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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.

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Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and

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Speaker 1: the storytelling of you to make a difference for today

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Speaker 1: and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money. She's on the Money.

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Speaker 4: Hello, and welcome to She's on the Money, the podcast

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Speaker 4: for millennials who want financial freedom. Today, my friends, is Friday,

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Speaker 4: which means it is time to sit back with the

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Speaker 4: girls with a bevy in hand, to unpack our favorite

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Speaker 4: moments of the week and of course, to celebrate you,

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Speaker 4: our incredible She's on the Money community. As always, we're

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Speaker 4: going to be sharing our favorite money wins, We're going

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Speaker 4: to discuss what's making news in the finance world, and

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Speaker 4: we're going to be helping to answer a ducy money question,

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Speaker 4: which this week is all about sharing finances for the

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Speaker 4: very first time with a partner. But first it is

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Speaker 4: time as always because if anything, we are predictable to

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Speaker 4: recap the week that was, Miss jesse Garci talk to

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Speaker 4: us about Monday's Money Diary episode.

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Speaker 5: Our money diarist on Monday was such a boss. She

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Speaker 5: is a paralegal full time, but she has her own

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Speaker 5: lounge web business on the side and she was making

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Speaker 5: some good money and she was telling us all about

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Speaker 5: how she got started by doing these business collaborations with

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Speaker 5: people she really looked up to. And it was super

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Speaker 5: impressive because I was like, oh, how did you do that?

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Speaker 5: Because a lot of people in our community have businesses

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Speaker 5: and side hustles. I bet they want to know. And

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Speaker 5: she's like, oh, I just like someone and I just

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Speaker 5: reached out. I was like, Hey, what up, can we

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Speaker 5: do a thing? And I was like, girl, like very

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Speaker 5: impressive and a very good example. I think, you know,

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Speaker 5: not everyone will have the time to do that, because

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Speaker 5: I know that we get messages from people sometimes wanting

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Speaker 5: to intern, and you know, someone has to have link

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Speaker 5: to intern, and you imagine we know we at least

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Speaker 5: right now, don't have the capacity to nurture someone we

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Speaker 5: don't have.

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Speaker 4: The time or energy to give them what they deserve.

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Speaker 4: And I think that there's a really special place in hell,

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Speaker 4: Jess for people who take on interns as a way

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Speaker 4: to just get them to do like unpaid free admin work,

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Speaker 4: Like hey, George, come and work for Shees on the money,

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Speaker 4: you can just do our admin.

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Speaker 6: No.

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Speaker 4: I just I feel like that is taking me absolute mickey,

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Speaker 4: And while you get to put it on your resume,

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Speaker 4: it doesn't help anybody.

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Speaker 2: It's just it's a no from me.

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Speaker 4: So until we can have paid interns where we can

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Speaker 4: give them the time and energy and effort, because would

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Speaker 4: be so great, Jess, Like I reckon it'd be a

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Speaker 4: great of hiring, Like, hey, do you want to content

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Speaker 4: personal Let's get an intern, train them up, see how

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Speaker 4: good they are, and then they could convert into like

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Speaker 4: a full.

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Speaker 2: Time employee one day.

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Speaker 4: Like great strategy. Unfortunately, it's just too much time, energy

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Speaker 4: and effort.

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Speaker 2: Yeah, but I can see how.

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Speaker 5: You know, if you were wanting to reach out to someone,

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Speaker 5: you can kind of go, oh, what are the chances

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Speaker 5: that they'll get back to me? You know, reaching out

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Speaker 5: to someone that you really admire on the internet. So

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Speaker 5: I was super impressed that. She was just like, yeah,

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Speaker 5: well I just did it, and I gave it a

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Speaker 5: crack and I built a relationship and it worked for me.

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Speaker 5: So it was very very cool and very impressive to

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Speaker 5: hear how she you know, was really unhappy with her

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Speaker 5: work environment and she pivoted and you know, shifted into

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Speaker 5: something that now she's really in the driver's seat.

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Speaker 2: Of I am so in awe of her.

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Speaker 4: I messaged her after our interview and I was like,

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Speaker 4: a legit, I'm still not over this conversation. And she

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Speaker 4: was like really and I was like, yes, like you

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Speaker 4: are a hustler. She's a baby.

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Speaker 2: She's so young.

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Speaker 4: She's like twenty two, George.

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Speaker 2: Oh my god, really twenty two.

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Speaker 4: She's like a paralegal doing all of this lounge and

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Speaker 4: to degree as well.

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Speaker 2: At the same time, Yeah, what a queen.

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Speaker 4: I was actually in my DMS talking to the girls

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Speaker 4: from Ella K and they were like, we have just

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Speaker 4: finished this episode in the office.

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Speaker 2: Are you kidding? What a hustler?

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Speaker 4: And I was like exactly, So even a big lounge

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Speaker 4: wear active wear business, being like this woman's a queen,

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Speaker 4: I'm like, yeah, I know, so good. Anyway, moving on

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Speaker 4: from that, Miss Georgia King. Hello, ladies, there's no roll

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Speaker 4: of the tongue in your name, but tell us what

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Speaker 4: happened on Wednesday.

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Speaker 6: So on Wednesday, we spoke all about how to value

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Speaker 6: and pick individual shares. So we spoke about price to

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Speaker 6: earnings ratios, we spoke about No, it wasn't boring, it

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Speaker 6: was insightful. Oh, it was very deep.

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Speaker 2: It's so nice.

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Speaker 4: Is it nice way to reframe that jaw?

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Speaker 2: Well, it was.

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Speaker 6: I feel like it was kind of us taking the

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Speaker 6: next step because it was really detailed.

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Speaker 2: We got into the nuts and bolts.

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Speaker 6: We spoke about every acronym in finance.

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Speaker 4: You had to stop me. That originally was meant to

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Speaker 4: be one episode, Jess. And then halfway through George is like, Babe,

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Speaker 4: this ain't it.

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Speaker 2: Sit down.

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Speaker 4: We're going to make this one of us O and

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Speaker 4: then we'll come back to it later and do a

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Speaker 4: second episode because you're overwhelming me. And I was like, sorry, sorry,

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Speaker 4: I'm just excited.

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Speaker 6: Yeah, there's a lot in there, but I guess it

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Speaker 6: would be a really good episode for anyone who is

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Speaker 6: interested in taking more control of their investing journey, but

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Speaker 6: also for people who are just curious as to how

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Speaker 6: it all works and how day traders do their thing.

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Speaker 4: I think it's I think it's one of those topics

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Speaker 4: that I've wanted to talk about for so long. But

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Speaker 4: I would hate for you guys to misconstrue it as

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Speaker 4: advice to go and invest individually in shares. Ye, Like,

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Speaker 4: it's actually a bigger step than what you think it

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Speaker 4: is to go and individually invest and pick investments for yourself,

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Speaker 4: because it's just not as easy as people make it

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Speaker 4: out to be. So here are the things that if

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Speaker 4: you're going to go along that journey you should consider.

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Speaker 4: That's also why we did that recap a while ago

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Speaker 4: that Jess begged us to do about the different investing

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Speaker 4: platforms that exist, because they would hate for you to

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Speaker 4: think that those are the two options, like investing directing

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Speaker 4: shares or seeing a financial advisor. It's like, no, there's

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Speaker 4: lots of different options, like they're ETFs, or there are

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Speaker 4: managed funds, or you could go and get some robo advice,

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Speaker 4: could go find a micro investing platform. So there's a

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Speaker 4: plethora of options out there. But this specifically was, Hey, Jess,

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Speaker 4: if you want to directly invest in shares, here's how

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Speaker 4: we would review it. As a financial advisor, and some

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Speaker 4: things you should take into consideration because you know, in

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Speaker 4: the lead up to my investing book coming out, I'm

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Speaker 4: very passionate about investing content at the moment, but I

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Speaker 4: just think these are things you should know if that's

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Speaker 4: the path you're willing to take, because how many of

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Speaker 4: us have downloaded a platform and be like, great, I'll

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Speaker 4: just go buy individual shares. But then when I ask

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Speaker 4: you how you made that decision, You're like, I don't know.

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Speaker 4: I just thought they were a good business. Yeah, this

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Speaker 4: episode tells you how to tell yourself whether you think

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Speaker 4: they're a good business or not.

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Speaker 2: There we go, so yeah, hopefully you guys enjoyed it all.

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Speaker 4: Right, Well, now, guys, I think it's time to roll

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Speaker 4: straight on into some of our budget direct money wins.

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Speaker 4: Georgia King, what are you putting on the table this week?

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Speaker 6: Some crackers this week, ladies. There's a bit of variety

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Speaker 6: in there. We've got some general wins. We've got some

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Speaker 6: wedding related wins, Peterral related wins, So brace yourself.

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Speaker 4: Locy off topic. I have just started getting wedding anxiety.

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Speaker 2: Because he's coming up, mate, less.

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Speaker 4: Than one hundred days before I get married. Oh oh,

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Speaker 4: hopefully going to be some money losses from me.

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Speaker 6: Alrighty guys. The first win comes from Courtney Warm Fuzzy Win.

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Speaker 6: I signed up for my company's charity program where I

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Speaker 6: donate some of my pre tax paid to an organization

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Speaker 6: and they'll match the contribution and pay for the admin fees.

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Speaker 6: I'll now regularly donate to four charities aligned to my

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Speaker 6: values while also giving me a little tax benefit.

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Speaker 2: How very nice.

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Speaker 4: I also love that salary matching, Like that's so cute.

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Speaker 2: That's so sweet because.

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Speaker 4: It's kind of like, hey, George HAYJS, like we see

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Speaker 4: that this is important to you, so we'll double your money.

