Speaker 1: Just before we get started, we'd like to acknowledge and
Speaker 1: pay respect to Australia's Aboriginal and torrest Rate islander people's.
Speaker 1: They're the traditional custodians of the lands, the waterways and
Speaker 1: the skies all across Australia. We thank you for sharing
Speaker 1: and for caring for the land on which we are
Speaker 1: able to learn. We pay respects to elders past and present,
Speaker 1: and we share our friendship and our kindness.
Speaker 2: She's on the Money, She's on the Money.
Speaker 1: Hello, and welcome to She's on the Money, the podcast
Speaker 1: Millennials who Want Financial Freedom. Today's Friday, which means it
Speaker 1: is time to sit back with the girls with a
Speaker 1: bevy in hand, to unpack our favorite moments of the week,
Speaker 1: and of course to celebrate you fool She's on the
Speaker 1: Money community. As always, we're going to be discussing our
Speaker 1: favorite money wins, We're going to discuss what's making news
Speaker 1: in the finance world, and we'll be hoping to answer
Speaker 1: a do you see money question, which this week is
Speaker 1: all about having awkward conversations about setting boundaries in the workplace.
Speaker 1: But before we get there, miss Jesse Gourichi, could you
Speaker 1: let us know for those of us who missed out
Speaker 1: what happened on our Money Diaries episode this week.
Speaker 3: This week's episode got so much spectacular feedback because this
Speaker 3: particular woman had left a relationship and a little content
Speaker 3: wandering here talking about abuse. So if that's rough you,
Speaker 3: perhaps not the episode and just skip a head like
Speaker 3: thirty seconds right now. But she left an emotionally, physically
Speaker 3: financially abusive relationship. It sounded so hectic, and she ended
Speaker 3: up with a mountain of debt in her name that she.
Speaker 1: Had not accrued. It's so unfair. I still think about
Speaker 1: this every day since we have spoken to her, and
Speaker 1: it just it frustrates me that you can be lumped
Speaker 1: with somebody else's debt and it's legal.
Speaker 3: Yeah, over one hundred grand in debt she was left with,
Speaker 3: and she paid off every cent plus interest. She did
Speaker 3: it all by herself. She's debt free and now she's.
Speaker 1: Truly she's just thriving.
Speaker 3: She has her driving, she has a new partner. She
Speaker 3: just genuinely radiated so much warmth and happiness. And to
Speaker 3: look at her and be like, you have bloody been
Speaker 3: through it and you have come out the other side.
Speaker 3: This beautiful, amazing person was so so inspirational.
Speaker 1: It was epic. I loved her. Georgia King, Hello chusy
Speaker 1: week being my love, A good week, good weak, good week,
Speaker 1: not bad.
Speaker 4: Yes, yes, that's always good week. I'm like from the
Speaker 4: wardrobe of last time.
Speaker 3: It's good to be back with the girlies.
Speaker 1: You're welcome, Welcome back to the Welcome back to the studio.
Speaker 1: What happened on our deep dive this week? Gking on
Speaker 1: tour so.
Speaker 4: We discussed how to have difficult conversations with your boss spicy,
Speaker 4: So we covered things like salary, your workload, workplace culture
Speaker 4: and so on.
Speaker 1: Culture culture.
Speaker 4: The main thing I feel like that came out of
Speaker 4: the chat was how to be assertive in the workplace,
Speaker 4: which is something you're really good at. I'm looking at
Speaker 4: Victoria for people that can't see.
Speaker 1: It's actually yes, Jess is really asserted. Don't try crossing
Speaker 1: her boundaries.
Speaker 4: Is that you've learned since being it? She's on the
Speaker 4: money jest? Or has it always come naturally?
Speaker 3: Largely it came from working in a male dominator. I
Speaker 3: don't think I started that. Yeah, it definitely would have different.
Speaker 3: I've got a better You have taught me a lot,
Speaker 3: but yeah, I think working in a male dominated industry,
Speaker 3: Like I kind of learned.
Speaker 1: You just got her.
Speaker 3: Sometimes ye do it getting down.
Speaker 1: They do right.
Speaker 4: And a big part of that conversation was talking about
Speaker 4: email etiquette, which we maybe so.
Speaker 3: Passionate.
Speaker 4: It was so interesting. We were saying you should always
Speaker 4: take the word.
Speaker 3: Just out of your emails. I remember that's a conversation
Speaker 3: we had in like my first two or three weeks
Speaker 3: of employment. I got you to read over something because
Speaker 3: I was new, and I was a bit like, please
Speaker 3: help me, and you like read over something that I'd sent,
Speaker 3: and you're like, delete, delete, delete, delete, And I was like,
Speaker 3: and you're like, I just don't think just the word
Speaker 3: absolutely not what I said. And you said, I don't
Speaker 3: think that you should be justifying your language. Just say
Speaker 3: what you mean. And I was like, oh okay, And
Speaker 3: now you feel so much more empowered. I'm the queen
Speaker 3: of the one line email, Like, you know what, don't
Speaker 3: waste anybody's time, I think is respectful.
Speaker 4: Yeah, I'm still stuck in a land of smiley faces
Speaker 4: and every center.
Speaker 1: So nice to see you. Just wondering if I could
Speaker 1: report explanation Mark, but like that's just it, right, and
Speaker 1: who are we actually appeasing? There is that you thinking
Speaker 1: you're going to be uncomfortable, and then if you contrast
Speaker 1: it to a jes email, which you know, they're not rude,
Speaker 1: like by any stretch of the imagination, you are always
Speaker 1: kind to you always like, hey, Victoria, hope you've been well,
Speaker 1: here's the thing I need from you. Let me know
Speaker 1: when I can have it. And I just feel like
Speaker 1: that's so direct, so clear. And we obviously deal with
Speaker 1: a lot of different stakeholders in the work that we do,
Speaker 1: whether it is clients or you know, talking to our
Speaker 1: radio station or talking to book publishers or any other
Speaker 1: people that we're working with. Sometimes you just don't need
Speaker 1: the back and forth. You just need to be like, yep,
Speaker 1: no problem, here's the time, here's the date, here's what's
Speaker 1: going to happen, or vice versa. You're a bit confused
Speaker 1: about a lack of clarity because maybe you weren't so
Speaker 1: clear like, oh yeah, what about like three pm? No, no, no,
Speaker 1: like it's three pm. Like we are very clear about
Speaker 1: setting expectations so that we always have clarity, and I
Speaker 1: think that the way you write emails just really helps that.
Speaker 1: And it's you know, it's empowering to just be like, no,
Speaker 1: I just say what I meant.
Speaker 3: You shouldn't feel bad, Like, don't feel bad about saying
Speaker 3: or asking for what you want or need or mean
Speaker 3: like it is such a female thing. I think to
Speaker 3: really put it back on you to handle somebody else's
Speaker 3: emotions and it's not your job.
Speaker 1: Yeah, stretching that out though, we're obviously going to remove
Speaker 1: this week from our emails as a community, the word just.
Speaker 1: We're going to delete the word that because that is
Speaker 1: a word that literally doesn't need to be there. Yeah,
Speaker 1: because it's a filler. No sentence needs the word that,
Speaker 1: So remove that and also exclamation marks from the end
Speaker 1: of your sentences. No one needs to have a really
Speaker 1: good day like they just don't.
Speaker 3: No, you know what, I'm very blunt, but you can
Speaker 3: pry my exclamation marks from my cold dead fingers.
Speaker 1: Okay, sorry, sorry, let's move on, George. Before we move
Speaker 1: on to money wins, this week, Jess has had a
Speaker 1: bit of a money speaking about being asserted, being direct.
Speaker 1: How about you ask Jess how her weekend was and
Speaker 1: maybe what she got up to on Sunday this weekend,
Speaker 1: j Rick talked to me.
