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

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Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya Niana,

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Speaker 1: kaka ya Ya bin Ahaka Nian Our gay In Nimbina,

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Speaker 1: yakarum Jar, Dominyama, Domagaowakaman, damon Imlan Bomber bang gadaboma In

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Speaker 1: and now in wakah ghana on yak rum jar Watnadaa. Hello,

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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

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Speaker 1: We thank acknowledge and respect the Abiginal people's land that

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Speaker 1: we're gathering on today. Take pleasure in all the land

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Speaker 1: and respect all that you see. She's on the Money

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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,

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Speaker 1: knowledge and resources for.

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Speaker 2: You to thrive. She's on the Money. She's on the Money.

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Speaker 3: Hello and welcome to She's on the Money, the podcast

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Speaker 3: that is here to help finance seem a lot more doable.

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Speaker 3: I'm Victoria Devine and this very special bonus episode is

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Speaker 3: just for our First Nations community and friends. We're going

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Speaker 3: to be talking about the extra barriers you often come

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Speaker 3: up against when it comes to money and most importantly,

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Speaker 3: the practical steps you can take now to feel more

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Speaker 3: in control and set yourself up for the future. And

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Speaker 3: to help with this episode, I am joined by an

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Speaker 3: incredible guest, Leah Bennett from the First Nation's Foundation. Leah

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Speaker 3: is a proud Waraderie woman with over fourteen years experience

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Speaker 3: across superannuation, financial services, and governance, and now Leah heads

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Speaker 3: up the First Nation's Foundation, who do amazing work helping

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Speaker 3: First Nations people feel confident with their money and navigate

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Speaker 3: the unique challenges that they face. Leah, thank you so

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Speaker 3: much for joining us and making time to come on

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Speaker 3: the show.

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Speaker 2: Oh thank you so much for having me. Really appreciate it.

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Speaker 3: I am actually really excited about this because I know

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Speaker 3: that a fair few people in my community have been

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Speaker 3: like I want more content like this, and I'm like, say,

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Speaker 3: less queens, sit down, I'm going to go get Leah.

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Speaker 3: She's going to help us here. So let's just dive in.

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Speaker 3: I want to start by asking you to tell me

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Speaker 3: in your own words about the First Nation's Foundation and

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Speaker 3: the work that they do.

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Speaker 2: Yeah, for sure. So fnf's actually been around for twenty

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Speaker 2: five years. We actually started as a credit union in

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Speaker 2: Shepard and many many years ago. So we celebrated our

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Speaker 2: twenty twenty fifth year last October, which is incredible. And

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Speaker 2: so over the years, FNF has evolved into what it

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Speaker 2: is today, which is an organization that specializes in financial literacy.

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Speaker 2: Its content is created by a mob for mob and

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Speaker 2: so culture is essentially at the core of everything that

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Speaker 2: we do. We have a number of programs, everything from

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Speaker 2: our Financial Fitness which helps mom go through the basics

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Speaker 2: of budgeting. We have our Women's program, which is one

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Speaker 2: of our most important programs because about eighty seven percent

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Speaker 2: of our participants are actually women anyway, so we were like, well,

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Speaker 2: it makes sense that we would do a women's program,

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Speaker 2: which is everything from our own podcast, YouTube channel, we

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Speaker 2: run women's workshops. We also have a new youth program

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Speaker 2: that we're about to roll out for kids between the

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Speaker 2: ages of fifteen to twenty five because for us, we

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Speaker 2: understand that getting in early with financial literacy as kids

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Speaker 2: are leaving school and entering the workforce is so essential.

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Speaker 2: And so I'm so incredibly excited about that youth program

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Speaker 2: as well.

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Speaker 3: I'm excited about that on your behalf like that just

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Speaker 3: you're right, that's where we need to get them, like

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Speaker 3: we need to get you while you're young and set

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Speaker 3: you up properly for the future.

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Speaker 2: Yeah, right, Like I was just in Parliament, the Parliamentary

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Speaker 2: Sittings a few weeks ago, talking about the need to

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Speaker 2: update the curriculum school right because it hasn't been reviewed

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Speaker 2: in a really long time. And financial literacy is such

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Speaker 2: an essential life skill for everybody. Financial literacy levels they're

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Speaker 2: at an all time low in general, So it's not

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Speaker 2: just to issue that First Nations people are facing, but

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Speaker 2: it's a national crisis, I would say, so, yeah, being

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Speaker 2: able to get them while they're young and set up

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Speaker 2: those healthy kind of you know, even for mom too,

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Speaker 2: like healthy boundaries. Yeah. First Nations Foundation also does a

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Speaker 2: lot of advocacy stuff, so advocating for mobs, so understanding

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Speaker 2: what mob needs, and I think most importantly to understand

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Speaker 2: that every First Nations person's at a different place in

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Speaker 2: their own financial literacy journey, and so we try not

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Speaker 2: to come from a deficet lens. We really try to

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Speaker 2: empower our First Nations people to take control of their

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Speaker 2: financial literacy journey and we walk beside them while we

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Speaker 2: do that.

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Speaker 3: Yeah, I love that, and I'm going to make sure

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Speaker 3: that I get all of this into the show notes,

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Speaker 3: so people don't need to take notes or like try

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Speaker 3: and remember what you said, because we haven't even gotten

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Speaker 3: into the crux of the conversation. But I'm pretty sure

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Speaker 3: a few years might have pricked up when they're like, oh,

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Speaker 3: what's the financial fitness course? Or you know, what's this

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Speaker 3: women's program? So all of the info will be in

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Speaker 3: our show notes. You don't have to like stop and

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Speaker 3: write notes in She's on the Money, I would say

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Speaker 3: one of the most powerful things we do is share

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Speaker 3: our money stories on the show. And for First Nations

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Speaker 3: women particularly, how do history and culture shape the way

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Speaker 3: that you guys relate to money and to services and

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Speaker 3: what are the first steps to rebuild trust and just

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Speaker 3: feel in control.

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Speaker 2: Gosh, that's such a huge question.

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Speaker 3: Sorry, it's a big question.

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Speaker 2: Let's start at the beginning. First Nations people have either

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Speaker 2: been allowed to participate in the economy for the last

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Speaker 2: fifty years, we weren't able to get jobs, open up

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Speaker 2: bank accounts, buy homes, and so as a result of that,

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Speaker 2: like our financial literacy levels are significantly lower. Because even

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Speaker 2: my own mum grew up in the generation and where

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Speaker 2: she wasn't part of the constitution, right, So people say, oh,

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Speaker 2: these things happen like two hundred years ago, and I

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Speaker 2: was like, no, no, it didn't. It's so recent, Like

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Speaker 2: it's it is so recent. But in saying that too,

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Speaker 2: then there becomes this lack of trust in the institutions themselves.

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Speaker 2: And I mean only ACIK again have brought out a

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Speaker 2: report on A and Z and some of the misconduct

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Speaker 2: in banking there, and almost every week one of the

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Speaker 2: super funds or the banks are in the news because

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Speaker 2: they're doing something that's harmful to vulnerable people within our community,

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Speaker 2: and not just vulnerable people but just customers in general.

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Speaker 2: So they're not doing all that much to kind of

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Speaker 2: rebuild that trust with First Nations people. I think there's

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Speaker 2: just been also, like I think really important to note

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Speaker 2: a lack of intergenerational wealth that I think people don't

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Speaker 2: even realize. Like for people that come from intergenerational world

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Speaker 2: and I'm not saying that you come from a family

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Speaker 2: that has millions and billions of dollars, but to know

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Speaker 2: that if something went wrong, you could go to mom

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Speaker 2: and dad and they could help you out, or you know,

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Speaker 2: to pay the mortgage or to help with a deposit

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Speaker 2: for a home loan or something along those lines. That

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Speaker 2: death doesn't exist for First Nations people, and so we

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Speaker 2: know deep down and how far behind we are in

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Speaker 2: the game and just trying to play catch up. It

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Speaker 2: can be really overwhelming. But most importantly, this real sense

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Speaker 2: of shame and around you know, everyone kind of knows

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Speaker 2: where you sit. Within the economy itself, people just naturally

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Speaker 2: just assume that you don't know what you're doing. So

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Speaker 2: even applying for bank loans or car loans and having

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Speaker 2: being able to have conversations at an institutional level, that

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Speaker 2: makes sense. So evaluation is a really good example of

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Speaker 2: really convoluted, unnecessary language that's used within the system that

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Speaker 2: prevents people from interacting with it. Even the average person

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Speaker 2: is like, sorry, what do these words mean?

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Speaker 3: Like, oh, yeah, we're already at a disadvantage, but First

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Speaker 3: Nations people are at more of a disadvantage. And it

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Speaker 3: blows my mind that they don't take that more seriously

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Speaker 3: or put more time or energy or effort into it,

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Speaker 3: because it's not like you guys aren't jumping up and

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Speaker 3: down and being like, excuse me, I don't know if

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Speaker 3: you noticed, but.

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Speaker 2: Yeah, and I think for things I can because we

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Speaker 2: run the Indigenous super Working Groups, So we took that

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Speaker 2: over two years ago to try and advocate for the

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Speaker 2: rights of First Nations people within the supervaluation sector and

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Speaker 2: work directly with the sector itself. But the superaluation they

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Speaker 2: just don't have any First Nations representation in the rooms

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Speaker 2: having the conversations at an operational level. So when we're

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Speaker 2: talking about products and service and delivery, where are the

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Speaker 2: First Nations voices in those rooms that are assisting with that.

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Speaker 2: And so when you have a predominantly one demographic, I

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Speaker 2: won't say all white men that I call.

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Speaker 3: Them mediocare middle aged white men, so like you don't

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Speaker 3: have to be not offensive, that's just what I call

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Speaker 3: them as a base level.