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Speaker 4: Like I'm way more likely to do that because I

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Speaker 4: feel like I've got even more power and even more

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Speaker 4: in hundred percent.

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Speaker 6: Yeah, it's good because love it, love it while Doune

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Speaker 6: Courtney ow. The next win comes from Bianca Money Win.

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Speaker 6: I recently signed up to Perkle and was offered two

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Speaker 6: complimentary tickets to take the Gang of Youth's gig. It

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Speaker 6: was a very unexpected perk, but a happy one.

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Speaker 2: Heard of Purkle.

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Speaker 5: I don't know what it is, but it sounds really fun.

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Speaker 5: Is a good name hercle.

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Speaker 2: I live under a rock. Whats gang of VIDs? Let

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Speaker 2: me down easy? You know that's not I'm dancing. Didn't

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Speaker 2: move on the next win.

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Speaker 4: I kind of looked at it later though, because I

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Speaker 4: feel like I'm under a rock.

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Speaker 6: The next wink comes from Alicia money Win. On Friday night,

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Speaker 6: I lost my ticket in the undercover parking, so I

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Speaker 6: thought I was going to have to pay eighty dollars.

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Speaker 6: That the lovely girls at the boom gate let me

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Speaker 6: out for free, so I didn't have to pay.

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Speaker 2: For any parking for the whole night. And it's that whim.

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Speaker 4: Our local supermarket had their boom gate broken the other.

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Speaker 2: Day, so straight on out my line. We love listen

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Speaker 2: up v Because this is the wedding related I.

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Speaker 4: Don't know if I want to hear it my anxieties

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Speaker 4: through the roof at the moment.

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Speaker 6: The first one comes from Rihanna. I found my wedding

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Speaker 6: dress by accident at DFO last weekend while not even

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Speaker 6: looking to buy anything. What the original wedding I wanted

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Speaker 6: was seven and a half grand, but the one I

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Speaker 6: bought on the weekend was three hundred and fifty dollars,

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Speaker 6: down from five hundred dollars at review. It fits me

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Speaker 6: perfectly and is so beautiful on It was also the

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Speaker 6: only wedding dress in the store, so I felt like

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Speaker 6: it was meant to be. Oh, congratulations, I have the

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Speaker 6: money loss because I bought a dress, you know how.

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Speaker 6: I was like, oh my gosh, guys, I'm gonna buy

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Speaker 6: it off Still White, like I'm gonna get a secondhand dress.

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Speaker 6: Well I did, and then it came and it doesn't

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Speaker 6: fit me. Well, I mean it's a size maybe like

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Speaker 6: a size and a half smaller. Jess, you've seen it,

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Speaker 6: you lucky duck, but it is probably your size and

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Speaker 6: a half smaller than what I am right now, Okay.

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Speaker 6: And so I was like, all right, I'm gonna do

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Speaker 6: the bride thing. I'm gonna lose weight. And then I

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Speaker 6: reframed it and was like I should not be losing

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Speaker 6: weight before my wedding. Like I am fine. So we

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Speaker 6: have gone back to the drawing board. That dress will

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Speaker 6: go straight back on Still White, but money loss. I

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Speaker 6: have picked a more expensive dress that is not from

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Speaker 6: Still White because I wanted, you know, not to run

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Speaker 6: into that problem again because it made me, you feel

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Speaker 6: really trashy, would you been trashy, like it made me

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Speaker 6: feel awful that I got a dress and I didn't

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Speaker 6: fit into it, and then I was trying to conform

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Speaker 6: to fitting in this dress and thinking about diets, and

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Speaker 6: it just was like a really slip pre slope for me.

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Speaker 6: Diets and eating can be a really slip preslope, and

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Speaker 6: I didn't want to fall into it. Actually, there's an

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Speaker 6: episode coming out literally today because Today's Friday would have

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Speaker 6: come out at six am on a Healthy Shift podcast

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Speaker 6: with our friend Roger, who we spoke about literally last

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Speaker 6: week on the podcast not Obsessed. I promise he just

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Speaker 6: has good content, but I actually talk about my entire

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Speaker 6: journey around my disordered eating and stuff like that. So

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Speaker 6: that might be a good listen if you guys are

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Speaker 6: keen to absorb some more content that's not finance related.

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Speaker 6: Definitely lovey. I'm moving on Good Shout the next week.

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Speaker 6: It comes from Abbey. I'm a bridesmaid at my friend's

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Speaker 6: wedding at the end of this year. The bridesmaid's dress

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Speaker 6: I'm buying is three hundred and eighty dollars. So I

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Speaker 6: decided to take a little look on Facebook marketplace for

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Speaker 6: the dress, and I found the exact one, and as

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Speaker 6: in my size and the color, shit I need one

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Speaker 6: hundred and sixty dollars money were than half price. The

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Speaker 6: lady was also just down the road, which made the

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Speaker 6: pick up easy, and she'd also only want the dress

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Speaker 6: for three hours.

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Speaker 4: Would have wanted as a bridesmaids, that's a.

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Speaker 5: Really good idea, Abby, I would say, once you've worn it,

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Speaker 5: do the same thing. You literally wear it and then

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Speaker 5: put it back up on face with markets so what.

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Speaker 4: You paid to someone else would be really happy to

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Speaker 4: do that one for six hours. Also random side note,

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Speaker 4: I'm going through this at the moment because I am

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Speaker 4: about to get married.

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Speaker 2: Haha.

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Speaker 4: We're going to keep talking about should bridesmaids pay for

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Speaker 4: their own dresses?

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Speaker 2: Guys?

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Speaker 4: Is this a spicy conversation?

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Speaker 5: I personally would not ask my bridesmaids to pay for

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Speaker 5: their dresses unless it was like a situation where I've gone, oh,

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Speaker 5: I just want you to wear something that you have, Like,

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Speaker 5: you know, here's a color. You all have a white

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Speaker 5: dress where your white dress were black dress that your favor, yeah,

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Speaker 5: your favorite one or whatever. But I know that it's

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Speaker 5: very common like most bridesmaids I think do. But weddings

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Speaker 5: are expensive, like think are so expensive, and it adds up. Yeah,

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Speaker 5: like we've got your hens coming up and we have

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Speaker 5: a different things, and like I'm not in the bridal party,

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Speaker 5: and even I can go, oh, I can see how

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Speaker 5: people who are. It adds up really quickly because then

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Speaker 5: you've got shoes and you've got maids.

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Speaker 2: Well whatever, a.

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Speaker 4: Disclaimer, And I'm paying for everything for my bridesmaids, and

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Speaker 4: I feel very privileged that that is a position I'm

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Speaker 4: in where I go, no, like, guys, I've got three bridesmaids.

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Speaker 4: I've got my sister and my two best friends, and

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Speaker 4: I'm just like, I really don't want you to be

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Speaker 4: financially out for this. I will pay for it all.

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Speaker 4: But it's adding up so quickly. So I can see

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Speaker 4: why people who are bridesmaids are turning around going oh,

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Speaker 4: I don't want to do it, because in my head

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Speaker 4: I was like, oh, why would you say no.

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Speaker 2: It's just a dress.

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Speaker 4: But then it's the dress, it's the shoes. You know,

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Speaker 4: we're booking professional hair and makeup. I'm talking to the

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Speaker 4: girls about their nails and I'm like, Okay, let's go

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Speaker 4: get our nails done altogether, I want to make sure

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Speaker 4: that that's covered and they're not out at all for

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Speaker 4: anything wedding related, because I'm like, that's my day. Why

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Speaker 4: would you spend your money on my wedding? But it's

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Speaker 4: I think it's different for everybody because then if I

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Speaker 4: wasn't in the financial position to go, all right, guys,

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Speaker 4: I'm going to pay for your dresses, I just feel

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Speaker 4: I don't know, you never know.

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Speaker 5: I think it's had the expectations by like Abby was

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Speaker 5: saying that the dress of the bride picked was almost

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Speaker 5: four hundred dollars. Yes, I think that if you're expecting

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Speaker 5: someone to me pay for it, because I mean, realistically,

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Speaker 5: a lot of us, if we were going to a

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Speaker 5: wedding would potentially buy a dress anyway. But I think

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Speaker 5: if you're asking someone to buy something, there are so

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Speaker 5: many stores that do beautiful dresses that are around one

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Speaker 5: hundred dollar mark, which is still a lot of money,

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Speaker 5: but it's you know, almost a quarter of what she

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Speaker 5: was expected to spend. But yeah, it's a really hard

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Speaker 5: one because in my mind's your bridesmaids are doing you

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Speaker 5: a favor, right, Like they're the ones that take on

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Speaker 5: all of the organizational responsibilities.

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Speaker 2: And stuff, so it's kind.

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Speaker 5: Of like you're asking them to pay for the privilege

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Speaker 5: of being there with you. Yeah, but again, like I've

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Speaker 5: never been wearing I know that's traditionally how it is,

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Speaker 5: but it's just probably not the way that I would

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Speaker 5: do things.

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Speaker 2: But so personal, you know when it comes to stuff

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Speaker 2: like I guess to flip side that.

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Speaker 4: I know this is a very tangent, but I think

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Speaker 4: it's really relevant at the moment. But I was a

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Speaker 4: bridesmaid recently for one of my good friend's weddings and

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Speaker 4: I was so excited, but the dress was on me

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Speaker 4: to purchase, and I was so fine with that because

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Speaker 4: she had said, look, this is the color I want,

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Speaker 4: don't mind what you wear. Can it be MIDI length

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Speaker 4: and this color. That's the brief she gave us. And

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Speaker 4: I was so happy to go with that because I

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Speaker 4: could pick anything. I mean, I wouldn't but I could

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Speaker 4: have gone and got a twelve dollar dress off sheene

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Speaker 4: and it would have fit the brief. Or I could

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Speaker 4: have gone and spent you know, six hundred dollars but

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Speaker 4: four hundred dollar dress, Like, I don't know if I'd

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Speaker 4: have the audacity to be like Jess can you please

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Speaker 4: spend four hundred dollars on this dress.

