37:55,400 --> 00:37:57,800
Speaker 2: in are their tasks that you could take up? Is

861
00:37:57,880 --> 00:37:59,520
Speaker 2: there a cafe you could go in work in.

862
00:38:00,160 --> 00:38:01,000
Speaker 3: Did you do tutoring?

863
00:38:01,320 --> 00:38:03,840
Speaker 2: Aud you do shootoring? Like I feel like lots of

864
00:38:03,880 --> 00:38:06,640
Speaker 2: cafes over the holiday periods always want some more hands

865
00:38:06,680 --> 00:38:07,920
Speaker 2: on deck. And if you went in and said, hey,

866
00:38:07,920 --> 00:38:09,480
Speaker 2: I'd love to work for you for the next six

867
00:38:09,560 --> 00:38:13,960
Speaker 2: months while you're dealing with additional holiday traffic. Like that's

868
00:38:14,000 --> 00:38:16,080
Speaker 2: a money win. That's probably a good tip for people

869
00:38:16,080 --> 00:38:18,359
Speaker 2: who are listening to this on boxing day and they're like, oh,

870
00:38:18,480 --> 00:38:20,960
Speaker 2: like I don't start unied till March or something. Yeah,

871
00:38:21,880 --> 00:38:26,279
Speaker 2: that's a busy period for most people in HOSPO. So yeah,

872
00:38:26,320 --> 00:38:28,279
Speaker 2: I would look at that. I would obviously firstly want

873
00:38:28,320 --> 00:38:30,440
Speaker 2: to look at like your budget. Is there anything you

874
00:38:30,520 --> 00:38:33,440
Speaker 2: can delay, Like is obviously we're paying our rent, but

875
00:38:34,040 --> 00:38:35,799
Speaker 2: are there any things coming up that you're like, Oh,

876
00:38:35,840 --> 00:38:37,600
Speaker 2: I actually don't have to spend that this month. They

877
00:38:37,600 --> 00:38:39,399
Speaker 2: could put it off until I have my full time

878
00:38:39,480 --> 00:38:41,759
Speaker 2: job again. But yeah, for me, I think it would

879
00:38:41,760 --> 00:38:43,719
Speaker 2: be about budget and cash flow. How can I bring

880
00:38:43,760 --> 00:38:46,319
Speaker 2: in some additional cash? Okay, maybe we could look at

881
00:38:46,360 --> 00:38:49,400
Speaker 2: our raise portfolio, because in all honesty, from a pragmatic

882
00:38:49,480 --> 00:38:51,480
Speaker 2: point of view, I'd prefer you to pull out a

883
00:38:51,560 --> 00:38:53,359
Speaker 2: couple of one hundred dollars that you need from your

884
00:38:53,400 --> 00:38:56,520
Speaker 2: share portfolio then get a credit card to cover that.

885
00:38:56,960 --> 00:38:59,000
Speaker 2: I don't know how long you've been investing in rays,

886
00:38:59,080 --> 00:39:00,640
Speaker 2: I don't know what that looks like. But if it's

887
00:39:00,680 --> 00:39:03,200
Speaker 2: either on par with the market or just above the market.

888
00:39:03,200 --> 00:39:04,719
Speaker 2: It's not the end of the world. And then you

889
00:39:04,760 --> 00:39:07,000
Speaker 2: could create a little plan once you get back to

890
00:39:07,080 --> 00:39:10,600
Speaker 2: work to replenish that amount. But yeah, that's probably where

891
00:39:10,680 --> 00:39:13,040
Speaker 2: my brain is at. I'm just so scared of you're

892
00:39:13,040 --> 00:39:15,239
Speaker 2: getting a credit card and then falling down the credit

893
00:39:15,320 --> 00:39:17,000
Speaker 2: card like slide.

894
00:39:17,080 --> 00:39:18,719
Speaker 3: Basically totally what everyone else say.

895
00:39:18,920 --> 00:39:21,200
Speaker 2: Everyone else always has an opinion, and I love it.