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Speaker 2: But the reality is is that there aren't other voices

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Speaker 2: in those rooms, like you know, even if we're talking

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Speaker 2: about the rights of you know, people with disabilities and

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Speaker 2: how they access services and people that fall under that

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Speaker 2: vulnerability bucket, there is still so much work that needs

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Speaker 2: to be done at an institutional level to help support

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Speaker 2: First Nations people. And there's instances I've heard or have

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Speaker 2: been watching my attention where First Nations people have called

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Speaker 2: up call centers to access the service that have been

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Speaker 2: discriminated against or been made to feel ashamed, you know,

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Speaker 2: like made to feel like an idiot, so you're not

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Speaker 2: going to call back up, You're not going to interact

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Speaker 2: with that, and so yeah, like it's just there's so

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Speaker 2: much still institutionalized issues and again just dealing with the

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Speaker 2: shame that we deal with internally as well. I reflect

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Speaker 2: on my own financial literacy journey, Like I didn't really

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Speaker 2: know what I was doing with money. I came from

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Speaker 2: my mother who's first Nations, raised my brother, and I

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Speaker 2: had low levels of financial literacy my own concept and

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Speaker 2: views and relationship just my relationship with money and understanding that.

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Speaker 2: And I wasn't until I was in my late twenties

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Speaker 2: early thirties that I picked up Barefoot Investors because I

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Speaker 2: was just kind of like I need to start somewhere

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Speaker 2: to take control, like and I don't know who to trust,

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Speaker 2: and you know, like started listening to podcasts and people

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Speaker 2: talk about different things, and to some degree that brought

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Speaker 2: up a lot of shame for me internally to be like, oh,

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Speaker 2: should I have not already been somewhere else by this

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Speaker 2: point in my life, Like, yeah, just trying to navigate

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Speaker 2: that without the tools that I needed to get to

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Speaker 2: where I am. So there are so many challenges and

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Speaker 2: barriers that are in the way, and again community expectations

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Speaker 2: as well that can be quite difficult. First nations, people

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Speaker 2: participate in the sharing economy and I didn't even know

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Speaker 2: that there was a name to it. I knew that

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Speaker 2: I was participating in it my whole life. But it's

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Speaker 2: a sharing economy. And our concept of wealth and money

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Speaker 2: differs to Western society, where Western society is about the

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Speaker 2: accumulation of wealth, like I need to get more and

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Speaker 2: more and hold on to it. Where one of the

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Speaker 2: beautiful things about our culture is that we care for

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Speaker 2: one another. So yeah, like when money comes in, you'll

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Speaker 2: have mobcome around and family and say, oh, I need

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Speaker 2: money for this, and it's just like a no brainer.

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Speaker 2: You just do it because you care for each other

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Speaker 2: and they do that in return. But one of the

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Speaker 2: problems is is if not everybody is participating in the

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Speaker 2: sharing economy, it becomes humbugging. Its financial abuse, and so

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Speaker 2: that becomes problematic for people as well. So yeah, there's

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Speaker 2: definitely different layers. There's different layers for us on personal levels.

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Speaker 2: Learning how to set healthy boundaries, navigating resources that help

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Speaker 2: us do that, and deal with the internal shame that

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Speaker 2: we face around those sorts of things. But also still

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Speaker 2: how these larger institutions are kind of working alongside us

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Speaker 2: to improve services one hundred percent.

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Speaker 3: And you touched on this before, like you know, you

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Speaker 3: said before, it was only fifty years ago that you

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Speaker 3: were officially allowed to participate in this economy, which is

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Speaker 3: messed up to begin with. We won't dive into that,

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Speaker 3: but money is already difficult. Money is hard for most

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Speaker 3: people in general. What additional barriers apart from the fact

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Speaker 3: that you've been excluded for so long? Are First Nations

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Speaker 3: women more likely to face when it comes to money.

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Speaker 2: Yeah, I mean there's a huge portion of our women

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Speaker 2: that are in dB situations, right, and so one of

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Speaker 2: the things that one of the programs we have trained

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Speaker 2: the Trainer helps support support workers community support workers to

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Speaker 2: help provide financial counseling and two women especially who are

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Speaker 2: navigating domestic violence situations. So one of those things is

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Speaker 2: I don't feel that I can leave this situation because

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Speaker 2: I don't have the resources to be able to do that.

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Speaker 2: I don't have the money to be able to do that.

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Speaker 2: I don't know how to budget or you know, this

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Speaker 2: fear of being able to provide for your children, right, Like.

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Speaker 3: It's terrifying as a concept.

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Speaker 2: Yeah, yeah, and so like there's yeah, one of the

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Speaker 2: things with our training is really just trying to assist

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Speaker 2: those women to give them the skills so that they

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Speaker 2: can have the confidence to leave and building up wealth

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Speaker 2: for themselves so that they're not stuck in a position

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Speaker 2: where they can't leave a domestic violent situation or even

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Speaker 2: a family violent situation. So really just giving them the skills.

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Speaker 2: They also like community commitments right again, Like we're so

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Speaker 2: very tied to our communities, which is such a positive

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Speaker 2: and beautiful thing. Like it's not something that I would

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Speaker 2: ever advocate that we change as people. That it's that

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Speaker 2: you can be so tied down to community needs and

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Speaker 2: requirements that you forget about your own well being. And

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Speaker 2: so one of the things that I always I love

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Speaker 2: about our women's program and talking to is how do

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Speaker 2: you balance like protecting yourself and setting boundaries with community,

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Speaker 2: Because you can't pour from an empty cup. You also

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Speaker 2: have to care for yourself. So it's so fine to

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Speaker 2: love others and to serve in community the way that

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Speaker 2: you do. But again, you have to take care of

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Speaker 2: yourself and you have to take In some instances, I've

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Speaker 2: seen women give so much that they haven't had the

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Speaker 2: ability to be able to fear their own children and

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Speaker 2: look after their own needs. And that's where that healthy

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Speaker 2: boundaries comes in. And I think that's so programmed into us.

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Speaker 2: And I think in a society today where maybe balanced

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Speaker 2: responsibility between men and women look different as well, women

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Speaker 2: are carrying a lot more burdens. So yeah, there's definitely

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Speaker 2: more cultural types considerations.

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Speaker 3: Absolutely. And if someone comes to you and they say

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Speaker 3: I really need help with money matters or their suffering

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Speaker 3: and you've kind of identified their suffering from financial hardship,

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Speaker 3: what is the first thing you recommend to them?

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Speaker 2: Financial counselors. Financial counselors are a free service and they

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Speaker 2: have the ability to work with individuals to provide support

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Speaker 2: that they wouldn't normally be able to access. And this

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Speaker 2: isn't just for First Nations people. Financial counselors are available

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Speaker 2: for all people, but financial Counseling Australia actually have some

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Speaker 2: First Nations counselors that work directly with mob because they

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Speaker 2: understand the cultural needs of First Nations people and so

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Speaker 2: that can be helping them navigate some severe debt, could

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Speaker 2: even be advocating on behalf of them. Right. So a

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Speaker 2: lot of First Nations people don't even realize that there's

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Speaker 2: on Bundsman's for example, Right, So, what happens if there's

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Speaker 2: some misconduct or something's happened to you in an interaction

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Speaker 2: with the financial services sector, who do you complain to?

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Speaker 2: Where do you go? On? Budsman's can support and can

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Speaker 2: help with that. And I'll give you an example of

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Speaker 2: a really good case. And this is why I always

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Speaker 2: say to people, go to on Budsman's for support. One

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Speaker 2: of my best friend's sister was in a domestic violence

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Speaker 2: situation recently. Her ex partner had set up a business Forutulantly,

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Speaker 2: she was essentially coerced into setting up a business wrapped

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Speaker 2: up one hundred and eighty thousand dollars bass Biel. She's

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Speaker 2: a single mum, nos, no, just basically on Center Link

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Speaker 2: family payments and the ATO basically gone after for one

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Speaker 2: hundred and eighty thous and all the debt that's not hers,

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Speaker 2: that's so messed up. She went to the ATO to

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Speaker 2: prove she was in a DV situation that that wasn't

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Speaker 2: her debt. They've ignored that she went to them and

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Speaker 2: they ignored that, yes, yeah, correct, And then they also

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Speaker 2: didn't provide her the correct vulnerability team that would be

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Speaker 2: able to support her. And so I've been very very

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Speaker 2: vocal about this particular situation. And there's a tax on budsmen, right,

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Speaker 2: So there's an actual I didn't you think if anyone

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Speaker 2: would know that, it would be me. But I didn't

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Speaker 2: even know. I was in a forum basically blasting the

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Speaker 2: ATO in an open conversation and someone said the tax

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Speaker 2: on Budsmen's over there, and.

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Speaker 3: I was like, like, where is he sit down?

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Speaker 2: Yeah? And they were so beautiful, right, Like they were

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Speaker 2: so helpful to the point where we got notification last

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Speaker 2: week that the ATO has wiped the debt and will

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Speaker 2: not be coming up.

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Speaker 3: Stop it good. I was about to be like, what

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Speaker 3: can I do? How can I help? Because like, I

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Speaker 3: can be vocal, you just tell me what you need

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Speaker 3: me to say.

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Speaker 2: Girl. Yeah, but like on budsman's it's so useful and

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Speaker 2: and a lot of the time we don't even know

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Speaker 2: they exist. And financial counselors can help with that advocacy, right, like,

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Speaker 2: they can step in and go, Okay, we're not getting

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Speaker 2: where we need to go with this. Let's get a

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Speaker 2: non budsman involved in this situation and help them navigate that.

