Speaker 1: She's on the money. She's on the Money. Hello and welcome.
Speaker 1: She's on the Money. The podcast for millennials who want
Speaker 1: financial freedom. Now, today we've decided to shake things up
Speaker 1: a little bit. It's Q and eight A and we'll
Speaker 1: be answering our community's most burning finance career and life topics.
Speaker 1: And boy oh boy are there talking about boy crack
Speaker 1: is to get to Well, maybe that'll come up. There
Speaker 1: actually is a question about partners at one point, So okay,
Speaker 1: I like, She's on the Money, the podcast for millennials who.
Speaker 2: Just want advice, like, not financial freedom. We're now just
Speaker 2: working towards an advice style that.
Speaker 1: Could be and do it well. That could be a
Speaker 1: new pod girl we'll talk about in our lifestyle stunning. Now.
Speaker 1: My name is Georgia King. I'm a what am I
Speaker 1: a podcaster? General? No copyright? I don't even know who
Speaker 1: you are?
Speaker 2: Now?
Speaker 3: Maybe to go into pop culture that could be fun.
Speaker 3: Joining me as always is Victoria Divine V. Why are
Speaker 3: you so excited about today's Q and A episode is
Speaker 3: a bit different from us.
Speaker 2: I just think it's really fun, how fun to do
Speaker 2: a little Q and A. I feel like we should
Speaker 2: do more of these, I mean, depending on how this
Speaker 2: one goes, but being able to interact with the community
Speaker 2: is literally my favorite thing ever. So knowing that we
Speaker 2: just get to answer a whole bunch of community questions
Speaker 2: on an entire episode hopefully is going to be really
Speaker 2: relatable but also super fun for you guys to listen
Speaker 2: to as well, because we've both tried Georgia really hard
Speaker 2: to make sure that all the questions are kind of
Speaker 2: ones you probably were already thinking about, not necessarily just
Speaker 2: like left of field ones where people are giving their
Speaker 2: entire life story and you're like, that has nothing to
Speaker 2: do with me. So hopefully everyone can learn a little
Speaker 2: bit and you know, take away few hot tips that
Speaker 2: might help them financially.
Speaker 1: The questions are quite varied as well, which we love.
Speaker 1: And before we get into it, just a pig shout
Speaker 1: out to everyone who responded to my Q and a
Speaker 1: post in the group V you were impressed with the photoshop, Yeah,
Speaker 1: if I recall correctly, but no, we had such a
Speaker 1: great response and unfortunately not every question could be in here,
Speaker 1: otherwise we would be here until twenty twenty two. All Right,
Speaker 1: the enough chatter from us, Let's get into it. Our
Speaker 1: first question for today is from Christina, who has asked,
Speaker 1: how can you save for a house deposit and invest
Speaker 1: in shares at the same time. Is it better to
Speaker 1: take longer to save up and invest simultaneously or should
Speaker 1: you focus all of your energy on saving first Georgia
Speaker 1: poor Kenna lost us Ni.
Speaker 2: No, that's probably not the answer, and that's actually still
Speaker 2: my favorite ad like why not both? And the reason
Speaker 2: is because it's slowing down your goal and being able
Speaker 2: to achieve them. So, if you want to save for
Speaker 2: a house deposit, we all know that is one of
Speaker 2: the most overwhelming financial goals you can take on yourself,
Speaker 2: and to save up probably one hundred thousand dollars is
Speaker 2: going to take not only a significant sacrifice on your behalf,
Speaker 2: but a significant chunk of your time. And so when
Speaker 2: it comes to saving for a house deposit, when it
Speaker 2: comes to my clients, and when it comes to my
Speaker 2: friends and most people in our community, you often see
Speaker 2: people say, you know what, I'm not going to invest
Speaker 2: in shares while saving for a house deposit because that's
Speaker 2: going to slow down my goal of getting into the
Speaker 2: housing market, which I think is really reasonable and something
Speaker 2: we all need to consider. But the answer is actually
Speaker 2: based on your individual budget and your individual cash flow.
Speaker 2: For example, Georgie, if you said to me the I've
Speaker 2: got five hundred dollars a month that I can put
Speaker 2: into a house deposit, and I go, great, Gee, that's
Speaker 2: really exciting. You're going to be able to save and
Speaker 2: you know what time frame does that look like? You
Speaker 2: to achieve my goal, It's going to take ten years,
Speaker 2: and I go, Okay, fantastic, let's start working towards that.
Speaker 1: But investing in chairs, as.
Speaker 2: Much as I'm obviously very excited about it, is another
Speaker 2: asset that is going to take away your cash flow.
Speaker 2: And essentially, the more you're putting into the house opposite,
Speaker 2: the quicker you're going to be able to achieve that goal.
Speaker 2: So it's all about priorities. And I think that too
Speaker 2: many times people listen to Shees on the Money and
Speaker 2: listen to me and to you, George, and they go,
Speaker 2: oh my gosh, like, oh, I feel like I'm missing
Speaker 2: out because I'm not investing in chairs yet. You don't
Speaker 2: have to start today, you can start in the future.
Speaker 2: You can start at whatever time works for you. And
Speaker 2: as we always say, George, get out of personal debt
Speaker 2: before you start saving for a house deposit or start
Speaker 2: investing in chares, because investing in debt reduction is an
Speaker 2: investment in itself. But I don't genuinely believe that there
Speaker 2: is a straight answer to is it better to take
Speaker 2: longer to save up and invest simultaneously or focus all
Speaker 2: your energy on your savings first, because the answer isn't
Speaker 2: necessarily a financial one, but more a personal goals one.
Speaker 2: So if I said to you, Georgia, all right, well
Speaker 2: do you want to buy a house first or save
Speaker 2: for shares, you might go be all I want is
Speaker 2: a house. I want to get into the property market asap.
Speaker 2: And in which case I'd say, okay, well, your goals
Speaker 2: are more aligned to saving for a house to posit,
Speaker 2: maybe put the shares on the shelf for a little while,
Speaker 2: and once you've got your mortgage and you know what
Speaker 2: your cash flow looks like, at that point where we
Speaker 2: can start an investment portfolio. But if you go, oh,
Speaker 2: I'm saving for a house, but like, I'm really passionate
Speaker 2: about shares, and I don't mind if that goal of
Speaker 2: saving for a house takes me a little bit longer,
Speaker 2: then great, we can do both at once. But it's
Speaker 2: definitely down to what is going to suit you, what
Speaker 2: is going to suit your lifestyle, and why are we
Speaker 2: making these decisions? Yeah?
