1 00:00:00,200 --> 00:00:19,440 Speaker 1: She's on the Money. She's on the Money. 2 00:00:23,440 --> 00:00:27,600 Speaker 2: Hello, and welcome to a bonus episode of She's on 3 00:00:27,680 --> 00:00:31,600 Speaker 2: the Money. You are joined by myself and Miss Tony 4 00:00:31,920 --> 00:00:35,680 Speaker 2: Lodge to introduce this very special bonus episode. Tony, who 5 00:00:35,680 --> 00:00:37,720 Speaker 2: did we get to sit down with this week and 6 00:00:37,840 --> 00:00:38,559 Speaker 2: have a chat with? 7 00:00:39,280 --> 00:00:41,839 Speaker 3: So we got to sit down with the CEO of 8 00:00:42,159 --> 00:00:46,040 Speaker 3: U Bank, which try fancy, really fancy for us. Philippa, 9 00:00:46,479 --> 00:00:49,279 Speaker 3: who is an incredible woman, has gone through an amazing 10 00:00:49,360 --> 00:00:53,400 Speaker 3: journey and is now a female CEO of a bank. 11 00:00:53,800 --> 00:00:56,240 Speaker 2: I just show bank like one of the biggest banks 12 00:00:56,280 --> 00:00:57,040 Speaker 2: in the country. 13 00:00:57,280 --> 00:00:59,520 Speaker 3: I can't get over the fact that we got to 14 00:00:59,600 --> 00:01:01,720 Speaker 3: chat with and because we're in lockdown, we got to 15 00:01:01,760 --> 00:01:03,920 Speaker 3: do it over zoom, so we got to talk to 16 00:01:03,960 --> 00:01:06,360 Speaker 3: her and see her and it was just really incredible. 17 00:01:06,440 --> 00:01:08,639 Speaker 2: It was actually such an experience, and I'm very lucky 18 00:01:08,840 --> 00:01:11,240 Speaker 2: that I have somewhat made friends with Philippa over the 19 00:01:11,360 --> 00:01:14,240 Speaker 2: last few months. She's honestly one of the biggest champions. 20 00:01:14,280 --> 00:01:17,120 Speaker 2: Oh She's on the Money. She adores our community. It 21 00:01:17,200 --> 00:01:19,840 Speaker 2: seems wild to me that the CEO of a bank 22 00:01:19,880 --> 00:01:22,400 Speaker 2: actually listens to every single one of our episodes when 23 00:01:22,400 --> 00:01:25,120 Speaker 2: they drop, So think about that next time you downloaded 24 00:01:25,160 --> 00:01:28,200 Speaker 2: she's on the money episode? Who else is listening? Because 25 00:01:28,440 --> 00:01:30,760 Speaker 2: I had no idea. And when I grabbed a coffee 26 00:01:30,800 --> 00:01:32,520 Speaker 2: with Bilippa last time, she like, be sure I've listened 27 00:01:32,520 --> 00:01:34,399 Speaker 2: to all your podcasts And I was like, what why 28 00:01:34,480 --> 00:01:37,600 Speaker 2: would you do that? Like s of a bank? Like 29 00:01:37,680 --> 00:01:40,360 Speaker 2: you don't need my advice, Like you're way smarter than me. 30 00:01:40,760 --> 00:01:43,080 Speaker 2: So I was just so lucky to meet Philippa And 31 00:01:43,120 --> 00:01:45,600 Speaker 2: I knew when I met her that I really wanted 32 00:01:45,600 --> 00:01:47,760 Speaker 2: to share her with our She's on the money community 33 00:01:47,840 --> 00:01:50,600 Speaker 2: because I think that we all have Tony in our heads, 34 00:01:50,640 --> 00:01:53,000 Speaker 2: this idea of what a bank CEO is like, and 35 00:01:53,080 --> 00:01:57,360 Speaker 2: they from my perspective as a young millennial, can I 36 00:01:57,400 --> 00:01:59,640 Speaker 2: say that at thirty? I don't know, But as a 37 00:01:59,760 --> 00:02:02,200 Speaker 2: young millennial, I just have this preconceived idea on my 38 00:02:02,280 --> 00:02:05,360 Speaker 2: head that they are male, they're older, they just are 39 00:02:05,400 --> 00:02:08,040 Speaker 2: stuck in their ways. They're not progressive, they aren't the 40 00:02:08,080 --> 00:02:10,880 Speaker 2: type of person that I would really resonate with. And 41 00:02:10,919 --> 00:02:14,600 Speaker 2: Philip Brew's one of emos down to earth, relatable people 42 00:02:14,639 --> 00:02:17,440 Speaker 2: that you'll ever meet. In this interview with Philip, she 43 00:02:17,440 --> 00:02:19,760 Speaker 2: talks about her divorce and her money story and where 44 00:02:19,760 --> 00:02:21,760 Speaker 2: she's come from, and that she doesn't come from a 45 00:02:21,840 --> 00:02:25,680 Speaker 2: line of CEOs, and I just think she's so aspirational 46 00:02:25,960 --> 00:02:27,640 Speaker 2: and I don't want to keep pumping up her tires 47 00:02:27,639 --> 00:02:29,519 Speaker 2: because I know she's gonna listen to this one too. 48 00:02:29,600 --> 00:02:37,560 Speaker 2: So Tony Lands jumps straight into the interview LEDs dive 49 00:02:37,800 --> 00:02:41,800 Speaker 2: straight in Philip Park. How did you become the CEO 50 00:02:42,120 --> 00:02:42,760 Speaker 2: of you Bank? 51 00:02:44,120 --> 00:02:44,960 Speaker 4: Thanks Victoria. 52 00:02:45,560 --> 00:02:49,120 Speaker 5: So my journey towards being CEO of you Bank has 53 00:02:49,240 --> 00:02:52,200 Speaker 5: been It's been really interesting one lots of twists and turns. 54 00:02:52,680 --> 00:02:56,560 Speaker 5: I certainly, you know, twenty years or so ago, when 55 00:02:56,560 --> 00:02:59,320 Speaker 5: I started out full time working after university, I didn't 56 00:02:59,360 --> 00:03:02,720 Speaker 5: have my site set on being CEO of anything. I 57 00:03:02,840 --> 00:03:05,600 Speaker 5: was just happy to, you know, be part of a 58 00:03:05,639 --> 00:03:08,160 Speaker 5: team who was doing interesting work. And the story of 59 00:03:08,200 --> 00:03:12,040 Speaker 5: my career has been pretty much taking every opportunity that's 60 00:03:12,080 --> 00:03:14,880 Speaker 5: been thrown at me, taking on jobs that other people 61 00:03:15,000 --> 00:03:17,640 Speaker 5: didn't want to do because they were hard or high risk, 62 00:03:18,400 --> 00:03:21,400 Speaker 5: and showing enough resilience and determination to be able to 63 00:03:21,440 --> 00:03:23,640 Speaker 5: do the hard jobs so that at the end of 64 00:03:23,639 --> 00:03:26,440 Speaker 5: each difficult job, I was always thrown another difficult job. 65 00:03:26,480 --> 00:03:28,040 Speaker 5: And by the time you've sort of done eight or 66 00:03:28,120 --> 00:03:31,240 Speaker 5: nine difficult jobs back to back. You're you know, you're 67 00:03:31,280 --> 00:03:34,400 Speaker 5: reasonably ready to run something like you bank. 68 00:03:34,760 --> 00:03:38,920 Speaker 2: That is so awesome. But I think the most important 69 00:03:38,920 --> 00:03:42,160 Speaker 2: thing for me, you know, having met you and gotten 70 00:03:42,160 --> 00:03:44,280 Speaker 2: the opportunity to sit down and have a coffee and 71 00:03:44,400 --> 00:03:48,160 Speaker 2: ask you a whole heap of really perfect questions, I 72 00:03:48,280 --> 00:03:52,000 Speaker 2: learned that it wasn't necessarily your experience. It was also 73 00:03:52,280 --> 00:03:56,120 Speaker 2: your passion and the fact that you are literally so 74 00:03:56,360 --> 00:04:00,360 Speaker 2: excited about finance and financial literacy. And you know, I 75 00:04:00,400 --> 00:04:03,560 Speaker 2: find the banking space really interesting because it drives so 76 00:04:03,680 --> 00:04:06,520 Speaker 2: much change and there's just so much going on from 77 00:04:07,040 --> 00:04:09,720 Speaker 2: banking stuff but to compliance and having gone through the 78 00:04:09,760 --> 00:04:13,040 Speaker 2: Royal commissions, like it's crazy to see the outcomes of that. 79 00:04:13,440 --> 00:04:15,320 Speaker 2: But can you tell us a little bit about what 80 00:04:15,400 --> 00:04:17,960 Speaker 2: you're passionate about, because I know that is something that's 81 00:04:18,000 --> 00:04:20,800 Speaker 2: going to really really resonate with the people listening to 82 00:04:20,839 --> 00:04:22,000 Speaker 2: this podcast right now. 83 00:04:23,080 --> 00:04:26,040 Speaker 5: Your point is correct that when I started, it probably 84 00:04:26,080 --> 00:04:27,400 Speaker 5: wasn't the logical choice for me. 85 00:04:27,520 --> 00:04:28,599 Speaker 4: So when you look back. 86 00:04:28,480 --> 00:04:32,840 Speaker 5: At my family of origin and my cousins and aunties 87 00:04:32,880 --> 00:04:38,320 Speaker 5: and uncles, my family far and wide all work in 88 00:04:38,360 --> 00:04:43,120 Speaker 5: the caring profession. So they are nurses or teachers, or 89 00:04:43,240 --> 00:04:46,760 Speaker 5: headdresses or electricians. You know, people who do something that's 90 00:04:46,800 --> 00:04:50,440 Speaker 5: really valuable to other people. And banking is a little 91 00:04:50,520 --> 00:04:54,920 Speaker 5: bit abstract to a lot of people. It sounds complicated, 92 00:04:55,080 --> 00:04:58,560 Speaker 5: it sounds difficult, and it doesn't sound like it's part 93 00:04:58,600 --> 00:05:02,480 Speaker 5: of the everyday life of each Australian. But when I 94 00:05:02,520 --> 00:05:05,320 Speaker 5: started in banking, what I really quickly realized is that 95 00:05:06,279 --> 00:05:09,480 Speaker 5: money is at the heart of people's welfare. It's at 96 00:05:09,520 --> 00:05:11,400 Speaker 5: the heart of their health, it's at the heart of 97 00:05:11,440 --> 00:05:15,760 Speaker 5: their safety and stability. And so for me, the reason 98 00:05:15,800 --> 00:05:19,080 Speaker 5: that I started in banking is different to the reason 99 00:05:19,120 --> 00:05:20,839 Speaker 5: I've stayed in banking, and the reason that I've stayed 100 00:05:20,880 --> 00:05:24,280 Speaker 5: in banking for fifteen years now and probably will for 101 00:05:24,320 --> 00:05:26,760 Speaker 5: a good time to come, is because I think if 102 00:05:26,800 --> 00:05:29,800 Speaker 5: you can help people get into a position where they 103 00:05:29,800 --> 00:05:33,359 Speaker 5: really understand their finances and when they're really making deliberate 104 00:05:33,480 --> 00:05:36,160 Speaker 5: choices about their money, you can help people get into 105 00:05:36,160 --> 00:05:37,400 Speaker 5: a much better position. 