Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.
Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
Speaker 1: the storytelling of you to make a difference for today
Speaker 1: and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money, She's on
Speaker 2: the Money.
Speaker 3: Hello, and welcome to She's on the Money, the podcast
Speaker 3: for millennials who want financial freedom. Today is Friday, which
Speaker 3: means it is time to sit back with yet another guest.
Speaker 3: We have Ana Lisa, our producer, and of course misters
Speaker 3: Garricci with us today to recount our favorite moments of
Speaker 3: the week and of course to celebrate you, our beautiful
Speaker 3: She's on the Money community. As always, we're going to
Speaker 3: be sharing our favorite money wins. We're going to be
Speaker 3: discussing what's making news in the finance world, and we're
Speaker 3: going to be helping to answer a juicy money question,
Speaker 3: which is all about someone who loves their job but
Speaker 3: doesn't really like their pay. But first it is time
Speaker 3: to recap the week that was, and helping me do
Speaker 3: that today is Ana Lisa with our Monday Money Diaries
Speaker 3: episode this week, which we co authored.
Speaker 2: Oh my goodness, my voice is on this podcast twice
Speaker 2: in one way, am I I hek.
Speaker 3: Here our listeners to experience the joy that is Ana Lisa.
Speaker 2: Hello, everyone, so nice to join you on this second
Speaker 2: last day of the year.
Speaker 3: Oh my gosh, yes absolutely. Ana Lisa is one of
Speaker 3: our favorite people. Also our favorite producer, is.
Speaker 2: That fair to say.
Speaker 3: We've also got Sam Sam's editing this episode, so Sam,
Speaker 3: we do different things. She's our favorite female producer. I
Speaker 3: appreciate you, and hey, v Monday was so much fun.
Speaker 3: I made you pick the ones that just really kind
Speaker 3: of you thought you were going to go in one
Speaker 3: direction with them, and then we ended up going in
Speaker 3: another direction, learning.
Speaker 2: This whole other level of stuff about it. So it
Speaker 2: was so fun to stand over you and force you
Speaker 2: to pick just a couple out of what has been
Speaker 2: an incredible year. As usual from our community of money dire.
Speaker 3: Such a big conversation to have as well, Like you
Speaker 3: came to me with this idea, and I was just like,
Speaker 3: there's absolutely no way I'm picking favorite money diaries. Let's
Speaker 3: do ones that shook us or ones that we consistently
Speaker 3: think about. And I think we did that in a
Speaker 3: really really good way. Like so many of them. You'll remember, Jess,
Speaker 3: you'll remember a lot of them as well. You'll be yeah,
Speaker 3: I don't know, feel like they were engaged and impactful
Speaker 3: and just I love our money diarists so much so
Speaker 3: it was hard to pick. Are we going to do
Speaker 3: a little summary? Are we going to make people listen
Speaker 3: back to the episode? You can do a summary, so like,
Speaker 3: can you do analysa? Sell it to the people?
Speaker 2: All right? Well, first we had Phoenix Rising from the
Speaker 2: Ashes from the ninth of the fifth Ye follower on Instagram.
Speaker 3: Now obviously you guys don't know because I follow her
Speaker 3: like two thousand people, so good luck bar still anonymous. Yeah,
Speaker 3: she's also private, so good luck with you of that.
Speaker 3: But she was incredible. She survived in an abusive relationship,
Speaker 3: she paid off one hundred and twenty thousand dollars in
Speaker 3: credit card debt, took her seven years and ended up
Speaker 3: costing her quarter of a million dollars, and it just
Speaker 3: it blows my mind that she's now completely debt free,
Speaker 3: living her best life. She has a wonderful partner, she
Speaker 3: has a side hustle.
Speaker 2: She's just like Queen and loves a spreadsheet.
Speaker 3: Absolutely loves it, don't we all you kind of hear
Speaker 3: because you love spreadsheets.
Speaker 2: This is why I haven't been on the pog before
Speaker 2: because I am terrified by spreadsheets. Okay, so next up,
Speaker 2: and yeah, this was extraordinary and extraordinary on so many levels.
Speaker 2: It was called from public housing to ten k a
Speaker 2: week as a sex worker. It was from the eighteenth
Speaker 2: of the seventh Ladies. Big takeaways from this one.
Speaker 3: I feel like this one was spicy at the same
Speaker 3: time as being really empowering. This money dois kind of
Speaker 3: always knew she wanted to be a sex worker, and
Speaker 3: she was really open about that. She's like, at eighteen,
Speaker 3: I just knew what I wanted to do. That's what
Speaker 3: I wanted to do. I knew I'd be good at it.
Speaker 3: I'm going to go ahead and get it done. She's
Speaker 3: somebody that I know through my social circles and to
Speaker 3: be honest, her journey is really incredible. But learning that
Speaker 3: she can earn or sometimes does earn ten thousand dollars
Speaker 3: a week but is still terrible at cash flow tests,
Speaker 3: I think had us both banging our heads against the wall.
Speaker 3: We were like, girl, you are earning so much money,
Speaker 3: be better at cash flow. But obviously she's still super
Speaker 3: financially successful. She had like investment properties, so it's her
Speaker 3: house and all of that, but you're just.
Speaker 2: Saying, what are you doing? She was borrowing money for
Speaker 2: lunch sometimes, and I was like, at least I'm not
Speaker 2: the only one who might someone.
Speaker 3: Oh my gosh, no money. I feel like cash flow
Speaker 3: issues or being in a position where you're not able
Speaker 3: to manage your cash flow is effectively as you might
Speaker 3: want to, is not exclusive people who don't have enough money, Like,
Speaker 3: it doesn't matter how much you own, it's actually how
Speaker 3: you allocate.
Speaker 2: It and what you do.
Speaker 3: And some of the most financially successful people I've seen
Speaker 3: aren't the ones with the biggest dollars in their bank account.