Speaker 1: Perfect, So, yeah, it just depends on your priorities, and
Speaker 1: you're welcome to do both at once if you like,
Speaker 1: but that may not serve you if you do have
Speaker 1: the priority of getting straight into the housing market.
Speaker 2: Yeah. Absolutely, Like, for example, Georgia, I put purchasing shares
Speaker 2: on hold for a little while while Steve and I
Speaker 2: aggressively saved the rest of our house deposit because I
Speaker 2: was like, no, I just want every dollar that we
Speaker 2: have going into this house deposit so that we can
Speaker 2: get there sooner. And now that we have the mortgage,
Speaker 2: I'm now investing again. But again, everybody's cash flow and
Speaker 2: budget is going to be different.
Speaker 1: Love that, Okay, hopefully that helps you out there, Christina.
Speaker 1: Our next question V is from Julie. Now. She wants
Speaker 1: to know where she should focus as a woman in
Speaker 1: her forties who hasn't always made the best life choices,
Speaker 1: mostly when it comes to men.
Speaker 2: She says, I mean, i'd say relatable, but it's not
Speaker 2: relatable to me yet yet.
Speaker 1: So she's asking if she should focus on her super
Speaker 1: or outside investments. Her real concern is that she might
Speaker 1: be spreading her finances a little too thin and is
Speaker 1: wondering if it is better to focus on one area
Speaker 1: instead of multiple.
Speaker 2: I'm gonna be a typical financial advisor and say, if
Speaker 2: you're in your forties and that's the situation you are in,
Speaker 2: speak to a financial advisor. I promise you it will
Speaker 2: be one of the best investments you make, because not
Speaker 2: only are they going to show you where to not
Speaker 2: spread yourself thin, they're actually going to be able to
Speaker 2: create a strategy that turbo charges your super or any
Speaker 2: of your other investments to make sure that you're achieving
Speaker 2: the financial freedom and the retirement that you want to.
Speaker 2: If you're in your forties, it's very likely you have
Speaker 2: maybe twenty twenty five years left of working, which is
Speaker 2: so much time.
Speaker 1: Like you have not.
Speaker 2: Left it too late. In fact, you have heaps of
Speaker 2: time to create this wealth and actually get ahead. So
Speaker 2: my advice would be go and see a financial advisor.
Speaker 2: But obviously that isn't the most constructive answer, especially for
Speaker 2: a podcast where we're trying to teach people financial freedom
Speaker 2: on their own. So I would then say, definitely weigh
Speaker 2: up what the difference is like with super it's an
Speaker 2: incredibly tax effective environment, but there are also caps on
Speaker 2: how much we can contribute each and every single year.
Speaker 2: And in a situation where you are saying you maybe
Speaker 2: haven't made the best financial choices historically, you're probably actually
Speaker 2: going to want to do a mix of both because
Speaker 2: if you are only focusing on, for example, superranuation and
Speaker 2: there's a cap there, that's not going to actually get
Speaker 2: you to your goal. So you're probably going to need
Speaker 2: to do a mix of both, which is actually really
Speaker 2: exciting because superanuation is something that is really easy to solve.
Speaker 2: You can go to the government website and compare all
Speaker 2: your different super funds and make a decision that is
Speaker 2: right for you. But then when it comes to outside investment,
Speaker 2: there are obviously plethoras of options that you could use.
Speaker 2: Like you could go for a platform like shares is
Speaker 2: where you get your individual shares. You could go and
Speaker 2: chat to our friends at six Park and you know,
Speaker 2: have it managed for you. You could go down the
Speaker 2: route of picking literally any different type of brokerage platform
Speaker 2: if shares are your type of investment. But again I
Speaker 2: don't know what your asset portfolio looks like or your
Speaker 2: goals look like all your time frame. So I think
Speaker 2: the most important thing here is if you feel like
Speaker 2: you haven't made the right financial choices thus far. There's
Speaker 2: no such thing as too late. And it's definitely about
Speaker 2: diversifying and getting some super stuff organized and also some
Speaker 2: other investments. But in the long term, we're actually looking
Speaker 2: at what we're trying to achieve for the future and
Speaker 2: then maybe working back from it.
Speaker 1: Perfect And if Julie does take you up on your
Speaker 1: advice fee of seeing a financial advisor, where should she go?
Speaker 1: Just quickly to find one?
Speaker 2: So there's the acid website where you can look up
Speaker 2: financial advisors. There is also a website where you can
Speaker 2: look up financial advisors in your area. Or if you
Speaker 2: have absolutely no idea, you can actually head to the
Speaker 2: She's on the Money website, so uniform and we'll match
Speaker 2: you with one of our friends who we know is
Speaker 2: a good financial advisor.
Speaker 1: Perfection, Hi bor, Right, So let's move on nowve to Rachelle. Hello, Rochelle,
Speaker 1: she wants to know how to sensitively approach and discuss
Speaker 1: your partner's bad financial habits.
Speaker 2: Oh, having that chat is a struggle for some of us. Actually,
Speaker 2: I would say it's a struggle for all of us,
Speaker 2: because no one likes having a chat that's.
Speaker 1: Awkward, Hey George, like, oh, no, thank you.
Speaker 2: Whenever anything awkward is going on, I bury my head
Speaker 2: in the sand and literally just ignore it, which is
Speaker 2: absolutely not the best way to go about things, which
Speaker 2: is probably why I shouldn't be giving the advice on
Speaker 2: this one, Georgia. But if you're going to do it,
Speaker 2: I would be organizing to have the chat and really
Speaker 2: focus not necessarily on their bad quote financial habits, but
Speaker 2: rather on what type of future you're building together, and
Speaker 2: highlight how important it is for you guys to be
Speaker 2: on the same team, not just mentally and you know,
Speaker 2: when it comes to goal setting, but also financially. And
Speaker 2: I also think to actually help you in this situation,
Speaker 2: it's a really good thing to reflect on your personal
Speaker 2: situation because as much as you might want to talk
Speaker 2: about your partner's quote bad financial habits, we're not all perfect.
Speaker 2: We all have things that maybe our partner gets a
Speaker 2: little bit frustrated by. So I think reflecting on how
Speaker 2: maybe we would want them to approach that conversation if
Speaker 2: they wanted to approach it with us, is really helpful.