106 00:05:37,120 --> 00:05:38,359 Speaker 4: In their life. 107 00:05:38,560 --> 00:05:42,080 Speaker 5: And so, you know, taking care of people's money is 108 00:05:42,120 --> 00:05:45,640 Speaker 5: not so different from taking care of people's health, taking 109 00:05:45,640 --> 00:05:48,720 Speaker 5: care of people's children, etc. I see it all as 110 00:05:48,760 --> 00:05:51,359 Speaker 5: part of social stability and giving back. 111 00:05:51,720 --> 00:05:55,039 Speaker 2: I love that. Okay, philipart, Tony and I we have 112 00:05:55,160 --> 00:05:57,679 Speaker 2: this idea in our head of what a CEO quote 113 00:05:57,720 --> 00:06:01,800 Speaker 2: should be, especially a bank CEO, usually white and male, 114 00:06:02,400 --> 00:06:05,839 Speaker 2: but usually in their late sixties or seventies, because you know, 115 00:06:06,120 --> 00:06:10,360 Speaker 2: stereotyping is that you have you come from lots of 116 00:06:10,400 --> 00:06:14,120 Speaker 2: intergenerational wealth. Have you come from a line of CEOs? 117 00:06:14,279 --> 00:06:16,720 Speaker 2: Is this just like did your mum do this? So 118 00:06:16,760 --> 00:06:19,280 Speaker 2: that's why you also wanted to be CEO? Where did 119 00:06:19,279 --> 00:06:21,080 Speaker 2: you get your start? Can we know a little bit 120 00:06:21,120 --> 00:06:23,360 Speaker 2: of the pervy details behind your background? 121 00:06:24,440 --> 00:06:27,120 Speaker 4: Sure? Well, I'm not male, I am in my I'm 122 00:06:27,160 --> 00:06:28,279 Speaker 4: in my early forties. 123 00:06:29,400 --> 00:06:33,880 Speaker 5: I No, I don't come from I don't come from 124 00:06:33,920 --> 00:06:38,040 Speaker 5: a long lineage of you know, CEOs or my dad 125 00:06:38,120 --> 00:06:41,880 Speaker 5: ran a post office, my mom is a nurse. My 126 00:06:42,040 --> 00:06:46,960 Speaker 5: wonderful brother is an electrician. And really the way that 127 00:06:47,040 --> 00:06:50,560 Speaker 5: I first got my glimpse into corporate life and into 128 00:06:50,560 --> 00:06:52,840 Speaker 5: the business world was that when I was a teenager, 129 00:06:52,880 --> 00:06:57,480 Speaker 5: I babysat for a family in the area and the father, Stephen, 130 00:06:57,800 --> 00:07:01,280 Speaker 5: was a businessman and his wife was an accountant, Gillian, 131 00:07:01,839 --> 00:07:04,920 Speaker 5: and they really took me in under their wing, and 132 00:07:04,960 --> 00:07:09,159 Speaker 5: they exposed me to the world of business and helped 133 00:07:09,200 --> 00:07:12,720 Speaker 5: me see the possibilities for what my career could be. 134 00:07:12,800 --> 00:07:14,920 Speaker 5: And I'm you know, I was very grateful. I ended 135 00:07:14,960 --> 00:07:17,680 Speaker 5: up babysitting for them and then working in their business, 136 00:07:17,720 --> 00:07:21,080 Speaker 5: and it really gave me a glimpse into a world 137 00:07:21,120 --> 00:07:22,080 Speaker 5: which I hadn't seen. 138 00:07:22,560 --> 00:07:22,760 Speaker 4: Now. 139 00:07:22,800 --> 00:07:27,480 Speaker 5: My parents gave me a love for education and for 140 00:07:27,640 --> 00:07:32,640 Speaker 5: making sure that I was bettering myself. But really it 141 00:07:32,720 --> 00:07:35,560 Speaker 5: was through the lens of these two people that I 142 00:07:35,600 --> 00:07:38,160 Speaker 5: babysit for that had really opened up that whole new 143 00:07:38,200 --> 00:07:41,800 Speaker 5: world to me. So I guess I be sure. Yeah, 144 00:07:41,880 --> 00:07:45,440 Speaker 5: I mean, I guess where I have got to is 145 00:07:45,800 --> 00:07:51,160 Speaker 5: a product of good opportunities, but great determination and making 146 00:07:51,200 --> 00:07:52,920 Speaker 5: the most of the opportunities that were put in front 147 00:07:52,920 --> 00:07:53,120 Speaker 5: of me. 148 00:07:53,560 --> 00:07:56,840 Speaker 2: I love that. So, Philippa, what was your first job, Like, 149 00:07:56,880 --> 00:07:57,720 Speaker 2: what were you doing? 150 00:07:58,760 --> 00:08:00,960 Speaker 5: My first job was in the low pharmacy. It was 151 00:08:01,000 --> 00:08:03,679 Speaker 5: in my suburb, and I love the job. I probably 152 00:08:03,680 --> 00:08:07,440 Speaker 5: shouldn't say this, but when you work in a suburban pharmacy, 153 00:08:07,480 --> 00:08:08,720 Speaker 5: you know everything that's going on. 154 00:08:09,560 --> 00:08:12,000 Speaker 2: I love the pervy details. I feel like that would 155 00:08:12,000 --> 00:08:14,840 Speaker 2: be the next level of pervy details exactly. 156 00:08:14,920 --> 00:08:16,360 Speaker 5: So I knew everything that was going on, but I 157 00:08:16,640 --> 00:08:19,200 Speaker 5: always worked hard. You know, when I was going through university, 158 00:08:19,200 --> 00:08:24,360 Speaker 5: I had two jobs all the way through university. I've 159 00:08:24,480 --> 00:08:28,440 Speaker 5: always had this sense that I needed to be taking 160 00:08:28,440 --> 00:08:31,360 Speaker 5: care of myself and putting money away for savings, et cetera. 161 00:08:31,680 --> 00:08:33,480 Speaker 5: I don't know why I had it in built, but 162 00:08:33,559 --> 00:08:36,040 Speaker 5: I always had the sense that I had to financially 163 00:08:36,120 --> 00:08:37,439 Speaker 5: take care of myself. 164 00:08:37,800 --> 00:08:40,160 Speaker 2: And I feel like that OOZ is out of you 165 00:08:40,240 --> 00:08:42,640 Speaker 2: as well. Like all your tips, all your tricks are 166 00:08:42,760 --> 00:08:46,440 Speaker 2: always about, you know, putting yourself forward and leaning into 167 00:08:46,480 --> 00:08:49,320 Speaker 2: making sure that you're putting your financial security first. And 168 00:08:49,360 --> 00:08:51,680 Speaker 2: I think that that's something that a lot of people 169 00:08:51,679 --> 00:08:55,559 Speaker 2: in our community really struggle with because we get dms. 170 00:08:55,600 --> 00:08:58,440 Speaker 2: It's not always about what is happening in the community, 171 00:08:58,520 --> 00:09:01,920 Speaker 2: as in publicly on the Facebook group or on our Instagram. 172 00:09:01,960 --> 00:09:04,280 Speaker 2: A lot of the magic that happens in Cheese on 173 00:09:04,320 --> 00:09:07,240 Speaker 2: the Money is in our Instagram messages or our Facebook 174 00:09:07,240 --> 00:09:11,120 Speaker 2: messages or even my emails. And it's often young mums 175 00:09:11,160 --> 00:09:13,440 Speaker 2: reaching out saying I'm just breaking up with a partner 176 00:09:13,520 --> 00:09:15,600 Speaker 2: or I'm going through a divorce, and they don't know 177 00:09:15,679 --> 00:09:17,719 Speaker 2: what the right thing to do is. And I mean 178 00:09:18,040 --> 00:09:21,920 Speaker 2: it's very different for everybody's situation. But I think coming 179 00:09:21,960 --> 00:09:25,479 Speaker 2: from somebody like you, the permission to lean into financial 180 00:09:25,520 --> 00:09:29,040 Speaker 2: security when maybe everything inside of you is saying no, 181 00:09:29,200 --> 00:09:31,760 Speaker 2: you need to be there for your child, I think 182 00:09:31,760 --> 00:09:34,360 Speaker 2: that that is really really special, and I think it's 183 00:09:34,360 --> 00:09:37,199 Speaker 2: something that we should shout from the rooftops as well, 184 00:09:37,240 --> 00:09:40,440 Speaker 2: because yes, they might be in childcare more hours than 185 00:09:40,480 --> 00:09:42,679 Speaker 2: you would love them to be, but long term, they 186 00:09:42,720 --> 00:09:44,920 Speaker 2: are going to be so much better off because you 187 00:09:45,040 --> 00:09:48,640 Speaker 2: made those decisions. And children know that they can feel 188 00:09:48,679 --> 00:09:52,199 Speaker 2: the stress, they can feel your anxiety, and I think that, yeah, 189 00:09:52,240 --> 00:09:54,920 Speaker 2: what you preach and what you talk about is just 190 00:09:55,200 --> 00:09:59,560 Speaker 2: so important and also just so relatable, and knowing where 191 00:09:59,559 --> 00:10:02,240 Speaker 2: you sit in what you do, it's just going to 192 00:10:02,320 --> 00:10:04,800 Speaker 2: permeate all the way through your organization. 