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Speaker 2: They provide resources and tools that a lot of people

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Speaker 2: don't even realize they have, and then can obviously help

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Speaker 2: with things like budgeting and the understanding finance. And you know,

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Speaker 2: they're not going to get into the technical things like

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Speaker 2: where should you invest your super but they will help

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Speaker 2: when you're in financial crisis and you need some help.

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Speaker 2: They're always the first person I say go to.

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Speaker 3: Yeah, we're not talking about hey, like let's set up

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Speaker 3: an ETF portfolio, because unfortunately that's not going to work there.

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Speaker 3: But I also think that even conversations like this are

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Speaker 3: really helpful because you know, you might not be going

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Speaker 3: through a similar situation, thankfully, but now you know that

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Speaker 3: the ombardsmen exists, and if you hear about another friend

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Speaker 3: that's going through this, you can be like, oh my god,

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Speaker 3: so actually there's this thing and I don't know enough

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Speaker 3: about it, but I know enough to be dangerous, and

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Speaker 3: I can use Google and we can work out what

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Speaker 3: that actually means. And I think that that's where this

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Speaker 3: sharing economy that you guys have is so beautiful because

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Speaker 3: it's not just financial, it's all about knowledge and skill sharing,

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Speaker 3: and like just there's so much beauty in that community.

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Speaker 3: Talk to me a bit more about the first thing

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Speaker 3: that you suggest, So not necessarily people going through financial

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Speaker 3: hardship or even like they're you know, in these situations,

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Speaker 3: just general First Nations people that come across FNF. What's

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Speaker 3: the first thing you suggest that our First Nation's community

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Speaker 3: members do to just set themselves up for success when

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Speaker 3: it comes to money.

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Speaker 2: We always guide people to our online modules. So all

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Speaker 2: of our content on our website is completely free for mom.

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Speaker 2: So we have some online courses.

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Speaker 3: You guys are so good, I'm obsessed.

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Speaker 2: Thank you. But we have some online modules that people

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Speaker 2: can go through their self pay. So you know, if

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Speaker 2: you've got kids and your you know, you can try

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Speaker 2: to juggle learning online and you know one life is busy,

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00:19:03,240 --> 00:19:06,520
Speaker 2: Yeah you can. You can jump on when it's convenient

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Speaker 2: for you. We have a number of resources that are

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Speaker 2: also just available on our website on how Tomorrow Money website,

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Speaker 2: which goes from everything like by doing basics to how

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Speaker 2: to watch out for scams and disaster recovery and you

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Speaker 2: know all these sorts of stuff. You know what you

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Speaker 2: need to set yourself up. So if you're renting a

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Speaker 2: home for the first time, what are the things that

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Speaker 2: you need to consider Potentially you know, some home and

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Speaker 2: contents insurance or just contents insurance, depending on your situation.

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Speaker 2: We always just point people to the website first and foremost,

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Speaker 2: and for those people that want to then get further

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Speaker 2: information and do more of our workshops and we get

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Speaker 2: them to register for them. We also have our Rich

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Speaker 2: Black Women webinar series that happens I think it's monthly

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Speaker 2: that's run by one of our fabulous trainers, Kienna. So yeah,

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Speaker 2: usually it's just our online resources to get people familiar

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Speaker 2: with the type of content too that we deliver.

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Speaker 3: That's cool, Like just the fact that you have like

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Speaker 3: a Rich Black Women webinar, I'm like, yeah, get at

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Speaker 3: Queen's I love this.

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Speaker 2: We've just recorded Rich Black Women Season three, which is

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Speaker 2: Rich Black Women in Business last Friday, and I was

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Speaker 2: inspired with this series because a lot of the women

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Speaker 2: that I had interviewed on Rich Black Women, they all

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Speaker 2: started where we all start kind of thing, and I

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Speaker 2: think sometimes first Nations women go, oh, I can't reach

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Speaker 2: that because I'm in a bad situation or whatever it is.

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Speaker 2: And you know, I grew up in family violence. I've

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Speaker 2: been in a DV situation, and you know, I'm thirty

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Speaker 2: seven next month and I've owned my own business. I've

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Speaker 2: sat on boards, I've done it, and I never thought

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Speaker 2: that I would ever get to where I've gotten to

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Speaker 2: if you had asked me when I was back in that.

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Speaker 2: And so it was really an opportunity to inspire other

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Speaker 2: First Nations women who might be in difficult situations to

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Speaker 2: still aspire to more if that's what they want to

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Speaker 2: do one hundred percent.

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Speaker 3: And you're like so capable of it before and you

398
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Speaker 3: were touching on you know something that broke my heart.

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Speaker 3: You were like, oh, I started like learning about financial

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Speaker 3: literacy and a lot of shame came up and I

401
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Speaker 3: felt like I was behind, and you know I should

402
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Speaker 3: be shamed by that, and I'm just like, no, Like,

403
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Speaker 3: you're taking control of this situation where you know, there

404
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Speaker 3: are so many First Nation's businesses out there, and the

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Speaker 3: coolest thing about them is we know that they weren't

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Speaker 3: backed by intergenerational wealth like mommy or Daddy did not

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Speaker 3: turn around to go, oh, honey, you want to start

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Speaker 3: a business, I'll give you one hundred grand, Like you

409
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Speaker 3: didn't get that foot up. Every single thing that you

410
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Speaker 3: guys have done has been off your own backs and

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Speaker 3: off community and off supporting one another. And that just

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Speaker 3: makes me, I don't know, so proud by virtual Like

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Speaker 3: I'm just looking at it, going you guys are killing it.

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Speaker 3: I love it.

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Speaker 2: And it's so cool because most recent figures show that

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Speaker 2: First Nations businesses contribute sixteen billion dollars to the Australian economy.

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Speaker 2: That's not sole traders. That is businesses where they have

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Speaker 2: twenty or more employees, so the numbers obviously way bigger

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Speaker 2: than that, and it's just, yeah, it is inspiring. I

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Speaker 2: think a new report will be is due to come

421
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Speaker 2: out at the end of this year, which I'm hoping

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Speaker 2: most figures are just going to do all triple inside.

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Speaker 2: Oh they are, they absolutely are, and like that's it's

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Speaker 2: just so exciting, and I think that we need to

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Speaker 2: be sometimes like you guys as a community need to

426
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Speaker 2: be reminded of all this cool stuff you're doing, because

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Speaker 2: when it gets down to a personal level and you

428
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Speaker 2: start like looking at a budgeting and cash flow and

429
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Speaker 2: you know, working out all this stuff that you were

430
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Speaker 2: not taught in school because as you said before, Leah,

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Speaker 2: you had to literally go to Parliament to be like,

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Speaker 2: by the way, your curriculum.

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Speaker 3: Is out dated, Like this stuff isn't taught. So why

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Speaker 3: are you feeling bad about content that you never laid

435
00:22:43,720 --> 00:22:46,720
Speaker 3: eyes on? And you were already at a disadvantage for

436
00:22:46,840 --> 00:22:49,480
Speaker 3: because you didn't have parents who were financially literally, you

437
00:22:49,560 --> 00:22:52,040
Speaker 3: didn't have people that sat you down and said, all right, well, Leah,

438
00:22:52,119 --> 00:22:53,560
Speaker 3: this is how you budget, this is how.

439
00:22:53,480 --> 00:22:54,280
Speaker 2: You cash flow.

440
00:22:54,720 --> 00:22:58,160
Speaker 3: Like sorry, it makes me so mad that you had

441
00:22:58,240 --> 00:23:01,400
Speaker 3: to feel shame through that process instead of going wow,

442
00:23:01,680 --> 00:23:04,200
Speaker 3: like we're not starting again, we're not starting from scratch.

443
00:23:04,240 --> 00:23:07,000
Speaker 3: We're just starting from here and like things can be

444
00:23:07,119 --> 00:23:09,360
Speaker 3: better and things can be different and you can feel

445
00:23:09,440 --> 00:23:12,199
Speaker 3: even more empowered, Like it should be an empowering journey,

446
00:23:12,520 --> 00:23:14,560
Speaker 3: and like I don't know how to get from where

447
00:23:14,680 --> 00:23:17,800
Speaker 3: that exists, because we know it does to Like every

448
00:23:17,800 --> 00:23:20,760
Speaker 3: single person who engages in this content doesn't feel shame.

449
00:23:20,800 --> 00:23:22,399
Speaker 3: They just feel like, oh my god, this could be

450
00:23:22,560 --> 00:23:25,840
Speaker 3: so good for me. But the content that you create

451
00:23:26,000 --> 00:23:28,760
Speaker 3: on a regular basis is doing that. Like, I just

452
00:23:28,840 --> 00:23:30,800
Speaker 3: know that the people that are tuning into rich black women,

453
00:23:30,960 --> 00:23:33,120
Speaker 3: they get off and they're like icons, look at them.

454
00:23:33,160 --> 00:23:36,560
Speaker 3: Go even your story. I'm like, look at this, like

455
00:23:36,720 --> 00:23:39,040
Speaker 3: this woman is absolutely killing it. And if we went

456
00:23:39,160 --> 00:23:43,720
Speaker 3: back and spoke to baby, you'd be like, not possible. Sorry,

457
00:23:44,320 --> 00:23:45,399
Speaker 3: you just proved it wrong.

458
00:23:45,960 --> 00:23:48,240
Speaker 2: It's so good now and just to see the young

459
00:23:48,640 --> 00:23:52,640
Speaker 2: women come through too that are starting their careers and yeah,

460
00:23:52,840 --> 00:23:57,280
Speaker 2: just like the confidence that they have and that's yeah,

461
00:23:57,359 --> 00:24:00,240
Speaker 2: that is just it's wise me all the time. You know.