Speaker 2: So not using accusatory language. I've talked about this before,
Speaker 2: being really gentle, instead of saying things like, oh my gosh, Georgia,
Speaker 2: you always spend all of the money. I can't believe
Speaker 2: you do that to like, hey, I just really feel
Speaker 2: like we don't have enough set goals that we're working
Speaker 2: towards together, Like I just don't feel like we are
Speaker 2: saving enough for X, Y and Z. And I think
Speaker 2: changing the conversation from talking about your current behavior to
Speaker 2: behavior we want to really start promoting is really important
Speaker 2: because no one wants to be told they're bad at something,
Speaker 2: but everyone can get on board with something when they
Speaker 2: find the motivation. So he said, do you, George, I
Speaker 2: really want to buy a house with you? I'm so
Speaker 2: excited to do that. You're going to go v I
Speaker 2: really want to do that too. I go, great, let's
Speaker 2: make a plan. How do you think that we could
Speaker 2: achieve that? Like, you know, how's your budget going? Do
Speaker 2: you think you could set aside a certain amount each week?
Speaker 2: I'm doing X, Y, Z and really showing that you're
Speaker 2: walking the walk, not just expecting one thing from them
Speaker 2: and doing another yourself. So always making sure that you're
Speaker 2: on the same page. Is not just about saying Georgia,
Speaker 2: you need to get on my page, but rather talking
Speaker 2: about maybe creating a new page together and both be
Speaker 2: excited about moving towards that.
Speaker 1: Okay, so have those joint goals. And the other thing
Speaker 1: I wanted to say Ve, as we do always say
Speaker 1: on the pod, is that if you're if you're just
Speaker 1: like I can't have this conversation, like it's too awkward,
Speaker 1: it's too embarrassing. Just blame it on Vickid. Yeah a podcast. Yeah, yep,
Speaker 1: she told me to do it. Sorry, Chol, I love you, Okay,
Speaker 1: So hopefully that helps you. Rachelle Now Rachel is the
Speaker 1: next one, which is fun similar. So Rachel wants to
Speaker 1: know about salary sacrificing v when you have a hex stet,
Speaker 1: So how does that work?
Speaker 2: And is there a risk that you'll be worse off
Speaker 2: for choosing to salary sacrifice if you do have a
Speaker 2: hex stet? Okay, So for anyone who maybe doesn't know
Speaker 2: what that means, we need to remember that our heck
Speaker 2: stets are repaid according to what we earn. So, for example,
Speaker 2: if you earn less than forty six thousand, six hundred
Speaker 2: and twenty dollars Georgia King, you don't have to start
Speaker 2: paying it off kind of money in but if you
Speaker 2: earn over that and under fifty three eight hundred and
Speaker 2: twenty six dollars George, then you'll need to pay one
Speaker 2: percent of your salary towards your debts. So, roughly speaking,
Speaker 2: the amount of HEX that you need to repay increases
Speaker 2: yzo point five percent with every increase of five grand
Speaker 2: or so to your salary. So you can find more
Speaker 2: information about that if you literally just google Hex calculator
Speaker 2: and you pop your salary in and it will tell
Speaker 2: you exactly how much you pay. But when it comes
Speaker 2: to salary sacrificing as well, for those of you who
Speaker 2: don't know, it's an option that is available in many
Speaker 2: workplaces where employees can actually opt for like a reduced
Speaker 2: taxable income that then gives you additional benefits. So it
Speaker 2: gives you benefits of like a phone or a car,
Speaker 2: or maybe you'll have a food and entertainment card, which
Speaker 2: I know a lot of people in health care have.
Speaker 2: And things can get quite confusing when you don't have
Speaker 2: a quote regular salary and you're taking some of your
Speaker 2: salary and other benefits, and a salary sacrifice allows you
Speaker 2: to do that. So basically, after defining both of those,
Speaker 2: if you have a hex stet and your salary sacrificing,
Speaker 2: it is very likely that you'll need to adjust your
Speaker 2: repayments and ensure that they actually line up with your
Speaker 2: annual taxable income and your total reportable fringe benefits amount,
Speaker 2: which you're actually able to just find on your pay
Speaker 2: slip very easily. And it's also really important to remember
Speaker 2: that you're going to need to inform payroll of your hextet,
Speaker 2: as they don't automatically just adjust repayments because they assume
Speaker 2: you've got it because some people have it, some people don't,
Speaker 2: some people are still paying it off, et cetera. And
Speaker 2: you don't make adjustments and your ends up meaning that
Speaker 2: you're only paying hex on your reduced income, because that
Speaker 2: could land you with a very nice tax bill come June,
Speaker 2: Thirsty or my birthday. Guys, So is there a risk
Speaker 2: of you being worse off? Yes, when it comes to
Speaker 2: getting a t ax bil. Nobody likes an unforeseen cost.
Speaker 2: But at the same time, it all will equal out.
Speaker 2: It's just going to be some good planning and making
Speaker 2: sure that is in place, But nine times out of ten,
Speaker 2: if your business offers salary sacrificing, they're going to have
Speaker 2: someone in payroll who's going to be able to organize
Speaker 2: that for you and make sure you are better off.
Speaker 2: So in this situation, George, we're not actually talking about like,
Speaker 2: oh my gosh, if you've got salary sacrifice, you need
Speaker 2: to contribute more to your hex. It's not about paying
Speaker 2: that debt off Quicker. It's actually about having the debt
Speaker 2: paid off in relation to your whole taxable income, because
Speaker 2: the tax man actually takes into account your salary sacrifices
Speaker 2: a part of your salary package, and otherwise you might
Speaker 2: find yourself in a pickle because it'll be calculated wrong,
Speaker 2: which we do not want to occur, Dorge, We don't
Speaker 2: want that. What if we say, you've got your your
Speaker 2: reduced income and then you've got all of your benefits
Speaker 2: which are they called free benefits, say from memory.
Speaker 1: So if that compiled actually equates to more than what
Speaker 1: you would be earning if you weren't salary sacrificing, does
Speaker 1: that impact your hexort a like would you have to
Speaker 1: pay more?
Speaker 2: Yeah, Look, at the end of the day, example here
Speaker 2: is say I have a sixty thousand dollar income and
Speaker 2: my work are like, okay, cool, you can salary sacrifice
Speaker 2: a cart to the amount of ten thousand dollars a year,
Speaker 2: and I go, great, no problems, I'll take that entire
Speaker 2: ten thousand dollars because round numbers and examples are shee.
Speaker 2: So then your income has technically dropped to fifty thousand
Speaker 2: dollars and your taxable income actually sits below that fifty three,
Speaker 2: eight hundred and twenty six. So you're going to end
Speaker 2: up in a situation where your take home money is
Speaker 2: taxed at a different rate than the money that you
Speaker 2: are salary sacrificing. But if I looked at your contract
Speaker 2: or the taxman looked at your contract about how much
Speaker 2: you're being remunerated, the total amount of remuneration you're receiving
Speaker 2: is to the value of sixty thousand dollars. So yes,
Speaker 2: tax would completely change because the ten thousand dollars. The
Speaker 2: reason we salary sacrifice is to get some more benefit
Speaker 2: out of our tax, which is really good. But HEX
Speaker 2: doesn't work in exactly the same way. So we need
Speaker 2: to make sure we don't shoot ourselves in the foot
Speaker 2: and end up with a nasty hex bill at tax time,
Speaker 2: which nobody wants, right.
