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Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman

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Speaker 1: and I'm here to acknowledge country. Te Glenn Young Ganya Niana,

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Speaker 1: kaka ya ya beIN ah Waka Nian our gay In Nimbina,

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Speaker 1: yak um Jar, dominyamiga Umaga, ihowaknitle Waman damon immlan, Wumba

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Speaker 1: bang Gadabomba in and now in waka ghana on yak

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Speaker 1: rum Jar Watanadaa. Hello, beautiful friends, we gather on the

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Speaker 1: lands of the Aboriginal people. We thank acknowledge and respect

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Speaker 1: the Aboriginal people's land that we're gathering on today. Take

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Speaker 1: pleasure in all the land and respect all that you see.

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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,

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Speaker 1: bringing you the tools, knowledge and resources for you to thrive.

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

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

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Speaker 2: that makes your personal finances feel fun, especially on a Friday.

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Speaker 2: I am not Victoria Divine. I'm this week. I am

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Speaker 2: joined by Becksayed for a very special edition of Friday Drinks.

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Speaker 2: Victoria's Away so we get to have you all to ourselves.

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Speaker 2: As always, Friday is the day where we celebrate you

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Speaker 2: are beautiful shes in the money community. So I will

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Speaker 2: be sharing some of your money wins for the week.

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Speaker 2: Beck's going to be bringing some Trusty Broke tips just

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Speaker 2: in time the end of financial year. As is the custom,

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Speaker 2: we'll be chatting through some of your money dilemmas, including

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Speaker 2: what one listener might do with their earnings from their

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Speaker 2: site hustle, plus a DM about gracefully navigating tricky family finances.

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Speaker 2: If you've got money dilemma that you're just dying to share,

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Speaker 2: please do send us voice note. We'll have a link

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Speaker 2: to that in the show notes, or you can find

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Speaker 2: it at She's on the money dot com where you

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Speaker 2: can record your message. We'd love to answer it on

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Speaker 2: the pod, and who knows, it might just help somebody

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Speaker 2: who is in a similar predicament.

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Speaker 3: Gorgeous, sir.

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Speaker 2: I feel that was a lot for me, A lot

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Speaker 2: of words. Discombobulated word of the day.

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Speaker 3: I love a word of the day, and I think

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Speaker 3: that discombobulated is fun word, fun word.

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Speaker 2: It's a hard word. It's a fun words ballot, but

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Speaker 2: I can use it very liberally.

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Speaker 3: Now one of my favorite parts of the show, obviously

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Speaker 3: is the five star review. Do you feel like you're

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Speaker 3: ready to hear it? Honestly amazing before I get into it.

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Speaker 3: If you found a particular episode helpful or want more

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Speaker 3: people to know how to make their money work for them,

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Speaker 3: please share a review of the pod wherever you listen.

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Speaker 3: So this review comes from Kristin and it says, dear

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Speaker 3: Magic Mentors.

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Speaker 2: Oh, I love it already. I know after a good start,

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Speaker 2: let's leave with it.

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Speaker 3: It's difficult to put into words how grateful I am

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Speaker 3: for the amount of knowledge and confidence gained from listening

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Speaker 3: to you ladies. I cannot believe how much my money

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Speaker 3: story has changed in the last few years thanks to

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Speaker 3: this platform. It is so refreshing to hear conversations about

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Speaker 3: finance without the negativity of comparison. What a powerfully informed

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Speaker 3: community you've created. Keep it up. That's gorgeous, Kristen, thank

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Speaker 3: you so much.

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Speaker 2: That is amazing, and it's true without the competition or

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Speaker 2: the comparison, like everyone's running their own journey and you

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Speaker 2: guys are all doing so amazingly. I'm so I feel

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Speaker 2: like a little mother hand. I'm so proud of you all.

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Speaker 3: Yeah, Oh my goodness, that's amazing. Thank you so much, Kristin,

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Speaker 3: thank you for sharing that.

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Speaker 2: Now it is time the part of Friday Drinks where

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Speaker 2: we answer your unique, left of center or straight up

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Speaker 2: unhinged question of the week. You're gonna love this one, Beck.

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Speaker 2: It comes from Schooner and she said, if there was

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Speaker 2: a slice of pizza and I asked you to cut

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Speaker 2: it in half and give me the bottom piece, which

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Speaker 2: part would you give me the crust or the pointy end? Well,

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Speaker 2: there is a correct answer, no pressure. I'm thinking in half.

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Speaker 2: It's like you're thinking you do it crust tip. Yes,

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Speaker 2: crust tip.

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Speaker 3: I'm thinking crust tip, And so I'm when you said bottom,

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Speaker 3: I'm like, sorry, excuse me.

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Speaker 2: I understand.

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Speaker 3: Now, what's a crazy way to cut it? If you're

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Speaker 3: cutting it in half, I imagine cutting. But if you

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Speaker 3: want the bottom, I'm giving you the tip.

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Speaker 2: You correct?

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Speaker 3: Correct?

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Speaker 2: I had to think of her. I know that is correct.

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Speaker 2: I agree, But I also do think it's absurd to

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Speaker 2: hand someone a piece of pizza without a handle. How

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Speaker 2: are you going to eat?

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Speaker 3: And how are you even giving you to them? And

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Speaker 3: how are they receiving it?

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Speaker 1: Like?

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Speaker 2: Where what are you holding, and by definition, I think

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Speaker 2: if you're holding the crust, that makes it the top.

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Speaker 2: And also if you think about the pizza's circle to

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Speaker 2: be in this, yeah, and the crust is the outside

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Speaker 2: and therefore it must be the top top.

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Speaker 3: Right, Sorry, and I'm repeating everything that's correct, though, I think.

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Speaker 2: Yeah, yeah, I love these kinds of questions. These are

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Speaker 2: so fun, I know, oh my god.

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Speaker 3: But then also you'll like, got a tire, yes, would

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Speaker 3: you say the outside of the tire is the bottom

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Speaker 3: of the tire because it's on the floor.

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Speaker 2: And so you kind of tire into a pizza shaped slice.

