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Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations

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Speaker 1: woman and I'm here to acknowledge country. Te Glenn Young, Ganya, Niana,

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Speaker 1: Kaka yah y and Binahwaka niaan Our gay In, Nimbini,

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Speaker 1: yakarum Jar, Dominyamika Umaga, Ihowaka Nile, Waman damon Immalan Bumba,

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Speaker 1: bang gadaboma In and now in Waka Ghana on yak

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Speaker 1: rum Jar water Nadaa. Hello, beautiful friends. We gather on

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Speaker 1: the lands of the Aboriginal people. We thank acknowledge and

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Speaker 1: respect the Abiginal people's land that we're gathering on today.

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Speaker 1: Take pleasure in all the land and respect all that

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Speaker 1: you see. She's on the Money podcast acknowledges culture, country,

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Speaker 1: community and connections, bringing you the tools, knowledge and resources

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Speaker 1: for you to thrive.

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Speaker 2: She's on the Money. She's on the Money. Hello and

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Speaker 2: welcome to She's on the Money, the podcast that makes

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Speaker 2: personal finance fun, especially on Fridays. It is our favorite

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Speaker 2: day of the week because we get our together to

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Speaker 2: celebrate you ow incredible. She's on the Money Community. Miss

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Speaker 2: Jessicach is here and she is going to be sharing

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Speaker 2: some of her favorite money wins from the community. Miss

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Speaker 2: Besyed has three killer Broke tips lined up, and we're

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Speaker 2: going to be helping to answer a very relatable money

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Speaker 2: dilemma that's all about hex stress. And then something that

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Speaker 2: you slid into our DMS about this week. What do

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Speaker 2: you do when a colleague is always asking you to

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Speaker 2: shout from lunch but never pays you back? Rude? Also,

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Speaker 2: how do you manage that? Because that's like maybe a

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Speaker 2: good money win for them? Well, this is true. Maybe

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Speaker 2: we could like re engineer this and be like, how

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Speaker 2: to always get your coworkers to pay for lunch?

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Speaker 3: Could go either way?

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Speaker 2: Really away any away? Before we get there, my friends,

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Speaker 2: would you like to have your ego stroked for a

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Speaker 2: hot minute?

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Speaker 3: Yes?

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Speaker 2: Please? Absolutely? Well, it also strokes my ego. I've picked

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Speaker 2: a five star review and I feature in it.

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Speaker 4: Oh wow, So.

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Speaker 2: This one is from Rookie T twenty one and they

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Speaker 2: say five stars. Gonna say it, Victoria divine is truly divine.

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Speaker 2: This podcast has been such a helpful tool in reaching

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Speaker 2: a member of your community who has very limited access

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Speaker 2: to financial knowledge given my field of work. Thanks so

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Speaker 2: much for sharing your knowledge, tips and insights. The skill

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Speaker 2: of turning a dull and dry topic that is financial literacy,

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Speaker 2: into a learning opportunity is much to be applauded. Have

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Speaker 2: been enjoying the banter from all the co hosts as well.

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Speaker 2: Keep up the great work, guys. Wow, that's so cute.

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Speaker 2: I saw my name at the top and I was like, Oh,

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Speaker 2: they're not complaining about how my voice sounds. Let's put

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Speaker 2: that on the show.

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Speaker 3: Divine is divine?

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Speaker 4: Absolutely agree more?

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Speaker 3: All right?

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Speaker 2: So diving into I would say my favorite part of

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Speaker 2: this episode. We love the juicy finance gossip, but I

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Speaker 2: also love this part of the episode where our community

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Speaker 2: gets to ask one question that they are dying to

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Speaker 2: know of us. It can literally be about anything, and

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Speaker 2: this week's one from Aleisha wants to know guys, what

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Speaker 2: is your death wrote meal?

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Speaker 4: Oh I love this question.

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Speaker 5: My goodness, chocolate Scotch fingers with tea.

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Speaker 2: But as a the whole package, I can give you

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Speaker 2: a death throw meal every day.

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Speaker 5: There but the savory element. God, I never really think

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Speaker 5: about the savory element.

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Speaker 2: You don't have to have savory element. You're on death row, like,

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Speaker 2: no one is gonna make you have.

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Speaker 5: But I honestly I think like I just want macas,

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Speaker 5: and I know that's really like boo, but the save

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Speaker 5: element I want to get over and done with. I'm

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Speaker 5: just having macas and then chocolate Scotch fingers with a

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Speaker 5: perfectly made tea.

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Speaker 2: What constitutes are perfectly made tea? Just to be clear, struggling, Yeah,

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Speaker 2: good girl.

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Speaker 5: I do want It depends if I'm having If I'm

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Speaker 5: having vige my toast and I want sugar in my tea.

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Speaker 5: If I'm having Scotch fingers, I do wantny sugar in

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Speaker 5: my tea. I want strong and milky with just oat milk,

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Speaker 5: no cow's milk, no offence to anyone.

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Speaker 2: That's fair, that's fair. Do you want to hear something heinous?

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Speaker 4: Please?

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Speaker 2: So My mum's idea of a good cup of tea

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Speaker 2: is when I make my strong cup of tea and

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Speaker 2: then take the tea bag that I use about that

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Speaker 2: and just dunk it once or twice into her water

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Speaker 2: and that's it. That's the whole tea. Plain water, no no, no,

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Speaker 2: like the boiling water, but like dunk a used tea

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Speaker 2: bag in so it is so weak it is dish

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Speaker 2: water and no milk, no sugar, nothing. That's her favorite tea.

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Speaker 2: That's water. That's that is not okay, Miss Jessicucci.

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Speaker 3: I have a really hard time with this. I don't

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Speaker 3: have like the ultimate favorite meal. I think if I'm

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Speaker 3: going out, I want one at everything.

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Speaker 6: I want the.

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Speaker 3: Kingfish sashimi from Chin Chin, and i want.

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Speaker 2: Get off.

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Speaker 3: The little Cheeto things from Stupid Like i want, yeah.

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Speaker 2: The Cheetos from super Normal.

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Speaker 3: Yeah, i want my favorite dish from everywhere fast food

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Speaker 3: and fancy and like a really really big glass.

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Speaker 2: Of Pepsi max. Yeah yeah sure.

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Speaker 3: Like I'm like we're mixing cuisines, We're doing sometings favorite,

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Speaker 3: like one of everything, please, you know, So I get.

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Speaker 2: That I forgot about the Cheetos at super Normal. They're

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Speaker 2: not called Cheetos, yes that's the proper name, but like

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Speaker 2: they kind of look like Cheetos. Yeah, so that's what

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Speaker 2: we've always called spice. My death throw meal would be

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Speaker 2: the Kingfish sashimi from Chin Chin, but I'm not sharing

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Speaker 2: with anyone, and I'm getting the share sized plate of it.

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Speaker 2: I would also have the Cheetos from Super Normal, and

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Speaker 2: then I'm finishing with a whole tray of the Magnolia

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Speaker 2: Bakery Banana pudding.

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Speaker 3: Oh you do love the banana.

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Speaker 2: Oh, Like, I go feral for that. Like I get

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Speaker 2: asked all the time, Oh, can you make your banana pudding?

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Speaker 2: It's not mine, it's the Magnolia Bakery one, but like

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Speaker 2: I make it, and I literally can't make it unless

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Speaker 2: I know I'm going to an event because if it

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Speaker 2: is in the fridge, I just have to walk past

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Speaker 2: with a spoon every seconds and I have no self control.

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Speaker 2: So I just know that would be a great death

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Speaker 2: throw meal. Yeah, Gottes, gotcha, guys. I think that's really fun.

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Speaker 2: Scotch fingers, chocky Scotch fiht to be chocolate.

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Speaker 7: I love that.

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Speaker 2: Al Right. If you guys have a question that you

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Speaker 2: want dying for us to answer, I leave it in

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Speaker 2: the comments and we will get to it. But what

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Speaker 2: we're jumping to now is Miss jessagreed. She's money. Wins

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Speaker 2: and confessions from the community.

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Speaker 3: Alrighty, this week, I'm starting off with one from Rachel,

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Speaker 3: who said, my puppy seemed intrigued by something in a

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Speaker 3: pile of leaves. I was about to give him a

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Speaker 3: firm leave it before I realized it was a twenty

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Speaker 3: dollar note.

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Speaker 2: Okay, little key trouble snuffler.

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Speaker 3: She said, I'll take him to pet Balm later to

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Speaker 3: pick out a treat, which I think is very cute.

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Speaker 4: That is good and it's very fair.

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Speaker 2: He's like, don't you take my twenty bucks? I found

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Speaker 2: that that's for doggo treat the things.

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Speaker 3: Next, I've got money win from Peru, who said she

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Speaker 3: did a superannuation health check and found eleven thousand dollars

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Speaker 3: in a fund that she'd forgotten about. She's had a

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Speaker 3: transferred over to her current super fund and it's a

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Speaker 3: nice little boost towards her retirement. Then I've got one

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Speaker 3: from Shannon, who said she recently discovered that she can

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Speaker 3: redeem her Flybys dollars for gift cards that she can

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Speaker 3: then use it a wide variety of beauty places in

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Speaker 3: her town. She's currently on maternity lease, so she cashed

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Speaker 3: in two hundred dollars worth of points and he's going

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Speaker 3: to book herself a massage.

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Speaker 2: Nice.