Speaker 1: Okay, gosh, finance can be complex. Kind I love it.
Speaker 1: I know you do. My head's just spinning over here,
Speaker 1: but hopefully that helps you as well. Rachel. We are
Speaker 1: going to head to a very short break now, guys,
Speaker 1: but on the other side we will be answering plenty
Speaker 1: more of your questions, so please don't go anywhere. Alrighty b.
Speaker 1: We have returned, and our first question up is from Talula.
Speaker 1: She wants to know your thoughts on investing from overseas.
Speaker 1: So she is moving to New Zealand for the next
Speaker 1: five years or so.
Speaker 2: Cute country.
Speaker 1: I know, just cinder and the mountains. I don't know everything, honestly, jealous,
Speaker 1: never been one day, one day Okay, So yeah, she's
Speaker 1: moving there for the next five years. She's new to
Speaker 1: the investing game and she's wondering if it's smarter to
Speaker 1: start investing over there or to do it over here.
Speaker 2: Okay, So this is a complex question. She's given me
Speaker 2: enough information to give I would say a very viable answer,
Speaker 2: which is very exciting. But if you're moving overseas indefinitely,
Speaker 2: the answer would be very different. So if you're like,
Speaker 2: oh my gosh, I'm in Australia for a while and
Speaker 2: I'm going to move back to Bangkok where I'm from,
Speaker 2: you know, long term, that's where I'm going to live,
Speaker 2: that's where I'm going to have kids, that's where I'm
Speaker 2: going to retire, Investing here might not make sense. And
Speaker 2: the reason it might not make sense is purely because
Speaker 2: of tax and the fact that you know, long term,
Speaker 2: I am an investor that has a buy and hold strategy.
Speaker 2: So I'm the type of investor who wants to invest
Speaker 2: for the long term to create financial freedom, and I
Speaker 2: don't want to create financial freedom in a currency that
Speaker 2: is going to have fluctuating currency exchange rates applied to
Speaker 2: it and be harder to access. So if you're moving
Speaker 2: over to New Zealand for five years and then you're
Speaker 2: going to come back to Australia, you absolutely can continue
Speaker 2: to invest in Australia using AUD. I mean you're more
Speaker 2: than welcome to start using a platform like chase EA's
Speaker 2: because Chaseea's was born in New Zealand, so I don't know,
Speaker 2: maybe you want to use it over there and feel
Speaker 2: all la legit New Zealand. But for me, if I
Speaker 2: was doing that, I think is the best way to
Speaker 2: answer this Georgia, I would continue to invest in Australia
Speaker 2: knowing that long term, I'm going to come home to
Speaker 2: my portfolio and there's no real mess going back and forward.
Speaker 2: So if you're actually in Australian and you're already using
Speaker 2: Australian based trading platforms, you're still allowed to use them
Speaker 2: while you're living overseas as long as you have a
Speaker 2: bank account here and you're still a resident of the country,
Speaker 2: which is kind of handy. You're going to pay capital
Speaker 2: gains tax as you usually would in Australia, so the
Speaker 2: tax doesn't change. You're just going to need to fill
Speaker 2: out a tax return form each year to make sure
Speaker 2: that you're meeting the compliance of that.
Speaker 1: Just on that vee. As someone who does plan on
Speaker 1: living in London at some stage of my life when
Speaker 1: y is this spicy cough eases up, what does tax
Speaker 1: look like like? Do I have to pay tax on
Speaker 1: a job if I'm working over there and on my
Speaker 1: shoes on the money where no? So how does that work?
Speaker 2: So you're going to pay tax on the income that
Speaker 2: is derived in that country. So if you're still deriving
Speaker 2: income from being an international podcaster, which I'm assuming is
Speaker 2: the plan, we can talk about this later, babe. But
Speaker 2: you'll pay tax in Australia because we'll pay you into
Speaker 2: an Australian bank account. But when you move to London,
Speaker 2: you're going to have to stand up a London bank
Speaker 2: account and you will have to adhere to their tax
Speaker 2: law and their tax rules based on the income you
Speaker 2: derive over there. Australia is not going to double your price.
Speaker 1: So okay, oh, it's nice of them.
Speaker 2: They're very kind to those tax people.
Speaker 1: Georgia, bless them. One more question, just selfishly superannuation? Then
Speaker 1: do you just I assume you don't get paid.
Speaker 2: No, they won't pupation, So Georgia. Moving overseas does complicate things,
Speaker 2: and this is something that if you are planning or
Speaker 2: moving overseas at any point, I do want you to consider.
Speaker 2: And that is because if you are not earning income
Speaker 2: like George, because you're a freelancer, you're going to move
Speaker 2: overseas and not have anybody paying you superannuation, which means
Speaker 2: you're going to have to consider whether you make your
Speaker 2: own repayments during that time so that in the future
Speaker 2: you're not behind. When you're in the UK, they have
Speaker 2: what's called a pension that is essentially their version of superannuation.
Speaker 2: If you move to the US they have something called
Speaker 2: a four H one K.
Speaker 1: If you move to New.
Speaker 2: Zealand, they've got key. We say that everybody is different
Speaker 2: based on their retirement planning, I guess for their populations,
Speaker 2: but it's really important to work out what that actually
Speaker 2: means for you and what your long term plan is,
Speaker 2: because again, if you're just going to move to London
Speaker 2: for a couple of years and not pay super, is
Speaker 2: that a smart idea or should you maybe even start
Speaker 2: now Georgia and bump up your superranuation before you make
Speaker 2: that decision so you're not paying for additional things while
Speaker 2: you're living in a really expensive city. So it depends
Speaker 2: on your situation and what's going on, but it's definitely
Speaker 2: something to consider because a lot of people that I
Speaker 2: actually work with have spent significant periods of time living overseas,
Speaker 2: and I mean it's very easy when you move to
Speaker 2: London to say I'm here for a year and then
Speaker 2: return ten years later and realize you've missed out on
Speaker 2: ten years of superranuation contributions, which means you have to
Speaker 2: do something pretty significant to make sure that you make
Speaker 2: that up so that you have a safe and comfortable retirement.
Speaker 2: So I think it's important to remember now so that
Speaker 2: you can either plan to pay it while you're over there,
Speaker 2: or maybe bump it up now so that you're paying
Speaker 2: superannuation in addition, so that when you do have a
Speaker 2: little bit of a break. This also works for maternity leave.
