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Speaker 1: She's on the money. She's on the Money. Hello and welcome.

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Speaker 1: She's on the Money. The podcast for millennials who want

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Speaker 1: financial freedom. Now, today we've decided to shake things up

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Speaker 1: a little bit. It's Q and eight A and we'll

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Speaker 1: be answering our community's most burning finance career and life topics.

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Speaker 1: And boy oh boy are there talking about boy crack

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Speaker 1: is to get to Well, maybe that'll come up. There

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Speaker 1: actually is a question about partners at one point, So okay,

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Speaker 1: I like, She's on the Money, the podcast for millennials who.

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Speaker 2: Just want advice, like, not financial freedom. We're now just

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Speaker 2: working towards an advice style that.

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Speaker 1: Could be and do it well. That could be a

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Speaker 1: new pod girl we'll talk about in our lifestyle stunning. Now.

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Speaker 1: My name is Georgia King. I'm a what am I

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Speaker 1: a podcaster? General? No copyright? I don't even know who

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Speaker 1: you are?

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Speaker 2: Now?

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Speaker 3: Maybe to go into pop culture that could be fun.

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Speaker 3: Joining me as always is Victoria Divine V. Why are

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Speaker 3: you so excited about today's Q and A episode is

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Speaker 3: a bit different from us.

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Speaker 2: I just think it's really fun, how fun to do

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Speaker 2: a little Q and A. I feel like we should

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Speaker 2: do more of these, I mean, depending on how this

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Speaker 2: one goes, but being able to interact with the community

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Speaker 2: is literally my favorite thing ever. So knowing that we

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Speaker 2: just get to answer a whole bunch of community questions

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Speaker 2: on an entire episode hopefully is going to be really

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Speaker 2: relatable but also super fun for you guys to listen

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Speaker 2: to as well, because we've both tried Georgia really hard

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Speaker 2: to make sure that all the questions are kind of

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Speaker 2: ones you probably were already thinking about, not necessarily just

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Speaker 2: like left of field ones where people are giving their

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Speaker 2: entire life story and you're like, that has nothing to

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Speaker 2: do with me. So hopefully everyone can learn a little

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Speaker 2: bit and you know, take away few hot tips that

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Speaker 2: might help them financially.

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Speaker 1: The questions are quite varied as well, which we love.

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Speaker 1: And before we get into it, just a pig shout

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Speaker 1: out to everyone who responded to my Q and a

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Speaker 1: post in the group V you were impressed with the photoshop, Yeah,

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Speaker 1: if I recall correctly, but no, we had such a

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Speaker 1: great response and unfortunately not every question could be in here,

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Speaker 1: otherwise we would be here until twenty twenty two. All Right,

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Speaker 1: the enough chatter from us, Let's get into it. Our

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Speaker 1: first question for today is from Christina, who has asked,

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Speaker 1: how can you save for a house deposit and invest

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Speaker 1: in shares at the same time. Is it better to

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Speaker 1: take longer to save up and invest simultaneously or should

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Speaker 1: you focus all of your energy on saving first Georgia

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Speaker 1: poor Kenna lost us Ni.

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Speaker 2: No, that's probably not the answer, and that's actually still

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Speaker 2: my favorite ad like why not both? And the reason

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Speaker 2: is because it's slowing down your goal and being able

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Speaker 2: to achieve them. So, if you want to save for

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Speaker 2: a house deposit, we all know that is one of

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Speaker 2: the most overwhelming financial goals you can take on yourself,

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Speaker 2: and to save up probably one hundred thousand dollars is

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Speaker 2: going to take not only a significant sacrifice on your behalf,

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Speaker 2: but a significant chunk of your time. And so when

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Speaker 2: it comes to saving for a house deposit, when it

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Speaker 2: comes to my clients, and when it comes to my

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Speaker 2: friends and most people in our community, you often see

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Speaker 2: people say, you know what, I'm not going to invest

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Speaker 2: in shares while saving for a house deposit because that's

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Speaker 2: going to slow down my goal of getting into the

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Speaker 2: housing market, which I think is really reasonable and something

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Speaker 2: we all need to consider. But the answer is actually

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Speaker 2: based on your individual budget and your individual cash flow.

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Speaker 2: For example, Georgie, if you said to me the I've

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Speaker 2: got five hundred dollars a month that I can put

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Speaker 2: into a house deposit, and I go, great, Gee, that's

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Speaker 2: really exciting. You're going to be able to save and

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Speaker 2: you know what time frame does that look like? You

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Speaker 2: to achieve my goal, It's going to take ten years,

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Speaker 2: and I go, Okay, fantastic, let's start working towards that.

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Speaker 1: But investing in chairs, as.

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Speaker 2: Much as I'm obviously very excited about it, is another

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Speaker 2: asset that is going to take away your cash flow.

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Speaker 2: And essentially, the more you're putting into the house opposite,

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Speaker 2: the quicker you're going to be able to achieve that goal.

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Speaker 2: So it's all about priorities. And I think that too

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Speaker 2: many times people listen to Shees on the Money and

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Speaker 2: listen to me and to you, George, and they go,

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Speaker 2: oh my gosh, like, oh, I feel like I'm missing

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Speaker 2: out because I'm not investing in chairs yet. You don't

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Speaker 2: have to start today, you can start in the future.

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Speaker 2: You can start at whatever time works for you. And

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Speaker 2: as we always say, George, get out of personal debt

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Speaker 2: before you start saving for a house deposit or start

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Speaker 2: investing in chares, because investing in debt reduction is an

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Speaker 2: investment in itself. But I don't genuinely believe that there

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Speaker 2: is a straight answer to is it better to take

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Speaker 2: longer to save up and invest simultaneously or focus all

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Speaker 2: your energy on your savings first, because the answer isn't

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Speaker 2: necessarily a financial one, but more a personal goals one.

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Speaker 2: So if I said to you, Georgia, all right, well

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Speaker 2: do you want to buy a house first or save

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Speaker 2: for shares, you might go be all I want is

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Speaker 2: a house. I want to get into the property market asap.

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Speaker 2: And in which case I'd say, okay, well, your goals

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Speaker 2: are more aligned to saving for a house to posit,

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Speaker 2: maybe put the shares on the shelf for a little while,

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Speaker 2: and once you've got your mortgage and you know what

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Speaker 2: your cash flow looks like, at that point where we

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Speaker 2: can start an investment portfolio. But if you go, oh,

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Speaker 2: I'm saving for a house, but like, I'm really passionate

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Speaker 2: about shares, and I don't mind if that goal of

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Speaker 2: saving for a house takes me a little bit longer,

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Speaker 2: then great, we can do both at once. But it's

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Speaker 2: definitely down to what is going to suit you, what

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Speaker 2: is going to suit your lifestyle, and why are we

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Speaker 2: making these decisions? Yeah?

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Speaker 1: Perfect, So, yeah, it just depends on your priorities, and

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Speaker 1: you're welcome to do both at once if you like,

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Speaker 1: but that may not serve you if you do have

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Speaker 1: the priority of getting straight into the housing market.

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Speaker 2: Yeah. Absolutely, Like, for example, Georgia, I put purchasing shares

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Speaker 2: on hold for a little while while Steve and I

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Speaker 2: aggressively saved the rest of our house deposit because I

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Speaker 2: was like, no, I just want every dollar that we

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Speaker 2: have going into this house deposit so that we can

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Speaker 2: get there sooner. And now that we have the mortgage,

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Speaker 2: I'm now investing again. But again, everybody's cash flow and

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Speaker 2: budget is going to be different.

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Speaker 1: Love that, Okay, hopefully that helps you out there, Christina.

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Speaker 1: Our next question V is from Julie. Now. She wants

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Speaker 1: to know where she should focus as a woman in

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Speaker 1: her forties who hasn't always made the best life choices,

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Speaker 1: mostly when it comes to men.

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Speaker 2: She says, I mean, i'd say relatable, but it's not

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Speaker 2: relatable to me yet yet.

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Speaker 1: So she's asking if she should focus on her super

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Speaker 1: or outside investments. Her real concern is that she might

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Speaker 1: be spreading her finances a little too thin and is

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Speaker 1: wondering if it is better to focus on one area

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Speaker 1: instead of multiple.

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Speaker 2: I'm gonna be a typical financial advisor and say, if

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Speaker 2: you're in your forties and that's the situation you are in,

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Speaker 2: speak to a financial advisor. I promise you it will

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Speaker 2: be one of the best investments you make, because not

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Speaker 2: only are they going to show you where to not

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Speaker 2: spread yourself thin, they're actually going to be able to

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Speaker 2: create a strategy that turbo charges your super or any

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Speaker 2: of your other investments to make sure that you're achieving

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Speaker 2: the financial freedom and the retirement that you want to.

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Speaker 2: If you're in your forties, it's very likely you have

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Speaker 2: maybe twenty twenty five years left of working, which is

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Speaker 2: so much time.

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Speaker 1: Like you have not.

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Speaker 2: Left it too late. In fact, you have heaps of

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Speaker 2: time to create this wealth and actually get ahead. So

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Speaker 2: my advice would be go and see a financial advisor.

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Speaker 2: But obviously that isn't the most constructive answer, especially for

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Speaker 2: a podcast where we're trying to teach people financial freedom

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Speaker 2: on their own. So I would then say, definitely weigh

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Speaker 2: up what the difference is like with super it's an

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Speaker 2: incredibly tax effective environment, but there are also caps on

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Speaker 2: how much we can contribute each and every single year.

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Speaker 2: And in a situation where you are saying you maybe

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Speaker 2: haven't made the best financial choices historically, you're probably actually

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Speaker 2: going to want to do a mix of both because

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Speaker 2: if you are only focusing on, for example, superranuation and

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Speaker 2: there's a cap there, that's not going to actually get

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Speaker 2: you to your goal. So you're probably going to need

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Speaker 2: to do a mix of both, which is actually really

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Speaker 2: exciting because superanuation is something that is really easy to solve.

