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Speaker 1: She's on the Money. She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: for millennials who want financial freedom. Today, guys is Friday,

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Speaker 2: which means it is time to sit back with the

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Speaker 2: girls with a bev in hand, to unpack our favorite

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Speaker 2: moments of the week and to of course celebrate you

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Speaker 2: our incredible She's on the Money community. As always, we're

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Speaker 2: going to be sharing our favorite money wins. We're going

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Speaker 2: to discuss what's making news in the finance world. But

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Speaker 2: first it is time, as always, to recap the week

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Speaker 2: that was Miss Jessica DC. I called you Miss Jessica

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Speaker 2: Ricky on Instagram the other day and I got rimmed,

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Speaker 2: but they were like, what are you doing her? Jessica Ricky?

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Speaker 3: Potato Potato the richie is just a little extra finesse.

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Speaker 4: You know.

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Speaker 2: She has a little bit of spice and I like

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Speaker 2: to add it. But I was just calling it as

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Speaker 2: it was on an Instagram story. I will never do

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Speaker 2: that again, just so you know, Jessicatorychi, but without further ado,

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Speaker 2: could you please tell us what happened on Monday's Money Diary.

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Speaker 2: It was a goodie, it sure was.

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Speaker 3: We spoke to gorgeous gal who is just killing the

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Speaker 3: property game. I was very ex as someone who's just

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Speaker 3: starting that process. She was younger than I am and

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Speaker 3: absolutely killing it. She started her story off she went

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Speaker 3: through a breakup and then got a house or by herself.

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Speaker 4: We love to see it.

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Speaker 3: She then went on to get a property with her partner,

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Speaker 3: which they now own together. It's an investment and they're

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Speaker 3: looking at buying another one at the end.

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Speaker 2: Of the Surgeon twenty five and owning three properties, I

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Speaker 2: mean owning three mortgages, so she doesn't own them outright,

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Speaker 2: but this woman incredible it all.

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Speaker 3: By herself, no parental help, know nothing, and it was

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Speaker 3: just really really impressive to hear.

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Speaker 2: And it was beyond inspiring to hear as well, because

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Speaker 2: this is going to sound, you know, as stereotypical as

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Speaker 2: it comes and like it's not in she's on the

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Speaker 2: money form to say something like this, but it absolutely

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Speaker 2: I think needs to be addressed. Like Jess, you will

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Speaker 2: agree here, this girl got on zoom. She was stunning,

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Speaker 2: like she was one of the most beautiful humans I

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Speaker 2: have ever laid eyes on, like blue eyes, blonde hair,

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Speaker 2: like stereotypically gorgeous, so much so that I would assume

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Speaker 2: that in her industries it is very hard to be

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Speaker 2: taken seriously because of how beautiful she is, and that's

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Speaker 2: a very common thing in the corporate world. But when

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Speaker 2: she was like, oh yeah, and I've just been promoted

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Speaker 2: to lawyer, I was like, yes you boss, Like I

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Speaker 2: was so proud of her because she was like, not

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Speaker 2: only gorgeous, but clearly wildly intelligent. I was just like

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Speaker 2: this woman. And then I was real perby and I

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Speaker 2: was like, did you do it without a Garran talk?

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Speaker 2: Because we all want to know She's like, yep, I

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Speaker 2: say for my first home was a stepping stone. I did, Like, guys,

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Speaker 2: if you haven't listened to this eisode, go and listen

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Speaker 2: to it, because she is breaking down the myth that

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Speaker 2: millennials aren't going to have properties because she's got three

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Speaker 2: of her own already.

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Speaker 5: Did she have lots of tips and tricks in there. Yeah,

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Speaker 5: she had a few moose of us who aren't they yet?

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Speaker 3: Yeah, she shared with us a lot of really good

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Speaker 3: insight in her initial message. Trust she actually said and

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Speaker 3: made sure to highlight that part of getting into her

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Speaker 3: first home was taking advantage of all of the government

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Speaker 3: schemes and stuff that are available first home buyers. And

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Speaker 3: I did ask her a little bit about how she

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Speaker 3: did that.

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Speaker 4: Did sheoose broker?

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Speaker 3: And she did it all by herself, So she gave

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Speaker 3: her tips on where to look for that information, how

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Speaker 3: to figure it out, which I think is going to

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Speaker 3: be really helpful to anyone who's in the same position.

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Speaker 2: It was really inspiring because she'd made the most of

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Speaker 2: her situation and been like, all right, well, no one's

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Speaker 2: going to give me a leg up. I'm going to

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Speaker 2: find a way to give myself a leg up. And

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Speaker 2: she actually, from what I understand, Jess really built out

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Speaker 2: how she was going to buy a property with how

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Speaker 2: many resources she could lean on. And I found that

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Speaker 2: super impressive because Georgia she ended up purchasing in twenty

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Speaker 2: twenty and got forty five thousand dollars ish in grants.

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Speaker 2: Like what really?

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Speaker 3: Yeah, so she like timed it with all of that stuff.

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Speaker 3: Obviously she'd done some work on her own save her deposit,

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Speaker 3: but yeah, really smart to take advantage of those things.

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Speaker 3: So definitely, well work the lesson if you are interesting property.

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Speaker 2: And absolutely love Cooky, We'll get her on the property

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Speaker 2: playbook when that fire's back up because I reckon, she

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Speaker 2: can teach us a lot, and George, she was a

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Speaker 2: queen at op shopping as well, Like I reckon, you

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Speaker 2: too would have gone along like a house on fire.

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Speaker 5: All right, look forward to it.

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Speaker 2: George moving away from property and what happened on money?

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Speaker 2: Does talk us through what happened on our Wednesday deep

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Speaker 2: Dive episode, I.

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Speaker 5: Can certainly do that. So on Wednesday we discussed the

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Speaker 5: ins and out of managing money in a blended family,

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Speaker 5: so specifically we kind of honed in on how you

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Speaker 5: would manage money if your partner has a child and

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Speaker 5: you don't, or vice versa perhaps, which was really interesting

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Speaker 5: because it's not something we've ever spoken about on the

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Speaker 5: pod before. It's not something I've ever thought about because

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Speaker 5: it doesn't apply to me personally, and I'm a selfish person.

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Speaker 2: No you're not. You're just not dating someone with a child.

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Speaker 5: Exactly, but so many of us are. But we all

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Speaker 5: know people in these kinds of situations, and it is

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Speaker 5: at a surface level it might not seem that complex,

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Speaker 5: but when you kind of drill down into it, it

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Speaker 5: really was interesting hearing how people do manage this and

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Speaker 5: what the expectations are and how important having that open

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Speaker 5: line of communication is between you and your partner ex'es

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Speaker 5: are involved. Yeah, it was a really interesting chat, and

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Speaker 5: you also discussed with us be how to actually have

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Speaker 5: that conversation with your partner to set those boundaries and parameters.

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Speaker 5: So yeah, it was really interesting, Chash. I enjoyed it.

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Speaker 2: I mean, at the end of the day, I think

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Speaker 2: the summary there whereas it's better to be honest and

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Speaker 2: open and have the conversation. Yeah, there's no right or

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Speaker 2: wrong way to have that conversation because everybody's relationship is

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Speaker 2: so wildly different, But in twenty twenty two, it's a

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Speaker 2: really big conversation to be having because I believe that

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Speaker 2: there are a lot of people in our community that

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Speaker 2: are single parents or at some point in the back

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Speaker 2: of their mind they're like probably going to be a

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Speaker 2: single parent. Like this isn't going the way I wanted

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Speaker 2: it to, And I just feel like the idea of

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Speaker 2: getting into a relationship when you are a parent can

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Speaker 2: be quite overwhelming. I'm not saying that from experience. I'm

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Speaker 2: saying that having spoken to a lot of clients who

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Speaker 2: are single parents who just go I don't even know

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Speaker 2: how to approach that, like what do you do? How

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Speaker 2: does it work? But open honest communication for the entirety

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Speaker 2: of the relationship I think is the best policy.

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Speaker 3: I also feel like it's a good conversation to have

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Speaker 3: because the traditional quote unquote familial structure that existed, you know,

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Speaker 3: a couple of decades go, actually isn't really the norm anymore.

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Speaker 3: Like so many families approach things differently now that your

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Speaker 3: stock standard mom and dad have you know, one income

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Speaker 3: because dad goes to work and mom stays at home

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Speaker 3: with the kids.

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Speaker 4: Like it's actually just not a thing.

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Speaker 3: We have all of these different shapes and forms of relationships,

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Speaker 3: and that means that the way we have these conversations

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Speaker 3: and the way that we manage our finances is going

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Speaker 3: to look so different now nowadays.

