Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money.
Speaker 3: She's on the Money.
Speaker 4: Hello, and welcome to She's on Them, the podcast with
Speaker 4: millennials who want a financial freedom Today. My friends, guess
Speaker 4: what it is Friday again, which means it is time
Speaker 4: to get my little team together to celebrate you our incredible.
Speaker 2: She's on the Money community, Miss Jess Gric is here.
Speaker 4: She's going to be sharing our money wins and confessions
Speaker 4: from the community.
Speaker 2: Beck say ed, You've got a.
Speaker 4: Few breake tips for us which you've gate kept all
Speaker 4: day up until now, so I have literally no inslash
Speaker 4: as to whether they're going to be good or not.
Speaker 4: We're going to be helping to answer a juicy money dilemma,
Speaker 4: which this week is all about investing in commercial or
Speaker 4: residential properties as a first time investor, And we're going
Speaker 4: to be unpacking something you slid into our DMS about
Speaker 4: which this week we're talking about helping a friend pay
Speaker 4: for mental health support.
Speaker 2: So before we.
Speaker 4: Get there, I want to know how have your weeks been?
Speaker 4: Beck Stop trying to get Jess to answer first.
Speaker 5: I need time to think. No, my week has been
Speaker 5: really really good. I feel so productive, you know, like
Speaker 5: at the start of the year. Like what I did
Speaker 5: was like I feel like a lot of people are,
Speaker 5: you know, doing the calendar, being the diary, and I
Speaker 5: was riding down all these like little goals and I've
Speaker 5: so far stuck to them. Like I guys noticed that
Speaker 5: you saw me like touching my try set before. I'm like, oh,
Speaker 5: my goodness, I feel so good.
Speaker 4: Like swoll Oh that's a word that I haven't heard
Speaker 4: on this podcast before.
Speaker 3: True.
Speaker 4: Yeah, well maybe we could swap that for so Becky's
Speaker 4: feeling swollen. I'm going to start using swollen because have
Speaker 4: you seen that ad? You know how every year in
Speaker 4: January lamb Australia drops their lamb ad.
Speaker 5: Yes right.
Speaker 4: I feel personally victimized by that video because they've got
Speaker 4: this whole lamber and if you haven't seen it, just
Speaker 4: google it because it is quite funny. Like I think
Speaker 4: my favorite part of it is your phone lights on
Speaker 4: talking about the grandparents. But they're like stereotype millennial, also
Speaker 4: using the word slay, and I.
Speaker 2: Was like, I need to see myself out, not googe.
Speaker 6: But classic product of the millennium.
Speaker 2: I was like, I feel attacked.
Speaker 4: It's Jessicchie, what have you been doing this week? What
Speaker 4: do you mean when you want to talk about your
Speaker 4: bad luck strength? I know you know what I feel like.
Speaker 4: People are probably sick of hearing me feel sorry.
Speaker 2: What happened this week?
Speaker 6: My cat knocked over a mirror and I'm worried that
Speaker 6: that's going to bring significantly more bad luck. I was
Speaker 6: just telling the girls, I'm not a superstitious person. It's
Speaker 6: not normally my stick, but I have had such a
Speaker 6: bad run of it that when the mirror fell over,
Speaker 6: I was immediately googling how to reverse the bad luck.
Speaker 4: And I went I me and you were like, guess
Speaker 4: what I'm doing?
Speaker 6: I went outside. I threw some salt over my shoulder,
Speaker 6: and I spun in a circle anti clockwise three times
Speaker 6: because the Internet told me that would hope to do.
Speaker 2: You think it worked?
Speaker 6: Nothing bad touch wood has happened, desk is would Nothing
Speaker 6: bad has happened yet, so TBS. But you know, it's
Speaker 6: been a sunny week. We're hanging out with the girlies.
Speaker 6: I get some lunch together later. It's on the up
Speaker 6: and up. We're looking for the positive.
Speaker 4: Nothing bad happened since Jessica spun anti clockwise in three
Speaker 4: circles and threw salt over her shoulder. So that's the
Speaker 4: secret secret to success.
Speaker 5: Wow, how's your weeking?
Speaker 4: I spent a lot of this week horizontal. Yeah, like
Speaker 4: working with a laptop on my stomach because just life
Speaker 4: is getting uncomfortable.
Speaker 5: Yeah.
Speaker 4: I'm committed though, so like I'm not going anywhere. I'm
Speaker 4: here on the podcast. Unlucky for you guys, people keep
Speaker 4: asking me when are you taking Matt leave? And I'm like,
Speaker 4: I guess when I go into labor because I won't
Speaker 4: have any other choice. Kind of got to test her
Speaker 4: and my team are like, when do we get rid
Speaker 4: of her? That we'd have a date to look forward to,
Speaker 4: and I'm like, haha, joke's on you. I could have
Speaker 4: this baby next week and it be fine, or in
Speaker 4: six weeks.
Speaker 2: You're never gonna know.
Speaker 6: I think I just live in constant fear that at
Speaker 6: any second you could just start having the baby, and
Speaker 6: that like that is what I'm looking for, Like it's
Speaker 6: not you going away, it's just me no longer living
Speaker 6: in fear that at any given point in time a
Speaker 6: baby could just shoot on out.
Speaker 2: And I do no, no, but pretty.
Speaker 6: Calm in a crisis.
Speaker 2: I'm actually quite good unless it's her crisis.
Speaker 6: Yeah, unless it's my internal mental crisis or that's her off.
Speaker 6: But no, like I think I would be okay.
Speaker 5: Yeah, Victoria, right now water breaks starts going to labor you,
Speaker 5: I feel like you would be really good.
Speaker 6: I mean, the thing is obviously you're immediately on the
Speaker 6: phone to the ambulance and just took you through it. Nah,
Speaker 6: you don't like just because your water breaks depends how
Speaker 6: close to your contractions.
Speaker 2: Are, Okay, do you know?
Speaker 4: Do you know what I find really funny because you
Speaker 4: have freaked out about this Gabby who works for she's
Speaker 4: on the money and has been on the pod before
Speaker 4: she's worked this out. One of her girlfriends is a midwife.
Speaker 4: She's full of been like, well, what happens if he
Speaker 4: goes into labor?
Speaker 2: What do I do?
Speaker 4: And like her housemate has like prepped her for this. Oh,
Speaker 4: I think it's so funny because I'm so chill about it.
Speaker 4: Like I think I'm the most chill person in the
Speaker 4: entire team about it.
Speaker 2: I'm like, Oh, if you'll be fine, you'd be fine.
Speaker 4: My husband's really worried because obviously be Jess and I
Speaker 4: are going to the Taylor Swift concert together.
Speaker 2: Yes, this has to be when.
Speaker 4: I am thirty nine weeks pregnant. I regret nothing about
Speaker 4: this decision.
Speaker 6: Baby's first concept, baby's.
Speaker 5: First babies' contant.