Speaker 3: We went to a wedding my partner and I and
Speaker 3: we caught an uber. There was a bit of a
Speaker 3: gap between the ceremony and the reception, so caught an
Speaker 3: uber home, got upstairs to the hotel. Probably two minutes
Speaker 3: between leaving the uber getting upstairs, my partner goes, forgot
Speaker 3: my phone, left it in the backseat. Oh my gosh.
Speaker 1: No.
Speaker 3: Call the uber man, say hi, I'm so sorry my
Speaker 3: partner's phones in the back of your car. He goes, yep,
Speaker 3: I've got it, but I've got a passenger. I'm like,
Speaker 3: you left me two minutes ago. How And he's like,
Speaker 3: I'm really sorry. I'm on the way to the airport.
Speaker 3: And I was like, no problems, totally get that. Okay,
Speaker 3: you're going somewhere. That's so fine. Can you come back
Speaker 3: to drop it off later? Obviously, like there's this thing
Speaker 3: through Uber you reimburse them for their trips, so it's
Speaker 3: not like he's out money, Like I will pay you
Speaker 3: to bring it back. It's my fault, my boyfriend's fault.
Speaker 3: Here's yep, no problems. Is this the best number? I'm like, yep, great,
Speaker 3: call you later. Wonderful. Everything's dreamy phone coming back. No, no, no, no.
Speaker 3: So it's seven o'clock. We head to the reception. It's
Speaker 3: been four hours at this point, haven't heard from him.
Speaker 3: Starting to stress. Send him a text and say, Hey,
Speaker 3: just letting you know. We're heading back out. We're going
Speaker 3: to be at a different location. Just give me a
Speaker 3: buzz before you come down. I'll let you know where
Speaker 3: we are. Silence. We're at the reception. Reception goes late.
Speaker 3: Of course, it's a party, we're celebrating. My phone dies,
Speaker 3: and I start stressing. I'm convinced he's going to call
Speaker 3: me and I'm going to miss it and I'm never
Speaker 3: going to see this phone again. So we leave, go home,
Speaker 3: charge it. Crickets still, it's like midnight at this point.
Speaker 3: At this point, I realize that I have my boyfriend
Speaker 3: and fine my friends for like safety and you know,
Speaker 3: occasionally stalking purposes. Sure, and so I look up his phone. Great,
Speaker 3: the phone, George.
Speaker 1: Yeah, you know, it's actually detrimental because I'm the type
Speaker 1: of person that, yeah, Jess just left.
Speaker 3: She calls me.
Speaker 1: She's like not absolutely, like story, sorry.
Speaker 3: So I can see the phone. I'm like, okay, great,
Speaker 3: Well at least I know where he is. And I
Speaker 3: kind of monitor it for a few hours, he stays
Speaker 3: in the same spot. I go, okay, I'm going to
Speaker 3: assume that's his house. Just kind of tuck that information
Speaker 3: away for later.
Speaker 1: What are you going to do with some dude's home addressed?
Speaker 3: She's on the money wreck anyway. So next day, still
Speaker 3: haven't heard anything. Call him again. He's ignoring my calls.
Speaker 3: Call James's phone, ignore you too. I called my partner's
Speaker 3: phone like sixteen times, like I thigive, you know, if
Speaker 3: maybe he's driving in his car and he hadn't seen it.
Speaker 1: I'm so obsessed with me.
Speaker 3: He must think I was a psycho. Well he by
Speaker 3: the end of the story, he definitely did, because you
Speaker 3: definitely are. The whole rest of the day goes on.
Speaker 3: I get in touch with Uber, I say, hey, I
Speaker 3: spoke to my driver. He confirmed he had it. Haven't
Speaker 3: gotten in touch with him since. They tried to get
Speaker 3: in touch with him and emailed me back and said,
Speaker 3: we're really sorry. We couldn't get a hold of him either.
Speaker 1: Weird. I was like, okay, no problems, but he definitely
Speaker 1: has it because he told me he has it.
Speaker 3: Correct. Also, I've been stalking him. He definitely has it. Yeah,
Speaker 3: kind of freaking out at this point. So it gets
Speaker 3: to three o'clock the next day. He's had the phone
Speaker 3: for over twenty four hours. He's not picking up any
Speaker 3: of my ten million phone calls that I have left him,
Speaker 3: and we're kind of at a point where we're like,
Speaker 3: what do we do?
Speaker 1: What would Victoria do? Go to police? Victoria would go
Speaker 1: to the police and submit a police report. What did
Speaker 1: just do?
Speaker 5: Though?
Speaker 1: Is the real question here.
Speaker 3: We decided to jump in the car and dry it
Speaker 3: with the house. So we get on the freeway all active.
Speaker 1: I love it. I was so dangerous. We are not
Speaker 1: endorsing this story by any stretch of the imagination. You
Speaker 1: can't just turn up to a random man's house.
Speaker 3: I felt really bad about it, like a little bit invasive,
Speaker 3: and I didn't want to be a good person, but
Speaker 3: I had tried every other avenue. Anyway, We're driving to
Speaker 3: his house and then it moved, and I'm like, oh, no,
Speaker 3: is this about to be like the amazing Race two
Speaker 3: point zero where we're just chasing this man all over Melbourne?
Speaker 3: Spoiler it was, so we see him stop at a
Speaker 3: subway on the top of had I mean, I see
Speaker 3: him stop on find my friends.
Speaker 1: And it's not fine my friends anymore. It's fine my
Speaker 1: old uber driver.
Speaker 3: So I say to my boyfriend do we just give
Speaker 3: it a crack? And he's like, well, we didn't come
Speaker 3: this far and not try. So we drive to this subway.
Speaker 3: The subway is on the corner. We're at an intersection
Speaker 3: and my partner goes, I'm pretty sure I see the
Speaker 3: car and I'm blind, I'm not wearing the boss. I'm like, well,
Speaker 3: that sounds great, and he's like, I'm pretty sure someone
Speaker 3: just got into me.
Speaker 1: I would have been screeching too, I know you.
Speaker 3: It wasn't. Oh well, that's just great.
Speaker 2: It was like.
Speaker 3: So we scoot into the parking lot. The guy is
Speaker 3: getting ready to like leave, and I say to my partner,
Speaker 3: park behind and block him in.
Speaker 1: Oh my god, So what does she do? Parks behind himself.
Speaker 3: I eat out the car door, run around and I
Speaker 3: get his window and he's looking at me like what
Speaker 3: is going on? And I didn't want to tap on
Speaker 3: the window because that just felt like too much.
Speaker 1: Because driving across the city to go to a random
Speaker 1: man's location is not too much, Oh my gosh, too much.
Speaker 1: Don't tap on his window. Og I would roll the
Speaker 1: line line. He rolls down the window. I go, Hi,
Speaker 1: excuse me, I'm so sorry, you have my phone? And
Speaker 1: he's like, what, Like, no, I don't. He looked so confused.
Speaker 1: He knew so sorry.
Speaker 3: I was in your yesterday. You called. You told me
Speaker 3: you have my phone, and he's like, ah, Jessica. I'm
Speaker 3: like yes, and he gave me this look like he
Speaker 3: just didn't know what to say, and so I just
Speaker 3: kind of preemptively cut the conversation. I was like, I
Speaker 3: am tracking this phone. I know that that's how we
Speaker 3: found you. Can I have it please? And he just
Speaker 3: kind of gives me this kind of sheepish look and
Speaker 3: pulls it out of his glove box and hands it
Speaker 3: and I go.
Speaker 1: Thank you so much.
Speaker 3: Run. I'm like, babe, dry screech out of there.
Speaker 1: Story I've ever heard anybody would like a lesson in audacity,
Speaker 1: just call Jessica.
Speaker 3: I regret nothing, but I absolutely wouldn't endorse it.
Speaker 1: In the future. I can recommend the police. They are
Speaker 1: they a.