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Speaker 2: As well, George, Jess, I feel like the three of

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Speaker 2: us are actually in a very similar position when it

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Speaker 2: comes to families. And you might agree with me here,

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Speaker 2: it's not, from my perspective, the norm. So Jess and George,

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Speaker 2: I believe your parents are still together, and from my perspective,

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Speaker 2: growing up, all my friends had divorced parents, like I

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Speaker 2: think I had one other friend that's parents were still married,

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Speaker 2: and to me, it was very normal to have friends

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Speaker 2: with divorced parents and seeing their parents, you know, get

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Speaker 2: new partners and go through all of that that Sometimes

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Speaker 2: I was like, and I would never, you know, want

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Speaker 2: that for my parents, but I was like, oh, it's

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Speaker 2: not that normal to stay married. What like, Did you

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Speaker 2: have similar experiences?

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Speaker 3: I think I definitely had quite a few friends that

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Speaker 3: went through this experience, you know, throughout the years. I

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Speaker 3: don't know that I ever questioned my own, like I guess, situation,

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Speaker 3: but I definitely think that it was really obvious to

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Speaker 3: me from a really young age that there were all

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Speaker 3: these different ways to do things. And I think, if anything,

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Speaker 3: it really just made me aware that if something's not working,

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Speaker 3: there's nothing wrong with changing that situation.

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Speaker 4: You know, back in the day it was maybe not.

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Speaker 3: The best, you know, or there might have been shame

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Speaker 3: or things like that tied to it, but I see, yeah,

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Speaker 3: whereas now I kind of just go okay, great, like

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Speaker 3: that relationship works purpose and that's fine and it was

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Speaker 3: a great season of your life hopefully, but there's nothing

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Speaker 3: wrong with going okay, like, actually that doesn't work, and

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Speaker 3: if anything, it's better for everyone involved to go your

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Speaker 3: separate ways, make sure it's amicable, and then open yourself

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Speaker 3: up to new relationships, new financial conversations, just a whole

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Speaker 3: new way of doing things.

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Speaker 2: Totally, and I really like what you just said. There

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Speaker 2: was a season of a relationship, and not all relationships

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Speaker 2: are going to last. But it doesn't I guess downplay

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Speaker 2: how impactsful they were like that relationship, you know, unless

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Speaker 2: it was a terrible relationship, in which case I wish

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Speaker 2: you were never in it, my friends, but sometimes relationships

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Speaker 2: help us form who we are, and that might not

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Speaker 2: be the same person that entered that relationship. And that's

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Speaker 2: totally okay. But we are not a relation podcast. So

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Speaker 2: let's talk more about money. Georgia King, let's loop back

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Speaker 2: to you what if you got when it comes to

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Speaker 2: money wins from the Shees on the Money community this.

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Speaker 5: Week, let's loop back. I loved that from you. Some

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Speaker 5: caucers as per ladies.

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Speaker 2: Let's see what a surprise guys, The She's on the

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Speaker 2: Money community does it again, they've delivered.

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Speaker 5: The first win is from Victoria.

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Speaker 2: Oh, I thought you said you weren't going to call

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Speaker 2: me out like this again.

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Speaker 5: I don't think you did. Post this one girl. No,

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Speaker 5: I'm just really kids I'm not aware of. So Victoria

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Speaker 5: was in desperate need of some new pants because after

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Speaker 5: two kids in two years, her old ones just didn't

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Speaker 5: fit the same. She then got four pairs of pants

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Speaker 5: and a pair of sandals she's had her eye on

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Speaker 5: for a while. And here comes the money win. I

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Speaker 5: felt no guilt for having quay money, which hasn't happened

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Speaker 5: in years.

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Speaker 4: A little bit.

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Speaker 2: That I want to know more about Victoria's mindset, Like

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Speaker 2: how did you come into that mindset, because that's such

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Speaker 2: a hard mindset to battle that you do deserve new clothes,

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Speaker 2: especially after having two kids. You bat us like that

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Speaker 2: is so cool to know that she's like not guilty

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Speaker 2: about something that so many people are gonna still feel

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Speaker 2: guilt about.

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Speaker 4: Which they absolutely shouldn't.

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Speaker 2: No, absolutely you shouldn't.

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Speaker 5: Have We done a potty on spending and guilt yet,

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Speaker 5: I don't know if we have.

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Speaker 2: I believe we've covered the topic. We haven't done a

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Speaker 2: full podcast on it, but geez, I think you're onto

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Speaker 2: something that's a good pod topic. Jess added to the

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Speaker 2: least done.

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Speaker 4: And done all right.

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Speaker 5: The next one here is from Anna. She bought a

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Speaker 5: laptop from work for thirty dollars or sold it for

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Speaker 5: four hundred dollars.

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Speaker 2: Nowell, you buy a thirty dollars laptop.

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Speaker 4: I don't know.

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Speaker 2: There is so much missing context here, but let's not

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Speaker 2: look into it. We're not. That's a very good money win.

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Speaker 5: The next one is from merin money. When I picked

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Speaker 5: up four pieces of cane furniture off the side of

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Speaker 5: the road a year ago for free, and I sold

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Speaker 5: it all this week for one hundred and sixty dollars.

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Speaker 4: Yeah you did.

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Speaker 2: That's so cool. Would my mom would have had a

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Speaker 2: field day with that. She loves some caine lounge lates.

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Speaker 5: I remember that. I thought of your mum as well.

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Speaker 5: Did you actually used to have some canes?

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Speaker 1: Yeah?

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Speaker 4: She was like, mum sorted me out.

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Speaker 2: Alex loves some caine in her bedroom and my mummy

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Speaker 2: is I guess the queen of finding cain on the

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Speaker 2: side of the road and re sprang it white and

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Speaker 2: using it like our house is basically Kane.

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Speaker 5: Yes, stunning. I was always jealous of Devo's BedHead.

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Speaker 2: Oh she did have you know? For those of you

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Speaker 2: who know, it's the big peacock rattan bedheads gorge was

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Speaker 2: very fancy, very she very jealous.

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Speaker 5: The next win here is from Jess Gosh, the whole

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Speaker 5: team's getting involved. My car service was quoted at fourteen

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Speaker 5: hundred dollars but came in at seven hundred and eighty will.

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Speaker 4: That's a win.

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Speaker 5: It's a win. The next one is from Allen not

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Speaker 5: a super relatable one, but I bought a house at

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Speaker 5: the start of last year for four hundred and seventy

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Speaker 5: five thousand dollars, and I spent thirty thousand dollars on Reno's.

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Speaker 5: I've just had it revalued at six hundred and centy

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Speaker 5: thousand dollars a year later, which makes me feel like

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Speaker 5: all of that bargain hunting, hard work and long days

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Speaker 5: were worth it.

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Speaker 2: Oh my god, imagine that is such a big increase

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Speaker 2: in price. How stoked would you be?

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Speaker 5: Kah my God thinks out.

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Speaker 2: The equity they were having their property and their ability

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Speaker 2: to leverage into another property if they're in that financial situation,

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Speaker 2: like the financial freedom that affords. I love it.

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Speaker 5: Bravo, well done Alan. Our sixth and final win of

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Speaker 5: the week. I actually chose this one for you, Victoria Define.

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Speaker 5: It is from Vienna Money Win My Woolworths had the

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Speaker 5: ten pack Cotties spark Boys Drinks I'm special for eight

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Speaker 5: dollars seventy five, down from thirteen seventy five Happy Dance,

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Speaker 5: she wrote.

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Speaker 2: Look happy dance, but I got it for seven dollars

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Speaker 2: a couple of weeks ago. So stuff that in your

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Speaker 2: pipe and smoke it.

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Speaker 5: I wonder if you influenced Vienna to purchase those feeds.

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Speaker 5: You were a fan of those during your COVID days,

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Speaker 5: Am I right?

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Speaker 2: And it's not just COVID like I'm obsessed, like is

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Speaker 2: full of the sparkling Cottis. I think the flavor is

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Speaker 2: called Cooler whatever the green one is. I'm obsessed. I

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Speaker 2: have no regrets. I will die on that hill. It

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Speaker 2: is the best drink that has ever existed.

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Speaker 4: Heaven.

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Speaker 5: Well, that is all I have for you at my girls.

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Speaker 2: Let's go on a break. I'm going to grab a

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Speaker 2: Cotty's cooler, not sponsored, just good, and we'll come back

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Speaker 2: and talk about what's happening in the finance world. Stay

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Speaker 2: right there.