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Speaker 3: Don't sleep on the vouchers with points. I feel like

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Speaker 3: vouchers is such a clever little workaround option. Next, I've

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Speaker 3: got a money in from Grace, who said I just

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Speaker 3: used cash back from a holiday earlier in the year

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Speaker 3: to buy the Phillips air fryer. It was reduced from

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Speaker 3: two hundred ninety nine dollars down to one hundred and

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Speaker 3: nineteen on Amazon, and then she only had to pay

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Speaker 3: fourteen dollars out of pocket because she had some gift

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Speaker 3: cards and some cash back and some other things that

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Speaker 3: she all stuck together.

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Speaker 2: That is so good. You're gonna love that air fra.

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Speaker 3: I have a Phillips airfryer and it's the best thing

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Speaker 3: I've ever spent money on.

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Speaker 2: And if the girls on our team, you're going to

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Speaker 2: love this. Just interjecting another money win, used all of

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Speaker 2: her points and all of the gift cards that she'd

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Speaker 2: saved up, bought an air rap just under two hundred bucks.

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Speaker 1: So clever.

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Speaker 4: We love a little points moment.

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Speaker 3: Next, I've got a money win from Tory, who said

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Speaker 3: I've been putting it. That's a great name. Puttyrway extra

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Speaker 3: money we don't spend on takeouts. Some splurges into a

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Speaker 3: shares account, and I've just hit my first five hundred

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Speaker 3: dollars invested. Now inside, very clever way to do that.

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Speaker 3: Little you don't notice a little bit going away every week, absolutely,

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Speaker 3: And then lastly, this week I've got a money win

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Speaker 3: from Savvy, who said money win. I had a meeting

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Speaker 3: with a Zella mortgage broker and discovered we are in

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Speaker 3: the perfect position to use equity in our owner occupy

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Speaker 3: a home which has doubled in value since we purchased

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Speaker 3: it with a smaller mortgage to start out our property

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Speaker 3: investing journey.

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Speaker 2: I have heard that they're actually the best mortgage brokers

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Speaker 2: in the country.

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Speaker 3: I've heard that too.

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Speaker 2: So funny. Yeah, that's so crazy, Like I heard that

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Speaker 2: they were literally the best ever ever ever.

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Speaker 3: Yeah, and they're also all really pretty.

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Speaker 2: Oh so hot, so nice. And did you know the owner,

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Speaker 2: we're also very hot, very pretty, very nice, very very

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Speaker 2: fairly very funny. Yeah, funny, she's hilarious. Anyway, moving on,

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Speaker 2: miss Beck, have you got some broke tips for us? Yes?

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Speaker 8: I do so.

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Speaker 5: This first one comes from Bonnie, who says, we pay

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Speaker 5: for one family music streaming and one TV streaming. Our

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Speaker 5: teenager thinks she can't survive without at least one more

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Speaker 5: TV streaming service, and so Nana and Poppy.

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Speaker 4: I love these names, you know.

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Speaker 2: It's so cute, Like it's just cute. Everyone has her.

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Speaker 4: Name for the grandma, grandpa, I think it's so cute.

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Speaker 2: What do you call your grandparents?

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Speaker 4: I just call him grandma grandma.

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Speaker 3: What did you on my Italian side? It was like no, no, no, no,

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Speaker 3: grandma grandpa.

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Speaker 2: Yeah.

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Speaker 5: Okay, So Nana and Poppy buy her a twelvemonth Disney

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Speaker 5: Plus subscription for her birthday each year, keeps costs down,

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Speaker 5: lasts for a whole year, and we all get the benefit,

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Speaker 5: which I think is a great idea. So if you

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Speaker 5: have like friends who have teenage kids, you're kind of

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Speaker 5: helping everyone. Also, you know that thing where if you

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Speaker 5: have more money and you can buy a yearly subscription,

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Speaker 5: you get benefited because you had a discount. And I'm like,

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Speaker 5: well give the discount to people A can't ford a

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Speaker 5: year anyway? Who knows, But I think that's a great idea.

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Speaker 5: It's a great gift idea as well. The next one

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Speaker 5: comes from Chloe, who says I do a Survivor pantry

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Speaker 5: challenge every fortnight where I must cook up, slash use

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Speaker 5: up any food in the pantry or fridge. This started

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Speaker 5: just as a fun challenge to be more sustainable with

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Speaker 5: food waste, but now look forward to it and save

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Speaker 5: on groceries. As an added bonus survive.

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Speaker 4: That's so funny. Yeah, that's so funny. I think it's

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Speaker 4: so it's such a great idea. You know, you like pretend.

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Speaker 5: I know we've been talking about whimsical things before, but

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Speaker 5: I think if you even if you drink water and

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Speaker 5: you pretend you're in space jam and you've got that.

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Speaker 4: But I think like making something a game, it can make.

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Speaker 2: It have ADHD. Maybe your diagnosis would tell me yes,

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Speaker 2: true true, yeah, and though.

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Speaker 4: We do and it makes it like fun and yeah,

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Speaker 4: you can really save money doing that.

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Speaker 5: My broke tip this week. I live in a really

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Speaker 5: old share house. As you guys know, it's like it's gorgeous,

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Speaker 5: it's cozy, but it's.

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Speaker 2: Old and so but it's better than your last one,

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Speaker 2: which had a wall literally falling down out. Liked it exactly.

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Speaker 4: It's such a good memory.

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Speaker 1: It was.

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Speaker 2: You can't forget that. You're like you could see the

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Speaker 2: outside from the inside, not a window. I was.

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Speaker 4: Very dangerous.

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Speaker 5: The whole front of the house was not attached to anyway.

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Speaker 5: And I know this doesn't sound like a broke tip yet,

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Speaker 5: but what I did was I went to Bunnings and

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Speaker 5: I just bought like a really cheap but pretty shower

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Speaker 5: head with like a hose, and you know when you

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Speaker 5: see those in houses, you're like, this house is worth

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Speaker 5: a lot.

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Speaker 4: And so I went and I changed it. It was

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Speaker 4: like one hundred dollars. I changed myself. It was really quick,

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Speaker 4: really easy.

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Speaker 5: And also you can get ones that have like a

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Speaker 5: lower shower pressure so that which I know is not ideal,

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Speaker 5: but it is better for your water. Yeah, so you

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Speaker 5: can go ahead and change that. You can feel like

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Speaker 5: you're living in a brand.

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Speaker 4: New bathroom just by changing the shower head. You can

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Speaker 4: do it yourself.

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Speaker 2: It's so easy as well. Totally when you move out,

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Speaker 2: if you keep the old shower head just under the sink,

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Speaker 2: you can like swap it back and take it to

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Speaker 2: your next sharehouse.

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Speaker 4: It's not true.

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Speaker 2: Yeah, And there's heaps of really like I did this

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Speaker 2: when I was in sharehousing because wherever we lived, we

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Speaker 2: always had that teeny tiny shower hair Yeah, that had

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Speaker 2: terrible water pressure. It was like dribbling onto my hair.

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Speaker 2: Absolutely not, we can't have that. We know how much

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Speaker 2: I care about my hair, and I would swap it

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Speaker 2: to one of the like low water use high pressure ones. Yes, incredible,

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Speaker 2: saving money on water, but also I get a bit

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Speaker 2: of showering exactly, sat crazy genius. Thank you so much.

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Speaker 2: That's me for this week. I love that. All right, Well,

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Speaker 2: let's go to a really quick break and on the

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Speaker 2: flip side, we're going to be answering. I would say

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Speaker 2: a very relatable money dilemma that's all about hex stress

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Speaker 2: and then something spicy that you slid into our DMS

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Speaker 2: about what do you do when a colleague is always

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Speaker 2: asking you, how, bab can you get me lunch? But

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Speaker 2: then they never pay you back? Rude, don't go anywhere.

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Speaker 3: Welcome back, everybody. Let's take a listen to this week's

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Speaker 3: money dilemma.

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Speaker 8: Hi, there, have you got a money dilemma you just

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Speaker 8: can't solve? The She's on the Money team is here

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Speaker 8: to help. Every week we tackle your dilemmas, both big

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Speaker 8: and small, to answer your most burning money, career and

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Speaker 8: life questions. To get involved, simply head to our website

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Speaker 8: and leave us a short voice recording and you might

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Speaker 8: just find yourself on the show.

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Speaker 2: Now, let's take a listen to this week's money dilemma.

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Speaker 6: Hi, She's on the Money. I feel like my money

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Speaker 6: dilemma is one that is shared with a lot of

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Speaker 6: people in the ses on the money community, and that

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Speaker 6: is the really heavy regret that I have about my

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Speaker 6: hex slash help debt that I've accrued. I thought I

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Speaker 6: was investing in my future and further education by obtaining

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Speaker 6: a bachelor's degree in an industry that I was really

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Speaker 6: passionate about, but unfortunately I haven't been able to obtain

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Speaker 6: work in that industry since graduating.

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Speaker 2: Further to that, I pursued a degree.

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Speaker 6: Through a private university, so have come out with a

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Speaker 6: really large hex stet, which at the time I didn't

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Speaker 6: understand the difference. I didn't have any financial advice from

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Speaker 6: anyone saying that university wasn't the be all, end all

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Speaker 6: and that there are other avenues to pursue when furthering

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Speaker 6: your education. So I left my degree with about a

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Speaker 6: eighty k hex stet, which makes me sick to even

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Speaker 6: think about or talk about. I look on my MyGov

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Speaker 6: account and see the indexation every year, and it just

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Speaker 6: feels like I go back to square one, even with

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Speaker 6: this twenty percent reduction recently we've obtained from the government.