Speaker 2: So I'm excited about it.
Speaker 4: My husband was a little like, well, what happens if
Speaker 4: you go into labor? I'm like, dude, the MCG isn't
Speaker 4: much closer to the hospital that we're going to than
Speaker 4: our house. Is so chill, I'll meet you there.
Speaker 2: I can get a new bar. I'm a completely self sufficient,
Speaker 2: independent woman, were.
Speaker 5: I feel like should be partial to assisting with the birth.
Speaker 4: I draw the line naming my baby Taylor though, Yeah, oh.
Speaker 6: Like absolutely, I means respectful to the queen.
Speaker 4: I'm not to be disrespectful to the queen. And the
Speaker 4: name Taylor is not even a bad name, like, that's
Speaker 4: not why. It just feels a little bit too swifty,
Speaker 4: too swifty.
Speaker 2: We can't exactly doing that exactly, so for a boy
Speaker 2: or a girl, we don't know the gender.
Speaker 4: Try I love an androgynous name. I'm back on board,
Speaker 4: all right, I'm sorry.
Speaker 2: Sorry, let's move on, though.
Speaker 4: I want to know more about the community, less about
Speaker 4: me going into apparently.
Speaker 2: Spontaneous labor that is going.
Speaker 4: To happen really quickly, so quickly that the paramedics will
Speaker 4: not be able to make it, but just has to
Speaker 4: deliver my baby.
Speaker 6: My mind is literally like, oh my god, I'm pregnant.
Speaker 2: Shock, nothing pregnant.
Speaker 5: It's also quicker because you mean, like you, I think
Speaker 5: you were to say I'm in labor.
Speaker 2: I'm sure, but you.
Speaker 5: Said I'm pregnant. That is incredibly fine, but that's usually
Speaker 5: how it works.
Speaker 3: Moving on.
Speaker 4: I don't have a birth plan. I have birth preferences, right,
Speaker 4: and I can go into that on socials or something
Speaker 4: if people are actually interested. But there's a reason Jess
Speaker 4: and Gabby are not involved, like they're not part of
Speaker 4: the preferences. In fact, my preference would be to not
Speaker 4: have them there because I feel like they'd both be
Speaker 4: like running around like headless chickens, going.
Speaker 2: What do you need? What do you need? To leave
Speaker 2: me alone?
Speaker 5: Sure?
Speaker 6: Coincidentally, it is also our preference to not be there
Speaker 6: for everybody should.
Speaker 2: Go winky dig right, what has the community got to
Speaker 2: share with us?
Speaker 6: All right? My first money in this week comes from Hannah,
Speaker 6: who said money win. Using chat GPT to do a
Speaker 6: meal plan for my family of three, two adults and
Speaker 6: one team. I requested a budget of one hundred to
Speaker 6: one hundred and twenty dollars for five dinners with five
Speaker 6: adult portions extra lunches for the next day. I just
Speaker 6: did the shop at Audi and it came in at
Speaker 6: one hundred and ten dollars for all of the ingredients.
Speaker 6: I then added some snacks and some breakfast and it
Speaker 6: came to one hundred and fifty five bucks for the week.
Speaker 6: If you're a beginner meal plan, utilizing chat GPT is
Speaker 6: a game changer. And I want to know if Hannah
Speaker 6: got this tip from our Instagram, because I was.
Speaker 4: About to say I have been using it recently with Jess,
Speaker 4: but we've been using the Microsoft co Pilot and we
Speaker 4: were like, we need to create some content for socials
Speaker 4: and we're like, well, let's actually make it good because obviously,
Speaker 4: but like we just told them what we have in
Speaker 4: our pantry and what was in my pantry, and it
Speaker 4: like full spat out a recipe the instructions, you know
Speaker 4: what additional things I might need, and I replied a
Speaker 4: couple of times being like, oh, I don't have that,
Speaker 4: and they were like, substitute for this, and I was like, great,
Speaker 4: that's also in my pantry.
Speaker 6: Sligh. Really cool what you can do with AI nowadays,
Speaker 6: and awesome that you can use free platforms. I know
Speaker 6: that some of the chat GPT and you have to
Speaker 6: pay for the Microsoft one's free chat GPT might have
Speaker 6: a free element, but it's free tools that you can
Speaker 6: use to save yourself money, which is sick.
Speaker 4: And it's kind of like I have explained it to
Speaker 4: a couple of friends who are like, oh, I just
Speaker 4: don't know if it'll work or not. I'm like, think
Speaker 4: of it as an unpaid intern that's just started and
Speaker 4: knows nothing about the process, so like feed it the
Speaker 4: information like, okay, Beck, today, I want you to create
Speaker 4: me a recipe and it needs to be a recipe
Speaker 4: using only items in my pantry, and I have like
Speaker 4: you kind of have to spoon feed it. And that's okay,
Speaker 4: but I think some people jump on to these things
Speaker 4: like copiloting.
Speaker 2: Oh it didn't work.
Speaker 4: I asked for a recipe and it like spat out,
Speaker 4: you know, three random things. I'm like, oh no, this
Speaker 4: is an unpaid intern who's never had a job before,
Speaker 4: doesn't know how to do anything.
Speaker 2: You need to spoon feed them.
Speaker 4: And then you can tweak so like it comes back
Speaker 4: with something in the recipe that you don't want or
Speaker 4: you don't have. You can go back and be like,
Speaker 4: please regenerate this response, but exclude the cream because I
Speaker 4: don't need it, and then it will literally do it again,
Speaker 4: or go oh, have you got a more budget friendly
Speaker 4: option for the sake that you recommended?
Speaker 2: And I think that's it. It's just fun. It's really cool.
Speaker 4: It's like an ongoing conversation and you don't have to
Speaker 4: keep saying sorry for asking so many questions because they're ai.
Speaker 6: Yeah, for their job.
Speaker 5: Still pressure to be like thank you so much and
Speaker 5: oh no, pressure. You don't have to answer this.
Speaker 6: It was really find when the microsoft to instinctively say
Speaker 6: please and thank.
Speaker 4: You, but I did anyway, and Jess was like, why
Speaker 4: are you introducing yourself? And I was like, hello, I
Speaker 4: am trying to make dinner tonight, just like I don't
Speaker 4: think they care about.
Speaker 5: Your and how are you like?
Speaker 2: Sit down? I look at this recipe. Its lips so good.
Speaker 6: Next, I've got a money win from Olivia who said
Speaker 6: I found this on a local by swap and sell
Speaker 6: group for my daughter. It was thirty dollars and it
Speaker 6: still had the tags on it for two hundred and seventy.
Speaker 2: Is this the jacket? The jacket jacket?
Speaker 6: Cool Juli down to thirty love a bus.
Speaker 2: That's a money win.