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Speaker 3: Already, anyone who listened to Friday Drinks last week would

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Speaker 3: know that we pushed it out because there's something obviously

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Speaker 3: pretty hectic going on in the world right now, and

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Speaker 3: I think we do need to talk about it, especially

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Speaker 3: because I've seen it impact and kind of overflow onto

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Speaker 3: our platforms, which is why I want to bring it up. Obviously,

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Speaker 3: last week Russia went to war with Ukraine, which I

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Speaker 3: can't even believe I am saying those words. It is

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Speaker 3: really really hard to wrap your head around the devastation

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Speaker 3: that's going on, and so we chose on our platforms

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Speaker 3: to pause everything for a couple of days to really

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Speaker 3: allow the news to sync in for our team, because

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Speaker 3: I'll be honest when I say I was definitely struggling

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Speaker 3: with it a little bit, and I know that it's

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Speaker 3: impacted the rest of us as well, but then also

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Speaker 3: to just allow the more important voices to shine through

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Speaker 3: the news coverage, the charity where all of those things,

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Speaker 3: and if you are looking for ways you can support,

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Speaker 3: we do have a link in our bio on our

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Speaker 3: Instagram and we'll pop something in the show and it's

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Speaker 3: as well with some resources and links where you can donate.

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Speaker 3: But I guess the flow on effect of this news

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Speaker 3: beyond mental health, beyond all of that, and before I

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Speaker 3: jump into it, I'm going to acknowledge that this is

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Speaker 3: coming from a place of privilege. You know, we're sitting

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Speaker 3: at home in our safe country where right now, thankfully

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Speaker 3: we're not feeling the impacts of this too directly outside

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Speaker 3: of the mental stress and toll. But that being said,

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Speaker 3: it's raising a lot of questions for people because global

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Speaker 3: events like war impact the stock market, impact the property market,

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Speaker 3: impact all of these things that a lot of us impact.

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Speaker 2: Fuel prices, Well, it's going to impact everything, and.

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Speaker 4: It impacts I guess this community is all.

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Speaker 3: About working towards financial freedom and thinking about our financial futures.

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Speaker 3: And I've seen a few questions being placed into our

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Speaker 3: groups around this, and there's been a lot of discourse

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Speaker 3: in response. And that's why I wanted to open this

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Speaker 3: conversation because I want to start by saying completely respectfully,

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Speaker 3: what's going on overseas is absolutely imporrent, Like there is

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Speaker 3: no question that if I could snap my fingers and

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Speaker 3: stop it in a second, I would give anything to

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Speaker 3: be able to do that. But with that being said,

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Speaker 3: we need to remember that the people who are asking

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Speaker 3: these questions, and the ones that I sawt were respectful.

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Speaker 3: People are going to have questions because where I think

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Speaker 3: we're all a little bit anxious. We're concerned about our future,

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Speaker 3: We're concerned about our finances and the broader impacts that

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Speaker 3: this might have on us. And while I completely can

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Speaker 3: see the one side of it, people going this is

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Speaker 3: really insensitive. People have it much worse than us. Completely

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Speaker 3: understand that, but let's take a step back and not

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Speaker 3: let our fear cause us to react with anger, because

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Speaker 3: I think that's a little bit of what I was

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Speaker 3: seeing was people being really stressed and being really anxious

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Speaker 3: and saying, oh my god, how can you possibly think

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Speaker 3: about that when people are dying, And again fully recognizing

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Speaker 3: that we're living in a lot of privilege and I'm

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Speaker 3: never being more grateful to be where I am. But

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Speaker 3: I understand people's concern and I think that in uncertain times,

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Speaker 3: people turn to community and turn to their safe space

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Speaker 3: to try and find more information. And I really encourage

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Speaker 3: people in our communities and outside of our communities to

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Speaker 3: not react so quickly and out of anger. Let's try

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Speaker 3: and understand where people are coming from, because these are

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Speaker 3: important conversations. If you have an investing strategy in place, yeah,

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Speaker 3: how is that impacted a one thousand percent? And you're right, Jess,

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Speaker 3: like she's on the money from our perspective, should always

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Speaker 3: be a safe place, and you should be safe and

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Speaker 3: comfortable to ask those questions without people, I guess, jumping

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Speaker 3: down your throat and saying they're disrespectful. Something that you

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Speaker 3: and I had a conversation about last week, and I

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Speaker 3: was incredibly frustrated with was how trivial it was being

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Speaker 3: made out to be by a lot of other finance

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Speaker 3: could you say, like podcasts and content creators and platforms,

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Speaker 3: where they were you know, posting memes about, oh my gosh,

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Speaker 3: the share markets crashing like I should buy some shares,

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Speaker 3: or posting pictures of cats saying like, oh my gosh,

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Speaker 3: like the share markets on sale. And I just think

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Speaker 3: that there is space to have these conversations. There is

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Speaker 3: absolutely not space in our community to to realize this

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Speaker 3: or make it some kind of comedic piece of content,

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Speaker 3: But we should be having a conversation about the impacts

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Speaker 3: of this and what this means. I don't think it

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Speaker 3: means that we're comparing what's going on over in Ukraine

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Speaker 3: and Russia to what's going on here When we say, well,

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Speaker 3: how does this impact my share portfolio? I do think

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Speaker 3: it's a very valid question that we need to address.

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Speaker 3: But you're right, Jess, we need to go all right,

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Speaker 3: we can see what's going on, but we still do

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Speaker 3: need to have these conversations because the more people that

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Speaker 3: have financial security in our community and in the world

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Speaker 3: in general, means there are more people to contribute to

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Speaker 3: things like this when they do happen, so that we

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Speaker 3: can financially support ourselves or our family members and you know,

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Speaker 3: people around us.

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Speaker 2: And I'm acutely aware that there is quite and I

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Speaker 2: didn't realize this, and I'm very grateful, but I've had

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Speaker 2: a lot of messages over the weekend from people, you know,

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00:18:34,840 --> 00:18:37,080
Speaker 2: saying thank you, which you shouldn't have to do. We

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00:18:37,240 --> 00:18:39,399
Speaker 2: just did the right thing, and we shouldn't be thanked

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Speaker 2: for doing the right thing saying I'm from Ukraine or

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Speaker 2: my family are Ukrainian or I'm Russian, and this is

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Speaker 2: not who we are. And I just am so grateful

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Speaker 2: that people like this are reaching out. But we don't

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Speaker 2: want to downplay how horrendous this is by talking about

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Speaker 2: what does it mean for share prices, or hey, Jess

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Speaker 2: and George, let's talk about how this actually impacts fuel price,

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Speaker 2: because it does, and I want you guys to be educated,

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Speaker 2: and this is actually a piece of that education. I

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Speaker 2: don't want to skimp out and not share that information

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00:19:08,080 --> 00:19:11,480
Speaker 2: for fear of being seen as insensitive. My job is

403
00:19:11,520 --> 00:19:14,399
Speaker 2: to educate you and keep you across issues when it

404
00:19:14,440 --> 00:19:18,040
Speaker 2: comes to financial literacy, and you know your financial wellness,

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Speaker 2: and this is one of them. Whether you are impacted

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Speaker 2: because you live in Ukraine or you are impacted because

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Speaker 2: your share portfolio went through the floor, both of those

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Speaker 2: are very valid, one obviously far more significant than the other.

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Speaker 2: But that doesn't downplay the fact that some people in

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Speaker 2: our community might be going, oh my god, that's all

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Speaker 2: my life savings. I'm so stressed. You deserve an explanation.

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Speaker 2: You deserve to have that explained to you properly.

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Speaker 5: Really well said that by both of you. And there

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Speaker 5: are also so many other amazing news podcasts where you

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Speaker 5: can get all of this information about what's happening in

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Speaker 5: Ukraine and Russia. So we're a finance podcast, and I

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Speaker 5: think it is really important that we talk about how

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Speaker 5: this is going to impact all of us, even though

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Speaker 5: we are on the other side of the world. I

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Speaker 5: feel like probably the easiest place to start is by

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Speaker 5: chatting about fuel prices, because we've all probably noticed that

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Speaker 5: that has.

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Speaker 2: Not all of us have share portfolios, but most of

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Speaker 2: us have to pay for fuel, and over the last

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Speaker 2: few years it's gotten expensive. But a few of you

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Speaker 2: might have noticed it has just tipped over the two

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Speaker 2: dollar mark. Jess, you were having a soorco. I don't

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Speaker 2: know if this is the right thing to say.

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Speaker 4: It absolutely was.

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Speaker 2: Yeah, before we started recording, you were like, oh my god,

431
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Speaker 2: fuel was a two dollars when I was driving home,

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Speaker 2: and it is. It's crazy. But the thing that is

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Speaker 2: really interesting about fuel prices is I think a lot

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Speaker 2: of us are going, oh my gosh, it must be

435
00:20:36,040 --> 00:20:38,600
Speaker 2: because of the Ukrainian and Russian war, right, like that

436
00:20:38,720 --> 00:20:41,920
Speaker 2: must be it. But did you know that hardly any

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Speaker 2: oil or fuel products that are purchased by Australia and

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Speaker 2: imported to Australia are in fact imported from Russia. It's

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Speaker 2: like less than zero point zero one percent of our

440
00:20:51,480 --> 00:20:52,639
Speaker 2: imports are from Russia.