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Speaker 6: So I guess my question is should I be tipping

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Speaker 6: away at that debt? It makes me sick and anxious

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Speaker 6: every time I look at it. If I could hand

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Speaker 6: back my degree tomorrow to get a refund, I wouldn't

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Speaker 6: a heartbeat. Any advice is really appreciated because I feel

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Speaker 6: like I'll be paying this off forever.

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Speaker 2: Can I just jump in first things first? And I

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Speaker 2: know that, like from a financial standpoint, you're like, this

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Speaker 2: was not worth it at all, and you might not

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Speaker 2: be working in your field at all. Like I'm not

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Speaker 2: so like I have too many degrees because I'm basically

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Speaker 2: a nerd, and I totally get the hex stress thing.

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Speaker 2: But I started my career in psychology. I have two

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Speaker 2: psychology degrees that I could probably say we're useless to

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Speaker 2: do because I'm now in finance and I've found my

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Speaker 2: way into finance. But I genuinely believe that you learn

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Speaker 2: so much just through you know, the structuring of courses,

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Speaker 2: like being able to complete essays in a particular way,

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Speaker 2: being ab to interact, manage your time, manage your projects

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Speaker 2: like throughout university that I would argue it hasn't been

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Speaker 2: a waste. I don't know what your degrees were. You

337
00:15:08,640 --> 00:15:10,320
Speaker 2: might have trained as a nurse and now you're working

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Speaker 2: in an admin role or something, and these things aren't

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Speaker 2: obviously compatible, but I think it's maybe worth checking your

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Speaker 2: mindset a little bit about like what you did learn

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Speaker 2: and how you could apply those things or how you

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Speaker 2: are applying those things in every day. Not because I'm

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Speaker 2: trying to justify the expense, but also because I'm trying

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Speaker 2: to justify the expense because it's like, I reckon, you

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00:15:31,560 --> 00:15:34,120
Speaker 2: grew during that time as well and learned and like

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Speaker 2: learn how to deal with pressure in a different way,

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Speaker 2: because like UNI can be really stressful. Jess, you didn't

348
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Speaker 2: go to UNI. No, you said, no, I don't need that,

349
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Speaker 2: Like that's not my journey. Talk to me about your

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Speaker 2: thoughts on this question.

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Speaker 3: I understand, And I want to say, for any of

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Speaker 3: our younger listeners, I guess this is a really good example.

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Speaker 4: I think most not most.

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Speaker 2: People, is a really good example. She's right, you should

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Speaker 2: try to ENA's footsteps always, not me specifically, but I think,

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Speaker 2: like a specifically thank you.

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Speaker 3: A lot of people go to university because it's like

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Speaker 3: the conventional path. Almost all of my friends started degrees

359
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Speaker 3: and then change degrees or completed degree and then did

360
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Speaker 3: a secondary degree.

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Speaker 6: Yep.

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Speaker 3: Because I think to make the choice at eighteen, it's

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Speaker 3: a very large choice to make your frontal lobi's not

364
00:16:17,720 --> 00:16:22,320
Speaker 3: developed front fully developed. You haven't had any real world experience. Like,

365
00:16:22,560 --> 00:16:24,680
Speaker 3: it's a big decision, which does land you in a

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Speaker 3: lot of debt. And I guess I want to say,

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Speaker 3: give yourself a little bit of grace because you made

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Speaker 3: this choice. There was probably a lot of pressure. I

369
00:16:31,640 --> 00:16:33,680
Speaker 3: felt a lot of pressure to go to university, like

370
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Speaker 3: from external people, and so as much as you know,

371
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Speaker 3: I totally understand where you're coming from, and I'm grateful

372
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Speaker 3: that I followed the path that I did. I would

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Speaker 3: also say, in the same way that we sayed about finance,

374
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Speaker 3: like you did the best you could with what you had,

375
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Speaker 3: Like you made what you thought was the right choice

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Speaker 3: at the time, totally and hindsight's twenty twenty. Like we

377
00:16:52,800 --> 00:16:56,400
Speaker 3: can't regretting it doesn't benefit you at all. Now. With

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Speaker 3: that being said, I totally empathize and the fact that

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Speaker 3: it's causing you anxiety is really frustrating, and I'm sorry

380
00:17:01,640 --> 00:17:04,320
Speaker 3: that that is the case. We've spoken before about the

381
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Speaker 3: fact that hex deebt dies with you. It's not smar.

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00:17:07,920 --> 00:17:09,639
Speaker 2: Yeah, we love something to bring up, not that.

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00:17:09,640 --> 00:17:10,919
Speaker 3: I'm manifesting.

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Speaker 2: Anybody.

385
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Speaker 3: No, I think it's really nice to know that that

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Speaker 3: debt won't pass along to anybody. It's obviously your required

387
00:17:19,480 --> 00:17:22,600
Speaker 3: contributions are capped based on your income, so as much

388
00:17:22,640 --> 00:17:25,600
Speaker 3: as the number you're climbing the best big debt you

389
00:17:25,640 --> 00:17:28,159
Speaker 3: could have, it's not the worst case scenario to be in.

390
00:17:28,840 --> 00:17:32,199
Speaker 3: I personally probably would chip away it a little bit,

391
00:17:32,320 --> 00:17:34,080
Speaker 3: and that is just because I think, maybe similar to

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Speaker 3: our listener, I don't love having debt there, I guess,

393
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Speaker 3: especially if you're looking at taking on loans for different things,

394
00:17:40,600 --> 00:17:42,360
Speaker 3: whether it be a car loan or a moryage or whatever,

395
00:17:42,680 --> 00:17:46,360
Speaker 3: your HEX may potentially impact it. There's lots of factors,

396
00:17:46,480 --> 00:17:49,440
Speaker 3: so don't necessarily let that get you down either. Like

397
00:17:50,080 --> 00:17:51,639
Speaker 3: I think it's a common thought that, oh, if I

398
00:17:51,720 --> 00:17:53,399
Speaker 3: have this big hex stet, like I won't be able

399
00:17:53,400 --> 00:17:54,399
Speaker 3: to get a house, or I won't be able to

400
00:17:54,400 --> 00:17:56,399
Speaker 3: do whatever. There are lots of things that you or

401
00:17:56,440 --> 00:17:59,040
Speaker 3: mortgage brokers can help you do to like figure that out.

402
00:17:59,520 --> 00:18:02,440
Speaker 3: But if it's causing you anxiety, I think there can

403
00:18:02,640 --> 00:18:05,119
Speaker 3: be value in paying that back, even if on paper

404
00:18:05,440 --> 00:18:08,120
Speaker 3: that's not the financially best choice, Because I think.

405
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Speaker 2: Because if I did the paper, it would be the

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Speaker 2: best correct being honest, and that's not because I'm like, oh,

407
00:18:15,680 --> 00:18:17,720
Speaker 2: that's so silly, don't stress about I get the stress

408
00:18:17,840 --> 00:18:20,640
Speaker 2: and like money is more than you know, the most

409
00:18:20,760 --> 00:18:24,080
Speaker 2: logical on paper decision. It's why some people invest in

410
00:18:24,200 --> 00:18:27,040
Speaker 2: property because they feel so safe and secure with that,

411
00:18:27,359 --> 00:18:30,440
Speaker 2: when if we looked at a risk return chart, the

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00:18:30,560 --> 00:18:33,680
Speaker 2: best performing asset will be the share market. And so

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Speaker 2: that is not me saying, oh, well, the only option

414
00:18:37,320 --> 00:18:39,399
Speaker 2: you should be considering is this. It's the one that

415
00:18:39,480 --> 00:18:41,879
Speaker 2: makes you most comfortable, but you need to understand the

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00:18:41,960 --> 00:18:44,960
Speaker 2: risks and the benefits. And I find that education is

417
00:18:45,080 --> 00:18:46,960
Speaker 2: going to be the thing that helps you feel a

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00:18:47,000 --> 00:18:49,600
Speaker 2: little bit more comfortable with it, because unfortunately, we can't

419
00:18:49,640 --> 00:18:52,520
Speaker 2: just make your hex debt disappear overnight, like I can't

420
00:18:52,680 --> 00:18:54,680
Speaker 2: waive a magic wand and be like, you're right, you

421
00:18:54,760 --> 00:18:57,000
Speaker 2: should give your degree back and we will have no

422
00:18:57,119 --> 00:18:59,760
Speaker 2: debt money in. You've got this debt, what are you

423
00:18:59,760 --> 00:19:02,159
Speaker 2: going to do about it? Beck? Before I dive in

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00:19:02,280 --> 00:19:04,880
Speaker 2: and go a little bit deeper, how do you feel

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00:19:04,880 --> 00:19:06,280
Speaker 2: about the hex debt situation?