Speaker 6: That is a money win. Next, I've got one from
Speaker 6: Sophie who said money win. I started a new job
Speaker 6: in August and I haven't even passed my probation yet
Speaker 6: and I just found out I got a five percent
Speaker 6: salary increase money win effective first of January. Happy new
Speaker 6: year to me, huge.
Speaker 2: Congrats, congrats.
Speaker 4: Then I like that it's effective first of January because
Speaker 4: that means some backpay guys.
Speaker 5: Yeah, I love a bit of back pay.
Speaker 6: Then I've got a win from Victoria excellent name who said, Victoria,
Speaker 6: I was going to buy your book as I just
Speaker 6: had an offer on a property excepted thanks to Queen
Speaker 6: Nikki Atsella. And my money win is that it was
Speaker 6: actually free included in my Spotify subscriptions. And she was
Speaker 6: very kind and she said, v I hope you get
Speaker 6: royalties otherwise I will buy it.
Speaker 4: I don't actually know how it works, but I'd much
Speaker 4: prefer you to just read my book then pay me,
Speaker 4: to be honest. And if you get the free audio
Speaker 4: book like slag I heard someone real cool Reddit.
Speaker 6: Yeah, so if you want to pay a forward share
Speaker 6: of screenshot on stories, we'll tell your friends about it exactly.
Speaker 6: That is just as helpful. Save yourself those dollars.
Speaker 2: Queen, Yes, save the money.
Speaker 4: Put it towards your house because in this economy, I'm
Speaker 4: really sorry, I gonna need it.
Speaker 6: Congratulations though, that is so exciting, Victoria out. Next, I've
Speaker 6: got money in from Alissa, who said money win. I
Speaker 6: asked both my parents' households just before Christmas if we
Speaker 6: could have their bottles and cans for Victoria's new deposits scheme.
Speaker 6: They collected them over the past month or so alongside ours,
Speaker 6: and we cashed them in yesterday and we got thirty
Speaker 6: seven dollars for them. Just hours alone came to three bucks.
Speaker 6: So it paid to ask others who were just going
Speaker 6: to throw them out anyway.
Speaker 2: Money win. Jess what happens when you leave my house?
Speaker 6: I take every can that I can find. Victoria says,
Speaker 6: I have a present for you, and it's a bag
Speaker 6: full of cans.
Speaker 4: Save bottles and like coke bottles and stuff. I've been
Speaker 4: keeping it in the bttom of my pantry and I'm.
Speaker 2: Like, I've got this for you.
Speaker 6: Best present. That's lucky, very fun. And then lastly, I've
Speaker 6: got a money in from Casey who said money win.
Speaker 6: I needed some extra cash for my wedding and I
Speaker 6: was making these crayon names for my nieces as a
Speaker 6: part of their Flower Girls gift. I ended up having
Speaker 6: a bunch of leftover crayons and I reached out to
Speaker 6: our neighborhood group and I made sixty two dollars selling them.
Speaker 6: So far.
Speaker 4: Crayons cool like crayon name.
Speaker 6: Yeah, this is a really fun activity with your kids.
Speaker 6: If you have like broken crayons or if you buy.
Speaker 6: You can buy them at the shop often, you know,
Speaker 6: the just mixed up ones that have been donated and
Speaker 6: you melt them and then you pour them into chocolate
Speaker 6: malts and then you have all of these fun letters.
Speaker 6: That cool. They're like usable crayons, but they're really beautiful
Speaker 6: gifts as well.
Speaker 4: That's actually really cool and also just reminds me why
Speaker 4: I have already nominated before my baby's.
Speaker 2: Born that jess is craft aren't.
Speaker 6: Yeah, yeah, I will happily teaste.
Speaker 2: A bonnet you need one. I won't be making it
Speaker 2: so fu My.
Speaker 6: Friend is a teacher actually did make her lit quite literally.
Speaker 6: It had lights that switched on.
Speaker 4: My kid is going to be the coolest kid ever,
Speaker 4: and I'm going to be like it was.
Speaker 6: Yes, I'm very excited. That's all for me this week.
Speaker 5: Guys.
Speaker 4: All right, Beck, what have you got when it comes
Speaker 4: to broke tips? These better be good? My expectations, thank you.
Speaker 4: She's been hyping them up and gatekeeping them, so they
Speaker 4: better be good.
Speaker 5: I do hype them up, and then when we get
Speaker 5: around to it, I mean, like the community ones are
Speaker 5: always good and my ones always just so funny and silly.
Speaker 5: But I think this one this week is actually going
Speaker 5: to be kind of good.
Speaker 6: I'm excited.
Speaker 5: Okay, So the first one comes from Georgie, who says
Speaker 5: that Target right now has heaps of stuff on sale
Speaker 5: because it's merging with km Art. I didn't realize that
Speaker 5: was a thing. Did you guys do that was a thing.
Speaker 6: Yes, I've seen it on social media, not fully, I
Speaker 6: don't think. But they're replacing a lot of the home
Speaker 6: weares with the Kmart Homeworks brand. There's been a lot
Speaker 6: of outrage. Yeah, because people love Target home weares.
Speaker 5: I love Target home Wear.
Speaker 6: But I saw someone say it was like seventy percent
Speaker 6: off a lot of the time.
Speaker 4: I saw a couple of tiktoks actually where a lot
Speaker 4: of things were like marked down to two dollars, Like
Speaker 4: this girl got a whole suit. It was like pants,
Speaker 4: the vest, and the jacket for six dollars in total.
Speaker 5: It almost it's just too silly.
Speaker 4: I think it's wild. But they're actually clearing a lot
Speaker 4: of stock. Insider info.
Speaker 2: Don't ask me where I got this from Georgie.
Speaker 4: Yeah, maybe from Georgia. Let's call it from Georgie. They
Speaker 4: aren't just replacing all of Target's stuff with Kmart.
Speaker 2: Stuff they have merged.
Speaker 4: They actually were always owned by the same people, which
Speaker 4: is West Farmers Group, or own both CAMA and Target,
Speaker 4: or you might be surprised to hear that they also
Speaker 4: own like office works and Bunnings and.
Speaker 6: Stuff like that.
Speaker 2: They actually are a very very large organization.
Speaker 4: But they are taking a lot of the product lines
Speaker 4: that don't sell as well in Target and replacing them
Speaker 4: with kmart because it does. There might be different products
Speaker 4: across the stores, but obviously they've got their factories that Ancho,
Speaker 4: so they're.
Speaker 2: Bringing that in.
Speaker 4: But surely they are keeping a lot of the main
Speaker 4: product lines that sell really well. Because I was really worried,
Speaker 4: honestly about the baby onesies because like.
Speaker 2: Cute onesies, organic cotton.
Speaker 4: I can't find anything nicer than that that feels as
Speaker 4: good at that price point. And I was like, don't
Speaker 4: take them away, They're not going to Sorry, amazing, It's
Speaker 4: not everything, like targets are not becoming kmarts, But I
Speaker 4: feel like a lot of people have just assumed because
Speaker 4: it does look like.