896
00:39:21,280 --> 00:39:22,680
Speaker 2: So the first thing I asked you guys was what

897
00:39:22,760 --> 00:39:24,959
Speaker 2: would you do if you were our community member. Forty

898
00:39:25,000 --> 00:39:27,480
Speaker 2: four percent said I would be trying to reduce my expenses.

899
00:39:28,040 --> 00:39:30,800
Speaker 2: Thirty four percent, you guys, we're all on the same page,

900
00:39:31,120 --> 00:39:33,840
Speaker 2: said I'm going to look at holiday income. Twelve percent

901
00:39:33,920 --> 00:39:36,239
Speaker 2: said they'd sale shares, and ten percent said look at

902
00:39:36,360 --> 00:39:38,600
Speaker 2: loan and credit options. So I feel like that's reflective

903
00:39:38,640 --> 00:39:41,880
Speaker 2: of the conversation we had. The next question we asked

904
00:39:42,040 --> 00:39:45,680
Speaker 2: was what's your biggest priority with money right now? Thirty

905
00:39:45,719 --> 00:39:48,160
Speaker 2: eight percent said working on your budget and cash flow.

906
00:39:49,040 --> 00:39:51,440
Speaker 2: My money master class is a great place to start.

907
00:39:52,280 --> 00:39:56,080
Speaker 2: Twenty six percent of you said growing investments. My investing

908
00:39:56,200 --> 00:39:59,480
Speaker 2: master class is a great first sister. Nineteen percent said

909
00:39:59,520 --> 00:40:04,120
Speaker 2: avoiding an eighteen percent said generating more income. Then I

910
00:40:04,200 --> 00:40:06,840
Speaker 2: asked you, guys, what's your two cents? So diving straight in,

911
00:40:07,080 --> 00:40:09,600
Speaker 2: first person said, will they even be eligible for a

912
00:40:09,640 --> 00:40:11,520
Speaker 2: loan or a credit card if they're not currently working?

913
00:40:11,680 --> 00:40:14,239
Speaker 2: That's a great point. Actually, oh true, Yes and no

914
00:40:14,280 --> 00:40:17,919
Speaker 2: if you've got a signed employment contract. Usually yes as

915
00:40:17,960 --> 00:40:20,960
Speaker 2: a low bar. Yeah, not saying that is a good thing,

916
00:40:21,120 --> 00:40:23,600
Speaker 2: but there is usually a very low bar. Next person,

917
00:40:23,680 --> 00:40:25,160
Speaker 2: it is a two parter. I would make up a

918
00:40:25,200 --> 00:40:27,239
Speaker 2: budget and try my best to stick to it. Also

919
00:40:27,320 --> 00:40:29,880
Speaker 2: try and get some extra cash flow in, maybe with

920
00:40:30,000 --> 00:40:33,160
Speaker 2: tutoring or other casual jobs. Just keeping everything in the black.

921
00:40:33,520 --> 00:40:33,759
Speaker 3: Yeah.

922
00:40:34,320 --> 00:40:36,959
Speaker 2: Next person said, can a family member learn new money

923
00:40:37,040 --> 00:40:38,520
Speaker 2: interest free and then you can pay it back when

924
00:40:38,560 --> 00:40:41,600
Speaker 2: you're working? I mean, not the worst. Like if you're

925
00:40:41,600 --> 00:40:43,520
Speaker 2: in a situation where your mum can give you five

926
00:40:43,600 --> 00:40:46,040
Speaker 2: hundred bucks and you pay you back and it's very

927
00:40:46,120 --> 00:40:48,160
Speaker 2: clean and easy. I don't think that's the worst thing

928
00:40:48,200 --> 00:40:50,080
Speaker 2: in the world. No, but not everybody is in a

929
00:40:50,120 --> 00:40:52,200
Speaker 2: position where they want to do that or can do that.

930
00:40:52,960 --> 00:40:55,080
Speaker 2: Next person said, Hubby and I use a credit card

931
00:40:55,160 --> 00:40:57,600
Speaker 2: responsibly to manage cash flow, and it works well for us.