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Speaker 5: I do also have hextack, though I do not have

427
00:19:08,520 --> 00:19:10,960
Speaker 5: any qualifications because I started a bunch of things, so

428
00:19:11,040 --> 00:19:13,720
Speaker 5: I can understand. I think that I have probably money

429
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Speaker 5: and debt sits with me a little bit differently than

430
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Speaker 5: it does other people. Certainly it sounds like for this listener,

431
00:19:18,480 --> 00:19:20,560
Speaker 5: I can understand the anxiety, especially it feels like such

432
00:19:20,600 --> 00:19:23,720
Speaker 5: an exorbitant amount. And I know this is not helpful advice,

433
00:19:23,760 --> 00:19:25,159
Speaker 5: but I really do feel like we live in a

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00:19:25,240 --> 00:19:29,000
Speaker 5: world where we may one day see that. I hope

435
00:19:29,359 --> 00:19:31,560
Speaker 5: the hex debt be white, but I think we'll see

436
00:19:31,600 --> 00:19:35,280
Speaker 5: it in our lifetime manifest.

437
00:19:34,720 --> 00:19:38,040
Speaker 2: In the nicest possible way. The government is relying on

438
00:19:38,200 --> 00:19:41,040
Speaker 2: that income to continue to fund the educations.

439
00:19:41,560 --> 00:19:45,520
Speaker 5: Just increase love guy, just in case I wouldn't pay anymore,

440
00:19:45,560 --> 00:19:47,240
Speaker 5: because if it got to it and then it was wiped,

441
00:19:47,280 --> 00:19:48,960
Speaker 5: I'd be really happy, but I'd be like, oh my god,

442
00:19:49,040 --> 00:19:50,479
Speaker 5: I just spent so much money on this thing.

443
00:19:50,680 --> 00:19:52,840
Speaker 4: So and we are doing that in every paycheck. It

444
00:19:52,920 --> 00:19:54,000
Speaker 4: can be really, really small.

445
00:19:54,200 --> 00:19:56,080
Speaker 5: But I think the other thing, honestly, as you guys

446
00:19:56,119 --> 00:19:58,800
Speaker 5: are saying, like learning is never a waste, and you

447
00:19:59,040 --> 00:20:01,040
Speaker 5: might have met a bunch of people during your time,

448
00:20:01,440 --> 00:20:04,200
Speaker 5: you might be in a place where you're just one

449
00:20:04,480 --> 00:20:07,680
Speaker 5: step away from your dream life. Whatever that looks like.

450
00:20:07,960 --> 00:20:10,480
Speaker 5: I don't want to say dream job because job is

451
00:20:10,600 --> 00:20:11,160
Speaker 5: not life.

452
00:20:11,480 --> 00:20:13,440
Speaker 2: That's a good delineation, thank you.

453
00:20:14,200 --> 00:20:16,080
Speaker 5: So I would say maybe, yeah, maybe a one step

454
00:20:16,119 --> 00:20:18,440
Speaker 5: away from your dream life and whatever that looks like.

455
00:20:18,800 --> 00:20:22,680
Speaker 5: It does still feel like sickening all this money, but

456
00:20:22,840 --> 00:20:26,080
Speaker 5: it's not in vain. I would say, I know that's

457
00:20:26,119 --> 00:20:28,200
Speaker 5: not helpful, being like, hey, be grateful, but that's not

458
00:20:28,320 --> 00:20:30,200
Speaker 5: what I'm saying at all. I just think it's not

459
00:20:30,359 --> 00:20:33,400
Speaker 5: in vain. Just try and ignore those little bits coming

460
00:20:33,440 --> 00:20:36,040
Speaker 5: out of your paycheck, and then if it doesn't change,

461
00:20:36,119 --> 00:20:38,439
Speaker 5: if the hex stet doesn't get wiped, then is as

462
00:20:38,520 --> 00:20:39,359
Speaker 5: Jess said, it's going.

463
00:20:39,280 --> 00:20:42,119
Speaker 2: To die with you. Yeah. Fair. So I am a

464
00:20:42,200 --> 00:20:45,640
Speaker 2: little bit more liberal with hextet. So from my ex

465
00:20:45,760 --> 00:20:49,159
Speaker 2: financial advisor's point of view, it is the most okay

466
00:20:49,320 --> 00:20:52,919
Speaker 2: debt to sit on that doesn't necessarily create an asset

467
00:20:53,040 --> 00:20:56,440
Speaker 2: for you. Now, I do truly believe that you having

468
00:20:56,480 --> 00:20:59,560
Speaker 2: a university degree, it doesn't mean that you're immediately going

469
00:20:59,600 --> 00:21:01,359
Speaker 2: to walk in to a job and earn. More Like,

470
00:21:01,680 --> 00:21:03,520
Speaker 2: if we look at Jess didn't go to Uni, I

471
00:21:03,600 --> 00:21:07,000
Speaker 2: think that's epic inspiration because I just go. You're earning

472
00:21:07,080 --> 00:21:10,199
Speaker 2: more than most people would who did go to university,

473
00:21:10,320 --> 00:21:13,840
Speaker 2: and her career trajectory is looking incredible to go on

474
00:21:14,000 --> 00:21:16,280
Speaker 2: and on in that space, right, So you don't need

475
00:21:16,320 --> 00:21:19,120
Speaker 2: to go to university to make a lot of money.

476
00:21:19,640 --> 00:21:22,480
Speaker 2: But on the flip side, I don't want you to

477
00:21:22,520 --> 00:21:24,920
Speaker 2: be stressed about the money in your HEX. Now. I

478
00:21:25,040 --> 00:21:27,920
Speaker 2: can't give you specific advice on what to do and

479
00:21:28,000 --> 00:21:31,600
Speaker 2: whatnot because I'm actually licensed to give general financial advice

480
00:21:31,680 --> 00:21:33,520
Speaker 2: and that would be in breach of that and our

481
00:21:33,560 --> 00:21:35,920
Speaker 2: old mate at money Shape would be very mad at me,

482
00:21:36,280 --> 00:21:39,199
Speaker 2: and that's okay. Yeah. So what I am going to do, though,

483
00:21:39,320 --> 00:21:42,560
Speaker 2: is share how I feel about it, because I have

484
00:21:42,720 --> 00:21:46,879
Speaker 2: never prioritized my HEX. Now. I own a mortgage broking business,

485
00:21:46,960 --> 00:21:50,280
Speaker 2: as you guys know, Zella Money, and we see clients

486
00:21:50,359 --> 00:21:53,520
Speaker 2: every single day with hextet buying their first homes, buying

487
00:21:53,560 --> 00:21:57,000
Speaker 2: their next homes, and sometimes yes, you might have saved

488
00:21:57,000 --> 00:21:59,480
Speaker 2: a really nice deposit and you're ready to purchase a home.

489
00:21:59,560 --> 00:22:02,159
Speaker 2: And one of the things that the bank says is, hey, bet,

490
00:22:02,280 --> 00:22:04,280
Speaker 2: could you take like five or ten thousand dollars off

491
00:22:04,320 --> 00:22:07,679
Speaker 2: your hex because it actually increases your serviceability. We've got

492
00:22:07,760 --> 00:22:10,000
Speaker 2: that cash at that point to make that decision, or

493
00:22:10,040 --> 00:22:13,800
Speaker 2: we might be paying LMI. But at no point does

494
00:22:13,880 --> 00:22:17,040
Speaker 2: the government or any banking institution look at a client

495
00:22:17,119 --> 00:22:20,200
Speaker 2: and go, well, they have hex stet. That's a bad thing.

496
00:22:20,600 --> 00:22:23,920
Speaker 2: They're not worth lending money to. Like it just sits there.

497
00:22:24,080 --> 00:22:26,240
Speaker 2: And in fact, when you have a hex stet, and

498
00:22:26,359 --> 00:22:28,879
Speaker 2: when you have a university degree and you do all

499
00:22:28,920 --> 00:22:32,480
Speaker 2: of your applications to a mortgage broker, they go, that's

500
00:22:32,880 --> 00:22:36,359
Speaker 2: quote according to the government and banking institutions, not the

501
00:22:36,440 --> 00:22:40,080
Speaker 2: real world, that's a more reasonable person to lend money to. Right,

502
00:22:40,160 --> 00:22:42,600
Speaker 2: they must be smarter, they must have more earning potential,

503
00:22:42,920 --> 00:22:45,680
Speaker 2: like they sit on a higher scale of like being

504
00:22:45,760 --> 00:22:49,280
Speaker 2: a quote safe person to lend to. So you're actually

505
00:22:49,400 --> 00:22:51,479
Speaker 2: in a good position, even though if you go, oh

506
00:22:51,520 --> 00:22:56,120
Speaker 2: my goodness, like I'm paying this stuff back. Personally, I've

507
00:22:56,200 --> 00:22:58,920
Speaker 2: never paid more off my hex and I still won't

508
00:22:59,000 --> 00:23:01,960
Speaker 2: prioritize that at any point. I'm just letting it tick

509
00:23:01,960 --> 00:23:04,760
Speaker 2: away and I pay exactly what the government tells me

510
00:23:04,880 --> 00:23:07,560
Speaker 2: to pay each and every single year, which worked out

511
00:23:07,600 --> 00:23:10,359
Speaker 2: for me because I got that text message late last

512
00:23:10,440 --> 00:23:13,880
Speaker 2: year from the government being like, your twenty percent discount

513
00:23:13,960 --> 00:23:16,000
Speaker 2: has been applied, and I was like, yeah, see, if

514
00:23:16,000 --> 00:23:19,000
Speaker 2: I'd paid this off, I wouldn't have got that little discount.