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Speaker 2: You can go to the government website and compare all

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Speaker 2: your different super funds and make a decision that is

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Speaker 2: right for you. But then when it comes to outside investment,

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Speaker 2: there are obviously plethoras of options that you could use.

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Speaker 2: Like you could go for a platform like shares is

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Speaker 2: where you get your individual shares. You could go and

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Speaker 2: chat to our friends at six Park and you know,

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Speaker 2: have it managed for you. You could go down the

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Speaker 2: route of picking literally any different type of brokerage platform

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Speaker 2: if shares are your type of investment. But again I

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Speaker 2: don't know what your asset portfolio looks like or your

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Speaker 2: goals look like all your time frame. So I think

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Speaker 2: the most important thing here is if you feel like

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Speaker 2: you haven't made the right financial choices thus far. There's

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Speaker 2: no such thing as too late. And it's definitely about

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Speaker 2: diversifying and getting some super stuff organized and also some

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Speaker 2: other investments. But in the long term, we're actually looking

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Speaker 2: at what we're trying to achieve for the future and

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Speaker 2: then maybe working back from it.

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Speaker 1: Perfect And if Julie does take you up on your

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Speaker 1: advice fee of seeing a financial advisor, where should she go?

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Speaker 1: Just quickly to find one?

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Speaker 2: So there's the acid website where you can look up

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Speaker 2: financial advisors. There is also a website where you can

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Speaker 2: look up financial advisors in your area. Or if you

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Speaker 2: have absolutely no idea, you can actually head to the

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Speaker 2: She's on the Money website, so uniform and we'll match

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Speaker 2: you with one of our friends who we know is

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Speaker 2: a good financial advisor.

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Speaker 1: Perfection, Hi bor, Right, So let's move on nowve to Rachelle. Hello, Rochelle,

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Speaker 1: she wants to know how to sensitively approach and discuss

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Speaker 1: your partner's bad financial habits.

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Speaker 2: Oh, having that chat is a struggle for some of us. Actually,

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Speaker 2: I would say it's a struggle for all of us,

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Speaker 2: because no one likes having a chat that's.

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Speaker 1: Awkward, Hey George, like, oh, no, thank you.

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Speaker 2: Whenever anything awkward is going on, I bury my head

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Speaker 2: in the sand and literally just ignore it, which is

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Speaker 2: absolutely not the best way to go about things, which

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Speaker 2: is probably why I shouldn't be giving the advice on

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Speaker 2: this one, Georgia. But if you're going to do it,

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Speaker 2: I would be organizing to have the chat and really

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Speaker 2: focus not necessarily on their bad quote financial habits, but

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Speaker 2: rather on what type of future you're building together, and

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Speaker 2: highlight how important it is for you guys to be

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Speaker 2: on the same team, not just mentally and you know,

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Speaker 2: when it comes to goal setting, but also financially. And

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Speaker 2: I also think to actually help you in this situation,

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Speaker 2: it's a really good thing to reflect on your personal

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Speaker 2: situation because as much as you might want to talk

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Speaker 2: about your partner's quote bad financial habits, we're not all perfect.

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Speaker 2: We all have things that maybe our partner gets a

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Speaker 2: little bit frustrated by. So I think reflecting on how

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Speaker 2: maybe we would want them to approach that conversation if

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Speaker 2: they wanted to approach it with us, is really helpful.

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Speaker 2: So not using accusatory language. I've talked about this before,

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Speaker 2: being really gentle, instead of saying things like, oh my gosh, Georgia,

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Speaker 2: you always spend all of the money. I can't believe

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Speaker 2: you do that to like, hey, I just really feel

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Speaker 2: like we don't have enough set goals that we're working

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Speaker 2: towards together, Like I just don't feel like we are

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Speaker 2: saving enough for X, Y and Z. And I think

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Speaker 2: changing the conversation from talking about your current behavior to

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Speaker 2: behavior we want to really start promoting is really important

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Speaker 2: because no one wants to be told they're bad at something,

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Speaker 2: but everyone can get on board with something when they

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Speaker 2: find the motivation. So he said, do you, George, I

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Speaker 2: really want to buy a house with you? I'm so

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Speaker 2: excited to do that. You're going to go v I

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Speaker 2: really want to do that too. I go, great, let's

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Speaker 2: make a plan. How do you think that we could

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Speaker 2: achieve that? Like, you know, how's your budget going? Do

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Speaker 2: you think you could set aside a certain amount each week?

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Speaker 2: I'm doing X, Y, Z and really showing that you're

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Speaker 2: walking the walk, not just expecting one thing from them

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Speaker 2: and doing another yourself. So always making sure that you're

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Speaker 2: on the same page. Is not just about saying Georgia,

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Speaker 2: you need to get on my page, but rather talking

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Speaker 2: about maybe creating a new page together and both be

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Speaker 2: excited about moving towards that.

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Speaker 1: Okay, so have those joint goals. And the other thing

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Speaker 1: I wanted to say Ve, as we do always say

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Speaker 1: on the pod, is that if you're if you're just

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Speaker 1: like I can't have this conversation, like it's too awkward,

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Speaker 1: it's too embarrassing. Just blame it on Vickid. Yeah a podcast. Yeah, yep,

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Speaker 1: she told me to do it. Sorry, Chol, I love you, Okay,

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Speaker 1: So hopefully that helps you. Rachelle Now Rachel is the

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Speaker 1: next one, which is fun similar. So Rachel wants to

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Speaker 1: know about salary sacrificing v when you have a hex stet,

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Speaker 1: So how does that work?

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Speaker 2: And is there a risk that you'll be worse off

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Speaker 2: for choosing to salary sacrifice if you do have a

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Speaker 2: hex stet? Okay, So for anyone who maybe doesn't know

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Speaker 2: what that means, we need to remember that our heck

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Speaker 2: stets are repaid according to what we earn. So, for example,

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Speaker 2: if you earn less than forty six thousand, six hundred

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Speaker 2: and twenty dollars Georgia King, you don't have to start

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Speaker 2: paying it off kind of money in but if you

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Speaker 2: earn over that and under fifty three eight hundred and

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Speaker 2: twenty six dollars George, then you'll need to pay one

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Speaker 2: percent of your salary towards your debts. So, roughly speaking,

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Speaker 2: the amount of HEX that you need to repay increases

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Speaker 2: yzo point five percent with every increase of five grand

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Speaker 2: or so to your salary. So you can find more

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Speaker 2: information about that if you literally just google Hex calculator

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Speaker 2: and you pop your salary in and it will tell

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Speaker 2: you exactly how much you pay. But when it comes

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Speaker 2: to salary sacrificing as well, for those of you who

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Speaker 2: don't know, it's an option that is available in many

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Speaker 2: workplaces where employees can actually opt for like a reduced

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Speaker 2: taxable income that then gives you additional benefits. So it

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Speaker 2: gives you benefits of like a phone or a car,

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Speaker 2: or maybe you'll have a food and entertainment card, which

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Speaker 2: I know a lot of people in health care have.

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Speaker 2: And things can get quite confusing when you don't have

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Speaker 2: a quote regular salary and you're taking some of your

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Speaker 2: salary and other benefits, and a salary sacrifice allows you

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Speaker 2: to do that. So basically, after defining both of those,

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Speaker 2: if you have a hex stet and your salary sacrificing,

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Speaker 2: it is very likely that you'll need to adjust your

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Speaker 2: repayments and ensure that they actually line up with your

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Speaker 2: annual taxable income and your total reportable fringe benefits amount,

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Speaker 2: which you're actually able to just find on your pay

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Speaker 2: slip very easily. And it's also really important to remember

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Speaker 2: that you're going to need to inform payroll of your hextet,

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Speaker 2: as they don't automatically just adjust repayments because they assume

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Speaker 2: you've got it because some people have it, some people don't,

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Speaker 2: some people are still paying it off, et cetera. And

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Speaker 2: you don't make adjustments and your ends up meaning that

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Speaker 2: you're only paying hex on your reduced income, because that

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Speaker 2: could land you with a very nice tax bill come June,

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Speaker 2: Thirsty or my birthday. Guys, So is there a risk

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Speaker 2: of you being worse off? Yes, when it comes to

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Speaker 2: getting a t ax bil. Nobody likes an unforeseen cost.

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Speaker 2: But at the same time, it all will equal out.

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Speaker 2: It's just going to be some good planning and making

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Speaker 2: sure that is in place, But nine times out of ten,

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Speaker 2: if your business offers salary sacrificing, they're going to have

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Speaker 2: someone in payroll who's going to be able to organize

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Speaker 2: that for you and make sure you are better off.

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Speaker 2: So in this situation, George, we're not actually talking about like,

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Speaker 2: oh my gosh, if you've got salary sacrifice, you need

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Speaker 2: to contribute more to your hex. It's not about paying

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Speaker 2: that debt off Quicker. It's actually about having the debt

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Speaker 2: paid off in relation to your whole taxable income, because

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Speaker 2: the tax man actually takes into account your salary sacrifices

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Speaker 2: a part of your salary package, and otherwise you might

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Speaker 2: find yourself in a pickle because it'll be calculated wrong,

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Speaker 2: which we do not want to occur, Dorge, We don't

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Speaker 2: want that. What if we say, you've got your your

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Speaker 2: reduced income and then you've got all of your benefits

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Speaker 2: which are they called free benefits, say from memory.

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Speaker 1: So if that compiled actually equates to more than what

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Speaker 1: you would be earning if you weren't salary sacrificing, does

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Speaker 1: that impact your hexort a like would you have to

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Speaker 1: pay more?