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Speaker 2: I think I would still say the rubber bee is

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Speaker 2: the handle. Okay, yeah, yeah, yeah, yeah, I understand what

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Speaker 2: you're saying, like it's the bottom because the tire is

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Speaker 2: touching the ground. But see, by nature of I think

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Speaker 2: that the top of the tire is the bit that's

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Speaker 2: touching the car, and the bottom is the bit on

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Speaker 2: the ground. And so the top could well be the

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Speaker 2: bottom if it just spun arount because we're all just

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Speaker 2: on the hamster wheel of life.

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Speaker 3: Well that's exactly right, Well, that's exactly right. It's so profound.

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Speaker 2: Come to ask for more more insightful advice. Thank you

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Speaker 2: show to helpius see the whole pizza situation for a

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Speaker 2: new angle. I'd love to know what everybody else thinks.

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Speaker 2: If there's a single person out there, he says, the

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Speaker 2: tip is the top. I don't know what to tell you,

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Speaker 2: my friend, but yes, sorry, let us know in the

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Speaker 2: comments on Spotify, if you've got a question that absolutely

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Speaker 2: must be answered, send it in. We love to hear it.

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Speaker 2: We love reading them, we love responding to them. The

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Speaker 2: sillier the better.

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Speaker 3: May I just say yes please?

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Speaker 2: But before we get into your boat tips, would you

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Speaker 2: mind if I shared some money win?

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Speaker 3: Of course? Sorry, I almost completely forgot that this part exists.

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Speaker 2: We just got so sad tracked by the fun question. Really,

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Speaker 2: I don't know we really did.

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Speaker 3: Sorry, yes, please, I'd love to hear some money wins.

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Speaker 2: Amazing. Firstly, this week I have a money win for

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Speaker 2: Maddie who said, my favorite type of red wine is

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Speaker 2: now available in another brand that is twelve dollars cheaper

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Speaker 2: and tastes just as good.

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Speaker 3: Amazing.

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Speaker 2: I've heard lots of people say good things about the

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Speaker 2: Aldi wines. Oh yeah, really affordable, apparently really delicious.

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Speaker 3: Yes, they've won some awards too. Apparently here they Yeah,

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Speaker 3: they're so good. That's very cool.

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Speaker 2: Next time got money went from Rachel, who said, I

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Speaker 2: claimed my three year old mattress under warranty and I'm

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Speaker 2: getting it replaced. I think I just got a dud,

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Speaker 2: as I had the exact same mattress before and it

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Speaker 2: lasted me over eight years. Oh wow, warranties are great.

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Speaker 2: This is I know. I say this every time I

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Speaker 2: mentioned a warranty, but this is your reminder. Because I

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Speaker 2: went to buy something at JB Hi Fire and they said,

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Speaker 2: would you like to add on an extended warranty for

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Speaker 2: an extra one hundred and fifty dollars and I was like, no,

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Speaker 2: thank you, that'll be covered under consumer law.

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Speaker 3: Oh my god, that you are.

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Speaker 2: It feels mean, but like, I'm not paying you one

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Speaker 2: hundred few dollars for something that I can get for

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Speaker 2: free from the gun.

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Speaker 3: That is really good to know.

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Speaker 2: Don't pay Oh my god, it's really extended warranties. That's crazy.

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Speaker 3: And how long you covered under consumer law? Well it depends.

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Speaker 2: So consumer law says that it's like a scale based

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Speaker 2: on costs, Like if you spent five thousand dollars on something,

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Speaker 2: you would expect it to last a reasonable number of years,

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Speaker 2: whereas if you spent you know, one hundred dollars on something,

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Speaker 2: I think standard consumer law covers things for two to

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Speaker 2: three years, but then beyond that, like if you bought

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Speaker 2: something really expensive, you absolutely can argue that you're at

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Speaker 2: the price you're paying, you would expect a longer life

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Speaker 2: out of it. Yeah, exactly.

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Speaker 3: Oh my god, I really want to say that next

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Speaker 3: time little mic drop me. Thanks, it's covered under consumer law.

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Speaker 2: Yeah, well, I just think it's Yeah, stop selling junk insurance.

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Speaker 2: Nobody needs it. Next, I've got a money win from

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Speaker 2: Rihanna and who said money win. I worked on Sunday,

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Speaker 2: which I don't normally do. I had the longest shift

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Speaker 2: of anybody in the day, and I made my whole

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Speaker 2: week's wage in that one shift. Oh my god, isn't

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Speaker 2: that crazy? Yes, she must given Sunday rates. Incredible vice. Next,

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Speaker 2: I got one from Alice, who said, a medical practitioner

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Speaker 2: I've been seeing regularly forgot to put through my Medicare

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Speaker 2: rebates for a few months and I've only just noticed

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Speaker 2: you can obviously claim them, you know, in back pay.

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Speaker 2: And I got over one thousand dollars coming my way.

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Speaker 3: This book amazing.

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Speaker 2: Next, I've got one from Kimberly, who said a small win,

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Speaker 2: I've finally got intentional with where my money is going

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Speaker 2: instead of letting it disappear during the week.

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Speaker 3: Good on you, Kimberly.

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Speaker 2: And then last one for the week from Kayla another

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Speaker 2: small but mighty win. I'm with the Original, which I've

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Speaker 2: never heard of. For the Internet and gas, I logged

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Speaker 2: into my app the other day and saw that they

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Speaker 2: had a my Rewards tab. I already use this for

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Speaker 2: a petrol discount, but they also have movie tickets that

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Speaker 2: you can book through the app to all of the

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Speaker 2: major cinemas at a very very discounted price, not to

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Speaker 2: mention things like a sneaky iconic discount as well. Okay,

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Speaker 2: the original, never heard of the original. Just check the

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Speaker 2: things you're using, because it was only through this show

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Speaker 2: that I realized that through NAB I can get discount

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Speaker 2: and petrol at seven eleven. And let me tell you,

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Speaker 2: when Petro was like two dollars thirty a liter, Yeah,

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Speaker 2: that was doing a lot for me.

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Speaker 3: Oh my god, how much discount It changed.

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Speaker 2: Like week on week. But I think one time I

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Speaker 2: got ten cents.

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Speaker 3: Yeah.

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Speaker 2: I think one time I might have got fifteen cents, Okay,

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Speaker 2: enough to be well worth it. Yes, I feel like

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Speaker 2: more and more platforms are doing rewards programs, gifts programs, whatever,

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Speaker 2: so I feel like it helps to have the apps.

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Speaker 2: Then all wound the apps and thank you. Yeah, look

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Speaker 2: into it, well worth it.