462
00:24:00,320 --> 00:24:02,440
Speaker 2: There was a story of a mum who'd done now

463
00:24:02,840 --> 00:24:06,840
Speaker 2: one of our workshops and she's now teaching her babies,

464
00:24:07,040 --> 00:24:09,960
Speaker 2: like her little ones, how to budget with their allowance

465
00:24:10,080 --> 00:24:12,359
Speaker 2: and stuff. And I was like, that is taken your

466
00:24:12,440 --> 00:24:16,040
Speaker 2: power back, right, Like that is going, Okay, I might

467
00:24:16,119 --> 00:24:18,560
Speaker 2: not have all the answers and I don't. I don't

468
00:24:18,600 --> 00:24:21,040
Speaker 2: know everything, but what I do know, I'm now going

469
00:24:21,119 --> 00:24:24,879
Speaker 2: to transfer that knowledge onto my baby so that they

470
00:24:24,960 --> 00:24:27,320
Speaker 2: can have yeah, more than what I did it And

471
00:24:27,440 --> 00:24:28,440
Speaker 2: that's why we do what we do.

472
00:24:28,680 --> 00:24:32,240
Speaker 3: No, it's so beautiful, isn't it. First nations women retire

473
00:24:32,600 --> 00:24:37,800
Speaker 3: with much less supernuation on average, with average estimates being

474
00:24:37,840 --> 00:24:42,320
Speaker 3: around sixty one percent less than the superanuation balance of

475
00:24:42,400 --> 00:24:46,760
Speaker 3: non indigenous men. No, unacceptable, And obviously there needs to

476
00:24:46,840 --> 00:24:51,159
Speaker 3: be not just change, not just conversation, but systematic change.

477
00:24:52,160 --> 00:24:54,920
Speaker 3: What can individuals be doing to put themselves in a

478
00:24:55,000 --> 00:24:57,639
Speaker 3: better position when it comes to retirement, because, like I mean,

479
00:24:58,640 --> 00:25:00,919
Speaker 3: sometimes we're all just the same and talking about retirement.

480
00:25:00,920 --> 00:25:01,800
Speaker 3: It's not that sexy.

481
00:25:02,119 --> 00:25:06,200
Speaker 2: Yeah. No, And obviously disclaim this is not financial advice.

482
00:25:06,640 --> 00:25:09,400
Speaker 3: No, no, no, it's okay. There's a disclaimer on the podcast, babe,

483
00:25:09,440 --> 00:25:12,080
Speaker 3: there's a disclaimer in my show notes. This is just

484
00:25:12,200 --> 00:25:16,359
Speaker 3: a conversation between two friends about tools and resources that

485
00:25:16,440 --> 00:25:20,440
Speaker 3: you guys could access, and hopefully a conversation that makes

486
00:25:20,480 --> 00:25:22,560
Speaker 3: you go, maybe I should think about retirement because you're

487
00:25:22,560 --> 00:25:25,680
Speaker 3: at it's not that sexy, But I actually am in

488
00:25:25,720 --> 00:25:28,440
Speaker 3: control of this, and I actually could put future me

489
00:25:28,520 --> 00:25:31,560
Speaker 3: in the best possible position, and like maybe one day

490
00:25:31,960 --> 00:25:34,800
Speaker 3: we might have some type of intergenerational wealth and we

491
00:25:34,840 --> 00:25:35,639
Speaker 3: could brag about that.

492
00:25:36,000 --> 00:25:38,919
Speaker 2: Yeah. I think there's a couple of factors that are

493
00:25:39,000 --> 00:25:43,360
Speaker 2: contributing to this. That can be early access to super right,

494
00:25:43,520 --> 00:25:47,239
Speaker 2: so in severe financial high chip and so people need

495
00:25:47,320 --> 00:25:53,160
Speaker 2: to access their superannuation. The second situation is that women

496
00:25:53,720 --> 00:25:57,000
Speaker 2: are obviously taking time off to have babies, and then

497
00:25:57,119 --> 00:26:00,360
Speaker 2: even when them babies go to school, you know, there's

498
00:26:00,400 --> 00:26:02,920
Speaker 2: a sick date, Mum has to take time off, don't

499
00:26:02,960 --> 00:26:05,600
Speaker 2: get paid to you know, for those days, and so

500
00:26:05,720 --> 00:26:09,040
Speaker 2: she's working just far less in general, which is obviously

501
00:26:09,160 --> 00:26:13,040
Speaker 2: meaning that there's less contributions being made to her super annuation.

502
00:26:13,960 --> 00:26:18,760
Speaker 2: And women are take on more caring type responsibility roles

503
00:26:18,800 --> 00:26:21,359
Speaker 2: within their community. Right, and that is that you probably

504
00:26:21,960 --> 00:26:25,000
Speaker 2: spend less time working, which obviously means that there's less

505
00:26:25,280 --> 00:26:30,080
Speaker 2: at retirement. Each individual person circumstances are going to be different, right,

506
00:26:30,240 --> 00:26:32,800
Speaker 2: Like there's no one size fits all, but it's about

507
00:26:32,840 --> 00:26:35,320
Speaker 2: what you can do. And I want to circle back

508
00:26:35,400 --> 00:26:38,080
Speaker 2: kind of to the conversation, bring it back to myself

509
00:26:38,680 --> 00:26:42,720
Speaker 2: that like I had zero financial literacy skills whatsoever, but

510
00:26:43,000 --> 00:26:48,080
Speaker 2: over time really understanding the importance and significance of super

511
00:26:48,160 --> 00:26:52,320
Speaker 2: annuation to empower myself to understand how I can get

512
00:26:52,359 --> 00:26:55,240
Speaker 2: the best out of it for my retirement. And that

513
00:26:55,560 --> 00:26:59,600
Speaker 2: was talking to financial planners to understand how my super

514
00:26:59,640 --> 00:27:03,360
Speaker 2: manual should be invested. Because everyone who has a super

515
00:27:03,400 --> 00:27:07,840
Speaker 2: anuation fund it automatically goes into a default investment time,

516
00:27:08,359 --> 00:27:10,879
Speaker 2: and so most of us just leave it and we

517
00:27:10,960 --> 00:27:13,920
Speaker 2: don't interact with our super annuation until we're getting closer

518
00:27:13,960 --> 00:27:16,200
Speaker 2: retirement aid, and then by then it's too late. So

519
00:27:16,320 --> 00:27:19,360
Speaker 2: you're not getting compounded interest to the degree in which

520
00:27:19,440 --> 00:27:23,200
Speaker 2: you might if your investments were allocated somewhere else. And

521
00:27:23,320 --> 00:27:26,960
Speaker 2: so it's really important to kind of consider that, while

522
00:27:27,000 --> 00:27:30,959
Speaker 2: it seems so so far away, that it is something

523
00:27:31,080 --> 00:27:34,520
Speaker 2: that just having a phone call and talking to somebody

524
00:27:34,600 --> 00:27:37,360
Speaker 2: to get some level of advice around your super annuation,

525
00:27:37,880 --> 00:27:40,600
Speaker 2: because at the end of the day, what your supervaluation

526
00:27:40,760 --> 00:27:45,000
Speaker 2: is invested in will dictate how much you retire with right, absolutely, Yeah,

527
00:27:45,640 --> 00:27:49,600
Speaker 2: So talking to a financial planner around that, because again

528
00:27:49,880 --> 00:27:54,720
Speaker 2: everyone's individual circumstances are so different based off the work

529
00:27:54,760 --> 00:27:58,120
Speaker 2: you're doing. I mean, some people make additional contributions into

530
00:27:58,160 --> 00:28:01,240
Speaker 2: their super annuation and that could be a certain amount

531
00:28:01,920 --> 00:28:04,480
Speaker 2: that could be within your budget that would be helpful.

532
00:28:04,600 --> 00:28:08,200
Speaker 2: A financial planner would be able to assist in helping

533
00:28:08,240 --> 00:28:10,840
Speaker 2: you kind of understand what that might look like and

534
00:28:10,960 --> 00:28:13,960
Speaker 2: what might be reasonable. And I think too, I used

535
00:28:13,960 --> 00:28:17,920
Speaker 2: to underestimate so much about even just putting the smallest

536
00:28:17,960 --> 00:28:21,960
Speaker 2: bit away and investing it like, yeah, I've got money

537
00:28:22,000 --> 00:28:24,920
Speaker 2: in some additional investment. Because I started investing, I just

538
00:28:25,040 --> 00:28:26,920
Speaker 2: became a nerd about it. And I was like, I'm

539
00:28:27,000 --> 00:28:30,560
Speaker 2: so excited because like, home ownership might not be an

540
00:28:30,560 --> 00:28:32,239
Speaker 2: option for some people. So I was like, I want

541
00:28:32,280 --> 00:28:34,680
Speaker 2: to learn how to invest, Like what's this about? And

542
00:28:35,400 --> 00:28:39,200
Speaker 2: you know, I didn't even like even just the smallest amounts, like,

543
00:28:39,320 --> 00:28:42,080
Speaker 2: we'll still make a difference, and I think we underestimate that.

544
00:28:42,440 --> 00:28:45,760
Speaker 2: So yeah, just equipping yourself with the skills. There is

545
00:28:45,840 --> 00:28:49,680
Speaker 2: systematic issues, legislative issues, there's things that need to have,

546
00:28:50,280 --> 00:28:53,160
Speaker 2: you know, changes that are outside of our control. But

547
00:28:53,320 --> 00:28:55,800
Speaker 2: for me, it's all about what can you control with

548
00:28:55,920 --> 00:28:59,239
Speaker 2: what you have and understanding too. I think it's one

549
00:28:59,280 --> 00:29:01,640
Speaker 2: of the biggest issues in the superaluation sector is the

550
00:29:01,680 --> 00:29:04,520
Speaker 2: fact that most First Nations people, or a large majority

551
00:29:04,560 --> 00:29:07,640
Speaker 2: of First Nations people, will die before they reach preservation eight.