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Speaker 2: Yeah, Look, at the end of the day, example here

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Speaker 2: is say I have a sixty thousand dollar income and

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Speaker 2: my work are like, okay, cool, you can salary sacrifice

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Speaker 2: a cart to the amount of ten thousand dollars a year,

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Speaker 2: and I go, great, no problems, I'll take that entire

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Speaker 2: ten thousand dollars because round numbers and examples are shee.

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Speaker 2: So then your income has technically dropped to fifty thousand

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Speaker 2: dollars and your taxable income actually sits below that fifty three,

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Speaker 2: eight hundred and twenty six. So you're going to end

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Speaker 2: up in a situation where your take home money is

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Speaker 2: taxed at a different rate than the money that you

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Speaker 2: are salary sacrificing. But if I looked at your contract

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Speaker 2: or the taxman looked at your contract about how much

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Speaker 2: you're being remunerated, the total amount of remuneration you're receiving

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Speaker 2: is to the value of sixty thousand dollars. So yes,

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Speaker 2: tax would completely change because the ten thousand dollars. The

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Speaker 2: reason we salary sacrifice is to get some more benefit

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Speaker 2: out of our tax, which is really good. But HEX

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Speaker 2: doesn't work in exactly the same way. So we need

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Speaker 2: to make sure we don't shoot ourselves in the foot

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Speaker 2: and end up with a nasty hex bill at tax time,

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Speaker 2: which nobody wants, right.

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Speaker 1: Okay, gosh, finance can be complex. Kind I love it.

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Speaker 1: I know you do. My head's just spinning over here,

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Speaker 1: but hopefully that helps you as well. Rachel. We are

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Speaker 1: going to head to a very short break now, guys,

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Speaker 1: but on the other side we will be answering plenty

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Speaker 1: more of your questions, so please don't go anywhere. Alrighty b.

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Speaker 1: We have returned, and our first question up is from Talula.

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Speaker 1: She wants to know your thoughts on investing from overseas.

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Speaker 1: So she is moving to New Zealand for the next

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Speaker 1: five years or so.

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Speaker 2: Cute country.

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Speaker 1: I know, just cinder and the mountains. I don't know everything, honestly, jealous,

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Speaker 1: never been one day, one day Okay, So yeah, she's

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Speaker 1: moving there for the next five years. She's new to

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Speaker 1: the investing game and she's wondering if it's smarter to

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Speaker 1: start investing over there or to do it over here.

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Speaker 2: Okay, So this is a complex question. She's given me

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Speaker 2: enough information to give I would say a very viable answer,

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Speaker 2: which is very exciting. But if you're moving overseas indefinitely,

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Speaker 2: the answer would be very different. So if you're like,

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Speaker 2: oh my gosh, I'm in Australia for a while and

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Speaker 2: I'm going to move back to Bangkok where I'm from,

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Speaker 2: you know, long term, that's where I'm going to live,

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Speaker 2: that's where I'm going to have kids, that's where I'm

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Speaker 2: going to retire, Investing here might not make sense. And

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Speaker 2: the reason it might not make sense is purely because

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Speaker 2: of tax and the fact that you know, long term,

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Speaker 2: I am an investor that has a buy and hold strategy.

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Speaker 2: So I'm the type of investor who wants to invest

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Speaker 2: for the long term to create financial freedom, and I

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Speaker 2: don't want to create financial freedom in a currency that

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Speaker 2: is going to have fluctuating currency exchange rates applied to

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Speaker 2: it and be harder to access. So if you're moving

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Speaker 2: over to New Zealand for five years and then you're

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Speaker 2: going to come back to Australia, you absolutely can continue

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Speaker 2: to invest in Australia using AUD. I mean you're more

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Speaker 2: than welcome to start using a platform like chase EA's

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Speaker 2: because Chaseea's was born in New Zealand, so I don't know,

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Speaker 2: maybe you want to use it over there and feel

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Speaker 2: all la legit New Zealand. But for me, if I

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Speaker 2: was doing that, I think is the best way to

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Speaker 2: answer this Georgia, I would continue to invest in Australia

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Speaker 2: knowing that long term, I'm going to come home to

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Speaker 2: my portfolio and there's no real mess going back and forward.

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Speaker 2: So if you're actually in Australian and you're already using

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Speaker 2: Australian based trading platforms, you're still allowed to use them

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Speaker 2: while you're living overseas as long as you have a

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Speaker 2: bank account here and you're still a resident of the country,

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Speaker 2: which is kind of handy. You're going to pay capital

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Speaker 2: gains tax as you usually would in Australia, so the

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Speaker 2: tax doesn't change. You're just going to need to fill

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Speaker 2: out a tax return form each year to make sure

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Speaker 2: that you're meeting the compliance of that.

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Speaker 1: Just on that vee. As someone who does plan on

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Speaker 1: living in London at some stage of my life when

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00:20:15,800 --> 00:20:22,119
Speaker 1: y is this spicy cough eases up, what does tax

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Speaker 1: look like like? Do I have to pay tax on

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Speaker 1: a job if I'm working over there and on my

404
00:20:28,440 --> 00:20:31,480
Speaker 1: shoes on the money where no? So how does that work?

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Speaker 2: So you're going to pay tax on the income that

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Speaker 2: is derived in that country. So if you're still deriving

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Speaker 2: income from being an international podcaster, which I'm assuming is

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Speaker 2: the plan, we can talk about this later, babe. But

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Speaker 2: you'll pay tax in Australia because we'll pay you into

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Speaker 2: an Australian bank account. But when you move to London,

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Speaker 2: you're going to have to stand up a London bank

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Speaker 2: account and you will have to adhere to their tax

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Speaker 2: law and their tax rules based on the income you

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Speaker 2: derive over there. Australia is not going to double your price.

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Speaker 1: So okay, oh, it's nice of them.

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Speaker 2: They're very kind to those tax people.

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Speaker 1: Georgia, bless them. One more question, just selfishly superannuation? Then

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Speaker 1: do you just I assume you don't get paid.

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Speaker 2: No, they won't pupation, So Georgia. Moving overseas does complicate things,

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Speaker 2: and this is something that if you are planning or

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Speaker 2: moving overseas at any point, I do want you to consider.

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00:21:23,680 --> 00:21:26,520
Speaker 2: And that is because if you are not earning income

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Speaker 2: like George, because you're a freelancer, you're going to move

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Speaker 2: overseas and not have anybody paying you superannuation, which means

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Speaker 2: you're going to have to consider whether you make your

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00:21:35,920 --> 00:21:39,240
Speaker 2: own repayments during that time so that in the future

427
00:21:39,240 --> 00:21:42,439
Speaker 2: you're not behind. When you're in the UK, they have

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Speaker 2: what's called a pension that is essentially their version of superannuation.

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Speaker 2: If you move to the US they have something called

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Speaker 2: a four H one K.

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Speaker 1: If you move to New.

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Speaker 2: Zealand, they've got key. We say that everybody is different

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Speaker 2: based on their retirement planning, I guess for their populations,

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Speaker 2: but it's really important to work out what that actually

435
00:22:00,080 --> 00:22:02,600
Speaker 2: means for you and what your long term plan is,

436
00:22:02,680 --> 00:22:04,800
Speaker 2: because again, if you're just going to move to London

437
00:22:04,840 --> 00:22:08,080
Speaker 2: for a couple of years and not pay super, is

438
00:22:08,160 --> 00:22:12,080
Speaker 2: that a smart idea or should you maybe even start

439
00:22:12,200 --> 00:22:15,760
Speaker 2: now Georgia and bump up your superranuation before you make

440
00:22:15,840 --> 00:22:19,040
Speaker 2: that decision so you're not paying for additional things while

441
00:22:19,040 --> 00:22:22,120
Speaker 2: you're living in a really expensive city. So it depends

442
00:22:22,119 --> 00:22:25,800
Speaker 2: on your situation and what's going on, but it's definitely

443
00:22:25,880 --> 00:22:28,600
Speaker 2: something to consider because a lot of people that I

444
00:22:28,760 --> 00:22:32,919
Speaker 2: actually work with have spent significant periods of time living overseas,

445
00:22:33,240 --> 00:22:35,119
Speaker 2: and I mean it's very easy when you move to

446
00:22:35,160 --> 00:22:37,320
Speaker 2: London to say I'm here for a year and then

447
00:22:37,400 --> 00:22:40,480
Speaker 2: return ten years later and realize you've missed out on

448
00:22:40,680 --> 00:22:44,320
Speaker 2: ten years of superranuation contributions, which means you have to

449
00:22:44,359 --> 00:22:46,800
Speaker 2: do something pretty significant to make sure that you make

450
00:22:46,880 --> 00:22:50,000
Speaker 2: that up so that you have a safe and comfortable retirement.

451
00:22:50,359 --> 00:22:53,040
Speaker 2: So I think it's important to remember now so that

452
00:22:53,119 --> 00:22:55,520
Speaker 2: you can either plan to pay it while you're over there,

453
00:22:55,640 --> 00:22:57,640
Speaker 2: or maybe bump it up now so that you're paying

454
00:22:57,680 --> 00:23:00,439
Speaker 2: superannuation in addition, so that when you do have a

455
00:23:00,440 --> 00:23:03,280
Speaker 2: little bit of a break. This also works for maternity leave.

456
00:23:03,720 --> 00:23:05,679
Speaker 2: You do have a little break, you can actually go no,

457
00:23:05,760 --> 00:23:08,880
Speaker 2: I'm actually ahead of my peers anyway, or work out

458
00:23:08,920 --> 00:23:11,080
Speaker 2: something different that works for you. But I don't want

459
00:23:11,119 --> 00:23:13,600
Speaker 2: anyone to forget about their super while they are in

460
00:23:13,640 --> 00:23:16,280
Speaker 2: a different country. Yeah, that is a good tip from me,

461
00:23:16,320 --> 00:23:19,040
Speaker 2: because that's definitely not something that would come to mind

462
00:23:19,320 --> 00:23:22,639
Speaker 2: first up, like I would have already. How did you

463
00:23:22,680 --> 00:23:25,160
Speaker 2: for it? True said, I'm moving overseas. I'll be like, right,

464
00:23:25,200 --> 00:23:26,919
Speaker 2: sit down, We've.