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Speaker 3: It is a good lesson because I also see these

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Speaker 3: notifications in any app that i've that's ever existed, and

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Speaker 3: I just ignore them because I'm like, oh, it's not

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Speaker 3: for me, don't ignorebe it is for us. I do

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Speaker 3: have some broke tips. So this first one comes from Nadia,

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Speaker 3: who sent me a post from tight Houses of Melbourne,

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Speaker 3: and this one says twenty nine dollars bottomless steam pan

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Speaker 3: fried and deep fried dumplings for nineteen minutes at Welcome

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Speaker 3: to Brunswick. The whole thirty bucks for bottomless, steamed, pan

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Speaker 3: fried and deep fried dumplings for ninety minutes. I'm like,

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Speaker 3: that'll fill you up for the day.

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Speaker 2: I do love a dumpling, although I do think you

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Speaker 2: hit a threshold where there's only seventy dumplings that one

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Speaker 2: person can eat.

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Speaker 3: Yes, that's true, but I feel like if you are

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Speaker 3: like just going through a rough patch financially and you're like,

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Speaker 3: I'm going to need this to film me ut for lunch, dinner, everything.

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Speaker 3: Then I'm like, you can squeeze it in. And I

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Speaker 3: think because there's steamed pan fried and deep bride, it

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Speaker 3: feels like different types of food you're and then in

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Speaker 3: that same vein at the Howler also in Brunswick. Sorry, everyone,

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Speaker 3: I feel like this is just a complete coincidence, but

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Speaker 3: there would be something similar in every part of the world.

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Speaker 3: For fifteen dollars you can get entire burger range with

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Speaker 3: chips and free trivia from seven pm Tuesdays. So Happy

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Speaker 3: Hour fifteen dollars burger and chips, free trivia, seven pm

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Speaker 3: Tuesdays at Hower. And I'd say that's probably a very

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Speaker 3: cheap date if you want to go on a date,

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Speaker 3: and for you know, people who want to cheap or

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Speaker 3: like kind of cost effective way to see their friends.

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Speaker 3: I think it's really gready and I'm sure that you

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Speaker 3: have something similar in your area. I'm really sorry it's

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Speaker 3: only relevant to people in Melbourne and what's SPPECI people

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Speaker 3: in and around Brunswick maybe, so I do apologize for

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Speaker 3: the exclusivity the next one comes from Jacinta, who says

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Speaker 3: he it's are giving away twelve dollars movie tickets on Sundays.

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Speaker 2: Twelve dollars. Yeah, I know, that's so cheap. That is

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Speaker 2: so cheap. I feel like Sunday is a great day.

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Speaker 2: Expect like do a cheap Tuesday or whatever.

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Speaker 3: I think it's really clever because everyone does. You know,

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Speaker 3: there's like the Magic Mondays whatever cinema Nova in Melbourne,

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Speaker 3: and then you've got your cheap Tuesdays like everywhere else

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Speaker 3: in the world, so like no one's doing Sundays.

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Speaker 2: There's a few things I love more than sitting down

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Speaker 2: in a cinema with a big bucket of popcorn. Oh yeah,

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Speaker 2: I'm just zerting out of three hours.

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Speaker 3: Oh my god, gorgeous. So there's your Sunday plans taken

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Speaker 3: care of. And then this is the last one comes

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Speaker 3: for myself. And I've just been playing around with do

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Speaker 3: you know Suku home beautiful sheets and don the covers

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Speaker 3: and stuff like that, and one day hopefully I'm rich

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Speaker 3: enough to be able to fall that. But in the meantime,

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Speaker 3: this is just a reminder that if you see like

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Speaker 3: prints on Douna covers or you know things like that.

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Speaker 3: There's one specific one that is like a yellow polka

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Speaker 3: dot kind of looking Douner cover. It looks amazing. I

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Speaker 3: got some black dye and a circular car sponge and

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Speaker 3: just like created that print myself on like some ten

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Speaker 3: dollars douna cover kind of it's obviously not the same quality,

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Speaker 3: it's not even it doesn't even really look the same.

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Speaker 3: It's like, it'll do the trick. I think that if

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Speaker 3: you need to do the trick until you get to

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Speaker 3: a place where you're like, oh my god, I can

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Speaker 3: afford suku, then just find a way to do it.

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Speaker 3: There are definitely ways to do it. And so I

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Speaker 3: just wanted to share what could have been maybe twenty

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Speaker 3: dollars was like twelve dollars.

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Speaker 2: So adri Era exactly right.

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Speaker 4: I love for you.

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Speaker 2: Wow, Well we do love a thrifty tip. And there

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Speaker 2: is no gate keeping here. Now don't go anywhere, because

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Speaker 2: after the break we'll be chatting through your money dilemma.

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Speaker 2: This one's all about repurposing the profits from what sounds

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Speaker 2: to be a very lucrative side hustle.

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Speaker 3: Welcome back, everyone, Let's take a listen to this week's

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Speaker 3: money dilemma. Hi, there, have you got a money dilemma

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Speaker 3: you just can't solve?

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Speaker 2: The She's on the Money team is here to help.

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Speaker 4: Every week, we tackle your dilemmas, both big and small,

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Speaker 4: to answer your most burning money, career and life questions.

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Speaker 4: To get involved, simply head to our website and leave

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Speaker 4: us a short voice recording and you might just find

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Speaker 4: yourself on the show.

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Speaker 3: Now, let's take a listen to this week's money dilemma.

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Speaker 5: Hello, guys, I have a side hustle and I'm wondering

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Speaker 5: what to do with the profit from that business. So

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Speaker 5: with my personal money that I earn from my day job.

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Speaker 5: The way that I structure that is that I put

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Speaker 5: fifty percent towards needs, forty percent towards investments, and ten

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Speaker 5: percent towards wants. So I'm wondering with my business income,

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Speaker 5: with the actual profit from that when I'm putting that

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Speaker 5: into my personal accounts, how do I act divvy that up?

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Speaker 5: Do I then put that into fifty into those percentages

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Speaker 5: or is there another way? It seems like if I

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Speaker 5: do it that way, I'm not getting much fun money

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Speaker 5: from my business. Thank you so much, I'd really love

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Speaker 5: your advice.