193 00:10:05,800 --> 00:10:08,360 Speaker 5: When you work in a bank, one of the glimpses 194 00:10:08,400 --> 00:10:10,920 Speaker 5: that you get is a glimpse into people's lives when 195 00:10:11,000 --> 00:10:14,959 Speaker 5: things have gone wrong. And for a number of years 196 00:10:15,000 --> 00:10:18,120 Speaker 5: I ran the hardship function of a large bank, and 197 00:10:18,160 --> 00:10:21,000 Speaker 5: that's where people call all day every day to tell 198 00:10:21,000 --> 00:10:23,000 Speaker 5: you what's really going on in their life, not what 199 00:10:23,040 --> 00:10:25,320 Speaker 5: Instagram says is going on in their life, but what's 200 00:10:25,360 --> 00:10:30,040 Speaker 5: really going on and you know, the proportion of customers 201 00:10:30,040 --> 00:10:33,679 Speaker 5: who call in who are women who are in difficult situations. 202 00:10:34,080 --> 00:10:37,960 Speaker 5: You know, when you see that, it's pretty sobering. And 203 00:10:38,000 --> 00:10:42,480 Speaker 5: that's why I'm so passionate about women talking to women 204 00:10:43,400 --> 00:10:47,240 Speaker 5: about finance as well as talking to each other about, 205 00:10:47,360 --> 00:10:49,000 Speaker 5: you know, all the other aspects of life that we 206 00:10:49,040 --> 00:10:52,080 Speaker 5: share very openly. One of the wonderful things about women 207 00:10:52,200 --> 00:10:54,360 Speaker 5: is that we have a way of letting down our 208 00:10:54,400 --> 00:10:58,720 Speaker 5: guard and telling each other really intimate details about our life, 209 00:10:59,200 --> 00:11:01,839 Speaker 5: things that men don't share with one another. But when 210 00:11:01,880 --> 00:11:04,760 Speaker 5: it comes to finances, the guards go up and we 211 00:11:04,760 --> 00:11:07,000 Speaker 5: don't talk about that. So we're happy to talk about 212 00:11:07,040 --> 00:11:09,880 Speaker 5: birth control, but we're not happy to talk about our 213 00:11:09,920 --> 00:11:11,839 Speaker 5: financial position and needing a. 214 00:11:11,760 --> 00:11:12,319 Speaker 4: Bit of help. 215 00:11:12,880 --> 00:11:15,080 Speaker 5: So that's why I think that your book and the 216 00:11:15,120 --> 00:11:17,960 Speaker 5: work that you're doing through your podcast and other areas 217 00:11:18,040 --> 00:11:21,000 Speaker 5: is so important because it allows women to actually ask 218 00:11:21,080 --> 00:11:24,199 Speaker 5: the tough questions about what's really going on in our lives. 219 00:11:26,000 --> 00:11:29,200 Speaker 2: I think that's really really important as well. And it 220 00:11:29,320 --> 00:11:33,320 Speaker 2: seems so counterintuitive that in twenty twenty one, we still 221 00:11:33,320 --> 00:11:36,160 Speaker 2: have people in our community that say speaking about your 222 00:11:36,160 --> 00:11:40,000 Speaker 2: income is taboo. And I've recently learned even though I 223 00:11:40,040 --> 00:11:43,360 Speaker 2: am an employer and I have a team of people, 224 00:11:43,400 --> 00:11:46,680 Speaker 2: I've recently learned it is still the norm to have 225 00:11:47,000 --> 00:11:50,920 Speaker 2: caveats in people's employment contracts to say do not speak 226 00:11:50,920 --> 00:11:54,000 Speaker 2: about your income with other people. Because I started talking 227 00:11:54,040 --> 00:11:56,559 Speaker 2: about it and you know, saying this should be more normalized, 228 00:11:56,600 --> 00:11:59,240 Speaker 2: and people like Victoria I still I signed a contract 229 00:11:59,360 --> 00:12:01,920 Speaker 2: last week and it said that, now just go a week. 230 00:12:02,080 --> 00:12:07,080 Speaker 2: Really that backwards, and I get bombarded, literally bombarded online 231 00:12:07,160 --> 00:12:10,080 Speaker 2: through social media with people telling me that what I'm 232 00:12:10,080 --> 00:12:13,120 Speaker 2: doing is lower class and that you shouldn't be talking 233 00:12:13,160 --> 00:12:16,360 Speaker 2: about your income because it's not classy, and that I 234 00:12:16,400 --> 00:12:18,920 Speaker 2: am a got called a ferral the other day and 235 00:12:18,960 --> 00:12:20,520 Speaker 2: I was like, do you know what? You can say 236 00:12:20,520 --> 00:12:23,320 Speaker 2: whatever you want, but I know deep down that people 237 00:12:23,360 --> 00:12:26,880 Speaker 2: are in better financial positions because other people are willing 238 00:12:26,920 --> 00:12:29,240 Speaker 2: to talk about it, and if it's in your employment 239 00:12:29,280 --> 00:12:32,200 Speaker 2: contract to not talk about income, like that's okay, But 240 00:12:32,440 --> 00:12:35,280 Speaker 2: knowing that the conversations are going on in their peripheral, 241 00:12:35,360 --> 00:12:37,520 Speaker 2: knowing that they're going on at brunch now, and that 242 00:12:37,880 --> 00:12:40,240 Speaker 2: you know, we've got the Shees on the Money podcast 243 00:12:40,280 --> 00:12:43,480 Speaker 2: in now the Property Playbook to really normalize one Hey 244 00:12:43,559 --> 00:12:45,679 Speaker 2: this is the property journey. This is what it's going 245 00:12:45,760 --> 00:12:48,160 Speaker 2: to take. I'm really sorry that you know. We're not 246 00:12:48,240 --> 00:12:50,760 Speaker 2: here to turbo charge it. We're not actually even here 247 00:12:50,800 --> 00:12:53,000 Speaker 2: to go, hey, here's actually how to buy a property. 248 00:12:53,000 --> 00:12:55,520 Speaker 2: You can have it next year. We're here to say, hey, 249 00:12:55,559 --> 00:12:57,280 Speaker 2: it can take ten years, but if that's what you 250 00:12:57,360 --> 00:12:59,480 Speaker 2: really want, we're here for that long haul. We are 251 00:12:59,520 --> 00:13:01,600 Speaker 2: here to help you. Here's how you should be doing it. 252 00:13:01,800 --> 00:13:03,600 Speaker 2: This is the type of bank you should be with 253 00:13:03,760 --> 00:13:05,600 Speaker 2: so that you can actually make the most of your 254 00:13:05,640 --> 00:13:08,640 Speaker 2: savings and all of that fun stuff. But it just 255 00:13:08,760 --> 00:13:12,000 Speaker 2: honestly baffles me that in twenty twenty one, we are 256 00:13:12,080 --> 00:13:15,720 Speaker 2: still not having open, honest conversations around money and empowering 257 00:13:15,760 --> 00:13:18,720 Speaker 2: women in the way that they genuinely deserve to be empowered. 258 00:13:19,440 --> 00:13:22,600 Speaker 2: What do you think fill apart is the next step 259 00:13:22,720 --> 00:13:25,920 Speaker 2: towards actually creating financial equality. 260 00:13:26,440 --> 00:13:29,360 Speaker 5: Look, the data around this is really sobering. There are 261 00:13:29,559 --> 00:13:32,280 Speaker 5: you know, International Women's Day. You always see the data 262 00:13:32,920 --> 00:13:37,120 Speaker 5: that comes out around income equality, around representation of women 263 00:13:37,160 --> 00:13:41,000 Speaker 5: in corporate and on boards, et cetera. And you know, 264 00:13:41,240 --> 00:13:43,200 Speaker 5: some of the stats say it's going to take fifty years. 265 00:13:43,200 --> 00:13:44,719 Speaker 5: Some of the stats stay it's going to take two 266 00:13:44,760 --> 00:13:48,320 Speaker 5: hundred years, depending on which stats you're looking at. What 267 00:13:48,360 --> 00:13:51,960 Speaker 5: we can do today, I think as women is firstly 268 00:13:52,320 --> 00:13:57,520 Speaker 5: to lean in to our careers as much as we can. 269 00:13:57,600 --> 00:14:00,000 Speaker 5: And everyone's different, and there's always stages in your life 270 00:14:00,160 --> 00:14:03,520 Speaker 5: where you need you know, you have the time and 271 00:14:03,520 --> 00:14:06,560 Speaker 5: capacity to be more focused on work, or where you 272 00:14:06,600 --> 00:14:09,600 Speaker 5: need to focus on other things. So there's seasons to life, 273 00:14:09,640 --> 00:14:14,120 Speaker 5: but not giving up too soon on your career, taking 274 00:14:14,120 --> 00:14:18,120 Speaker 5: care of your personal finances really matters. And then helping 275 00:14:18,120 --> 00:14:21,440 Speaker 5: one another, and women helping women is such a recipe 276 00:14:21,480 --> 00:14:24,760 Speaker 5: for success because you know, we've got a very you know, 277 00:14:24,800 --> 00:14:27,760 Speaker 5: we've got thousands of years of women banding together to 278 00:14:27,800 --> 00:14:31,280 Speaker 5: help one another out, and this podcast is you know, 279 00:14:31,320 --> 00:14:31,960 Speaker 5: it's part of that. 280 00:14:32,560 --> 00:14:34,840 Speaker 2: I love that, and I knew that you were going 281 00:14:34,920 --> 00:14:36,960 Speaker 2: to say that in a way, but I think it's 282 00:14:37,040 --> 00:14:39,400 Speaker 2: so important because at the end of the day, the 283 00:14:39,480 --> 00:14:42,120 Speaker 2: values that you hold are actually the values that She's 284 00:14:42,160 --> 00:14:44,920 Speaker 2: on the Money team hold really close to their hearts. 