Speaker 2: You do have a little break, you can actually go no,
Speaker 2: I'm actually ahead of my peers anyway, or work out
Speaker 2: something different that works for you. But I don't want
Speaker 2: anyone to forget about their super while they are in
Speaker 2: a different country. Yeah, that is a good tip from me,
Speaker 2: because that's definitely not something that would come to mind
Speaker 2: first up, like I would have already. How did you
Speaker 2: for it? True said, I'm moving overseas. I'll be like, right,
Speaker 2: sit down, We've.
Speaker 1: Got a lot to go through.
Speaker 2: It's got a lot to go through. Take your mic.
Speaker 1: We are ready, all right, let's move on. V Sylvia
Speaker 1: wants to know your thoughts on peer to peer lending,
Speaker 1: which I don't think we've spoken about that on the
Speaker 1: podcast and if we have, I wasn't listening. So is
Speaker 1: it safe or is it just too risky? Is investing
Speaker 1: this way subject to any government guarantees? That's what she's asked. So, yeah,
Speaker 1: I have no idea what this is, so talk to me.
Speaker 1: So it's not guaranteed.
Speaker 2: Again, it's another type of investing, and I think it's
Speaker 2: an important one to tackle. It's not something I adore
Speaker 2: or but at the same time, I know a lot
Speaker 2: of our community do. And everybody picks different investment choices
Speaker 2: that are aligned to their values. So let's quickly talk
Speaker 2: about what P to P lending is. It's essentially lending
Speaker 2: that allows a person who needs a personal or a
Speaker 2: business loan to borrow money from an investor instead of
Speaker 2: going to some lender lack a bank. George. So maybe
Speaker 2: you go, hey, the I need to start.
Speaker 1: Up a business.
Speaker 2: I need five grand. I'm like, oh, I've got five
Speaker 2: grand in my savings. Hey, if you give me that
Speaker 2: five grand back in a certain period of time with
Speaker 2: an additional five percent, can we call that even? You go, yeah,
Speaker 2: that's much better. I much prefer that. And essentially the
Speaker 2: borrower takes out a loan and then repays it with
Speaker 2: interest over time, similar to any other investment, but you
Speaker 2: don't own anything. You essentially are not buying something. You're
Speaker 2: just lending money out like a bank would, getting some interest.
Speaker 2: Then you'll get your money back and maybe you'll set
Speaker 2: up another.
Speaker 1: Loan in the future.
Speaker 2: It's not actually like Victoria and Georgia lending five grand
Speaker 2: to each other setting up a deal. It's usually run
Speaker 2: through online platforms that exist to do this, and it's
Speaker 2: really important to ensure that the online platform that you
Speaker 2: choose is legitimate, which you can do by checking whether
Speaker 2: they're registered with ACIC or not at the Asset Connects
Speaker 2: Professional Register website, which will obviously link in the show notes.
Speaker 2: So there are benefits as investors because it just sounds
Speaker 2: fun and I know that a lot of people want
Speaker 2: to invest in things that they're genuinely interested in. Interest
Speaker 2: rates can actually be higher than other types of investing,
Speaker 2: which people see is quite sexy, and it's run through
Speaker 2: an online platform which makes it relatively easy to access
Speaker 2: and to actually manage. But the cons as an investor is, yes,
Speaker 2: it can be quite risky because if the loans are unsecured,
Speaker 2: that means there's a higher chance that you could lose
Speaker 2: your money, and you also may get a lower return
Speaker 2: than expected if your borrower can't actually repay that loan,
Speaker 2: So you're actually basing your investment choices on whether the
Speaker 2: borrow is actually going to repay it or not. And
Speaker 2: I think we need to remember that, you know, as
Speaker 2: much as everybody borrows money with good intentions, if you're
Speaker 2: lending to help small business I don't mean to sound negative,
Speaker 2: but lots of small businesses don't actually succeed, and people
Speaker 2: do borrow money for that, and it can actually be
Speaker 2: fickle to recover, and there aren't actually any types of
Speaker 2: government protections available either, So if you lose your money
Speaker 2: because of fraud or an error made by their platform,
Speaker 2: then it's very likely that you're not going to be compensated,
Speaker 2: which is not a good thing. I'm not the biggest
Speaker 2: fan of peer to P lending when it comes to
Speaker 2: talking about it on a podcast and advocating for it
Speaker 2: as a really great option to invest in to create
Speaker 2: future financial freedom, But it would be silly of me
Speaker 2: to say I'm not interested in it as a person
Speaker 2: who's interested in investing, So there are lots of platforms
Speaker 2: that I follow quite closely because I'm like, oh, that's
Speaker 2: so interesting, and like there's lots of like micropeer to
Speaker 2: peer investing platforms and lending going on, and there's bigger
Speaker 2: platforms that do exactly the same thing. But at the
Speaker 2: end of the day, I just don't think it's for me.
Speaker 2: As I've said a million times on the podcast, I'm
Speaker 2: a buy and hold, long term strategy kind of goal
Speaker 2: and this is not leaning towards that. But again, it's
Speaker 2: not the worst thing. If you're going to engage with this,
Speaker 2: just make sure it's legitimate and it's aligned to your goals.
Speaker 2: And it's also really important. Again, all I talk about
Speaker 2: is investing in risk. But it's interesting because a lot
Speaker 2: of people go, oh, I'm not risk averse, but it
Speaker 2: just feels safer because they like the idea of lending
Speaker 2: to small business. We really need to go back to
Speaker 2: our risk profiles and go yes, But is it actually
Speaker 2: more risky or not? Because more often than not, just
Speaker 2: because it's being talked about a lot, or it's really trendy,
Speaker 2: it might make you feel a little bit more secure,
Speaker 2: but in the grand scheme of things, it's actually worse
Speaker 2: when it comes to risk that you're taking on is
Speaker 2: it common. I have never heard of it. It's pretty common.
Speaker 2: It is relatively common. There are a lot of big
Speaker 2: brands that do it. I'm not going to name drop
Speaker 2: them now because I don't want to be advocating them,
Speaker 2: but yeah, it is a relatively common way to invest.
Speaker 2: I wouldn't say it's a way to invest. You know,
Speaker 2: it's not as easy to find out about as the
Speaker 2: ASEX would be or property, but it is increasing in
Speaker 2: awareness and it is increasing in popularity.
Speaker 1: There you go, I'm learning along with the listeners. Okay,
Speaker 1: next question is from Kylie. She wants to know how
Speaker 1: you can start to save when every cent from your
Speaker 1: pay is taken up, so she wants to know how
Speaker 1: to break the cycle. And she's also mentioned that she
Speaker 1: has no credit cards, just a mortgage, a car loan,
Speaker 1: and some bills.