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Speaker 3: Well, First of all, congratulations on having a business that

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Speaker 3: generates profit. I feel like that's like a site hustle

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Speaker 3: that generates profit. That's really really cool. I know this

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Speaker 3: is not why we're here, but party.

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Speaker 2: Thinking to what end? To end? Free money?

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Speaker 3: Yeah, just use it as fun money. But I know

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Speaker 3: that's not probably what you want to hear and probably

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Speaker 3: not your intention with it. But I think at some

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Speaker 3: point we've got to have fun with our money and

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Speaker 3: we can't feel guilt. It's like resting. It's like we

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Speaker 3: always feel guilty about resting. It's like, to one end,

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Speaker 3: let's rest, and so toward end, let's spend.

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Speaker 2: And I think I'll put that on a T shirt

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Speaker 2: match coming soon.

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Speaker 3: I'm going to undo all your heart work. But no,

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Speaker 3: I think if you have the means, if you have

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Speaker 3: the capacity, I would support it if you just use

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Speaker 3: that as fun money. But if you are like what

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Speaker 3: should I do with it? And I don't want to

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Speaker 3: use it as fun money, then I mean I don't know,

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Speaker 3: but I would just use that same percentage system, I guess,

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Speaker 3: because that's why percentage, that's why it's not like a

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Speaker 3: figure amount, because yeah, if you have like one hundred

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Speaker 3: dollars or if you have a thousand dollars, that percentage

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Speaker 3: systems to work, so I would be doing that. Does

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Speaker 3: that work for you?

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Speaker 5: Yeah?

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Speaker 2: I think administratively that is just much cleaner. You've obviously

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Speaker 2: picked those percentages for a reason. I will say, make

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Speaker 2: sure that you are putting the appropriate amount of money

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Speaker 2: aside for tax from your side hustle, because you will

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Speaker 2: owe tax on that money. I'm going to assume that

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Speaker 2: you've already taken your tax money out and what you've

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Speaker 2: got left is the pool of what you have. I

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Speaker 2: don't know what the side hustle is like. Do you

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Speaker 2: need to invest in things for the side hustle, because

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Speaker 2: again I would, depending on what it is like, I

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Speaker 2: would maybe you want to pay for your business from

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Speaker 2: the business effectively, like in an ideal world, that's the

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Speaker 2: place that you get to. So if you need to

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Speaker 2: pay for postage for things, you know, any of those

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Speaker 2: sorts of bits and pieces, subscriptions for your business, things

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Speaker 2: like that, it's much cleaner to pay for your business

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Speaker 2: from your business profits. It also makes it easier at

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Speaker 2: tax time when you've got deduction than things of that nature.

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Speaker 2: So I would be keeping depending on what you're doing again,

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Speaker 2: We've got no idea, which makes a little bit hard

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Speaker 2: to advise or suggest, but I would be keeping maybe

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Speaker 2: a portion aside for those sorts of things if those

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Speaker 2: are things that you need to pay for. But if

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Speaker 2: you're taking everything else out from your side hustle and

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Speaker 2: you're just keeping it as like earnings or money straight

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Speaker 2: to yourself, I would be inclined to uphold the system

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Speaker 2: because I'm assuming that you've created this structure for a reason.

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Speaker 2: You're investing a huge chunk of your money. Forty percent

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Speaker 2: is a lot, so I'm guessing you're maybe trying to

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Speaker 2: do fire or working towards some kind of significant goal

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Speaker 2: there makeup for some lost time. Maybe if you feel

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Speaker 2: like you are living super frugally, like that fifty forty

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Speaker 2: ten split is really, you know, pushing you a little bit,

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Speaker 2: then maybe you can consider using some of it for

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Speaker 2: fun money. I would maybe steer away from using all

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Speaker 2: of it because I think you're working so hard. You're

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Speaker 2: working a side hustle in addition to a full time job, Like,

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Speaker 2: let's make sure that that money is working hard for

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Speaker 2: you as well. But you know you can take a

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Speaker 2: little portion out of it each week. If you wanted

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Speaker 2: to say, you have your pool of money that's come

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Speaker 2: out of your side hustle, and eighty percent of that

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Speaker 2: goes into your system, So then you know fifty percent

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Speaker 2: and twenty percent of that gets set aside as fun

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Speaker 2: money savings for something that you want, Like that could work,

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Speaker 2: but I think if you've gone to the effort of

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Speaker 2: setting up a structure, stick to the structure. Yeah, don't

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Speaker 2: make life hard for yourself.

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Speaker 3: Yeah, I tend to agree. That's a really good point though.

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Speaker 3: Paying for the business out of the profits of that business, yes,

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Speaker 3: it could be heaps of outgoings, like you know, if

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Speaker 3: it's a cafe, you go to buy the cups and

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Speaker 3: the lids and yeah, yeah, I agree.

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Speaker 2: Yeah, it just is so much cleaner come tast time

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Speaker 2: when you want to judge that, yet a lot simpler

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Speaker 2: as well. So those would be my thoughts.

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Speaker 3: Are you ready for a juicy DM? Absolutely, Jess, I

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Speaker 3: know this range. But do you have siblings? I do

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Speaker 3: have a younger brother, yes, And do you have close

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Speaker 3: cousins not super close? No? Okay, Well I only ask

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Speaker 3: you because this week's dam might challenge a few family ties,

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Speaker 3: and so I wanted to like ease us in from you,

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Speaker 3: thank you so much. Okay, so this week' STM goes

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Speaker 3: a little like this, Hi, she's on the money. I've

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Speaker 3: got a money dilemma. My mum has given my older

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Speaker 3: sister significant amounts of money over time. I'm talking well

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Speaker 3: over one hundred k. This has been for various things

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Speaker 3: like petrol, rent, general living expenses, nothing of value. My

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Speaker 3: sister is not paying any of this money back. I

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Speaker 3: feel she should get a smaller portion of the will,

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Speaker 3: but my mom doesn't think this is fair. I'm not

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Speaker 3: trying to be greedy, but would like it to be equal. Help.

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Speaker 3: How do I approach this? Any advice appreciated? This is

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Speaker 3: such a tough one because okay, well, I just want

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Speaker 3: to say nothing of VALUEV and basic needs I would

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Speaker 3: say are valuable. And I don't know who the list is. Blessed,

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Speaker 3: it's blessed. Just know this all comes from a kind place.