465
00:23:26,760 --> 00:23:27,520
Speaker 1: Got a lot to go through.

466
00:23:27,520 --> 00:23:29,480
Speaker 2: It's got a lot to go through. Take your mic.

467
00:23:29,680 --> 00:23:34,280
Speaker 1: We are ready, all right, let's move on. V Sylvia

468
00:23:34,480 --> 00:23:37,639
Speaker 1: wants to know your thoughts on peer to peer lending,

469
00:23:37,760 --> 00:23:39,919
Speaker 1: which I don't think we've spoken about that on the

470
00:23:39,920 --> 00:23:43,520
Speaker 1: podcast and if we have, I wasn't listening. So is

471
00:23:43,560 --> 00:23:46,880
Speaker 1: it safe or is it just too risky? Is investing

472
00:23:46,920 --> 00:23:51,320
Speaker 1: this way subject to any government guarantees? That's what she's asked. So, yeah,

473
00:23:51,320 --> 00:23:52,879
Speaker 1: I have no idea what this is, so talk to me.

474
00:23:52,960 --> 00:23:53,960
Speaker 1: So it's not guaranteed.

475
00:23:54,000 --> 00:23:56,520
Speaker 2: Again, it's another type of investing, and I think it's

476
00:23:56,640 --> 00:23:59,959
Speaker 2: an important one to tackle. It's not something I adore

477
00:24:00,200 --> 00:24:01,960
Speaker 2: or but at the same time, I know a lot

478
00:24:01,960 --> 00:24:05,600
Speaker 2: of our community do. And everybody picks different investment choices

479
00:24:05,680 --> 00:24:08,479
Speaker 2: that are aligned to their values. So let's quickly talk

480
00:24:08,520 --> 00:24:11,679
Speaker 2: about what P to P lending is. It's essentially lending

481
00:24:11,680 --> 00:24:14,159
Speaker 2: that allows a person who needs a personal or a

482
00:24:14,200 --> 00:24:16,959
Speaker 2: business loan to borrow money from an investor instead of

483
00:24:17,040 --> 00:24:19,920
Speaker 2: going to some lender lack a bank. George. So maybe

484
00:24:19,960 --> 00:24:22,720
Speaker 2: you go, hey, the I need to start.

485
00:24:22,560 --> 00:24:23,080
Speaker 1: Up a business.

486
00:24:23,080 --> 00:24:25,359
Speaker 2: I need five grand. I'm like, oh, I've got five

487
00:24:25,400 --> 00:24:28,480
Speaker 2: grand in my savings. Hey, if you give me that

488
00:24:28,560 --> 00:24:31,280
Speaker 2: five grand back in a certain period of time with

489
00:24:31,359 --> 00:24:34,520
Speaker 2: an additional five percent, can we call that even? You go, yeah,

490
00:24:34,520 --> 00:24:38,199
Speaker 2: that's much better. I much prefer that. And essentially the

491
00:24:38,240 --> 00:24:40,679
Speaker 2: borrower takes out a loan and then repays it with

492
00:24:40,800 --> 00:24:44,199
Speaker 2: interest over time, similar to any other investment, but you

493
00:24:44,240 --> 00:24:47,480
Speaker 2: don't own anything. You essentially are not buying something. You're

494
00:24:47,520 --> 00:24:50,720
Speaker 2: just lending money out like a bank would, getting some interest.

495
00:24:50,800 --> 00:24:52,640
Speaker 2: Then you'll get your money back and maybe you'll set

496
00:24:52,720 --> 00:24:53,359
Speaker 2: up another.

497
00:24:53,119 --> 00:24:53,960
Speaker 1: Loan in the future.

498
00:24:54,160 --> 00:24:58,320
Speaker 2: It's not actually like Victoria and Georgia lending five grand

499
00:24:58,320 --> 00:25:01,160
Speaker 2: to each other setting up a deal. It's usually run

500
00:25:01,200 --> 00:25:04,040
Speaker 2: through online platforms that exist to do this, and it's

501
00:25:04,200 --> 00:25:07,119
Speaker 2: really important to ensure that the online platform that you

502
00:25:07,320 --> 00:25:10,560
Speaker 2: choose is legitimate, which you can do by checking whether

503
00:25:10,600 --> 00:25:13,560
Speaker 2: they're registered with ACIC or not at the Asset Connects

504
00:25:13,600 --> 00:25:17,560
Speaker 2: Professional Register website, which will obviously link in the show notes.

505
00:25:17,960 --> 00:25:21,240
Speaker 2: So there are benefits as investors because it just sounds

506
00:25:21,400 --> 00:25:23,800
Speaker 2: fun and I know that a lot of people want

507
00:25:23,800 --> 00:25:26,760
Speaker 2: to invest in things that they're genuinely interested in. Interest

508
00:25:26,840 --> 00:25:29,520
Speaker 2: rates can actually be higher than other types of investing,

509
00:25:29,600 --> 00:25:32,639
Speaker 2: which people see is quite sexy, and it's run through

510
00:25:32,640 --> 00:25:36,240
Speaker 2: an online platform which makes it relatively easy to access

511
00:25:36,320 --> 00:25:40,280
Speaker 2: and to actually manage. But the cons as an investor is, yes,

512
00:25:40,359 --> 00:25:43,760
Speaker 2: it can be quite risky because if the loans are unsecured,

513
00:25:43,840 --> 00:25:46,879
Speaker 2: that means there's a higher chance that you could lose

514
00:25:46,920 --> 00:25:49,760
Speaker 2: your money, and you also may get a lower return

515
00:25:49,800 --> 00:25:52,960
Speaker 2: than expected if your borrower can't actually repay that loan,

516
00:25:53,119 --> 00:25:57,119
Speaker 2: So you're actually basing your investment choices on whether the

517
00:25:57,160 --> 00:25:59,560
Speaker 2: borrow is actually going to repay it or not. And

518
00:25:59,680 --> 00:26:01,639
Speaker 2: I think we need to remember that, you know, as

519
00:26:01,680 --> 00:26:06,040
Speaker 2: much as everybody borrows money with good intentions, if you're

520
00:26:06,400 --> 00:26:10,119
Speaker 2: lending to help small business I don't mean to sound negative,

521
00:26:10,160 --> 00:26:13,480
Speaker 2: but lots of small businesses don't actually succeed, and people

522
00:26:13,520 --> 00:26:15,520
Speaker 2: do borrow money for that, and it can actually be

523
00:26:15,600 --> 00:26:18,879
Speaker 2: fickle to recover, and there aren't actually any types of

524
00:26:18,920 --> 00:26:22,040
Speaker 2: government protections available either, So if you lose your money

525
00:26:22,080 --> 00:26:24,440
Speaker 2: because of fraud or an error made by their platform,

526
00:26:24,480 --> 00:26:27,440
Speaker 2: then it's very likely that you're not going to be compensated,

527
00:26:27,680 --> 00:26:30,639
Speaker 2: which is not a good thing. I'm not the biggest

528
00:26:30,680 --> 00:26:32,560
Speaker 2: fan of peer to P lending when it comes to

529
00:26:32,640 --> 00:26:35,280
Speaker 2: talking about it on a podcast and advocating for it

530
00:26:35,320 --> 00:26:38,320
Speaker 2: as a really great option to invest in to create

531
00:26:38,359 --> 00:26:41,760
Speaker 2: future financial freedom, But it would be silly of me

532
00:26:41,840 --> 00:26:44,080
Speaker 2: to say I'm not interested in it as a person

533
00:26:44,080 --> 00:26:47,159
Speaker 2: who's interested in investing, So there are lots of platforms

534
00:26:47,160 --> 00:26:49,680
Speaker 2: that I follow quite closely because I'm like, oh, that's

535
00:26:49,720 --> 00:26:52,600
Speaker 2: so interesting, and like there's lots of like micropeer to

536
00:26:52,640 --> 00:26:56,359
Speaker 2: peer investing platforms and lending going on, and there's bigger

537
00:26:56,400 --> 00:26:59,119
Speaker 2: platforms that do exactly the same thing. But at the

538
00:26:59,200 --> 00:27:01,800
Speaker 2: end of the day, I just don't think it's for me.

539
00:27:02,119 --> 00:27:04,840
Speaker 2: As I've said a million times on the podcast, I'm

540
00:27:04,840 --> 00:27:07,880
Speaker 2: a buy and hold, long term strategy kind of goal

541
00:27:08,359 --> 00:27:11,960
Speaker 2: and this is not leaning towards that. But again, it's

542
00:27:12,000 --> 00:27:14,679
Speaker 2: not the worst thing. If you're going to engage with this,

543
00:27:14,920 --> 00:27:17,920
Speaker 2: just make sure it's legitimate and it's aligned to your goals.

544
00:27:18,200 --> 00:27:20,760
Speaker 2: And it's also really important. Again, all I talk about

545
00:27:20,880 --> 00:27:24,280
Speaker 2: is investing in risk. But it's interesting because a lot

546
00:27:24,280 --> 00:27:26,159
Speaker 2: of people go, oh, I'm not risk averse, but it

547
00:27:26,280 --> 00:27:29,359
Speaker 2: just feels safer because they like the idea of lending

548
00:27:29,359 --> 00:27:32,199
Speaker 2: to small business. We really need to go back to

549
00:27:32,240 --> 00:27:35,200
Speaker 2: our risk profiles and go yes, But is it actually

550
00:27:35,240 --> 00:27:38,639
Speaker 2: more risky or not? Because more often than not, just

551
00:27:38,640 --> 00:27:41,440
Speaker 2: because it's being talked about a lot, or it's really trendy,

552
00:27:41,840 --> 00:27:43,800
Speaker 2: it might make you feel a little bit more secure,

553
00:27:44,160 --> 00:27:46,359
Speaker 2: but in the grand scheme of things, it's actually worse

554
00:27:46,440 --> 00:27:49,639
Speaker 2: when it comes to risk that you're taking on is

555
00:27:49,680 --> 00:27:53,439
Speaker 2: it common. I have never heard of it. It's pretty common.