515
00:23:19,720 --> 00:23:22,480
Speaker 2: But from my perspective, I think we need to reframe

516
00:23:22,560 --> 00:23:24,960
Speaker 2: it as well, because if you're stressed right now, thinking

517
00:23:25,040 --> 00:23:27,120
Speaker 2: my goodness, I'm never going to get into a home,

518
00:23:27,520 --> 00:23:30,160
Speaker 2: you know, this hextet is lauding over me. Go talk

519
00:23:30,160 --> 00:23:32,440
Speaker 2: to a mortgage broker. Go talk to a mortgage broker

520
00:23:32,440 --> 00:23:35,440
Speaker 2: about your options. You might have literally no deposit, but

521
00:23:35,640 --> 00:23:38,640
Speaker 2: that will take the weight off your shoulders because they'll go, okay, well,

522
00:23:38,760 --> 00:23:42,399
Speaker 2: in your specific situation, this is how you should be

523
00:23:42,520 --> 00:23:45,480
Speaker 2: saving for your first home or your first deposit, and

524
00:23:45,600 --> 00:23:48,680
Speaker 2: they might go, yeah, actually, let's over the next you know,

525
00:23:48,840 --> 00:23:51,639
Speaker 2: twelve months, smash another five grand off this because it

526
00:23:51,720 --> 00:23:54,240
Speaker 2: puts you in this other position. But most of the

527
00:23:54,320 --> 00:23:56,879
Speaker 2: time a mortgage broker is actually going to say, don't

528
00:23:57,000 --> 00:23:59,919
Speaker 2: pay any extra off your hex stet yet. Let's get

529
00:24:00,040 --> 00:24:01,920
Speaker 2: to the point where you have a deposit and then

530
00:24:02,040 --> 00:24:03,800
Speaker 2: we can look at the bigger picture as to how

531
00:24:03,840 --> 00:24:05,720
Speaker 2: we allocate that deposit to put you in the best

532
00:24:05,760 --> 00:24:09,119
Speaker 2: possible position. So that's my two cents. I could go

533
00:24:09,240 --> 00:24:10,960
Speaker 2: on and on about it all day, because I just

534
00:24:11,080 --> 00:24:15,160
Speaker 2: hate that it stresses people because I'm like, oh, guys, like, yes,

535
00:24:15,240 --> 00:24:17,960
Speaker 2: I know it gets indexed. I'm not an idiot, but

536
00:24:18,359 --> 00:24:20,959
Speaker 2: it's the only interest free loan that exists that if

537
00:24:21,000 --> 00:24:24,000
Speaker 2: you lose your job, you don't have to pay. That's

538
00:24:24,119 --> 00:24:27,280
Speaker 2: very true, Andrew. Honestly, if you still had your hex

539
00:24:27,320 --> 00:24:29,920
Speaker 2: stet at the age of sixty five, at the age

540
00:24:29,960 --> 00:24:32,080
Speaker 2: of eighty, they're not going to make you paid off

541
00:24:32,160 --> 00:24:35,640
Speaker 2: unless you earn enough. And if you get to that point,

542
00:24:35,720 --> 00:24:37,600
Speaker 2: and let's say you get to like the ripe old

543
00:24:37,640 --> 00:24:40,320
Speaker 2: age of one hundred and ten, amazing, and you pass

544
00:24:40,359 --> 00:24:42,440
Speaker 2: away and you still have thirty thousand dollars worth of

545
00:24:42,560 --> 00:24:46,160
Speaker 2: HEX just gets wiped. Like, as you said before, it's

546
00:24:46,280 --> 00:24:49,200
Speaker 2: not a debt that rolls into your estate. It's not

547
00:24:49,280 --> 00:24:51,800
Speaker 2: a debt that would impact your savings or your investments.

548
00:24:52,440 --> 00:24:54,800
Speaker 2: Just gets wiped. Yeah, And I kind of am like, well,

549
00:24:54,880 --> 00:24:57,280
Speaker 2: if that happened, I don't really want to use the

550
00:24:57,320 --> 00:24:58,520
Speaker 2: money that I could have invested.

551
00:24:59,240 --> 00:25:00,840
Speaker 4: But up to you, guys, Yes, it's a good point.

552
00:25:01,119 --> 00:25:02,840
Speaker 2: She get into the juicy to let Oh my gosh, yes,

553
00:25:02,840 --> 00:25:04,000
Speaker 2: I've got it on my phone and I have been

554
00:25:04,080 --> 00:25:05,840
Speaker 2: chomping at the bit to share it. So this week

555
00:25:05,920 --> 00:25:08,920
Speaker 2: I got a DM. It sounded like this girls help

556
00:25:09,200 --> 00:25:12,280
Speaker 2: work leaching question mark, what would you do? I've got

557
00:25:12,320 --> 00:25:15,200
Speaker 2: a younger coworker who really struggles with money. We sit

558
00:25:15,280 --> 00:25:17,840
Speaker 2: together for ten hours a day and she often comes

559
00:25:17,880 --> 00:25:20,679
Speaker 2: to work hungry. At first, I didn't mind shouting her

560
00:25:20,760 --> 00:25:23,360
Speaker 2: the occasional lunch or drink, especially because she was going

561
00:25:23,400 --> 00:25:27,160
Speaker 2: through a lot, But now it's becoming constant. She gets

562
00:25:27,200 --> 00:25:29,720
Speaker 2: sick because she hasn't eaten all day. Every time I

563
00:25:29,800 --> 00:25:32,080
Speaker 2: go out for food, she asks me to buy hers too,

564
00:25:32,480 --> 00:25:35,040
Speaker 2: and then never pays me back. The thing is we're

565
00:25:35,200 --> 00:25:38,680
Speaker 2: paid exactly the same, but I pay more in rent, debt,

566
00:25:38,760 --> 00:25:42,520
Speaker 2: and utilities, and I have two dependents at home. I

567
00:25:42,600 --> 00:25:45,120
Speaker 2: can't afford to be her safety net. I'm a big

568
00:25:45,200 --> 00:25:48,000
Speaker 2: softy and always help when someone's struggling, But at what

569
00:25:48,200 --> 00:25:50,800
Speaker 2: point is she just taking advantage of my good nature?

570
00:25:51,400 --> 00:25:52,200
Speaker 2: What would you do?

571
00:25:53,200 --> 00:25:53,440
Speaker 3: Beck?

572
00:25:53,560 --> 00:25:54,119
Speaker 2: What would you do?

573
00:25:54,920 --> 00:25:56,040
Speaker 4: It's a really tricky one.

574
00:25:56,240 --> 00:25:59,119
Speaker 5: I don't think this is what our listener was saying,

575
00:25:59,320 --> 00:26:00,879
Speaker 5: but I think if I get paid the same as

576
00:26:00,880 --> 00:26:03,320
Speaker 5: someone and I feel like I've got more expenses, and

577
00:26:03,560 --> 00:26:07,119
Speaker 5: it's probably true that you do on paper. I still

578
00:26:07,440 --> 00:26:10,680
Speaker 5: wouldn't be like, oh, they should have more money or

579
00:26:10,760 --> 00:26:13,000
Speaker 5: anything like that. And I don't ever judge what anyone

580
00:26:13,440 --> 00:26:15,359
Speaker 5: is doing. I never kind of question that, so I

581
00:26:15,359 --> 00:26:16,879
Speaker 5: don't think that's what they were doing. But I just

582
00:26:16,960 --> 00:26:19,200
Speaker 5: want to say that we don't know anyone's story, so

583
00:26:19,359 --> 00:26:22,440
Speaker 5: I would wipe that from my brain, the fact that

584
00:26:22,720 --> 00:26:26,600
Speaker 5: I don't understand why or how they've gotten themselves into

585
00:26:26,600 --> 00:26:29,440
Speaker 5: this position, because everyone's got their own journey. But I

586
00:26:29,560 --> 00:26:31,920
Speaker 5: think I would because it feels like ten hours a

587
00:26:31,960 --> 00:26:33,800
Speaker 5: day also is a long goddamn day.

588
00:26:33,880 --> 00:26:35,960
Speaker 2: Where do you work ten hours a day?

589
00:26:35,960 --> 00:26:37,600
Speaker 4: Why you're working ten hours a day?

590
00:26:37,640 --> 00:26:40,400
Speaker 2: And if you are working ten hours a day, low key,

591
00:26:40,560 --> 00:26:42,600
Speaker 2: you should be able to buy lunch. I'm not not

592
00:26:42,720 --> 00:26:44,360
Speaker 2: going to lie, like, if you're putting in that much

593
00:26:44,520 --> 00:26:47,760
Speaker 2: energy and time, like you should be paid enough to

594
00:26:47,840 --> 00:26:50,560
Speaker 2: be able to basically buy your lunch at work every day.

595
00:26:50,640 --> 00:26:52,760
Speaker 2: From my humble opinion, that's so true.

596
00:26:52,800 --> 00:26:54,359
Speaker 5: We should be And that's the question for like the

597
00:26:54,480 --> 00:26:56,920
Speaker 5: economy and the cost of living, and we're like, why

598
00:26:57,080 --> 00:26:57,960
Speaker 5: is it still so hard?

599
00:26:58,440 --> 00:27:00,840
Speaker 4: But again I say, like, we don't know any one's journey.

600
00:27:00,600 --> 00:27:04,680
Speaker 5: So I would probably assume that you've kind of built

601
00:27:04,720 --> 00:27:07,639
Speaker 5: this bond with each other. Maybe for you this is

602
00:27:07,720 --> 00:27:10,200
Speaker 5: just a friend. Maybe for her, she's kind of built

603
00:27:10,240 --> 00:27:13,439
Speaker 5: this like Kara parent bond and she's like.