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Speaker 2: It's for me.

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Speaker 4: You're only gonna wear it once, and it will be

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Speaker 4: at my wedding. I just I don't know. It makes

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Speaker 4: me uncomfortable because I hate putting unnecessary financial pressure on

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Speaker 4: other people. But that's because I'm so aware.

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Speaker 2: I don't know.

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Speaker 4: Move on, give us another money win, Jking. Maybe we

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Speaker 4: do another podcast on wedding stuff where Victoria Rant's about

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Speaker 4: how much she's accidentally spent.

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Speaker 6: The last wedding win is from Test Money and Life

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Speaker 6: Mindset whin I went to a hen's party over the

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Speaker 6: weekend and wore something that I already had in my

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Speaker 6: wardrobe instead of buying a new outfit. I've got plenty

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Speaker 6: of compliments on the outfit, and I knew I would

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Speaker 6: be comfortable because I'd want it a thousand times Lo

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Speaker 6: it's that on Tess. I'm going to round us out

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Speaker 6: with a couple of wholesome petrol related wins. Petrol related

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Speaker 6: thing yep. The first one that comes from Nate money in.

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Speaker 6: My friend knows I'm saving up and being really frugal

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Speaker 6: with spending as I want to buy a home before Christmas.

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Speaker 6: I was going to watch the Rugby one day and

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Speaker 6: I asked her to drop me off in my car,

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Speaker 6: which had just under half a tank of fuel in it.

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Speaker 6: She goes on to explain why later on that day,

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Speaker 6: when I picked my car up, she'd filled it up.

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Speaker 6: I didn't ask you to do that, and she's like,

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Speaker 6: not exactly sure how much she put in, but she'd

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Speaker 6: gets around eighty dollars, which is just so nice when

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Speaker 6: your friends are helping around. Yeah, it's just kind. The

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Speaker 6: final one comes from Cody. It's a money loss, but

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Speaker 6: it's wholesome. I was lined up at the petrol station

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Speaker 6: and the young man in front of me had his

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Speaker 6: card declined, so I paid for his petrol. Felt so

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Speaker 6: good to do something so selfless, bless.

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Speaker 2: Really sweet.

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Speaker 4: I'm going to be friends with all We are friends

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Speaker 4: with all of them. I love this for us or Geking,

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Speaker 4: it has been great celebrating some of your budget Direct

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Speaker 4: money wins. Budget Direct winner of Canstars Insurer of the

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Speaker 4: Year Award twenty twenty two. Budget Direct Insurance Solved. Now

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Speaker 4: let's go to a really quick break because straight after

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Speaker 4: we're going to be talking about sharing money with a

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Speaker 4: partner for the very first time.

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Speaker 2: Don't go anywhere, all right, guys.

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Speaker 5: I was browsing the internet this week and I saw

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Speaker 5: a post from our friends at the Daily Os in

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Speaker 5: bright purple letters that really caught my attention, and it

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Speaker 5: said Australian house prices are falling in the fastest rate

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Speaker 5: since the GFC. Now, as a hopeful first home buyer,

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Speaker 5: you can bet I was like, what incredible news, amazing,

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Speaker 5: very exciting. Apparently, according to new data from core Logic,

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Speaker 5: house passes fell by one point three percent in the

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Speaker 5: month of July, and that's the third month in a

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Speaker 5: row that the prices have fallen.

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Speaker 3: For those of us.

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Speaker 5: In Melbourne it was one point five and in Sydney

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Speaker 5: it was two point two. But it was kind of

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Speaker 5: dropping right across the board, which sounds really exciting. However,

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Speaker 5: the reason that they're falling is because of the RBA rates,

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Speaker 5: which we have spoken about the last few weeks. They

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Speaker 5: did in fact increase again this week, and you know,

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Speaker 5: the outlook is pretty bleak in terms of it will

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Speaker 5: probably continue to do so. To very briefly rehap, that

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Speaker 5: means that interest rates are going up, the cost of

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Speaker 5: your mortgage is going up. Less people can afford houses

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Speaker 5: less competition in the market, prices are dropping. Am I

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Speaker 5: financial advice about maybe?

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Speaker 4: Right? That's right, all right, I am not needed here.

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Speaker 4: I'm just going to quit my job. Unnecessary addition to

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Speaker 4: this content, which is really it's just not relatable content.

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Speaker 4: But I did find it funny because that housing price

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Speaker 4: drop is like, wow, that's really big. But in more

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Speaker 4: affluent suburbs at the moment, housing prices are absolutely plummeting,

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Speaker 4: and they're pretty worried about it because they're like, oh

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Speaker 4: my gosh, Like obviously when there's a big drop, when

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Speaker 4: your median house price is really high, I mean unrelatable

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Speaker 4: content because I would argue that if you're listening to

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Speaker 4: this podcast, you're not buying a ten million dollar property.

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Speaker 4: But we like to lie off at these things anyway.

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Speaker 4: But the biggest fall over this same period of time

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Speaker 4: just was actually in Turak, which are from your Melbourne

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Speaker 4: you know, Taurak Tura anywhere else Refancie. But the median

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Speaker 4: house price fell sixteen point nine percent over the first

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Speaker 4: half of the year till June, which now means that

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Speaker 4: the median house price interrek is four point five seven

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Speaker 4: million dollars, so affordable. But I was also like, imagine

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Speaker 4: how salty you'd be if your house price, if you

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Speaker 4: spent that much, dropped by sixteen point nine percent, I'd

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Speaker 4: be so salty.

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Speaker 2: Well, it's kind of that push and pull, isn't it.

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Speaker 5: Because if house prices are getting more affordable and you're

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Speaker 5: looking to buy, that's great. But if you're someone who

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Speaker 5: already owns a home and you're looking to maybe upgrade

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Speaker 5: or you know, get a bit of a sea change,

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Speaker 5: it means that you're more than likely selling at a

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Speaker 5: reduced value. So it kind of has impacts on both

438
00:18:51,520 --> 00:18:54,760
Speaker 5: ends of the spectrum. But the I wanted to ask,

439
00:18:54,880 --> 00:18:58,119
Speaker 5: do you think this is going to continue and ultimately

440
00:18:58,680 --> 00:19:01,480
Speaker 5: is there something that people like should be excited about,

441
00:19:01,760 --> 00:19:03,480
Speaker 5: or you know, do we have to take it with

442
00:19:03,520 --> 00:19:05,440
Speaker 5: a little bit of a grain of salt with all

443
00:19:05,480 --> 00:19:07,120
Speaker 5: of the other things that are going on right now.

444
00:19:07,160 --> 00:19:08,520
Speaker 4: Look, at the end of the day, we should take

445
00:19:08,560 --> 00:19:10,879
Speaker 4: everything with a grain of salt because where we're getting

446
00:19:10,880 --> 00:19:14,159
Speaker 4: our information is the media, and the media hosts headlines

447
00:19:14,240 --> 00:19:16,240
Speaker 4: to make you emotionally respond to that and click on

448
00:19:16,280 --> 00:19:19,080
Speaker 4: it and read their article. Right, So achieved, Yeah, it worked,

449
00:19:19,119 --> 00:19:21,520
Speaker 4: So you didn't just click the article. Jess you literally

450
00:19:21,560 --> 00:19:23,240
Speaker 4: brought it to the sheese on the money table, and

451
00:19:23,280 --> 00:19:25,960
Speaker 4: you're like, I'm self freaked out right now. At the

452
00:19:26,040 --> 00:19:29,119
Speaker 4: end of the day, the RBA increases to interest rates

453
00:19:29,160 --> 00:19:31,679
Speaker 4: means that home buyers who bought the peak are facing

454
00:19:31,840 --> 00:19:36,119
Speaker 4: rapidly increasing interest rate rises, and a lot of people

455
00:19:36,240 --> 00:19:39,200
Speaker 4: were really worried that the peak wasn't actually the peak.

456
00:19:39,520 --> 00:19:41,760
Speaker 4: So this makes me a little bit uncomfortable because let's

457
00:19:41,840 --> 00:19:45,480
Speaker 4: hypothetically say, yes, you stretch your budget to get to

458
00:19:45,520 --> 00:19:48,080
Speaker 4: the top of your budget when you bought. You're like,

459
00:19:48,119 --> 00:19:50,240
Speaker 4: it's all right in the market, and you and I

460
00:19:50,320 --> 00:19:53,119
Speaker 4: were talking about this thing, right, No, but you and

461
00:19:53,119 --> 00:19:55,080
Speaker 4: I were talking about this and we weren't even no

462
00:19:55,080 --> 00:19:57,520
Speaker 4: one knew that it was the peak. Now it's coming

463
00:19:57,520 --> 00:19:59,960
Speaker 4: off a bit, You're like, I'm actually really glad because

464
00:20:00,119 --> 00:20:03,000
Speaker 4: your interest rate is going to increase on an arguably

465
00:20:03,040 --> 00:20:06,000
Speaker 4: bigger mortgage than what you could afford today. So for

466
00:20:06,080 --> 00:20:08,000
Speaker 4: some people it's going to mean a little bit of

467
00:20:08,040 --> 00:20:10,359
Speaker 4: an extra squeeze. That's going to mean having to redo

468
00:20:10,400 --> 00:20:12,399
Speaker 4: your budgets and you know, maybe cut out some of

469
00:20:12,480 --> 00:20:16,159
Speaker 4: life's luxuries that you were previously able to afford. Because

470
00:20:16,200 --> 00:20:21,159
Speaker 4: the RBA increase is reflective of CPI increasing. CPI is

471
00:20:21,200 --> 00:20:24,720
Speaker 4: consumer Price Index, which is the rate of inflation here

472
00:20:24,720 --> 00:20:27,160
Speaker 4: in Australia, and if we look at the rate of inflation.