285 00:14:44,960 --> 00:14:49,160 Speaker 2: So I guess, pivoting into the conversation around COVID nineteen, 286 00:14:49,400 --> 00:14:52,280 Speaker 2: we have been going through this for a significant period 287 00:14:52,320 --> 00:14:55,040 Speaker 2: of time now, and we're seeing in our community that 288 00:14:55,040 --> 00:14:58,680 Speaker 2: that's significantly impacting one our ability to get into property, 289 00:14:58,720 --> 00:15:02,040 Speaker 2: but two to just save best and have healthy finances 290 00:15:02,080 --> 00:15:05,160 Speaker 2: and a lot of people who are experiencing really dwindling 291 00:15:05,240 --> 00:15:08,400 Speaker 2: emergency funds. Can you give us some insight as to 292 00:15:08,440 --> 00:15:10,840 Speaker 2: what you and you Bank are seeing when it comes 293 00:15:10,880 --> 00:15:14,080 Speaker 2: to our health goals and our finance goals and how 294 00:15:14,240 --> 00:15:15,560 Speaker 2: COVID has impacted that. 295 00:15:17,440 --> 00:15:21,040 Speaker 5: So You've Bank's done some really interesting work research work 296 00:15:21,040 --> 00:15:23,960 Speaker 5: in the last probably the last eighteen months or so, 297 00:15:24,040 --> 00:15:29,120 Speaker 5: and we've looked at savings patterns for younger people and 298 00:15:30,280 --> 00:15:32,200 Speaker 5: it is really clear that there a lot of people 299 00:15:32,200 --> 00:15:36,160 Speaker 5: are struggling, you know, with underemployment or unemployment and the 300 00:15:36,240 --> 00:15:39,840 Speaker 5: uncertainty of things. But it's also really clear that there's 301 00:15:39,880 --> 00:15:43,400 Speaker 5: been a real shift in focus for people who are 302 00:15:43,440 --> 00:15:46,120 Speaker 5: trying to save, and you know, the focus being more 303 00:15:46,200 --> 00:15:50,760 Speaker 5: on rainy day accounts, on having a safety net underneath, 304 00:15:50,800 --> 00:15:56,360 Speaker 5: having an emergency fund, rather than saving for specific discretionary 305 00:15:56,360 --> 00:16:00,520 Speaker 5: goods or holidays, et cetera. And I think I think 306 00:16:00,560 --> 00:16:05,240 Speaker 5: that's a positive and so there's always an upside, right, 307 00:16:05,280 --> 00:16:09,520 Speaker 5: And I think that part of the conversation in Australia 308 00:16:09,640 --> 00:16:14,040 Speaker 5: and globally now is making sure that we plan. You know, 309 00:16:14,120 --> 00:16:15,960 Speaker 5: we hope for the best, but we plan for the worst. 310 00:16:16,080 --> 00:16:19,080 Speaker 5: And I think with financial management that's so much a 311 00:16:19,080 --> 00:16:20,880 Speaker 5: part of what you're trying to do, which is you're 312 00:16:20,920 --> 00:16:25,000 Speaker 5: trying to lay down healthy habits that are going to 313 00:16:25,040 --> 00:16:27,960 Speaker 5: help you achieve your goals, but also make sure that 314 00:16:28,000 --> 00:16:31,040 Speaker 5: you can manage if things don't go quite to plan. 315 00:16:32,000 --> 00:16:33,200 Speaker 4: So I think that one of the. 316 00:16:33,080 --> 00:16:37,400 Speaker 5: Things that COVID has done has helped us think about 317 00:16:37,680 --> 00:16:40,960 Speaker 5: a shortest span of time. So you know, previously, you know, 318 00:16:41,360 --> 00:16:43,480 Speaker 5: when you're saving for a goal that's ten years away, 319 00:16:43,520 --> 00:16:46,800 Speaker 5: it's really difficult to keep on a savings path for 320 00:16:46,880 --> 00:16:49,880 Speaker 5: ten years. And I think that what helpfully COVID has 321 00:16:49,880 --> 00:16:52,480 Speaker 5: shown us is that we don't necessarily know what's going 322 00:16:52,560 --> 00:16:55,080 Speaker 5: to happen in three months time, in six months time, 323 00:16:55,160 --> 00:16:58,120 Speaker 5: in nine months time. So all we can do is 324 00:16:58,480 --> 00:17:02,800 Speaker 5: lay down, you know, patterns today, tomorrow, next week that 325 00:17:02,840 --> 00:17:06,040 Speaker 5: are taking us in the right direction. Often when we 326 00:17:06,080 --> 00:17:09,480 Speaker 5: look into the savings patterns of new bank customers, we 327 00:17:09,520 --> 00:17:13,639 Speaker 5: see that people are setting themselves three month goals, so 328 00:17:13,680 --> 00:17:16,199 Speaker 5: they're saving a certain amount, they're trying to hit a 329 00:17:16,240 --> 00:17:18,520 Speaker 5: one thousand dollars savings goal, and once they've got the 330 00:17:18,560 --> 00:17:20,760 Speaker 5: one thousand savings goal, they're trying to hit a three 331 00:17:20,800 --> 00:17:23,359 Speaker 5: thousand savings goal. And when you break things down in 332 00:17:23,400 --> 00:17:25,520 Speaker 5: those kind of steps, it's a lot easier for people. 333 00:17:26,280 --> 00:17:29,200 Speaker 5: The challenge with saving for a house or an investment 334 00:17:29,240 --> 00:17:32,359 Speaker 5: property deposit is it's a big number. But if you 335 00:17:32,400 --> 00:17:34,560 Speaker 5: can break it down in smaller steps that it helps 336 00:17:34,600 --> 00:17:35,960 Speaker 5: keep you motivated along the way. 337 00:17:36,960 --> 00:17:38,960 Speaker 2: I would agree, and we see a lot of that 338 00:17:39,119 --> 00:17:42,280 Speaker 2: in our community. Like saving for a home is such 339 00:17:42,280 --> 00:17:46,119 Speaker 2: a big undertaking and it's actually really overwhelming when you 340 00:17:46,160 --> 00:17:48,919 Speaker 2: start speaking about it openly. You go, all right, philipa, 341 00:17:49,040 --> 00:17:51,160 Speaker 2: I would really like to save for my first home, 342 00:17:51,200 --> 00:17:53,240 Speaker 2: And you go, great, how much of a deposit do 343 00:17:53,240 --> 00:17:54,920 Speaker 2: you want? And you kind of start looking into it 344 00:17:54,960 --> 00:17:57,400 Speaker 2: and you go one hundred thousand dollars and you go okay, cool, 345 00:17:57,440 --> 00:18:00,320 Speaker 2: Like that seems pretty normal for metropolitan Melbourne. We're not 346 00:18:00,359 --> 00:18:03,359 Speaker 2: saying that that's normal regionally, but you go, okay, that 347 00:18:03,480 --> 00:18:06,600 Speaker 2: seems about fair. How much stamp duty am I paying? 348 00:18:06,600 --> 00:18:08,439 Speaker 2: And you've got to add all those things up, and 349 00:18:08,480 --> 00:18:11,600 Speaker 2: then we start breaking down that cost based on how 350 00:18:11,680 --> 00:18:14,959 Speaker 2: much capacity we actually do have to save and I 351 00:18:15,040 --> 00:18:17,879 Speaker 2: find it really interesting because there's a lot of research 352 00:18:17,920 --> 00:18:22,320 Speaker 2: at the moment in Australia done by the ABS saying 353 00:18:22,440 --> 00:18:25,600 Speaker 2: that it takes on average millennial four years to save 354 00:18:25,680 --> 00:18:29,000 Speaker 2: for a house, and I would absolutely argue with that 355 00:18:29,119 --> 00:18:32,600 Speaker 2: because looking at my community, to save one hundred thousand 356 00:18:32,640 --> 00:18:37,760 Speaker 2: dollars plus stamp duty, especially as a single female, it's 357 00:18:37,800 --> 00:18:39,880 Speaker 2: going to take close to ten years. And I think 358 00:18:39,920 --> 00:18:43,040 Speaker 2: we really need to start normalizing those timeframes, as much 359 00:18:43,040 --> 00:18:45,160 Speaker 2: as they are overwhelming, As much as you know we're 360 00:18:45,160 --> 00:18:48,640 Speaker 2: setting smaller three, six nine month goals like you were 361 00:18:48,680 --> 00:18:52,040 Speaker 2: talking about, we really need to normalize that. Yep, those 362 00:18:52,080 --> 00:18:54,240 Speaker 2: a little goals to set along the way, but the 363 00:18:54,280 --> 00:18:58,280 Speaker 2: bigger picture, unfortunately, is quite a large one and that's 364 00:18:58,280 --> 00:19:00,840 Speaker 2: a really big pill to swallow. And you've got to 365 00:19:00,880 --> 00:19:03,800 Speaker 2: really make sure that that goal that you're working towards 366 00:19:04,080 --> 00:19:06,880 Speaker 2: is one that you are super passionate about, because if 367 00:19:06,880 --> 00:19:08,520 Speaker 2: you're just saving for a house because you think it's 368 00:19:08,560 --> 00:19:11,439 Speaker 2: the right thing to do, that's such a big piece 369 00:19:11,480 --> 00:19:14,400 Speaker 2: of your life that you are contributing to something that 370 00:19:14,600 --> 00:19:16,840 Speaker 2: if it's not your favorite thing or it's not something 371 00:19:16,880 --> 00:19:21,159 Speaker 2: you genuinely want, maybe we really need to pivot