441
00:20:53,119 --> 00:20:57,080
Speaker 3: Really, yeah, I know that one of them exports really

442
00:20:57,119 --> 00:20:59,840
Speaker 3: heavily to Europe because I've seen that. There's been a

443
00:20:59,840 --> 00:21:02,359
Speaker 3: lot of talk about, you know, one of the ways

444
00:21:02,359 --> 00:21:04,960
Speaker 3: that countries are kind of putting their foot down without

445
00:21:05,119 --> 00:21:08,040
Speaker 3: directly involving themselves. Is like kind of putting a freeze

446
00:21:08,119 --> 00:21:12,280
Speaker 3: on trade and purchase of certain items. Is So, is

447
00:21:12,280 --> 00:21:14,280
Speaker 3: it the flow on effect of just going, well, there's

448
00:21:14,320 --> 00:21:17,000
Speaker 3: about to be scarcity in Europe, so pump up the

449
00:21:17,080 --> 00:21:18,719
Speaker 3: prices or is it something different?

450
00:21:18,880 --> 00:21:21,199
Speaker 2: Yeah, very similar to that. So when it comes to

451
00:21:21,240 --> 00:21:24,359
Speaker 2: Australian imports, we obviously manufacture some of our own, but

452
00:21:24,680 --> 00:21:26,879
Speaker 2: about two thirds of the oil that we have in

453
00:21:26,880 --> 00:21:30,000
Speaker 2: Australia actually comes from overseas, and we mainly get that

454
00:21:30,119 --> 00:21:34,280
Speaker 2: from Singapore, Korea and Japan. However, Russia is actually the

455
00:21:34,400 --> 00:21:38,000
Speaker 2: second biggest oil exporter in the world after the UAE,

456
00:21:38,240 --> 00:21:40,879
Speaker 2: so after Saudia Arabia, and it sells a lot of

457
00:21:40,880 --> 00:21:44,119
Speaker 2: it's oil to China and Europe. But the most interesting

458
00:21:44,240 --> 00:21:48,159
Speaker 2: thing here is that international oil sales are usually conducted

459
00:21:48,240 --> 00:21:52,280
Speaker 2: in US dollars, so it's not usually conducted in Australian dollars,

460
00:21:52,280 --> 00:21:55,320
Speaker 2: and there's obviously a level of currency exchange there, and

461
00:21:55,359 --> 00:21:58,480
Speaker 2: it doesn't matter who's involved, whether China is selling it

462
00:21:58,520 --> 00:22:01,600
Speaker 2: to the UAE, it is still like that transaction is

463
00:22:01,680 --> 00:22:04,399
Speaker 2: made in US dollars, which is kind of wild to

464
00:22:04,400 --> 00:22:07,560
Speaker 2: think about. But that's just how the oil industry works.

465
00:22:08,119 --> 00:22:10,879
Speaker 2: But because the USA has actually cut off two of

466
00:22:10,960 --> 00:22:14,360
Speaker 2: Russia's largest banks as kind of like a would you say,

467
00:22:14,400 --> 00:22:19,040
Speaker 2: like retaliation from Russia's actions against Ukraine, it's much harder

468
00:22:19,200 --> 00:22:23,040
Speaker 2: for Russia to sell oil. So what's happening. Everybody is

469
00:22:23,080 --> 00:22:26,840
Speaker 2: getting their oil from different locations and it's stopping massive

470
00:22:26,840 --> 00:22:30,800
Speaker 2: global oil sellers from selling oil to Russia and vice versa.

471
00:22:30,880 --> 00:22:33,600
Speaker 2: So they're churning to the suppliers that we have, but

472
00:22:33,680 --> 00:22:35,719
Speaker 2: they have much less of a supply than the two

473
00:22:35,800 --> 00:22:38,920
Speaker 2: biggest places, right, So that's why our prices are going

474
00:22:39,040 --> 00:22:42,280
Speaker 2: up because of supply and demand. There's far more demand

475
00:22:42,400 --> 00:22:46,440
Speaker 2: on our supply and because of that they can increase prices.

476
00:22:46,680 --> 00:22:49,560
Speaker 2: But also there seems to be this like as it

477
00:22:49,640 --> 00:22:54,120
Speaker 2: happened with toilet paper stockpiling, and people wanting to make

478
00:22:54,119 --> 00:22:56,320
Speaker 2: sure that they have enough for their countries, which is

479
00:22:56,440 --> 00:22:59,479
Speaker 2: totally fair, and like I would want to think that

480
00:22:59,560 --> 00:23:02,240
Speaker 2: Australia is thinking about that too, Like if the world's

481
00:23:02,280 --> 00:23:05,560
Speaker 2: going to war, which is that's what it looks like,

482
00:23:06,040 --> 00:23:08,320
Speaker 2: I would want to make sure that they are thinking

483
00:23:08,359 --> 00:23:10,640
Speaker 2: and our government is thinking about us and making sure

484
00:23:10,640 --> 00:23:12,479
Speaker 2: that we are okay, And that's one way to make

485
00:23:12,520 --> 00:23:15,320
Speaker 2: sure we are okay, because that's a massive commodity that

486
00:23:15,480 --> 00:23:18,520
Speaker 2: helps provide for our country, like oil is the thing

487
00:23:18,680 --> 00:23:21,640
Speaker 2: that transports our food around the country to make sure

488
00:23:21,680 --> 00:23:24,520
Speaker 2: that we are still having our shelves in woolies and

489
00:23:24,560 --> 00:23:27,520
Speaker 2: safeways stocked. Right, So I think that we go, oh well,

490
00:23:27,960 --> 00:23:30,880
Speaker 2: driving cars isn't the worst in Australia. It's actually our

491
00:23:30,960 --> 00:23:33,919
Speaker 2: main source of transportation for food and supplies.

492
00:23:34,000 --> 00:23:38,160
Speaker 3: It also factors into electricity and stuff in some way

493
00:23:38,200 --> 00:23:40,680
Speaker 3: as well, right, because I've been seeing a lot of reports.

494
00:23:41,119 --> 00:23:43,800
Speaker 3: Obviously half of the world is currently in winter. We're

495
00:23:43,840 --> 00:23:46,639
Speaker 3: in summer, but you know, there's a lot of concern

496
00:23:46,960 --> 00:23:52,320
Speaker 3: around access to resources to power your houses and your heating,

497
00:23:52,400 --> 00:23:56,440
Speaker 3: and obviously here where we are it's not as significant,

498
00:23:56,440 --> 00:24:01,240
Speaker 3: but a lot of countries it's negative degrees celsius, literally freezing.

499
00:24:01,880 --> 00:24:04,439
Speaker 3: So it also needs to be considered and allocated for

500
00:24:04,520 --> 00:24:05,240
Speaker 3: that purposes.

501
00:24:05,280 --> 00:24:05,520
Speaker 4: Wow.

502
00:24:05,560 --> 00:24:08,480
Speaker 2: Absolutely absolutely, And it would be a bit amiss of

503
00:24:08,520 --> 00:24:11,080
Speaker 2: me to not mention that fuel prices across the board

504
00:24:11,080 --> 00:24:14,440
Speaker 2: over the last nearly three years terrifyingly have been impacted

505
00:24:14,520 --> 00:24:18,840
Speaker 2: relatively significantly by COVID. So that's still at play, but

506
00:24:18,880 --> 00:24:22,160
Speaker 2: I feel like recently COVID's kind of been canceled. I'm

507
00:24:22,160 --> 00:24:23,960
Speaker 2: not saying it's not as big of an issue, but

508
00:24:24,000 --> 00:24:27,960
Speaker 2: there are obviously far more pressing things than the virus

509
00:24:28,240 --> 00:24:31,639
Speaker 2: because people are at war like that is definitely what

510
00:24:31,800 --> 00:24:33,679
Speaker 2: is taking up a lot of the airspace when it

511
00:24:33,680 --> 00:24:35,800
Speaker 2: comes to media now one hundred percent.

512
00:24:36,000 --> 00:24:38,840
Speaker 3: And so I guess we're going to We said we're

513
00:24:38,880 --> 00:24:43,200
Speaker 3: going to explore these topics. What does this potentially mean

514
00:24:43,600 --> 00:24:48,040
Speaker 3: for the share market? And again, you know, it's not

515
00:24:48,160 --> 00:24:49,679
Speaker 3: the be all and end or as you said, but

516
00:24:49,720 --> 00:24:52,679
Speaker 3: there will be people who are close to perhaps retirement

517
00:24:52,760 --> 00:24:55,119
Speaker 3: age or things of that nature, who are going to

518
00:24:55,160 --> 00:24:58,520
Speaker 3: see their super and other investment portfolios that they were

519
00:24:58,520 --> 00:25:01,000
Speaker 3: potentially relying on take a hit.

520
00:25:01,640 --> 00:25:01,879
Speaker 4: You know.