Speaker 3: It's actually the people who are just as savvy as possible.
Speaker 3: And I guess that's why we have shees on the money, right.
Speaker 2: But I loved this. I felt like it was really interesting.
Speaker 3: She shared her story of growing up in public housing
Speaker 3: being a single mum. She talked about the tricky side
Speaker 3: of business because being a sex worker, you're often, you know,
Speaker 3: a sole trader. You are actually the bookkeeper and the
Speaker 3: accountant and also the admin person and the person doing
Speaker 3: the work, and there's just so much more to it
Speaker 3: than you think there is, and it's just it's super interesting.
Speaker 3: Also how she pivoted during COVID and just what she
Speaker 3: got up to. I don't know, I'm pervy on everyone's
Speaker 3: financial circumstances. Oh no, know what you do.
Speaker 4: I do.
Speaker 2: Listen back to that episode definitely, one hundred percent.
Speaker 3: Let's not go through the rest though the rest are
Speaker 3: really good, and I feel like we'll hop on and
Speaker 3: on and then you won't listen to the show. And
Speaker 3: I just think that everybody should listen to that episode
Speaker 3: because it was a really fun recap.
Speaker 2: Please do. And again, biggest takeaway is how freakin incredible
Speaker 2: our community are and how much we just do in
Speaker 2: awe of all of you, and how appreciative I am
Speaker 2: to get to talk to you all before you go
Speaker 2: to Yeah, by the way, I get to spend so
Speaker 2: much time, and I'm the greedy one and I love it.
Speaker 3: Soon It's actually my favorite thing in the world. And
Speaker 3: just like how diverse our stories are. Yeah, we all
Speaker 3: have the same underlying set of values that we all
Speaker 3: want financial freedom and we're all working towards that and
Speaker 3: what that means for us.
Speaker 2: And I just think so cool and I love it
Speaker 2: and we can't wait to share more of your stories
Speaker 2: in twenty twenty three.
Speaker 3: We're so excited talking about setting intentions for the new year.
Speaker 3: Miss Jessegrici, let's recap the deep dive we talked about
Speaker 3: investing personalities this week.
Speaker 4: Yeah, so a little bit of an unofficial official list
Speaker 4: of a way to break your I suppose investing style down.
Speaker 4: We went through a list put together by a woman
Speaker 4: named Kathleen Gurney quite a few years ago, and while
Speaker 4: it's not I suppose an official classification, it was a
Speaker 4: really interesting way of kind of breaking down the different
Speaker 4: types of people. It had a fun kind of BuzzFeed
Speaker 4: quiz vibe to it, and it was really interesting to
Speaker 4: kind of look at the way that someone had kind
Speaker 4: of stepped back and objectively categorized investors into their different
Speaker 4: I suppose titles or groups and you could kind of
Speaker 4: go through and we did, and we said, oh, I
Speaker 4: feel like I might be this with a little bit
Speaker 4: of this, and we put a really fun thread I
Speaker 4: believe in the Facebook group the day that went up,
Speaker 4: so everyone else could let us know what personality they
Speaker 4: thought they had as well.
Speaker 3: And it was so fun learning what you guys thought
Speaker 3: you were. But also I think it was interesting talking
Speaker 3: about it because I think the second, you know, how
Speaker 3: like when you talk about, oh, what is your personality
Speaker 3: and I'm like, IGT or whatever it is, I've lost
Speaker 3: track of all the letters that are meant to be
Speaker 3: in it. I feel like we sometimes get a label
Speaker 3: and really stick with that. But the thing with investing
Speaker 3: personalities are they're so driven by education and your life circumstances.
Speaker 3: So like going through it, I was like, oh my gosh,
Speaker 3: I used to definitely be this person, but I'm now
Speaker 3: over here, and like, you know, in the future, I
Speaker 3: might be somewhere else, because as you get older, priorities
Speaker 3: change and things shift, and your education level increases hopefully
Speaker 3: over time. And I just think one thing that I
Speaker 3: really want to point out here when we're talking about
Speaker 3: investing personalities is if you feel like you resonate with
Speaker 3: a bucket, but you don't want to be resonating with
Speaker 3: that bucket. It doesn't mean you can't change, It doesn't
Speaker 3: mean you can't shift over to something else. It's not
Speaker 3: a stagnant money personality that is going to be you know,
Speaker 3: your label for life, which I think sometimes we take
Speaker 3: a little bit too literally and that can be not
Speaker 3: so positive.
Speaker 2: Oh and you know my favorite part of this year
Speaker 2: guys top lists of things don't ask me to make
Speaker 2: my own. I love leading everyone else's And also little
Speaker 2: personality quizzes and what am I and what do I
Speaker 2: align with? That's I'm about stuff.
Speaker 4: I love it.
Speaker 3: Also, I do love a BuzzFeed quiz like hell, yeah,
Speaker 3: which Disney princess are you like?
Speaker 2: Ten out of ten?
Speaker 3: I will always come out as well. We are going
Speaker 3: to move on, though. I want to know, miss jessic RICI,
Speaker 3: can you talk us through your budget? Direct money wins
Speaker 3: of the week absolutely.
Speaker 4: My first win this week comes from who Says money whin.
Speaker 4: I bought a twenty dollars bottle of prosecco that came
Speaker 4: with a twenty dollars adore beauty voucher from a scratch
Speaker 4: off code, so I ordered some mini shampoo and conditioner
Speaker 4: with free shipping, so the bottle of proscco was basically free.
Speaker 3: So is the bottle of prosecco free? Or is the
Speaker 3: stuff you were ordered from a door free?
Speaker 2: Which one? Is it going to be?