Speaker 6: That, Yeah, just three targets trying to find some bargains
Speaker 6: that already been cleaned out.
Speaker 5: Well, try and try again, they say.
Speaker 6: For a two dollars.
Speaker 5: Suit, I'll try one that is so silly. I love it.
Speaker 5: But yeah, like maybe go to like, you know, country
Speaker 5: towns and stuff.
Speaker 4: I feel like those targets, Yeah, probably don't go to
Speaker 4: like the Chadston.
Speaker 5: They don't go to Chadston, go anywhere else.
Speaker 2: They've been cleaned up.
Speaker 5: Okay, So this next one comes from Indy, who says
Speaker 5: that if you live near a UNI, make the most
Speaker 5: of the free food at O Week which is coming
Speaker 5: up soon. It's great idea.
Speaker 2: It's actually very smart.
Speaker 5: Yes, totally, Like, even if you don't live near a UNI,
Speaker 5: if you're like gonna get free food, just make this.
Speaker 2: You're like, go to UNI even though you're not gonna
Speaker 2: go to UNI.
Speaker 5: Yeah, like you don't have to be going to UNI
Speaker 5: to be getting that free food. I imagine I.
Speaker 2: Would feel very But I mean, here, do you all
Speaker 2: right that?
Speaker 6: I think that's smart.
Speaker 5: I think it's smart. And what if you just want
Speaker 5: to go there for info you also get a free food.
Speaker 5: Great idea, Indie, Thank you so much. That is mean.
Speaker 5: I might even do that. We make a David. Okay,
Speaker 5: So mine comes from I don't know if you guys
Speaker 5: have heard of this God named Viv. Her Instagram handle
Speaker 5: is viv loves to Eat. She shared a post about
Speaker 5: this is the name of the cafe five bucks schmuck
Speaker 5: in Thornberry. That sounds fun it is. There's no catch.
Speaker 5: There is a menu that is dedicated to items slash
Speaker 5: meals that costs five dollars literally what And she posted
Speaker 5: this video in this economy, in this economy, it can't be.
Speaker 2: Making any money.
Speaker 5: Well, this is why I say no catch, because, like
Speaker 5: she posted in the actual like you know, caption, that
Speaker 5: the owner just wants to do something nice to the community.
Speaker 2: Oh what a wholesome which is really really so.
Speaker 5: I don't think that the whole menu is five dollars,
Speaker 5: but it's a dedicated, you know thing that that's cool.
Speaker 5: You can get like you know, a roll or a
Speaker 5: croissant or something like that. That's you know, it's not
Speaker 5: they're not losing money, you can tell, but it's still
Speaker 5: like they could be charging you way more, but you're
Speaker 5: still getting a good feed.
Speaker 4: Out of it.
Speaker 2: I paid nine dollars for alm and croissan on the other.
Speaker 6: Day daylight robbery.
Speaker 5: That's my one. There's probably an adjacent or an equivalent
Speaker 5: in your state, your city, your suburb, if you're in Melbourne,
Speaker 5: just maybe.
Speaker 2: Please share it with the sheese on the money community
Speaker 2: if these because we gonna need it.
Speaker 5: Yeah, yes absolutely, but for now five bucks, monks.
Speaker 4: I cannot think for the last time a meal cost
Speaker 4: me five dollars out Yeah same.
Speaker 5: Maybe penny pinchers of Magas.
Speaker 2: Even then I'm always like, can I please have a large?
Speaker 3: Go eight dollars?
Speaker 2: Still.
Speaker 6: I ordered a happy Meal the other day and it
Speaker 6: was always the same price as a normal meal.
Speaker 2: Shocked, it is actually a small cheeseburger meal.
Speaker 5: Yeah, you look like a happy meal order.
Speaker 2: I know happy meals.
Speaker 4: If I'm coming in and I'm like, do you want
Speaker 4: lunch and she's like, yeah, I don't know anything, will
Speaker 4: do Like, I guarantee I'll walk in with a happy
Speaker 4: fast for the toy not the book, by the way. No,
Speaker 4: all right, let's go to a really quick break on
Speaker 4: the flip side. We're going to be talking about investing
Speaker 4: in commercial or residential properties as your first investment, and
Speaker 4: we're going to unpack something that you slid into our
Speaker 4: DMS about this week. We're talking about helping a friend
Speaker 4: pay for their mental health support.
Speaker 2: So don't go anywhere guys.
Speaker 6: Welcome back everybody. Let's take a listen to this week's
Speaker 6: money dilemma.
Speaker 7: Hi, there, have you got a money dilemma you just
Speaker 7: can't solve? The She's on the Money team is here
Speaker 7: to help.
Speaker 4: Every week we tackle your dilemmas, both big and small,
Speaker 4: to answer your most burning money, career and life questions.
Speaker 4: To get involved, simply head to our website and leave
Speaker 4: us a short voice recording and you might just find
Speaker 4: your on the show. Now, let's take a listen to
Speaker 4: this week's money dilemma.
Speaker 8: Hi, ladies, I have a caerer I'd like your advice on.
Speaker 8: My partner and I are in our earliest to mid
Speaker 8: twenties and have decided we'd like to start saving up
Speaker 8: for an investment property. My partner has heard that commercial
Speaker 8: properties can produce a higher return than residential and I'm
Speaker 8: monitoring what would be the best option for us to
Speaker 8: buy as a first time buyer, considering their more grants
Speaker 8: available for residential properties versus commercial, and what I can
Speaker 8: see online and any other factors we need to consider
Speaker 8: when comparing the two and saving up for the deposit.
Speaker 8: Thank you.
Speaker 4: I have a lot of thoughts about first properties and
Speaker 4: you are correct. If you looked at the rental yield
Speaker 4: of a residential property versus a commercial property. More often
Speaker 4: than not, commercial property has a higher rental yield.
Speaker 2: The problem there is.
Speaker 4: That if you are chasing yield, that is usually going
Speaker 4: to come at a higher cost.
Speaker 1: Right.
Speaker 4: So let's just pretend you're spending five hundred thousand dollars
Speaker 4: on your first two bedroom apartment to get a comparable
Speaker 4: rental yield in a commercial property, you're probably looking closer
Speaker 4: to a million dollars worth of investment. We also really
Speaker 4: need to talk about the risk that is involved with
Speaker 4: investing in commercial versus residential property, and that is usually
Speaker 4: how long that property is left vacant and you are
Speaker 4: up for that mortgage without any kind of you know,
Speaker 4: help from a tenant.
Speaker 1: Right.
Speaker 4: So in Melbourne we know that rental tendancy sucks at
Speaker 4: the moment. Like, if you've got an apartment and it
Speaker 4: is up for rent, you are in a prime position
Speaker 4: because there are a lot of people who want properties
Speaker 4: and there aren't enough properties to go around. So your
Speaker 4: rental vacancy rate could be like one or two percent
Speaker 4: per annam, which means like there aren't that many days
Speaker 4: per year that you don't have rent coming in the door,
Speaker 4: Whereas when you look at commercial property, they tend to
Speaker 4: stay vacant for a longer period of time.