473
00:20:27,400 --> 00:20:29,480
Speaker 4: I was actually working with you know Square, like those

474
00:20:29,520 --> 00:20:32,600
Speaker 4: Square readers when yeah, I'm obsessed with them. So I

475
00:20:32,640 --> 00:20:34,560
Speaker 4: was working with Square and we have recently had a

476
00:20:34,560 --> 00:20:36,760
Speaker 4: blog come out about it, and in that I talked

477
00:20:36,760 --> 00:20:39,800
Speaker 4: about the consumer Price Index but it has increased by

478
00:20:39,920 --> 00:20:43,119
Speaker 4: six point one percent over the last year. So if

479
00:20:43,119 --> 00:20:44,480
Speaker 4: you look at it and go, all right, well, not

480
00:20:44,520 --> 00:20:47,240
Speaker 4: really sure what that means, Well, Jess, that means that

481
00:20:47,280 --> 00:20:49,840
Speaker 4: your grocery is on average costing six point one percent

482
00:20:49,920 --> 00:20:52,639
Speaker 4: more than they were last year. And I know for

483
00:20:52,720 --> 00:20:54,879
Speaker 4: a fact that if I asked you right now, are

484
00:20:54,880 --> 00:20:56,919
Speaker 4: you feeling that? I know you are because we're talking

485
00:20:56,920 --> 00:20:59,080
Speaker 4: about yeah, like are you finding the same jobs?

486
00:20:59,080 --> 00:21:01,320
Speaker 6: Oh my god, one hund You have to be so

487
00:21:01,400 --> 00:21:05,440
Speaker 6: much more organized about purchasing because everything is so expensive.

488
00:21:05,680 --> 00:21:08,600
Speaker 4: It just feels like an absolute raw right, Like I'm

489
00:21:08,640 --> 00:21:11,119
Speaker 4: looking at it as well, going well, like everything is

490
00:21:11,160 --> 00:21:13,880
Speaker 4: so much more expensive than it was this time last year,

491
00:21:14,240 --> 00:21:16,600
Speaker 4: Like you look at invoices or you look at you know,

492
00:21:16,680 --> 00:21:19,800
Speaker 4: my spending because like I am a pretty solid tracker

493
00:21:19,840 --> 00:21:22,320
Speaker 4: on my spreadsheets, I go, oh, this is way more,

494
00:21:22,560 --> 00:21:24,959
Speaker 4: and I would argue that I feel like it's more

495
00:21:25,000 --> 00:21:27,280
Speaker 4: than six point one percent on my groceries. Like I

496
00:21:27,280 --> 00:21:29,600
Speaker 4: mean that six point one percent is across the board,

497
00:21:29,880 --> 00:21:33,080
Speaker 4: but I feel like food and fuel has definitely increased

498
00:21:33,119 --> 00:21:35,320
Speaker 4: more than that. Which are things that we can't They're

499
00:21:35,320 --> 00:21:37,560
Speaker 4: not really in our control, right. It's not like, oh,

500
00:21:37,640 --> 00:21:40,000
Speaker 4: jes did you know the cost of movie tickets is increased?

501
00:21:40,000 --> 00:21:40,359
Speaker 5: Do you go?

502
00:21:40,440 --> 00:21:40,640
Speaker 2: Cool?

503
00:21:40,640 --> 00:21:43,240
Speaker 4: Well, I just won't go like you're gonna have to

504
00:21:43,280 --> 00:21:45,680
Speaker 4: buy food, We're going to have to buy a petrol

505
00:21:45,760 --> 00:21:47,760
Speaker 4: Like these are things that you know, to an extent

506
00:21:47,760 --> 00:21:49,880
Speaker 4: we can budget. I know that we're talking in our

507
00:21:49,920 --> 00:21:51,840
Speaker 4: office like oh, just just come in one day week

508
00:21:51,840 --> 00:21:54,440
Speaker 4: because like there's no point you know, spending way more

509
00:21:54,520 --> 00:21:57,600
Speaker 4: on fuel and back and forth parking so expensive as well,

510
00:21:57,600 --> 00:21:59,480
Speaker 4: Like let's not do that, let's just do one do

511
00:21:59,600 --> 00:22:02,840
Speaker 4: wake Like there's negotiation, but then there's also like that's

512
00:22:02,880 --> 00:22:05,879
Speaker 4: your transport from A to B. Not everybody has that

513
00:22:06,000 --> 00:22:09,359
Speaker 4: level of flexibility. So look, it's a tricky position to

514
00:22:09,400 --> 00:22:12,479
Speaker 4: be in because it does put a lot more pressure

515
00:22:12,520 --> 00:22:16,440
Speaker 4: on other people. But housing prices in Australia dropping at

516
00:22:16,440 --> 00:22:19,880
Speaker 4: the fastest pace since the GFC, which is I mean

517
00:22:19,920 --> 00:22:23,280
Speaker 4: exciting for first home buyers. But Jess, I don't know

518
00:22:23,320 --> 00:22:26,280
Speaker 4: if you're comfortable sharing this, but you're still on your

519
00:22:26,320 --> 00:22:30,119
Speaker 4: property journey. You're still looking to purchase, which is so exciting,

520
00:22:30,720 --> 00:22:33,600
Speaker 4: But there's that pressure now of Hey, interest rates are

521
00:22:33,640 --> 00:22:36,520
Speaker 4: going to change. If they change again, your buying capacity

522
00:22:36,600 --> 00:22:39,440
Speaker 4: is going to lower. But the same time as property

523
00:22:39,480 --> 00:22:43,240
Speaker 4: prices in general decreasing, a lot of first home buyers

524
00:22:43,280 --> 00:22:47,119
Speaker 4: still have the same competition that they had before. Like Jesse,

525
00:22:47,200 --> 00:22:49,240
Speaker 4: you seeing the properties that you want to buy decreasing

526
00:22:49,280 --> 00:22:50,480
Speaker 4: in value, No.

527
00:22:50,320 --> 00:22:52,879
Speaker 5: Not really like things maybe sitting on the market a

528
00:22:52,920 --> 00:22:54,879
Speaker 5: little bit more. But as you said, there's really the

529
00:22:54,880 --> 00:22:58,359
Speaker 5: pressure because every rates increase, particularly for someone like me

530
00:22:58,400 --> 00:23:01,800
Speaker 5: who is purchasing by themselves, it means that my borrowing

531
00:23:01,840 --> 00:23:04,080
Speaker 5: capacity drops, which essentially means that I have less money

532
00:23:04,080 --> 00:23:06,840
Speaker 5: to play with. And I would argue, just based on

533
00:23:07,119 --> 00:23:09,280
Speaker 5: the numbers that I have seen for myself, the rate

534
00:23:09,320 --> 00:23:13,720
Speaker 5: at which my borrowing capacity is dropping is significantly bigger

535
00:23:13,920 --> 00:23:16,160
Speaker 5: than the rate at which the house prices are getting

536
00:23:16,680 --> 00:23:18,960
Speaker 5: Like if my borrowing capacity drops by ten grand I'm

537
00:23:19,000 --> 00:23:22,000
Speaker 5: not necessarily seeing house prices drop by that much, and

538
00:23:22,400 --> 00:23:24,320
Speaker 5: the hard thing is like one is not keeping up

539
00:23:24,359 --> 00:23:26,800
Speaker 5: with the other. So as exciting as that headline was,

540
00:23:26,840 --> 00:23:28,720
Speaker 5: I was like, Oh, I actually don't know what a

541
00:23:29,000 --> 00:23:31,320
Speaker 5: difference that's going to make. And I know that there

542
00:23:31,320 --> 00:23:33,040
Speaker 5: would have been a lot of people like me who

543
00:23:33,640 --> 00:23:36,080
Speaker 5: you know, have been waiting for the property market to dip,

544
00:23:36,200 --> 00:23:40,920
Speaker 5: and it always does work in ebbs and flows. However, unfortunately,

545
00:23:41,000 --> 00:23:43,480
Speaker 5: in my opinion, we're not going to find ourselves in

546
00:23:43,480 --> 00:23:46,200
Speaker 5: the position where housing prices dropped by one hundred thousand dollars,

547
00:23:46,240 --> 00:23:48,160
Speaker 5: which is really the point that it was at when

548
00:23:48,160 --> 00:23:49,960
Speaker 5: it was really affordable to get into the market, when

549
00:23:50,000 --> 00:23:52,080
Speaker 5: like our parents were young and stuff. They we're just

550
00:23:52,119 --> 00:23:54,840
Speaker 5: never going to get back there, and wages haven't kept up,

551
00:23:54,880 --> 00:23:58,439
Speaker 5: and it does feel really a bit like an endless cycle,

552
00:23:58,480 --> 00:23:58,920
Speaker 5: doesn't it.

553
00:23:58,960 --> 00:24:02,119
Speaker 4: Look I'm liking seeing the conversation in our community around it,

554
00:24:02,160 --> 00:24:04,960
Speaker 4: but I do genuinely feel like it's maybe a little

555
00:24:04,960 --> 00:24:07,800
Speaker 4: bit not short lived, but it's a little bit glossy.