Speaker 3: That's a good and you get, don't you usually get
Speaker 3: like a free Tim Tam. It's so naughty. One of
Speaker 3: my old hairdressers used to sell the shampoo and conditioner
Speaker 3: that I used, and should always be like, oh, do
Speaker 3: you need a top up? And I'd always say no
Speaker 3: because I wanted to order it from the dogs. I
Speaker 3: wanted the Ti Tam. It's just a nice little sweet
Speaker 3: trip little treaty tree for doing the right thing by
Speaker 3: ordering online. And then it was on shop backs so
Speaker 3: I'll always get money back. It was just an all
Speaker 3: round win. You know what else have you got for us?
Speaker 4: Jess big One from Bianca, who says a life win.
Speaker 4: I purchased my first home all on my own.
Speaker 2: Are you kidding? I love hearing so exciting.
Speaker 4: Congratulations Vianka, that must be the best feeling in the world.
Speaker 4: My next win come from Sash who said money Win.
Speaker 4: I got to use all of my glassware credits on
Speaker 4: Flybys through Colls to get so much new fancy glassware
Speaker 4: for our new house. But it was completely free.
Speaker 2: I think it's fun.
Speaker 3: I feel like that should just go to your cheer
Speaker 3: win as well, because you're a Flybys queen.
Speaker 2: We love a fly eyes win in this office absolutely.
Speaker 3: How are you were your Flybys Now we're slowly building
Speaker 3: them back up like where we are.
Speaker 4: Oh, I don't have that many. I think I have
Speaker 4: like maybe fifteen thousand, which sounds.
Speaker 3: Me not that many. That's fifteen thousand more than I have.
Speaker 4: That sounds like a lot, but it's not that many.
Speaker 4: I'm saving for a Dyson. Previously, I got a kitchen
Speaker 4: eate so yeah, which always to Witch Dyson, which every
Speaker 4: one I can afford with my points.
Speaker 2: Yeah, okay, I have. She's on the money to thank
Speaker 2: for signing up to Flyby ccy that points taking episode
Speaker 2: actually made me sign up to that for the first time.
Speaker 3: We even influence our own team.
Speaker 2: Yeah, I love this. I'm in now. I don't know
Speaker 2: how many points I have. I'm still figuring it out,
Speaker 2: but yeah, I've started.
Speaker 4: Yeah, that's so exciting.
Speaker 3: Oh my gosh, you know, my partner used to work
Speaker 3: for Flybyes and I still don't have.
Speaker 2: Keep that one secret to do.
Speaker 4: As she says, not as she does. Our next money
Speaker 4: comes from April, who said, I got a partial scholarship
Speaker 4: to a four day conference I really wanted to attend.
Speaker 4: I was only going to be able to attend one day,
Speaker 4: but with this I can attend all four I can
Speaker 4: also claim the portion I pay for tax as it's
Speaker 4: professional development for my job, a certain number of hours
Speaker 4: are required each year and it's going to be heaps
Speaker 4: of fun.
Speaker 2: Oh my god, how good is that?
Speaker 3: And that's a really good tip to always see if
Speaker 3: there's a way to get a scholarship, yeah, or some
Speaker 3: kind of support in that space, especially if you're a
Speaker 3: student wanting to go to conferences. Like That's one of
Speaker 3: my biggest tips when it comes to career is really
Speaker 3: putting yourself out there to learn more about your industry
Speaker 3: and like, what is the industry doing that you know,
Speaker 3: maybe you could learn from or even network from, because conferences,
Speaker 3: you know, who goes to conferences, People who already work
Speaker 3: in the industry that you could potentially meet, might lead
Speaker 3: to a job, might lead to you having a better
Speaker 3: education might lead to just cool friend.
Speaker 4: Let's be honest, Big Dog, Big Dog's doggy. Yeah, one
Speaker 4: hundred percent. And my last win for to day is
Speaker 4: a fun one. It comes from Kirston, who said, money Win.
Speaker 4: We randomly got three tomato bushes growing in our backyard,
Speaker 4: either from dog poop or from someone throwing up. Either way,
Speaker 4: I take it we won't have to buy tomatoes cans.
Speaker 2: I'm sorry. Are they the only two reasons that natural
Speaker 2: tomatoes happen in your yard?
Speaker 4: I don't know if bees pollinate them, but it seems unlikely.
Speaker 2: Vomiting or dog poop.
Speaker 3: Someone lefted tomato in your garden from a wholesome barbecue
Speaker 3: that you had. Tomato just slipped off their plate, out
Speaker 3: of their burger and into your garden.
Speaker 2: Like love it. Someone bomited it.
Speaker 4: I thought that was a perfect note to end the
Speaker 4: money wins old.
Speaker 3: Yeah, that's very shees on the Money's we celebrate everything
Speaker 3: here absolutely tomato.
Speaker 2: I love that alright, Jess.
Speaker 3: It was great celebrating some of your budget Direct money Wins.
Speaker 3: Budget Direct winner of Canstar's Insurer of the Year Award
Speaker 3: twenty twenty two. Budget Direct Insurance sold let's go to
Speaker 3: a really quick break, and on the other side, we
Speaker 3: are going to deep dive into what's happening in the
Speaker 3: finance world and also answer a question from someone who
Speaker 3: loves their job that hates their page. Don't go anywhere, alrighty.
Speaker 4: I saw a really interesting post recently talking about how
Speaker 4: banks and other lenders are routinely discriminating against women who
Speaker 4: apply for loans and credit cards whilst they're on paid
Speaker 4: parental leave, which upfront sounds absolutely awful. Like this school stint,
Speaker 4: we do not stand for discrimination in this house at all,
Speaker 4: and we already know women who have taken time off
Speaker 4: for parental leaver on the back foot so significantly already.