Speaker 2: Okay, so first things first, Kylie, my friend, do not
Speaker 2: be hard on yourself. If you are just living paycheck
Speaker 2: to paycheck and you can't save, that is not the
Speaker 2: worst thing in the world. I am so grateful that
Speaker 2: you're in a position where you have a mortgage, you
Speaker 2: have a car loan, you have food on the table,
Speaker 2: and we I think underestimate how special that is.
Speaker 1: So often I think.
Speaker 2: We really do need to remember that saving is such
Speaker 2: a privilege, Like how lucky are we Georgia to live
Speaker 2: in a country where we have enough money to not
Speaker 2: only put food on the table, but to put some away,
Speaker 2: like we get to save it, like we don't need
Speaker 2: every single dollar that comes in. So I think it's
Speaker 2: a really good question. But I also want to normalize
Speaker 2: being in a situation where every single cent from every
Speaker 2: single pay is taken up. Like it's okay if that
Speaker 2: is you. It's okay if you've gotten yourself to that situation.
Speaker 2: But if you're in a situation where you're like, no,
Speaker 2: be like, I know that's the case, but I'd really
Speaker 2: like to start saving. I want to break this cycle.
Speaker 2: There are a few things that you can do. So
Speaker 2: first things first is budget and cash flow. Can you
Speaker 2: create a solid budget to make sure that absolutely everything
Speaker 2: in your budget and cash flow is of value to you.
Speaker 2: You're getting the best deals on your energy, You're getting
Speaker 2: the best deals on food and water and everything else
Speaker 2: that you are paying for. When you said you had
Speaker 2: a mortgage, have you got the best interest rate when
Speaker 2: it comes to the car loan that you have are
Speaker 2: you actually paying it off over time? Is there a
Speaker 2: balloon associated with it? What kind of rate have you got?
Speaker 2: Should you be considering refinancing that car? But once we've
Speaker 2: worked out ways we can save money from our budget
Speaker 2: and cash flow, the next is actually supplementing our income,
Speaker 2: so we can do one of two things to make
Speaker 2: more money. We can find ways to save, which is
Speaker 2: really helpful and usually the easiest, quickest win. The second
Speaker 2: is to find a secondary source of income. So you
Speaker 2: could either ask for a raise at work, take on
Speaker 2: more hours, or you can find a little side hustle.
Speaker 2: And we did a side hustle episode recently Georgia that
Speaker 2: was like not a side hustle episode. It was literally
Speaker 2: like how to make money without having a side hustle,
Speaker 2: which I thought was really helpful.
Speaker 1: Via the apps. Yeah, yeah, via.
Speaker 2: Apps, literally from your couch or as we said on
Speaker 2: the pod, George, other people's couches.
Speaker 1: Love that catchy.
Speaker 2: But you could absolutely check out getting a side hustle
Speaker 2: and getting a supplementary income, because if you're saying that
Speaker 2: every single from your current income is being taken up,
Speaker 2: a side hustle is going to mean that every single
Speaker 2: cent you earned there can be savings, which is really
Speaker 2: really exciting. So I don't mean to be that guy
Speaker 2: that's like set up a budget and understand your cash flow,
Speaker 2: but at the end of the day, that is going
Speaker 2: to be the tool that actually helps you achieve your
Speaker 2: goals and make sure that when you do have an
Speaker 2: increase in income, you're making the most of it.
Speaker 1: Thoughts be on like setting up a little micro investing
Speaker 1: account or something like that and having say thirty dollars
Speaker 1: or something that's not too significant pulled out of your
Speaker 1: income each week and just having that set aside to
Speaker 1: like build up and become this little, this little savings
Speaker 1: account without you really realizing it's genius.
Speaker 2: I think it's really great, And our friends at up
Speaker 2: bank actually have a round up feature which means you
Speaker 2: could do that in a savings account without having to
Speaker 2: have it micro invested, depending on your goals, depending on
Speaker 2: what's going on, but I think it's really important as well.
Speaker 2: Some people don't have the flexibility to just slowly pay,
Speaker 2: you know, thirty dollars. Like automating things is obviously going
Speaker 2: to make it really easy and make sure that it
Speaker 2: actually happens each and every single week. Because I know
Speaker 2: of all people that if I said you've got to
Speaker 2: save thirty bucks a week about yep, easy done, I'll
Speaker 2: do it. Am I actually going to transfer it every week?
Speaker 1: No?
Speaker 2: Absolutely not. I'll probably like transfer it one week, forget
Speaker 2: for four. I have to transfer four weeks worth over
Speaker 2: It'll become a mess. So for me, automated banking is
Speaker 2: the way of the future Georgia. Yeah, and it helps
Speaker 2: me so much. But at the same time, if someone
Speaker 2: is saying, look, every single cent of my pay is
Speaker 2: taken up, sometimes they don't just mean oh yeah, like
Speaker 2: I just spend it all. Sometimes it's pre allocated in
Speaker 2: their budget and they actually just don't have anything to spare.
Speaker 2: But yeah, it's a really good idea to use features
Speaker 2: like the upbank feature of rounding up like or micro investing,
Speaker 2: because it all ticks away. Like on our Friday episodes,
Speaker 2: we sometimes ask Ryan where his aunt with his He's
Speaker 2: been investing on spaceship. He's been doing his five dollars
Speaker 2: a day to supplement his income, and that is building up.
Speaker 2: He has close to two thousand dollars in there now. Yeah,
Speaker 2: and even a day and he hasn't noticed it. So
Speaker 2: that's really lucky. But if you're not in that particular position,
Speaker 2: I think not being too hard on ourselves is really important.
Speaker 2: But then also just like what can we do instead
Speaker 2: of going, oh, I just don't know what to do,
Speaker 2: I'm telling you right now, check your budget, what are
Speaker 2: you spending. Have you actually made sure that you're getting
Speaker 2: the best deals on your utilities, your phone, have you
Speaker 2: done your refinances?
Speaker 1: What's going on.
Speaker 2: With all of that, And then we can talk about
Speaker 2: ways to increase your income.
Speaker 1: Brilliant? All right, Moving on to Jess, who wants to
Speaker 1: know if investing is a long term thing, then why
Speaker 1: is it okay to micro invest one thousand dollars or
Speaker 1: five thousand dollars and then pull it out for a
Speaker 1: new purpose, be that investing in a larger platform or
Speaker 1: putting it in savings. What are your thoughts on that question?