932
00:40:58,480 --> 00:41:02,080
Speaker 2: I agree, so do we. So does Jess, Like it's

933
00:41:02,160 --> 00:41:04,160
Speaker 2: not a bad thing. What would happen if I gave

934
00:41:04,160 --> 00:41:05,240
Speaker 2: you a credit card nowadays?

935
00:41:05,480 --> 00:41:05,520
Speaker 9: No?

936
00:41:05,680 --> 00:41:08,120
Speaker 4: Today, I think I'd be okay with it. Like maybe

937
00:41:08,120 --> 00:41:10,080
Speaker 4: even a year or two ago it would have blown

938
00:41:10,120 --> 00:41:10,719
Speaker 4: up out of country.

939
00:41:10,760 --> 00:41:12,680
Speaker 2: It wouldn't be So you need to know your personality

940
00:41:12,719 --> 00:41:16,000
Speaker 2: and whether that's going to be totally totally next person said,

941
00:41:16,080 --> 00:41:19,440
Speaker 2: if she's offered permanency in twenty twenty six, she should

942
00:41:19,480 --> 00:41:24,040
Speaker 2: be receiving holiday pay union chats asap needed.

943
00:41:24,160 --> 00:41:25,160
Speaker 3: There you go, good to know.

944
00:41:25,600 --> 00:41:28,399
Speaker 2: Well, yes and no, so absolutely agree. But I'm pretty

945
00:41:28,440 --> 00:41:32,279
Speaker 2: sure holiday pay only works like once you're in the job. Yeah,

946
00:41:32,640 --> 00:41:36,080
Speaker 2: like your contract doesn't start until the first date. Yeah,

947
00:41:36,520 --> 00:41:39,120
Speaker 2: so maybe you get holiday pay next year for like

948
00:41:39,200 --> 00:41:41,640
Speaker 2: the twenty twenty seven holidays, but you don't get it

949
00:41:42,000 --> 00:41:44,680
Speaker 2: this year. Does that make sense? Because there's no way,

950
00:41:44,840 --> 00:41:47,520
Speaker 2: like if I took on a new staff member, logically,

951
00:41:47,520 --> 00:41:49,279
Speaker 2: I wouldn't be like, oh, Jess, come work for me

952
00:41:49,440 --> 00:41:52,279
Speaker 2: from you know, the start of February. I'll just start

953
00:41:52,320 --> 00:41:54,960
Speaker 2: paying you now. Yeah, that doesn't make sense to me.

954
00:41:55,239 --> 00:41:56,960
Speaker 2: But again, I'm not a teacher, so that might not

955
00:41:57,040 --> 00:41:58,520
Speaker 2: be how it works. I'm just a little bit like

956
00:41:59,280 --> 00:42:02,359
Speaker 2: call you union anyway and find out and last one

957
00:42:02,360 --> 00:42:04,680
Speaker 2: I'll give you. This person said, absolutely, don't do it,

958
00:42:04,840 --> 00:42:07,000
Speaker 2: Just go get a casual or retail or cafe job.

959
00:42:07,400 --> 00:42:11,880
Speaker 2: Credit is always a trap. Yes, yes, yes, true, all right,

960
00:42:11,920 --> 00:42:13,960
Speaker 2: I feel like that's a good rap on it. I

961
00:42:14,120 --> 00:42:16,200
Speaker 2: don't think we should be getting a credit card to

962
00:42:16,239 --> 00:42:18,560
Speaker 2: get through the summer season, not because it wouldn't help us,

963
00:42:18,800 --> 00:42:21,640
Speaker 2: but because I think it's a slippery slope. Fair now,

964
00:42:21,880 --> 00:42:23,600
Speaker 2: I do, and I don't want to get into this

965
00:42:23,760 --> 00:42:26,759
Speaker 2: next segment. We have set the expectation that every year

966
00:42:26,840 --> 00:42:30,120
Speaker 2: we give you a Bloopers rap, and unfortunately, you guys

967
00:42:30,200 --> 00:42:32,759
Speaker 2: blow up our DMS telling us how funny and how

968
00:42:32,800 --> 00:42:34,480
Speaker 2: much you'd love it and how you hope it never

969
00:42:34,560 --> 00:42:38,600
Speaker 2: goes away. So you would have heard about our producer, Emma.