556
00:24:07,960 --> 00:24:09,720
Speaker 4: It's not the reality of a lot of people in

557
00:24:09,760 --> 00:24:13,159
Speaker 4: our community. Yes, CPI is increased by six point one percent,

558
00:24:13,240 --> 00:24:15,080
Speaker 4: but then if I sit down with my friends and

559
00:24:15,119 --> 00:24:17,560
Speaker 4: have a chat, I'm like, oh, yes, Like, has it

560
00:24:17,680 --> 00:24:19,880
Speaker 4: been six point one percent on your groceries? You're like no,

561
00:24:19,960 --> 00:24:22,520
Speaker 4: I really feel like I'm spending like fifty bucks more.

562
00:24:22,560 --> 00:24:24,879
Speaker 4: I feel like it's almost double what I used to spend.

563
00:24:24,960 --> 00:24:27,760
Speaker 4: And it's the pinch that you know, you know is

564
00:24:27,840 --> 00:24:30,119
Speaker 4: here because the media is talking about it. But I

565
00:24:30,119 --> 00:24:33,160
Speaker 4: think it's a little bit more impactful than the media

566
00:24:33,240 --> 00:24:35,320
Speaker 4: is actually talking about. And I think that our community

567
00:24:35,400 --> 00:24:38,600
Speaker 4: is probably feeling that as well because we're feeling it.

568
00:24:38,720 --> 00:24:39,920
Speaker 4: So why wouldn't they.

569
00:24:39,960 --> 00:24:43,920
Speaker 6: Just on the percentage of the decreased guys, So it's

570
00:24:43,960 --> 00:24:46,919
Speaker 6: one point six percent is what the Daily I was

571
00:24:46,960 --> 00:24:50,800
Speaker 6: reported on an eight hundred thousand dollars house. That's a

572
00:24:50,880 --> 00:24:53,960
Speaker 6: decrease of twelve point eight k. That doesn't sound to

573
00:24:54,000 --> 00:24:58,200
Speaker 6: me like a massive drop despite it being this huge decrease.

574
00:24:58,720 --> 00:25:00,280
Speaker 6: What does that look like? Is it not that big

575
00:25:00,400 --> 00:25:02,679
Speaker 6: or is it just because it's happened so fast? So, like,

576
00:25:02,840 --> 00:25:06,880
Speaker 6: is it as significant as it seems? It is pretty significant?

577
00:25:07,040 --> 00:25:10,200
Speaker 6: Like a one point six percent drop is like pretty

578
00:25:10,240 --> 00:25:15,120
Speaker 6: significant in any situation when you have a well diversified portfolio. Right,

579
00:25:15,359 --> 00:25:19,240
Speaker 6: So if we're talking about across the board. Say, you know, interact,

580
00:25:19,280 --> 00:25:21,240
Speaker 6: we talked about the median house price being four and

581
00:25:21,280 --> 00:25:24,400
Speaker 6: a half million dollars unrelatable, but that property and that

582
00:25:24,480 --> 00:25:28,320
Speaker 6: median is included in our overall average. Included in our

583
00:25:28,359 --> 00:25:31,679
Speaker 6: average as well, is like regional properties that take eighteen

584
00:25:31,720 --> 00:25:34,040
Speaker 6: months to two years to sell because they're always on

585
00:25:34,080 --> 00:25:36,320
Speaker 6: the market and you know they've had no growth in

586
00:25:36,359 --> 00:25:39,600
Speaker 6: the last thirty years. So to across the board have

587
00:25:39,680 --> 00:25:43,240
Speaker 6: a drop of one point six percent of an average,

588
00:25:43,280 --> 00:25:46,159
Speaker 6: like that's big. It's not like, oh hey, gee, in

589
00:25:46,440 --> 00:25:48,840
Speaker 6: you know, your local community, this has happened.

590
00:25:48,840 --> 00:25:52,360
Speaker 4: It's actually across the entirety of Australia. It's not like, oh,

591
00:25:52,400 --> 00:25:56,040
Speaker 4: this is Melbourne's house price. It's Australian house prices, which

592
00:25:56,080 --> 00:26:00,480
Speaker 4: means every single property in Australia is included and your

593
00:26:00,560 --> 00:26:03,760
Speaker 4: sample size. So the more houses we're looking at, the

594
00:26:03,840 --> 00:26:06,760
Speaker 4: less fluctuation you'll see over time, because it should stay

595
00:26:06,800 --> 00:26:09,720
Speaker 4: relatively stagnant. Because even if one property, you know, goes

596
00:26:09,920 --> 00:26:12,280
Speaker 4: for one hundred million dollars because it's the first on

597
00:26:12,320 --> 00:26:15,000
Speaker 4: the market and it was like a tightly held family property,

598
00:26:15,040 --> 00:26:17,800
Speaker 4: and you know, that's an outlier and that's crazy. That

599
00:26:17,840 --> 00:26:21,160
Speaker 4: wouldn't even bump the house price up or down one

600
00:26:21,200 --> 00:26:24,280
Speaker 4: percent because it's not that impactful. It's actually the fact

601
00:26:24,320 --> 00:26:27,320
Speaker 4: that one point six percent is the biggest drop we've

602
00:26:27,320 --> 00:26:30,159
Speaker 4: seen since the global financial crisis in two thousand and

603
00:26:30,200 --> 00:26:33,399
Speaker 4: eight two thousand and nine, so that that's pretty significant.

604
00:26:33,440 --> 00:26:35,920
Speaker 4: We need to take that really seriously and go what

605
00:26:35,960 --> 00:26:39,320
Speaker 4: does that mean? And you know, as disheartening as it is,

606
00:26:39,359 --> 00:26:42,600
Speaker 4: we really need to reevaluate whether we want to be

607
00:26:42,640 --> 00:26:44,800
Speaker 4: in the property market at the moment or not, not

608
00:26:44,840 --> 00:26:47,320
Speaker 4: because the property is going down, but because of the

609
00:26:47,359 --> 00:26:49,840
Speaker 4: financial stress it might put you on, because it really

610
00:26:49,960 --> 00:26:53,000
Speaker 4: changes that lifestyle. And I go back to you, Jess,

611
00:26:53,240 --> 00:26:55,160
Speaker 4: and I'm not saying that you don't do it, because

612
00:26:55,200 --> 00:26:57,119
Speaker 4: I know that we're like a gung ho we're trying

613
00:26:57,160 --> 00:26:58,800
Speaker 4: as hard as we can on this side of the

614
00:26:58,840 --> 00:27:02,159
Speaker 4: table to get you into a house asap. But you

615
00:27:02,200 --> 00:27:04,359
Speaker 4: look at it and go, all right, well, originally, you know,

616
00:27:04,480 --> 00:27:06,960
Speaker 4: these aren't Jess as real stats. But originally it was

617
00:27:07,000 --> 00:27:08,840
Speaker 4: going to cost me, you know, forty percent of my

618
00:27:08,920 --> 00:27:11,520
Speaker 4: income to pay that mortgage, and I was really happy

619
00:27:11,560 --> 00:27:14,320
Speaker 4: with that. An interest rate increase, and you know, the

620
00:27:14,320 --> 00:27:18,200
Speaker 4: cost of property not really changing for Jess could mean that,

621
00:27:18,400 --> 00:27:20,760
Speaker 4: you know, it's closer to fifty percent of her income

622
00:27:20,880 --> 00:27:23,680
Speaker 4: that needs to go towards Is that fair? Is that reasonable?

623
00:27:23,760 --> 00:27:25,880
Speaker 4: Is that going to impact her lifestyle? Is that going

624
00:27:25,920 --> 00:27:28,439
Speaker 4: to stop Jess doing something she like? Jess loves travel?

625
00:27:28,880 --> 00:27:29,800
Speaker 4: Is that going to stop that?

626
00:27:30,080 --> 00:27:30,159
Speaker 7: So?

627
00:27:30,320 --> 00:27:32,399
Speaker 4: Is that actually a good idea for the life she

628
00:27:32,480 --> 00:27:35,480
Speaker 4: wants to lead? And it's not saying Jess in particular,

629
00:27:35,520 --> 00:27:37,640
Speaker 4: but you're a good example at the moment, Jess, because

630
00:27:37,640 --> 00:27:38,160
Speaker 4: I feel like.

631
00:27:38,440 --> 00:27:39,920
Speaker 2: We stole you from the community.

632
00:27:40,200 --> 00:27:43,480
Speaker 4: You speak for the community, you're our voice from the inside.

633
00:27:44,080 --> 00:27:47,119
Speaker 4: But it's literally that right, Like, is that going to

634
00:27:47,200 --> 00:27:49,639
Speaker 4: change the parameters of your ability to get into property?

635
00:27:49,640 --> 00:27:51,480
Speaker 4: It doesn't mean you don't want you anymore. It could

636
00:27:51,560 --> 00:27:54,119
Speaker 4: just mean it's not worth the sacrifice that needs to

637
00:27:54,160 --> 00:27:55,560
Speaker 4: go along with it. And I think we need to

638
00:27:55,600 --> 00:27:58,600
Speaker 4: consider that as well and go what is actually putting

639
00:27:58,600 --> 00:28:01,720
Speaker 4: me in the best possible position. Not because we don't

640
00:28:01,720 --> 00:28:04,600
Speaker 4: want to own, but because sometimes we really need to

641
00:28:04,600 --> 00:28:07,560
Speaker 4: be a little bit harsher on our parameters of what

642
00:28:07,560 --> 00:28:10,080
Speaker 4: we will and won't accept. Because they think some people

643
00:28:10,320 --> 00:28:12,679
Speaker 4: no you, Jess, but some people get so caught up

644
00:28:12,720 --> 00:28:14,159
Speaker 4: in it that they finally get into it and then

645
00:28:14,200 --> 00:28:16,800
Speaker 4: they go, oh, I'm under a lot of financial pressure.