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Speaker 3: But as that sibling WO needs help all the time,

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Speaker 3: and this is not I totally understand. I just I

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Speaker 3: feel like I would be like if I saw my

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Speaker 3: siblings getting money and money money, and I'm like, man,

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Speaker 3: I'm out here working and you're getting all this money.

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Speaker 3: I would be annoyed too. I just want you to know, genuinely,

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Speaker 3: I would be. But we have to take things into consideration.

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Speaker 3: Maybe if you were in the same situation and you

417
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Speaker 3: were in need as well and they didn't give you money,

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Speaker 3: then you would be like, that's a very clear black

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Speaker 3: and white side by side comparison of like this is unfair.

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Speaker 3: But and I don't want to diminish or say like

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Speaker 3: when someone has the capacity to work hard that they're like, oh, well,

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Speaker 3: you can do it. So it's like not a big deal.

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Speaker 3: It's like it's not hard at all. It's like, no,

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Speaker 3: if you work hard, then you're working hard, and that's

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Speaker 3: just how it is. So if you have money to

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Speaker 3: you don't need you know, handouts for like petrol and

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Speaker 3: things like that, because you've worked hard for it, then

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Speaker 3: I just I want to give you full credit there.

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Speaker 3: But on the flip side of that, you have to

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Speaker 3: like take things into consideration, like maybe like the gender

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Speaker 3: of the person or the mental health of the person.

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Speaker 3: Like let's say you know those days we just wake

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Speaker 3: up and you're like so sad for no reason. Imagine

434
00:20:17,520 --> 00:20:20,120
Speaker 3: that was your life every single day. So mental health

435
00:20:20,200 --> 00:20:22,280
Speaker 3: really is like just like this invisible thing. I'm not

436
00:20:22,320 --> 00:20:24,920
Speaker 3: saying that's what you're sibling is struggling with, but I

437
00:20:25,040 --> 00:20:27,800
Speaker 3: just think all our brains are wired so differently, and

438
00:20:27,880 --> 00:20:31,359
Speaker 3: some of us just we really cling to things like

439
00:20:31,680 --> 00:20:33,920
Speaker 3: type A type B. But then when it comes down

440
00:20:34,000 --> 00:20:35,600
Speaker 3: to it and it comes down to, like, well, type

441
00:20:35,640 --> 00:20:37,840
Speaker 3: B people who also have this and this and this

442
00:20:38,320 --> 00:20:41,639
Speaker 3: probably need more help, We're like, no, no, that's unfair.

443
00:20:42,080 --> 00:20:45,359
Speaker 3: It's like when it suits what we're talking about, or

444
00:20:45,440 --> 00:20:47,880
Speaker 3: it suits like a TikTok trend, then it's like amazing.

445
00:20:48,000 --> 00:20:50,320
Speaker 3: When it comes down to like looking at someone's life

446
00:20:50,359 --> 00:20:52,200
Speaker 3: and being like, oh, you probably need more help because

447
00:20:52,240 --> 00:20:54,840
Speaker 3: the system is set up for people who are this

448
00:20:55,080 --> 00:20:58,399
Speaker 3: way and you are not this way, then we're like, no, no,

449
00:20:58,600 --> 00:21:00,560
Speaker 3: that's unfair. Well, then if they're getting we should all

450
00:21:00,560 --> 00:21:04,040
Speaker 3: get help anyway. All that to say, if your sibling

451
00:21:04,080 --> 00:21:07,560
Speaker 3: has needed help for petrol, for food, for basic needs,

452
00:21:07,720 --> 00:21:09,680
Speaker 3: that in an ideal world, they would all be free.

453
00:21:10,040 --> 00:21:12,520
Speaker 3: We would just get our basic needs met, let them

454
00:21:12,560 --> 00:21:14,680
Speaker 3: have it, and just be like, I'm grateful that my

455
00:21:14,800 --> 00:21:17,320
Speaker 3: brain is not the same and I don't need the

456
00:21:17,400 --> 00:21:19,879
Speaker 3: same things. But if you ever find yourself in a

457
00:21:19,920 --> 00:21:22,119
Speaker 3: position we do. I'm sure your parents will help you.

458
00:21:23,000 --> 00:21:23,560
Speaker 3: That's all for me.

459
00:21:24,560 --> 00:21:27,240
Speaker 2: It's hard, like I can understand, especially with such a

460
00:21:27,359 --> 00:21:30,040
Speaker 2: large sum. If we're taking one hundred thousand dollars is

461
00:21:30,040 --> 00:21:31,600
Speaker 2: a lot. You know, it's very different to me from

462
00:21:32,160 --> 00:21:34,360
Speaker 2: someone showing you one hundred bucks to get you through

463
00:21:34,400 --> 00:21:38,200
Speaker 2: to payday or whatever. I understand the feeling of inequity,

464
00:21:39,000 --> 00:21:42,160
Speaker 2: but also it's that conversation that we've had before around

465
00:21:42,240 --> 00:21:46,040
Speaker 2: nobody is entitled to anything, nobody owes you anything. I

466
00:21:46,160 --> 00:21:49,639
Speaker 2: think you're right in that it's really positive that you're

467
00:21:49,640 --> 00:21:52,159
Speaker 2: one of the siblings that doesn't need this level of support.

468
00:21:52,200 --> 00:21:55,280
Speaker 2: You're independent, You've worked really hard. I can see how

469
00:21:55,320 --> 00:21:57,960
Speaker 2: it would be really frustrating to say, well, I would

470
00:21:57,960 --> 00:22:00,880
Speaker 2: love one hundred thousand dollars, like I'm working really hard

471
00:22:00,960 --> 00:22:04,040
Speaker 2: and I'm not getting that same level of support. But

472
00:22:04,119 --> 00:22:06,520
Speaker 2: I guess the flip side is, is God forbid something

473
00:22:06,560 --> 00:22:09,720
Speaker 2: went wrong. I assume that your parents would offer you

474
00:22:10,160 --> 00:22:12,680
Speaker 2: that same kind of assistance if you needed it. You're

475
00:22:12,760 --> 00:22:14,879
Speaker 2: just fortunate to not be in the position where you do.