Speaker 3: Great job, they do a great.
Speaker 1: Job at great community service, and they actually have this
Speaker 1: thing called a police report that you could smit, so
Speaker 1: you don't need to track someone to their house. In
Speaker 1: saying that, George, the thing I was surprised about was
Speaker 1: if you pick up an iPhone in twenty twenty two,
Speaker 1: that is going to be tracked absolutely, do you know
Speaker 1: what I mean? Like, how did you think you were
Speaker 1: going to get away? If that was his intention? Maybe
Speaker 1: he made me he busy, who knows, But if his
Speaker 1: intention was to keep the phone, why isn't it Dolph?
Speaker 3: Yeah, I don't know. The whole situation was really weird,
Speaker 3: and I feel like I should add an important detail here,
Speaker 3: which is my partner, who I think I've said before,
Speaker 3: is at UNI. His on placement. He moved that day,
Speaker 3: like because his placement was two hours away from where
Speaker 3: we lives. He literally was moving house that night. It
Speaker 3: was kind of like, I now will never situation to
Speaker 3: get this phone back. Otherwise he was like, I'm gonna
Speaker 3: have to go buy a new phone, and that's like
Speaker 3: a grand n yes, so much so it was like
Speaker 3: an added level of pressure.
Speaker 1: Yeah.
Speaker 3: I was just like, I don't want you to have
Speaker 3: to buy a.
Speaker 1: New phone, and I also don't want to not be
Speaker 1: in contact with my partner when he's moving away for placements.
Speaker 3: Like okay, right, Yeah, So Yeah, I got real hectic
Speaker 3: and just went fully rogue. Please don't do that, be safe.
Speaker 3: But all got a money win, money win.
Speaker 1: I did have to buy any h stove away from
Speaker 1: your creepy crazy story, Georgia King, what are the money
Speaker 1: wins from the shees on the money community?
Speaker 3: This way we got a couple.
Speaker 4: Jess is obviously my favorite for the wee, but I'll
Speaker 4: kick us off with Amelia. So money win. Last night,
Speaker 4: I was doing some online browsing as I've wanted to
Speaker 4: treat myself to a few new pieces of clothing, something
Speaker 4: that I rarely do. Just before I checked out my carts,
Speaker 4: I decided to follow the rule of putting twenty four
Speaker 4: hours between myself and my purchases. And boy did it
Speaker 4: pay off.
Speaker 1: Yes, Cleaen.
Speaker 4: This morning I woke up having won a two hundred
Speaker 4: and fifty dollars voucher to Universal Store.
Speaker 1: Okay, that's not normal. You don't usually wake up your
Speaker 1: two hundred and fifty dollars in your account, guys, she said.
Speaker 4: Turns out all those little competitions you enter actually payoff.
Speaker 4: Sometimes in combination with a Uni Days discount code, I
Speaker 4: got two hundred and seventy five dollars worth of new
Speaker 4: clothing for free in money were not bad.
Speaker 1: I've got a cousin that is an absolute super slow
Speaker 1: thirt a competition like she is absolutely everything. She's won TVs.
Speaker 1: She just won trips to Hawaii, She's won multiple different
Speaker 1: flights like it's crazy. She's so good at it.
Speaker 4: Sie, I would just never do it. You've got to
Speaker 4: be in it as a mystic. Well, that's not in it,
Speaker 4: and that is the attitude. Well done, Amelia. The next
Speaker 4: week comes from Steph. After getting a personal loan at seventeen,
Speaker 4: I can finally say at thirty two that I have
Speaker 4: paid it.
Speaker 1: Oh, oh my gosh, I get it. I love that.
Speaker 4: The next one comes from Ellira. For the first time
Speaker 4: in my twenty nine years, I've saved five hundred dollars
Speaker 4: in a month with three kids, overwhelming living expenses and
Speaker 4: the ex e thensive petrol guzzling trips to UNI for
Speaker 4: a degree that is a sixty three kilometer drive from
Speaker 4: home and then sing me three cakes back as well
Speaker 4: a lot of kilometers twice a week, alongside full time.
Speaker 1: Work and three bambinis.
Speaker 3: Exactly.
Speaker 1: Oh my god, how did you even do that?
Speaker 3: I know? She said, She's pretty proud of herself.
Speaker 4: Her goal is to get to a five hundred dollars
Speaker 4: a month minimum to go on their first holiday at
Speaker 4: Christmas time. Oh my, well done, Eleira. The next weing
Speaker 4: comes from Emily. It's my birthday tomorrow.
Speaker 1: Happy Birthday, Emily.
Speaker 4: And today I got an email from boost Juice saying
Speaker 4: that I get a free smoothie.
Speaker 1: Oh my god, I sign up to that day three
Speaker 1: D the birthday freebies. There was a TikToker that went
Speaker 1: around the city. I followed her. She went around the
Speaker 1: Melbourne CBD just having a day of free stuff, Like
Speaker 1: she got free Goozminey Gomez, she got free boost Juice,
Speaker 1: like I think there was like a cupcake shop that
Speaker 1: gave her a free cupcakes.
Speaker 4: She's like free food day and I'm like, Hi, incredible
Speaker 4: here for this, what a point we love. The next
Speaker 4: moon comes from Jemimah. I just bought my wedding dress
Speaker 4: off marketplace. It's in gore just condition, and it's already
Speaker 4: been altered to be exactly my side. When the dress
Speaker 4: looks brand new, and I've saved myself thousands.
Speaker 1: Literally, and alterations are so expensive. Coming from a current bride,
Speaker 1: that's really Oh my lord, they wedding dresses. Yeah yeah, okay,
Speaker 1: of course insanely expensive. Like I nearly spat my tea
Speaker 1: out when I read the quote. Yeah, well, well done
Speaker 1: to you, Jemima. The next win comes from Hannah. I
Speaker 1: was in Coal's shopping today and I found some Veggie
Speaker 1: Geoza family packs. Normally they retail at eighteen dollars fifty each.
Speaker 1: They were on clearance for two dollars thirty moarths.
Speaker 3: I took all three were left. No shame.
Speaker 4: Now I have meals to last meet more than a
Speaker 4: week if it just under seven dollars.
Speaker 1: Yes, giosa are so unnecessarily expensive at the supermarket, Like
Speaker 1: I know exactly the one she's talking about, because the
Speaker 1: big white packet veggie Guosa eighteen dollars.
Speaker 3: I know it.
Speaker 1: I know it well.
Speaker 4: Sometimes thirty one there.
Speaker 1: That's a money win of a lifetime. Sometimes they have
Speaker 1: fifty percent off. They'll buy me two packets of giyosa
Speaker 1: too for the press of one baby. That takes me
Speaker 1: to our last money slush life win of the day.
Speaker 1: Imagen bought her first shares money loss. They immediately tanked,
Speaker 1: she said, Luckily for the long term. Well, no one
Speaker 1: followed a man in an uber home, so I mean
Speaker 1: they're great money exactly us. So good. All right, let's
Speaker 1: go to a quick break and when we get back,
Speaker 1: we are going to be talking about setting expectations with
Speaker 1: your workplace. And just wants to talk about the interest rates?
Speaker 3: Alrighty, I want to talk interest rates because we pre
Speaker 3: recorded a little early last week because of scheduling, which
Speaker 3: not great for us because then the RBA rates got announced.
Speaker 3: We han't chatted about.
Speaker 1: It that we are pre recorded our episode last week.
Speaker 1: Spoiler alert, you'll don't record it at five am on
Speaker 1: a Friday morning. What do you mean?
Speaker 3: I know? Crazy?
Speaker 1: Can you tell me we've.
Speaker 3: Got you think?
Speaker 1: I just snorted?