552
00:29:08,240 --> 00:29:11,040
Speaker 2: So they'll die before they get to sixty five. And

553
00:29:11,280 --> 00:29:13,480
Speaker 2: so then you would go, why would I care about this?

554
00:29:13,800 --> 00:29:18,000
Speaker 2: Because that then becomes a legacy plan for your family, right,

555
00:29:18,200 --> 00:29:22,120
Speaker 2: and so you putting money aside and taking care of

556
00:29:22,200 --> 00:29:25,160
Speaker 2: this nest egg. It's the first time in history, you

557
00:29:25,160 --> 00:29:28,200
Speaker 2: will have the opportunity to pass on into generational wealth.

558
00:29:28,960 --> 00:29:32,080
Speaker 2: And having that then means that your family will be

559
00:29:32,200 --> 00:29:34,840
Speaker 2: cared for after you've passed away, and.

560
00:29:34,880 --> 00:29:36,880
Speaker 3: You can make a plan for that. And I think

561
00:29:36,920 --> 00:29:38,920
Speaker 3: a lot of people. I have spoken to a lot

562
00:29:39,000 --> 00:29:41,200
Speaker 3: of First Nations people about that, and they're like, well,

563
00:29:41,320 --> 00:29:43,320
Speaker 3: my mum died at fifty five and my dad died

564
00:29:43,320 --> 00:29:45,240
Speaker 3: at sixty two and they never got to access it,

565
00:29:45,280 --> 00:29:48,680
Speaker 3: so why would I care? And valid, very very valid.

566
00:29:49,160 --> 00:29:53,360
Speaker 3: But you're creating the legacy that your ancestors weren't afforded

567
00:29:53,800 --> 00:29:57,120
Speaker 3: and now we can make change, and that is so beautiful,

568
00:29:57,240 --> 00:29:59,560
Speaker 3: and making a plan around that is so important. I

569
00:29:59,600 --> 00:30:03,120
Speaker 3: actually this morning recorded the second part to my mini

570
00:30:03,280 --> 00:30:06,840
Speaker 3: super series. I did like a two part thing on

571
00:30:07,000 --> 00:30:09,800
Speaker 3: the importance of not just being in your default portfolio,

572
00:30:09,920 --> 00:30:11,600
Speaker 3: what you can do to check your super how you

573
00:30:11,680 --> 00:30:14,280
Speaker 3: can do it, because as much as your recommendation of

574
00:30:14,400 --> 00:30:17,640
Speaker 3: talking to a financial planet is fantastic, it can also

575
00:30:17,720 --> 00:30:20,479
Speaker 3: feel really out of reach because we can't all afford

576
00:30:20,560 --> 00:30:23,680
Speaker 3: to go and get advice. The other thing I would say,

577
00:30:23,840 --> 00:30:25,720
Speaker 3: and I'll put all of the information in the show notes,

578
00:30:25,760 --> 00:30:28,080
Speaker 3: You guys are going to have a bank of resources

579
00:30:28,120 --> 00:30:30,440
Speaker 3: in there. I do apologize. But the other thing I

580
00:30:30,480 --> 00:30:33,040
Speaker 3: would say is if you have a superfund and you're

581
00:30:33,080 --> 00:30:35,760
Speaker 3: paying super fees, which spoiler you are, if you have

582
00:30:35,880 --> 00:30:39,200
Speaker 3: a super fund, you can call your supernuation fund for

583
00:30:39,440 --> 00:30:43,840
Speaker 3: free to discuss anything about your super balance, anything about

584
00:30:43,880 --> 00:30:47,000
Speaker 3: the fund, their performance, your risk profile, what you should

585
00:30:47,040 --> 00:30:48,800
Speaker 3: be investing in, what's going to put you in the

586
00:30:48,880 --> 00:30:53,360
Speaker 3: best possible position, all for free. So it's not necessarily

587
00:30:53,560 --> 00:30:55,960
Speaker 3: free because you're already paying your super fees for it,

588
00:30:56,080 --> 00:30:59,120
Speaker 3: but they're kind of non consensual fees that you're paying anyway,

589
00:30:59,360 --> 00:31:01,080
Speaker 3: so you may as well make the most out of it.

590
00:31:01,440 --> 00:31:04,440
Speaker 3: And I would say that most super funds, you're not

591
00:31:04,560 --> 00:31:08,120
Speaker 3: calling up the CEO. It's just normal people who talk

592
00:31:08,240 --> 00:31:12,440
Speaker 3: in normal language about these topics. And maybe that's not enough,

593
00:31:12,800 --> 00:31:15,160
Speaker 3: but like it's a really good place to start.

594
00:31:15,880 --> 00:31:17,880
Speaker 2: And one of the things that we're advocating for at

595
00:31:17,880 --> 00:31:22,400
Speaker 2: the moment is greater cultural competency within the superannuation sectors

596
00:31:22,600 --> 00:31:27,400
Speaker 2: call centers. So when our community calls up, they're dealing

597
00:31:27,480 --> 00:31:30,560
Speaker 2: with people that they feel safe, have any arm with,

598
00:31:30,920 --> 00:31:32,920
Speaker 2: right like they're not going to be judged, and there's

599
00:31:33,040 --> 00:31:36,920
Speaker 2: some support there. The superanuation has a long way to go,

600
00:31:37,320 --> 00:31:41,680
Speaker 2: but there is that support within the superannuation sector. And

601
00:31:41,840 --> 00:31:44,040
Speaker 2: I do want to say to one of the things

602
00:31:44,120 --> 00:31:46,840
Speaker 2: that we're currently advocating for. So I've met with their

603
00:31:46,880 --> 00:31:52,200
Speaker 2: assistant Treasurer Minisimolino two weeks ago to talk about changing

604
00:31:52,240 --> 00:31:56,200
Speaker 2: the legislation to include First Nations kinship structures.

605
00:31:56,200 --> 00:31:58,960
Speaker 3: I was about to ask about that, Yeah, I.

606
00:31:59,080 --> 00:32:01,800
Speaker 2: Bet you to it, because I mean, there's nothing that

607
00:32:01,880 --> 00:32:05,840
Speaker 2: can be done at an institutional level that's a legislative requirement.

608
00:32:05,960 --> 00:32:08,880
Speaker 2: And it looks like they're really engaged and have appetite

609
00:32:08,960 --> 00:32:14,400
Speaker 2: and really really interested in continuing to explore changes. But

610
00:32:14,760 --> 00:32:17,280
Speaker 2: it's not even First Nations kinship structures, right. I think,

611
00:32:17,320 --> 00:32:21,760
Speaker 2: more broadly, how we view family today is very very different.

612
00:32:22,480 --> 00:32:24,360
Speaker 2: You know, I'd like to be able to leave some

613
00:32:24,520 --> 00:32:27,600
Speaker 2: of my nephews some money, and like that's a whole

614
00:32:27,640 --> 00:32:32,320
Speaker 2: other conversation around beneficiaries and binding beneficiaries and the importance

615
00:32:32,400 --> 00:32:35,400
Speaker 2: of that. But one of my aunties, I didn't even know.

616
00:32:35,560 --> 00:32:38,720
Speaker 2: She wasn't even a real auntie of mine until I

617
00:32:38,800 --> 00:32:41,080
Speaker 2: thought she was like my actual auntie, But she was

618
00:32:41,120 --> 00:32:43,880
Speaker 2: my mum's cousin and that's so common, like it's just

619
00:32:43,960 --> 00:32:44,240
Speaker 2: such a.

620
00:32:44,280 --> 00:32:46,720
Speaker 3: Normal, still related, she's still in the club.

621
00:32:47,160 --> 00:32:49,640
Speaker 2: Yeah, Oh, she's definite. She was one of my favorite too.

622
00:32:50,200 --> 00:32:52,400
Speaker 2: But you know, if she had to go up against

623
00:32:52,400 --> 00:32:55,160
Speaker 2: the supervaluation sector to say well, I want access to

624
00:32:55,280 --> 00:32:57,880
Speaker 2: the death benefits associated with this super, she would have

625
00:32:57,960 --> 00:33:01,240
Speaker 2: been declined, you know. And so I just want to

626
00:33:01,280 --> 00:33:04,520
Speaker 2: assure everyone, like we're doing everything at First Nations Foundation

627
00:33:04,720 --> 00:33:09,400
Speaker 2: to definitely advocate in these spaces. Legislative changes take time,

628
00:33:09,600 --> 00:33:12,240
Speaker 2: but I think it's important that we should feel encouraged

629
00:33:12,320 --> 00:33:15,920
Speaker 2: anyway that change is happening and we have buy in

630
00:33:16,160 --> 00:33:19,600
Speaker 2: from the government, which is fantastic. Yeah, And I think

631
00:33:19,640 --> 00:33:21,880
Speaker 2: that that's a really important topic as well, because I

632
00:33:21,920 --> 00:33:25,920
Speaker 2: think it's so important that they are making the time

633
00:33:26,040 --> 00:33:28,440
Speaker 2: and the energy and the space to discuss how they

634
00:33:28,520 --> 00:33:30,880
Speaker 2: can make sure that your culture is respected when it

635
00:33:30,960 --> 00:33:34,120
Speaker 2: comes to super and it's just not. It's just not.

636
00:33:34,480 --> 00:33:38,080
Speaker 3: And you're right. In terms of beneficiaries, it's so limited.