Speaker 4: It seems like they don't need the additional layer of
Speaker 4: them not being able to get a loan for their
Speaker 4: house or if they need a car, or whatever that
Speaker 4: might be. But I feel like it raises a bit
Speaker 4: of an interesting conversation because as though I was reading
Speaker 4: through the post, you know, there are a few examples
Speaker 4: of women that they had interviewed as a part of
Speaker 4: this process, and they were saying that, you know, they'd
Speaker 4: been knocked back a couple of times. One woman particularly
Speaker 4: said she'd be returning to work full time, but was
Speaker 4: asked to get a letter from her employer to prove
Speaker 4: that was the case, and after that she canceled her
Speaker 4: load upation because she felt like that was discriminatory behavior.
Speaker 4: But as I was kind of reflecting on it, I
Speaker 4: thought about the fact that, you know, if I was
Speaker 4: a bank, I would kind of want some kind of
Speaker 4: proof as well, because I've got a friend who's just
Speaker 4: recently gone on attorney even she was intending to be
Speaker 4: gone for six months and it ended up being eighteen,
Speaker 4: which I think is quite standard where you don't know,
Speaker 4: You just don't know what's going to happen, or what
Speaker 4: your personal circumstances, or maybe your partner decides that they're
Speaker 4: gonna work full time and you're going to be a
Speaker 4: stay at home pair. There are so many different ways
Speaker 4: that it can go, and I was kind of wondering,
Speaker 4: how do we classify I guess this behavior as discriminatory.
Speaker 4: Is their room for a bank to be kind of
Speaker 4: doing their due diligence, because I would almost compare this
Speaker 4: to when we talk about after pay and we say, oh,
Speaker 4: if someone kind of thought to pay their after pay,
Speaker 4: they shouldn't be giving them, you know, that line of credit.
Speaker 4: Would you consider this to be the same thing or
Speaker 4: am I kind of not on the right track here.
Speaker 3: I've got opinions, but given we've got Anna Lisa in
Speaker 3: the house today, I want to know your opinion.
Speaker 2: Feeling very big moral question, isn't it. It's fascinating how
Speaker 2: much do we expect from our big companies to sort
Speaker 2: of have an empathic approach to our circumstances and what
Speaker 2: is classified as discrimination? Very good question, jay Rick. I mean,
Speaker 2: I'm not a parent, and I'm actually well, I've got
Speaker 2: my studio babies in here right now. You also have
Speaker 2: a yes, my fame away home.
Speaker 3: Correct, our little Burmegi's chalky boy who is very needy.
Speaker 2: Well, we could just talk all about him, do you
Speaker 2: change she's.
Speaker 4: On the cash?
Speaker 2: Very good point about after pay and the due diligence
Speaker 2: that a company does need to do when it's extending
Speaker 2: a line of credit. But also totally impossible to detach
Speaker 2: from empathy and concern around discrimination, as you say, at
Speaker 2: all of those points that you raised at the top,
Speaker 2: jay Rik, Like, it's really complex, isn't it. Yeah?
Speaker 4: And those I completely understand how as a woman in
Speaker 4: that position as well, Like if you've had that experience, like,
Speaker 4: it's not going to feel good. Like I have no
Speaker 4: doubt that if I was in the same position, I
Speaker 4: would probably be feeling exactly the same. It's only because
Speaker 4: I was reading an article as a whole, as someone
Speaker 4: with no personal attachment to the situation, that I kind
Speaker 4: of was thinking about those kinds of things.
Speaker 2: You're a deep think it too.
Speaker 4: Got a few brains.
Speaker 3: Yeah, I just find it really interesting because yes, like
Speaker 3: on the surface, it sounds terrible, right, women being asked
Speaker 3: to justify their parental leave to get alane. You just go,
Speaker 3: I'm offended. That is awful. But then on the flip side,
Speaker 3: having worked in the finance space, it's actually the bank's
Speaker 3: job to do their due diligence to make sure that
Speaker 3: you know, Jess, we'll use you as a live example.
Speaker 3: If you had a baby next week, I don't know
Speaker 3: if it'll be six months or eighteen months, I don't
Speaker 3: know if you're planning on returning part time, can you actually.
Speaker 2: Service that home loan?
Speaker 3: Is that something that's going to be considered in this circumstance,
Speaker 3: And if we're going to call it discrimination, would they
Speaker 3: have asked a mail the same thing. And I know
Speaker 3: it's not as common for men to take parental leave,
Speaker 3: but we're not calling it maternity leave anymore. We're calling
Speaker 3: it parental leave because any parent can take it. And
Speaker 3: I think the real question here is if somebody was
Speaker 3: going to be in a position where they're just taking
Speaker 3: parental leave, would the bank ask this question regardless of gender,
Speaker 3: just because it's part of their risk management plan? Because
Speaker 3: I want to make sure that if I'm lending you money, Jess,
Speaker 3: you can pay it back. It's good for them. It's
Speaker 3: also good for you to have somebody doing their due
Speaker 3: diligence to make sure that you're not going to be
Speaker 3: in a compromised financial circumstance. Because if I look at
Speaker 3: it and go all right, well, maybe Jess will do this, this,
Speaker 3: and this, I think it's fair to also go, well,
Speaker 3: you know, if Steve and I had kids and he
Speaker 3: decided to stay home, would they ask the same question
Speaker 3: of him? And to be honest, I would fully expect
Speaker 3: if I was going out to get a home loan
Speaker 3: like this person was in this story, and the story
Speaker 3: was actually, hey, my male partner went out and applied
Speaker 3: for a home loan, and he told the bank that
Speaker 3: he would be returning to work full time, but he
Speaker 3: was asked to get in a letter from his employer.
Speaker 3: I actually would find that really stand it. I would
Speaker 3: love to know more about why that person withdrew their application.
Speaker 2: I don't mean to be rude.
Speaker 3: I think there is a conversation about discrimination and making
Speaker 3: sure that circumstance isn't because it's our role to make
Speaker 3: sure that doesn't happen. But let's say it's not. Why
Speaker 3: did she cancel her loan application? Like, why wouldn't you
Speaker 3: just go get a letter if you need a home loan?