970
00:42:39,040 --> 00:42:41,840
Speaker 2: But then we also have Sam, who is our audio engineer,

971
00:42:42,000 --> 00:42:45,200
Speaker 2: and Sam likes to keep track of us and maybe

972
00:42:45,320 --> 00:42:47,839
Speaker 2: just keep us a little bit humble. So every year

973
00:42:48,239 --> 00:42:51,480
Speaker 2: Sam collects little audio clips and files them away to

974
00:42:51,600 --> 00:42:55,600
Speaker 2: humble us at the end, and none of us have

975
00:42:55,680 --> 00:42:58,399
Speaker 2: heard this bloop is real yet because Emma Gate keeps

976
00:42:58,400 --> 00:43:01,759
Speaker 2: it until we start recording live let's just jump in.

977
00:43:02,120 --> 00:43:05,080
Speaker 2: What's Sam going to roast us about this year?

978
00:43:06,120 --> 00:43:06,520
Speaker 3: Let's do it.

979
00:43:06,520 --> 00:43:10,279
Speaker 9: It's been a big year as she's on the money,

980
00:43:10,400 --> 00:43:12,960
Speaker 9: and it would be remiss of me if I didn't

981
00:43:12,960 --> 00:43:14,759
Speaker 9: give you a look behind the scenes of the show.

982
00:43:15,160 --> 00:43:18,680
Speaker 9: Oh sorry, not remiss. How do you say, Victoria?

983
00:43:18,960 --> 00:43:20,719
Speaker 3: And I think it would be a miss if me

984
00:43:20,840 --> 00:43:21,440
Speaker 3: not to mention that.

985
00:43:21,800 --> 00:43:24,160
Speaker 9: Honestly, I feel bad if I'd let Victoria know she

986
00:43:24,280 --> 00:43:26,880
Speaker 9: was getting sayings wrong earlier in the year, we'd have

987
00:43:26,920 --> 00:43:31,480
Speaker 9: been able to nip this in the bud or but according.

988
00:43:31,080 --> 00:43:32,960
Speaker 2: To v you need to nip that in the butt.

989
00:43:33,000 --> 00:43:34,840
Speaker 2: It's also up to management to nip.

990
00:43:34,719 --> 00:43:35,239
Speaker 6: That in the butt.

991
00:43:35,320 --> 00:43:35,440
Speaker 3: Now.

992
00:43:35,520 --> 00:43:38,960
Speaker 9: This year we started full video episodes for Wednesday Deep Dives.

993
00:43:39,560 --> 00:43:42,520
Speaker 9: Why haven't we done this for the Friday A ms, Well,

994
00:43:42,880 --> 00:43:45,520
Speaker 9: it's mostly so that girls can record audio and do

995
00:43:45,640 --> 00:43:50,359
Speaker 9: other important things at the same time, like apply cutical oil.

996
00:43:50,480 --> 00:44:03,959
Speaker 3: Has anyone ever said sorry, sorry before.

997
00:44:05,360 --> 00:44:06,280
Speaker 9: I keep talking?

998
00:44:06,600 --> 00:44:11,759
Speaker 3: Okay, sorry, oh sorry, okay, we were doing it on

999
00:44:11,840 --> 00:44:12,440
Speaker 3: the slot.

1000
00:44:12,840 --> 00:44:15,479
Speaker 9: I've always known Beck was the chill one of the group,

1001
00:44:15,600 --> 00:44:17,800
Speaker 9: but this year she was almost as chill as a

1002
00:44:17,880 --> 00:44:19,480
Speaker 9: certain turtle from finding.

1003
00:44:19,239 --> 00:44:26,160
Speaker 4: Neba totally totally, totally, totally, totally, totally, totally, totally totally.

1004
00:44:25,920 --> 00:44:29,879
Speaker 9: And while Victoria's Spotify wrapped may say otherwise, this year,

1005
00:44:30,160 --> 00:44:33,680
Speaker 9: revealed that her favorite band is no doubt.