637
00:33:38,600 --> 00:33:40,959
Speaker 3: I had a friend pass away recently and she had

638
00:33:41,000 --> 00:33:44,920
Speaker 3: listed her sister as her beneficiary and even that isn't

639
00:33:45,080 --> 00:33:48,320
Speaker 3: acceptable in the superannuation space. But you go, but it's

640
00:33:48,400 --> 00:33:50,960
Speaker 3: my money. It should be my choice, like what's going

641
00:33:51,040 --> 00:33:53,880
Speaker 3: on here? So there just needs to be so much

642
00:33:54,000 --> 00:33:56,160
Speaker 3: done in that space. And I'm grateful that you're standing

643
00:33:56,240 --> 00:33:58,680
Speaker 3: up and having conversations about that because to me, that's

644
00:33:58,760 --> 00:34:01,480
Speaker 3: more important than you know, just assister getting it. But

645
00:34:01,640 --> 00:34:05,160
Speaker 3: like sorry, you guys should have say over the money

646
00:34:05,200 --> 00:34:08,160
Speaker 3: that you earned and where it goes and how it's distributed,

647
00:34:08,560 --> 00:34:10,240
Speaker 3: not even just firstinations people.

648
00:34:10,440 --> 00:34:13,239
Speaker 2: I'm not married and I don't have children. If I

649
00:34:13,400 --> 00:34:16,200
Speaker 2: was to pass away tomorrow, where does my money go,

650
00:34:16,400 --> 00:34:20,160
Speaker 2: because you know, my kinships structure or the people around

651
00:34:20,200 --> 00:34:22,319
Speaker 2: me that I'm closest to. If I haven't listed, if

652
00:34:22,360 --> 00:34:25,440
Speaker 2: I don't even know that, I have to list beneficiaries,

653
00:34:26,160 --> 00:34:27,360
Speaker 2: which is like a lot of people.

654
00:34:28,200 --> 00:34:31,160
Speaker 3: Most people don't know, like genuinely, I'm I was a

655
00:34:31,200 --> 00:34:33,480
Speaker 3: financial adviser, so I know, but that's why I know.

656
00:34:34,160 --> 00:34:36,520
Speaker 3: And just the idea that then you would have to

657
00:34:36,920 --> 00:34:39,200
Speaker 3: and it becomes more complex and I don't want to

658
00:34:39,280 --> 00:34:41,759
Speaker 3: dive too deep into it, but like the way that

659
00:34:41,880 --> 00:34:44,840
Speaker 3: you would get that money to a friend or a

660
00:34:44,920 --> 00:34:47,359
Speaker 3: family member or to your you know, mum's cousin who's

661
00:34:47,360 --> 00:34:51,920
Speaker 3: actually your aunt, is via a trust and via nominating

662
00:34:52,000 --> 00:34:55,200
Speaker 3: your estate and then having a complete will set up

663
00:34:55,280 --> 00:34:58,600
Speaker 3: and a plan for that estate. But that's another complexity

664
00:34:58,640 --> 00:35:02,080
Speaker 3: that you haven't had the privilege understanding, and you can't

665
00:35:02,320 --> 00:35:05,760
Speaker 3: expect people to just rely on that when the logical

666
00:35:05,800 --> 00:35:08,320
Speaker 3: answer would be heylee, I just log into yours like

667
00:35:08,440 --> 00:35:10,239
Speaker 3: super account and just nominate who you want to get

668
00:35:10,280 --> 00:35:13,000
Speaker 3: your staff. Like, why is it not that simple?

669
00:35:14,760 --> 00:35:15,120
Speaker 2: Anyway?

670
00:35:15,160 --> 00:35:18,520
Speaker 3: I won't go on and on about that. So another

671
00:35:18,600 --> 00:35:21,640
Speaker 3: question I have is for our first nation's community members

672
00:35:21,800 --> 00:35:26,759
Speaker 3: who actually have limited ID or like mismatched details, which

673
00:35:26,840 --> 00:35:29,520
Speaker 3: then blocks them from opening up bank accounts or opening

674
00:35:29,600 --> 00:35:32,680
Speaker 3: up a subernuation account, what do we do? What do

675
00:35:32,840 --> 00:35:34,320
Speaker 3: you recommend that they do?

676
00:35:34,760 --> 00:35:38,400
Speaker 2: Yeah, such a great question, and it's a really common challenge.

677
00:35:39,000 --> 00:35:41,680
Speaker 2: I think it's really important to actually educate people on

678
00:35:41,960 --> 00:35:46,480
Speaker 2: why certain identification is required to so that people can

679
00:35:46,600 --> 00:35:48,759
Speaker 2: understand because some people are just like, well, you know,

680
00:35:48,840 --> 00:35:51,600
Speaker 2: what does it really matter? I think educating people is

681
00:35:51,719 --> 00:35:57,080
Speaker 2: super important, especially with the processes that happen within financial institutions.

682
00:35:57,560 --> 00:36:01,080
Speaker 2: Kycing is essentially a protoct or that's put in place

683
00:36:01,320 --> 00:36:04,640
Speaker 2: by oz Trapp, which is a regulator to ensure that

684
00:36:04,719 --> 00:36:07,040
Speaker 2: people are who they say that they are to protect

685
00:36:07,080 --> 00:36:10,760
Speaker 2: from money laundering and terrorism financing. So it's really really important.

686
00:36:11,000 --> 00:36:14,200
Speaker 2: It's important to protect you, and it's important to protect

687
00:36:14,280 --> 00:36:19,080
Speaker 2: our communities to ensure that criminal activity is not happening.

688
00:36:19,200 --> 00:36:24,360
Speaker 2: And so while sometimes these processes can seem really rigid

689
00:36:24,520 --> 00:36:28,680
Speaker 2: and frustrating, they are there to protect us. But there

690
00:36:28,840 --> 00:36:32,600
Speaker 2: is what's called an Alternative forms of Identification guideline that

691
00:36:32,719 --> 00:36:35,719
Speaker 2: was put out by os TRACK to accommodate not just

692
00:36:35,840 --> 00:36:38,640
Speaker 2: First Nations people but vulnerable people in general. So you're

693
00:36:38,840 --> 00:36:42,080
Speaker 2: a person who has fled a domestic violence situation and

694
00:36:42,160 --> 00:36:45,560
Speaker 2: you don't have any identification with you, but you need

695
00:36:45,640 --> 00:36:49,040
Speaker 2: to access your super or money from your bank or

696
00:36:49,120 --> 00:36:52,520
Speaker 2: something along those lines. Those institutions have to comply with

697
00:36:52,680 --> 00:36:56,439
Speaker 2: that alternative forms of identification. And so if your MOB

698
00:36:56,600 --> 00:36:58,520
Speaker 2: and all you've put is a community card, maybe you

699
00:36:58,560 --> 00:37:01,319
Speaker 2: don't have a birth certificate or anything like that, all

700
00:37:01,400 --> 00:37:04,000
Speaker 2: of the institutions now should be in a position where

701
00:37:04,440 --> 00:37:07,800
Speaker 2: they can use that alternative forms of identification. And that

702
00:37:07,960 --> 00:37:10,600
Speaker 2: could be too even if you're in a remote more

703
00:37:10,719 --> 00:37:14,680
Speaker 2: remote community and you don't have access to the conventional

704
00:37:14,840 --> 00:37:17,520
Speaker 2: services like branches and all that sort of stuff called

705
00:37:17,600 --> 00:37:20,440
Speaker 2: JPS or police or anything. You can actually get a

706
00:37:20,520 --> 00:37:24,480
Speaker 2: referee form signed by an elder in community that can say, yeah,

707
00:37:24,560 --> 00:37:27,080
Speaker 2: I attest to the fact that this person is who

708
00:37:27,160 --> 00:37:30,200
Speaker 2: they say that they are, and so there are options there.

709
00:37:30,239 --> 00:37:32,640
Speaker 2: So if at any point you're ever turned down by

710
00:37:32,719 --> 00:37:35,160
Speaker 2: an institution to say well, if you don't have a

711
00:37:35,239 --> 00:37:39,040
Speaker 2: driver's license or these are mismatching or anything along like that,

712
00:37:39,760 --> 00:37:42,320
Speaker 2: you absolutely you should be able to turn around to

713
00:37:42,360 --> 00:37:44,720
Speaker 2: them and say, well, don't you have the alternative forms

714
00:37:44,719 --> 00:37:48,080
Speaker 2: of identification? Yeah, And that can be really frustrating, And

715
00:37:48,120 --> 00:37:50,200
Speaker 2: we've had a lot of dms from people who have

716
00:37:50,320 --> 00:37:52,719
Speaker 2: been in situations like that. Actually, I'm finding that it's

717
00:37:52,760 --> 00:37:56,640
Speaker 2: more people inquiring their first nations, but it's for like

718
00:37:56,719 --> 00:37:59,719
Speaker 2: their parents or even their grandparents who maybe haven't had that.