Speaker 3: Why wouldn't you go get a letter from your employer
Speaker 3: to be like, well, yeah, no, no, no, sorry, the
Speaker 3: plan is to come back after twelve months.
Speaker 4: Well, I've heard in regards to home loans, I've heard
Speaker 4: stories from friends who were not on maternity leave, but
Speaker 4: they were in their probation period at work, and when
Speaker 4: they applied for their home loan, something the bank requested
Speaker 4: was a letter from their employer confirming that their probation
Speaker 4: would be extended.
Speaker 3: I've signed those letters before for people on our team
Speaker 3: needing loans or car loans or you know, going for
Speaker 3: a home loan, and it makes sense because you're in
Speaker 3: a risky period of your employment right now and the
Speaker 3: bank just wants certainty that you're going to pay it back.
Speaker 3: And I don't genuinely believe that it was ever about
Speaker 3: the individual because they apply those things to the millions
Speaker 3: of customers that they have. Because if there's one Jess
Speaker 3: that needed to take some leave and that's fine, and
Speaker 3: we don't know when she's coming back, that's not actually
Speaker 3: a big impact on the bank. But if there's one
Speaker 3: hundred thousand Jesses all in the same circumstance, what does
Speaker 3: the risk look like for that bank and what are
Speaker 3: they actually taking on when they agree to that. So
Speaker 3: from my perspective, I just think it's actually really smart
Speaker 3: and it comes under the responsible lending laws in Australia,
Speaker 3: which actually requires our banking system to assess an overall
Speaker 3: customers income and expenses and overall ability to pay back alone,
Speaker 3: so that you're in the best possible position. Like the
Speaker 3: responsible lending laws don't exist for the banks to be
Speaker 3: in the best possible position. They exist to put the
Speaker 3: consumer in the best possible position. I think in twenty
Speaker 3: twenty two, given how strict. Our legal obligations are under
Speaker 3: the Anti Discrimination Act, we actually need to go hmm,
Speaker 3: is there more to this, like calling out bad behavior?
Speaker 2: Where it is?
Speaker 3: Because if this is just solely because you're a female
Speaker 3: and we don't know if you'll go back to work,
Speaker 3: that's disgusting. But I also think that a bank doing
Speaker 3: their due diligence to protect them and protects you, there's
Speaker 3: nothing wrong with that.
Speaker 4: The same article sided another woman who had applied for
Speaker 4: a credit card and apparently her credit card was automatically
Speaker 4: canceled because she was on parental leave.
Speaker 2: What.
Speaker 4: Yeah, so that's where I kind of go, Okay, that's
Speaker 4: a different story.
Speaker 2: Exact thing like that.
Speaker 4: I can see leaning a little bit more into it.
Speaker 4: I suppose, Again, it depends on how far along that
Speaker 4: application got. Because if they looked at the application and
Speaker 4: they said, oh, based on your current income and the
Speaker 4: fact that you're on parental leave, it's not feasible, and
Speaker 4: then they canceled it, that would be one thing. But
Speaker 4: if there was like an automatic thing in the back
Speaker 4: end that goes, oh, you tick the box that says
Speaker 4: I'm on parental leave immediate decline, that's when you would
Speaker 4: go Okay, that seems like it's probably leaning into something
Speaker 4: a little bit more discriminatory. I found it interesting that
Speaker 4: this article put these two people side by side, because
Speaker 4: to me, those are two very different sets of circumstances
Speaker 4: to be finding yourselves in.
Speaker 3: Yeah, I just it gives me a bit of the
Speaker 3: ick the same way I think it's giving you the ick, Jess.
Speaker 3: But I also do think that, yes, we need to
Speaker 3: have bigger conversations about discrimination. Women and men on parental
Speaker 3: leave are not treated as equally as they should be.
Speaker 3: We are still not afforded exactly the same opportunities as
Speaker 3: somebody who doesn't have children to look after. But also
Speaker 3: I think we need to really understand that when a bank,
Speaker 3: or when any kind of financial institution is offering any
Speaker 3: type of line of credit, they are doing their due diligence.
Speaker 3: And if they think that you're on parental leave and
Speaker 3: therefore maybe have a reduced income, like what if you
Speaker 3: work for a small business, like she's on the money
Speaker 3: that does not have the budget to be paying somebody
Speaker 3: twelve months at full pay, Like what if that's the
Speaker 3: company you work for, so instead of earning your one
Speaker 3: hundred and thirty thousand dollars or whatever you're earning, you
Speaker 3: go back down to minimum wage for the period of
Speaker 3: time that you're on parental leave. Yeah, what if that
Speaker 3: doesn't meet the criteria for you being able to happily
Speaker 3: pay back your bills and your mortgage or your rent
Speaker 3: and they've actually just ascertained the Okay, cool, while you're
Speaker 3: on parental leave and you're actually own the earning minimum wage,
Speaker 3: it's not financially viable to actually extendal another line of
Speaker 3: credit to you.
Speaker 2: It's not the right thing to do. Yeah.
Speaker 3: I don't know if that actually has anything to do
Speaker 3: with gender. I actually think that has a lot to
Speaker 3: do with our societal standards and how much we get
Speaker 3: paid on maternity and paternity leave.
Speaker 4: You'd want a bank to be lending responsibly the end
Speaker 4: of the day, Like you don't want them to be
Speaker 4: putting someone in a worse position.
Speaker 3: Yeah, but I also don't want women to feel behind.