556
00:27:53,600 --> 00:27:56,000
Speaker 2: It is relatively common. There are a lot of big

557
00:27:56,160 --> 00:27:57,880
Speaker 2: brands that do it. I'm not going to name drop

558
00:27:57,920 --> 00:27:59,640
Speaker 2: them now because I don't want to be advocating them,

559
00:27:59,680 --> 00:28:03,520
Speaker 2: but yeah, it is a relatively common way to invest.

560
00:28:03,560 --> 00:28:06,000
Speaker 2: I wouldn't say it's a way to invest. You know,

561
00:28:06,400 --> 00:28:09,280
Speaker 2: it's not as easy to find out about as the

562
00:28:09,320 --> 00:28:13,560
Speaker 2: ASEX would be or property, but it is increasing in

563
00:28:13,680 --> 00:28:16,160
Speaker 2: awareness and it is increasing in popularity.

564
00:28:17,480 --> 00:28:21,359
Speaker 1: There you go, I'm learning along with the listeners. Okay,

565
00:28:22,080 --> 00:28:26,440
Speaker 1: next question is from Kylie. She wants to know how

566
00:28:26,480 --> 00:28:29,080
Speaker 1: you can start to save when every cent from your

567
00:28:29,080 --> 00:28:31,920
Speaker 1: pay is taken up, so she wants to know how

568
00:28:31,920 --> 00:28:34,480
Speaker 1: to break the cycle. And she's also mentioned that she

569
00:28:34,560 --> 00:28:37,000
Speaker 1: has no credit cards, just a mortgage, a car loan,

570
00:28:37,080 --> 00:28:38,080
Speaker 1: and some bills.

571
00:28:38,360 --> 00:28:41,600
Speaker 2: Okay, so first things first, Kylie, my friend, do not

572
00:28:41,840 --> 00:28:44,760
Speaker 2: be hard on yourself. If you are just living paycheck

573
00:28:44,800 --> 00:28:46,920
Speaker 2: to paycheck and you can't save, that is not the

574
00:28:46,920 --> 00:28:49,360
Speaker 2: worst thing in the world. I am so grateful that

575
00:28:49,440 --> 00:28:51,400
Speaker 2: you're in a position where you have a mortgage, you

576
00:28:51,400 --> 00:28:53,360
Speaker 2: have a car loan, you have food on the table,

577
00:28:53,440 --> 00:28:56,760
Speaker 2: and we I think underestimate how special that is.

578
00:28:56,800 --> 00:28:58,400
Speaker 1: So often I think.

579
00:28:58,280 --> 00:29:01,000
Speaker 2: We really do need to remember that saving is such

580
00:29:01,040 --> 00:29:03,320
Speaker 2: a privilege, Like how lucky are we Georgia to live

581
00:29:03,320 --> 00:29:05,760
Speaker 2: in a country where we have enough money to not

582
00:29:05,800 --> 00:29:08,760
Speaker 2: only put food on the table, but to put some away,

583
00:29:09,040 --> 00:29:11,560
Speaker 2: like we get to save it, like we don't need

584
00:29:11,600 --> 00:29:14,200
Speaker 2: every single dollar that comes in. So I think it's

585
00:29:14,200 --> 00:29:16,560
Speaker 2: a really good question. But I also want to normalize

586
00:29:16,680 --> 00:29:19,560
Speaker 2: being in a situation where every single cent from every

587
00:29:19,560 --> 00:29:22,560
Speaker 2: single pay is taken up. Like it's okay if that

588
00:29:22,760 --> 00:29:25,840
Speaker 2: is you. It's okay if you've gotten yourself to that situation.

589
00:29:26,720 --> 00:29:28,800
Speaker 2: But if you're in a situation where you're like, no,

590
00:29:28,960 --> 00:29:31,200
Speaker 2: be like, I know that's the case, but I'd really

591
00:29:31,320 --> 00:29:33,880
Speaker 2: like to start saving. I want to break this cycle.

592
00:29:34,240 --> 00:29:36,680
Speaker 2: There are a few things that you can do. So

593
00:29:36,800 --> 00:29:40,000
Speaker 2: first things first is budget and cash flow. Can you

594
00:29:40,280 --> 00:29:43,920
Speaker 2: create a solid budget to make sure that absolutely everything

595
00:29:44,040 --> 00:29:47,520
Speaker 2: in your budget and cash flow is of value to you.

596
00:29:47,520 --> 00:29:50,240
Speaker 2: You're getting the best deals on your energy, You're getting

597
00:29:50,240 --> 00:29:53,560
Speaker 2: the best deals on food and water and everything else

598
00:29:53,600 --> 00:29:55,920
Speaker 2: that you are paying for. When you said you had

599
00:29:55,920 --> 00:29:58,120
Speaker 2: a mortgage, have you got the best interest rate when

600
00:29:58,160 --> 00:30:00,440
Speaker 2: it comes to the car loan that you have are

601
00:30:00,480 --> 00:30:02,840
Speaker 2: you actually paying it off over time? Is there a

602
00:30:02,880 --> 00:30:05,400
Speaker 2: balloon associated with it? What kind of rate have you got?

603
00:30:05,400 --> 00:30:10,000
Speaker 2: Should you be considering refinancing that car? But once we've

604
00:30:10,000 --> 00:30:12,400
Speaker 2: worked out ways we can save money from our budget

605
00:30:12,400 --> 00:30:16,160
Speaker 2: and cash flow, the next is actually supplementing our income,

606
00:30:16,520 --> 00:30:18,560
Speaker 2: so we can do one of two things to make

607
00:30:18,600 --> 00:30:21,160
Speaker 2: more money. We can find ways to save, which is

608
00:30:21,280 --> 00:30:24,800
Speaker 2: really helpful and usually the easiest, quickest win. The second

609
00:30:24,960 --> 00:30:27,680
Speaker 2: is to find a secondary source of income. So you

610
00:30:27,720 --> 00:30:29,960
Speaker 2: could either ask for a raise at work, take on

611
00:30:30,080 --> 00:30:33,040
Speaker 2: more hours, or you can find a little side hustle.

612
00:30:33,200 --> 00:30:36,760
Speaker 2: And we did a side hustle episode recently Georgia that

613
00:30:36,960 --> 00:30:39,320
Speaker 2: was like not a side hustle episode. It was literally

614
00:30:39,360 --> 00:30:41,840
Speaker 2: like how to make money without having a side hustle,

615
00:30:41,880 --> 00:30:43,440
Speaker 2: which I thought was really helpful.

616
00:30:43,680 --> 00:30:45,560
Speaker 1: Via the apps. Yeah, yeah, via.

617
00:30:45,400 --> 00:30:48,680
Speaker 2: Apps, literally from your couch or as we said on

618
00:30:48,720 --> 00:30:50,920
Speaker 2: the pod, George, other people's couches.

619
00:30:51,240 --> 00:30:52,160
Speaker 1: Love that catchy.

620
00:30:52,560 --> 00:30:56,040
Speaker 2: But you could absolutely check out getting a side hustle

621
00:30:56,080 --> 00:30:59,280
Speaker 2: and getting a supplementary income, because if you're saying that

622
00:30:59,360 --> 00:31:02,360
Speaker 2: every single from your current income is being taken up,

623
00:31:03,000 --> 00:31:05,160
Speaker 2: a side hustle is going to mean that every single

624
00:31:05,200 --> 00:31:07,840
Speaker 2: cent you earned there can be savings, which is really

625
00:31:07,920 --> 00:31:11,040
Speaker 2: really exciting. So I don't mean to be that guy

626
00:31:11,080 --> 00:31:13,760
Speaker 2: that's like set up a budget and understand your cash flow,

627
00:31:13,840 --> 00:31:15,440
Speaker 2: but at the end of the day, that is going

628
00:31:15,480 --> 00:31:18,240
Speaker 2: to be the tool that actually helps you achieve your

629
00:31:18,280 --> 00:31:21,400
Speaker 2: goals and make sure that when you do have an

630
00:31:21,400 --> 00:31:23,880
Speaker 2: increase in income, you're making the most of it.

631
00:31:25,280 --> 00:31:30,000
Speaker 1: Thoughts be on like setting up a little micro investing

632
00:31:30,040 --> 00:31:34,080
Speaker 1: account or something like that and having say thirty dollars

633
00:31:34,320 --> 00:31:38,440
Speaker 1: or something that's not too significant pulled out of your

634
00:31:38,440 --> 00:31:41,920
Speaker 1: income each week and just having that set aside to

635
00:31:42,040 --> 00:31:46,000
Speaker 1: like build up and become this little, this little savings

636
00:31:46,040 --> 00:31:48,800
Speaker 1: account without you really realizing it's genius.

637
00:31:48,920 --> 00:31:51,240
Speaker 2: I think it's really great, And our friends at up

638
00:31:51,280 --> 00:31:53,520
Speaker 2: bank actually have a round up feature which means you

639
00:31:53,560 --> 00:31:55,800
Speaker 2: could do that in a savings account without having to

640
00:31:55,840 --> 00:31:58,920
Speaker 2: have it micro invested, depending on your goals, depending on

641
00:31:58,960 --> 00:32:01,280
Speaker 2: what's going on, but I think it's really important as well.