Speaker 3: So for those who don't know, I'm pretty sure you
Speaker 3: would have seen at this point. But the RBA or
Speaker 3: the Reserve Bank for Australia increased the official cash rate
Speaker 3: from zero point one to zero point three five percent,
Speaker 3: which was the first increase since twenty ten, which had
Speaker 3: a lot of people in a bit of a tailspin.
Speaker 3: People going, oh my god, this is crazy, this is ridiculous.
Speaker 3: How is this going to impact me? The ultimate idea
Speaker 3: of it and correct me if I'm wrong, V. It's
Speaker 3: aimed at reducing inflation, right, yes, sir, And essentially that
Speaker 3: is because commercial banks will be paying this higher rate
Speaker 3: of interest on the money that they borrow on their
Speaker 3: short term loans, and then they then pass that increase
Speaker 3: expense onto us, the consumers. So that will mean that
Speaker 3: if you have a loan with a bank, or if
Speaker 3: you have a credit card or any line of credit,
Speaker 3: more likely than not you're going to be paying more.
Speaker 3: And so if you're paying more, there people are more
Speaker 3: likely to be saving in their savings accounts, which hopefully
Speaker 3: we'll see a little bit of an increase as well.
Speaker 3: Not required, but we can hope we lay in hope
Speaker 3: we do for people in this office, and that reduces spending,
Speaker 3: which reduces demand, which consequently reduces inflation. It's a whole big, long,
Speaker 3: slow on effect. My economics teacher in your ten would
Speaker 3: be very proud of me right now. But V, we
Speaker 3: put up a post on Instagram summarizing this. If you're
Speaker 3: a visual learner, I would highly recommend going and having
Speaker 3: a look at that. And we got some really bias
Speaker 3: you did make that, indeed I did. I would really
Speaker 3: appreciate any and all compliments and feedback, but please tell
Speaker 3: me that was a pretty post. We got some really
Speaker 3: good questions, so I thought we could just chat about it,
Speaker 3: talk about the outcome. I know as well, you personally,
Speaker 3: V have a perspective on this that is a little
Speaker 3: bit different from what we've been seeing pumped down in
Speaker 3: the media.
Speaker 1: So I aways feel like I'm just going rogue. I'm like,
Speaker 1: I don't care, and everyone's like, you have to care,
Speaker 1: and I'm like, it's not as important as you seem
Speaker 1: to think it is. And it is totally important. I
Speaker 1: get it, but I feel like the media jumps up
Speaker 1: and down and makes things sound terrifying when in reality
Speaker 1: they're not. And we'll get to that, But why don't
Speaker 1: we ask some questions so that I don't go on
Speaker 1: and Victoria Devine rant, My favorite part about this ge
Speaker 1: is she hasn't prepped me on these questions, so these rogans,
Speaker 1: it's really nice from Jess this week. Thank you for
Speaker 1: the preparation.
Speaker 3: I'm so welcome. So a lot of people are saying
Speaker 3: that they just don't understand how making loans and other
Speaker 3: things more expensive is going to reduce inflation. They say
Speaker 3: it seems a little bit counterintuitive to be like, hey,
Speaker 3: everything costs more, let's add on the cost of your
Speaker 3: loans to that as well.
Speaker 1: Yeah, so the economic consequences of that, like that's purposeful. Essentially,
Speaker 1: what they want to do is increase interest rates, because
Speaker 1: increased interest rates lead to a downturn in economic activity.
Speaker 1: So you're going to borrow less money, you're going to
Speaker 1: be transacting a little bit less, you're probably going to
Speaker 1: save a bit more, create a bit more economic stability.
Speaker 1: And that's the point. That's why they're increasing the rates.
Speaker 1: That's the point. Right, The higher the interest rate, the
Speaker 1: less likely you are to go and get a mortgage, Right, Jess,
Speaker 1: this is helping with inflation because the costs of goods
Speaker 1: and services won't increase when the interest rate is so high.
Speaker 1: So I've done this on purpose. But the whip side
Speaker 1: of that is it could actually end up impacting unemployment
Speaker 1: and wage growth as well. So it's kind of a
Speaker 1: like two sided coin where you're like, Yep, this is good.
Speaker 1: We need to slow down inflation because up until March
Speaker 1: this year, for the last quarter, we've actually had the
Speaker 1: biggest increase in inflation. And I think they're freaking out
Speaker 1: a bit and just going far out. We can't keep
Speaker 1: that up. It's actually in our best interest to increase
Speaker 1: the interest rate because it means that bread and milk
Speaker 1: and all of these consumables are not going to increase
Speaker 1: as dramatically and as rapidly as it could if we
Speaker 1: didn't have some kind of cap to put on it.
Speaker 1: So they're kind of trying to put on a lid
Speaker 1: on it in a way.
Speaker 4: So does that mean be that the price of groceries
Speaker 4: and petrol and stuff, will that actually decrease?
Speaker 1: My friend keep dreaming. That is absolutely not how it works. No,
Speaker 1: it doesn't make it go backwards. I'm really sorry. But
Speaker 1: what it will mean is that it all stays stagnant.
Speaker 1: And we want stagnant when it comes to inflation. We
Speaker 1: just want things to sit pretty and not increase. I've
Speaker 1: seen a lot across Instagram about what inflation means for hospitality,
Speaker 1: and at the moment it just feels a little bit
Speaker 1: scary because it's small things that really add up. Like
Speaker 1: they're saying a five dollar latte in the Melbourne CBD
Speaker 1: is going to end up being five dollars fifty and
Speaker 1: I know for a lot of people, you're going to go, Victoria,
Speaker 1: five dollars for a latte is already ridiculous, but it's
Speaker 1: that fifty cent growth that's happened over three months that
Speaker 1: you go, well, if that happened over a year, that's
Speaker 1: actually two dollars, and that's actually a lot of money.
Speaker 1: Imagine if this time next year, if we didn't cap inflation,
Speaker 1: we'd actually be paying seven dollars for a latte. So, like,
Speaker 1: I think we need to see what we're trying to
Speaker 1: stop and not go, oh, my gosh, they're trying to
Speaker 1: increase interest rates in the property market's already so hard
Speaker 1: to get into it. It's like, no, we're actually trying
Speaker 1: to make it so that you can afford your life
Speaker 1: still and you can still afford to put food on
Speaker 1: the table. Yes, the property market will be impacted, but
Speaker 1: not as significantly as you seem to think it is,
Speaker 1: or as the media seems to think it's going to
Speaker 1: be impacted.
Speaker 3: On that note, the other thing that I'm seeing a
Speaker 3: lot of people talking about is their mortgages and people
Speaker 3: being really concerned about the impact of this increase and
Speaker 3: the rates is going to have on their repayments. What's
Speaker 3: that going to look like?