Speaker 3: And I think that all of that makes sense. But
Speaker 3: I would be interested to know the semantics of all
Speaker 3: of those applications, And to be honest, I really think
Speaker 3: that this is an opportunity for banks to come out
Speaker 3: and be like, hey, they've spoken publicly about it. Here's
Speaker 3: exactly how we would treat that application and why, Like
Speaker 3: this is such an opportunity for them to go, no,
Speaker 3: we were being responsible and I haven't seen that yet,
Speaker 3: but them saying no, we were being responsible for the
Speaker 3: following reasons, Like communication can go two ways, and I
Speaker 3: think that the bank going hey, this is why, and
Speaker 3: you might go okay, that makes sense.
Speaker 2: Yeah, transparency is always good.
Speaker 3: Exactly or I get really heated about this conversation, but
Speaker 3: I'm glad that my tone of voice and my anger
Speaker 3: has ketched a lad on it. So let's move on.
Speaker 3: We have a very exciting listener question this week?
Speaker 2: What is it? Ana? Lisa? Hi?
Speaker 3: There, have you got a money dilemma you just can't solve?
Speaker 3: The She's on the Money team is here to help.
Speaker 3: Every week, we tackle your dilemmas, both big and small,
Speaker 3: to answer your most burning money, career and life questions.
Speaker 3: To get involved, simply head to our website and leave
Speaker 3: us a short voice recording and you might just find
Speaker 3: yourself on the show. Now, let's take a listen to
Speaker 3: this week's money dilemma.
Speaker 5: Hi, Brinds, Trust, I just need some advice. I absolutely
Speaker 5: love my job, but I don't like the PIY What
Speaker 5: should I do?
Speaker 3: Oh my gosh, we'll get to that question. But if
Speaker 3: you could read my bedtime stories every single night like that,
Speaker 3: her voice was beautiful.
Speaker 2: Yeah, what important men.
Speaker 3: And Analisa you were saying that she labeled.
Speaker 2: She called herself lost soul, which I.
Speaker 3: Was just like me, I'm going to pick you up
Speaker 3: and hug you.
Speaker 2: It's the end of the year, aren't we all sort
Speaker 2: of like I mean, I always get into this trap
Speaker 2: of thinking that from the first of January all of
Speaker 2: my intentions will be said. I'll just have this new
Speaker 2: energy in this new focus. It's just another day. So
Speaker 2: I thought that this was really good because it's, like,
Speaker 2: you know, it's a little reminder lots of people are
Speaker 2: taking stock at this time of year. So perfect. Thank
Speaker 2: you for getting in touch, lot soul.
Speaker 3: Oh an angel, what a hard question though, Like I
Speaker 3: am so glad you have a job that you love.
Speaker 3: I wish we had a little bit more context around
Speaker 3: what your pay was, whether you just don't like it
Speaker 3: because it's not enough to create the life you live,
Speaker 3: but you are appropriately paid for the role that you do,
Speaker 3: or the company you work for is absolutely taking the
Speaker 3: Mickey and you're meant to be paid eighty grand, but
Speaker 3: you're actually on thirty grand, and it's been an ongoing issue.
Speaker 3: So I think that there's a lot to take into
Speaker 3: consideration here. But when you're in a circumstance where you
Speaker 3: adore your job but the pay just is cutting the mustard,
Speaker 3: I feel like it can be a tricky position that
Speaker 3: you end up staying in for a really long time
Speaker 3: because you consistently justify it to yourself. And while the
Speaker 3: grass can be greener on the other side, if you left,
Speaker 3: I'm sure you could find another job very similar that
Speaker 3: might remunerate you in a way that you are more comfortable.
Speaker 3: I just feel like sometimes you get so emotionally connected
Speaker 3: with the team you've got or the community you've got,
Speaker 3: all the clients that you work with, that you're like,
Speaker 3: I could never move on, And therefore we don't want
Speaker 3: to rock the boat too much and advocate for ourselves
Speaker 3: because oh what if they think that I don't love
Speaker 3: my job because I'm trying to advocate for myself. So
Speaker 3: it can be a little bit of a rock and
Speaker 3: a hard place. But at this time of year, I
Speaker 3: would be taking stock and going, well, I love my job,
Speaker 3: But do I love my life outside of my job,
Speaker 3: because your job isn't your life. And if the answer
Speaker 3: is no, then I think we need to make some
Speaker 3: shifts and either ask for a pay rise and Jess,
Speaker 3: we've done episodes on asking for a pay rise if
Speaker 3: that's the circumstance, or maybe doing a bit of market
Speaker 3: research to see where other roles are so that you
Speaker 3: can negotiate better. I just think there's heaps of tips
Speaker 3: and tricks that we've shared on the podcast before. But
Speaker 3: an Alisa, what would happen if you loved your job
Speaker 3: that you hated the pay.
Speaker 2: Quick little backstory. I've come from a lot of like
Speaker 2: arts music independent organizations where that has been my exact situation,
Speaker 2: and I've either slogged it out and loved it, loved it,
Speaker 2: loved it, loved it, and then sort of slogged it
Speaker 2: out till I've burnt out, and then I've not loved
Speaker 2: it because really, at the end of the day, you
Speaker 2: do deserve to get paid properly. Or I've had a
Speaker 2: lot of kind of small freelance jobs where the kind
Speaker 2: of the general current of work, like each job hasn't
Speaker 2: paid that well, but like all together I've gotten enough,
Speaker 2: or I've worked well paying jobs and then gotten myself
Speaker 2: a little bit of time outside so I can volunteer
Speaker 2: or do stuff that does fill my cup. So I
Speaker 2: think I've tried a whole bunch of stuff, and you know,
Speaker 2: I think it's good to sort of think about those
Speaker 2: different opportunities and obviously without knowing loss souls specific circumstance,
Speaker 2: as you said, it's hard to but that's been my experience.
Speaker 2: You know, there's lots of different ways that you can
Speaker 2: rejig things even if your employer isn't in a position
Speaker 2: to pay you more. But ultimately your happiness, it's the
Speaker 2: whole pie, right, You're only one pie, does that make sense?