604
00:27:13,760 --> 00:27:15,640
Speaker 4: Oh, can you go get me food? Can you get

605
00:27:15,680 --> 00:27:18,000
Speaker 4: me food? And like, I think I would just honestly

606
00:27:18,040 --> 00:27:19,200
Speaker 4: just sit down and have a chat with them, be

607
00:27:19,320 --> 00:27:22,080
Speaker 4: like I hate Bubby a kind of for this anymore.

608
00:27:22,440 --> 00:27:24,840
Speaker 5: I kind of want to buy both of us food

609
00:27:24,920 --> 00:27:27,560
Speaker 5: every day. It is tricky, though, if they still come

610
00:27:27,600 --> 00:27:29,280
Speaker 5: in hungry and you're like, well, I'm going to go

611
00:27:29,320 --> 00:27:33,240
Speaker 5: buy my food now, I guess I would. Communication is key.

612
00:27:33,800 --> 00:27:35,600
Speaker 5: I would try and just help them in some way.

613
00:27:35,880 --> 00:27:38,440
Speaker 5: I would talk to people in their life, but unfortunately

614
00:27:39,040 --> 00:27:39,960
Speaker 5: I know this is boring.

615
00:27:40,400 --> 00:27:42,040
Speaker 4: Communication is probably key.

616
00:27:42,280 --> 00:27:45,440
Speaker 2: Wow, that's crazy. I've never heard that as a solution, Jess,

617
00:27:45,520 --> 00:27:46,240
Speaker 2: what do you reckon?

618
00:27:46,520 --> 00:27:46,720
Speaker 8: Yeah?

619
00:27:46,880 --> 00:27:49,200
Speaker 3: I agree, I think it's it is hard. It sounds

620
00:27:49,240 --> 00:27:51,280
Speaker 3: like a broader issue. If you're saying they're coming to

621
00:27:51,359 --> 00:27:53,120
Speaker 3: work hungry, they're not eating all day, and then they're

622
00:27:53,119 --> 00:27:55,560
Speaker 3: getting sick like that. For me, there's a lot of

623
00:27:55,600 --> 00:27:59,560
Speaker 3: alarm bells going off with that kind of situation. I

624
00:27:59,640 --> 00:28:02,880
Speaker 3: think that it does just honestly warrant a proper conversation

625
00:28:03,080 --> 00:28:05,400
Speaker 3: and exactly as you said sharing that, Hey, like from

626
00:28:05,440 --> 00:28:08,359
Speaker 3: my perspective, like it just is not like I can't

627
00:28:08,440 --> 00:28:10,040
Speaker 3: do it, you know, like my money's not going as

628
00:28:10,080 --> 00:28:11,920
Speaker 3: far as it used to, Like I can't afford to

629
00:28:11,960 --> 00:28:14,280
Speaker 3: shout you like when I've got the funds, Like obviously

630
00:28:14,359 --> 00:28:17,280
Speaker 3: really happy to, but I just it's not something that's

631
00:28:17,800 --> 00:28:20,440
Speaker 3: doable for me right now. And then I think also

632
00:28:20,600 --> 00:28:22,560
Speaker 3: using that as an opportunity to check in with them

633
00:28:22,800 --> 00:28:25,159
Speaker 3: and be like, are you okay, Like what's going on?

634
00:28:25,520 --> 00:28:27,480
Speaker 3: Like do you need some help maybe coming up with

635
00:28:27,760 --> 00:28:30,600
Speaker 3: cheap meal ideas like to bring lunch to the office.

636
00:28:31,160 --> 00:28:33,880
Speaker 2: Here's you Chelsea's ten dollar meal plans exactly right.

637
00:28:33,840 --> 00:28:35,680
Speaker 3: Like we've got that linch on the website that's really great.

638
00:28:35,760 --> 00:28:39,040
Speaker 3: Like I think for me, the bigger issue is like

639
00:28:39,360 --> 00:28:42,160
Speaker 3: I'm just worried, honestly for this person and what's going

640
00:28:42,200 --> 00:28:44,800
Speaker 3: on in their life. And obviously I'm missing a significant

641
00:28:44,800 --> 00:28:48,680
Speaker 3: amount of context, but that extreme of a situation to

642
00:28:48,800 --> 00:28:51,600
Speaker 3: me suggests that maybe there's like some bigger stuff going on,

643
00:28:52,080 --> 00:28:55,240
Speaker 3: and I would be wanting to check in regarding that. Obviously,

644
00:28:55,280 --> 00:28:57,560
Speaker 3: you're totally valid in how you're feeling, and you know

645
00:28:57,680 --> 00:28:59,800
Speaker 3: it's not your job to cover somebody's lunch at the

646
00:28:59,880 --> 00:29:02,040
Speaker 3: end of the day, Like, that's not a responsibility that

647
00:29:02,120 --> 00:29:04,600
Speaker 3: you have to take on. But I do also understand,

648
00:29:04,720 --> 00:29:06,960
Speaker 3: like when you care for somebody or care for just

649
00:29:07,080 --> 00:29:09,480
Speaker 3: people who are having a hard time, it can be

650
00:29:09,560 --> 00:29:11,360
Speaker 3: hard to step away from that. And so I think,

651
00:29:11,480 --> 00:29:14,600
Speaker 3: like being really honest with your coworker will hopefully make

652
00:29:14,680 --> 00:29:17,400
Speaker 3: that feel a little bit less uncomfy, but also provide

653
00:29:17,440 --> 00:29:20,000
Speaker 3: you the opportunity to maybe find other ways to help

654
00:29:20,040 --> 00:29:20,680
Speaker 3: will support them.

655
00:29:21,040 --> 00:29:23,680
Speaker 2: Yeah, I'm going to go down two streams, right, So

656
00:29:23,800 --> 00:29:26,200
Speaker 2: the first stream is exactly aligned to what you guys

657
00:29:26,280 --> 00:29:28,560
Speaker 2: were saying, Can we please check in with this person,

658
00:29:29,120 --> 00:29:31,960
Speaker 2: Like there's so many reasons as to why they might

659
00:29:32,000 --> 00:29:34,560
Speaker 2: not have cash, and like I am always so like,

660
00:29:35,440 --> 00:29:38,280
Speaker 2: are they in a relationship and it's a financially abusive relationship.

661
00:29:38,360 --> 00:29:40,880
Speaker 2: Have they got an addiction that they are struggling with?

662
00:29:41,120 --> 00:29:43,960
Speaker 2: Is there something bigger at play? Are they, you know,

663
00:29:44,080 --> 00:29:46,200
Speaker 2: giving all their money to their and I don't know

664
00:29:46,560 --> 00:29:48,760
Speaker 2: like what their family situation is, but are they giving

665
00:29:48,760 --> 00:29:51,280
Speaker 2: all their money to their family and then having nothing

666
00:29:51,360 --> 00:29:53,600
Speaker 2: left for themselves because they don't know how to say no.

667
00:29:54,280 --> 00:29:56,720
Speaker 2: I want to make sure that they're fine. But then

668
00:29:56,760 --> 00:29:59,400
Speaker 2: on the flip side, so let's pretend we know they're

669
00:29:59,440 --> 00:30:02,760
Speaker 2: absolutely fine and they're just not very good at money management,

670
00:30:03,400 --> 00:30:06,360
Speaker 2: or they're just taking advantage of the fact that you

671
00:30:07,040 --> 00:30:09,880
Speaker 2: are willing to buy lunch. And because you guys were,

672
00:30:10,040 --> 00:30:12,880
Speaker 2: I guess a little bit kinder in your responses, I'm

673
00:30:12,880 --> 00:30:14,680
Speaker 2: going to go down the route that they've worked out

674
00:30:14,720 --> 00:30:18,680
Speaker 2: that you'll buy lunch and there's actually no reason why. Like,

675
00:30:18,840 --> 00:30:21,400
Speaker 2: let's pretend they are just shopping and enjoying life and

676
00:30:21,800 --> 00:30:23,840
Speaker 2: they just wake up like five minutes before they have

677
00:30:23,960 --> 00:30:26,680
Speaker 2: to leave. So that's why they're coming to work hungry,

678
00:30:26,720 --> 00:30:30,120
Speaker 2: because they haven't managed their own time properly. And do

679
00:30:30,160 --> 00:30:32,160
Speaker 2: you know why I'm thinking that because I used to

680
00:30:32,200 --> 00:30:34,600
Speaker 2: do that, not rely on other people, but my lord,

681
00:30:34,680 --> 00:30:37,160
Speaker 2: I would like roll out of bed and go straight

682
00:30:37,200 --> 00:30:39,479
Speaker 2: to work, no coffee, no breakfast, no nothing, and then

683
00:30:39,520 --> 00:30:41,520
Speaker 2: by ten am I'd be like, oh my god, I

684
00:30:41,640 --> 00:30:44,760
Speaker 2: need a coffee because I have done myself for dirty here.