642
00:32:01,440 --> 00:32:05,320
Speaker 2: Some people don't have the flexibility to just slowly pay,

643
00:32:05,680 --> 00:32:08,520
Speaker 2: you know, thirty dollars. Like automating things is obviously going

644
00:32:08,600 --> 00:32:10,880
Speaker 2: to make it really easy and make sure that it

645
00:32:11,000 --> 00:32:14,040
Speaker 2: actually happens each and every single week. Because I know

646
00:32:14,120 --> 00:32:16,640
Speaker 2: of all people that if I said you've got to

647
00:32:16,680 --> 00:32:19,280
Speaker 2: save thirty bucks a week about yep, easy done, I'll

648
00:32:19,280 --> 00:32:22,160
Speaker 2: do it. Am I actually going to transfer it every week?

649
00:32:22,520 --> 00:32:22,720
Speaker 1: No?

650
00:32:23,360 --> 00:32:26,400
Speaker 2: Absolutely not. I'll probably like transfer it one week, forget

651
00:32:26,440 --> 00:32:28,840
Speaker 2: for four. I have to transfer four weeks worth over

652
00:32:28,880 --> 00:32:32,120
Speaker 2: It'll become a mess. So for me, automated banking is

653
00:32:32,160 --> 00:32:35,840
Speaker 2: the way of the future Georgia. Yeah, and it helps

654
00:32:35,880 --> 00:32:38,680
Speaker 2: me so much. But at the same time, if someone

655
00:32:38,720 --> 00:32:41,080
Speaker 2: is saying, look, every single cent of my pay is

656
00:32:41,120 --> 00:32:45,080
Speaker 2: taken up, sometimes they don't just mean oh yeah, like

657
00:32:45,120 --> 00:32:47,960
Speaker 2: I just spend it all. Sometimes it's pre allocated in

658
00:32:48,000 --> 00:32:50,960
Speaker 2: their budget and they actually just don't have anything to spare.

659
00:32:51,200 --> 00:32:53,720
Speaker 2: But yeah, it's a really good idea to use features

660
00:32:53,760 --> 00:32:57,520
Speaker 2: like the upbank feature of rounding up like or micro investing,

661
00:32:57,640 --> 00:33:00,720
Speaker 2: because it all ticks away. Like on our Friday episodes,

662
00:33:00,760 --> 00:33:03,360
Speaker 2: we sometimes ask Ryan where his aunt with his He's

663
00:33:03,360 --> 00:33:06,080
Speaker 2: been investing on spaceship. He's been doing his five dollars

664
00:33:06,120 --> 00:33:08,800
Speaker 2: a day to supplement his income, and that is building up.

665
00:33:08,840 --> 00:33:11,840
Speaker 2: He has close to two thousand dollars in there now. Yeah,

666
00:33:11,880 --> 00:33:15,160
Speaker 2: and even a day and he hasn't noticed it. So

667
00:33:15,640 --> 00:33:18,840
Speaker 2: that's really lucky. But if you're not in that particular position,

668
00:33:19,080 --> 00:33:21,960
Speaker 2: I think not being too hard on ourselves is really important.

669
00:33:22,160 --> 00:33:25,120
Speaker 2: But then also just like what can we do instead

670
00:33:25,120 --> 00:33:26,760
Speaker 2: of going, oh, I just don't know what to do,

671
00:33:27,400 --> 00:33:29,880
Speaker 2: I'm telling you right now, check your budget, what are

672
00:33:29,880 --> 00:33:32,400
Speaker 2: you spending. Have you actually made sure that you're getting

673
00:33:32,400 --> 00:33:35,400
Speaker 2: the best deals on your utilities, your phone, have you

674
00:33:35,480 --> 00:33:36,840
Speaker 2: done your refinances?

675
00:33:37,000 --> 00:33:37,760
Speaker 1: What's going on.

676
00:33:37,760 --> 00:33:39,920
Speaker 2: With all of that, And then we can talk about

677
00:33:40,120 --> 00:33:41,520
Speaker 2: ways to increase your income.

678
00:33:42,000 --> 00:33:45,120
Speaker 1: Brilliant? All right, Moving on to Jess, who wants to

679
00:33:45,120 --> 00:33:47,760
Speaker 1: know if investing is a long term thing, then why

680
00:33:47,840 --> 00:33:50,280
Speaker 1: is it okay to micro invest one thousand dollars or

681
00:33:50,320 --> 00:33:52,600
Speaker 1: five thousand dollars and then pull it out for a

682
00:33:52,600 --> 00:33:55,880
Speaker 1: new purpose, be that investing in a larger platform or

683
00:33:55,880 --> 00:33:58,960
Speaker 1: putting it in savings. What are your thoughts on that question?

684
00:33:59,320 --> 00:34:03,520
Speaker 2: Yes, So when you say why is it okay to

685
00:34:03,600 --> 00:34:07,680
Speaker 2: micro investor thousand dollars or five thousand dollars? From my perspective,

686
00:34:07,720 --> 00:34:10,640
Speaker 2: I mean you could use microinvesting platforms forever if you

687
00:34:10,719 --> 00:34:13,760
Speaker 2: really wanted to, but they don't give you the option

688
00:34:14,320 --> 00:34:16,520
Speaker 2: of taking the dividends out in the same way that

689
00:34:16,560 --> 00:34:19,359
Speaker 2: a bigger platform would to create the income stream that

690
00:34:19,400 --> 00:34:21,680
Speaker 2: you want to in the long term. They have all

691
00:34:21,719 --> 00:34:25,480
Speaker 2: their dividends immediately reinvested because that's the way the apps work.

692
00:34:25,960 --> 00:34:28,640
Speaker 2: So from my perspective, and I mean, micro investing apps

693
00:34:28,640 --> 00:34:30,520
Speaker 2: are probably not going to like me saying this because

694
00:34:30,520 --> 00:34:33,279
Speaker 2: I'm telling people to leave their platforms, probably a way

695
00:34:33,280 --> 00:34:36,680
Speaker 2: I've never been sponsored by them, but that is okay.

696
00:34:38,000 --> 00:34:43,040
Speaker 2: I genuinely see microinvesting apps as really beautiful education tools.

697
00:34:43,320 --> 00:34:44,040
Speaker 1: I see it.

698
00:34:44,000 --> 00:34:47,080
Speaker 2: As us dipping our feet in the market and being

699
00:34:47,120 --> 00:34:49,960
Speaker 2: able to invest without having to put one thousand dollars

700
00:34:50,000 --> 00:34:52,560
Speaker 2: or five thousand dollars on the line, because that is

701
00:34:52,640 --> 00:34:55,719
Speaker 2: so much money. Whereas if I say to you Georgia, hey,

702
00:34:55,840 --> 00:34:59,400
Speaker 2: I know that investing can seem really overwhelming, but microinvesting,

703
00:34:59,480 --> 00:35:02,080
Speaker 2: maybe you try with your first five dollars, maybe you

704
00:35:02,200 --> 00:35:05,720
Speaker 2: try with one cent on the Chasis platform. These amounts

705
00:35:05,719 --> 00:35:08,040
Speaker 2: of money aren't going to ruin your life if you

706
00:35:08,320 --> 00:35:11,040
Speaker 2: quote lost them. And I think that that's a lot

707
00:35:11,080 --> 00:35:14,239
Speaker 2: of the apprehension that people have when it comes to investing.

708
00:35:14,719 --> 00:35:18,120
Speaker 2: So I love micro investing because it gets you into

709
00:35:18,160 --> 00:35:20,520
Speaker 2: the market. You get the app, you get to see

710
00:35:20,520 --> 00:35:24,120
Speaker 2: what's going on in the market platforms like Spaceship don't

711
00:35:24,120 --> 00:35:26,520
Speaker 2: even have any fees until you get to the five

712
00:35:26,600 --> 00:35:30,760
Speaker 2: thousand dollar mark and you're able to invest money, see

713
00:35:30,760 --> 00:35:33,640
Speaker 2: what the market's doing, follow the trends, see what they're

714
00:35:33,680 --> 00:35:37,520
Speaker 2: investing in, and get really comfortable with the process. Once

715
00:35:37,560 --> 00:35:40,800
Speaker 2: you get to that thousand or five thousand dollars amount,

716
00:35:40,960 --> 00:35:44,239
Speaker 2: that's where you maybe want to take up a bigger platform.

717
00:35:44,280 --> 00:35:46,719
Speaker 2: Maybe you've got your first five grand, you're like, oh,

718
00:35:46,960 --> 00:35:49,000
Speaker 2: really want something where I have a bit more control,

719
00:35:49,040 --> 00:35:51,440
Speaker 2: it's a little bit more monitored. I want to go

720
00:35:51,520 --> 00:35:55,719
Speaker 2: to a more quote legit platform for investors, and that's

721
00:35:55,719 --> 00:35:58,000
Speaker 2: where you might go, all right, it's finally time. I'm

722
00:35:58,040 --> 00:36:01,399
Speaker 2: going to go join six Park and Victoria platform, and

723
00:36:01,440 --> 00:36:04,960
Speaker 2: that is where you would then stay for the long term.

724
00:36:05,080 --> 00:36:09,520
Speaker 2: Whereas you know, being fully transparent, you can't invest on

725
00:36:09,560 --> 00:36:12,600
Speaker 2: the six Park platform with five dollars, it's not possible.