Speaker 2: One pile? You can be happy at work and if
Speaker 2: you're not getting paid, I feel like that's going to
Speaker 2: start to it starts eating away to everything else.
Speaker 3: Eat away at the pie, yeah, but it also eats
Speaker 3: away so many other things, Like it eats away your
Speaker 3: confidence and you know, your ability to create the life
Speaker 3: you want outside of work. And I just think that, Yeah,
Speaker 3: sometimes we adore our jobs and put all of our
Speaker 3: eggs in one basket, but like at the end of
Speaker 3: the day, I guarantee people aren't going to look back
Speaker 3: and go, oh my gosh, x y Z was perfect
Speaker 3: at her job. They're not going to remember that. They're
Speaker 3: going to remember everything else about you. And I just
Speaker 3: think that, yeah, we need to be only one pie
Speaker 3: and preserve our pie. What type of pie are you?
Speaker 4: You only pumpkin pie?
Speaker 2: I'm not a pumpkin part.
Speaker 3: You're wearing orange.
Speaker 4: I know what you are. You're a cherry part.
Speaker 2: Am I a cherry You're very I was going to
Speaker 2: say I'm a meat pie, but just like I'll be
Speaker 2: a sweet cherry pie.
Speaker 4: How you jek I fully agree with what Victoria said
Speaker 4: about how.
Speaker 2: She's a sweet cherry part.
Speaker 4: Absolutely, but also, your job is only one element of you.
Speaker 4: And I think there's a lot of conversation around how
Speaker 4: you know, employees are replaceable, and you know, a lot
Speaker 4: of businesses really take that view, but not often do
Speaker 4: we say so jobs. Much as you love your job,
Speaker 4: if you're not being valued, or if you're not being fulfilled,
Speaker 4: or if you're not being paid the way that you
Speaker 4: should be, I can almost guarantee you that if you're
Speaker 4: a good worker, there's someone else out there who is
Speaker 4: going to pay you the way that you deserve to be,
Speaker 4: and right now it is a job seekers market like
Speaker 4: it is as someone who used to work in recruitment
Speaker 4: and has a lot of friends who still do, it
Speaker 4: is a tough time out there to find good employees.
Speaker 4: And so I would argue that if you walked away,
Speaker 4: there would be a good chance that you could negotiate
Speaker 4: yourself a better opportunity more pay whatever you want, hopefully
Speaker 4: in a space that is still really fulfilling and that
Speaker 4: you still are able to really enjoy, Because I do
Speaker 4: think as much as people say money doesn't play happiness,
Speaker 4: it is an important element to your happiness, and I
Speaker 4: fully believe that, Like I think, if you're not being remunerated, well,
Speaker 4: it becomes hard to pay your rent, it becomes hard
Speaker 4: to buy your groceries with inflation, and that in itself
Speaker 4: is stressful and then that's going to bleed into how
Speaker 4: you feel the rest of the time. And so I
Speaker 4: think that if that's a really big sticking point for you,
Speaker 4: and I think if it's bad enough that you're writing
Speaker 4: into us to get advice, my advice would be listen
Speaker 4: to those episodes, try and negotiate a pay rise if
Speaker 4: you can see if there's an opportunity to upskill or
Speaker 4: get a promotion or do something so that you can
Speaker 4: stay in your job. But if push comes to shove,
Speaker 4: don't be afraid to go somewhere else.
Speaker 2: Yeah, this should be a temporary state for you, absolutely,
Speaker 2: not a place for you to do. We don't live forever.
Speaker 3: We're just living here for a little bit, for a
Speaker 3: little holiday that we didn't enjoy it all.
Speaker 1: Ye.
Speaker 3: I also think you're like, while we're talking about that,
Speaker 3: just because you go looking for a new job doesn't
Speaker 3: mean you have to take it. Like, I think that
Speaker 3: doing a bit of market research and going on seek
Speaker 3: and going and finding, you know, different job descriptions and
Speaker 3: even having a chat to a recruiter about well what
Speaker 3: could I earn?
Speaker 2: What would I do?
Speaker 3: Like, that's actually a really powerful position to be in,
Speaker 3: to be shopping around for a new job when you
Speaker 3: don't actually want like a new one. When you're doing that,
Speaker 3: you're in this I guess position where you're negotiating exactly
Speaker 3: what you want and where you want to be and
Speaker 3: what that might look like so that you can create
Speaker 3: that role you like. And if you go no, actually
Speaker 3: for that pay, I don't like, I'll work it out.
Speaker 3: I love my job too much to leave because that
Speaker 3: might happen. Great, you've got further clarity, you know where
Speaker 3: you stand, or you might go and be like far out.
Speaker 3: That's exactly what I was looking for. I've met a
Speaker 3: few people in the team. I think they're elite. Really
Speaker 3: want to work with them. The remuneration is great, Like,
Speaker 3: I just don't think there's any shame in shopping around
Speaker 3: if you feel that way, and like, that's kind of
Speaker 3: on your employer for not meeting your needs.
Speaker 2: So true.
Speaker 3: Oh my goodness, I think that's where we've got to
Speaker 3: leave it.
Speaker 2: One little sneaky surprise to you. Before the end of
Speaker 2: the year, you thought that this show was over. Usually
Speaker 2: you just closed the show. I just closed the show.
Speaker 2: We had done. Guess what though, I'm the producer, so
Speaker 2: I'm here. Oh, we've been working away on a little
Speaker 2: something something well myself the fabulous shout out to Sam
Speaker 2: Jesse you've been involved in this.
Speaker 4: I have no idea.
Speaker 2: This is a complete surprise, but I want to shout
Speaker 2: out Sam and Ryan to our amazing other audio producer guys.
Speaker 2: I believe they're called We just thought. I don't know.