Speaker 2: Yes, you might have longer li periods.
Speaker 4: So typically if you're signing onto a commercial lease, it's
Speaker 4: not just like a one year lease.
Speaker 2: It might be a minimum of five years.
Speaker 4: It could be ten, twenty, or even thirty years as
Speaker 4: a lease. And that's all well and good and fine,
Speaker 4: but the vacancy rate can be significantly higher because you know,
Speaker 4: it's obviously harder to find somebody who wants your specific
Speaker 4: space in your specific area to run their business. So
Speaker 4: you might even end up with a vacancy rate of
Speaker 4: like six months or fifty percent of the year it
Speaker 4: is not rented out. And so you've got a factor
Speaker 4: all of that in. Yes, when it comes to residential property,
Speaker 4: you have a lot more grants and offers because the
Speaker 4: government's kind of like, well, if you're buying commercial you
Speaker 4: probably you know a bit of a well seasoned investor. However,
Speaker 4: it's definitely worth looking at the pros and cons of
Speaker 4: each not just like, oh, they have better returns, like
Speaker 4: you are correct, but we don't chase returns. What we
Speaker 4: want to chase is consistency and does this align to
Speaker 4: your goals and values? Does this help you in any way,
Speaker 4: shape or form to reach your next financial goal?
Speaker 2: What does equity in the property look like.
Speaker 4: We know in the Melbourne residential market equity has somewhat
Speaker 4: increased for people. I feel like the property market has
Speaker 4: kind of like stagnated, given we went through COVID and
Speaker 4: now we're going through a cost of living crisis. But
Speaker 4: the probability is that the asset is probably going to
Speaker 4: increase in value. Whereas if you went and bought a
Speaker 4: factory please don't get me wrong, not a terrible investment,
Speaker 4: but the capital growth on those properties is usually not
Speaker 4: as high as a residential property in the same area
Speaker 4: because it can't be rezoned to residential if you change
Speaker 4: your mind, like it will always have to be a
Speaker 4: commercial property. So I think when it comes to you
Speaker 4: know what you should and shouldn't do, there's no right
Speaker 4: or wrong. Like if you're in the position where you're like,
Speaker 4: I actually want to buy a factory v I've looked
Speaker 4: at all of the stats, the areas up and coming.
Speaker 4: I have had a number of past clients and even
Speaker 4: friends purchase factories, especially in like you know, those kinds
Speaker 4: of like big development areas. They're a little bit like commercial,
Speaker 4: but they are completely bare and then they rent them out.
Speaker 4: And you're right, they do have really good rental yield. However,
Speaker 4: they don't have a lot of good capital growth on
Speaker 4: those from.
Speaker 2: What I have seen.
Speaker 4: Doesn't mean you shouldn't do it, absolutely not like it
Speaker 4: might really align to your goals, like you might actually
Speaker 4: go gin I don't want to deal with everyday tenants.
Speaker 4: I want to strip this out completely and make all
Speaker 4: of this, you know, my new tenants problem to furnish
Speaker 4: and upkeep and maintain. So it really depends. But what
Speaker 4: I would say is to me, it is a bit
Speaker 4: of a red flag if the reason you want to
Speaker 4: go with them is because you've heard they have higher
Speaker 4: rental yield without actually looking at well, what would this
Speaker 4: look like in ten, twenty thirty years, Because a mortgage,
Speaker 4: as we all know, is a long term commitment. And
Speaker 4: then I guess on top of that, you're not looking
Speaker 4: at a residential home loan either, You're looking at a
Speaker 4: commercial loan, and they have different things that you need
Speaker 4: to take into consideration. So talk to a broker before
Speaker 4: you make a decision, is what I would say.
Speaker 5: Yeah, I imagine like and this is obviously not coming
Speaker 5: from an expert opinion, but I imagine that the cost
Speaker 5: of upkeep, like you know, like getting a trade out
Speaker 5: to fix like a block toilet, wouldn't cost as much
Speaker 5: as a potential something in a whole factory. You know
Speaker 5: what I mean, I don't know.
Speaker 4: Well, in a factory, it's actually on the tenant, so
Speaker 4: I happens. Yeah, it's on the tenant, and the tenant
Speaker 4: will usually pay for complete fit out as well. So
Speaker 4: like you would lease them, you're completely bare factory, but
Speaker 4: you don't have as much responsibility as a residential landlord.
Speaker 2: Go that that's your problem.
Speaker 4: You know, if you want stairs put in over here,
Speaker 4: or you want you know, an office built in here,
Speaker 4: that's on you. But given it is actually a little
Speaker 4: bit more difficult to attract tenants to commercial properties, what
Speaker 4: you often have to do is also incentivize it.
Speaker 2: And I've signed a number of leases.
Speaker 4: I've never owned commercial property, I've always leased it, and
Speaker 4: I've signed a number of commercial property tendency agreements, and
Speaker 4: often I'll ask for incentives upfront. Like Jess, you probably
Speaker 4: remember this when I was signing our last office, I
Speaker 4: was like, well, how many months at the start can
Speaker 4: I get free? What are the bonuses can I get? Like,
Speaker 4: you know, there's a fit out there, can I have that?
Speaker 4: Or you know, do I have to buy my own?
Speaker 4: If I have to buy my own fit out, I've
Speaker 4: estimated that that's going to cost me fifty thousand dollars,
Speaker 4: So like, how are you going to incentivize me to
Speaker 4: rent your property over somebody else's. So normally they offer
Speaker 4: this by offering a couple of months of free rent,
Speaker 4: and it will clearly depend on like the value of
Speaker 4: the commercial property as well. But like it's a different
Speaker 4: ballgame completely, But most of the I guess costs actually
Speaker 4: fall into the tenants wheelhouse when it comes.
Speaker 2: To commercial versus residential.
Speaker 4: Whereas you know, we've spoken a lot about Jess going through,
Speaker 4: Oh the ceiling's leaking. If I was commercial, I'd be like, well, Jess,
Speaker 4: go and fix the ceiling.
Speaker 2: Then hey, sound a lot.
Speaker 6: Like are your problem?
Speaker 2: I was like, a just to get a problem.
Speaker 6: Yeah, if you look at putting that much out, maybe
Speaker 6: it might be worth chatting to a financial advisor. Would
Speaker 6: be the only thing that I have to contribute there
Speaker 6: if you're putting that much into him, Like I talked
Speaker 6: a lot as well.
Speaker 2: Sorry, I don't be sorry. Do you want to talk
Speaker 2: about the ass by CDM?
Speaker 5: Yes? Weeks?
Speaker 1: All right?