726
00:36:12,719 --> 00:36:14,839
Speaker 2: You need a minimum of two thousand dollars to get

727
00:36:14,840 --> 00:36:17,880
Speaker 2: good diversification up front. And even when you're at the

728
00:36:17,920 --> 00:36:20,759
Speaker 2: two thousand dollars, which I think is brilliant, you do

729
00:36:20,880 --> 00:36:24,640
Speaker 2: have less share selection and less etf options than you

730
00:36:24,680 --> 00:36:28,200
Speaker 2: do when you have five thousand dollars. So it's important

731
00:36:28,239 --> 00:36:32,080
Speaker 2: to remember the reason why you're investing, yes, investing for

732
00:36:32,120 --> 00:36:34,200
Speaker 2: the long term is that if you were saying, oh,

733
00:36:34,200 --> 00:36:36,960
Speaker 2: I use my micro investing platform to save one thousand dollars,

734
00:36:37,000 --> 00:36:39,000
Speaker 2: then I pull it out and spend it. I think

735
00:36:39,040 --> 00:36:42,680
Speaker 2: that is probably not the point of it. But if

736
00:36:42,719 --> 00:36:45,799
Speaker 2: we're pulling that thousand dollars out because it's just been

737
00:36:45,880 --> 00:36:48,719
Speaker 2: ticking away in the back, we've been doing some roundups,

738
00:36:48,719 --> 00:36:52,800
Speaker 2: it's been incidental, we've been learning, then going and putting

739
00:36:52,800 --> 00:36:55,600
Speaker 2: it on a bigger platform that is for the long term.

740
00:36:55,680 --> 00:36:59,399
Speaker 2: It's a really good idea in saying that if your

741
00:36:59,400 --> 00:37:03,160
Speaker 2: micro investor platform is not performing, I would absolutely be

742
00:37:03,239 --> 00:37:06,040
Speaker 2: waiting until it bounces back so that you don't end

743
00:37:06,160 --> 00:37:09,839
Speaker 2: up cashing out for a loss. So yes, I think

744
00:37:09,880 --> 00:37:12,160
Speaker 2: it's one of those things where, yeah, it's okay to

745
00:37:12,239 --> 00:37:15,680
Speaker 2: move platforms, but it's really important to remember that timing

746
00:37:15,760 --> 00:37:17,120
Speaker 2: is everything when selling.

747
00:37:17,840 --> 00:37:23,120
Speaker 1: Yeah, okay, Yeah, that's a really interesting question from Jess.

748
00:37:23,280 --> 00:37:27,560
Speaker 1: I think because we can kind of confuse investing the messaging.

749
00:37:27,160 --> 00:37:29,920
Speaker 2: That we Yeah, it's a really bad question.

750
00:37:30,239 --> 00:37:32,880
Speaker 1: Yeah, yeah, because you would think, oh, well, micro investing,

751
00:37:32,920 --> 00:37:35,640
Speaker 1: how is that different? Like long term is the goal,

752
00:37:35,680 --> 00:37:37,920
Speaker 1: but that's not necessarily the case with micro investing.

753
00:37:38,320 --> 00:37:41,399
Speaker 2: So that's it's just how I see it and can

754
00:37:41,480 --> 00:37:44,560
Speaker 2: see how the platforms work. And for the long term, yes,

755
00:37:44,600 --> 00:37:47,200
Speaker 2: maybe you get to your goal amount in your portfolio,

756
00:37:47,239 --> 00:37:50,160
Speaker 2: but you don't have the flexibility of taking certain income

757
00:37:50,200 --> 00:37:52,759
Speaker 2: streams and working out what's going on with it. And

758
00:37:52,800 --> 00:37:55,280
Speaker 2: I think it's it's a really easy way to start

759
00:37:55,320 --> 00:37:58,480
Speaker 2: your investment journey, but for me, it wouldn't be the

760
00:37:58,600 --> 00:38:01,240
Speaker 2: long term. And I guess that's why it's called micro investing.

761
00:38:01,280 --> 00:38:04,040
Speaker 2: And it's not just small amounts, but it's like the

762
00:38:04,160 --> 00:38:07,120
Speaker 2: start point, which I really like. And as I said,

763
00:38:07,160 --> 00:38:09,600
Speaker 2: I love the platforms. I just think that there is

764
00:38:09,640 --> 00:38:12,399
Speaker 2: a right platform for a right time, and not every

765
00:38:12,440 --> 00:38:15,359
Speaker 2: single platform works for every single person. Like that's why

766
00:38:15,360 --> 00:38:17,080
Speaker 2: there are so many. That's why she is on the

767
00:38:17,080 --> 00:38:19,799
Speaker 2: Money talks about so many different ones, because you might

768
00:38:20,080 --> 00:38:22,759
Speaker 2: adore shares Ese or you might adore something else, and like,

769
00:38:22,840 --> 00:38:26,040
Speaker 2: that's okay. My goal is actually not one platform.

770
00:38:26,239 --> 00:38:27,880
Speaker 1: It's to just get you invested.

771
00:38:28,360 --> 00:38:30,880
Speaker 2: But if we're talking about a particular platform on a podcast,

772
00:38:31,239 --> 00:38:33,520
Speaker 2: you know that they've been vetted by us. You know

773
00:38:33,600 --> 00:38:35,520
Speaker 2: that we like what they've got to offer and the

774
00:38:35,560 --> 00:38:38,319
Speaker 2: team are really good and they're legit, so I guess

775
00:38:38,360 --> 00:38:40,719
Speaker 2: it just goes to show that there are lots of

776
00:38:40,760 --> 00:38:43,000
Speaker 2: different options on the market and it's actually up to

777
00:38:43,040 --> 00:38:43,680
Speaker 2: you to choose.

778
00:38:44,280 --> 00:38:47,320
Speaker 1: Hundi p. I think we also did a whole episode

779
00:38:47,360 --> 00:38:50,680
Speaker 1: on micro investing. Yes we did, my friend, I can't

780
00:38:50,680 --> 00:38:53,160
Speaker 1: remember that far back, but that will be really helpful

781
00:38:53,200 --> 00:38:56,040
Speaker 1: for you as well, Jess. Okay, let's move on be

782
00:38:56,239 --> 00:39:01,000
Speaker 1: to our final question. This is no fun, okay, so

783
00:39:01,280 --> 00:39:03,960
Speaker 1: esther she is keen to know some tips for people

784
00:39:04,000 --> 00:39:07,960
Speaker 1: living in regional and remote Australia when it comes to finance.

785
00:39:08,280 --> 00:39:10,760
Speaker 2: This is such a good one Georgia, and we actually

786
00:39:10,760 --> 00:39:13,800
Speaker 2: have so many people in our community who are remote.

787
00:39:13,840 --> 00:39:16,080
Speaker 2: And that's the thing I love about podcasts. You could

788
00:39:16,080 --> 00:39:18,600
Speaker 2: be anywhere listening to our podcast. You don't have to

789
00:39:18,640 --> 00:39:21,000
Speaker 2: be in the city, you don't have to be in Melbourne.

790
00:39:21,120 --> 00:39:24,920
Speaker 2: You could be literally standing in the middle of Australia

791
00:39:24,960 --> 00:39:28,120
Speaker 2: looking at bu Laru getting financial advice in your ears.

792
00:39:27,960 --> 00:39:30,840
Speaker 1: Which I adore. And the thing.

793
00:39:30,719 --> 00:39:33,040
Speaker 2: About living remotely is lots of our listeners might not

794
00:39:33,120 --> 00:39:35,879
Speaker 2: even realize how expensive it can actually be to live

795
00:39:35,880 --> 00:39:38,319
Speaker 2: in more regional spots in Australia. So I guess it's

796
00:39:38,360 --> 00:39:41,680
Speaker 2: worth explaining a little bit about why that is, because

797
00:39:41,719 --> 00:39:44,880
Speaker 2: I first thought you might go, yeah, but probably so

798
00:39:45,280 --> 00:39:47,360
Speaker 2: cheap out there, and it's like, yeah, but do you

799
00:39:47,400 --> 00:39:50,360
Speaker 2: know how much food is out there? And the first

800
00:39:50,440 --> 00:39:53,520
Speaker 2: kind of quote opportunity cost Georgia is that people who

801
00:39:53,560 --> 00:39:56,319
Speaker 2: live regionally might not have the option to work in

802
00:39:56,400 --> 00:40:00,160
Speaker 2: high paying roles that larger corporations offer. For example, if

803
00:40:00,160 --> 00:40:03,439
Speaker 2: you're living in Melbourne, CBD and you don't like your role,

804
00:40:03,719 --> 00:40:06,560
Speaker 2: you can go work at another place Georgia. If you

805
00:40:06,600 --> 00:40:09,239
Speaker 2: were potentially working for a bank you don't like that,

806
00:40:09,440 --> 00:40:11,680
Speaker 2: you're probably able to go work in a different bank

807
00:40:11,719 --> 00:40:14,480
Speaker 2: branch in the city because there are so many that

808
00:40:14,520 --> 00:40:17,680
Speaker 2: are accessible. But if you live remotely, there might just

809
00:40:17,800 --> 00:40:20,480
Speaker 2: be one bank branch, and if you're a bank teller,

810
00:40:20,760 --> 00:40:25,080
Speaker 2: there's actually no other options without leaving your town, which

811
00:40:25,360 --> 00:40:29,879
Speaker 2: really limits choice and actually really limits opportunity. And there's

812
00:40:29,920 --> 00:40:32,600
Speaker 2: also the barrier of being able to afford access to

813
00:40:32,640 --> 00:40:35,880
Speaker 2: affordable groceries like I know, Georgia, you and I love Audi,

814
00:40:36,239 --> 00:40:39,839
Speaker 2: but that's not actually accessible to everybody in our community

815
00:40:40,160 --> 00:40:43,440
Speaker 2: because often AUDI isn't actually available to you. So we

816
00:40:43,480 --> 00:40:46,360
Speaker 2: say go shop at Audi. It's really cost effective, but

817
00:40:46,480 --> 00:40:48,200
Speaker 2: a lot of our community are going to go they

818
00:40:48,520 --> 00:40:51,760
Speaker 2: like AUDI, that's in another state. We can't even get

819
00:40:51,800 --> 00:40:55,759
Speaker 2: to it, and even some larger supermarkets aren't that accessible

820
00:40:55,800 --> 00:40:59,719
Speaker 2: for some of our community. Plus, produce in small supermarkets

821
00:40:59,719 --> 00:41:02,560
Speaker 2: can be so much more expensive because of how far

822
00:41:02,640 --> 00:41:05,239
Speaker 2: it's had to travel to actually be for sale on

823
00:41:05,280 --> 00:41:08,520
Speaker 2: the shelf in that shop. So there are also multiple

824
00:41:08,560 --> 00:41:10,799
Speaker 2: other factors and it's actually something that we are looking

825
00:41:10,840 --> 00:41:13,799
Speaker 2: into doing a whole episode on, including conversations with our

826
00:41:13,840 --> 00:41:16,880
Speaker 2: friends and family who live regionally, so watch this space.