Speaker 2: Yes, So when you say why is it okay to
Speaker 2: micro investor thousand dollars or five thousand dollars? From my perspective,
Speaker 2: I mean you could use microinvesting platforms forever if you
Speaker 2: really wanted to, but they don't give you the option
Speaker 2: of taking the dividends out in the same way that
Speaker 2: a bigger platform would to create the income stream that
Speaker 2: you want to in the long term. They have all
Speaker 2: their dividends immediately reinvested because that's the way the apps work.
Speaker 2: So from my perspective, and I mean, micro investing apps
Speaker 2: are probably not going to like me saying this because
Speaker 2: I'm telling people to leave their platforms, probably a way
Speaker 2: I've never been sponsored by them, but that is okay.
Speaker 2: I genuinely see microinvesting apps as really beautiful education tools.
Speaker 1: I see it.
Speaker 2: As us dipping our feet in the market and being
Speaker 2: able to invest without having to put one thousand dollars
Speaker 2: or five thousand dollars on the line, because that is
Speaker 2: so much money. Whereas if I say to you Georgia, hey,
Speaker 2: I know that investing can seem really overwhelming, but microinvesting,
Speaker 2: maybe you try with your first five dollars, maybe you
Speaker 2: try with one cent on the Chasis platform. These amounts
Speaker 2: of money aren't going to ruin your life if you
Speaker 2: quote lost them. And I think that that's a lot
Speaker 2: of the apprehension that people have when it comes to investing.
Speaker 2: So I love micro investing because it gets you into
Speaker 2: the market. You get the app, you get to see
Speaker 2: what's going on in the market platforms like Spaceship don't
Speaker 2: even have any fees until you get to the five
Speaker 2: thousand dollar mark and you're able to invest money, see
Speaker 2: what the market's doing, follow the trends, see what they're
Speaker 2: investing in, and get really comfortable with the process. Once
Speaker 2: you get to that thousand or five thousand dollars amount,
Speaker 2: that's where you maybe want to take up a bigger platform.
Speaker 2: Maybe you've got your first five grand, you're like, oh,
Speaker 2: really want something where I have a bit more control,
Speaker 2: it's a little bit more monitored. I want to go
Speaker 2: to a more quote legit platform for investors, and that's
Speaker 2: where you might go, all right, it's finally time. I'm
Speaker 2: going to go join six Park and Victoria platform, and
Speaker 2: that is where you would then stay for the long term.
Speaker 2: Whereas you know, being fully transparent, you can't invest on
Speaker 2: the six Park platform with five dollars, it's not possible.
Speaker 2: You need a minimum of two thousand dollars to get
Speaker 2: good diversification up front. And even when you're at the
Speaker 2: two thousand dollars, which I think is brilliant, you do
Speaker 2: have less share selection and less etf options than you
Speaker 2: do when you have five thousand dollars. So it's important
Speaker 2: to remember the reason why you're investing, yes, investing for
Speaker 2: the long term is that if you were saying, oh,
Speaker 2: I use my micro investing platform to save one thousand dollars,
Speaker 2: then I pull it out and spend it. I think
Speaker 2: that is probably not the point of it. But if
Speaker 2: we're pulling that thousand dollars out because it's just been
Speaker 2: ticking away in the back, we've been doing some roundups,
Speaker 2: it's been incidental, we've been learning, then going and putting
Speaker 2: it on a bigger platform that is for the long term.
Speaker 2: It's a really good idea in saying that if your
Speaker 2: micro investor platform is not performing, I would absolutely be
Speaker 2: waiting until it bounces back so that you don't end
Speaker 2: up cashing out for a loss. So yes, I think
Speaker 2: it's one of those things where, yeah, it's okay to
Speaker 2: move platforms, but it's really important to remember that timing
Speaker 2: is everything when selling.
Speaker 1: Yeah, okay, Yeah, that's a really interesting question from Jess.
Speaker 1: I think because we can kind of confuse investing the messaging.
Speaker 2: That we Yeah, it's a really bad question.
Speaker 1: Yeah, yeah, because you would think, oh, well, micro investing,
Speaker 1: how is that different? Like long term is the goal,
Speaker 1: but that's not necessarily the case with micro investing.
Speaker 2: So that's it's just how I see it and can
Speaker 2: see how the platforms work. And for the long term, yes,
Speaker 2: maybe you get to your goal amount in your portfolio,
Speaker 2: but you don't have the flexibility of taking certain income
Speaker 2: streams and working out what's going on with it. And
Speaker 2: I think it's it's a really easy way to start
Speaker 2: your investment journey, but for me, it wouldn't be the
Speaker 2: long term. And I guess that's why it's called micro investing.
Speaker 2: And it's not just small amounts, but it's like the
Speaker 2: start point, which I really like. And as I said,
Speaker 2: I love the platforms. I just think that there is
Speaker 2: a right platform for a right time, and not every
Speaker 2: single platform works for every single person. Like that's why
Speaker 2: there are so many. That's why she is on the
Speaker 2: Money talks about so many different ones, because you might
Speaker 2: adore shares Ese or you might adore something else, and like,
Speaker 2: that's okay. My goal is actually not one platform.
Speaker 1: It's to just get you invested.
Speaker 2: But if we're talking about a particular platform on a podcast,
Speaker 2: you know that they've been vetted by us. You know
Speaker 2: that we like what they've got to offer and the
Speaker 2: team are really good and they're legit, so I guess
Speaker 2: it just goes to show that there are lots of
Speaker 2: different options on the market and it's actually up to
Speaker 2: you to choose.
Speaker 1: Hundi p. I think we also did a whole episode
Speaker 1: on micro investing. Yes we did, my friend, I can't
Speaker 1: remember that far back, but that will be really helpful
Speaker 1: for you as well, Jess. Okay, let's move on be
Speaker 1: to our final question. This is no fun, okay, so
Speaker 1: esther she is keen to know some tips for people
Speaker 1: living in regional and remote Australia when it comes to finance.
Speaker 2: This is such a good one Georgia, and we actually
Speaker 2: have so many people in our community who are remote.
Speaker 2: And that's the thing I love about podcasts. You could
Speaker 2: be anywhere listening to our podcast. You don't have to
Speaker 2: be in the city, you don't have to be in Melbourne.
Speaker 2: You could be literally standing in the middle of Australia
Speaker 2: looking at bu Laru getting financial advice in your ears.
Speaker 1: Which I adore. And the thing.