685
00:30:45,520 --> 00:30:48,720
Speaker 2: So a lot of this is not your responsibility. Actually

686
00:30:48,840 --> 00:30:51,640
Speaker 2: none of it is your responsibility. But the check in

687
00:30:51,760 --> 00:30:55,120
Speaker 2: thing fantastic, but on the flip side, if they're taking

688
00:30:55,200 --> 00:30:58,040
Speaker 2: advantage of you, there are a number of ways to

689
00:30:58,080 --> 00:31:01,320
Speaker 2: put ashback. Great idea, Beck having a chat, you know, going, hey,

690
00:31:01,520 --> 00:31:04,440
Speaker 2: I actually conffward this. Same with you, Jess, if you're

691
00:31:04,520 --> 00:31:06,880
Speaker 2: a little bit less confrontational, like you don't want to

692
00:31:06,920 --> 00:31:10,480
Speaker 2: have that chat so strange. You're trying to budget better

693
00:31:10,560 --> 00:31:13,440
Speaker 2: and you're bringing lunch every day, so you're going to

694
00:31:13,720 --> 00:31:16,160
Speaker 2: talk about your budgeting journey and oh my god, you

695
00:31:16,240 --> 00:31:19,240
Speaker 2: know it's what January, So you've just started a new

696
00:31:19,280 --> 00:31:21,880
Speaker 2: budget for the new year, and you're so excited and

697
00:31:21,960 --> 00:31:24,080
Speaker 2: you've decided to cut back on buying lunch out you

698
00:31:24,200 --> 00:31:27,160
Speaker 2: cannot believe how much it's adding up. And you've started

699
00:31:27,240 --> 00:31:30,120
Speaker 2: bringing lunch to work, And then you ask your friend

700
00:31:30,240 --> 00:31:32,760
Speaker 2: or your colleague, what are they going to do, Like

701
00:31:32,960 --> 00:31:34,720
Speaker 2: do you want to start bringing your lunch because it'll

702
00:31:34,760 --> 00:31:37,760
Speaker 2: save you so much money too, just glossing over the

703
00:31:37,800 --> 00:31:40,840
Speaker 2: fact that you know that you're purchasing their lunch. But

704
00:31:41,080 --> 00:31:43,440
Speaker 2: like the concept of bringing your lunch to work would

705
00:31:43,480 --> 00:31:45,640
Speaker 2: save someone money when they're meant to be paying for

706
00:31:45,720 --> 00:31:48,560
Speaker 2: it themselves. Absolutely, So I think for me, I would

707
00:31:48,560 --> 00:31:51,320
Speaker 2: probably go down that route because it just it stops

708
00:31:51,360 --> 00:31:53,880
Speaker 2: the interaction of oh, can you grab me something, because

709
00:31:53,920 --> 00:31:56,640
Speaker 2: I'm not actually going anywhere I can grab you something.

710
00:31:57,000 --> 00:31:59,360
Speaker 2: And I'm not saying that's a forever solution, but it

711
00:31:59,480 --> 00:32:04,080
Speaker 2: might break the habit, like it might break them asking you,

712
00:32:04,600 --> 00:32:07,240
Speaker 2: because they're going to fall into this idea that every

713
00:32:07,320 --> 00:32:10,160
Speaker 2: day Beck brings her lunch. I can't keep asking her. Great,

714
00:32:10,160 --> 00:32:12,479
Speaker 2: they're going to have to find another solution. And then

715
00:32:12,520 --> 00:32:14,640
Speaker 2: on the other times that maybe we've full, like, let's

716
00:32:14,640 --> 00:32:16,840
Speaker 2: be honest, I can't commit to bring my lunch every

717
00:32:16,880 --> 00:32:19,280
Speaker 2: single day to work. That's not a me thing. But

718
00:32:19,400 --> 00:32:21,240
Speaker 2: maybe I would do it to break this cycle. And

719
00:32:21,320 --> 00:32:23,520
Speaker 2: then when I start going back out for lunch, I go, oh,

720
00:32:23,560 --> 00:32:26,840
Speaker 2: why don't you come down and pick and then you

721
00:32:26,960 --> 00:32:29,800
Speaker 2: do separate transactions, or you let them go first, or

722
00:32:29,880 --> 00:32:32,920
Speaker 2: you kind of don't jump in with the debit card

723
00:32:33,480 --> 00:32:35,720
Speaker 2: to kind of save you'd be like, oh, yeah, you go.

724
00:32:36,000 --> 00:32:38,760
Speaker 2: I'm just thinking about what I want and kind of

725
00:32:39,280 --> 00:32:41,720
Speaker 2: doing it that way. Because I'm not saying that's the

726
00:32:41,800 --> 00:32:45,200
Speaker 2: right solution, because personally, I would probably have a conversation

727
00:32:45,320 --> 00:32:47,440
Speaker 2: if I felt comfortable to do so. But I'm also

728
00:32:47,480 --> 00:32:50,560
Speaker 2: aware that not every community member is as confrontational as

729
00:32:50,600 --> 00:32:53,400
Speaker 2: we are able to be, because we are pretty open

730
00:32:53,480 --> 00:32:56,360
Speaker 2: with money conversations for sure, Like in our team where

731
00:32:56,360 --> 00:32:58,760
Speaker 2: I was like, oh, how's your saving skull? Going, like

732
00:32:58,840 --> 00:33:01,840
Speaker 2: we know what's in each other's investment accounts, Like we're like, oh,

733
00:33:01,880 --> 00:33:04,040
Speaker 2: how much were those boots, Jess? And it's not a

734
00:33:04,120 --> 00:33:06,800
Speaker 2: weird question, but in like a corporate environment, can you

735
00:33:06,880 --> 00:33:09,200
Speaker 2: imagine if someone turned around and said, well, Jess, nice

736
00:33:09,240 --> 00:33:11,720
Speaker 2: cowboy boots. How much were they? You'd be like, what?

737
00:33:12,320 --> 00:33:13,040
Speaker 3: Yeah, I forget that.

738
00:33:13,120 --> 00:33:17,240
Speaker 2: It's not very normal to always talk about money, do

739
00:33:17,360 --> 00:33:19,920
Speaker 2: it all the time. I think people. I don't think

740
00:33:19,920 --> 00:33:22,640
Speaker 2: people would be surprised because it's us. But then I

741
00:33:22,720 --> 00:33:25,600
Speaker 2: think if you were in a more conservative environment, you'd

742
00:33:25,600 --> 00:33:28,480
Speaker 2: be like what understandably, Like the second I get a

743
00:33:28,520 --> 00:33:30,600
Speaker 2: good deal on deep Pop, I'm rolling into the office.

744
00:33:30,720 --> 00:33:32,560
Speaker 2: You should see the cardigan I just got it was

745
00:33:32,600 --> 00:33:34,640
Speaker 2: listed for one hundred and eighty new I just got

746
00:33:34,680 --> 00:33:36,880
Speaker 2: it for forty bucks. Look at this so sick, Like

747
00:33:37,240 --> 00:33:39,880
Speaker 2: we're just proud of ourselves in our money conversations. And

748
00:33:39,920 --> 00:33:42,400
Speaker 2: I hope that everybody gets to that point. But I

749
00:33:42,480 --> 00:33:44,640
Speaker 2: did ask the community for their two cents. The first

750
00:33:44,760 --> 00:33:46,520
Speaker 2: question I asked was what would you do if you

751
00:33:46,560 --> 00:33:49,239
Speaker 2: were our community member just like you guys? Fifty nine

752
00:33:49,280 --> 00:33:52,280
Speaker 2: percent said that they would have an honest conversation love.

753
00:33:52,520 --> 00:33:57,800
Speaker 2: Twenty four percent said that they would distance themselves. Understandable, yes,

754
00:33:57,920 --> 00:33:59,960
Speaker 2: but also that could put a spanner in the world.

755
00:34:00,960 --> 00:34:04,520
Speaker 2: From a workplace, you got to manage the dynamic. Yeah,

756
00:34:04,880 --> 00:34:06,800
Speaker 2: like it's a hard Like, I get it, but I

757
00:34:06,880 --> 00:34:10,440
Speaker 2: find that's a hard one. Seventeen percent said, maybe you

758
00:34:10,560 --> 00:34:13,200
Speaker 2: just say it's their shout today. Yeah, let's see how

759
00:34:13,320 --> 00:34:13,680
Speaker 2: that goes.

760
00:34:13,760 --> 00:34:13,960
Speaker 3: See.

761
00:34:14,680 --> 00:34:17,560
Speaker 2: Yeah, a great idea. Actually, I've got some work to

762
00:34:17,600 --> 00:34:19,400
Speaker 2: finish your shout today. Do you want to get me

763
00:34:19,480 --> 00:34:23,440
Speaker 2: a like salad sandwich? Thanks? I doubt they'd ever ask again.

764
00:34:24,080 --> 00:34:25,040
Speaker 7: Yeah, yeah, And.

765
00:34:25,239 --> 00:34:27,400
Speaker 2: Then less than one percent of you said, I'm just

766
00:34:27,480 --> 00:34:31,120
Speaker 2: going to keep paying to avoid the drummer. Next question

767
00:34:31,239 --> 00:34:33,120
Speaker 2: I asked was do you struggle to say no when

768
00:34:33,120 --> 00:34:36,040
Speaker 2: people ask you to shout them food. Fifty percent of

769
00:34:36,120 --> 00:34:38,800
Speaker 2: you said it depends on who not a work colleague,

770
00:34:39,360 --> 00:34:43,239
Speaker 2: Twenty five percent said no, I'm the boundaries queen, and

771
00:34:43,320 --> 00:34:46,560
Speaker 2: then twenty five percent said no, I'm a softy. Yeah

772
00:34:46,800 --> 00:34:50,799
Speaker 2: we do and relatable. Then I obviously was like all right,

773
00:34:50,880 --> 00:34:53,160
Speaker 2: the two cents getting my dms? What have you got

774
00:34:53,200 --> 00:34:57,000
Speaker 2: to say? First person said, she won't starve if you

775
00:34:57,080 --> 00:35:00,120
Speaker 2: start saying no, she survived for years before she met you.