521
00:25:02,200 --> 00:25:06,480
Speaker 3: Can we expect to see the ramifications of this war

522
00:25:07,200 --> 00:25:09,760
Speaker 3: applying to us, even though as of right now we're

523
00:25:09,800 --> 00:25:11,560
Speaker 3: not necessarily directly involved.

524
00:25:11,880 --> 00:25:14,880
Speaker 2: Look, yes and no, Like I think that a lot

525
00:25:14,880 --> 00:25:17,720
Speaker 2: of people are terrified because the stock market has obviously

526
00:25:17,800 --> 00:25:21,040
Speaker 2: been really shook by the war in Ukraine, But I

527
00:25:21,119 --> 00:25:24,000
Speaker 2: don't believe that should change the way we are investing.

528
00:25:24,680 --> 00:25:28,040
Speaker 2: It shouldn't change your investment strategy or why you're investing

529
00:25:28,160 --> 00:25:32,520
Speaker 2: unless you are investing in Russian Russian shares and stocks,

530
00:25:32,560 --> 00:25:34,840
Speaker 2: which most of us in Australia won't actually have a

531
00:25:34,840 --> 00:25:37,440
Speaker 2: whole heap of exposure to. And if we do, it's

532
00:25:37,560 --> 00:25:39,840
Speaker 2: very likely that we either have that inner managed fund

533
00:25:40,000 --> 00:25:42,120
Speaker 2: or we have that in an ETF or an exchange

534
00:25:42,160 --> 00:25:45,960
Speaker 2: traded fund, and it's a small component of I guess,

535
00:25:45,960 --> 00:25:49,480
Speaker 2: the larger portfolio at play. And in that case, it's

536
00:25:49,520 --> 00:25:51,919
Speaker 2: actually not your decision. I mean, you can change your

537
00:25:51,920 --> 00:25:55,239
Speaker 2: ETF if you would like, but your fund managers are

538
00:25:55,240 --> 00:25:57,280
Speaker 2: probably looking at that and trying to make sure that

539
00:25:57,280 --> 00:25:59,639
Speaker 2: they are mitigating risk and making decisions that are in

540
00:25:59,680 --> 00:26:02,600
Speaker 2: line with the investment strategy that they have and what

541
00:26:02,720 --> 00:26:06,240
Speaker 2: keeps their investors safe, because that's their job. But the

542
00:26:06,320 --> 00:26:10,720
Speaker 2: share market is a very interesting place to be right now. Obviously,

543
00:26:10,760 --> 00:26:13,480
Speaker 2: on the day that it was announced last week, Jess,

544
00:26:13,560 --> 00:26:15,639
Speaker 2: we were in the office together, George went around for

545
00:26:15,720 --> 00:26:18,960
Speaker 2: this and it got announced and I was on a

546
00:26:19,040 --> 00:26:22,159
Speaker 2: video call with our investment team for my financial advice

547
00:26:22,240 --> 00:26:26,080
Speaker 2: business at the time, and the entire call got completely

548
00:26:26,160 --> 00:26:30,960
Speaker 2: railroaded with a bunch of financial advisors, compliance and investment

549
00:26:31,000 --> 00:26:34,359
Speaker 2: specialists watching what was going on in the market, and

550
00:26:34,400 --> 00:26:37,440
Speaker 2: by close of business that day, and Jess, I think

551
00:26:37,480 --> 00:26:39,720
Speaker 2: it was like after lunch, like we spent probably two

552
00:26:39,760 --> 00:26:42,080
Speaker 2: and a half hours on that zoom it had dropped

553
00:26:42,119 --> 00:26:44,960
Speaker 2: three percent, which is a massive drop for the share

554
00:26:45,000 --> 00:26:48,000
Speaker 2: market across the board. So the S and P five hundred,

555
00:26:48,000 --> 00:26:50,480
Speaker 2: which is like the top five hundred companies in the

556
00:26:50,640 --> 00:26:54,399
Speaker 2: US on average, had dropped three percent, which when you

557
00:26:54,520 --> 00:26:56,439
Speaker 2: kind of look at it and you go, we'll be

558
00:26:56,600 --> 00:27:00,119
Speaker 2: three percents not that much for across the board. The

559
00:27:00,280 --> 00:27:04,439
Speaker 2: average drop in a share market across five hundred different

560
00:27:04,480 --> 00:27:08,399
Speaker 2: businesses to be three percent, that's massive. Like that change

561
00:27:08,560 --> 00:27:11,679
Speaker 2: is very, very significant, and it makes sense as to

562
00:27:11,720 --> 00:27:15,480
Speaker 2: why people are genuinely shook by this and really scared.

563
00:27:16,000 --> 00:27:19,119
Speaker 2: But it's really important to remember why we are investing.

564
00:27:19,520 --> 00:27:22,000
Speaker 2: I think a lot of people are probably questioning their

565
00:27:22,040 --> 00:27:24,000
Speaker 2: portfolios and going, should I just take my money out?

566
00:27:24,119 --> 00:27:26,399
Speaker 2: Like should I just like sell down? Because if I

567
00:27:26,440 --> 00:27:28,760
Speaker 2: sell down, then I can't lose any more. And that's

568
00:27:28,800 --> 00:27:31,160
Speaker 2: where I need to remind you that, yeah, your share

569
00:27:31,200 --> 00:27:35,080
Speaker 2: portfolio might be valued at less, but it's only actually

570
00:27:35,119 --> 00:27:37,240
Speaker 2: going to turn into that amount of money if you

571
00:27:37,240 --> 00:27:38,840
Speaker 2: say I want to put my money out and you

572
00:27:38,920 --> 00:27:42,720
Speaker 2: crystallize that loss. As we've spoken about before, and from

573
00:27:42,760 --> 00:27:45,000
Speaker 2: what I'm understanding, and I'm doing a lot more reading

574
00:27:45,000 --> 00:27:48,199
Speaker 2: on the stock market over the last week, understandably is

575
00:27:48,359 --> 00:27:51,919
Speaker 2: all of the experts I'm either listening to or reading about,

576
00:27:52,119 --> 00:27:55,000
Speaker 2: or you know, having discussions with. There's been lots of

577
00:27:55,200 --> 00:27:59,480
Speaker 2: I guess, roundtable discussions happening in the financial services industry recently.

578
00:28:00,200 --> 00:28:02,720
Speaker 2: All of the advice, guys is, do not pull your

579
00:28:02,720 --> 00:28:06,480
Speaker 2: money out, don't stop investing, and any reaction you have

580
00:28:06,600 --> 00:28:09,119
Speaker 2: to the situation is much more likely to hurt you

581
00:28:09,160 --> 00:28:12,640
Speaker 2: than help you. And that has come straight from Jeremy Snyder,

582
00:28:12,680 --> 00:28:15,520
Speaker 2: who is a personal finance expert at the Personal Finance Club,

583
00:28:15,560 --> 00:28:18,720
Speaker 2: which I think is important to recognize because he's a

584
00:28:18,760 --> 00:28:22,359
Speaker 2: pretty big name in the US. But he's also doing

585
00:28:22,480 --> 00:28:25,480
Speaker 2: a whole heap of research. And as you guys know,

586
00:28:25,640 --> 00:28:28,119
Speaker 2: that's exactly what I would have said, Like, I would

587
00:28:28,160 --> 00:28:31,760
Speaker 2: not have said, oh, yes, sell your stocks, take a loss.

588
00:28:31,880 --> 00:28:34,240
Speaker 2: Most of us are in a period of our lives

589
00:28:34,359 --> 00:28:38,080
Speaker 2: where we're not necessarily needing to sell our stocks. It

590
00:28:38,160 --> 00:28:40,200
Speaker 2: might be a little bit frustrating for you if you're

591
00:28:40,240 --> 00:28:42,120
Speaker 2: in a situation where you're like, oh my god, Victoria,

592
00:28:42,200 --> 00:28:45,400
Speaker 2: I've been saving and investing for the last eight years.

593
00:28:45,600 --> 00:28:47,479
Speaker 2: I wanted to pull on my money out of stocks

594
00:28:47,480 --> 00:28:50,080
Speaker 2: this year to buy my first home. It's probably going

595
00:28:50,120 --> 00:28:53,080
Speaker 2: to railroad that decision. I am sorry. That is the case.