Speaker 1: It's not as bad as you think it is. It's
Speaker 1: still obviously something that we need to budget for. So
Speaker 1: on a five hundred thousand dollars loan each and every
Speaker 1: single month, you're looking at a difference of about sixty
Speaker 1: five dollars, So it's a lot. But at the same time,
Speaker 1: it's not like your mortgage repayments have tripled. So a
Speaker 1: current mortgage repayment on half a million dollars is going
Speaker 1: to look like nineteen hundred and sixty seven dollars, and
Speaker 1: the new mortgage repayment will look like two thousand and
Speaker 1: forty one dollars, which is not massive. But when you
Speaker 1: start to look at what mortgages around Melbourne actually look like,
Speaker 1: the average property price in Melbourne and in Sydney is
Speaker 1: more than a million dollars, right, terrifying? Terrifying. Can you
Speaker 1: imagine telling your parents that twenty years ago, like when
Speaker 1: your kids want to buy property, it's going to be
Speaker 1: more than a million dollars. They wouldn't have believed you, No,
Speaker 1: I don't think they would. They would have all started
Speaker 1: investing more in property. Yeah, but a million dollar mortgage
Speaker 1: is looking at about an increase of one hundred and
Speaker 1: thirty one dollars monthly, so as much is that sounds
Speaker 1: really scary? And yes, that's absolutely going to be in
Speaker 1: some way, shape or form passed along to us. I
Speaker 1: think the important thing here is not jumping up and
Speaker 1: down about your mortgage rate increasing. It's actually about going,
Speaker 1: gin know what am I putting myself in the best
Speaker 1: possible position right now? Have I spoken to a mortgage
Speaker 1: broker recently and actually said is this the best rate
Speaker 1: and structure for me? Because so many people that have
Speaker 1: DMed me over the last week to talk about interest rates,
Speaker 1: have you know, asked about their mortgage and they've been like,
Speaker 1: they are my interest rates going to increase? This is ridiculous,
Speaker 1: they can't afford that. And I just go, okay, like
Speaker 1: I totally get that quick, perfect question. What are you
Speaker 1: paying right now? And they're like, oh, my mortgage is
Speaker 1: at like three and a half percent. I'm like, nosis, like,
Speaker 1: when was the last time you revisited that? And they're like, oh,
Speaker 1: like four or five years ago. And I'll be like,
Speaker 1: at the moment interest rates are sitting at about two
Speaker 1: and a half, reasonably, go and get that refinanced, and
Speaker 1: you're actually going to be even better off. So I
Speaker 1: think this, from my perspective, is a bit of a
Speaker 1: kick in the bottom to make sure that one you're
Speaker 1: not over subscribe to, you know, streaming services and having
Speaker 1: a look at your budget and seeing what you can
Speaker 1: cut out of there, and having a look at refinancing
Speaker 1: your mortgage if it's time to do that. I think
Speaker 1: that we can be far more proactive than we are.
Speaker 1: Please don't get me wrong. It is a lot to ask,
Speaker 1: you know, if you had half a million dollars left, Hey, Jess,
Speaker 1: can you find another sixty five bucks a month? Like
Speaker 1: that is hard, But I think that there's a lot
Speaker 1: of things that we can do ourselves to put ourselves
Speaker 1: in the best possible financial position.
Speaker 3: And those numbers we're sharing are based on an initial
Speaker 3: rate of two point five and an updated brave two
Speaker 3: point seventy five. Obviously, it's going to very depending on
Speaker 3: where you start where you finish. We do have a
Speaker 3: handy dandy again, a great little piece of content on
Speaker 3: the Instagram, that little cheeky picture some clever gal that
Speaker 3: that gives you a really good overview if you're a
Speaker 3: visually it myself.
Speaker 1: Yeah.
Speaker 4: So on the flip side of this fee I think
Speaker 4: I've heard that maybe this could be good for potential
Speaker 4: first home buyers because maybe people that can't afford their
Speaker 4: mortgages will fold and then there's an opportunity for first
Speaker 4: time buyers to enter the market.
Speaker 3: Is that true or is that.
Speaker 1: That's absolutely true? It could happen, Like, if you think
Speaker 1: about it, there are a lot of people around Australia
Speaker 1: who are struggling to pay their mortgages and this is
Speaker 1: going to add a really unnecessary level of pressure that
Speaker 1: they have to deal with. So it might mean that
Speaker 1: people do choose to sell their properties because they're like,
Speaker 1: do you know what? Unaffordable? Can't do it anymore? And
Speaker 1: there are going to be people in that position. Does
Speaker 1: that mean that there's going to be an influx of
Speaker 1: properties that are suitable for first home buyers. Maybe? And
Speaker 1: the reason I say maybe is because more often than not,
Speaker 1: more expensive your property, the less likely you are to
Speaker 1: struggle financially to pay that mortgage. If you've got a
Speaker 1: two and a half million dollar property, g very likely
Speaker 1: you've got the cash flow to support that. And like
Speaker 1: you know, one hundred and thirty one or two hundred
Speaker 1: and sixty two dollars a month, or your two million
Speaker 1: dollar mortgage, it's probably not that much of a stretch.
Speaker 1: But when you have a three hundred thousand dollar mortgage
Speaker 1: and you know you're up to your eyeballs in personal
Speaker 1: debt and you've been trying to pay all of that off,
Speaker 1: it is a massive stretch. So yes, it could free
Speaker 1: up some property. But does that mean the property prices
Speaker 1: are going to decrease? Maybe? Maybe not, because property prices
Speaker 1: are driven by demand, so there are already so many
Speaker 1: first home buyers. We're sitting at a table with one,
Speaker 1: Miss Jessic Gricci is desperately trying to find a property.
Speaker 1: Do those first home buyers demands go away? Absolutely not.
Speaker 1: So I don't know if it will mean that there
Speaker 1: is going to be a reduction in price on the properties,
Speaker 1: but rather an increased in saturation and an increase in
Speaker 1: being able to access them. But I don't know how
Speaker 1: much that will impact how much you end up paying
Speaker 1: for that property.
Speaker 4: Does that make sense, Yeah, it'd be interesting to see
Speaker 4: what happens.
Speaker 3: There's been talk that this increase is the first of
Speaker 3: more to come. Do you think it's likely that we're
Speaker 3: going to see more over the next year and If so,
Speaker 3: is there anything we need to be doing to prepare.
Speaker 1: Look, I think always having a tight budget and cash
Speaker 1: flow and being really aware of what's coming into your
Speaker 1: bank account, what's going out if your bank account is
Speaker 1: always going to be the basis of what I practice
Speaker 1: and what I preach and what I jump up and
Speaker 1: down about. Yes, it is very very likely that our
Speaker 1: rates are going to increase again. Is it fair? Yes?
Speaker 1: Is it going to increase soon potentially? Do we have
Speaker 1: any idea of what that looks like. No. The RBA
Speaker 1: are going to be meeting again on the seventh of June,
Speaker 1: which means that's when we'll get a little bit more
Speaker 1: clarity on what that looks like. But the thing I
Speaker 1: want to share here is actually what inflation looks like
Speaker 1: around the world because Australia at the moment we kind
Speaker 1: of live in a little bubble right, Like, our media
Speaker 1: isn't as broad as it is internationally. We always see
Speaker 1: Australian media outlets they're obviously going to get a b
Speaker 1: in their bonnet about what it means to increase inflation,
Speaker 1: and we're like, this is horrendous. It's the worst in
Speaker 1: the last three months that it's been in the last
Speaker 1: twenty years, and you just go, great, what does that
Speaker 1: actually mean? So let's contextualize this a little bit. In Iran,
Speaker 1: their inflation rate is sitting at twenty nine point nine percent,
Speaker 1: a lot, Turkey sixteen point three percent, Nigeria twelve point one.
Speaker 1: Then we go down and down and down, and Australia
Speaker 1: doesn't even make the top five. So I think to
Speaker 1: contextualize this a little bit. Yeah, it does suck. Yes
Speaker 1: it is going to impact us, but we've been living
Speaker 1: in a world where our government during COVID has really
Speaker 1: tried to cushion our fall from this to make sure
Speaker 1: that we're not feeling inflation as much because we obviously
Speaker 1: have a bit tighter purse strings during COVID and everyone's
Speaker 1: financially impacted. And now they actually need to start letting
Speaker 1: out that inflation so that we can go back to
Speaker 1: what is going to be COVID normal, right, So they
Speaker 1: do need to increase it slightly, But I think the
Speaker 1: important thing here is context and it's going Look it
Speaker 1: is increasing. Does it suck, absolutely, but look at Iran,
Speaker 1: like look at what's going on around the world. Inflation
Speaker 1: is very normal. It does not mean that our government
Speaker 1: is doing the wrong thing. It's actually an outcome of
Speaker 1: a healthy economy and this is a good thing. So
Speaker 1: during the midst of you know, we have had announced
Speaker 1: this week. Earlier on Monday, I got an email I
Speaker 1: don't know if you guys got it that said the
Speaker 1: early voting's open. And obviously right now our media is
Speaker 1: completely saturated with political paraphernalia. Let's call it that. It's
Speaker 1: not propaganda, but like they do sledge each other a
Speaker 1: fair bit. Jess, you and I we were having a
Speaker 1: conversation earlier. It's insane to me that they can just
Speaker 1: be so mean. It's to be childish, isn't it. Yeah, Jess,
Speaker 1: you were talking about the YouTube ad.