719
00:37:59,760 --> 00:38:02,840
Speaker 2: For like, I had a situation where someone was dming

720
00:38:02,920 --> 00:38:04,520
Speaker 2: me recently and they're like, I'm trying to set my

721
00:38:04,560 --> 00:38:06,560
Speaker 2: mom up because my dad did all of it before

722
00:38:06,640 --> 00:38:09,560
Speaker 2: and now he's not around anymore. Like it's the first

723
00:38:09,600 --> 00:38:11,440
Speaker 2: time she's had a bank account in her name, but

724
00:38:11,480 --> 00:38:14,120
Speaker 2: we need it obviously, she just doesn't have it. And

725
00:38:14,520 --> 00:38:16,879
Speaker 2: being remote can be so overwhelming and you just think

726
00:38:17,040 --> 00:38:20,200
Speaker 2: there aren't any options, but there are so just yeah,

727
00:38:20,280 --> 00:38:22,160
Speaker 2: and I think that your website provides a lot of

728
00:38:22,640 --> 00:38:26,480
Speaker 2: really good resources, and like just keep asking, like it's

729
00:38:26,560 --> 00:38:29,360
Speaker 2: not embarrassing to ask. If they say no, it's actually

730
00:38:29,440 --> 00:38:32,320
Speaker 2: because they don't understand it, and you're not in this

731
00:38:32,480 --> 00:38:35,920
Speaker 2: position on your own. Like it's so common, Like it's

732
00:38:36,000 --> 00:38:38,279
Speaker 2: literally coming up as a question that I have put

733
00:38:38,320 --> 00:38:40,200
Speaker 2: in the first episode with you because it comes up

734
00:38:40,239 --> 00:38:44,319
Speaker 2: so damn often. Well, what I think the great things

735
00:38:44,600 --> 00:38:47,120
Speaker 2: at the moment? Pretty I would say pretty much. Most

736
00:38:47,160 --> 00:38:50,160
Speaker 2: of the major banks have indigenous customer service teams too

737
00:38:50,760 --> 00:38:55,320
Speaker 2: that are specialized to help assist mob with focals. And

738
00:38:55,480 --> 00:38:58,200
Speaker 2: I don't know necessarily know if everybody knows that, But

739
00:38:58,280 --> 00:39:00,839
Speaker 2: if you say, for instance, we're to call up your

740
00:39:00,880 --> 00:39:03,880
Speaker 2: financial institution and say, look, I identify as Aboriginal and

741
00:39:04,080 --> 00:39:07,399
Speaker 2: or Horris straight Islander. Do you have an Aboriginal call

742
00:39:07,480 --> 00:39:10,040
Speaker 2: center or something that I can go through to? Most

743
00:39:10,160 --> 00:39:14,480
Speaker 2: of them do? I know? One hundred percent that's CBA, Westpac, NAB.

744
00:39:15,040 --> 00:39:16,360
Speaker 3: I believe the Big four do.

745
00:39:16,719 --> 00:39:19,680
Speaker 2: Yeah, So if you have a situation with like identification

746
00:39:19,960 --> 00:39:22,640
Speaker 2: or something along those lines, they should be able to

747
00:39:22,719 --> 00:39:25,440
Speaker 2: help assist you in navigating those but I think one

748
00:39:25,480 --> 00:39:28,120
Speaker 2: of the biggest problems is the lack of awareness around

749
00:39:28,160 --> 00:39:30,360
Speaker 2: those call centers existing in the first place.

750
00:39:30,520 --> 00:39:32,640
Speaker 3: We just don't know, like why would you know to

751
00:39:32,760 --> 00:39:34,719
Speaker 3: call up the bank, and when you're talking to the bank,

752
00:39:34,840 --> 00:39:38,279
Speaker 3: be like, hey, is this relevant? Like sometimes you don't

753
00:39:38,360 --> 00:39:40,960
Speaker 3: want to bring that up either, but I think it's

754
00:39:41,000 --> 00:39:44,080
Speaker 3: really important to just ask what's the worst thing? They say, Oh, no,

755
00:39:44,160 --> 00:39:47,040
Speaker 3: we don't have that. I'd be considering changing banks.

756
00:39:48,160 --> 00:39:51,920
Speaker 2: Yeah, that's it. So yeah, I'm like going straight through

757
00:39:51,960 --> 00:39:54,280
Speaker 2: to them, and they've got the tools and the skills

758
00:39:54,400 --> 00:39:57,239
Speaker 2: and that to be able to assist Mom in any

759
00:39:57,280 --> 00:40:00,919
Speaker 2: of those difficult situations. But yeah, absolutely, all right, I'm

760
00:40:01,320 --> 00:40:03,239
Speaker 2: very quickly running out of time with you. I feel

761
00:40:03,239 --> 00:40:05,320
Speaker 2: like we've had the best chat and I'm so grateful

762
00:40:05,400 --> 00:40:08,200
Speaker 2: for it. So can you explain humbugging and share a

763
00:40:08,239 --> 00:40:11,560
Speaker 2: couple of practical tips for setting boundaries while keeping strong

764
00:40:11,680 --> 00:40:15,520
Speaker 2: relationships because that could be really hard. Yeah. Again, it

765
00:40:15,600 --> 00:40:19,839
Speaker 2: comes down to that conversation around first nations, people participating

766
00:40:19,920 --> 00:40:24,560
Speaker 2: in a sharing economy, and when that's sharing and the reciprocity, right,

767
00:40:24,680 --> 00:40:28,759
Speaker 2: everyone's participating, there's this give and tape natural EBB and

768
00:40:28,880 --> 00:40:33,800
Speaker 2: flow of resources in community. That is a sharing economy.

769
00:40:33,840 --> 00:40:38,879
Speaker 2: It's where everyone is participating. And humbugging is where you're

770
00:40:40,080 --> 00:40:45,320
Speaker 2: essentially targeted because you're the primary breadwinner in community or

771
00:40:45,440 --> 00:40:49,319
Speaker 2: in your family. And we see this a lot with footballers, right,

772
00:40:49,520 --> 00:40:52,959
Speaker 2: Like they're on high incomes and then they go home

773
00:40:53,040 --> 00:40:56,520
Speaker 2: to community and they're left with nothing. We know a

774
00:40:56,640 --> 00:41:00,600
Speaker 2: famous footballers that have retired with absolutely nothing, right, And

775
00:41:00,719 --> 00:41:04,120
Speaker 2: so that is humbugging. It is when people are taking

776
00:41:04,239 --> 00:41:06,840
Speaker 2: from you. And one of the great things about the

777
00:41:07,000 --> 00:41:10,880
Speaker 2: First Nations Foundation financial literacy programs is we address a

778
00:41:10,920 --> 00:41:13,400
Speaker 2: lot of that humbugging and how to actually deal with it.

779
00:41:13,719 --> 00:41:18,200
Speaker 2: We actually help you budget in kinship obligations, right, so

780
00:41:18,320 --> 00:41:20,840
Speaker 2: instead of going this is not like you know, like

781
00:41:20,960 --> 00:41:23,799
Speaker 2: whatever whatever's left ee, role just give out, it's how

782
00:41:23,880 --> 00:41:27,279
Speaker 2: do you budget in those kinship obligations. So humbugging is

783
00:41:27,600 --> 00:41:30,600
Speaker 2: financial abuse. It's just what the term that we call it.

784
00:41:31,239 --> 00:41:35,759
Speaker 2: And yeah, it just happens when you're constantly targeted and

785
00:41:36,480 --> 00:41:39,080
Speaker 2: you know, then you're left with no money or resources

786
00:41:39,120 --> 00:41:43,120
Speaker 2: for yourself. And so it starts by I think the

787
00:41:43,160 --> 00:41:45,480
Speaker 2: way to overcome it, or the way in which we

788
00:41:45,640 --> 00:41:48,120
Speaker 2: teach people in order to deal with it is to

789
00:41:48,200 --> 00:41:52,680
Speaker 2: remove the shame around it and to understand that there's

790
00:41:52,719 --> 00:41:55,520
Speaker 2: nothing wrong with you wanting to support your community. That's

791
00:41:55,560 --> 00:41:58,200
Speaker 2: a beautiful thing, but it's also important that you protect

792
00:41:58,239 --> 00:42:01,919
Speaker 2: yourself because you might end up in a situation where

793
00:42:02,080 --> 00:42:04,800
Speaker 2: something happens and you need cash and you need a

794
00:42:04,840 --> 00:42:07,759
Speaker 2: little bit of money aside. One of the things that

795
00:42:07,920 --> 00:42:10,600
Speaker 2: we help people do, like I mentioned, was actually budgeting

796
00:42:10,880 --> 00:42:13,759
Speaker 2: kinship obligation. So we go through the budgeting tool and

797
00:42:13,880 --> 00:42:16,279
Speaker 2: then go, you know, like I know Auntie comes to

798
00:42:16,360 --> 00:42:19,640
Speaker 2: me every week for fifty dollars to get X, Y

799
00:42:19,680 --> 00:42:21,160
Speaker 2: and Z or whatever it is, and I know that

800
00:42:21,280 --> 00:42:23,279
Speaker 2: this person does, and we know that this person does,

801
00:42:23,320 --> 00:42:25,800
Speaker 2: and it's like, okay, well, what can you realistically budget

802
00:42:25,880 --> 00:42:29,760
Speaker 2: for with your kinship obligations whilst also putting money aside.

803
00:42:30,000 --> 00:42:31,680
Speaker 2: Maybe you have three hundred dollars at the end of

804
00:42:31,719 --> 00:42:34,040
Speaker 2: the week. Maybe you decide that one hundred and fifty

805
00:42:34,080 --> 00:42:36,600
Speaker 2: of that goes into your savings, your rainy day funds,

806
00:42:37,560 --> 00:42:39,360
Speaker 2: and then one hundred and fifty that goes to your

807
00:42:39,480 --> 00:42:42,880
Speaker 2: kinship obligations, right, and just learning to say, look, I

808
00:42:42,960 --> 00:42:45,560
Speaker 2: don't have fifty, but I have twenty because I also

809
00:42:45,680 --> 00:42:48,560
Speaker 2: got to give this person thirty or you know, and

810
00:42:48,719 --> 00:42:52,759
Speaker 2: kind of making sure that there's boundaries in place. It's

811
00:42:52,840 --> 00:42:55,320
Speaker 2: not saying no, I'm not helping you. It's saying I

812
00:42:55,400 --> 00:42:57,680
Speaker 2: will help you, but I will help you within these

813
00:42:57,760 --> 00:43:01,480
Speaker 2: limitations and these boundaries. You know, maybe I can give

814
00:43:01,520 --> 00:43:04,880
Speaker 2: you twenty this weekend, thirty next week or something like that,

815
00:43:05,080 --> 00:43:07,440
Speaker 2: but you are always making sure that there is a

816
00:43:07,520 --> 00:43:11,080
Speaker 2: portion of that money that's kept aside to kind of

817
00:43:11,360 --> 00:43:14,520
Speaker 2: help you build up your wealth and do the things

818
00:43:14,560 --> 00:43:17,839
Speaker 2: that you want to do whilst yeah, again like being

819
00:43:17,920 --> 00:43:19,040
Speaker 2: able to support mom.