and 372 00:19:21,400 --> 00:19:24,920 Speaker 2: reposition ourselves to make sure that we are actually creating 373 00:19:24,960 --> 00:19:28,679 Speaker 2: the life we want, because otherwise I can't see myself 374 00:19:28,680 --> 00:19:31,840 Speaker 2: committing to a goal for ten years that I ultimately 375 00:19:32,040 --> 00:19:35,160 Speaker 2: didn't want to achieve. And I'm in a very privileged 376 00:19:35,200 --> 00:19:38,360 Speaker 2: position where I have a dual income household. My partner 377 00:19:38,440 --> 00:19:41,359 Speaker 2: has a salary and way journing job, which is epic. 378 00:19:41,400 --> 00:19:44,840 Speaker 2: Is somebody who like me, earns their own income being 379 00:19:44,960 --> 00:19:47,840 Speaker 2: self employed, and that goes up and down depending on 380 00:19:47,880 --> 00:19:50,800 Speaker 2: the month. So for us, it was much easier to 381 00:19:50,880 --> 00:19:53,959 Speaker 2: save for home, but that journey still took more than 382 00:19:54,040 --> 00:19:56,240 Speaker 2: five years between the two of us, and I just 383 00:19:56,280 --> 00:19:58,880 Speaker 2: look at it and go even I didn't fit into 384 00:19:58,920 --> 00:20:02,399 Speaker 2: the millennial bracket of what was expected to save for 385 00:20:02,480 --> 00:20:05,000 Speaker 2: a home, and I think it just seems like such 386 00:20:05,119 --> 00:20:09,000 Speaker 2: unnecessary pressure, especially if in Melbourne it's going to take 387 00:20:09,040 --> 00:20:11,320 Speaker 2: one hundred thousand dollars, Like Tony, you and I were 388 00:20:11,320 --> 00:20:14,800 Speaker 2: talking about this recently, where you know you're thinking about 389 00:20:14,800 --> 00:20:17,800 Speaker 2: one day purchasing property and one hundred thousand dollars seems 390 00:20:17,840 --> 00:20:20,520 Speaker 2: to be about what you'd need to save four years. 391 00:20:20,520 --> 00:20:22,680 Speaker 2: That's twenty five thousand dollars a year. Do you have 392 00:20:22,760 --> 00:20:24,000 Speaker 2: that savings capacity. 393 00:20:24,200 --> 00:20:25,959 Speaker 3: It's a lot of money. 394 00:20:26,040 --> 00:20:27,800 Speaker 2: It's a lot of money, and I think that we 395 00:20:27,920 --> 00:20:31,120 Speaker 2: really need to normalize that that's so much. But back 396 00:20:31,119 --> 00:20:34,560 Speaker 2: to what you were saying before, Philippa, Let's make smaller goals. 397 00:20:34,640 --> 00:20:36,720 Speaker 2: Let's make those three month ones so that we can 398 00:20:36,760 --> 00:20:39,879 Speaker 2: stay on track. Let's do three, six, nine months so 399 00:20:39,920 --> 00:20:42,679 Speaker 2: that we can stay motivated in the long term instead 400 00:20:42,680 --> 00:20:45,400 Speaker 2: of falling the horse really really early on. 401 00:20:45,840 --> 00:20:49,040 Speaker 5: It's easy to think that you have to get somewhere 402 00:20:49,080 --> 00:20:53,040 Speaker 5: in one step as well. When I was in my twenties, 403 00:20:53,840 --> 00:20:58,960 Speaker 5: my first property that I purchased was a house right 404 00:20:59,080 --> 00:21:01,680 Speaker 5: up in the top of Northern Queensland because that's where 405 00:21:01,680 --> 00:21:04,639 Speaker 5: I could afford to buy a house. And the you know, 406 00:21:04,720 --> 00:21:07,399 Speaker 5: wisdom that had been passed down to me was that 407 00:21:07,520 --> 00:21:09,840 Speaker 5: land was it was better to buy land than to 408 00:21:09,840 --> 00:21:12,600 Speaker 5: buy an apartment. So as a result, I went to 409 00:21:13,000 --> 00:21:16,919 Speaker 5: remote northern Queensland, I bought a house. I sold that 410 00:21:17,040 --> 00:21:19,880 Speaker 5: house about five years later and made about a ten 411 00:21:19,920 --> 00:21:23,680 Speaker 5: percent loss on it. Oh no, yeah, because I bought 412 00:21:23,680 --> 00:21:27,679 Speaker 5: in a market that I didn't understand, and so you 413 00:21:27,720 --> 00:21:30,320 Speaker 5: make mistakes along the way, but you also learn something 414 00:21:30,400 --> 00:21:33,000 Speaker 5: from them. And you know, once I got myself out 415 00:21:33,040 --> 00:21:37,120 Speaker 5: of that situation. I bought an apartment in Sydney, and 416 00:21:38,440 --> 00:21:41,680 Speaker 5: I got to buying a family home for myself in 417 00:21:41,680 --> 00:21:45,280 Speaker 5: my late thirties post divorce. And I can tell you 418 00:21:45,400 --> 00:21:48,680 Speaker 5: late thirties post divorce, when you're taking on a big 419 00:21:48,720 --> 00:21:52,000 Speaker 5: mortgage all by yourself with two little kids, that's just 420 00:21:52,040 --> 00:21:55,720 Speaker 5: as scary as taking on debt in your twenties, when 421 00:21:55,800 --> 00:21:59,040 Speaker 5: you have no responsibilities and you have expenses in. 422 00:21:58,960 --> 00:22:00,760 Speaker 4: Your life that you can flect up and down. 423 00:22:01,400 --> 00:22:05,880 Speaker 5: So the thing that I think about property is property 424 00:22:06,359 --> 00:22:08,479 Speaker 5: will always feel like a big step. You know, no 425 00:22:08,520 --> 00:22:10,560 Speaker 5: matter where you are in your journey, you sort of 426 00:22:10,600 --> 00:22:13,280 Speaker 5: take a deep breath, you do all the thinking you 427 00:22:13,320 --> 00:22:16,320 Speaker 5: possibly can, you run all the numbers, and then you 428 00:22:16,359 --> 00:22:19,199 Speaker 5: step out into it. But one of the things that 429 00:22:19,240 --> 00:22:21,920 Speaker 5: I think is really important with property is that you're 430 00:22:21,960 --> 00:22:25,399 Speaker 5: thinking really hard about the impact that that property is 431 00:22:25,440 --> 00:22:31,720 Speaker 5: going to have on your lifestyle. And just as you've said, Victoria, 432 00:22:31,840 --> 00:22:36,040 Speaker 5: buying a property that you can't afford so that you 433 00:22:36,960 --> 00:22:40,320 Speaker 5: have the feeling that you've got greater safety and security 434 00:22:40,440 --> 00:22:43,440 Speaker 5: is not necessarily a step forward. And when you look 435 00:22:43,480 --> 00:22:47,399 Speaker 5: at all of the hype around property prices, sure we 436 00:22:47,440 --> 00:22:49,840 Speaker 5: are in a market that is very buoyant at the moment, 437 00:22:50,000 --> 00:22:54,359 Speaker 5: but we've also got a whole lot of extra dynamics 438 00:22:54,359 --> 00:22:56,480 Speaker 5: that go into making you feel like you should be 439 00:22:56,560 --> 00:23:00,800 Speaker 5: panicked about property. So you know, you've got clickbait news articles, 440 00:23:00,840 --> 00:23:04,000 Speaker 5: you've got most of us have feed set up so 441 00:23:04,040 --> 00:23:06,720 Speaker 5: that you're inundated with all these properties that hit your 442 00:23:07,640 --> 00:23:10,320 Speaker 5: email or your phone even when you're not even thinking 443 00:23:10,359 --> 00:23:13,800 Speaker 5: about it. And I think that the important thing when 444 00:23:13,800 --> 00:23:18,159 Speaker 5: you're looking at getting into property investment is that you 445 00:23:18,359 --> 00:23:21,439 Speaker 5: just think about what you can really afford, and you 446 00:23:21,480 --> 00:23:25,399 Speaker 5: set parameters around that, and you don't go chasing things 447 00:23:25,440 --> 00:23:27,120 Speaker 5: that are going to put you in a position where 448 00:23:27,119 --> 00:23:29,760 Speaker 5: you feel more vulnerable. And you just don't panic as well, 449 00:23:29,800 --> 00:23:34,480 Speaker 5: because even though you think you have, you know there's 450 00:23:34,520 --> 00:23:36,479 Speaker 5: a lack of supply at the moment and I have 451 00:23:36,560 --> 00:23:40,160 Speaker 5: to find something. In reality, you know, there are tens 452 00:23:40,240 --> 00:23:43,359 Speaker 5: of thousands of houses every year traded across Australia, So 453 00:23:43,760 --> 00:23:46,639 Speaker 5: we shouldn't feel in a mad panic just right now. 454 00:23:47,160 --> 00:23:49,080 Speaker 2: I think that's a really good point, and that's something 455 00:23:49,119 --> 00:23:52,439 Speaker 2: that I really admire about you, is how openly you 456 00:23:52,480 --> 00:23:54,879 Speaker 2: speak about your own journey, because I feel like that 457 00:23:55,040 --> 00:23:59,080 Speaker 2: is so relatable, especially to our community. Like you mentioned 458 00:23:59,080 --> 00:24:00,760 Speaker 2: it before, like you've got and through a divorce, you 459 00:24:00,760 --> 00:24:03,679 Speaker 2: had two small kids. You managed to buy a house 460 00:24:03,800 --> 00:24:06,440 Speaker 2: on your own, which is no mean feet. It doesn't 461 00:24:06,480 --> 00:24:09,000 Speaker 2: matter what type of income you have. At the end 462 00:24:09,080 --> 00:24:12,960 Speaker 2: of the day, being a sole income household, purchasing a 463 00:24:13,000 --> 00:24:16,119 Speaker 2: home is