Speaker 3: Yeah, there's a YouTube George, I don't know if you're saying.
Speaker 3: There's a YouTube ad that's running at the moment. And
Speaker 3: I am not going to name names because I just
Speaker 3: don't want people to think we're fulling one side or
Speaker 3: the other.
Speaker 1: No, we have no opinion here. We have a platform.
Speaker 1: It is not our place to tell you what decision
Speaker 1: to make.
Speaker 3: Correct but it was obviously an ad put out by
Speaker 3: one of the major political parties, and it was do
Speaker 3: you ever watch the TV show at Angela Anaconda where
Speaker 3: it was like that weird black and white paper I
Speaker 3: don't know what type of media you would call up.
Speaker 3: It was done in the same style and it had
Speaker 3: the premiere of a state and one of the political
Speaker 3: campaigners depicted as a Marionette doll, and it was just
Speaker 3: so DYSTOPI and I was like, why are we having
Speaker 3: these people build their platforms sledging other people than just
Speaker 3: sharing what they stand for? Deperate because somebody would have
Speaker 3: spent so much money to produce and run that ad,
Speaker 3: and I go.
Speaker 1: I know you, just like you paid for this.
Speaker 3: I found it a little bit gross. And I feel like,
Speaker 3: you know, a lot of people are focusing on the
Speaker 3: wrong things instead of say what they do stand for.
Speaker 3: They're just trying to make other people look bad and
Speaker 3: it just goes.
Speaker 1: For them and they are naughty, naughty, naughty, Like I
Speaker 1: feel like that is so true. But I'm bringing that
Speaker 1: up because I want to just preface that this is
Speaker 1: going on alongside an election, which means that people are
Speaker 1: automatically going to one make a bigger deal out of it,
Speaker 1: but two make it look like the other party's fault. Yeah,
Speaker 1: but at the end of the day. This is just
Speaker 1: economics and this is how it works. And yes they
Speaker 1: are going to try and drag it in and talk
Speaker 1: about it and make it look like they're going to
Speaker 1: do so many things and stop this and stop that,
Speaker 1: and they're going to put you, Georgia King in a
Speaker 1: much better position when in reality, like they don't have
Speaker 1: a lot of control over that. So I think being
Speaker 1: really cautious of what people saying at the moment is
Speaker 1: really important. And a few people have slid into my
Speaker 1: DMS being like Vie, who are you voting for? Like
Speaker 1: I think that you'll know who to vote for, and
Speaker 1: I'm like, nope, I'm not sharing that. That is not
Speaker 1: my place. I actually promote you guys living by your
Speaker 1: own values. And there is a website it is votecompass
Speaker 1: dot ABC, dot net dot au, which is a fantastic
Speaker 1: website that you can go to and you can find
Speaker 1: out how your personal views compared to Australian political parties
Speaker 1: so that you can make the right decision for you.
Speaker 1: And I would absolutely recommend going to that. That's obviously
Speaker 1: not sponsored, not indoors, they haven't asked us to do that.
Speaker 1: I just really want you guys, to be voting with
Speaker 1: your genuine values, not what you're seeing on social media
Speaker 1: or not what you're seeing, you know, a YouTube commercial
Speaker 1: slander someone with So I think it's really important to
Speaker 1: know our own values and that vote Compass website is
Speaker 1: actually really good for that. But let's move on friends.
Speaker 4: Alrighty guys, I think it's time for money question of
Speaker 4: money dilemma?
Speaker 1: Who's with me? Lie song? You know, like Drake, I
Speaker 1: want that hot Lablie.
Speaker 4: We'll go on the street as it's brewing in the background.
Speaker 4: I've heard that worked on I'm pretty sure on the streets.
Speaker 4: So we won't have that.
Speaker 1: We will have the poor royalty free version. Hi.
Speaker 4: There, have you got up money dilemma you just can't solve?
Speaker 4: The Sheese on the Money team is here to help.
Speaker 4: Every week, we tackle your dilemmas, both big and small,
Speaker 4: to answer your most burning money, career and life questions.
Speaker 4: To get involved, simply head to our website and leave
Speaker 4: us a quick voice recording and you may just find
Speaker 4: yourself on the show. Now, let's take a listen to
Speaker 4: today's money dilemma.
Speaker 5: Hey, chicks, I'm just wondering, what is your advice or
Speaker 5: commentary on workplaces that normalize things like not taking your
Speaker 5: full lunch break or not taking one at all, or
Speaker 5: places that expect you to stay back late, way beyond
Speaker 5: your contract hours regularly, or even expect you to do
Speaker 5: overtime for free. I find myself in these places far
Speaker 5: too often and never want to get the boss off side,
Speaker 5: But also these things are unreasonable, and want to advocate
Speaker 5: for myself.
Speaker 1: This one's spicy. You guys are employed, I feel like
Speaker 1: I have a lot of audacity and I would say
Speaker 1: a lot of colorful things to an employer who expected
Speaker 1: that of me. But before we get there, I don't
Speaker 1: know our money diarrest from a bar of soaps. She's
Speaker 1: obviously a fabulous member of the she's on the money community. However,
Speaker 1: I do think before we start this conversation, we need
Speaker 1: to outline the fact that if we're going to talk
Speaker 1: about this, we are talking about unreasonable. I don't know.
Speaker 1: I feel like if you're in a nine to five
Speaker 1: Monday and a Friday job, like there is a thing
Speaker 1: called reasonable overtime, where you know, if you've just got
Speaker 1: a really busy workplate, you do have to do a
Speaker 1: few extra hours of work one week and you're not
Speaker 1: going to find yourself in a position where you're getting
Speaker 1: paid over time. I feel like there's this ebb and
Speaker 1: flow nowadays where gen z or what are they called
Speaker 1: the TikTok community. I feel like a boomer right now,
Speaker 1: but you know, like the younger, the young's these days
Speaker 1: seem to think that any time of overtime is ridiculous,
Speaker 1: and any minute of my lunch break that has been
Speaker 1: you know, eaten into is absolutely ridiculous. And I totally
Speaker 1: agree that boundaries need to be set in a workplace,
Speaker 1: but I think we're talking this is beyond reasonable overtime,
Speaker 1: and it's beyond you know, maybe one time missing your
Speaker 1: lunch break. We're talking about consistency here and boundaries being overstepped,
Speaker 1: and maybe you're feeling really uncomfortable about it. Is that
Speaker 1: a fair thing to disclaim it with?
Speaker 3: Yeah? I mean that's an inclusion in a lot of
Speaker 3: contracts nowadays, is that you work your your hours up
Speaker 3: to and including what they deem reasonable. And I think
Speaker 3: the point here is that some workplaces, more so than others,
Speaker 3: take the piece a little bit.
Speaker 1: And I definitely do. That's why I needed to disclaim it.
Speaker 1: So you guys can't pipe up and be like, what
Speaker 1: do you mean, what's a lunch break? This happen on
Speaker 1: my own show.
Speaker 3: Yeah, So I think like, yeah, there's a big difference
Speaker 3: between oh my gosh, today there's this one big project
Speaker 3: and if I leave at five o'clock on time like
Speaker 3: I'm supposed to, someone else is going to have to
Speaker 3: stay back by themselves to finish it, yea, rather than
Speaker 3: a systemic where three lunch breaks, stay back late every
Speaker 3: day because if you don't, you're not seen to be
Speaker 3: working as other people.