820
00:43:19,040 --> 00:43:21,480
Speaker 3: And it's a really challenging situation to be in. And

821
00:43:21,800 --> 00:43:23,960
Speaker 3: obviously I have not been in this situation, but I

822
00:43:24,000 --> 00:43:26,880
Speaker 3: have had the privilege of talking to our community members

823
00:43:26,960 --> 00:43:30,600
Speaker 3: who have been, and often you find and like, I

824
00:43:30,680 --> 00:43:32,680
Speaker 3: feel like this question is going to really resonate with

825
00:43:32,760 --> 00:43:35,720
Speaker 3: the community that listened to this episode, because more often

826
00:43:35,800 --> 00:43:38,480
Speaker 3: than not, the community I talk to in She's on

827
00:43:38,560 --> 00:43:40,920
Speaker 3: the Money, who are First Nations women. They are the

828
00:43:40,960 --> 00:43:43,000
Speaker 3: first to go to university, and they're the first to

829
00:43:43,080 --> 00:43:47,480
Speaker 3: be bringing in really large paychecks. Like we're not talking astronomical,

830
00:43:47,560 --> 00:43:49,839
Speaker 3: but like they are seen in their communities as having

831
00:43:49,880 --> 00:43:53,680
Speaker 3: a lot of money, and more often than not, sometimes

832
00:43:53,719 --> 00:43:56,640
Speaker 3: it's not about other people taking advantage of you, because

833
00:43:56,640 --> 00:43:59,279
Speaker 3: they don't realize that that's what's going on. But like

834
00:43:59,719 --> 00:44:03,040
Speaker 3: you're so visible in your community that lots of people

835
00:44:03,160 --> 00:44:05,560
Speaker 3: come to you and it's so easy to say yes

836
00:44:05,600 --> 00:44:07,800
Speaker 3: and you want to and it's so kind and generous.

837
00:44:08,120 --> 00:44:10,400
Speaker 3: But we also live in a very modern economy that

838
00:44:10,840 --> 00:44:13,080
Speaker 3: I need you. I'm really sorry, I really need you

839
00:44:13,160 --> 00:44:15,840
Speaker 3: to have an emergency fund, Like you still have to

840
00:44:15,880 --> 00:44:18,279
Speaker 3: pay your car regro. We can't be going into debt

841
00:44:18,400 --> 00:44:20,880
Speaker 3: for these things. So there is a very beautiful balance

842
00:44:20,920 --> 00:44:23,680
Speaker 3: that we need to find of kinship obligations. But then

843
00:44:23,680 --> 00:44:25,759
Speaker 3: also like making sure that you're in cup is full,

844
00:44:25,800 --> 00:44:28,040
Speaker 3: and you were talking about that before, like you can't

845
00:44:28,120 --> 00:44:30,400
Speaker 3: pour from an empty cup, and you're seeing, you know,

846
00:44:30,880 --> 00:44:33,200
Speaker 3: mums not even being able to feed themselves because they've

847
00:44:33,239 --> 00:44:36,120
Speaker 3: basically given it all away, and I just go that

848
00:44:36,280 --> 00:44:39,359
Speaker 3: human being must be so beautiful. But I also want

849
00:44:39,400 --> 00:44:42,120
Speaker 3: to be like, girl, please stop, Like we need to

850
00:44:42,200 --> 00:44:44,160
Speaker 3: have some type of boundary, and it can be really

851
00:44:44,239 --> 00:44:45,760
Speaker 3: hard to have those conversations.

852
00:44:46,000 --> 00:44:48,600
Speaker 2: When I was in my early, very very early twenties,

853
00:44:48,680 --> 00:44:51,640
Speaker 2: left school and started working I dropped out of work

854
00:44:51,680 --> 00:44:53,239
Speaker 2: a number of times because I was like, I don't

855
00:44:53,280 --> 00:44:55,680
Speaker 2: see the point because by the time it came payday,

856
00:44:56,360 --> 00:44:58,680
Speaker 2: I had no money anyway, and I was like, what's

857
00:44:58,760 --> 00:45:00,920
Speaker 2: going to getting up and going to work? And then

858
00:45:01,000 --> 00:45:03,480
Speaker 2: I started having to learn how to say no, but

859
00:45:04,000 --> 00:45:07,440
Speaker 2: to leave. On that note that I had to realize

860
00:45:07,520 --> 00:45:11,359
Speaker 2: that my kindness was also to some degree, enabling really

861
00:45:11,440 --> 00:45:14,880
Speaker 2: destructive behavior for other people. And so while for me,

862
00:45:15,120 --> 00:45:16,879
Speaker 2: I was like, I want to give, and I want

863
00:45:16,920 --> 00:45:19,120
Speaker 2: to I want to be kind and I want to

864
00:45:19,239 --> 00:45:22,040
Speaker 2: be generous and share because I know that I'm blessed

865
00:45:22,040 --> 00:45:24,320
Speaker 2: to be in the position that I meet. And what

866
00:45:24,480 --> 00:45:27,400
Speaker 2: I didn't understand was yet to some degree I was

867
00:45:27,600 --> 00:45:31,239
Speaker 2: enabling some unhealthy behaviors and other people and that isn't love.

868
00:45:32,040 --> 00:45:34,360
Speaker 2: And so that's when I started to learn how to

869
00:45:34,480 --> 00:45:37,200
Speaker 2: have those healthy boundaries for myself and what did that

870
00:45:37,360 --> 00:45:37,719
Speaker 2: look like?

871
00:45:38,040 --> 00:45:40,759
Speaker 3: And that can be really hard, Like that's not just like,

872
00:45:40,880 --> 00:45:44,360
Speaker 3: oh'll get some boundaries. Like that's a very challenging conversation

873
00:45:44,560 --> 00:45:47,879
Speaker 3: because I mean the process, Oh yeah, and we could

874
00:45:47,920 --> 00:45:49,680
Speaker 3: like have this whole conversation. You could go to a

875
00:45:49,760 --> 00:45:52,520
Speaker 3: financial counselor and like they can give you all these strategies,

876
00:45:52,560 --> 00:45:54,799
Speaker 3: and then when your aunt comes to ask for money again,

877
00:45:54,880 --> 00:45:57,560
Speaker 3: you're like, yeah, that's fine, Like you just don't want

878
00:45:57,600 --> 00:46:01,400
Speaker 3: to have the confrontational conversation. Like these things are challenging.

879
00:46:01,520 --> 00:46:04,720
Speaker 3: And I think that's why your services are so valid,

880
00:46:04,800 --> 00:46:07,239
Speaker 3: because you're creating that space and that community where you

881
00:46:07,280 --> 00:46:09,800
Speaker 3: can have those conversations and be part of it, and

882
00:46:10,400 --> 00:46:12,640
Speaker 3: it just it makes me so excited that you exist.

883
00:46:12,760 --> 00:46:14,520
Speaker 3: And I know that we're coming to the end of

884
00:46:14,600 --> 00:46:16,440
Speaker 3: this episode, but of course I'm going to put all

885
00:46:16,480 --> 00:46:18,879
Speaker 3: of the details for the First Nation's Foundation and every

886
00:46:18,920 --> 00:46:21,840
Speaker 3: single resource that we have discussed in this podcast in

887
00:46:21,920 --> 00:46:25,719
Speaker 3: the show notes for you, Leah, thank you so much

888
00:46:25,880 --> 00:46:29,000
Speaker 3: for joining us and giving our community just such practical

889
00:46:29,080 --> 00:46:31,840
Speaker 3: things that they can do with their finances. And guys,

890
00:46:32,000 --> 00:46:34,840
Speaker 3: if you found this episode helpful, please share it with

891
00:46:34,920 --> 00:46:37,160
Speaker 3: a friend, and don't forget to subscribe because we've got

892
00:46:37,239 --> 00:46:39,279
Speaker 3: so many more episodes here to help you get your

893
00:46:39,360 --> 00:46:42,120
Speaker 3: money sorted and they are all coming your way. Guys,

894
00:46:42,239 --> 00:46:43,120
Speaker 3: see you next time.

895
00:46:43,440 --> 00:46:43,640
Speaker 2: Bye.

896
00:46:50,120 --> 00:46:52,560
Speaker 3: If I shared on She's on the Money is general

897
00:46:52,640 --> 00:46:53,319
Speaker 3: in nature and.

898
00:46:53,400 --> 00:46:57,000
Speaker 2: Does not consider your individual circumstances, She's on the Money

899
00:46:57,120 --> 00:47:00,680
Speaker 2: exists purely for educational purposes and should not be relied

900
00:47:00,760 --> 00:47:03,160
Speaker 2: upon to make an investment or financial decision.

901
00:47:03,560 --> 00:47:06,000
Speaker 3: If you do choose to buy a financial product, read

902
00:47:06,040 --> 00:47:10,160
Speaker 3: the PDS TMD and obtain appropriate financial advice tailored towards

903
00:47:10,200 --> 00:47:13,480
Speaker 3: your needs. Victoria Divine and Sheese on the Money are

904
00:47:13,560 --> 00:47:17,120
Speaker 3: authorized representatives of Money sherper p T y lt D

905
00:47:17,400 --> 00:47:20,120
Speaker 3: A b N three two one six four nine two

906
00:47:20,239 --> 00:47:24,080
Speaker 3: seven seven zero eight AFSL four five one two eight

907
00:47:24,239 --> 00:47:24,439
Speaker 3: nine