596
00:28:53,160 --> 00:28:55,720
Speaker 2: That is the nature of the investing world. But the

597
00:28:55,760 --> 00:28:57,880
Speaker 2: beauty of the investing world is you can wait a

598
00:28:57,920 --> 00:29:00,240
Speaker 2: little bit longer until the sher market has been unced

599
00:29:00,320 --> 00:29:02,920
Speaker 2: back a little bit to make that decision, and that

600
00:29:02,960 --> 00:29:05,800
Speaker 2: would be a part of your investing strategy. So that's

601
00:29:05,920 --> 00:29:08,920
Speaker 2: also why guys, I never want you to invest for

602
00:29:08,960 --> 00:29:12,200
Speaker 2: a short period of time, because imagine, Jess, if I

603
00:29:12,240 --> 00:29:14,120
Speaker 2: had been speaking to you and you've been saving for

604
00:29:14,160 --> 00:29:16,200
Speaker 2: your first home for the last few years, and you

605
00:29:16,240 --> 00:29:18,280
Speaker 2: and I have known each other for a while. Now,

606
00:29:18,600 --> 00:29:20,920
Speaker 2: imagine if I'd sat you down and said, yeah, Jess, like,

607
00:29:21,040 --> 00:29:23,560
Speaker 2: why don't you put all your money in the share

608
00:29:23,600 --> 00:29:25,760
Speaker 2: market and let it grow and then when you want

609
00:29:25,800 --> 00:29:28,760
Speaker 2: to purchase a home, I A right, now, you can

610
00:29:28,760 --> 00:29:30,680
Speaker 2: pull that money out and we'll use that money to

611
00:29:30,720 --> 00:29:34,000
Speaker 2: buy Would that have been, in this situation a good idea?

612
00:29:34,520 --> 00:29:37,200
Speaker 4: Yeah, obviously not. That would have been really detrimental.

613
00:29:37,520 --> 00:29:39,760
Speaker 2: No, But lots of people are like, oh, but I'm

614
00:29:39,800 --> 00:29:42,600
Speaker 2: missing out on the returns in the short term. It's like, no,

615
00:29:43,240 --> 00:29:46,920
Speaker 2: you don't have the grace of writing it out. But Jess,

616
00:29:46,960 --> 00:29:49,240
Speaker 2: if you'd said, yeah, well, if I buy now or

617
00:29:49,240 --> 00:29:51,280
Speaker 2: if I buy in five years, I don't really mind,

618
00:29:51,400 --> 00:29:53,160
Speaker 2: I would have been like, all right, well, investing might

619
00:29:53,160 --> 00:29:55,600
Speaker 2: be an option for you because you don't seem so

620
00:29:55,640 --> 00:29:58,040
Speaker 2: set on that timeframe and you're not too worried if

621
00:29:58,080 --> 00:30:01,040
Speaker 2: I say, as an advisor, don't pull your money out,

622
00:30:01,080 --> 00:30:03,240
Speaker 2: not worth it yet, and you are, yeah, right, I'll

623
00:30:03,280 --> 00:30:05,840
Speaker 2: just wait another year. Oras you're not in that position.

624
00:30:05,920 --> 00:30:07,880
Speaker 2: You don't want to wait another year. You want to

625
00:30:07,920 --> 00:30:10,440
Speaker 2: buy now. Like there's a sense of urgency about that,

626
00:30:10,520 --> 00:30:13,240
Speaker 2: and that's okay, and lots of people have that sense

627
00:30:13,240 --> 00:30:16,479
Speaker 2: of urgency. But that's why we really need to you know,

628
00:30:16,640 --> 00:30:19,320
Speaker 2: obviously invest in line with our values and our goals,

629
00:30:19,360 --> 00:30:22,880
Speaker 2: but also respect that the stock market is a stock market,

630
00:30:23,000 --> 00:30:26,120
Speaker 2: like we don't have that much control over it, or

631
00:30:26,240 --> 00:30:29,640
Speaker 2: we have is historical data to go across and a

632
00:30:29,720 --> 00:30:32,680
Speaker 2: risk and reward chart, and how we can actually invest

633
00:30:32,720 --> 00:30:37,320
Speaker 2: in that is not necessarily personal preference. It's actually what

634
00:30:37,480 --> 00:30:38,600
Speaker 2: is right to do.

635
00:30:38,920 --> 00:30:40,760
Speaker 3: And I mean, no one could have made a prediction, right.

636
00:30:40,800 --> 00:30:42,560
Speaker 3: I don't think anybody would have been sitting at home

637
00:30:42,600 --> 00:30:44,080
Speaker 3: this time last year and gone, you know what I

638
00:30:44,120 --> 00:30:45,680
Speaker 3: reckon is going to happen in twelve months.

639
00:30:45,800 --> 00:30:47,240
Speaker 4: I think there's going to be another war.

640
00:30:47,640 --> 00:30:52,440
Speaker 3: And I think that that sudden change, or that volatility

641
00:30:52,880 --> 00:30:56,200
Speaker 3: is what's really scary for me personally. It's giving me

642
00:30:57,120 --> 00:30:59,840
Speaker 3: and I mean for me personally, it's giving me a

643
00:31:00,040 --> 00:31:02,880
Speaker 3: lot of anxiety around when I think back to wars,

644
00:31:02,920 --> 00:31:04,640
Speaker 3: I think about to like World War One or World

645
00:31:04,680 --> 00:31:08,960
Speaker 3: War two and the huge impact that that had. Obviously,

646
00:31:09,000 --> 00:31:12,000
Speaker 3: we're definitely not there right now, but there's a lot

647
00:31:12,040 --> 00:31:15,280
Speaker 3: of talk about where this could potentially go, and obviously

648
00:31:15,560 --> 00:31:18,880
Speaker 3: you would hope that that's absolutely not the case. But

649
00:31:18,960 --> 00:31:21,280
Speaker 3: I think that's why people are having these questions and

650
00:31:21,320 --> 00:31:23,880
Speaker 3: why it was important for us to have this conversation.

651
00:31:24,360 --> 00:31:27,680
Speaker 3: And I just wanted to touch on as well the

652
00:31:27,720 --> 00:31:30,560
Speaker 3: mental health aspect. And you know, we were having this

653
00:31:30,640 --> 00:31:32,680
Speaker 3: conversation off air, the three of us, and you know,

654
00:31:32,720 --> 00:31:34,959
Speaker 3: I was talking about how anxious I'm feeling about it

655
00:31:35,040 --> 00:31:38,000
Speaker 3: and how people are reacting to these conversations that we've

656
00:31:38,040 --> 00:31:42,720
Speaker 3: been seeing, and I Guess you said it's important to

657
00:31:42,920 --> 00:31:46,640
Speaker 3: not downplay what I'm feeling, and you know, it's important

658
00:31:46,680 --> 00:31:49,400
Speaker 3: for our community to not downplay what you're feeling, because

659
00:31:49,840 --> 00:31:52,840
Speaker 3: I think what I said was I'm so afraid. I'm

660
00:31:52,920 --> 00:31:56,680
Speaker 3: genuinely so scared for the people that are in Ukraine,

661
00:31:56,720 --> 00:31:58,720
Speaker 3: the people that are in Russia that are having to

662
00:31:58,720 --> 00:32:00,880
Speaker 3: be involved in something they don't want to be involved in,

663
00:32:00,960 --> 00:32:03,360
Speaker 3: all of these people who are being swept up in

664
00:32:03,400 --> 00:32:09,520
Speaker 3: this violence, this unnecessary violence, and that really truly shakes

665
00:32:09,560 --> 00:32:12,640
Speaker 3: me to my core. But at the same time, I'm

666
00:32:12,680 --> 00:32:14,880
Speaker 3: so lucky, Like I'm sitting at home in my house

667
00:32:15,400 --> 00:32:17,800
Speaker 3: on the floor with my cats and my microphone and

668
00:32:17,880 --> 00:32:22,400
Speaker 3: just living my best life. And it feels almost wrong

669
00:32:22,640 --> 00:32:24,800
Speaker 3: to have these feelings and to feel this fear, and

670
00:32:24,840 --> 00:32:27,920
Speaker 3: I feel guilty because I'm not doing enough, you know,

671
00:32:28,080 --> 00:32:30,120
Speaker 3: like I've given money, but it's not enough. Like I'm

672
00:32:30,160 --> 00:32:33,280
Speaker 3: not doing or being or seeing enough, and I don't

673
00:32:33,320 --> 00:32:36,760
Speaker 3: know what to do. And it's so overwhelming, like it's

674
00:32:36,840 --> 00:32:39,960
Speaker 3: really really heavy, and I'm sure that I'm not the

675
00:32:40,000 --> 00:32:41,040
Speaker 3: only person feeling that.