476
00:22:15,880 --> 00:22:19,359
Speaker 2: I guess the question of the will is a little

477
00:22:19,359 --> 00:22:22,080
Speaker 2: bit crazy to me, and we've touched on wills before,

478
00:22:22,160 --> 00:22:25,600
Speaker 2: and we've said it's up to the person passing what

479
00:22:25,800 --> 00:22:28,920
Speaker 2: they do with their assets their life's work. Then whatever,

480
00:22:29,240 --> 00:22:31,520
Speaker 2: if they want to split it evenly, if they want

481
00:22:31,560 --> 00:22:33,680
Speaker 2: to divvy it up percentage base, if they want to

482
00:22:33,680 --> 00:22:35,520
Speaker 2: donate it all to the Lost Dogs Home, like it

483
00:22:35,640 --> 00:22:37,840
Speaker 2: is totally up to them what they want to do

484
00:22:37,960 --> 00:22:41,840
Speaker 2: with their money. I can understand that you feel this way.

485
00:22:41,920 --> 00:22:45,280
Speaker 2: You've raised this conversation. You're entitled to raise the conversation.

486
00:22:45,840 --> 00:22:48,120
Speaker 2: But if your mum has then said no, I don't

487
00:22:48,160 --> 00:22:51,080
Speaker 2: want to do that, who are you to tell her otherwise?

488
00:22:52,040 --> 00:22:55,480
Speaker 2: I think the unfortunate thing is is that if your

489
00:22:55,560 --> 00:22:58,320
Speaker 2: needs have all been met, you know, you were raised

490
00:22:58,359 --> 00:23:01,800
Speaker 2: with everything that you needed. Your parents provided you a

491
00:23:01,920 --> 00:23:05,760
Speaker 2: roof over your head and food, maybe they helped with school,

492
00:23:05,960 --> 00:23:08,639
Speaker 2: I don't know. Whatever, if they met all of your needs,

493
00:23:09,680 --> 00:23:12,680
Speaker 2: that's kind of where their obligations end. And I guess

494
00:23:12,720 --> 00:23:15,080
Speaker 2: that's a whole bigger conversation around it. When you bring

495
00:23:15,080 --> 00:23:16,639
Speaker 2: a child into the world, what are your responsibilities?

496
00:23:16,680 --> 00:23:17,280
Speaker 3: Da da da dah.

497
00:23:18,040 --> 00:23:21,679
Speaker 2: But they've done their job, and I guess they are

498
00:23:21,720 --> 00:23:24,040
Speaker 2: going above and beyond for your sibling. And I fully

499
00:23:24,119 --> 00:23:26,879
Speaker 2: acknowledge that that would be really frustrating to observe. And

500
00:23:27,160 --> 00:23:28,920
Speaker 2: it kind of sucks because you're like, well, I would

501
00:23:29,000 --> 00:23:31,920
Speaker 2: use that money too, but you're not entitled to it,

502
00:23:33,000 --> 00:23:35,880
Speaker 2: and it is it feels like kind of a jerk

503
00:23:36,000 --> 00:23:39,200
Speaker 2: move to say, hey, mom, when you die, I want

504
00:23:39,320 --> 00:23:41,320
Speaker 2: more of your money than my sibling because you've like

505
00:23:41,400 --> 00:23:44,720
Speaker 2: it just feels yo like I don't like it. It

506
00:23:44,800 --> 00:23:46,120
Speaker 2: makes me very uncomfortable.

507
00:23:46,640 --> 00:23:47,119
Speaker 3: I agree.

508
00:23:47,280 --> 00:23:51,520
Speaker 2: I see how your path of logic took you. Yes, yes,

509
00:23:51,880 --> 00:23:55,040
Speaker 2: but also like if you raise that conversation and you

510
00:23:55,119 --> 00:23:56,920
Speaker 2: know you've had it and your mamma said, well, this

511
00:23:57,000 --> 00:23:59,760
Speaker 2: is how I feel, who are you to hammer it down?

512
00:24:01,080 --> 00:24:02,399
Speaker 2: Is kind of how I feel about it.

513
00:24:02,640 --> 00:24:02,840
Speaker 3: Yeah.

514
00:24:03,320 --> 00:24:04,919
Speaker 2: Yeah, And I know that that might not be very

515
00:24:04,960 --> 00:24:08,560
Speaker 2: fair or very equitable, but that is honestly, just truthfully

516
00:24:08,560 --> 00:24:09,080
Speaker 2: how I feel.

517
00:24:09,280 --> 00:24:11,920
Speaker 3: Yeah, I do agree with that. Yeah, I just think

518
00:24:12,600 --> 00:24:15,600
Speaker 3: be grateful that you don't need it, but yeah, if

519
00:24:15,640 --> 00:24:17,560
Speaker 3: you ever do, I'm sure it will be there. In

520
00:24:17,680 --> 00:24:20,520
Speaker 3: saying that, in case you're listening and you're like very sad,

521
00:24:21,240 --> 00:24:23,920
Speaker 3: we understand how you got there, definitely, and so, but

522
00:24:24,119 --> 00:24:26,199
Speaker 3: just offering another perspective.

523
00:24:25,920 --> 00:24:27,920
Speaker 2: Yeah, we did get a lot of other perspectives. From

524
00:24:28,119 --> 00:24:31,680
Speaker 2: the community on Instagram as well, So we obviously popped

525
00:24:31,720 --> 00:24:33,719
Speaker 2: up the dilemma, and then we said, if one sibling

526
00:24:33,760 --> 00:24:36,840
Speaker 2: has received more financial help during life, should that be

527
00:24:36,920 --> 00:24:39,680
Speaker 2: factored into the will. I found this very interesting. Fifty

528
00:24:39,760 --> 00:24:42,280
Speaker 2: nine percent of people said yes, it should, just forty

529
00:24:42,320 --> 00:24:44,000
Speaker 2: one percent of people said no.

530
00:24:44,760 --> 00:24:46,640
Speaker 3: Okay, Then we hens yeah.

531
00:24:47,320 --> 00:24:49,440
Speaker 2: Then we said, how would you approach this conversation with

532
00:24:49,600 --> 00:24:52,560
Speaker 2: your mum without it turning into conflict. Fifty eight percent

533
00:24:52,600 --> 00:24:54,760
Speaker 2: of people said I would have an honest chat and

534
00:24:54,880 --> 00:24:58,600
Speaker 2: explain my feelings, thirty six percent of people said honestly,

535
00:24:58,800 --> 00:25:02,000
Speaker 2: I'd avoid it altogether, and six percent of people said

536
00:25:02,040 --> 00:25:04,920
Speaker 2: I would bring in a third party like a financial advisor.