Speaker 2: So this week we got a DM and it sounded
Speaker 2: like this.
Speaker 4: Actually the batim it was this message, are you ready ready,
Speaker 4: high team, I've got a DM for you?
Speaker 2: Really?
Speaker 4: A close friend of mine has been really struggling with
Speaker 4: her mental health, so I suggested she looked into getting
Speaker 4: some help and seeing a psychologist. She said she can't
Speaker 4: afford it at the moment, so I offered to pay
Speaker 4: you for some sessions, as I wanted to help her
Speaker 4: in any.
Speaker 2: Way I could.
Speaker 4: I've currently paid for her first three appointments, which were
Speaker 4: around ninety dollars each.
Speaker 2: Now here's the issue.
Speaker 4: I just found out she spent four hundred dollars on
Speaker 4: drugs for a festival she was going to, and I'm
Speaker 4: really upset by this. I was more than happy to
Speaker 4: help her out. But if she can afford drugs, then
Speaker 4: she can afford to pay to see the psychologist. How
Speaker 4: do I go about asking for my money back but
Speaker 4: also ensuring she continues to get the help that she needs.
Speaker 2: I'm really not sure what to do. Any help is
Speaker 2: really appreciated.
Speaker 6: Before we get into it, I feel like we have
Speaker 6: to say we're gonna be discussing the drug use. We
Speaker 6: do not condone or encourage the use of recreational drugs,
Speaker 6: but it is a part of the story. We're gonna
Speaker 6: chat about it.
Speaker 4: Yeah, Like no judgment from me, Like it's a choice
Speaker 4: somebody else has made and that's fine, but yeah, it's
Speaker 4: not an endorsement.
Speaker 6: Yeah, and if you do need any resources regarding something
Speaker 6: like that, we will pop some links in the shows
Speaker 6: that you can access and have look through. Obviously we're
Speaker 6: a supportive safe space, but it's just something that we
Speaker 6: have to say.
Speaker 2: Yeah. Absolutely.
Speaker 4: I also think it's relatively interchangeable as well. Like stepping
Speaker 4: back before I actually start answering this question, like if
Speaker 4: you've paid ninety dollars a session for your friend to
Speaker 4: go get help on something, it could have been like
Speaker 4: her going out to fancy restaurants and spending four hundred
Speaker 4: bucks and I thought you said you had no money
Speaker 4: for like recreational activities, or you know, they might have
Speaker 4: decided to just go to a festival and spend four
Speaker 4: hundred bucks. On a ticket and you were like hold on,
Speaker 4: like you say, you didn't have fun. So I don't
Speaker 4: think it's really they're quite drug use. Yes, obviously that's
Speaker 4: not ideal because I'm pretty sure that that drug use
Speaker 4: is probably playing into the need for the mental health care.
Speaker 2: And that's absolutely fine.
Speaker 4: But I think i'd be equally as frustrated if, you know,
Speaker 4: I helped out a friend and found out they're just
Speaker 4: blowing four hundred dollars a week on going.
Speaker 2: To the club.
Speaker 4: Like irrespective, but moving forward, what do you guys think?
Speaker 5: I think like if I was maybe I don't know,
Speaker 5: if my friend was like saving up for a festival
Speaker 5: and that I guess, like, you don't really just blow that,
Speaker 5: Like that's kind of something that you prepare for ahead
Speaker 5: of time, paying for like sarch sessions and stuff like that.
Speaker 5: I'm going to like mentally put that in a different
Speaker 5: category and say that the actual spending of that much
Speaker 5: money on whatever it could have been, we just don't know,
Speaker 5: like it could have been something that she had really
Speaker 5: saved for and was looking forward to. It sounds like
Speaker 5: something that's a something that happens like once a year,
Speaker 5: like we've all you know, like Meredith for example. Like
Speaker 5: I if I was saving up for that and my
Speaker 5: friend was like, hey, I need you to go see
Speaker 5: a PSICH, I'd be like, I actually don't have capacity
Speaker 5: right now because I'm saving up for Meredith, which I
Speaker 5: know is like not it should absolutely should not be
Speaker 5: the priority here. My own mental health, my own mental
Speaker 5: well being should be. But if that's kind of what
Speaker 5: I need just to stay sane, like prioritizing my social life,
Speaker 5: and someone else aside from that, offered to pay for
Speaker 5: a few SICH sessions, then I guess I guess like
Speaker 5: it was all about transparency. If you're like, hey, this
Speaker 5: is actually what I'm spending my money on, This is
Speaker 5: what I'm saving up for, this is everything that I'm
Speaker 5: planning on buying. If you're still comfortable paying for these, cool,
Speaker 5: if not cool, But yeah, I guess like the transparency
Speaker 5: maybe is my main thing. I don't know if that's
Speaker 5: the same for you guys, But you sound like a
Speaker 5: great friend, and you you know, you sound you'd serve
Speaker 5: a very good friend in return.
Speaker 6: Yeah, I agree. I think that you've done a really kind,
Speaker 6: generous thing. You obviously care about your friend, you want
Speaker 6: to put them first. I understand what you mean about, like,
Speaker 6: someone may choose to prioritize something else over their mental health,
Speaker 6: and that is their prerogative. I think for me, the
Speaker 6: fact that it is drugs is kind of a little
Speaker 6: bit of an additional layer of gray. I think it's
Speaker 6: very different from saving to go to a festival, or
Speaker 6: saving to go to an event, or maybe saving for
Speaker 6: a trip versus something, you know, if you blow it
Speaker 6: on alcohol or something similar. I still mentally categorize those
Speaker 6: into two different things. Again, sure, I think the unfortunate
Speaker 6: thing is though I don't know that you can ask
Speaker 6: for the money back. I think I'm on that page too.
Speaker 6: I think a gift is a gift, and as much
Speaker 6: as you know when you gave her that gift, you
Speaker 6: were helping her out within you know, a certain framework
Speaker 6: that you thought existed. I don't think that you can ask.
Speaker 6: I firstly, don't know that it would come back to you.
Speaker 6: It sounds like she's pretty struck for cash, and it
Speaker 6: might just put an even bigger rift between the two
Speaker 6: of you. I think I would probably go down the
Speaker 6: route of just explaining to her how you feel and saying, hey,
Speaker 6: like I wanted you to put yourself. First, I thought
Speaker 6: that you didn't have any money.
Speaker 1: You know.
Speaker 6: Having seen you behave this way or do these things
Speaker 6: has really made me feel like you value your money
Speaker 6: over mine, or you know, something like that, and explaining
Speaker 6: to her. Maybe she doesn't see it from that perspective,
Speaker 6: but in terms of getting it back, I don't know
Speaker 6: that you will. And it's hard. When you love someone,
Speaker 6: you want to support them, you want to resource them,
Speaker 6: you want to do it whatever you can to make
Speaker 6: sure that they're well off. And I know that it
Speaker 6: might go against your instinct, but I think my advice
Speaker 6: would be to probably not do it again, maybe try
Speaker 6: to find other ways to help resource her. I know
Speaker 6: that there's you know, the mental health plans in Australia.