really hard. If you could go back to 464 00:24:16,480 --> 00:24:19,000 Speaker 2: just before you did that, do you have any tips 465 00:24:19,000 --> 00:24:20,800 Speaker 2: and tricks that you wish you had. 466 00:24:22,920 --> 00:24:26,879 Speaker 5: I think the thing that I'm most pleased about with 467 00:24:26,920 --> 00:24:30,920 Speaker 5: my personal journey, and it's important to your listener base. 468 00:24:31,200 --> 00:24:34,000 Speaker 5: I think because you've got such a strong female listener base, 469 00:24:35,359 --> 00:24:36,800 Speaker 5: is that you hear a lot of advice when you 470 00:24:36,800 --> 00:24:42,080 Speaker 5: have kids about how having children and pursuing your career 471 00:24:42,320 --> 00:24:44,800 Speaker 5: are at odds with one another. And I certainly when 472 00:24:44,840 --> 00:24:48,040 Speaker 5: I had young kids, I spent a lot of time 473 00:24:48,080 --> 00:24:51,200 Speaker 5: thinking about the impact of being a full time working 474 00:24:51,320 --> 00:24:54,600 Speaker 5: mum on my two little boys, and I really grappled 475 00:24:54,680 --> 00:24:59,080 Speaker 5: with what was the right balance, etc. But I can 476 00:24:59,119 --> 00:25:02,280 Speaker 5: tell you when I I was in the situation of 477 00:25:03,160 --> 00:25:08,399 Speaker 5: being the sole sort of source of stability for those kids, 478 00:25:09,160 --> 00:25:12,160 Speaker 5: I was so pleased that at so many times where 479 00:25:12,160 --> 00:25:14,399 Speaker 5: I could have wound back from my career, I actually 480 00:25:14,520 --> 00:25:19,280 Speaker 5: lent in and I lent into being in a position 481 00:25:19,359 --> 00:25:22,959 Speaker 5: of having a good job, good career prospects, etc. Because 482 00:25:23,720 --> 00:25:26,119 Speaker 5: then when the time came, I was able to provide 483 00:25:26,119 --> 00:25:28,080 Speaker 5: for my kids and provide. 484 00:25:27,720 --> 00:25:28,680 Speaker 4: For myself as well. 485 00:25:28,920 --> 00:25:32,280 Speaker 5: So one of the things I'd say to your community is, 486 00:25:32,520 --> 00:25:34,359 Speaker 5: you know, for the moms out there that are struggling 487 00:25:34,480 --> 00:25:37,480 Speaker 5: with the questions about, you know, should I feel guilty 488 00:25:37,480 --> 00:25:42,320 Speaker 5: about pursuing my career or does financial stability matter versus 489 00:25:42,880 --> 00:25:43,920 Speaker 5: being there at. 490 00:25:43,840 --> 00:25:46,240 Speaker 4: Every single moment of every single day with the kids. 491 00:25:46,800 --> 00:25:49,600 Speaker 5: I openly encourage all the women that I work with 492 00:25:50,160 --> 00:25:53,920 Speaker 5: to make sure that they're putting their financial stability really 493 00:25:53,920 --> 00:25:55,920 Speaker 5: at the heart of what they're doing, because your kids 494 00:25:55,920 --> 00:25:58,639 Speaker 5: are better off if you have financial stability, and you 495 00:25:58,680 --> 00:26:02,720 Speaker 5: can make better choices if you've got options. And so, 496 00:26:03,880 --> 00:26:06,720 Speaker 5: while that doesn't directly answer your question about what it 497 00:26:06,880 --> 00:26:10,320 Speaker 5: felt like or what my tips were for myself, I 498 00:26:10,320 --> 00:26:12,679 Speaker 5: think that my number one tip for the women in 499 00:26:12,720 --> 00:26:17,960 Speaker 5: your community is to stay the course with believing that 500 00:26:18,080 --> 00:26:24,800 Speaker 5: financial stability matters. And also just money sounds complex, you know, 501 00:26:24,920 --> 00:26:28,960 Speaker 5: finance sounds complex, and there is also a whole industry 502 00:26:29,000 --> 00:26:31,840 Speaker 5: around making it sound complex so that people feel that 503 00:26:31,920 --> 00:26:35,080 Speaker 5: they can't do things without you know, lots and lots 504 00:26:35,119 --> 00:26:39,159 Speaker 5: of advice around them, but there's lots of ways to 505 00:26:39,280 --> 00:26:42,600 Speaker 5: educate yourself. You know, Victoria, your book is fantastic. I've 506 00:26:42,600 --> 00:26:44,000 Speaker 5: bought it for a whole bunch of people, and we've 507 00:26:44,000 --> 00:26:45,240 Speaker 5: sent it out to all the stuff. 508 00:26:44,960 --> 00:26:48,639 Speaker 2: I really did, you really really did. I was the 509 00:26:48,640 --> 00:26:51,520 Speaker 2: one who fulfilled that and signed the books, and there 510 00:26:51,640 --> 00:26:54,080 Speaker 2: was a lot of them, and I'm very very grateful 511 00:26:54,160 --> 00:26:56,879 Speaker 2: for that. Philiper. Whenni, you're writing your book, because like, 512 00:26:56,920 --> 00:26:58,800 Speaker 2: I want a book on your journey, I want all 513 00:26:58,840 --> 00:27:01,199 Speaker 2: your tips and tricks to be told to lean in 514 00:27:01,320 --> 00:27:03,720 Speaker 2: when we feel like we shouldn't be, Like, I want 515 00:27:03,760 --> 00:27:06,920 Speaker 2: all of this wrapped up with a really beautiful cover. 516 00:27:07,160 --> 00:27:08,840 Speaker 2: Got a publisher? Can you introduce you? 517 00:27:10,040 --> 00:27:12,480 Speaker 5: Look, I think that when I look at the people 518 00:27:12,520 --> 00:27:15,680 Speaker 5: that I've learned from in my career, they are people 519 00:27:15,760 --> 00:27:18,440 Speaker 5: who make mistakes and they get it wrong, but they're 520 00:27:18,440 --> 00:27:21,520 Speaker 5: willing to share that. And you know, there's so many, 521 00:27:22,400 --> 00:27:27,399 Speaker 5: so many people who are successful in life, and you know, 522 00:27:27,440 --> 00:27:30,320 Speaker 5: they lay out the playbook of I did this amazing thing, 523 00:27:30,320 --> 00:27:32,880 Speaker 5: then I did that amazing thing, and the following year, 524 00:27:32,880 --> 00:27:35,040 Speaker 5: I did another amazing thing. And that's not how life 525 00:27:35,080 --> 00:27:39,479 Speaker 5: pans out. Life pans out usually with trying some stuff, 526 00:27:39,600 --> 00:27:43,880 Speaker 5: stumbling a bit, picking yourself up, trying something else, succeeding 527 00:27:43,960 --> 00:27:46,040 Speaker 5: there than the next thing you try you get knocked down. 528 00:27:46,119 --> 00:27:47,879 Speaker 5: And there is a lot to be said for just 529 00:27:47,920 --> 00:27:50,760 Speaker 5: getting up, dusting yourself off, and keeping on going. 530 00:27:51,040 --> 00:27:54,080 Speaker 4: And I think it's the same with personal finances. 531 00:27:54,119 --> 00:27:56,440 Speaker 5: That you know, you set yourself a three month goal, 532 00:27:56,720 --> 00:28:00,400 Speaker 5: and eight times out of ten you don't achieve goal 533 00:28:00,440 --> 00:28:03,200 Speaker 5: because for some reason something happens, you fall off the 534 00:28:03,240 --> 00:28:05,640 Speaker 5: wag and you accidentally buy that thing that you shouldn't 535 00:28:05,680 --> 00:28:06,040 Speaker 5: have bought. 536 00:28:06,760 --> 00:28:09,160 Speaker 4: But at least we've all been there. Yeah, we'll been there, right, 537 00:28:09,440 --> 00:28:10,160 Speaker 4: I've all been there. 538 00:28:10,160 --> 00:28:11,760 Speaker 5: But at least if you set yourself a goal and 539 00:28:11,840 --> 00:28:13,800 Speaker 5: you work towards it, even if you only get eighty 540 00:28:13,800 --> 00:28:15,359 Speaker 5: percent of the way there, you're better off than if 541 00:28:15,359 --> 00:28:17,280 Speaker 5: you've never set the goal at all. And that's why 542 00:28:17,480 --> 00:28:19,520 Speaker 5: I like what you guys do, which is, you know, 543 00:28:19,560 --> 00:28:23,400 Speaker 5: you encourage people to make a plan, do their best 544 00:28:23,440 --> 00:28:24,960 Speaker 5: to stick to the plan, and if they don't stick 545 00:28:25,000 --> 00:28:26,040 Speaker 5: to it, it doesn't matter. 546 00:28:26,200 --> 00:28:27,240 Speaker 4: Just get up and keep going. 547 00:28:28,000 --> 00:28:30,520 Speaker 2: I like that, and I think that that's one of 548 00:28:30,560 --> 00:28:33,680 Speaker 2: the things that I really admire about people, and it's 549 00:28:33,720 --> 00:28:36,840 Speaker 2: the thing that I've noticed I'm really drawn towards when 550 00:28:36,880 --> 00:28:39,560 Speaker 2: looking at, you know, people that I aspire to be like, 551 00:28:39,680 --> 00:28:41,760 Speaker 2: or people that I look towards who have really good 552 00:28:41,840 --> 00:28:44,560 Speaker 2: leadership skills. It's not that they're perfect. It's that they 553 00:28:44,640 --> 00:28:47,920 Speaker 2: usually have a really really good level of grit. They're 554 00:28:47,960 --> 00:28:50,760 Speaker 2: willing to get up when things are hard. They're willing 555 00:28:50,840 --> 00:28:54,240 Speaker 2: to try and try and try again. It's not because 556 00:28:54,280 --> 00:28:56,800 Speaker 2: they're the most intelligent people in the world. It's not 557 00:28:56,840 --> 00:28:59,960 Speaker 2: because they're the prettiest or the smartest, or literally any 558 00:29:00,120 --> 00:29:03,640 Speaker 2: thing est. It's always because they're the grittiest. And I 559 00:29:03,680 --> 00:29:05,680 Speaker 2: feel like that's one of the things that we can 560 00:29:05,760 --> 00:29:08,840 Speaker 2: all learn from and we can all take, I guess, 561 00:29:08,920 --> 00:29:11,600 Speaker 2: into our own personal lives when it comes to saving 562 00:29:11,760 --> 00:29:15,000 Speaker 2: or investing, or even just getting it together, when it 563 00:29:15,040 --> 00:29:17,720 Speaker 2: comes to having too many bank accounts or working out 564 00:29:17,840 --> 00:29:20,719 Speaker 2: what's going on with your super and rolling it all together. 