776
00:35:01,040 --> 00:35:03,719
Speaker 2: This is true, but I feel like she's starving and

777
00:35:03,800 --> 00:35:06,440
Speaker 2: I can't have that. You know, I was born to

778
00:35:06,480 --> 00:35:08,880
Speaker 2: be a mum, Like I literally was asked Jess. The

779
00:35:08,880 --> 00:35:10,319
Speaker 2: second you get in my house, I'm like, you hungry,

780
00:35:10,360 --> 00:35:12,320
Speaker 2: you're thirsty. What do you need? Jess will say, oh, no,

781
00:35:12,400 --> 00:35:14,560
Speaker 2: I'm fine. I'll be like, well, I've got cookies.

782
00:35:15,080 --> 00:35:16,719
Speaker 3: I'm a co worker that never pays for my lunch

783
00:35:16,719 --> 00:35:18,120
Speaker 3: because you're trying about it for me.

784
00:35:18,560 --> 00:35:19,200
Speaker 4: That's so cute.

785
00:35:19,239 --> 00:35:20,879
Speaker 2: You just come and work at she's on the money,

786
00:35:20,920 --> 00:35:22,879
Speaker 2: because like, if I can pay your lunch, I do try.

787
00:35:23,640 --> 00:35:26,640
Speaker 2: Next one is have an emergency tint of tuna to

788
00:35:26,800 --> 00:35:31,160
Speaker 2: offer support request may your support requests may drop when

789
00:35:31,200 --> 00:35:33,320
Speaker 2: the food offered isn't fun anymore.

790
00:35:33,560 --> 00:35:35,480
Speaker 3: That's actually a great one, like a little chip. I've

791
00:35:35,480 --> 00:35:36,920
Speaker 3: got a children advice in the door if you want to.

792
00:35:37,520 --> 00:35:39,400
Speaker 3: That's actually a nice, like yeah, ground solution.

793
00:35:39,680 --> 00:35:41,800
Speaker 2: That's cute too, because it's like, oh, I've got like

794
00:35:41,880 --> 00:35:44,799
Speaker 2: a little option. You can't be mad at that ye true.

795
00:35:45,120 --> 00:35:47,600
Speaker 2: Next person said, if the op is hesitant to have

796
00:35:47,680 --> 00:35:50,960
Speaker 2: the conversation, suggests that they reframe it as a welfare check.

797
00:35:51,800 --> 00:35:54,000
Speaker 2: Another person said, think of a one liner to say

798
00:35:54,040 --> 00:35:56,880
Speaker 2: and practice it. Sorry, that's not in my budget at

799
00:35:56,920 --> 00:36:00,279
Speaker 2: the moment, and to be able to shout you basically yeah.

800
00:36:00,600 --> 00:36:04,800
Speaker 2: Next person says, you're actually enabling that person's behavior. Humans

801
00:36:04,840 --> 00:36:07,479
Speaker 2: take advantage of people who give things away for free.

802
00:36:07,960 --> 00:36:12,640
Speaker 2: Not always, not always, but it's definitely human nature to

803
00:36:12,800 --> 00:36:17,200
Speaker 2: take more than you give unfortunately, like from a psychological

804
00:36:17,280 --> 00:36:20,160
Speaker 2: point of view, like if someone is giving us stuff,

805
00:36:20,520 --> 00:36:23,120
Speaker 2: we will take advantage of that. And the reason for

806
00:36:23,200 --> 00:36:26,480
Speaker 2: that is, like you're hoarding stuff for the winter, Like

807
00:36:26,880 --> 00:36:30,759
Speaker 2: you know, it's not us being mean or not grateful. Like,

808
00:36:30,920 --> 00:36:34,279
Speaker 2: gratefulness is actually a practice you have to embrace. It's

809
00:36:34,360 --> 00:36:36,560
Speaker 2: not something that it's one of. It is literally the

810
00:36:36,680 --> 00:36:41,120
Speaker 2: only emotion that you have to physically learn. And I

811
00:36:41,200 --> 00:36:44,840
Speaker 2: think that that's quite an interesting concept because everything and

812
00:36:45,800 --> 00:36:47,759
Speaker 2: I have obviously done a fair bit of study, but

813
00:36:47,880 --> 00:36:50,320
Speaker 2: every single emotion comes back to fear. And one of

814
00:36:50,400 --> 00:36:52,680
Speaker 2: the things that really like knocks it on the head

815
00:36:52,760 --> 00:36:55,080
Speaker 2: is like fear of not having something in the future,

816
00:36:55,200 --> 00:36:57,719
Speaker 2: so if someone offers you something, you're more likely to

817
00:36:57,800 --> 00:37:00,600
Speaker 2: say yes than no. And it doesn't mean it's reciprocal.

818
00:37:00,840 --> 00:37:04,840
Speaker 2: Nice people obviously reciprocal. I cannot imagine lending anything or

819
00:37:04,880 --> 00:37:07,160
Speaker 2: buying Beck anything without her being like, babe, i'll pay

820
00:37:07,239 --> 00:37:10,920
Speaker 2: you back. I'll do A good person who practices gratitude,

821
00:37:11,440 --> 00:37:15,160
Speaker 2: But not everyone is like that got you anyway? Two

822
00:37:15,239 --> 00:37:18,840
Speaker 2: more second, last one, maybe you have a conversation around

823
00:37:18,960 --> 00:37:21,799
Speaker 2: well being. Most businesses have an EAP that can help

824
00:37:21,840 --> 00:37:22,480
Speaker 2: with budgeting.

825
00:37:22,800 --> 00:37:23,399
Speaker 3: Oh that's good.

826
00:37:23,600 --> 00:37:27,120
Speaker 2: And then the last one, which is self absorbed, says,

827
00:37:27,560 --> 00:37:29,239
Speaker 2: why don't you just email her a link to that

828
00:37:29,280 --> 00:37:33,440
Speaker 2: she's on the money podcast or newsletter? Do that to

829
00:37:33,560 --> 00:37:37,720
Speaker 2: even all your friends who aren't struggling this afternoon. This afternoon,

830
00:37:37,880 --> 00:37:40,480
Speaker 2: just forward your newsletters to all of your friends. Would

831
00:37:40,480 --> 00:37:43,840
Speaker 2: be like, this newsletter is lit to We've got a

832
00:37:43,960 --> 00:37:47,720
Speaker 2: lot of time and energy into making that stuff juicy. Anyway,

833
00:37:47,920 --> 00:37:54,000
Speaker 2: that's place to leave the funniest of people. Oh my goodness,

834
00:37:54,280 --> 00:37:56,319
Speaker 2: all right, let's go before I go on another round

835
00:37:56,320 --> 00:38:02,400
Speaker 2: about lunches your shout today. I fear it might be.

836
00:38:03,120 --> 00:38:03,919
Speaker 2: I fear it might.

837
00:38:05,440 --> 00:38:07,560
Speaker 7: I can't And I'm also like, no, you came all

838
00:38:07,600 --> 00:38:10,239
Speaker 7: the way to work like, oh that wait, it worked

839
00:38:12,640 --> 00:38:14,719
Speaker 7: just I'm like, no, you came here, you work for me,

840
00:38:14,960 --> 00:38:16,239
Speaker 7: like I should be looking after you.

841
00:38:17,120 --> 00:38:19,160
Speaker 2: All Right, let's go. We will see you bright nearly

842
00:38:19,239 --> 00:38:21,560
Speaker 2: on Monday morning for a money diary. Until then, have

843
00:38:21,719 --> 00:38:24,759
Speaker 2: a really beautiful weekend and we'll see you then. Bye, guys,

844
00:38:24,920 --> 00:38:31,480
Speaker 2: Bye bye guys. Did buy shared on?

845
00:38:31,640 --> 00:38:34,040
Speaker 8: She's on the Money is general in nature and does

846
00:38:34,160 --> 00:38:38,080
Speaker 8: not consider your individual circumstances. She's on the Money exists

847
00:38:38,239 --> 00:38:41,399
Speaker 8: purely for educational purposes and should not be relied upon

848
00:38:41,520 --> 00:38:44,520
Speaker 8: to make an investment or financial decision. If you do

849
00:38:44,680 --> 00:38:47,640
Speaker 8: choose to buy a financial product, read the PDS TMD

850
00:38:47,840 --> 00:38:49,800
Speaker 8: and obtain appropriate financial.

851
00:38:49,440 --> 00:38:51,200
Speaker 2: Advice tailored towards your needs.

852
00:38:51,600 --> 00:38:55,520
Speaker 8: Victoria Divine and She's on the Money are authorized representatives

853
00:38:55,600 --> 00:38:56,000
Speaker 8: of money.

854
00:38:56,040 --> 00:38:58,759
Speaker 2: Sheper pty ltd ABN three

855
00:38:58,880 --> 00:39:01,680
Speaker 8: Two one is six four nine two seven seven zero

856
00:39:01,880 --> 00:39:04,600
Speaker 8: eight a f s L four five one two eight

857
00:39:04,719 --> 00:39:04,959
Speaker 8: nine