646
00:28:16,800 --> 00:28:17,639
Speaker 2: This what's not worth it?

647
00:28:18,040 --> 00:28:20,119
Speaker 4: So I think it's all about having the right team

648
00:28:20,119 --> 00:28:22,440
Speaker 4: around you, getting the right advice, and not getting too

649
00:28:22,480 --> 00:28:24,840
Speaker 4: caught up in the headlines and really looking at what

650
00:28:24,880 --> 00:28:27,040
Speaker 4: that means for you. But we've said it before on

651
00:28:27,080 --> 00:28:29,639
Speaker 4: the podcast, talk to a good mortgage broker. They'll let

652
00:28:29,640 --> 00:28:31,840
Speaker 4: you know the parameters, and a good mortgage broker will

653
00:28:31,880 --> 00:28:35,080
Speaker 4: always make sure that you're serviceable above and beyond what

654
00:28:35,119 --> 00:28:37,520
Speaker 4: the interest rate could rise to anyway, so you'll be

655
00:28:37,640 --> 00:28:40,640
Speaker 4: safe and secure. But it is really disheartening, guys.

656
00:28:40,680 --> 00:28:44,480
Speaker 6: Well, on that exciting note, I reckon, it's time to

657
00:28:44,520 --> 00:28:46,600
Speaker 6: take a listen to today's money dilemma.

658
00:28:46,680 --> 00:28:49,360
Speaker 2: Ladies. Oh yeah, give us a listen.

659
00:28:51,560 --> 00:28:53,920
Speaker 6: Hi, beret, have you got a money dilemma you just

660
00:28:53,960 --> 00:28:56,360
Speaker 6: can't solve that? She's on The Money team is here

661
00:28:56,400 --> 00:28:59,400
Speaker 6: to help. Every week we tackle your dilemmas, both big

662
00:28:59,440 --> 00:29:02,280
Speaker 6: and small, to answer your most burning money, career and

663
00:29:02,360 --> 00:29:05,800
Speaker 6: life questions. To get involved, simply head to our website

664
00:29:05,840 --> 00:29:07,720
Speaker 6: and leave us a quick voice recording and you may

665
00:29:07,800 --> 00:29:10,160
Speaker 6: just find yourself on the show. Now, let's take a

666
00:29:10,200 --> 00:29:11,720
Speaker 6: listen to today's money dilemma.

667
00:29:13,320 --> 00:29:16,360
Speaker 7: Hello, my longtime boyfriend and I are finally moving into

668
00:29:16,360 --> 00:29:19,120
Speaker 7: our first rent look together. We're trying to do research

669
00:29:19,200 --> 00:29:22,320
Speaker 7: into how to merge our financials together. Also, we want

670
00:29:22,320 --> 00:29:25,280
Speaker 7: to pay rent from one account. However, we're unsure if

671
00:29:25,280 --> 00:29:28,560
Speaker 7: one person should just transfer to another or should we

672
00:29:28,640 --> 00:29:31,360
Speaker 7: open a whole new bank account together that potentially has

673
00:29:31,400 --> 00:29:34,040
Speaker 7: benefits for us in the future. And your advice is

674
00:29:34,040 --> 00:29:35,000
Speaker 7: greatly appreciated.

675
00:29:35,760 --> 00:29:37,840
Speaker 4: All Right, guys, I have a lot of thoughts about

676
00:29:37,840 --> 00:29:40,480
Speaker 4: shared finances, but I want to start on the other

677
00:29:40,520 --> 00:29:41,640
Speaker 4: side of the table today.

678
00:29:42,120 --> 00:29:43,080
Speaker 2: Jess thoughts.

679
00:29:43,240 --> 00:29:45,840
Speaker 5: I mean, it's very personal. We did also, it's probably

680
00:29:45,840 --> 00:29:47,520
Speaker 5: worth throwing out there. We did a full episode on

681
00:29:47,800 --> 00:29:49,760
Speaker 5: sharing finances in a couple not too long ago, so

682
00:29:49,760 --> 00:29:52,080
Speaker 5: I would definitely recommend that to anyone who's thinking about

683
00:29:52,080 --> 00:29:56,200
Speaker 5: taking good content. We're not. I am interested because she

684
00:29:56,320 --> 00:29:58,400
Speaker 5: said she wants to know if they should put their

685
00:29:58,400 --> 00:30:00,920
Speaker 5: money in an account that will have benefits to them

686
00:30:01,040 --> 00:30:04,000
Speaker 5: down the line. And if I'm being honest, I don't

687
00:30:04,040 --> 00:30:06,800
Speaker 5: know that there are any benefits to happen outside of,

688
00:30:06,920 --> 00:30:10,120
Speaker 5: you know, the convenience obviously, or being able to view

689
00:30:10,160 --> 00:30:13,160
Speaker 5: your finances in one place, but like in terms of

690
00:30:13,280 --> 00:30:17,320
Speaker 5: externally lack for applying for a loan or any I

691
00:30:17,360 --> 00:30:21,560
Speaker 5: don't you know, correct increased interest. I don't know that

692
00:30:21,600 --> 00:30:24,040
Speaker 5: there are too many really, so I don't know how

693
00:30:24,120 --> 00:30:26,719
Speaker 5: much that would be impacting my choice. So really it

694
00:30:26,720 --> 00:30:29,600
Speaker 5: comes down to personal preference, Like how closely do you

695
00:30:29,600 --> 00:30:32,160
Speaker 5: want your finances to be tied together? I think you know,

696
00:30:32,200 --> 00:30:35,040
Speaker 5: we always say that if you are sharing finances, make

697
00:30:35,080 --> 00:30:36,640
Speaker 5: sure you've got a little something on the side for

698
00:30:36,680 --> 00:30:39,680
Speaker 5: yourself to ensure that should you ever need it, you

699
00:30:39,720 --> 00:30:42,680
Speaker 5: have your own emergency fund, your own money that you

700
00:30:42,720 --> 00:30:46,920
Speaker 5: directly and you only have access to. But I think, yeah,

701
00:30:46,960 --> 00:30:49,040
Speaker 5: it just comes down to what works for you. Guys

702
00:30:49,040 --> 00:30:51,240
Speaker 5: you splitting everything directly down the middle, in which case

703
00:30:51,320 --> 00:30:52,800
Speaker 5: is it easier for you both just to pour the

704
00:30:52,840 --> 00:30:55,400
Speaker 5: same amount of money into an account every month and

705
00:30:55,440 --> 00:30:57,600
Speaker 5: then have things directed it from there, or do you

706
00:30:57,600 --> 00:31:00,000
Speaker 5: pay things manually so maybe it makes sense for one person,

707
00:31:00,320 --> 00:31:02,560
Speaker 5: or are you paying rent and he's paying bills?

708
00:31:02,560 --> 00:31:06,880
Speaker 4: Like it is so dependent. Every single relationship is so different.

709
00:31:07,000 --> 00:31:09,360
Speaker 4: Georgia King, how do you manage it in your relationship?

710
00:31:09,480 --> 00:31:10,440
Speaker 4: Tell me your story.

711
00:31:10,600 --> 00:31:14,280
Speaker 6: Obviously we're a hot mess we I mean you are not,

712
00:31:14,800 --> 00:31:17,680
Speaker 6: I would say, I'm We actually were speaking about this

713
00:31:17,680 --> 00:31:19,520
Speaker 6: this morning. I might have sent a little passive aggresive

714
00:31:19,520 --> 00:31:22,760
Speaker 6: text message to young Harper.

715
00:31:23,280 --> 00:31:25,360
Speaker 2: I was just your adultes and the money.

716
00:31:26,000 --> 00:31:29,840
Speaker 6: So I definitely take control of all of our bills,

717
00:31:30,200 --> 00:31:33,000
Speaker 6: all of them, and he of course transfers me.

718
00:31:33,040 --> 00:31:35,760
Speaker 2: We share it together. We actually haven't.

719
00:31:35,800 --> 00:31:38,280
Speaker 6: I know we've spoken on the podcast before about equity

720
00:31:38,680 --> 00:31:40,880
Speaker 6: and sorting things out in accordance with your salaries. We

721
00:31:40,920 --> 00:31:42,479
Speaker 6: haven't actually gotten to that yet, but I think it's

722
00:31:42,480 --> 00:31:43,240
Speaker 6: because we're lazy.

723
00:31:43,320 --> 00:31:45,680
Speaker 4: The important thing is you know that that's a concept

724
00:31:45,720 --> 00:31:48,320
Speaker 4: that you can discuss in your relationship, should you decide

725
00:31:48,320 --> 00:31:49,280
Speaker 4: to have that conversation.

726
00:31:49,360 --> 00:31:49,760
Speaker 3: Yeah.

727
00:31:49,880 --> 00:31:51,800
Speaker 6: Yeah, So we're very much like I'll get this one,

728
00:31:51,880 --> 00:31:52,680
Speaker 6: you get the next one.

729
00:31:52,840 --> 00:31:53,280
Speaker 2: Yeah. Great.

730
00:31:53,280 --> 00:31:55,680
Speaker 6: I take more control of the finances. But yeah, we

731
00:31:55,720 --> 00:31:59,200
Speaker 6: definitely don't shit account. I know who would have thought, yeah,

732
00:31:59,240 --> 00:32:02,080
Speaker 6: would there be benef it's to us opening an account together.