1006
00:44:33,640 --> 00:44:35,440
Speaker 2: I'm just a girl. I'm just a girl. I'm just

1007
00:44:35,520 --> 00:44:35,879
Speaker 2: a girl.

1008
00:44:38,040 --> 00:44:41,279
Speaker 9: Happy holidays everyone, and have a grete twenty twenty six.

1009
00:44:47,960 --> 00:44:50,080
Speaker 3: Oh he went nice was.

1010
00:44:51,760 --> 00:44:53,759
Speaker 4: Not as bad as it could have been, Thanks Sam,

1011
00:44:54,239 --> 00:44:58,000
Speaker 4: but also totally Oh my god, I need to be

1012
00:44:58,160 --> 00:44:58,920
Speaker 4: so conscious of that.

1013
00:44:59,200 --> 00:44:59,879
Speaker 3: No, I love.

1014
00:45:00,600 --> 00:45:02,440
Speaker 6: What I'm getting is you're pretty perfect.

1015
00:45:02,880 --> 00:45:03,480
Speaker 3: Yeah, you know what I mean?

1016
00:45:04,400 --> 00:45:06,480
Speaker 2: How much should you face ham to get out of

1017
00:45:06,520 --> 00:45:08,959
Speaker 2: the blood between me and him? I'm just a girl.

1018
00:45:09,600 --> 00:45:13,160
Speaker 2: Oh well, I feel like that is a great place

1019
00:45:13,200 --> 00:45:14,880
Speaker 2: to wrap this show up totally.

1020
00:45:16,360 --> 00:45:17,000
Speaker 3: It has been a.

1021
00:45:17,080 --> 00:45:20,240
Speaker 2: Beautiful year and I cannot wait to dive into twenty

1022
00:45:20,320 --> 00:45:23,120
Speaker 2: twenty six with you all. We have so many exciting

1023
00:45:23,200 --> 00:45:25,040
Speaker 2: things coming up with what a summer series so that

1024
00:45:25,080 --> 00:45:26,560
Speaker 2: you don't miss a single thing and you get to

1025
00:45:26,640 --> 00:45:29,520
Speaker 2: start on the absolute right foot, and just so much

1026
00:45:29,600 --> 00:45:32,600
Speaker 2: investing content, so much budget and cash flow content, just

1027
00:45:32,880 --> 00:45:35,640
Speaker 2: so many fun announcements coming in twenty twenty six. I

1028
00:45:35,800 --> 00:45:36,439
Speaker 2: can't wait.

1029
00:45:37,280 --> 00:45:41,520
Speaker 3: Have you guys, ladies, Bye bye, Bye.

1030
00:45:48,040 --> 00:45:50,560
Speaker 7: Did buy shared on She's on the Money is general

1031
00:45:50,640 --> 00:45:53,840
Speaker 7: in nature and does not consider your individual circumstances.

1032
00:45:54,239 --> 00:45:54,719
Speaker 1: She's on the.

1033
00:45:54,760 --> 00:45:58,239
Speaker 7: Money exists purely for educational purposes and should not be

1034
00:45:58,400 --> 00:46:01,800
Speaker 7: relied upon to make an investment financial decision. If you

1035
00:46:01,960 --> 00:46:04,600
Speaker 7: do choose to buy a financial product, read the PDS

1036
00:46:04,760 --> 00:46:07,680
Speaker 7: TMD and obtain appropriate financial advice.

1037
00:46:07,440 --> 00:46:08,720
Speaker 2: Tailored towards your needs.

1038
00:46:09,120 --> 00:46:13,040
Speaker 7: Victoria Divine and Sheese on the Money are authorized representatives

1039
00:46:13,120 --> 00:46:15,680
Speaker 7: of Money sherper P t y lt D A b.

1040
00:46:15,840 --> 00:46:18,880
Speaker 2: N three two one six four nine two seven seven

1041
00:46:19,000 --> 00:46:22,439
Speaker 2: zero eight AFS L four five one two eight nine