Speaker 1: It's that culture and I used to work in that culture,
Speaker 1: and it's disgusting and I feel like it's really bad
Speaker 1: if your mental health. It's arguably very bad for your
Speaker 1: physical health. But I want to hear before I, you know,
Speaker 1: put these people in blust. What would you guys do? Jess,
Speaker 1: I know you've worked incredibly corporately before. Have you run
Speaker 1: into this before? Yeah? I have.
Speaker 3: And it's interesting. I think like how I would handle
Speaker 3: it now and how I would have handled it when
Speaker 3: I was younger, you know, older, more confident, more assertive.
Speaker 3: As we discussed earlier. I think when I was younger,
Speaker 3: a lot of the time I just kind of copted
Speaker 3: it on the chin and then complained about it's my
Speaker 3: friends kind of like, well, I'm going to do it
Speaker 3: because I don't want to kiss anybody off.
Speaker 1: Yeah, well I'm going to do it, but I'm going
Speaker 1: to stick about it, okay, correct.
Speaker 3: Whereas now I think it's about having a conversation because
Speaker 3: I mean, maybe your employer or your manager or your
Speaker 3: team aren't realizing the amount of time that you're putting in.
Speaker 3: Should they be paying attention and anything that. Yes, but
Speaker 3: let's not make it asumptions. Maybe it is just as
Speaker 3: simple as raising it and saying, hey, can I get
Speaker 3: some time in loop for all of the time that
Speaker 3: I'm staying back or is there something that we can absolutely?
Speaker 3: But the flip side of that is and I feel
Speaker 3: like we really have to say it because I don't
Speaker 3: want to be like, yeah, girl boss, tell them and
Speaker 3: then have someone experienced negative repercussions.
Speaker 2: Yeah.
Speaker 1: Absolutely, it's s There's a tough conversation to have, right
Speaker 1: And there is the chance that if you do start
Speaker 1: raising these issues, if the workplace you're in has a
Speaker 1: poor culture and they are actually toxic, there is a
Speaker 1: chance that there will be negative ramifications for you and
Speaker 1: it might be that you are put on some kind
Speaker 1: of notice. It might be that you're told that culturally
Speaker 1: you're not the best fit for them because you're not
Speaker 1: meeting their expectations of what they deem is reasonable.
Speaker 3: Is that shit? Ae thousand percent? And I would say
Speaker 3: if that is the case, probably not a workplace you
Speaker 3: want to be in long term.
Speaker 1: Absolutely agree, But you don't want to shoot yourself in
Speaker 1: the foot when you really need to have your job.
Speaker 3: Well, and that's it. That's why I think it's important
Speaker 3: to just say, hey, should you stand up for yourself?
Speaker 3: One thousand percent? But also I don't want to be
Speaker 3: the reason that somebody says something and then goes, oh
Speaker 3: my god, I lost my job.
Speaker 5: Yeah.
Speaker 1: Absolutely.
Speaker 4: From an employee rights perspective, though, can you lose your
Speaker 4: job for asking if.
Speaker 3: You should have theoretically lunch break you're entity.
Speaker 1: Poretically absolutely not Georgia. That would blacklist you a little bit.
Speaker 1: Oh George, you're just not a good cultural fear. Yeah,
Speaker 1: it's like you're not going to say it was your
Speaker 1: lunch break. No, Like you're culturally not the best fear.
Speaker 1: If you're on probation as well, it's a really easy
Speaker 1: thing for employers to kind of, you know, be like, oh,
Speaker 1: you know what, it just didn't work out, see you later,
Speaker 1: or like performance management. There are all of these tools that, yes,
Speaker 1: there are, You're right, like, they couldn't just turn around
Speaker 1: be like Georgia and you're taking a lunch break every
Speaker 1: day you're fired. But with that being said, especially having
Speaker 1: worked in a couple of somewhat toxic workplace cultures previously,
Speaker 1: she's on the money.
Speaker 3: No, there are definitely things that an employer can do
Speaker 3: if they want to, if they are dissatisfied like that,
Speaker 3: and if you are experiencing anything like that, a thousand percent,
Speaker 3: hit up your union, hit up Fair Work Australia. They
Speaker 3: are a friends, fantastic, fantastic resource because nobody should be
Speaker 3: experiencing that. But it's one of those things where it's
Speaker 3: really hard, I think, to police to the fullest extent,
Speaker 3: because you can have one opinion and you can say,
Speaker 3: oh my god, I know that the reason this is
Speaker 3: happening is because I stood up for myself because I
Speaker 3: didn't want to do that over time. But then your
Speaker 3: employer could turn around and say, oh, actually they weren't
Speaker 3: getting along with other people, or they didn't culturally quite
Speaker 3: fit in, or the positions become redundant, or any other
Speaker 3: number of things that you go And we don't mean
Speaker 3: to scare you, but I think it's a really important
Speaker 3: preface to make because I would hate for someone to
Speaker 3: walk away from this.
Speaker 1: That's a lot of tickets on ourselves. Imagine just assuming
Speaker 1: that people are going to walk away from listening to
Speaker 1: our contents super empowered, like, oh my god, I listened
Speaker 1: to another Shit's on the Money episode and now I'm
Speaker 1: going to take over the world and tell my boss
Speaker 1: to jump Like that's a few tickets. But let's assume
Speaker 1: that that's the case. But I think it's also about
Speaker 1: setting really healthy boundaries and starting to, you know, not
Speaker 1: necessarily be super confrontational. But if your boss gives you
Speaker 1: a t at four point thirty in the afternoon and
Speaker 1: you know that that's going to take you past your
Speaker 1: five pm finish, and you know you might have something book,
Speaker 1: do a drink with a friend, or you might just
Speaker 1: want to go home to sit on the couch with
Speaker 1: your cat. I think setting really healthy boundaries and just
Speaker 1: going hey, Jess, thanks so much. Is it all right
Speaker 1: if I get to that in the morning, and they
Speaker 1: might go why and you'll be like, oh, well, I
Speaker 1: just don't have enough time today to do it, like
Speaker 1: I've got to leave at five, and unfortunately this looks
Speaker 1: like a two hour task. And I think it's about
Speaker 1: starting to set really healthy boundaries where they know that
Speaker 1: you're just not willing to take that on. I think
Speaker 1: that there's a very big difference between Hey, you're willing
Speaker 1: to take on the work and like, oh yeah, she
Speaker 1: just leaves at five pm on the dot. Like that,
Speaker 1: from my perspective, is potentially not what we're trying to
Speaker 1: look like. But we're trying to set healthy boundaries. So
Speaker 1: instead of you know, leaving at five like you mentioned,
Speaker 1: you're leaving at seven. Like that's really unhealthy. So I
Speaker 1: think being a bit people please or esque can be
Speaker 1: to our detriment as well. So I think setting healthy
Speaker 1: boundaries starts with setting healthy expectations, so going hey, did
Speaker 1: you need anything else this morning? I'm actually gonna pop
Speaker 1: out for lunch at twelve, and starting to set boundaries
Speaker 1: where maybe you're not necessarily saying to your boss, hey,
Speaker 1: so I don't get lunch at all, And I think
Speaker 1: that's ridiculous, Like you could potentially get them offside with that.
Speaker 1: Can we find a softer way to start introducing these
Speaker 1: boundaries into your daily conversation where instead of going, I
Speaker 1: think it's ridiculous, you just going do you know what
Speaker 1: I deserve my lunch break, I'm gonna go at one. Hey,
Speaker 1: I'm actually leaving it one to go for lunch. Was
Speaker 1: there anything you wanted me to pick up on the
Speaker 1: way back to just set that boundary? And I think
Speaker 1: that that is a much healthier way of starting to
Speaker 1: see how they respond to it, because confrontation is not
Speaker 1: always the answer in these circumstances, Like sometimes it's absolutely necessary, though,
Speaker 1: And in that case, I would be looking at making
Speaker 1: a list and just keeping track of things and taking
Speaker 1: the emotion out of the conversation that you need to have.