827
00:41:17,000 --> 00:41:20,520
Speaker 2: But in terms of financial tips, Georgia make the most

828
00:41:20,520 --> 00:41:24,080
Speaker 2: of smaller, tight knit communities and set up a side hustle.

829
00:41:24,440 --> 00:41:27,040
Speaker 2: Fewer people ge makes it easier to network. So if

830
00:41:27,040 --> 00:41:29,880
Speaker 2: you're looking to make some extra casholer talk to people

831
00:41:29,920 --> 00:41:32,279
Speaker 2: about any services they need that you might be able

832
00:41:32,320 --> 00:41:35,920
Speaker 2: to help with. Babysitting, dog walking, lawn mowing. You can

833
00:41:35,960 --> 00:41:37,319
Speaker 2: do it all, my friend.

834
00:41:37,280 --> 00:41:40,080
Speaker 1: How do you mow a law in other news, have

835
00:41:40,160 --> 00:41:43,640
Speaker 1: you ever done it? Go, let's move on.

836
00:41:44,080 --> 00:41:47,640
Speaker 2: I mean I know the process. I know that my

837
00:41:47,760 --> 00:41:50,520
Speaker 2: dad puts petrol in his law mower, and you can

838
00:41:50,560 --> 00:41:53,759
Speaker 2: buy non petrol law mowers nowadays, but my dad says

839
00:41:53,800 --> 00:41:58,279
Speaker 2: they're not legit, so I don't really know at this

840
00:41:58,360 --> 00:42:01,239
Speaker 2: point in life. My partner who has a fascination with

841
00:42:01,360 --> 00:42:04,560
Speaker 2: lawns can actually keep that, and if anybody else's partners

842
00:42:04,800 --> 00:42:08,200
Speaker 2: is obsessed with lawns, as my partner, we should probably

843
00:42:08,239 --> 00:42:11,520
Speaker 2: start up. But helpfully Georgia, if buying property is something

844
00:42:11,560 --> 00:42:14,000
Speaker 2: you want to do, it's actually significantly more affordable to

845
00:42:14,040 --> 00:42:16,640
Speaker 2: do so in a regional town, which is a nice benefit.

846
00:42:16,920 --> 00:42:19,280
Speaker 2: But it can also be harder to shop more frugally

847
00:42:19,360 --> 00:42:22,520
Speaker 2: in small towns too, because as I said before, they

848
00:42:22,560 --> 00:42:26,120
Speaker 2: might not have huge supermarkets or audis. But think about

849
00:42:26,200 --> 00:42:29,680
Speaker 2: every other item that you need to purchase, like shoes

850
00:42:29,719 --> 00:42:33,840
Speaker 2: and clothes and hair accessories and literally make up. Everything

851
00:42:33,880 --> 00:42:36,560
Speaker 2: needs to either come from online or you need to

852
00:42:36,640 --> 00:42:40,640
Speaker 2: travel a significant distance. I et petrol, money and time

853
00:42:41,000 --> 00:42:43,080
Speaker 2: to go and get those things. So I think it's

854
00:42:43,080 --> 00:42:45,799
Speaker 2: more about accessibility. So I think when it comes to

855
00:42:45,880 --> 00:42:49,200
Speaker 2: living remotely, just being savvy about your shopping. What can

856
00:42:49,239 --> 00:42:51,719
Speaker 2: you order online? Can you do that remotely? Are the

857
00:42:51,800 --> 00:42:54,600
Speaker 2: things that you could do in your community or online

858
00:42:54,680 --> 00:42:57,400
Speaker 2: that could increase your income? So as much as I

859
00:42:57,440 --> 00:42:59,640
Speaker 2: don't have a whole heap of hot tips. I hope

860
00:42:59,640 --> 00:43:02,160
Speaker 2: that is helped and keep your ears peeled, because we

861
00:43:02,200 --> 00:43:04,680
Speaker 2: do have an episode coming in that space.

862
00:43:04,960 --> 00:43:08,399
Speaker 1: Honey, pe once again, I'd be really curious to hear

863
00:43:08,840 --> 00:43:11,920
Speaker 1: from our friends who do live regionally and remotely. To

864
00:43:12,000 --> 00:43:16,239
Speaker 1: hear firstly their struggles as we've tried to list that's

865
00:43:16,280 --> 00:43:18,560
Speaker 1: what we've gathered, but there's actually not that much information

866
00:43:18,640 --> 00:43:21,319
Speaker 1: out there at this stage. But also to hear their

867
00:43:21,360 --> 00:43:25,000
Speaker 1: financial tips and how they manage their money when they

868
00:43:25,000 --> 00:43:28,279
Speaker 1: don't have easy access to everything as we city folk do.

869
00:43:28,680 --> 00:43:31,719
Speaker 2: Yeah. Gee, straight under the bus for you today. You're

870
00:43:31,719 --> 00:43:33,719
Speaker 2: going to post in the Facebook group and we're going

871
00:43:33,760 --> 00:43:36,160
Speaker 2: to have a thread discussing exactly.

872
00:43:35,640 --> 00:43:41,200
Speaker 1: That stunning love it. I'll accompany it with a little

873
00:43:41,239 --> 00:43:43,120
Speaker 1: bit of a photoshop job. I right, Yeah, I.

874
00:43:43,120 --> 00:43:45,600
Speaker 2: Think that'll be good. Could you photoshop us regionally?

875
00:43:45,680 --> 00:43:48,600
Speaker 1: That would be really nice? Yeah, thank you, yes, done?

876
00:43:48,719 --> 00:43:52,040
Speaker 1: All right, Thank you again to everyone who's sent in

877
00:43:52,120 --> 00:43:55,680
Speaker 1: the questions. You're all bloody legends. And yeah, as we

878
00:43:55,719 --> 00:43:57,759
Speaker 1: said as well, if you did enjoy the episode, let

879
00:43:57,840 --> 00:44:00,000
Speaker 1: us know and we will look at doing a little

880
00:44:00,200 --> 00:44:01,839
Speaker 1: second EP, maybe a third.

881
00:44:02,239 --> 00:44:04,400
Speaker 2: Yeah, if you like Q and AS. I've had fun

882
00:44:04,520 --> 00:44:07,840
Speaker 2: answering these, and I think, gee, you had fun listening

883
00:44:07,920 --> 00:44:08,400
Speaker 2: to them.

884
00:44:08,680 --> 00:44:12,000
Speaker 1: I'd go with that. I was also surprised no one

885
00:44:12,040 --> 00:44:14,839
Speaker 1: asked how Victoria does her hair. I thought that would

886
00:44:14,840 --> 00:44:16,240
Speaker 1: come up like fifty today.

887
00:44:16,640 --> 00:44:20,160
Speaker 2: I have it in a ponytail, so very simply. My friends,

888
00:44:21,320 --> 00:44:23,719
Speaker 2: all right, they let's leave it there. Yeah, look, I

889
00:44:23,760 --> 00:44:26,000
Speaker 2: think that is all we have time for today. So

890
00:44:26,200 --> 00:44:28,440
Speaker 2: just before we head off, we'd like to acknowledge and

891
00:44:28,560 --> 00:44:32,560
Speaker 2: pay respect to Australia's Aboriginal and tourist rate islander people's.

892
00:44:32,840 --> 00:44:36,200
Speaker 2: They're the traditional custodians of the lands, the waterways and

893
00:44:36,239 --> 00:44:39,720
Speaker 2: the skies all across Australia. We thank you for sharing

894
00:44:39,800 --> 00:44:41,680
Speaker 2: and for caring for the land on which we are

895
00:44:41,719 --> 00:44:44,440
Speaker 2: able to learn. We pay our respects to elders past

896
00:44:44,560 --> 00:44:47,799
Speaker 2: and present, and we share our friendship and our kindness.

897
00:44:48,280 --> 00:44:50,840
Speaker 1: And remember, as always, guys, that the advice shared on

898
00:44:50,960 --> 00:44:53,000
Speaker 1: She's on the Money is general in nature and does

899
00:44:53,040 --> 00:44:56,920
Speaker 1: not consider your individual circumstances. She's on the Money exists

900
00:44:56,960 --> 00:44:59,919
Speaker 1: purely for educational purposes and should not be relied upon

901
00:45:00,040 --> 00:45:03,440
Speaker 1: to make an investment or a financial decision. And we promise.

902
00:45:03,600 --> 00:45:07,560
Speaker 1: Victoria Devine is an authorized representative of Australia Pacific Funds

903
00:45:07,560 --> 00:45:11,680
Speaker 1: Management Proprietary Limited ABN three four one three two four

904
00:45:11,719 --> 00:45:15,040
Speaker 1: six three two five seven AFSL three three nine one

905
00:45:15,200 --> 00:45:17,560
Speaker 1: five one nurse see you next week.

906
00:45:17,640 --> 00:45:18,080
Speaker 2: Guys.

907
00:45:18,239 --> 00:45:21,280
Speaker 1: Bye guys, Bay Games.

908
00:45:21,440 --> 00:45:25,480
Speaker 3: That was weird from two uh tony leave that in

909
00:45:26,120 --> 00:45:26,400
Speaker 3: no