565 00:29:21,120 --> 00:29:24,640 Speaker 2: It just takes grit. You don't have to be intelligent 566 00:29:24,880 --> 00:29:28,000 Speaker 2: or you know, the smartest or the funniest. You actually 567 00:29:28,200 --> 00:29:30,280 Speaker 2: just have to go all right I'm just going to 568 00:29:30,320 --> 00:29:32,200 Speaker 2: make this work. I'm going to look up how to 569 00:29:32,280 --> 00:29:34,640 Speaker 2: do it. I'm going to educate myself. I'm going to 570 00:29:34,720 --> 00:29:37,760 Speaker 2: do it again. And you know, I find it really 571 00:29:37,800 --> 00:29:41,200 Speaker 2: inspiring knowing where you've come from and what you've gone 572 00:29:41,240 --> 00:29:44,360 Speaker 2: through to then find out you're the CEO of a bank, 573 00:29:44,600 --> 00:29:47,160 Speaker 2: like one of the bigger banks in Australia. Like, that's 574 00:29:47,320 --> 00:29:51,040 Speaker 2: crazy to me to think that your tenacity has taken 575 00:29:51,080 --> 00:29:54,400 Speaker 2: you this far. Where to next, Philip Art? What are 576 00:29:54,400 --> 00:29:57,600 Speaker 2: you doing next? What is your bank doing next? How 577 00:29:57,640 --> 00:29:59,480 Speaker 2: can we all be a part of this journey? 578 00:30:01,000 --> 00:30:03,880 Speaker 4: Ubank's on a pretty exciting path at the moment. 579 00:30:03,960 --> 00:30:06,920 Speaker 5: We have just been part of the purchase of one 580 00:30:06,960 --> 00:30:10,480 Speaker 5: of the really new banks that's been launched in Australia. 581 00:30:10,560 --> 00:30:13,760 Speaker 5: That's a bank called eighty six four hundred, which is 582 00:30:13,800 --> 00:30:16,200 Speaker 5: a name that's a little bit hard to remember, but 583 00:30:16,280 --> 00:30:16,920 Speaker 5: it stands for. 584 00:30:16,840 --> 00:30:19,680 Speaker 2: The Numbies on the Money Knows because we worked with 585 00:30:19,720 --> 00:30:22,840 Speaker 2: them in our very second season of the podcast. Eighty 586 00:30:22,880 --> 00:30:25,280 Speaker 2: six four hundred because that's how many seconds are in 587 00:30:25,320 --> 00:30:26,480 Speaker 2: a day, right. 588 00:30:26,600 --> 00:30:27,600 Speaker 4: That's exactly right. 589 00:30:27,680 --> 00:30:30,120 Speaker 5: So U Bank is merging with eighty six four hundred, 590 00:30:30,160 --> 00:30:34,080 Speaker 5: which means that we will move on to incredible new 591 00:30:34,080 --> 00:30:37,320 Speaker 5: technology that the team has built, and there's a really 592 00:30:38,320 --> 00:30:41,200 Speaker 5: great team on both sides that are coming together. The 593 00:30:41,280 --> 00:30:44,080 Speaker 5: thing that makes U Bank and eighty six one hundred 594 00:30:44,160 --> 00:30:48,160 Speaker 5: really compatible is that both teams and both organizations are 595 00:30:48,160 --> 00:30:53,280 Speaker 5: passionate about bringing incredible value to customers, so that customers 596 00:30:53,280 --> 00:30:55,400 Speaker 5: are getting absolute bang for their buck. 597 00:30:55,400 --> 00:30:58,320 Speaker 4: Through their banking and through their home loans as well. 598 00:30:58,400 --> 00:31:01,400 Speaker 5: So we're on a good journey. It's pretty exciting at 599 00:31:01,400 --> 00:31:06,400 Speaker 5: the moment. And yeah, there's plenty of your listener base 600 00:31:06,440 --> 00:31:11,040 Speaker 5: who bank with us and hoping to be able to throw. 601 00:31:10,880 --> 00:31:12,720 Speaker 4: Open the door to more in the future. 602 00:31:13,000 --> 00:31:15,560 Speaker 2: I hope so, because I feel like it's really aligned 603 00:31:15,600 --> 00:31:18,880 Speaker 2: to our values and our purpose and exactly what we 604 00:31:18,920 --> 00:31:21,800 Speaker 2: want to do. And I know that it makes me 605 00:31:21,920 --> 00:31:25,080 Speaker 2: feel more motivated just knowing even in the background that 606 00:31:25,120 --> 00:31:28,040 Speaker 2: the people I'm working with or you know, engage with, 607 00:31:28,240 --> 00:31:31,320 Speaker 2: are on my team and are working towards similar goals. 608 00:31:31,320 --> 00:31:33,800 Speaker 2: And you know, they've bought a family home, so they've 609 00:31:33,800 --> 00:31:36,200 Speaker 2: been through that, so they know what that's like, and 610 00:31:36,240 --> 00:31:38,760 Speaker 2: they know what, you know, facilities I might need in 611 00:31:38,800 --> 00:31:41,040 Speaker 2: the future with my mortgage. I just think it's so 612 00:31:41,120 --> 00:31:44,360 Speaker 2: smart and you bank. Are literally so lucky to have you. 613 00:31:44,960 --> 00:31:47,840 Speaker 2: I know we keep talking and I'm so grateful to 614 00:31:47,920 --> 00:31:50,520 Speaker 2: have been able to have this opportunity to have a 615 00:31:50,600 --> 00:31:53,920 Speaker 2: chat with you. But I would love to know, as 616 00:31:53,960 --> 00:31:56,880 Speaker 2: the CEO of a bank, what are your top three 617 00:31:56,920 --> 00:31:57,880 Speaker 2: finance tips? 618 00:31:59,280 --> 00:32:03,040 Speaker 5: Top three finans It's tips from me as much from 619 00:32:03,040 --> 00:32:06,360 Speaker 5: my personal life as being CEO of the bank, because 620 00:32:07,200 --> 00:32:10,760 Speaker 5: I tend to find that what works for myself is 621 00:32:10,800 --> 00:32:14,280 Speaker 5: a decent start. So tip number one, I would say, 622 00:32:14,320 --> 00:32:19,200 Speaker 5: don't be intimidated by finances. So it's money, that's all 623 00:32:19,240 --> 00:32:22,880 Speaker 5: it is. There shouldn't be anything intimidating. There's plenty of 624 00:32:22,880 --> 00:32:25,000 Speaker 5: books you can read. Your one is the best place 625 00:32:25,040 --> 00:32:28,640 Speaker 5: to start Victoria, but don't let anyone make you feel 626 00:32:28,720 --> 00:32:31,120 Speaker 5: like you're not smart enough to take control of your money. 627 00:32:32,480 --> 00:32:34,480 Speaker 5: And the thing linked to that as well is, particularly 628 00:32:34,520 --> 00:32:38,120 Speaker 5: as you've got a big female listener base, stay in 629 00:32:38,120 --> 00:32:41,600 Speaker 5: control of your money. So it's really important that you're 630 00:32:41,600 --> 00:32:46,240 Speaker 5: thinking really hard about what you manage yourself. If you're 631 00:32:46,280 --> 00:32:49,840 Speaker 5: in a partnership, be really thoughtful about making sure that 632 00:32:49,920 --> 00:32:52,040 Speaker 5: you continue to be in the driver's seat of your 633 00:32:52,040 --> 00:32:55,520 Speaker 5: own money so that you can make sure that you 634 00:32:55,560 --> 00:32:58,360 Speaker 5: are always well placed to take care of yourself if 635 00:32:58,400 --> 00:33:02,960 Speaker 5: the need arises. Next tip would be, you know, it's 636 00:33:02,960 --> 00:33:06,600 Speaker 5: about lifestyle creep. So if you are hanging out with 637 00:33:06,680 --> 00:33:10,880 Speaker 5: people who are in a very different financial position to yourself, 638 00:33:11,400 --> 00:33:14,520 Speaker 5: you can very easily find that in an effort to 639 00:33:14,560 --> 00:33:18,040 Speaker 5: keep up with the people around you, you're actually depleting 640 00:33:18,040 --> 00:33:20,520 Speaker 5: your savings and you're not getting ahead because you're going 641 00:33:20,520 --> 00:33:22,320 Speaker 5: out to dinner. Well not at the moment because we're 642 00:33:22,320 --> 00:33:24,280 Speaker 5: in COVID, but you're spending money you don't have. 643 00:33:24,640 --> 00:33:27,880 Speaker 2: You used to know that, like maybe soon, Like I 644 00:33:27,880 --> 00:33:30,200 Speaker 2: don't know how it's going in New South Wales, but 645 00:33:30,280 --> 00:33:32,280 Speaker 2: here in Victoria we've been told that this is the 646 00:33:32,360 --> 00:33:35,840 Speaker 2: lasted lockdown will ever go through, which means we'll probably 647 00:33:35,880 --> 00:33:37,960 Speaker 2: have a lot more dinners in our future. So still 648 00:33:38,120 --> 00:33:44,200 Speaker 2: very relevant commentary exactly, So lifestyle creep, be thoughtful about. 