Speaker 6: I don't know whether or not she qualifies for those,
Speaker 6: but looking into that, looking into you know, some of
Speaker 6: the hotlines that have access to resources and things of
Speaker 6: that nature, things that you can do to help her
Speaker 6: without necessarily taking money out of your own pocket. Because
Speaker 6: it sounds like you guys aren't valuing her mental health
Speaker 6: or those psychology appointments in the same way. Yeah, what
Speaker 6: do you think they do?
Speaker 4: I feel like I have been the friend that has
Speaker 4: wanted to do this before. I can't say I've paid
Speaker 4: for someone's psych appointments, but I definitely have given money
Speaker 4: to friends or people I know in the hope that
Speaker 4: it fixes them or changes them.
Speaker 2: And this is just in hindsight.
Speaker 4: I'm not thinking that in the moment, just trying to
Speaker 4: be generous and like look after them. However, in I
Speaker 4: guess retrospect, when you look back on that, I feel
Speaker 4: like when you do that.
Speaker 2: You're kind of tunnel visioned.
Speaker 4: You're not going, oh, this is gonna you know, actually
Speaker 4: have to play into their value system and their priorities
Speaker 4: and where they're at mentally. I kind of go, well,
Speaker 4: if I pay for your sych sessions, that'll help you
Speaker 4: get better, full stop, end of story. And I think
Speaker 4: that you know, when you probably offered, you didn't put
Speaker 4: a lot of pros around this gift. You would have maybe,
Speaker 4: and I'm assuming that you are the same type of
Speaker 4: person as me, and I would love to think that
Speaker 4: it's because I'm empathetic and generous and if I've got
Speaker 4: the means, like, I want to help, So you might
Speaker 4: have just been like, look, you know, Jess, what if
Speaker 4: you're saying you can't afford it.
Speaker 2: What if I pay for that.
Speaker 4: I just really want you to be in the best
Speaker 4: possible position, and Jess, you go, oh, well, actually that
Speaker 4: would be really kind because in the back of your mind,
Speaker 4: just like just using just as an example, in the
Speaker 4: back of your mind, you you really do want to change,
Speaker 4: you do want to get better. But the overarching thing
Speaker 4: is that ultimately your priority is are not there yet.
Speaker 4: You might not be willing to get help. You might
Speaker 4: not you know, have the drive to do that. Even
Speaker 4: though that conversation was really motivating and it was really nice,
Speaker 4: like how many times will we sat down with ourselves,
Speaker 4: Like I remember even me going, look, I'm just going
Speaker 4: to stop biting my nails, and then the next week
Speaker 4: I'm biting.
Speaker 2: My nails and I'm like.
Speaker 4: Like, and I had every intention of doing the right thing,
Speaker 4: Like I bought the fancy nail polish I did, you know,
Speaker 4: looked up on YouTube how to do a meditation about
Speaker 4: not biting my nails, and like, you have all the
Speaker 4: gung ho at the start, but maybe you fall off
Speaker 4: the bandwagon because maybe you're just not ready for change.
Speaker 4: Maybe you're not ready to you know, take on mental
Speaker 4: health help. And I think that there's a lot to
Speaker 4: say about that, because also it is really hard to
Speaker 4: reach out for help. Some people aren't ready for it,
Speaker 4: Like you only hear what you want to hear in
Speaker 4: those sessions, and if you're not open to it, it's action.
Speaker 2: No, I won't say, a waste of.
Speaker 4: Time, but it can be a bit of a waste
Speaker 4: of your money if you're like, I'll go those sych sessions,
Speaker 4: but I'm definitely not going to implement anything they do.
Speaker 4: And like, you know, let's pretend that the and this
Speaker 4: is a wild speculation, Let's pretend that your friend needs
Speaker 4: psych help because they maybe have lost their way and
Speaker 4: they are doing a lot of drugs and you thought
Speaker 4: that you could sweep in and that would be like
Speaker 4: the magical key that opens the world to a new
Speaker 4: kingdom for them.
Speaker 2: They're not ready for that.
Speaker 4: And like maybe they're not ready to hear from a
Speaker 4: psychologist and maybe they're even going to those sessions and
Speaker 4: being like, yep.
Speaker 2: I'm getting help. No worries. So, Meredith is next weekend,
Speaker 2: I've got four hundred bucks in my account.
Speaker 4: I'm just going to spend it on that because it
Speaker 4: becomes a need, right, So I think we need to
Speaker 4: step back and look at.
Speaker 2: The psychology behind. Well, why did you want to do that?
Speaker 4: Like, obviously you wanted to put your friend in the
Speaker 4: best possible position. But by doing that, were you acknowledging
Speaker 4: whether your friend was in the position to change yet
Speaker 4: or not, or were you trying to push them down
Speaker 4: a path that maybe they weren't ready to walk.
Speaker 2: Does that make sense?
Speaker 4: Because really I just look at it and I go, well,
Speaker 4: if someone else is not ready for it, they might
Speaker 4: be super motivated. And you know what, your friend probably
Speaker 4: had the best of intentions when accepting your help. Like
Speaker 4: how beautiful if I turned around said to bet you Beck,
Speaker 4: there's this thing that you need and you're telling me
Speaker 4: you can't for I would love to make sure that
Speaker 4: you get that.
Speaker 2: You'd be like, oh theah you like that's so generous
Speaker 2: and so kind. I would love to do that.
Speaker 4: I don't think your friend ever set out to disrespect
Speaker 4: you or the money that you have spent. I think
Speaker 4: that clearly there's a lot going on here. But also
Speaker 4: the second layer to question, how do I ask for
Speaker 4: my money back?
Speaker 2: I would say, you don't.
Speaker 8: It was a gift.
Speaker 4: Yeah, yeah, it was a gift, and you gave it
Speaker 4: to them with no intention of saying, actually, there are
Speaker 4: some stipulations on this. If you cross a boundary ABCD,
Speaker 4: E or F, I will be asking you for the
Speaker 4: money back, because I can almost guarantee if I said, hey, Beck,
Speaker 4: I'm willing to help get that thing, and you go yeah, great, great, great,
Speaker 4: and I go. But also if you do ABC or D,
Speaker 4: you'll have to pay it back. You go, oh, I
Speaker 4: can't commit to that, Yeah, because maybe your friend wouldn't
Speaker 4: have let you do that in that case.
Speaker 2: Does that make sense?
Speaker 5: I sally agree.
Speaker 6: There's like such a strongle or there can be such
Speaker 6: a strong link between drug use and mental health too,
Speaker 6: Like we don't really drig a context to whether it's
Speaker 6: consistent usage or whether it's just oh, I was at
Speaker 6: a festival and that's what people would do, but we
Speaker 6: don't really have we have NOD. But if they are
Speaker 6: having ongoing mental health struggles, like that could lean into
Speaker 6: why they choose to do that, which again is just
Speaker 6: like an extra layer of complexity that you're not really
Speaker 6: equipped to handle.