Speaker 1: We're not talking about like I just feel like I'm
Speaker 1: not respected. I am not respected. We don't feel things.
Speaker 1: They are things. When you're at work, it needs to
Speaker 1: be pragmatic because I promise, and this is going to
Speaker 1: sound really harsh and terrible, and I promise, guys, this
Speaker 1: isn't how I feel about you, but I promise your
Speaker 1: boss just doesn't care about the emotional side of it
Speaker 1: your boss just cares about getting the job done and
Speaker 1: you being a good employee, and I really just I
Speaker 1: don't care how you feel about it, like I care
Speaker 1: pragmatically what that means. And you know, as somebody who
Speaker 1: is an employer, I'd be heartbroken if my team thought
Speaker 1: that I was, you know, crossing their boundaries or not
Speaker 1: respecting them, and I would, you know, it's twenty twenty two.
Speaker 1: I would hope other bosses feel the same way too.
Speaker 1: So I think it's also really healthy to be like, hey,
Speaker 1: I don't know if you know about like I literally
Speaker 1: don't have time for lunch. I'd be horrified, Jess, if
Speaker 1: you turned around and said I just don't have time
Speaker 1: for myself, I'd be like, what, Like, I'm so sorry.
Speaker 3: And I think when you're having those conversations as well,
Speaker 3: there's probably a little bit of power. And I have
Speaker 3: done this in the past where you just kind of
Speaker 3: no no in a past job. I'm gonna say it,
Speaker 3: and you're gonna be like, oh, no, that hasn't This
Speaker 3: is about me, about me, It's all about me, but
Speaker 3: just keeping track of those things. So rather than just
Speaker 3: saying I feel like I never get time for lunch
Speaker 3: saying hey, in the last three weeks, I've only been
Speaker 3: able to take my full lunch break twice, or in
Speaker 3: the last month, I've worked eighteen hours of overtime. And
Speaker 3: having something I think a little bit more solid to
Speaker 3: put in front of somebody shows one that you personally
Speaker 3: are really feeling it and taking it seriously and wanting
Speaker 3: to present them with information that they can digest. But
Speaker 3: on their end, if you go, oh my god, like
Speaker 3: that's a whole three or four extra days of work
Speaker 3: that you've done, that's mind bowing. I think that that
Speaker 3: also can have a little bit of an impact, and
Speaker 3: a lot of times if it's a bigger business, sometimes
Speaker 3: things have to be run up through different managers or
Speaker 3: if you're in a bigger business. Obviously, as a small team,
Speaker 3: for us, it's really easy if I have a problem
Speaker 3: to be like, hey, Vy, this kind of cooked, and
Speaker 3: you're like, no problems, let's fix it. But in big
Speaker 3: business it can be a little bit more challenging, and
Speaker 3: so recognizing that you might need to have something that
Speaker 3: your boss can take to their boss, or their boss
Speaker 3: can take to their boss, so that they can reallocate
Speaker 3: re sources to ease your load. Yeah, because that process
Speaker 3: isn't always as direct as simple as it really should be.
Speaker 4: So on Wednesday's episode ES, we spoke about the importance
Speaker 4: of keeping a paper trail. So if you're up for
Speaker 4: a promotion or something like that, just having that evidence
Speaker 4: on hand so you can present it to your boss
Speaker 4: is very helpful because otherwise they can just dismiss you
Speaker 4: and you.
Speaker 1: Know, pretend it hadn't happen. And it's so hard to
Speaker 1: advocate for yourself when you haven't really done it before.
Speaker 1: And I promise evidence is that thing that's going to
Speaker 1: feel like that crutch when you walk into that meeting.
Speaker 1: You're like, no, I have my stuff sorted out. I
Speaker 1: know I deserve this. I know I can advocate for
Speaker 1: myself in this conversation, not just oh yes, I feel
Speaker 1: like I deserve a raise, like that's just it's not
Speaker 1: the way things should go. The other flip side, I
Speaker 1: guess from the employer's perspective, And you know, as I said,
Speaker 1: I'm a bit I don't want to say good boss.
Speaker 1: I think I'm bloody b but like I just I
Speaker 1: get really anxious that I would take advantage of people
Speaker 1: and I would never ever want that. So I think
Speaker 1: from my perspective, it goes one of two ways. If
Speaker 1: you're working over time with me, there's two things that
Speaker 1: could go wrong. I've either that allocated you too much
Speaker 1: work for the amount of hours that I have you
Speaker 1: each and every single week, in which case that's a
Speaker 1: me problem and I really need to reallocate that or
Speaker 1: think about a way to lift that workload. Again, it's
Speaker 1: not on my employees. It's on me as an employer
Speaker 1: to make sure that your allocated tasks that are in
Speaker 1: line with your job description and your capabilities, and if not, cool,
Speaker 1: we need to reallocate. Sometimes your boss might not be
Speaker 1: privy to the fact that you know, hey, g can
Speaker 1: you just organize this spreadsheet in the head It might
Speaker 1: be a timided job. In reality, it might be a
Speaker 1: three hour job, and you just need to sit down
Speaker 1: with your boss and be like, do you realize that,
Speaker 1: like these things that you're allocating me are taking so
Speaker 1: much longer than you think they are, in which case,
Speaker 1: is there a way we can automate it? Or can
Speaker 1: we just reset realistic expectations of what this work looks like?
Speaker 1: Or on the flip side, I'm allocating you work you're
Speaker 1: staying back to get it done because you don't actually
Speaker 1: have the technical skills to do that work I have
Speaker 1: allocated you, in which case I need to have a
Speaker 1: look at it and go, okay, cool, is there any
Speaker 1: training I can give you jest? Or we need to
Speaker 1: do some stuff that could help you, or is that
Speaker 1: the right role for you? In which case you need
Speaker 1: to have a think about it and go, am I
Speaker 1: really struggling here and I just don't understand the role?
Speaker 1: Or am I not passionate about it? So I'm putting
Speaker 1: it off all throughout the day to work on it
Speaker 1: at night to get it done. And I'm staying back
Speaker 1: not because I'm not good at this, because I just
Speaker 1: really don't like my job and I'm just not doing
Speaker 1: it when I should be doing it. So I think
Speaker 1: that from my perspective, those are the two ends of
Speaker 1: the spectrum where I go. It's either absolutely me or
Speaker 1: it's my team member that I need to be supporting more.
Speaker 1: Both outcomes are it's my responsibility to manage that as
Speaker 1: your manager. So I think it's important to look at
Speaker 1: that as well and potentially give your manager or your
Speaker 1: employer the tools to understand that, Like I think it's
Speaker 1: about having those open, honest conversations and just feeling out
Speaker 1: what that means. Because like confrontation, if you're making a
Speaker 1: TikTok like sounds really good, like I'm got to put
Speaker 1: up with anything, in reality, it's a bit of a
Speaker 1: different circumstance.
Speaker 3: So definitely go back and listen to Wednesday's episode about
Speaker 3: how to have those hard conversations, and yeah, really recognize
Speaker 3: that it's a case by case basis. We don't want
Speaker 3: anyone making any rash choices and finding themselves in a
Speaker 3: sticky situation. But also, if you're being asked to do
Speaker 3: something that's unreasonable, that's not cool, and that is something
Speaker 3: that your employer should be fixing. And if they're not,
Speaker 3: maybe it's time to all.
Speaker 1: Of your other options whom you need to say sorry
Speaker 1: for your loss, and they'll say what loss, and you'll
Speaker 1: be like me, tutlu. All right, that is all we
Speaker 1: have time for today. Georgia King, can you wrap the
Speaker 1: boring but important stuff?
Speaker 3: Let's do it, okay.
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Speaker 1: See you next week, guys, guys mhm