676
00:32:41,160 --> 00:32:43,800
Speaker 2: You know, where a community, this is common, Jess, Yeah,

677
00:32:43,880 --> 00:32:48,040
Speaker 2: like it is so common, but I feel like you particularly,

678
00:32:48,080 --> 00:32:49,920
Speaker 2: and this probably happens to a lot of people in

679
00:32:49,960 --> 00:32:53,920
Speaker 2: our community, really downplay your experiences because, quote, somebody else

680
00:32:53,960 --> 00:32:56,760
Speaker 2: has it worse. Please, don't get me wrong, someone right

681
00:32:56,760 --> 00:32:59,840
Speaker 2: now absolutely does. But that does not mean that you're

682
00:32:59,880 --> 00:33:04,520
Speaker 2: not experiencing anxiety. Doesn't mean that you're not experiencing depression

683
00:33:04,720 --> 00:33:07,760
Speaker 2: or that feeling of being completely lost and helpless. That

684
00:33:07,880 --> 00:33:10,680
Speaker 2: is very real. And do you know what that is

685
00:33:10,720 --> 00:33:13,480
Speaker 2: a reflection of the empathy you have as human Like,

686
00:33:13,600 --> 00:33:17,040
Speaker 2: how beautiful is it that you care so much about

687
00:33:17,080 --> 00:33:20,520
Speaker 2: people you've never met? And I feel like the best

688
00:33:20,520 --> 00:33:23,240
Speaker 2: thing we can do in this situation is acknowledged that

689
00:33:23,640 --> 00:33:25,960
Speaker 2: because do you know what, if my country was going

690
00:33:26,000 --> 00:33:29,000
Speaker 2: through that and I was in their shoes, I would

691
00:33:29,040 --> 00:33:31,760
Speaker 2: be genuinely grateful that the people on the other side

692
00:33:31,760 --> 00:33:34,120
Speaker 2: of the world were feeling anxious for me. Like the

693
00:33:34,160 --> 00:33:37,000
Speaker 2: fact that you have other people who you've never met

694
00:33:37,000 --> 00:33:39,520
Speaker 2: and you're in their thoughts, to me, that's a really

695
00:33:39,520 --> 00:33:42,840
Speaker 2: beautiful reflection of the type of person you are. Jes right,

696
00:33:43,120 --> 00:33:45,120
Speaker 2: And there's lots of people in our community that are

697
00:33:45,160 --> 00:33:48,400
Speaker 2: exactly the same. But I think it's actually our job

698
00:33:48,480 --> 00:33:51,000
Speaker 2: to keep our eyes and our ears open. It is

699
00:33:51,080 --> 00:33:54,200
Speaker 2: our job to keep educated and understand what's going on

700
00:33:54,360 --> 00:33:57,000
Speaker 2: and understand how this works, not go oh, it's all

701
00:33:57,040 --> 00:33:59,560
Speaker 2: too hard. I think it's our job to make sure

702
00:33:59,560 --> 00:34:02,120
Speaker 2: that we're looking looking after our own mental health. And

703
00:34:02,160 --> 00:34:04,760
Speaker 2: when we're reading media and it's getting too much, I

704
00:34:04,800 --> 00:34:06,440
Speaker 2: think being able to step back and say, do you

705
00:34:06,480 --> 00:34:09,520
Speaker 2: know what I just I can't deal with this right now,

706
00:34:09,800 --> 00:34:13,239
Speaker 2: and that's okay. But I think consistently it's our job

707
00:34:13,280 --> 00:34:16,439
Speaker 2: as a community to stay educated on how we can

708
00:34:16,480 --> 00:34:19,359
Speaker 2: have the best impact, and right now, because it is

709
00:34:19,440 --> 00:34:22,000
Speaker 2: so new, we don't know what that is yet. But

710
00:34:22,040 --> 00:34:25,200
Speaker 2: you best believe we will be sharing exactly how you

711
00:34:25,239 --> 00:34:27,560
Speaker 2: can help and what can happen and how it's going

712
00:34:27,600 --> 00:34:30,680
Speaker 2: to impact us as soon as we know. Because at

713
00:34:30,680 --> 00:34:33,680
Speaker 2: the same time as us, you know, being on this podcast,

714
00:34:33,719 --> 00:34:36,279
Speaker 2: sharing it with all the view this month, it is

715
00:34:37,000 --> 00:34:39,759
Speaker 2: overwhelming at the same time because we don't know any

716
00:34:39,800 --> 00:34:42,600
Speaker 2: more than you do, we are feeling the same way

717
00:34:42,680 --> 00:34:45,640
Speaker 2: that you do. And that's okay, and we are all

718
00:34:45,640 --> 00:34:48,320
Speaker 2: in it together. But I don't want for one minute

719
00:34:48,360 --> 00:34:52,160
Speaker 2: people to feel like their contributions aren't enough. Because even

720
00:34:52,280 --> 00:34:56,359
Speaker 2: if you can't afford to donate money or time or resources.

721
00:34:56,680 --> 00:34:59,600
Speaker 2: The fact that everybody over there is in your thoughts

722
00:34:59,840 --> 00:35:02,719
Speaker 2: is so overwhelmingly beautiful.

723
00:35:02,880 --> 00:35:06,120
Speaker 5: I think one hundred percent. We can't underestimate the impact

724
00:35:06,160 --> 00:35:08,040
Speaker 5: this is having on all of our mental health. Even

725
00:35:08,080 --> 00:35:10,000
Speaker 5: though we're not over there, we're not finding in the

726
00:35:10,000 --> 00:35:12,120
Speaker 5: war like you can't compare it to that. But you

727
00:35:12,160 --> 00:35:16,680
Speaker 5: also can't diminish your own struggles, especially after we've just

728
00:35:16,719 --> 00:35:20,120
Speaker 5: gone through the weirdest two years of all time, and

729
00:35:20,160 --> 00:35:22,920
Speaker 5: that was hard enough, and now you know, the masks

730
00:35:22,920 --> 00:35:26,440
Speaker 5: have gone on Friday. On Friday afternoon, a war was declared.

731
00:35:26,520 --> 00:35:29,399
Speaker 5: So it's been a lot for us to take on

732
00:35:30,160 --> 00:35:33,480
Speaker 5: just in terms of resources, both for our own mental

733
00:35:33,520 --> 00:35:37,000
Speaker 5: health and to contribute and help out in any way

734
00:35:37,000 --> 00:35:40,279
Speaker 5: we can to Ukraine. What's out there for.

735
00:35:40,280 --> 00:35:43,320
Speaker 3: Us definitely, So we put a link in our Instagram

736
00:35:43,360 --> 00:35:45,560
Speaker 3: bio and we can probably plug it into the show

737
00:35:45,560 --> 00:35:47,879
Speaker 3: notes as well with a really great article that has

738
00:35:47,960 --> 00:35:52,359
Speaker 3: some direct Ukrainian resources of all different kinds. There's you know,

739
00:35:52,680 --> 00:35:56,120
Speaker 3: fund for healthcare, fund for I think housing, and a

740
00:35:56,160 --> 00:36:00,280
Speaker 3: few different options or alternatively, UNISEF have actually.

741
00:36:00,239 --> 00:36:02,279
Speaker 4: Just launched a funder as well.

742
00:36:02,280 --> 00:36:06,160
Speaker 3: They're obviously a very legitimate, above board nonprofit and I

743
00:36:06,200 --> 00:36:09,240
Speaker 3: think it's important. As horrible as this is to say,

744
00:36:09,719 --> 00:36:13,840
Speaker 3: times like these really bring out of the woodwork. Unfortunately,

745
00:36:13,920 --> 00:36:16,960
Speaker 3: some people who do want to take advantage of the situations.

746
00:36:17,000 --> 00:36:22,680
Speaker 3: So anyone who is donating money, which is incredibly generous.

747
00:36:22,440 --> 00:36:24,920
Speaker 2: Please make sure it's going to the right places. We

748
00:36:24,960 --> 00:36:28,680
Speaker 2: saw this during COVID, people taking the absolute mickey by

749
00:36:28,680 --> 00:36:33,279
Speaker 2: setting up fake gofund me pages and things that you know,

750
00:36:33,440 --> 00:36:36,560
Speaker 2: weren't for the best, or potentially people thought they were

751
00:36:36,560 --> 00:36:38,839
Speaker 2: for the best, but then they found out that they

752
00:36:38,880 --> 00:36:41,520
Speaker 2: were donating to a group that actually, you know, didn't

753
00:36:41,560 --> 00:36:44,680
Speaker 2: support gay rights or didn't support you know, parts of

754
00:36:44,680 --> 00:36:46,920
Speaker 2: our community that are really important to us, because they

755
00:36:46,920 --> 00:36:48,680
Speaker 2: were just too quick to donate because they were like,

756
00:36:48,680 --> 00:36:50,880
Speaker 2: oh great, like this is how I can contribute, So

757
00:36:51,200 --> 00:36:53,840
Speaker 2: please do your research or rely on the fact that

758
00:36:53,880 --> 00:36:57,200
Speaker 2: we've done a little bit for you. Obviously, only donate

759
00:36:57,280 --> 00:36:59,640
Speaker 2: if you are financially able to do so. But that

760
00:36:59,760 --> 00:37:02,520
Speaker 2: is a really great way of supporting the people over

761
00:37:02,560 --> 00:37:04,440
Speaker 2: there that you know, we can't do a lot for

762
00:37:04,680 --> 00:37:05,440
Speaker 2: in this moment.