537
00:25:05,640 --> 00:25:07,320
Speaker 2: I don't know that a financial advisor would really be

538
00:25:07,400 --> 00:25:10,080
Speaker 2: much help in this situation. No, it's more like this

539
00:25:10,200 --> 00:25:11,119
Speaker 2: is a moral dilemma.

540
00:25:12,000 --> 00:25:12,200
Speaker 3: Yeah.

541
00:25:12,600 --> 00:25:14,639
Speaker 2: Yeah, Then, of course, as always, we said what is

542
00:25:14,680 --> 00:25:18,040
Speaker 2: your two cents, and we got heaps of responses. First

543
00:25:18,080 --> 00:25:21,399
Speaker 2: person said it's your parents' money, not yours, which I

544
00:25:21,520 --> 00:25:23,199
Speaker 2: agree with. But then on the flip side, somebody else

545
00:25:23,200 --> 00:25:26,440
Speaker 2: said help should be equitable, which I think is a

546
00:25:26,520 --> 00:25:32,119
Speaker 2: really interesting concept because equity, not a quality. Equity is

547
00:25:32,119 --> 00:25:34,920
Speaker 2: the concept of everybody receiving what they need to put

548
00:25:34,960 --> 00:25:35,960
Speaker 2: them on an equal footing.

549
00:25:36,119 --> 00:25:37,280
Speaker 3: Yes, yes, totally.

550
00:25:37,560 --> 00:25:39,560
Speaker 2: And so if we both needed to buy something it

551
00:25:39,600 --> 00:25:41,960
Speaker 2: was one hundred dollars and I had ninety dollars and

552
00:25:42,040 --> 00:25:45,560
Speaker 2: Beck had fifty, equity would be me receiving ten dollars

553
00:25:46,160 --> 00:25:48,560
Speaker 2: and Beck receiving fifty. So we both meet the needs

554
00:25:48,600 --> 00:25:52,280
Speaker 2: that we have, we've got equal opportunity. I think I'm

555
00:25:52,280 --> 00:25:53,960
Speaker 2: explaining I hope I'm explaining it correctally.

556
00:25:54,200 --> 00:25:54,720
Speaker 3: No, totally.

557
00:25:54,920 --> 00:25:57,840
Speaker 2: So the idea of making help equitable is kind of

558
00:25:57,960 --> 00:26:00,840
Speaker 2: what has happened. It's the parent provider the support that

559
00:26:00,920 --> 00:26:03,720
Speaker 2: has been needed to that sibling that needed the help,

560
00:26:04,280 --> 00:26:07,280
Speaker 2: and then all of the siblings receiving the same amount

561
00:26:07,640 --> 00:26:11,000
Speaker 2: from the will itself. Yes, yes, I agree with this,

562
00:26:11,720 --> 00:26:14,880
Speaker 2: don't hey, just a little bit of clarity on the word.

563
00:26:15,240 --> 00:26:17,800
Speaker 2: Somebody else said she's not owned anything from her mum's will.

564
00:26:18,400 --> 00:26:20,840
Speaker 2: Somebody else, I think he's in a similar situation to

565
00:26:20,960 --> 00:26:22,960
Speaker 2: our listener. They said, if I bring up my parents

566
00:26:23,000 --> 00:26:25,480
Speaker 2: paying for everything for my sister and how that's harming

567
00:26:25,560 --> 00:26:30,560
Speaker 2: her independence, I get called jealous, which I guess. There

568
00:26:30,680 --> 00:26:34,280
Speaker 2: is a conversation to be had around why does the

569
00:26:34,320 --> 00:26:37,560
Speaker 2: sibling need help. Yeah, you know, and is that financial

570
00:26:37,600 --> 00:26:40,760
Speaker 2: support enabling poor behavior of poor choices? But again, that's

571
00:26:40,800 --> 00:26:43,399
Speaker 2: not your choice. Ultimately, that's the mum's choice.

572
00:26:43,520 --> 00:26:43,720
Speaker 3: Yeah.

573
00:26:44,720 --> 00:26:46,600
Speaker 2: Somebody else has said it's not your will and therefore

574
00:26:46,640 --> 00:26:50,120
Speaker 2: it's not your business. Someone said, why are you thinking

575
00:26:50,160 --> 00:26:52,600
Speaker 2: about a will? It's her money and let her spend it.

576
00:26:52,880 --> 00:26:55,280
Speaker 2: You shouldn't be getting any which is an aggressive take,

577
00:26:55,359 --> 00:26:58,240
Speaker 2: but I can understand. Someone else has said parents have

578
00:26:58,280 --> 00:26:59,720
Speaker 2: worked hard for their money and they should be able

579
00:26:59,760 --> 00:27:00,640
Speaker 2: to do with it what they want.

580
00:27:00,800 --> 00:27:02,280
Speaker 3: Yes, very true, which I agree with.

581
00:27:03,119 --> 00:27:05,320
Speaker 2: On the flip side. Every now and then there's Peppert

582
00:27:05,359 --> 00:27:08,920
Speaker 2: in an alternative perspective, someone said, keep records and lawyer

583
00:27:09,040 --> 00:27:11,560
Speaker 2: up when the will gets enforced, or have an awkward

584
00:27:11,640 --> 00:27:15,400
Speaker 2: conversation now Yeah, okay, So it sounds like they would

585
00:27:15,440 --> 00:27:18,160
Speaker 2: be pursuing it either way, and they're saying, we'll having

586
00:27:18,200 --> 00:27:24,040
Speaker 2: the conversation now is less painful, arguably than going through

587
00:27:24,080 --> 00:27:26,160
Speaker 2: the drama of lawyers in court and all those sorts

588
00:27:26,200 --> 00:27:26,480
Speaker 2: of things.

589
00:27:26,520 --> 00:27:26,960
Speaker 3: That's true.