Speaker 2: About living remotely is lots of our listeners might not
Speaker 2: even realize how expensive it can actually be to live
Speaker 2: in more regional spots in Australia. So I guess it's
Speaker 2: worth explaining a little bit about why that is, because
Speaker 2: I first thought you might go, yeah, but probably so
Speaker 2: cheap out there, and it's like, yeah, but do you
Speaker 2: know how much food is out there? And the first
Speaker 2: kind of quote opportunity cost Georgia is that people who
Speaker 2: live regionally might not have the option to work in
Speaker 2: high paying roles that larger corporations offer. For example, if
Speaker 2: you're living in Melbourne, CBD and you don't like your role,
Speaker 2: you can go work at another place Georgia. If you
Speaker 2: were potentially working for a bank you don't like that,
Speaker 2: you're probably able to go work in a different bank
Speaker 2: branch in the city because there are so many that
Speaker 2: are accessible. But if you live remotely, there might just
Speaker 2: be one bank branch, and if you're a bank teller,
Speaker 2: there's actually no other options without leaving your town, which
Speaker 2: really limits choice and actually really limits opportunity. And there's
Speaker 2: also the barrier of being able to afford access to
Speaker 2: affordable groceries like I know, Georgia, you and I love Audi,
Speaker 2: but that's not actually accessible to everybody in our community
Speaker 2: because often AUDI isn't actually available to you. So we
Speaker 2: say go shop at Audi. It's really cost effective, but
Speaker 2: a lot of our community are going to go they
Speaker 2: like AUDI, that's in another state. We can't even get
Speaker 2: to it, and even some larger supermarkets aren't that accessible
Speaker 2: for some of our community. Plus, produce in small supermarkets
Speaker 2: can be so much more expensive because of how far
Speaker 2: it's had to travel to actually be for sale on
Speaker 2: the shelf in that shop. So there are also multiple
Speaker 2: other factors and it's actually something that we are looking
Speaker 2: into doing a whole episode on, including conversations with our
Speaker 2: friends and family who live regionally, so watch this space.
Speaker 2: But in terms of financial tips, Georgia make the most
Speaker 2: of smaller, tight knit communities and set up a side hustle.
Speaker 2: Fewer people ge makes it easier to network. So if
Speaker 2: you're looking to make some extra casholer talk to people
Speaker 2: about any services they need that you might be able
Speaker 2: to help with. Babysitting, dog walking, lawn mowing. You can
Speaker 2: do it all, my friend.
Speaker 1: How do you mow a law in other news, have
Speaker 1: you ever done it? Go, let's move on.
Speaker 2: I mean I know the process. I know that my
Speaker 2: dad puts petrol in his law mower, and you can
Speaker 2: buy non petrol law mowers nowadays, but my dad says
Speaker 2: they're not legit, so I don't really know at this
Speaker 2: point in life. My partner who has a fascination with
Speaker 2: lawns can actually keep that, and if anybody else's partners
Speaker 2: is obsessed with lawns, as my partner, we should probably
Speaker 2: start up. But helpfully Georgia, if buying property is something
Speaker 2: you want to do, it's actually significantly more affordable to
Speaker 2: do so in a regional town, which is a nice benefit.
Speaker 2: But it can also be harder to shop more frugally
Speaker 2: in small towns too, because as I said before, they
Speaker 2: might not have huge supermarkets or audis. But think about
Speaker 2: every other item that you need to purchase, like shoes
Speaker 2: and clothes and hair accessories and literally make up. Everything
Speaker 2: needs to either come from online or you need to
Speaker 2: travel a significant distance. I et petrol, money and time
Speaker 2: to go and get those things. So I think it's
Speaker 2: more about accessibility. So I think when it comes to
Speaker 2: living remotely, just being savvy about your shopping. What can
Speaker 2: you order online? Can you do that remotely? Are the
Speaker 2: things that you could do in your community or online
Speaker 2: that could increase your income? So as much as I
Speaker 2: don't have a whole heap of hot tips. I hope
Speaker 2: that is helped and keep your ears peeled, because we
Speaker 2: do have an episode coming in that space.
Speaker 1: Honey, pe once again, I'd be really curious to hear
Speaker 1: from our friends who do live regionally and remotely. To
Speaker 1: hear firstly their struggles as we've tried to list that's
Speaker 1: what we've gathered, but there's actually not that much information
Speaker 1: out there at this stage. But also to hear their
Speaker 1: financial tips and how they manage their money when they
Speaker 1: don't have easy access to everything as we city folk do.
Speaker 2: Yeah. Gee, straight under the bus for you today. You're
Speaker 2: going to post in the Facebook group and we're going
Speaker 2: to have a thread discussing exactly.
Speaker 1: That stunning love it. I'll accompany it with a little
Speaker 1: bit of a photoshop job. I right, Yeah, I.
Speaker 2: Think that'll be good. Could you photoshop us regionally?
Speaker 1: That would be really nice? Yeah, thank you, yes, done?
Speaker 1: All right, Thank you again to everyone who's sent in
Speaker 1: the questions. You're all bloody legends. And yeah, as we
Speaker 1: said as well, if you did enjoy the episode, let
Speaker 1: us know and we will look at doing a little
Speaker 1: second EP, maybe a third.
Speaker 2: Yeah, if you like Q and AS. I've had fun
Speaker 2: answering these, and I think, gee, you had fun listening
Speaker 2: to them.
Speaker 1: I'd go with that. I was also surprised no one
Speaker 1: asked how Victoria does her hair. I thought that would
Speaker 1: come up like fifty today.
Speaker 2: I have it in a ponytail, so very simply. My friends,
Speaker 2: all right, they let's leave it there. Yeah, look, I
Speaker 2: think that is all we have time for today. So
Speaker 2: just before we head off, we'd like to acknowledge and
Speaker 2: pay respect to Australia's Aboriginal and tourist rate islander people's.
Speaker 2: They're the traditional custodians of the lands, the waterways and
Speaker 2: the skies all across Australia. We thank you for sharing
Speaker 2: and for caring for the land on which we are
Speaker 2: able to learn. We pay our respects to elders past
Speaker 2: and present, and we share our friendship and our kindness.
Speaker 1: And remember, as always, guys, that the advice shared on
Speaker 1: She's on the Money is general in nature and does
Speaker 1: not consider your individual circumstances. She's on the Money exists
Speaker 1: purely for educational purposes and should not be relied upon
Speaker 1: to make an investment or a financial decision. And we promise.
Speaker 1: Victoria Devine is an authorized representative of Australia Pacific Funds
Speaker 1: Management Proprietary Limited ABN three four one three two four
Speaker 1: six three two five seven AFSL three three nine one
Speaker 1: five one nurse see you next week.
Speaker 2: Guys.
Speaker 1: Bye guys, Bay Games.
Speaker 3: That was weird from two uh tony leave that in
Speaker 3: no