733
00:32:02,280 --> 00:32:05,320
Speaker 4: Look, at the end of the day, every single relationship

734
00:32:05,440 --> 00:32:07,840
Speaker 4: is so different. I think if it comes down to

735
00:32:07,840 --> 00:32:10,120
Speaker 4: you going, I want to pay rent from the same account,

736
00:32:10,440 --> 00:32:14,240
Speaker 4: actually that's not necessary if you don't want to. I

737
00:32:14,280 --> 00:32:17,760
Speaker 4: lived with Steve for a while before we decided to

738
00:32:17,760 --> 00:32:20,000
Speaker 4: purchase a house together, which we were very lucky to

739
00:32:20,040 --> 00:32:23,400
Speaker 4: do so, and at that point we got shared finances.

740
00:32:23,720 --> 00:32:25,840
Speaker 4: But when we applied for our rental, we just said

741
00:32:25,840 --> 00:32:27,600
Speaker 4: we want fifty percent to come out of this account.

742
00:32:27,680 --> 00:32:29,560
Speaker 4: Fifty percent to come out of this account. We didn't

743
00:32:29,640 --> 00:32:31,040
Speaker 4: have to have a shared account for it to be

744
00:32:31,080 --> 00:32:33,520
Speaker 4: directed at. It out of our real estate agent for

745
00:32:33,640 --> 00:32:36,880
Speaker 4: no extra cost. Just took half out of each location.

746
00:32:37,080 --> 00:32:39,560
Speaker 4: So that could be an option for you as well,

747
00:32:39,600 --> 00:32:42,400
Speaker 4: which I think was actually really practical for us at

748
00:32:42,400 --> 00:32:44,120
Speaker 4: the time, because I just think that moving in with

749
00:32:44,200 --> 00:32:46,160
Speaker 4: such a big step, I didn't want to do boots

750
00:32:46,200 --> 00:32:50,040
Speaker 4: and all and also have shared finances. Yet we also

751
00:32:50,200 --> 00:32:52,840
Speaker 4: used to use split wise, which Jess you and I

752
00:32:53,000 --> 00:32:54,880
Speaker 4: used while we were in Europe, and it worked out

753
00:32:54,920 --> 00:32:57,560
Speaker 4: really well because instead of being like, oh, what did

754
00:32:57,560 --> 00:32:59,680
Speaker 4: you do, it's tip for tat, like the app just

755
00:32:59,720 --> 00:33:01,520
Speaker 4: does for you and you kind of just put it

756
00:33:01,520 --> 00:33:04,160
Speaker 4: in and go, all right, well, gpaid one hundred bucks

757
00:33:04,200 --> 00:33:07,920
Speaker 4: on the electricity, and the app automatically knows that Harper

758
00:33:07,920 --> 00:33:10,240
Speaker 4: should pay the other half, and so it kind of

759
00:33:10,360 --> 00:33:12,800
Speaker 4: is a running ledger of like all right, well now,

760
00:33:12,920 --> 00:33:15,160
Speaker 4: g's up one hundred dollars, Harper ohs fifty and then

761
00:33:15,200 --> 00:33:18,120
Speaker 4: if Harper went and spent fifty dollars on groceries on

762
00:33:18,160 --> 00:33:20,880
Speaker 4: your behalf, it would like rebalance the ledger and maybe

763
00:33:20,880 --> 00:33:22,360
Speaker 4: at the end of the month you're only o like

764
00:33:22,560 --> 00:33:25,360
Speaker 4: six bucks because it actually even now, or it really

765
00:33:25,400 --> 00:33:28,440
Speaker 4: shows you like, oh well, you og six hundred dollars

766
00:33:28,480 --> 00:33:30,360
Speaker 4: because she really does pull her card out a lot.

767
00:33:30,400 --> 00:33:34,000
Speaker 4: More So, from our perspective, that worked really well. Now

768
00:33:34,080 --> 00:33:36,960
Speaker 4: because we have a mortgage together, we wanted offset accounts,

769
00:33:36,960 --> 00:33:38,840
Speaker 4: and that kind of made sense to have all of

770
00:33:38,880 --> 00:33:42,520
Speaker 4: our income coming into one offset account because it's offsetting

771
00:33:42,600 --> 00:33:44,680
Speaker 4: interest of our loan. And that was, you know, really

772
00:33:44,680 --> 00:33:46,520
Speaker 4: in line with our values and what we're trying to

773
00:33:46,560 --> 00:33:49,680
Speaker 4: achieve when it comes to financial freedom. But for me,

774
00:33:49,920 --> 00:33:53,640
Speaker 4: I really away from shared finances unless you've got a

775
00:33:53,680 --> 00:33:56,520
Speaker 4: really good reason, like to me, rant not a good

776
00:33:56,600 --> 00:34:00,000
Speaker 4: enough reason to share finances. But if you said, all right, well,

777
00:34:00,040 --> 00:34:02,360
Speaker 4: it's actually because we want to tip a certain amount

778
00:34:02,400 --> 00:34:04,719
Speaker 4: of money in here, and you know, share split costs

779
00:34:04,760 --> 00:34:07,320
Speaker 4: and bills and groceries and kind of have one debit card.

780
00:34:07,320 --> 00:34:09,359
Speaker 4: So if we go out for dinner, that's the card

781
00:34:09,360 --> 00:34:11,000
Speaker 4: we tap so we both feel like we're on the

782
00:34:11,000 --> 00:34:13,560
Speaker 4: same page, then you do that. But if you think

783
00:34:13,600 --> 00:34:15,840
Speaker 4: you need a shared bank account because you're going to

784
00:34:15,880 --> 00:34:17,759
Speaker 4: move in together and have to pay rent, like no,

785
00:34:17,800 --> 00:34:20,399
Speaker 4: there's ways around that. In fact, even if your real

786
00:34:20,480 --> 00:34:23,600
Speaker 4: estate agent doesn't allow that split payment for some reason,

787
00:34:23,880 --> 00:34:26,560
Speaker 4: you could actually organize a direct debit from one person's

788
00:34:26,560 --> 00:34:28,920
Speaker 4: account to the other person's account, you know, three or

789
00:34:28,960 --> 00:34:31,480
Speaker 4: four days before the rent comes out, so you don't

790
00:34:31,520 --> 00:34:33,839
Speaker 4: have to do the transfer each and every single month.

791
00:34:33,840 --> 00:34:36,799
Speaker 4: It can be automated. So I think there's a lot of,

792
00:34:37,320 --> 00:34:39,800
Speaker 4: you know, pros and cons about it. But I know

793
00:34:39,960 --> 00:34:42,680
Speaker 4: people who are married and have been married for thirty

794
00:34:42,800 --> 00:34:46,080
Speaker 4: forty years and they still don't share finances because they're

795
00:34:46,080 --> 00:34:48,880
Speaker 4: just happy with the way that they're currently working things.

796
00:34:49,320 --> 00:34:51,239
Speaker 4: But I don't think that there's ever a point where

797
00:34:51,280 --> 00:34:53,600
Speaker 4: you have to. It's all about does this work for you?

798
00:34:53,680 --> 00:34:57,240
Speaker 4: It's something you're comfortable with. And had you asked me, Victoria,

799
00:34:57,320 --> 00:34:59,719
Speaker 4: will you share finances with a partner before I met Steve,

800
00:34:59,760 --> 00:35:02,759
Speaker 4: I w vermently said no. Would have been like absolutely not,

801
00:35:03,000 --> 00:35:05,400
Speaker 4: Never in a million years will I do that. And

802
00:35:05,440 --> 00:35:07,560
Speaker 4: now I think I'm in a situation where I really

803
00:35:07,600 --> 00:35:10,680
Speaker 4: trust him and you know, we've formed this relationship, and

804
00:35:10,760 --> 00:35:13,960
Speaker 4: I'm a lot more financially secure than I used to be. Like,

805
00:35:14,080 --> 00:35:17,600
Speaker 4: let's be honest, I pay myself, so my money goes

806
00:35:17,640 --> 00:35:20,759
Speaker 4: into my account because I am the boss, right, So

807
00:35:20,960 --> 00:35:23,480
Speaker 4: kind of like, all right, well, if everything goes south,

808
00:35:23,719 --> 00:35:25,720
Speaker 4: I'll just three direct to that because I have access

809
00:35:25,760 --> 00:35:27,600
Speaker 4: to all of the banking and you know, he's not

810
00:35:27,680 --> 00:35:30,400
Speaker 4: just going to get my salary. So from my perspective,

811
00:35:30,880 --> 00:35:33,080
Speaker 4: I'm in a bit of a different situation where I

812
00:35:33,120 --> 00:35:35,680
Speaker 4: have a bit more financial freedom than the average bear.

813
00:35:35,800 --> 00:35:36,000
Speaker 5: Right.

814
00:35:36,360 --> 00:35:39,520
Speaker 4: Whereas if you are feeling you know you said it before, Jess,

815
00:35:39,760 --> 00:35:41,439
Speaker 4: make sure you have something on the side. Make sure

816
00:35:41,440 --> 00:35:44,120
Speaker 4: you always have an emergency fund just for you so

817
00:35:44,160 --> 00:35:47,239
Speaker 4: that you can get out of any circumstance, situation, relationship

818
00:35:47,239 --> 00:35:49,840
Speaker 4: that you want to, no matter how good your relationship is.

819
00:35:49,840 --> 00:35:51,560
Speaker 4: And that's kind of like my way of doing that

820
00:35:51,719 --> 00:35:53,640
Speaker 4: in addition timing my own emergency fund.

821
00:35:53,920 --> 00:35:55,760
Speaker 5: I want to come back to the passive aggressive text

822
00:35:55,800 --> 00:35:58,560
Speaker 5: for a side, because I thank you for coming back

823
00:35:58,600 --> 00:36:01,959
Speaker 5: to that. I just want to posit the question you

824
00:36:02,600 --> 00:36:04,439
Speaker 5: saying you'll carry all of the load with the bills

825
00:36:04,480 --> 00:36:04,880
Speaker 5: and stuff.