590
00:27:27,840 --> 00:27:29,840
Speaker 2: Somebody said people need to stop thinking about the money

591
00:27:30,200 --> 00:27:32,840
Speaker 2: of any inheritance is theirs. If you receive it, great,

592
00:27:33,000 --> 00:27:35,320
Speaker 2: it should be a bonus which I think is very

593
00:27:35,400 --> 00:27:37,920
Speaker 2: much how I feel about these type of things. This

594
00:27:38,080 --> 00:27:41,199
Speaker 2: one is a three parter. Part one says parents can

595
00:27:41,280 --> 00:27:44,320
Speaker 2: do with their money what they want unless they're genuinely

596
00:27:44,400 --> 00:27:47,880
Speaker 2: treating each child differently than there would be an issue. Also,

597
00:27:47,960 --> 00:27:50,080
Speaker 2: if you're jealous or you feel like you deserve money,

598
00:27:50,320 --> 00:27:52,320
Speaker 2: then ask them to pay for your fuel or go

599
00:27:52,440 --> 00:27:54,720
Speaker 2: on a holiday with your mum or something of that nature.

600
00:27:55,080 --> 00:27:57,960
Speaker 2: Someone said, is everything split equally? It's a lot of

601
00:27:58,000 --> 00:28:02,880
Speaker 2: pressure on the local fil Is it really fair and equal? Yes,

602
00:28:03,320 --> 00:28:05,199
Speaker 2: which I think is a good point. Is that sibling

603
00:28:05,280 --> 00:28:07,920
Speaker 2: doing additional things to help out? Are they providing assistance

604
00:28:07,960 --> 00:28:08,560
Speaker 2: of some sort?

605
00:28:08,720 --> 00:28:09,480
Speaker 3: That's very true.

606
00:28:09,760 --> 00:28:11,480
Speaker 2: And the last one that I want to leave it

607
00:28:11,600 --> 00:28:14,320
Speaker 2: on is that money could be life changing for the

608
00:28:14,359 --> 00:28:17,320
Speaker 2: sibling that needs help and financially put her ahead so

609
00:28:17,440 --> 00:28:19,200
Speaker 2: that she can be Okay.

610
00:28:19,280 --> 00:28:21,200
Speaker 3: Yes, I agree, And I just think if someone offered you,

611
00:28:21,440 --> 00:28:23,480
Speaker 3: I'll give you a hundred thousand dollars. But you just

612
00:28:23,560 --> 00:28:25,600
Speaker 3: have to be a little bit like maybe you need

613
00:28:25,640 --> 00:28:27,680
Speaker 3: to struggle with your mental health, maybe need to be

614
00:28:27,760 --> 00:28:30,280
Speaker 3: a little bit more dependent on your parents, like your

615
00:28:30,320 --> 00:28:32,440
Speaker 3: independence right now as you know, it is like God,

616
00:28:32,560 --> 00:28:35,720
Speaker 3: It's like if you would just swap places. Maybe you

617
00:28:35,720 --> 00:28:37,720
Speaker 3: would be like, oh, actually I would rather not have

618
00:28:37,880 --> 00:28:40,360
Speaker 3: that help and be the person I am today.

619
00:28:40,640 --> 00:28:40,800
Speaker 1: You know.

620
00:28:41,000 --> 00:28:43,200
Speaker 3: So, I mean, who knows it's going on, But yeah,

621
00:28:43,600 --> 00:28:46,120
Speaker 3: I can see everyone's side. Lead with kindness.

622
00:28:46,720 --> 00:28:48,480
Speaker 2: Lead with kindness, I think is such a big one.

623
00:28:48,680 --> 00:28:51,240
Speaker 2: You know, the feelings are understandable. I think we're both

624
00:28:51,280 --> 00:28:53,080
Speaker 2: sitting here saying we can see how you got to

625
00:28:53,160 --> 00:28:55,480
Speaker 2: the place you've got to. Yes, But at the same time,

626
00:28:56,280 --> 00:29:00,400
Speaker 2: it's not your money, it's not your life. Yeah you think, Yeah,

627
00:29:00,880 --> 00:29:03,760
Speaker 2: kindness compassion goes a long way. It really does.

628
00:29:03,920 --> 00:29:06,280
Speaker 3: Absolutely the second one of the day, Yeah, second one

629
00:29:06,320 --> 00:29:07,120
Speaker 3: of the day. Let us go.

630
00:29:07,400 --> 00:29:09,800
Speaker 2: Well, thank you everybody for sharing your two times with us.

631
00:29:09,920 --> 00:29:12,840
Speaker 2: If you would like to participate in our weekly dilemmas

632
00:29:12,920 --> 00:29:14,920
Speaker 2: follows on Instagram. We share them on our Instagram stories

633
00:29:14,960 --> 00:29:17,000
Speaker 2: every single week. If you're not in the Facebook group

634
00:29:17,040 --> 00:29:19,560
Speaker 2: as well, join them. That's where we post the Moneymin's thread,

635
00:29:19,600 --> 00:29:22,000
Speaker 2: the broke tips thread, all kinds of fun things. There's

636
00:29:22,040 --> 00:29:23,680
Speaker 2: lots of shoes and the money is kicking around with

637
00:29:23,760 --> 00:29:27,720
Speaker 2: great ideas. But until Monday, when Victoria will see you next,

638
00:29:28,040 --> 00:29:28,880
Speaker 2: have a beautiful weekend.

639
00:29:29,240 --> 00:29:30,120
Speaker 3: By guys Hi.

640
00:29:34,360 --> 00:29:36,880
Speaker 4: The advice sheared on Shees on the Money is general

641
00:29:36,960 --> 00:29:40,800
Speaker 4: in nature and does not consider your individual circumstances. She's

642
00:29:40,840 --> 00:29:44,280
Speaker 4: on the Money exists purely for educational purposes and should

643
00:29:44,360 --> 00:29:47,520
Speaker 4: not be relied upon to make an investment or financial decision.

644
00:29:47,880 --> 00:29:50,320
Speaker 4: If you do choose to buy a financial product, read

645
00:29:50,360 --> 00:29:54,480
Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards

646
00:29:54,560 --> 00:29:57,800
Speaker 4: your needs. Victoria Divine and She's on the Money are

647
00:29:57,880 --> 00:30:01,120
Speaker 4: authorized representatives of money up A p T Y L

648
00:30:01,240 --> 00:30:03,800
Speaker 4: t D A b N three two one six four

649
00:30:03,920 --> 00:30:06,880
Speaker 4: nine two seven seven zero eight A F s L

650
00:30:07,040 --> 00:30:08,760
Speaker 4: four five one two eight nine