649 00:33:45,200 --> 00:33:48,640 Speaker 4: You know, the costs that you have in your life. 650 00:33:48,680 --> 00:33:52,040 Speaker 5: Are you're living in a place that actually it's a 651 00:33:52,120 --> 00:33:54,560 Speaker 5: nice place, but it's pushing you to the limits of 652 00:33:54,560 --> 00:33:56,880 Speaker 5: what you can afford. Are you're hanging out with people 653 00:33:56,960 --> 00:34:00,160 Speaker 5: who actually have a really different income to you, and 654 00:34:00,240 --> 00:34:02,760 Speaker 5: so you're finding that they're able to save, but you 655 00:34:02,800 --> 00:34:06,080 Speaker 5: aren't because of the lifestyle keeping up with the Jones. 656 00:34:06,080 --> 00:34:08,600 Speaker 5: And so that's the second thing. And the third thing 657 00:34:09,080 --> 00:34:12,840 Speaker 5: is really about automating. So you know, put your savings 658 00:34:12,960 --> 00:34:16,080 Speaker 5: plan on automation. If you get a pay rise, don't 659 00:34:16,160 --> 00:34:19,640 Speaker 5: let your costs and your expenses just creep up with 660 00:34:19,680 --> 00:34:23,799 Speaker 5: the pay rise. So try to lock yourself in to 661 00:34:23,840 --> 00:34:26,440 Speaker 5: a certain amount of spending and hold it for a 662 00:34:26,440 --> 00:34:28,520 Speaker 5: couple of years, because in a couple of years we 663 00:34:28,640 --> 00:34:30,600 Speaker 5: all tend to get a little bit of pay rise 664 00:34:30,640 --> 00:34:32,120 Speaker 5: or a little bit of extra money in And if 665 00:34:32,160 --> 00:34:34,880 Speaker 5: you cannot inflate your lifestyle, that puts you in a 666 00:34:34,920 --> 00:34:35,520 Speaker 5: good position. 667 00:34:35,840 --> 00:34:39,560 Speaker 2: You're in the perfect position to have such impactful change. 668 00:34:39,680 --> 00:34:42,160 Speaker 2: And the fact that you are in the driver's seat 669 00:34:42,360 --> 00:34:45,600 Speaker 2: of such a large bank, like watching it from the sidelines, 670 00:34:45,680 --> 00:34:48,320 Speaker 2: knowing that you guys have just acquired eighty six four hundred, 671 00:34:48,480 --> 00:34:51,719 Speaker 2: like we are so excited to watch the future of 672 00:34:51,840 --> 00:34:54,279 Speaker 2: you guys and what you create. And I have no 673 00:34:54,440 --> 00:34:57,280 Speaker 2: doubt ten years from now will just be talking about 674 00:34:57,280 --> 00:35:00,799 Speaker 2: all of the good work that PHILIPA did. Well. 675 00:35:00,800 --> 00:35:02,720 Speaker 4: Look, I've been following I think Victoria. 676 00:35:02,760 --> 00:35:04,919 Speaker 5: I reached out to you a number of months back 677 00:35:05,239 --> 00:35:08,080 Speaker 5: I really admire what you're doing. I think that there 678 00:35:08,200 --> 00:35:11,560 Speaker 5: is such an important space for women helping other women 679 00:35:11,880 --> 00:35:15,960 Speaker 5: in all aspects of life, but particularly around financial empowerment. 680 00:35:17,040 --> 00:35:20,480 Speaker 5: For many, many reasons, women are always better off if 681 00:35:20,520 --> 00:35:24,759 Speaker 5: they have financial stability. Their children are better off, their 682 00:35:24,800 --> 00:35:27,839 Speaker 5: communities are better off, their aging parents are better off. 683 00:35:28,480 --> 00:35:30,560 Speaker 5: The more that we can do to help women take 684 00:35:30,600 --> 00:35:34,320 Speaker 5: control of their money and their financial future, the better 685 00:35:34,360 --> 00:35:36,960 Speaker 5: things go. So what you're doing is wonderful. I'm glad 686 00:35:36,960 --> 00:35:38,160 Speaker 5: to be a part of it, and I think you 687 00:35:38,160 --> 00:35:38,640 Speaker 5: guys are. 688 00:35:38,520 --> 00:35:46,200 Speaker 2: Great, Tony. That was an epic interview. I loved every 689 00:35:46,320 --> 00:35:49,000 Speaker 2: second of that, and I feel like our community is 690 00:35:49,040 --> 00:35:51,440 Speaker 2: going to absorb it and love it as well, and 691 00:35:51,520 --> 00:35:54,120 Speaker 2: hopefully love her just a little bit more, because who 692 00:35:54,120 --> 00:35:56,960 Speaker 2: doesn't love a female in a leadership position where she 693 00:35:57,040 --> 00:36:00,359 Speaker 2: can actually make tangible change? Is that not all? 694 00:36:00,719 --> 00:36:02,920 Speaker 3: It's our favorite thing to see. And you Bank have 695 00:36:03,000 --> 00:36:06,160 Speaker 3: actually been so generous with their time. We've interviewed them 696 00:36:06,160 --> 00:36:09,080 Speaker 3: before over on the Property Playbook. So if you want 697 00:36:09,080 --> 00:36:11,880 Speaker 3: to hear Ubank chat to us about, you know, mortgage 698 00:36:11,880 --> 00:36:14,000 Speaker 3: myth busting, you're going to absolutely love it. And that's 699 00:36:14,040 --> 00:36:15,240 Speaker 3: over on the Property Playbook. 700 00:36:15,280 --> 00:36:15,520 Speaker 2: Feed. 701 00:36:16,160 --> 00:36:19,120 Speaker 3: I assume that everybody that's listening to this also subscribes 702 00:36:19,160 --> 00:36:20,920 Speaker 3: to that, but we just pop that in just to 703 00:36:20,920 --> 00:36:21,319 Speaker 3: make sure. 704 00:36:21,600 --> 00:36:23,400 Speaker 2: Yeah, Like it's not just She's on the money. We 705 00:36:23,480 --> 00:36:27,040 Speaker 2: actually have two other podcasts which so many people are like, oh, hey, 706 00:36:27,080 --> 00:36:28,799 Speaker 2: I saw a post and she's on the money. The 707 00:36:28,840 --> 00:36:31,080 Speaker 2: other day that was like, hey, any small business owners 708 00:36:31,080 --> 00:36:32,879 Speaker 2: here as well, and she's on the money. I was like, hey, 709 00:36:32,920 --> 00:36:36,000 Speaker 2: did you know we have an entire community for you guys? Anyway, 710 00:36:36,320 --> 00:36:38,120 Speaker 2: I think that that would be really fun if you 711 00:36:38,280 --> 00:36:41,120 Speaker 2: are looking to turbocharge your savings or learn more about 712 00:36:41,160 --> 00:36:44,440 Speaker 2: the property journey. The Property Playbook is absolutely built for you, 713 00:36:44,520 --> 00:36:47,600 Speaker 2: my friends, So hop on over there and check it out. 714 00:36:47,600 --> 00:36:51,160 Speaker 2: But as always, that is all we have time for today. 715 00:36:51,440 --> 00:36:53,880 Speaker 2: So just before we head off, we'd like to acknowledge 716 00:36:53,920 --> 00:36:57,120 Speaker 2: and pay our respects to Australia's Aboriginal and tourist Rait 717 00:36:57,200 --> 00:37:01,600 Speaker 2: Islander people's. They're the traditional custodians lands, the waterways and 718 00:37:01,640 --> 00:37:05,280 Speaker 2: the skies all across Australia. We thank you for sharing, 719 00:37:05,480 --> 00:37:07,840 Speaker 2: for caring for the land on which we are able 720 00:37:07,920 --> 00:37:11,080 Speaker 2: to learn. We pay respects to elders past and present, 721 00:37:11,160 --> 00:37:13,799 Speaker 2: and we share our friendship and our kindness. 722 00:37:14,239 --> 00:37:16,640 Speaker 3: The advice shared on Shees on the Money is generally 723 00:37:16,760 --> 00:37:20,520 Speaker 3: nature and does not consider your individual circumstances. She's on 724 00:37:20,600 --> 00:37:23,840 Speaker 3: the Money exists purely for educational purposes and should not 725 00:37:23,880 --> 00:37:27,240 Speaker 3: be relied upon to make an investment or any financial decision. 726 00:37:27,719 --> 00:37:30,600 Speaker 3: And we promise that Miss Victoria Divine is an authorized 727 00:37:30,640 --> 00:37:33,680 Speaker 3: representative of that's you. And did you know that you're 728 00:37:33,719 --> 00:37:37,320 Speaker 3: an authorized representative of Australia Pacific Funds Management Proprietary Limited 729 00:37:37,360 --> 00:37:39,239 Speaker 3: ABM three four one three two four six three two 730 00:37:39,320 --> 00:37:41,520 Speaker 3: five seven AFSL three three nine one five one. 731 00:37:41,680 --> 00:37:44,800 Speaker 2: I actually knew that. And I know all those numbers 732 00:37:44,840 --> 00:37:46,759 Speaker 2: because whenever we do advice, I have to write those 733 00:37:46,840 --> 00:37:49,960 Speaker 2: numbers on everything. They're like kind of let my phone number, 734 00:37:50,280 --> 00:37:52,720 Speaker 2: so I know them back to front, all way around. 735 00:37:52,800 --> 00:37:54,560 Speaker 2: Like That's why sometimes at the end of pods and 736 00:37:54,560 --> 00:37:56,400 Speaker 2: I just butt in and say, hey Tony, I know 737 00:37:56,480 --> 00:37:57,440 Speaker 2: this too, just like. 738 00:37:57,719 --> 00:38:00,200 Speaker 3: Flex just a flex, Yeah, fair enough. 739 00:38:00,040 --> 00:38:01,040 Speaker 2: I've got finances. 740 00:38:01,080 --> 00:38:04,200 Speaker 3: Cool guys, We hope you love this bonus episode, but 741 00:38:04,239 --> 00:38:05,160 Speaker 3: we'll catch you Monday. 742 00:38:05,440 --> 00:38:06,640 Speaker 2: See your later, brands. Hi