826
00:36:04,880 --> 00:36:05,600
Speaker 2: You look really scared.

827
00:36:05,600 --> 00:36:06,120
Speaker 5: I'm not going.

828
00:36:06,000 --> 00:36:08,959
Speaker 6: To read out the text on the po.

829
00:36:09,440 --> 00:36:10,959
Speaker 2: No chance, no chance.

830
00:36:11,040 --> 00:36:12,839
Speaker 4: We're not that rude, but you are going to read

831
00:36:12,840 --> 00:36:13,880
Speaker 4: that out while we eat lunch.

832
00:36:14,760 --> 00:36:17,279
Speaker 5: But you know, you said you guys were speaking about

833
00:36:17,320 --> 00:36:20,040
Speaker 5: split finances this morning. Do you think that if you

834
00:36:20,080 --> 00:36:22,840
Speaker 5: guys were to set up a shared account, would that

835
00:36:22,960 --> 00:36:26,960
Speaker 5: alleviate some of the pressure or responsibility that you're feeling.

836
00:36:27,040 --> 00:36:29,239
Speaker 5: Is that where that conversation was kind of going.

837
00:36:29,640 --> 00:36:33,720
Speaker 6: You know, it actually probably would, But I think often

838
00:36:34,040 --> 00:36:38,400
Speaker 6: women bear the brunt of the mental sa areas. And

839
00:36:38,480 --> 00:36:41,160
Speaker 6: I just got to a point this morning and I

840
00:36:41,200 --> 00:36:43,239
Speaker 6: was like, I can't, I can't. Everything was due at once,

841
00:36:43,600 --> 00:36:45,120
Speaker 6: and it was just a lot to stay on top of.

842
00:36:45,200 --> 00:36:48,320
Speaker 6: And it's not a big issue like growing. It was

843
00:36:48,400 --> 00:36:50,319
Speaker 6: just like, it's not something he sees. It's like this

844
00:36:50,400 --> 00:36:54,439
Speaker 6: invisible thing because I'll sort it. I always thought it, whereas, yeah,

845
00:36:54,480 --> 00:36:55,680
Speaker 6: it's not something he noticed it.

846
00:36:55,719 --> 00:36:57,840
Speaker 2: So I just shot him off with a little past

847
00:36:58,440 --> 00:37:01,239
Speaker 2: little message and said, do you know, just I'm the

848
00:37:01,320 --> 00:37:03,080
Speaker 2: legend and you need to pick up your game.

849
00:37:03,280 --> 00:37:06,480
Speaker 5: Just love you so much, but we are you know,

850
00:37:06,920 --> 00:37:09,319
Speaker 5: we've had the same conversation in my relationship actually, because again,

851
00:37:09,320 --> 00:37:10,840
Speaker 5: as you said, I think it is a very female

852
00:37:10,840 --> 00:37:13,080
Speaker 5: thing to take on those responsibilities, and so I guess

853
00:37:13,160 --> 00:37:15,920
Speaker 5: that's probably the one additional point that I would make

854
00:37:16,000 --> 00:37:19,160
Speaker 5: to this listener question is that you know, that is

855
00:37:19,239 --> 00:37:21,480
Speaker 5: probably the one and the other benefit that I could

856
00:37:21,480 --> 00:37:24,359
Speaker 5: see of having that shared account is if you both

857
00:37:24,400 --> 00:37:28,000
Speaker 5: become responsible for contributing whatever, you know, whether you're doing

858
00:37:28,000 --> 00:37:30,399
Speaker 5: it equitably and I'm putting in seventy percent, you're putting

859
00:37:30,440 --> 00:37:32,359
Speaker 5: in thirty, or whether you're putting in fifty to fifty

860
00:37:32,440 --> 00:37:35,680
Speaker 5: or whatever that looks like. If you are both responsible

861
00:37:35,680 --> 00:37:38,320
Speaker 5: for sending money to that account and your bills direct

862
00:37:38,320 --> 00:37:40,480
Speaker 5: debit from there. Yeah, I like that, I you know,

863
00:37:40,600 --> 00:37:43,400
Speaker 5: or if you're someone who really likes to automate your finances,

864
00:37:43,440 --> 00:37:46,000
Speaker 5: that's where I could maybe see a big benefit.

865
00:37:46,200 --> 00:37:47,480
Speaker 2: Yeah, great point.

866
00:37:47,960 --> 00:37:50,560
Speaker 4: I think that that mental load thing is really important.

867
00:37:50,719 --> 00:37:54,400
Speaker 4: And with mental load comes visibility, Like we really need

868
00:37:54,600 --> 00:37:57,560
Speaker 4: things to be visible, right, Like poor Harps, he probably

869
00:37:57,560 --> 00:38:00,720
Speaker 4: didn't see that text coming because he didn't we truly

870
00:38:00,840 --> 00:38:03,399
Speaker 4: see it, like he doesn't see those things come in.

871
00:38:03,800 --> 00:38:06,000
Speaker 4: And to share a load, you need to be really

872
00:38:06,000 --> 00:38:09,319
Speaker 4: open and have good communication lines and to me, yeah,

873
00:38:09,360 --> 00:38:12,520
Speaker 4: it's just so personal because knowing all of my friends

874
00:38:12,520 --> 00:38:14,520
Speaker 4: and how they manage their money, and even just like

875
00:38:14,560 --> 00:38:18,239
Speaker 4: around this table, you guys would go nuts arguably if

876
00:38:18,280 --> 00:38:20,200
Speaker 4: you manage money in the same way I do, and

877
00:38:20,280 --> 00:38:22,759
Speaker 4: vice versa, Like I know how many bank accounts just

878
00:38:22,880 --> 00:38:25,560
Speaker 4: has different savings and I was like, oh, it's like

879
00:38:25,600 --> 00:38:28,880
Speaker 4: thirteen yeah, yeah, I couldn't, like, no chance, that's not

880
00:38:28,920 --> 00:38:31,280
Speaker 4: going to work for me. But that's a good reflection

881
00:38:31,400 --> 00:38:34,440
Speaker 4: of it's different for everybody and the question of should

882
00:38:34,440 --> 00:38:36,880
Speaker 4: I do this or not? I can't answer that for you.

883
00:38:37,000 --> 00:38:39,359
Speaker 4: Nobody can except for you. You need to sit down

884
00:38:39,360 --> 00:38:41,640
Speaker 4: and go, well, where am I? What do I actually

885
00:38:41,680 --> 00:38:44,560
Speaker 4: want to do? What does this relationship look like? You know,

886
00:38:45,200 --> 00:38:47,480
Speaker 4: how serious is your relationship? You're just moving in because

887
00:38:47,520 --> 00:38:49,400
Speaker 4: you're like, ah, I'm moving with my boyfriend. If it

888
00:38:49,400 --> 00:38:51,000
Speaker 4: doesn't work out, I'll just move out. Or are you

889
00:38:51,000 --> 00:38:52,399
Speaker 4: moving in with this guy cause you're like, oh, hope

890
00:38:52,400 --> 00:38:54,640
Speaker 4: he proposes tomorrow because I want to marry him and

891
00:38:54,680 --> 00:38:57,440
Speaker 4: have all of his babies. Like literally, there are different

892
00:38:57,480 --> 00:39:01,440
Speaker 4: types of relationships and that's nobody else's business except for yours.

893
00:39:01,880 --> 00:39:04,439
Speaker 4: And your finances are kind of the same. I mean,

894
00:39:04,760 --> 00:39:07,520
Speaker 4: I'm open and honest about you know, everything I do

895
00:39:07,600 --> 00:39:09,520
Speaker 4: when it comes to money, But at the same time,

896
00:39:09,600 --> 00:39:11,680
Speaker 4: I'm the only one that can make those decisions because

897
00:39:11,719 --> 00:39:13,440
Speaker 4: I'm the only one that knows what's right for me

898
00:39:13,600 --> 00:39:16,839
Speaker 4: and vice versa to you. Guys. Yeah, unfortunately that is

899
00:39:16,880 --> 00:39:19,359
Speaker 4: all we have time for today, So Georgia King, would

900
00:39:19,360 --> 00:39:21,760
Speaker 4: you please wrap the boring but important stuff.

901
00:39:21,560 --> 00:39:22,480
Speaker 2: Would be a pleasure.

902
00:39:22,600 --> 00:39:25,759
Speaker 6: As always, guys, please remember that the advice sheared on

903
00:39:25,840 --> 00:39:28,080
Speaker 6: She's on the Money is general in nature and does

904
00:39:28,120 --> 00:39:31,760
Speaker 6: not consider your individual circumstances. She's on the Money exists

905
00:39:31,800 --> 00:39:34,560
Speaker 6: purely for educational purposes and should not be relied upon

906
00:39:34,600 --> 00:39:37,239
Speaker 6: to make an investment or a financial decision. And we

907
00:39:37,360 --> 00:39:40,400
Speaker 6: promise Victoria divine and She's on the money. Our authorized

908
00:39:40,440 --> 00:39:44,879
Speaker 6: representatives of in Focused Securities Australia Proprietary Limited ABN four

909
00:39:44,920 --> 00:39:47,080
Speaker 6: seven zero nine seven seven nine seven zero for on

910
00:39:47,200 --> 00:39:50,399
Speaker 6: nine AFSL two three six five two three See next

911
00:39:50,400 --> 00:39:50,759
Speaker 6: week up.

912
00:39:50,800 --> 00:39:58,440
Speaker 5: See next week guys,