763
00:37:05,520 --> 00:37:08,000
Speaker 3: And I think recognizing as well that every dollar in

764
00:37:08,040 --> 00:37:10,360
Speaker 3: this kind of situation helps. If every person listening to

765
00:37:10,360 --> 00:37:12,960
Speaker 3: this podcast, chapter dollar in that is a lot of

766
00:37:13,040 --> 00:37:14,759
Speaker 3: money that would be going their way.

767
00:37:14,920 --> 00:37:18,040
Speaker 2: Imagine if all one point two million listeners had donated

768
00:37:18,080 --> 00:37:21,200
Speaker 2: a dollar, that would be like more than a quarter

769
00:37:21,360 --> 00:37:23,560
Speaker 2: of what Australia has sent over in age.

770
00:37:23,600 --> 00:37:27,759
Speaker 3: Absolutely, so don't diminish your contributions. If you can't contribute,

771
00:37:27,800 --> 00:37:31,200
Speaker 3: that is also very very okay. It's more just an

772
00:37:31,200 --> 00:37:33,359
Speaker 3: option to put on the table that I wanted to say.

773
00:37:34,000 --> 00:37:36,239
Speaker 3: It's there if you do feel like that's something that

774
00:37:36,280 --> 00:37:38,440
Speaker 3: you really want to contribute to, but if you can't,

775
00:37:38,480 --> 00:37:42,359
Speaker 3: that's fine. And then in terms of mental health resources,

776
00:37:42,440 --> 00:37:44,600
Speaker 3: all of the usual we've got, you know, obviously the

777
00:37:44,680 --> 00:37:49,440
Speaker 3: National Helpline, beyond Blue, Black Dog, heaps of different online

778
00:37:49,480 --> 00:37:52,160
Speaker 3: call centers that you can call and talk through your feelings.

779
00:37:52,200 --> 00:37:56,120
Speaker 3: If you're having a hard time, please please reach out because,

780
00:37:56,160 --> 00:37:59,480
Speaker 3: as you said, VI, we diminish what we're feeling and

781
00:37:59,520 --> 00:38:01,840
Speaker 3: then we're no good to anybody because we're carrying a

782
00:38:01,920 --> 00:38:03,040
Speaker 3: load by ourselves.

783
00:38:03,040 --> 00:38:04,640
Speaker 4: It is just too much to hold.

784
00:38:04,800 --> 00:38:07,080
Speaker 2: Like you can't pour from an empty cup. And at

785
00:38:07,120 --> 00:38:08,880
Speaker 2: the end of the day, if the best thing for

786
00:38:08,960 --> 00:38:11,840
Speaker 2: your mental health right now is turning off your social

787
00:38:11,880 --> 00:38:15,160
Speaker 2: media and tuning out of any type of news. I

788
00:38:15,200 --> 00:38:18,160
Speaker 2: think that's a really fair thing to do. I know

789
00:38:18,400 --> 00:38:20,600
Speaker 2: that the world is heavy right now, but it isn't

790
00:38:20,880 --> 00:38:23,080
Speaker 2: all your burden to carry, and I think a lot

791
00:38:23,120 --> 00:38:25,319
Speaker 2: of us tend to take a lot of that weight

792
00:38:25,480 --> 00:38:28,400
Speaker 2: onto our shoulders and carry that even though it's not

793
00:38:28,680 --> 00:38:32,320
Speaker 2: our burden, if that makes sense. It's not on you solely,

794
00:38:32,600 --> 00:38:35,200
Speaker 2: and it can be really hard. But as you're saying, Jess,

795
00:38:35,239 --> 00:38:37,239
Speaker 2: you can't pull from an empty cup, so make sure

796
00:38:37,280 --> 00:38:39,360
Speaker 2: your cup is full and then you can help.

797
00:38:39,200 --> 00:38:41,560
Speaker 5: More So, basically in some guys, if you do need

798
00:38:41,640 --> 00:38:43,680
Speaker 5: help or you want to support Ukraine, head to all

799
00:38:43,680 --> 00:38:45,239
Speaker 5: of the links in our show notes. They'll all be

800
00:38:45,280 --> 00:38:47,480
Speaker 5: there for you. But that is probably all we have

801
00:38:47,520 --> 00:38:48,799
Speaker 5: time for today, ladies.

802
00:38:48,520 --> 00:38:52,239
Speaker 2: It is, but before we go, please remember that She's

803
00:38:52,239 --> 00:38:54,120
Speaker 2: on the Money is a safe space. If you have

804
00:38:54,280 --> 00:38:57,640
Speaker 2: any questions, they will be met with love and support

805
00:38:57,680 --> 00:39:00,480
Speaker 2: and education and we will always be trying to put

806
00:39:00,480 --> 00:39:03,319
Speaker 2: you in the best possible position. And that doesn't just

807
00:39:03,360 --> 00:39:05,839
Speaker 2: go for questions, it goes for responses too. So if

808
00:39:05,880 --> 00:39:08,200
Speaker 2: you're seeing something in the Shees on the Money community

809
00:39:08,239 --> 00:39:11,680
Speaker 2: that's potentially triggering you or you think is wildly inappropriate,

810
00:39:12,040 --> 00:39:15,240
Speaker 2: please know that all of our posts are vetted before

811
00:39:15,239 --> 00:39:18,440
Speaker 2: they actually get through to the group. So if you

812
00:39:18,520 --> 00:39:20,960
Speaker 2: see something in our community that is up, please know

813
00:39:21,080 --> 00:39:23,000
Speaker 2: that we have looked at it and thought that that

814
00:39:23,160 --> 00:39:26,440
Speaker 2: was a provocative and good conversation for our community to

815
00:39:26,480 --> 00:39:29,200
Speaker 2: be having at this point in time, and we believe

816
00:39:29,239 --> 00:39:31,760
Speaker 2: that our community would meet that post with the respect

817
00:39:31,800 --> 00:39:34,400
Speaker 2: that it deserves. We are not trying to trivialize this,

818
00:39:34,520 --> 00:39:36,360
Speaker 2: but if you do see something in the community and

819
00:39:36,360 --> 00:39:38,440
Speaker 2: you're like, why the hell are they talking about the

820
00:39:38,440 --> 00:39:41,520
Speaker 2: stock market, guys, it's because it's so important to be

821
00:39:41,640 --> 00:39:44,960
Speaker 2: financially literate, regardless of what is going on in the

822
00:39:45,000 --> 00:39:47,560
Speaker 2: rest of the world. We are not diminishing the importance

823
00:39:47,560 --> 00:39:50,000
Speaker 2: of that, but we need to have space to talk

824
00:39:50,040 --> 00:39:52,560
Speaker 2: about these things so that we can pour from that

825
00:39:52,640 --> 00:39:56,000
Speaker 2: full cup that Jess was talking about. But as George said,

826
00:39:56,239 --> 00:39:58,680
Speaker 2: that is actually all we have time for today now.

827
00:39:58,800 --> 00:40:01,440
Speaker 2: So just before we head off, we'd like to acknowledge

828
00:40:01,480 --> 00:40:05,280
Speaker 2: and pay respect to Australia's Aboriginal and torrest Ray Islander peoples.

829
00:40:05,640 --> 00:40:08,640
Speaker 2: They're the traditional Custoudians of the lands, the waterways and

830
00:40:08,680 --> 00:40:12,000
Speaker 2: the skies all across Australia. We thank you for sharing,

831
00:40:12,000 --> 00:40:14,000
Speaker 2: and they're caring for the land on which we are

832
00:40:14,080 --> 00:40:17,440
Speaker 2: able to learn. We pay respects to elders past and present,

833
00:40:17,480 --> 00:40:19,719
Speaker 2: and we share our friendship and our kindness.

834
00:40:20,120 --> 00:40:22,759
Speaker 5: And remember, guys, that the advice shared on She's on

835
00:40:22,800 --> 00:40:25,440
Speaker 5: the Money is general in nature and does not consider

836
00:40:25,560 --> 00:40:29,440
Speaker 5: your individual circumstances. She's on the Money exists purely for

837
00:40:29,600 --> 00:40:32,640
Speaker 5: educational purposes and should not be relied upon to make

838
00:40:32,680 --> 00:40:36,600
Speaker 5: an investment or a financial decision. And we promise Victoria

839
00:40:36,640 --> 00:40:41,680
Speaker 5: Divine is an authorized representative of Infocused Securities Australia Proprietorly

840
00:40:41,719 --> 00:40:44,920
Speaker 5: Limited ABN four to seven zero nine seven seven nine

841
00:40:45,040 --> 00:40:48,439
Speaker 5: seven zero four nine afosal two three six five two

842
00:40:48,480 --> 00:40:48,680
Speaker 5: three

843
00:40:48,760 --> 00:40:53,480
Speaker 2: See you next week, guys, Bye bye us