Speaker 2: There's so many great moments that happen off Mike, and
Speaker 2: I just thought that we'd surprise you guys with a
Speaker 2: little bit of a taste of behind the scenes.
Speaker 3: She's on the money on Is this like off Mike
Speaker 3: comments I didn't.
Speaker 2: Quite make to cut. Oh, I think you're going to
Speaker 2: enjoy those. Oh no, everyone out there is going to
Speaker 2: really enjoy it.
Speaker 3: So maybe we're not. This is in the spirit of
Speaker 3: New Year, k you me right. So whoever whoever said
Speaker 3: these comments.
Speaker 4: Was like in twenty for improvement, just rip the bandaid off.
Speaker 2: Oh, let's do it. When it's time to record, she's
Speaker 2: on the money. The whole team rocks up, gets in
Speaker 2: the studio and has all their scripts ready. However, sometimes
Speaker 2: it can take a while to start and they don't
Speaker 2: seem to realize the mics are on.
Speaker 4: I don't think I'm on testing one too. I can't
Speaker 4: hear myself.
Speaker 2: Is it up? Great question?
Speaker 4: Can I hit you?
Speaker 2: Oh?
Speaker 3: You're welcome. I'm a fucking check genius, guys.
Speaker 4: I got a nude yodur in.
Speaker 1: It smells so good, but I don't think it works.
Speaker 2: Apologies.
Speaker 5: Did you say?
Speaker 3: What's that porn website? It's like the biggest one pornhub porn.
Speaker 4: Hup, why do you guys know that's okay?
Speaker 2: So porn?
Speaker 3: Hello and welcome.
Speaker 4: I thought that was really can you just she's lost
Speaker 4: her touch?
Speaker 2: But we do eventually get started. Unfortunately, the human body
Speaker 2: sometimes has a mind of its own, and it's no
Speaker 2: exception for our team. But I think the one thing
Speaker 2: I am going.
Speaker 3: To burb too, no more pax ladies deeply enough to
Speaker 3: be able to say, oh my gosh, you can write
Speaker 3: I did it really quietly. This feels like it's going
Speaker 3: to be a wild one. So let's start off the
Speaker 3: way we always do. Can you tell us a little
Speaker 3: bit about That's cute?
Speaker 2: Although it's not always the humans and the team letting
Speaker 2: out a bit of gas. Victoria's dog Lucy is the
Speaker 2: silent member of the team in studio, silent and sometimes deadly.
Speaker 3: Whether that's an email that you sent to just did
Speaker 3: my dog just fast? So she just started?
Speaker 2: I could sorry, I read it on Jess's face. Once
Speaker 2: that's out of the way, though, the girls get into recording,
Speaker 2: but it can be a struggle to get the words out.
Speaker 2: They will be chiming in intermittently intermittently.
Speaker 3: We are intermittently I want to ask the first question,
Speaker 3: which is why I can I have a voice sto see,
Speaker 3: I can't even record a podcasts.
Speaker 2: And of course Victoria is always prepared, especially for her
Speaker 2: Friday Drinks intro.
Speaker 3: And we're going to help answer a very juicy money question.
Speaker 3: What's this week's question again all about Finder? Oh yeah yeah.
Speaker 3: And we're going to help answer another one of our
Speaker 3: juicy money questions, which this week.
Speaker 2: Is all about celebrating this Smaines.
Speaker 3: And we are going to be helping to answer a juicy,
Speaker 3: juicy money question which this week is all about hold on,
Speaker 3: was it help?
Speaker 2: This one is all about.
Speaker 3: Are being paid for only?
Speaker 4: Yep.
Speaker 2: Otherwise the team is incredibly professional, except for when they're not.
Speaker 3: I like the sound of the peg situation, I you
Speaker 3: do you like a good PEG? I did not realize
Speaker 3: what I just said.
Speaker 4: But if you're in somewhere like India or Bali and
Speaker 4: so many people are like, oh, I'll ship my pants
Speaker 4: if I probably.
Speaker 3: Don't, George, what is it?
Speaker 4: Time for it's money dilemma time.
Speaker 3: That introduction felt very much like which window are we
Speaker 3: gonna do?
Speaker 4: Any other tips? There?
Speaker 2: VD?
Speaker 3: Have you got any tips you travel your stinge.
Speaker 2: We can't wait for more chaos and fun with She's
Speaker 2: on the Money in twenty twenty three. See you next year, Oh,
Speaker 2: Georgia King. She did love to talk about ship stories. Apparently,
Speaker 2: I swear like a trooper. I can tell you that
Speaker 2: you absolutely do. Thank you for that was a lot
Speaker 2: of fun, Jess.
Speaker 3: I feel like you did not get thrown under the
Speaker 3: bus nearly as much as you should have been, because
Speaker 3: I'm a delight.
Speaker 2: Yeah.
Speaker 3: I am going to be taking that up with Sam
Speaker 3: and Ryan later and where that is, and then I'm
Speaker 3: going to make her show reel of stuff.
Speaker 2: Jess said, Well, so many good moments, so much fun
Speaker 2: this year, ladies, and we will now we are actually done.
Speaker 2: I think I think I can say that we're done
Speaker 2: that all right, We're done. See you next year, guys.
Speaker 3: Happy, Yeah, did buy shared on cheese. On the Money
Speaker 3: is general in nature and does not consider your individual circumstances.
Speaker 3: She's on the Money exists purely for educational purposes and
Speaker 3: should not be relied upon to make an investment or
Speaker 3: financial decision. If you do choose to buy a financial product,
Speaker 3: read the PDS TMD and obtain appropriate financial advice tailored
Speaker 3: towards your needs. Victoria divine and She's on the money
Speaker 3: are authorized representatives of money. Sheper Pty Ltd ABN three
Speaker 3: two one six four nine two seven seven zero eight
Speaker 3: AFSL four five one two eight nine