Speaker 4: And also it doesn't make them a bad person. Yeah,
Speaker 4: Like change is really hard, like human beings at a
Speaker 4: base primal level, do not like change because change is risk,
Speaker 4: and risk means I could be in trouble. So you know,
Speaker 4: it's the devil you know versus the devil you don't, right,
Speaker 4: So I think we need to acknowledge that change is
Speaker 4: really hard, and it's hard, it's slow, it's part of
Speaker 4: the process. I think that you know, there's actually a
Speaker 4: lot to this. I'm just so glad that your friend
Speaker 4: was open to mental health, you know, help. I think
Speaker 4: having a genuine conversation definitely not asking for the money back,
Speaker 4: but going hey, Jess, can we have a chat. I'm
Speaker 4: just feeling like it's a bit frustrating. I really thought
Speaker 4: that you were going to get help for X, Y
Speaker 4: and Z. You know, I'm even paying for it, and
Speaker 4: then you spent four hundred bucks like on something really
Speaker 4: discretionary and like you in it or you're out of it,
Speaker 4: because like obviously it makes me not want to pay
Speaker 4: for your sessions because you're not learning anything, like nothing's happening,
Speaker 4: like what should we do?
Speaker 2: And maybe your friend will.
Speaker 4: Actually go, oh my god, I'm actually so embarrassed about
Speaker 4: this situation, Like it's one of those sleeper it could
Speaker 4: be a really beautiful learning experience for both of you.
Speaker 5: Totally, and just to like add to that as well,
Speaker 5: like I obviously don't have enough context here and what
Speaker 5: your friend's going through, but in that moment, trying to
Speaker 5: frame it as something that she shouldn't be ashamed of,
Speaker 5: shouldn't be embarrassed about that kind of thing, because that
Speaker 5: could really make someone spiral. Even myself as someone who
Speaker 5: I wouldn't consider having any very serious mental health issues,
Speaker 5: something like that would make me spiral into oblivion. So
Speaker 5: I would say keep that in mind. Also, just trying
Speaker 5: to find out best ways to support her moving forward
Speaker 5: without like the financial support basically like physical and mental
Speaker 5: emotional support. Trying to find the best way to I
Speaker 5: guess like meet her needs without dishing out any more money.
Speaker 2: Yeah, so we got heaps of responses on this.
Speaker 4: A lot of them were saying, look, your money's gone,
Speaker 4: you're not getting it back. It's whether you who's a
Speaker 4: friend now too or not, which I thought was a
Speaker 4: really good point.
Speaker 8: Yeah.
Speaker 4: A lot of people were saying, look, I just wouldn't
Speaker 4: pay for any more sessions moving forward again, wouldn't ask
Speaker 4: for the money back. A lot of people said, she
Speaker 4: really needs to help herself. It's actually not up to you,
Speaker 4: like you don't have that power, which is really sad
Speaker 4: as someone like me who sometimes always wants to come
Speaker 4: in and.
Speaker 2: Fix everything, but it's true.
Speaker 4: A lot of people then said, you know, sit down
Speaker 4: and have an open conversation with her, talk to her
Speaker 4: about it, openly, have a frank conversation. A lot of
Speaker 4: people wanted to let us know about the ten times
Speaker 4: I think it's twelve times Medicare rebate psychology sessions if
Speaker 4: you go to your GP and get a mental health
Speaker 4: care plan. I do also want to acknowledge that that
Speaker 4: is getting harder and harder to access nowadays. So it's
Speaker 4: hard nowadays, especially in Victoria. I know in Queensland it's
Speaker 4: really challenging. I don't know a lot about the other states,
Speaker 4: but I'm assuming we're all having the same issues because
Speaker 4: across the Borderustralian doctors are having to increase their prices.
Speaker 2: I'm not saying that's a bad thing.
Speaker 4: They cost of living, crisis paying their staff, all of that,
Speaker 4: like it has to come into it, but Medicare is
Speaker 4: not keeping up and finding a GP that has no
Speaker 4: gap is getting increasingly hard. If you found a GP
Speaker 4: that has no gap and you just can claim it
Speaker 4: all or medicare. It's even harder to find a psychologist
Speaker 4: that operates under having no gap. If they do exist,
Speaker 4: they usually have a really long weight period. So I
Speaker 4: don't want you guys to think, oh, they just say
Speaker 4: go to medicare. But I've dried that and it's really hard.
Speaker 4: I totally get it. It's becoming inaccessible and we need
Speaker 4: to do a lot more about it. However, it is
Speaker 4: still a very valid pathway, and I wouldn't be discouraged
Speaker 4: knowing that information. I'd go, all right, well, I'll give
Speaker 4: it a crack, because you know what, even if there
Speaker 4: is a six month weight period, you're going to need
Speaker 4: the help in six months anyway as well.
Speaker 2: Yes, you need immediate help.
Speaker 4: I totally get that, and we're going to put a
Speaker 4: whole heap of tools and resources in our show notes
Speaker 4: for you that involve immediate help. But if you want
Speaker 4: to get onto a mental health care plan, I wouldn't
Speaker 4: shy away from the weight I'd sign up. And you
Speaker 4: know what can I do in the interim? How can
Speaker 4: I you know, build towards that because it could be
Speaker 4: invaluable to changing your life in a way that you
Speaker 4: want it to Again, lots of people are saying, look,
Speaker 4: it's really hard, but I would accept it as a
Speaker 4: money loss, but keep my friend. Basically, all of your
Speaker 4: responses were really on the same page, which I really liked.
Speaker 2: That's not that common.
Speaker 4: Usually there's like lots of like spicy opinions like oh,
Speaker 4: you should tell your friend off, or should cut them
Speaker 4: out if you do this, you should do that. Everyone
Speaker 4: here in our DMS this week has been so empathetic
Speaker 4: and kind. Wow, that's so lovely, which honestly we kind
Speaker 4: of expected from how She's on the Money community. But yeah,
Speaker 4: lots of people were just saying, look, it's just really
Speaker 4: important that next time you do something like this, set
Speaker 4: really clear boundaries about what you're paying actually means.
Speaker 2: So that's probably a good place to leave it. Guys. Anyway,
Speaker 2: have the best week.
Speaker 4: We will see you bright and early on Monday morning
Speaker 4: for a Money Diaries.
Speaker 2: See you later, Bye, guys.
Speaker 6: Bye.
Speaker 4: The advice shared on She's on the Money is general
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Speaker 4: on the Money exists purely for educational purposes and should
Speaker 4: not be relied upon to make an investment.
Speaker 2: Or financial decision.
Speaker 4: If you do choose to buy a financial product, read
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